davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-08-29
Am. Agricultural
Chemical Earns
7.89 Per Cent
Manufacturing Profits Show
Heavy Decrease Owing to
UnfavOrable Conditions
Following the Armistice

For the year ended June 80 last the
American Agricultural Chemical Com
pany reported a surplus after Federal
taxes, charges and preferred dividends,
of S2,49S,773, equivalent to $3.50 share
on the 31,655,20c common stock, com
pared with $35 share earned in the
preceding year on $1S,43O,90O outstand-
ing. The increase in the common stock
capitalization was due to the sale dur
ing the year of 94,S44 shares at par
and debenture bonds converted into
common stock to the extent of 37.3y9
shares
The annual report, issued yesterday.
stated that in making up the 1919 tax
reserve nothing had yet been set up to
provide for the proportion of Federal
income and excess profits taxes applic-
able to the six months ended June 80
but that the Federal taxes assessed for
the calendar year 1913 have been de-
Quoted from the earnings of the COM
panys fiscal year ended June 80.
Manufacturing profits last year were
SS,O3o ,S54, cOntraSted with 11.079,956
the preceding year. The surplus avail
able for dividends was S4,15s,670 de-
crease of $3,952,34S Peter B. Bradley.
president, stated in the report that the
company suffered many adverse condi-
tlons during the period of readjust-
ment brought about by the ending of
the war.
Prices of raw Materials" he added,
"fiuctuated widely, as did many agri-
cultural products, the result being a
general dislocation Of business, to
which the fertilizer industry was no
exception. While prices and demand
were we'll sustained in some sections.
the reverse conditions prevailed in
others. due to the general uncertainties
Of trade and to the anxiety on the part
OF many manufacturers to unload high
cost materials. purchased under alb
normal conditions of war
Moreover, many farmers were loath
to buy fertilizers as freely as usual, an.
ticipating d decline in prices of both
fertilizers and farm products, all of
which conspired to curtail the COM
pany's business in some sections of its
extensive territory"
Owing to these unavoidable factors.
Mr.. Bradley said, the company had to
carry over into the current fiscal year
inventories of manufactured goods and
materlals, from which has been de-
Quoted sufficient amount to adjust
them to approximate market values.
he cost a ton for labor, freight and
taxes last year, he said, increased AZ
per cent over 1918.
New-York tribune., 1919-08-29
Shoe and Leather Men
Would Help in Probe

appointment of general COMMITTEES
to aid the Federal Trade Commission
In Its investigation into the high price
OF hides, leather and shoes was tha
principal business transacted vester-
day at the meeting of the Allied Coun.
Gil of Shoe and Leather Industries
and Trades, held at the Hotel Astor.
The committee Will consist of at least
1--WE men from each of the associations
represented in the council.
Under present plans the committee
will act as a clearing house for the
various branches of the shoe, hide and
leather Industries. The problems CON
fronting the wholesaler, retailer and
manufacturer will be studied for the
purpose of evolving plan to speed
uD production, coordinate different
branches of the industry and discour-
age any profteering that might be dis
covered Closer cooperation between
the manufacturer. wholesaler and re-
taller will also be attempted
Following & thorough study of the
situation IN the various shoe and
leather industries the committee will
offer its services, information and sta
tistcs to the Federal Trade Commits
sion in an effort to aid it to determine
why shoes and leather are quoted at
Iuch high prices.
New-York tribune., 1919-08-29
LEATHER-Shoe Jobbers See
Danger in Present Price Lcrels

Some jobbcrs declared Yesterday
that II shoe manufacturers should CON
tlnue to advance prices thew will he
forced to close their salesrooms
frices, 1t was stated, are so high at
present that a drop in the market
would force many jobbers into bank
ruptcy. 1t was estimated that MANN
iacturers have advanced their prices
~ to 90 per cent during the last three
months. Mems shoes that formerly
SOLD Tor so.72 pair are now quoted
at $3.50 pair. Manufacturers nrices
Tor mems patent leather shoes are
now $3.50, whereas six weeks 900 the
same shoe sold for s4,25. Tad;as,
shoes. jobbers stated, have also ad-
vanced Women's black vici wells
that sold for $3.50 in May we're billed
through last week at $3.50 nair Tha
prices for future orders Of this his sbaa ,.e
1t was said. is $3.50 a pair. '7 '''oe'
Jobbers declare these ranid nr;oo
advances have injected an element of of
uncertainty into the market Az ~
one one knows what conditions will ,o ho
three months hence, iobbers faar te te
order lar in advance lest nr;ce d,o ~
catch them with q hiaA priced 'Ii In atoP aP
goods on hand. ~ A'@'' %
New-York tribune., 1919-08-29
CHEMICALS-Large Sales Of
Formaldehyde; Caustic Soda
Steady

