The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1877-05-10

any greater extent When the war in
this country began We had no clothing
On hand for the large forces that were
called out and the demand Tor wooden
goods was consequently very large, but
/ In Europe the great powers keep we'll
prepared with equipments for their large
standing armies and also for contingent
needs in case of war We therefore
may not expect the war (unless it should
last q long tIme) 10 increase the value
of wool by a sudden demand for army
goods. We must also note that on the
9Th inst, there is to be sold at the Lon
don auctions an unusually large amount
oil fine woul-sbout $50, 900, 0OO pounds
nearly as much as the whole clip of tie
United States-and much interest 10 felt
"a TO whether state OF war will not de-
press the price Of fine woods AZ the sale.
Importers of Russian and Turkish woods
have been anticipating the war for go
long that they have for some tune had
q large quantity OF carpet woods stored
in New York with a sim lsr stock in
England ready for shipment 80 soon rs
that here is sold. Tbess facts and the
reported sale by 81 LOUIS house Of
large lot of Colorado wool at very low
figure has depressed all the Eastern mar
kets on carpet and blanket WOODS. We
look for reaction in them and ersdu-
I'll improvement in all kinds as general
trade feels the effect of a large foreign
demand Tor our breadstu1s and provis
ions. The outlook for wool is now q
"a, fnH ut FIJI
prices without violent fluctuations.
Sales of Domestic wool for tho month
foot up about 100000 lbs and the re.
ceipts are stated at 100000 lbs.
New York.
Pretty much To. ,am, old story is re-
peated by nearly the entire trade, upon
being solicited tor information rs to tho
state OF the market. The representation
of buyers is moderate and uncertain
and bids low ard cautious, with very
little stock handled for which an early |
and positive exhaust has not already |
been secured, and the attempt to induce |
manufacturers to anticipate their wants
has in great measure been abandoned
for the present as useless. Supplies on
hand are not urged to tree sale at rul-
ing prices, and here and there on good
samples the position is pretty steady, but
holders are not adverse to listening to
bids any where within the bounds of
reason. and frequently commerce nego-
tiations ut q comparative low range of
values. The movement in domestic
woods this week has been moderate and
confined mainly to California grades On
which value: are unsettled. Toe quality
Of the spring clip Is still complained OF,
some OF the samples proving very trashy.
Foreign clothin woods are slow, but The
demand for coarse grades contin
les good, and full prices have been OBJ
tanned.
The market has shown less actively
than last week, the sales o! clothing
woods being only about two-thlrds as
large. Prices continue to favor manu-
facturers except on low carpet woods,
which are higher on account of the
European war. The chief inquiry con-
tlnues to be for California wool. Lsrge
sales of the new spring are weekly
made by sample to arrive, tho lots bel G
shipped direct to the manufacturers
without storing. The quality of the
spring continues to improve steadily as
larger proportion OF No,hern arrives.
There is now no old spring in the mar
ket.
Fine woods are scarcely so firm as a
few weeks ago. This Is because of the
pressure hanging upon the markets all
over the world, by the immense sale OF
colonial wool, mostly fine and medium,
to take place at London next week. 1t
is believed by many that enough of do
cline will be established to induce pur.
chases for America The higher
premium on gold is one adverse feature.