The Washington herald., 1910-07-03
PRICES ARE LOWER
Commodities Exported in
May Show Some Decline.
HOW BASIS IS ESTABLISHED
All Domestic Products sent Abroad
Except Meats. According TO Gov
ernment Reports, Cost Less in
Month of May Than at Previous
Periods-Fisures Given.

The recent fail in prices In the United
States is illustrated by the Bureau OF
Statistics figures covering domestic and
foreign trade for the month of May.
1910. ia comparison with earlier months
of the current fiscal year.
The bureau publishes each month
statement of the export prices Of about
nifty principal articles of the export
trade, also the wholesale prices Of GER
tain important articles in the domestic
trade The export prices are those pre-
vailing in the wholesale markets az the
ports of expectations, since the customs
regulations state that "ali articles ex-
ported shall be valued at their actual
cost. or the value which they may truly
bear al the time OF expectation IN the
ports Of the United states from which
they are exported
The domestic prices quoted by the bu-
reau are the wholesale prices of the arti-
eles named at certain great centers.
chiefly New York. as supplied 70 the
bureau from recognized and reliable au-
thorities.
show Lower Prices.
The May export figures show materially
lower prices In practically all the i'm
portant articles forming the export trade.
WIN the exception Of meats, which. on
the other HIND. show higher prices IN
May than in earlier months Of the year.
The export price OF corn, for example,
averages $40 cents per bushel IN May,
against 70.i cents in February, and 100
cents in August OF last year.
Wheat shows an average export price
n May, 1919. OF SOS cents per bushei,
against Sl.S IN January. and Sl.2l in
July Of last year.
Anthracite coal shows an average ex-
port value per ton IN May. 1910. Of SAB.
against sos in January. and S5.l1 in Sep
TENDER Of last year
Copper pigs exported in May were val
ued at - cents per pound. against 1874
cents in March. 1910
Raw cotton shows an average export
value in May OF 1A5 cents per pound,
against 149 cents in the first month of
the present year. Unbleached cotton
cloth shows for May an average export
price Of 6.5 cents per yard, against 81
cents in March, and SIS cents in Decem-
Der of last year.
Pig iron shows an average value m the
exports Of May of $T.55 per ton, against
s19 o. per ton in December of last year;
steel billets S25.55 per ton in May. against
S26.53 In April Of the current year; steel
rails, s2S.2 per ton In May, against s29. "A
in April: structural iron and steel. SAT-
per ton in May, against S49.i9 per ton in
March, and S53-64 in October of last year.
Sole leather shows an average export
price in May of the current year Of ~
cents per pound against 227 cents in
February last.
Crude mineral oil exported in May is
60 ut mt agF,af
81 cents in April. and 80 cents in August
OF last year. Illuminating oil is given al
6.1 cents per pound in May 1910 against
IL cents in May. 1899 Paraffin is reported
at SO cents per pound in May, 1880.
against ~ cents in March. 1910. and As
cents in March and April. 1903.
Meats Are Higher.
Meats show higher prices in practically
all cases. The average export price of
fresh beef in May. 1910. was los cents
per pound. against 101 cents in January,
1910 and 1912 cents IN nay Of last year.
Canned beef in May. 1910, averaged 121
cents per pound. against Ill cents in
January, and 107 cents III Nay Of last
year.
Bacon in May Of the current year av-
eraged 1873 cents per pound, against 10
cents in March, Il cents in February. II
cents in August, 1909 and los cents IN
May of that year. an advance OF practi-
cally 50 per cent in the export price dur
ing the year.
Hams and shoulders exported IN May.
1910, averaged 14.6 cents per pound,
against 11.2 cents in May. 1908. Lard ex-
ported in May, 1910, averaged III cents
per pound against III cents in August,
and l0.4 cents in May of last year.