Time Clock, Aug. 17, 1953

DESPITE the Administration's drive for freer trade, the Department of Agriculture has decided that it must ask for a boost in tariffs on wool imports until it can find some way to pare down the 100 million-lb. domestic surplus the Government had to buy under its support program.

BUILDING costs are heading downward. Pacific Northwest lumber mills, feeling the pinch of Canadian competition, have cut prices as much as 25% in the past year. In Oregon and Washington, more than 150 lumber mills are so overstocked that they have curtailed operations or closed down...

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