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Boston Wool Market

Boston Wool Market image
Parent Issue
Day
26
Month
April
Year
1872
Copyright
Public Domain
OCR Text

The wool uiarket remains very quiet niii prices are without quotablo olíanle ;hough, as is alwuy.s tho case when the Iemand is Black, buyers have a little adrantage ia negotiating ior round lots, ispecially if they are ready to puy cash. But selléis, on the otlmr hand, aro not ireaaing, as thair stocks aro extremely ight, and boliuving, as they do, ouageniral -urvoy of. the situation both at homo nul abroad, that pricea ave airoady aslow is they ure liküly to go tbr a long time to COillü. There is very littlo doing in domcstic vool, and pnoea are burely sustainod, either for fleeoe or oulled, notwithstandng the scarcity. The new erop Austraiaa, now coming forward, is beinglargey substituted for tho former, while tho irodnct of imported shfiepskins goes f ar 0 meet tho demand for the finer grades f the lattor. Combing wools, liowever, ro düEcult to obtain trom auy source, nd oomiuaud very i'ull prices. Thefcock f California wool lias buen reduced to a ery small coinpass, and the latest aoouuts froui the Pucifie coast are far froin Qcouraging m to 1 lii prospect of an eary, literal 01 choapsupply t'rcm thatquarar. Tlic gold pnces ueiug paid to growrs for the new spring clip (which comes 1 very slowly) are autually liighor than Je currency pricea now ruling in thi tarket ; and henee, with au adverBfl marin on shipnients, eastern buyers are not ble to do anythiug as yet. For fine foreigu wool the niarkot is uniiauged, although the feeling is fully as trong as before the opening of tbo Lonon sle. Tho result of that sale thus ar has been rather more favorable for loldersthan was antiuipatfld. The prices d exhibit no material variation rom the average rutes of the Pebrnary lie (r:n ging froui lód to 19d for unwashd Austra.lian), a;id tho latest oable ad068 ie[n rt a stjady and well sustüined nuveii.ent. This has ipparontly strengthïed the views of importéis who have inoea of these wools now coming tohand ireot froiu the supply ])Orts, since their ireaent eost laid dowu herefrom London, uty paid, would exeeod by 3c or 4o per ). the rtitos at which they are now sellug froiu seeoud hands to actual consulera. Saks of tho week foot up 215,000 lbs of omestio and 375,000 lbs foreign. Inclued in the former are 1,000 lbs XX Ohio eece al 86c ; 1,000 lbs X New York, 70c ; 2,000 lbs X Michigan, SÜc ; 1,000 lbs ïeuvv Vermont, 70e ; 20,000 lbs unwashd New Hampshire, 50c; 3,000 lbs univaslied Western, 51c ; 2,000 lbs tub washi, bun ; 1,000 lbs coinbiug wool at i)0c In domestio pulled, gales of IJ, '200 lbs rn :.nd Ëastern Boper ;it 0! ),000 lbs hoioe Xo. 1, 'JOc ; 20,000 lbs tp i-, 71öS-2ü; 300 lbs do, 85c; ö.UUO lbs o, B9oo ; 2,000 lbs Western do, 77c ; 3,000 bs do do, 00c; 10,000 lbs Eastern do, 2 l-'2.91c; 0,000 lbs do, 85c; 3,000 lbs exa 82 l-2c. In California wool, Bales of 13,000 lbs all at 40í43c ; 40,000 lbs heavy do, 30c; 0,000 lbs spring, töc; 2,500 lbs uooored, 1.08; 10,000 lbs' do do, $1.05; 2,000 lbs do o, $1.2 1-2.- Bulletin, 20A.

Article

Subjects
Old News
Michigan Argus