Part 3

────────────────────────────────┬────────────────────────────────────── │ Chicago. ────────────────────────────────┼────────────┬────────────┬──────────── │ Aug. 1. │ July 25. │ July 3. ────────────────────────────────┼────────────┼────────────┼──────────── Fresh beef: │ │ │ Steers— │ │ │ Choice │$15.50‒16.00│$16.50‒17.00│$15.00‒16.00 Good │ 14.50‒15.00│ 15.50‒16.00│ 14.50‒15.00 Medium │ 13.00‒14.00│ 14.00‒15.00│ 13.00‒14.00 Common │ 10.00‒12.00│ 11.00‒13.00│ 12.00‒13.00 Cows— │ │ │ Good │ 11.50‒12.50│ 12.00‒13.00│ 12.00‒12.50 Medium │ 10.50‒11.50│ 11.00‒12.00│ 11.00‒11.50 Common │ 8.50‒ 9.50│ 9.00‒10.00│ 9.00‒10.00 Bulls— │ │ │ Good │ │ │ Medium │ │ │ Common │ 7.50‒ 7.75│ 7.75‒ 8.25│ 7.00‒ 7.25 Fresh veal: │ │ │ Choice │ 16.00‒17.00│ 16.00‒17.00│ 15.00‒17.00 Good │ 14.00‒15.00│ 15.00‒16.00│ 14.00‒15.00 Medium │ 12.00‒13.00│ 12.00‒14.00│ 13.00‒14.00 Common │ 10.00‒11.00│ 10.00‒11.00│ 8.00‒12.00 Fresh pork cuts: │ │ │ Loins— │ │ │ 8‒10 lbs. average │ 23.00‒25.00│ 23.00‒24.00│ 22.00‒23.00 10‒12 lbs. average │ 20.00‒22.00│ 20.00‒22.00│ 21.00‒22.00 12‒14 lbs. average │ 17.00‒19.00│ 17.00‒19.00│ 19.00‒20.00 14‒16 lbs. average │ 14.00‒16.00│ 15.00‒16.00│ 18.00‒19.00 16 lbs. and over │ 12.00‒14.00│ 13.00‒14.00│ 16.00‒18.00 Shoulders— │ │ │ Skinned │ 13.50‒14.50│ 13.50‒14.50│ 14.00‒15.00 Picnics— │ │ │ 4‒6 lbs. average │ 14.00‒15.00│ 15.00‒16.00│ 15.00‒15.50 6‒8 lbs. average │ 13.00‒14.00│ 14.00‒15.00│ 14.50‒15.00 Butts— │ │ │ Boston style │ 16.00‒17.50│ 16.00‒17.50│ 16.00‒17.00 Fresh lamb and mutton: │ │ │ Lamb— │ │ │ Choice │ 26.00‒27.00│ 27.00‒28.00│ 26.00‒28.00 Good │ 24.00‒25.00│ 26.00‒27.00│ 24.00‒26.00 Medium │ 21.00‒23.00│ 23.00‒25.00│ 21.00‒23.00 Common │ 16.00‒20.00│ 16.00‒21.00│ 15.00‒20.00 Mutton— │ │ │ Good │ 14.00‒15.00│ 14.00‒15.00│ 13.00‒14.50 Medium │ 10.00‒12.00│ 10.00‒12.00│ 10.00‒12.00 Common │ 6.00‒ 8.00│ 6.00‒ 8.00│ 6.00‒ 8.00 ────────────────────────────────┴────────────┴────────────┴────────────

