Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1867-03-27
The Wool Market.
BOSTON,

BOSTON.
The market Is firm, with . good demand for
aSdt tSs al aa SsaSss G 1o SSH isss ssSs 5 Sas 5 fsss e;
been we'll sustained. Prices. however, remain
unsettled, there being . diversity Of opinion a
to whether the full eject Of the new tariff has
yet been experienced in the market. Some
dealers are selling freely At an average advance
of 2GSc on former prices, while others are
holding for q rise Of 596c. and think they
shal finally get it.
Commission merchants are much embarrassed
by the extreme YieHa and limitations of con-
~signers. who. under the new tariff. are expect
ing to realize . much larger advance than II il
possible 70 obtain in the present state Of the
market for wool products. Country prices for
wool. which before were relatively high, -
compared with those upon the Heabord. are now
receipts are again falling OF. and stocks here
cannot be replaced at anything Ike current
prices. This would be the case eTen Bupposing
there was plenty Of wool remaining In the
hands Of growers. Butsueh Is not the fact; the
consumption for the past season has run almost
entirely on domestic staple, and supplies IN
most OF the wool producina States are supposed
Sales Of domestic. for the week. hsys been
quite large. and foot up nearly 100000 b8, ~ 4
range Of 5O976cS D for fleece. and 35967Hc for
the various gradeso Of pulled. Included are lots
the outside rate for choice Wisconsin ; New
York and Vermont do a. 5096oc; Michigan 81
559621zc; COARSE Ohio and PennsylVania do Al
OuNSDDCs htIlUn anu me ~ 8kgC|0ocs o1I8 &C
6SG65e; double extra and choiea do at &9TOo-
40.U00bs at Sc; and some 1900 bs; picklOck, in
small lots. At 72ST6e, the latter grade being
NEW YORK.
The EcoHOzsisf says The activity which char
aeterized the market last week has not extend
ed TO this. The market Tor Woolens did not
respond to the passage Of the tayid in the man
ner in which mAny expected. It's true there 10
more confidence. more hrmness aud exReeta-
ton. but as yet little has been realized. Goods
could be sold very readily at former rates, but
it is exceedingly difficult TO obtain any material
ket has been quiet. although firm. and f We say
that wool u &c . ID better than il was before
the passing Of the tariff, 1t Is all that IL will
warrant But IS We have frequently Eaid, all
the tariffs In the world eannot manufacture q
demand. and this is now being realized : and so
Lizzie cOnhnence nave manufacturer that the
demand will be seriously increased By the pas
sage Of tue tariff. that none have yet increased
the hours Of labor. az least none Of those who
have been running short time; and Is il Is al
most impossible TO obtain an advance on the
price Of Woolens which would pay the cost Of
manufacturing. and equally impossible 70 get
seriously considering the alternative Of either q
reduction Of wages or Of q = entire Bt0ppage Of
machinery. This Is . sorrJ comment upon the
tarih and protection. suppose that the Ia
b0rer was included IN the question; but In place
of Al ADVANCE Of wages. as the laporer might
have expected If the protection theory was
6OQuQs a re1uClOu HS contemplated. II "a
true We nave q slight advance on wool, We wish
II was more We should be glad TO see an ad-
vance of wool and OF labor arising from true
grounds, an active demand. but that demand Is
still lacking. The large tailure in Providence
last week. has not improved tnIngs this week
1t is true this was not = WOODEN establishment.
but il has weakened confidence in manufactu-
rers generally, and there IL no doubt Dat wool
dealers couId sell more Hool than they now do
If they would give the in-discri1l1at ate credit they
did q year ago. This wAnt0fc confidence steadIes
business AZ the present time. and We think il Is
well for all concerned that sucn is the state Of
things. OF we should certainly have In q very
short time one Of the most direful crashes that
ever visited the buAineSs Of the country.
Uur quotations are as follows:
Pennsylvania OHIO ana Virginia choice Sax
ony heeces, T214975e; saxOny heeees. 6S97Z1&
three-quarter and full blood Merino, 62G67c
y blood, 5796Oc; Il blood, 529S7e; common,
47H952ci New YORK, Michigan and Indiana.
full blood and i. 6962lzc; Y blood, S95lHe;
q blood. 508ooe; commOn. EG50c; " estefn
nne. 5295Se; medium. f14952c; common, $50
47zc.