New-York tribune. [volume], February 26, 1920, Page 19, Image 19

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

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gees Danger in
Credit Expansion
And Loss of Gold
James S. Alexander Say?
That Gold Basis Is Be?
coming Inadequate in
View of Credit Conditions
Janiff- & Alexander, president of
. National Bank of Commerce and
.-j^-tor of Uio Federal Reserve Bank
( jCpw York, in a statement made
?abite yesterday on the credit strain,
ciiitendf? that the ratio of the gold
?s<(, te the credit structure of the
?untry is approaching a point that
-. lower than experience shows best
"ye, the credit requirements of the
BE''110- . . ?. . i
i /ifter explaining how the Federal
Reservo system permits a smaller ratio
?han otherwise would he deemed es?
sentiel, the banker points out: "These
?grorovements '??-. the system, of course,
do ?jot mean that the goid ratio can he
reduced indefinitely, nor do they mean
?hat the nature of the credit structure
?nbr ignored. It is my belief that the
situation has reached a condition where
further expansion should, if possible.
be avoided, in view of the non-liquid
eaturc rf ;? large volume of loans to?
day.
Business Men Must Help
"The f;i'I:'-.p gold ratio and the credit
stringency which we see ns a result
are sufficient warning that the time
Jiss conic when this obligation of the
banks must be taken most seriously.
It sh?u d also be realized that th?; re
iponsibiiit) is not solely theirs, and
that to make readjustment complete
?nd fundamental business men must
cooperate bj not detracting credit from
productive employment.
"1 believi that the readjustment of
the present strained credit situation
taust come from this direction and no!
in ar.y effort to ncrease or maintain
our supply of gold at the present vol?
ume as : upporl for more credit than
actual essential business requires. Wo
have moro than cur share now. Europe
end us more, and we muy
of our gold to flow out to
other pari of the world, where the
balance > f trad, is against ?is. In the
ould better our own
a will serve to set up
in the world more solvent and more
ictive customers of this country.''
Saving asserted that the chief cause
o? t?- present strain on the credit
situ?t n is the fact "that the volume
of cred panded until the gold
I basis : becoming inadequate, in view
I o: co- litioi affecting the ?:quidity of
I credit banker emphasized the
I public character of the banks' present
responsibility. Mr. Alexander's state?
ment ?? ? red foi the March issue
o? "' ? Moni a " published by '
-..
"a - the United
States," reachi d a point
when i piven earnest thought
a i ser blic pr blem. Th( banks
of the country,
lefinite public re
El m . ting and using ?oar.s
' ? conditions and special
t. igen ? t exist 1 "-day.
' ?-???? id ual ly, the ;>anks ?
In ex redit are ii heory hand
pn- ? mi ..:. . but ?. iewed i .
.- arc actually making us?
'?? i ? ' : : I n' greatest re
30UVC- . ? ? : . m total of bank
eredis ! country's chief
bu in, s. T.ho, i
?nd ti tal ime o? Io;>.r.s must !
thu to i lectively, if one
ts ? - i trui perspeci ;v<- of : In
i nal
: - and ve
? . ed 3 ' whole
In i -, ? natural re
?nrci I
Lower Kates
of tin basic situation is j
found riously alt< red rat o bc
'?'v'. ' toi tock of gold coin and
a... hi L'i ited States and the
I of oth( r moi ej ; nd bank
" heck. Both oi
an ?? ffic enl insfru
?'? ''.' ? ? i.ause of the un?
shaken ; inexp. ed faitl of th<
' ? ' ig them i nough
-'? "i; ' ??? of all obliga
.;? ,.- them which
.?-'?' '{ . in the course of
"Th< figures for the five years pre
v'r-,-: - ? ' ' ? that our participation
IB the wai to maki itself feit in
'?'?'?' tuation how an average
? ab ?:?? 17 -, ? r cent of the
?c'- ? ? ? '? and deposits sub
? "A o ... ab iu1 J uni 30,
W18, wh ? came after a full ymv of
-;:r ' had nade themselves
f'lt, ! 1.9 per cent. Sim?
ilar figures for June 30, 1919, show it
iown t.- 12.7 per a nt, and on Septem?
ber 1, 1919, it had fallen to U..1 per
"Folio** ?; the beginning of the war
m Euro] ows -i steady and
laP!(l ?' the country's, gold.
?tocks, (i ? . t urope's expanded pur
_~-< ' or which she cou id no;
?"holly pa- by her own commodities
;-1(! ,'v- - therefore, she paid
??"gel* .. gi cl while she had the gold
?vsi-abl nd. r?> to our entry into
lne n?-' therefore, although the vol?
ume of credit materially increased.
: il maintained a fairly
!''"" tghly al Fact< ry re
Ktionship toward the increasing gold
base,
"But on Juni 30, 1918, although the
|old base continued to show some in?
crease, it was at a slower rate. Yet the
ttpansion in credit showed a propor?
tionately greater increase-, ho that the
ratio of gold to credit fell off sharply.
?ht same tendencies remained opera?
te i?: the figures for June, 1919.
Credit Expands; Gold Diminishes
? I n on significant change takes
S'Mein the relationship shewn by the
Cures for September 1, 1919. "Here
ft? goid base has been somewhat un
i?rmined by the stoppage of tin- flow
m gold into the United States from
?*?*r countries and by '-. reverse flow
J B ?' out of this country following
?he removal of our gold export em
"'??'so lasl June. Ni vertheless ?he vol
5?? ? ' credit conti lued to expand.
Thus.wh e the ? ! bs . n ??' smaller
We credit -?-..--? .-: ev -ri ater."
?n sui - e ren Sy Mr, Alex
ii , .
,. ".' b(-:ic\o to-day that it is the pub
'?'? '-> i \ as the private, duty of
!?'?'? '- -, he line most carefully
''?' n oans for essential enterprises
!l,!t! those for non-essential employ?
ment,' and to favor the former class in
-w'ttterest of maintaining the strength
.,^e Beneral business situation,
in case a commercial depression
should c me, if it found the business
itrueture ol the country chiefly en
id-rc-i in necessary enterprises, less
?nous results wou'd follow than if it
?ou!:(j the business orgai ization largely
C!lKa^'(.i? m activities which would be
*?re vulnerable to public rotren?h
"nent."
*?imit on T? adr-? Kcmovecl
From Com Futures Market
Chicago, Kvb. 25.?Hereafter no
IlD1it is to be enforced against the
'-mount which any individua' interest
*>y buy or sell future deliveries in
the corn market in Chicago -or at other
?adirg markets. A rule restricting the
jraount to 200,000 bushels has been in
?jrce since la-t May at the request of
?lie food administration. The cnncel
"tion of this rule, howevjer, do?m not
*cdtfy any of the provisions of the
*??d control law, and, therefore, ail
???Utacts for current month deliveries
g corn will continue to be uubject to
??ot? supen-ision a? heretofore.
Business News
TpHK removal yesterday of the differential discount rato ~oT\ho~Federal Rc
serve Bank on Treasury certificates of indebtedness, compared with that
^r-J?" ?i acceptances, in the opinion of dealers, should have a beneficial
?.?#. #i?n 1t,,c,0?fn bi!1 '??rkot. In making the two rates identical at 5 per
??L- * Koi,orv^ H,u,k has followed out the recommendations of the
American Acceptance Council that the certificate rate should not have prefer?
ence over the acceptance rate.
t,nmel?T1Cr?iftl<rPap0r rates,hold firm at fi1, and S% per cent for the better'
i^t-i ??l offerings continue to be absorbed largely by buving from the
?menor Danks. ?
COTTONS?Buyer? Ready
! To Take Percales Early
i Manufacturers of house and porch
! dresses, aprons, etc., are ready to place
! orders for percales earlier than usual.
' according to selling agents. More in?
terest than usual is being Bhown in
i percales, for the reason that the mar
; Kct, apparently, is experiencing a
; dearth of them. Leading sellers sny
l that new prices for fall will ?ot be
j named before April.
_ Some users of percales expected the
; ialhnjr off in export trade to bring
about lower prices. It has been pointed
, out that much of the export business
in cottons consists of percales. How?
ever, according to selling ?gents, the
foreign demand is for the narrow
goods. 28 and 30 inches wide, whereas
; the bulk of domestic demand is for the
36-inch goods. Also the foods destined
| for foreign markets are printed ill dc
! s-.gns that are not popular in the
domestic field. It is understood that
; some of the poods intended for ex
port have been thrown back on the
market, withoul meeting with much
response from buyers. Other export?
ers or mills doing an export business
direct are holding goods in anticipa?
tion of a rise in exchange rates.
SILKS?Taffetas
Active in Dull Market
An extraordinary demand for taf?
fetas by the retailers and garment
manufacturers is holding prices to a
high figure and even advancing them.
This is an important feature of a mar?
kt which, on the whole, is lowing
extreme dullness and sagging prices,
as far as the Email jobbers Hre con?
cerned.
From early retail experience, the
women of the country t.re showing a
stronger tendency toward taffeta " n
spring wear than ever before. Several
prominent dress manufacturers
serted yesterday that fully 90 per
cent of the early orders foi dresses
placed by apparel retailers are for
taffeta garments. Over-the-counter
distribution of taffeta also is assum?
ing sizeable proportions.
