New-York tribune. [volume], April 26, 1919, Page 17, Image 17

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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Rainbow Division
Uses Wireless to
Get Subscription
Flashes Request for Larger
Purchase and Gets Order;
Six Firms Earn the In
du s t r i a 1 I?onor Fi?t;
Modern mechanical devices make
subscribing to Victory notes easy
from any part of the world, on land
or ees
Arthur P. Wolf, vice-president of
the Union e National Bank
and chaira m the cloalc, suit and
skirt commitl ' Rainbow Divi?
sion, yesterday brought the foretroin?;
truism forcibly to the attention of
g, J Wilo, i i nufacturer, who
?a en rou
By wireless Mr. Wolf flashed this
message to Mr. Wile: "Falling behind.
Double subscription Victory Loan."
v.. Wile had already placed a sub?
scription for $50,000 of notes before
leaving port.
"On!y too pleased; $50,000 more,"
was the answer from the manufact?
urer aboard ship .
The responses from the business
men on shore yesterday were not so
instantaneous, according to reports to
headquarters. Only $3.000,000 of sub?
scriptions wert' reported yesterday,
compared with $3Q,000,000 the pre?
vious day. A daily average of $38,
000,000 must be maintained if the
Rainbow Division is to attain its
quota, wh'ch is one-half that of
the entire LM Federal Reserve District.
Pass naif-Way Mark
Some of the more aggressive com?
mittees have already passed the half?
way mark to their goal*. The Women's
Clubs' Committee, which lead the field,
reported yesterday that it had ex?
ceeded 11 :' $450,000, with sub?
scriptions totalling $52
liar.;?'! Kops Morset?
i.:, i ' tterial Committee, re?
ported that his ^r.mn had filled t'"1 per
cent of - 65 1,0 lu. I'avid X.
and M. Mossessohn, joint chairmen of
the Ladies' Dresses and 'Waist.' Com?
mittee, iitit ounce i that their commit?
tee ha.! airea . .1 subscriptions
enough to reach To per cent of its
quota of
Speaking ai a rallj at the H?,tel Mc
Alpin yesterday, David X. Mossessohn
said: "You men are setting the pace
tax the woman's apparel industry and
you an? to be c ingratulated on your
tplendid spirit of loyalty to your coun?
try. Ii. , ?es v ',. re manu?
facture! ' their ii?
thousand d ? ?u a in V'ictoi y notes be
this loan means ? i i what <?? disaster
it would he jf America fulled
6?ionc| al this tim
.
Rain
?
i ,?,i,.,. . ,
i .
\ ;, ' I ?. I. I
.
... .,i,,,;,m?? ?,
n_ .. i_??t.i.(- j.-..-'..nu,i have
:?.?>., u,., w holt - ? ' ft -,
?ty?t\* l'n,,l? r?,,,ln,l', , i !,??.
- ,,!,.. ,, h!l''t. rtullc , , il.,,,1 I l,i >i( ,,
I ? I'.
i.inl 1,,',,?| rta?8l U, t'' 1 ' It.} . '
I ? 1 '-. . ! ,..?l,. ,
John Uto the i a ('??., Ine . Loo Knii * .lot?t
Manufacturing Compati) aud .i- ??? ? 'i r
Voofhi
? riptiotif. ttgftregfttiti
ivi? report i by the Retail Sho? hi
dustry Comtnittee after b lu
given by John Slater, chairman i tl n
tro-up. Some ol the larger i ub
werfe: J. f.- J. Slater, $30,000; 1
'.i ' ? '
Prank Brothers, $13..<: \. <
510.000 and A. Kohn, $10,00').
Million From Tobacco Trade
More than ?1.000.000 in now sub?
scriptions were announced by Ed vard
chairman of .he Tobacco In
mittee. The Exporl Leaf
lob.acca Company and the Garland
Steamship I ompany led the list with
a pledge of $500,000. Among the
subscribers were: (.corre W. Holme
Company, $250,000; General
I; Jacob We
M. Shinasi, $50.000; Otis
fellfh, ~'. 0; Edward Wise. $10,
O00,.and Maximilian Stern, $10,0*
A. C. : -iairman o" the Belts,
.^'.?spenders r.nd Garter Committee, an
: subscriptions from the Ever
?ast;c Company, Inc., $20,000; Knothe
Brother', $10,000, and the M? irch
r Company, $5,000.
The !:.? er Industry Committee
?'Wed a $2)0,000 pledge of Victory
[??-:?;-_ t - from Myer & Brown.
?re F. '?'.'. Woolworth Compan ? ub
seribed $400,000 through the Depart
-?'?'?*. Stc ? Committee. J. A. Cl | ?* ?
field, ch. ...-.- an of the Laundry ai . Al?
lied Trades Committee, report 1 a
subscriptor, of $10,000 from J' I gue,
Brown & Co.
John W. Edmonds, chairman ". the
Coffee, Tea. and ..nice Trade Con tt ?e,
?ported $245,000 of subsci
among others, from: El I &
&?l{i, ?:'.. ? - j.':,
?25,000; Macy Brother? & G il let t, ,
J&?iW. Edmond?, $10,000; W. F tlart
f?af,.1 $10.000; Mrs. Clara B. Mc- [
Creiery, $10,000; Joseph Pure-!:, $10,
*?; 8. A. Schonbrun & Co., $10,- ,
*W, and R. Lawrence Smith Export & I
??port Company, 810,000.
Nearly half \ million dollar was
Mdf.cl _? . luncheon yesterday of tl e
??led Mt r.c Trade Committee i: the
**el McAlpia, of which C. C, Cor.way
? e_.ai.r_.an.
