davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-16
Rubber
Drug Trade WeU Stocked
With Rubber Goods
for the Summer

AS result Of the big business done
during the period of the influenza cpl
demic retail druggists are in better
shape financially than they have been
in some time and have purchased am
pie stocks Of sundries to carry them
over the hot weather months. Conse-
quently the wholesale drug sundry
business is showing a letup.
During the epidemic the druggists
we're pressed for merchandise. and
because of the urgency of government
orders manufacturers found it diff
cult to fill the requirements of the
retailers. In some cases the man
ufacturers could have supplied the
rubber goods without delay, but
because of the shortage Of GER
tain metal parts, such as shoppers
for ice bags, ETC., shipments had to be
held up. After the signing Of the
armistice the manufacturers had an
opportunity to catch up on trade or
ders and now retailers are we'll stocked
with merchandise.
New-York tribune., 1919-03-16
Furs
Large Business Develops
i'm Summer Furs Well
Established in Fashion

Last week was one ofthe busiest in
the fur trade in some time Buyers
were in the market in large numbers
and placed orders for generous guam
titles, the business being shared by
practically all of the leading fur mer-
chants and manufacturers. Summer
ffurs, which several years ago were only
looked upon by many manufacturers
as a seasons innovation that would
quickly lose popularity, are now firmly
established by fashion. This is indi-
Gated by the manner in which retailers
are buying this class of apparel.
The higher priced garments continue
to be most in demand, with the gen-
erai tendency of style being in favor
of one, two or three skin scarfs. In
the western sections of the country
coatees are sharing popularity with
scarfs. Furs that are being called
for in great number arc fisher, Hudson
Bay sable, Russian sable and cross
foxes. Because of this demand, manu-
facturers report, there is a slight
shortage Of these skins.
New-York tribune., 1919-03-16
Metals
Proposed Sale Of Govern.
ment Copper to Germany
Meets Opposition

Opposition to the reported movement
on the part of government represen-
tatives to sell the copper holdings Of
the United States to Germany is voiced
by some Of the leaders in the industry.
In opposing the sale of this copper to
the Germans they take the stand thst
it would result in further depression
Of the market because it would re-
suit in cutting off the Central Powers
from free trading in copper.
II the United States allows Ger
many to take its copper, it is con-
tended, France and England will want
to participate in the sale, as they also
have large accumulations of the metal
on hand. The United States allotment
will, therefore, not be as large as is
anticipated by advocates of such
proposal, and at the same ime the cop
per producers, who are relying upon
the Central European consumers for
the disposal of large quantities Of the
metal, would find themselves without
this market.
The metal markets generally are
now nearing their pre-war level and
conditions are frankly admitted to be
bad. Hope for an early revival of buy
ing rests in the prospectors' lowering
OF steel prices and the expectation that
the railroads will be able to adjust
their finances so that they can enter
the market for the purchase of rails
and materials for necessary extensions.
New-York tribune., 1919-03-16
Great Mraket for
u. S. Metal Goods
In South Americs
Prospect for Sales of Ma.
chinery and Other Prod
ucts Is Splendid, Accord.
ing to an Authority

The growth of American trad. -,
South American markets is du. :.
the better understanding acouirea l.
American business men of the ho.:
ness methods prevailing in that n,,.
of the world. according to John
Pendleton, vice president of El Comn,s
ia Nacional de Metales, of Busno.
Ayres, and treasurer of the British
American Metal Company. Mr.. pa,
dleton has just returned from sougL
America, where he spent three vsssa
In making a close study of the mstsl
markets. He says that much cred;t
for the expansion of our trade IN
Latin America is also due the brancbes
of American banks which have besn
established in those parts since tbn
outbreak of the war. He is of ths
opinion that South America offers sn
unlimited market for the Amer;csa
manufacturer of metal products ana
is convinced that the business man @
OF the United States are now frmiv
established there. In speaking ~
South American trade conditions ves.
terday Mr.. Pendleton said:
II was gratified during NV lone
stay in South America to see tho,
American business men are yend;n"
abroad men who are we'll equipped IL
enter foreign markets, and in this As
we'll as in other directions are SHOW.
ing better understanding of the r..
quirements of the Latin America,
business men.
"The prospects of selling mactiner,
and other metal products to Arper
tina, Brazil, Chile and other countris,
in South America are very favorable
These countries have no facilities 70,
producing metal goods, although som,
of them, notably Brazil and Bolivia. ar,
enormously rich in mines.
Il do not fear japanese compstj
ton. The Japanese have made r.
markable progress in the manufac,
ure of machines, notably mining ma
chinery, but their industry has no
reached the point where America,
manufacturers need regard their com
petition with apprehension
New-York tribune., 1919-03-16
The Tribune's Page of Business News
Textile Prosperity ahead
Business Nelos Bureau
Special Correspondence
NEW BEDFORD, Mass, March

