HIDES MARKET.

Waikato Times, Volume 121, Issue 20271, 13 August 1937, Page 12

HIDES MARKET.

W. WEDDEL A CO.'S REPORT. Wrlttng from London on July s Messrs TV. Wertdel A: Co.. Ltd., said:—Them has been a very satisfactory market during tho past week and prices have, In all cases, been Increased by about 5 per cent. s no |>!v--u!v now on the part of ■holders, ami since the American markets are gradually becoming stronger from day ll Is expected that values now asked will bo paid before tho end or the week. Further buying will depend to a large extent upon the next pjiaso of activity In North America, who so rar have led the way on a reeovery. Hide “ futures ” would appear to show that the market Js llkelv to be good in the States In the Immediate future. European Interest is keen, but there '.M leu.-e dl-d'lax ed In certain quarters. It Is thought that the rise In prices during the past fortnight has been far too rapid to bo maintained, but It must bo remembered that prices dropped to very low figures when this spurt of activity took place, and even today our contention is that the nominal value of most hides Is not, by any means, high IT It is remembered that those in March stood nearly *JO lo per cent, higher. Miscellaneous and colonial markets have l'c»n belter. New Zealands have gained M id "M cows according to weights. We-tneld rrcezer cows 30/SOIb, for r\ ’•id other shippers' quotations lor these o i urn ■id 7*L