Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-12-07

ptf cent Of the erss. ana ss.s per
cent Of tho nsh.
The percentage Of receipts delivered
IN seven months IA 20 for fresh beef,
1913 per cent for fresh mutton. 9p.s
per cent for fresh PORK. eel per cent
for ponltry. ss.i per cent for butter.
1913 per cent for eggs. and $40 pei
cen, for nah.
The important observation to be
made declares the secretary, ia that
the receipts into cold storage are en-
tirciy or very nearly exhausted by
the deliveries out OF cold storage with.
IN 10 months"
The fresh beef received into cold
storage during tine year beginning with
May. 1909 was kept there ON the aver
are Tor 90 months, the fresh mutton.
~ months; the fresh pork. es %
month: and the butter. ~ months.
! The poultry received during the year
beginning with March. 1907. was kept
on tho average "a months. che eggs.
SO MONTHS and the ash. 81 months.
The costs OF cold storage are rum
Ming against tho prices OF stored COM
inodities month BY month. Tho own
ess must use good Judgment and take
their goods out OF storage before the
costs Of storage. added 10 the original
cost Of the goods and perhaps some
profit. will raise the total amount of
cout above the market price. IL IN
problem Of the future.
4 The warehouxcmhn has n rate OF
charge for space for zach commodity.
in some CAGES for storing for the sea.
son, and in others by the month. An
other cost Of storage Ia interest, which
IN not always theoretical cost, and a
third cost II Insurance.
II these three costs are combined
they amount TO 0.ss7 OF cent per
pound Of fresh beef per month. or s.5
per cent OF the mean wholesale price
Of beef during the heavy cold storage
months Of 1919; for fresh mutton the
costs are casa Of cent per pound. or
as per cent OF the mean wholesale
price: for price; for poultry. 0.44s of
! cent per pound. or IS rfr cent Of
The mean wholesale price OF the iarr-
est class Of poultry; for butter, o.s7f
OF I cent per pound, or az per cent
OF the mean Wholesale price; for eggs
the costs amount ~ O.ss3 Of cent
per dozen, OF ! per cent OF the mean
wholesale price.
II Is evident that a. the time OF
storage lenethens. the costs ana their
| percentage Of wholesale price must be
/ multiplied by the number % months.
II the storage r. for as months. for
instance. the cost per pound ranges
/ from sara cents for fresh mutton 10
asia cenis for butter. ana In s.sss
cents per dozen for cgga. the costs for
Is months range from ss.b per cent
OF the Wholesale price In the case OF
butter 90 SIS per cent In the case OF
fresh mutton.
The costs Of storage for the average
length OF time during which these
commodities are In cold storage are 7.s
per cent OF the wholesale price Cor
fresh beef; iT.i per cent for fresh
mutton: az psr cent for fresh pork:
SIS per cent Tor poultry; 1o.s per cent
for butter; and IS per cent for eggs.
Approximately, the wholesale prices OF
tho commodities mentioned are In.
CREASED by cold storage TO the extent
Of the percentages Just given.
Cold storage has inserposed TO
change considerably the relaiive
monthly consumption 10 make II moro
even throughout the year II has al
80 changed the relative monthly
prices throughout the year. These
two facts have raised the price level
OF the commodities covered by this In.
vesf'sation. for q reason apart from
tho costs OF storage. In two ways.
then. cold atoragc has raised tho cost
OF living The prices that were COM
piled Indicate tendency toward uni
formlty Of prices throughout the year.
after cold storage became large bus. |
mess for butter. eggs. fresh mutton. |
and poultry: QUA a tendency away
from uniformity Of price for fresh beet |
and fresh pork. The conclusions arc
substantiated by tw>o methods OF treat !
ina the price compilations.
This ccid-storage Investigation sup |
ports belief that there has been
much speculation In some years by the /
men who keep these commodities In !
cold storage. One illustration is !
given: The egg year fsf0-ff had 20 |
per cent more eggs in cold storage |
than the preceding year. ana yet the |
price index number went much higher
than usual In the months when il IL
---'*- N'~'F'~s W 1-~NUU INHrH Il
lower In the months when II ~ low
March To July following.
AZ time when there was plenty Of |
eggs In storage. the wholesale price OF |
essa scared e 60 cents In Boston In |
November and December and TO ssM
cents In New York tor nearby state |
egss. Thsse was sn apparent mistake |
OF the storage nsen In osersstimating |,
the consumption OF the pnhlsc at ex-
brilliant prices. because so iarks was
the unsold quantity a. tho beginning
OF the next eGs year IN tho spring of I
1911. that the wholesale price Of eggs
fen In April 20 1874 cents In Boston I
and New York and the storage men
dumped IN The f5reign MARKET the /
greatest quantity Of Gags ever sxpor,od .
from this country IN a year.
From the returns made BY the
warehousemen Il Is infereble that the
fresh beef mutton, and pork. the |
poultry, butter, eggs. and fish received
into cold storage In a year amount 20
Hclght " al least i.0oe. 00e. zee /
pounds and very likely 10 auarisF