The Ontario Argus. (Ontario, Or.) 1???-1947, 1918-11-21


conference as to necessltate an enti
alteration In the plans Of price stat
lizatlon. The current peace talk HI
alarmed the holders of corn, and the
hrs been a price decline Of from
cents to 40 cents per bushel. The IN
that the accumulations Of low price
corn in the Argentine and South AR
ca would, upon the advent OF peso
El liberated shipping, become avalla
bic TO the European market has ere
nted great deal OF apprehension ol
the part Of corn holders. This deelln'
has spread fear among swine grower
that n similar reduction In the price'
Of hogs would naturally follow. More
over the lower range OF corn prices
would, IL Incorporated In 13-to-l ra
tlo, obviously result in q continuously
falling price for live hogs. In view
OF these changed conditions many
swine producers anticipated lower
'brlccs and as a result rushed their
hogs to market In large numbers, ana
this oyershlpment has added TO and
Aggravated the decline
The information Of the Department
OF Agriculture indicates that the sup
ply OF hogs has increased about s per
cent. white the highest unofficial esii'
mate does not exceed 10 per cent. In
crensed production over last year. On
the other hand, the arrival OF hogs
during the last three weeks In the
seven great markets has been q 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 last
month. On the other hand, many
OF the packers have paid over the
price offered 20 them IN an endeavor
20 maintain the agreed price. The re-
suit In any event has been failure
20 maintain the October price basls
determined upon at the September con-
ference nnd undertaken by the pack
err. Another M1or contributing U
the break In prices during the month
has hcci the Influenza epidemic; II
has sharply curtalled consumption OF
pork products and temporarily de-
creased the labor stan OF the packers
about ~ per cent
The exports OF l3OOOO,O0O pounds
Of pork products for October com
pared with about 52.OOO.0OO pounds
In October year ago, aud the
export orders placeable by the Food
Administration for November. amount
10 lTOOO0,OOO pounds as contrast
ed with the lesser exports OF
D.. s.OO0OO0 for November, 1917. The
increased demands OF the allies are
and are IN themselves
proof of the necessity for the large
production for which the Food Admin
istrntlon asked. The increase In ex-
port demands appears to be amply
sufficient to take up the increase In
hog product IN, but unfavorable mar
ket conditions existing In October af-
ford no fair index OF the aggregate
supply and demand.
Il must be evident that the enor-
nous shortage N fats In the Central
Empires and neutral countries would
Immediately upon peace result In ad
ditlonal demands for pork product,
which, on top OF the heavy shipments
20 the Allies. would tend MATERIAL,
60 Increase the American exports. In
asmuch as no considerable reservoir o.
supplies exists outside Of the Unite,
States. II seems probable that th'
present prospective supplies would b'
Inadequate 10 meet this world deman'
with the return To peace. SO far as |
IL possible 10 interpret this fact, II ap
pears that there should he even
stronger demand for pork product
after the war, and therefore any alar
OF hog producers AS to the effect 0
peace Is unwarranted by the outlook.
In the light Of these circumstance
A Is the conclusion Of the conferenc
that attempts 20 hold the price OF hos
TO the price of corn may work out
the disadvantage OF pork producer
IL Is the cor clusion that any interpr'
tation OF the formula should he
broad gaurrd policy applied over
long period II Is the opinion Of IN
hat In substitution OF On
previous plans OF stabilIxatIon IN
1--we stock Subcommittee OF the Ayr
cultural Advisory Board together Wit
the specially invited swine represents
fives, should accept the Invitation q
the Food Administration 10 Join wit
the Administration aud the packers !
determining the prices at which col
trolled export orders are TO be place,
This will be regularly done. The 1,
nuence OF these orders will be directe
TO the maintenance Of the common ol
tect namely, the stabiuzation Of tn
price Of live hogs NO ss 10 secure ns n
A A Is nOssible fair returns " III