The Cass County Republican. [volume] (Dowagiac, Mich.) 18??-1880, 1861-06-13
Wool and its Prospects.


ers and manufacturers, and also of the
State of trade, we will endeavor to post
our readers as to what Conclusions we
have arrived at. As yet we have not
seen any remarks made by the w estern
press on this important product; and
as for the East all that has been said
there, for the past two months, was
that the manufacturers were acting
with great caution, -
Our wool growers must recollect,
that last year they realized higher pri-
ces during the latter part of the wool
clip, than could be obtained any time
afterwards. 1t was very we'll known,
that Immediately previous to the wool
clip, a strong effort was made to reduce
prices, and the Eastern manufacturers
mostly refused to send their agents for
ward to make their usual purchases.
This decision, however, left the whole
clip in the hands Of the spectators,
who had already stepped in and secured
considerable amounts before the manu-
facturers saw their error. The conse-
quence was that about two weeks af-
ter the clip commenced the agents of
the manufacturers came on with a rush,
and swung prices up higher than they
have been since, to the great advantage
of the wool growers, who reaped on an
average from four to five cents per
pound more on this wool than he ex-
pected. The growers mostly had the
good sense to1know they were getting
more than they ought to, and sold their
clips clean, and every picklock was
swept out of Michigan in about six
weeks, so that in truth we have not lad
any wool market in this State since.
The manufacturers, however,, were
themselves deceived in the amount of
goods to be. required; !; the importations
from abroad were SO large, that the de-
mand for goods was not SO great as they
expected; again, the money panic be-
gan about the time that the manufac-
turers should have began to work, and
stopped the consumption of wool to a
very great extent. Holders had to give
way, if they desired to sell, most oi
them, however, were able to hold, for
we do not find any large auction sales
taking place last winter, as was the
case the year before; but the holding
of the stock did not clear it off, or pre-
pare the way for very satisfactory
market during the present spring.
Meanwhile new elementgot at work
Congress altered the tariff law, decided.
ly to the advantage of the wool grow
ers and manufacturers, and decided,
to the disadvantage of the importers
These last named parties clearly fore
saw that there would be an alteration
of. the tariff, and though they fought
manfully against change, they did no.
neglect to prepare for that change
should it occur, by the piliDg into the
country of such enormous stocks O
goods, which have continued to be solo
at such low rates, to supply the want,
of the country, that manufacturers il
the unsettled state of public affairs
have not felt satisfied to commence op
erations. But we unhesitatingly affirm
that they will soon be obliged to com
mence manufacturing, or deliver up th
whole trade with all its advantages o
the recently enacted tariff to the for
eign importers. Should they neglec
to provide a supplysof goods at rate
Hess than they can be imported lunde
the tariff, the people will in a shor
time insist that such high tariff be re
pealed, and all the advantages so lonl
sought will be lost forever. Our East
ern friends are not quite soft enougl
to permit such loss to themselves
Hence we say, they will be obliged t
enter upon the business of manufactur
ing extensively during the coming sum
mer, and however much it may be TO
the next two months, after that period
the wool will be materially enhanced
and we shall enter upon range of hig
prices for wool. ga =
;, With this state of trade existing
t with the determination of the mani
facturers to make up from the WOO
growers what they over paid them la'
year, and with the excitement of .h
war for an excuse to citefor on-actior
there is great reason to fear that til
prices of wool during the season of th
!: clip will be depressed. The only RENE
! dy for this state of business is for thos
who can to keep back their clips an
not be too eager to put them in marke
e at an early day, or at all until prices al
: satisfactory. That the woolistrad
will act just the reverse Of last ye;
! seems eminently certain. Last ye:
e the highest prices were obtained durin
! the season of the wool clip, and rat'
! rather declined during the rest of I'll
: year. This year the state of trad
: the position of manufacturers, the n
u cessities of the country and the oper
{ tions Of the new tariff, all point OF
u that low prices will prevail during IL
1t Wool clip, and7high-rates during tt
!. remainder, of the year. Therefore,
is the prospect at present that it b
hoves the wool growers to give sha
l. watchful attention, to the reports of Il
g market, and not to be in hurry to sc
t. s# Barney Dugan, you swear pc
<, itively, that you saw the prisoner ST
ell the woman in the fracas?
t, i4" Sur?" bad sa] $3.50 sesie aEGe
: sn" You swear that you saw the prise
1T er stab the woman in the fracas % ]
" peated the alderman.
UNo Snr. T I'D not eov fbot az o