300 



CORN 



TABLE NO. 69 



*PER CENT OF CORN CROP OF UNITED STATES EXPORTED 

 1900-1914 INCLUSIVE 



Year 



Per cent 



1900_ 

 1901- 

 1902_ 

 1903_ 

 1904. 

 1905. 

 1906_ 

 1907. 



.10.3 



_ 8.6 



- 1.8 



_ 3.0 



_ 2.6 



_ 3.6 



. 4.4 



_ 2.9 



Prices of Export Corn. From 1896 to 1900 the average price of 

 export corn was 36.9 cents per bushel. During the same time the 

 average price of corn sold on the domestic markets was 28.5 cents per 

 bushel. Taking a twenty-six year average, from 1881 to 1907, the 

 average price was 52.9 cents per bushel on corn for export, and 40.1 

 cents per Inishel for domestic markets. The current price of corn at 

 the export terminal markets, however, would naturally be greater 

 than the average domestic price, owing to added shipping charges, etc. 



American grain destined for foreign markets is sold C. I. F. (cost, 

 insurance, freight), the marine insurance and ocean freight being in- 

 cluded in the cost. 



Drying Export Corn. *"For several years, complaints were made 

 as to the conditions in which our export grain, especially corn, ar- 

 rives in European ports. A representative of this Bureau 

 (Plant Industry) visited the principal grain-holding ports of Europe 

 and made careful inquiries to determine how far these reports were 

 founded on fact and how far they were colored in the interest of the 

 purchaser on the other side. 



"It is to be regretted that many cargoes of corn from the United 

 States have arrived in European ports in damaged condition. In 

 Rotterdam, nearly 10 per cent of our corn received in 1904 was 

 damaged. The same condition exists in other ports and has seriously 

 mjured the reputation of corn from the United States. The result has 

 been an increased European trade in corn from the Argentine Repub- 

 lic, our only important competitor. 



"The trade in Argentine corn has grown, both because it is sold in 

 London by tons, and because it stands shipment better than corn from 

 this country on account of its hard, flinty character. 



*Vear Book United States Department of Agriculture. 



