New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-05
affords without producing the slightest result
we will consent for our part 10 walt till then
for a detailed description of the process.
WOOL AND WOOLLENS HIGHER.

WOOL AND WOOLLENS HIGHER.
Messrs. Coates Brothers circular Of August l
shows further advance Of 90 cent In the
average Of quotations for Ohio, Pennsylvania
and Virginia washed fleece 06 cent in New
York Michigan. Indiana and Wisconsin washed
fleece. 05 cent In the average for combing ana
delaine washed fleece, and a triiing advance
In unwashed light, with no change In other
quotations. In place of 1920 cents the aver
age Of 100 quotations of which comparison was
given for July II, the average August | would
be 2O4O cents 1t Is stated that values are
really no higher, but washed woods command
"better quotations. because they have now
"come forward in sufficient quantity to take
"tber place In the market. While former quota
"tions were based on the last sales OF the rem
"nonts Of the old clip" The demand IS now
largely from consumers, It is said, sales OF
goods favoring firm prices except where spec
ulation has carried certain descriptions beyond
the ordinary demand. With this evidence there
is also "A strong tone in the goods market with
some further advance in quotations during the
last ten days.
But the quotations OF goods have not adj
vanccd quite in proportion to the prices OF
wool. The comparison of quotations published
in "Dun's Review" shows an average advance
little over per cent from the lowest point last
February and not 4 per cent since May l. max
ing the present ratio 10 the base line years ago
81 a per cent But the quotations or wool 10
the same base line would average 62.S per
cent. q correspondence Sufficiently close, ana
vet not calculated to stimulate hope OF fur-
Their advance In material unless goods rise high
or with liberal buying The problem Is largely
one Of tho readiness Of consumers 10 pay hlgher
prlces. and to purchase better grades or goods
than they became accustomed to purchase III
the years Of depression.
The official returns for the fiscal year indl-
cate that for the first time In many years eA'
ports have slightly exceeded imports or CIaSS
No. 1 wool nv 2s0,238 pounds II the unclassliied
domestic exports. amounting 10 l.6S34lo pounds
are reckoned Of that class. as nearly all WERE
Net imports Of Glass No. wool were only
1.946.6s7 pounds. and Of carpet wool Vo'9'+'t-o
hounds AS the quantity OF carpet WOOL III
warehouse has not much changed, the con-
sumption appears to have been about 6l,coo-
600 pounds. with many Of the mills Idle part
OF the year, against about 56OOOOO POUNDS
when the last census was taken. IL IL saIe 10
saw that consumption OF this class has not beeA
greater I'm previous years since 1882, so that
for ak vears ending with last June 100000
600 mounds would be all that could have
been consumed IN that manufacture, and more
then prohablv was so consumed But 53iSo2,'
bs5 mounds OF such wool were imported less eX'
norts in those years. and only 3l,SS5,s2O pounds
were in warehouse June !. indicating that about
1A3 600 900 pounds at the least though import
ed as carpet wool, have fonnd consumption as
mi IN
The net imports Of Glasses No. ! and No.
.,ncc the passage OF the Dlnglcy net, less stocks
in warehouse. have been only 140224l6 pounds
IN two years. But IN tho previous four years
tho net imports Of those classes, with stocks IN
warehouse on July |. 1893 amounted 70 oo''-
OO6ts7 pounds. and domestic production was
I24o.50029i pounds. Returns OF hahds en-
plored have Indicated consumption Mt the rate
of about 100000 pounds to THE Textile
World" in August. 1893; at the rate or -oS
100000 pounds In November, 1so3, ana an
coo 600 pounds in November, 1874. 10 Duh
Review; and at the rate OF 397,Gooco POUNDS
in March. 1895 and 800 100000 pounds IN July,
1890. 10 The American Economist Such data
indicate n total consumption in NIL manufacture
not exceeding LAO 100000 pounds In the four
wears preceding the new tariff, and II 6O'ooo'-
600 pounds yearly he allowed for carpet CON
sumptIon. only l20OOO0,OO0 pounds OF other
wool. This would leave 54700OocO pounds on
hand two years ago, besides the two clips OF
1897 and 1898, officially reckoned at o28'OOo,oW
pounds making about 1,078OoOOoo pounds tor
consumption In the last two years. besides the
$4,000 900 pounds Of carpet wool not accounted
for. Even the highest estimate Of consump-
ton In two years would leave more than 3oo'-
100000 pounds Of old wool still remaining FOR
consumption To this the new clip or TINS
wear has to be added. most Of which has al
ready passed into dealers hands at compare
tively high prices Yet even higher prices were
paid MS late as February, 1898 when the stock
OF old wool In the country was many million
pounds greater than It is now