The San Francisco call., 1897-09-11
THE WOOL TRADE.
MAGNIFICENT Results of the Republican
Tariff Bill Now Apparent.


robn WoIInet,s circular SAYS: It is a long time
since wool town was as lively it has been the
past week. All the lacking, grading ana securing
mills are busy. Even Labor and Admission uay 5
were not observed. The movement or wool ID
enormous comprising all kinds. woods selling
from SC TO ISc. The arrivals have been very I'D
ersI as lots of old woods which were held IN the
country Tor two three years nave peen mar
keted I he country is flooded with woolouyers'
and there are som etimes three or four buyers on
one clip of wool, so the sheepmen have harvesr
and they are not slow in taking advantage OF the
eaue The Eastern market is reported very
active and advancing. The woolen goods market
although between seasons, is very lively ana the
oIen-mills have TO refuse ORDERS Hardly any
body expected such a state of affairs, even after
ths tariff bill passed AMI with the enormous STOCK
OF wool in hands of the mills all over the
country, everybod expected quiet market but
so far there has not been let-up and woois ao-
van ced from &c to SC per pound IN The grease, or
from Oc l2c on the secured basis since the
Iariff DILL into effect 1t i'll take very lutte
time before we will have wool on an importing
basis ~ o week closes with a strong active de-
naud for 81 kinds of wool
The same dealer saws in his eighth semi-annual
report Of The wool situatiO 'Iu March, the mar
ket opened firmly, being % TO 81 per cent hisher
than last year in anticipation or the passage OF me
tar IL bill and great amount of wool was sold AT
good prices up TO the first OF May. During the
months of May and June things quieted down
materially as people did not know when the tarif
would be pu. in operation, and every enort was
made 10 t,ile in ali the foreign wool and en-
country Finally, about the first OF July, when the
tariff bill had passed the Senate and had gone 10
the Conference committee, a speculative feeling
arose and larger sales were made In the nrSt three
weeks OF July than have ever been made in the
history of the United states
Everyb body expected that after the tarln Dill
had been passeI there would be a quiet market.
They agreesbly di appointed, however, AS
The mark ct kept Lively rate, and ins cad OF
Ii OF "A OF domestic wool being sold 10 23 or "a
OF foreign, domestic wool came 10 the ireut, ss es
We're reversed aud three times more domestic
woods were sold than foreign.
The market has been creeping up until now II
is frOm 90 to 90 per cent higher than 1t was DUR
ing the free wool tariff, and il it still keeps on Il
viii not be long before wool Will be on an i'm
porting basis. There several reasons for this.
In the first place the foreign markets even after
the American support had been Withdrawn, Kept
strOSg, owing to the shortage OF the Australian
and South American clips The general property
OF the country with high prices for ali farm
products is also factor IL is no; surprising,
even with the large stocks OF foreign and domestic
wool on ham, that:prices are firm, there beng a
liberal demand with advancing tendency.
California, Nevada and oregon were especially
favored with good prices for wool and mutton,
which will make wool growing one of the most
profitable businesses.
The outlook is good for steady market 8 nd
fall woods especially Will command good prices.
l. would not surprise me much If prices would
soon be par with the prices of 1892. Mutton
commands a good price and stock sheep are want
ed at rig her prices than in 1895, h good many
four years are stocking up again. The outlook is
that ii VIII not be long before we have larger
Clip on me Pacific Coast than we have ever had