The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-08-18
FINANCE AND TRADE.
The Effect Of the New Tariff Bill
on Business interests.
ITS EffEoTsTILL PRoBLEMATIoAL

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Little EnthusiAsm at tho Larger Eastern
Cities. but In the Southern. Central and
southwestern states There IL uniform
Satisfaction.
NEW YORK. Aug. ls-R. @. Dun &.
Co.'S weekly review of trade says. The
new tariff bill. II signed by the president,
as expected, provides definite basis for
business. No supplemental legislation Ia
thought possible until next year. at least.
Large Improvement has been expected
from any settlement, the more because Of
vast amount of business deferred from
week to week In the hope of more definite
conditions. The rush of such business, or
even part of 1t. might easily double
transactions for a time. 1t is not to be
overlooked that the effect of new duties
upon many branches of industry and
trade is predetermined. and may be deter
mined only after some months of expert
ence. and meanwhile the serious injury
to corn and some other conditions exercise
restraining influence.
1t Is too early to look for effects of the
new situation in the great industries, but
the gradual recovery which has appeared
Tor some time Is seen for a better demand
for products. Speculation In wool has
been stopped, and the sales, which have
been 6,929. $50 pounds for the week, and
1858, $50 for two weeks of August, against
S,59I. 400 last year and l6 1855, 800 in 1892,
naturally diminished on Wednesday and
Thursday, as it Is expected that the recent
advance may be lost, though no change
yet appears.
Resumption by iron and steel works,
which were stopped by the strikes, con-
tinues TO depress prices of some finished
products. but with more furnaces operat-
Ing prices of pig iron are not lower Com
parsons given today show fall In prices
ranging from 90 to A per cent in iron and
Its products since October 1890. which
sufficiently accounts for the idleness OF
more than third Of the works
The boot and shoe industry leads all
others In recovery from shipments, and
shipments from Boston for two weeks are
AZ per cent larger than last year. De.
mands for speedy delivery and numerous
sales from stock indicate that iobbers are
carrying short supplies.
Liabilities of firms falling In the week
ending Aug. 9 are little larger than OF
late 50, 294, $50. of which 81 ,041 ,491 were of
manufacturing and 81 Cos l0s of trading
concerns, Full returns for July show an
aggregate of 81 col ,305. The failures this
week have been 1926 in the United States
against 455 for the same week last year
and 45 in Canada. against 81 last year.
Bradstreets' says; Special tclegraphc
and mail advices summarizing interviews
with more than SEQ leading wholesale
dealers and manufacturers at forty-seven
cities throughout the country as to the
present effect. II any, of the prospective
tariff settlement and the outlook as to the
effect of the senate tariff bill, should it
become a law, indicate relatively less en-.
thusiasm at larger eastern centers, except
at New York and Baltimore, almost uni
form satisfaction throughout the south,
ern states, and similar advices from the
central and northwestern states, EXCEPT
where serious crop damage has taken
place. In the far west little interest is
manifested in tariff legislation, notably
at Denver and Helena, where silver attracts
more attention. Portland fears the re.
suit of the reduction of the tariff on lum-
Der, but at San Francisco an Improvement
in demand is expected, and considerable
freight is offering for shipment to China.
Aside from probable improvement due
to ending uncertainty in business neither
Boston. Providence Buffalo, Philadel.
phia, Pittsburg. Newark or Rochester
merchants interviewed express note
worthy enthusiasm as to the trade pros.
pect. -
Three leading Texas cities. in view Of
excellent crop prospects in that state and
prospectively the largest cotton crop on
record, regard the business outlook very
favorably. The proposed change In the
sugar schedule eXerts material depres.
sion in Louisiana, The region west OF
Pennsylvania and east of the Mississippi
river reports almost uniformly favorable
trade.