Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-05-18
TIE PRICE OF WOOL.
Horkhelmsr Bros Reply to Com muni
cation In Yesterdays "Register"

cation In Yesterdays "Register."
A REGISTER reporter called at the
Office OF Horkheimer Bros, yesterday,
TO get statement from that nrm TO-
garding a charge made in acommuni-
cation from Weston, that the urn was
trying to force wool growers In that
district TO sell below the market prices
Said a member of the firm:
Judging from an article in this morn
inR's REGIsrEK, the wool growers OF the
Weston section are agitated over the
present price OF wool. They seem 70
consider that the price offered by HorK-
heimer Bros. this year as against TWEEN
ty-dye cents paid last year. thSI
this reduction in price, five cents per
pound, on their wool was too much, ana
they would not be forced to accept H.
Since this is a simple question OF ouSi-
ness, the wool growers certainly nave
right 10 hold their wool and try TO make
more out OF it. The present condltioh
OF the market is entirely different from
last year. At that time manufacturers
were running on contracts aheau' anu
had no trouble TO get orders, whereas
now they are simply filling out Ola con-
tracts, aud are having trouble 10 get
new orders. IL is natural that they
would be very careful in the purchase
OF raw material, and we DO
not think in the present
state OF financial affairs that
the price OF wool will go higher. In
fact we look for hand'to-mouth business
as the wool manufacturer will buy wool
as be needs il. This condition can not
very we'll be remedied with the entire
wool clip OF the United States coming
on the market, and it would look as II
the early sales would be the highest
priced ones.
This is our opinion, and we claim TO
have a right to an opinion, also TO CON
duct our business in accordance with
our views, without being classed In the
bunco line There is no attempt OF en-
forcing or buncoing anybody. There
is condition facing the wool
market not a theory, that while
wool is still being bought I'M
der the Mckinley tariff, and there
has been no change in the tariff, any
sane business man or wooden manuIac-
turer will be careful not to have very
large stock Of wool on hand, as toe
time for the extra session OF Congress
is not far of, and IL is expected TO
take place on September 1st. Farmers
will no doubt find that the article Is
not as eagerly sought Tor this season,
With these conditions pending, as In
former years when we had settled mar
ket. In former years we contracted Tor
the wool on the sleeps back, long be-
fore II was shorn. This year we pre-
ferred to take our chances after the
wool was shorn. The longer we wait
the better IL will be to us, as we DO
not look for any advance in price, but
to the contrary, believe there Will be d
decline.
We are not alone in this belief, as
Eastern buyers, who are usually in the
West this season Of the year, content
themselves at home, and simply wait
for the Western wool men TO get their
ideas down to the place where the pres
ent market ought to be, We see moth
ing wrong in the wool growers engag-
ing Mr.. w. McGary to sell their wool,
but we do think il entirely unprovoSed
in making an attack on US because we
do not feel like paying more for wool
than it is worth, and we have no fear
but we will get all the wool we want Tor
our money.