davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-02-25
Retail Silvcrware Sales
Said to Be Favorable

That the volume of sales Of the retail
er Of silveIware is on g par with sales
Of this time year ago was the opinion
expressed yesterday by leading silver
ware dealers. This revival of buying
for the. Easter holidays has not been re-
iected to any considerable extent in
the wholesale trade, since it has given
the retailer the opportunity to rid him
self of the large stocks of merchandise
on his ands. Collections in the cot
ton districts Of the South are reported
p. or Gradual improvement in the
manufacturing line of the industry has
been noted by leading factors. Order
ing is still in small quantities.
The working week of the Oneida
Community, Ltd, silverware manu-
facturer., has been reduced to ur
days. An executive of the company
said that business conditions were such
that it was in the interest of the work
ers as well as the company that produc-
tlon should be curtailed to correspond
with cur ent orders.
A denial of the report that many of
the silver workers, who have disagreed
with their employers since January l
over the beginning of a forty-eight-
hour week in place of the forty-four-
hour week with no additional compen-
satlon for the four hou S, has been
made by leading silversmith, who has
been affected by the controversy. He
said his company was employing new
htIp, but the number hired was small.
The silversmith added that much his
work had been sent to New England
SilV3rSmiths
New-York tribune., 1921-02-25
Cottonseed Oil

Prices continued TO sink ana again es-
tabished new low records for the season.
Final quotations showed net losses of Il
TO "a points, Total sales were 5000 bar,
rels.
The range OF prices:
New-York tribune., 1921-02-25
Jobbers' Prices Lower
Chemical Quotations Below
Those of Producers

Jobbers and other second hand hold
ers of fine chemicals, according to this
weeks report of Drug and Chemical
Markets, are keeping quotations lower
than manufacturers prices by frequent
sharp cuts. AS a consequence thew are
.aking severe losses.
Business is SO limited" SAYS the
report, chat second hands would be
unabl e to obtain any trade worth CON
sidering unless they made heavy price
reductions.
Business in crude drugs has shrunk
to small proportions. Large holdings
of imported products must be Ioui-
GATED before stable prices can be ex-
pected. Few price changes have oc-
Cured.
The passage of the emergency
tariff measure by the Senate. placing
Gutles on oils of Oriental origin (soya
bean, peanut and cocoanut oils) had no
erect on the market, mainly because
ct the probability that the bill will he
vetoed by the President even if il is
pessed by the House. Prices of II
vegetable oils are weak and verv little
Business has been transacted
Heavy chemical prices are weak
OWING to offers Of imported material
at lower prices than manufacturers
are willing to meet. Soda ash and So
dunn bichromate are slightly higher
producers are unable TO enter the New
ork market at present prices, but are
cong some business over the country
Activity in the hide marke, has in
creased rhe demand for tanning mo
New-York tribune., 1921-02-25
Expect Canadians
To Discuss Plan
Of Loan Refundine
Program Including Issuance
of $4,000, 600 New Sc
curities Believed Likely at
Conference With Bankers

Canadian representatives are due to
arrive in New York netx week to dis
euss with bankers here the matter Of
meeting Dominion of Canada dollar
loan maturties in this market in the
next few months.
Bankers conversant with Canadian
financial affairs expressed the opinion
that refunding program involving the
issuance of S40,000,000 in new securi-
ties for sale TO American investors
would likely be adopted. The Dominion
has an issue of 25,000,0O0 5 per cent
iive-year notes falling due on April /.
This issue was sold in 1916 on a $40
per cent basis. The other Canadian
maturity consists OF $15,000,000 in
bonds due in August
1t was pointed out yesterday in bank
ing CIRCLES that ii would be too costly
for Canada TO buy exchange on New
York to meet these maturities, owing
to the high premium on New York
funds in Montreal. Moreover, it was
said that the Dominion had little gold
to spare, SO that. it was considered
most probable that refunding opera
tion would be arranged to take up the
two maturities.
New-York tribune., 1921-02-25
Business News
Prices lOP. C.. Below Market
AT Big Carpet Auction Sale
Germans W IL accept
Terms. Ts Prediction

