Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1900-03-02
LoNK RAM.

more &5O per cent. AT theSDeg1n-
ming of last December, according to
thoroughly authentic fgures, the same
wool was quoted So cents, a gain of
ove 100 per E
This is against q price of 10 cents a.
pound which existed atthe beginning
Of 1893. which time was considered the
bonanza" period by wool men. On
the prices of Kentucky quarter blood
clean" which is the staple among what
are known as the medium" woods of
American origin, prices were a fol
lows: January, 1S93,s46 cents; August.
1896. 25scents; January, 1898, 81 cents;
Dec. 4, 1899, "A cents, a gain of go,
per cent. 1T will be noted in this case
that the wool has not vet reached the
figures which it commanded in 1898, a
fact which serves as a text for the
bulls Of the wool market.
The situation shown by these COM
81 parisons is due to a curious combine
ton of circumstances which, according
to local wool dealer who has seen 35
years O wool trading and is therefore
qualified to speak understandingly Of
the past Is practically unique. The
chief governing factor is the situation
abroad. The gain In the price Of woods
in the last London auction was about
20 per cent OF the average ever previ-
u quotations. Fine wools, such as
are produced in Australia. South Afri-
ca and South America, showed the
a heaviest gain, III account of the ex-
IRENE scarcity if the supply. The
shortage in production ID Australia
last year was estimated at 143.000,O00
pounds, due principally to droughts.
incidentally 1t is asserted by the Ma
Honal Association OF Wool Manufac-
turers that there will he8sa further
shortage this yea OF over 10O.0OO.000
pounds. In South America there was
a shortage4of about 1O7,00O,O0O pounds
last year. lsSs IA
The American clip last year was 272,-
100000 pounds, or 53. 0OO0. 900 pounds
less than It was in and the best
estimates made for this spring show a
probable increase Of only 1O.OOO,O0O
pounds. SO that there Will b very little
gain here to offset the foreign shortage.
second important condition and
the one which makes the situation q
peculiar one is the heavy demand for
goods which is beginning to- be appar-
ent and which will undoubtedly be the
leading feature Of the spring buying
a successful manufacturer OF wooden
goods recently in the city said that aft
ar ACKNOWLEDGEMENTS Of the jobbing
and manufacturing markets he was
convinced thatgt the scountrySis Spractical-
w bare Of heavyweight wooden goods.
This is the class Of goods which the
mills are about 70 begin workSupon and
which the heaviest orders are regis
tered about this time. 1t Is ex-
trennely Improbable that American
mills will be able to manufacture more
than 65 to rs per cent of the Wooolens
Whiclrwiil be called for.
A manufacturer of clothing, when
questioned about possible advances In
price, said that there might be Il saving
effected by the use of shoddies and
other substitutes for WOOL hut ne
thought this would not be feasible, be-
cause 1t was becoming harder every;
year to sell anything but all wool;
goods to the average American, lii
time shoddy clothing and shoddyspiece
goods would become important ar
ticles Of export, but the tendency from
nov on would be 10 do away with
them as articles Of merchandise for
domestic consumption.
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