Little Falls weekly transcript., 1894-11-02
FACTS ABOUT WOOL.

II W
PRICES HAVE DECLINED UNDER THE
NEW LAW.
Democrats Intellectually Try to Show an
Increase Since 1t Went on the Free List.
A Statement From the Tra.le-senator
voorhees, Receives an Offer.
Since the close Of tho second session
of tho Fifty-third congress prominent
Democrats throughout the west, nota-
bly, the Hon. Franklin MacVeagh Of Chi
cago, Representative Bynum Of Indian
apolis. Senator Voorhees, Of Indiana and
very many others whom we shall not
namo arc making prominent in their
speeches statement to tho people that
the price of wool is advancing; that
there has been an advance all along tho
line since the passage of the Wilson
law.
At first sight it would seem impossi
bio that tho price Of wool could remain
where it was found OH July l, 1894.
In some Of tho northwestern states it
was being offered at prices which were
really less than tho cost of clipping,
packing, etc, and yet withal there
has been no advance even in the most
notable cases. 1t may bo 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 tho localities, but we are pre-
pared to say, from the most authentic
sources, that there is general decline
in tho prices of the American clip
everywhere.
The circular of Justice, Bateman &
Co., wool commission merchants of
Philadelphia, issued Oct. l, 1894, con-
firms all 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:.
lute fact as claimed by them that wool
is advancing while the figures show o
continual decline in this country. We
reiterate that the average decline in the
10 months from March /, 1893, to Oct
/, 1894, is 81. .0S per cent, while the aver
age decline since the passage Of the free
wool bill in 35 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 tho London market for wool Of
tho Same kind and quality. This dia-
gram takes for comparison Xxx Ohio and
q good average Port Philip, which are
woods of tho same kind and and quality
as near as may be, although good
Port Philip is rather tho best, and in
order that it may not be claimed that
we have taken only ono grade or quail
ity wo givo table showing tho course
of prices for all Of tho leading grades
of American wool. We also show that
tho decline Oh all kinds Of wool since
President Harrison left tho White House
has been over ~ por cent. Tho decline
in fine or mcrino woods alone (Which
constitute tho bulk Of tho American clip
has exceeded 40 per cent. In tho three
outside columns of tho table is shown
tho average decline which has taken
place since wool was put OH the free
list, including coarse wools which have
declined very little and which arc only
20 Der cent of tho whole American clip
But if yOu take fine Or mcrinO wool,
which is : 5 per cent Of tho whole Amer
lean clip, you will find that tho decline
has been from II per cent to 6 por cent
in tho 30 days since wool was put on
tho free list And, although woods arc
advancing in Europe, American woods
are still going down at time when our
mill are the busiest woolen mills in tho
world, for thoy have free raw material
and the Mckinley law protection until
Jan. /, 1895. These are unassailablo
facts.
Diagram Explanation.
In order that the course Of prices from
March 1, 1898 preceding the change of
administrator, to the present time
may be better understood, we have pre-
pared tho above map or diagram show
ing the valuo of the standard grade of
Ohio XIX OH 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 rs