8 BULLETIISI" 375, U. S. DEPARTMENT OF AGRICULTURE. 



the lint outturn varies 4.4 per cent; the seed outturn, 11.6 per cent; 

 the trash outturn, 12.9 per cent; and the equivalent lint price, 1.64 

 cents per pound; yet these loads brought uniformly $4 per 100 pounds. 



INCONSISTENCIES IN THE EQUIVALENT LINT PRICES i RESULTING FROM A FIXED 



SEED-COTTON PRICE. 



Table IV. — Seed cotton sold at ^4-50 fer 100 founds on Oct. 2, 1913.'^ 



Grade. 



Percentage of— 



Equivalent 

 lint price 

 per pound. 



Liat. 



Seed. 



Trash. 



One load of— 



S L M. Mglit tinged . 



Fer cent. 

 31.0 

 30.6 

 31.8 

 32.3 

 30.2 

 34.5 

 37.0 

 32.7 

 34.5 

 32.4 



Fer cent. 

 67.2 

 68.4 

 66.4 

 66.4 

 69.7 

 65.6 

 63.3 

 67.6 

 65.8 

 67.0 



Fer cent. 

 3.2 

 2.3 

 3.2 

 2.7 

 1.4 

 1.4 

 1.3 

 1.1 

 1.2 

 2.0 



Cents. 

 13 07 



L 11 



13.15 



L M 



12.76 



S. L. M 



12.57 



S L. M 



13.28 



S L. M : 



11.84 



M 



11.14 



M - 



12.38 



S. M 



11.83 



G M 



12.51 







Table V. — Seed cotton sold at $4 per 100 pounds on Nov. 10, 1913.^ 



Grade. 



Percentage of— 



Lint. 



Seed. 



Trash. 



Fer cent. 



Fer cent. 



Fer cent. 



29.2 



56.3 



15.8 



30.4 



66.5 



4.4 



29.6 



54.9 



16.8 



30.6 



59.3 



11.4 



33.1 



58.7 



9.7 



32.5 



60.5 



8.4 



32.3 



63.5 



5.6 



32.4 



65.1 



3.9 



33.6 



59.6 



8.3 



33.1 



62.7 



5.7 



Equivalent 

 lint price 

 per pound. 



One load of— 



O 



S. G. O 



S. G. O 



L.M 



L.M 



S. L. M. spotted 



' S. L. M. spotted 



S. L. M. spotted 



S.L.M 



S. L. M 



Cents. 

 12.48 

 11.66 

 12.36 

 11.82 

 11.03 

 XL 14 

 11.11 

 11.03 

 10.84 

 10.90 



1 For the method of determining "equivalent lint prices" see page 6. 



2 In these and following tables the initials of the different grades have been used. See Table II for full- 

 grade terms. " O," meaning Ordinary, has been used to denote cotton which was below Good Ordinary 

 in quality. 



A mere glance at these tables will show that wide variations in 

 quahties and outturns of seed cotton exist in the same market on the 

 same day. These variations result in marked inconsistencies in 

 equivalent lint prices when a uniform price is paid for seed cotton 

 regardless of its quaUty. In Table IV, a Strict Low Mddling and 

 a Low l^'Iiddling brought the two highest equivalent lint prices and 

 a Middling and a Strict Middling brought the two lowest prices, 

 while a Good Middling, the best bale, brought just above the aver- 

 age. In Table V, the seed cotton pioducing the lowest grade and 

 lowest lint outturn brought for its hnt content more per pound than 

 any other load, while the two best loads brought the two lowest 

 equivalent hnt prices. The load which produced a bale below Good 

 Ordinary in grade brought an ecjuivalent of 12.48 cents and the 

 Strict Low Middling 10.84 cents, a difference of 1.64 cents per pound, 



