Show 01 R WOOL INTERESTS I A Valuable Paper by the Chief of I Bureau of Statistics < ingtnn Feb HIn answer I 7 to a resrluuon of Congress Worthing t > n C Ford chief of the bureau of j statistiC treasury department sent sttist s treasur that department today an elaborate re pi > it up > n Wool and Manufacturers of V 001 I says The increase in the production in foreign countriEs especially in Australia Aus-tralia South America and Africa has trla far greater than in the United States While the American clip has trebled since 1860 the Australian clip lilvreased tenfold that of South I Africa ninefold and that of South 1 Africa fivefold The repent shows that the year 1892 i gave the woolproducing interests Se favored coun 9 e en those of the most v r tries as Australia tv set back I says a That the slieep raising interests of I the world are passing through a period I per-iod of depression is not to be denied The low prices on wools have reacted upon the production by reducing the profits derived from the woalq and diminishing the temptation to extend the production Were this depresslbn local local remedies would apply but it is general and affects those countries where the advantages f 1 sheepraising excel as well as those where woolgrowing is a secondary matter mat-ter and even by the product rather than the industry I In conclusion Ford sets forth numerous num-erous propositions the result of his observations No commercial I and industrial nation can adequately eupply itself with wool no other na isel j L n of commercial and industrial imI Ji > rtance imposes a high duties on ool and woolens as the United States n legislation short of prohibition can maintain the prices in the face of the increase in the worlds supply of vol 1 free entry of foreign wools hast has-t destroyed the sheep industry in other countries wool raising is controlled con-trolled by the same economic conditions condi-tions a other interests and he present depression in the wool indu < fy is general gen-eral not local |