The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-16
Waiting for the New Tariff.

~ Atthn8 Tor the New Tariff.
SAN FRANCISCO, Aug. 16 1S94-The
importers here are anxiously awaiting
the expiration of the ten days when the
tariff bill will become a law. For six
months they have been piling up dutiable
goods in the eight bonded warehouses and
ilVe bonded yards. The goods in bond in
these places are valued at from $2 500, ,O00
and include spirits, opium, rice, dry goods
TN and imported wines. Several vessels
are also on the way here with goods
which were ordered in the belief that
the tariff bill would be passed. Several
large importers have big consignments
of summer goods in bond, and they have
placed in the dilemma of seeing summer
pass with no chance of securing reduced
duties. Uncle Sam will lose a tidy sum
of duties on these goods, as they will all
be withdrawn under the reduced schedule
except spirits, which will be taken out
the day before the bill becomes a law. !.
Let the Profits Help.
CLEVELAND, Aug 16, 1894.-The Iron
Trade Review says today:-A tariff bill
has been passed and the contingency that
1t VIII fail of becoming a law is exceed
ingly small. The iron industry has been
close to free trade basis for many
months, and the putting into effect of
the actual schedule, with it's reduction of
from 80 to so per cent. from the Mckinley
Dill VIII not deEreSs> values sensibly.
What it will do With the volume of bust
ness will be discovered in due time.
ton of revival, based on the settling of
the tariff uncertainty, there will be a
general disposition to assist in fulfilling
the prediction. To know the basis on
which they are to operate is certainly a
dictinct point of gain to manufacturers.
The past week has brought few depart
ureS from the conditions that have ruled
of late. The scarcity of water in the Con-
nellsville coke region has already re-
stricted output, and apart from this the
developments among the workers have
furnaces are in blast in the Mahoning
and Shenango Valleys, but 1t is yet q
question with some of them whether they
can have a steady supply of coke On
August there We're forty-seven more
furnaces in blast than on June l. and the
production was at the rate of nearly
$4,000 tons week more than on the first
of June. This indicates a pronounced
recovery in the second half of the year
from the feeble production shown in the
statistics for the first six months.
The firmaess as to prices, noted week
ago, has been emphasized by an advance
of fifty cents in the quotations of one
paying the advance. 1t is a question as
to the absorption of the increased output
of iron noted above, unless a stronger
demand developes soon. The market for
Bessener does not show the weakness
predicted, even with all but three Allie
gheny county furnaces active. There is
more inquiry for billets from the East,
and $19.25 Philadelphia is done on prompt
shipment. The activity of mills East
and West is an encouraging feature OF
the situation. Eastern mills find that
Western competitors are with them again
On bars some figures have been made
quite as low as any. in the early part of
the year. Plates and shapes, though low
er than two months ago, are still So a ton
above the lowest point touched in early
spring.