davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-21
Silks
Buying of Silk Goods fo,
Spring Year Sh01us
Tendency to Ebb

Selling agents forthe leading silk man
ufacturers were not rushed with orders
yesterday, the smaller attendance Of
buyers suggesting that trade in spring
goods has started to ebb. :. The smaller
quantities purchased consisted mostly
of such wcaves as georgette, crepe de
chine and crepe meteor. The tendency
was to buy only enough goods to
cover current wants.
Houses that formerly specialized in
French woven fabrics reported that
small quantities of the Lyons product
have been received in the United
States and that orders have been
booked for high-grade tinselled ma
tcrials. Several collections of new
French and Swiss weaves will be shown
here about the first of next month. 1t
was said that only about 40 per cent
of the Lyons looms are at work, and
therefore shipments to this country in
the next several months will not be
large.
Trade in Japanese raw silk was quite
active Yesterday Stocks held by manu-
facturers were reported to be running
low, and supplies of high grade white
silks were said to be scarce.
New-York tribune., 1919-03-21
TELEPHONES:
Beekrnan 8243
Beeklnan 5000
Great Britain and
France to Pool
Purchases inILS
Embargoes on Imports r.
pected 10 Keep American
Finished Products Out 80
the European Marke,s

WASHINGTON, March 2o-Jmn...
tlon by the French governmor+ r0s'- ~
embargo on imports similar Ia a..
put into effect by the British ;s
garded by government officials ~
as evidence that the Allies have
pleted their plans for industrial ro.a1
struction and now are proceed;nn
put them into effect.
Great Britain and France baro
lished pool in this country 70
troll whatever purchases thew nsos s0.,
make; and Italy is cooperative. s,.;.e "
them to limited extent. As rss,',a s,n
trade experts do not think thero ~ss,1 ,,';,
be much sale for American fn;shas
products IN the European countr,as ss
some time to come, it being the ~ aO'
nounced policy of vhe Allies to do ,r.a ss'
out those articles which they canno,
manufacture at home. Basic mater;sIs
sun VIII DC ousalned in the Unira5
states and probably much machinsrv
INTO the making Of which technics,
sklil and scientific knowledge enter hn,
IT is believed that the great bulk of os
American goods Will have to he nos VI
keted elsewhere mar
A distinct advantage for the lJn;sea
States is seen in the policy of tho Al
lies, who necessarily must curtail tha;.
competition in the foreign field in orSa.
to take care of their home population
The Allies dependence on this conntrr
for basic materials and machinery ~
start their commercial life anew msv ~
develop new role for American capl.
tai in financlnr Furonaap ;pd,,..: "f'-
versing the condition which nreva;led
until the war began.
America has more surplus gold than
any other country, officials saw. and
can relieve the European scarcity bv
taking industrial bonds at pro6tabls
rate of interest or government bonds
at a lower rate, in either case con.
trlbutlng to a revival of business whiss
would mean greater value for the mill.
IONS of foreign securities now held in
the United States. q"
New-York tribune., 1919-03-21
Brass Manufacturers
Look for Big Orders
Demands From Railroads and
Shipbuilders at Present
Are Light

Brass products sales are inactive
but there are signs that the large huv-
ers are about to enter the market in
the near future. The railroads and
public utilities are, however, cutting
down their purchases to minimum
especially in the matter of wire and
cables, and are making only necessary
repairs
The demand for tubes and other
metal products from the Emergency
Fleet Corporation has fallen off, as the
shlpbuilding programme is nearing
completion and no new construction is
beng undertaken at present.
manufacturers of metal goods are
looking forward to an early settlement
ny the government of their claims, some
OF which have already been dispose d
OF. Many producers fear that consider
able delay in settlements will follow
the curtailment of office forces by the
numerous boards which are consider
ing their claims This curtailment has
been necessitated by lack of funds in
various government departments.
New-York tribune., 1919-03-21
Exposition to
Start Drive for
Foreign Trade
Hosiery and Underwear
Makers Seek Other Mar
kets as Solution of an
Over-PrOductiOn Problem

