The Dawson news. (Dawson, Ga.) 1889-current, 1913-12-30
PRODUCERS HAVE BEEN NEGLECTED.

vantage which may result lIom ICs
larger Weld per acre, its higher per-
centage of lint, or some strictly cult
ural characteristic.
To bring out the general relation
between the price of middling cotton
in different local markets in Okla
homa as compared with the Galveston
closing price of the preceding day
four middIing bales were selected at
different times in fifteen towns, their
range of local price noted, and diff
ference from the Galveston price de-
termined.
Difference Of SO.
1t was found that the range in
price paid in a local market for dit
ferent bales of middling cotton varied
from rs cents in Duncan to Sc a
bale in Erick, where on the same
day $500 and $500 were paid for
a bale Of this same grade.
The difference between local aver
age middling prices and the Calves
ton price varied from 60 cents in
Ryan to $500 in Marietta. There
seems to be no regularity in Varia-
lions between local prices and the
Galveston prices. In Norman at diff
ferent times the differences from the
Galveston price was $1.Q5, $2.19 and
$40. All figures are based on ran
dom sampling, but bales sold in
round lots were excluded The fig
ures do not represent the extreme
ranges on the days samples were TAX
en-, as the collectors usually secured
samples before learning the price for
which the bales were sold. That the
price of middling is often more varia-
BILE than any other is brought out by
the figures for Cordell on November
8th. A total of 10 bales we're sam
pied. OF these were middling, and
the extreme variation in price among
them was 1915; bales graded strict
low imddling, and the extreme range
in price $3.50; one bale of good mid
ding brought $50, the highest price
those thirteen bales, but
a low middiIng spotted, the poorest
bale of the 10, brought exactly the
same price.
Application of Difference Sheet.
The Investigation showed that in
the case of strict middling cotton in
the same local market the difference
in price for bales of this grade would
vary from $500 to $7.25.
In the case of low middling cotton
in seven markets the price variation
On the same day was from 1920 to
$3.50 a bale. In the case of strict
low middling cotton the variation ran
rom $3.50 to $500 per bale.
Summing up this feature of the in
gestigation it may be stated that the
fluctuations in prices paid for any
grade of cotton from day to day or
Turing any one day exceed greatly
hose justified by any change in the
buyers limits or in spot transactions
n the great cotton markets.
of Difference Sheet to
the Farmers Union.
According to the investigators the
whole question of the application of
he difference sheet in Oklahoma ap-
pears to be in a chaotic condition.
In general the premiums offered by
Oklahoma firms for grades above
are about one-half as great
as those of the New York Cotton
Exchange. For the grades below
the penalties are, in a gen.
eral way, almost twice as great. The
results of the investigation show
that the difference sheet
receives little attention in fixing the
price offered the grower.
On November 18th, 1912, bales
ranging from strict middling down to
strict good ordinary spotted were
bought in one small town at 11.05
cents per pound. Five days later
the extreme range was $500 per
bale, but the Investigators found sin
gle bales of strict middling, strict
low middling and good ordinary,
each of which sold at 1850 cents per
pound In neighboring town, with,
only two grades between the high
est and the lowest bales, the differ
ence in prices actually paid was
$7.25 bale.
A Specific ApplicN5ion OF the Differ
ence Sheet.
An analysis of the prices and pre-
miums actually paid for 7 bales of
cotton sold in Shawnee on Nov. End
shows pointedly the failure of the
present selling system to secure for
the farmer proper recognition of su-
periOr quality. This lot of samples
was found to consist of / middling,