Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1892-10-15
AS TO WOOL PRICES
Rates Prevailing in Europe
and in the United
States.
Some Facts of Great Interest
TO the Farmers of
America.
Value of New York Fleeces
Under Free Trade and
Protection.

Woods 20 to market from all nations
In the grease, and no two nations send
neeces to market precisely ia the same
condition, 50 that "a comparison Of the
grease price Of one nations wool with
the grease price Of another nations
wool. will convey no fair idea Of the
relative value. For instance, the Cape
Of Good Hope merino wool costing ,
pence or 10 cts. and the Queensland
wool costing s pence, or 10 cts, both
cost 80 cts. secured clean In London,
and likewise q comparison of Amer-
can wool prices and English wool
prices, to be just, must be made oh
the secured basis, thus Australian wool
or a Cape of Good Hope wool selling
In London mt 33 cts. secured, with the
Mckinley duty of 80 cts. on secured
wool added, would make that same
wool cost I'm the United States, G6 cts,
aud this 80 cts is the difference be-
tween the prices under free trade and
protection for the same wool This
per cent of difference applies TO an
grades Of American wool, for since the
passage OF the first tariff law OF 1857
the average secured value Of wool in
London. has been 81 per cent below
The average secured value Of the same
wool in the United States. In other
words, II the American wool grower
had sold his wool i'm the London free
wool market instead of the protected
American market, hc would have re-
ceiycd 81 per cent less than lac OBJ
tanned for it under protection, and If
wool was put en- the free list the Lon
don price of course, would br tE,'
American price, less the difference ia
freight which is hardly worth con-
sileriug Wool in compressed bales
can be carried across TIA" ocean for
less money than from OHIO to New
York and it Is not an important fac
tor la tho price. The London m0rkc,
for woods controls the whole world,
even The United States, although wool
IN ~" United States, owing to our
duties costs when secured, double the
London price When London prices
decline, the American prices ultimately
decline, but IL always remaius about
double the London price for Tie same
wool or course with free trade, the
prices would have 10 be the samc.
The Americans consume six hundred
millions pounds of wool over -four
hundred millions pounds are mauufac-
cured i'm the United States; two hum
dred millions OF pounds are imported
In the shape of WOODEN cloth Ameri-
can woods with free trade win have
to take back seat 20 foreign woods
The latter even now, with the McIlin-
ley duty added aro in some case,
cheaper than the American woods, and
American manufacturers bny a certain
amount cf foreign wool because the
American clip, although increasing, is
not yet sufficient to supply mn Of our
wants, but with suitable protection, In
q few years the United States can
raise nh the wool the American Mills
can consume The decline OF tho wool
markets 2f The world. mainly London,
has exceeded hy several tmos, the
amount of the increased duties put on
wool hy the Mckinley bill Tho I'M
creased duties on wool 10y the Mcl\iu-
ley bill were about 10 per ccnt.tbe
decline OF wool I'm the markets OF the
world has been about 80 per cent, and
although American woods Ja lower
than they were before the Mckinley
lin was passed, they are not as low
MS they would otherwise have been
without the rmouut of the increased
duties of the Mckinley hill The
. 4
United States, is less than the amount
used 10y any other wooden mlnufaJ-
turing nation in the world The Nc
kiulcy lin raised the duties ON some
kinds Of shoddy and waste from 10 To
30 cts. per pound The Mills Bin and
the Springer Bin propose 10 stimulate
the increase use of Sh0ddy In America
10y reducing the highest duty to only
. cts. per pound Shoddy rs YOU know
Is made by grinding up wooden rags
many of which are gathered up from
the streets of F'"opc They are east
off 10y the pauIers in Europe and are
liable TO contain the germs of disease
The Springer bin proposes to admit
those tainted rags or the Shoddy made
from lhrin, at only CTS, per pound
while The Mckinley bill excludes them
altogether 10y duties varying from 10
to 80 cts These are facts without re-
gard to the political side of these Ques-
tons We simply discuss the questions
ON the basis of prices IN London. which,
With free wool would he The price
here. 4 letter written 10 the Boston
Herald describes the value of Now
York state aceccs MT L. cts per pound
under free trade MS against 2T cts. per
pound to day under protection show
ing that the yahc Of the same wool
in London and in Boston and i'm Phila.
dolphin under free trade would be 10
cts, and The value ON the farm TO 4
cts. per pound less, or only 5 to 10 cts.