Full text of Survey of Current Business : April 1924
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS APRIL, 1924 No. 32 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS In addition to figures given from Government sources, there are also incorporated for completeness of'service the figures from other sources generally accepted by the trades, the authority and responsibility for which are noted in the text Subscription price of the SURVEY OF CURRENT BUSINESS is $1 a year; single copies, 10 cents. Foreign subscriptions, $1.50; single copies, including postage, 20 cents. Subscription price of COMMERCE REPORTS is $3 a year; with the Survey, $4 a year. Make remittances only to Superintendent of Documents, Washington, D. C , by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted WASHINGTON : QOVERNMENT PRINTING OFNCB : ISS4 DEPARTMENT OF COMMERCE. HERBERT HOOVER, Secretary of Commerce. BUREAU OF THE CENSUS. BUREAU OF FISHERIES. WILLIAM M. STEUART, Director. HENRY O* MALLET, Commissioner. Chief Junctions. The taking of the decennial census covering population, agriculture, manufactures, mines and quarries, and forest products. Decennial report on wealth, public debt, and taxation, including principal financial statistics on Federal, State, county, city, and township governments. Annual financial statistics of State and municipal governments—Sources of revenue, objects of payments, debt, tax levies. Decennial statistics relating to inmates of institutions, in-* eluding paupers, insane, prisoners, and juvenile delinquents. A census of agriculture in each middecennial year, a biennial census of manufactures, a quinquennial census of electrical public utilities, statistics of marriage and divorce. Annual statistics of births, deaths, causes of death, etc., in the registration area of the United States. Quarterly statistics of leaf tobacco stocks and of production, stocks, and consumption of fats and oils. Monthly or semimonthly statistics of cotton ginning; cotton stocks and consumption; the production, stocks, and consumption of hides and leather; the production of shoes; and statistics of active textile machinery and of movements in an increasing number of other industries. The compilation and publication, in the liSurvey of Current Business," of monthly commercial and industrial statistics. BUREAU OF FOREIGN AND DOMESTIC COMMERCE. JULIUS K L E I N , Director. Chief functions. The compilation of timely information concerning world market conditions and openings for American products in foreign countries secured through commercial attache's and trade commissioners of the Department of Commerce and the foreign service of the Department of State. The distribution of such information to American business through weekly "Commerce reports," special bulletins, confidential circulars, the news and trade press, correspondence, and personal contact. Approximately 3,000 trade inquiries are answered daily by the bureau and its nine district offices. The maintenance of commodity, technical, and geographical divisions to afford special service to Americaa export industries. The compilation and distribution of names of possible buyers and agents for American products in all parts of the world and publication of weekly lists of specific sales opportunities abroad. The maintenance of district and cooperative offices in 33 cities in the United States to expedite delivery of market information to business men and to keep the department advised as to the urgent requirements of American trades and industries. The publication of official statistics on imports and exports. The study of the processes of domestic trade and commerce, with a view to their improvement and the dissemination of information obtained for the benefit of the public, as well as of those directly concerned. BUREAU OF STANDARDS. GEORGE K. BURGESS, Director. Chief functions. Custody of standards of measurement, quality, performance, or practice adopted or recognized by the Government. Development and construction of such standards when necessary. Testing and calibration of apparatus and comparison of standards used by