THIRTEENTH ANNUAL YEAR BOOK— PART IV 131 



test by Doctor Duvel, who is now the head of the Bureau of Grain 

 Standardization, it is consequently possible to determine accurately the 

 moisture content of corn, and to avoid possibility of heavy losses in 

 the handling and storing of it, that will be made very plain to you 

 by the demonstration of Doctor Duvel's moisture test by Mr. Brown, who 

 will follow me. 



I certainly would not criticise the farmer for selling as much water 

 in his corn as the purchaser will accept, if there is no disposition on 

 the part of the grain buyer to discriminate in the price, and it is 

 my opinion that the grain buyer who does not buy corn on the basis 

 of the moisture test, and does not provide himself with a tester, does 

 an injustice to the farmer who sells corn of light moisture content, 

 and directly encourages the production and sale of corn with heavy 

 moisture content. 



The Grain Dealers' National Association, in promulgating uniform 

 grading rules, provides for a consideration of moisture test in grading 

 corn as follows: 



No. 2 corn 16 per cent maximum moisture content 



No. 3 corn 19 per cent maximum moisture content 



No. 4 corn 22 per cent maximum moisture content 



Corn grading more than 22 per cent of moisture is considered as no 

 grade. 



Most of the corn marketed at this time is grading No. 3 and No. 4, 

 on account of moisture content, that would otherwise grade No. 2 and 

 I would say that about two-thirds of the corn being marketed at this' 

 time by the farmers contains more than 19 per cent of water, so that 

 about one wagon load out of every five or six represents the water that 

 is being sold in the corn, and it naturally follows as a result of the ap- 

 plication of the moisture test that the market value of corn is based 

 very largely on the moisture content. As, for example, at Chicago, on 

 January 2Sth, the sales were on the following basis: 



17 per cent moisture 47% cents per bushel 



18 per cent moisture 47% cents per bushel 



19 per cent moisture 47i/4 cents per bushel 



20 per cent moisture 46i4 cents per bushel 



21 per cent moisture 45i^ cents per bushel 



22 per cent moisture 44% .cents per bushel 



23 per cent moisture 44 cents per bushel 



24 per cent moisture 43 cents per bushel 



25 per cent moisture 42 cents per bushel 



This shows a difference of about 5% cents per bushel value as be- 

 tween 17 per cent and 25 per cent moisture content corn. 



The Table No. 16, published by the United States Department of 

 Agriculture, that has been handed to you, gives the relative worth of 

 grain on a dry-matter basis, showing the price per unit of measure 

 from 40 cents to $1 per bushel, and the difference in value for each 

 one per cent of moisture from 12 to 25 per cent, and you will note that 