Eagerness of the Germans to food
the worlds markets with manufac-
tured goods, in the opinion of Will
liam Maxwell, vicc-president and
general manager of Thomas A. Edi-
son, Inc, will hasten their accept
ance of the reparations terms. For
years Mr. Maxwell has made q close
study Of German mass psychology"
and bases his predictions upon past
experience.
"a German has patience. but not
the patience to play losirg game,
once he is convinced that the odds
are against him." he said yesterday.
They are making "a great fuss
ABOUT the reparation demands, but
rney are anxious to trade with US
and to get back extensively into
world commerce.
when the matter is settled I
think great many people will be
surprised at the quantity Of manu-
factured goods which the Germans
will offer us and the prices at which
such goods will be offered. The
price of the mark will give them an
advantage, in our markets, on goods
in which labor is an important cost
element"
New-York tribune., 1921-02-25
Renewed Pressure
On Cotton Brings
New Low Records
May Contracts Break Sharply
to 1916 Cents Il Pound:
Later Months Drop Until
Buying Is Stimulated

Renewed apprehensions of OLD crop
liquidation before the new crop is
planted, combined with reports that
cotton might come Back here from
Liverpool for delivery on contract,
weakness in other markets and con-
tinued depressing British trade ad-
vices led to sharp break in the cot
ton market yesterday. All months ex-
cept October made new low records
selling at 12.76c and closing at 12.77c.
The general market closed barely
steady at net decline of So TO II
points.
The fear of spot liquidation was
evidently increased by reports that
Southwestern bankers were urging the
liquidation of cotton, grain and cattle
in order that farmers might reduce
their obligations before the planting
season is over. 1t was recalled that
reports published here last week have
indicated a similar attitude on the part
of South Carolina banks, and Southern
selling orders contributed to the de-
cline.
In connection with possible reship-
meEts of American cotton here from
Liverpool, owing to the lack of trade
outlet for the Liverpool stock and the
depression of the English market, it
was reported that one lot of 100 bales
was already on its way here. presum-
ably for delivery on contract. Other
factors contributing to the decline were
the weakness of foreign exchange, re-
ports of sharp break in the Egyp-
tian market and >rather unsatisfactory
reports from some sections of the do
mestic goods trade.
Japanese firms we're credited with
buying on q scale down.
Southern spot markets, as officially
reported, were unchanged to rs points
lower, with the quotation for middling
cotton down to 11.35c at Fort Worth
and 11.45c at Dallas, making new low
records for the season. The highest
quotation for middling cotton>>in any
Of the Southern markets is now 13,50c
at Savannah. Montgomery quoted mid
ding at 11.75c, compared with 12.27c
the closing quotation for March con-
tracts in the local market.
The local market for spot cotton was
quiet and 65 points lower at 12.55c5 for
middling. No sales were reported.
The range Of prices:
New-York tribune., 1921-02-25
Lack of Support
4 uses Decline
In Wheat Prices
Reported Advice of Banker
10 Farmers to Sell Grain
Bearish Factor; Export
Inquiry Fails to Aid Corn

