davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-08-01

Hnoe manufacturers struggling to meet
the increasingly large requirements of
their trade have suddenly found them
selves in competition with leather buy
ers from Europe, seeking supplies for
countries closed for several years by
the war. The actual and legitimate
shortage of supplies has led to the bid
ding up of prices by these competitive
buyers to the present unheard-of and
unprecedented level.
This situation can only exist so long
as the unusual export demand persists
and this country's prosperous condi-
ton continues. Any further upheaval
abroad, serious crop failure or wide
spread labor or political disturbance
in our own country would cause an
immediate and serious reaction. Ex-
tremc conservatism is, therefore, de-
manded from all branches of the trade.
Tanners, manufacturers and dealers
alike recognize the situation as dam
gerous and unfortunate. We see no
reason to doubt that all the worlds
legitimate requirements for leather can
be fully supplied from usual sources
and that the equilibrium Of the market
can be restored if manufacturers and
merchants generally will follow the
dictates of common sense, but all pur-
chases far in avanced of actual needs
or buying in quantities in excess of
those actually needed for seasonable
goods must stop. This policy may
bring about some reduction in the vol
ume of business for the next few
months, stocks may be depleted to a
point lower than ordinarily considered
advisable, and factory production may
be in some cases necessarily reduced,
but we are convinced that the losses so
resulting will be insignificant as COM
pared with those likely to follow any
other course of action.
"While this or any other policy may
not reduce the cost of shoes for the
next six months, there is no warrant
for the assumption that the tide now
SO rapidly rising will not ebb, or that
relief in some form will not come dur
ing the latter part of the year 1920"
New-York tribune., 1919-08-01
The News of Business
Loauer Prices for Shoes
May Come Late in 1920
N1eahtme Manufacturers See No Chance of Pre-
venting Further Rise in Cost of Footwear for
Next Spring, Leather Continues to Soar

$hoE manufacturers while deploring
probable further rise in prices
ior footwear for next spring argue that
they are powerless to osprevent it, owing
10 the advancing market for leather
and the heavy demands for the latter
from european countries. A number
or them. members of the National
boot and Shoe Manufacturers Associa-
tlon, met IN this city recently and
after q thorough discussion Of the sit
uatlon deemed it best that the public
should be conversant with their views.
which are set forth as follows:
The shoe manufacturers of the
Onlted States deplore the unprccedent-
cd advances which have tahen place
IN hides, leather and shoes during the
last SIX months, and it is the sense of
TINS meeting that each one of us should
90 his utmost to curb and check the
iadvanclng market and discourage all
puylng OF speculative character among
both manufacturers and merchants
Inc present prices of raw material are
nearly double the prices current six
months ago, are wholly beyond war;
time or any other experience and have
now made necessary prices for shoes
'ar above any with which the trade is
yet acquSnted. We know of nothing
which can quickly relieve the present
temporary scarcity of materials or
bring about lower prices for shoes for
the coming fall trade. Shoes sold in
the, spring of 1920 must bring still
higher prices, based on the present es-
tabished prices of leather and labor.
These are both excessive, far beyond
any past experience.
The cause for this situation is easily
to be discovered. The, stocks on the
shelves of the merchants have been de-
pleted by the lessened production made
necessary by wartime conditions. All
classes of the people continue we'll sup
pllcd with funds and eager to obtain
their usual supplies. The Increased
price so far established has not
checked in any way the steadily in
creaslng demand from the consumer.
New-York tribune., 1919-08-01
Court slls:ains Holding Of
Deposited Enenly Sscuritie

II the first Of series Of test cases
involving possession Of Si5,000,00O Sc
curities posted By enemy owned in
surance companies to enable them 10
do business il this country, Judge
Augustus \. Hand, Of the Federal Dis
trict Court, upheld yesterday the con-
tention that the Enemy Alien Prop
erty Custodian is entitled to hold them
for the protection for policy holders
and creditors. Judge Hand rendered
the decision in case involving Sc
curities valued at $A0C0.09O deposited
by the Munich Reinsurance Company:
In the proceedings United States
Marshal Thomas +. Mccarthy f1st
seized the securities ard then pub
lsAed notices that claimants should
sue die trustees.
New-York tribune., 1919-08-01
Must Advance Prices

