The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1918-11-14

le industry, on October "a there was
the Live Stock subcommittee Of the
ecial members representing the swine
hog market.
IS, and during this time met with the
!, firms participa ting in foreign orders
/ Of the Food Administration directing
1ere as follows:
producer and the insurance Of an ade-
quate future supply.
These foreign orders are placed
upon the basis Of cost OF hogs to the
packers.
AS the result Of long negotiations
between this body and the Packers
Committee, representing the As to SO |
packers participating in foreign or
ders, together with the Allied buyers,
all under the Craftsmanship Of the /,
Food Administration, the following un-
dertaking has been given by the pack
ers:
In view of the undertakings on the
part Of the Food Administration with
regard to the co-ordinated purchases
Of pork products, covered in the at
tached, it is agreed that the packers
participating in these orders will un-
dertake not to purchase hogs for less
than the following agreed minimums
for the month Of November, that is a
daily minimum Of $3.50 per hundred
pounds on average Of packers droves,
excluding throw-outs. ''Throw-outs'
to- be defined as pigs under $50
pounds, stays, boars, thin sows and
skips. Further that no hogs Of any
kind shall be bought, except throw
outs, at less than $16.50 per hundred
pounds. The average Of packers
droves to be construed as the average
Of the total sales in the market of all
hogs for given day. All the above
to be based on Chicago.
We agree that a committee shall be
appointed by the Food Administration
to check the daily operations in the
various markets with a view to super.
vision and demonstration of the carry
Ing out of the above.
The ability Of the packers to carry
out this arrangement will depend on
there being normal marketing of
hogs based upon the proportionate in
crease over the receipts Of last -year.
The increase In production appears to
DO q maximum of about Is per cent.
and we can handle such an increase.
| II the producers of hogs should, as
they have in the past few weeks, pre-
maturely market hogs in such tncreas-
ing numbers over the above It is en-
tirely beyond the ability of the pack
ers to maintain these minimums, and
therefore we must have the co-opera-
ton Of the producer himself to main
tain these results 1t is physical
impossibility for the capacity Of the
i packing houses to handle similar
over-flood Of hogs and to find a market
for the output. The packers are anx
ious to, cooperate with the producer;
in maintaining sterilization Of price
land to see that producers receive
fair price for their products.
(signed). THOs e. WILSON,
I
The plan embodied above was adopt
!, ed by the conference.
J, The Food Administrator has appoint
J, ed committee, comprising Mr.. Thorn
!, as e. Wilson, chairman Of the Pack
J, ers' Committee Mr.. Everett Brown
; president Of the Chicago Livestock Ea
: change; Major Roy Of the Food Al
, ministration, Mr.. Louis D. Hall Of tn
, Bureau Of Markets., to undertake tn
: supervision of the execution Of tn
: plan in the various markets. Commas
; sion men are asked to cooperate i
CARRYING out the plan embodied in til
packers agreement. 1t must be ev
:, dent that offers by commission men 7
), sell hogs below the minimum estat
: lished above is not fair, either to tn
:, : producer or the participating packer
: Mr.. Brown has undertaken on beha]
= Of the commission men in the Unite
: States that they will loyalty supper
+ the plan.
4 II is believed by the conference ths
e this new plan, based as 1t is upon
: |nositiye minimum basis, will bring be
Al ter results to the producer than. ave
It age prices for the month. It does n
: limit top prices and should mario
. the margins necessary to country blu,
. ers in more variable markets. It
= believed that the plan should work Q,
e close to $1s average.
Swine producers Of the country wi
8 contribute to their own interest
: not flooding the market, for it must I
3 evident that If an excessive over pc
= centage Of hogs is marketed In Sc ar
: one month price sterilization and CO..
). troll cannot succeed, and it is certal
8 that producers themselves can CONT
= butte materially to the efforts Of Il
s conferences If they will do their mar
3 citing in as normal a way as possible.
e The whole situation as existing g
"A present demands a frank and expht
hi assurance from; the conferees repr
al scented namely, that every possib
Of effort will be made to maintain ~
III hog price commensurate with syvill
IN prod uction costs and reasonable &c
n-Iing values in execution Of the decls
rGH