Sharp County record., 1891-09-24
THE WOOL HUMBUG.

Z Views Of a Prominent Protectionist Trade
Papcr-uow Wool Prices Have Gone
Down Under McKinley's Higher Duties -
81 What Kept Up Territory Wools,
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:
lhc wool industry in several departments
shows greater depression to-day than before
the passage of the Mckinley bill. Wooden
hosiery has been somewhat benefited, 1t is
claim' q, and dress gOol Is manufacturers
X noto some Improvement, due largely, how.
n ever, to the fact, as stated a week ago, that
MshIon has run to fabrics which are espe.
olally within the ability Of our domest C mill
20 produce, and which W uld have been the
case even at the old duties But generally
the manufacturer OF wooden goods cannot
pc lid to have been materially b.nelltcd as
yet by the h gh tariff measure. In spite of
tne large consumption of goods due to a
eeasonaCla winter. mems wear woolens are
ID an unsettled condition, with manuractur.
ers doubtful whether to shat down their
mus durlAE the summer or to pile up goods
IN anticipation of II demand whose charac
Fer may be wholly dis lpp ointng
Tho price of domestic fleccts is from to
cents per pound lower than before the
passnge of the Mckinley bin, and the i'm.
poris OF clothing woods during the eleven
months ended May II of the fiscal wear.
. which closed June 80 1891, have been SO,sl2,.
w pounds ag lnst lt325 i9l pounds during
INC corresponding eleven months ended
nay 81, S0), The kind, Of dom site woods
pr whlch th5 high tar,ff, II was supposed,
Would 40 the mos good, have be N the very
pnes t0at nave declined the most since the
pnssage OF the bill The only grades which
nhVc really held up to their former level
naVe Deeh territory woods, due largely t. the
xact that they have been in sucl largo de.
maud for mixing W tn Australian wools
ahd, although they may clse of in sym.
pnthy with the rest Of the market, they are
nkcly 10 holl comparatively firm, as there
HeVe'N indication thnt during the remainder
W 'ho year Australian wools will be sought
!or ana II they are, territory woods viii be
W uohpnu TO be used In connection with
no'l" sto lmportations OF foreign wools
Woro " no indication OF cessation Amer.
ichh wool buyers have taken Is, 600 bales NJ
INC recent London sale :, as they reasonably
pellcve that that amount viii be wanted,
As measure, therefore, for checking i'm.
p rta'lons OF foreign wools, and for enabling
tno western wool grower to secure better
prlocs Tor MS WOOL and for improving the
oohultlon OF tho goods market us a whole,
w Mckinley tariff thus far has not been a
.ucecSS ANA we cannot say that with tho
Mrgo importntlons of foreign wool, which
mo sure to continue, thorc Is evidence OF
nny substantial Improvement for tho do.
nesI,c grower although naturally there
maS DO some rcncton from tho present dc.
Ncssed lcYcl OF values, just ny there Is in
W. stock mnrEot whom prices have had A
narp or'aM But tho promised land" into
Whlch the domcsbc wool grower WIS 10 be
~ ny ms Mosos, whom he so trustIngy FOL.
"" 'u mas not appeared, and II seems as far
" HS over II IL not TO bo wondered ut that
~' no0r rumblings OF discomfort from tho
@n0 Michigan and Pennsylvania wool