davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-02
STEAMSHIP RATES
BETWEEN AMERICA
AND EUROPE DROP
Supply of Shipping Over At
lantic Increasing Rapid.
ly, Say Experts.

LONDON. May L. Steamship
freight rates. especially between
America and Europe are due for a
huge slump, watered shipping stock
Is due for a heavy bump and con-
siderable disorganization IN the
shipping business is on the cards.
For months past conservative ship
ping investors have been unloading
their stock.
This is tho considered verdict Of
London shipping experts sir Will
liam RaebUrn, NJ. p, says the re-
duction OF IS per ton In bunker
coal here will start the fail in ship
ping rates. MegsFs. Donald Mac
leod & Co. representing 100000
tons OF shipping. give additional
reasons why ocean rates are going
down, reactinE upon the value Of
shipping stocks everywhere. Brief
~, they are.
Many Ships Built.
The worlds supply Of shipping &c
Increasing very rapidly. America
will build 1000. 900 tons this year.
Great Britain about the same
amount. and other European yards
about 500. 900 tons; Japan 1000
tons: Canada 100000 tons. Aus
tralia IS also building.
Dock congestion. which keeps
hundreds of ships idle for days and
keeps others tied up as nnake-shift
warehouses. Is being gradually re-
Heved and viii disappear in Eng
land. more ships will be available
for traffic If ships get back 10 the
pre-war rate OF loading and dis
charging their cargoeS shipping
will fall 80 per cent
Rates Quoted.
As an indication OF how rates al
ready are sliding, the rate on
Buenos Aires heavy grain 10 Lon
don on Jan. "a was 207 shillines
sixpence 20 any port between Glib
raltar and Rotterdam. Today the
rate is ITO shillings The British
governments controlled rate is 1I2
shillings Tonnage on time charters
Is 10 shillings a ton less than was
obtainable a year ago.
Another factor tending TO depress
very heavily shipping rates is chaos
in Europe and the difficulties Of eX-
change. which hamper information
al trade. Donald Macleod q CO.
offer TO lift any cargo in the Orient.
but cannot get any TO lift. The
eastern market is dead.
Europe Must Resume.
The only thing that can tempo
rariiy halt the downward slide in
ocean freight IS the possible resump-
ton OF international trade by Eu-
ropean countries on a big scale. For
instance, IL the Russian Black sea
and Baltic grain ports were opened
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-02

Ralph y. smith is a candidate for
the nomination for Congress, sub
iect to your approval at the primar-
les. Tuesday, May 4th.
Some mighty big issues viii con-
front the American Congress for
settlement during the years that i'm
mediately follow the 1920 election.
Men will be needed in Congress who
can and viii make a fight for the
masses as against the classes. OF
the two Democratic candidates for
Congress you must decide which Of
the two is the better equipped to
make a fght for the people Of this
district in that body.
Ralph y. Smith possesses a keen
knowledge Of all public questions
He always takes positive stand
on every moral, civic and political
problem, and in addition has the
natural ability 10 make a good fight
for his position.
In view OF what the Democratic
candidate for Congress will natur
ally want 70 place before the voters
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-02
ATTENTION

Madame Haynes hair dressing
parlOrs, 1913 y. Birdscll St. facial
messages and manicuring. Call
Lincoln 1885 for appointments.
3410-2
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-02

Wilson T.. Snyder, candidate for
county treasurer, sOliCits the vote %
those participating in the democratic
primaries next Tuesday, May L.
Adv.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-02

THURSDAY So DAY.
Next Thursday, May 9Th, l. 81 day.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1920-05-02
Underwear For
Sports Wear
$500 to $11.95

The GOODNESS of Polly-Anna IN
derwear commends it especially for
sports use. These suits are a COM
bination Of vests and drawers. with
individual feature of a skirt back.
Real pearl buttons. careful tailoring
throughout and shoulder straps of
ribbon or self-silk that do not slip
are also noted. The materials are of
a variety ranging from fine batiste
to silk and cool handkerchief linen.
These garments contribute definitely
to well-groomed appearance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11

