davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
British Fear
l. s. Penetration
In Foreign Trade
Complain to Government
That Activity of Ameri-
cans Threatens Loss of
BUSINESS; Ask Assistance

WASHINGTON, April 12.-British
residents abroad have bombarded the
home government with complaints of
the activity of American business men
throughout the world. advices to an
official of the State Department say.
Notes Of complaint also have appeared.
Official advices report that the
necessity for action is particularly
realized IN the Lancashire cotton dis
trict in regard to trade with the
Orient. A deputation from the Man.
chester Chamber Of Commerce has
proposed to Sir Arthur Steel Maitland,
the Parliamentary Secretary to the De-
partment Of Overseas Trade, that a
commercial mission he sent at once to
China. 1t was proposed that the mis-
sion be made up OF representatives
of the cotton manufacturers, cotton
trade union leaders, shippers and Of
hcials of the Department of Overseas
Trade 1t is asked that the govern
ment pay the expenses of the mission.
One London paper voices the gem
eral apprehension that the United
States will take from Great Britain
her lead in the commerce of the world
as follows:
"The activity of manufacturers in
the United States of America and the
keen commercial instinct with which
they are seeking to revive old and Sc
cure new markets for their goods have
led to many complaints that British
manufacturers are being left far be-
hind in the struggle for the markets of
the world
"To British residents abroad it is
peculiarly eXasperating to see Amer
lcan business houses taking up prem
Uses in, say, Scandinavia, for the pur-
pose of trading direct with large firms
in Norway, Sweden, Denmark and Fin
land, and, with an eye to the future.
establishing jumping off place from
which they will be able to establish
themselves in Russia when that
country is once more in sufficient
~ settled state to permit of trad
ing relations being reestablished. The
same complaint is being made by Brit
ons IN all parts of the world, that the
American manufacturer is very much
to the fore, while nothing is seen of his
British competitor"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Jewe1r'v
Business in Je,celry So
Far This Year Record
for the Period

In the jewelry industry it Is es.i-
mated that the volume of business so
Tar in 1919 is more than 30 per cent
greater than that of any other similar
period The demand for merchandise
comes from every section Of the conn
try, and for many kinds Of jewe,rv ia
In excess Of the supply. Manufacturers
say that they sell merchandise inst az
quickly as it Is released from the far
tory, and they could sell moro if pro-
duetion would permit
Labor shortage has been holding back
tho amount Of finished material placed
on the market, and in some cases there
~ a scarcity Of materials. No irD1ne-
diate relief from the labor situation "a
promised and there are certain manu-.
facturers who declare that conditions
may become moro unsettled. To Ger
taln extent manufacturers who have
oeen bidding against each other for
labor are responsible for the unrest
among. the workmcn, as this competi-
ZION mas tented 10 disrupt wage
schedules
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
TELEPHONES.
Beekman 8243
Beekman 5000
Tax Exemption
Adds to Appeal
of Victory Notes
Buyers Will Not Only Have
Good Investment but Will
Legitimately Escape Ley.
les on Incomes and Profits

pAYlNG taxes is never likely to h.
come popular, even though evorv
one recognizes the necessity Of their
imposition. Any plan under which .
portion of these payments NAV bs
legitimately avoided is sure to cor.
mend itself to many persons.
Such an opportunity is offered f.
investors in the Forthcoming Victorv
Liberty Loan.
Under the act authorizing this loa,
the interest on holdings of $4,000 ~
notes is to be exempt from payment ~
inheritance, graduated income, excess
profits and war profits taxes. In ad-
dition to their value as an investment
these notes Will have an added attrac-
ton to taxpayers. They viii not only
offer good interest yielding securitv
which is absolutely safe. but will in
sure purchasers a substantial saving
which otherwise would have to be pajd
out in taxes to the government.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Dealers Comment on Sale

