OCR Text |
Show SOUTH CACHE COURIER, HYRUM, UTAH Che margins necessary to country buyers In more variable markets. It Is believed that the plan should work out STEADIES HOS MARKETS PLANNED Hog Producers and Packers Confer With Representatives of the Food Administration and Agricultural Department and Adopt New Plan of Regulation. Your Own Business If you will save a part of your earnings and start an account with us, we will pay you interest. It wont be long then until you can have your own business. If you ever expect to be a leader in affairs you must practice frugality and foresight now. In accordance with the policy of the Food Administration since its founda-itlo- n to consult representative men In the agricultural Industry on occasions iof Importance to special branches of the Industry, on October 24 there was convened In Washington a meeting of the Live Stock Subcommittee of the Agricultural Advisory Board and the special members representing the swine Industry to consider the situation In the hog market. The conference lasted for three days, and during this time met with the executive committee of the fifty packing firms participating In foreign orders for pork products and with the members of the Food Administration directing foreign pork purchases. The conclusions of the conference were as follows J The entire marketing situation na so changed since the September joint conference as to necessitate an entire alteration in the plans of price stabilization. The current peace talk has alarmed the holders of corn, and there has been a price decline of from 25 cents to 40 cents per bushel. The fact that the accumulations of low priced corn in the Argentine and South Africa would, upon the advent of peace and liberated shipping, become available to the European market has created a great deal of apprehension on the part of corn holders. This decline has spread fear among swine growers that a similar reduction In the prices of hogs would naturally follow. Moreover, the lower range of corn prices rawould, if incorporated in a tio, obviously result In a continuously falling price for live bogs. ' In view of 'these changed conditions many swine producers anticipated lower prices and as a 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 supply of hogs has Increased about 8 per cent., while the highest unofficial estimate does not exceed 15 per cent, increased 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 than last year, during the demonstrating corresponding the unusually heavy marketing of the available supply. In the face of the excessive receipts some packers have not maintained the price agreed last On the other hand, many month. of the packers have paid over the price offered to thewi in an endeavor to maintain the agreed price. The result in any event has been a failure to maintain the October price basis determined upon at th.e September conference and undertaken by the packers. Another factor contributing to the break in prices during the month has been the Influenza epidemic; It has sharply curtailed consumption of depork products and temporarily the of staff packers creased the labor about 25 per cent. The exports of 130,000,000 pounds of pork products for October compared with about 52,000,000 pounds in October a year ago, and the export orders placeable by the Food Administration for November, amount to 170,000,000 pounds as 'contrastof with the lesser exports ed The 1917. November, for 98,000,000 Increased demands of the allies are continuing, and are In themselves large proof of the necessity for theAdminproduction for which the Food in existration asked. The Increase port demands appears to be amply sufficient to take up the Increase In unfavorable marhog productljn, but in October afexisting ket conditions ford no fair Index of the aggregate supply and demand. It must be evident that the enormous shortage In fats In the Central would Empires and neutral countries In adresult peace upon immediately ditional demands for pork products which, on top of the heavy shipments to the Allies, would tend materially Into Increase the American exports, of reservoir asmuch as no considerable United of the outside exists supplies States. It seems probable that the be present prospective supplies would demand world meet this to Inadequate with the return to peace. So far as it Is possible to interpret this fact, it apeven a pears that there should be for demand products pork stronger after the war, and therefore any alarm of hog producers as to the effect of peace Is unwarranted by the outlook. In the light of these circumstance It 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. It