10 BULLETIN 36, TJ. S. DEPARTMENT OF AGRICULTURE. 



IV.— STRICT LOW MIDDLING COTTON. 



Date. 



Place. 



Variation. 



Date. 



Place. 



Variation. 



1912. 

 Nov. 2 



Terral 



S4.20 

 4.69 

 4.75 

 6.75 

 6.25 

 4.50 

 2.50 



1912. 



Nov. 18 

 21 

 25 

 26 

 30 



Dec. 2 

 18 





S2.50 



4 



Erick 





3.75 





Caddo 





3.75 





Snyder 





4.37 



9 



Erick 





5.00 



9 



Terral 





10.00 



11 



Wellston 



Waurika 



3.00 











V.— HIGH AND LOW GRADES AND TINGES. 



Grade. 



Place. 



Date. 



Variation. 



Good middling 



Strict middling tinged 



Do 



Do 



Do 



Low middling tinged . 

 Strict good ordinary. . 

 Good ordinary 



Purcell. . - 

 Noble.... 



Byars 



Durant. . 

 Law ton.. 

 Madill... 

 Terral.... 

 Mangum. 



1912. 

 Oct. 30 

 Nov. 21 

 ..do.... 

 Dec. 4 

 Dec. 12 

 Dec. 20 

 Nov. 8 

 Nov. 7 



$5.00 

 5.00 

 5.00 

 5.00 

 5.00 

 7.50 

 7.00 



19.25 



It will be observed that certain towns appear in all of these tables 

 and in some of them- more than once. This is because our collections 

 were made in these places in sufficient volume and including sales on 

 enough different dates to show that the conditions indicated were not 

 confined to any particular period in the crop year. Wide variations 

 in the price for identical cotton occurred almost daily throughout 

 the season and cover every grade and quality of cotton offered. As 

 was pointed out in the discussion of the variation in prices of mid- 

 dling, it is always to be remembered that our figures are based on 

 such a small proportion of the total sales in any one town that it 

 is extremely unlikely that the greatest variation which we show in 

 any case is as great as that which actually occurred many times dur- 

 ing the season in the particular town discussed and in the surround- 

 ing towns. A general inspection of these tables will show that the 

 extreme variation found in the price of 2 bales of strict middling on 

 any one date in the same market occurred at Mountain Park on 

 November 11, when 1 strict middling bale brought $7.25 more than 

 another, the widest variation brought to our attention in the price 

 paid for middling at any one place and date having been $6. 



Dropping to low middling, the second grade below middling, we 

 note that, on November 11, 2 bales of this grade sold in Mangum at a 

 difference in price of $9.38 ; that the next day in Terral there was a 

 discrepancy of $12.50 between 2 such bales; and that in Norman, on 

 November 29, 2 low middling bales differed in price by $6.25. 



The strict low middling table shows that, on November 7, 2 identi- 

 cal bales differed in price by $6.75 at Snyder; two days later, 2 similar 



