6 BULLETIN 36, IT. S. DEPARTMENT OF AGRICULTURE. 
towns in the State and the range of prices on the same cotton on the 
same day in the same town, Table I is presented. 
Table I. — Variations in price of middling cotton in certain towns, and difference 
between local prices and Galveston quotations. 
Place. 
Date. 
Price of 4 selected bales. 
Balel. Bale 2. Bale 3. Bale 4 
Range 
in 
price. 
Num- 
ber of 
bales 
sam- 
pled. 
Aver- 
age 
price. 
Gal- 
veston 
price. 
Differ- 
ence. 
Duncan 
Norman 
Clinton 
Ryan 
Do 
Norman 
Do 
Wellston 
Terral 
Mountain Park. 
Caddo 
Erick 
Ryan 
Kiowa 
Luther 
Terral 
Bennington 
Terral 
Mountain Park. 
Arcadia 
Marietta 
Mountain Park. 
Marietta 
Snyder 
1912. 
Oct. 25 
..do..... 
Oct. 26 
..do..... 
Oct. 30 
..do..... 
Nov. 4 
..do..... 
..do..... 
..do..... 
Nov. 5 
Nov. 6 
..do.... 
Nov. 7 
...do.... 
Nov. 9 
Nov. 13 
Nov. 14 
...do.... 
Nov. 16 
...do.... 
Nov. 18 
Nov. 23 
Nov. 27 
$52.50 
53.50 
51.88 
51.25 
54.50 
53.75 
55.00 
57.50 
55.80 
56.25 
55.00 
52.00 
56.88 
58.13 
53.75 
56.25 
56.25 
57.00 
53.54 
55.50 
57.50 
50.25 
59.38 
60.00 
$52.50 
54.00 
52.00 
53.75 
55.00 
53.75 
56.25 
58.25 
58.00 
56. 75 
58.13 
55.63 
56.88 
58.50 
55.00 
57.00 
59.25 
58.75 
56.25 
57.00 
58.00 
55.63 
60.00 
61.00 
$52.75 
54.38 
52.25 
54.13 
56.25 
54.25 
56.75 
58.25 
59.00 
57.75 
58.75 
57.00 
56.88 
59.13 
56.25 
58.50 
60.75 
59.00 
57.50 
59.-00 
58.75 
55.63 
60.00 
61.25 
$53.25 
54.50 
52.50 
54.58 
56.25 
54.50 
57.50 
58.75 
59.50 
59.00 
59.38 
58.00 
58.00 
59.13 
56.25 
59.50 
61.85 
59.50 
58.25 
59.50 
60.00 
56.25 
62.50 
62.50 
$0.75 
1.00 
.62 
3.33 
1.75 
. 75 
2.50 
1.25 
3.70 
2.75 
4.38 
6.00 
1.12 
1.00 
2.50 
3.25 
5.60 
2.50 
4.71 
4.00 
2.50 
6.00 
3.12 
2.50 
$52. 75 
53.95 
52.16 
53.63 
55.65 
54.06 
55.65 
58.05 
58.06 
57.44 
57.81 
56.20 
57.16 
58.02 
55.31 
58.07 
59.62 
58.56 
57.08 
57.75 
58.56 
54.80 
60.32 
61.04 
$55.00 
55.00 
55.94 
55.94 
56.25 
56.25 
58.75 
58.75 
58.75 
58.75 
60.00 
60.00 
60.00 
60.00 
60.00 
61.25 
60.94 
60.73 
60.63 
60.00 
60.00 
60.00 
61.88 
63.13 
-$2. 25 
- 1.05 
- 3.78 
- 2.31 
- .60 
- 2.19 
- 3.10 
- .70 
- L31 
- 2.19 
- 3.80 
- 2.84 
- 1.98 
- 4.69 
- 3.18 
- 1.32 
- 1.17 
- 3.55 
- 2.25 
- 1.44 
- 5.20 
- 1.56 
- 2.09 
Only those towns appear in this table in which the collections on a 
given day included samples from 4 or more bales of middling cotton 
sold on that day. From these middling bales we have selected 4 
showing the lowest price paid, 2 of the intermediate prices, and the 
highest price paid. These prices, figured on the basis of a 500-pound 
bale, appear in columns headed " Bale 1," " Bale 2," " Bale 3," and 
" Bale 4." The average price given in the table is based upon the 
total number of middling bales sampled in the given town on the 
given date. The range in price represents the difference between 
the price for bale 1 and bale 4, and shows the extreme variation 
which our indiscriminate system of sampling chanced to bring to 
light. The Galveston price of the 500-pound bale, based on the 
closing quotations of the preceding day, is also shown, and the 
difference between the average price in each town and the corre- 
sponding Galveston price is also shown. In a general way these 
differences, while extremely irregular, are less than the cost of com- 
pression, insurance, and freight to the port, showing very clearly 
that for some reason not obvious a very large part of the Oklahoma 
crop sells for some premium above Galveston quotations. Various 
important cotton interests allege that these quotations are always 
below the average spot transactions of the day at the port. 
