The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-06-17
FINANCE AND TRADE


HI lDOSlOLl biiC "oOi Ia
lively, and the improved demand last
noted has continued the past week.
The stock of old wool is being rapidly
absorbed at the current low prices; and
if there should b9, says the Bulletin, any
unusual delay in marketing and for
warding the new crop, there will not be
a sufficiency of the low and medium
grades of fleece To bridge over. IN fact
these grades would have been already
exhausted but for the timely aud liberal
receipts of California spring clip,
which have enabled consumers to
supply their wants, thus far, without fall
ing back upon the foreign grown staple.
Manufacturers seem to be fully i'm
pressed wi I. the importance of seeur
ing good supplies of old wool, in view
of the backwardness of the season,
which delays clipping, and the uncer.
tainties as to the cost and characters Of
new woods. Notwithstanding the pres.
ont inactivity and low prices Of goods,
they are hoping for better condition
Of things in the future, aud hence are
picking up all the desirable lots of wool
offering ut figures which exhibit any
margin. They cannot, of course, pay
high prices, and generally pass by lots
which are held above I5a50c unless q
very choice article wanted for special
purposes. But the coarser grades, both
Of fleece and pulled, adapted to the pro.
duetion of heavy fall goods, are readily
taken at relatively full prices.
Holders continue to meet the market
in liberal spirit, and are evidently de-
termined to close out their stocks, and
make way for the new clip. They read
lily make little concession 10 pur-
chasers of extra, which constitutes the
bulk Of supplies, aud this grade has
been moving OF rather moro freely dur
ing the past week. They are the more
disposed to meet the views of buyers,
from the fact II at any attempt to force
up wool prices toward the close of the
season invariably establishes bad pre-
cedent for country operators in the new
dip.
The latter will have To open AT low
figures, and come forward in good con-
ditiOn, if it is to realize any profit to the
commercial classes. In view of the bit
ter experience of the last two years, it
is pSrhaps unnecessary to admonish
woOl-buyers of the absolute necessity of
exercising core and caution, If they
would avoid serious losses and not raise
expectations in the midst of growers,
that can never be realized. Let them
hasten slowly, and beware Of rash and
indiscriminating competition.
Super pulled woods are scarce and
wanted 1T higher prices than can be
obtained for the extra grade, which is
in good stock. COmbing woods are
more plenty, with some receipts of the
new clip from Kentucky. California
and Texas woods are in demand, and
taken as fast as received; but the latter
description is not plenty. Foreign
woods are very quiet, and only the low
grades are selling to aay extent.
Sales for the week have been large
and foot up about 100000 lbs, at a
range of 42a52c for fleece, and 45a53c
for the variOas grades of pulled.
S'rhe New. York Economist says proba-
bly, there never was q time when So
many sheep died as during the past
winter aud spring. Now, there is u
question here for serious consideration.
What will become of the wool from
these dead sheepi Will the farmers
sell it openly, aud just for what it is
dead unwashed wooli Or, will they
sell it Us they generally do. stuffed in.
side of their best aeecesf This ough,
to be well understood, that whoever
sells such wool inside of fleeces to the
manufacturing are subject 70 damages
thew obtained The wonIl mi,
stuans is a fraud and though il ma,