BUEEAU OF MARKETS. 477 



MARKET NEWS SERVICE ON DAIRY AND POULTRY PRODUCTS. 



This news service, which is under the supervision of Mr. R. C. Potts, 

 is financed entirely by emergency funds, having been instituted in 

 the fall of 1918 under the Food Production Act. 



Reports are issued monthly to show the production of dairy 

 products, the data for which are secured from approximately 14,000 

 dairy manufacturing plants in the United States. These reports 

 show the amounts of the various manufactured creamery prod\icts, 

 such as whey, process butter, oleomargarine, cheese of various 

 classes, condensed and evaporated milk, various classes of powdered 

 milk, casein, milk sugar, etc. They have been issued monthly since 

 September 1, 1917, and furnish an accurate and comprehensive view 

 of the dairy production of each State and of the country as a whole. 

 These reports have been used by various governmental agencies, 

 including the War Trade Board, United States Shipping Board, 

 United States Food Administration, and others. They have been 

 given very wide distribution through branch offices of this bureau 

 and the dairy journals to which they are furnished. 



Daily market reports on butter, eggs, and cheese have been issued 

 since the fall of 1917 from Washington, Boston, New York, Phila- 

 delphia, Chicago, Minneapolis, and San Francisco, in which cities 

 this project has branch offices. These reports supply information 

 regarding prices, trade conditions, market receipts, storage move- 

 ment, supplies in storage, and supplies in the hands of wholesalers 

 and jobbers. The mailing list of those receiving these reports has 

 constantly increased, and at the close of the fiscal year about 7,500 

 copies were issued daily. It is generally conceded that the accurate 

 and reliable information thus issued has been of great aid in stabiliz- 

 ing the market, in eliminating speculation, and in bringing about 

 greater economy and efficiency in the marketing of these products. 



MARKET NEWS SERVICE ON GRAIN. HAY, AND FEEDS. 



This news service, which is under the general supervision of Mr. 

 George Livingston and was under the immediate direction of Mr. K. 

 B. Seeds, and later of Mr. G. C. Wheeler, has been undertaken since 

 the passage of the food production act. The machinery created for 

 the issuance of these reports has been utilized also for emergency 

 work of signal value, which could not have been conducted had these 

 facilities not been available. 



For the purposes of this work branch offices have been opened at 

 the follo^ving points: New York, Richmond, Atlanta, Chicago, Min- 

 neapolis, Kansas City, Oklahoma City, Denver, Spokane, and San 

 Francisco. 



As rapidly as the local organizations could be completed, these 

 offices began to issue bi-weekly reports which contained statistical 

 information regarding stocks of grain, hay, and feed, the supply of 

 and demand for these commodities, and the prices at which they 

 were being })ought and sold in carload lots, compiled from reports 

 obtained from voluntary correspondents. Weekly news letters have 

 been issued regarding the general market conditions in the principal 

 markets for these commodities. Special surveys have been made 

 from time to time covering particular phases connected with the 



