davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-09-13
Diamond Famine
Likely to Last for
A Long Time
Shortage of Labor Cuts
Output of Mines, While
Demand in All Coun-
tries Is Extraordinary

The diamond famine in this country
and elsewhere will continue for a long
time owing to the grip the British syn
dictate and the De Beers people have
on the worlds output and to the un-
precedented demand for the stones, in
the opinion of Nelson II. Smith, vice
president of Smith. Patterson e. Co.,
who has just returned from an
extended trip to Europe. Shortage of
labor, according to Mr.. Smith, is also
curtaiing output of the diamond mines
cons sdcrably.
Mr. Smith visited England, Holland,
Belgium and Switzerland in search of
diamonds and watches for the whole
sale and retail business. He found
diamonds very high and buying condi-
tions bad, owing to the shortage of
goods and the tremendous demand
The English syndicate now controls all
the diamond mines of South Africa, in
Guiding those formerly controlled by
Germany. AS nearly all the diamonds
in the world are now found in South
Africa, very few in proportion being
found in Brazil and still fewer in India
and other regions, the English syndi-
cate has what amounts to an absolute
monopoly of the supply of diamonds Of
the entire world.
For long time the syndicate has
consistently and regularly advanced
the prices at which it sold rough dia-
monds to the cutter, and recently the
advances have been very marked. One
Of the largest single advances came
just as Mr.. Smith was leaving for this
country 1t was jump of 10 to 30
per cent on the entire line.
In SDite of the eXtraOrdinarv nr;coa
according to Mr.. Smith, there is a
great scarcity of the goods and also a
tremendous demand coming from all
countries, with America far in the lead,
He said that in his mind it is certain
that diamonds in the jewellers stocks
to-day are much cheaper than they will
be at any future time that can be fore
seen.
After visiting the diamond fields Mr..
Smith went to Switzerland via Paris
to visit watch manufacturing cantons.
IN regard to his trip Mr. Smith said:
"All the watch manufacturing is done
IN the cantons on the French frontier,
where the people speak French and are
French in every tendency. The work
men IN the watch industry are getting
much higher wages than formerly. and
higher wages and shorter hours are
certain to come in the near future
Wages in this industry are still much
higher in America than in Switzer-
land"
In the manufacture of ladies' small
bracelet watches at moderate prices
Switzerland leads the world by wide
margin. At present there is very
great scarcity Of good American watch
es in Switze rland, owing largely to the
fact that the factories could not imme
diately change back from the manufact-
ure OF war articles. Switzerland is
feeling the effect of unusually large
demands for watches from America.
and goods there of American make are
very difficult to secure.
New-York tribune., 1919-09-13
Shoe Retailers Making
Only Moderate Profits
Dealer Says Margin Over Expenses Is Not More Than
or Per Cent and Blames Dear Labor and Dearer
Leather for the Present High Prices of Footwear

A THOUGH shoes are dearcr than
ever before, and prices are tending
upward, it does not follow that shoe
dealers are profiteering, nor even that
they are making unusually large profits.
H.. Lipkin, of the Magnet Shoe Com
pany, yesterday said that the retailers
margin at present is moderate. In fact,
he asserted, retailers profits have not
advanced proportionately as much as
wages, leather and overhead expenses.
"Prior to the war;" said Mr.. Lipkin,
most small retailers were verging on
insolvency. The small man was con-
tent with a 20 per cent gross profit
on his turnover. After expenses were
met and salaries paid the retailer found
that his profits in many instances were
below the cost Of operation. Keen
competition stimulated price cuts 80
that the man who lacked the capital
necessary to meet lower prices was
forced to close down. Often entire
families worked in the store to elm
mate the salary item. Other retailers
were forced to hire low -salaried clerks
who lacked the ability to fit shoes prop
erly, so that many customers who were
dissatisfied never returned
"But retailers discovered that in or
der to operate on safe basis larger
gross profits must be made. According
ly, the majority of retailers are now
figuring on 80 per cent gross, which
after all charges gives them 7 to 8
per cent profit. This is not profteer-
ing. No shoe retailers are retiring as
New-York tribune., 1919-09-13
JEWELRY-SOuth .4n,ericn
Buys NoreItieS Here

