New-York tribune., 1921-01-18
,an;dation of Stocks and Re.
marking of Goods in Man
rfaeturers' Hands Said to
HayeImprovedUndert

r...,tainty still prevails in the
s.,esale knit goods market. At yes
1 ,.,,. convention of the Jobbers' AS.
s's. :.s,sn Of Knit Goods Buyers at the
b s,dors Astoria various views on the
....,s and possible future situation
.rpressed, without shaping def
~ conclusions. On the other hand,
!. ,,ospects of better business ahead
hr;ehter than they were a month
:. aue largely to the liquidation Of
s..se and the remarking of goods
IN q the hands of manufacturers,
..h.sr. and consumers on a lower
,r;e. basis, which is expected to make
stronger appeal to the consumer.
seeks Of knitted underwear, par
..ularly OF winter weight, in the hands
I retailers and jobbers appear to be
airIy heavy, according to several
nsskers, and this is expected to de-
~ the opening of the fall selling sea-
,on by manufacturers until some time
In March.
Several manufacturers were present
Il the meeting, and from their remarks
PRODUCTION is at low ebb, many mills
being closed entirely. Also owners of
Hnills are hesitating to reopen them
Until they are assured that sufficient
business can be booked to keep them
3unnine indefinitely. One manufac-
kurer stated that his mills would not
reopen for short run.
II Much of the discussion yesterday
fentered on selling terms. The ma
1ority of jobbers apparently favor
serms of sixty days on hosiery, but
Manufacturers insisted that some mills
With small capitalization could not
8nance such terms. No definite action
Fas taken on the proposition.
A new contract, drawn up by q spe-
fial committee of the association. was
approved and will be submitted to the
National Wholesale Dry Goods Asso-
iation, the parent body, for action on
Thursday. In general. the contract
ives the buyer the right to cancel an
rder It delivery is not made in fifteen
&ays after the specified date, and calls
or the submission of disputes to an
trhitration board.
The association also approved the
principle of arbitration of contracts.
Elsapproved of manufacturers charging
OF Iaoels when not mentioned in the
contract, set March Is as the proper
Pisse Ior manufacturers to open fall lines
q unaerwear and recommended that a
Fannlttee OF three to five be appointed
e cooperate with manufacturers and
eling agents through the associations
TIE two last named.
Among the speakers at the conven-
aea were Fl. l.. Todd, of the Edson-
aseie Company, Detroit: Daniel 7
'ausgnan. Of the Walker-Stets Com
Rsnl Boston; L. U. Lynt, president Of
hs AMT Goods Manufacturers of Amer
@: Joseph P. Vorhees, of New York
hnd Z c. Hail, of the Clawson & viii,
Foe company. Buffalo, retiring presi-
fient Of the association.
hr' TODD was elected president for
|'ne ensuing year and William Apple-
[salte. OF the American Wholesale Cor
Eoration, first vice-president. z. s
E|super of the Ely & Walker Dry Goods
|Company, was reelected second vice
president and A. T. Roman, of the
cooper, Coate & Casey Dry Goods Com
Pany. Los Angeles, secretary treasurer.
!he Jobbers' Association of Dress
|FsprIc Buyers will meet to-day. the
Poobers' Association Of Notion BUYERS
lo-iaorrow l and the parent BODY, the
National Wholesale Dry Goods Associa-
mon, on Thursday. The annual ban
Iaues will be held tomorrow night.