Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1890-10-10
RAISE PRICES EVERYWHERE
The Effect of the Mckinley Law is
Already Beginning to be
Appreciated.
Tobacco Importers Took Time by the
Forelock and Bought up the
Whole Supply.
Four and One half Dollar Shoes Were
Marked Five on Sunday
Last.

Last.
New YORK. Oct. 6.-The effect of the
Mckinley tariff bill on certain importers
was an absorbing subject of discussion in
mercantile circles yesterday.
Leaf tobacco merchants who took time
by the forelotk and lad the courage to
buy heavily have already made fortunes
Last spring Sumatra leaf was considered
well sold when it brought 81 As to 81 80
per pound. Since the 1st of August last
thousands of cases have been sold at S2. IS
per pound.
This tobacco market has been for two
months In state of feversh excitement.
Tariff on Sumatra leaf was to be increased
from seventy five cents to 50 per pound.
and on Havana wrappers from thirty-fve
cents to 3. Those who bought last spring
have already sold and made fabulous
profits.
All the Sumatra tobacco crop of 1889 is
controlled here by T. Rosenwald 4 Co..
Schroeder & Son. A Cohn & Co.. Cullman
& Rosenbaum L. Schmidt, We'll & Co,
Hamburger & Co., and S. Auerbach &
Co.. who have acquired it within the last
month. These firms bought all the small
lots IN this country and sent agents to
Holland to clean up the Sumatra leaf in
that market.
y Prize For a Cargo
big cargo of tobacco WIS shipped on
the steamship Spaarndam that left Rot
terdam September II. Fearing that the
vessel would not reach New York before
the tariff bill went into force. the con-
signees cabled to Captain Boujer that if
he brought his ship into this port before
October l they would make him present
of s., 600.
An envoy of the consignees telephoned
from Fire island when the Spaarndam was
sighted and the owners of the tobacco on
board are said to be temporarily crazed
with Joy. The Spaarndam arrived on
September %, ami was received by the
tobacco men with delight. They prompt
| ly presented her captain with the promised
S., 600.
1t is said that the eight firms that now
| practically control the leaf tobacco here
! will combine. keep the supply from the
s..r.ci. and .?ra buyers to pay extrava-
| giant prices. FMS is sustained by the fact
that little fine leaf is offered for sale.
| Stralton & Storm and two or three 9th
er firms have had fairly productive tobac-
co plantations in Florida for several years.
but as the owners are manufacturers and
consume all the leaf raised this produc-
ton has no effect upon the general mar
ket.
More than three million pounds of Sum
atra leaf have reached this port within the
last ten days. This is unparalleled in re-
ceipts
John Sheldig 4 CO.. importers of opti-
cal goods, at No 43 Maiden lane say that
spectacles are alone affected b., the hariff in
their trade. They are set down on the
list at 81 per cent. an advance of Is per
cent.
On Dry Goods.
James McCreery & Co., dry goods mer
chants, No. S0l Broad way, say their stock
will be but slightly affected. The tariff on
silk is unchanged and veIvets and pushes
containin=, over IS per cent of silk are
listed at s.. 50 and Is per cent. ad valorem
These goods are so light and fine that the
tariff on them is not materially increased.
Goods containing less than IS per cent
of silk are taxed 81 50 and - per cent ad
valOrem.
From this it will be seen that the COM
mOnest pushes and velvets are mos6 highly
taxed, as they come in direct competition
with similar goods made in this country.
The Mckinley bill has had no effect on
the prices of high class silks or veIvets at
McCIeery a Cos
H. B. Chafiin & Co. think the tariff will
be felt gradually III the dry goods trade
Mr.. Robinson said that the impression
that merchants would at once add the new
duty to each kind Of goods and at that rate
sell to consumers was prepOSteTous. The
fall trade is ended and merchants with
staple products will carry them over to the
spring. This will require capital. Mer-
chants carrying big stock of goods will
not be able to tell for several weeks the ex-
act effect Of the tariff on particular lines
If there Is scarcity of an article the de-
mand for it will make the price.
+. S. Jatfray & Co. could not define the
result of the tariff bill on their goods un-
til they had seen and read the bill care
fully, They notice no change in the mar
ket over the discussion and passage of the
| bill
The pearl button dealers, who. as re-
ported, decided TO raise the price on
stock twenty-five per cent. next week and
on new importations fifty per cent, yester-
day received kilograms from merchants in
other cities supporting the decision.
Effect on Shoes.
CHIoAGo, Oct Ga large number Of
clerks; employed in downtown shoe stores
spent the dav in their places of business
yesterday making up the price of shoes to
suit Mckinley's notion of reform. The
Mckinley outrage has not been a law long
enough to warrant big rise in shoes, but.
in anticipation of the inevitable. dealers
who were fortunate enough to have large
stock of foot wear on hand have con-
cIuded to make the value of their
goods conform very nearly to the
new prices they will be met with
when they 90 into the shoe market
| again to repenish their shelves The re-
| suit of Yesterdays work will be found In
! the shoe market today. Shoes that have
| been selling at $3.50 a pair are now held
| to be worth s. Mckinley has said ii
and the price must be paid. Those who
| have been led to believe that the proposed
/ high tariff would be a blessing must pay,
! and those who regarded such a m0nstrous
! tax as an outrage must pay also. None
/ will bc able to escape the Mckinley drag
! net. Rich ard poor. democrat and repuh
/ lican alike, must now begin to pay a 10
/ per cert. tax on shoes.
| Manufacturers everywhere are talking
/ Of good times. but nothing has yet been
! heard of an increase in the wages Of their
/ help. So far they have only been able to
! advance prices sufficiently to guarantee a
good profit to the stockholders of the fac
| tories Ii they should advance the wages
OF their help, an advance on their product
would necessarily follow, and the already
| well-taxed consumer would have to
! foot the bill To what extent the
manufacturer of shoes will ad-
vance the price OF his goods under the
/ operation Of the Mckinley bill remains TO
be seen. but there Is no doubt in the minds
( Of tie POOR consumers that he will 90 TO
/ the limit Tne advance already made IS
/ believed to be only the opening wedge
| No great additional advance Is expected
until the large stocks Of goods obtained In
anticipation of the passage Of the bill are
nearly sold out Then the manufacturer
/ will be met with problem not yet fairly
/ considered his stock will be higher
and tools and machinery Of all kinds
used in the manufacture Of boots and
/ shoes will cost more than they do at
/ present Leather. shoe nails, shoe pegs.
! wire. thread. lasts. Innings and all the ma