Daily press. [volume] (Newport News, Va.) 1896-current, 1906-12-09
Has Been Wonderful Growth In
This Line Of Business During
The Past Few Years.
DAIRY PRODUCTS ALSO INCREASE
Tendency Now is Not to Sell the
Corn But to Convert It Into Meal
Before Placing it on the Market
No Reduction in Demands From
Abroad.

worth OF meat and dairy products
VIII have passed out OF the United
States into tho markets of other
parS or the world In the year end
ing with the present month. This
enormous total of $50 million dol
lars worth Of meat and dairy pro-
ducts Is made up of little over
2oo million dollars worth of meats,
80 million dollars worth of cattle,
and about 10 million dollars worth
OF butter, cheese, and milk. The
ten months record already anoun-
ccd by the bureau OF statistics of
the department of Commerce anu
Labor shows expectation of meat
anu meat products to the value of
172 million dollars, against LAT mill
ions In the corresponding period of
last year, gain of 20 million dol
lars in the ten months ending with
October, 1906, over the corresponding
months of 1905. and gain OF about
40 millions over those OF the cor
responding months of 1904. The live
cattle exported in the ten months
ending with October 1906, amounted
to 80 1-2 million dollars in value,
and the dairy products exported to
about s million dollars.
No feature in the export trade in
agricultural products has shown
more steady and rapid growth than
that OF meat and dairy products
products exported in the fiscal year
The total value of meat and dairy
1896 was 1872 million dollars. and in
the fiscal year 1906 was oil millions,
an increase Of about GO per ceh,
during the decade: while the figures
for the calendar year 1906 seem
likely to be about the same as those
for the fiscal year, basing the est!.
mate upon the recorded figures OF
the ten months ending with October.
Increase is Remarkable.
This increase of GO per cent in
the expectation of meat and dairy
products during the decade is more
Interesting and remarkable in view
of the fact that the expectation in
other forms OF food has shown but
little increase during that period
Tho principal forms of food stuffs
exported from the United States are
bread stuffs and meats. Exports of
meat, including dairy products, a.
above indicated have shown n steady
upward movement during the past
ten years and increased 60 per cent
intvalue since 1896. Breadstuffs. on
the contrary, show a decline, the
total value of brcadstuffs exported
in. 1897 having been 1873 million dol
lars: in 1898, 1874 millions; in 1899,
274 millions; in 1900, 263 millions.
and in 1901, 276 millions. since whic:
time it has steadily declined until
the total for the fiscal year 1906 was
but 1S6 millions, and for the calen-
dar year 1906 will differ little from
that Of the fiscal year.
30 Exports of Bread Stuffs.
THE gain in expectation of meats
aud loss in expectations of bread
stdffs seem to be die in part to
tie disposition OF the Americas
farmer to transform his corn into
meat before sending it abroad The
total quantity of corn exported. MS
shown by the figures Of the bu-
rcau Of statistics of the department
OF Commerce and Labor, was, In
1897. 1T million bushels; in 1898.
20S millions; In 1900. 900 millions:
while from that date the total stean-
lily declined. having been below 100
million bushels in each fiscal year
l,ntil 1906, when the total was III
millions, and in the calendar year
seems likely to be but about 100
million bushels.
Reason for Decrease of Corn Exports
This reduction In the export OF
Germ since 1897 Gems to be due to
a disposition on the part of the pro-
ditcers to turn this large and valuable
crop into meats before exporting
The corn crop of 1901. 1902 1908,
1904, and 1905 average larger than
that of the years 1897 to 1901. when
fi'c exports were larger than those
OF, more recent years. The prices
ut which 1t might be exported have
M 40,
than formerly. the average export
cents per bushel, while the average
export price in 1897 was 81 cents
per bushel; in 1898. SO cents; in
1899, 80 cents; in 1900, III cents; in
1901, 4G cents. Thus the average
price per bushel in the five years
ne high expectation was but one
halt that of the year 1906, when
exports of corn were far below those
of the years 1S97-1901. The falling
off in exports of corn cannot there
fore be looked upon as reduction
In foreign demand. since the increas-
ed price the foreign buyers are now
willing to pay indicates that the pop.
rIik9rity of American corn in foreign
Erarkets has not abated.
The Cereal Trade.
The cause of tho reduction In ex.
portation, must therefore be lookeu
for at homo rather than in foreign
demand. and this cause ut home
seems to lie IN the disposition To
transform the C>orn into meat before
sending 1t abroad This theory Is
supported by the fact that the meat
expectations have constantly grown
during the time in which the COR
expectations have fallen off. Tho
fact that the expectation Of meat