davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-02-17
usiness N e w 8
Novelty Goods Moving Faster
Than Staple Lines Generally
FOreSees Seasonal
Buying Of Silk Noto

A return to the seasonal buying
of silk goods is foreseen by H. G.
Hoffheimer, vice president of the
Joseph Berlinger Company, silk
manufacturers and dealers.
Instead of buying all the year
round" he said yesterday, "mer-
chandise manager buyers appear to
be working closer to the seasons.
Also there is distinct trend
toward defined seasonal fabrics,
which has been absent for several
years. Thus satins and @heavy
drapy fabrics look good for fall use,
while taffetas, foulards, the sheer
crepes and similar goods appear to
be gaining favor for spring and
summer wear.
an general the silk market is
picking up rapidly. A month ago
it was on its back looking up Now
it is on its feet looking up. The
concerns that have weathered the
storm and have anticipated the de-
sires of the public in design,
quality and price are doing a good
business. A word of caution against
rapid advance of prices is not
amiss in the present situation. A
rapidly advancing market will be
regrettable and I think the ma
Jority of the producers do not want
to see it,"
New-York tribune., 1921-02-17
Discusses Foreign Trade
Kent Outlines Possibilities at
EN porlers' Luncheon

Fred [. Kent, vice-president of the
Bankers Trust Company and former
member of the the reparations COM
mlttee at the peace conference, yes
terday outlined the scope and posi-
bilities ofehe Foreign Trade Financing
Corporation at luncheon of the Amer
lean Manufacturers Export Corpora
ton at the Hotel Pennsylvania Mr..
Kent alluded to the chaotic political
and financial situation in Europe, but
held out hope of an early settlement
of most cf these difficulties with an
attendant stimulating reaction on
American trade. Long term credits,
however he designated as a necessary
temporary arrangement to help Europe
regain her equilibrium, He urged
that banks, exporters, manufacturers
for domestic as well as foreign con-
sumption. and producers of all kinds
take stock in the new Edge law cor
poration.
Lewis f. Pierson, chairman of the
stock subscription committee of the
Foreign Trade Financing Corporation,
yesterday announced from his office
the pledgng of support from the Illli-
nois Manufacturers Association. 1t was
also announced that John McHugh,
vice president of the Mechanics and
Metals National Bank; William C. Red
field, former Secretary of Commerce,
and O. +. Slocum, president of the
Dairymen's League, have been named
as the New York committee of the cor
poration.
New-York tribune., 1921-02-17
Distress Lots of Serges Still
10 Be Found; Tricotines
Bring Good Prices; Other
Things Show Same Trend

Evidence gathered in the wholesale
textile, apparel and shoe markets yes
terday indicate that a considerable
amount OF business is being done, but
as yet 1t is confined largely to goods of
novel character. The so-called staple
merchandise is moving only fairly we'll
and IN some cases is even stagnant
while merchandise that has the quail
lty Of novelty to recommend it is being
sold as rapidly as it can be produced
to-day. In some cases sales exceed
production.
In the woolen goods trade tricotines,
white woolens and homespuns to be
used in women's garments are being
freely bought, and at prices which
snow certain amount of profit to the
producers. Serges and some of the
other staples are comparatively mac
tive and distress" lots are still to be
found in the market.
Silk manufacturers who have brought
out designs and fabrics of marked DIFF
ference to those of last year are reap
ing harvest of new business. One
manufacturer who had the courage to
keep 100 looms steadily engaged since
september in turning out gros-de-
Londre has sold every piece as it came
from the looms and has not been able
on his shelves. The vogue for Canton
crepe is an old story in the silk market
by this time, and those who stocked it
early have sold all they produced.
In the shoe market there has been
concentrated demand for strapped
pumps, particularly in gray suede,
which not only has booked the capacity
OF many factories but has actually
stiffened up the leather market in this
particular tannage
Working closer to the consumer and
digging into the women's apparel mar
ket, it is found that some houses are
booked to capacity. They brought out
styles that retailers believe will have
the necessary stimulating effect upon
the consumer.
The outstanding feature of the
houses that are doing a rood business
at present is the lack of price talk in
their selling arguments. Apparently
the situation is one in which the right
merchandise is paramount to the right
price, although it is concedsS that the
day of inflated prices has passed.
New-York tribune., 1921-02-17
c., W. & W., Inc,
Deficit Shows Big Gain
Loss From Operations of Con.
solidaied Companies Increase
to So.857.772 i'm & Months

