Emergency Tariff; Hearings Before the Committee on Finance, United States Senate, Sixty-Sixth Congress, Third Session on H.R. 15275. January 6, 7, 8, (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: South American merino wools similar to fine clothing territory wools can be landed here on a basis of 50 cents clean scoured. Good average Australian merino combing wools can be landed here on a basis of 55 cents for good average combing pieces to 65 cents for good average combing fleeces. These wools compete with the better staple wools from the Rocky Mountain States and are cheaper to convert into cloth. Table showing the prices that domestic wool must sell for on the ranches to compete with South American and Australian wools now offered to arrive. [The prices used here are based on average lots, choice lots would sell for a little more, and poor lots for a little less.] FLEECES?OHIO, INDIANA, MICHIGAN, NEW YORK, ETC. Scoured cost landed for competing grades.Prices at which the domestic wool must sell.Difference between market price and price to grower.Net price on ranch to grower.Grade. Cents. 80Cents. 32Cents. (jCents. 26Fine clothing6524g18Half blood6224g1HThree-eighths4323617 3319g13 2515g9Braid2012ggTERRITORY?WYOMING, MONTANA, UTAH, IDAHO, OREGON, NEVADA. Cents. 65Cents. 22Cents. 6Cents. 16Fine staple6019613Half-blood staple5220g14Half-blood clothing .4818g12Three-eighths4319613 3316g10Low quarter25136 Braid20, 116Senator Nugent. Mr. Hagenbarth, the rate of duty on raw wool under the so-called Payne-Aldrich bill, if I remember correctly, was about 11 cents a pound, wasn't it? Mr. Hagenbarth. Yes, sir. Senator Nugent. Well, I presume you are as well aware of the fact as I am, Mr. Hagenbarth, that during certain of the years in which the Payne-Aldrich bill was in effect very many woolgrowers were obliged to sell their wool for 11 cents a pound ? Senator Simmons. For how much, Senator ? Senator Nugent. For 11 cents a pound; many woolgrowers we...