New-York tribune. [volume], June 06, 1919, Page 16, Image 16

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

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BUSINESS NEWS BUREAU:
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13t ."Nassau Street
The Tribune's Page of Business News
TELEPHONES,
Beekman 8243
Beekman 3000
Insurance for
Foreign Trade
Risks Proposed
l . S. Merohants. Says Cotton
Good;* Man, Want Protec?
tion Against Firkleness of
Buyers in Other Countries
Chailes L. Bernheimer, president of
ihe Beur Mill Manufacturing Company,
producers of cotton goods, believes that
;. system ought to be worked out for
insuring American manufacturers and
exporters against the tickleness of for
;ign buyers. The Chamber of Com
r.'.erce of the State of New York yes
1 u-rday adopted a resolution which he
proposed. providing that the insurance
committee examine and report on the
feasibility of devising and carrying
orward a system of insurance against
rejection of merchandise at its des
tination in distant lands.
in analyzing tho reasons that make
any r.ierchants of this country hesi
tate to emerge from their ehell of in?
dustrial provincialism Mr. Bernheimer
said:
Merchants Lack Confidence
"Undouhtedly the American business
man has been made to see the impor
iance of seeking foreign markets for
*he overftowing productivity of his fac
tories, and, although shipping and
banking facilities and the ability to
?irmeie in foreign markets seem as
ired, he nevertheless lacks the confi
2 nce tha: his merchandise, when hon
tiy produced and packed and shipped
.1 accordance with the agreement made
..; the time of the sale. will be acccpted
..:d his drafts duly paid.
'In most. hr.es of merchandise tho
?j .". of pront in foreign business is
much larger, if any, than in do
i- ".-" c business, yet the risks involved
air- much greater. Freights, marine
insurance, import duties and deteriora
ion are important factors in the cost
of getting goods to far-away places.
i hose costs are shifted back to the
shipper i^ the distant buyer whimsi
cally decides he does not want the
;.'M>.-!^ after they reach him and re
ses to honor draft3 on him. I sug
, sl covering this risk of rejection by
special insurance, and 1 am coniident
that, as American foreign trade ex
pands. such an insurance enterprise
could giow to extremely large propor
"I'nder the impulse of foreign tieeds,
American merchants in November, De?
cember, January and February last
shipped iargc quantities of goods to
? 2. r i ountries. During those months
of adjustment to new conditions prices
? eded from 15 to -10 per cent, and
;? ign buyers anticipatod further de-,
clines. And. therefore, though deliv?
ered according to specit'ications, for
eign buyers in innumerable instances
i ifused to receive the goods or to
honor drafts issued against them. In
isolated cases there may have been
boi i fide reasons.
Why Orders Are Cancelled
' This condition set me to thinking.
i knew something had to b? done to
take care of r-uch a contingency. First
i thought i: might be advisable to have
Uncle Sam certify as to standards of
; ? at the point. of shipment, so
that its quality could not be used as
;> pretext for rejection. But the ten?
dency is away from paternalism, and
therefore that plan seemed unsatis
actory. Then I thought that possibly
> om." large association of American
manufacturers might in a similar way
put its seal of approval on goods, but
1 decided that foreigners would con
. ider its judgment predudiced. And,
. -, poor quality is rarely the real
reason for rejection.
' Foreign purchasers cancel order?
nd refuse to receive goods for the
same reasons a3 domestic buyers do,
but the action of tha former is more
costly. Goods aro rejected chiefly for
these reasons, my oxperience shows:
Buyers are overbought, they change
their plans. prices decline after the
-a!e is made, buyers regret making
purchases for miscellaneous reasons
and varipu? local conditions. The chief
p etexts used by tho?r> who reject
are ir.ferior standard, faulty
.':'..! of contract, and faulty pack
? The Arrr-ncr.n manufacturer could
ifford to pay a premium to an
insurance crnpany which would as
bir.'ie the r-.-ks of non-acceptance. I
. th<? plan is feasible. As far as
1 know, it is wholly novel, never yet
having been tried out."
Flurscheim Estate Is
Ordered Reappraised
Surrogate Fowler yesterday remitted
?-? the transfer tax appraiser for re
? the ,-ippraisal of the estate of
".. F arscheim, who was an
partner ':r. the f.rm of Franklin
' & Co. Ai rhe same time the
gate rorr.mor.tcd on the "surpris
!'.;? progress" made by the firm in its
;r- r of twelve and a half years, in
time, he said, it had established
an excellent reputation.
Surrogate Fowler returned the ap
? the ground that the State
( ontroller objected t0 the valuation
. v.< ri hy 'he transfer tax appraiser on
ate'* interest and good will in
-" ' ' ? was out down at $904,
irrogate Fowler said this valua
. . have been fi> ed a* $1,251,
74',.
- - - Simon and Hcrman A.
- beirn went into business in 1903
with a combined capital of $110,000.
The tax ichednlea showed the follow?
ing volorae r,f business done by the
f.rm in the three years preceding the
death of Mr. Fiurseheim, in 1914: In
1931, 13^86^59; J912, $5,300,364; 1913,
I5.919.92S. The average net profit for
each of these y<-arn wai $400,990.
Mr. Sirnon and Mr. Flurnoheim also
each recaived-$100,000 a year salary,
.... r,?.,.., tjng aimosi a? muci ai their
-.
