The Dickinson press., 1909-12-04
A BRIGHT OUTLOOK
FOR WOOL GROWERS
e Historical So-;A+,, ers Journal of

; :, Historical Society ers Journal Of
N. r.. says:
Francis Wiley. senior member Of the
firm of Francis Wiley & Co.. wool mer-
chants and top makers. Bradford Eng
land. who is making his annual business
visit to this country. expressed to
representative of Textile Manufacturers
Journal his belief that the wool trade
of the world and users of wool products
must re-adjust themselves to higher
average range of prices for this staple
than has prevailed heretofore. Mr..
Wiley is regarded in this country and
abroad as one of the closest students of
every phase of the wool situation, and
one of the most reliable authorities.
He not only handles large volume of
wool through his houses in Bradford.
and in Boston and Philadelphia in this
country, but operates large combining
mills at Bradford. England, and South
Barre. Mass.
MANY pessimists, said Mr.. Wiley,
''claim that wool prices are now too
high. do not agree with them and be-
lieve that they will be disappointed with
both the immediate and distant future
course of prices. venture to predict
that henceforth higher range of prices
of wool will prevail than in the past.
This prediction is based in a large part
upon the constantly increasing output
of gold. The increased production Of
gold has diminished its purchasing
power, and prices of all commodities.
being based upon this standard of value.
are necessarily enhanced. Then too. the
march of civilization throughout the
world is making larger market for wool
products, while in all civilized countries
we see the steadily advancing standard
of living which brings with it increased
desires and these in turn create larger
demand for wool clothing and products.
Demand for wool, too, is increasing
much faster than its production. This
is illustrated 10 a marked degree in your
country. in ENGLAND. throughout the
Continent of Europe. and even in Aus
tralia and South America.
10 be more specific. may state that
world conditions affecting the price and
consumption of wool are unusually
strong. In Great Britain and Throughout
Europe the stock of wool has seldom been
smaller. Manufacturers in Germany.
France. Russia are busy. Wool has been
available at moderate prices, and this
has encouraged liberal buying Low
quality woods have for long period been
abnormally cheap and have not yet ad-
vanced relatively as much as fine quaii-
ties. The latter have undoubtedly been
forced high enough for the present, but
there is room for a further advance in
low woods, and it is natural that the
use of the latter should be encouraged
by the relatively higher prices now rul-
ing for fine qualities. This tendency is
very noticeable abroad, and there are
positive evidences of its development
in your country.
Il can see nothing ahead that
threatens to disturb long era of pros
perity for the wool industry Of the world.
Surely nothing short of an unforeseen
calamity can disturb our prosperity in
the near future. Enaland, unfortunately,
Is at present under cloud CONNER
cially. The business and financial
world is easily frightened, and it is
difficult to restore confidence once lost.
Commercial England is suffering from
policies introduced by the present
Government, and by their marked social
istic tendency. The present BUDGET is
striking illustration of what have in
mind. 1t has stifled legitimate business
enterprises and discouraged the under
taking of new ventures. Not only has
the fear of socialistic legislation re-
stricted business. but it has actually
driven capital, to a large extent, out of
the country. The burden of this lack of
confidence falls most heavily upon the
working people they must suffer for the
lack of employment, which is the direct
consequence of their socialistic demands.
Employment would be awaiting for all
if conditions were otherwise. -