The Press., 1918-11-14

were 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 be'ween this body and the Packers Committee, representing the 45 to 50 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 CTS:
 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 minimums for the month of November, that Is 8 daily minimum of $17.5O per hundred pounds on average of packers dFOves. 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.5O 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 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 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 1t Is en- tirely beyond the ability of the pack CTS to maintain these minlmums, and therefore we must have the co-Opera- ton of the producer himself to main tain these results. It Is a physical impossibillty for the capacity of the packing houses to handle a similar Over-noOd of hogs and to find a market for the output. The packers are anx- ious to cooperate with the producers In maintaining a stabllizatiOn of price and to see that producers receive a fair price for their products.
 (Slgned) THOS. k. WILSON, Chairman Packers Committee.
 The plan embodied above was adopt ed by the conference.
 The Food Administrator has appoint ed committee, comprising Mir. Thomas E. Wilson. chairman of the Pack CTS Committee; Mir Everett Brown, president of the Chicago Livestock Ex- change; Major Roy of the Food Ad- mlnlstration, Mir. 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 ln the packers agreement. It must be evil dent that offers by commission men to sell hogs below the minimum estab- lished 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 1t Is upon a 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. It Is believed that the plan should work out close to SIS average.
 Swine producers of the country will contribute to their own interest by not flooding the market, for 1t must be evident that if an excessive over per centage of hogs Is marketed in any one month price stabilization and con- trol cannot succeed. and 1t Is certain that producers themselves can contri- bute materially to the efforts of the conferences If they will do their mark eting in as normal a way as possible. The whole situation aB existing at present demands a frank and explicit assurance from the conferees repre- sented-namely, that every possible effort will be made to maintain a live hog price commensurate with swine
 
 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 stabiliEatIon methods adopted for November represent the best ef- forts of the conference, cOneurred ln by the Food Administration and ths