120 ASSOCIATIONS FORMED UNDER THE EXPORT TRADE ACT, APRIL 1918 TO DECEMBER 1939, REPRESENTING 2,074 MEMBER COMPANIES-Continued

120 ASSOCIATIONS FORMED UNDER THE EXPORT TRADE ACT, APRIL 1918 TO DECEMBER 1939, REPRESENTING 2,074 MEMBER COMPANIES-Continued

120 ASSOCIATIONS FORMED UNDER THE EXPORT TRADE ACT, APRIL 1918 TO DECEMBER 1939, REPRESENTING 2,074 MEMBER COMPANIES Continued

American Tanning Materials Corporation-Con.
Smethport Extract Co., Damascus, Va..
Smoot, C. C., & Sons, Alexandria, Va...
Southern Extract Co., Knoxville, Tenn__
Watauga Extract Co., Elizabethton, Tenn...
Young, H. E., & Co., Charlottesville, Va...
American Textile Machinery Corporation, Boston. -
Organized in 1919 to handle export sales of tex-
tile machinery, in the European market, the
association operated successfully reporting
in 1922 a saving of one-third in expenses
through consolidation of export arrange-
ments. Market conditions abroad, how-
ever, led to withdrawal from the export field
of some of the members, and those remain-
ing decided to sell individually. The asso-
ciation was therefore dissolved in 1925.

Members (stockholders)

Crompton & Knowles Loom Works, Worces-
cester, Mass___

Draper Corporation, Hopedale, Mass.

Ketchum, Phillips, Boston...

Lockwood, Greene & Co., Boston_.
Saco-Lowell Shops, Boston.

Whitin Machine Works, Whitinsville, Mass

American Textile Trading Co., New York.......

Organized in 1930 to export cotton yarns and
goods, the association operated successfully
until affected by the depression and political
situation in Latin-American markets, and by
depreciated currency in Europe, which les-
sened the volume of exports and led to dis-
solution of the company in 1934.

Members

120 ASSOCIATIONS FORMED UNDER THE EXPORT TRADE ACT, APRIL 1918 TO DECEMBER 1939, REPRESENTING. 2,074 MEMBER COMPANIES-Continued

Railway Steel Spring Co., New York__

Locomotive Co., New York.

Railway Steel Spring Division of American

Standard Steel Works Co., Burnham, Pa. American Webbing Manufacturers Export Assoc., New York.......

Formed in 1919 to export elastic and nonelastic webbing manufactured by the member companies, the association developed a profitable business abroad. It reported that: "Perhaps the principal advantage in the export company is found in the fact that it relieves the members of the multitude of details peculiar to export business, which would not be easy for them to handle owing to the fact that the factories are all in the interior. There is a great advantage to the customer whereby he is enabled to purchase the most of his wants or requirements in this line from one source * * * he has been able to see either at the offices of our agents in the several countries, or at our offices in New York if he came here, a very complete line of elastic webbing and other articles, whereas he would have to visit many places to see the same merchandise in our members' offices." In 1932 the association reported losses due to depression conditions, the exchange situation, and the fact that lower costs abroad made it impossible to compete with products of foreign competitors. It was therefore dissolved in 1932.

Members

American Mills Co., Waterbury, Conn-
Ansonia O. & C. Co., Ansonia, Conn.---

Colton, Geo. S., Elastic Web Co., Easthampton,
Mass

1923-34

1934-39

1923-39

8 1919-32

1919
1919

1919-28

120 ASSOCIATIONS FORMED UNDER THE EXPORT TRADE ACT, APRIL 1918 TO DECEMBER 1939, REPRESENTING 2,074 MEMBER COMPANIES-Continued

American Webbing Manufacturers Export Assoc.-
Continued.

Conant, Houghton & Co., Inc., Littleton,
Mass

Everlastik, Inc., Chelsea, Mass..

Rhode Island Textile Co., Pawtucket, R. I..
Sanford Narrow Fabric Co., New York
Waterbury Buckle Co., Waterbury, Conn..
Associated Button Exporters of America, Inc., New
York..

Formed in 1921 to include a number of button
companies, some of which were filing sep-
arately under the act; the association estab-
lished agencies abroad but met with keen
competition from foreign manufacturers
whose production costs were lower, espe-
cially the Japanese selling in Latin-American
markets. Sales were made for several years,
but the association finally became dis-
solved in 1933.

Members (stockholders)

1919-28
1919-28
1919
1919-28

1919

American Pearl Button Co., Washington, Iowa 1921-33

13 1921-33