894 



THE FRUIT INDUSTRY i 



YORK STATE 



PRICE OF APPLES 



We have received an average of $2.60 for all the barreled sto 

 sold, which includes firsts and seconds. For evaporator and cid 

 stock we have received $.72 per barrel rather above the averai 

 possibly, because in two seasons gales of wind, as has been sai 

 gave an abnormally large quantity of very good windfalls. T. 

 yearly prices received appear in Table III. 



TABLE III. 



PRICE PER BARREL RECEIVED FOR APPLES IN THE AUCHTER ORCHARD 

 FOR TEN YEARS 



BALANCE SHEET 



We are now ready to calculate profits and declare dividend 

 Substracting $1.29, the cost of a barrel of apples, from $2.6 

 the amount received, a net profit of $1.31 per barrel remai 

 for firsts and seconds. Multiplying by 79, the number of barre 

 per acre, gives $103.49 as the profit per acre for firsts and second 

 Subtracting $.72 from $.93 gives $.21 as the difference betweq 

 average cost of production and average selling price of cul 

 Multiplying 37.6, the number of barrels of culls per acre, by 2 

 gives a loss of $7.89 per acre on the culls, leaving the average n 

 profit per acre in this orchard for the past ten years $95.60; ac 

 to this the $25 interest on the investment and we have $120.< 

 net, or 24.12 per cent on $500, as the annual ten-year divider 

 from this orchard. 



