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Show No Drop in Prices Of Shoes Expected In Near Future NEW YORK. Ot. Yo There is no indication of an Immediate drop In foot-wr.ir foot-wr.ir prices. J. Frank McElwain, president presi-dent of the national boot and shoe m.-inn- I la. Hirers' association, snld tonight In a i Mntcment in which ho asserted that hlj j remarks at the middle states show i wholesalers' association comcnllon hero yesterday had been misquoted. Mr Mr. Elwsjq had been quoted as predicting I that shoe prices were due for a tumble after Christmas Mr. McElwain In his statement said that "shoe prices have never reached thc high peak represented by ths August price of hides" Although hides n.r declined 20 per cent In price since the August high point, shoe costs havo been based on still lower Mirures It was stated Desirable leather is also extremely scarce, he said 'It Is rny opinion that shoe prices for Fprlne will be no lower than at present. " thc statement concluded OO |