The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1911-07-06
THE .JEFFERSONIAN


quantity, coupled with the material
advance in price, brought the aver
age farm value per acre for 1909 up
to $15.62 per acre, against an ever
age of about half that figure in the
period t"om 1890 to 1900.
Meantime the quantity of wheat re-
tanned for domestic consumption has
greatly increased, while the quantity
exported has been reduced. In the
fiscal year 1910 the quantity retained
for consumption was $50 million
bushels, being larger than in any
earlier year; and the quantity ex-
ported, 81 million, which was less
than in any fiscal year since 1877,
with the single exception of 1905,
when only IA million bushels were ex-
ported. In 1908 the exports aggre-
gated 1853 million bushels, and in
1902, the high record year in wheat
expectations, 235 million.
These figures of wheat exporta-
tons, it is proper to add, include
both that shipped in the grain and
that in the form of -four The share
of the wheat exported in the form
Of flour in the fiscal year 1910 was
46,5 per cent and in 1908, when the
quantity exported was about double
that of 1910, but 1874 per cent In
those years in which the expectations
are extremely small the share ex-
ported in the form of flour is larger
than in years of large wheat exports.
In 1905, for example, when the wheat
expectations touched the lowest fig
ure in many years-44 million BUSH
els-the share which went in the
form of -four was $50 per cent,
against "a per cent in 1902, the high
record year in wheat of exports In
the fiscal year which ends with the
present month the quantity of wheat
exported will probably be less than
in 1910, the total for the II months
ending with May having been but
% million bushels, against s u mil
lion in the same months of 1909, in
dicating total for the year not to ex-
coed rs million bushels of wheat and
the equivalent of 4 5 million bushels
in the form of fiour-a total Of ap-
proximately 70 million bushels for
the fiscal year 1911, against 81 mill
lion in 1910, and making for 1911
the smallest wheat exported record in
80 years, except the abnormally low
year, 1908, when the record was but
4 4 million.
Europe is our chief customer for
wheat exported in the natural state,
while the larger proportion Of that
exported in the form of flour goes to
the tropics and the orient. Of the
21A million bushels of wheat ex-
ported in the 10 months ending with
April, nearly II million went to the
United Kingdom, 31A million to
France, 2 million to Belgium, and 1
million to Canada Of the flour ex-
ports, amounting to 1-3 million bar
rels in the 10 months under consid-
Grafton, 2 Is million went to the
United Kingdom, about two-thirds of
million to Netherlands, about three
fOurths Of million to other parts of
Europe, three-quarters Of a million
to Cuba, and nearly tWo-thirds mill
lion to other West Indies, and 1 mil
lion to South America, about one
half being to Brazil alone, more than
a quarter million to China, more than
three-fourths of million to Hong
kong (most Of which is presumably
for distribution to China), one-third
of million TO Japan, and nearly a
quarter million to the Philippines.
Prices of wheat since 1904 show
material advance over those of the
preceding decade, the domestic quo
tation for No. 2, red winter, in New
York market being, according to the
Bureau of Statistics, $1.26 in 1909
and $1.O5 in 1903, while in no year
from 1892 to 1903 was the average
as much as $1.00, but ranging down
as low as 81 cents per bushel in 1894,