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New-York tribune., 1920-02-01

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New-York tribune., 1920-10-10
Developments of Importance
Expected In Primary Marts
Trade Throughout Country
Will Be Called Upon to
Withstand Maturiiies of
Bills for Fall Merchandise

Developments of wide Importance are
expected in the wholesale dry goods
markets this week The trade through
out the country will be called upon
to withstand maturitics Of bills for fall
merchandise purchased on October
dating. In the melee Of falling prices,
returns and cancellations, selling
agents have lost much of their patience,
and if their statements of intentions
are correct the buyer who looks for
lenicncy will be sadly disappointed.
In other directions Their are indica-
tions that prices are falling with much
less rapidty than they were a few
weeks ago and that the policy OF de
fcrrng purchases has been pursued to
a point where the shelves Of retail
ers and jobbers are close to being bare
On the other hand, retail business,
while not particularly brisk, is pro-
ceeding at much more rapid pace
than is wholesale trade. Taking all
these indications into consideration,
cool heads in the trade believe that
a revival of business is imminent; that
if the jobbcr and retailer intends CON
PEELED because Of the need for new
merchandise to come into the markets.
The curtaiment in production, which
appears to be growing rather than pro-
cecding. argue the trade leaders, nat
urally tends toward a short supply of
merchandise compared to normal times.
New-York tribune., 1920-10-10
Wheat Receivers
From Slump and
Holds Its Gain
Decline Follows an Early
Rally, but Confidence Is
Renewed on the Report
of a Plan to Hold Grain

Although the wheat market had a
frmer opening, it was not considered a
full response to the bullish government
report, and from opening levels, which
were about l &c to &c higher, there was
q subsequent drop of 4Rc to sc a
bushel followed by return of con-
tidence and new buying that carried
prices back to highest levels Of the
day, at which they closed, representing
4hc to 81 net advance
The Improvement was led by strength
in the Canadian market, and reports
from the West to the effect that farm
ers in this country and Canada have
set October 25 as date on which to
stop sales OF wheat until the prices
reaches SO bushel. There was buy
ing by cash houses, but most of the
demand came from shorts who felt
that after such big break as the
market has experienced recently, it was
entitled to advance.
Export demand is still being supplied
by Canada, and bears anticipated a
renewal of hedge pressure as the do
mestlc movement increases. Various
rumors were heard as to the posi-
biHty Of Canadian wheat control in
view of the decline in prices, but both
Winnipeg and Ottawa denied that the
government had any intention of TAX
ing over control of the wheat market.
AT Chicago there is still agitation over
the possibility of manipulation in
wheat, but it is generally considered
that grain markets arc merely expert
encing the same reimbursement that is
gong on in all other commodities.
Cash wheat in the local market was
ilrm with No. red quoted at $226a4
and No. hard S2.263l spot, c. i. f., track
New York.
New-York tribune., 1920-10-10
Decline i'm Wool Sends
Up Prices for Leather
Glove Manufacturers Feel the
Effect of Slump i'll the
Cloth Trade

Lower prices for wool have run up
prices on some of the principal leath-
ers used by American glove manufac-
turers. Formerly the glove manufac-
turers, who import most of the sheep
and lambskins that are used in their
industry, had their tanning done at
little cost, the tanner taking the wool
from the skins as part payment for
his charges. With the market for wool
extremely narrow. and the price at Il
low point, tanners now arc charging
the glove manufacturers stiff price
Tor processing the leather.
Because of the remote sources of
glove leather and the lengthy period
required in transportation, recent drops
IN hide prices have not yet been re-
flected in gloves Skins being re-
celved now viii not appear in gloves
before next fall. The skins that went
INTO gloves for sale this fall were
bought full year ago before prices
Ir'ched their peak. Abysinnia, South
Africa and Spain are. now the prin-
clpal producers of the skins that arc
used here in the manufacture of gloves
Before the war The principal source
was Russia. Imports of skins from the
latter country have fallen to an ex-
trcmely low point and purchasing
agents of American glove concerns re
port that competition in buying in the
remaining markets is still keen al
though skin prices are on the down
ward trend. AT present it is almost
impossible to import skins from Spain
due TO an embargo on all hides placed
by the Spanish government in an eff
81, ch
dustry No differentiation is made be-
tween hides suitable for gloves and
these used only in the manufacture
Of footwear.
New-York tribune., 1920-10-10
New Prices Upset Plans
Manufacturers Calculations Dis,
turbed by Declines

