AGRICULTURAL RELIEF Corn 683 Production_._ Exports, 1924 Exports, 1925 Exports, 1926____________________ Exports. July to November 1927 2 Bushels N00, 000, 000 23, 000, 000 5, 000, 000 J, 819, 000 3.179. 000 Prices of corn [Chicago prices by Department of Labor, and Buenos Aires prices by Department of Agriculture] Yaenr Chicago price Buenos Aires rice Txpor LE. Ny Tew Ocean freight Total FE quali zation fee Net profit per bushel Total profit on 0 on QO - 0 ¥ « Q Rr © v a € Le] QO ~ << ~ oo ~ oO 024, oc imnannn nn B25... ssn me a 1926_ __ o_o 927 972 38 9 “31 il. 1014 2114 941g, ai 0.001, 30.129 . 0003 1742 .0017 . 1818 [OQ] (2) $387, 000, 000 522, 627, 500 430, 861, 000 (3) 1 3 -— oO oN oo 1 January-November, 1927 3 Not vet available 0 oOo If the bill had been in force in 1924 the corn grower would have received the Argentine price of 83 cents, plus the tariff of 15 cents, plus the export tax, which was 1.54 cents in February, 1926, 1.03 cents in March, and 0.46 cent in April, or say 1 cent, and the ocean freight to Baltimore or New York, say 1114 cents, the rate March last, or a total of $1.1014, instead of the Chicago price of 97.2 eents, a gain of approximately 13 cents per bushel, minus the equalization fee to cover the discount of 13 cents on 23,000,000 bushels to be distributed over a total production of 3,000,000,000, assuming that the total production had been marketed. If so, an equalization fee of $0.001 per bushel, a net gain of $0.129 per bushel, or a total profit of $387,000,000. If the bill had been in force in 1925 the corn grower would have received the Argentine price of 94 cents, plus the tariff of 15 cents, plus the export tax of 1 eent, and the oecan freight of 1114 cents, or a total of $1.2114, instead of the Chicago price of $1.038 (see ratio table furnished by Department of Labor), a gain of 17.45 cents per bushel, minus the equalization fee of 17.45 cents on 5,000,000 bushels to be distributed over a total production of 3,000,000,000, assuming that the total production had been marketed, or an equalization fee of $0.0003 per bushel, a net gain of $0.1742, a total profit of $522,627,500. If the bill had been in force in 1926 the corn grower would have received the Buenos Aires price of 67 cents, plus the tariff of 15 cents, plus the export tax of 1 cent, and the ocean freight of 1114 cents, or a total of $0.9414, instead of the average Chicago price of 75.9 cents, a gain of 18.35 cents per bushel, minus the equalization fee to cover the discount of 18.35 cents on 24,783,000 bushels, to be distributed over a total production of 2,645,000,000 bushels, assuming that the total production had been marketed, or an equalization fee of $0.0017 per bushel, a net gain of $0.1818, or a total profit of $480,861,000. i Inasmuch as the exports of corn for the year 1927 are not yet available, the full data as to the equalization fee and total profit can not be worked out at the present time. Beef slaughtered —- 26 32 Production Zxports_. _. ‘mports._.. Nel exports. . 35%, 000, 00 38, 000, 000 41, 000, 000 146, 000, OW 39, 000, 000 7, 000, 000 -065, 000, 000 10, 000, 000 21, 000, 000 19. 000. 000 13 Wot available i ¢ 8 8 ” aD o o ~— + 3 = a Le - -— © -— Pe J 0 — QQ ~N 0 « Ve] [+9] J oN @ oN QO il — q -— sa] .