davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-03
Silks
Buyers Willing to Pa,
High Prices for Silk
Goods

Despite the high prices the jobbers
demanded for dress silks, trade yes
terday was as active as the limited
supplies permitted. Most of the buy
ers in the market seemed anxious to
get goods before the triple holiday at
the end Of the week set in. Some of
the jobbers have advanced prices on
the popular weaves Is to 20 per cent,
particularly georgettes, crepe de
chimes and satin faced fabrics. The
jobbers asserted that these increases
had been rendered necessary because
the few manufacturers who have con-
sented to sell goods for delivery during
the months of October, November and
December have advanced their quota
lions 25 per cent.
Many jobbers and retail dealers we're
in the showrooms of the reading manu-
facturers asking that consignments
due month or two hence be delivered
at once, but the mill interests made
it plain to their impatient customers
that shipments were being made as
rapidly as possible. Goods they said
would be forwarded as soon as they
could be obtained from the finishing
plants. Most of the mills in the
metropolitan district when they cease
operations tonight will not resume
work until Monday morning.
New-York tribune., 1919-07-03
Jewelry
Larger Imports Of Semi
Precious Stones Cheer
N0ueLty Je,Uelry Trade

Recent arrivals from abroad of ship
ments of sen;-precious stone. and
beads much needed in the manufacture
of novelty jewclry nave brough. en-
courAgement TO some branches Of the
jewelry industry. Fo. some TIM the
shortage of colored stones, both pre-
cious and semi-precious, has been
growing more serious. Several of the
leading jewelry makers are now abroad
combing the foreign markets for sup
rlies.
Within the last few months several
of the big importing houses catering
to the wants CT the iewelry industry
lave been negot ating with interests in
Czecho-slovakia for the purpose Of OBJ
tanning stocks Of sem precious stones
hat were known to be held in tn. for
mer Austrian territory. These negotia-
tlons have in part been successful
During the last week a good sized con-
slgnment OF stones has been received
here. Jet and crystal beads which dur
ing the war were obtained in relatively
small quantities from Italy and Japan
.re now coming through from Czecho-
S!ovakia. These beads never were
made in large quantities in this coun-
try. Before the war the better grades
were bought in AUSTRIA
Manufacturers of imitation pearls
report that their stoc1s are rapidly de IL.
creaslng. Th. supply of essence of
Iearl is at a cw point, they say an,
there is nothing to indicate .nat addi-
tional stocks will &c received from
Frame or Russia for some time Re
cent one manufac "1rer received q
consignment of this essence from
Paris, but it vas comparatively small
New-York tribune., 1919-07-03
Boston Dealers
Look for Wool
Prices to Hold
Cloth Shortage Expected to
Keep Mills Under Press.
ure for Months; One Con-
cernBooked Till February
Business Netcs Bureou
Special COrrespoudeuce

Business Netcs Bureou
Special Correspondence
BOSTON, July 2.-Orders on hand
VIII keep the Old Colony Wooden Mills
busy until February /, 1920, according
70 THOMAS p. Eaton, treasurer Of the
concern. The organization has mills
at Sangerville, Me-, and Rochester,
N. H., which manufacture fancy cassi-
meres, mems wear suitings, overcoat-
ings and fine woolens. Mr.. Eaton said
that one single order for next springs
delivery called for $500 pieces of
clotn: The company now is shipping
a.oo0 yards of goods weekly, at which
rate its annual turnover in money
value will amount to approxir1a ately
$2,000,0O0.
Expect Prices to Hold
Boston wool dealers are convinced
tnat prices of raw wool will not de-
cline for at least six months, and some
put 1t as far ahead as eighteen months.
This reasoning is based on the lack of
stocks among retail clothiers, clothing
manufacturers and cloth mills. The
latter, it is said, usually have from
nine to twelve months supply on hand,
but at present have no surplus stocks.
The wool dealers believe shat the eff
forts to supply current demand for
cloth and clothing, as we'll as to accu-
mulate surplus, will cause double
demand for wool. Prices are expected
to exceed the highest wartime levels.
The Union Wool Company here has
purchased many of the choicest clips
IN Montana at 62 cents, record price.
those who refused to buy the Montana
cups at this price, and waited for a
decline, will be compelled to pay more
now, it is said
WOOL dealers, generally, are glad
that the government auctions have
ceased. When the auctions were in
progress they formed almost the sole
source for obtaining spot wools, but
owing to keen competition the deal
ers, yarn spinners and cloth manufac-
urers were compelled to pay higher
prices than they really wished to give.
Also in making purchases Of the gov
ernment 1t was necessary to make out
certified check soon after the buy
ing had taken place, thus tying up a
large amount of capital.
Some sellers of French-spun worsted
yarns are now taking orders with the
prices left blank, to be inserted upon
delivery. If, two months before the
delivery date, the purchaser fells that
the price will be too high he is at lib
erty to cancel the order without pro
test from the seller. 1t is believed
that the sellers would not pursue such
policy unless they be convinced that
they can dispose Of their product for
many months to come at present or
even higher prices. Few mills can
take orders for delivery within the
next few months, as most of the pro-
duction for several months to come
has already been sold
New-York tribune., 1919-07-03