Jobbers' have little ir. the way of
taffetas to offer to their trade. While
prices on other silks, particular^
Georgettes, have been shaded sharply
b; the small jobber.--, taffeta price's
a' ?? reld at higher figures than those
obtaining a month or two ago. Fair
grades of taffeta cannot, be obtained in
the open market, according to buyer
for less than $3 a yard wholes! -
the :<-?? rage price i - close ti : 1 u
yard.
Manufacturers have few taffetas
coming through their nulls. , ? ?'" ?:
is a iiard weaving fabric, jutd the manu?
facturers because of labor troub
their miils, hesitate to push weavi
art difficult to make oi . ? .. .
attention to the loom.
JEWELRY?Arrivals of
Semi-Precious Stones Timely
Recent arrivals from abroad of ?? mi
pri ?ous stones and beads m eded
iii ; he ;: anufact ure of novell y
have brought encouragement to some
branches of the jewelrj industry. For
some time the shortage of colored
sTor.es. both precious and sei ; -
cious, ha I ei n growing more serious.
Several of the leading jewelry manu?
facturers are now abroad combing the
foreign markets for supplies.
Within the last few months local im?
porting houses catering to the wants
Commodities
Cottr-n
The market advanced si rpl sterday
tracts rnal
for the - tsoi . ?? h ?
a Id into new 1.: ?'? : o?i for I'd
: . ? :. Till : ? : , |
? i ? . news itUI
ich was ?n : ??
unsel .. ; . in ; ho -?:??,
hut : he fil ri ngl h of I hi: M ircli ; ??-' ?oi
which did not appear to be ?? : sa ?? ?i
pren n of much under 250 poinl ;
? 1 wil h May, led In ering in
? i. later months, and excepl foi
s attered Southern selling then wen -
paratively few contracts ? " an un I
ne ring. May advancer] ! ? S5.ll, or ?>1
? - net higher, and ?1CI | nts ah ,- ?
; he low l---\ el toui he 1 ??:) ? ' il thi n
That delh cry i losed - - 34.96, witl tin
general list closing steady al a i
-, am ?? c ? 45 -, o 79 points.
'I'll--' market openi d si eady at an nd
\ am i of 5 to 15 points on .
pool buying, covering by Mai -n shorts and
a scattering demand bolii ved -. be fin
trade account Net advam b if aboui
60 to 70 points were followed by :?
:,... reactions during the n Iddlo oi th.
but thi covering moven
: u ? and I he 1" it ? li es wei ? r -ach? -1
? :. ; ? ? - tro ding, -a hen Ma r< h s U
: : 62 and October at 30.1 : 70
point: ' ? hlg he r. Thi i ? ?? wa
i : n the '? si ui
fiei rts l ha? soi a of ; he sni? ?
I ... - count ries, such as Poluu '
Slovakia, o.ro malting nomo progr?s? wltli
menta for financing cotl m - ? ???-.
may posi Ibly ha ve had soi nflu
tho advance. There was als
\.i-rr- and there <>n the prospects
tlon on the peace treaty, but tho bulk ol
th< buying wa? attributed to i iverlng t
Liverpool trad'-" and speculative sborl
owing tr. the ahser.ee of Mi reh l Ices i
other forms of spot pressure.
The local spot markel was steads and
76 pointB higher at 40.10 for
sal? is were reported:
The rango of prices follows:
Tut ? ?
Open 11 ieh Low i "<>t,
March.. 36.S6 37.63 36.85 37.67@3' CO
April.... --. ? . 85.1 0 ;i4.S(
May.... 34.33 39.11 34.25 34.9?@S4.98 34.81
June. . -33.10 r,o
July. . . 311.0;t 32.74 31.98 32.1 : - : 2.65 S2.00
August. 31.80 31 80 31.80 31.70 31.20
-iop. ?. ' 1.0 ? 30.50
i ictober 29 r'9 30.03 29.90 30.1 0 ! 29.8 :
Nov_ .-. 30 10 29.45
Doc... 29.43 30.00 29.41: 29.96@29.93 29.30
Jan. . . 29.20 29.60 29.23 29.65 29.08
Southern spot mm, its ?How: G-al
veston steady, 25 points higher .,< 41.60i
sales, 1.363 bale.? New Url ans, steady
26 points hiiilK r al 40c: ealei . Iv 3 bal
Moblli nominal, 60 points higher at 39<
sales, nil. Savannah firm, unchanged al
39.25c; sales, nil, Charleston quiet un
changed at 39;26c; sales, nil. Augusta
steady, 50 points higher at 39c: sales,
400 bales. Memphis steady, unchang
9c sales, 2,400 bales Si Louis steady,
unchanged al 39.50c; sales, 176 bales
Houston st.-.iiiv, unchanged al ??
2 im 7 bales. Little Rock steady, 50 pointi
I higher al 39.50c; Bales, ,038 bales. Dallas
steady. ? "? points higher >i li.i
:?72 bales, fort Worth steady, unchanged
nt 41 50c; sali s, 550 ball
Cotton Statistics
l'ester- ?Last Last
day. Week. Year.
Port receipts. . 17 079 l6.::'/6 18,i ,
K- ports. ? 0,249 : 1.961
Exports season.4,282,162 4.121 - : '.
S y. stocks... . 4S i52 5 ! ' ... 92.0 -
Port siocks.1,464,323 1 - I 2,7 - 1,31 .1 ? 5
Inter! ?:? receipts 27,1-13 16,171 11,148
Int shipments. . 24.38.6 16,816
N v arrivals. . "? - ' -?'? ; ' ''
Liverpool cables Spot cotton ...:
points decline; middling, 2?.87d Sales,
r 000, Including 4,000 American. Im; li
24 000; American, 19.000 tend? rs, n? ?
. ,,. . .. 1,000 bate l ni un h opei ed
at 2 to 13 points ad\ met. - .. -?
steady at 32 to 43 pomta advance. M ir< h,
S7.59d; May, 26.46d; July, 26.26d: Ootohei
33.46d; December, 22.Gld Manchester
i Tarns, irregular; cloths, quiet and Arm.
Cereals
Wheat?A firniT tone developed in the
market yesterday and at the cloSfl Mil
ne a polla reported an advance of cents
i er bushel, while the ?Southw : i oi ted
even greater gains, li was said demand foi
cash wheat was somewhat more :, :tlve, but
there was nothing In tho flour situation o
encourage hopes <>i' any Increased activity
In the demand for flour at the moment
Reports said however, that Oreat Britain
was buying wheat at the Gulf and sale?
there during the last f'-w day? for export
wt-re estlinated at ubout 600.000 bushel?
Some authorities believe thai as rai a?
tho domestic trade Is concerned eonsun
? ?rs are over stocked with flour and thi
export outlet for surplus stocks Is limited,
l Corn?The feature In the market yoster
dnvs was the removal of the restriction?
1 on operations which recently limited in-ll
I vlduals traders to 200,00o bushWs In the
t
of the Jewelry industry have been ne-j
[ gotiating with foreign dealers for pre-!
war stocks. These negotiations have:
in part been successful. Within the |
last fi w days a good-sized consignment.
of semi-precious stones has been re?
ceived here. Jei und crystal beads, i
which during the war were obtained in
relatively small quantities from Japan
and Italy, are now coming through from
('^echo-Slovakia and Austria. These!
beads wen- never made in large quan
? titles in this country.
Manufacturers of imitation pearls re?
port, that their stocks arc rapidly do
creasing. The supply of essence of
pearl is at a low point, they say, and
although some shipments are coming
from abroad they are not large enough
to supply the demand. Last year one
manufacturer received n consignment
of tins essence from Paris, but it was
comparatively small.
Fl HS? Y? High
Record for Skunk
?Skunk, which a month or two ago
showed more weakness than almost any
? tlicr fur in the trade, came back yes?
terday at the close of the Now York
Fur Auction Sales Corporation's sale
and made a record price of $12.25 a
skin for sixty-one No. 1 long and extra
large pelts. Experienced fur dealers
said they believed that skunk prices
on the whole were- 10 per cent, above
those brought at the sale last October.
Supplies of new catch skunk came
into the market in largo quantities
early in the trapping season, and local
dealers shaded their prices to some
exteni a little over a month ano.
Europe is a large user of American
skunk, but recently -., stronger de?
mand f om the domes tic t rade has
LEATHER--* a?
Shoe Styles Nearly Heculy
Fall sty les of footwear are now reach?
ing the finishing rooms al the various
Brooklyn factories, and salesmen gen?
erally are planning to leave for their
territories. It is understood mat low
cuts v ill predominate in greater pro?
portion than ever before for the fall'
sea on, In high shoes the particular'
feature will be the models carrying a
walking he? i.
Nd really radical departures are ex
pecti Lhi ncv samples as rar as low
shoes are concerned. There will be
i I . ? ? ? ? ? ine of the shoes to ;.
? certain exteni i littb different fox
ings, etc., and 1 e vi mps w !'- bi - hori
ened over those put? oui 1ms; year.
? ? in threi and five eighths and
? ' ' - and : tiree quarter lengths are
sped ed to be t i i popular sellers.
? ,i. anci coni ?nue, but will no
do tbl be ovei b> the end of the month.