What Jerwellers Are Doing
Aujru.t Goldsmith, chairman of the
[?*J??ry Committee, reported the fol
?: among subscriptions totalling
r? Brothers,
wifriend Brothers, $16,000; B . L.
ffi }'?'?? i Zacfc A Oppenheimer,
Byron I. Stranburger & Co.,
?I...0O-. Henry ;j Jaeobson, $10.000;
a*x Bernstein. $10,000; t h I i
^'?:.K 1,000; Ad !ph
!;.'?'?, $20,000; Lea & Kadison,
11 ?'000, ?n,j Jr.ria, Koch, $! -
??por., u> Gilbert B. Bogart, e
Wt director of sales here, yesterday
;fiC.tat*(i that the new V etory L I
?r? b.,
"??r? c?ub? are being '? ?ill
J* '*<"?< to $100 or %',
6??i sr? eligible tor admission,
Vuluabl*? Cargo Picked ( t>
. M><") deciajud t?_.;.ort? from A
in* united SUUi during Januarv
?,,.Vi *?*''?''?' ?'!'. to a '
*?l*d?d ta. ?is, of W| ich over two
?TV1* ' ' .or rr*i<!?
tf ,*f r. 1" order
??J^P^rtanr?, itnt>rwmi'\, totk wimic,
t?M J'" '? '? '" ' ' ''l"-*'""' The ?^
an Lf Piinfijjsi'y ?
fit .end t00k aJ, ihn atpQI{t mei
Textiles
Active Buying of White
Goods; Jobbers Place
Large Orders
; Converters, bleachers und printers
\ bought unbleached fabrics in liberally
yesterday, and prices were advanced
hi to ?. cent a yard. Buying of colored
goods also was of satisfactory volume,
the demand from shirt manufacturers
for goods to bo delivered in tho last
three months of the year being espe?
cially large. It was stated that plaid
ginghams for immediate and future de?
livery aro in scant supply, principally
because strikes at some of the leading
mills have cut down outputs.
Trade in bleached goods was excep?
tionally active with a number of the
lending concern?, and it was stated that
jobbers had bought enough supplies to
last from two to four months. Here?
tofore manufacturers of underwear
have bee nthe largest buyers of
bleached fabrics. These interests
usually buy goods at an earlier date
thnn tho jobbers because the fabrics
must be put through the process of
manufacturo Some of the jobbers now
in the market are said to be cautious
about placing large orders because of
the recent advance in price. One of
the leading sales agent;', for a popular
brand of bleached goods drew atten?
tion to the action of a well known
loca! retail store in reducing the price
of "Fruit of the Loom", a standard
muslin, to 20 cents a yard. The former
price had been L'5 cents a yard. The
??notation of tiO cents represents the
selling price o ftho producer of the
fabric.
J. S. Ehrich Estate $210,115
Drygoods Merchant's Widow Is
Principal Beneficiary
A transfer tax appraisal of the es
tate of Jules S. Enrich, member of the
former drygoods firm of Ehrich Bros.,
was filed yesterday in the Surrogates'
Court. Mr. Ehrich died April 20, ?918.
The gross valuation of $459,781 was
reduced by debts, administration and
other expenses to a net estate of
$240,415.
The d?codent owned stocks and bonds
valued at $438,917 His real estate was
appraised at $14,400. Mrs. Evelyn L.
Ehrich, his widow, of 1 West Seventy
! Street, is the principal bene?
ficiary, receiving $169,415. Three
daughters and eight charitable institu?
tions receive the rest of the estate.
.-__??-, ?
Manchester -Market***
MANCHESTER, April 25.- Cloths
and yarns fairly active and well held.
Germans Raise More Flax
?. :ncl ..''i .? :" hemp and flax in
Baden, Germany, is said to have in?
tl tweiUyfold during the wai
those props were raised by
. ?:, i a for puvelj
i he i.,. ...... Coi ,,i..'i Be ? -.
|?t,!:i fl Still ?;i?'l!?l ?l.'l; l;'<- l?l be i!?*
? ..[.',1 (,. i! ? ?? ?m,i hemp '??' hen noi ma!
..Ii?,1,11.OUT HI ,? ll'.-ll.',. ,i
Im liter Vthmtce U\
sin)?**? ? onihlpr-f-d Likely
i ,., ?i i.,., n,,.n , w.i. ,i \.?-?i,?i,i-.,\ thai
ii w;i -, 11... inii'i.".? um i?f iheee ? ho hail
attended the ?u el ?i" of the National
Hoot and ?hoe Manufacturera' A ocla
ti-iti, held m I'.-t'in Thuraday and yei
,' t.lnv in discuss general conditions in
lu My.' that a further advance in
the price of shoes Would have to bo
. I ii?' ? ontinin 'I higb cost
? "-I "' In r shoe mal i rial i and
higher wages being paid workers were
given as the reasons why manufactur
might be forced to place an addi?
tional charge on their product.
Furs
London Firms Draw Lots
for Priority in Fur
Auction
This year for the Hrst time tho four
firms conducting spring fur auction
sales in London have drawn lots for
the order in which they will dispose of
their goods. The sales are all held in
the same-room, and in tho past there
has been considerable rivalry among
tho firms over the order in which the
were conducted.
This year C. M. Lampson & Co. will
be first in selling Australian furs and
A. & VV N'esbitt, Ltd., third. In gen?
eral furs Lampson will sell first, Nes
bitt third, and F. Huth & Co. fourth.
On the American ?tapies Huth will sell
it first, Hesbitt third, and Lamp
son fourth. in skunk, opossum and
raccoon Nehbitt will sell ,rst, Lamp
son second and Huth third.
The sale of Australian furs begins
or. May 1. The Hudson Bay Company
>ld its sale on May 5, and the re?
mainder of th efurs will be sold, be?
ginning May ti.