NEW BEDFORD, Mass, March
14.-Prediction of resump-
ton of prosperity in the textile
business with the coming of
spring is made by the United
States Department Of Labor in
reply to an appeal to Secretary
Wilson from Fall River for gov
ernment intervention to aid in
stabilizing the cotton and cloth
markets.
Conditions existing at Fall
River" says the letter, care but
analogous to these existing in
many other industries throughout
the country at the present time.
Every effort is being made by the
government to reduce unemploy-
ment to a minimum, but during
the readjustment period it seems
oprbable that a certain amount
of idleness must prevail. 1t is to
be hoped, however, that with the
opening up of business in the
spring this condition will soon be
remedied."
New-York tribune., 1919-03-16

Notwithstanding the great amount
of concern given to the money market
last week, because of the tax payments
eliminating on Saturday, rates re-
vealed remarkable ease, and call loans
on Friday were renewed at Az per
cent. That was not surprising. When
special tightness is expected in the
money market on any one day, or
series of days, such precautions are
taken to meet it that it seldom oc-
ours. The real test will come in the
early part of next week. Then the
checks will have been turned over by
private individuals and corporations
to the government, and will not yet
have flowed back in the form of gov
ernment deposits. The net result to
the banks as a whole will be simply
this: that the deposits formerly placed
to the credit of private persons and
firms will be placed to the credit Of
the government. So far as the banks
as a whole are concerned that will
make little difference. But the banks
individually may have cause for con-
cern; for the amount withdrawn will
not in each instance equal the amount
redeposted by the government. This
may lead to unwllingness on the part
of the banks to extend credit until the
atmosphere has cleared.
Throughout the week there was ex-
tensive borrowing to meet tax pay
ments. In most instances these were
financed by business men going to
their own banks and receiving accomo-
dation. In many cases collateral had
to be given, 80 firms which held the
promissory notes or Acceptances of
other firms with which they did busi-
ness, but who had not needed the
money, and were holding the notes to
keep the interest for themselves, either
offered them as collateral for loans to
meet tax payments or sent them to
note brokers or banks to be discounted
directly This brought lot of COM
mercial paper and trade acceptances
on the market, and in some quarters
created the illusion Of q substantial
increase in commercial borrowing.
But the market was little changed.
The trading rate continued at 5h per
cent, with a little paper of unusually
good names and short maturity going
for 81. Some brokers have the i'm
preston that the banks have been
"snapping up" all the paper they could
get at 5h per cent, and others we're
able to dispose Of more "a per cent
paper in the latter part of the week
than in the earlier. This has led to
the belief in some quarters that rates
New-York tribune., 1919-03-16
Chemicals
Ban on German Potash
Expected to Increase Buy
ing OF Domestic Product

The announcement made by Secre-
tary of Commerce Redfield that no
German potash would be permitted
to come into this country until after
the peace treaty is signed is expected
to increase the demand for the do
mestic product The possibility that
permission to import German potash
might be granted at once, has had
the effect of keeping many agricul-
tural consumers out Of the market,
because they expected the imported
product would be cheaper than the
domestic.
With the knowledge that the Ger
man potash will not be available in
time for effective use this Spring.
dealers look for substantial orders
for Immediate delivery from the farm
ing districts.
The demand for other heavy chemi-
Gals is light. 1t is possible that the
market for phenol and other chemi-
calls will become more active after tho
government has announced its plan
for the disposal of its stocks. This
announcement is expected some time
this week.
New-York tribune., 1919-03-16
FINANCIAL MEETINGS
SOUTHERN PACIFIC COMPANY
NOTICE OF MEETING
165 Broadway. New York. N. Z.

