Rensselaer Republican, Volume 20, Number 15, Rensselaer, Jasper County, 15 December 1887 — Effect of the Message. [ARTICLE]

Effect of the Message.

President Cleveiann’s message, says a London cablegram. Friday, has made politicians on this side of the water rather m >re thoughtful than usual concerning the condition ol England’s tariff laws. A feeling is evidently growing in England in favor of a moderate duty on imports, and popular .sentiment points in that direction. The message has caused excitement in the Scotch pig iron market, and prices are rising. Armstrong Bros. & Co., Glascow, the largest operators in the iron ring, have failed, owing to the rise in the price of pig iron. The iron markets there are excited, and there is a great amount of speculation. J. D. Weeks, secretary of the Steel and Iron Association, says that both iron and steel have, been further depressed by the President’s message and prices will drop farther.