davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-02-25
Textiles
Better Buying Of Cotton
Goods Derelopes Great
er Confidence in
Prices

Slight Improvement in domestic
demand, more confidence as to the
stability Of prices, and more export
business developed yesterday in the
markets for cotton goods. Mail orders
for finished goods were received for
fairly large quantities. and it was
stated that buying from the centra |
ana northwestern sections of the
United States was particularly good.
Jobbers now in the market declare
tN2t retail trade is good, and that re-
tail dealers seem to be less disposed
to limit purchases.
Export orders for finished materials
were received by mill agents from
Cuba, Norway, Denmark, Holland and
Belgium through relief societies.
Buying of unfinished cotton goods
picked up somewhat. Prices for the
various makes took a turn for the
better, probably because of the large
sales made at the end of last week
to well-known manufacturer Of
shirts and collars. 1t was reported
that orders for approximately 500
600 yards of 6460s, 381s inches wide,
were turned down yesterday. the
price offered, o&4 cents yard, having
been unsatisfactory to the manufact-
urers. who asked 8 cents a yard. Goods
containing 70 threads to the inch of
warp and rs threads to the inch of
filling, 80 inches wide, with 425 yards
of cloth going to make a pound, were
quoted yesterday at ID cents a yard,
against 121a cents yard last week.
Lower prices for denim, this product
being used for overalls, stimulated
buying to fair degree yesterday.
New-York tribune., 1919-02-25
CoIors
Textile Makers Slow in
Ordering Dyes for
Coloring Ne,u
Cloths

Buying of anilinc and other dyes re-
quired by the textile industry is
limited. The majority of cotton and
woollen manufacturers have not vet
been able to determine which colors
will meet with the greatest popular
favor in fall and winter materials. and
until this can be more definitely de-
cided orders for large quantities arc
not expected.
Manufacturers of dry pigment colocs.
used for the making of PANTS, report
a revived buying on the part of the
paint manufacturers. Retailers in .ho
smaller towns throughout the country
and especially in the East, where tho
winter has been exceptionally mild. ara
selling paints to the farmers. AT the
same time there is more active de-.
mand from the same quarters for var
nshes and shellac.
1t is expected among dry pigment
color manufacturers that the building
strike Will be settled before building
weather" sets in. Should the strike
by prolonged it is generally recognized
in the trade that paint orders would
be considerably reduced.
New-York tribune., 1919-02-25
Business Money

The most notable feature in the
money market of yesterday was the
tendency Of rates to become hrmer.
This tendency has been noticeable for
perhaps the past fortnight and though
there has been no alteration in the
range from 5@5h per cent, the mar
rover quotation from 5@5A per
cent, for the better names. is now
raised by some sources to 5H 05R per
cent. The banks tell the commercial
paper brokers that they can get paper
at 512 per cent, though the brokers
getting it for that. But the New York
banks are little interested, so the
brokers sell most of their paper at low
willing enough to take paper at per
cent.
The effect Of an increase in rates
would be interesting. Some brokers
believe that is the real question troub
ling the banks and that they would
buy paper readily enough at, say, "
per cent. But opponents Of this view
hold that the New York banks have
other uses for their funds. They. are
taking an enormous amount of Treas
ury certificates Of Indebtedness, though
they yield only Az per cent. And for
the surplus that the banks have after
that the call money market on the
Stock Exchange, with a present ruling
rate of 512 and per cent, yesterday
even touching per cent, offers very
tempting channel. 1t is, there fore,
held that slight increase in the rate
for commercial paper would not lead
to sufficient enlargement of demand
on the part of the New York banks to
be worth while making.
The amount of paper coming on the
market was greater yesterday than for
some time. This may not have been
significant, as Monday is usually the
best day of the week, on account OF
the accumulated mail, and the holiday
of Saturday may have made this ac-
emulation greater.
An increase in commercial borrow
ing, which is now better than it has
been for the last three or four weeks
is reported by the acceptance dealers.
This increase comes mainly from the
packers. But so far as the demand
for this form of paper from the banks
is concerned, dealers say it is duler
than ever, if such thing be possible
This is brought about by the call
money ruling at 51a per cent. With
New-York tribune., 1919-02-25
.Jewelry
Belated Buying OF We'd
ding Gifts and ,Siluer-
,Uare Keeps .Je,Uet-
Lers Actire

