PRIMARY COTTON MARKET CONDITIONS IN OKLAHOMA. 
25 
Table XI. — Relation of price of middling cotton at Oklahoma points to 
Galveston price. 
Place. 
Average 
Galves- 
Differ- 
Date. 
Number 
local price 
ton 
ence in 
of bales. 
per 
price per 
price per 
pound. 
pound. 
pound. 
1912. 
Cents. 
Cents. 
Cents. 
Oct. 25 
4 
10. 55 
11.00 
0.45 
Oct. 29 
4 
10.64 
11.19 
.55 
Nov. 6 
3 
11.29 
12.00 
.71 
Oct. 26 
13 
10.72 
11.19 
.47 
Oct. 30 
5 
11.13 
11.25 
.12 
Nov. 6 
4 
11.43 
12.00 
.57 
Oct. 25 
7 
10.75 
11.00 
.21 
Oct. 30 
9 
10.81 
11.25 
.44 
Nov. 4 
11 
11.33 
11.75 
.42 
Nov. 15 
2 
11.00 
12.13 
1.13 
Oct. 30 
2 
10.68 
11.25 
.57 
Nov. 4 
4 
11.54 
11.75 
.21 
Nov. 14 
7 
11.24 
12.13 
.89 
Nov. 18 
5 
10.99 
12.00 
1.01 
Nov. 21 
3 
11.60 
12.25 
.65 
Nov. 16 
5 
11.67 
12.00 
.33 
Nov. 23 
4 
12.09 
12.38 
.29 
Dec. 20 
2 
12.00 
13.00 
1.00 
Freight 
per 100 
pounds 
to Gal- 
veston. 
Duncan 
Ryan 
Norman... 
Mountain Park 
Marietta 
Cents. 
68J 
59* 
591 
59| 
71* 
71! 
71* 
71! 
76* 
76! 
76-! 
76! 
76! 
52 
52 
52 
In a general way we have presented the figures for each town 
during a period within which the Galveston price advanced approxi- 
mately 1 cent. 
In this tabulation we have included only bales which graded 
exactly middling on the official classification and have averaged the 
price of all such bales sampled and have compared this average with 
the closing Galveston quotations of the preceding day. 
It will be noted that while there are some irregularities, there is 
a very general widening of the difference between port and interior 
prices as the port price advances. In other words, while the interior 
market does respond to a rise in Galveston quotations, it responds 
rather slowly, and as long as cotton is going up in Galveston the 
margin which the interior buyers allow themselves appears to con- 
stantly increase. 
In the case of Duncan, it will be noted that with the Galveston 
quotation at 11 cents on October 25, the average street price was 
10.55 cents, or 45 points below Galveston. Two weeks later when 
the Galveston price had reached 12 cents, the average price in Dun- 
can was 71 points below instead of 45. 
The dates of collection in Ryan are closely comparable with those 
for Duncan and the figures are based on the average price of a 
larger number of bales. They show a similar tendency, though not 
quite so marked. 
The comparison for Norman is carried up to November 15. By 
this time the Galveston quotation reached 12.13 cents, and the differ- 
ence was five times as great as on October 25. 
