davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-30
Lower Grades of
Wool Doing Better
Larger Quantities Being Used,
Owing to Scarcity of
Fine Fleeces

From a survey of the wool markets
of the country the Liberty National
Bank, in q bulletin just issued, draws
the conclusion that sit would seem
probable that fine wool prices will in
the course of the next six months re
main steady or decline, while low and
medium grades may be expected to
rise"
England controls the supply of fine
wools from Australia and New Zen-
land, for which there has been q great
er demand than for our domestic woods
and other stock of medium and lower
grade, according to the bulletin, which
says:
"The British government has been
averse to selling any wool to the
United States or allowing us to enter
the Australian market for the reason
that the English wool supply has not
yet been satisfied. It is believed, how
ever, that it is rapidly reaching poin.
of saturation and that sooner or later
they may relinquish their hold on this
supply of wool and allow the United
States to enter those markets and buv
under restrictions.
"1f the demand continues for the
fine woods and the supply remains re-
stricted the manufacturers will face
the alternative of using the lower
grades of wool. This tendency is nov,
being noted in the purchase of the
lower grades. and the present United
States wool clip, which is estimate l
to be about normal, is being bought at
very high prices. Also, manufacturers
who have investigated conditions in
Europe expect rather large demand
from these countries.
"Under the circumstances, then, it
seems probable that the manufac. .urers
will not go much, if any, higher, for
the fine wools, and the net result will
be that the fine wool prices will re-
main firm or decline, while the medium
and 'coarser wool prices will rise in the
course Of the next six months"
If ship and credits can be provided
1T is suggested that low and medium
grade wools and woollen clothing can
be exported in increasing amounts.
The opinion Of textile men who have
investigated European conditions, the
bulletin adds, is that large amount
of American goods will be needeu.
New-York tribune., 1919-07-30

Charges made in the financial dis
trict yesterday that the banks are and
have for weeks been neglecting the
commercial paper market because Of
the higher interest rates obtainablo
on collateral call loans focused atten-
tion on a situation that has been grow
ing more serious as the stock market
has made larger and larger inroads
upon the credit supply. They we're all
the more interesting in view of the
meeting Of the Federal Reserve Board
at Washington, at which, according to
Wall Street report, the question of
curtailing stock market loans came up
for discussion.
The fact is that the local banks have
not been active buyers of commercial
paper for long time. While some Of
the trust companies and banks have
been moderate buyers at times, the in
terror banks have been the largest
purchasers of commercial bills, and the
demand from this quarter has kept the
market going. The reason why the
local banks have not bought CONNER
cial paper on an active scale has been
due largely to the fact that the will
ingness Of stock brokers to pay high
rates for accommodation on call has
offered lending institutions an oppor-
New-York tribune., 1919-07-30
Retailers Plunge
In Buying Fall
Wearing Apparel
Large Orders Placed to In
sure Against Shortages
and Higher Prices-Fre-
quent Visits Hurt Resi-
dent Buyers

According to many manufacturers
and few buyers, large number Of
retailers in the women's wearing ap-
parel field are "plunging" in making
their purchases for fall. Several man
ufacturers said that yesterdays busi-
ness was phenomenal and that most Of
the buyers were not taking only their
normal requirements, but also were
ordering extra amounts. stating that
they wanted to protect themselves
against advancing prices and the pos
sibility of a market shortage later in
the season.
Buyers who have been in the market
for week or more, and many buyers
declare that the present market con-
dltions necessitate a longer stay in
New York than ever before, have
ceased to complain of high prices. They
say they are shocked at the values
placed on the merchandise when they
first come to the market, but visits
to the showrooms of half dozen man.
ufacturers convince them that high
prices rule everywhere
Most manufacturers advise their Gus
toners to place large orders now.
Onle few Of the garment producers
are willing to venture an opinion that
it might be wiser for the retailer to
order conservatively now and visit the
market again for future requirements.
Some of the retailer representatives
who visit the market only semi-an-
nually and depend on recorders open
orders or their resident buying offices
for the remainder of their stocks are
thus almost forced by the manufact-
urer's arguments to order their full
seasons requirements now.
1t was suggested yesterday by man
connected with the retail trade that
because retailers were sending more
buyers to the market and sending them
more frequently on account of the
present situation, resident buyers. who
formerly purchased perhaps two-thirds
of the retailers stocks, had lost much
OF their incentive to Civ the retailers
first class service. ut is only natu-
ral," he said, "for resident buyer to
slump in his service to q store that
sends its buyers to the market fire.
quenty. He concludes that the visit
ing buyer can take care of the retail
ers wants and so turns his attention
to those accounts who are depending
on him for the bulk of their pur-
chases."
New-York tribune., 1919-07-30
Rubber
Prices Aduance as Buyiing
Increases; Pneumatic
Tire Trade Dull

