EXERCISE No. 96 

 STOCK ACCOUNT 



Object : To learn how to keep accounts with stock. 



Material : A farmer buys a carload of feeders on Sept. 10, 

 1915. The steers average 1200 pounds. He pays $0.0725 

 per pound. The first period of 30 days he feeds them an 

 average of 1 pound of cotton seed meal, 5 pounds of corn, 

 12 pounds of silage, and 18 pounds of clover hay. During 

 the second period of 30 days he increased the cotton seed 

 meal to 2 pounds and the corn to 8 pounds a day. During 

 the third period of 50 days he increased the cotton seed meal 

 to 3J pounds, the corn to 12 pounds, and the silage to 18 

 pounds a day. During the first period the cattle gained 

 1.8 pounds a day, during the second period they gained 2.3 

 pounds per day, and. during the third period they gained 

 an average, of 2.9 pounds per day. He sold them for $0.089 

 per pound. The price of corn was $0.50 per bushel of 70 

 pounds, cotton seed meal was $30 per ton, clover hay was 

 $10 per ton, and silage was $3.50 per ton. Interest was 

 worth 6%. 



Method: Make up a record of this venture as it should 

 be found in your farm account book if you were the farmer. 



Conclusion: What were the average profits on each 

 steer?... On the carload?... 



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