davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-08-20
Seattle Warned Against
Hostility to Ship Board
Benson Says Loyal Support of
Business Institutions of Home
Ports Is Necessary

WASHINGTON, Aug. 19.-Cautioning
the business interests of Seattle against
hostility toward the policies of the
Shipping Board, Chairman Benson, in a
letter to C. J. France, executive secre-
tary of the Port Of Seattle, made public
tonight, said ALLEGATION of the boards
vessels is contingent upon the loyal
support of the home ports chosen.
The letter was in reply to a COM
munication from Mr. France urging
suspension of the provisions of the
merchant marine act permitting prefer
ential rail rates on cargoes for ship
ment i'm American bottoms.
ut is absolutely essential that the
ships of the board have the loyal sup
port of the business men and institu-
tions of home ports the chairman
said. in view of the hostility toward
the boards policies with reference to
an American merchant marine. indi-
Gated by the trend of your attack and
by the further fact that full page ad
vertisements against its policies have
appeared in Seattle papers, we feel
constrained to ask whether such senti-
ment is representative of the view of
the business interests in Seattle or
simply results from efforts of foreign
carriers and hose primarily inter
ested in their welfare.'
New-York tribune., 1920-08-20
Revenue of Big Four Lines
Drops $3.O79.677 for Nea

CHICAGO, Aug. 1o.-The annual re-
port Of the Cleveland, Cincinnati, Chi
cago d st. Louis Railway (Bg Four
Llnes) issued to-day, records decrease
OF 35 ,522,926 in the car mileage for the
year, and a decrease of 1,O2o, $50. .625
tons in freight carried one mile. Net
operating revenue for the year totaled
Sl6'l29 ,OO445, a decrease of S3,O79.-
o77.O7, compared with 1918. Despite
this, says the report. the company
earned considerably more than the
compensation allowed it under the
contract with the government.
The net income of the Michigan Cen
trail Railroad, another of the Wander
bilt properties, was S2l ,O02, ,57l76 for
1919, an increase of $3,522 $50. 80.
The Pittsburgh & Lake Erie Rail
road, another Vanderbilt line, showed a
net revenue Of only $4,106.S .03 for the
year. q loss of $6.520, ,20G.70 from the
1918 returns
New-York tribune., 1920-08-20

Selling Unfinished Goods
Cotton Cloth Converters Try to
Save Something

The prolonged dullness in the finished
cotton goods trade, particularly in nov
city, wash goods and other converted
fabrics. is leading some of the smaller
converters to offer their stocks of gray
or unfinished goods at the second
hand market at present low prices
According to cotton cloth brokers. many
OF these converters feel they are faced
with a loss on either their gray or
finished fabrics. and prefer to lose on
the semi-raw product rather than to
add finishing and printing costs to
them before offering them to buyers.
In finished cotton goods there is some
demand appearing for standard all-the-
year-round goods, such as bedding and
table furnishings, staple muslins. etc,
for Immediate tso. Some merchants
who are running low on these materials
are picking uD odd lots throughout the
market which can be shipped immedi-
ately. One dealer is reported to have
refused goods that could be shipped
September 5 because he needed them
earlier
New-York tribune., 1920-08-20
Norway Bars Lnxuries
Importation Of Autos and Dia-
monds Forbidden

CHRlSTIANIA, Aug. 19.-Importa-
tion into Norway of articles of luxury
such as automobiles, diamonds, laces,
paintings, pianos and monographs is
forbidden by a government order ef-
fectve to-day.
The list Of forbidden imports also
includes silk, jcwelry, watches, furni-
turc, furs, patent leather shoes and
motorcycles. The action was taken in
order to halt the decreasing value of
Norwegian money, largely caused by
overwhelming imports, while exports
declined. American trade is thereby
restricted. as the greater part of the
articles named have been imported
from America.
The high dollar rate had already
restricted the purchase of American
goods. The rate to-day was 6.67 kroner
to the dollar, as against the normal
rate Of 3.T2
New-York tribune., 1920-08-20
Cotton Continues
Downward; Breaks
SIS to SO a B a e
December Contracts More
Than $40 Under Wednes-
days High; Liquidation
Is Checked by Rallies