\. the; liavi h< Iped to boosl sales
- lean out stocks to n great extent,
.hey wer not as successful as the mer?
chants hoped. High shoos are still
| much in evidence in the retail store.-.
and prices, I i dec?an d either will
--.ave to be cut again, or many dealers
will be fere-'. : to carry over some of
tocl mtil ne>:1 season,
ilanj merchant s have started to foal
;.; ? 1 he new spi n ? -. ? ??. Nothing
: . has made an appearance.
Natural y low shoes are almost ex?
clusive! wi Plain operas, tongui
pumps, one-strap slippers, one-eyelet
in tep ties, oxfords for street wear,
tl c former with military heels and the
latter with covered Louis heels, cross
In ? and tl e short van;)) shoes make
' tit? practically the entire showing.
ig markets As b result of the re?
nd " ?. ; i... ? ?:?<?? r, the : rado In corn
ich brondei and prices were firm
and highei Thi ? - - howed the
, ? itcsi Li s.--'. rig 11 ing ol
taint; i In movement and l ):?? ?
continues t con ma
. ; ? im? T was act ivo buying
iluriri] h d-iy i ?ted to leading opera?
nds who ..--? i i ? ' . ?? ".-"acide i 'oast
.?? whole, ' wan t-vklent thai
to ?. ;.ment with
uni ' ??':.'? and his let
rather i oi the merit
( ? u?i lioi Mai be] i- ? : he ??? .- now
proba! it- o? an- n imulation
.-.-- fter the print .. rk in com
,, . pet, ; : li si anil then ? as ?i ? isp isi
? ? buj the near ?? nd si II the distant ;
months.
Yesterday's Previous Tear
NAi. York: - ,s ' "K?
A . : cllov "I. Co % $1 63 .4 V> ?
? 11 ago:
Man h .. 1.4 3-i 1?:': 1.32H
. 1.35 "? : 3 i S? 1.2C?Ji
<i;,(^ Ai was little nterest iiiui.i
?.? market argel' hi
. ? ? i ri bul wen
- ... . . ? i f selling presan Cash
? . a ere ; light ly higher in the ft esl
thei i .' '? iehi -? < ? ex port ?-?
Y< st rda; 's Previous Year
...
i
Kye Mai
S ... ??? da: a Pi ' ??? ma i ? i
.. . \V( si ? . . A-.. $1.?5 ' I ?
flour and Meal Quotations w< re :
l'est?r a; I Previous Year
- -IV York - i losi close ago
patent %r. A, $13.00 ;. LO .
. - frS.S !.7i -..??'' A '<? . 1.51
f?0U .,... . ,-,| ? . ? -, I, '.. ? oo
.?: I - A 1 ?;.'????' $44.00
Cottonseed Oil
. . . , . . ? ,,..-.. ne.i ' ? ? -. ?
f th day wen 34 to
pulnt! m highei :.trength n
nd . ? I aa v. ell n - in : he gn h
il mon act! .??? buying und,
ivhili . tu . , i on the bulges, uf
, rs v\ ? re - ;-! - absorbed Sentiment :
.-? .: n lit ? moi ?? bul ?- h, ill hough
.,.;? horil ?es wer? iclined i aaci be
i, ? strength l.clinical coi liiions ral hi r
.... i prov "ii en In ; !;? .. ? h
,: i uatlou il a tli ? rudi m< rket Total
tor the day v-ei li rmn h ixrels.
Th rango ol pri -, i I ? llow?:
Tuc-sdaj s
i men High L iw Close Close
' Spot IS."Oiii 1 8.90 18 00
Mar ..IS.36 IK.80 IS.35 18.70? 18.SO 18.12
Ma; 18 .:.: IS.70 i i 25 10 60<?i IS.64 19.26
June MM ? ?? 19.85 19.25
: ,JUlv . .19.60 1 A ?? ! ? 50 18 85(f) 19.86 19.46
Aur . ?- 19 S5@; 0 "ii 19.46
Sepl 9.86tii 20.00 19.36
Sugar and Coffee
Current Year!
pi Ices a go
Suet granulati I, per lb ...1 ?16 T.4.:
Coffi . Rio -.?? V. p' ; iii ... 14"J 1514
i Santo ".- I per lb. . 24 ?
-th' ?sales in th' r -igar market
??<" ??:-,?? ? ? ? ? ! I ? ? ?? '. '-?'! i
dut' ?'.:?-?'> : . ' us and Sa nto Domii
, .. ... i ii
( . ; - : coal and freight.
I lili: COI
Cubas afloat and pi ompt
. R1 '.?'.- i. f., With
; I:: : - for Mai eh yh. pnv i ;
, : ? . ??? 111 . -
,. . ,. || ... ,...,. dull, ' he
- el ? : ? ? I)g lit Uli' hangi d pi lei ; and
(eii.c Futures- I'hi trend of coffee fu
tur' , e gent-rall) upward yester
Thi market d sti ad ?er o ! ?? r re
onl llq lib niioi . ' n i.. . . ..:' : points.
Chi - re i ports (ii March noticed hi d
beci 'i. ' ?? ? ? ,:?? importing
lut - nd I! vi ? 111 ? on?
? ; Harp - ivard tui ns, : hoi ts
verinj logcth.i vltb \* roet anil
trad ? mam Tin A,- losed at ? :
... Ins of 14 to ! ?- linl B, ?onstdi rabie ol
thi .i:. j ' ? bush ess repn s< nted ???,;? hing
operation? -March to latei positions,
The run;-. ot prices folh ?
Tuesda. s
; , 11? ? n Mi?-.!-. Low < . is' ' ?los.
-, i '.:.._ 13.
Mai 13.50 14.10 13.89 14.104/14.12 .
: 1 .??. I ? 11.40 A. ; . ? 14.3s
14.71 & 3 1.72 14.60
? . . 1.87 14.6: M.M>?14.8ti
Sept. 14.MJ ?17: 14.60 ! ' "?'?<? 14.71 14. 19
Nov. - - . 14.'... o i (JA 14.47
| .? .- . . , ? . 1.65 14.50 14.?2S?14.65 14.4
Jan .- - 14.57 ?14.60 14.41
Percy 1!. Savory, who for man) yean
' has been manager ol tho New York office
oi the Wndswonh Watch Case Company,
i has been appointed general sales manager
of that concern. Mr. Savory will continue
! to make his headquarters at th-i New Vont ,
I aalesroom? ol the company,
Stockyard Owners
A Mystery, Colver
Tells Committee
Trade Commissioner Holds
Corporations Engaged in
Interstate Commerce
Should Disclose Secrets
WASHINGTON, Fch. 2r>.--ReHuming
his testimony to-day at tho hearing? of
tho House Agricultural Committee on
legislation for control of tho meat
packing industry, \V. B. Colver, of the
Federal Trade Commission, again sug?
gested laws requiring corporations en?
raged in interstate commerce to dis?
close their real owners.
lie told the committco the trade com
misslon and other government agen?
cies hud been unable to learn the real
ownership of the Chicago stockyards,
which he said was "covered up" by
numerous devices. The yards, he con?
tinued, are owned under certificates in
blank, payable to hearer. Under this
plan, he said, tho decree agreed to by
the Department of .lustice and the
packers by which the latter are to con
tine themselves solely to the meat pack?
ing and produce business might be
evaded.
Laws Declared Inadequate
Questioned regarding the decree, Mr.
Colver said the proceedings had demon?
strated that existing laws were inade?
quate to deal with the industry.
"If the current decree la good or
had, it emphasizes need for legisla?
tion." ho said.
"Since these five packing concerns,"
said Mr. Colver, "declare that in this
decree they gave up their legal rights
(yet 1 see nothing improper in the de?
cree V, if they have consented that the
court shall render judgment not pro?
vided in the law, 1 should say their
competitors and others in the same
situation should by law be placed un?
der the same control."
Warren S. Stone, grand chief of the
Brotherhood of Railroad Engineers,
was presented to the committee before
Commissioner Colver finished, to give a
brief expression of his views.
Stone Favors Supervision
"I'm speaking not no much as a labor
leader as a consumer," Mr. Stone said.
"We have realized for some time that
this climbing spiral of pricey and
wages wasn't getting us anywhere, and
that the thing we liad to do was to
try to get prices down.
"Now, We believe that one of the
things to bring them down would be
government supervision of stockyard
terminais on railroads and railroad
ownership of refrigerators cars, so that
the farmers, stockmen and everybody
could use them on tho same terms
and so that nobody could retain a mo?
nopolistic advantage. That is the pur
nose, 1 believe, of the bill you have be?
fore you."
Trade With Siberia Halted
Capture of Vladivostok by Rev?
olutionaries Holtlti Up Furs
Trade between the United States and
Siberia, which burle fair to run into
the millions, has been suspended as a
result of the capture of Vladivostock
by Social Revolutionaries.
Loca! business interests announced
1 o-day they had requested the State
Department to inquire into the possi?
bility of getting thousands of dollars'
worth of furs which were in Vladi?
vostok awaiting shipment, to the United
States, and also as to when it would
be safe to send to Vladivoytok several
steamships which left San Francis?e
for that destination early this year, but
were diverted to Japan. The vessels
had lurgo quantities of goods destined
for Siberia, mainly textiles.
The State IK-partmc-nt cabled last
Saturday to Consul General Harris at
Vladivostok, but because of the diffi?
culties of communication no reply is
expected for at least two weeks.
