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Wool Moving More Freely

Wool Moving More Freely image
Parent Issue
Day
31
Month
July
Year
1891
Copyright
Public Domain
OCR Text

Manufacturera purchased wool more freely last week than for a long time, but at bottom prices. It does not seem possible that the staple can go any lower, unless the invention to make wool out of wood or a tight money market shall have a depressing influence. Some apprehension exists that a shortage of cash to move this year's crops may cause a stringency that will necessitate forced sales which can only be made at further coucessions. Last week's wool sales in Boston included a wider range than usual, and enable us to quote actual prices. Among prominent sales mentioned are 25.000 pounds oí' Michigan X at 27 cents; 20,000 pounds o f No. 1 Michigan and Ohio combingand clothing at 24 to 2S cents; 10,090 pounds of Ohio clothing at 2o cents; and 1-5,000 pounds of Michigan and Ohio fine delaine it 83 to 34 cents. The total sales íor the week in Boston were 3,211,000 pounds, nu iccrease oí' half a inillion pounds over the previous week. Wool is actually low. There is no disputing the fact. Fine fleeces are the dullest of any on the market. ïhey are relatively cheaper than Australian wool. Manufacturers will take the stock that is cheapest, quality and condition considered; for suceessful business is guided by enlightened self-interest. No sympathy for American wool-growers exists among our manufacturers. They examine the wool and take no thought of the producer. The sorter handles the fleece and does not think of the grower. The theory advanced by that unrivaled fraud, Columbus Delano, Ohio's political flockmaster aud the head of its wool growers' association, that there is a combination amoag New England manufacturers not to use domestic wool. but to take Australian instead, ■'just to spite the wool growers who favored the increase of the tariff," is resented by dealers and manufacturers. They do not care where the wool comes from if it only answers their purpose. No one thinks that Delano believed what he said, as he is an intelligent man, but he must in vent some excuse for the failure of the tariff to benefit the farmers. It is such miserable subterfuges that led Mr. Thomas Dolan, one of Philadelphia's largest woolen manufacturers and a strong protectionist, to say, as reported by the American Wool Reporter, that "f ree wool is inevitable, and that nothing can prevent it." Manufacturers seerr to be tired of beiug abused by their tariff allies in the attempt to levy trib ute on wearers of woolens. Things do not turn out as expected, and so Del ano, Lawrence and Harpster, wool growers' committee, abuse the manu facturera, and the latter threaten to dissolve partnership and advocate free