- ? m
Delay in Collection of
Fur Tax Is Expected
Edward C. Fillmorc. counsel for tho
newly organised National Committee of
the Fur Industry, formed for the pur?
pose of obtaining a repeal of tho 10 per
cent tax or. manufactured furs, expects
h'.s request that the government delay
the collection of ?ni'.n?. returns on tho
tax from thirty to ninety days will bo
granted. Tho first return according to
the law which went Into effect Febru?
ary 25 ordinarily- would bo made April
i ? to the delay of the Bureau
of Internal Revenue in Issuing o'-fecial
rulings on soma of tho vague points in
the tax law It has been impossible for
the fur manufacturera to make up defi?
nite retu:i -t
Meetings and
Convention.-}
Alvin W. Krech, president of the
tbl - Ti ? Company, will speak
on tho need of "dollar credits" to
before the New York chaptor of
mei .??'..?'" ? ? ' r . king, at
it? sixth annual dinner at the Benn
KylvttiiiH Hotel,
Th? annual up r in a meeting und din?
ne - of the New Yoim < redit Men'a Ax
' ..n will 1,0 ( ?'i?l Thursday, May
16, m t! i- Hotel Amur.
The National Amoelatlon ? f M nu
.. m open Iti ' ? ? ' ? fourth
,i ? mi In r<* on May 10,
? 'leet-MK W ?1 ?'"' ? ''"' In
Ikm !? II? ?? ?, i'irci-t.ir
i, i ? i ;.. ! of I la rond*, Il ?xpectad to
,,- ?if Hm ?iioH-er?.
Filling of Victory Order
Calls for Prompt Payment
Success of Government Loan. Says Chairman of
Hide and Leather Committee, Will React Favor?
ably on Business?Urges Large Oversubscription
TlIEM the American people placed
an order for Victory back in
April, 1917, they did not expect
that the goods would be delivered so
quickly, according to Louis J Robert
: son, chairman of the Hide and Leather
; Victory Liberty Loan Committee. But
the goods have been received, and, so
far as the hide and leather nur. are
j concerned, Mr. Robertson says there
i will be no hesitancy shewn in paying
j the bill rendered by the government.
"We must consider the present Vic?
tory Liberty Loan from a business
man'., viewpoint,' said Mr. Robertson
yesterday, "not only because of the in?
fluence which the success of this loan
| will have upon our business, but. pri?
marily because business men are not in
the habit of ignoring obligations.
"To make a very homely comparison,
I feel that the entire country may be
considered a business corporation,
which in April, 1017, made a business
contract and placed an order for Vic?
tory. This order has been filled far
Jewelry
Exporters of Loiv-Friced
Jewelry Getting Soutli
American Tratle
Manufacturers of jewelry report
that they have recently developed a
good business with South American
concerns. One prominent export com?
pany here declared yesterday thai jew?
elry dealers in Brazil had shown a
particularly active, interest in cheap or
novelty jewelry, and that within the
last few days a shipment of several
thousand dollars' worth of this class
of goods had been forwarded to that
country. Previously other shipments
of similar rizo had been made.
The Brazilians are making heavy
purchases of heeded necklaces, cheap
handbags, novelties and a varied as?
sortment of white stones or imitation
diamonds. This is business that be?
fore the war was practically controlled
by German concerns, which shipped
large quantities of novelty jewelry
into the South American countries.
While makers of high priced jewelry
and silverware have been doing a lim?
ited business with South American
dealers, it is expected that wh n a
more concerted effort is made to build
up this trade fruitful results uiil be
obtained. W, 11 Rosentbal, of the De?
partment ?i Foreign and Domestic
Commerce, who has madt ?i thorough
investigation ol the lewelr.v situation
in i he countries south of t he pq i itor,
?s . xpe.ott ?! short l> to ?i? ?i.?' ?i 11
the Nat ?opal Jewell? rs" 1 i n ,i .??' Pi a,!,-,
after wVii. h it i? belie. ,-,i American
Jew i-llei . will ''? ? ""te lif'lt? in'l ?\ ?' ?n
going af tei ihis buelne ?
?
Souviner Co In H Ulegtd
Ciuler Treasury Rilling
DccUloii I.l(.ui_i4 Serious rclbuel.
for ItufiieuF? of !Mnn . ,.i)\\'a
elry ?\_;.nnf?.r.ure.,.i
In a eonii'iutiirat ion to lb? National
Jewellers' Board ol Trade, the Treas?
ury Departmi i t .tates that in the
opinion ol the I'nito-d States Attor?
ney at New York the manufacture or
Baie of bo uve ni r coins is a violation
of the penal code. This decision means
a Berious setback to many jewejry
manufacturers who are making these
coins into bangcls, bracelets, watch
charms, i-'carf pins, rings, etc.
The jewellers felt, that any objec?
tion to the use of these coins might
be met by punching holes in them, but
the Treasury Department ruled that
this would not answer, "as the vio?
lation involves the making of any
token or devico in likeness or simili?
tude as to the design, color or in?
scription thereon of any of the coins
of the United States or foreign gov?
ernments.
Many of the returning soldiers
brought back with them foreign coins
on which they asked jewellers to sol?
der rings, so that they might be worn
as charms. The ruling of the Treas?
ury Department prohibits the jewel?
lers from doing this work. Heretofore
there has been a divergence of opin?
ion as to the legality of manufactur?
ing souvenir coins. These coins orig?
inated in California some years ago,
manufacturers receiving contracts from
the state government to make th?'m.
The material used was not legal ten?
der.
