The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-08-07
TEE REDUCTION IN DUTIES
A Rush at the New York Customhouss-
Over Three MILLIONS IN Dates Sscssy-
ed In Two Days. ti. t.i! pia

ed In Two Days. t.'' =. i-i'' ~ .
The New York Herald, referring to the con-
tlnued heavy business at the customhouse IN
that city under the effect Of the ten Per cent.
reduction, says: i7.a s,f,;,.s - m t:.rr q; i,4,,.
All through the business hours OF Friday the
rush OF merchants, brokers, agents, clerks
and messengers continued IN Inc Waren0aaeO
department and naval office OF the gcuatom-
house, consequent upon The ten per cent, re-,
duction of duties on Imports authorized by act
of Congress approved June 6. The pressure
of clerical business was ully as great as that OF
Wednesday, the first day of the operation OF,
the new law, though the receipts for,
duties fell considerably below the " re-
ceIpts Of the preceding day.. Vne reasonss
of this apparently anomalous result are t1aI;;
the withdrawal permits granted on WednesT.
day embraced the lists OF the heaviest impor-
ers in the city, among them being A. !. steW.
ard. q. B. Clafln, Phelps, Dodge Co., and
other gigantic concerns. Friday the, smaiier
importers had almost the entire WltndraWai
business to themselves. The clerical LABOR ID
draWel of q $4,000 invoice of goods would pc
the same as for q $500, 900 invoice. On Wed
nesday there was received about Two milnon
three hundred and eighteen thousand dollars,i
the largest amount by probably one,nali ever
received here In slugle day. On Friday tne
receipts fell Off to 5000, 900, making total re-
ceipr OF two days OF So, ,2ls, 600. To use the e1-
nression of a gentleman In the warehouse de-
rartment yesterday afternoon, keep taat up,
> little while and we shall soon pay on tne ne-
tional debt"
clerical labor ar the customhonse. " = as inter-
esting to note the perfect Juror that preVallso
at the bonded warehouses. There are aoout
one hundred OF these warehouses IN New
York and Brooklyn. At nearly all OF these
establishments there were demands present.
ed for tine withdrawal of goods, while at some
the rush was something tremendous. very
large proportion OF the orders granted were
| for heavy goods in hogsheads ana cases anu
for heavy metal invoices. Or course every
importer was deslrous Of obtaining us spS so 1Ss
amonnt of physical labor performed 81 tnese
warehouses In the past two days, consequsn,G
upon the handling OF the goods, cannot % esu-
mated. A.. x,.o.o,+ ,o
duction In duties ls not likely 10 prove o.
much benefit to the masses OF tne peopie,
although that was the undouotea 9OJeos
sought by the passage of the law. he iouno
it very difficult to explain the reasons WY
snch q state OF affairs should ensue, but clseo
rhe law abolishing The duty on tea ana cones
| TO sustain bis opinion. The genera luples-
aien had been that as soon as lne outise 0n
these articles we're abated there Wouio pe
considerable reduction in their retail cost,
whereas. in point OF fact there had been
sIioht advance. he could only attribute auch
result to the operations of ponopolies IN tne
trade, VINO In spirit Of speculation held lafge
quantities of stock, so as TO create q str1ngen-
cy in the market, and thus enhance tae' Valls.
The rush, in all probability, will now terml-
nate at the customhouse, though II 10 propa-
| ble that the warehouses will be pressed TO an
unusual extent for week TO come. 3 - .aYg