davidaulloa/AmericanStories huggingface dataset:
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1919-06-02
Ia EcoSoMIoA

Fonda Restaurant = casa dormiio-
rio ETcelen's ssrvicio en somida .
IA carta.
~ Re.'aurant mas popular sn San
Juan por sus servieios = eondimsnia
eidn en- IN eomida.
Tsl6fono lis Restaurant Criato n
dormitorio Cristo IA. Propissario.
Advt. PATRTCTo BI.Asco.
El Mundo. [volume] (San Juan, P.R.) 1919-1990, 1919-06-02

Central! 255 a 81, ell Brujo ojeda. San
Jose 4. Avt.
New-York tribune., 1919-05-28
20 Stimulate Coal Exports

WASHINGTON, May 27-Estab-
lishment Of a department. Of coal ex-
ports to stimulate the export coal
trade Of the country, was announced
to-day by the chipping Board. II. Y
Saint, of Seattle. will be in charge of
the department and has called con-
ference here Thursday Of coal pro-
ducers, shippers and exporters to
discuss the export situation.
In statement commenting on the
new department, the National Coal
hasociation, said representative
operators believed IT would provide
the stimulus neccssary to quicken
production. which Is far below nor
nal. because few buyers arc in the
market.
"The entire world, with tho ex-
caption OF the United States" the
statement said, as in tho throes Of
n universal coal shortage to-day and
only tho most awyeping increase In
production, Wherever coal IL mined.
can avert worldwide suffering next
winter, More than 100000, 900 tons
81 coal could be gent out Of the
united Statos during the remainder OF
inc year, wers there ships enough to
carry It, without meeting In full tho
foreign demand."
New-York tribune., 1919-05-28
Canada Is Buying
Slnipbuilding Steel
Dominion Government Makes
Profit on Contracts With
Pittsburgh Mills
Business NeWs Bureau
.SnecinL Corrcsnnnllc.,cl.


OTTAWA, May 27.-The government
is placing important orders with Pitts
burgh steel firms. AS the price of steel
plates which the Dominion government
contracted for with United States firms
has gone down from 1928 a hundred
weight to $2.75 the government will, on
that account, get its ships little
cheaper than it had anticipated. The
Cabinets contract with the firms at
Pittsburgh called for a maximum Of
$3.25, with the benefit of any reduction
which might take place.
1t s possible that the price will go
still lower The government Will buv
the steel at the Pittsburgh price and
will sell to shipbuilders throughout
Canada at 1926 a hundred weight. This
will mean a profit of $40 per ton, which
the government can apply to the reduc-
ton of the cost of its ships For one
of the standard 8,1OO-ton ships $500
tons of steel plates would be used. so
that on each ship the government will.
save $4,000
AS many of the Pittsburgh furnaces
have been closed down and painted for
lack Of orders to keep. them running.
the government for some time will
have no difficulty in securing any steel
1t may need. Steel is the only ma
terial used in shipbuildng on which q
drop in price has been reported
New-York tribune., 1919-05-28
Business Money

Brokers reported a good days bus-
ness yesterday, though the greatest
buying activity still comes from out of
town. Rates are unchanged at 5 and
bA per cent, with most of the paper
going at the higher figure. Names
not so we'll known" still have to pay
512 per cent
When New York banks are asked
why they are not at present in the
market for commercial paper they will
reply sometimes that they have other
uses for their money, as if they had
the money and were doing something
else with it, or they will intimate that
their funds are too badly tied up al
ready. One bank, for instance, re-
ports that one eighth of its total loans
are loans arising from the last gov
ernment note campaign
The banks find tempting field for
employing their funds in the call
money market. They receive rate
averaging from to per cent, and
Y of / per cent higher on loans on all
industrial collateral. Their funds are
kept liquid, for they can be recalled
at any time. The only chance the
banks take from purely business
viewpoint is the possibility of quite
low rates during the summer, which
they would be forced to accept if they
do not provide themselves with enough
New-York tribune., 1919-05-28

