davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-11

cent in the class of notes now bear
ing 5A and 51z per cent. 1t is be-
ileved, however, that per cent will
be rock-bottom level for six or
elght months to come, because con-
tlnued government borrowing at Az
per cent will automatically make that
rate minimum.
AS to the actual financial position
OF the banks, the period just begin
ming will sec the gradual paying off
OF the enormous volume of certificates
OF Indebtedness now held by them
The deposits withdrawn by customers
Will be returned to the banks by the
government; and if used by the govern
ment Tor making payments, will be
mainly returned to the banks by the
persons to whom payments are made
But the repayment of certificates will
be q long and slow process. New
certificates of Indebtedness will be is
sued, but they will doubtless not be
so large In amount.
Ihere has been no change in the
supply of paper coming out, even
though rates have been lower. What
has been holding business borrowing
back is the fact that business does
not need the money, and is not in
terested in the rental terms of it.
Trade is good; failures are the low
est on record; payments were never
SO prompt. Business is working on its
own abnormal cash surpluses. Com
mercial paper brokers wait hopefully
TOR the day when it will want to ex-
pand its activities beyond the capacity
of its own unborrowed funds.
Fifteen to sixty day prime rade ac
ceptances were quoted at and 5A per
cent; sixty to ninety days, and 5 y
per cent; indorsed trade acceptances,
41s per cent, all maturities.
New-York tribune., 1919-05-11
The Tribune's Page Of Business News
Silks
Silk Manufacturers Well
Sold on Fall Weaues;
Export Trade Opens

Sales of dress silks to manufacturers
were light yesterday, the wet weather
keeping merchants away from the show
rooms. But the shipping departments
Of the various concerns were taxed
getting out goods needed Immediately
by cutters and retail dealers. The
volume of business placed last week
was exceptionally large, and many
mills that manufacture the highly fin
ished fabrics reported that they had
sold their outputs of fall weaves as
far ahead as the middle of October.
Mills that sell most of their .produc-
tion in the gray or undyed form to
those commanded by the manufacture
ers of the finished goods stated that
they were not anxious to accept orders
for del1ery beyond the first of Au-
gust
Buying of goods wanted for use
during the late spring and summer
was brisk, cutters of women's waists
and dresses being the best customers.
But the most wanted fabrics, such as
georgettes, are in scant supply, and
manufacturers say they were unable
to meet all demands. Silks suitable
for mems shirts also sold freely and
many of the leading manufacturers
reported that they were not in po
sition to take further orders for fall
delivery.
Because American weaves are rela-
lively cheaper than those produced
elsewhere, exports have been made to
Italy, France, England and Central
America, which countries before the
war made only small purchases of
American manufactured dress silks.
New-York tribune., 1919-05-11
business Money

line week just passed was a week
IN which the chief concern of bankers
was given to the Victory Loan and it's
outcome. Such preoccupation was hurt
1ul to the commercial paper market.
nevertheless, there were evidences that
ehe banks were looking ahead to the
period to come. When the country as
a whole is considered, their demand
Tor paper. exceeded the supply. This
was manifest from the continuous ten
dency toward an easing in rates. There
was more per cent paper at the end
OF the week than at the end of the
week before. The general market rate
IS quoted at 5A per cent, with paper
moving at both per cent and 5ih.
Next week will begin the period
which will test predictions made in
the last few months. These predic-
tlons all looked toward a revival in
the market when "the Victory Loan
campaign is out of the way" Such
revival has been lokcd for chiefly
on the side of demand. There may
be no great actual change next week
IN the position of banks as revealed
in their weekly statements. But the
banks will know where they stand.
They, will know exactly the extent
to which their customers have with
drawn deposits for subscriptions. They
will know the extent to which thev
have been called upon to loan to Gus
toners to carry Victory notes. They
will know the extent, if any, to which
they will cr will not have to take
part of the loan themselves. With
this certainty, the present abnormal
caution that has been manifest in all
time loans will disappear. It is with
this in mind that many expect next
week decline in paper of Il of 1 per
New-York tribune., 1919-05-11
Loan Success Makes sG0ing'
Easier for Business Men
Expanding Needs of Com mercial Borrowers Bank
er Says, Can Be Met-Nation's Prestige as
Financial Backer for the World Is Heightened

