Agricultural relief: Agricultural relief

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831935406

URN:: urn:nbn:de:zbw-retromon-232218

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 9

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 591 - 642

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of hon. G. N. Haugen

Collection:: Economics Books

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

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