13 



It would seem that the fertihzer market, in common with the market for 

 other commodities, has been seriously affected by the conditions of readjust- 

 ment following the great war. The unusual advance in price of ammonium 

 sulfate was no doubt due largely to the hea^\v buying of the Japanese for their 

 needs in the culture of the mulberry for the propagation of the silkworm. 

 The more recent curtailment of European credits is very likely largely respon- 

 sible for the sharp decline in the price of ammoniates. Whether or not this 

 will affect the price of mixed goods for 1921, remains to be seen. The crude 

 stock products which make up the mixed fertilizers for 1921 were of necessity 

 bought on a high market, and to sell on the basis of prices which prevailed 

 January 1, 1921, for crude stock materials would mean a very serious loss to 

 the fertilizer manufacturer. On the other hand, during the past four to five 

 years he has no doubt had opportunities for profit which would compensate 

 for losses which he may, and probably will, have to experience. Unless pre- 

 vailing prices for the average farm products be accompanied by a much lower 

 price for fertilizers, a very serious curtailment in the use of these commodities 

 must follow. 



The following trade values were adopted in the spring of 1920 for use in 

 the valuation of fertilizers and fertilizing materials in compliance with our 

 State law. These values represent the average wholesale quotations for cash 

 of standard crude stock materials in New England, New York and New 

 Jersey markets, as given in the trade journals, for the six months preceding 

 March 1, 1920, plus 20 per cent. 



Table of Fertilizer Trade Values for 1920. 



Price per 

 Pound. 



Unit Price. 



Nitrogen. 

 In ammonia salts, ..... 



In nitrates, ...... 



Organic nitrogen in fish, blood and meat, . 



Organic nitrogen in fine bone and tankage, 



Organic nitrogen in coarse bone and tankage 



Organic nitrogen in mixed fertilizers, 



Organic nitrogen in cottonseed meal, castor pomace and linseed meal 



Phosphoric Acid. 

 Soluble in water, ....... 



Reverted, ....... 



In fine bone and tankage, .... 



In coarse bone, tankage and ashes, .... 



In cottonseed meal, castor pomace and linseed meal. 

 Insoluble in mixed fertilizers, ..... 



In any form soluble in water. 

 Total in ashes. 



Potash. 



15 

 125 



$6 00 

 5 20 



11 00 

 9 60 



8 60 



9 20 



12 40 



1 SO 

 1 60 

 1 40 

 1 20 

 1 20 

 60 



3 00 

 2 50 



