The Cadiz sentinel. [volume] (Cadiz, Ohio) 1864-1911, 1866-06-13
fFor the eencnsll
Tna ohio MOO Market.

The season Of sheep shearins is bow upon
us. and with il comes the question OF what
shall be the price Of wool Having spent
most Of he month at the puphc shearings
and meetings OF the wool growers, tins ques-
ton has been constantly asked me, aud |
have made such answer IS, according to the
best OF my information, would subserve the
truth. l think no person can say confident
ly lust what wool be worth a month hence,
or what price farmers ought to insist upon,
but 80 far as | have any opinion to express,
| give il, under the above qualification.
] the first place, IS to the causes which
will affect this SEASON. The pending tariff
measure upon by the Joint Committee oil
the National Wool Growers, and National
Manufacturers Associations, can operate
only prospectiyely. The bill has not, at
this writing, bOen reported to Congress by
the Committee Of Ways and Means, SO that
the nearest possible time Of its passage is TO
far in the future 10 have q very direct iuiu-
ence in determining the price which shall rule
for our woods in june or July. But the
| protective and acllaretral inffence of this
influence of this measure will be considera-
Bile. Let us calculate:-With an impOst
duty of ten cts. per ID. and ten per cent,
nd valorem on foreign wools-of which for
eign WOODS it takes two pounds to be equal
to one of American wool-to the American
wool grower twice ten cents, say twenty
| three cents; ada to this the cost OF the for
eign wool, say, fifteen cents per pound,
cduals thirty cents, making in all hfty-three
cents, besides exchange, storage, &c, and
| the American wool grower will have his OWL
market at an average Of some sixty cents
per pound. Even under the present delu'
sive tariff, it is stated in the last report Of
the Boston Board of Trade, by one of the
best informed wool dealers in that city
that even at a cost O twcpty four cents per
pound, the imports ton OF Mestizo WOOL
the past season had not been rcmuneative
and this while American wool is quoted a
fifty to fifty five cents. Ii this calculation
il correct, | think the American wool grow
err has abundent reason TO be satisfied will
the prospective condition Of the wool mar
ket.
4Another and more imem late cause affec
ting the price OF wool in 1866, is the fac
that the eastern wool houses are unusall
bare, not only of foreign, but Of entire an
desirable lots Of domestic wool. The oper
alton of manufacturers within the last few
weeks have cleared the eastern wool house
to an extent below that of any other time
at this season, within the last five years
Meanwhile the machinery of the woole
mills have been increased fully fifty per cell
requiring a supply of one-thlrd more thu
all the wool raised in the United States, t
keep it ir even moderate operation.
These two main tacts-vlz: the unprofta
bleness of Importation. and the necessar
tor domestic wool, fix the status of the mai
ket At this present opening.
The wool buyers are already in the feel
with the expressed determination to tax
the new clip at a range of from forty-ive t
fifty cents. Formerly it was the custom
Just before the sending ont OF orders to puI
chase wool in the spring. to get up q sha1
sale in Boston or New York, and send ou
a false report of prices; but at this practic
can no longer deceive intelligent men. I'll
spectators have restored to a system of d,
crying the condition of our woods, and Fl
this purpose have held meetings in Mich
gan and Ohio, adopting rules both impra
ticable and unjust, and putting forth decla
atoms concerning the practices of wool gros
; ers whose impudence is only equaled
their falsehood.
r But the farmers have wool to sell, a,
tHeSV UjeH VIII COule ~ ny IL. GfcH q
| mers must decide for himself how he W
u dispose of his wool and the price at whi'
I he will hold it. 1t is always most satisfa
tory to the farmers to dispose of his stuff
home for cash in hand, and a satisfacto
effer of this kind is made, | should sa
, take it, But let no farmer beldeceived
!, specious arguments, as if the bottom W
y abour to fall out Of the market. There c.
: re no prediction in trade at this time mo
t certain of fulfment than the wool must a
e vance from present quotations, and althou!
the published rates are from torty-ive
. fifty cents, | know of considerable purehas
d already made in Ohio at ffty,fve to six
Q cents. and | know of no good reason why
1.-THE better class of good Ohio wool sheu
=. not command the outside fgnre within t
y, next two months.
Believing this, | do, from a canvass
the whole field of production and consum
n ton, | send forth this staterent to t
> public for the consideration Of such VIZ
growers as are constantly inquireing of me
] What are the prospects Of the wool ira
at this season.
~. S. D. HARRIS.
y Secretary Ohio Wool rGowers. Associate
rs and Ayr cultrl Editor Ohio Farm
lr Cleveland JuUe 5, 1876.