Dated January :. 1919.
The Annual Meeting OF the Stockholders
of the Southern Pacific Company will be
held at the office of this Company In An
chorage, jefferson County, Kentucky. on
Wednesday, April o, 1919. at twelve o'clock
noon. standard time. for the following
purposes, viz:
% TO elect fifteen Directors.
90 To consider and act upon all dues-
tions and matters which may legally come
before the meeting relating to Federsi
control of the Company's properties under
the act of Congress of May 2l. 1913, or
any agreement or settlement with the
Government IN respect thereto. or reiat'ps
to the termination of such Federal coniroi
by the return OF the properties or other
wise, and/or relating to conditions resuh
ing from or succeeding such Federal con>
troll, and generally all questions and ms,.
ters growing out of or incident 10 spea
control. termination thereof, or foIio"'hs
conditions
l2) To transact all such other buslness
as may legally come before the mee'lnt.;
including the approval and ratification % ?.
all action of the Board OF Directors '0, "a.
of the Executive Committee since tho .ss. .ss'
annual meeting OF the Stockholders OF tn''
Company. 49,.
For the purposes OF the meeting -. ,.
books for the transfer of stock Viii e =
closed at 3 o'clock p NJ. Tuesday. MAJ
IS, 1919. and will be reopened at 10 o'cs's"
a. NJ, Thursday. April 10. 1919.
BY order of the Board of Directors
HUGH NELL. Secretary
New-York tribune., 1919-03-16
Silks
Mills Prepare Samples OF
Silk Goods for Fall;
Business Is ActiUe

Buying of silk goods last week was
of sufficient volume to enable num-
Der of the more important manofac-
turers to clear out considerable
amount of stock. Supplies of desirable
merchandise are now reported to be
light. A fair run of recorders is ex-
pected, and a good volume of business
right up to Easter is in prospect. Most
OF the merchants who were in the
market this week hailed from the Mid
die West and the Pacific Coast. Vari-
Gus buyers united in declaring that
business in their respective sections
was unusually large, and that custom
ers were showing marked preference
for high priced goods. 1t has become
necessary to make price inducement
on the cheaper grades of silks to move
them more rapidly While dress fab
rlcs have moved at a more rapid rate
than other fabrics, the manufacturers
report that business in silks suitable
for mems shirts has shown noteworthy
Improvement due to the return of large
numbers of young men to civil life.
Although all of the manufacturers
have not opened their full lines of
silks, orders have been taken in fair
volume. The mills generally are now
getting fall samples ready for the
trade, but the disposition is to clean up
stocks of spring fabrics before at
tempting to do much with goods that
retail dealers will sell the coming au-
tumn Most of the manufacturers as
sert that prospects are unusually good
and that the tax on luxuries is not
likely to hamper the women of the
country in buying silk fabrics.
Demand for silk yarns, trade in
which had been unusually dull, exhib-
tied considerable improvement during
the week. The textile industries are
reported to have bought literally, indi-
eating manufacturers expect business
to show an expanding tendency.
Demand for Japanese raw silk yes
terday and throughout the week was
of rather liberal proportions. Manu-
facturers toward the close of the week
seemed more inclined to cover their
near future requirements, mainly be-
cause of increased operations and on
account of the favorable prospects for
trade. Prices at Yokohama and New
York are firm, especially for the coarse
grades of yellow silk. For Chinese raw
material the demand has been poor,
and it is reported that the Canton
market is somewhat weaker than it
was week ago. Within the next
month some of the importers plan
to bring pressure to bear on the Ital-
ian government to lift it's control over
supplies of raw silk. If this can be
accomplished more compe etition will
follow.
New-York tribune., 1919-03-16
Orders for Women s Fall
apparel Make appearance
Regard Such Buying Now as Indi-
cation of Continued Activity in the Cloak and
Suit Trade for Mont hs to Come

First orders for womens coats and
suits for next fall wear have appeared
in the wholesale market here. Com
ing SO early in the season these orders
are regarded as harbingers of big
fall trade in women's garments. In
fact some Of the largest coat and suit
manufacturers in this city feel certain
the record breaking business which
they are now doing in spring and sum-
mer goods will continue with little or
no interruption into fall styles.
r. Sadowsky, a large manufacturer
of coats and suits, is one who shares
this belief. His concern has already
booked orders for early fall deliveries
and in commenting on his fact yester-
day, he said such buying plainly in
dicated that merchants are starting i'll
now to stock up with merchandise for
which they anticipate an active de-
mand when the fall retail season
opens.
Buyers" said Mr.. Sadowsky, "are,
1 believe, beginning to realize that the
bottom in prices has been reached.
Although orders for fall goods are not
numerous they show that confidence in
the market is returning. Even in
normal times it is not usual for buyers
to anticipate their fall wants at this
time Of the year. Personally, l think
that prices for fall merchandise in
stead of declining will go higher than
they are at present.
"Meantime business in women's ap-
parel for spring and summer continues
exceptionally active, probably surpas-
New-York tribune., 1919-03-16
Woollen Trade Looks
To Foreign Business
Firms Reticent About Divulging
Results of Activities
This Field

