davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Buyers Report That Adj
vances Offset the De-
prcciatcd Elk hange;
Quoting Prices i'm Dollars

American merchants who have re-
Gently visited the European markets
generally report that the rising prices
in France and Germany have overcome
the buying advantage OF low exchange
rates and that is no longer profitable
to any great extent to buy goods in
those markets for sale here. 1t Is
currently reported that American orders
placed with British textile and other
firms ut the Leipzig fair short time
ago have been subjected to price rises
since and in many cases to cancel
lations.
on this topic Commercial Attache
Herring at Berlin has reported some
specific instances of conditions faced
by American buyers in Germany. Mr..
Herring reports the recent arrival in
Berlin of an American interested in
buying power sewing machines for use
in the clothing industry. Although sew-
ing machines are not subject to tariff
duty in Germany and the freight and
insurance from Hamburg 10 Chicago
amount to only $2.25 per 100 pounds
the machines weigh about $50
pounds. he found the German export
price too high to insure a reasonable
profit on machines bought in Germany
in competition with American ma
crimes Incidentally, the merchant
stated to Mr.. Herring that the German
export price quoted in dollars was 20
per cent higher than the inland price
in gold marks.
Another recent American visitor 20
Berlin stated that for locks which he
bought at 4.50 marks each in New York,
C. i. f., last September he now pays
81 marks. Safety razors, he said, were
retailing in New York when he left
there at ore third less than the present
German wholesale price. The great in
crease in price of metal goods is said
to be due, among other causes, to in
creasing supervision of the "Aussen-
handelsstcllen" and the government
over export prices.
German exporters arc now demand
ing that sales for export be paid in the
currency of the country TO which they
are exported. Under the recent ruling
the Reichsbank viii not allow drafts
or bills of exchange to go through IN
less they are made out in the currency
of the country to which goods are ex-
ported. The bank has received au-
thority to examine the books Of ex-
porters and if sales are made on the
basis of marks no permits are granted
to exporters.
"Two days ago. said Walter E.
Speigel. of Speigel Bros, importers,
"our house notified US that in the fu-
ture all payments for exports would
have to be made in dollars ard cents
instead of marks, as heretofore"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13

Pittsburgh ~
SIS Ark Cas-. ;;s j ~ IN S !:
10 Pitts Coal pr. IS 70 30 Is
300 Pitts Mt Shas. % - o.
90 Con Ice pr - q, az ~
100 Duquesne OIL. "a "a Az asA
10 Lone Star Gas 2o% 20 "a" 5aA
rs Mfrs Light. 90 eeA esx sou
So r supply. SOS eVt7 al? IN.
100 Pitts Brewing. "a 20 az sH
l25 Pitts o & c. S& - sesr fsSh
10 Union Gas. 1861 1861 1sez stk
So Wesfingh Il 94I 94e. sfS -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Financial Items

Gilbert G. White. formerly with Brown
Brothers has become associated with Col
gate & Cox, in charge OF their trading
department.
Edwin H. Bigelow. who has been asso-
ciated with Dillon Read &; Co since 1903
has been appointed the head OF their
municipal department.
The Association OF Foreign Security
Dealers of America has announced that
the meeting of its Trading Regulations
and Arbitration Committee VIII be held
May 49,
Albert Il. Marsh is now associated with
Watson & White in their bond department
At The annual meeting of the stock
holders of Tire Safety Car Heating &
Lighting Co. held yesterday the follow
ing new directors elected: Chellis
a. Austin. Robert Barbour, e. NJ. Bulk
ley. W. l.. ConwelI. j. A. Dixon. C. r
ENicott. +. F. Fitzpatrick, e. LeB. Gard
neI, r. Parntly. G. d. Pope Alexander c.
Sop.r and James + Soper
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Business Items

