The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-08-15
QUESTIONS OF THE DAY,
JUDGE REAGAN AND HIS CATCHY
COMMODITY PRICES OF 1872.
THE BIBULOUS MADE HAPPY IN
SOUTH CAROLINA.
Want TO be Tramped on by the Pro
cession--A Calamity Squelcher and
Marriage Failure.

Judge Reagan in his Fort Worth speec
gives 1.-THE average export price Of certai
articles for the years 1928 and 1897
showing the difference in prices betweel
the first years and the latter. His figure
are:
Cotton, middling, year 1872, 1913 cents
cotton, middhng, year 1892, So cents
Reduction in price, 10.S cents.
Wheat for the year 1872, S1.47; wheat
for the year 1893, 80 cents. Reduction il
price, G7 cents.
Sugar for the year 1872. 1916 cents
sugar for the year 1893. Al cents. Reduc.
ton in price, 10 cents.
Medium wool (averagej 1872, Ill cents;
medium wool average 1893, 2Sj cents.
Reduction in price, 42G cents.
Leather, per pound, for The year 1872,
23.1 cents; leather, per pound for the year
1913, 100 cents. Reduction in price,
81 ctints.
Illuminating oil, per gallon, 1872, 24.9
cents; Illuminating OIL per gallon, 1893,
40 cents. Reduction in price, 20 cents.
Refined Illuminating oil, per gallon,
1872, 29.0 cents; refined Illuminating oil,
per gallon, 1893, 40 cents. Reduction in
price % cents.
Standard sheeting per yard 1872, 1927
cents; standard shecting per yard, 1893,
$50 cents Reduction in price, III cents.
Standard drilling per yard, 1872, 1914
cents; standard drilling per yard, 1893,
$50 cents. Reduction in price, 9j4 cents.
BIeached shifting per yard, 1872, 20.66
cents; bleached shifting per yard, 1893,
10.2J cents. Reduction in price per yard,
10.41 cents.
Standard prints per yard, 1872, y cents;
standard prints per yard, 1893, G.2J
cents. Reduction in price. 575 cents.
Pig iron per ton, 1872, $4S.SS; pig iron
per ton, 1893, $14.j2. Reduction in price,
$34.36.
Best rolled bar iron per ton, 1872,
$9763; best rolled bar iron per ton, 1893,
$3S.0S. Reduction in price per ton,
$5955.
Steel rails per ton, 1872, SIP; steel
rails per ton, 1873, SSH. Reduction in
price per ton, SS3.SS.
cut nails per 100 pounds, 1893, $1.S3.
Reduction in price per 100 pounds, S3.G3.
The judge says: 'The fall of prices
have just shown is the fall of gold prices"
and he argues that the fall was brought
about by the "crime of 1873"
The Statesman, i'm looking over its
geographic market reports printed I'M
1873, finds the following, and quotations
are in greenbacks, not gold:
New York, Nov. -, 1S93.-Gold, 100
IL. Cotton, sales, 236 bales. Uplands,
10 IA. Wheat, S0MSJc.
New Orleans, Nov. 10, 1S73.-CottOn,
sales, $3.50 bales; ordinary, 13 IA; good
middlinng, 10 90. Corn, G0d7O Oats,
52M55. Lard, 8 1-2MS IA.
ST. Louis-COrn, 40M40 10; bacon,
5 1-2@6 Ia; lard, 7M7 IL.
The market reports printed in The
Statesman yesterday were as follows, in
gold for the articles mentioned above:
New York-COtton, 7 1-4M7 1-2; sales,
New Orleans. Cotton, ordinary, 6 3-4c; |
low middling, g. -Sc. Corn, As la
So lie. Oats, 29M32c.
st. Louis. Corn, 37c.
The price Of bacon and lard in st. Louis |
was not given yesterday, but New York |
quotations We're: Bacon, $5.75M5.SO;
lard, $G15MG17.
Beef cattle are higher in all the markets |
today than they were in 1928. Measur- |
ed by gold every article quoted is higher
now than i'm 1928 except cotton, and its
reduction is due alone to the enormous |
increase in acreage, improved cultivators |
anu SluH' anu consequently Sl'h'iS ~ /
creased and cheaper production, This |
is clearly shown by the figures. On the
18th of November, 1873, i'm the cotton |
season, sales in New York were only 236 !
bales, while last Friday, out Of season,
sales Were AZ, 400
AS to the reduction in the price of steel |
nails, if Judge Reagan knows anything |
he should know that is due solely to a
new invention for making steel and TO
improved machinery. The same is true
of the manufacture of iron and all kinds |
of cloth and illuminating oil. Silver has
had nothing to do with the decline in
prices.
A cotton convention held in this city |
Owl two years agA. during the sesSioll<of |
the legislature, Pat the blame of low prices
of cotton upon Wall street sharperS and |
over-production, and reduced acreage was !
Silver was not mentioned |
during the entire meeting. Judge Reagan |
was here then. Why didn't he step forth |
and tell the convention then that the
crime of 1879 was the cause of the de-
cline in prices, and not over-production
and Wall street?