DISADVANTAGES OF SELLING COTTON IE" THE SEED. 



15 



It will be noticed that, of the 14 comparisons, 1 shows a gain of 

 $3.55 per bale by selling the cotton unginned and 13 show a loss 

 ranging from $4.45 to $17.70, The 205 samples of seed cotton show 

 an average loss of 1.52 cents per pound of lint or $7.59 per bale. 



A comparison between primary prices of individual bales and 

 equivalent lint prices of individual loads in the same market during 

 the same week showed that wide price variations occurred. One 

 bale of Middling sold for 13.25 cents against one load yielding the 

 same grade at an equivalent lint price of 9.98 cents. One bale of 

 Low Middling sold for 12 cents, while one load of the same grade 

 brought an equivalent of 7.56 cents. A Low Middling bale sold for 

 12.30 cents in contrast with a Strict Low Middling load at 8.18 

 cents. Three bales of Strict Low Middling sold at an average of 

 12.25 cents, while three loads of the same grade brought an average 

 equivalent of 9.93 cents. 



PRICES FOR EACH GRADE DURING SEASON THROUGHOUT STATE. 



Table X is presented in order to compare for the entire season 

 the average prices received for the several grades of cotton when 

 sold in the bale with the average prices received when sold in the 

 seed. Only the white grades have been included in this comparison. 

 The custom in the Oklahoma primary markets of classing no cotton 

 above Good Middling has been followed and all Good Middling and 

 better samples have been grouped together as Good Middling. 



Table X. — Comparison by grades, between prices secured for cotton when sold unginned 

 and when sold in the bale, during the entire season in the markets represented. 





Cotton sold in bales. 



Cotton sold in seed. 



Estimated loss by 

 selling unginned. 



Grade, 



Number 

 of bales 

 sampled. 



Price per 

 pound. 



Number 

 of loads 

 sampled. 



Price of 



seed 

 cotton. 



Equiva- 

 lent lint 

 price. 



Per 

 pound. 



Per 

 bale. 



G. 



152 

 364 

 504 

 665 

 661 

 314 

 342 



Cents. 

 9.47 

 10.39 

 11.25 

 11.99 

 12.63 

 13.01 

 13.04 



46 

 72 

 108 

 141 

 111 

 57 

 51 



$3.04 

 3.48 

 3.84 

 3.96 

 4.01 

 4.04 

 4.03 



$S. 56 

 9.74 

 . 10.90 

 11.27 

 11.25 

 11.. 53 

 11.52 



Cents. 



0.91 



.66 



.35 



.72 



L38 



1.48 



1.52 



$4.55 



S. G. 



3.25 



L.M 



1.75 



S. L. M 



3.60 



M : 



6.90 



S. M 



7.40 



G. M 



7.60 







It will be observed that the prices of cotton sold both before and 

 after ginning increased in a general way as the grade improved. 

 This was due in a large measure to the fact that most of the high grade 

 bales were sold while the prices were relatively high and most of the 

 low grade bales were sold while the prices were relatively low. How- 

 ever, as the proportion of the different grades of cotton sold in the 

 se'ed should vary throughout the season, as they do in cotton sold in 

 the bale, the figures are comparable for the entire season. 