? . ? ? ? ?.??
?;???? ????- ??? I ?? tre .-, three
aara furniahed by an a< co intant of
the estate, and thal the appraiser
errcd in not baslng tha valuation of
the Flurscheim Intateat in the firm on
a five-year sUndard instcad of three '
yeara.
Surrogate Fowler alao held that the I
$78,000 eoonael feee charged against;
tha eatata waa exeesaive and that not
more than 128,000 aho^ld be charged.
?? Textiles
Respite in Buying of Cot?
ton Goods Welcomed
by Selling Agents
Buying of cotton goods other than
the well known brands of bleached
fabrics shrunk considerably yesterday
tho total volume of business being the
smallest Teported in weeks. The Jewish
religious holidays, the decline in the
price of raw cotton, the departure of
out of town jobbers ar.d the efforts
ot' the mills to curb buying for specu
lative purposes were the reasons a3
f.igned for the pause in the buying
movement.
Agents for the principal producer;;
of coiored and unbleached fabrics as
serted that they were pleased with the
respite in trade, the pace of which has
been so swift that nearly all of the
mills have sold their full outputs for
the next three months.
Bleached goods concerns stated that
jobbers as well as manufacturers of
underwear for women had placed large
orders for these fabrics, and it was
intimated that while prices have been
advanced additional increases would be
necessary in order to bring the mate?
rials in line with the increased cost of
the unbleached goods.
Low-Grade Wools Not
Wanted by Many Buyers
Bsisincss News Bureau
Special Corregpondeyxrc
BOSTON, June 5,?The government
offering this afternoon comprised some
three million pounds of scoured, shab
by, defective and low grade foreign
and domestic wools. The few buyers
present were not inclined to take these
wools in any quantity. Bids in several
cases were so low as to lead the auc
tioneer to remark, "Gentlemen, these
are scoured wools."
Sixty-four per cent of cape wools
were withdrawn. Fine carbonized Cali?
fornia sold at 99 cents to $1.04, with
choice lots bringing $1.13. C. J. Webb,
of Philadelphia, was a larjre buyer
throughout, taking over, among other
wools, a quantity of carbonized Califor?
nia, poor color, at $1.
?-#
Cotton Yarns More Active
Cotton yarns are active, and some
of the mill agents asserted yesterday
that demand at present is' heavier than
it was during war times. Combed
yarns lead in the activity, which is
accompanied by advances in prices.
The increased buying of these high
class yarns is said to be due to the
increased production of the finer grades
of cotton underwear and women's
mercerized hosiery.
-?-,
Household Goods Sell Well
Mill agents reported yesterday that
housekeeping goods, table cloths and
napkins, were being bought in a liberal
way. Traveling salesmen are sending
in substantial orders. lt was conceded
that stocks of these goods now in the
hands of the mills were of fair volume.
but these, it is asserted. will be con?
siderably reduced within the next
thirty days, thanks to tho liberal buy?
ing now in progress. Prices are being
advanced owing to the increased cost
of production that has resulted from
the reduced working hours of mill
operatives.
??--#-?_
Better Trade in Notions
Buying of notions by jobbers is in
creasing. It ia stated that supplies of
English hand sewing needles, which
had been light, are larger. Quantities
of Japanese needles have been offered
to local concerns, but a number of
dealers stated yesterday that the prod
uct is of such inferior quality that
the importers iind it difficult to make
sales to American buyers.
Burlap Offerings Liglit
Light supplies of burlaps reatricted
sales yesterday, but buyers, chiefly
manufacturers of bags, were in the
market seeking goods. During the
morning sales of burlap containing S
ounces to the yard of cloth were made
at 10.35 cents a yard, but later in the
day holders advanced the price to
10.50 cents. The grade of burlap known
to^the trade as 10% ounces sold at
ll5*. to 12 cents a yard.
??-?-?_..
Big Foreign Demand for
American-Made Frocks
Large orders for American-madc
dresses are being placed in the New
Vork market by South American buy?
ers. One order, said to amount to
S-;0,000, was placed by a buyer from
P.uenos Ayres with a prominent manu?
facturer two days ago. The order calls
for cotton dresses principally and
covers a variety of styles, all of which
are worn in this country. It is said
that. the style requirements in the
Argentine are indentical with those
here. Orders from Cuba, Porto Rico,
Chile and Mexico for light summer
frocks of American manufacture also
are reported, and at least one local
firm is shipping cotton dresses to Eng?
land and will ship woollen dresses as
soon as the British import embargo
is lifted.
Furs
Meic Freight Rates Benefit
Importers of Aus
tralian Furs
New railroad rates of interest to
importers of Australian furs and hides
have been cstablished by the trans
continental freight bureau on ship
mentH of fur from Pacilic Coast term
inals eastward. .1. 11. Bleinstein, presi?
dent of the Fur Merchants Associa?
tion, has sent out a bulletin to mem?
bers of his organization announcing
the new rates.
A rate of $2 a 100 pounds in car
load lots of 20,000 pounds. or $3 in
less than carload lots, is made from
Pacific Coast points to wew York and
othor Eastern points on the following
skins and hides: Buffalo, dog, fox,
kangaroo, marmot, opoxsum, pahmih,
rabbit, wallaby, weasel and wombat.
