94 



COST OF 



A financial statement is of limited importance on account of the 

 arbitrary manner of determining feed values. It is thought, how- 

 ever, that the figures presented in Table XLV are comparable and 

 of some value in this connection. 



TABLE XLV. Showing Summary of Cost of Calves 



The calves receiving the skim milk ration cost, for the period 

 of one hundred eighty-two days, $12.63, or an average daily cost of 

 6.9 cents. Lot II cost 2.37 per cent, and Lot III, 38 per cent, more 

 than Lot I. The cost per pound gain offers the greatest variation. 

 Each pound of gain produced by the home-mixed calf meal coat 

 29.8 per cent, more than by the skim milk ration and each pound 

 of gain produced by the Blatchford's Calf Meal ration, cost 129.8 

 per cent, more than the gain produced by the skim milk ration. - The 

 maximum and minimum costs for Lots I and II were remarkably 

 close together while for Lot III, they were very much above the 

 other two. 



The average daily ration of the three lots, as shown in Table 

 XLVI, indicates the actual amount of the various feeds fed. 

 Lot I consumed .72 pound of whole milk per day or 37.5 per cent, 

 less than Lot II and less than one-third of the amount required by 

 Lot III. The total amount of milk or milk substitute consumed 

 per day, as an average for the entire experiment, by the three lots 

 was 11.83 pounds for Lot I, 11.14 pounds for Lot II and 11.20 

 pounds for Lot III. The uniform amount of liquid material con- 

 sumed by the three lots is of importance. 



TABLE XLVI. Showing Average Daily Ration Consumed 



