davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-08
Silks
Prices for Fall Mercl,an-
disc Under Discussion
in Silk Trade

ifade IN manufactured silks yes
terday did not have cutie as much
snap to it as earlier in the week.
There were fewer buyers in the show
rooms but this is usually the case on
Friday. as many buyers are disposed
- leave the city over the week end.
Buying the past few days has largely
been Of the recorder typo. this sug-
@esting that the quantity of goods
originally purchased was insufficient
n cover the wants of customers. AS
kaster rs late this year, manufacture S
expect 10 continue active on recorders
70 ON retail dealers, the opinion being
advanced that these traders will buv
~orics that are made " in bright
eolors. Orders from he Pacific Coast
ere said to be especially good. The
sirlke OF marine workers BY stopping
water borne traffic in the pert of New
orh, has restricted shipments of
six fabrics from the .!yeing establish
faents, most Of which IRE located IN
Ne'9 Jersey Some manufacturers
lave sent out road salesnen to get
recorders for spring goods and what
ever advance fall business thev NAV
re able to book. Discussions as %
tall prices are under way. but thus
tar no announcements have been
m ade regarding the PROBABLE trend of
quotations. Some Of the l-stail dealers
are looking for lower rrce levels.
Raw silk failed to change in price
yesterday Gable news from Japan
vas lacking Importers admit that
manufacturers are buying lightly, and
tne manufacturers intimate that prices
tor raw materials wall recede. They
take the stand that new crop silk is
icing rceled in Japan and that sup
plies in that country wilt ihcrease.
New-York tribune., 1919-03-08
Mark Eisner Explains
lax Law to Jewellers
Members of National Associa.
ton Hear Former Revenue
Collector Talk of NV,

Mark Elsner, Internal Revenue col
lector for the Third New York District
up to the time of his resignation last
week. explained the workings of the
revenue tax law as it affects the jew
cry trade to representatives of all
oranches of the industry assembled at
the National Jewellers Board of Trade
jyestfbday, jns f5a y.oud Mr. Eisner, after explain
lrs -! .ne general principles Of the law,
answered questions on the subject
one of the most interesting MONTE
baat deao+s Mr., Eisner brought out, and which
ca,''C el1' rcts every travelling salesman in the
country, dealt with the tax ON travail
ing expenses. AS the new law is in
'erpreted' @ funds for expenses on the
foaa fuae are not allowable for deduction
from the income tax report. Tbis
means that expenses for meals and nd
sotel ACCOMMODATIONS must be included
as a; ;uod income Railroad fares and other
be deducted leu "
New-York tribune., 1919-03-08
Believes LUXURY
Tax Will Never
Go Into Effect
Secretary Of Retail Dry
Goods Association Says
Members Are Ready to
Demand Repeal of Law

Lew Hahn. executive secretary of
the National Retail Dry Goods Asso-
citation. expressed the belief yesterday
that the luxury taxes embodied in the
revenue bill Viii never so into effect
He declared that if an extra session Of
Congress is called the members of the
association are ready to lombard
members OF the-Housc and Senate with
demands for the repeal of this law.
Any move which retailers may make
toward devising methods to collect the
so-called luxury taxes will be waste
motion. ia the view OF Mr.. Hahn.
"Our tax committee, composed Of
store controllers and headed by
Charles b. Clark Of the j. L. Hudson
Company. Detroit. Mich" he said, as
comforting with the Bureau of Inter
nal Revenue, and until these confer
ouces end and the bureau announces
the plan under which collection of the
tax rs 10 proceed it Will do no good
for retailers TO figure on plans Their
pians may not accord with those Of
the bureau.
Il think there is some hope that the
tax Will never 90 into effect" said Mr..
Hahn. "lt the work of the peace CON
terence IN Paris is finished within the
next month there must l. an extra
session of Congress 20 ratifv the
treaty L an extra session is called
the retailers of the country are ready
To lombard the members o. the House
and Senate with urgent demands for
The repeal of the luxury tax law. We
were beaten only by tilibustor and [
am sure that if the repeal goes to a
vote IT viii be carried"
The annual spring meeting of the
association viii be held the latter part
OF May IN either Chicago or St. Louis.
The association's spring meetings, de-
voted almost exclusively TO the discus
sion of merchandising topics. have al
ways been held in Chicago. This year,
however, st. Louis merchants have ex
tended d pressing invitation for the
meeting to be held in their city. Mr.
Hahn said plan to hold q fall meet
ing of the association on the Pacific
tlon.
The association is seeking larger
quarters in which to house the new
departments created under the expan-
SION plans adopted at the annual con
NeNVon here last month
New-York tribune., 1919-03-08
Leather
High Prices Restrain Deal
ers in Leather Goods
From Stocking Up