Belated buying of wedding gifts for
brides of soldiers is adding consider
ably to the present demand for iewelrv
and silverware in all parts cl the coun-
try. In many cases where bridegrooms
nastened away to war after the per-
formance of the wedding ceremony. the
customary ring is being purchased now,
since the man in the case has returned
from France. This condition is looked
upon in the trade as one of the reasons
for the great demand for solitares.
The same applies to slverware.
Brides of departing soldiers in the ma
jority of cases did not establish homes.
but lived with their parents during the
absence of their husbands. Since thou
sands of the latter have returned,
homes have been established and this
has necessitated the purchase of silver
ware for the table. Besides this,
friends and relatives are contributing
gifts in the shape of useful silver ar
ticles.
New-York tribune., 1919-02-25
Chemicals
Orerproduction Tends to
Keep Prices for
Heauy Chemicals
Unstable

Heavy industrial chemicals are still
unstable in price owing to overprOduc-
ton due to the war. This condition is
not expected to be remedied until
further progress has been made in the
absorption OF these chemicals for peace
uses, and until that time a curtailment
in production, notably in sulphuric
acid, Of which there are great guam
titles on hand, will be in order
But producers of sulphur are much
encouraged over the outlook for their
industry, which expanded considerably
during the war While war demand
has ceased, there is a growing call for
sulphur in peace industries. Large
quantities are used in the manufacture
of pulp paper, black powder and fer
tilizer, while rubber vulcanizers also
use considerable quantities. The de-
mands from these quarters are IN.
creasing and il IS ozpected will be
much larger once ~'1eral Industrial
New-York tribune., 1919-02-25
TELEPHONES:
Beekn,an 8243
Beeknan 5000
Lower Steel Prices
Are Expected Shor,,v
Independents Operating Ies.
Capacity Than U. 5. stee,
Plants

Independent steel companies s,.
greater need Of business fbon ~
United States Steel Corporation ~. '"S
panies Some Of the latter are os.~
ating at IS per cent of canac;., N''
better while operations of the FORM
are IN most instances down 70 so .''' Nv
cent or less. One Eastern stool ~, per
is closed down in nearly all dean p.slA
ments, and others have not mors ta't +a.
81 to 90 days to run if business shaa1 s'.aR
no marked Improvement. 'HO"s
An announcement Of lower nricos
steel products, which is expected r Oh
IS likely TO come from some indsNou' O''
dent producer, with others takinc ss.': ss':-
lar action soon afterward. ''"'''
The American Sheet ana Tn, d,
Company is operating both iis sL@'e ,@'e
mills and tin mills AZ around - S"eeI
cent capacity, it having received opS PEI
siderable business from ne automoh;,.
manufacturers for special sheets h''T'o ~,
TN mills are beginning to make nren.r N
ations Tor taking care of this veo,,.
fcod crop. and while independent MIL NIL
are not exceeding so to 60 nor D,,,.S oaa,
operation. the American Sheet and T;a
Plate Company Is doing better tban %
that. '''i man
/ he National Tube Company is also
DONG exceptionally well, its onerst;onS
averaging so to 80 per cent Of canac;,v
Large tonnages Of line pipe for nrc.
lected gas and oil lines are under neao.
tlatlon, and if placed soon viii gvo
lhe mllls good volume of tonnase on
the books. One inquiry is in the mar
ket for 300 miles of eight-inch pine
and Mexican project Will reovirs
about forty miles of ten-inch nine
There is large general demand for
OIL country goods, the oil comnanis.
having started UP postwar activifiss
ON large scale
Output of semi-huishcd steel md
plates by the Carnegie Steel Comnsnv
Is not on as large a scale as the sbeet
TN and pipe mills are operating. but
the Carnegie has fair sized bsctIoc
Of orders upon which production hos
oeen maintained at better rate sAan
has been possible at the independent
mllis. The wire trade is generally dull
and the American Steel and Wire Com
pany, IN common with other wire pro-
ducers, is not operating anywhere near
normal output. Some OF the mills are
down to about 80 or 40 per cent, but
the corporation interest is doing some
what better than this
The American Bridge Company is
operating largely on ship work, which
IS not in sufficient volume to maintain
full operations The lack of demand
tor structural steel for building pur-
poses has affected its structural roll
lngs and fabricating to a considerable
extent.
New-York tribune., 1919-02-25