American manufacturers of seamless
hosiery and knit underwear can, it is
claimed, put their goods in the worlds
market cheaper than any other coun-
try except Japan. For this reason the
National Association of Hosiery and
Underwear Manufacturers will hold a
knit goods exposition in Philadelphia
June to IA and is laying plans for
the establishment of department to
take care of the export trade of men,
bers. j. Henry Beck is manager of the
exposition.
Linked with the exposition, where
the products of close to a thousand knit
goods manufacturers Will be displayed
for the particular benefit Of foreign
buyers, is a plan TO bring these prod
ucts TO the closer attention of mer-
chants in foreign lands. After the ex-
position special exhibit will be or
ganized and taken to South America,
Europe and possibly other foreign
lands.
even now," said Mr.. Beck yesterday,
many Of our members are doing a
good export business. Australia and
Canada are among the largest buyers
of American made hosiery and unLer-
wear. In the latter country there is
little cal. for the medium grades of
merchandise The Canadians want
either the cheapest or the most ex-
pensive goods.
There is also fair amount of mer-
chandise in our line exported to South
America, Central America and the
West Indies. More recently the Scan
dinavian business has opened up.
''Thc first step is TO educate our
manufacturers to what is wanted in
foreign countries. For instance, it is
almost impossible to sell foreign
buyer union suit. Perhaps some day
the people of other lands will become
educated to wearing union suits, but
they don't want them now"
Mr.. Beck explained that many of the
knitting mills of the country expanded
their production facilities tremendous
" to take care of the orders poured
on them by the government during the
var. This machinery, he said is ready
10 run on civilian goods, and if run
iull will greatly increase the amount
OF production in this country. Foreign
trade, he said, was the logical solu
ton OF any problem of over produc-
ton.
Through the cooperation with the
State Department the knit goods ex-
port exposition, the first of it's kind
to be held in this country, has been
widely advertised among foreign mer-
chants. Advertisements and circulars
printed IN twenty-five languages have
been sent to forty-five different coun-
tries. The State Department also has
cabled consuls all over the world to
inform merchants of the exposition.
New-York tribune., 1919-03-21
Improvement of Japanese
Raw Silk Suggested

The visiting delegation of Japanese
raw silk reelers met representatives Of
the American silk industry at the Re-
publican Club, sd West Fortieth Street,
yesterday afternoon. During the con-
ference technical papers were read and
methods were suggested. for improving
the raw silk for use in American mills.
The principal object sought by the
weavers of this country is to get the
Japanese factories to prepare cleaner
raw material. Papers were read by
Messrs. Post, of Post e. Sheldon; Sheib-
lei, of the r. & Fl. Simon Co.; Seem, of
Huber {; Co.; Douty, of
the United States Conditioning and
Testing Company; Lewis, of the
WilkesB Silk Company, and Hug
of J. H. e. c. X. Eagle.
The visitors to-day will be the guests
of the Paterson, n. j., Chamber Of
Commerce, and a number Of the mills
of that city will be inspected during
the dav
New-York tribune., 1919-03-21

facturer made up his models at the
beginning of the season and continued
them until the next season. Styles
did not change from one year to the
next to any great extent. Now they
change every week or So"
Mr.. Ginsberg explained that his
firm was taking advantage of the
change in womcn's attitude toward
house dresses and is conducting a
publicity campaign designed to aid
local dealers who handle his product
under a brand name. The campaign
includes advertising in local news
papers ard assistance in the window
displays and other publicity channels.
This campaign is bringing great re-
suits. he said.
This year, said Mr.. Ginsberg, "our
business was slow in starting. Nor
mally the retail merchants place their
orders from October to January and
the goods are delivered in time for the
opening OF the house dress season.
which runs from April through June.
Retailers, as a whole, anticipated
great drops in prices after the signing
of the armistice and held off buying
as long as they could. After the first
of the year business began to pick up
when the retailers saw that prices
could not go down to any great extent.
Our statesmen are now out on the road
on their filling in trips, taking orders
to fill in depleted stocks and they are
sending IN satisfactory business.
Because Of the hand to mouth policy,
which many retailers have adopted we
anticipate a good business for the next
few months. When retailers want to
place orders for delivery month or
two ahead we are agreeing to give
them the benefit of any price reduc-
tions that may be current at the time
of delivery
"But l don't see how prices can go
down. If cotton materials should drop
and the better grades of cotton fabrics
which we use have not dropped the
decrease in our raw material will be
more than offset by the increased labor
costs. Prices now are about the same
as last year. Wherever possible we
have reduced prices, but this reduc-
tion has been only slight. In some
cases we have been forced to advance
prices a little"
New-York tribune., 1919-03-21
Metals
AH Copper Dealings on
Metal Exchange To Be
in ELectrOIytic

