The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-10-06
RARE CHANCE FOR VOORHEES,.
An Opportunity to Accumulate a For.
tune I'm a Short Time.

Mr.. Theodore Justice. of the wool deal
ing firm of Justice. Bateman d Co., Phil
adelphia, has submitted the following prop
osition TO Indiana's senior Senator:
Hon: Daniel w. Voorhees,, Terre Haute,
Ind: 800
Dear Sir-I am very glad to see in the
fersonyille. Ind, on Monday. you predicted
thu. wool would sell within Two weeks at
prices higher than prevailed at any time
under the Mckinley act"
Every wcol-grower will be glad TO know
that there is some prospect for a check TO
the decline in American wool which has
taken place since wool was put on the free
!:S. or the 9th Of August, for since that
date the finest wool In YOUR State, namely,
Indiana merino. unwashed. has declined
over IL per cent. and the price is still
dropping. and Ohio Xxx. which IS the stand
ard grade of American wool, has declined
over 10 per cent. since wool was put on
the free list. and is still going down.
If you feel confident OF your prediction
that wool VIII sell within two weeks at
prices higher than prevailed at any time
1 am a member can offer you an opportu-
nifty for a profitable investment in wool.
They will furnish a Xxx Ohio. which is
at 1Sls cents for such as sold at 30la cents
or March /. 1S93-a decline of over 80 per
istered by General Harrison's administra-
ton and Immediately before tariff revision
was begun. and which sold at 3f.2 cents in
March. 1891. Immediately after the McKin-
ley law was enacted. An advance in the
price within two weeks from 1872 cents to
3411. cents. the highest price under the Nc
Kinley law. would be an advance of over
IS per cent, paying a profit OF 100000 on
each 100000 pounds of wool bought. Here
Is an opportunity to make money, If your
prediction ton is correct: Thieh seldom occurs
desire 10 make the operation my firm will
furnish so per cent. of the money required
a-c VIII buy the wool for you. and you
non cac1rQ a c manu- mflliap notpHc In Tho
markets of Philadelphia and Boston as you
will probably want, as every responsible
Woo. dealer in these markets will be glad
to take your business on the same terms.
AS the Mckinley law on manufacture
OF WOOL is still i'm force, as the reduced
duties Of the Senate bill do not go into
already have free wool. of course they are
busy. The contrast between busy Amer
lean WOODEN 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
Mckinley law wool schedules, previous TO
their repeal. were using American wool ex-
clusively. are now using foreign wool. 9th
ers are now using foreign wocls TO mix
August. were using the latter exclusively,
so that the promised 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 10 make the former almost unstable.
1nNOiElnS COntcSSioH5 III price III OIQtF 10
place American wool on even terms with
foreign wool. IL 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 mar
kets in the world are in the United States,
while foreign markets are advancing as
| you will see by reading the daily cable re-
ports Of the London wool auctions. Amer
icc- woods have declined at a time when
the American mills. which are still operat-
ing under the Mckinley law. are the only
mills In the world that are at present
crowded with orders. Very truly yours.
THEODORE JUSTICE.
PHILADELPHIA. Oct. 3. 1894.