New-York tribune. [volume], May 23, 1919, Page 18, Image 18

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

Image provided by: Library of Congress, Washington, DC

                
BUSINESS NEWS BUREAU i
Tribune Building
loi- Nassau Street
rwi ? r im i ? ?
ine Tribune
?
e of Business News
TELEPHONES j
Beekman 8243
Beekman 3000
Will Exchange *
Goods for Tobacco
With Near East
Formation of American For?
eign Trade Corporation,
With$20,000,000Capital,
Announced bv H. M. Dav
To establish n channel through
which manufactured poods enn flow
regularly from the United States to
the Near East, the American Foreign
Trade Corporation has been formed in
Virgin '. with a capitalization of $20.
OOQ,000. It is sponsored chiefly by
American tobacco mon, who buy at
leasl $25,000,000 a year of raw tobacco
in the countries to which the new trad?
ii g organization purposes to ship
products of American factories.
The :ri shipload, laden with gen?
eral merchandise, The Tribune learned
yesterday, will leave about the middle
of June, and others will carry the
goods of the New World into the an?
cient countries of the Hast every forty
deys. Twenty-eight large American
-i nufacturers, it is said, have already
join? ! fore? with the new instrument
< .' ? -. -....??rce,
and Smyrna, having been
? ??.! to Allied commerce during the
war years, are in great need of mer
' handise of all kinds, and officers of
?;,,' new corporation declared yester?
day, the impulse for the working out
the new trading technique came1
? 'i;: the people there, as well as brcsi
men in Greece, in the Rlack Sep.
;>or(?. and the Balkans generally.
Plan of Operation
'. i- ? plan is '." take samples and
rch ??':? e to offices in the
I 'as i which the corporation -has
? poned, and to charge the manufactur?
iers a commission for acting as their
.??-luis. To obviate exchange difficul?
ties and the necessity of the formation
of a complicated credit structure,
.' !? rican manufacturers will receive
.- in New York in dollars. Man
faclured goods will he bartered for
o ai ! other raw materials pro?
ved a the N'cnr East. Officers of
w c up irai ion said that the plan
p o ed by the United
? ; overnment.
.; ?? on Day, president of the
'i-;;';.- M. Pay Company, is also presi
,,?;'. of the American Foreign Trade
'corporation. During the first six
of the war he acted as pur
. gent for the Quartermaster's
rtmenl and then went to Europe
? :. . a link between the French
(Am ? of upply. The
. ,, George V Harder,
, ?? the Iron Products
' . ,i.i !!. Butler, former
? - ; 1 Mall cigai ? I '<?-* and now
? ?..? , ?- the '1 ob?3 :co Products
rporation, and George L. Storm, a
:e-pre of 'he Tobacco Products
,k hn B, Jeffries, treas
1'ohacco Products Corpora
,. aver, and William A. Fer
. -on. cre? ry of the Tobacco Prod
? ( ? ? on, ! si cretary. In ad
tion to tho ? already named, the
rector ? '?' t. Ellis, a director of
i Tobacco Products Corporation; F.
Castelli, . n of the vice-president
Carpet Company, of
Malcolm Sumner, a
York Utcrney, and Ernest M.
ill, vice . lent of the A. H. Bull
- ?"am : - ;, ! om pany.
Will Use Own Ships
'-. said that the corporation
ope ? te its own ships, and has
? ready acquired -nine 7,000 ton steam
< s, which will sail under the American
: .._-. He added that, the Near East,
n' off from general commerce during
ae war period, was in tremendous'
d o? such articles as hardware,
utensils, leather goods and
Before the war, Germany and
Hungary got the largest share
in ? ess from this part of the world.
? n, however, supplied most
Turkey alone in prc
mported S2?0,000,000 worth
? chandise a year and exported
0 0,000,
t temporary offices of the new cor
ration are at present 17fn Broadway.
-.:? East Taking (!otton Goods
''hir.a and other Far Eastern markets
<? bought cotton goods freely in
recent sales totalling-30,
' bales of ail kinds, comprising
igs, bleached and brown, piints
:i flannels, according to the First
national Bank of Boston.
Leather
?approach of the Vacation
?e'ason Stimulates Sale
of Leather Luggage
? ith the approach of the vacation
ason dealers in leather trunks and
es report, a marked stimulation
? h business being especially
' department stores. Several of
lei ' in high grade goods de
1 ' clung records were es
' m in April. One con
led that last month was the
- period since 1913. Sales
e good up to the start of the Lib
Loan drive, when a noticeable
Mng up occurred, say the dealers.
r feature of recent business
c almost universal demand
- ? ? iced goods.
- been registered by
and hag manu
unosually ?low in filling
' " mai ufacl irera are re
to !.' ?old out completely, and
ore can promise delivery only in
rotai on in which the orders are
? '?: from r <???a i !?r?. Under this a?
?' tailers who placed ordern
January arc only now receiving
er declared yesterday
- aced an order for a dozen
? a manufacturer, only two
which had been delivered to him.
Trade Notes
- National Industrial Conference
''?''!. ??? I of American ?n
''?jBtrie?, whose headquarters is at 15
' et, Boi ton, plans to open
rai office in New York City as
-??; it ear? find quarters, It was
?rt!*d y< nterday.
. 'h?, members of
Out organization yesterday, discussed
ibor problema at tho Hotel Astor,
Textiles
^_ !
