CHAPTER VI 



COMPETITION AND THE LAWS OF PKICES 



Land is practically unlimited, and labor can 

 always be had at a price ; therefore competition 

 in farming will always be keen. Crops will be 

 produced at cost, giving the farmer but a fair 

 return for his work and the use of his capital. 



The city householder pays 12 cents a quart 

 for milk for which the dairyman receives but 

 6 cents. If all delivery charges could be elimi- 

 nated the city breakfast tables would be sup- 

 plied with milk at 6, or at the outside 7, cents a 

 quart. Raise the price even a quarter of a cent 

 and the contributing territory would expand in 

 every direction. If the present limit of profit- 

 able haul is three miles, the additional price 

 would bring milk from the farm four miles from 

 the railroad. If the present longest run of a 

 milk train is one hundred miles, the additional 



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