facturers to ship their goods in COM
petition with the merchants and manu-
facturers of the rest of the world.
~ found a general feeling that price
props should be taken away from ma
terial, and that price fixing in all forms
is uneconomic and should be elim-
mated. There exists difference Of
opinion as to whether price changes
should be made suddenly or slowly"
Mr.. Mitchell was asked how the
financiers and merchants regarded the
prospects for the Victory Liberty Loan
cat this time, before the flotation of
the previous four loans, the greatest
pessimism existed as to its success.
And this loan is no exception. Probing
beneath the surface, found that while
many believe that it will be necessary
for the banks TO take larger proper.
tion of the loan than heretofore, there
is a genuine belief that there will be
considerable taking up of the new Sc
curitles by the people Of the country.
The success of the previous loans was
made possible by the Americanism
which spells 4 will rather than the
patriotism stimulated by the boom of
guns in France.
The country. by and large was more
uniform in respect to conditions and
views of leading men on the important
issues of the day than | have ever seen
it before. And this state of affairs
alone is enough to make one optimistic
as to the future. If many dlstin-
guished men have their attention
rivetcd on a set of problems their mag
nitudc will become of smaller conse-
quence"
Asked about the traction situation.
Mr.. Mitchell replied that in every city
the companies are trying to meet $50
per cent costs with 60 per cent nickcls.
New-York tribune., 1919-02-25
Business Men Optimistic
Throughout the Country
Investment Banker, Retu rnng From Tour, Tells
of Trade and Indus trial Conditions as He
Saw Them - The Inland Point of View

Returning yesterday from a month s
tour throughout the country, Charles
+. Mitchell, president of the National
City Company, said that wherever he
won't he found among bankers and men
of business spirit Of conservative
optimism as to The future.
"Business men and bankers" he
added, care not disturbed by conditions
of the moment. BY and large, there
is no distinct pes msm as to labor.
As out Of door work is resumed the
labor problem will assume lesser i'm
portance. Even at present, generally
speaking, the percentage of unemploy-
mcnt is only slightly larger than nor
ma.ly. There seem TO be relatively
fewer men out of work i'll the West
than in the East
"The merchants are reporting bust
ness as fair and the industries as slack.
Manufacturers are holding back on ac-
count of price control, and in regard
to world trade they are hesitant, await
ing a settlement Of the future of the
mechant marine, the attitude of the
country toward foreign investment and
exchange and tariff problems.
"Men in points inland are taking a
broad view of the future of shipping.
They do not look upon the word sub
sidy' as they were wont to. They feel
that if the government fleet is to be
used for the development of American
commerce there must be q subsidy in
one form or another, to the end that
American ships may travel on desig
mated trade routes at rates which will
permit American merchants and manu-
New-York tribune., 1919-02-25
ne Il lrlbune>s $ rage OF Bus1n ss News
Report Shortage of Hosiery
Wholesale Dealers Have Diff.
cultv in Filling Orders

Wholesalers of high-class hosiery
are having difficulty in acquiring
enough merchandise from the mills to
fill orders on their books One prom-
nent seller Of stockings said yesterday
that he could accept no more orders for
silk hosiery until July.
The knitters who work on full
fashioned hosiery are on strike now
and there would be a shortage of this
class of labor even if there were no
strike, it is said Many of the skilled
knltters were drawn into other indus
tries during the war and have not re-
turned to their old positions, even
though they normally earn as much as
$40 a day.
The tendency of the demand is to-
ward the lighter and brighter colors in
contrast to the sombre shades of the
war days. Lace hosiery, especially, is
much wanted now and the supply is
inadequate to fill the demand.
New-York tribune., 1919-02-25
Expect Greater Activity
I'm Woollen Goods Soon

Selling agents of woollen goods mills
are more optimistic. The number of
inquiries and visits from buyers leads
them to believe that fairly big busi-
ness is ahead. This week there will be
initial showings of fabrics by several
mills. BY next week the trade should
be fairly active.
The reason for the keen interest
buyers are showing in approaching ex-
hibits may be found in prices. Reduc-
tlons will be the rule. One prominent
mill owner said yesterday that the
actual cost of raw materials and labor
was less the basis for prices this wear
than ever before. at would be poor
business to close our mills simply be-
cause we can't get what we think our
goods are worth" he said. "Taxes and
overhead must be paid. 1t would be
better for US to run at an actual loss,
if necessary"
New-York tribune., 1919-02-25
Leather
Strike in Brooklyn Fac
tories Causes Buying
Rush in " OTnen7S
Footwear

