INVESTIGATION OF THE FUR-SEAL INDUSTRY OF ALASKA. 743 



Mr. Elliott. I have got them right here; 126 shillings for "small 

 pups" and 240 shillings for 3-year-olds; $31 for the yearlings and $60 

 for the 3-year-olds ; and $54 for the 2-year-olds. But the minute you 

 strike the yearlings you drop right down to $31, getting for the smallest 

 yearlings $30. 



Mr. Stephens. Extra small pups ? 



Mr. Elliott. Yes; $30. They are the yearlings. 



Mr. McGuire. I understand you to say that the London report 

 specifically states yearlings. . 



Mr. Elliott (interposing). Yes; I have taken the prices from the 

 London reports. 



Mr. McGuire. I say, the London report states that they are 

 yearlings ? 



Mr. Elliott. No; they do not state that; they call them "small 

 pups." 



Mr. McGuire. I see. 



Mr. Elliott. I call them "yearlings," and anybody who knows 

 anything about them, calls them yearlings. 



Mr. McGuire. I misunderstood your quotation. 



Mr. Elliott. I have made it perfectly straight here. I have not 

 attempted to conceal that or deceive this committee about the quota- 

 tions from these London standards. They call them "small pups" 

 and then I call them "yearlings." The "small pups" bring that 

 sum. I quote the "small pups" as the dregs of the seal sales in 

 London. 



Mr. McGuire. But you quoted the yearlings. 



Mr. Elliott. I put my interpretation on them. I have got it 

 quoted here properly, as you will see by looking at it. 



Mr. McGuire. You were quoting and stated at various times that 

 you were quoting the London sales. 



Mr. Elliott. An "analysis" of the London sales. 



Mr. McGuire. But you quoted yearlings and 2-year-olds. I thought 

 those were quotations, but I was misled. 



Mr. Elliott. No; I have got the quotations on the "small pups." 



Mr. McGuire. I see. Then the yearlings you speak of were thrown 

 in by yourself. That is your own language ? 



Mr. Elliott. No; that is not 



Mr. McGuire (interposing). Is it your own or did you get it from 

 the London sales ? 



Mr. Elliott. I got the "small pups." 



Mr. McGuire. Where did you get the yearlings? 



Mr. Elliott. I got that from my own knowledge. 



Mr. McGuire. Did you get that from the London prices ? 



Mr. Elliott. Of course I did. 



Mr. McGuire. Is the word "yearling" used there? 



Mr. Elliott. No, it is not; but I know what a "small pup" is and 

 what a yearling is. 



Mr. McGuire. Then "yearling" was not a quotation? 



Mr. Elliott. Certainly not. I have not quoted it here. I have 

 quoted "small pups" at "126 shillings." 



Mr. McGuire. That is all right. 