Retailers Report Large
Salen of Low-Cut Shoes
!>; ?pite a rather rigorous winter, sale?
oi low cut shoes have exceeded those
of high shoes, or "boots," as they say
in Boston, by a considerable margin in
the last year. In the case of a large
company, with branches in New York,
Brooklyn and Buffalo, the records show
that about 34,000 more pairs of low shoes
were bold than high shoes. The records
also show thai of the twelve months
in only one month did the high shoes
iead in the sale over low cuts. That
month was November, when the con?
cern pushed high shoes hard, and yet
there was only a difference of about
400 pairs between the low and high
shoes, in favor of the latter.
P., U., C. & St. L. Offieers
PHILADELPHIA, Feb. 25.?At the
meeting of the director? of the Pitts?
burgh, Cincinnati, Chicago & St. Louis
Railroad to-day Edward B. Taylor.
Pittsburgh, who retires as vice-pres?
ident tinder the pension regulations on
March 1, in addition withdrew as di?
rector.
D. T. McCabe and Benjamin McKeen,
both of Pittsburgh, also withdrew from
the board. Mr. .McKeen will become
vice-president of the southwestern
region, with headquarters at St. Louis.
Butter, Cheese and Egg9
Butter Receipts were 10,440 packages.
Creamery, higher than extras, lb., 66?
6C>/bc; extras. 92 score 65?6?V4c; tirata, ?-0
to '.'1 score, (;2?G-lV?c; firsts, SU to ?9 score,
68061i , seconds, 83 to 87 ?core, 54067c;
lowei grades, 60063c; hold, higher thai.
extras, i?2062^c; extras, l>1061^c; first?,
55??59c; seconds, 4 s si E- 4r ; unsalted. higher
than extras, 69069 He: extras. 67 ?fisc;
firsts, ?... (Mlr',1-.: seconds, 66060c; state
.' tubs, finest, 63064c; good to.prime,
.. ? common to fair. 46066c: reno?
vated, extras, 54c; firsts, 62063c; Imitation
creamery, firsts, 46047c; ladles, current
mak", firsts, 43044c; seconds. 40V??i41c,
lowi ;,- sues, 38039V?c; packing stock,
eurronl make,, No. 1. 3!>\4?40c; No. 2,
'?HViC; lower grades, 35@38c,
Cheese? Receipt s were 916 boxes. StRte.
vvlioli milk, held flats, specials, 29 V? ?l- Sic ;
.. ? ragu rtfn, 28029c: lower grades, 16?
twins, held, specials, colored or white,
-'? ?, - , average run. 28028 ?-ic; lower
p-rades, 18027c; Wisconsin, whole milk,
twin?, 27 ;i -"?'..- , single daisies, held. 30W
81 He..; double daisies, held. 28V4@31c;
': >ung Americas, 32@>33c; stato skims.
fresh, specials, 17? 18c; primo to choice.
3?lGc; ralr to good, 10012c; lower
i ? i. leg, 4 '(/ 9c.
KggH Rec.t-ip -, won IK,OH cases. Fresh
gathered, extras, dozen, 01062c; extra
lirsts, 59 ??>ifiOi . firsts, 67(8l6Sc; seconds ^nd
poorer, R30f.6c; dirties, No. 1. 51@62o.;
' ??' ks, n.? hoice, drv. 4011)421-: re?
frigi rator, flrnts, ? urges paid, 46? 46c;
seconds : ?- :-i -. under grades, 20038c;
state Pennsylvania and nearby Western,
hennery, w lies, extras, 68e; firsts to ex?
tra firsts, i' .i lie; gathered whites, first;;
? ' ?' < .- r. 4 -.- fi 7. . Western whiten,
,;" '??: ? ai s, 60063c; pullets, 6sif)60c;
? '? ' ? whites, express, extra first?
to extri C ?pi ic; firsts, 62(?i??4c, pullets,
!' ' ? ,'??>?; other Western and
Southern gathered white?. 69068c; state,
I-1 ni ,:.;., Iind nearby, hennery browns,
? '.- ? lc; gathered brown and mixed
colors, extras, ?1062c; firsts to extra f.rsts
Livestock, Meats, Provisions
Yesterday Year ago
eers, fair to
100 lbti.812.0.0@14.76 11.60? 18.26
ie ? -:?i! beef, sides.
.16? .20 .?iv-j?r.is?*,
i i rea !.-, common
- prime. 100 lbs.18.00026.00 14.004? 18.60
i veal, city,
Ib. .280 .36 .24 0 .28
we?, 100 lbs. 8.00@12.00 S.OOS 9.00
' " ' ssed mutton,
?y. ib.180 22 .15? .21
L.I > lambs, fair to
prim?, 100 lbs. .19.00020.60 16.60 01?.60
1 ???-. ad lambs, city,
lb.300 .37 .210 .25
Hogs, 100 lbs.14.600-16.60 18.000
I i ssed hogs, bacon.
lb.22S0.2:m .24H0.24S,
Mess beef, bbl_10.00018.00 31.00032.00
Mess pork, bbl-42.00043.00 62.000 -.
Lard, Middle West.
100 lbs.30.40080.60 27.10037.20
Bu
y er s
Fairchild Servie*
AKRON. Ohio?-M. O'Neill Co.; Mr. ONalll.
ArrlJmS&?J7 West Twenty-sixth Street.
Al.l.BNTOWN, Pa.?G. J. Ritter Co,| G.
.,''? RlUer. millinery; Breslin.
AMI any?XV. M. Whitney Co.; A. Palmer,
floor covering?; J. Myers, representative;
n 33 Broadway.
Al.HUQURRQUE, N. M. ? Rosonwald '
? ./'i*' LK- -s"- Rosenwald, ready to wear-,
1150 Broadway; Biggins.
ATLANTA?Brown, Hayes ft Co.; W. B.
Hayes, cotton dresses; 212 Fifth Avenuei
A 1 HENS, Oa.?8. J. Boloy Co.; L. Morris,
furnishing goods and cotton piece goods;
Pennsylvania,
HAI.TIMOKB-Stewart's; Mr. Reed, rugs,
??urpets, linoleums, draperies; 3 West
Thirty-seventh Street; Assoc. Dry Good?
BALTIMORE) ? O. Schmidt, upholstery,
??te. ; Woodward.
BALTIMORE-Polan, K.aU ? Co.; C.
Kats. general mdse.; 1270 Broadway.
HA LTJMORfiS?American Whol-sale Corp.;
?. Mulllken, toilet goods and notions;
"5 * Fourth Avenxi".
BALTIMORE ?? Muae ft Kemp?r; .1.
Kemper. handkerchiefs, neckwear, etc.;
Pennsylvania.
Baltimore?Hecht Bros. & co. ; 1?. b.
Manns, floor coverings: Tho Annex.
BALTIMORE?American Cloak and Suit
'u ; S. Grcnnhood, coats, suits; McAlpln.
BALTIMORE?-Pioneer Cloak Mfg. Co.; P.
Dupkln, cloaks, suits; Walllck.
BALTIMORE?Samet'B Specialty Shop; M.
Samet, ready to wear; Pennsylvania.
BALTIMORE--!!. Hchwufttman, ready to
Wear, milliner}; Pennsylvania.
BALTIMORE?Style Shop; M. II. Gold?
stein, ready to wear; Aberdeen.
BALTIMORE?Joel Qutman ft Co.: A. ,r.
WilUr. linens, domestics; 200 Fifth Ave?
nue, room ?IB.
BALTIMORE?L, Lowenthal ft Bonn; H.
Lowenthal, women's ready to wear; The
Annex.
BALTIMORE?The Maryland Co. (rnfr?.
overalls, shirts); H. E. Weinberg, cotton
goods; Breslin.
BALTIMORE?Snow-McAslan Co.; C. H.
Snow, millinery; 579 Broadway.
BALTIMORE- -Monarch Waist Co.; Jay
Bank, novelties, silk waists, tricolette;
Pennsylvania.
BALTIMORE?M. Benwitt, women'? wear;
Pennsylvania,
BALTHliiRE?H. Weinberg, piece goods:
Breslin.
BESSEMER. Ala.?II. Goldberg, dry goods;
Ms rlbr.ro ugh.
BESSEMER, Ala.?Erlich & Lefltovlt-; 8.
Brlich, dry poods arid general merchan?
dise; Murborough.
BIRMINGHAM, Ala. ? Markstein Bros.
Millinery Co.; S. Felhelmer, Bilks, vel?
vets, ribbons; F,70 Broadway.
BLAIRSVILLB. Pa.?B. Goldfarb, furnish?
ing goods; Herald Square.
BOOALUSA, La.?M. Strug, clothing and
piece goods; Grand.
BOSTON?E. Bryan ft Co., P. R. Sullivan.
general men-handlse ; Murray Hill.
BOSTON?Knnyon ft Suits; V. L. Kenyon,
interior decorating, furnishings; Man
hnttan.
BOSTON?H. Lewis, dry goods; Alcatsar.
BOSTON -E. Kein Co.; E. Kein, coat." and
stiitis Breslin.
BOSTON?R. U. White Co.; Mr. Shannon,
dress goods, linens; Miss Murphy,
dresses; Miss Fitzgerald, suits; Mr. Marl,
dress goods, lining-*; 422 Fourth Avenue.
BOSTON?-Ollchrist Co. (up ?talrs); Mis.?
