davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-02
British Aim TO Protect
Conualescing Industries
Manufacturers as Well as People Welcome Com
petition at Home and Abroad, Says Expert;
Predicts Early Lifting of Import Restrictions

American manufacturerers who want
to push the sale Of their products in
England need have no fear that Great
britain will permanently establish any
policy of protecting home industry, &C
cordlng to Frank G. Smith, managing
director of the Collin Armstrong Ad-
vertising Agency, who has just re-
turned from business trip abroad.
My primary purpose in visiting
tngland,' said Mr.. Armstrong yester-
day, was to find out for a number of
our clients the exact situation in Eng
lard in regard to restrictions and du-
ties on imports and the possibilities
of the future. After conferences with
many leading business men in all lines
OF industry | think it is safe to say
that protection policy is not wanted
IN England by the working people, the
manufacturers or the government.
Present import restrictions are mere
ly aids to convalescent British indus
try and, believe, will be removed as
soon as the various trades have re-
gained their strength. British manu-
facturers welcome American competi-
ton and are preparing for it, not only
at home but abroad. I found the Brit
lsh ready to play the game squarely
and openly.
cone thing must be borne in mind.
though, and that is that the English
man will not be coerced into buying
American goods. He will accept them
New-York tribune., 1919-07-02
English " oollens Sell
Here at High Prices
Foreign Mills Are Working
Hard to Regain Trade in
This Country

Although present manufacturing costs
in England make the price of British
woollens delivered in this country much
higher than corresponding grades Of
American cloths, the English mills are
working hard to regain the trade in
this market, lost to them during the
war
American sellings agents for English
mills say they are receiving goods now
in fair quantities, despite the fact that
the British domestic market and the
continental countries in Europe can
absorb more than the mills abroad can
produce under present conditions.
Goods we receive now" said one of
the agents for British mill yester-
day, really are concessions to US, but
our principals realize that if they are
10 regain their prestige in this market
they Will have to supply materials in
constantly increasing quantities. The
shortage of American made goods is
enabling us to dispose of our merchan
disc readily, even at the high prices
we are forced to charge. The present
market here demands only the highest
class fabrics and no cheap fabrics are
coming over now. We have found our
old customers willing to buy English
goods Of established standard even at
the advanced prices"
New-York tribune., 1919-07-02

only on real merit Bouncing" the
English slang term for forcing goods
on man through persistent effort or
through consumer advertising, Is
frowned upon over there. In this
country it is possible to force distri-
button of goods through consumer ad-
vertising first Over there the adver-
tising and the distribution will have to
go hand in hand"
Both England and France are re-
ceptive to new ideas and to new pred
ucts to greater extent than they
were before the war, according to Mir.
Smith Modern efficiency. developed
in America. has made rapid strides in
Europe during the past few years, he
said. In France especially this prog
ress has been rapid, since France was
behind England in efficiency and pro
ducton methods. He illustrated his
point by citing the fact that American
makers of loose leaf bookkeeping sys-
tens are doing a tremendous business
in France and that three new factories
for the production of such systems
have been erected in France recently.
England and France are now or soon
will be open markets for American
manufacturers" said Mr.. Smith. "The
American who wants to do business
over there will be received heartily, but
he must he prepared to sell his wares
OIL their merits and to sll them in the
established trade channels and accord
ing to the customs of those countries "
New-York tribune., 1919-07-02
Large Sales of
Wool Being Made
I'm Western Texas
Choice Clips Are Bringing
as High as 90 Gents a
Pound; Many Dealers on
the Ground
Business Nstcs Buredu


