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Boston Wool Market

Boston Wool Market image
Parent Issue
Day
9
Month
June
Year
1865
Copyright
Public Domain
OCR Text

Thora has been a fine cousuraptive i 'leinstid for tine aud mediuni fleece Wool (luiing the p-st week, al prices which do iiot vafy routeriíillj from tboe lat (u .ted. If anylliing, there s a sligbt lendenoy lo shade off in all but the raast awirable grades oï Westein, which re ! iu suiall ntock and in (rime cases beld above tho inarket. A a general tbing, ■ howerer, with the pn.bability of the uew i elip opening at low figures, holden of, ooi are freo sellers at current rattü--, The supjil y of yuarly grades is ainply i Bnfficieut to ci:ry consumera over to ihe uew OFop, and the bn hipee of stocks will piobably bu boiiífht up in sinull lot as ! wunted for ace, and at ratea regulateü (.irinoiptilly by gold and general values. '1 hero is no prospect of my ezoitement i cr activo compolition amorg buyers tc! wards the clo.'-e oí ihe guasón, as was j the catfe liiít ye; r, for the reason thnt j the future of the maiket is oleaily '■ dtiined aiid naiit-factüry to tho j ! ficturitig interés!. From present ajipearunow, and the general feeliiig amíng the trade, the new clip will bo bought up very slowly ihis tar, nnle.ss growers art; wiüing to I meet the views f buyers ard sell at j low figuren. Consumera re in no baste ! to secure supplies. There is plenty of old wool, includiug foieigi), for theui to fall back upon, and whiuh mi.y be had at reat-onable rates. So far as Western operators aud epeculators are concerned, they will buy very cautiously and spuringly uutil saiisfied that prices hitve Bottled to the very lowest point. They were eaily ;n the field laat year, and ha ving great coijfidence thst the war, and war piices, would continue two or three years ïonger, bought up large lots at extreme prices; but wero so badly bitten and ut fault in thair calculutiuns, that thi-i season they wül be likelv to stand aloof. A few nianufucturing agents have gone out to iho woulgrowing nytritts on a prospecting tour, and review, and report that farmers me gnidually nooderating their views, md that e(insiderable ongagemehta o:in now be made for the new stitple at 55aC5o for the differ.nt grades. But even thffb rutcH ar ibove the views of boyera', who are not wilting to contract for auy larue lot at over There are plenty of goods to geil in Bichinond liut a .-carcitv of greenbacks

Article

Subjects
Old News
Michigan Argus