Ordinary ana black rnuskrat s.,s. :.
ciined Q per cent 1T the c. ". rarnp.o, ! !.
Co. spring. sale IN London this week' eo-s
pared 10 the winter prices, Southern ag,t.
rat advanced 10 per cent.
Frederick x. Nixon, member q, .h..-
o. Nixon, Walker 4 Tracy slnce 1sIj A.
before that connected with the Arsr',,,
Wooden Company. has bsen named ss,ls,
agent for the United States Worstet f's-''
many. 70 succced +. ? Kirkaldy. n.
United States Worsted Company hss t...
IN the process of rsorea nization For g..
time. following heayy 7sees Incurred dr.
Ing the business depression
The last regular meeting Of tie lsr.
c'ated Retain Credit Men Of Naw York n,
until next Septem nor will held on Mar
at $50 p m ar the Aldiae Club. Dan;
u. Goiieb. treasurer OF Einste!n 4 Wes
viii talk on credits and collectlone.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Coffee futures-The range of prices.

luur5.
open High Low Close closs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Mutual Oil Surplus S6o.54O

The combined balance sheet of the
Mutual Oil Co. for 1927 showed sur
plus of $50 ,540, as compared with
surplus of s713.219 III the preceding
wear. The profits for the year tota!ed
S1.257 $50. Deductions for reserve.
depreciation. depletion, loss ON inven-
tories and paid out dividends amounted
10 S191902O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Penny Co.'S Sales Inere...

Sales in the 9l2 J. c. Penny Can.
pany retail stores throughout =.
country for April we're s. $40 sss =
compared to 3.T26.325.57 for l,,s
1921. For the first four monks J ;,
TINS year sales we're s11,s55 s0sa
compared to $I2,e49.713.z1 for ii. nv
responding period last year. ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13

Credit Guide analysis .hor.
decrease in the AVERAGE ~. 'liss.
the bankrupt firms. as n ,a.aeill'Y 1t
the week previous. Of h. s'ps'ef With
ures for the week 81 nv 'otal fail
debts under $4,000, as 49, sg,;s seas owed
cent last week and 90 s a. 81 PEI
week previous. Twenty-oss. ssat TO
owed debts between siogn @ esas
900, as against 20 per csss i sas rs.
and 1914 per cent the weak , ..ss Fest
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Failure Rate Continues Drop

The drop IN the weekly rate Of COM
mercial failures was accelerated this
week. Fewer failures were reported
than for many weeks past. r. G. Dun
& Co. place the number this week at
408, compared to 491 last week. Brad
streets report 374 failures this week,
against 400 last week, while the Credit
Guide announces 397 defaults this
week, compared to Asa last week. The
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Montreal
Toronto

do old pf. ..... ~
do new pf. 49,.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
B u sin ess News
German Price Rise Impedes !
u. S. Purchasing in That Marka,
Predict Further Dr.
In Retail Cloth.

CHICAGO, May 12.-Ps+..,
ing prices have dropped ~ =. cloth
since July, 1920, and -, ys' cent
cline is expected, s.eora;~ ''sf De.
National Industrial 60 % sas
Board which has made a .pr, ,s,'' =.
the clothing industry. q
between November, 1872,
March. 1922, tho averas. and
clothing decreased s "a, .D'' Of
report said. 'hs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Paris Market HEAVY

PARIS, May l2.-prices were heavy
on the Bourse to-day. Three per cent
rcn;es 80 francs 30 centimes; En-
change on London. ts/fIancs 10 cen
times; five per cent loan. 10 francs 20
centimes. The dollar was quoted at
10 francs 95l2 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Commercial Credit

Bankers acceptance rates were
slightly softer yesterday, the buying
rate having been reduced to 3A per
cent, drop of one-eighth of l per
cent.
Commercial paper continued to dis
count at to Az per cent The Amer
lean Acceptance Council quoted the
following discount rates on prime
bankers acceptances eligible for pur-
chase by Federal Reserve banks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13

