Middlebury register. (Middlebury, Vt.) 1886-1937, 1886-04-16
Sheep 0nterest.
THE WOOL TRADE.
LFrom the Wool.Grower.l

'''1 WV ''hNOG'
From the Wool.Grower.l
Mr.. Joseph Walworth. the veteran wool
buyer of the Pacific Mills, gives the fol-
lowing opinion as to the future prices of
wool: "a good deal of attention was
given last year to the low price of wheat
in England. think it was BIS. the quar-
ter 6 bushels) or about 81 a bushel, and
that was the lowest price in London for
a hundred years. But the price of wool
was equally low. | bought cOmbing
wool in England the past season lid to
I'D cheaper than ever bought it before
in my life. The price fell pretty low in
1873. but not a. low as it did in 1885. 1t
is up Il penny to penny and half now
above the lowest price. But some of the
shrewdest men in England think the flu
ture is to bring us very cheap wool. \
manufacturer who began his career on
wages of fl week and is now worth
over 81 ,000, 900, told me that he expected
to see wool eventually as cheap as cotton.
In fact. you can buy Montevideo wool at
I'd in England to-day. Then New /ca-
land is raising GO, 100000 pounds of splen-
did wool. and has introduced English
mutton sheep and English grasses. and
the Improvement of steam communica-
ton has practically annexed that country
to the mainland of England. The ship
mcnt of frozen mutton from New /ea-
land to London enables the sheep owners
to produce wool at a lower cost. by fur
nishing them market for the flesh aS
we'll as the fleece. Even at the low price
of the past year, sheep farming has paid
/ 80 per cent in Australia and New Zealand,
and as the market for mutton widens,
and competition increases, there is no
knowing how low the world may secure
its wool in the future"
From Fridays Boston Journal
Another quiet week in the wool mar
kct. and trade continues unsatisfactory
adm uncertain. Manufacturers who have
special lines of goods to turn out to com.
plete contracts are purchasing moderate
ly, but trade is dull, the sales limited,
and buyers are quite Indifferent about
future supplies, so far as this market Is
concerned. The prospects of Il favorable
change are far from clear. Foreign wool
continues to arrive quite freely and sup
plies IF all kinds of clothing woods are
increasing, Two cargoes of Cape, re-
ceived this week, have been shipped to
Canada in bond, but the assortment of
Australian Offering is quite large, and
Montevdeo will also be in good stock ut
an early day, with considerable on hand
and to arrive. At the same time the do
nestle clip is now pressing for sale, i'll
Guiding some 50000,000 pounds in Cali
fornia and Texas. to be followed by large
clips in other States and Territories. In
view of these facts it is well for the trade
to hesitate and purchase sparngly, es-
pecially as it is not known what the labor
troubles may lead TO. The sales of the
week have been $4,000 pounds of all
kinds.
The market for washed fleeceS has
been extremely dull. and prices are for
the most part nominal. We quote Ohio
and Pennsylvania at 30 to 81 cents for y,
81 to 33 cents for Xxx, and "a cents for
Xxx and above. In Michigan fleeceS
nothing of any consequence has been
done. The stock is small and in few
hands. but cannot be quoted over 30 cts.
per pound for y. No. | flecces have
been more inquired for, and sales have
been made that will not be reported until
next week. We quote 81 cents for Ohio
and "a cents for Michigan. The sales of
Ohio and Pennsylvania for the week
have been l,4OO pounds, and include
1000 pounds Ohio y at 30 to 81 cents.
81, 400 pounds Ohio and Pennsylvania Y
and NN at 81 To "a cents, and 5000
= pounds No. | on private terms. The
, sales of Michigan have been $4,000
, pounds heavy on private terms. There
have been sales also of 100000 pounds
) fleeces, various grades and qualities, at a
, wide range of prices.
= The demand for combing and deaine
/ fleeceS is light and nothing of any conse-
} quence has been done. Fine delaines are
, not much inquired for and cannot be
2 quoted at over "a cents for Ohio and 33
cents for Michigan. The sales of the
= week have been 1880 pounds at from 80
= to - cents per pound for combing and
: delaine.