The Penn's Grove record., 1882-05-06
Commercial.
Wool Prospeota.

The colonial wool sales In London
were brought to a close OF the first OF
April, and the eablegrams say that all
desirable descriptions Of staple closed
quite as bouyantly il not stronger than
they opened. The demand q chiefly
on the finest woods. From the fact
that although the sales opened at a
time of considerable financial depres-
sion on the continent prices were
fully maintained throughout, and that
of an offering Of 300, 600 bales of wool
American buyers only secured 1000
bales, it seems a little strange that
markets on this side fail to respond to
the tone of the market across the At
lantic. At Liverpool the finer woods
exhibit much strength. Under the
auspices of fine spring weather-so
favorable to agricultural pursuits
confidence Is reviving in business cir
cles. In our leading American mar
kets the feeling Is evidently languid, If
not depressed. Large sales were made
a few days ago in Philadelphia Of
washed and unwashed quarter blood,
mongrel, and territorial woods at some
concession, but it Is a little significant
that some shrewd buyers of that city
were in New York last week accord
ing to the EconOmtsD paying full if
not extreme prices for fine combing
woods. Some Australian wool has
been coming in, and one of tie wool
circulars Gust at HANDY says 1t is now
offered on the Boston market at prices
that render it preferable to American
ieeces. Attention is called to the fact,
for the benefit of American wool
growers, that Australian wool Is core
fully and properly prepared for mar
ket. The fieeces are skirted and
lightly tied up with thin Irvine.
Complaint is made by Eastern wool
houses that the fine wholesome oft
at least-lately received from Ohio is
not thoroughly washed, that it 10
heavily tied up with Irvine and in
many cases stuffed. Such practices
will ruin the reputation of any section.
We commend to all readers who are
interested in wool, the following ex-
tracts from the Economist.
What is now wanted is gocd, we'll
made goods, such as.the wearer will
not be ashamed of after the first hard
81 lwer. To make good goods, re-
quires good wool. We therefore look
for an ample demand from now to
clip for all good, fine fleece, of which
quality we dc not believe this country
can furnish any too much. We have
a good, cordial regard for fine Oh o,
Michigan and Wisconsin, not forget
New York and Pennsylvania by any
In these States is grown a
great quality Of wool which is fit to
make goods for kings garments
railroad kings or telegraph kings, or
real estate kings, any sort of king.
How the world does love that name
king! That Is why we use it here.
"What we mean is that out of our
best woods grown in our best States
we a make goods of good enough
finish for anybody. 1t may be that
Australian makes a softer finish, but
not SO strong, and even Australia now
has a bur which must seriously affect
the value of that sort of wool. No
wool al be got up any where freer
from Objectionable things like burs,
seeds, etc., than that of our older
States, if we could only get it up in
better condition.
1--WE believe in getting up the wool
we'll, having ID cleaned-washed SO
that each year a man can sell his clip
by its general reputation with buyers.
Let buyers fight shy of heavy clips
year after year, and that will be the
best way to make that clip a lighter
one in good time.
"The woods most wanted for q few
years at least are the long stapled fine
wool, half blood to five eighths blood,
and of length to comb, and they comb
shorter wool now than they once did
fine wool generally. With coarse
wool we fear demand will not be extra
good for some time to come the
coarser the worse the demand"