PROTECTION A DEADLY ENEMY. 97 



August 9, 1888. The paper first gives its views of the 

 condition of the nail market in New York. 



" After the dulness of the past month, there is a 

 somewhat better movement in cut nails, and it is 

 observed that the proportion of steel nails called for is 

 growing. Inquiries are running toward heavier lots, but 

 prices remain unsatisfactory, concessions from $1.90 on 

 dock for car-load lots being made with some frequency." 



And then the following : 



** E. G. Scovil, of St. John, New Brunswick, has issued 

 a circular, from which we quote as under : * Your atten- 

 tion is called to the large amount of money which can be 

 made by manufacturing cut nails and bar iron under 

 the present Canadian tariff. As a paying investment 

 there is nothing to equal it in the history of the Ameri- 

 can iron trade. Cut nails are worth, wholesale, in Ca- 

 nadian market, $2.60 per keg of 100 pounds for \od., and 

 upwards, other sizes in proportion, or 55 cents a keg 

 more than in the Boston market, while scrap iron can be 

 landed here at $4.82 per ton less than in the United 

 States, this amount being the difference saved between 

 United States duty on scrap iron of $6.82 per ton and 



Canadian duty of $2.00 per ton, viz. : 



Per ton. 



55 cents a keg more than in Boston market, wholesale $11 00 



Saved on scrap iron 4 82 



Total $15 82 



the amount to credit of manufacturing here over and 

 above Boston wholesale prices, which leaves the manu- 

 facturer a good profit. The demand for bar iron is large 

 and increasing, and the profit of manufacturing is much 

 larger than in the United States. Suitable coals from 

 Nova Scotia can be laid down at proposed works for 

 5 



