BUSJiS/TSS ISEW5 BUREAUjTribune Building154 Nassau Street The Tribune 's Page of Business News TELEPHONES»

Beekman 8243Eeekman 3000

Garment Makers^Worried Over

Cloth Shortage.©

Both Woollen and Silk MillsAre Unable to Deliveran Adequate Supply ofGood?, Says S. Krohnberg

Unless conditions in the woollen.ood3 and silk markets change ma¬

terially within the next three monthsthe shortage of fabrics for the'aianufacture of women's outer gar-ments, according to views expressedby leaders in that industry yester-day, w'!l *1C *er'0U3- Talk of a short-ace of materials emanating from thecloth manufacturers is always viewedin the light of "business propaganda"by the garment makers, but now theyadmit that they are having difficultyin obtaining supplies and express gravedoubts that the situation will improve."The raw material situation in the

dress industry is critical," said S.Krohnberg, of the Bijou Dress Com¬pany, yesterday. "We do not knowwhere to go for the woollen and silkgoods we need. Most of the manu¬

facturers have ;l three months' supplyon hand or in the process of deliverybut after these stocks arc exhaustedit will be difficult for us to get more

goods. This applies to silks as wellM woollens. The mills are not sellingor delivering anything like the normalamounts of materials or anywherenear what the trade requires."Prices »re skyrocketing every day.

' The mill people tell us they are con¬

fronted with raw material and laborshortages. One of the largest pro¬ducers of dress serges in the countrytold me early this week that his millhad 400 idle looms at present becauseof the labor shortage. He said that

¡» even the tenders of automatic loomsno longer want to attend to four andfive loom each, as formerly, and that hiscompany has agreed to each man at¬tending to only two and three looms."In addition to this shortage of pro-

duction the domestic supply is fur¬ther depleted by withdrawals for for¬eign trade. I know that foreign buy¬ers are taking American silks andwoollens in large quantities at muchhigher prices than the domestic con¬sumers can pay. T estimate that theapparel men in this country are gettingonly about one-tenth of the cloth theyactually need."All this will cause a shortage of

apparel later on in the season. Weare taking orders now for deliverybeginning August 1. We figure thatwe can book orders for delivery up toDecember and then, unless we can

get more materials, we do not knowwhere we will stand around Christ¬mas time."Serges and tricotines, according to

Mr. Krohnberg, are the most desirablewoollen fabrics in the dress tradenow, and satins are the most wantedof the silk fabrics. On these themarket is particularly short, he said.

-m-1-

Big Concern "Will AllotSerges Sparingly, Is Report

One of the largest women's dressserge producers in the country, it wassaid yesterday, is planning to sell itsproduction for October. November and

Receivers in BankruptcyA. B GEORGE.Judge Augustus Hand

yesterday appointed Arthur Y. Dalzlel re-cetver uncl»r a »500 bond for A. B. George,also known as Athanaslon B. Georg*, mer-chant, JO Main Mre*t, Yonkers, N. Y.

Petitions in BankruptcyPMinons in hankrur-try flir-d yesterday

In the United States District Court werea« follows:ESTHER BREAKSTONE \ voluntary

petition bv Esther Breakstone, a hou<<"-wlte, «2 West 124th Street, ahowj liabilitiesof 16,500 and no a.sp«t^ Principal claim Isthat of Jo«hua Tomlinson for $fi.50ft.Abraham Breakstone, J'J9 Broadway, Is theattorneyMANHATTAN ANP PHII.APRI.PHIA

AUTO EXPRESS, INC..Involuntary peti¬tion anlast Manhattan and PhiladelphiaAuto Express. Inc., 208 West TwentiethStreet. Liabilities and assets are not

t g!**n. Principal claim is that of Esico¦/ Hosiery Company, Inc., for Í737. Ben-

¡»min Bernbaum, 320 Broadway, in thoattorneyHARRT P. ROEDER.A voluntary p»tl-tinn by Harry R Ro«d«>r. ronl'-a'-ior. 225

"*« U2d Street, gives liabilities at»ij.iîî 6-.-1 no assets. Principal i-'.alrris«re tho** of Emma Käst and Elian Kasl,H6.Ï49; Charles Jacobson, Inr.. $147; 64*."' "Tt'o Street Corporation, 6426. Albert

"* A Wray, i'j Broadway, is the attorney.A.VN'a RAUCH.A voluntary petition byAna» Raucb, housewife, 2471 Morris Ave-BW. Bronx. f:vm Sjabiiiti»* of 61.390 andf* »Mets. j. M. Peyser, :>,Z0 Broadway, is'M attorney.PHILIP I'.OROK.A voluntary petition»y Phihp Borok, also known as PhillipMr»«. a salesman, 7 West 111th ¡Street,§¦**. liabilities -t ?ll.4;.7 and no assets.¡TOClpal claims are those of P.ob-rtnut.|S00; Charles Weil, »800; Ike Katrin.»Hi); \v s Wheeler. 12,000. Danlei"-"¦»ngl», to Rivinsjton .Street, Is the attor¬ney.JOSEPH E t.Kvi An Involuntary petl-'On *sa;r. n Joseph E Lev!, doing bunl-K»** J E ''..''" s r'> »."'¦¦'* brokers,».Broad Btreel '¡oes not give liabilities

"JfMSeij Principal claims are: fir-rnard«HI*, II,»00, Anst Alexander, %U>>. Nettie.ií"l*!,'í,rr!- ll '<¦' Ma* Oreenbe.-ger, 1133*»fO*«w4y. i, the attorney.