There was a further decline of be-
tween SIS and Sc bale in tho market for
cotton futures here yesterday Reac-
tionary sentiment was considerably in
evidence during the morning, but no
confident buying developed, while mod
crate rallies seemed to meet increased
offerings and the selling was said to
include liquidation of contracts pre-
viously held by manufacturers against
forward sales of yarns or goods.
The price of December contracts
broke to 26.75 under the pressure, or
1875 points under the closing quota
tion of Wednesday and more than $40
a bale below the high level of Wednes
day morning. That position closed at
26.9G, with the general list closing
barely steady at net decline of 85 to
104 points.
The market opened at decline of %
to 81 points and sold about 40 to 80
points net lower right after the call
under overnight selling orders, which
were doubtless promoted by the sharp
markets. There was good deal of
covering and buying for a reaction,
however, and the market soon turned
steadier, with active months showing
rallies of some 80 to 40 points late in
the morning
Offerings then increased and the
selling became still more general dur
ing the afternoon, owing to reports
that the South was selling hedges
here against either old crop cotton or
prospective receipts and the continued
absence of trade demand. Early buy
ers liouidated on the decline. which
carried the active months 102 to 125
points net lower, and while closing
prices showed rallies of several points
the tone Of the market showed little
Improvement.
The better Polish news and pros
poets for showers or rains in the
Southwest contributed to the forenoon
rally but evidently made little impress
sion on sentiment, and the late break
was accompanied by reports Of further
declines in the Southern spot mar
kets, which seem to be feeling the
proximately of new crop cotton in the
mand for early shipment.
AS officially reported, the spot mar
kets were nominally unchanged to 100
points lower except for Montgomery,
which marked down the price 575
points to 33 cents for middlng. The
quotations for middlng cotton in the
South now rance from 31.10 at Dallas
to $780, the nominal quotation at
Savannah.
The local market for spot cotton
was quiet and rs points lower at 1925;
no sales were reported.
The range of prices follows
New-York tribune., 1920-08-20
Wheat Sells Lower
In Sympathy With
Other Commodities
Moderate Rally on Liyb,
Country Offerings [o.,
as Weakness of Corn anJ
Export Outlook Continues

The wheat market was easier d,,-;
yesterdays session, and at the closa :,
the day showed nee losses # ~ "
21sc. There was a modera-e ID ~
early on scattered buying. duo - -','ee
ports Of small country offers ard M
ness in the cash position. h.. - IN H.
weakness IN the corn market sns :,
general declining course Of rarv W.
tie commodities had i tendcnc,, =. ~
dermine confidence -"-
Moreover, the export der7ard
slow e0d the weakness II the ~. -. ~.
fo- foreign exchanges ia.a-re~sd 80 -
y n exqoE- operations
Tnc Wlnnirses. market showed /.
clde5lT eesicr tone and prices r. =.
October posiiioa there declined ; -
per basas! end closed 2. S2-6!l,. -
under the level 2 which trs6i-, =
resumed OF wednesday,. w.
Receipts e. primar- points ware or,.
moderate and Offers from the cor,.-!!
were not large, bat it seemed u - =,
consensus Of opinion th7t n, chez
were II favor Of an enlaroeraert !, -,
movement when the higher f-s;rs.
rates % into effect next week 49,
think that the worlds suDDlv s,d ~
mand situation Is strong as 4s~
wheat Is concerned, but there j. ma
deal Of skepticism about the n-obsL;,
lty of an advance in values : ~.
other ommcdities continue tn dec,;n'
as the action Of prices of late !,
thought to show that general re.d
justment to lower levels is TAXI,
place.
In the local cash market No. rod
and hard wheat was quoted at S2.67i.
c + track New York. ~
New-York tribune., 1920-08-20
Business N e w s
credit difficulties 1t was understood
that payment was made in Rumanian
bonds, guaranteed by Great Britain.
Buying Shows Increase
Most Satisfactory Week Re.
ported Since Iune

