davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-05-20
Textiles
Trade in Colored Cotton
Goods Reaches Large
Proportions

Free buying continued in the cotton
goods market yesterday despite in
oreas reluctance on the part OF the mills
to accept all orders that were offered
Buyers in many instances found it
necessary to pay higher prices. While
the demand extended to all depart
ments Of the market, buying of colorcd
goods and unbleached fabrics seemed
to surpass that witnessed in other
quarters Of the market Some of the
mill agents asserted that business in
colored cottons excelled that done on
any day in the last six months. Com
mission houses representing the pro-
ducers Of bleached fabrics were kept
busy attending to the orders that came
in. Unbleached goods were in extra
ordinary request, and buyers who dur
ing the forenoon had asked for time
to think over placing orders found
when they got ready TO do business in
the afternoon that the mill agents had
already sold the goods to more cour-
ageous customers.
Some of the mills making print cloths
were given orders that call for de-
liverics up to the end of the year.
Prices for some Of these fabrics were
advanced one-quarter to one-half cent
a yard over the levels that prevailed on
Saturday.
1t was conceded that some of the
buying is of speculative character,
New-York tribune., 1919-05-20
Leather
French Spectators An.
ticipate Rennoval Of Ex-
port Ban on CaIfski,ts

According to importers here French
spectators apparently received ad-
vance information about the lifting
Of the French embargo on the export
OF hides and skins, for when Ameri-
can importers and tanners ATTEMPTED
to place orders for raw material they
were surprised to find that within
the last few days prices had been in
creased from 50 to 40 per cent. In
the opinion of some importers the
French market is now speculative,
with high prices prevailing because
OF the demand for raw material in
this country. 1t was stated yesterday
that tanners here are 80 anxious to
obtain stocks that they are content
to pay the prices now asked in France.
For some time the Tanners Coun-
Gil has been making efforts to have
tho French government remove the
embargo on the expectation Of hides
and skins, the American tanners be-
fore the war importing largo quant-
ties of French calfskins as well as
considerable quantity of selected
No. / heavy steer hides. The calf
skins were used by domestic tanners
of upper leather, while the steer
hides were used for high grade heavy
mechanical feathers, especially belt
ing. French calfsldns and horse
hides are in particular demand in
this country because OF their superior
Qualities.
New-York tribune., 1919-05-20

The certificates of Indebtedness are
Tree Of normal tax, which brings their
yield to an equivalent of a shade over
per cent on taxable paper. This is
expected both to keep per cent as q
minimum for commercial paper and to
maintain present acceptance rates.
To-day is the last day allowed the
banks to turn in the 10 per cent initial
Victory loan instalment to the Federal
Reserve banks. These initial install
ments, save those representing the sub
scriptions of the banks themselves,
had already been received on or be-
fore May 10 by subscribing individu-
ais. The banks have been requested to
turn in this instalment to as great an
extent as possible in certificates of in
debtedness an issue of which natures
to-day.
Interest is taken in the announce
ment that the Secretary of the Treas
ury will issue new series of tax GER
tificates, Of two classes, maturing Sep
tember Is, 1919.
Fifteen to sixty day prime trade
acceptances were quoted at 5 and 5I
per cent; sixty to ninety days, and u
per cent; indorsed trade acceptances.
70 per cent, all maturities.
New-York tribune., 1919-05-20
Bolshevist Plan
TO Get American
Products Alleged
Manufacturers Get Offers of
Large Orders, Provided
Licenses Can Be Obtained
to Ship to Petrograd

