The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-08-11
ACHsCs,TVRAL DEPAnTMENr
New Work Wool MARKET.

branch Of business calling for extended re-
marks There continues a good enquiry
for domestic ilceces and all medium grades
of light shrinkagc woods, yet the market is
far from being active. In fact, it is com
paraiivcly quiet but It is nevertheless strong
and buoyant for nearly all descriptions,
except some woods that have been selling
or held at intrinsically high figures.
Under more liberal receipts the market
now presents a good assortment of domestic
ileeccs. Most of these have been selected
with mitch care and are very handsome.
The lofts and store-houses of the principal
houses now begin to look more like former
times. when good selection was always
available and on hand, but the losses sus-
tanned owing TO rapid fluctuations in prices
and various other causes of late years, dis
heartcncd the trade, and capitol sought for
other more lucrative investments The
panic of last fall had the effect to lepress
the market to such an extent that afterward
it was regarded that any improvement
trade recovered from the effects of the
financial revulsion the wool market has ever
since been gathering strength, although at
no time have wooden fabrics met with a
good or ready sale. 1t is known, however,
that raw material is in short supply, and
hence the strange anomaly of high prices
for wool and low rates for woolens. This
must, of necessity, regulate itself after
while when the season progresses and the
demand for textiles becomes more urgent,
else the trade must ignore facts and set at
defiance the regular laws which govern
prices and trade. Woolens are not in over
supply, especially fine fabrics and anything
meritorious in good styles and patterns
meets with fair demand at good enough
prices. But nevertheless, the wooden goods
market lacks animation, force, snap. Goods
ought to bring better prices in the cstima-
ton of the producers, and until they do so
they are extremely careful not to load
themselves down with wool at the extreme
prices prevalent. Producers as well as
wool dealers are pretty well convinced that
later in the season the staple is likely to
reach a much higher altitude, but the ine1tM
operating extensively, They prefer to run
the risk of higher prices if circumstances
warrant and pursue the "hand to mouth
policy of purchasing according to urgent
necessities.
1t is well known, we think, that seyen-
eighths of the entire wool clip of the
country has passed from farmers hands at
very full and satisfactory prices. The low
and short woods of California and Texas
will cost the producer an average of about
eighty cents for the secured pound, some
will cost eighty-five cents, and not Il little
ninety cents. And yet a great portion of
| these woods are only adapted for backing"
purposes. No one now objects to pay one
dollar or one dollar ten cents per wound
| for fine ileeces. Yet not many years ago
siXty-fiye or siXty-three cents per pound
was considered "A good price for the
secured. Our farmers did not complain
then, when they had mortgaged farms, that
sheep raising and wool growing were I'M
| profitable.
II ID Il IlllN illdt NV dtteItlOll VI luIultlS
cannot be rivcted to the fact that they are
getting from SOC. to 81. 10 per pound for all
the low and fine woods grown on the soil
If they would but give this matter little
serious attention, we think they could not
fail to observe that wool growing is more
profitable business than many of them
think it is. Now there is a little more than
a seven months supply of wool ever raised
| in this country, and until farmers 90
earnestly to work and supply this delicen-
cy, they have no reason or cause to object
! il producers clamOr for more wool and at a
price that will cheaper the pound of goods
and thus give the people cheaper woolens.
The farmers of this country keep on an
average only about nine sheep each, and
the product of this little flock is of but
little consequence alongside the "long bill''
for woolens which each family consume in
the year
The market fer domestic fine mot fall as
the types made it last week. lleeces is
moderately active and buoyant Medium
unwashed western ileeces and Texas woods
are also sought after, and prices are very
firm with an upward tendency. California
woods remain quiet, being short and gener-
ally OF heavy shrnkage they are considered
high at 32la36c. for spring, which shrink
perhaps from 60 TO 80 per cent. A large
sale of 400 to 700 bales reported sold in
Boston last week, was finally rejected The
same purchaser has we believe bought 400
bales of California spring in this market,
although the particulars have not been dis
closed here, but nevertheless sight at the
contract in Boston reveals the fact. For
the present we are not disposed to disclose
the price, but would say that all California
wool was bought too high to be sold at
anything approXimating cheapness. Pulled
and lambs wool are in limited supply and
are firm in price.
Foreign woods are in light stock and are
held with confidence, but are in limited de-
mand at the moment.
lBy Ocean Gable Dispatchl
ANTWERP, July 90 1874.
To Mcssrs. G. +. Moore d Co., Boston
anG New lork.-Antwerp wool auctions
half-pcnny lower.
The same firm have received another
Geographic dispatch through the cable,
dated
LONDON, July 2S, 1874.
Auctions of River Platte sheepskins one
TO one and one half-penny I'D n I'D
higher II. w. RONALD IL Son.
The sales of the week embrace 90, 900
lbs. medium and fine Duchess county
fleeces at 5j q 56c. 10000 lbs. X choice
Ohio, at 55c:i 1000 lbs. picklock, at Goo
$4,000 lbs XXX and piclllock, on private
terms $4,000 lbs medium Ohio, at 53c.
1000 lbs. medium Wisconsin, at Bee;
2o,ooo lbs. do. on private terms $4,000
IDS Wisconsin fleeces, also on terms we
cannot disclose 10000 lbs. X Wisconsin
DO. at Doc; 10000 lbs. light medium UNI
| washed Indiana do. at 40c.; 900 lbs. do