davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-06-08
Textiles
Belached Cottons Easier
on Selling for Profits
bv COnyerters

Orders for cotton goods yesterday
were limited mainly to heavy sheetings
and popular brands of bleached fabrics.
Two # the leading producers of wide
leached sheetings advanced their
prices, but quotations for unbleached
goods suitable for making printed
because Of profit taking sales that were
conducted on small scale by convert
ers.
During the last week buying of most
cottons, other than the leading bleached
fabrics, which were in active demand.
gave evidence of having abated De-
mand for most classes of finished goods
save duck cloths. was brisk but as the
mills were chary about taking large
additional orders in view of the uncer-
tainty that prevails regarding the fut-
ure price of raw cotton, many of the
orders that buyers offered were not
accepted.
Some of the mill agents sent instruc-
tions to their travelling representatives
to guard against overselling. While
the mills that make unbleached fabrics
refused to sell goods for future de-
livery and maintained stiff prices, con-
verters, or so-cal1ed second hands,
made limited sales Of print cloths at
reduced quotations. The print cloth
designated as 64-6Os receded from 1873.
cents yard, the price quoted week
ago, to 14aa cents on Saturday, while
6o-12s dropped from Is cents to 1784
cents. The decrease in the price of
raw cotton sobered speculative buyers,
causing them to realize profits accruing
on the purchases they made at lower
prices some time ago.
New-York tribune., 1919-06-08
Heat Wave Results i'm
Straw Hat Shortage

Men who are in the habit Of wait
ing for the July clearance sales 20
purchase their straw hats probably VIII
have to pay as much next month as
they would now. And if they wait
until July to buy, they probably VII
be lucky to get a hat even at top
prices, according to retailers and job
bers.
Available stocks of straw hats matted
like ice under the June hot wave.
Frantic calls othe jobbers have failed
to bring stocks up to point whore
they offer the consumer a choice, and
the straw hat manufacturing season
for this year is past.
Retailers who are now receiving de-
layed shipments hail these with de-
light. The hats are sold almost as last
as they are unpacked. AS the season
progresses the sales of panama, BAN
kok and other higher priced hats be-
come larger. The first buying rush
seems to have taken the bulk Of the
stiff straw hats
New-York tribune., 1919-06-08
.}eweirv
Imports OF Small Sized
Diamonds .ShO,u an
Increase

Imports of small sized diamonds, of
which there has been an acute short
age in this market, are reported to be
increasing. Recent shipments from Am
sterdam have been considerably larger
and some stones are beginning to come
through from Antwerp.
Early restoration of Antwerp as the
principal diamond cutting centre Of the
world is looked for by some in the
trade. Private advices received here
are to the effect that the skilled Bel
gian diamond cutters who were driven
from Antwerp to England when tho
Germans overran Eegium are begin
ming to return, and the industry there
shows signs Of revival
New-York tribune., 1919-06-08
Business Money

to apply their own funds, though be
fore the war 0 per cent of them op-
Grated on borrowed money.
In the bank acceptance market, the
most important feature was the ap-
rearancc &C the initial installment of
$4,000, 900 cf the $50,0O0,00O Belgian
credit. This installment was allotted
10 the various brokers, who would
havc welcomed it more had it come
a month or more ago. Now their
portfolios are as high as most OF thom
care to have them. Last week was the
third week of poor sales for NOSE
of the dealers. though there has been
an improvement in the number of new
bills coming in.
Fifteen to sixty days prime trade
acccptances were quoted at and 81
per cent; siXtoy to ninety days, 5
and 512; indorscd trade acceptances,
~ per cent, all maturities.
New-York tribune., 1919-06-08