san ANGELO. Ten, July 1.-Sales
of the spring wool clip are being made
rapidly IN the San Antonio and other
wool concentration centres of western
Texas Since the middle of June mp
prox matcly 100000 pounds Of She
clip stored in San Antonio have been
sold at prices ranging from 50 cents
to so cents pound.
The biggest sale so far reported is
that in which II. Z. Roddie & Co, of
Brady and san Angelo, sold 700. 1000
pounds of twelve months wool at an
average price Of 80 cents. and 10000
pounds Of six months fleece al AS
cents. to Henry d. Allen. representing
Charles J. Webb & Co., Of Philadel-
phia.
March Brothers. of San Angelo. have
disposed Of 100000 pounds of long
wool through j. H. Cauthen, of LAM
OF Boston. The Wool Growers Cen
tral Storage Company sold 200 600
pounds OF twelve months fleece to
this same firm. Definite prices were
lot given out. but it was stated that
the average was we'll above 80 cents.
II. 7. Koddie 4; Co. also recently sold
10 Adams q Leland, of Boston. 10O-
tND POUNDS OF long WOO tnat the Nrln
concentrated at Brady, Brownwood and
Nenard. TIE price ranged from so to
- cents H. NJ Cummlns, OF Boston,
represented the buyer. A half million
pounds we're stored at Menard and
l50, ,000 pounds each at Brownwood and
Brady. Mr.. Roddie has shipped an
additional 100000 pounds from Men
ard.
Roddie & Co. have purchased 15o,-
coo pounds from the Wool Growers
Central Storage Company. Of San An
gelo. for the account OF Charles j.
Webb & Co.. Of Philadelphia. These
). is said. were the choicest clips and
brought close to 60 cents.
\ similar amount of six months
faohair has been shipped by Roddie &
Co. from Bernard to Boston, unsold, but
consigned 70 Adams & Leland.
Only small amount of mohair has
IS yet been sold in western Texas, ac-
Cording to buyers
New-York tribune., 1919-07-02
lir's
Ne,u Organization Plans
To Hold Fur auctions
in S,citserIQnd

Encouraged by promises of coopera-
ton received in this country, the in
terests back Of the newly organized
Union Of Swiss Skin and Fur Indus
tries, Inc, are proceeding with their
plans and VIII open their first auction
in the spring of next year. j. A. Kuhn,
president OF the union, and Robert
Lehman, secretary of the Chamber Of
Commerce Of Lucerne, where the auc-
ton Will be held, said yesterday that
the hundred or moro American fur
dealers they had interviewed on the
subject during their tour of this coun-
try had been favorably impressed with
the possibility Of making Switzerland
a new international fur market.
Mr.. Kuhn pointed out that Switzer-
land. because Of its central location
would draw buyers from all of Middle
Europe, as well az from France, Italy
Spain and England.
The auctions VIII be conducted un-
der the auspices Of the union and the
city Of Lucerne. Present plans call for
two sales a year, one in March and one
in September.
New-York tribune., 1919-07-02

Textiles
" ash Cotton Fabrics NO1u
Wanted for Next
Springs Trade

Demand for cotton textiles was &C
tive yesterday, but the volume of busi-
ness was held down by the scarcity OF
goods. Jobbers and garment manu-
facturers were In the salesrooms of
some of the mill agents placing or
ders for wash fabrics for next spring
but these buyers seemed to be in
doubt about purchasing such weaves
as sheetinps, tickings and denims
Leading mill agents stated that they
were not anxious to accept large or
dcrs for these fabrics for delivery later
in the year, chiefly because Of the un-
certainties over the future price OF
raw cotton.
One of the leading commission
houses sold some quantities of outing
hanncls that had been made up for the
Red Cross Society, thus disposing of
their last holdings of war supplies.
Discounts were reduced on both
light weight and heavy army duck, the
revision being equivalent to an ad-
vance Of per cent in prices. 1t was
stated that light and medium weight
ducks were in good demand, the light
fabric being bought by manufacturers
of canvas shoes. According to some OF
the mill agents, burdensome stocks Of
heavyweight duck that resulted from
the cancellations of war orders have
all been disposed of.
Gray or unbleached goods were ir
active demand, buying having been in.
creased by the relatively unfavorable
report put out by the government or
the condition of this years cottor
crop. Print cloths advanced u to 4
cent a yard, 64X6Os having been sole
for 171l cents, while 6Sx72s brought
20'2 cents and 60x4Ss 14a4 cents.
New-York tribune., 1919-07-02
Offices of Lilly
Brokerage Concern
Railed by Swami
ankruptcyProceedingsAlso
Taken Against the Firm;
One Complainant Says
He Paid In s2OO,OOO

