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Pricing efficiency of marketing beef cattle in South Florida
CITATION THUMBNAILS PAGE IMAGE ZOOMABLE
Full Citation
STANDARD VIEW MARC VIEW
Permanent Link: http://ufdc.ufl.edu/AA00004954/00001
 Material Information
Title: Pricing efficiency of marketing beef cattle in South Florida
Physical Description: viii, 128 leaves : ill. ; 28 cm.
Language: English
Creator: Dixon, Louis Vernon, 1927-
Publication Date: 1959
 Subjects
Subjects / Keywords: Beef cattle   ( lcsh )
Meat industry and trade -- Florida   ( lcsh )
Agricultural Economics thesis Ph. D
Dissertations, Academic -- Agricultural Economics -- UF
Genre: bibliography   ( marcgt )
non-fiction   ( marcgt )
 Notes
Thesis: Thesis (Ph. D.)--University of Florida, 1959.
Bibliography: Includes bibliographical references (leaves 125-128).
Statement of Responsibility: by Louis Vernon Dixon.
General Note: Typescript.
General Note: Vita.
 Record Information
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.
Resource Identifier: aleph - 000422551
oclc - 36794438
notis - ACH0772
sobekcm - AA00004954_00001
System ID: AA00004954:00001

Full Text


* I


PRICING EFFICIENCY OF MARKETING

BEEF CATTLE IN SOUTH FLORIDA












By
LOUIS VERNON DIXON


A DISSERTATION PRESENTED TO THE GRADUATE COUNCIL OF
THE UNIVERSITY OF FLORIDA
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE
DEGREE OF DOCTOR OF PHILOSOPHY












UNIVERSITY OF FLORIDA
June, 1959
















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States todoqr mat Is gvii a proaoluot pa Ina the distb* & tW

at dolxrfm, smor spend rae mm0 for wat t a for mtway *r

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ther 1Isma vise, cormmuon tmad @pod s wm for rew nio6Me end

pwrtUaualar best.1 LtTtock produsrs bheyM MrpMnde to falsa iA
oasarMr upsditurs for meat by nevswsln the volmew psmebd.d ]k

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Na olvlUma psr sita oouumaptliomn r3M.a 166.7 potid. Um t

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wasm b eImn e best sodon"m lo to& IPeNhod mes

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Is tQw Wl.saf!, i eaam s vSn Usos o estltat s,6ou
p-o c at beat smd vlUU Of tMsI ,ppoad-tsar 10 per eI or
"M1O@Mf pQIda oi2d be frek aomgoer d mat (ntaba 3, fooU btz
f). Proldatla rIn Flia f betm and veal fo r freih na* oe mant pn
io iatata for in? at %%,7Slo80 pow& (Abt. 3)* tl, qMUtIr
arnnt f11u som tha r n eOaast east smnsaia rq-iiMeat.
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oares of the wmt rss oatti~ popaltlar in the tate (PIg. 1). NOr
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son pw s st trive to put a doTgr at finiah on their ottlt tgo
bulk oft AI t1e f2hp tetolnetren an lnowr One arnl-n ea smsstl
wd in tit Ubueeftav of preseOed Ist prdio VYts 1TtO UtLo lm
Cn4ds beisA mdsw t tle hre "- mat sa s sofa tMA wglest fit
I0l mNQp w mtar ee>d tbm mand (I be Assmei br Mat proowooe, bn t here a lM upp3 at smimol or

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---m-o ,- tU usbf n=rtheSt IS Ostlated at SPPrMaateI p .
Ipmsbd poftte ASata 92 MoB i -w fpto main esm--dm fern
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gpwed bw dm amut tef a" lftaLs mo 4mbss au w*w
podo beat admu el te In X"S4 ane OMMA thwoo
&SMS oattime la I t latu Isa v, t a tpl 4mi r

bonetr t tg M deno fieave O"itab. Primes for iS2tl uMawh tesko

srtlemst t be i a dsM. fwl n f surs t M noUaatmobA Xmu Se

vW4t erUtp evtAle plotw onm uint me3r vadade Bww with

alib ds 'WI et p11" wl aoto Vu &* aLt mer g iwt,.

trodug wow. jaeln tog IS tMhai ot equV la tso- tf ho Iwri< thw

room&* *OR*" Via psrte quotd vu *lA MS.
La Oar MUOSIO 0 at ps"gI 2>8 d jIp lJosevwg -A

.u.uwst.a wita xte insu wfl eIs rtimsn Ij Lttetlhlg ItataUibte4b

*MM -me -ad -emiml -- 1-mw -tS owes"" a"
-sawa -Iped esbset tatNo pofrti u alv to the staroblet




ftmtl s even 4r mSrtti. at cawvos hou waied a& qpd
imo t ag v 1w e ra* SivW q."tble pris tefr tbeiw prWrto. at*

BHPow tf-M fld 3HiB JH1* mjttp lJB~tHI R I *f ta N
Iball al JMMM Man (MW Tafk$


_ ___ ____ ___I_ 1____


.. -













tM~Wma ir tubst ast L .it i sM w ats
.A0Iad a IpMrPW mooelfWtU a plo al s abei at q A yj
U PiMUr m thae bmoamo at mP unt ag to ws NOra *ts i gl|
la Mllt dlateoi trm UIsdi 8LuAfR I 66 mm &uad* of a, -

a a Om ap.sbw 0 ospla at npw pbs bag uia, a$P 1 a1 #a
Mal a-,aae fa aheut m s oesne IDt fw No *hu Iuft es1aa a s r
Spe at ndm wa u boet w1Minn1-34 tour m aatlmd betrr pew. 1
oemtAr n t La tt tie bin tt eftft dsTt est ,f rit 1La at
Uf eqeta pn tmk1 Lb Wfb mrtt dt hEhetsIrt bee Is.1 b, ''*





a-f UtinblbM td nkuf fi", -.Moral "uU uo tthoun wM






npe, ~ maee e arE t inWsrnt qamasm Isa a tamnt wIso& 9er,
mCaw, o ftslhau Ofi a ip a fiwt, a t fot so ota .ft ralftl UI


lW Mi re t t t 0mU Oatr be itbnet taen"Aa" at





m t rt t se"* rt e a "M -4) tnlo. to to"












be Owee l1. ft MIvtiag eitusti*s. ea qdiB wuAf.
No atueft to r a eefmt ammulsa ma6 at ttfe 1I6 1 ewtuie tea

rm 4l SaIiy -~A -s tat vsMrlte as pBmb3t tMiaa rf wwwlvb

IRC~LI at~usn

as ut*N wed toet the IUs lwOAib lau be ta t
(&) Ili f -- --rir-l 4i r "l tv piles MA-l
for reet msir Oftl Lt *afnd Uol iS a tll mim"
awhat A I "

(*) &*$Wuow tWe Ntaes at oemIWMs tt estte al


th E inu btel iSID ~k
vis Unrr Saw"
rMl 4-H~ flBB-M9lwS
(3) omman the me m s ----A felonill s priew usiv


t at te Sat ohpU 1mm3mo



3Uetesinmt* tte to helie-ll -t pitst -' be3 ofU le '4m h *We t a ettlein ut piamin BL0 .lfsi
veiUoh o"l k: uw e ftv3sc toiMmm so"p a -aINS iLa
lv IU mltbMLRe aumrs


_ I __I _1_ ~= __














CMLPE uX


A 70NmaLUUP3X ?O B1R0M3 AND OLATII


so m um fr gf' m ad La uvwtolk tI Itaw ad Is oampa

of mqw flp"MaIl m*totim aweua KEpt fom rsquirmis Puma
taalan to usaltatua amd bIthe tire ans latestte triam tsrw s
to ft mo wt oC NMt A sola and meat "m VtM twrM e apgI

a d am twmttia tota"Uc sw U&m s tr osa -ti.a

nljr .inJt tIm t Ot PrArtrs la I& aMMr tWsIlf tOwiS a baUaM

AM$ -alftta aras.

