New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-20
PRICES TO ADVANCE.
COTTON AND WOOL CROPS BOTH SHORT


RATES FOR wooLlr:N GOODS TO GO UP-MORE
MONEY ASKED FOR CARPETS NOW.
II the condition OF certain departments OF the mar
ket together with the statements OF business men
correctly Interpreted, then there will be wit
messed an appreciate advance in the prices OF
woo.len and cotton stuffs within the next few
months In conversation with Tribune reporter
prominent importer OF woolen goods yesterday said:
II shall BE- very CAD to aid The Tribune In every
way In my power but with the understanding that
the name OF my firm is not used never talk
for publication direct. There is question that
prices in woolens will be advanced. bat 1t will be
some time vet in my judgment before 1t is brought
about. At least. speaking for ourselves | should
say not before next fail. as we order away ahead
Wool has advanced In price. however, on the other
SIDE and II to short in any particular
line at this moment We would have to pay an ad-
vance, and very appreciate one to replace it, The
advance with some dealers will begin as early as
next spring. No. do think there will be
Immediate advance in the price OF clothing. as
have heard limited. The main contributing cause Is
the shorness in the crop Of wool. and another is
the adjustment OF business conditions. the old bal
ancing OF supply and demand"
1t is to be noted that in one important branch Of
the New-York wholesale trade. carpets the prices
have been appreciaby advanced In the finer
quettes-the Savonnerle and extra gobelins-this adj
vance IS marked at five cents yard; In the
Minister'S two and one-haif cents yard; in the next
grade of moque;tes. a sllghter advance Is marked
I'm the extra velvets the advance is five cents. and
In ordinary qualities the advance Is two and one
half cents yard. A wel-known merchant said
Yesterday: The causes for this necessary change
In prices not far TO seek and are just as well
understood by The Tribune as they are by our
selves and dealers generally. Take the advance in
the price of cotton. now so long continued and with
the fact OF short crop staring us in the face and
you have the main cause I think. Then another is
the shortness OF the wool crop this side OF the
ocean. due in large measure to the disappearance
OF the hocks. We must get our supply from the
other side largely from Australia. Now. England
does not sell us wool because she loves us. but
simply because the tremendous market OF this coun-
try affords magnificent outlet for her raw goods.
and when she finds that there is short crop here
that Is her opportunity to advance the price. This
has been done. For long time. too. you know wool
has been away down In price II has long been looked
upon as a fact that had reached bed rock in the
matter OF the market price. and by natural law
there was bound TO be reaction In tne nature OF
bound to come In the shape OF an upward tendency
to the market. Again, with the advance In the
vance In the price OF the manufactured article; for
In the last analysis 1t IL the consumer who must
stand the loss. The manufacturer cannot There
has been likewise a STEADY Increase in the demand
for good carpets the country over ms Is stmu-
everywhere were running on as low a stock margin
as possible. They must stock anew Also there are
changed conditions in the labor problem. 1t is true
that so soon as there Is an advance and improve
ment In the work of manufacture, the laborlng man
rightly demands his share OF that increase In i'm
this question realizing that II IL better 10 anticipate
II than TO have II brought home to US after a long
n hands on or G% might % ou wH e ncS n
tariff theory out OF the whole present situation: but
that Is not to the purpose suited DOM the cotton
greater than the supply