The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-10-11
WOOL UNDER GREE TRADE"

If we were to notice all the self
contradictions. misrepresentation and
palpable falsehoods, Intentionally told
TO deceive its readers by our intemper-
ate and vituperative morning contem-
porary. we would have space for little
else. We refer to one matter of this
kind now. because it relates to a ques-
ton in which the people of Utah are
directly interested. 1t is the wool
question.
Day after day that paper talks about
the Democrats Smashing the wool in
dustry," about the terrible effects of
free trade in wool; about the cheap
wool product of Australia" and other
foreign parts, and its prostrating effect
upon American prices. And unless
people knew better, they would be led
to believe that woods from abroad were
brought into the American market so
cheap that the sale of domestic woods
was paralyzed.
1t has the impudence to refer to
Dun's Review, which informs its read
ers that prices in wool have advanced,
and prices of wooden goods have gone
down. That is just what Democrats
have declared would be the effect of
the Democratic tariff, the reduction of
duty upon woolens and the placing of
wool upon the free list.
Here is the latest Boston report in
the latest number of Bradstreet's:
The market is showing great activ-
ity, the strong tone in London hay
ing induced free buying on this side.
Sales in Boston the past week have
been the largest Of any previous week
in the history of the trade, the total
business footing up trifie less than
y OOO. 900 pounds. The sales include
nearly 4,0OO,0OO pounds of Australian.
over 100000 pounds of territory
grades, 1,5OO,O 900 pounds of fieeces,
largely unwashed 100000 pounds
secured, and 100000 pounds foreign
carpet. Values for foreign woods are
stronger, and free bids from abroad
are noted at full prices. About $780,,
600 pounds Montana wool were sold to
go TO Bradford, England, the bid be-
ing on 100000 pounds, but only the
former lot was sold. Domestic woods
sell easily at former asking prices, but
as yet no material advance has been
maintained The prospect indicates
better prices.
Observe! Here is Montana wool
shipped to London, the demand being
three times the amount of supply!
How about the American market be-
ing flooded with the cheap woods of
Australia" which we were told would
come here in such quantities and at
such prices that three cents a pound
would be the eastern figure?
But let US see what the prices are,
at which both home and foreign woods
are sold under the operations of the
free wool system. We will quote from
the dispatches published in both morn
ing papers, but will clip from our
morning contemporary. 1t is headed
Wool Market Booming. Boston Sales
Were the Largest on Record" and is
as follows:
Boston, Oct. S.-Business in the wool
market is booming, and the sales were
the largest on record. Prices have
been maintained, and there is little
prospect of wool going lower, the
strong features of the London sales
being responsible.
The following are the quotations of
leading description. territory woods:
Montana fine medium and fine, 11@
14c; secured price, 35@37c; Montana
No. medium, 14q16c; secured price,
S2@33c.
California wools-Northern spring,
u@14c; secured prices, 33034c; middle
county spring. 11@1Sc; secured price,
32@33c.
Australian, secured basis-Combing
superfine, 42@45c; combing, good, 40@
42c; combing, average, 39@40c; Queens
land combing, 3S@40c.
1t will be seen that prices are nearly,
In some cases quite, double those of