The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1918-10-23

cottonseed
The food administration fixed the
price of cotton seed in accordance with
request of the producers made to the
food administration early in August.
This request was that the price OF
cotton seed should be stabilized On a
basis of $40 per ton, carload lots for
seed containing II gallons Of Oil.
Price Of Seed.
The price of seed is based upon the
value of the products consisting of Oil,
meal, hulls and lint When the amount
of these products in the seed is de-
terruined and the value Of them ar
rived seed is then worth the total
of these figures after deducting the
cost OF crushing including the profit.
Oil.
The best price that the food ad-
ministrator could get for Oil was
s1.31 IA per gallon. The price OF cot
ton seed oil is to a large degree regu-
lated by other oils; and there was no
way of getting higher price.
The seed in South Carolina last
wear contained 426 gallons Of Oil and
| the price was fixed on that basis. Had
the seed contained the am ount OF OIL
that it did last year there would have
been no necessity for the change OF
price.
Meal.
The price Of meal was arrived at
upon a national basis, since il the
meal is put too low it is an Injustice
to the farmer, and if it is put too
high there will. be no market there
| for. The food administration set a
| price of s53 f. o. b: mills with the
provision that that price should pre-
vail for any quantity Of meal Last
year the seed contained $40 pounds
of meal, and that figure was used as
basis for. the yield this year. The
quantity of meal in seed increases
when the oil is less and decreases when
the oil content is high.
Lint
The price Of lint is fixed by the
war industries board, since all OF the
lint is used in the manufacture of am
nutrition. The price fixed b. the war
industries board is s.0467 Cor four
| cents and 6.7 1nills) per pound. The
! food administration has done all In
its power to have the price of lint in
creased, but so far it has not been
successful. In former years the mills
produced about 112 pounds of lint to
| ton of seed, but this year the war
industries board required the mills to
get 145 pounds Of lint, as all the lint
obtainable. was needed for the manu-
facture of munitions. This increased
| produstion of lint has increased the
cost of crushing seed.
Hulls.
1Iulls are used largely for cattle
feed but also in the manufacture OF
| munitions. The food administra-
ton put price of $40 per ton t. o. b.
mills in any quantity. The amount OF
hulls in seed varies as the other con-
tents vary, but last year the seed in
South Carolina produced 400 pounds
of hulls.
Spread Allowed.
In regulating the cotton seed IN
dustry the food administration ha:
decided upon the cost to be allowed
! the mills for crushing, the frelgh
and the profit.
Cost of Crushing.
After making exhaustive examlna
tons on it's account and examining
the report of the federal trade com
mission, which examined the books o
the oil mills, the food administration
decided that the proper cost of crush
ing a ton of cotton seed is $3.50. The
Mills are allowed a profit Of SO pei
ton Of cotton seed and the average
freight which they pay, which is $:
ger ton.
From the above it will be seen tina
the price of seed was arrived at a.
follows:
1850 gallons of oil at
S1.s1 IA :. $55.91 IA
$40 pounds meal at s53
per ton. z4.Sl
4sO pounds hulls at $40
per ton.... :. 4.90
145 TBS lint at .0467