manufacturers Of jcwclry report that
they have recently developed a good
business with South America. One
prominent export company declared
yesterday that jewelry dealers in
Brazil had shown particularly active
interest in cheap or novelty iewclry
and that within short period a ship
mcnt of considerable quantity of such
goods had been forwarded to that
country. Larger amounts could have
been sold, q representative of this con-
Germ explained, if the goods had been
available.
The Brazilians are placing as large
orders as the American firms arc will
ing to accept for beaded necklaces, cheap
handbags, novelties and varied as
sortment of white stones or imitation
diamonds. This is business that before
the war was practically controlled by
German concerns. which shipped large
quantities of novelty jewelry into the
South American countries.
Reversal of trade conditions during
the war has also opened the Chilean
New-York tribune., 1919-09-13
TEXTILEs-Bng Makers
Buy Gray Goods

Bag manufacturers came into the
gray goods market yesterday for the
first tine in months. A Western con-
Germ closed with leading commission
house for about 100000 yards of a
standard grade of cotton bagging at
s Is cents a yard. At the same time
Southern bag manufacturing company
made inquiries for a standard grade of
shcetlng for conversion into bags offer
ing 11i4 to 11la cents ward. The mill
agents would not do business at less
than 1914 cents.
In the local cotton trade much sig
niticance was attached to the appear
ance of the bagging interests in the
market at this time. 1t was recalled
that last March, when the cotton goods
mar kot was generally dull and lifeless
the bagging manufacturers came in and
by, their purchases gave the market a
lllIlp that carried the whole trade into
rising volume of activity
Bag&ing goods sold yesterday cannot
be delivered for many months, since
the mills are generally sold up to we'll
into November on this class of goods.
The goods bought will go into bags for
holding flour and products of similar
Character
In the gray goods market generally
INC tone was irm but the volume of
business movinS was not large. Sec
ond-hand operators sold some gray
goods Ga basic fabric) at IA cents a
yard, whereas the mills refused to do
business at less than 10 cents.
The 7. Holt Hayward department Of
Frederick Victor G. Achcis made its
prices for spring delivery ON sew
cral lines Of goods yesterday, not
ably fancy and staple ginghams, fine
yarn cheviots, hickory shirtings and
cheviot shirtings. The prices we're not
made pubic, but in the case Of
ginghams they ranged shade above
the prices quoted last January. This
concern will have very little goods Of
TINS character to offer buyers, since
it is a lready practically sold up and
Will make allotments on orders.
MIL agents who have made prices
recently on springs goods report that
practically all orders placed on an open
basis have been confirmed on the basis
of the prices issued
Production of cotton goods is still far
below normal. Shorter working hours
and inetficiency Of labor generally have
reduced output, so that in most of the
fancy dress goods lines the supply is
very short.
New-York tribune., 1919-09-13
Membership of French
Commercial Mission Increased

Nine new members have been added
TO the personnel of the French Com
mercial Mission which is coming to tho
International Trade Conference at At
lantic City the week of September 80.
It was announced yesterday They are:
Baron du Marais. director Of ths
Credit Lyonnais; NJ. Homberg, former
director general of the Societe Gene
rale; NJ. Pelerin de la Touche president
of the Compagnie Generate Transat-
lantique; NJ. Julien Potn, foodstuHs
repre- esentative; NJ Boyer. associate
secretary general Of the. commission;
VI NJ. Poucet and Pesson, engineers; NJ.
Dion, assistant to Mr.. Schneider, of the
Creusot Works, and NJ. Jean elemental,
representing the Minister Of Commerce
in the French Cabinet.
France Will have in all fifteen dele
gates to the conference, giving her
larger representation than any Of the
other foreign countries participating
New-York tribune., 1919-09-13