recent purchases of gloves bought at
prevailing European prices were alb
sorbed. Merchandising methods also
are changing. Gloves always had been
used as football by the retailers, who
persisted in selling them at low prices
and considered they were doing a good
business if they stayed within the
bankruptcy limits by making quantity
sales To them gloves only served the
purpose of leaders to the sale Of other
merchandise.
"Another illusion which has been
dispelled is that of selling gloves at
even prices, such as 81, Sl.5O and 81.
Retailers formerly refused to sell
figure that might have represented q
reasonable profit When they realized
that the cost of business was increas-
ing they attempted to gouge the manu-
facturers instead Of advancing the sell
ing price of their merchandise in pro-
portion to the increased overhead.
"Now they have become educated to
the advantages to be gained by selling
their goods on a cost plus a reasonable
profit basis.
"On the basis of the present foreign
market the lowest prices at which
ladies' gloves should be sold to-day are
$3.50, SO, $3.50 and S4. The English
public is buying heavily at prevailing
prices, and if America expects to re-
ceive its quota of finished gloves from
Europe it is up to the American mer-
chant to sell his merchandise at prices
that will enable him to pay current
rates abroad.
"Tbe American manufacturer must
have sufficient support of the domestic
trade to enable him to purchase his
raw stock at the market prices. This
support is now in evidence, but, unfort-
unately, it came too late to alleviate
this years situation"
New-York tribune., 1919-06-08
The Tribune's Page of Business News
Silks
JObbers in Silk Goods
Trade Expect to Reap
Large Profits

Little business was transacted in
any branch Of the silk industry yester-
day, but enough orders were booked
during the week to compensate for the
Saturday half holiday dullness. Most
ot this business was received by the
Jobbers rather than the manufacturers,
the latter not being in a position to
accept additional orders for the stand
ard weavcs Of fall dress goods. Yet
the demand for silks was so marked
that a number Of the manufacturers
were enabled to dispose of quantities
.of redycd fabrics for which none of
the buyers cared to bid three weeks
ago.
Travelling statesmen for the leading
jobbing houses sent in considera BILE
business, and they reported to their
principals that as nearly every retail
dealer is selling dpess silks in large
quantities, the chief obstacle is to
promise deliveries by a fixed date,
rather than to make efforts in solicit
ing orders.
Jobbers who were far seeing enough
to place large contracts with the man
ufacturers months ago admit that they
expect to reap considerably enlarged
profits this season, and some of them
predict that mid-August is likely to
see a veritable scramble for goods.
Many of the jobbers, those who deemed
it prudent to turn over their goods
as opportunity offered, now concede
that they have acquired clearer con-
ception Of the old trade adage Of "sell
and repent"
The manufacturers are making
strong efforts to speed up production
by installing additional looms and
working their plants night and day
in sections where the operatives arc
willing to accept the increased sched-
ude. 1t was reported that the Pater-
son mill owners had granted their
operatives an advance of Is per cent
in WaCeS
New-York tribune., 1919-06-08
British Cotton Goods
Trade Revival Is On
Unemployment in Many Mill
Towns Decreases as Looms
Resume Operations
Financial Bureau
SpeciIl Co1-rfsrOt,icncc

LIVERPOOL, May 23.-The pre-
dicted revival in the cotton trade is
now reality. So many empty looms
are being gated that tacklcrs are
having strenuous time. The prepara-
tion departments in mills, which have
been slack or altogether idle for
weeks, are now busy getting the warps
ready. and overlookers in some weav-
ing sheds are so hard pressed that
they cannot stay at the newly gated
warps until the ends are up and every
thing is straight for the weaver.
Women operatives are glad to see
the looms going again, and they are CO.
operating as we'll as they can. The
best index to the improved conditions
is the fact that in some districts en-
pioyers are compelled to advertise for
weavers- There are increasing evil
dences that the available labor will be
absorbed quickly. In Haywood that
position has been almost reached al
ready. and some of the outlying towns
from Bolton have little surplus labor.
Iodmorden's thousands of unemployed
operatives have diminished to half that
number in a week.
ne Ids4lnRden looms are reStarted
as rapidly as possible, and practically
all the weaving sheds have resumed
There Is still too much "playing for
warps," but that is incidental to press
hre OF work IN the preparatory de-
partments.
orders are more numerous in Burn
ley, and the unemployment among op-
eratiVes has gone down over 700 dur
ing the last fortnight Padiham has
enjoyed brisk revival, while at
Great Harwood all the mills except
three are now on full time.
Ia Bolton both spinning and weay-
ing Is becoming brisker, and there IL
talk OF mill extensions in the nea,
future Rochdale reports an all round
improvement, although "playing 70,
warps" still is wcaver's grievance
One mill at Royton which was closed
two years ago because Of the control
board restrictions 10 10 resuYoe.
Almost all Districts are particiraffno
IN the welcome change both IN IMnca.
snire and Cheshire, and there is gen.
eral feeling that by the time the Cot
TON Control Board payments cease or
June there will be substantia1 re.
dact'on in the volume Of uncnploy.
snent in the cotton trade.
New-York tribune., 1919-06-08
General Merchandise