Dealers reported yesterday that large
quantities of formaldehyde have been
sold recently and that comparatively
small amount remains on the spot
market. The price for odd lots is 20
to 2l cents pound, depending on
seller. In some quarters it was re-
ported that manufacturers had con-
tracted for the sale of their output
we'll ahead. Buying of copper sulphate
Tor export to European countries has
been checked by the depreciation in
their exchange rates.
Inquiries for caustc soda showed
great improvement, it was stated, but
active buying has not set in. The ex-
port inquiry, especially from South
America, is encouraging. The price
quoted is still $3.50 a hundredweight.
Glassmakers are reported to have
purchased large quantities of selenium
and consequently about all the stocks
IN the market are in the hands of man
ufacturers. A steady absorption of
blcarbonate of soda by soda water
makers, baking powder people and
druggists has been going on recently.
The. price in barrel lots is 2A cents a
pound and in kegs 2la cents pound.
New-York tribune., 1919-08-29
Credit Men Place
Views Before President
Decrease i'm Government Ex.
penditures One of Many
Suggestions

W. Letters sent last night to President
ilson, members of his Cabinet and
congressman and Senators ut Wash
lngton by J. II. Tregoe, secretarv-treas.
urer of the National Association Of
credit Men, expressed the opinion. as
ADOPTED by the associations executiva
council, which represents 29.5OO bust
ness houses that "the railroads should
oe returned TO private ownership; pro-
VISION should be made for Federal in
corporation, regulation Of security is
sues and interstate rates. and tbere
should be created d Federal transnor-
tat'on BOARD to bring about genuine CO.
oru!na1lon among all rail and water
carriers. ''"'e'
lhat while profiteering may exist to
some extent, 1T does not prevail IN the
extent that it is chief contribu.;nc
cause OF high costs--despite the prom;,
nence gwen to the subject in legisla-
tive circles.
,"Iaxatlon,. power of consumption
winch exceeds production, personal ey,
travagances and lowered efficiency IN
lnaustrles are among high cost causes
hemedles tor the high cost of living
include, first, decrease in cxnend;'
lures of the government so that taya.
may be lowered; second, curtajlmer, a.
esxtravagances; third, prevention Of
labor disturbances
lhe government should keep it's
hands off of business and do NOTHING N
curb personal initiative. which is essen.
tial to the welfare Of the country.
That while there are unprecedented
disturbances to-day, they are merely
projections of the war and do not con.
stitute a cause for business men tn
doubt the soundness of the nation.~
New-York tribune., 1919-08-29
Business Items

One Of the largest manufacturers Of
nationally known brand Of dresses
here is said to be planning the cstab-
llshment of large factory in Canada.
This manufacturer is said to be doing &
slzable business in Canada, but be-
leves that the 40 per cent duty that
now obtains is preventing full eX-
pansion of his sales there. The estab-
Nshment of q Canadian plant is the
result
A Canadian dress manufacturer who
has hitherto devoted his factory to the
production Of low priced merchandise
last week purchased an entire line of
samples from 4 high class dress house
here and is taking them back to Can
ada, where he will copy them.
To arouse retailers to fight the pro-
posed elimination of discounts by WON
ems apparel manufacture John w.
Hahn, secretary Of the National Gar
ment Retailers Association, yesterday
began sending the members of his or
gani2ation a special bulletin on the
subject According to Mr. Hahn and
several buyers. retailers will fight hard
to retain discounts in the womens
apparel trade. Two years ago after
lengthy war between the manufacture
the uniform discounts of . 10 and $40
be observed III the trade
buyers are said to be ready to make
d strong stand for the retention of dis
counts because their departments are
credited with the amounts of the dis
counts. which are considered as part of
the profit in merchandising.
Complaints of thefts from packages
and bales of foreign furs imported into
tins country have become so numerous
that j. ii. Bleistein, president of the
Eur Merchants Association of New
York, has asked the customs authori
ties here TO take steps to safeguard
furs while IN the custody of customs
officials and appraisers. 1t is expected
that all others who handle the furs
from the point of origin to their desti-
nation will be asked to cooperate in re-
ducing the pilferage, which has become
large of late.
Shortly before the spring fur auction
IN London American shipments were
arriving short of articles and some Of
the London commission houses advised
Shippers here to forward furs only on
steamers landing directly at London.
At that time it was believed that pill
terage was rife on the Liverpool docks.
WoiH Cohen, secretary of tho Metro
politan Fur Exchange, will leave on a
six weeks business trip throughout
the country next week. He will visit
trappers and shippers to the concerns
fur auctions. Shipments of goods for
the exchanges next sale, beginning
September 20, are said to be coming in
and from present indications the offer
lngs will reach value of $1,000,0O0.
New-York tribune., 1919-08-29
JEWELRI-Diamontls SHU in
Actire Demand ct High Prizes

