The Oleomargarine Bill Hearings Before the Committee On Agriculture And Forest
The Oleomargarine Bill Hearings Before the Committee On Agriculture And Forest
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There are several refineries at Louisville, and there are refineries at Cincinnati, New York, New Orleans, Kansas City, Savan- nah, Atlanta, and Memphis. Mr. KNIGHT. To get back to the subject, the oil that is used by the oleomargarine people could not at the outside amount to more than a million dollars in value, could it? Mr. BOND. A million dollars? I have not made the calculation that way. If, as I figure it, they use 100, 000 barrels of oil, that would be, at, say, 25 cents a gallon, about... a million and a quarter dollars. But the oil which is used by the oleomargarine manufacturers sets the price for all of our oil. We estimate, in round numbers, that there are about forty gallons of oil in a ton of seed. In practice we do not get out that much. So you will see that a difference of a cent a gallon on the oil will make a difference of about 40 cents on a ton of seed. The price of seed has been reduced about $2. 50 a ton. Mr. KNIGHT. You mean that the value or price of butter oil, and not particularly what these people buy, sets the value of your product, do you not?
What to read after The Oleomargarine Bill Hearings Before the Committee On Agriculture And Forest?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Agri to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
There are several refineries at Louisville, and there are refineries at Cincinnati, New York, New Orleans, Kansas City, Savan- nah, Atlanta, and Memphis. Mr. KNIGHT. To get back to the subject, the oil that is used by the oleomargarine people could not at the outside amount to more than a million dollars in value, could it? Mr. BOND. A million dollars? I have not made the calculation that way. If, as I figure it, they use 100, 000 barrels of oil, that would be, at, say, 25 cents a gallon, about... a million and a quarter dollars. But the oil which is used by the oleomargarine manufacturers sets the price for all of our oil. We estimate, in round numbers, that there are about forty gallons of oil in a ton of seed. In practice we do not get out that much. So you will see that a difference of a cent a gallon on the oil will make a difference of about 40 cents on a ton of seed. The price of seed has been reduced about $2. 50 a ton. Mr. KNIGHT. You mean that the value or price of butter oil, and not particularly what these people buy, sets the value of your product, do you not?
What to read after The Oleomargarine Bill Hearings Before the Committee On Agriculture And Forest?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Agri to read onlineMoreLess
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