Schedule in BankruptcyROBIN.Hlf.vr if COMPANY, INC..-A

ÎÎTÎ ^at* .« Robln-Hlrach Company. Inc..°-«Piiy sh-,w r* concern, 2ti Canal 8treet,it'**? MaWIIU«* of 611.642 and aa»uts orjI*""J Prlnelpal claims are tho«« ofi???*1 K Rlbon, »1,110: .lohn 8. Berman,c-i'i ' «¦¦Jr,»»> H. Latner, 62&0. Zalktn A,~?. - il '-'hambers Street, ere the at-

Judgment» FiledUta" fo-:''w,^g Judgment« -were fled yes-

Sbtar' ,i3,! Hn" name being that of the

In New York County*<!»nti- « ..< ,.!., K R Co,_Hebt,*-,, Ribbon Co. »5,?,77.02»«man. 0«*Uve~-BJgiow Tailor«,¦¡¿ï?, . 654.13¿f'*y '¦"¦ Im:- National Jm--JgrtlQg 4 Trading Co ine. 2.105.21«ncoowrr.« Wtu; Co., inc..HjT'.i» J;.-.,«. « «eg 4<)7S!; Wmtmut J. «nd"MarionjEt,*.11*. W" s- v ««"»1er«/"nt*r*' An-.n. . r.:¡L"{S- y¦-«'»¦»»/ Contrat-

"*vl», John..7. r T.xk.. 766.41btT'' ii*''i;'"" -w- Kiep-

ûtijnîn, Tfcoiñ**»'¿ K-iwi t,^jrUfh^.ÉTfs.t,«:%?£«,'¦.'*?:'*" 'w--«"'; ...

'^. **»£&.KidmanSfiî: Ahïï' títsW:::::::::::n.'t BdtmiAd.V, ¡A,iv,Kr.

it«;« ":h,";,¦ "r «.«..-«. a.

.tHi *"lv>0.A. Hai,lf,.,wit-4mmSu'lm.'lllllL-' ...*.. í22.«o¡*"^»IwiÉWjutAWtommmm l**Ml

207 26

JIÍ.K-

»71 14

;n 39.;¦ ! 99

.11,70

December through the allotmentmethod. Only those buyers who pur¬chased goods from th% concern lastyear \rill be given new fabrics, it issaid, and even these people will re-ceive much less than they did in 1918.One buyer who last year took 1,000pieces of merge was told that he wouldreceive only about seventy-five piecesthis year. The company is reported tobe producing only about 50 per centof its normal output because of thelabor shortage in its mills. A largepart of its output is destined for for¬eign trade, it is said, thus cuttingdown the amounts that can be allotedto domestic consumers.

Silks

New Customers Not En*couraged by Silk Goods

ConcernsManufacturers of novelty silks booked

as many orders yesterday from theirold customers as limited- stocks wouldpermit. Many of these buyers came fromthe Parlflc Coast section of the UnitedStalte. Some of the producers ofnovelty weaves did not seem keen aboutinviting the patronage of new buyers,ns they have all they can do to care

proporly for the wants of their steadycustomers.

Jobbers of all kinds of staple fab-Tics except taffetas were favored witha liberal volume of orders, and a num¬

ber of tho jobbers were themselves inthe market for the purpose oi placingorders with their competitors. Thisinterdealing between the jobbers wastaken to indicate speculative opera¬tions. Somp of the jobbers boughtsilks in shades that retail dealers hadrejected on the ground that the colorswere not now in vogue.A number of the manufacturers of

staple fabrics reported that they were

being omportuned by buyers to ac¬

cept orders for the delivery of goodsduring the months of October, Novem¬ber and December. While some of themills are sojd as far ahead as the firstof January, the producers in generalare set against taking business forsuch distant delivery owing to thehigh cost of raw silk.

*

$10 Paid for HighGrade of Raw Silk

Transactions in raw silk in the localmarket yesterday were of relativelygood volume. Most of the buying was

for delivery during the next twomonths, but some of the manufactur¬ers of finished fabrics placed smallorders calling for sTiipment from Sep¬tember on to the end of this year.Shinshin No. 1 advanced about 5 centsa pound hero and it was reported thatone of the leading Japanese concerns¡had sold double extra Kansni for $10a pound, this high grade raw silkbeing wanted for immediate delivery.The quotation of $10 established a

new high record and verified predic-tions that had been freely made dur-ing the last month.

Cables received from Lyons, theleading French market, indicated thatsales of raw silk had been put throughon the basis of 135 francs per kilo of2.24 pounds, this being equivalent toabout $12 a pound for the best gradeof silk used by the Lyons weavers.

