davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Textiles
Selling for Spectators
Profits Subsidies in Cot
ton Goods Market

Comparatively few buyers were in
the drygoods market yesterday, but or
GERS enough were received by mail and
telephone to keep the mill agents in a
cheerful mood. The demand for
bleached fabrics was exceptionally good
and selling of unbleached goods suit
aole Tor printing processes by holders
Oh stocks bought before the recent ad-
vance IN prices set in, and which con-
sequently showed speculative profit
seemed to have come to an end Selling
agents Tor the colored goods interests
reported that business was satisfactory
bpylng of all cottons, save print
cloths, was Conducted on a broad scale
throughout the week The goods were
bought to cover actual needs, and the
leading mill agents reported that the
higher prices demanded for many lines
served to stimulate business. In the
unbleached goods division of the mar
kec clothing lines were bought in vol
ume, and manufacturers of bags. as
we'll as of automobile fabrics. placed
large orders for sheetings. Consider
able talk also was heard about LARGE
deals being under way for the sale Of
sheetlngs in China. Orders for colored
goods were of liberal volume, and some
OF the leading mills temporarily ceased
MAKING sales OF ginghams and fannels.
II was animated that colored fabrics
VIII not be in abundant supply during
the remaining part of this year, princi-
pally because shorter working hours
nave cut down production. All kinds of
Dleached fabrics were sold in large
quantities during the week, and num-
Der OF the mills, expecting higher
prices, refused to book orders cailing
Tor deliveries beyond August 1.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Price of Corsets
Expected to Rise
But Manufacturers Believe M
Let-Up in Demand Will
Follow

Corsets probably will be advanced in
price IN the near future because Of in
ccreaslng costs of material and labor.
but manufacturers anticipate no
siackenlng in the brisk demand. Be-
cause OF government restrictions dur
ing the war it was impossible for the
corset manufacturers to produce cheap
corsets, and the women of the country,
forced by necessity to purchase corsets
of higher price and better quality. have
learned the economy of these and have
peen. educated to wearing the more cx-
pensive article. The day Of tie corset
that retaiied at less than $3.50 is
past, 1t is said. Following the sign
ing of the armistice some Of the manu-
facturers brought out the old CHEAP
lines. again, only to find that the de-
mand for them had ceased to exist.
1t is said that the average retail price
of corsets before the war ranged from
81 to $3.50 and that now it ranges
from $3.50 to SIS.
After the slight drop in the cost of
raw materials following the armistice.
few manufacturers reduced their
wholesale prices about 50 dozen,
while most Of the leading manufact-
urers, especially those making adver-
tised brands, held their prices firm but
improved the quality of their output.
Most of the retail merchants have
abandoned the hand to-mouth method
Of buying, 80 far as corsets are CON
cerned, it is said. The chief difficulty
in the path of the manufacturers at
present is that of obtaining sufficient
help to turn out the merchandise for
which they have orders. Several Of the
larger manufacturers have opened
auxiliary plants for the making of
corset accessories, such as brassieres
and bandeaus, in order to leave their
larger plants free to concentrate on
the production Of corsets alone.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Apparel by Parcel Post
Express Strike Diverts Manv
Shipments tn Mails

Parcel post is being resorted to nv
local manufacturers of wearing an
parel to ship out merchandise, because
or the express strike and the embargo
which the American Railways EXPIRES
Company has placed upon the receipt
OF packages at terminals here and in
neighboring towns.
When the drivers first struck manv
OF the manufacturers hired trucks to
deliver their merchandise to the ter
mlnals in this city and in New Jersey.
The embargo has killed this plan and
the shippers are forced to use parcel
post.
In some cases shipments to points
as far away as Boston, PHILADELPHIA
and Baltimore are being made by motor
express, but this affords no relief TO
retailers who are not directly on a
line of an established motor trucking
concern.
The parcel post system is being
overcrowded by this influx of merchant
disc, and shipments are delayed Local
manufacturers have received MANY in
qulries from their customers com
planning of delayed shipments.
1t is expected that if the strike con-
tinues and shipments are further de-
layed the retailers will come to the
market earlier than usual to order
their fall merchandise, so that thew
may be sure OF receiving the goods in
time
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11

