The democrat. [volume] (Weston, W. Va.) 1868-1874, 1872-12-09
NO.. %.
wool Bnrned IN BOSTON.

| AA BTeht tHuHy GAuRRbIulGu IePuIb nav
been published Of a highly sensational kind o
the estimated quantities Of wool which hav
beOn destroyed in Boston, in tho late great cOu
AIgration, the New York Herald has published
tho following facts to show those interested II
this importnn. staple how little reliance can b.
placed on the stories which spectators have cir
cula,ed. II has been rlamed that tho loss o.
domestic wool was from 100000 10 15,00O,.
600 pounds.
The clips OF this country for tho past three
yeas, according TO the carefully prepared sta
IisIirs OF the United Shtrs RONe nment, have
hesn as follows ;--lSiO, l0O,08G, S"5; 1871,
05, ,GO9, ,0O7; 1879, 100, $40, ,35s.
OF this quantity there has been received at
the three principal Eastern markeis-DOston,
Philadelphia and this city-up to this date on
each OF these years tho quantities as below -
1870, T,S2O,92l pounds; 1871, s3,5l3, 500
pounds; 1872, I3,9s5,2U0 pounds. These
hguTes are reliable. have been accurately kept
trun daily reports Of arrivals at each point
over all transportation lines. OF these total
receipts at the United States seRbnrl for 1872
there went to Boston 17,O0G, 200 pounds. The
stock Of domestic wool in Boston on January
|, 1872, waI 4,iO0, 600 pounds, making a TO.
tai Of q, 400, 200 pounds available for sales
during this year, and, although the sales there
have been reported during the past ten months
to bS from two to four million pounds each and
during the last five months they have averaged
two aud half millions per mOnth. II 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 DO no doubt TINT
the facts were stated in the circular Of we'll
known wool merchant Of that city, under date
Of the 2Sth Of OctObGr last, when he Sald:-
"There Is scarcity of fleece wool and a
SmiGht LOT Is difficult to ini at current rates,
tho purchases the past two weeks having cleared
the market Of all available lots Of fine ilceCeS.
Owing to tho disappointment Of tho wool
raisCrs in the country at not being able to OBJ
tain in July aud August las. tho prices ex.
pected very large portion Of the farmers did
not sell their wool, and careful estimates made
lately In tho principal woolgrowiDg States
show that there still remains in tho hands Of
Tho farmers and the country Shopseepera At
least thirty to forty per cent Of the entire years
clip. The receipts at tho Eastern markets As
given in the table above, amply confirm this
statement. WeRtc, therefore, forced to con.
clude that tho statements which have been
widely published, that from 7,0O0,0O0 to 10.
900, 900 pounds Of domestic wool were burned
Ut Boston, have bQen wild eXAggerNtions OF
somO wool spectators TO stimulate and excite
tho market, aud lhat the truth Is that there
was no stock there burned up even much lees
than the average supply and not more than two
million pounds at the most.
The foreign wool in liosion, having been
mostly stored In United States bonded waro-
houses, outside Of tho drc district, has nearly
entirely escaped from the conAAgraIiOn, aud 1t
Is considered by fair judges that TWO million
pounds would cover tho small quantity Of
bonded wool and tho sample lots in owners
stores which were actually destroyed. Besides,
il Is being asrertained daily now that the first
excitement Is over and tho debris arc bting
cleared away, and there Is large salvage Of
this rs well as other kinds Of merchandise In
the burned districts, and the streets In Boston
which wotc principally occupied by wool
houses for tho past isw days have been blocked
up with wool bales, blackGnpd and chArred on
tho outside, but whose contents on opening are
found to DO In good condition. No duub u
very large quantity of wool will yet be found
when tho ruins ArO all cleared away, which
had heretofore bccn considered by The owners
al entirely destroyed. With the imprta,iOnS
Of wool 10 date this scar, about twsnty-one
million pounds in excess Of those OF last year
for the same time and almost double those Of
1870, as shown by the statements below, and
with tho actual loss Of foreign wool by fro In
Boston, at the highest estimate Of the faireSs
judges in that city, about two million pounds,
equal to about eight hundred thousand pounds
clean wool, 1t is easy TO place proper csti.
mMe on the lOssC stories abroad Of the vast
reduction Of tho wool stock Of the country
from tho late fire.
TmportatiOus Of wool to date each yoar:-
1870, 4S,G6O,670 pounds; 1871, 7l,iO2,lT7
pounds ;-lS79, O5,g+S, ,02i pounds.
Already these desperate speculative efforts
have turned tho serious attention Of manufar.
turars throughout this Stats and New England
to the best way Of meeting such ruinous nj.
taekS on their interest, aud tho subject Of rult'
ming on half or Ihree.llartCrS timO Is being
discussed as the best course Of proceeding.
There can be no doubt but shat the present
excited tendency Of tho wool market Is simpy
the result Of tho b4selUss statements Of q
greedy ring Of spcculators, but 1t seems TO be
equally certain that there is an ample stock UI
both foreign and domestic wool still ID the
country, which manufacturers can again buy,
bsfOle their necessities for making spring good
press them, At prices which will be SatisiartoT!