Complaints against the brokerage
firm Of J. Frank Lily & Co., members
of the Consolidated Exchange, made to
the District Attorneys Office, moved
Mr. Swami yesterday to contiscate the
books and papers of the concern.
Alexander l. Rorke, Assistant Dis
trict Attorney, and Detectives Cunniff
and German led a force Of police to
the companys office at SO Broadway.
SO large a crowd gathered in the street
about the patrol wagons that reserves
from the Greenwich Street and Old
Slip stations had to be called.
Following the raid Archibald Palmer.
an attorney, of 800 Broadway, filed an
involuntary petition in bankruptcy
against ]. Frank Lilly e. Co. and
Lilly, individually and as copartners
in the concern The creditors and their
claims are John f. Sostman, $3.50;
David Kramer, S700, and William G..
Martin, $500. The liabilities and as
sets are not given.
Mr. Lilly, Mr.. Rorke said, has not
been at his Offices since Friday. One
of his partners, i. Kent Schrciner, has
been absent for two weeks. HIS prop
erty was attached Saturday because Of
claims against him, amounting to $50
VA - |, lnc Assistant DlSlIlCt AlIol ic!
said Mr.. Rorke also said he had been
informed that the firm has 5000 open
accounts and that its transactions
amount to about 10000 shares daily.
from which profits on commissions alone
are $500 In two strong boxes taken
from the Columbia Trust Company Mr.
Rorllc says he found 100000 worth of
securities and $4,000 worth of bonds.
The firm has been in business for
two years Lilly is graduate of the
University of Missouri, was at one
time member of the Oklahoma Lcgis-
laturc and superintendent of schools
in that state and later was professor
, of psychology at the University of
Chicago.
Martin Lally, who lives at the Grand
Hotel, is the largest complainant
against the firm. He and his family
paid, he claims. $2OO,0O0-of which
Sl0O, ,OCO was in cash
New-York tribune., 1919-07-02
Rubber
Mid Yearly Inventories
Hold Back Trade in
Druggists SundrieS

Domestic trade in druggists rubber
sundries is light, the mid-yearly in
ventories, according to the leading
manufacturers, being responsible for
the small volume Of orders. Export
trade in these goods is said to be OF
considerable dimensions, the outward
movement being facilitated by the i'm
provement that has taken place since
March in shipping facilities. The
SPANS speaking countries are reputed
to be the best customers, but Australia
also is credited with being a good
buyer. Fair shipments are being made
to South Africa.
Owing to the low price of crude rub
Der trade in scrap material is light
Manufacturers who use the so-called
reclaimed stock assert that while they
could work up quantities of scrap stuff
present prices relative to the cost OF
the virgin rubber are too high to in
duce them to place large orders. Con
fronted by pauclty of demand the re
Chalmers are endeavoring to buy ole
stock on a lower basis.
New-York tribune., 1919-07-02
Jewelry
Foreign Buyers Continue
Actiue in Local .Je1u-
elry Market