Mlnehan, girls'. Juniors.' white dresses,
skirts, mlddlos (basement); Miss Rice,
women's, children's hosier;.', knit under?
wear; Mr. Cohen. Jobs fall coats; 200
Fifth Avenue.
BOSTON?Mftgrano-Houston Co.; Misa M.
Carroll, millinery; Manhattan.
BOSTON?O'Gorman, Wade & Powerfl Co.;
J. O'Oorman, m 1rs. children's dr^sseu;
Broztell.
BRIDGEPORT, Conn. ? Howland Dry
Goods Co ; E. .1. Godfrey, Bilks, tir?.-.^
goods; 404 Fourth Avenue.
BRISTOL, Va.?H. Taylor, ready to wear;
Aberdeen
BUFFALO?Kipp ft Walte; George Walte,
haiidk.-rchlefH and neckwear; Broy.teL.
BUFFALO - Wm. Hengerer Co.: R. V.
Swanz, upholstery, draperies, lace cur?
tains; 2 West Thirty-seventh Streot; As?
sociated Dry Goods Co.
BUFFALO?I. A. Anderson, men's, boys'
clothing; 2 West Thirty-seventh Street,
top floor.
BURLTNOTON, Vf.?Miss M. E. Brady.
millinery; Biozteil.
CALHOCJN CITY, Miss.?.7. Bolnnd, dry
goods and general merchandise; Navarre.
CANTON, Ohio -Ball Tailoring Co.; E. 8
Ball, merchant tailor; Pennsylvania.
("ANTON, Ohio?M. Conley, dry goods and
general mdse. ; Grand.
CHARLESTON, S. C.?L. Horowlta Co.; L.
Horowitz, dry goods and clothing; Broad?
way Central.
CHARLESTON, 8. C.?M. Lirhtensteln.
dry goods, , lothing and shoes; Broad?
way '.'entrai.
CHICAGO ? C. / E. Johnson, dry goods,
etc. ; Woodward.
CHICAGO?H. TaUBtg, furniture, etc.;
Pennsylvania.
CHICAGO?The Fair; S. J. Natkin, china,
glassware; 226 Fourth Avenue.
CHICAGO?A. Sellker. notions; Elks Club.
CHICAGO?L. Levitan Co.: I- x-?l*?n, sw?n
i-rai in*rrhtiniitHi.'; ;nreslln.
CHICAGO ? Montgomery, Ward ft Co ;
Henry Plwapjle, means fur lined coats;
309 Sixth Avenue.
CHICAGO?Marshall Field H Miss W. Nel?
son, untrimmed millinery; Miss H. Dug
San, muslin underwear, aprons; Mrs. M.
Brown comets, accessories; Miss C, Car
Keth, children's sweaters, underwear: A.
Steinberg, wholesale; H. C. Busscy, white
goods; 1107 Broadway.
CHICAGO?-J. V. Farwel! Co.; L. B. I?*h
man, fabric, leather goods, mittens; 72
Leonard Street; Park Avenue,.
CHICAGO?Iseman Mfg Co.; R. Iseman.
children's dresses, coats, piece goods; IS
M'est Thlrtv-third Street.
CHICAGO?United Merchandise Corp.;
i has. 1). Duum. dolls, Infants' flannellctte
bathrobes, kimonos, ivory goods, bras?
sieres, sweaters, silk underwear, novelties
of all kinds; Pennsylvania; In New YorK
from February 26 to March 8.
CHICAGO?The Fair; H. A. Levy, base
ment jobs suits, children's coats, white
dresses; 225 Fourth Avenue.
CINCINNATI--Fair Store; J. O. Jutt,
linens; Miss A. Flynn, Jewelry, silver?
ware, leather goods, toilet goods; H.
Alexander, cotton piece goode; 23 East
Twenty-sixth Street.
CINCINNATI?H. Cnger it Co. Vax ?>-??
berger, trimmings and braids; Aber?
deen.
CINCINNATI?John Shlllito Co.; F. B.
Woodward, gloves and men's furr.lsh
ina-M 432 Fourth Avenue.
CINCINNATI?J. Shlllito Co.; P. L. Mand
love, Miss H. Cooke, Miss K. Bange,
reiulv to wear; 432 Fourth Avenue.
CINCINNATI?Bailey Co.; Mr. Kaplan.
suits; Miss I,?sher, furs; 27 West Twen?
ty-sixth Street; T,ev!s.
CLEVELAND?Browning King ft Co.; T.
J Wise, boys', children's clothing; 16
< ooper Square
CLEVELAND?Strauss Bros. Co.; Miss
Mary Holden, waists, underwear; Great
Northern.
COLUMBUS, Texas?J. Hamburger ft Son;
Mr. Hamburger, ready to wear; 35 West
Thirty-third Street; Lichtenstein.
DALLAS. Tex. ? Miss C Walker, dress
goods, trimmings; Pennsylvania.
DANVILLE, Ya. ? A. Scarce. general
mdse. ; Gregorian.
DAYTON?Louis Traxlcr Co.; R. A. Staley,
rugs, draperies; 11G West Thirty-second
Street; A. Fantl.
DETROIT.J. L. Hudson Co ; E. Jamleson,
boys' wash suits, 225 Fifth Avenue;
Assoc. Mdsg Co.
DETROIT?J. L. Hudson Co.; John J.
Rlley, underwear; 226 Fifth Avenue.
DETROIT?Kline's; Mr. Rosenhelm, skirts;
40-1 Fourth Avenue.
DETROIT?-A. Suffrln, piece goods; Wal
llck.
DETROIT?f. Jackson, shoes; Aberdeen.
DETROIT?Du Harry Blouse Shop; Miss F.
Goldsmith. and Miss R. Goldsmith,
blouse?, underwear; Knickerbocker.
DETROIT?Nowcomb Endlcott Co.; J. G.
Scott, domestics, llntns; 200 Fifth Ave?
nue.
DETROIT?J. C. Basse Co.; J. Ziegler.
millinery; Grnnd.
Dl'Bl'Ql'?, Iowa?Roshek Bros.; F. H.
Roshek, 3obn silk, serge dresses; 1133
Br .a "way. rom 723.
DURHAM, N. C.?F. Smith, furniture
Pennsylvania.
BAST?N, l'a -William Laubach 4- Sons
J. II. Sisman, coats and suits, waists
-", ' id-u. Square.
EASTPORT, Me. ? S. H. Kramer, dry
goods, Grand
ELMIRA, N. Y -?S. F. Izard Co.; H. G.
Chamberlain, carpeta furniture, toys;
'1 ' ?? A Ml, v.
ELIZABETH CITY. N. C.?E. Stevens,
dry goods, notions, etc.; Alca ar.
ELWOOD CITY. Pa.?G, L, Reynold, dry
goods and general merchandise; Ht raid
ELMIRA* N, T.?S. S. iB.'o.-d Co ; H. Y,
Iszai'd rend}- to wear, In .r.'.s wear,
,.- ?? ? ;-, inderwear, corset? valsts 104
:?'-? . ;h A> emit-.
PAYK ,.. , '. -i ? '??> C?II ^efkowit 7,
j. xveii j Orsn I.
FREDERICKSBI KG. Vi. ? T. N. Brent
Cu T N. Brent, dry good? and irenera!
mdse Colllngwood,
FRONT BOYAL. Va. ? W. L. Scheuer,
clothing and shoes. Marlhorough,
GAD8DBN Ala-?**? A. Duncan Co.; Mrs.
F. Dunoan, clothing, millinery, etc.;
Pennsylvania.
GOl DoBOKO. ?'' C?H. Weil ft Br?.; L
Weif, ready to wear; 4 4 East Twenty
thirl Street.
HAMILTON, Ont,?Thos. C. Watlclns. Ltd, :
A lutes furniture, curtains, draperies,
i nr.k-tn 23 East Twenty-sixth Street.
HARRISBURO, Pa? R Gerstn-r Co.; R.
Gersuiei. furs; Grano.
HAHRISBURG, Pa?Dives, Pomeroy ft
t-t A J Kline, housefurnlsnlng?,
M0 Fifth Avenu?; Walllck.
r a'rRISBI'RO, Pa. ? Dives, Pomeroj
Stewart; Mr. Kline, toys; 230 Fifth .
ft
Ave?
nue ? ovil. Trdg. Co.
?arTFORD?Sage Allen Co.; D. B.
Kraus*, silks; E. E. BrOaM. coaU, 0Mif,
i ^04 Fourth Arenu*.
i IIOl'STON, Tex.?Lavy Broa; Mr. Roth
Arrived
nehlld, ready to wear: HBO Broadway;
iino- /?. r <iii>ntbal. . ?,
HIGHTSTOWN, N. J.-?F. F. flchoen, mil?
linery ; Aberdeen. _, _ ?? .
HURON, 8. D?The Fleming D. O., COG
T. P. Fleming, dry goods and notions,
Pennsylvania. , _ _ . _ _ ..
INDIANPOLIB?Goldstein Bros.. ?????>"
?teln. women's, ml?.?""' ?uita',..w* " !'
muslin underwear, corsets, infants wear.
children's. Juniors' wear, boy? clothing, ?
404 Fourth Avenue. 7th floor.
INVERNESS. Miss.?Balrd & Colo. K. v?.
Cot?, general mdse. ; Pennsylvania.
KANSAS CITY, Mo?-Paul Kessel Co., i
Paul KesHPl, millinery: Alcazar. ;
KEYHER. W. Va.?H. O. Wilton ro.: H.