Prices for plantation crude rubber
yesterday moved upward owing to in
creased buying by manufacture of the
finished product, which movement was
supplemented by more robust inter
trading among the local dealer. First
latex for prompt shipment sold for az
cents. pound, ribbed smoked sheets
at Al cents, and brown crepe at SIX
cents, these figures rejecting advances
or one-half to one cent a pound over
the preceding levels.
Demand on the manufacturers for
mechanical goods is only fair, pre-
sumably because large outdoor CON
sstruction projects have not made much
headway as yet.
Trade in solid tires for comm ...cial
trucks is brisk, the broadening activity
IN industry generally having increased
hauling operations. Dealers in pneu-
matte tires for use on pleasure cars
complain that business is light. while
stocks are relatively heavy. July
usually is one Of the best months in
the year for trade in pneumatic tires.
but transactions during the month. now
virtually at its end, were disappointing.
1t is said that the business of the
individual dealer has been considerable
split up by the increased numbers Of
persons who have embarked in the sell
ing Of tires.
New-York tribune., 1919-07-30
Leather
HeaUy Leather Purchases
by Germans Not
AnticipatetI

Reports that Germany was about to
purchase large quantities of shoes and
leather in this country did not have
great deal of effect yesterday in the
local market; While recognizing the
positive need of leather goods of all
kinds in Germany. exporters took the
view that owing to the greatly depre-
ciated value of the mark, the Germans
would not be able to purchase in large
enough quantities to influence greatly
the domestic market.
When one considers" said one
dealer, chat in addition to the high
prices being asked for leather to-day,
German dealers, in order to buy here
must pay Is per cent premium, it can
be seen that such prohibitive prices
will will limit ;n purchases: Germany cannot
system of credits is arranged where
by payments may be made"
Another cent advance in sole leather
was reported yesterday. Hemlock sole
overweights No. went up to So cents
a pound and mddleweights No. were
quoted at 60 cents pound Demands
continued strong
New-York tribune., 1919-07-30
Colors
Colors
S,ceden Makes Inquiry
Here for Fast Dyes:
S,Uiss COLOrs Scarcer

Several dye merchants have received
orders for fast colors from Sweden
this week. Buying from that quarter
is regarded in the trade as an in
tcresting development, since Sweden
is said to have every facility for pro-
dves and aiTv dTv coors ra''e.S Pnrcbases in the
American market, some dealers sug-
gested, would possibly indicate some
dissatisfaction with German products.
Among domestic buyers the hand
tc-mouth policy of buying continued.
There appears to be keen competition
among sellers and hesitancy on the
part of consumers.
The export business to South Amer
ica and japan continues regular, al
though merchants are annoyed by the
freight situation and the difficulty in
securing rapid ocean transportation
Swiss colors are becoming scarcer
every day, and importers who have
stocks are we'll sold up.
New-York tribune., 1919-07-30
Petitions in Bankruptcy

