Evening Star Newspaper, October 21, 1927, Page 13

" LEATHEROUSTRY SN FIRM FOOTNG Stock Growers Determined to Strengthen Position of Their Breeding Animals. BY J. C. ROYLE. Special Dispatch to The Star, VEW YORK, October 21.—The her Industry after long, slow pro- has turned the corner. That hed for today by George ice president of the Na- k. Mr. Roberts is re- ather in dustry. “The leather industry has stabil- ized itself materially,” he stated. The reduction in the country cessive stocks of hides and 1 is a healthy thing and is having its effect on the gen good of the country. “I should say that leather is out of the morass into which so many indus- tries were sunk by the w: nd post- war conditions and may now be said to be pretty well beyond the reach of artificial conditions, except those aris- ing out of the fact that the tanning industry cannot control the volume of its supply of hides. That supply will, I suppos cs depend largely upon the count meat produ Adjustment Has Arri “The industry has been a long time adjusting . but the job appears to have been done. This is healthy, not alone for léather, but also for the various industrial activities depending upon leather, such as the manufac- ture of shoes, belting, harness, lug- gage, upholstery and certain {items of women's apparel.” Frazer M. Moffat, president of the Tanners’ Council, which represents the entire leather industry of the United States, confirmed the conclu- slons reached by Mr. Roberts. “During the last five years,” he said, “the adjective ‘excessive,’ which Mr. Roberts applies to the stocks of hides and leathers, has been quite proper. Five years ago we had enough sole leather on hand to last nearly a year at the normal rate of consump- tion. Today the supplies of leather are equal to about a month and a half's consumption. “The world supply of hides is deli- cately adjusted to the world’s demand for leather and so sensitive is it that the producer of hides and skins, which are the raw materials of the leather industry, now is benefiting from this technical situation by an increased value for his product. Such a situa- tion is good for everybody and should work for the good of the country as a whole. Farmer, tanner, shoe manu- facturer and consumer are all happier than when conditions were abnormal.” In 1922 there were visible stocks of sole leather alone, tanned and ready for use, equal to the hides of 6,250,000 animals, or 12,500,000 sides. These figures as of October 1, 1927, ‘when completely compiled will show the visible stock to consist of the hides of less than 1,000,000 animals, probably about 900,000, or 1,800,000 sides. This amount is by far the lowest on record, but it is still sufi- cient for the country’s need. Healthy Development Keynote. All the products of cattle hides have shown this sound progress as well as calf skins and great skins, which form the raw materials for a very large proportion of the world's supply of upper leathers. The tan- ning industry today is more than ever influenced by world conditions and the latest cables from abroad indicate that cotninental Europe as well as the United Kingdom finds itself in about the same position as this country. Healthy development is _the universal keynote. From the Midwest and the range States came word over the wires to- day that cattle liquidation has run its course. The high price for cattle and sheep has not caused heavy shipments or sales. In fact it has determined growers rather to strengthen the position of their breeding stock and replace many of those . animals which have gone to the slaughter pens. This will tend to prevent the stocks of green hides from becoming excessive. About 165,000,000 pairs of shoes AR | DIVIDED PAYMENT ACCOUNT PRIVI- LEGES READILY AVAILABLE = Give Heed to the (hallenge of Your Pride Enjoy the Distinction That is the Gift of the Daintily Artistic Gruen Wrist Watch especially em- ideal combination nd utility all Gruen- eces display. *35 Other Models Up to $150 phasizes t of beaut craft tir Lay Aside for Christmas Now tremendous Harris stocks of Jewelry, Diamonds, Watches and S rware are greater than ever in variety, You owe it to yourself to make first inspeciion here. R. Harris & Co. 7th & D ' Jewelers and Diamond Merchants Yor More Than Hall & Century - | States, were produced in- the first half of this year. This was a gain of 7 per cent over 1926, and production and sales are now proceeding at an even higher rate, with the outlook excel- lent for the remainder of the year. ST. PAUL, October 21 (Special.