New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-15

,,rRclAL CONVERSATIONS RISE IN THE
PRICE OF LEATHER NOT LIKELY TO
AFFECT PRICES OF SHOES.
,..co has been. for few days only. storm
~ misinformation regarding some big in
ce'" more or less involved in Wall Street. The
sres'. tale Of an iron and steel pool around the
chN"es interests with John d. Rockefeller get
Cai"oAy IN 6ght the combine, has been put to
n'e -, s,out denials Seemingly authentic denias
s'V ,a,ewed Yesterday Of the truth OF the per-
Se" chicago yarn that an English syndicate.
ss" nv the Harrod Stores Company, had been
heaua 20 buy up and operate in England patents
i',,g TO the American Tobacco Company.
,nortant piece of news in the tobacco world.
y" ~ and this does not come from Chicago
low. che National Cigarette and Tobacco Com
w has sold its foreign patent rights to large
Pa" soa,c OF English capitalists. who have formed
Hanv 10 promote the sale of the well-known
cum cum ~ cigarettes which has been used by the
M'ol Company 10 smoke the trust out. The
Na"h corporaton is to be known as the Bavon
sas, Machine Company Limited. with offices
Ve.uaon Its chairman is Mr.. Newton. London
u ,i Iva. who is also chairman of the Harrod-
Avn cor,pany The new company is capitalized
S'0, 400 OF which 100000 has been paid 10 the
~ -, cigarette Company for patent rights
w.. IN cash and $4,000 in stock. The remaining
49, e the working capital of the main cohpah!
~, 49, cohen. one of the directors OF the Harrou-
s.s COMPANY is the managing director Oh 'he
parent company. ...,,. oo,,,.rv is 10 form ad.
s,,onal stock companies IN ',e Nalioua -
- world 1t Is expected that the eNeeu'o,' Vi
o. "' .,u hiring the aggregate capital lhNoNeu
=" - s.veral million pounds sterhhe' Inc CON"
-, viii rent the machines out Oh ro!ai'S ~
- a this direction so far mas oeeh eN'eeN'as
W. ..s,r, a representative said yesterday. Inc
suc'''s.N =. his niece of news and its details as
- ras vouched for yesterday by prominent
So If the National Cigarette 'o"Pan''
VIM. ,ieca OF alleged news hallhg from Nhi-
Aho'"e. - - ,bst all the trusts which can
."e a. Tho old woman in shoe as II WERE h"o
NV go nrices which would result IN d great
iS.ncemert of the prices OF SHOES 10 INC poo''
,,or Smith Ely rdiculed the lned INA. 'i'o
- ios, neg. linen-lhread ana shoe-"a' So
- ,rpsts had done anything OF 'he Ai"u rs
w. ,ba leather trade" he said, "na'e,., az
-. ,bere Is is upon normal lines lhe "'ue ~"
80 has been Handicapped by 'he Cu''a f
' oa,,,s But nothing outside OF normal con,
ply VI "a -, q, tho trade so far as ! know.
D','''-. - ~ the firm of Keck & Mosser' d
nh,cb &c the largest and best known OUTSIDE
- ~ I-ri.ed States Leather company, '"e
nua ,rnst said: There will be no au|a"0e IA
~. n,ics NJ shoes upon the advance Oh 'n'eo 80
rauna which has been made In iea'her' me
,as.s nails thread etc. in Il shoe '"' ~ -,
-, sra,r,ng Of in the price Of pair OF shoeS
,,a =. shoe is determined by the price
-, ,,a leather and the amour, Of LABOR. IN "a !;
H. xalue Of A shoe is mostly the IauV, ~ aa,ber
IN advance of three cents pouIu AZ .eac,ing
therefore has no special sls"''''"''N
The price Of pair OF shoes ~,se IN leather IS
r5rmai one and due wholly 10 me II'il.seu W.
sunniv itself due In turn 10 the idl4t.s ''' ,hat
Ssile supply eighteen months ne1 Rat the
49, ,bs story was carried far ana VICE tia. III. ~
ume .ne monopoles in Chicago had aroitrarily
sIvanced The prices OF hides Seclrtdt -',a -
hen made trip through the West 10 a. a
NE matter and found as he repoI'ep ma , ',
,rorhie law In dearJh OF cattle AS II ,ahts 49, ~
wears 20 grow cattle 10 me ase e. 10 .,,,,aijon duo
iiSas We have not yet got over the situa'on az :
w. diminished supply OF cattle eighteen months
Mark Hoyt. president q the United states
trnst and Is engaged in legitimate trade We nave
not put up prices arbitrarily Any advance o IS
hssed on advances on hides There is no com
binaiion that ! know OF. The leather business mas
been a losing one this last year ~
anfe2p0rfers said they were busy. Prizes showed
an advance OF about one cent from ths iow lever
of August They were considerably above the low
marx Of April and May. with marked upward
tendency Present prices. however, are much be-
low those OF year ago being cents on Union
and ~ cents on hemlock. Boston reports yes
terday showed footwear forwa-ungs for the week
o. Sn7 cases. against H.AJ cases last week.
and s2l7S cases for the corresponding time last
5lis54s cases against 35O58 las. year for the
same time. decrease Of &0Soi IL Boston. Union
leather remained q cents. Union bellies, rolled
and rough. advanced TO y cents. Slaugh-
tered hemlock went up 2, 10 and !. cents. IL was
understood that some houses would advance the
urir- .O-da o