The merchandising activity report
Tor the current week, issued by the
Credit Clearing House and complied
from observations in checking whole
sale credits, shows more purchasing
,hah last week. an increase in pay
ments and decline in indebtedness.
statement accompanying the report
asserts that it is the most satisfactory
weekly report since June.
In the United States as a whole pur-
chases increased or per cent over last
week, although they are stil.2 per cent
behind last year and 1.3 behind the
same week in 1918. Indebtedness de-
clIned IL per cent compared to last
week, but is per cent ahead of last
year and O6 per cent ahead of 1918
Payments for the week showed an i'm
provemcnt over the week before of a
per cent, but are 5.S per cent behind
1919. Payments increased per cent
compared to the corresponding week
two years ago. The greatest increase
in purchasing was found in the north
agricultural section. The middle agri-
cultural and the Pacific Coast sections
showed a decrease from last week in
purchases.
Manufacturing, which has been dor
mant for some weeks, says the report,
has shown some revival of activity dur
ing the past week, but the building
trades are not showing the activity eX-
pected
"a general feeling of confidence
seems to prevail, and more enthusiasm
is shown by the buyer in making pur-
chases.
Free buying is not yet felt, but
some stock orders are reported, and
quantities purchased to fill in are
heavier than during the past three
months"
New-York tribune., 1920-08-20
Liquidation Urged
I'm Textile Trades
To Fix New Basis
Losses in Fine Silks I'm
avoidable, Many Believe,
Foresecing New Business
Only OH Lower Price Scale

few of the strongest leaders in
various branches of the textile industry
are advising the immediate liquidation
Of stocks on hand and the beginning of
business upon a new price level. An
official of a leading concern in the
primary silk market yesterday urged
that widespread publicity be given the
theory, which has been evolving in the
minds of some business leaders and
bankers, that q lower level of com
modify prices has been established; ;
that some losses on high priced stocks
o. goods purchased before the slump
came are unavoidable and that the
quicker these losses are taken the
quicker will be the recovery in trade.
Something of the same opinion was
vortured by prominent downtown
cotton goods converter. He asserted
that much of the hesitation in plac-
ing future orders among buyers was
due to the impression that a large
amount of high priced goods is hang
lng over the market. Until these goods,
whether they are in large or small in
quantity. are hquidated, he believes,
trade viii be hesitant.
Throughout the textile industry many
manufacturers. jobbers and even re-
tailers are prone TO base their ideas
O the value of goods upon the cost
of production or upon the price they
paid for chem. and they feel that pres
ent price declines are merely tenn
porary. Reasoning from this basis,
they conclude that the revival of busi-
ness will bring about higher prices
and allow them to dispose Of their
present holdings of goods at profit
This, in the opinion of the trade lead
ers in favor Of liquidation, is stagnat-
ing trade still further and but delay
ing the losses that must be taken at
SSrne time
New-York tribune., 1920-08-20
Revival of Silk Here?
Increase in Inquiries Believed
To Be Good Omen

Some branches of the silk trade are
showing renewed activity that many
take to indicate the long expected re-
vivai of interest in silk fabrics in gen.
eral. One of the largest sellers of
schappe and spun silks asserted yester-
day that he had received more inquiries
this week than for the last two months
Ribbon manufacturers also are getting
fair orders and some raw silk dealers
report an increased trading in small
lots. The demand for finished broad
silks, however, is still dull, although some
manufacturers and jobbers who are bent
on liquidation assert that market is
easily found when prices are made suf-
ticently attractive to the buyer
One mill is refusing future orders and
hereafter will sell only from stock. This
is contrary to the established policy of
many of the large producers who are
making silks only on actual orders.
New-York tribune., 1920-08-20
Business Troubles
Petitions in Bankruptcy

