davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
Manufacturers Take Position
OF Selling Short i'm Hope
of Later. Profits: Seek to
Keep Workers and Market

Ire drive FOR lower prices begun last
spring b. what many in business
chose to regard as the Joint action Of
the public and the banks, the former
in hating buying activities and the
latter in Tightening credit, thus fore
ing liquidation. is being prosecuted
with renewed vigor by almost every
factor IN the production and distri-
button Of merchandise.
IN some lines, notably textiles and
clothing, manufacturers have gone a
long way to meet the buyers ideas Of
proper prices. In some cases prices
are quoted at or below the cost of
production, the manufacturer standing
IN the position Of stock market oper-
ator who has sold short. In such cases
the manufacturer expects his produc-
ton costs, either raw material or
direct and indirect labor, to decrease,
and thus give him profit.
In other cases man ufacturers assert
that they do not expect to make a
proft for some time to come, but will
he content to hold the5r organizations
together. and above all to hold their
old customers, 80 that when the time
comes that legitimate profit NAV be
made a ready outlet for their products
will be available.
hltch IN the resumption OF the
steady flow Of merchandise undoubted
ly exists at the retail end of business.
the last link in the productive and dis
trlbutive chain. In all lines of mer-
chsndise the retailer has set himsel {
against buying in a large way. In fact.
his present purchases, according to
manufacturers and jobbers, are much
below the old normal existing before
the war threw industry into chaos.
The buying representatives OF retail
concerns express themselves as ready
to commit Themselves for good guam
titles Of merchandise, but assert that
their merchandise managers or the
financial heads Of their firms will not
permit future orders to be placed at
present. In the main the retailers are
depe nding upon the spot market for
merchandise to supply their immediate
and near future requirements, and
orders for future delivery are placed
sparinply
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23

completion is evidenced by the present
total OF $4,000 gross tons, compared
with l.975.Qo0 n the beginning Of this
Year and %.77$3 900 tons in March. 1919,
the hieh-water mark Of American ship
building. Not one new keel has been
laid for the shipping Boards accoun,
IN several months.
A continuance OF the decline in the
volume Of orders for private account
which was first manifested in June is
stat noted. In three months the de-
crease has amounted to $4,000 gross
tons.
An analysis prepared from the rec
ords Of the Shipping Board. the Ameri-
can Rureau OF Shipping, !loyd's Regis
tor Of Shipping and the Department Of
commerce shows that at the beginning
of this year the Shipping Board alone
had more tonnage building than the
board and private interests combine d
have to-day.
Records compiled since last October
by the association show an unbroken
decline IN the work under way for the
government and indicate how increases
in private orders have been converteS
into losses. The total in hand, in
gross tons, for both accounts, is given
IN the following table:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
'~ers-F. Iraxcr. furnishing goods:

s" rs-F. IIaxer. furnishing goods;
Sd. s-sonnenaeid's: Afr Ackermar,
reDree s3nsirs: g West Thirty sixth Street.
ST LoC3s-sttx. sasr Fuller Co; Miss
]in- Broadway.
TERRE I-ACTE. 1nd.-Root u Ct Co: ".
}. oBsS.e, silks. sat!ns and velvets; -
East Ia'enty- sixth Street.
Tci4ETN0--Lion Dry Goods Co: W. J.
f We:scr &r.. dresses; &c East Twenty sixth
sai4. s,s ss,. ssevs A.'ss1
% East Twenty-sixth Street.
TolEpc-- Bon MArche: Mrs. Graves,
hiouSes, pe.tcoats. niddies, sco Fifth
TOLEDO. -. =. Miner Co: Miss Roch,c
unacc,S~eAr extra sizes only. siIk Gov
Far. ,3i Weat Thirty second Street..
UNION CI$eE. Tenn.--Phii Hyman; J. H
zasa: "a ss' ready to wear; 1sl Wet
UTICA Y.-Geid steres; Mr., Moscov.
Uses goats and Jobs on suits: sss
wAKFES' Leonsrd.on- woleost ce
wAsH Hc;Fs Kann AG Sons s's Z Co; T
wAsHISGao Woodward Lo,hrop: c.
@s and Fa e.aay sssd fo44s dsle Az
wATERv1aLE. Me- EmeryB Brown Co:
arc Broaadway.
wrNsToN-sALEM. " CHI e. volge-.
rnilltnerr: penpsyivania.
WoOESCCEfCT. r. Union Handkerchief
Co; J. Roy. handkerchiefs; GresorIau.
WCRC ESTEs:, Mass.J {. Mclnnes 4
Son: A., VI Ausuchon, hosiery ribbons.
ETC: a3c Fourth Avenue.
NO9sCESTYhs Mass.-John Mcrnues &C
W. Aubuea on. hosiery and gloves: 49,
Fourth AVA nue..
CASTS wo,, ems ready 10 wear r and II chill
drrn's wear Aic4zar.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
Buyers Arrived
FairchiId Service

