32 AMERICAN EXPORT CORN (iiAIZB) IN EUROPE. 
LONDON CORN PHICE8 FOR FRAGMENTARY PERIODS. 
Table XII is supplementary to Table XI and compares the prices 
quoted at London for American corn and those quoted for corn of 
other corn-exporting countries, especially corn from Bulgaria, Turkey, 
India, and North and South Africa, when the corn of the latter coun- 
tries was on the market for fragmentary parts of the periods shown in 
the preceding table and was therefore not comparable in that table. 
The data shown in this table were derived from the same sources, 
and the results were obtained through the same processes as were 
those in the preceding table. The quotations shown for American. 
Argentine, and Russian corn are necessarily duplicated, but those for 
the other countries shown are not. 
The table shows the averages of the quotations for a total of 69 
weeks, during 29 weeks of winch the quotations for American corn 
averaged above and during 40 weeks of which those for American 
corn averaged below the average of all quotations for the respective 
periods, showing a total average for the whole period of 69 weeks of 
3.07 cents per bushel below the average of quotations for all corn 
shown. 
Quotations for "Cinquantina" corn have been omitted from these 
tables. This corn is similar to the pop corns of the United States, is 
composed of small, hard, and flinty kernels, is very much prized, 
especially in Great Britain, for feeding to poultry and pheasants, 
and usually brings much higher prices than corn of the ordinary 
commercial classes. 
CORN PRODUCTION, EXPORTS AND DOMESTIC VALUES. 
With regard to the economic factors which influence corn prices, 
those of supply and demand naturally occupy a prominent place and 
in order to enable the reader to weigh those factors and without 
attempting to draw elaborate conclusions therefrom, the following 
diagram and tables, which deal with the production, exports, and 
domestic values of corn, are inserted. 
Figure 7 is a 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 Corn" at Chicago, in 
cents per bushel, each year for forty years, from 186S to 1907, inclu- 
sive. 
The diagram shows the enormous general increase in the produc- 
tion of corn in the United States during the past forty years, the 
curves of export following the curves of production with remarkable 
fidelity up to the year 1S96. During the years from 1S96 to 1900, 
inclusive, the exports reached the highest points shown for the whole 
[Ctr.55] 