?ti~tt- L' nx usfta meat Werea'w iaaiMd Is to pa'-

fftLa oC food PXsomfAqu by ftrwuinu and tM drnlapit of fatwow

UlIMd soan ad ator tamuos Wth am stmas gvoI of uts rtir


WM tNe am "satae rnwMt. IMtItIsM Igolt tI bm W a"


VOItetta %W na As tresla IsU ar aftutm m ot e uf iso&I

0eo.Wtmfn m i me NO rit Cr Ulvstsk asA meat vWlm f-m
tim -aAtl qDruImt1ma of poe sewtiLtli ama omettas reidmiw

to tI war O-O s tU1..gelg"op t.o prtim at pykeuis. "Ims, oeew

-atr-aI In, ta mat pakbia lSadwry tsar t 1lass thb tt a% ttS"
*AuBg tie pat fty years (Tabul 5). $alw by 1luqiemint hsuL i m

In to kiedI States Avamesd 108 per oast tan l9j911 sarnwm nIti&

19


_ __ ~___ ~_ _______~__










rIO








nus soMM or TxU, OOMMIaCL 1A/UOm N
moua law= imsr IAS a c or
LIIRSUOK, FOR SfDLBCD Mf,



TO tt1 CaLSU "L Isp

M6 53*9 32.1 70.1 a'2
IttU 99.5 M.001 66.A 1.47
929 09.9 ,6.9 70.7 170.2

236A 16. 1*6.3 704 1.U

419? 38.3 39.6 67.8 hO.k

m 30.e 36.7 58.5 369.

w I '. 1. .t.Ullx MltwWw 0oam In the Ilnt
b.1.mW1Sg hd." y 5, )Ay, Ilwsl p. 329.


4'
C;












a 5 f pew osAt dsoraae for paalr brano houses (etble 6)e
e1a mat hlaslung lodustID Is om.prlsed cat swr Vgpe at


etsis eslpP ji eua tet sMatscotr sun~ staIse

4i dbu"atlr uu,4eesi tao p MtaMws aiftr ut ther selX bomn
best mde mnls w lem -sold meats, 8mm w eLs bS *mhw

mes*ess lIt parsls ote fow SOU to sdlove wsIn late oats drow

1b bnsle "ad '-rta Nat. fetism OW aepte a bn Mses. a sewsi

ettae, I iws ,ma theft no msormas ohe L eM tf mswrmseas a
slaliew (Pt. 3).

OMhel stwee emwptu-Lme bir muesses w ed ml n ets ta lw
v- and pmrnl *stooa#g soleAms$g. sad iLisbstr o swwSes few
aMbw stame. I daim se OW r b oeszmsee dirsaowet ftr I$"l

limtwa w *"W" aeuvL Via om ehr -eyr IAa the "a-s i*ul.
emu imbets few eMTWm md "PiOi e"tU (n. 3).


bwe soM aM stmewag was and psepsie tM perUlelar sate V ti

frW tAl, IA l tSuda trad,. sub o fim awo hum Is tWo e aW s Irs
depsado irst ba-sT e 3wb bSw (Ig. A). Ainig these bol


fabworAtm,' sad fritll "pW bowu".*" xme twit T e""eww


I-BMIAM I &aW, As- 5 1 uft" "i
=Fn 90# Me emngtm Qarsnnmt rating= Off1i", PP* Ht.
asz* *..


_____ ___t__ ___ __~__~ ~___F_~__a


L __











sum 6




awMa

*woUPgsmw ul sol.,opot* a4$09
B 1.09ke,, 2J O I6

ab'th .,],5, ,,fll- U,1. ,1!.6








Waftgpass. 232 e
woSn nu1 13)io9 ).3 1o M6




%i 4i4 ma"lJmts l0k 22 M',s l Pt w it emo bi o


Mm~ nsuemgms


- .i -~-.; -r '~:-;--.--n;-- r----~--


















, ,

vy ..! ,; . *. ..
~ -v


?. .
r5



'S.

ff^.-3-,' *"14^, *
-^ T . 1-^ a

^ ^^^^ r;^..




''/ V -'. -: ^ ::^ .


"'.. .4


"h:. w In, t~depende






. -' .- .~ ,ai er

t .


3 le ttlrketing Cmnnelsc fo


4 o f '# P U ; -; D i i c ~ y ( A r a b i c N u x b e r s)


-. .
S ,, P'J. ,

ai~tA-.(


r. -


, t ., i *,y,


f.




---------- --- "W^ WBPN







9f amr 3~ O&- butf ai-II Im b te -a"t a nUei
ftsN84.' W ~-Sams bw ampumuu mI sesq & YMSOV, at
fvr--I -ea pnN~ts. XSmr -1 aally~mw) to SiadM^pt matmtlu."
*mw mas" wesu# aIi u P*ste. to
't~ ,. ^ .a < dl.> lhni 4 M. 4a IV


w asm UwesvwS.J as bu "OuitfUL a aWou

ow 0 aw efimew t ui.Zt ig spmssassto hi l*do S
otw UIr e r owtut mt h.e me fma .l b


tbd~.ear ft m plno (U&e 3)o dBII O Wm*,s to bl. Nlm

to Sme"* w *.a.. 1 0 isihmla- b" t iw dQto W
"d 0 1 0s own"4 amsptu *t.peIwo s o dsltmwq so "s ff
ot tm mHUt *f-th PAW InI -Ii irM media "v we s*
amof m ue~a~sleakkto tewsbmpsaM.. 1-w~bo At tee
tmit Li arit o t-r sQeti r I mo ast* pmwpinm aN
the 9 -PM o -taI (14.3).


""am s o" at vimm I. A&wpbr a" dos(1 tt ""&

I n A"6 a" "m to tme won"tast IooumI& fLt wor Its I
tm ir0r anM ad the (eo a)t o ustums msg PeuIi to "~O7ff
mwwOs I tas Imuimf ispaL i Mam .Mt sot inter to to.Imt
-- -M -- ---- 1ftM14M^A^^tAl ^^*IM ef*^MXf





-o pews 4wi t *3 fa slA



pt,) Ccr br, t
~bm e~lap kwlern ),


_ _ U










2%
bft- tU & *Stap A at an -wo at blwe a-ad n-IbA, ft "M
#9 gixq# *=Pttmino a v-rto*ac #*imfAtu WtiAM bo*rlf

at~~~ f*~ 1*Mi'g 4tb umds^Sm
*e dfv ,*At* ic P, VM S tL a, q a
meemi nmMi >iir> Ua( fttm Ofte pAti fwi aU "
bo W Mekw4w tosim tmiieo v*.e 4n Qpinip hum1~



IMI Iffifia ot he pro*$ *Ad t
we ^ eire U amwti tai t Owiu et o I .a "W .,s
~i ine aMiit -, *11 udi-Md 4eai, a Mid n~bto aCi~tj b'*
eil a iaatlv ul wtd ,e * miM -irLes '* .4-
be 0 c*ai be) a lem ognui t4w s-b be -

I* as moo lotelf ftuq noers at bkqs No a"1 Sp 1M
10 Aft on. emtetlr at, at ltwo9W Mm I**l o -
i&- i, Iln u *tawwt aidr m$ vq Ub-w an AIUN ftoft tiUS"
eys^Mrt -idw m hIgrh1 .s-etCtttf --v. m9sa ft Mall wb
tIn .tfiU Sla tMo Mbay san suh that S a at tmiem2


.im)&aire IsC rS. ama .19er. uimswc In wmi -ianuNo to
Wia Sawlo go at omemst Wl a &Oisaou GIo a s. 3u mve Isl- SC
OWvAMsB i Ws, 4Ma 999C aaInr Not "t p iwmllg*d


VI c i m i- i have be i=dt em *UtI BtMW I mt u pl
Tog 6i SAM gomm tily a"~ 2000 t ho bes emMwse
at malt oI rUamew the vmejr fsms ENw*o ne .f*. be W
beeWM riM to s*mRt tat mewo pad's wm a be iat Pu-s
kmt M"tAlfted 00*11 me 1h'f obfc -jiM- (tfthrnf a&* ^ IM law

s NW Se. 31), pp. %me in""*
4^


- --7- -- --










26
ytm ehar Lta2 f enI .& On gthe amtmswp abetso Sten b eIN


r1.O. to siauft plmt App.M.l*r tt me, M Attp is WAR te

BeeS oth the t q C tee "speare pudet toe euk
la Wse sad ums.