price of Friday and closed at 1914, with
the general market closing steady at
a net advance 40 to Ia points.
The opening was active and excited
with first prices unchanged on Novem-
Der, but generally "a to 81 points
higher on the active months. This
advance was sufficient to attract good
deal OF realizing for over the week
end, but reactions of 30 to 40 points
during the middle of the morning
brought in renewed covering, and there
was some trade calling in the near
month late in the morning, Otherwise
tho demand was attributed almost en-
tirely to traders who had sold earlier
in the week on expectations that the
mid-month condition reports would
show very marked improvement in
the crop outlook and who were evil
IDENTIFY disappointed by the first of
these reports to make its appearance.
This indicated condition of 72 COM
pared with corrected end-June figures
of TIP and consequently suggested an
improvement OF less than q full point
in the outlook.
The buying probably found some
additional encouragement in rather
better reports from the goods trade.
Western distributors reported that
business for the first week in July
had been the largest in their history
and according to some reports rather
d better tone was developing with In
creased inquiries in the primary mar
kets. A cable from Manchester said
there was some improvement N the
demand for cotton goods there and thar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Corn Develops Strength
On Covering Movement

After a week of declining values the
corn market developed pronounced
strength yesterday and closed at about
the highest of the day. with net gains
of 3M to 4Ac. The trade at large was
inclined to take a bullsh view of Fri
days government report figures, and
this started a covering movement, which
was materially intensified by the rust
reports from the Northwestern spring
wheat fields. Cash markets were firmer
and receipts were somewhat smaller
Weather, conditions, however, were
again favorable for the new crop, and it
was the prevailing impression that
marked Improvement has taken place
since the government report was COM
piled. Transportation was believed to
be very important feature in the sit
uation, although heavy offers of Argen-
tine corn at the seaboard were thought
to remove the necessity of bringing
large quantities Of corn from the West
In the local cash market No. 2 yellow
corn was quoted at $1.7eA, cost and
freight, New York, ten days shipment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Clothing Manufactures
In Hands of Creditors
Bauman Company Hit by Re-
turn of Third of Orders
Since October

The Bauman Clothing Company, large
manufacturer of boys clothing with
Offices in this city and large plant in
Springfield, Mass, has been placed in
the hands of its creditors because of
sheavy and unwarranted returns. y
Since April close to 100000 worth of
merchandise has been cancelled or re-
turned by the company's customers:
This amounted to almost one-third of
the total sales since October l of last
year.
The committee Of creditors investi-
eating the company's affairs is headed
by H. P. Mckinney, president of the
Merchants Protective Association, to
whom the company's capital stock Is
expected to be transferred. A state
ment of the company's financial posi-
ton placed before the creditors at their
first meeting gives assets of s2,6SO,S14,
Of which approximately $2,o00,o00 is in
merchandise Liabilities are estimated
at So 800 900, consisting of $850,000 for
merchandise and $1,450,000 owing to
banks and others for loans both Sc
cured and unsecured. About half
dozen banks are involved.
The company was organized in De-
cemher, 1918, with capital of $1,000
600 in common stock. This was in
creased to $25o0,000 year later with
$3.50 900 in preferred stock. Lately the
company has been doing most of it's
manufacturing in the Springfield plant,
where it encountered serious labor
trouble in April.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
B usine SIS N E We
Urges Limited Production
Director Would Curtail Blouse
Manufacture

Limiting the production Of women's
waists to actual ordefs on hand or To
an amount based on careful estimates
OF sales possibilities, in order to elimi-
nate Jobs" from the wholesale trade.
VII! be advocated in a special bulletin
to be sent tomorrow to all members
OF the United Waist League OF Amer
lea by M. Mosessohn, executive direc-
tor.
There is absolutely no justif,able
reason for the presence in the whole
sale market of sjobs'," said Mr.. Moses
sohn. "The fact that in past seasons
Jobs have been somewhat plenti-
full can be attributed only to the slip
shod manner in which some factories
are. operated. This must be STONED
II the blouse industry is to make prog
ress. In other industries unusual care
is taken to safeguard against over
production of merchandise, and when
buying ceases the wholesale plants
smut down. For instance, cutters-up in
the cloak and suit trade have stopped
buying raw materials, with the result
that the WOODEN mills in many parts
OF the country have closed. The same
IS true in other trades, and it might
be wise for manufacturers Of blouses
and other items of apparel to do like
wise when the buying season ends and
all orders have been filed"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11

