154 
American Agriculturist, February 17, 1923 
Reviewing the Latest Eastern Markets and Prices 
THE TREND OF FEED PRICES 
VERY dairyman is interested to 
more or less degree in the feed 
market outlook for the weeks between 
now and spring grass. With this in 
mind, I pass on . to you the opinions as 
to the feed market situation of a man 
with whom I talked this week, who is 
in position to know as much about such 
conditions as anyone in the country. 
As to corn, oats, wheat and barley, 
he stated that the situation was very 
uncertain and would be largely influ¬ 
enced by the outcome of foreign com¬ 
plications now existing. There seems 
to be a tendency among farmers to 
hold what grain they have left for a 
higher market, and the consumption 
of corn on the farm is very greatly 
increased over normal years. If finan¬ 
cial arrangements are made that will 
enable foreign nations to purchase in 
the volume they undoubtedly need, our 
markets would, of course, be much 
stronger. On the other hand, if this is 
not done, there is no reason for any 
material advances. 
Linseed oil-meal stocks in all termi¬ 
nal markets are light. Supplies of 
flax seed at country points are ade¬ 
quate to keep the mills operating in a 
limited way until a new crop, but it is 
rumored that some of the Minneapolis 
crushers contemplate discontinuing on 
account of limited supplies of raw ma¬ 
terials. The circumstances seem to this 
man to offer no reason for declines in 
this product. 
Cottonseed Meal Lower 
Cottonseed meal and cake have de¬ 
clined from $1 to $2 during the past 
few weeks. The domestic demand for 
this material has been about normal 
and the cotton crop about half of 
normal this season. This man’s opin¬ 
ion is that the low point has been 
reached for the time being at least, 
and some advances from present prices 
may be expected. 
The supply of gluten feed is limited 
with most manufacturers. With corn 
advancing slightly, there seems to be 
little justification for lower prices in 
the immediate future. The freer offer¬ 
ings in some sections have been due to 
railroad embargoes which made it im¬ 
possible for mills to fill their eastern 
sales. 
Mills both northwest and southwest 
are running on a very limited capacity, 
and in consequence supplies of brans 
and middlings are very limited. It will 
probably be April or May before some 
of the mills are caught up on extracts, 
passed due. Spot bran and middlings 
are both in demand, and as long as this 
condition exists material declines are 
unlikely. —Herschel H. Jones. 
POTATO SITUATION BAD 
Those who have potatoes still on 
hand will be interested in the report 
just issued by the United States De¬ 
partment of Agriculture estimating 
the marketable stocks of white potatoes 
on hand January 1. According to this 
estimate 29.7 per cent of the total 1922 
production in the late potato states is 
still on hand, compared wih 26.6 per 
cent of the total crop on hand at this 
time last year. The estimated total 
crop of this season was 422,122,000 
bushels, compared with 337,980,000 
bushels last year. 
In the 19 states of especially heavy 
production, including New York, 35.3 
per cent of the marketable crop is still 
on hand, compared with 31.4 per cent 
on hand at this time,last year. 
In the heavy production states, 85.8 
per cent of the merchantable stock still 
on hand is held by the growers them¬ 
selves and only 14.2 per cent by 
dealers. 
The average price of 46.2c per 
FOR GOOD SERVICE SHIP TO 
M. ROTH 8c CO. 
ESTABLISHED OVER 30 YEARS 
Prompt Returns 
High Prices 
Financially Reliable 
185 DUANE STREET 
NEW YORK 
WRITE FOR SHIPPING TAGS 
E 
G 
G 
S 
E 
G 
G 
S 
bushel in those states on December 1, 
1922, was lowest for that date in eight 
years. The price of 58.7c on December 
1, 1915, was the nearest to it. 
The total carlot shipments of pota¬ 
toes in the entire country to date are 
only a few thousand cars in excess of 
last year to same date, in spite of the 
heavier production. 
This data does not make the outlook 
for potato growers in New York State 
who still have their potatoes look very 
encouraging. If statistics do not lie, 
spring prices for potatoes will at least 
be no higher than at present. 
Receipts of potatoes at New York 
were liberal, but included very few 
Maines. State round whites at the 
yards sold at $2.40 to $2.65 per 180 lb., 
bulk. There has been a lot of frozen 
stock which sold at very irregular 
prices. Sacked States sold at $1.90 to 
$2 per 150-lb. sack, with a few at $2.10. 
APPLES MOVE SLOWLY 
The market for both barrel and box 
apples has been in unsatisfactory'shape 
the snow will check shipments and 
cause a firm market temporarily. The 
cold storage reserve of eggs now are 
only about 1,500 cases more than at 
this time last year. Considering the 
much larger quantities put into storage 
last spring, the consumption of eggs 
has obviously increased considerably. 
BUTTER FALLS—THEN RISES 
Although wholesale butter prices, 
both fresh and storage, dropped down 
to the lowest level in many weeks 
since our last review, they gradually 
picked up again. The market was firm 
on February 8, with creamery salted 
high score at 50 to 50 %c. Receipts 
are running considerably in excess of 
last year. Since January 1 New York 
has received 50,000 tubs more than in 
the same period last year. The colder 
weather of last week, however, cut 
down the receipts, and the prospect of 
a lighter supply, together with an in¬ 
creased demand, stiffened the market. 
