6 



BULLETIN 36, U. S. DEPARTMENT OF AGRICULTURE. 



towns in the State and the range of prices on the same cotton on the 

 same day in the same town. Table I is presented. 



Tablk i. 



-Variations in price of middling cotton in certain towns, and difference 

 between local prices and Galveston quotations. 





Date. 



Price of 4 selected bales. 



Range 



in 

 price. 



Num- 

 ber of 

 bales 

 sam- 

 pled. 



Aver- 

 age 

 price. 



Gal- 

 veston 

 price. 



Differ- 

 ence. 



Place. 



Balel. 



Bale 2. 



Bale 3. 



Bale 4. 





1912. 

 Oct. 25 

 ...do 



$52.50 

 53.50 

 51.88 

 51.25 

 54.50 

 53.75 

 55.00 

 57.50 

 55. SO 

 56.25 

 55.00 

 52.00 

 56.88 

 58.13 

 53.75 

 56.25 

 56.25 

 57.00 

 53.54 

 55.50 

 57.50 

 50.25 

 59.38 

 60.00 



$52. 50 

 54.00 

 52.00 

 53.75 

 55.00 

 53.75 

 56.25 

 58.25 

 58.00 

 56.75 

 58.13 

 55.63 

 56.88 

 58.50 

 55.00 

 57.00 

 59.25 

 58.75 

 56.25 

 57.00 

 58.00 

 55.63 

 60.00 

 61.00 



$52.75 

 54.38 

 52.25 

 54.13 

 56.25 

 54.25 

 56.75 

 58.25 

 59.00 

 57.75 

 58.75 

 57.00 

 56.88 

 59.13 

 56.25 

 58.50 

 60.75 

 59.00 

 57.50 

 59.00 

 58.75 

 55.63 

 60.00 

 61.25 



$53. 25 

 54.50 

 52.50 

 54.58 

 56.25 

 54.50 

 57.50 

 58.75 

 59.50 

 59.00 

 59.38 

 58.00 

 58.00 

 59.13 

 56.25 

 59.50 

 61.85 

 59.50 

 58.25 

 59.50 

 60.00 

 56. 25 

 62.50 

 62.50 



$0.75 

 1.00 



.62 

 3.33 

 1.75 



.75 

 2.50 

 1.25 

 3.70 

 2.75 

 4.38 

 6.00 

 1.12 

 1.00 

 2.50 

 3.25 

 5.60 

 2.50 

 4.71 

 4.00 

 2.50 

 6.00 

 3.12 

 2.50 



4 

 7 

 4 



14 

 5 

 9 



11 

 5 

 5 

 4 

 4 

 6 

 4 

 4 

 4 

 7 

 5 

 4 

 7 

 4 

 4 

 5 

 4 

 7 



$52.75 

 53.95 

 52.16 

 53.63 

 55.65 

 54.06 

 55.65 

 58.05 

 58.06 

 57.44 

 57.81 

 56.20 

 57.16 

 58.02 

 55.31 

 58.07 

 59.62 

 58.56 

 57.08 

 57.75 

 58.56 

 54.80 

 60.32 

 61.04 



$55. 00 

 55.00 

 55.94 

 55.94 

 56.25 

 56.25 

 58.75 

 58.75 

 58.75 

 58.75 

 60.00 

 60.00 

 60.00 

 60.00 

 60.00 

 61.25 

 60.94 

 60.73 

 60.63 

 60.00 

 60.00 

 60.00 

 61.88 

 63.13 



-S2.25 





— 1.05 





Oct. 26 

 ...do 



Oct. 30 

 ...do 



— 3.78 



Ryan 



Do 



- 2.31 



— .60 





— 2.19 



Do 



Nov. 4 

 ...do 



— 3.10 



Wellston 



— .70 



Terral 



...do 



— .69 



Mountain Park 

 Caddo 



...do 



Nov. 5 

 Nov. 6 



...do 



- 1.31 



— 2.19 



Erick 



— 3.80 





— 2.84 





Nov. 7 

 ...do 



— 1.98 



Luther 



— 4.69 



Terral 



Nov. 9 

 Nov. 13 

 Nov. 14 



...do 



Nov. 16 



...do 



— 3.18 



Bennington 



Terral 



- 1.32 



— 1.17 



Mountain Park 



- 3.55 



- 2.25 





— 1.44 



Mountain Park 



Nov. 18 

 Nov. 23 

 Nov. 27 



- 5.20 



- 1.56 





— 2.09 







Only those towns appear in this table in which the collections on a 

 given day included samples from 4 or more bales of middling cotton 

 sold on that day. From these middling bales we have selected 4 

 showing the lowest price paid, 2 of the intermediate prices, and the 

 highest price paid. These prices, figured on the basis of a 500-pound 

 bale, appear in columns headed " Bale 1," " Bale 2," " Bale 3," and 

 " Bale 4." The average price given in the table is based upon the 

 total number of middling bales sampled in the given town on the 

 given date. The range in price represents the difference between 

 the price for bale 1 and bale 4, and shows the extreme variation 

 which our indiscriminate system of sampling chanced to bring to 

 light. The Galveston price of the 500-pound bale, based on the 

 closing quotations of the preceding day, is also shown, and the 

 difference between the average price in each town and the corre- 

 sponding Galveston price is also shown. In a general way these 

 differences, while extremely irregular, are less than the cost of com- 

 pression, insurance, and freight to the port, showing very clearly 

 that for some reason not obvious a very large part of the Oklahoma 

 crop sells for some premium above Galveston quotations. Various 

 important cotton interests allege that these quotations are always 

 below the average spot transactions of the day at the port. 



