Putnam patriot., 1918-11-15

Tue conference lasted for three q executive committee of the ffty pack
 for poak products and with the membe foreign pork purchases.
 TYse conclusions of the conference
 The entire marketing situation ha. so charged since the September point canfar..f4re as to necesSltate aH entire alteration in the plans of price S'aht- aza4Ieal The current peace taik has aIaulssS the holders Of corn. ana there has t,s4a a pslee decline ot from = ,.enfs Ia la cer4 per bHshel. The farf fhat ttFe ueenmalatlons Of low priced corn n ttse Argentine and s.Iih Afri= ca Ne.Isl. apon ihe advent of peace ahd ifseHtea shipping. become aNatia- tte to rlic European market las ere sIed s5,..a1 doal of apprehension Oil the f,af4 e6 coru holders. This deciiut has spre,,d fear among swine growers ffa1 II .nnifar reduction In the prices nf hogs e4auid naturally follow More over. fl4e lower range of corn prices would. if Incorporated in l3-to-i ra- tio. a,,. leusfy result In continuously failing price for live hogs lB view of these cnanged conditions many swIne producers anticipated lower prices afsd ae g result rushed their hogs to fstarEet H large numbers. and thls oYer%hipnent has added 10 and aggravated tbe decline.
 The information of the Department Of Agriculture indicates that the sup Div of hogs Aas increased about per cent, while fhe highest unofficial esti- mate does nOt exceed 15 per cent. in- creased production Ovtsr Iast year On the other hand. tbe ss1risal Of hogs during ihe lasa three 0seehs in the seven great markets hat been - per cent. more thnn iast xeaf. during the corresponding period. demonstrating the unusually heavy marketing of the available supply ia tbe fac" af the excessfte receipts sotHe packers haYe no1 maintained the price A-fezd last moprh on the other band, 1nan8 of lhe packers have laid ofes the price offered to them in Al endeA2ar to maintain the agreed price. Ih% fe- ,alll in any event has been faiiafe to maintain the October price basis upon al the September con. te,4,uee and undertaken bs the pack CTS. Another factor contributing to tlae bseak in prices during the month has hea the influenza epidemic; il tas shaYfsy curtailed consumption of pork products and temporarily de creased the i4 hor staf of the packers about 25 ter eEpt.
 The el ,sarls of I3o0O0ooe pounds of pork products for October com pared with about 52ooo,o0 pounds in October a year ago, and the export orders placcabi@ by the foed Administration for November. amount to l7o.Wpa. .0o0 pounds ns contrast cd with the lesser exports or 9s pD0 GOO for November, l9l7. 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 tstrYiinn asked The increase In eX- port demands appears to he amply sufficient to t&Fo up the increase tn hog pfaluea W but Nnf@orahie mar ket conditions r7 Jing in oeteher af- f1rd no fai ssttN of the asefesaie supply and do gtl
 h must he rsaieHl tlai the ener p1o,s shortage U GtS fH iEc t"utr@ Il4pJrcs aud Eeuyat yo#ir'es Nea s' Immediately HHH Hea ' result m ad- dHianm delua@as fas pork product which. tL top tt thc ht1VY shipments fo the Altics. uouhl end materially to Increase th, Am u,an exports tp asnueh as no cons ti, !. .ie reservoir ni supplies exists e8;.l3 af the United States II see, $ M a,hle that the present praspceiise apples would be inadcouate le mce this world demand with the return to peace. So far as II Is possible to interpret this fact. II ap- pears that here should be even stronger demand for pork products after the war, and therefore any alarm of hog producers as to the effect of pence Is unwarranted by the outlook.
 In the light of these circumstances ii Is the conclusion of the conference that attempts to hold the price of hogs to the price of corn may work out to the disadvantage of pork producers. Ii Is the conclusion that any nterpre- tation of the formula should be a broad gauged policy applied over a long period II k the opinion of the conference that In substitution of the previous plans of stahilization the live Stock Subcommittee of the Agri- cultural Advisory Board, together with the specially invited swine representa- tives. should accept the invitation of the Food Administration to join with the Administration and the packers in determining the prices at which con. trolled export orders are to be placed. This will te regularly done The in tlntnce of these orders win he directed to the maintenance of the common ob- feet uamelN 'he qualification of the price of live hogs Se as to secure as Gar as it k no>Sihle fair returns to the
 Dr I R Kent has been confined