Petitions in bankruptcy filed yesterday In
tho United States District Court were
follows:
EUGENE ]. sHEA--A voluntary petition
by Eugene ]. Shea, hotel manager, sc sixth
Avenue and 1852 Franklin Avenue. Bronx.
shows liabilities 81 sls9l7 and assets Of
Transportation Company, s166; Frank
Cordts Furniture Company s2bs; John J.
tee OF the estate of Robert NJ. Walduck.
deceased sl2250. I.ockhart. Callahan &
Matteo. 81 Chambers Street, are the attor-
neys.
CLINTON PLACE HOTEL COMPANY.
INCA voluntary petition by the Clinton
Place Hotel Company. Inc. operating a
hotel with restaurant and cafe. So Sixth
Avenue. shows liabilities OF sl37os and
o'Neii. $500. Unsecured claims Park &
haps raq5a p.1Sivs s. s,42 achns1 nsaha
han & Matteo, 81 Chambers Street, are the
attorneys.
JOSEPH I.EBRE-A voluntary petition
and also known as Giuseppe Lepore. and
also known Giuseppe Lebre, 3l5 West
Sixty fourth Street. shows liabilities Of
Arcangelo Cotrone. sl.44s Vito Coscto.
Brown: a75 Fulton Street Brooklyn. n y.
is the attorney.
Schedules In Bankruptcy
Schedules in bankruptcy hled yesterday
in the United States District Court were
BELLOS & kATZ-Schedules OF Pcuos
Katz. ladies' dresses. 1s1st Street and
Union Avenue, show liza abilities of $4O.0el
and assets OF $3.50. Principal claims are
Seville g. Jones, $3.50 Weiser & Rufrwarg
N.s55; wouri q Bank. $500. Morris
Weiss, 8 Bcekman Street. Is the attorney.
HENRY sTAIER--schcdulee of Henry
staicr. stock broker. 6s Broadway, show
liabilities OF sSb.6t6 and assets OF &73.bSs
Secured claims. David g. Harnden. s.. 900
Irving National Bank. $4,000. Unsecured
claims. Moysc & Holmes. $500; Franci.
Draz. $500: u. O. Everhardt. S<.546; Jo-
scph Oillgan. t2,a6a. j. A. Bradburg
S5,2o7: julius c. staier. 3s.357. Reiss
/ Rciss. as Nassau Street are tho attorneys.
New-York tribune., 1919-07-30
Exporters Urge
Adoption of Edge
Plan to Aid Trade
Manufacturers Export Asso.
citation Says We Must
Come to Europe Rescue
or Lose Best customer

Prompt adoption of some plan to
finance European industries along the
lines provided in the foreign finance
corporation bill, sponsored by Senator
Edge, Is urged by George Edward
Smith, president Of the American Man.
uiacturers' Export Association. The
need for financing the industries, Mr.
Smith states in a letter to Senator
Edgc, is self-evident and the only
question to be decided is the wisest
and sanest method by which this can
Be accomplished.
'f Europe's Industries languish for
lack of financing" Mr.. Smith writes,
~we as a nation will lose our best Gus
TONER and, what is worse, we shall wit
ness a period Of unrest and disorder
more serious than the world. has ever
known"
Calls for Haste
While the manufacturer is convinced
OF the necessity of plan of financing
such as has been discussed by lead
ing bankers, he is not, Mr. Smith says,
in a position to pass Oh the details.
His word to the bankers and legisla-
tors alike is hurry"
Manufacturers exporting to Europe" "
Mr. Smith continues, "are discover
ing that there are immediate needs
which they are supplying to those who
now have funds and are able to find
Others who can buy from them at a
profit The manufacturer realizes,
however, that the cream is being
rapidly skinned and that behind the
present flood of orders the-e is no
substantial ability to keep on buying
"The critical period is at hand
when the artificial postwar stimulus
will cease and Europe will stop buy
ing even necessities
THE need, therefore, is urgent for
immediate action by Congress and by
bankers to tide over this critical period
until Europe can get going once more
There is need for as great and as
liberal education on the proposed is
sues of the new corporation as there
was for the Liberty and Victory
loans This is not the affair of the
banker alone or the exporter alone,
but of the entire American public
The workman as we'll as the employer
must safeguard MS future- he can
make goods to sell to a Europe which
won't buy because it can't buy. The
business man will take these issues
because he knows how vital it is to
his business The .Torkman viii buy
because he has learned the saving
value of bond nvestm ents"
What Business Men Want
Three things asked by the business
0f 4
the bankers, Mr. Smith states in con-
clusion, are:
Foreign securities must be bought
intelligently by central agency rep
resenting the credit resources of the
country, in order that European indus
tries may be encouraged.
Investments must have the protec-
tion Of our own government and of
the foreign government where the
money is to be used.
"The plan must be put under way
at once"
New-York tribune., 1919-07-30
interpretations