Petitions in bankruptcy filed yesterday
in the United States District Court were
as follows:
Weit@man and Abram From, mfg. furriers,
trading as Weit2man 6, From, 155 West
Twenty-ninth Street. Liabilities $40. 900
assets $4,000 Silver &, Mosko WITT, 299
broadway, are attorneys for the creditors
petitioning.
against Isaac and Jacob Kat4, dealers in
frrs. trading as katz Bros. 40 West Twen
ty-eighth St Liabilities. 100000; assets,
$4,000. Silver & Moskowit2. 299 Broad
way. are attorneys for the petitioning
creditors
CHARLEs Observation-Disclosures petit
ton against Charles Wiertz, dealer in
silks trading as the Louvre Mfg. Co. 10
East 10th street. Archibald Palmer. 800
Broadway, is attorney for the petitioners.
Schedules in Bankruptcy
Schedules in bankruptcy filed yesterday
in tho United states District Court We're
SANDER & &MILLER-schodules Of Iy-
furs. trading as Sander &: Miller give
liabilities s32 Coz; assets, Sl4. .490.
SIMON Schedules of ST.
mon Rosenh0ch, dealer in furs, 126 West
Thirty-frst street, give liabilities as ss7
977: assets. 5000, approximately
Assignments
LOUIS BACKEIMAN, dealer in groceries.
at 1900 St Nicholas Avenue, has assigned
for the benefit of creditors to Abraham H.
Sarasohn.
RUDoLPH Stein SCHEDULES & e;n saa in H. the ne
groceries at 9G5 Amsterdam Avenue. show
liabilities s2,6os; nominal assets, $500;
actual assets, S398.
New-York tribune., 1920-08-20
Irish Linen Lower

According to new price list for
cambrics and sheer linens, issued from
Belfast and recently received in this
country, quotations have been lowered
from the high levels of last March. but
are still above January quotations. The
new prices are approximately Is per
cent below the peak, which in turn was
about 3712 per cent above the January
quotations. Local importers assert that
their prices have not been based on the
high March quotations, since most Of
their stock was bought previous to this
on lower levels. Some of the current
prices in this market are still below
the new nrice list
New-York tribune., 1920-08-20
Boston
Mining
Rails
Miscellaneous

% Boston & ALPS 125 124h 1241a
~ Ny. y. r. 6; II. 32N. 33A 32l4 32h4
go West End 49,. AZ AZ ~ ~
New-York tribune., 1920-08-20
RdtU Sugar Cent Lo,rer:
Futures Market Weak

Current prices. Year ago.
Sugar, gran, Id. .17.10 q % soc Sc
Coffee, Rio. No T.. PC 21ac
Coffee, San, No. 7. 22as q 235s 29isc
There was a break of full cent a
pound in raw sugar yesterday when
a local refiner purchased $4,000 bags
of Cubas in port at lie cost and
freight, with some odd lots of full duty
sugars selling at 1890, the equivalent
of llc c. & f.
At the close of the day there were
further offerings of Cubas and full
duty sugars at this level and it was
said that negotiations were under wav
looking to further business. but de-
tails were lacking. AS far as was
known late in the afternon only one
refner was showing a buying interest.
The demand for refined sugar
showed little or no Improvement and
list prices remained unchanged.
The futures market closed weak, un-
changed to decline of 43 points in
sympathy with the market for actual
sugar.
New-York tribune., 1920-08-20
Chilean President Approves
$75,OOO,0OO Loan to RAILWAYS

SANTIAGO, Chile, Aug. 19.-Presi-
dent San Fuentes has approved a mes
sage to Congress asking authorization
for loan of approximately s75, 900 600
on behalf of the state railways, which
would take UP previous loans and be
tor the purpose of purchasing new
equipment and making improvements.
including electrification of the lines.
half the amount would be sought In
Chile and the remainder abroad. Oues-
ton of the loan was brought up at a
conference of government and railway
officials and bankers in July, when
steps were taken to relieve the rail
ways of the fuel shortage under which
they were working.
New-York tribune., 1920-08-20
Navy May Drill for Oil
Operation of California Petro
leum Reserve Planned

WASHINGTON, Aug. r9.-Plans for
immediate operation of oil lands in the
Southern California naval petroleum
reserve, either directly or by lease to
private operators on a royalty basis,
are being considered by the Navy De-
partment~ Action is being deferred, it
was learned to-day, until after August
20, which will conclude the six months
period within which claimants to oil
rights within the reserve NAV 6le
application for lease under the land
leasing bill.
The naval reserve on which it is
purposed to begin drilling operations.
known as Reserve No. 2, is that upon
which the Southern Pacific Railway
Company recently won title in the
courts to alternate sections.
New-York tribune., 1920-08-20
Commercial Credit