millionaires: They are merely earning
an honest living.
"Prices for shoes, in my opinion,
will not come down for the next year.
Leather is high. Shoes now in proc
ess of manufacture are made Of high
priced leather and will not be in the
windows of retailers before next spring
and summer. Salaries at the factories
and retail stores are high, transporta-
ton costs are greater and the prices
of boxes, strings and the like have ad-
vanced.
$50 far as the jobbers and whole
salers are concerned there has been
little or no profiteering. In fact, most
firms are selling shoes from 81 to s1.5O
below their replacement value. Shoes
bought from manufacturers at present
cost more than jobbers' and wholesal-
ers' selling prices.
"The problem facing the wholesale
trade at present resolves itself into get
ting more supplies. Delay in ship
ments from the factories has reduced
supplies of shoes do not arrive soon
several concerns will be forced to fol-
low the action of one large wholesaler
who closed his store because his stocks
were sold out. On an average, we are
getting one one-hundredth of the de-
liveries that should arrive under nor
NAL conditions. Ny own stock is so
low that last week I was forced to go
to retail store to buy pair of shoes
for myself. / have made several trips
to Boston in the hope that shipments
from the factories might be increased,
but manufacturers tell me they are be-
not be made until production is speeded
uD."
New-York tribune., 1919-09-13

show liabilities OF s1.3ss.o12 ana assets OF
$l6.624. Secured claims: American Ma
ticnal Bank, $4,000; L. S. Cartridge Com
pany. $280.63S; Royal Danish ,sovernment,
&145.s54; Garfield National Bank. $1e.75O;
j. d. Palmer. $4,000: Starkweather &
bhepley. $17,0l6. Unsecured claims: E. I.
Du Pont de Nemours & Co.. $s2 1000 Everly
NJ Davis, s7s,4o9; DurKIn Estate. s7e. 400:
j. w. Q. Bannon. $751; 0s3; George A. Gas
ton; ss2,o17; NJ. F. Burns. s2l474: M ].
Budlong. $1,000; r. B. Brown. s12,sls:
Runkel Bros, s1o,so2; Engineering & Trad
Ing Corporation. $170.347 John A. Crowley
Co, $37. .999: A. H. Nilsson Machine Co.,
$S,2sS; William r Kocr .7I57; Henry
Kelly. 1r., $1,000: Jan Burian s7337:
Albert X. Newman SO Wall Street is the
attorney.
Assignments
THE MONTRAY FOOD COMPANY,
dNc.-Restauran 2ls West Forty second
street, ana at Liberty. Sullivan County.
N. y. has assigned for the benefit OF
creditors to Samuel II. Hofstadter Of l20
East Ninety third Street. NJ A. Herman
dez is secretary of the company.
THE SHREWD LEATHER WORKS.
INC. Misunderstanding dress trimmings at
80 East Ninth Street. has assigned for the
benefit of creditors Of Albert Parker In
corporated in 1918. Jacob Handler IS
president of the company.
New-York tribune., 1919-09-13
Deal for Huge
Supply of Govt
Silk Under Wav
Negotiations by Mallinson
4 Co. and Bush Terminal
Sales Co. for 22,OOO,O 900
Yards Near Completion

H. R. Mallinson & Co. and the Bush
Terminal Sales Company Jointly have
about concluded negotiations with the
United States government for the pur-
chase of approximately 22,000000 yards
of pure silk fabric of coarse weave
owned by the War Department.
The silk was manufactured specially
Tor making up into powder bags for
holding the charge behind the pro-
jectiles of the heavy ordnance pieces
the army and navy. Silk is used for
this purpose, as it burns quickly and
leaves comparatively little ash
The deal for the purchase of the
cartridge silk, as it is called in the
trade, has been under negotiation for
a fortnight H. r. Mallinson, head of
Mallinson & Co.. prior to lenving the
city yesterday, confirmed the reported
minor details to be worked out next
week, the thing was practically closed.
An option was obtained on the silk
some time ago at a figure reported in
the silk trade to be near half million
dollars.
1t is the intention Of the interests
who have arranged for taking over the
large yardage of government silk to
work 1t up into salable goods through
printing that will take several months.
AS the goods is worked up it will be
offered to the wholesale trade. it is
understood, in moderate amounts from
time to time. so as not to disturb
the equilibrium of the general silk
market.
1t was stated yesterday that the silk
had been sold to the two firms named,
first, because of their ability to finance
the purchase, and. second, because the
government felt they would be able to
market the worked up silk in manner
that would not upset other silk prices.
The amount that is being placed by
the government in this deal does not
constitute the total owned by the War
Department. The remaining surplus
will be distributed later, it is under
New-York tribune., 1919-09-13