The consolidated income account of
CASTOR, Williams 81 Wigmore, Inc;
CASTOR, Williams e. Wigmore Steamship
Corporation and CASTOR, Williams &
Wigmore Of Canada, Ltd, issued yes
terday for the six months ended Octo-
Der 81, shows deficit at that time of
S9,S57,7T2, as compared with deficit of
s4,93I 1877 on April so and q surplus of
s1,4a1,5 $40 on October 81, 1919.
months was piaeed al s4s2s,525,
against profit of S1o,572 in the cor
responding period of the previous
year. Depreciation of inventories and
losses from interrupted t-ade in Euro
pean countries, as we'll as deprecated
exchange rates, are suggested as the
main factor In causing heavy losses.
New-York tribune., 1921-02-17
Buying of Drugs Steady
Almost Normal Number of Or
ders Are Received

Almost the normal number of orders
for crude drugs, but smaller quantities
than were bought last year, are the
principal features reported this week
by Drug and Chemical Markets.
"Competition in fine chemicals" says
the report, "is keen and prices are
lower Imported industrial chemicals
are offered freely and holders. are able
to shade prices below manufacturers'
quotations. The volume of business has
been so small that many producers
cannot keep their plants running prof
itably.
THE downward movement of essen
tial oil prices continues, but is slow
ing up. The vegetable oil market is
weak and lower. Prices are freely
shaded for firm business. In dyes and
Intermediates even resellers are now
finding business unsatisfactory and are
expressing pessimistic views on the
fut,1re -
New-York tribune., 1921-02-17
Butter. Cheese Errs

Butter-Rec Receipts We're 1l,2oo Packages.
rear neIy, higher than extras, ID 47i5 q
~ eNsras, @ ~ score, 46 "a q 47c; firsts. IS
score 3S@ toc; lower grades, 30 q&3c; un
salted' higher than extras 5oG 50l1c; ex-
tras 800 ~ l2c; frsts, 42Q4sc; seconds.
"4W 4oc held or storage. high scoring, sec;
extras. 4oQ 41c; hrsts 369 500; seconds "a
fresh, a. y G46c; state dairy tubs, fuest
44d 46c; good TO Issame 38 a 43c; common
TO fair, 2S0 SIC; ladies. current mako,
hrsts, 25q21c; seconds, 22d d23c: lower
GRADES. 2o12 q 2l rs; packing stock, current
l7G12Oc - e 'aNe D.
Cheese Receipts we're 2,s54 boxes. state.
whole milk, held, early made fats spo
cials, lb, 27q 29c; fall made. 2Gm 27c +;
ayerage ag az e, run, 4@25Mc; fresh specials Is,
E. srades l., l6@21 &c; twins. held. specials
20 "a Q2S nc; average run, 24G25i5c; Wis
consin, held fats, 25 a csc; held twins. 25
26i5c; onele Daisies, held 24l7 a 26i, c:
couble Daisies, held. 34i4Q26l2c; Young
americas, held, 81 2ac fresh 27ta a
prime to choice, 13@16}3c; fair to good.
II 13c; lower grades, s61oc.
EGgs-Recetpts were 34.1l5 cases Fresh
gathered. extras, dozen, 3s03ac: extra
nrsfs So Ia a 37c; seconds SIC: drties No
L. III a SIC; checks fair to choice, dry, 90 a
ern, hennery whites, extras SOC; extra
firsts. 4Sc; frsts, 4764Sc; gathered whites
hrsts to extra flrsts, 47Gp 4oc; under grades
80 @ 46ci Pacific Coast, whites extras soc,
extra frsts. 4oc; frsts. 47@4Sc; under
grades, 43@46c pullets, 37d3Sc; other
Western and Southern. gathered whites,
5g@ 46c; state, Pennsylvania and nearby
Western, hennery browns, extra 4oc.
gathered brown and mixed colors grad ed
extras 3sQS9c; frsts to extra hrsts
New-York tribune., 1921-02-17
Officials Re-elecfed

