The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1897-06-04

LlAtl.GnnM prove of much inter.
Ess@ est to farmers and
3IllkA6dsk& tn ose connected
-e Win farm pursuits,
;::s::': =: ;s;S: :ss:'': e: !; !; ?':: 's 4
EEs.--fE>6z EEE..,. E>6zEs-s amount of such coro
Et .i @sditiss nc. ! hat sts1 are s3e- e.
m T.: :::': ':::..' ::s. S::r;: Is; j; {: {:
things shown in its
pages:
The March importations of wool in 1897
were 5S,0S5.339 pounds. against 17.7S1
54I pounds in March, 1885, and against
only 34SS,415 pounds in the last Marcb
of the Mckinley law. The mportationS
of rags. noils. etc. in March. 1897. was
5.466, ,461 pounds. against 1904 pounds in
the last March of the Mckinney law
These quantities of free wool and shoddv
now in stock here are not particulary
cheering to the growers of good American
wool, for it will be some months before
they can be absorbed by the country and
place made for the home product. The
number of cattle imported in March. 1897
under the Wilson law was 56.S6O. while
in March, 1894, under the Mckinley law
the number imported was 311. The mum.
ber of pounds of hides imported in March,
1897, in view of the prospective duty on
hides, was two and half times as much
as in March of the last year of the Nc.
hinley law, amounting to nearly three
million dollars in value The hay import.
ed in March, 1895, 1896 and 1897, under
the Wilson law was over 10000 tons
averaging about three times as much as
was imported in the last March of the
Mckinley law. The world, according 10
this othcial report, is being raked over to
find wool to be brought to this country
before the new tariff law goes into effect,
The importations of wool during March,
1897, came from Austria Hungary, Bel.
gium, Denmark, France, Germany, Italy.
Portugal, Roumania, Baltic Russia,
Spain, England, Scotland, Ireland, Nova
Scotia, the Black Sea ports, Dutch West
Indies, Argentine, Brazil Chill, Peru,
Uruguay, Venezuela China, British East
Indies, Asiatic Russia. Turkey in Asia,
British Australia, British Africa. Egypt.
This is pretty fair showing
Among other things this summary pre-
sents table of especial interest to agri-
cuturists. 1t shows the monthly average
prices of the principal articles of merchan-
disc imported and exported during the
past year. Extracts from the table are
gwen below, the exports representing
Their market value at the date of eXpOr-
tation, while the imported articles repre-
sent their values in foreign markets This
latter fact should be born in mind con-
stantly in examining the comparative fig
ures as the prices of imported articles ap-
pear low, until it is remembered that the
values given relate to the prices in foreign
markets, and do not include the amounts
added for freight, tariff handling and
dealers profits, before they reach the
consumer in this country.
Comparative Tables.
Table showing average values of com
modties of farm export in April. 1886.
and i'll March, 1897:
w,oo. April. 1896. April, 1897.
Mheat y heat tiour, per b6l. $3.50 sd si:i2 I'll
Pcked pork per ID 5s CENTS CENTS 'Ss - CENTS CENTS
Cheese, per ID. ....... 90 cents 10.e cents
Leaf tobacco. ........7.4 cents 10 cents
Table showing average prices in for
eign markets of commodities which farm
ers consume, in April. 1896, and March,
1897:
April 1896 April, 1891
Cents. Cents.
Cotton 1ts cloth, pei yd. 81 81 IS S.
Picked herrings ih. 80 %
Mackerel, per lb. ....7.o s.
Beet sugar ........ "a IL
Dress goocs, per yd So.7 rs
1t will be seen from the above that the
selling price of practically everything
which the farmer has had to put upon the
market has increased during the year and
that the buying price of things which he
consumes has decreased.
The State Department is in receipt of a
communication from the United States
consul at Odessa. Russia, to the effect
that large quantities of Russian wool of
inferior quality are being shipped to this
country and the manufacturers of the
country are cautioned accordingly.
The proposed duty on the quantity of
rawhide which would be used in the man
ufacture of pair Of shoes is estimated at
about cents. Only about one-ifth, how
ever, of the hides used in this country are
imported, SO that the increased cost of a
pair of shoes by reason of the duty would
not be more than one or two
cents. The average man probably uses
about three pairs of shoes per year. Does
anybody particularly object to paying
from three to SIX cents toward the sup
port of the Government in its present
extremity, especially in view of the great
advantage accruing to the farmer?
One Reason Gold Is Exported.
1t is but reasonable, with the impor,a-
tions of foreign goods increasing so enor-
mously in anticipation Of the repeal of
the Wilson low tariff rates and the en-
actment of protective tariff. that gold
exports have increased The foreign
goods brought into the country must be
paid FOR in gold, and if such importations
increase from ten to twenty millions
month, it goes without saying that gold
exports must increase somewhat. Seyn
eral other reasons, notably the desire for
accumulations of gold in Europe by rea-
son of war possibilities, show that there
is nothing alarming in the exports of that
metal, and no cause for the note of alarm
being sounded by the silver advocates.
The quantity of gold money in 1873 was
81, ,2o9. 800 600, while in 1896 it was $3,-
69S. 100000, being in 1896 80 per cent
greater than the gold and silver money
combined in 1873.
Secretary Wilson'S 1,+,c- ,,,o,o