Chemicals
American Producers Seek
Protection Against Com?
ing Potash Importations
Importations of potash from Alsace,
offered for May and June delivery, and
which are expected to arrive ir. this
country in Increasing I'olumc from July
.::. have led the American manufact?
urer., of this product to cake step,
for the protection of the domestic
industry. The recently formed organi?
zation of potash producers it was
learned yesterday, will shortly lay be?
fore Congress ?. plan to assure the con?
tinued existence of the American in?
dustry. This plan will In all proba
bil ' ;?' pr?vido for an import duty on
pol . I 'i.
Opinion in the trado Is divided as
to tho probable action Congress will
take.
"Congress, 1 believe, will ho s i tato to
place a duty on ti commodity like pot?
ash," Bald one large exporter, "because
it is needed by the farmer for the pro
duction of foodstuffs Such action
would hurt American interests at largo
. moro than the foreign potash
interoata, because it would Increase the
, ? [' | ..,: f io la'tufTs, which
v., [Id Lit every consumer It might ?
lead t > the redi-"Ion of the agri?
cultural output, as .' la n.U'.itwl that tho
i ,,-,.,-r will buy inoro potash when the
prlci ii low than when it la high. He- !
i,.,!,-., iii?h, thore ia the e-.pn.ot_i 61 poll
tica to consider, ua Congress does nol
like to ia.ui' the displeasure of the
fui m? r,"
< ?tiir Arid Prie? lo.ver
Manufacture*? of fitrlr nci,l yoater
d?> reduced Iho price ol lh? }'? >"!'"?' j
. to to ( i 10 i" ' pound. The ,
i,,,-,,,, i,,( iii.? reduction la the nc
:? |on ol ?tocha due I i reeenj
11, , .. impoi t .lions from England and :
Italy. I
Vx
. quicker than our expectations and
! hopes dared to anticipate, and it is up
! to the- business corporation of Amer
| can men and women to fulfil the sec
! on?,i part of their obligat.on and pay
for the Victory.
"Many mistakes have ! ei n made in
? having our order for Victory filled so
promptly, and these- mistakes have been
I costly but costly only in dollars and
( cents, and because of these mistakes
Victory has come to us quickly and
with a tremendous saving of American
lives.
"The conclusi'-n Is bo obvious that I
feel that long before May 10 has ar
, rived the loan will be tremendously
oversubscribed, although I would not
like to see any one make a smaller sub?
scription than he should, in the ex?
pectation that a large subscription will
; be cut down and prorated in accord?
ance with the limited issue of the loan
Even though it will not be accepted,
nothing short of a vast oversubscrip?
tion will provu to the world that we
are all of one mind during the recon
i struction period as well a.; during the
? war period."
Metals
Only Small Lots of Cop?
per Wanted"?Cut in
Output Is Expected
, Further curtailment o? copper pro
? duction may take place during May,
I unless there Is an immediate increase
i In buying, according to the opinion ex
| pressed yesterday by a leading dealer.
J The spot market was slichtly firmer
yesterday because consume rs who were
in immediate need of the metal placed
i orders for small quantities. Large
sellers continue to ask 1"'_ cents a
j pound, while the smaller sellers shaded
I this pine a fraction No si.h a were
i made on the New York Metal Exchange.
, Lead and spelter remained unchanged
Cables from London reported u rise
. of ?'tie pound in the price of tin, tho
closing quotation being ?226.10 shil
' lings per ton f? r spoi niel il.
: British Firm?* Making
Gas Stoves Combine
Mass Production anil Stand?
ardization ?f Parta __.xpe6.ecl
lo Re*nlt From ? ni.m
? I, _ .'.'lllfl.lt
pinu? 1
DON, April i !- -\n _i,i ?:.
t ; Dp i| 1 ' ? !e i.i , ? . i- Ut OV? , ,
i. ?\i i ?i ?Hg in un .o Gr?a. Rvitain has
I lieen iii'iiiiigi-,1, i lu- , irnpan
I,. :l,,J 1,'hl' \\ I ','!,' ,; I ! ,,'l.'
. I; ,.'?,,,,,, ,: ?. . ::,,?., ,im,I
M. ?.il r.iiiie-.iM W ;.l t . ,,el. 'h :,li.l l'..,, , ?
, . . :.i,,, i ,.,, | . ? |,i
T|,e l,-l-,l ,., ,, . ?'.? , ! .,.'!, t l , .1 , hpl
l?1 ?(1\ 0l\ ' 'I ' '.'.',1,1 U! 1,0 |f)
, ,,, ,| ', ,.p|','i i ?uln d ?i ? follow !
Mill ." ' ,i Issued
t i)i t .,[-,,.1
Wrighl and I sgl*
liimiy ! I ' ' O _ . "'.e 10
I!iehni"n?l Company -t 311 ,000
D.lVi ? l'rnii'.'U,'.'. OOU
? ,: |,o 10
In a ' rculai to r? holders, t ho
secretary of the Ji I n V. I gh1 and Eagle
Range Compans ?ays: "For some con?
siderable lim?- ?mst your directora have
felt that it' a union of interests among
some of the principal gas stovo makers
could be arranged, it would be greatly
in tho interest., of tho sharelioldei
and of the industry. It is believed that
this union of interests will enable the
companies concerned to carry on their
manufacture on more economical lines
! by reducing the great competitive ex?
penses entailed in this trade, con?
centration of energy, saying of dupll
i cation in the heavy manufacturing ex
i penses involved in producing the type
? of goods made by the inter' -led com?
panies mass production with greater
! output and standardization of parts,
! with a view to lower production costs,
I and also as n means of checking rises
in selling prices. It is anticipated thai.
these arrangements will result, not in
increasing the amount1/ of the distribu?
tions 011 the shares so much as in the
consolidating of the industry in tho
interests both of the manufacturers
, and of the purchasers of their produc
I lions."