All the officers and directors of the
Textile Color Card Association of the
United States were reelected at the an
nual meeting yesterday, at which Fred
erick Bode, of Gage Brothers, presi-
dent, reported that the organizations 5
work during the past year in the distri-
button of cards and in Standardization
work among textile and leather groups
had made a record. The officers, in adj
dition to Mr.. Bode, are William Hand,
first vice e-pres esident; A L. Clifford, sec
ond vice president; Adolph Muller,
treasurer; Ramsay Peugnet, secretary,
and Margaret Hayden Rorke, managing
New-York tribune., 1921-02-17
lilies Service Earnings


hi ~ s,t., witles Service Company reported
sso,s ,IsOm9ased to 81, $50 500 in the same
,,J.5 ..a Of 1920 For the twelve ,oon4hs
wy ,~S2 January 81, net earnings Of the
,s,s ,egsa amounted 10 s33,71515b
y pared pared to s19,384,644 in the preced,
10, = sssr Net to common stock ana rs-
h, : g lor January was SI.o23 734 and
sQ. '@e'Ve month period S17,o77,-
sr lsaisr eaat monthly dividends of u of /
iisscs ~ the preferred stock, pref
sb!s IN stocS and common stock, pay
taide5dS dSssa, and the regular monthly
a6a ~ - per cent on the COM
d. psr payable in common stock
agsa HSye been declared, all payable
safeh r. 70 stockholders of record
New-York tribune., 1921-02-17
National Transit Earnings

The National Transit Company re-
ported net profits, after depreciation
and taxes, for the year ended Decem-
Der 81 amounted to $2,7oS,424, equiva-
lent to S5S1 a share earned on the
$4,000 shares Of stock, at s12.bO par
value, compared with s2,723,o25, or
S5.35 a share, earned in the preceding
year. An extrs dividend of 80 cents
share has peen declared payable
March, Is, to stockholders of record
Fabruayv %
New-York tribune., 1921-02-17
Rusiness Items

Daniel w Farnsworth. selling agent for
the Mackenzie St George and other well
known mills, will open new line of over
coatings for fall, 1921, next week at his
safes office. which has been moved from
$50 Fifth Avenue TO 14s Madison Avenue.
The Retail Millinery Association offers
for sale the collection OF thirty hats. pro-
duced by leading New York wiitiuers and
exhibited at the recent fashion show. The
hats have been divided into three groups
of ten each. and each group is to be sold
to the highest bidder IN three different
oIs
New-York tribune., 1921-02-17

MADRID, Feb. I6.-The Council Of
Ministers has decided not TO make
wheat. This action is because of the
difficult situation in which the Spanish
wheat producers have been placed
owing to the fall in prices, said to have
been caused by the abundance of for
eign whs-s acquired by the government.
New-York tribune., 1921-02-17

Matbieson Alkali Earnings

The Mathieson AlkaIi Works report
ed net profit, after charges, taxes and
preferred dividends, for the year ended
December 81, of 1851, ,75s, compared TO
a net loss Of s36,s50 in the preceding
year. For the quarter ended December
81 the company reported loss Of SAL
S83, compared to prcft of s1oe,666 in
the corresponding quarter OF the pre-
cadinp wear
New-York tribune., 1921-02-17
Ro,o Sugar Prices Firm
On Heauy Buying Here

Heavy buying of raw sugar virtually
cleared the market of offerings yester-
day at Az cents cost and freight for
Cubas and an increased demand for re-
fined at 71s cents was reported. Trad
ing in futures was irregular, an ad-
vance following early weakness. and
final prices were Is to % points net
higher.
Tho ,epra of n,.;c.s.
New-York tribune., 1921-02-17

