davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-07-24
Leather
''Dead'' Stocks Of Shoes
Being Exported to En-
rOpean Countries

Dealers in job lots of shoes are
making large shipments of "dead'
stocks to the Balkans and Turkey.
These shoes, it was learned yesterday
are selling at a comparatively low
price, being unsuitable for domestic
consumption because they lack style.
They are factory left-overs and odd
lots of models that were stylish a few
years back.
1t was said that ordinarily shoes of
this kind would be disposed of in a
quiet way and no attention paid to
such transactions, but because of the
high prices prevailing for up-to- date
footwear many people have noticed
the prices being asked for job lot
stocks and protitcering on the part OF
shoe men has been intimated. In an
swer to this charge, it was stated, the
people here will not wear shoes two
or three. years out of style, whereas
the people of Europe, who are going
almost barefooted, are not inclined to
be so discriminating.
The War Trade Board of the De-
partment Of State has announced the
abolition Of the individual export
license for shippers of leather and
leather goods to Eastern Europe This
practically means the lifting of re.
strctions on leather to all Europe, ex.
cept Bolshcvik Russia and Austria
New-York tribune., 1919-07-24
Silks
Better Deliveries OF Staple
Silks Being Made
bv the Mills

Dress silks were sold yesterday in
comparatively large volume. Nearly
all of the business was transacted by
the leading jobbers, whose salesrooms
were visited by many Western and
Southwestern merchants. Some of the
Jobbers stated that lack of stocks had
forced them to cut down most of the
orders that were rendered. This pol
icy also IS dictated by desire to pre-
vent overbuying as we'll as specula-
ton.
1t was reported that the mills were
making better deliveries than at any
time since the present boom started.
Most of the manufacturers of staple
fabrics are busily engaged in working
on their spring designs. SO far few
of them have consented to open their
books for spring business, though the
leading producers Of the speciality fab
rics have booked liberal volume of
business for delivery during the spring
months. Mills that specialize in shirt
ings have been favored with unusually
large orders, most of them being for
delivery up to March of next year,
though in q few instances sales have
been made as far ahead as June AL
though some of the buyers of the gem
eral lines of silks profess to believe
that the current high prices will not
last throughout the spring season. the
manufacturers rejon with the state
ment that present levels will hold for
months to come
New-York tribune., 1919-07-24
Jewelry
Jewelry
Manufacturers Prices for
Watches Advanced
10 Per Cent

Watch manufacturers have put a
new price schedule into effect showing
an increase of approximately 10 per
cent. Though jobbers expected an ad-
vance in prices, they say that the in
crease is not as large ss they antici-
pated. There seems to be a general
feeling in the trade that watches are
not bringing enough money and, con-
sequently, jobbers expect new sched-
ules to be issued from time to time
showing further advances.
Manufacturers say the labor situa-
ton is clearing rapidly. AS an ex-
ample, one large factory, according to
it's representative here, is turning out
an average of 300 watches {. day.
compared with 5000 under normal
labor conditions. Workmen, this man
said, are returning to the fold in large
numbers and, as a result, production is
better than for some time past.
Several Of the larger American watch
manufacturing concerns are receiving
inquiries from the Scandinavian coun-
tries in regard TO export trade. These
manufacturers, though giving the in
quiries their utmost consideration, ex-
press the belief that few large foreign
orders can be filled for some time, as
they have enough domestic business on
hand to keep their factories going for
almost two years.
New-York tribune., 1919-07-24
Metals
Large Contracts fo. Steel
Placed by T,uo Auto
Concerns

Steel contracts reported to approx
mate 100000 tons have been placed by
the Ford Motor Company and the
WHY'S sOverland Company, covering
their requirements for year ahead.
The latter company, according to lead
ing trade authorities, has contracted
for $4,000 tons of various forms of
steel, deliveries to run over the next
twelva months. The two orders will
cover bars, sheets, tubes and cold
rolled steel. The sheet tonnage placed
by the Ford company, it is stated, will
be for $4,000 tons, with about half as
much to the other buyer.
Many Of the largest makers of bar
iron, it is reported, have advanced
prices So a ton. Common iron bars
have been put up from 2.35 cents to
2.50 cents pound and double refined
bars from 1856 cents to $50 cents a
pound, Pittsburgh base.
The possibility of strike at the
iron and steel works, according to
"The Iron Age" has not slowed down
buying, and "The Iron Trade Review
states that the industry inclined to
greatly discount "the extravagant
claims of union organizers who have
been at work among the mill forces
for some months"
New-York tribune., 1919-07-24
Exhibition of French
Goods Opens To-day
Products Are Those of Indus
tries Least Hurt by
the War

