Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1878-04-11
THE OOL TRADE.
Boston,.


The market for nearlya all descrip-
tons of wool continues depressed, In
the goods market, prices are weak and
unremunerative, and manufacturers
refuse to purchase the raw material
beyond the supply of their immediate
wants. The transactions in fleece
wools show light increase over last
week, but holders have had to accept
the same or lower prices. There has
been less doing in fall California, and
rather more in spring, The bulk of
the fall in this market is now held by
two houses, and of spring there is but
one strictly choice lot of any account.
The advices in regard to the new
spring clip are not very important yet.
One Boston house paid 20@224 cents
for small lot of San Joaquin, at which
price it would not be profitable to ship
to this market. The estimates in re-
gard to the deficiency of the clip Con-
linue to shrink from week to week. 1t
is now said that the decrease will GER
tairly exceed 15@20 per cent. of the
last clip. There will be considerable
increase in the clip of the territories
and northern California, whittier
thousands of sheep were driven during
the droath.
The London sales will close on the
9th of April. There Is Othing new by
cable. Late mail advices state that
while the descriptions usually bOu ght
by the foreign trade have passed
through period of less tirmness, the
woods used in preference by the home
trade lave, if anything, improved.
The new tariff bill MS reported Places
the duty on all raw wool at 81 per cent.
ad valorom.-COmmercial Bulletin.
New York.
An irregular and unsatisfactory sort
of feeling is shown through the ex-
pressed views of the dealers. etc., and
the general market for domestic woods
Is without improvement. Now and
then comparatively large sale is
engineered through, but the demand
in nearly all cases has to 6e coaxed
and nurtured, and buyers are in the
old Indifferent mood. In short, the
old policy is closely adhered to, and
supplies seldom handled beyond
known cOrsunptive capacity. The
bulk of the accumulation being allow
ed to remain in first hands until want.
ed. Goods have done somewhat
better of late, but this scarcely stimu-
lates manufacturers, as best experience
has taught them the wisdom of obtain
ing positive assurance that their pro-
duct has a study and continuous outlet,
before handling supplies beyond Ordt rs
in hand. Most of the stocks of wool
here may he considered available, but
are not forced to sale, and some of the
holders express a determination to as
sumo firmer tone on the more desir-
able grades on the belief that even at
the present rate of distribution nearly
all must be disposed of before new
clips. The tariff bill IA now revised
and before the House, is fairly salts
factory to the tr lde, hut has little or no
influence upol. the status of the market
so far as wool may be concerned, but
there is a universal complaint over the
provision of the act III regard to wool.
en- goods, which, it is asserted, is in
direct conflict with the interests of
manufacturers. Indeed manufacturers
claim that the passage Il: the bill in its
present shape would be utter ruin to
them and they would have to shut up
mill at once About the only notice
able feature during the week has been
negotiations upOn'a lot OF abOut 400
bales of Oregon. This has engaged the
attention of the horde of brokers, but
up to the close it was uncertain wheth-
er anything had been positively ac-
complished, though the impression
was that at least portion of the stock
had changed hands.-Bulletin.