C?. Wilson, dry goods, notions; 1 ennryi
vanla. _._
KEYBER, W. Va.?M. Kaplan, women s <
wear; Herald Square. . :
J. a. Rrlscoe. domestics: 72 Leonara .
KNOXVILLE, Tonn.?Samuel Brlacoo Co.,
Street. ? _
LANCASTER, Pa.?Donovun Co.; H. Q.
Frank, clothing; 116 Vest Thirty-second;
Street, room 1410. _ ?
'LANCASTER, Pa? Hager A. Bro.; P- c
Maaterson, toilet goods, gloves, handker?
chief?, leather goods, halaga; 404 Fourth
Avenue, Btn floor. '
LOS ANGELES?N. B. Blackstone Co.; Mr. :
Bartlett, general mdse.; 225 Fifth Ave- ]
tiue. i
LOUISVILLE?Bon Ton Cloak A Suit Co.: ;
J. Oreenstein. ready to wear; 1270
Broadway; S. Macrae.
, LOUISVILLE?A. C. OttUtt, rugs, drap?
eries, uro curtains; Broztell. ? i
LOUISVILLE?K. Levin, clothing; Broad- '
, WHj- Central.
LOUISVILLE?Z. Offutt, floor <-0verings;
Broztoll. I
! LOWELL, Maas.?Ron March? I?. O: Co.; :
Miss R. Anderson, ribbons; The Annex.
I LYNCHBURO. Va.?Choatham Clothing
, Co.; U. O. Bailey, clothtng, furnishings;
The Ann??.
LYNCHBURO Va.?J. X. McIIonr--. cloth- ;
Ing; The Annex. ?
I MANCHESTER ? R. Codalrc & Co.; R. j
; Codalre, millinery; Breslln.
? MEMPHIS?Bry Block Mercantile Co.; A.
Moser, china, house furnishing?, toys; j
862 Fourth Avenue.
? MERIDIAN, MlSB.?D. Rosenbaum & Sens; ;
Mr. Roscnbaum. general marchandise;
' :;7 West Twenty-eighth Street.
MIDDLETOWN, Conn.?J. H. Bunco Co.; I
C. W. Cramer, cloaks, suits, waists, cor- i
cet?, muslin underwear, dress, wash j
goods: 404 Fourth Avenue.
MINNEAPOLIS ? D. Oerstol, women's;
wear; Aberdeen.
: MONROE. La.?Monroe Dry Goods Co.; L. j
i'asparl, dry goods; 43 Leonard Street,
i MONTREAL, Ganada?C. Schacher Co.; !
Charles Schacher, furs; Breslln.
'MONTREAL- .1. \V. Davis, millinery
goods: Breslln.
MONTREAL?-Hodgson, Summer A f>.; ?
O, Lofebvre, hosiery: The Annex.
i MURPHY, N. C.?G. Chandler, dry good?; ;
Aberdoen.
i MOUNT PLEASANT, Tenu?A. Rosen- .
berg, dry goods and general mdee. ;
?'.roadway Central.
NASHVILLE?L. Jonas & Co.; A. Jonas, j
hats; 570 Broadway.
I NEW HAVEN?Shartenberg A Robinson; j
' Miss R. Rosenberg,, e.otton underwear, ;
corsets, Infants' wear, kimonos; 404]
Fourth Avenue.
NEW HAVEN?Gamble-Def-mond Co.! F.
J. Stanley, notions; 212 Fifth Avenuo;
Alcazar.
NEW HAVEN ? J. Press Co.; J. Press.
woolen piece goods; P.'.rk Avenue.
NEW HAVEN?Rapaport & Tucker; Mr.
Rapaport, woolen plcco goods; Park j
Avenu?.
NEWPORT NEWS, Va.?Mrs. A. Levin?, I
general mdse.; HeraM Square. I
NEW PHILADELPHIA. Ohio? S. Davi- .
dorf. women's wear; Aberdeen.
NOGALES, Ariz. ? La Ville, do Paris; j
Charles Dumazort and Mrs. Charlea Du- ;
mazert, readv to wear; 1182 Broadway; i
? J. Mittenthal.
NORFOLK, Va.?The Sanderlin Co.; G. S. j
Kubenstein, coats, suit? furs, waists, ;
millinery; 1170 Broadway; Hermitage.
OGDBN, t'tah?S. J. Hurt & Pre.; W. L.
Hurt, ready to wear; Th? .Annex.
'OKLAHOMA CITY-?J. L. McCarthy Mer- I
i eantile Co.; .7. Hudson, general merchan?
dise; The Annex.
OKLAHOMA CITY?Rore.baugh-Brown Pry
Goods <'o.; W. A. Webb, notions, hosiery,
underwear, ribbons, handkerchiefs, men's
neckear; 44 East Twenty-third Street,
\ room 50S.
OXFORD, N. C.?The Long Co.; J. 8.
King, ready to wear; 11S2 Broadway,
care Valentine A Straus.
PAWTUCKBT, R. I.?Shartenberg ?- Rob?
inson; C. H. Clark, women's coats, suits,
waists, wrappers; 404 Fourth Avenue;
Broztell.
i PEOR?A. 111. ? W. Gilrain, clothing:
i Breslln.
i PHILADELPHIA-- E. Frank, carpets, iur
l niture; The Annex.
?PHILADELPHIA?Lit Bros.: W. TL Mur
i phy, shoes; 1201 Broadway, Grand.
PHILADELPHIA ?Moakovitz A Teltel
j baum; S. I. Rose, dresses; 1270 Broad?
way, room 709.
PHILADELPHIA?J. T. M?nchen A Co.:
.1. T. M?nchen, mfrs. children's, infants'
head wear tirand.
PHILADELPHIA ?Haber-Wels? Co.; L.
. M. ?.Veles, mu-?. ?Ilk, cotton waists, 1261
i Broadway.
I PHILADELPHIA?John Wanamakv: J.
; H. Bunting, domestics. dress good?;
Broadway and Tenth Street.
I PHILADELPHIA ?Largeman B'??., .1.
I.argeman. mfrs. men's neckwear; 200
Fifth Avenu?.
PHILADELPHIA?Reis A Smith Mfg. Co.;
Max Smith, mohair silks; Pcnnsvlvanla.
| PHILADELPHIA ?Blauner's; Misa Kar?
man. .?.Ilk, muslin underwear: H. Blau
; r.-r, spring coats; lit. West Thirty-sec?
ond Street, A. Fantl.
| PHILADELPHIA ?Mme. Socket Shop;
j Mme. Socket, gowns, millinery, lingerie;
Pennsylvania.
j PHILADELPHIA?Georg-? Kelly Store; J.
Ward, upholstery and drapery; Long
j acre.
'PHILADELPHIA ? Gimbel Bros.: Miss
MoTlgue, cotton mtdsummer dresses;
Broadway and Thirty-second Street.
PHILADELPHIA-- Schor Specialty Shop:
Mr. Seher, ready to wear; 1204' Broad?
way, room 400.
PHILADELPHIA?Corrsln's Fashion Shop;
T. W. Shaw, waists and dresses; 3170
Broadway.
PHILADELPHIA ? Lit Bros.; Charles
Sternbt-rger, general mdse.; 1261 Broad?
way.
: PHILADELPHIA?A. M. Krasnoff, woolen
piece poods: Breslln
? PHILADELPHIA?J. Zerrer, piece goods;
Herald Simare.
I PHILADELPHIA?!.. Benjamin, furnlsh
I Ing goods; '?rand.
'MTTSBl'KGH ? T. Seiner, women's wear:
Herald Square,
i PITTSBURGH?J. Goldman, m?n's cloth?
ing and furnishings; Grand.
PITTSBURGH?Lewln Nelman To; Miss
O'Brien, skirts, children's whit? gi-ir
g?tte dresses; 1160 Broadway; S. Solo
: mon.
j PITTSBURGH?Hoggs A Buhl; Miss A.
Adair, notions. Miss Deorge, leather
; goods; Mr Graham, upholstery; 1140
Broadway.
PITTSBURGH ? McCreery Co.; * R. C.
Clark, millinery; Miss L. Hanson,
waists, petticoats; D. Minogue, gloves.
? hosiery; 23 East Twenty-sixth Street;
W. T. Knott.
I PITTSBURGH -R. Half, carpets, rugs,
eu . ; Pennsylvania.
PITTSBURGH Frank A Seder; J W.
Frank, waists, underwear, etc : 364 Fifth
I Avenue.
i PITTSBURGH?Lewin. Nelman Co.; Mr.
Koch, furs; Pennsylvania.
PITTSBURGH?J. A. McNally A Son; C.
M. McNally, woolens, 200 Flf'h Avenue,
George Mabbet A Sons.
PITTSBURGH?Kaufman, Baer; Miss M.
Hube, millinery; 404 Fourth Avenue,
12th floor.
PITTSBURGH?Roscnbaum Co.; Miss R
; Schwartz, laces; 116 West Thirty-second
i Street. '4th Moor.
?' PITT3HVRGH ? Kaufman Dept. Store,
Mrs. T. L. Hale, ar.t embroideries, 1261
Broadway.