LONDON May ~ Trading was
quiet and prices moved irreguiarly OH
The Stock Exchange to-day. Bar gold
was quoted at 93s "a; money was loaned
at ] =: PEI cent. Discount rates were
Short bills -. per cent; three-month
bills 2 5-lGGl22s per cent
Consels for money were quoted at
.-7ia. British ) per cent loan at 99as
and British Az per cent loan at 1914
Clnsinn stock quot atiors were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
DIVIDEND NOTICES
OFFICE OF
LOCKWOOD, GREENE e. Co. MANAGERS
RnSfnn

The quarterly dividend OF ~ on thu.
preferred stock of International Cotton
Mills has been declared payable June
iI2. AT the oiiice Of the Transfer Agents,
he Old Colony Trust Company. Boston
Mass to stockholders OF record at the
osc of business MAJ IS. 49,
INTERNATIONAL. COTTON MILLS
s. HAROLD GREENE President
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
London Metal Market

LONDON, May 12.-Standard COP
per, $50 IS; futures, $50 12s Cd: cleo
trolytic, spot e65 los; futures, s67 los;
tin, spot SAG los; futures. sI51: lead,
spot s24 Is Cd; futures, s23; zinc, spot
SGT; futures, CIT.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Southern SUOt NJarkptS-(

Southern Spot NEUTRALITY-SUSPICIOUS. steady
unchanged, at 9.25c; sales. 2,l9o bales
New Orleans steady, 10 points higher. at
1850; sales. SAFE bales. Savannah firm
- higher at 19c: sales 40 bales. Nor-
tolk steady. unchanged. at l9c: sales 22St
alcs. Augusta steady, unchanged at
lS.Ibc; sales 465 bales. Memphis steady
unchanged. at 1850; sales. 3.3oo bales.
houston steady. unchanged. at 1890:
sales. 2.016 bales. Little Rock steady, %
higher, at 1850; sales. 27o bales. Dallas
steady. unchanged. at 1S.65c; sales 2,398
bales Montgomery firm. unchanged at
1s.2bc; sales, ~ bales. Fort Worth steady.
UNCHANGED. al 1900. sales 81 20 halcs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
THE NEW YORK AND HARLEM
RAILROAD COMPANY

New YORK, n. z, April T, 1872.
NOTICE Is HEREBY GIVEN that the
Ninety second Annual Meeting OF the Stock.
holders of The New York ard Harlem Rail-
road COMPANY, for the election OF Directors
and the transaction. OF such other business
- may lawfully be brought before the meet.
ing, VIII he held at the office OF the company
10. HeS Lexington Avenue. in tha City Of
lew York, on Tuesday. tho 10th day OF May
The poll viii he open At ~ O'Clock noon
ma continue open for two hours thereafter
Ihe transfer Books will he closed at 3
"ciock y NJ on Tuesday. the 25th day OF
SPril, 1922. and reopened on the morning Of
Wednc.day the 18th day OF May. rs2e
EDWARD T. STEPHENSON. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
FINANCIAL MEETINGS
THE HANOVER NATIONAL BANK
of tho City OF New York,
Nassau and Pine Sta.
New York, May g. 1921.
To the Shareholders

To the Sharcholders
OF the Hanover National Bank
of the City of New York:
Notice is hereby given that special meet
ing OF tho shareholders OF this Bank has
been called and will be held at 10 o'clock
,. NJ. Tuesday. the sixth day OF June
1s22 Ct the banking Office of Tho Hanover
National Bank Of the City Of New York
corner Of Nassau and Pine Streets Manhat-
tan. City of New York, TO vote upon the
following resolution:
RESOLVED. that, under the provisions
ot the Act of May L. 1896 the Capital Stock
u. this Association be increased in the sum
OF $4,000, 600. making tho total capital
$4,000. 900. Said increase shall be made by
a stock dividend from the undivided profit.
OF the Bank. and to vote upon such other
matters as may properly be brought before
said meeting
BY order of the Board OF Directors
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Federal Land Bank Bonds

