AMERICAN EXPORT CORN ( MAIZE ) IN EUROPE. 41 



per bushel contains 88 per cent of dry matter, and each 1 per cent of 

 dry matter is therefore worth /^ <jf "^^^ cents, which equals .4545+ of 

 ■•1 cent; corn containing 22 i)er cent of moisture wliich contains but 

 78 i)er cent of dry matter would, on the same basis, be worth 78 X 

 .4545+ of 1 cent, or 35.45 cents, per bushel, and corn containing 25 

 per cent of moisture and 75 per cent of dry matter would be worth 

 75 X. 4545+ of 1 cent, or 34.09 cents, i)er bushel on a dry-matter 

 basis. The worth of each 1 per cent of dry matter for eacli price 

 per unit of measure given is shown in the column at the right of the 

 tal)le. 



Tiie table may be used either way to ascertain these relative values. 

 As, for instance, if a maximum of 16 per cent of moisture is allowed 

 in "No. 2 Corn" and that grade of corn is worth 70.64 cents per 

 bushel, then corn of the same grade containing only 12 ])er cent of 

 moisture would be worth 74 cents per bushel, while corn containing 

 22 per cent of moisture would be worth but 65.59 cents per bushel on 

 a dry-matter basis. 



THE RATIO OF THE MOISTURE CONTENT TO THE DETERIORATION OF 



GRAIN. 



It will be noted in the table that no account is taken of the accel- 

 erated risk from deterioration in grain as its moisture content is 

 increased, nor the consequent reduction in value of the grain for stor- 

 age and transportation purposes." It will also be noted that the 

 difference in value per each 1 per cent of dry matter increases in 

 direct proportion to the increase in the price, so that as the prices 

 of grain increase the differences in value per each 1 per cent of dry 

 matter or of moisture become of more material importance to the 

 producer and consumer of grain. These greater differences in actual 

 value in tlie higher priced grain are sufficient to reimburse the pro- 

 ducer or seller for the cost of reducing the moisture content of the 

 grain and to enable the consumer to purchase it at the increased 

 cost, provided the grain is bought and sold on a basis of its dry- 

 matter content. 



SUGGESTIONS RELATIVE TO GRADING CORN. 



Tlie results of these investigations so far as they have i)rogressed, 

 indicate that commercial corn, in order to fix its intrinsic worth as 

 nearly as possible by grades, should be divided into at least two 

 classes: (1) To include only well-matured and well-develoj)ed corn 

 containing not more than 2h per cent of field or mold damaged 



a It is confidently hoped that the investigations now being carried on by the 

 Office of Grain Standardization will throw some light u])(>n the ratio of increased risk 

 to increased moisture in commercial grains for storage and transportation purposes. 

 [Cir. 55] 