LONDON, July 20 (Correspondence
of The Associated Press Surprise ed
and shocked by the government an
nouncement that coal is to cost the
consumer so more ton because of
increased wages shorter hours for the
miner and steadily decreased produc-
uon pcr workman. British manufact-
urers have been calculating Just how
much they must add to the price Of
their products to maintain the accus-
toned level of profit
The Federation of British Industries
representing we'll over $5 5000. 900 900 in
vested capital has made public the fol
lowing statement of increased prices
under the new coal charge:
Engineering products, 3 to 10 pei
cent; textiles, 3 to per cent; meta
trades, to 6 per cent; chemicals. &c
per cent; gas and electricity, 10 pc,
cent; paper, ton, So; salt, ton, 1.5O
Steel Trade Alarmed
In the building trades increased costs
will be: For steel, S6 ton; bricks. )
per cent; glass, 5 to 10 per cent; drain
pipe, $l.50 tom
The steel trade took immediate alarm
and when the announcement was made
promptly withdrew all quotations
pointing out the difficult position in
which the industry was placed, as all
ready British manufacturers were be-
ing undersold in the home market bv
American steel makers.
Grlmsby fishermen also made their
position plain, declaring they could
not operate their steam trawlers with
the new priced coal and sell fish at old
prices.
In Manchester it was pointed out
that the smaller industries would be
the most seriously affected, while lead
ing coal operators said they would re-
ceive nothing from the advance.
The public generally also took alarm
when it was pointed out that with coal
at the new price, it would have to
consent to increases in gas prices that
would make UP q deficiency every year
of some $36,00O,O00
New-York tribune., 1919-08-01
Cost of Mems Clothing
Next Spring Will Rise
Production Being Planned ON
the Basis of Higher
Cloth Valucs

PRODUCTION of mems clothing for
next spring is being planned on bos;s
OF much higher prices than obtain in
either the Wholesale or retail markets
at present Clothing men are watchinc
she fabric markets closely in an effort
10 get some idea of what their mate
rails will cost. 1t seems certain that q
gooN worsted cloth will bring at least
80 IN the fabric market when the cloth
m'iis open their spring lines. A certain
amount of business already has hcen
done, 1t is said at about that figure.
Ihis means possibly a dollar a yard ad-
vance over the price of the cloth used
IN fall clothing now being shipped to
the retailer. In addition, labor costs
are increasing rapidly. On top of this
the clothing manufacturers. in selling
thelr tall clothes, named prices based
on cloth and labor costs obtaining dvr-
lng the early part of the year and
these prices do not represent the total
of material. labor costs and normal
profits under present conditions.
While fall clothing in the retail
stores will show an advance over the
price of spring and summer clothing
now being sold, this advance, say man
ufacturers. viii not be as sharp as the
increase that retailers will be com
PEELED TO ask next spring.
IN the manufacturing trade high
prices for next springs clothing have
been discussed to such an extent that
the salcsmcn III showrooms in some
cases are cashing in their Liberty bonds
in order to buy summer clothing at
retail now for their personal use next
spring. 81 can buy a good summer
suit at retail now" said clothing
salesman yesterday, "much cheaper
than l can get one at cost N our fac
tory next year.
New-York tribune., 1919-08-01
Orders for Apparel
More Widely Spread
Smaller Concerns Benefit From
business Turned Down by
Large Houses

