Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-08-08
WOOL.

WHEELING, Augu't6 G.
The condition Of the local market is about the
same as last week all parties concerned sitting
back and taking things easy, waiting for some
thing to turn up Reports from the Boston mar
ket in the New York Commercial Balietin say:
The market is in a curious position which can
perhaps best be described as weak with an I'M
dertone Of strength. The effective inquiry has
been so very limited in spite Of the quite liberal
attendance OF manufacturers that there Is even q
report OF regular org a. iZAttOn OF manufacturers
TO bear wool. Certaia IL IS that thee are bring
ing every possible influence 10 bear TO effect that
end though that any organization has been
effected IS more than doubtful There is
the liberal business in sample bslts usual
upon such occasions and hsggling IS pfotract-
ed. The oilets Ct manufacturers are generally
/ q cent below the price at which holders are
willing to SELL aud in spite OF the small supplies
in manufacturers hands they seem prepared "a
wait for something 10 give way. Fine woods
| have given way little. The sharp edge of the
| first quotations on new woods has been broken
off and the market is now no higher than in
| December. Present quotations show loss IN
| those who paid the highest iiglres in the West,
and there is a less eXul ant note in the reports
which come fiOm Western centres Medium
woods on the other hand have held up wonder
fully well in the face OF disappointing de-
mand.
This reaction is natural and usual result from
the wild excitement in the country which rushed
wool up beyond It's normal value How far this
reaction may extend is another question. IL is
known that the clipshOws a shortage in almos.
every quarter. Manufacturers have been buy
ing from hand 10 mouth throughout the spring
and their supplies are less than usual at this
son in spite OF liberal purchases IN the country
Europe IS firm and any legislative action Is ike
ly TO strengthen rather than 10 weaken Ameri-
can wool. In the face OF these facts II is not
extraordinary that there are dealers who
announce that they are ready 10 purchase heav
lily on speculation, should the market sag little
further. To-day, however, there is little de-
mani for fine wool. and the general range OF
quotations is about cent a pound lower on
or, asy wool than the exIeme prices demanded
ut the opening of the new clip
Prices in the country are 32c for fine ieeoe
washed, occasionally 3315c being paid Tor some
choice clips; unwashed One-third OIL; medium
fleece washed % 70 3je; medium unWaShed % TO
&c tub washed 50 to CSC.
PHILADELPHIA, Pa, August 6.-Woo,-Quet;
prices nominal and unchanged; Ohio, Penn
sylvania and West Virginia Xxx and
500: coarse Sass New York, Michigan
and western fine or Y and Xxx 3l0S3c;
medium 37a3Sc: coarse 36a37c; fine washed
deaine Y and Xxx 3ia37c; medium washed
combing and delaine f0a4lc coarse do 3saf0c;
Canada washed combing 3la36c; tub washed
29a3lc coSrse do 2Sa29c: Montana fine 20a22c;
medium 22a2Gc; Goa rse 291la245.
BOSTON August 6.-wOOl market quiet, with
very little change; Ohio and Pennsylvania y
33c; Xxx 3ia35c: Xxx and above 3ja36c; No /
$50; Michigan Y 33c: No. | combing i0c Ohio
fine delaine 3jc: Michigan fine delaiue 35c; I'M
washed cOmbing 30a}lc: Territory, TeXss Oregon
and California woods in fair demand al 60a6jc for
fine 60a63c for flue medium; pulled woods steady