AMERICAN TRADE.

Ashburton Guardian, Volume XLI, Issue 9390, 11 December 1920, Page 5

AMERICAN TRADE.

PLEAS FOR MORE PROTECTION

(Per Press Association .Copyright.) WASHINGTON, December 10. Woblgr.ow.ers and manufacturers appeared before .Congressional"committees and asked, for-an i embargo upon: the importation, of wool .-and; sheep/until the tariff can.,|>e,revised,, giving American flockowner^f';- •adequate protection. A representative' >: & 'the" National I Woplgro'wers' Association asserted that jwoolgro;^e'r,s r jwere; being ruined by the amEortationy'of wool and meatsyr^ncL •unless something, were done immediately the/|Western flockowners would '. universally., s>e,^bankrupt: .He .added that 996.0)0,000.. poiinds^pf :.;wpol, enough'for-two years' supply, were now stored in the; United States. .-.Argen-, tine, wool of- certain lower grades was selling in America for less than what it cost American..growers to market their product. He estimated that 95. per cent, of .the year's American clip was unsold. Woollen merchants asserted that foreign wool and meat products were being dumped on Ameri- . can markets, due to the depreciated exchanges, which made the operation profitable. They, suggested that the tariff should be revised, taking into consideration the exchange. Manufacturers of cutlery also appearing before the committees 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. (Received December 11, 8.45 a.m.) NEW YORK, December 9.

New England textile firms are employing hundreds of thousands of hands at wages reduced by 22 per cent.