LONDON HIDE MARKET

Evening Post, Volume CXXIII, Issue 59, 11 March 1937, Page 12

LONDON HIDE MARKET

Weddel and Co., London, February 4, reporting on the hide market, observed that "the effects of the serious flooding in North America, coupled with the still unsettled labour disturbances, have no doubt played a big part in causing the present holdup on the part of the tanners. The Packer hide market itself began to show signs of giving way and there was no other demand sufficiently strong enough to prevent prices being marked down. Nevertheless. European hides and other overseas markets have kept exceedingly firm throughout the week. The present trend, therefore, is a very uncertain one but it would cause no surprise if there was a rally in the course |of the next day or two. Miscellaneous and colonial varieties are quoted at prices which show very little change compared with a week ago, yet it is true to say that present asking prices are considered much too high. New Zealand freezer cows are" nomin- j ally 6 7-8 dto 7d; abattoirs, 6 3-8 d to 6Jd; Queensland D/S Meatworks 7?d to 7 7-Bd, with no buyers; Cape D/S 30/501b, are about BSd; dry South American hides are all l-8d to id cheaper. There is no change in the leather market which is steady to firm, but tanners ara not selling quite so freely as they would like. With the present decline of the raw hide market the forward position to tanners is becoming a little more promising.