Business Failures
Fewest in Years
Reports to Commercial Agen
eies Show Retail Trade Is
Hefter Than eYar Ago
Commercial failures in the United
t States for the past, week were fewer
than reported for a single week in a
great many years, according to "Dun's
?Review.'' numbering nly ninety-five.
: This compares with 12S the week be?
fore and 20t the torresponding week
; last year Tho_ ? - ep* n ing liabilities
| o? $5,000 oi more numbered forty-five,
! with forty nine the previous week.
i Ir. It? common' on business condi?
tions the merchant:le agencj says:
"While faith in the future continues
; more conspicuous than satisfaction
I with Immediate conditions the recent
advance In activitj I. being gradually
' extended and th? gam should become
; more sharply defined when existing
. political and economic obstacles are
diminished or eliminate,!."
"Bradstrect's" says ther ii fairly
fairly general agreement that rotail
j trad.e Is better than a year ago In
i Wholesale and Jobbing lines tho im?
proved pace is maintained, but tho
turnover is conceded not to !>?> eq ia!
| to a year ago when government buying
was a sharp stimulus to operations.
Itolatively best reports as to distribu- j
tin lu .'.",,' : : om the trans Mi isissippi .
slate.., the Northwest and the South, !
with demand from Kasjtorn centres not |
relativ,-'.', .- ,, |,? ?? '.:, ' ;.' W?1 h more lifo
m moat lines and with a fairly general i
on1 ih ' future l?e;. ing ia largei -
and proceeding with more eonfidenco I
thun u while ?go.
Sugar Refiners Buying Itui-lup
Huying ol btvrlnp wo? ?omewhnt nc
tive >i'..ti-idi?y with the lightweight
i:?ii.ii?i, winch un- lurgoly u?ou by ?ucnr
re finara, boina niosl In demand. Tho
i iileuttii nun Ue! w.'.'t repi'i U'tl to be
fii hum \\ htle 10 ut"' balea wen? i?'
,? i-1vi? 11 ut I he p??i I ??I New \ in i. wil Inn
I !i,< DM t I,?-.'. .1 i\ ... lit! Ifl lias bOUIl put
?D l IH' 111,11 kt't,
Co?on Men -Call
For Removal of
All Reslr ici ions
Demand Abandonment of
Government Control and
Brand Demand for Short
crHours Economie Fallacy
-
Demands for the removal of govern?
mental restrictions on privat;.- business
and the branding ci the system of de?
creasing output for the supposed good
? of employes as a fallacy were embodied
in two resolutions passed by the cot?
ton manufacturers at the close cf their
? business meeting yesterday afternoon
While the cotton manufacturers,
along with ether American business
men, gladly subordinated the dir? "... n
of industry, transportation ana P.nance
to the government for the pur? (
the winning of the war, they ray that
with this objdet attained ...1 restric?
tions on private business not hi
found necessary in pea?.:'.' times should
be removed, and that the control of
industry should be returned to Ameri?
can business men, whose enterprise
and patriotism have beer, demonstrated
during the war.
The reason for the adoption of the
second resolution was to give an an
swfci to the labor unionists agitating
shi rti r hours ?? ; labor as a ; olut ;. to
the unemployment problem. ?t was
brought out ii discussi n that certain
economists and laboi leaders have been
urging such ?*, course The cotton mor,
believe that anj reduction in the hours
of labor necessarily curtails produc?
tion, raises the ;ost of the article pro
duced, decrease ? consumption and
thus slows up industry as a whole,
causing unemployment. The remedy
for unemployment according tc the
cotton manufacturers, is to increase
production through greater efficiency,
thereby lowering the cost of manufact?
ure, which will increase tho market,
stimulate industr) and thereby provide
greater employment fqr labor.
I-residen : V. i- rank shi ove, ' Fall
River, Mass.; first vice-president Rus?
sell i!. Lowe, jf Pitchburg, Mass, and
second vice presiden?. Jan..'-; L'homson,
of Nov. Bi di'i i d Ma ?s., ivi re ,..'. i e
elected fo: thi en u ing ., ea r Di r< ci ors
? id were ??s follows: Morgan But?
ler, New Bi dford Mass.? Lewis Der.
i? : jr., Manchester, N IL, A W.
Pro* ience, R. L; J hr. t.. '!..*
Laughl . Itica N Y . and U hn IS kin
tiampton, M i
Tii. meeting yesterday .. ? nng
ivitl ' pi. tho
ili? ? Durfeo,
I r< asuret if thi i rdei City Manufact -
uring i 'omj .. ij 1 .. ' Rivci Mas , rhis
medal is given every yei o th
?. . ? .? m m i I
i !'" '.. i
idus try
iwarde :;urfee
' '
establish the trad
?-a itomary i ? I h
i., ntions ?, "i .- :' tirant, r,
?ai c mada
. ' :
'
!.. . | ., . ? ! l
II ' .,:.'.!,, ,',ilu
11 mi vv . ! ? ! ' H till i Und
I l i'\ , |, : . ? i, I1: I . I .,
! m,.,,i. ;. i, . . i . ,.. m i i
|**(* 11..- | i .',...- a ,.i |i , ill l'i
i;?,,iri, ?. nf|\...? ?.', j. i in In
ii'iln i ? ? ?ii pi .n ||)|e ... i ,
, . . , ii,t, n?.'., ..,.??.-. i i.',,',.-.
mid t.- i? H ?? I ii.' likened ?I'
|| . ,?;,,, i ?, g I , ?? i ? i. :lw? i,.mi | ,.m
I." ' - ' '??"'.
