davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-29
Colors
Dyestuf Quotations Fall
as Quantity Production
Is 4cheired

Quantity production of numerous
colors which before the war could he
made IN this country, and which when
produced under the necessities of the
war sold at extremely high prices, is
now being obtained, with the result
that prices are greatly reduced. The
head of prominent dyestuffs house
sald yesterday that the price on
ysophenine, one of the finest direct
yellows, had been lowered to So to SO
pound. 1t sold during the war as
high as S33 to S34.
There is now on the market at $3.50
brilliant direct sky blue, made fast
by after treatment, which formerly
sold at S12. Certain concerns are
working on brilliant direct fast pink,
which they expect to have ready for
the market in a few weeks. An acid
bright green yellowsh color is being
developed, but the producers have not
yet succeeded in changing it from
paste to powder form
Malachite green is being put out bv
several manufacturers at 81. It's price
during the war was $12 The price Of
many other domestic colors has been
cut IN half Direct blacks, which for
merly sold in the spot market at IS
to So, can be bought at 90 cents to 81.
New-York tribune., 1919-05-29
Move to Check Retailers
Abusing Discount Term

Taking Of uncarned cash discounts
by retailers will be checked by Nom
bers of the United Waist League of
America, national organization of
waist manufacturers. Members of the
league have been provided with labels
calling attention to the fact that "a
discount for cash is premium for
prompt payment at the time and upon
the terms given, and when not earned
should not be taken.' The label states
it is issued at the instance of the
United Waist League Of America.
"Thc taking Of unearned discounts. !"
said M. Mosessohn, executive director
Of the league, yesterday, "is question
that has given great deal of trouble
to the women's garment trade. We will
emphasize the Importance of taking
discounts only when the retailer is en-
titled to them"
New-York tribune., 1919-05-29
Textiles
Hhdro,col Of Many Cot
ton Goods Lines Puts
Check on Trading

Sellers of cotton goods have with
drawn so many fabrics from the mar
ket Is to limit trading. But inquiries
for goods yesterday were numerous,
indicating that the demand is only
temporarily damned by the action of
the mills in refusing to sell additional
quantities for future delivery. Buyers
We're in the market taking all the
colored goods they could find which
had not already been contracted for.
Leading producers of bleached goods
we're refusing business pending the
naming Of new price schedules.
Brokers reported that buying of un-
bleached goods continued active, but
most of the mill agents insisted that
they were not courting business for
future delivery. Under the circum-
stances the business was confined
largely to the profit taking operations
Of coaverters, among whom there
seemed 70 be considerable buying and
selling Of speculative character. All
OF the commission houses declared that
they welcomed the coming holidays,
whick will result in suspension Of
business over the week end.
New-York tribune., 1919-05-29
Leather
Leather
Warmer Weather Slim.
ulates Sale Of Sum-
nler FoOt,ueur

High prices have not stopped the
sale of shoes. Jobbers report that re-
tailers are now in the market placing
additional orders to cover their needs
for the present season. The warm
weather has increased the sale of white
canvas, kid and buck footwear, ac-
cording to the jobbers. From now on
it is expected that the demand for this
type of shoes will continue heavy,
reaching its peak the latter part Of
next month when many persons will
have completed their summer vacation
preparations.
For the last few weeks a strike
among the shoe workers in the New
England district has tended to curtail
production of fall styles Of footwear
and it is said that this may affect the
delivery of merchandise to the retail
ers. According to NJ. L. Blocker, presi-
dent of the Blocker Shoe Company,
it is possible that only about so per
cent of the retailers will have their
fall orders delivered.
This, he said is because manv
New-York tribune., 1919-05-29
Embargo on Tin Imports
To Come OFF on .Julv I

Import restrictions on tin ore and
TN concentrates are to be removed on
July l, next, according to an announce
ment here yesterday by John Hughes,
Of the United States Steel Corporation
and chairman of the War Trade Board
Subcommittee on pig-tin. Licenses
permitting the importation of ship
ments from points of origin on and
after June s will be granted
London cables to the New York
Metal Exchange yesterday quoted
lower prices on tin. Spot was quoted
at e235, q decline of e.; futures
$3.50, off Il. Straits metal was un-
changed at f242
New-York tribune., 1919-05-29
Business Money