Commercial bankers report that
fewer trade acceptances are now being
presented for discount. An increase in
bankers acceptances arising from com
mercial transactions has Offset the de-
cllne IN trade acceptances, according to
the bankers, who assert that during
the boom period trade acceptances
played a large part in financing specu-
lative deals
, Commercial money rates yesterday
were unchanged. Prime commercial
paper discounted at 8 per cent, with
less known paper discounting at
quarter of l per cent higher. Bank
ers' acceptance rates published by the
American Acceptance Council were:
New-York tribune., 1920-08-20
Canadian Mills Get Orders

A contract for The production Of about
$7,0O0,000 worth of wooden textiles and
100000 worth of knitted goods for
the Rumanian government, it is under
stood, will be distributed among thirty
seven wooen mills and an equal number
of knitting mills in Canada Last year
Canadian textile manufacturers supplied
large amount of goods to Rumania,
after American manufacturers had
turned down the contracts because of
New-York tribune., 1920-08-20
Frances Import and Export
Business Shows Big Increas,

PARIS, Aug. 19.-An official list of
imports and exports for the period
from January l to July 81, 1920, pub
lished here to-day, shows increases of
2,73s,502,ooo francs in imports and T.
23o,226,00o francs in exports over the
same period last year. The imports for
the two periods, respectively, were 81
76O, ,742,0 900 francs and 1902 ,240 900,
while the exports were 1905 $50, 900
and Ats, 100000 francs, respectively.
New-York tribune., 1920-08-20
Detroit

5000 Armour % 7s.... sS7s s67s sS 3 So
New-York tribune., 1920-08-20

More than $4,000 has been sub
scribed by members of the National
Association OF the Sweater and Knitted
Textile Industry for national publicity
campaign to popularize knitted textiles
and garments. The objective is a
fund Of $4,000 or more. Members are
being asked to subscribe one-tenth of
l per cent of the monthly sales for one
year, beginning June /, 1920.
New-York tribune., 1920-08-20

10, 1920 tvacatcd,. 5000. 90
Chella, Annetta. and Peo Aprcs--
:, 1920 .............. p77.oa
4 Bro. , Inc; Aug. 10. isso.... ',tS'.. 2oa.7o
iS Vine; Jan. j. a. 1870 1920. .......". M 21soo
Bell Garment Co Inc.-B Il. Sic
st evacated> " ................. ' ... 49, ~ 1880
Dah,cn. Henry A. A. II.
Schwartz; April IA. 1s2o...... 263.72
Samoa. w. Schrnmm; Feb 20,
iSAc -. l''''" :"
1918 'aee'1'.e. wv. 51122
Jan. 80. 1890. ............' 1870
Knauer, Samuel. w. Sullivan:
Feb. rs. 1919. 9.....,..,......... 109.l3
In Bronx County
Co., of n. r; April 16. 1a2o.... s111 10
New-York tribune., 1920-08-20
Buyers Coming

DETRO1T-D. J. Healy Shops; James p.
Gray ladies' ready to wear: West
Thirty-fourth Street; expected August 23
HANOVER, Par. Greenbaum & Son.
Jerome D. Greenbaum. mems and Young
mems clothing and furnishings; McAlpiu
expected August 23
TROY, y. Y.--Weinstein Bros. Tillie Cop
lon. waists; McAlpin; expected August
New-York tribune., 1920-08-20
SURROGATES' NOTICES

