Business & Finance: Hide Exchange

To Manhattan last week came a Hide Exchange, the only Hide Exchange in the world.* More than 2,000,000 pounds of hide futures, with a money value of about $350,000 changed hands during the first day's trading. August hides sold from 16.78¢ to 16.82¢ a pound, with the sale unit 40,000 pounds. President of the Exchange is Milton Robert Katzenberg. vice president of Andreson Stern, Inc., Manhattan hide establishment.

Far from prosperous has been the U. S. Hide & Leather industry during the first quarter of 1929. Hides would sell at 19½¢, then would come a...

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