The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-08-23
THIS YEARS WOOL CLIP.

THIS YEARS WOOL CLIP.
Why Domestic Producers are Unable
10 Compete With ForeiSa Grow
ers.
Leading brokers in wool view the re.
cent advance In this staple as purely
spasmodic, and say that so long as the
wooden manufactures remain in their
present state Of financial distress, just so
long will the wool growers of this coun-
try experience difficulty in realizing pay
ing prices for the raw material. This
state of affairs they charge to the ill-ad-
iusted tariff. They say that this tariff
has not only failed to produce the tondly
predicted result for "home manufacture"
but it has actually done injury to the do
mestic production of merino wool.
According to the best estimates, 1t Is
an admitted fact that the clip of fleece
wool in the states east of the Mississippi
has of recent years been continually de-
clining, and is now reduced from about
lac, 100000 pounds in 1867 to quantity
estimated at not above l2000O,0O0
pounds. In support Of this statement,
they bring forward the authenticated fact
that in seven years the clips of Ohio end
New York decreased from 2S,0O0,0OO
pounds and 100000 respectively to
is, 600 900 pounds and 100000 pounds.
In a report to the Chamber of Com
merce. a committee of the New York
wool trade says:
While the production Of the less pro-
tected combing woods has VIGOROUSLY IN
creased by large: percentage in the old
wool-growing states, the clip of the highly
protected clothing woods of the merino
variety can be safely asserted to have de-
clined TO hardly seventy per cent. OF the
amount produced in 1866 If absolutely
reliable statistics could be obtained, we
have no doubt that a still greater de-
crease in production would be shown.
Wool growing has increased only in the
far West, and even there its strides were
quite rs rapid under the low tariff of 1857
TO 1861 as they have been at any period
since.
In addition to the fluctuating measure
of values, these gentlemen find special
cause of suffering to the wooden industry
in the fact that 'the extraordinary as
,ivitv prevailing during our war, and
Immediately after the war, brought with
it sudden and large increase OF machin-
erv that we have never yet kept en-
ployed for any length of time without
creating a surplus stock of some one
class of goods. Our manufacturers are
prone to rush into the production ofsuch
classes of goods as momentsry
demand has rendered profitable, and
the lnvariable result Is an overproductlon
of these fabrics" AS an instance of
this, look at the recent large Toolen
sales IN this city, where goods sold at 30
cents on the dollar. Such al over pro-
duction, they say, may happen in Europe,
but there manufacturers relieve them
selves of their surplus At comparatively
small sacrifice "by consigning their goods
to foreign markets, where their cheap
ness has already introduced them. Our
manufacturer, having made his goods out
of highly taxed wool, has no such outlet
for them. and is compelled either to await
the slow operations of time or TO submit
to a heavy sacrifice by forcing his surplus
on the home market in competition with
his similarly situated neighbors.
In support Of this position, which is IN
accord with the opinion of the leading
brokers, they point to the tourlshlng
WOODEN industry of Canada, which, with
lis three millions of inhabitants, imports
or consumes as much Cape wool as the
whole of our country with its forty-two
millions of people.
The total wool clip of the United
States last year was l93,OOO,0CO pounds.
This wear it will probably fall a little
short Of this. Yet in kee ping up this
aggregate the states west of the Mlssis.
sippi have increased their production
some 100000 pounds, an amount equal
to the decrease in the states east OF the
Mississippi. Thus the better class OF
cloth woods are falling of, while the in
ferior qualities are increasing.
1t is useless 10 talk of exporting our
woods, for the home market owing to the
tariff. il the highest priced. Australian
woods bring 80 cents IN this market, and
only rs cents IN the Loadon market. But
the Australian grower can realize pront
by selling his clip at II cents while the
American grower requires 80 cents TO
make the same quality OF wool growing
nrofitsble. Hence it isthat netwlthstand-
ing the high tariff, the growers are not
benefited. because the manufacturers can
not afford TO them paying price and come
into competition with the better quail
tiles of cloths from foreign markets.
Last wear at the commencement OF the
clip the price ranged from 40 to 40 cents;
this wear it WAS from ~ 10 ~ cents,
wholly owing TO the prosiratlon IN the
manufacturing interests. The general
opinion seems 10 be that the rise OF from
8 to cents within the past wee was
brought about by.speculstors, and that
there can be no real advance until there
is a revival Of business in the manutac-
turing districts.
The reports tina. the Carlist War and
the war in the Dsnuoian provinces Of
Turkey would tend to lessen the Eu-
ropean supply and bring about an IN
crease in price throughout the wool msr-
kets of the world, are without any ioun-
ds,ion. The supply from both OF these
districts is so small comparatively that
ITS total loss would have no visible eject
upon the general market. Besides the
Servian wool is a long. coarse barry
staple, used only for carpets, ana does
not come in competition with either the
Australian, Cape, South American, o:
United States woods.
OsculatoFy Bargain.
From the Iowa Register.
In the north part of the city, IS We
;,,- r.,or.ar ranorts Young lady