Dealers in suit cases and travelling
bags are carrying much depleted
stocks. They are not replenishing
to any great extent because they are
laboring under the delusion that
prices arc to be reduced, according to
Joseph Fybush, of Fybush Brothers,
manufacturers of this line of goods
Mr.. Fybush declared that prices for
suit cases and other leather bags had
advanced about Is per cent during the
past year, while other commodities
made of leather were increased in
price by much larger percentage.
"The present. high price of leather
bags and suit cases." said Mr.. Fybush,
"is caused partly by the increased
cost of leather to the manufacturers
High grade leather is not only costly,
No. l leather is virtually off the
market
Suit cases are made out of the
same quality of leather that enters
into the manufacture Of high grade
shoes. The difference in cost of suit
case leather over that used in shoes
is not more than one cent foot, in
favor OF the former, and this is the
result Of the chroming treatment
pulling pores of the leather together
after application of greasc-given the
shoe leather. In the ordnary-sized
suit case or travelling bag practically
the same quantity of leather is util-
lied as in the making of three pairs
of shoes. BY this you can see what
the cost of leather means to the bag
manufacturer.
Leather Innings -skivcrs-are i'm
ported from England, and with the
present embargo against exports from
that country IN force the stock of
this material available in the United
states is decidedly low Until this
embargo is lifted the price of lining
will necessarily remain high.
Then the labor situation is factor
and big one-in the present cost
Of our product. Only recently an
agreement was made with our work
men for reduction of working hours
from ffty-onc to forty week and an
increase in wages of SO cents day
for every workman"
New-York tribune., 1919-03-08
New York Credit Men
To Enlarge Association


The New York Credit Mems Asso-
citation contemplates starting cam
paign next month to increase its mem
bership from $500 to 5000 by June l.,
according to A. II. Alexander, secretary
the same purpose which lasted for
seven weeks and ended in December of
last year was successful in bringing in
S32 new members.
The organization is particularly de-
sirous of bringing up its membership
to the 5000 mark before the annual
convention Of the National Association
of Credit Men takes place on June 10
at Detroit. The convention will last
for four days, and the local body plans
to send about 100 representatives. to
attend the sessions
Foreign trade and credits will be dis
New-York tribune., 1919-03-08
Rubber
Makers OF Rubber Me-
chanicaI Goods Doing
Little, but Hopeful