1k ULvestesk i asmtd w trmitpent b md Stasi R t

owv dlog es.l the Mict rate strmstu BHob it mal 30s4a im
bUk to SMip Mftt last4 Stv Ue an*sU*.* adIn .tia te tSt
Lvh xzete* oterh tarifwr t eats ar mtr a with AMzixag U1w.
*stek. rar sa ma, the e0eta of trLdag and Rteuam, s"aist lwab.l
sp* sad 2amem A*I dathe Sad slipp2PIg rout be emu dW. sla l
mtt2 f mIll 2mg iaa diii ii.ra mswp2w to *t&fSt anr" br
*sA ft tespq fMuatiAg pMaMMM b Obgp skeet MSIa.Ru Mab
prite at sat a thIM doeit ams sr Sa Smrn3 lVaw pu40 r t eSON"
La the mwlm ir.* MImu mti Is Ov taspertbd mW eari A" at
2mw es t thml attu*s the PPrisme at essme mid onto an mw
lIr to faet the qspata eAia betotm as a dsatt

In sm. am T .409 IS mamilme

mas *As, the ublslas pien at it are diasowsr art two
uvsu st twndag nmet, them *A the wi hsseluall U prime at

tu xm, the Ste T Ote pr ONu" "n o3b
to MLmat i *03 rw mat Mad "4 etr liuvStSk. If a lit Otw
SMMPM 000r C-eap ua lded 8 Par Mat, th" lrile*s est dof fipi
te musswa ta Sam C a #TS aimi eSlA 4 h ta Ibeaem9 'r P4?. 6 "
m m for dre iausie s.


a

._ I1____


I I









37
IUWJ fb= prtlac IW WMs3lacg UWsL SgU fle "I itlK uMd tt
sto lsts (2.w,1 nI1 FI. 3). 5w.l, tirmn is tVi 1i*u n
byvhW prise as di uh eolmws amd eaol arm ame by or at wM
*looramews ada pu-sir sel (lel ), 3&F* ))o
TSo etssl Lliag pio Will Udiffer fro t*e ubssle2
bqalg ppmo v tIJN v'as of tme rp itp os I sutol e .nXWws-
W tNo no.M thms w bnma om. biooMw, t, l.th aslieiaM
pima ad mtala atem pf"omla m a"d nme of the UheliaWAS
seinrsle fos' tMnbM te m bolm-rmnesh p1i, m la hr. i* 3)
IS bednAg USM OU -0t*030 oan" as smul a ho f- am a .lm ni.r
abi pudfLt 49 teri fir h bes $m*MIs in wo sIuavs, the hol-sls mui
In psAID tit "MTA be Sdmtifi.in aa -sa liUb Uad woud uso
pwat a a psUm tis th tom tl TO tdAetl1 BMl t urf, la
the *si" tiat Loumes the 2e2oss mlllg PASt. Is t m" n SM .
Bwasa tedher In SU puts at ther oautqr s nla sah sBM
.1srtm Wit ea Imtt tMi ~urs t l avl ulMlsmb mast PaIm 1t
matisil las sLe imort f satiemI w-- tie Io reglual aid tomaS
ad astilMal psim onve their am prts rprwUg sarIrt sm la addil
lif to 14r t mwot man repartee, Sa tn rm er t olmr ad
siedr se Ivems. frstwos ell, al laa bws ad soln.s mO

3%=WUUtiMW Mam t1n pdeBt p sborn at the Tiessl Ms ag
lvel Pu ntLa utw bgnAg prU estisn tme t tw o"int ift
,tsoesms it mat soM la w as vwae Mg seam amd
tliesw, Wt a rat si wlatMs ar aveluableU Iw 2Ni hI uPaS la tIg
1. 4.& with Lve or mowr mts *old 35 per swt t tom nat. Slaos
004 ft. puomtaP Is *toet ewbaLa to Bev iLrwsds.











1t4r0 u-n ot the tfphos. In aq Wh aem pMloSS at the whoeioou
bwbla evI em g mt fm ok wt th te satmml iftaetim alr
url Me. S t ve rtms~mat ia mat prlesa bertiu aw
plus A*dlst Swas *osWi Met dit3| at tWe Iwubuu bVUtS


me th smiler as mu as the urrw m Uas ars x sal
pilwsk mb prVOdum -M il SaUseews and ost to ehtia tom l mato
heidesls biSu $00t0 4Uiter with sqpphi avaUable f ro ~ otaer
raw* As & SlUr, te leal p"aflr OCMO litf 2o0 9lo4 OWtW
les eldI itb b" mtL-e ad resala p-eb oMadls brns alfmt
Ithe aS a d with mna distant amsur of isp3p avolrible to &*sUr
sale b~rs. As a braw ft .attl tht Ioal pusw Oetta s M am
oalr weerl bw" la a ew*. Ue u i-adiliduu fI marsatlipia
a shmow in adPsing paLU, it is smmmtet easir t atieiapts tha
rstis oa at S w xuthr mthU a s oqtts. t ali ll a few
tiutw usa Un tdivylmal fla m PsUb eIsM fm -s -mrims-- to
aUtltit empiytits-5 roawtlms quite ss arntl. t di r Qps*%
tle m int We *h psmhk sw mU Nt is n o utive them tam
mremtR if thrW Ma br i Plm ht hmps thW ja im utimal aNet
fw mat will be flected back qv~i y to the lwTteSh preodues in
ow p sartl m eaa t I f ta he aa d.Epttm nl d-t ---s

the Uveutesk )ewo Is - g*ed

0 ISp defilt 14 the pAwulios aSt

Moor peIw at bee (bau* 3). To mt veto" tHe g emai












etmr-a -wt psmMme, md other lwholosu trdsi t tmnm to Scl a q.

arCIqrripbw 90 OM,1I M &w -bll -ISAO"sAM an iprabuO A


lg& efiSM. -t@l Mmtt MLw %immWe oat InA *hMlalg tMt
izmslmft pGMe ~a bMi fm te nmwstmi auWp~ar xeaL aIo n
traatw eaoftt Its1a brebisl 96*4 ant sJie and bi-3a hIeMM
il a oddioaR tU t 0P u'totncm omhrulm
tM -pmrDm qsmut thAir am sumuhIdpa 5.4 I
mt .ie e, pm sthMv puWme aemw fmie owplm arm*, w t WiS
m .wa the t... plA.... fte..n so. ati i r IIe tio titni ea t in
.oiom" ryeohi tme u ri tria a em Weoeiw. toa, out SI the wul
Mau bqIme awatowd to isWbes2 Iateo MOM o at
l.fl& a S the mrints tM vbhol-l bqKias Iuss aa Gs%4t
ee tdte t sual tWe Pr- la te snplmu axi pi- ocsats o
tuelstw to tioM 69aL&t eiam mes s 16ataB 38 a" Ia

Qfutmla (1) "1


Irm Pm ie the eomptittb *.iUes4. b* wrrs Ped Pe is te piut
In the rwpl- are" 8a is ow tumotr satw G"tm rr&a to

Abr twvtur -Jr staute ftmr WIft the 9oDbJ. rspats
*ttUatd wle ft fad an Ohf XMaa xmioll minmsmft XInm


3^*h p Putsw So pammteds as .wulng to bog ear
vMl- It tll rLUMrtima tht uits" n the Q 2 wme a3e
l -ti- Wrim ets w iufamoXU soft st but* KI t wssSb W
Pa" *SM*~ 16Y CWY~- rI










30

4otloit arwm. 7r lak of a better etlaatO of tnrafwr cowto tat
freight MtI froi ChMago to MUL Si mtititd Iato the quatiom

to etmatet tWI estLtive 1la30y bqihg prio of uoO bese Ia


~nkomn prodmiag ourws La their plants inour sots af

prodatiaam bt the va3w of qprodtmt tran the awiUwgita g opuntima

eMtiall3 wr e ltr ly otffetu taew *emO (nloluning xutum to all

aetw.)35 I tim bIpwodwt valn cowered the pamskor' oset ad

rsios, 'loseaLl sqppU of atstl deUvered to Wlad pMkag plants

voUA supet to reolve pries I70.B. ploat (Sthamr earams WPdo and

VIhg or its livewaigt eqaivlmit) equal to the seovatiltve vilam

.leaN-iy pri.s If psoe s seats snoord kprod nt tl, vae, t prlin

7.0.. planet wuMd g eo be llw by tt Awt t. If bup4IiuSt Tvlt2

inors wM i uble ooet. and retur m w mevApd thM pries 1*09..

plant vld be lrger bF that %MS t. Si* orw it piaso Aod

ar emeptual prLta pai Fr.B.. pl93at for lvistook purshaed om a

i 31lwdM piI asrI airt thalt OtdIr prila n p*oluls w e ~ai
w the iwslls periLes a tf eoWmse ad oeto quoted In ti eR
frteif aw dtily trds report, plw tnaa rt=a a on
ai~ftit- to ir plant.

