davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-06-20
Furs
Local Fur AUCTION Con-
Germ Increases Capital;
VIII Hold .JuLy Sale

Twelve public fur auctions year
and two floor sales week beginning
IN November are part of the plans of
the Metropolitan Fur Exchange, Inc,
winch has just increased its capital to
S4oo,ooo. The company held it's first
auction early this month and will open
its second auction on July ii.
The company in an announcement
sent to the trade offers to sell goods
on commission for consignees, to sell
them in the floor sales which will be
conducted much after the fashion of
those now held by Funsten Brothers g.
20. at st. Louis, or to hold them for
the auction sales. The commission
for auction sales has been reduced from
to per cent, according to the an
nouncement.
The closing date for the next auc-
tion is July l.
Extremely high prices were paid for
Alaska furs at the recent sales in Ia
coma and Seattle, Wash, according to
Charles S. Porter, chairman of the
Board of Trade Of the Fur Industry
who has just returned from trim
which included visit to the Pacific
Coast.
The fur industry the country over"
he said yesterday, "is in a most pros
porous condition. Fur men do not look
for drop in prices in any fur. All
furs are selling we'll, and it is hard
to say that there is any skin leadino
the market to-day"
New-York tribune., 1919-06-20
Record Raw Silk Prices

Leading importers of raw silk re-
ported yesterday that buying had not
let up despite the sharp advances in
the Japanese product. Shinshiu No.
l advanced to the equivalent of So
pound, an increase of 25 cents over
the preceding day, and double extra
kansai commanded S10.25. Both of
levels.
Importers here asserted that fur
ther. increases in the prices were
likely, as the Japanese, in the absence
of slzable quantities Of raw silk from
other sources of production, virtually
control available supplies.
The latest reports from Canton,
Shanghai, Lyons and Milan indicated
active buying at stiff prices for the
relatively small quantities offered.
Milan, the chief Italian market, was
animated by the operations of Swiss
buyers, who, it was said, seem to be
undaunted by the high prices de-
manded.
New-York tribune., 1919-06-20
Business MOnev

The commercial paper market con-
tinued practically without change yes
terday. The trading rate is still 5h
per cent. That is practically the low
est figure at which paper can be sold
to banks in New York City. 1t is only
quite exceptional bill that will go at
5A per cent. Country banks in New
England and the East will buy paper
at ga per cent. On the Pacific coast
and in some other sections Of the coun-
try paper can even be sold for S per
cent, but this does not form an ap-
preciable part of the paper sold by
New York dealers and can OF be called
a market rate" The market is spotty.
In general the belief continues to
prevail that rates will not drop from
the present level for some time The
approach of the July l disbursement
period is nearly always time in which
money is tight. The heaviest borrow
ing demands for crop moving purposes
come in July and August. Demands
for money from business have shown
small but steady increase. The ex-
perience of one broker is that bor-
rowing has been growing, but it is
rather because of the entrance Of new
New-York tribune., 1919-06-20
Capital Big Factor
For Garment Makers
Fall Production a Problem for
Smaller Manufacturer,
Saws j.. I. Vile

Smaller manufacturers of coats and
suits will find the present fall selling
and producing season a difficult one
in which to operate, according to E. J..
Vile, of E. j. Vile & Co., because Of
the need of a large amount of capital
to purchase piece goods.
"There is no doubt" he said ycster.
day, "that the manufacturer with a
small capital is being squeezed to-day.
He cannot obtain all the goods he
needs, because the cloth market is
distinctly sellers market, and the
mills and jobbers sell only to the best
credit risks. Again, operating on pres
ent high price levels the small manu-
facturer has to be more cautious than
his larger brother. The small man
cannot afford Ito make up large
quantity Of merchandise for fear that
drop in prices would wipe out his
capital entirely. The large manufac-
turer, on the other hand, can afford
to take these risks and gets the benefit
New-York tribune., 1919-06-20
Leather
Goat and Sheep Skins
Bring Extreme Prices
at London Sale

