Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1871-07-13
Rise i'll the price 0fW0Oi.

I'm uncommon excitement rcrvalcs at pre-.
sent the usually quiet circle Of dealers in WOO
aud goods made Of wool in this country. The
cause is the sudden rise in the price Of the
staple which commenced some. six nr eight
weeks ago, and appears not as yet 10 have
reached it full limit Common Mexican wool
which used to sell at from Is To ~ cents i
pound, is selling at from 81 to - cents. Carpet
wools usually quoted at 80 cents. gold arc
held at BIZ cents. Cape woods have gone up
from s. to ~ cents: and what are called extra
hecccs. which arc standard in the wool niar-
kct like middlingS in the cotton market, are
quoted at from I'll to TT cents, a. against f. lo
80 cents six weeks hence. Even Shcarng<:
which are the short wool which grow on sheep
between the time of their shearing in the
Spring and their slaughtenng in the Fall. and
are used FIR making hats, sell ut 10 cents {,
pound instead Of - cents the old price,
TIE VARIOUS WnnLEN MANrrArrrEES
have responded Of course TO this rise in the raw
material. Carpet yarns have advanced from
81 cents per pound to IL cents per round.-
Two and three ply carpets are Us cent. dcarcr
than they were aGC, brussels, which recently
fetched : % per yard. are held at =! L.. All
kinds Of WOODEN cloth and clothing material
have advanced on Ill average In per cent. with
III upward tendency. The utmost activity is
manifested III the trade. The manufacturers
have orders ahead inr everything they can
make for several months to come. and. Is Is
usual, the fear of the retail dealers Of higher
prices still to come leads them t. rs.h IN aud
supply themselves 1t present rates.
TIE CAUSES OF THE RISE
are manifold. and it is entirely cxpIicablo &c
corllng to well known laws Of trade.
]. In the first place, the price Of wool has
boon exceedingly low for several years past, 50
that it has not been profitable in this country
to produce it, Hence our farmers have. to 4
large extent. sold of their sheep and raised
hogs instead The result has been that in
1869 the wool clip was 20 per cent. less than
it was in ISIS and in $50 ~ per cent less again
than in 1869 This alone might not have ma
terially affected the price, but other things Just
now come in to assist it.
=. The recent war in Europe created an cx-
traordinary demand for soldiers clothing, and 4
rapid consumption of it by wear: while at the
same time the withdrawal Of so mauy men from
labor diminished the production Of wool the
sheep being saug htcrcd Tor food instead Of be-
ing keep to shear:
5. The yellow fever in Buenos AyrcS has also
stopped the shipment for the present from that
port of the immense wool clip Of Brazil. This
cause will soon cease to operate. but for the
moment it is Us if Brazil were shut mt OF the
market altogether
T. Another element Il! work is the abundant
supply Of water this season, enabling many
mills to run constantly, which last year, owing
tothe drought We're stopped for a long time.
This practically doubles the demand Tor raw
wool
j. The great ease of The money market CO.
operates with the previous ca'lScS. and assists
he rise by furnishing not only the regular
lealerS but outside spectators with means To
ouy and hold large stock of wool and keep it /
,ut of tie market fm0ney were tight and |
nobody bought but the manufacturers. and they
,nly from hand to mouth to keep their mills
!oing, the scarcity Of the supply would proba,
,ly only cause slight advance in prices As
t is. there is tcveri>h desire to buy for a
i!nher rise AMI this .verv desire while K lasts.
rings about it, own arparent gratif CARTON
\. J. SIR. ssh @..'..