AL um --ipl ofa a smrIb4emI lees opEWoMsI bem w l pd
mrMatly in nImart4 as oa m.equnam ot cattle, being ul.dd trm tioa
rsrtot to btd vqp tordw* ftkw, fteMd thwo-re o litL on Of weim ,
M4ur toeiwd to bmeal their kU floom, but ft d to opert, bel
lrftabt e -ep- tos bsmM of a rtawo t of mas. aUthe taM
toIaatO th eil oal a0ptof tl 4kiU n rd waern pases Ieret nito&md
tadir r-, I o mly at fa law ead at the tame titar bid lip the
proie ast In shat Ioply In an attpt to ealatala veblm eve
at ~ -- wM.


__











eIMus vdw mad met& besis is deflned uas
the O-UpfttWv wrb2.s3.bug pr, Md td toe theQ st
Hboifmtr t>u vhau oP tae v o itw am thVe punt of
ot pr" ag a rwud xs &mso tM frm Ult mII
kpmWM4 in qlybJI the e mptaura plNt Otr be wittkm U a s9o




doeI OPp s teo m P tal pr OLt tSt O plat P s tAr Vm
FrtWe *hnuai1tmubns prOI- fI watt of urinwj 5 r Is the wot o

elaehtrwt un e,, i*rget pw wait of Oawieaj wd i3 Isr th um..rt
ViV t pm' tat0t a aates.r


"ba"d pl wPaUr dad sa a=lt (e JU4



Mris feor)rA yiulao a'r th vithU eidveao th on ath poern at

Il i *aSre tt I-n)A 3rItl "outoge a*r yteo Ustal ainsm

=Au (tat woo tatl (3)'p O aI*jau %I


a1Rsli fret the F. *t the pl1aat in tePIN**Li a *





tnvmserrtag miinls tram thl xeash to the pLext. xIaOfOr Msat.
iMintUa L i sad iLs adlsgto chess,, eM bml2Ssg (Mesh as fId


--------.-, AM M




-.I -- -----------,w-~r --.-a--v~,a


be usa& tSo ftlt tb m us ta3 priso at on astia s

*tothwM4 aai' nt, eptustpl. nt f dista. na U ipa

trw mtnt I1Ji ein rm nature o or"petlt im pgMotn g pI Idlia,-

ra wt tat ssoLu pstM. a *"tWr padimme. m cabrpt ix

tes -o f ocUe i aUm am pats isa I11 be usmtodi.


*r I


,~
1
:' Y
1. -4
;


:1













CHLPTB in

sm or can M wao rIX u IAV auua MO AU



.i~ttm1d in Layw mstoiag *Ituam ran g w
*MIna dhlX a spesifid ob-^at w t* so AU o ysvatl at s Ut t, '
Np- t ntweeadxt as one at eas* mrod abptsti o.ttla u"


tw 3.r^ Ot the .cgtUtv mciii Is eiioU fSm the yueyW
ot eW Attli at *t, pewat lms ter smie at OC oa*totlis us a"
ful omwlT a Ia s4aa sem to lis.
S quaf ufe te USMpte 4*tuttm imm t fwarmt.e ax ereol ppIe Ito' o

(1) Mw l =mIw fat bu-gwA s oU ars t be t Uoib
tht tge setivitiw oa zn uhale indivI4u ean-
M&t af"%t the miuht Pdoio

)% wgr taoa pualetesae aob h int Us gsiM a
hlmt tMet or for Me h purpom d A" mt meeting tum ft


se*atiti 4envei selii. as seainay bmutfttf e-o iMdon fat"
- efln tla ft a f-1 dsei wswth tapat hto ft iab3La of sMw

UMMdt'r ims elL appU to "po ost Qa .* u

i&NNW, O* To5S)$ M "


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(3) AU P es, 4e ,swom Bo vl a rimrsrb -me a

t hmUCeu about thb edftdLe pemvian, 1 la Us





) Vsdm osf ealiy sorcit t. tes bqs oar MLau,

ods of the inthe t ltuatigs essit prolws"
(5) h -M biena teded he ,,.aSrSaltS.- *L -a t, i

enm tro, a kpvrLear Sl2
(6) !u Mgt be ag pveup t teme e A-1 tA e

tno et nqy amd et n" Muam ftw n te |


4o1 4041lmft*wMtting tUaMUSI he Al1 of the ""uLit"
I pA .OQMVpttl.ea. fat stt te Mibgteqqr of sla~l fases Sa the
|ftst"Se he b"t Uehei m~toew ouzu thet pm eo^ttt -

as"aoi ls moba tUlj ttul a31 t& e bUsWl *bjetivew f ses sa ft*
beesd 0j4stw4es ae ahom ui a tut of shmpv, oa& Iis rM pyes
an r 2a.ml tLhe defry dIL an*r t.eo tho la apprqwolte squ2Oa, ms-ae- sad oftfUlesr
anf inmt % M tw inmar s UYdL Qfa to iqdiL aMs. 11e 1&0
eIlea of epetirn tio ane be4M as idMeLu fs wh preetas
ualinsu a alwed to dooiaft If s*tsr m omS mou =es ba"eMe
tov Ut iatf them frs lLhee to the idin s n I.

latla ties the parseibe pfttem fomr woe e0q1ium











35
wti be SMA in W e WAA4 MOW"sit ast attm," aMham b

am oeso Ma bl ailow an"w MAdW sMo Sm at 1" 1pt


se11 aue Nmawt XUm snprfat

*. * tl at pwf IsB 1t oorIsm 4P-ma an lom
sw m w- w. umda# thoas --U1aw owe
Jjis fi^, qgs'e j is W9IMmttl93f3 1UNMBI. BILQHIJB1W ** '
ftrilfaa -IT mw funi ood md pmtood tafr pWbi Idw Vovf
um W a., aa t hWI=e alLmA t o

Slume r.t W e ... ..... aMl i
rwlndlbe -w. ., t M msl .ftp, nA. is tja b Iet








tssMCJI Iba, a 4 i* Sn tir om* Sauw "* P




ub goo *rnAm m w 0

ohims. sbr m b~dew itb "l "Nuot o so hear )to
Ri u I bl lU r eU bi .. 'w-e b~w w te
prt&idlavr qayw aw ur rtvab 8Mbi pntemWee wbfrr- bre O









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am the aeh airdswam smbams Wo a



i'lg hUB f g gs eepbs hen beam taMa lwssr u tr Ar-
k he sIP~ Rw.h.s w. 2

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s*"obt a tMew-r mGU phir-oin WA umuS riIrt

*IIM~i^ w bkodb cC of Iawte og aOy =wmm polr -IP# &

is *Owl at No Va mqgl iw2&6

so il ta1 r.&M aittU 90b9th ?orif ltimUttoa* mumrtsc

uitoftoa w*U beowmS i s la1 w *ar u am 1fl (1) go sruwr at

b"tqW MA -aUM (3) tW Ofi tt. Oir.r r uGS, (3) tO pjririn

a lgs at ad"Oisto bodsw Abt was* ommtams, 04 (4I) wt .4


"M a i rfar AUtt *amb lafthRt nod& mt *rT

Saba* to omuAl"s it MW sonug "Ai fw lm's. no* s YOM Woe

GbOAI am" aiMi-s Sftt h |la i.d O(lf* 1)o 5om fm ad6

ISMb npsinr M%)14 att. ad naumw a mad l1s 2 "6 .

taf t ta t 1SbS f3im 1 ,08 of t pr tsm vsowu U ow U I3


mmu ad lj il& OB.U I* omuv *4 won -A" GI OU I g rr
MAW ftlWHA MWf IMIPsta lS WO StWter aMt 0M0 Mat

in U4"l b % aia NrIo Ito t k f mobWr at 3I0 HO

tMA ret Vo mma tl ea wlris 94I o al4usma ia U.)E


hwas ap t awwt an as mma se tin ammsum,
r V4 psy 1 biSa~yF~
(MltR~iMit i(_fe%%- Pa Tb* X put I3 MWUt sLh
mwoL t irbt 1atsnloo iC omasmf pswsin y w1 lviiutmrl


a lb )It ivwba twow map"t^^ ON fteur an



Adft% Ass0*ie at tate &UNVO fJA Wi M ew 299
a&t tus e*aron Met* k oua** 06"Web uhw acJminr^s t" yta s1s


St.
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on wLas cc %a to aUlm aldstM a ti& sa, rr.ift o lmM
gema Ina oUl gfqltsmltil ept1Mw amae bqw'.t I La It*IIf

*W OoM$ to gsmUate t8mt on Imaaswtlvo tiding aOUtS Iwp.


