The Wool Market

Frora the X. Y. Economist, Juno 7. t is impossible to foroshatlow now W effect th(i reduotion of the tariff will 've on the futuro priee of wool. For " 1 recent it eanr.t afforrl any relief, as toeks in the Immls of msuu&oturera and "alcrs are so-nearly exhausted that thcy t!'nnit afford to Wftit rauch longer with"' buying their usual summer suppli(is to rk into auturan goods. At present the wket is quiet bocause thore aro no der;ible wouls offering of any kind apart icom foreign. Nor U thcre any anxiety j' prosi wools of any description to salo, I)rth advance in tho gold premium ntcracts the inffuence of any weakoess t may prevail ou account oí' the I age of the Tariff bill. All honda in the j wool trado are now awaiting th rouultol the battle which ia just bi ng bogun botween the farmers and the wool bnyers iu tho West. The skirmishors aro airea, dy ongaged, aud yet it luay bis soine weeks bet'oro tho oontest U reitlly decided, :, otll BÜlea aro ooting with grcut coolneaa nul cautlon. We fear that it willbe the 4th of Jnly before it will be apparent what the price of Jomestio wool is to be Bzi il at for tho coming Beason, A little reagtuii howeror, may enablo us to judgo boforehand with Boine degroeof acouracy. U' v. . Bnd ont al what pnce the mattufaoturore cnn get foreign woolsoqually as i . dom stio, we shall have basis tor our oaloulatione. 8om moflths nis we Bhowed clearly that Austral;:m wool oonld not be lunded froni LouJon at lesa Uian $1 40 ounacy. We now revise our quotations, and state the market for Australian at $1 80 soourod. At 50 por cent shrinkage for fl nu Michigan fldeoea, this is equa) to 6öo for them, and tnun idl we oan learn we think that buyaffl Will bo willing to tuki: tin? wool froin the far met on about this basis, lo say - Por Ohio wool 0567o averag. For Michigan wool OSfflöflfl iivcrrtgo. For Now York State wool 6062o avéruge. These wools will coat in market abóut 3o abovo thoso figures, and will then be ut nbout their relativo valuó as oompáred with foreign wool. Whethef the farmer wU be wiüin to accept thcso íigürís we DbUnot say. Kmaybe -itk? tinte first ; but wc ooufidently prediot that the final sRttlement between t.lie farmer and the biv. r will be at about the iigureí) at whioh foreign wools oan beobtained,g!v 'ntt tlit! preforenoe ofoourse to thodouiestic ataplu at the samo priee.