421] 



BUTTER PRICES 



197 



fore about five cents per pound. Other years, however, 

 frequently show an important profit from storing butter. 

 For instance, butter bought in the summer of 191 1 or 1912 



TABLE XXII 



El<;in Board Prices of Butter for June, July, and August 1910, and 

 for January, February, and March 191 i 



Date, storing season 



Price per 

 pound 



Date, selling season 



Price per 

 pound 



1910 cents 



June 6 27 



June 13 27 



June 20 27 



June 27 271^ 



J^y 2 27^ 



July II 28 



July 18 28 



July 25... 27 



August 1 28 



August 8 29 



August 15 29 



August 22 30 



August 29 30 



Average 28.08 



191 1 cents 



January 9 29 



January 16 27 



January 23 25 



January 30 25 



February 6 26 



February 13 26^ 



February 20 26)^ 



February 27 2 S% 



March 6 26 



March 13 26 



Mar^h 20 25 



March 27 24 



April 3 21 



Aveiage 25.58 



(From U. S. Department of Labor, Bureau of Labor Statistics, Bulletin 164, p. 23.) 



and sold in the succeeding winter brought a large return 

 both years. 



MOVEMENT OF THE ANNUAL AVERAGE PRICE 



Diagram VII. shows that the prices of milk, butter, and 

 cheese rise and fall at the same time. The fundamental 

 causes affecting the price of milk affect also the price of 

 butter and cheese. This is of course what might be expected 

 because the producer in seeking high prices for milk will 

 take his product to the creamery, or will ship it for con- 

 sumption to the city where this is possible, or will take it 

 to the cheese factory if one is accessible. The manufac- 