scientific or other institutions with those in the custody of the bureau. Determination of physical constants and properties of materials. The testing of materials and establishment of standards and processes in cooperation with commercial firms or organizations. Industrial researches covering structural, engineering, and miscellaneous materials, radio, radium, mechanical appliances, sugar technology, leather, paper, rubber, and textiles; clay products, glass, and refractories, metals and metallurgy, and similar groups of subjects. The collection and dissemination of information showing approved methods in building, planning, and construction, including building materials and codes and such other matters as may encourage, improve, and cheapen construction and housing. Studies on simplified commercial practices and establishment of such practices through cooperative business organizations. The Bureau publishes six series of scientific and technical publications, reporting the results of its researches and giving technical data fundamental to industry. The Director has supervision of the preparation of technical specifications through the Federal Specifications Board. Chief functions. The propagation of useful food fishes, including lobsters oysters, and other shellfish, and their distribution to suitabl waters. Investigations of fish culture, fish diseases, and for the con servation of fishery resources and the development of commer cial fisheries. The study of the methods of the fisheries and fishery industrie and the utilization of fishery products. The collection of statistics of fisheries. The administration of the Alaska salmon fisheries, the fur-sea herd on the Pribilof Islands, and the law for the protection o sponges off the coast of Florida. BUREAU OF LIGHTHOUSES. GEORGE R. PUTNAM, Commissioner. Chief functions. The establishment and maintenance of lighthouses, light ships, buoys, and other aids to navigation on the sea and t h lake coast and on the rivers of the United States, includin; Alaska, Hawaiian Islands, and Porto Rico. The publication of Light Lists, Buoy Lists, and Notices t< Mariners, including information regarding all aids to navigatioj maintained by the Lighthouse Service. COAST AND GEODETIC SURVEY. E. LESTER JONES, Director. Chief functions. The survey of the coasts of the United States and the publi cation of charts needed for the navigation of the adjacen waters, including Alaska, the Philippine Islands, Hawaii, Port Rico, the Virgin Islands, and the Canal Zone. A comprehensive geodetic system, extending into the interioi connects and coordinates the surveys of the coasts, and is de signed to furnish accurately determined points and elevation in all parts of the country. These are available as a basis fo Federal, State, and municipal surveys, and engineering project of every kind. The magnetic declination has been determine* at a large number of stations throughout the country, and th results are available for the use of surveyors and engineers. The technical operations include base measures, triangula tion, traverse, precise leveling, the determination of latitude an< azimuth, the determination of difference of longitude by tele graph or radio, magnetic observations and researches, th preparation of magnetic maps, the determination of the fore of gravity, topography, hydrography, deep-sea soundings water temperatures, tidal and current observations. The results are published in the form of charts on variou scales, annual reports, coast pilots, tide tables (published annu ally in advance), current tables, digests of geodetic publications and special publications. BUREAU OF NAVIGATION. D. B. CARSON, Commissioner. Chief functions. General superintendence of commercial marine and merchau seamen. Supervision of registering, enrolling, licensing, numbering etc., of vessels under the United States flag, and the annua publication of a list of such vessels. The enforcement of the navigation and steamboat inspectio laws and the laws governing radio communication, as well a duties connected with fees, fines, tonnage taxes, refunds, etc originating under such