Middlebury register. (Middlebury, Vt.) 1886-1937, 1911-06-30
Exploits of Farm Products During
the Fiscal Year 1911.

the Fiscal Year 1911.
Exports of farm products will aggre-
gate billion dollars in the fiscal year
which ends with the month of June.
The governments fiscal year has for
many years ended at the middle of the
calendar year. the purpose being to give
opportunity to classify and arrange the
years figures in time for consideration
by the Congress whose regular date of
meeting is the first Monday in Deem
Der, thus the bureau of statistics of the
department of commerce and labor pre-
sents its detailed yearly report of com
merce for the year ending June Both.
Figures for II of the II months of the
fiscal year 1911 are now available, and
show exports of cotton 574 million dol
lars, foodstuffs 354 million dollars, and
tobacco 50 million, total for the II
months ending with May of 963 million
dollars, making it quite apparent that
the sum added for the month of June
will bring the total exports of farm
products during the fiscal year 1911
above the billion dollar line.
Cotton as above indicated, is by far
largest single item, 574 million dollars
worth being exported in the II months
ending with May, Indicating that the
total for the full fiscal year will approx
innate 600 million, against 450 millions
in the fiscal year 1910, and 4Sl million
in the former high record year, 1907.
This very large increase in the value of
cotton exports in the fiscal year 1911
over that Of any earlier year is due
chiefly to the high prices, the quantity
OF cotton exported in 1911 being ma
terially less than in 1909 or 1907, while
the value will exceed by more than 100
million dollars that of the years in which
the quantity was greater than in 1911.
The average export price of domestic
cotton in May, 1911 was Isl cents per
pound, and for the 9 months ending with
May, 14.5 cents per pound; against A.
cents in the cotton year 1910; u cents
in 1904; la cents in 1908; and less than
cents perpound in 1895, 1898 and 1899,
these figures being in all cases for the
cotton year ending with August 31st.
Meat and dairy products also show a
marked increase in value of exports in
the fiscal. year 1911, when compared
with the immediate preceding year,
being for the II months ending with
May, 1875! million dollars against 100
million in the same months Of last year:
and Tor the single month of May, 15l6
million dollars, against . million for the
corresponding month of last year. This
increase is due in nearly all cases to
larger quantities, the prices being in
most cases lower than last wear. For
example the average export price of
bacon in the month Of May, 1911, is y. 81
cents per pound; against 1873 cents
per pound in May of last year; hams.
lis cents per pound, against 14.6 cents
IN May year ago; lard, go cents per
pound, against 1877 cents in the cores
ponding month last year; butter. 2O.7
cents per pound, against 25.5 cents in
May a year ago; and cheese. l1.5 cents
per pound, against 1916 in May last
year.
Other articles showing an increase in
value OF exports in the fiscal year 1911
over that of the corresponding period of
the preceding fiscal year are fruits. %
million dollars, against l77 millions
year ago; corn, SO million, against "a
million in the corresponding period of
1910; while cotton seed oil, oil cake and
meal, and flour also show slight adj
yances in the total value of exports
when compared with the corresponding
period of last year, though wheat shows
marked decline in the II months end
ing with May, 1911, being but 2l3 mil
lion dollars in value, against 47l-3 mil
hon in the corresponding months of
1910.
Europe is of course, the chief pur-
chaser of these exports of farm
products. Most of the cotton goes to
Europe, comparatively small quantities.
however, going to Canada and japan.
and Europe is also the chief customer
for wheat, cotton seed oil, oil cake, live
cattle, and tobacco. Of meat and dairy