| Show EXPLAINS WHY HOGS SLUMPED Flooded Market Caused By False Alarms Brown Avers In CHICAGO Oct 2 26 An An In- In Increased In creased of ot approximately 36 35 3 per cent In hogs o 0 over er the tir corre- corre corre period of o last year ear Is 1 the causo of the tho decline In ho hog hog- alu l erett E C Bro Brown Uron n president of the Chicago Livestock exchange said aid Wednesday eda In an to Secre- Secre Secretary tar tary of ot Agriculture Ag Wall ics ic's state state- state mont nent recently that an Investigation be b made m d to determine If K the slump In prices was liS as the th result re of undue Influences Secretary Wallac allace V allace states tates that during the th last month hon hog alues base ha declined more mor than 1 i 10 50 per while the tho th price pric of corn Increased 27 fl cents a bushel Mr Brown n said Based Bas d on supplY figures compiled complied by the department of agriculture nearly three million during that hogs bogs elo eIO marketed period Indicating Indicating- g a loss lose to pro pro- producers producer pro producers ducer by depreciation In alue yalu of about 3 3 a head based on an aver Il ago ag eight w eight of pounds or an aggregate sum between and Tir The secretary announces that the department Is milking making an In- In Investigation Investigation In to determine If r th the slump In prices Is II the th result of undue Influences As supply during that during that period was as ap 36 35 Iper per cent greater than during during- the tho corresponding period of ot last year this must he be b recognized as s the th dea de- depreciation d ance predation factor of o major Import Import- Importance importance ance VELD FALSE FALSI Rl ALo I In SIn my opinion based on reliable Information the tho slump Is directly attributable to a a false fals alarm ot of dol- dol dol dollar OaT lar corn and the fie fh e cent hogs hoes I T amot am amI ot talking cheap corn because I II Ido I I do not belle belief bellee e conditions warrant such lIuch uch prophecy but this thie will not be bea b II a dollar r crop wan Much Of It Will wilt grade trad low owing to high hlf-h moisture content and much will be b subject n 2 P mould and rot unless fed These Thes badly Informed farmer advisers adviser are ar responsible for a a semi panicky feeling In corn belt lt agricultural circles Some Bom of them I have hav been b en Informed are acting In ln official capacity which merely aggravates ag the th situation as ae asit asIt It gh rives gies es their opinion among producers It would not enjo enjoy They Thy have hav sue sue- succeeded sue In stampeding stampeding- the tho country Into throwing young hogs hogl hog 0 oer- oer over overboard er- er board boud at an Inopportune and critical critical critical cal moment flooding every vry Ih lie lie- e- e estock stock market In th the country count countr aith stock IStock of the th kind killers cannot utilize ad and creating a temporary e supply that will be b reflected In sc scarcity and h high prices a few months hence PRIor PRICE DOWN We have hae heard a lot of glib g talk about orderly marketing of 11 estock and yet et the tho element that has made such talk Its ith stock In trade Is responsible for the th ro r erse condition disorder They hae ha hay within the th past 30 da daIs s stalked talked the hog hoc market do down don n 2 per hundreds hundred eight and the cattle market Into a a condition What the tho corn belt farmer 01 ot At t least that element which listens to 10 these then counterfeit oracles needs nt s relief relict from a 9 coterie of ad Ill ad Most of them them are ar Ignorant Ig of marketing fundamentals and tall talk in parrot ishlon f-ishlon They hl hae 0 thron n a scarce scarce Into Ih livestock estock feed feed- feeders feeders feeders ers that has coSt cost them them an enormous sun eum In the tb aggregate und and will be resented hen ahen the tho th situation devel- devel ps ps EUROPE EUROPI STILT STILL BUYING Before Betor long lone a run ot of o new corn ill start permitting readjustment and then an opportunity to realize status of 11 livestock estock wll be b of- of offered offered of offered There Is I no logic log to the present situation at the I estock market Meat consumption Is enormous normous stocks are ar low and Euro Euro- Europea Europea pea Euro pea demand for hog hoc products un- un unprecedented un unprecedented There i Is danger dancer that these men Ill ili creto a PS I condi- condi condition eo t tion In the country that ma pro pro- pro long prolong this senseless sacrifice of mi- mi Immature matur mature 11 livestock of all kinds hinds The time for orderly marketing Is right now and the most effective e method of accomplishment lies In creating creating assurance assurance that corn will not be stored In fire tire and burglar proof safes ates or that cattle catti and hogs hors can can- cannot can cannot not lot be b profitably fed to a reason reason- p P stage of ma maturity t |