Copper prices yesterday showed a
tendency to become frmer, although
the market continued quiet. Large
sellers were still quoting Is cents a
pound for the metal, but small in
terests were willing enough to shade
that price if orders could be secured
by so doing.
Under the new contract to govern
trading on the New York Metal Ex-
change. which will be resumed March
81, dealings are all to be in electro
lytic copper, whereas the old regula-
tions called for standard copper, but
either electrolytic or lake could be
delivered by payment of the differ
ence in price.
According to dealers, experience has
proved that trading in standard cop
per was impracticable in ehis market,
although it is a success in London
where it still obtains.
New-York tribune., 1919-03-21
Rubber
Heavy Demand for Tires
Offsets Slump in Other
Rubber Goods

Large rubber goods manufacturing
concerns are so busy filling orders for
motor vehicle tires that the depression
in the mechanical rubber and rubber
footwear branches of the industry has
been more than Offset. The unprece-
dented winter use of automobiles and
motorcycles and the prospects of a
heavy touring season have sent the tire
making business booming, with the big
tire factories in Akron and Detroit
working to full capacity.
AT the office of one big rubber con-
Germ it was stated that the factories S
were so pressed with orders for tires
that relatively little thought was
given to other lines. Persons who had
not used their automobiles during the
period of the war because of the need
of gasolenc, oils and tires bv the gov
ernment have for several months past
been taking advantage of the new con-
ditlons by placing their cars in active
service.
One tire man declared that the huge
expenditure on the general improve
meHs OF roads throughout the country
would act as stimulus to touring.
The difficulties incidental to European
travel this summer mean, he said, that
thousands who formerly spent their
vacations abroad would remain at home
and travel in this country. Ali this
means greater use of tires, and it is
TINS business, as we'll as present de-
mands. that the tire companies are
preparing for
The mechanical rubber business.
which normally is represented largely
by orders for requirements, is stag
nant' put 1T is expected that when it
Last year rubber shoe and boot manu-
lecturers were in a position where
they could only supply about SO to so
per cent Of the orders placed by the
trade. The best part of the stock then
pought still remains on the shelves of
tne retailers because of the mild win
Yer. IL is said that this situation will
be reflected in next years business of
the shoe manufacturers
New-York tribune., 1919-03-21
European Countries Able
To Finance Trade

ROCHESTER,, March 20.-Vincente
Gonzales, foreign trade adviser of the
Mercantile Bank of the Americas. o,
New York, speaking here tonight at
meeting of the Credit Mems Associa-
ton, declared that in spite of her ter
rife war losses Europe has enough
money to finance its foreign trade.
Europe he said "wiil have more
than enough means, because the financ.
ing Of foreign trade is only a matter Of
domestic banking in the end, and their
banks, even if full of paper money
only, can dispose of the internal prob
lens OF production. Europe needs raw
materials-some of which we produce
here, some in other countries"
Speaking of the problems of ey-
change Mr. Gonzales said: "We can.
not live much longer doing gymnastics
IN trying to adjust trade balances with
each individual country so as to keen
our money on level with theirs. And
then if we do, going even TO the humi.
alton of borrowing to create artificial
balances in some countries, it is not
enough to maintain our money alone
on level. Trade needs parity and
stability of exchanges everywhere.
1T does no good to US to keep our
dollar at par, say, with Argentina if
the pound sterling and the francs are
at a discount, because then British
and French goods would have that ad-
vantage against US.
ut does US no good to have our dol
lar at premium anywhere; and it GER
talnly does no good 20 any country to
have it at discount The higher the
exchange for dollars in local currency,
the less the people can buy of our
goods. The lower the exchange, the
less would any country receive for its
products sold in this one 1t is mt
tual advantage to have all exchanges
ut par, subject to no more fluctuations
than the former normal gold points,
permitting banks to make their legiti-
mate earnings, without which trade
could not exist.
But how are We going to do it
with watchdogs keeping all gold stocks
everywhere | called il gymnastics.
and find no better word for what we
are doing now. But it cannot be done
forever -
New-York tribune., 1919-03-21
Trade i'm Cotton Goods
Now on the Upgrade
Buying Is Expected to Catch Up
With Present Reduced Pro.
ductiOn Before Long

