LIVE-STOCK SHIPPING ASSOCIATIONS. 39 
4, List each owner’s delivery of live stock according to the price 
ranges on the account sales (or if graded at home, according to the 
home grades) and insert the home weights. 
5. Calculate the rates of shrinkage as follows: 
Shrinkage 
° Home Market 
Kind. : Rates 
weight. | weight. | ths. | Ratet | usedin 
prorating. 
| |] | 
Per cent. | Per cent. 
SILECHEI OES ee = td Fe Reee ea crak 5 Sane cha Saad kee 14, 180 14, 035 145 1.02 1.00 
LEASE erie | Dr CSUR 1 Se ss JE RRC See 6 ere en a 1, 905 1,870 35 1. 84 2. 00 
| | | 
1 The rates of shrinkage are obtained by dividing the shrinkage in pounds by the home weight. In 
actual practice, shrinkage is frequently computed by using even percentage figures, rather than the actual 
figures. This practice has been followed in the illustrations in this bulletin (1 per cent instead of 1.02 per 
cent and 2 per cent instead of 1.84 per cent and, as will usually be the case, has resulted in weights being 
used on the prorate sheet (Fig. 3) which vary slightly from those on the accounts sales (page 7). 
6. Calculate each shipper’s shrinkage by multiplying the home 
weight by the rate determined above for each kind of live stock, 
and prove the shrinkage calculations by comparing the total shrink- 
age deducted plus the market weight with the total home weight. 
Where the shrinkage rate used in prorating has been rounded up 
or down, the total pounds of shrinkage and the total market 
weight as shown on the prorating sheet may be a few pounds more 
or less than the actual shrinkage and market weight. 
7. Calculate the gross amount due each shipper, using the prices 
given on the account sales. In the case of dead or crippled animals, 
the calculations on the prorating sheet are carried through at the 
prices such animals would have brought undamaged. Any differ- 
ence in the prorated market weight and the actual weight due to 
averaging the shrinkage will also result in a slight discrepancy 
between the calculated gross sales value and the gross sales value 
shown on the account sales. The gross sales value obtained on the 
prorating sheet will also be greater than that shown in the account 
sales when damaged animals are calculated at the price they would 
have brought undamaged. ‘ 
8. Calculate the amount of expenses to be deducted from each 
shipper’s returns by multiplying the market weight by the rate 
obtained under (8) page 7. Here again the total prorated expenses 
may differ shghtly from the actual expenses on account of rounding 
the expense rate up or down to facilitate calculation. 
9. Ascertain the net amount due each shipper and prove the de- 
duction of expenses by comparing the sum of the expenses and net 
amount with the gross amount. 
10. By carrying out the calculations indicated under “ proof of 
settlement ” in the lower left-hand corner of the prorating sheet, the 
total difference between the prorated results and the actual results of 
the shipment will be determined. The gross sales value will be found 
on the account sales. To this will be added insurance payments, if 
any, to obtain the total to be prorated. The total deductions will 
consist of the total expenses listed on the left-hand margin of the 
prorating sheet, plus membership fees, if any. Subtracting the total 
deductions from the total to be prorated will give the balance for 
