Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
PRODUCE MARKETS
| IN F|RMER TREND
Rising Grain and Feed Prices
Prove Boon to Commod-
lily Situation.

ity Situation.
| Action of the markets for farm
products was comparatively good
around the first of the month under
the leadership OF rising grain and feed
prices says the United States Depart
ment of Agriculture Bureau of Aeri-
cultural Economics, Market News Serv-
ice. Trend of dairy and poultry prod
ucts Is still unsettled after recent
declines. and live stock was a week
feature in late October under liberal
supplies Cotton prices hold fairly
well. Gains are more numerous than
losses in the fruit and vegetable mar
kets
Potato Markets Irregular.
Sacked Green Mountain potatoes
were down to As cents per 100 pounds
in Northern Maine near the first of
November and the same variety brought
80 to IS cents on Long Island Western
ew York shippers received SO TO 20
cents on round whites and the North
Central States reported a range of so
TO SO cents per 100 pounds Eastern
Shore OF Virginia sweet potatoes held
steady at shipping points around 80 TO
85 cents per barrel.
Apple prices tended slightly upward
In producing sections. Yorks brought
$235 to $3.50 per barrel at Potomac
Valley loading stations Western New
York Baidwins were firm at 85 cents
per bushel, while cold-storage Green
ings sold at Sl25 The active pear
season is about finished. New York
Seckels and Kieffers we're jobbing on
slightly lower basis in terminal mar
kets. City prices of Eastern grapes
were steady to slightly weaker,
The Western New York celery mar
ket is stronger Cold-storage stock in
two-thirds crates returns $2,65 to S2.7S
at shipping points. Bulk Danish-type
cabbage advanced at Western New
York points. Onion markets were I'M
settled
Egg Markets Fairly Steady.
Following the sharp declines In egg
! prices during mid-October, the mar
kets steadied toward the beginning OF
November, particularly on mixed colors
from the Middle West which were in
only moderate supply. Owners OF
storage eggs seem willing TO sell freely
, on the basis Of recent quotations and
in some cases are making slight con-
cessions on large lots
The poultry markets have shown re-
Gently market lack of consuming de-
!, mand so that receivers have had to
SEND considerable stock to the freezers
I
dressed poultry reported held In cold
storage warehouses on October /,
speculative interests have restricted
their storage commitments. most OF
their purchases being confined to some
OF the better known brands. and even
OF those to very limited extent
Butter Market Unsettled.
Recent low point in the butter market
was reached October %. Receivers APP
parently felt that prices had worked low
enough and held back their higher cost
stock. The market tone in general was
unsettled. Chain stores in the larger
centers of population report a recovery
Of the consuming demand which was
retarded by the prices which prevailed
two or three weeks ago. Rural con.
;, sumption is believed to be slightly less
; than few weeks ago as high cash
returns for butterfat are attractive. The
price reduction has also had the effect
OF curling further importations from
Canada.
Il City cheese markets, partly rejecting
lower replacement costs. but also In
, | sympathy with weakening reports from
country points, ruled easy near the first
Of the month. Quotations on most
, styles Of fresh and short held cheese
, were fractionally reduced and there ap-
. peared to be an increasing tendency 70
shade prices in order to keep the goods
moving.
Live Stock Sells Low.
A few cattle feeders with choice
/, grain-fed steers and yearlings TO offer,
Jared well in the live stock marxet DUR
ing the final week of October The
weeks trade brought little but grief for
other livestock producers and finishers.
Grass and warmed-up steers selling for
slaughter, Stocker and feeder cattle,
| knf4a az las 4i.n
dropped to price levels lower than had
been recorded previously this season.
Cholce-fed steers and yearlings mean
while, with scarcity of such kinds more
marked than heretofore, advanced to
SEASONS highest point. A slump in the
pork loin market to the years lowest
basis, together with liberal marketings
of hogs at the weeks opening, con-
tributed to the depression in the live
hog trade, while the preceding weeks
heavy lamb slaughter created a glut IN
the dressed lamb market from which
the trade had not fully recovered at
October's closing.
The general situation on the Boston
wool market on domestic woods showed
little change near the beginning Of
the month. Activity was confined
largely to relatively small quantities
stocks on hand.
wheat az New High Level,
Il Domestic wheat markets continued,
firm and advanced during the last
week of October to the highest point
of the season. Increased export de-
mand for North American wheat as
result Of the smaller offerings from
; Russia and the Southern Hemisphere,
together with unfavorable growing con-
ditions for the new crop in parts Of
the domestic wheat belt were the prin-
cipal reasons for the market strength.
Rye and feed grains were helped by
the advance in wheat Flax was firm
under reduced selling pressure and
light offerings of cash seed.
Mill Feeds Higher.
Prices of wheat mill feeds advanced
in ate october SO cents to $225 per
ton. The strength was fairly well
divided between the various types Of
I wheat mill feeds. Cottonseed meal
prices continued their upward trend.
The bulge in prices which began
month ago has carried prices back 70
the level prevailing around the first
of September. Continued light supplies
IN the Southeastern States, together
with heavy buying in the central belt
and Southwest by exporters and by
the Northern consuming trade, we're
the principal strengthening features,
| but recent ginnings figures indicate
/ increased quantities of seed for crush
/ ing Advances In hominy feed prices
were for the most part IN Eastern mar
| kets, where the situation was rather
firm with an active demand for the