Evening star., 1933-01-18
PRODUCE MARKETS
LOSE RECENT GAIN
Discussion of Farm Relief
Proposals Has Adverse
Effect -on Prices.

Some of the leading farm proouctS
shared in the commodity price set-
backs the middle of January, losing
much of the advance made early IN tne
month. saws the United States Depart
ynent OF Agriculture. Bureau OF Agtl-
cultural Economics, Market News SerV-
ice Slow demand and the discussion
of urol,able market effect of farm rellef
measures caused some hesltatlon IN tne
trading and general market tone. Cot
ton wool and hides were firm features,
holding prices we'll Cash grain mar
kets lost ground but were still above
rhe level prevailing at the beginning OF
tne year Feeds have tended higher
this month. with some later recesSions.
cattle advanced slightly, while hog and
lamb prices were declining. Losses
ware severe in the egg market, which
lost 10 cents on some lines, despite the
ve--- strong storage position. lncreaS-
ing fresh supplies of butter and cheese
brought sharp declines. Potatoes, cab
bage and onions sold slightly lower.
Southern vegetables are in more liberal
supply from week to week. Acreage is
large, growing conditions generally Ia
yorable and market trend is downward.
Sharp Decline in Butter.
Prices of butter declined rather
sharply near the middle of January,
continuing the downward trend of the
month. Buyers and sellers appeared to
have lost confidence. Reports of butter
production showed sharp increases. Ar
rivals of fresh butter are considerably
in excess of the current needs.
Like most other dairy products mar
kets, the cheese market was weak the
middle of January and the trend OF
prices downward In New York quo
tations on fresh cheese declined one
half to three-fourths cent, While the
ruling prices on the Plymouth, Wis, |
boards were reduced IA cents. Pro-
duction is increasing but storage hold |
ings are below average.
Egg Buyers Cautious.
BUYERS of eggs have operated cau-
tio,lsly this month, confining their pur-
chases mostly to daily requirements.
This policy caused a slight accumula-
tion of stocks in some quarters and
resulted in price declines OF about |
cents per dozen on Middle Western |
mixed colors at New York and about 5 |
cents per dozen on white eggs from |
the East and the Pacific Coast.
There is a steady demand for small |
sized fowls, but heavy fowls are in |
ample supply and some shading OF
quotations was reported. Prices OF
chickens are generally well maintained
OuSTlDSS O1 LuIkcyS dlC llOb kln1eASAAeAA ~
large and the market Is rather nrm
and country adyices also are encour-
aging.
Cattle Market Irregular.
In a trade marked by erratic price |
changes suggestive of the hand-to-
mouth character Of current buying |
operations, the mid-January cattle |
market at Chicago showed a general |
lIxr, a6
for weeks past heavy and relatively
long fed bullocks were comparatively
poor sellers and sharde to the least |
extent in the improvement. Meanwhile
the hog market fiuctuated narrowly |
with slight net declines. Fat lamp |
prices receded under an expanded mar
ketward movement losing 20 to 4O
cents. Receipts for the second week
of January showed expansion compared
with the light marketings OF the nrst |
week of the year.
A quiet steady trade in wool removed |
from the Boston market fair volume /
of fine wool during the second week OF |
January Prices were mostly steady ana
some lines were showing a slightly |
stronger tendency.
Some Feeds Higher.
Wheat feeds advanced early in the |
the second week OF January and helo
gains fairly we'll The average price /
of barn at Minneapolis, Buffalo, st. |
Louis and Kansas City at one time |
reached the highest level since late in 1
September. Flour middlings or gray
shorts at the same market advanced |
about as much as the lighter feeds, |
reaching highest price since early
in December. Demand increased at /
Pittsburgh, Philadelphia and Boston. |
Improved demand for the light offer-
ings of cottonseed meal brought high |
er prices Supplies were limited, since |
only few mills were operating. Move
ments of cottonseed continued light. |
Because of the low level of cottonseed |
meal prices. fairly extensive use OF |
meal for fertilizer Is reported. Linseed
meal prices averaged slightly higher, |
but soybean meal, gluten feed, gluten |
meal, hominy feed, Jankage, meat
scraps ard alfalfa meal were mostly |
unchanged.
Timathy and clover hay markets We're
again quiet and most y unchanged. The
light offerings were fully equal to cur
rent trade requirements. Somewhat
heavier receipts were reported at New
York and Boston.
Grain Market Hesitates.
Domestic grain markets turned weaker
around the middle of January, follow |
ing a rather sharp advance earlier in |
the month and most of the recent price /
gains were lost. Weakness in foreign |
wheat markets under the influence of /
a limited European demand for the new
crop offerings from the Southern Hem /
isphere and large stocks remaining for /
export in Canada were largely responsi- |
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