davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-28
CAPTAIN Willis's Affair
First Home on Sound

PORT WASHINGTON, Long Island,
July 27.-E. V. Willis, one of the best
sailors on Long Island Sound, won the
annual Captains Island race of the
Star Association yesterday. At the lee
ward mark the leading yacht was G..
W. Elders Saturn, which in the end
finished second to the Affair.
New-York tribune., 1919-07-28

a race, and it would gladden. the heart
Of any lover Of this game afoat to sec
the sturdy little yachts of the mos
quito heet" fighting for place at the
starting line. There were Birds" and
Bees" from Bayside; Bugs" and
Bells" from other .lubs, but the
stars from Port Washington and
elsew here were the star performers,
tor they sent nineteen, twenty and
across the line on Thursday, Friday
and Saturday respectively.
From across the Sound at Oyster
Bay sixteen OF the little Seawanhaka
Fish" boats raced to Larchmont on
Saturday to take part in the first days
contests, and ". A. W. Stewards
Shrimp won both events.
Make Good Showing
Any lukewarm patron Of the sport
may be interested to know that when
rain, light breezes and other discour-
aging conditions prevailed on the first
three days tfty-six, forty-four and
sixty-tive yachts started respectively,
and or the last three days seventy,
seventy-one and l05 were the starters,
making a total of All yachts starting
you'll say for what it was predicted
was to be an "ofF" season In yachting.
III say it was; won't you?
Commodore James B. Ford is to be
congratulated, not only on the success
of race week" as a whole-for the
social side of the week, such as enter
tainments, dinners and dances, was
with one exception (the bad weather OF
Tuesday on the occasion of the water
sports) equally successful-but also
on the fine showing his flagship, the
new Class 0 sloop Naruna, made under
the excellent helmsmanship of Butler
Whiting. She won three out of the five
races in which the three yachts that
compose the class started. She carries
of the point prize with nine points to
her credit, J. F. FEEDERS Nimbus being
second.
There seems to be a growing faith
in the Marconi rig carried by the
Varuna. especially in light breezes,
where its luf and leach, ending in
skyreaching point, acts as a minia-
ture gait topsail, SO to speak. In
New-York tribune., 1919-07-28
USED CARS

sELi>Ac. Is1I laaaa<ln.. ug,rav ,4f-
tes,sssss'as ''ei sisaDses i9f3 NpoaSif.e afti
y as< ~ i41tfru g. smith fs lnl
1'io ~. ihSae rise;s M.
New-York tribune., 1919-07-28
Club Batting

-.Denotes weekly gain In batting.
--Den0tes weekly loss in batting.
New-York tribune., 1919-07-28
beekfnan and Hall Win

s..-ES ni-ES COVE, l.. l., July z7.-Leonard
fHman md Walter Merrill Hall de-
ts y @anan and Raymond T. Lit
II. 10 the anal round Of the doubles
rsaa Iaensnip of the Invitation tourna-
t.s. tSs VI the Naxgau Country Club here
.ay. lae score was g1, g 2, 81.
New-York tribune., 1919-07-28
Record Entry i'm National REGATTA
Larchn1ont Y. G. Flagship
Heads List of Winners
Skilful Shippers Sail Varuna Successfully-Tota]
of All Yachts, Including Visitors From
Many Clubs, Participate in Big Grace Week.
BY Captain James c. Summers

Score for the pucky CLUB
h hee days. rafting good finish after three
sunshine There spanking breeze the
ho Saturday. los
club on the Sound
New-York tribune., 1919-07-28