Mill men and selling agents in the
woollen goods trade are talking more
and more of export trade. 1t is said
that number of the leading mills have
been doing fair amount of this busi-
ness, the details Of which have not
been made public. Conditions in the
export business are so unsettled that
any mill which has foreign connections
and hesitates to divulge any informa-
ton concerning these activities. One
large firm which controls mills making
low priced fabrics largely used in the
cheaper grades of mems clothing. adj
mitted yesterday that until two months
ago 1t had been shipping goods to an
agent in Europe who disposed of them
IN Spain, Portugal and possibly France
and Italy.
"This business was good all during
the war;" said member of the firm,
and we we're surprised couple of
months ago to receive word from our
agent in Europe that he had been
placed on the black list. ONLY few
days ago he cabled us that he had been
removed fro mthe black list and we
hope to resume relations with him.
There was no explanation as to the
reason for his being blacklisted."
Another large selling agent admitted
that he had just received large order
from an European buyer, but he would
not divulg ge the source of the order.
American manufacturers cannot
rival English producers Of textiles, in
foreign trade" said an Englishman,
formerly connected with Bradford con-
Germs, but now a salesman for an
American firm, until they learn to
give the buyer exactly what he wants.
English woollen mills produce
greater variety of fabrics than do the
American mills. A cloth that will sell
in Argentina possibly would be drug
on the market in Italy. English for
eign trade in textiles has been built up
bycatering to the wants of the buyers
and not to force over production of
fabrics for home consumption of for
eign buyers"
New-York tribune., 1919-03-16

sing. in volume all former high records.
"While the demand for plain coats
is not so active, this is more than
made up in the orders taken for capes
and dolmans. The present vogue for
these undoubtedly will continue
through next fall and winter. Suits
are going we'll, with the greatest de-
mand as usual for navy blue. Other
colors in suits may have short reigns
as fashion leaders, but always the
bulk fthe supit business is done on
navy blues. In the capes and dolmans
there is a distinct trend toward the
lighter and brighter colors. Pekin
blues and tans are the most wanted
colors in these garments"
Long coats and dolman effects in
imitation fur fabrics also are in high
favor among the retail buyers, ac-
cording TO Mr. Sadowsky. Orders
on these have been large" he said,
"and we anticipate large volume Of
business on them"
Asked about price trends, Mr.. Sa-
dowsky said that the raw material 60
ing into the cheaper class Of garments
had shown some reduction, but that
prices on the higher grades Of wool
lens and other fabrics were holding
firm.
"In addition to this" he said, 1--WE
are paying a constantly increasing
scale of wages. There can be no hope
for radical price reductions under the
present conditions. Our prices for
merchandise for next fall show no re-
ductions and buyers who have placed
their orders evidently are not expect
ing prices to DROP"
New-York tribune., 1919-03-16
Textiles
Leading Cotton Goods
Mills viii Increase Their
Outputs This Week