Concerted efforts on the part Of
French manufacturers in cooperation
with the French government to regain
trade lost in this country because of
the war will begin to-day with the
opening at the Hotel Pennsylvania of
an exhibition of samples of art applied
to industries.
The exhibition includes that class of
French goods least hurt by the war
and is designed to dispel the impress
sion that industry in that country will
be years in regaining its former van
tagc point and to enable buyers to pur-
chase purely French goods without the
necessity Of a trip to Europe. Each
OF the exhibits is marked with the
manufacturer price in francs, the
cost in francs landed in this country
and tho latter price translated into
dollars. The buyer can place his order
in dollars or francs and either with
or without the duty paid.
The samples on exhibition include
antiques, artificial flowers for interior
decoration, art bronzes, art enamelled
goods, art lighting bronzes, beaded
bags, crystals, cane and umbrella han
dies, crockery, cushions, etchings and
engravings, embroiderics, artistic
glassware, jewelry, laces, leather goods
marbles, medals, paintings, artistic
paper-work, pianos, porcelain flowers
artistic printing, silverware, tapestries
and toys. None of the goods, it is said
compete directly with American goods
Maurice Casenavc, French High Com
missioner to the United States, will for
mally open the exhibition at noon
CASTOR Liebert, French Consul Gen
eral in New York, and Marcel Knecht
special representative of the French
government, will be present. The ex-
hibition will continue until August "a
1t is planned to hold similar events
here semi-annually, in February and
July. Arrangements have been made
for the showing Of the products of 100
French manufacturers in February.
New-York tribune., 1919-07-24
W Western Woods Active
In the Boston Market
Special Correspondence

Business NeUs Bureau
BOSTON, July 23.-Trading in Mid
Gle Western woods of the new chip has
been begun in this market, and dealers
say they expect the activity to con-
tinue for some time. Fine grade feeces
such as Ohio delaines, which brought
% cents a pound in that state, are SELL
ing here at 82 cents. The supply is
augmented by new shipments, and a
good proportion of the wool already is
out Of the farmers hands.
Pulled wool, extracted from slauq-
tered sheep, is scarce. The New York
pulleries are said to be shipping only
lambs wool, as few sheep are slaugh-
tered. Higher prices for pulled wool
are expected.
Western or territory wool is selling
freely, fine staple quality bringing
Sl.80 q pound.
Competition for South American
wools is keen, according to cables from
buenos Ayres. Prices for some wools
there have advanced two cents a pound
within the last week. Germany is re-
ported as being heavy purchaser and
the United States. France, Norway,
Holland and Sweden are active in buy
ing.
The fire grades of South African
wools are almost exhausted in the
market here, especially that suitable
Tor combing into tops, from which wor-
sted yarns are spun.
The yarn markets continue strong,
with prices advancing constantly.
New-York tribune., 1919-07-24
The News of Business
Machinery Needed by Italy
To Compete for World Trade
Manufacturers in That Country Show Preference
for American Types, U. S. Trade Commission
Says, but Embargo Prevents Importation

ITALY, in order to compete in world
markets, is in great need of ma
chinery of all kinds to build her in
dustries up to maximum efficiency. The
Italian manufacturers, according to W..
&. Marshall, a trade commi ssioner for
the United States Bureau of Foreign
and Domestic Commerce, who has just
returned to this country after complet-
ing an investigation Of the industrial
conditions in that country, like Ameri-
can machinery, but they cannot obtain
any at present because Of the embargo
placed on importations last January.
AS an evidence of their partiality for
machinery made in this country, Mr..
Marshall pointed out yesterday that
the Italians in 1914 imported ma
chinery and parts from the United
States valued at 10,3S8,571 lire, where
as such imports last year were valued
at 1856 5,320,333 lire
although the war stimulated alb
normal demands the call for machinery
from the United States," he said,
seems destined to be great just as
soon as the embargo is lifted. Italy
especially needs wood working, textile,
refrigerating, printing, conveying and
hosting machinery. Machinery for
shipyards and sugar rehneres is also
in strong demand, while tool machinery
is scarce and actively sought"
The embargo has been placed on
machinery, Mr.. Marshall said, because
of the unfavorable balance of trade
between Italy and the United States.
"a glance at trade statistics in 1914
and 1915" he added, "will show why
New-York tribune., 1919-07-24