IN PURSUANCE OF AN ORDER OF
Honorable John 2. Cohaian. sasToss',, !,
OF the County Of New York. MOI ~ iS,s,,s,
hereby given 10 all persons having e,'i re
agains; EMMA NJ. DWIGHT. !ato %
County OF New York. deceased. 10 ii.
tho Same with vouchers thereof 70 to.,ess
subscribers. at their place OF irAnsScr'd5s nnS,,nds
business. at the once OF Hug hes -. t..- IA
100 Brosdwsy Borough ot Manhattan. e'i
OF New York. on or before the lVin o~'
November. 1929. -.
Dated. New York. April s7th. 1917
RUTH DWIGHT McyITTK
RICHARD L. DWlGhl,.
HUGHES. ROUNDS. sCHN RAAn q
DWIGHT, Attorneys for kIec
Broadway. Borough of MsnhA''-
New York City
New-York tribune., 1920-08-20

southern Spot NEUTRALITY-SUSPICIOUS. easy,
SO lower at 49, GALES 47a bales. New Or
leans quiet. rs points lower at $3.50: sales
1872 bales. Mobile nominal. rs lower at
$3.50; sales nil. Savannah and Charleston
nominal unchanged at as sales nil. Au-
gusta quiet, so lower at Sac: sales $40
hales. Memphis steady. so lower at a5c;
ssles ss MI st. Louis steady, unchanged at
5o.oV sales nil Houston steady. 100 lower
at $3.50: sales 3,lSl bales Little Rock
quiet, 100 lower at sac sales % bales.
Dallas steady, 90 lower at 31.1o sales
l,eS4 bales Montgomery nominal. SIS
Iower at 35c; sales nil. Fort Worth quiet.
100 lower at 81 25 sales nil .'N.-N'
New-York tribune., 1920-08-20
Satisfied Judgments

III -NcW IUTK VOUnty
The first name is that OF the debtor. the
second that OF the creditor and date when
Judgment was fled
Otto. Emil D.. and American
Surety Co.-People, etc; July
New-York tribune., 1920-08-20
LEGAL NOTICES

CREDITORS TAKE NOTICE. Il
Charles X Fcuer sol3 on Ausus' ri,g
1920. his Ladies and Childrens wes''rt'
apparel shop. at so Lenox ANe~ess ,,;rs
Selda Seiden. Creditors having s~ras.
should present them on or before n'+sss,
36th. 1920. to Samuel w. Soiins As's'
220 Broadway.
New-York tribune., 1920-08-20
Standard Oil Stocks

the market mad been pretty we'll sold
liquidated
Final prices were to 13 points net
higher Firm offers in the cost and
freight market were low, but no bus
ness was dono
The local spot demand continues
quiet. ''''"e'
The range Of prices follows.
New-York tribune., 1920-08-20
Cottonsccd Oil

The market was weak during the creator
part OF the day and closing prices showed
net losses of ls to 20 points. The declines
III !ard ana cotton caused more or less
pressure and the trade took a bearish
view OF the census report, which showed
II decrease IN consumption during the year
ol Praclcaily million barrels. Total
safes for the day were 13,400 barrels
Range of prices follows:
New-York tribune., 1920-08-20
Corn Sells at Sharp
Decline Under Pressure

~
49s cents The September position wss
+ under heavy pressure, and !. wss
thought that leading longs and casa
houses were selling on prospects ot
larger receipts.
Country offers were LARGER and
while receipts for the day were arai1
small, the trade seemed to think thar
the chances were favorable for an in.
crease, as farmers were said 10 hsy.
about completed their threshing of
small grains and We're more inclined
to sell their corn.
This pressure in the near position
/ resulted in q narrowing down of ure-
miums. while cash prices were also
easy. Crop accounts We're very favor.
able, especially from the Southwest.
where good rains were reported over
night.
Argentine corn was offered here
freely. but the demand was very slow
and holders are having difficulty in dis
posing Of the grain they have on aand.
In the local cash market No. yellow
corn was quoted at S1.73i2 c. l. + New
York.
New York. eS51Ga oi5s y rsyi9u' 5i"9@ ssa ssar
No. . yellow. sl.7se sl.77's ssisa
sertenaber ....... 1.4o'. 145', lus
Oats-The oats market was about steady
but subsequently prices declined in sym
pathy with wheat ana corn and under lag
ther hedging against new crop Offers.
The technical position in oats however
was believed to 'be firn. and covering ~
the part Of recent sellers CAV TIE market
more or less stability. In the local casA
market No white wa- quoted at esc.
, n ND f4Der