Wholesale shoe dealers are now con-
fronted with marked shortage of worl-
ems shoes because the labor unrest
that has existed in the Brooklyn shoe
manufacturing district came to head
yesterday, when the turn makers and
work. AS result the daily production
of $4,000 pairs Of 0yomen's shoes Will
be greatly curtailed, if not entirely
suspended. One large manufacturer
expressed the opinion that the strike
viii develop into general lockout and
have widespread influence upon ths
shoe market.
What is known as the Brooklyn
group of shoe manufacturers really
spread through other sections of Long
Island. In these factories are made a
large percentage of the women's shoes
sold in this market. Shoes of the
higher priced variety predominate in
the lines manufactured.
That the strike was anticipated by
the retailers was evident by the num-
Der Of men in the wholesale market
yesterday for womens shoes. The
manufacturers say that the workers
selected this season of the year for
their strike because it is the most op-
perfume for them, as the factories are
now approaching the top-speed point
in the production of their Easter sea-
son orders ffow the trouble will end
no manufacturer or dealer would vent
ure to predict, but they all agreed in
Saying that if definite action to settle
the strike ia not taken Immediately the
women's shoe situation from all angles
VIII become seriously affected
New-York tribune., 1919-02-25
Heavier Export Demand for
Twine and Cordage Reported

Export trade in twine and cordage is
reviving, but domestic demand is lieht,
Stocks in the United States are said
to be low. Rope is in demand for cx-
port to Scandinavia and South Amer
ica for use by agriculturists as we'll
as the fishing trade. Prices for cotton
cordage are 20 to 25 per cent below
the level of last October. Manila and
sisal cordage after declining 35 per
cent has regained about ali of the
loss, owing to the sharp advance in
the prices of hemp, the basic material.
The Philippine government is reported
to have taken action to maintain the
price of hemp.
New-York tribune., 1919-02-25

the rise in this rate the position of
the acceptance market becomes less
satisfactory than ever.
It is expected that the Belgium $780,
100000 credit, which has now been
closed: will come along shortly, and
that the first instalmcnt of bills may
be drawn in a few days.
An arrangement is understood to
have been reached abolishing the col
lection charge of LAO Of ! per cent
hitherto levied on acceptanccs payable
out of town. This will henceforth be
handled through the Federal Reserve
banks
The range of rates on commercial
paper remains unchanged from Friday
and week ago: Two, three, four,
five and six months paper 5M51a per
cent.
Prime trade acceptanccs, running
from fifteen to sixty days, were
o(aoA per cent. Sixty to ninety day
acccptances were 5a5la per cent. In
dorsed trade acceptances were AZ per
cent for all maturities.
New-York tribune., 1919-02-25
Restless Energy of
American Interests
Disturbing London
British Labor Exhorted to
End Disputes Speedily
and Prepare for Foreign
Trade Competition
By George w. Glass
Ne,c York Tribune
Special Cable .Service

Special Cable Service
tCoryright. 1919 New York Tribune lnc)
LONDON, Feb. 22--The labor stu
alton in its bearing on future industry
is the entirely dominant question here,
and debate in both branches of the leg
iSlature show the extent of its infu-
once on all classes. Lord Crawford
described industry as stagnant, alarm
ed and nervous, and that is hardly an
exaggeration.
Strenuous efforts are being made to
grapple with the numerous issues
which are causing unrest. The govern
ment decision TO call national cob :
ference of employers and employees
and the premier's prolonged talk to
the miners executive committee. dur
ing which he requested postponement
of the strike decision until opportuni-
~ could be afforded to make thor
ough inquiry into mining conditions,
somewhat eased the tension.
Statistics showing the enormous
growth of the American export trade
and the shipping output provide the
texts for strong appeals against labor
dcllOH WHlCn must TetdIu Tue tTdue
recovery of Britain, and these are
underlined by the visit to Europe of
Messrs. Vanderlip and Benedict, pres
ident and president of the Ma
tonal City Bank of New York, to lay
the foundation for great extension Of
American banking enterprise. There
are other evidences of the restless
energy of American financial and COM
mercial interests.
A new banking organization entitled
the British Overseas Bank has been
formed here under the auspices of
prominent banking concerns. This helps
to show that British bankers also fully
realize the need for action to prepare
for future trade expansion, but its
success depends on q speedy labor set
Element and production sufficient to
permit reeentry into the foreign mar
kets forfeited during the war.
The British treasury has modified
it's procedure for the consideration of
applications and the granting of per
mission to issue fresh capital, promis-
ing speedier decisions, but maintaining g
restrictions in order to insure pref
erence for reconstruction enterprises,
and the supervision of export capital
10 prevent an unavoidable drain on
foreign exchanges in view Of the heavy
adverse balance of trade.
New-York tribune., 1919-02-25
.F'urs
Sample Fur Garments
Being Offered for In-
spection by Re-
tuiIerS

