davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-04-06

F'tIrs
Excise Tax Does Not De-
tract From This
Wpek's auction

The present strong demand for all
kinds of furs is expected to sweep
aside any dlatory effect which the 10
per cent tax on manufactured furs
might otherwise have on the spring
sale of the New York Fur Auction
Sales Corporation this week. The sale
begins tomorrow morning at the Ma
sonic Hall and will continue through
Saturday. Under ordinary conditions,
say fur dealers, the tax and labor dif-
fcutics in the trade might restrict
dealing to a certain cxtent, but the cal |
Of fashion has ovcrridden these retard =
ing influences. The sale will occasion
spirited bidding for furs, it is pre-
dicted.
Although the value of the goods
offered for sale approximates $1,000
COO and is the largest ever offered at
a spring sale, this is less than the
amount sold at the mid winter sale IN
January, but the spring sales normally
are smaller than the winter sales.
Out of town and local fur dealers
who have visited the warehouse and
viewed the offerings displayed much
interest in them and made frequent
notatons in their catalogues concern
ing lots on which they intend to bid.
New-York tribune., 1919-04-06
Syndicate 10 Finance
French Electrical Factories

Several prominent French banks have
entered into syndicate with Bon
bright & Go, Of New York, investment
bankers, for placing on the market the
securities of the Atelier de Construc-
tion ElcctricQues de Lyon ct du Daup-
hlne (eelectrical factories Of Lyons and
Dauphinc), according to AN announce
ment made yesterday by Bonbright e.
Co. This marks an important step in
the replacement Of German electrical
machinery in France. The securities
Of the new corporation offered by the
syndicate consist Of G,0o0 shares of 500
francs each, at par. The corporation
has a capital Of l2,000,O00 francs
divided into 1000 shares. The factory
was built in 1913 as Industrial Factor
les Of c. E. Gramont. and the new cor
poration was formed in order to give
the enterprise greater development.
The French market for electrical
machinery before the war was con-
trolled by two firms. and the French
factory was built primarily to replace
these German goods
New-York tribune., 1919-04-06
Going After Leather Trade
Tanners Will Take More Inter
est in Foreign Commerce

As result of discussions at the
spring meeting of the Tanners Council
at Boston, tanners yesterday declared
that the leather making industry in
this country will hereafter take more
active interest in export business.
f. A. Vogel, president Of the council,
at the Boston meeting told the tanners
that they were assured of the coopera-
tion of the government in opening up
the foreign markets to American
leather. He said that one government
man, at the recon mendation of the
council, was about to start on trip to
England and Europe to investigate all
angles of the leather situation there.
Another Investigator is to be sent to
South America, while third may go to
the Far East on similar mission.
In addition TO these vestigations
the council has appointed a committee
on foreign trade disputes. It also will
publish a house organ TO tell of the i'm
portance of the American leather in
dustry in several languages for dis
trbution to 5000 leather dealers in
foreign countries. Other activities in
connection with foreign trade included
the sending Of eighteen exhibits of
American tanners product to the sam
pies fair at Lyons, the issuance Of
pamphlets Giving world statistics and
tariffs on leather and raw stock and
the compilation Of information concern
ing the standing of leather dealers
abroad
New-York tribune., 1919-04-06
Organize to Improve
Silverware Conditions
III. A. MacEarand Heads Asso.
citation of Manufacturers
lust Formed

The Sterling Silverwarc Manufacture
ers is the name of a new organization
that has been formed in the icwclry
industry, with headquarters at lF
Maiden Lane. II. A. MacFarland. of the
Mount Vernon Company Mount Yer
non. n y, is president of the associa-
tion, which has for it's purpose the i'm
provcment of general trade conditions
Other officers are Charles W. Harman
Alvin Manufacturing Company. IL
Maiden Lane, vice -prcsidcnt; W A
kinsman, Towlc Manufacturing Com.
pany, Ncwburyport, Mass, treasurer;
Frederick S. Taggart, Is Maiden Lane
secretary. and George Carlton Com
stock, 6S William Street, counsel.
The board of directors is composed
Of Messrs. MacFarland Harman
+. A. Howard, Frank NJ Wnlling Com.
pany, North Attlchoro, Mass. George
{. Lunt, Rogers. Lunt &, Bowlcn Com
pany, Wallingford, Conn; H. b
O'Brien. international Silver Company
Wallingford Conn. and Alfred X. Pot
ter, the Gorham Manufacturing Com
panY, Providcnce r
New-York tribune., 1919-04-06
ColOrs
american Companies Are
Watching Steps Taken 10
PreUent Foreign fnuusion