ALBASY-Gold Stores: D. Gold. nisses'
coats 1855 Fifth Avenue. room 1l2.
AUGUSTA. GA. p. White CO.; r B.
smith trunkr. jewery. patterns; James
toArt goods. umbrellas. &c East Twenty
sixth Street.
BALTIMORE A,nerican Wholesale Cor
poration: n, s. Nrssersmi.h, remnants;
2s4 Fourth Avenue.
hALTlMORE-H. Straus. mems wear
Modern Cloak Co: II. Max
over. Soolsns. Jobs coats and suits,
dresses: The Annex.
BALTIMORE-S Stewart & Co.: T L. Shan
nahan, mems furnishings; Yves. Thr-
ty-sev"rth Street
BAREESNILLE. ohio--T> & J. Bradheld
BiSGnAMTooHo Dry \ s' ?cp fi"s storss Mr.
Gelh. mss~s' coats Of better grades; 36s
Ftfth Avenue
BoONV1LLE. y. CT T.. Hayes, clothing
and furnishings: Imperial.
BCSTOH-Jordan Marsh Co.: +. A. Bur
dick. women's coats, skirts bathing
Knowles, fanneis, basement, p /.
ke"fe. misses coats. skirts bathing
suits. furs: +. {. kemball, wonlen's COS
TUNES; w. q. Titus. music and musical
!n5truln"nts; Miss A. l.. Regain BOYS
hats and furnishing goods; 80: Fourth
Avenue.
Observation-Disclosures Co: IT, McCluskey,
, costumes: 200 Fttth Avenue
boSTO N~-She pa rd -Norw-il Co. W Ner-
III. shoes; 22o Fifth Avenue.
Brener Co.: Charles Jarvis
=, !ewe!ry. toilet articles. notions: Broztell
notions. leather goods. toilet articles:
Miss w. l.. Dimock, assistant notions
432 Fourth Avenue.
BoSTON-C. F. Hovey Co.. Miss O'Cal-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
More Cuts i'm Cottons
Finished Goods Lower ON New
! Basis for Grays

Further price reductions in finished
cotton goods are making their appear
ance almost daily. Recently the cuts
have been heaviest in ginghams and
cotton fanneis. The trade is watch
ing. the leading producers of percales
! and denims for announcements Of new
price lists on those fabrics.
Fancy printed goods have been re-
! vlsed downward By converters come
Of whom assert that they are getting
/ liberal volume Of business because
OF the deep cuts they have made in
prices. One such converter has priced
MS entire line OIL the basis of to-day's
replacement cost, taking a loss on the
majority of cloths which he purchased
! some time ago at higher prices.
The stoppage of the downward trend
| OF gray or unfinished goods has given
/ many converters the idea that basic
fabric prices are stabilized and fur
nish starting point in the figuring Of
new prices for finished goods.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
usiness N e VS.
Trade Factors Continue
Drive for Lower Prices
Say Retailers Hold
Key to Trade Reuiral