TroublesHines, Alfred W..M. A. Kateke 270.40Hebron, James.M. Costelle_ 2,391.70Hatoff, Henry (Whitlock Printing

Co.).I. Hatoff. 693.10Hernandez, Roberto.A. Palmer;

costs . 113.50Itskowltz. Jacob.Ford Cloak &

Suit Co.. Inc. 848.28Kavanaugh, Michael J..J. J, LaDue . 122.30

Koneman. Henry L.AmericanA «rlcultural rhemienl Co. 2P«V60

I.iKht, Alexander.B Petrovitrh 438.41Lento. Howard O., end Joseph E.

Reid (W. J. & S. H. Daven¬port).B. Murray . 2,568.10:

Le Brun. Marie A. or MU*. An¬toine Le Brun, or M. Le BrunWilson -Read Printing Co. 165.42

Lieberman, Jere.D. Scott. 332.25,Levin. Jacob.R. W. Candler. . . 2,795.33Same.Same . 2,769.82;Murcus, Philip.S. Rosen. 271.70;Möller, Emily R.. adm., andEmme L. Möller.M. E. W.Paulovlc«. 138.50

New York Railways Co..H. S.Altman . 194.25

Northern Waterproofing Co..H V. Carles . 12,531.18

New York Iron and Steel Prod¬ucts Co.w. Glllespie. 2,252.83Okin. Abe.S Mann . 294.82

«".liver, Grace.E. M. Hussey. 201.66Preker, Lena -V. Loowers flam-brinua Brewery Co. R16.Î0

Peretz. Abraham, and Sophie«-»«.nsteln. admx.C. Girard.... 485 20)Silvestro, Antonio, and GerardoCecere.Lion Brewery of New

.York . 831.34Pi rout. Jacob V..S. Margolles... 330.65

Runkle, Maurice.A. L. Bledler.. 3,731 00Realty Options Co., Ida L. Richand Albert Q. Rich.NationalCity Bank of New Rochelle,N. Y. 3,986.62Rubin. Louis W..S. Ros'-«a. 221.75

Sheedy, James.F. H. «'«lcott &, 9°. 261.24

Solomon, Erleda. P. Relff et al;.

ros'K . 121.25Bucarato, Nicholas D..H. S.Sl*i""> . 1,820.25V\ in-field, Bernard.-Poener &. Co. 207 70Wheaton, Edward F.. S. HHerman . 455.30Vwildm.-m, P.achmll EastmanMachine Co.

In Bronx County148.67

Ferrentz. Joseph.J. Basco. 174.62!ltereon. Hyman.D. Barnett. 104.72Jans», George A...N. H. Pinto... 207.61Levey, Charles.Commercial Cas¬

ualty In». Co. 94.48Onafeio Bella.N. Keltz. 206Í90.Sehrocder. Frank.J. Klein. 2,631.95Shaw, Samuel.L. Abraham. 33.72T. «. D. Rutton Co..p. Felnstein 18.x.41Same.L. Nechln . 112.93Warner. Emily.A. Koch.,. 330.72¡Swelbcla Samuel i. Llpshltz. 87.21

aisGed JudgmentsThe flr«t name I» that of the debtor;the second that, of the creditor and date'

v. hen JudKinent win filed:In New York County

K.irley, May W..-J. C. Bucher etal; F«b 21, 1919. $116.45

Vpth, Richard r .Vt'l CityBank of N. Y Oct. 23. 1903.. «,057.6«

Shore Acre» Realty Co. and Lew!«Bmlth.A. H. Waterman; May21, 1913 . 1,901.31

Metropolitan Bank.A. Oeerlng;1/ei H». 1914 (rev-reed). 730.60

Breitung, Kdw. N Charlotte O.Breitling »ml Mary Kaufmen.II e. Howard; April 22, 1919.. 8,618 85

Karley, .1«:- V., .Inriejt p, Iilvver,JoMph <i Oivver, fd» M,Drumm end Walter v. Dlvver

II. M, Ogllvlt; May 2S, 1919.. 3.117.40.jo«»«, Win. n M Htinc, Jan,

¦<y l*Sfl ,,.' . 273.19Weiegerber, Win, und Marga¬

ret. L Phillipe, June », ioi9.. 650.0DPomp«] Con »I ruction <'o., Ine..

<; Hoerner. May 14. 1319 lv».'*t«d) . 621.01

Elehltr, Armin.Hunimlt Bank;Dee i'i. 1909 (canMlUd). 1,597 52

Oileon, ftlrner, and Carrie R. Mo.*he, -People, etc.; M«y 21.1019 l/.oo.oo

tntW-City Lend a Securltle* Co..-A. Wohlauer; Maren 30, 1914 264.66

fternor Corp.. N't'l Fire Proofing<X4 UêH S. Uataammtâmm tUOmé

Wool Scarcity ExpectedWhen U. S. Sales Ends

Boston Looks for Shortage as

Result of Great Demandfor Goods

Business Xcws BureauSpecial Correspondence

BOSTON, June 18..With the greatdemand for goods and the mills run¬

ning full time the Boston wool tradeanticipates a temporary scarcity ofwool when the last series of govern¬ment auctions of the staple (June 18to 20 and 28) is over. The governmentintends to sell no more wool until nextNovember. Sale of the new clip fromthe West, however, will be in fullswing in the open market in a monthor less and that probably will help the,situation. Purchasers will have to pa>higher prices for the season's clip thanthey have been paying at the auctions,it Is said, as it has been possible tosecure wools at the government salesat lower figures than fleeces have beenselling at in the country.Some of the farmers aro now asking

