The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1874-05-15
rha Wool Prosnaot.

Fenno, Son s. Co., Of Boston have Issued
their annual Wool Circular, from which we
make the following extracts as of interest to
our farmer friends:
The course of our wool market during the
past year, except for the so days of the panic,
has been very uniform. Ohio x heeoes for
instance, opening here in July at so $40. de-
clining before August to As Soc. thence ad-
vancing and reaching by the middle of Sep
tember,52 54c., when the panic occurred.
and business on a credit basis being almost
suspended, q strong desire to sell for cash was
developed and sales Of good Michigan X feec-
es took place at Ale. and Ohio and Pennsylya-
MIA x and Xxx as low as 45c. After the mid
die of November business improved somewhat,
and prices gradually advanced 70 80 a SOC. at
which figures these woods are now Offering.
Unfortunately for manufacturers, wooden
goods have not recovered the depression re-
sulting from the panic, aud this has entirely
prevented the speculation which might reS-
sOnably have been expected, from the we'll
known short supply here OF most descriptions
of wool, for had the business Of the year con-
tinued as prosperously as it promised in all
branches, at the opening of the summer, We
have no doubt that the price Of wool to-day
would be much higher, and that we should be
receiving largely from foreign countries.
son almost empty handed, the stock of do
nestle fleece and pulled woods, all told, in the
Eastern markets not amounting to over 4
OOO 900 lbs. with but little back IN the coun-
try, old spring clip California all closed out,
small supply of fall, and probably not over
5000, 900 lbs. of Foreign. It is seldom that
stocks are as light as this, and as manufactur-
ers are but poorly supplied, the result cannot
but be favorable for healthy business in new
shipments of Spring California, and all other
domestic descriptions. The very unsatisfac-
tory condition of manufacturers, however,
must effectually oppose any excitement or high
prices and We regret to observe some symD-
toms OF speculation on the Pacific coast in the
new WooIs. This is doabtluss owing TO the
successful business of last season, but from
our standpoint we can see no legitimate basis
for higher figures than last year, and should
consider any advance over them liable to re-
action, but think all operations based upon
last seasons market prices as sound and good
for fair profit. This applies to all Western
Aeeces as well as to California woods and we
believe represents the sentiment of the ma
jority of the trade in the East. We do not
think anything will be gained by holding back
shipments this season, but believe that early
shipments will as usual, show the best final
result
The London Auctions commenced on the !
2Sth ult. with an Offering OF about io,OOO,OO0 !
lbs. mostly Australian, New Zealand and |
Cape woods and will continue about six weeks. |
Our latest adVices note decline OF one pen
ny per lb. on unwsshed woods suitable for this |
market, which would enable US to lay down |
here, choice fine wool, grading one-hslf to
full blood, at a cost secured Of from one dol |
lar to dollar and ten cents currency; and |
fne Montevideo woods, slightly bury, can be /
imported to cost 90c. secured. As the condi- |
lion of English manufacturers ia not very en-
,ourBging, we should not be surprised to see a |
still further decline in this London market, |
which would open the way for considerable |
mportations and effectually prevent any sd |
7ance in domestic Aeecss.