Democratic Sentinel, Volume 17, Number 6, Rensselaer, Jasper County, 24 February 1893 — Wool Is Booming. [ARTICLE]

Wool Is Booming.

Prospects for free wool are having an effect upon the market not anticipated by McKinley and his political wool-growing friends. Since 1890 the wool market has been flabby and prices have declined to an unprecedented extent. Since Nov. 8, however, the market has shown more life, and about the middle of January prices began to rise. By the end of January they bad advanced 2 or 3 cents per pound on Ohio fleeces and< many other grades. Here is the way the American Wool and Cotton Reporter of Feb. 2 opens its wool trade page: “It 1b doubtful if there has been any previous time in a year when dealers in wool have felt better than at present This is a market in wbicß one may let a customer go out and feel that another will soon come ia; it is very strong, both statistically and in accordance with laws of supply and demand. “The strong features noted last week, ending Jan. 24, have been more marked during the week under review, some kinds of wool being higher than quoted at last writing; Australian, for example, has developed more strength, and Ohio fleeces are a cent better even than reported for the week ending Jan. 24; XX is worth 31 cents; there are, at date, free inquiries all along the line for Ohio wools, which are not obtainable in considerable quantities; many houses accustomed to handle Ohio wool have not a fleece in store; those who have any possess small stocks, for which they are asking full prices; 30 cents has been Repeatedly declined during the week, one of flie largest mills in the East having offered to take all that might be furnished at that figure.”