Слике страница
PDF
ePub

EXHIBIT C
FORE I GN VALUE OF WOOL IMPORTED INTO THE U. S. AND IMPORT DUTIES
CENTS PER POUND

AVERAGE DUTY IN
CLEAN BASIS

PERCENT OF
FORE I GN VALUE

[blocks in formation]

1956
With the United States on an import basis, the tariff on wool tends to maintain prices of domestic wool above the world market level.

The General Agreement on Tariffs and Trade of 1948 in general reduced the duties on wool 25 percent. The duty of 34 cents per
clean pound as established under the Tariff Act of 1930 for wool finer than 44's was reduced to 2542 cents. As the general price
level has increased, the protection afforded by the tariff has been relatively less, both in relation to wool prices and in terms of
prices of things woolgrowers buy. (Exhibit C.)

0 1938 1941 1944 1947 1950 1953

[merged small][graphic][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed][subsumed]
[merged small][subsumed][ocr errors][subsumed]

Severe to extreme drought and very poor pasture feed condition prevailed for a prolonged period in a large part of the West and South

west where the sheep and wool production of our country is largely concentrated. However, since early last year, range conditions in most areas of the West have been the best in several years. (Exhibit E.)

[graphic]

EXHIBIT F

PRICES FOR WOOL AT BOSTON

AND SYDNEY, AUSTRALIA*

[graphic]
[ocr errors]
[ocr errors]
[ocr errors]
[ocr errors]

1952

1953

1954

1953

1957

1958

Prious for Australian 's wedges are lor good to avorige length poole and for s/ne's wed 50/w's are for

crocred Geoco combles (wool laede Doelen (ya, perted to Del Nen Recordated .

American Held And for martno propanulany quotations for longo de territory doveo roode are for good Irma combilag a teple poole w for Dolaine vore compiled from Rosad the boatos Voal

Agrinatura destinations

EXHIBIT G CCC HOLDINGS OF WOOL ACCUMULATED FROM 1952-54 PRICE SUPPORT LOAN PROGRAM

[merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

Source: Fiscal Division, css, through October 1955; Boston CSS Commodity Office reports beginning November 30, 1955. Over 180 million pounds of wool were accumulated by CCC from the 1952, 1953, and 1954 price-support loan programs. At the beginning

of the 1955 marketing year, the first year under the incentive program, these carryover stocks totaled 150 million pounds. The CCC holdings were progressively liquidated mostly by competitive bid sales and were completely out of the picture as a depressing influence on the market by the end of 1957. (Exhibits F and G51:

« ПретходнаНастави »