More than ever must we be the bank
ers of the world, and anything that
strengthens our position in that re-
spect will help our export trade.
The loan unquestionably has re-
moved one of the chief barriers to the
resumption of active business. The
barrier furnished by the necessity of
floating the loan has in part been
psychological no doubt. But the bar
rier has been there. There may be and
doubtless will be other deterrents to
the resumption of normal business, but
each one removed makes the going
easier.
To the extent that the bonds have
found distribution with investors-and
this distribution will probably be found
to be wider than was expected-the
burden of financing the government
will be lifted from the banks. To that
extent the banks will be better able
to take care of any expanding needs
that their customers may have.
New-York tribune., 1919-05-11
Tailors Working Overtime
High Cost of ''Ready Madcs"
Drives Business Their Wav

High prices of ready made clothing
TOR men have stimulated business for
the custom tailors to such an extent
mat they now refuse to accept orders
for suits to be finished earlier than
three to five weeks hence.
The big Fifth Avenue tailors are
working overtime, and say they will
ind 1T difficult to turn out orders on
thelr books IN a months time. One of
the leading tailors in Harlem said that
ne has been working nights and Sun
days for the last three weeks, and from
present indications he and his staff
would work on the same schedule for
the next month or more.
The tailors say that new customers
who visit their shops complain of the
high prices of ready made garments
and figure that SO long as they must
pay $40 or $50 if they wish to obtain a
a little more and purchase custom
tailored clothes.
New-York tribune., 1919-05-11
Active Market for Rubber
Footwear in Scotland

An active demand for rubber foot
wear exists in Scotland, stocks of
which have been reduced to minimum
as result of war conditions, accord
ing to the Canadian Department of
Trade and Commerce. The principal
demand is said to be for ordinary
goloshes and storm goloshes of broad
toed shapes. for hip boots and top
boots, both leather and rubber soled,
for gray canvas gymnasium shoes and
for light sand shoes. Snow boots are
not much in demand. and there is said
to be no call for strap sandal or low
cut rubbers, for pointed shapes or for
white or brown goods.
New-York tribune., 1919-05-11
Large Orders Placed for
Heavy Cotton Pile Fabrics

Leading producers of velveteens for
women's wear and corduroys for mems
and boys clothing reported yesterday
that they have taken orders for all the
between now and the end of next Sep
tember. Prices have been advanced IN
per cent on an average in the last three
weeks. Large manufacturers of gar
ments as we'll as jobbing houses here
have placed heavy advance orders. 1t was
intimated that Seconds" or goods that
are not up to the specifications of buy
ers will probably form the bulk of the
supply that will be available from stock
this fall
New-York tribune., 1919-05-11
French Diamonds Expected
To Come ON the Marke,

Local dealers expect a slight i'm
provement in the diamond situation
here as the result of the removal of
the restrictions on the export Of cut
stones by the French government Tho
impression prevails that diamonds are
not available in large amounts in that
country. The older French cut dia-
monds, because of their shallowness or
extreme depth, are not regarded as
readily adaptable for sale to the Ameri-
can trade. Dealers recently. returned
from Amsterdam reported that French
buyers in the Holland diamond centre
were conspicuous by their absence. and
that as far as they knew few of the
precious stones were being sent from
Amsterdam to France.
New-York tribune., 1919-05-11
Chemicals
Japan Wants Acetate OF
Lime and SaUiss Buy
Caustic Soda

Firm offers from Japan were re-
ceived in the local market yesterday
for 5000 to 5000 tons of acetate of
lime. There were inquiries from Rio
de Janeiro for copper sulphate and
caustic soda. Nitrate Of soda was also
in demand.
Demand from Switzerland for caustic
soda continues, and is said to be din
cult to explain, in view of the fact that
England is the market in which Swiss
purchases Of this product would nat
urally be made. Not only can caustic
soda be bought more cheaply in Eng
land, but 1t can be transported to
Switzerland at lower freight charges.
A suggested explanation Is that jan
anese buying may be depicting the
English stocks.
New-York tribune., 1919-05-11
Goods Salvaged From
Wreck To Be Auctioned
Nails, Leather Jenkins and Rub
ber Boots Recovered From
S. S. POrthunter
Business Ne1cs Bureau
.SnecinL Cnrreenna,denca

Special Correspondence
NEW BEDFORD, Mass, May TO-
Approximately S1,000,00O worth of war
goods, consisting Of nails, leather jer-
kins, underwear and rubber boots,
salvaged from the steamship Port
hunter, wrecked in Vineyard Sound,
will be sold to the highest bidder on
Thursday next. Of the material
abroad, French, British and American,
the Mercantile Wrecking Company of
this city has the contract for salvag-
ing the last named. The goods al
ready taken from the wrecked ship
are now on Commonwealth Pier,
Boston. They have been cleansed and
put into shape, but with the announce
ment Of the opening of bids from the
zone officer, Colonel A. W. Yates, comes
a request that bidders inspect the
goods before making their offers as
no claims will be allowed afterwards.
Among the goods on which bids will
be received are 500 pounds of nails,
200,955 leather jenkins, $4,000 winter
undershirts and $4,000 pairs of rubber
boots.
Although about $1,oO0,OOO worth of
material has been taken from the ship,
S7,000,000 worth still remains, as the
cargo was said to be worth $8,0O0,0O0
The Mercantile Wrecking Company has
been granted an extension of time of
fifty days from May % to complete its
share of the salVaglng work
New-York tribune., 1919-05-11
Leather and Shoe Findings
Wanted for Indian Service