"i\ I ??.'?<* \ nil i, i. bu n sub --**?? i*??-.'*?."
a. aid, "and I i \* ? in !hai he tint a
I lllllll'C lui "I I I il
T.- train the foremen I
i..? - advocated n \? hi re
' ? u
?
aid, it 1 n
found thai 100 hours oi ti ainiiifi v ? re
aiar,'!,: ,. ? crafl
mi n ti to i fon ma , tli also
; ? I , o?a personnel or
employment department in each t'a?*
tur.* . wh -r th applicant foi wark
could !'?? i;iveri certain tests t<_ ascer?
tain ha* ii ,i.- "., lor the task he would
be > x peel ??<! ! n pe i form.
ia.'.ait- and export were the chief
topics ?if discussion at the afternoon
session.
"The fut ?ire of our prosperity," said
0. P. Austin, statistician of the Na?
tional City Bank of New York, "both
at hume and in foreign trade, lies in
the enlargement of our manufacturing
industries. We ?'an n<> longer contine
oar exporl trade to raw materials and
we have but mall amounts of food
stuffs to spare lie cautioned the cot?
ton man t?, consider well the desires
and wishes of the natives of other
countries in foreign trade und illus?
trated his point by showing samples of
cotton prepan-d for the Java trade and
for other foreign countries
"The Javenest don't want solid/colors
or small designs and modest stripes,"
he said. "They want large lierai and
bird-like figures printed on their cot?
tons. Other countries prefer other de- ;
signs. The manufacturer seeking ex?
port trade must ascertain these native
wants."
?Speaking on "Our Role as a Creditor
Nation," B. M. Anderson, Jr., of the
National Bank of Commerce, said that
whether w? liked it or not we must
continue to reinvest the interest on
the money Europe owes as, in Europe,
and must also sell to Europo on credit
since the nations over there cannot re?
pay iur .aas to them in cash or in
goods, because of the general demoral?
isation ? :' business.
Eight-Hour Day and
Motion Pictures for
Cotton Mill Workers
Seven weeks ago, Robert W Boys,
general super ntender.t of the Goud
year Cotton Mills, Inc., at Killingly,
Conn., inaugurated tho eight hour
working schedule .:. the plants of the
corporation and at the same time
pied the three-shi it syst im of
ope rati( n .
' na method " he said yesterday,
"hat, proved eminently aatisfoctory.
*>*.?> pay 'it operative? on a piece work
baois, and under tlie new method they
ore able to earn as much ?\a they did
when they worked in two shifts at
the rate of fifty hours a week The pro
duction of each operativ* ii equal to
that formerly obtained under tho old
plan ot longer hours,
'?"Be ides I lie a? w plan has result? d
in red je m g tho overhead oxponaes of
the mills, the machinery being em?
ployed during every hour of ta.* day
ami night.
"Wa aim I o pn vide plenty of work
for ? ti r upe rali '/e? al i.,-. i va a
tn-11, and wo nave found thai ? ur ef?
fort? have mini?? i'?n' contentment
among our i mploj ea AI! ol oui oper?
ative! live In houses ownod by t lie
???ii porat ion, w hich are ri ntod at renn
ontible ratea t?. Hi?* occupants \Vo . i
duel a movm,; picture theatre, while
providing ? ther foi ma ol entortainmant
fur mu employai. My attending t<> ii??*
tocia) as ??-ii a i ili.- material want?
ni our workers, we have brought about
a degree iif contentmeui lliat ahould
lu* an mil Idol - io Uolahevli in,"
WMJ?_UlUE-_?!W?a-CT??S_H^^
Tro beJoldT
?; AUEN PROPERTY
GENERAL CERAMICS CO.
JERSEY CITY, N. J.
] Manufacturers of Porcelain and Stoneware Products
? ?hares of the preferred stock and 5,112 share? of the
ion stock of General Ceramics Company, and 52 first
c^age, five per cent bonds of the German-American Stoneware
- oiks, now General Ceramics Company, a New Jersey Corporation
NOTICE IS HEREBY GIVEN, that the undersigned, Francis P. Garvan, Alien
Property Custodian, will offer for sale, at public sale, to the highest bidder', at the *
office of General Ceramics Company, No. 15 Exchange Place, Jersey City, N. J.. at three
o'clock P. M. on the 2d day of May, 1919, 1.225 shares of the preferred stock, par value
$100 each, out of an issue of 1,500 shares, and 5.112 shares of the common stock, par value
$100 each, out of the issue of 5,500 shares outstanding, and 52 first mortgage, five per cent,
bonds of the German American Stoneware Works (now General Ceramics Company), a
corporation created and existing under and by virtue of the laws of the State of New
Jersey.
Full description of, and information concerning, the property to
be sold, terms and condi'ions of inspection ond sale, and ihe order
thereof, may be obtained By application to JOSEPH F. GUFFEY,
Director, Bureau of Sales, 110 West 42d Street, New York City.
FRANCIS P. GARVAN,
Alien Property Custodian.
Business Is borrowing so little these
days that, though paper is quoted at
5V4 t? 5'2 per cent, there is not enough
of it to be able to say at which rate the
larger amount is moving. Some paper
bri kerg chink the market much easier
an i will not quote more than b1^ per
cent, maintaining they can seil ail they
want at that figure. The New York
bank, aro out o( the market. Some
.- have only a one or two days'
supply of paper on hand. In normal
to ten days' supply is
not unusual
The bank acceptance market waa
quite good for the drat few days of
thia week iepterday, however the
government withdi I 000,000
banks and ? iuj me of it
? t.- . ? hi banks are still shori some
$40,000,000, i actor
n ? adversely ,,it, ?.ted the .:.
ii...h t fui aoceptam as, i '??.:, ; -, simply
eann n hold on to an\ thing i. ?tb a ma
; m .' \ ,,i' sixty ,t?i\ a m I??.-? ??ni t he de
i,'.a:,,i ,. h,,t y ',ei foi a. >' m h ti -. above
Mi-i., and iiiii. t ? day bill ? move alow lj
Sivedli.Ii exportera Organise
lorn? A ???' lOt ijilion (O <.until
Their Special luinrptp*
,\i n meeting ?f .ha Swedish expon
nn \ f : 1 ? t day it. Was il?Cld?d t? f?fft.
en h octal ion tot tho guarding of
; ? un.i"t t h? name
ol the Swedish Merchants Club of New
Vork
To work out rules and regulations
for the club ti committee wbh elected
consisting ? ' Anton II. Asplund, presi?
dent of the Swedish Trading Company,
j cl.airman; Hans Lagerloef, president
of the Lagcrloef Trading Company, and
K. K. Froeander, president of the
Strombo ?? port und Import Com?
pany.
