Literary cadet and Rhode-Island statesman. [volume] (Providence, R.I.) 1827-1829, 1828-02-27

answer. 10 sole proprietor OF manutac.
tory il would be; but to q joint proprietor j,
would depend upon the prepondersnce Of inter
est, in the one branch of business, or in the
other.
| Question. What proportion in cash does raw
wool bear TO the present price Of the fabric, es-
timating that cost at IS cent per ID!
! Answer. My opinion is about one baIf
Question. What is the present difference be-
tween the price Of wool in Europe and the
United States, Of the same quality!
| Answer. l am not an importer, and therefore
derive my information from those who are, and
have often understood from them that the
prices are from 60 to 10 per cent. higher in this
country than in Europe, Of wool costing over 0
cents per Id. in Europe. This would not apply
to the wool under 10 cents.
! Question. What is the price in the American
market, Of the common domestic wool, in the
heece?
Answer. The common domestic native wool
in the fleece il worth in our markets, or deliver
ed a. our fseiories, rom 20 to rs rents per ID.
We do not purchase eaat kind Of woOi
| Question. From your knowledge Of the differ
| ent qualities Of wool used by the American
| manufacturers, will foreign wool, costing abroad
| cents, and under, come in competition with
domestic wool?
Answer. I should think not. [The witness
| presented 10 the Committee several samples of
wool, with the following explanation:
Barbsry wool-present proc in Boston, 6
cents per ID.
!. Smyrna, do. do. IL
4. do, do. do. Ola
Russia, do. do. Is IL
Adrianople, do. do. IA
The Russian sample. and No. l parcel ofthe
Smyrna, he thinks have been washed-the
others not.
Question. or wha, kind of wool are the fab
RIGS made, commonly called negro cloths, and
| where is it produced'
Answer. They are usually made Of the Smyr-
| ma, Buenos Ayres, and Adrianoplo wool l think,
| though have never made any Of .hese cloths.
Question. Did the deputation, Of which you
| were member, advocate an increase OF duty on
imported wool, or did they discourage such IN
| crease?
Answer. I believe ,ha, majority of the de
| puiaiion, and do not know but that all of
| them, were in favor Of an increased duty: pro
vded, such an increase Of duty could be impos-
ed upon the manufactures Of wool, as to afford
market for the wool And also, provided, the
duty on wool should not take place immediate
y THIS was my wish, and think it was tha,
Of Mr.. Bates and, upon these conditions, we
did advocate an increased duty on imported
wool.
Question. Have you not understood that, at
the time Great Britain repealed her duty on
the imported wool, she also repealed her duty
on the expectation Of wool and are not our
| manufacturers now able 10 obtain wool from
Great Britain cheaper than they could whilst her
import and export duties stood as they did prior
to repeal in 1924, independent Of the change in
our duty3
| Answer. I am aware that England, when
| ohe 1ad harl Aft ;,,nn Tod yonI als
| repealed, in whole or in part, the duty on wool,
| exported. I think the repeal Of the British du.
| ~ on exported wool, cannot affect the price Of
wool imported here, because we can obtain it
from other European countries, and because the
United States have increased their duties on inn
ported wool. Other things being equal, we
| could have imported wool cheaper from En-
gland, after the export duty was repealed.
believe that not pound Of wool, Of British
growth, is ever brought into the United States.
| never saw any.
Question. Why is German and Spanish wool
imported from England, in preference TO i'm
porting It from the countries where produced?
Answer. 1t is likely that the repeal of their
duty caused larger shipments TO England than
were necessary for their consumption, and it
was, Of consequence, exported to this country.
MONDAY, JANUARY 81, 1928.
James Shepherd admitted and so0rn.
Question. What has been the average OF
| pounds Of wool manufactured, annually, in the
| factory referred to, for the last three years
Answer. cannot state as to any time pre-
vous to lst January, 1926. Fom the lst Janu-
| ary, 1926, to lst July, 1927, the quantity ma
nufactured was lO2,l5 pounds Of wool OF all
| descriptions.
Question. What proportion Of this wool has
| been imported and what proportion of domes-
tic growth and is it usually purchased IN The
| fleece
Answer Our purchases, for the period OF
time mentioned in tho last answer, were as
| follow
| OF American Wool, 13.500 at 65 cents.