Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-07-06

a The reports received from the leading
markets Of the country by the Wool and
Cotton Reporter Indicate that there is
no reaction in the upward movement
OF the price Of wool. In the past week,
in numerous instances" says our con
temporary "a further advance of one
cent per pound has been established,
and It is safe to say that during the past
fortnight there has been an average
risd Of two cents. The market has con-
tinued very active. the aggregate Of the
sales made being the largest recorded
in several years.
The general situation has been
further strengthened this week by the
announcement Of an advance Of from
8 TO IS per cent. at the opening of the
London sales on Tuesday, where the
bidding was keen and spirited The
position of wool, in fact, in both hem
iapheres, is to-day strong, and present
Indications point to continued strength.
while there has been undoubtedly
considerable speculative buying Of
wool. it must not be forgotten that the
demand for consumption is large. Our
mills are using vast quantities OF woods.
for they are turning out an immense
amount of goods, and their require
meuts are likely to be large. At the
same time. supplies are not too great
These conditions. combined with the
probabilities Of some falling of in the
clip. as we'll as reduced estimates on
the size Of the Australian clip, and o.
growing belief on the part Of both the
dealer and grower that wool is good
property. may be given as the principal
factors in bringing about the present
rise"
The Wool and Cotton Reporters SEMI
annual record Of new mill construction
for the first half Of 1895. to which it
devotes considerable space, makes
significant and highly gratifying show
ing. 1t furnishes convincing evidence.
says the Reporter. that the clouds Of
depression have given way, and that
a period Of prosperity is developing in
textile lines.
1t appears that the total number Of
new enterprises set ON foot since the
beginning Of the year is no less than
POI. This showing VIII be the more
thoroughly appreciated when it is borne
IN mind that during the first half of
last year the total number of new en-
terprises was only lie, and during the
second half of last year it was 147
making the total for the year 1894. 265,
or only 90 more than for the first half
Of the present year. 1t Will De noted
thatthenumberofuewwool has
increased from IL last year to IS this
year. an increase of over 100 per cent,
while the number Of cotton mills has
increased from 43 last year TO % this
year. The number of knitting mills
has increased over last year nearly HUI
per cent
Tt Is also observed that the list Of
endorsements and Improvements in an
imposing one. which furnishes evidence
that textile manufacturers on all lines
are fully alive 70 the Importance Of
keeping their plants IN frst-class order
and equipped with the most improved
machinery. It has been a good half
year for the machinery builders. Some
large plants have been organized. espec-
tally cotton mills, and they have order
ed machinery freely.
Wool alone heretofore has been stub
horn i'm refusing 20 respond TO the gen
eral resumption Of prosperity under the
new Democratic tariff. but it has had
70 come around with me rest. and now,
the poor calamity bowling Mckinley
ties have no longer an inch Of ground
10 stand upon.