The commercial paper market In the
last day or two has been showing signs
Of greater ease. One house yesterday
reported that about two -hfths of it's
present volume of notes were COM
manding 8 per cent, with most of the
rest going at 81. This is more IA
vorable percentage than has been seen
for nearly two weeks.
There is little buying from New York
banks. One institution which had been
refusing to buy any paper under 51a
per cent yesterday came down to 5A
Some brokers were inclined to look
upon the previous acceptable" rate as
a way of indicating that the bank was
out of the market, but was willing to
keep itself open if any z paper came
along. Most of the present buying
comes from out Of town.
May is usually good month in the
commercial paper market and it has
proved comparatively good month
this year. A number of businesses at
this time come in for spring REQUIRE
ments of funds. Throughout the sum
mer, when these requirements have
been met, there is apt to be a period
Of duness.
Most bank acceptance dealers have
lately been reporting disappointing
business. 1t is better than last week,
New-York tribune., 1919-05-29

they say, but nothing to boast about
One firm, however, has been doing an
unusually good business all week
From tho buying sde-that is, from
the number Of new bills coming in
conditions continue favorable. A deal
er whose portfolio almost doubled last
week because he was able to buy q
large number Of bills and could sell
hardly any, now finds his portfolio
running rather even. Some dealers
look for little change at the end of
this week, but expect q good deal of
Improvement in the market beginning
early next week.
The American Acceptance Council is
expected soon to appoint some new
committees. The appointment of these
committees has been delayed until
their exact functions have been decided
upon, though a more general idea of
their proposed functions is already in
mind. According to present plans, the
first issue of the councils biweekly
circular may make its appearance at
the beginning of the new month. 1t
Will begin as a four-page folder, but is
later expected to develop.
Fifteen to sixty day prime trade ac-
ceptances were quoted at S and 81
per cent; sixty to ninety days, and
~ per cent; indorsed trade accept
ances, 12 per cent, all maturities.
New-York tribune., 1919-05-29
Furs
Trappers' Prices Held as
Factor in Increased
Cost OF Furs

When transportation facilities i'm
prove, furs of foreign origin may be
available at lower prices, according to
furriers an fur dealers But Ameri
can staples, such as skunk, opossum
and muskxat, will continue their up
ward swing, they say. Several of the
leading fur merchants yesterday were
asked their opinion of future prices on
American staples, and all agreed that
they within the next year would rise
from 25 to so per cent above presen.
levels
One of the reasons for high prices
say the dealers, is that the trappers
aware of the demand for furs, are ask
ing "big money" for their catches
Farmer boys throughout New York
state ask and get 81 to 1925 apiece for
raw muskrat skins Four or five wears
ago 25 cents was considered a good
price. Competition among the fur
dealers has led to this situation, it is
said.
New-York tribune., 1919-05-29
Jewelry
Large Orders for Wrist
Watches Placed for
Holiday Trade

Shortage of skilled labor is still pre-
venting manufacturers of watches
from bringing up their production to
the point whore it will be large enough
to supply the demand. Practically all
classes of watches are wanted by re-
tailers, with the higher-priced time
pieces most in demand. On top Of
heavy orders from domestic sources
the watchmakers are also booking con-
siderable business for export.
1t is reported that there has been =
surprising demand for wrist watches
which, it seems, are worn more gem
orally by both men and women as a
result of the habit contracted during
the war period than was anticipated in
the trade. Many manufacturers al
ready have received large orders for
wrist watches to be delivered in time
for the fall and holiday selling season.
New-York tribune., 1919-05-29
Jewelry Trade of
Latin Americans
Lost to Germans
Leaders in the Industry Here
Told That Great Oppor-
tunity Awaits Them in
Markets South of Equator