a small part of the large amount of
money they have invested in this prop
erty. Not alone must they be prepared
to sacrifice the entire amount repre-
sented by the payment of taxes, inter
est, etc., but also the increment due to
introduction of transit facilities and
the installation of the great outlet
sewer now under construction. In fact,
it is question in my mind whether
the Eastchester Company will be able
to get back even the amount of the
original investment.
"These lots must be sold at whatever
price the public is willing to pay for
them, in a market now so weak that
vacant lots are the cheapest of all
commodities.
Had it been possible to defer this
sale until the approaching big building
movement had materialized, the out
look would have been better than it is
at the present time under the existing
conditions.
at is, however, just this sort of
necessity that provides people with
the opportunity to purchase vacant lots
in the city at their own price, and for
great deal less than the price at
which Village lots in the suburbs fire.
quently are sold.
"This also is the vacation period,
and with great number of potential
buyers out of town the outlook for low
prices and bargain picking is en-
HANGED"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
W7heat Prices Stronger
On Crop Damage Report

A serious black rust scare developed
in the wheat market yesterday, and
this, coupled with continued efforts on
the part of exporters to make pur-
chases, resulted in frmer prices. Crop
Expert George LeCount wired from
Owatonna, Mimi, that all the wheat
examined there was more or less In
fected with black rust, and said that,
while the early wheat would escape
damage, most of the crop iii that local
ity was in condition to be badly
hurt.
There we're other private reports of
the appearance of rust and the trade
at large was a good deal alarmed, al
though one prominent authority in
Minneapolis advised the trade not to
take the rust reports too seriously.
Export bids were raised and wheat
on the track here sold at SO bushel,
and it was intimated that exporters
would pay $500 at the Gulf, and pos
sibly more b.
The rust report was reflected in q
pronounced advance in the rye mar
ket. which in Chicago advanced to new
high records for the movement, with
the July position at the highest point
reached this season.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Retailers Doubt
Public's Ability to
Keep on Buying
Unemployment in New Eng
land and Middle West Felt
by Trade; Demand for
Cheaper Grades Needed

The willingness or ability of the
.onsuming public to keep on purchas-
iac goods at present or even slightly
,ouer prices is beginning to be doubted
~ some of the leading retailers Of
q. country. Merchants in the New
rrvland textile districts already say
Nav are feeling the effect of the cur
ss;lment in the mills there through
decreased purchases by mill workers
who have been thrown out of employ
r,srt or who are working only on part
time. Throughout the Middle West
unemployment is increasing, with con-
<aouent detriment to retail sales.
ADDED to this is the fact that food
,,;ces are increasing and many work
srs are forced to spend more of their
incomes for rent. The uncertainty
.onfronting most lines of business now
.lso has caused persons who own bust
ness concerns or who have their money
;nvested in them to retrench on their
n.rsonal expenditures. The example
- silk men, who openly boast of the
tart that they are buying no new
slotbes for themselves, and of wooden
roods men, who are proud of the fact
sbat their wives and daughters are
r NOT spending money for new silk
srrsses, is one indication of the buy
Inc temper Of business people in gen.
Members OF the Retail Shoe Dealers
Association of New York City recently
vent on record, through a committee
rsnort, that the general public had
naked on high priced shoes. The con-
census of shoe retailers seemed to be
hat the vast majority of people had
refused to pay more than s15 pair
tor shoes. Mems clothing manufact-
urers now admit that the $500 and
si25 readymade suit is thing of the
mast. and retailers are insisting that
thew be given good quslity merchan-
disc that will sell around $40 to 500.
Some retailers are inclined to think
that SIS will be the top price that
men will pay for ready-to-wear clothes
foil
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
NEW YORK STATE REAL ESTATE

FOR sALE-Wappingers Falls, Duchess
County, N. Y. Ideal home within easy
rooms and bath; hot and cold water: finest
OF water, hot water heat, open fire place.
coal and electric ranges in kitchen. e!ectric
on two sides of house. beautiful view In
every direction. with furnishings: orien-
tai tai rugs pictures. bedding, cooking uten-
81 acres OF fine land, good garden with
large number of young fruit trees lust
coming IN bearing; poultry houses With
runs; about 35 fowls in present stock
concrete root cellar. also corn crib. nearly
4 .' rect concrete walks about the place.
within five minutes walk of the house
goodiy part OF the land fronts on State
sao aoo Po sgs siyen at once Price
Vergne Avenue. Wappingers Falls "a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
East Bronx Lot Auction
Offers Chance for Bargains
Auctioneer Believes 1892 Parcels of Eastchester
Company, in Vicinity of Good Transit Facilities,
Will Go at Sacrifice Prices on Tuesday

