Press enter after choosing selection

Wool Prospects

Wool Prospects image
Parent Issue
Day
4
Month
June
Year
1875
Copyright
Public Domain
OCR Text

It is customary tor manutacturers and dealers to " mako a poor face," as tbe farmers say, on the opening of the wool market, for the purpose of depressïng prices ; but it is our belief that the present dull prospecta for the wool growers havo less of humbug in thau usual. There is sorue aotivity in California wool, to meet mili demands for flannels for the full trade, but oven these are selliug at a sacririce, and the general volume of trade is much more tlian tliat of last year. With the small margins on woolens and the prospects of very close times for inanufaoturers during the coming year, we thiuk the owners of sheep wiü find it nccessary to sell at a little lower figures than those obtaiued last year. Indeed, piices ruled high last soa8on, with the chance for proüt chietty on the side of the grower. The reaction thia year may carry prices a little too low, but farmers generally are now in condition to hold their fleeces if they haVo reason to suppose that dealers are too exacting. But farmers should not forget that they can afford to take a little lower rates than they could stand last year, since there has been a reduotion in prices on many of the ai ticles which they ore compelled to purch8e. Wliilt! we would not discourage wooL growers by representations of low prices for their fleeces, we would prepare thetn for wbat is most likely to occur. We do not anticípate very large reductions on the prices of last year, yet the present condition of the market indicates lowor ratos than were then obtained. Pricos were very fair last year, and they will probably be just below fair tuis season. - Exchange.

Article

Subjects
Old News
Michigan Argus