Evening star., 1932-08-31
PRODUCE MARKETS
SHOWING STRENGTH
Cattle and Cotton Price
/ Gains Are Encouraging
to Farmers.

Although some of the gains in prices
of farm products in late Summer were
largely seasonal in nature, such items
as Scent cotton and $40 cattle lent real
encouragement to the situation, says the
United States Department of Agriculture,
Bureau of Agricultural Economics, Mar
ket News Service. Mill-feed prices
scarcely held their own toward the 1st
of September, but a firm market was
reported on butter, poultry, eggs and
some lines of live stock. Wheat markets
also were generally firm, but feed grain
prices showed no regular trend. Potato
shipments continued light and prices
fairly steady.
Potato Shipments Light.
Nearly all the large cities report mod
crate supplies of potatoes, but the de-
mand is slow and prices generally have
failed to respond much to the light re-
ceipts. Potato growers in New Jersey
were holding for higher prices the last
of August and the market in that region
strengthened to as cents per 100-pound
sack With the exception of Tennessee
Nancy Halls, which held firm in some
markets. prices of nearly all sweet po
tatoes were generally weaker in city
consuming centers.
Eastern lettuce declined to range
of 25 to SO cents per crate. Onions
still brought around Al cents per So
pound sack at Connecticut Valley ship
ping points, but the market was re-
ported Gull. The general jobbing range
on Eastern onions was SO to rs cents
per sack.
Terminal peach markets were unset
tied in late August, but there seemed
to be generally firmer tone, as the
shipping season was drawing to close
in some States Most jobbing sales of
Elberta peaches held within a range of
81 to $2,25 per basket.
Butter Markets Advance Sharply.
A more confident holding of stocks
and an improved sentiment, together
with strong commodity and security
markets, resulted in active demand and
flrmer tone in Eastern butter mar
kets.
Except for scattered fractional ad-
vances on the so-called small styles,
cheese prices remained generally un-
changed in the large distributing mar
kets. Cheese stocks are still consider
ably lighter than at this season last
year.
Egg Markets Firm.
middle of August, the egg markets ex-
perienced a very sharp rise in prices
and improvement in sentiment, the larg-
est and most pronounced recovery ex-
perienced at any time this year.
slight evidence of weakness developed
toward the close of August, which was
due largely to the lighter consuming
demand following the higher retail
prices.
The poultry markets ruled more or
less irregular in August. Receipts OF
fowl at the principal markets consisted
mostly Of the lighter sizes, which were
difficuH to move even at 1-cent de-
cline under the closing quotations OF
July. The market on broilers was fairly
well supported.
A small shipment of turkeys from
Argentina was received at New York IN
early August and was offered at around
"a cents without arousing any appre-
ciable interest Information from Ar
gentina indicates that the shipment OF
turkeys from that country TO the United
States this year will not beAso extensive
as year ago. unless there Is a marked
change in the market situation.
Cattle Prices Rally.
The cattle market at Chicago staged
a sharp rally in late August, again
reaching the $40 mark. This was at
tributable largely to shippers and rep
resented urgent orders for kosher cat
tie from Eastern seaboard markets.
ONLY very well-finished 1,000-pound
steers sold over 50, those scaling l,2OO
pounds and up going largely at SO TO
$685. The beef cow supply was below
trade requirements which was unusual
in view of the dullness of that market
for weeks past. Heavy fat COWS at s4.o0
a. 60 he crNAPta1fV rlQCc
Feeds Barely Steady.
Wheat feeds declined at Eastern and
Central Western markets near the END
of August. Cottonseed meal price
changes, compared with year ago,
were rather irregular. Iinseed meal
was unchanged to lower at the Eastern
and Central Western markets. The Slt-
uation was easier at Buffalo, with I'D
eral offerings and an extremely slow
demand. Gluten feed and meal prices
remained unchanged.
Local supplies of cheap feed and
forage have continued TO reStflct Ine
demand for hay. Supplemental feed
ing is necessary in many sections from
the Northeast and Middle Atlantic
States westward to the Pacific Coast.
Timothy hay markets remained very
quiet, with offerings generally ngnt
and in only fair demand.
Domestic Wheat Markets FiEm.
Reduced offerings of Winter wheat.
a fairly active milling inquiry for both
Winter and Spring wheat and some ad-
vance in securities were Strengthening
influences in late August which offset
the weaker situation N foreign mar
kets. Corn markets were weak, with
the larger receipts in excess of the light
current trade requirements. Oats and
barley were unsettled. Rye strength
ened with wheat and fax held steady
under an active crusher demand, despite
increased receipts.
Wool Prices Advance.
Wool prices in Eastern markets ad-
vanced sharply after buying was re-
sumed on a larger scale. All grades
of fleece woods were wanted in slzeable
quantities and advances of l to cents
in the grease were quite general in
both combing and clothing woods. De-
md was particularly strong for o6s
ar. lower grades, but the finer grades
nc ed freely at the higher prices.
I SHORT-TERM SECURITIES.
Reported by Chas. D. Barney 4 CO.
Q0J.