Evening star., 1932-09-14
PRODUCE MARKETS
IN STRONG TREND
General Price Level Is Re.
ported Firm at Mid
Month.

Ole OF the mONCQ, OWING mainly 10 tilc
firmness of the cattle, veal calf, dairy
and poultry markets, says the United
States Department of Agriculture, Bu-
reau Of Agricultural Economics, Market
News Service. Cotton has been a weak
feature because Of rather better crop
prospects than expected by some men,
bers of the trade Grains and feeds
hold their position without any very
sharp changes in either direction, but
market tone has been weak. Fruits and
vegetables are In moderate supply. but
trading Is slow and prices only steady
to firm near prevailing low levels. Un
derlying position of the potato market
was strengthened by a reported de-
crease of about 100000 bushels in
production prospects. The falling of
to drought and weather injury in Colo
RADIO and the Central Northwest.
Butter Markets Unsettled.
Butter markets near the middle of
September continued unsettled, showing
no particular change in tone since early
in the month. The supply at all mar
kets was fully ample to satisfy the light
requirements Receivers for the most
part appeared rather willing to sell.
The Chicago market was nervous ana
unsettled. with the undertone easy.
Centralized cars in particular were in
ample supply. especially the SO and 80
score. The trouble with the Midwest
ern markets seemed to lie In the ex-
pectation Of sustained supplies follow
ing pasture improvement IN recent
weeks, but reports in early September
indicated continued seasonal decrease
in butter output. Prices OF butter Tor
CHANGE
compared with early in the month.
The cheese market situation was ir-
regular and the undertone nervous and
unsettled. Supplies were not particu-
larly heavy, but there was a general
willingness to sell. Price changes were
slight. Light production and storage
tend to make the position fairly good.
Egg Markets Firm.
The egg markets were steady to firm
the first 10 days of September. quota
tions advanced l 12c on the lower quail
ties and &c on the top grades. Trading
was generally irregular bu. of fair vol,
ume Moderate interest was displayed
in storage eggs OF the better grades, put
most of the stock moving out was In
small-siZed lots.
Supplies of fresn-killed dressed poul-
try were quite liberal during the first
part OF September. Trading was only
fairly active and hardly equal to the
offerings, but prices remained about un-
changed. Turkey markets are becom-
ing more active and some stock has
been coming out of storage. Prices OF
young fresh killed turkeys have been
declining somewhat the past few weeks.
Some Feeds Sell Higher.
Cottonseed meal prices were un-
changed to higher in Midseptember.
Expectations of only moderate supplies
of new crop meal underly the market
sentiment. Linseed meal prices were
unchanged to slightly higher and prices
of the corn feeds continued about
steady; likewise prices of tankage and
alfalfa meal. Spring wheat feeds ap-
peared relatively weaker than other
types of wheat feeds. Price declines OF
September in Eastern and Northwestern
markets, but there was little change at
Chicago. Prices Of hard and soft Winter
wheat feeds weremostly unchanged.
Prices Of timothy hay were about
steady the first half Of September, and
the moderate to light market offerings
are in slow demand. Moderate quantl-
ties of the best quality Of alfalfa con-
tinued to move by truck at So per ton
in the bale at Kansas points. Prairie
hay markets remain very quiet. A con-
siderable portion of the hay in Kansas
and Oklahoma has been more or less
damaged from dry, hot weather, and
lacks full green color.
Domestic wheat markets gained and
lost during the second week of Septem-
ber and general tone was rather weak,
Influenced my heavy harkets and slight
ly declining prices in Canada. Sharply
lower cotton prices and some recessions
in the stock and bond markets were
also considered weakening influences.
Prospects of an early harvest with con-
tinued dull demand for current sup
plies resulted in lower corn prices at
most points.
The corn crop is ripening early and
much Of the territory Is emerging from
the frost danger period. Market de-
mand remained dull. Most Of the buy
ing is from elevator interests and the
manufacturers Of corn products. Prices
of rye have been firm under the good
demand prevailing. and the moderate
market supply. The domestic rye crop
is rapidly passing into consumption.
Oats and barley showed weaker trend
with the corn market. Flax held about
steady in price under fairly active buy
ing from mill interests and because Of
further reduction In estimates OF the
crop.
Live Stock in Moderate Supply.
Receipts of all kinds OF live stock at
important Midwestern markets were
materially reduced the second week OF
September. Cattle receipts were less by
$4,000 head, hogs decreased $500 and
sheep and lambs about $4,000. compared
with the week before. UnevernesS and
price fluctuations featured the cattle
trade, but the average cost Of beef steers
sold out of first hands for slaugnter
stood slightly above So at Chicago, com
nared with a little below that level the
week before. The bulk OF CRASHED
steers sold from $7.25 to $3.50. There
was some tendency to higher prices OF
stockers and feeders, owing to nght
supplies offered. The bulk OF saies
ranged s3.75 to s5.25, with some tops
around $6.
Hog prices followed narrow range az
Chicago. and there was little net change
during the first ten days OF the montn.
Shjpning demand was limited, altnougn
II was slightly larger than week
earlier, Recent top price was $489 st
Chicago. There was come improvement
in the fresh pork trade after arrival OF
cooler weather in early September. Inc
recent wide spread between prices Oh
native and western lambs has as
appeared, and general range az CnlcSeo
is s5.75 to $3.50, averaging a shade less
compsred with early in the month.
Range feeding lambs find ready sale,
supplies being rather limited.
Eastern wool markets have been
rather more active than expected py
the trade, and prices have made further
moderate gains The realization OF
nrice advances on semi-manufactured
PRODUCTS OF wool and reports of moder-
ate usswings in the wool and goods
market have brought in increased con-
fldence In the wool market position.
Potatoes Slightly Higher.
Potato markets seem to be responding
slightly to the reported reduction In the
cron and the light carlot shipments.
Chicago carlot market reported North
ern Round Whites higher at zoe, to Soc,