230 MARINE PRODUCTS OF COMMERCE 



Table 54A. Edible Fishery Products Entered Free of Duty, 1948 



Fresh and frozen: 



Sea herring Crabs Scallops 



Smelt Lobsters Shrimp 



Tuna Oysters Turtles (live) 



Clams 

 Canned: 



Abalone Lobster meat Lobster paste and sauce 



Under accepted principles of evaluation the commercial fishery resources of 

 the United States were worth $11,323,645,000 in 1948 (Table 55). If there were 

 no fishery resources, the nation would have had to invest this amount at 4 per 

 cent interest in order to maintain the earnings of the fishery industries in 1948, a 

 record year. 



Table 55. Capitalized Value of the Commercial Fishery Resources 

 OF THE United States, 1948. 



Item Value * 



Value to: 



Fishermen and boat owners $6,093,750,000 



Manufacturers and processors 1,504,995,000 



Wholesalers of fishery products 1,731,674,000 



Retailers of fishery products 1,993,226,000 



Total 11,323,645,000 



* If the nation had no fishery resources this amount would have to be invested at 4 

 per cent to maintain the 1948 earnings of the members of the fishery industries. 

 Source: U. S. Fish and Wildlife Service. 



When purchased by the consumer the products of the industry were worth an 

 estimated $996,613,000 in 1948. The data for earlier years, and for the ex-vessel, 

 processing, and wholesale levels are shown in Table 56. In 1948 the estimated re- 

 placement value of fishing craft, gear, processing plants, wholesale establishments, 

 etc. was $951,000,000 (Table 57). The U. S. Fish and Wildlife Service estimated 



Table 56. Value of Fishery Products at Various Levels of Production and 



Distribution in the United States and Alaska, 1939-1948. 



Production or Distribution Level 