What is considered by manufacture
eIs to be propaganda campaign de-
f'gAed to bring pressure to bear upon
government to lift the embargo
u" shipments to Soviet Nussia is now
under way in this country. Manufact-
ufers Of all kinds Of products are said
10 nave received letters from the Rus
t-Federal- Soviet republic
representatives here advising them
that large orders would be placed with
thelr companies if they would obtain
export licenses covering the shipment
OF merchandise to Petrograd or other
Soviet sections of Russia
In these letters, which are siened
BY "A. A. Heller, director of tho COM
mercial department of the local Soviet
headquarters, the manufacturers are
informed that the Soviet government
- anxious to obtain complete informa
1lon concerning their product with the
view OF placing orders when it knows
Whac lts tull requirements will be-
y manufacturer who received one of
THESE letters declared yesterday that
ne had learned that similar letters
mad been sent to 10000 manufacturing
concerns in this country. Without
making any preliminary investiga atoms
as to the general character or quality
OF the goods his company made, he
said the Soviet representatives in
formed him they would place large
orders with him provided he obtained
the export license. This, he declared
was an unusual procedure, as the mat
ter OF licenses is customarily left to
the purchasers here rather than to the
mInufacturer or seller.
I'm the opinion Of this manufacturer
the export license stipulation in made
by the Soviets with the idea of stirring
up interest upon the part of the Amer
lean manufacturers in the removal Of
the ban on shipments 10 the Bolsheviki.
With the broad promise to make heavy
purchases the Soviet representatives
believe manufacturers here will take
steps to have the government permit
shipments to their republic, he said.
Following an investigation of the
he declared that apparently
it is not the intention Of the Soviets
to actually place orders, but to de-
velop the impression that cons derable
business could be done with their
country if the United States govern
ment would permit delivery of goods
New-York tribune., 1919-05-20

, Tor normal (meaning pre-war) prices,
ls talking IN the language of bygone
days. With particular reference to the
cotton goods industry, the law of sup
ply and demand Is being given full
sway and absolute freedom, and prices
are therefore logically advancing. The
hordes of returning soldiers have
created an overwhelming demand for
articles of civilian use, and the citizens
OF this country, who during the war
time period have economized to their
limit, are now freed from this neces-
slty and are replenishing their re-
qulrements. This has had its effect, on
the stock Of goods in retail stores,
as visit to any one Of them will con-
vince an applicant for material. 1t is
almost impossible to get any kind of
selection and folks are satisfied to
take whatever merchandise thev can
secure.
Although labor is now becoming
more plentiful, due to the return of
the troops, still, the very employment
OF this labor is further increasing the
demand for material. Not only IS this
demand increasing in this country,
but requests from many foreign
countries are beginning to find their
way here, thus adding another element
Of demand which will be difficult to
supply. Added to this fact, Is the con-
siderable demand from labor for de-
crease in hours and increases In wages
which further warrants advancing
prices.
Until these various conflicting ele-
ments reach more normal level, no
release from high prices may be ex-
nef,tnd y
New-York tribune., 1919-05-20
Rubber
Sales Of Mechanical Rub,
Der Goods for Export
.ShOeU Increase

Marked improvement is reported in
the sale Of mechanical rubber goods
With an unusual demand coming from
foreign markets, particularly South
america. Manufacturers Of these goods
say that the increased orders they
Aave recently received from domestic
sources indicate better industrial con-
ditions.
Mining concerns continue inactive, it
Is said, and the railroads at present
ere not placing orders for mechanical
rubber equipment. Among manufact-
urers 1t is believed that the railroad
administration will shortly have to
come into the market for replenisb-
ments of stock. They declare that de-
velopments during the last two weeks
fave caused more optimistic outlook
for early future stimulation Of bust
ness.
New-York tribune., 1919-05-20
To discuss gewelrv Tax

Harry G. Larter, chairman of the
Jewellers Vigilance Committee, has
called mass meeting Of the iewelry
industry to be held At the rooms Of tho
Merchants Association, in the Wool
worth Building, Friday afternoon for
tho purpose Of discussing the war
revenue tax law as it applies TO jewelry.
M. D. Rothschild, chairman Of the Jew
ellers' War Revenue Tax Committee,
Will give resume Of the tax and the
rulings Of the Treasury Department as
they apply to jewelry and kindred
lines.
New-York tribune., 1919-05-20
Prices for Silver and
SilverWare Advanced

