45 



together with the difference in value between fall an J 

 spring, are as follows: 



Table 4. Financial Statement. 



1907-'08. 

 Lot 1. Range alone: 



To 722 lbs. steer at $2.50 per hundred wt. $18.05 

 By value of same steer in spring, 625 lbs. 



at $2.89 per hundredweight $18.05 



$18.05— $18.05 



Lot 2. Range plus cottonseed meal and hulls: 



To 726 lbs. steer at $2.50 per hundred wt. .$18.15 

 ,To 714 lbs. cottonseed hulls at $6. 00 per ton 2.14 

 To 194 lbs. cottonseed meal at $26.00 per ton 2.56 

 By value steer in spring 720.5 lbs. at $2.89 



per hundred weight $20.82 



By required increase in value over range 

 oteer to break even, 28c per hundred- 

 weight 2 . 03 



$22.85— $22.85 



Lot 3. Range plus peavine hay: 



To 724 lbs. steer at $2.50 per hundred wt.$18.10 

 To 714 lbs. peavine hay at $10.00 per ton 3.57 

 By value steer in spring, 715 lbs. at $2.89 



per hundred weight $20 . 65 



By required increase in value over range 

 steer to break even, 14c per hundred- 

 weight 1 . 02 



$21.67— $21.67 



1908-'09 

 Lot 1. Range alone: 



To 705 lbs. steer at $2.56 per hundred wt. $18.05 

 By value same steer in spring, 599 lbs. at 



$3 . 01 per hundredweight $18 . 05 



$18.05— $18.05 



Lot 2. Range plus cottonseed meal and hulls: 



To 705 lbs. steer at $2.56 per hundred wt. $18.05 

 To 854 lbs. cottonseed hulls at $6.00 per ton 2.56 

 To 236 lbs. cottonseed meal at $26.00 per ton 3.07 

 By value steer in spring, 708 lbs. at $3.01 



per hundredweight $21 • 31 



By required increase in value over range 



steer to break even, 33c per hundredweight 2.37 



$23 . 68— $23 . 68 



