Press enter after choosing selection

American Wool In England

American Wool In England image
Parent Issue
Public Domain
OCR Text

The politie:1.! woolgrowers who still )roclaim that higher duties on wool are ïeeded to bring back higher prices will ïereafter produce but little effect upon ie common sense real woolgrower. In addition to the fact that lower prices ïavefollowed higher duties, we have at ast, under the highly protective McKinley duties, begun to export wools in onsiderable quantities, showing that tie prices of our wools are now not only as low as but a little lower than the prices of similar foreign wools. On April 8 the following report was sent out from Washington: The American consul at Bradford, England, reports to the department of state that an endless amouut of gossip has been caused there dimng the last six weeks by the offering for sale of large quantities of American wool. Several lots of Ohio wool, aggregating 50, 000 pounds, were reported aniong the purchases. One Bradford firm, which bought 5, 000 pounds, paying for the various grades from 22} to 26 cents per pound, said the wool gave perfect satisfaction, so much so, in fact, that it was holding it for higher prices. The purchaser explained to the consul hat the American skin wools were esjecially adapted for hosiery yarns and were equal to the finest English crossbreds, the only thing that has kept 'their price down being, in his opinión, the f act hat American manufacturera have not 'ully mastered the manipnlation of the skin or pulled wools which are taken from the sheep after death. As a general thing, the prices of American wools of all grades are now practically the same as those of the similar English grades. The manufacturers in Bradf ord assert that the moment the tariff bill becomes a law the prices of American wools will revive, and several of them are so strong m fchis belief that they have made large investments in wool now held in Philadelphia and Boston. They insist that the new Ímpetus given to manufactures by Eree raw material will cause larger quantities of the United States grown article to be mixed with the fine f oreign wools, and that the demand for American wools for hosiery purposes will immediately set in on the English market. It is already proposed by wool dealers in England to exchange the grades of wool more suitable for dress good and cloths for the American wool adapted for hosiery and other purposes. They argue that this will at once bng about renewed activity in the trade and raise prices. Over 250,000 pounds of American wools are now offered in the Bradford market at pri hich cannot be accepted until there aspect for disposing readily of the nianufactured product.


Ann Arbor Argus
Old News