of that point, considering tlieni not without some interest to others 

 studying the financial side of the dairy industry in its varying as- 

 pects. 



The present coniuumication contains a discussion of our creamery 

 record, which covers, to a considerable extent, tlie time when the 

 above mentioned milk record was obtained. The milk was weighed 

 at the station, and the cream secured and measured by means of a 

 Cooley creamery. A copy of the daily record was kept in our dairy 

 room by the agent of the creamery. Two quarts of milk used daily 

 for family purposes are accounted for in our calculations of total re- 

 sults. Analyses of milk were made where a change of daily diet 

 rendered it advisable. 



The cost of feed consumed is based on the same market price of 

 the various ingredients which are adopted in our late milk record. 

 The same is true in regard to the valuation of the whole milk, three 

 cents per quart. The estimates of the value of fertilizing ingredients 

 contained in the feed correspond with those lately published in Bul- 

 letin 32. 



The value of the cream is that granted us from month to month by 

 our local creamery association. The station has no other connection 

 with the financial management of the creamery. 



Our presentation of financial results is based on the local cost of 

 feed alone and does not consider interest on investment and labor 

 involved ; for the reason that approximate estimates. on these points 

 are in an exceptional degree dependent on quality of stock, and vary- 

 ing local circumstances. The details are embodied in a few subse- 

 quent tables, under the following headings : 



1. Statement of articles of fodder used. 



2. Record of average quality of milk and of fodder rations. 



3. Value of cream produced at creamery basis of valuation. 



4. Cost of skim milk at the selling price of three cents per quart 

 of whole milk. 



5. Fertilizing constituents of cream. 



G. Some conclusions suggested bv the records. 



