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Boston Wool Market

Boston Wool Market image
Parent Issue
Day
28
Month
July
Year
1865
Copyright
Public Domain
OCR Text

There bas been a good consumptive demand for wool during tfho past weok, and nll desirable lots ofleriug have boon rondily iaken at ratea which aro a shude higlier than have been retdiZed for a i long time pnst. Manufacturera, not exaotly liking the appearanee of thingi iu, and tho tenor of reporta from the WOol-groing distriots, are atixious lo secure all the staple they can, suited to their Fall production of goods, at preseut rates ; aud consequently tho volume of transaotions has beeu limitod only by the small selection which tho market aliords. The new clip is beginniug to come fonvard more freoly from some sections of the West, but none too fast to supply the wants of consumera, aud all lots of fine fleece, as well as long staple grades suitablo for dclaining, are promptly taken as soon as opened, and considerable quantities have been sold to arrlve. From New York and Michigan the receipts have beeu quite liberal of late, indicating that buyers and eel Iers have generally ooine -to terius in those States. But tho new clip of Ohio and Pennsylvania is not yet represented in the market to any extent; and the choiee fino fleeccs of these lattor States are Btill being firmly held by farmers above the views of thb commercial classes, so that agents are utterly uuable to fill orders. ïhis condition of things rendora the Easteru markets very firm for clínico lots of old wool of tho growth of that seotion ; and sinall pareéis Lave been sold during the past week at 3a4c adVance upon the highest previous rates. There have also been larga sales of pulled wool, ineludinj? nearly the wholc oí the better grades on the market, and good country supers and doublé extra are now wanted at extreme rates Low aud medium wools are not much inqnired for, though light and good-conditioned lots of these, of the old órop, are held for full prices. With the seceded States returned to the Union, literally sang atletes like the Prodigal Son, and vwtb our home markets virtually shut figainst the better grades oí foreign staple, the oonsumpion of domestio wool during the oomng Fall and Winter must be neoessarily immonaó. In thisview oí the case, considering, also, that the old clip bas already gone into coosumption, and that tho supply of cotton goods wa-s never be fore so meagro at this season, the oftort to cut down prices must necessarily prove futile; and manufacturéis iiiay as well make up their minda first as last to Day roundly for their raw material, and charge the fuü coat to the actual conumer of llieir fabrica, a good share of which w i 11 ultimately be borne by the wo-ol g'ower himseif. fSaluB of domeatic for the week foot üp gome 575,000 Ibs, at a range of 56a 78c for fleece, and 63a80c for super and extra pulled. Included are lots of old Vermöut fleeco at 58aG5, new New York at ö0a63, mixedwestern and Ohio at 65aG8c, now Michigan at 65a70e, and old Ohio at 75a78c. - Commercial Bul 'ett'n.

Article

Subjects
Old News
Michigan Argus