good stiff breeze too, like that Of
Friday, it seems to have served its
purpose, beth down the wind and in
what little windward work they had,
for The Varuna, after racing twenty
miles. crossed the finish line win
ncr by the good margin OF minutes
SO seconds from the Grey Dawn
Six Of the New York Yacht Club
"thirties" raced consistently every
day. furnishing some close starts, in
which Ogden Reid's Lena made a good
showing The winner on points proved
to be Fred Richards's Adois, with two
wins to her credit. The Mizpah, Rowdy,
Mink and Lena tied with six points
each for the second prize. Of the
Sound schooners J. w. and E. P. Al
ker's Allure did the best work, win
ming the series with q score of twelve
points, Clarkson Cowls Mora being
second, with four points.
Another class that attracted atten-
tion was that of the L boats. They
were not submarines Of the Hun type.
at that. The Mingo, owned by H. T.
Hornidge, captured the point prize.
with "a as his score. A. c. Clarke's
Feather won second prize. W. H. Far
rells Sonora walked off with the prize
in the first division of the handicap
class. She won four races, which gave
her II points. Cornelius Vanderbilt,
jr., showing some OF his fathers good
training, brought his Herreshotf sloop
Comet to victory both in the second
division handicap class and the mixed
class, where he defeated the Vigi-
lance.
Mladi Shows Well
George W. Scott's fine old schooner
Mladi made brave showing in Sat
urday's race. She entered against DR.
c. B. keeler's sloop Alice and won by
the tidy margin Of minutes 32 sec
onds, after sailing twenty-mie
course. She probably wins the Larch-
mont Cup for schooners.
The following summary shows the
principal prize winners by points for
the week. Each yacht is credited with
as many points as the number of yachts
she defeats with one point added as
a premium for sailing the race:
New-York tribune., 1919-07-28

The yachts that tied will probably sail off the ties
by yacht will hold
prizes
has rendered.
New-York tribune., 1919-07-28

Lieutenant NcGay is twentv-eight
years old and lives with his mother at
2046 Kingsbridge Terrace He is en-
ployed by the Manhattan Company.
In September, 1917 he was drafted and
went overseas with the 3OSth Infantry
in April, 1913. The following July he
obtained his commission and was trans
ferred to the 23d Infantry, part Of
the Cd Division.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18

III many lines of industry there is
at present greater demand than
supply. In our industry, for exam
pie, in the clothing trade, prices will
be as high as they were during the
period of the war on standard goods,
and there is no prospect Of decline
for at least a year and a half, and
perhaps two years. These conditions
are due to the restricted production
during the war, stocks now being
sub-normal both in the hands of
dealers and manufacturers to the
increased demand resulting from the
rehabilitation of our armies and the
prosperous conditions generally OBJ
tanning throughout the country; to
the fact that manufacturing organi-
cations have been seriously dis
turbed by the war and a full COM
plement of help is not at present OBJ
tainable; to the fact that hours
have been shortened throughout the
tailoring industry, which now works
only forty-four hours a week, and
that wages have risen due to the
foregoing conditions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
F0resees No Fall i'm
Crude Rubber Prices

81 do not look for any substantial
decline from the present low level of
crude rubber prices, because while
the production Of crude rubber is
largely increasing the consumption
Is also being largely accelerated, to
which must be added the abnormal
demand yet to come from those coun-
tries which through war necessities
have been denuded of supplies"
p. r. Wesley, manager of sales
of the Davol Rubber Company, man.
ufacturers Of rubber goods. said :
eve do not hesitate to state that
we fully agree with Professor
Fisher and have faith in his COM
petence to express an opinion of
price conditions.
In answer to the second question
as to whether we think prices can
decline materially from present
level without substantial reduction
in wage rates, we would answer No.
"A controlling factor in costs is
the price of labor. High wages OBJ
tain now in our plant and we see
no immediate likelihood of any ma
terlal reduction which would affect
our cost and consequently the sell.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
Where Prices
Are Mounting

The experience in the silk indus
try must seem strange to those who
dogmatically persist in their faith
that prices soon will crash. O. O.
frost, vice-presidcnt Of the Cha op-
lam Silk Mills, explains the situa-
ton thus:
I'm our business the law Of sup
ply and demand has been given alb
solute freedom of operation and
the result has been constantly in
creasing price level, since about the
first of February. Immediately
after the armistice we, in common
with most Of our competitors, made
radical price reductions in order to
get business started, with the result
that at the moment the demand is
greater than can be supplied.
THE greater part of our raw ma
terial comes from the Orient. The
japanese and Chinese are copnjzant
OF the situation in the silk business
N this country and are not alaw
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
Organized Labor
Won't Cut Wages