Untitled Tonnage on U. S.
Steel Corporation Books
ShOaCs Shrinkage

Untitled orders on the books of the
United States Steel Corporation at the
end of April amounted to only 4,SOO,6so
tons, the smallest total since June,
1915, and shrinkage Of 629,ss7 tons
compared with March 81. The record
untitled tonnage statement of the COM
pany was made on April 80, 1917, when
l2,183,083 tons were reported.
In December, last year, the month
after the signing of the armistice. un-
titled orders totalled 7,379,152 tons.
The downward tendency since that time
has been accelerated by the price con-
troversy between the industrial board
OF the Department of Commerce and
the railroad administration.
1t was reported in the steel trade
yesterday that the manufacturers arc
making some concessions in prices to
attract export orders. In addition to
rails and railroad material sold for
export, sales of wire rods and bars
are being made in lots ranging from
few hundred to several thousand tons
each to European countries as well as
the Far East
One lot of $4,000 tons of sheet bars
IS under negotiation for export to
Great Britain, and this contract is ex-
pected to be closed shortly. Improve
ment In the ocean freight rate situa-
ton has been recently noted and more
ocean freight space is now available
to carry steel products to Europe.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11

cent in the class of notes now bear
ing 81 and 51z per cent. 1t is be-
ileved, however, that per cent will
be rock-bottom level for six or
eight months to come, because con-
tlnued government borrowing at Az
per cent will automatically make that
rate minimum.
AS to the actual financial position
OF the banks, the period just begin
ming will sec the gradual paying off
OF the enormous volume of certificates
OF Indebtedness now held by them
The deposits withdrawn by customers
Will be returned to the banks by the
government; and if used by the govern
ment Tor making payments, will be
mainly returned to the banks by the
persons to whom payments are made
But the repayment of certificates will
be q long and slow process. New
certificates of Indebtedness will be is
sued, but they will doubtless not be
so large In amount.
Ihere has been no change in the
supply of paper coming out, even
though rates have been lower. What
has been holding business borrowing
back is the fact that business does
not need the money, and is not in
terested in the rental terms of it.
Trade is good; failures are the low
est on record; payments were never
SO prompt. Business is working on its
own abnormal cash SURPRISES. Com
mercial paper brokers wait hopefully
TOR the day when it will want to ex-
pand its activities beyond the capacity
of its own unborrowed funds.
Fifteen to sixty day prime rade ac
ceptances were quoted at and 81 per
cent; sixty to ninety days, and 5 y
per cent; Endorsed trade acceptances,
41s per cent, all maturities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
The Tribune's Page Of Business News
Silks
Silk Manufacturers Well
Sold on Fall Weaues;
Export Trade Opens

Sales of dress silks to manufacturers
were light yesterday, the wet weather
keeping merchants away from the show
rooms. But the shipping departments
Of the various concerns were taxed
getting out goods needed Immediately
by cutters and retail dealers. The
volume of business placed last week
was exceptionally large, and many
mills that manufacture the highly fin
ished fabrics reported that they had
sold their outputs of fall weaves as
far ahead as the middle of October.
Mills that sell most of their .produc-
ton in the gray or undyed form to
those commanded by the manufacture
ers of the finished goods stated that
they were not anxious to accept orders
for del1ery beyond the first of Au-
gust
Buying of goods wanted for use
during the late spring and summer
was brisk, cutters of women's waists
and dresses being the best customers.
But the most wanted fabrics, such as
georgettes, are in scant supply, and
manufacturers say they were unable
to meet all demands. Silks suitable
for mems shirts also sold freely and
many of the leading manufacturers
reported that they were not in po
sition to take further orders for fall
delivery.
Because American weaves are rela-
lively cheaper than those produced
elsewhere, exports have been made to
Italy, France, England and Central
America, which countries before the
war made only small purchases of
American manufactured dress silks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
business Money