What leading fur dealers thought of
the New York Fur Auction Sales Cor
poratlon's spring auction which closed
yesterday is contained in the following
comments:
David Steiner, of Joseph Steiner &
Bros, said: at was the best sale we
ever had in New York. The prices
were remarkable, but not unexpected
IN view of the great demand for furs. -
.. &. Becker, Of Becker Bros. e. Co.,
president of the Raw Fur Dealers As
cellent sale and everybody is highly
pleased. The prices for fancy furs
reached new heights and the staple
furs sold well, too
"Ihe sale was the most Wonderful
ever held in this country" said Mil
ton Schriebcr, of Milton Schrieber g.
Co. "The prices were beyond NV OK
pectations. | had confidence in the
market, but | didn't think prices would
go so high. Time and again I was
outbid on certain lots | wanted"
Carl Dernberg, of Carl Dernbcrg &,
Sons, president of the American Fur
Dealers Association, said that the
prices paid at the auction indicated
the prosperous condition of the in
dustry.
The high prices were not based on
Inflated or fictitious Values said Mr..
p ln "Furs are in demand and
bid on impulse, but upon preconceivcd
and carefully studied ideas of the mar
ket; But still higher prices are in
sight. When peace terms are conclud-
ed we will be able to ship furs 70
Europe to supply the great demand
there
Il have cables in my office now which
indicate that the fur shortage in Fu-
rope is more acute than it is here.
american turs, such as raccoon, opos-
sum, mink and muskrat. are wanted
Just as much in Europe as they are in
america, and they have no substitutes
for them over there. America truly
leads the world in furs now
This idea was echoed b. other deal
ers present, and it was suggested that.
IN view of the prosperous condition Of
the American market, the old method
OF shipping American furs to the Lon
don fur auction, buying them in and
bringing them back to America would
be discontinued.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Bill for Job of Crushing
The Huns rs N01U Due
Business Men Urged to Assume Full Share of the
Responsibility for Debt by Subscribing for
Victory Liberty Loan Bonds Soon 10 Be Issued

A MERlCANS demanded that the Hun
- be crushed, and now they are
called upon to settle up for the job,
Theodore L. Merseles, vice-president
and general manager Of the National
Cloak and Suit Company, said yester-
day, in explaining what the Victory
Liberty Loan meant to him.
THE American people are pledged
lrrevocably to ovcrsubscrbe this Vic
tory Loan" he declared "You pledged
your share and l pledged mine when
we demanded Of our government the
maximum of the country's effort to win
this war. We said: Build ships, build
aeroplanes, artillery, train men by the
millions, win the war-show the world
the might Of America. Teach those
Hun vandals that their thirty third in
vasion of Franco is to be the last;
show them that before they can share
in the worlds civilization they must
eradicate the blind spot in their brain
that makes them unable to see that
the murder Of the weak is double muir
der and that rapine and pillage label
the barbarian always We demanded:
Crush the Huns; put forth our total
power every needed dollar, every
needed man.
you and demanded all that. and
by demanding it we pledged ourselves
to support that programme. The
money was spent on your promise and
mine-and now the bill is due. And
the man who refuses to keep his part
of the American peoples pledge classes
with the man who ea,s q meal and re-
fuses to pay. This is q time for plain
words and the American who refuses
now to take his share of the Victory
Loan is in good American slang a
gutter.
"The Victory Loan will be taken, but
don't expect the banks to take it all.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

Their load is at its peak. They expect
that from now on it will begin to de
cline. The Victory Loan IS process
by which the government raises money
from the people so that it can pay of
the banks. If the banks have to carry
the people it merely delays the process
Of relief; it does not make the banks
burden greater. And the banks see
that if commercial borrowing con
tines as small as it has been, and tho
outlet for the banks funds in cnor-
nous government loans comes to a
stop, surplus funds will begin to &C
cunulatc as the certificates of indcbt-
cdncss begin to be paid Off. That will
lead to lower rates. The banks. there
FORE in making loans now prefer them
for long periods. They prefer October
maturitcs to September maturities
They want to be able to hold on to the
high rates AS long as possible. They
are more willing to lend at 5A per
cent The general rate for commercial
paper is still 5l2, but more 5M paper
is being sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
F'urs
Polar Bear Skins More
Buyers to Spirited
Bidding at Sale