txed date loans at present high levels
Inc banks are evidently in little fea1
of this. Many of them are heavily in
debted to the Federal Reserve Bank
and on their rediscounts there they
pay probably an average rate of AZ
per cent. If money should 20 below
that rate, they would choose to pay of
their indebtedness rather than lend in
the open market. 1t has been sug-
gested several times that the Federal
Reserve Banks rediscount rate may be
raised, partly in order to compel the
banks to reduce their borrowings there
and reduce their loans to the stock
market
The bank acceptance market has
been somewhat inactive in view of the
low rates for call money. The ap-
pearance of new bills continues in
fairly satisfactory amount, and most
brokers can succeed in selling from
day to day as much as they buy. 1t
was denied in one quarter yesterday
that the Belgian $5O,OO0,0OO credit had
suffered hitch in the negotiations.
The substitute explanation offered was
that Belgium was in no hurry for the
money.
Fifteen to sixty day prime trade
acceptances were quoted at 5 and 5A
per cent; sixty to ninety days, and
3 1s per. cent; indorsed trade accep-
tances, AZ per cent, all maturities.
New-York tribune., 1919-05-28
Rubber
improvement in Demand
in Mechanical Rubber
Goods Reported

Local dealers in mechanical ruhber
goods and specialties report an inn
provement in the sale of several lines.
but declare that conditions are far
from normal. Sales are chiefly Of small
quantities. 1t is expected that a better
demand viii develop for some lines
II the present warm weather continues
During the last few days sales of all
types Of hose have been made. with
the smaller-szed garden hose being
most in demand Several small orders
for packing also were reported.
High prices and the expectation that
they will shortly be reduced. the deal
ers say, have been the reasons for their
not placing large orders with the
wholesalers. Under present conditions
they prefer to purchase only their i'm
mediate requirements, feeling certain
that II any price change develops it
viii be in the nature of decline. Some
dealers declare that they have cut their
legitimate profits in an effort to in
crease sales, but that until the last
week or 80 no buying activity upon
the part of the public was apparent.
New-York tribune., 1919-05-28

consumed and the importers stocks are
low once more they will have to buy
again"
Particularly large orders have been
received from Belgium, France and
Italy for American electrical equip
ment within the last few months, ac-
cording to Mr.. McElroy. He explained
that, although the United States fur
nlshed much of this merchandise be-
fore the war, a great deal of the
cheaper grade had been supplied by
Germany.
"Our agent in England recently sent
US an order for cheap sockets" he
said, (which formerly were made in
that country and in Germany. Evi-
IDENTIFY English labor is too high to
produce these sockets now. If they
cannot produce the cheap goods where
do they stand on the more expensive
articles? | think this is an indication
of great trade possibilities in England"
Mr.. McElroy said that within a short
time s7,00O,O0O order for electrical
equipment for Siberia will be placed
in this market. A private concern, he
added, is handling the order, now be
ing translated from the Russian docu-
ments, in which form it was brought
to this country.
New-York tribune., 1919-05-28
Silks
Out-of-TosUn Buyers Urge
SILK Mil Agents to
Hurry Deliveries

Representatives of leading depart
ment stores throughout the United
States who were in the silk goods
district yesterday for the purpose of
testing market conditions also tried
to have the mill agents accept some
orders for fail delivery. Some of the
visitors succeeded in buying quantities
Of remnants for their July bargain
sales and others requested that goods
due for delivery during the month of
July be shipped If possible a month
earlier. But in most instances the
mill agents were unable to agree to
this
An indication of conditions was
furnished by the inability of a visit
ing buyer to have his order for black
satins accepted by a concern with
which he has been dealing for num-
Der Of years. The anxious buyer then
teIephoned to three agents only to re-
ceive the answer that his order would
be taken with the understanding that
the goods would be delivered when
and If received from the mills. The
buyer finally placed his business with
one of the agents on the terms indi-
Gated.
New-York tribune., 1919-05-28

4 extite Mills Are Taking
Bright Colored Dyes in
Larger Quantities {

Greater activity is reported in the
al,s:' ays5tuifa market Textile mills are
large supplies of the various brioht
colors during the next few woeks
Large-lot sales are being made. If i
understood, and, while good supplies
OF most items are available. prices ara
hrm and show an upward tendency
There is considerable demand for the
SWISS wool colors, as we'll as Swiss
auramine and patent blue. Sunnlies
OF these colors are all but exhausted 4
IN the spot market and high prices arr
asked by holders.
Export demand is improving. ori-
entail interests are again in the mar
ket, 1t is said. Their main reouire-
ments are for malachite green, in both
crystals and powder, and methvlene
blue Metanil yellow also is in reouest
Two prominent factors in the exnor+
trade report that their spot supplies
OF this material have been pretty well
taken up by japanese buyers.
New-York tribune., 1919-05-28
Retailers Fight Luxury Tax

