The Providence news. (Providence [R.I.]) 1891-1906, 1896-08-20
THE WOOL TRADE.
Values Are Now Steady and Trade Not
Forced.

Forced.
The American Wool and Cotton Re-
porter will say today OF the wool trade:
There is little more hopet ul feeling
in the wool trade. The improvement In
the financial situation.and the growing
feeling that the prospect for Republican
success in November Is becoming
brig hter are the principal reasons for
this. The aggregate sales In the prin-
cipal markets are in excess Of last week,
but business continues exceedingly
quiet. There has been more looking
around on the part OF manufacturers
than for some time.
The manufactures have not as yet de-
rived much encouragement from their
lightweight sales, bot they have taken
of the situation to discover where and
on what terms they can place their hands
on the various grades of the raw ma
terial which they think they may be
called upon to use later on.
Values are steady, there being little
Boston, New York and Philadelphia
for the week aggregate 2, ,S79, 100 pounds,
of which /, 623, 100 poun is were domestic
and 1,256,00 foreign. Sales since Janu-
airy /, ia, 1926. 3i6, against 2l7, 776, 624 dur.
ing the like period Of 1885,
BOSTON.
Looking at the market from ths point
of tran sactions, little change can be
noted from a week ago. A moro hopeful
feeling is clearly noticeable, however.
This is to be accounted for in no small
measure ny the opinion that the outlook
for Republican success at the polls In
Novem ber is becoming brighter, and also
by the improvement in the general finan-
cial situation, and by the fact that tbs
banks are not SO implacable in the matter
of loans as a few days ago.
There have been more persons in the
market looking around than for some
time past. Some fair sales OF territory
are noted. Pulled WOODS have ruled very
dull. Prices are firm. Sales of foreign
stock have oeen very light. Exports OF
Australian wool are reported, and also
some domestic stock, one lot as an exper-
iment and another at profit Of zig cents
per pound. Sales OF the week amount to
1881, 200 pounds, LILAC, 900 being domestic
and lS5, 900 foreign. Sales since January
/, 5S, 800; corresponding period Of
last year, 1926, 412,z 10.
PHILADELPHIA.
The market continues quiet. Sales con-
sist of hand-to-mouth lots from 1000 to
10, COO pounds. Manufacturers rather han
speculate prefer 10 visit the market often
until they know the extent of their
orders. Prices remain firm, concessions
only being made when the seller has
wool he must realize on. A fair trade is
noted in territory wool; pulled stock is
very quiet. There has been very little
doing In foveign woods. Sales of the
week aggregate 500, i0o pounds, 35S, 100
being domestic and l5i, goo foreign. Sales
since Jan. /, 2S.6l6, 500 pounds, as COM
pared with 45, 302, 279 year ago.
NEW YORK.
The marke' continues lifeess, the de-
msnd being D ry light. There is some
thing doing IN pulled woo. Prices on
domestic stock are nOminally steady,
there being no general pressure TO sell.
Occaionally concessions are made in in
stances OF cash purcha-es. One lot Of
Donskoi 600, ,001 pounds) sold at slaughter
prices. Aside from this sale there has
been little done in foreign woods. sales
OF the week aggregate l,039,00) pounds,
l19. 600 being domestic and 92O, 900
foreign. Since January 1, 27,024, 800; q
year ago 46, ,062. 800.
ST. LOUIS
There has been considerable ssmpling
done. Sales have been made at lowe
prices In the history OF the wool trade
here. Several lots Of western wool have
been sold. Pullcd woods arc quiet.