Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1872-03-07
THURSDAY. FEBRUARY %. 1879.
The Rise in Wool and woolens, &c.

We received the following letter the 9th
81 day. which though raended ~ priv aie.
We give alr readers. ior the reason that il
states THE Views OF practical business
man. aud manufacturer 81 Maine. iranAh
aud clearly, The article from the y. l !.
Tribune i also inserted. We has" eta
,leaynrcd 10 ascertain the cause of the
large advance ia WOODEN and ~" eon.c-
auent rise IN wooden good-. which must be
very serious pui back ia >uiall mannfac-
tnrcrs OF such goods ia Maine. bat have
not quite fully satisfied ourselves ~ TO- the
whls and wherefore>.
The spirit of speculation may have some
thing 10 do with ii. The sccumu'a,lon Of
capital ia the hands of a class ieople
who live by their wits. or by Specializing in
an kinds Of merchandise or stocks where
there i a chance 10 make "a corner. MAY
have something to do with this rise. But
last week the New York papers were Civ
Ing an account of the purchasing of all the
Bonrbon whi~key in the country, With the
intention OF getting rise on the article
ibis was aud j. a mere speculative move
mcnt.
No doubt the crop Of cotton and wool
was smaller IN ISL than i'm 1870. but not
enough smaller to cause tho great differ
ence in ihe price A. stated IA the article
which We print. The Monthly Report ~
Agriculture for November aud December
estimates the col pn crop of 1871 n $500
coo bales not = large per ccnia.e les than
the crop OF 1870. The wool crop must hc very
much smaller, aud ioU various ieasous--
As carly ~ May ISL there Wa small
-nrply and the new clip was not expected
70 he sufficient 10 supply the demand. II
seems strange that ia 4 country like ours
WHERE an unlimited number Of sheep can
be- raised aud ca,.l; Kept. that wool should
20 up a. high a - and 81 cent, per d..
The present pricc- must bear hard Oh all
small manufactures. especially II lu>;
starting operations: but >til Ne do not
know 4buui the war with Great Britain. "
War Ierauges industry and il taxes year.
Of peace to get settled on stable fonn'la-
tou again. oar people made money dur
a.. the late war. but what ha> been the
result OF their business operations for all
the wear, since Is close: This state has
decreased m population. and in business.
while there has been tendency 70 hoard
mp money rather than TO u>v il in business.
oar Savings banks have run up their de
posts nrat TX millions in year. and this
money j, invested more or les in railroad
bonds. OF IN fore "a -ecnriiic,
some viii Say that all our troubles ari,e
from not getting on a specie basis. ahlic
Nc aid know tha, the people made more
nIuuey ADD spcni Il more freely when gold
was 1t premium Of - cen,>. Another
class will -ay that our tariffs just about A.
bad a, it can hc Tor hn~inc-- men. which.
ia >oubc particulars. no doubt i>ttuc. The
Columbus Convention. which put IN NOM
lHalion Judge Davis aud Governor Paracr.
for President; and vice president. pronul-
gated their pSnaeea Tor CUR national tfygt-
Ie- III the following rr>oluiion:-
crnmeni to es;a6ii.h a Just standard u di.,si-
button II capital and labor by providing pur,,-
faith and resources Of the nation. issued direct
" 10 the people without the intervention Of any
.y.tem of banking corporations, which monry
shsli b. legal tender IN the payment OF Al
debts, public and PRIV ate. and interchangeable
Al the option Of the holder. for Government
bond, bearing i rate of interest not 10 exceed
3.d5 per cent, suffice, 10 further legislation by
Congress
MEssR>- EDITORS In ease you think
the incosed. clipped from the Boston Daily
ilrers,r-original from the Ny. Tr1JHae
- % sufti lent gene al interest 10 your
readers 10 publish, you can do 80.
IL is OF special Interest ~ .ho>e trying TO
initiate manufacturing. movements in this
part of Naine-and too fruitful to be- az
uored by small wooden manufacturers
fear that the idea you with Inv CON
culreucel have entertained and advocated
~ building mp Maine Interests. i, to become
failure. ! consider the English treaty
more fatal To Matte than . war ni;,4 Brit
Ain. The latter would afford VI, a ively
time bui!Jing priNaieer-. manning them aud
oi,aA.ng oR English navigation. and in thi,
way settling the Alabama Claims. equaeiz-
ing once more our commercial position and
again taking fair start with her \ better
arrangement would. perhaps. be 10 have
,he Gar pitch in first. and We furnish the
'sinews OF var" Congress will do moth
ing for IA. but leave New England par
TALLY, if not entirely, out IN the cold.
Yours Tiuly
The Dry Geeds Trade.
Pr"uI The New ORR Tribune
The prospects Of business for the coming
wear ART brighter for me ~ hants than a., wear
though. from present Indications. manufastur-
err are likely 10 have hard year The adj
yance in wool. which began wear ago. ha.
steadily continued. until now wool j. higher IN,
gold than il was during the war. The advance
has been AZ great u. TO seriously derapec III.
plan> Of most dealers and manufacturers.
Notwithstanding the high prices asked and
{sld for wool, Manufacturers desiring psrticu-
isr grades have difficulty in supplying their
wants, owing 10 The great scarcity u the arti-
che IN question. In fact IL j. stated that almost
an absolute LAX q some grades Of wool pre-
walls. The WOODEN Manufacturers Of the coun-
try have done. Oh the whole. .incr the war an
Improbable business, the constantly declining
prices Of their commodities RENDERING. i, DIM
ctft 10 realize gain. But now the old .tock
IL manufactured goods has quite generally been
absorbed. Wool pruduerr- a, well a. manu-
faciurer-, have found their bushes. unprofi,a-
bic. and the result has been that for two or
three years past, q wholesale slaughter Of sheep
has taken place throughout TN. wnul-nro.i,,,..