Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1894-11-02
FACTS ABOUT WOOL.

FACIS ABUUI WUUL.
PRICES HAVE DECLINED UNDER THE
w. ... .. NEW LAW.
Democrats Intellectually Try to Show an
Increase Since II Went ON tho Freo List.
A Statement From the Trade-senstor
voorhees, Receives IN Oner.
Since the close Of the second session
of tho Fifty third congress prominent
Democrats throughout the west, nota-
bly, the Hon. Franklin Macveagh of Chi
oago, Representative Bynum Of Indian
apolis. Senator Voorhees, Of Indiana and
very many others whom we shall not
name are making prominent in their
speeches q statement to the people that
the price Of wool is advancing; that
there has been an advance all along the
line since the passage Of the Wilson
law.
At first sight it would seem impossi-
BILE that the price of wool could remain
where it was found on July 1, 1894.
In some of tho northwestern states it
was being offered at prices which were
really less than the cost Of clipping,
packing, etc., and yet withal there
has been no advance even in the most
notable cases. It may be argued that
wool was offered as low as 6 cents in
Arizona and some of the western terri
tories, and that it is still being offered
at those prices This may be true as to
some of the localities, but we are pre-
pared to say, from the most authentic
sources, that there is a general decline
in tho prices Of the American clip
everywhere. % y. Z.
The circular of Justice, Bateman &
Co., wool commission merchants OF
Philadelphia, issued Oct. 1, 1894, con-
firms oil that is claimed concerning the
price of wool. To the following extracts
taken from their circular, with the fol-
lowing statement and diagram Of prices,
we challenge the opposition to confirm
to the people Of this country the abso::
lutte fact MS claimed by them that wool
is advancing while the figures show =
continual decline in this country. We
reiterate that the average decline in the
10 months from March l, 1893, to Dot
/, 1894. $50. Os per cent, while the aver
age decline since the passage Of the free
wool bill in IS days is 7.24 per cent.
Attention is now called to the follow.
ing statement:
The Bateman circular Of Oct. shows
by diagram the course Of prices for
American wool since the advent of
President Cleveland's administration.
The same diagram shows the course Of
prices in the London market for wool Of
the same kind and quality. This dia-.
gram takes for comparison Xxx Ohio and
q good average Port Philip which are
woods of the same kind and. and quality
as near as may be-, although good
Port Philip is rather the best, and in
order that it may not be claimed that
we have taken only one grade or quail
ity we give table showing the course
Of prices for all Of the leading grades
of American wool. We also show that
the decline on all kinds Of wool since
President Harrison left the White House
has been over ~ per cent. The decline
in fine or merino woods alone (Which
constitute tho bulk of the American clip
has exceeded 40 per cent. In the three
outside columns Of the table is shown
the average decline which has taken
place since wool was put on the free
list, including coarse woods, which have
declined very little and which are only
40 per cent of the whole American clip.
But if you take fine or merino wool,
which is rs per cent Of the whole Amer
lean clip, you will find that the decline
has been from II per cent to 16 per cent
in the So days since wool was put on
the free list. And, although woods are
advancing in Europe, American woods
are still going down at q time when our
mill are the busiest WOODEN mills in the
world, for they have free raw material
and the Mckinley law protection until
Jan. /, 1895. These are unassailable
facts
Diagram Explanation. tt
s In order that the course Of prices from
March l, 1898 preceding the change Of
administrator, to the present time
may be better understood, we have pre-
pared the above map or diagram show
ing the value of the standard grade Of
Ohio Xxx ON the first Of each month be-
tween these dates, which also shows a
decline Of 39h per cent in the 10
months covering the transition from
protected to free wool prices. For COM,
parison Of London with American values
we select similar standard grade Of
Australian wool commercially known as