The Arizona champion. [volume] (Peach Springs, Mohave County, A.T. [Ariz.]) 1883-1891, 1889-07-27

Boston, make the following remarks
in the Advertiser of last Friday re
/. lative to the eastern wool market:
The market continues firm, anc
while buyers are not disposed to stocl
up, their wants require the move
nent of considerable wool in the ag
grsgass, and thus the volume O.
business doing foots up fair The
general tone of the market has moi
materially changed from a week ago
manufacturers taking supplies as
they need the wool and paying the
price, but at the same time seeming
to have no desire to buy ahead at
present ruling figures. 1t now looks
as though they had lost their oppor-
tunity in not buying what they could
before the new clip came on, aud the
general feeling is that. no cheap lot
can be looked for for several months
at least. Whether wool will break
from its present value later, will de-
pend entirely upon manufa ,tursrs.
If they can keep from buying for
few months, doubtless holders of
wool will weaken, and be glad to
realize at low figures, but unless the
mills are generally shut down, it is
not believed that manufacturers can
run very long without purchasing
the raw material.
With woolsns in their present
position, there is not much induce
ment for manufacturers to make
goods, as it appears to be sure loss
staring them in the face, and on this
account no one would be greatly
surprised if many of the smaller
mills did actually stop their machin-
cry and sell what wool they may
have on hand. The price of X
Michigan fleece year ago was 25l-
@26c, with free sellers, while to-day
the market Is about 33c, large sales
being made at that figure. This
shows an advance of fully 26 per
cent. over a year ago for this grade |
of wool, while Others have advanced |
in about the same proportion. To
sell goods at last years prices, as
some mills are reputed to be doing.
seems to be preposterous, and, if it
is generally done, it does not appear
clear how the weaker mills will be
able to get through the light weight
season without financial trouble.
Notwithstanding the unfavorable
condition of the market for good,
there is no getting around the fact
that the statistical position of wool
is very strong. Buyers returning
home from Texas report the choice
wool in that state well sold up, al
though some is held in second hands.
In Michigan and Ohio the wool has
largely gone out of first hands, while
the Kentucky market is said to be
very closely sold up. The Terrific
ries are still well supplied with wool,
but enough has been bought at high
prices to make holders strong in
their views, and it would apparently
take several months Of dizziness to
weaken the market there.
The market abroad holds firm, and
tn get supplies in London buyers
have to bid right up to the limit,
and they find great competition on
ie part of English, French and
German operators at that price.
The stock of old wool here is small,
ind the mills also have only moder-
tie supplies carried over, much less
nan the average, as rule. BY this
{ can be seen that the only woy to
weaken the wool market in its pres
mt condition is to stop the demand,
$ even Q moderate business should
g sufficient 30 sustain prices for
pine months at least.
Territory wools are meeting with
oine calls, aud lots that can be
ought at anything like the figures v
few weeks ago are readily snap a
ed up. The later arrivals cost v
ger in the country, however, and a
iyers are asked in advance, conse
nently they keep looking around Ii
at do not purchase very freely.
he shrinkage of the different lots is
far apart that no one seems dis q
'sed to buy of-band without test n
&, and this makes business slow. NJ
looks from rough figuring that at
esent prices asked, fine will cost IN
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