AMERICAN EXPORT CORN ( MAIZE ) IN EUROPE. 



33 



period. From 1901 to 1907, inclusive, or (luriii<,^ the last seven years 

 of the period, the exports compared with the jjrodiiction show a re- 

 markable proportionate decrease in the foreign corn trade. 



The curves of export com})ared with the curves of price show prior 

 to 1902, where the exports of any one year reached 50 million bushels 

 or more, that the average Chicago December price, on the basis before 

 mentioned, was 40 cents per bushel or below, with the following excep- 

 tions: During 1875, 50 million bushels were exported at 43 cents per 

 bushel; during 1876, 72^ million bushels at 41^ cents; during 1877, 87 



i 





i5 



5 



Pi 







S2 



!2 



5 



0) 



SP 









300 



£90 



280 



S70 



S60 



2S0 



S40- 



230 



sso 



210 

 200 

 /90 



leo 



170 

 160 



/so 

 Ufa 



130 



/ao 

 no 



100 

 30 



ao 



70 

 60 

 50 

 40 

 30 

 20 

 10 

 



COftN P/fOOi/CTYO/V //V /Ofl^/U/OA/ B(/S. 



COKA/ cxpo/fTS f.^s/i/. wcwoeoj w 



/ M/LLW/V BUS»eLS. 



AI7effAG£ C HIGH A/VO LOIV PRIC£S Of 



DECEMBCft /I/O 2 COf/V AT CHICAGO. 



Fig. 7.— Diagram showing the production of corn, in 10 million bushels, in the United States, the exports 

 of corn (including corn meal), in 1 million bushels, from the United States, and the average of the high 

 and low prices of December "No. 2 Com" at Chicago, in cents per bushel, each year for forty years, from 

 1868 to 1907, inclusive. 



million bushels at 46 cents; during 1879, 99imillionbushelsat 41 J cents, 

 and during 1891 there were exported 76^ million bushels at 49 cents 

 per bushel. From 1902 to 1907, inclusive, or during the last five j^ears 

 of the period, the exports each year have exceeded 50 million bushels 

 and the December price has remained above 40 cents per bushel. 

 The largest quantity exported at the highest December price during 

 any one year for the whole period \vas during 1905 when 119 million 

 bushels were exported at an average Chicago December price of 46^ 

 cents per bushel. 



[Clr. 55] 