European prices for hides and skins
are following those prevailing in this
country closely, according to importers
in touch with the situation abroad
AS an indication of the extent to which
prices for goat and sheep skins have
advanced in the foreign markets, it
was stated yesterday that at recent
auction in London the entire Offering
of goat skins was quickly bought at
an increase of from 100 to $50 per cent
over the prices Of 1914, The best tan
nages of Madras skins attracted the
greatest interest and were often Sc
cured at extravagant and fancy prices,
the importers say.
Sheep skins showed even more
marked advances, the best qualities 60
ing up 800 per cent over pre-war
prices, while ordinary and inferior
goods brought 100 per cent more than
in 1914. India tanned sheep skins,
which are converted into roller leather
used in spinning mills, were sold for
as high as 81 pound, while normally
the price for this skin is from So to
$3.50 pound.
French concerns were the most &C.
tive buyers at tho London sale, dis
playing an especially keen interest in
the purchasing Of the sheep skin Of
ferings. 1t is reported that at the
end Of April the stock in the hands of
English brokers amounted to about
100000 goat and sheep skins.
New-York tribune., 1919-06-20
Chemicals
Large Producers Advance
Selling Price of Car
bOIic Acid

Phenol has been advanced to liz
and IL cents pound by the leading
producers. The supply left in posses
sion of second hands is said to be
small, and while large stocks still are
held by the government the trade is
expecting that the price to be named
therefor in the near future will be
between 12 and Is cents.
Sales of solid caustic soda were re-
ported yesterday at 295 cents a pound
by second bands, but prominent deal
ers made sales at 3 cents. An ad-
vance in price is confidently expected
IN hrst-hand quarters. Light So pei
cent soda ash sold at 1.85 to 100 cents
pound In barrels. Bichromate OF
soda displayed firmer tendency, and
prominent sellers quoted cents a
pound as an inside figure.
First-hand sales of commercial salt
cake were made at $12 a ton, works
IN carlots. Producers reported sales
o, 3s-degree nitric acid at cents
pound in large quantities. The 49,
degree test is bringing e1s and cents
New-York tribune., 1919-06-20

customers into the market than in
creased borrowing from the old Bust
ness houses have been renewing part
of their notes at maturity and paying
off part. In the early fall the whole
sale grocers borrow largely to buy their
canned goods; the beet sugar people
also arc large borrowers at that time.
Some commercial paper dealers have
recently been encountering a great deal
Of difficulty in carrying their bills,
which yield them on interest of only
5A to 5h per cent, but to carry which
they often have to borrow on call at an
average figure of 6 per cent, and thus
lose money as long as the bills are on
their hands.
The acceptance market has been
quiet during the last few days, but
shows some improvement from recent
conditions. The yate Of outflow has
lately been greater than the rate of
inflow; dealers portfolios have been
receding. Some New York banks en-
tered the market yesterday that had
been out of it for some time. And
dealers have been less active in buying
new bills. One dealer has raised his
rate, and will not bid less than 4ss
per cent for bills.
New-York tribune., 1919-06-20
Jewelry
Shipment of Essence Used
in Making Imitation
Pearls on Wnv

Manufacturers of imitation pearls
were given reason to feel more optimis-
tic over the possibilities Of obtaining
new stocks of essence Of pearl, or
essence d'Orient, yesterday when one
of them received cable from France
informing him that shipment of the
essence had just been forwarded to
him. This will be the first importa-
tion Of this material essential in the
making Of imitation pearls, in some
time.
The shortage of the essence has been
a big factor in holding back produc-
tion in the jewelry industry. Several
manufacturers of imitation pearls de-
clare that their supplies will shortly
be exhausted unless more Of the liquid
is received from France. Latest ad-
vices from the foreign market quote
the essence as selling at from $13 ITO
SIS a small bottle.
jewelers. report that the scarcity of
diamonds has caused an unusual de-
mand for semi-precious stones, gar
nets, amethysts, etc., with the result
that the available supply of these jew
els here has been greatly depleted. It
is expected that the semi-precious
stone situation will be alleviated to a
marked extent when deliveries are
made Of orders placed several weeks
ago in Czecho-Slovakia.
New-York tribune., 1919-06-20