line week just passed was a week
IN which the chief concern of bankers
was given to the Victory Loan and it's
outcome. Such preoccupation was hurt
1ul to the commercial paper market.
nevertheless, there were evidences that
ehe banks were looking ahead to the
period to come. When the country as
a whole is considered, their demand
Tor paper. exceeded the supply. This
was manifest from the continuous ten
dency toward an easing in rates. There
was more per cent paper at the end
OF the week than at the end of the
week before. The general market rate
IS quoted at 5A per cent, with paper
moving at both per cent and 5ih.
Next week will begin the period
which will test predictions made in
the last few months. These predic-
lions all looked toward a revival in
the market when "the Victory Loan
campaign is out of the way" Such
revival has been lokcd for chiefly
on the side of demand. There may
be no great actual change next week
IN the position of banks as revealed
in their weekly statements. But the
banks will know where they stand.
They, will know exactly the extent
to which their customers have with
drawn deposits for subscriptions. They
will know the extent to which thew
have been called upon to loan to Gus
toners to carry Victory notes. They
will know the extent, if any, to which
they will CT will not have to take
part of the loan themselves. With
this certainty, the present abnormal
caution that has been manifest in all
time loans will disappear. It is with
this in mind that many expect next
week decline in paper of Il of 1 per
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Loan Success Makes sG0ing'
Easier for Business Men
Expanding Needs of Com mercial Borrowers Bank
er Says, Can Be Met-Nation's Prestige as
Financial Backer for the World Is Heightened

More than ever must we be the bank
ers of the world, and anything that
strengthens our position in that re-
spect will help our export trade.
The loan unquestionably has re-
moved one of the chief barriers to the
resumption of active business. The
barrier furnished by the necessity of
floating the loan has in part been
psychological no doubt. But the bar
rier has been there. There may be and
doubtless will be other deterrents to
the resumption of normal business, but
each one removed makes the going
easier.
To the extent that the bonds have
found distribution with investors-and
this distribution will probably be found
to be wider than was expected-the
burden of financing the government
will be lifted from the banks. To that
extent the banks will be better able
to take care of any expanding needs
that their customers may have.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Tailors Working Overtime
High Cost of ''Ready Madcs"
Drives Business Their Wav

High prices of ready made clothing
TOR men have stimulated business for
the custom tailors to such an extent
mat they now refuse to accept orders
for suits to be finished earlier than
three to five weeks hence.
The big Fifth Avenue tailors are
working overtime, and say they will
ind 1T difficult to turn out orders on
thelr books IN a months time. One of
the leading tailors in Harlem said that
ne has been working nights and Sun
days for the last three weeks, and from
present indications he and his staff
would work on the same schedule for
the next month or more.
The tailors say that new customers
who visit their shops complain of the
high prices of ready made garments
and figure that SO long as they must
pay $40 or $50 if they wish to obtain a
a little more and purchase custom
tailored clothes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Active Market for Rubber
Footwear in Scotland

An active demand for rubber foot
wear exists in Scotland, stocks of
which have been reduced to minimum
as result of war conditions, accord
ing to the Canadian Department of
Trade and Commerce. The principal
demand is said to be for ordinary
goloshes and storm goloshes of broad
toed shapes. for hip boots and top
boots, both leather and rubber soled,
for gray canvas gymnasium shoes and
for light sand shoes. Snow boots are
not much in demand. and there is said
to be no call for strap sandal or low
cut rubbers, for pointed shapes or for
white or brown goods.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Large Orders Placed for
Heavy Cotton Pile Fabrics

Leading producers of velveteens for
women's wear and corduroys for mems
and boys clothing reported yesterday
that they have taken orders for all the
between now and the end of next Sep
TENDER. Prices have been advanced IN
per cent on an average in the last three
weeks. Large manufacturers of gar
ments as we'll as jobbing houses here
have placed heavy advance orders. 1t was
intimated that Seconds" or goods that
are not up to the specifications of buy
ers will probably form the bulk of the
supply that will be available from stock
this fall
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
French Diamonds Expected
To Come ON the Marke,

Local dealers expect a slight i'm
provement in the diamond situation
here as the result of the removal of
the restrictions on the export Of cut
stones by the French government Tho
impression prevails that diamonds are
not available in large amounts in that
country. The older French cut dia-
monds, because of their shallowness or
extreme depth, are not regarded as
readily adaptable for sale to the Ameri-
can trade. Dealers recently. returned
from Amsterdam reported that French
buyers in the Holland diamond centre
were conspicuous by their absence. and
that as far as they knew few of the
precious stones were being sent from
Amsterdam to France.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Chemicals
Japan Wants Acetate OF
Lime and SaUiss Buy
Caustic Soda

