The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-05-25
WOOL, HIDES AND PELTRIE.

A. M. Rowland & Co.'S Boston wool cir.
cular OF last Saturday says: The receipts
Tor the week have been $500 bales agains,
5;Ool bales for the corresponding week OF
1857 and 500 bales in 1881. and 1852 in
1850. The receipts of foreign for the same
time have been 2,02S bale $ against Cos bale s
in iSS2; 80 bales in 1881. and 2-O52 bales
in 1880.
The past has been rather an important
week In the wool trade. London sales
opened on the 10th. with 1877 ,iIi bales, and
the kilograms are rather contradictory
some report thst the opening prices were
the same as the closing rates of the pre-
,vlous sale, and others that prices favored
buyers and the market was sluggish. The
opening sales included Sydney. Victoria
and Cape. 1t appears to us that holders
VINO look for encouragement from that
quarter will be disappointed, and that
holders Of the new clip In the interior will
ma 1t poor policy If buyers are forced to
make purchases in London len so much
domestic wool is now ready for market.
and the large. clips of Michigan, Ohio and
pennsylvania so near at hand.
Inc weeks trade is an important one.
because 1t reveals the fact that on the 10Th
May, when California, Texas, and Ken
lucky woods ought to be pretty well
bought up manufacturers and dealers are
indiiierent about them, and do not hest.
tate, to say that they can see no profit in
the business at the preics demanded, and
that they will not purchase to any extent
except at concessions. II new California
and Texas wool will not sell to-day at a
proiit, what inducement is there to buy
wool when the general sentiment of the
trade Is that i'll one or two months the
article will be lower With goods de.
pressed and unsaleable except at very low
ana unsatisfactory prces-with business
generally dull and depressed, the pros.
pects ahead are certainly not very ell.
couraging.
The weeks revelations are important,
because, with q season backward some two
or three weeks, there are no pressing want.
ON the part of manufacturers. They buy
sparlngly and cautiously. 1t is true th,
stock OF desirable domestic wool is small
hut our bonded warehouses are full o
clothing. combing and carpet woods, an,
inns VIII be released about the time whei
| new wool begins to come froward from
all points. There was time when W,
supposed wool would be very scarce II
May and June, but we had no idea tina
| buyers would purchase so freely abroad
or that we should receive such large In
stalment from Australia from Great Btitai,
and Montevideo. We have bridged owe,
the seaton and there has been no scarcit,
oil any kind. There would be- less forcirl
wool In bond II the wants of manufacturer,
| were urgent.
The weeks business is important be-
cause we record the first movement in
new California. A leading house IN IN,
trade has had the courage TO purchase
l,oOO 100 lbs In San Francisco, At price.
ranging from 10 TO q cents, but this wool
wns mostly bought for manufacturers and
VIII not come upon the market. This
purchase has not lad 10 any increased ac.
nvlty. Other buyers did not repeat what
mas been done In previous Years, and 70
In and purchase freely, but tho San Fran
cisco msrke' is a. dull AZ ever and stocks are
Rapidly accumulating at that point. In
rexas buyers are holding of, and I'm
Mentuoky, Georgia, Missouri or other
points where new wool has made an an