12 THE FARMER'S OUTLOOK 



In the first place, it must at once be realised 

 that the diminished exports of wheat and the 

 almost complete cessation of meat exports 

 from the United States have vitally affected 

 the world's markets. The changes in greater 

 detail will be considered in subsequent chapters. 

 The table on the opposite page sets forth our 

 wheat imports giving the averages in quin- 

 quennial periods from 1880-1904, and from that 

 date the sources of our annual wheat imports 

 up to 1912, showing the extent to which 

 the supplies from the United States have dimin- 

 ished. 



