davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-01-11
Chileans in American Shoes
U. S. Now Supplies 80 Per Cent
of All Imported

The United States is now supplying
about 80 per cent of the shoes imported
in Chile, according to the Bureau of
Foreign and Domestic Commerce,
whereas before the war our share of
this business was less than 20 per cent.
A report issued by the bureau says:
"The extent and permanency of any
future increase in the volume of our
sales of footwear to Chile will depend
directly upon the amount of interest
that manufacturers take in the Chilean
market Inasmuch as American shoes
now occupy the principal place in the
market, the extension of our trade is
concerned chiefly with continuing and
making even more mutually satisfac
tory the existing business relations
with Chilean shoe importers, and sec
ond, securing a larger share of the
total footwear consumption of the
country by demonstrating the superior
ty of American shoes. Well directed,
consistent and intelligent advertising
can be used to advantage by American
manufacturers in attaining both OBJ
iectS"
New-York tribune., 1919-01-11
Lull i'm Wholesale Trade
Uncertainty of Price Trend a
Retarding Factor

A considerable lul in the wholesale
trade has been noted during the past
week, following the very active holiday
buying, according to "Bradstreet's'
weekly trade review. Meanwhile indus
try in general maintains waiting atti
tude, the matter of price uncertainty
still acting as retarding element in
the matter of purchases by the jobbers
and retailers throughout the country.
The latter continue to do business on
q "hand- o-mouth" basis, as they have
been doing since the early return of
peace conditions became possibility.
Even such industries as have completed
the readjustment from a war TO q
peace basis are making haste slowly"
and prefer to guard against sudden
changes in conditions rather than
strike out in any definite direction on
a large scale.
In face of this condition there is
general satisfaction in all branches of
trade that collections are unusually
good. At the same time comparatively
few failures are noted.
The attention of domestic business
interests is being directed in an in
creasing measure to the export field,
from which it is expected the impulse
for stable growth for trade and in
dustries will spring, says "Dun's"
weekly review of business. In this
connection vigorous campaign for the
extension Of American commerce
abroad is now in process of develop
ment.
New-York tribune., 1919-01-11
c ON m o dities
/ N d IL S tri al
Cotton

A sharp break in the general level
of prices, with March contracts selling
Oft to 26.14, or 106 points net lower. and
closing at that level, and the list as
a whole closing easy at net loss Of
80 TO l20 points, featured the cotton
market yesterday. Selling was more
active and aggressive than for some
time past. Unsettled labor conditions.
of which the strike Of marine workers
an the harbor here is considered AN
Indication, were partly responsible for
the selling from Wall Street and local
sources, while there also was selling
on the theory that prices are too high
to be maintained under peace condi-
tions.
Failure of trade demand for goods
to develop more actively with the turn
of the year has been a disappoint-
ment to those who have been holding
cotton for rise. and as a result there
was little support around the ring yes
terday, although the French Commits
sion and some of the domestic trade 't,,a,
interests were moderate buyers on the
afternoon decline.
The market opened steady at an ad.
vance OF 20 points to decline of 8
points, which was poor response to
1lrmness In Liverpool. 1t broke inn
m,ed!Iiateely after the local opening
while houses with LIVERPOOL conncc-
tons were good sellers here. and
there was also some scattered sellinp
for Southern account. AS prices
worked lower offerings became more
general and stop orders were nn-
covered on the decline, which carried
March contracts back to within IA
points OF the lower level reached on
Monday. vi
Favorable Southern spot advices
were supposed to refer chiefly to the
better grades of cotton. but local spot
people said that the break here did
not reflect. any change in the general
attitude of Southern holders.
Exports for the day were S.107
bales, making 20O5.534 so far this
season. against 2.214007 last year.
Southern spot markets as officially
reported were unchanged to rs points
lower ''''''
The local market for spot cotton was
quiet and 95 points lower at 80 90c for
mlddling upland, compared with 31.85c
the day before and 3269c the year be-
fore
The of
New-York tribune., 1919-01-11

Ever since the market touched a
low point a year ago last December.
there has apparently been solid buy
ing of securities by investors who
do not look for profits in eights and
quarters. 1t has been at intervals,
and on declines, and especially not
able in the last few months, and
since the armistice was declared. 1t
is buying for the long pull by the
class of people who are not always
looking to buy at the bottom. 1t has
been highly discriminating and has
saeant transfer of holdings, in
many instances, from one type of
company to another. 1t is the kind
of buying that usually goes on in
dull markets.
New-York tribune., 1919-01-11
Other Cities