Manufacturers Of mechanical rubber
goods are going through a dull busi-
ness period, due, it f claimed, TO the
almost general impression that pre-
walls in the trade that present prices
are likely to drop. The producers of
these goods contend that instead of
prices declining there is a strong pos
slbility that they will advance. They
explain that while the cost of rubber
has remained practically stationary
during the war period all the ingre-
dlents going into their manufactures.
particularly cotton duck, were and
now are being bought at much ad
vanced prices.
Labor cost also has gone up to an
appreciabie degree in this line. and
there IS nothing at present TO indj-
cate that it will be reduced. Every
Day the manufacturers declare. condi-
tlons are developing that make it more
expensive for them to market their
product One manufacturer said that
the Settlement of the boatmen's strike
IN New \ ork harbor in favor of The
Workmen would mean that the cost
Tor ilghtcrage would be almost dou-
o!ed and that those makers of mechan-
lcaI rubber goods affected by the new
rates that would go into effect would
naturally haye to add this additional
cost to the price of their product
inns, he said, was but one problem
mat manufacturers have to contend
with. N''''e''0
Railroads, which ordinarily are
!heaVy purchasers Of mechanical rub
per goods, are now so well stocked
with material that they are not nlac-
ing orders for future delivery, ac-
cordlng to one man.
rms and not the question of appro-
prlatlon IS keeping the railroad on
orators out Of the market at present
ne sad. Because of the high cost of
leather the makers of rubber beltino
are coming in for a larger share Of
oruers tEan IN the past at this time
Oh the year. Saw mills and paper
mllls, winch are now running at close
70 70 normal speed, are heavy buyers of
this material
;, Rubber floor tiling is included in the
iines i!1 OF many manufacturers, but with
oullalng construction work virtually
aI standstlll comparatively few or
uers are beng received for this ma
terlal. Those orders that do come
through now are chiefly for 'renair
work. Garden hose is also in liohtnr
demand than usual. '''N-
\, IL is rather early in the wear for
une rubber men to form a definite idea
OF "hat the general market condi-
tion Will be, but most manufacturorS
declare that while business al nresD
ent is dull they believe that it viii ;,,' ;
prove before fall III
New-York tribune., 1919-03-08
Chemicals
NJ 0rkct for Industrial
Products Dull; Sale
by France Reported

The market for heavy industrial
chemicals remains dull. The expected
disposal of government stocks is keep
ing buyers out OF tho market. All
consumers are waiting for reduction
IN prices, some expecting even pre-war
prices to be reached
1T was reported yesterday that a.
sa'e OF phcnol was made for the &C
count Of the French government at az
cents pound. No details were OBJ
taInable as to the quantity involved
or the time Of delivery. Large guam
titles Of this chemical, as we'll as sui
phurjc acid, nitrate Of soda and other
chemicals, are to be offered for sale
on March 10 by the Astna Explosives
Company, which is selling it's surplus
Atoekx.
New-York tribune., 1919-03-08
Public Buying as Never
Betore, but Discermingky
Customers Of New York Stores, Saws Head of Re.
tail Dfygoods Assoc iation, Are Demanding
Goods of Better Qu ality and Style

III GRACE A. sAKs, of saks & Co..
T. T. paints the merchandising situa-
tion in roseate colors Retail sales
in this country, he told The Tribune
yesterday, were never larger than
they are at present.
Several factors" said Mr.. Saks, who
is president of the Retail Drygoods
Association Of New York, account for
the large volume of sales in the de-
partmcnt stores. In the first place,
wages are high, and the purchasing
power of great masses of people is
tremendous. Then, there are the
psychological factors. Every individ-
ual was uncertain about the future of
himself and his family during the
war, when every able bodied man was
potential soldier, and felt the need
of outstanding his resources. Now the
atmosphere is free again, and men and
their families are spending their
money with a lighter heart.
Restraints on Buying Lifted
Moreover, during the war it was re-
garded as improper to purchase things
that were not really necessary. 1t was
deemed unpatriotic to require labor to
make a dress suit when uniforms for
the soldiers were needed. Now the
restrictions are being lifted, and
people feel ready to replenish their
wardrobes and buy clothes and other
commodities which are perhaps better
than bare essentials.
Il am very much impressed by the
steadily improving taste of the New
York public. They are now eschew-
ing gaudy colors and inartistic faddish
styles. Buyers cannot any longer
justify poor selections Of merchan-
disc by admitting it is ugly. but as
serting it is what the public wants.
The public wants the best merchan-
disc obtainable at the least cost.
Merchants who are ready to give
the best can count on quick re-
sponse from New Workers, but those
who would give second class service
had better retire early TO forestall
future disappointment.
"And the American manufacturers
of ready-to- wear garments and of
New-York tribune., 1919-03-08
Mills Stocks Hold Well
New Shares Of Nashua Msnus
featuring Co. Sell at $40
BUSINESS Ne1cs Burccu
.SvccNL COrreenon6crca

