The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1918-12-13

In accordance with the policy Of thu
ten to consult representative men In
q importance to special branches OF
convened In Washington . meeting OF
Agricultural Advisory Board and the .
industry. 70 consider. the situation n tn
The conference lasteZ Tor three d.
executive committee OF the fifty packil
for pork products and with the nembe'
foreign pork purchases.
The conclusions Of the conference
The entire marketing situation mas
10 changed since the September Joint
conference az to necessitate an entire
alteration in the plans OF price stao'-
iization. The current peace talk mas
alarmed the holders OF corn. n mere
has been a price decline OF from 70
cents 70 40 cents per bushel. The lac'
that the uccumulattons Of low priced
corn in the Argentine and South A1F'-
ca would, upon the advent OF peace
and liberated shipping, become ava'ia-
bic to the European market has Gre
sted a great deal Of apprehension on
the part Of corn holders. This deciine
has spread fear among swine growers
TINT q si,nilar reduction In the prices
Of hogs would naturally follow. More
over. the lower range of corn prices
would, il incorporated In a 13-to-l ra-
tic. obviously result in q continuous!
falling price for live hogs. ID vie"
OF these changed conditions macy
swine producers anticipated lower
prices and as a result rushed their
hogs TO market In large ana
this overshipment has added to ana
aggravated the decline.
The information OF the Department
of Agriculture indicates hat the sup
DIV of hogs has increased about 3 per
cent. while the highest unofficial esti-
maize does not exceed ID per cent. IN
creased production over last year. Oh
the other hand, the arrival or hogs
during tl,e last three weeks IN the
seven great markets has been - per
cent. more than last year. during the
corresponding period, demonstrating
the unusually hca"y marketing OF the
available supply. In The race or the
excessive receipts soIac packers nave
-. H., ngi1p nsrrRQ1 IAEI
month. On the ether hand, man
of the packers have paid over the
price offered to them in, an endeavo'
10 main;nin the agreed price. The re
suit In any event has been q ia'iurt
10 maintain the October price basis
determined upon al the September con
ference and undertaken by the pack
ers. Another factor contributing tt
the break in prices during the month
has been the influenza epidemic: Il
has sharply curtailed consumption Of
pork products and temporarily de
creased the labor staff of the packer:
about 25 per cent.
The exports Of 13O,OO0,OO0 pound:
of pork products for October coin
nared with about 100000 pounds
in October q year ago. ana uit
export orders %placcable by the foot
Adminjstration for November, amount
IN 10000. 600 pounds as CONTRAST
ed with the lesser exports %
| p0 ONONG for NoveI-Iber, 1917. Ihe
,nc,en Sod demands of the allies are
continuing. End are In themselves
p,cof Of The necessity for The large
%rro:r-,ion for which the God ADMIN
list, alton asked. The increase In ex
mort demands appears to be amp!
rnf,cient to tak" up the increase IL
hog product III, but mar
ket conditions existing in OCTOBER ~
ford no fair index Of the aggregate
supply and demand.
II mnst be evident that the enor
NOUS shortage In fats in the Cehtra
Fmpires and neutral countries u
tmune,ljately upon pracc result N Il"
litiorol demands for pork pf"tuct
which, on top Of the heavy shii'heii.
to the Allies, would tend matefiai'.
n increase the American exports, In
asmuch as no considerable reservoir o
supplies exists outside OF the Uhites
States. 1t seems probable that Tn
present prospective supplies wouid o.
Inadequate to meet this world denian'
with the return to peace. So far as !
r. nossible to interpret this fact, 1t ap
pears that there should be even I
stronger demand for pork product
after the war, and therefore any alarm
Of hog producers as to the effect o
peace is unwarranted by the outlook
In the light Of these circumstances
II ia the conclusion Of the conference
that attempts to hold the price OF hog'
To the price Of corn may work out Il
h disadvantage Of pork producers
II is the conclusion that any interpre
tation Of the formula should De
6road gagged policy applied over
foisf period. 1t is the opinion OF TN
conference that in substitution OF th'
previous plans Of sterilization tn
live Stock subcommittee. of h Agri
- Ia;or, Poo ri torpthpr witt