PRIMARY COTTON MARKET CONDITIONS IN OKLAHOMA. 
9 
extreme variation in price among them was $5; 3 bales were strict 
middling, and the extreme variation in price among them was 
$3.75 ; 5 bales graded strict low middling, and the extreme range in 
price was $2.50; 1 bale of good middling brought $60, the highest 
price among these 13 bales. This would indicate that the local mar- 
ket had some accurate appreciation of grades were it not for the 
fact that a low middling spotted, the poorest bale of the 13, brought 
exactly the same price. 
The facts summarized in this chapter seem to furnish a definite 
answer to one of the questions in which every grower has a right to 
be interested and show that neighbors selling middling cotton in the 
same market on the same day do frequently receive radically dif- 
ferent prices, involving great injustice to one or the other. 
IRREGULARITIES IN PRICES PAID IN SAME MARKETS ON THE SAME 
DATES FOR IDENTICAL COTTON. 
As throwing further light on the extent to which distinctions are 
made between grades and the uniformity or lack of uniformity of 
prices paid for identical grades in primary markets, brief tables 
have been prepared, including 21 different towns, to show the dif- 
ferences in price between 2 bales of identical grade sold in these 
markets on the same dates. These towns cover geographically almost 
the entire cotton-producing area of the State. The tables have been 
separated by grades, tabulations being made for strict middling, low 
middling, and strict low middling, while table V includes the highest 
and lowest grades and various tinges. Tables II, III, and IV have 
been arranged by dates on which the sales recorded took place, Table 
V in descending order of grades. 
Tables II, III, IV, and V. — Variations in prices paid for 500-pound bales of 
same standard grade on given dates in certain selected towns. 
II.— STRICT MIDDLING COTTON. 
Date. 
Place. 
Variation. 
Date. 
Place. 
Variation. 
1912. 
Oct. 29 
Purcell 
$2.50 
3.00 
5.75 
2.00 
7.25 
1912. 
Nov. 14 
16 
18 
18 
Terral 
$3.50 
Nov. 2 
Terral 
Wanette 
4.25 
4 
Erick 
Marietta 
3.25 
9 
Okemah 
Okemah 
2.50 
11 
III.— LOW MIDDLING COTTON. 
Date. 
Place. 
Variation. 
Date. 
Place. 
Variation. 
1912. 
Nov. 7 
Terral 
$4.50 
5.00 
5.50 
9.38 
12.50 
1912. 
Nov. 26 
27 
29 
Dec. 30 
$3.75 
9 
Erick 
Hobart 
5.00 
9 
Terral 
Norman 
6.25 
11 
Mangum 
Marietta 
2.20 
12 
Terral 
11835°— 13- 
