Salt Lake Tribune | 1913-10-21 | Page 3 | Huerta Increases the Import Duties

IHUERTA INCREASES I THE IMPORT DUTIES MEXICO CITY, Oct. 20. -An Incrcauo of 50 per cent In all Import duties will become effective October L'8 by vlitue of a decree by President Hucrta Just published. pub-lished. Merchants and Importer are making every effort to utilize the few remaining re-maining day to their advantage. Consumed Con-sumed are concerned over the prospect of a further idvncu In the already high prices prevailing. The new increase In duties la in addition addi-tion to the Increase of 10 pur cent ordered last July, making, ns Importers estimate It, a total advance of Go per cent under the present administration. With foreign exchange ranging from 2.70 to 2.S0 peos for the dollar (gold), business men ar In despair. In tho face of the almost Impossible business conditions already existing, many regard as Inevitable the closing of their establishments.