The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-03
$68 TO SIS ARE
NEW COTTONSEED
PRICES IN STATE
These Figures, Fixed by Food
Administration Officials,
May Be Followed BY With
draWaI of Some Mills.

New C~ottonseed prices for Tennessee,
ranging from SOS to SIS per ton, nave
been announced by the state food ad-
miniStratiOn.
State Food Administrator II. A. Nor
gan and Paul billiard, state C~ottonseed
industry representative, have issued the
following:
Effective Dec s, and until further
notice, the price of C~OttOnseed in Ten
Eessee is established at $1l, in car lots
f. Q. b. railroad stations, and S6S for
wagon seed at railroad stations. This
price Is based upon analysis by J. w.
Sample, state chemist, OF cottonseed
ginned Nov, Is.
"A price Of 500, basis car lots, +. Q,
b. river bank, is established at points
on the Mississippi river. At points on
the Tennessee, and other rivers within
the state, a delivered price to mill
points of SIS is announced. The varia-
ton in establishing prices for river
seed Is desirable on account of the diff
ference existing in freight rates. Mills
are to return sacks, or make satisfac-
tory settlement with owners for sacks,
on river seed"
In addition, Mr.. billiard issued a
statement based on Information reach
ing him that some OF the mills in
Tennessee do not propose to buy seed
on the basis Of prices fixed therefor
He intimatcs that a number of these
mills have Signified Vlelr intention of
Withdrawing from the market and he
makes the supplemental statement in
order that ginners and independent
buyers may be acquainted with the sit
uation. His statement is given here
with:
THE price of 81 for Tennessee cot
tonseed, in car lots. at railroad sta
lions, and SOS for less than car lots
effective Dec. 3, is in my opinion a
FAIR price. based on the pan of stabilt-
cation recommended by the cottonseed
producers, and accepted by the United
States food administration.
The interest of the oil mills pur-
chasing Tennessee seeC has received
special consideration, in hat a work
Ing loss of 1875 pounds per ton instead
OF 100 pounds, as formerly, is used in
our calculation, and hulls are valued at
slipper ton, for the purposes of this de-
termination of seed prices, instead of
the official price for huIls of SIG per
ton. Yet, | regret to say that a num-
Der of the crushers have notified me
that their mills would decline to pur-
| chase tennessee seed at any advance
in price, and | feel tnat | should ac-
quaint dealers and gInners of this
| situation,
1t is Il matter of agreement between
the food administration ana the Ten
nessee Cottonsecd Crushers' association
that the price for CottOnseed would be
based upon the quantity of products de-
termlned by analysis, valued at official
stabilized prices for such products, The
food administration has Il right to en-
peCt seed to be bought under that
agreement. | believe tnat many of the
mills will continue their purchases as
formerly, yet a sufficient number have
indicated their intention Of withdraw
ing from the market to indicate the
ACCESSIBILITY Of informing Independent
seed buyers of the possibility Of n re
Stricted outlet, The FOOD administra-
ton feels obliged to inform cottonseed
producers of the increased oil contents
Of seed and to determine prices &C
C~Ordingly."