Now, understand, that feel that
the present market, which is a run
away market, is not permanent, but
Will topple over in the course of
time, which may take months, but it
Will not recede, in my opinion, be-
yond the place where it was four
months ago. In other words, we
have come into a new era and we
must forget about the past. 1t is
only within few years that we
were figuring calfskins in our shoes
at 50 cents a foot; we were quoted
~ to ~ cents a foot this morning.
1t may recede when this unusual de-
mand is met to 70 or rs cents. but
this is double what it was a few
years ago.
Now, as regards labor.
1--WE are in an industry that is
strongly unionized, and l cannot con-
ceive of organized labor reduc-
ing wages. The thing seems to
me like an endless chain. Labor
says that it cannot reduce wages
while the price Of commodities is
high, and as labor is the greatest
item in almost any product the COM
modify can't go down until labor
does. We have never seen, so far as
know, a reduction of wages among
the shoe workers. Every revision
has been upward.
IF there is any business in which
the competition is keen it is the shoe
business. 1t is possible for a man
with little capital to start in bust
ness, due largely to his ability to get
machines on lease instead of having
to buy them. The law of supply
and demand is in effect, and | have
tried to make clear to you the result
since this law has been allowed to
operate.
Il believe that Professor Irving
Fisher, of Yale, is absolutely cor
rect; that we arc in new era; that
prices will never recede to pre-
war basis or anywhere near it; that
the trend of prices is upward and
has been ever since the Civil War. I
believe that there will be slight re-
auctions from time to time, but the
trend is upward
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18

fully as high as they are now for the
balance of this year"
Representative of the woman's
apparel industry expressed their be-
lief that prices would be still high
CT. Hardwick S. Benedict, presi-
dent of the Drezwell Company, Inc,
speaking with particular reference
to the dress industry, said:
There are certain prophets who
are continually prophesying disas-
ter, and if the prophet lives long
enough he must be able to say 4 told
you So In this case, I think, Pro-
fessor Irving Fisher is absolutely
correct when he says, Those that
speak Of pre-war prices speak a
dead language'
Supply and demand necessarily
regulate the prices of merchandise,
and, with the stoppage of immigra-
ton to this country for some time to
come, skilled labor Of all kinds will
be at premium.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
Says Merchandise
VIII Be Scarcer

Dudley Sicher, of D. z. Sicher &,
Co., makers of undermuslins, gives
1T as his opinion that both mer-
chandise and labor are going to con-
tlnue to become scarcer for MANY
months to come, and that pre-war
prices in almost all lines Of mer-
chandise and commodities are not to
be looked for for many years to
come. Labor, l think, is going to
be the most important factor in
keeping prices from going back to
what they formerly were. I think
that the present shortage of help is
gong to become very acute indeed,
and that real labor famine NAV he
one of the things we have to CON
template."
And in the raw material indus-
tries the reaction was Similar AL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
Danger Of Labor
Famine, Manufacturers Say

"In the dress industry, the one
with which I am most conversant,
the supply of labor is at no time
equal with the demand. The actual
weekly earnings of the workers in
this industry are far greater than
when the hours were forty-nine, and
you can readily see that the wage
earnings are from so to 100 per cent
higher than they were prior to the
war. That same condition applies
to the prices of piece goods and all
the sundrfes that go to the making
of the garment. Only a great catas-
trophe couM bring prices to their
pre-war basis, and for the above
mentioned reasons | agree entirely
with Professor Fisher"
Saul Singer, of Singer Brothers,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
919N lndss
Dec Jan May