Losses already taken by silk
manufacturers nave placed goods
below cost as figured to-day, but
similar losses on goods in stock
must De taken by retailers. JOB
bers, garment manufacturer and
other factors in the trade before
business can revive, in the opin-
ion Of Albert Tilt, president of
the Phoenix Silk Manufacturing
Company, one Of the leading pro-
ducers OF broad silks and ribbons.
"1f the retailer will only do his
part toward readjustment," Mr..
Tilt said yesterday, business will
become normal quickly. What
Mr.. Ford has done in the auto
mobile industry at one fell swoop
silk manufacturers have been do
ing for some time. We are sell
ing goods at from 10 to Is per
cent below reproduction costs.
This applies only to goods in
stock. Of course. Few nanufac-
turers are willing to accept fu-
ture orders on this basis. II the
cuts that have been made by pro-
ducers will only be passed on to
consumers there will be a stimu-
lation to business all along the
line"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
TR-ANSPACTF1C MAILS

n" connecting IL ais clos. at the Cen
So! ostcE'ce ana CITY Hal pos;oTlcs
" ~ -Ne~ fcrE. a. + L. m. az foilowa
sp%h' t'o-"a. % n. >.beria Ss--
r inch ndo-China AMI E.th~r;ands Eas:
IA SHa;ilo, s. ~04.hIp Hawaii Htaeu.
HsTs' va San Fra nc.sco. steamship
he'nlina. aepterlher "a
apa1. toFsa and hina Especially &C
ar~ssNd only, via S@4ttie. steamship e.
c:ldg", SepleI.bsr o5.
., Ha~ar Japan. Norsa. china Siberia
r rench lndo-' hina and Netherlands
s Ie !hdies la San Francisco. steaInsh.p
rl!! islands, Australia and New Zealand.
VIA Victoria aud Vancouver, T. G., steam.
snip Tahiti. September %.
Ha*Al: tfuatn and Philippine Islands.
wa "a n Fra nrisco, steamship Great North
ern, September 80
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23

isa"7: wn-,sn's serge. 5ersey and t-ico-
t sf S:esi:s ia!srss cs Mis-, xsn.
1soaoey. ,vo11en's coa: ::' Mrs o'connei T.
gowns. 10 Eas: Thirty second Street. sth
8osToN~E H. white Co :'R ~. Dean.
to- ana notions: G. soie-. carpets aLd
rugs. 433 Fourth Avenue.
BOSTcN-C. I. Hovey Co: G. c. Chap
man. fars. 1854 1s-oadwar.
BpSTON--GEchr'se 60; Mr. Cohen. wem-
s.,rls' and ;untors' s,rSsse. aae coats
Ntiss Heiln,r. womea's and children .
"a n'.;'a go~ns see3;ns garments,
q -"pular priced close oats: 10 ENt =
sos 7'o,;-E T siat.e-y: Mrs. o'conne;,,
'3"' me COWS: nfss Walsh. waists: Ms
nRipGEFoRT, ton,r-Eowisnd D. G. &c :
:. :: G-.sutns, ,arpe,s ard uphoissery.
.'"'1 r7rrs Furnishings. knit underwear.
"a n4ke-chief-, gloves. ADA Fourth Aye
BIFFALo-l7. A. Mcld-u= Co: r. Y.
H"a'y. silks. cotton and wooden piece
sod :; Far; Ar-nUe
HuFFALo--J y Adam Co: M Healev.
color"d wash goods; Miss porley. Inusin
stinehsrt. upholstery. draper,es and cur
,alnS : West Thir!aeTerth street.
H. n. Noel, coats and suits; I:9 West
Thirty sixth street.
cs ~ Bros 49, : Co.; e r Bar,
Thirty seventh street
cHIrAGo- Kabo Corset Co; A. V Brown.
sorsets and brassiers; rs East Twenty
CHlCAGo-J. Meyer. dry goods; Pennsyl-
vania.
io@. tiinery Ac Miss y Go sarl s's' A.
fsn's' and childrcn's dresses; IFS Fift b
cHtCAGo--Carson. Prize Scott Co: =.
ilerce. shirts; e Holmes. meme fur
nishtnss NJ tortiss, ginghsH,s; 4oA
CHIC AGto-Mande1 Bros: Miss Nichols,
r, m,Ii,nery: IS East rwent, second stree.
man. handkerchiefs. iaces and erbro!d-
cries: $50 Fitch Avenue
oLE ;1.: NpLind9sr c.: Mss Hum
sport apparel; 10 East Thirty -seco nd
DALLAS-1. II. We'll s. Co.; I. II. We'll;
a'>,r,s. Isl Broadway I' anu dresses
DAYTON. Ohio Rik- Ku,nler Co: D. Nc
tarthy. house furnishings, ::5 Fifth Ave
DAYTON Rike Kun1le- Co; slr. Bourne
S 9.. suits and dresses skirts: :ci
DAYToN-Riks .Kumle- Co: Misa Russell,
ribbons; D. T. MCCARTHY. house furnish
DESvER-Denver D. G. Co.: Miss J. e.
Wendell. children's wear. 900 Fifth
MssS and suss s': rs Fin G Ave- Assnus
DETRoIT-J L. Hudson Co: J. M.
Blvsns. silks cotton and WOODEN piece
DETROIT-J. L. Hudson Co. Miss Schulz,
waists and sweaters; Miss Webb. ladies
suits: Nj. Bivens. silks: 2:5 Filth Ave
GENEVA. Ohio--J. b Fuller Dry Gooda
o.: j; 3 Fuller. dry goods.
LANCASTER, Pa.-Haser & Bro: Miss
X. x: F :. * KE r. ar. goods; Eresin.
sullivan, ready to wear; 432 Fourth Ave
LoC1sv1LrE. n. c.-M. c. Pleasapt, arv
MESoMINEE FALLS, wts.-w. A.
uE sshTids: T2 ssn ins'runents; Aca7ar
3 Mrs. NJ " Ispe, ladies' ready to wear and
wtar. sweaters. mems furnishings; 20
MOBILE. .Ala.-G. Meyer. mems wear;
NAsHv1!LE. Tenn;--castner, Knott Co.:
SE tvs' u lSeE:y sise eb sIrse' u,cno.
rhoi, cotton and WOODEN piece goods;
NEW HAVEN conn-shar,enbers & Rob
II. GalI'gan: gloves, linens. art goods;
James A. Finnigan. toilet goods; 4ol
Fourth Avenue.
NIAGARA FALLS-Mack's; A. Mack.
ladies' ready to wear: i4I West THIRTY
third Street, list floor.
NORWICH. Conn.--Iorteoue MITCHELL. A
l.Homme, piece goods: AS: Fourth Ave
Mr.. ]. NJ. Lee, hosiery; 4a2 Fourth Ave-
goods; II Leonard Street ''e0'
PHILADELPH1A-C. Fine. carpets; Bres-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
Reports by Wireless
From the l.. >. Naval Commu-
nicaaiOn Service

