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

Average decline In 10 months from March
l, 1893 before the Mckinley law was as
sailed). to Oct. !, 1904. .870a
Average decline since the passage Of the
free wool bill (86 days9.... IA
[Note.-American woods are today practi-
cally on 9 parity with woods Of the same kind
and quality in the London market, which have
remained practically unchanged for over IL
months.l -
An Offer to Senator Voorhees,.
To the Editor Of The Tribune:
s1R-Inclosed is copy of letter going to.
day to Senator Voorhees,. Will you kindly pub
ish it in order to counterfeit the miscellaneous
influences of his misstatementsP
"}E JUSTICE, BArEMAN & co.
Hon. Daniel W. Voorhees,, Terre Haute, Ind:
DEAR STIR am very glad to see in The
Press Of this date that In speech at jefferson,
Ind, ON Monday you predicted that "wool
would sell within two weeks ut prices higher
than prevailed at any time under the McKin-
ley act" ST..
Every woolgrower will be glad to know that
there is some prospect for q check to the de-
cline in American wool which has taken place
since wool was put on the free list on the 9th
Ct August, for since that date the finest wool
in your state-namely, Indiana merino, un-
washed-has declined over II per cent, and the
price is still dropping, and Ohio Xxx, which Is
clined over Is per cent since wool was put on
the free list and is still going down.
II you feel confident Of your prediction that
wool will asell within two weeks at prices
higher tIlan prevailed at any time under the
Mckinley act, !" the firm Of which am 9 mem
Der can offer you an opportunity for profit
able investment in wool. They will furnish
Xxx Ohio, which is about the finest grade of
American wool, at 1875 cents for such as sold
at 9O11< cents on March /, 1861 decline Of over
50 per cent since the Mckinley law was admin
istered by General Harrison's administration
and Immediately before tariff revision was be-
gun-and which sold at 247a cents in March,
1901, immediately after the Mckinley law was
enacted. 80
An advance in the price within two weeks
from 1871 cents to 8l11 cents, the highest price
paid under the Mckinley law, would be an I'D.
SEQ 600 on each 900, 900 pounds Of wool bought
Here is an opportunity to make money, II your
prediction is correct, which seldom occurs
more than once In lifetime and IL you desire
. to mako the operation my firm win furnish 80
per cent of the money required and viii buy
the wool for you, and you can secure as many
million pounds in the markets Of Philadelphia
responsible wool dealer In these markets will
I be glad to take your business ON the same
terms.
As the Mckinley law on manufactures Of
WOOL IL still In force, as the reduced duties OF
the senate bill do not go into effect until Jan.
Il, 1895, and as the mills already have free wool,
4 Of course they are busy. The contrast between
busy American wooden mills and dull Amer
lean wool market with falling prices Is one Of
the first fruits Of the repeal Of the duty on
wool. Many wool manufacturers who under
the Mckinley law schedules previous to their
repeal were using American wool exclusively
are now using foreign wool. Others are now
using foreign woods to mix with domestic who
previous to the 9th Of August were using tho
latter exclusively so that the promised in
creased use Of American wool, under the new
tariff law, for mixing purposes has not been
fulfilled but ON the other hand, American wool
has 80 far been displaced by the use Of foreign
as to make the former almost unstable, in
volving concessions in price in order to place
H American wool on even terms with foreign
wool. It Is exceedingly gratifying to learn
that Americans are soon to have an advancing
wool market, for under the new tariff law the
only declining wool markets in the world are
in the United States, while foreign markets
are advancing, as you will see by reading the
daily cable reports Of the London wool auc.
tions. American woods have declined ut q timo
when the American mills, which are still oper-
ating under the Mckinley law, are the only
mills in tho world that are at present crowded
with orders. Very truly yours, ,.s~. i,
THEODORE JUSTICE.
Ss PHILADELPHIA, Oct. 8, 1894 ID. 'sr'." :