Evening journal., 1891-03-11
THREE MILLIONS STOLEN.
IMMENSE SUM THE TiN-1ARlFF
COSTS AND PAYS.

The workingmen Gonged TO Enrich
Welsh Factories--rhe Price OF Tin was
Increased Immediately After the Ps =,
sage Of the Mckinley Bnl.
The advocates Of the McKinlr ~ bill
have been claiming lately that apre has
been no rise In the price of tin plate
since the new tariff became iaw. This
statement has been widely circulated.
Il. 8. Wheeler n Co. of New Haven.
Conn, American represeI .tatives of Hum
phrey & Sparrow OF Liv erpool dealers in
iron and tin plate, " lite these facts in
regard to the assertion:
New Haven, C',nn., March 3, 1891. =
Messrs. Bridgeford & Co., Louisville,
Ky Dear Sir: Answering yours Of
February 2S, Enclosing newspaper edi-
torisl In which the statement is made
that there hes bsen no rise in the price
OF tin plate thus far, and that there
will be none after the duty goes into
effect, because the English manufac
turers have already proposed to their
customers In this country TO continue
contracts at the old rate, and that in
effect they will psy the additional duty
in order 10 retain the American Market,
you know how false the statement IL
that there has been no advance, when
you are obliged to nay nearly SO per
box more for BOXES roofing tin OF good
brands than you did last Nay. But in
regard TO the further statement that
there viii be no further advance after
July beyond the present rate, this does
not correctly state the position. The
agitation for the increase In the duty
commenced vigorously the latter part OF
the spring OF 1890 At that time, common
coke inns, which form the basis of tin
plate quotations, aud which are about
half OF the consumption in this country,
were selling In Great Britain at price
In English money equal to about 80 per
box This afforded the manufacturers
small profit and was apparently reason
ably satisfactory.
THE manufacturers of tin plates |
through the British newspapers are SIS |
we'll Informed in regard to American leg
islati0n as you or we are, and in some |
respects are better informed, because |
from the great mass of Congressional |
gossip and so called news from Washing |
ton there Is selected for the English |
papers as near as possible the real facts
As the prospects grew more certain that /
Of tin plate. knowing that |
there would be a large demand to in
crease stocks before the new duty went |
into effect, did just as you would do
that Is, they marked up tae price Of he i
goods in anticipation Of the demand
INDEPENDENTLY with this there was
an increased demand from Gamers and
fruit packers. so that the anxiety on the
tF AaA sst. a -. 4
was very manifest, and was met with
still higher prices. Without airy ad
vance in materials-indeed, In the face
Of slight decline IN materisls-the
of tin plates have been
able to move their prices up from 81 pei
box to about 81 Is, aud the price has OF
course been correspondingly advanced in
This country Beyond any reasonable
doubt the price on the other side will fall
back when the new tariff goes into effect
o its normal figure, and TO the figures
existing before the Mckinley bill was
.gitated that is ~ Der box, and as the
increased duty Is $1.20 per box on
price after the LIST of July with |
the increased duty will not be very
much more than the figures TO day,
AAAA1Nbh NtNapAe AAIANubtUAo arc tuAb III
will b tribe more.
"But you will thus see what an enor
nous source on profit the Mckinley bill
las been to the Welsh manufacturers
Between the ist OF last July, when the
price commenced to advance, and the
i0th Of next June, there will have been
tent to this country over 5000, 600 boxes
md owing to the Mckinley bill the con
lumers have had to pay for their tin at
east S., 600, 900 more than they other
wise would have had to pay, aud this
profit has gone into the pockets Of the
Welsh manufacturers.
we have recantiy sold quite largely
No 30 coke black iron. which forms the
basis Of large share of the tin plates
made, at four and one-quarter cents per
pound, aud this in competition with
American mills. showing that thsre is
rot the slightest prospect OF any success
ful American competition with foreign
in plate makers at present. SO that the
AK which the consumers have already
lad to pay will be continued. the only
Inference being that after June 80 they
will pay the tax to the United States
Government, whereas for the past six
n onths It has been paid TO the tin plate
nakeFs Very truly
"E. 5. WHEELER & CO..