8 N. H. AGR. EXPERIMENT STATION. [Bulletin 182 



Labor charge, chores, 86 hours at 35c $30. 10 



Value of manure: 



12 cords heavy manure at $4 S48 . 00 



5 cords medium manure at $2.50 12 . 50 



9 cords light strawy manure at $1 9 . 00 



$775.10 $685.28 

 Net profit $89.82 



Pasture Period — May 15 to October 26. 



Shortly after being turned out to pasture three steers got on 

 the railroad track and were killed. Pasture, therefore, includes 

 results on seven head only. 



Average weight, May 15 547.00 lbs. 



Average weight, October 26 750 . 00 lbs. 



Total gam per head 203.00 lbs. 



Daily gain per head 1 . 20 lbs. 



Interest on investment $17 . 40 



Pasture charge (5^ months at $1.50 per month) 57.75 



Salt 2.00 



Labor 5.00 



Value of steers. May 15 at 14c 536.05 



Value of steers, October 26 at 15c $787.50 



$787.50 $618.20 



Balance net profit $169.30 



Net profit per head 27 . 04 



The values per pound live weight for May 15, 1918, and Octo- 

 ber 26, 1918, are estimates based on prices current in the open 

 markets at that time. The only criticism of these estimates 

 that could be offered is that in an effort not to show the results 

 in too optimistic a light the October (1918) price given is perhaps 

 somewhat lower than that which could have been obtained on 

 the Brighton market or any other market where bidding has 

 some competition. 



Factors That Made a Net Profit on Winter Feeding. 



Barring accidents, such as the loss of stock from disease for 

 which there may be no compensation, there are four factors 

 which may vary so as to be the cause of either profit or loss. 

 These are (1) the character of the animal, its ability to make 



