The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1918-11-21

foreign pork purchases.
The conclusions al the conference
The entire marketing situation has
30 changed since the september joint
conference as 10 nee, state an entire
alteration IN tie plaI.s of price Ntabi-
lization. The current peace Talk has
alarmed the holders 0. corn, II there
has been n price decline OF from 20
cents to 30 cents per bushel. The fact
that the accommodations of low priced
corn In the Argentine and South Afrl-
Gu would, upon the advent OF peac"
and liberated shipping, become avail
able to the European market has Gre
ated a great deal OF apprehension on
the part of corn holders. This decline
has spread fear among swine growers
that n similar reduction In the prices
OF hogs would naturally follow. More
over, the lower range of corn prices
would, II Incorporated In a l3-to-l ra-
ito, obviously result In n continuously
falling price for live hogs. In view
Of these changed conditions many
swine producers anticipated lower
prices and as n result rushed their
hogs to market In large numbers, and
this overshipmcnt has added TO and
aggravated the decline.
The information Of the Department
of Agriculture indicates that the sup
ply OF hogs has increased about S per
cent, while the highest unofficial estl-
mate does not exceed u per cent In
creased production over last year. On
the other hand, The arrival of hogs
during the last three weeks In the
seven great markets has been 81 per
cent. more than last year, during the
corresponding period, demonstrating
the unusually heavy marketing of the
available supply. In the face OF the
excessive receipts some packers have
not maintained the price agreed last
month. On the other hand. many
of the packers have paid over the
price offered to them In an endeavor
to maintain the agreed price. The re-
suit In any event has been a failure
to maintain the october price basis
determined upon AT the September con
ference and undertaken by the pack
ers. Another factor contributing to
the brcS.k in prices during the month
has been the influenza epidemic; II
has sharply curtailed consumption of
pork products and temporarily de-
creased the labor staff OF the packers
about % per cent.
The expor of l30OOO,0OO pounds
OF pork products sor October com
pared with about 5000 900 pounds
in October a year ago. and the
export orders placeable by the Food
Administration for November. amount
to l70,0O0,000 pounds AS contrast
ed with the lesser exports Of
$4,000 900 for November, 1917. The
increased demands OF the allies are
continuing, and are In themselves
proof OF the necessity for the large
production for which the Food Admin.
istration asked. The increase In eX.
port demands appears to be amply
sufficient 20 take up the Increase In
hog production. but unfavOrable mar
ket conditions existing In October ar
ford no fair index Of the aggregate
supply and demand.
II must be evident that the enor-
nous shortage In fats In the Central
| Empires and neutral countries would
Immediately upon peace result In nd
ditionnl demands for pork products
which. on top OF the heavy shipments
10 the Allies, would tend materially
to increase the American exports, in.
asmuch as no considerable reservoir ot
supplies exists outside OF the United
| States. II seems probable that the
present prospective supplies would be-
| Inadequate 10 meet this world demand
with the return TO peace. So far as II
is possible 10 interpret this fact, II ap
pears that there should he even d
stronger demand for pork product,
after the war, and therefore any alarm
OF hog producers ms TO the effect Of
peace IL unwarranted by the outlook.
In the light Of these circumstance.
Il is the conclusion Of the conference
that attempts TO hold the price ~ hog'
TO the price ~ corn may work out 4
the disadvantage Of pork producers
II IL the conclusion that any lntcrpre
tation Of : = formula should be I
broad gagged policy applied over 1
long period. II Is the opinion OF the
conference that In substitution OF thu
previous plans of sterilization thu
Live stock subcommittee Of the Agrl
cultural Advisory Board, together with
the specially invited swine representa-
lives. should accept the Invitation o
the Food administration to Join will
he Administration and the packers II
determining the prices at which con
trolled export orders are to be placed
This win he regularly done. The In
iuence Of these orders will be directed
TO the maintenance of the comlnon oh
~ject-name!y, the qualification OF tn
price Of live hogs so A. to secure as IN
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