Buying OF diamonds continues active
despite high prices. One-karat stones
are reported selling at $500 to s7oo
each, depending on >ut. polish and
purity. Clusters of diamond chips and
snail ama trdal, stones, made into rings, pcndants
ImH ano o! prooches, ""a are selling at prices from
ago. Ae'' year
Diamond brokers and jobbers state
WAY Vl, buying for the trade outside New
~ j. OK thn IS extreme extreme y good. The prosperity
III the farmers sections and the in,
austrlal centres of the West accounts eco t'
ior 5hc large expenditures made for
Jewe,fy' ro 1t was stated. Local retailers
report an excellent business IN
diamonds. Their only comnla;nt :. ~, ~
atffheusy az ". Of getting sufficient quantitv al ity
ra strikes 81. at in Holland and the tempo
rea sons ,.oS1ns Ing. OF many plants for various
cut diamonds in that country p0' o'
New-York tribune., 1919-08-29
Buyers Arrived
register in th columns nv t.rsnho,
hefuo

Bohn: trunks and leather z. goods. s''s b.. =
way ru1na ana b5rrirtya,eeona III, .,,,, Street
Avenu.: Herald square N'' Fifth
tpHlLADELPHTA-I. Yare. piece rood,.
PITTSBURCH-H n. schafer. ee,e,.,
chandise Hcrald Square. ''er-
~, piTiTSkURGH-R. Cohen. general 1,..
Grahsm lace curtain drapo riss snd w w.
ho1s,rry. 1lto broadway. room leoT up
hln"rn. MRS house dresses. xkir,s D
childrcn's ree'ers: Herald Souaro ana
PiTTsBuRGH-Frank & sedsr. I s.d.-
noor e@rS 70 wear sSi Fifth Avenue. 1o,a
PITTsRURGH-J A Mcvallv e.,
y. leD McNaIIy As,yaI wooilens 200 F,th Ayenue
PTTTsBuRGH-Mccreerv Co
T~ansn Tsa1fn. sr,s rass st.. " T Knott 2 E.s. s,
P1TTSBURGH-F r Crane.
Crane silks and velvets. McAipin H.
PORTsMOrTH. y. II a seidon ,,o.,.-
sults etc; Latham. ''aNs.
Braun; J Armsby white goods "a
goods; care Of Dry Goods Allan "@sn IN
goods Co; D. W. Morton ad,,rins d-s Dry
SILKS and cottons; 200 Fifth Ayenge good, qoo,,
Bros, $. cohen. waiipa per. S3muels an IS
ihirty- second Street. room l4lo. "es'
RICHMoND. E,chison Hat CO.
tchison. hats. Breslin 90 j.
ROCHESTER, y Y-sihlov
Curr; Miss e A. Cox. millinery. 81, - t.a;- &
AIsn1T RnT,,r re9in CO, I, :, l6o5 %
CO. a; J Bristol. mfrs. shirts csI..rt sITrant
Pennsylvania. ms coi'ars;
SAN FRANclscO-sin,on r., p 6,
millinery. Woodward. N''non.
sAN ANTONIO. Tes.-sugsr sypn,v
ana ana wonisns S sqssT%sP cjo, bin sensrs % aen.
SAVANNAH Ga-Lssky Co H. eG1ntTai:
sensral s,,s =, mdse Aberdeen. -'''Ns'
nii1ist e, "a, >; o.-Itsniilist & Co.; 9 Gig
sHREvEPORT, La y. Bsnson. M re,o-.,
Tnercha ndise; Elks Club '' d
SPRINGFIELD. Msss-Forhee E w.
lace: Miss NJ. II. Moria-ity. watsts va.
Fifth Avenue. "s's' ~
ST. LoUls-New Era Mfr. Co. J s..
athletic underwear: Pennsvivsnis pa1sinas
=. 81 LoClS-B- Nugont Bros d C -
n. l.. Solomon. mems clothing. 40 Iourtb
ST LouIs-s. Frank piece goods. ro,.
ST. LOUIs-H Friedman Co: II Fried.
man an men clothing and tailoring: Latham,
ST LOUIS-S. Glickman. woieen go.
sGFroLK. Val. l. Elev a-r,oos
