The islander. [volume] (Friday Harbor, Wash.) 1891-1899, 1894-09-06
THE TARIFF ABROAD.
What Foreign Newspapers and Core
spOndents Say of 1t.

LONDON, August 31.-The Morning
Post says of the new United States tar
iff: There is fair prospect that the
tariff will benefit the American and
English people. Still it is rash to build
up hopes of an immediate revival of in
ternational commerce. The real check
to our business with the States has been
the confusion of American currency and
the unsettled condition of public affairs.
The circumstances under which the new
act was passed do not promise perma-
nent improvement"
The Daily News says: "The tariff is
at least compromise and stop gap, CIV
ing some expression to the national con-
domination of extreme protection as pro-
nounced at the last Presidential election.
Business must benefit by ending the I'M
merce in and with the United States"
THE CUBAN SUGAR INDUSTRY.
LONDON, August 81. - The Central
News agency correspondent in Madrid
says: In consequence of the new
American tariff the government customs
officials in Cuba will apply the maximum
to all imports from the United States.
The officials expect serious injury to the
Cuban sugar industry, as we'll as to the
Cuban Treasury, from the higher tariff
on American imports"
MUCH EMBRACE TO GERMANY.
LONDON, August 31.-The Standards
Berlin correspondent says: 1.-The
United States tariff has given much UNI
bragg to Germany. Baron Marshall,
Secretary of State for Foreign Affairs,
will enter into negotiation with Mr..
Runyon on points most affecting Ger
man commerce. According to opinion
here the effect of the sugar duty will be
rather to induce bounty-giving in the
countries that raise sugar than to abolish
bounties."
TALKS WITH ENGLISH WOOL BROKERS.
LONDON, August 31.-A representative
of the house of Windeler & Co., the
largest wool brokers engaged in Ameri-
can trade in London, in an interview
to-day expressed the opinion that the
American tariff bill would undoubtedly
benefit the English market, which is
now feverish an uncertain. Stocks are
held firm here, and dealers in the United
States are demanding lower prices. The
large stock of woods in the United States
and elsewhere, he believes, makes
permanent rise doubtful. There is little
business now, and the next public sale
will not take place until September IS.
The American dealers insist upon cheaper
raw material in consequence of their re-
duced profit. The wool broking firm of
Jacob & Co. concur in the views Of
Windeler & Co., adding that recent
sale of 1000 bales has been made to
American buyers. Yorkshire houses are
jubilant over the passage OF the tariff
bill into law. and are confident of in
creased business in the future.
WHAT CANADIANS THINK OF TT.
TORONTO, August 31.-The new tariff
law as passed by the United States Con-
gress causes considerable discussion here
among business men, and it is generally
believed it will have an important bear
ing on Canadian interests. The most
important feature of the measure, SO far
as Canada is concerned, is the placing OF
sawed and dressed lumber and all kin
dred materials on the free list. 1t is
thought among lum bermen that the alb
clifton of duty will mean in the course
of the next few years an export trade
upward of $40, 100000 with the United
States. Free wool will also result in
considerable expansion of trade. Bar
ley, in which Ontario enjoyed a large
trade before the Mckinley bill became
operative, will, it is thought, hardly re-
vive under duty of 80 per cent. The
same may be said of the egg and horse
trade, in which Ontario did very prof
liable business. Flax-growing, salt
making and bean-growing will probably
become profitable industries in West
Ontario. On the whole the new bill is
welcomed by business men generally as
harbinger of increased trade between
, the two countries.