davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-23
The Tribune Page Of Business News
Business Money

The commercial paper market of the
week was extremely dull. Demand for
paper was fair and came largely from
out-of- town banks, but very little fresh
paper is coming out. Dealers report
that they could sell perhaps three or
four times as much paper as at pres
ent if only they had It to sell. The
big firms especially seem to be out of
the market for borrowing. Paper bro
kers report that their largest accounts
are borrowing only one-half to one
quarter of normal. Various excuses
are offered for this. Business is sup
posed to be holding off until the def
mite peace treaty is signed. 1t is sup
posed to be waiting for prices to reach
rock bottom before it buys raw ma
terials that it intends to sell in the
form of finished products.
If these are the real reasons, then
the Developments of last week should
act to break the deadlock. Intimations
from Paris are that the peace treaty
will be signed in relatively short
time. Prices of the country's basic in
dustry, steel, have ben cut TO figure
sanctioned by the government, set up
ostensibly for one year and backed by
the government not morally only, but
by the intention to enter the market
as purchaser in behalf of the rail
roads. This entrance of the largest
purchaser in market has often
marked the end of hesitation on the
part of all other buyers. The moral
influence of the steel market may make
itself felt in other markets.
The ruling rate on commercial paper
for the week was 51s per cent. This
is for paper of the customary maturi-
ties of four to six months. Exception
ally good names of 9, shorter maturity
go occasionally at 5A per cent in the
New York market. That rate is fre-
quent in Chicago and other QUITO town
districts.
The demand for bank acceptances
showed a remarkable increase l.. the
early part of the week The one
trouble was that business is not bor-
rowing and dealers could not get the
bills to sell. The bills they had were
rapidly absorbed. In the early part of
the week. too day to day money was
plentiful and call rates more low, max
ing bank acceptances more desirable.
AS tax payment checks began to come
in from the government and to be pre-
sented to the banks for payment, con-
ditons in the call money market re-
versed, and the demand for bank ac-
ceptances slowed up somewhat. But
throughout the week it was we'll able
to take care of the supply.
The initial instalment of bills
against the s50.O0O,000 Belgian accept
ance credit awaits the arrival Of the
Belgian commission that will draw the
bills.
Fifteen to sixty day prime trade ac-
ceptances were quoted at 5@5A per
cent; sixty to ninety days, 5(151a per
cent; indorsed trade acceptances, Az
per cent, all maturities.
New-York tribune., 1919-03-23
Rubber
Reclainners Complain, T hat
Prices for Scrap Rubber
Are Too Hieh

Rubber reclaimers declare that un-
less they can buy scrap material
cheaper they will have to close down
their plants. They say crude rubber
is produced now in such enormous
quantities and sold at such low prices
that the reclaimed material does not
hold any appeal to the rubber goods
manufacturers. Some of the manu-
facturers are said to be endeavoring
to relieve themselves Of contracts for
reclaimed rubber. having decided that
crude is a more economical material to
handle.
Prospects for a change in the crude
rubber situation in favor Of the re-
claimers are held to be slim, for it is
pointed out that the acreage in the
Far East plantations is rapidly increas-
ing In 1900 the crude rubber proauc-
ton, Of the plantations totalled only
about four, while it is estimated that
this year will see 100000 tons of plan
tation rubber placed upon the market.
Looking further into the future, rubber
men predict production Of AGO. 900
tons of plantation crude for 1923.
With these facts before them, the
output must go down so that prices
will compete with. those of crude. La
Dor has been the most important fac
tor in bringing reclaimed rubber to it's
present cost to the manufacturer. An
official Of one big rcclaimng company
declared that the labor cost on con-
version of scrap to reclaimed rubber
alone had increased over 100 per cent
during the last eighteen months.
When the government put restric-
tions on the importation of crude into
this country, the price of scrap went
up to high figure. An immediate
drop in the cost of scrap would help
to alleviate the situation. in the opin-
ion of the reclaimers. They say that
reclaimed tire rubber now costs from
16 y to 17i@ cents a pound. AS there
is only about so per cent rubber in
the reclaimed product, this class of
material really costs the manufacturer
between SO and 35 cents per pound of
rubber. With certain grades of crude
now selling around these figures, the
dealers in reclaimed rubber feel that
there is little incentive for the man
ufacturer to buy their product.
New-York tribune., 1919-03-23
Chemicals
Government Expected to
Offer Phe1ol and Other
Chemicals This Week

