The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-01-11
wool AND HIDES,


Walter Brown & Cos wool circular for Jan.
iiary .s, Is as follows:
In taking retrospective view of the wool
trade during the year just closed, We find u
period replete with experiences for those hand
ling the staple which, while they may not have
leas, be lessous for the future conduct of pusi'
ness, and thus ,erve their purpose
The course of the market during the first ily'
months e 1882 does not show any features strik-
trxlN different from many preceding yeals for
the same period. strong prices characterized
the opening month With n feeling that they
would harden as the season advanced, and thus
opinion was shared by manufacturers US shown
by their liberal purchases during the early weeks
Of January. The succeeding mouth however,
somewhat reversed this order OF. things, falling
oil In mo sale of manufactured goods was notice.
able and Was naturally followed by n hesitation
on the part OF the consumers OF raw material 10
stock up heavily, the approaching clip began TO
be talked about and dealers who were carrying
lat &c stocks, had desire 10 clear their ware
houses II pos BILE before the new woods came
forward. Asa result concessions were made
the order OF the day and continued until near
the close OF May, with sales sufficient 10 reduce
stocks To desirable minimum ana prepare The
lots for fresh influx of woods
IN deciding their policy for the new season
Just opehing, dealers and specula ors carefully
canvassed The pros and cons Of the future, ani
much interest was manifested In the approach
Ing crop OF cereals us the surcst indication of
what co Id be expected for the balance Of tho
business year III we have an abundant har'
vest We must have good fall trade" such was
the general verdict pronounced by the mcrcan
tile community, and with that opinion strong
In their minds, the wool trade WAS prepared u
act upon the first sure sign of such a re-
suit. The new shearing was somewhat te.
tarded by wet spring. and "thc abundant har.
vest was assured almost AS soon Ms the woods
were ready for the MARKET confident In their
theory, buyers we're prompt In Tho field, and
WED with each other to secure the woods, ap.
paIently not based upon y margin Of mme.
Hate profit but In anticipation Of an notiyc ad.
fance IN the early fail. Particularly was this
ne case In the states and territories west OF tho
Mississippi river where the prices paid were an
! erage VI tout 10 per cent. more than Tor the
L needing year.
During the first months OF tho summer this
ing of future activity aud general prosperity
shar d by manufacturers who M the first
:, urrea. prices L was not T long however, OWEN ~
~ the large purchasers IN the Interior began
$ i've at the seaboart markets, ana with tho
lcl uiation OF woods came an uncx-
II ood falling .on GU In , Tho orders
ions were not bciug disiri.
~ = freely as they ought to be, and with an |
~, stock of raw material 10 select from,
sM DAME more chary In making offers; and, |
NJ o. tho disposition OF wool dealers 10 |
yot bIr woods promptly lsd 10 large transao.
hel gNc was wanting that buoy ancy ~ tho |
no n cal was anticipaled. However, tho fall |
r"Nr Tlovked forward to as y general euro |
NJ tack OF activity, and, In view Of this |
oys were slow 10 part with their woods |
~ waNlal concession In price.
i resignf fde failed TO meet the expectation |
grant ,ed, and proved a great dlsap point. |
norrnt hwho had counted on an active de.
=. ,,,,i Advancing prices, dull aud dc.
y Wv, ,c,t has prevailed since the begin.
'lN.,oi -,vuvr Z; manufacturers did not succeed |
ricp' ONCE expected orders for their light.
ciN wherehen being produced: the money
- pointc stringent and. IN addition 10
W been II there xsrc several failures
~ forced. ers. which greatly impai ed
"a, rcuntvrral credits. This state Of az
ned TO the wool and woollen
III pvidcd 10 nearly every branch
~ - perise depression was AUGMENTED
4, been olnins stock market
this resu. prosperity In agricultural
tion OF otytcd by the enormous crops
\ ~ oxperi( On IL wanting for this con.
49, hSlsL.~fakness, and nothing remains
are to{ 'FsoSit contrary 10 Al expectn.
general values Of raw =
- f.Ildixe during the closing u
'N @t'fe rtccded aud have not \
ed, due 10 the agitation
&lon Of the tariff. With hi
M upon the lvOQl trade. >
&<rlpatcd thaA the pr0- |,
y N will cause nv Gtoot