Manufacturers Of plated silverware
last Saturday advanced their prices 5
perscent because Of the recent increase
in the cost Of commercial bar silver
Earlier in the week the silverware
makers added 20 per cent to the sell
ing price of sterling silver hatware
known as "ounce goods" and which in
clude tea, dessert and table spoons and
dessert and medium forks. An advance
OF Is per cent was made on all other
sterling silverware.
New-York tribune., 1919-05-20
NO Prospect of Return to
Pre- War Price LeUeZ
lotion and Clothing Trade Leaders Say Return to
Sormal' Is Impossible Long as Present High
Wage Rates Are Maintained

EADERS in the clothing and cotton
~ goods industries, in letters to the
business editor Of The Tribune. az
press the belief that prices for a con
siderable period will continue at pres
ent levels or go even higher, while q
return to the price levels existing be-
lore the war is held to be out Of the
question as long as the workers of the
nation are paid wages as high as thew
are now receiving.
conversion cost, which of course
lnciudes labor" says Ludwig Stein, Of
Ohlcago, is unques estionably to remain
at the present level for many wears.
ne wage IN the textile and needle in
dustry has always been low and made
quate and is even likely to 90 hirher
than lower. At any rate l am Con-
vlnced Of that
The present legitimate wages must
be maintained indefinitely, whether
the cost of foodstuffs recedes or not
or we would face serious difficulties bv
the labor element. While this is all r..
latlve, the line Of least resistance will
rule
IN lnety per cent of our working pop-
ulatlon are laboring men and women
IN the factories and on the farms and
thelr future welfare would be infinitelv
happier II present rates are sustained
1T increases the purchasing power.
eliminates the buying of cheap articles
ana brings about moro contentment
~hen the masses are in q position to
enjoy some of the luxuries Of the
wealthy"
Lewis Lowinson Of this city says:
I'm my estimation. any one who looLs
New-York tribune., 1919-05-20
me .Arabune>s $ Page Of Business News
JeweIry
Poorer Quality OF Dia.
nonds Nosu Imported
Indicates Scarcity

Not only is the supply of diamonds
exceedingly scarce here, but, according
to cutters, the quality Of the rough
stones received from the British Svn-
dicate by American concerns is rapidlv
deteriorating. 1t is said that there are
about 20 per cent more imperfections
among late shipments reaching this
country, and that the color Of the
stones is not as good as it was in
previous receipts. In view of toe focs
that America has always received SD
perior qualities of stones from the syn
dicate, cutters here take the view that
the quality Of recent assortments indi-
Gates scarcity of diamonds abroad.
Only seven diamond cutting concerns
IN the United States, all in this citv,
are recognized by the British Syndicate
and receive trough" from it. Recently
they were informed that their supplies
from the mines controlling company
were to be reduced One cutter de-
clared that while in May, 1913, his as
sortment from the syndicate was val
ued at 100000, the assortment received
last month was valued at only s5s, 900.
This cutter said that the latter assort-
ment, which shortly will be ready for
delivery to the trade in finished shape,
IS sorely wanted by dealers. Already
twenty concerns have made offers to
buy it in its entirety, and have been
wiling to place a $4,000 deposit to
guarantee the purchase. These offers
have been refused and the diamonds
will be apportioned among dealers.
New-York tribune., 1919-05-20
Chemicals
better Inquiry Reported
1or Heavy Chemicals
Used in Industries

