The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-04-01


Iisamatte. Tor regret that this inshtu'
ton has failed to answer the expectations
Of its projectors. 1t Heems, however, to
have shared the fate Of the Tobacco Ware
house at Bsllaire. They had tobacco
house at Bellaire but no tobacco. They
had a wool house at steubenville and re-
ceiyed considerable wool, but somehow
the buyers Of wool were lacking to such
a. extent that the COns!gnments were not
sold.
The theory OF tho wool house was to In
augurale pooling arrangement on the
part oil sufficient number ofwool growers
with view OF holding the market steady
against the attacks Of Eastern buyers on
weak growers at the opening OF the season.
Tlis was not bad theory, and had q
greater number OF growers joined in with
the scheme possibly i! might have
worked out more satisfactory result
The weak spot, however, in such an in
stGutiou Ia the fact that when the market
goes against those who have consigned
wool to it they ore bound to be more oil
less dissa,i fed with the result. It's sue
cess We may say hangs on4he very remote
chance that its conductors can so gauge
the market as to make an average OF ssleI
throughout the season fully as good II mol
better than those made by individuals
In the nature Of things this is impOssible
and it would seem as II the holding OF &C
much wool this last season against thu
market had 80 discouraged consigners Al
to lead to Oh abandonment OF the enter
prise,
A wool house at this distance from the
Eastern market is naturally a "bull" on
prices II the market opens high and
strong early In the season, the inference ID
that it is going higher, and inasmuCh al
the concern was organized to secure the
largest possible profits to Its patrons, the
directors are almost sure to hold their con-
signments for an advance, This we con-
ceiye Is the weak point in such an organi'
ration, Itiaunder instructions, as 1t were
to hold out Of the market. This course Ia
just as apt to result in loss as In profit
The fact Is that the market nearly always
disappoints the expectation Of growers
either by opening high and gradually re
Csding, or opening weak and becoming
strong 1t illustrates every year or two
the truth Of the old saying that in THU
world, at is tho unexpected thing tina
happens"
Just in this connection We might maxi
remark that ia applicable to many OF TIT
country papers in this matter Of Away
bulllng the price Of wool. It's apparently
done as a matter Of loyalty to the INTEREST,"
OF the wool growers. 1t would seem as 1
there was but one side to write on in re
gard TO prospeCts-the bull side. The
farmers have been made In series o
years to lose vast sums In the aggregate BY
the advice given them 10 beware Of ad
verse reports set aAoat to depress the prict
Of wool. In this way their suspicious ar
constantly appealed to, and very many o
them are induced to hold on to their clip
when they should have sold. This is Ger
talnly not truo loyalty to their interests.
The desideratun in this matter, as In
all others, Ia 10 get at the facts as near al
may be that enter into the prospects OIL
prices, aud whether these facts make fol
or against the growers wishes to publish
them fairly and aquarely. City papers
arc often suspected by growers OF reflect
ing the views OF buyers rather than Of
producers, but we have noticed that the
papers Of character In the East are more
apt 10 DO correct in their diagnosis Of the
situation from time to time than the
papers Of the interior that are alwayE
singing one tune In regard TO prospects,
To them the patronage Of o few wool buy
ers is a matter Of no consequence what
ever, and therefore they do not cater tC
the views Of either buyers or sellers. They
aim to give the facts IS they CLEAN them
from their correspondents and exchanges.
Wool, like any other article, has It's luc'
tuationB, depending on supply and de-
mand, and 1t is useless to expect to hold
1t up In price when the general conditions
that govern prices are operating the other
way. Even II there was wool house Of
the largest possible dimensions, controlled
by directors Of the keenest saYacity, the
general course Of prices would assert itself
IN the course Of q season. Somthing
might be done by itin the way Of resisting
the Legitimate efforts Of Eastern buyer
TO force premature decline or break in
the market, and thus 1t might enable
growers to sell at a fair average price, but
this Is about all that 1t could hope 10 &C.
Complish.
After all 1t Is general intelligence OF
the part Of growers that must prove theil
reliable guide and protection as to The
hkelihoOds Of prices. In proportion al
they keep themselves posted as to what II
going OIL all over the world in regard tc
production, not only In regard to theil
own specially, but in regard to all pro
ducts that bear any sort Of competitive
relation to 1t, will they be enabled to form
correct judgment rs to what to expect in
the way Of prices in any particular season
GFOWIh of The telephone.
BosroN, March 3l.-The wonderful