as high as 72 and 73 cents a pound forfleeces "running" largely on the de-laine and half-blood grade, but fewbuyers want to pay these figures. Sev¬enty cents has been paid in Ohio. It isstated that 00 con's is the limit in Mon¬tana, but farmers are holding theirwool for that price and choice clipshave been bought at that figure. Sev¬eral clips have been pooled, however,and sold at sealed bid sales at 60%cents.

It is reported that the Germans havestarted to buy again in South America.The market is still strong there, withthe labor situation much improved. Itis estimated that fully two-thirds otthe South American clip has beensold.

Fine Wools Sell ReadilyDealers Are Best Buyers at

Boston AuctionIhiiine.i/! News BureauSpecial Correspondence

BOSTON, June 18..Wools offeredat the government auction to-day soldbetter than offerings of a similarquality at the previous sale. Most ofthe buying was by dealers who en¬gaged in a snappy bidding for the bet¬ter grades. About 3,750,000 pounds ofscoured wool was offered and 125,000pounds of noils. Fine carbonized Aus¬tralian wool brought $1.28 to $1.29 andfine Cape wools sold at .$1.20 to $1.27a pound. The American Woolen Com-pany paid $1.48 for a small lot of fine jAustralian combing wool.

Textiles

Drop in Price, Stirs Up\Sales in Unbleached

Cotton GoodsAfter several weeks of limited salesthe market for gray or unbleached cot¬

ton goods yesterday displayed consider¬able animation. During the early tradingthe print cloth construction, 64-60s,broke to 15 cents a yard, a drop ofone-quarter of a cent from the preced¬ing day, which seemed to attract or¬ders from large converters and manu¬facturers of printed fabrics.A3 for some time past, the chief sell¬

ers were converters who bought goodsduring the low price period a fewmonths ago. Though the price reactedupward upon the placing of the heavyorders, a number of the mill agentsasserted that they would not offergoods until the price reached 15%cents a yard.While some of the jobbers declared

that their business in general lines ofcottons was of large volume, othersconceded that buying had abated owingto the. passing from the market ofSouth American and Porto Rican buy-ers, as well as because of the fact thatmany domestic dealers are- either tak-ing inventory or getting ready to do so.Jobbers complain of slow deliveries

from the mills, and it was intimatedthat it had been found difficult to in¬duce the mills to accept orders to re¬place goods that have been sold. Abuyer for a large New England retaildealer who was in the market seekingodds and ends to retail at 5 to 10 centsa yard admitted that such goods werehard to obtain.

France Modifies Import BanExtra Customs Duties Will Be

Placed on LuxuriesPARIS, June IS..The "Official Jour¬

nal" issued to-day publishes two de¬crees affecting importations to France.The first will remove tho ban frommost of the imports, the few exceptionsbeing luxuries, various articles form¬ing the subject matter of inter-Alliedagreements and textile manufacturers,the principal producing centres ofwhich are in devastated regions andconsequently require special protec-tion.The second derree will place extra

customs duties on imports, these beingcalculated on an ad valorem basis, ex¬

isting dues failing, by reason of in¬creased prices, to accomplish the ob¬ject of affording protection to home in¬dustries. These duties, however, willnot be imposed upon foodstuffs or ar¬ticles indispensable to manufacturers.

Furs

Germans Pay High Pricefor American Skunk

SkinsExports of American staple furs to

Germany and other countries of CentralEurope as Boon as the peace conditionsare settled will send the'prices of these.skins t w high levels, according to jlocal >.' dealers. Exports to otherparts of urope are large at the pres¬ent time, but the dealers arc confident,that the demand from German sourceswill exceed all others once it is possibleto ship goods to them. It is expected:that extremely high prices will be paidby Germany for American furs. Insupport of this, it was cited that Amer-lean skunk skins at, the recent sale inLeipsig brought $65 at the normal ratoof exchange, or about $24 at tho preß-cnt value of the German mark. As jhigh as $11 has been paid in this mar-ket »nd In, London for skunk r.kins, andthis wan considered an exorbitant fig-1ßfeK... ._L_f

