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