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BUSINESS NEWS BUREAU i Tribune Building 154 Nassau Street The Tribune's Page of Business News Conditions Improve i For Development of Big Foreign Trade >?anafacturers, Association Say? Upward Turn Has Been Reached in Our Commercial Activity ?Marked improvement in domestic r.d foreign Industrial and trade con? fions occurred during the month of I yay and this stabilization is daily : ^ing in strength. This is the view | he'd by "Export American Industries. | official or<:an of the National Associa- ? tion "f Manufacturers, which has just : i.sued a summary of conditions affect- ; ins: the development of the foreign , trade of the United States as com? piled from data in the hands of its j organization. Removal of war restrictions, Includ? ing the abolition of blacklists, says this : publication, is boin? strongly felt by ' ^menean exporters and streams of ? ?noniries ' coming from all trade c'en*"?"' ?f r:'* lor quotations on every va ri of raw and manufactured nawrials. fhe movement of the banks to estend foreign loans without gov- ; ernmer.t assurances and the develop- ? ment of wider markets for Jong term ! credit documents indicate that the up- ! ward turn in normal commercial activ- j ity has been reached. The signing of the peace treaty will do much toward allaying the remaining j uncertainty of the financial and trade jituation. It will mean in effect that reconstruction is to begin in earnest. The world of commerce is most eager ' to put the war and its havoc behind it and to settle clown to the task of rehabilitation. All of the nations ex? pecting indemnities from Germany are. making: extensive plans. France espe? cially is absolutely counting on the huge enemy indemnity to set her in? dustrial wheels in motion again, and she expects the banks of the United States to provide the necessary gold, against the German promise to pay, to undertake her rehabilitation. Financing Foreign Trade ? Financing foreign trade is a subject that is occupying a large share of the attention of American business at the present time. Not only is it necessary to assist the business man of America in his foreign trade enterprises; it also is very essential to fix a policy of ex? tending credit to the war-stricken countries of Europe. It is evident that it no longer is the part of the govern? ment to make further advances for this purpose. The war is over and ex? tension of credit by the government being purely a war measure should no longer be resorted to. Return to nor? mal conditions can best be hastened by leaving the question of foreign finance'in. the hands of the banks, ?hose province it is to manage such affairs. France, indeed, has expressed her opinion that the financing for her reconstruction needs should be han? dled by a private organization of Ameri? can bankers who can deal directly with the French financiers and manufactur? ers. More Foreign Trade Companies Establishment o: foreign trading cor- \ porations in the United States still ; gees on. Within the last few weeks two more have been formed, one pri? marily for trading in South. America, the other for organizing and stimul?t- : ilng commerce in the Levant. The lat- | ter company, sponsored by the Tobacco Products Corporation and including many of the largest merchandising firms in the country, plans a wide? spread organization which promises to be a modern replica of the famous ? Hudson Bay Company, embracing not on?y an extensive business organiza? tion in the United States, but a ship : line of its own and a caravan trade in : the Near Ea3t regions. Recognition by the Allies of the Kol chak government in Russia will un doubtediy *end to stabilize Russian af fairs, politic.!, industrial and financial. Russia is in desperate need of outside assistance, and her work cf reconstruc? tion ear.no: be carried on withe'l' for? eign aid. Official Aiiied recognition *ill enable the Prussian government to borrow money from the Allies and will ! make it posa ble for private business to go into Russia, backed by governmental guaranty. She needs everything in the *ay of manufactured products. To the natural question as to how she is to . Pay for these products, the reply is tsat she will establish credits through {he sale of foodstuffs, flax, various Mineral products, abundant in Russia, ; ???i lumber, which' was" her principal ' export in pre-war times. Even a reason- ; ably stable government will enable Russian business men to contrive suf- ? neient commercial machinery to export treae raw materials. Potentially, Russia is one of the greatest producing ?untries in the world and the world ?hou'id try to make it easy for her to rtal?z? h?-r possibilities. Her political and commercial rehabilitation means lst opening up of a great new market '?r foreign trade, and one of which t5>e Uajted Sute? should be rju*rk to ?*? ?duntage. Great Britain Hard Hit British labor difficulties have seri ***l7 hampered manufacturer?, and ; Wish trade Is not regaining ?ts lost ; 57*a?<l a? rapidly as it could wish. Ts? British factories need work badl^ *** ?re suffering from American corn- ; ^tition to a great extent. The reeon ?'^uetion labor policies of the govern ?"*** sad the extreme labor unrest **** put op production costs to the j**1** *h*re It is almost impossible to __*j American competition. Just re j**tljr s?ver&, ?a ,-;/<.. ?ron and steel or "*?'? from Pranee and Helgiurn were ** t? England nd placed in the I 2*N ?tates. i in her colonial ___f f"?*t Britain will be forced to ;"?*?? her b?im m methods if she is -" tonqmr ?m_r?_*fl competition. ? *B *t*m <'t trad* interest is the wan 9 of ?span's war-time trade boom, i T*.3??? lon_er exporting on the large , *?*? ?f the war period, but is again ***?