Foreign buyers of jewelry are said
to be active in the New York market.
A big buyer from Barcelona, Spain,
was busy in the Maiden Lane district
yesterday. Scandinavia, England and
South America continue to be good
purchasers. Jewellers say the volume
of business is wonderful and collec-
tions excellent
Every country of Europe is said to
be buying jewelry in this country
American styles, many of which are
based upon the French patterns, are
popular abroad, and prices here are
said to be much lower than in foreign
countries. The people Of Europe, es-
pecially those of the neutral countries,
are highly prosperous, it is assorted,
and are purchasing more jewclry than
ever before. White diamonds are in
great demand. In some parts of Europe
there are plenty Of the yellow stones.
but the white stones are extremely
scarce.
New-York tribune., 1919-07-02
incorporate ms

s25.o 900; snlthtown; Milton Mayer Good
nan nan 81 Block and Elsie c. Rohman, 1O7a
East Thirty fifth Street. New York city
Ohio Millinery Corporation. 81 900
Manhattan' Louis Hirsh, Lawrence Kahn
York
=, Iryington Hall Company, Inc. $1,000;
Manh4t'ani real Gstate; j. A Tyler r.
Street, brooklyn.
Learuc Garment Company. Inc, $40.
600, Manhattan, manufacture and deal in
ladies' wearing apparel; II. IT, I.icvow
II l.. ,uria, J. Lebow, 1172 Hoe Avenue
New York.
seabord Rice Company, Inc. $4,000;
Manhattan; G. Forrest Butterworth. Mer-
rill NJ Manning, Water S. Davis 100 Huo-
son street, New York.
The Skeleton Company, Inc. $4,000
Manhattan, business of theatrical proprie-
tors, etc. NJ. Klein. H. T. Diamond, Ale,
Werner, so West l19th Street. New York
Herbert f Gray K Co. Inc $50 600
Manhattan; lnanufacture and deal in food
genera "; Herbert e. Gray. A. l.. Full
man, Emily Miami 105 Hudson Street
New York.
New-York tribune., 1919-07-02
Hoover Quits as
Head of Federal
Grain Corporation
1919 Wheat Crop Will Be
Handled on Capital of
S5OO.OOO.OOO Under Di-
rection of Julius Barnes

Resignation of Herbert Hoover as
chairman of the board of directors of
the Food Administration Grain Cor
poration and reorganization of the
corporation under the name United
States Grain Corporation, it was an
nounced yesterday at the annual
meeting hero Of stockholders.
Mr.. Hoover's place as chairman viii
be flied by julius Barnes, wheat di-
rector, who also is president Of the
corporation. 1t was stated that Mr.
Hoover would continue as director.
but that his resignation of the chair
manship marked the first step toward
his retirement from public life Mr..
Hoover is expected to return to the
United States in about two months
upon completion of the European relief
work and the fruiton Of the European
harvest.
Other Changes in Personnel
Other changes in the personnel Of
the corporation were announced as
follows:
Frank G. Crowell. of Kansas City,
resigned as first vice president, and
was succeeded by Edwin p. Shattuck,
OF New York, general counsel of the
corporation since its inception.
Gates w. McGarrah, Of New York, re
signed as treasurer, and was succeeded
by Edward NJ. Flesh, Of st. Louis, who
has been directing the corporations s
London office.
R. A. Levin, second vice president, in
charge OF the San Francisco office, re-
cI l., 60
mer assistant, W. A. Starr
Watson S. Moore. Of Duluth, was
elected second vice-president, and
will continue in New York as di-
rector. a. w. Frick, of Duluth, for
merly assistant secretary, was elected
secretary.
Corporaton's Financial Showing
1t was announced that the corpora
tons capital for handling the 1913
wheat crop would be $500 900, 600. Mr.
Barnes reported to the stockholders
that dulng the months of its exist
ence the corporation had disbursed SO,
3O0,0' . 9oe ;1.d collected an equal
amount. selling for overseas shipments
commodities valued at 81 800 ,000 ,00u a.
an operating expense of S3, 80 900, ,r
one-siXth of 1 FER cent.
Tho stockholders authorized the
carrying forward as earned surplus
the equivalent OF per cent on capital
of Sl0,191 ,666 supplied by the United
States and earnings OF 50 ,0O0,0 which
represents onc-half Of 1 per cent on
81 100000, 900 worth of commodities
handled a total fund returned by
mills as refund of excess profits over
regulated amounts of the 19l7-191s
crop year, amounting to S4.571, ,654
also was carried into earned surplus
making a total carried forward to net
surplus of SOB, 1853
New-York tribune., 1919-07-02
Fur Dressing and Dyeing
Plants Swamped With Orders

