The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1891-09-11
THE WOOL HUMBuo.

Views u Prominent Pr0tectiontst Trade
Paper-How Wool Prices Have Gone
Down Under McKinley's Higher Duties
what Kept W Territory wosls-
The American Wool Reporter, Of Bos-
ton. protectionist trade paper in favor
Of free wool. contained an editorial re-
Gently on the prices Of wool. which
every wool-grower should read The
Reporter says:
The wool industry in several Departments
shows greater depression tod ~ than before
th- pass sge % the Mc Einlcy bill Wooisn
hosiery has been somewhat benefited. u l.
note some Improvements. due largely. how
ever. 70 the fact. ~ stated wee< ago. that
fashion has run to fabrics which are espe-
ciaIiy within the ability ~ our domestic mills
90 produce. and which v. uld have been the
case ~, NJ the old duties. Hut generally
she manufacturer Of wooden goods cannot
be ~ 10 have been materially b 'nefted ~
vet by he h ga tari6 measure. In spit OF
she large consumption OF goods due - a
oexsonabl~ winter. mems wear woolens are
in an unsettled condt on. with manufactur-
ers doubtful whether to shnt down their
mills duriax the summer o. to pile MP goods
IN anticipation Of demand whose clarAc
Ger may be wholly die Up ointin-.
The price Of domestic 1cccss - from 60
ccnts per pound lover than before she
| passage Of thu NcKnI-y bill anu the i'm
| poris Of c!othIng woods during the eleven
| months ended May a Of thr fiscal year
| which closed June % l~9t. have been so.siz.
4 81 pounds sgsin-t llszs. ssi pounds during
1 the corresponding eleven Months ended
l May ST. 10, Tire kInd> 81 dom site woods
I Tor whicl the high tar n. IL was supposed
/ would do the most good. have be n thc vcry
| ones that have declined the most since ths
| passage Of tac hill. The ONLY sr .drs which
have really held mp 20 Oh II former ieve
have been territory woolo due largely - a.
fact that they have been in suca large de
nand for mixing v IN Australian woods
and. although they may etse Oh In sym
pathy with the rcst OF the market. they nr
likely % hold com-ar stively 1rm. - Their
q everv indication thar during the remairsle
Of IN. year Australian woods viii be souxh
for and n they rfc. territory woods viii b
IN demand 20 be used In connection Wit
them. A. % importations Of foreign woods
there u no Indication Of 3 cessation. Amer
team wool buyers have taken 1900 bales 4
thc recent London sales. - they REASONABLE
believe that that amount will be wmted-
~ A. measure. therefore. for chrckinx I'm
rtafions Of foreign woods. and for enabiin
tne west-rn wool grower 10 secure belts
prices Tor his WOOL and for improving th
condition OF the goods market ~ q who'll
che Mckinley tariff thus far has not been
success And Ne cannot sav that with n
large isnportations OF foreign wool. whic
I are sure 20 continue. there - evidence
any substantial Improvements for the d
mestic grower. although naturally thci
I may be some reaction from the present a
4 pressed level Of vaiucs. just rs there il
che stock mar<ct when prices have had
sharp break. hut the promised land mi
which the domesns WOO. grower w.r 90
| lei By his Noses. whom he 30 trns;ingly "a
, ! low a. has NOS appeared. and u seems ns 4
on a. ever ID II not TO be wondcre nc th