>??, hsr former place as an im- ! .ZV*? ?"'<*?. It i? possible that this r^W?on is only temporary, but it is' He,?. ' that * Kr"*' dfeai of -ittPars's ___. ? ***>*rt Ir*** was artificially ' /?listed by war condition?. c?**"1** (:on?itu>? Improving _______ '* **?i?n* W? ?It?*)* of the! *****"***? prohibition, wbl*h is ae Um4* f? BrallUa toftt*. ?a Mlavowbis jpotiitioa, as j the result of the falling off of her ex? port trade after the war closed. The increased demand for coffee, which is ! bound to result from national prohibi? tion and the prevailing high prices for coffee will do much to stimulate Bra? zilian trade. This year's coffee crop is the smallest that Brazil has known for twenty years?a factor in keeping prices up to the top-notch. The pub? licity campaign of the Brazilian coffee growers in the United States now is getting into full swing. All in all, the coffee trade is booming as it never has before. The shipping situation is much im? proved. The decided increase in the merchant marine is the outstanding ; feature. Th>i Shipping Board is re? leasing ships fairly rapidly now, and these are being put into service on the established routes or upon new ones which are being established to meet new needs. Seven vessels, with a min? imum speed of seventeen knots, are to be put into service on a line to South American ports sailing from Southern port3. The tremendous in? crease in exports has made it neces? sary to use hitherto neglected ports. Shipping from Southern ports means a great saving in shipping and freight cos.ts on many products. A case in point is that of a Japanese naviga? tion line which plans to establish a - service from New Orleans for shipping Pittsburgh steel to Japan, thus saving i the heavy costs of the transcontinental : haul. If a saving can be effected here it is even more possible in the case of ; cotton and other Southern products which are to be exported. The whole trade situation, domestic and foreign, seems t?o be regaining its equilibrium gradually, and it is gen? erally considered that once the treaty is signed the Bwing back to normal conditions will take place as rapidly as is compatible with the complex con? ditions of the reconstruction period. ? ? Competitive Prices Abroad Depend on Our Buying There j Indefinite Restrictions Pol-! icy Held to Hinder Res-j urrection of Trade in ; Great Britain LONDON, June 6.?The United' States must buy more foreign securi? ties and goods if the prices at which American goods at the present rate of j exchange must sei! in foreign countries are to be' competitive, the American ! Chamber of Commerce in London says j in its summary of industrial and com-j mercial conditions in Great Britain! during May. The shortage of tonnage continues to keen American goods from ! the British market. The British Board of Trade, it is added, was attacked in Parliament re? garding its failure to decide on a firm export and import restriction policy.: This is one of the .causes of uncer- ' tainty making the resurrection of trade ! difficult. The government's spokesman! in reply said he hoped to announce ai definite policy when peace is signed, j He declared that the state of exchange would be the ruling consideration. The manufacturers of the United! Kingdom, the summary continues,, have requested the government to give ef-1 feet to its declared policy of perfec-1 tion to the key industries in order to! prevent dumping. The summary adds: "Import restrictions on typewriters, rubber goods, soap, vacuum cleaners and musical instruments (except organs and pianos) were removed. A further relaxation on American boots and shoes is considered likely. No further con? cession on automobiles is expected until September 1 at the earliest. "Official figures from the Ministry of Shipping show thttt the world's total pre-war tonnage was 48,000,000, the share of Great Britain being 18,500,000 and the United States 1.700,000. At present the world tonnage is 36,500,000, with Great Britain having 15,300,000 and the United States 6,400,000. "The trades unions have refused to take over the national shipyards at Chepstow on the ground that the offer made was not fair and that the capital ists already had refused an offer from ! private interests. The question is still open. "An imperial preference policy was | introduced in the 1919 budget. Refer- ; ence also will be given by the Treasury | to capital issues in the Dominions, par? ticularly when contractors will buy raw | materials from British producers. The j Dominions also will be favored in j awarding government contracts. "Labor bills establishing a minimum wage and forty-eight hours a weelf in industry are being drafted by the labor ministry. The bill restoring pre-war i practices in industry within two j months of passage already has passed ' second reading. "The number of unemployed is de- ! creasing slowly. Coa production is ' dropping and a shortage ?3 feared, both for industry and for export. American steel is underselling British steel in the United Kingdom. The Lan? cashire cotton trade is picking up. Light grain crops are expected on ac- ! count of the drought and the fruit crops are uncertain." Credit Men Meet To-day Crcdit and the important part it plays in the stabilization of the com? merce and industry of the world will be discussed at the twenty-fourth an nual convention of the National Asgo ciatioB of ('redit Men, which opens ? to-day in Detroit. The convention will ; run through until Friday. It is ex- i pected that 2,000 men identified with credit work Will be in attendance. In a letter sent to -"S.OOO members of the association, J. II. Trcgo, secretary treasurer, ?ays that our part of the world trade will be measured by our willingness to extend credit. "The