The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-11-23
" BOsrON,s BURNED wool


Owners Run on Half Time Tn Or.
der 20 Raise the Price OF Winter
Overcoats and Blankets.
From the N. Y. Herald.I
AS a great many exaggerated reports
have been published Of highly sensa-
tional kind Of the estimated quantities
Of wool which have been DESTROYED in
Boston. in the late great conhagratiou'
we are induced to publish the following
facts to show those interested in the
important staple how little reliance can
be placed in the stories which specula-
tors have circulated. 1t has heen
claimed that the loss Of domestic wool
was from 7,OO0,OO0to 100000 pounds.
The clips OF this country for the past
three years, according to the carefully
prepared statistics of the United States
Government, have been as follows
1870, l00,936,S25; 1871, 95,609,0O7 /;
1872, lO9,S4O,35S.
OF this quality there has been re-
ceived at the three principal Eastern
markets-Boston, Philadelphia and this
city.-up to this date on each Of these
years the quantities as helov :-lS7O,
74S2022l pounds; 1871, S3,5l3,S0O
pounds; 1872, 1895, 2a0 pounds.
These figures are reliable, having
been accurately kept from daily reports
of arrivals at each point over all trans
portalion lines.
OF these total receipts at the United
States seaboard for 1872 there went to
Boston Il ,096, POO pounds. The stock
Of dom este wool in Boston on January
|, 1872, was 1 100000 pounds. making
total of 81, 1876 POO pounds available
for sales during this year, and, although
the sales there have been reported dur
ny the past ten months to be from two
to four million pounds each aud during
the last five months they have averaged
two and a hal millions per month, 1t
has been confidently asserted in the
interest Of the spectators in wool that
there remained about seven million
pounds in stock IN Boston, which was
consumed.
There can be no doubt but that the
facts were stated in the circular OF awell
known wool merchant OF that city,
under date OF the 18th Of October last,
when he said There is scarcity Of
fleece wool and straight lot is difficult
to find at current rates, the purchases
the past two weeks having cleared the
market of all the available lots OF fine
heeces'
Owing to the disappointment OF the
wool rai-ers in the country at not being
able to obtain in July and August last
the prices expected, very large portion
OF the farmers did not sell their WOO,
aud careful estimates made latel y in the
principal wool growing States show
that there still remains in the hands OF
the farmers and the country storekeep-
ers at least thirty to forty per cent of the
entire years clip. The receipts at the
Eastern markets, a. given in the table
above, amply confirm this statement.
We are, therefore, forced to conclude
that the statements which have been
widely published, that from 100000
to 1900 900 pounds OF domestic wool
were burned at Boston, have been wild
exsgrerations Of some wool spectators
to stimulate and excite the market, and
the truth is that there was no stock
there burned up, even much less than
the average supply, and not more than
two million pounds at the most.
The foreign wool in B pston, having
been mostly stored in United States
bonded warehouses, outside OF the fire
district, has nearly entirely escaped
from the conhagration, and it is coDsld
cred by fair judges that two million
hounds would cover the small quantity
OF bonded wool and the sample lots in
owners stores which were actually ie-
stroved. Besides, it is being ascertained
daily, now that the first excitement Is
over and the debris is being carried
awav. that there is a large salvage Of
this as we'll as other kinds OF merchan-
disc in the burned districts, and the
streets in Boston which were princi-
pslIy occupied by wool houses for the
mast few DAYS have been blocked up
with WOO! bales, blackened and charred
on the outside, but whose contents on
opening are found to be in good condl'
ton. g
I No doubt a very large quantity Of
wool will vet be found when the ruins
are all cleared away, which had hereto
ore been considered by the owners as
entirely DESTROYED. With the importa-
lions OF wool TO date this year, about
2l 600 900 pounds in excess OF those OF
last wear for the same time and almost
double those OF 1870, as shown by the
statements below, and with the actual
loss o. foreign wool by fire in Boston, al
the highest estimate OF the falres'
Judges in that city, about two million
pounds, equal to about eight hundred
thousand pounds clean wool, 1t is easy
to place a proper estimate on the loose
stories abroad of the vast reduction o
the wool stock OF the country from the
late fire.
Importations of wool to date each
wear: 1870, 4S,660,579 pounds; 1871
74,5O2, AT pounds; 1872. 95,24S'o2l
pounds.
Already these desperate Speculative
Efforts have turned the serious attention
Of manufacturers throughout this State
and new England to the best way o.
meeting such ruinous attacks on thell
interest, and the subject OF running or
half or three-quarters time is beng
d 'scussed as the best course o. proceed
ing ,,h,
present excited tendency of the WOO
market is simply the result OF the base
less statement Of a greedy ring o