Fur dyers and dresscrs say they
have more business than they can
handle at present. The unprecedented
demand for furs has filled the dyeing
and dressing plants with more orders
than usual and the existing labor sup
ply s inadequate 70 cope with the sit
uation. The adjustment IF the recent
labor trouble in the industry has led
70 higher wages and consequently high
or price scales for dyeing and dress
ing, but this has not retarded bust
ness. Some dressers and dycrs arc said
70 be paying more than the established
wage scale in the industry in an cf-
}ort ~ obtain more workers.
New-York tribune., 1919-07-02
Leather
Hide and Leather Men
Protest Higher Rates
From Riuer Plate


Protest has just been made to the
United States Shipping Board by a
committee representing the leather
trades against the recent increase in
freight rates from River Plate ports to
New York. The committee is composed
Of members of the Tanners Council of
the United States and the National As
socIatlon Of Importers of Hides and
Skins.
The new rates on hides and leather
are declared to constitute an injustice
freight increases, and to have been es-
tabhshcd in the sole interest of the
shipping companies. 1t is asserted that
these higher transportation charges
arc bound to result in higher prices
next fall for shoes and other leather
articles. The Shipping Board is asked
to reduce the freight tariffs.
New-York tribune., 1919-07-02
No Duets for This Pair.


In discussing the prosperity of the
crop growing regions Of the West a
member of one Of the leading cotton
goods commission concerns Who has
just returned from tour Of the states
of Kansas, Illinois, Missouri and Iowa
yesterday told TINS story of q Kansas
farmer 1t seems that the farmer visit
ed a large department store in Kansas
City in the company Of his two
daughters, for the purpose of buying a
piano for one of the young women. Al
ter purchasing the piano the husband
man noticed the other daughter was
pouting, and upon taking her to task
he was informed that she had helped
just as much with the crops as had
her sister. Thercupon the indulgcnt
farmer said to the salesman: ooh, we'll,
make it two pianos"
New-York tribune., 1919-07-02
Metals
Copper Sho,cs Furthe,
Aduance on Fair 'ol-
ume OF Purchases

Leading producing and selling agen-
cies are quoting copper for delivery this
month at 1879. to ~ cents a pound.
These prices represent about half a
cent advance over closing quotations
last week. August delivery is quoted
at 1914 cents None of the large deal
crs is quoting the metal for September
delivery.
Although no large transactions are
reported Mt the prices quoted, dealers
say = fair amount Of buying Of n gen
eral character is under way, many
manufacturing concerns finding it nee
cssary to rcplcnish their stocks Of cop
per TO FIJI current orders for their
pro .uCts.
New-York tribune., 1919-07-02
Business Money

A fair amount of business was done
IN commercial paper In the local mar
ket yesterday at 5 Il per cent for the
general run of bills. Borrowing was on
the same restricted scale as for the past
few weeks owing to the fact that most
concerns are operating on q hand to
mouth basis and are keeping their
credit lines comparatively low. The
genera feeling among borrowers seems
to be that funds can be obtained later
on more favorable rates than at the
lAomcnt because the whole money mar
ket is tight owing to the heavy mid
year corporate demands. Also this is a
time of year when many concerns are
taking stock, which naturally interferes
with the normal flow of business and
tends to keep borrowing down.
Interest in the commercial money
New-York tribune., 1919-07-02

market converged upon the novel bit
of financing that has been arranged by
country wide syndicate of accept
ance houses to provide funds to carry
the California fruit crop f prunes.
apricots, raisins, etc, until they are
marketed. Arrangements have been
made for an acceptance credit aggre-
eating 20,000,000 altogether, and the
first instalment of the credit. the bills
for which have already been drawn,
will amount to S5,OO0.00O This is the
first financing of this character that
has been arranged for the Western
fruit growers, and it is believed that
if this proves the success that is ex-
pected it will be followed in the future
by other similar credit operations. The
credit just arranged has been under
negotiation for several weeks
New-York tribune., 1919-07-02