Iitts.srces given ~ miles: r~ports ar'
aA,-.! ~ noon un!"As otnNrwls" sp"ciaef.
Agr,a 20 SE Cape 'hart~s ~ sept -.
sgwidal~ ac5 r. Atnbrose sept 90.
Ag~in,oon 20 = Jupiter sept 81.
Allentown ess e Palo 1,Arco Sey, 81.
Alliance 2-1 y Cr!stobaf a u sept 80.
Au,l~'atr 81 \ jupiter SEPT -.
Artitla 8" Scotland + 81 sept 80.
Ari,rgton pnep~d t'ross Nip Light sept e.:
i. sn bo.p = r lia'.eraa Hep, q.
Aaauejn ro7 8 Ambrose e~pf o."
As,rai :, csas " Ban pedro 3 j. $ept 49,
h.~ua, ; w "sp~ san An+orts etpi 81.
Uaidhutts ~ EW Uat'erAs sgt Il.
Ear gfnfbop $50 ~ Jupiter seq, 81
HAy Head fto = by E %An.uck~t Sept 20.
H~.oit 20 ?gE JacAaonvifs Sept 81.
1riliIan, gao X Jupt"r Sept ~,
jiyisyl 2e rsps Charles SEPT 81.
brsrpoFs se1 II SANDY 1Toos p ~ se., -
'aJnrH' pr ols tate Henri . r ~ 81 p. :.
'aln%sr"r *f' -" liaf.~rAs Sept .,
'al4sp~ii 80 y = upitsy Hep. a.
.rstao .s2 ~ Ambrose Sept 81,
'Ar,aGoej ~ - jupiter Fept II
G&aAaDYe $50 b Axabress 9s9t en-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23

dr,o.tH7es rs s HAY Luckcn bach.
,,la' G hal--S Ca!cu;;a Ma-u.
'taFre--S : Royal Prince.
AN 's-.S Stephan.
:'o7-n7-5 :; Bardir
l-iFN-rooi-S = Bnttlr'
Icon BE-, : 'r-alo-,l IIa.i
Arrivals from New York
cH"os Ay--s-S = DrTde1.
80 ana ro--S ; T-nnyeou.
para's1-S S Fsscoui
Nti.'nC ;nn-S : NAH.
'5!saEo us s Columbia
=; Hlchse.s--S s Britannia.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
Non-Membe1