Cheap grades Of coors, principally
blacks, blues, reds and greens, are be
ing bought in the American market in
large quantities by cotton dyers in
South America, India and China. Amer
ican exporters of dycstuffs are looking
forward to substantial orders from the
latter country, which is one of the
largest consumers of coloring materials
in the world and which prior to the
war provided a large outlet for Ger
man color products.
interest in the trade here is at pres
ent centred in the methods to be-
adopted to exclude foreign dyes, espe-
cially the German variety. from the
American market. The belief prevails
that dyestuffs manufacturers in Ger
man Austria will become intensively
active, now that the trade blockade has
been lifted, and that they will make
every effort to establish their product
in the American market. 1t is against
this and other encroachments that the
American industry is now seeking to
guard itself
British dye consumers. it was stated
by an authority yesterday, are purchas
ing heavily in the Swiss market. In
this connection the statement was
made that one of the most famous Ger
man aniline dye factories in Basel
Switzerland, had recently undergone q
reorganization. It's board of directors
Js at present composed entirely OF
Frenchmen, while many Of the German
stockholders still retain their interest
Practically the entire output of the
plant Is now being purchased by Eng
ilsh and French consumers.
New-York tribune., 1919-04-06
Textile Mill Shares Steady
Ludlow ''Righls" Sell at Z in
the Boston Market
business Neus Bureau


BOSTON, April 5.-Three hundred
and twentyfour textile mill shares
besides 100 rights to buy new stock
of the Ludlow Manufacturing Asso-
clates, were sold at the stock auctions
here this week. There were few
changes in prices, except in the case
CT the Dwight Manufacturing Com
pany, which was sold at $1,000 (par val
ue 5000, a decline of 80 points.
Three New Bedford mills figured in
the sales; three shares of the common
stock Of the Quissett Mills. selling al
22o, an advance of 4 points so Wam-
sutta Mills going at 1201a, decline of
2}2 points, and one share Of Nonquitt
Spinning Company bringing 1926. de-
cline of 3 points. Quissett common is
an active stock, and the shares are
nara to obtain, especially since an
extra dividend is anticipated.
Rights" of the Ludlow Manufacture
ing Company sold at 67s. and private
sales are reported as high as 7. At
that the purpose for which the issue
Of S2,000,000 of new stock is planned
viii be made public
Stock OF the Pacific Mills not offered
at the auction sales is exciting great
interest among investors 1t has sold
privately at 1861 ex-dividend, com
pared with 1907 in February. Indica
tions are that there will be "a distribu-
tion of accumulated earnings soon
The company has total surplus and
reserve Of more than $18,000,OO0. It
is we'll known that this corporation
owns large amount of Liberty bonds
New-York tribune., 1919-04-06
.Jewelry
More Business in Siiuer
Than Manufacturers
Can Handle

Silver and silverplate manufacturers
have been so pressed with business
during the last few months that sev-
eral of the larger concerns have been
forced to refuse orders or to accept
them only with the understanding that
deliveries would not be made for two
or three months. An added stimulus
has been given their business through
the unusual demand that has come
from retailers and dealers for silver
ware for June weddings. One big
slVersmith declared that the outlook
for June business is excellent and that
orders already received for silverware
for delivery prior to that month are
greatly in excess of those Of other
years.
Retailers arc particularly anxious
to obtain the better grade articles
Manufacturers are receiving large or
dcrs for plated ware, but bccousc Of
the accumulation Of orders since the
signing Of the armistcc they have been
unable to keep up with the demand.
Flat ware. knives and forks, etc, are
in particular demand, one company re-
porting that on one pattern alone it
IL 5000 behind orders. labor that
entered other fields during tho war is
slowly returning TO the silvcrsmiths.
and the manufacturers expect that
they VIII shortly approach a normal
production basis. With the price Of
silver regulated by the government the
silvcrsmiths say that it is not possible
for them to make any reductions to The
trade at this time
New-York tribune., 1919-04-06
Suggests Credit ReyisiOns