ALBANY. July 29.-The following char
ters were granted to-day by the Secretary
of state:
Jennie waldman Estate. Inc. realty.
$1,000; Manhattan: Lena Blumberg. Jacob
Canto, Charles Kantcr. 80 Bay Twenty
sixth Street. Brooklyn.
900; Manhattan; Sam w Steel. Jack Smith, j.,
Ray Ladenberg. Norfolk, Va.
Manhattan; ~ L, nana Brennan n "' IL ssSp"p Cooper
George l.. llubbeil, jr 43 Exchange Place,
New York
Curley Properties, Inc. 100000: Man
haitian; Terence +. Curey James r. Cur
ley, r: NJ. Curley, 81 Eighteenth Avenue,
Brooklyn.
Inc, $4,000; Manhattan: Carl Wilkcning.
F. w. Wlkcnng, Jacob Zoler. l5Y West
Eighty fourth street, New York
P!unket Cigar Company, Inc, $4,000:
Manhattan; J. ID. Plunket. c. T. Plunket,
l.. r. Ryan. New Rochelle. n. Y.
suhsis, Beygrage Preps~ason
York
900; Manhattan Henry MandeIbaum H.
Fensterheim. Sam Fingerhut. 90 Cannon
Street. New York.
apparel. $4,000 Manhattan Harry Field
man. Harry Shows. Harry Kabinowitz,
GIG East Firth street, New York
$4,000, Manhattan, Asram Adler Emilien
Adler, Joseph Ncmelov, 14S2 Broadway.
New York.
Walks 4 Koblenz. Inc. skins and furs,
5000. Manhattan, Joseph Walks Jacob
Koblcnz. Henry r. Willie, 225 Fifth Az
enuc. New York
Buffalo, William Wolff. Ernest Wolff
Lena Wolff, ll5 Courtland Street. Buffalo.
The Manitou Construction Company
s25, 900; Poug ghlSeepsie; Jacob Pick, Rose
s;tein6erg. st, Abraham steinberg, Poughkcep-
Sinclair Consolidated OIL CONFORMATION
$1,000, 600; 100000 shares common. E.
Millbrook. ID. L. Ioober. c. A Lockard,
York. A''A"" way NE"
Gibbons & Stone. Inc. 100000. Roches-
ter musical nstruments; a. J. Gibbons,
Rochester. n. Y.
Mcsserveys. Inc. 10000: Buffalo met
ais Elton Webster. r. Gass and Frank II.
Alt. -621 Tonawanda Street, Buffalo n Y
concourse Speciality Shop. $4,000;
Hronx' wearing apparel; Harry Pelzer.
phss phs, Hsnrn Hoffman 1.a and & Harry Hoffman. l25
lyn: realty; Fred r. Hollister, Louis n
Fickeisen and Gladys S. Branch, 1898
Prospect Place. Brooklyn.
Reliance Battery Repair Co. 81 1000;
Brooklyn; n. j. Bachhens. T. Krcss and
Margaret kress. 237 Central Avenue
The Path Street Amusement. Co. Inc
10000; Brooklyn: Max Barr. Adolph Barr
and and Emanuel D. Motta. 2l5 Montague
Essential Sales Co. Inc. 50, 1000: Brook
lyn; vacuum cleaners: |. NJ. Wapncr. Hor-
Hce a. Ph'nney and John D Kelly s45
Htrgcn Avenue. Jersey city, N. J.
$. Pollen &: Co. Inc. $40 900: Brooklyn
fruits vegetables: simon Rappaport. Gus
thV =. Rappaport and Louis Rappaport
1853 Eastern Parkway. Brooklyn.
julio II. Mendcz CO.. Inc. 1000; Man
nattan; tools and machinery: Arthur J.
wood. Riverside Pom.
stand Garage Equipment Co. Inc. $50.
voo, Hrookyn; Louis r. Anderson. Frank
|. Rhmetta and SalNator j. Ramctta l65
Startling Place. Brooklyn.
Vanltie Dress Co.. Inc. $4,000: Mammal,
mn sam" Bnrth. n. Barth and Jacot
opp"nh"ltn. 227 West lciRhty-third Street
New York city.
tillcrcs' Painting "nd Decorating Cor.
r'ia.'"n, 1000; Brook iNn. Jacob Carner
Harry Shmnnowitx and Louis Shimsno.
witz. 1900 Pitkin Avenue Brooklyn.
New-York tribune., 1919-07-30
The News of Business
Garment Firm Advises
Customers Not to OUerbuy
Retailers Will Find 1t to Their Advantage, Dealer
Says, to Return to Market for Additional Sup
plies Later i'm the Season