Until the government has disposed
Of the bulk Of it's chemical holdings
consumers are expected to withhold
their orders. The government of
ficiais are expected to offer some Of
Accumulations of phenol and other
heavy chemicals this week, after
which the trade believes prices will
become moro staple, and the demand
from consumers will improve.
Export inquiry for chemicals is
fairly active, but the actual business
transacted ne result of these in
quiries Is not satisfactory to some
OF the producers. The opinions pre-
walls. that In many cases these for
eign inquiries, especially where they
come from certain European <our-
tries. are merely efforts On tho part
Of competitors abroad to learn the
American price schedules. ',FF ~
New-York tribune., 1919-03-23
virginia Iron Earns $l1.24 a
>. Share on Capital Stock in 1919

: Sthc annual report of the Virginia
ifon, Coal & Coke. Co. for tho year
ended December 81. 1918, shows yross
earnings of Sl3.083,0 This COW cnn,s
pares, with s7,675,856 for the vnar
ended june 80, 1917. After exnonsas a'
SIC, net amounted to sl,7372 293. to-
wnich Nnn income from other sources Of
$so,sV0 !, D., was IS added, bringing the gross
reserve of s815.4 was se+ .s;as
baIancn bal Interest ana taxes, leaving a
seguai to $1l24 a share. earnad m +pa pa
ss,V'd, 900 capital stock, as compared
Ma.h ai,O24.36a, or sl1.2s a share. in
ne year ended June 80, 1917. After
s"assoends Of s544,416, surplus for The
year amounted to S475.775.
New-York tribune., 1919-03-23

American manufacturers, E. G. Por-
ter, executive secretary CT the Ameri-
can-Russian Chamber Of Commerce, be-
lieves, should be concentrating their
attention on the possibility Of develop
ing the markets which lie east of the
German frontier. These include Po-
land, Bohemia, the Balkan states, Ru-
mania especially, and eventually Rus
sia. The Importance of these markets
as immediate fields for American en-
deavor, Mr.. Porter states, lies pri-
marly in two things, namely:
"Advices from Paris indicate that
France, England and Italy will adopt
Of necessity policy which will elimi-
tion Of manufactured articles. Such a
policy will be based on the fact that
unless such prohibitions are put into
effect it will be extremely difficult and
almost impossible to arrange for the
payment of the goods and at the same
time to meet the heavy burdens of war
obligations.
"The countries lying east of the Ger
man frontier, with the exception of
Poland, prior to the war were non
industrial countries. In other words
they had practically no manufactured
production on large scale. They i'm
ported the bulk Of their manufactured
articles. AS a result, they require all
the primary necessities of everyday
living in the form Of general merchan-
disc, such as clothing, textiles, under
wear, shoes, etc. In addition, they will
require all forms of machinery equip
ment, in order to reestablish produc-
tive processes. Such demands will ne
cessitate the importation of large
quantities of agricultural machinery
tractors, mining machinery and ma
chinery of all varieties"
Slow to Grasp Situation
Up. to the present time American
business interests, Mr.. Porter holds,
have failed to grasp the Importance of
the outlets for their merchandise which
these markets offer.
Besides" he said yesterday, "when
the facts have been called to their at
tention they will at once raise the
question in regard to the possibility of
receiving payment for goods sent to
these markets, and also the question in
regard to the possibility of continued
political and social disorders. In other
words, the American manufac turer has
naturally hesitated to consider markets
in which there. has been as yet no re-
turn to former conditions and in which
merchants and manufacturers were con-
fronted with serious obstacles in con-
nection with the financing of goods
Yet in spite of these difficulties, which
are selfevident, the American mer-
chant should nevertheless be focusing
his attention upon these markets.
American business should keep in mind
the fact that stablization in The coun-
tries of Eastern Europe is dependent
upon the resumption of productive
work. The resumption of productive
processes in Poland, Bohemia, Ruma-
MIA and South Russia is in turn dc
pendent upon securing the mcrchan-
disc, manufactured articles and ma
chine equipment absolutely essential to
the development of any form Of recon
struction. Concentrated action in the
form of economic supplies on the part
of American business interests in re-
gard to these markets will in itself be
the most effective medium for the crca-
ton of stable and orderly conditions.
In regard to payment for merchan-
New-York tribune., 1919-03-23
Pajama Business Grows
Soldiers and Women Use Gar
ments Now