French Embargo Mo.Iific.I
A ministerial decree of the French
government, according to consular ad?
vices, abrogates the decrees of August
i. 1914*and March IG, 1910, which pro?
hibited the importation of raw sugar
of foreign origin. Raw sugar for re
fining, for tne manufacture of choco?
late, confectionery, preserves, biscuit,
dry cakes, canned fruit?-, liqueurs and
nil products for human consumption
may now be temporarily imported for
reexportation under special guarantee
that goods will be re?xported.
Not many new bills have appeared on
the market.
It was announced yesterday that the
first instalment of $10,000,000 on ac?
count of the $50,000,000 acceptance
! credit arranged here for the benefit of
! Belgian merchants had been called for
| by the New York managers oi the syn
| dicate and would be available. Dialers
I learned yesterday that the bills will
| not be on the market until Monday,
j ami apparently it. is not certain even
? then. This is the credit which was
! created nearly two months ago by a
group of banks headed by the Guaranty
("rust Company, and including the Na?
tional City Hank, the National Bank of
Commerce and J P Morgan ? ?'o. Tho
amount ?Aas over ;i0 per cent oversub
...a bed, It is said that possibly the
Aral instalment will be advanced by
tin foregoing institutions, and that tha
' batano? of $40.000,000, luw-i to be made
available, will be contributed l?v the
oil er members of the ayndioate
??'iii.t'ii t.? sixty day prime i rade ac
oeptanona were quoted at fi f?1? per
. ,'i-ni . sixty I?- I'm.a v .luv--?, r.
cen?. iiidvi sed M"-'" *. I ' i
,.,-! .eut all nmUinii"''
I ? \? li-inui*. K.il.-? ,iii Vi?l
!.. i.?i,n.-iii Tool Import*
lim man m&iiufnel urei ** of ra n Ii!
t....n ut,- i. lying on the pn i??"? low
rate of exchange f?>t considerable es
p.?n busdieas to neutral countries* but
thej realize thai an Improvement of thd
exchange rate will make it impossible
fol them to compete in foreign mar
kets, especially In the heavier type of
machines. The opinion of Gorman
manufacturers is summed up in s
statement forwarded t?y Erwin W
Thompson, American Commercial At
tach? at Copenhagen, Denmark, which
quotes the Maschinenfabrik Schiesi
A. G., of D?sseldorf, as follows:
"Wc hope that when peace comes th?
demand for medium and heavy machin?
tools for shipyards, locomotive fae
tories, etc., will he considerable. Ii
reality the demand for this machiner;
in the neutral countries is quite large
but orders are hesitating becaust
buyers are not sure that the presen
conditions in Germany make it possibl?
to deliver the machines. But, on th<
other hand, the neutrals have ever*
reason to give their orders to us nov
on account of our low rate of exchange
As soon as there is an improvement ii
the exchange rates, we consider the ex
port of medium and heavy machin?
tools will be out of the question.
3 a s i e Commodities
April 25. 1919
(Nate.?In those cases v^here no transactions were
prices are given.)
METALS
Friday. Thursday.
Pig iron. Fdy No. 2 x, per ton (Pittsb'gh) $23.15 $28.15
Lead, per lb. .05 .05
Copper, per lb. .loti .151.^
Spelter, per lb. .06.40 .06.40
Antimony, per lb. .063.; .0S34
Tin, per lb. .72!/2 .72' 2
PRECIOUS METALS
Platinum, per oz.$100.00 $100.00
Silver, per ui. 1.01 ' a 1.01'
CHEMICALS
Sulphuric acid, 20? oleum, per ton. $25.00
reported the "bid"
Week
afro.
$28.15
.05
.15'/4
.06.40
.0624
.72'/,
Sulphuric acid. 66" per ton. 16.50
Nitric acid, per lb. .08
Caustic soda. 76%, per 100 lbs. 2.75
Soda ash. 58^ light <bbl_t.), per 100 lbs. 1.60
Phenol, L'. S. P., (carloads), per lb. .03
Glycerine, dynamite, per lb. .14- .
Glycerine, crude, per lb. .09', ?>
Glycerine, c. p. (in drums). .16
Alcohol idenat.), per sal. .45- .48
Alcohol (non.-bcv.), per gal.. 4.90
Nitrate of soda. 96%, per 100 lbs. 4.07! 2
COTTON
Middling upland, per lb. 29.25
SILKS
Japan filature, No. 1, Shi.11.hiu, per lb... 7.00
Chlna-steuni filature, best, No. 1, per lb. 7.00
(antun tilature, Ex. Ex. A, per lb. 5.40
HIDES AND LEATHER
$25.00
16.50
.08
__.. o
1.60
.03
$100.00
1.01
$25.00
16.50
OS
2.75
1.75
.08
15! 2 .14- 15!/2.14. 151
.09 Vz
.15
.45- .48
4.90
4.071,
.O91/2
16
.45
4.90
4.07.2
Year
ago.
