The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-09-22
II ]. c. ROYLE.

15(Copyfight, 1922, BY The Argns)
4 New York, Sept. 32.-Ths effects !
a. the new tariff rates which went
ITO effect early today have been
3n6lly well discounted in advance.
x1Fems price changes - . result
"a the operation Of the new law
were few today and connntd TO in
1ividual commodities such a. pea
tuts Which fell n s>ton In Georgia
5ohen the law bS6Ame operative.
RADICAL increases in prices are not
INJECTED In the major industries. &C
wording to telegraph dispatches
NON producing centers throughout
the country received within the
INST IL hours. But general imme-
4iate readjustn.ent upward may De
hooked for In which the tarih Will
1lay q part.
I'll A tremendous volume OF goods
sSae been removed from bonded
Warehouses in the last week In or
der to take advantage Of the emery
5ency tariff rates in effect up to to-
day. These goods may prove TO pc
factor of considerable immediate
importance in many commercial
lines as they will come into compe-
xition with current fall and poten-
tial spring supplies Such goods,
However, probably will be marketed
quickly. OF the estimated 500, 0O0.-
4O0 worth OF imports, all have been
withdrawn from warehouses in the
s1ast few days and formally cleared
but importers were forced to go to
the hanks for aid in financing these
removals and will be anxious to get
these goods of their hands and the
loans which have been at fairly
high rate repaid.
t WIN Re.Export Goods.
A goodly proportion of the goods,
however, will be re-exported by the
holders for redistribution in other
countries. A large percentage OF
the duties paid on such goods will
ibe returned to the holders and they
will not come into competition with
domestic products. =
n That effect will be aided by the
seeneral wage increases and higher
costs of materials in this country
she textile trades are expected es'
pecially to reflect these tendencies.
Speculation rs to whether thi:
tendency toward advancing price:
would develop into another period
of imitation was widely heard II
business circles here today but thu
better informed business men arr
ydiscounting that theory. The!
pointed out that while many indus
tries are confronted by heavier
costs Of labor and material RISING
prices do not mean initiation nov
because they have not been accom-
panied by over extension Of credit
Production Costs Grow.
4 Moreover the price moves hav
been caused more by increased pro
duction cists than by widened de
mand Of the buying public and tn
sturdy resistance Of buyers t
higher CURES may be counted on t
keep quotations we'll With
bounds.
Dealers and manufacturers de
clared today that the laws of SUP
ply and demand would continue t
be far more potent than the artif
cial regulations imposed by tn
Tariff law. They pointed to the woo
industry as sustaining this view
There are millions of pounds Of fin
foreign woods which will be re
leased from bond under the ne
\ law. This might seem to porten
h lower prices for such grades but
is pointed out that there is a shor
age of wool throughout the worl
which tended inevitably to kee
prices fairly level.
One immediate effect OF the sigl
ing Of the new law will be to stal
ilize prices and conditions. Pr,
tlucers and dealers in every lin
with uncertainty as to rates r
moved, will be far more ready
make large commitments for f
iure needs within the next thr'
months.
Reopening Of the Ford factori
In Detroit after a four days shu
down brought Joy to $4,000 HON
lin that city today out the loss of q
suspension to business men is es
mated at $4,000, 900 according to
dispatch from there today.