Italy has been forged to adopt an en-
Dargo. IN 1914 Italy's exports to this
country amounted to 266,S78,526 lire
Last year they had declined to 1865
2l9 lire. In the interval our import
tions have increased from 418,2l5,431
lire in 1914 to 6,226,74 lire in
1918. Italy is now in a position where
she must import goods on credit until
a more favorable balance of trade can
be established by increased exporta-
tions to this country.
Italian business men asked me to
suggest commodities for which there
is good demand in America. I suc-
gested dried fruits, the largest single
Item imported into this country last
year; oranges and lemons, olive oil
not a gallon of which was sent here
last year, whereas in 1914 quantities
valued at 15,900,754 lire we're imported
and cheese, of which quantities valued
at 70 5,353,S5O lire were brought in in
1914, while last year not a pound
came in"
Mr.. Marshall was asked about the
possibilities of German competition in
machinery in the future. He stated
that in his opinion it would not be q
deciding factor. While Germany may
be able to undersell American manu-.
facturers in heavy machinery because
of her dumping policy and geographical
location, which means low freight
charges, in light machinery American
manufacturers, he said, can be as
sured of a good market because OF
Italian preference to machines made ir
this country because of superiority ir
quality.
New-York tribune., 1919-07-24
Textiles
C0nuerters accept Orders
for Cotton Goods Rum
ming Into Next Year

Cotton textiles were in brisk demand
yesterday, but actual buying was re-
stricted to the scarcity of offerings.
Converters of finished fabrics accepted
large volume of orders for future de-
livery, some Of the business running as
far ahead as next June. Fancy white
fabrics for making women's dresses
and waists were in strong demand.
Buyers were not permitted to place
all of the orders they desired, and in
number of instances they were
frankly told that their contracts would
have to be trimmed down considerably.
A good deal of business was done in
odds and ends, which were quickly alb
sorbed at prices close to those de-
manded for the regular staple lines
Most of these irregular lengths were
bought for the purpose of being dis
posed of at bargain sales.
Sentiment in the gray or unbleached
goods division of the market exhibited
marked improvement, and demand also
increased in fair way. All of the Of
ferings of these fabrics that were put
out by second hands, or spectators, as
many in the trade characterize them,
were quickly taken up by strong in
terests who, it was stated, will actually
convert the goods,
New-York tribune., 1919-07-24
Apparel Buyers
Still Uncertain of
Prospects for Fall
Purchases of High Priced
Garments Still Brisk:
Manufacturers Predict
Decreased Production

Women's apparel manufacturers ex-
pect the retailers will continue their
fall purchases for four weeks more
stleast. The buying wave. which set
in the first week of the present month,
continued unabated yesterday, al
though manufacturers are not agreed
concerning the attitude OF the buyers
toward the present market.
Both manufacturers and retailers
confess that they are working in a
cloud and that present conditions
are anything but favorable. No one is
sure about future price trends or the
prospects of an increased production
of merchandise. The abnormally high
nrices, whether justified or not, have
had the effect of decreasing the amount
Of merchandise that many retailers can
order. Although many of the large
retailers say they are taking all the
high priced garments they can secure.
others insist that they are operating
conservatively and will try out the
public on the new scale of prices be-
fore determining their buying policies
for the remainder of the season.
Most manufacturers insist that the
shortage Of material and scarcity and
high prices of labor mean less mer-
chandise and higher prices throughout
the entire season, but not all of them
are advising their customers to place
orders for full seasons REQUIRE
ments now
Soaring prices asked for textiles and
garments are worrying the retailers,
according TO Alfred Fantl. resident
buyer who represents more than 100
large retail concerns in all parts of
the country.
Every one is wondering where high
prices will stop he said yesterday.
"and all are asking if relief is in sight
and if there is a possibility of lower
prices in the near future.
personally l believe that there is no
immediate relief in sight and that
prices and wages will remain high for
an indefinite period. So far as the
garment trades are concerned, desirable
merchandise cannot be procured for de-
livery earlier than two or three months
hence, and in great many instances
manufacturers are without raw mate
rials and are refusing to accept any
more orders. This applies to coats,
suits, dresses and in some Instances to
waists. In the raw material market
prices on silks are climbing higher
every day, and it is any mans guess
as to when the upward trend will stop.
ut would appear as if the limit in
high prices has not yet been reached in
certain classes of merchandise, while
in other instances l am inclined to
think that prices will stay firm just so
long as the demand keeps up. | doubt
if the demand for raw materials as
we'll as the finished products in the gar
ment and kindred trades has ever been
as brisk as it is to-dav."
New-York tribune., 1919-07-24
Siberian Farmers
In Market for Tools
President of Credit Union
Wants to Exchange Rubles
for American Machinery