Mr.. Cohen stated that his firm has
just sent five representatives to Eur
ope to take care of its increasing for
eign businss.
"After ALL" he added "foreign trade
does not differ from domestic trade.
The same business principles govern
both. To be successful you must give
the foreign buyer what he wants, Ship
him what he buys and extend him rea-
sonable terms of payment. In this
country the big firms sends their sales
men to the customers who cannot visit
the display rooms in the manufact-
urers' places of business. The same
policy should obtain in foreign trade.
Direct representation by a salesman
who knows your merchandise and
knows the people to whom he is try
ing to sell it, is just as necessary
abroad as it is at home"
Mr.. Cohen expects competition in the
world markets from Europe when con-
ditions become more settled.
"To meet this competition" he said,
"American exporters will have to grant
longer credits than they do now. Be-
cause foreign buyers can obtain goods
IN no other markets. they buy from us
on the terms we make. Once competi-
ton becomes keener, the buyer will de-
mand and receive more liberal selling
terms"
New-York tribune., 1919-07-03
Metals
Consumers Inclined to
Buy Further Ahead; Pig
Iron Output Larger

Sales of copper metal for August
delivery were reported yesterday at
1874 cents pound, and holders quoted
~ to 1914 cents pound for spot COP
per
Inquiry among dealers disclosed the
1act that sales are not heavy compared
with normal times, but there is ten
dency among consumers to buv further
ahead, in view Of the strength of the
market and the prospects that copper
will be higher.in the fall
p AN increase IN pig iron output in
June over May, from 68,OO2 tons
day to 70,495 tons day, is pointed to
by steel trade publications as definite
evidence OF change for the better
throughout the iron and steel industry.
L Hast month the total production was
I,loa,se3 tons, against 2,1Os,056 tons
IN May The estimated capacity on
July 1 was 7l,7O0 tons a day for 200
furnaces, compared with 6860O tons
day for 1875 furnaces on June
,,,r,, Inc gain IN output last month";" saws
The Iron Age" twas the first check
to steady decline in the daily average
from the high point reached in Septsm-
Der, 1913, at 1892 tons. From 372
furnaces in blast September /. last
year., the shrinkage was 177 in nine
months n to 195 on June l.. The gain of
-,ooo IONS Day IN production last
month over the average in Nav is
ilkely to be carried further in july"
Sales OF pig iron in June, according
70 70 canvass conducted by "The Iron
5le raGe ooo REVIEW" were approximately l.
100000 tons, of which about 3S7 onn
tons went to Cleveland sellers. 900 '00o
tons Buffalo, 100000 to 250.o0o tons
to Chicago, 100000 tors to Eastern
pennsylvania and Virginia, 100 OO0 70
10000 tons to the South, 10000 to go
200 tons to Pittsburgh and the re-
malnder to Southern Ohio and scat
tered districts. '-N
New-York tribune., 1919-07-03
Business Troubles
Petitions in Bankruptcy

Petitions in bankruptcy filed yesterday
in the United States District Court were
as follows:
PAUL FRIEDLAND.-A voluntary petit
ton by Paul Freidland, clerk, Al Pine
hurst Avenue. gives liabilities at $3,1s3
and no assets. Principal claims are those
Of: Julia Spero. s2.791; Ida Snasht. s25s:
Isaac Dcnnison, $104. A. A. Silberbers.
256 Broadway, is the attorney.
GREATER NEW YORK DOCK AND
WAREHOUSE COMPANY involun-
tary petition against Greater New York
Dock and Warehouse Company. is Broad
way, does not give liabilities and assets.
Principal claim is that of Carl Platou,
s1,500. Henry S. Goodspeed, SIS Liberty
Street. is the attorney.
MAX KATE AND LUDWIG POLACEK.
An involuntary petition against Max
Katz and Ludwig Polacek, individually and
copartners. trading Katz G. Polacek,
dealers in retail drygoods. 1858 First Ave-
nue.. Does not give liabilities and assets.
Principal claims are those of: American
Felt Company, $500: George j. Berger,
$500. and Joseph Wild & Co.. $500. Allen
r. Memhard. 120 Broadway. is the at
tOrney,
New-York tribune., 1919-07-03
Chemicals
Export Demand for Soda
and Potash Products
in Evidence