\ rate of Sl.f.J'r; u 100 pounds for
carload lots of 20,000 pounds, or .T.L'.r.o
?a 100 poundi for lesa than carload
lots, ix rnade for dry skins and hides,
rugx nnd mats of the following: Cat?
tle, deer, goat, hairseal, sheep, shcep
slats.
A rate of $7.50 a 100 pounds,
minimum, ls made for movlng these
commoditiea in "silk" train service.
Mr. Blelstein says the new rates prac
tiemlly restore pre-war conditions for
importers.
Urge Hosiery Makers to
Develop Foreign Trade
Speakers at Philadelphia Con?
vention Say America Will
Retain Prestige
Business Xews Bureau
Special Correspondevcc
PHILADELPHIA, June 5.?Americar
manufacturers of hosiery now have the
opportunity of their livea to develop
foreign trade, acocrding to experts who
spoke at the closing session of tho
National Association of Hosiery and
Underwear Manufacturers here to-day
Norman H. Johnson, secretary of the
Southern Wholesale Dry Goods Asso?
ciation, advised the hosiery men to
"make this the greatest exporting coun?
try in the whole world. Von car. do ;>
if you go after it," he said. He warned
the manufacturers that German com?
petition would be ken, once the Tue
tons got started egain. Mr. Johnson
favored the exchange of manufacturing
. costs and prices among members of the
association.
Straightforward trade practices will
: help establish American manufacturers
in foreign trade, said Dr. R. S. MacEl
wee, assistant chief of the Bureau of
Foreign and Domestic Commerce. He
reeommended the figurative tarring and
feathering of every operator who did
not live up to the association's stand?
ards in dealing with foreign countries.
One of the greatest blessings of the
war was the introduction of American
hosiery to the whole world, according
to Charles Lyon Chandler, manager of
i the foreign trade department of the
Corn Exchange National Bank of Phil?
adelphia. He expressed the view that
Germany will never succeed in wrestintr
from America the hosiery trade she
has established in the Argentine.
Frank O'Malley, assistant cashier of
the National City Bank of New York
told the knit goods men that foreign
trade now would not be so keenly
competitive as it was before the war.
High cosls will handicap European
manufacturers in selling to foreign
countries, particularly South America
he said. He pointed to the fact that
steel is $20 n ton ehenper ir> America
than in England.
At the election of officers T. H. John?
son was chosen president. F. L. Gal
braith first vice-president. S. D. Marsh?
all second vice-president, Bohert T.
Blood treasurer and C. B. Carter secre?
tary.
Summer Waists Still
Wanted by tlie Trade
"Manufacturers Find It Difficult
to Switch to Fal! Busi?
ness
So many buyers are still in the mar?
ket for thin summer waists that mort.
of the local manufacturers, while agree
ing with the I'nited Waist League it
would be a, good thing for the indus?
try to switch immediately to fall busi?
ness, are finding it. difficult to check
current demands even when so dis
posed.
Most of the waist manufacturing
concerns are still behind on their sum?
mer orders, having failed to make up
the time lost in the strike this spring.
Many of the houses have unfilled orders
on their books which will require an?
other month or so to deliver.
It was said in the trade yesterday
that three or four houses have an?
nounced their intention of showing fall
merchandise about tho middle of this
month and that a few more would be
ready with fal! samples by the end of
June, but the majority of waist manu?
facturers. it. is said, will not be able to
exhibit their fall models before well
into July.'
(Government to Offcr
Quantity of Cotton Goods
New York Tribu.no
Washington Bureau
WASHINGTON, D. C, June 5.?On
June 18 at 10 a. m. the War Depart?
ment, will open soaled bids for 5,119,
262 yards of textiles, which were ac?
quired for war purposes. The fabrics
are located in the New York and Bos?
ton districts. Bids will be opened in
the office of the chief, Surplus Prop?
erty Division, Munitions Ruilding,
Washington, D. C.
Thc material in the New York zone,
amounting to 1,553,690 yards, is prin
cipally in odd lots that range from
58J/i yards of black Albert. twill to
200,000 yards of blue and white stripe
ticking. The bulk of the fabric con
sists of Bradford black venetian, but
the list includes as well cotton shirt
ings, sheetings, sateens, mohair serges,
moleskins, galatea, tickings and twills.
The fabrics in the Boston zone ag
gregate 3,565,572 yards, and are in
large lots, the largest being 700,000
yards of striped outing flannel. The list
also includes brown osnaburgs,
bleached and gray jeans, sheetings!
gray duck, twills, venetians, galatoasj
sateens, outing flannels and brown1
denims.
Ireland's Flax Crop Will
Be Taken at Fixed Prices
On July 1 the British Ministry of
Munitions will take over all of'lre
land's flax crop as and when harvested
later in the year. According to Consul
General Skinner, London, the flax will
be divided into six grades, the product
to be delivered at an appointed centre
at the following fixed prices: First
grade, 35 shillings per ston" of 114
pounds; second grade, 33s.; fourth,
29s.; fifth, 27s., and sixth, 25s. Flax
infcrior in quality to the sixth grade
will be paid for on the basis of rela
tive value.
