10 
BULLETIN 
U. S. DEPARTMENT OF AGRICULTURE. 
Table 11 shows the percentages of monthly increases and 
decreases for this and the past season compared with a ten- 
year average compiled from the reports of the Associated 
Warehouses from 1907 to 1916, inclusive. 
Table 11. — Monthly percentages of increases and decreases in holdings of 
cold storage creamery butter. 
Per cent, of increase. 
Per cent, of decrease. 
Date. 
i April 
May 
June 
July 
Aug. 
Sept. 
Oct. Nov. Dec. 
Jan. 
Feb. 
Mar. 
Assoc. Whse.l 
1916-1917 
1917-1918 
6.9 
1.1 
3.0 
3.7 ' 43.8 33.8 
5.6 45.4 44.7 
6.3 38.8 i 38.8 
11.8 
3.2 
13.0 
0.2 13.0 15.0 24.6 16.1 
7.8 14.5 18.6 17.2 14.4 
-rO.l ! 6.1 | 19.7 | 30.1 1 22.0 
12.4 
13.2 
6.8 
8.7 
8.7 
2.0 
1 Reports of Associated Warehouses, 1907 to 1916, inclusive. 
In this connection it is interesting to note the comparative 
exports of butter during these two seasons as shown in table 
12. These data were compiled from the reports of the U. S. 
Department of Commerce. 
Table 12. — Monthly exports of butter during the distribution of the cold 
storage stocks of creamery butter for the seasons of 1916-1917 and 
1917-1918. 
Month. 
1916-1917. 
1917-1918. 
Pounds. 
8,065,203 
4,580,020 
2,298.548 
1,888,825 
296,062 
487,386 
371,519 
Pounds. 
275,017 
262,800 
1,348.740 
4,195,551 
821,421 
4,309,478 
3,636,006 
Total 
17,987.563 
14,849,013 
On June 1 there were 9,010,869 pounds in cold storage and 
during the months of June and July the increases represented 
77.6 per cent, of the total holdings or 77,471,798 pounds. The 
Producers' Price-Current showed a range of prices for "cream- 
ery firsts" of from 36 to 41.5 cents per pound on the New York 
market during June and July, the average during the period 
being 38.16 cents per pound. From October 1, 1917, to March 
1, 1918, the total holdings were reduced by 84.7 per cent or 
87,667,457 pounds. The selling price of "creamery held firsts" 
on the New York market during this period ranged from 49.75 
to 47 cents, the average being 44.02 cents per pound. 
