Show SWIFT EXPLAINS STORED FOODS season Off-season Supply Depends on Stocks Laid Away ray Says Cl Chicago cago Packer S l n Herald nJ Special Chicago Aug 14 The Tho Tho great supplies supplies supplies sup sup- sup sup- plies of ot food no now held In storage are placed there for tar use during seasonal shortages according to Louis F. F Swift president of or Swift Co In commenting comment comment- ing In today toda upon the tho agitation In favor or of oC conCi confiscation cation of oC stocks of oC food Mr Ir Swift said Swift Co denies that the tho foodstuffs foodstuffs food tood- stuffs which It is holding In storage have been put there for tor speculative I Cold storage performs a 3 areal areal real economic service ser not generally appreciated b by the public The present pres cOt ent system has b been en evolved col b bj by I the tho public demand demand the they want ant some orne ome of oC this produce throughout all ahi the year rear That Is ItS to sa say thc they do not want ant vant to cat all their eggs in six months and then go without during the tho remainder of ot the year ear What Does Doc If It It were not for Cor cold storage orage much of ot the tho perishable hable food tood produced I during the months of oC heavy production production tion lion would be lost Jost because tho the supply would temporarily exceed the tho demand and prices would fall tall so so 10 low that production production production pro pro- would be discouraged dl Later without storage stocks to draw from Crom froma Croma a serious shortage of oC these c commodities high ties would occur with resultant prices Nobody would ben benefit from such a situation and consumers would pa pay much higher average prices Swift Co docs does not purchase and store storo goods for tor speculation but merely merel to assure our branch houses of or a suPply supply sup sUP- pI ply sufficient to lo meet the tho needs neds of or their trade throughout the year tar If stocks of oC butter e eggs s and other commodities i are arc commandeered and thrown on the tho market there Is little tittle but bUl that current prices s will willbe willbo bo be forced down temporarily but where will your OUr butler butter and eggs como come tr from roe I next winter when hen these storage stocks normally would bo ho used to bridge over th these se months of ot small mall production the public docs does not appreciate ate ale that the apparently large larGo stocks of oC meat In storage arc are not held there until prices are arc Increased but bul butare butare are Tonti really In the process of oC manu manu- facture Over O SO 80 per cent of ot the foods in cold collI stora storage e Is meats and meat products according to the government o report of the bureau of markets for Jul July 1 and 0 of these approximately approximate 74 jf per cent Is In process of oC being cured In pickle or salt Halt or is awaiting curing curin and so is not available for Cor immediate consumption even though comman Cause of or un Nineteen per fler cent Is lt razor frozen beef beet and mutton and miscellaneous products prod prod- part purt of which Is owned b by the United States government o 7 j per cent centIs Is lar lard hard a normal stock When hen analyzed in tho light ht of these facts the tho importance of theo these f apparently apparently ap ap- ap- ap tremendous stocks of ot hoarded foods begins to diminish This Is a good example of oC wh why the packing In Industry industry in- in Is Js misunderstood larg largely 1 be because because because be be- cause we cannot keep the public In Informed In In- formed on all the practical and highly technical phases es of oC our business and because man many of or th the facts published from Cronl other sources are arc presented In a sensational manner which creates unwarranted unwarranted unwarranted un un- un- un warranted prejudices |