CHICAGO, Feb. 24.-Bears had de-
clded advantage in the wheat market
to-day owing to uneaslness regarding
the industrial outlook. Prices closed
heavy, 3&c to 4Ac net lowe, with
March $1.67 to S1.676 and May S156M
to $1.57. Corn finished lac to 115c
down, oats off Tsc to lac, and pro-
visions at a setback of 7c to 22c.
Wheat values began to shrink as soon
"a the market was open. WASHINGTON dis
patches telling of the militant position
winch labor unions had taken as to in
functions and other related subjects were
clearly the main factor. The majority Of
traders appeared TO be impressed with a
belief that prospects, of better business
conditions soon had been dimmed Much
OF the selling that took place was said to
Rallyins power failed to develop, spe-
cial reason being a report that the head
of the Federal Reserve Bank 1t Dallas
Tex, was advising farmers to sell. Some
notice was given also to statements that
the greater part of the wheat arriving in
minneapolis came from Canada on the
decline in prices Italy bought 900
bushels.
Corn and oats sagged with wheat, de-
spite assertions that Germany would i'm
port 1S.5O0. 600 bushels Of corn to cut
down wheat requirements. Big arrivals
OF corn had considera Bile bearisn effect
Weakness in provisions was as1ribed to
the downturn in the grain markets.
New-York tribune., 1921-02-25
New G.. W. & ". Plan
Company May Be Formed a
$40 a Share

Reports were current in the financial
district yesterday that stockholders of
Castor, Williams G. Wigmore at q
meeting to-day will be asked to sub
scribe TO stock in new company at
$40 a share. An official, when asked
regarding such plan, said he had
heard that something of this character
was under consideration.
In the event that the formation of a
new company is authorized it will en-
gage in the export business on a com,
mission basis, it was said. In the
meanwhile efforts will be made to liqui
date the assets of the present company
in the most advantageous manner. IL
is estimated that the company has net
current assets equal to about $40 a
share on the 100000 shares outstand-
ing, but MACH of this is tied up because
of the existing foreign situation.
New-York tribune., 1921-02-25
Several Pacific Coast Re-
tail Buyers Among the
Bidders; Administer Rugs
Are i'm G. o o q Demand

slightly lower price trend, about
10 to Is per cent below present list
prices. fol carpets and rugs was de-
monstrated yesterday when the 81 ,O00,-
600 stock of 'the Empire Carpet Com
pany, jobbing concern, was placed on
auction.
The open sale by jobling house
was greeted as novelty in the trade
and brought out a large number of
buyers, mostly for retail concerns
located in all parts of the couI;t try.
Several Pacific Coast reta buyers ware
among the bidders at the sale, which
was said to have been influenced by =
combination of present conditions with
the desire to settle up the firms af
fairs following the death of Harris
S egel, one of its members.
The bidd ng was strongest in Ak
minister rugs, three-quarter carpets
and imported grass rugs. The floor
coverings offered comprise a represen
tative line from the factories of lead
ing producers.
Some Of yhe prices of standard 9x12
rugs realized at the sale were as fol-
lows: Jasper Administer, $23 to $24.25;
Manhattan tapestry, So so; National
tapestry, seamless, $16.25; Khorassan
Administer, $275o to $29; Fervak Ak
minister, S34 to $35.25; Laurel Axmin-
ster, STATS to $35; Victor AKIN nster,
$23.25; Palisade velvet, seamless, $2675
to $3.50; Akbar Wilton, $50; Monroe
body Brussels, $38, and imported grass
rugs, $4.25.
Buyers at the sale expressed them
selves as we'll satisfied with prices.
For some time the movement of floor
coverings has been restricted, due to
the belief of retailers and jobbers that
manufacturers pr ces have been too
high. 1t is an open secret in the trade
that some manufacturers more than a
month ago abandoned their price lists
and have been shipping goods on
memorandum to be billed after April 1.
1t was conceded that prices would then
be about Is per cent less than the last
list prices. Some buyers asserted that
the new auction will set q line on
prices TO be made when the manu-
facturers' new lists are offered in
April.
The auction will continue to-day.
About three hundred of the slightly
more than six hundred lots were sold
yesterday.
New-York tribune., 1921-02-25
LIMITED PARTNERSHIP
j. GUSTAV V. LANG
OF FORMATION or TN.
TIED PARTNERSHLP