Buyers Scramble for Cot?
ton Goods, Paying
Higher Prices
Lively buying of all kinds of cotton
goods yesterday at advanced prices
kept the mill agents busy. The en?
larged volume of sales was attributed
to the sharp rise in the price of raw j
cotton, and to concern on the part of I
buyers about future supplies of goods,
now that the New England mills are to
work only forty-eight hours a week
after June 2 instead of fifty-two hours,
as under the present schedule.
There seemed to be a veritable scram?
ble for colored goods, and one of the
loading producers of ginhams ad?
vanced various lines from one to two
and one-half cents a yard.?.Tobbers and ,
cutters were the most liberal buyers of
these fabrics.
Large orders for.bleached goods were
received by the leading producers, and
it. was intimated that as the New Eng?
land mill operatives will receive an
advance of 15 per cent in wages higher
prices than those prevailing are
probable. Rids for gray or unbleached
goods surpassed the offerings made by
the mills, and prices for goods suitable
for making printed fabrics advanced
one-fourth cent a yard.
-?-?.-??.??
Wool Brings High
Prices at Boston Sale
Choice Grades Sell at Record
Figures; Many Lois at
a Premium
Business News Bureau
Sj>rrinl Correspondence
BOSTON. May 22. While cross?
bred Australian wools sohl at prices
10 cents above the minimum set by
the government, -It per cent of tho
first 200 lots wore withdrawn for fail?
ure of bids to reach the minimum, at
one of the most unusual wool auction
sales the government has held.
Choice wools brought record prices.
Fine grades, known ns 58-508 in the
trade, brought SI.79 to $1.81 a pound.
"?lost of these were taken by the
Pacific .Mills nnd the Amoskeag Manu?
facturing Company.
In good to choice types 58-60s sold
for $1.36 a pound, the buying being
confined largely to worsted manufact?
urers, although a few dealers also
took some of these offerings. ?
In the first 200 lots put up for sale
the Arlington Mills alone took sixteen.
The Amoskeag Manufacturing Com?
pany, the American Woollen Company
and the Pacific Mills each took four
tern lots.
The Australian wool offered consist?
ed of 1.900,000 pounds of cross-bred,
3,000,000 pounds of pure merino and
2,900 bales of lambs' wool.
South American wools, of which
f>, 600,000 pounds were offered, sold
well, with few withdrawals, but near
the minimum price established by the
government.
London Wool Auction
LONDON, May 22.- There was a
steady demand for the 8,300 bales
offered at the wool auction sales to-day,
Prices were unchanged.
Cotton Durk Trade Improves
Buying of cotton duck is good. The
principal manufacturers'say that the
automobile trades, sugar refiners and
meat packers are the best customers.
Some of tho mills are well sold up for
the next throe months. Export trade
is fair, principally for shipment to
South America, the Far East, Africa,
Australia, Holland and the Scandaniv
ian countries. Prices for duck fell
25 to o0 per sent after the war ended,
but within the past six weeks 15 to 20
per cent of the loss has been regained.
War Restrictions Removed
WASHINGTON, May ?2.- The War
Trade Board to-night announced the
removal of British import restrictions
on seventy-five articles of trade, in?
cluding photographic apparatus, kine
matograph cameras, jacks, bronze cast?
ings, tiles, foundry flasks, friction
clutches, pincers, punches, food chop?
pers, watches, typewriters, soap, rub?
ber goods, except tires, boots and sta?
tionery articles, medicinal bulbs and
herb3 and flower bu!b3.
Sale of Summer Millinery
Helped by Express Delays
Delays of shipments of millinery to
retailers becausts of the express strike,
according to E. V. M. Goldberg, man?
ager of the Retail Millinery Associa?
tion of America, ultimately will work
to the good of the trade. The delays,
Mr. Goldberg says, will serve to length?
en the selling season of summer hats
and delay the showing of fall hats
for a few more weeks. In some cases
the strike has hold up shipments of
summer goods two weeks or more, it
; is said.
i Mr. Goldberg urges retailers to ac?
cept these delayed shipments and to
dispose of them in tho regular chan?
nels and not to sacrifice them by rush?
ing the season in fall goods.
iurs
Small Wraps of ^Squirrel
Skins in Active
Demand
Unusually large sales of small wraps
made of Bquirrel skins for fall, are re?
ported by the fur manufacturers. Mink
m capes, coatees and scatfs also is
a popular fur among tho buyers for re
tail stores, and mole and Hudson seal
are selling as well as they did last
year.
Retail buyers now in the market are
placing large orders with the manu?
factureros, and road salesmen report
good business on their trios. Several
of the larger manufacturers state that
fall orders already received are larger
in volume than last year at this time,
despite the higher prices. Tho bettet
grudes of furs sell more readily than
the cheaper sorts.
There have been no radical style
changes in winter furs from last year's
fashions. Dolman effects tue still
popular, and are being ordered in large
quantities by the retailers. Caracul
and broadtail are largely used for
J these.
English-Made Woollens
Bring High Prices Here
Coods Ordered Over a Year Ago
Now Arrivng in Larger
Quantities
English made woollen goods are ar?
riving in this country in increasing
quantities, and selling agents say they
have no trouble in disposing of them,
even at the exceedingly high prices.
Most of the goods coming in now are
said to have been ordered a year or
more ago. English cloth manufactur?
ers, according to their representatives
here, are not endeavoring to expand
their trade in tihs country at present,
but are making strenuous efforts to
hold what trade they can.
One well known British cloth now
sells for $15 a yard. Before the war
it brought about $5 a yard. Sellers
of English made cloth admit that un?
til jirices decline their sales will be
relatively smaller than they were be?
fore the wat.
