Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-01
STRONGER PRODUCE
MARKET REPORTED
Price Movement for Farm
Supplies Has Shown Up
ward Tendency.

ward Tendency.
Price tendencies were upward near
the first of July and the tone Of the
market suggests increasing confidence.
says the United States Department Of
Agriculture, Bureau Of Agricultural
Economics, Market News Service.
Strongest features were cotton, grain,
dairy and poultry products Continued
heavy supplies of live stock and green
produce hampered any tendency to re-
covery In these lines but peaches and
a few Of the vegetables made price
gains.
Melon Prices Declining.
Watermelon prices are declining as
shipments in the Southeast approach
their annual peak. Georgia is expect
ed to have a crop Of only 2l.000000
melons, or 100000 less than last
season,
AS the North Carolina potato season
neared an end prices of Cobblers ad-
vanced to 81 .6oa$1.75 per barrel in that
State. Eastern Shore of Virginia po-
tatoes had declined to bottom OF $1.75
per barrel, but recovered slightly.
The more important varieties OF
peaches are beginning to move from
Georgia, although the season Is still
delayed and sizes of fruit are still
running small. Last year the first
Hiieys left Georgia June Is, whereas
this year the first will likely move
this week Prices in producing sec
tions advanced near the first of July
and for the first time since peaches
started rolling in volume this season
shippers and farmers have cleaned up
their holdings.
A scarcity of good lettuce Is helping
push up the price. Warmer weather in
the large city markets apparently Stimu-
lated the demand for tomatoes and
prices advanced in spite Of the relative
" heavy shipments. Cantaloupe mar
ketS were weak and prices lower.
New York bean markets were quiet
with beans moving in only fair amounts.
and mostly in less than carload lots. The
market for red kidneys was weak with
prices sharply lower at New York and
Michigan markets
Butter Trade Confident.
Confidence bebcame more general in
the butter market by the first Of July
and buyers began to operate q little
more freely. Even at the advancing
prices, stocks of butter are rather close
" cleared in most markets. Warmer
weather Is increasing the demand for
milk for table use and for fountain
drinks, also the demand for cream for
the production of ice cream. Fluid
cream markets were reported improved
owing to increased demand. thus reduc-
ing the quantity available for butter
manufacture. Prices en- all txiFure con-
tracts in the Chicago mercantile ex-
change advanced.
The city cheese market situation at
the end of June varied somewhat in
the different markets. At Boston the
L,;e IT, nvu
York the one-fourth cent advance on
fresh styles was well supported; at
Philadelphia and Chicago dealers were
less optimistic due principally to some
let-up in speculative demand. On the
whole. the volume Of cheese moved at
all points was probably somewhat under
that Of the previous week.
Egg Markets Gain.
In response to an active consuming
and speculative demand, egg prices ad
vanced / to 1s4 cents in New York
during the last week of June, and other
important distributing markets followed
suit with similar. though less marked,
price revisions An increased retail de-
mand apparently contributed to q
lighter net into-storage movement than
either during the corresponding week
year ago or during the previous week
this year.
A firmer tone in the poultry market
was reflected in a recent advance of the
better grades of live poultry at New
York. Frozen poultry held about steady
on all classes except top-grade flyers,
which advanced cent late in the week,
due to good demand and cleared sup
plies. Turkeys continued firm under
light offerings at unchanged prices. A
shipment of 1900 boxes of Argentine
turkeys is expected to arrive in New
York early in July. 1t is reported that
these will cost around IS to 81 cents,
laid down, that market for young toms,
domestic birds in this class, are now
quoted at from SO to As cents. A net
into-storage movement Of dressed poul-
try in the principal market centers in
stead Of a continued net out-of-storage
movement, as a year ago. reflects the
comparatively heavier receipts.
Live Stock Market Weak.
Continued heavy selling Of cattle re-
suited in declining prices near the end
of June at Chicago, heavy steer values
falling back to the bottom levels Of the
preceding month, when prices were the
lowest in 20 years.
Heavy butcher hogs at Chicago con-
tinued relatively scarce, also well I'm
ished hogs scaling below $50 pounds
and particularly below 220 pounds.
Prices tended slightly lower. The per-
centage of packing sows showed sea-
sonal increase, the total on some days
at Chicago reaching IS to 40 per cent
Of the salable supply.
Choice lambs and yearlings declined
slightly, but prices of other classes and
grades were mostly unchanged. Occa-
sional declines of IS cents brought
prices down to the lowest point since
1914 Native lambs outsold Westerns
early. topping at $3.50, but the late top
was not over 1925. The bulk Of good
and choice native eve and wether
lambs brought SITS to $8.25.
Improved sentiment in the Boston
wool market. resulting from a change
in buying policy on the part Of some
manufacturers who previously had pur-
chased only enough to cover orders for
goods, created heavy turnover in wool
stocks. This resulted in q general
broadening tendency in prices OF comb
ing woods. While most advances were
within the range OF prices previously
quoted on a few lines, the price ranges
were moved upward.
Grain Markets Firm.
While cash wheat prices dropped
sharply to new crop basis In domestic
markets near the 1st of July, f1rmer
tone developed in futures markets as
result of the continued unfavorable out
look for Spring wheat in North America
and prospects of some Improvement In
economic conditions in Europe.
Corn advanced to cents per bushel'
influenced by the strength in wheat
and also by the fear of cr1p damage
from the hot, dry weather which pre-
vailed recently over much Of the belt.
Rive. oats and barley were f1rmer with
wheat and corn, while fax advanced
sharply. largely as a result OF unfsvora-
BILE new crop prospects.
Mill Feeds Fairly Steady.