davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1920-02-17
IOITONS-Better Demand:
Prices Remain Stationary

More inquiries for gray goods and
finished fabrics than the market re-
ceNed on most days last week yester-
day failed to run up prices. A slight
resumption in the buying activities of
conVerters, Jobbers and retailers was
noted all through the market, but no
onc was ready to predict that the end
to the slump that had prevailed for
the last two weeks had come.
More activity was noted in gray or
unfinished goods. Brokers said the vol
ume Of sales yesterday was larger than
on most days last week. Monday
usually is dull day in gray goods.
fllces, however, remained about on the
level of last weeks close The stand
ard 50 l2-inch, 64-60 print cloths were
quoted at 22ls cents yard.
Better inquiry for bleached goods
has developed among retailers and job
bers, according to commi ission houses
selling this class of goods, but orders
still are spotty and few of the buyers
care 10 enter into contracts to take in
goods far into the future. Bleached
goods mills, according TO selling agents,
are sold up on their production from
one 10 seven months ahead, at the top
prices reached month or more ago.
Many commission merchants are in
c..neA to believe that the peak of
prices has been reached, but that pres
eut evels Will be maintained until
midsummer at least.
New-York tribune., 1920-02-17
''oak Manufacturers Ready
For Employment Burea1,

aal0@n together by common labor
b., ,'o'es' hye associations in the wom-
.l,. e'0ak and suit manufacturing and
''Hs industry are ready to establish
'Ommon employment bureau or labor
ing house, through which, it is
r'u' an amelioration of the present
'actory condition will be gained.
ssTade bodies which have been con-
". s,"s upon the PROJECT are the Cloak.
|ssa and Skirt Manufacturers Protec-
|slI ASSOCIATION, manufacturers who
|cloats tsaeir own product; the American
ION ana Suit Manufac turers' Associa-
a,so.;e ehe Merchants Ladies Garment
lfsS'a.ion, had tin, jobbers; the Jobbers'
.aon Cloak Manufacturers Associa-
|shho small manufacturers selling TO
|ajld.s and mail order houses, and the
[he;st;ehs Garment Manufacturing AS.
|hs;,.soa. These are all the trade or
in the cloak and suit in
kse, 4 ana among them represent we'll
!" per cent Of the trade.
New-York tribune., 1920-02-17
French Internal
Bonds Offered
Here This Week
Syndicate Will Take Sub
scl'iptions for Loan With
Speculative Attractions;
Proceeds for Refunding

heginning Friday, perhaps the most
systematic attempt ever made by q
foreign government to sell its own
internal bonds in this country will be
ihitiated by network of leading banks
91 ana Investment houses throughout the
United States in behalf of the French
mnahclal commission. Bonds of the
new so-called amortizablc loan will be
onered to the American public simul-
sn .anheously with the sale in France,
"n,ch nc, VIII last until March 20.
The bonds will bear 5 per cent
interest and will be redccmablc with
IN sixty years at 100. The time of re-
demptlon of given bond will be
determined by drawings evcry Sen
TEMPER and March, and the possibility
OF OF holding q bond that will be re
deemed within the near future is re-
garded as one of the features that
VIII appeal to buyers in this country.
MOREOVER, the speculation in exchange
offered by holding the securities ia cS
pected to appeal to some.
The National City Company. Brown
Brothers, Bonbright & Co.. A. Iscl,n
Co: and possibly Lazard Freres.
IN addition to several banks and
trust companies, will take subscrin-
tons in New York. The Frcncn
government will pay those who handle
New-York tribune., 1920-02-17
Canada May Abandon
Business Profits Tax

OTTAWA, Feb. 16.-The business
profits tax probably viii not be re-
newed IN Canada because of represen-
tatloos from various quarters that it
tends to handicap business and indus
rial enterprises, it is believed in gov
ernment circles here.
-, Under present conditions of exchange
'ne premium on American funds would
ald to defray expenses Of firms enter
ing Canada. but it has been reported
TO c'hclals that many concerns are re-
iralhlng from such step because Of
lear that the tax will be continuea
No official announcement viii he
made until the delivery of the budget
speech IN April, and it is predicted by
oflclals that the withdrawal Of this
TAX probably Will be followed by a
heavier tax on industrial and corporate
incomes
New-York tribune., 1920-02-17
Stewart-Wa1ner Speedometer
Profits Equal to S4.9O a Share