Firm offers from Japan were re-
ceived in the local market yesterday
for 5000 to 5000 tons of acetate of
lime. There were inquiries from Rio
de Janeiro for copper sulphate and
caustic soda. Nitrate Of soda was also
in demand.
Demand from Switzerland for caustic
soda continues, and is said to be din
cult to explain, in view of the fact that
England is the market in which Swiss
purchases Of this product would nat
urally be made. Not only can caustic
soda be bought more cheaply in Eng
land, but 1t can be transported to
Switzerland at lower freight charges.
A suggested explanation Is that jan
anese buying may be depicting the
English stocks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Goods Salvaged From
Wreck To Be Auctioned
Nails, Leather Jenkins and Rub
Der Boots Recovered From
S. S. POrthunter
Business Ne1cs Bureau
.SnecinL Cnrreenna,denca

Special Correspondence
NEW BEDFORD, Mass, May TO-
Approximately S1,000,00O worth of war
goods, consisting Of nails, leather jer-
kins, underwear and rubber boots,
salvaged from the steamship Port
hunter, wrecked in Vineyard Sound,
will be sold to the highest bidder on
Thursday next. Of the material
abroad, French, British and American,
the Mercantile Wrecking Company of
this city has the contract for salvag-
ing the last named. The goods al
ready taken from the wrecked ship
are now on Commonwealth Pier,
Boston. They have been cleansed and
put into shape, but with the announce
ment Of the opening of bids from the
zone officer, Colonel A. W. Yates, comes
a request that bidders inspect the
goods before making their offers as
no claims will be allowed afterwards.
Among the goods on which bids will
be received are 500 pounds of nails,
200,955 leather jenkins, $4,000 winter
undershirts and $4,000 pairs of rubber
boots.
Although about $1,oO0,OOO worth of
material has been taken from the ship,
100000 worth still remains, as the
cargo was said to be worth $8,0O0,0O0
The Mercantile Wrecking Company has
been granted an extension of time of
fifty days from May % to complete its
share of the salVaglng work
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Leather and Shoe Findings
Wanted for Indian Service

Bids have been asked by the Depart
ment Of the Interior for the supply of
harness, leather and shoe findings for
the use of the Indian service. These
bids will be opened by the Commits
sioner of Indian Affairs, at $40 Elm
Street, St. Louis. Mo-, on May 20.
Among other things, proposals are
asked on % pounds of calfskins, to run
IL to pa pounds per skin, medium
thickness; 4.375 pounds of oak tanned
harness; IS sides laces, Indian"
tanned, or rawhide; $40 pounds Of
hemlock sole, and 5,915 pounds of oak
sole
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Raw Silk Buying Checked
Only Moderate Reaction From
Peak Quotations Last Week

Prices for japanese raw silks de-
clined cents pound yesterday, max
ing a drop of 20 cents a pound from
the record high level established in
the fore part of the week. The peak
quotations restricted buying, and the
recent recessions brought out only
fair orders. 1t was intimated that the
drop IN prices was largely due to the
efforts of Japanese reelers 10 induce
farmers in the interior Of Japan to
sell their cocoons at lower prices than
those that had been prevailing. AS a
rule the reelers of raw silk buv their
supplies Of cocoons from the raisers
during the week beginning May 10, so
as to be ready to begin the shipments
Of the reeled product to commission
merchants and exporters in the month
of June.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Furs
More THAI. $lO,OOO,OO
Worth of Pelts Sold at
St. Louis auction

ST. LOUIS. May 10.-Sales at the
closing session of the spring fur sale
at the International Fur Exchange to-
day passed the s1O,o00,ooo mark with
a large number of pclts, including more
than million muskrat, still to be
disposed of during the afternoon.
forenoon sales to-day totalled $1O5,-
A lot of 10000 civet cat brought
$4,000 and $4,000 badger sold FOR
$12,5OO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Beaver Cloth for Hats

