The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1885-08-06
A SURVEY OF THE WOOL TRADE IN
ONO AND ELSEWHERE.
CApIZ- ONO. InlY 4. 1885

CADlH, OHIO, July 4, 1880
To the II litor OF the u. 3, Economist:
DEAR sIR.-Kn0wiug that you and
your readers take deep interest In the
movement Of wools In Ohio, we thought
II would not b. out OF place TO advise Of
what II doing IN this region, Harrison
county Ia noted for its llne staple OF
wool. II stands at the head for its Il XII
BILE and feltlng proprietles. We pro-
duce about ono million pounds In this
county. Our market has been lively the
past week. There has been taken about
100000 pounds by manufacturers and
dealers, The prices ranged from 2S 10
3316 cents per pound. The following
M n II 0. RS and dealers are repre-
eented In our market: The Globe Co.,
Slater, River Side Co., Middlesex Co.,
Parker Mills, Of Vermont; Stuse, Brown
u Clark, and Hest0n u Erbn, OF Boston,
and Stephen Barker, OF Troy, N. Y, deal.
era. We have few One, fancy clips
which 30 cents have been offered for,
The same clips last year commanded 90
cents per pound.
Wool " not dear II commands about
aa high n price In London an IL doea In
your city. This being the case a tariff
IN imperative and OF no consequence
Our growers realize that their only sal
walton depends on their further Improve.
ment OF their llOcks. and by this means
TO keep the standard 30 high that com.
petition In California, Texas and the
Territories will be out OF the question.
You're truly. II y, McFADDRN
N, B.-I hope you will deem this letter
worthy OF insertion In tho Rconomlat. |
am an old wool buyer | bought wool
for forty yeare, but | have retired from
the trade. and am now only locker
on In what 10 doing.
REMARKS ny TuB EDIToR or THE U, D.
ECONOMIST.
THE above letter comes 10 US from
very high authority, q gentleman OK
the highest standing In the State and OF
unqneetionable yeracity. Forty years
experience In the wool business, dur.
Ing tho most evontful epoch In Amerl.
can, II not tho worlds history, has
givon him On acute insight Into the
working Of tariif laws, aud finance, and
trade generally which few persons In
Ohio eau boaat OF. After telling no
some plain facts, which dealere would
suppress for the time being II they
could, no only adroitly drops tho sub
ject and tells no "wool Ia not dear" A
fortnight ago we gave fact0 which do.
n0nutrated beyond cayll that wool was
lower than In sixty yeare before, aud we
Will say now, this nineteenth century.
We then called for tho real oauee OF the
Btagnhtlon and depression In the wool
aud wooden interests, and no one ven.
tured d committnl OF tho cause 10 pen
and paper. Orally we have been told
that the depression In wool was caused
by tho stagnatlon aud depression In
goods. II 10 an ugly question 70 tackle,
and ono which confounds oil the Glib
writer's In the land, no matter whether
thoy belong 10 the farming clase. the
manufacturing class or the commisslon
merchant, the jobber, tho clothler, tho
wool dealer OF broker. Those who have
been long thoroughly familiar with tho
Expressed logical sentiment OF the
Economiut know full well that eighteen
years ago we clearly prOgnoeticeted
what hA6 happened 10 those interests, !,
and our words have been found true 10
tho lelter. And now what 10 tho result;
n gentleman OF Ohio who has grown np
With the State aud wool aud banking
interests, merely telle us that, the beet
grown and "fanry c'ips' OF Harrison
county are being bought MP at aS cents
10 one third OF n dollar, but he fails to
tell az that a good deal OF tho clip
passed out OF farmers hands below 20
cents TO one quarter dollar, or about an
EngliBh shilling. No wonder he tells us
wool Ia cheap, But the majority Of
manufacturers and wood dealers assure
us wool 10 to- high and. they are afraid
TO Invest largely In II, for past expert
ente has burned such big holes In their
pockets that when they went 70 search
for their profits they found them non
est Our correspondent tells also that
they have some Ane fancy BAxony clipe
within tho county and State ATS cents.