LONDON HIDE MARKET

Evening Post, Volume CXVIII, Issue 151, 24 December 1934, Page 10

LONDON HIDE MARKET

WeddeFand Co., reporting on the London hide market at November 15, -stated that "owing to the continued lull in the market prices have shown a tendency to ease slightly. Erigorifico Argentine ox hides were. sold at 59% cents, representing a decline of % cent in Argentine currency, but still equal to practically 4 5-Sd ci.f. These hides' were probably taken for North American . accpunt, • and ,it is to! be1 hoped that further buying will take , place .in this ; quarter. ; . Europe :is particularly slow .with the German demand practically nil,. and other.countries inclined .to be - cautious. 'Eyeri here it is admitted that the market 'under the surface is reasonably secure; biltbuying must continue on a larger scale' than at present if.values are to'be kept steady. European hides have on the!-whole been steady, With • certain selections showing declines. The colonial hide market is. poor.. Some interest ,is displayed for Australian ■ nohticky classes/also for' New Zealands. _ Shippers are holding-very firmly to their last prices. Capes are equally ' very steady owing to short supplies.' '> ;, ' ' : "Leather markets , are rather slow, and in ' spite " of; the wet-weather, the trade has not ;yet benefited to any extent.' There is a very good demand for the better' selections, which r remain, firm.- Any attempts to get higher; prices for, most mother grades of leather'have' not' met 'with much success." ' ' . ' ' .'.'■',. '