Credit informations should be re-
vised and attempts of buyers to in
crease their orders beyond normal ca
.pacity should be checked, according to
@Thc Bulletin" of the American Mems
and Boys Clothing Manufacturers As
soeiation. The article containing this
advice was written by Miss julie Sim
son, credit manager for j. Schoene-
mann, Baltimore.
THE past two years Of unusual bust
ness activity" says Miss Simson, "show
q comparatively small percentage of
Business failures, while the prevailing
trend, on account of the reconstruc-
lion period, predicts Il somew what gloomy
aspect for business failures; this re
action is more likely to occur in the
latter part of 1919.
'.ln pursuit of safety and success
combination Of ideals-weed out those
accounts that have continued chroni-
caiiy slow during the prospe rous busi-
ness period, and watch the credit limit
OF those accounts to return TO the level
Of the prc-war period. but in determin in
ing this limit the purchases in
units should be compared with those OF
the prewar pcdiod. Wherever there is
\ tendency 70 increase over the nor
mai requircmnts, rduce orders to con-
form with the merchants past capacity
Not the least important. however,
should be tho thorough revision Of all
Erecit Information 10 enable the credit
nfantof TO thoroughly and intcIligontiy
study sll phases OF the risk"
New-York tribune., 1919-04-06
Metals
Foreign Buyers Place Fen
Orders for Wetals De-
spite Many Inquiries

uncertainty as TO prlccs is resulting
in hcsitancy on the part Of foreign
buyers in placing orders for metals.
Inquiries from abroad were reported
active yesterday, but actual orders are
said to be slow in coming through be-
cause Of the unsettled market condi-
tons. The demand for steel and con
per, according to one exporter, "is com
ing from all countrics,' and many or
ders would be forthcoming at once if
guarantees could be given that con-
sumcrs would receive the benefit of a
drop in prices after they had placed
their orders. Some metal dealers are
SAID to be willing to enter such a con-
tract if the buyer will engage to make
good any increase in the price of metal
at the time of delivery. Such an ar
rangement, however, does not interes 5 t
consumers.
Copper orders showed no signs of
increasing yesterday and the metal was
weak at ~ cents a pound, with small
sellers willing to shade this price. The
metal for future delivery was also
weaker than during the earlier part Of
the week, September copper being of
tered at l6 cents a pound
A weaker tendency was also noted
in spelter, owing to the proposed sale
of the governments stocks of the
metal
New-York tribune., 1919-04-06
United Waist League to Open
Soldiers Employment Bureau

An employment Office for returned
soldiers who wish to obtain positions in
the waist maintaining industry will be
opened this week by the United Waist
League of America. The request that
such action be taken by the league
came from Captain Wiley, of the 77th
Division, which viii return home with
in a few weeks. Many of the boys of
the division were employed in the gar
mcnt trade before entering service.
Tomorrow the advisory council of
the service bureau of the league will
meet to act on a plan to issue form
letters to retailers notifying them Of
complaints regarding their business
conduct made by manufacturers. Com
plants Of unjust returns Of merchan-
disc and similar trade abuses viii be
made public in the letters, and retailers
who chronically practice trade abuses
viii be listed.
New-York tribune., 1919-04-06
Tanning Exports Drnn

