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It might, however, be said that 1873 was an exceptional year, owing to the inflated demand which took place after the Franco-German war. But the same downward movement continued for a number of years. Thus, if we take the figures given in the Statesman’s Year-book, we see that while the United Kingdom exported, in 1883, 4,957,000,000 yards of piece goods (cotton, woollen and linen) and 316,000,000 lb. of yarn in order to reach an export value of £104,000,000, the same country had to export, in 1895, no less than 5,478,000,000 yards of the same stuffs and 330,000,000 lb. of yarn in order to realise £99,700,000 only. And the figures would have appeared still more unfavourable if we took the cottons alone. True, the conditions improved during the last ten years, so that in 1906 the exports were similar to those of 1873; and they were better still in 1911, which was a year of an extraordinary foreign trade, when 7,041,000,000 yards of stuffs and 307,000,000 lb. of yarn were exported—the two being valued at £163,400,000. However, it was especially the yarn which kept the high prices, because it is the finest sorts of yarn which are now exported. But the great profits of the years 1873-1880 are irretrievably gone.