United States has a wonderful opportunity," he says. "It to-day stands preeminent as a world leader. Here are the materials, the machinery with which to make them into goods, the credit resources needed for their dis? tribution as they never before existed in any land. "Clearly we must not look at the problem of world trade from the sell eel? standpoint only, but from that of the buyer also. We must create hero a market for th? securities of the coun? tries wjth which we desire to trade and in the buying of them some portion of th* stvtKg? o? th* nation must be Buyers Arrived Buyers are invited to register in th is column by telephoning Beekman I 8243 between 10 A. M. and 7 P. M. Women's Wear and Millinery ATLANTA. Ga.?J. Allen; women's wear; Pennsylvania BALTIMORE?Burka Co.: Mr. Burka, women's wear; Pennsylvania. BOSTON?C. A. Browning Co.; J. J. Crowley, millinery; Manhattan. CHARLESTON. W. Va.?L. Arnhelm; women's wear; York. CHICAGO?I. Bezark Co.; Jack Teller, wash ?tresses and coney fur coats; 35 East Twenty-sixth Street. CHICAGO?Chicago Mercantile Co.; C. A. Stonehlll, millinery goods; Pennsyl? vania. 1 ?ETROIT?T. L. Zulehack; S. Zuleback, ready to wear and children's wear; 11S2 Broadway, room 1402. HAZLETON, Penn.?,T. Hyman Cp.: .1. Hyman, women's cloaks and suits; Penn? sylvania. JOHNSTOWN, Penn?New Ideal D. O. Co.; Mr. Nathan, ladles' silk and voile dresses, silk and volle waists; 27 West Twenty-sixth Street. MEMPHIS, Tenn.?M. Kuhn; women's wear; Pennsylvania. PITTSBURGH?McCreery & Co; A. N. Brown, waists, wrappers, negligees, French underwear; 23 East Twanty-slxth Street, room S10. PORTLAND, Me.?The Vogue; B. E. Peroy, wash and silk skirts, wash dresses, silk and satin suits and capes, taffeta. goprgette, tricoletto satin and jersey dresses; ( !ommodore. SAX FRANCISCO?Golden Oaf Co.; M. Sllverman, Call suits, '?1 West Twenty sixth Street. TOLEDO?W. S. Milner & Co.; Dorothy Lewin, waists, house dresses, petticoats, lunii,nos; A. Fantl; 116 West Thirty second Street. UTiCA, N. T.?E. Sherman; Women's wear; Commodore. WASHINGTON?-Hecht & Co.; M. Kauf? man; women's cloaks and suit?; Pennsyl? vania. Men's Wear BOSTON,?-?- Kata St Samuels; B. Samuels, men's furnishing woods; Commodore. BOSTON?L. Goldman, men's wear; L?a tham. CHICAGO.?Golden Eagle; J. Simmons; men's furnishing goods, hats, pants; Com? modore. CHICAGO.?Weiss & Benjamin, S. H. Weiss, Inc.; A. Berkowitz, cloning; Broad? way Contra". CINCINNATI ? FlPtscher A Son; Mr. Fleischer, clothinp, etc.; Pennsylvania. CLEVELAND?M. Gluck, clothing, etc.; Penns: Ivanla. CLEVELAND?S. Rosen Co.; S. Rosen, hats and caps; Broadway Central. Lus ANGELES.?Bullock's; .T. A. Rame son, boys' and men's furnishings, boys' clothing; B. J. Lyons, men's furnishir,g3 and boys' clothing for basement; t'5 Madi? son Avenue, eleventh floor. SAN JOSE,, Cal.?O. A. Hale & Co.; C. A. Wilson, boys' and men's clothing and gents' furnishings; ?>J Union Square, four? teenth floor. WILKES-BARRE, Penn-.?L. Lefkowitz, Co.; L. ' Lefkowitz, clothing aad furnish? ings; Broadway Central. Piece Goods BALTIMORE.?Klein-Mpttett Co., manu- i facturera children's dresses; 11. H. Ureen, ! cotton piece goods; 1270 Broadway. CHICAGO.?Heller Co.; V. E. Heller, l manufacturers waists and dresses; Im- ? per in I. CHICAGO?M. Hirsch Co.; M. Hirsch, piece goods; Pennsylvania. CINCINNATI?Glaser ?- Son; Mr. Glaser, tailoring goods; Pennsylvania. CLEVELAND, Ohio -Sunshine Cloak & Suit Co.; K. Sunshine. manufacturers' cloaks and suits, 2'j West Thirty-second Street. COLUMBUS, Ohio?H. Clark, dry goods; Marlbo rough. ELIZABETH CITY, N. C?O. Gilbert; piece ??foods; Pennsylvania. MONTREAL?L. Lazarus, piece goods; Breslln. NEW IIA VEX. Conn.?J. Press, tailor; : Pi - . Avenue, NORFOLK, Va.?H Samtkrls" dry goods; Pennsj I vania-. PETERSBURG, Va.?A, Rosenstock .t Co.: W. A. 'Sims. linenB and white goods; 44 Ens; Twenty-third Street. KOCHESTER, N. Y.?G.' Simon; dry goods; Wallick. SPRINGFIELD, Mass.?J. Friedman, tailor; Herald Square. TORONTO?M. Rosenthal; piece goods; Lat ham. General Merchandise AKRON, Ohio.?A. Rolsky & Co.; R. A. Polsky, dry goodB, notions, cloaks and : suits, Ml Madison Avenue; BALTIMORE?H. Simon, general mer-j chanrdise; Broadway Central. BALTIMORE?J. Goodman, general merchandise; Broadway Central. BOSTON ? A. .Morris, general merchan? dise; Breslin. BOSTON?M. Nathan, general merchan dlse; Broadway Central. BOSTON?S. Bornstein, general mer- j chandise; Herald Square. BOSTON ?- A. Shulman, general raer chandise; Latham. BUFFALO?C. Strauss, general mer? chandise; Pennsylvania. CHICAGO.? M. Kahn Co.; M. Kahn, fall merchandise: i ? East Twenty-sixth Street, ! Room 1910, care Hauer. CHICAGO?S. Glassm'an, general mer? chandise, Latham. CINCINNATI.?McAlpin Co.; Dixie B. Ellison, representing; W. T. Knott, 23 East Twenty-sixth Street, McAlpVn. CLEVELAND, Ohio.?S. Caplin; S. Caplin. general merchandise; Broadway | Central. CLEVELAND?S. Caplan Co.; S. Caplan, general merchandise ; Broadway Central. DAYTON, Ohio?-S. Stern, g-neral mer- I chandise; Pennsylvania. DETROIT?S. Herz, general merchan dise : Pennsylvania. DULUTH, Minn.?F. Fernstrom, general1 merchandise; Broadway Central. ELM1RA, N.. Y. ?E. Topper, general m rchandlsa; Latham. HARTFORD, Conn.?H. Blumonberg, general merchandise; Broadway Central. INDIANAPOLIS?