The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-11-19

foreign pork purchhSes'
The conclusions Of the conference
The entire marketing situation ha
so changed since the September JON
conference as TO necessitate an ehtir'
alteration In the plans OF price slaoi
llzaton. The current peace talk ma
alarmed the holders OF corn ana ther'
has been a price decline or from -
cents 10 40 cents per pushel. The rae
that the accumuations Of low prlcec
corn In the Argentine and South Arri
ca would, upon the advent OF peace
and liberated shipping, become availa
bic to the European market mas ere
ated a great deal Of Apprehension oi
the part of corn holders. Thls decline
has spread fear among swine growers
that Il similar reduction in the price
OF hogs would naturally follow. More
over. the lower range OF corn price
would, II Incorporated in 1901 ra
ito, obviously result in Il contihuousl!
falling price for live hogs. 10 vie"
of these changed conditions many
swine producers anticipated lower
prices and as result rushed theii
rhogs TO market In large numbers, ano
this overshipment has added to ane
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 unofficial esti-
mate does not exceed 10 per cent. in
creased production over last year, On
the other hand, the arrival OF hogs
during the last three weeks In the
seven great markets has been - per
cent. more than last year, during the
corresponding period. demonstrating
the unusually heavy marketing OF the
available supply. In the face OF the
excessive receipts some packers have
not maintained the price agreed lasf
month. On the other hand, many
of the packers have paid over the
70 maintain the agreed price. The re-
suit in any event has been faliure
TO maintain the October price basis
determined upon at the September con-
ference and undertaken by the pack
ers. Another factor contributing 10
the break in prices during the month
has been the influenza epidemic; II
has sharply curtailed consumption OF
nork products and temporarily de-
creased the labor staff of the packers
about 25 per cent
The exports of 100000 pounds
OF pork products for October com
pared with about 52,00000O POUNDS
ip October year ago, ana the
export orders placeable by the Food
Administration for November, amount
TO lTOOO0.OO0 pounds as contrast
ed with the lesser exports OF
$4,000 600 for November, 1917. Inc
Increased demands Of the allies are
continuing, and are In themselves
proof of the necessity for the large
production for which the Food Admin
istratio4 asked. The Increase IN eA-
port demands appears to be amply
sufficient to take up the Increase ln
hog product III, but unfavoraoie mar
ket conditions existing in october ar
ford no fair index Of the aggregate
supply and demand.
II must be evident that the enor-
NOUS shortage in fats in the Central
Empires and neutral countries "oulo
Immediately upon peace result IN au-
ditional demands for pork products
which, en- top of the heavy shipments
"a the Allies, would tend materially
TO increase the American exports III
asnucb MS no considerable reservoir OF
supplies exists outside OF the uhiteu
States 1t seems probable that the
present prospective supplies would be
Inadeouate to meet this world demand
with the return to peace. SO far as IL
is possible to interpret this fact, II ap-
nears that there should be even a
stronger demand for pork products
after the war, and therefore any alarm
of hog producers as to the erect OF
peace Is unwarranted by the outlook.
In the light of these circumstances
II IS the conclusion OF the conference
that attempts TO hold the price OF hogs
TO the price OF corn may work out "a
the disadvantage of pork producers
II is the conclusion that any interpre'
,ation OF the formula should be
broad gauged policy applied over
long period It is the opinion OF the
conference that 10 substitution of the
previous plans Of stabllization the
Live Stock Subcommittee of the Agri
cultural Advisory Board, together witt
the specially invited swine representa-
tiyes. should accept the invitation o'
the Food Administration TO Join witt
the Administration and the packers II
determining the prices at which con
trolled export orders are 10 be placed
This will be regularly done The IN
f,uence OF these orders will be directed
to. the maintenance OF the common oh
ject-namely. the stabilization OF the
price Of live hogs SO as 10 secure as fal
as Il Is possible fair returns TO tht
LEASES FOR SALE