Although resolutions to repeal the
luxury tax have been introduced into
Congress, the fight is not yet won, ac-
cordng to the National Garment Re
tailers' Association, and pressure must
be kept up to force the repeal as soon
as possible. This was the consensus
of opinion among members of the as
sociation who met at the Waldorf YES
terday in special meeting. 1t was
decided to keep the tax repeal com
mittee of the association working on
the campaign and to urge all members
of the association as we'll as other re
tailers to continue their protests
against the tax to their Representa-
tives and Senator's.
Plans for the associations next
semi-annunl convention, which will be
held about the first of August were
discussed at yesterdays special meet
ing.
New-York tribune., 1919-05-28
Sale of Electrical Goods
In Foreign Lands Spasmodic
DNPo''er DeheVes Business Will Become Normal
IN Six Months After Buyers Fully Realize
That Prices of Supplies Will Not Fall

r. ORE1GN trade in electrical sun
- plies, though in many instances
larger than year ago. is still far too
small IN volume to satisfy exporters
according to Joseph McElroy, export
sales manager for Pass G. Seymour,
Inc.
The orders come in large erouns
and some of them are extremely largo ),
he said, "but we would like to see q
return to the steady grind of business.
Present conditions are not healthy and
l do not look for return to norm 81
business for another six months or 50
buyers all over the world looked
for decline in prices as soon as hos
tllltles ceased and it is only now dawn
ing on them that prices will not de-
cline, but will mount even hiphor r.
they Huctuate. As soon as this be-
comes more generally understood there
VIII be steady stream of buving. T
think o.
"With the easing up of trade re-
strlctlons many concerns in our line
shipped out, at the beginning of the
year, great stores of merchandise
which had been ordered previously
These stocks are now in the hands of
importers in foreign countries and are
beng distributed. When they are
New-York tribune., 1919-05-28
Early Showing of
Fall Dresses Likely
Some Manufacturers Expect to
Have Models Ready in
Two Weeks

Buyers for retail stores are mani
Testing an interest in dresses for
next fall, according to leading manu-
facturers. For this reason some of
the latter are preparing to show fall
models about the 10th of next month,
or ten days to two weeks ahead Of the
normal fall opening dates.
Fall models in dresses this year, it
Is said, will show wide diversity Of
style, and no one particular fashion is
expected to rule. The present summer
season has been one of diversified
styles and the business has been enor-
nous. Manufacturers are showing
more Of a disposition to bring out new
and original styles rather than to copy
modes originated by the so-called fash
ion creators.
Several new fabrics will be intro
duced to the trade in the fall dresses.
Among these will be the silk duvetyn,
sort of mixed wool and silk velour.
suede finished. This fabric is made
by more than half a dozen leading
mills, and orders for it from the dress
manufacturers are said to be large.
New-York tribune., 1919-05-28
Silversmiths Do More
Despite Advanced Prices

Silversmiths report that sales of
their profits, instead of diminishing
with the recent advance in prices. have
increased to the point where they are
doing more business than ever before
Not all of the silversmiths increase ID
their price schedules following the
recent advance in the cost of CONNER
cial bar silver, but those who continue
to withhold new price lists are maxine
sales conditional upon the price of
goods at the time of delivery.
At meeting of these manufac-
turers at Providence the general silver
situation was considered, but no def
mite or concerted action was taken. It
was the consensus of this meeting, it
ls said, that present prices are by no
means stable and that further advances
can be expected. Factories continue
to be worked with short stats and
most of them are far behind on de-
liveries
New-York tribune., 1919-05-28
Metals
Copper Purchases Esfi-
mated Larger Than Pro.
ducfi0n This Month,