Report OF the Stewart Warner Speed
ometer Company for the year ended
December 81, 1919, disclosed net profits,
after depreciation, expenses and Fed
ernl taxes, of Sl,963,57 equivalent to
$3.50 a share earned on the 100000 out
standing shares of common took, no
par value, compared with $1,594 ,665, or
$15.95 d share, 500 par, earned on the
$10,000.000 capital stock in 1918
Net earnings for 1919 were $2,331,- :
915, an increase Of s329,269 over the
preceding year. Federal taxes of $685.
34l were deducted from that amount,
leaving 1868 574 balance applcab BILE
for dividend disbursements. Dividends
amounting to 100000 we're distributed
during the year, or s3C0.000 more than
stockholders shared in the year before.
Surplus of s1,O63,574 was added to
previous balance of $6,450,s $50, bring
ing the total surplus to $7.514,454
New-York tribune., 1920-02-17
Com mn1odities
Cotton


ne market was nervous ana ur,o.,,oa
Io,,.o gay put an early decline was fol-
.t, u" oH ralileS on covering by near mont n
s.,oI,s i,o,, ana ana trade buyins. March was reia-
20 20 voc during The earlier trading. nd y
Nahcen 10 36.i4c at the close. or 81 point 6
m"t high"r Other active old crop months
e,.ai "ele u, TO points lower. with tho gen
- points higher. "
, nhe market opened steady at an ad
,"ir+ ,",ce OF TO "A points and sold 10 to 32
POINTS net higher during the early trading
IN response to relatively firm cables Iiver.
pool puYIng and covering. The latter was
.NHs a'liNe IMAM last week. however sug
t,'' ten'Ins an easier technical position. and
M market soon turned easier under real
i,A's' ms was probably promoted by The
ucNtlHr IN iorelgn exchange and The un-
ss'tisu :. ruling of the stock market. while
confused sentiment as to the prospects for
carly action on the peace treaty There
was al 80 selling for reaction on the de-
cine later in the morning with active
months selling 33 to &c points belosv Sattr-
day closing figures. The relative strength
VI NarNn vas sustaining factor, how
e[eF. and the market rallied during the
altcrnoon on buying by near month shorts
whlie buying of March by trade interest s
was accompanied by reports that spinners
We're calling cotton.
The rally from tho early low leyel wac
Encouraged by private cables reporting
that Manchester was doing very big
M business Earlier cables from Liverpool
sdln the advance there was due to the
nigh market for Egyptian cotton and GOV
ering by Manchester stocks According to
iocaI spot merchants there is not much
interest in old crop cotton, but a very
fair inquiry for early new crop shipments
from the South with little or no change in
the situation.
The local market was steady and 90
points hg her at 1885 for iniddling No
sales We're reported
Inc range Of prices follows:
New-York tribune., 1920-02-17
Hercules Powder Receipts
Show Big Decline i'm 1910

Powder Company FOR the wear endod
december 81, 1919, fell of sharply, the
annual report issued yesterday shows,
amounting to only $50 539, 1856 com
pared with S45,556,052 in 1918.
After expenses, deprec alton. taxes.
etc, net earnings were S1,579 193.
equivalent, after the payment of S374 >
QUO III preferred dividends. 20 sl6.S5 a
snare sl00 par, earned on the ST..
100000 common stock, which compares
With ,603 or $2T15 a share in
IN me preceding year. Surplus was
sl'zoo, ,294,. a decline of $735 ,S09 from
the year before.
New-York tribune., 1920-02-17
FURS-Squirrel and Fisher
Bring Record Prices at Sale

