AMERICAN EXPORT CORN (mAIZE) IN EUROPE, 29 



market at one and the same time during each three-month period being 

 shown, together with the average price quoted for the corn of each 

 country for each period. From this table it will be seen that the aver- 

 age of the prices quoted for American corn for 301 weeks of the whole 

 period of six years was 66.13 cents per bushel; that for 288 weeks of 

 the whole period the average of the prices quoted for corn from 

 Argentina was 65.9 cents per bushel; wliile for another 288 weeks of 

 the period the average of the prices quoted for Russian corn was 

 69.55 cents per bushel. 



American, Argentine, and Russian corn were quoted as ha\'ing been 

 on the market 275 of the same weeks during the whole period, and 

 the averages of those quotations are as follows: American, 66.16 

 cents; Argentine, 65.75 cents, and Russian, 69.54 cents per bushel, 

 respectively. 



Based upon the average prices shown for each three-month period 

 and the number of weeks the corn of the various countries was quoted 

 as having been on the market during each of those periods, Ameri- 

 can corn was quoted at an average of 8.82 cents per bushel above the 

 average quotations for all corn on the market at the same time during 

 the period ended September 30, 1902, and 2.79 cents per bushel above 

 the average of quotations for all corn on the market at the same 

 time during the period ended December 30, 1902. 



During the two following periods, ended March 31 and June 30, 

 1903, the averages for American corn were, respectively, 3.86 cents and 

 4.73 cents per bushel below the averages of the quotations for all corn 

 on the market at the same time during those periods. By referring 

 to the periods ended March 31 and June 30, 1905, it will be seen that 

 the averages of the quotations for American corn were below the aver- 

 ages of quotations for all corn for those periods, 9.63 cents and 9.28 

 cents p^r bushel, respectively, and during the period ended March 

 31, 1906, the average of the quotations for American corn reached 

 11.8 cents per bushel below the avenge of the quotations for all corn 

 on the market during that peiiod. Since July 1, 1906, the prices as 

 shown have been more favorable to the American corn. 



Based upon the London prices quoted for all corn on the market 

 during the whole period of six years, and considered b}^ the number 

 of weeks the corn of each country was quoted during the period.^ the 

 average of the quotations for American corn was 1.42 cents per bushel 

 below the average of the prices quoted for the corn of all countries on 

 the market for the whole periotl. 



Based upon the prices quoted for all corn on the market for the 

 288 weeks previously referred to out of a total of 301 weeks, the 

 prices quoted for Argentine corn averaged 1.69 cents per bushel below 

 and for another 288 weeks Russian corn averaged 2.05 cents per 

 bushel above the averages of the prices quoted foi the corn of all coun- 

 tries for a like number of the saiiie weeks. 



[Cir. 55 J 



