Evening star., 1932-11-02
EGG PRICE UPTURN
FEATURES MARKET
Choice Cattle and Potatoes
Also Higher-GeneraI Prod
uce Trend Irregular.

Also Higher-GeneraI Prod
uce Trend Irregular.
The weak, irregular market trend OF
farm products near the beginning OF the
month was relieved by a few strong
features, says the Uunited States Depart
ment of Agriculture. Bureau OF Agrlcul-
tural Economics, Market News Service
Egg markets gave indications OF further
price upturnS. Choice cattle continued
to bring a high premium on the Chl-
cago market and potatoes responded 10
lighter receipts with scattered prlce
gains. Butter markets showed little
change. Country cheese markets held
eU the lower level of late october. sup
plie5 Of chickens and turkeys are IN
ctea-.ng and prices sagging. Hog mar
kct5 recovered a little after sinking 10
seasons lowest Changes in the lamp
market have been rather small for a
month past Wool markets are steady
Veal calves sold higher at Chicago near
the end of october. Grains and most
feeds are weak features. Most vege-
tables tend lower on account OF poor
demand Apple markets are uneven,
WILL AlIIAC SAioAA6C 49, oASA10-
Produce Market Irregular.
Most varieties Of Eastern potatoes
were steady to firm in jobbing markets.
Sweet potatoes on the Eastern Shore
of Virginia advanced to 75a80 cents per
barrel, or 37l2 cents per bushel tub.
Cabbage declined further. Bulk domes-
tic type was weaker in Western New
York at $3.50 to $3.50 per ton. New
vorly ve1lou onions held StP4NV in con-
suming centers, but nearly all other re-
ceipts were jobbing slightly below re-
cent levels. Celery was stronger In
Western New York at go to rs cents
per two-thirds crate, as the late va
rlety was being harvested and stored.
Apple prices were irregular at ship
ping points. Potomac Valley area de-
veloped a slight weakness. Bushel tubs
Of Staymans sold lower at 95 cents. but
Yorks held at 80 cents and Grimes at
81. Last report Of the season from Gen.
tral New York showed Concord grapes
returning a lower price of $40 per ton
Of bushel baskets, with two-quart bas-
kets at T cents.
Butter Markets Fairly Steady.
The butter markets near the 1st Of
November were in fairly steady con-
Gition Supplies, while not exception
ally burdenSome, were ample. The
price remained unchanged on 92score
butter in the Eastern markets but
haIf-cent advance was recorded at Chi
cago. Reports show generally decreased
production compared with previous
weeks and with corresponding weeks a
year ago
Trading in the cheese market was
generally slow. Purchases were con-
fined almost entirely to current re-
quirementS. In New York City, State
fats sold at II to IA cents. Trend was
downward in city and country markets.
While the make of American cheese is
somewhat heavier than year ago in
New York, Oregon and other important
cheese producing regions, in Wisconsin
production continues at q lower level
than in 1881.
Egg Prices Fairly Steady.
Fresh white eggs on the average re-
mained unchanged at barely steady
quotations near the 1st of November.
Buying interest for most Of the past
month centered chiefly around storage
eggs WhOlesaling at around % to "a
cents, and the lower grades of fresh
eggs. So great was this interest that
some concerns report the handling of
aoOu. three times as many cheap eggs
as os-5 Of better quality.
PCul-rf markets are fairly steady
but 1-Csn supplies are increasing. Total
cold C-age holdings of dressed poultry
on Ccoober l amounted to 36,66l 900
pouatS compared with 56,215,000 pounds
on C -C1er l last year, and 50,382 900
pound for the f1ve-year average. Stor-
age hollings Of broilers were particu-
larry iiGht when compared with last
year and the five-year average. The
1892 turkey crop is considered one OF
the largest and best ever raised.
Cattle Markets Uneven.
A return to the low levels established
in the hog trade late last Spring, con-
fusing unevenness in the cattle market,
with only choice strong weight fed
steers, the best yearlings and heifers
responding to curtailed marketings with
advances, and quality deterioration in
range lamb offerings, were the out
stanGing features of the live stock trade
near the beginning of November The
veal calf market made a 25 to SO cent
recovery from recent declines, selected
vealers selling upward to Sc in the Chi
cago trade, with the bulk around $3.50
to $3.50.
The attitude Of the Boston wool trade
near the 1st of November with regard
to values was annarently influenced
more by comparatively favorable reports
regarding the goods market than by a
continued lack of general buying of raw
material. Tone was steady without
much change in prices.
Feed in Slow Demand.
Weakness in wheat and coarse grains
especially near the end of the month,
together with the continued slow con-
su:ner demand, were the principal fac
tors in the recent decline of wheat
n leeds. The average price of bran
a. nneapolis. Buffalo. st. Louis and
K City reached a new low for the
season Of $8.13, with flour middlings or
gray shorts. at $1088 per ton. in late
October. The decline in cottonseed
meal prices brought the average of quo
tations at Memphis, Atlanta and Fort
Worth back to the low level which pre-
vailed early in July.
Grain Markets Weak.
Domestic wheat markets were sharp
ly lower during the last week of Octo-
Der and futures at Chicago reached the
lowest point in the history of that mar
ket, recovering only slightly at the
close. Weakness in foreign exchange,
sharp declines at Winnipeg, where buy
ing support was lacking improved pros
poets in the Southern Hemisphere and
Increased moisture in domestic Winter
wheat areas were principally responsible
for the weak wheat situation Cash
wheat did not follow the full decline
In futures, since offerings we're of only
moderate volume and milling inquiry
was fairly active. Corn futures de-
clincd with wheat. but cash grain was
relatively firm, the smaller marketings
meeting a steady demand from indus
tries shippers and feeders. Oats and
barley markets were dull and without
special features. Rye was lower with
wheat while flax declined slightly un-
der the same influence.
Erinnc Of tir,nntlnu haH ram aimed rrac-