The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-05-22
The Wool Market,

|
peratively low prices, bu, the demand has
not bren active tor any description.
III -dium woods have been pressed for sale at
| copoessionp, and the market for fine nrecea
has inclined somewhat Ia BUYERS favor, but
10 general the range OF values on good woods
10 about the same as week aio. The
financial furry has not affected the wool
trade, except 40 IL may have tended 10 In
tenslfy the caution Of buyers. The new
clip IL 10 near nj hand that manufacturers
who contemplate larger purchases are dis.
poeed TO hold off for the be.t, aaso ftinsnts
that will soon be available. The goods
trade 10 unsatisfactory Gad tho outlook Is
not promising, This is The principal draw
back to the trade In WOOL The mills in
some osaeS are stacking up end production
Is not being pushed 10 maximum capacity
10 any department, Tho inequalities OF
the prsHent t0rif.laT are iniariously affect
ing soma branches OF the manufacturing
trade. Fine worsted yarns, tor example, are
being largely imported as they can
be laid down In this country from Europe
cheaper than H. cy can be made a. the pres
ent cost OF raw material. The same Is true
OF some kinds OF woven roode, on which tho
reductions made last year were relatively
greater than upon wool. The new clip is
backward ut sli points. Buyers in the
country are operating with more than
usual caution, and their Ideas OF value are
from 10 10 Is per cent. bslow tho prices paid
last year. a good deal OF wool is available
on this basis, AID the indications point to n
general marketing OF The near clip ut about
that much below the opening prices OF 1858.
The Boston market, rs reported by wire 10
Bfsdslreets, 10 duh Tor wool, aud manutsct-
urers ars purchasing cautiously. The loau-
cial panic has tendency 90 check tho da-
mand for all kinds OF merchandise for the
time being. The sales Of the week have
been ,525 600 poundb OF oil kinda. Prices
are easy, but no material change has taken
place. Oaio and PENNEY lvania ileeces range
from IS 10 SO cents for X, SO to 80 cents for
XXX, and 80 20 10 cents for Xxx and above.
Michigan Y tieeces have been selling Nc
81 . to "a cents per pound, yory good lot
selling at the lowest rate. Combing and
delaine heeces 1re scarce and quet, aud
prices are nominal. In unwesned wools
the busiDess has been light, and sslsa con-
Some small lots OF new Texas
havs bsen sold at 81 IL cents
per pound. California wool is quiet anq no
sales OF importance. Pulled wo)ls have
beeo ia uoderste demand, and sales OF
SUPER principally at ! to 81 Dor pound.
Choice lots of eastern bring 80 to 80 per
pound. In Australia vools sales OF 6O,00O
pounds at 80 to 40 tnd 100000 pounds
good Montevdeo at 81 per pound, In
carpet woods there have been ssles OF 500
00O pounds Cordovs at 1G psr pound. New
wool 10 backward ut al points and very lit
lie movement as yet. At Louisville oi1sr'
ings ARE liberal and tho mfrset is fairly &C.
tive aud steady. Trade at PHILADELPHIA has
been very quiet. Medium woods are plenti-
full aud weak. Other descriptions IN
changed but iusctiyc. At Chicago wool is
quiet. There 10 no old wool or tha market,
and only few lots OF new crop from tat
sheep have been received.
or the 10Th instant the Inter. Ocean had
th. fnIowlNg TO say: The wool producers
OF SO 'isi Natss, demanding and re.
quiftsg .--.r or their now ian periled
induttf;, Fsssrs in mass convention IN
Chicago .i,-..J. 4-e National Wool Grow
crs association, tho Hon Columbus Delsno,
OF OHIO, president, meets II, tbe Grand Pa
cifc hotel to-day also. there to take
strong defensive, IL not aggressive action,
that 10 designed TO secure national pro.
lection for one oil the great sources OF
national wealth 1t may properly Ia
called mss1 meeting, but one that Ia
com posed OF designated delegates from the
various counties of the wool-producing
states. When Ill have arrived, 200 or 500
msm bers of the association may be expected
20 be preeent. The association will CON-
tiRue in session two or more cayF, and a5
repre- sentative o. n vast agricultural indus
try whose development and very exiatence
DC penn upon tnt prOtCiou sfhutCi ny 10
government, 1t Will speak It's wanta with
no uncertain sound. When IL has
spoken it will await that recognition
IN political action which resides in
the restoration OF the wool tariff Of
1901. And lAls, Ia bIlei, 10 nLss she VOL
men demand, indicated TO areporttr for the
Inter- Ocean yesterday by she Hon. Colum'
bus Delano and other members OF the asso-
citation. II "a a demand universally made
by every wool.growin2 state In the country.
Between 1867 and 1888 the growth o! the
wool Industry. fostered aud encouraged by
the action OF the protective tariff repealed
IN March OF the latter year, was prodieious
and significant. by the repeal OF this tariff
1t is estimated that the loss on their
wool-ciiP to the Eool,eroTers Of the United
al least s2o,ooo,oOo No Industry
is long conducted whose proflts retrcgrade
in this alarming fashion. The wool pro.
due, OF the United States ir, at Its present
stage o, growth. insufficient 10 meet the
don,es,ic demand by oue-ffth. The ma
tive wool-grower demands that protection
against the forsign producer which shall
onset the superior advantages In produc-
ton naturally possessed by the latter.
Ohio, by the statistics Of 1880, has 9S, 0S4
hockmssiers-thst 10, 40 many flocks. In
these there are upward OF 5,OOO,-
600 sheep. At an average OF 81 per
head her wealth in this industry Is S2O,0OQ,-
900 and more. She would like little
protection. 81 would her sister states
where, ia Pennsylvania, there are 1925
fiocss: Missouri, CO, 800; Keatucky. 90 Dos;
New York, rs, 523; Tennessee, 62 924; Mich
icap. O.. l19: Indiana, 1850 Illinois, 80 SOB;
Virginia, 50 49i; Maine. "a 1882: Vermont,
10 SO and 30 on. No wool.grower, and
scarcely any protectionist, needs 10 be re-
mined that the recent effort In congress 70
secure q restoration OF the wool tariff OF
1867 was defeafed. The weol-growers oil
Ohio, - they willingly showed yesterday,
remember the incident very wildly, and
they furthermore talk. democrat and re.
publican, - II Frank Hurd, eloquent and
magnetic though he be, will BE- allowed TO
stay at home when Oaio mskss mp It's
next delegation 10 congress. Among
the delegates to this wool convsntion 10
David Hsrpstcr, president OF she Ohio
Wool-Rvowers' association. He was present
ct the late state convention In his indus
trial capacity, and saw we'll TO 10 that his
wool plank vss nailed securely " the re-
publican platform. He 10 ~ influential
state aud the nation, and he shows temper
10 mako the power Of the wool men Of the
COUNTRY felt IN its political share In the
effort 10 secure governmental protection
for woods snd woolens. He points to the
latest estimated number OF hockmseeers, or
wool non, in ths Unitsd 5setes-l ,02o, 726-
and roughly calculates the Political iphu-
ence of m0h 9 fsctor when they consider
their vote upon the recognition, by one or
other Of Tie parties, Of the crying demand
Of the American wool-grower for tariff pro-
fecuon.