Approximately 1,127,ooo Siberian
farmers, all members of the United
Credit Unions of "Synoredsoyooz"
with backing Of 614,5O0,0OO rubles,
are in the market for American ma
chinery and tools, it was announced
here yesterday by the American Rus
sian Chamber of Commerce.. G. N. Ber-
seneff, the president of the unions, has
come to this country to obtain tillage
and harvest devices, saw mills, grain
mills, tannery machinery and equip
ment for blacksmith and repair shops
Mr.. Berseneff, in explaining the OBJ
ject Of his visit, said that he repre-
sents 1850 local Siberian Credit
Unions, whose membership is limited
to peasants and the male heads of
households and whose function is to
furnish loans to farmers. The work
was established prior to the war, he
said, with the support of the Russian
government, and was eminently sue
cessful. Its assets to-day, he said, con-
sist Of merchandise, real estate, fac
tories, loans to members and cash on
hand. Besides assisting the peasants
in developing the soil, the unions,
which are united under one central or
ganization, also facilitate the distribu-
tion and shipment of farm products
to market.
New-York tribune., 1919-07-24
OPEN LETTER TO ALL BUSINESS con-
GERMS WHO WISH TO EXTEND
THEIR TRADE IN THE STATE OF
ALBANIA

sir:-I. being a resident Of Albania and
educated In American engineering institu-
tons possess the impression that American
ideas should be extended in the countries
which do not possess any standa rdized
methods for their further development
Since ! am about to establish myself in
Albania. in the consultations of various en-
gneering projects. would Ike to come IN
contact with firms that manufacture and
supply engineering equipments. especially
in the following branches.
Manufacturers Of: ta)-Surveying and
Geodetic Instruments. tbl-Steam electric
and sheet railroad equipment. both for their
construction and maintenance. (c)-Sieel and
concrete for structures such as: roofs rail-
read and highway bridges, arches. buildings
etc td(-Detail parts OF sewers and drain
a se equipment FOR highways also the Ameri-
can plumbing. (e)-Mao ohinery for: Hydraulic
and power development. cultivation and irri-
ration tractors, trench digsers and concrete
mixtures both for highway and building con
structior. f)-Automobiles. both pleasure
ears ana trucks.
All firms. therefore, who may be interested
IN extending their influence In Albania OF
any part OF the Balkan peninsula kindly
send me their catalogues which describe ths
objects and their cost. to the following ad
dress: CONSTANTINE c. MANN.
70 Concord So, BOSTON. Mass
New-York tribune., 1919-07-24
Production of Women's
Knitted Underwear C,Irtailed

Retailers who are trying to replenish
their stocks of womens woven cotton
and silk and in knitted silk underwear
are said to be having difficulty in get
ting manufacturers to accept orders.
Fully third of the producers of such
garments in the local market have
withdrawn their lines from sale, an
nouncing that the factory capacity has
been sold up until next January. Others
state they are withdrawing more sam
Piles every day and that within month
or so it will be almost impossible to
find an underwear manufacturer in
this market able to accept orders for
delivery this side of January.
The present situation is the result of
the silk shortage and the scarcity Of
labor, according to the manufacturers.
Production has been curtailed, while
the demand has increased. Prices are
advancing daily, but this has not
checked the buying activities of the re-
tailers, they say.
The retailers report that their stocks
are low and that they need goods for
immediate use. Buyers in the market
yesterday were requesting October de-
liveries at the latest.
New-York tribune., 1919-07-24
Chemicals
Bichromate OF Soda Up
on Heavy Buying for
E1p0rt

