The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-08-18
AND TRADE.
The Effect of the New Tariff Bill
on Business Interests,
ITS EFFECT STILL PBOBLEMATICAL

ITS EFFECT STILL PROBLEMATIOAL !
little Enthusiasm at the Larger Eastern
Cities but in the southern, Central and
Southwestern states There Is Uniform
Satisfaction
New YORK, Aug 1s-R G. Dun q
Co.'s weekly review of trade says; The
new tariff bill, if signed by the president,
rs expected, provides definite basis for
business. No supplemental legislation is
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 it, 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 problematical and may be deter
mined only after some months of expert
ence, and meanwhile the serious injury
to corn and some other conditions exercise
a restraining influence
1t is too early to look for effects Of the
the gradual recovery which has appeared
for 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
ii, 553, $50 for two weeks of August, against
8, 3g7, 400 last year and 10, 3S5, 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
parisons given today show a fall in prices
| ranging from 20 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 jobbers are
| carrying short supplies.
| Liabilities of firms failing in the week
| ending Aug. are a little larger than of
late S., ,294, $50, of which 81 ,041, 491 were Of
manufacturing and $l,6OS, 19S Of trading
concerns. Full returns for July show an
aggregate of Sl1, ,29l, 3O5. The failures this
week have been 326 in the United States
against 455 for the same week last year
and 40 in Canada, against 27 last year.
Bradstreets' says Special telegraphiC
and mail advices summarizing interviews
| with more than 500 leading wholesale
| dealers and manufacturers at forty-seven
cities throughout the country as to the
present effect, if any, of the prospective
tariff settlement and the outlook as to the
effect of the senate tariff bill, should il
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 th,
central and northwestern states, excep
where serious crop damage has takel
place. In the far west little interest il
} manifested in tariff legislation, notabl,
at Denver and Helena, where silver attract
more attention. Portland fears the re
suit of the reduction of the tariff on lum
ber, but at San Francisco an improvement
in demand is expected, and considerable
freight is Offering for shipment to China
Aside from probable improvement du
to ending uncertainty in business neithe
Boston, Providence, Buffalo, Philadel
phia, Pittsburg, Newark or Rocheste
merchants interviewed express note
worthy enthusiasm as to the trade pros
pect.
Three leading Texas cities, in view o
J excellent crop prospects in that state ant
prospectively the largest cotton crop OIL
record, regard the business outlook yer,
, favorably. The proposed change in tn
sugar schedule exerts material depres
sion in Louisiana. The region west o
Pennsylvania and east of the Mississippi
river reports almost uniformly favorabl
trade.