It .PW omps itv pooW, *In ttht m*t tim otte oxtil P 4


wo Oy asutv oeCtg in tim im b w b~l w to w
--l Msrt+ r IMMMM tbe Mrtt .nI s 4-t tiMl =aM he .mm/l i



tm imv e m whi tbwm loo mmo low*mlw* vos3nkomm ot,
"a ~=,i. m mmmm *m *olms o $*bu smMum

3 0a0rtit n mam be m V at om.t ewaeat am A.r n $nost* adw
MrONtS& iPaerhg fa W pww me pig te A No ww*

II t st m pmsim tot lstos*sAe im el ism i u tim
a1) ment vslmiws u b.'Ln m I& slad .g AM


At wnmi a Nllm* w IIll pmd to amy us -l a Aw r WIA laM K -


at r ra pU soldui prom &M pung s Lam t Im Mdns
sl*mt iinl iee "rn bqw, I"th lMla n- Lwo MiM amr L
-40 oe L rlllag gI atons be amm t- L fta s e twi



eSo Wows plmte ow we Wo As 4.ro st Ssia
Mo I"""y lnstsl plat1 teim W16 .th pamt, am aime9 -n

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ta poatum te Udamtsi. ktwri. 'My latLSUM a l te Iqumr aVof W*
oftSad 9w sfbr As ar ve, wo puvbp qgr mq 4ri pr ebm *WA be
aee It f pro"*" gm awe oar*uA attitoa to p~wan .I1a m*


1 G r nIatedto to MUO 4 0 0
toe Nm ia iot loxda a ftei pt silosU ofd t te l 4 pra imt
bnad3 U tasr li&YIv lub soo p loat& mwf j aim SC p''
bou" opnts no atLwh2 van #*tmxi Xa aR. pfmsu1W ain
laftg 9 d A ef taeb iImm fe nda S mm mi fLwr LWor r-e
-Man 9t of ln ifml3 -it.1r Ism> Un aan e ef*.ti wt- Sew thI am"
niatw a w i 4 rtsM. ~me aaWn iSU MV be wi W aM at wdl
eflwb)t. to tOU M43WE, but af to no ALt$ a) qauo a* =al-w
a-n ViAg toPW M" iL w*e Ot lurw am'A s rw af tl am--r A
OthwP o heU Miy fttb *U1 t49 MBeieng pi* em A the WA.
'ffwi 1 the 2w mr bataf 4tilo>teg.
Dta oe wthe aWs omf antf, ,3soaubtr IV 1iNana poo a.
faiu i ei flU'S a*a smnldmoat&3.Mf^ O4uuw' wo tM uL|

gis. as dotg tA& pmtem"4 Nor amblw lPts a tuwar ume ftaA,
bawl, the umaSMltl of 4Kiraatn ta tIx mm ulilt. ew'taQw
fiuj .rIairl la prIs d *sus, mee pt. rt, a s' A3y3r q -ettl,

11B11 Ialryigt wf wa *eoaw .flo ftg a m se-
eIIttwI Jth te grlpe f oatitio $aMt wesqndw the .calgsi
Wt law'gpinle W tr Ia am)g mo" a fiss.
W*llTr 2wbM* tk Uw am uMaX tag &M two *W
11013 weeu is the M atut IM* d*a- ft. $a"lai la


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3f
di2 .t*,Un &lU2 all x- offet thws >oet-mm 1m m
the sMst~t mimwo is diffl.4t to mttmta. Oowtalavq zNR


-3 lM l- disd by all biag ftum be a"m 4"p"t 26u" i asto, j

OrR 90 ~ budo &oa Gff a st IMP uwn at WS am Weft W94-~L
Omu te4 pwnme aa offr m1 &aU b isrw vr is tas e pbTetm

0- a brtoa-tm2 vfljstlSfm io Isa3sUstto ia the ikyordir, -ttltf
it Is Arm a urutt *=aition to toe rioodo-s*
fteIa wsteeh aAas ipwsm:dte I
a ttw qitatwte f puear eOetWtv t"iding *o ols0V thea
oUly pw 1 irnslt pIftw. PwsfinbItyM sh atdBa Sadtutdaarlm
mbftor *"a la anus .tt8* t, hrmA', N^tMtiaa at ti
oall .1duft WIU in a bwqtiro --rr- trrfAr eR MAW~~w.-
X be ab* MV u d* VO t asetl* irmdt orti, b e *0
ftm ads to slou MquLa, swpeowr S ormisdp m4 m ma"mtlag gp-
IlUrt at a surt. breftwao an an '14e U toc a&* Maweti an*

rtur attutifM. bw ifm ons a SM .of "eet sddMis atrm
vset t ao -a iaanMa l a bpatag nid por ss ese Se a whi maxhei
I~inat. XItsa e aammb i tt &"Ume oerem tWe ilqommut

Slaun M r saqe a taug ulth och ~ther at a eel. a* it*
asetirmw I-dliag PftAM13 2mw 2 uf salamI., the Mcr VoaIA
tUM bqtaf ateWIUtM to i"atin AW be omfnl car to thft pm-it
Uth uqr eatto sOIs Sn bSoht flaxda i~~io at the

r. WK. NOWm *U"rr W eS. iow O the ao
0~8UT-JTS r~brrs, 1956, p.03.











hO



00l
TtUa'P af g di *touar p )qrmss t rm *s


Tut 'llrrW~'t~baii f-tiHr Jf IC15~dLLdQli J -PffltffillP itf i~ttf


ilia*b a"$ atto
MM- Wi bwlv avllltoos akilm- ti- Ml Onta
*M *IIHH^UKr~rmr -iMPiN rlftr mllr *II IHa~if r XHrrlr~'' rIHIlril
tllttr a ir~~ll --->I flrti in ~dll to mnm >t"l MtilM1fl*

rw MII-d smbb omk i toL i*aal -f a trminwtMk
a fK a s U 0^ lt o =* A V lo t p o s l 0 t t1 1 1 0 6 1 1 1 1 .
ew!ptb. W^.^. 1% . .
9Wlrrrr. r * .


~--~e~--yEto -,ft I ills b1)dm Amu al
4W, t uut A. k d



SO" 16ft Mot.ft, *4 WW V d ohn W d in odd*Ms to ONO
OdSOSMt go ~ at W1os M 14 p 16 So
USll~ tJI .tIlUII Lw ta--taljBC itft 2L IMM^Illfk-




Pcad ~I psSs wR La) intly Olrl UL% 1s U1
SO" so" "JM an 43gl tM H69 $A,5*33P 00



so"t" le SUavo* ic the puktaM pinswus MA vs- 4w 0,
wtpur*A *go lll" t psams Sm MbLas III I-p tbMIi SrM#

Flmttt -ree* toi swma to add t Is the useat "0
*- iMBB-Lttt tb--fa

f77


Rl. i. ..tt.. 'to mfaft iHag f XtSsok La Jius'
l~~(UpMi~dsi 13. rwM~ t AgY
*d*. 3i Wld.3).O iUStbpuS*



52m. 1. aiduM, IjA ** 47 w
Rl8dbi piain m wad Lw ,~ asheSZ)s in.a

fUT 41 u 31i4 OLU i ePtmag tiI*AM


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se~w S e" ,,sa al1a ta, omain Pinat 0S a
-rwo ,a bnoawt PaseS a S cl*t s Ps tu fna itot



lslas mr m*at tm SmO=um alIaW Frlo SlbMsm a '



1save qasm ft 3mul wsNJ or U fsUai ft mtks.
ot -- bIe0m0 mIa sioalH 0 w mssaw I" n otm. Uti w :

nAls -o ao he .issa wr No ."W th madllmt tiri -b = m

Ift 4fts to iaAtb2 -M f tvin ualse .i 1t Ml&I IiI= t e L y





Obulutg 3tsw a al4ot of aat tle, h S.ns,* &ndt alVi t

oUasL wsom. "tas b~w MU qte ar M~bao be =aM f 4"4






or l' a r Udvlr fttm ga P Iw migr brf pI amo e w -am

Mholuy tiUrs lu rsr ausos to sinoatmt tMt pasl-s 1

Dt pe- taMat te ditbiuamio of kndasip Abmi .Mat MA
fir~s~sl in the e*telain am isnoa S th iuio le a ,t mqi .so
Utllrtin ssseMi, aaM eoa cwItSt a L4vlat o, AfomVat thob s o*Ia
wrAo a w~Or Ur IOtWAs s I


