Evening star., 1932-11-29
PRICE GAINS HELP
MANY PRODUCERS
Butter, Potatoes and Lambs
Advance Despite Drop
in Other Lines.

Price gains on butter potatoes and
lambs, the last week Of November were
important to many producers, accord
ing to the United States Department Of
Agriculture. But the further declines
on such leading farm products as cot
ten, gram, beef cattle, poultry and
eggs, were decidedly less encouraging
features. Butter replaced eggs in the
Upward trend, because OF expected
ch1nCes in supplies OF both lines
Poultry especially dressed turkeys,
scld lower than expected Thanksgiving
week and the market still is depressed
Grain and cotton responded unfavor-
ably to foreign market and currency
developments Live stock felt the dull
ness usual during the poultry season.
Potatoes are holding recent gains with
tendency to advance in some producing
sections. Cabbage fully maintained the
November rise of 81 TO 81 a ton at
country shipping points, Apple markets
are irregular without much change of
trend
The butter market showed price
gains OF l to 2 cents the last week of
November. At New York, fancy storage
top grades were difficult to find Other
items adding to the strength OF the
market position were tine increasingly
favorable storage situation. continued
decrease of the fresh output as COM
pared with year ago and a fairly sat-
ls1actory consuming demand Some
operators were cautious, suspecting that
The higher prices to consumers are pos
siniy check to consumption and that
the rising butter prices may be an
incentive to heavier feeding which
would lead to an increase in produc-
tlon. The net reduction In storage
holdings continues to exceed that of a
year ago by a wide margin. The make
OF butter continues to show sharp de-
creases from that Of year ago at all
points.
Cheese Prices Higher.
With the improved butter markets
came also more confidence in the cheese
position. Fresh cheese was full steady
IN distributing centers and firm at
country shipping points, this firmness
peing reflected in an advance of one
nall cent In Wisconsin producing Sec
tions near the end of November.
The Thanksgiving market was lib
orally supplied with turkeys. Whole
sale and retail prices were the lowest
since before the World war. Retail
prices in the East ranged around 25 to
29 cents, although in some of the cut
rate stores prices were quoted as low
as 20 cents. The demand was slow
ana even more conservative than had
been expected, forcing receivers to shade
prices closely in order to obtain any
sort OF a clearance, 1t is impossible
70 Judge at this time the extent of the
carryover, although in some quarters
it is considered large. The plentiful
supplies OF turkeys and the low prices
for which they sold tended to slow
down the demand for roasting chickens
Prices OF dressed fowl held strong until
the end OF November. Supplies were
light and cleared closely under a rela-
lively good demand. end in some cases
dealers were forced to use refrigerator
goods to supply the trade Prices ad-
vanced about 2 cents in mid-Novem-
Der, but the gain was partly lost and
the range, Of sales In New York ssgged
back near the level prevailing early in
the month.
The supply Of fresh eggs continues
limited, but dealers are not encourag-
ing large shipments to arrive at cur
rent prices. During the Thanksgiving
period the market. was mainly interest
ed in poultry, particularly turkeys, to
the neglect of eggs. Shipments usually
are small and ordinarily egg prices ad-
vance to their peak, during this period
Receipts generally are heavy following
Thanksgiving and, with the produc-
ton of the current years pullet crop
getting well under way, prices start to
decline Indications point to a similar
decline his year. although with pullets
Matched somewhat later and storage
stocks the smallest for many seasons,
the declines may be more gradual than
usual. Markets were weak near the
first Of December and prices at New
York back to the mid-November level.
Live Stock Mostly Lower.
Holiday influences tended to reduce
live stock marketings during the last
week of November and decreases were
shown in receipts of all classes. The
shrinkage at IL important markets was
about $4,000 cattle, 10000 calves, 10l,-
600 hogs and $4,000 sheep. Liberal sup
plies of poultry, available at prices that
attracted consumer demand, tended to
curtail the outlet for other meats
The market on fat lambs showed
improvement, but further declines were
effected on practically all classes and
grades Of slaughter cattle, while the
hog market was unable to improve its
lcw-price position of the week previous.
The volume of business transacted
on the Boston wool market was rather
light and centered largely on fine woods,
on which prices were steady to firm.
Wheat feed prices in late November
were quite irregular, averaging slightly
month, but were still little higher
than in early November. Northern and
Eastern markets appeared somewhat
stronger than Central Western markets
Colder weather and higher prices for
butter and eggs did not appear to have
increased consumer demand for bran
and shorts. Cottonseed meal lost ground
and the small consumer demand was
centefed chiefly on feed for early ship
SNVhPan lie
higher. Tankage was unchanged and
ltnseed meal was irTegularly lower De-
mand continued fairly active for tank
age. Hominy feed advanced sharply
and the light offerings were In moder-
ate demand.
Grain Markets Weak.
Domestic grain markets we're weak
and lower during the last week of No
venber and wheat futures at Chicago
declined to new record lows Further
declines in values of foreign currencies
increased offerings of wheat from the
Southern Hemisphere, weakness in Sc
curity markets and a continued dull
demand for United States wheat were
the principal weakening influences
Feed grains weakened with wheat but
continued dull inquiry from feeders
and industrial buyers and lack Of ar
export outlet also contributed to the
decline. Rye was slightly lower at most
markets. Flax declined around cent?
per bushel, along with the lower wheaI
values and a dull demand from crushers
Timothy and clover hay markets re-
main extremely quiet. The continued
light msrketings are fully equal to cur.
rent requirements. Trading s.ill is d
small volume in Eastern cities. South
ern inquiry remained exceedingly ligh
and for top grade hsy only.
Prices of potatoes were general,
higher at Eastern shipping points ant