The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1919-11-15
DEMOCRAT ADMINISTRATION STANDS PAT
ON MATTER Of FOREIGN WOOL AUCTIONS
SALES OF AT BOSTON
EXCERPTS OF LETTER
FROM BIG WOOL BUYER

+" EACkRPTS OF LETTER p
o FROM BIG WOOL BUYER .
@ Conc rning the proposed auc- .
o ton O British wool, Dave Staun- .
@ ton of the Union Wool Company, .
o Boston, who is well known in @
q this vicinity. has several things .
Q to say. He also included peril Q
Q nent suggestions to Humboldt Q
o county wool growers, in his let .
o ter. Essentially, his statements o
9 follow: Q
@ Wool market is slow. The sale I.
@ of 100000 bales of British wool :"
9 at Boston, this month, will not o
o help matters. when 1t is consid- .
o cred that it will be sold at per- Q
@ haps 80 cents pound, cutting 21 Q
% cents per pound from the Nevada .
D price. 80 far. he said, his firm +.
@ has lost three to five cents per 9
@ pound on all wool purchased this 9
@ year. .
" Staunton's company will me "
@ in the market here next spring, 9
O but under no circumstances will i.
o wool be bought in bales. 1t must 9
o be sacked and kept in proper 9
o condition, as loss is sustained z
Q when not so taken care of. Z
9 Nevada wool growers must {
o learn to take care of their wool
4. as Is done in other states if price Z
@ is to be held up. Quantities of {
Q dirt are found in bales. for which
@ deduction is of course made. In
@ Guiding dirt in the bales is not
Q done intentionally, but is result
9 of carelessly allowing wool to
o lie around on the ground. 4
| O g @ 9 @ q O o o o o o 9 @ @ 4
| >>~~>~~~>e~~s>~~~~>
assured, they would not be able to g,
ahead and manufacture certain kint
of cloths which are demanded by tn,
trade. In view of the very high pric,
to which all woolen cloth has gone, /
would seem to be unreasonable t,
place obstacles in the way of importa
tion of the special raw material al
ready permitted by law to come in
The attitude of this Department is il
accord with that expressed in lette
| from the President, copy of whicl
was sent you under date of August is
in which he said: I do not think tina
any real 'disservice is being done tn
members of the Wyoming Wool Grow
ers' Association by the action of tn
Government in the matter of facilitat
ing the importation of fine woods from
Australia 1t seems to me that, a
you say, in view of the pressing neces
sity of making every effort to reduc
the cost of living. we are fully justi
fed in continuing the helpful polio.
we have adopted.
1T is impossible to do export trad
without doing import trade. This ma.
sound elementary, but it is no
realized by many people. The ex
ports of the United States at the pres
ent time are exceeding imports b.
about four billion dollars a year. tn
only kind of payment which TN
United States can obtain for this ex
cess is by accepting foreign securities
There may be- some justification TO
such great excess of exports for
short period following the war, but /
cannot continue. Ultimately, import
must pay for exports. II imports ar
shut off, our export trade naturall
will have to be restricted and cur
| tailed accordingly. Our whole foreigl
trade will be, to a certain extent. a.
uncertain risk until imports have in
creased more relatively to exports
If we were to keep on exporting a
much in excess of our imports,
would be a drain upon the credit o
this country and would tend to in
crease prices generally. AS a genera
proposition. think ii is sound eco
nomics to say that an increase in i'm
\ ports will tend to generally strength
en- the credit position of this countr
and tend to lower the cost of living.
Mr.. Charles j. Webb of Philadel
phia, in his statement to the Bosto
wool trade which you quote. object
to importation of foreign wool be
cause producers in foreign countrie
have not paid taxes to this Govern