PKIMAET MARKET PRICES AND QUALITIES OF COTTON. 



Table 2. — Variations in the price of middling cotton in the same market, the same day, in 

 different States in the cotton belt — Continued. 



Market. 



Date of sale. 



Length 



Price per 



Length 



Price per 



Differ- 

 ence in 

 points. 



of staple. 



pound. 



of staple. 



pound. 



Inches. 



Cents. 



Inches. 



Cents. 







12.50 



1 



11.00 



150 





13.00 



1A 



11.00 



200 





13.00 



1A 



11.25 



175 





12.25 



i& 



10.00 



225 



l-h 



13.00 



1J 



10.05 



295 



W* 



13.85 



l| 



11.30 



255 





13.38 



l 



11.00 



238 





12.75 



ItV 



10.50 



225 





12.50 



1 



10.00 



2,50 





11.00 



1 



9.00 



200 





11.00 



H 



9.00 



200 





14.50 



l 



12.10 



240 





12.62 



l 



9.50 



312 





11.50 



l 



10.55 



95 





13.55 



l 



12.35 



120 





13.50 



l 



12.00 



150 





8.50 



l 



7.25 



125 



Differ- 

 ence per 

 bale. 



Oklahoma: 



Altus 



Atoka 



Do 



Boswell 



Durant 



Do 



Erick 



Do 



Texas: 



Jewett 



Do 



Do 



Longview . . 



Do 



Sweetwater. 



Taylor 



Waco 



Do 



Nov. 



Oct. 



Nov. 



Oct. 



Oct. 



Sept. 



Oct. 



Nov. 



1, 1913 

 30, 1913 

 13, 1913 



lti, 1913 

 21, 1913 

 30, 1913 

 24, 1913 

 7, 1913 



do 



Dec. 6, 1913 

 Dec. 12,1913 

 Nov. 30, 1913 

 Nov. 8, 1913 

 Nov. 20, 1913 

 Oct. 30,1913 

 Oct. 23,1913 

 Jan. 9, 1914 



87.50 

 10.00 

 8.75 

 11.25 

 14.95 

 12.75 

 11.90 

 11.25 



12.50 

 10.00 

 10.00 

 12.00 

 15. 60 

 4.75 

 6.00 

 7.50 

 6.25 



Wide variations are shown in each State. In Raleigh, N. C, on 

 November 11, one bale sold for 13.38 and another for 12.38, a differ- 

 ence of $5 per bale; Washington, Ga., shows a difference on Decem- 

 ber 4 of $5; Starkville, Miss., on November 28, $13.25; Dublin, Ga., 

 on December 19, $12.50; Jewett, Tex., November 7, $12.50; Hunts- 

 ville, Ala., December 4, $5; Chapin, S. C, February 10, $5; and 

 Oklahoma points range from $5 to $14.95. 



Care has been used to avoid including bales which were handled 

 as part of round-lot sales. The wide ranges in prices would seem to 

 indicate that in many instances the prices on a great many bales 

 must have been seriously depressed for some reason which a careful 

 examination of the available data failed to disclose. 



When such variations in prices are shown by this investigation 

 involving two or more bales of Middling grade in any market it is 

 apparent that gross injustices may occur in many individual cases 

 and in the aggregate assume enormous proportions. These varia- 

 tions show a condition that is unfair to the producer, for it is the 

 farmer, ignorant of the value of his crop and knowing least about 

 marketing his product, who as a rule is called UDon to submit to 

 such practices. 



"ROUND-LOT" SALES. 



During the progress of this investigation information was secured 

 on a large number of "round-lot" sales. These sales have been 

 studied and comparisons have been made between "round-lot" 

 sales and single-bale sales on the same day. 



Practically every "round lot" came from the eastern belt, the 

 west showing only a few, which were too small to be considered. 

 These facts are rather typical of the two sections, as the west usually 