There is said to be fair quantities of
low quality English made fabrics in
this market that are hard to sell, even
as are the corresponding grades o?
American cloths.
All Wool Curiosity
Reaction to the "virgin wool" adver?
tising campaign has manifested itself
?n the many requests which woollen
and worsted selling agents have re?
ceived from their customers inquiring
about the composition of fabrics they
have purchased for use during the
coming fall season. These inquiries
for the most part are confined to the
question as to whether the fabrics or?
dered aro all virgin wool. In answer?
ing these letters the mil lagents have
been frank to tell their customers the
truth in most cases, it is believed.
Whore the fabrics in question have
contained shoddy or reworked wool,
the selling agents have stated that the
presence of this substitute material in
the cloth is not, a mark of inferiority
and does not detract from the wearing
quality or appearance of the material.
Most selling agents say they are
willing to tell their customers whether
or not shoddy nnd cotton is present in
the fabrics they sell, although it is im?
possible in most cases to give the ex?
act percentage of virgin \vo'<l used in
making any particular cloth.
Silks
Mill Agents Show Hesi?
tancy to Accept Further
Orders for Silks
Resident buyers for out of town, re?
tail dealers and locnl jobbers mad?- the
rounds of the silk showrooms yestcr
day importuning the mill agenta to
accept their orders for goods. In most
instances they wont away without hav?
ing been able to buy the quantities of
merchandise they desired. Such fall
weaves as remain unsold are rapidly
being placed under contract nnd one
of the leading mills has disposed of
many of its lines as far ahead as Janu- ;
ary next.
Goods are selling as fast ns the looms
can turn them out and sales agents
are devoting more energy to shipping
goods out than they are to getting
near business. The mills that have
not placed their full outputs under
contract for delivery are proceeding
carefully about accepting orders, .and
it. was intimated that some of the job?
bers wore holding stocks in anticipa?
tion of receiving larger profits when
belated buyers come into the market.
Firm prices on all weaves are quoted
by the manufacturers Bnd a number of
the lending selling agents asserted
that quotations will soon be advanced
in order to koe.p pace with the in?
creased price of raw silk.
Raw Silk Again Ri^cs
Manufacturers Place Order? for
Prompt Delivery
Prices for Japanese raw silk again
advanced yesterday, I he iis?> of 10
cents a pound being in sympathy with
the reported course of the Yokohama
market. American manufacturers, it
was said, had placed fair orders for
prompt delivery, and it was stated that
somo of the mill owners, those who
have professed little faith in higher
prices, will soon be compelled to cover
their requirements for nearby months.
Advices from Japan indicated that
the silk reelers were paying record
i prices to the farmers to;- cocoons. The
available supply of raw silk in the
Yokohama market was estimated at
11,000 bales, which sum would seem to
indicate a decrease of 2,000 bales from
the holdings reported earlier this week.
Jewelry
Retailers Ordering Jew
dry Now for Christmas
Holiday Season
Retail jewelers, fearing delay in the
delivery of goods for sale during the
next Christina.-; holiday season are now
placing orders with the manufacturers.
This is an unusual procedure as the
retailers in past years have been wont
to buy their fall and winter stocks of
jewelry as late as September. The new
policy adopted by the retailers is
looked upon with favor by the manu?
facturers ns Ihe extension of time in
filling orders will provide them an op?
portunity to catch up with production.
Because of the continued demand
for jewelry of all kinds and the early
orders for next season':', merchandise,
it is expected that, the usually dull
months of June, July and August will
be busy manufacturing periods.
Novelty jewelry, including all kiml*
of trinkets and bags, nie saht to be
more in demand than ever before and
factories producing this class of good:?
are operating to full capacity to keep
up with orders. The shortage of labor
is. a handicap, but it is expected that
production will be sufficiently largo by
fall to take care of all demands.
-?
Karat Ciliih Officials Dine
Robert B. Steele, president of the
: 24 Karat Club, tho oldest social or?
ganization in tho jewelry industry,
tendered a dinner last night at the
Waldorf-Astoria to the officers and di?
rectors of the club. This is an annual
event whereat ihe other officials of
the ?dub are tho guests of tho presi
1 dent* ?. . - . ??*-"- MaJlissmisl
People in All Sections
Have Plenty to Spend
Buying Power Reflected in Steady Demand for
Goods of Best Quality, Sales Manager Asserts;
Japanese Competition in Grass Rug Business
Many retailers to-day make a mistake i
in judging that the purchasing power
of their customers is the same as it
was four years or more ago. This was
the opinion expressed yesterday by
George B. Fawley, sales manager for
the Crex Carpet Company, who has
just returned from a trip through tho
South and West, where he investigated
retail conditions.
"The general public is buying free?
ly," he said, "and is paying top prices
for goods. 1 don't mean that they are
paying prices without, demanding qual?
ity. Far from it. Cheap merchandise
doer, not sell well to-day at any price,
1 have found, but high prices for
quality goods are not deterring sales.
Even in the smaller towns of the South
and West the retailers who have ample
stocks on hand are doing a remarkable
business in good merchandise. In
Texas especially, the best of our goods
and all other kinds of floor coverings,
as well as furniture and wearing ap?
parel, are selling freely and merchants
have barely sufficient stocks to cover
their needs,. In one little Oklahoma
town I visited a furniture dealer told
me that fully 75 per cent of his floor
covering business was done on Wilton
rugs selling at more than $100 apiece.
