8 BULLETIN 375, U. S. DEPARTMENT OF AGRICULTURE. 
the lint outturn varies 4.4 per cent; the seed outturn, 11.6 per cent; 
trie trash, outturn, 12.9 per cent; and the equivalent lint price, 1.64 
cents per pound; yet these loads brought uniformly $4 per 100 pounds. 
INCONSISTENCIES IN THE EQUIVALENT LINT PRICES* RESULTING FROM A FTXED 
SEED-COTTON PRICE. 
Table IV. — Seed cotton sold at $4.50 per 100 pounds on Oct. 2, 1913. 2 
Grade. 
Percentage of— 
Equivalent 
lint price 
per pound. 
Lint. 
Seed. 
Trash. 
One load of— 
S. L. M. light tinged 
Per cent. 
31.0 
30.6 
31.8 
32.3 
30.2 
34.5 
37.0 
32.7 
34.5 
32.4 
Per cent. 
67.2 
68.4 
66.4 
66.4 
69.7 
65.6 
63.3 
67.6 
65.8 
67.0 
Per cent. 
3.2 
2.3 
3.2 
2.7 
1.4 
1.4 
1.3 
1.1 
1.2 
2.0 
Cents. 
13 07 
L. M 
13.15 
L. M 
12.76 
S L. M 
12.57 
S L. M 
13. 9 8 
S L. M 
11.84 
M 
11.14 
M 
12.38 
S. M 
11.83 
G. M 
12.51 
Table V. — Seed cotton sold at $4 per 100 pounds on Nov. 10, 1913. 2 
Grade. 
Percentage of— 
Lint. 
Seed. 
Trash. 
Per cent. 
Per cent. 
Per cent. 
29.2 
56.3 
15.8 
30.4 
66.5 
4.4 
29.6 
54.9 
16.8 
30.6 
59.3 
11.4 
33.1 
5S.7 
9.7 
32.5 
60.5 
8.4 
32.3 
63.5 
5.6 
32.4 
65.1 
3.9 
33.6 
59.6 
S.3 
33.1 
62.7 
o. 2 
Equivalent 
lint price 
per pound. 
One load of— 
O 
S. G. O 
S. G. O 
L.M 
L. M 
S. L. M. spotted 
S. L. M. spotted 
S. L. M. spotted 
S. L.M 
S. L. M 
Cents. 
12.48 
11.66 
12.36 
11.82 
11.03 
11.14 
11.11 
11.03 
10.84 
10.90 
i For the method of determining "equivalent lint prices" see page 6. 
2 In these and following tables the initials of the different grades have "been used. See Table II for full- 
grade terms. a O," meaning Ordinary, has been used to denote cotton which was below Good Ordinary 
in quality. 
A mere glance at these tables will show that wide variations in 
qualities and outturns of seed cotton exist in the same market on the 
same day. These variations result in marked inconsistencies in 
equivalent lint prices when a uniform price is paid for seed cotton 
regardless of its quality. In Table IV, a Strict Low Middling and 
a Low Middling brought the two highest equivalent lint prices and 
a Middling and a Strict Middling brought the two lowest prices, 
while a Good Middling, the best bale, brought just above the aver- 
age. In Table V, the seed cotton producing the lowest grade and 
lowest lint outturn brought for its lint content more per pound than 
any other load, while the two best loads brought the two lowest 
equivalent lint prices. The load which produced a bale below Good 
Ordinary in grade brought an equivalent of 12.48 cents and the 
Strict Low Middling 10.84 cents, a difference of 1.64 cents per pound, 