Sales of caustic soda by dealers were
reported yesterday at 3.12h cents a
pound, free alongside steamer. This
appeared to be an inside price. The
majority of sellers are quoting 3.15.
Export inquiries are still In the mar
Eet for solid caustlc soda in fair
volume.
Carbonate Of potash remains firm.
This material is being purchased for
export. First hands report sales of
bleaching powder at 2 cents a pound in
large drums. Second hands saw that
moderate quantities of bleach can be
purchased at 1.80 cents. Many CON
sumers prefer to deal with producers.
however, to insure getting fresh goods
in sound packages.
Nitrate of soda is being sold for de-
livery this month on the basis of 3
cents pound. Copper sulphate is
moving in good volume at the recent
advance. Producers continue to quote
cyanide of soda on the basis of 80
cents pound, but small lots have been
sold by second hands at 25 cents.
New-York tribune., 1919-07-03
New Copper Refining
Record Set i'm 1913
Shows Increase of 100000
Pounds Over 1917; Greater
Consumption Also

american refners turned ont 2Aeo
UUo,oo0 pounds of copper metal in 1915
hat was an increase of 1000 600
ROUNDS over 1917, and established
ne" ne record In output for the refineries
rigures compiled by B. S. Butler for
that consumption of copper reacbeJ
i,oe2 100000 pounds in 1918 and 1.31s-
O0U000 pounds in 1917.
included IN the metal refined last
year was 492,1Sl,364 pounds of foreiyn
copper, SO that the copper Of Americsn
derlvatlon in 1918, as shown bv tbe re-
nners hgures, amounted to l.S82.87a-
l91 pounds.
The smelter production of primary
copper IN 1918 was 1,9oS,50O. 600
pounds, compared with 1886 600 ooo
pounds in 1917, or an increase 'of',Vyy Of ~
per ceN. The total value of the smel.
ter output last year, based on an aver
age price of 24.7 cents a pound. was.
"a. 1,40S,000. contrasted with s5l4.g1I-
600 for 1917.
Returns from all the producing COM
panies disclosed that their stocks OF
electrolytic, Lake. casting and pir
copper on hand at the beginning Of last
year totalled 114,000.000 pounds. At
the end of the year they were lSo,-
ouo,ooo, making an increase in tho
"H's 'iottho Oi op,VuV.uuu pounds.
In addition to the stocks of refined
copper on hand January l, 1919" the
report says. "562 500 900 pounds of
blister copper and material in process
OF refining were reported as at smell
ters in the United States, in transit
from smelters TO refncrs and at re-
,,neriTs, against d1l.000,o00 pounds on
January /, 1918. This does not in.
ciudc copper in stock ut foreign smal.
ters or IN transit from foreign smaltess
to retincries in the United States"
New-York tribune., 1919-07-03
Wash Dress ''Jobs" Scarce

Much against their will, it is said
buyers for retail stores are combine
the New York dress market addi-
tional supplies of cotton garments for
immediate use. Stocks in the hands
of manufacturers and jobbers are
small and prices have not been cut
except in rare instances. The manu-
facturers point out that "jobs" in sum-
mer attire are scarcer this year than
ever before, and the buyer who under
estimated the buying capacity of his
retail customers is having hard time
to obtain sufficient quantity of mer-
chandise to fill out his seasons re-
qurements
The market is said to be particular
1y bare of wash dresses selling at less
than .7.50 apiece wholesale.
New-York tribune., 1919-07-03
Trade Notes