-, DETROlT-s Jlavons general mdse
pETRoIT. Mich.-C Wagner. general
mdse; Commodore.
EASToN, Penn.-Bachman's; D Bach
man, drugs; Commodore.
r. 7 Hug hes. millinery. drygoods: o2I
'Il'MaS EVANsvIIIE rI?'H Ind lnd-A p 1uhr & Sons.
II. IL. I.ahr. ribbons. toys 2o0 Fifth Ave
nue.. room l4l1
FALL RIVER. Mass Bloom. Inc
NJ NJ. Bloom. drygoods smallwares, linens.
notions furni shing goods hosiery. under
FALL RIVER, Mass-E. w Brown Co.
wear, negigecs. art needlework. novelties,
6 West Thirty second Street.
FALL RIVER. .-stciger-Cox Co
Miss o. Hunter. general mdse.; lo5 Grand
FRANKFORT, ky. Heeney & Bro.
j. Heeney. drygoods. notions. carpets.
Latham.
GADspEN. Ala-wright 1oc CO.: D.
GRAND RAPIDS. Mich-T W. Dunn
Go n voight. hats furnishing goods;
house furnshings Wallick
GREENNlLLE. S. C.-Wallace & Nc
Dow; Mr.. Wallace, groceries; Gregoran.
HARRlSBURG. penn.-Ladies Bazaar,
HARTFORD, Conn.-Sage Allen: n F.
Allen. presidc treasurer, 4o4 Fourth Ave
HARTFORD. conn-wise- Smith Co..
Mr. Green, jewelry. leather goods: 404
HAzELroN. Penn.-w. Dcisroth, gen
HOT SPRINGS. va.-Anthony Bros. C.
w. johnson. jewelry. leather goods. mems
HOUSTON. Tex.-New Mans Store; NJ
Nathan. mems furnishings, hats; Wallick
HUDSON. n. ". T. Guinan Co; NJ.
A
Holland.
Observation-Disclosures Store; H.
Shalansky, general merchandise; Bresln.
JACKSONVILLE. Fla.-v. e. Jacobs &
Co. Y. Il Jacobs, jewelry: Hargrave.
Thayer: r Hurst. silks. dress goods. Is q:
Madison Avenus; Breslin.
Avenue 18th floor -
LAFAYETTE. Tnd-w. II. linn Co.;
Meyer, West Thirty second Street.
LATHAM-E. Adler. mems furnishings
Latham.
Los ANGELEs-Jacoby Bros B.
basefnent 1I5o broadway. i7th lfS,r'' floor > ana
LOWELL, Mass.-M. Lem<n. ready to
wear Breslin.
LYNCUBUKG, Na.-W. Montgomery
crockery. etc; Wailick.
', vi ->Co.>' ''e'--1> feaNy, groceries. :.
MANcHEsrER. n H-M. Klein Co;
NJ. Klein. furs: Grand.
MEMpHIs-Br Block Mercantile Co. ::
~ NJ Eldridse boys clothing. sweaters.
MENIA. TEXT. Klug Co.; T. Klur.
representative; Wallick.
MILL. CITY. Penn. d. Vosburs & Co. ;
D. Nosburg: drygoods and general mer-
chandise; Marlborough.
MILWAUKEE --I.andauer & Co.; H.
Landauer, dress goods. wash goods. prints
glnghams. Commodore.
r, VI MlN,,NEAPoLls Minn-Young Quinlan
Fltth Avenue. room l4ll
MINNEApOLlS, Minn.-Powers Mercan-
tile Co.; l.. II. Wells. books toilet goods.
West Thirty seventh Street.
= air! MoNT'VMEkSi N ! ii,. Ala Montgomery
East Twenty sixth Street
MONONGAHELA, Penn.-Myers & Ny
ers; G Myers representative; liregorlan
MONTREAi-I'irks & Sons. 6. Blrks
MONTREAL-S. Pollack, drygoods. etc
Broadway Central.
NEW BEDFORD. Mass steiger. Dud-
chandise. l05 Grand Street
NEW BEDFORD. Mass--l Adelsohn.
geHgral al mmssrrGns,andise; N rs, BROADWAY Central
u WV wv, u, oASIl.E. ,r lnd.IMartin & Martin;
NEW HAVEN, Conn-Shartenhere 2
Robinson, NJ. S. Mumme, coats suits
waists, furs; D. G.. Alliance; 404 Fomrth
NEW HAVEN. Gonna. Capasso CO
Capasso, jewelry broadway central
NEW ORLEANS-D. NJ. Davis ready
to-wear. II. Stern; 10 East Twenty ,sixih
Street S'N'h
NEW oRLEANs-Maison Rlancns 70
Sam Simon women's haberdasherv1 co..
sets. l16 West Thirty-second Stre.,' @o'
New-York tribune., 1919-09-13
RUBBER-Prices Adrance
Under Hearv Buving