Textiles
Retailers Active in Buyina
Cotton Goods for Early
Deliuery

Wholesale dealers in cotton fabrics
reported yesterday that desirable mer-
chandise was sold freely to buyers for
retail establishments, which were anx.
ious to have the goods shipped imme-
dlately. Some retailers entered re-
quests for the speedy delivery of fab
RIGS ordered for shipment during July
Several Of the mill agents, repre-
sentatlves of what are known as first
hands, reported that many jobbers and
cutters were in the market to size up
the prospects for supplies of next
springs finished fabrics. But it was
admitted that actual buying, for which
the mills are not yet prepared, was Of
negligible volume.
Leading Eastern producers of ging-
hams are expected to offer their spring
lines to the trade shortly after the
first of July. Just now the manufact-
urers of finished fabrics have all they
can do to get out fall shipments.
Trading in unblcached or gray cloths,
following the sharp advance in raw cot
ton, augmented the broad activity that
set in Wednesday afternoon, and prices
for 64-60s, as we'll as 68-72s, ascended
to 15h and 1875 cents a yard, rcspec-
lively, each construction having in
creased onehalf cent. At the higher
levels some of the mills put out limited
quantities of goods, but most Of the
transactions we're between converters
who, it was intimated, dealt largely in
bills of sale rather than. the actual
fabrics.
New-York tribune., 1919-06-20
Silks
AH Trade Interests Stripe
to Secure Silk
Stocks

Selling of silks, now an automatic
operation, continued brisk yesterday.
the chief drawback being lack of sup
plies. Jobbers were in the salesrooms
OF the smaller manufacturers in the
nope OF securing goods to replace
those already sold Cutters of gar
ments as we'll as retail dealers bought
what quantities they could get from
the Jobbers, the demand extending to
nearly all of the we'll known weaves.
In every instance requests were
made for prompt shipment, retail deal
ers doing business west of Chicago to
the Pacific Coast seemingly being most
anxious to have their purchases for
warded as rapidly as possible One
of the leading wholesale dealers en-
pressed the opinion that the country
had gone silk crazy 1t was admitted
that considerable Of the scarcity is
due to the slow deliveries from the
mills, operations in which are being
greatly handicapped by lack of suffi-
cient workers.
Trade in mems silk neckwear for
fall delivery has started with rush
number of the leading producers re-
ported that sales have exceeded their
best expectations. Ono nationally
known concern, speaking through the
head of its neckwear department,
stated that sales were running 100 per
cent in excess of those made at this
time in 1918. 1t also was said that
the retail dealers and jobbers of the
country were evincing a strong prefer
ence for neckwear carrying polka dots
in variety of colors on a navy blue
background
New-York tribune., 1919-06-20
BUSINESS NEWS BUREAUS
Tribune Building
154 Nassau Street
Tariff Alone, Says
Choate, Won't Save
U. S. Dye Industry
Germans Ready to Dump
Large Surplus in This
Country and China, Is
Warming to Congress

WASHINGTON, June 19.-German
dve interests, barred from France and
England. look to America and China
for disposal OF their large surplus out
nut manufactured during the war, Jo-
seph II. Choate, jr., counsel for the
Chemical Foundation, Inc, told the
House Ways and Means Committee to-
day in urging licensing system for
the protection of the American dye in
dustry.
Something has to be done to save
the dive industry, and tariff alone won't
do it." he declared.
Mr. Choate said that anti-dumping
laws would not suffice because it was
so easy for the Germans to conceal
their dye shipments so that it would
: be practically impossible to detect all
of them.
Reads Schweitzer Report
Mr. Choate read to the committee a
report on the outlook for the German
dye interests in America, written six
weeks before the United States de-
clared war on Germany by DR.. Hugo
Schweitzer, active head of the Amer
lean branch of great German house.
"Iie was a direct secret service en-
ploye, bearing the number 963 ,192,
637, given him by the Imperial War
Minister" said Mr.. Choate. ale came
here, became citizen under orders
from his government, and led the es-
pionagc and propagandist movements
till his death in November, 1917"
In the report, which was forwarded
to Count Won Bernstorff, Dr.. Schweit-
ger declared that the German dye in
dustry would have no difficulty in
holding the American market in the
face of the 80 per cent ad valorem duty,
but that the specific duties imposed
under the law would be more trouble
some. He added the Germans must
sell more than 40 per cent of the de-
rivatives and dyes in the American
the specific duties, as the law provided
would be done if 60 per cent of the
home consumption were not produced
in America.
Necessity of Native Industry
A hostile dye industry, Mr.. Choate
declared, is an ideal centre of espion-
age and propaganda.
"A native dye industry is necessary
he said, "as it controls the fate of three
billion dollars worth a year OF Ameri-
can goods which cannot be made with
out its products. 1t alone can provide
and keep available in peace times an
inexhaustible source of explosives and
poisonous gases needed for national
defence; it alone can insure due prog
ress in industrial chemistry, and it
alone can provide both personnel and
material needed for the advancement
OF scientific and medicinal chemistry"
The report of the British commits
sion which visited the German dye
works in the occupied regions along
the Rhine and found the Germans
ready with personnel and equipment
to go after foreign business immedi-
ately on the conclusion of peace, was
read to the committee.
New-York tribune., 1919-06-20
Trim Orders for
Children's Clothing
Dress and Coat Makers Are
Short of Materials
and Labor
and Labor