$34.25
.07.20
.23.50
.07.75
.13
?9K/4
$108.00
.95.25
$25.00
No market
?0634-.07
2.90
.60
.51
.1614
.71
4.95
4.35
-?3
23.80 Holiday 28.15
Hides, city slaughter, spread, per lb. .
Hides, city, nat. sir?., set., 60 or over, lb
1 alti Kins, city, 9 to 12 lbs., per skin...,
Leather, hemlock noie: ^|^^
Overweights, No, 1. per lb.
Middleweight?, No. 1, per lb.
RUBBER
Pur?, uprlver, fine, per lb.
Para, up-river, coarte, per Ih.
Plan,, lut latex, pale, crepe, per lb.
Plan., brown, crepe, thin, citan, per lb...
Plan., ribbed umoked Nheeta, per lb.
.32
.27?/a
6.92! 2
.48
.48
.Mi/a
.35
.48V4
.45' j
??I.''.
7.0O
7.0O
5.40
.32
-27'
6.92',
.50
.43
.55' '-,
.35
.49
.48! B
.43
6.60
7.00
5.40
.32
.27'
6.75
.50
.48
.86!
.34
.49
.46
.48
6.10
7.20
6.65
.2G>.'2
..' ?
6.35
.41
.69
.60
.59
.69
Leather
i
\lmports of Sheep antl
Goat Skins Are
on Increase
Although several comparatively heavy
consignments of sheepskins and goat?
skins were received In this country
i from South American and South Afri?
can porta recently, they have helped -to
alleviate the shortage of these skins
only slightly. All available stocks in
.this country and those en route frum
tin- primary markets are reported D?
have been bought t>v American tanners.
Just as soon as ?.he suns ??-hcIi thja
country they are ship?? d to the taxi
, neriias fur conversion i .to leather.
The market continues active, and
importe] * look for ?mprovi im
prices and trade ponditiona during t^*?*
next few months. Within the I-,
day a i.i 11 i. ties .,( ghee* - kins and I '
?
!. < ??i'?- i .?**. a, .?. hile from
!.? ?'?' Importen ahtainei
t''1. ball - .1 ; natsl ?n
-
\llt-'!-?l*itl| I ?tolf.l'??!' I ?ihIh
(fi'uwliijgi Market In Java
ii.-?.-?ii - of the inabllit .-r HtdJantl
in ?I'liiimio i,. ?,i|..?h the demand ?"t
'"??>tweai In Java, due to conditions
caused i',\ the **a*i. American boots un?!
shoes me being sold there tu larger
quantities than evei before, if efi
et gel h alii mai I eted- the Amei lean
product should find a permanent piafa
?in the trade of Java, In the opinion <?>"
A. )'. Oarleton, American Consul at
Batavia. The American shoe is pop?
ular- and it is said t?> he ns well suited
for the tropics a European makes?
Canvas shu? s are worn extensiv?
tenni- i-liur** also can be sold in limited
numbers. As the natives do not w?aas
shoes, tradu is confined to tho Euro?
peans.
Native shoemaker**! nn* Ekilfui in
copying, and _~ the retail prir.-s pt
factory shc-s imported from Hollaiul
and elsewhere are extraordinarily
high, considerable business is being
done by the native tradesmen. Chj
dien'.- blio?-s of French origin arc* sell?
ing for ?boui $8 a pair, far In exce-**-*
of pre-war price,?. Men's nhoes of tV-,
ordinary makes retail ut $10 and Sir*
gold.
-, ? ? - '
Retail Dealers Agree
To Protu-st Luxury Tax
Retail merchante will put th?*.luxury
tax, which goes into effect May 1, in
on under protect, according to-a
resolution passed yesterday by a meet?
ing of representatives of about thirttf
five stores held at the Waldorf-Astoria.
The -.ore controllers were gathered 4t
the request of John W. Hahn, secretary
ef the National Garment Retailers' As?
sociation, to discuss various phases of
-.)'? luxury tax and to deride specific
?ions of the- tax to merchandise
handled by the retailers.
! inferences of opinion were ex?
press? d upon the definite application of
almost every one of the tax provision*:-.
In many case*1, in the absence of defi?
nite official rulings from Washington
on the subject, the merchants agreed to
by a majority decision of those,
present. It wa? decided that the claujH*
taxing men's neckwear applied to miff
fiers as well. In clauses taxing ar
ticles Worn by women, misses and chit?
aron, it was decided to extend itt
? ' class to girls of six years of
age or over. Under this ruling all silk.
stockings of site 7 or over will be taxed
... 1 ? merchandrsi a c t>
It was d ut cur
r?.'tb, brassiers, ba ind princes'
lerwe?r, and so do nu;
fall will in i " tax. it was .-.greed that.
... ".! by thi*
ien, ?omeji,
ti ys, should ext nd to ?h,
sizes above tho < of six years of age.
Rubber
Want Little Scrap Rubber
Owing to Low Prices
for Crude
Immense Quantities of scrap ruhb?
are held by goalers, with little demand
reclaimers The scrap
rubber and 1 - buaineaa is said
to be utaa* ? e of the preserftr
low prices of crude rnbbei Tire scrap,
which Is the m?-si Important item id
up, ia ?** >iv selling at from ;*-. to
a n ? nd
It is believed in the trade that eon*?
ditlons will show a marked Improv*-*?
I ?.-> signed
and !?'?'? es m*$>.
mal, Seventy par peni of the scrap
rubber of th?* ?or ! I , . by th??
and *?' hen recial nod |r u*-?4
wtlh crude rubber In th ittantiiactUM
of rubber ' ?-. hos?-, et**,,
Kormally about $2,000,000 worth yf
?crap v.-< imported,