arising out of manufacturing goods.
Possibly at this date they are re-
ceiving rather more than their
share, but this, of course, is a mat
ter that will be adjusted when the
supply of labor gets back to nor
NAL, which it should do in the next
two or three years at the latest.
II do not feel that prices on man
ufactured goods can decline ma
terially from the present level with
out substantial reduction in wage
rates; whereas | look for certain
decline in these wage rates it does
not strike me that it will be suf-
fclently large to be termed sub
stantial.
The price outlook in our own
industry is no doubt different from
that of most others, due to the fact
that the supply Of crude rubber has
increased by leaps and bounds in
the past three or tour years. The
reason for this goes back to the
high prices Of rubber about 1910.
when the best grades reached the
unprecedented level of $500 a
pound. This of course resulted in
a remarkable influx of capital to
The rubber plantations, which are
just about now coming to maturity
and which has placed the supply
somewhat ahead of demand.
ITO sum up the situation in the
rubber industry, we find that labor,
chemicals, duck and general cost
Of doing business have reached high
levels, which will probably be main
tanned without substantial altera-
tlons for an indefinite period.
"On the other hand. rubber it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
r. Douglas Was Wrong He Spoke Dead Language

to take advantage of it. The nat
ural consequence Of this is that
selling prices must increase 20 main
tain reasonable parity between
them and cost Of production. Fur
thermore, the wage tendency is up
ward rather than downward.
II believe that Professor Fisher
is absolutely correct in maintaining
that we shall never go back to pre-
war conditions, and propaganda to
the contrary from responsible
sources must necessarily result in
creating a sentiment for hesitation
te ding to delay rather than TO ia
cilitate readjustment."
Charles Cheney, Of Cheney Broth
CTS, silk manufacturers, said:
Il do not anticipate a return to
rre-war prices for labor or for COM
modities. [ agree with Professor
Fisher that we are on a new price
level, which will be fairly perma-
nent. There will, Of course, be fiuc
tuations, and expect slight ten
dency downward, but nothing radi
cal
Labor certainly will not, and I
believe, in view of existing cond;-
tons, should not, accept reduced
wages. On the ether hand, they are
a strong push to obtain
shorter working hours, and | think
that every experienced industrial
manager will certify that efficiency
has suffered much during the war
days and that it Will be most diff
cult to reestablish discipline and in
tensive work.
"The same or similar conditions
have prevailed in greater or lesser
degree throughout the world, and
thereby the cost of raw materials
will be influenced in the same way
as is domestic production.
"In spite of great deal of loose
talk that is handed about, it is I'M
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18

though the cost of labor does not
enter largely into the cost of crude
rubber, Arthur W. Stedman, rubber
broker, expects no substantial de-
cline of prices.
"1n general the rubber industry
has been quiet since the cessation of
the work on war contracts" he said,
following the signing of the armis-
tlce last November. With the sud-
den cancellation Of government con-
tracts many manufacturers found
themselves with surplus stocks of
crude rubber, and with rubber goods
manufactured and in process of
manufacture, which had to be di-
verted to the regular channels of
consumption.
"The early months of the year
have been devoted largely to repairs
and .overhauling of the various
plants and the digesting Of surplus
supplies. This has now been largely
accomplished, and the trade is in
shape to take care of the improved
business already in sight. Restora-
ton of stocks, supplying normal re-
qulrements and meeting the growing
export demand will call for greatly
acrp1eratod OOtput
"The tire trade is already showing
considerable activity, owing to the
ambitious programme Of the manu-
facturers for the year. Some 3d.
100000 or more tires will be re-
quired for the 100000 cars now in
operation in the United States and
the 100000 to 100000 new cars
to be manufactured this year, be-
sides the increasing demand for ex-
port. Little, if any, recession in
prices for manufactured rubber
goods is anticipated as long as the
present high cost of labor, COM
pounding ingredients and cotton tex
tiles continues.
"The result of the restrictions put
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18
Higher Labor Costs, Shortage Of
Stocks and Great Retail De.
mand Are Dominant Factors