"cst Hepburn lat 10 n, lon 1856 W, 8 PM
Sept 20
West Montop 4co W Los Angeles s PM Sep.
Vest Neris 200 " Honolulu PM Sept 20.
West Totant % Sc harleston Sept I'll
Sept II
Wihelnina 4:5 W San Francisco PM
Sept 20.
William lsor 1o3 NE Lobos Island Sept 90
mona 700 Scotland IE PM Sept II
Aacapa 81 Scotland I.E Sept 20.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
"Private tonnage lead.

"PTlVate SOnnage lead.
Tankers under construction for
private account showed in August the
first decrease recorded for vessels Of
this class. Freighter tonnage con-
tinued the decline which has been un-
broken since last April Conditions
have now reached the point where COM
pletions of vessels are materially in
excess of new tonnage. Fluctuations
in the amount of tonnage of various
types being built in the months of the
period under review are summarized
rs follows by the associat ton, the fig
ures being in gross tons:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
York banks to absorb such paper being
limited and sporadic.

Rates continue at 8 per cent for the
best known names and 81 and some
times sh per cent for names not so
we'll known. The distribution of bank
ers' acceptances, especially among m
terror banks, also is growing. New
York banks also are buying some. The
open market rates for this type of
paper quoted yesterday by the Ameri-
can Acceptance Council were as fol-
.ows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
Commercial Credit

The commercial paper market is
broadening daily. although rates con
tinue at the former high levels. Most
Of the commercial paper being issued
in this section is finding buyers among
the interior banks. the ability of New
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23

