Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-04-17
xv,I,er brown &c Sons Monthiy
Wool Circular.

Wool Circular.
Apain we have to note duli ana 9n-
satisfactory month in the Wool eraue'
with n continued tendency toWaru low
or range of prices; SO tnat between ehe
era aa and the close of the month a
decline of from 8 to cents per pound
has been established.
The public sale held at our warehouse
ON the 9th was largely attended by man
nfactnrers. and considering the condition
of the market, the general result was
orite satisfactory to both buyers ana
sellers. The stock sold was nearly all
distributed among manufacturers tor
immediate consumption.
In regard to the prospects for the fu-
ture we can not see any probability OF
Improvement in prices, until the relation
between supply and demand has mater
ially changed. At the present time the
amount of stock for sale, exceeds the re-
ouirements of consumers for the number
of running cards, which, under the de-
pressed condition of the wooden goods
trade, has been for several months con-
siderably reduced. By reference to pub
lished estimates of the quantity OF WOOL
grown during the past few years, re-
spectiyely, it may be readily seen that
"a soon as, from any cause, the price OF
wool advances to extreme figures, the
culture of it is so stimulated, that only
one or two years are required to create
nm excess. The change is the more
rapid, because, while in the pasture the
flocks are multiplying, in the mill the
looms are stopping and almost before
the fact is suspended, there is surplus
the world over. Is not this the present
condition? The extreme rates OF 1871
caused great increase of tlocks every
where, in consequence of which the
amount Of wool thrown upon the mar
kets in this country during 1872, was
some 100000 of pounds more than
that received from every source during
1871. In the early part of 1879 the ef-
feet of this was materially felt, and the
tendency toward decline was soon fair
lv established Manufacturers were
generally fully stocked, many of them
having sent large orders to foreign mar
kets and wool producing countries, the
proceeds of which are still arriving from
Australia and London, where large
quantities have been held and delivered
as required. Manufacturers who have
thus been driven by high prices from
the use of domestic fleece to that of for
eign woods, find the latter so well adapt
ed to their purposes, that they will not
change back until domestic woods be-
come cheaper than foreign, for the rea-
son that the changing of one to the
other involves expense. Thus, much of
the domestic, which at fair prices would
have been woven into cloth, is still in
many instances lying in the hands of
farmers, who, unwilling in the season to
accept the high figure then prevailing,
will now be compelled to take much
lower rates, if they. sell at all.
The protracted monetary stringency
has not only promoted this decline, but
has prevented the reactions which fire.
quently occur during general change
of value, and although such manufac-
turers as have stopped work altogether,
or in part, will now, we trust, be en-
couraged to start their machinery again,
with fair prospects of remuneration, and
thus create more active business in
the raw material, yet we think it is
sound reasoning to conclude that in a
downward movement from so general a
cause considerably lower figures will be
reached before any permanent action
can take place. Market rates may not
change much for the next few weeks,
or until we approach the new clip, but
we believe that western holders of wool
will gain nothing, and may sustain addi-
tional loss by holding longer than is
necessary to obtain the fair current
market value. We would advise prompt
shipments and quick sales.
AS the season advances we shall be
better able to speak definitely as to the
prices which it may be safe to pay for
the next clip, and shall endeavor to give
the best information to all our western
friends, simply remarking now, that
they can always more safely RELY upon
the opinion of intelligent wool commits
sion merchants who subscribe their
names to what they may say, than upon
some of the newspaper market reports,
which, although not intended to mis-
lead, are often too carelessly or ignor-
antly compiled.
The following are the sales during the
month, as reported: 1927, 800 lbs.
fleece and pulled, 29@79c.; 76,500 lbs.
combing and fleece, 53@624c.; LOO
lbs. secured, 334@95c.; 1919, 900 lbs.
California, 18@46c.; 81, eco lbs. Oregon,
38@45c.; 285, 900 lbs Texas, 19044c.
426, 900 lbs. Cape, 334@41c.; 772, 900 lbs.
Montevideo, 35@414c.; 25, 900 lbs Ban.
ola Oriental, 23c.; 80, 900 lbs. Noils, 406
48c. $4,000 lbs. Colorado, 194@31c.
AS, 900 lbs. Syrian, 90, 900 lbs. Denskoi,
10000 lbs. Australian, 40@57c; 5000
lbs. Rio Grand, Soc, gold; 155, 900 lbs.
Mestiza, 263c.; 18,000lbs Mexican, 2Oc.;
$4,000 lbs. foreign.
Receipts of domestic wool during the
month were 3,461 bags and bales. Coast
wise: Texas, 35 bales; New Orleans.
119 bales, and other Southern ports, 2
bales. Total, 1856 bales and bags
The imports as reported are London,
etc, GAL bales; Liverpool, "a bales /;
Buenos Ayres, pa bales Buenos Ayres
and Montevideo, 1449 bales; Rio Grande,
81 bales; Vera Cruz and Havana. "a
bales; Taganrog, 1884 bales; Antwerp,
232 bales; Curacao, bales; Smyrna.
287 bales; Beyrout, 249 bales; Salt
River Jam, l bale; Trieste, 81 bales:
Montevideo, 40S bales. Total, 5000
halaa