The fur manufacturers are in the
midst of what is known as the sam
pie season." the period in which the
various styles TO be offered later are
presented for inspection by the re-
tallcrs. Style is now the big factor.
the question of material and quality
receiving serious consideration when
the purchases or orders by retailers
indicate what particular variety Of
pclt is likely to be in demand Every
thing, as one manufacturer expressed
1T, is now on the move, with the call
for no fur being greater than another.
Many out of town buyers now are in
the city placing orders for summer
furs, which run almost exclusively to
stolls. Originally white fox was the
summer fur most in demand but this
year the range of skins runs from
ermine to black coney.
New-York tribune., 1919-02-25
Crude Rubber Market Firm

The crude rubber market yesterday
ruled strong. According to one inn
porter London cables advise that spot
stocks are exhausted, with no arrivals
in sight before March. Reports
showed a slight falling off in the Lon
don market, with ribbed smoke sheets
quoted at 24%d d and latex pale crepe
at 25A d. Cable dispatches on Friday
quoted ribbed smoke sheets at 25d
and latex pale crepe at 26d.
New-York tribune., 1919-02-25
Government Testing
New Long Fibre Cotton
Business Ne1us Bureau

Business NetUs Bureau
Special Correspondence
NEW BEDFORD, Feb. 24-Govern-
ment experts here are making extern
sive Investigations into the new Meade
cotton, with a view to its use as a
substitute for Sea Island cotton and,
possibly, also Of American Egyptian
cotton. The Meade cotton is of long
staple and, maturing earlier than Sea
Island, escapes in large measure the
ravages of the boil weevil. which plays
havoc with the latter. The tests be-
ing conducted by the New Bedford
Textile School are designed to show
the relative spinning qualities of the
new cotton. C. +. Killingsworth, of
the United States Bureau of Markets,
who is in charge Of the work, expects
to be able to make public the results
of the investigation within two weeks.
New-York tribune., 1919-02-25
Fur Manufacturers to BANQUET

The annual banquet and meeting of
the Associated Fur Manufacturers,
Inc, will be held at the Hotel Pennsyl-
vania tonight. Adolph Engel is presi-
dent of this organization, which has
shown constant growth since it's for
nation and which now includes in its
membership 900 manufacturers, who, it
is said, produce about 90 per cent of
the goods manufactured for wholesale
trade in the United States.
New-York tribune., 1919-02-25
Egyptian Cotton in Urgent
Demand for Tire-Making Yarn
business Mems Bnren,,

Business Ne1ps Bureau
Special Correspondence
NEW BEDFORD, Feb. 24.-There is
lively demand for Egyptian cotton
among mill owners here, with little Of
it in sight Consequently the price has
jumped five cents in the last week or
so. The search for Egyptian is caused
by a sudden call for til. yarn, with
the specification that it be made out
Of combed Egyptian cotton. Peruvian
Egyptian has satisfied the buyers in
some instances, because of the small
amount of Egyptian found to be avail
able at any price.
New-York tribune., 1919-02-25
Q9rlbune
0,9;;dXSerViCe G;
You must make your first
payment on the income tax ON
March Is to take advantage of
the insialment plan.

r HE Federal reuenue lav, sender
'chich 1918 income as taxed, is IN
some respects q highly technical docu-
ment: and it ,oiU bs further complicated
6y rulings and interpretations OF the
lreasury Department. The taxpayer may
rnd 1t hard TO Gns.0er such questions
as hoio much tar must be paid, ho1o to
pay the tar, hoto to fill IN the forms on
achich returns must be made, to auhat
erfent, if any, IN income is erempt from
the ieUy, etc. The corporation mag find
1t equally difficult to solue problems
connected lcith the income, aVav and
crcoss profits .imposts.
The Tribune has therefore provided
this Tan .Seyvice Department. Throuqh
the courtesy Of the Guarauty Trust
CoMpaNN of New York.
New-York tribune., 1919-02-25
Loan Banner Cloth Ordered
Call for Fine Cotton Fabrics
Continues Slow
Business Nous Bured,

NVFCFU1 C0TTF6pOHutNCc
NEW BEDFORD, Feb. 24.-Inuuiries
for fine fabrics are increasing, but not
enough sales have been made to war
rant increased activity at the mills,
and consequently the cotton buying
has not been heavy.
The print cloth market in Fall River
is better than it has been for several
weeks: A considerable order has been
placed for goods to be used as ad-
yyertislng banners in the next Liberty
New-York tribune., 1919-02-25
Holidays This Week

public.
Friday~~In Uruguay
land, Salvador and Turkey.