Show HIES HIDES HOLD HOPE AS SIGN BUSINESS BUSNESS B By VICTOR EUBANK EUA Associated 1 Tress Financial Writer NEW N YORK Nov 20 P Words Vord of cheer for the farmer in particular particular lar and business in general emanate ema ema- nate this week from that part pat of New NewYork's NewYork's Yorks York's financial district which seldom sd- sd set sel dom dorn gets in the headlines the headlines the the hide exchange Armand Jr vice president of the exchange and president of Fits Associated Inc de declared de- de de dared after reviewing visible stocks throughout the world and the recent activity on the hide hido exchange that the market in his opinion had ha seen its Is lowest quotations for some time and ad that agriculture and industry were slowly but surely coming back to normal noral A uA rise in hide prices has ha Invariably invariably Inval ably preceded prosperity by from three to six months said and next year the farmer should be getting a price for his hides that will wi make it worth while for him to take them to m market Hide quotations quotations quota quota- tons and trading are now advancing advancing avancIng ing in such a n way wy as a to Indicate that thai business is returning to t normal explained that he was speaking as a the president of his firm one of ot the worlds world's leading hide dealers and not as a an official of ol the hide exchange The firm fir has ha prepared a chart to substantiate the argument that hide prices always indicate in advance avance the trend of the industrial and and agricultural conditions Hide prices struck bottom a few tew weeks ago ago at 6 61 2 12 cents cent a pound equaling the low quotations of 1921 Since then the prices have havo climbed back to around 8 cent cents a pound pound Hides ldes are ale the only commodity said that in spite spie of lower consumption have been been able to show a reduction In the visible supply In Inthe Inthe Inthe the United States the visible supply was wa 1600 on September 1 1 1930 and 1500 on September 1 1931 The visible supply supply- In 1921 in America Amer ica wa Ic-wa was pieces piece or hides I have hav never known the worlds world's hide market so closely sold up The worlds world's production Is at least leat 35 per percent percent percent cent below that of 1929 and 25 per percent percent percent cent below 1930 The worlds world's normal normal normal nor nor- mal production is 1000 hides annually |