Such n thing was unheard of a few
years ago in this community.7'
Speaking specifically of his own
business, Mr, Eawley said that, as in
other lines of merchandise, the de?
mand is centring on tho better quality
of good?. "Our firm was longsighted
enough, to start producing for stock
as soon as the armistice was signed
an?! we were free of our war con
The commercial paper market contin?
ues with no perceptible change from
thai of the last few da;,-;;. Rates are
quoti d at ? to t>]4 per cent, about even?
ly divided in amount, and a little paper
still moves at 6V?. No signs of in?
crease have yet appeared in the de?
mand of business for money. Brokers
still hope to see this with the Treaty
of Peace out of the way, though many
of them are surprised a! the lack of
expansion in view of the undoubted
improvement in business in the last
few weeks.
It is the belief of a few brokers that
money rates will advance with any
growth in the supply of paper. The
present market involves an unusual
number of uncertain factors the
growth in the business demand for
money, tho amount of borrowing thai
the government will undertake in the
next few mouth-, the amount of funds
that the stock market is likely to con?
tinue to absorb, and the extent to
which funds will go into foreign loans
financed by New York hanks here. The
problem which the banks fared in
financing the railroads is expected soon
to be removed by ?he carlj action of
I ongress in appropriating tin $1,000,
000,000 "revolving '\w<?\" for that use.
The hank acceptance market showed
a little improvement yesterday. The
lemand was better, and there was some
increase in the number of bills coming
n. One dealer was fortunate in sell?
ing out-of-town bills and buying prime
New York bills of a corresponding
amount.
There is a belief in one quarter thai
call money rates will he down to a -I
per cent level in the first week of .Tune.
This comes from a source whose fore?
casts are usually both well informed
and shrewd, but runs counter to the
belief that a 5 per cent will be a mini?
mum as a stable rate for call money,
because the member banks are under
heavy indebtedness to the federal Re?
serve banks, and rather than lend
money al 1 per cent they would prefer
t?) pay off this indebtedness, on which
they are paying interest ranging from
4 to '1 ' 2 per cent. The allotments on
tracts," he said, "and so we have been
able to supply our customers with
merchandise. In grass floor coverings
the trend for the last few years has
been toward rugs and carpets which
can be used all the year round. We
are constantly bringing out new de?
signs and patterns and getting away
from the conventional grass rug and
carpet styles. We find that our best
selling numbers are those which do
not look like grass rugs."
The American grass rug business,
which is centred mostly in Wisconsin
and Minnesota, where the tough prai?
rie grass used in the manufacture of
this commodity grows, is suffering at
present from competition from Japan,
according to Mr. Fawley. "The coun?
try is being flooded with cheap Jap?
anese straw rugs," he said, "which
wholesale at from $5.75 to $10. While
they do not compare with the Ameri?
can product in quality, they naturally
cut into the American business. San
Francisco and some of the other Fa
ciiic Coast cities are loaded with this
Japanese marchandise. The American
grass rug makers are anxious to see
some constructive tariff legislation
which will protect their interests.
With our present high labor costs we
can't compete with Japan on this low
priced merchandise."
At present, said Mr. Fawley, Ameri?
can grass rugs are finding a ready sale
in Central America, and within the last
week his concern has received sub?
stantial orders from Bolivia, Mexico
porting to Copenhagen as well, he
and Porto Rico. There is some ex
said, and the Danes are buying the
highest quality only.
the Victory Loan will be made public
some Cine between June " and June 17,
and when that happens banks will know
exactly their position, which may lead
, to less conservatism in the granting of
loans.
Fifteen to sixty days prime trade,
acceptances were quote?! at 5 and 5! 4
per cent; sixty to ninety days, 5 and
5 Va per cent; indorsed trade accept?
ances, -i'i; per cent, all maturities.
-??-? ?--- .
Japanese Competition
Worries Button Makers
association Representing the
Industry to Make Appeal
to (Congress
Plans for bringing the imm?diats
attention of Congress to tariff legisla?
tion were considered yesterday by the
executive committee of the National
Association of Button Manufacturers.
Ihe American button makers say that
the industry is suffering from low
priced competition from Japan, espe?
cially in the pearl button line, and
that, immediate tariff protection is
necessary if Ihe American industry is
I o SU i vive.
W; P. Fiekett, secretary of the as
? sociation, said that it was impossible
at present to issue a definite state?
ment regarding the plans for present?
ing the case of the button manufact?
urers before Congress, and that fur?
ther meetings would be necessary for
the completion of a final programme.
_ __ j
? Meetings and ;
? Conventions j
A half dozen or more important trade
problems will be discussed at a mass
meeting of active members of the
United Waist League of America, called
for next .Monday night at the league's
; headquarters, 2!) East Thirty-second
Street.
5 a s i c C ommodities
May 22, 1919
(Note.- In Ihn?,
prices are given.)
c?sea where no transactions were reported the "bid"
METALS
Sulphuric
Thursdaj
(Pittsb'gh) $28.,15
.05.25
,16'/2
.06.27'
_.06-4
.72/2
PRECIOUS METALS
o/..$100.00
. 1.041
CHEMICALS
acid, 20' oleum, per ton. ?25.00
Pig iron, No, 2 Fdry,per ton
Lead, tier lb.
< loppcr, per H).
Spelter, per lb.
Antimony, per lb.
Tin, per lb .
Platinum, per
Silver, per o
Wc*k
Wednendav. ag-o.