-id. Strauss, general merchandise; Wallick. LOCK HAVEN*, Penn.?J. W. Bridgens & Son; J. F. Bridgens, general merchan? dise and shoes; Park Avenue. LOS ANGELES.?Bullock's; Mr. Hilaon, merchandise manager; 96 Ma'ilson Avenue, eleventh floor. LOUISVILLE?O. Meier, general mer? chandise; Breslln. LOUISVILLE, Ky.?Vf. Schad, general merchandise; Latham. PHILADELPHIA?B. Paul, general mer chandlse; Pennsylvania. PITTSBURGH?J. Levin, general mer? chandise : Pennsylvania. PORTLAND. Ore.?E. Myers, general merchandise; Qrarrd. TUSCALOOSA, Ala . ? Rosenau Co.; D. L. Rosenau, dry rereis, clothing, carpets and shoes ; Pennsylvania. WATERVILLE, Me.?Emery Brown Dry Goods Company; II. Brown, ready to wear, furs, millinery and dry goods; 1261 Broadway. Room 1012. WILFtES-BARRE, Penn.? Fowler, Dick & Walker; M. Burnside, dress goods, silks, laces, upholstery and notions; 6 West Thirty-second Street. Housefurnishings, Floor Cover? ings, Furniture, Drapery INDIANAPOLIS?Goldstein Bros.; H. B. ? Goldstein, carpets, ruirs. draperies, house. furnishings, lighting fixtures; 404 Fourth Avenue. 7th fli : PITTSBURGH?J, Reld, furniture, etc . Pennsylvania, SEATTLE?-Seattle Dry Goods Co.; .1. W, Genome, carpets. ni;a, draperies, cur? tains and furniture, 4iu Fourth Avenue. 11th floor. Art Goods, Jewelry CHICAGO?Fred S. HonacheL art trim? mings, fringes; Pennsylvania. DETROIT ? Michael J. Aichenbaum, working parts of watches; Pennsylvania. Shoes I LOS ANGELES?Broadway Dept. Store; C B. Short, shoes and basement fihoes; 95 ? Madison Avenue, room 1102. NASHVILLE?G. Kornman, shoes; Cum? berland. Miscellaneous BOSTON?H. Wipe, cigars, confection-, ery, etc.; Pennsylvania. CHICAGO -Marshall Field & Co.; W. F. Browning, uniform manufacturing depart m< nt . 1107 Broadway. CHICAGO?Rothschild & Co.; J. II. Schwenberg, toys; 470 Fourth Avenue, room 1004. CHICAGO?Montgomery Ward Co.; E, J Hanson, toys and dolls; 309 Sixth Avenue. CHICAGO?G. Meyers, groceries; Marl borough. CHICAGO?IT. Slmorr. groceries; Grand GREENSBORO, N. C.?Roberson, Strader A- Co.; Mr, Roberson, representative; Penn? sylvania. LOS ANGELES?Bullock's: G. A. Skin-, ner, leather good's, handkerchiefs, paraso.s and umbrellas; 95 Madison Avenue, 11th floor. MERIDEN, Miss.?L. Rothenberg, dry poods and general merchandise; Pennsyl? vania. NEW HAVEN, Conn? M. Alpert & Son; M. Alpert, representative; Broadway Cen? tral. NORFOLK, Va.?A. Levine Co.; A. Levine; groceries; Walllck. PITTSBURGH?J. Shapiro, notions; 1 'ei nsyl va n la PHILADELPHIA?J. Stern <S- Sons; J. Stern, hi les, etc.; Broadway Central. PORTSMOUTH, Va.?B. R. Cohen Co.; li. H. Cohen, confectionery; York. SAN FRANCISCO?Tne Emporlvyn; E. ?1 Co ' ello, toilet and leather goods, trunks, bags and rubber goods'; 225 Fifth A \ ? nue : La t ha m Hoi ! TOLEDO?W. S. Milne.- Co.; Miss Maleda Rockt, m_s::ri underwear. Infants' wear; A. Fantl; 11 ?' W. Thirty-second Street. SEATTLE?W. S. Dulwage Auto Co.; W. Dulwage, auto supplies; Hotel Woodward. SAN FRANCISCO F. \V. liouchln, sporting poods; Hermitage. SPRINGFIELD, Mass.?Rubin Bros.: Mr. Rubin, drygood's and clothing; Broad? way Central, ST. LOUIS?G, Newman, general line;' Pennsyl vania. TIFTON, Ga.?H. Kulbush Co.; II. Kul bush, drygoods and clothing; Broadway ( '??: ? ral. WEHTFIELD, Mass.?R. L. Soper & Co.; R. L. Soper, mfrs. cigars; Walllck. ?ORK, Penir.?M. H. Gross, cigars, etc.: Pennsylvania. Buyers Coming PORTLAND, Me.?The Vogue; P. E. Deroy, wash and s'.lk skirts, wash dresses, silk and satin suits and cape?, taffeta, georgette, trlcolette satin and jersey dresse.-: ; ( '.,;,-. )<! o <i< ? re. TOLEDO, O.?W. S. Mllner <?- Co.; Dor? othy Lewin, waists, house dresses, petti? coats, kimonos; A. Fantl, 116 West Thlrty Beconrl Street. TOLEDO, O.?W. S. Mllner & Co.; Miss Maleda Rockt, muslin underwear, In? fants' wear, A. Fantl, 116 West Thirty second Si reet. JOHNSTON, Penn.?New IdeaJ D. O. ! Co.; Mr. Nathan, ladies' silks dresses and ? voile dresses, silk and voile waists; 37 j Wes< Twenty-sixth Street. SAN FRANCISCO, Cal.? Golden Gate ' Co.; M. -SUverman, fall suits; 37 West1 Twenf-sixth Street. PITTSBURGH? Kaufmann; M. Llpp mann, silks and dress goods; 1261 Broad? way; expected Juin: 10, 1919, for three ? days. CINCINNATI?McAlpln Co.; Dixie B. ! Ellison, representing; W. T. Knott, 23 , East Twenty-sixth Street: McAlpln. CLEVELAND -O. S. Capl'.n; S. Caplln, ; general merchandise; Broadway Central. Incorporations ALBANY, June 8?Charters to Incor? porate were granted yesterday by the Sec? retary of State as follows: Karls Realty Company, Inc.. $10,000;. Manhattan; realty; J. W. B. Dane. J M. Cretin, R. D. Burchard, 80 Broadway, New York. Casalino Contracting Co., 15,000; con? tracting, construction, realty; Mike Casal lno. Joe Casallno, Samuel Jacobs, 878 Drlggs Avenue, Brooklyn. Century Drug Sundries Corporation, $8,000; Manhattan: manufacturing drug? gists' sundries; D J. Rossen, Fay Alexander, Samuel Lerner, 223 Broadway. New York. Kinney, Cohn & Goleno, Inc., $10,000; general mercantile business, shipping ami trucking merchandise; Frank M. Kmney, G. T. Brown, Mike Goleno, 410-17 East. 116th Street, New York. Provident Underwriters' Agency, Inc., $1,000? Manhattan; general Insurance agency and auto insurance; Frpd S. Chonte, David Heathcote, Samuel A. I.angfur, 3U7 East Seventh Street, New York. Lund Building Company, Inc., $2,000; Brooklyn; general real est?t?) ?g? noy, brokerag??, etc.; Nelson C. Lund, Oliver It. Lund, Margaret Lund, 274 Sixty-first Street, Brooklyn. Eastern District Paper Box Corporation. $10,000; Brooklyn; paper manufacturing and box manufacturing; A. Loeb Selkln, Abraham Safdr, Samuel Akelmacher, 163 Vernon Avenue. Brooklyn. Bdtth Realty Company, inc., $r>.ooo; Brooklyn, real Opiate lii#nlricHM; Em an Grecnbcrg, Lucy Greenbcrg, David Illrsh. 1461 c;un,!r Street, Brooklyn. VVoodlawn Coal Company, Inc., $!.",000; The Bronx; coal, eoke and wood business; II. 11. Meyer, Mlnnl? Meyer, II K. Lucas, 43a Bast 2:s?Lli Btreet, The Bronx. Edgnwater Camp, Inc., $2.000; The Bronx; real estate, dealers In good?, wares, merehandlM and transport passengers or merchandise by auto, etc..; ft. W. Shaw, It. W. Hhaw, Jr., Robert V, Shaw, I'enny fleld, Th? Bronx. Herman & Kats, Inc., $10,000; Manhat? tan: manufacturing* ladles' dresses; Joseph M. Kiitz, R. It. Reuben, Isaac Marks, 1342 Fifty first Street. Brooklyn. Merchints' Navigation corporation, $230,000; Manhattan ; triinspnrliil Ion. trs.de, Oommsrce, navigation; A li. Korr. Charle? F Hoffman, Edwin O. Holler, ?f) Broad? way, New York Axel rod, i'rie?imnn * Fershti in?