INTKIlSrSIO VALUES BASED ON DEY-MATTER CONTENT. 5 



unit and multiply it by the value of each 1 per cent of dry matter 

 shown in the right-hand column in the table. 



Example. — If a bushel of No. 3 corn testing 17.5 per cent in moisture is worth 80 

 cents, what is the comparative value of a bushel of corn testing 26 per cent in moisture? 



Table XI shows comparative values for units containing from 12 to 

 24 per cent of moisture content only, based on even money for a unit 

 testing 17.5 per cent in moisture. Corn testing 26 per cent in mois- 

 ture contains 74 per cent of dry matter and as each 1 per cent of 

 dry matter is worth in this instance 0.9697 cents, as is shown in the 

 right-hand column of the table, the 74 per cent of dry matter is worth 

 74 X 0.9697 cents, or 71.76 cents. Therefore, if a bushel of No. 3 

 corn testing 17.5 per cent in moisture is worth 80 cents, the compara- 

 tive intrinsic value of a bushel of corn testing 26 per cent in moisture 

 is 71.76 cents. The comparative value of a unit testing lower in 

 moisture than the minimiun shown in the table may be determined 

 in a similar manner. 



If it is desired to extend any one of Tables II to XII, inclusive, so 

 as to ascertain the comparative value of any unit, the value of which 

 is over $1.20 but less than $2.00, such value can be found by divid- 

 ing the given value into two parts, one of which will be an even 

 dollar and the other the fraction of the dollar, and finding the com- 

 parative value for each. The comparative value for the whole wiU 

 then be the sum of these two results. 



Example. — If a unit weight of grain, cottonseed, or flour testing 12 per cent in mois- 

 ture is worth 11.90, what is the comparative value of a similar unit testing 16 per cent 

 in moisture? 



Proceeding as explained above, it will be seen from Table IV 

 that the comparative value for the $1 part will be 95.45 cents, and 

 the comparative value for the 90-cent part will be 85.91 cents; there- 

 fore, the comparative value for the whole will be (95.45-1-85.91 = 

 181.36 cents) $1.81. 



Similar results can be obtained by moving the decimal point one 

 or two places to the left, as may be necessary, and considering the 

 figures given in these tables as dollars and cents instead of cents 

 and fractions of a cent. According to this method, it is seen in Table 

 IV that by moving the decimal point one place to the left, 19 cents 

 in the 12 per cent moisture column becomes $1.90, and the compara- 

 tive value in the 16 per cent moisture column will be $1.81, which is 

 the same result as that obtained by the first method. 



It wiU be noted in Tables II to XII, inclusive, that the difference in 

 value for each 1 per cent of dry matter increases in direct propor- 

 tion to the increase in the price, so that as the price of the product 

 increases, the difference in value for each 1 per cent of dry matter 

 or 'of moisture becomes of more material importance to the producer 

 and consumer of the products under consideration. 



