The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-05-28
FINANCE AND TRADE.
BOSTON Wool Market.

BosToN, May %.
In the wool market there is no new
feature or change to record, and the dull
ness which has characterized trade dur
ing the two last months continues an-
broken. The bad weather of the past
week has doubtless kept out some buy
ers who would otherwise have made
their appearance. But, aside from any
incidental matter affecting the wool
trade, il would be useless to disguise the
fact that the current wants of consump.
ton are by no means pressing, and that
the demand from manufacturers is I'M.
usually ligit, even for this Transition
stage of the season.
Iu fact, Notwithstanding the low pri.
ces at which domestic wool is now sell
ing, nothing prevents them from falling
TO d still lower range, except the scar
city of some grades which are most
wanted for present use. Low woods
both fleece and pulled, are sold very
/. close up, and hence held with compare
| tive tirmness. But dealers are anxious
% sell the staple, which constitutes the
bulk of supplies, aud which has beer
strangely neglected by consumers, thu;
! far, during the present year. The cause
of this neglect is probably the lack Of
margin exhibited on the Production Of
fiue fabrics all through the spring; and
at this stage of the Season, with thu
trade in light goods nearly over, tue
mills always begin to run upon coarse
heavy products adapted to the fal
trade.
1t is the aim of wool buyers to picG
up cheap lots of staple, which they cal
make up into goods without risk of los'
from depreciation. They naturally de
sire to keep on the safe side of the mar
ket, aud they have been rendered more
cautious, i'll this respect, from the fac
that, during the last year, they have
often been compelled To part til thell
products at unremunerative prices
Owing 10 this commercial Decessity fol
cheap production, the price rather thar
the uuality of wool is now most regard
ed by manufacturers. Hence lots which
in ordinary times would be considered
undesirable, if not positively unsalea
BILE, are now readily taken at relatively
high rates.
Unless the prognostics of the season
shall signally fail, or speedily undergo
u r. dical change, the new clip will bt
late in the market This will be a de
cided advantage TO the holders of ole
wool, who are anxious to close cut thei
stocks before the new makes its appear
ance in the Eastern markets. The prob
ability OF such result will also stimu
late buyers to come in for supplies to
bridge over, and hence we should not bt
surprised to see an active and tirmel
market during the entire mouth ofJune
Bat this will depend very much, also
upon the course of the goods trade
since it will be vain to hope for any
material improvement in the article
ualess It's products can be distributed a.
paying rates.
The total sales of wool in this city
since our last report foot up GA, 900 lbs
not including sales of foreign, and the
transactions of the principal houses are
as follows:
65OO lbs fine Iowa, 52c; 1000 combiug
pulled, zoe; 5000 lbs fine Illinois, 45c
5000 lbs delaine selections, SOC; 35Ot
lbs blood Michigan, 45c; 5000 lbs fine
Ohio, 47ac; 1000 lbs extra pulled, soc
1000 lbs do do, Acc; $500 los do do, Ale
1000 lbs picklock, 63c; 1000 lbs choice
super pulled, soc; $4,000 lbs unwaShed
combing, 42a45c; 1000 lbs bury, 4Oc
500 lbs super pulled, 42c; 500 lbs do do
54c; 10000 lbs medium fleece at 47c fol
Wisconsin, aud 48a49c for New York
1000 lbs super pulled, SIC; 5000 lbs ex.
ira do, soc; 1000 lbs cOmbiug, 53c.