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BULLETIN" 1150, U. S. DEPARTMENT OF AGRICULTURE. 



Losses paid : 



Hogs $1, 287. 90 



Cattle 000. 00 



Total losses paid 1,287.90 



Attorney's fees 203. 50 



Total debits $1,491.40 



Credit balance 696. 82 



Deduct amount transferred to loss and gain 196. 82 



Net increase carried forward $500. 00 



Total carried forward 500. 00 



ANALYZING THE BUSINESS. 



If the information contained in the records and reports is to be 

 utilized to the fullest extent in determining business policies, it must 

 be analyzed and reduced to terms which will serve as measures of 

 efficiency. The most successful association is the one which, first, 

 receives the highest price obtainable for each class and grade of 

 live stock, and, second, pays the shipper the largest proportion of 

 each dollar of gross sales, considering the services performed. 



The analysis presented in Table 1 is based on the actual results ob- 

 tained by three Iowa shipping associations in shipping hogs in 1921. 

 It will be noted that even these associations, selected at random from 

 the same territory, show wide differences in expenses, shrinkage, and 

 losses. The extent to which these differences are justified must be de- 

 termined by the management of each association in the light of its 

 local conditions and other factors. It is not the purpose here to at- 

 tempt to explain these differences, but rather to emphasize the fact 

 that only by keeping adequate records and analyzing the results will 

 the leaks in the marketing of live stock be revealed and their causes 

 eliminated. 



Table 1. — Comparison of the results obtained by three Iowa associations in 



shipping, 1921. 



Association 

 A. 



Association 

 B. 



Association 

 C. 



Numbers of straight carloads shipped 



Markets to which shipped 



Freight, switching, war tax 



Feed 



Yardage 



Selling commission 



Insurance, inspection 



Total freight and terminal expenses 



Manager's commission 



Local car expense 



Insurance charge 



Federation dues 



Undivided balance and membership fees 



Total home expenses and deductions 



Total all expenses and deductions 



Less undivided balance, insurance fund balance, and mem 

 bershipfees 



Net shipping expenses 



1 Based on market weight. 



120 



X 



Cents per 100 



tts.i 



41.5 



4.3 



4.6 



9.9 



0.1 



2.8 

 5.0 

 0.3 

 0.1 



140 



X& Y 



Cents per 100 



Zfes.i 



34.0 



2.6 



2.7 



7.4 



0.1 



144 

 X&Z 



Cents per 100 

 lbs .i 



38.5 

 3.1 

 3.8 

 8.8 

 0.1 



60.4 



46.8 



1.9 

 6.0 

 0.3 



0.2 



5.7 

 2.3 

 5.0 

 0.3 

 0.0 



15.2 



78.5 

 3.0 



62.0 

 2.9 



75.5 



59.1 



54.3 



67.6 

 0.3 



67.3 