'2ptcU+ [ Correspondence
BOSTON, March Fifteen shares
of the reorganized stock of the Nashus
Manufacturing Company, Nashua. n. H,
sold at auction for S24o each, the same
price as the previous sale. The par
value Of the stock was recently
changed from $500 to 500, as tbs
higher figure was considered rather un-
wieldy, stockholders receiving five
shares OF the new stock for one of the
old. The price of $40 IS equivaleut to
Sl,2OO on the old stock The company
PAID 10 per cent dividends during its
fiscal year.
Fifty shares Of the Draper Corpora
uon, manufacturers Of Northrop looms
and spinning machinery, sold at 1855,
q decline Of Is. The last published
statement of this company showed an
increase of 81, ,542, ,643 in earnings over
the previous Year. It was not so high
as some had looked for There are now
over 336,0o0 Northrop looms in use in
the United States and Canada
Twenty-Five shares of the Mssss-
chusetts Cotton Mills sold at 120 an
advance Of 5 over the figure paid tho
previous week.
Plymouth Cordage Company brought
10, an advance of l point, twenty-five
shares moving There has been con-
siderable market interest in this stock
for the last year, largely because OF
the expectation of an increase in capi-
tai stock and the establishment of
quarterly dividend of per cent and
then 4 per cent
New-York tribune., 1919-03-08
More Activity in Wool
For Making Worsted Narn
Business Mems Burer,

business Neros Bureau
Spcclcl Correspondence
BOSTON, March 7.-Greater activity
IN the market for wool tops, the long
wool flbres used for making worsted
yarns and separated from the short
hbres or noils by the combing process,
indicates that mills weaving worsted
goods are ready to resume operations.
The buying of tops by the Worcester
mills and considerable inquiry for the
same commodity from other sources
has injected moro fire into the local
wool markets. All the wool combers
have been making sales of the long
fibre wool recently which in the ag-
gregate amount to substantial uuan-
tity, and more business is in sight.
One large wool comber reports the sale
of 100000 pounds of fine long fibre
wool at S. to $2.o5 per pound, and
also the sale of $4,000 pounds of long
fibre from sheep thrce-eighths pure
bred Merino at $1.70 to $1.75 per pound.
These prices are the same as for pre-
VOuS sales m
New-York tribune., 1919-03-08
WOollen Trade Notes

Howard {, Jones are showing fancy
overcoatings from $3.50 to SO ward
and fancy woollen suitings from
$1.571a to s2.25 per yard. Following
are the mills producing the overcoat-
lngs and prices per yard: Columbia
vile, S2.70; Racine, $3.50, and West
Bend, S3.25. The suitings are made
by the following mills: California
Sl.5712; Columbiaville, s215 to s225
and Jacksonville, S2.1O.
The Worumbo Company will show,
It's overcoatlngs for fall, 1919 TO +bo
trade next Monday. The line will in
ciude Meltons, kerseys, Beavers, Chin
chllIaS, WSIhltneys, Elysians, Montag-
macs, Brllllantines, Nicunas, Shetlands
DufIlcs, Ondules, plaid backs and Biz,
zard cloths @''''' 1'4iA
Ihe mixture cloths are developed in
soft colorlngs extremely we'll blended
Greens, browns and blues arc w.
dominant. The colors in the Maid
backs are brighter than are usuallv
seen IN these Materials
our prlces will show little or mo
reductlon from last year" said A. l..
Clifford of the company. Yesterday
nigh grade wools which we use. In
fact certain fabrics will be priced
slightly higher than they were last
year; cloths containing high per
centage OF cashmere wool or came,s
hair, for instance. We arc paving as
high as $3.50 a pound for certain
grades of fine wool"
Clothing manufacturers, especially
those catering to the young men's
trade, arc buying more of the lipht
and bright coiors in woollen sujtihrs in e.s
than they are of the darker and more
sombre hues. Retailers report that
discharged soldiers are all calling for
suits OF high color and pattern A
reaction from the long association with
dull and lifeless khaki is given as the
reason for this.
The vogue of soft woollen fabrics as
distinguished from the worstcd or hard
finished goods for mems clothing is
expected to continue through next fall
and winter. Several reasons are ad-
vanced for this belief In the first
place woollen goods ore less in price
than worsted goods, and in fabrics for
fall 1t is said that worsted goods will
show less OF a reduction from former
prices than woollon goods. A good
worsted, it is claimed, Will bring about
81 a yard in the market. Another rea-
son Is that woollcn goods "drape" bet
ter than worstcd goods and therefore
are more adaptable to the extreme
styles which appear in clothing for
younger men.
The North Adams Manufacturing
Company's plain and fancy woollen
suitings will be shown by Cox &
Schreiber, direct selling agents, next
Monday. These agents will show
worsted goods later in the week or
the first Of the following week.
New-York tribune., 1919-03-08
Boston Wool Market