Bids have been asked by the Depart
ment Of the Interior for the supply of
harness, leather and shoe findings for
the use of the Indian service. These
bids will be opened by the Commits
sioner of Indian Affairs, at $40 Elm
Street, St. Louis. Mo-, on May 20.
Among other things, proposals are
asked on % pounds of calfskins, to run
11a to 2A pounds per skin, medium
thickness; 4.375 pounds of oak tanned
harness; 66 sides laces, Indian"
tanned, or rawhide; $40 pounds Of
hemlock sole, and 5,915 pounds of oak
sole
New-York tribune., 1919-05-11
Raw Silk Buying Checked
Only Moderate Reaction From
Peak Quotations Last Week

Prices for japanese raw silks de-
clined cents pound yesterday, max
ing a drop of 20 cents a pound from
the record high level established in
the fore part of the week. The peak
quotations restricted buying, and the
recent recessions brought out only
fair orders. 1t was intimated that the
drop IN prices was largely due to the
efforts of Japanese reelers 10 induce
farmers in the interior Of Japan to
sell their cocoons at lower prices than
those that had been prevailing. AS a
rule the reelers of raw silk buv their
supplies Of cocoons from the raisers
during the week beginning May 10, so
as to be ready to begin the shipments
Of the reeled product to commission
merchants and exporters in the month
of June.
New-York tribune., 1919-05-11
Furs
More THAI. $lO,OOO,OO
Worth of Pelts Sold at
St. Louis auction

ST. LOUIS. May 10.-Sales at the
closing session of the spring fur sale
at the International Fur Exchange to-
day passed the s1O,o00,ooo mark with
a large number of pclts, including more
than million muskrat, still to be
disposed of during the afternoon.
forenoon sales to-day totalled $1O5,-
A lot of 10000 civet cat brought
$4,000 and $4,000 badger sold FOR
$12,5OO
New-York tribune., 1919-05-11
Beaver Cloth for Hats

Beaver cloth is being used for fac
ings and trimmings on women's leg
horn hats for summer. One manufact-
urer, who is already injecting the fall
touch into his models is showing leg
horn hats with velvet crowns of burnt
orange. Other hats are made almost
wholly. of burnt orange velvet, with
white hemp facings and flowers.
According to several of the leading
millinery manufacturers, hats of navy
tatfeta lead all others in sales now.
New-York tribune., 1919-05-11
Jade Green Popular

Jade green, otherwise known as
chrysoprase on the fall, 1917, color
card of the Textile Color Card Associa-
ton, is one of the most popular shades
for millinery now, according to the as
sociation's service committee. Other
shades in the pastel colors largely used
in millinery are orchid, turquoise,
coral, pink, primrose, wigela (spring,
1919 color card) and bluebird (spring,
1916 color card). For evening wear the
five shades mentioned predominant, to-
gether with larkspur, cherry and citrus
(spring, 1917, color card).
New-York tribune., 1919-05-11
Australian Wool Brings
$l.43 at Government Sale
Brisk Demand for Good Quail.
ties; 800 of 100000
Pounds Disposed Of
Special Correspondence
Business Neaps Bureau


BOSTON, Mass, May 10.-Eighty per
cent OF the 100000 pounds of secured
wool offered at the governments auc-
ton here to-day was sold, the good
qualities bringing high prices, but the
poor qualities going for the minimum
established by the government. On
tne poorer qualities the bidding was
SLOW and some Of the South American
wools failed to arouse any interest.
The r South African, Australian and
california wools were in demand.
The highest figure paid at to-day's
sale was SLAB pound for fine Aus
trailan wool and for high grade terri
tory, tory wools. The buying was distrib-
uted among about sixty purchasers,
many of whom, though, took only from
one to five lots each. The most active
buyers We're Hartmann Brothers, Inc,
VINO D. took forty-five lots, and Charles
). webb q Co., of Philadelphia, who
bought twentyseven lots. Mr.. Webb
SAID yesterday that he intends to keen
up the prices at the government auc-
tons N~S
New-York tribune., 1919-05-11
Merck & Co. Stock Sold