More than S5,0O0,O00 worth of furs
were sold at the auction held here last
week.
The total for yesterdays sale an
nounced by the New York Fur Auction
Sales Corporation was sl,250,oO0. the
largest figure for single day.
The attendance at the sale was the
largest that l have seen in New York
Or at any of the st. Louis sales" said
Charles S. Porter, president of the cor
poration, when the last lot of skins
offered had been knocked down to the
highest bidder "The sale was splen-
did. and the nigh prices paid for all
Kinds of furs show how much they are
III demand. Buyers have come from all
parts of the country"
Muskrat was the feature of yester-
days sale: SO FAR as quantity was con-
cerned. The advance over mid-winter
prices was per cent for ordinary
skins and 10 per cent for black musk
rat. The latter brought from S1.O6 to
SD, while the ordinary skins ranged
from 30 cents to $3.50 There is said
to be considerable quantity of musk
rat SKINS now in the hands of dealers
and manufacturers and it is compare
lively difficult for the market to absorb
more. In view of this fact the and
~ per cent advances in prices do not
represent the true rise in value.
Spirited bidding took place when
polar bear skins were offered, and one
lot went for high price of slo5 a
SKIN The low price on polar bear was
and the average advance over mid
winter was fully so per cent.
Black bear increased 10 per cent in
price, compared with the winter sale.
and brought from ST to S23 a skin,
while grizzly bear advanced 20 per
cent, selling from $3.50 to $4,000 a
skin. One lot of grizzly cubs went for
$3.50. Brown bear skins at ST to s11
showed no change in average from win
ter prices.
House cat skin hit a new high price
of $1.02 for the best black pelts. The
fur is used largely in coat Innings.
Lower grades sold for as little as %
cents skin. On an average, the skins
increased 10 per cent in price since
January. Nutria increased 10 per cent
and ranged from &c cents to $3.50 in
price Mole showed no advance, and
sold for II to SO cents skin. No
advance was noted in ermine, which
brought from Sc cents to $2.46 for the
best Russian skins
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Textiles Wanted by
Scandinavian Buyers
Other Foreign Countries Also
Want Cotton Goods

Export trade in cotton goods re-
vived in a fair way last week Nor
way, Sweden, Denmark, Greece, the Red
Sea countries, Belgium and Central
America all figured in the buying move
ment- 1t was reported that orders for
large quantities of goods had been of
fcred by one Of the smaller European
governments, but thus far this bust
ness has not been accepted it being
intimated that arrangements for maxi
ing payments were not wholly salts
factory to American merchants 1t
was reported that a number of Sean
dinavian buyers Of textiles had az
rived in the United States properly pro-
Vided with credits and instructions to
purchase large quantities Of cotton
Goods
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Business Money

Inc most prominent feature in the
commercial paper market of the week
was the tendency toward ease in quota
tons. This softening of rates came
with a tightening in the call money
market, reversing the position Of a
week ago. The reason for these sue
ccssivc tendencies is not difficult 10
discover. 1t lies mainly with the banks
and partly with the business firms that
arc borrowers. The tendency of rates
in the early part Of the week and for
some time before that was owing
wholly to the position Of the banks.
The Victory Loan was approaching;
banks wanted to put themselves in q
position to meet it; they did not want
their money tied up in loans for periods
over which it could not be called back
They first of all began combining time
loans mainly to short maturities, with
not moro than ninety days to run, so
that they could be easily rcdiscounted
at the Federal Reserve banks. Their
next step was to shut down so far as
possible on time loans of whatever
maturity, making only renewals and
necessary advances. The result of this
policy was to leave them with an un-
usual supply of unemployed funds.
These they were free and anxious to
lend from day to day The result was
a decline in call rates.
The reversal of this process high
call rates and lower time rates mani
fest in the latter part of last week,
came for different reasons. Payment
was called for on the 5000, 100000 of
War Finance Corporation onc-ycar
notes, and these had to be paid by
the banks by check on their re-
serves at the Reserve Bank. Conse-
quently, there was a decided effect on
call rates, which rose in one day from
to 6 per cent, and were firm at 6 per
cent in the latter part of the week.
The subscriptions to the $50O,000,00O Of
certificates of Indebtedness on Thurs
day were represented mainly by credits
which tho banks create and place on
their books as deposits of the govern
mcnt. Their immediate eject is on -
time money market; they do ~ great
- affect tho call money market until
the government begins to make with
drnwais against them.
But the banks have now taken what
is probably the last issue Of certificates
of Indebtedness they will have to take.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Swiss Buy Coal Here