=, Buyers for retail stores continued
sNe, tne ordering of women's apparel for
ssH Yesterday in large volume. SonNe
manufacturers, especially those main,
aiming small establishments, who did
NOT believe the buying season ould
MAINTAIN its pace through four weeks,
s; are no longer skeptical. Owing to the
disposition of some of the largest con-
sefns to limit their customers orders
sha sh TO refuse to open new accounts,
.a .ae smaller manufacturers have OBJ
esai @ined larger volume of business than
N'TT1,hariiy ~, comes their way.
a. me business now being booked by
i;s iae manufacturers and jobbers is be-
f,eved to be solid and substantial. In
s,er sf.lmer years a manufacturer could not
ns.:, "sufe his total volume Of business
s saei his cancellations and returns from
iis.aliers were in. SO keen are the
nayers for merchandise now, that the
sss, snsss,na1acturers, for the most part, Will
~ only to those who have pasc
'sIord of few cancellations and returns.
os according to the credit departments
~ l. leading associations in the apparel
baa..ustrles, collections never have been
-s'eer than at present.
New-York tribune., 1919-08-01
Leather,
No Surplus StocIt. OF
Women's Fall Shoes
i'm Si;ghs

manufacturers OF women's footwear
state there will be no surplus stocks
available this fall because of the great
demand from retailers for Immediate
dellvery. For this reason many of the
leading, concerns are not obligating
themselves after September 1. This
pollcy has been adopted because of the
state OF itux in which the trade now
finds itself. The manufacturer cannot
contract far into the future because
he does not know whether he can get
sufhclent amount of leather to fulfil
ms contract, nor what price he will be
asked to pay. One manufacturer stat
ca that his concern goes into the mar
ket for leather every week, and that
each succeeding week during the last
few months it has been necessary to
pay higher prices for stock.
before the price of leather nuctuat
ed So" he said, "the manufactured
would contract for shoes for future de-
livery and then go into the market
and purchase his leather. Now the
process is exactly reversed. The man
utacturer must take orders on the basis
OF the stocks he has on hanA."
Retailers of women's shoes state thar
although the public continues to com.
PLAIN about the high prices, the shoes
that sell the best are the latest stvlc
cuts, for which top prices are asked.
New-York tribune., 1919-08-01
Spring Lines OF Carpets viii
Re Opened About OctoI,o~

October / is the tentative date set
for the opening Of spring lines Of car
pets and rugs by the selling Offices
located here. The mills are busy turn
ing out the fall production sold last
spring, but viii be able to deliver only
about IS per cent of the orders taken.
according to several selling agents.
All orders taken last spring were with
the proviso that the remainder OF or
ders untitled when the spring lines are
shown will be automatically cancelled.
Retailers are said to have scanty
stocks upon which to do present bust
ness and the slow deliveries viii leave
them short through the winter, it is
said. Buyers for retail stores continue
to try to place orders in this market
for delivery before October, it is said,
with but little success.
New-York tribune., 1919-08-01
Chemicals
Chemicals
French Buyers in Market
for Copper Sulphate;
Acetic Acid Firm

Demands for copper sulphatc from
agricultural sources continued heavy
Yesterday 1t was stated that large
Quantities are ordered annually by
farmers at this time because Of it's use
as an insecticide and as spray fo1
barns and coops. French buyers are
also in the market for large quantities
in anticipation of the wine making
season, copper sulphate entering large
ly into the preparation of grape wine
Prices hold firm around cents =
pound, but IN advance lis Anticipated
because. OF the active demands and the
increasing rise in the price of copper.
Acctic acid was in good demand. The
glacial acid was firm, and it was said
that some dealers were asking IS cents
a pound. This compares with the reg
ular price Of II cents pound
Soda ash and caustic soda were not
traded in SO actively as was the case
earlier in the week, but prices continue
firm.
New-York tribune., 1919-08-01
e.
Tire Makers Order Heovy
Cotton Fabrics Far in
Adv0rcc

