Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-09
REACTION IN HIDES.
A Boom Worked for More Than It
Was Worth by Spectators.
FEATURES OF LEATHER MARKETS.
A Southern Dealer Talks of Pittsburg as q
Fruit Market.
SIGNS OF ABUNDANT PROSPERITY

OFFICE OF The PITTsBURG DISPATCH
SATURDAY. June 2. 1890.
The boom in hides and calf SKINS noted in
this column few weeks ago has subsidized.
Dealers and packers tried to make too much
of the boom and there has been a consequent
reaction. The speculative influence entered
ners refused all the time to pay prices asked,
and dealers have at last come to their views,
which place prices Nc to Ne below asking
prices. AS a result of this concession tan
ners are buying more freely and markets
are more active than they have been for a
few weeks past. The boom in hides and
calf skins was worked up for more than
there was in it, and we are now having the
consequent reaction. As it is light hides and
calf skins are Ic per pound higher than they
were go days ago, and heavy hides are Nc
higher. Markets are now steady at these
rates.
Said a leading dealer to-day: "Hides and
calf skins have been entirely too low for year
or two past. 1t is not over five years since green
calf skins sold at 12c to 13c per pound. Within
a few months they went down to SIC. Nov
they are &c, and markets are steady al the ad-
vance, 1t is plain that the new-fangled lmita-
tlons of calf skins. in the shape of grain leather
wane, and that there is a disposition on the part
of the people to return to first principles and
use the old-fashioned calf skin for foot wear.
Certain 1t is that there is a growing demand
for calf skins, and prices are steadily moving
up of late. The trouble is that spectators at
tempted to boom markets too fast on the late
rise. but there is no doubt that we are having a
legitimate advance, and that it will be long
time. if ever, when prices will be SO low as they
have been year or two back"
Harness Leather.
Harness leather is steady at the late advance.
Allegheny tanners report active trade and no
accumulation of stock. Said a representative
of one of the leading firms to-day: "Trade is as
good as could be desired. In fact, we find 1t
impossible to fill orders for assorted stocks.
and would be glad if trade would slacken up
for month or SO until we get little stock
ahead. As il is we cannot I'LL orders as prompt
ly as we would like"
F. w. Norcross, editor of the Shoe and
Leather Reporter, took in Pittsburg this week
on an extended business tour. He has visited
all the leading leather centers of the country,
and said: II have never known the time when
stocks in the hands of dealers were as light as
they are now. There cannot be any change
but for the better in the present bare condition
of markets"
There is a strong undertone of confidence in
the future of the hide and leather trade in the
views of our leading manufacturers and deal
ers.
A New Orleans Fruit Dealer Talks.
P. H. Nagele, of New.Orleans, dealer in
fruits and nuts, paid his first visit to Pittsburg
this week. He was here to dispose of five car
loads of potatoes and two car loads of lemons.
In an interview Mr.. Nagele said: SIN New Or
leans the fruit and vegetable trade is now very
quiet. The season is about over, and as had
some stuff on hands that wished to dispose OF,
in looking over the trade situation at Northern
cities, made up my mind that Pittsburg was
in as prosperous q condition as any other trade
center and so brought my stuff here. have
discovered since my arrival that did not make
a mistake. The signs of prosperity are every
where to be seen in your city. New potatoes
are now selling in New Orleans at 81 IS per bar
rel. The freight on them to Pittsburg is 4c
per barrel, and price here now for good stock is
So 90. leaving a fair profit after all expenses
are paid. Trade in our line has been extra
good in New Orleans up till the past week or
two.
Nov with the advent of hot weather, busi-
ness is quieting down and the next few months,
until cold weather sets in, we will have our
dun season, when the principal business will
be the effort to keep cool"