On cable advices from the Far East.
reporting very strong market with
enormous buying, the local crude rub
Der market was firm and excited yes
tcrday, with all grades of rubber ad
vancing. Manufacturers and dealers
purchased large amounts. At the close
of the day buyers were in the major
ity, sellers being very scarce, even
thougnl prices were considerably higher
than the preceding close
For ribbed smoke sheets on the SPOT
dealers were asking 81 1s cents pound.
an advance of 3 cents over Thursdays
close. First latex brought 5212 cents a
pound, while brown crepe sheets closed
at 43f2 cents, up Y cents. A heavy
demand also prevailed in the Paras.
Up River fine bringing 561A cents ard
Up River Caucho 33 cents pound.
New-York tribune., 1919-09-13
METALS-SmoI Dealers
Shade Copper Price

Some small dealers in copper sold
IN metal yesterday for September de-
livery at 23i4 cents pound, against
the 23lac quotation maintained bv the
leading producers. Owing to the
fact that jobbers have recently been
p cklng up The offerings of SPECTATORS
tie supply in the hands of the latter
Is said to have been considerably
diminished and this has caused a
iirmer price tendency in the general
market. Current demand, however, is
moderate. Business was brisker in the
New-York tribune., 1919-09-13
Business Troubles
Petitions in BankruDtcv

voluntary petition In bankruptcy wa,
i'led In the Federal Court. Brooklyn yes
terday by the Seaboard Brass Foundries
Inc. Judge Manton appointed Thomas d
felder, or 100 Broadway. Manhattan. re-
Ceiver.
and other castings. and conducts a fniIn
dry at 4b to so Sea bring Street Brooklyn.
ne liabilities are s97.7+e.1l and asset y
s2o'3so22 William r. Grace Co Is among
the creditors.
Schedules in Bankruptcy
The schedules in bankruptcy elea ,.s
follows. "e+c DIS
MAAlM CORPORATION-Sc Schedules ~
MAXIM corporation. engaged in the bu.i
ness or buying, selling and exporting mer-
chandi9e and machinery. 100 Broadway.
New-York tribune., 1919-09-13
Wool Market Quiet

BOSTON, Sept. 12.-"Thc CONNER
cial Bulletin" tomorrow will say:
Business has been exceedingly quiet
during the past week, although one or
two houses report slightly improved
demand Prices, however, have shown
no further easing. The auction at
Philadelphia Thursday was unsatisfac-
tory, Withdrawals amounting to s4 per
cent.
THE English markets are swamped
with orders and prices are holding very
firm. The manufacturing situation
here is unchanged"
New-York tribune., 1919-09-13
SunfOwer Grove i'm a Tree

In front of the home of Mr.. and Mrs.
Robert Henry Gay. on Silver Street,
" Waterville, Mass, is large elm tree
tnat bears on one branch of its trunk.
ABOUT ffteen feet from the ground, a
fully developed and blossoming sun
mower plant. The plant consists Of a
single stem about four feet in height,
crowned by a perfect and ordinary
sized sunflower.
New-York tribune., 1919-09-13
The News of Business