is the conclusion that any Interpretation of the formula should be a broad gauged policy applied over a long period. It Is the opinion of the conference that In substitution of the 13-to- -l HYRUM STATE BANK Coal is $80 a Ton in Your Boys Village This Winter pERHAPS he is billeted in a barn, or even a hen-coo- p. is snow on the ground, and the mud freezes hard to his boots. In all the village there is just one place There where he can dry and warm his hut. You are thinking about your own coal problem here at But what would you do if there were only one place in town where you could find a fire? Thats your home. boys fuel problem for the coming months. Are you going to keep the hutfires burning? An amount equal to 4 per cent of your Fourth Liberty Loan purchases is your share of responsibility in the United War Work Fund campaign. Lets raise Utahs quota bythe night of November 12. Go to the War Work Committee in your town. Dont wait to be asked. UNITED WAR WORK CAMPAIGN SUBSCRIBE FOR .The South Cache Courier previous plans of stabilization the Live Block Subcommittee of the Agricultural Advisory Board, together with the specially invited swine representatives. should accept the invitation of the Food Administration to Join with the Administration and the packers in dete. mining the prices at which controlled export orders arc to be placed. This will be regularly done. The Influence of these orders will be directed to the maintenance of the commofl object namely, the stabilization of the price of live hogs so as to secure as far as it Is possible fair returns to the producer and the insurance of an adequate 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 50 packers participating in foreign 'orders, together with the Allied buyers,' all under the Chairmanship of the Food Adminisl ration, the following undertaking has been given by the packers : In view of the undertakings on the part of the Food Administration with regard to the purchases of pork products, covered. In the attached, it Is agreed that the packers participating in these orders will undertake not to purchase hogs for less than the following agreed ruinimums for the month of November, that is a daily minimum of $17.50 per hundred pounds on average of packers droves,' 'Hi excluding throw-outs- . to he defined as pigs under 130 pounds, stags, boars, thin sows and skips. Further that no hogs of any kind shali he bought, except throw-outat less than $10.50 per hundred The' average of packers pounds. droves to he construed as the average of the total sales in the market of all hogs for a given day. All the- above to he 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 a view to supervision and demonstration of the carrying out of the above. The ability of the packers to carry out this arrangement will depend on there being a normal marketing of hogs based upon the proportionate increase oyer the receipts of last year. The increase in production appears to be a maximum of about 15 per cent, and we can handle such an Increase. If the producers of hogs should, as they have in the past few weeks, prematurely market hogs In such increasing numbers over the above it is entirely beyond the ability of the packers to maintain these minimums, and therefore we must have the of the producer himself to maintain these results. It Is a physical impossibility for the capacity of the packing houses to handle a similar of hogs and to find a market for the output. The packers are anxious to with the producers In maintaining a stabilization of price and to see that producers receive a fair price for their products. (Signed) THOS. E. WILSON, Chairman Packers Committee. The plan embodied above was adopted by the conference. The Food Administrator has appointed a committee, comprising Mr, Thomas E. Wilson, chairman of the Packers Committee; Mr. Everett Brown, president of the Chicago Livestock Exchange; Major Boy of the Food Administration, Mr. Louis D. Hall of the Bureau of Markets, to undertake the supervision of the execution of the plan In the various markets. Commisin sion men are asked to In embodied the out the plan carrying packers agreement. It must be offers by commission men to sell hogs below the minimum established above is not fair, either to the producer or the participating packers. Mr. Brown has undertaken bn behalf ef the commission men in the United States that they will loyally support the plan. It Is believed by the conference that this new plan, based as it Is upon a positive minimum basis, will bring better results to the producer than average prices for the month. It does not limit top prices iU'1 should