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Boston Wool Market

Boston Wool Market image
Parent Issue
Day
21
Month
July
Year
1865
Copyright
Public Domain
OCR Text

There is a good consumptive demand for wool, but transactions are resiricted by the lack of supplies. The market is al most bare cf desirable lots of staples. Old ühio, Pennsylvania, Virginia, Michigan, and even Vermont and New York wool, of the bétter grades, is a fhiug of the past, and very little now is coming forward to supply its place. None of the product oí the threo first meationed Sutes h:is yet reached this market, and the email lots of Michigan and Now York new erop, thus far recaived, have beeu snipped tip with the greatest avidity by manufacturera for immediate uso, and we hear of eousiderabla quautities Eo arrive. Congumors would liko to buy largely ahead oí ihcir present wants at rales uow curreut in the Eastern markets. JBut no wool merchant or outside operator is prepared to. sell for future delivery, for the reasou that Ihev csnnot therasulves determine, or even approxi mate, from any relia blo data, at what price the bulk of thu clip eau ba secured f rom first hands. They ara npw holding off, fur tho reasoa that they cunuot buy to solt ogain at any profit, and manufacturiag agenta and ooinrBwsiac merobatjts make vory slow progress in filling orders and procuritjg consignuionts. Buyers and sellara, especially in Öhio and Pennsylvania, are wide apart in tboir views, and unthirg can be done, apparently, until either prices ndvance iu the markets of oonsumption, or growors are indneed to abato souiewhat of their pretensious. With the present scarcity of slaple in commercial ch-nnels, it would seem that the former result is not improbable, and that wool here upou the seaboard wiil be higher as the aenaon advauces and tho goods markst becomea active, especiaiíy if growers aro dotormined to stand out, and gold qnot-ntions continue near the present mark. In tact, there will never be much chance for consumera to mako a controlling voice in the vvool rnarket at Ihis season of the 3'enr, so long as the old dotnestic clip continúes to be sold close up pending the receipt of the new. The transactious have been largely iu pullod wool during the past weck. This description is much wanted in view of the late movernent iu flanncls, and choi.ee lotsofsupor and extra are soarce and command very full rates. Tho low nnd medium grades oí botli fleoco and pulled are not so much inquired for, on account of the prospoctive light domand for arrny eljths; aud these grades, during tho next wool season, will be ncglected or bought up at relatively low prieof. Fine foreign wools are very firm, and mostly Jiold above tho views. of buyers at rates which are bnrely remunerativo to the irnporter. Sales of domestic for the weck foot . up somo 075,000=", at a range of G7a 75c for super and extra pulled. Includud are lots of' old Illinois fleoee at 57u61c; old New York at 58aG5c; 55,000 ïbs new do at 00a63c; considerable pareéis of Now Michigan at 62a ! 65o; and 10,000 fts of choico old Ohio ! al 75c. Canada comtjing is ralher dull, j ánd selling in mail lots at 75a80c. In i foreign, tlie sales have been moJerate, I but at full rates, iucluding 125 bules of Cape at 35a40u, and 50 de Mestiza at 28aS2c- Ccm. VuIMm.

Article

Subjects
Old News
Michigan Argus