Although retailers placed large Or
ders for colored goods with the leading
iobbing concerns yesterday, the COM
mission agents and convcrters reported
that business in the standard cloths
was quiet. Some of the Southern mills
booked considerable business in wide
drills, duck and heavy sheetings, the
big manufacturers of automobile tires
being the buyers. These orders call for
shipments as far ahead as July of next
year.
Most of the buyers of the regular
lines of cottons have departed for home
1t is expected that less than the usual
lull in trade will be witnessed dufng
the month of August, inasmuch as
numerous inquiries are being sent in by
jobbers who bought heavily during June
and July. AS these buyers show dis
position to ask for more goods, par
tlcularly the white and colored fabrics,
the mill interests profess to believe
retailers have purchased literally from
the big jobbing concerns throughout
the country. Because of the exception
ally favorable results that were OBJ
tanned for high class fabrics at the
governments auction sale of surplus
cottons, many of the mill agents now
feel they have not been charging
enough for their products.
Demand for gray goods was so light
that even the so called secondhand
sellers were averse to Offering large
lots Of these fabrics. Limited sales by
others than the mill agents were put
through on the basis of 1919 cents a
yard ~1or the print cloth known as
64-60, % cents for G8-72s and 271a cents
for 80-S0s, these prices being one-half
cent under those demanded by the mills.
New-York tribune., 1919-08-01
Cotton Yarn Mill
Slices Big Melol,
Extra Dividend of $50 Paid on
Quisset's Common
Stock
Btts'ness NcfUs Bureau


Special Correspondence
NEW BEDFORD, July 31.-Profitable
prices for high class cotton warns de-
rived from Egyptian and Sea Island
cotton are reflected in the big melon
"h'ch was cut yesterday by the direc
tors of the outset Mill CORPORATION.
who announced an extra dividend Of
S'o on the corporations common stock
IN addition the regular quarterly dj-
y,ideend of 50 was declared. The extra
olvldend is the biggest announced for
many years in local textile circles.
IN the last two years the corpora
tlon has paid an extra dividend Of S1O
seml-annually over the regular paw
ment lt, OF 81 share. Within the last
month the market value of. the cor
poratlon's shares has advanced q
points, the last sale being recorded
:. The outset Mill Corporation is cap
ltallzed naa at S1,555, 900, of which $780,
600 is common stock. TN'-'''
New-York tribune., 1919-08-01
Rubber
Easier Turn in Crude
Rubber FoEEows Recent
AdrQnce
HUENflCp

After mounting upward for two days
prices for crude rubber yesterday de-
clined about z cent pound. Local
dealers intimated that while the in
quries received from the fanufactur-
ers of finished goods were numerous,
buying was held in narrow bounds by
the desire of the users Of the crude
product to force prices to a lower
level News from Singapore indicated
that the market at that centre was
firm. Locally the plantation product
known as first latex sold for 41A cents
a pound, ribbed smoked sheets at 4034
certs and brown crepe at 3612 cents
New-York tribune., 1919-08-01
Raw Silk Again Easier
Demand Reported Less Active
in the Japanese
Market

Business in raw silk yesterday was
only fair, most of the buying being for
the purpose of filling in the broken
stocks of the manufacturers. Cables
from Japan reflected lower prices as
we'll as indications Of a recession in
the demand. Shinshiu No. was quoted
IN the local market at $96212 a pound,
this representing drop of Is cents
from the preceding day. Advices re-
.ceived from Milan referred to good
buying for American as we'll as Euro
pean account, reduced stocks in the
hands of the Italian government, and
decrease of 80 per cent in this years
crop. The Chinese markets were re-
ported to be strong and almost bare of
stocks.
New-York tribune., 1919-08-01

future borrowings from the banks, have
influenced the Federal Reserve au-
thorities against an advance of dis
count rates up to this time and prob
ably will deter them from any radical
change before November, but there are
reasons for believing that small ad-
vance may be made very shortly, as an
intimation of future policy. The board
is decidedly Of the opinion that loans
must be held in check and that after
the needs which claim a consideration
this fall cautious working toward
gradual liquidation must be marked
out. Bankers will do we'll to plan their
commitments accordingly"
The market in bank acceptances con-
t;nues dull with rates unchanged. The
rise in call rates will naturally tend
to restrict business further.
New-York tribune., 1919-08-01
Business Money