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INN. ftowf tW stu%* aw bsnso mbe" uu .t


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a ll ua qpo At o ORMS uh&'as 1. 1I









n *u"ma* t bi bnma anoj as tin 41


at ls iM# OW41 Sw p ,o f S. lsnas Lft







La. Itai maat 1% at2a ow nw a
tr m-sW S w a* fatmI 1 tm. MP^s l m wV. wem |








ow* Amuml #"oNftte& to a" oum"M fob of "%Uft goII -t 9aw ft* ' '*

0I*- em!*me. .itetir. )M--- ]MdiUk, u2ib wz ta '

wri Lt w Ciiaftdh ta ra-e iiiawi lII, tfetal dtwut m
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At the M tso tse Usptial diuuidm of prodawm 4i0t Ianius

bloom to o*h the bWrmis tmvUruy La saw fthMmone

Us, vis of atrxUtiSo at no settle goIdows lt Suat we&t%*

a pettial for sao dem exa of eustovo ovwe mwvt np;.r &M hoM

pWi-. Now.wI apwor t3W sM ele-nt 49 beraioing p~r is w *

aftem vMde Oa the bqoiag Wde no rme Amx apprm to bevn a pVt

0040 $poi" to f st durtim n the inslitave

the ,clablltr (of urt inftafttAm Is Wat po'ft.t pueM;Ov

wy YOrGAtUg d4rt Mi als. Irr, prowdusrws Ma t1x7 I lugram
MWe dism-wbfi mawet br beiag mra aggrgnivs in uSvin mint

ltna frUa is avi2allble In soalling for Wf from swrml bqrm*

04Own (IM Wli vsQ -XT- gi eanxl ale and this Is ma OsUftrk

r>am 3~wl weft tm "U I vtL W M a ute r sll M vo"i atf

Ma paft erOttle aM st mtlumo, It Is misia)r thet tah"w am "&

-qkws ot "peftEls et s stle atmstda to tV ale to ta ta fuly
eofUsptol pmas. Oa tis other hal, peaSeofat Um vi s oUt$

Ot the SIVAS PiebMW we amoroe WAau MUse -sl msO~sme

lWest st Mcxn flBrr ar pal settle te the loom& iaetaol


32oftwFv drlvt "Usa h tMa ty"" f mapfnidAm -ml bapuiu

1- 1iM Us= w hopnga saUm now Vie amostte fitwmmi qdato
-pta utoses bqes-in wi .btmae Sotaittaguilmto
I^Mtf-i. Ptts disswamd Itha is suet of qdlty umrYSfm-m

MkI% wsU dMtfs rR tf o *me p*sti mtme paw I

bofts SlMIKYm tm diftuirs bet- s. the mrhAt rkias qwiatlM oil


~___


--














tbIO sulst mumo towtdt It iss tsoi1 ao w h .ompLua

abob tWo Vaiuty 4t#a i V"plM .


i _~_~__ __













OCflPU IV

Mt VALIDITY OF PRlICK OOIRX50 E

Iv bkrwo and uf aMr to no pries quitat&-ms me ac M",a
pitusaif Wss- mtr id wastful tsa d mn tt w qat ma us at to

tlro tOWr not be wM oft the MzAs tf predsts to wibb tOs Prie

ntfr* Is tWMs mI a pra'te a.n dtv lf d ino ds, wad pri e
stolo ANwWlWOVA fam tWo attrtaiftw spsoiflad la ths lJu -sae
Oft bW 0r041w0 1Or MAltd With V rrambhl MJaet1ivg for inmpu*

%v sifs. r wo orb $utr tet o Nof om IA Prim It psos IA
wmsf rolms am be ebu o i*th a M do wl e fe va<. O -cmm

Sa fto tMars Istt laeaes sue b na si L to ps* w *a amr sd


a tl t a La Ga A- vslt be l .It

n isofwAwa kasuladw ft the -v~k OM anA I
t A li psmm2t t t La thes Ineto2h /rest l~Sms -|


t$ht aUf pwsta at rat ad la Iopntalm ulth sro --IamI" ft

tlav SjUpr t rrplS. fIb quMtMoa oM 1 uuSMr La jwtP tMMs
ca pat1ra2a* luxmLfssue u pob31 a 6001" SMOW U2vwot* ad'
Nmt ealms, m at artt On wrbt i enm aslto ratwd ra brus i

NO "Alse4 p"". tvduulwzat U thes am,* beam.t podtsa loft

""^ II I.MEI I' .. I I I f ?2ei- 1e)
ti n Inumlowy10 jmmjdnt W&ir .
WM p)a t41 (bofs a Itms rllta V)S



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to linoeuMU prSao queatUsar la vImt rwpeh b and is a so ga

*utoi Irf-tioa*k Lft the actcxt tht Mrblt t Martc e"W"4 bt
pAWtbi pinMs Attwn fro marwt reports saqolm d tgr paiTiU flw,
tWa b"PNAISag poeer o ittidma1 uma$A me or tlu Other x]pwq Itm

be umb t b alme.n Ma y s eCe i vidit f rtlw al..mm. aS .i

d"penids fR t w aMptiaom thet m30e3S1b ad p'S.O.r go" -e aI
40S*"d wgth rIstuTmolv bunlM tPPS, 4C SMimIlS.O
Sob tOrVNifa ponat bf eS Matd "nanr of ottm aon to a .
aloudwMO fe ss i s dPendmat loM qrm tx r isa tagve oAV atti o

utlast tale orna pdW (e of tin auam it Ubma sa tMa aiitr e

taM blAaw pfao sumb ca lmrtmant r"le in the umterK wri)tgi

i.rts* aemnaw in .e"tlia M p 41 0a106 be ViFrWheadl. t
iadta3l attm mtiatae fociued om tw abilitr aof me to petd UTO





:-0 oa Vis asalami of a so


bmw' Ub OMMU4 Vth peimowap sien DM at mterS slghtw


Vte Uiv antaa OVd* is rtorssd to a 2 M*4sF
SIs VeLU M sum*asts of the mat reds, f t asaves pxeta"
After mIt.r*
ta wrof^att i toi ditfterees betweeM the office"
1.5 tods af a emaw, I Iispatd .gAr a teinaz mat waist, ad
an aints tM p lViePh4ers Ur esmate the earms g4 p
.iea the 4ftiMteh e tosltoes lr. eai2b.
l $?A*a IMel 2j. 41J5 '
aftsm emmm gems 19 :mm
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sl "a5 400 001600* IG WtIbMP s tei tp tiso -
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4i8
ilthn p2m or a.luc x gng me du =it of cmotfl0i 61 as 63 I
ft auAlyis of yar'am i a uainesr wprrm at aroaa
adIM ogo t* stiaM* grniu ia anotwr ltoolsmr tan fd i tm a
Mlaamta s iia.Hb Za Mat awmpsh tl dULfhusss bhtmm IMu


tarn fIqsmIII~ bsllus ..qad1. Ilsp'bslda ..tflalfult sYa p muQItsu'
a o da twofta z we momma lSmes W lose a


it tb rdstr ~*it -.lar rult U~th tm111~~~1B putt omuawo r itr webl t r
UVrcgVaiw. l gr Ell iS USlef i ulor "ud a oum lM j|Z
91| d&GCPMW CbllOWI ttB T'i< MIBW2~ljpl~tiQRT ftl~f~l
oCfs q WW. At t 4. t tow Cit at dm3ti sf Me'M
Ql a0 e ftj Uoniwei =tamuot Svfta~tiB In s ow 5
^
son offr *aiti gi at Uve

am 0. r tlm4r data m oubtalmd frum a groad" twt4l .aa t

%mr3 *tudui set the prmwld t for umina spWix ot a
ftedual used. tin pfsshT.l Uudlnc tmlt, 'jssnwi ant*i
Uaau waft asa g pato ood ata ad $# flIna a bwIgm1, -s W
~h+ oo no foww bikmbkmIo
40 __u"= a"tP-n412 1 O





1^8?B~B{BipAbecaaftX P)~tasl-a K1 53 (btqint4.t Nxms
IO viwt oft-tww d B j. 119", Aw* 5l :
jw---wm. imm~wa "I ftoinaiJAWFF N~s $3 (Mirates Mob


v WIF -30w*~la~Q rn,


~O 1 64S. 11. Jrr~e and Itss* auvms "UtilatUS U430 and .i.