Bargain prices which ruled at the
recent Burke Foundation auction of
East Bronx lots are expected to pre-
vail at the sale in the Vesey Street
salesroom on Tuesday next of 1892
lots Of the Eastchester Company, in
the same location. As at the for
mer sale, Joseph P. Day will be the
auctioneer.
The lots to be sold on Tuesday have
the advantage Of better transit facili-
ties than the Burke property, as the
New York, Westchester & Boston Rail-
road runs almost through the center
Of the Eastchester Company's holdings
Gun Hill Road, or 210th Street, where
many of the lots to be disposed of are
located, is the most important cross
town thoroughfare in the East Bronx,
north of 177th Street, or fremont Ave
nue.. Because of the concentration of
rapid transit facilities and stations at
Gun Hill Road, on practically every
subway, elevated and railroad line in
the East Bronx. this thoroughfare is
regarded by many real estate experts
as being one of the foremost and most
promising north of fremont and Ford
ham stations.
The sale also includes lengthy 'front.'
ages in Burke Avenue, in Eastchester
Read, in Adee, Arrow, Allerton, Mace.
Herring, Tenbroeck, Pearsall, Throop,
Bouck, Wilson. Young, Fish, Seymour
Morgan and Fenton avenues. It's most
southerly boundary extends to within
about two blocks of the Bronx and
Pelham Parkway and it's most westerly
boundary to within about the same dis
lance from Laconia Avenue.
Harvard University, as a beneficiary
under the will of Lawrence E. Sexton,
will participate in the proceeds
of the auction. The late Charles D.
Cook, formerly president of Tiffany e.
Co., was another of the original com
pany which purchased the property
about fourteen years ago. Buyers are
expected to reap the benefit of the
taxes, assessments, ETC.. paid by the
selling company for all these years.
Il cannot for the life of me-" said
Joseph P. Day yesterday, "see how it is
going to be possible, in the present lot
market, for the members of the East
chester Company to get back more than
CnNNEr,,rv<,,-r,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Montreal
Financial Items

Application has been made to the New
YORK Stock Exchange to list Times Square
Auto supply Incorporated 190,4S4 shares
Magnetic Corporation. 5000 shares addi-
mlns sissios Additional p eommo "sn stock
Crucible Steel OF America, $3.50. 900 ad-
SraRe shoe SIS
ferred stock, &c., 600 shares common
stock, no par.
A syndicate composed Of Blyth. witter
and the Merchants Trust and Savings
Bank OF st. Paul have purchased $l,5oo,o0o
J T1ns's g. 1895 g British columbia o. due
Brothers; R. n. Weber, formerly with the
National City Company. and Charles. w.
become associated with the sales organiza-
ton OF Eastman. Dillon & Co.. II Broad
AZ meeting of the board of directors
It was voted to bond all the officers and
80 al * hs ss sSrs9H
Company will act as bondsmen
The New York Stock Exchange has
stricken, from the list Texas Pacific Goal 20.
part paid, for capital stock
A. b. Murray and William H. Board jr.
announce tho formation of copaartnership
CO., to transact general commission
business in stocks and bonds. with offices
At 81 Broadway
The committee on securities Of the New
York Stock Exchange has ruled that Equt-
able Trust Company certificates Tor the
She'll Transport and Trading Company,
Limited. American shares be not quoted
ex-rights July 10. and not until further
notice.
The New York Cotton Exchange MEM
bership Of James Carstairs has been pur-
chased by e. e. Bartlett. .Jr.. for $21. goo.
an advance Of $500 over the last previous
sale.
sRhoades 4 Co.. members Of the New York
Stock Exchahge, announce the removal OF
their office from 81 Pine Street to 80 Pine
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Advance of Nearly
Cent on Covering
In Cotton Market
bullish Private Report
Checks Selling Wave, and
October Moves Up Very
Sharply; Trade Better

one OF the private mid-month con-
s'''oh reports which was published just
.elore the opening of the market yes
~sday. proved distinct disappoint-
lsnt to recent sellers and was fol-
svwd Dy sharp jump in prices. There
aAo been good deal Of selling earlier
y the week, accompanied by rumors
sss this report would be bearish,
saeseas the actual figures suggested an
Improvement Of a little, less than ]
s0'at In the condition Of the crop as
IMPAIRED with the end-June showing,
naturally this led to heavy covering
- over the week end and an advance
[, nearly cent q pound from the
~ levels Of yesterday. October con-
"a sold IN to 33,2 making an
81 nee Of 6a poiatS from, tho closing
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Business Items