laws. STEAMBOAT INSPECTION SERVICE. GEORGE UULER, Supervising Inspector General. Chief functions. The inspection of vessels, the licensing of the officers of vef sels, and the administration of laws relating to such vessels a n their officers. The certification of able seamen who form th crews of merchant vessels. The inspection of vessels, including the types of boilers; th testing of all materials subject to tensile strain in marine boilen the inspection of hulls and of life-saving equipment. MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS : No. 32 BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS APRIL 1924 CONTENTS Page. Summary for February .__ 1 Business indicators (diagrams and tables) 2, 3 Comparison of wholesale prices (diagram and table) 4r 5 Wholesale and retail food prices (diagram) 6 Course of business in February 7 Cotton stocks in northern and southern mills and warehouses (diagram) 10 Pig iron production and unfilled steel orders (diagram) . „ 12 Employment in selected industries (diagrams) , 21 Wholesale prices, bank clearings, and pig-iron production since 1840 (diagram) 25 Commodity stocks—a study in seasonal movements 27 March data _- 29 Indexes of business (production, prices, sales, etc.) 31 Trend of business movements: Textiles 35 Metals 37 Fuel and power .- 38 Automobiles and rubber 39 Hides and leather 39 Paper and printing40 Buttons __40 „ 41 41 43 44 46 46, 47 47 47 48 50 51 52 55 56 — 57, 59 60 61 61 62 64 SUMMARY FOR FEBRUARY (See note at bottom of opposite cover page) Industrial activity in, general showed little change from the previous month but was on a higher level than a year ago. The principal indicators of the iron and steel industry registered increased productivity in February over both the preceding month and February, 1923, while the production of such basic commodities as bituminous coal, petroleum, copper, and zinc, although below January, was larger than a year ago. Tin consumption was larger in February than either the previous month or February, 1923, while mill consumption of cotton, wool, and silk was lower in February than in either of these comparative periods. The output of automobiles, both passenger and truck, increased in February over January and a year ago, while new lettings for building construction declined in February but were well above a year ago. Unfilled steel orders continued to accumulate, while the index of unfilled orders for basic commodities, based on 1920 as 100, increased to 63.4 on February 29 from 62.9 on January 31 and may be compared with 93.2 for a year ago Retail sales of 10-cent chain store systems increased ] in February, while sales by mail-order houses and | 93345-24 1 Trend of business movements—Continued. Glass and optical goods Building and construction Chemicals, naval stores, and oils . Foodstuffs. ._Tobacco i Transportation and public utilities Employment Distribution movement Public finance and banking and finance Foreign exchange and trade.. Trade and industry of foreign countries Detailed tables: Automobiles . Machine tools Life insurance sales by districts. _ _ Business failures and bank failures Sugar Steel ingots Hosiery World production of principal crops Sources of data department stores declined, each, however, recording larger sales than a year ago. Wholesale trade in general declined in February but was larger than a year ago. Check transactions throughout the country declined in February from the previous month but were larger than a year ago, while interest rates softened in February. Wholesale prices at 152 for February may be compared with 151 for January and 157 a year ago, while the cost of living index in February at 64 per cent above July, 1914, compares with 65 per cent in January and 58 per cent a year ago. Employment in 1,428 representative factories showed no change from the previous month while business failures declined in February. Prices of industrial stocks averaged lower in February, while railroad stocks registered a slight increase over January. Weekly car loadings in February averaged 908,404 cars, as against 858,863 in January and 848,269 a year ago, while the net available daily surplus of freight cars averaged 130,282 cars for the last week of February, compared with 164,438 cars for the same period in January and a net shortage of 64,814 cars a year ago. BUSINESS INDICATORS (1013 montniy average-100. See explanation on inside front cover. Except for "net freight ton-miles " latest month plotted is February, 1924) PIG-IRON PRODUCTION J92O 1921 1922 BITUMINOUS COAL PRODUCTION 1923 1924 <oo I92Q , lfl21 IS22 1923 COTTON CONSUMPTION 1924 ^ J9ZO 1921 1922 1923 |924 I] =» 1 1 ! 