Evening star., 1933-03-23
PRODUCE MARKETS
REGISTER ADVANCE
Grain, Feeds, Hay, Live
i Stock and Other Lines
Are, Higher.

More gains than losses featured the
midmonth market on farm products,
says the United States Department of
Agriculture, Bureau Of Agricultural
Economics, Market News Service. The
sharp general advance in prices during
and after the bank shutdown was tenn
pered later by more cautious trading,
and the price trend became somewhat
irregular. There were net gains re-
manning for grain, feeds, hay, live
stock. wool, cotton and some Of the
vegetables. Prevailing tone Of the
dairy and egg markets was unsettled
and sometimes weaker under liberal new
receipts. Uncertainty regarding imne-
diate market effect Of emergency f1nan-
cial measures and proposed new legis-
lation led to frequent price unsettle-
ment and quick reversals of general
market trends, but the trade undertone
appeared rather confident on the lead
ing products.
Butter Market Improves.
Considerable improvement in tone
was noted in the butter market after
the middle of March. The attitude Of
confidence evidenced by large bank de-
posits and comparatively light with
drawals set many at ease, and conf
dence In most commodities was gen.
eral Jobbers. independent retailers
and chain stores were inclined to an
ticipate future requirements, and q
fairly active trade began to develop.
resulting in sharp price advances,
which were partly lost by later set
backs. There was little change in the
volume of arrivals, but the active buy
ture, moved large quantities Of butter
out of first hands. Buyers later again
began to operate more cautiously and
prices lost part Of the advance.
) Trading in cheese was only fair In
volume and generally lacked snap.
Z Cured and held cheese was full steady.
Storage holdings Of cheese In the
United States on March 1 totaled 49,
900 pounds, compared with A, 106,-
900 on the same date a year ago and
flve-year average stocks OF 48,694,0 600
pounds. Since March / the net out
of-storage movement OF cheese has
about equaled that during the same pc
riod a year ago. The make of cheese
! Is still slightly heavier than at that
; time.
Unsettled Egg Markets.
Egg markets continued unsettled.
Prices declined about l cent dozen in
New York, then partly recovered after
the middle of the month. Occasional
weakness was in line with increased re-
ceipts, still disappointing demand and
the resulting relatively heavy net move
ment into storage. Pacific Coast eggs
at New York were quoted unchanged in
price.
Poultry Market Irregular.
y The poultry markets near the middle
Of March were featured by the irregular
position of fowls. Live fowls advanced
about cents pound, while quotations
on dressed fowl declined about 2 cents.
At this price receivers of dressed fowls
we're inclined to hold back. Current
supplies were fully ample to meet the
light demand. but advices from country
points indicated that culling of farm
flocks during the past two months has
been extensive and that the number OF
hens now on farms probably will mean
lighter shipments for the period just
ahead.
Live Stock Market Nervous.
Various and conflicting conditions
tended to upset and keep in more or
less nervous condition the trade in live
stock centers around the middle Of
March. Wholesale dressed meat trade
conditions were not such as to lend en-
couragement to the trade on any kind
of live stock Dressed markets were re-
ceding unevenly, but on some classes
sharply, from higher price levels estab-
Ished during the financial crisis. En-
couragement to live stock finishers was
found, however, in gradual improvement
in retail meat business as the month
progressed and in tendency OF many
commodities to seek higher levels. In
Chicago trading most classes and grades
of slaughter cattle, hogs and fat lambs
advanced in price. The upturn was ir-
regular and in some cases marked and
was caused in part by unusually light
marketings, but the price advances
tended to attract relatively liberal sup
plies.
Although several of the larger buy
ing interests did not participate in the
trading, the trend of wool prices on the
Boston market was upward in mid
March. Fleece woods shared In the
buying movement.
Wheat feed prices averaged higher
the middle Of March, although some