The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1871-06-16
This Sheet is "a SUPPLE
MENT to the OCTAVE.
From the Michigan Farmer.
U'VCL Avn PRICES.

the Eastern market and the urgent demand
from manufacturers, however, 1t Is probable
that values will start ully as high as last year
namely, 35@40c for good coarse grades. The
season opens auspiciourly, a. regards weather
ana 1t ls hoped that it may SO continue to the
end No new wool has yet been offered in his
city.-trom the Detroit Post OF May 3Oth.
We confess we were a little surprised
to find such a paragraph in any Detroit
paper at the present time. For the
past six months it has been evident to
every one who has given any attention
to the wool market, to the steady and
'sureconsumption Of wool, to the newt
able decrease in the number of hocks
of sheep in the States west of Buffalo,
with the exception of California, to the
prices that have steadily advanced month
after month, till they have reached the
present extreme rates, that the opening
prices for the clip of Michigan must
necessarily be much higher than those
Of last year. TIE Post says that values
will s,art fully as high as asst year"
Why every clip in the State ought to
open at fully 9 to 10 cents per pound
higher than the prices that were paid
last year, and for good coarse grades
in fine order the range of prices ought
to be nearer soc. than either 80 or 40
cents. Even The unwashed rough wool
Of Texas is quoted in the New York
market at 30 to 40cts., and very, rough
lots OF the same kind Of low.prlced
American wool was sold last week for
- to 35c. per pound. The unwashcd
spring clip Of California wool that is
now coming forward, and Of which three
pounds are reckoncd as worth to the
manufacturers about two Of the clean
light feeces Of medium and fine grade
Michigan woods, is quoted in New York
and Boston at 3S! to I0cts. TO tell
our farmers at this season of the year
that Their wool clip is worth only from
30 to 4ects, is u bad error on the part
OF the press, and it should be corrected
at once.
The increase Of factories, the large
demand for goods for consumption, the
decrease of sheep growing, owing to its
risks, and the amount of care needed to
keep up the hocks, aud to prevent dis.
ease, the frmness Of Congress in keep
ING up the tariff, the enhanced prices of
Australian, Cape, Brazilian and other
foreign woods, have all combined during
the past year to cause the prices of wool
to advance; and they have advanced
till the rates now paid are fully % per
cent. better than they were at the cor.
responding season Of 1870. Last spring
the very same amount of ignorance on
the part Of the eastern press, which af
firmcd that the large clip would neces.
sarily press itself forward and eastward,
caused the eastern buyers and manutac-
turers to keep out OF the market. The
articles from the Boston aud New York
papers which contained their erroneous
impressions with regard to the wool clip,
were seized upon by the equally unin-
formed press of the West and copied on
every hand. The result was that the
manufacturers and wool dealers staid at
home waiting for the wool to come in
with rush. But it never came and
they did not buy it at their own prices.
The wool dealers at the west saw it was
their opportunity, and having no COM
petition they were able to buy at low
rates, and generally at their own figures
The wool at these low prices passed out
of the hands of most Of the wool-grow-
ers into the hands Of the wool dealers
BY the first of September the specula-
tors had it all in their own hands. Then
it was discovered that the clip was short.
then wool began to rise, then the wool
dealers made nice profit, and then the
wool.growers and the manufacturers and
the consumers began to see how they
had been sold by wrong impressions on
the part of press which had no partic-
ular interest in the farmers. The Men.
IGAN FARMER did what IL could to check
the effect Of these impressions, and was
about the only paper in the West that
actually fought for the wool growers on
" that line allsummern For last the
twelve months, our files will show that
we have foretold with remarkable pre-
cision the state Of the market that now
prevails, aud we notice that our COM
ments have been copied and printed,
with and without credit, everywhere as
being correct, The result has been that
a large number of wool.growers who
were subscribers aud readers Of the
MICHIGAN FARMER reserved their clip,
and have only sold lately, making an
advance of ID cents, and getting so and
SO cents for their wool instead Of So
and 81 cents, the prices prevailing at
last seasons clipping time.
SO far as prices are concerned, there
has been no change fer Che pass week.
The firm tone of the market and the
want of stocks keep ~ prices cash and
west. We note that IN Boston sale
of 5000. lbs quartor.blo.1 "iehi4n
fold for 53c. Double cytra Ohio sold
at 57@5S. In New Yori, II IS cviaent
that prices are higher than qga.eliors,
as most of the sales arc reported ON
private terms" Good medium OHa
fleece sold last weel. at 5;e. Double