Infants and childrens dresses sand
coats, 1t now develops, are not being
produced In quantities large enough tc
go around, with the result that leading
manufacturers have found it necessary
to resort to the allotment method In
filling orders.
we do not want to open any new
accounts said a leading manufact-
urer yesterday, "and we are cutting
Gown on the amounts our regular Gus
toners would like to order. We sim
ply haven't the material to make all
the merchandise we could sell, and if
we had the material we would not have
the labor to work it up."
At the Office of one Of the largest
concerns turning out these goods it
was said yesterday that 60 per cent of
the factory's production capacity for
the fall season was already sold and
many of the firms largest customers
mad not placed orders. The firm ships
more than $1,O00,O00 worth Of mer-
chandise year.
Another manufacturer said that so
per cent of his possible fall produc-
'ioH nad peen taken in orders and his
road statesmen had not visited more
'han third of their customers. Two
other manufacturers said that they
mad ceased taking orders in advance
and were selling goods only as they
came out of the factory.
Even the cheaper lines of coats and
dresses for children which were in
slight demand a few weeks ago are
moving rapidly now, it is said, because
the buyers cannot order as much of the
higher priced garments as they would
like. AS an indication of what is hap
Penlng in the raw material end of the
business one manufactures said that he
had paid 35 cents yard for cotton
bedford cord cloth yesterday. Five
weeks ago he could have bought the
same material for 10 cents and five
years ago for 1-3 cents yard
New-York tribune., 1919-06-20
Mr.. Skinner says, for an American
house able to furnish goods in smar.
lines.
Cargo Service to Constantinople

WASHINGTON, June 19.-rnaugura-
tion of cargo steamship service be-
tween New York and Constantinoule
and Black Sea ports was announced to-
day by the Shipping Board. The steam
ship Huachuea, of 1900 deadweight
tons, is booked for sailing this month
and will be followed by the steamship
Polybius, of 10000 deadweight tons, in
July.
Present plans contemplate at least
one sailing a month and the service
will be developed as rapidly as trade
demands justify ALLEGATION Of addition
al vessels. The regular ports of call
will be Smyrna, Constantinople, Vrana
and Constanta, with the terminus at
Odessa.
Eventually, the boards announcement
said, vessels of 1900 or greater dead
weight tonnage, capable of maintaining
a speed of eleven knots, will be utilized.
furnishing the best direct service be-
tween American ports and the Black
Sea under any flag.
New-York tribune., 1919-06-20
Exports of Leather to
Denmark Now Permitted

1t was announced yesterday by the
Tanners Council that the restrictions
on the export OF leather to Denmark
have been removed by the Allied gov
ernmcnts. In the opinion of tanners,
this action opens up the possibilities Of
their developing Fargo business in
that country, which always has been a
good purchaser Of upper leather. Sales
OF American leather In the Scnndi-
navian countries have more than
doubled since 1914.
New-York tribune., 1919-06-20
Rubber
Prices Of Crude Rubber
Here Lo1ver Than in
For East

Importers and dealers say current
prices for rubber here are about 2
cents pound below those asked in
the Far East, notwithstanding freight
charges, insurance and other items
entering into delivery from the planta-
tions to New York.
1t is explained that the present situ-
alton has been caused by importers
making heavy purchases in the Far
East on credit basis during the
period of depression here. These
credits have to be settled now, and
the importers are said to be selling
their rubber at the best price pos
sible in order to meet their obliga-
tions.
The larger rubber goods manufact-
urers buy directly in the Far East
and are little interested in the local
offerings. Smaller manufacturers are
reported to have sufficient stocks in
their bins to last for several months.
so they also are buying little crude
at this time.
New-York tribune., 1919-06-20
Local Packing Plant Builds
Up the Market IT Se,.ues
Usefulness of Small Units Is Heightened by Co.
operation to Save Overhead Expense, Says the
Head of Newly Organized Combine

