Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1888-10-05
wool HAS GONE Ur.
what Boston Merchants lay of the Iu-
crease la pIice and IT'S causes.
[Frum the Boston Post.l

[Frum the Boston Post.l
The wool market for the past six or eight
weeks has improved very uoticeably, and
the price Of wool has gone up several
points. a reporter called On several OF
the leaGiug merchants to learn the cause
Of this rlse.
one merchant said Yes, for the past
year aud IA half the wool market has been
very dull indeed, and last year a large
amount of money was lost in the bust
ness. Prices were not only down, but the
market was depres sed aud weak. Prices
We're undoubtedly too low, and IL was also
reported that the number Ot sheep was d.
m,ulsuing. 30 TINS rise IN the price OF
wool comes, think In the natural order
Of things. Merchants and manulaCtut-
ers alike have taken hold OF things aud
The prices have advanced from two to four
cents on a pound, or about 10 to 10 pei
cent. TAis nll applies to domestic wool.
The lat, ST advices from London, however,
show that there bias been an Increase III
the price Of colonial woo Is oil about 10 per
cent, and al the last sales the market
opened very strOug. think, also, that tnt
prices Will continue to 20 up and the con
titluu of the market continue to improve.
The prices are not up now as high As they
were before the depression Cdnie, ana
neither are they mp rs high as they should
woods that can be imported to compete
with tbe domestic woods. We have had "A
healthy and beneficial rise, which think
Will be maintained until the prices have
lone up f ON t. 10 per cent more
a Federal street merchant, W no did no
wish TO be quoted, stated that the rise was
Il good thing and mad made the ma ket
healthy, active and strong. There was a
much better feeling among manufacture
ers aud merchants than there had been
for some time. 1t was not likely that the
price would 20 up any more, for the Aus
tralian wool cliu would soon he in the
market and would have its effect upon the
prices of domestic woods. The improve
lnent IL prices was not to he wondered at g.,
for the market in May was so dull and
! prices Were so low that it was only natural
10 ilnd that the minimum point had been
II ached Sales began to increase, aud
naturally the prices went up. The al
| vance was not unprecedented, however,
as the prices now were not as high as they
| Nere when the market was in its best Coudl.
ton two years ago. II the Improvement had
been the result Of speculation, a mucn
more marked advance would have been
noticed than there has been.
At the Territorial Wool association the
situation was characterized as "a great
| Improvement over the depressed cOndl
zion of a year ago The prices On domes
Tic woods bad gone up about three cents
on poul' ], ana IL was very llhelN lDt'
they would go up still higher. The condi
tiou Of the market, not regarding tht
| prices, was ever 50 much better than il
was. Previous to the rise in prices mer
Giants were anxious to dispose of then
stock, and wOulc take almost any price
1t was not an uncommon thing for then
| to sell, two or even three cents under tn,
price first asked Of Il customer. Now tn,
tables were changed. Merchants are ver'
firm i'll their prices ana do not sell unless
hey obtain their prices. They general,
get them