GEVERAL reasons were advanced yes
~ terday by Edward Potosky. general
manager for Jacob Sperber, one of the
largest women's apparel wholesalers in
the country, why it is advisable for re-
tailers to purchase only sufficient stocks
OF womens garments now for their
early season needs and to return to
the market again in a month or six
weeks for additional supplies. The
customers of the firm have been given
this advice.
"The retailer who overbuys now,"
said Mr.. Potosky, "is doing little more
than speculating and in addition to this
is making conditions harder for him.
self and for the manufacturer. If all
the merchandise ordered by the retail
ers were delivered it would spell ruin
for many of them. 1t must be remem-
bered that the ardor of the retailer
who overbuys always cools when the
goods come into his store. The large
amount impresses him favorably and
he begins to cancel orders and return
the merchandise. This causes an over
loaded wholesale market with all it's
New-York tribune., 1919-07-30

evils for both the manufacturer and
retailer. But there 10 slight chance
that all the goods ordered will be de-
livered because of the underproduction
this year The buyer, then, who orders
more than he expects to get is only
fooling himself.
"Abnormally large orders placed with
manufacturers now will cause a great
attempt to speed up the industry and
competition among manufacturers for
cloth and labor. This only adds to the
cost of merchandise.
"Another thing that the buyer should
not forget is the fact that styles will
be more desirable later on. I don't
mean to depreciate present styles, for
they are good, better than for several
years, but these styles are designed
for the early fall trade. Take serge
suits for instance. They will be all
right on the retailers racks from
August to the latter part of Septem-
ber, but in October the average woman
wants something heavier for the com
ing cold months. 1t is the nature Of
the apparel industry to progress not
only from season to season, but within
the seasons themselves"
New-York tribune., 1919-07-30
Government Auction of
Surplus Textiles Opens To-day

Four million dollars worth of surplus
textiles, now in possession of the
United States Army, will be sold at
public auction here to-day at the Man
haitian Opera House. The sale will
begin at 10:30 a. m. and will continue
until the entire stock is sold. A de-
posit of $500 will be required before
participation in the bidding.
The stocks include. 1,276,2o4 yards
bobbinette, 1,592,541 yards cheesecloth,
S64,317 yards cotton cloth, 1,347,259
yards drill, 1,890,101 yards duck, 14O,-
857 yards galatea, 1880 yards black
Italian, 509,2O8 yards jeans, 76,425
yards raincoat lining, $500 yards
moleskin, s23,567 yards osnaburg, 7O9,-
sateen, 1,918,691 yards sheeting, 2,OOO,-
900 yards Silesia, 1852 yards shirting,
1902 yards ticking, 412,5O5 yards twill
and sos yards Venetian.
New-York tribune., 1919-07-30