AKRON. ohio.-A Polsky Co. r A
suits; 14i Madison avenue
CH1CAGO-M. Kahn Co. NJ Kahn fsh
merchandise: 3 East Twenty sixth street.
room 1910. care Bauer
LOCK HAN NEN. Penn. " Bridgens
& Sors, J. + Bridgens genera aerchao!se
and shoes. Park Avenue Hote.
Los GELES-Rulloci s. NJ Hiiton.
merchandise manager. 95 Madison Avenue
nth floor
TUSCALOOSA. Ala Roscnau 60. y =;
Rosenau. drysooda. clothing. carpets ana
shoes Pennsylvania Hotel
WATERNlLLE. Me Ewory Brown ptY
Goods Co; H. Rrown ready 20 weas. tris =
millinery and drygooas. 1891 HlaNa"a''
room l0l2
WILkESBARRF Penn Fowler Dies
& Walker. NJ. Burnside. dress goods So
iaces upholstery and notions. N's'
Thirty second Street.
New-York tribune., 1919-06-08
Latin-Americans Coming
Six Hundred Buyers on Way TO
Philadelphia Exposition
BUSINESS Mems Bmoo1t
Sprcinl COrrcsnnldn11cc


Spccidl COrresp pondence
PHILADELPHIA, June Six hun
dred buyers from Central and South
America are expected to arrive here
on one of the Lamport Holt steamers
to visit the first national knit goods
export exposition, now in progress at
the Commercial Museum. The cxposi-
ton is being held under the auspices
Of the National Association of Hosiery
and Underwear Manufacturers. French.
Belgian, Russian and Australian buy
ers already have visited the exposition
large staff of interpreters is avail
able for the use of foreign buyers.
Altogether about 1000 persons visited
the exposition this week.
Manufacturers of hosiery and under
wear maintaining exhibits in the cxno-
tion report that the foreigners have
placed orders and have made inquirrics
which are expected to result in future
business.
The display Of knitting machinery.
yarns and mill supplies in the Knitting
arts exposition run in conjunction with
the export exhibit is the largest in the
history of the association.
New-York tribune., 1919-06-08
TELEPHONES.
Beekman 8243
Beeknaan 5000
Leather Exports Set New
High Record in April
Average Price Paid for S;x
Out of Eight Grades
Shows Decline

