davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-16

Platinum Shortage Causes
Je,Uelry Manufacturers
to COMPLAIN

Shortage of platinum, manufacturers
say, is holding back the production Of
some Of the higher grade lines of Jew
elry. They say it is possible to secure
this precious metal only in quantities
far from sufficient to meet their needs.
1t was said that some concerns had
made canvass of the refineries in
New York and New Jersey and then
mad to be content with the recent of
from DO to 80 ounces at time. Ac-
ceordlng to the manufacturing jewel
lers, this situation could be relieved if
the government would release part of
the large quantities of platinum it
bought during the war. In some quar-
ters 1t IS said that the government
controls about $4,000 ounces of this
metal.
Platinum ,jewelry is said to be gain
ing in popularity daily, with a particu-
larly heavy demand coming from South
America. In addition to rings, plati-
mum is used extensively in the manu-
facture of flexible bracelets and wrist
watches.
New-York tribune., 1919-05-16
Raw Silk Trade Active

All grades of raw silk were in active
demand yesterday, most of the bust
ness being for delivery during the rest
of the current month and throughout
June. AS stocks are light, the mills
found it difficult to have their orders
accepted. Prices for the Japanese silks
remained unchanged, but Chinese silks
advanced, partly because Of buying in
China for European and American &C
count and partly as the result of the
rise in exchange rates for silver metal.
Tsatlees, coarse Chinese raw silk,
which is largely employed in making
sewing threads, was quoted at $3.50 a
pound in the New York market, this
representing rise of 81 pound
within three weeks. Tussahs, brown
colored silks that are obtained from
wild silkworms, sold at $4.10 pound,
against $3.50 week ago. Advices from
Lyons, the leading French silk manu-
featuring centre, indicated that the
mills there were doing an increasing
volume of business.
New-York tribune., 1919-05-16
Business Money

of call money at per cent and the
unwillingness to purchase acceptances.
1t is reported from some sources that
there may be an early advance in the
Federal Reserve discount rate Such
an advance would probably not meet
objection by acceptance dealers. 1t is
asserted by some of them that thco-
retically the rediscount rate ought to
be higher than the open market rate
so that the practice would be resorted
to only in emergency. 1t has been
low, it is said, to facilitate the tinanc-
ing of the government, but with this
need greatly diminished the necessity
of low rediscount rate is diminished.
Some banks are believed to have been
leaning too heavily on the government
institution, buying commercial paper
at per cent, rediscounting it at Az
pocketing the profit and going out into
the open market to buy more. A
change, it is believed by some, might
be advantageous not only to conserva-
tive banking, but to the acceptance
market, as the differential here is so
small that it probably would not be
altered
Fifteen to sixty day prime trade ac-
ceptances were quoted at 5 and 5l4 per
cent; sixty to ninety days, and 512
per cent; indorsed trade acceptances,
42 per cent, all maturities.
New-York tribune., 1919-05-16
Colors
Imports of Dyes From,
Sutherland Are Re-
ported LARGE

Despite the great strides that have
oesn made in this country in the manu-
'seiufe Of dyes, large Quantities are
sun beng imported, especially from
~*i'zerland, where manufacturers are
- overwhelmed with orders, it is said.
sass they are six 10 eight months be-
a'ha on deliveries. Shipments from
0s'szerlasd include patent blue A,
WOO green s. auramine 0 and rhoda-
Whether or not these expectation.
dra d,om Switzerland consist in part of
ey eyss made in Germany ia said to be
zen s TO question. There is nothing to
Sssssent shipments from Germany to
g;siszeriand, where the goods would
,sas sheir identity az soon az they
sssd xszsaed INTO the hands Of Swiss manu-
,.aa ne Swiss have not yet been able to
s.ynoee ~ patent blue B. Patent blue A
~ WOOL green are said to be scarce
r:,s ,sis' Domestic business is improving,
- "a !. strong demand for acid blacks
Ssa ciYect biacks
New-York tribune., 1919-05-16

