The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1891-07-30
OUR WOOL AND ITS PRICE
CHANGES MADE IN THE NEW TARIFF
LkaN o. 1890.


Prsoe would Have Been IA. for tho In
creased Tarin-Outlook for the Future.
President Cleveland's message propos-
ing free wool created much CONSERVATION
among wool growers lest the price Of
American wool should be depressed to the
level Of foreign woods by placing wool
upon the free list
When congress revised the tariff in 1890
the leading wool growers asked for the
very moderate increase upon raw wool Of
ono cent per pound. What they most de-
sired was the correction Of two serious
abuses by which the spirit and intent of
the law Of 1888 was avoided. Clothing
woods Of low grade were being imported
as carpet wools- The growers asked thst
these qualities be reclassifed so as to pay
the same duty as other clothing wools.
Highly purified secured wool, after hay
ing been carded and then combed into
top. was broken up in order to give it the
appearance Of waste, SO that it might be
admitted under the commercial name Of
waste at only one-third Of its proper duty.
Outside Of the correction Of these two
abuses the wool growers asked for only
one cent per pound additional duty, which
was all the increase that they thought
practicable in the schedules upon raw
wool at this time. They were aware
that they We're suffering from inadequate
Protection upon manufactures of wool
American wooden mills were failing and
the consumption Of wool in the United
States was decreasing, while wooden man
ufacture was being transferred from
America to England at rapid rate, point
Ing in the near future to the destruction
| OF the home market for American wool.
| They therefore urged the Importance
of such necessary increased duties upon
manufactures Of wool as would lead to
the making in this country of the wooden
fabrics formerly made here, but recently
imported
Now, after eight months experience
with the KcKinley bill, wool growers
are satisfied that il the bill is given fair
trial 1t will give them the degree OF Pro-
lection on wool which they expected and
asked for. Some disappointment exists
because OF the recent decline In woods in
the outside markets Of tho world, s~ns-
ing corresponding decline in the U Hjssd
States, but the wool growers realize that
their wool sells for moro money in the
seaboard cities Of the United States by
twelve cents per pound than the same
wool would bring IN the London market.
and while thay regret the downward
tsndaney of clothing wool prices all over
the world they areaware that but for tlhs
timely passage OF the Mckinley bill,
owing to inadequate Protection to mana
iacturers Of wool, they must ultimately
have taken very much lower prices for
ti,etr wool than they are now receiving.
Well informed wool growers believs
that failure to pass the Mckinley bill
would have been followed by prices for
wool five cents per pound lower than to-
days prices. and the passage of the Mills
bill in its place would have been followed
by decline Of twelve cents per pound
to bring American wool to the level Of
similar woods in London, the latter mar
ket dominating prices for the whole out
side world. The Mckinley bill has
| caused decrease IN the importation of
manufactures Of wool during the first
half Of the year 1901 and has greatly
| stimulated manufacturing in the United
States, causing an enormous increased
consumption Of wool conservatively eeti-
mated at over 100000 pounds per
month. This view is strengthened by
the increased importation of foreign
woods during the same period. It was
| known that an increased manufacturing
OF wool in America must necessarily at
first be accompanied by increased i'm
| portations of wool, as the process of in
crease in American stock is slow. A large
percentage Of lambs find their way to
market for mutton and never produce
more than their first crop Of wool.
The United States consul, Griffin, at
| Sydney, Australia, reports that the wool
growers Of that continent received
nearly 2o per cent less for their clip now
being marketed In London than they OBJ
tanned for the previous years clip The
American wool grower IN northern Ohio
is receiving thirty cents per pound for
the washed fleece clipped from Shrop-
shire sheep, as against thirty three cents
Last year, a decline Of only 10 per cent.
The same sheep IN Canada are produc-
ing exactly the same wool, which is sell
ing there az only eighteen cents, as
against thirty cents IN Ohio.
The passage Of the Mckinley bill, COM
ing opportunely as It did just before q
decline in wool all over the world, saved
the American grower from disaster.
The Mckinley bill is daily leading to
the manufacture in the United States Of
woolen fabrics that heretofore were I'm
ported. AS an illustration, we point to
the largest importer Of worsteds in
Philadelphia, who under the tariff law
of 1888 manufactured his goods in Brad
ford, England, paying the government