Trade in Machinery andTools Now Picking Up_

American Shops and Foundries in Position to Sup¬ply Needs of European Countries; RailroadOrders for*Mechanical Equipment Still Lacking

npO REPLACE the great wear andtear on machinery caused by the

strain of war work, to provide for thearts of peace, which were repressedduring the time the great conflict de¬manded instruments of destruction,and to hasten the resumption of in-dustrial operations in the Hun ravagedcountries of Europe, mechanical equip¬ment of all planta is essential. Fort¬unately America's shops and foundriesare ready for the taska imposed by thenecessities of reconstruction and re¬adjustment.Under the urge of these processes

the demand for machinery and tools,according to Percy M, Brotherhood,vice-president of Manning, Maxwell &Moore, Inc.. is expanding each month,giving indications of assuming sub-'stantial proportions during the early,fall months."Fundamental conditions constantly

are improving," said Mr. Brotherhoodyesterday. "Buying of light and mediumweight toolg for use in industrial con¬cerns at home is expanding at a fasterpace than demand for the heavy imple¬ments. The only drawback in an other¬wise relatively favorable situation isthe lack of substantial orders from therailroads, but when these are returnedto private control they will becomeheavy buyers of mechanical equipment.Financing that will provide the rail¬ways with funds for essential require¬ments will be accomplished."Prices for machinery have been.re¬

duced 10 to 20 per cent within the lastthree months, and present quotationsare not likely to be changed during theremainder of this year. Compensationfor labor, which represents 75 to 80per cent of the cost of our products,cannot be reduced while foodstuffs con-

BusinessThough one bank yesterday re-

marked that commercial paper was

much firmer and that the rate had ad¬vanced U of 1 per cent in the last dayor two, commercial paper brokers ingeneral found the rate unchanged,with even n tendency to become easier;The decline of the extravagant callmoney rates has aided n quicker move¬ment of paper. Borrowing continuessmall, though an Increase is expectedby some dealers after tho first of July.Some business houses have been hold¬ing off pending aemi-annual state¬ments or inventories. Meanwhile deal-ors say that tho floating supply ofpaper is quite small.The general rate for industrial bor¬

rowing is now 5Vi per cent, A fewdays ago, according to some brokers,this rate obtained for practically allpaper, irrespective of quality. Tho re¬sult of this anomalous condition wasthat only the good names sold. Thiscondition is gradually passing by afall in the quotation of exceptionalpaper to 6^4 per cent. A fair Wostornmarket is reported at this figure, but,as a fact, the Wost is practically theonly place where some dealers areable to sell 6& per cent paper at nil.There was a fair market yesterday

for bank acceptances.Sharp differences of opinion devel¬

oped over the action of tho AmericanExchange National Bank, following thestatement of its president a day or twobefore, in buying $10,000,000 or morebills and taking half to the FederalReserve Bank. One prominent banker

tinue as dear as they now are. Pricesfor steel, iron, copper and tin, thebasic raw materials for machinery,have receded but little."At present export trade is fair, be-

ing limited to a considerable extent byour inability to get adequate cargospace for shipments'to England and'France."When I was abroad during the

period from February to May last Ijourneyed through England, France,Belgium and Italy. I found that Eng¬land's industries were being rapidlyadjusted to normal conditions. Thegovernment was taking munition ma-chines out of the great industrialplants. But the real difficulty is thatEngland's working organizations havebeen disrupted, and owing to the short¬age of skilled hands it will take fullya year for the English shops to getback to pre-war shape.

"In France the progress toward re7adjustment was slower than it was inEngland because demobilization hasnot been so rapid as across the Chan-nel. The Northern French industrialcentres have suffered a decided loss ofskilled help. Besides, the men ofFrance apparently were not overanx¬ious to return to work."Belgium is bound to be a good cus-

tomer for American made machinery.In Italy conditions were poor, the coun-

try seemed to be devoid of money, andbecause of lack of work the countrygovernment was deterred from disband¬ing its military forces."France, Belgium and Italy are ready

to buy American machinery, but inorder to do so they need credits orfinancial assistance from the UnitedStates and Canada. England perhapsmay be able to join in rendering some

monetary assistance."

Moneyremarks: "You cannot make a market!by buying bills when you do not wantbills. That in the end will do more

harm to a discount market than good,The acceptance market, like any other,must grow because John Jones hassomething to sell that Jack Robinsonwants to buy, because there is an ad-vantage both to the buyer and seller.Even as it is, the acceptance markethas been growing wonderfully fast.A few years ago we in this countrydidn't know what an acceptance was."This banker did not consider the po-sition of acceptance dealers to beserious now. If there were any diffi-culty in the dealers obtaining callmoney at the preferential rate hethought that the Federal ReserveBank should help.A leading acceptance dealer an-

swered this argument with the asser¬tion that the action of the AmericanExchange National Bank showed an

enlightened policy looking toward thefuture, and though it may have been"artificial," such artificial support isnecessary now because the acceptancebusiness is an "infant industry" andmust be protected artificially duringemergencies as long as it is retardedby artificial conditions. Both thebanker and the acceptance dealer arein agreement on the point that a broaddiscount market will not be possibleuntil tho Stock Exchange adopts fort¬nightly or other periodical settle-menta such as is done by the LondonStock Exchange, when call loans willbe based on acceptances and stockswill be carried by short-time loans.

asic CommoditiesJune 18, 1919

(Note..In those cas«, where no transactions were reported the "bid*»rices are given.)

