The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-08-21
THIS YEARS. WOOL CLIP.
Why Dome-tic Producers are Unable 80 Com
pete with Foreign Growers.


Leading brokers in wool view the recent
advance In this staple as purely spasmodic, and
say that so long as the woollen manufactures
remain In their present state OF financial distress
just 50 long will the wool growers OF this coun-
try experience difficulty In realizing pa ing
prices for the raw material. This state Of Affairs
they charge to the ill-adiusted tarin. They sly
that this tarin has not only failed to prod ucs the
fondly predicted result for "home manufao-
ture, but u has actually done Injury to the do
mestic production of msrino wool.
According to the best estimates, Il 10 an ad-
mittsd fact that the clip of fleece wool in the
States east OF the Aississippi has Of recent yean
from about l40,0O00U pounds In 1907 to q guam
tity estimated at not above ls0CO,0oo pounds.
ward the authenticated facts that In seven years
the clips OF OHIO and New York decreased from
lively TO 100000 pounds and 100000 pounds.
In report to tue Ch ,m ber of Com IN cree. CO IN
inittse Of the Now York wool trsde say:
while the production " the less protected eombins
WOOL. hs. notonOusy Increased By lsrs. percent &c
In the od yoosrowing states, the clip oi the hlg6ly
sis ~ ssssa s 10 aaye Sssssa S ara seventy per
hAbie uststlcs could be obtained. We nave no oou6t
thsta sIiil greater decrease production would be
we,t and even isse iIs stride, we're quite
any period since.
In addition to the iuctuatlng measure Of
values, these gentlemen nnd special cause OF
the extraordinary activity prevailing during
our war, and imne dtately after tue war brought
with 1t a sudden and large increase OF machinery
that we have never yet Kept employ cd for any
length OF time without ere iting a surplus stock
VI some one cas- oil goods our manufactures
are prone 10 ru Ia Into the production OF sucn
classes OF goods as a momentary demand has
rendered prohtaoie, and the invaraOle result Is
u oserprouuctOu Of these faorics." As all in-
stance OF this, LOOK at the recent large woOileu
sales IN tiis city. where goods sold at % cents
on tue dollar sucn an overproduction, they
mi m n laHaE
turers relieve themselves OF their surplus at u
comparatively small sacrnce "by consianing
their goods to foreign markets. where their
ebeapness has Already introduced them. Our
manufacturer, having made his goods out OF
hishlv taxed wool, has no such outlet for them.
and Is compelled either to await the slow opera
ton OF time or TO submit to heavy sacrifice by
forcing MS surplus on the hou.e market in COM
petition with his similarly situated mel -hbors.
Ia support Of this position, which is In accord
with the OPINION Of the leading brokers, Ihey
point to the hourlshiug woull-n Industry of
Canada, which, with its three millions of innab-
itants, imports or consumes as much Cape W Dol
as the whole OF our country with its forty two
millions OF people.
Tue total wool clip Of the United States last
year was l@WpVO pounds. This year 1t will
probably II little snort Of this. Yet IN keep
ing up this aggregate the states west Of the Mis-
sissippl have Increased their production some
100000 pounds. IN amount equal 10 the de-
crease in the states east Of the Mississippi.
thus the better class OF cloth woods are falling
on, while the Inferior qu llties are incre ,sing.
II Is useless to Tx OF exporting our woods,
for the home market, owing To the t,rif. Is the
highest priced. Austr lan woods bring ;o cents
ia tins market and only ~ cents In the London
market. But the Australian grower can realize
profit by selling his CLIP al II cents while tue
American grower requires 80 cents TO make the
same quality OF wool growing profitable. Hence
II ID tuat nJtwithsta anuing tue nign nm the
growers are not beneh ed because the manu-
facturers cannot AFFORD TO them paying price
aud come into competition with The better qual-
ities Of clutbs from foreign markets. List ear
at the commencement Of the clip the price
ranged from ~ 10 45 cents; this year IL was from
2S tO2 cents, wholly owing to the prostratiOn In
the manufacturing Interests. The general opin-
lou seems 10 be that the rise OF from to 1
cents hin the y .st week was brought about
bY spec IlatOrs, ana that there can be no real ad-
vance un, II there Is revival Of business la the
manufacturing districts.
Inc reports that the Cirlist war and the war
In tho ID .uublan provinces OF Turkey would
tend 10 lessen the Eur Ipean supply and bring
bout all incrsase IN pTice throughout the wool
markets. ot the world are without any fOundA-
ton. he huDIy from both OF these districts
ID 90 small cOmparatvely that Its total loss
would have no visible effect upon the general
market. Besides tue Seryi n wool Is a long
co ,rse, h Try rtaple, used only for carpets, ana
does not come In competition with either the
Australian, Cape, South Amerlc n, OF United
Dtfl