New low levels in the cotton and
woclen yarn markets have upset the
calculations of manufacturers using
sucn yarns, such as producers of cloth,
knteed underwear and hosiery. The
drop in cotton yarns has been partcu-
larry .precipitous lately and it is re-
ported that some spinners, in order to
get business, are quoting prices based
upon 20 cents a pound for raw cotton,
anticipating still further drops in the
raw fibre field, The same development
has been apparent in wooden and wors-
ted yarns. Lower prices for good
grades of raw wool hold out some hope
to those cloth manufacturers who have
been insisting that present prices for
cloth are below the cost Of produc-
ton, based on present raw material
and labor costs. 1t is noted that lower
prices prevail at the Australian auc-
tlons and that London has gone Aus
tralia one better in low prices for high
grade Australian wool
New-York tribune., 1920-10-10
decline i'm Cotton,
Puts 1 'E'ices Near
Recent Low Record
May Contracts Again Sell
at 20 Cents and Other
Deliveries Close Weak
on Trade Uncertainty

Nearly all that remained Of the mid
week recoveries in cotton prices was
lost IN yesterdays trading. Nav con-
tracts, indeed, broke back to the low
record of last Monday, selling at the
1Vc level once more, or SO points net
lower, while December declined 70
2o9Oc, or "a points below the closing
price Of Friday, 200 points below the
nigh price of Thursday and within 40
points OF the p revious ow record.
mat delivery closed at posse, with
0Vher positions at approximately the
lowest point of the day and with the
tome OF the market easy at n ct de-
cline Of 40 to 70 points.
ne weakness seemed chiefly the G.
suit cf increased hedge selling. So
TAR as can be learned there has b cen
no Improvement in the demand from
either oreign domestic mills, but
dealers in spot cotton are showing a
Willingness to buy at the present
basis; that is to ay, at the p resent
relation between the price Of Deem
Der contracts here and the price Of
spot cotton in the belt AS rapidly as
1ney buy, however, they are selling De
cember contracts against their pur-
chases' probably expecting that spots
VIII command a larger premium over
the contract later on, and the i'm
pressed hedge business reported in the
Southwest late yesterday. This pres
sure, combined with tho discouraeing
news from the goods market and the
favorable weather in the South, evi-
IDENTIFY disturb midwec'; buyers, and
there was liquidation on stop orders
Manchester cables reported in
creased curtailment among weaving
10, 7
England advices said that domestic
mill curtailment next week would prob
ably be as heavy as at any time since
the beginning of the movement.
The local market for spot cotton was
quiet and so points lower at 2Ac for
middling. No sales were reported.
The range OF prices follow
New-York tribune., 1920-10-10
Predicts Steady Cain
In Leather Industry

Steady Improvement in the
leather and shoe trades during
the next three months, especially
following the election, and pros
perity for 1921 are predicted by
Richard Young, president of the
Richard Young Company, one of
the large factors in the leather
trade. Good crops and high wages
presage prosperity, he believes.
Speaking specifically Of the leath-
er and shoe industries he says:
Il think prices have reached
bottom. Finished leather in near
ly all lines is now below replace
ment value. Tanners and shoe
manufacturers throughout the
country are not averaging more
than so per cent Of normal pro-
duction. Il think the stock Of
shoes in the hands of wholesalers
and retailers is not over-large
and is rapidly being depleted, and
when they enter the market in
the near future to replenish they
will find the manufacturers un-
able to meet their demands for
prompt delivery. Due to four
profitable years in the shoe and
leather industry, the manufacture
ers have been able to withstand
the great financial strain through
which they have passed, and it is
greatly to their honor and to the
banking system of the country
that there have been no failures
of moment"
New-York tribune., 1920-10-10
HOLIDAYS This Week

Monday-ln Brazil Estate of sergipe),
Hong Kong.
Tuesday-In Argentina, Brazil, Co.
ombia, Costa Rica, Dominican Rcpub-
lic. Ecuador, Guatemala, Honduras,
Nicaragua. Panama, Paraguay, Peru,
Salvador, Uruguay.
In the United States-Alabama Ari-
IONA, California, Colorado, Connecticut
Delaware, Idaho, Illinois, Indiana, Kan
sas, Kentucky, Louisiana, Maryland,
Massachusetts, Michigan, Missouri
Montana, Nebraska, Nevada. New
Hampshire, New Jersey New Mexico,
New York, North Dakota, Ohio, Ore
gon, Pennsylvania, Rhode Island,
Texas, Vermont, Washington and West
virginia; also in the territory of Porto
Rico.
Thursday-In the Don Republic,
Mauritius, North Russia, South Russia,
Siberia, Ukrania. In the United States
-Alabama
New-York tribune., 1920-10-10
Court Decision May
Affect Retail Prices
Lever Act Expected To BE
Argued This Week; Hughes
Il Counsel

