UTILIZATION OF THE FISH WASTE OF THE PACIFIC OCEAN. 65 
tons. This, it is assumed, could be harvested and unloaded at 50 
cents per ton. Such an amount of material probably would require 
at least two cutters and five barges of 100 tons capacity each; and 
to tow these to the factory dock, two tugs would be necessary. 
During the season when cannery waste is being collected, the labor 
required would be on wages, whether actually employed or not. 
Under such circumstances the labor cost need not be considered, but 
only the actual expense of operating the tugs and cutters. After the 
close of the cannery season, however, the cost of labor would have to 
be borne by the kelp. Any estimate of this cost would be difficult 
and perhaps misleading, but it scarcely would be under $50 per 
day. About one-half of this estimated cost of labor would be 
included in the cost of harvesting, and the balance in the cost of dry- 
ing and sacking. The drying, it is estimated, would cost $1 per dry 
ton. To sack the product $2 per dry ton is a fair estimate, as a sack 
would hold over 100 pounds ; the bags would cost something less than 
10 cents each, including string. 
The principal expenses of operation may be itemized as follows : 
Harvesting, 500 .tons, at 50 cents $250.00 
Drying, 50 tons (dry), at $1 50.00 
Bagging, 50 tons, at $2 100.00 
Overhead charges, selling, and depreciation, 50 tons, at $1- 50. 00 
Total 450. 00 
Freight to eastern centers, at $6 300. 00 
750. 00 
The proceeds from the sale of the product may be estimated as 
follows : 
On basis of retail sales, 50 tons, at $22.94 $1, 147. 00 
On basis of wholesale sales, 50 tons, at $16.45 822. 50 
An estimate of daily profits may be made as follows : 
Retail basis: 
Daily proceeds $1, 147. 00 
Daily expenditures 750. 00 
Daily profits 397.00 
Profits for 30 days' operation 11, 910. 00 
Wholesale basis: 
Daily proceeds 822. 50 
Daily expenditures 750.00 
Daily profits 72.50 
Profit for 30 days' operation 2,175.00 
While very great accuracy can not be claimed for these estimates, 
as they are based on experience with materials other than kelp, it is 
