davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-04-01
Retailers Come Back to
Market in Search of .sJobs''

Buyers for apparel departments OF
the large Ctorcs and the smaller sps-
cialty shops throughout the country a RI
IN the wholesale market here. searching
for cut-priced Jobs" of women's gar
ments for spring and summer. Nors
malIy during the week preceding Eas-
ter the buyers remain at home to su-
pervise the selling operations in thci-
departments, but they have been iured
back into the market at this time by
the talk of lower prices.
Opinions regarding their success III
obtaining price concessions dffsr
widely. Many buyers insist that they
have been able to make some good
purchases. The manufacturers, in the
main, assert that the market is devoid
OF surplus production except in the
low class merchandise. -.
According to several buyers, manp.,
facturers who are averse to selling
their surplus stocks as "jobs" to a
number of buyers have made deals with
large retailers whereby one of the lat
ter takes over the entire surplus stock
OF single manufacturer A promi
nent New York store is understood TO
have acquired several thousand dresses
ot varying grades at fiat price in this
manner. 49,
New-York tribune., 1920-04-01
Belgian Mills Capture
Orders for Ship Plates

Increased production of iron and steel
is apparent in this country and Europe.
bat prices show no reduction, accord
ing to leading authorities on this in
dustry.
Tho Iron Age" reports that steel
producers probably Will take some Of
the notes Of the railroads in payment
for car building material. One trunk
line wanting 1900 or more cars is not
expected to pay more than 25 per cent
in cash. Railroad purchases during the
week include 5000 freight cars, with
fresh inquiries for 5000 more.
Orders for nearly 10000 tons Of shin
plates placed in this country by Brit
lsh shlpyard arc reported 10 have been
Cancelled, because Of the unexpected
increased production by Belgian
plate mill. Better deliveries and a
,ower price by the Belgians we're the
factors leading to the cancellation.
Only $500 tons were left Of the order
IN this country.
"The Iron Trade Review" reports
tho formation OF n new sales combina-
Ton Of leading Belgian steel producers,
headed by the Cockril Works.
Higher coke prices, following the re-
iease Of government control to-day has
become effective, and sellers Of pig
ron predict higher prices for their
product. AS high as SIP ton has
been paid for coke for April delivery
ana SlV for delivery in the latter half
Of the year
New-York tribune., 1920-04-01

manufacturers declare that, while sat
isfactory business may be looked for
during the coming year, owing to the
fundamental prosperity Of the country
tendency toward caution will be in
evidence from now on.
On the other hand, it must be admit
ted, authorities in the trade state, that
the policy of shoe manufacturers to
remain out of the leather market
winch has been in evidence not only
IN tins center, but all over the country
mas up to the present time not resulted
i, IN any material break in leather prices
Manufacturers assert that, even with
lower hides and slightly lower priced
leather. no marked declines in shoe
prices can be expected, so long as la
por' the big factor in both shoe and
ieather prices, continues to demand in
creaslng wages and at the same time to
mold production down to its present
volume. Some incline to the belief
that when the public and the retail
trade have recognized these facts, and
when the continued warm weather
gives more optimistic tone to retail
trade, the retailers will be ready to
buy shoes in large numbers and orders
Will begin to come in which will COM
pare favorably with those of former
seasons.
New-York tribune., 1920-04-01
Management Concern Formed

u. II. hyram has resigned as presi-
dent of Slocum. Avram g. Siocun
i.aboratofica, Inc, to become prcsj-
dent of NJ. II. Ayram & Co. Inc. re-
Gently Organized with a capitalization
Of S50O,o0o to specialize in Industrial
c' glncering and management Of indus
tries, with Offices AT $50 Madison Ave
nue.. Tho new company will act in
closc cooperation with financial insti.u-
tiong and individual investors for plac.
ing industrial enterpriscs in which
they are financially interested upon a
more stable basis. Howard G.. Seaman.
fDfmcrly treasurer OF the f. w. Bliss
Company, has been appointed vice
pfesidcnt and treasurer, and Garner p.
Roncy second vice-prcsident and sec
rctary.
The board Of directors Of the COM
rany is comprised Of Finley J. Shepard
T. j. Lcary, Walter {. Tctcr. F.. s.
"cck, Paul Fuller jr.. Robert f. Fulton,
Neal d. Bcrkcr. A. f. La Frcntz, John
Lrwry jr., f. j. Frank, M H. Avram,
II. G. Jones, Alwyn Eall Sd. Frederick
Southack, Alwyn Ball jr. and II. C.
.,taman
New-York tribune., 1920-04-01
Business Items