Developments that may have far
reaching effect upon retail prices are
expected this week, when the Supreme
Court of the United States will take
up the consideration of the Lever act.
Charles f. Hughes is the leading
counsel for the National Retail Dry
Goods Association. Although the case
is scheduled to como before the court
tomorrow, it is probable that it will
not be reached until later in the week
Among the interesting questions that
are likely to arise are whether the re
tailers are entitled to mark goods at
replacement costs, whether costs
should be averaged or whether retail
selling prices must be based on actual
cost prices.
New-York tribune., 1920-10-10
Government Is Urged to
Protect U. S. Business Men

The ease with which unscrupulous
foreigners have been able to mulct
American business men Of millions of
dollars through fraudulent deals has
led }. Harry Trcgoe, secretary
urer Of the National Association of
Credit Men, to urge that the Federal
Administration establish some basis of
discrimination to protect merchants
against those who take advantage of
Americans who are liberal in their
trade transactions with newcomers
here.
A warm welcome should be extended
oforcigncrs who genuinely appreciate
our free institutions, but hospitality
should be refused the thief by instinct
the bandit by occupation, the low-thinl-
ing person who comes here to prov
upon business men whose temperament
is to be liberal in dealings with
strangers to these shores, declares the
credit authority.
New-York tribune., 1920-10-10
IS, 3,O00.0G0 Gold Note OTer;,o

A syndicate composed of Merrill.
~ Es aS HSm " Co., Of New York. and the
TederaI r Securities Cooperation and
FIRST Trust and Savings Ban kof ~; I,t4
cC@go. is Offering to investors q nsty
issue OF SO 100000 per cent ten-vns,
sinking fund gold notes of the IiGn15
Carbonic Company Of Chicago. T5js
company, organized in 1885. is He
worlds largest manufacturer of soda
fountain and drink dispensing deqjcrs
bo'tllns machinery carbonic acid gas'
syrups' crushed fruits. extracts and
New-York tribune., 1920-10-10
'RaW Silk Stocks Steady

Stocks of raw silk In the hands of
importers, dealers and silk manufoc-
turers in New York on October | re-
ported to the Silk Association of
America, showed but little increase
over such stocks on September |. des-
plte the curtailcd production Of the
silk mills. On October stocks totaled
3l,523 bales, against SILL on Septem
Der l.
New-York tribune., 1920-10-10
Wool Supplies in Aleppo. SYRIA

a cabIogfam from Aleppo, Syria.
says that the total quantity Of raw nm,
washed wool in the Aleppo district is
2,32l 600 kilos, OF which SO per cent is
high grade and 20 per cent low grade
rms IS about half the quantity avail
&ole III normal times. Al present there
~ lrrlof same.
New-York tribune., 1920-10-10

Rae Sugar Sells Higher
For Nearest Deliveries

F.It
c; prices. ago.
- W. a. ITanuiNteN, l ID. IL ~ 3
Coiee. Bio No. ,......-.. - % IS
Coifee. Santos No IT,. 22*, q 2s7s %
Raw sugar sold slightly higher for
near months yesterday, but later
months were easier. Trading became
more active after 1Fiot onrning and
New-York tribune., 1920-10-10
covering by shorts provided most Of
the demand, which carried values
higher.
Tho range OF prices follows
ITri1nv'p
Coffee Tuturcs--The coffee market c

Nonee futurcs-The CONGO market con
tinues to drag along from day to day
without much change either way, the buy
ing being limited and prices considered
too low to warrant aggrogatve selling. Just
before the clos" there Was little trade
pressure and prices sagged to points
tho market closing net unchanged to
decline of points
The range of prices follows:
New-York tribune., 1920-10-10

Western MARYLAND Seeks Issue

Western Maryland Railroad Com
pany has applied to the Interstate
Commerce Commission for authority
to issue S2,70o.oo0 first and refunding
mortgage bonds to be deposited with
W-N'Selor for monevs advanced.
New-York tribune., 1920-10-10
Livestock, Meats, Provisions