narrow row-out- s" s, - - ovtr-floo- d at close to $18 average. Swine producers of the country will contribute to their own Interest by not flooding the market, for It must be evident that if an excessive over percentage of hogs Is marketed in any one month price stabilisation and control cannot succeed, and It is certain that producers themselves can contribute materially to the efforts of the conferences If they will do their marketing In as normal a way as possible. The whole situation as existing at present demands a frank and explicit assurance from the conferees represented namely, that every possible effort will be made to maintain a live hog price commensurate with swine production costs and reasonable selling values In execution of the declared policy of the Food Administration to use every agency In Its control to Secure Justice to the farmer. The stabilization methods adopted for November represent the best efforts of the conference, concurred in by the Food Administration and the Livestock Subcommittee of the Agricultural Advisory Board, together with special swine members and the representatives of the packers, to Improve the present unsatisfactory situation, which has unfortunately resulted because of the Injection of uncontrollable factors. We ask the producer to with us in a most difficult task. The members of the Conference were : Producers H. C. Stuart, Elk Gar den, Va., Chairman Agricultural Ad visory Board; W. M. McFadden, Chi cago, 111. ; A. Sykes, Ida Grove, la. John M. Evvard, Ames, la. ; J. H. IVfer cer, Live Stock Commission for Kan sas ; J. G. Brown, Monon, Ind. ; E. C Brown, President Chicago Livestock Exchange; N. H. Gentry, Sedalla, Mo. John Grattan, Broomfield, Colo.; Eu gene Funk, Bloomington, 111. ; Isaac Lincoln, Aberdeen, S. D. ; C. W. Hunt Logan, la.; C. E. Yancey, W. It. Dod te f t son. Food Administration Herbert Hoo ver, F. S. Snyder, Major E. L. Roy, G H. Powell. Department of Agriculture Louis D. Hall, F. R. Marshall. The packers present and others sharing In foreign orders were represented by the elected packers committee. Those represented were : . Packers Armour & Co., Chicago, 111. ; Cudahy Packing Co., Chicago, 111. ; Morris & Co., Chicago, 111. ; Swift & Co., Chicago, 111. ; Wilson & Co., Chicago, 111. ; John Agar Co., Chicago, 111. ; Armstrong Packing Co., Dallas, Tex. ; Boyd Dunham & Co., Chicago, 111. ; Brennan Packing Co., Chicago, 111. ; Cincinnati Abattoir Co., Cincinnati, O. ; Cleveland Provisions Co., Cleveland, O.; .Cudahy Bros. Co., Cudahy, Wis. ; J. Dold Packing Co., Buffalo, N. Y. ; Dunlevy Packing Co., Pittsburg. Pa. ; J. E. Decker & Sons, Mason City, la. ; Evansville Packing Co., Evansville, Ind. ; East Side Packing Co., East St. Louis, 111. ; Hammond Standish & Co!, Detroit, Mich. ; G. A. Hormel & Co., Austin, Minn. ; Home Packing & Ice Co., Terre Haute, Ind. ; Independent Packing Co., Chicago, 111. ; Indianapolis Abattoir Co., Indianapolis, Ind.; International Provision Co., Brooklyn, N. Y. ; Interstate Packing Co., Winona, Minn.; Iowa Packing Co., Des Moines. Ia. ; Powers Begg Co., Jacksonville, 111. ; Kingan & Co., Indianapolis, Ind. ; Krey Packing Co., St. Louis, Mo. ; Lake Erie Provision Co., Cleveland, O. ; Lay-to- n Co., Milwaukee, Wis. ; Oscar Mayer & Bro., Sedgwick and Beethoven streets, Chicago, 111.; J. T. McMillan Co.; St. Paul, Minn.; Miller & Hart, Chicago, 111. ; J. Morrell & Co., Ottumwa, Ia. ; Nuckolls Packing Co., Pueblo, Colo. ; Ogden Packing and Provision Co., Ogden, Utah ; Ohio Provision Co., Cleveland, O. ; Parker Webb & Co., Detroit, Mich. ; Pittsburg Packing and Provision Co., Pittsburg, Pa. ; Rath Packing Co., Waterloo, Ia.; Roberts & Oake, Chicago, 111. ; Rohe & Bros., New York City; W. C. Routh & Co., Logans-port- , Ind. ; St. Louis Ind. Packing Co., St. Louis, Mo.; Sinclair & Co., T. M. Cedar Rapids, Ia. ; Sullivan & Co., DeProvision troit, Mich. ; Theurer-NortoCo., Cleveland, O. ; Wilson Provision Co., Peoria, 111. ; Western Packing and Provision Co., Chicago, 111. ; Charles Wolff Packing Co., Topeka, Kan. n We Want Sales Representatives in Every Town in Utah---W- e prefer men who have sold stock, insurance, real estate, books, or who have had no sales experience, but would like to develop into salesmen. We train every applicant accepted and provide a system that will enable anyone who works to make from $75.00 to $150.00 per week. Can also use women of exceptional Position permanent. In ability. state applying age, past business experience, number of years you have lived in community, and references. Address in confidence. KANE MFG. CO., 1626-2h. C. Smith Bldg., Seattle, Wash. Adv. 7 1 mss- ' Ip |