The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-06-09
FINANCE AND TRADE.
Wool Markes.

i, AtJt Wool market. ili =
+ A-'ss--''--@-- IN wHEELIye. 2. -.-- = 49,,
Dealers are offering 40 cents for choice
clip in good order, well washed and
properly handled. Growers are not selling
freely, hoping for better prices aftera while
The reports from Eastern markets are mol
encouraging for an advance. Neither deal
ers nor manufacturers have made any
money during last years operations, when
A cents was paid, and with gold fully .hf-
teen per cent. lower than al this time last
wear. which of course Win enable a larger
amount of foreign woods TO come In. We
cannot see ON what ground our growers can
base their views Of an advance. --
Growers complain that they are not
making any money at the prices offered.
Whilst we cannot deny this, they should
remember that every other branch of in
dustry and commerce Is making the same
complaint, and they cannot expect any ex-
emption from the general rule We are
anxious to see our growers get the fullest
prices, yet We suggest that the experience Of
several years past has been that the early
sold has been the best sold, besides the
saving of the loss Of weight and interest on
the money. Our judgment now Is founded
on the condition of the market in New
York and other prominent points, that
wool cannot possibly reach the figures of
last year. II anything shall occur TO change
this opinion, we shall be prompt to let our
readers know il.
IN NEW YORK.
There has been q trifle more animation
in domestic during the period under review,
says the EcU,0nia, but at slight concessions
to buyers, most holders being anxious TO
close out stocks before the new clip makes
its appearance. Consumers have directed
their attention mainly TO California, In
which there has been comparatively good
trade. There have also been considerable
sales of foreign Carpet Woods, but the par
ticulars have not TRANSFERRED. There appears
to be no disposition among dealers or man.
ufacturers to compete so sharply In the
country for the new clip, as has been the
case at the opening OF the late seasons.
Such competition has been found. in the
long run, to be losing game to all con-
cerned, except the farmers, and there Is,
therefore, q strong probability that the old
order of things will be restored. IL Is eX-
pected that new Fleeses, from the the mid
die and western States will open about &c
below the current figures for old wool.
The sales were rs, 600 ms fleece at 4O95Oc, in
Guiding extra Ohio at Ala &c, double extra
do, I7ta5Oc State, 449I6c; 4iGI11zc for Michi-
gan: 67a7Sc for secured, and some heavy
western at IOti2c; also, 5000 It's pulled at
SIC for lambs, 2S9SOc for No. /, and 4Oc for
super: $1,000 lts western Texas, at l1@3Oc,
and 5000 lbs at 21@:}c for good to extra;
10000 spring clip California at E@ac for
free of burs, and 22(l25c for bury; 22;,OH lbs
fall clip do ut 21Ia(s25c; $500 lbs secured Mex
lean at 2sCd3Oc; 500 lbs Mestiza pulled at 45@
6lc; 10000 DIS upwashed African ana So,OU
Ms cape on private terms.
Imports, from January | To May 81, 1870:
From foreign ports (bales) ....."...........l 3GS
From coastwise ports tbaleSl.
Total Cboles, Ili6
Same time 1863.
Walter Brown * Sons circular says the
wool trade has continued very inactive
the month, II being probably
the dullest period we have experienced for
ten years. During the past fortnight, now
ever. the views OF buyers and holders nave
seemed to coincide more closely than mere
tofore, owing TO considerable concessions
made by the latter with Il view To closing
out old stock, and woods having been NOV
ing more freely at the reduced rates. From
some sections in the west, we hear OF u Eili-
ing off in the clip, but Ii IL generally re-
ported to be fully up to last year. Any de,
v.
probably be supplied by the large increase
in California and Texas; in the former
woods of which there have been recent
large arrivals, we notice great improve
ment In the character and condition, ana IL
is beyond doubt that these woods are be-
ing used very extensively in lieu OF the cor !
grades of domestic fleece.
Our adviceS from Europe speak OF
slightly improved tone in fine WOODS, but
prices have generally ruled low; and should
we have further decline in gold, or ma |
terial Improvement in our own staple, there
would be a margin in importing woods from
the English markets. The trade for medium
and coarse woods will probably be some
what regulated by the demand for combing
and De Lane selections. The consumers OF
this class OF stock, owing TO the low price in
foreign markets, have been able to supply
n large part of their wants with English
wools and these can now be brought into
our markets at a cost of 536 55c. which would
Indicate for our domestic combing decline
of SalOc from last years prices. Pulled
woods have been In large stock FOR some
time past, and holders feeling anxious to
realize made up their minds TO accept
lower range of prices. This concession mas
given more activity to the trade, and sew
eral large sales have been made at present
quotations.
The following are the quotations for Ohio,
West Virginia and Pennsylvania woods:
Choice selected SaXony fleece, o9@6Oc;
SaxOny fleece 4Sa52c; three-quarter and
fnIl blood merino, 46GI iSc; half-blood fleece,
ilGI 4Sc: quarter-bloOd fleece, i3g i6c; com
mon fleece, l2giic.
IN CINCINNATI.