Annual Report

Cover Annual Report
Annual Report
New Jersey. Board of Agriculture
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Hay, wheat, cotton, com, oats — ^five articles of production, the total value of which, in 1880, was $1,760,000,000. In 1885 we imported of these arlicles about $2,000,000, and we exported $350,000,000 in 1885, and in 1884 and 1885 we exported about $540,000,000, and in 1885 and 1886, $484,000,000. It is manifest, therefore, that there is a large surplus of agricultural products, of these five articles, above the American demand. The surplus must be dis- Digitized by Google ADDEE8S BY HON. FRAN...K H. HURD. 119 posed of in some way. It must either remain at home, or it must be sent abroad to be sold. If it remains at home, it re- mains to diminish the prices in the home market still farther. If it is sent abroad, it must be sold in the markets of the world in competition with every farmer in the world, in a competition which determines absolutely the prices. Suppose it be sent to Inyerpool, as the greater quantity of it is. There the competi- tion of the world determines the price, not only, my friends, of the article or grain sold there, but of the articles that are sold here at home.

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