New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-10
PUZZLED By THE TARIFF.
SUGAR EXPERTS SAY THAT THE BILL
FAvORS TIE FOREIGN PRODUCT.
WALL STREET THINKS THERE WILL BE a DIS
AGREEMENT OVER THE EIII~ToBACco
GROWERS AND MANUFACTURERS
WILL BE cRIPPLED-THE
HOP INDUSTRY AZ

y,-u c.rc. was A, loss yesterday the proper
-econtIon il should give the Tariff bill az altered
h,- tho subcommittee Of ;he senate FINANCE 'o'-
,oit,ee There was eradication that protection nen
been increased in some directions, but the popular
ser,,,,cn, was that the Democratic Senator'S had
bean moro solicltous Of the welfare % the trusts
than Of the broad general manufacturing interests OF
tho country After reflection the spectators in the
stock market appeared 10 come to the CONCLUSION
that the Senate Bill would either result III as
agreement between the TWO houses % Congress that
wound XIII all tariff legislation at this session. or
v,u,d lead to a measure finally that would only
modify the existing Jaw to a comparatively nnim-
portant extent Under this theory there was
disrstion to buy stocks. and prices closed generally
higher than on Thursday night, although not up
TO the best figures Of the day
Thor were signs # exhaust n IN the recent
,-oy.S,ot nae, ( ne specula ion in American Sugar
Refining stock Tne sales were large-nearly 5000
sbares-bu, fer below the tremendous record Of
Thursday Prices opened from 81 to s6'2 against
So, the day previ and after TOUCHING G4 steadily
rose to 90t breaking near the c'ose I" %'s Inc cut
givings u the managers and friends of me sugar
Trust were not Entering to the prospects OF the COM
b,,aon AZ aft. cted by the proposed sugar schedule
rne hill one officer Of the Sugar { mp my was
ouo,e1 as saving t. a friend. was worse than free
sugar I, {. mrell,d the mplny t. ply 81 " per il"
nunds T. r al, the dirt and vast" imp RED In sugar.
which would IN than 'hs"t any advantage CIV"
elsewhere Willett & Gray, au'hori'ies IN the 'riue
who are generally supp seI To- n CT the Vi'wS Il
the Sugar Trust said In their urnal that the erect
~ the tariff schedule ID on sug rS between
IN and % degrees p)larisco pic test would b. to dis-
cr,,ri,,,, largely against low-grade ra" sugars
which cone principally IF IN tie East iAdleS anu
West India Islands. and are tAe sugars ''V''
essential to the rencrs for the production OF Tue
cheapcr grades Of refined sugar. This discr'h''n"-
,fon youli give the London market the preference
4. e,,,.b M,
The schedule Is declared 10 be It's relation 10 ~,
trnnnrtation of beet sugars The circular say l..
g. me-, generally known that beet sugars are bought
ON th, basis analysis instead OF ioii , -.
an allowance being made on the polarzatiV,n 10
'vnr I'M. ash I'm IN" sugars. which destroys iargS
percentage Of the crystalizahle va h,' "ra
hourht on the basis IS degrees anaN - tn@,r
value being thus figured at - Per et mars "r would
pd ir mt OF 81 or o degrecs while ,hcr n,rnf,c
N@ h,t,c 5rrtbrr Wett n Gray say that the pro-
posed bin contains no protection whatever 10 'io
american r.tincr but with the existing DoinN II.
Germany IL Is really discr'iii''''o" - W
foreign ,rtd Yesterday that the managers Of
the American sugar Refining 'ompany "t =, a.,
cided hold meeting on M'hl1S Ill, bee1 de-
ciarch ere ihls sv 70 IT, TAKEN but there we're sIg
:, The extent OF passing or reducing the HNIIrni
=, me common stock II the magnateS OF The lritt
On w ~. ,,utd thereby affect congress by
touching its sympithies or inc poc"''S ~ "' ''''
enc Of he features Of the senate schedules were
-,,,1aI on; bv Henry Clcws In this way; ~
..rbc wilson Tariff bill "a X stands nov" r"inc'S
%. 1uty on cigars and tob1cc" - per COIL ~
r,ses n. Internal nue. On cigars rom ~ - -
n.r fhousand This Kind of tariff reform VIII co..
:, in,v drive al the manufacturers In TINS coul,y
,',, - business W. hin radius of twenty mrs
-. -. Sow York city Hail thcr" are eInp.oN"d
49, ,h. manu-, cturc II cigars and tobacco 90"
r-opir anil $D"op" - capital. ~ WIZ , ~ ,n m
,,r,nr.- dis,sir,uely affect III" d"1'"rS IN leil -
n,rro hpfh Importers AMI producers 100" pope
are engaged IN that lndnsiry' ana g',cH ;,nwge
cnpital The disaster growing out OF su'h un"i5'
l.gsltion VIII faii win Er'tt S-V'tl1 u4pn,syI
v,nla ohio Wisconsin. Florida. Kentucky and Nir-
stni, Al. being extensively engaged IN IN" pro
t,,c,t,n and manufacture OF tobacco. The mop bus-
me-. I'm this country. which u a larger inIustfy
.v.n than tobacco VIII be- crippled IN similar way
in the event ~ tn" Wilson bill as II now S'an'is
becoming a law Comment unnecessary. Simply
ask + this wise egi~litiOn? .
TN. bankers who had arranged 20 snip gof, 70
Europ. today received cable directions yeSterdiy
r,nralinp the orders II l. said mat ~" shipments
ar. POSTPONED bec1us. IN" rs" IN SfrInE "Nchahse
,r j,rls permits transactions between ms CITY
and London which remove the necessity OF calling
I'D from here