Waterbury evening Democrat., 1892-08-29

UT WnofeSaI6.pr1ceS was here preSenGe0.l
 This table shows that during the four months preceding Oct. 1, 1889, wholesale prices had never risen above the normal or initial point, except in August, and then they were only 22-1OOths of 1 per cent. higher. In September they were lower than the initial price, and they never receded to that point again until August, 1891, period of nearly two years, and then they were only 7-100ths of l per cent. be- low it.
 The group of ''cloths and clothing" se- lected by the committee for the purpose of Investigating wholesale prices contains sixty-two articles in general use among the people, and on the 1st of December, 1889, when the Fifty-first congress assem- bled, the prices of only five of them had advanced since the beginning of the pe- riod. The prices of thirteen of them had fallen and forty-five of them had neither advanced nor declined. The tariff act passed the house of representatives on the Fist day of May, 1890, and by the 1st of June following the prices of sixteen of the articles embraced in this group had in- creased, and any one who will examine the report of the committee will see that from the 1st day of August, 1890, the articles embraced in this important group, taking them all together, never fell to their origi- nal or initial price until Sept l, 1891, the last day of the investigation, and then they were only 2-100ths of per cent. lower. Increase in Wholesale Prices.
 Now, MT. President, by the use of this l table, which is part of the unanimous report of the committee, and assuming as before that the annual expenditure for | consumption is S1O,OOO, 100000 and the | monthly expenditure $S33, ,333, ,333, we can l ascertain without difficulty the effect which the increase in wholesale prices would have had upon the people of the | United States if the whole quantity of 7 commodities consumed during the period covered by the investigation had been ] sold by the wholesale dealers during that | time. That the whole quantity consumed was not actually sold at wholesale during that time is shown by the fact that the az gregate increase in retail prices or in the cost of living did not equal the aggregate increase in wholesale prices.
 l On the 1st day of October, 1889, upon the basis just stated which is less than the total expenditure for consumption, the in- crease over the initial price was S, 150, ,000;
 on the 1st day of November, 1889, it was e7, ,S33 1888, and on the 1st day of December,
 1889, it was SIP, ,5S3,333. Congress met on the first Monday in December, the commit tee on ways and means was appointed, and 1t was soon we'll known to the country sub | 9CehnGAdA1y "hehC 1OS pO41Cy WOu1o Uc III Iel-
 erence to tariff legislation, and on the 1st
 day of January, 1890, the increase of whole
 sale prices over the prices prevailing at the beginning of the investigation was $1S,-
 75O,000. The next month it was S20, 400, 900,
 and then there was slight decline from
 that figure until Sept. 1, 1890, when the in
 crease was $24, ,9OO, ,OOO. The Mckinley bill
 was approved Oct 1, 1890, and from that
 date the increase of wholesale prices con-
 tinued to grow larger month by month un.
 til on the 1st day of April, 1891. it was s35, l16,666 But I will not detain the senate by further statement of these increases
 In detail, but will insert the following
 table, which will show that the total gross
 Increase from Oct. 1, 1889, to July 1, 1891 Amounted to the sum of $445, ,619, 1885, but turing the months of July and August dIS91, there were small decreases, amount Ing to $3, ,10S, ,333, which, being deducted
 leaves net increase of $442, ,510,55