S. W. Rosenthal, trade commissioner
of the Department of Foreign and Do
mestic Commerce, yesterday presented
a 1cnort Of his Investigations of the
1eweiry and silverware markets in the
Latin American countries at mass
meeting held at the rooms of the Ma
tlonal Jewellers Board of Trade, This
meeting, which was the initial step in
a plan to encourage the American Jew
elry industry to take moro active in
terest in the devtlopment of export
trade, was attended by about one hun
dred manufacturers. A similar meet
ing will be held in Providence. R. l..
on June O.
After pointing out the improved
facilities now offered American con-
Germs in handling business with South
American merchants, through better
banking. credit and shipping arrange
ments. Mr.. Rosenthal told of the lew
eiry industry in tho countries he vis-
tied.
"For jewelry and sllverware oppor-
tunlties In Latin-America, he said.
are n some respects even greater
than they ere in other lines. Ger
many, winch in normal times supplied
the bulk Of the merchandise, has lost
the good will of the Latin American
'rado, while America has gained it,.
Comparatively little merchandise has
been shipped to South America during
the last fou- years, and the shelves Of
the Jewel e1 ore bare. Merchants as
ruIo do not want to go back to their
former German connections. To a
great extent they look to us to supply
thcm with goods. We may never have
such an opportunity again"
MIR. Rosenthal declared that German
concerns in 1913 exported about 150.-
100000 marks worth of iewelry. A
large part Of this went to Latin-Amer-
lca, he said Before the war Latin
American jewelry buyers visited the
French and German markets. but few,
II any came to the United States. Re-
Gently, Mr.. Rosenthal said, some South
American buyers visited the markets
here, but complained about the diff
Guilty in getting in touch with the
makers of jewelry they were inter
ested in and returned without placing
orders.
New-York tribune., 1919-05-29

months, and that won't be soon enough
to have much effect on spring goods,
as 1T takes time to transport wool to
the mills and work 1t up into cloth.
"Most of the woollen mills of the
country lost three months of their
fall production this year. They are
far behind on their fall orders and
there was a greater demand than pos
sibly could be filled The labor costs
have increased and the hours of work
have been shortened. There isn't q
mill in the country that know of that
is producing as much cloth now as
it did In war times, or In pre-war
days. The outlook for increased pro-
duction is small, and Judging by the
great demand for piece goods for fall
use, it is reasonable to expect just
as large demand for spring goods
when the mills offer their samples In
midsummer.
"The law Of supply and demand will
assert itself. We will have cur
tailed production of spring fabrics,
just as we did Of fall goods, and the
demand will be large. The answer Is
high prices"
New-York tribune., 1919-05-29
BUSINESS NEWS BUREAU.
Tribune Building
154 Nassau Street
Form Big Bank to
Finance Mills i'm
Textile Industry
New Institution, Backed by
Wall Street, Will Render
Service Leading to Ex-
pansion of the Business

The Guaranty Trust Company and
the Liberty National Bank have
united in the formation of the Textile
Banking Company, the chief function
OF which will be to act as banker for
mills in the textile industry. This
is the first time that an institution Of
this character has been organized by
Wall Street bankers and is looked
upon as an important step in the de-
velopment Of the textile trade. Hither-
to, according to the bankers an
nouncement, commission houses have
conducted the banking business of the
mills.
Incorporation papers, filed at
Albany, stated that the new corpora
ton Will open for business as soon
as the charter is granted. It's head
quarters will be in the uptown whole
sale drygoods district, hut for the
present temporary Offices will be in
the Guaranty Trust Company building,
at 140 Broadway.
The new corporation" said the
statement of the bankers, will have
fully paid-up capital and surplus of
92,50o,Oo0. 1t has the banking sup
port of both the companies named.
The incorporators are f. c. Converse,
Of New York; Grayson II. P. Murphy
and Eugene V Stetson, both vice
presidents of the Guaranty Trust
Company, and Harvey D. Gibson and
John P. Mcguire, president and as
sistant cashier, respectively, OF the
Liberty National Bank The officers
will be announced later
"The Textile Banking Company will
perform the functions Of banker for
mills in the textile industry, which
functions have been performed for
many years by firms known as factors
or commission houses. In addition
the company Will finance the funda-
mental requirements of mills, such as
their raw material and besides will be
equipped in many other ways to offer
to the mills service which will be very
helpful in the operation and expan-
sion of thcir business"
In banking circles the formation of
the Textile Banking Company was
regarded as significant. in view of the
fact that both the Guaranty Trust
Company and the Liberty National
Banks are among the so-called Morgan
group Of banks. Members of the irm
are represented on the boards of the
two institutions
New-York tribune., 1919-05-29
Knit Goods Men Elect Officers

