AMERICAN WOOL MARKET.
[To The Editor.]
Sir, — Referring to the leading article in yesterday'is Age, many .people in, Britain and the colonies hold the (belief that if ■wool were admitted to. the United States, free of duty, there -would be a large increase of trade for the wool-producing world. As a matter of fact, freetrade in wool would close down half the factories or imore,in the States, the demand for wool would fall off, and an immediate and permanent slump in prices would result. It is the high protective duty placed on wool that gives manufacturers a chance to make profits, and as a result imimenjse sums are invested In manufactures, the local supplies are used up, and the Americans are on the market for their extra requirements. It is notalble that the high tariff of the United States, anomalous as it may appear, has the effect of keeping up the prices of raw : materials outside as well as inside that try.— I- am, etc.,, -,■ TANK.
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Wairarapa Age, Volume XXXII, Issue 10292, 21 July 1911, Page 5
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166AMERICAN WOOL MARKET. Wairarapa Age, Volume XXXII, Issue 10292, 21 July 1911, Page 5
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