Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-09-04

cities and ia various establishments IN
each city, and my statement would not be
complete withont giving the Foesuh Of thst
investigation. That investigation shown.
what r. tAe cornmsa observation q EVERY
body, that Wholesale prioes r,spond more
prosspuy 70 disturbing eauscs thAn retail
prices The reasons for this are obyisus
In the iirst place the wholesale trade Is
located almost exclusively IN the Grrat
cities, ami Is in the hands q comparative
" new men, whilc the retail trade - scat
tered all over the country aud Is IN the
hands Of a grssat many men.
THE wholesale dealers and the manufac-
tureis Of the gods they seh look forward
20 coming events keep themselves In
formed Of movements IN congress and else
where. and take advantage OF them In vi.
vance while the retail dealer, 80 general
rule, gives less attention to disturbing IN
nuenoes. becsasc he has hisgtcck ON hand,
purchased az the old ptlces, and be con-
tinu,s 70 ash u substantially az the Old
prices until he lays in = new stock at the
new prices
IAN elaborate table on the iincsnstioxs
Of wholesale prices was lierp presented
This table shows ti.st during the four
months preceding Oct 1. 1855, Wholesale
prices had never tisun above the normal or
initial point except in August. and thea
they were only &i00ths Of l per cert.
higher, In September they were lower
than the initial price, and they never
receded to that point again until August,
ls0i period Of nearly two years, and then
they were only 5-looshs az per cent be
low t.
The group Of cloths and elothingn So
leotod hy The committee for tho purposo Of
Investigating wholesale prices cnnt.lls
sixty two articles In general use ainoag
the people, and on this iHt Of December,
lssQ, when the Fifty-iirat congress assem-
hled, the prices Of only i've Of them had
advanced since the beginning Of the pc
ricd The prices OF thirteen o. them had
inllcn, And forty-tve Of them had neither
advanced nor deciined. Tho tariff act
p9sscd the hoIule OF representatives on the
2ist day OF May, isaO. and by tho LIST q
juno following the prices OF sixteen OF tho
articles etnbrueed IA this Eroup had in
creased, and any cue who will cxamirc the
report Of the committeo win soo that FROM
the lst day Of August, 1850. the articles
embraced in this Important grOup, taking
them all together, never fcii TO their oriFi.
nal or initial prlee untn Sept /, 1921, the
last day a tie Investigation, and then
they were only a-l0oiits ot per cent lower
Inor1ase In NFholesnir Pricps.
Now, Sir President, by the use q this
table, which Is a pnFt " the unanimous
report Of the comirittec, and assuming an
before that the annual expenditure for
consum9tion Is sln,o0N 0o0, oQl and thr
monthly expenditure s8s .Sl3, SIS, we eau
ascertain without dHliculty tho eject
which the increase in wholesale prices
woald have had upon tho people OF the
| Uuited States II the whole quantity Of
commodities consumed during the pcnOil
| covered by the Investigation heal been
sold By the wholesale deaicra durlng that
! tine. That the whole quantity consumed
was not actuHlly sold at Wholesale during
/ that time t. shown by che fact that che ag.
| gregatc increase in rttau prices or IN tho
cost Of living Did nJt equal tho aggregate
increase Ia wholesale rrice0
On the let dag Of October, IT'D, upon the
basis just stated, which is less thnn the
total expenditure for consumption the In
crease over the initial price was q, zoo,
on tho lst day Of November, 1889, it was
! STSil, 8si, and on thc 1st day Of December,
1850, It was ti95s2 aa9. Congress met on
the first Monday la Drreintrr thccauinit
tee on ways and means wac appointed AID
Sc was soon vpa known TO the copptry sub.
hlfNiANAly NhtA rs ifAlAtl NoNiA - ~ lel
erence 70 tRiaG leriaiAsipn, and ca ,hc lat
day OF Janaary, 1850, the increase oi whole
sale prices over the iriees prsvssiiur a. che
hesinning Of the Investigation was tls
10000 The noAt rlouih " WIS Sl94 con
aud then those ,g,s a slight dc1iinO from
that figure unui Sept, 1, 1870, when tho in
crease WIS G.lhq0ua0. The hokialey bill
was approved Oct !, 1850, and from that
date tde incrrasc Of wholesale prices con
tiuuod 70 RFow larger meath BY month un
III on tho lat day Of April, ispl, u was s35,
n6,0s6 But viii not dgtain the seunt,
by a further Fta.toutat Of tbrse incrvszs.
In detail but viii Insert The followlas
table, witch will show that tho total grop
increase FROM Oct I, i6s9 TO July !. 1871
amouuted to the sum Of tttl,6lefs5, hul
during tho mouths Of Juiy aad august
1891. there were small decreases, amount
ing To t3.i0s.253, which, being deducted
loavesa net decrease Of Qti2.a0A5a.
I