increased it's capital to 5000. 600
The firm of Wlodinger & Katz boot and
shoe johbers, has been dissolved and las
boon succeeded by William Katz.
BIDS have been opened by the Clothing
ana Equipage Division. War Department.
for $50 pairs OF officers boots and III
pairs OF cordovan ieggings.
The first annual footwear exhibit OF ;l..
shoe Manufacturers OF Philadelphia ana
Nicinity WIFI b. held July l9 and 20 sc
the Bellevue -Stratford. Many New Yor~
and brooklyn retailers are expected 70 AZ
tend the exhibit.
The Rite Shape Shoe Manufacturing
Company has been incorporated as rnarus.
facturers Of boots and shoes with d $40
600 capital.
The Rally Company has been ncor-s
poraied to deal IN hides. etc. with
capital of 100000
Lafayette Hemmendinger r. w Herr-
meudinger and Leo Weinberg have formed
tin firm OF Hemmendnger with .
capital II 500 900, to transact & 1eweiry
business The firm was recently lncor-
porated under the laws OF the State OF
New York
I'm increase from So. 900 70 $40 900 =.
capital stock has been announced ny thu
OF side and upper leather
The firm of Goldoff q Nudehnan has
boen formed to transact a diamond setting
business at l25 Canal Street.
y Gordon. for the las, Fifteen years
retailing jewelry. has retired from the
ret-l branch of the industry aud has
opened Offices at - John street, where ho
VIII conduct jobbins and i'm porting busi-
ness IN watches. diamonds and ieweiry
New-York tribune., 1920-04-01
SlLkS-Producers Wait for
Buyers to Start FnH Season

Several Of the leading silk manu-
facturers assert that the time is not
yet at hand to launch fall business
In normal times much of the fall silk
business would have been booked be-
lore now with orders scheduled for
delivery through the summer months.
In view Of the dullness that has pre-
varied in the silk goods market since
early IN February. producers feel that
more interest must be shown by re-
tallers and garment manufacturers,
the largest users Of silks, before for
ward selling can be resumed on a
large scale.
Silk jobbers, who heretofore have
played the game apparently without a
limit, have become extremely conscrv-
ative in their buying operations, ac-
cordlng to manufacturers. Like the
reta,lers, they are working only from
hand to mouth. Where they formerly
reaped a profit Of 80 cents or 81 q
yard, they are now glad TO get as
much as 10 cents yard, and some of
them admit turning goods over at a
less profit than this.
Tatfeta in plain shades continues to
be the most active of silk fabrics.
Some sellers say that pain georgettes
OF good quality are in better demand.
Snort skirt manufacturers are port
ed to be taking baronetto satin and
other fancy weaves containing arti-
fetal silk in limited manner for i'm
mediate use.
New-York tribune., 1920-04-01
COITONS-Conrerters Change
altitude on Price Trend

Several Of the leading cotton goods
converters who felt that lower prices
were in sight a couple Of months ago
nave changed their attitude. One of
them, probably the most pessimistic Of
the lot, now IS convinced that present
prices Will hold for at least six months
and possibly may go higher. On the
strength of this belief he has lust in
vested S750,0O0 in gray or unfinished
goods for delivery during the next few
months. Printing and other finishing
costs on these goods will aggregate
about 100000. Smalle. converters
are beginning to sec the situation in
the same light. with the result that
activity IN the cotton goods field is IN
creaslng.
Buying of finished goods by the re-
tallers and jobbers throughout the
country continues in fair volume. ac-
cording to converters, although pres
ent purchasing is on a hand to- mouth
basis. 1t is the steady continuation
of this business that has given the
converters confidence in the immedi
ate future of the market Garment
manufacturers, for the most part are
remaining out Of the market. Sales
men who call on the cutting UP trade
report that the garment makers are
we'll supplied with cotton materials
Tor their immediate needs and are not
prepared to place orders for delivery
tar INTO the future
New-York tribune., 1920-04-01
JEWELkY-Fnr East Heary
Buyer OF american Patches

