The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1881-06-02
The Wool Market.

Yesterday there wasa decided improve
ment in the. wool market, and more ac-
tivity was shown than at any time during
the season. THE receipts were large, and
prices firm, with tendency on the part
Of buyers to 90 the extreme limit, and
- cents was paid for one or two superior
clips. The Boston Adgertiser, in an able
review of the wool market. says:
1.-THE market has not only been more
active, but the increased business has i'm
parted a tone TO values OF desirable wool
that is surely better than Il week ago.. On
anything, not wanted, of undesirable
grades, the market is weak, and conces-
sIons have been made upon such during
the week, and the lower prices will have
to continue TO effect sales. There are
still some good people who imagine that a
repetition OF the boom business is COM
ing, and any slight Improvement gives
them encouragement, but there is not
the slightest ground for such hopes now.
The law of supply and demand must have
something 10 do with the situation, it
will be conceded. If we look into the
matter of supply, we know that immense
clips of wool are being gathered, and that
within few weeks they will be here, to
| further swell the stocks now here. which
OF some descriptions are already too
large. There certainly is not much COM
fort from that side. Turning to the de-
| mand, we find, il is true, an improved de-
mand, for goods, and manufacturers OF
certain specialties are well supplied with
| orders ahead, but it is also true that they
have secured wool for some two or three
months ahead to cover such contracts,
| fearing that some sudden twist of the
market might cause them Il loss, and the
prices at which they have sold goods
4 ma ro
there can be any ground for any inflated
Views as to prices we fail to see. 49,.
/ - p --------
Hood Seminary closed its third annual
session on Tuesday, the 24th inst. By the
earnest solicitation of the pupils, the
usual exhibition was dispensed with
and substituted by an ice-cream festival.
| There were present three hundred guests,
} and abundance for all of cream, iced
' lemonade and beautiful, delicious cake.
| The school furnished cheerful chorus
music and solos during the evening, and
| the company were highly favored by
| some felicitous remarks from Rev. DR.
| Rogers and Mr.. Frank Morris. Medals
| and prizes were conferred on several pu.
| pills. Miss Jennie Malin, who carried of
| the gold medal last session, won that
honor a second time, for general scholar.
| ship. And, as if fortune had forgotten
| to be tickle, and knew not how to with.
hold her giving hand, this same earnest
< young worker received Mrs. CToOker's
| gold medal for improvement in music, land
prize book, for punctual attendance and
/ good conduct. Another prize was
awarded Miss Robinson, of Rockdale, fol
having attained one hundred per cent. in
attendance and conduct. Miss Ada
| Wright claimed the medal for penman
ship. In behalf of the pupils, Miss Lena
| wilkins, with a most graceful address
presented an elegant silver card basket
bearing engraving, ''Mr. and Mrs. Hood
from their pupils, as a token of love-
| The whole affair was an enjoyable sue
| cess, and speaks volumes of the gOoC
feeling and liberality of the school. Many
| happy returns of the same. o..