The world's prices are also given in House Mis. Doc. No. 94, Fiftysecond Congress, second session, 1894, pages 562-577, being the Report of the Chief of the Bureau of Statistics of the Treasury Department on Wool and Manufactures. And the evidence of these low prices is found in Senate Mis. Doc. No. 35, second session Fifty-third Congress, January, 1894, pages 36, 68, 98, 246. It will require 3 pounds average unwashed American merino to make 1 scoured pound of the London value of 29 cents, or 9.66+ cents price for each unwashed pound American. But it may be called 10 cents. The full table of quotations for London are: Prices current of the leading descriptions of colonial wool, December 10, 1896. Thus, it will be seen, the figures taken preceding this table for comparison are NOT THE LOWEST. And besides this, the wools graded as "INFERIOR TO AVERAGE" are really average, equal in selling value to American average. The following is from The Wool Book for 1895: Comparison of annual average prices of Ohio fine washed fleece in Boston, and the same scoured, with prices in London of several competing fine foreign wools since 1850. Fine Ohio fleece, January, 1895, 17 cents; scoured, 38 cents. Column 9 shows the clean cost in London of a class of wool most nearly corresponding to Ohio scoured fleece in column 2. Currency prices throughout in columns 1 and 2. The prices of unwashed merino, of course, are less than the above prices of washed. PRICES OF WOOL IN LONDON. [From a statement by Helmuth, Schwartze & Co., published in the London Economists' Commercial History and Review of 1894.] The following gives the mean point and the value in pence per pound of some leading descriptions of wool on the 31st of December: |