SYRACIsE. y. Y.-syracuse n r; co
~ IS. lilla'ns. hosiery. underwear. *
west Thirty fourth Street BroztoN
SYRACUSE. y. Y.-Rosman 60. N-
BOSNIAN. piece goods; Broadway Central
TOLEDO. Ohio-rion y G. co
munro. housefurnishings. china bric-s. s.brar
lamps, lighting fixtures silve~sare .oXs
oaoy carriages. 2S East Twenty-sixth
street, Breslin.
ToLEDo. ohio-J. King. piece goods.
Herald Square.
UTICA. \. Y.-sherman. E & Co f.
A sherman. women's coats suits wsisrs
furs' dresses. children's wear. Coul.AoGore'
WAsHlNGTON. D. C-Lisner !. fpal.
ais Royap; 4. " Whiteiow bargain.
lbas.ment, 22o Fifth Av@rue. rresiin'
" EST EkLY, r. I.-so!omon I. cloth
ing, GregOrlan.
WILKE BARRE. PENN i.s1s.B,r-.
Drysoods Company; Miss z Kee Jay. IN.
fants wear. chiidren's dresses Miss A.
Scnehs muslin, ftannelette. undorwea~: 2s
East twenty sixth Street. room $40
", WI,ASHINGTON-Ben supply Co L.
Bell house furnishings: Con.ueocors
YOUNGSTOWN. Ohio-vay w.. H..
Con- pany; n, B F. stern mems hats Grand
foLNGSTOWN. Ohio--N keere y.o,n.
en- g wear. Continental
New-York tribune., 1919-08-29
TEATILES-More Cheerful
Feeling in Cotton Goods Trade

Although the volume of business
transacted in the cotton goods market
yesterday was only slightly greater
than on the preceding day, the feeling
IN all quarters was more optimistic.
Every one seemed confident that next
week buying will be resumed on a
BRISK scale, and this. together with the
subsistence of speculation, impaired
moro tirmness to the market
Mill agents were more active than
they have been for week, several
sales of gray goods being reported
These consisted chiefly of filling sat
eens, which went to converters at $l6O
q pound for January, February and
March deliveries. There were some
print cloths also sold, the basic fabric
known as 6460s being quoted at II
cents yard, against 1914 cents, asked
by spectators who owne'' stocks.
Virtually all drygoods sold yesterday
went INTO the hands OF consumers, and
TINS tact, precluding additional spec
uiatlon, brought to the market a con-
dlllon described as thoroughly healthy
Some spectators endcavored to nur
chase gray goods, but in most all cases
thelr efforts were met with : refusal
from mil agents, who seem determined
TO trustrate further spec lation by
selling only for consumption.
PrIces quoted by spectators on gray
goods included: 64 Cos at 16A cents.
GS,l2s at 20 cents and so squares at
70 e cents u yard
burlap manufacturers reported an
active demand for their pro :uct from
south American firms, the heavy grades
beng preferred. The 1O-ouncc variety
sold for 17la cents pound, while the
,ess active lightweight stocks brought
10 cents. These manufacturers com
PLAIN of the difficulties encountered in
getting Jut' from India The scarcity
o. rupees with which to pay bills af
fccts the situation.
New-York tribune., 1919-08-29
s'Ahs-Tisiiing Buyers No,o
i" N0rket for Spring Goods

