The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1894-10-19
WOOL ON TIE FREE LIST.
/ Democrats Trying to Show an Increase IN
| PRICES Tader the New Law.

Democrats Trying to Show an Increase IN
Prices Under the New Law.
Since the close of the second session
of the Fifty-third congress, promlnens
democrats throughout the west, nota-
blv Hon. Franklin MacVeagh. OF
Chicago; Representative Bynum, OF
INDIANAPOLIS, Ind; Senator Noor-
bees. of Indiana, and very many 9TH
ers are making prominent in their
apeeches a statement to the people
that the price of wool is advancing;
that there has teen an advance all
along the line since the passage OF the
Mckinley law.
At first sight it would seem impos-
sible that the price of wool could re-
main where it was found on July l,
1894. In some of the northwestern
states it was being offered at prices
which were really less than the cost OF
clipping, packing, etc, and yet with
al, there has been no advance even IN
the most notable cases. 1t may be ar
gued that wool was offered as low as
six cents in Arizona and some of the
western territories and that it is still
being offered at those prices This
may be true as to some of the locall-
ties, but we are prepared to say. from
the most authentic sources, that there
is general decline IN the prices OF
the American clip everywhere.
The circular of Justice, Bateman S
Co.. wool commission merchants OF
Philadelphia, issued October l. 1894,
confirms all that is claimed concerning
= H. 0f To- tho follow
extracts, taken from their circular,
with the following state nent and dia-
gram of prices, we challenge the Oppo-
sition to confirm to the people of this
country the absolute fact as claimed
by them, that wool is advancing while
the figures show a continual decline
in this country. We reiterase that the
average decline in the nineteen
months from March 1, 1898, to October
1. 1854, is 37.Os per cent. while the av-
erage decline since the passage of the
free wool bill in thirty-five days is IA
per cent. Attention is now called to
the following statement:
The Bateman circular OF October ]
shows by diagram the course of prices
for American wool since the advent q
President Cleveland's administration.
The same diagram shows the course Of
prices in the London market for wool
of the same kind and qualify. This
diagram takes for comparison &X Ohio
and a good average Port Phillip,
which are woods of the same Kind and
quality as near as may be, although e
good Port Phillip is rather the best.
and in order that it may not be claimed
that we have taken only one grade or
quality. We also show that the DECLINE
on all kinds of wool since President
Harrison left the white house has
been over 81 per cent. The decline in
fine or merino woods alone (which con-
stitute the 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 25 per cent. of the whole
American clip. But if you take dne OF
merino wool, which is rs per cent. OF
the whole American clip, you will find
that the decline has been from II to
IS per cent. in the thirty-five days
since wool was put on the free list
And, although woods are, advancing in
Europe, American woods are still go
ing down at time when our mills ara
the busiest wooden mills in the world.
for they have free raw material and
the Mckinley law protection until
January /, 1895. These are unassaila-
bic facts