U.S. TARIFF

Hokitika Guardian, 4 February 1929, Page 5

U.S. TARIFF

AN EXPECTED COLLISION

(Per Press Association —By F.lectric Telegraph—Copy right). (Received this day at 11 a.m.) NEW YORK, Fell. 4. The “World” in a leader states: “Another tariff collision is threatened when the House o*T Ways and Means Committee begins hearing the wool schedule. There is a conflict of interests between wool growers and manufactures on one hand and lietween manufacturers of fine grade worsteds and curded wools on the other. Ihe present duty is equivalent to 25 per cent on finest grades and nearly 200 per cent on cheapest, clothing wools being the highest of grades whereof United States produces the least. There i.s a reason for this. ’Western woolgrowers know if the cheaper wools arc virtually embarged there will bo a larger market for their own products, and worsted manufacturers know that tnis will also increase their business at the expense of mills handling carded wools. Manufacturers seek a removal of the discrimination against them by having Congress substitute ad valorem rates for the present specific duties. Their programme has the endorsement of a number of labour leaders. The filed between woollen and worsted industries is one ol long standing, and some lively sessions are promised when the spokesmen tor the various interests appear before the committee.”