Show hIDES AXD LEATHER ADVANCED Utah SIitiiKlitercrs A re Xo however how-ever JleeeiviiiK the Benefits For the past several months the advance vance in the price of hides and leather I of all grades and classes has been steady and material until today these products are selling higher than for over ten years past Utah slaughterers slaughter-ers are not receiving anywhere near he full benefits of these advances however for the reason that they have contracted their hides to eastern east-ern houses at prices not in keeping with the present tone of the market Of course this is not the case with I all of the slaughterers but it is with the majority and the same may also I be said of the other handlers of hides I is anticipated that the advances in tilt raw products will materially affect feet the price of shoes As a matter of fact all of the new stock is now selling at higher prices than heretofore hereto-fore and one of the dealers predicts that the advance will be something like 50 per cent before many months unless there is a let up of the present conditions l other leather goods are of course equally affected > by the advance ad-vance in the quotations on hides and leather Inquiry as to the cause of this increase in-crease of price shows that so far the cattleraiser is the only one who is beng directly benefited by i When cattle on the hoof reached their lowest low-est price in the Chicago market a couple of years ago many stock raisers let their cattle die on the ranges in preference to paying the high price for feed and freight Then the price of live stock began to advante in Chicago which practi cally controls the cattle and hide market there was a responsive increase in-crease throughout the land This advance ad-vance in price kept on and today has reached the highest notch known for many years A prominent dealer in hides said yesterday that this increase was due entirely to the lack of cattle in the country Raisers said he let their stock die on their hands in reference t losing money The natural tural increase since the advance in price has not been sufficient to have any effect on the market and it will be three years more at east before any material reduction will be made in the price of stock Chicago governs the hide < and leather market of the country and the price of hides in the United States is determined by the rate in the Chicago market |