The Sentinel=record., 1918-11-26

were as follows:
 producer and the insurance of m ade. quate future supply.
 These foreign orders are nlecel upon the basis of cost of hogs to tn, packers.
 As the result of long negotiation. between this body and the Packers Committee, representing the 45 to 5C packers participating in foreign or ders, together with the Allied buyers al under the Chairmanship of the Food Administration, the following un dertaking has been given by the pack CTS:
 m View of the undertakings on fine part of the Food Administration win legard to the co-ordinated purchases of pork products, covered ln the nt .ioched' 1t is agreed that the packers participating in these orders will m. dertake not to purchase hogs for less than the following agreed minimums for the month of November. that iA a daily minimum of $l75O per hundred pounds on average of packers droves. excluding throw-outs. "Throw-outs to be defined as pigs under 13O pounds, stags, boars, thin sows and skips Further, that no hogs of any kind shall be bought, except throw. outs, at less than S1e.50 per hundred pounds, The average of packers droyes to be construed as the average of the total sales in the market of all hogs for a given day. All the above to be based on ClAcago.
 We agree that a committee shall be appointed by the Food Administration 10 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 a normal marketing of hogs based upon the proportionate in. crease over the receipts of last year. The increase in production appears to be Q maximum of about 15 per cent. and we can handle such an increase.
 If the producers of hogs should, as they have in the past few weeks, pre-. maturely market hogs in such increas ing numbers over the above it is eu. tlrely beyond the ability of the pack CTS to maintain these minimums, and therefore we must have the co-opera. tion of the producer himself to main. tain these results. It is a physical imnossihllity for the capacity Of the packing houses to handle a similar over-Aood of hogs and to find a market for tho output. The packers are anx- ious 10 cooperate with the producers in maintaining q stablization of price and to see that producers receive a fair price for their products.
 (Slgned) THOS. [. WILSON.
 Chairman Packers Committee.
 The plan embodied above was adopt ed by the conference.
 The Food Administrator has appoint cd committee, comprising Mir. Thomas F. Wilson, chairman of the Pack ers' Committee; Mir Everett Brown, president of the Chicago Livestock Ex. change Major Roy of the Food Ad. minlstration, MT Louis D Hall of the Bureau of Markets, to undertake the supervision of the execution of the plan in the various markets Commis- sion men are asked to- cooperate in carrying out the plan embodied In the packers agreement It must be evi. dent that offers by commission men to sell hogs below the minimum estab- llshed above is not fair, either to the producer or the participating packers Mir. Brown has undertaken on behalf of the commission men in the United States that they will Loyalty support the plan,
 It is believed by the conference that this new plan, based as it is upon n positive minimum basis, will bring bet. ter results to the producer than aver age prices for the month. It does not limit top prices and should narrow the margins necessary to country buy CTS in more variable markets. 1t is believed that the plan should work out close to SIS average.
 Swine producers of the country will tpuAlUuAt NU AAtEAA UNn AuLNItHt NN not flooding tho market for it must be evident that if an excessive over per centage of hogs is marketed' in any one month price stabillzation and con. trol cannot succeed, and 1t Is certain that producers themselves can contri- bute materially to the efforts of tho if they will do their mark. eting in as normal way as possible
 The whole situation as existing al present demands frank and explicit assurance from the conferees repre- scented that every possible effort will be made to maintain q live hog price commensurate with swine production costs and reasonable sell ing values in execution of the declared policy of the Food Administration to use every agency in Its control to secure justice to the farmer.
 The stabIlization methods adopted
 November represent the best ef
 of the conference, concurred in
 Fsana Agf4tpfstrnfian ana Ina