Record prices for squirrel and
fisher skins were paid yesterday at the
opening OF the winter auction con-
Quoted by the New York Fur Auction
Sales Corporation in Masonic Hall. Tie
700 fur dealers who packed the han
applauded when the best lot of 200
squirrel skins was knocked down for
S265 apiece. The maximum price for
squirrel at the ST. Louis auction, which
closed last week, was S2.40. On an
average squirrel prices yesterday were
100 per cent above those of last
October at the New York sale, when
prices advanced 35 per cent over the
previous April
Fisher showed an advance OF so per
cent over October, the best skin bring
ing a record price of S305. In April.
1919, fisher advanced 60 per cent over
the previous February, and in October
advanced 10 per cent over April.
Mole. which during the sales last
New-York tribune., 1920-02-17

samuel NJ. Nauclain, president, stated
In the company's report that its do
mestic business last year showed con-
tlnued curtainment and that the for
algn market was the chief source Of
orders.
During the year the company paid
$l,OSS 800 of its first mortgage bonds
INTO the sinking fund, leaving outstand-
ing IN the hands of the public IS ,9O2,-
GOO. now the only debt on the com
pany's books. He asserted that liouda-
tion Of the Eddystone Munitions Com
pany, organized to handle war bust
ness exclusively. was proceeding rap
IDLY and it is expected that the lioui-
datlon VIII have been completed during
the first half Of 1920. Unadusted gov
ernment claims at the end of the wear
stood at S7366Sl.
The balance sheet of the Baldwin
company showed that at the end of the
year current liabilities stood at $5,405,-
0S4, of which S20S5,117 represented
accounts payable. 81 .666, ,O97 depositors'
saving fund. S1,293,972 special depos t,
S250000 Russian deposit and $1O9, ,o9G
in advances.
Current assets We're placed at $3l,-
772.353, of which 10,565 ,62l was in
. inventories, S7,323 500 in accounts re-
ceivable, s1799, ,632 in bills receivable,
S7,046457 in Liberty bonds, $685., 500 in
British bonds and $3,441 ,020 in cash
Marketable securities were valued at
$633620.
New-York tribune., 1920-02-17
Baldwin Earned
S21.88 a Share ON
Common Last Year
Annual Report of Locomo-
tive Company Shows Big
Decreases in Sales and
Amount Set for Reserves

The Baldwin Locomotive Works in
1915 earned S2l.SS share on the 500
000o0o common stock outstanding,
after all charges; including s2,oOo,ooo
reserved for Federal taxes and 1895
600 set aside for depreciation and
other adjustments. This compared
with S2l.75 a share earned in 1918, but
in that year the reserve item totaled
S15.0O9Sl6
In the annual report issued to stock
holders to-day it is disclosed that the
gross sales for 1919 were sS4,307,777,
compared with s123,179,252 in 1918, the
record year of the company in respect
to the total business handled. In the
following table is shown a comparison
OF the income accounts of the last two
calendar wears:
New-York tribune., 1920-02-17

the bonds Il commission Of half Of one
per cent. The price of the bonds,
which will be offered at par in France,
to the American buyers will be based
on tho value of francs in terms Of
dollars in the foreign exchange mar
ket on the day before each sale Is
made. The price in the United States
will fuctuate from day to day. 1t Is
expected that market will be organ
1zed u for the bonds in this country, and
listing on the New York Stock Ex-
change may be applied for. although
the French authorities have not made
a decision on this subject yet. The
bonds will be offered in denomination
OF 1000. 1000 and 10000 francs. II
francs were now at the normal parity
the 1000 franc bonds would be worth
approximately 5000, but at the present
rate of exchange only slightly more
than $70 The dcfinitive bonds will
not be issued until after the loan has
been foated, but meantime ad interim
certificates will be used.
At the French financial commission
offices at Rector Street, it was said
that the proceeds of the loan would
be employed mainly for three purposes
first, to provide funds to reconstruct
the devastated regions of Franco anG
thus to anticipate German reparation
payments, which have no. yet started
second, to reimburse the Bank of
France for advances and thus to retire
perhaps 3,00O00O,O0O francs of paper
currency issued by the bank, reducing
imitation to this extent; and, third, to
fund the t1oated indebtedness, which
amounts to some $4,000, 100000 francs,
and, in this connection, outstanding
treasury bills will be exchanged for
the new bonds.
1t was said that the French govern
ment hopes to be able to spend be
tween 15,000,o00,000 and 10000 900 coo
francs this year for reconstruction in
the liberated areas. Eventually, it is
expected that this outlay will be taker
care of by payments from Germany
New-York tribune., 1920-02-17
range of prices follows
Butter. Cheese and Eggs

