WOOL & MEAT.

Taranaki Daily News, 11 December 1920, Page 5

WOOL & MEAT.

AMERICAN GROWERS' , CONCERN. OUTSIDE COMPETITION. By Telegraph.—Press Assn.—Copyright. Received Dec. 11, 12.5 a.m. Washington, Dec. 10. The executive session of the committee of wool growers and manufacturers appeared before the Congressional committee, and asked for an embargo upon the importation of wool and sheep until the tariff can be revised, giving American flock owners adequate protection. The representative of the National Woolgrowers' Association pointed out that woolgrowers were being ruined by the importation of wool aud meats, and unless something was done immediately the Western flock owners would universally be bankrupt. He added that 996,000,d00 pounds of wool, enough for two years' supply, was now stored in the United States. Argentinian wool of certain <*«wer grades was selling here at less than American growers can market their product. It was estimated that 05 per cent, of this year's American clip was unsold. Other woollen merchants pointed out that foreign wool and meat products were being dumped on American markets, due to depreciated exchanges, which m%ke the operation profitable. They suggested the tariff should be revised, taking into consideration the exchange. Manufacturers of cutlery also appeared before the committees, and declared that Germany was virtually driving out American cutlery from American markets. The United States factories were virtually at a standstill, as German products were selling below American manufacturing cost.—Aus. -N.Z, Cable Assn.