Jackson County sentinel. (Gainesboro, Tenn.) 1914-current, 1918-11-21

1tt NtlfAl hFNNho VI ~
The entire marketing situation mas
90 changed since the September )oihl
conference Hs 10 necessitate an en'Irs
alteration in the plans OF price s'sb'-
liZation. Tile current peace talk Aas
alarmed the holders OF corr, ana there
has been a price decline Of frohl 20
cents to 40 cents per buShel. Inc isc'
that the accumulations OF low prices
corn In the Argentine and South Afrl-
ca would, upon the advent OF peace
and liberated shipping, become sya'ls-
Bile to the European market has ere
ated a great deal Of apprehesslss ON
the part Of orr holders. This decline
has spread fear among swine growers
that a similar reduction In the prices
of hogs would naturally follow. Mere
over, the lower range VI corn prices
would, IL incorporated In a lS'to-l ra'
ito, obviously result In q continuously
falling price for live hogs. In vie"
of these changed conditions many
swine producers anticipated lever
prices and as q result rsshed their
hogs to market in large numbers, sAo
this overshipment has added to AID
aggravated the decline.
The information Of the Department
of Agriculture indicates that the sup
ply of hogs has increased about . per
cent, while the highest unofacial ssti-
mate does not exceed IL per csst. In
creased production Oer last year. On
the other hand, the arrival OF hsss
during the last three weeks In the
seven great markets has been n per
cent. more than last year, during the
corresponding period, demonstrating
the unusually heavy marketing OF the
available supply. To the face or the
excessive receipts some packers have
moi maintained the price agreed iast
month. On the other hand, many
Of t4e packers have paid over the
price offered 10 them In an endeav0r
L. maintain the agreed price. The re-
suit In any event has been q failure
20 maintain the october price basis
determined upon ut the September cen
ference aud undertaken by the PACK
ers Another factor contributing 10
the break In prices during the nsntA
has been the influenza epidemic: 10
has sharply curtailed consunptiss 81
pork products and temporarily a.
creased The labor staff Of the packers
about % per cent.
The exports OF 100, 100000 pounds
of pork products for October com
pared with about 52,O00,0OO pounds
I'm October a year ago, q n
EXPORT orders ~placcable by the FEED
Administration for November, amount
TO 170,OO0,000 pounds as contrast.
ed With the lesser exports OF
e8OO0OO0 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
istraton asked. The increase % e.
port demands appears to be amply
sufficient to take up the Increase II
hog product Jn, but u~nfavorable mar
ket conditions existing In OCTOBER az
ford no fair index OF the aggregate
supply and demand.
1t must be evident that the NOT
NOUS shortage In fats In the central
EMPIRES and neutral countries wouiu
Immediately upon peace result u sd-
dltiona. demands. for pork products
which, On top OF the heavy shipments
10 the Allies, would tend materially
10 Increase the American exports. In
ssmmch ms no considerable reservoir OF
supplies exists outside OF the United
States. II seems probable that he
presant prospective supplies would b
Inadequate 10 meet this world demand
with the return to peace. So far ~ II
IN possible TO Interpret this fact, II APP
pears that there should be even Q
stronger demand for pork products
after the war, and therefore any alarm
OF hog producers as to the effect or
peace Is unwarranted by the outlook.
In the light Of these circumstances
n is the conclusion Of the conference
that attempts 10 hold the price OF hogs
10 the price Of corn may WORK cut to
the disadvantage OF pork prodneers.
II Is the conclusion that any tatsrpre-
tstion OF the formula should - q
broad gagged policy applied over .
long period II lie the opinion OF me
conference that In substitution Of the
previous plans OF stsbilat1cn the
Live Stock subcommittee OF the Agri-
CULTURAL Advisory Board, together with
the specially invited swine representa-
lives. should accept the invitation OF
the Food Administration to join with
the Administration and the packers In
determining the prices at which Ca
troIled export orders are to be placed
This will be regularly done. The IN
suenee Of these orders VIM be directed
"a The maintenance OF the common OBJ
tect-namely. the Sterilization VI the
urice OF live hogs 50 as 70 secure IS fsr
IA Il Is loSsit!o fair returns 10 ns