Eight thousand shares of the capital
stock of Merck & Co., one of the iarg-
est houses dealing in medicinal drugs
and chemicals in the United States.
have been bought by the McKcnna Cor
poration. The stock was sold at auc
tion by the Alien Property Custodian.
The price received was $3.50 900.
Iotal stock of Merck & Co. is 10000
shares. 's'e
New-York tribune., 1919-05-11
Burlap Prices Advanced

Under small offerings by importers
and relatively good buying by bag man
ufacturers, prices for burlap yesterday
advanced Il to n cent yard. The
grade containing eight ounces to the
yard Of cloth was quoted at cents a
yard, while the 10H ounce product
held at II cents n yard. 1t was stated
that the Calcutta market was higher
than that Of New York, allowance be-
ing made for the cost Of transporta-
tion from India to the United States.
New-York tribune., 1919-05-11
By Howard S. Mott

Vace-PTes1dent, la'V111g National Bank
THE campaign for the Victory Loan
closes victoriously. 1t was a
business mans loan, and busi-
ness men could not let it fail. Quite
as much it was loan for the man of
small means, and it is eternally to his
credit that he has rallied to the sup
port OF this loan as he has to those
preceding it.
Now that we have shown the world
mat we pay in peace times the obli-
gatlons incurred in war times, the fact
OF the maintenance of our business
honor cannot fail to add to our al
ready high financial prestige. The
ease with which we finance ourselves
IN enormous volume will concentrates
further upon us the eyes of the rest
OF the world that needs financing.
New-York tribune., 1919-05-11
Big Cargo of Wool From
South America Arrives

About 100000 pounds of raw wool
from South America arrived here late
last week and was unloaded yester-
DAY. The shipment formed the entire
cargo OF the steamer Dogra. About
one-thlrd of the wool was consigned
G, 70 me cleveland Worsted Mills, of
wool dealer OF Bradford. England i'm
ported the cargo. The entire shin
ment was valued at about $1,000, ,OOO
New-York tribune., 1919-05-11
Holidays This Week

Tuesday-1n Brazil and Russia.
Wednesday-In Paraguay.
Thursday-1n Greece and Paraguay.
Friday-In Austria Hungary (Bohe-
mia) and Denmark.
SaturdaymIn Egypt, Norway, Persia
New-York tribune., 1919-05-11

through the shortage of skilled labor,
but 1T is said that with the return
from France of the New England and
New York divisions of the army this
situation is rapidly adjusting itself,
New-York tribune., 1919-05-11
London Wool Auction

LONDON, May 10.-The ocerings at
the wool auction sales to-day consist
ed of a miscellaneous selection
amounting to $500 bales. Prices were
unchanged. Withdrawals were more
frequent. AoA
New-York tribune., 1919-05-11
Basic Comm0d
May 10, 1919

oten those where repoed ~. A
New-York tribune., 1919-05-11
The Honor Roll

The following committees have reached
Or exceeded their quotas:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-07-11

me innovation u mass athletics IN
tie colleges composing the W.s,e-, In.
ts'-cnllegsa.e Conference did not srtrac,
-hs SUCCESS expected. according 10 The
~unrrs sunmirred by tae cnileges nuid.
lng membership n the Zig Tan. The
failure q The plan was disclosed with
The announcement Of Cuach Robe--
Zuppke Of the University Of Illinois ting,
me winners would not ne announced
Coach Zuppke was one uf the Judges
Only three universities submitted re
suits Of the mass athletics activities.
They were Chicago. TIIinuis and wiscun.
sin. Rain interts-ed with The plans II
the other universities
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-07-11

r1r a. The home q her mother, Mrs
E. a -Illson the past week
A very Pleasant picnic parry cath
cred on July 41h al Swif-'s landing
On the Messaionsfsee. The pR--v in
cluded the following Mr and Mrs
Charles Swif-, MIR. and Mrs. Sanford
Phlibroak, Mr. anG Mrs. T. " Long
ley and children. Mr.. and Mrs VIII
Blanchard and sun. H Z. blanchard.
Miss BlEnch Clark, Miss ANNE Field.
also Harvey c. Blanchard and family
of East Providence. P Z
Ha-'veE c. blanchard. vino mas
been visiting al the nome Of MS Sis
ter, Mrs. Addie n. LnnEiey, returned
SUNDAY 70 his home II East Prors-
dence, P L Els family viii remain
for q few Gays longer and visit
friends.
Jason Taylor and SONS ara enter
aiming a large number Of summer
boarders. Sleeping apartments. cool
and airy have been erected in he
orchard and al seem % be enjoying
Life 70 the fullest extent
The cwo SONS Of M. and Mrs Var
--en Lathe have returned Hrnn across
John arrived some time arn and -asse
a few days al hume. then returned :,
hls work N Cleveland. 0hln. Warren,
J-,. arrived a. his home Wednesday
They hRH been ar-nAs neh-lr WI -eE-N
5ntn buvB -sneIved an honorable dis
charge from Camp OerRnE.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-07-11
Ecnpr Athletic Workers

