Middletown transcript., 1919-10-25

le hog market.
avs, and during this time met with the
ne firms participating In foreign orders
rs of the Food Administration directing
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 As to 81
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
part Of the Food Administration with
regard to the co-ordinated 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 q
daily minimum of $3.50 per hundred
pounds on average of packers droves,
excluding throw-outs. "Throw-outs"
to be defined as pigs under 130
pounds, stays, boars, thin sows and
skips. Further that no hogs of any
kind shall be bought, except throw
outs. at less than $16.5O per hundred
pounds. The average of packers
droves to be construed as the average
of the total sales in the market Of all
hogs for a given day. All the above
to be based on Chicago.
We agree that a committee shall be
appointed by the Food Administration
to check the daily operations In the
various markets with view to super
vision and demonstration of the carry
ing out of the above.
The ability Of the packers to carry
o0S IAIAo AoA6VlACAI WALL OSRCuO VAA
there being a normal marketing Of
hogs based upon the proportionate I'M
crease over the receipts Of last year.
The increase in production appears 20;
be maximum Of about is per cent!
and we can handle such an increase.
II 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-
ton of the producer himself to main
tain these results. It is a physical
impossibility for the capacity Of the
packing houses to handle q similar
over-fiood Of hogs and to find a market
for the output The packers are anx-
lous to cooperate with the producers
in maintaining a stabilization Of price
and to see that producers receive q
fair price for their products.
(Signed) THOS. f. WILSON,
Chairman Packers Committee.
The plan embodied above was adopt
ed by the conference.
The Food Administrator has appoint
ed committee, comprising Mr.. Thom-
as e. Wilson, chairman of the Pack
ers' Committee; Mr.. Everett Brown,
president Of the Chicago Livestock Ex-
change; Major Roy Of the Food Ad-,
ministration, Mr. Louis D. Hall Of the
Bureau of Markets, to undertake the
supervision of the execution Of the
plan in the various markets. Commits.
sion men are asked to cooperate in,
carrying out the plan embodied in the
packers agreement. 1t must be EVIL
dent that offers by commission men to
sell hogs below the minimum estab-
producer or the participating packers.
Mr.. Brown has undertaken on behalf
Of the commission men In the United
States that they will Loyalty support
the plan.
It is believed by the conference that
this new plan, based as it is upon a
positive minimum basis, will bring bet
ter results to the producer than aver,
age prices for the month. It does not
limit top prices and should narrow
the margins necessary to country buy
ers in more variable markets. It is
believed that the plan should work out
close to $18 average.
Swine producers Of the country will
to their own interest by
not flooding the market, for 1t must be
evident that If an excessive over per-
centage Of hogs Is marketed in any
one month price sterilization and con-
troll cannot succeed, and 1t is certain
that producers themselves can contri-
butte materially to the efforts Of the
If they will do their mark
citing in as normal way as possible.
The whole situation as existing at
present demands a frank and explicit
assurance from tho c0nferees repre-
that every possible
effort will be made to maintain q live
hog price commensurate with swine
costs and reasonable SELL
Ing values in execution Of the declar-
ed policy Of the Food Administration
to use every agency in its control to
secure justice to the farmer.
The staB:1ization methods adopted
for November represent the. best ef-
forts of the conference, concurred in