COTTON MARKET CONDITIONS IN NORTH CAROLINA. 



15 



Table X. — Current freight rates on cotton,: uncompressed, in cents per 100 



pounds, July 19, 1916. 





To— 



From — 



Norfolk, 

 Va. 



Wilming- 

 ton, N.C. 



Greens- 

 boro, N.C. 



Char- 

 lotte, N.C. 



Charles- 

 ton, s. c. 





Cents. 

 20 

 44 

 40 

 39 

 40 

 48 

 27 

 35 

 48 

 25 

 40 

 39 

 30 

 17 

 42 

 39 

 40 

 44 

 25 

 39 

 44 

 20 

 44 

 17 

 27 



Cents. 

 30 

 34 

 18 

 31 

 24 

 35i 

 33* 

 a 75 

 51 

 25 

 25 

 40 

 28 

 17 

 29 

 32 

 26 

 44 

 26J 

 26 

 44 

 20 

 29 

 19 

 25* 



Cents. 



37 



25 



36 



34 



26 



27 



28 



38 



38 



30 



32* 



29$ 



32 



35 



39.45 

 - 23 



29 



19 



34 



26 



23 



33 



33 



37 



30 



Cents. 

 40 



Cents. 

 45 





44 





30 



39 



30 



13 



40 



38 



16 



39* 



24 



37 



38 



40 



31.2 



33 



27 



IS 



39 



36 



18 



38 



19 



40 



37 



40 





40 





32 





51 





40 





40 





51 





45 





35 









45 





45 





42 





46 





31 





44 





45 





40 





51 





45 





31 





45 





40 







a Applies per bale of 500 pounds or less; bales weighing over 500 pounds will be charged for in proportion. 



The freight rates from all the primary markets studied in this 

 investigation to Norfolk, Va., and all other concentration points 

 affecting these markets are given in Table X. Considering the 

 fact that those points having the highest freight rates are nearer 

 to markets other than Norfolk and in practically all cases ship to 

 them, there appears to be an advantage of about $1 per bale, after 

 deducting brokerage and other charges in shipping to Norfolk. 



A comparison of all sales of cotton classed for producers, made 

 in Norfolk during the seasons of 1914-15 and 1915-16, with the 

 quotations of that market for the dates on which these sales were 

 made, shows that actual sales made at that point were uniformly 

 about 11 points higher than the quotations. However, the figures do 

 not in every instance show that the basis price on sales was higher 

 than the quotations, but that frequently the price was raised by the 

 use of better differences than those quoted. 



Indiscriminate shipping to Norfolk is not recommended, as it 

 probably would not be profitable unless the farmer knew the class 

 of his cotton. Farmers who knew the class of their cotton and 

 shipped to Norfolk were fortunate in the sale of their cotton. Since 

 this city quotes what is supposed to be the daily prevailing price, 

 the shippers were able to refuse offers which they knew were 

 not in accordance with current quotations. As an example, one 

 farmer who had class cards shipped 45 bales to a broker, with 



