Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-10-29
BUSINESS MEN TALK.
Pacific Coast People Deal in Plain
Truths Touching the New Era
for Wool Producers.

has already been very marked. Prices
have advanced and the San francisco
warehouses are nearly empty. Local
Union, are delighted, and they see no
reason why there should ever be return
to duties on wool.
Manufacturers and dealers everywhere
are taking kindly to the new order of
things, for there has been an increase of
30 per cent in the quotations on wool in
the past sixty days, and this in spite of
the persistent cries of calamity howlers
that free wool would destroy the industry.
Business promises better than it has for
years. In the east
MILLIONS OF DOLLARS
are being expended for machinery for
the manufacture of superior grade of
goods, and there is strong probability
that similar expenditures will in time
have to be made on the Pacific coast.
Many of the mills are now running to
their full capacity to meet their orders.
The foreign wool market is very strong,
and the advance in foreign and domestic
woods is regarded as substantial one.
Interviews with prominent local deal
ers in this and other cities corroborate
the ilattering reports that come from the
east, and show that the great eastern buy
ers think that the advance in price is sub
stantial.and not mere vibration of the
market. The greatest firm in the Union
last week bought 100000 pounds of
American woods at stiff prices, in spite of
thp fant 4hof n hoJ hand hall &c
Australian wool.
Harry E. Wise, OF Christy, Wise & Com
pany, give the following account of the
good effects of the Wilson bill:
INCREASED DEMAND.
"Tho effects of the bill have been excel
lent and they will be better. 1t has al
ready been demonstrated that the cry that
free wool would ruin things is merely a
crude political lie. In the past sixty days
wool in the grease on free stock has ad-
vauced from l to 3 cents pound, de-
pending particularly on the staple. '""his
advance applies to the territory woods Of
Oregon, Idaho, Nevada, Montana, Now
Mexico and Utah. The increased demand
AT BETTER PRICES
is directly attributable to two reasons:
First, the great manufacturers feel sure
that wool has long ago reached bottom
and that it is bound to advance; second,
the settlement of the tariff puts business
on definite basis. Foreign woods can
not ruin US, for the reason that even the
advanced price on territory woods is lower
than foreign goods can ever compete
with. Then another point to be remem-
bered is that there is now an increased
demand for foreign woos, demand so
brisk that 1t has already sent up the price
abroad. Eastern manufacturers engaged
upon the more popular fabrics into which
foreign woels are woven are behind in
their orders and many are running over
time to complete the orders. So, you see,
the foreign woods have not hurt US and
they will not. In fact, in spite of an in
creased price of foreign woods, the ad-
vances
ON TERRITORY wooLs
exceed them. think that the handwrit-
ing on the wall is plain. AS the bill de-
velops in it's operation its full advantages
will be enjoyed more and more on this
coast and throughout the country. Our
Boston house advises us that there is the
strongest kind of feeling in the market,
Ind that the firms that have lately made
purchases are the most success
Ful in the United States. One house late
y bought 100000 pounds of Montana
wool and 100000 pounds of eastern Ore.
yon on largely increased secured basis,
ollowing heavy Australian purchases.
THE EFTEoT ON CLOTHING.
"The price OF clothing, however, will
lot 60 higher, because great competition
will pull it down. In fact, there are only
'ew pounds of wool even in a fine, heavy
'uit of clothes. In a $50 suit the wool
,osts about 81. The protective tariff,
however, redounded to the benefit of the
and enabled them to keep
Up prices. l believe that untaxed wool
will establish the industries dependent
,pon it on a stable and Aourshing basis,
insure to consumers better and cheaper
and create an increasing demand
or American wool. The good effects of
he bill are far-reaching already, and we
,ave only begun to realize them"
J. 0. Hoffman, of the firm of Hoffman,
Alexander e. Co., manufacturers and i'm
porters of clothing and proprietors of
The Oregon wooden mills in Salem, who
las been making thorough study of the
ariff on wool and the effect of it's removal,
'ays of the Wilson bill:
"a feature of the new tariff law which I
consider of the greatest importance is
he fact that man can run business
With less capital than before. You see
ormerly, bv way of illustration, suit of
clothes ready made cost s. and we sold
t for $12, wholesale prices; but now the
anne suit will cost the retailer Sc and he
will sell 1t for $40.
IT'S it not easily seen that he can run
lis business 1.-.
WITH LESS CAPITAL?
IND does it not follow that he will have
more money to put into something else? /?
md every dollar put into circulation in
'arious channels of manufacture and in
lustry does its mite of good. Thirty
thousand dollars will be ample when tho
aw gets in good working order to capi-
alize business that heretofore took $780,
100. Above it all stands out the fact that