The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1911-07-07
Exports Of Farm Products for 1911

Exports of farm products aggregated
billion dollars in the fiscal year which
ended with the month of June. The.ss
Governments fiscal year has for ma1
years ended at the middle of the calen-
dar year, the purpose teing to give op-
portunity to classify and arrange the
years figures in time for consideration
by Congress, whose regular date Of
meeting is the first Monday in Decem-
Der; thus the bureau of statistics of the
department of Commerce and Labor
presents its detailed yearly report Of
commerce for the year ending June 30.
Figures for II of the IL months of the
fiscal year 1911 are now available and
show exports of cotton 574 million dol
lars, foodstuffs 354 million dollars and
tobacco IS million, total for the II
months ending with May of 1853 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
the largest single item, 574 million dol
lars worth being exported in the IL
months ending with May, indicating
that the total for the full fiscal year
will approximate 600 million, against
45O million in the fiscal year 1910, and
AL 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 be
ing materially less than in 1909 and 'O7,
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
10. 1c per pound, and for the months
ending with May, l45c per pound;
against 14.2c in the cotton year 1910;
l2c in 1904; 1l.4c in 1908, and less than
&c per pound in 1895, '9S and '99, these
figures being in all cases for the cot
ton year ending with August 81.
Meat and dairy products also show a
marked increase in value of exports i'll
the fiscal year of 1911, when compared
with the Immediately preceding year,
being for the II months ending
, with May, l35 l-2 million dollars,
against l20 million in the same months
of last year, and for the single month
of May l6 l-2 million dollars, against 9
million for the corresponding month of
last year. This increase is due in nearly
all cases to the larger quantities, the
prices being in most cases lower than
last year. For example, the average
export price of bacon in May, 1911, is
l2.Sc per pound, against l5 &c per lb.
in May of last year; hams ll.Sc lb..
against ,4.6c in May year ago; lard,
9.2c lb.. against IL. &c in the correspond
ing month last year; butter, 20 7c h.,
against 25.5c in May year ago; and
ci eese ll.5c h.. against 1850 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 II 3-4 million
!. year ago; corn, SO million, against
"a million in the corresponding period
, of 1910; while cottonseed oil, oil cake
and meal, and flour also, show slight
, advances 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 2l 1-l
million dollars in value, against AZ 1-a
million in the corresponding months OF
5 1910.
Europe is, of course, the chief pur-
8 chaser of these exports of farm pro-
: ducts. Most of the cotton goes to Eu
q rope, comparatively small quantities
however, going to Canada and Japan
4 and Europe is also the chief customer
for wheat, cottonseed oil, oil cake, liv,
. cattle, and tobacco. OF meat and dairy
!, products, the South and Central Amer
lean countries, Mexico and the Wes,
9 Indian Islands take considerable guam
q titles, though more than half of ths
meats go to Europe.