Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-06
THE TRADE OUTLOOK.
Hides Have Been Reduced by the
Allegheny Tanners, and
PRICES ARE LOWER THAN EVER.
The Bull Movements in Cereals Seem Short
Lived This Season.
lBosToN VIEW OF THE LEATHER TRADE
OFFICE OF The DISPATCH, !
PIrrsBURG, SATURDAY, June 4. E

OFFICE OF The DIsPAToH,l
PIrrsBURG, SATURDAY, June L. E
It will be seen by reference to home mar.
ket column that all products of the dairy
are at their lowest price for this season.
Elgin creamery butter is &c per pound
lower than a week ago, and slow at the de-
cline. Ohio and New York cheese are of
about 1sc per pound within the week, and
as to country butter the trade is entirely de.
moralized. Immense quantities were
dumped on to our markets, which were sold
at 10c per pound, and the best could not be
sold at more than 13c to lac per pound
In the week past choice old potatoes have
been very scarce in this market, and prices
have advanced from. SOC tc zoe per bushel.
In the same time Bermuda and Mobile new
potatoes have declined about 50 90 Fer bar
rel. The hot weather of the past few days
has brought heavy demands on tropical
fruits, especially lemons and bananas, and
markets are very firm. Apples are about
over for this season. The egg market has
been about stationery all the week, with lie
as top price for job lots.
In Cereal Lines.
The upward movement of shell corn dur
ing the latter part of May, came to pause, a
few days before the month expired, and
since that time prices have declined 4c to
&c per bushel from the highest point All
bull movements in cereal lines seem to be
short lived this season. Once prices are ad-
vanced few points, an abundance comes to
the front showing that there is plenty in
the land of last years abundant crops Ear
corn did not join in the upward movement
of shell corn and is fairly steady at old
prices. Oats have proved the strong factor
of cereal markets during the week. Prices
have steadily been moving upward, and
Saturdays markets were &c per bushel
above those OF the previous Saturday. Re-
ceipts of wheat and flour have been large for
the week and markets are quiet in both
lines. Mill feed and hay are slow at shade
lower prices than were obtained a week ago
Drop in Hides and CaIfskins.
The action of New England tanners in
curtailing production of leather is already
felt here in lower priced hides. Pittsburg
and Allegheny tanners Joined together
within few days and agreed unanimously
to reduce quotations, the new scale to take
effect on Monday, June g. The prices agreed
on are the lowest in the past generation. A
leading dealer said to-day: II have never
seen prices as low as now, and with the low
prices We are having of late very slow mar
kets''
Following is classification of hides and
scale of prices adopted by the tanners of
Pittsburg and Allegheny City, to take
effect Monday, June 9, 1892:
Green steer hides, trimmed, rs lbs and up. 6
Green steer hides, trimmed, so to rs lbs
Green steer hides, trimmed, under 90 los-..... 34
Green COW hides, trimmed, all Weighs, 81
GLeen bull hides trimmed, all weights
G7een csiskins, 10. a----...-..-..-...--...-.--. 5
Green steer hides, trimmed, side branded 4
Green COW hides trimmed, side branded.
The Leather Outlook.
The Boston Hera'd has this to say of the
situation and prospects:
The situation in the leather market shows
a decided Improvements While boot and
shoe manufacturers are not unanimous as
as to the Importance of the movement for
curtRilment, they show their practical faith
in it by the amount Of leather they are buy
ing. Upper leather has not Ielt the good
effect to the same extent as has been noted
in the market for sole leather, but still there
is a decided Improvement there, ana the
outlook for the month is considered very
good. Prices cannot be changed, but deal
ers are getting 1ull quotations, and are
really selling considerable leather without
making any concessions. Some sole leather
dealers report the May business as very
heavy, and the June business as promi sing
Very we'll Others are more conservative,
but all are feeling the good effects of the
movement As matter of fact, there has
as yet been no dimunitfon in the receipts of
leather, but this will come later, and will be
distributed through the next three months
as the agreement was to shut down for 80
days, without specifying the exact time
each tannery should begin. The result OF
this action is being largely discounted, and
stocks are being well worked down.