-., $io, 000, Manhattan; inanuffnt urltig Indies' und mlMMsr clothing: Sigmund Ax?Trod, Jo?. M. Friedman, M. I. Persia, Mliidlo Vlllog?, Long Island. Bs?s Silk Mill?, Inc., $r,.00fl; Manhattan; in Wald, 217 Broad? anal In silks and l??xtll?s; Las) R. Posrvr, legfrled Msaur, Alb? ' ?way, New ViHiii. ^_^^^^^^^^^^_ ?ht, ci.-rndf?ck Rsaltir Corporation. ItO, 00? i Qusen?? rsaityj LouU J?ruoltsmiaa, Eugene Clemente, R. Mercogllano, Wood haven. L. 1. ! Piercelesa Tire Co., Incorporated, $5,000; ! Bronx; manufacturing rubber tires, etc.; ! Sigmund Weininger. 731 East 160th Street, ? Bronx. Cassl Realty Co.. Inc., $1,000; Manhat? tan; real, ?state agent, broker and con? struction busln-ss; Isaac Schiller, Sarah Schiller and Al Schiller, 009 West 115th Bl ri et, New York City. Marine Syndicate, Inc.; $10,000; Manhat? tan: realty; William A. Bacchus, Oeorge N. Bonadie ami Joseph V. Willis, 113 West 136th Street, New York City. Jefferson Straw Works. Inc.; $10,000; Manhattan; manufacturing ladles' and rhihlren's hats; Barney Kessner, Philip ' Kessner and Joseph KaMnowitz, 68 East I02d Stieet, New York City. Attractions Distributing Corporation; $500; Manhattan; general motion picture and film exchange business, theatrical proprietors; Henry Herzb?ron, S. II. Kauf? man anil Leo N. Halblum, 60 Wall Street, New York City.. Gra-Kel Woolen Company, Inc.; $1,250; New York County; manufacturing#yarns, woolens, Charles P. Kramer, R, E. Masen , and H. F. Klemens, 1102 Putnam Avenue. Brooklyn. A. R. Zlcha Marbio Company. Inc.; $15,000; Manhattan; manufacturing stone or marble building blocks; August H. Zlcha, Mary Zlcha and Frederick O, Vasku, 400 East Eighty-ninth Street, New York City. Duplex Silk Mills, Tnc: $10,000; Man? hattan'; textiles; Simon Relman, J. E.'An lois miii Max Levy, 71 West 115th Street, Ni w York I'm v. The Trlvers Company, Inc.; $16,000; Manhattan; manufacturing clothing: David Trlvers. Morris Qreenborg and Etnll Reln ; berg, 41' Convent Street, New York City. Wiegrow Products Company, Inc.; $5, 000; Manhattan; manufacturing paints, oils, chemical's, roofing materials; Abra hum A. WieiiT, Jacob Wb-nnr and I. N. Wiener, 07 East Ninety-seventh Street. New York City"? 2136 Harrison Avenue Realty Corpora? tion; $10,000; Manhattan; general real es? tate agency, construction, etc.; Max Oull cov-r, Morris Cullcover ?nil Mina Cull cover, 4',4 East. lBHtb Street, Bronx. Welssgre.'ii Realty Co.. Inc., $30,000; Manhattan; realty, etc.; Louis VVelssman. John Greene, Julius areenberg, 214 For? syth Street, New York East New York Harness Company, Inc., $,000; Brooklyn; manufacturing harness; fttnj. Kamnnetsky. Ida Kam, <met.sk y, Harn'l I.ni..h ?Uy, 177 Thiitforil Avenue, Brooklyn. Shave's Drug Store, Inc., $5,000, I'.yc; drug more; L. ft, Woolf". F E. Shave, R. L Keeker, Ry?, N Y C'/..-oii,,-aiov?k Bead Company, fnc, $100,000; M a ri h ut inn ; manufacturing beads, buttons trimming?; Martin A. Klein. L. <1. B?Id?, Jos. Hnwm?, 24 11? Bathgate Avenue, iiroa*. ! Will Handle Women's Ready-to-Wear Apparel Bush Terminal Company to Act as Jobber for Manu? facturers In adding women's ready-to-wear apparel to the various linea of mer? chandise in the Bush Terminal Salea Building the company will not handle it on the cooperative sales plan, as the other lines are handled, but will act as jobbers. The merchandise will be pur? chased by the company from manufact? urers and resold to retailers. j Tho new ready-to-wear department, in which coats, suits, dresses and sep? arate skirts for women and misses will be carried, it ?a announced, will be opened on the thirteenth floor of the Building about July 10. The product of between 250 and 300 apparel manu? facturers will be sold in the depart? ment. It is said the only profit to the Bush Terminal Company, which proba? bly will organize a separate business corporation to handle the affairs of the department, will be a 5 per cent dis? count on purchases from the manu? facturers. It is intended that the com? pany will resell to retail merchants at the tirico ;*. pays the manufacturer ' r the merchandise. The department will be under the direction of William Bloom, identified with the apparel in? dustry for almost twenty years. The company will establish its own shipping department. The merchandise in tho new department will range in price from $7.BO to $100 a garment. For the present women's waists will not be carried. Treasury Certificates' Sale Passes $500,000,000 Mark WASHINGTON, June 8.?Subscrip? tions to the last two series of Treas? ury certificates of indebtedness, which closed Saturday night, total well over $500,000,000 Secretary Glass announced to-night. The certificates were dated June 3 and mature on September 15 and December 15 In view of the shortage of revenues, offerings of Treasury certificates of indebtedness are expected to be prac? tically continuous throughout the fumracr. Requests that income taxes be paid in full, when the second in? stalment falls flue this month, are beinp- mailed with tax bills. Petitions in Bankruptcy Petitions :n bankruptcy filed Saturday In the Cnlted States District Court were; LIL1.1..W BOYES A voluntary peti? tion by Lillian Boyes, an actr .-?-. t West Thirty-sixth Street, shows liabilities of $002 and no assets. Principal claim, Max I". Siemera and Henrietta ners, $'j0^. Edward M. Bernstein, 200 Broadway, is j ili at torney. ' MARY HOPF HAMMOND.?An invol? untary petition against Mary Hopo Ham? mond, real estate, 3.1 West !?lxty-se\ nth street, gives liabilities at ab< ut $ 0 i Assets rrot given. Principal claim. Anna M. drati, $ i, 2 _ 5 Casa .