he said, "are not being patronized by
the shopping public. If merchant
wants to do business now he must keep
large stocks on hand and show his Gus
toners that he is prepared to meet
every demand they can make upon
him"
Mr.. O'Connel was asked if the mer-
chants had changed their buying poll
cies. "Yes," he replied, 81 think the
retail merchants of the country as a
whole are operating less conservative
ly than they were few months ago.
In fact, our store is purchasing more
not only laying in stocks for imme-
diate use, but are anticipating our fut-
ure needs. In some lines, in which we
foresee q shortage of merchandise later
on, we are placing orders now for de-
livery early next year.
Confidence in Prices
I'VE believe that prices generally
cannot decline. In fact, we think that
prices will advance beyond their pres
ent levels before they decline. To
our way Of thinking, the present mar
kcts in almost every line Of merchan-
disc handled by retailers arc safe ones
in which to operate long way ahead
We ourselves have the utmost conf
dence in the present markets, and from
my conversations with other retailers
| know that the majority of them
throughout the country feel the same
way about it. The merchant who is
holding off buying because he thinks
that prices will decline is making q
great mistake, in my opinion, and in
retailers of the country whom
know"
New-York tribune., 1919-05-16
Retail Trade Phenomenal.
Boston Merchant Asserts
Goods Move Better as Pri ces Advance and Peak of
Business Boom Has Not Been Reached, Head
of Slattery & Co. Says

RETAILERS throughout the coun-
try, according to P. A. O'Connel,
president of the E. T. Slattery Com
pany, one of the most prominent retail
concerns in Boston, have every conf
dence in the ability of the general
public to absorb merchandise at pres
ent and even higher prices for some
time to come,
I'm Boston, as we'll as in every other
city of the country" he said yesterday.
the retail business this spring is phe-
nomenal. nor, In our store soaring prices
and luxury taxes have had no delete
rious effect on sales. On the contrary.
the higher prices go the greater seems
the demand for goods. Cheap mer-
celhandlse, en- apparently, is not wanted.
Inc public is demanding and buying
the best quality it can get.
Used to High Prices
While we are passing through a
prosperous period, I don't think we
have yet reached the peak. The public
has, become educated to high prices
and we feel that it will continue to
pay them. Even in cases where mer-
chandise has doubled and trebled in
value, our customers pay without max
ing any objection, and in our store
we have not yet received single COM
plant against the luxury tax because
1T adds to the cost of the merchandise
1T is the Inconvenience of the tax that
customers protest against"
Mr.. O'Connel explained that his
store, and, as far as he knew, every
other store in the country, is we'll
stocked with merchandise. 1.-THE stores
that have poor assortments on hand,''
New-York tribune., 1919-05-16
Leather
importers Not Accepting
Orders for Gloves at
Specified Prices

Retailers will get from $3.50 to S4
dozen more for their foreign made
kid gloves next fall, according to i'm
porters, who base this prediction on
the contention that the market is now
almost almost bare of this class Of stock
Gloves that formerly cost the importer
$3.50 a dozen are now said to be listed
at from $24 to S27 a dozen and hard
TO obtain at that price. While only
comparatively small advances have
been made to date in the Wholesale
price Of, kid gloves, importers have an
nouHced that they cannot accept fur
ther orders at guaranteed prices or
specified delivery dates. In booking or
ders for fall goods last January and Feb
ruary they were compelled to make a
bilities before establishing prices. In
some cases it was necessary to accept
orders at open prices.
Anticipating shortage, retailers who
usually receive fall gloves in Septem-
ber and October are now requesting
the Importers to make immediate de-
livcries. Last fall and this spring deal
ors who had hesitated about placing
orders because Of the expectation of
lower prices were unable to secure
enough merchandise to cover their re-
t'A'i ShiNiltS With litS ulu come lTJO
the market. Profiting by that expert
encc, it is said they are making efforts
this season to have deliveries made
lar in advance of the customary period
1t was pointed out yesterday that
shipments Of gloves from abroad CON
tlnue, but that they are far too small
to fill the needs of the trade here
During tic eight months ended last
February Kid gloves valued at $1,000
600 were imported into the United
States, while during the corresponding
period ended February. 1914. the i'm
ports were valued at 1900 900 The
gloves imported during the latter
period would be worth S15,O0o,OO0 at
present day prices, it was said
Retailers report that their business
SO far this year has been much larger
than at any other time. One dealer
declared that sales last April were
80 per cent greater than in April, 1918,
and that despite the inclement weather
May sales to date were far in advance
of those in May last year
New-York tribune., 1919-05-16
Du Points Now in
Clothing Trade
Nemours Corporation to Sell
'Ready-to-Wear" Goods
the World Over

