Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1879-07-24
The Wool Market.

Sudden rises In prices are apt 10 meet
with reaction. While there is excellent
prospect of better permanent prices for
wool than have prevailed for a half
dozen years-the grounds for which
columus-the sudden jump which has
been recently witnessed could not be
considered exactly healthy. 1t was too
much like sick man getting we'll 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 &C
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 ex-
cited, for the rise found our farmers in
! the midst of other work which drew
| their attention somewhat from the wool
| question. We say that we may con-
graduate ourselves, for it is not we'll to
get greatly excited, unless something
valuable shall result from it at least; and
| if all our wool had been rushed into
market, 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. Ii the OPP
posite course had been pursued few
might have realized handsomely-and
a few have as ii is-but 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 said last week, it is
not safe to predict the markets, it can do
no harm in this case, for our farmers
can resi- 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 Califor-
MA and Texas woods have been carried
to q 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 but a
greater scarcity of other kinds of wool
of course, and a great demand for the
most available supplies could lead to
such result. But as the clip is being
shorn almost everywhere supplies are
beginning to come forward more freely
and operators are turning attention now
to other and cheaper classes of WOOL
some holders Of Texas and California
woods have been asked as high as
7UaSnr, and even above for the secured
pounL. Virginia feeces did not cost
over soc. Such DISCREPANCIES in the
value ofthe secured pound are absurd
Georgia, Missouri, lake and territory
woods wherever they can be obtained in
sufficient Quantity are meeting with a
more ready sale, and even fine state,
Michigan, Wisconsin, Illinois and Ohio
are now taken in preference to Texas
or California. As consequence there
is evidently more of a disposition to
| realize OF woods held above their In
| trinsic worth and sales have been effect
| ed at one to two cents below the asking
rates of week ago. This is regarded as
a weakness Of the market, but 1t Is
rather an equalizlng of prices. Itseems
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 account there
is more disposition to realize than to
carry stock.
The Wool Grouer'S Bulletin, Stubenvile,
O., has the following upon the subject ::
The excitement in the wood market
seems to have spent itself, and the peo-
pie are settled down to a confident be-
lief that prices are settled for the pres
ent at Soc. to 40c. The major part of
the wool sold has been taken on an aver
age price of Soc, 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-
element, and pull long faces when they
come to handle over woods that weigh
| seven to ten pounds to the fleece, which
they forgot to look at and handle when
they bought; in their excitement they
could see nothing but wool, and took no
notice of grease. The wool, that was IN
| first rate condition they could not buy