The Providence news. (Providence [R.I.]) 1891-1906, 1896-09-03
THE WOOL TRADE.

Sales at the Lowest Prices on Record.
The American Wool and Cotton Re-
porter will say today OF the wool trade:
There have been a larger number OF
leading manufacturers in the market
looking around, and some good-sized
sales are reported. Sales are at the lowest
prices on record, and undou Dtedly very
considerable portion of the transactions
In the last few weeks can be traced TO the
condition Of the money market. There is
O general feeling that the next change
will be for the better. A large amount
OF wool could have been solo the past
week II dealers had been willing to mod
ify their prices slightly. Not few deal
ers received bids for !, 900, 600 pound lots
at figures some what under the asking
prices. 1he manufacturing situation does
not improve. but at the same time some
lar 20 manufacturers are in the market
for large speculative lines of wool.
Sales in Boston, New YORK and Pbila-
delphia the past week aggregate 4,377, 500
pounds, 3, 3,s2l, 900 being domestic and 555,
200 foreign. Sales since Jan. 1 aggregate
120, ,92s, 146 pounds against 229, oil, ,324 dur
ing the corresponding period of last
year.
BOSTON.
The situation Is, on the whole, a little
more encouraging than at the last writ
ing. There have certainly been a larger
numb Der Of leading manufacturers in the
market looking around than for some
a; -
good-sized sales in a few quarters. The
presence has been noted of the Pacific
mills and other extensive combers, and
not little wool couid Lave been sold
had the holders been disposed to bs
u tie more liberal in the matter of conces-
siops. Nearly all the large ills it is re-
ported, have ordered sample bags. Ger
tain manufacturers who have not been
seen in the wool district of Boston for
a long time have been noticed mousing
around IN the last few days. Several
lots of wool (both domestic and foreign)
have recently been shipped to Europe.
Sales of the week aggregate 2,9S3. 900
pounds, 2,6S3, 900 being domestic and 300,
COO foreign.
Sales since January aggregate 63, 240,-
600, last year, l3, S06,279.
PHILADELPHIA.
The domestic wool market this past
week has been quite active, considering
the limited demand just preceding. AS
the time for the election draws near, there
is perceptible growth OF confidence
each succeeding week. and while some
large mills represented in this market
have large stocks of wool still on hand,
they have not hesitatei to purchase on
speculation where they can obtain wool at
their price. In this way some large blocks
OF territory and uedium wool have been
sold, at prices which, no doubt. will he
hard to duplicate again this year in this
market. Even more business could have
been done had more holders been willing
to shade prices.
sales of the week yere 933, 900 pounds
domestic, and lI5, 700 foreign, making n
total Of 100, 600. Sales since January =
aggregate 3O,0is, COG, against AZ, OPS, 745 last
year.
NEW YORK.
The situation has not notice1hly
changed since last writing. The safes ag'
gregate little more than was reported
week earlier, but there can be said to be
no percoptible improvement in demand.
The small increase In tho amount pf do
nestle wool disposed OF Is chiefly ex-
planned by some recent transactions in
pulled wool not previously reported.
Prices for domestic stock in general are
pretty steady. Sales OF the week were
POS, ,ooO. pounds domestic and lao, 900 for
eign, making a total of 3i5, ,0oo pounds.
Sales since January / aggregate q, 60g,-
abo pounds, against 4s,276,3OJ pounds
last year.
ST. LOWS.
There has been fair trade this
week. The demand IL general from
eastern and western mills. Prices are