Representatives of American jewelry
concerns now abroad report largely
increased business in all lines of the
1ewelry trade in every section of the
Far East, especially in watches and
clocks. Heavy buying is reported, par
tlcuiarly IN Japan, where it is stated
that IN addition to the greatly in
creased import Of watches for use in
Japan proper large imports are being
made for Chosen, where new tariff
schedule goes into effect shortly. Sim
also are reported. The special demand
IN all this field is for watches, par
ticularly the high-grade article, it
being explained that while the cost of
low and medium grade watches for
sale there has advanced something like
1VO per cent the increase in hiCh-grade
goods is only 80 to 35 per cent reater
than in 1917.
In Hong Kong and in the China trade
generally the chief stimulus, according
TO local manufacturers With represent
tatlvcs in Japan and China, seems to
be the high silver excl lGe, the cost of
watches of all grades .A local currency
beng lower at present most cases
lhan 1t was previous 0 war. the in
crease IN the exchange value Of silver
more than overcoming te increase in
tho cost OF goods in thc United States
and Europe
Imports Of miscellaneous jewclry
jewelers. optical goods and precious
tones also are reported as rapidly in
creasing. Travelling representatives of
European jewclry companies arc again
canvasslng the trade in the Far East
for the first time since the carly part
of the war period.
New-York tribune., 1920-04-01
f. l.. Norton Heads :.
Central American Pe,roleurr

+. l. Norton was elected yesterda Il
president OF the Central America,t
petroleum Corporation. according to an,
announcement made at the Office Of th q
company. at e33 Broadway. Mr.. Nor i!
ton Is president OF the Equitable Trus )
Company. of Baltimore. and it is bel
lieved that considerable amount of.
baltimore capital will be invested I'D
the company for development of itJ
properties IN Honduras, Panama
Colombia and Lower Mexico.
Il am convinced" said Mr.. Norton.
that American capital must not DELAY.
IN venturing into the South and Cen
tral American oil fields. Already thi :
company has been obliged to face stif.
opposition from British concerns. espe-
ciaily in Honduras, but we feel that I'M
Central American countries American n,
capital VIII receive the friendly sup
port of the various governments amt
That they viii therefore have a decided
advantage over the British and othcn .
European interests that are seeking
CONCESSIONS
New-York tribune., 1920-04-01
Commodities


strong yesterday. Reports of further rains
in the Eastern bolt and other buliish crop
advices seemed to increase anxiety over
the new crop start. and there a
broadening general demand for these posi-
o"s bv o 'derg cro~ waa shors % s
ance OF Southern buying orders here in
considerahlc volume served to emphasize
the market may have been affected by
runors that European splnners We're buy
Ing heavily for early new crop shipment.
These rumors were not definite enough to
be accepted without question. but new crop
months led the advance which carried all
deliveries into new high ground for the
season. Many contracts sold up to s9s soc
and closed at 39.75c while October ad
vanced to $3.50 and closed at 33.75c. with
advance Of So to 1872 points.
The marl,et opened firm at an advance
o, rd y to 81 points sa% on bnyins by ysrpool
became moro active as prices worked
higher, and there was enough covering to
suggest that considerable cotton had been
sold on tho advance which accompanied
tho fna! evening. up of March contracts
IN anticipation Of pre- holiday reaction.
Realizing caused slight reactions from
time to time during the day, hut con-
tracts seemed scarce whenever a buying
movement was IN progress md the best
prices of the day were reached IN the late
trading.
The nervousness OF shorts may have
amendment to the cotton futures law mak
new form OF contract would be passed.
At tho same time feeling seems to pre-
vail among local traders that the proposed
amendment will be opposed by some of
the producing interests. and that 1t Is not
llkely to be enacted. No exports were re-
ported yesterday. and according to "A tele-
gram received here from New Orleans
there ia little. If any. fresh export busi
ness and comparatively few open contracts
for shipment.
Southern spot markets as officially
ported wers unchanged to so points higher
Quotations for Middlng cotton now range
from 1850 at Norfolk to $3.50 at Dallas
and average around the i0c level in the
Eastcrn belt markets.
The local spot market was steady and
26 points higher ut Al.75c. No sales were
reported.
Tho range OF prices follows:
New-York tribune., 1920-04-01
Harding Confers
With Acceptance
Bankers Here
Governor Says Reserve
Board Is Not an Arbitcr
of Prices, Nor of the
Conduct of Industry