Rubber
Manufacturers of Rubber
Products Buy More
Crude Material
Keener interest was shown in th"
oll'erings of crude rubber yesterday by
manufacturers and dealers. Importers
reported more inquiries nnd a largor
pcrccntage of orders than in some time
past. ' This chance is attributed to the
absorption of stocks held by manu?
facturers, who have rcfrnined from
making heavy purchases in the local
market for more than a month. As a
result of heavy arrivals in March and
April, due to the movement of accu
mulationa in tho Far Eaat, the rubber
gooda manufacturera' bina were re
plenlshfld by the time May conalgn
manta made their appeajranca here.
Guard Against German Use
Of Seized Dye Patents
ChenuVal Foundation Plans to Encourage Small
Manufacturers Who Are Proved by Inves?
tigation To Be 100 Per Cent American
S. A. Tucker, chemist to the Chem
ical Foundation, the Government or?
ganization which has taken over the
German dye patents seized in this
country. said yesterday that the poliey
of the Foundation would be to encour
age the small dye manufacturers. The
Foundation recently opened offices at
81 Fulton Street, and has already
started to license dye manufacturers to
use these German patents. ?
"Many of our patents," said Mr.
Tucker, "can be used to great advan?
tage by ..mall producers of dyestuffs,
and we mean to do all we can to help
these producers expand their business.
The more men the country has engaged
in the chemical and dye business, es
pecially in research work, the better
for the country both in peace and war.
If it had not been for Germanys' posi?
tion in the chemical industry, she would
have lost the war long before she did.
"The dyestuff industry is not of great
importance so far as the volume of
business is concerned, but it is what
is known as a key industry?other in?
dustries are dependent upon it. The
most important of these is the textile
industry. So it must be recognized
that the development of both the dye
and chemical industries is imperative,.
"In licensing manufacturers to use
the German dye patents, we have first
to establish that they are 100 per cent
American. There is danger, of course,
that the patents will get back into the
hand of Germans hiding behind Amer?
ican names. After we are satisfied on
the question of Americanism, we have
to consider the capability of the man?
ufacturer and his plant?whether or
not they can produce the best results
with the particular patent.
"I believe there is a great future.
for American chemical and dye pro?
ducers, and they can look to the Foun?
dation for every assistance it can
render."
The market of the last two days has
been an improvement over that of Mon?
day and Tuesday, when the flurry in
call money rates almost demoralized
the commercial paper market. Brokers
report a fair amount of sales, mainly
to institutions out of town. These
sales, however, have tiot been suffi?
cient to keep up with tho incoming
supply of bills.
There is a moderate market at 5 per
cent in centres like Chicago and St.
Louis, but as a general rate 5 per cent
has ceased to exist. The trading rate
for the best names is 0V4, at which
most of the paper sells, with less
known names passing at 5l2 per cent.
Brokers differ widely in their opinions
of when paper will return to 5 p'-r
cent, but most of them seem to believe
that a minimum level for some time
to come. With AVi per cent, obtainable
on certificates of indebtedness, on
which the element of risk is largely
eliminated, and with the additional
advantage given by tax exemption, 5!4
per cent for paper is regarded as a
fair figure. It is especially so in view
of the cal! and time money levels al
present.
Ai last the initial block of Belgian
acceptances, amount ing to $10,000,000,
is now being traded in here. This
offering is a part of the $50,000,000
credit granted Belgium by a group of
JeAvelrv
Shorlage of Silverware
for Fall Delivery
Indicated
Silversmiths are confronted with
the possibility of a marked shortage
of merchandise next fall beeause of
ihe unusual demand for silverware and
Ihe scarcity of skilled workmen. While
prices are higher th;m they have been
for many years, sales continue in large
volume. One prominent. coneern yes?
terday stated that the buyer for ;i
large Western city establishment, who
several months ago had placed an
order for what he thought would be
his full requirements for next fall, has
come back to buy additional stock.
This action was precipitated, it. was
said, by the heavy call that is now be?
ing received for nll classes of silver?
ware.
Although many of the workers have
returned to the silverware factories
after service ill the army and navy, the
silversmiths declare their plants nxc
still undermanned. A company which
normally require.-. the services of
I American financial institutions headed
?! by a New York syndicate.
The issue is not as welcome now
as il would have been had there been
no delay and had the bills made their
appearanee a month or more ago. Then
dealers could sell all the bills they
were getting in, but continually com
plained of the thinness of their port
| folios. Now their portfolios are grow
ing every day. The rate at which new
I bills are coming in is satisfactory
I enough, but r.ales are discouraging.
! The result is that some dealers have
' an amount of bills that it is burden
r.omo to carry. They say that unless
, the banks relieve them of the burden
; more than they have, they may be
! compelled to refuse to buy new bills.
! Tlie call money which they must bor
row becomes not only large in amount
but increasingly difficult to obtain with
the present higher rates oblainable by
the banks.
Dealers here also complain of the
policy of Western banks, which are
quick to sell new bills of their own
to this centre, but refuse to buy any
or to relieve New York of any of the
burden. It is contended that. the dis
count market. in America cannot hope
to grow successfully as long as banks
follow such an each-for-himself policy.
Fiftecn to sixty day prime trade ac?
ceptances were quoted at 5 and 5Vi per
cent; sixty to ninety days, 5 and 5 '-s
per cent; indorsed trade acceptances,
1'2 per rent, all maturities.
aboul 2,800 workmen now ha3 a force
of only about 1,800. Because of this
shortage manufacturers are far be?
hind on deliverics.
