Full text: Investment, an exact science

166 
Table IV. shows the production of iron 
ore in the three principal producing countries. 
First, we see plainly the large increase in 
production. From 41 million tons in 1890 to 
8T7 million tons in 1905. That means a large 
increase in world products and in world trade. 
Now look at the fluctuations for each 
country in Table IV. The United Kingdom 
remained nearly stationary during 1890-1905. 
But Germany and the United States (especially 
latter) made great advances. The total pro 
duct of iron ore greatly increased, and our 
absence of increase was more than compen 
sated by the increases in Germany and in 
the United States. This is a notable instance 
of compensating fluctuation as between country 
and country, accompanied by increase in world 
production. 
Table V.—The Production of Iron Ore in the Three 
Principal Producing Countries, showing each country’s 
share of the total produce in the three countries. 
Year. 
1890 
1891 
1892 
1893 
The facts in Table IV. shown as percentages of the total 
for each year. 
United States. 
Per Cent. 
39 0 
38 5 
420 
340 
Germany. 
Per Cent. 
27 3 
27'7 
290 
332 
United 
Kingdom. 
Per Cent. 
337 
338 
290 
328 
Total. 
Per Cent. 
100 
100 
100 
100
	        
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