get in touch with American firms that
are able to make deliveries without
too much delay. Accooding to Consul
General Letcher stocks of these ma
terials in Norway at the first of this
year were negligible. The Consul
General suggests that American films
contemplating business with Norway
should either open branch Office in
Chrstana or appoint Norwegian
firm to act as agent.
New-York tribune., 1919-07-02
81 100000 Fireproof Cotton
u arehouse for Dallas. Tex

DALLAS, Tex, July 1.-An initial
contract for erecting a cotton ware
house to cost S2,000O00 has just been
awarded here by the Dallas Cotton
Warehouse Company. The first unit
will be four story reinforced con-
crete ireproof structure, 50xl30 feet,
with storage capacity Of approx
mately 60000 bales of cotton. and VIII
cost $7O0,0O0. With the other units
added, the total storage capacity will
be brought up to about 100000 bales.
New-York tribune., 1919-07-02
Paris Market Dull

PARIS. July 1.-Trading was dull on
The bour,c to-day. Three per cent
rentcs, 81 francs 25 ccntines for cash.
TzcaanYc On London. 29 francs II cen
tjmrs. FIVE per cent loan, 50 francs
ez cent.mes. The dollar ranged from 6
francs 45iz cvntimcs to 6 francs 49H
centirnrs
New-York tribune., 1919-07-02
Cotton Mill Dividends
business Nc,Us Bureau

Special Correspondence
Statistics Just compiled show that
for the second quarter of the present
year New Bedford mills, capitalized at
S45 900 900. paid 81 10000 in dividends,
or an average rate of 2.49 per cent
or about the same as that paid in the
first quarter. In Fall River $4,000
will have been paid for the three
months ended June so On capital stock
totalling S33,100 900, making rate of
232 per cent. against 1928 per cent for
January, February and March.
New-York tribune., 1919-07-02
Mexico Reyives Cochineal Dive
Business Netcs Buroa,t
Speci0l COrresnnnGence

Spec701 Correspondence
MONTEREY. Mexico, July 1.-During
the recent period Of scarcity of aniline
dyes in Mexico there was a general
return to the use of cochineal for col
oring cloth and other materials.
The revival of the cochneal industry
is regarded as only temporary, bat it
recalls the fact that in former times
it was the source of large revenues to
those who were employed in the bust
ness of collecting the cochneal insects
and converting them into dyes
New-York tribune., 1919-07-02
Trade Notes

Many concerns in the wholesale cot
ton goods district have signitied their
intention to close their salesrooms
every Saturday during the months of
July and August, and additions are
being made to the list almost daily.
Norwegian dealers in construction
materials, hardware, electrical goods
and machinery are said to be eager to
New-York tribune., 1919-07-02
English Mills Threaten Lockout

MANCHESTER, England, July l.
The cotton employers of North Lam
cashlre, have decided upon a general
lockout, commencing tomorrow, unless
the striking operatives return to work.
New-York tribune., 1919-07-02
Discharge in Bankruptcy

Judge Augustus ~ Hand in the United
states District Court yesterday granted
discharge in bankruptcy to Samuel
Houston Street.
New-York tribune., 1919-07-02
Business Troubles
Petition in Bankruptcy

FRANK ROCCO-A voluntary petition
filed yesterday BY Frank Rocco, con-
tractor, 2l5 East seventy-ninth street.
gives liabilities Of s5.s0e and no assets.
Principal claims are; Jacob RUPERT, Inc.
3337, E Zimmerman & Co. S279 Stein
hardt Brothers & Co, S1.468. Samuel ?.
Jacktoff, 500 Broadway, is the attorney.