Evening journal., 1920-03-27
HIGH PRICES NO DETERRENT IN UNITED STATES
BOOT AND SHOE TRADE

I'm RCES OF boots and shoes have apparently terrors
for the American public. The quantity Of material
being imported for their manufacture is two and onehaf
times as Is year and the being paid there
for four times as much The quantity OF hides Imported
into the United States IN the seven months ending with
january 1920 says stsiement'by the National city Bank
Of New York Is 5i50000O pounds asainst 2io009ooo In
the months OF last year. and the stated value SILL
100000 against s59o00oo in the months Of lss year.
While not all OF this material imported is used in the
manufacture shoes says the banks statement the In
crease IN those classes distinctly used for shoe manu-
featuring very great and this is true also as TO prices
The quantity Of calf skins imported In the seven months
ending with January 1920 500O0000 pounds valued at
2 0o000 against less than 100000 pounds valued at
lte over si00a0oO in 1919 while the average import
price n January 1920 5000 per pound against sAc az
She termination OF The war Noyemhcf 1918. Goat skins
used chiefly IA the manufacture Of shoes, show total
ior The seven months ending With January of s0OooOoO
pounds AGAINST 100000 the corresponding months or
iAe preceding year and the price IN Janrary e2o e5nc
per pound against 0sec IN January 1912 al 5tc IN the
month IN which ihe ended Dry goat skins actually
averaged more ihan 81 per pound flaVary, 1922 as
against ar average or 26e per pound h year pre-
cedius The war Hides OF cattle show total f5- ne seven
months ending with January Of 9oo0co pounds against
i0OoO0o0 IN the same months Of ist year. ani s aver
age price per pound IN January il20 3ifc asaat q c
In January 1912 .and 222c IN Noyember, 1858
This large Importation or this class Q, material a the
fiscal year i9i99so due IN part % ihe peculiar eond
ons during the closing years of the nar and especially
70 ne embargo which those nations participates % te
war placed upon the expectation % mate-iais ~ this
character and now that this embargo has been removed
she quantities which can exported larger than be-
FORE while he demsnd IN Tho United States due TO short
age Of supplies resulting from the embargo, greater
than usualsreaer than before opnarenilsfor the
quantity Imported not only FAR larger than before,
but at prices Far higher than before Present indi
cations arc that tho quantity % hides and skins imported
10 the fiscal year ending with june 1890 VIII approximate
ss00o0o0o pounds against the f5rmes higi record Of
7i4OooO0o Ia 1910 and Che ia the vicinity OF $780,
10000 as against ,he high record Of s26Oo0Ooo In i07
Apparently Tie quantity OF this class az manufacturing
material imported IN the fiscal year 1920 VIII be fully 50
per cent greater en Do ihe year preceding the war ami
e value nearly 800 per cent han ihe pre-War
year
Not all OF his increase. however apperans 10 or re-
suits from the demand ia he United States
very considerable proportion Of our manufactures OF
leather and leather products abroad The total
exnoration Of leather and manufacture thereof the
seven months ending with January 1920 is siso0oa0Co
against sS3O00Oo0 in the months Of 1919 and S6ooo
coo in the corresponding months OF i9is or three times
as much in the current fiscal year as in either OF
the two years Immediately preceding Should the present
rate continue the total exports of leather ana leather
goods in the fiscal year ending with June, 1920 VIII aP-
proxmste s3oo0oo0Oo asansi si00Oo0osQ in 1918 and
s5s 100000 in the year preceding the war,
Evidently the advance prices mas no greater ierFprs
for the foreign Of footwear flan for
people The average export price Of womens
shoes exported Jandary 1920 was s3T7 against s20
per pair in January 1919 and s7 per pair in the month
preceding the epeniHs b the HaF July 1914 MEMS shoes
also show similar IN export price Averaging
sato per pap in January, 1870 sgainst sl5 January
1919 ami ssi July i9i4 despite these advances IN
price the quantity exported noh Of mems ana vonens
hoes shows " 30 per- cent over he same
aes4od of Iast snd ' csn ile eo~s-pong