────────────────────────────────┬────────────────────────────────────── │ New York. ────────────────────────────────┼────────────┬────────────┬──────────── │ Aug. 1. │ July 25. │ July 3. ────────────────────────────────┼────────────┼────────────┼──────────── Fresh beef: │ │ │ Steers— │ │ │ Choice │$16.50‒17.00│$16.00‒17.00│$17.00‒17.50 Good │ 14.00‒16.00│ 15.50‒16.00│ 16.00‒17.00 Medium │ 11.00‒13.00│ 13.00‒15.00│ 15.00‒16.00 Common │ 8.00‒10.00│ 10.00‒12.50│ 12.00‒15.00 Cows— │ │ │ Good │ 11.00‒12.00│ 13.00│ 13.00‒14.00 Medium │ 9.00‒11.00│ 11.00‒12.50│ 12.00‒13.00 Common │ 8.00‒ 9.00│ 10.00‒11.00│ 11.00‒12.00 Bulls— │ │ │ Good │ 10.00│ 11.00│ 12.00‒12.50 Medium │ 9.00‒10.00│ 9.00‒10.50│ 10.00‒12.00 Common │ 7.00‒ 8.00│ 8.00‒ 9.00│ 9.00‒10.00 Fresh veal: │ │ │ Choice │ 16.00‒18.00│ 17.00‒18.00│ 15.00‒16.00 Good │ 13.00‒15.00│ 15.00‒17.00│ 12.00‒14.00 Medium │ 11.00‒12.00│ 12.00‒15.00│ 10.00‒12.00 Common │ 10.00‒11.00│ 9.00‒11.00│ 8.00‒10.00 Fresh pork cuts: │ │ │ Loins— │ │ │ 8‒10 lbs. average │ 23.00‒24.00│ 23.00‒24.00│ 22.00‒23.00 10‒12 lbs. average │ 22.00‒23.00│ 22.00‒23.00│ 21.00‒22.00 12‒14 lbs. average │ 21.00‒22.00│ 21.00‒22.00│ 20.00‒21.00 14‒16 lbs. average │ 18.00‒20.00│ 20.00‒21.00│ 19.00‒20.00 16 lbs. and over │ 16.00‒18.00│ 18.00‒20.00│ 18.00‒19.00 Shoulders— │ │ │ Skinned │ 15.00‒16.00│ 15.00‒16.00│ 15.00‒16.00 Picnics— │ │ │ 4‒6 lbs. average │ │ │ 6‒8 lbs. average │ 15.00‒16.00│ 14.00‒16.00│ 16.00‒17.00 Butts— │ │ │ Boston style │ 18.00‒19.00│ 16.00‒18.00│ 17.00‒19.00 Fresh lamb and mutton: │ │ │ Lamb— │ │ │ Choice │ 25.00‒20.00│ 26.00‒21.00│ 24.00‒27.00 Good │ 22.00‒23.00│ 24.00‒25.00│ 18.00‒20.00 Medium │ 21.00‒22.00│ 22.00‒23.00│ 16.00‒18.00 Common │ 19.00‒21.00│ 16.00‒20.00│ 12.00‒14.00 Mutton— │ │ │ Good │ 13.00‒16.00│ 15.00‒17.00│ 14.00‒16.00 Medium │ 10.00‒12.50│ 13.00‒14.00│ 10.00‒12.00 Common │ 7.00‒10.00│ 10.00‒13.00│ 8.00‒10.00 ────────────────────────────────┴────────────┴────────────┴────────────

WEEKLY LIVE STOCK REVIEW.

(Concluded from page 107.)

were considerably heavier. Chicago quality was the best for several weeks, a generous proportion of the supply consisting of good light and medium weight butchers. This, coupled with the narrowest shipping outlet for hogs in weeks, attributed to an extent to unsettled railway labor conditions, was partially responsible for sharp declines, especially on the better grades. Closing prices Were 40¢‒55¢ under those of the week previous on bulk of good lights and butchers and 25¢‒50¢ lower on mixed and packing grades. A slight reaction was noticed toward the week end, with small advances scored on some of the in-between butchers and better packing grades.

Big packers were bearish and very indifferent buyers, even at the sharp decline, leaving liberal holdovers each day. The week’s top at Chicago was $11, secured on early sessions for good lights and light butchers, but best sold at the close at $10.60, and bulk of good lights and light butchers sold at the week end from $10.30‒$10.50. Bulk of good 220 lb.‒300 lb. butchers closed at $9.75‒$10.25. Such shipping orders as were filled called largely for the better grades of mixed packing, good, smooth, light weight sows and these failed to show the extreme decline apparent on other grades.

GOOD PIGS IN DEMAND.

Demand for good pigs at Chicago was broad and such sold readily all week, with bulk of good 100‒130 lb. averages clearing from $9.50‒$10.50. Saturday’s closing values on pigs were around 25¢ lower for the week. Stock pig prices, both at St. Paul and Missouri River markets declined 25¢‒35¢, best strong weights selling at $10.25‒$10.50 at St. Paul and Kansas City, respectively. Several shipments of good quality thin sows went to the country from St. Paul and Chicago for feeding purposes, costing $8‒$9. The trade generally displayed considerable anxiety on account of the railway and coal strikes.