....













Ibs *a crf m amemit Sh m" Ned" '
pads m, Sa, wi~m11. Mist at tim 1Lwi,* rm

"N. tefte St we see.o 1w'i1mmi Stw viag'



the Stf l-isf t a dsJ jkOcft$ tfe ealaa. 3gSo, '.

go smet mise ae ws met Imp U gow 16 Iasbs miaSnp

*wit S atprartar.
for p pm emt ea u4ramumlag enwtt La Ol wudi'A


pie4ds. A04pthw fwuat at be o imk W BtIes .0 00" *1 1

*in urtpe hs St the sasii l qt BS5 S* *f* tiS aabm u UV .m


t *~r as er 3r is tPM rsrt peif qsb. ane. "a
Il- an -aumi" QWBWAi mot "I fems orms $a Is tim
....t A t, 01160 bMOt l MW. nal V al t Oe dor t o-s iu i 1

pater A srt s t tim -a flta ew on n vl am toNss St We t,

Mo't mf me s m





w T"40 ad. t iUi the tervese oanes I St tia fg ma ''I
ma's t- 40660 liant Atbath huam" the dSt. ft **we***
tM s o t wasm t WO St e*'a
'7g ifi t l "-t Am& a a ax*avlew mr l&fw 0ixpw


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swes*% A- Ask am about le Ofue sts as to
f t: WNO a mm nm a A MI .
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4aW~mi W* a .. 4 __
*2 saw. O 0 1M 4

satLar s~IRI~ dIL a1*sWsq 5.4n ps a U wq* *

t~iusof -GW Sol pZt a a I U~t 1

OS "or 30 1. 00 ft ft3ms b. i uWUt
tb.X tauss I urSlB Mid t. he us-ULa i--e j i *



"w 4mi @* isU sto to e i.wpte Mora*t* ws M w-Iaa ';-




Osumftik is a &" I iUvwn a M lasa N oii w the m





At. ~me but I MOM
toft to*te f0 to WM p g -it



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oft..'a -o III


- p* Mmni ftllfikodta ft T5rti lir gf6 titfpbatetk, ^Mtt i~ww *' 1"



aun awtn, (it flOashe pa.. nfl aftu"O a".

Sut4IM*$sdivawrmst wwewwwwwuwr.
ns r.';P i Sb SSr) f~-ltn C~U~;
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o *"a dwanf.ai $$%Wet ban 0"..,ewaft am. '. .,w

-outW *%.1t twift 1) I tal 9(4 Mor
R 6^* t'^^ 1*W^-^^^^^w9 <^^^ ^^^^p ^9irr~r ^^--W w^^Bb~ ^^K^RM '^ ^^1~
M-l ba A $* gam e '
6 m* an 0" e)* Us .w n O ft m s 06w'6



















Sil tp& lb laSb .41moSu
M lkV"SI rnu tattle.
ia~t a ^ rU aan *in. 1. asst a st gd**g aw N^.'"



MeH^^ fl-ws~fl M^^^e^ abuua *h ^ y^V^,jMtn C^^^^~. ^Bla^WI t^wb ' .. I^^
Lb/. gal c. 7.* m. nss Lnmi 15 Saint
CMft~t'lllX lllC~i~llll^ f tB*mtp^M^ ^ ti~ llM~llll^MI f'-N~t i" '1?V
^PBII^^TB^I~~~~~~~twW'~ 5;I^[^H ^ y ^^^^y i BI^'aB^B VKfvf^ff^lW iW ^^ ~ -^ y ^ '' '1 '._1*

^*t~tiA'^t'Jnesgy.A fls tefa peqi tM- f lr ^AJtat'f AU~e*-n* ^S
^l^l^^ a meIn..r^W^^l aW ew liWpubsi^ ust a ^^v*^4^^ .'i -* r. ^;.'^


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Utfat C orswutu onft 1at81 tiat a 1. 5f psMb.7
aKm fate him a stoup at man $map% Mo labom" to JLU
ans sto ti pep atm nots eft OmenS. At
sa nuGIo t IsS eapnItlv la1re dlffsunem sin aatet*.i
asus*e IhtweNot tha wm grading trlu slush wst be taI as
rapnsatmtv ls Ulve-gmnr ing Iapae, bat iSap3 roaus Indas
ttu oa *at d"W" Ct ofltsc la fivepadlIg" a be psedlh.
lit -11 eaqlw, eBd ern win grading La thirn f 8C B. ,
tartswr at UWsIfWe a re profitwo an"* tha tm&ir sqm rof

auune was y barn tun rwixth C a lull U. pf.?) i1
the Ra hadkm IAftrold to etaU oaly tc e full 1. 8. tod o

sIls slwm), their wgwQ ,:Ents~ft sIgt tea rss asM *w
esIdauw.? A nalnteaM la ft w.turntK =I3 alas be "ParS
f leap e*rW^ at eam anaH graYdMIng mae stuBnSv.


'ae kmw ans a tteo mob a of samn Id L
in *C oas N1 o u sona% alpprosh mnU 55 e ft
rnprs. ht, e H S I 4 leMa s an gp- @e tkw oh* wo r wbolab tha oe pSm ,
n. *Ca.an lpn at a sp La W"ftse 0""pe ram s Um
Om^ ft*< S % im it w t wat o it =I"* IK
4. U e selmma atto, to tbeSa



#Sao t a e. inU t waps nrw t Iras Wate CS

.tA rsatng as inarw-mut mly the eswtat u t

w t umt eatrn IMfOr Ithe inr Me L a e the ta Mai S
b InnuM* e S&UM 30 xw S" f w ts 29 aw OWAI to Wt
frt1" It p1 eat t 63 per e tI por ot t 60I per sa, **"
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)I so" an l a dove W*' rNe ''Op" eun4& M- Ua

apwLi1~s TLa a b dqs~ ~ ap rnts~ (d~Ieadu IfIg eata aI~
rar^rp -.rr .II~~ *C ^II -9b :| l~O rlQ
*BM* la -onk 16 a6 grIa Sanfwe thbl wwlr "oifoutlmeIr a*s
S"ab 3avw If elaltml woul be ,ti^u to r- 'ime a

mfsahol P o ft, eaw a M3 au in bum If inu het SmwamIme
nINtwo me bmtW WOO t"As" S tvloves Mua) "WA"
the ifsso PAM s ML wtre quIImtas et bo "Los

"Nh*b to tUm alt N~t wspisft. ow1 sI a ll I bla
tme SMO.q if waiO eti ea nr uma"bto so "oln" it slowt
mu snd to a 'a In La th smlminq of th 2L'*s m utlug


Mlqamak vI e omtEn l aJ i Opt arrus Siu he mrmsw piut fiti
MAU*I (~~ )umbe VMS bwa tseis to Wsonmmsug "w

41, Atn am do" e-ss 1 se saw tiniies ow be 6-11 i4nW ot
"s$a* It Ith daft alp the" Vsswtimos f the No Plepwha


LaK a ai t6 tit .talsts7 ftfsst tte the wwluiac ;;
se~ite a' ~i*V ifulll~mt a'me Wteswss loaume 04
eqa&lsg (magel if vaviame 1s a iDte~ LoTay Ap9mil Z.CU^







i .bsem. 1* the psilag serees f the m ;La ts
pe m S iMkall tIM. ar te t4etlq to d t dm La




eMs seIAtLe osP w e Is a h *oiast tIa ther maut e amlftll tuft
A sea go" Bett I an woors t 1t iftosas um be we$ ii s :
hlftob r sattlool JS~t eant* 81106 pnlbr-Udoftes ib

