The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1874-10-09
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wo,l snd Eaeae-Ie7A

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The following western view q tie
wool markets. and prices, present and
prospective. Is from tie Milwaukee 5suy-
nal qg Commerce Of August 18Th:
The wool clip Of 1871 Is virtually ont
Of tie grover possession. and has been
more geuczaG.T AID more suddenly taken
up FOX eastern shipment than ever be-
fore IN the Whole history of tie western
trade. IL has been subject toI Ino1c con-
petition than was expected early 10 fiIe
season: eastern buyers for caster. deal
ers. eastern s1eoulators and eastern run
ners for eastern commission houses
80 called wed with western manulac-
tnrers and western dealers to put tAe
price OF the staple 20 point THAT atshould
preclude profit TO anybody, save it
might be one purely speculative, based
on a furuIe advance, or On the skill Of
the I-s dfacturer who shipped his pUr-
5irectto Lis mill. The result Of
ms competition has given to the honest
grower q price for lis wool far above his
early expectation.
As the growers hive taken tLeir choice,
and got their money, We row proceed to
trace the wool toward is destination.
About oue-third of the zip has been
bought direct Jy the manufactures
who could command the money 10 pay
for Il. which has been shipped directly
to their mills, only being subject to the
statistical process shipments and re-
ceipts" as It passed through the various
cities and villages in transit to its point
of destination. Another third has been
taken by eastern dealers Of undoubted
means and standing, either by actual
purchase, on joint account with the buy
CT, or on guaranty Of no loss to the ship
per. This has also reach its point Of des-
tination subject only TO statistical treat
ment aforesaid. The remaining third
now remains ia the hands Of western
manufacturers, or has been shipped to
irresponsible eastern commission houses,
who advance largely to western shippers
in June and July, only to slaughter them
largely ia August and September.
or this last third, not ov,r one-fourth
has gone 10 western manufacturers,
which leaves them abundaHtly short. II
they run after January /, 1875, they
must get their supply from Philadelphia
or markets further east, paying therefor
freight two ways, interest and percent.
commissions, Ola wool that las been
shipped from their very doors; conse-
quently, we expect to see wool rule in
Milwaukee and Chicago during the win
ter months higher than IN eastern mar
kets.
In the present aspect OF the trade,
and ia view Of the probabilities Of The
near future, we see no reason to ezPecta
decline IN wool, beyond what may tenn
porarily be effected by tie forced sales
Of a few houses who depend Tor their
power to advance on shipments, as much
or more On the LyPothccatien Of their
WOO for security ON their notes, than on
their bona fde capital or good mercan-
tile standing. such houses must sell,
regardless Of every interest outside their
own maturing bills payable We think
the facts as to the supply are as follows:
Bostog has a fair supply; New York has
less; Philadelphia not enough; western
mills short; eastern mills not overstocl-
ed The whole country short Of a years
supply, $4,000, 600 to 4O,000, eco lbs,
with no possible chance 10 import at
present prices to ill the gap. Money is
so abundant as to DE q drug in the east
ern cities.
Based on the foregoing facts, our opin-
ion is, that wooi VIII experience an hon
est decline, except under the influence
of Unforeseen circumstances, such as
the Boston fire or a financial hard mon
ey panic; and tIla5-after the weak rura!
shippers have been ieeced by their ;imid
Boston friends, who throw out the black
flag in time Of peace, and the white nag
in time Of danger, VINO quote and ad-
vance high il June and 5aIy to induce
consignments, and sell low in August
and September to save their interest,
commission ard advance-wool viii ad-
vance materially.