Full text : Investment, an exact science

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149

We  see  that  in  1890  the  export  trade  of
America  was  17'2  per  cent,  of  the  export
trade  of  the  world,  and  that  in  1904  America’s
share  was  20*7  per  cent.  The  rise  is  well  marked,
despite  the  fluctuations  of  certain  years.
Thus,  accepting  export  trade  as  one
indication  of  trade  progress,  we  see  that
America  has  been  gaining  position  relatively
to  Europe  (see  Statement  D)  as  a  world-trader.
So  far  whole  continents  and  vast  areas
of  the  world  have  been  compared  as  regards
trade  fluctuation.

We  may  now  narrow  the  base  and  come
to  the  matter  of  the  United  Kingdom’s  share
in  Europe’s  exports.
F.—The  United  Kingdom’s  Share  of  Europe's  Exports.

Per  Cent.
1890  25'8
1891  24-6
1892  245
1893  233
1894  233
1895  23T
1896  23-1
1897  21-8
t  In
because  exported
exports  during  1899-1904.

1898
11899
11900
|1901
|1902
1T903
11904

Per  Cent.
.  213
.  22  2
.  23  0
.  22  6
.  217
.  211
.  213

these  years  the  above  figures  are  slightly  too  high,
sported  ships  were  included  in  the  United  Kingdom’s

In  1890  the  United  Kingdom’s  exports
were  25'8  per  cent,  of  Europe’s  exports.  In
1904  the  United  Kingdom’s  share  had  fallen
to  21*3  per  cent.
            
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