26 
BULLETIN 75. 
or spelt at one cent a pound and pay the prices which pre¬ 
vailed for corn the past year. 
COST AND PROFIT. 
Table XV. presents the results of the experiment in the 
dollars and cents form. 
Here is given the cost of food consumed by each lot of 
five lambs, the value of gain made at six cents per pound, 
and the total profit on the gains. As before stated, this 
profit would be increased by the amount of the increased 
price of the fat lambs over the original cost of the feeders, 
and the cost would be increased by adding the cost of 
labor, interest on the investment, etc. Here again the best 
results were obtained from spelt and alfalfa, the total profit 
being $3.04. The next best results were obtained with Lot 
VIII., fed wheat and barley, which produced a profit of 
$2.30. Lot VII., fed on barley and alfalfa, gave a profit of 
$2.02, and the profit with the corn and alfalfa fed lot was 
$1.65. Lot IX., fed wheat and spelt, produced a profit of 
only 52 cents, probably because this ration was not well 
balanced. 
Had the corn been obtained at the same price as other 
grains, $1.00 per hundred, the total profit from Lot V. would 
have been $2.86. This is still not so good a profit as was 
produced by the spelt ration, but was better than the other 
grains or combinations of them used in this series of ex¬ 
periments. 
It would appear from comparisons of Lots V. and VIII. 
that when wheat and barley are worth $1.00 per cwt., corn 
would be worth approximately $1.11 per hundred pounds. 
This experiment indicates that spelt has a high feeding 
value, but it would hardly be safe to recommend it without 
reservation from a single experiment. Further trial will be 
made with it in the near future. Computing the value of 
spelt from this experiment, compared with wheat and bar¬ 
ley at $1.00 per hundred pounds, it would appear to have a 
value of $1.13 per hundred, or two cents per hundred more 
than corn. 
Crediting all the profit to the alfalfa as we did in Ex¬ 
periment I., we have a return for the alfalfa fed to Lot V. 
of $6.42 per ton. The profit on Lot VI. would give the al¬ 
falfa a value of $9.48 per ton, Lot VII. $6.77 per ton, Lot 
VIII. $8.00 per ton, Lot IX. $4.19 per ton. 
Comparing profits in Experiment I. and Experiment II., 
which cover the nine lots of lambs, we have the largest 
profit from Lot I., fed pulp and alfalfa, and the second best 