PITT8B KGH?Kaufman A Baer; L. Fer
ber. millinery; C. H. Churchill, carpets
?T. Reynold?; Mr. Hess, linens, domestics
S. M, Kordon, basement joba women's,
children s nderm :-::ns rhl'rtrcn'a coats
Irey.t s 404 Foerth Avenue.
PONTIAC. Mich.? G. J. Rapaport, cloth
j in" ; Herald Square.
PORTLAND, Mo.-E, Markaon, clothing;
Grand.
'if ii.'LAND, V.A. A. Toohey; C. F.
Manntnc representing Imr-orla;.
? PROVIDENCE?I. Fain, dry goods; Brea.
? PROVIDENCE?M. Kat'?. millinery goods;
v allick.
PROVIDENCE?-Callender", Mi-Auslnn A
Troup; )i. G Twitctti 11, china, silver?
ware, house furnishings; 230 Fifth Ave?
nue
?????; I ENCE - ? Callendei McAuslan
cu-ti!".' 220 Fifth Avenue, ISth floor
REaa:'- Ha.-bold, Schloil ?- Co.; VV. B.
. ' <> . Ya -Miller &.-. Rhos s \V. S.
Knlshi y, art needlework; i . Fourth
vei, ? 'in floor.
RICHMOND, Va.?M. Shipper, millinery
goods Cumberland.
P.tTTMAN Ohio?M. Spade, dry goods'
and general mdse ; !!? raid Square.
ROCHESTER- Sibl<-y, Llndi y t.- Curr; K. '
C. Townaon, stationery. 4;-.: Fourth Ave- ;
nue.
ROCHESTER. N. Y.?L. Olson, women's ?
wear, Breslln.
ROCHES 1'ER ? Steln-BIoch Co.: c T.
Ktott. piece goods; 'Ou Fltth Avenue,
roo m -. ?' ?t
ROCK HILL, S. C?A, Frledheim & Bro.; |
A. Frledheim. dry goods and general
m lse ; Aberdeen.
ROCK HILL. S. C.?A. Frledheim A Bro.;
A. Frledheim, general merchandise; The:
Annex.
SALEM. Masn.?W. G. Webber A Co.; R. |
E. Mansfield, silks, velvets, cloaks, suits.
furs, waist ?; 404 Fourth Avanue, ?-.h !
floor.
SAN FRANCISCO ? L. Samter A Sons, i
mfrj. men's neckwear; S. L. SRmter, ]
silks; 4 West Twonty-seooad Street;
Gforge Nelll.
SAVANNAH ? Walker-Burke Co. ? R I
Wulk-r, furniture; Pennsylvania.
ry
msti^.
DERBY STYLISH STOUTS
Now Made in Voiles
Excellent quality French Voile, made with the
same specialized skill as our silk blouses, and fitting
the full figure to perfection. A wide style range,
and prices from $3 to $6.
immediate Deliveries. 40 W. 32nd St., N. Y.
STAUNTON, Va.?R. Blakeman. general
mdse.i Bresiin
SCRANT?N, Pa.?Schwarte Br03. : N. |
Schwartz, dry goods and notions; Broad?
way "Central.
SEATTLE?MeDougall * South wick: M A. |
Kelley, lamps, china, glassware, 23 Earn
Twcnty-sixfh Street. _
SI8TEB.SVILLE, W. \a. ? Werthelmer,
Sun? & Co.; I'. Werthelmer, clothing,
furnishings; The Annes
SOUTH BOSTON. Va?S. F. Gilliland Co.;
Mr Gilliland, ready to wear; 26 West
Thirty-third Street; Milton Llchtenateln.
SPRINGFIELD. Mass.-Chas. Hall. Mis:'
R. B. Hail, sterling silverware; The Ar?
ne^._., ,, .
ST. LOUIS?Stlx. Bac- ft Fu'ler; Mr. Joel
and Mr. Oold. linens, flannels; 101
Broadway. ....
ST LOUIS? Levls-Zukonki Merc. ? '? .
Ralph GoldstlcV:er, millinery; 303 Filth
Avenue. i
ST LOUIS?STUgg-i. Vandervoorr A- liar
nev" Miss C M. Beleck, muslin under?
wear; Miss H. Tleman. infants' -wear;
i'ily Fifth Avenue; Associated Merchan?
dising-Corporation. _ ?
SYRACUSE --Neal ft Hyde; II. P.. Hal!.,
notions; 72 Leonard Street, I
TEXARKANA, Ark.?Lb Coske Sons it;
Co.' Mr. La Coske. gen. ral merchan?
dise; S7 East Twenty-eighth Street.
TOLEDO?F. Dreyfus, clothing and fur-:
niahlngs; Broadway Central.
TOLEDO?La Salle A.- Koch; H. O'C '.:
suits; 225 Fifth Avenue.
TORONTO ? Murray-Kay. Ltd . R. H.
Scon, domestics, blankets, white goods;
Pennsylvania.
TROY. N. Y.?M. Lurie ft Co.; Mr. Van
dernoort, ready to wear: 37 Went Twen?
ty-sixth Street; 7th floor.
TROY, N- Y.?The Up-to-Date Store; I. !..
Kaufman, ready to wear; The Annex.
UNIONTOWN, Pa.?Krleger's Undersell?
ing Store; Joseph Aarons, women's, chil?
dren's ready to wear, apparel for bar?
gain basement ; 38 Wes! Twenty-sixth
Street; In Tuesday and Wednesday.
VANCOUVER, It. C?Hudson T'.ay Co.; TV
M. Clarke, gloves, ribbons, hosiery, um?
brellas, parasols, leather goods, j- welrj
220 Fifth Avenue, room 1411.
VICKSBURG, Miss. -Boch, Flschel <v Co ;
Mr. Bloch, general merchandise; 37 East
Twenty-eighth Street.
WALDEN, N. Y._W. D. Fairchild, auto
goods; Alcazar.
WASHINGTON?-S. Kann Sons & Co.; H.
H. Miller, draper!--*, upholstery, floor
coverings; 43;: Fourth Avenue.
WASHINGTON?S. H. Berman's Four
teenth Street Store; S. H. B(
men's, women'B, children's clothing, fui
nishlr.g goods; Herald S.iuar--.
WASHINGTON?S. Kann Sons ft Co.\ 3.
II. Boyce, domestics, flannels, blankets,
wbbIi goods; 4:12 Fourth Avenuo, 13th
WASHINGTON?Kafka's: Mrs. J Kafka,
children's, Infants' garments, millinery;
117S Broadway, 4th floor.
WASHINGTON?Cohen, art goods, pic?
tures: York.
WASHINGTON?C. 11. Cecil ? Co.; C. H.
Cecil, cotton and woolert piece goods;
Grand.
WASHINGTON?Palais Hoya, ; C. 1" Wer?
ner, knit goods, notions; CJO Fifth Ave?
nue.
Washington-Sporkln & Greenberg: S.
Greenberg, ready to wear; 15 Ea*t
Twenty-sixth Street.
WATERBURY. Conn.?C. Sigal, mllllnerj
goods; Walllck.
WATERLOO, Iowa ? James Black Dry
Goods Co.; W. M. Rlckert. books, drugs;
Hermitage.
WICHITA. Kan.?Walker Bros. D. G. Co.;
I>. V. Walker, dry goods, notions, wom?
en's garments; Pennsylvania.
WICHITA. Kan.- Rorabaugh D. G. Co.;
T. O. Harris, drug sundries, stationery,
ladles', children's underwear, silk, kr.lt
and muslin; hosiery, lad!'?, neckwear
handkerchiefs, art needlework; Com?
modore, room HIGH.
! WILKES-BARRE, Pa.?Best Underwear
Co.; Wolfe Harris, muslin underwear;
! Brenlin.
I WORCESTER, Mass.?Barnard, Sumner ft
Purman: Charles Heller, cloaks, suits,
furs; 404 Fourth Avenue.
WORCESTER, Mats.?J. H. Powers C
J. H. Powers, waists; The Annex.
WORCESTER. Mass. ? Denholm ft McKay;
Miss Walters, ready to wear; 230 Fifth
?Vvenue, 18th floor.
XENIA, Ohio ? I. Friedman. various,
I Broatell.
i Yol'.K. Pa.?M. Williams, dry goods, no?
tions; i ; rand.
I YOUNGSTOWN, Ohio^-Youngatown 1 >. G.
! ('.-..; C. E. Wlrchlng; hosiery, underwear;
~Z Leonard Street.
i YOUNGSTOWN. Ohio?George L. Fordyce.
! Co.; E. E. Moore, ready to wear 0 B
j Jimer,, ir..-n's furnishings; Mrs C. Ebt-r
hardt, coat.?, suits; 404 Fourth Avenue
Buyers Coming
?BALTIMORE- Meyer Cloak and Dress Co .
Inc.; Mr. Meyer, fall Une of coats;
Pennsylvania; i? expected February 27.
COLUMBUS, Ohio? Mqrehouse ? Martens
Co.; Mr.-. A. Ayers, -.vaist-: ]>. Centner,
upholstery and draperies; Mrs. '.'.'. Don?
aldson, millinery; Miss M. Donovan,
leather poods, gloves, hosiery; Mra. M.
Eitel, corsets and brassle es; J. A
Grimes, dresses, coate and suits, wais:.--.
furs; T. J. McAuley, notions, toilet g.Ib,
men's furnishings; Mis-- M Mackay.
kimonos. negligees, bathrobes; John
i Richtern, woolen piece poods; Mrs. J.