1 NET FREIGHT TON-MILES 1920 1921. 1922 EXPORTS (VALUES) 1923 1920 1921 ' 1922 BANK CLEARINGS OUTSIDE NEW YORK CITY (VALUES) 1923 1924 400 1920 1921 1922 300 £.00 2 80 i 111 O 40 i I i I DEFAULTED UABIUTIES (VALUES) J92» 1922 1923 WHOLESALE PRICES 1924 J92O_ 1921 1922 PRICE OP 25 INDUSTRIAL STOCKS 1923 1924 1920 1921 1922 IS23 1924 BUSINESS INDICATORS The following table gives comparative index numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which index numbers can be calculated, using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of index numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the index numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. MONTHLY AVERAGE 1923 COMMODITY 1920 1921 1922 1923 Jan. Feb. Mar. Apr. May Juno Jujy Aug. Sept. Oct. Nov. Doc. 1913 monthly average—100 Production: Pig iron • Steel ingots Copper „ Cement (shipments) Anthracite coal Bituminous coal Electrical energy (gross revenue sales) ... Crude petroleum Cotton (consumption) Beef _ Pork...... Unfilled orders: U. S. Steel Corporation Stocks: Crude petroleum*— Cotton (total) • Prices: Wholesale index, all commodities (Dept. Labor).-. Retail food (Dept. Labor)... Retail coal, bitum.—TJ. S. average (Dept. Labor) Farm crops (Dept Agr) *. . Farm livestock (Dept. Agr.) Business finances: Defaulted liabilities Price 25 industrial stocks • „ Price 25 railroad stocks • Hanking: Clearings, N. Y. City.... Clearings, outside N. Y. City Commercial paper int. rate.. Distribution J Imports (value) Exports (value) Sales, mail-order houses Transportation: Freight, net ton-miles 119 135 99 108 97 116 54 64 39 107 99 87 87 114 81 131 68 85 130 143 121 153 104 114 126 151 110 76 114 126 117 137 101 82 102 106 138 160 119 140 117 117 139 156 116 175 106 107 151 166 123 193 112 116 143 149 123 180 114 114 144 139 124 186 109 113 134 146 129 203 116 123 122 131 122 185 38 116 123 141 129 193 114 123 113 123 125 139 102 103 114 113 127 87 105 101 113 143 131 70 104 127 120 150 126 80 100 115 283 178 105 121 111 312 189 97 109 116 349 224 109 121 129 407 292 117 125 159 411 251 131 125 188 432 232 122 107 156 402 273 134 117 177 401 283 124 119 153 394 299 133 129 153 381 301 116 122 156 381 315 99 119 146 375 318 106 133 134 370 312 104 129 115 398 323 116 151 148 420 313 114 135 182 452 284 99 120 203 466 273 124 133 203 485 260 109 111 175 170 90 102 117 123 125 123 118 103 100 92 85 79 74 75 81 83 127 155 152 198 234 153 285 125 256 177 256 156 259 143 264 125 271 104 281 290 66 296 64 302 95 310 149 318 169 321 167 321 149 322 132 226 203 147 153 149 142 154 146 156 144 157 142 159 142 159 143 156 143 153 144 151 147 150 146 154 149 153 150 152 151 151 150 151 149 152 147 207 238 168 197 109 107 188 113 111 190 136 103 206 126 108 205 130 107 203 134 106 192 139 107 186 140 105 185 139 100 185 136 102 183 136 102 184 138 109 186 139 103 185 137 97 183 137 94 180 140 97 180 141 03 108 184 67 230 136 64 227 169 75 198 170 72 217 190 74 179 198 79 213 199 78 227 195 76 181 186 73 126 132 73 157 176 151 177 68 126 177 349 175 69 221 181 70 227 187 70 230 193 73 158 192 73 257 275 127 205 212 113 230 231 76 226 265 86 251' 289 80 213 230 80 25U 271 87 223 261 244 271 237 267 211 256 86 187 242 191 242 225 285 89 229 263 83 247 277 86 2G2 281 84 230 256 S3 294 331 264 140 181 188 177 154 .204 211 201 259 220 162 243 203 148 232 266 165 290 244 157 272 249 153 260 214 155 221 192 146 199 134 150 193 170 184 231 206 194 335 195 193 306 193 206 318 198 191 271 221 177 270 137 105 114 139 138 119 143 140 145 139 141 148 144. 