Evening star., 1932-10-23

FAIL TO ADVANCE
Market Continues in Low
Range Despite Decline
in Offerings.
By the Associated Press.

By the Associated Press.
Supply abridgment late in the weel
seemed to indicate the country intends
to hold cattle back rather than accep
an average little better than S to
Gems pound on fed steers and in some
instances cents, Chicago basis.
At the extremely low time when sup
plies were piling up faster than the
trade could absorb them choice yearl.
ings were available at ST for 100 pounds
of live weight. They have sold as high
as SO to $975. BY the end of the week
they were up to So due to curtaileo
receipts.
Decline Is General.
The decline of so to rs cents from
last weeks values, in instances as much
as ST., ran pretty thoroughly through
the bovine list but most pressure came
on steers and yearlings because they
predominated. Values have been break
ing for two weeks or more, buyers hav-
ing started to apply pressure as soon as
the Fall supply of shortfed cattle ex-
panded to point where numbers gave
them the whiphand.
For three weeks now, Government
observers say each succeeding session
has seen more pressure applied and a
draggier trade in beef until when the
largest run of the season showed up on
Monday and Tuesday killers took cattle
more or less at their own prices. Ship
per demand Tor weighty steers was
narrow from all sources. an echo of the
sluggishness OF the dressed beef market
which closed so cents to 81 lower at
Chicago.
Narrow consumptive outlet rather
than price declines, however, features
the dressed trade which is heckled by
relatively low fresh pork and lamb
prices. All meats sell slowly and are
sharply lower.
With the bulk going at S2.75 to 1925
beef cows did not change much and
closed only Is to 25 cents lower They
are at leas5 that much higher than
when the market hit bottom
Hogs showed slight recovery near
the end after making a new low for
the season and working within 25 cents
of the years worst prices. at Chicago.
Increased receipts during the first four
days were partially responsible for the
decline of 10 to Is cents, ne. but weak
ness in the fresh pork trade added to
the bearishness.
Although heavy loinS moved up
enough TO narrow the spread between
lights and heavies other fresh cuts
showed evidence OF weakness and the
pork provisions market moved down.
ward with lard about steady.
The early top Of $500 dwindled to
1855 and finally recovered 10 cents of
the loss.
An increase of nearly $4,000 sheep
and lambs at the IL principal markets
literally snapped the onlv remaining
thread of support, Government report
ers said, and prices went to the season s
lowest point although wholesalers
labored to avert the disaster until every
storage space was crowded to capacity.
Lamb Prices
Common lambs moved more readily
than choice kinds in the carcass and
an unusually narrow spread soon was
inforced Range lambs similar to S5.95
kinds early last week fell to $3.50 on
the hoof and finally to $3.50 Colorados
grad ng strictly choice going at the lat
ter price at midWeek. Choice lambs
moved up slightly at the close.
The country bought up all feeding
lambs available from day to day at
steady prices placing thin Westerns
with quality about on parity with fat
kinds A efficiency OF thin blackfaced
rangers with quality, measured by
country orders, supported feeder prices
to a certain extent.