The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-08-06
WOOL.
The Philadelphia Wool Market.

PHILADELPHIA, August 3.-There has
been further hardening OF prices
throughout the list, and although the adj
vance can scarcely be called speculative
in it. character, yet there is manifest
Willingness to take up large lines OF de-
sirable woods whenever they can be Sc
cured at the bottom quotations of the
market. 1t is generally admitted that
the range of values must be higher before
it can be lower, and the almost universal
recognition of this fact inspires degree
ofcOnfdence, among even the most con-
sentative operators, which scarcely any
other combination Of circumstances could
elicit.
The specific causes which have lead to
this condition of things were pointed out
in last weeks report, and each days de-
yclopcmcnts tend to demonstrate the
truth of the propositions therein adopted.
II is evident that the improvement IN
wooden goods is by no means such as to
warrant the existing condition Of the
wool market. Hence we must look else
where for cause, and find 1t very salts
factorilv in the facts recent Y enumerated
and which it is not necessary now to re-
peat.
The movement in Ohio West Virginia
and Pennsylvania fesces has been such
as to produce an advance equivalent on
the average to lc per 10.
Michigan, Wisconsin, New York and
Iowa woods are also held more confident
ly at an improvement of about lC per ID.
L I'd nl,
The pile in Messrs Whildin's store. al
luded to last week, has been sold at
figure very much above the original ask
ing price of the lot when first opened.
There having also been sales for about
$4,000 lbs at 57(G59c, and one small par
eel, largely mixed with wheat, at about
j2c. The receipts have fallen of, and
choice lots will now generally be held
for zoe.
In pulled wool there has been very
little doing, but prices are strong and
tending to higher level. Sales of old
mrrino at SOC, and of 10000 lbs August
pulling mcrIno on private terms.
Domestic unwashcd woods have con-
tinucd to attract attention, and have
changed hands to the extent of 100000
lbs at 3jG 37Ic for fine, 3SCa,39c for me
dunn. and 35(G36c for low. Straight,
blood. can be had occasionally at Csc,
but the bulk of the stock is now held
firmly at Zoe.
In combing flceces the transactions are
considerably in excess of our weekly av-
crage, aggregating about 10000 lbs of
all grades, together with some fair sized
parcels of dclaine style.
The movement in Colorado has been
heavy, improved washed bringing soc;
white washed averaged % to pc, and
black 10 to 20c. The receipts have been
about as usual, and in view ofthe current
prices of Mexican and Don.koi woods
which come into active competition with
low Colorado, cOnsignecs here think that
prompt sales will prove to be the true
policy.
In foreign clothing wool there is moth
inc to say. but is confidently predicted
that the opening of the next auction will
develop increased strength AS the result
of active competition. Should such be
the case there can be no doubt but that
domestic woods will'be further stimulated.
The receipts, owing to some inexpiIea-
BILE cause, show n violent and unexpected
falling of, being for the week onl Y l,4l3
bales, against 9,2S5 bales for the pre-
ceding week. and 1897 for the corre-
spending week in 1873. For the seven
months ended August Isl, they are 9'4o2
bales. against 1886 bales for the c"rr'-
spoudng period last year.