$23.15 ' $28.15
.05.25
?16/2
.06.271,2
.06%
.72-/,
05
1534
06.27/2
,0634
,72/2
Yea?
ago.
$34.25
.07.07
.23/2
?07' s
.18
1.05
$100.00
1.0334
$100.00
1.11
per Ion.
6.50
.03
2.65
1.70
?0734
.17
.O9/2
2V/Z
.45- .
4.90
4.07' g
.25
.25
.18
43
Sulphuric acid, 59_
Nitric acid, per lb.
Caustic soda. 76r'f, per 100 lbs.
Soda ash. 58% light (bbls.), per 100 lbs
Phenol. U. S. P. (carloads), per lb.
Glycerine, dynamite, per lb.
Glycerine, crude, per lb.
Glycerine c. p. (in drums).
Alcohol (denat.), per gal.
Alcohol (non.-bev.), per gal.
Nitrate of soda, 95r,', per 100 lbs.
Benzol, c. p.
Toluol, pure .
COTTON
Middling upland, per lb. 31.55
SILKS
Japan filature, No. 1, Shinshiu, per Ib.. 7.87J 2
China-steam filature, best. No. 1, per lb. 8.50
Canton lilalure, Ex. Ex. A, per lb. 6.10
HIDES AND LEATHER
Hides, city slaughter, spread, per lb.... .40
Hides, city, nat. strs., Bel., 60 or over, lb .33
Calfskins, city, 9 to 12 lbs., per skin... 7.50
Leather, hemlock sole:
Overweights, No. 1, per lb. . . .
Middleweights, No. 1, per lb.
$25.00
16.50
.08
2.65
1.70
.0734
.17
.091-2
.211/0
.45
4.90
4.071/a
.25
.25
$25.00
16.50
.08
$100.08
.99/2
$25.00
No market
.65 .063;,-.07
.18
43
1.60
.07%
.17- .18,
.09'2
?2P-2
.45- .48
4.90
4.O71/2
.25
.25
1.60
.60
.51
.161 4
.71
4.95
4.35
RUBBER?
Para, up-river, fine, per lb.
Para, up-river, coarse, per lb.
Plan.. 1st latex, pale, crepe, per lb.
Plan., brown, crepe, thirt, clean, per !h.
Plan., ribbed smoked sheets, per Ib....
.52
.50
.561/a
.35
.46
.44
.45
31.25
7.721/2
8.50
6.10
.40
.33
7.50
.50
.48
.56'/2
.35
.46
.44
.45
29.75
7.40
8.00
5.80
.40
.33
7.50
.50
.48
.56/2
.35
.47
.45
.46
26.45
6.60
7.25
5.45
.26/-?
25
5.35
.49/2
.43
.68/2
.38
.63
.59 !
.62
'Quotations for spot rubber only.
Clothing Shortage Acute
Mr. Brill Calls Attention to an
Extraordinary Event
Business Editor, The Tribune:
Sir: I am inclosing herewith clip?
ping from to-day's "Trade Record,"
which I thought might be of interest
to you.
Never in the history of the clothing
business has it been necessary to cur?
tail the production of any manufac?
turer in our line. This not alone
shows that the prices will* remain
high but that there will be a scarcity
of merchandise.
MAURICE BRILL.
(Extract from inclosure)
Desiring to foster no false hopes
among retailers and aiming thereby
to till 100 per cent of all their orders,
B. Kuppenheimer & Co., of Chicago,
have adopted the policy of limiting
fall business to 50 per cent over the
initial fall orders of their trade last
>ear in point of dollars .and cents.
The one exception to this rule wiil
be retailers handling Kuppenheimer
clothing exclusively, who will not be
limited at all. This announcement
was made to a representative of "The
Daily News Record" yesterday by
Ludwig Stein, head of the house of
Kuppenheimer, and president of the
National Association of Clothiers,
who is in town to attend a meeting
of the executive committee of the
national association at the Brevoort
at 12:80 o'clock to-day.
Mr. Stein emphasized the point that
the 50 per cent limit will be figured
on the dollars and cents, and not on
garments. On garments, it will mean
only 40 per cent over the initial fall
orders of last year, declared Mr. Stein,
as the fall Kuppenheimer line is of a
much higher standard this year than
last as a result of the removal of the
restrictions on ?abric quality and
about 10 per cent higher on the aver?
age in price than last fall.
Deliveries, Mr. Stein estimated, will
be prolonged from August through the
month of December in both suits and
overcoats.
-?
Manufacturers' v\ss'n
Re-elects Officers
At a meeting of the board of direc?
tors of the National Association of
Manufacturers at the Waldorf yester?
day, ihe officers who served during the
last year were re?lected. The election
followed the twenty-fourth annual con?
vention of the organization, which
closed Wednesday night.
The list of officers is ns follows:
Stephen C. Mason, president; Henry
Abbott, treasurer; J. Philip Bird, gen?
eral manager arid assistant treasurer,
and George Boudinot, secretary.
'Ihe new board of directors consists
of the following: Stephen C. Mason.
Pittsburgh, Penn.; Henry Abbott, New
York City; J. K. Edgerton, Lebanon.
Term.; Joseph Bancroft, Wilmington,
Del.; A. L. Humphrey, Pittsburgh,
I'cnn.; J. H. Frantz, Columbus, Ohio;
\. J. Gould, Seneca Falls, X. Y.; John
Kirby, jr., Dayton, tibio; E. R. Leigh,
Chicago. III.; A. ,1. Lindemann, Mil?
waukee, Wis.; George L. Markland, jr..