The Nemours Trading Corporation,
formerly the Allied Industries Corpora
tion, yesterday announced the estab-
lishment of foreign and domestic de-
partment devoted to apparel and acces
sories for men, women and children.
The corporation will act as an agent
for domestic and foreign manufact-
urers and will sell the merchandise in
all parts Of the world. An exhibit of
at the corporations Office, 151 Fifth
Avenue. The apparel department is un-
der the general direction of A. Seide-
man, and will be divided into thirty
two subdepartments, each under the
management of an experienced expert
Every article of apparel worn by men,
women and children, and such acces-
sories as handkerchiefs, gloves, etc,
will be handled in the department.
The 7 he = organization is capitalized at
S12,000,000 and was first formed under
the name of the Allied Industries Cor
poration by Alfred I. du Pont and
others to conduct reciprocal trade be-
tween this and other countries. 1t has
leased the Grand Central Palace and
will take possession of the building as
soon as the government has vacated
the structure, now used as hospital.
Other departments will be opened as
rapidly as possible. Some Of those i'm
mediately projected are said to be
shoes, hardware, machine and rubber
goods.
At present the company has branch
Offices in Paris, London, Manila, Buenos
Ayres, Rio de Janeiro. Santos, Sac
Paulo, Demerara, Surnam, Jamaica,
Trinidad, the Barbados, st. Lucia,
Grenada and St. Vincent. New branch
houses are being added as rapidly as
possible. 1t is planned to have repre-
ment in each branch office.
New-York tribune., 1919-05-16

Business continues to borrow little
money, and is still working along on
It's own capital. This scarcity of paper
continues to keep the market easy, and
o per cent is now quoted generally as
the market rate. There is no paper
below that figure. Five and one-quar-
ter per cent is paid only for names not
SO we'll known, and 51a per cent paper is
rapidly disappearing. Many New York
banks refuse to take paper at less
than 5A per cent, but the paper brok-
ers seem able to find q wide enough
demand for notes out of town, espe-
cially from Western cities. The West
ern banks are expected to play a larger
part in the commercial paper market
Tor the next year or two than they
have in the past. The greatest wheat
crop IN the country's history and the
price of s226 a bushel are
expected to increase the prosperity of
that part of the country more rapidly
than the Eastern section.
Business in the bank acceptance
market is very quiet. Local sales
were especially poor yesterday, though
dealers found the demand from
out -of-town almost sufficient to Offset
this. There is a good deal of mystery
as to why the banks are so short Of
funds, as indicated by the continuance
New-York tribune., 1919-05-16

To Study European
Textile Conditions
Commission Representing the
American Cotton Industry
Sailed Yesterday

Eleven representatives Of the Ameri-
can cotton industry sailed from New
York yesterday on the Baltic to inves-
tigate textile conditions in Europe and
to stimulate interest in the World Cot
ton Conference to be held in New Or
leans next October.
The full delegation will be in Europe
more than two months, and some men,
bers of it will be there at least three
months. The entire commission will
visit Liverpool, Manchester. London.
Rotterdam, Brussels, Ghent, Lille,
Havre and Paris. In order to cover all
the leading textile countries of Europe
which are accessible, the commission
will break up into several sections
after visiting the centres named, and
these smaller parties will visit Italy.
Switzerland, Portugal, Spain and Scan
dinavia.
Members of the commission are
Fuller E. Galloway, president of the
Manchester Mills of La Grange, Ca,
chairman; Walter Parker, secretary of
the Association of Commerce of New
Orleans, vice-chairman; w. Irving Bull
lard, of the Merchants National Bank
of Boston, secretary; Alpheus Crosby
Beane, Beane Brothers, New Orleans;
James I. Broadbent, agent Of the Merl-
tas Mills, New York; Randall N. Dur
fee, treasurer of the Border City Man
ufacturing Company, Fall River;
George L. Gilmore, of K. M. Gilmore
& Co., Somerville, Mass; James Inglis,
of the American Blower Company,
Detroit; A. w. Mcclellan, of the Alden
Mills, New Orleans; Russell B. Lowe,
president of the Parkhill Manufacture
ing Company, Fitchburg, Mass, and
John E. Rousmaniere, president Of the
j. Spencer Turner Company, New
York.
While the commission is in London
it will confer with the representatives
of the English spinners who are soon
to visit Japan to obtain frst-hand data
on the expansion and reported pros
perity of the Japanese cotton spinning
industry.
The Investigations which the COM
mission will make and the discussions
into which it will enter with the Euro
pean textile manufacturers, it is said,
will be preliminary to the deliberations
of the World Cotton Conference in
October. 1t is expected that, as a re-
suit of the visit of this commission to
Europe, large delegations from practl-
cally all of the important textile man
ufacturing countries of the world will
be present at the New Orleans meeting
next fall.
New-York tribune., 1919-05-16
Chemicals
Orders for Caustic Soda
Continue to Come
From .}Gpan