W. ?. G. Harding, governor of the
Federal Reserve Board. who was in the
city yesterday, conferred with accept
ance bankers yesterday on the situa-
tion in thtt market. He ouizzed the
dealers on the routine OF their business
Tor the expressed purpose of enabling
the board better to develop its policy
IN regard TO the new instruments of
credit
Bankers who net the governor in
cluded Albert Breton, of the Guaranty
Trust Company; Morton IL. Frv, of
Bernard, Schole & Co; Charles Wall
of the Nationa! City Company; NJ
Farrell. of +. S. Smithers & Co., and
John +. Rovensky, of the National Bank
Of Commerce.
In conversation with newspaper men
before his conference with bankers at
the Federal Reserve Bank. Mr.. Hard
ing said, in reply to an inquiry re-
gardIng the success of the Reserve
boards program OF dehation:
Policy misunderstood
81 think the policy of the Federal
Reserve Board has been much misun-
derstocf The board does not place
itself up as an arbiter of prices or
OF the conduct of industry 1t is our
business TO supervise the Federal Re
serve Banks and to see that their re-
serves are kept up in accordance with
the provisions of the law. All else that
we. do is incidental to this
Mr.. Harding expressed the view that
the pending bills in Congress to amend
the Federal Reserve act to permit a
sliding scale of discount rates to mem
ber banks would have the effect of
stabilizing the regular. or published,
rates, and would tend TO make the ex-
cess charges on heavy borrowers re-
fleet fuctuating conditions in the sup
ply Of credit Mr.. Harding said that
the proposed amendments would make
the matter Of giving accommodations
TO member banks more automatic, and
advance the cost Of credit.
New-York tribune., 1920-04-01
LEATHER-Benrish Feeling
PrernilS in EcOf,reor Trade

While 1T is yct too carly to have re-
celved trustworthy accounts of trade
conditions from the shoe statesmen who
LETT tcr their territories a month ago.
there is definite feeling among the
New Eork and Brooklyn manufacturers
that the trade is face to face with a
bear market, and that retailers will
held off from buying shoes for future
delivery as long as possible This is
the policy which the shoe manufactur-
ers themselves have been following for
some time with regard to leather pur-
chases. The feeling prevails in the
trade that the peak of both leather
and shoe prices has been reached. and
New-York tribune., 1920-04-01
FINANCIAL MEETINGS.
CHICAGO AND NORTH W E,STERN
RAILWAY COMPANY.