That the shortage of commercial
bar silver is acute abroad was indi
cated yesterday when the representa?
tive of a Norwegian silversmith con?
cern. with headquarters in Christiania,
completed negotiations with a com?
pany here. to take a set of samples to
Norway.
He explained that silver was so high
priced. in Norway that his company
had decided to abandon manufactur?
ing and act as sales agents for an
American house. Stocks of silverware
in Norway are low, while ihe demand
for all classes of goods. irrespectivc
of prices, is exceptional, thi". man re?
ported.
Saturday Holiday Agitated
In White Coods District
Agitation to make Saturday during
the months of July and August a full
holiday has been started in the white
goods district. M. C. D. Borden &
Sons, one of the leaders in the dry
goods trade, during *ho past few years
have closed all day Saturday during
July and August.
asic Commodities
June 5, 1919
(Note.?In those case^ where no transactions were reported the "bid"
prices are given.)
METALS
Week Year
thursday Wednesday ago ago
Pig iron, No. 2 Fdry, per ton (Pittsb'gh) $28.15 $28.15 $28.15 $34 25
Lead, per lb.06.20 .06.20 .05'4 .071 .
Copper, per lb.1634 J634 #-|gi/2 2ZVi
Spelter, per lb. (east of St. Louis). .06.10 .06.10 .16' 4 .071-5
Antimony, per lb. .03'4 .0814 ,0848 18
Tin, per lb .7212 .72|'2 .72' 2 '95
PRECIOUS METALS
Platinum, per oz.$106.00 $105.00 $105.00 $10008
Silver, per oz. $1.09' s 1.0938 1.08' 4 '991/,
CHEMICALS
Sulphuric acid, 66?, per ton. 16.00 16,00 16.00
Nitric acid, per lb.08 .08 .08 No market
Caustic soda. 76%. per 100 lbs. 2.75 2.75 "> 75 1 fio
Soda ash, 58% Jight (bbls.), per 100 lbs. 1.75 1.75 170 1 60
Phenol, L. S. P. (carloads), per lb.08'2 .08',:, .08'/, m
Glycerine, dynamite, per lb. .21'2 .2V/2 .17-J8 51
Glycerine, crude, per lb.13', 2 ,13'/2 .14
Glycerine c. p. (in drums).21 21 " .2V '-> iri/
Alcohol (denat.). per gal. .40- .44 .40- .-14 '45." 43 *71'4
Alcohol (non.-bev.), per gal. 4.90 4.90 490 40c
Nitrate of soda, 95%, per 100 lbs. 4.07'/2 4.07'/2 4071/ I'll
Benzol, c. p.25 o5 '25/z ??
Toluol, pure . 25 .25 .25
COTTON
Middling upland, per lb. 31.40 3170 3315 ^9rt
SILKS ?
Japan filature, No. 1, Shinshiu, per lb.. 8.05 8 15 a^e.
China-ateam fllature, best, No. 1. per lb. 8.75 8 75 850 7
Canton lilature, Ex. Ex. A, per lb. 6.60 6 60 6 60 *
HIDES AND LEATHER
Hides, city slaughter, spread, per lb.... .42 4^ 41
Hides, city, nat. tifrs., sel.. 60 or over, lb .40, '39 ' \. -^Wz
Calfskins. city, 9 to 12 lbs., per skin. . 7.6O 7'?0 7Rn2 '25
Leather, hemlock solc: 5'35
Ovcrwcights, No. 1, per lb. 55 .55 55
Middleweighls. No. 1. per lb.53 .53 [53 '43 2
RUBBER*
Para, up-rlver, fine, per lb.57'/2 .57'/2 571/- 68i/
Para, up-river, coarae, per lb. .34 .34i/2 ZtyA, '30 a
Plan., 1at latex, pale, crepe, per lb.44 .441/2 [431/* 'fjj
Plan., brown, crepe, thin, elean, per lb.. .40 .39 42 go
Plan., rlbbed amoked ahecta, per lb. .42^ AZVo 451/ *!m
?Qnotatlona for apot rubber only.
Shoe, Leather and
Allied Trades in
Big Organization
Allied Council Is Formed to
Represent Every Branch
of the Industry; Spring
Styles in Shoes
Sufficient good leather is available
in this country to last two years, but
if prices get to the point where the
public here and abroad refuse to buy
the leather situation will become seri
ous. This statement was made yester?
day by Fred A. Vogel, president of the
Tanners' Council, in a plea to shoe
manufacturers and others identilied
with the shoe and leather industry to
show the utmost conservatism in their
purchases in order to prevent the in?
dustry from being thrown out of bal?
ance.
Mr. Vogel explained the tanners"
side of the leather situation at a meet?
ing at tho Hotel Astor, at which rep
resentatives of fourteen associations
and live unorganized sections of the
shoe and leather trade perfected the
organization of the Allied Council of
the American Shoe and Leather In?
dustries and Trades. The new trade
body is the outgrowth of the close co?
operation that existed between the va?
rious branches of these industries dur?
ing the war period.
Through its activities it is expected
that the many different interests in
the shoe and leather business will be?
come closer knitted and the general
public boncrited by the advantages
that, will be gained by individual sec?
tions of the industry because of the
liberal exchange of ideas.
