20 



BULLETIN 36, U. S. DEPARTMENT OF AGRICULTURE. 



average price paid on a given date for all the bales of a certain grade 

 sampled by us, and for comparison the average price of all the bales 

 of a specified lower grade sold on that day of which samples were 

 secured. In each case here given the average price for the lower 

 grade was higher than that for the better grade. 



Table IX. — Certain places and dates at which the average price paid for 

 higher grades of cotton was less than for lower grades. 



Date. 



1912. 



Oct. 25 



26 



30 



30 



Nov. 1 



4 



4 



8 

 9 

 11 

 13 

 14 

 14 

 16 

 16 

 18 

 22 

 29 



Place. 



Shady Point 

 Holdenville. 



PurcelJ 



Caddo 



Noble 



Norman 



Erick 



Luther 



Cordell 



Okemah 



Wellston.... 



Durant 



Altus 



Bennington.. 



Arcadia 



Marietta 



Okemah 



Gould 



Hastings 



Higher grade. 



Number 

 of bales. 



Grade. 



G. M.. 



S. M.. 

 G. M... 

 S. M.. 

 G. M.. 

 S.M.. 

 G. M.. 

 G. M.. 

 S. M.. 

 S.M.. 

 S. M.. 

 S. M.. 

 S. M.. 



M 



M 



S.M.. 

 S. M.. 

 S.M.. 

 S. M.. 



Average 

 price per 

 piund. 



Cents. 

 10.90 

 10.70 

 10.86 

 11.094 

 11.47 

 11.32 

 10.85 

 11.17 

 11.40 

 11.73 

 11.94 

 12.10 

 11.69 

 11.75 

 11.55 

 11.63 

 11.40 

 12.08 

 12.06 



Lower grade. 



Number 

 of bales. 



Grade. 



S.M.... 



M 



S.M.... 



M 



S.M.... 



M 



S. L. M.. 

 S.M.... 



M 



M.. .".... 

 S.L.M.. 

 S.L.M.. 



M 



S.L.M.. 

 L. M.... 



M.. ...... 



L.M.... 



M 



M 



Average 

 price per 

 pound. 



Cents. 

 10.95 

 10.725 

 11.01 

 11.125 

 11.51 

 11.36 

 11.23 

 11.19 

 11.42 

 11.75 

 11.95 

 12.125 

 11.75 

 11.77 

 11.70 

 11.65 

 11. 75 

 12.30 

 12.29 



Of course, it would be possible to present another table showing 

 more numerous cases in which the average price was higher for the 

 better grades, although in no single case which has come under our 

 observation do the gradations of price agree closely with the dif- 

 ferences on which purchases are supposed to be made. The numbers 

 of bales used in the comparisons in Table IX may seem too small 

 to furnish a fair indication of conditions, but it must be remembered 

 that all bales showing spots, tinges, stains, or " blues " have been 

 omitted. We again call attention to the fact that our samplers aimed 

 to get the widest possible range of quality each day, rather than a 

 large number of duplicate samples, so that 2 to 6 bales of a single 

 straight grade were as many as we usually took at one place. Had 

 we anticipated the illogical crisscrossing of grades and prices actually 

 found we could easily have arranged for larger collections of the most 

 numerous grades which would have given average conditions with 

 statistical accuracy. The great value and significance of the table 

 rests on five facts: (1) All bales were of standard grade; (2) so 

 far as we can learn, each was supposed to be sold openly on its 

 merits, all round lots having been omitted; (3) the showing covers 

 the whole cotton section of the State; (4) the sampling was not 

 done with the expectation of showing such conditions to exist; 



