NEW MARKETS.

Dominion, Volume 6, Issue 1720, 10 April 1913, Page 7

NEW MARKETS.

OPEN DOOR IN AMERICA

TARIFF^POSSIBILITIES. By Telegraph—Press Association—Copyright London, April 8. Tho "Daily Chronicle" (Liberal) states that tho proposed United States tariff is a hold step towards Free-trade. An outstanding feature, is the opening of an enormous import market, the goods to bo admitted including Australian and New Zealand wool and meat, Canadian timber, Irish potatoes, and English manufactures. The "Pall Mall Gazette" (Unionist) says ft largo portion of the privileges offered to Canada under reciprocity, on the condition of Canada becoming an adjunct of tho United States, is now to bo given for nothing. The paper ridicules the suggestion that the tariff is even an approximation to 'Free-trade. The "Morning Post" (Unionist) remarks that Canada'.will obtain trading facilities without imperilling her-economic independence. A moderate graduated income tax will prevent tho Democrats from being hampered by financial difficulties. Cloth manufacturers in Yorkshire anticipate a boom in trade with tho United States. ENCOURAGEMENT TO AMERICAN SHIPPING. Washington, April 8. The' president (Dr. Wcodrow Wilson), read his Message to Congress, favouring reductions in tho tariff. Tho Message was brief, and did not enter into details, but was confined to general reasons why the Democrats were reducing the cost of living. The Tariff Bill conceded a reduction of 5 per cent, on all goods imported in American-owned and American-built vessels. A 10 per cent, dtoty on wheat and flour will be enforced against countries levying a duty on flour. A moving-picture machine took views of tho opening of Congress, which will bo piseserved as a record in tho Government archives. There ' was a- distinguished crowd present. BRITISH COMMERCIAL VIEW. London, April 9. The "Daily Telegraph" declares though' the general view is that the American Tariff Bill is good, for British exporters, there is a feeling in some quarters that the reduction in the cost of living, will result in the lessening of tho cost of production, and an increase of United States competition in foreign markets.