Retail prices have come down 4 or 5c 
per lb., and most of the chain stores 
Quotations From Eastern Markets 
The following are the prices at which farm products of special interest to 
eastern farmers sold on February 9; 
Eggs, Nearbys (cents per dozen) . 
New Jersey hennery Whites uncandled, extras... 
Other hennery whites, extras.. 
Extra firsts. 
Firsts. 
Gathered, whites, first to extra firsts. 
Lower grades. 
Hennery browns, extras. 
Gathered browns and mixed colors, extra fancy. 
Pullets No. 1. 
Butter (cents per pound) 
Creamery (salted) high score.... 
Extra (92 score).. 
State dairy (salted), fine to fancy. 
Good to prime. 
Hay and Straw, Large Bales (per ton) 
Timothy No. 2. 
Timothy No. 3. 
Timothy Sample. 
Fancy light clover mixed 
Alfalfa, second cutting. . 
Oat straw No. 1 ...... . 
Live Poultry, Express Lots (cents per lb.') 
Fowls, colored fancy, heavy. 
Fowls, leghorns and poor. 
Chickens, leghorns. 
Roosters. 
Live Stock (cents per pound) 
Calves, good to medium... 
Bulls, common to good. 
Lambs, common to good. 
Sheep, common to good ewes. 
Hogs, Yorkers. 
New York 
45 @48 
44 @45 
42H@43 
41 @42 
41 @43 
39 @40 
45 
40 @43 
37^@38 
60@50)4 
49@4944 
43@47 
37@42 
$21@23 
19@20 
15@17 
23@24 
24@25 
16@17 
33@35 
25@26 
23@26 
17 
14^^@15J4 
2'A@ 4 
9 @1154 
354@ 554 
954@ 954 
Buffalo 
44*@46 
41@42 
51@52 
49@50 
47@48 
41@46 
27@29 
24@25 
18@20 
17@18 
1254@15 
354@ 554 
13^@15J4 
7 @ 854 
954 
Phila. 
39 
37 
4954 
$ 2 ' 0@21 
17@18 
20 
12.50@13 
31@32 
27@28 
26@28 
17@18 
since last week. The movement has 
been slow. Buyers want only fancy 
graded stock, especially McIntosh and 
Spies, and really fancy goods sold 
readily. Both Baldwins and Greenings 
sold at $4 to $5 per barrel, depending 
on quality. Good McIntosh brought 
$10 to $15 per barrel. 
ONION MARKET DULL 
Heavy supplies of onions, of which a 
large part were of inferior quality, 
caused a dull and weak market. State 
yellows sold per cwt. at $2.25 to $2.65. 
CABBAGE HOLDS FIRM 
The New York market for cabbage 
continued firm, with Danish selling at 
$32 to $35 per ton, with some fancy 
as high as $38. New cabbage is still 
in light supply, and it looks as though 
the market would hold steady for the 
next two weeks. 
EGG MARKET STILL LOWER 
The highest quotation on New 
Jersey hennery white eggs was 45 to 
48c per doz. last week. The great bulk 
of the nearby shipments were not of 
uniform, fancy quality to bring this 
price. Accumulations of nearby eggs 
were pretty well cleaned up in the 
market. Buyers tended to discriminate 
closely as to quality. Hennery browns, 
extra fancy, brought within two cents 
of the top price on fancy whites, and 
demand for fancy dark brown eggs 
was good. In packing hennery browns 
it pays to sort out the dark color, which 
are in better demand than cream color. 
Since January 1 the receipts at New 
York have been about 40,000 cases 
ahead of last year in the same period. 
Receipts last week were about 8,000 
cases in excess of the week before. It 
is likely that the colder weather and 
are now selling at about 55c. The 
stocks of cold storage butter still on 
hand in the four large markets of the 
country, February 7, were only 8,700,- 
000 lbs., compared with 23,000,000 lbs. 
on the same date last year. 
There is a surplus of unsalted butter 
in the market and only a limited de¬ 
mand for it. Unless values advance 
again, it is improbable that much more 
of the Danish butter will be imported. 
CHEESE MARKET WEAKER 
The market for cheese was not so 
firm last week as in the week previous. 
The feeling as to the near future is un¬ 
certain. Jobbers are only buying small 
lots for the most part to meet current 
needs. Stocks of held State flats, how¬ 
ever, are very moderate and holders 
seem to feel that they can maintain 
present prices for a while at least. The 
quotation on State flats, held average 
run, which affects the price of fluid 
milk, continued at 28 to 2 SV 2 C per 
pound. 
LIVE POULTRY MARKET STRONG 
Last week there was temporarily a 
shortage of live fowls, chickens and 
broilers. Broilers are in demand. 
Fancy heavy fowls brought premiums 
of 1 to 2c above top quota. Western 
shipments by freight continue heavy, 
but were delayed in arrival. Very few 
express shipments of fowls or chickens 
are arriving. The market is glutted with 
dressed poultry and -nearby shippers 
can get better results shipping alive. 
