Show Timely Topics I HIGHER PRICES FOR CLOTHING I It Il Is Js disquieting to learn that tho the American Woolen company compan selling cloth for tor next springs spring's wear weal has again I I raised prices 5 ti to 12 12 cents a yard above the quotations II of ot last spring Such an announcement t In the midst of ot I present industrial conditions with the majority of ot producers pro pro- duc rs accepting frankly the fact of ot credit and price pro pro-I contraction and readjusting their business on the new basis argues only one thing It Is an attempt to capitalize the new ew Fordney tarl tariff act in advance of ot its passage In n man many quarters it is alleged to be the result o of the emergency tariff bill that is now in effect In a 0 narrow sense it Is the result of this act Tho The American Woolen company may not havo been importing wool since tho the passage o of the emergency emergency tariff but it did have have large reserve stocks of or Imported imparted as well as a. domestic wool on hand when the act went Into effect Upon these stocks the American Woolen company compan is now placing tho dut duty of ot 30 cents a pound which the act Imposes imposes-a Imposes Imposes-a. a dut duty not paid b by them into the federal treasury treasur but which they seek to le levy upon the American people Here Hero we have a graphic example of how the tho tariff on wool acts not to stabilize but to increase prices of oC clothing In a a market such as exists today In tho the United States when the whole trend o of price levels le is Js downward When tho the nation gives a political party part a mandate to Impose a high protective o tariff the party is not to be blamed when it proceeds to carry cairy out tho the mandate But when prices on one of the fundamental elements o of consumption are raised in anticipation of that tariff and andIn andin andin in the aftermath of oC a II costly dislocation in the tho same industry owing owIng- to the maintenance of an extremely high price level the tho country can well pause ause to analyze the character of ot the mandate it has given given Baltimore Baltimore Sun |