Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1864-06-28
I.tsr.s.Inr !. Wool ar.r.-r.

The State Journal publishes the folloW-
ing interesting letter addressed to Prof
fssSOr KlipErt Secretary Of the State
Board Of Agriculture, By an eminent
House in New York, on the subject Of the
wool clip in the vest prices, &o. The .
Journal says the New York House is oRS ]
Of high standing, and the views expressed
by the Eriter-though not intsndsd By
him for publiestiOn-srs we'll worthy Of
the consideration Of the Ohio and ether
Western Wool Growers 81 1a l si8
Nav YORK, June 20, 1884.
Nh. J. H. KLIPPART, Columbus, Ohio:
DEAK SIR I'll enclose you an article
published in the Economist Of the 18th,
BY which you will see that there Is reason 5,
to supposeEthst the wool clip this year Is
Tor ought to be according 70 price Of cot
tony really worth ct least 25 per cent biaa
more than it vas last year. The tsriR ,7s
alone ION foreign Wool) will be equal &C
the present price Of gold to near seventy
per cent against ave per cent last year.
Cotton having reached 30 very high spFiee, ~
it is believed by all the best business man, e.r
that it win throw the demand largely On
wool ss q substitute 1 feel q great in-
tsrest in having the Western farmers OBJ 8
tain full value for their wool clip saf
Whenever the farmer is doing well, busi-
ness men do we'll. II were in Ohio now ,-
should advise the farmers not 70 g
hssty in disposiug Of their wool In al
human probability the army will be in 81
creased, and this Of itself viii produce .
greatly increased demand for wool. Il
is almost certain that the army will be
kept in tAe field the next winter,
and there viii be probably q million 81
Of men TO be furnished wi h wool clothing, e
In addition to the increased supply re-
quired for civilians wear consequent upon
the cutting on Of importsio-s by The In. 57
creased tariff on WOOlsn goods. The wool nc
growers have harvest before them, or -
my judgment is greatly st faul Ninety
cents pound was offered and refused To-
day for 3 lot Of wool that would average O.
about equal to the medium Of Ohio wool. ss
On Saturday l was shown letter from
manufacturer to his agent In this city a.
reotiug him not to sell bis Woolsn goods
except at an advance, for the reason that
he was expecting to pay dollar pound; ssf
Iff not more" for his fall supply Of wool.
There is 3 very strong speculative feeling
here in reference to wool, and the market
is being rapidly cleared out Of all desira.
bic lots T--.s5
The manufacturers are all afraid Of each q.
otner ana are quietly buying every pound
they can st the market prices. Heretofore
it has been the custom to make auction
sales Of wool at low figures In order to es-
tablish the price for the new CLIP, but this
yesr they feared to try that sxperiment.-
Wool is to-day altogether the cheapest ar
tiele Of merchandise in the catalogue and I
If the farmers part wi h it ct less than 81 q
pound for the good elips, they will be
unWise, and have occasion to regret Il.
will be much obliged to you II you viii
write me stating your opinion Is to What d
the 4Versge increase in the clip will be
this year over last.
Very truly yours.
P. S.-Ths manufacturers sill make the
farmers pay about double prices for ell
woOlen goods the coming season, and il
would be unjust il they are inyeigled into
selling their wool at less than it IL fairly
worth H7