Roeommendations were made by a
committee of the new council repre?
senting manufacturers and retailers
covering thc shoe styles for next
spring. In view of the high cost of
leather it was advocated by this com?
mittee that the more general wear of
low shoes, in both men's and women's
styles. be encouraged and that the
seasons for sale of this class of foot
wear be extended.
Andrew C. McGowin, of Wanamaker's
Philadelphia store and honorary presi?
dent of the National Shoe Retailers'
Association, presided at the meeting
and was elected chairman of the Allied
Council. Frank R. Briggs, of the
Thomas G. Plant Company, Boston,
was elected first vice-chairman; Fred
A. Vogel, president of the Tanners' :
Council, second vice-chairman; Byron
S. Watson. of the Anthony Green Com?
pany, Providence, and president of the
National Shoe Wholesalers' Associa?
tion. third vice-chairman. and T. C.
Mirkil, secretary of the National Shoe
Retailers' Association. secretary-treas
urer. The business of i.he new organ- :
i.:ation will be condueted through the
quarters of the National Retailers' As?
sociation, in Philadelphia.
Metals
?
TRADE IHI MARK
HARA & CO.
(Hara Gomei Kaisha)
354 Fourth Avenue, New York
Telephone, Madison Square 8120
SOLE DISTRIBUTERS OF WELL KNOWN
HARA FILATURES
Tomioko and Nagoya
Branch Offices and Agencies: .MAIN OFFICE
Moscow-Lyons-London Yokohama, Japan
Silks
Heavier Buying of Taf
fetas by Dress Manufact?
urers Is Anticipated
Although the observance of a Jewish
holy day kept many buyers from visit
ing the salesrooms of silk jobbers yes?
terday, orders were received in large
volume. A good share of the buying
originaled with jobbers of the Middle
West. Retail dealers in general con?
tinued in active quest of goods. Job?
bers reported that at present demand
was about three times greater than
the supply.
The fabrics in best call were char
meuses. georgettes and crepe de chines.
Demand for taffetas, which had been
backward, seems to be improving, and
it was predicted that manufacturers of
dresses will soon be in the market to
place large orders for these weaves.
Deliveries to the jobbers by manu?
facturers of dress silks were said to
he fairly satisfactory. Wherever help
is willing to work on double turn the
mills are operating night and day. Jap?
anese importers of habutai and pongee
silks for making men's shirts and wom?
en's waists reported that business with
them was of excellent volume. It was
-tated that supplies of the Japanese
weaves were not large, though shipping
facilities on the Pacific Ocean are im?
proving.
Ra* Silks Move Slowly
Manufacturers Waiting to Learn
Size of Japanese Crop
Transactions in raw silks yesterday
were light and it was intimated that
American manufacturers were waiting
for clearer developments regarding the
;ize of the new Japanese crop. Cables
received from Vokohama by local im?
porters indicated that prices for the
ower grades of raw silk were casier,
3ut it was said the best kinds of
>ilk had not been adversely affected.
Some of the importers attributed the
iecline about 10 cents a pound in
Shinshiu No. 1. to the settlcment of
?iccounts between speculators on the
Vokohama bourse. It was intimated
that when the temporary effects of the
settlements have passed renewed buy?
ing probably will take place at higher
prices than those now prevailing.
GOVERNMENT SALE OF COTTOV
FABRIC
The Government. throuph th? Mat^iai
Dlsposal Section of the Air Servioe Wath
I ington, and its District Offices, will off?
for sale a quantily of Cotton Fabnc u
! rol 1 o\Vs: '
Itcm No. 1?Cotton Airplane Fabrlc 31 |n
w'de. weight about 4 -.,<?? ... the pouca!
Item No. 2?Cotton Balloon Cloth, 36 in \i
4S in wide, :. to 7 vds to tl pound'0
Itcm No. ..-?Airplane Tnpr. from K ln ..
3\ ln. wide. "
Full information regarding i nstructlom
put-ups. etc; also samplee showlng then
: goods finiFhed. print-d nnd dved for co-".
: mercial use. can |.e ohtained from ths foi.
lowing District Offices:
New VorU. X. y.. 360 Madison Av*
Boston. Mass . Little B'dc
I>etroit, Midi., 1560 Woodtvard 'avb
Chlcago, 111.. 1216 Consumers Bldr
Buffalo, N. T., 2600 E mwood Ave'
Uayton, Ohio. ,?10 Mutual Hnm. BMr
. t-'an Francisco, Calif., 504 Postal Tel 'bv*
Communications should he addressed ta
; the DISTRICT MANAGER. Ur Servic.
. Finance Division, Material Dlsposal Sectlott.'
Colors
Chinese Trade Demands
Standardized Shades
in Dyestuffs
Trade in American dyestuffs with
China can he cxpanded largely by
providing standardized color shades.
Consul General G. E. Anderson ex
plains that among the Chinese many
of the colors have a special sigmticance
in connection with ceremonials as well
as being regarded lucky or unlucky.
There are large interests in China,
especially in Amoy. Swatow, Chuchow
and various South China coast cities,
where imported shirtings and sheetingi
are dyed for sale to the Chinese. The
basis of this entire business is the
quality of color in the cloths handled,
which depends on the uniformity of
color and the quality of the dyes.
