Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-10
THE TRADE OUTLOOK.
Hides Keep Drifting to Lower Level
and Leather Slow.
THE MARKETS DOWN TO HARD PAN
Spring Patent Flour Down to Its Lowest
Point This Season.
ARE WEAK AND SLOW
OFFICE OF PITTSBURG DISPATCH,
SATURDAY, November 6 1890

OFFICE OF PITTSBURG DISPATCH,
SATURDAY, November s, 1890.
The hide market is unchanged, but weak
er. 1t was the general view of dealers few
days ago that prices would be reduced by
the powers that be before this time. While
there has been practically reduction in
prices, nominally the old rates prevail. The
differ ence between green and salted hides
ordinarily is about 15c per pound. AT
this time, for some reason that cannot be
Present price of buff hides is &c per pound,
which is close to the lowest point
reached last spring, when prices were lower
than at any time since the war.
The season is now here when country people
do their killing, and as result the offerings OF
country hides are unusually large There is
very little life to the hide trade, but the gen.
eral view of dealers and tanners is that prices
are down to hard pan and that future changes
will be toward higher level Harness leather
Is quiet but prices are well maintained. Tan
ners report some accumulation of stock, but
are not at all uneasy, as this is the rule at this
season of the year. Tanners have more points
to watch than others engaged in the hide
and leather industry.
The butcher has always ready market
for his hides and calfskins at some price,
while the tanner has to watch the
ulue. leabHeE anu DARK maTkeI all tile
time. and il he does not watch these mar
kets very closely these times of close margins
and small profits he is very likely to be left.
The following is from the current number of
the Shoe and Leather ReUieW as to the situa
tion of the utber trade:
The Rubber Trade.
"a specially active movement in rubber goods
is reported in the East. The companies are be
hind on their orders The demand still centers
on light goods, of which the mills are out oi
stock and unable to fill orders promptly. Con
siderable quantities of warm lined goods and
lumbermen's boots are in stock awaiting the
call which will come with the advent of, severe
weather. There has been a good deal of wei
weather all through the fall in nearly all sec
tions of the country. This has stimulated the
sales of lightweight rubbers. There has been
slight fall of snow in Chicago during the
week, which has served to accentuate the
hopes of the trade that the coming winter will
prove a good selling season for rubber wear
All accounts agree that neither retailers mol
jobbers have anything like large stocks on hand
Altogether the outlook is fairly auspicious."
Flour Situation.
One of our leading jobbers of flour had this
to say of the situation: stock of old spring
patents are well nigh exhausted. and new stock
is getting into condition, and will soon be as
good as the old. Prices are now close to bot
tom. Within the next ten days -four will nc
doubt, reach its lowest figure for this season.
Stocks in hand OF our wholesale flour dealers
are light, and it is hardly possible that any
lower prices will prevail. The recent break in the
wheat market in the Northwest which lowered
prices from to 4c per bushel, has had the eff.
feet of staying any upward movement in
-four"
Our country is big and it is next to impossi
BILE for spectators to boost prices tor any
length of time. While crops may be short in
one section. they are large at other points, and
it is demonstrated that there is bread enough
and to spare in the land.
Provisions.
Prices in this line remain as they have been
| for few weeks past. Receipts of hogs at Chi
cago for the first five days of November were
the largest on record. The average was about
| 5000 head daily. Top prices for the past few
| days have been 81 10 to 81 Is per hundred.
Hams and lard are Iikelv to go higher before
| they go lower. The advancing price of feed in
duces stockmen to push stock on the market as
fast possible, and for this reason live stock
is a drag and likely to continue SO for some time
to come,