The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-07-04

/ Ercm The BOStoEI Commercial Bulletin
| The wool market has been fairly ac-
| tive during the past week, and buyers
! have exhibited considerable plnck and
nerve under the adverse circumstances
| OF the situation The transactions. how
ever, have been mostly at low rates.
and dealers with their stocks of domes-
tic fleece nearly closed out, are dis
posed TO allow prices to gradually set
lie down, in view of the prospective
moderate rates at which the new clip is
expected TO open.
In fact, the amount OF desirable wool
now remaining upon the Eastern mar
kets is very small and some grades
wanted for immediate consumption,
such as coarse fleece and choice lots OF
double extra and picklock, are wholly
uencient. The new clip comes along
very slowly, and will not be available
10 any extent for two or three weeks to
come, at least. In the meantime man
uiacturers, who are generally worked
close up on material, must have some
thing to bridge over with, and they
prefer buying old wool, II it can be
had at reasonable rates, rather this n to
send agents into the country for new.
Hence, several large consumers have
come in during the past week and
bought literally wherever they could
ind parcels adapted TO their require
ments.
The bulk of old wool remaining in
the hands of the trade, however, con-
sists of heavy New York, Vermont
and New Hampshire tleeces, of the
medium aud three.quarter blood
grades. These are not much wanted
for present use, and can only be sold
at a liberal concession. Very little low
Western or choice Ohio and Pennsylva-
mia is to be had, and these command re-
latively high rates. For the latter, the
better grades of pulled wool are being
substituted to a considerable extent;
and, as a consequence, the supply OF
good supers and extras has been much
reduced, and these descriptions are
likely to run short before the next pull
ing season, r
But the scarcity of strictly fine do
nestle fleece wool, aggravated as it is
by the virtual exclusion of the cores
pondiug grades of foreign, will compel
certain class of consumers to take
hold of the new clip before long. We
learn that already some manufacturers
OF hne goods have despatched agents to
Eastern Pennsylvania and Western
Virginia, who are buying up fancy
clips, suited to the production OF their
specialities, at prices relatively higher
than could be realized in the Eastern
markets. This Is certainly bad policy,
and should be avoided as far as pOssi-
BILE. 1t cannot be for the advantage OF
either grower or consumer, to start the
L
ranted by the condition OF the goods
market. The prices made in the mar
kets of actual consumption are the only
| true criterion OF the commercial value
| OF wool; and any line of conduct which
stimulates country prices above these,
can only result in disappointment and
loss.
In other wool-growing sections, fur
Their West, we understand that very
| little has been done, as yet, in the way
/ of buying up or fixing prices for the
new clip. Farmers seem to be in no
hurry tosell, relying mainly upon 9TH
er crops tor their financial resources,
and many of them still cling to the de-
lusiye idea that only higher tariff rates
are needed to carry up the market val
ne OF their wool product to prices real
| lied during the war. The Ohio Wool
Growers Convention, which is TO meet
at Cleveland on the 4th prox., seems to
have been inspired by this idea, and
will probably bring a pressure to bear
| upon Congress, which is expected to as
I semble at the same time for more pro-
| lection to that interest. But Congress,
/ il it acts at all, must first see what can
be done to enable wool manufacturers
| to sell their goods, at least, ut the pres
ent cost of reproduction.
Sales of domestic for the week have
been quite liberal, all things consider
ed, and foot up some 100000 TBS at a
A"hBC Vi OOT5htUC lOA AGGGGt huu StEzA
621S for the various grades of pulled.
Included are sc, 600 lbs extra Ohio fleece
at 60a6lc; 10000 tbs fine do, 55c; 25 600
lbs fine Ohio and Pennsylvania, in lots,
at a range OF 6Oa7Oc. the outside rate for
double extra; ], 900 TBS unwashed Ohio,
35c; 800 lbs do. do, 35ISc; 1900 ms
extra do, CSC; 1000 lbs line do, soc;
| 800 TBS do. do, 56c; 1000 lbs extru do
62cI 1000 MS medium do, sic; 900 MS
secured do. 6sc; 900 TBS fine Michigan,
| Soc; 5000 lbs fine Wisconsin, SOC; 1000
lbs do. do, soc: 5000 lbs do. do, SIC;
$500 MS extra do, SIC; 2, 100 lbs fine Illi-
nOis, soc; 900 TBS course tub do, 521zc;
900 lbs coarse Iowa, 435zc; 5000 ms me-
dunn to fine do, SOC; IL, 900 MS do. do,
| 55c: 600 lbs II edium Indiana, soc; 600
rs unwashed Maine, 371<c; 2, 500 lbs do.
do, 40c; l., 600 ms fine do, 60c; 5000 ms
medium Vermont, 5Sc; 10000 ms fine do.
54c; 10000 ms extra New York, 6Oc: 10,
| 600 lbs double extra do, Gle; 1900 lbs
fine do, 53c; 5, 200 ms fine New Hamp
shire, 56c; /. 500 ms unwashed Vermont,
! 331Sc; 5000 ms selected Ohio. Wisconsin
| and Kentucky delHine, 37a57c; 10000 lbs
| do, Csc; 900 lbs noiis, 42c.