_Sheep._—An oversupply of sheep at Jersey City at the week’s opening was the chief factor in further declines in prices following the declines late last week at Chicago and other western markets, but with aggregate slaughter falling considerably short of the week previous, the market made good recovery as the week’s trading progressed. Closing Chicago prices, compared with the week previous, were strong to 25¢ higher on fat native lambs, mostly 50¢ higher on cull natives, steady to 15¢ lower on fat western lambs, 35¢‒50¢ lower on western feeding lambs, generally steady on light sheep and 25¢‒50¢ lower on heavy sheep.

Subsequent to Monday when Jersey City had a full supply, the run of southeastern lambs was light and natives from other sections were in smaller supply than during the preceding week. The market-ward movement of range stock from the Northwest was of fair volume, although hampered to a certain extent by conditions arising from the strike of railway shopmen. Feeder demand was narrow at the week’s opening but declines then enforced attracted buyers subsequently and both fat and feeder lambs closed about 25¢ above the week’s low spot.

At the week end, choice western lambs were safely quotable up to $13 at Chicago, good Oregons, rather lightly sorted, selling up to $12.85, and best natives up to $12.75 straight, with bulk of natives at $12.50$12.60 and native culls mostly at $8‒$8.50. Feeder buyers paid up to $12.50 for light and tidy weight Western feeder lambs, but a number of loads of heavy feeders sold during the week at $11.50‒$11.75. Fat heavy ewes sold downward to $3, a few below $3.50 at the close, while fat light native and Western ewes reached $7‒$7.25. Wethers and yearlings were virtually lacking. There was call for western yearling breeding ewes, with none offered and choice quotable to $11.50. Native yearling ewes were taken on breeder account up to $9.50‒$9.75, twos to fours mixed up to $8‒$8.75, with heavies and less desirable kinds on down to $6 and below, depending on age, weight, and quality.

_Opening, July 31._—Beef steers, yearlings, butcher cows, and heifers at Chicago sold actively at strong to 25¢ higher prices, mostly 10¢‒15¢ higher. Eleven loads of matured beef steers averaging 1,283 lbs.‒1,694 lbs. topped at $10.60. Best long yearlings brought $10.50, bulk of beef steers $8.50‒$10.15. Twelve loads of Canadian steers arrived, five loads going to stocker and feeder dealers at $5.75. Stockers and feeders displayed some strength.

Good butcher weight hogs gained 10¢‒15¢ and closed firm at the advance. Top was $10.70 with bulk of desirable butchers at $9.90‒$10.60. Activity of shippers, who absorbed around 10,000 head, lent zest and higher prices to the better grades. Mixed and packing grades opened higher, but lacking good competition closed steady to 150 lower, bulk of packing sows turning at $7.75‒$8.60.

Fat lambs closed weak to 15¢ lower after a steady to strong start. Natives and westerns topped at $12.75, bulk of the natives bringing $12.25‒$12.60 and bulk of the rangers $12.65. Feeding lambs at $12.35 downward were lower. Sheep held firm. Choice handy Montana ewes reached $7.50.

STOCKER AND FEEDER SHIPMENTS.

Week Ending Friday, July 28, 1922.

─────────────────────────┬───────────┬───────────┬─────────── │Cattle and │ │ │ calves. │ Hogs. │ Sheep. ─────────────────────────┼───────────┼───────────┼─────────── Market origin: │ │ │ Chicago │ 4,077│ │ 17,432 Denver │ 4,368│ 286│ 241 East St. Louis │ 3,317│ 836│ 492 Fort Worth │ 1,406│ 170│ 1,369 Indianapolis │ 908│ 192│ 772 Kansas City │ 18,483│ 917│ 1,919 Oklahoma City │ 2,996│ 120│ Omaha │ 8,591│ 75│ 19,861 St. Joseph │ 2,098│ 298│ 2,798 St. Paul │ 13,441│ 1,169│ 883 Sioux City │ 5,786│ 353│ 333 Wichita │ 1,512│ 136│ ─────────────────────────┼───────────┼───────────┼─────────── Total │ 66,983│ 4,552│ 46,100 Previous week │ 47,627│ 5,140│ 34,919 Same week last year[5] │ 28,747│ 2,161│ 41,592 ═════════════════════════╪═══════════╪═══════════╪═══════════ State destination: │ │ │ California │ │ 170│ Colorado │ 1,374│ 286│ Illinois │ 8,458│ 826│ 3,681 Indiana │ 2,105│ 192│ 3,521 Iowa │ 17,302│ 1,266│ 8,695 Kansas │ 6,716│ 266│ 1,380 Kentucky │ 487│ 366│ 1,202 Maryland │ 101│ │ 310 Michigan │ 308│ │ 11,445 Minnesota │ 1,014│ 397│ 513 Missouri │ 5,654│ 588│ 4,159 Montana │ 493│ │ Nebraska │ 14,942│ 75│ 9,417 New York │ 48│ │ Ohio │ 1,009│ │ 801 Oklahoma │ 735│ 120│ Pennsylvania │ 3,894│ │ South Dakota │ 837│ │ Tennessee │ 36│ │ Texas │ 901│ │ 270 Virginia │ 129│ │ 411 West Virginia │ 59│ │ 121 Wisconsin │ 323│ │ 174 Wyoming │ 58│ │ ─────────────────────────┼───────────┼───────────┼─────────── Total │ 66,983│ 4,552│ 46,100 ─────────────────────────┴───────────┴───────────┴───────────

