ECONOMICS OF THE FISHERIES 



393 



CCNTS 



P{R POUNO 



(COMPCTINO 



FOOO) 



10 



MILLIONS 

 OF COLLARS 

 (COO-HAOOOCK t 

 VALUC) 



KRCCNT 



(cost or 



LIVINQ 

 INOCX) 



Fig. 14. The total annual value of cod and haddock to the producer compared to the average 

 price of competing foods (beef cattle, hogs, and eggs) in terms of dressed weight and pounds, 

 and the cost of living index for food. Plotted to logarithmic scales in order to provide an ac- 

 curate comparison of the relative change in values. (Herrington, 1946). 



The above observations are based on specific local fisheries, cod and 

 haddock; for the whole country, Table 15 presents for comparison in 

 parallel columns indices of production and prices of all food fish of the 

 United States and of animal products of agricultural origin. As good a 

 correlation as Herrington's with staple cod and haddock is hardly to be 



Fig. 15. The relative price of cod and haddock (producers' price of cod and haddock divided 

 by the producers' price of competing foods), compared to the production of cod and haddock. 

 Plotted to logarithmic scales in order to show the relative change in values. (Herrington, 1946). 



