New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-11
THE BRITISH TRADE OUTLOOK.
COMMENTS OF THE LONDON PRESS ON THE
BOARD OF TRADE RETURNS AND THE
EFFECT OF THE NEW TARIFF LAW


London. Auc 10" The Tines commenting OIL the
returns Issued BY the Board Of Trade says: The re-
turns arc unsatisfactory. The decline In exports Is due
chiefly TO the lower value OF manufactured articles.
metals and imported materials for sundry INDUS
tries and manufactures. In raw materials for texuie
manufactures there has bcen increase Of GIOOOoo
and In foOdstufYs Increase Of nearly E3OOOOO Inc
increase OF latter is due To the advance in corn ana
not 10 an increased amount. The decline In exports
is distributed over the whole list. The Mckinley law
has been the great cause Of the disturbance The pros
meet Of tho law last year sweied exports to the United
states while those markets were still cpen EhgiisD
merchants and manufacturers availed themselves OF
thc outlet, and were met with equal eageness on the
part OF America TO buy at lower rates
"The Mckinley law. now IN force, has hal the ehect
expcct d and intended our exports to the Omted
stcs has decreased under several headings, and al
tbouqh they have advanced under this ad
vance is not sufficient balance the general tr1c
less TIL fgurcs for July therefor, lower ah thcy
otherwise would have been, and they compare u'-
G,vorably with the time when the exports "erc
,brormalIy large The effects Of hostile trade, also'
arr greatest and most visible at hrst; III W'
onrso of time thiugs generally recover. ,-Oh trVe
channels are closed. but trade goes more by CIR
cujt0us route under conditions lss advahtageoua !"
the purchaser than to the exporter Inc 'iohi"'cS
lazy has been severe blow to some branches Oh udue'
but the chief sufferer will be the country which has Dec
So unWiSe Is oSlDnSn H. lIc bV'Iu VI ''"NN
returns are therefore les unsatisfactory than tcy ap
near They do not show that our trade resources
ar. imraircd or that the energy which has carried
~ to the front of the trading countries OF the Worl
will not maintain Us in the place which 1t has cnaOeu
Us to VIM - ,
The ST. James's Gazette" takes gloomy VIC" Oh
tho condition of British trade. and today there ap-
nears in its columns an article commenting III le'''-
mstic manner upon the outlook for the mahuiac'ur-
ing and other industries of Great Britain IL says
. Jrd,dnr from the returns issued by the Board OF
T,r,dc it looks as though have already rca'hel
,o end Of GOOD times. The great decline III the eA-
norts from Great Britain Is undoubtedly due TO tle
opcration OF the Mckinley law in the United states
We have been told that that act would evcn'ualN
provc real misfortune to the United STATES but It's
immediate object was to hit foreign manufacturers
csnccally those of Great Britain, and it Is plainly
evident that this object ha, been attained. ,
81 Johns y. F., Aug. 1O-Charlr, Edward iioWdr'
vincent c. Be- an advocate of Imperial fcdcrdllUl'
who represents the Central District OF Shclhcd III uc
parIianicnt of Great Britain, addressed large meet
i,I i'm mi, city today Preferential Trade i'c-
,wccm Great Britain and the Colonies Tic mecting
| ras prnsldcd over by Governor O'Bren. lnoURIl
W. Vincent was well received, his project dii nor
rnccive the Endorsement Of the meeting W oi tl2
| Chamber Of Commerce.