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  product ­
  of  iron  ore  greatly  increased,  and  our
absence  of  increase  was  more  than  compensated ­
  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