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The Wool Industry

The Wool Industry image
Parent Issue
Day
2
Month
November
Year
1892
Copyright
Public Domain
OCR Text

If the next congress is Democratie and Mr. Cleveland president, wool will be imported f ree of duty! IL you are a farmer you will be interested in knowinr what free wool would mean to you! This is now the second great wool producing country in the woi-ld, Australia b'eing the largest. ïhere are within the states and territories 44,938,365 sheep, valued at $116,121,200, which produced last year 394,000,000 pounds of wool, or more than 80 per cent. of all the wool manufactured in the United States! This wool represents an additional value to the farmer of more than one hundred millions of dollars, and this is an annual and increasing product! Now suppose the Democratie policy of free trade were in operation, how much do you think this wool would sell for? Only about half its present market value! Why? Because the same grade and condition of wool in London sells for only about half as much as in this country. No matter what the condition of the market rnay be, whether high or low! Remember, nothing but an American tariff- the McKinley bill stnds like a sentinel guarding your pocket and saving you $48,000,000, or the difference between the American and English market! Do you doubt it? Then here are ! the figures showing for the last twelve ■ years the comparativa average annual ■ prices of the same grade of wool in ] don and in the United States: Fnce in LonPrice in United don of aver.States of ñne age AustraOuio fleece, lian fleece, öcoured. scoured. Cents per Cents per pound. pound. 1881 95)á 53 1882 90,4 53 18S3 SBH :"1 1884 80H 43 1885 T1U 41 1886 7-t 41 1887 7854 42 1888 68 42 1889 r:á ia 1890 73)4 44 1891 70% 40 1892 G3 33

Article

Subjects
Old News
Ann Arbor Courier