14 



BTJLLETIX 375, U. S. DEPAETMEXT OF AGEICULTUKE. 



PRICES RECEIVED FOR LINT COTTON COMPARED WITH EQUIVALENT 

 LINT PRICES OF SEED COTTON. 



PRICES IN SAME MARKET DURING SAME WEEK. 



During the progress of this investigation, an additional survey 

 was made of conditions attending the sale of lint cotton, which re- 

 sulted in the accumulation of data on the sale of 4,533 bales, which 

 may be considered fairly representative of the entire season and the 

 entire cotton area of Oklahoma. There were 14 instances in which 

 both lint and seed-cotton samples were collected in the same market 

 during the same week. Table IX is presented to show these 14 

 collections and to compare the prices obtained in marketing cotton 

 by the two methods. 



The differences in average selling price per pound have been 

 reached by subtracting the average equivalent lint prices from the 

 average prices of lint cotton without regard to grade. The differ- 

 ences in value on account of grade have been figured on the basis of 

 New Orleans spot quotations. In 3 comparisons, the average value 

 of the lint sold in the seed was found to exceed the average value of 

 the lint sold in the bale, but in all other cases the average value of 

 that sold in the bale was greater. A weighted average of the differ- 

 ences in average value shows that the cotton represented by the 

 lint collections was worth 15 points more than that represented by 

 the seed-cotton collections. If the small gin had turned out as 

 good a quality as that produced by commercial gins, it is probable 

 that the cotton sold in the seed would have appeared approximately 

 equal in value to that sold in the bale, and this difference of 15 points 

 would not have appeared. 



Table IX. — Conqmrison betiveen prices received for ginned and unginned cotton in the 

 same market dwnng the same iveeh. 





Number 



of 



bales 



sampled. 



Average 

 lint 

 price 

 per 



pound. 



Number 



Of 



loads 

 sampled. 



Average 

 equiva- 

 lent 

 lint 

 price 

 per 

 pound. 



Differ- 

 ence in 

 average 

 selling 

 price 

 per 

 pound. 



Differ- 

 ence 

 in 



average 

 value 

 per 



pound. 



Estimated loss— 



Weet 

 ending — 



Per 

 pound. 



Per 

 bale. 



Sept. 13 



50 

 50 

 49 

 49 

 50 

 60 

 44 

 62 

 37 

 48 

 47 

 32 

 83 

 22 



Cents. 

 12.79 

 12.95 

 13.22 

 13.41 

 12.66 

 12.04 

 12.05 

 12.24 

 11.71 

 11.21 

 11.35 

 11.86 

 10.67 

 10.76 



20 

 19 

 11 



18 

 18 

 18 

 20 

 20 

 10 

 10 

 10 

 11 

 10 

 10 



Cents. 

 11.67 

 10.75 

 12.22 

 12.34 

 10.12 

 10.67 

 10.80 

 10.54 

 10.22 

 8.67 

 11.44 

 9.47 

 8.50 

 7.61 



Cents. 

 1.12 

 2.20 

 1.00 

 1.07 

 2.54 

 1.37 

 1.25 

 1.70 

 1.49 

 2.54 

 1.09 

 2.39 

 2.17 

 3.15 



Cents. 



0.03 



1.06 

 .02 

 .18 

 .32 

 .06 

 .11 

 .48 



1.11 

 .31 

 .62 

 .46 

 .OS 



1.39 



Cents. 

 1.09 

 2.26 

 .98 

 .89 

 2.22 

 1.31 

 1.14 

 L22 

 1.60 

 2.23 

 a. 71 

 1.93 

 2.09 

 3.54 



$5.45 



Sept. 20 



11.30 



Sept. 27 



4.90 



Oct. 4 



4.45 



Oct. 11 



11.10 



Oct. 18 



6.55 



Oct. 25 



5.70 



Nov. 1 



6.10 



Nov. 8 



8.00 



Nov. 15 



11.15 



Nov. 15 



»3.55 



Nov. 22 



9.65 



Nov. 22 



10.45 



Nov. 29 



17.70 







Summary 



683 



12.07 



205 



10.56 



n.67 



.15 



1.52 



7.59 



1 Indicates particular figures in favor of seed cotton; all others in favor of Lint cotton, 

 s Indicates a gain; all other extensions represent losses. 



3 The summarized difference in average selling price has been reached by weighting by the niunber of 

 loads. 



