The Denison review. [volume] (Denison, Iowa) 1867-current, 1914-02-18

Hc llOSI AllilllS DlON W llliu-"CoC
and Iowa agricultural came, however,
at the close of the season, and was
administered by the national congress.
That body was convened Immediately
after it's creation in March in special
session for the purpose of revising
the tariff. The congress had been
chosen upon lower cost of living
platform, and as living costs are al
most invariably considered to be food
costs, the efforts of the congress were
devoted principally to cutting down
the price of food stuffs, insofar as
tariff legislation can do this. The
congress concluded it's work in No.
vember and the tariff act went into op-
Grafton Immediately afterward.
Insofar as the products of the farm
are concerned, the tariff tax was either
removed entirely or cut to point
very low compared to what the tax
had been. That it will materially as
sist in lowering the prices of farm
products, which are considered the
larger element in the cost of living,
has already been determined, and i'm
porters of food stuffs had scarce had
time to organize the traffic in incom-
ing food stuffs. When good crops are
grown in countries south of the equa-
tor where summer prevails now, and
when the full tide OF imports sets this
way, much larger price reductions may
be looked for.
Price reductions, due to tariff reduc-
tons, have been dramatically illustrat-
ed in the matter of corn and butter.
Owing to large importation of corn
from Argentina. the price on the Chi
cago market fell 10 cents per bushel
in the interval between a certain Sat
urday's and Mondays market. The
only corn to be had in Argentina now
is last years crop. This years crop
will be harvested soon, and then the
import will no doubt increase ire
mendously. There are other large
corn producing countries which are
expected to add to the importations.
| 20 cents lower in price than it would
have been under the old tariff.
Before the tariff was reduced, the
Buck Valley Creamery of this county
was selling it's butter product in the
New York at 37h cents per pound,
as were the ether creameries of the
county. Now it can get but 26R
cents. Peter Nyeman, the manager
of the creamery, tells me he thinks
it will be furthur reduced to at least
l23 cents. The chief countries so far
to send butter here are Argentina,
Australia, Canada, Denmark and ST.
| \ hoe e.{o NJ n
this way. 1t may be expected to come
later in floods.
The reduction of the tariff on sugar
has closed Iowa's one sugar beet fac
tory, and it is expected to close prac-
tically every factory in the country.
Cattle and beef products are coming
in large numbers and quantities from
Canada, Mexico. Argentina Australia,
and wherever cattle are produced. Low
er prices are already current and much
lower are expected.
Wheat, oats, fax, barley, all small
grains have practically free access
from all grain producing countries.
Much of the eastern demand for
draft horses is being supplied by i'm
portations from eastern Canada. All
other horse producing countries are
large competitors of our farmers, and
horse prices are much reduced.
Reduced tariff on sheep and wool
have already resulted in large impor-
tations of these, and prices are down.
They are expected to go lower.
The same reductions have happened
with respect to poultry and eggs, po-
tatoes, hay, cotton, and all sorts of
agricultural products. There have
been radical reductions all along the
line, much more radical than are to
be noted in local markets. Corn is
several cents higher in Omaha than
in Chicago, and Chicago is higher than
New York Butter is cheaper in New
York than in Harlan. Price reductions
begin at the seaboard and gradually
work inland. When they finally reach
the middle west farmers generally