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New York Wool Market

New York Wool Market image
Parent Issue
Day
8
Month
November
Year
1872
Copyright
Public Domain
OCR Text

There bas boen unmistukablo symptoins of returoing twimatioti in this branch of business during the past wef)k, and while the market is rat her firmer for all grades, it is l'ully Ia2c higher on lino Western doses, and 2a3c on fine ungraded Texaë, at least, with ft tendency toward bardening vi'.te?. Demand and supply ure uow getting iu oloMC c-ontaet, and as the latter is found to be inadequate to the ranta of consumera and the tradè, it is evidently certain that prioea hnve touched botton), and that from now to the close of the year pricea are likely to favor the seller. ■ In the line of fine nativo fleceos there v littlo hero offering that is reully enticiug. J.S'.'M.h is generally havo no stocks of mouiüiií tJiey.fian-Ooll their own. They hold a littlo fine wuols on oommisgion, it is truc, bnt iheso cost tb e owners early in the season pricea that can hardly lized as yet, and henee the owners as a rulr, are not over anxiuus to press 1 '-s of woola to su'.u nntil they aro n '1 i i ; roplize a prioe that would afford theiH aoroe profil uu their investment. Kor nioiitlis iast tho market has boen gradually softeliing, or rather giving away in price, íorreasoiis whid) i.u quite familiar to pur readers. Bnt the neaxapproach of cold weather, and with the ■et oi' it ketterdemaad for woo'pn, coupled with tlx) light stocks of wools held iu the hands of manufacturera, give anco that with a return of i moaetary ciiciesprices of this staplo will onh.nice in vitluo. "Itisanill wind that blows no good to anybody " is an old and true BI but we find it boiiutifully ( x int.lined in the woo! trade this week. ïhe horso epidemie has stijnulatoil tho dcinand tor liorse blankets to au extraordinary extent nnd this in return has caused an activo iuquiry for blanket woqIs. Heneo low jrrades of Texas WOol pus Chrisli and Xew Mexico, whii a haxe been almost nntalable all the heaxou, have been in animated dernand for èonMUnption, at ipricea raoging about --e, and averaging per 1!'., with sales of some twqntyhundred l)rs. The .V'.'l market is now nll agog vith exeitciiKiüt, and the beaTB have ch their ideas justas we expee.ted they would all along on the eve of election. Truly tliis ík a high coiajjlirnent to the verifleation of our reports ntithrough the season. We never doubtod for one inoinent but the snpply of wool wasii.aJoquato to the wants ui' the woolen machinery of the countrj' if this machinery was to be run .i.n any decent plass of woolen fubrics. ■ ■( ■iii'.ii'iicl urevp, frifrütened ai the high prioes rjrevalent for tlio raw matarial, havo run tiï:;i' loonis on rubbish, on woolen cottontdes, on Union cloths uutil they huve run the tradü completely in the ground, and gentlemen are furoed to (ro beyoad the geas with all the Flc. Flinibics of Mitdison square for sonio deloth to cover their nakedness from the wint r'i blust. the week includo 2.1.000 Ibs XX Ohio eecü ai 2,'.c; 10,000 Ibs XX do do at 6Qo ; J.OUO X and abovo Ohio ■ ; 5,000 11-. MicUíj i . at ."7e : 6,000 Ibs Western fli .: ; 25,000 Ibs .Mi. l,i-;.n do at. f;.)! ,;;.i', ",r ; S.O00 un l üeeoe at 42c; 10,001) Iba flne lo ;i private tonus and 11,000 Ibs tak I at 65e, and a large (luantity of. ;. lamb, Californlti mul Texas wools. - ,'. ! . ial iinUdtn, i(i'. Ist, - The triangular íight for mayor in Xew Vork City resulted in the election of Mftvemeyer, tho " lleform"-I{opublieaar Custoin-llvjiisc candidato.

Article

Subjects
Old News
Michigan Argus