684 AGRICULTURAL RELIEF
Prices -on English beef sides, average top price, London; and on choice western
dressed at New York
[From Department of Agriculture)

0M vm

L925... om orm imis

OT mmm mi om mem in HR
[anuary-November, 1927...

New
York

"0
“1
J
78

London | Tariff

30.1794
"37

71

720

$0. 05
.03
03
S03

Trans-
porta-
tion

$0. 015
.015
L015

f.qual-
zation
{fee

30. 00010
. 00014

Net
profit
per
pound

$0. 0400
. 0465

Total profit

$284, 658, 408
332, 078, 400

If the bill had been in operation in 1924 the producer would have received the
London price of $0.1794 plus the tariff of $0.03 and the transportation charges of
approximately $0.015, or a total of $0.2244, instead of the New York price of
$0.184, a gain of $0.0404, minus the equalization fee, on 19,000,000 pounds, te
be distributed over the total production, which would be but a small fraction
of a cent, or $0.0001. That is, the producer would have received a profit of ap-
proximately $0.04 a pound, or a total profit of approximately $284,658,400.

If the bill had been in operation in 1925 the producer would have received the
London price of $0.1937 plus the tariff of 3 cents and the transportation charges
of approximately $0.015, or a total of $0.02387, instead of the average New York
price of $0.1921, a gain of $0.0466, minus the equalization fee, on 22,000,000
pounds, to be distributed over the total production, which would be but a small
fraction of a cent, or $0.00014. That is, the producer would have received a
profit of approximately $0.0465 a pound, or a total profit of approximately
$332,078,400.
Lard

1925 1928

Production.....
Exports. _..___.

 eew---.pounds...
mmm mmm mr me ON i

2, 211, 000, 000 2, 324, 000, 004
719, 000, 000 717, 000, 000
PRICES 1
Chicago. eevee ee tmemmmmememmeemm———mmme————
Liverpool ...... nel re RE ER EER RR
Tariff. oo. re mc SEB
Transportation oo. ccc cc oc ccem eo ncecmmmemcmme—mem emo mmeen
Tqualization fee. oo. aces ccceammmmcmmemmememeamma——— momo
Net profit per pound... . [
Total profit. .____ mmm

$0. 168
.183
.01
. 005
. 0097
. 0203
44, 883, 300

|

$0.15
.164
.01
. 006
. 0089
.029
46, 712, 400
{ From Department of Commerce.
The average Liverpool price for lard in the year 1925 was 18.3 cents per pound,
and if the bill had been in effect the producer would have received the Liverpool
price of 18.3 cents plus the tariff, which is 1 cent, plus the cost of transportation
to the port of entry, say, one-half cent, or a total of 19.8 cents, a gain of 3 cents
over the Chicago price of 16.8 cents minus the equalization fee of $21,446,700,
to be distributed over the total production, which would be approximately
$0.0097 per pound, a net profit per pound of $0.203, or a total profit of $44,883,300.

The average Liverpool price for lard in the year 1926 was 16.4 cents per pound,
and if the bill had been in effect the producer would have received the Liverpool
price of 16.4 cents plus the tariff, which is 1 cent, plus the cost of transportation
to the port of entry, say, one-half cent, or a total of 17.9 cents, a gain of 2.91
cents over the Chicago price of $0.15, minus the equalization fee of $20,793,000,
to be distributed over the total of 2,324,000,000 pounds produced, which would
be approximately $0.0089 per pound, a net profit per pound of $0.0201 per pound,
or a total profit of $46,712,400.
CATTLE, 1925
The average Buenos Aires price for steers, medium to good, averaging 1,320
pounds, in the vear 1925 was $5.66, or 5.6 cents per pound, and if the bill had