No trouble was experienced before and
a careful analysis failed to reveal the
cause of the difficulty. The dye was
said to shade the goods unevenly and
it's customers. The dyed goods have
been sent to the New York office of
the mill and are being sold cas- is"
Goods ready for dyeing have been sent
to another mill for the coloring oper-
alton.
Several other mill agents report dye
troubles within the last few weeks
and say that the color situation is old
ing up production and delaying de-
liveries which already are about two
months behindhand on the average
New-York tribune., 1919-07-30
PiersOn Says Only
Loans to Europe Can
Maintain Prosperity

DENVER, July 29.-Lewis E. Pierson,
chairman of the board of directors of
the Irving National Bank of New York,
speaking to-day before the Denver Civic
and Commercial Association, raised the
question of the genuineness of current
prosperity, declaring that many peo-
pie are coming to realization that
I'VE are still running along on the
high level of war, level of war prices,
war imitation, war enthusiasm, and even
war Vecklessness and extravaganza
"If we take time to give the m latter
any thought he said, eve are apt to
try and make ourselves believe that
this prospe rity is genuine, the con
tinuing kind; that our pessimistic con-
dition following the armistice was
simply a shadow of the terrors of
war, and that now, being convinced of
this fact, we are all glad to settle down
TO nice. comfortable, continuing good
things
Need for Foreign Outlets
If our commercial and industrial ac-
tivity is to be kept up, Mr. Pierson de-
clared foreign outlets for American
products must not be destroyed by the
creation of prohibitive conditions such
as are indicated in foreign exchange
tendencies of the present time.
This country, according to the speak
er, has an abundance of all the ma
terial things the rest of the world
needs most and he insisted there should
be no delay in coordinating these re-
sources with the aid and sanction of
the government, 80 they can be made
available to other nations on fair and
liberal terms.
I'VE need" he said, "full realization
Of these things and method and an
organization-necess on a national
scale-for mobilizing the credit grant
ing resources Of the country and apply
ing them inteligently to the task OF
financing our sales of indispensable
little money and, for the moment no
goods to give in exchange. To create
such an organization is easily within
me power and the compass of the bank
ing and business community. The
establishing and safeguarding Of the
necessary credits present no insuper-
able difficulties"
NJ Government Action
Mr.. Pierson stated that business mer
and bankers could not properly launch
national or rather world plan, such
as the present situation clearly de
mandg, without some assurance con.
cerning the attitude Of the govern
rnent, and az yet the government hal
not acted.
"Cnless we make it possible for oul
friends over yonder TO buy from u.
without crippling themselves, we al
veil as they WILL suffer" was predic
ton made by the banker.
Our export sales" he added. will
decrease, our present high power O
production will diminish, our capacit,
20 provide employment for our million
will be impaired and perhaps. wors
Of all, we will have failed to justif,
the worlds entirely reasonable ex
pcctation Of u.s."
New-York tribune., 1919-07-30
Expect Higher Lead Prices

Another advance in the price OF lead.
which is quoted at present at six cents
= pound, an increase Of one-quarter Of
= cent in the last week. was predicted
in the trade yesterday. Production Of
lead at the present Is said 10 be less
than consumption, the low prices Of
several months ago having caused con-
siderable curtailmen$ among the West-
ern producers. Output will no. pick up, II
" stated, until prices have gone some
what higher, since costs Of production
continue At around the high level. Of
the war period.
Business in cooper metal is stil on
duicter seam. and quotations we're
unchanged ycszSr1.y.
New-York tribune., 1919-07-30
Underwear Style Show Tonight

New styles and designs in womens
underwear will be shown on living
models at corset and underwear
minal Sales Building tonight and to-
morrow night. The show, which will
include neglgees. corsets, lingerie and
brassieres, will be the first of series
which will be held semi-annually, &C
cording to present plans, under the
auspices of the Interna tional Buyers
Club.
The exhibition is for the trade only
and admission will be by ticket upon
application to c. T. Hoskins, secretary
of the club.