At the annual meeting Of the Ma
tlonal Association Of Knit Goods Sell
ing Agents, held at the Arkwright Club
yesterday, Victor p. Sahner was re-
elected president OF the organization
for the third time. Thomas II. Gurer-
~ was chosen to fill the office of vice
president, while j. 2. Quinlan and Hen
~ Van Holland were elected treasurer
and secretary, respectively. After the
routine business Of the organization
had been transacted the members dis
c9ssed the salutary work the associa-
ton had performed in conjunction with
the Southern Dry Goods Association.
the National Association Of Wholesale
Dry Goods Dealers and the Association
d Jobbers and Knit Goods Buyers in
adjusting differences tha, had arisen
bctweeG buyers and sellers. 1t also
Was go:cd 70 increase the annual dues
of the members from s25 to $50 cx~
eept in the case Of salcsmcn.
New-York tribune., 1919-05-29
Metals
I Trade Hears France Has
Lifted Embargo on
Conner H5nDorfs

Cable advices received here yester-
day stated that the embargo upon the
Importation of copper into France, in
force since early in the war, has been
lifted. This news came as a surprise,
as it had not been expected that any
change would be made in the import
restrictions by the French government
until several weeks after the signing of
the peace treaties.
at is apparent from this action of
the French government" said lead
ing seller, that its stocks of copper
are liquidated, or nearly so, and con-
sumers are to be permitted to look to
other sources of supply.
There has been no such embargo
in Great Britain; the market there has
been open to all companies and con-
siderable business is doing Italy is
now the only important country that is
still maintaining an embargo on copper
imports, and intimations have recently
come from Rome that restrictions will
soon be removed
The same authority declared that the
supply of labor at the copper mines
in this country is far from satisfac-
tory and that in some districts trouble
is encountered in obtaining enough
men to operate on the present so per
cent of capacity basis.
While most of the copper selling
agencies firmly maintained their prices
Tor copper yesterday, some small deal
ers were reported to be Offering the
metal at slight concessions from the
general market quotation of 161a cents.
Business in copper is on comparative-
ly small scale, the turnover being much
below the volume Of fortnight ago.
New-York tribune., 1919-05-29
Women Scorn Cheap Hosiery

Cotton hosiery of the better grades
is in active demand for shipment up to
the end of September. The leading mill
agents are advancing prices because
OF increased quotations for raw cotton
as we'll as for yarns. But it is admit
ted that women's low grade hosiery
does not sell we'll, it being intimated
that women generally want only the
best silk and mercerized hosiery A
leading manufacturer, with mills in
Pennsylvania, stated yesterday that
half of the mills that are equipped to
make low grade hosiery are working
short time.
New-York tribune., 1919-05-29
Study Savings Bank
investment Abroad
Committee to Investigate the
Question of Buying of
Foreign Issues

In the absorption Of foreign secur-
tiles in this country TO finance interaa-
tional trade, the 622 mutual savings
banks Of the country will play an I'M
portant role, if the campaign recently
started by the American Bankers As
sociation succeeds.
A committee consisting Of John J.
Pulleyn, president Of the Emgrant In
dustrial Savings Bank; Frederick B.
Washburn, president Of the Worcester
Five Cent Savings Bank, and Myron 7.
herrick, president for the Society Of
Savings. Cleveland, has been appointed.
1t was learned Yesterday. u accordance
with resolution recently adopted by
the Bankers Association.
This committee has been charged
with submitting a report to the sar-
ings banks section of the association
at its annual convention a. s.. Loais
on September % on methods by which
savings banks can be enabled to IN
vest IN foreign securities with q
minimum risk. At present Connec;i-
cut is the only state which allows
mutual savings banks TO buy foreign
bonds, and if the plan is to be carried
out enabling acts VIII have TO be
passed in the other states
1t has been estimated that me
mutual savings banks might without
sighting domestic issues purchase at
least S5o,ooo,oo0 year Of foreign Sc
curities. These institutions now hold
SslS,0000O0 worth of railroad bonds
and more than ,oo0o0o,ooo Of mum
icinal ieslnr
New-York tribune., 1919-05-29
Shopping for Woollens
Buyers Urge Mills to Speed Up
Deliveries

Deliveries and not sales worry the
woollen mill sales agents now. Buy
ers from out Of town make special trips
to the market to beg for the early de-
livery of fall goods ordered month
or so ag6. While here mainly to
speed up the delivery of their pur-
chases the buyers are not averse to
picking up goods wherever they can
without asking the price. Mill agents
who have no more woollens or worsted
to offer are asked to direct buyers to
other concerns who may be able to
book more orders.
Those in search of merchandise are
compelled to shop through the market
to find what they want. "It's catch
as catch can market now" said one
large buyer for a Western wholesale
house yesterday.
Cloth jobbers whe were fortunate
enough to get deliveries of fabrics are
demanding exorbitant prices for them.
according to the buyers and have lit
tie to offer Many sales of half pieces
and even of ten and twenty ward
lergths by jobbers are reported
New-York tribune., 1919-05-29
Plan Huge Auto Plant

