Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1872-07-31
agricultural.


Among the statements intended to press
down the price Of wool, a Boston Wool Circu-
lar cites the modification of tariff by which
the duty is reduced ten per cent. as Z" at
fecting prices five cents per pound imply
ing, if not directly asserting, that growers
must take five cents yet per pound less than
if tariff had been let alone.
This deception should be exposed The
reduction of the duty is ten per cent. on
the previous rate-that Is on the ten or
twelve cents per pound hitherto imposed
and is therefore equal to one and q quarter
cents per pound on the wool itself, and not
to five cents as represented in the Boston
Circular To say that the tariff on wool is
reduced ten per cent. may convey to those
not familiar with the subject the impression
that the value Of the wool is reduced ten
per cent, but such is not the case, and it is
neither reputable nor honest use of Ian
Ruage TO refer to the tariff with the express
intention of conveying this idea.
The Commercial and Financial'Chronicle
says it appears that the wool clip of the
Northwest is likely to come in late this sea-
son, mainly owing to the backward spring.
As to amount. it may not exceed, if it does
not fall below, that of last year. In Wis
cOnsin the fOcks are not as large as at the
same time last year, and in Michigan there
is an estimated falling off at least ten per
cent. There has been no effort to keep up
or increase the hOcks, while the drouth of
last fall injured the pastures, compelled early
feeding, and induced many farmers to reduce
their stock to save fodder. The advance In
the price of wool came too late to save the
sheep or to stimulate production so there
seem % to be grounds for the belief that the
clip of the Northwest will be somewhat, and
possibly considerable less this year than last -
In Ohio it is said sc the condition of affairs
is much the same. Nor is there any good
reason for believing there will be any per
ceptiblc increase in it's production in New
York or the New England States. In West
Virginia Kentucky. Tennessee, Missouri,
Kansas and Iowa, however, the clip is very
likely to be in excess of last year, though
not sufficient to Offset the deficiency reported
elsewhere, while the production of Illinois,
Indiana, Wisconsin, Minnesota, and other
States, is SO small as not to affect the supply
materially.
This, it will be remembered, is from the
commercial side of the question and when
it is considered that the same apathy and
Indifference in regard to wool-growing, owing
to long period of low prices, has generally
prevailed in all wool growing countries, it
will be seen that there Is no good ground or
reason for the great and persistent effort now
going on to bear the wool market.
10 the above we may ADJ ejaculation
given in the U. s. Economist. of July 18th,
founded on the self-evident statement that
4" domestic wool will not go below the price
that the foreign substitute can be laid down
here at 1t is unnecessary for non-com-
mere al readers to give all the details of com
missions, freight, insurance, duties, premium
on gold, ETC., but it is shown,
l. That the cost of Port Philip wool at
current London rates is l6d. per pound in
that market
2. That under the new tariff, this same
wool costs 60 40 cts. per pound in store
in New York
3. That under the abatement in tariff on
wool SO imported, which goes into effect
Oct. LIST, this wool will cost after that date,
90 cts. per pound in New York;
ex4. That allowing for the preference that
lists among manufacturers for domestic
DOL, this is equivalent to rs cts. per pound
in New York for Ohio fleece, losing 46 pei
cent. in securing, and Y cts. per pound fol
Michigan wool losing AZ per cent, that ii
for wool in dealers piles, excluding all I'M
merchantable feeces and lastly, allowing II
per cent. for freight, commissions and los
on understandable leeces, that these fguret
are equal to value for domestic wool, il
the country, of 81 to 65 cents per pound
'' It is useless for our manufacturers to expec
domestic woods at lower figures than these. ,
Country Gentleman