New-York tribune., 1899-12-29
THE TREATY WITH ARGENTINA.
AN OFFICIAL STATEMENT DECLARES THAT
1T WILL. NOT INJURE AMERICAN
WOOL, INTERESTS.

Washington Dec &-The following official state
ment OF facts respecting the Argentine reciprocity
treaty IS issued for public Information and 10 cor
rect pprehensions I'm respect to the effect OF the
treaty tne wool interest
The Argentine tariff system involves not only
provides for aforo valuation, which Is TO be
hxed from time TO time by executive authority. By
this system duties often effectually increased
without any new legislation, aud al the VIII OF
executive officers. The object or me tnited states
was therefore, obtain reductions OF the tariff
our exports as far AS possible and TO REFUGE me
aforo. else TO establish valuation beyond
which they could not go as the basis for assessing
duties.
United States exporters a reduction oregon pine
lumber but 1xes tae aforo, and on oregon and
yellow pine reduces 1t over " per cent The duty
on coitonsecd oil is reduced about % per cent on
hacon and many food products IT - reduced by ~ ~
per cent. on paGafine wax Qargely IN demand
there the charges were prohbltlye and the duty
is now reduced 90 per cent and the atoro reduced
by 62ll per cclt. ON canned salmon ana other
canned goods the reduction OF duty Is 20 per cent.
and me aforo IS reduced by ysrying % percentages tags
from ~ 10 " per cent. on Nindmills uHrgey usedl
there Is II reduction Of duty of 80 per cent and OF
Hppes etcl the duty Is reduced o. per cent on
cotton ducking, white or c0ored the aforo Is re
the duty il reduced % per cent and the atoro 80 l-3
per cent.
Tnanded reciprocal conces slOns the few articles
sac sends to this market Among these was wool
that this would prove injurious to the domestic in
The TO al import Of wool into the United States for
1899 from all countries ,6S6OCO pounds or this
from the Argentine came only $4,000 pounds,
which Is very small portion of our aggregate i'm
POI. alton. 1t appears that our woollen factories
require Notwithstanding high duties certain
amount OF foreign wool TO supplement the domestic
product There IL no proposal for any reduction OF
wool duties In favor Of any other foreign country
IL is evident tha the proposed reduction for Argen
tine woods alone can have no effect on our market
prices. The majority OF the wool is OF the coarsest
class (for carpets etc.). which is not at ALL but
little. supplied by this country. II other countries
imposed the same high duties with ourselves upon
raw woods imported for manufacture this reduction
OF duty would turn the tide OF wool supply to the
United states. But other nations have adopted the
policy OF free admission OF wool Consequently the
France Germany. Belgium, Great Britain, Italy
etc-and Will continue 10 do so.
The statistics for eleven months OF lS9S-'99 show
that during that period the Argentine exported
sence OF duties In the wool manufacturing countries
3resbts are Cheaper there than to the Tynited
States by about 30 per cent Early In November
1899. the price OF unwashed wool (Class u in Lon
don was III pence or. say, q cents a pound In
New-York, same date. with duty added. II was ?5
cents. That is TO say, the price OF Glass Argen-
tine wool aioat in London was % cents. against IA
reason for the wool seeking the British market
rather than the American. 1t also indicates how
little danger there Is OF the small reduction made
by this treaty In our protective duty woods pro-
ducing either any reduction OF prices In our mar
ket any increase over present !mportations 1t
Is estimated az the lhgasury Department tn that 20
or Cordoba" wool which do not produce TO
any extent
because OF It's effect upon our amount OF mporta-
markets of Europe, but because 1t was one Of the
reciprocal reductions could be made, and one with
out which that republic would not consent to the
convention.