154 140 122 126 i 135 70 1919 monthly average»100 Production: Lumber * „ 100 BIdg. contracts (floor space) . 72 Stocks: Beef 66 Pork _ 98 Business finances: Bond prices index (40 issues). 86 Banking; Debits to individual accounts, outside N. Y. City. 114 Fed. Res., bills discounted-. 132 Fed. Res., total reserves 97 Fed. Res. ratio 87 131 139 130 138 135 129 136 126 90 138 85 131 83 137 116 132 111 107 102 113 107 125 103 42 92 33 111 27 103 24 112 19 HO 19 95 20 74 27 101 39 67 45 82 43 93 41 103 107 106 104 103 104 104 103 104 103 102 103 103 105 101 112 31 147 153 96 31 146 152 112 36 145 150 107 33 145 153 116 111 40 146 153 104 99 42 146 154 45 145 152 113 46 146 152 106 41 146 152 116 44 143 146 111 27 149 162 100 27 147 161 85 114 102 126 106 109 83 42 83 29 70 91 48 81 87 107 104 91 91 122 122 97 28 144 154 107 39 146 152 146 152 146 156 • Monthly statistics on the movements since January, 1913, or as far back as available, am given on pages 47-49 of the December, 1922, Survey (No. 16). ^ o S ^ S « m M p ^ S ^ p S S f ^ 5 associations Includes southern pine, Douglas fir, ^^.f^^^J^^J ?J? soft woods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber produ ",^2,000,000 board feet reported by the census. COMPARISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR (Relative prices 1913=100) INDEX NUMBERS 300 400 FARM PRODUCTS. AVERAGE PRICE TO PRODUCER WHEAT CORN POTATOES COTTON COTTON SEED CATTLE. BEEF HOGS LAMBS WHEAT. SPRING WHEAT.. WINTER CORN. NO.2. OATS BARLEY RYE. NO.2 TOBACCO. BURLEY COTTON WOOL '4 GREASE (BOSTON) CATTLE STEERS HOGS. HEAVY SHEEP, EWES SHEEP. LAMBS FLOUR. SPRING FLOUR, WINTER SUGAR, RAW SUGAR. GRANULATED COTTONSEED OIL BEEF. CARCASS CEEF,STEER ROUNDS HAMS. SMOKED (CHICAGO) COTTON YARN COTTON. PRINT CLOTH COTTON. SHEETING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK. RAW HIDES. PACKERS HIDES. CALFSKINS LEATHER, CHROME (BOSTON) i^ATHER. SOLE OAK BOOTS AND SHOES (BOSTON* BOOTS AND SHOES (ST. LOUIS) -COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG IRON. FOUNDRY PIG IRON. BASIC STEEL BILLETS. BESSEMER COPPER LEAD TIN ZINC LUMBER. PINE. SOUTHERN1 LUMBER. DOUGLAS FIR BRICK. COMMON (NEW* YORK) CEMENT STEEL BEAMS RUBBER. CRUDE •SULPHURIC ACID 600 700 WHOLESALE PRICE COMPARISONS-MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS M SMSK 3 December, COMMODITIES Date and maximum relative price 1923 January, 1934 February, 1924 Relative price (1913 average-100) Farm products—Average price to producers! Wheat , Corn Potatoes Cotton Cottonseed. Cattle, beefHogs Lambs :... _ Farm products—Market price: Wheat, No. 1, northern, spring (Chicago) Wheat, No. 2, red, winter (Chicago) _ Corn, contract grades, No. 2, cash (Chicago) Oats, contract grades, cash (Chicago) .-. ._ Barley, fair to good, malting (Chicago) _ _ . Rye, No. 2, cash (Chicago) fc Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, i blood combing, Ohio and Pennsylvania fleeces (Boston) Cattle, steers, good to choice, corn fed (Chicago) _ Hogs, heavy (Chicago) _ _ .'. Sheep, ewes (Chicago) _ Sheep, lambs (Chicago) Food: Flour, standard patents (Minneapolis) .! Flour, winter straights (Kansas City) _ _ _ Sugar, 9fi° centrifugal (New York) --Sugar, granulated, in barrels (New York) _ Cottonseed oil, prime summer yellow (New York) _. Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds N o . 2 (Chicago) — Pork, amoked hams (Chicago) Clothing: Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) _ Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York) _ Worsted yarns, 2/32's crossbred stock, white, In skein (Boston) Women's dress goods, storm serge, all-wool, double warp, 60 inches (New York) Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York) Silk, raw Japanese, Kansai No. 1 (New York) Hides, green salted, packer's, heavy native steers (Chicago) _ Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) _. Leather, chrome calf, dull or b r i g h t " B " grades (Boston)-., ..--. Leather, sole, oak, scoured backs, heavy (Boston) '. —_.