VMI RIC V s - EXPOB1 I "i;.\ ( M \l/l ) IN M ROP] . 
period. From 1901 to 1907, inclusive, or during the last seven years 
of the period, the exports compared with the production show a re- 
markable proportionate decrease in the foreign corn trade. 
The curves of export compared with the curves of price Bhow prior 
to 1902, where the exports of an\ one pear reached 50 million bushels 
or more, that the average Chicago I December price, on the basis before 
me ni toned, w ;^ Id cents per bushel >>r lirlc.w , « it h the follow ing'fiicep- 
tions: During 1X75,50 million bushels were exported al 13 ceifl 
busnVl; during 1*70, 7"_M million bushels al HJ cents; during LWr7,87 
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Fig. 7. Diagram showing the production of corn, In 10 million bushels, In ti 
of com (Including i orn meal), in 1 minion bushels, from 
and low prices of December ■■ No. - Corn" al Chicago, In oanta per bushel, e ich y.-,ir (or !.>rty j ears, from 
- • to 1907, Inclusive. 
million bushels al 16 cents; during 1879, 99$ million bushels al 11 J cents, 
and during 1891 there were exported 76$ million bushels al ('» cents 
per bushel. From 1902 to 1907, inclusive, or during the lasl live vents 
of the period, the exports each year have exceeded 50 million bushels 
and the December price has remained above H> cents per bushel. 
The largesl quantity exported al the highesl December price during 
any one year for the whole period was during 1905 when 1 19 million 
bushels were exported at an average Chicago December price of 46$ 
cents per bushel. 
[Cir. .V)] 
