160 



Exports and Imports 



absence of orders from the U. S. Government, large quantities 

 of condensed milk, produced at high cost began to stack up in 

 our factories, causing serious fianancial einbarassment to the 

 condensed milk concerns and placing many of the financially 

 limited companies on the brink of disaster. The outlook for a 

 rapid increase in the ocean-going bottoms during the summer of 

 1918 promises to permanently relieve this temporarily embarass- 

 ing situation of the condensed milk industry. 



Commercial Stocks of Condensed Milk. — Bulletin No. 7 of 

 the United States Food Surveys^ shows that the total condensed 

 milk stocks January 1, 1918, amounted tO' 310,881,660 pounds. 

 Of this total the milk condenseries held 22.8 per cent ; the storage 

 v^^arehouses, 7 !7 per cent; the wholesale dealers, 35.4 per cent; 

 and the retail dealers, 27.2 per cent. The remainder, amounting 

 to 6.9 per cent was held by a miscellaneous group of firms. 



Stocks of Condensed Milk Reported for January 1, 1918, with 

 Comparative Figures for Jan. 1, 1917, by Classes of Business. 



1 Food Surveys, Bureau of Markets, U. S. Department of Agriculture, 

 1, No. 7. Special issue, June, 1918. 



Vol. 