WHEREAS, The undersigned des,r, .,
form a limited partnership pursuant to II,
firm name of u. GUSTAV V. Lang:
NOW, THEREFORE,. We. the und,.
signed. pursuant to the laws Of the Sta,
Of New York, do hereby certify as follows
which said limited partnership is TO h
conducted is u. GUSTAV V. LANG" an
the county wherein the principal place q
business is TO be located IS the County a
New York, Borough OF Manhattan, civ
and State Of New York The undersisnsS
hereby declare that they are the only per.
sons who are to constitute such Limited
partnership Of j. Gustaf " Lang, and yho
intend to deal under such name.
SECOND; The general nature OF III,
business intended to be transacted by suCh
partnership - that OF commission ma
chants and purchasing and export agents
THIRD: The name and place Of resi-
dence of the general partner in this par.
nership who is OF fun age. is as follows
J. GUSTAV Y. LANG,
$50 Riverside Drive.
New York City
FOURTH: The name and place Of rad
dence. OF the special partner In this par
nership, who is of full age. Is as follows
ANNE z. LANG,
$50 Riverside Drive,
New York City
FIFTH: The amount OF capital which
Anna r. Lang, the special partner. has
contributed TO the common stock OF such
limited partnership is the sum OF Ten
thoqsand (Slo, ,ooo) dollars In cash.
SIXTH: The time at w!lich such special
partnership is to begin is the LIST day OF
January. 1921, and the time at which the
partnership is to end Is the 31st day Of
December. 1923.
IN WITNESS WHEREOF, we. the IN
dersigned, the said J. GUSTAV V. LANG
and ANNA r. LANG. have hsreunto ssv.
orally set our hands and seals. all as Of
the both day of December, 1890 and have
acknowledge this certificate.
j. GUSTAV V. LANG Il.
ANNA r. LANG IL. 81
In the presence Of:
G. PETERSON
(Acknowledgnents
New-York tribune., 1921-02-25
Butter, Cheese, Eggs

Butter-Rcceipts were 11.712 packages.
Creamery, higher than extras, lb., 5O1a %
sic; extras, 81 score, soc; hrsts, S3 TO 50
score, 44@ 46 l2c; seconds, SO to 81 score,
36 q 43C; lower grades 30GD35c; unsated
higher than extras, SO q So &c; extras $40
52hc; tirsts, 45@5 seconds, 37O44c;
held or storage, high scoring, 45c; extras,
43 Il q 44c tirsts, $50 43c; seconds, 30Q37c;
lower grades, 27Q29c; Danish casks, fresh,
4S 1a Q149]2c; state dairy tubs, finest 47@
49c, good to prime, 40@46c: common 70
fair, 2s03Sc; ladies', current make, hrsts
26 @27c; seconds. 2212 QD23c; lower grades
20ha @21iac; packing stock. current make,
No. |, 22422+&c; No. 2, 21c; lower grades,
II 7@20c.
Cheese-Receipts were 2,157 boxes. State,
whole milk, held, early made flats, spe-
cials Id, 27Q29c; fall made, 26@27c
average run, 24Q25hc; fresh specials, "a 4
Q25c; average run, 22& @24c: lower
grades, Is q 22c; twins held specials 26 ~
Q2S%c; average run, 24@25 &c; Wiscon~
sin, held fats. 256@27c; held twins, 25 %
26iac; single Daisies, held, 24i5 GD26hc;
double Daisies, held. 24h Gp26iac; Young
Americas, held, 27Q2 29c; fresh 27la a
2SlAc; skins held specials, y GD19!sc
prime to choice l3Yl6c fair TO good. IL
Q12c; lower grades. so 1oc
Eggs--Receipts were 2,l57 cases. Fresh
gathered, extras, dozens 41c; extra tirsts
40c; seconds, sec; dirties, No. l. S3QDS6c:
checks, fair TO choice, dry. 80 u SIC; state
Pennsylvania and nearby Western, hennery
whites. extras, 55q 56c extra frsts So 10
SAC; hrsts, 5o@52c; gathered whites, firsts
New-York tribune., 1921-02-25
Cotton Statistics

points decline middling, 7.4Sd. Sales
5000, American 1000 Imports 5000. none
American. Futures opened Irregular, at
points advance to decline. Closed weak
Mt net decline of 27 to 43 points. March.
7.58d May, 7.o2d; July. 8,1Sd October,
s.37d; December, S46d; January, S.49d.
Manchester: Yarns dull and easier; cloths
New-York tribune., 1921-02-25
Germans Get Concession
To Build Steel Plant in Chilean
PrnYit1ce

