Okolona messenger. (Okolona, Miss.) 1900-current, 1918-11-21

ADItiIH l'' h f"t
Tie conclusions of the conference
Tho entire marketing situation hNS
90 changed since the september JONI
conference as 10 neressilae IN entire
alteration in the plans Of price s'no''
lizntlen. The current peace iulR ms
alarmed the holders of corn, ana there
has been price decline OF IRON ~
cents 10 80 cents per hushel The iae'
that the accumuations of low prlceu
corn in the Argentine and South ATT
ca would. upon the advent OF peace
and liberated shipping, become aVa'iil-
BILE TO the European market has Gre
ated great deal Of apprehension on
the part OF corn holders This decline
has spread fear among swine growers
that a similar reduction In the prices
of hogs would naturally follow. More
over the lower range OF corn prices
would II Incorporated In q l3-to-l ra-
ito, obviously result In continuously
falling price for live hogs. In view
of these changed conditions many
swine producers anticipated lower
prices and as a result rushed their
hogs to market In large numbers, and
this overshipment has added TO and
aggravated the decline.
The information Of the Department
or Agriculture indicates that the sup
ply of hogs has Increased about s 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 u per
cent. more than last year, during the
corresponding period. demonstrating
the>unusually heavy marketing OF the
available supply. In the face or the
excessive receipts some packers have
not maintained the price agreed last
month. On the other hand. many
of the packers have puid over the
price offered to them In an endeavor
TO maintain the agreed price. The re-
suit in any event has been n failure
to maintain the October price basis
determined upon at the September con-
ference and undertaken by the pack
ers. Another factor contributing to
the break In prices during the month
has been the Influenza epidemic; 1t
has sharply curtailed consumption Of
pork products and temporarily de-
creased the labor staff of the packers
about 25 per cent.
The exports OF l3OOoO,Ooo pounts
of pork products for October COM
pared with abort 52,000,0o0 pounds
in October q year ago, ana inc
exnort orders placeable by the FOOD
Administration for November, amount
to 17O,00O,O0O pounds as contrast
ed with the lesser exports OF
$4,000 600 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
jstration asked. The Increase in ex-
port demands appears to be amply
sufficient to take up the increase III
hog product ~, but unfayoraole mar
kat conditions existing In OCTOBER al
ford no fair index OF the aggregate
supply and demand.
IT must be evident that the enor.
rno,,s shortage in fats In the Central
Empires and neutral countries wouiu
Immediately upon peace result IN az
,itioral demands for pork products
which. on top of the heavy shipments
70 fhe Allies, would tend materially
10 increase the American exports IN
asmtch as no considerable reservoir oil
vuppiies exists outside Of the United
States. It seems probable that the
present prospective supplies would DC
Inadequate to meet this world demand
with the return to peace. So far as II
IS possible to interpret this fact, 1t APP
Denrs that there should be even 9
stronger demand for pork products
after the war, and therefore any alarm
Of hoy producers as to the effect OF
peace is unwarranted by the outlook
In the light of these circumstances
Il is the conclusion. of the conference
that attempts to hold the price Of hogs
10 tie price of corn may work out to
the disadvantage of pork producers
II is the conclusion that any interpre'
tation of the formula should be @
broad gagged policy applied over
lang period. 1t is the opinion OF tbs
conference that in substitution OF the
previous plans of stabilization tht
| Live Stock subcommittee of the Agri
cultural Advisory Board, together Will
the specially invited swine representa-
lives. should accept the invitation O
the Food Administration to join viii
the Administration and the packers II
determining the prices at which con
trolled export orders are to be placed
Tits will be regularly done. The In
hucgcc cf these orders will be directed
I'd lie na.ntenance Of the common OBJ
ieei- lanalS. The qualification Of th'
III III 81 aS "a. secure as fai
"a aIe returns 70 h'