Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-08-27
LIVE STOCK TRADE
ISSUES PROTEST
OBJECTS TO FIXING OF LIVE
STOCK PRICES BY FOOD CON.
TRoLLER HOOVER. N
OFFERS 70 ASSIST IN
SOLVING MEAT PROBLEM
Proposes to Establish Fivs-Day Market
and Make Effort to Equalize Each
Days Receipts in Order to Estab-
Iish Uniform Priees-Fear Expressed
That Breeders Will Become Pancky.

Chicago, Aug. 27-Fixing Of prices
OF live stock by the government at this
time would cause calamity in pro.
ducing circles, representatives Of Food
Administrator Hoover were told Satur-
day by packers and representatives OF
stock yards interests. at meeting held
at the Saddle and Sirloin Club.
Instead, it was advocated that the
government, packers, commission mer-
chants and producers work to estab-
lish a fiye-day market, and to equalize
the weekly run so that the prices OF
live stock would be more uniform. Fur
Their cooperation between all Of the
live stock interests and the govern
ment it was said, would result in a
satisfactory solution of the live stock
problem.
1t was pointed out to NJ. L. Requa,
Clifford Pinchott and E. c. Lasater,
representative Of Food Administrator
Hoover. that it was necessary to re-
store the confidence of~the live stock
producer in the government before
there would be any concerted move
ment to increase the production of
live stock in the country.
Producers Afraid.
The heavy receipts of hogs and thin
cattle during the past few months
were due, It was pointed out, to the
fact that the producers We're afraid the
government would establish prices for
live stock, and they feared they would
get the short end Of the deal.
Partial assurance tina, there would
be no price fixing of live stock Sat
urday was given by NJ. L. Requa, one
Of Hoover's representatives.
IF YOU win read the food bill re-
Gently enacted by congress" he said,
you will find that 1t contains moth
ing giving power to control the price
of live stock As interpret the bill, II
gives the power to control only the
price of wheat.
According to what was said at this
conference, the producers are not IN
favor of controlling the price OF live
stock; rather, they want supply and
demand to establish prices as has been
the case in the past. 1t was pointed
out by the commission merchants that
VI
would come when the farmer was as
sured that he would profit from his
business.
Urge Cooperation.
'.Co- operation between the farmers,
packers, food commission and govern
mens, they said. would be the best
means Of solving the live stock prob
lem The packers. at this conference
pledged themselves as being willing to
do all in their power to help the gov
eminent"
Efforts will be made to have the
railroads supply trains SO that a five
market plan may be worked out.
At present some OF the roads run
live. stock trains on their branch lines
only on two days a week-Saiurday
and Tueeday-thus having the bulk OF
the receipts arrive on Monday and
Wednesday.
The packers, il was said, are against
such an arrangement. because they
are compelled to guarantee their men
so many hours a week, and when the
receipts are small, they are forced TO
pay this help which is idle. because
Of the lack of stuff to slaughter.
Another Conference 1oo.
Another conference was held this
morning at the Saddle and Sirloin Club
at the suggestion Of NJ. L. Requa, at
which the stabilizing Of prices
thru equalization Of receipts was
discussed.
The packers and commission men
unanimously proposed to Mr. Requa
that Mr. Hoover send represehtati
to the yards to see that the ideas OF
the food administrator were carried
out here.
It was suggested by the packers and
yards interests that much could Dc
done to stabilize prices by equaiizins
the runs, thus preventing heavy runs
one week and light ones the next
with consequential fluctuation OF
prices. All present at the meeting ex-
pressed themselves as earnestly Will
ing to aid the food administration in
every way possible both as to in
creasing food production and bringing
about price adjustment which produce
ers could figure against In planning
their work.
Hoover Makes Denial.
In a statement issued SATURDAY
night NJ. Hoover denied there Is any
foundation for a statement that the
food administration expects 10 Hx
prices Of beef or pork products.
The administration hopes to develop
"by discussion with representative
committees Of the hog producers, the
cattle producers, the commission men
and the packers" the statement says,
greater sterilization Of the industry
during the war and in such a way as
to encourage production, to eliminate
speculative profits and risks so far as
may be and by SO doing to protect the
consumer"
Before Mr.. Hoover left Chicago he
was handed formal request from the
packers that he appoint a federal dc
tator Immediately to take over entire
control OF the live stock industry.
TEDDY FOR WAR INSURANCE.