— The mill of the St. Paul Milling Co. recently destroyed by fire with a loss of $450,000 will be replaced by a larger mill. It will be located directly on the Mississippi so the product can be loaded direct on barges. FORT WORTH.—The usual number of Texas calves 11 be shipped to Northern States this Fall and Winter from the highland Hereford section. About 20,000 will be moved. NEW ORLEANS.—Country merch- ants are beginning to send in orders for dry goods for Spring delivery. This is the first time the trade can remem- ber such orders starting so early, It is taken to indicate that merchants expect higher prices for goods as a result of a short cotton crop. CHICAGO.—Owing to the smaller corn crop in the Eastern corn belt the movement of unfinished cattle to these localities has been 25 per cent under that of a year ago. Feeding in the Eastern States how- ever, is expected to increase sharply. YOUNGSTOWN.—Steel production in the Mahoning Valley shows im- provement over last week. Ninety- five sheet mills are operating, a gain of 28, while there is one more open hearth furnace in operation. - It has been estimated that eggs and poultry produced in the United equal in value all the gold and mined throughout the world. THE EVENING STAR, WASHINGTON, D. C, FRIDAY, OCTOBER 21, 1927. CONGRESS T0 STUDY HOUSING FOR ARMY Chairman Morin of House Commit- tee Says All Necessary Appropri- ations Will Be Made. Because Army housing conditions at many posts are deplorable and de- mand replacement, the incomi Congress will take whatever steps are necessary to supplement apprs priations already authorized for pe manent constructi - vious statio; House military sajd today. Mr. Morin recalled, however, that in the last C ss the military committee authorized an expenditure of approximately $15,000,000 for con- struction at Army posts a that it was the opinion of committec members that this amount, i he urgent needs The committee from the around_Maj. S| , chief of staff, who recalled from a Pacific Coast inspection tour because of remarks regarding Army housing puted to him in a speech at San Diego. He did say, however, that he thought the reported views of Summerall as to housing conditions at various Army posts were not exaggerated. COPPER OUTPUT DOWN. NEW YORK, October 21 (A).—The world's production of copper in Sep tember was 136,300 short tons, against 138,000 in August and 135,200 in July. the American Bureau of Metal Sta- tistics reports. The world's produc- tion of z was 665 640,000 tons, 106,700 tons, the' first hal WILL I'IGH:E MERGER. NEW YORK, October 21 (#).—Du luth dispatches to Wall str y ts in that city tons, and consumption a monthly average of ainst 103,800 tons in of 1926, 1l be presen . 8. Keiser, the Chamber of Commerce. struction of existing competitian that would result from such a con- solidation will be emphasized by the ' WALLBOARD| Pianos Also Fireproof Plasterboard MAIN OFFiCE 3 Gand CSix.SW. CAMP MEIGS PR SUardPa ArNE Brightwood, 5921 Ga. Ave. N.W. Another SERVICE STATION i America’s Finest Since 1842 1340 GSt. N.W. oy finc in the first half of 1927 |. traffic commissioner De- | LUMBER TRADE SLOWER. NEW YORK, October 21 (P).—Re ports from 500 of the larger commer- cial mills of the country to the Na- tional Lumber Manufacturers’ Associ- ation for the week ended October 15 show little change from the week be- fore. Shipments of softwood mills, however, were considerably less. A notable decrease in new business was shown, compared with a_year ago. with production and_shipments about the same. Hardwood operations wers larger in all three items than in tho ceding week. Unfilled orders of 226 v Southern pine and West Coast mills were 554,542,653 feet, against 561,045, 942 fec* the previous week. LAND BANK ISSUE EXPECTED. BALTIMORE, October 21 (Special).— Offering of $29,000,000 Federal Land Bank 4 per cent bonds at par is expected on Monday next. The secur- ities will be marketed, it is understood, by the banking group headed by Alexander Browr. & Sons, which has :\‘nnglcd the previous offerings of the ank. Rigid inspection assures best possible results ALL prints leaving our store are the best that can be produced from your negatives. That's fact. Our highly skilled developing and printing specialists see to that. For each print is subjected to a rigid in- spection before it is released to you. As a result of this careful scrutiny and personal at- tention we are often able through friendly advice to help you make good pictures even better. 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