The Providence news. (Providence [R.I.]) 1891-1906, 1892-06-11
For Closing Quotations and Latest News
See Page 8.
WEEKLY WOOL MARKET.
Reported exclusively for the NEWS by q. II. Good
hue a Co., Providence and Boston.l

hue Co.. Providence and BostonJ
PROVIDENCE, June II, 1892.
Although the wool market has not been
so brisk this week as last, fair amount
of business has been done at prices un-
changed from those of the past month
The market may be regarded as having n
fairly steady feeling, with indications of
the establishment OF good healthy tone
as soon as prices become more settled in
the West Buyers are disposed to await
the calm that must surely follow the ex-
citement which each year prevails in
the West during the opening Of the
new market there. The fever which
attacks our Western friends every spring
IL of short duration and buyers do not
have to wait long for the prices on woods
to reach their natural level. There is no
denying the fact that woods are low with
an unusual abundance of wool this sea
son. Why shouldn't they be Still, with
increased consumption the general
opinion appears TO prevail that the pres
ent ruling prices Will be maintained dur
ing the coming year.
There appears to be scarcity of pulled
woods, and very little demand for them.
The continued craze for chevoits calls for
medium grades more than others. Good
b supers are quoted at 43 to As cents on
secured basis. while extra fine AS will
bring SO to 90 cents cleaned.
Some fairly good lots Of Territory have
come in, although until there is some re-
huction in prices the market in these
woods may not be considered as estab-
hshed. This years clip is generally con-
ceded n good one. although the woods
from some sections arc much heavier
than those of last year. On secured
basis the average prices OF Territory
woods have been from SO to 80 cents for
fine, and 81 to 56 cents for fine medium,
The sales for the week amounted to 49,
900 pounds.
Shearing has been greatly delayed in
Michigan owing TO the cold, rainy weather
there. Consequently this class or wool
is not much of a feature in this market
Just present. Should these woods be
put up honestly we cannot but think that
Ihe rain will insure some Improvement in
their condition.
Spring Texas woods are arriving in large
lots, and are being taken quite freely at
prices of from III TO 10 cents, or on a
occurred basis of about SO cents per pound.
We do not note the arrival OF any long
staple Texas has yet.
Large lines of spring California are
coming In, and are being sold quite rapid
". Long, fine, free wool is quoted on n
lecond basis at about So cents. There has
been considerable business in short staple
woods at from ID to 1515 cents per pound.
There has been very little doing in
carpet wools, prices remaining about the
same as last quoted.
The next London sales open June 14th
pnd the general opinion seems to be that
prices will rule firm. The business here
ln Australian wool continues in steady
manner with prices unchanged at from 32
to 40 cents.
The receipts Of wool in Boston this week
have been 1S,436 bales compared with H.
6l0 bales for the corresponding week last
year. The total sales this week amounted
TO 2, 900 lbs. against total of 2,491, 900
lbs. for the corresponding period of 1891.
The total sales since January lst amount
TO 7,2O0276 lbs. more than for the same
time last year