>Wo clearly defined tendencies are
apparent in the packing industry
Of this country, according to John A.
Hawkinson, president Of the recently
organized Allied Packers, Inc. One of
these, he says, is toward centraliza-
ton, which has attained its greatest
development in Chicago, and the other
toward the formation Of small packing
plants in many centres, which derive
their supplies of raw materials chiefly
from local sources and in turn sell
theis products in the local market.
"This latter movement" said Mr..
Hawkinson, "has proved an upbuilder
of the localities where it has devel-
oped, for, when a packing plant is
placed in a district it usually means
that the local farmers at once begin
to raise better grade cattle and hogs,
which in turn raises land and fodder
values Then again the money paid
New-York tribune., 1919-06-20

out for raw materials by the packers
goes to the farmer of the locality and
through them to the local trade and
banks. The sale Of the products in
the locality where produced means a
saving of expenses and transportation,
refrigeration, etc.
where such local plants Join with
one another to produce a saving in
overhead expenses a condition is found
in which the best Of both systems is
likely to obtain"
This situation. Mr.. Hawkinson de-
clared, obtains in the recent merger
of seven independent packing COM
panes under the name of the Allied
Packers, Inc. The combination aims
to give to each the advantages Of the
economies gained by cooperation.
Markets are provided for an increased
output of the manufacturing units,
while the distributing units are en-
abled to obtain their materials di-
rectly from producers associated with
them
New-York tribune., 1919-06-20
Boston Wool Auction
Many Lots Withdrawn Because
of Low Bids
Business Neacs Bureau
.SDecinI COrreernndcnca

Business Neacs Bureau
Special Correspondence
BOSTON, June l9-Pulled wools
sold slowly at the government auction
here to-day. Seventy lots of the 18O
offered were withdrawn because bids
failed to reach the minimums set by
the government The Boynton Wool
Securing Company was the most promi-
nent buyer. taking thirty-fve lots.
Crimmins & Pierce also took q fair
number Of lots and the rest was divided
among eighteen buyers.
The entire offering Of $4,000 pounds
of Australian wool was sold to twelve
purchasers. The South American wool
was sold with but few Withdrawals.
New-York tribune., 1919-06-20
Record Imports in May
Foreign Trade Credit for
Eleven Months Over
S3.5OO.OOO.OOO

WASHINGTON, June Discontinued
high records Of exports in May gave
the United States foreign trade credit
of S3,5O5, 100000 for the first eleven
months of the fiscal year, Sal, 100000
greater than the previous record in
1917. In eleven months this country
has sent abroad s6,3O8, 100000 worth
of goods and has received So, 500, 900 900
from foreign countries.
May imports were the largest in the
history Of the nations foreign trade,
amounting to S329,O00,00O Exports
totalled S606,000,0o0.
New-York tribune., 1919-06-20
New Trade Commission
Coming From Australia

Henry Y. Braddon, commissioner in
the United States for Australia, who
has been in this country since October,
will soon return home. He will be sue
ceeded by Mark Sheldon, who will take
up the duties of the commissioners
the latter part of August. Commits
sioner Braddon stated yesterday that,
as there is good feeling on the part of
Australia toward America, he looked
forward to healthy trading between the
two countries.
New-York tribune., 1919-06-20
Palm Beach Cloth Higher

az s'm Beach cloth for the summer of
~. ~ y offered to the trads by A.
wpaus, selling agent for tho Coodall
az iyfs'ed Company, at prices from to
cents yard above those OF last
- l. Inc number Of different kinds
y Cloths and col6r effects In the now
sva1'ng ~ has been increased, compared
4. sa Iast year. The pricss range from
s sests ese : yard for the 3o-inck width
a'so : ysxd Tor the double Width.
New-York tribune., 1919-06-20

Of quantity production, with a CORE
spending lower cost"
Mr.. Vile has just returned from
Europe with a number Of new models
Of fall coats. Adaptations of these will
be ready in about two weeks. He said
that Paris had made wonderful strides
since the ending of hostilities in the
production of new style ideas, and
that the influence of Paris on Ameri-
can styles this fall would be greater
than at any time in the past four
Years.
New-York tribune., 1919-06-20
Italy Buying American Shoes

Since the lifting of the import en-
barge on shoes by Italy, large guam
tity of American footwear has been
sod in that country, one recent order
representing the purchase of $4,000
worth of shoes. According to the vice
consul at Turin, contracts have been
signed for the representation in Italy
of two large American shoe manufact-
urers.
New-York tribune., 1919-06-20
London Wool Market

LONDON, June 19.-There we're g.
500 bales offered at the wool auction
sales to-day. 1t was a good selection
and was mainly taken by France and
the home trade.
New-York tribune., 1919-06-20
Basic Comm dities
June 1e, 1919
June 10, 1919

the bd
srces gven)