The firm of L. P. Hollander G. Co.,,
which was established in Boston in
1S4S, and whose New York branch store
was originally opened on lower Fifth
Avenue in 1891, has incorporated under
the laws of Massachusetts as the l.. P.
Hollander Company, with a capitaliza-
ton of S5O0O,OOO. The officers of the
new corporation are: Theodore c. Hol-
lander, president and treasurer; Benja-
min Pitman, first vice-president; Alva
l.. Hollander, second vice president;
Arthur B. Howe, assistant treasurer,
and Charles L. Furber, clerk.
The directors are: Theodore c. Hql-
lander, A. L. Hollander, Theodore B.
Pitman, John N. Simpson, Mrs. Eliza
beth p Flanagan, Benjamin Pitman,
Arthur B. Howe, Rudolph H. Kammler,
f. Bronson Williams and Mrs. Eleanor
K. Mason.
j. E. Mannix, former president Of the
international Dry Goods Company, it
was announced yesterday, has become
allied with Alfred Fantl, resident
buyer. Mr.. Mannix will be in charge of
the division handling piece goods,
silks, carpets and rugs, and also will
supervise the executive division of the
A. F. Mercantile Corporation, the job
DlIIS uSphI lIIltuI vi MI. Z anti lnSClLu-
tion.
1t WAS also ANNOUNCED yesterday that
the L. Sulzbacher Company Of Steuben-
willie, Ohio, and A. Livingston & Son of
Bloomington, Ill.,, have been added to
Mr.. FantPs list of retail accounts.
David J. Miller has been engaged to
head the newly established foreign
trade department of the Metropolitan
Fur Exchange. Mr.. Miller's organiza-
ton, which includes twenty-nine agen-
cies in foreign countries, will assume
charge of collecting fur shipments for
the Metropolitan's monthly auctions,
its semi-weekly floor sales and Of filling
the needs Of foreign buyers of Ameri-
can furs.
The establishment Of foreign trade
department. was duo to the belief of
officials of the Metropolitan that the
signing Of the peace treaty will open
up vast trade possibilities with Eurone.
New-York tribune., 1919-07-03

be financed if it is to go on. A heavy
tall trade is in. prospect and the price
level is rising. The banks are under
obligations to the public to keep the
further expansion of credit in check.
The public has had notice of this from
the Federal Reserve Board the highest
banking authority in the country, and
should adapt its dealings and opera
tions to this policy. The necessary
cared for, and will be amply cared for,
but it is no time to increase the use
of credit for other purposes. If bank
ers generally throughout the country
cooperate with the Federal Reserve
Board in this matter, it will be for
the general good"
An interesting development in the
acceptance market is the Offering of
block of $26,0O0,0OO of the Belgian
acceptances issued under the $50, 600
600 acceptance credit recently nego-
tiated by American banks with con-
sortium of Belgian banks. The Ma
tional City Bank has bought approxi-
mately s4,00o,0OO of the acceptances
and other large banks are making sub
stantial purchases.
New-York tribune., 1919-07-03
Business M0nev

The commercial paper market was
steady again yesterday, the general run
OF bills being discontinued on a 51h
per cent basis. A few bills of excep-
tional quality went shade below that
Igure, but transactions of this charac-
ter were out Of the ordinary. Indica-
tlons are that there will be no i'm
portant easing of commercial monev
tor some time to come. Demands in the
future in the shape of commercial paper
and other borrowings are expected to
run into huge figures.
IN reference to the general credit sit
suatlon, the National City Bank of New
York has this to say: "There has been,
and now exists, great expansion of
bank credit in this country. The banks
were obliged to consent to it, as an un-
avoidable incident to financing the gov
ernment during the war Prices. wages
and all the costs of doing business are
SO inflated now, that it is difficult to
reduce the volume of outstanding bank
credit, although it ought to be reduced.
Imperative demands for more credit
are in sight. An enormous crop is to
be financed and our export trade must
New-York tribune., 1919-07-03
European Countries Want
American Made CL0thing
Foreign Business in Wearing Apparel, Exporter
Says, Is Developing Faster Than Goods Desired
Can BE Obtained for Shipment Abroad

A MEXICAN made clothing for botf
men and women is wanted in al
parts of the world. Exporters hand.
ling this class of merchandise. accord.
ing to David Cohen, of Cohen Brothers
VINO have built up an extensive for.
elgn trade in wearing apparel. have
much less difficulty in securing orders
than in getting goods enough to fin
them.
At present, he says, export business
is developing more rapidly with Scan.
dlnavla, the Balkan countries and Pc.
land, than in other directions. Aus
traila also is coming to the front as
one of the best buyers of American
made apparel
The whole world" said Mr.. Cohen
yesterday. "is hungry for our goods
and despite high prices of mercha ndise
to-day, foreign buyers have the cash
to pay for our products. Those who
haven't the cash. have either credits
or securities, which the American eS-
porter can readily convert into cash
through his banks. The establishment nj
OF foreign branches by our leading
banks is facilitating trade to great
extent and American manufacturers
and exporters should be eager to take
advantage of these new opportunities :,
New-York tribune., 1919-07-03