Leather to the value of $40. .72s ses
was exported in April, establishinc
new record. This represents gain 4,
81 per cent in value over the larcs,r,
increased figures for March and :,
more than three times larger than tbs
best months exports in 1918. Liftinc
of embargoes by France. Great Britain
Belgium and Italy made possible N.
large April exports. While italy for
time permitted the import of leatbsr
it is reported that because Of +bs
unfavorable rate of exchange existing
between that country and the United
States there has been a tightening o.
the import license requirements.
According to statistics compiled hv
the Tanners Council there was mod
crate increase in quantities of leather
betting exported in April compared
with the previous month, while thosa
of carriage, automobile and upholstery
leather about doubled Exports of sole
leather were nearly three times Larger
than in March and those of calf and
kip upper leather increased about $50
per cent Shipments of goat and kid
upper leather fell off slightly. Exports
of grain and split upper leather
showed an increase of nearly $50 per
cent and were 32 per cent greater than
the total for the whole of 1918. FOREIGN
sales of all other upper leather were
about double those of March, while
other grades of leather were sold in
five or six times the value.
The Tanners Councils figures show
that in six out of eight grades Of
leather covered, the average price for
April was lower than that Of the pre-
vious month. The most marked dron
during the month was in patent leather.
The April exports of 420,S37 pounds of
this leather were valued at Sl,l0l.733.
or an average of S2.61 per pound and
in March the average price per pound
was S3.42 In February the average
price was $3.08.
The figures for glove leather show
that the April exports totalled 141 .9t7
pounds, at an average of 81 per pound.
In March the average price was slS2,
while in February it was $101 per
pound The average price of sole
leather dropped from 6S cents in March
to 41 cents per pound in April. The
February average price in this class
was 664 cents per pound.
Calf and kip upper leather also
showed a drop in price, according to
the Councils figures, the April ship
ments of 7,822,867 square feet having
an average value of 52S cents per
square foot, while in March the aver
age was 57.6 cents. In February the
average was 579 cents. A drop from
316 cents in March to 176 cents in
April is shown for grain and split
upper leather, while the February ship
ments were valued at 29.5 cents Car
riage, automobile and upholstery
leather exports in April has an average
value of S1.05 per pound, against $l44
in March and $109 in February.
Goat and kid upper leather and belt
ing leather had greater average
value in April than in March. Goat
and kid leather advanced from 482
cents in March to 51.7 cents per square
foot in April. Betting leather went up
from $1.05 to $1.31 per pound during
the month.
New-York tribune., 1919-06-08
Sale Of Winter Eurs On

Spurred on by their success In sell
ing winter furs to women in June last
year. Saks E. Co. are repeating the
sale. A year ago the gale lasted two
weeks. This year the time has been
extended to three wecks. This store IS
the first in New York 10 start sum
ner sale Of furs this year.
Included in the sale are long coats,
coateea, capes, scarves and mufs Of
all varieties OF furs. According 70
the manager Of the department the
June fur sale is good bushes builder
and q strong advertising feature.
New-York tribune., 1919-06-08
GoIo.'s
Papermaking Industry Is
Buying Dyes in Fair
Quantities

Moderate activity is reported in the
color market. The call for wool
green S continues, and, as imports
are light, higher prices are expected.
Imported patent blue commands CON
siderable attention. Colors used in
the paper making trade are moving in
fair quantities. Laundry dyes are ac-
tive.
There is good inquiry for bcnzo
fast scarlet, but few actual sales are
reported, presumably because spot
supplies of this material are small.
Diamine rosc and erika pink seem to
be in fair demand. Various shades of
blues are selling at good prices.
Inquiries and orders from foreign
consumers are being received in fair
numbers. South America is said to be
purchasing practically a full line Of
anilines. Large quantities of chrome
black, acid black and sulphur black
have been sold to Spain, Italy and
India. Demand for vat shades is in
creasing daily.
New-York tribune., 1919-06-08
Higher Cost Checks Use of
ClOUes as Sales 'Leaders'
Retailers Paying So Much for New Stock That
Greater Care in Mer chandise Must Be Exer-
cised, Says Import B Buyer