self has declined and will probably
continue to decline for an equal
period. This should result in rel
ative easing off in prices on rubber
productions as compared with those
of the metal trades, cotton, etc.
H. S. Campbell, of the Regal Shoe
Company, feels that new era in
prices has been reached. In ana
Lying the movement of prices dur
ing the war he said:
After our entry into the war the
government put maximum price on
hides, beyond which tanners in this
country could not pay. This was an
effort to keep the price of shoes
down. This restriction was lifted
about the first Of this year, and
since that time upper leather has
increased from 10 to 20 cents a foot.
which means from 80 to 60 cents a
pair added to the cost of the shoe.
AS quickly as the artificial price was
removed and the law of supply and
demand was in force prices Jumped
to the highest point that has ever
been reached.
"Of course, leather is a by-prod
uct; cattle are raised and killed for
food and not for leather. There IS
a serious shortage of cattle in the
countries from which we formerly
received most Of our calfskins-
France, Russia and Belgium. The
herds have been depleted because the
meat was needed as food for the SOL
dlers and the grazing used for
horses. From the most authentic
reports that we can get Russia will
not be IN position to give us calf
SKINS for years, and at auctions this
month III France the prices received
for calfskins means that when the
leather is tanned it will have to be
sold at 50 cents to 81 foot, which
is higher than the present domestic
market. So you can see that we
have no relief in sight from our for
eign markets for cheaper leather.
"One of the reasons why leather
has taken such abnormal jumps in
II
the last month is due to the export,
particularly to England, Sweden,
Norway and Japan. English buyers
have practically cleaned the market
on certain feathers at extremely high
prices. Now, this means that there
is no leather in Europe; it also
means that prices are going to con-
tinue high until the world shortage
of shoes is supplied.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18

makers of suits and coats, diagnosed
the situation in this way:
We feel that the prices will never
go down, but that there is every in
dication that they will go higher
The continuous increase in wages
and shorter hours, both in our in
dustry as well as all the industries
that supply materials to US, will
force the prices continually up"
The head of a large wholesale dry
goods house, who asked that his
name be withheld, declared that
prices canAot decline materially
without a substantial reduction in
wage rates and the cost of living,
and that the price outlook was
strong, with rising tendencies
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18

questionably true that wages have
advanced considerably beyond the
ad 7ance in the cost Of living, which
would indicate that if the public
were so disposed it could sanction a
considerable economy by return to
old standards, but this is most i'm
probable, and really not to be de-
sired. So far as the excess has been
for extravagances and unnecessary
luxuries a curtailment would not be
injurious, but insofar as it is attrib-
utable to a better scale of living it
should be maintained.
"Unquestionably there have been
large profits realized in certain lines
during the war period, and this sit
uation VIII not continue after nor
NAL basis of production and compe-
tjtion has been reestablished. This
offers an opportunity for some slight
reduction in prices, but it will not
be very material factor
William Skinner, of William Skin
ner & Sons, silk manufacturers, de-
clared:
When Mr.. Douglas says the high
prices continue without the slight
est reason under the sum it is alb
surd, as raw silk has advanced until
it is now higher than it was at any
time during the war and manufact-
ured goods have been corresponding
ly advanced. have not touched
upon the labor situation at all.
"As regards prices declining ma
terially, the prices of silk goods can
not decline SO long as raw material
continues to advance. | believe that
Vim the silk trade prices Will continue
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-05-18

ing prices. Reduction in wage rates
must be by gradual readjustment,
and until these rates are lowered
there can be no appreciable reduc-
lions IN the cost of our particular
production. We believe this same
thing applies to manufacturers in
general and not to the rubber in
dustry specifically. 1t is possible,
and even probable, that some de-
clines may become effective on GER
tain lines either by reason of i'm
proved methods or occasioned by
competition, but no legitimate rea-
son for reduction in prices for the
immediate future are evident.
owe find it difficult to accept Mr..
Douglass statement that high prices
continue without the slightest rea-
son under the sum- and must con-
Guide that his statistics compiled by
the committee Of which he is chair
man did not cover the rubber in
dustry or these would not have been
his conclusions
F. R. Goodell,- selling agent for
Converse Rubber Shoe Company,
said:
81 feel that Professor Fishers
viewpoint is the correct one. I do
not feel that we will return to the
pre-war scale of prices at any date
in the near future. Everything
points the other way, particularly
as regards labor costs. Crude ma
terlals will undoubtedly swing back
to some figure approximately near
prewar levels in the next decade,
but finished articles, where any
great amount of manufacturing cost
is involved, can hardly do so, unless
we return to the old standard of
profit distribution, existing be-
tween labor and capital My per-
sonal feeling is that labor in past
years did not receive its full meas
ure in the distribution of profits