The Republican. [volume] (Oakland, Md.) 1877-current, 1893-06-01
The Wool Situation.
The circular of Justice Bateman
& Co., just issued. says:

Il
& Co., just issued, says:
Those in the wooden manufacture
ing business are now brought face
to face with conditions which never
before came within the experience
of the business men of to-day. The
exact state of trade is imperfectly
understood in the wool-growing
sections, and the scope of an or
binary price current is inadequate
to describe the true state of the
eastern market. We therefore,
supplement our own wool report
with opinions of conservative jour-
nails. Below we give extracts from
The Manufacturer of Philadelphia,
and the C0ston Commercial Bulletin
.(protection), and extracts from the
Philadelphia Record and the Boston
Herald (democratic). The similar
conclusions arrived at by these au-
thorities, differing so widely IN
their point of view, are worthy of
note.
THE PHILADELPHIA WOOL MARKET.
From The Manufacturer" MaV 20.
"The wool trade haIts in dismal
uncertainty of the future of prices
and Of the conditions affecting the
consuming industry. This is the
betsaen seasons period in the man
ufacturing trade. The spring bus
mess is over, the orsers for fall are
generally in process of manufactur
ing or delivery. Ordinarily the gap
between this and the time for start
ing on another seasons production
Is bridged over by the work on du-
plicate orders and by making goods
for stock or tops to be turned into
yarn as weaving wants may be de-
veloped later in the season. But
now the Implications are unusually
cautious and mills will not make
goods for stock in the face of pro-
posed tariff changes that may block
their sale except at a sacrifice.
Nor do they care to make tops of
wool at present prices in uncertainty
of the future demand and in the
face of the prospect for future
shrinkage in the cost of material.
For these reasons the shadow of
impending tariff changes is sub
stantial obstruction to business in
the wool markets. The lndiffer-
ence of buyers is logical outcome
of novel and perplexing situation
never before confronted by the
wool trade, and not mere bearish
pretense with view of forcing
down the price of wool. Some lit
tie machinery has already fallen
into disuse and more is likely to be-
come idle as the season. shall adj
vance.
THE BOSTON WOOL MARKET.
From the "BOston Commercial Bul-
letim" Of Nay 23M.
"The mills are still using of lib
eral quantities of the raw material
and with the orders for heavy
weight goods on hand they will keep
going for some time yet. SO far,
there has been very little shutting
down for the want of orders, but
duplicates have not been received
in very large numbers, and there is
a feeling that when the time comes
rou nd for getting contracts on light
weights, there will be a general hol-
idav. 1t is the dread of the future
that makes buyers hesitate in all
departments. AS it appears to be
the policy of the present admins
tration to lower duties on wool and
and woolens, of course the feeling
of uncertainty must continue un-
til it is clearly understood what is
to be done.
From the "B0st0R Herald" May IL.
"Owning to the dangers of tariff
legislation before the new wool,
bought at the present time, might
be disposed of, it behooves the ouv-
er to get the new clip as nearly
down to a free wool basis as posi-
ble."
From the "Boston Herald" Nay 10.
The wool market is depressed
There is, in fact. almost an utter
generalization of both demand and
values. 1t is tending to make buy
ers of the new CLIP most remarka-
bly, careful. The feeling in the
trade here is very pronounced that
wool must be bought this season on
a basis of free wool. The coming
clip, already offering in some Sec
tons, must be bought this season
on basis of free wool. Tine com
ing clip, already offering in some
sections, must be bought by the
dealer, or the manufacturer and
held six, eight or twelve months, as
the case may be, and during that
time 1T is pretty likely to become
worth no more than the same grade
of wool from abroad is worth, Land
down here free of duty, through
tho aff.,ct of actnal tariff laOislation