BOSTON. March 1.-THE CONNER
cial Bulletin" reports that some early
shorn Territory wools are being con
signed and early buying in some of the
wool states is reported but not CON
firmed. Foreign markets are generally
firm.
Prices quoted are as follows:
Ohio and Pennsylvania nceces-
Delaine, washed. 67Cq6sc pound De-
laine. unwashed, 60@62c; y blood
combing, 65@67c; Is blood combing,
64N 66c
Michigan and New York feeces-
Fine unwashed, SOC Delaine, unwashed,
60@ Gle; Y blood unwashed, 64M65c;
as blood, unwashed, 64@165c.
Wisconsin, Missouri and average New
England-12 blood, 63n64c; = blood.
64a65c; u blood, 60@6lc
Virginia, Kentucky and similar-ia
blood, unwashed, 650 SIC; ss blood. un-
washed. 67W70c.
Secured basis, Texas-Fine, 12
months. H.5S@$142; fine s months,
$1.25@$1.30.
California-N Northern. slss@s1.42;
middle county, S1.3SMs140; Southern,
$l.3O@$1.32
oregon Eastern, NO. l, staple $l.45
(a'$1 80; Eastern, clothing, $l.39@s140;
valley No /, $1.40.
Territory staple. sl.4SMS1.50;
4 blood, comhing. $1.42@ Sl.45; X
blood combing. $1.2oM S1.22; fine cloth
ing, $l.3S@sk.49; fine medium clothing,
$l.35MS1.3S
Pulled Extra, s1.55: AA. $3.50; A.
$1.52; supers, $1.25mSl.30
Mohair domestic BEST combing. 65
a zoe; best carding, 6o@65c.
New-York tribune., 1919-03-08
Prices Rcceding

For tho fifth month in succession
Dun's Index Number has reflected a
decline of prices. The index number
oi whole prices on March / was s217.-
OBJ, which IS 1.4 per cent below the
lebruary figure and 81 per cent under
the January ! number.
Moreover, the latest number dis
closes decline Of 60 per cent from
the S235.227 of October |, 1918 the
hign point OF the war period. The
March figure is lower thar. any since
September ], 1917. The March, 1919,
period IL 4.S per cent lowci than that
e year ago, but 79.s per cent higher
than on August +, 1914.
New-York tribune., 1919-03-08
Redfeld Sees Tendency
Toward Lower Prices

WASHINGTON, March "A general
tendency toward the restoration of a
normal price level was foreseen to-day
by Secretary Redfeld in the discon-
tinuance of price fixing for hogs, low
ering of steel prices, and prospective
reduction of freight rates on road ma
terials.
The first meeting Of the governments
industrial board, which is to deter
mine fair prices for various commodi-
ties, was held to-day. Secretary Red
field said he believed its success was
assured by the fact that no industry
had expressed opposition.
New-York tribune., 1919-03-08
Q91'llDVlnG
You must make your first
payment on the income tax on
or before March Is TO take ad.
vantage OF the instaIrnent plan.

