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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 05, 1919
Page
10
Advertising copy touting McLane silk quality from cocoon to yard. It highlights the Rope Edge Selvage and Beaver Trade Mark as guarantees, aimed at department store buyers and business getters for the silk department.
A garbled district notice from the Air Service Finance Division describes a cotton sale by the material section. It mentions 1-Potton Aleplana Fabrics of 8 inches weight per yard and irregular pricing per pound, referencing dyed sample fabrics and a disposal section.
Philadelphia dispatch reports advocates for uniform purchasing contracts and streamlined dispute procedures between buyers and sellers at the National Association of Hosiery and Underwear Manufacturers. Women led by Katherine Clemmons Gould urged easier to put on stockings, warned against rising prices and Japanese silk union suit competition, with former President Taft slated to speak at a banquet tomorrow night.
United States Steel Corp sold 900 tons of steel to General Motors. Prices matched Industrial Board recommendations and steel industry approvals. Post armistice demand grows with buyers seeking tonnage at ruling prices as reports of future price movement surface. Japan seeks 10,000 tons of rails amid broader U.S. production and construction activity.
Copper sellers hold prices steady as demand falls sharply. Producers show reluctance to sell below about 18 cents a pound, while some small immediate sales occur at around 18.25 cents. Futures rise to 17.0 to 18.0 cents with limited buying. Export prospects depend on peace treaty and international credit, with analysts noting a rebound likely once demand returns.
Garment factory salesrooms show surging demand for white washable skirts as hot weather spurs buyers, with stores forced to restock quickly. Manufacturers report slim inventories due to a recent strike affecting textile workers and cloak and suit makers.
Bleached cotton products remain in demand while other cotton fabrics see weak interest. Unbleached cotton by converters sells at reduced yard prices though buyers stay away. Mills limit unfinished material sales for prompt delivery, with print cloth 64-605 priced at 15 to 18 cents per yard amid market caution. Firemen and engineers strike at New Bedford mills narrows output of sheeting terms. Requests from China and Red Sea regions appear but high prices curb deals.
An Argentine official from Buenos Aires arrived in Washington to foster closer cooperation between Argentina and the United States on patent and trademark registration and protection. A Kepuonean Club gathering, led by Ramsay Peugnat of the Silk Association of America, started steps to form a permanent organization of trade secretaries with regular monthly meetings to discuss practical objectives.
Export demand for acetate of lime is reported good with surplus supplies being absorbed. Arsenate of lead shows strong seasonal demand with firm prices. Aluminum hydrate buyers take needed light or heavy grades for immediate use, small lots. Aqua ammonia stocks are heavy in jobber hands and offered cheaper than producers. Nitrate of ammonia prices range around 17 cents for large quantities with some sellers asking 20 cents for prompt shipment.
IEERE of the National Association of Credit Men warns merchants and credit grantors not to overlook rising debt risk amid prosperity. I Tregoe urges vigilance, caution in extending credit, and thrift in personal finance to safeguard the nation’s commerce and credit structure.
The commercial paper market sees a rising borrowing trend with higher money rates. Banks report rate marks up to 5% for top names while 5% is common for solid names, as western and out of town banks supply funds. Time loans offer definite rates but reduced liquidity, affecting rediscount options. Acceptance market remains weak with little sales, while fiftee n to sixty day prime trade acceptances run 6 and 6% per cent.
In instances where no tri Sie arcane transactions were recorded the term bid appears to indicate reported offers. The fragment suggests a note for commodity pricing or auction activity with unclear specifics and missing context. Further text would clarify the scope and entities involved.
Silk buyers now obtain most goods from jobbers while manufacturers struggle with delayed deliveries. Mills receive orders and expect profits as output contracts limit producer supply. Black silk varieties remain scarce though some French fabrics sell from samples. July to September arrivals, loom investments, and rising textile machinery demand accompany a labor shortage slowing production.
Sales of raw silk yesterday were light. Japanese grade prices eased about five cents a pound, while Shanghai quotes showed stiffness. Local importers attributed the drop to heavy spring cocoon buying in Japan, but expect the setback to be temporary.
Silk loom manufacturers report strong demand as mills began placing orders in early April. Producers say business has been brisk and note the need for affordable floor space for Paterson and Eastern Pennsylvania silk users to expand capacity.
A leading importer says trade in human hair goods has risen beyond any ten year peak as women buy large hats to enlarge their coifures. Before World War I Caucasian hair imports came mainly from Germany Austria France and Italy. Today Italy is the principal supplier with Chinese hair used for cheaper adornments.
Export sales of rubber goods increase with South American railroad officials placing orders for mechanical rubber equipment including corrugated tender hose airbrake hose and air signal hose. Some manufacturers report closed orders and pending negotiations. Scandinavian markets especially Norway Denmark and Sweden show strong demand with automobile tires in particular demand.
Washington reports several railroads asked higher freight rates for bullion and smelter products. The Southwestern lines requested a 6 percent increase over rates in effect before June 25, 1918 for routes from Brownsville and West Texas to Omaha, Chicago and Joliet, and Gary Indiana, among others. Other carriers proposed increases from Northwest producing points to numerous U S destinations.
Reports from salesmen indicate a broad range of fall and winter suits appealing to women with both strictly tailored and fancy models selling well. Manufacturers note varying skirt widths from bell shaped to close-fitting styles, driven by fabric availability and cost. The choice of cloth will drive suit styles as producers use what they can secure.
The Eastern Millinery Association launched a membership drive with a dinner at the Hotel Astor attended by 800 members and guests. Speakers included J. M. Moorehead and Alfred L. Simon among others from major millinery firms.
Just before Germany armistice, the U S Navy listed sixteen up to date battleships, thirteen of which were building, ninety two destroyers while 250 were building, and twenty nine submarines with two hundred two building.
Buyers for retail firms place advance orders for fur garments for fall and early winter wear with mid winter needs. Many large orders for long coats of Hudson seal have been booked. coats will likely be fifty inches with a large collar that can turn up for rough weather. Dolman style wanes among top retailers while semi demi dolman coats persist. Immediate buys focus on martens, Russian sable, Pekin scarves, and Kamchatka sables, priced wholesale from 150 to 50.
Mink fashion shifts from elderly to younger women with mink lane styles rising in coats capes and coatees for fall. Raw skin dealers report heavy orders for dark mink skins and prices advancing due to higher demand with London and St Louis auctions showing substantial gains from January prices.
Navy blue and sand tricolette hats from millinery retailers sell well, mainly for sports wear. A popular op shape features a grosgrain ribbon trim and bead accents. Out-of-town shops report transparent brims and lisere straw crowns selling, while fabric hats in satin and silk rise in the wet season as heat drives demand.
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