Exports of tanning and dyewood ex-
tracts from the United States are said
to be steadily falling on. Consumers
in foreign markets are again looking
to the pre- war source of supply, Ar
of the materials used by tanners. snch
as chestnut extract. oak bark extracr
and hemlock The importation Of the
latter into the United States WAS pro,
hibited during the war and domestic
consumers obtained their sunnlies
from producers here The Ouebrscbo q
Works in Argentina, the largest BRO
ducers in the world of these materials.
are said to have large orders on hand
from European consumers
New-York tribune., 1919-04-06
Business Honey

lac commercial paper market last
week fell to d s.agnation which has
been the greatest in weeks. perhaps in
years The deadlock is both ON the
side of business and on the side of the
banks. Many business houses do not
want to borrow money They are not
asking for it. The buyers of CONNER
cial paper houses have to exercise more
persuasion than the sellers. And the
strangest part of all is that there is no
unanlmlty of opinion among CONNER
cial paper brokers as to why business IS
not borrowing. A month or two ago the
almost unanimous opinion was that
business was not borrowing because
there was no business. II was said to
be hesitating, waiting for war prices to
come down. 1t did not want TO take on
new stocks. make them into finished
goods ana then find when the goods
were made that raw materials had 50
fallen as to bring finished goods to a
price where there was no profit.
The next thing business was blamed
for waiting for was the termination of
the peace conference. It wanted peace
definitely settled 1t wanted to know
where it stood. President Wilson's abb
sencc in Europe, the adjournment Of
Congress without voting funds for the
railroads, the lack Of knowledge Of how
the railroad problem and the multitude
Of other rcadiustmcnt and rcconstruc-
tion problems were to be sovcd were
supposed to have left it up in the air.
Now commercial paper brokers have
come TO doubt both thcsc theories. If
they are not wrong, they are at least
inadequate. They do not explain the
greatest monthly exports in all our his
tory. They do not explain unprccc-
dcntcd bank cIoarings. They do not
explain an enormous retail trade.
Brokers arc coming more to the cx-
PLANTATION that borrowing is so bad for
the very reason that business is so
good There is an amazing abundance
Of money in the pockets Of the people.
Long time payment periods have been
cut down to short time payment
periods. Collections were never SO
prompt When a business mans collec-
tions are good he does not have to bor-
row so much. An unusual quantity of
notes is being antic pated.
The bank acceptance market is in the
same position as the commercial paper
market on the supply side, and for the
New-York tribune., 1919-04-06
Holland Rubber Trade

Only 464 tons Of crude material were
distributed to the rubber manufac-
turers Of Holland during 1918, accord
ing to Commercial Attache Paul l..
Edwards, al The Hague The annual
report of the Amsterdam Association
for the Rubber Trade for the wear
ending 1913 shows that the restricted
activities Of the trade in 1917 wero
not improved in any way in 1918. Nc
rubber whatever could be distributed
to factories except under the very
strict Netherlands Oversee Trust con
ditions. which made trading in rubber
impossible
New-York tribune., 1919-04-06

tons to the needs of the buyer, In
the past they made their product, and
the general attitude was that the Gus
toner should take it or leave it, Pur-
chasers for the army and navy in
sisted on having changes made to meet
their special needs and got the manu-
facturers used to red tape which is
a necessary evil. Some red tape and
adjustments to meet customers re-
qurements are necessary in dealing with
foreign peoples, and we should recog-
nize the fact"
Mr.. Emery said that his company
was already beginning to get salts
factory orders which were postponed
during the war years. From the orders
received, he deduced the fact that
there was much activity on the west
coast of South America, in Cuba, South
Africa, China, and other countries out
side Of Europe. The chief hesitation
he said, is in Europe.
Asked about the prospects for
domestic business, Mr.. Emery said that
his concern felt SO optimistic that it
had stuffed its warehouses with stock
to get ready for the great expansion
anticipated
The Dodge company make equip
ment for the mechanical TRANSMITS ion
of power in factories, and their orders
are therefore baromctric. indicating
the ger eral state Of industry. About
so per cent of the domestic business
of the company consists of emergency
orders, and it therefore concentrates
on quick distribution. The other 90
per cent consists Of advance orders for
extensions of factories and for the
equipment of new factories.
New-York tribune., 1919-04-06
Chemicals
Export Buying Of Fertilis.
ers about Only Actir-
ity in Chemicals

