The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-07-02
THE PRICE OF TIN
It Has Gone Up Materially
Within Twenty-four Hours.
PRODUCT OF AMERICAN MINES
Il Cannot Be F0und-Brave Promises Of q Sup
ply Rudely Broken-Enhanced Price
Of the Welsh Article.

Especial to THE HERALD-Examiner Dispatch. ]
New YORK, July Imported tin plate
advanced l cent to 2-10 cents per pound at
midnight, incidental to the operation of the
Mckinney bill, and Notwithstanding the
vast interests affected. the furry caused
by expediting importations was insignif-
cant. There was no racing against time
as was the case last fall in the case Of dry
goods and tobacco, to get tin entered at
this port under the old tariff.
H. w. Gourlay, of the naval Office,
pointed out the peculiar manner in which
the bill affects the lobster Gamers of New
foundlsnd. There is no tariff on their fish,
but big tax on the cans in which they are
packed. This has resulted in New York
having on hand now, almost double her
usual stock OF canned lobster. The tin
merchants claim that they had as big a
stock OF tin en- hand as they expected TO
carry, and they expected such a reduction
by English dealeas as would entirely offset
the tariff
MIR. Cochran, of Lalonge, Grosjean &
Co., explained the situation in this way !:
The basis OF calculation" he said, sis per
case OF Seaman's Martins steel coke-finish
TIN. The standard Weights los pounds,
and under the old tariff sl.0s was charged
per case. Now, when the Mckinley tariff
bill became law, the tin producers of Eng
land, in anticipation of the greatly Increased
demand from American importers, jumped
prices up to the highest notch it would
stand. So we have been paying extrava-
CANT prices per case for our tin for the past
year. Previous to 1891 the price OF tin
loaded at this port duty paid, was 81 40 per
case. But believe tin will be cheaper to
import In q month or two than it has been
at any time during the past year,
In long article in the EUentng Post, one
OF the largest tin plate consumers in the
United States thus writes: lone year ago
MIR. Cronemeyer stated in the ways and
means committee room that if the party in
power would pass the bilI'he would guar
antee that before duty was exacted Ameri-
can TIN plate would be produced in quaint
ties sufficient TO supply the demand, and at
prices no higher than the English article.
The year has passed, and what is the sltua-
ton Not box of tin plate is produced in
the United States for sale to the trade.
Now what has the country gained during
this period Since the agitation com
menced tin plate has advanced from SI.O0
to sl.25 per box. We have imported not
less than 5000, 200 boxes and paid the
Welsh makers, / am very safe in saying,
not less than $7,000,0O0 more than we
should have paid had this item been undis
turbed; aud before January l, 1892, we
shall require fully 1000. 900 boxes more,
costing the American consumers another
&, 5OO, 900 in extra duties, and without an
American tin plate mill prepared TO re-
lieve the demand to any appreciate de-
gree, Tor with my knowledge Of the present
position of The industry, l feel very sure that
1S9lwill see precious wAmerican tin plates
offered for sale. All claims to the contrary,
am sure we shall not have in this coun-
try next month over two months supply
of such plates as are required for our great
canning industry. Trash there is in
abundance; IN fact, Wales has cleaned
house, and dumped her worthless stock in
here at an advance of fully 80 per cent.
over what she could have obtained for it
one year ago. Thousands of boxes OF re-
cent arrivals are rejected stock which she
would have been compelled to market else
where had we not offered this premium
for it here"