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The Dollar Hen by Milo M. (Milo Milton) Hastings
page 15 of 294 (05%)
1906 9,085,896
1907 10,300,082


The dotted line e-e represents the increase in the national poultry
and egg crop estimated from the Kansas figures. Evidently the
estimate given in Secretary Wilson's report was not excessive.

Now, I want to call the reader's attention to some relations about
which there can be no doubt and which are even more significant. The
straight line c-c in Plate 1 represents the rate of increase of
population in this country. The line b-b represents the rate of
increase in egg receipts at New York. As the country data backs up
the New York figures, the conclusion is inevitable that the
production of poultry and eggs is increasing much more rapidly than
is our population.

"Over-production," I hear the pessimist cry, but unfortunately for
Friend Pessimist, we have a gauge on the over-production idea that
lays all fears to rest. When the supply of any commodity increases
faster than the demand, we have over-production and falling prices.
Vice-versa, under-production is shown by a rising price. That prices
of poultry and eggs have risen and risen rapidly, has already been
shown.

"But prices of all products have risen," says one. Very true, but by
statistics with which I will not burden the reader, I find that
prices of poultry products have risen more rapidly than the average
rise in values of all commodities. This shows that poultry products
are really more in demand and more valuable, not apparently so.
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