Philadelphia. Penh.; Constant M?ese,
San Francisco, Cal.; H. S. Wardner,
New York City; M. W, Mix, Mishawaka,
Ind.; Adolph Mueller, Decatur, 1!!.;
Enos Pauliin, Bridgeton, N. J.; (liarles
L. Taylor, Hartford, Conn; Gearge H.
Wilson. Providence, R. L; John Trix,
Detroit, Mich., and William P. White,
Lowell, Mass.
Clieniira?s
Large Orders Placed for
Soda Ash by Local
Consumers
Local consumers are beginning to
buy soda ash in quantity. Cue large
concern has placed an order for two
cars a week. There is a big demand
for caustic soda. An order was
placed yesterday for 200 tons. One
house has sold 400 tons in the last
ten days. Much soda ash is being
sold by second hands, whoso price is
!" cents below that of the manufact?
urers.
Buyers are coming into the market
for small lots of aluminum hydrate.
The heavy grade stands at SVfc to 0
cents and the light at 17 to IS cents.
Needle antimony is selling in fair
sized lots at 6 cents. Free importa?
tions and lack of any large demand
for the material are responsible for
the decline from the former leve!.
Antimony oxide also has been reduced
to as low as 6V? cents.
The sulphurated varieties have not
been reduced so radically, but their
position in the spot market is con?
siderably easier. Sales on the basis
of 20 to 21 cents for the red are re?
ported, with other grades in propor?
tion.
Federal Dyestuff and Chemical
Receivers To Be Discharged
Under an order made yesterday by
Judge Hough in the Federal Court, the
receivers of the Federal Dyestuff <fc
Chemical Corporation are to be dis
charged as soon as certain small pay?
ments are made to creditors. Tho ac?
counts of the receivers, Frank II.
Platt, John W. Herbert and Charles
W. Holloway, were approved. The ac?
tion was taken in tho suit, instituted
by the Central Foundry Company as
a creditor.
Manufacturers Buying
Only High-Grade Rags
In the rae; market, shoddy or re?
worked wool manufacturers are buy?
ing only the highest grades at present.
This is a reflection of the trend in the
wool nnd yarn markets where the
cloth mills are neglected the lower
grades of yarns and wool and are pur?
chasing only the best grades.
The deninnd for high grade rags is
said to be so groat that many of the
large rag dealers are arranging to
import high quality woollen rags from
France and England. It is said that
a few shipments already are on their
way to this country.
?,-?
Tinselled Trimmings Sell Well
Tinselled materials and trimmings,
known in the trade as metal cloths,
are in brisk demand for use in women's
dresses and millinery nnd for manufac?
turing artificial flowers. Buying i. for
prompt, and future delivery, Mosl of
these materials are obtained from
France? .-.,,., . 1
PHONES CORTLANDT 1269-70-1-2-3
suzuki &> eo.
220 Broadway, New York
Silk Department: 354 4ih Ave., N. Y.
Head Office :: :: Kobe, Japan
San Francisco Office: 401 Alaska Commercial Bid jr.
Seattle Office: 400 Colman Bldg.
OTHKR BRANTHES AND AOFNCTES:
London; in Japan.?Yokohama, Osaka, Tokyo, Moji, .^himonosp^i
Nagoya, Hakodate, Sapporo, Asahigawa, Taihoku, Tainan, Kciio,
Fusan; in China,?Shanghai, Hongkong, Tsingjtau, Hankow,
Dairen, Changshun; in India,?Calcutta, Bombay, Vladivostok
Petrograd; in South America,?Buenos Aires.
Importers and Exporters
Agents for Manufacturers-?Steamship Operators
Steamship Builders
Import?Raw Silk, 1 ?ahutae, Camphor, Menthol, Tin. Antimony, Matches,
Rice, Brans, Peas, Vegetable Oil?, C nnned Goods, etc.
Export?Steel Goods, Machinerie?, Chemicals, Wheat. 1-lour. Cotton, etc.
I Incorporations
?_,_
ALBANY, May 22.?The following were
;i! mg the charters granted by the Secre
: a ? of Stair to-il s
Thanhouser Laboratories. Tn<-. $200.000;
Manhattan; motion pictures Vincci
I oters, T. E. Donovan, Cyrus Rrlni and
two others, 15 Broad Street, New York.
11. & II. Realty Company, Inc., $10,000:
Brooklyn; realty, etc.; N. Rubenstein, 116
Court. Street, Brooklyn; Manuel Helfat, 233
Broadway; M. .?. Hamburger, 233 Broad
way, New York.
Auto Device Manufacturing Company,
Inc., $100,000; Buffalo; manufai
auto accessories; F \V. Miller, 52 Ken
unoro Avenue, Kenmore, N. V . George A
Loon, 13C Kenmore Avenue, Keni of
New York: P. S. Whcaton, 137 Euclid
Avenue, Kenmore, New York, on?l three
ot l-.ers.
Bostwick Holding Corporation, $:?">. enn
V ??? Roi helle; t ? .. 11 y . Marie S. Gilbert,
SOI Fifi h A venue. New York; .!. M. f'ei
ley, 2G4 Main Street. New Rochelle, New
York; IV W. Boardman, 120 Broadway,
New York.
II. B. Moore ?- Sons. Inc., $60,000;
Buffalo; haberdashers and drygoods mer?
chants; Hiram B. Moore, Arthur A. Mo r?
''. S. Moore, 172t> Amherst Street,
Buffalo, N. V.