-i Boots and shoes, men's black calf, blucher (Massachusetts) _ Boots and shoes, men's dress welt tan calf (St. Louis) Fuels: Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) ..._„._. Coke, Connellsville (range of prompt and future) furnace—at ovens _ Petroleum, crude, Kansas-Oklahoma—at wells _ Metals: Pig iron, foundry No. 2, northern (Pittsburgh) Pig Iron, basic, valley furnace• Steel billets, Bessemer (Pittsburgh) ...__ Copper ingots, electrolytic, early delivery (New York) _ Lead, pig, desilvered, for early delivery (New York) _ Tin, pig, for early delivery (New York) _ _ Zinc, slab, western, early delivery (New York) .. ~ Building m a t e r i a l s a n d m i s c e l l a n e o u s : Lumber, pine, southern, yellow flooring, 1 x 4 , " B " and better (Hattlesburg district). Lumber, Douglas fir, No 1, common, s 1 s, 1 x S x 10 (State of Washington) Brick, common red, domestic building (New York) Cement, Portland, net without bags to trade, f. o. b plant (Chicago district) Steel beams, mill (Pittsburgh) — • Rubber, Para Island, fine (New York) Sulphuric acid, 66° (New York) ->"- June, July, June, July, May, May, July, Apr., Per cent Increase (+) or decrease (—) In February from January 1920 1920 1920 1920 1920 1919 1919 1920 326 300 706 312 321 183 256 239 119 117 137 268 209 89 85 166 122 119 145 271 204 91 88 167 124 124 148 262 199 93 87 173 May, 1920 May, 1920 Sept., 1917 June, 1920 Mar., 1918 Mar., 1918 Mar., 1919 Apr., 1920 Apr., 1918 Mar., 1919 July, 1919 Apr., 1918 Feb., 1920 354 302 331 296 325 451 352 331 308 218 266 319 263 122 110 117 120 110 110 212 280 204 115 84 137 160 124 112 121 126 113 114 212 271 208 111 86 1S3 171 129 114 128 131 118 113 212 250 216 114 85 180 187 May, 1920 May, 1917 May, 1920 May, 1920 July, 1919 Sept., 1920 July, 1920 July, 1919 328 363 598 526 374 201 211 231 133 133 209 207 151 132 103 123 135 137 192 196 152 131 106 116 138 139 207 204 139 131 111 211 205 204 219 184 239 163 98 201 153 -6.4 +10,3 +15.7 0.0 0.0 0.0 0.0 rn +1.6 +4.2 +2L1 -3.3 +2.2 +3.6 +4.0 +1.8 +5.8 +4.0 +4.4 -0.9 0.0 -7.7 +3.8 -1.2 +17.6 +9.4 +2.2 +1.5 +7.8 +4.1 -&6 0.0 +4.7 -4.3 -5.4 -8.1 -7.3 0.0 May, 1920 Apr., 1920 May, 1920 Jan., 1920 Oct., 1918 July, 1920 Jan., 1920 Aug., 1919 Aug., 1919 Nov., 1919 AUg, 1919 Mar., 1920 Aug., 1919 348 47S 427 289 292 291 466 283 490 473 230 308 292 228 236 217 212 184 239 213 74 80 163 95 201 153 223 223 220 219 184 239 202 78 83 163 98 201 153 Sept., Oct., Aug., Mar., 1922 1921 1920 1920 336 201 637 375 154 216 164 109 166 216 165 133 166 216 172 162 0.0 0,0 +4.2 +21.8 July, Sept., July, Mar., June, May, June, 1917 1920 1917 1917 1917 1918 1915 346 330 388 230 261 224 386 148 143 155 82 173 105 113 151 144 155 80 188 108 116 155 150 155 81 203 118 +2.6 +4.2 Feb., 1920 Jan., 1920 Feb., 1920 Sept., 1920 June, 1917 Jan., 1913 Feb., 1916 455 407 3S1 105 331 124 250 183 190 290 163 166 25 75 192 212 305 170 166 25 75 123 193 212 305 173 166 24 73 +G.0 +0.5 ao ao ao +1.2 +&0 +9.3 ao 0.0 +L8 0.0 -4.0 -2.7 COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS WITH INDEX OF ALL COMMODITIES AT WHOLESALE (U. S. Department of Labor index numbers. Relative prices 1913-100) 1916 1917 J M M J S N J M M J 8 1918 N J M M J 1919 N J M M J S 1920 N J M M J 8 1921 N J M M J S . 1922 N J M M J 1923 S N J M M J 1924 S N J M M BUSINESS SUMMARY (Index numbers based on the 1919 monthly average as 100-^except unfilled orders which are based on the 1920 average—enable comparisons to be made of thefrelative con* dition of the several phases of business. The use of index numbers is more fully explained on the inside front cover, and details of this summary aro given in the table entitled "Indexes of Business/' beginning on p. 31.) * 1923 January February 1924 || November | December January February PRODUCTION: Manufacturing (65 commodities) Raw materials, total.l Minerals '_.:__ Animal products Crops Forestry Electric power Building construction (contracts awarded), 115 116 124 113 115 107 147 83 108 88 110 95 73 96 133 89 U12 141 136 123 158 119 149 111 104 129 125 129 133 103 153 102 108 128 119 39 108 160 107 117 100 128 105 87 115 150 103 STOCKS OF COMMODITIES UNFILLED ORDERS (relative to 1920) SALES (based on value): 126 85 130 93 132 53 136 58 132 63 140 63 Mail-order houses (4)^__ Ten-cent chains (5 chains) Wholesale