Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1894-10-13

chance of making fortune than any of
the senators on the inside of the sugar
schedule had, and no doubt Our Demo-
cratic friend could get into the specu-
lation.
Mr., Theodore Justice, OF the wool
firm of Justice, Bateman & Co., of
Philadelphia, the financial standing of
which is unquestioned, has submitted
to Mr.. Voorhees, the following highly
advantageous proposition:
Hon. Daniel W. Voorhees,, Terre
Haute, Dear Sir: l am very glad
to see in the Press of this date that in
a speech at Jacksonville. Ind, on
Monday, you predict that wool would
sell within two weeks at prices higher
than prevailed at any time under the
Mckinley act.'
Every wool grower will be glad to
know that there is some prospect for
check to the decline in American
wool which has taken place since wool
was put on the free list, on the 9th OF
August, for since that date the finest
wool in your state, namely. Indiana.
merino. unwashed, has declined over
II per cent, and the price is still drop
ping, and Ohio Xxx, which is the
standard grade Of American wool, has
declined over Is per cent since wool
was put on the free list, and is still go
ing down.
''If you feel confident of your predic-
ton that wool will sell within two
weeks at prices higher than prevailed
at any time under the Mckinley act,
the firm of which I am a member can
offer you an opportunity for profitable
Investment in wool. They will furnish
a XIX Ohio, which is about the finest
grade of American wool, at 1872 cents
for such as sold at 3O1a cents on March
l, 1888 decline of over 80 per cent
since the Mckinley law was admins
tered by General Harrison's admins
tration and Immediately before the
tariff revision was begun, and which
sold at 3411a cents in March, 1891, imme-
diately after the Mckinley law was en-
acted. An advance in the price within
two weeks from 1872 cents to 3411s cents,
the highest price under the Mckinley
law, would be an advance of over So
per cent, paying profit of 100000 on
each 100000 pounds of wool bought.
Here is an opportunity to make money,
if your prediction is correct, which sell
dom occurs more than once in a life
time, and if you desire to make the op-
Grafton my firm will furnish 80 per
per cent OF the money required, and
will buy the wool for you, and you can
secure as many million pounds in the
markets of Philadelphia and Boston as
you will probably want, as every re-
sponsible wool dealer in these markets
will be glad to take your business on
the same terms.
''As the Mckinley law on 'manufac-
lures of wool is still in force, as the
reduced duties of the senate bill do not
60 into effect until January l, 1895, and
as the mills already have free wool, of
course they are busy. The contrast
between busy American woollen mills
and a dull American wool market with
falling prices, is one of the first fruits
OF the repeal of the duty on wool. Many
manufacturers, who, under the Nc
Kinley law wool schedules, previous to
the repeal, were using American wool
exclusively, are now using foreign
wool. Others are now using foreign
woods to mix with dom este, who, pre-
vious to the 9th of August, were using
the latter exclusively, SO that the pro-
missed increased use of American wool.
under the new tariff law, for mixing
purposes, has not been fulfilled but,
on the other hand, American wool has
so far been displaced by the use of
foreign as to make the former almost
unstable. involving concessions in
price in order to place American wool
on even terms with foreign wool. 1t is