790 OLEOMARGARINE. 



Eepresentative BAKER. Nothing of that character! 



Mr. MILLER. No, sir; the Kansas City firm does not. 



Eepresentative HAUGKEN. And you claim that if the sale of this oil 

 is cut off entirely it will make a difference of $2 for every steer killed 

 in this country ? 



Mr. MILLER. In the lard, it would make a difference of 20 cents per 

 head in the hog, and $2 per head in the steer. 



Representative HAUGKEN. I understand that there were about 4,600,- 

 000 cattle killed last year, and that about 24,000,000 pounds of this lard 

 was used, which would amount to about 2J pounds to every steer killed 

 in this country, every head of cattle. Now, do you figure that this is 

 worth $1 a pound? 



Mr. MILLER. You understand that there is quite a good deal of this 

 oil exported? 



Eepresentative HAUGEN. Oh, well, that has nothing to do with this, 

 you understand. This bill will not cut off the export business. 



Mr. MILLER. It will injure the export business, too. 



Eepresentative HAUGEN. It has nothing whatever to do with that. 



Eepresentative NEVILLE. Mr. Chairman, I understand that there 

 are other gentlemen here who desire to be heard, and it is now the 

 usual hour of going up to the session of the House. I move that we 

 adjourn until to-morrow morning. 



[Mr. Miller also submitted the following as part of his remarks :] 



[Extract from editorial in the New York Produce Review and American Creamery, issue of 

 Wednesday, April 18, 1900.] 



In the first place there is every prospect of a larger make of butter in this country. 

 Some new creameries have been built, farmers are inclined to give the dairy more 

 attention, and more cows will be milked this year. To what extent this will increase 

 the output of butter it is difficult to determine, but if the weather conditions are 

 reasonably favorable the production for the entire country may be 10 per cent 

 greater than in 1899. Keports that have already come to us from a given territory 

 show about this increase for the first half of April, and the season is certainly no 

 earlier than last year. It is quite probable that the New England States, New^ork 

 and Pennsylvania may show a proportionately larger increase than the West, as all 

 of these States suifered severely from an early drought last year. 



[Extract from editorial in the Chicago Dairy Produce, issue of Saturday, April 7, 1900.] 

 CHICAGO BUTTER RECEIPTS. 



A glance at the table printed elsewhere in this issue, showing arrivals of butter 

 in this market for eleven months, beginning May 1, 1899, compared to the correspond- 

 ing eleven months of the preceding year, reveals for the past four months quite an 

 increase. For last month this increase amounted to over 19,000 packages. 



[Extract from the New York Produce Review and American Creamery, issue of Wednesday, 



May 2, 1900.] 



GOOD YEAR'S BUSINESS REVIEW OP THE BUTTER MARKET FOR THE PAST TWELVE 

 MONTHS VOLUME OF TRADE WAS LIGHTER HIGHER PRICES' RULE TROUGHOUT, 

 THE AVERAGE BEING ABOUT 2 CENTS MORE THAN THE PREVIOUS YEAR. 



On Monday last the trade year for butter closed, and while the varied experiences 

 of the season are too fresh in the minds of most operators to need extended com- 

 ment, some features were of such special interest as to merit a brief summary. 



Ever since the season of 1896, when summer prices were so low, we have been 

 working toward a higher level of values, and the past season has made records that 

 have not been equaled since 1893. It has been a year of large speculation and large 

 profits. The high cost of the summer product did not seem to lessen the interest in 

 the storage deal, and nearly as much butter was put away in June and July as during 

 the corresponding months of 1898. * * * 



The storage butter of the country was worked out at a handsome profit to holders, 

 and the better rates ruling throughout for the fresh goods gave satisfactory returns 

 to the dairymen. It is true that the higher prices ruling for butter have made a 



(*208) 