Textiles
Retailers Place Orders for
Wash Fabrics; Sales of
UnbLeached Drop

Jobbers in all lines of cotton goods
were active yesterday, but the. mill
agents having virtually nothing to sell
seemed content to contemplate the
Forthcoming holidays. Retail dealers,
who were in the salesrooms OF the
leading jobbers appeared to be espec-
tally anxious to get large quantities of
wash fabrics for immediate shipment.
1t was said that the hot weather,
coupled with extensive home sewing.
had stimulated sales Of these season.
able goods: Complaints about the
backward shipments from the mills
were as insistent as heretofore. and
it was predicted that those buyers who
have not taken due heed Of the scar
city of goods will find it unusually
difficult to have all of their orders
accepted when they arrive in large
numbers after the holidays.
Buying of unbleached goods dwin-
died little from the preceding day,
but prices for some cloths advan ed h
cent a yard. Eastern mills offered
limited quantities of 64-60s at 17A
cents, but number of the Southern
producers insisted upon getting TN
cents, this; being dcmcd an anomalous
SITUATION. Inc gray fabric, 6S72s,
went to 21 cents yard. Brokers in
tfese cloths complained that the lack
of offerings by the mills reduced their
activities as we'll as their commissions.
Some sales of what are called yard
sheetings were made for shipment to-
Italy, but it was intimated that the
goods eventually would be lodged in
the Balkan States as we'll as in the
Levant. Numerous inquiries for sheet
ings were received from China.
1t was asserted that export agents
here were asking the mill agents. to
give them ten days to cable to and re-
ceive advices from China, the extra
time being deemed necessary because
of the congestion in cable service. In
normal times only forty-eight hours
Is required for the passage Of wire
advices from the Orient,
New-York tribune., 1919-07-03
Rubber
Crude Rubber Prices
Drop as Fresh ArrivaIs
Reach Port

Although crude rubber was in fair
demand yesterday, prices for all grades
declined an average Of IA cents a
pound. Some of the brokers attributed
the recessions to short selling by
speculative interests, while others IN
sisted that the arrival of two steam
ships with consignments from the Far
East added supplies to an already over
stocked market. The weakness in rates
for sterling exchange also played a
part in causing lower prices. 1t was
stated that transactions in the Far
East are put through with English
money.
Manufacturers reported that tennis
shoes were in good demand, but bust
ness in rubber overshoes was light,
and it was stated that buying of the
latter will not display much spirit
until the advent of the fall season. Z
New-York tribune., 1919-07-03
Raw Silk Advanced
Imports From New Japanese
Crop Expected This Month

Buying of raw silks yesterday was
active, most of the orders calling for
shipnents during the months of Au-
gust and September. None Of the lead
.ng importers received cable advices
from the Orient, but Shinshui No. /
vas advanced in the local market to
ss.s5 pound, or 10 cents over the last
previous quotation. Kansaj double
Extra was quoted at s1l pound. Both
Of th.se levels established new high
Tecordg.
Manufacturer as we'll as importers
expressed the opinion that prices for
raw silk would continue high for an
ether year, or until France, Italy and
the Levant returned to the list Of pro-
d1cers. IL was said that this years
crops the world over, except possibly
tnat Of Spain, would be under the nor
nal yields. New crop Japanese silk is
expected TO arrive in the United
States shortly after July 1D.
New-York tribune., 1919-07-03
Leather
Increased Sale of Summer
Styles Helps Retailers to
Bridge Shoe Scarcity

With the increasing demand for
white, or summer styles, retail shoe
dealers are finding relief from the
shortage Of low-cut leather footwear
Most Of the dealers throughout the
country have been hard pressed to keen
up their stocks during the last few
weeks, deliveries from the factories
being slow and uncertain. Continued
warm weather and the increased sale
of white footwear helped to solve their
problem.
Just now many Of the large retail
establishments are taking inventory
and within the next few weeks will pre-
pare special sales to dispose of the
remnants Of their spring and summer
stocks. 1t is believed in the trade that
these sales will be fewer than ever this
year in view of the low stocks that the
dealers had to contend with the last
season.
Placing Of orders for fall style shoes
were completed some time ago by re-
taiiers. In some instances delivery of
these shoes has been started by the
factories, but in nothing like the guam
titlcs OF other years. Beginning next
week, it is expected shipments will be-
come more general, though the guam
tity Of shoes received by the retailers
Will be limited for some time.
Those retailers who placed small or
dcrs when the fall wholesale buyinp
season was in swing, in the expectation
of increasing these orders later, are
now in difficulties. Because of the short
age Of leather many of the manu-
facturers have refused to accept addi-
tional orders for fall shoes.
Shoe manufacturers and whole csalcrs
here declare that before the fall retail
selling season opens there will be
further advances in the price Of ali
grades Of footwear. At least one large
retail concern, with chain of stores
throughout the country, has started a
summer clearance sale. Prices quoted
at TINS sale are said to be considerably
below present. Wholesale costs