Form. Rate, Maturity Bid. Ask. Yield
Inter. IS, 1s41-'31.. ...1o4 104la 40
d DO s ss' 1yl:s5 ~ 1879 ~
do ANS. 1942-1932. ....100 1908 445
do 4ias. 1a39-'24. 9oIa 100 4.So
do AIS. 1882 99la 100 40
do AIS, 1937-1922. .. 991a 100 45O
do 4hs, 1937-l922 99l5 l00H $50
Joint Stock Land Bank
5s. 1851 1881. ..........100 1926 Ark
Joint Stock Land Bank
5i2s 1951-1931 ..103M 1857 400
Joint Stock Land Bank
SIS. 1939-1924 ....... 90 100 r on
Chicago Joint Stock Land
Bank 51as, 1961-193f. .1O4 los 40
Chicago Joint Stock Land
Bank S. 1937-l940. 99X No0l. 4es
Chicago Joint Stock Land
Bank IS, 1951-1931 ....102 1O3 4S2
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13

To the Holders OF
Four Per Cent. Debentures Exchanged for
Debentures Of the Four Per Cent.
Fifteen Year European Loan of 1907
the new YORK, NEW HAVEN AND HARTFORD
RAILROAD COMPANY
The provided the Agreement dated March
declared operative.
Holders OF os deposit issued under said
entitled payment. pro-
vded with the per
April 1922. May 1922
after May n 1922 which
payment The payable
after May viii be 500 deposited
coupon engraved pepa1ed
holders Will entitled
tended and stamped Agreement provided
sheets attached.
parties to the Agreement is extended subject
undcposted
may present deposit below ccri
May 1922 the
cash payment above mentioned.
BY order Of the Board Of Directors
E.J.PEARsoN,
President
New Haven May 10, 1922
DEPOSITARIES
Bankers Trust Co., New York City
Drexe & Co., Philadelphia, Pa
Old Colony Trust Co., Boston, Mass.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
PhiIadelphia
Bonds

$1,000 Am G & f IS IS So s. a.:
1000 Bell Tel IS ..1o7s 1ol = io a,s ii
1000 700 I Eleo = Fec as as 80 50 ss!s q q
1000 Equit Gas 5s. .1oeA loeA 1ee1 AZ 4
1000 I4k Sup inc 5s- IS 30 so, 80 -.
1000 Lehlgh Val 6s.io2S 1879 lsa Us q
1000 Phil Co LIST IS. g9le as.a ~ Il
1900 Phil FL LIST 5s. sss. ssh , 70 ,es
5000 Phil Elec SIS. .1o37 Is los . ie9s "a
1000 On RVS S.. s6,s Ssh ssh y
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13

Sugar and Coffee
Raw Sugar Futures
Tho market ruled quiet throughout the
day and price changes were uniInportant,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
1forrn. Ratc and MATURITY
New York State Bonds

Issued In coupon and registered form
not interchangeable. Coupon bonds regis
terable.
Bid. Ask. Yield
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-05-13
Cotton Statistics

Liverpool Cables--spot cotton good de-
l1.bsd: sales, 1900 bales: Americnn =,
5000 bales. Imports. 5000 bales all
a mericani Futures opened steady at u
steady at net advance Of 4114 points.
May, 11.29d; July, l1.2Sd; October, l11od ;
December. 10.aed: January, 1O.94d; March.
lo8ed. Manchester: Yarns firm, cloths
in good demand.
COttOnseed Oil
The market for cottonseed oil was
steady during the first part Of the day,
with comparatively little pressure to sell,
but toward the close easiertone devcl :
opened under scattered liquidation and
iral quotations We're s to Is points net
lower Total sa les for. tho oa. ware TX y
500 ibis.
The range1of prices:
The Washington times., 1922-02-20
j. s. 0|L:C[|QUE
ST|LLPLOTT|NG
AGAINST MEXICO
First Congressional Speech on
Expose Will Be Delivered
In House Today.

