Literary cadet and Rhode-Island statesman. [volume] (Providence, R.I.) 1827-1829, 1828-02-27

cells. denominated I, 2, 3, 4 qualiiies spsnIsh
wool is purchased assorted into qualities. mark.
ed X, +, 7, ard s. Since the 10. July last.
have been IN the habit Of buying American
wool, asserting. and selling it assorted, pick.
locks, OF 81 per lb prime, st 90 cents No.
], at 81 cents No. 2. at 10 cents No. 3, at
% cents No. 4, at 40 cents No. 8, af IS
cents No. 6, at 25 cents and iIsfinQ, at 10
cents. The profits upon this bus ness have
netted me about five per cent. for tho last six
months. The relative quantity Of the several
parcels, when assorted, depends on the quality
Of the wools
Question. Is the growing of wool conside-
rable business with the farmers in the neiqhbor-
hood OF your factory and 10 there O surpius
OF domestic wool in your neighborhood, over
and above what is demanded by tho msnufas-
turers, IN the same section OF country
Answer. II IS ve,y extensive business bot
there is largo deficiency, lis the ssc,,ea ef
country in which I reside, in the quantity
grown, and what is wanted for manufa faeturins.
That part Of the country is supplied partly By
imported wool, from other parts OF Masssc scbu.
se',s; from others of the New England States.
and from New York.
Question Are you a wooI-Rrower, and IL ron
are, wha: number Of sheep do you. own ssd
what number Of pounds Of wool do your Aeeks
yield /!
Answer. ! am wool grower, and have now
from 200 to 400 sheep, Welding about tbree
pounds Of wool each, on the average.
Question Has wool deprecated materially
in price within the last three yeas Hss, q
what is the depreciation to be attributed ,
Answer. II has deprecated ia price durius
that time. In 1928, sold my wool TO our 40.
tory at IS cents per pound In 1926, I sold to
me same, at 62 i-2 cents per pound and. in
/ in
cents per pound The wool was well washed.
and in good order. and shorn from mixture Of
some Saxony, some full blooded meriuo. and
some crossed breed, constituting, on the wbols.
as good a flock as any other in the country.
This depreciation in the price Of wool hes been
occasoned. as believe, by dirnnution in the
price of cloths.
Question. Are you spprized Of tho fact. thar
large quantities Of wool are annually i'm ported ,
and does not this tend to deprec,ato the price
Of the domestic wool
Answer. am aware that large quantities Of
foreign wool are imported. l considered the
duty laid on foreign wool, by tho act of 1874.
as striking at the foundation Of tho msnufs o.
turing system. | am Of opinion, that, if the
duty laid on foreign wool had not been moro
than one-iour,h what il was, wool growers and
manufacturers would have both done better.
am OF opinion, also. that the imported wool
has no effect ON the price Of domestic wool.
prefer tho latter whenever can procure il. to
any that is imported.
Question. What are the usual qualities Of
wool imported
Answer; OF late, the importations have been
more OF the coarsest quality than of any other.
The coarse woods are for carpet work. negro
cloths, &c. Fine woods are also imported fSom
Germany and Spain. Middings are from Por-
tugal, the Netherlands, Russia, and South
America. bought at the auction sales this
Fall quantity of coarse Russia wool, at 10
cents per pound, and would sell il at the same
price.
Question. Is the number of sheep increasing
or diminishing in your section Of country
Answer. The number IS diminishing fast.
Question. Is there as much wool grown in
Massa chusetts as is consumed in the woolleo
manufactures Of that State ! IT not, What
proportion Of the whole quantity do YOU think
Is imported and what proportion is grown in
the State
Answer. There Is not, nor can form an idea
what proportion is brought from other places.
compared with what is grown these. | doubt
whether Massa chusetts furnishes more than
one-ihrd Of the domestic wool she manufao-
tures.
Question. Is it, in your opinion, important 10
The farming interests Of your State TO discour-
uSo UlpOrtdt1OnS or fOTeiyn WOOL!
Answer. do not think it il.
Question. What quantity Of the domestic
wool, stated by you to have been purchased, IA
1927, by the factory in which you ara concern
ed, was supplied from sheep owned BY you?
Answer ] furnished none in 1897 SUP
Piled the factory with my whole crop in 1926.
which was about 5000 pounds.
. Question. Where manufacturers Of wsollcns
are wool-growers also, but grow lees wool than
they manufacture, are they not interested in
keeping down the price Of wool, ss they are
buyers, not sellers of wool,
Answer. No (; l consider not
Question. what proportion cash does raw
wool bear to the present price Of Tho fabric,
estimating that fabric at ! 4 per yard?
Answer. Wool costing from 20 to rs cents,
IS half the price Of the fabric. When il costa
more than 75 cents, the price of labor does not
increase, and the value OF the fabric 10 iucrosa-
ed in proportion TO The price Of the wool
Question. What do you uudcrs'snd 10 bo
tho present difference between the price Of wool
IN England and the United States, Of the same
quality?
Answer. If wool be sold here, /, command,
80 per cent, in addition 10 its price in Enplan,
and this is the lowest at which il can be sold o
cover all expenses. Some sales have bea
made here at higher price. I cannot ay
what IS the comparative price Of Americas aooi
to an American manufacturer. compa redxith
the price which an English manufa CT urer ,ould
have to pay tor II there, because the woomsn-
ufac'ured by them severally is never thessms.
Question. do you know the relatie pr-
ces nj which wool can be furnished fem the
port oi Cadiz, in Spain, TO the man nsacturer
in Manchester, in England, compared Wiih tho
prices at which II can be furnished tothe maa-