| Show BRITISH TIN PLATE TRADE in avale at the 1 in our duty in the swansea district the procedure in connection with the abolition of the increased duties imposed on english produce imported by america ig looked forward to with the very greatest interest because it is certain that included in the repeal will be the increased duty on tin plates which has had such a serious effect on the staple swansea industry at present nearly half of tho mills in the trade are idle and directly it is certain about when the repeal will come into force there may be general preparations for a restart of alio mills or now idle but much depends on the date fixed for the ceasing old low duty gits place it will be remembered of the imposition of the mckinley tariff was pretty well known iding it came into force and tho consequence waa that there was buying by americans in order to get the plates delivered at the lower duty the date reached or at least the last day on which the shipment was possible for delivery before that date there was an immediate cessation of buying and a stagnation set in which continues aven how this state of things might have been to a certain extent avoided if makers had so arranged the output as to prevent the american market being glutted as it was before the act came into force bather the reverse will be the case now till it is known when the repeal will have effect buyers will only buy such plates as are absolutely required for immediate consumption and the date once reached there should bo an immediate demand on a largo scale for plates the great hope is that the repeal will be as soon as possible it is believed that the repeal could become law next month and the sooner the better of all things it is hoped it will not bo put off till june as suggested for that month is the canning time and it would be a very bad thing for the tin plate trade were the reduction of tue tariff to be put off tiu then for own interest would naturally only buy as they wanted plates for any purchased in excess of their actual requirements to the date would bo at a bossio them liverpool cor south wales aws the small of capitalists who reckoned upon McKinley ism to shut out welsh tin plates from the united states and who have since discovered that they were sadly cut of their reckoning are naturally bucking against the wilson bill the material reduction in tariff virtually involves the extinction of tin plato making in america cardiff western mail assuming of course that the is not destroyed beyond recognition in its progress through the house of representatives senta tives and the senate the reduction on tin plate from 21 5 cents per pound to 1 cent per pound ia a great concession and ought to stimulate exports from south wales and so make up for the distress of 1891 2 pall mall gazette |
