Kentucky Livestock Auction Sales Organizations 249 · ,  
for the same day at the local and central markets, but by taking t   ~
a weekly average price these diiferences will be ironed out to 1
some extent and the margins will be fairly representative of _ 3 ~
actual conditions. {
csuts i i
iso . 1 p
140   -1924 m 1925 ` ‘   f
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ORGANIZATIONS   of
Fig. 20. Margins in Lamb Prices—Difference Between Top Prices at I ty
Local Sales and Top Prices in Jersey City Expressed as Average _  
of Sale Days, During Months of June, July, August ’   »v_· i
and September, 1924 and 1925. i gl
Figure 20 shows graphically the price margins between ‘  
Jersey City top prices for lambs and top prices at live local sales  
organizations. These figures are averages for all sales for each r  
Organization during the months of June, July, August and Sep- ‘ i  
lember, 1924, and also for 1925. The range in margins in 1924  
OH lambs was from 52 cents for organization number 2 to $1.24 »  
· for organization number 1. The average margin for all organ- _  
lZations was 86.3 cents. For the year 1925 the range was from  
$1.00 for organization number 3 to $1.47 for organization 1ll11Tl· »  
s 17 ber 1, with an average of $1.16. There was less range between  
Organizations in the case of margins in hog prices, as shown in .  
six . Figure 21. In 1924 the range in margins between local sales  
and Cincinnati was from 43 cents for organization number 3 to I 
rice i 58 Gents for organization number 6. The average margin was  
mp- 46.3 Cents. In 1925 organization number 3 had a margin of 45 i t
; bg @011TS, Organization number 4 a margin of 52 cents. The average iii,
lity margin for all six organizations in 1925 was 49.5 cents. ‘  p