Pennsylvania Railroad NFinancine An
proved.--TRENTON, N. j., Jan. 10
An application of the Pennsylvania
railroad Company to issue in New Jer-
sey It's general mortgage bonds to- the
amount of $50,00O,0OO was approved to-
day by the Public Utility Commission.
Inc bonds have already been sold. The
proceeds of the sale of the bonds is
to be devoted to reimbursing the com
pany for the capital expenditure made
netween April, 1917. and October 81.
1918, not covered by any prior issue
of securities. The funds thus secured
are also to pay for the additions and
improvements to the company's prom
erty throughout the country.
Another Popular Loan Assured
WASHINGTON, Jan. 1O.--No consider
alton IS being given to a proposal to
float the fifth Liberty Loan through
the banks instead of by popular sub
sscrlption, Secretary Glass said TODAY.
Plans are being made for floating the
loan as in the other campaigns. but
the exact date for starting the cam
paign has not been determined.
New-York tribune., 1919-01-11
Flour and Neutrality-suspicious. were:
Butter, Cheese and Eggs

Butter Receipts were S,S45 pack
ages. Creamery, higher than extra, 70
M7012c; extras. 92 score, 6912c; tirsts,
8S~ to 81 score, 65M69c; seconds, 50
tc 81 score, 61064c; lower grades, 81
M60c; unsalted, higher than extras, u
q 7272c; extras. 71M71 12c; frsts, 66@
zoe; seconds, 61@65c; state dairy tubs
finest, 671sQ6S12c; good to prime, 63@
66e; common to fair, 52M M62c; reno
waited, extras, 54c; firsts, 50d52c;
lower grades, l44M48c; imitation cream
cry, f1sts, 48a49c; ladies', current make,
tirsts, 461a M473&c; seconds, "a 4 9@l45c;
lower grades, 42@44c; packing stock,
current make, No. /, 44c; No. 2, 43c;
lower grades, 37042c.
Cheese.-Recepits to-day 2,0S9 boxes.
State, whole milk, fresh flats, specials,
colored or white, lb, 37lzc; average
run, 361a r. 37c; lower grades, 1896;
twins, specials. 377ac; average run,
SO 1s 037c; lower grades, 33G36c; fats,
held, 37R@38c; twins, held, 371s@
38c; Wisconsin, whole milk, twins, held,
3703Sc; single daisies, held $50
381ac; fresh, 37& @38c; double daisies,
held, 37h@38c; young Americas, held,
39@40c; fresh, 3832 @40c; state, skins,
specials, 28@29c; prime to choice, 26@
2f72c; fair to good, 20G25c; low9s
grades, 12@)18c.
Eggs.-Receipts to-day 1902 case'.
extra frsts, 69@7Oc; frsts, 67@6SG
seconds, 62@66c; dirtiea No. l, $50
soc; No. and poorer, 53a57c; cheeas,
good to choice, dry, 5O@51c; unds'
grades 43@49c; refrigerator, 43@5se;
state, Pennsylvania and nearby Wssa-
ern hennery, whites, fine to fancy,
75Q76c; ordinary to prime, 6a@!S;
gathered whites, ordinary to fine, 6e@
74c; pullet whites, 65069c; Pacific
Coast, whites, extras, 75c; lower
grades, 6S@74c; Western and South
ern, gathered whites, 66M73c; state.
Pennsylvania and nearby hennery,
browns, 70@73c; gathered brown and
mixed colors. 66@71c.
New-York tribune., 1919-01-11
Leaders of Copper
Combine to Go Abroad
Will Establish United Selling
Agencies and Survey Euro
pean Markets

committee representing the Cop
per Export Association, Inc, will leave
for Europe shortly to consolidate SELL
ing agencies and make a survey of con-
ditions, it became known yesterday
The committee consists of C. F. Kelley,
president of the Anaconda Copper Com
pany; j. R. Clendennin, ice-president
OF the American Smelling and Refining
Company; Solomon Guggenheim, of
the same company, and r. L. Aggasiz,
president of the Calumet and Hecla
Mining Company. The proposed trip
to Europe has been under discussion
for the past ten days and final de-
cision on the matter was reached yes
terday.
Those in close touch with the copper
industry are of the opinion that the
committee, besides attending to the
consolidation of selling agencies, pur-
poses to obtain information at first
hand concerning the market conditions
for copper in the various European
countries. 1t is also understood that
the committee may take up the matter
Of copper prices with the various Euro
pean purchasing committees.
1t has been matter of grave con-
Germ to the copper producers that since
the formation Of the export association
practically no copper has been bought
Cor European account. The association
il will be remembered, was formed not
alone to facilitate the export OF the
metal and avoid duplication of effort
but also to enable the producers to
present united front in meeting the
combinations of European purchasers.
AS matters stand at the present time, a
deadlock between the two opposing
combinations has come into existence,
and it is probable that the committee
representing the American exporters
will try to come to an understanding
with these foreign purchasers.
Aside from this, there are numerous
other questions that must be settled
by the export association preparatory
to its entering the foreign field on
large scale. 1t is pointed out that no
sales organization has as yet been per-
fccted in Europe, and the committee
will undoubtedly also take up this mat
ter while it is abroad.
New-York tribune., 1919-01-11
International Insurance
Company Is Sold

:, A. Mitchell Palmer. Alien Enemy
property Custodian, announced yestcr-
gay that the special advisory commit
tee for fire insurance had indorsed h;s
sale Of 200 shares of capital stock Of
the international Insurance Comnanv
to Crum T. Forster. The sale tool
place November 81 Crum & Forster
were the first bidders to qualify. The
Chase Securities Corporation was the
second and the highest bidder. The
stock s, already had been sold, however.
Then complications developed, as it
was alleged that the attempt to put an
snd TO enemy control of the concern
had been unsuccessful.
New-York tribune., 1919-01-11
NJ a rkets and Commerc
Relevant Comment
Coffee Trade Outlook Brighter

In his annual report to the members
Of the New York Coffee and Sugar Ex-
change, Stephen H. Dorr, president,
states that the last year has empha-
sized the Importance of that market as
a stabilizer of values. This, hes says,
was demonstrated by the fact that the
United States Food Administration,
after the liquidation of outstanding
contracts under it's instructions, was
anxious and willing for the exchange
to be reopened without restrictions of
any sort. eve therefore believe" adds
Mr.. Dorr. "that in future there is very
little chance of government inter
ference, and feel we can look forward
to steady and healthy growth of our
business" He points out that the
highest price for coffee futures in 1918
was reached in December, when May,
1919, coffee sold at 1850 cents a pound.
The low price was in February, when
March sold at TAI cents.
New-York tribune., 1919-01-11
Canada Borrowing at Home

Canadian financing in 1918 was
done largely in the domestic, market.
Total borrowings of all kinds-Domin
ion, municipal, orporation-aggregated
$775,356,361. Of the securities sold
s727,446,a61 were placed at home, these
representing chiefly the war financing
of the Dominion. Canadian borrowings
in the United States on new security
issues amounted to s33, 100000, accord
ing to "The Monetary Tines which
compared with STA, 4,7O8,365 in 1917. Ca
madam borrowings in the United King
dom amounted to $14,600,O0O, against
$5,0O0000 the preceding year. 1t is
estimated tlmt of the fifth Canadian
war loan approximately $25 100000 was
placed in the United States.
New-York tribune., 1919-01-11
Bank Deposits Doubled

Out of approximately 10000 banks
and trust companies in the United
States, 232 have deposits in excess of
$15,0Oo,oOO. The aggregate deposits of
these 232 banks, as compiled by the
statistician of "The Financial Age"
amount to s12,430, $4,000, an increase
since 1914 of $4,000 900, or 80 per
cent. Twentyfour national banks, six
teen txust companies and ten state
banks in New York are on the list with
combined deposits of $5,5S7 ,566,OOO and
there are six institutions in Brook
lyn with total deposits of s151, ,349, 900.
New-York tribune., 1919-01-11
W all Street Items

w. S. Kies, vice-presdent of the
American international Corporation,
sailed yesterday for three and one
Kies will study the business, financial
and trade conditions in the principal
countries of that continent.
Russell Brittingham, vice-president
of the Equitable Safe Deposit Com
pany, has been elected president of the
New York Safe Deposit Association,
and Samuel E. Martin, of the Peoples
Trust Company of Brooklyn, and Wal
ter J. Barows were elected vice-presi-
dents.
f. C. Walcott, vice-president of
Bonbright & Co., who has been asso-
ciated with Food Controller Herbert
Hoover in the work of the United
States food administration, is leaving
for Europe to take charge under Mr..
Hoover of the relief work for Poland,
Mr.. Walcott will meet William P. Rom
bright in Paris.
Lowell Mason has been released
from the United States Army and has
become associated with Theodore T.,
Bronson, 10 Wall Street. >
The Federal Reserve Bank of New
York has purchased the Fahys Build
ing, at 52-54 Maiden Lane and 90 to RI
Liberty Street.
Logan & Bryan have opened their
seasonal branch office at Hot Springs,
New-York tribune., 1919-01-11
Norway BUYS Here

The first shipment Of American
ouse-building materials ever sent di-
rect to Norway has recently gone for
ward, according to the Bureau Of For
eign and Domestic commerce. It i'm
cluded 100000 feet of yellow pine for
the construction of wooden buildings
and 1900 pounds of American tile
and ceramic flooring; also carved in
teriors in quartered, oak, mahogany and
satlnwood. A company is being organ
ized to carry stock Of American
building materials at Christiania, Be
gen and Trondhjem.
New-York tribune., 1919-01-11
> u S t e IN a N C e
Cereals

Wheat.-The movement of wheat at
interior points is falling off somewhat.
put receipts are still running much in
excess OF last year. 1t seems to be the
prevailing, opinion that farmers will
want to clean up their holdings of old
crop wheat during the spring months.
especially as at the present time they
are, III mcst cases, securing consider
aple premium over the government
minimum fixed price.
Corn.-An official report that the
War Trade Board has removed all re-
strictions on the importation of AR
genuine corn into the United States
caused further heavy selling in the
corn market early in the day and prices
experienced decline of two to three
cents, making a net loss of 6at to
II ssc from the high point of Tuesday.
Bears apparently became over-enthusi-
astlc on the turn of events, however.
ana when they attempted to cover they
found little corn for sale, and subse-
quently the market rallied and closed
strong at net unchanged to lAc ad-
vance,
A cargo Of Argentine corn was
offered to Atlantic ports at Sl37 cost
and freight, and it was the prevailing
impression that If tonnage can be Sc
cured for the transportation of corn
the Eastern demand will be supplied
New-York tribune., 1919-01-11

The above rates express the cost of
foreign money in terms of the Ameri~
can dollar. You buy an English pound
sterling, say, at $4.7580. The intrinsic
parity is 4.S6% per pound. Thus yon
say either that pounds are at dis
count or that dollars are at premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coup.
try for pounds with which to settle
accounts IN rnglanu.
New-York tribune., 1919-01-11
Waiting for Recognition

One Wall Street banker, whose name
was not included in the list OF Ameri-
can chevaliers of the Legion of Honor
recently made public by the French
government, jokingly remarked yester-
day that he still might be awarded the
iron cross" inasmuch as his institu
tion has not been mentioned in connec-
tion with the recent disclosures con-
corning. the uses of German propa-
ganda funds in this country.
New-York tribune., 1919-01-11
range of prices follows:
Livestock, Meats. Provisions

Following arc yesterdays prices. compared sas
those OF year ago:
Yesterday. A year ssN
Lave steers. fair 70
prime, 100 H. 1900 4Sf8.sg Ss.75 @sis'"
Dressed beef. sides. a
~. ~ Q .Ie .s@ -
Idvc-scRas common
10 prime 400 ID 1900 a 1890 1880 a
Dressed veals. city. 81
Lave ewes. loo ID e.00Ss li.00 fi.eo
liye lambs. fair 10 80
prime, 100 lb 1850 ID 1888 1850 'sS
Dressed mutton 10 .iS ep "a rs q -
Dressed lainhs, city. a
can. rs - -. - .24A@ .asss ..ss!.& .aH H
Mes sssf; sps, $500 u $500 si.So = s''s
' il. .'sa's wsss Assoc ss.scs stsss
New-York tribune., 1919-01-11
Texas Land Trust Decline

Texas and Pacific Land Trust certifi-
Gates, which have been rising fantas-
tically for several days, showed yester-
day they could $50 down as we'll.
They broke so points to 250 on 130-
share turnover Advices from Texas
were to the effect that lands of the
oil fields, as Wall Street had been led
to suppose.
New-York tribune., 1919-01-11
COTTON STATISTICS

Liverpool cables: Spot cotton in
more demand; middling 81 points
higher at 19s 36d; good middling un
changed at 2090d. Sales, 1000. Amer
lcan, 1000. Imports. 5000, all Ameri-
can: Futures opened quiet but steady
at l point advance to points decline.
Closed barely steady at a net decline
OF ~ to 33 points. January, 1910;
February. 1910; March, 17O6; April,
lo.oo. Manchester: Yarns, more in
quiry, but not much doing; cloths. not
much doing.
New-York tribune., 1919-01-11
Coffee, Sugar and Tea

Coffee Futures.-The market ruled
generally irregular but with decided
ly easier tendency. After opening st
decline of 5 points, values during tne
morning worked up and down, depend
ing upon the character Of the orders.
Late in the afternoon, however, there
was renewal of selling, coupled VITA
rather free offerings from recent Dssa
operator and prices declined Sharply
showing net losses for the day of 22 10
80 points.
The range of prices follows:
New-York tribune., 1919-01-11
Dividends
Regular Declarations
A Popular Node of Saving