NOTICE OF SPECIAL AND ANNUAL
MEETING.
meeting OF the stockholders OF the Chi.
ago and North Western Railway Company.
III. annual meeting OF said stockholders
will be held at the General Offices OF ths
Company. at No 22s West Jackson Boul..
Tuesday. the 18th day OF .-prii. 1920. at
II O'clock A. NJ. for the purpose OF con
in and authorize the creation OF bonded
indebtedness, by the issue. at such times
It's Board OF Directors or Executive Com
m!t,ee may De ermine. OF bonds. payable
lea Of or equal to the present standard Of
weigh, and nneness, anc-ltmited 90 tn2s
.as'Ss ;as! Is, 81 ;as R.nsy @ s.sy
dsduct.ns therefrom tns amount OF all
sesore sstHs maturity. shan never exceed thres
times the outstanding capital stock OF tho
Company, or OF a successor corpora tion,
q rate o. interest. not exceeding the la rful
rae, TO hn determined by the Board Of
tin, OK issu', PAYABLE, semi-annua lly; and
TIE execution and dHlIN"ty ny the Com
PAM ot Frs: and Re.undins Cola Bond
Mortgage 10 Trustees to be designated oy
he 3oard OF Directors. dated May !. 1879.
coMveying lr tr,:a, the corporate property
the pa Il-sit OF all sucn bonos which are
TO he issuec for tho purpose or pure Aaslng
;tdsem.ns CT re.una.nS. before: at or ate.
he Company. and of Other companies
.Hose properties now are or hereafter snail
North Western Hallway Company by con.
prrpos, or tho tr,ure enlsrgefnent. i'm.
pToSement,. extension and equipment oa
NE properties Of The Company and of such
ehcI companies for The. construction.
purchase OF acquisition of other rail.
xayo TO. nj
resmburs.ns the Company for moneys
s.sh s..5 .s1.aa a aay ts me @ b Or may nay:
ssge IN the form 10 b subm.tted at aat1
Boar MSSa'd Of Direc.ors authorizing the crea-
ton OF sucn Indebtedness. and the execu.
i. .n s,ecsgo 81 .goh nor gag and CD whether
thorize the purchase Of all tho property
Including al franchises. rights. privileEss
appurtenances thereof wha tsoever. OF each
o. o. me following named proprietary
Wolf River valley Railway Company.
Belle Fourche valley Railway Company,
pane. lanes Bier Valley and North Western
cMacoupin county Extension Rau~u
Iowa Southern Railway Company.
cwyomlng and Northwestern Railway
Pierre, Rapid City and North westor,
cons.ss Pierre and Fort Pierre Bridge Ra.lwa,
cIhs De Pue. Ladd ana Eastern Railroad
Cenpany and
The Albany Rail Road Bridge Company.
~ consicera;ton OF the payment to ~ack
sald compaHie, ot the sum OF ono dollar
ss sss .as assumption by this Company Of
-. sns dehts. liabilities and obligations Of
,ssa ,sca ol said companies; and will ratify
,ssaactio ,ss action Of It's Board Of Directors au.
s1oInzing srI such purchases upon such terms
y this election Of Dir.c,ors md ~ ir.ns. NJ.
sssson ssss' o. such other business az may come
March 10. 1920. a. ths ciose Of buslnss:
W.xsaat saat day and VIII be reopened on
sShesday. April -. 1929
~ eroer OF TIE Board or Directors
os'eT Chicsga. IU'7oia. January o. 1870
,ouws wsiLllAM n. FINLEY. President.
sohN d. CALDWELL. Secretary
New-York tribune., 1920-04-01
Buyers Arrive d

ssrins: care l2o West rhirsy-seeona
TOLEDO, ohio-M- Noyer Co.: II. c.
suits q West Twenty sixth Street 0
1oLEDO-W. L. Miner Co: w. r. Miller
sport goods; ll6 West Thirty-second
street: A. Fantl.
WASHiNGToN-Dulin & Martin: W. X.
Martin, china glassware: Breslin.
s,.i.sp ,ho. Fa.-W. L. Horar fur.
IEELlN NG. w Val s Naylor Co 4.
~ -. l. Henderson. dry goods. rugs; sse
WICHITA. Kan. characterization NV
Goods Co: N. G. Dabler, carpets. rugs
", Anoleuins o. s2s Brdadway .
WiiiiaS ~, N. -Rosenmann & SON.
lions. Herald square anu no-
"okCESFER. Mass.-Denhoin, & Mckay.
-, 20 l,sls poush merry, basement merchandise
New-York tribune., 1920-04-01