New Publications Issued.

The following publications were issued by the U. S. Department of Agriculture during the week ending Aug. 1, 1922. A copy of any of them, except those otherwise noted, may be obtained free upon application to the Chief of the Division of Publications, U. S. Department of Agriculture, as long as the department’s supply lasts.

After the department’s supply is exhausted, publications can be purchased from the Superintendent of Documents, Government Printing Office, Washington, D. C. Purchase order and remittance should be addressed to the Superintendent of Documents direct and not to the Department of Agriculture.

=Sugar Beet Growing Under Irrigation.= By C. O. Townsend, Pathologist in Charge of Sugar-Plant Investigations. Pp. 32, figs. 17. Contribution from the Bureau of Plant Industry. Revised June, 1922. (=Farmers’ Bulletin 567.=)

=The Insulating Value of Commercial Double-Walled Beehives.= By E. F. Phillips, Apiculturist in Charge, Bee-Culture Investigations. Pp. 9. Contribution from the Bureau of Entomology. May, 1922. (=Department Circular 222.=) Price, 5¢.

=A Handbook of Dairy Statistics.= By T. R. Pirtle, Dairy Division. Pp. 72, fig. 1. Contribution from the Bureau of Animal Industry. June, 1922. (=A. I. 37.=) Price, 15¢.

=Vegetable Growing in Guam.= By Glen Briggs, Agronomist and Horticulturist. Pp. 60, pls. 17. June, 1922. (=Bulletin 2, Guam Agricultural Experiment Station.=)

COLD STORAGE HOLDINGS OF FROZEN AND CURED FISH, JULY 15, 1922.

[Thousands of pounds; i. e., 000 omitted.]

──────────────────────────┬────────┬────────┬────────┬────────┬──────── Species. │ Total │ Total │ Total │ Frozen │ Total │holdings│holdings│holdings│ since │holdings │June 15,│July 15,│June 15,│June 15,│July 15, │ 1921. │ 1921. │ 1922. │ 1922. │1922.[6] ──────────────────────────┼────────┼────────┼────────┼────────┼──────── FROZEN FISH. │ │ │ │ │ Bluefish │ 128│ 114│ 65│ 97│ 147 Butterfish │ 153│ 154│ 46│ 83│ 139 Catfish │ [7]│ [7]│ [7]│ 33│ 93 Ciscoes │ 2,525│ 2,605│ 1,080│ 167│ 987 Ciscoes (tullibees) │ [8]│ [8]│ 1,136│ 2│ 1,068 Cod, haddock, hake, │ │ │ │ │ pollack │ 1,955│ 1,916│ 391│ 26│ 339 Croakers │ 187│ 277│ 24│ 65│ 75 Flounders │ [7]│ [7]│ [7]│ 23│ 233 Halibut │ 4,375│ 6,213│ 3,878│ 742│ 4,380 Herring, sea │ 2,889│ 3,775│ 1,121│ 127│ 1,085 Lake trout │ 944│ 1,032│ 498│ 109│ 562 Mackerel │ 1,695│ 1,670│ 1,929│ 624│ 2,422 Pike perches and pike or │ │ │ │ │ pickerel │ [7]│ [7]│ [7]│ 28│ 294 Sablefish │ 270│ 456│ 580│ 56│ 492 Salmon, silver and fall │ 658│ 905│ 344│ 346│ 656 Salmon, steelhead trout │ [9]│ [9]│ 118│ 103│ 209 Salmon, all other │ 963│ 2,182│ 719│ 785│ 1,138 Scup (porgies) │ [7]│ [7]│ [7]│ 913│ 1,043 Shad and shad roe │ 250│ 324│ 273│ 22│ 299 Shellfish │ [7]│ [7]│ [7]│ 32│ 235 Smelts, eulachon, etc. │ 248│ 268│ 351│ 1│ 333 Squeteagues, or “seatrout”│ 263│ 1,405│ 283│ 40│ 260 Squid │ 3,026│ 3,170│ 1,036│ 92│ 1,039 Sturgeon or spoonbill cat│ [7]│ [7]│ [7]│ 88│ 257 Suckers │ [7]│ [7]│ [7]│ │ 16 Whitefish │ 985│ 1,278│ 1,427│ 50│ 1,439 Whiting │ 2,690│ 4,499│ 1,445│ 1,857│ 3,048 Miscellaneous │ 8,107│ 7,917│ 4,074│ 865│ 3,313 ──────────────────────────┼────────┼────────┼────────┼────────┼──────── Total │ 32,311│ 40,160│ 20,818│ 7,376│ 25,601 │ │ │ │ │ CURED FISH. │ │ │ │ │ Herring │ 9,210│ 8,389│ 12,991│ │ 13,425 Mild cured salmon │ 1,672│ 3,140│ 2,358│ │ 3,849 ──────────────────────────┴────────┴────────┴────────┴────────┴────────