American Finnish Export and Import
I ami pany, In , 51.H il. Manhal tan; ? \
porting and importing Em il A. SU va,
August Nikula, Emil Sum a, R49 Fort}
??? i ond SI reel. Brooklj n.
Eii-sha . I:.. '. ? ? i A- Gi eenbt : rr. Inc
! i. 000 . Ma nhat tan manufacturing Won
? n's w ear; Jacob ISir -hack, Ua rj ?' ? ?? i
Sa luel ' : ? ? be] 100 West 160i ii Si
New Yo? ?v ? Illy.
William Cory-Mann George Corporation,
Sion.ooo; Manhattan; deal In coal, e< .??
fuel, oil, general merchandise; Ernest E
Baldwin, William Shirden, A D I : lang
12 Nassau s? eet, N? jv York City.
?'i. Degene, Inc . $50,000 ; Manhatt an.
i .aiiufacturi/ig n odels for hats an !
dresses; Michel Feldine. Madame G. De
g? ne, Harn fol?ale, 170 Bi idwn
Vork City
. tig usl SI ?until, i ':> i ; Bayer, Ji ?i ph Yogi
i03 Mel rose A \ enue, Bron x.
Posner & Brown, Inc., 51 n.?>oo ; Man]
(an ; manufacturing shoes; Harry Pos
S ? mu? I Brow n and B E Si eineck, 121?!
Thirl \-"is1ii h SI ? ? ?, Bi ooklyn.
D I ? w Inston & ? 'o . Inc . $12; 000 .
("tlea ; ivhol? sa le grocery, b? I tied v.a? ers,
liriuoi -, bak? i g.Is; D. P I ! elps, I ' A
('helps and .lohn McTiernan, L'tica.
Syracuse Phi.aeai ?""o., Inc
"?-. racuse. drug busi ti"ss; :. E H pa i
Il Huck and M .1 Kirv.an i isw?. N V
Flushing Tin " Inc., $3? I. Flu ?!.;..;
general print inc. publishing an I stitl
bus in ss: A. E. James. B < '. Egg' ? i
E I '. K? :: ? ? >i. Fl ush ing, N. V.
The tntervillage t-'ii inee Corporate
$50,000 ; 1 .ancas;, i . dea i ; : go. Is, wai
? p handise, Btocks, bonds, etc ; B. H.
E.l'ii. E. W. Ewell and .i. O. Garrctsee,
I.e. ?ist :r. N Y.
White Eagle Sales Co., Inc., $5.000 But
falo: departn < nl store ; P< 1er
Basil Skorupski and Felix Smigiel, 949
Exchange St reet. Buffal ?. N. V
The Burmarsal Company. Inc., $'150,000;
Manhattan; petroleum and natural gas
produ lion, etc. ; Fra nk G 1 lur ??
James W Salisburv anil R P Marshall, 71
i :? ?.. ay, New Vork City.
Niels in a- Winther, In?: . $50.000: Man
hat tan. mfg. machiner; . Frederii
Jackson. \Villiam M. Hall and !.. ? ? I >?.
dit. Boonton. N. a.
\ ?, loria Ti > ' ?le Mills, Inc . $101 ooo.
?S"ew Vork County; dryg.Is ?? :
Herman Sternllcht. II ! Sternlicht and
II C. Ka ... ?102 Twelfth Avenue, Brook
lyn.
Niagara Falls Double W ill Co., Inc
$10.000; Niagara Falls; general contrae
tors, construction; Charles O. Hays. Will
A Cannon and William X. Morris, N'iagar;
Kails. "N 1
Quality Auto Company. Inc., $ie.nan.
Buffa o; auto bu lines - S B De Witt.
G B. (' irhln. H F. I>? ceau, PUT il... N \
Park-, Hoslei y I 'ompany. 111 $10.> '
Manha: "in. hosiery and underwear: John
Klehl, Stephen .McDermott. M. .1 Errrighl,
S3 Worth Street, New York.
Hampton Restaurants, Inc., $12.000; Al
banv; conducl restaurants, cafes and
hotels; Harlem Duncan, Leonard May. M :
ton Rosenfcld, 132 U ? ist Forty-first Street,
New York.
Strathmore Leasing Company, inc.,
$50,000: Owego, Tioga County; operate
sawmills, marine ways and ..locks; Bessie
>;? reib, rg, B< atrice Bush, Helen
70S Washington Avenue, "?
Jane E\ eret t. ' nc . $1? 0,000 Manhatt
: ? - ultui ??. inlei i..- .i.ra lions,
luring household furnishings: .la i
? ?; ?( :, A. I''. MacAi thur, 11? nrj \\
120 Broadway, New York
Foster Land and Mortgage Company.
Ini-.. $50,000; Manhattan; realty; Minna,
Srhlt'f. Birdie Laufioan. H. H. Simpson and ;
two others, 1311 Avenue t.. Brooklyn.
Tho Mota?arm Corporation, $75,000:
Manhattan; manufacture devices foi .
on automobile radiators: Terese L. Thomp- \
son, Teresa A. Schickling, .Nina? R. May.
i.-', i hlchester Avenue, Wood ha ven L. I.
The G? m? I! Corporati in, ! 00? Mi ?
hallan; realty, construction.; Sai u? i SI
llenrv S< Her, Lav Goldman, :; Wesl
Street, New York City.
Burling ?V Swan, Inc., $10.000; B ool
lyn; realty brokers and agents; William }'.
Burling, Hatetead Swan. M. .1. Mo
Seventy-sixth Street, Brooklyn.
