COLD STORAGE REPORTS, 1917-1918. 



13 



the costs of storage, leaving little or no balance to pay interest 

 on the investment or to provide for any profit on the trans- 

 action. 



Figure 4 shows the weekly average prices of creamery but- 

 ter on the New York market during some of the months of 

 accumulation and distribution for the past three seasons. The 

 prices are obtained from the quotations in The Producers' 

 Price-Current. 



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Fig. '4. — Weekly average prices of cold storage creamery butter on the New York market. 

 Compiled from the Producers' Price-Current. ("Weeks are numbered from 1 to 5.) 



REVIEW OF THE 1917-1918 SEASON FOR COLD STORAGE OF 

 PACKING STOCK BUTTER. 



The term "packing stock butter" used in the reports of the 

 Bureau of Markets is intended to include all dairy and farm 

 made butter which is to be used as bakers' stocks or for mak- 

 ing renovated or process butter. 



The first month's report issued on September 1, 1917, 

 showed the holdings of 89 cold storage warehouses to be 

 2,531,215 pounds. This was approximately 60 per cent more 

 than was stored on the same date the previous season. As 

 many cold storage warehouses did not report for the month 

 of September this did not include all holdings. The compari- 

 sons of this month's holdings with later and more complete 

 monthly reports would seem to indicate that there were ap- 

 proximately three and one-half million pounds stored on Sep- 

 tember 1, 1917. 



