Evening star., 1933-04-12
Markets
IN F|RMER TREND
Grain Proves Feature of RiS.
inq Commodities-Egg
Prices Recover.

Rising grain markets were the lead
ing feature in the generally stronger
price position Of staple farm products
at the beginning of the second week
of April, says the United States De-
partment of Agriculture, Bureau Of
Agricultural Economics, Market News
Service. There were -setbacks from
early gains but holders appeared con-
fident. Some mill feeds shared the ris-
ing trend. Butter advanced 2 cents or
more the first 10 days of the month,
reaching nearly the price level of,
year ago. Egg prices recovered some
what, owing to active storage buying.
Poultry values held firmly. Most live
stock sold slightly lower. Shipments of
old potatoes have been decreasing, new
stock is still in moderate supply. Small
price gains occurred In the East and
in the Rocky Mountain region, but the
general potato market Is still below the
highest Of the March rise. Onions, cab
bafe and most early Southern produce
declined further. Apple markets still
show . rising trend of prices.
Butter Market Stronger.
Price trend of butter was upward the
first 10 days Of April with gains Of 2
factory, especially in the East where
their supplies in Chicago, found a de-
cided price advantage in making pur-
chases nearer home. Production Is in
creasing slowly. ....
The tone of the cheese market con-
tinued firm. the first 10 days Of April.
Most dealers appeared more confident.
In New York City, State flats sold up
to 10 cents and single daisies up to 16
cents, these prices being cent above
those of the previous week Supplies
were generally in firm hands, in fact
so much SO, that trading was somewhat
restricted In some quarters.
Egg Market Firm.
Egg markets registered increasing
firmness the first 10 days of April.
Fractional daily gains resulted in an ad-
vance of cent on Midwestern mixed
colors at New York City and H cent
on Pacific Coast whites. Receipts con-
tinued exceptionally heavy. The rela-
lively slow trade was more than Offset
by q strong demand for eggs to be
stored, bringing about rather firm
market position and small gains in
price.
The tone of the poultry markets in
early April was mixed. Increasing sup
plies of fIesh-kil]ed broilers developed
some weakness In the broiler market,
but the market on fowls remained firm.
Little Change in Live Stock.
Live stock trade nears mid-April with
price levels In the main on much the
same basis at Chicago as they were at
the beginning Of the month. Changes
in cattle values were unusually small
The same Is true In the hog trade. al
though prices were scaled downward
to the extent Of Is to rs cents as COM
pared with the level at the end of
March. Only in the sheep and calf
trade were marked price changes shown
and a late bulge in fat lamb values
practically Offset earlier declines. Veal
calves recovered Losses enforced during
the last week of March. Marketings
showed some expansion over those of
the week previous.
Trading on the Boston wool market
during the first 10 days of April was
extremely dull and quotations almost
entirely nominal, due to the lack of
business. Several Boston houses were
reported buying wool in the West at
prices which, with the usual charges
were estimated to be up to or above
prices obtainable In Boston under pres
ent conditions. Manufacturers, while
not buying more than enough wool to
cover their most urgent current re-
quirements, were reported keeping In
close touch with market developments
Feed Market Irregular.
Prices of wheat feeds weakened dur
ing the first week of April with in
creased offerings and no improvement
in consumer demand. Bran was the
Steadiest Of the wheat feeds. Corn by
products were higher, due to the light
offerings and to the strength in corn.
Gluten feed and meal were firm at
Eastern points with offerings limited
to May shipment. In the same area,
hominy feed was stronger with fair
scattered demand for both yellow and
white. Price changes in high protein
feeds were small with no definite trend
noticeable. Linseed meal was un-
changed to lower at Eastern points.
Offerings were in excess of the rather
slow demand at Buffalo, but with mills
running very lightly there was no SELL
ing pressure on the market.
Prices Of timothy and clover hay re-
manned unchanged A steady to slight
ly stronger situation prevailed at most
of the leading alfalfa markets.
Grain Prices Touch New Highs.
Prices Of most grains advanced to
new highs for the season during the
first 10 days Of April. Further injury
to the Winter wheat crop, pending farm
relief legislation and more active
cash demand were the principal
strengthening influences. Wheat ad-
vanced 2 to cents a bushel at the
highest point. Rye was higher with
wheat. Corn and oats were up to 3
cents q bushel with feeder and indus
trial demand the most active of the
season. A continued activity In mating
barley strengthened the price OF that
grain. Flax advanced. principally as a
result Of the higher prices of other
Grain TnreiOn wheat markets. were