SANTIAGO, Chile, Feb. 23.--Negoti-
atlons with the Chilean government for
a concession of about $4,000 acres of
land in the province of Lanquihue. in
the southern end of the country, have
been concluded by representatives Of
German industrial interests.
1t is planned to construct en- the
property plant for the manufacture
Of iron and steel products, says the
newspaper Ultimas Noticias The con-
cGetsion will run thirty years, but NAV
bbe'annulled within two il all machinery
IS not installed, and within five if by
tnat time the plant is not in full oper.
alton, it is said.
Otto Lenz and Paul Guerich, Ger
man engineers, who carried on the
negotiations, are declared to be en-
route to Germany to arrange for the
transp ortation of machinery, materials
and technical experts to Chile.
New-York tribune., 1921-02-25
Further Reaction
In Quiet Trading
On Outside Market
Business Volume Continues
Small, With Slarinkage in
Speculative Interest;
Texas Co. Rights Traded In

The yolume of business on the curb
market yesterday continued small, re-
fiecting dwindling speculative interest,
and many of the prominent active
issues showed small losses, although
there were some exceptions to the gen.
eral trend.
Texas Company rights to subscribe
to new stock in the proportion of
fifteen shares to one hundred held at
par value of $25 We're traded in at a
range of 17s to ga. 1t was figured
that the rights were worth about 50 :.
share, but the price OH the Stock Ex-
change dropped more than points
during the day.
Guffey- Gillespie Oil continued N
good demand, but Maracaibo. Interna-
tional and Simms Petroleum showed
small losses. Intercontinental Rubber
and United Retail Candy were lower,
but Durant Motors moved up slightly.
New-York tribune., 1921-02-25
BANK STATEMENTS
REPORT OF THE CONDITION OF
THE HANOVER NATIONAL
BANK
OF THE CRY

OF THE CITY OF NEW YORK
at New York, IN the State OF New York,
at the close OF business Feb. 81. 1921:
RESOURCES.
New-York tribune., 1921-02-25
Straw Sailor Hats Pushed

The straw sailor for women, cut and
trimmed along mannish lines, is being
pushed by many retailers as one Of
the leading styles for spring. The
combination of a crown of hatters'
plush with a straw brim is being
strongly featured. One of the de-
velopments of this line of millinery
is its retail sale in stores hiterto de-
voted exclusively to mems headwear.
The showing of women's hats ia mems
hat stores has aroused considerable
comment among women shoppers.
New-York tribune., 1921-02-25
Dry Law Hits Express Ca.

MONTREAL, Feb. 24.-Liquor trade
restrictionsin various provinces have
had an adverse effect upon the business
of the Canadian Express Company,
President William Pullen declared to-
day in testifying before an arbitration
board considering the affairs of the
Grand Trunk Railway, of which the ex-
IRE company is subsidiary.
New-York tribune., 1921-02-25

time before German goods can attain
their pre-war quality, the American
Commercial Attache at Lima to-day in
formed the Department of CONNIE. ice
Consensus Of opinion is that Ger
many will regain her supremacy in the
hardware market, but it is a qrestion
of when that time will come, the com
merclal attache. said. He added that
Peruvian merchants believe that it
will be six months to two years be-
fore Germany can export hardware in
large quantities.
New-York tribune., 1921-02-25
To Supply Government "Cas"