sESlSIANCE by retailers to the in
evtablc advancing cost of kid
gloves has been serious handicap to
American manufacturers in their de-
sire to obtain new stocks of raw mate
rails, according to A b. Campbell, for
elgn buyer for Louis Meyers &, Son.
Mr.. Campbell recently returned from
a buying trip to the European glove
centres. A world wide shortage of
glove leather, he said, has resulted in
prices going to new high levels
Lack of support in the form of ad-
vance orders in the early part of the
year discouraged the foreign glove
manufacturers from buying raw stock
at market prices. The demand of the
American retailer began to show in
March, when it was too late to aid the
manufacturer in his 1919 production,
according to Mr.. Campbell.
"All commodities abroad he said
yesterday, "have quadruplcd in price,
while here in many instances prices
have not doubled. This holds true of
gloves as we'll as other articles, prices
here not being in line with those
ABROAD. NlOVeS tnat were SelllnS re-
tail in the Italian market for 2 12 lire
before the war are now selling for 10
lire, and they are not the cheapest
grades"
As an indication of the difference in
the attitude Of the English and Amer
lean dealers toward the price situation,
Mr.. Campbell said that last year cape
P. V. NJ. gloves We're unattractve to
layers here when offered as low as
$3.50 dozen, while in England whole
salers were paying as high as 10 shil-
lings, or about S27 80, a dozen for sim
ilar makes and We're unable to get
enough to FIJI their requirements.
"Retail conditions arc improving
here explained Mr.. Campbell. This
is evident by the rapidity with which
New-York tribune., 1919-06-08
New Bedford Mills
To Resume on Full
Time Tomorrow
Enough Orders on Hand
to Keep Machinery Busi.
ness for Several Months;
Fine Goods, Prices High
Business Nems Bureau
SDrriGl CORES

NEW BEDFORD, Mass, June l.
After three weeks of idleness, due to
strikes the twenty four cotton mills of
this city will reopen tomorrow morn
ing on full time. The mills have
enough orders on hand to keep them
busy far into the fall months. At
present prices for the fine cotton goods
that are turned out by the local mills
are as high as those that prevailed
during the md-war period, and as the
strike sgreatly reduced their outputs
it is predicted that increased quota
,ions for high class fabrics that are
made from the finest grades Of cotton
yarns will be put into effect.
Voles, organizes, woven shirtings
and material for light weight cotton
underwear are the principal products
of the local mills. Already selling
agents located in New York have re-
quested the mill managers to announce
prices at which they will accept orders
for shipment beyond the fall of the
year.
New-York tribune., 1919-06-08
Piece Goods

BALTIMoRE-Klein. Mofrett Co: man
ufacturers' children dresses: II H.
Green. cotton piece goods: 1870 Broadway
CHICAGO - Heller Co; V. E Heller
manufacturers waists and dresses; I'm
perlal Hotel
CLEVEr.A AND-sunshine Cloak and Suit
Co; k. Sunshine. manufacturers cloaks
and suits; - West Thirty second street
MEN HAVEN, Conn. II. press tailor
Park Avenue HNtel.
PETERSBURG, Na.~-A. Roscnstock &
co, ". A. Sims. linens and white goods
A East Twenty third Street
SPKiNGFl El-p Mass J. Friedman.
tailor. Herald Square Hotel.
New-York tribune., 1919-06-08

For the most part, the week in COM
mercial paper was quiet. Little buy
ing came from the city, and brokers
had mainly to depcnd upon Western
institutions for their sales.
TIE present market rate is 51i per
cent While the bulk of paper moves
AT this figure, names less well known
have to accept So per cent. Five per
cent paper is rare and finds only the
narroWost market.
This firming in rates is easily ac-
counted for. and if there is anything
surprising. it is that the rate is not
higher. Government borrowing at Az
per cent, with a tax exemption that
brings the rate to an equivalent of
about 5 per cent as against any pri-
vate borrowing, is generally conceded
to fix > per cent as a minimum rate for
paper. This is especially felt when it
is considered that a banks risk is
practically negligible when it takes
government paper
On the other side commercial paper
has to compete with loans of banks to
customers, bank acceptances and de
mard and time loans on Stock EX-
change collateral. on time loans the
banks can obtain 6 per cent as against
81 for commercial paper. but the loan
is not liquid: the bank cannot redis-
count it at the Federal Reserve. On
call loans they have been able to OBJ
tain this week as high as II per cent,
with minimum figure Of So per
cent; but it is not good policy for a
bank to put too much of its funds into
Stock Exchange call loans. and it is
not sure that the rate will be main
tanned for several months, or that the
average figure will be better than that
obtainable on loans of fixed maturi-
ties.
One of the reasons for the present
lack of borrowing VAS revealed this
week as applying to the Southern cot
ton mills. Their war profits have been
such, even after deduction Of taxes,
that to-day they arc in a position
New-York tribune., 1919-06-08
Textile Ware1iousing
Company Is Formed