The war has had stimulating effect
on the business Of the manufacturers
of pajamas. Hundreds Of thousands of
pairs were purchased by parents and
others and sent to soldiers, who became
sufficiently familiar with the garments
to demand them upon their return to
civil life.
Women, too. are buying pajamas for
their own use, not only in silk and
other fine materials but in the more
serviceable fannelette and heavy cot
ton materials. The latter are cut along
plain lines and differ but little from
the models for men. They are used
largely as outdoor sleeping garments.
The sale of these Is said to be better
in the Western states than in the
East.
OF late there has been a noticeable
increase in the demand $for the old
fashioned nightshirt "a mans ward
robe is not complete now without both
, 'hightshirts and pajamas," said promi-
,tent 4 manufacturer yesterday. "He
wears his night shirt as sleeping gar
ment at home because it affords greater
comfort than pajanas, and wears the
latter for lounging or as night gar
ment when travelling"
Prices on, most grades Of pajamas
are about the same as last year, al
though raw materials in most cases are
higher. The larger manufacturers are
using materials purchased before the
peak prices were reached, at price
which is still under the present market
and are giving their customers the
benefit of this. F]annelette, used in
making winter pajamas and nightshirts,
was offered at the opening Of the SELL
ing season this year at prices 10 per
cent above those of last year.
New-York tribune., 1919-03-23
French Reported Buying
Machine Tools Here

The French High Commission is now
buying machine tools in the American
market, while private consumers in
France are negotiating for similar
products, according to the statement
made yesterday by an authority in the
trade. The bulk of the orders is be-
ing placed for future delivery, and it
is understood that these are subject to
long term credits
1t is believed that the products now
being bought are part of the 4O,OOO.-
900 worth of machine tools that France
is in need Of and which the French
government will permit to be imported
under favorable terms of payment, ac-
cording to the announcement recently
made in Paris by Bernard N. Baruch.
New-York tribune., 1919-03-23
Union Bag and Paper Corp.
Earns $l4.32 on Capital Stock

For the eleven months ended Deceni-
Der 81. 1918, the Union Bag g. Paper
Corporation reports net earnings
amounting to S2,619,173, which COM
pares with $3,1311.106 for the proceed
ing year. The fiscal year has been
changed to end December 81. A re-
serve of $A60.720 was made for depre-
citation. Other income aggregated Sso,-
$40, making gross of s2.205,S37.
The company earned during tns s
period Sl4.s2 share on the sa,ss7 aeo
outstanding capital stock. against So
lo2,1l6 or S2l.sa share in the twelve
months ended JanGary 81. 1918. Holders
Of the stock sharedSdividends OF Sess'.
o!4. Balance wac Ssssi ,64a, whsah WAS
added to previousrsu surplus. hrinela: the
profit and loss sprnlus to S3,lIa,.R.
New-York tribune., 1919-03-23
COlOrs
Large Stocks Of DyestuHs
Held at Rotterdam Are
Asua;ted Here

Textile and paper mills are still re-
stricting their purchases of dyes to
actual needs. Most of them, it is be-
licved, have only stocks enough on
hand to meet their requirements for
two or three weeks.
Meantime there has been falling
off in the demand from consumers in
Mexico, South America, the West In
dies and the Far East. 1t is assumed
that in these countries, as we'll as in
others, the dye users are awaiting
further settlement of international
trade conditions.
A large dealer stated yesterday chat
the leather, paper and textile mills
in this country are waiting to see
whether or not European dyes will be
"unloaded" in this country after the
peace treaty is signed. 1t is said that
large quantities of coloring materials
have been held in Rotterdam since the
outbreak of the war, and in many cases
these are the property of American
consumers, and will be brought to this
country as soon as shipping facilities
are available.
Swiss dyes will play q large part in
determining prices in this country in
the near future. according to one au-
thority. These dyes are said to be
made of German Intermediates.
The exclusion of American dyes
from Australia is not expected to have
any marked effect on this market, as
Australia is not large consumer Dye
manufacturers do not anticipate an
extension of the exclusion principle
to other British dependencies.
Information has been received from
the official rnprQcortnti of thc Arc
tralian Department of Trade and Gus
toms in New York that dyes at present
on the water, or which will be actu-
ally shipped from the country of ex-
port before June l. 1919, in execution
ol orders placed prior to February 20.
will be admitted upon arrival in Aus
tfala.
New-York tribune., 1919-03-23
Retailers Buying Conservatively