Commercial borrowers found quiet
mar ket yesterday in which rates were
unchanged at 512 per cent for the gen.
money rates, which went to 90 per
cent in Wall Street, had no apparent
effect on commercial paper.
In banking circles an advance in the
discount rate Of the Federal Reserve
Bank is expected soon now as a check
on the further expansion of bank
loans This, it was stated yesterday
will have farreaching effect on al!
borrowings.
The National City Bank in its Au-
gust discussion Of financial and eco
nomic conditions, says: "Considera-
tons related to government financing
having regard for obligations arising
from the Fifth and Victory loans and
New-York tribune., 1919-08-01
Burlap Still on the Rise

Prices for Calcutta burlap Keep on
ascending. Local importers yesterday
received Is cents a yard for the eight
ounce cloth and II cents for the 10 "a
ounce fabric Limited quantities We're
offered Buying by the big manufact-
urers of food containers was sufficient
to more than absorb the light sup
plies rendered by the leading dealers.
New-York tribune., 1919-08-01
Britain Alarmed
Over Increase of
Coal $3.50 a Ton
Steel and Iron Makers
Fear United States Com
petition; Prices in Build
ing Material to Advance
NeW York Tribune
E,frnn1nn D
lCnnrrinl,t 1oin ~

EpTop'ar RUredu
copyright. 1919 New York Tribune Inc)
LONDON, July 31.-British iron and
steel makers are alarmed over the coal
situation, declaring that an unceasing
rise IN the cost of production is in
evltable, imperilling the country's ex-
port trade. Continental Europe, they
declare, is placing moro and more
orders with Germany. the United States
ana Japan, and makers Of railway ma
terial, tools, machinery, etc, declare
emphatically that British trade in
these articles of export will disappear
unless something is done. That some
thlng seems to be the production of
more coal. Without stable founda-
ton of increased coal production
brltlsh manufacturers feel powerless
France, Poland and other needy coun-
tries are turning with million-pound
orders for iron and steel.
New-York tribune., 1919-08-01
Copper Market Quiet

The market for copper metal con-
tinued quiet yesterday and prices were
generally unchanged. There were
fresh reports OF orders for the metal
to be placed for German account but
so far as can be learned little business
has been actually placed.
New-York tribune., 1919-08-01
French Cabinet Decides on
Suspension of Sugar Duties

PARIS, July 31.-The Cabinet TODAY
decided to introduce in the Chamber
of Deputies measure suspendine the
customs duties on sugar. The rate
pounds.
New-York tribune., 1919-08-01
Satisfied Judgments

The first name is that OF the debtor
the second that of the creditor ana ~,
date when judgment was filed:
N New York County
Gordon. David. Nathan j. Mar
Inelstein. Isidor w Marmelstein
and Louis NJ. alarmelstein-I
byeF Sept IA. 1915; -;:..... se7s. IS
Co. Aug. 81, ls1I.......... a25 -
New-York tribune., 1919-08-01
Business Troubles

