10 BULLETIN 375, U. S. DEPARTMENT OF AGRICULTURE. 
These data furnish comparisons between loads of seed cotton 
yielding identical quality of lint, which were sold in the same market 
during the same week. One comparison showed a price variation 
between bales of $26.05; 4 showed variations of from $20 to $25; 
5 from $15 to $20; and 15 from $10 to $15. The maximum vari- 
ation shown is 5.21 cents per pound between two Good Ordinary 
loads sold in Kingfisher during the week of November 22. By 
comparing the price of 9.65 cents obtained for one bale with the 
port quotations for this grade, and allowing for freight and other 
charges incident to delivery, it appears that even the higher priced 
bale was not overvalued. It follows, therefore, that the seller of 
the lower priced bale received for the lint content of his load at 
least $26.05 less than was his just due according to spot quotations at 
New Orleans. 
When it is considered that this survey extended over a period of 
nearly 4 J months and covered 9 different markets, but that an 
aggregate of only 881 loads was sampled and that the maximum 
collection in any one market per week was only 20 samples, it is 
apparent that but a small number of samples would fall on the same 
grade during the same week in the same market. In Table VI 
only 4 cases are shown where the number of comparable bales is 
more than 5. It may be assumed, therefore, that these samples in 
most cases do not represent the widest variations in the seed-cotton 
markets, and that in many instances the variations in equivalent 
lint prices exceed $10 per load for seed cotton containing lint of 
equal commercial value. 
PRICES RECEIVED FOR THE LOWEST AND HIGHEST GRADE BALES IN 
THE SAME MARKET DURING THE SAME WEEK. 
In 40 of the 84 collections made during this survey, the load con- 
taining the bale of lowest quality brought more for its lint content 
than did the load containing the bale of highest quality. Table VII 
is presented to bring out these 40 comparisons. The number of loads 
sampled and the lowest and highest grade bales produced from the 
loads of each collection, with their respective equivalent lint prices, 
are shown. 
Table VII shows that in Anadarko a bale below Good Ordinary in 
grade brought 12.48 cents against 10.87 cents for a Strict Low 
Middling bale. In Coyle, two Low Middling bales averaged 13.73 
cents against a Strict Good Middling 12.69 cents. In Crescent, a bale 
below Good Ordinary brought 9 cents against a Strict Low Middling 
one at 8.57 cents. In Crowder, a Good Ordinary bale brought 12.16 
cents, while a Low Middling spotted bale brought 10.50 cents per 
pound. 