THE Dry Goods Economist" reports
that retail trade In textiles and ailied
lines has been good this week. but
dealers are buying conseryatively.
West OF Chicago retail dealers have
done large business, and the upward
movement OF prices for raw cotton
has helped trade in the South. In tho
industrial centres, where there has
been cessation Of government work. or
labor unrest, rctAil srsds has been
restricted.
New-York tribune., 1919-03-23
West Jersey and Seashore

Earnings of the West Jersey e.
Seashore Railroad for 1918 amounted
to $952,6S2. To this amount other
income of $137,50o was added. max
ing total of $1,O90,19l. or s97.3is
more than that of the >vsar before.
The cost of rentals, inteTcst, etc ag-
gregated s4o3,4T2, leaving n not Of
S6S6,7lo. Dividends paid were $3.50
Sl2, the same as In the previous year.
Surplus OF sl3,412 was $1l,1a2 larger
than for 1917.
New-York tribune., 1919-03-23

adviser on trade matters to the Amer
lean peace commissioners.
The feeling among manufacturers of
machine tools is more optimistic. They
are convinced that buying for domestic
account Will soon make it's appearance
and that good prices can be main
tanned In proof of this contention a
large producer yesterday called atten-
tlon to recent auction sale of ma
chine tools in the Middle West, where
the prices paid by consumers, not by
dealers, reached almost the present
market level
New-York tribune., 1919-03-23
To Entertain Silk Visitors

The Japanese silk merchants now
visiting this country will attend a din
ner and entertainment on the roof of
the Century Theatre Monday evening.
The affair will be rendered by the
thrown and raw silk industry of the
United States. On Tuesday the visit
ors~will go to Holyoke, Mass, as the
guests of William Skinner, of William
Skinner e. Son.
New-York tribune., 1919-03-23
American Bankers Council
To Meet in Nav

Decision on whether the hcadauar-
ters Of the American Bankers Associa-
tion VIII be moved from New York to
Washington will be one of the most
important things which will come be-
tore the executive council of the Amer
lean Bankers' Association at the an
nual session, to be hold at White Sui
phur Springs May 10, 20 and 81. About
one hundred and thirty members of
the council will be present, represent
ing all states in the Union
New-York tribune., 1919-03-23
England Lifts PAPER En,bargo

The British Board of Trade has is
sued new orders which permit an in
crease in the importation of paper into
England From an English paper man
1T was learned recently that a great
shortage OF all sorts of paper now ex-
lists in England and prices arc abnor
mally high. 1t is expected there will
be large imports from America.
New-York tribune., 1919-03-23
Holidays This Week

Tucsday-In New York City, Aus.
trim Hungary, Brazil, Colombia, Fin.
land, Germany, Guatemala, Honduras
Malta, Nicaragua, Panama, Peru, Phil,
pplne. Islands, Spain, Sweden and We.
nezuefa.
New-York tribune., 1919-03-23
Permits Gray Goods Exports

Typewriter cloth and cotton cambrics
in the gray or unfinished state may
new be exported from England with
out license except to foreign coun-
tries in Europe and along the Mediter-
>Sanean Sea, other than allied countries
or Spain.
New-York tribune., 1919-03-23
Basic mm0dities
March 22, 1919
METALS

~ Np'''eu 'ne 'oid
New-York tribune., 1919-03-23

-os1q 8 ars.
New-York tribune., 1919-03-23

ON a $1,000 xOAr
The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1919-03-25

