Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-18
live STOCK PRICES
BELIEVED STABLE
Seasonal Selling Expected to
Prevent Any Advances
for the Present.

Although every live stock price recess
sion in the last few weeks has been
followed by backward swing Of the
pendulum. it is becoming apparent that
advances beyond the current level hard
ly can be expected until after seasonal
liquidation has brought about an
abridgment of receipts.
If normal trends are followed, hog
receipts will continue to increase until
the middle of December. The market
is on the verge of traditional recession
in lamb receipts and cattle receipts
normally will continue heavy until the
latter part of the current month.
Fed steers and yearlings did not sen
quite so actively this week, the recent
boom in the trade giving away to- slow
ness and slightly lower price levels.
Buyers applied pressure at every turn
and attempted to beat prices sharply
lower in instances. Smaller receipts
helped a little in the matter of hold
ing up the market, as did the rela-
lively smaller proportion Of good to
choice light cattle. But good to choice
heavies predominated and had much to
do with the general slowneSs that swept
over the trade, suggesting to many that
we'll finished cattle have gone as high
as they are going for while.
Steer Prices Decline.
There we're by no means so many
good to choice long yearhngs, but last
weeks stability and Mondays activity
on heaYieS had the usual effect OF
bringing in an excessive run scaling
over 200 pounds. Then the hammer
ing started and as the week closed
weighty steers were Is cents or more
down and yearlings had lost rs cents
in most instances, although strictly
choice kinds just about held their own.
The general trend OF the market
was downward on all classes, with re-
tail trade less active and rather liberal
supplies in most coolers. Pork loirs
were sharply affected, losing about all
they gained in last weeks upturn.
Last weeks drastic price decline IN
hogs, however. was partially erased
during the early part OF the week by
head less than a week ago on IL prin-
cipal markets, although this is the
time of year when hog supplies usually
increase. The situation indicates there
is no rushing of hogs to market be-
cause of drought-deleted feed stocks 30
far as numbers arriving at the mar
kets are concerned. The principal
effect of the drought Is seen in the
lighter weight of hogs forming the bulk
of market receipts.
Advance Brings Offerings.
To some, however, the fact that more
partially finished hogs scaling 200
pounds downward showed up on the
Chicago market indicated a response
of feed The top of $1,000 reached
early last week brought forth numerous
loads of light to medium weight hogs.
many of which lacked only little OF
being fully finished. Very few pigs were
included. Trade advices indicate that
producers are ready to market their
hogs without carrying them to excess
sive weights and finish, and that few
are feeding to get the thick, lardy.
heavy type.
Demand for stocker and feeder cattle
continues broad, and is making up for
some of the deficiency experienced
earlier in the season. The feeder lamb
movement continues on fairly broad
basis, but many prospective purchasers
are reported to be trying to buy re-
placement lambs too far under current
values to permit of anything like
bread movement The result so far has
been that killers have been able TO step
in and take the meaty end OF bands
that would otherwise go to feeders.
Lamb Trade.
The lamb trade came In for more
than its share of grief during the first
four days this week due largely to a
single cause-bad distribution. AS an
opener, close to $4,000 sheep and lambs
arrived at Chicago in which evidently
was a countrywide gesture to get IN on
last weeks sharp upturn. Instead OF
accomplishing their purpose, however,
shippers went down together in a hectic
two-day drop which uSheTed in q new
standard of values and upset the dressed
trade momentarily. 1t took curative
dose of more than mild receipt reduc-
ton to right the market at the close.
The only optimistic sign now emerging
from the weeks dissipation is that cur
rent prices seem to be headed upward
while week earlier the trade appeared
somewhat top-heavy and ripe for de-
N.