BOSTON, March 2o.-The turning
point in the cotton goods trade has.
in the opinion of the editor Of "Tho
American Wool and Cotton Reporter" !"
apparently been reached.
while no radical improvement Is
to be expected for some time, the
market, he says, sis definitely on the
upswlng. Ordering will be largo as
soon as it becomes at all difficult to
obtain the quantities and deliveries
desired.
.Buylng is stfl below the actual pro-
duttion, but curtailment is increasing
somewha; because a number of manu-
facturers have been acc,1mulatinp
stocks of goods on certain construc,
tlons Many believe that by the end of
the month, or shortly thereafter, there
VIII be buying enough to take care of
all the production.
ut s probable that the present un-
usual situation in woollen goods will
continue until there are no longer ar
tlticial restrictions upon raw materials.
" mere the various offerings have been
made at low prices there has been no
great dlfflculty in securing a satisfac-
tory number of orders. But there
IS big difference in what consti-
tutes satisfactory number of orders
at the present time and a few years
ago.
while manufacturers want to Sc
cure some business in order to keep
machinery in operation and organiza-
tions toge ther, there are not many who
are willing to sell up large part of
their production at prcvailnr levels.
Buyers are just as much opposed to
placing large orders, since they are not
sure that todays prices may not
appear high at some later date. Con-
fldence. has increased temporarily, but
there IS no certainty as to the trend
of the market and consequently the
feeling of hesitation among buyers
still exists"
New-York tribune., 1919-03-21
Business Money

The commercial paper market was
more dull yesterday than for some time.
Notes of regular maturities move at 5 "
per cent, and now and then a more at
tractive name of short maturity dis
counts at 5A per cent. Hardly any of
the New York banks are buying; but
brokers report a. fair demand out of
town. The principal feature of the
market, they say, is the lack of new
bills making an appearance. They
could sell more paper if they had more
to sell Most dealers do not look for
much revival until April 1, when it is
believed that a number of dry goods
notes, usual at that time, will be of
fered.
When a business firm borrows
money on its note at 512 per cent, it
costs the firm. when the note brokers'
commission and other expenses are
some firms now consider too high a
rate. They insist that peace condi-
tons are not the same as war condi-
tons; that during war they had to
have the money, and now the urgency
is less; that during war their profits
We're so large that the rate at which
money was borrowed was relatively
unlmportant so long as the money
could be obtained. The rate which
business men are willing to pay for
money depends on the profit, interest
or return they themselves can make
on the borrowed money. and If that
rs cut down, their demand for money
will be less.
Dealers reported a good demand
IN the bank acceptance market yes
terday, Notwithstanding the hiph cal1
money rate. Call money renewed at
6 per cent for the first time since Feb
ruary %. But the present tightness
OF cali money has apparently attract
ed funds from out-of-town banks to
this centre. relieving the pressure on
New York institutions. 1t is the be-
lief of some dealers that the high call
rate will cause more bills 70 come
upon the market. There is ten
dency to look for a bettcrment IN the
situation next week on little later.
New-York tribune., 1919-03-21
%, 800, 900, 900 Pounds of
Meat Produced i'm 1918

WASHINGTON, March 20.-Under
the stimulus of wartime demands, meat
production reached the enormous .otsl
of 1886, 100000 pounds last year,
which the Department of Agriculturs
announced to-day, undoubtedly never
before had been attained in this coun
try, and certainly not in any other
country by long odds"
Meat producers met the war stua-
ton magnificently in 1872 the de-
partment said. "They increased meat
production in one year by "a per cent.
and thus made possible an increase Of
national meat surplus in one year by
19 per cent. and an increase in per
capita consumption by II ner cent.
Notwithstanding the very high prices
OF meat in this country in 1918, and
with prices rising above 1917. large
traction of the population must have
greatly increased its meat consumption
in that year"
Meat production showed an increase
of almost 5.000,000D00 pounds last
year, compared with 1900.
New-York tribune., 1919-03-21
Treasury Postpones New
Offering of Certificate