Owing to heavy export demand BIZ
chromate Of soda sold yesterday at
S1a to Ss4 cents pound, a new high
level. Prices during the first part Of
the week were and 7N cents q
pound. Their is also large domestic
demand for this substance from tex
tile mills. 1t is confidently expected
that bichromate of potash will advance
sympathetically with the rise of BIZ
chromate of soda
White powdered arsenic scored a
further advance, leading dealers quot
ing it at 9ia to 10 cents pound. The
demand for benzol, especially for
motors, was strong, with prices at "a
to 2S cents gallon. A large demand
from Europe for motor benzol is re-
ported
New-York tribune., 1919-07-24
Colors
Purchases Of Dye Stufs
by Textile Mills Shoe
Steady Increase

Dealers yesterday reported an in
creased domestic demand for dyes from
textile mills, printers of cotton goods
and the tanncrics. Purchases by the
textile mills of New England, most of
which arc running at full capacity, are
said to be increasing from day to day.
Calls for imported Swiss colors con-
tnucd strong with the supply on hand
still limited in the absence Of fresh i'm
ports Of any size. Direct black and
direct blue were actively sought, with
prices for both holding around 81 n
pound. One dealer said that prices for
these colors may reach even higher lev
els because of the strong export de-
mand He stated that prior to the war
direct black could be bought in any de-
sired quantity at 13 cents n pound.
New-York tribune., 1919-07-24
Business Money

offered by collateral call loans, which
have ruled at to Is per cent and
higher in some instances.
The situation in the bank acceptance
market has been such in recent weeks
that comparatively few bills have been
sold in the open market to member
banks, most Of the sales having been
made to Federal Reserve Banks. The
last combined statement of the twelve
Federal Reserve Banks as of July 1S
showed bills bought in the open mar
kct amounting to $372,353, 900. AS of
May 20 the purchases amounted to
$1S3, 900, the increase during this
period having amounted to $1SS, ,703,-
900. The last statement of the Fed
er.l Reserve Bank of New York showed
acceptances bought aggregating $751;
562,517, an increase of about 45,OOO-
900 since the end of May.
The acceptance market is expected
to show greater activity in the event
that rates on Stock Exchange call
loans are kept from soaring again to
the recent high levels. In normal
times when call loan rates are low
bank acccptances are considered a
prime short term investment by the
banks.
New-York tribune., 1919-07-24

Borrowing for commercial purposes
continued on a comparatively light
scale, and the commercial paper mar
ket held firm on 51a per cent basis.
few prime bills are still being dis
counted at 5A per cent, but such trans
actions are few and far between. Deal
ers look for a somewhat more active
market for bills next month, since it
is quite certain that the credit needs
in many lines will expand with the
approach of the fall season. While a
great deal of business is on straight
cash basis at present because Of the
shortage Of goods in many lines, the
high prices ruling for goods generally
make necessary the employment Of a
larger amount of capital.
An interesting development yester-
day was the advance announced in
rates on eligible members and eligible
non-member ninetyday bank accept
nnces. The advance amounted to 1-16
of l per cent and represents an at
tempt on the part of the dealers in
these bills to revive business. During
the last few weeks the demand for
this class of acceptances has been ex-
tremely light owing to the competition
New-York tribune., 1919-07-24
.Jewelrv Exports Small

Jewelry valued at S72,124 was ex-
ported from the United States during
the month Of May, according to statis-
tics made public yesterday by the De-
partmcnt Of Commerce. Canada was
the largest importer, it's jewelry pur-
chases for the month amounting to
$22,895, while Spain bought to the ex-
tent Of s16,l48. Chile, which imported
1881 of the jcwelry, was the largest
South American buyer.
Exports of watches and necessary
parts thereof during May amounted
10 S2G5, ,OO9 OF this amount English
imports amounted to $92,331 and those
of Canada S87,327. Switzerland also
visited the market and purchased $685.
843 of goods.
New-York tribune., 1919-07-24
Will Open Bids To-day
Navy Officials Look for High
Prices on WOoIIens

Bids for heavy and light weight navy
blue cloth, serge, venetian ana blue
denim, surplus material now held by
the navy, will be opened in the Office
Sale at the New York Navy Yard this
morning. Navy officers expect good
prices will be realized for the ma
terials, Judging by the bids received
for similar fabrics sold by sealed bids
and in open auctions last month. High
minimums we're set by the officials.
The goods offered include 150,700
yards of 30-ounce navy blue cloth, ST.
900 yards of 1S-ounce navy blue cloth,
100000 yards Of 9-ounce all wool navy
blue serge, 100000 yards OF 6-ounce
cotton warp navy blue serge. 100000
yards of black venetian or lustrine,
and 244,O00 yards Of navy blue denim.