inquiries were reported in the mar
~. ~ Yesterday for large quantities Of
ss.phase ~ Of copper, bichromate Of pot
asa -. and carbonate Of potash Con.
s-s sssfaOle activity is reported IN aqua
Emo .la0hia, especially in the 2s degree
s. saae' Second hands are still IN noa.
.s.ss SSn o1 aome surplus Of this. and
Sings s,,..s below the manufacturers
va va. are made from time to time.
"n',s arsenic is fairly active and
s holders say large lot business
= 'oa'ng from the glass-makine 4rado
:, .Is nrSs time since the beginning
.ae year There is some Increase
'ae demand for barium cbIoride
- surplus Of the Off color material
"a. .ssh somewhat reduced. The pure
:. .,sas is in even better request and
'.s' have stiFened.
4. ,.ap0rtation Of nitrate Of potash and
s.sa s Of soda w4thou. restriction
sss a Countries with which general
s - authorized, Will be permitted
Esrs.s 'ns July /, according to an an
''ssa'ent by the War Trade Board
New-York tribune., 1919-05-20
Metals
Copper and Lead Sell at
Firmer Prices; Japa-
nese Buy Sparingly

Copper metal sold in the New York
market in substantial amounts ycstcr-
day at 161a cents q pound for immedi
ate and future delivery up to August.
This represented an advance of II to
a cent pound over the final quota
tions last week.
Small sales of copper for August de-
livery were reported at 16A cents,
but most of the selling agencies are
unwilling to make contracts that far
ahead
While the buying was not of such
large proportions as It was last week
dealers stated that there was good
consumptive demand mainly for
domestic account. Japanese interests.
New-York tribune., 1919-05-20
Sugar and Coffee

sugar.-shipments of Cuba raw
sugars to the United States this month
are likely to fall below estimates.
transactions thus far reported through
the Equalization Board cover 244,oOo
tons. If exports during the next few
weeks are as large as expected, it is
believed refners will be In q position
to take raw sugars from the board as
last as tonnage can be provided.
Coffee Futures. Coffee prices receded
to II points Yesterday Rio cables
showing gain of only so reis in the
spot market were considered a poor
response TO the gains made in futures
here on Saturday. The market ap-
peared to lack sustained buying power.
Prices for future contracts were:
New-York tribune., 1919-05-20
Clors
sport . Demand Good for
"yesfu0s Used for
t0lOring COttOns

~, s,.'hs sxports Of basic and direct
si,si. .ss neing made To South AmerI-
sssr ss| enina and Japan. colors for
rs so'son are In active demand
MD : particularly large buyer. il
as.,.. domestic demand also ia In
sz.s,ss. ss With the expansion Of mill
ssrz s,,ses " there is a much better in
h ~ ~ ayestufs from both tho wool-
sstss.s go se1s'n textile interests.
III S~.sa supplies of most Of this nat
esss .sa'nTs are available. rmnoy.ed
sss .ss s being received in good VOL
;ss.Iass 'a prices are weaker. Aetun1
~ =, i. ~ srs not In evidences. but hold
ssyagi ssgyaasi, .asy are willing To accept prices
W. 49, sndsr prevailing quotations on
~ lassr,sssrs. saasrs. There havs been further 81.
Islss { ;Asras saas. Of Brazil wood. and M The
l,tsnt & s.iii unsteady ia spits Of The
pels ssi'ns. Diyi-diu 10 sasisr. bmt G
~ !. .ss hssng wsil taken m m.
IN = = esssss sazpiy snd sss al al.
eesss1t
New-York tribune., 1919-05-20
Skunk Fur Wanted Abroad

Early reports of the sale Of skunk
by A. & ". Nesbitt, Ltd, in London.
yesterday, indicate that the price of
this American staple fur is holding
well abroad. According to N. T. Monio
& Co., American agents for the Mas
pitts, NO. l Michigan black skins sold
Tor $3.50 apiece, No. l New York blacks
TOR So and No. 1 Iowa Blacks for $3.50.
Long Michigan stripes brought IS.
New York long stripes s4.75 to s5.25
and Iowa long stripes $3.50. Extra
long stripe Iowa skins sold for ss.25.
New-York tribune., 1919-05-20

which are said to be buying copper
here, have taken only from 200 to 800
tons, according to the best information
available.
Lead prices were marked up yester-
cay by the American Smelling and Re-
tnlng Company from 5.1O cents to 5.25
cents pound. This is the second ad-
vance IN the price within week and
reflects better demand for the metal
New-York tribune., 1919-05-20
Put Curb on Ribbon Ruvinsy