Sugar and Coffee

Current Year
sugar granulated, per lb. .i4@lS So
Corfes' Soree' Sao.o S,o NO. =. per b.. 14h 7.2s
No.'ee' santos no 4. per lb.. 20 1875
Sugar Conditions continue strong in raw
sugar sugar with everything working in favor of
Cuban shippers. Rehners have much sugar
thls. tras. IT. is believed will sustain prices Sales
l2Ssc cost and freight. to operators Oner-
stors also bought 80 600 bags Cubas frst
half April; second half April, straight April
and first half May at prices ranging from
- &C to I2lec f. o. b. according to posi-
eion. In refined sugar the demand is IN
IN the trade that there were buyers ready
to take all granulated available up to i?isc.
Shipment through to September
Coffee Futures--The market opened cuiet
AZ AZ an an advance Of 3 to 5 points with prices
slowly king upward later in the session
on support from longs, May selling to
FRS July to. l4.76c. and September to
Li.''c Some OF the demand was attributed
to t, buying by Cotton Exchange houses
sending values OFF, but a part of the loss
was quickly gained. the market closing At
net gains of to II points. N'
The official cables showed no change in
the milreis price at Rio. with an advance
ql o-o2d IN the rate of Rio exchange on
London Santos futures were 125 to 175
rels lover Firm offers from Brazil con-
tnue to be Irregular to prices and i'm
porters report quiet trade Jobbers corn
piain OF disappointing trade to the in
terror roasters and do not look for much
Improvement until after the Easter hol;.
days.
New-York tribune., 1920-04-01
Platinum Stamping Bill Now
Before New York LEGISLATURE

The proposed law regulating the
manufacture and sale Of platinum and
furnishing instances where platinum
goods are improperly marked and mis-
represented as to quality is now rn
the New York Legislature, having beer,
introduced in the Senate by Walter W.
Law jr, of Westchester. and in the
Assembly by Edmund B. jerks, Of
Broome County. The bill will be re-
terred to the committee on codes in
each branch of the Legislature
will be known as the Law-Duke bill.
and viii be pushed for passage siren
uously by its sponsors.
Already the members of the Legiss
lature and members of the code COM
mittees are reported to be receiving
comments of approval of the measure
from jewellers and others interested II,
proper stamping legislation.
New-York tribune., 1920-04-01
Public Has Ne,p Tiew
Of Reckless Spending

he Fedora Reserve Board, in it's re-
view of financial and business condl-
tions during March, issued yesterday,
reports change in the attitude Of the
pubic regarding extravaganza and
reckless purchasing.
Recession of Prices
Business and financial Developments
daring the month of March," it says,
have shown some confusion and lack
OF uniformity. which indicates that the
country is now passing through a
transition stage. There has been q
hesitation. if not an actual recession,
Of commodity prices, slight but no
tAccable Improvement in the bank re
TO trans pottation and distribution
which existed during the winter
months, and at the same time there has
appeared TO be some alteration in the
point of view OF the community with
respect to extravaganza and reckless
purchasing. This alteration in point of
new is by no means universal, but
tederel Reserve agents report very
considerable difference Of attitude on
the part of the public. The change,
whatever it may be in character and
scope, IS. however, very conservative
and moderate and there is no appre-
cable letting down in the volume Of
legitimate business. The outlook for
the spring season, both industrially
AID agriculturally, is excellent, the
chief modifying factors in the situa-
ton being inadequacy of labor supply
and shortage OF various kinds of
materials as well as of borrowing
facilities Of banks"
Regarding labor, the board says:
The employment situation has been
ON the whole satisfactory during the
month Of March, at least as compared
with recent months. Wages have been
very high and tending to rise, but the
tota! volume of employment has been
large and mills have been operating
nearer to capacity than heretofore. In
the Middle West it is complained that
labor s inefficient and that there is too
strong desire for short hours, accom-
panied by poor service. with CORE
spending reduction of output The
amount Of pay rolls as compared with
a year ago is greater, although the
number OF men employed is less"