Harris, ar s., Joseph-M. wormser
Hahn. samue G. and Josepb.- 'l7' 81
lost mp Ip, Al Margone Co., Inc. $500
Esto s; 49, purg Bros. 1900
keilI. Tohn D. Nlne 324. 4 0
Katehes Dairy Co.. and Samuel 1's' 80
Jew"tl Mat1-'' c. silver ct al:........ 15e419
wealth Hotel Construction Cor
Kollin 1nhr Adams .::... $50. 20
samnAD 3o"leSs r 5s5 SIS
Locker Wrs ph ppihlilamS d Co. s95. 55
Mendd1 1nlpel d1sohn Co. Inc. sl29.44
Manninr .soll ;;,;,..'.... ..:..... 160.2 %
Deposit Co. Of MaryiandMfPeoS- S
\, ~. 80 e.o .''..'... ............. 1000. 90
O'EeiIl Jobn ~ -, Levy l4250
,, Hotel Construction Corp.' 1s1 An
wealth RI o te Construction
PICK 0scsr-S,;,,,;> :. ''.......-.... 124
Pholopoulos. Peter. and Peter 0 ~
>, Mautjoras-H. Midcka 7so23
Potts. Lena "A. j. Mass $40 -
Para!ta Plays Inc.--Royal Type
Ranney; Frederick Nj and Laura $500
6, mH T. Young ,;.,a:......... 1.o9sss
schaffer. TranS-commo"nSwsee:altb a"Sse: so4'sS
ilotei S9,ns SS9ons'ruGctlon Gn Corp....... 1870
Stn'' l'n'' ,r,s,, s'a','e' 11349
,G,ilr,espry ,;, .,....::.. $3.50
~, ~ az, a., w., ii'DM. klein 1910
-Ebling Brewing 11o 5o7 :.
Windheim. Jacob--Miiitary pun
fishing Co. ............ ,7,,
Mildren, Harriet. and Harry Katz '-i'
People. etc. c...-............... 10000
In Bronx County
N,iied 'ii' i,ru't Co-H. Vedjhe. s6a72
-1iieu J. Fuit to--tI L. tiader. -
New-York tribune., 1919-08-01
Keen Competition for Woods

london advices state French and
4 sisigian buyers are competing kcenly
g mat market for the best wools.
New-York tribune., 1919-08-01
Petitions in Bankruptcy

PcttlOnS in bankruptcy filed yesterday
in United States District Court were as
follows:
FELlCIO FRENGO-An involuntary Pc
ttion was filed against Felicio Frengo.
engaged in the business of groceries and
vcgeta bles 568 West 207th Street. Labil-
ittcs and assets not given. PRINCIPAL
claims: Covert & Cottrell. $685. Austin.
Nichols &; Co.. Inc s462: Howard G. Con-
nelly. SAT-. Dashew & Barnett. Is Park
Row, are the attorneys.
LOUIS ROSENBAUM-A voluntary pc
tition by Louis Rosenbaum. painter S62
East 172d Street. gives liabilities at 2,693
and no assetss. Principal claims: Lenox
Wall Paper Company. $401: Michael Nc
Namara Varnish Works. s4SG; Wheeler
Varnish Works. s26S. Max j. Sakowitz
81 East Eleventh Street. is the attorney.
&eceivers in Bankruptcy
CLINTON PLACE HOTEL COMPANY
Judge John c. Knox yesterday appointed
George w. Clune receiver under 5000
bond for Clinton Place Hotel Company.
conducting Il hotel al SO Sixth Avenue.
THE ARCWELL CORPORATION -
Judge Knox appointed Kenneth NJ. Spence
receiver under $500 pond for the Arc
well Corporation. manufacturers of weld :
ing machines. 5l4 West Forty sixth Street.
New-York tribune., 1919-08-01


Adams Bros. Coal Co. Inc
Charles NJ. Childs & Co. Inc. S19.1 40 AZ
Bronncr. Herman-Bonwit. Teller
Bailey, William WV. w. Bost
wick .............. 1o426
Bardusch. George L.-Broadway
Motor Truck Co. .............. 317. ~
ST. a. Miller .............. 1,o7ss1
Co.--T II. McClain .......... 45ss7
Same--S. A. Greene ............ 45637
Sui.etv Co. People etc...... 1000 90
Fenger. JohIr--D II. S. Coleman. 1880
Forsyth. George - Independent
supply Co. Observation-Disclosures. 695.s5
Co.&Sears & .,'connor ........ 96.s17o 90
Same-N. w. Hill .............. 26. 929. 90
man ................... 1.os7.eo
Gilbert MARI Limited Elec-
trio Light and Power Co... lI2.4S
Gross. j. b. Corporation-D. Pos
tash 7os99
Gross, Iernian-C Charles Broad
way Roass, Inc. ....,. a..... iol''o
New-York tribune., 1919-08-01
Judgments Filed

The following judgments were filed yes
tcrday the first name being that of the
debtor:
In New York County