% Apfel. 35 Nas? sau Street, a re the attorni ? JULIUS LION. ? A voluntary petition by Julius Lion. 4:j'i East 13Sth Street, shows I liabilities of $1,761 and no assets. Prin? cipal claims: rsaac Goldman Company, $892; Strauss & Co., $200; Charles W. Berg, $130. Louis Susman, 3218 Third Avenue, Is t he attorney. EDWARD W. STEINMUELLER.? A vol? untary petition by Edward W. Stein- > mueller, engineer, 25 Broad Street and .'.i West 103d Street, shows liabilities of $9,113 and assets of $2,017. Principal claims: Western Gas Construction Co., $2,480; Broad Exchange Building, $525; New Vork Telephone Company, ill*. Ber? nard L. Karllner, 89 Simpson Avenue,! Brorrx, Is the attorney. Schedule in Bankruptcy j SECER & GROSS COMPANY.?Sched? ules ->f Seger <fc Gross Company, manufac? turers of store and office fixtures, 518 West Fifty-fifth Street. Liabilities, $22, 017 and assets of $15,624. Principal claims: Charles Henry Groeschke, $2,5ii7;: Mercantile Trust Company, $4,438; Marks1 Uros.. $780; William IL Sidney, $n7_. i Jur?me C. Lewis, 220 Broadway, is thej ittorney. Judgments Filed The follow-In? judgments were filed Sat- ! urday, the fir-?l name being that ef the : debtor: In New York County Arora, Raphael?Auto Buyers' Co. of America, Inc. $205.60 ? Brounwer & Davall, Inc.?George Glmbel & Co,. Ine. 235.70 ! Carlton, Samuel W.? A. fechwelt. 110.41 j Coal and De?very Co., Inc.? Knauer & Jackers "Wagon Works, Ine.. 202.35 ? Crovello, William?W. Etra. 152 20 Doy!-., Lawrence?J, B. Squire.. 551.70 1 Eccles, George W. and Mllledge Realty Corp.?County Holding Co. 6,026.34 ! Foley, Mary?F. de P. Foster, et al . 7.270.17,! Harris, Joe?Frank J. Lennon Co. 226.70 i Hesse, Alexander?C. Schultz, Inc. ? 144.90 Hartman, Blanchard Co., inc.? Hartwell & Lester, Inc. 553.54 Hirsch, Paul?M. Cashriel. 2,921.71 Hvoslef, Frederick W., Edw C. Day and Rasmus M. Mlehelson i tipnni'ii, itvosier a: lo.i? v. S.' Pole . 4.537.29 Hoadley, Joseph H.?Burns Bros. 136.45 Interboro Rapid Transit Co.?? M. I. Lang . 1.732.06 ; Kernochan, Frederic, exr. ? Board of Foreign -Missions of the M. E. Church. 12,013.34 J. D. McQuade Co., Inc.? Bronx i Towing Line. Inc. 766.70 i Kitt, t?arali?Lawyers Mortgage Co. 1,575.57 i Llebert, Samuel?A. Burkhardt.. 735.41 Murat, James (N. Y. -Marine Service Co.)?Merrltt & Chap? man Derrick and Wrecking Co. 1,560.42 Newman, Simon?Herrman Motor Truck Co., Inc. 116.21 Crayeh, Ellas and David?G. Lindenmeyr, et al. 120.30 i Polansky, Esther and Joseph?A. H. Townley . 339.13 Roth, Joshua J.?Rogers Peet Co. 141.80 Radt. Max?D H. Hyman, cists.. 124.63 Rosen & Yale, Inc.? S. Stein & Co. 244.81 Sternberg, H. B. Sumiier? I. A. Herman . 392.18 S. & W. Harlem Fifth Avenu?) Theatre Co., Inc?N. H. Stone. 253.20 Smith, Elizabeth?L. M. Brown.. 109.55 Three Hundred, Inc. ? Pusey Press, 203.30 Vredenburgh, Harry J.. and Archibald Reid?Broadway Cen? tral Bank . 4.662.58 In Bronx County The first name is that of the debtor. : Bambey, John??J. J. Barry. $5,284.80 i Fuhrman. Fr??d W.?Title Guar? antee and Trust Company. 116.15 Gates, Victor?State Industrial Commission . 108.94 Sullivan, Cornelius A.?M. Pasachoff. . 17.648.45 Vapor Heat Attachment Mer? chandising Company, Inc.? F. 11. Brauttgan . 98.7S Satisfied Judgments The first nsmo is that of the debtor, the second that of the creditor and date when Judgment was filed: Vlllela. Frank and Ralph W.? People, etc.; April 2, 1919 (vacated) . $500.80 French Trade Decrease? For the cloven months ended Novem? ber, 1018, the foreign trade of> France aggregated $4,148,162,510, a decrease of $1,890,006,002, compared with the cor? responding period of 1017. The de? crease in imports of foodstuffs amounted to $397,88r>,32fJ, of industrial material? to $(* 18,467,648, and of manu? factured Article? to $?30,001.160, [Expert Charges Abuse of State Risk System Fund in Enviable Condi? tion, but Badly Managed, Declares J. F. Connor in His Report to Governor Thorough Inquiry Urged - Wynkoop Service Wrong, He Says; Payments Delayed, 'Favorite Doctors' Aided ALBANY, June 8.?Severe criticism I of the management of the state insur? ance fund by the State Industrial Com | mission is contained in a report .to ; Governor Smith, mude public to-night by Jeremiah F. Connor, appointed by the Executive to investigate the affairs of the commission. The state fund now insures approxi- -, mately 8,750 employers, according to i the report, and its rates are approxi? mately 14Va per cent lower than the rates of the stock companies. "It claims to have 16 per cent of the compensation insurance business of j New York State, 'roughly speaking,' to | use an expression of the manager," : reported Commissioner Connor. "Fifty per cent of this business is carried in ; special groups receiving special treat ment, so the fund generally carries only i about 8 per cent of the compensation insurance of the state." Assets .Declared Sound The fund on January 1, 1918, the 1 report states, had assets amounting to nearly 85,500,000, and it is apparent that the financial condition of the fund "at the present is in an enviable position." It is said that additional dividends in favor of employers in the general groups, to the extent of $1,000,000. could be declared and the fund still be solvent beyond a ques- i tion of doubt. Commissioner Connor declares the fund has been "wojsfully weak" in its ability to collect premiums, statins; that there were approximately 1,500 cancelled policies from July 1, 1914, to date, in which the payrolls have not been audited nor brills rendered for the amount due. In addition, he ? leported, about a month ago there, were 500 cases