Manufacturers Of silk ribbons arc
selling only such quantities as they
can sec their way clear to deliver to
buyers during the current month and
throughout Juno and July. Some Of
the manufacturers have instructed
their statesmen TO forego accepting or
ders that call for shipment after the
hret OF next September BY isguing
the instructions the nanngacturern ai,,
70 Encourage unbridied buying, which.
II encouraged, might possibly result In
buyers taking more goods than co,ld
be sold to consumers, In the event os
wsaea eancsi'Ations of ordsrs might
enEuA.
New-York tribune., 1919-05-20
10 Auction Army Leather
Me'1 York Tribune

WASHINGTON, May 19.@June ne''s" is
the date selected by the War Depart
ment for the public auction Of its SUR
plus leather. At this sale, which will
be she first public auction of leather
in the United States, about So, 900 900
worth of leather acquired for artillery
harness, pistol holsters, riding brides,
rifle scabbards and stirrup straps will
be put under the hammer 1t will be
held at tho Zone Surplus Property
oihces, Iwenty-hrst Street and Oregon
Avenue, Philadelphia.
The leading tanners Of the United
States have been asked to bid ON the
stock and cables have been dispatched
to foreign countries advising Of tho
sale, and Representatives from Cuba
France, Great Britain and Sweden ara
expected to be present to compete with
Amrican bidders.
New-York tribune., 1919-05-20
Raw Silk Again Advances

Prices for japanese raw silk moved
up 10 cents pound yesterday, and it
was reported that the Chinese grades
had stifened in price. Buying of the
Japanese product in the Yokohama
market, according to cable advces, was
active, most Of the orders calling for
prompt shipments. Dealings in new
crop silk, actual supplies Of which viii
not be available until next month, were
said to be Of fair volume.
New-York tribune., 1919-05-20

than extras, 63A@64c; unsalted extras
% % % "a 09c' unsalted. firsts, 600e2c;
unsaited, seconds, 56G59c; state, dairy.
TUBS, flnest, 59@591hc; good to prime,
oo'Gosc; common to fair, 4S055c:
renovated, extras, 534c; frsts. 51M
0z72c; lower grades, 4705oc; imitation
creamery, firsts, 50M5lc; ladies', cur
rent rent make, frsts, 48@49Hc; seconds.
qo@4Ic; lower grades, z4@45hc; pack
ing stock, current make, No. l, 45hM
46c; No. 2, 44k@45c; lower grades.
New-York tribune., 1919-05-20
Much Wool Withdrawn
At Government Auction
Bustm era News Bursau

BOSTON. May 1o.--Lack Of interest
and low prices characterized the sale
Of low grade woods at tho government
auction here to-day Nearly 25 per
cent Of the 100000 pounds Of domes-
tic fleeces placed undsr the hammer
was withdrawn for failure Of bids to
reach the minimum prices set by tho
government.
New-York tribune., 1919-05-20
Investment Bankers to Hold
Convention at St. Tou;.