Nearly 2,000,000 pounds of dressed 
poultry were received at New York last 
week, which was considerably over twice 
as much as in the corresponding week 
last year. The total receipts of dressed 
poultry in the four largest markets 
since January 1 are nearly twice 
what, they were last year in the same 
period. 
Poultry shippers are advised to cut 
out and keep before them the following 
calendar of Jewish and other holidays 
in the next three months: 
Purim, March 2, Market Lays. February 
26 to March 1 ; Commodities in Demand, 
Fowls and Hen Turkeys. 
Easter. April 1, Market Days, March 26 
to 29 : Cominoipties in Demand, Fowls, 
Capons, Ducks, Geese, Rabbits, Spring Lambs 
and Prime Veal Calves. 
Passover, April 1, Market Days. March 26, 
to 29 : Commodities in Demand, Turkeys, Fat 
Fowls, Ducks and Geese. 
Last Passover, April 7-8, Market Days, 
April 2 to 6 ; Commodities in Demand, Prime 
quality of all kinds. 
Feast of Weeks, May 21. Market Days, May 
15 to 18 ; Commodities in Demand, Very lit¬ 
tle extra for this holiday. 
Decoration Day, May 30, Market Days, May 
24 to 29: Commodities in Demand, Broilers 
and Prime stock of all kinds. 
HAY SURPLUS DISAPPEARING 
Due to continued light shipments, the 
outlook for hay at New York is improv¬ 
ing, especially on high grades. Per¬ 
mits are hard to get and there is no im¬ 
mediate prospect of heavier receipts. 
Most of the offerings are No. 2 and No. 
3 western hay. Most sales have been at 
$20 to 23 per T. and none exceeding $24. 
CHANGES IN FEEDS 
Wholesale feed prices at Buffalo 
showed declines last week on cottonseed 
meal and advances on mill feeds. Of¬ 
ferings of feed at Buffalo have been 
liberal, but trading was handicapped 
by the railroad situation. Quotations 
on carlots f. o. b. Buffalo in 100-lb. 
sacks February 7 were: 
' Gluten feed, $46.55 @ 47 : cottonseed meal. 
36%, $47 @47.50 ; oilmeal, 33% to 34%, local 
billed, $50.50 @ 51 ; standard spring bran, 
$32.50 @ 32.75 ; hard winter bran, $33 @ 33.- 
25; standard spring middlings, $33 @ 33.25 ; 
choice flour middlings, $33.25 @ 35.75. 
No. 2 yellow corn per bushel at Buffalo was 
8454c ; No. 2 white oats, 5054c ; rye No. 2, 9854c. 
GRAIN MARKETS STRONGER 
A more optimistic outlook on the 
European situation last week caused a 
stronger market on future grains, 
which had its effect on cash grains. 
Prices on February 9, per bu., at New 
York, follow: 
Wheat, No. 2 red, $1.32 ; No. 2 hard winter, 
$1.2954; corn. No. 2 yellow, 93c; oats No. 2 
white, 5554 @56c ; ordinary white clipped, 5454 
@ 5654c; rye, $1.02; barley, 79 @ 80c ; buck¬ 
wheat, $1.96@2.16. At Chicago, corn No. 2 yel¬ 
low, 74j4@75c; oats No. 2 white, 4454@45V^c: 
barley, 60 @68c. 
The Valley of the Giants 
(Continued from page 150) 
sweetly. Her apparent sympathy 
soothed his rasped soul. He continued: 
“Oh, I’ll get the infernal property, 
and it will be worth what I have to pay 
for it. I’ll see Judge Moore to-morrow 
and offer him a quick profit for his 
client. That’s the game, you know/’ 
“I do hope the new owner exhibits 
some common sense. Uncle dear,” she 
replied, and turned back to the piano. 
“But I greatly fear,” she added to her¬ 
self, “that the new owner is going to 
prove a most obstinate creature and 
frightfully hard to discover.” 
True to his promise, the Colonel 
called on‘Judge Moore bright and early 
the following morning. “Act Three of 
that little business drama entitled ‘The 
Valley of the Giants,’ my dear Judge,” 
he announced pleasantly. “I play the 
lead in this act. You remember me, I 
hope. I played a Bit in Act Two.” 
_ “In so far as my information goes, 
sir, you’ve been cut out of the cast in 
Act Three. I don’t seem to find any 
lines for you to speak.” 
“One line. Judge, one- little line. 
What profit does your client want on 
that quarter-section?” 
“That quarter-section is not in the 
market. Colonel. When it is. I’ll, send 
for you. And remembering how you 
butted in on politics in this country last 
fall and provided a slush-fund to beat 
me and place a crook on the Superior 
Court bench, in order to give you an 
edge in the many suits you are always 
filing or having filed against you, I rise 
to remark that you have about ten split 
seconds in which to disappear from my 
office. If you linger longer. I’ll start 
throwing paper-weights.” And to empha¬ 
size his remark, the Judge’s hand closed 
over one of the articles in question. 
The Colonel withdrew with what dig¬ 
nity he could muster. 
(Continued next week) 