*~ obwa Vtet4& *bei ww i btt gditanod owr be "Ime MlAtiw


_ _I~_I~YY












(1) the muto stmaMiof we iwrao ts lae)aft atribwt th t ma be
Mae"" cSeifI- cfr (a) ION sopt-d to*- TnnM r JWir 4M '
OUSi94~ $1r 300106 A tVSA4 oO $0 O=One thetrz a% an..1eoti
wiMMa MqtoM% Ul410. W th M MiA f thie MUiMW CC Obi
4diw 4d $a *w obpite r, the ooeptbe derawn at psdi"a priNIlsY
of be bpIftuLT76 ftrLva fiu. ea 2me etsb*lah et fta*at o
SIN um mO taw ite dstlW t binr M. oU el abUl ostimtm tn
b-e eOmuUrted fir thUs da t mi ror mku y htr b vo Uva sAmi

paMee "ad met Prsde In rth Vriuom a*peate of the ladiitx, w
thIS "2 POW& tr its to lujot late their aeotiatl a. -- -
rMaL stC me! m it fwr the err* in 4"W A *
Ai tar as wr&t rim fmportlag iU sinnnsi ma giru to
a thAft f a o la Inves*in6 a at Saw e11011 n-
awais 1a2- it p3-m ma mi 401=1 la a Ote>tMi on" tgm 1
Wtht 4ll i k te mmat p r w. Yr Sstm a ypni et" 2"pmt
bloo as 0a OMMUrtf 16 A* 00 0. d O & St 40 WrAnto IsMM

4180"0 11180 aebm w VA 3 a. Chu" uuM he mr beeSIR


tmw*Le sIOf EMt Ute tatm X Wadd s of tr 2m L u
the gpri"oee am 311e mie 6 wadA tk werut the UsWin


S&dateo. so m attutawe em bo m ifaftl hrwm
ttrftf, terk- MYfI-;~I ttlidl~rrt 11Bd itrIIPS1I *f fI>'fc* ---^1* Jy
a uais NO4rPl thag habSi SWl Owdiv atf &a% vminmm am
mr U Mac anrut Pue t~p esrltvt.a device5 a"l Mbamdl
Wto Itu "a r be *"slup"*.
T'lmlbii tA-4 00 A1.. PPf 55Ho7s


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llM etaNNble-ihl m attl ]to ...... I ---*-

4 so" M is a v u b bT' mt m"'W -insit 4' -id



aitUjl lte intie t =nt eL U mSl ttt, ft t -'--

wsw tshemw go a -gif t h oi m lohtet 4 bpuAm*s

fw oa mNrB Oftulto Al t tanb iueofos e .MfnWr

IMRd.I tat Pfdm the and"Wo m C n twi-r ML0 uwoh

Of a sgns.e hwwet ogaCl-I I IU c,"-u I



la the saLlatU dats w31 ms be pootdb util demte mui1m 4f

peIag pgfmm-in -ws df-e ftpw- the pqshtimR of M1y'mpsuiw

19e" siM aimt"ae Rfrt prim Jmr"t ane baMud bAwss an B

buhS ofumiroab) SUtASSe t aemwwr of 1uaMhNU 31"m5 oue ft

be e0 -t be itma a21mitto ot.l


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CHUPMER V

PEPMDIG EIICXUOTW II D 5 MIAM IQ= ?ZIG AAM

U atfi.oaW at piocing att3L in the Nm. nrkeati am

wdul be mnato4 by ocaVring the prioe qu*ta ans fer the area ilth

the emtimted cmt tove A saoalo bqng prices derived. as ea idj

in Obtes' Ile Ioeww the adatmoo of an differamns isoNrer
betwm the quted pie ad the estimated caQetlitie plroe uwl

not la Ita be oamsedwed bona tide evidence of izftoimoi a3m

vltk ot*stlvet omoqetition g btqvrs the priLe pV.d tef L ..ve

malm w be leo tban the UvetOight .qidewaut of it s am,

pViSet f rPveout valm doe not omew the tpo's .eats.77 Iis

welaMpinahldp Is dinued belmw In connection ilth tgo pssbtin ot
,parindtW raesrmy In the u.AL area.

atmiout auveras of US. livumight qat o Iso Ch"

emras paiew s n the prices of U. 3. Ch im stee em w be eQI d

qv.m Ilnee neFlotd in gmemerl an-d MuP id piawntlrauar nt, v
an the srpl]m ems for hiher gande beef, the relakttmslM bstoo

earomm pires and live prioee in Wmt iu1d be eapested to t*I

awe loes t1o n-tianal Pattew. Dglatams tw, l the OaRl4

?tA Uvts Xw Use then the earos pWlne emit leso wb

I- m on aid sesesag r imrsiglas
. .. -I *- *--- I - v W ^ . ''

olnlot nmalNoI~nql'.Uos'nI'atM. -f




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plttwu at dlatff tsw bote- oan pI nam d l Tv prLteo, atter ],

k la na aumaMM for hae kproduat emtoUm ia MwU, .e tM
bdio for J1ia tMa effloi= m f aatot prima in the MmnL mp

hetlug amft %



bei toul Vai of an aiminl luow ilehi ai Pall SPAM

rffal4 am the pwknw ee Va the"t *od aerodla ftm -a alMul,

he bs to "ad" Ulawe mftIaut to py fte Uh Iv min =ela


Sla MtelM Wkr the p onk t emk I amalB b tbgo'si0 the jUtes






j-i
Put tfr a SAW" fti= the )UlIS Wkan s tr %at of th %m



(5) .t. w UTZAd" AjMt mi i tft"S S


(6) t W el Aalm ae M nd m = S m.i 6

it b w t mm tiot h i.ffmwme befa 00 liv Wimi priwn a theN

IN1i 19s40"t 4at aVf taN Pm p in om" Id2 a ur MAtN t be 41 n
AsMwm b. hint lPdmeat valn = d puabee sete amoe inM g te

AMU an rd- rwretr Iuolu0 p4t. OU lato laboro, qtal,




soeft firm to he eubetitijed atoa the let sid C Vo tW
WI QU sMt "U he hfrwsd Ia tbb aem "t s an plots* ccS is t,
&% VGNAOio pwi 1rAileght, ad s forth. fw "a he o r Ia .
*No*lmose* Wi liv $s.











68


In t"t u, aDmao% wmdug l at P$is lastode MW OmWN$ to "out

&a sUt Lw all twto it rl ruth to mspUt s.e kwids (ad

at tSa i s9 to a &U lnW* tb* WS"h t tIAs krus 4W1 tIn In

sla pIoan Ie arsv np tiate v Taus at bprdeuaut sm weM St

l is .l.t tor.r o$t to pal liwaunfg mte eto -t tM t e

pets nt &bt tt full swuit at sofet itn WV*AN ai Me pwA

at liUve au Ots' on at ths gpm tot tO Pds val

PtW I i owS l9 ove alnsm at RUN l Us wmQ a 4sala b.3

ot haUt ouaoUIv, tw t ah "s St Ptoo nuamntaw In wut& n









P itpadn"t *A we w to tsmut mat a" h"s


ipelesya onIssh Flat& an at ..st at a lestmLml daads
Vt8U5 ar I two ag to* fgr a-bss 2OlaM TheR SV OPsti SW






owrS t Bnot oaom m tots m on, lltt, tlm



sm Indoad tat mv a Mau lroablg pat hm mete bol
bUlt. At lemat mm prbw tla s tat ae SNOt Mret 41 tes
na MIUL# evtos h uem nmdww e=r a a u pe IntauIo
Unwa-. in ftlnnol Is -te Stth Sesmel AIJpeh
.0a4 wohr Suo& Ftlaout" sett t.
ta41to1
n^_LU _b~ _.-t ___t~rn ru -r
;la xflftft lBfln wn MMB flKUBQlK 4wA XirgWjMC UHlr 4NMRMRM IftMIBX B
tatafTk Ck*Ui nrbbrtd*t*U


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b le rsoft. A um~ f* Qofm f n Mwgin Ao n a."A.,


me -s" WMmt awtus mamoa be swte tsotDMin.



a ftl-m Oow1 t" euint wm wt ilu I the Xwl itial to.t



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I Wrt an "s tiU eM e w Mdd go m





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td~was. rh msh P" *OOOO' at of at p ooko

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11e ti M*Ma nr powr "Lw beC he so lbe ase



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a t. sM n.-A tt e as itt isfl"


mas slet atvuv" -t n AS Osgo 01a. a0




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w ~~ Viarrr L ChubS bSi.W lbs St W a p~;Y

ac~ ZUriIn v apis ame m .a6 FP isll armasS~ Use

be ma. tsar a'es wn. S- qspnb stab A Smu gOl.~
^^j~irdk ^ '^tkAt ^^ds ^f^ ^-t~t~t ^^^^^^^j A'M.l Jht '~te^^t Vf
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