The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1883-07-12
TIE WOOL MARKRT-

L
The following clrcuitr, just received
from Walter Brown & c., of Be'ston
shows tho condition. al the wo j market
Throughout iIe Country:
The wool market throughout the
month past has been one oi continued
duIlness, being haracierized by the
same light demand from manufacturers,
as previously noted, and a slow but
gradual yielding IN values 10 conform to
the general state Of trade.
fhe long depression in the wooden
goods business and consequent curIaII
ment of production by many of the
mills, has had its influence on the raw
material, and for the first time since
January /, the aggregate of sales shows
q decrease from those of 1882.
By many, the present dizziness in the
wool trade is attributed entirely To the
new tariff which goes into operation TO-
day. While the tariff undoubtedly has
some direct effect upon the prlce of
wool, 1t is probably accountable fer only
small portion OF the depression of the
past few months. There has unques-
tionably. during the past TWO years, been
an production OF certain kinds of
wooden goods, TO an amount largely in
excess of the requirements of the coun-
try. These goods have accumulated IN
the hands of commission houses, and the
manufacturers, discouraged in the hope
of any immediate relief have, many of
them, decided 70 stop their mills until
the question of supply and demand is
settled and they can see a reasonable
prospect of obtaining margin above
the cost of producing the goods.
Here is probably the real secret of the
Of
past few months Not the tariff; for
fine domestic clothing woods are 10. day
fully ten per cent below the importing
point; but the accumulation of unsafe
able cassimeres and similar goods which
cannot be sold except at heavy loss to
the manufacturer.
Il is q mistaken notion thai manufac-
turers are doing all they can To bear the
market and force down the price of
wool; they have been Obliged in self
defense. 10 adopt their present "hand to
mouth" policy or to stop entirely tor a
while, IN order to avoid further loss.
Manufacturers, as class, are always
ready to pay fair price for their wool,
and It is a noticeable fact, that the years
when they have made the most profit in
manufacturing, are those years when
the price of wool has ruled compari-
lively high; and not when the value of
the staple has been constantly declin-
ing.
We must therefore look for the sequel
to the present situation IN the course OF
the wooden goods market for the next
few weeks Sooner or later the curtall-
ment in the production of goods will
adjust the supply To the demand, and
with the conviction on the part of the
clOthiers and retail dealers That goods
l..
their purchases. Whether this point
will be arrived at during the present
month Or the next, it is impossible to
say, but when II does come, the mills
will probably renew their full time
operations and will enter the markets
more literally as buyers, with the result
of an active demand and steady values.
Fine washed fieeces have been in light
demand during the month, and values
have been sOttened slightly from last
quotations. In Ohio but little has been
done by eastern dealers, as the price
asked by farmers is above their views,
and most of the purchases have been
confined to local Spectators and u few
manufacturers. The receipts are as yet ]
too small To establish any definite price,
although the opinion prevails that \
and XXX grades will have to sell about |
81 cents at the seabOard markets. There |
Is fair inquiry for staple selections, |
the goods for which they are designed |
being more in favor than other classes. |
Texas woods have arrived quite freely |
during the past two weeks. For good |
conditioned. twelve months wool there |
has been a fair demand at prices within |
the range of our quotations. Short and
interior woods. however, do not meet |
with quick sale, and are accommodating |
somewhat. The condition of Texas |
woods this season is lighter than usual, |
and on that account they will attract |
the attention of manufacturers as soon |
as there is any active demand for con-
sumption.
Unwashed and territory woods are |
late in coming forward this year. The |
cold and wet weather has greatly de- |
layed shearing. However, considerable |
wool has reached the Atlantic markets |
from Missouri and Kansas, and they |
generally show a good condition, al
though some of the clips are heavier
than last year. Territory woods have
not arrived as yet TO any extent, hut the
reports from growing sections indicate |
a much cleaner condition than the pre-.
vIous clip.
Sales tor the four weeks ending June
Goth, as reported are: Ohio and Penn
sylvania X, XIX, and above iieeces,
100000 lbs; Michigan, Wisconsin, etc,
X and above, POS, 200 lbs; Ohio and
Michigan No. 1, 1853 400 lbs; other
washed feeces uncl4ssifed, 154, 700 lbs. !;
washed combing and delaine, 194, 400
lbs; unwashed combing, $4,000 lbs.
Georgia and Kentucky, 6S,000 lbs; un-
washed. 8S7, 100 lbs !, territory, 235, 900
lbs; Texas, All 500 lbs; Oregon, 81, 500
lbs; California spring, 26S 800 lbs;
California fall, TO- 400 lbs. pulled, &c.,
lbs foreign, 4sl 900 lbs. Total, $780,
400 lbs