HE Treasury policy in of
Indebtedness particularly the reduction of
brought changed
Dealers reported
willing to accept far larger of bills 5
heretofore when 5 cent prevailing with
exceptional bills going the
at 514 to 5lA
leading authority said
filled with
the business market
The demand for commercial suppv
Borrowing far below what would
the volume of This
operators several
cash transactions reported to be larger than
almost branch of sellers
dictate the terms of payment Some
of capital American three
times faster than normally Moreover
from strikes and other conditions
disc and this in has
delaying the time for borrowing by
The no means oenero1 + ~
New York institutions the MARKET still spottv than
ouhs 'e monh OF August The demand
continues adequate to take Of al offerings
Rates on bankers follows:
c. II hiry Ninetv
Eligible member
Eligible banks. 9-o44E
Ineligible bank blls...... 514 a4M 81, AK @4l0
For delivery within thirty Eligible member hank hl are
quoted at ZIG eligible bills
ineligible bank at per cent ~ " 'S "0
New-York tribune., 1919-09-13

Futures were in good demand. October
December ribbed smoke sheets closing
at 52h cents n pound and October-De-
cembcr first latex 53 cents.
transactions in the scrap rubber
market were larger than for some time
past. This increased buying was re-
ported to have been influenced by the
strength of the crude rubber market.
The demand however, is still large,
with reclaimers assuming a conserva-
tive attitude
New-York tribune., 1919-09-13

In New York County
Barrett William NJ. president
P j. McArdie, May is l91s s1oo4s
Ashley, Eugene. and Martin NJ
Schrankeisen-S Trimmer &
Sons. Inc; Nov. I. 1910.... 322e7
Barrett William NJ, president
L. w. Ely; June co. 1917 2sse1
Hellernan. Moses, and Paulay
Masel--M. Heller, April II
Papassim makes. John k-N Y.
Telephone Co, Nov. 21. 1911 1os o7
Weisser. Louis-L. Wagner; Aug
23. 1919 .,........... o16so
Lederer. Irving r.. and Alexan
der Robitschek-W r Jolley
ct al; March S. 1915 (cancelled5 7726 "a
"illiams. Dan. and James +,
Ihomas-People. etc. April 10
1918 tcancelled) )........ 100 m
Hlnkeiday. Chris-C. II. Bohland
ct al; Dec. 49, 1918. 4s5,a
Lailer. Simon and Sam Hartz
nand-l Tauber; March Is.
1913 ''.'... ACKNOWLEDGEMENTS. 1124
In Bronx County
under. Annie. and D. & A Realty
to,poration-A sero,n. Sept
wsisssr ssr' ,c,,,. ,;:.......: sls242
"iisSsg' 1i Ig,a a-ouiS-l~ Wagner; Aug.
~ 4'A' ..-............ 2i562
New-York tribune., 1919-09-13
Buyers Coming

MCSkOGEE, la.--Caihoun d G.; Co
Milton B. Becker. suits for ba sement; IL so
broadway. Baer G. I.ilienthal: is expected
September 15.
New-York tribune., 1919-09-13
Wheelbarrows in Africa

The trade IN whcclbarrows in South
Afr IN normal times averages be
tween $4,000 and $4,000 annually.
New-York tribune., 1919-09-13
Buyers Arrive


SAB. between 10 .
New-York tribune., 1919-09-13
Satisfied Judgments
In New York County

The first name is that of the debtor. tho
second that OF the creditor and date when
Judgment was filed:
New-York tribune., 1919-09-13
Judgments Filed

The following judgments were fled yes-
terday. the first name being that Of the
d btor.
In New YorL Couot,,
New-York tribune., 1919-09-13
interpretations

ALBANY. Sept. 12.-Charters granted
to-day by the Secretary Of State included
he following:
New-York tribune., 1919-09-13

All grades OF glyccrine underwent frac-
tional declines yesterday principally on
account OF the dulness of the market
during the past few weeks. Dealers hope
that new prices Will stimulate better buy
ing.
New-York tribune., 1919-09-13

for delivery within thirty days. Eligible member bank h;
acted at '6 per cent, eligible bank bills at
eligible bank bills per cent.