Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1880-03-16
CARPETS.

4
CARPETS.
lW N. KENNARD 60,
Il W.
W. M. KENNARD d CO.,
w. M. KENNARD l. Co, ~
VI Nv. N. KENNARD b CO..,
len MARKET ST. eal MARKET st 81,
b oH MARKET ST. sa MARKET ST
le2i MARKET ST. on MARKET ST
}, We have frequently been asked by eur Gus
A toners why Carpets have been advanced ,ant
i feel we can no letter explain the reason thar
Iby quoting, as 70 did In February, from th,
March number Of the "Carpet Trade" q
monthly journals recognised authority on
: the carpet trade Of the country:
"Complete confidence rules in regard to
the stability of tho market. The general I'd.
Vance in prices last month was accepted by
the trade without question, and countermands
were very few.
"a further general advance is iminent, as
the newly made prices are still held to be low
BY manufacturers, as compared with cost and
material. Its maintained that the near fu-
ture will SEQ still higher figures for nearly all
grades Of carpets, certainly 1t is that carpet
woods are firm with an upward tendency ct
prices which even now makes manufacturing
uDremunerative at present p. ices"
A"fAi "o% WAGES aNp ADVANCE
This brings rs to the reasons for the present /
frmness Of the market and the probabilities
as to its future course. |
Carpet wool forms one Of the most i'm.
portant Of the various commercial conditions
which exert vital influence upon the carpet
trade. Our regular monthly report Of the
state Of the market forshadowed the scarcity
and higher price Of wool which now prevails,
and We have regularly noted its fluctuations.
In order to present the subject more fully OF
this time, We have consulted with several Of
the leading importers and consumers Of car.
pet woods, and from their statements hayet
compiled the following, which iairly sum.
marizes their views:
The consumption of carpet wool In the
United States, when the factories are in full | I
operation, is estimated at from Il, 900. 900 to
40, OOo, 900 pounds Of wool per annum. This
great quantity Of raw material is known as
third.class wool, and comes mainly from Rus. :
Gia, South America, Syria, Persia, Greece, =
Smyrna, Mexico, Western Texas and the 20
cihc Slope. The quantities derived from each
source being in about the order in which the
countries are named, Russia furnishing tho
largest supply.
"The present scarcity Of wool is chiefly at
to the remarkably great activity Q
which has PREVAILED among manufacturers Of y
Voolen fabrics during the past five or six I,
months, but there are other causes OF a1ter- :
or date. One cause Of the scarcity Of wool is
ound in the lac: that fleeces have been 80
heap for several years past that farmers have
ound 1t more profitsb to slaughter sheen To o.
great extent, rather than TO keep them for 1t
hearing. VI
Another cause Of th 70 present dearth is that G
Vool has been 20 cheap that It has been used
o make gods, etc., in wool growing countries,
nd especially in Turkey and Greece.
"The future condition Of the wool market =
VII depend upon variety Of circumstances, -
ne. heavy stock held In Europe and ell . I
Vhere on January l, 1s7o--iourteen months
go-has been swept away by the great de.
hand from manufacturers of all :kinds Of
'oolen textills, and carpet:wcols have bs some q