New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-02
THE WOOL TRADE

We have received the annual Wool circular
OF Walter Brown & Son. reviewing the market OF 1870
II says:
The very low prices for all classes Of wool both DO
so of 1875 tended greatly to restrict and
virtually limited the supplies Tor lnanuiaetuiinR pn,.
months decidedly stronger tone deTeloped vita
recovery from the previous extremely low values anu
the year 1877 opened with the advance nrinB es'av
shcd ana with the prospect Of profitable year to all
interested During tue first few months the market con
tnued firm and steady, and in the absence Ol any MA
teral replrnisnment from foreign the stocks
available IN American markets we're gradui ily redhce1
to a comparatively small amount. Win the approach Oh
the new clip however desire the part Of holders TO
off Old lots and be ready for the new woos ed 20
Affected so that by tie 18th OF June the lofts Ia the
Eastern markets were almost bare OF nee ~
The low prices Of the preceding year. ana the aDsence "
any great speculation during the ensuing Twelve
nad pr s ,n reascne res which would have
been remunerative To tne1n ana nave yleideu as'
margin TO Operations Inns uesrhDe i r ,huyers
the fear that there would not be woo enough o u W
obtain supply Entering the nea mus sc ~ sct cue eo
not he other than RAPID advance III u
Woo to figures which promised no profit tha'
not based large advance over previous market fae
lew weeks. however changed tie aspect OF the trade
dealers who previously had ficecrs 10 onrr cOGid
show large assortment Of all grades ana me ial
not so scarce they had supposed and regret ed thh
they had purchased IN advance OF thir requirements
From this time until the close 81 tie year there wa,
constant effort the part OF holders 10 realize on tH
v0ols while manufacturers. receiving little or no en-
the prices of their goods oouid not D"
induced purchase any faster than t1er necessities re-
ouirpd The experience Of the past six months must
lave been very unsatisfactory 10 most wool operators
with the approach OF holidays. the usual taxing
account Of stock at New Years, has deferred nahuar
turels buy ana Tor the pat ten days te iatAe
has very quiet There Is, however, an increased
unncss SHOWN by holders, who express the opinion mat
with the year. greater activity VIII prevail Rd hh'
prices have touched the iow est point oil tine season
BY referring Ia the table below showing the average
price, Of the past twelve years one noicrabe Ict -
innt hc TIE pIIce OF fine fleece woods rnce TIE war
oes not show any great variation from that OF IN" sLine
grade prey iOus the war; yet there II marked dH"i-
eucc 10 the values o. dunn and coarse WOODS. showing
that Of ato years the demand fOi these qualities las
bren In gely the ncrr-. One principal reason Tor
TINS change the constantly growing use 81 counting
ard dclunc arabs, wach ar, found q MAKE fabfles
more attractive well more durable than hose sne
Of much finer WOODS These qualifications Will, undouDt
ed j. render this cis-s OF wooen goods permanently
pOpuar. Although She wool product 1 iaie ears l'iS
greater o. hcsc woods tEau formerly,
manufacturers stu Ohlg d 10 rerort 10 i"rcSn
markets for = large proportion 81 their sock.
Tubular SLOWING The average prlces OF TX
TIM No l. and Coarse Washed clothing F.ccez, also bA
LA an per Pulled WOODS. ior each Jear. during the
past twelve years: 49, MI,