These items just enumerated would not be worthy of mention were they of small importance. It is true, though, that with one or two exceptions, the amounts annually imported are from one hundred to five hundred thousand pounds or more.
As plentiful as are Red Clover Flowers, this item last fall brought very close to 20c per pound when being purchased in two to ten-ton lots for the Winter's consumption.
For five years past values for all Crude Drugs have advanced in many instances beyond a proportionate advance in the cost of labor, and they bid fair to maintain such a position permanently. It is safe to estimate the average enhancement of values to be at least 100% over this period; those not reaching such an increased price fully made up for by others which have many times doubled in value.
It is beyond the bounds of possibility to pursue in detail all of the facts which might prove interesting regarding this business, but it is important that, to an extent at least, the matter of fluctuations in values be explained before this subject can be ever in a measure complete.
All items embraced in the list of readily marketable items are at times very high in price and other times very low; this is brought about principally by the supply. It is usually the case that an article gradually declines in price, when it has once started, until the price ceases to make its production profitable.
It is then neglected by those formerly gathering it, leaving the natural demand nothing to draw upon except stocks which have accumulated in the hands of dealers. It is more often the case that such stocks are consumed before any one has become aware of the fact that none has been collected for some time, and that nowhere can any be found ready for the market.
Dealers then begin to make inquiry, they urge its collection by those who formerly did it, insisting still upon paying only the old price. The situation becomes acute; the small lots held are not released until a fabulous price may be realized, thus establishing a very much higher market. Very soon the advanced prices reach the collector, offers are rapidly made him at higher and higher prices, until finally every one in the district is attracted by the high and profitable figures being offered. It is right here that every careful person concerned needs to be doubly careful else, in the inevitable drop in prices caused by the over-production which as a matter of course follows, he will lose money. It will probably take two to five years then for this operation to repeat itself with these items, which have after this declined even to lower figures than before.
In the meantime attention is directed to others undergoing the same experience. A thorough understanding of these circumstances and proper heed given to them, will save much for the collector and make him win in the majority of cases.
Books and other information can be had by writing to the manufacturers and dealers whose advertisements may be found in this and other papers.