Colonel Wait c. Johnson. chief arh-
letic Officer Of the A E r, his three
assistants. Lieut.-Cols. David NJ
Goodrich. T c. Lonergan. and J. 4.
McDermott and Elwood :. Brown.
chief athletic director of the Y. M.
c. A IN France have received the
Legion Of Honor from the French
Government for their efforts in con-
necnon with the interallied games in
Paris
This information. which war con-
tanned N a cabiegram received yes
terdav Al the HEADQUARTERS of the
7. NJ. c. A, stated that the derora =
lions were conferred On the Ameri-
cans Sunday at the Pershfnr Sta
dunn. where the ceremony was wit
messed by thousands Of spectators.
Mr.. Brown. who lives in Fort
Wayne. Ind. was for many wears
chief athleric director uf the 2. NJ.
c. A IN the Orient and originated
the Far Eastern games which gave
impetus IL track and field athletics
IN China and Japan.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-07-11
GILT EDGE COLE
DESPITE DOWNPOCR
AT WINCHESTER. MASS.

Winchester. Mass. july 1a--Thun-
der showers which throughout the
aAy soaked the players and mnddled
up the ccurEe, cid not prevent some
excellent snoor.ng II me first and
second rounds u nEach play 81 the
winchester Country Club todav for
the Massachusetts Amateur Golf
Championship
FrAHcis oaalmes WOE easily II beth
rouncs- setting new competitive rsc-
ORD Tor the course n me afternoon
when ne scored - u defeating Per
ley Chase ana g. a D. knight OF
the Worcester Country Club was rne
only player from outside ting Boston
'dlstract 10 survive Lae days play
The surv1uorS and drawings IA. The
third round are: Panels Ou1met vs..
FEED J Wright J-- y. W Dean rs
Ra-ker~N. Whlr1smpre: A .. Knight
US. Jesse Guilford and I. 2. Patton
Us. .. 2. Waters.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-07-11
SPORTING NOTES

The Connecticut trainers had another
inning HI wounsocket last week. Al
Bnstun Cruzier, Rruae and FIemming
wun seven Of the nine races on the care,
while III the Rhode Island ruwn they
mpved I'D a peg and WON eight out Of
nine Harry RruEie had a shade thu
best Of il by winning with Chester n
Eta. Belgis IN 216s, aae the Russell 3.
mare. Betty NJ. which was shipped -
him after showing well IN q race II
Wilmington. Del. n c.14s He also I'm
ished second TO Roam ERl IN the free
for-al with Minor Hal. second 70 Tsv's-
run with RebeccR, and saved Ainnepun
Boys entrance n the I'D pace.
Flemming WON with The 1S-yea--old
gelding NJ. Z. J.. Miss Maruue. VIM was
a winner al Wilmington. Del. and
James AIherr The latter also saved
his entrance n the 1res-tur-aIl, while
Parton picked " second money n rhe
chesrer race. CroEfer had three mounts
n Wounsucket- lie wnn with -evistun
and Jungiswpne. the lArser being kept
very buoy eor FIVE heats. and was IN
placed with RnsR wat-s.
Ten crorters ny Beiwtn entered The
30 List q; the 1exinetnn. Ky, time RIO.
ard meeting lAst weeG. o. that numnes
Fetaf 4elwtn. III; surrsnsinn. :-2a; Me.
RE Be,w;n, 81; Erwin. "a; 8a-.nec,
:.1E; Mary Kremlin, ~. were two
veAr-oids; TIP Of the Morning. II:
Queed. :.1a, whose dam. Sienna. wcn
the ChArter Oak Purse n 1gls. and Dur
and 21i. rnree-yeA--oins. and Alics
5elwtn. liz, hve-ysar-nin. The thfAs-
yezr-oid eeld;ng Mu,vanev. by Belwin
thH- worked mile IN liz a few DAYS
before the meeting, did not stHr-. The
other horses marked AZ the rneertne
were Our Glen. 2Z2s, by San Francisco:
Minis Ala, 224s, by silikn. and The
thrse- year-oid geJding Judge Ricn. 21ss,
by Manrico. Out Of Jndsnn Girl. enz. -
New York Timex.