Live beef fair to ''' ago
prime. 100 lbs. $l3.OOmI7.lO Sl3o50I6 OK
d { e beef
sides. III. III. .l5@ % .ls@ .2s
mon to prime
D 4oo y lbs. Il. ! -; l5.oo0s2.oO l7oo@a4oo
,.,. CITY ais.. ls. -, .s4@ .aa .s4e .a5
plss..5 lss ,....... a.Qoq $50 4.soo $50
city, lb...... .0Su Is .o9m X
Lave lambs, lair
20 prime. 100
!, ,lls;.d lbs. l90O0l4OO ls.oo0l5.25
,,. city. ID .;.... .go@ 80 POO .2s
Dressed n $ 80
\, s bacon. lb .g53s@.25as .284Q.2sa
Ness pork, bbl. S1.o0G52.0O 43507 =
Ness beef bbl. @ 90 laeq 10 % m es ., n,
i-yri ~ G a ''
=. .n iA.
New-York tribune., 1920-10-10

This Graphic is based on
the statements filed with
the Post Office Department
as required by the Act Of
Congress Of August "a, 1912.
New-York tribune., 1920-10-10
Philadelphia
Bonds


$4,000 FL & p TT As "a 54 50 "a
5000 Ph Elec lst 6s S2la VIZ S2la S2la
New-York tribune., 1920-10-10

Sales Open High Low r.s+
5000 Pa Wa Pow 5s sS1s sSs S8ls SSis
5000 Tn Ry 4s.... Ga ga Ga 64
5000 do incomes. 4S4 4S14 4Sit 4S1,
New-York tribune., 1920-10-10
Standard Oils
Other Oils

800 % ..Angi0-Am -, q = m o; 2lA % 21z %
~ Union Tank l. 113 10 -
Gilpin observer., 1920-12-16
Little Chance in Toys.

The North American Indians of to
day are playing-barring the few
American toys which find their wa.
into the reservations-wth the same
sort of toys that the Egyptian chill
dren cried, laughed and fought over
An Indian rattle made OF the skin OF
snake filed with small pebbles and
decorated with n feather. bits of col
ored cloth and thongs Of deer skir
Is exactly the same in principle ant
little different in makeup from tn,
rattles of the ancients. The copy OF
warriors shield of skin stretched
tnut over reed frame, which is tn,
Joy of many an Indian boy is mad,
In exact reproduction of that of hi,
father even to the designs and color,
used in Its decoration.
Gilpin observer., 1920-12-16
Mr.. Gratebar's Trouble Test.

Could there be any better proof of
the lnsubstantial nature OF most Of our
troubles than is found In the fact that
old troubles are completely brushed
away by new? We may fret and both
er and worry over something for days,
and even lie awake nights over It II
we must; but let some new trouble.
real or imaginary, come along and
straightway we forget the old one en-
tirely, showing conclusIvely that the
old one was never worth worrying
over. We've all had that experience,
haven't we? Surely. And the chances
are hundred to one that this new
trouble that has popped up isn't worth
any more serious consideration than
the old one which II has dsplaced.-
New York Herald.
Gilpin observer., 1920-12-16
Resin on the Violin.

One of the queerest superstitions
about the violin is the Idea that the
resin should be allowed to accumu-
late and cake under the bridge, with
the idea that this improves the tone.
Clogging the surface of the belly of
the violin with foreign substance
can only be detrimental to the tone
II the resin which accumulates under
'he bridge is busted Off with cloth.
after use, from the time the violin is
new, the varnish will always retain
Its beauty and luster. II left on II
ruins the varnish in time and forms
Nm unsightly cake under the bridge.
This is injurious to the violin and to
its value. Thousands OF people imag-
Inc that the more unslghtly an old
violin Is the greater Its value. This
is a. great mistake. Old violins. like
old coins, are much more valuable
when well preserved. A good or bad
state Of preservation in Strndlva
rius violin, for instance, might make
q difference OF several thousand dol
iars In its selling price.
Gilpin observer., 1920-12-16
curativ. Power a Mystery.

1t is curious fact that no one has
ever been able to discover why the
Hot Springs waters are so beneficial
They contain no chemicals that are Of
special value so far as can be discov.
cred. It Is claimed by some that ra.
dioactivity is the secret OF their effect
Others say that their benefits are
purely imaginary. This can hardly be
the case, however, for men have been
coming to the springs for hundreds of
years and going away feeling stronger
and younger. The Indians made them
a neutral place in time of war. The
early settlers travelled for many days
through the wilderness to reach them
They were probably the fountain OF
youth, rumor OF which started Ponce
de Leon on his travels. And today
they are one Of the favorite places Of
recreation and recuperation Of thal
modern hero, the weary business man
Gilpin observer., 1920-12-16
Make Toys to Suit All.

