Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1873-02-13
walter Brown & Sons Wonthiy
Wool Circular.

Wool Circular.
The opening of the new year has been
looked forward to, by the wool trade, as
a turning point IN the long continued
and unsatisfactory period of dizziness
which has prevailed for so many months.
II was thought that relief from the ex-
treme stringency IN financial circles,
from which all mercantile branches have
suffered throughout the summer ana taii;
would give an impetus to the cur.ehe oi
general business, and holders OF WOOL
anticipated with sanguine hopes, an &C
tive and steady demand which would
continue during the remainder of the
season. They have, however, up to the
present time been disappointed
The month in review began with a
quiet market and limited demand from
manufacturers, and has so continued,
with increased dizziness toward the close,
and disposition on the part of holders
to make slight concessions in price in
order to meet the views of buyers.
With the meager supplies of domestic
woods, and the very small orders that
have gone abroad for foreign purchases,
1t would seem that there could be no sur
plus for the next few months. Never
theless, in spite of their small stocks,
buy, except for their immediate wants,
and in the absence of any encourage
ment from the sale of their productions,
many are stopping portion of their
machinery, or running on short time
thus curtailing both the consumption of
wool and the manufacture of goods.
Such course would apparently tend to
improve the condition of the dry goods
market; but it is doubtful whether it
would create any material decline in the
price of wool, az the importations for
the coming months will necessarily be
regulated by values in our home mar
kets.
All our recent advices from Europe
indicate healthy condition of trade in
those markets, with firm prices; and
there is every probability that the pres
ent values will be maintained at the APP
preaching sale of colonial woods in Eng
land, when the offering will be lest than
it was year ago.
There is little doubt that the past year
has been an improbable one to many
manufactures, the result Of which, to
some of the weaker ones, is apparent in
the several failures which have occurred
during the past three weeks. 1t is not
unlikely that some others, who have not
abundant means to meet the reYerses of
the past twelve months, will be obliged
to succumb, and the wool trade will I'M
doubtedly use much more discrimina-
tion than heretofore, in giving the long
credits which have so unWisely become
prevalent of late years.
In view of the present and prospective
condition of the market, we don't think
that those who have woods still in the
- 1,ryh OlJ itfCr
for advanced prices but we are of opin-
ion that the wisest course would be for
them to send forward their woods, and
have them sold as soon as a favorable
opportunity occurs. The probable large
increase in this years clip, all over the
world would indicate a much lower
range of prices next fall, which must
either be reached by sudden decline
after the clip is marketed, or by grad
ual depreciation during the spring and
summer.
Pulled Woods. - Well handled and
choice conditioned lots of long super
have been in small supply, and have met
with ready sale at full rates. Irregular
and lambs woods are neglected, and
show falling off from previous q1ota-
tons.
Texas woods are in good stock, with
light demand. EasterR woods are firmly
held as being desirable to fill the def
cheney in the supply of fleeces. West
ern Texas are neglected, with yielding
tendency on the part of holders.
California and Oregon woods haye been
generally quiet, although some large
transactions have been effected at a con-
cession in prices.
Foreign woods have been in moderate
demand, but the disposition of import
ers being to reduce stocks, they are
offering at decline from last months
figures.
The following are the sales during the
month as reported SS7, 200 pounds
fleece and pulled. 85a87c. II, 900 pounds
Noils, 624c., G54 bales do, 43c. gold,
4S,500 pounds secured, 35@1. 02; 70, DOC
pounds combing, 35@90c 10000 pounds
western wool, 25c 792'500 pounds Cali
fornia, 21@40c. $4,000 pounds Texas,
e6@465c.; SO, 900 pounds Oregon, 54k@
6lc 500, GOO pounds Cape, 29@423c.
10l, 900 pounds Australian, GOOSE. AZ
bales New Zealand, $4,000; 64,0 0(
pounds Mexican, 28@35c. al, 00(
pounds Montevideo, 339@46c. 49, 0(
pounds Mestiza p. t.; $4,000 pound.
American, 423c. $4,000 pounds Abudia
p. t. 10 bales East India 10000 pounds
Scutari lambs; 40 bales Syrian; 25(
bales Donskoi; 100 bags Maracaibo, 16@
TIC Total, 8, 422, 800 pounds.
The receipts of domestic wool during
the month were 6,234 bags and bales
Coastwise California, 100 bales; Texas
812 bales; New Orleans, 872 bales
Savannah, Z bales: other Southern ports
10 bales. Total, 1889 bales and bags
The imports as reported are; London
N%n r = ~
Lars bales Liverpool tx da3 bales Ham
rog, 2,475 bales; Annoy etc, 1878 bales
Algoa Bay. 2161 bales; Curacao,
bale; Maracabo, bales; Jamaica,
bales; Vera Cruz and Havana, SO bales
Total, 8, 40S bales.