WASHINGTON, Feb. 24.-By direc-
tion Of President Wilson there has been
organized an interdepartmental COM
mittee to prepare and adopt specifica-
tlons for the supply of petroleum and
ITS products to all agencies and Offices
OF the government. In making the an
nouncement to-day the Bureau Of
Mines said DR.. H. Foster Balm, of that
bureau, had been selected Chairman
New-York tribune., 1921-02-25
Cuban Sugar Board as Work

HAVANA, Feb. 24.-The Sugar ri
nance Commission, which viii! handle
the forthcoming sugar crop, has entered
upon its official existence!a Seventy-fiye
per cent of the growers are stated TO
have signihed their intention of dispos
ing Of their crops through tho commits
New-York tribune., 1921-02-25
Cheaper Merchandise Urged

TORONTO, Feb. 24.-Cheaper mer-
chandise. is the best possible propa-
ganda for Canadian manufacturers,
Premier Dru1y, of Ontario, declared to-
day in refusing TO consent to a plan
submitted by representatives of COM
mercial organizations for boosting Ca
madam products through an intensive
propaganda campaipn
New-York tribune., 1921-02-25
Chile Boosts Import Tax
Council of State Approves so
Per Cent Increase

SANTIAGO, Chile, Feb. 24.-The
Council of State TO- day approved a
measure providing for a general in
crease of so per cent in import duties,
effective Immediately.
Certain articles will be exempt from
the new imposts.
New-York tribune., 1921-02-25
London Wool Auction

LONDON, Feb. 24.--At the wool auc-
tion to-day 1909 bales were offered
The demand was better and prices firm.
A few fine merinos were sold. Amer
leans were per cent UP. Medium and
inferior cross-breds were withdrawn
Capes aere 10 to Is per cent down.
New-York tribune., 1921-02-25
London Metal Market

LONDON, Feb. 24.-Standard copper,
spot, $40 2s Cd; futures, 500 rs Sd.
Electrolytic, spot, 373 1885, futures,
s17l IFS Cd. Lead, spot, slS SIS; fu-
tayss, sls. zinc, rpot, g25 losi futures,
szs sEs
New-York tribune., 1921-02-25
PROPOSALS
REQUEST FOR BIDS

arr
Th1 Delaware. Lackawanna ana w. of
the Interstate Commerce Commission, ose1SS -
October eth. 1919. Elk Parte No 81, 81
amendments thereto, gives notice tnat i 10 ~"
receive bids for Steel Signal Bridges, aScV'.
Ing TO plans and specifications Or he -
Office mentioned below.
QUANTITY ~
r. r., Harrison, y j.
Time Of delivery-2ia s1onths.
Terms OF payment--To De arranged ,,
Bids must be submitted 10 .. e HGeDs..
Purchasing Agent. at his Office. 30 We,
Street. New York City. on or before noon =
March 4th, 1891, and viii be received SA-
opened by him at said offiee N
Bids TO be accepted must comply II -
respects TO the order above mentioned. a
The right is reserved to reject any aud ~
bids.
New-York tribune., 1921-02-25
Commercial Credit

Commercial money remains in fairly
strong demand, report note brokers
and commercial bankers, with rates un-
changed.
Commercial paper rates are 74 per
cent for the bulk of new paper coming
ing into the market. 71a per cent for
some exceptionally good names and
short maturities and per cent for
names not SO well known.
No change was made yesterday in the
open market rates for bankers ac-
ceptances. Those quoted by the Ameri-
can Acceptance Council were:
New-York tribune., 1921-02-25
MARTIN-PARRY CoRPoR,T,'o,Sss; ;,

New IOrk, J8nuhI!, = ,far+ir.
The Beard OF Directors Of ihe sat Ast
Parry Corporation has this day a'saS a'seaac, psf
snare on the capitaI capt. stock OF the corporatfooo
payable March l. 1921. 10 STOCK kaolas5s l,,s
record at the close OF business FeDfo@siyc @ssiyc.sA
1921. The transfer books VIII not 20 ,aof III
F. NJ SMALL. STeslaen'