The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1890-11-05
PRICES GOING UP.
Pleasant Rc.din: tor Consumers from the
Trade Journals.

The trade journals, whose function it
is to chronicle the ups and downs Of
prices for the information of the jobbing
and retail trade, are just now interest
ing reading for people with inelastic
incomes The Mckinley tariff put
higher duties on foreign manufactures
to enable the home protected manufac-
turers to get higher prices, and the pub
lished price lists show that they are
working the new law for all it is worth.
The American Wool Reporter Of the
18th instant makes this report Of the
present state Of mind of woolen manu-
facturers: Naturally all are looking
forward to readjustment of values.
This is imperative, and. more than this
is the direct purpose of the new bill
AS to plain goods the Reporter says:
"No one can tell where the market will
60 on these fabrics. At the present
time tifty-inch goods that have been
sold by jobbers this season as low as so
cents, and in few instances possibly
down to Az cents, are held strong at
agents hands at is cents. \ decided
advance must be obtained on these
fabrics, and it is held by some that
prices will touch IS cents before the
spring season is over SatinetS, says
the same authority, are to command
higher prices, consequent upon the
change in tariff laws These must come:
they are the inevitable result as well as
the designed purpose of the Mckinley
bill" FlannelS, according to the Re-
porter, are to enjoy "a Is to 20 per cent,
advance over the auction prices of last
spring" The Central Falls Mills, says
the same journal, have announced that
on and after the 18th the price of their
"all wool Thibets will be S1.S715, an ad-
vance of 121a cents per yard, the goods
having been sold this season at S1.15."
On the subject Of carpets the Reporter
had an interview with Mr.. \. 7. Lyman,
of the Lowell Carpet Company, as to the
effect of the new tariff on his business.
"All classes of woods entering into the
texture of carpets" says Mr.. Lyman,
'are subject to higher duties. A large
amount of wool now coming to us will
have to pay 40 per cent. more duty than
it would have had to pay if it had come
in last week. Blight on the top OF the
passage of the Mckinley bill, the Phila-
delphia carpet manufacturers invited
the representative of the Eastern mills
to enter into an agreement to lock up
40 per cent. of all the looms for one
year, beginning November 1st." The
locking up proposition was not adopted,
but it was agreed to raise prices, and
Philadelphia carpets have accordingly
been advanced ten cents a yard. This
action, however, was only preliminary
to a further advance. In addition"
says Mr.. Lyman, lit was agreed that If
the Eastern mills advance, the Phila-
delphia mills will Immediately follow
suit with an advance upon that which
they have already made New prices
are generally given out about December
1, but this year they will come much
earlier and will be much higher. An
other conference Of manufacturers IS to
be held in New York next week. TO
sum up the situation: Consumers will
soon have to pay higher prices, or else
they must buy inferior qualities Of car
pet at the old prices
The testimony of the Dry Goods Econ
omist is the same. The first effect OF
the new tariff, says the Economist, has
been to harden values for all kinds Of
dry goods and to advance prices for all
classes. Raw wool has advanced and
all manufactures are iirmer to higher.
Fine dress goods are 10 to Is per cent.
dearer, and flannel fabrics are tirmer,
with an upward tendency. Linens have
advanced 10 per cent, and the tendency
is upward, particularly for handker-
chiefs. On all kinds OF table linens,
shirtings, hollands, sheetings, burlaps,
towelings, and housekeeping linens
generally, advances Of 10 to l2119 per
cent. are readily obtained, and trade is
quite brisk at that.