I Money.
=. -

Read Them Because They Introduce
you to the Latest Styles~--The La
test Comforts for the T Home---Ihe
Best Of the Worlds Inventions:
Read Them as a Matter Of Education.
Read Them to Keep Abreast Of
Progress.
Philip weekly review. [volume] (Philip, Haakon County, S.D.) 1918-1920, 1919-12-11

and mine may not be objects Of
charity. This then, is my idea
of rich man. If any one en-
joys life more than / do he is to
be envied for his riches"
All Of which is, of course, dis.
gustingly bourgeois, to employ
the jargon of professional envy
and discomfort. Yet this man
who boasts SO shamelessly Of
riches has amassed his almost
fabulous wealth in the manner
contemplated by founders of the
American republic. He has TAX
en- full advantage Of the institu-
tions of the land that establish
justice and insure domestic
tranquility. Consequently Karl
Marx and Trotsky have no mes
sage for him.
What then, shall be done with
this plutocrat? Clearly he is an
enemy of the proletarian revo-
luton. 1t may be necessary q
little later to establish q special
tribunal of the red terror in
Pierce, Neb., fittingly to attend
to his case. Chicago News.
Philip weekly review. [volume] (Philip, Haakon County, S.D.) 1918-1920, 1919-12-11

The John Serr house and con-
tents at Belvidere burned a few
nights ago, with a loss of ST, 800.
The town of Mystic, in the
heart of the Hills country, was q
victim of a fire last week that
wiped out it's business district.
Moore's store at Pierre was
entered Saturday night and
three fur coats priced at $500
were taken. There is no clue to
the party or parties who pulled
the stunt.
The order that takes off about
one-third of the passenger trains
of the country, effective Monday
Of this week, discontinues the
day passenger in and out Of
Pierre to the east.
Word has been received that
John Mcclure who is spending
the winter in Rapid City, suffer-
ed paralytic stroke last week
caused by the breaking of a
blood VESSEL at the base of the
brain. Reports Sunday were to
the effect that he was some bet
ter.-Midland Mail.
Owners of a herd of 1900
head of cattle lost 800 head in
moving them from the burned
out Powder river district in
Montana to Murdo. The herd
starting moving on October 9Th
were driven overland to Belle
Fourche and held there until
cars could be obtained. From
the time of loading until they
were in the stockyards at Murdos
took fortyeight hours, without
feed or water, and many head
died from this treatment. The
shipment reached Murdo
Thanksgiving day, about six
weeks from the time they left
their home ranch.
Philip weekly review. [volume] (Philip, Haakon County, S.D.) 1918-1920, 1919-12-11
A GOOD WAY TO PAY DEBTS

Instead of taking advantage Of
the country's bankruptcy laws
people who are facing financial
disaster should migrate to North
Dakota where it is possible to
pay debts without money, thanks
to the Townley ideas Of finance,
Here is the way they do it, ac-
cording to the Mandan Pioneer.
The fame Of North Dakota as
the home of the Post Dated
Check has been spread far and
wide, and we may expect to have
pleasant calls from these ar
lists. The payment Of several
bills by a customer in q Bis
mark store with checks dated
1929, instead Of 1919 has sent
the merchant to wonder il he
will have to wait ten years to
get his money, for the checks
were returned by the bank, mar
ked no funds:- He can't sue the
check artist for he cannot prove
ne won't have money III the
bank III 1929, and then the sup
RENE court has held that they
are legal tender, so he has real
" got his money"
Philip weekly review. [volume] (Philip, Haakon County, S.D.) 1918-1920, 1919-12-11
GOVERNOR GOES
AFTER COAL

Governor Norbeck, realizing
that the unusual weather condi-
tions which have prevailed in
the state for several weeks
means q heavy demand for fuel
later on when it may not be
forth coming, has gone to Wash
ington to have . personal con-
ference with the national fuel
administration. It is the gov
ernor's intention to see that the
needs Of South Dakota are pro-
perly recognized. There Is no
reason why this state should
not be given q greater prefer
ence and it probably will be
when the ginklets III the link
lets Of this government fuel re-
gulation have been interviewed
BY Mr.. Norbeck. Pierre Capt.
tall journal.
Philip weekly review. [volume] (Philip, Haakon County, S.D.) 1918-1920, 1919-12-11
BUILDING PRICES NOT
GOING DOWN SOON

Brookings, S. Dak.-Before
the prices of building materials
become considerably lower, wag-
es must come down, freight
rates be lowered and the supply
OF materials eaten up with the
demand, says Ralph L. Patty,
agricultural engineer Of the
State college extension division.
Just at present the demand for
building materials is much gre
ater than the supply, a condi-
ton that will exist until we are
somewhere nearly caught up
with the normal amount Of
the late war. This is not only
especially noticeable in the cit
les and towns but also In the
country.