Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-04-12
NEW TARIFF
IN 6 MONTHS
BRINGS DROP
IN REEVE NUE.
Manufacturers Exports Fall 7
Per Cent and Imports Of Raw
Materials Decrease by l21@
Per Cent in Space of Half Year.

WASHINGTON. April 1.-THE first
half years record OF the new tariff
law presents n spectacle OF falling
revenues. increased deficits, reduced
industrial activity and smaller ex-
portation OF manufactures.
The actual figures for the months
show a fall Of more than s25. 000.O 900 in
customs receipts when compared with
the corresponding period OF the pre-
ceding year. Not a single month in
the entire period shows is large re-
ceipts from customs as that OF the
corresponding month Of the preceding
year. when the Payne-AIdrich law
was In operation. and in but one of
the five months for which details of
imports are available are the imports
Of manufacturers materials as large
as in the corresponding month OF the
previous year.
Manufacturers SIaoken.
The attempt to sharpen the wits Of
our manufacturers by whettng them
against the wits OF the rest of the
success thus far as the FIVE months
period shows not only a fall in the
importation of the materials which
they must use, hut also a large fall in
the exports OF their products. Nor co
the reports from the sixth month sug-
gest any material improvement In
this particular.
The customs receipts OF March, the
sixth month of the period, which are
in some degree an index Of actual
imports, are no larger than those of
March OF the preceding year and
when II is considered that much %
the receipts Of that month in the cur
rent year came from sugar imported
in earlier months and awaiting the
reduced rates which began with
March. there seems no reason to ex-
pect any material Improvement in tue
general imports OF the month.
Imports Falling or
For the I'VE months the imports OF
raw materials amount to but S253,-
100000, against S2S0,000,000 In The
same months Of the preceding year,
and those OF manufactures for further
use in manufacturing are but S122,-
100000. against S149,500,000 in the
preceding year.
AiEuHAiAit the tA IUNi ifAOIuE aAAt
equally bad so far al relates to fore
ing our manufactures into foreign
market.
The official record OF the FIVE
months ended with February, 1914
shows but S295,500000 worth Of nm
ished manufactures exported against
1915, $50 600 exported In the same
months Of the preceding year. and of
manufactures for further use in man
ufacturipg $149 0000 600, against SIZE
100000 IN the corresponding period
last year.
To one feature OF the record the
friends OF the law point with pride,
namely, an increase i'm the importl-
ton Of manufactures, which show FOR
the five months under the new law
S1sS.0O0 600, against Sls3,oOO,OoO In the
same months last year.
Iron and Steel.
In iron and steel manufactures the
exports OF the Eve months were only
Sl0l 600 600. against SIPS. 600, 600 IN The
same period VI last year. and in the
two months Of January and February
but sS3,000000 against sac 600 900 in
the same months OF last year. THIS
shows a reduction of nearly one
third.
As 20 the increased food supply
promised from the removal Of duties.
the beef imported In the five months
was only 100000 pounds, and the
reports for the six months Indicate
that the total Tor the fun half year
win amount to considerably less than
one pound per capita for the half
years meat supply of the people Of
the United States The quantity uf
potatoes imported duty free under the
new law has been only little more
than 100000 bushels and Of corn
S.3SS, 900 bushels in the full i've
months for which a record Is az hand