Mr Anderson says that it is essen?
tial in getting in touch with this ' raiir.
which is handled almost entirely
through Hongkong, that the exact
shades required for the business bf
ascertained and adhered to in every
case. The Chinese usuallj prefer
high quality standard
shades. particularly indigo bl
brown nnd black. which are
common colors to be no'
Chinese assembly.
The introduction of Amei
into the South China field
much more extensive than
realized, and on thr whole
cess has been quite marked
erally satisfactorv.
Copper for Delivery in
August Advanced by
Leading Producer
One of the principal producing nnd
selling interests in the trade advanced
its quotation on copper for August de?
livery yesterday from 17 to lTVic a
pound. At ihe same time other sellers
were quoting the metal at 16% cents
for immediate and 17 cents for July de?
livery. Smelter agencies continued to
make sales below the figures of the so
called "big interests," and transacted
a fair amount of business. In general
the volume of buying waa mucli less
than a fortnight ago. Practically all
ol the copper now being taken is going
into domestic consumption.
Hot Weather Helps
Sale of Cotton Dresses
Larpe Orders Are Placed
by Bsiyeis From Other
Cities
Buyers are still in the market clani
oring for dresses made of cotton fab?
rics, although business in this line has
been remarkable all spring. ln half a
dc;-.en establishments yesterday buyers
from Pittsburgh, Philadelphia, Cincin?
nati, Boston and other cilies were plac
ing large orders for cotton dresses
which they wanted as soon as the fac
tories could deliver them. The buyers
say their business during the last week
has been heavy because of the warm
weather.
"Last year." said one of th^m. "we
had sold comparatively few cotton
dresses at this time because, as you will
remember, the weather was cool until
the middle of July. This recent warm
spell has started the buying, and our
racks are almost bare of dresses." The
same story was told by other buyers.
To Hold Shoe Style Show
Fall styles in shoes will be displayed
at a style show, to be held under the
auspices of thc New York Shoe Re?
tailers' Association, at the Bush Termi?
nal Sales Building on the evenings of
July 17 and 1*. The shoes will be dis?
played on living models and addresses
on timely topics will he made by prom
inent members of the shoe industry.
A ground tloor wholesale dress sales?
room will be established by Lipson &
Adelson, manufacturers of Peggy Paige
dresses, when the firm moves to new
quarters at IS West Thirty-second
Street. The present factory, nt 131
West Thirty-fifth Street, will be re- ;
tained until another can be established
in a new building the concern is erect
ing in Brooklyn.
Among the new Fcatures to be em
bodicd in the salesroom will be n spe?
cial Spnnish department, nov- being or?
ganized as a result. of tlr1 substantial
business the firm is developing in Cen?
tral nnd South America.
Tho Export Trado Corporation an
nouncea that it has acquired tha ex
cluatve aelling agency for Cuba, Japan
and China oi tha AUoy Metal Wire
Company, of Now York, mannfacturera
of wire, wire. -w>da and wire ribbon.
Assicnment
K J. BTRNE ?- CO. ?A partnership com?
poser] of Edward .1. Byrne /md F Marsh
Soper, stock bro'ters, formerly a' 20 Broad
Street, yesterday assigned for thc benefit c.f
creditors to S. Hayne Chrlstie, of 25 ('hurch
Street The assignment df-c-d was sigiv '1 b>
Edward J. Byrne only.
Judgments riled
Th" following judgments were filed )f?
terd.iy in Manhattan. the first name be?
ing that of the debior:
In New York County
Arnold. Grace A.---T. Mineur ... J "30.40
Anclent Order of Hibernians of
X V.?P. Gallagher, costs. . . 188.15
nnlteransky. Louis?XI. .1. Kennan 1,636.45
Behrens, Dedrlch?Swift & Co,
Inc.. zi* 72
Benlnato, 1211a ? F Light, cosls. 109.S2
Burrows, Joseph G.?Everett ln
vesting Co. 2,243 14
Beninato. Frank?R. Light, costs 1":) S2
Corvan, Richard L?C. Worth... 1,059.40
Carroll, James J.?James Evcr
ard Brewerirs K7.41
Collins, Geo. E.?T. H. Graham
'" . 163 65
Charles Quenz.-r. Lnc?M. Lip
schitz, costs . 123 35
Consolidated Uoll Co., Inc. ? Madi?
son Glue Mfg. Co., Inc. 673 6S
Dades. Gus?.1. H Xluller. 114.3-j
Doices, Constantlne?Liciuid Car
bonlc i;o. 1113.04
Dp Frllce, Antonio?M. Angello 165.00
Eisner. Jennic and Frank
Trachtenberg?H. Rosenthal... 215 6."
Federal Co . Inc.?A. Blackburno 225.20
Forcsti, Lu/lvico G; and Vincent
Manca?H. Acanfora .>.. . 616.14
Frey. Sewlng Machine Co., Inc,
?Ontario Panta Mfg. < n 5TS.72
Four Hundred and Slxty-one
Eighth Ave. Co., Inc ?Queen.*
Ins. Co. 326 62
Flemlng, Marion E.?A Adamson S3S :>:i
Faulhaber, Joseph F.?Hammond
T> pew riTf r ( u. 1 IS. 42
Helnwelhe, Max?May bruck <fc
Heller . ? 137.53
Harkway, Joseph?A H. Sllver
, ,man . 448.79
Island Realty Co.?American
Audit Co. ??-...-.. 174.64
Incrporated Land Co. and T. XI
Hodgenf?-Exchange, Banklng &
Trust Co...... . 13.611.47
Jezek, Joseph. adm.?Troy YVag
on^Works Company; costs.... $105 69
Kammerer, Frank A.?D. & XX2
Holding Company jo5 so
Katzman, Harry. and Louis
Flelsher?J. Marks -57 1,
Keeley, Charles?Xew York Edl
son Company, costs. 1 M i?