Purchases of copper for domestic
and foreign consumption during the
current month are estimated by a.
leading trade authority at approxi-
mately 125,000,o00 pounds Production
at the mines during the same period
is estimated at 1l0,o00,O0O pounds.
On the basis of these figures a
slight cut has been made into surplus
supplies of copper and the trade is an
ticipating gradual expansion from
now on that should make further in
roads into the large stocks on hand.
Sales of copper have been made for
delivery as far ahead as October;
around 1875 to II cents a pound. and.
for near delivery the metal is held
firmly around 1612 to 1864 cents a
pound.
Little improvement in the foreign
demand IS looked for until after the
peace treaties have been signed and es-
sential credits have been arranged
here which will provide funds for ex-
port purchases.
New-York tribune., 1919-05-28
Leather
leather Prices Continue
to Climb and Dealers
See No Relief

In describing the present leather sit
esticn. tansers declare that there is no
market, as prices are changing almost
nsmentarily. They look upon prices
q dangerously high, but at the same
time say there is no relief in sight
because Of the shortage Of skins for
immediate delivery. Some tanners feel
he,e should be adequate supplies Of
pat and sheep skins available in the
.asa market, bat say they have no in
formation 20 substantiate this belief.
Goatskins it is said, cannot be had
" any prie calfskins are all sold up,
while sheep skins are sold far in ad-
'shcs Of their production. Some tan
asf'ss are reported TO have sold their
0a'pQt Of certain grades Of leather for
as next ninety days.
During the last few weeks raw calf
sA'h has advanced 10 cents IA pound.
.'on % 70 10 cents, and tanners are
~. .s.aetant 80 estimate what the price Of
'als matssial will be when converted
'a's hnissed leather. SheeDskins are
ss3'ed az prices that average about 81
a'1en over those prevailing a month
sao
New-York tribune., 1919-05-28
France Exporting
Big g Supplies of
Cloth to Germany
correspondence Passed by
American Censors Shows
Resumption of Trade in
the Occupied Districts

WITH THE AMERICAN ARMY OF
OCCUPATION, April 2S Correspond
ence OF The Associated Press Ger.
man mail passing through the Ameri.
can censorship recently has been made
up principally of letters relating to re.
sumption of commercial relations with
the United States, Great Britain and
france. Dealings in clothing materials
and articles of clothing take up a pre-
dominant place in the letters referring
to business matters, and from indica-
tlons in the mail it would seem that a
great deal of cloth is being imported
INTO occupied Germany from France
and Alsace-Lorraine.
The head of chemical works in
"lnkei and Wiesbaden, writing to a
New York concern, says that since
commercial relations between the
united States and the occupied terri
tory of Germany are about to be re-
neWed, he desires to order at once sew
eral hundred tons of phosphates. He
believes he will be able to arrange for
the import permit for this shipment.
Quotations f. o. b. at Antwerp or Rot
terdam are requested, payment to be
made from credits which the firm still
has in America.
In circular trade letter bank in
Hamburg says that in event the Ger
man vessels surrendered to the Allies
are not returned it would be the dutv
of the government to replace the lost
tonnage. The letter sets forth also
that the shipbuilding industry is in po-
sltlon to turn out a million tons of
shipping within year. and that ma
terlals, such as lead, steel and copper.
are at hand in sufficient quantities to
carry out this programme.
Shoemakers throughout the American
occupied area recently have been buy
ing leather scraps from the Sd United
States Army, this leather having been
abandoned by the German army after
the armistice In Coblenz alone it is
estimated more than $1,OO0,000 worth
of leather was found by the Americans
IN the various storehouses of the Sth
German Army Corps
According to the letters, there ap-
pears to be no shortage in Germany Of
metals, such as steel, iron, zinc and
TIN, and there are enormous stocks Of
machinery of various kinds on hand.
Lack of coal and inadequate transpor-
tation facilities. such as shortage of
freight cars, are the deciding factors
in curtailing the business and indus
trial activities of the country
New-York tribune., 1919-05-28
Chemicals
Exporters Take Moderate
Quantities OF Chl0rate
Of Potash

Moderate sales of chlorate of potash
for export account are reported Prices
continue at 25 to 80 cents a pound for
prime American material Limited
quantities Of yellow prussate of pot
ash are on the market at 80 to 35 cents,
Red prussiate of potash is quoted at
85 to 90 cents, and small quantities
only are obtainable
Prominent manufacturers have mnde
reduction in the prices OF acetic
acid. The commercial 2S per cent va
ricty Is quoted at 2% cents pound
for carload lots and up to 3 cents In
smaller quentitica. The 56 per cent
test Is oTcrcd at bM cents in carlots
md Mt cents in less than carots.
There has been a decline Of ~
cents in the price Of formaldchyde.
Leading producers are accepting now
bnAincss for prompt shipment on the
basis Of 20 cents.
New-York tribune., 1919-05-28
Jewelry
June Sales of Je,velry ond
SIueraUare Expected to
Break Records