Charles A. Anderson & Co. have re-
ceived cabled requests TO buy up a
large tonnage Of coal for Swiss con-
sumers. This is said to be the FIRST
time that country has sought to buy
coal in the American market as her
logical sources Of supply are. under or
binary circumstances. Germany, Franco
or England. The labor troubles in
England AZ we'll as in Germany, and
the wrecking of the French mines IN
the Lens region during the war. are
said to have forced the Swiss TO seek
iucl supplies in this country. the
coal Will be forwarded as soon AZ ar
portation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Textiles


Higher prices, active buying anC
greater confidence in the future feat
ured trading yesterday in the cottor
goods market. Buying of gray or un-
bleached goods showed splendid cxpan-
sion and the demand for bleached
fabrics as we'll as the various kinds O.
colored goods was brisk. Kilograms
were received from widely separated
sections OF the country ordering diff
1erent kinds of goods, these hurry calls
indicating that jobbers have allowed
their stocks to run low.
Buying during the week seemed to
gam impetus each day. While most
activity was centred in the gray goods
end of the market trade in the other
DIVISIONS showed perceptible improve
ment. A larger volume of business
was reported in unbleached cotton
man Tor some time past and prices for
oh .. class OF goods were advanced y
cent yard. One large interest was
credited with having taken orders for
SlO,o00,0O0 worth Of unbloached goods
within the last ten days. Some houses
stated that business in gray goods re-
sembled that transacted in March of
last year when orders were exception
ally heavy.
Sellers of bleached goods announced
that they had booked the largest mum
Der OIL orders taken in SIX months, and
some OF the manufacturers of popular
branded goods advanced their prices.
In the colored goods section of the
market sales were liberal and prices on
percalcs, cretonncs and cambrics were
advanced l cent yard. The Eastern
mills increased production Of these
printed goods. Orders for dcnims. or
overall stuff, which advanced y cent a
yard, were large. and the demand for
ginghams and fannels was reported TO
nave been sufficient to absorb most Of
me stocks held by manufacturers.
= oopers supplies of ginghams were
said to have become rroativ dnn1o,ad
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13


W + ARE not going to approach
w the last Liberty Loan strictly
IN commercial spirit. We are not
going to float it strictly on com
mercial basis. 1t is impossible to
do so. A little thought will teach
the wiscst among the fnanciers of
this country that it is Impossible
now to float, purely for investment
purposes. loan OF five or six bill
lions of dollars.
We have got to appeal to the
patriotism of the American people,
and it will not be done in vain.
There are yet 100000 American
boys IN France and Germany who
must be maintained in comfort and
brought home in safety ard pro
vlded with employment on their re-
turn. While Congress is writing
off the books $4,000, 100000 OF au-
thorlzations, for which public funds
would have been expended had not
the war suddenly terminated, the
government is still expending ST.
0OO,0OO,000 month to meet the
honorable commitments of the coun-
try.
The honor of the government is
involved. Being your government,
i IS your honor that is involved. and
! know that the appeal Of the Amer
lean government 20 the American
people vail meet with response of
which the nation VIII be proud
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Jewellers Honor Mr.. Rothscbild

Meyer D. Rothschild, Of the American
'em and Pearl Company. chairman of
the Jewellers' War Revenue Tax Com
mittee, was rendered n testimonial din
ner by the Jewellers Vigilance Com
mittec AZ the Ritz Carlton Hotel last
night Mr.. Rothschild was chiefly in
strumental in adjusting the revenue tax
situation Tor the jewellers Members
OF the committee include Leo Reich,
man, Harry +. Dickson, Michael Drei-
Ger, Harry {. Larter. Harry II. Tread.
well, William 7. Cough, Custav II. Me
meyer, William J. Kosenfeld and A. L.
don Woodland. About 300 men promj-
n1ent In the Jewciry Industry attended
the dinner.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Going After New Members

