Evening star., 1932-07-30
FOODSTUFF PRICES
TURNING UPWARD
Rising Trend in Raw Mate
riaIs Reflected in Finished
Products.
BY BRADLE WV. TRENT.

Special Dispatch TO The Star.
NEW YORK. July 30-The rising
trend of raw materials is lifting quota
tions of finished and finished
products, according to brokers. dealers,
jobbers and manufacturers in the va
rious produce and food selling sections
Of this city.
The bulge in wheat prices Wednesday
brought an advance of 10 cents a barrel
on -four Thursday to a new high on the
current recovery. Small buyers became
nervous as they noted their small
stocks and further upturns in grain.
With the local markets virtually
glutted with an abundance Of fresh
fruits and vegetables, the average
householder is not paying much atten-
ton to firming quotations of some lines
of canned goods. Furthermore, with
the return of men from the cities to
the farms-an accompaniment Of the
depression-makers of fruit and vege-
table containers for ome-canning are
working day and night.
SurpIuses Cut Down.
At the same time the gradual work
ing of the economic law of supply and
demand is cited by Gamers. Growing
weather in the next five weeks and pro-
lection from frostS will determine the
size of this seasons vegetable produc-
ton. Destructive pests may play part.
but the low prices of the last two years
are gradually cutting down the sur
pluSeS Of vines and orchards, which are
being less we'll cared for by their owners
as the latter's monetary rewards grow
less. In addition, problems Of financing
hn
try to bring production closer to prob
able consumption.
Rising prices of meat, following the
bidding up of cattle and hogs. are
creating a broader demand for canned
fish, especially salmon. West side job
bers report free movement of salmon,
especially from the Columbia River
district. The pack of Alaska salmon
is short. Lobster, at low prices the last
two years, Is becoming more popular
here and in Great Britain. British
Columbians and Nova Scotians are
packing Holsters in increasing quanti-
ties. The pack Of Maine sardines is
now under way.
Higher cattle prices not only have
lifted quotations on meats, hides. tan
ming materials. leather and in some few
instances on shoes, but are credited for
Jne recent uIIIllilR LII DuIteI anu CIlceSC'
The low cost of feeds, however. tends
to keep cattle on farms. Expanding de-
mand for feeding purposes recently
firmed blackstrap molasses, edible
grades of which now are being bought
by bakers and confectioners.
All Cuts Discounted.
The pea pack is about ended in this
State. Pack of fruits in New York this
season will be small. according to John
P. Street, secretary of the New York
State Gamers Association. He pre-
diets the State temporarily will lose her
rank as second largest pea packer and
will put up less vegetables and fruits.
Commenting on the current selling
prices of food products, c. M. Chester
president of General Foods Corporation
who sailed Wednesday night for Europe
said
Il feel that we have reached level
that has discounted all cuts in raw
material prices and any probable further
reduction Distributors at present are
anxious to stabilize prices and woulc
welcome a price advance to protect
their inventories"
tCopyright, 1e32O