Rumbergcr, handkerchiefs and neck?
wear; Paul Springer, blanketr and ( im
forts; Miss M. Tracy, silks, satins and
velvets; V. C, Wene, shoes; \V E. W"liar
ton, floor coverings, ruga and carpels;
leave this week for New York City; 6
West Thirty-second Street,
IDES MOINES?N. L. Goldstone, Inc.; M.
Outman, dry goods, notions, furnishlnsn;
Prince George; is expected February 29
March 1, 2, 3 to 4.
LOS ANGLES?Broadway Dept. Store; II.
W, Menard. window decorator; Prince
? George, left for Now York February 23.
Pricei? of Gems Stable
Throughout the World
Loading jewelers in all parts of the
country are taking advantage of pres?
ent economic conditions throughout the
world to call the attention of the pub?
lic to the stable value of gems, particu?
larly diamond?. They are showing that,
though the currencies of various coun?
tries are fluctuating in value, from time
to time, the value of diamonds all over
the world has he-en nearly uniform.
What is more, these gems have gone
steadily upward in price, nnd, though
the value of currency may go down, the
value of the diamond in North Amer?
ica, South America, Europe or any?
where else, is approximately the same.
Stress i? laid on the argument that,
th ugh ?ecurities of various kinds may
be worth one price to-day and another
to-morrow, wea.th put into gems re?
main ?arly constar.: in all parts of the
wo rhl. w
It is because of this peculiar advan?
tage, jewelers assert, that there has
been such n great dtmand for -ems
throughout the troubled sections of the
world, a well as in the mo t prosper?
ous industrial centvrs. Be ides sUbi)
ity of \Blue and the ease with which
they are transferable into money in
any part of the world, precious st ?ne ,
'?c:ng of small bulk, are easy to hold,
idc or transport the- ? lact <vhere
'.hey can be converted ;nt. -???:. Por
- aaoi '.- ???; have bee: ???<! in
de . -alizcd ?;-,.': , .-?:,.
and many other un etth i t ?untries.
ria
Business Troubles
Petitions in Bankruptcy
Petitions In bankruptcy filed in the
United States District Court yesterday
were .,y follows:
OH ARM CLOAK & DRESS Iln.'SB,
INC. ? Involuntary petition against the
?'harm Cloak ?. lires? House, Inc. 4i,
Avenue B Liabilities and iijiaets not
stated Principal creditors are Celia
ConoVltz, $l??. Sain May, }':", Frances
'.'??.der. 12..'. Petitioner?' attorney la Jo?
seph Krlnsliy. 320 Broadway.
Assignment?
THE CHARM CLOAK * DHE8S HOUSE,
INC., 45 Avenue B, yesterday assigned for
the benefit of creditor? to H David Frack
:.-ian. Morris Koplovits is secretary ol the
company.
Joseph Codman and W. J, Lindern.inn
?ave formed rt partnership to conduct a
Swiss watch Importing bus'ness. Mr Cod
man will leave to-day for Bwltaerland H>
Will ?all on the Lafavyt'e
Fifth Avenue Week
Will Be Observed
From April 5 to 10
Great Com mere ial Celebra?
tion to Be Made Annual
Event ; Prominent Citi?
zens Are on Committee
Fifth Avenue will be <i shimmer by
diy urn', ablate by nigh* from April
5 to April 1". according to plans an?
nounced yesterday by the Fifth Ave?
nue Association. Thi.-: will be known
as "Fifth Avenue Week" and the cele?
bration will be made an annual even*.
The famous street will be moregayly
decorated during this week than at any
other time in its history, with the pos
sible i -pi - n of 'he summer of 131S.
when it ? ' '?? "Avenue o:
tho Allies." .-'" aro being
made for ? ?? displays and
nifrht ilium nation.
The nurro?e of the week's celebra?
tion is "to emphasize the commercial
and artistic importance of the Fifth
Avenue sect urn through graphic ex?
hibits .?rd demonstrations of the ex?
tent, variety and ch''""-'?r "*" ? '" " '?"t"
and applied arts, which are making;
New York the art and fashion _~..icr
of the world."
Cooperating with the Fifth Avenu*
Association is un advisory board, which
? is composed pf the fol.owing: Robert
W. De Forest, chairman; Alfred E.
Marling, president of the Chamber of
| Commerce, and William Fell o we s Mor
; gan, president of the Merchants' Asso?
ciation, vice-chairman: Herbert Adams,
Stephen Baker, Edwin Howiand Biash
; field, Henry De Fores* Ra'uwin, Bishop
Charles S. Burch, Archbishop Patrick
.1. Hayes, Dr. Nicholas Murray Butler,
1 Clarkson Cowl, Case Gilbert, Joseph
Howiand Hunt, Otto H. Kahn, Dr.
George F. Kunz, Adolph S. Lewisohn,
John G. Milburn, Henry Fairchild Os
born, E. H. Outerbridge, Anning S.
: Pral!, Charles H. Schwab. Henry K.
? Towr.e and Frank A. Vanderiip.
j The jnembers of the advisory board
? and the Fifth Avenue Week Committee;
. are now working out the details for
? the celebration.
Hedge? Asks About Aid
In Railway Bond Crisis
Lexington Avenue & Pavonia
Ferry Line Securities' Inter?
est Causes Worry
Arnold B. MacStay is not the only
man in this town to whom "Snow?
bound" is more truth than poetry, a?
became ?vadant yester?ay wneii the
? tribulations of ?lob ?. Hedges, receiver
for the New York Railways Company,
i were laid before Judge ?Viay r uc
' t'nited States I' s tri?** Court ' - i
? son Winthrop, hi"? attorney. Mr. Win
I throp intimated that Job was about
. ready t" emulate his namesake and
try tl? rid himself of ?as troubles with
a potsherd.
Specifically. Mr. Winthrop wanted to
know what should be done about the
$200,000 semi-annual interest on bond?
of the Lexington Avenue & Pavonia
Ferry Railroad Company and of the
Columbus Avenue <? Ninth Avenue
Railroad Company The much afflicted
Job, his attorney said, had just spent
{207,000 clearing the slots of the sur?
face lines of snow and ice. Moreover,
even now, service was only 82 per cent,
of tiio normal, and the reduction in
-.:? mc resulting made the situation a
grave one.
The cHs'ii on hand, Mr. Winthrop
said, amounted to $837,000, and estl
mates indicated that by June 3 this
would have dwindled to ?180.000. The
; cessation of service due to the storm
i had cost the surface lines ?'S82,000 and
? the company was ? ' ?'..000,000 in ar
: ie:irs in I axes, he saisi.
It was vident that Mr. Winthrop
expected instructions to default th?*
interest duo on the bonds, but Judge
Mayer decided to adjourn the case un
- til March 19 arii? in the meantime to
obtain mon del information as to
receipt.-. He iftbdified his receivership
order so as to eliminate the cross-over
at the New York C ntral tracks ot;
E!< venth Avenue ?? Thirty-fourth
Street. Coun el for the receiver he*,
forth that repairing 'V..-. cross-over
would bo expensive ind it was unnec
: ry to run car,; ivi si of Kleventh
I Avenue, o i there was :io ferry there.
2,000 Attend Annual
Dane?' of Saks & Co.
Mmv Broadway Vaudeville Star*
Enterta-n Employees and Store
i Xficials Are Present
More than 2,000 employees of Saks
& Co. held their annual entertainment
and dance last night at Palm Garden,
150 East Fifty-eighth Street. The af
fair. - ' - -?
the ii story oi these annual receptions.
A program of vaudeville opened the en
tertainra tit, .;.u ... ., a
vaudeville st.-.r.-? participated. 1.,-ter in
the evening there was d-ncing.
Phi i- A. Conne, president of S ks it
Co.; William A. Saks, treasurer ? nd
Co.. William A. Saks and H. A. S ks,
tre surer and secretary, respect.v-1 y,
attended i nd occupi i boxen with th ir
friends. William Boom, presid n of
the ?Saks & Co. Employees' Association,
under whose luspicea the entert inment
was held had ch irge of the -rr nge
mcti's Cor the entire program, and much
of its succe is due to his efforts.
Delaware & Hudson Officers
By of he board of rr.annrers
he f< M ng o ?icers of the De a .'??re
& Hudson ! ompany have been elected,
effective with the termination of F?d?
?rai control:
F. P Gutelius, vice-president in
| charge of operation and traffic; J. T.
Loree, genera! manager; C. H. Booth,
| ocal treasurer; L. K. Lufif. assistant
comptroller: Lewis E. Carr, counsel
? J. B. Dickson, general superintendent
; of transportation; J. E. Roberts, super
| ir.tendent of car service; J. H. Man
ning, superintendent of motive power:
James McMartin, chief engineer; W.
J Mullin, general traffic manager; W.
G. Story, general freight agent; M. J.
Powers pe?era! passenger atrent; G.
W. Ditmore, master car builder; J.
White Sprong, purchasing agent.
? ? ? .
J. A. t'Alrifi haa b*i*>n o!?i-t?it pr??!3*m
? of the V--v K-.iKland Leather and Sho?
, Plnflliif-? Association and John B. Mitch?!!
- fir.-" vice-president. George K. Reinhard*
ha? been appointed treaeur??- an?- ft, ft
Nichols a?cr?t?ry.