PACKERS AND STOCKYAEDS ADMINISTEATION". 673 



Audits were nicide and completed for the stockyards located in the 

 following 18 markets: 



•Chicago, 111. Sioux City, Iowa. Louisville, Ky. 



Kansas City, Mo. St. Joseph, Mo. Nashville, Tenu. 



Omaha, Nebr. Denver, Colo. Peoria, 111. 



National Stock Yards, 111. Wichita, Kans. Seattle, Wash. 



St. Paul, Minn. Oklahoma City, Okla. Pittsburgh, Pa. 



Fort Worth, Tex. Baltimore, Md. Portland, Oreg. 



Audits were in progress but not completed at the close of the fiscal 

 year for the stock^-ards at the following seven markets : 



Spokane, AVash. Buffalo, N. Y. 



Salt Lake City, Utah. Detroit, Mich. 



Ogden, Utah. Cincinnati, Ohio. 

 Jersey City, N. J. 



The audits of the stockyard companies named cover the business 

 of two calendar years, namelj^, 1921 and 1922. The information 

 secured includes consolidated profit and loss statements and analyses 

 of surplus, together with comparative balance sheets. In addition 

 to this, there were obtained detailed profit-and-loss statements on the 

 various services as follows : 



Yardage. Loading and unloading. 



Resale yardage. Rent. 



Hay. Horse market. 



Corn. Hotel. 



Bedding. Miscellaneous. 



In addition to the information obtained through these audits, 

 financial reports showing income and expenses, balance sheets, etc., 

 were obtained from time to time for all stockyards under the juris- 

 diction of the packers and stockyards act. The ability of the 

 Packers and Stockj-ards Administration to deal intelligently with 

 the rates and charges and financial situation of the market agencies 

 and stockyards is rapidly being enhanced by these audits and re- 

 ports. 



Detailed statistical studies were made of the livestock commission 

 business in the following livestock markets: 



Omaha. Nebr. Fort Worth, Tex. 



St. Paul, IMinn. Pittsburgh, Pa. 



Portland, Oreg. 



Tabulations were prepared of all receipts of livestock arriving on 

 consignment for sale by commission agencies at the above-listed mar- 

 kets during the calendar j'ear 1921. Some idea of the compre- 

 hensiveness of this study may be gained from the fact that the total 

 number of accounts of sales covered at the five markets was over 

 300,000. The basic information obtained reveals the following facts : 



(a) Total receipts of the markets studied, classified as to method 

 of arrival, species, species combinations, and ownership. 



(h) Detailed segregation of marketing expenses, classified accord- 

 ing to arrival, species, species combinations, and ownership. 



(c) Receipts in terms of actual number of cars, consignments, and 

 owners and weights. 



(d) Detailed information as to number of head, weight, dockage, 

 price, marketing expenses (in detail), and net return to owner, ac- 