METALSWeek

Wednesday. Tuesday, ago.Pig iron, No. 2 fdry, per ton (Pittsb'gh) $28.15 $28.15 $28.15Lead, per lb., .05.20 .05.20 .05.20Copper, per lb. MVz .17'/2 .17(4Spelter, per lb. (East St. Louis). .06.55 .06.55 .06.35Antimony, per lb.¡ .08'4 .08'4 .O814Tin, perlb .72!/2 ' .72¡/2 .72'/2

PRECIOUS METALS MPlatinum, per oz.$106.00 $106.00 $105.00 $10008Silver, per oz. 1.12(/2 1.12% 1.10% [991/2

CHEMICALS

Yearago.

$34.25.08'/3-231/2.09.18.89</2

Sulphuric acid, 60", per ton.Wednesday.Nitric acid, per lb. $11.00Caustic soda, 76%, per 100 lbs. .08Soda ash, 58% light (bbls.), per 100 lbs. 2.90-3.00Phenol, U. S. P. (carloads), per lb. 1.75Glycerine, dynamite, perlb.H .09%-.10i,^Glycerine, crude, per lb. .19^-20Glycerine: c. p. (in drums).. .13i/2Alcohol (denat.), per gal. ¿\Alcohol (non.-bev.), per gal. .40-.44Nitrate of soda, 95%. per 100 lbs. 4.90Benzol, c. p. 4.07!/2Toluol, pure . .25

Tuesday. Week ago.$11.00 $11.00

08 .082.90-3.10 2.85-3.001.75 1.75.09%-.10'/2 .091/219I/2-.20 .19I/2-.20.13J/2.21.40-.44

4.904.07I/2.25.25

COTTON

Middling upland, per lb.

WeekWednesday. Tuesday, ago.

. 32.60 32.50 32.65SILKS

Japan filature, No. 1, Shinshiu, per Ib.. 8.75China-steam filature, best, No. 1, per lb. 9.50Canton filature, Ex. Ex. A, per lb. 6.90

HIDES AND LEATHERHides, city slaughter, spread, per lb- .42Hides, city, nat. strs., sel., 60 or over, lb .40Calfskins, city, 9 to 12 lbs., per skin... 8.50Leather, hemlock sole:

Overweights, No. 1, per lb. .55Middleweight«. No. 1. per lb.53

RUBBER«Para, up-river, fine, per lb. .56Para, up-river, coarse, per lb. .34Plan., 1st latex, pale, crepe, per lb., .41Plan., brown, crepe, thin, clean, per Ib.. .36Vlan., ribbed smoked sheets, per lb. .40

8.709.506.90

.42

.408.50

.55

.53

.56

.34

.39

.38

.38

8.409.506.90

.42

.408.25

.55

.53

.57'/2

.34

.43

.40

.42/a

.13'/2

.21.40-.444.904.07Î/2.25.25

Yearago.

29.80

6.707.605.30

.33i/a

.32!/a5.35

.51

.46

.68

.40

.63

.60

.62

¿gaot&tlon*, fo* «pot rubber only, v^

Canadian Mills TurnOut Better Woollens

Shortage of Imported ClothsOpens Way for Improved

ProductionCanadian woollen and worsted mills

are producing better grades of cloththan ever before, according to a To¬ronto shoddy mill owner, now in NewYork."Before the war," he said yesterday,

"Canadian mills produced only lowgrade fabrics for the most part, thecountry depending upon imports fromEngland and the united States for itshigher grade woollens and worsteds,but high prices and scarcity of bothEnglish and American fabrics in theDominion at present have led the millsthere to start the production of highergrade fabrics. Results have been sosatisfactory that the mills expect tocontinue the making of the bettercloths even if the imports grow larger.They believe they can make cloth thaiwill successfully compete with im¬ported fabrics.

"For the last two years there hasbeen an increasing demand in Canadafor the highest grade of shoddy to beused in the making of good woollensand worsteds. Wc are now using newclipR from tho best American worstedmills in'the makinç of our shoddy andfind a larger outlet for this high gradethan ever before. We used few ofthese clips four years ago."Canadian mills making ,low grade

fabrics, he added, are in a prosperouscondition owing to the vast amount ofkerseys and ßimilar cheap fabrics be¬ing produced there for the Rumaniangovernment. It is understood that theCanadian government, with the sanc¬tion of the British government, hasguaranteed the Rumanian bonds whichare taken in payment for the clothcontracts.

* Leather

Shoe Dealers Complainof Slow Deliveries

From FactoriesJudging from complaints reaching

the trade from all parts of the coun¬

try retailer« can sell shoes fa-ster thanthe manufacturers are able to deliverthem. Some of the makers of highgrade women's shoes with factories inBrooklyn, it is said, have not as yetdelivered shoes that were ordered lastfall. New fall footwear is not goingout in large enough consignments to;ause optimism.Within a few weeks manufacturers

will be displaying next spring's stylesto the jobbing trade, but at presentthere is considerable uncertainty con¬cerning the establishment of priceschedules.

It is expected that the predominat¬ing colors for women's fall shoes willbe black and Havana brown and tholeading style features long vamps withfull high Louis heels. Military grayalso will ha,ve a prominent place in thecolor range, and bronze shoes will beoffered. Eight and a half inches willbe the popular height for women'sshoes.