Orders were placed by Japan yester-
day for $50 tons of caustic soda, and
orders for 800 tons more are expected.
Japan usually buys this chemical in
England on account Of the lower price
and freight rate, and the recent buvinc
IN America cannot be accounted Off eX7
c,ept on the supposition that English
dealers are not able or permitted to
supply the demand There are INQUIRIES
IN the market from Finland for 500
tons OF caustic soda and 500 tons Of
soda ash.
Brazil is inquiring for so to 100 tons
OF alum. the same quantities Of salt
cake and sulphatc of soda and 10 tons
OF llthophone. There is good cx-
port demand for siicate of soda.
Phenol shows q tendency to advance.
Stocks In dealers hands are going into
consumption quite rapidly and the gov
ernment is not disposing of any of its
large accumulations as yet. Benzol is
rising IN price, due to it's increasing
use as fuel IN place of gasolenc. Touol
also IS higher. Sulphate of ammon q
is being exported to Europe.
New-York tribune., 1919-05-16
Mills Booked Far Ahead
On Bathrobes and Paiamas

Manufacturers of mems bathrobes,
night shirts and pajamas reported yes
terday that retail dealers and jobbers
had sent in large orders. The capa-
city of the mills is booked up to the
first of October, and a number of the
sellers say they are rejecting offers
of additional orders. Prices have been
advanced 20 per cent within the last
five months.
Business in mems underwear is ac-
tive, and buyers are said to be in
urgent need Of lightweight goods for
immediate delivery, but manufacture
ers' supplies are small. Orders for
heavyweight goods for fall are being
placed in large volume As the mills
only recently resumed full time opera
tlons, manufacturers predict that
goods will be scarce.
New-York tribune., 1919-05-16
pJrsINESS NEWS BUREAU
Tribune Building
l54 Nassau Street
Luxury Tax Not
Necessary Now,
Retailers Aver
Merchants From All Parts
Of United States Adopt
Resolution Asking Con-
gress to Repeal Measure

Comics of a resolution passed here
.axaov nv almost hundred retail
's..t ..orts from various sections of the
~,.rv protesting against the contlnu-
.. of the luxury tax, were forwarded
~. r;cbt to the President of the
,sn;,ed States Secretary of the Treas
wv and to every member of the Sem
sts and the House of Representatives
The meeting at which the resolution
rassed was called by Franklin
S;mor Of Franklin Simon & Co.,
as president of the National Garment
p.,a;lers' Association. A report OF the
ac,ion of the meeting will be sent to
. ooo retailers throughout the country
.na their cooperation will be requested
:. ~. associations campaign to bring
dhomt ~ the repeal of Section 904 of the
'o,,snpe hill at the coming special ses-
sion of Congress.
In setting forth the reason why the
noarchants of the country desire the
raneal of the luxury tax, the resolution
states: -, - e44,or
;,,rodrced for the purpose OF curtall-
49, +he production and sale of so-cailed
i,,Snries during the time when our
country was at war, was at once re-
,royed with the signing of the arms
t;ca The supervision and collection OF
.h;s tax is unduly expensive and dlffl-
cult nj administration to the govern
rart and to the merchant. The burden
~ collection is out of proportion to the
areouut of tax to be paid. TINS form
nj tayation is not now necessary ana
tends to impede unemployment during
tho nost.war period when all energy is
hang directed toward stimulating
trade and commerce. The members Of
the House OF Representatives have in
d;cated their disapproval of this form
Of taxation through the repeal IN the
House. and the Senate through the IN
PRODUCTION of the repeal"
To strengthen the asociation's posi-
ton in fighting the luxury tax, each
member present pledged himself to
bring at least one new member into the
organization.
Franklin Simon and P. A. O'Connel,
nresident of the E. T. Slattery Com
panv, Boston, were the principal
speakers at the meeting and urged upon
the merchants the necessity CT cooper
ative and immediate action in order to
obtain the repeal of the taxes at the
earliest possible moment. By vote of
those present, Mr.. Simon was empow-
cred to appoint q special committee
to so to Washington to aid in laying
the associations campaign before Con-
gress. This committee probably will
be in Washington early next week.
New-York tribune., 1919-05-16
Rubber
Raac Rubber Shoacs Slight
Decline: Bins Are
Well Filled
With large supplies of crude +,

With large supplies of crude rdbber
in their bins, manufacturers in
clined to defer further purcha of
raw material, according to rubbei i'm
porters and dealers in rubber goods.
Those manufacturers who could con-
veniently buy additional stocks are
said to be holding back orders expect
ing lower prices. This apathy on the
part of the buyers resulted in slight
declines in prices of plantation rubber
yesterday.
Among importers the report was
current that tire manufacturers n ad-
dton to having large stocks of crude
material also have on hand immense
stores Of finished tires in anticipation
of heavy sales when the automobile
touring season is fully under way. 1t
was said that one large tire company
has almost 100000 castings in stock
many of which were made for the gov
crnment prior to the signing of the
armistice.
Tire dealers and jobbers yesterday
reported that the new price lists an
nounced by several of the larger COM
panies have already resulted in de-
cided increase in sales.
New-York tribune., 1919-05-16
Trade Notes