Buying of all grades of jewelry and
silverware for June wedding and
graduation gifts has started much
earlier than usual this year Reports
to this effect have been received from
retailers throughout the country.
Several of the larger concerns, which
both manufacture and retail their
goods, state that from present indi-
cations next months business will es
tablish new records
In anticipation of this business re-
tailers were in the market several
months ago placing large orders.
Rings, watches, match boxes, cigarette
cases, lavallieres, necklaces and var
lous sypes of silverware are the most
popular June gifts, according to
orders received by the manufacturers.
Jobbers declare that they are mov-
ing their stocks as fast as they are re-
ceived, but they are unable to keep
up with the demand from the retailers.
In describing the unusual business
they are receiving now, the jobbers
say that it is not Indicative of buy
ing activity in any particular part of
the country, but is general. Because
of their desire to have goods delivered
at as early date as possible retailers
continue to visit the local market. In
other years. it is said, they would be
content to await the periodic visit of
road statesmen of the manufacturer or
wholesaler
New-York tribune., 1919-05-28
Meetings and
Conventions

WASHINGTON, May 27.-Business
ethics, export and import trade COM
binations and banking and credit facil-
tiles as affecting the future of trade
between the United States and Latin
American countries are included among
the subjects to be considered at the
second Pan-American commercial con-
ference, which will convene here next
Monday under the auspices of the Pan
American Union, according to an an
nouncement of the tentative pro-
gramme to-day by Director General
Barrett.
Speakers on the programme as an
nounced to-day include Speaker Gil
lett of the House and Beltram Matthew.
Chilean ambassador to the United
States, who will address the inaugural
session; Secretary Redfield, Chairman
Hurley, of the shipping board Henry
p. Fletcher, ambassador to Mexico;
Charles NJ. Schwab, president of the
New-York tribune., 1919-05-28
TELEPHONES.
Beeknnan 8243
Beeknan 5000
Money Plentiful i'm
Dutch East Indies.
Exporters Are Told
Commissioner Points Out
Opportunity for Ameri-
cans to Sell Manufactured
Products i'm Those Islands

Good crops in the Dutch East Indies
have provided the inhabitants of tbs
islands with plenty of money to mn
cnase manufactured articles not pro-
uucea there. For this reason, X. F.
van Den Bergh, trade commissioner
from the Dutch East Indies to the
United States, told members of the
Export Managers Club of New York
Yesterday those islands present an ex
eeuent market for Americans to cult
vate. Speaking at a meeting Of the
cluo IN the Bush Terminal Sales Build
ing, MIR. Van Den Bergh said that al
most every manufactured article finds
ready sale in the islands, which are
mainly agricultural and depend upons
outside countries for their manufact-
ured merchandise.
lhere is special opportunity at
present, he said. to export iron and
steel products to the islands to sup
plant the normal supplies which came
from England and Germany. Railroad
equipment also is needed. but the gov
ernment is handling such purchases.
American textiles are wanted in large
quantities, Mr.. Van Den Bergh said.
particularly cottons, since most of the
4o,00O,O0O natives wear cotton garments
almost exclusively, but he cautioned the
exporters to bear the difference in
races in mind in sending goods to Java
ana the other Dutch East Indian pos
sessions. Only 100000 of the inhab-
ltants are white, or Oriental. Shoes,
Tor instance, might be worn by this
100000 of people, but not by the
100000 natives.
Other things which the islands can
use are electrical appliances and sup
Plies, fertilizers, drugs, confectionery
and automobiles "American EXPORTS
TO the Dutch East Indies have been
good" said Mr.. Van Den Bergh. but
they should be increased two or three
times their present volume"
The islands are in excellent financial
shape, he added, and present no credit
difficulties to the export manager. Or
ders can be paid for through letters of
credit issued by the Dutch East Indies
banks, who are willing to lend money
to importers there at the rate of per
cent or lower. There is no need OF
extending so and 80 day credits to
Dutch East Indian importers, although
the spot cash basis, upon which trade
has been based during the war. may
now be superseded by some credit
concessions through competition.