Cleveland County herald., 1918-11-28

tion to consult representative men in of importance to special branches. of convened in Washington meeting ( Agricultural Advisory Board and the Industry to consider the situation in t
 The conference lasted for three q executive committee of the fifty pack flor pork products and with the meRlbe foreign pork purchases.
 The conclusions of the conference
 The entire marketing situation h;e so changed since the September Joint conference as 10 necessitate an entire alteration in the plans of price stabl- lization. The current peace talk has alarmed the holders of corn, and there has bee1 price decline of from 9 cents to 40 cents per bushei. The fact that the accumuiations of tow priced corn. in the Argentine and South Afr.- ca would, upon the advent of peace and liberated shipping, become availa- ble to the European market has ere ated great deal of apprehension on the part of corn halders. This decline has spread fear among swine growers that similar reduction in the prices of hogs would naturally follow. More over, the lower range of corn prices would, if incorporated in 13-to-l ra- tio, obviously result in a continuously falling price for live hogs. In view of these changed conditions many swine producers anticipated lower prices and as result rushed their hogs to market in large numbers, and this overshipment 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, while the highest unofficial esti- mate does not exceed l5 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 27 per cent more thah 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 paintained the price agreed last month On the other hand, many Of the packers have paid over the price offered to them in an .endeavor 10 maintain the agreed price. The re salt in any event has beep failure to maintain the October price basis determined upop at the September con- terence and undertaken by the pack SITS 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 abput 25 per cent.
 Tsc exports of l3o,OOo,ooo pounds of pork products for October com pared with .abost 52,O00,o00 pounds in October a year ago, and the export orders placeable by the Food Administration for November, amount fo 17oooo,oob pounds as contrast ed with the lesser exports ol ps,ooo, 900 for November, 1917. The increased demands of the allies aFf continuing, and are in themselves proof of the necessity for the large production for which the Food AdmiR fstration asked. The increase in eK nort demands appears to be amply sufficient to take up the increase Ill hog producti ,n, but unfavorabie mar bot conditions existing in October ar ford no fair index of the aggregate supply and demand.
 It must be evident that the enor mons shortage In fats in the Cehtra Emnires and neutral countries woui' immediately upon peace result Tn ao d;t,onal demands for pork product which. on top of the heavy shlpmeni! t, tbe Allies, would tend lmqaateriali, ma fo increase the American exports, ID asmnch m as no considerable feservoir Q supplies exists optside ot ene
 states It seems probable that tn present prospective supplies would D D snadoouate to meet this world deman with inc return to peace. So far as Is nossible to interpret this fact II az nears that there should be even stronger demand for pork pfoouee after inc war, and therefore any aiarr of hog producers as to the erect . peace is unwarranted by the out'ook'
 In the light of these circumstance if is the conclusion of the coh1erenc that attempts to hold the price or hoe to the price of corn may worK out the disadvantage of pork producer It is the conclusion that any interpr' t.tion of the formula should De
 broad gauged policy applied over
 long period. It is the opinion O! |, conference that in substitution or tf
 nreyious fians of stabilizatlon II five Stock Subcommittee Of the Asl
 cultural Advisory Board, together VII
 the specially invited swine represent
 lives. should accept the invita1ion
 the Food Administration to )oih WI