Definition OF the State Depart
ment's stand on a Congressional in
yestigation of oil plots against the
Mexican government has caused a
number of Senators and Congress-
men to look for a solution OF the sit
uation beginning this week. Acting
Secretary of state Fletcher an
nounced that such an investigation
would not interfere with pending ne
gotiations between the two countries.
The first exposure, to be made on
the floor of the House is the speech
of CONGRESSMAN Tom Connally OF
Texas. II will be delivered today.
proyiding parliamentary procedure
does not preclude II again. That one
or more Senators will give an ex.
pression of the advisability for the
recognition of President Alvaro Obre-
CONS government either today or
Tuesday was reported as a proba-
bility. ..-.
II il known that the oil groups,
although hopeful of delaying facts
from reaching Congress In session.
are depending on causing as much
embarrassment to President Obregon
as possible.
The presence of Esteban Cantu,
former governor of Lower California.
IA regarded as significant. The move
ment of Felix Diaz from New Orleans
to Guatemala is another indication
that the oil interests want to argue
for official consumption that Presi-
dent Obregon is facing a crisis
Meanwhile. II is understood from
we'll informed persons, that the OIL
agents are endeavoring to make
moves toward settling tax claims due
the Oregon government. II this is
done, II is predicted that the Mexican
problem will be taken up summary
and put on the way toward solution
within the week.
Despite all rumors-none OF which
is official, according to the War De-
partment-that revolution is foment-
ing in various parts of Mexico, infor-
nation here is that President
Oregon has a firm hand on affairs,
political and military.
Carmi Thompson, former Secre-
tary of the Treasury under President
Taft, was in Washington Saturday.
This recalls a situation wherein Mr..
Thompson's name was traded upon
by revolutionary agents in their req
reservations to the oil men that he
could get the Government in back OF
Pablo Gonzales.
In a hitherto unpublished teie-
gram, addressed to Jose Patino,
right.hand man for Pablo Gonzales
In Laredo, Tex. an agent Of the
oil group wrote on July IL, 1921:
Documents RENTED to Thomas
+. Lee caused best impression.
Lee and Hugo Dickson leave to-
morrow with the documents"
The above telegram is decoded as
printed and includes other informa-
ton. II mentions Carmi Thompson
in code. The documents referred to
were the reply of Gonzales in an
swer to Lees now famous Long
Letter." which explained the atti-
tude of the powerful moneyed
groups Of the National Association.
Hugo Dickson was a relative of
Gonzales by marriage and a native
of Monterey. Mexico.
The Washington times., 1922-02-20
Sales Tax Popular,
Bacharach Is Sure
By CONGRESSMAN ISAAC BACHAR
Of New Jersey.

Member Of the House Ways Committee.
Written Especially for Universal Service.
CINCE apparently it has been decided to drop the
- program of special taxes suggested by the ways
~ and Means Committee for financing the soldiers
bonus, Congress should adopt the sales tax to pro-
vide the revenue am certain that if the sales tax
is given trial it will become so popular that gen.
eral sales tax will replace our present system.
The people do not want any more bond issues.
Any proposal to issue bonds for the bonus will be
fought in the House. 1t must either be the sales tax
now, the burden of financing the bonus must be
thrown into the general appropriations
am just as much interested in the sales tax now
when sought to have it substituted for the
present tax law. I want to see it adopted for the
bonus because believe that if it is given trial it
will become extremely popular and will be adopted
as the principal source of revenue.
All arguments raised against the sales tax best
answered in the State of Pennsylvania, where they
have had sales tax for the last twenty years.
In that State they levy tax of one-tenth of per
cent all retail sales and one-twenteth of 1 per
cent on all wholesale sales
None in that State unless they particularly in
terested, know that they paying it. 1t has been
completely absorbed that most of the people in
that State do not even know that they have sales
tax there
The Washington times., 1922-02-20
TEXANS PRAISE
ObREGON RULE;
HIT OPPOSITION
FL Paso Chamber of Com
merce Calls for Suppression
of Rebels in U. S.