Kalnin, Charles F.?M. Bauer... 2 140 -, -.
Kinberg. George .1. I. Singer.. '159 ..'1
Keller, George W -R Martin . "33 11
Leary, George Bcrgdorf &
Goodwln >'<>inpany . 4 ".i-i "n
Lkhtensleln, Otto?M. Sullivan' 486.08
Moore. Richard B , and O 12
LoqUwood Blue Stono Com
pariy?J. G. X'an Pelt 7U? 30
JJayer. Charles H.?S. XVenham 173.32
McOrath, Thomaa A-Brooks
Bros. . 178.67
Meye-r. TVtlllam?Brooks Bros... 363.3!
Mason, Francla C, and Edward
Oowperthwelte ? Central Oij
Transportation and Develop
ment Cotnpanyt ooste . 191 ?7
Oatman, Raohel ? Jullus fliteta
Companys Suooesaora, Inc... 618. T?
Posnf r, Samuel. A Ifred Posi i
Edvard Posner and Walrei [<
' ioodale i Posnt r & i 'o. I V, E
Bogart; costs 10? ?*
Rtchman. Louis L ?M F< ? 50000
Ri senba 11111 Norris (
Holding Corporation 2.02J.B7
Klchards, William li . t .
Broadwa> Ci ntral Banl s< ' 101 M
Sleirt. Benjamin?Cohen ?? 1JT.1*
Scharff, Sm :u> : l }'.? lianci
?' n(l I.? . ompa ny i ? H
Soble . 165'.?
Samr ? S"blf Bros. Lumber '
pany . 167.??
SliovJin, Bernard, adm I-"
Schneider; >osts. l%t.tt
Simon, Emil J?W E. Tutth 1.166.6a
Stinca, Araedeo and Ernes! ? -
w. \v. smith . :.:u.H
Smith. Charles R an I B
\\ a rehouse Corpora tioi
Rossman . 1,91*H
Si esholl ?,.. M,,\ is j8ot ?
Company
Ti j.per l-"ur! i :orporal I ., ??
Green . . 064 -
Tomasclli. Joseph and '?'??
ino?Angellllo
Tronteld. Jacob and M
L Sossna . -?? JJ
Walsh. John F. -E ,\ ? ?JJ '
V. ilhehn, Frederick?M
Watt. James L. and Am
M Presbrey
10SM
064 M
406 TO
V unc. George W. H. A . RttrhW
^t ?l 1 *
757.M
(li "?
?56??
> edc-a, Otto?A. v. ? .ss
/.uckerbraun, Morris
liarrr H (Zuckerbra .
?Orion Knittina; Mills
In Bronx Countj
Field. George W -A G Mcll 5<?!??
SaiM?Sauii! ...
H?>ise. ,l.,s. ph A Ko< !-v
Rungcl, Maurli e? C. Willi ' '
O. ... .,?, . M.? V T .
ennett, Maud N I
Same?J. Varian
? - -
.3 Tl
. li
Satisfied JudgnienU
The first name is that ? '
.vonnd that of the .rci.' i and J*'
juugiiitm was aied
In New Vork Count)
Glaubmirer. David Citj ' - ..--sl
T.; March Sl, 1919 (vai..' tl ? ???'
Smith, Klinc fi- French ?'. A C. ,,
Slallivmn. Dec. 17. 1918. -.-?*??
Warren, John am! FidcllO *
Casualty Co of N. T.?Peopie. ...,??
etc; Feb. 16. 191?. 1.?8t
Blake, James?D. F. Dlckle; May , <?
19. 191?. "*
Barker, Chas. B.?Dewitt Alien ..
Auto Co.. Dec 11. I 106 M'
Jennings, YTrn. W., Jr N uiio
Butler, ir.; May 21. 1919
Lerner, Samuel- ,1. Spiegelinan:
Julv 19. 1S1S..
Potter. Dwlght E ? E T Bi >Ugh
Potter; Dec. 24, 1918
Kofflr-.. Samuel -A Wlldfeuer , ..,
July 1;.. 1318......
Vecaey, "Arrand?Edouard; .'.??
17. 1917 .
Damon. W. Ward - X Y R.-raM
Co.; Nov. 25. 191?.
Lublnaky, Mllton and Armand
Yecsey?L. I'acak; Dec. 2-,
1914 .
Sperlln*. William?W. Berko
wita; March 7. 1919
?bcc
?0f 71
Bltti
i.?t?.?
Day, BrmJlr^D.?Nowburgn Sav- -..??
in?? B?nk; Jun? 6. 1?1?- M****
In Bronx County
..._, lalfloro?M. Molal
May IT. 1919.?...
Rubfnoirlta, Isldore?M. Molshad: 0>j