25 points lower at 13.25c; sales 40 bales
New Orleans steady. unchanged at l8 csc;
sales, 2,l15 bales Mobile quiet unchanged
at i"c; safes, 40 bales. Savannah steady,
unchanged a 14c; sales. SO bales vii
mington quiet % points lower AT 1325c:
sales nil Norfolk quiet unchcanged at
l3c; sales As bales. Augusta quiet un-
changed at 13.25c sales, 842 bales Mem
PMS steady, unchanged at 13.5oc sales
1900 bales. st. Louis quiet UNCHANGED at
soc; sales nil. Houston steady ?s points
lower 1T 13c; sales, sos bales. Little
Rock qu1et. unchanged at 1375c: GALES s16
hales. Dallas steady, unchanged at 12.90c;
sa les, 5.l26 bales Montgomery FIRM. %
POINTS higher at 12.75c; sales IS bales
Forth Worth steady. l5 points lower AT
IL 6hC. sal 9 001 hales
New-York tribune., 1921-02-17
y no''ue,keye Pine Earns $500

4 the pssSne after taxes and charges
be yes. esnacAeye Pipe Line Company for
b Il s,a ended December 81 amounted
isefe 1@,oz5' equivalent to Ss.06 a
ssaaesS capital stock. it was an,
Ia 81 ssya Yesterday. This compares
ae pra,,'n o7,ioS, or 1882 share, in
sstblrs year. The profit and loss
sGesss q S9,803,463 showed a de-
80 q Ss7,674 from 1919.
New-York tribune., 1921-02-17
Commercial Credit

Commercial paper rates were un-
changed Yesterday at IA per cent for
the bulk of new paper coming into the
market. The market was said to be
fairly active.
Bankers acceptance rates also were
unchanged at the following quotations
issued by the American Acceptance
Council:
New-York tribune., 1921-02-17
FINANCIAL
2 MERCANTILE

|sse = t,e'lacturing corporation would
|eao get IN touch with parties
|.Sek sah place either preferred
|sasno.oe!g. bond issue. Prosperous
|asss sssion es doing an annual busi-
|ssas oyer a million and a half q
address G SO, Tribune.
New-York tribune., 1921-02-17

Coffee Futures-Improveme in senti-
nent based on runors of q favorable ma =
ture caused an advance in quotations yes
terday, final prices being Is 20 ~ points
ret higher.
The range Of prices;
New-York tribune., 1921-02-17

liverpool Gables Spot cotton In mod
crate demand; middllng, 81 higher at
s52d Sales 5000, American 1000. I'm
ports 1000, American none. Futures
opened steady at % to 80 points higher
Closed quiet at net advance of Z to 18
points March 8.Ssd; May cid; July
9,28d; October 9.40d December 9.45d
January, 9.4Sd. Manchester: Yarns quiet
cloths in more demand
New-York tribune., 1921-02-17
BUYERS WANTS
OFFERINGS TO BUYERS
see per Iiss ....... finn.
5te ger lire. ........ ttspsss
4se Per lSHe. e.......-.-.. 5 tissss

OFFERINGS TO BUYERS
ARMY CSoos3s SToRES-~s. .oet pairs Of z. q
hip rubber boots, sizes 10 ta ssss na1p
charles Reese SsS Bridge ST., Brooklyn.
New-York tribune., 1921-02-17
Cottonseed Oil
Tuesds vs.

The market was weak and lower clos
ing with net losses of 23 to 35 points Total
sales for the day were 1850 barrels
The range of prices.
New-York tribune., 1921-02-17
Grain Prices
Wheat

Yesterdays Previous Year
-NeW ork' close. close. ago
No 2 hard s1.97'a s2.0i -
Open. High. Low. Closs Close.
March. liz 1.74& 1.7Ols III 175X
May. 162% 1854 1909 1.6iM 1852
New-York tribune., 1921-02-17
Corn


Yesterdays Previous yenr
New York: close. close 80
Spring pat. $500 n $50 s87599.25 $3.50
9pornmeaL 2;o0@22o 2.OoG2.2o also $50
0i ii''''' 29,o 900 6o.00Q5l.00
New-York tribune., 1921-02-17
Decline in Loans