4 aohich 1918 income is tamed. is in
some respects q highly technical docu-
meHt; and 1t has been further complicated
~ ratings and Interpretations OF the
Ifeasary Department. The taxpayer ,nQu
tnd 1t hard TO ons'cer such questions
as no0 much tdr must be paid, holc to
pay the tar, hoa0 to I'LL i's the forms OF
aohtcn returns must DO made, to a0hat
sTtent. II any, an income is erompt from
the tevy: etc. The corporation mag find
" equally difficult to solrc problems
connected 10ath he income. qodr end
ercess profits :mposts
Yhe Tribune has therefore psoriGed
thts Tde SerUice Department. Through
the coawtesy of the Guaranty Trust
pGny of NeaU York.
New-York tribune., 1919-03-08
Fur Workers to Give Days
Wages TO Jewish Relief E,and

Members Of all the furriers' unions
in New York City have proclaimed Sat-
urday, March 20, as "a day of sacri-
flee. Wages for that day will be turned
over to the Jewish fund for relief work
in Russia. The workmen are making
efforts to have the manufacturers nav
time and half for that day, and if
this is done, it will mean something like
$4,000 will be devoted to relief work.
New-York tribune., 1919-03-08
Leather Trade Note

Cost accountants Of the sole and
betting leather division oi the Tan
ners' Council held meeting yesterday
at the New York Offices Of the coun-
Gil for the purpose of discussing the
standard Fundamental principles best
adaptable to the business of this
group IN the tanning industry. r. II.
Mnn' chief of the recently formed
Bureau of Cost Accoun,ancy, presided
at the meeting.
New-York tribune., 1919-03-08
Raw Materials Free From
British Import Restrictions

LONDON, March TIT is not pos
sible to remove all restrictions on i'm
ports from foreign countries into the
United Kingdom, but raw materials
will be free from restriction,l w. c.
Brldgeman, under secretary sfor the
Board of Trade, announced in the
House Of Commons to-day,
New-York tribune., 1919-03-08

Question: I am a member Of firm
selling goods on commissions. We pay
Office expenses and salesmen's travel
ling expenses and commissions. Last
year we made $4,000 and drew $4,000
each, leaving $4,000 in the business.
We made purchase with this money
Of some goods, which are not sold yet.
When sold they may show profit or a
loss. am married and have no chill
dren. Kindly let me know what income
tax | VIII have to pay as per above
figures.
P. S.-The $4,000 drawn was for per-
sonal expenses.
Answer: ! assume that your business
is a partnership business. Partnerships
are not subject TO tax as such, but the
individual partners should include in
their individual returns their distrb-
utive shares of the partnership profits,
whether distributed or not, together
with income received from other
sources. Assuming that you have no
other sources of income, with no allow
able deductions, your tax will be com
putcd as follows:
Net income ..-.-... ......-.o-$ S., 900
Personal exemption ...-..... .......-... e. 900
Amount subject to normal tax. 5000
Tax on this amount Mt per cent. 80. $50
New-York tribune., 1919-03-08

cussed at the next regular monthly
meeting Of the association, which will
take place in the Hotel Astor on March
~. 1t is planned to have three speak
ers on this subject and then a discus
sion will follow. The annual spring
banquet of the organization will be
held at the Hotel Astor on May l.
New-York tribune., 1919-03-08
Clothes Exhibit for Children

An exhibit OF scientifically CON
structcd clothing for young girls and
boys, and a lecture on proper clothing
for growing children, Will be held by
the American Posture League at the
w. {. A, Lexington Avenue and
Fifty third Street. this afternoon.