Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-08-18
DUN AND BRADSTREET.
Effect on Business of the Passage OF the
Tariff Bill.

Effect on Business of the Passage of the
Tariff Bill.
NEW YORK. August 17.-R c. Dun
& Co.'S weekly review of trade to-mor-
row will say:
The new tariff bill, II signed by the
President, as expected, provides def
mite 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 the vast amount of bust
ness deferred from week to week in
the hope of more definite conditions.
While it is not wise to look for great
BOOM" there is warrant for a reason
able and prudent hopefulness. 1t is too
early to look for effects Of the new situa-
ton in the Industries. but the gradual
recovery which has appeared for some
time is seen In a better demand for pro-
ductss
Cotton manufacturers have been carry
ing extraordinary stocks OF goods for
the country, and the strike threatened
at New Bedford will not alarm them.
but the reduction of wages seems likely
to be accepted at Fall River. y smart
increase in transactions Is reported,
buyers and sellers having at least COM
mon basis for judgment.
Assumptions by iron-and steel-works,
Which were stopped by the strikers. con-
tnue to dcpress prices of some finished
products, BIZ. with more fur aces ope-
rating the prices of pig-iron are not
lower. Comparisons given to-day show
fall in prices ranging from % TO "A per
cont in iron and its products since Oc-
tober. 1890. which sufficiently accounts
To-, of a
the works The demand for structural
forms seems smaller, and does not in
crease for railroad use. though traffic
improves, but for some other products 1t
is better.
The boot-and-shoe industry leads all
others In recovery from the depression.
Unless exports increase speedily and
largely the financial situation may grow
difficult In July imports exceeded ex-
ports Sl2,537 9li. mainly because OF the
heavy sugar movement. With lower du-
ties. the arrival of merchandise to meet
the long-delayed demand will be large.
while even phenomenaly low prices do
not take out products freely at present.
In July sl2S0l ,033 gold went abroad to
balance the importation of goods, but
the outgo has ceased, not because ex-
ports materially enlarge. The striking
feature this week Is the strong Increase
In demand for commercial loans. de-
ferred operations of all sorts being en-
couraged by the action at Washington
Silver is also stronger because of the
Eastern demand, which the war in China
Is expected TO prolong.
The liabilities of firms falling in the
week ending August 9th are little
larger than Of late--s3 294, esq. of which
81 Oh, 1871 were OF manufacturing and
cnpr 40 Of tpa1 lin, I~ttfI
turns for July show an aggregate OF
81. %, 305. The failures this week have
been PC In the United States. against AS
last year, and As in Canada, against q
last year.
THE BRADSTREET REPORT.
Bradstreet's tomorrow will say:
Special telegraphic and mail advices
summarizing interviews with more than
500 leading wholesale dealers and manu-
facturers at forty-seven cities through
out 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 IL become a, law.
indicate relatively less enthusiasm at
large eastern centres, except at New York
and Baltimore; almost uniform satisfac-
ton throughout the Southern States. and
similar advices from the Central and
Northwestern States, except where seri-
Gus crop-damage has taken place. in the
far West little interest is manifested In
tariff legislation. notably at Denver and
Helena. wnere silver attracts more at
tention. Portland fears the result Of the
reduction OF the tariff on lumber. but
ri San Francisco an Improvement In de-
mand Is expected. and considerable freight
,s ofYering for shipment to China. A fea-
,ure is found In declarations from manu-
sacturers OF woollen-goods. glassware.
pottery, and iron and steel at various
centres of production. that wages will
probably be reduced. Aside from prob
able Improvement, due TO the removal OF
uncertainty In business. neither Boston
Providence. Buffalo, philadelphia, Pitts