The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-04-20
BRITISH WORKED UP
AGAINST BUBGET
Claim Sugar and Coal Industries
Will Be Ruined.
PROTESTS TO BE MADE
ALREADY DEALERS ARE BEGIN
MING TO ADVANCE PRICES.


London, April 19.-Taken as a whole,
the comments OF the country on the
proposals Of the chancellor Of the ex-.
cheq1sr in the budget statement pre-
scented yesterday cannot Ae regarded
as favorable.
In coal centers the export duty is re-
garded as confirming the idea in some
radical quarters that the government
is rsdins for SAIL. but the well in
formed consider Il possible that the
chancellor of The cxchequer viii be in
duced to exempt from the new duty all
contracts made prior to today. thus re
leving the pressure on the middlemen
who have bought or sCld coal for fu-
turs delivery. This, IL is believed, VIII
go far t. reconcile the coal trade gen
orally 20 the new imposition
Meanwhile. however. the opposition Of
the coal owners is augInenting hourly
The chambers of commerce in the coal
districts are protesting in vigorous
terms. The CaTdin exporters scent
ruin and their markets being captured
by American and German coal The
manufacturers. on the other uand, fat
ter themselves. that the effect OF the
tax viii be 70 lower prices and lessen
competition in iron and steel
Tile export coal business at Cardiff
dorks was at a standstill today. Mer-
chants refused 10 ship and take the
responsibility Of the neNT tax, while the
coiiiery owners repudiate any liability.
The Scotch exporters of coat a-e Of
the opinion that the United states are
bound to capture the West indian coal
market. The ship owners of Glasgow
anticipate that a portion of the duty
VIII come out of their pockets
The Erocers advanced sugar a half
penny per pound this morning in Lon
don British refined sugaes We're very
strong and jumped shillings TO 2
shilings aud pence a huHdredweight.
1he Scotch manufacturing cOnfec-
TONERS and preserve makers advanced
prices 4 shilhngs and pence and ?
shnlings and 8 pence per hundred
weight respectively. The Scotch sugar
refners have put on shillings to
shnlmgs and have abolished discounts.
There was practically no business to-
day on the grain or sugar exchange.
owing to the extensive buying prior TO
the budget announcements.
Hopes for the Best.
The president of the re4ners' asso-
citation expresses the opiu. Dn thats the
tax will work out tenehcially A
steamer with p cargo Of continental
sugar arrived at Creenock hast even
ing after the custom house was closed
and was refused permission to unload
The duty on her cargo amounts GO
- geo. The importers claim that the
duty on sugar had not been IMPOSED
when the steamer arrived. ana, there
Tore. VIII contest payment OF tHe OutN
There is some expectation II the new
lean coming tomorrow. The market
talk suggests that the issue price Vii
be 94I4 and already dealings have oc-
Cured at One-half to three-quarters
premium
A committee Of the Golden club met
tonight and resolved to open agitation
against the sugaF and coal taxes.
Replying to a depHtation OF member:
OF the house ~ commons representing
the coal interests today. Sir Miehae
Hicks Beach consented to an arrange
Dent enabling the coal exporters Il
execute contracts pending n decision a.
10 what amount of the duties would b.
refunded.
The chancellor of the exchequer. ST
Michael Hicks Beach. in the house o
commons today confirmed the repOr
that he was considering exemptins
from duty all coal contracts made priO
to April is.
The executive COuncil'of the MINING
Association OF Great Britain. represent
ing an the coliiery districts in tn
United Kingdom. has unanimOusl.
passed a resolution TO the effect tina
the new export duty on coal viii mos
seriously iHiurc the principal cxportiEi
districts. and that it viii reast seTi
ously to the prejudice of the entir
trade OF the country.