The sun., 1918-10-05
LARGE PROVISION
ORDERS FOR ARMY
One Packer to Supply $780,
900 Pounds of Bacon and
134,O0O,000 Of Meats.
PRODUCT OF 100000 HOGS
Government Aims to Stabilize
Price of Hogs, Which Has
Been Declining.


Law, pork showing the maximum de-
Zine Of a dollar q barrel again after
,everal days of such price action. the
market rallied on the reported placing
" an order with one packer amounting
n $500, 900 pounds OF bacon and 1884,
1000 pounds Of meats by the sub
distance department Of the army. This
immense order, It is stated, will require
he products Of about 100000 hogs. II
E,ll probably take more than this as the
ordinary dressed weight Of hog in the
way OF meats Of all kinds 10 about
100 pounds.
The placing of this order was not UNI
,xpected as the orders for the army
have been in large quantity and not at
ireouert intervals. The order was EVIL
IDENTIFY placed in order to stabilize the
brice OF hogs, which had been declining
steadily for several days past The
average price of hogs two weeks ago of
k20.l5 was the highest weeks average
On record. Since that time the decline
has been steady. and the break in corn
md the reported action OF the hog ad-
tisory committee IN fixing the price Of
1880 for October tended to depress
The price of hogs in the market. The
average price Of hogs had dropped to
about the limit for the month Of octo-
her and II was evidently necessary, to
prsvent the price going below $3.50.
10 put In orders sufficient to stabilize
the market
The recommendation Of the. hog ad-
sisory committee that the October price
should be about $3.50 was arrived at
on the basis OF the average price per
100 pounds Of hogs In Chicago and the
price per bushel OF corn on the farm in
The eight leading hog States. 1t was
figured that the price per bushei Of corn
Of the farm or railroad station as re-
ported by the Agricultural Department
IN rs monthly report should be taken
a. the basis for corn, and thirteen times
this price was fixed as the price Of
100 pounds Of hogs In Chicago. This
calculation for the price of corn is to
extend back for a period Of Ave months
70 a. to cover the period Of corn feed
Ing. As q result a heavy downward or
heavy upward fiuctuation in corn values
IN any one month would not necessarily
affect the price of hogs. excepting as It
affected the average value Of the corn
for the Eve months. This Is not a
guaranteed price but price which the
Food Administration will endeavor to
help maintain by its control Of army
md export orders.
No price has yet been arrived at for
November but the decline in the price
OF corn will undoubtedly have consid-
erable bearing on the November price.
The packers. however, have agreed to
maintain the price of hogs at $3.50
FER 100 pounds minimum. -.
CHICAGO, Oct Corn traders showed
D disposition to-day to mark time and
N hA
ton. Prices ,eloaed unsettled, u net
lower to Is advance, with November at
180A TO 1904 and December 1888 to
i2s%. Oats gained Il to IA and pro-
visions 10 to 75c-
Nervousness was evident throughout
the day In the corn market. notwith-
standing transactions were the lightest
In some time. Liquidation by holders
seemed TO be at an end for the present,
but bulls who held that peace selling
had been premature did not appear
ready for an S.ttempt to force any radi-
cal upturn In values. On the other hand,
shorts we're clearly more disposed to
collect profits than to incur new risks.
Under the circumstances Il took only
small orders to affect the market either
way. A temporary break about noon car
ried some prices below yesterdays fig-
ures. but reports OF a better shipping
Government buying gave strength to
oats Besides receipts and country Of
Cerings lacked volume.
consolidated still nervous over the
war situation. In the local cash market
No yellow corn was quoted at t.67k |;
No. yellow. sl.GS%, cost and freight New
York.
OATsvIn the local cash marker stand
ard and No. : white were quoted ut 81 to
HSo.; No. white. SO to STE; No, 4,
white, say to S3hc: ordinary clipped
white, s+ts to s6h c.. all elevator.
RYE-Markst firm; No. 2 Western, S1.7S.
elevator, export. ~,
BARLEY-Market steady; feeding, si.I2
and milling sl.l5. cost and freight New
York.
HAY--Msrkst strong; No. l. ya4o025o;
No. ?, t23oa2.35: No. 3, $2.20G 2.30.
Notwithstanding flour. exports for the
week, according to Brddstreefs aggregate
G02o,S bushels, against 3,326.s4s last
week and 4,so7i5s last year; since July /.
6..5s.ee3 bushels. against 6s,S9T.6s5 last
y-ar Corn exports for the week; 64.1O4
eushsis, against ss4.ee3 week ago and
"a 42S year ago; since July !, 7,l62,2Is,
against s,ss7S0l last year.
CHICAGO PRICES.