|
C Chsmoles -. passed Cape Henri Sept g,
city OF Reno 500 Honolulu pm Sent 1s
Clauseus lls n Colon Sept o.
Coamo 6s6 Ambrose Sept 81
Cody s6 " Jupiter Sept al
COLORADO Springs c.T64 " San Francisco .
NJ Sept 20.
Comus Jupiter Sept q.
/ toncho $50 s Scotland ], V Sept 81
Coppename 1ss South Pass Sept Fl.
corning Tampico Sept q.
Coskata l75 Wintsrousrter Sept y,
Cowan passed Gay Head Sept "a
Delisle II f Delaware Breakwater Sept a.
b Di.wyn 80 49,, Delaware Breakw. Sept -
bi ,r;yo n l:sa 1n San pedro m Sept 10
Durango 1.4so w San Francisco N
I Eastern Admiral 2,2o4 " San francisco :
Eastern dien la, 81 90 n, Ion "a o. W,
Howard L Doheny Jr $50 sw South Pass
Ee ~; !. Dohsny III 1879 s Amore1s
Fl Captain IS NE Jupiter Sept 81.
E! Pa s:l WEw Tortusas Sept Il.
hi ssgundo 1,s45 W San Pedro n.
Endicott ZOO from Seattle m Sep. 20.
EsssH III SE Senas HDf SEPT Sept
lrrredls r Kellogg lse + Tampico Sept Il.
!
Gene Crawley zoo Ta!npico Sept II.
George II Jones 1871 $ Hatteras sept 81
ss sW F sw rT sa 1' ssS sept ~
Gulffosst 434 Sc sabine Bar sept Il.
Guln ght ~ n Jupiter Sept 81
Nulf OF Mexico 1875 Sw Hatteras Sept o.
Gulf Star 2l2 Tampico Sept u.
Ilshatonha lat 5Sl4 8 lon 1911 W.
Hsleaka!a s2t E Honolulu PM Sept 20
Hsroid Walker Is Jupiter Sept 81.
HOLLY wood i.ot5 W seattle s PM Sept 20.
homestead SIS e Cape May sept a.
Hohnedasa la, 80 IS y. lon 81 81 W,
!luso,on go E Loeos Island Sep. ~.
John Adams - y Jupiter Sept 81.
Kermit sse E Ambrose Sept &c.
Il.neo pd Cape Charles LT 10 AM Sept o.
Lake Charlotte lat :s 81 y, Ion so4s W.
Sept 81.
Lake Coneaus 8 y Vera Cruz Sep. 81.
i ,as E TLs s. Scotland PM Sept g..
Lake rerrona lat 80 so y lon - 20 W 3
PM Sept 81.
Lake Torsey -: WV TortuEaa Sept -,
Lake GaSata :7o by e Gape Henry Sep.
Lake Greenbrier 8 y caro Hen.open Sept
Lake Indian 20 Sc Cape canaveral Sept 81
LsHe Ogden % y Jupiter Sept =.
l>dkH faaTI 40 y f JaekSoCH1lle sept u.
Lake Silver passed Cape Charles Lv Sept
l>nae Elevator .7s Nantucket PM
Sept Il.
Lax Win!co 100 f I.non Sept 81.
Lake Yahara lat 90 81 y Ion T5 &c W Sep:
La Toura!ne III Ambrose Sept o..
Lansing LAD from Port San Luis s TN
r.url!ne 1870 W san Francisco Pm Scp.
~.
Nanoa l,sa1 " san francisco PM Sep,
Msr.eaioo sss s Scotland ~ Sep. y.
M"SioAl. 20 = S9rtolk sept q.
Morro Castle sls A, a4 Sc s. Sept 81
A S,e'tn 81 F. 1sp. IIenry Sep .:
Munania- $40 S Ambrose SeY. Il.
M:s.'c = y Mona 1sfanl s. So, ~ 4.
Ontario e Fire Island sept -
O:'ssa passed cu7c Henry sept -.
P~snce lat 20 90 y lon rs g " sep. 81.
Fennsyi'an:a rs W Cap. San Antonio
T.on~er ~ ;, c-ss:ooa' Sep. -.
F:peston" County lat - so y lon So A. w
ron,ta lcS Fl Ambrose Sep. -.
ffinceRs Mato!ka lat Al IS y ION 81 .. "
Rayo 10 sW- Ha,tersa Sept q.
Rcd Hook 1850 from san PEDRO PM
R!chconcal ., y Coon Sept 81.
Robert NJ Thompson eco sw Ha;teras
S~pt 81.
I;ob!n AdA,r zoo Y San Juan Sept q.
Rochester 80 sW b. 5 I1Atteras sept IL
Salina 1900 W San Pedro IN sept 90
,'a'inas il1 \ Jupiter sept 81.
IA Paula 2@l Ambrose sept -.
sAra'r'Acc" @7i NE EnEl'sh Cay s~pt ~.
n iva
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
British Ship
Earnings Over
Two Billions
Government Figures Show
These Will Transform
Britain From a Debtor to
Creditor Nation This Year
Evyuort Excess Overcome
Receipts Of Last Half of
1920 Put at $1OO.OQO.-
600 Less Than First Half

Net earnings Of British shipping this
xssr will amount 10 approximately s.
se11 900 COO according to an estimate
aysnared by the British Board Of Trade.
figures prepared by this branch of the
pr;tisb government show that not only
sill This sum alone Offset the excess of
RATED Kingdom imports over exports,
s,,, xiIl place a balance Of 500 900 900
an the right side OF the ledger. Thus
Nv its shipping earnings alone Great
attain will be able to transform itself
tenn a debtor TO a creditor nation
taking as a basis the trade figures
Gar the first six months of this year,
,hs Board OF Trade estimates the re-
.nTns Cor the second half of the year.
s,,ivipg at the conclusion that with the
;n.one from all sources Of invisible
trsden including that from invest
msnts abroad, net shipping earnings
nd other services, the favorable bal
age OF trade for the year will be
sso,,t 5000 900 900 The division Of
80 ia eiyep as follows for the two
half years:
Jan,-June. July-pec-
Net income from
sho S' .... 100000 900 $780, 900. 900
Sss .-r,n s'' 1.l5o.ooc 900 1859 COO 900
Other services jP''oP''V'' AV''oo''"oo
fetal invisible
trade III, $50, 100000 s1'sse,ooo .ooo
Excess OF I'm
ports .....-. A.SooUo0'o'o 0'0'00'''''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23
Marine Reports
TEE TIDES