DETROIT, May 2s.-Preliminary
plans for the establishment on the
st. Clair River, near Port Huron,
Mich. Of one of the largest auto
mobile manufacturing plants in the
world and which will be the centre of
model city, We're announced to-day
by c. Harold Wills and John R. Lee.
lately OF the management of the
Ford Motor Company. Associated
with them in the enterprise are other
prominent automobile men Tho site
Tor the proposed industry comprises
about 1000 acres of land
New-York tribune., 1919-05-29
Outlook for Glove Prices

Business Editor, The Tribune.
Sir: My experience in the manufact-
ure of gloves, which takes in everv
detail of the business from the time
the kid is slaughtered until the de-
livery of the finished product over our
counter, has caused me to form the i'm
preston that there will be for the
next two years a constant advance in
prices, rather than decline, due en-
tlrely to the fact that our class of
merchandise is creative art and
higher than an industry, taking it en-
tlrely from the classification of craft
Labor has always been inadeouatelv
paid, and with the supply of skins so
considerably reduced, there is no oues-
ton but that higher prices will nre-
vail III our character Of merchandise
w. NJ. SMITH.
General Manager P. Centemeri e. Co
New-York tribune., 1919-05-29
Expects World Demand
For American Clothing
Expert Says Motion Pictures
and Magazines Have Opened
Up Great Field

American clothing soon will be worn
all over the world, Ralph Breed, fash
ion expert who has just returned
from a 5000 mile trip through Europe
told members Of the Associated Dress
Industries of America yesterday at
that organizations first monthly
luncheon meeting at the Hotel Me
Alpin.
He sketched the opportunities In
foreign trade awaiting American gar
ment manufacturers. "Everywhere |
went to Europe" he said "I met Brit
ish and Japanese traders on their way
to vantage points from which they
could go into countries newly opened
to trade by the lifting of war restric-
tons. America must wake up to the
commercial war that is coming"
Before the war, he said, Germany
sent $38,000,000 worth of ready made
clothing to England every year. This
field Is now open to us," he asserted.
1.-THE labor unrest in France England
and Italy is apparent, and shows clear
~ that those countries will be long
time getting back to their old stride.
That gives America her opportunity.
"The world is dressing moro and
moro alike. American styles arc as
fashionable as those coming from
Paris, and. furthermore. Paris IS not
in a position to supply the world with
origina! models. American apparel
manufacturers need worldwide mar
kets for their overproduction."
Mr.. Breed said that American mo-
tion pictures were fostering a desire
for American goods In foreign lands
and that the American fashion
magazines were widely read abroad.
These media, he believes, will bring
about a demand for American mer-
chandise.
New-York tribune., 1919-05-29
Metropolitan Exchange to
Auction 81. 100000 of Fur

About s1,oooooo worth of furs will
be offered for sale at auction by the
Metropolitan Fur Exchange, Inc, 1O8
West Twentyfourth Street, beginning
Monday at 10 a. m. 1t is expected the
sale will consume four days. The furs
will be on exhibition until the start of
the sale, including Sunday.
The offerings include domestic and
foreign foxes, opossum, wolf, lynx
marten, mink, kolinsky, raccoon, beaver
nutria, muskrat, raw, dressed and seal
dyed, and about twenty-five other va
rieties of fur skins.
New-York tribune., 1919-05-29
Will Enter Fertilizer Field
Tennessee Copper and Chemical
to Erect Plants

The management Of the Tennessee
Copper and Chemical Corporation, it
was learned yesterday, purposes to
enter the fertilizer field and to have
large fertilizer plants erected on it's
property.
AZ present the sulphuric acid ca
pacity of the corporation is delivered
70 the international Agricultural and
Chemical Corporation at contract
price Of S4.8l per ton. As soon as
TINS arrangement expires the bulk Of
thls acid viii be used for the manu-
ftcture Of acid phosphate. Ono ton
Of sulphuric acid produces two tons
OF acid phosphate. Acid sulphate sells
at from SIG to $i8 a ton.