¦.-

Cuba, Prosperous, WantsTo Buy Goods Here

U. S. Exporters Told They MustMeet Credit Terms of

Other Nations"Cuba wishes to increase its imports

from the United States, but Americanexporters, in order to take full advant¬age of the opportunities there, mustmeet the credit terms offered by mer¬chants of other nations."That was the burden of the message

delivered yesterday by Arthur Liebes,who has just returned from Cuba, to300 members of the American Manu¬facturers' Export Association at theHotel MeAlpin. Mr. Liebes exhibitedmoving pictures showing some of thecommercial conditions in Cube. Hedeclared that the couhtry is extremelyprosperous as a result of the highprice of sugar.Cuba is an attractive field for en¬

gineers also, said Mr. Liebes, especial¬ly for those familiar with oil-burningengines. Coal is so expensive there,he asserted, that its use is almost outof the question in many industries.

__-»..-

National Spun Silk Co.To Erect Spinning Mill

Business News BureauSpecial Correspondence

NEW BEDFORD, Mass., June 18..The National Spun Silk Companyof this city wijl erect an additionalfour-story spinning mill in the nearfuture. Lockwood & Creene, archi¬tects, of Boston and New York, aredrawing plans for a brick building, ap¬proximately 100x250 feet.

Thrf National Spun Silk Company,'with a capital of $1.080,000, and oper¬ating 28,000 spindles, manufacturessilk yarns, noil yarns and silk noilsThe new building will be the third mil!of the company and the second to bebuilt in two years. Its cost, withequipment, will be in the neighborhoodof $700,000.

. ¦¦-¦¦ ¦«. .¦.-

Metals

Large Pittsburgh SteelMills Operating More

CapacityAs evidence of the further improve¬

ment in the steel situation "The IronAge" this week states that in the Pitts¬burgh district mill operations of onelarge interest have advanced to a 75per cent rate. In structural work itis noted that the General Motors Cor¬poration has placed an additional orderfor 12,000 tons. Another award is of5,255 tons for the Michigan Boulevardbridge over the Chicago River at Chi¬cago. In the-Fast awards for Navy De¬partment needs amounting to 6,500tens are expected before July 1.A genuine buying movement in foun¬

dry and malleable pig iron is underway, according to "The Iron Trade Re¬view," which adds:"Cleveland interests in the week sold

probably 100,000 tons, Buffalo an equalamount, New York about 50,000 tonsind Chicago a round amount. The pur¬chase of the American Radiator Com-eefiX ÄAJWtM About jâ^M ¿op»*" j

Morimura,Arai&Co./

Established Î876

44 East 23rd Street, New YorkBranch of

Yokohama Ki-ito Kwaisha, Ltd.

Yokohama, Japan

Raw SilkRaw Cotton, Piece Goods, Yarn

MachineryHead Office.Yokohama

Branch Offices and AgenciesOsakaShanghai AlexandriaTokio Hankow LyonsNagoya Bpmbay DallasKobeCalcutta Seattle

JewelryDiamond Dealers ReportShortage ofRough andCut Stones Abroad

Diamond dealers returning from theEuropean markets declare that theshortage of rough and cut stonesabroad has become acute. While theysucceeded in oftialning some stock itwas not as large as they desired, anda large percentage of it is of a poorquality compared with the class ofrtones formerly brought into this coun¬try. It is expected that within thenext few weeks many other local deal¬ers now abroad will be back with dia¬monds to help fill the needs of the man¬ufacturers in handling their fall busi¬ness.

Prices in Amsterdam, Antwerp andLondon are exceptionally high and thecompetition between the many buyersin the markets for the scant offeringsis keen. Amsterdam, the dealers re¬port, is still the leading cut diamondmarket, but within the last few monthsAntwerp has been rapidly regaining itsposition in the industry. Many of theworkers who fled from Antwerp toAmsterdam at the outbreak of the warare now returning to the former city,which is commencing to show signs ofreal commercial activity.According to reports from London

the diamond trade there is surprisedthat prices are not even higher thanpresent scales, in view of the world¬wide demand for the precious stones.

Large Imports of JewelsApril Figures Show Increase of

300% for Cut DiamondsImportations of jewelry and preciousstones into the United States have

greatly increased since the armistice,according to figures made public at theCustom House yesterday. In April, thelatest month for which figures areavailable, $4,710,048 worth of diamonds,cut but not set, were brought into thePort of New York, an increase of$3,405,287 over the same month in 1918,or a jump of 300 per cent.The April importations of uncut dia¬

monds also increased from $1,304,761in 1918 to $1,983,302 in 1919. Importa¬tions of pearls increased from $110,986to $362,545; of other uncut jewels,from $3,433 to $11,157; of other cutjewels, from $58,609 to $245,820.During the war yearly importations

of precious stones decreasod from$51,500,000 in 1916, a record year, to$24,272,000 in 1918. At present the de¬mand for the better class of gems inthe United States is far beyond thesupply.