TIE TIDES
High water low water
AM PM AAI PM
Governors Island. A32 4:A7 1H:As w.
He'll Gate. cas- 644 12:4S 1893
Eote-The above figures are standard
time and not New York State time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-09-23

fetal Invisible "A.
trade 81, $50. ooo. 600 s1,&se, ooo.ooo
Excess OF I'm
po.tS ,SUV.ooo.VoV Voo'ooo'o"V
Phoenix tribune., 1920-08-28
IN HOT WATER

Iis said that misery likes company and perhaps that
accounts for the satisfaction with which read the
recent tits between the editor of the Arizona Republican and
of his readers We the opinion that possible
for experienced journalist to word his editorials in such
manner offend Since the developments it
plain to that such thing is impossible Our little ts
with readers have reached the that
churches lined against him. They the strongest organiza
ons the face of the earth and they persist denouncng
person thing, the inevitably must die If Mr. Spear
knows what is good for him and his he will seek adjust
matters before the thing gets We will fight rings
ques corrupt and the like but the churches
fight losing fight whenever do and not only that but
body will know that you fight you emerge
the fray Our sympathy to the who thinks he
big and powerful enough to fight the churches and
Phoenix tribune., 1920-08-28
LAND FEVER

The Cored people of this section Of the country been
stricken with of Land Fever and is breaking
Jail them This should be- Never before the his
tory of Phoenix have of been interested in
buying homes recent investigation shows that eighe per
cent of the Coord people of Phoenix their homes have
contracted buy them Ninety cent of those who
ling their homes renting from Coored landlords This
think splendid showing for city like Phoenix with Coored
population little than $500 city United
s not often that praise people highly but in this
cuar think they deserving of little commendaton
What would like to is group of put of
their together and buy business block 1t all right
home but then want to business too Let's
pattern after the Hebrews They the best business
the world
Phoenix tribune., 1920-08-28

to have had the most enjoyable time
of their lives. They were royalty en-
tertained while here and several din
ners and other social functions were
given in their honor
Phoenix tribune., 1920-08-28
CHANDLER

:. = :. = = = :. : : !. = :. :. : 4 =
Mrs. E. Temple Fuller. left Tuesday
for Prescott, where she will spend
two months visiting.
Mrs Jack Gray left Saturday even
ing for the coast on a business and
pleasure trip. She will be absent
about four weeks. which time will be
spent with her mother.
Cotton picking will open UP in full
about September l. The outlook is
good for splendid crop this year.
Mr.. and Mrs Ed Burkhardt of Good
year spent Sunday at the Gray ranch.
Jack Gray has been suffering the
past few days with a severe cold.
Mr.. Thomas Weaver is expecting to
leave in few days for the coast
Mr.. Harris is t'usy these days build
ing himself house on his lot in the
new addition to the city.
Mr. Earl Brown OF Phoenix is a
visitor in camp. He is the house
guest of Mr.. and Mrs. Nose Davis.
Lonnie Harris came in last week
from Casa Grande and is spending a
few days with his wife.
Joe Lewis and Mike Taylor of SUI
perior came over to Ray Sunday to
see their favorite team play.
Born, August 81, to Mr. and Mrs.
Frank Smith, an eight-pound bouncing
baby boy Mother and son doing fine.
The father has been kept busy pass.
ing out clear Havanas.
Baseball fans of Ray witnessed a
real game last Sunday afternoon be
tween Ray and Superior The Ray
boys found the wonderful pitcher, Sal
vador, of the Superior team in the
third inning and succeeded in making
three runs Then Salvador went up
in the air and everybody hit him, The
Ray boys feel like they can beat any
team in the state. Who is the next
victim. The score Sunday was 6 to Q
in favor of Ray.
William p. Crump and son, Bobbie
returned last week from Phoenix.