The Era-leader., 1918-11-21

were as follows: :
producer and the insurance Of an ade-
quate future supply. |
These foreign orders are placed
upon the basis of cost Of hogs to the
packers.
As the result of long negotiations
between this body and the Packers
Committee, representing the 45 to 5o
packers participating in foreign or
ders. together with the Allied buyers,
all under the Craftsmanship Of the
Food Administration, the following un-
dertaking has been given by the pack
ers:
In view of the undertakings on the
Rart Of the Food Administration with
:egard to the co-ordnated purchases
Of pork products, covered in the at
tached, 1t Is agreed that the packers
participating in these orders will un-
dertake not to purchase hogs for less
than the following agreed minimums
for the month of November, that is a
daily minimum of $17.50 per hundred
pounds on average Of packers droves,
excluding throw-outs. "Throw-outs"
to be defined as pigs under 1870
pounds, stays, boars, thin sows and
skips. Further, that no hogs of any
kind shall be bought, except throw
outs, at less than $1e50 per hundred
pounds. The average Of packers
droves to be construed rs the average
Of the total sales in the market of all
hogs for given day.. All the above
to be based on Chicago.
We agree that committee shall be
appointed by the Food Administration
to check the daily operations in the
various markets with a view to super
vision and demonstration Of the carry
ing out of the above.
The ability of the packers to carry
out this arrangement will depend on
there being q normal marketing of
hogs based upon the proportionate in-
crease over the receipts Of last year.
The increase in production appears to
be a maximum of about Is per cent,
and we can handle such an increase.
| If the producers Of hogs should, as
they have in the past few weeks, pre-
maturely market hogs In such increas.
ing numbers over the above 1t Is en-.
tirely beyond the ability of the pack.
ers to maintain these minimums, and
therefore we must have the co-opera.
tion of tie producer himself to main
tain these results. 1t is q physical
impossibility for the capacity Of the
packing houses to handle similar
over-flood of hogs and to find market
for the output The packers are anx
lous to cooperate with the producers
In maintaining a stabilizatlon of price
and to see that producers receive fal,
, price for their products.
(Signed) THOS. e. WILSON,
Chairman Packers Committee.
: The plan embodied above was adopt
ed by the conference.
The Food Administrator has appoint
ed committee, comprising Mr.. Thomas
e. Wilson, chairman Of the Pack
ers' Committee; Mr.. Everett Brown
president Of the Chicago Livestock Ex
: change; Major Roy of the Food Ad
7 ministratlon, Mr.. Louis D. Hall Of thu
Bureau of Markets, to undertake thu
supervision Of the execution of thu
plan in the various markets. Commits
e sion men are asked to cooperate II
carrying out the plan embodied in th'
: packers agreement. 1t must be evl
| dent that offers by commission men Il
4 sell hogs below the minimum estab
: lished above is not fair, either to tn
8 producer or the participating packers
s Mr.. Brown has undertaken on behal
y of the commission men In the Unite'
l. States that they will loyalty supper
4 the plan.
d 1t is believed by the conference tha
g this new plan, based as 1t is upon
e positive minimum basis, will bring bel
d ter results to the producer than avel
It age prices for the month. 1t does NO
; limit top prices and should narroy
a the margins necessary to country buy
Is ers in more variable markets. 1t
n believed that the plan should work ou
II close to $18 average.
Swine producers Of the country wi
IS contribute to their own interest
e not flooding the market, for 1t must b
IS evident that II an excessive over pei
% centage of hogs Is marketed In an
8. one month price stabilization and col
E. troll cannot succeed, and 1t Is certai
q that producers themselves can contr
q butte materially to the efforts of th
q conferences If they will DO their MARI
e citing in as normal way as possible.
q The whole situation as existing q
l. present demands frank and expllcl
h assurance from the conferees repre-
l. sented-namely that every possibl
f effort will be made to maintain a liv
b hog price commensurate with swim
n production costs and reasonable sell
l. ing values In execution Of the declare
|. policy of the FOOD Administratio
l. to use every agency In Its control I
d secure justice to the farmer.
}. The stabilization methods adopte
e for November represent the best