Beaver cloth is being used for fac
ings and trimmings on women's leg
horn hats for summer. One manufact-
urer, who is already injecting the fall
touch into his models is showing leg
horn hats with velvet crowns of burnt
orange. Other hats are made almost
wholly. of burnt orange velvet, with
white hemp facings and flowers.
According to several of the leading
millinery manufacturers, hats of navy
tatfeta lead all others in sales now.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Jade Green Popular

Jade green, otherwise known as
chrysoprase on the fall, 1917, color
card of the Textile Color Card Associa-
ton, is one of the most popular shades
for millinery now, according to the as
sociation's service committee. Other
shades in the pastel colors largely used
in millinery are orchid, turquoise,
coral, pink, primrose, wigela (spring,
1919 color card) and bluebird (spring,
1916 color card). For evening wear the
five shades mentioned predominant, to-
gether with larkspur, cherry and citrus
(spring, 1917, color card).
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Australian Wool Brings
$l.43 at Government Sale
Brisk Demand for Good Quail.
ties; 800 of 100000
Pounds Disposed Of
Special Correspondence
Business Neaps Bureau


BOSTON, Mass, May 10.-Eighty per
cent OF the 100000 pounds of secured
wool offered at the governments auc-
ton here to-day was sold, the good
qualities bringing high prices, but the
poor qualities going for the minimum
established by the government. On
the poorer qualities the bidding was
SLOW and some Of the South American
woods failed to arouse any interest.
me me South African, Australian and
california woods were in demand.
The highest figure paid at to-day's
sale was SLAB pound for fine Aus
trailan wool and for high grade terri
tory wools. The buying was distrib-
uted among about sixty purchasers,
many of whom, though, took only from
one to five lots each. The most active
buyers We're Hartmann Brothers, Inc,
VINO D. took forty-five lots, and Charles
). webb q Co., of Philadelphia, who
bought twentyseven lots. Mr.. Webb
SAID yesterday that he intends to keen
up the prices at the government auc-
tons N~S
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Merck & Co. Stock Sold

Eight thousand shares of the capital
stock of Merck & Co., one of the iarg-
est houses dealing in medicinal drugs
and chemicals in the United States.
have been bought by the McKcnna Cor
poration. The stock was sold at auc
ton by the Alien Property Custodian.
The price received was $3.50 900.
Iotal stock of Merck & Co. is 10000
shares. 's'e
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Burlap Prices Advanced

Under small offerings by importers
and relatively good buying by bag man
ufacturers, prices for burlap yesterday
advanced Il to n cent yard. The
grade containing eight ounces to the
yard Of cloth was quoted at cents a
yard, while the 1914 ounce product
held at II cents n yard. 1t was stated
that the Calcutta market was higher
than that Of New York, allowance be-
ing made for the cost Of transporta-
tion from India to the United States.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
By Howard S. Mott

Vace-PTes1dent, la'V111g National Bank
THE campaign for the Victory Loan
closes VIGOROUSLY. 1t was a
business mans loan, and bust
ness men could not let it fail. Quite
as much it was loan for the man of
small means, and it is eternally to his
credit that he has rallied to the sup
port OF this loan as he has to those
preceding it.
Now that we have shown the world
mat we pay in peace times the obli-
gatlons incurred in war times, the fact
OF the maintenance of our business
honor cannot fail to add to our al
ready high financial prestige. The
ease with which we finance ourselves
IN enormous volume will concentrates
further upon us the eyes of the rest
OF the world that needs financing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Big Cargo of Wool From
South America Arrives

About 100000 pounds of raw wool
from South America arrived here late
last week and was unloaded yester-
DAY. The shipment formed the entire
cargo OF the steamer Dogra. About
one-thlrd of the wool was consigned
70 70 me cleveland Worsted Mills, of
wool dealer OF Bradford. England i'm
ported the cargo. The entire shin
ment was valued at about $1,000, 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11
Holidays This Week

Tuesday-1n Brazil and Russia.
Wednesday-In Paraguay.
Thursday-1n Greece and Paraguay.
Friday-In Austria Hungary (Bohe-
mia) and Denmark.
SaturdaymIn Egypt, Norway, Persia
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-11

through the shortage of skilled labor,
but 1T is said that with the return
from France of the New England and
New York divisions of the army this
situation is rapidly adjusting itself,