The Owosso times. (Owosso, Mich.) 1897-1926, 1911-06-30
Exports Of Farm Products During
the Fiscal Year 1911.

Exports Of Farm Products During
the Fiscal Year 1911.
Exports of farm products will ag-l
gregate billion dollars in the fiscal
year which ends with the month of
June The Governments fiscal year
has for many years ended at the mid
die 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 December, thus the
Bureau of Statistics of the Department
of Commerce and Labor presents it's de-
tailed yearly report Of commerce for
the year ending June 30th. Figures
for IL Of the IL months of the fiscal year
1911 are now available, and show ex-
ports Of cotton 574 million dollars, food
stuffs 354 million dollars, and tobacco
35 million, total for the IL 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 dur.
ing the fiscal year 1911 above the bill.
lion dollar line.
Cotton as above indicated, is by far
the largest single item, 574 million dol.
lars worth being exported in the II
months ending with May, indicating
that the total for the full fiscal year
will approximate 900 million, against
$50 million in the fiscal year 1910, and
48l 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 materially 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 ex-
port price of domestic cotton in May,
1911 was 15.1 cents per pound, and for
the months ending with May, IA 8
cents per pound; against 14.2 cents in
the cotton year 1910; ~ cents in 1904;
IL a cents in 1908; and less than cents
per pound 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
marked Increase in value of exports in
the fiscal year 1911, when compared
with the Immediately preceding year,
being for the IL months ending with
May, 1854 million dollars; against 100
million in the same months of last year
and for the single month of May, 15f
million dollars, against million for
the corresponding month of last year.
This increase is due in nearly all cases
to largereuantities, the prices being in
most cases lower than last year. For
example the average export price of
bacon in the month of May. 1911, is
1873 cents per pound; az ainst 1913 cents
per pound in May of last year; hams,
II 8 cents per pound, against 14.6 cents
in May a year ago; lard, 90 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 year ago; and cheese 11;5 cents
per pound, against 1916 cents in. May
last year.
Other articles showing an in crease 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 17a million
year ago; corn 33 million. against "a
million in the corresponding period of
1910; while cotton seed oil, oil cake and
meal, and -four also show slight ad-
vances in the total value of exports
when compared with the correspond
ing period of last year, though wheat
shows marked decline in the IL
months ending with May, 1911, being
but 21a million dollars in value, against
Az million in the corresponding months
of 1910.
Europe is, of course, the chief pur-
chaser of these exports of farm pro-
ducts 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
products, the South and Centred Ameri-
can countries. Mexico, and the West
Indian Islands take considerable GUAM
titles, though more than half the meats
20 to Europe.