PRIMARY COTTON MARKET CONDITIONS IN OKLAHOMA. 



15 



in typical local markets from day to day, Table VIII has been pre- 

 pared, showing the results of our collections at Mountain Park on 

 five different dates in November and at Norman on ten different dates 

 from October 21 to December 21. 



Table VIII. — Range of grades sampled at Mountain Parle and Norman, Okla., 1 

 on certain dates, with range in prices paid and published differences on same, 

 range of grades. 



Place. 



Date. 



Number 

 of bales 

 sampled. 



Highest 

 grade. 



Lowest 

 grade. 



Difference 

 in cents 



per pound 



actually 



paid. 



Published 

 difference 



sheet 

 difference. 





1912. 

 Nov. 4 

 Nov. 11 

 Nov. 14 

 Nov. 18 

 Nov. 21 

 Oct. 21 

 Oct. 24 

 Oct. 26 

 Oct. 30 

 Nov. 4 

 Nov. 15 

 Nov. 22 

 Nov. 29 

 Dec. 7 

 Dec. 21 



16 



14 



15 



20 



17 



6 



8 



13 



13 



16 



5 



12 

 10 

 5 

 8 



G. M 

 G. M 

 G. M 



S.M 



S.M 



S.M 



S.M 

 G.M 

 S.M 

 S.M 



S.M 



S.M 

 M 



S. G. 0... 

 S. G. 0... 

 S.G.O... 

 S. L. M... 

 L. M 



S.L.M... 

 L. M 



S.L.M... 

 L. M 

 M 



1.45 



1.7625 



1.40 



1.45 



1.80 



.10 



.15 



.25 



.40 



.55 



.25 



.90 

 1.50 



.50 

 2.25 



2.25 



Do 



2.25 



Do 



2.875 



Do 



.5625 



Do 



1. 4375 





.50 



Do 



1.125 



Do 



.625 



Do 



1 125 



Do 



.125 



Do 



L. M 

 L.M 

 L.M 



M. tinge... 



S. L. M. 



tinge. 



1 125 



Do 



1. 4375 



Do 



1 25 



Do 



M. spot. .. 

 S.M 



.25 



Do 



1. 1875 







1 Special acknowledgment is made of the efficient assistance of Mr. Emil Schulze, of Norman, and Mr. O. H. 

 Pinkley, of Mountain Park. Without such aid this table could not have been presented. 



The figures for Mountain Park in Table VIII are especially sig- 

 nificant as they show that practically the same range of prices oc- 

 curred on November 18 when nothing better than strict middling 

 nor worse than strict low middling was sold, as occurred on preceding 

 days : when the grades ran from good middling down to strict good 

 ordinary. In one case (November 18) with only two grades between 

 the highest and lowest bales the difference in prices actually paid was 

 $7.25 a bale, while in another (November 14) a difference of only $7 

 occurred in spite of the fact that the highest and lowest were five 

 grades apart. 



A significant fact in the data for November 21, not shown in the 

 table, is that the highest price of the day was paid for a middling 

 bale, although there were four better bales among those sampled. If 

 we exclude this one high-priced bale from the tabulation, the actual 

 price range would be 30 points less, and would then agree closely 

 with the difference sheet. 



The sampling at Norman was more comprehensive and extended 

 through a longer period than at any other point in the State. Nor- 

 man has three cotton buyers. It is on the main line of the Santa Fe 

 Railroad and has no competing transportation line. It is in many 

 ways typical of the small primary markets of the State. The results 

 of the collections on 10 dates are given to show about what happens 



