The Snyder signal. (Snyder, Tex.) 1887-????, 1918-11-22

convened In Washington a meeting d
Agricultural Advisory Board and the
Industry to consider the situation in Il
The conference lasted for ilfee d
executive committee Of the nifty packI
for pork products aud with the meinb,
foreign pork purchases.
The conclusions OF tho conference
The entire marketing situation has
10 changed since the September joint
conference as TO neccssliate nm entire
attention In the plans OF price siahl'
llzatlon. The current peace talk has
alarmed the holders Of corn, and there
has been price decline Of from p
cents to 40 cents per bushel. The fact
that the nccumulntons OF low priced
corn In the Argentine md South Afrl
ca would. upon the advent OF peace
and liberated shipping. become aynlla'
bic to the European market has ere
ated great deal Of apprehension on
the part OF corn holders. This decline
has spread fear among swine growers
that similar reduction In the prices
OF hogs would naturally follow More
over, the lower range Of corn prices
would. II Incorporated in i3.to-l ra'
Ito, obviously result IN continuously
falling price for live hogs. In view
Of these changed conditions many
swine producers anticipated lower
prices ANA as n result rushed their
hogs to market In large numbers, and
this overshlpment has added to and
aggravated the decline.
The information Of the Department
Of Agriculture Indicates that the sup
ply Of hogs has Increased nbout s per
cent, while the highest unofficial esll-
mate does not exceed 10 per cent. IN
crensed production over last year On
the other hand, the arrival OF hogs
during the last three weeks In the
seven great markets has been q 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 puld over the
price offered 20 ihem 10 an endcavor
TO maintain the agreed price. The re-
suit In any event has been failure
to maintain the October price basis
determined upon nj the September con
ference and undertaken by the pack
ers. Another factor contributing to
the break In prices during the month
has been the influenza epldcmlci II
has sharply curtaled consumption Of
pork products and temporarily de-
creased the labor stan Of the packers
about % per cent
The exports OF l30,0OOOOO pounds
Of pork products Tor uc,opcr co'n'
pared with about o-'VVo'VVo pou,ua
In October year ago' ANA IN,
export orders placeablc by ihe toou
Administration for November amount
to lT0,0OoOOO pounds ns contrast,
cd with the lesser exports Oh
0S,0O0,OO0 for November, lDlh Inc
Increased demands OF the allies are
continuing, and are In themselves
proof Of the necessity for the large
production for which the Food Admin
istrnilon asked. The Increase In ex'
port demands appears to be amply
sufficient to take up the 'ncrense u
hog production, but untnNurhoie inu,
ket conditions existing In octooer NJ
ford no falr index OF the aggrega'c
supply and demand.
II must be evident that the enor
NOUS shortage In fats In the Contra
FmpIres and neutral countries wout
immediately upon peace result In I'D
altIonal demnnds for pork product
which on ton Of the heavy shipments
N tho Allies. would tend MATERIAL,
IN ,nrrcnso tho American exports, In
ssmuch "A no considerable reservoir o.
,rnnlIcs EXISTS outside Of the United