48 AGRICULTURAL PRICES 



takes were made which might have been avoided if the method had 

 been applied by a thoroly impartial body well versed in the tech- 

 nique of dairying as well as the weighting of agricultural index 

 numbers. The unjust prices secured by the commission should not 

 be blamed on the ratio method, but on the way in which it was 

 applied. The finest scales are not dependable in the hands of an 

 ignorant or a dishonest man. 



We present herewith a historical milk chart indicating profits 

 and losses from January, 1908. 



A full description of the derivation of the Pearson formula is 

 to be found in Bulletin No. 216 of the Illinois Experiment Station. 