Hutter-Receipts were 1928 packages.
Creamery. higher than extras ID, ST. n
49, sse: extras Z, eS score S7c tirsts 90 to 81
q &C; seconds. SO TO 81 score $50 5Sc:
lower grades, 5l@54c; held. lirhsr N
extras, 6S q o3i2c; extras, 61is q 62Ae;
higher than extras, 70h @71c; extras IS
a zoe; tirsts. s2m57c; seconds, $50 soc
state dairy tubs finest, 64@e5c; good to
renovated, extras, 55c; ilrsts, 53 fl54c; imi-
tation creamery. nrsts, 40 t4oc; ladies.
current make, frsts. A a toe; seconds. i /
stock. current make. No /, 4ll2 &C 42c No
> 40l9 q 4lc; lower grades. 80 @40c
Cheese-Receipts were 1857 boxes. State
whole milk, fresh fats, colored white
clals 80" Sic; average run 2s y q 20 J.. c
lower grades, 15021c; twins, held. spe-
cials, colored or white 90 y a soc; average
run, IS Il a 2sc; lower grades. is 27c: Wis
consin, whole milk, twins, 2S n - l.c Singh
Daisies, fresh or held. 3om3 3lc; Double
Daisies. 3oGt sic; Young Americas. $50 33c .
to choicc, Ii n l6c; fair TO good, 110p 13c &.
lower grades. AZ nc.
Egss-Recelpts wero 13,O94 cases Fresh
gathered. extras dozen 81 @62c; extra
poorer, 54@56c. dirtes, 30. !. 52@ 58c;
checks, good to choice, dry. 4lGo 4Sc: re
frigerator. firsts, charges paid. 4sm soc:
seconds. 424 47c; under grades, l0m4O :
state. Pennsylvania and nearby Western.
hennery whites extras. zoe; frsts to eN-
ira firsts. So q 69c gathered whites, frsts
under grades, e3@d5c; rullets, OK 0G0c .
Pacific Coast, whites, express extra frsts
to extras, 67@7oc hrsts, GA G6Gc; seconds.
6o@ 6Sc; pullets. Pestaluma, 5s q 6oc
southern, gathered whites, so O6l67c: state,
fennsylvania and nearby, hennery browns,
mixed colors extras 61 q 62c; iirsts to eN-
ira frsts, 5S q soc.
New-York tribune., 1920-02-17

+
Tor 1920 delivery. This condition ;s az.
Iflouted to scarcity of high grade glove
ieathers and the difficulties of obtain
ing skilled labor
Mocha leather is very scarce and
the manufacture of gloves made OF this
material has virtually stopped. These
gloves, which formerly brought $40 !.
dozen Wholesale, are now bringing $50
dozen and more. The price Of All
leather gloves for the fall of 1920 will
be 20 per cent higher than tie quota
tions asked in the fall of last wear.
Mems gloves that sold year ago for
S25 dozen. factory price. are now
quoted at $40 dozen. There has been
an increase OF 50 pair in the price
OF gloves since manufacturers deter-
mined on the quotations for fall anf
new demands for increases in wares
made by factory workers Indicate
another advance by March Is,
New-York tribune., 1920-02-17
Business Troubles
Petitions in Bankruptcy