A hurry call Is being sent out by the
Associated Dress Industries of America'
hee rfess frash
supply of perfect thirty-sixe to act as
models during the coming fall selling sea-
son In the garment trades. The models
have drifted away from their regular
occupations to more lucrative positions in
the chorus In other Industries.
american Styles for American Women"
designed by the members OF the United
Cloak and Suit Designers Mutual Aid AS
ISOLATION. will be displayed at the -organi
zation's fashion show at the Masonic
Temple on July 20 More than 100 models
have been engaged to display the new
fall styles. 1t is expected that at least
900 garment manufacturers retailers and
others interested in the apparel trade will
attend the exhibition.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Butter. Cheese and Eggs

Butter--Receipts were sT7s packapes
Creamery, higher than extras pound "A "
@osc; extras. 90 score. 58c; flrsts 90 to 81
score. Do y g 57Asc; IS to SO score, 53@bsc:
s srsdaa as 80 to g score 47@ssc lower
tras, Civ @s.c; extras. 6o@Sic; frsts Ga
@ssc; seconds. 5o054c. state dairy tubs ~
finest, 66h @57hc; good to prime "a doSsc.
common to fair 44052c. Renovated AZ
tras. 40 5oe; firsts, 47@4sc Ladies. cur
rent make hrsts. 46@4ec; seconds, IN q
No l. 4a@f2Mc; No. 3, 4ic i oMer r ssoca
sra 40c.
Cheese - Receipts. 4.17l boxes. state.
whole milk. fresh flats. colored or whites
~; @2sH IS ! "a, average run. colorsd or
run. coiored or whites. 2s@2s%c; lower
grades. 2oQ26c: Young Americas, sIX@
32Mc; Daisies. 2s0soc: fresh twins. esq
@27Nc; single Daisies fresh. 27A a 2Sc;
double Daisies. fresh. 27O27Mc fresh, 50
@ SIC: fresh specials. 1914 @lshc; prime
lower grades, 5000.
Eggs- Receipts were 20.s1s cases. Fresh
gathered extras. per dozen. 5a@53hc:
extra frsts. 4s@5lc: nrsts, 4lW46c; seconds,
sUa3c; poor to fair, 30@S7c: dirties. No
!. sS0 $685.; No. z. 2s@s2c: checks. good
nearby Western hennery whites, extras
S1@ssc;. irsts to extra .frsts. s6dpeoc:
gathered whites. frsts to extra xrsts.
5b060c; underKrades 50064c; Pacific
Coast white. extras. 81 @ 63c: Pacific Coast,
whites. extra frsts. 6s@soc; tirsts 54057c;
prn gathered whites. 4s@65c; State, Pa.
and nearby Western hennery browns, ex.
ira, 64167c; brown and mixed colors
gathered graded. extrax b29D6SXc: drsts
to extra frsts. t4@s1c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
British Shoe Manufacturers
Bidding for American Trade

British manufacturers of shoes and
other leather goods are making
greater efforts to capture American
trade. With Indian kid skins and
Australian sheep skins from her own
colonies, and her proximity to the
Norwegian and Russian calf skin
markets, it is felt that the British will
have some advantage in manufacture
ing, compared to Americans.
nrisas go goods, duty included e H. are re
American merchandise, according to
importers handling them.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11

The above building is that to be
erected for the Robertson Cole Com
pany at the northeast corner of Sew
enth Avenue and Forty-eighth Street,
the center of the worlds greatest mo-
ton picture business district. The
building site was purchased recently
through William A. White & Sons. who
have been appointed agents for the
new building.
The building will be twelve stories
and basement. The Robertson Cole
Company will occupy considerable
portion if it for it's own business, and
will offer for rent the ground floor and
several of the lower floors. There will
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-07-11
Fancy Cotton Goods !
On Lower Price Basis

Mills making fancy cotton goods are
reported to be more willing to accept
new business on lower price basis
than they have been heretofore.
Evidence is accommodating that the
swell sold" position of cotton goods
rapidly is disappearing, and that price
revisions downward to stimulate new
business or closing down of many
mills will result from this situation.
1t is also becoming apparent that the
automobile trades are taking fewer
fabrics than heretofore, and in some
cases are asking that scheduled deliv-
cries be delayed