Fertilizers continue the only active
products in the chemical market The
demand for them is chiefly on export
account Spain, Italy and South Amer
lean countries are taking large quan-
titles Of sulphate Of ammonia and
other prepared fertilizers from the
United States, while the demand from
these countries for soda ash is said to
be growing The Dutch East Indies
are also buying fertilizer in the Amer
lean market. Japanese dealers are
said to be meeting with little success
in their efforts to market chemicals of
which they have large supplies on
hand in this country.
Citric acid, which showed consdcra-
bic weakness during the last week ow-
ing TO the arrival of large importations
from Italy and England has again be
come hrmer. and is now quoted at from
Sl.22 TO Sl.24 u pound.
New-York tribune., 1919-04-06
About to Close Books
= On Cloths for Fall
American Woolen Company
Reports Orders Enough on
Hand to Keep Mills Busy

The American Wooen Company,
which has taken the lead in selling
woollen goods this year, is almost
ready to close its order books on NOR
chandise for next fall, it was learned
yesterday at the company's office.
The company now has little to
offer in the way Of cloths. and many
lines have been entirely sold out All
the cloakings and other women's wear
fabrics that the mills can mako for
next fall have been disposed of, it is
said The company now is sending out
combinations and revisions of orders
On some cloths, particularly fannels,
orders have been cut down consider
ably. The orders on worsteds arc said
to have been confirmed nearly as first
written. Some clothing manufacturers
report that orders they placed with the
company for woollen suitngs have not
been cut down as much as they antic-
pated.
New-York tribune., 1919-04-06
Trade Notes

The Milbrook Woollen Mills, which
has catered exclusively to the mems
wear trade, will enter the women's
wear field. Within the next few DAYS
the company will announce the open
ing of cloaking department in charge
OF j. j. Hattenbrun, who has been con
nected with prominent woollen selling
agents here for the last twenty years.
For the present the company will Of
fer only cloakings in "Frostonc," a
velour-like fabric with silver sheen.
The name OF the new cloth is reg
stered trademark.
Frank f. Bowe, who has had many
years experience in Oriental trade,
has been appointed Far East represent
ative for the Export Finance Corpora
ton, 40 Wall Street. and will sail from
Seattle on April IS to open Offices in
Kobe, Japan, and Shanghai, China.
New-York tribune., 1919-04-06
BUSINESS NEWS BUREAU:
Tribune Building
lS4 Nassau Street
Shortage of Cloth
Curtails Output
OF Mems Suits
Retailers Now in Market
Find Scarcity of Spring
Clothing, Which They
Failed to Order Last Fall

Lack of a sufficient supply of cloth
Is the only thing that is preventing the
manufacturers of mems clothing from
dong record-breaking spring business,
according to William Goldman. of Cohen.
Goldman & Co. This concern is one
of the largest in the country engaged
IN the manufacture Of mems clothing.
The spring season, which normally
closes around Eastertme, will have to
be extended this year if the retail deal
ers are to get all the clothing they
want" said Mr.. Goldman yesterday.
I'VE, started last fall to make spring
clothing on a restricted basis. We were
still in the war then and prices were
high. Few of the manufacturers ex-
pected to do normal business. There
was not surplus of raw materials on
the market. Then came the armstice
Ine immediate result was a trade stag
nation. Buyers hesltated to come into
the market and trade in what they be-
lieved would be a falling market. Later,
though. 1T became apparent that the
prices for spring and summer clothing
could not fall to any great extent and
the retailers began stocking up in small
quantities. These orders in most cases
were barely sufficient to cover the re-
taiiers' needs at the opening OF the
spring season. When they began show
ing their goods to the customers they
found the men of the country ready
and willing to buy. The retail clothing
business in spring merchandise has been
exceptional and the retailers have been
driven back into the Wholesale markets
in search of more goods.
Labor difficulties held up production
for several weeks and there was a
shortage of good clothing in the whole
sale markets. AS soon as our labor
troubles were adjusted we began going
ahead full speed, but we cannot keep
up with the insistent demand from the
retailers. There isn't enough cloth to
be had to fill this demand. 1t is posi-
bic that some of the materials which the
clothing manufacturers ordered for use
this fall will be made up into summer
clothing"