10 BULLETIlSr 375^ U. S. DEPAETME^TT OF AGEICULTUKE. 



- These data furnish comparisons between loads of seed cotton 

 yielding identical quality of lint, which were sold in the same market 

 during the same week. One comparison showed a price variation 

 between bales of $26.05; 4 showed variations of from .$20 to $25; 

 5 from $15 to $20; and 15 from $10 to $15. The maximum vari- 

 ation shown is 5.21 cents per pound between two Good Ordinary- 

 loads sold in Kingfisher during the week of November 22. By 

 comparing the price of 9.65 cents obtained for one bale with the 

 port quotations for this grade, and allowing for freight and other 

 charges incident to delivery, it appears that even the higher priced 

 bale was not overvalued. It follows, therefore, that the seller of 

 the lower priced bale received for the lint content of his load at 

 least $26.05 less than was his just due according to spot quotations at 

 New Orleans. 



When it is considered that this survey extended over a period of 

 nearly 4 J months and covered 9 different markets, but that an 

 aggregate of only 881 loads was sampled and that the maximum 

 collection in any one market per week was only 20 samples, it is 

 apparent that but a small number of samples would faU on the same 

 grade during the same week in the same market. In Table VI 

 only 4 cases are shown where the number of comparable bales is 

 more than 5. It may be assumed, therefore, that these samples in 

 most cases do not represent the widest variations ia the seed-cotton 

 markets, and that in many instances the variations ia equivalent 

 lint prices exceed $10 per load for seed cotton containing lint of 

 equal commercial value. 



PRICES RECEIVED FOR THE LOWEST AND HIGHEST GRADE BALES IN 

 THE SAME MARKET DURING THE SAME WEEK. 



In 40 of the 84 collections made during this survey, the load con- 

 taining the bale of lowest quality brought more for its Hnt content 

 than did the load containing the bale of highest quahty. Table VII 

 is presented to bring out these 40 comparisons. The number of loads 

 sampled and the lowest and highest grade bales produced from the 

 loads of each coUection, with their respective equivalent hnt prices, 

 are shovm. 



Table VII shows that in Anadarko a bale below Good Ordinary in 

 grade brought 12.48 cents against 10.87 cents for a Strict Low 

 Middhng bale. In Coyle, two Low IMiddling bales averaged 13.73 

 cents against a Strict Good Mddhng 12.69 cents. In Crescent, a bale 

 below Good Ordinary brought 9 cents against a Strict Low Mddling 

 one at 8.57 cents. In Crowder, a Good Ordinary bale brought 12.16 

 cents, while a Low j\Iiddhng spotted bale brought 10.50 cents per 

 pound. 