Although yesterday was short busi-
ness day, fair volume of orders for
rough cotton goods was placed on the
oooks OF mill agents. The week ended
with much better aentiment in evil
denee. Prices were stronger than they
were week ago, and the books Of
'sadsng concerns showed that the
amount Of business booked probably
surpassed that Of any similar period in
the last three months. The advance in
tne price OF raw cotton il conceded To
nave exertd ca stimulating influence
~ causing buyers to purchase uufn-
Ssheo COTTON goods in liberal quantities.
sone OF the mills have taken good
aeai 0, business for delivery during
prm, nay and June, but they seem to
% oisinclined to book orders at nyee-
en-. prices whore shipments ara re.
Auired IN the last half OF The year
TWO OF the principal Eastern manu-
-seSarers are to increase their OUTPUTS
during the coming week. In addit;on
90 the better demand from domest;c
buyers, export trade also has picked mn
Ebina, Greece, the Scandinavian cnsr-
tries, Serbia and Siberia are reportad
20 nave sent in fair-sized orders.
Demand for the finer grades Of cot
Ton goods has shown fair measure Of
Improvement, sharp downward reyis-
sonk IN prices, particularly for South
trn products, having stimulated buy
fgx Jobbegs have made relatively
2opa sales Of wash fabrics, and the re-
gofted plan Of some Of the leading
estaiogne houses TO cut auotations
Under those named last January ix cxS
Ise<tsd 70 cause retail dealers 10 re-
nEee their prices. II theen final die
'fseuSexs lower prices, the mill agents
"N1e1ts fhst .s1asVntaYe wiil bay an
1917 Mnsfal scale, and hetter busi.
ness viii result sil aYound.
New-York tribune., 1919-03-16
Says Cooperation Means
$4,000, 100000 Business

According to David Mosessohn, exec
utive director of tho Associated Dire SIS
industries OF America, 80 per cent of
the women of the country patronize in
dividual dressmakers instead of the
ready -to-wear shops, and yet the total
annual business Of the dress manufact-
urers amounts to $1,000, 100000.
There is $4,0000OO, 1000 worth of
business which the ready -to-wear peo-
pie can get if they will go after it
through proper organization and CO.
operation" he said
An intensive campaign to add at least
250 new members to the organization
within the next thirty days has been
launched. A committee composed of
twenty-five of the leading manufacture
ers of dresses in the country has volun-
teered for the campaign.
New-York tribune., 1919-03-16
Consumption Is Smaller
February Takings Below Those
of Year Before

WASHINGTON, March 15.-Cotton
consumed during February amounted
to 433 BIG running bales of lint and
1852 bales of linters, compared with
510,0S4 bales of lint and S7,961 of lint
ers in the corresponding month last
year.
Cotton on hand February % in con-
suming establishments was 1,55S,810
running bales of lint and 277,926 of
linters, compared with 1,695,955 of lint
and 158,342 of linters a year ago, and
in public storage and at compressers
4,351 $50 bales Of lint and 188,029 of
linters, compared with 1893, ,406 of lint
and 2oO,008 of linters year ago.
February imports were 9,720 bales,
compared with 1856 last year.
Exports were 44O,523 bales, includ-
ing lO6 bales of linters, compared with
359, ,774 bales, including 1850 of linters.
in February last year
New-York tribune., 1919-03-16
Proposal to Organize
Fur Industry Nationally
Various Associations Are On.
posed to 10 Per Cent
Excise Tax

Preliminary steps have been taken to
organize a national association in the
fur industry which will be representa-
tive of all branches Of the business. in
cluding the dealers, manufacturers and
dressers and dyers. 1t is expected that
convention will be held shortly, prob
ably in this city, at which definite ac-
tion will be taken.
This national organization. if it ma
terializes, will have for its immediate
and chief function the presentation of
the fur industry's protest against the
~ per cent tax on finished furs pro-
vided for in the war revenue bill. The
proposal to organize a national body
was considered at a meeting of the
board Of trade of the fur industry, pre-
sided over by Charles S. Porter, chair
man. The new association was sug-
gested by the members of the Chicago
fur trade. and met with the approval
Of the local association
IN addition to the fur trade organ
izations in New York and Chicago.
there are associations in Boston, Phila-
delphia, Milwaukee and MINNEAPOLIS.
and an effort will be made to have
these bodies become acquainted with
the plans before the first convention is
held. AS the preponderance of the fur
Industry is established in New York
some 1900 firms being located here-it
is expected that the first meeting will
be held in this city.
That some definite and uniform ac-
tion to have the fur tax section of the
revenue law revoked is urgently needed
is the opinion of the leaders in the
local trade.
"The law and it's possible interpreta-
tions," said David c. Mills, general
manager of the Associated Fur Manu-
facturers,. Inc, yesterday, "are in di-
rect conflict with the established bust
ness customs in the industry and have
already created extremely trying condi-
tions in the relationship between buy
ers and sellers. 1t is probable that the
only solution will be found in a con-
vention Of the various interests in
volved and the adoption of uniform pol
icies that will be established as trade
customs.
"The present organization machinery
is sufficient to accomplish this readily
under the leadership of some commit
tee appointed by such convention and
vested with the duty of bringing about
complete cooperation"