From the ball and string OF the
baby to the practical Juvenile wireless
apparatus or electrical train or toy
or the scroll saw or the sewing ma.
chine. the range and variety for the
boy or girl Of sixteen is so. great as
to make full description prohibltive
because of space. II Is sufficient TO say
that American toy manufacturers have
so thoroughly learned the real needs
Of American children through care
ful study Of the subject that they now
provide the proper toy or playthInr
or doll for the needs, entertainment
and educational advantage Of children
Of all ages and both sexes
Gilpin observer., 1920-12-16
FOUGHT TO HELP INSANE
New England Woman Pioneer Of One
Of the Worthiest Causes Ever
Engaged In.

A New England woman, single hand.
ed, and in the scenes where Puritan
ancestors had heartlessly condemned
witches-old woman suffering mental
ailments-made the fight which open
ed the way for insane asylums in
this country as they are known today.
The woman was Dorothea Lyme Dix,
who ran away from her home In
Worcester, Mass, from religious ia.
natic Of a father. The beginning Of
the nineteenth century saw only four
Insane asylums in this country. only
one Of which had been built by state
direction. The scores operating to-
day for more than 100000 insane are
the work of this woman, who, in later
years. passionately cried, II never
knew childhood" and who, at fourteen.
taught school, her sleeves heightened
and her skirts made longer In a pitt
ful attempt to appear "grownup" and
command due respect "by an adult ap-
pearance."
In 1S41 she visited the house Of
correction in East Cambridge. What
she saw there started her on tour
Of the jails and almshouses Of Mas
sachusetts. Her memorial to the state
legislature asking for reform pictured
conditions as squalid and revolving ms
though from the pen Of Dickens.
Gilpin observer., 1920-12-16
Amber Both Jewel and Medicine.

Although It is sometimes denied
that amber was known to the Greeks
In very early times 1t has actually
been found at Mycenae, and the fact
that the electron necklace mentioned
In the Odyssey is said to have been
a gift from Phoenicia means much
Amber has been used In medicine
since the time Of Hippocrates; for
merly 1t was prescribed in powder
and given In poached egg. The VIOLA
tile" salt obtained in the process Of
distilling the oil was, states the Chem
list and Druggist, another favorite
form. The oil of amber referred to
Is obtained by the destructive distilla'
ton of amber. 1t is considered by
medical authorities today to be sue.
cessful remedy for the hiccough and
typhoid fever. 1t is employed In an
other form for painful spasm and de
llrium tremens. 1t also forms AN ele'
ment In well-known domestic EN-
brocation for whooping cough.
Gilpin observer., 1920-12-16
Jerusa alem,

The broad moon fingers on the sum
nit of Mount Olivet, but its beam has
long left the garden of Gethsemane
and the tomb OF Absalom, the waters
OF Kedron and the dark abyss of Je.
hoshaphat. Full falls its splendor how
ever, on the opposite city, vivid and
defined In silver blaze. A lofty wall,
with iurrets and towers and frequent
gates, undulates with the unequal
ground which II covers, as II cncIrcles
the lost capital of Jehovah. 1t is II city
of hills far more famous than those OF
Rome. Jerusalem by moonlight 'Tls
fine spectacle, apart from all Its
lndissolublc associations of awe and
beauty The mitigating hour softens
the austerity of mountain land
scape magnificent In outline, however
harsh In detail, and. while II retains
all It's subllmity, removes much of the
savage sternness of the strange and
unrlvaled scene.-Benjamin Disraeli.
Gilpin observer., 1920-12-16
SHOWED HIM HIS VOCATION
But for Fortunate Happening Burglar
Might Nevsr Have Suspected
Possession Of Talents.

Little things, apparently insignif
cant in themselves when they happen
often determine ones career. Take
my own case. for instance, II may
Overstep the bounds of modesty te
cite shining example.
1t was the simplest of things that
showed me my true vocation. Had II
not been,for this incident ! might have
never known the powers-aye. the tai
ent-which lay dormant in me.
was coming home one night-one
OF those misty, wet nights-rather
late. The houses on my street are
as similar as one pea is to another
| entered what thought was my own
house and felt my way upstairs in the
dark. went into my room and turn.
ed on the light.
A charming-looking girl was In bed
and she sat up with look of terror
on her beautiful face, forgetting that
she presented very pretty picture.
She screamed.
Miss, I beg of you to keep quiet"
I entreated.
"Oh!" she walled Here, take my
rings and my watch and be kind and
leave me, please"
"Don't yell SO. There is a mistake.
I thought this was my house."
"Oh. please got" she cried, her voice
growing hysterical. "Here is all the
money have. Now, will you go?"
But be quiet or"
~ shall scream In a minute" she
cried, and I realized in second she
would be beyond reasoning with.
And that is how came to enter the
profession where ! now shine with the
best of them.
am a bang-up burglar.-New York
Evening Post.