Ell PASO, Feb. 20.-Resolutions
indorsing the government of Mex.
leo and congratulatink President
Obregon upon success attained by
him and his administration" were
adopted by the Ell Paso Chamber
Of Commerce at a luncheon held in
the Hotel Paso del Norte today.
Copies of the resolutions were Oh
dered sent to President Harding,
the governors Of Texas, New Mex
leo and Arizona and to President
Obregon.
Directors of the organization con-
demned what they believed to be
irresponsible actions Of persons who
seek to make II appear that ievo-
lutionary conditions exist in the
state OF Chihuahua or anywhere
else in Mexico" and denounced 1.-The
propaganda being sent out from FL
Paso as false and detrimental to
the interests not only of the com.
munity, but of the American PEG.
pie generally"
The resolutions urged Federal Of.
ficers In FL Paso to prosecute
parties who may have been guilty
of violating neutrality laws by con.
sBNing to incite revolution in Mex.
leo.
That the Obregon government
was a stable one and that 1t was
the desire of the Obregon admins.
tration to create friendly relations
between Mexico and the United
States was voiced by speakers.
The Washington times., 1922-02-20
CATHARINE WOODY LEAVES
ESTATE TO TWO SISTERS

Catherine A. Woody by her will
dated March 10, 1920 and filed for
probate today leaves her property
in equal shares to her sisters Mary
E. V. Dugan and Julia Sullivan and
names the former the executrix.
A petition for letters OF admins
tration on the estate of his son
Archer b. Bell, who died January %
last in this city, was filed today by
G. Clinton Bell, of Philadelphia. who
declares that his son left an estate
valued at $4,000, consisting Of
stocks and personal effects. Besides
the petitioner. he left a mother, a
brother and a sister.
The Washington times., 1922-02-20
'G.O.P.LEADERS
WORRIED OVER
BONUS TANCLE
Party whips" See Session
Running Into New Con-
gressionaI Campaign.
BY International News Service.


Republican leaders of Congress
admitted frankly today that they
are worried over the existing legis-
lative tangle which is threatening
to carry the present session well
into or even through the coming
Congressional campaign.
The Republican party whips
outside as well as within Congress
are known to be worked up over the
prospect Of the session continuing
during the .spring and summer pri-
maries, in which one-third of the
Senate and the entire House men,
bership must first go 10 bat for re-
election.
With Senate and House Repub-
licans at cross-purposes over the
tariff and the soldiers bonus, which
Republican leaders are fearful will
become two of the chief issues the
Democrats are banking upon to re-
gain control Of the House, the plan
for an adjournment not later than
June ! seems now to be a forlorn
one.
The President recently expressed a
desire that the Senate put the arma-
pent conference treaties ahead of the
tariff. Indefinite delay is menacing
the Administration program for
early ratification of the several pacts
because of the demand for further
information made by the Republican
"irreconcilables" and Democrats con-
stituting a majority of the Senate
Foreign Relations Committee with
respect to the four-power Pacific
treaty, and the status quo in Pacific
Notifications and naval bases pro-
vided by Article XIX OF the naval
limitation treaty.
Long Senate Battle Expected.
The mix.up over the soldiers bonus
in both the Senate and House rem
ders uncertain what kind of a bonus
bill will be passed eventually, or how
soon one can be passed by both cham
bers. A number Of Republican SEN
ators have already Joined the Demo
cratic minority of the Senate in OPP
posing a sales tax to pay for the
bonus, and a long controversy in the
upper chamber is believed to be in
evitable IL a bonus bill containing
such a tax is passed by the House.
The action of the Republican men,
bers of the Senate Finance Commit
tee in dropping the American valua-
tons plan incorporated in the Ford
ney permanent" tariff bill passed
by the House, and in reverting to for
eign valuations as a basis for levying
ad valorem duties, has brought them
In serious conflict with House Re
publican leaders who favor the
American valuation scheme.
The President may be forced to in
tervene again. it is generally believed,
in an effort to en- dthe impending
deadlock over the tariff.