fi. SOME CONCLUSIONS SUGGESTP:D BY THE PRECEDING 

 FINANCIAL RECOIID. 



1. The total value received above net cost of feed and of cow 

 does in no instance exceed 15.97 cts. per day ; its average in eleven 

 cases is 12.91 cts. There is an actual loss of 1.2 cts. per day in one 

 case (No. 8). where the average daily yield of milk for the entire 

 l)eriod of observation (331 days) is as low as 7.7 quarts. 



2. The total value received above net cost of feed and of cow 

 consists in every instance in a controling degree in the manure ob- 

 tainable. In No. 8 it prevents a serious loss ; in No. 4 it represents 

 practically the entire gain ; in some instances it amounts to from 

 three-fourths to two-thirds (Nos. 12 and 3) and in none as low as 

 one-half of the total value secured. 



3. As the value of the manure depends in a controling degree 

 on th ! amount of fertilizing constituents contained in the feed, it be- 

 comes apparent that this point ought to be seriously considered 

 when selecting suitable fodder articles for a remunerative'daily diet 

 of dairy cows. The table containing the valuation of the essential 

 fertilizing constituents of the fodder articles used in our experiments 

 is very suggestive in this connection when compared with the preced- 

 ing statements of the respective market prices of the latter. 



4. Recognizing the correctness of the preceding conclusion, it is 

 evident that the most serious attention ought to be bestowed on col- 

 lecting and preserving the mauurial refuse obtained in connection 

 with the production of milk ; for it depends largely on a judicious 

 management of this matter how much of the stated manurial value 

 will be actually secured. The liability of a loss in the manurial 

 value of the refuse matter renders it advisable, for financial reasons, 

 not to depend on too close a margin of cash returns. 



5. Although it will be conceded that the dairy cow, aside from 

 the special service is a most important factor in a mixed farm man- 

 agement, as far as an economical disposition of home raised fodder 

 crops and a liberal production of home made manure is conceined. 

 yet when reduced to a mere manure producing medium, this value 

 may be well questioned from a financial standpoint. 



6. A cow whose total milk record averages not more than 

 eight quarts per day, judging from our own condition, promises 

 to prove a better investment when prepared for the meat market than 

 when constituting a liberal proportion of the stock kept for supply- 

 ing the general milk market at stated prices. 