of cancelled policies in i which payrolls had been audited but I in which bills had not been sent out. Wynkoop Service Criticised Much space in the report is devoted ! to one of the special groups in the i state fund where the employers in this i group have a contract with G. W. ; Wynkoop, who does business under : the name of the Wynkoop Service, I under which an employer, in return i for certain services, including the pre- j vention or accidents and handling of ) claims, pays the Wynkoop Service one- j half of the dividends declared by the ; state insurance fund. "In my opinion the Wynkoop trans- I actions with the state insurance fund ? are wrong from every standpoint," Commissioner Connor reported. "In j the tirst place, every service performed i by the Wynkoop Service for the em? ployer should be performed by the ; state insurance fund itself." Numerous employers in the state fund have been approached by repre? sentatives of the Wynkoop Service just j as their policies were about to expire, j Commissioner Connor reported. "This ? suggests," be said, "at least a system j under which the Wynkoop Service is t tipped off by some one when favorable | risks in the fund are about to expire." Delay in Payments Charged Many complaints have been received by Commissioner Connor, who says he is satisfied that there is "an unreason? able delay in making payments to in? jured workmen out of the state fund." He also reported that the fund "pays far jmore attention to getting work for favored doctors then it does to nay ing compensation to the claimants." Al? leged favoritism in fixing? premiums also is charged. "What I have discovered is only a scratch on the surface," concluded the report. "I recommend that the whole state insurance fund be investigated from start to finish by a competent actuarial accountant." Czechs Wounded in War On Reds Arrive Here 100 Officers and Men of Force Which Fought in Siheria to Remain Two Weeks One hundred wounded officers and men of the Czecho-Slovak army which fought the Bolsheviki in Siberia ' ar? rived in New York yesterday from Vladivostok on their way to their new homeland, Czecho-Slovakia. They will remain here two weeks. The contingent, which consists of six officers and ninety-four men, head? ed by Major Josef Dolshek, was wel? comed at the Pennsylvania Station by Colonel Vladimir Hurban, Military Attach? of the Czecho-Slovak Embassy at Washington, and by a committee of the Czecho-Slovak League. Many of the men have been awarded the Russiaia Cross of St. George for gallantry in action against the Bol? sheviki. Twenty of them are so se? verely wounded that>they cannot walk. The most thrilling incident of the trip from Vladivostok occurred on the transport on May 4, when one man who had lost the power of speech as a result of shell shock suddenly regained his voice. One of the group is A. W. Chez, for? merly professor of physical training at the University of West Virginia, who went to Austria-Hungary 1n 1915 as a Y. M. C. A. worker and, following America's entry into the wnr, made his i way to Russia and accompanied the Czecho-Slovak army in their campaign in Siberia. Tho soldiers are quartered at the building of the War Camp Community Service at 35 West Twenty-fifth Street To-day or to-morrow Mayor Hylar will officially welcome them to the cittf, ___,_,. ._.,_?.,?,?_, HEADQUARTERS: YOKOHAMA FOUNDED 1856 Chemicals Machinery Metals & General Mdse. MOGI & CO. IMPORTERS & EXPORTERS 291 Broadway, New York Telephone: Worth 1830 Turks Anxious to Trade With U. SL, Asserts Traveller Feeling Is Strong Against Germany, Says Boston j Man; "Y" Secretary Tells of Work in India The Lamport & Holt liner Vauban. which will sail for South America within a few days, booked to capacity, j arrived here yesterday from Liverpool < under charter to the Cunard Line. She carried 259 saloon and 136 second cabin passengers. Among the travellers on board was Charles A. Hanley, of Hanley, Morgan j & Co., of Boston, who is said to be j the first American business man to j enter Constantinople, Greece and Al- ; bania after the signing of the armis? tice. "The business houses and the peo-i pie of Turkey generally," he said, "re- I gret that she ever entered into any national agreements with Germany. Wherever I went in Asia Minor there j was a strong feeling against Germany and a desire to transfer all the busi? ness and general trade that they had had with Germany to American busi? ness houses. The Turk has a high regard for America and Americans, and is anxious that trade relations between Constantinople and ports of the United States be renewed at once. Wherever I went I was treated with great re? spect and courtesy just because I was an American. Food is plentiful in Tur? key. Economic conditions in Greece j are not good, but I saw no evidence j there of distress or general hardship j among the people." Another passenger on the Vauban j was K. C. Paul, national secretary of j the Y. M. C. A. in India, whose head- j quarters are in Calcutta. He said that '? the "Y" had established 175 cooperative ! banks, in small towns as well as in the | larger cities, and that they had saved ! the people from the gouging of money ; lenders, who charged from 4S to 96 j per cent for loans. The people of : India, he said, had been held down by being constantly in debt, from which I they had little or no chance of becom- , ing freed because of the usurious in- ! terest rates. Mr. Paul returned from I India to attend a conference of secre- j taries of the "Y" engaged in foreign ! service. WASHINGTON, June 8.?Railroads ! undo:- Federal control should be re- . quired to return to the government "as rapidly as practicable" $775,000,000 j advanced for improvement and ? ment and reimburse the