New Britain herald., 1930-07-02
Believes Disparity Between Agricultural and Manu- featuring Rates Has Been Reduced - Says Border Markets Are Aid ed Greatly.

Washington, July Pl-The new tariff law was hailed by Secretary Hyde today as distinct gain" for agriculture, providing increased pro- lection, actually and potentially, for American farmers.
 In an address over a network of radio stations the secyetary said 1t would serve to hold the home mar ket for the American producer and would stimulate agriculture to bal ance it's production against the mar ket demand.
 Many of it's rates such IS those on wool, eggs long staple cotton and dairy products, he said. will be gen. erally beneficial and others will help In border markets.
 Inequality Reduced
 The new act reduces, even though 1t may not entirely eliminate, the disparity in tariff protection which has existed between agricultural and industrial products" he said. "On an equivalent ad valorem basis, the percentage of increase on agricul- tural products (schrdule D is more than twice as large as the increase upon other schedules in the bill.
 This increase was 54.43 per cent. Since the increase on all items cov- cred in the bill is only 6.l7 per cent, the increase of 5443 per cent on az ricultural products is significant. The next largest increase is 22.17 per cent over the act of 1922. This is on spirits and fruit syrups These pro- ducts are aln. -st wholly of agricul- tural origin
 Hyde cited as important agricul- has been raised cattle, meats and meat products, hides wool, long staple cotton. f1aXseod, soybeans, butter and cheese. milk and cream, casein, eggs, large variety of fresh fruits, fresh vegetables and sugar.
 Expects Wheat Relief
 "The duty on wheat was not in- creased above the rate established by the president under the flexible provision of the act of 1922,' he said. Establishing this rate of AZ cents in the 1880 act, however, makes possible such changes in rates as later investigation may show to be required.
 "Despite the surplus in produc- ton, the duty on wheat IS partially effective. It is most effective in pro- tecting the hard spring wheat grow els in seasons of short crops, but It benefits other classes of wheat oy creating a stronger market.
 "The tariff bill provides a duty of ' cents per pound upon cotton hav- Ing a staple of one and one-eighth inch or longer. Since 1t IS long staple cotton which the United states imports for special purposes, this duty will he largely effective up- on this class of cotton"
 One great source of potential ben eft to agriculture, Hyde said. was the possibilities which the tarlft opened up for better balanced pro- duction.
 For instance. we import vege- tables which require 5SS,000 acres to produce" he said. "Our imports Of soy bean oil require 160,00o acres; of corn, S4,O00 acres; of meats and meat products, 341.000 aces: of cattle, hogs and sheep SlS,- GOO acres.
 Sees Big Acreage Shift
 "The total shift in acreage from crops of which we now produce too great a surplus to crops to which increased tariff protection now Of fers a better market could run as high as 1O.00O,000 acres.
 "The act adds to the potentialities of the program of the federal farm board. It affords the farmer Of