Indian Head Products Corporation. $25,
nno; Buffalo: manufacture beverages, Ice
cream and food products; Leonhardt Burg
vveger, Henry Burgweger, Philip Barlholo
may, Buffalo.
International Tag Sales Company, Inc.
$1 0,000; Manhal tan ; sali s agent an
In tags, novell les box i; Edv T W hit
ney, ? irie Ii Uramb :. D s. Fa h
l ; 12 St. Paul Street, ?: ichester.
Vrtil lal Fibi ?? Corporati in : $200 750
Manhattan : textiles; Bcai rice B. Mea?l
Goilfrod Cohen. ,1 ?r? me I-:. Ma
i : ?: ai,i Park wu y, New Y irk Citj
People's Building and Land Corporati n
$50,000; Buff ilo; laud and building bust
ness; Thomas Taylor. Henry Stai
A'exander Net, 20 "Cherry Sir? it, Buffalo,
N Y.
George W. Col? ?> Co., Inc., $2?.nie,
Manhattan; transportation, trade, com
: .re.-, navigation; George w. Cole C J
Hi? It? y. B. A w ordemann.
Paxpard Corporation, $315,000; Manhat?
tan: tie . lers In hi p.? ks, bonds, Inv?
reorganize corporations, etc . Samuel n
Hur.nal, Donald Hudson and Robert 1.
Th ??? . G5 ? '.-dar si reet, New 1'ot
Superb Hat Co.. inc., (20,000; Manhat?
tan; mfg. ladies' hats; David Lipnlck, Ja?
cob Selkin and M BJ, Goldman. 1003 Tin?
ten Avenue, Bronx.
Metropolitan Beverage Works. Inc.. $T.n..
non; Yonkers; mfg. non-alcoholic bever?
ages; Daniel Sydnoff, Abraham Levlne and
Alex. Konovalchuck, 7H> Eleventh Avenue.
Now York City.
Bittersweet Products Corp. $?00.000; |
Mew York County; mfg. candy nnd bevei
.. grs; \ 1> Underbill, Man in ?,
and William ! ?rim n. \'o iket s N v
The Toledo iaikmg Machinre ?-..?
Inc., $200,000; Bronx; buy and sell talking
machines; Charlea A. Ericsson, Lycua l>
Perry, J. J. Ryan, Burlington. N. J,
BAUMANN & CO.
MKKCANTILK BANKERS,
?V?7 VIII AVE. (COR. tlTll ST)
ACCOUNTS FINANCED
Libo"?! tull?s
Brush Makers Say
Protection For the
Industry Is IMeeded
Compeiilion of Japanese
Makers, Who Have Tight
Hold 011 Russian Bristle,
Suply, Is Mostly Feared
Brush manufacturers, fearing the in?
vasion of the American market by Jap?
anese and other foreign competitors
want more prote their indus?
try in the form ? riff. At
the semi anr ..." meet ig o Ih
can Brush Mi nu act urers' A ociation,
" ! lot el Pen n ?ylvai ..? yesterday,
i le a..?" ion v :i ? ?. oiced that the
pros? nt tariff of 35 per c no1 au"
quate to equa tl pel tion in
this country ? Japanese and
American man ifactu On toilet
bi ushes e pecial iy memb rs of the bs
sociation believe that n tariff of at
lea ''?'> per c? nt is m
In discussing the ;. ' for tM*
tariff protection Willian r, presi?
den I of the
toil? i brus li branch of L
wa s m o
.... ? the I s by
Ja pa le ? pi oducl ?. '
'? ?on -, M r. ? ord? I, a >an
ufacturer ^cannot
Japani
and for that rei
! ?c com panics ai ' '*"
.
tanl '.;h-:<t in the 1
ure the same con
the hand, cloth
sions of the busin? ' '
ciar":!.
"Intensive ad . -
shi ;>." '<:'? ?? i ? ."
: .. ' '
tooth
cost : a re so low thai
?
compi ring favorably i
?
bring J '
30 per cent less
th? at o
-
it is knov
g of .:
bought in this ecu
say that thi ' '?
t ween the Japi n I An rii ?
uct e:
"Pu ?
of tool h 1
...
mg de ; e?:? te efforts '
I of the Ru
market. Since I
a shortage of bristle
and until the Rus :
up there wi ?1 be no imp '
si: e o? . ir
"Tooth brush pr ces ai . ?? ? <
ever and : here hope of rr
:?
ture. TI :
who do it t fee! - he pi b
stand the reason for furf her a I ;
and, whi le increi
under pre ml c '???'<'' '?'?'
ducing their reasonable profits so ?V;*-?
price '? will ren ?*?'
brushes, paint, toilet,
industrial, 1
age of ', 5 per eel > 1913."
Metals
Orders for June and July
Copper Placed (it
l(y Vl Cents
Consumers placed
ii ...
delivery copper on
cents a pon ..
total of
Th.- demand
with the volume of buy ng
into the market a week ago.
Lead prices were firmly i
on a light volume of business. I
made a\ ailarJIe? y< lerday
lead and base bull i | *
the United
7,937,167 pound . worth ?
entirely from Mexico, [mi
pigs and bars and old lead '
623,525 rounds, valued at $30,74
chiefly from Mexico. During ^
month expoi ta of lead pigs a'
to 6.924,938 pounds, valued at : '
of which 1,289,414 pout..I- ?
ict of dome
Mar? ? '
16
winch 14,373,192 pounds were i i em ?Jo
? mestic ore. - J