Source book in Economics

Cover Source book in Economics

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: jfS IN FOOD al jj i' I farm products and )1 d by H. C. Taylor |f Wisconsin Agri- courtesy of Pro- diagrams the fol- interestingly tha , the problem aBir|| of cold-storage in narket lends it- ' which influence atages of the anoual i in the quality e characteristics le monthly dis- 1-. The chart shows ion gathered in

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each and April were the production fell off I U ached its lowest level £ jlily well the story of where the keeping nil! wants of the house- Snicidental. t' ' class eggs in the Chicago , 1911. the egg produc- larger proportion of E, but the bulk of the -conditions. . . . Egg -specialized industry bciably influenced by Uy of eggs upon the flitions of production. Us the weekly supply Jry 1, 1909, to March e maximum in April end of the year. ixket shows the influence of the irregular supply. The black dots connected by lines, in Figure 2, show the price of the best grade of eggs for one day in each week. The relation between the supply curve and the price curve in this chart illustrates the influence of variation in the supply upon the price of this perishable commodity. The fact that the price of eggs in Chicago remained above 20 cents during the periods of greatest receipts in 1909 and 1910 calls for I APR. I MAY I JUNE I JULY I AUG. Figure 3. Storage of eggs by a Chicago firm; by months, in percentages of total annual storage. some explanation. The elastic character of the demand for eggs has already been mentioned. At a price between 20 and 25 cents eggs become an inexpensive substitute for meat, and at the time of the year under consideration, weather conditions are usually such that eggs can be put upon the market in good condition. Under these circumstances the consumption of eggs expands enormously. The s...

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