government for the amounts which will be spent the rest of the calendar year, Director ; General Hines told the House Appro: ? priations Committee last week, accord- ; ing to the record made public to-day. Tax of Non-Residents To Be Held Out of Pay Controller Announces Employ- ! ers' Part in Carrying Out the Income Law Special Corr^sponarnc ALBANY, June 8.?Controller Travis, i who will administer the new state in- ; come tax, announced to-night that . every employer will be required to i keep on file a certificate of residence j of each employe. The employer must j also deduct and withhold from the salaries of his employes who live out? side of the state "a tax of 1 per cent on all sums above $1,000 and not in ex? cess of $10,000, and 2 per cent in ex? cess of that amount. This tax applies not only to salaries but to wages, commissions, gratuities, emoluments, perquisites, or other fixed ! and determinate, annual or periodical ! compensation, earned for personal services in a business, trade, profession or occupation carried on within this state, provided that the withholding agent -employer-has not on- file a certificate that his employe is a resi- i dent of this state, sotting forth such residence. Blanks for this purpose will be sent upon request. Despite the fact that the statute pro? vides for a deduction of 2 per cent of all salaries of non-residents employed within the state the Controller be? lieves that this amount was left in the statute through inadvertence when the bill, which originally provided for a flat tax of 2 per cent, was afterward changed on a graduated scale from 1 to 3 per cent. National City Bank Expanda The National City Bank of New York in Buenos Ay res opened a branch | in Rosario, Argentina, on March 10, ! Rosario is tho second largest city in Argentina, an important railroad cen? tre, and it is the shipping port for a large portion of the republic, * To Holders of Austrian Notes 'Maturing January 1, 1915 The Allen Troperty Custodian announces , that, having received the assent of th? I Austrian Government to the application ; of certain funds In his hands to the re- . demption of 4'?% Austrian Government t Treasury Notes which matured on Jan- ; uary 1. 1015. notice of their claim? I should ha presented to the Alien Prop? erty Custodian by the holders of euch notes on or before July 31, 1919. Foi-ms for presenting ?uch notice of"'. claim rrray be obtained from the Bureau of Law, Allen Property Custodian, Six? teenth and P Streets, Washington. No payment on account of such note? will be made until August 1. 1919. ?????????*????? I China Unable to Check Anli-Japanese Boycott j Movement Spreads to Vladivos- j tok; Retaliatory Trade War Threatened PEKING, June S (By The Associated. ( Press).?The Chinese government is unable to stem the tide of the Japanese boycott movement which is being pushed by the Bchool and college stu- ' dents. The bankers, merchants and workmen in Shanghai, South China, are lending their support to the movement which adds to the agitation. The government decided to release the students arrested several days ago, but the students decline release unless the Chief of Police publicly apologizes for the arrests. Demonstrations in favor of the boy? cott movement continue without re? striction. Leaders are endeavoring to obtain instruction in the manufacture of articles imported from Japan so that they can be manufactured in China. SAX FRANCISCO, June 8.?The anti-Japanese agitation among the Chinese has spread into Vladivostok, according to a cablegram from Tokio. The Chinese merchants at VlaHivo stok, who are dissatisfied with th? terms of settlement of Shangtung. have declared boycott against ail the Ja? panese articles of merchandise. The Chinese merchants at Harbin and Blagoviechinsk have taken similar ac? tion. A curious feature of the present agitation is that the Japanese mer? chants and people residing at those poirfts are about to declare a trade war against the Chinese in retaliation. Forty U. S. Destroyers to Make a Record Voyage The Navy Department has completed plans for the longest "shaking down" trip in the history of the navy. Forty destroyers that are to be put into ac tive service are to have their first voy? age shortly, and a European trip has been planned as the best method of testing out the machinery, engines and boilers. Two destroyers from the New York navy yard, the Edwards and the Lud low, will take part in the cruise. Thirty-eight other craft of this type in navy yards along the Atlantic ara also being put in shape for the test. The trip across the Atlantic will mark a new epoch in maiden trips of American ?warships. It is planned to have the destroyers go as one big fight? ing unit in order that they may man?uver, signal and get acquainted with their sister ships on the way across. Several important, innovations will be tried out. Nearly all of the vessels have just been completed, and as they were built under war conditions it is the desire of navy officials to put them to the severest possible tests. The Navy De? partment wants an accurate lirte on ail destroyers, and particularly desire? to learn how they man?uver on an over? seas journey. Canadians Need Tractors So anxious are the farmers in North?? ern Alberta to overcome the difficultie? occasioned by the shortage of labor that they are buying up tractors as fast as they can get them. One firm alone has sold in this district no fewer than 200 of these machines, for which the farmers in every instance p.uj cash in advance in order to insure early delivery. This enterprise on the part of the farmers is not only helping ?? ', solve the labor difficulty but it also is ! resulting in a gratifying increase in thor. i ' acreage of farm land under caltiratiqa, -