The Canon City record with which is consolidated the Canon City cannon., 1918-11-21

The conclusions of the conference
The entire marketing situation has
no changed since the September. joint
conference as to necessitate an entire
alteration In the plans of price stabi-
3izsiion The current peace talk has
alarmed the holders of corn, and there
has been a price decline of from 70
cents to 40 cents per bushel. The fact
that the accumulations of low priced
corn in the Argentine and South Afri-
ca would, upon the advent OF peace
and liberated shipping. become avail
able TO the European market has ere
rnted a great deal of apprehension on
iihe part of corn holders. This decline
has spread fear among swine growers
that a similar reduction In the prices
or hogs would naturally follow. More
over. the lower range Of corn prices
would, IL Incorporated in l3-to-l ra-
stio, obviously result in continuously
Sailing price for live hogs. In view
of taaese changed conditions many
swine producers anticipated lower
prices and as a result rushed their
hc.s to market In large numbers, and
this overshfpment has added to and
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 IS per cent. In
creased production over last year. On
she other hand, the arrival of hogs
during the last three weeks In the
seven great markets has been p per
cent more than last year. during the
corresponding period, demonstrating
zfae unusually heavy marketing OF thu
available supply. In the face Of the
excessive receipts some packers have
not maintained the price agreed last
month. On the other hand. many
@,S the packers have paid over the
psics offered to them in nm endeavor
xa maintain the agreed price. The re-
suit In any event has been failure
70 maintain the October price basis
determined upon, at the September con-
ference and undertaken by the pack
e1z- Another factor contributing to
Yrs. break In prices during the month
Nas been the Influenza epidemic; II
Sins sharply curtailed consumption of
Ipnrk products and temporarily de-
S-rtzsea the labor staff of the packers
about 25 per cent
The exports of 10000. 900 pounds
OF pork products for October com
pared with about 52.0O0OO0 poun,.5
In October year ago. and the
export orders placeabIe by the Food
Administration for November amount
10 100000 pounds as contrast
sd with the lesser EXPORTS. of
rs 900 900 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
isiration asked The Increase In ex-
port demands appears to be amply
sufficient TO take up the Increase in
hog production. but unfavorable mar
ket conditions existing In October af-
ford no fair index of the aggregate
supply and demand.
II must be evident that the enor-
pnnns shortage In fats in the Central
Empires and neutral countries would
= immediately upon peace result in ad-
ditionai demands for pork products
which. on top Of the heavy shipments
70 the Allies, would tend materially
10 Increase the American exports, In
asnucb as no considerable reservoir OF
supplies exists outside of the United
.rnies II seems probable that the
ssstnnf prospective supplies would be
lsasrRaaie 10 meet this world demand
wflnfihe return to peace. SO far as 1t
Z Is POSSIBLE To interpret this fact. 1t ap-
,pe1rTs Inst there should be even
snssu@er demand for pork products
after the war. and therefore ANY alarm
Of hog producers as TO the enecf .
peace Is nnwarranted by the outlook
7 Iu The light OF these circumstances
II is the conclusion of the conference
Thar attempts to hold the price Of hogs
20 isre ,prire Of corn may work out to
ahs ,fttszdvantage OF pork producers.
- is the conclusion that any interpre-
nzrson of the formula should be a
broad gauged policy applied over a
long period II is the opinion of the
conference that In subsiitution OF the
lyevious plans or stabiIization the
E5re stock Subcommittee OF the Agrf-
.-xErs-si Advisory Board. together with
s,..s. specially Invited swine representa-
sr.-s, should accept the Invitation OF
stt.e Food Administration TO Join with
i.e<s Anminisrra ton and the packers In
S~1~rnaining the prices ht which con
trsaied export orders are TO be placed.
This viii be regularly done. Tie In
,su<nce Of these orders will be directed
N The maintenance Of the common OBJ