On December 30, 1920, the loans HAD
declined by S108,000,000 from their
nigh point and Federal Reserve note
issues had declined by 100000, 1000, but
the percentage of reduction was so
sIlght as to represent only a NEGLIGIBLE
fraction of the total amount of credits
! extended. Governor Harding in this
connection takes occasion to offset the
impression that has prevailed in some
quarters that agricultural credits in
particular have been greatly curtailed
during the last year
nat the changes in business con.
dltlons and readjustment of prices
have not been brought about by CON
traction or drastic restrictions is
demonstrated. Governor Harding holds.
by the fact that while the total vol
ume of bank credits in the United
States declined slightly from the first
to the last day of 1920 the velocity
or rate of turnover of credit has
siackened materially, as indicated bv
the reduction during the latter part Of
the year in the sum total of debts to
individual deposit accounts reported to
the board by the principal clearing
houses of the country.
Governor Harding, in indorsing the
IoImatlon OF corporations under the
Edge act FOR financing export trade
emphasizes the precarious situatior
existing in the field of internationa. tiorUt
credits We find ourselves" he points
out, with a. large export trade which
is being paiG for only in part by 3
great portion of the world, and fhi,
trade is fast approaching point wher.
IL may be cut drastically 10 the most
vital essentials unless the norma
credit and buying power of Europe
can be restored. This restoration car
be accomplished only over an extended
| Period of time if our raw materials gc
| forward in q steady stream agains-
| longtime credits. Foodstuffs must b,
furnished also. and except where
shipped by relief organizations the,
Should in the main be paid for prompt
ly as they 81 into Immediate consump
New-York tribune., 1921-02-17
Credit for Europe

"We are therefore brought face to
face with the problems of how we can
best extend longtime credits to Eu-
ropean countries in order to enable
them to reconstruct their industries
and how we can extend credit to other
countries in order to enable them also
to make shipments to Europe which
otherwise would be made to the United
States and glut our domestic markets
The evil of cancellation of contracts
is referred to by Governor Harding
as having assumed sinister signif-
canoe in American foreign trade. Exact
figures, he says, as to the, probable
scope of the cancellation evil are not
available, but the practice has become
so common as to affect seriously the
ability of American exporters to col
lect against their shipments to foreign
countries. The situation is pointed TO
as affecting more particularly trade
with South America and the Orient
Perth Amboy evening news., 1921-08-19
BY Newspaper Enterprise

BY Newspaper Enterprise
Los ANGELEs-The story of
James p. Costello's life could have
been more itly written by Horatio
Alger, Jr.
It's n Of those stories that
necessarily require a title. reading:
'From bootblack to district attor-
Q or the rise of James P. Cos
tello."
Back in Monmouth. Ill. about
rs years ago, Jim Costello began
shining shoes, specializing on n
hrogans of attorneys and judges.
Rut during a big trial Jim always
neglected his shining to listen to
arguments. Meanwhile he gradu-
ated from grammar school. .
One day he polished the SHOES
OF a wealthy merchant, who TOOK
a fancy to the lad and gave him a
position in a clothing store.
For seven years Jim worked
there then came to California, re-
entering the clothing business. He
endowed a tutor at night, and
for four and a half years he was
coached through high school sub
iects until he had sufficient credits
to enter law school.
Still working, Jim was gradu-
ated a full Pledged l.. L. b., at the
Costello's story reached the r
of District Attorney Woolwine or
Los Angeles.
II believe" he said, that you
will deliver the goods to the peo-
pie and the state of California.
you're now a deputy district at
torney and my assistant.
at was a pretty hard fight says
Costello, but the reward Is
worth the effort"
Evening star., 1921-03-15
COTTON MARKETS.

NEW YORK, March 15-Steadier
Liverpool cables and reports from
London that Great Britain might soon
sign the trade agreement with Russia
promoted covering and some scattered
investment buying in the cotton mar
ket today. The opening was points
lower on March, which was Influenced
by notices. but generally steady at an
advance Of to 16 points, and after
some irregularity active positions sold
20 to % points above last nights
closing.
NEW ORLEANS, March 15.-Ad-
vances Of Is to 81 points were made
by cotton in the first half hour Of
trading today. the market being ia
vorably affected by the census bureau
report showing consumption in this
country during February Of 1895. .563
bales against 366.27 in January. May
was sent to 11.32.
Futures opened quiet. March, 1890;
May. 11.22; July. 1857: October, 1900;
December. 1920.
Cablegrams from England, stating
that the market there was showing
more resistance to selling pressure,
and the continued rainy weather in
eastern sections of the belt. increased
the demand and prices finally worked
up to net advances of 20 to IS points,
with May at 1I34.
LIVERPOOL. March 15.-Cotton-
Spot. small business: prices Arm. Good
middling, S.41; fully middling, 7.S1:
middling. 70s; low middling, 6.16:
good ordinary, 4.sl; ordinary, 41s.
Sales, 5000 bales. including 200
American. Receipts. 1900 bales, in
cluding 1000 American. Futures
closed steady; March, 7.42: May, 1856;
July, 7.72: October. 1885, December,
7.96; January. 1893
Evening star., 1921-03-15
Grain. Produce and Live Stock
LOCAL WHOLESALE MARKET.

