Word: tariff
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...coal and pulpwood, which make up much of the railroad business, the increases average about 3%-somewhat less than the carriers requested. Even that much may not be allowed ultimately. Terming last week's decision a temporary one, the ICC ordered the roads to draw up a master tariff list, which the commission will examine and make final changes on in October...
...John." Last week, as the railroads convened in Chicago to begin working out their master tariff list, even some of the authorized increases seemed likely to be dropped. The Chicago & North Western announced that it will not add on the penny-per-hundred-lbs. increase in grain rates allowed by the ICC; the decision left competing Midwest railroads little choice but to main tain their old rate. Similarly, the Southern Railway said that old rates will remain on the grain hauled in its 100-ton "Big John" hopper cars...
...year), hence does not bother; but many manufacturers spend as much as $50,000 for an endorsement from a big-name performer or a music center. The struggle for the mass market has stiffened with the entry of low-priced Japanese models. Even now, before the Kennedy Round tariff reductions, which will lower duties from 17% to 8%, Japanese grand pianos sell for one-fourth the price of domestic models. Their U.S. sales climbed from 6,219 in 1964 to 9,263 last year...
...Roth said in Washington, while Deputy W. Michael Blumenthal handled the signing, that under the new deal the industrial nations of the Kennedy Round would come out pretty much "in balance." The Common Market, long under fire for its unconscionably discriminatory duties, will gradually revert to the low tariff level of Germany in pre-Common Market days. Still, the Six would not tinker at all with high rates on electronic computers, automated machine tools, helicopters and other items vulnerable to technologically superior outside competition. The U.S. reduced duties on 6,000 imports. The maximum 50% tariff cuts should please foreign...
When the annual step-by-step reductions begin next Jan. 1, U.S. consumers stand to pay lower prices for many imports-if inflation and middlemen do not soak up the tariff savings. The wholesale price of a $300 Japanese motorcycle will decline to $297 in 1968, finally level out at $286 in 1972. Other reductions will be substantial. Tariffs will fall from 1210 to 60 a gallon for beer, from $1.02 to 510 a gallon for Irish and Scotch whisky. Duties will come down 50% or more on such items as silk scarves (to 16%), diamonds over 1 carat...