ATLANTIC SHIP SALVAGE CORPORA-
shD nss"Ts
way; liabilities and assets not stated.
princlpa' creditors are; Frldal1n - NELSON
Chris d. schraman & Son: Ino.. S7,o5sS
Petitioners attorneys are Hedges. ELY &
FranlSel 165 Broadway.
PUBLIC SERVICE MUSIC AND NOV,
ELTY SIIOP-lnvoluntary petition hled
against Public Service Music and Novelty
shop. of 1882 broadway Liabilities and
are: Siberbusch & Co. Inc, $64 Herman
Grossman & Co.. $53. Success Postal Card
COMPANY; secs Petitioner's fr, 8, attorney pt is
IKE SCHLANK - Voluntary petition
nlcd by Ike Schlark. OF l$5 West
5se prhcpa o''ss creitors ar
are: O. j. Buck $4,000 First National
Bank, Boston, $1,000 w * r. brewer e., and nc
attorney Is Arthur l.. Pullman. So2 Broad
way.
Schedules in Bankruptcy
Schedules in bankruptcy filed in the
I.OBO MAcARONI CO. INC.-schedules
Of the l.obo Macaroni Co. Inc $50 and 53s 81
ties and assets as not stated. Principal
creditors are: Gottfrted Baking Co. 81, 237
Samuel Eckstein, $2.1o7; Corn Exchange
Bank. $500. Petitioners attorney is Mark
G Holstein. so Nassau Street.
Assignments
Tho receivers in bankruptcy appointed
in the United States District Court yester-
day were follows:
ATLANTIC SHIP SALVAGE CORPORA
TION~~Judge Augustus N. Hand appointed
Charles birmingham receiver for the At
lantic Ship Salvage Corporation, with a
bond OF $4,000.
Discharges in Bankruptcy
Discharges ir bankruptcy granted in tho
United States District Court yesterday
were as follows: William :. Croiley. VIM
cenzo Moinero. Rossie B. Gockel. Barnet
Zirobof Perl & Winter. Otto w. Lowe,
Arthur V. Clarke, Louis Aekin. Daisy T.
Gerske, Frank G. Moore, Louis Nj. Hemin-
way. Morris Wehrnan and Irving Fogdon
New-York tribune., 1920-02-17
Sugar and Coffee

current Year
Sugar, granulated per lb ....l50ls .
Coffee, Santos No. A. per lb. 24G24is -
SuKar.-The market for raw sugar con
tinues to show signs of weakening on the
noted to make sales There was "a sale
reported of 10000 bags Cubas, March shin
inent at 9lac +. o. b. Cuba which is II
shade under 10c cost and freight basis
mhe market for sugar futures rcopeneu
Yesterday morning, after having beer
closed since August Is. 1917, at tho re-
quest OF the government There was a
large attendance. but trading was yory
quiet Wlth May contracts selling at 100
or &c below the cost and freight nrico ~
raw sugar a week ten days ago. T.at"r
May sold off to assoc, JULY TO q r5c snG
Stept"naher to a75c. business for Tho sa,,
totaled only $50 tons '
'ohee Futures-Th~ market opened a.
to the steadier Brazilian cables. and d,,r
ing the carly trading Wall Stronl hour,
We're the principal buyers, attrlbutcd to
orders from Europe. together with SOM
ucnand from coumission houses. Trade
concerns were sellers Late in tho dav in
NE absence of selling. prices advanced tn
4-55c tor March and to ! i 50 for Scptrn,-
Der CLOSING at net gains of | . to is points
firln offers from Brazil showed prac.
tlcally unchanged prices there and offer-
spot market prices were "A little nrner
no 7s at l41@c and Santos As at &c to
- 12c. with business, however. quiet
. shipments OF coffee 10 Hamburg and
to London Genoa, Antwerp and to Copen-
hagen have been heavy Ifamburl, ana
Bremen, before the war, were sellers ~
coleo TO these markets, but now these
markets arc selling TO Germany and Aus
he range of prices folIoUe.
New-York tribune., 1920-02-17

fall and last spring showed no ad-
vance over previous prices, yesterday
took so per cent jump, when spirited
bidding ran first class skins to 70
cents apiece.
Badger advanced 10 per cent, com
pared with October
While the hall was packed with
spectators actual buying was con-
fined to a group of large dealers in
most cases.
New-York tribune., 1920-02-17

with the result that producers in some
cases have been forced to meet the
reduction. Some manufacturers are
hopeful of a revival in the demand for
trlcolette, while others are turning to
new style fabrics.
New-York tribune., 1920-02-17
Observation-Disclosures
Sold Up on 1920 CIores