ne appearance yesterday in the silk
market of few out Of town buvers
looking for spring merchandise
Drought some relief from the monot-
ohy or two weeks of comparativ.. in
ac'lvlty:: The purchases, while limited
III nulnner and confined as whole to
d ne" lobblng firms. We're of a general
chafacter' and prices paid were looked
upon rs PROOF that there will be no
lowering of quotations for the sprjnr
season. Some of the larger iobbers 30
SO tar as to predict a general advance
o! ~ per cent in the cost of silk goods.
IN TINS they are seconded by mum
Ger OF the leading mills, whose repre-
seNtatlves made fiat statements that
prices will not recede.
out of town jobbers are complainine
OF their inability to meet demands
rom their customers for an extension
OF credit. IN the years past these
credits have been carried on settled
oasis with maximum which jobbers
would not permit their customers to
exceed. This season retailers are ask,
lnE Tor the same amount of mcrchan-
dlse, but prices have advanced so ma
terally that jobbcr, in order to sell
customers the same volume of goods,
must almost double the credit allow
ance This, they say, cannot be done,
as their capital does not permit the
enlargement. Just what the solution
Will be they are at a loss to say.
broad SILK manufacturers are re-
cclVlng an increasing number of in
quirles regarding spring fabrics, and
these are showing that satin, usually
regarded as fall production, is slated
for extensive wear during the snrinr
and summer of 1920 Request for adj
vance orders received by the manu-
facturers show an overwhelming senti-
ment favorng the better quality corr
pared with the less expensive weaves.
manufacturers of speciality lines re-
ported growing demand for silk
Jersey for spring delivery. JERSEY.
duVetyn, which is said to be especially
ceSirabic Tor Women's sport clothes, is
ceiling at prices ranging from 1925 to
$40 a yard.
Importers of raw silk were increas-
insly optimistic yesterday when the
markets both here and in Yokohama
were revived by fresh buying. While
local purchases were comparatjvelv
light and sporadic, the advance in
quotations was regarded as the fore
runner of a general demand 1t was
pointed out that the American manu-
iacturer is wont to buy when he sees
'"e market rising and the advances of
yesterday, following those Of Wednes-
cay' suggest that buying will materi-
ally increase here next week.
Cables from Japan reported increases
IN quotations which took Shinshiu No,
to S9.25 and Kansai double extra to
5000 a pound. Shinshiu No. was
sald to be scarce in the Yokohama
market due to the decreased summer
production OF the Japanese reclers
Owing to labor difficulties in that coun
try the summer reeling is said to have
been reduced about so per cent. This
shortagc IS expected to be overc.me
however. by the fall rceling, which is
just starting there.
Thrown silk mills took heart be-
cause of the stronger raw silk situa
ton and are confident that by Sep
tember Is demands for their product
Will have materially increased. Sales
yesterday were confined to small ouan.
titles.
New-York tribune., 1919-08-29
Unafraid of Corn Borer

ALBANY. Aug. General optim
ism marked the conference here to-day
OF agricultural officials from all parts
Of the United States, who discussed the
serious menace to the countrys corn
crops made by the recent invasion Of
the European corn borer. Charles S.
wilson, State Commissioner of Agri-
culture, announced it was the consen-
sus that "diligcnt effort would remove
the threatened spread Of the pest anG
ultimately eliminate it.
Commissioner Wilson appointed the
following committee to outline policy
in control work:
c. p. NorgorA, Commissioner Of Aeri-
culture Of Wisconsin: Commissioner
Charles McCatIrce. OF South Dakota;
DR.. Z. p Felt. New York State Ento-
mologist; Professor Charles A. Dean.
Of the Kansas Agriculture College, and
Professor r. W. Harmed, State Ento-
mclogist OF Mississippi.
New-York tribune., 1919-08-29
interpretations

ALBANY. Aug. 9s.-The folow.ns char
'ers were granted to-day b. the reta-y
of State:
mersantie % Ludws ipf igggp H9Tbnrs Nahh1i'sn; M.
Dishl. nj. Ruben r Foge!. New York cii,
aon' s;n' 800. 900; Manhatian, Victor Is Ben
OK i' Robert /" Lake Louis Akersiron,
o'l Vest 18th Street. New York c.ty
Manhattan; sam7 Greene. Hcrs.tn ,,9,5es,
ma mar; Abr Loeb. Woolworth Bldg. Wv
Lounge Inn. Inc SIS. 900. sNsneateles,
~; y, T.; hotel restaurant. garage Keepers.
ssnra.re snrl1 iMsnaseri s,, w e stewart, Helen G.
Liberty Ribbon & Carbon Mfg. corpora
Bon b Hssk}9s ss.59s' = NaHha{tan {yana a Bosl B
Avenue, New York city '''
julius Nueske & Sons. Inc. $4,000;
1uins Muesks foundTy F7ao fact9ay supplies;
Nueske, s5o5 Farragut Street. Sew York
tan, chemicals: Walter J. Waytc. Edw' P
NMseker. d. !. Lewis jr; Liberty Street.
Black hburnc. Inc. $4,000. Manhat,an:
costumers: Mary BlacNpurne. Abraham
Aiienberg: NJ. J. Knoechel. SAT Van Nest
Avenue. The Bronx
91-u,uoV' Manhattan; Benjamin .Farbstein.
Joseph Galowitz, II. r sherman. 1851
~ odN !" ~. -NcW Ork CITY.
Marlboro Sand and Gravel Company
Sooq,ooo, Manhattan. VI. H. Reiss Harold
X Every J. W. kttren Castlii. \. Y.
Brooklyn Max Monfried. Joseph C. Bar
ron. r. Edward NJ. Bernstein. 2ss Broadway
Copp strattan. Inc. s25. 900. Flushing.
carpe nters work: Harry G. Copp. Leroy T.
N,ras.on. Carlton Copp. 3o2 Basside Ave-
nus Flushing. l. /
ooww New Lunch Room Company. Inc. s.o.-
VVo; Broohlyn. Max Linn. Morris Resnick.
i,aVid singer, $os Saratoga Avenue. Brook
Inc, 10000: Ridgewood: George Benz,
PINK. Otto Dirksen. r. /. D Kettles. 1888
;, Joseph Pe,rocelli & CO.. Inc O.ooo:
Man1hattan; M 1nsss food products; Alfred schrosd.
Eastern Parkway. Brooklyn
DAG ler sand and Gravel Company Inc.
S1V,oVo; S,t, "i.liansville: Frank & Bishop.
:. - ,1s,, aoe,h n!snop, Samuel J. Russell. Will
=. Liquid Flower Chemical Company. Inc.
foiIet xa,nrn ntUn*' nrg; perfumes. ehsmicals
York City.
nSra,o Sp nnsti9esrng ntg Corporation slee,e,s;
IS. Fowell Herbert II. Leonard Henry J.
iurne:. Eilicott square. Sew York city.
BrooRIvn ehT9n Len se1by corpora:i9n ssS@oS;
Frankin Bicn Enelewood \ j.
amsburs SILK Corporation. manu-
Ma AZ ttan. George Morris. Clarence II.
can. can. Claude II. Valentine. 5ll West ll5th
street, New York City.
\, Aipereau Corporation. realty. $1,000.
A. Ma ma ttan; James E. Egan. Percy B. Nc
Coy. Edw. E Gilman. l4s Broadway. New
York City
8, Srooker 6no Hospitai supply Company. Inc;
S-.ooo. Manhattan: Eugene u. Brooker.
tsiuofe Neustaedter. Mae DriscoN. SIS
Greene Avenue Brooklyn
-, '.s, Guy a. Moore K Co. Inc. general com
a Moore, H Fitzsimmons. benjamin
CITY
lay Metallic Packing Company. Inc:
manufacture devices for piston peckings
ahN technical inst fusnents $4,000. Man
haitian John II. GuiiaA. William Lawson.
george William Stewart, 605 Flfta Avenle.
New York city.
William Lawson d Co. Inc. s. Geo;
Manhatt an; deal in stocks bonds et>.:
Sohn 81 Gulack. William Law son and
York City
=. Castle Clothing Company. Inc. sl2 500:
Manhattan: William Heller. Charles Jacobs
and Samuel Frankel. IL East ll6th Street.
New York City.
STANDARD Coal Sales Company. Inc. s52-