Officers elected by the National As
sociaton Of Stove Manufacturers yes
terday ut the closing session Of the
annual meeting held here this week
were: President, Lee W. Van Cleve,
st. Louis; first vlce-president, Robert
NJ. Leach, Taunton, Mass; second vice
Tenn troasurer a. tny WateT NJ Ma'1ors onas
Richmond, Va, and secretary, Rob-
crt f. Wood. Troy, N. Y. w. G. Henry.
of Detroit, was elected chairman Of the
executive committee.
New-York tribune., 1919-05-16
Exporting Silk Hosiery

Export trade in silk hosiery is OF
large yalume, Argentina, England and
the Scandinavian countries making
large purchases. Owing TO the large
domestic demand, manufacturers az
sert that it will be difficult to fully
satisfy the wants OF foreign dealers.
because Of the low rates Of money ex-
change foreign dealers have to bear
additional imposts in the matter of
prices.
New-York tribune., 1919-05-16
Small Diamonds Scarce

xs, xartner advances in the price Of
ssmohds will be made within a few
~ a., according 10 jewelry dealers
~ manufacturers. The shortage of
asn stones is becoming more ncute,
saaiacturers declare that formerly
tss could be bought for from $50 to
w,.s ~ safat, With sixty or more stones
nsning a carat, while now the cost
'@sss from Sl30 TO $3.50 8 carat
New-York tribune., 1919-05-16
New Maritime Generator

An acetylene generator supplying
fuel for propelling motorboats is the
device of q Norwegian captain. and is
reported to be in great demand.
New-York tribune., 1919-05-16
1iyccrine Ostrich on Hats

Ne! we xiycerine ostrich IL beinx
sy ~, extensively used on white hats
Il mIhnsry manufacturers, The sides
issssas Ok the advance models Of blacE
sssS s...s .scfnars also are heavily Gov
New-York tribune., 1919-05-16
Eggs Used as Money

At one time in Switzerland eggs were
used as money, and dried cod were
used for the same purpose in New
foundland.
New-York tribune., 1919-05-16
Basic Com modities
May IS. 1919

o.
Notein those reno..d
The Arizona copper camp., 1919-02-01
CASA GRANDE NOTES
SOUNDS LIKE SOCIALISM

Any democrat in the present session
of the legislature who fails to sup
port to the fullest, government owner
ship of railroads, telegraph and tele-
phone systems of the United States,
is a reactionary and belongs in the Re-
publican party.-Peoria Enterprise.
I. T. Holland, the new editor of the
Enterprise, promulgates strange doc
trines for democrat. To us it sounds
more like the pronunciamento OF a
dyed-in-the-wool socialist.
Pray, when did the democratic party
by platform utterance declare for gov
ernment ownership of railroads, tele-
graph and telephones ?-The Messen-
ger. e'
Brother Mills, have you been read
ing thecCasa Grande Dispatch as well
as the Peoria Enterprise?, Mr.. Hol-
land, = who thought he had the demo
cratic vote of the valley in his pocket
for delivery to misguided Fred Golfer,
has his name over the editorial co..
umns of both papers and the local
organ has Casa Grande people guess
ing as to whether it is Socialistic
Bootlegistic or Whatnotistic.
Whatever it's policy it is a strang0
one and it's management had strange
ideas during the last election.
There will be held on next Saturda y
night at the high school building 9
recital for the benefit of the schoo'
library. The program will consist of
music by the high school glee cub
and orchestra and the reading of
MRS. Wiggs Of the Cabbage Patch" by
Miss Eva Steers.
The Arizona copper camp., 1919-02-01

Mary McCafferty, the one year and
two months old daughter of Mr.. and
Mrs. J. McCafferty, died Tuesday morn
ing of pneumonia The child had been
sick only a few days Fat the time Of her
death Burial was in the Ray ceme-
terry, January 29th. The entire COM
munity extends their sympathy to the
parents in their bereavement
The Arizona copper camp., 1919-02-01
NEW oEEIcE BUILDING

The new two-story brick office build,
ing for the Ray Consolidated has been
completed, and no doubt is one of the
finest office buildings which any cop
per company has at their plant in the
state. The first floor is occupied by
the clerical force, telephone and West
ern Union offices. Messrs. Boyd,
Thornton, Thomas and J. T. Moore
have their offices on the second floor.