The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-04-24
The posI,ion of w ooI.

This staple il Just At this time engaging tho
interest Of lhe Trade NJ the principal market
centres, and s,mew at unsettled, or al least
conflicting opinions would seem N ezlsl "
zone OF the Western markets, lioslon d Tho
leading lacal msrkei Of tba country, ana az
the Commercial Buletinof that city i TO-
rarded NJ q very falr sample Of H. Ihe fol-
lowing survey Of tho position given In iFs
Saturdays Issue Is published below
In cAteGtoi The more moderate
temper Of the wool market las
been due IN some degree 10 the le'sened de-
mand for goods Manufactures generally
have their present wants pretty Vel rro'
ylded for eHhcrby stocks or he staple al'
rady m hind or 70 be- delivered on old or
der.. The supply Of domestic Aoeco woods
OWtho market n noi large, but nc lhl'ef
have sill been u egloOied btcaufaol the lower
parity of competing foreign woods Thcsr
last hive really bonn sold IN h0mo cases NJ
lower figures than they could be- rpplnced 'T
to-day Ly frsh purclns,s Ahfond, Hence
n,lher uAuse for wnlliGg !, found NJ tho oo'
r.rlonro ol tie next London auction sales,
Wnuh uro o. open next Tuesday md VIII
comprise ol rings ~ 100000 bhloa of wool
II rates should Hdgshce NJ those SALES, th'
effect will hr pefrepiblo M Increased Ilrm-
nos ON ihl side ~ the water but M on the
other hand, the tone Of the sales should cor
respond with thopresent downward tendency
ui general values, this market VIII double'-
respond with u lower mnge of prices
In the mrnntme, m already stated,
tho sale OF goods Is not proceeding
~ satisfactorily ~ hoped for aud hints NJ
shutting down on production by some ol tho
mills may he heard, But tho country mnr'
kets Indicate grenter buoyancy than can be-
discovered here IN the Hub, In Kentucky
there Is rcuson for believing that about halt
Of the clip hm been contracted for IN advance
at prices ranging from i0c TO i3@i6c per
IT, In Ohio, also, considerable many con
tracts have been made on basis Of SOC per
10. The parity Of nearly all the country
markcts Is higher than our own, aud the
growers have been excited by marvellous
stories of prices that have been paid or ARE
to be paid Ono man in Washington county,
Pennsylvania, reports that he has been oilcr-
ed 60 for tho wool still growing on his Sleeps
backs.
In California, present advices aro to the
effect that the views of holders have moder-
ated little. The spring clip Is now coming
into San Francisco quite freely, and sales
have been made ut 30@S2l(fS6c for tree
Southern ind 25ll30c for bury. But two
lots of new California have thus far been re-
ce,ved in Boston, so far ms we
are informed. One of these cost SIC in
San Francisco. The other is held NJ 40c here,
and is rather above the averaged IN quality and
condition. Only three Boston dealers are
now personally in the San francisco market,
but Others have been there and still Others
are represented by local buyers. Buyers md
sellers ARE about BE- apart after Che few little
sales which were made at the opening. ADD
vices TO us yesterday reported oilars NJ 335c
of wool which mad previously been sold at
35c
Whatever course may be taken by the
market in the immediate future, it must GER
tainly requirea good deal Of nerve to pay
,o.dav's prices tor wool which will not 90 in
to consumption until year from now.
Prices may have been uuduly depressed
twelve months ago, but everybody must see
that to-day R@ures are above the average
of any period in the history of the trade.
Here is a table in which to-day's prices
are compared with those of different
periods for about 20 years past: