The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1867-10-18
agricultural ano DrattitaI.
The Wool Market.

did not sell in July, may as we'll keep
oct of the market for month or two
yet, unless they have made up their
minds to take the lowest price of the
season. There was large auction sale
of foreign wool in New York on the
Sd of Oct Of this sale, the EconUniist
says: .f-..
"There were offered in all So lots of
wool, and 5 of extract focks and rags.
Of the former, 93 were Cape-some of
these were very good, some inferior;
and brought prices above domestic
fleece" a .s
After quoting prices-which were,
for Cape from 80 / to AZ ] cents, the
Economist argues; .ss
.''Nhen We consider that it will take
3 lbs. Of this wool to produce 1 10 of
clean wool, we fud that this sold at a
better price than domestic wool brings
making from one dollar to one dollar
and twenty-three cents for one pound
Of clean: wool, while manufacturers
want to buy domestic fleece at less than
one dollar per pound; it is true,
domestic fleece wool will not answer
every purpose TO which Cape wool can
be applied such wool is worth in Eng
Iaud l ! cents per pound, add to this
10 cents per pound duty, and 10 cent
al valorem, would make 80 cents gold,
and gold at l43 would be All cents
currency, to say nothing for the cost of
transportation.
'sLot 38 was a lot Of Xxx Pennsylvania,
which was sold before the sale for Gle.
Lot 80, 5000 lbs of Y Pennsylvania,
5IIc., Hilsen & Co, Philadelphia; this
struck terror into the bears; this was
to have been sold at 474c, and they
were thunder-struck when, even at
that price, $4,000 lbs were withdrawn.
Lot 40, 5000 lbs No. /, at 4s4c, to
Duncan & Son, was another cause for
growls, and another when 5000 lbs
more were withdrawn, rather than sell
for less, and lot Of coarse sold for
43c, to Whitehead IL Legg, which
subjected them to rather sharp
lecture from a friend or guardian. Lot
II, 10000 Ohio and Penn, 51ac, to
George Green; 10000 lbs more with
drawn. ~, 10000 lbs, Virginia, 501c.
43, 5000 lbs N. Y. Fleeces, Al 9c.
Al, 5000 lbs Western Fine, 4lc."
In Boston, the Bulletin reports: In
regard to the value of choice domestic
woods, buyers and sellers are just now
apart in their views. The former are
not willing to give prices relatively high
er than for the low and medium grades,
which are wanted for present use. But
the latter, in view of the scarcity and
relative high cost of fine foreign staple,
are confident that the corresponding
grades of domestic will command high
er rates before the close of. the season,
and intend to govern themselves accord
ingly. - -.sa... ,5
There is no lack of ordinary fne,
three-quarter blood extra wool, which,
in fact, constitutes Il very large portion
of the whole crop, and is now more
plenty than the medium and coarse
grades. The former is not held back,
but offered freely at rates which are
relatively low as compared with other
qualities. But wool strictly graded as
double extra and above, suited to the
production of the better class of light
spring fabrics, is very moderate stock
and viii doubtless be scarce before the
first Of January.
The stock of foreign woods, held in
bond, have been considerably reduced,
of late, by reshipments to the European
markets. Importers, despairing of
being able to realize prime cost under
the new tariff, have naturally taken
advantage of the late advance in gold
and slight advance in wool prices on
the other side, to get rid of the bulk Of
their stocks of Cape, Australian and
Mestiza staple, by expectation. The
balance of duty paid, now on the
market, is very insignificant, and most
ly held above the views of buyers.
Sales Of domestic for the week have
been moderate, and foot up about 7OO,
600 It's, at range of 80 to soc for
fleece, and 2S to SOC for the various
grades of pulled. Included are 20,-
900 lbs fine Ohio, As ] cents; 1900
lbs do. DO, 48c; 1000 lbs medium do,
45c; 5000 lbs fine do, so BE; 5000
Ids do. do, soc; 5000 lbs ds., 4sc.