PKIMARY COTTON MARKET CONDITIONS IN OKLAHOMA. 9 



extreme variation in price among them was $5 ; 3 bales were strict 

 middling, and the extreme variation in price among them was 

 $3.75 ; 5 bales graded strict low middling, and the extreme range in 

 price was $2.50; 1 bale of good middling brought $60, the highest 

 price among these 13 bales. This would indicate that the local mar- 

 ket had some accurate appreciation of grades were it not for the 

 fact that a low middling spotted, the poorest bale of the 13, brought 

 exactly the same price. 



The facts summarized in this chapter seem to furnish a definite 

 answer to one of the questions in which every grower has a right to 

 be interested and show that neighbors selling middling cotton in the 

 same market on the same day do frequently receive radically dif- 

 ferent prices, involving great injustice to one or the other. 



IRREGULARITIES IN PRICES PAID IN SAME MARKETS ON THE SAME 

 DATES FOR IDENTICAL COTTON. 



As throwing further light on the extent to which distinctions are 

 made between grades and the uniformity or lack of uniformity of 

 prices paid for identical grades in primary markets, brief tables 

 have been prepared, including 21 different towns, to show the dif- 

 ferences in price between 2 bales of identical grade sold in these 

 markets on the same dates. These towns cover geographically almost 

 the entire cotton-producing area of the State. The tables have been 

 separated by grades, tabulations being made for strict middling, low 

 middling, and strict low middling, while table V includes the highest 

 and lowest grades and various tinges. Tables II, III, and IV have 

 been arranged by dates on which the sales recorded took place, Table 

 V in descending order of grades. 



Tables II, III, IV, and V. — Variations in prices paid for 500-pound bales of 

 same standard grade on given dates in certain selected towns. 



II.— STRICT MIDDLING COTTON. 



Date. 



Place. 



Variation. 



Date. 



Place. 



Variation. 



1912. 

 Oct. 29 





$2.50 

 3.00 

 5.75 

 2.00 



7.25 



1912. 



Nov.14 

 16 

 18 

 13 



Terral 



$3.50 



Nov. 2 



Terral 



Wanette 



4.25 



4 



Erick 





3.25 



9 





Olmmah 



2.50 



11 















III.— LOW MIDDLING COTTON. 



Date. 



Place. 



Variation. 



Date. 



Place. 



Variation. 



1912. 

 Nov. 7 



Terral 



$4.50 

 5.00 

 5.50 

 9.38 



12.50 



1912. 



Nov. 26 

 27 

 29 



Dec. 30 





$3.75 



9 



Erick 



Hobart 



5.00 



9 



Terral 



Norman 



6.25 



11 







2.20 



12 















11835°— 13- 



