The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-06
NEW TARIFF IN HALF
YEAR SHOWS DEFICITS
Manufacturers' Exports Fall z
Per Cent. and Imports of
Materials II 1-2.
NO SIGN OF IMPROVEMENT
More Made Goods Arrive Under
Attempt to "Sharpen
Americans Wits"

WASHINGTON. April 5.--The first half
years record Of the new tariff law pre-
sents a spectacle Of falling revenues. in
creased deficits. reduced Industrial activity
ana smaller expectation OF manufactures
The new law ended Its first six months
record at the close OF business April 3,
and reports of yesterdays Treasury re-
ceipts tell the story Of the full period so
far AZ relates to revenue. while other offi-
cial reports just issued cover in detail
the commercial operations Of Ave months
ana furnish basis for an estimate as to
the sixth month Of the period.
The actual figures for the ak months
show fall Of more than s25. 600, 900 In
customs receipts when compared with the
corresponding period OF the preceding
year. Not single month In the entire
period shows as large receipts from GUS
toms as that OF the corresponding month
OF the preceding year. when the Payne
Aldrich law was in operation. and in but
one OF the Ave months for which details
of imports are available are the imports
of manufacturers materials as large as
In the corresponding month of the previ-
Gus year.
The attempt to sharpen the wits Of our
manufacturers BY whetting them against
the wits of the rest Of the world does not
seem to have been a success thus far, as
the five months period shows not only a
fall in the importation OF the materials
which they must use. but also large fall
in the exports OF their products. Nor do
the reports from the sixth month suggest
any material improvement In this particu-
lar
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 it 10 considered
In the current year came from sugar i'm
ported in earlier months and awaiting the
reduced rates which began with March,
there seems no reason to expect any ma
terial Improvement In the general I'M
ports of the month.
Falling on In Imports.
For the five months the imports Of raw
materials amount 10 but s253. 200. 900.
against $3.50 100000 In the same months
OF the preceding year, and those OF manu-
features for further use In manufacturing
are but Sl22,50O, 900. against sl49.5OO. 600
in the preceding year.
,,,, 49, o. "'e ot'''''
manufactures into ror.,gn m.rus,s ",n
competition with the wits of the world"
The official record OF the five months
ended with February le,. shows hr,
soa5 5oo mn Worth n, a,,sh.d ,,.n,,.o
lures exported. AGAINST sa,5-6o ooo .,.
ported in the same months ~ the nrecad.
ing year and NJ manufactures for fur,h.,
use in manufacturing $40 600 600 apa,rs,
sIso oOn Oo0 in the correspond,nv na.,od
last year.
To one feature OF the record tho fr,e,ds
of the law point with pride namely nm
increase In the innor,a,,op n, usnu,.c-
,rr.s u,h,ch show for tia a.. ,o,,h
under thu new law s,ss ooo ooo ,so,ry,
s,xa soo mn &, N. san. r,or,hs Il. ,,l,.
New York ,mnorts renortad from, u..,,,
mn ov.r March -, lac, ys,r ao.rt,. 80.
Wv Wv, W. .na, ~, ".,n " ..a, u.'p,'e 'ne
$50. ','e - W 1s"' at inc re-
ILL.,. 49, S,,,
10 a,,an,,' -. "'
,, -, ~. -, '' ~
~ 49, - ~ "'''''u'"
Production slowing Down.
r,o. ,hs ,,,a,,,,,, 90 a,, A..
'''' WIS
vi our "iahu'ao'urers ny opening the
doors FOR the admission OF manufactures
from abroad free of duty or at reduced
rates has resulted in n Slowing down ~,
,uoaro,I,r -, ,or,. /. .,,,d.noa, ~. ,.I
~ Wv '' '''''
the import ana export nsures Inc manu-
featuring material imported has decreased
lolb per cent measured by the total
ya,n.s uhiia nearly .yerv ar,,,,a In ,,e
~. .,.n, 49,. so
hst SHOWS "ee'eaee' qua"''''es imported
The evidence OF a slowing down In
produced Is equally ap-
parent. the value OF manufactures en-
ror,.d having d.cl;n.d about no. a.,
- Nt
IN the hVe months compared with the
same months or last year. and showing
little evidence of Improvement In the
sixth month. for which martial trures ar.
-..aa
TO-, T., .,o e,,n ,,on,, -, .,o u,
:" '"' .'N' "" " VIC p'''ou'
py "hich time the WIS Oh the average
OF the United States should
have been ut least partially 'sharpened."
the imports of raw material for manutac-