" Starting April 26 the Associated
press Industries Of America will con.
duct an extensive membership cam.
palgn among tho dress manufacturere
Of Cleveland, Ohio. =
David n. Moscssohn, executive dircc.
tor Of the organization. will 20 to
Cleveland and personally open the
campaign at a mass meeting. Follow
ing the drive in Cleveland, membership
campaigns VII be staged in other
cities. Mr.. Mosessohn viii 90 from,
Cleveland to St Louis to attend the
convention Of the Chamber Of Com.
merce Of the United States, in which
organization the Associated Dress In,
dustries hold membership.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13

Before the American people leave thi.
cost, let US realiz. that we will be
sacrificing Il large part of the pros
perity that should now be ours. Every
one knows that business is done on
credt-on money borrowed from the
banks. II the banks are left to take
the Victory Loan it means reducing by
just SO manly billions the number of
dollars the banks have TO lend to bust
ness men. 1t means business men can
do less business; it means cutting
down our prosperity; it means less
business for you, fewer jobs and less
wages.
$50. to put the necessity of our
taking this Victory Loan on the basis
of the dollar, 1t will pay each of us to
take our share. Leave out patriotism
call 1T q prosperity loan if you will,
and every business man as a matter Of
good business, every wage Garner as a
matter OF projections, should make
sure of our prosperity by subscribing
to this loan.
But, aside from its commercial as
pect, | believe this loan will be taken
because this war has made US ma
t5n-it has awakened in us an Ameri-
canism, q true patriotism that will not
die out with the end OF war believe
to- day the American people are IN a
frame OF mind to sec their govern
ment through to finish the Job we
have begun, even % paving the last
cent Of its cost. We pledged our support
to the war. We sent our men to France
to see it through, and over 10000 little
green mounds bear witness to their
pledge ard ours. Our pledge is still to
be kept, our task is yet to be finished,
but have faith that the American peo-
pie can be depended upon to stay to
the finish unit, our last pledge is re-
deemed and every cost is paid"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Better Raw Silk Promised
BY Japanese Merchants

Japanese raw silk merchants, who
have been in this country since the
latter part Of February, Yesterday
started for home. On their way to the
Faclhc Coast stops will be made at a
numbe.' of the leading cities. AS re-
suit OF the visit of this delegation to
the mill centres of the United States
II Is expected that the Japanese raw
SIX reelers will work to eliminate Ger
tain imperfections about which Ameri-
can manufacturers have complained.
assurances also were received from
the delegation that more attention viii
be given to developing trade in raw
silk with American mills, and it was
animated that our manufacturers need
Fave little fear OF Japanese cornpe-
tition in dress goods.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-04-13
Hcary Taxation
For Long Period

"lf, as generally thought, the sup
plies of loanable funds are TO be more
plentiful after the new loan is out of
the way, with consequent lowering of
interest rates, then the new notes, with
All the advantages they carry, ought TO
be readily absorbed, and ] predict that
this viii prove to be the case"
W. j. Wollman, head Of the New
York Stock Exchange firm Of II. J.
W Gilman & Co.. says:
The new Victory Loan has been
given features Of Aexibility in order to
make an appeal to al classes OF buyers.
/ nose persons who are obliged TO pay
income taxes or are subject to the war
profts tax or excess profits tax. how
ever, are likely 10 find d particular ap-
peal in the notes Of the third class,
owing to the provision under which
purchases up to the amount OF $4,000
OF these notes are exempt from such
taxes.
in all probability we cannot look
forward to an early cessation Of heavy
taxation. The cost Of Rehabilitation
and dismantling Of our war mach inc, the
shlpbuildlng programme and the in
creased administrative cost of govern
ment al mean that the people Of this
country viii have to contribute freely
TO the Treasury. Income taxes have
been doubled this year. and there is
no likelihood of substantial reduc
ton IN the rate for a year, or possibly
several years TO come.
"Consequently, buyers of the Vic
tory Loan notes Of the third class will
have an investment which viii pay
them handsome net return. Wealthy
holders VIII find it greatly to their
advantage to subscribe to the full
amount, as the return is fully on par
with good muncipals. and owing to the
fact that these notes represent an obi
cation of the national government
they afford the best security in the
world"