_Dairy ^{and} Poultry_ BUTTER MARKETS DROP UNDER ACCUMULATIONS OF RECEIPTS Prices Fluctuate During Week—Large Increase in Consumption Over 1921 So Far This Year.

Increasing accumulations of butter and lack of confidence among members of the trade were the principal factors in bringing about extremely weak conditions and radical declines in all markets during the early part of the week ending July 29. The resulting lower prices attracted a speculative demand which was largely instrumental in causing equally radical advances during the latter part of the week. The prices at the close of the week, however, hovered near the same levels as at the opening, and conditions, although not so extremely weak because of lighter stocks, were equally unsettled.

Since early in July receivers have been burdened with heavy accumulations of receipts because of the curtailed storing demand, and the strength of the market has been maintained by the hope that consuming outlets would become larger, that receipts would decrease more rapidly, or that exporters would take considerable quantities. When there appeared to be no immediate outlet for the accumulating stocks, dealers slashed prices and cleared away a large part of the accumulations.

SPECULATIVE INTEREST DEVELOPS.

The lower prices, however, brought forth a speculative interest which was so keen that prices reacted practically to the level on Monday. But with the higher prices buyers again disappeared, the market became very unsettled, and some price reductions ensued.

The strengthening factors are an excellent consumptive demand, possibilities of export and the improbability of any considerable imports. A shortage in stocks of butter in foreign markets makes it probable that considerable butter will be exported and improbable that the imports will be large. Aside from the possibility of exports and imports, the enormous quantity of butter going into consumption is a major factor in the possible trend of the markets.

Receipts at the four markets since Jan. 1 show a surplus of some 58,000,000 lbs. over the same period a year ago. Of these receipts, nearly 11,000,000 lbs. in excess of last year was stored. Import and export figures for the first six months of the year show an excess of exports over imports of 2,365,000 lbs. During the corresponding period in 1921 there was an excess of imports amounting to 6,139,000 lbs. Deducting the 11,000,000 lbs. which was stored in excess of last year and the decrease of 8,000,000 lbs. due to foreign trade, the apparent increase in consumption since Jan. 1, 1922, amounts to some 39,000,000 lbs.

On the other hand, while larger quantities have gone into consumption there are some operators who are bearish and claim that prices will have to rule higher next winter than last winter in order to allow a fair profit on present storage stocks, and that this condition naturally would reduce consumption. It is claimed also that production may continue comparatively heavy, making large outlets necessary. Some also point out that during our winter months the countries in the Southern Hemisphere have their season of flush production and that imports from those countries are a possibility.

Notwithstanding the fact that the markets at present are weak and unsettled, and receivers generally desire to keep current receipts moving, most of those owning storage butter have confidence in holding it at its present cost.

WHOLESALE PRICES OF BUTTER AND CHEESE, WEEK ENDING JULY 29, 1922.

[Cents per pound.]