UNITED STATES TARIFF.

New Zealand Herald, Volume LIX, Issue 18158, 2 August 1922, Page 7

UNITED STATES TARIFF.

WOOL SCHEDULE THROUGH.

ALL THE RATES PASSED. Anetrali&ii a.nd N-Z. Cable Association. (Reod. 8.5 p.m.) WASHINGTON. July 31.

The battle over the wool schedule of the Tariff Bill ended, when the last ol tho wool rates recommended by the Senate Finance Committee were passed as follows Wool blankets, from 20 to 40 cents per lb., and 25 to 35 per cent, ad valorem; certain materials containing wool, such as laces, belts, etc., 49 cents per lb., and 50 per cent, ad valorem; knitted woollen goods, 39 to 49 cents per lb., and 35 to 50 per ccnt. ad valorem. EFFECT ON EXPORT TRADE. NO SIGN OF REVIVAL. Australian and N.Z. Cable Association. (Ttecd. 8.5 p.m.) NEW YORK. July 31. Sir Mark Sheldon, late Australian Trade Commissioner in the United States, discussing the industrial situation in the United States in an interview with the Australian and New Zealand Press Association, said that conditions had slightly improved, but solely in the domestic demand. The export trade generally shows no signs of a general revival. Financiers recognise that the high tariff places the United States at a grave disadvantage in regard to world trade. United States farmers and dairy interests are determined- to increase tho present i-ates in their favour, as, owing to the high cost of living and low returns for their produce, it is impossible to make ends meet.