Papers Of incorporation were filed at
Albany yesterday for the Independent
Warehouses, Inc. The incorporutors
are; 6. Mp. Murphy. Eugene W.
stetson. james l.. N'Ncill. all vice
presidents Of the Guaranty Trust Com
pany, and John T. Mcguire, assistant
cashier Of The Liberty National Bank.
The new company will be capitalized
at 100000, fully paid up, and will be
closely related with the new Textile
Banking Company, recently organized
jointly by the Guaranty Trust Conn
pany mad tho Liberty National Bank.
New-York tribune., 1919-06-08
France Producing Finer
Fabrics for America
Large Orders Taken on Sam
pies Recently Shown, Says
Resident Ruyer

France, quick TO sense the trade
trend here, is producing the most
luxurious fabrics possible for American
consumption, according to Alfred
Fantl, resident buyer, who has recently
established buying Office and style
headquarters in Paris.
"Ihe most beautiful fabrics ever i'm
ported into America are coming in
now said Mr.. Fantl yesterday, "and
thousands of dollars worth of orders
have gone back as a result of the
showing Of samples here The textile
plants in the uninvaded portions Of
France are working full force now
and are turning out merchandise in
good shane"
New-York tribune., 1919-06-08
Leather
importers Report Larger
Arrivals of Goat and
Sheep Skins

Unusually heavy consignments of
goatskins have recently been received
here, with the result that the immed-
ate requirements of tanners are said
to have been provided for. During the
latter part Of the week just ended
5S2 bales and 1.5Ol casks of goatskins
reached the local market.
Other skins are also being received
in larger volume than for some time
past, according to importers. Recent
arrivals included 4S3 bundles and So
bales of calfskins and 1876 bales and
134 casks of sheepskins.
New-York tribune., 1919-06-08
Miscellaneous

CHICAGO-Marshan Field & Co: v. =.
Browning; uniform manufacturing depAt'~
ment. llo7 Broadway.
CHICAGO. In-Rothschiid & Co: J H.
Schwenberg: toys. 470 Fourth Avenue
Room 1904.
CHICAGO. III MONTGOMERY Wa
Company E. !. Hansen. toys and do"s'
500 sixth Avenue -.
LONDON. Eng Harrod's Ltd W.
'. Brooks and Harry Day. go FMS"
Avenue
Los ANGELES, Cal-~Rullocks O A.
Skinner. leather goods. handkerchie.s
parasols and umbrellas; IS Madison
Avenue, eleventh floor.
SAN FRANCISCO, Cal.--The Emroriamt
e. j. Costello: toilet and leather goouu1
trunks bags and rubber Soodsi ass eseta
Latham Ho4aA .---A
New-York tribune., 1919-06-08
Buyers Arriv d
S243 NJ. and p.
Women's Wear and Millinery

BOSTON-C a BROWNING Co; J. J.
Crowley. millinery; Manhattan Hotel
DETROlT-I. l.. Zulebach; :. Zuebach,
ready to wear and childrens wear, 1ls2
Broadway. room 14O2
-McCreery & Co: A. ".
Brown, waists. wrappers. negligees. French
room $40.
WASHINGTON. D. C-iIecht & CO. NJ
kaufman, womens cloaks and suits. Penn
sylVania Hotel
CHICAGO. Bezark Co; Jack Teller,
wash dresses and coney fur coats; IS East
Twenty sixth Street