10 



BULLETIN 776, U. S. DEPARTMENT OF AGRICULTURE. 



Table 11 shows the percentages of monthly increases and 

 decreases for this and the past season compared with a ten- 

 year average compiled from the reports of the Associated 

 Warehouses from 1907 to 1916, inclusive. 



Table 11. — Monthly percentages of increases and decreases in holdings of 

 cold storage creamery butter. 





Per cent, of increase. 



Per cent, of decrease. 



Date. 



April 



May 



June 



July 



Aug. 



Sept. 



Oct. 



Nov. 



Dec. 



Jan. 



Feb. 



Mar. 



Assoc. Whse.l . 



1916-1917 



1917-1918 



6.9 



' 1.1 



3.0 



3.7 

 5.6 

 6.3 



43.8 

 45.4 

 38.8 



33.8 



44.7 

 38.8 



11.8 



3.2 



13.0 



0.2 



7.8 

 -fO.l 



13.0 



14.5 

 6.1 



15.0 

 18.6 

 19.7 



24.6 

 17.2 

 30.1 



16.1 

 14.4 

 22.0 



12.4 



13.2 



6.8 



8.7 

 8.7 

 2.0 



1 Reports of Associated Warehouses, 1907 to 1916, inclusive. 



In this connection it is Interesting to note the comparative 

 exports of butter during these two seasons as shown in table 

 12. These data were compiled from the reports of the U. S. 

 Department of Commerce. 



Table 12. — Monthly exports of butter during the distribution of the cold 

 storage stocks of creamery butter for the seasons of 1916-1917 and 

 1917-1918. 



Month. 



1916-1917. 



1917-1918. 





Pounds. 



8,065,203 



4,580,020 



2,298,548 



1,888,825 



296,062 



487,386 



371,519 



Pounds. 

 275,017 





262,800 





1,348,740 





4,195,551 





821,421 





4,309,478 





3,636,006 







Total 



17,987,563 



14,849,013 



On June 1 there were 9,010,869 pounds in cold storage and 

 during the months of June and July the increases represented 

 77.6 per cent, of the total holdings or 77,471,798 pounds. The 

 Producers' Price-Current showed a range of prices for "cream- 

 ery firsts" of from 36 to 41.5 cents per pound on the New York 

 market during June and July, the average during the period 

 being 38.16 cents per pound. From October 1, 1917, to March 

 1, 1918, the total holdings were reduced by 84.7 per cent or 

 87,667,457 pounds. The selling price of "creamery held firsts" 

 on the New York market during this period ranged from 49.75 

 to 47 cents, the average being 44.02 cents per pound. 