Several manufacturers of leather
gloves are sold up to January, 1921,
while others are so overcrowded with
orders that they are considering the
advlsabllity of issuing instructions to
their statesmen to take no more orders
New-York tribune., 1920-02-17

NpOt NTuFkets New OrIean
steady. unchanged at 39.25c; sales sO3
bales Mobile nominal. at 3sc sales nil
charleston vuiet. unchanged at CSC !;
sales. nil. Norfolk steady UNCHANGED at
$500: sales, 5S4 bales. Augusta quiet un-
changed at 3S.@5c; sales, 4O7 bales Mem
bales. st. Louis quiet :" unchanged at 3gc :
sales. nil. Houston steady. unchanged at
4oc; sales, 20S bales, Little Rock qui t.
unchanged at @sc safes. oo7 bales Dallas
steady. unchanged at 42c: sales, 59G bales
Tort Worth steady. 20 points higher at
4 Oc. Sal.4 h.lIa
New-York tribune., 1920-02-17
DIVIDEND NOTICES
UNITED FRUIT COMPANY
DfNIpFND \n 2e

iII IUIND No. 81
quarterly dividend OF three per cent
three dollars pr share) on the capital
stock Of this Company has been declared.
iaysbie on April i. 1920. to stockholders
q record al The close of business March
p, 1920.
JOHN ". DAMON. Treasurer.
New-York tribune., 1920-02-17
Southwestern Power & Light Co
Preferred Stock Dividend

shs regular quarterly dividend Of one
ssa a.. 'hree- Quarters per cent Il 3. Ts) on the
sre,erTed stoch of Sout hwestern Power &,
taFch /, l--s. to stockhoilers Of record al
le close OF business February 10, 1920
WILLIAM KIlSER, Treasurer
New-York tribune., 1920-02-17
Busi mess y G w s

hh increase the
last indicated that
ahad OF their immediate
buyer OF bills The
acceptance market dull, tes - 7
New-York tribune., 1920-02-17
COTTON STATISTICS

Liverpool cabies-Spot cotton fair
business doing at 1$l points advance on
the basis Of 30.9Sd for middling Sales.
5000; American. 5000. Imports. $1,000:
American, $4,000. Futures opened frln at
u TO 80 points advance. closed steady Mt
Al to 81 points dr-ilne. March, 284Od:
May 26sod; July, e5.t0d October. 23lod
December, 22.l6d. Manchester: Yarns, fair
business doing. cloths. good demand
New-York tribune., 1920-02-17
Livestock, Meats, Provisions

Live steers fair
TO prime, loo
lbs. ...... .s12 90 @ 10. 90 sl3.oo@175o
ID Q beef
sides, lb ...... .17W 20 1870 27
Live veals, com
mon to prime
r, 100 lbs :..... 1s.ooGs5.Oo 1s.Oo@2l LOO
city, lb ..:;s 500 81 .22@ al
, lbs, lbs .,......::.. s.oo912.5o sooQl1oo
n.at city, lO , .2oo .es .ls@ 81
city. Id ....... $40 40 .27n0 al
logs, 700 lbs. l6.00016.50 1s.00Qls
Live lambs. fair
TO prime. 100
lbs ............ 21.OO6i230O II 0O6Is on
Dressed h hogs ~ - y
bacon, ID .22a f23u oASo oalL
Mess beef bbl... Is 00fl1s 90 95 o0as a. ~
Mess pork, hbi. . 43.0O9u440O a. COZ a. 20
Lard, Mid. West '
100 lbs ....... 2lsOQ2lao 25.7Q@2a 50
New-York tribune., 1920-02-17
Cottonseed Oil

An upturn in lard SERVED to give tho
cottonseed oil market firuer tone and
prices showed net gains for the day of
I6 to 81 points, Offers were small and
there was a better demand from commits
sion houses which recently had been con-
spicuous the selling side. The export
outlook was not considered especially
bright however. despite runors that cred
its were being arranged for German cred
it's In hog products Total sales for the
day were 10,l 90 barrels.
The range OF prices follows: