New-York tribune., 1872-11-14
WOOL RISING.

The wool market was exceedingly active
yesterday. Jas. Lynch wool broker said 10 reporter
The actual OF wool and wooen goods redueed 10
the raw material destroyed in the BOstonl fe VIII eA
ceed 100000 pounds The raw wool burned amounts
70 100000 pounds domestic and s,OocOo iorels" oP
the reception of the first information In regard TO TIE he
IL was believed that the wOOlen warehouses were ieo
stores but since been asoertned that some VI o
largest dealers had converted their private stores INTO
bonded warehouses. In one OF tDese 'he qu"i'"V
Of foreign wooi-Austrslian, New-Zealand ana
Cane of Good Hope-exceeded 100000 pounds
In tho bonded stores On Rowes wharf u
ia belIeyed that there 100000 POUNDS
in addition. All the houses dealing IN comesuc "oOi
shared the same fate. The Boston market requires
regular stock averaging about 100000 pounds 1ne
amount OF wool clipped in the United states III 1911 Was
pounds and the imports Of that stape equaled
7s.loOs9 poonds, giving total of 22i249oss pounds
The destruction therefore Of equivalent Of 4OcOoOOo
pounds equals nearly onefh OF the entire annual sup
ply This loss IN Boston must OF necessity DO supplied
from the Eastern ee Boston has long been regarded
IA the principal distributing wool market In thR cohn-
try It's weekly sales ranged from 100000 to 4csooW
pounds OF WOOL and the great mills winch TINS mstke'
suuped win b. forced to draw from New-YorB The
market ia very firm to-day, with advance upon sat
urdays prices Of from TO per cent The uguess OF
money which all merchants anticipate VIII have the
effect 20 check further advance AID perhaps 10 lower
materially the price.
At the establishment OF Walter Brown Co. many in
tesestingfdcts obtained. By tho Boston hre' as
the arm claimed sooOOOO pounds Of domestic, 100000
mounds Of California and 2s0Oceo pounds Of foreign
wool we're destroyed. This wo supposed to have been
oneeighh OF the entire clippings Of the United States
but the clipping Of this country b from eooo9 70 lvV
wocl n, the market and the faers have eng TO 1t IN
the hope that the price would nse mas ueSn EN- ;
natea u , s nsnas Iron of frmer Mr. Brown said
wool had already advanced spont 10 per per eeec Ssac
cansed by many heavy transactions that took place pre-
yious to the fire, especially IN tmtgh Ias 9Svern % ia
madam buyers proving that they coDld DOT get wool
from England more cheapy than from TINS county m q;
tue large foreign i@portstiens had been INSIDE II
SStn SCO .Sa aRS ssFs S9Os @ not t. but
advances and wOOIena DO not, tho mauuactuIeis VIII
%ss EigSt thousand bales Of hsnDels were eepsamed
at the IRE This has had the eject ot raising the
house fog the wooden mills OF NewEnfand and the iaD
aways immediately suseS S.. tbs s rs 70 70
without exception redStabshed Shsir business Rost
QUESTION OF rUrs". .--.es..a
W Hamilton OF Hamilton Co.. Jof No n worth-st,
] commission merchants raid, in part; Although tne
Rostou fire has dealt the real interests of the United
states great blow yet the real Injury has been greatly
exaggerated Undoubtedly the loss Of 30 much WOOL VIII
greatly enhance the stock now IN the nah1s OF ueheI
and will have tendency 20 stiaen Ins aSd demana
Previous to the fire there was surplus OF Wooens ID Ihe
market and the only matter thst retnaihs IN 9ouot
10 whether this surplus Will MI the vacuum maue by
The ro aud leave something over During ths past 10
nontss manufactures aud wOoen merchants nave NOT
been making money, for there mas oeen t09 nuoa
stock on The hands OF both IL they dispose OF s and
tho dealers can keep up with the machinery, she Wool
Harsef viii NOT suffer in the least. In Their dealings
ms,n ,reTchs1ts are especially worthy OF confidence
Ieing strictly honest They are IN the habit o. paying
cash for goods or buying on 10 days Hme instead Ot
49,. W. Sy T.,nths "a most merchants do Their paper
is CSnseduently readily taken up by banks and the
banks think viii be ~ heavy VeIs az Any one py INC
| fre. - 49,. .-,,, ,-,,-,, .voun
Information was obtained at prominent clothing
house 10 the effect that the Boston elothers were very
heavy sufferers, and that many OF them ~ouid SINK un
der the pressure they did not receive their insurance
in mil Thehead Of the nrm tad that the fire would not
afeet the retail clothing trsde In Eew-York IN tne
slightest degree There viii probably be no advance IN
tho price of Winter clothing