Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1879-07-23
The Wool Market.


wool than have prevailed for half
dozen years-lhe grounds for which
have already been stated in these
columns-the sudden jump, which has
been recently witnessed could not be
considered exactly healthy 1t was too
much like n sick man getting well in a
moment For six years the wool
market had been depressed, but all at
once the sick man" became imbued
with perfect health and unnatural ac-
tivity. The trade doomed IN an hour
so to speak, and when prices once do
get started up or down, the excitement
created adds to the velocity. One thing
we may congratulate ourselves upon In
the west; we did not get undulv en-
cited, for the rise found our farmers ia
the midst Of other work which drew
their attention somewhat from the wool
question. We say that we may con.
gratulate ourselves, for 1t is Not well TO
get greatly excited, unless something
valuable shall result from it at least; aud
If all our wool had been rushed into
marke it Is not possible that prices
have remained where they had been.
Hence our advice some weeks since
to our readers To keep right along in
the even tenor Of their ways. 1t the op-
poslte course had been pursued n few
might have realized handsomely-and
n few have rs it is--bnt the many
would have received no benefit. The
best that can be said at this writing is
that WOODEN goods are firm, and that Is
good enough to say. 1t indicates health
and permanency OF good prices for
wool. While as we Sad last week, it is
not safe to predict the markets, it can do
no harm in this case, for our farmers
can rest assured that whether they sell
or hold, prices will not be higher than
they have been.
The New York Economist in speak ing
of the wool markets SAYS that CAliior-
MIA and Texas woods have been carried
to a higher altitude than any other
grades of wool taking into account their
intrinsic merits. The heaviest and the
worst conditioned woods appeared to be
held for higher prices then even the
better descriptions. Nothing bat II
greater scarcity OF other kinds Of wool
of course, and great demand for the
most available supplies could lead to
such a result. But ~ the clip is being
shorn almost everywhere supplies are
beginning to con.s forward more freely
and operators are turning attention now
To other and cheaper classes OF wool.
some holders Ct Texas and California
woods have been asked rs high as
7OaSOc, and even above for the secured
pound Virginia ileeces did not cost
over SOC. Such DISCREPANCIES in the
value ofthe secured pound are absurd
Georgia, Missouri, lake aud territory
WOODS wherever they can be obtained in
sufficient Quantity are meeting with
more ready sale, and even fine state,
Michigan, Wisconsin, Illinois aud OHIO
are now taken in preference to Texas
or California. As a consequence there
is evidently more Of disposition to
realize on woods held above their in.
trinsic worth aud sales have been effect
ed at one to two cents below the asking
rates Of week ago. This sregarded ~
weakness Of the market, but it Is
rather an equaizlng Of prices. ltseems
to be pretty generally agreed now that
all KINDS of wool have reached higher
prices than manufacturers are warrant
ed IN paying, and on this acc )unt there
is more disposition TO realize tnan TO
carry stock.
The Woo! Grouer's Bulletin, StubenuHe,
O., has the following upon the subject
The excitement III the wood market
seems to have spent itself, and the peo-
pie are settled down to n confident be-
lief that prices are settled for the pres
ent at 800. to 40c The major part Of
the wool sold has been taken on an aver
age price of 35c but in this Is included
the most of the heavy woods. The buy
erS are busy packing and shipping the
wool they have bought during the ex-
citeme nt, and pull long faces when they
come to handle over woods that weigh
seven to ten pounds TO the fleece, winch
they forgot to 10 at and handle when
they bought; in their excitement they
could see nothing bat wool, and TOXIN
notice Of grease. me wooi, that was IN
first rate condition they could no, buy
at the average price OF Boo, SO they left
it, as it was commission they wanted,
and the more grease the greater num-
Der Of pounds to get commission ON.
This has been the manner of buying
wool too long, and the farmer has had
no encouragement to put 90 ms wool
in good condition, and the wool grow
ers who do put their wool up right are
getting tired Of it, hence the establish
ment Of the Wool Growers Exchange,
which gives them an opportunity OF
selling their wool on its merits, and the
manufacturer the chance Of buying
such wool as he wants without buying
such as he does not want, and We hope
our farmers who do put up their wool
in good condition will take advantage Of
it, and so encourage their neignbor5 to