Al the quarterly meeting OF the
board Of Governors Of the Investment
Bankers Association OF America, held
s' White Sulphur Springs last weet
was unanimously voted to hold the
next annual convention at St. Louir
during the month Of October.
=, nominating committee with J
!. ,sneppard Smith, Of the Mississippi
valley Trust Company, as chairman.
was w appointed BY President W. G.
BAKER, with instructions to confer ana
sep0rt ct the next meeting Of the
BOARD Of governors IN Chicago next
august The names Of the candidates
.0r 'ne ensuing year then will be pre-
ssn'ed and acted upon by the board
sl'er which they will be voted upon
py N the association at the convention
In October. '''g''
New-York tribune., 1919-05-20
A Correction

a headline on recent article dis
cussing the compilation by the govern
ment Of world trade directory was
misleading in the opinion Of the De
partment of Commerce. The depart
ment does not intend to furnish for
eign credit information as the head
line implied
New-York tribune., 1919-05-20
BUYS Steel Plates

The American Locomotive Company
has divided between several steel max
crs an order for 5000 tons Of steel
plates and q small tonnage Of other
steel and pig iron to be used in the
construction Of $50 engines which the
company will make for the Italian gov
ernnent.
New-York tribune., 1919-05-20
pr1sTNESS NEWS BUREAU,
Tribune Building
154 Nassau Street
n;sabled Soldiers
Will Be Taught
Furriers' Trade
runds 10 Establish School
Are Subscribed by Leaders
in the Industry; Board
of Education Co-opcratcs

final steps towsrd the establishment
"a .chool where disabled soldiers will
+. taught all the operations involved
!, this making of fur garments we're
taken las. night ut patriotic dinner
,.,d under the auspices OF the Retail
rn-r;srs Association Of America. Inc.
:. the Waldorf-Astoria. About 200
.r.mbers OF the fur industry in New
vork and vicinity were present and
nlsased themselves TO contribute vari-
pns amounts to the support Of the
school
The speakers Of the evening dwelt on
The fact that support of the school was
NOT only patriotic duty among the
.nr men. but was in the nature of ar
Investment which would give large re-
,urus in the way Of supply of skilled
vorkmen in the industry to relieve the
uresent labor shortage.
School Board Sanctions Plan
In outlining the plans for The
.ehool Jacob Zinaman. counsel and
,scretary of the retail association, said
TINT the school had the sanction Of the
Board Of Education Of New York City,
which already has promised building
IN the fur district to house tho school,
and the approval of the United States
Employment Service, which would fur
nish the pupils. About twenty-five
wounded soldiers, prospective students
at the school, were present at the din
ner and aroused much enthusiasm for
the project.
students at the school," said Mr.
zinaman. "vill be paid minimum Of
SIS week until they are given their
diplomas We expect the average
student will require about four months
to complete g course. He then Will be
ready 10 go into the trade and accept
position paying from S25 TO $50 a
week, according to his ability"
1t is said that workers in the fur in
dustry are we'll paid, nailers receiving
from S95 to S45 q week, fnishers from
sS5 to $50. operators from S45 to S65
and cutters from $50 TO $50. Highly
Sailed workmen are often able to make
larger wages, and eases OF operators
and cutters who make more than S1OO
3 week the year round are common.
@The fur industry" said Mr.. Zina-
man, "has been prosperous during the
war. While we over here were making
money, the boys on the other side
were fighting our battles under the
most horrible condition. Many of
those boys will never come back, others
will come back manned and unable to
get back into their old occupations.
We have an opportunity for showing !
these boys our appreciation of what
they did for US and, incidentally, of
benefting the trade. Hundreds Of re-
turned soldiers are walking the streets
looklng for employment, & condition
that should not exist. Our school will /
help remedy this situation.n
New-York tribune., 1919-05-20
New Paris Hat Tr;m,ninrs

Ostrich banding, tubing and fringe
on hat veils for fall are favored in
Paris millinery circles according to re-
porta that have Just reached this coun-
try. Faille silk 10 ono Of the popular
fabrics for fall models In Paris. It is
aaid.
New-York tribune., 1919-05-20
Fur Men IN Washington

Adolph Engel, Of A. & J. Engel, chair.
man Of the National Committee Of the
Fur Industry, and Edward Fillmore,
counsel to the committee, were in
Washington yesterday arranging to lay
the appeal of the fur industry for the
repeal Of the fur tax before CONGRESS-