COTTON MARKET CONDITIONS IN NORTH CAROLINA. 



11 



or $1.50 per bale, higher than prices received in the 11 towns at which 

 cotton was not classed before sale. Furthermore, not a single town 

 in which unclassed cotton was sold shows a higher average price than 

 the average price for the same grades and dates in the three towns 

 where classed cotton was sold. It will be observed that the average 

 length of staple of cotton sold in towns where it was classed for pro- 

 ducers is slightly less than the average length of staple where un- 

 classed cotton was sold. 



Special attention is called to Goldsboro as compared with Tarboro 

 for the season 1914-15, in Table V. In this table Tarboro with 

 classed cotton averages 15 points higher, or 75 cents per bale more 

 than Goldsboro with unclassed cotton. A comparison of all 

 sales on coinciding grades and dates for classed cotton during the 

 1915-16 season shows that the classed cotton sold at Goldsboro aver- 

 aged 10 points higher than classed cotton sold at Tarboro. This indi- 

 cates a net gain of 25 points, or $1.25 per bale, for classed cotton as 

 compared with unclassed cotton sold in the same town. 



Using the figures given in this table as a basis of comparison, it ap- 

 pears that had all the cotton produced in the Coastal Plain section 

 been classed before sale the producers would have received approxi- 

 mate^ $1.50 per bale, or about $800,000, more than actually was 

 received. 



PIEDMONT SECTION. 



The prices received for cotton classed before sale at Charlotte com- 

 pared with prices received for unclassed cotton of the same grades 

 sold on the same dates at other towns in the Piedmont section during 

 the 1915-16 season are shown in Table VII. Classed cotton sold at 

 Charlotte brought an average of 6 points, or 30 cents per bale, more 

 than unclassed cotton sold at the other seven towns, notwithstanding 

 the fact that the average length of staple of the cotton classed before 

 sale was only 0.95 inch and the average length of staple of the un- 

 classed cotton was 0.99 inch. 



Table VII. — Comparison of average price received for classed cotton and tin- 

 classed cotton of the same grades sold on the same days at toivns in the Pied- 

 mont section during 1915-16 season. 



[Prices in boldface figures apply to town in boldface type. Prices in ligbtface figures 

 apply to town in lightface type.] 





Markets selling unclassed cotton. 



Aver- 

 age. 



Aver- 



Market selling classed 

 cotton. 



Gas- 

 tonia. 



Kings 

 Moun- 

 tain. 



Louis- 

 burg. 



Raleigh. 



Salis- 

 bury. 



States- 

 ville. 



Wades- 

 boro. 



length 



of 

 staple. 



Charlotte 



Cents. 

 12.03 

 11.80 



1.06 



Cents. 

 11.92 

 11.92 



1.03 



Cents. 

 11.58 

 11.87 



.94 



Cents. 

 11.80 

 12.02 



.94 



Cents. 

 12.11 

 12.03 



.94 



Cents. 

 11.83 

 11.85 



1.03 



Cents. 

 11. 6S 

 11.92 



1.00 



Cents. 

 11.85 

 11.91 



Inches. 



1.00 



.95 



Length of staple in each town. 