Says Government Is BehindOn Conservation Methods

Dealers in all classes of scrap ma¬terial concluded a two-day conventionat the Hotel Astor yesterday with ageneral meeting of the National As¬sociation of Waste Material Dealers.Meetings of divisions associated withthe main body were held on Tuesdayand yesterday, at which various sub-jects of particular interest to theirtrades were discussed.At the general meeting F. W. Reiden-

bach, president of the association, toldthe members that he had had a con-feronce with a representative of theDepartment of Commerce for the pur-pose of discussing the best methodsfor the conservation of waste ma-teníais. Mr. Reidenbach declared 'thatthe government officials are far be-hind in their conservation plans andhad suggested plans that have beenfollowed for some time by the materialdealers.

Adopt Standard ColorsFor Shoe Top Cloth

Steps toward the standardization ofcolors in the shoe and hosiery industrywore taken yesterday by the WorumboCompany, woolen manufacturers, in an¬nouncing the colors it had selected forshoe top cloth. The colors selected.smoke, beech, mouse, bear, seal andgoat.were taken from the standardcard of the Textile Color Card Associa¬tion of the United States. The shoeand leather manufacturers and thehosiery manufacturers are expected tofollow suit, and thus assure the exactmatching of hosiery and shoes."Efficiency Vacation" for

Workers of Waist ConcernInstead of allowing its employes to

take their summer vacations at dif¬ferent periods throughout the season,the Lerner Waist Company will giveits entire working stsff, with the ex¬ception of those employed in the show¬rooms, a vacation from Friday, July.!, to Monday, July 14. The new ideahas been termed an "efficiency vaca¬ron." t f_

Licensing SystemSought to GuardU. S. Dye Industry

Emergency Tariff Bill» toPrevent German Dump¬ing May Be Ready in July,His Answer by Fordney

New York TribuneWashington Bureau

WASHINGTON, June 18..Inclusionof provisions for licensing German im¬ports of dyes in the peace treaty wasasked in a petition addressed to Presi¬dent Wilson by 2,000 American manu¬facturers and submitted to the House"Ways and Means Committee to-day.The petition asserts that only a

lictyising system such as is now inforce in Great Britain will save theAmerican dyestuff industry from de¬struction at the hands of the Germandye trust.Rufus R. Wilson, secretary of the

American Cotton Manufacturers' Asso¬ciation, emphasized before the commit¬tee that a high protective tariff wouldnot afford su^cient protection for thenew American industry. Legislation byCongress for the establishment of alicense system was indispensable, hnsaid.

Sees No Tariff ObjectionRepresentative Fordney, chairman of

the Ways and Means Committee, saidhe thought there would be no objec¬tion to a high tariff on importationsof dyestuffs or chemical glassware.He did not believe it would be pos¬

sible, however, to report out specialtariff measures before the middle ofJuly. Emergency tariff legislation willnot be carried in an omnibus bill, hesaid, but will be reported in separatemeasures providing protection for eachindustry endangered by German orAustrian dumping.

Representatives of the zinc industrytold the committee to-day that unlessspecial tariff legislation is enacted ontheir behalf the industry faces ruinouscompetition from cheap foreign zincore products.The zinc ore men urged the imposi¬

tion of a duty of two cents a pound onthe metallic contents of all zinc im¬portations. A bill for the impositionof this duty was introduced by Repre¬sentative McPherson, of Missouri. Rep¬resentative Howard, Democrat, of Okla¬homa; Otto Ruhl, mining engineer, andPaul Ewart, representing the Mine Op- .

erators' Association, appeared beforethe committee.Representative Howard said the im¬

position of this duty would create a

demand for American products l»ylessening the amount of imports andwould lead to the opening of theAmerican mines that are now close !.In addition, he said, the reopening ofthe mines would help solvo reconstruí--tion problems for a largt part of theMiddle West by taking care of ma"7returning soldiers formerly employedin these mines, but who now are out ofwork.

Chemi«cals

Smaller Stocks of CausticSoda in Hands of

DealersHeavy sales of caustic soda are re¬

ported for Japanese and South Amer¬ican consumption. A further reduc¬tion in second-hand supplies has takenplace. Conditions in the soda ashmarket are similar to those in thecaustic soda market and prices arestrong.

Benzoate of soda is in good demandand sales of some size are reported at$1 to $1.10 a pound for use in thepreservative trades. Offerings of Al¬satian muriate of potash are on themarket at $85 a ton, 80 per cent,prompt shipment New York. Bichro¬mate of potash is a shade easier andquotations on red prussiate of potashhave been lowered by some dealers.White arsenic is a trine firmer, with

sales of ear lots reported by firsthands at 8^4 cents a pound for promptshipment. Imported carbonate of pot¬ash has been advanced on account ofredueed holdings. Oxalic acid showsan easier tendency under more lib- -

eral offerings.Basket Weaver» Are Few

Rattan and willow baskets are in rel¬atively good demand, but production isimpeded by the scarcity of skilledworkers, most of whom, it is said, comefrom Europe. Basket makers beforethe war were paid an average wage of$18 a week, but they now receive «bout$40 a week. Some willow baskets havearrived here from Belgium^ one of thel*hiei *oorc«B# «4 »Plflfr