| Show t ARE A E GU BLUM Most Unsatisfactory Un a ory Year Y fr in the Trade Was Vas 1900 l 19 OO 00 t DEPRESSION UNIVERSAL 0 HOPE THAT TEAT TT PRESENT E ILETH LETH LETHARGY ARGY AGY LY PASS AWAY 1 J Boston Dec Dee 26 The American Aeri an Wool o l land and Cotton Reporter in its It annual re report report report port of th the wool section of the United I States gives the stocks stok o of wool woT wo in Iii the ti exclusive of ef manufacturers I holdings as pounds as l cOrn com compared co copare pared pare with pounds a year y a I ago ao The stocks in the three principal prin mar markets markets markets of the United States Stae Boston New NewYork NewYork NewYork York and Philadelphia amount to pounds as compared with 13 pounds last lat year year The stocks of wool in Boston are pounds as a compared with 6 pounds p last lat year This large increase in stocks on hand is accounted for by b the com corn comparatively limited denland denand for wool this year increased importations of f foreign wools and the fact that only a very small smal percentage of this year yerE clip has hasas hasas as yet been disposed of to manufacturers manufacturers Wools have bave been held back b k to toan toan toan an unusually large extent year ear in inthe Inthe Inthe the country This is especially true of the fleece teece wool sections east e t of the Mississippi river The wool production of the country is given giyen as a 43 pounds Imports of wool into Boston Bot n have hae been 63 pounds as a compared with wih 3 pounds last year ear The Th sales sale o of wool in the Boston market market since since Jan Ta 1 amount to pounds as a com compared compared compared pared with wih pounds last ast year In other words the volume of business has been ben considerably less les than tan half haf of that of last year The year 1900 will i pass pa into history hl as one of the quietest and most un unsatisfactory satisfactory periods ever experienced h A Depression has ha characterized the situation both abroad and at home A feature of the th business of the they year y ar has been the increased substitution substitution tion of cotton coton for wool and a prefer preference preference ence for the medium or lower grades gades of wool as distinguished from the fine grades gades As to the business of the past week it i has presented but few features of interest calling for special mention menton The demand has ha been as a large as an as was wa expected in a holiday season saon and has ha run principally principal to territories unwashed ed fleeces and scoured wools The sates sales amount to about pounds pounds and represent quite a large number of transactions Prices while favoring the he buyer bu er are not no sufficiently changed to o warrant any general lowering of quotations A hopeful feeling pervades I the trade that with wih the end of the year ear an improved demand for wool will wl set in which will wl have the effect of lifting the market from its is present condition of lethargy The feeling Is naturally strengthened somewhat by the continued favorable advices received from abroad The sales of the week In Boston amounted to pounds domestic and pounds foreign making a total tota of against a total of O pounds for the previous week and anda a total of pounds for the cor car corresponding corresponding responding week last year The total sales since Jan Tan 1 amount to t pounds against pounds for the corresponding time last lat year tear |
