Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-05
LIVE STOCK PRICES
REGISTER ADVANCE
Dairy and Poultry Products
Also Higher in Late
July.

Price movements of late July. and
early August were more favorable to
feeders than to crop producers, says the
United States Department of Agricul-
ture. Bureau OF Agricultural Economics,
Market News Service. Live stock, dairy
and poultry products showed gains,
while grain and feed markets were de-
clintng. Cotton dropped well below the
Scent level, but wool markets held firm
under improved conditions Of the wooden
industry. Changes In potato and onion
prices were generally downward. South
ern peaches reached low market levels.
WeAk Potato Markets.
Midwestern potatoes were weaker In
Central markets, but Eastern stock held
about steady in the large jobbing mar
kets. Peach markets were weak and
lower. Six-hasket crates or bushel bas-
kets Of best Georgia Elbertas were down
TO so cents on an I. o. b. basis.
Few sales Of onions are being made at
shipping points IN the Connecticut VAL
ley OF Massachusetts,, but the I. o. b.
level held at 81 10 per l0O-pound sack,
or ct IS cents for the 50-pound bags.
Markets for Southeastern watermelons
were somewhat stronger, as peak Of
the season passed. Eastern cantaioupes
were mostly weaker in city markets, but
Western melons held firm.
Bean markets ranged from steady to
slightly firmer around the first of Au-
gust. The stronger tendency is due
more to lighter offerings than to any
material increase in demand. inquiry
continued almost entirely for small lots
for immediate delivery.
Butter Buyers Confident.
Increase In speculative buying Of but
ter in early August had tendency to
increase confidence In the market at
the present level Of prices. Supplies Of
fair butter were scarce on practically
all markets. Some large users of fancy
butter continued to draw on their own
storage stocks and, In addition, pur-
chased fancJ storage butter whenever
fresh-made goods were dificult to OBJ
tain. Pasture conditions are exception
ally poor in some of the most important
butter producing States where Q year
ago pastures were good to excellent.
Some dairymen have already begun
feeding In order to maintain the milk
flow.
Cheese markets at distributing p0nts
ruled firm, except in Chicago, where
the tone appeared steady. Even there
the undertone was decidedly firm. The
situation was strengthened by an active
buying interest and by rather limited
supply Of quality goods. Considerably
less milk is now being diverted from
the fluid milk markets into cheese in
the Eastern milk region. largely because
Of the increased consumer demand and
the reduced milk now.
Egg Supply Moderate.
Receipts Of eggs recently have failed
to show the usual seasonal decrease,
but are slightly Id excess Of the receipts
for the corresponding week last year.
The major share Of arrivals continued
TO show the effects OF not weather, all
though dealers reported very little COM
plete loss Buying for the most part
muggy weather Of the past few weeks,
and with stocks Of the lower grades
showing some accumulation, pressure
TO sell became evident. and prices de-
clined approximately one-hah cent on
the cheaper grades. supplies OF the
better grades were limited and, al
though there was some disposition TO
push sales q little more aggressively, no
changes were made in quotations.
Both chickens and fowl, especially OF
the better quality in small sizes, were
relatively scarce, and under the stimu-
lus Of active buying prices worked grad
ually upward. Occasionally dealers re-
ported some accumulation of fowl OF
irregular quality on which they were
willing to make liberal concessions I'M
der established quotations, but on the
whole stock was firmly held, with the
dealers asking and receiving premiums
for fine marks Of recognized quality.
Cattle Market Active.
An active demand for the relatively
small proportion of strictly grain-fed
cattle sent prices up IS TO so cents on
steers and yearlings near the first OF
August. Vealers advanced 81 TO $50 81
Chicago.
Hog prices ut Chicago again reached
q top of $40, which was equal to the
highest since last March and within
10 cents Of the top for the year 10 date
A year ago the market was at the
threshold Of sharp advance. which
carried prices nearly 50 higher in two
weeks period, but such sharp advance
Is not Anticipated by trade interests this
year.
Substantial price advances in the Chi
cago lamb market were partly lost by
the first Of the month, leaving fat
lamb values steady to IS cents higher
than o week earlier, with sheep mostly
IS cents higher and feeding lambs
Sentiment in the Eastern wool mar
kets was confident near the flFzt Of Au-
gust. While price advances were mod
crate. and more or less scattered.
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