The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1872-05-23
New York Wool Market.

The New York Economist and D7y
Goods Reporter, in lengthy article
on the wool market, thus speaks of
the prospect of a firm tendency in
prices, and of the incoming crop:
The phrase ''between hay and grass''
expresses the present condition of the
wool market exactly. The old wool
has been used up and the new has not
come to hand. Farmers are busy
with planting, and no wool is vet be-
ing shOrn in the Central and North
ern States, except in Kentucky. In
| California and Texas the wool is now
all off the sleeps back, and a few
small lots have been shipped to New
York. The Texas clip is small this
year, and as the wool appears to be in
good condition, it will doubtless sell
about as fast as received. It is bring
ing from 55 to G0c.
The California clip is larger than
last year, and is being slowly bought
from the farmers by San Fran eisdO
dealers who hold il at high figGres.
Such lots as have come to market
have been short and mushy and are
doubtless no sample of the bulk of
AlAE NAANa II - GAAAIAoN0OA1 AAOaC Clf
that the staple this season although
sound, is short and that the fat feed
of the past Winter has charged it
more heavily with grease than usual.
It is useless to attempt to calculate
what the price will be, but we will
venture the opinion that what little
Ohio wool there is now on the mar
ket can be bought cheaper to-day than
the same wool can be laid down here
from Ohio six weeks hence.
In England, where in a much
higher latitude the equableness of the
climate permits earlier shearing than
here, the new clip is being sold at
from , to 5 per cent. above the closing
prices of the old. No doubt the same
thing will appear here IN due season.
In view of these facts the wool
market presents a quiet aspect at
present everywhere. The reason is
obvious: Old stocks are cleaned out,
and there is nut little desirable wool
offering, while the near approach of
our new clip of fleece wool makes a
bear almost of every one interested
in the staple apart from the farmer.
The decline in wool recently affords
no adequate idea of values. tits just
like the odds and ends of fancy WOOL
ems closed out every season, or it may
be owing to the interest involved.
All are more or less interested in
breaking the value Of the staple just
now, previous to laying in new sup
plies for the season. To effect this,
small parcels are sometimes forced to
sale at intrinsically low figures, and
these are given to the Press as prices
current, when the fact is the woods
offering are lacking in classification
and desirability.
Our manufacturer, therefore, are
wholly dependent on foreign woods.
Australian, Cape ard River Platte
are the selections most sought after,
but the latter has been the dolly
VardenU Of the trade until the shrink
age was found greater than anticip2-
ted, and prices dropped of little.
Cane woods, too, have fallen Oft In
price from the highest rates but they
are beginning to attract attention
this week, and are the cheapest woods
now on sale at 45c for good selections.
Nor could any desirable Cape be lald
down here below this figure, at She
present rate of gold.
On the whole our market was never
so scantily supplied with wool In
this season as it is at present, and the
same is mostly true OF the markets OF
the world. We shall commence the
wool year with stocks sold clean up, /
and farmers less anxious 10 take 75e /
for fine Ohio fieeces than they were
half a dollar last year.