The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1878-06-08
oOl,
Steubenyllle Gazette.

Although there have been scattering
sales ot WOO! here snd there II can hardly
be su'd that The markc; has yet opened
throughout the fine wool region OF this
section. As usual in tie spri x, for the
past two months the price OF wool has
been gong down, down, down IN the
Eastern market, until now il is 80 low ss
to bear out the truth OF the assertion OF
the buyers tnst 10. more than 30 cents per
pound can, with justice 20 themselves, be
paid for our great s.Splo, And,
although prospective buyers from
the East are probably more numor-
Gus than usual IN this vicinity,
they all seem 20 be set ~ that low figure.
Here, then, Is n question thst our wool
growers can dCcjde for themselves before
selling ~ tho fret offer, which will un.
doubtcdly be 30 cents; are there not so
many buyers that the price will lnevits-
bly, raise at least one or two cents, and
perhaps more when tho army OF buyers
come into competition with each other2
We do not offer this ~ word of advice
20 the growers TO hold, for thoy have tho
same opportunity that We have 10 study
the present market snd compare Il with
tue past; but when any product - 30 re-
duced in price as to be quoted lower than
the actual cost OF production, II Is gon-
orally safe to not hasten sales NJ such
ruinous figures. sun, this Is not an or
dinsry year; values have all shrunken so
that what might have beoa good policy
IN better times would prove disastrous
now, and hence the early 50 lor may this
year reap tho largest money crop from
bis wool We have Learned Of no pur-
chases by SteubenVll!o buyers; Samuel
George, Of Wollsburg, has bought about
L. 600 pounds at 80 cents, and it Is 70.
ported that Henry X. List OF Wheeling,
has operated some mt this figure. IL Is
Alec said that there has been considerable
movement nj CoshoCtoD, at the same
price.
The Steubcnvile wool house has, TO
date, received stout 10000 pounds OF
new clip, which Is being placed la stock.
We learn from Mr. Wnilhsw, the gem
tlemsnly secretary, that judging by tho
applications tor sacks, the receipts st tho
wool house this yesr will exceed those Of
last. The wool that has come IN is gem
ersly from Central Ohio, although small
lots have been received from Western
Pennsy lvaplu aud West Virgins. This
week $1,000 pounds Of old NN, cloan
and well graded, WAS sold by the Gran
ger authorities TO the Waterloo mills,
Mr. Patterson, Of New York, being their
purchasing agent. Both buyer and
seller are reticenL A. 10 the terms,
which are said TO DO strictly private, but
IL WAS certainly considerably above 80
cents, the price offered for new wool, and
il may have been as much - % or 30.
Oh course this wool is we'll seasoned and
ready TO be worked, while new wool bN
to stand Tor many months before bong
used, and consequently the former Is
worth more than the latter, the interest
itself adding from one 10 two cents and
the shrinksge rs much ia addition; stiil
II the price paid was in proportion to that
offered for new wool thsre fhoulf TO no
need Of conceSlment However, ~ far "a
the Grange authorities are Csncorned,
they are not svere % publishing thc
p.ice psId bu! withhold it At the request
Of the buyer. This indicates hII her
price than the manufacturers desire 20
have quoted 10 this section for new wool