The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1865-05-24

tory OF the wool business. Last week,
notwithstanding the severe depression,
coarse Canada wool sold for Sis in
Boston, which was equal to 765 in gold.
Then we have large increase Of ma
chinery for NOUS delaines. This busi-
ness requires combing wool, but of a
shorter and finer kind than that generally
termed combing. This increase will re-
quire greater quantity of wool than the
increased production of the past four
years, leaving the increased machinery to
be supplied from foreign woods. We
have also reason to belieye, from facts
that have lately come to our knowledge,
that, on account of our increased tariff,
several large English manufacturers con-
template moving their machinery to this
country, and bringing operatives suffici-
TO work it.
''lt is urged by many that the termin-
alton of this war will bring an increased
supply Of cotton, and that this will enter
into competition with wool and reduce
its value. Docs the high price Of wool
depend upon the scarcity of cotton -
We contend lhat it docs NOT, but rather,
that plentiful supply of cotton enhances
the value Of wool. We have already
shown that the gold value Of wool during
the past four years has been below that
Of the year previous to the war 1t must
be remembered that the past four years
has been period Of intense suffering in
Euc,Ion1 E,.,,co ,u1 tLo 4, ,,,,u,, I.,o,oa
caused by the scarcity of cotton. Hun
drcds Of thousands were thrown out of
employment with the first outbreak of the
war. In Lancashire, England, whole
towns, not only Of operatives, but Of
trades people also, were ruined by this
rebellion; and to these places, though
the severe distress has been in a great
measure relieved, prosperity has not yet
returned. Among this people there has
been 10 demand Tor woolens and it is
utterly impossible for one country to suf-
fer and others to escape with impunity.
The large number Of cotton operatives
that have been out cf employment in
these countries have depressed the labor
liitAs iNNt AbAi"'' llANlitAf. hbbtNIl1 nave
been prodnced at lower rate the past
four years than they were the year pre-
viOus. This has had an effect upon the
market; and the consumption of wool in
these countries having been diminished on
account of Il contracted consumption of
goods, clothing wool has been lower in
England the vast four years than it was
before the war. And why should it not
England has exported few woolens to
this country during the war compared
with other years, and her home trade has
been during the same time seriously de-
pressed.
sin September, 1860, German wool
sold in England for sic and &f2O per
H.; Cape unwashed 10 and SOC per lb.;
Mestizo unwashcd, l6 and 24c per ID;
English combing, ~ and 44c per lb.-
In June, 1861, German wool sold from
81 to 95c per h.; Cape unwashed, IS
and IS ic per h.; Mestizo unwashed, lSt
and 22c per h.; English combing, 81
and 40c per ID. In June, 1862, German
wool sold for 80 and 9Gc; Cape, II and
l9c; Mcstizo, ll2 and l94c; English,
So and 40c. In June, 1864, German
wool sold for So and 84c Mestizo, 169
and colo; English, 4S and SOC. In Feb
ruary, 1865, German wool, Sc and 66c;
Mestizo, Ii and 20c; English, 80 and
GOc. 1t will be seen from these figures
that clothing wool has not been SO high
III England during the past four years as
previous, while English woods did not
reach the price of 1860 till the present
year. The difference in the lower priced
foreign woods has been about equal to the
additional duty paid in this country, SO
that we have been enabled to import those
woods at about the same price in gold
that they were imported for before the
war, while the high price of English
combing in February accounts for the ad-
vance of that kind of wool in this coun-
try. In May, 1861, English delainc
sorts were sold in England at 3S and 42c
per ID. In May, 1862, they were sold at
3G and 40c. In May, 1868, they had
advanced to II and 4Sc. In May, 1864
they had further advanced to 46 and 54c
In February, 1865, they were sold at
IS and sic per lb. The advance in the
price Of these woods was caused by their
being substituted for cotton. They are
the class of wools which we have long
urged the American farmer to produce
in place Of much of the heavy dirty wool
which come in direct competition with
the low priced foreign woods If we
add the duty paid IN these woods, which
is 32c, we have then SO and 94c gold
This would be the price this wool would
cost to supply Us from abroad. But the
prices paid in England for this class of
wool, will enable us TO send it to that
market and get higher price than it is
selling for here to-day. 4Sc gold is equiv
alent TO zoe our currency. sic. in geld
in England is equivalent to SOC our cur
rcncy.
''But it will be urged that these wools
having taken the place of cotton in a
will recede in price us cotton be-
comes more abundant, but cotton is not
going to fall to the price of 1860 for some
years to come, 1t will take some time
10 produce at that price and in the same
condition. Much of the cotton that is
now in the market is in bad condition,
and consequently is much higher in price
,otnnnrel with the ou1litv nn1. conditinn