WASHINGTON, March 20. - Post
ponement from April to April 10 Of
the next offering of certificates of in
de ebtedness was announced tonight by
the Treasury Department. At the same
time 1T was announced that the sub
scripton books for the series of tay
certificates had been ordered closed at
the end of business to-day Both steps.
1T was said, were made possible through
the unusually large subscriptions to
the two pending issues.
Uncompleted returns furnished bv
the Federal Reserve banks. the Treas
ury announced, indicate that the ag-
gregate amount of subscriptions for
the tax certificates maturing June 16,
to the cose of business to-day, will an
proximate $350OOO.OO0, and that the
total amount of certificates available in
payment of taxes on June l6 will be
approximately $685 .OOO.O 900
New-York tribune., 1919-03-21
"Story of Silk" in Movies

A motion picture entitled "The Story
of Silk" showing the various processes
of the silk industry from cocoon to
cloth, was shown yesterday for the
benefit of the statesmen and invited
guests Of J. H. e. c. X. Eagle, silk
manufacturers. Hereafter, for the next
two months, the film will be shown to
Eagles customers upon special invita-
ton at 10 a. m. and 2 p. m. daily. Most
of the film was taken at one of the
FaOla nlants
New-York tribune., 1919-03-21
New English Woollcns Shown

The first of. new English made fab
rlcs to reach this country since the
war are the tweeds now shown by B.
Prlestly e. Co. These are developed
in wide range of colors and patterns.
me line, is .rcplete with diagonals,
plaids, herringbones, checks and
stripes. For mems wear the green and
brown shades predominant, while for
Women's wear the leading coors are
light and bright shades Of blue, green
and purple. The price ranges from
S3.37R per yard upward
The firm is showing a new develop
ment in its Badminton Hunt cloth
with a worsted face and mercerized
back. The cloth is particularly suited
tor sports clothes. 1t weighs from
101a to IL ounces yard and is priced
at $337R per yard.
New-York tribune., 1919-03-21
Government Wool Stocks

:. WASHINGTON, March 20.-sta-
tistics made public by the War De-
partment to-day showed that the gov
ernment has on hand or contracted
for 4s7, ,1oo,540 pounds Of wool remain
ing to be disposed Of. Wool purchased
or contracted for amounted to 1872
s2o,le pounds, valued at moro than
sooo,voo,ooo: 1t included 10000 900
pounds Of domestic clip yet to be de-
aiYered; ~, 10000 pounds to como from
south America, and 94.000,000 pounds
contracted for With the British gov
ernment o.
New-York tribune., 1919-03-21
Orders for Woollens Being
Filled Only in Part

The prediction made by many lead
ers in the woollen goods trade that the
American Woolen Company would not
MI all the orders it has booked at the
extremely low prices named on goods
for fall, 1919, seems about to be real
lied. Many clothing manufacturers
and women's garment makers who
placed large orders for fannels with
the American Woolen Company report
that the company has notified them
that onl y portion of their orders will
be filled. In some cases, it is said, the
buyers will receive only 20 per cent of
the merchandise ordered 1t is pre-
dicted that the same policy will be ap-
piled by the company to other cloths
booked.
If the American Company trims
many OF its orders in this fashion it is
said that other mills which refused to
cut their prices will get much of the
business.
New-York tribune., 1919-03-21

when the uncertain situation arising
from the tax Withdrawals has been
clarified.
The range of rates on commercial
paper was unchanged yesterday from
"Wednesday and a week ago; two,
three, four, five and six months ma
turtles 5 a 05la per cent.
Fifteen to sixty day prime trade
to ninety days, 50514 per cenT; in
dorsed trade acceptances, Az per cent
all maturties.
New-York tribune., 1919-03-21
Metropolitan Fur Sale To-day

About $4b,0 900 worth OF furs and
skins will bs put up for sale to-day
at the weekly auction Of the Metro
pol1tan Fur Exchange. Included IN
the sale will be n collection Of manu-
factured muffs, .carfs. coats and stoIes
In all varieties of skiing The raw
skins include 1000 muskrats. 1900
Chapsl's Hudson seals, 10 600 New Zca-
land rabbits, foxes, wolves, coyotes.
skunk, nutria, srnino, neAiine, mink,
lynx, goats, Chinese eivet cats, mole,
squirrel and Russian sable.