10 
BULLETIN 36, U. S. DEPARTMENT OF AGRICULTURE. 
IV.— STRICT LOW MIDDLING COTTON. 
Date. 
Place. 
Variation. 
Date. 
Place. 
Variation. 
1912. 
Nov. 2 
Terral 
S4.20 
4.69 
4.75 
6.75 
6.25 
4.50 
2.50 
1912. 
Nov. 18 
21 
25 
26 
30 
Dec. 2 
18 
Okemah 
$2.50 
4 
Erick 
3.75 
Caddo 
3.75 
Snyder 
4 37 
9 
Erick 
5.00 
9 
Terral 
Duncan 
10.00 
11 
3.00 
-HIGH AND LOW GRADES AND TINGES. 
Grade. 
Place. 
Date. 
Variation. 
Good middling 
Strict middling tinged 
Do 
Do 
Do 
Low middling tinged. 
Strict good ordinary. . 
Good ordinary 
Pureell... 
Noble 
Byars 
Durant . . 
Lawton.. 
Madill... 
Terral..., 
Mangum. 
1912. 
Oct. 30 
Nov. 21 
..do.... 
Dec. 4 
Dec. 12 
Dec. 20 
Nov. 8 
Nov. 7 
S5.00 
5.00 
5.00 
5.00 
5.00 
7.50 
7.00 
19.25 
It will be observed that certain towns appear in all of these tables 
and in some of them more than once. This is because our collections 
were made in these places in sufficient volume and including sales on 
enough different dates to show that the conditions indicated were not 
confined to any particular period in the crop year. Wide variations 
in the price for identical cotton occurred almost daily throughout 
the season and cover every grade and quality of cotton offered. As 
was pointed out in the discussion of the variation in prices of mid- 
dling, it is always to be remembered that our figures are based on 
such a small proportion of the total sales in any one town that it 
is extremely unlikely that the greatest variation which we show in 
any case is as great as that which actually occurred many times dur- 
ing the season in the particular town discussed and in the surround- 
ing towns. A general inspection of these tables will show that the 
extreme variation found in the price of 2 bales of strict middling on 
any one date in the same market occurred at Mountain Park on 
November 11, when 1 strict middling bale brought $7.25 more than 
another, the widest variation brought to our attention in the price 
paid for middling at any one place and date having been $6. 
Dropping to low middling, the second grade below middling, we 
note that, on November 11, 2 bales of this grade sold in Mangum at a 
difference in price of $9.38 ; that the next day in Terral there was a 
discrepancy of $12.50 between 2 such bales ; and that in Norman, on 
November 29, 2 low middling bales differed in price by $6.25. 
The strict low middling table shows that, on November 7, 2 identi- 
cal bales differed in price by $6.75 at Snyder ; two days later, 2 similar 