LO&.AL W hoLEbS NANNEst.
Eggs-Strictly fresh, per doz-. 3d.;
southern. 30.
Live poultry-Roosters. per lb.. FL;
turkeys, per lb.. 45a53; chickens,
spring. per lb.. 4oa45: hens, per h..
"a: keats. young. each. 50a6o.
Dressed poultry-Fresh killed spring
chickens. per h.. 42a45: hens, per lb.,
s5a36: ROSTERS, per lb.. 25: turkeys,
per lb.. 50a5s.
Pork-Dressed. small. per lb. Is;
medium, 15a14: heavy, 10al3.
Live stock-Calves. per h.. Halls;
lambs. 10a11: sheep, 3a4: hogs. 10a12
Green fruits-Apples. per bbl.. 3.00a
200: per basket, 75a2.00: western. per
box. 2.50a5.50. California lemons. per
20. 90 per bEl. Old cabbage. 100
6.00a8.0o. California oranges, per crate.
4.e0a5.o0. Florida oranges. per crate.
4.0oa4.75. Grapefruit, per crate, 40Oa
500.
egetables-Rotatoes. nearby. No. 1,
per bbl.. 1:75a2.25; northern. per sack.
2.5oa275; sweet potatoes, per bbl.. No.
Dbl, 4ooa5:oo Lettuce. Florida. per
cry. 4,23a45o; celery. per doz.. 1.0oa
maine lettuce, 1.25a2.o0. Squash. per
Dbl. 3.50a5.o0. Cymblings. per crate,
Florida. 4.00a6.oo. Spinach, per bbl.,
2.o0a3.00. Peppers. per basket. 6.00a
$50. Tomatoes, per box, 4.00a6. 90.
onions. per sack. 1.4oa1.50. Brussels
sprouts, per qt, 25a30. Cranberries,
20 00a25.00 per bbl Old cabbage. LOO
ais per cwt.; new cabbage. 1.25a2.0 90
per basket.
Evening star., 1921-03-15
BETTER TONE IN
THE BOND MARKET

NEW YORK, March 15.-The bond
market had a rather better tone today
for two reasons; first. because the
chances seemed rather better than
they did yesterday of a compromise
being reached in the railway wage
controversy. and second. because of
the expectation that after the next
few days, when the tax payments will
be out of the way, money rates will
work lower.
Liberty bonds led the way with a
rise of some 20 cents or SO. the sec
ond and fourth ANS being the most
active.
Among the rails the only weak spot
was the Pennsylvania 10-year Is.
which had sold down to 100 yesterday.
and which went back to 10l.
New York Central Is were also
stronger. above 101, while the per
cent debentures rallied three-fourths
of a point. to Ss%. st. Louis and San
Francisco issues had fair recovery.
with the adjustments at one time up
to 65k-that is. a point above last
night. although part of this gain was
lost later in the day. The income IS
also gained a point, to 46k
The $7,000,000 San joaquin Light
and Power per cents, offered to the
public this morning, were reported
late in the afternoon as going rather
slow.
Their principal attraction apart
from the strong measure of security
back of them is that they have until
1851 to run. Otherwise it might seem
as if the price of $3.50. where the yield
is 7.20 per cent, is a bit high.
French IS were a bit steadier at
97k Norway 8s were also up a frac-
ton at 81. United Kingdom 5lss of
1887 were unchanged at ssh. Japa-
nese As were steady at 64. City of
Paris 6s continued to be picked up
around the 96 level.
Evening star., 1921-03-15
TODAY'S BOND PRICES.
FOREIGN BONDS.
Quota ations furnished by W. B. Hibbs 4 Co

Prices at noon: