The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-21
to the resumption of operations at the
Gem amalgamatOr.
NO REPORTED CHANGE IN WOOL.


Eastern Papers Tells of Favorable
Conditions For the Industry.
Although the London wool sale has
been on for three days and prices for
the foreign article have ruled high,
considerably higher, in fact, than those
who control the wool market of the
| United States are willing to permit in
settlements for wool produced this side
of the pond-no orders to resume the
purchase of the western article have
been received by local dealers and COM
mission men. 1t was anticipated that
| the action of wool on the London mar
ket would set the pace for the home
product and Notwithstanding the fact
that no movement has yet been made
| the growers who are still holding off
have every confidence of making a ten
strike by their refusal to sell at the
ruling prices During the coming cam
paign in this territory the question of
free wool will cut a considerable figure.
This is also the case in Colorado and
several of the other western states,
and the Rocky Mountain News thus
editorially answers the arguments of
the Republican speakers and press on
this question:
can press have sought to attack the
congressional records of Pence and
Bell is their votes on wool. Colorado
produces some 100000 or 5000 900
pounds Of wool annually and it is
claimed that the abolition of the tariff
on this staple for which Messrs. Pence
and Bell both voted is against the in
terests of the wool growers of the
state.
1t is a fact that under the protec-
ton of the Mckinley tariff wool
reached the lowest point ever known in
the country Last spring in this city
there was absolutely no quotation on
wool. because there was no demand for
it and consequently no market. Sue
cessful wooden manufacturing in this
country requires a mixture of foreign
and domestic woods. The duty on wool
was so high that it could not be pro-
Ifitably manufactured. Wooden mills
closed down, and as result there was
no market for domestic woods. The
admission Of wool free of duty has
already had a reviving effect on prices.
The wooden mills of Utah are starting
UP and buying heavily of the staple:
Territorial woods are IN active demand
in Boston. The Boston Herald says:
There is no doubt ABOUT the intrinsic i
value of Montana and some other terri
torial woods in the minds of prominent
manufacturers, and they have fastened
to avail themselves of this intrinsic
value through heavy purchases.
There have been sold within the
mast three or four weeks, from this
market alone, more than 4,qgOoS
pounds of Montana, Idaho and Wyo-
ming woods. The woods have been
bought by the larger manufacturlng
concerns. and concerns well posted as
to the value of what they purchased.
AS near as can be ascertained the
secured basis for territory woods is at
35G371bc. for fine; fine medium, 340
351bc.; medium, 30@32c. Prominent
dealers claim to have sold at these
prices, while others ask even more.
Not a few clips in this state last
spring were sold at cents a pound
AS to the effects of the new tariff law
in Ohio, here is what the Springfield
Ohio Democrat says:
''What, no! Free wool was to des-
troy the American sheep. and yet the
price of wool is already stiffening, the
wooden mills are getting ready for
largely increased business and here is
the Wool and Cotton Reporter assert
ing that our manufacturers are going
to make as cheap and good goods as
can be made anywhere else in the
world If this thing keeps on, even the
Ohio Woolgrowers' association svill be
so busy with it's own affairs that it
will have no time to continue running
the government of the United States of
America
The truth is that the new tariff bill
for which Pence and Bell voted will
stimulate the manufacture of woolenS,
and, as result. create fresh demand
for territorial woods at an advanced
price. Colorado's congressman voted
right therefore on the wool question,
and the Republican press in view of
reviving manufacturing, an increasing
demand, and an advancing market.
can hammer away at the topic as much
as they please.