The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1871-06-02
WHOIE NO. S44
From the Michigan Farmer.
WOOL.

We can say little this week beyond
what we have already written. The
furry that was created by the promise
of the introduction of the California
spring clip has all passed over. The
wool dealers at the East made no efforts
to make purchases because the manufac-
turers were there before them, and con.
sequently secured at advanced prices all
the stock that they could pick up. The
enhanced rates have proved a perfect
bonus to the wool growers of California,
and is likely to make that State increase
her production. Last year the wool
growers thought they were doing well
when their wool sold at % to "A cents
but this year it is stated that the advance
has been equal to 334 per cent, and
the same woods have sold at 81 to 81
cents. The wool.dealers at the East
are complaining that their warehouses
never looked so empty, or were so
thoroughly cleared of all stock as they
are the present season. Then again the
manufacturers have no stock on hand
of any large amount, and between the
two there must be very active de-
mand for the wool clip as soon as it
comes forward, and we look for very
warm competition. The manufacturers
will be in market through their agents,
and of course will be prepared to give
all that the wool will be worth, and
will probably take the whole clip of the
year so that the dealers will be with
out stock, for the dealers cannot pay
higher rates than the actual consumers.
AS we have said, the wool clip must be
sold at nigh rates, and there has been
no season in which the wool, grower and
the wool.consumer have been brought so
closely together as they will be this
year. We do not think, if we had
large and valuable clip, that we should
be in a hurry to place it first on the
market, and We should certainly read
the MICHIGAN FARMER, and watch with
care the fluctuations that are sure to
prevail. There will be ups and downs,
but it is very certain that no downward
movement can hold out long, for the
supply of domestic wool will be short.
The aggregate clip of the great wool
growing States of the West, will not be
equal even to that of last year, whilst
the consumption of wool, and the iu-
crease of machinery to promote that
consumption, is much greater. The
knowledge of this fact, and the expert
ence of the past year, must have its
effect on the whole wool trade, and we
look to see any fleece offered eagerly
seized upon, at very remunerative rates.
The foreign wool trade reports also
indicate that wool is likely to be very
firm abroad. The Europeon papers say
that there has been hardening tendency
in prices, and the advance lately made
has been maintained. On the Cont
nent, the report from the great wool
market at Breslan, indicate a very salts
factory state of trade, The demand
for woolen goods which was developed
at the great cloth fair at Leipsig, has
given quite an impulse to prices, and
there is general tendency upward, SO
much so that over 5000, 900 pounds
were taken out of the market to be re.
served for future sale at better prices.
Fine qualities meet with ready sale, and
the appearance of Belgian Austrian,
and French agents looking for stocks,
strengthened the market and gave con.
fdcnce to holders. The business is re.
garded as very satisfactory, and extern
sive enough to encourage dealers in al
grades.
This state of trade at this season
shows that foreign woods cannot be
thrown upon the American market to
any extent, SO as to affect prices, and
that our manufacturers must look to the
home supply as their most reliable de.
pendence for the raw material The
wool trade, therefore, was never in
more prosperous condition for the far
mers, and they hold the business in their
own hands, if they only understand how
to use it.
Sales in New York and Boston are
very light. In New York, No. = fleece
has sold at 81 cents, and in Boston the
sales have been 100000 pounds, among
which were some lots of Michigan extra
which sold for from 53 to 56 cents.
Unwashed combing wool sold at 90 cents.
For good lots of well washed Michigan
fleece of full and thee quarter blood
meriuo, it is likely the market will open
at full so cents Ordinary grade woods
will range from IS to 80 cents, aud
choice fleece may 90 even higher. But
there are not any of the wool dealers,
from Niles to Detroit that seem to have
any opinion about the market or what
prices will be. All seem to be waiting
for what will turn up when the time
comes, and the amount Of competition
that may be developed.
Uonld von iudoa AZ tb a la M "a TO-.