The Glenwood post., 1918-11-23

producer and the insurance of an ads-
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 45 to 80
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, 1t is agreed that the packers
participating In these orders will un-
dertake not to purchase hogs for less
than the following agreed minlmums
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 13O
pounds, stays, boars, thin sows and
skips. Further, that no hogs of any
kind shall be bought, except throw
outs, at less than $3.50 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 he
appointed by the Food Administration
to check the daily operations N the
various markets with view to super
vision and demonst ration 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 a 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-
ing numbers over the above 1t is en-
tirely beyond the ability of the pack
ers to maintain these minimums, and
therefore we must have the co-Opera-
tion Of the producer himself to main
tain these results. 1t 10 a physical
impossibility for the capacity of the
packing houses to handle a similar
over-flood Of hogs and to find market
for the output. The packers are anx-
ious to cooperate with the producers
in maintaining q stabi]lzation of price
and to see that producers receive q fair
price for their products.
(signed) THOS. E. WILSON,
Chairman Packers Committee.
The plan embodied above was adopt
ed by the conference.
The Food Administrator has appoint
ed a committee, comprising Mr.. Thomas
F, r. Wilson, chairman Of the Pack
ers' Committee; Mr.. Everett Brown,
president Of the Chicago Livestock Ex-
change; Major Roy OF the Food Ad-
mlnistrat ton, Mr. Louis D. Hall Of the
Bureau Of Markets, to undertake the
supervision Of the execution of the
plan in the various markets. Commits
sion men are asked to cooperate in
carrying out the plan embodied In the
packers agreement It must be EVIL
dent that offers by commission men to
sell hogs below the minimum estab-
lished above II not fair, either to the
producer or the participating packers.
Mr.. Brown has undertaken on behalf
of the commlssion men In the United
States that they will Loyalty support
the plan.
It IL believed by the conference that
this new plan, based as II is upon a
positive minimum basis, will bring bet.
ter results to the producer than aver
age prices for the month. 1t does moi
limit top prices and should narrow
the margins necessary to country buy
II ers In more variable markets. II Is
believed that the plan should work ou'
close to $1s average.
Swine producers Of the country vii
contribute to their own interest by
not flooding the market, for II must b'
centage Of hogs Is marketed in any
one month price stnbilizntion and con
trol cannot succeed, Hnd 1t is cerf9 II
that producers themselves can contrf
butte materially to the efforts of the
conferences II they will do their mark
citing in as normal way as possible.
The whole situation as existing al
present demands frank and explicit
assurance from the conferees repre-
scnted-namely, that every possible
effort will, he made TO maintain llvt
hog price commensurate with swine
production costs and reasonable sell
ing values In execution OF the declared
policy Of the Food Administra tio,
. to use every agency In its control b
secure Justice to the fnrmer.
The stabilizatiOn methods adoptet
for November represent The best q
forts Of the conference, concurred u
, by the Food Admlnlstretloa and u