The Christmas Club idea resulted
this year in the saving Of $l80, 900 900,
" has been announced. 1t has expand.
ca IT'S scope considerably since ii was
nrst conceived in 1910 by Herbert r.
HawIl, who IL 1T present lieutenant
in the aviation service.
New-York tribune., 1919-01-11

Fsnm all parts of the country
comes word of the increasing ac-
tivity of wildcat promoters and
every kind of stock swindling games.
1t has reached such point that the
New York Stock Exchange, as noted
in yesterdays columns, has launched
campaign against these fake pro-
motions, and the members of the
Exchange are urged to include in
their market letters and in public
advertisements, warning against
these mushroom enterprises. This
follows the public statements of both
Secretary McAdoo and Secretary
Glass, and the recent report of the
Capital Issues Committee. The oper-
ations of these stock swindlers are
especially directed against the hold
ers of Liberty bonds who are in
duced to part with their government
issues for rainbow enterprises in
oil, copper and similar lines; and
they are reported to have already
made a rich harvest.
New-York tribune., 1919-01-11
News Digest
Foreign

paris Bourse Busy.-PARIS, Jan. 10.
:, Iradlng was active on the Bourse to-
cay Three per cent rentes sold at 81
'rancS 90 centlmes for cash; per cent
Ioan Drought 90 francs 70 centimes.
...s&g .GAonahge & on London was quoted at 25
francs 50 centimes.
New-York tribune., 1919-01-11
The Dollar in Foreign Exchange

Neutral exchanges were slightly
frmer in a dull market yesterday
Other rates were unchanged.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1919-01-11
Increased Tobacco Costs

A statement prepared by the United
Cigar Stores Company relative to in
creases in manufacturing costs due
to war conditions shows that labor, in
Guiding wages of cigarmakers, packers.
strippers and other factory help, has
advanced on an average so per cent.
The price of leaf tobacco has been ad
vanced by departments as follows:
Filters on domestic cigars, 100 per
cent; filters on imported cigars, 108
per cent; binders, 1870 per cent; wrap
pers, domestic tobacco, 1873 per cent;
wrappers, Sumatra type, 81 per cent;
wrapping materials, including boxes and
labels, Sc per cent; sundries to COM
plete packing. SO per cent; freight. 25
per cent; internal revenue, including
the average increase in differential tax
calculated under the present schedule
of 1000 cigars of various classifica-
tions, 1873 per cent. Continuing, the
statement says: "The available supply
of leaf tobacco from which all grades
of cigars are made is depleted the
world over, and we vision no immediate
reduction, either in the cost of raw
materials or in other items of manu-
facture."
New-York tribune., 1919-01-11

The Standard Oil Company finds
reason to reduce the export price of
refined oil one cent per gallon.
New-York tribune., 1919-01-11
Stromberg up on "Big Board"

The Stromberg Carburetor Company
which made its initial bow on the
Stock Exchange yesterday, reports for
the nine months ended September 80
last net profits of S431.533 and bal
ance. after taxes and sundry expenses,
of $352,000, with a surplus of S1,31S,-
1873. This is the second of the Allan
A. Ryan motor enterprises to find a
place on the "big board" At it's clos
ing quotation of 371a, the stock showed
net gain over the last sale on the
curb Thursday of q.
New-York tribune., 1919-01-11

Commercial papsr.~-TM average run
81 eonlmereIaJ paper ix being dis-
counted on a basis Of 5M 10 J5M per
eeJif Interior banks are the largest
Dugers ~ the present time.
Bank Aceepfsnces.-y There is an &c.
i've demand for bills seIigIble for re-.
New-York tribune., 1919-01-11

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1919-01-11

discount at the Reserve Bank. Rates
yesterday were unchanged as follows
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Fer cent.Per cent Per cent.
E Ii gi Bile
member
banks ....4h@4 4h@4n 4h@4Ns
K grb G
non-mem-
Der banks.4A@4Is 4ss@4I4 4ss@4h
Ineligible
bank bills.5h@5 5Ia@5 5h@5
For delivery within so days:
Per cent.
Eligible member banks. .4Is
Eligible nen- member banks. .... .4}s
Ineligible bank bills. ..6
New-York tribune., 1919-01-11

The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates which
apply to bankers acceptances: Ma
turtles up to Is days, per cent; 16 to
60 days, inclusive, Az per cent; 61 to
80 days, inclusive, 4 u per cent.