LOWER HIDE PRICES.

Taihape Daily Times, Volume XI, Issue 3462, 16 April 1920, Page 7

LOWER HIDE PRICES.

, —---o---h'.HA.RI’ DlsC_LlN]:} IN" AUCKLAND. F.R()M' 25 TO 30 PER CENT. OU’J.‘SIDE INFI..‘U.ENCES. TllO prices of hides at the Auckland sales on Tuesday show a considerable decline compared with the values ruling in March, when the 1-estrictipns on export were lifted By the Gciverhmenf. There was an -average offering, -but the grea.ter portion of the hides were passed in. Subsequently buyers purchased privzxtely, and the prices paid showed a decline of 30 per ceit for calf hides conlpal'ed with March. rzxfes, 25 per cent. to 33 per cent for light hides. uccolwling‘ to quality, 25 per cent. for medium. and heavy hiées.

Light hides made 15d per 1b as comp:n'od wi’Eh 21d to 22d in March. HO-av_y

were passed in at 15d to 18d, while in March, al'; \Vellington, 26d to 27d was

given for this description. Medium hides nmde from 16d t?) 1856!, against 22a to 23<] p'l'eviously.

V “The nmrket. in Auckland to-day 11:15 collzipsed and will not ret111"11. again to the prices ruling :1 .t'e\\' weel<.s‘ ago,” reln:lrked 2111 Aucklaml llu_vel-. He explaille(l that this was due to the luck of denland in tl1(~ United States. The leather trade was very dull, and the rate of' exe.ll-.lllge T\’:lS l)eeo1'11i11<,.: llrlllelj. which Inezlllt that. Ameri.c2ln importol's were not ope'l‘ntill_r_§ so freely. 'l.‘l:-e recent rise in the value of liides in New Zealzmd was also zlttributalfle to the pre:<ellee of .<\llstl':llian _tzlllners’ I'epl'esellt:ltives. who operzited in order to keep their tzmneries g(lill_Q_‘, some of them being prep:ll'ed to buy at a. loss in ol'del.' to do that. The Queens]-.1m‘.l nient worké were expected to open this month, collsequelltly there would -be large supplies of hides on the Australian market. in :11 few weeks’ time. In View of tlli.s, and the fe.ot;~tllat. it _l\'as hard to sell their surplus hides in the United Kingdom_, the Allstraliall tallller;< did not require New Zealuud llides. Some of tlle brokers, in View of the situation, were disinclined to sell, and preferred to mvait :tTurther ‘developnients. The buyer also Stated that the Wellington sales, which were to have been lmlrl yesterclny, would give a further indication as to values, and «.1 great deal would depend on the prices ruling there. ' V