trade Department stores (333 stores) 89 116 77 101 84 118 74 90 122 177 84 142 118 331 72 203 99 126 78 109 96 141 76 101 76 77 92 95 76 76 92 98 74 81 96 99 73 81 96 9S 73 80 96 99 74 79 95 99 114 106 -28 106 —39 116 122 92 101 103 189 104 107 100 109 113 79 . PRICES (recomputed to 1919 base): Wholesale, all commodities Retail food COST OF LIVING (recomputed to 1919 base) FACTORY EMPLOYMENT (recomputed to 1919 base)TRANSPORTATION : Net freight ton-mile operation Average weekly carloadings Net available car surplus (end of month) _ 1 Partly estimated. COURSE OF BUSINESS IN FEBRUARY metals, other than iron and steel, at 167 against 166 and 134; and tobacco at 97 against 111 and 94. The output of minerals in February as measured by the combined index on 1919 as a base stood at 121 as compared with 128 in January and 110 a year ago. Except for the output of silver, which increased over the previous month, the production of all products of PRODUCTION the mine for which comparable data are available February production, after due allowance for the registered decreases from January, while with the short month, was in general on about the same level as exception of gold and anthracite coal the increased in the previous month but registered increased activity output of minerals over a year ago was general. Marketings of animal products declined seasonally over a year ago. The output of manufactures in in February, the combined index for that month, based February as seen from the revised index of manufacon 1919 as 100, being 105 as compared with 119 in turing production stood at 117, based on 1919 as 100, January and 95 a year ago. Increases over a year and may be compared with 114 for January and 108 ago were registered in the marketings of all classes of a year ago. animal products except wool and eggs. Crop marketFebruary production, by major groups, shows foodings on the same base were computed at 121 for Febstuffs at 105 against 111 in January and 92 a year ruary as against 94 in the previous month and 104 a ago; textiles at 106 against 117 and 119; iron and year ago. Increased marketings over both the presteel at 128 against 124 and 121; lumber at 131 vious month and a year ago were registered in corn, against 124 and 112; leather and its products at 84 oats, and barley, while February marketings of rice against 87 and 97; paper and printing at 102 against 112 and 100; chemicals at 135 against 144 and 124; were larger than a year ago and smaller marketings stone, clay, and glass at 104 against 101 and 96; were recorded in rye. The following pages contain a review, by principal industries, of the more important statistics shown in the table on "Trend of Business Movements" (p. 35). Summaries of production, stocks, sales, and price changes are also shown, taken from the data in tables of "Indexes of Business" (p. 31). STOCKS BUSINESS INDICATOIIS—COMPARISON OF FEBHUARY FEBRUARY, 1923 INDEX NUMBERS WITH The course of commodity stocks as seen from the weighted index of 45 commodities on a 1919 base trended upward in February, the index at the end of February being 140 as compared with 132 at the end of January and 130 a year ago. The following group comparisons for these comparative periods may be noted: Raw foodstuffs at 186 for the end of February against 149 for January 31 and 201 a year ago; raw materials for manufacture at 119 against 134 and 107; manufactured foodstuffs at 77 against 76 and 75; and manufactured commodities at 156 against 156 and 122. On page 28 is given the results of a special study, by major groups, showing the trend of commodity stocks after due allowance for seasonal conditions have been made. PRODUCTION PIQ IRON •TEEL-INQOTS LOCOMOTIVES ZINC COPPER ANTHRACITE COAL BITUMINOUS COAL C*UD£ PETROLEUM COTTON 1 CONSUMPTION) STEEL CORP. (UNFILLED 01 PRICES WHOLESALE INDEX, ALL COMMODITIES ( OCT. SALES PETAIL fOOD i tt*% LABC*) FARM CHOPS < MPt AON i cut. FARM LIVE STOCK U t r r . BANKING AND FINANCE D t FAULTED LIABILITIES F>R)CE » INDO»TRfAL *>RIC« 38 RAILROAD «T0CK8 STOCKS DANK CLEARINGS. OUTSIDE NEW YORK CITY DISTRIBUTION (MPOHTS < VALUE) EXPORTS ( VALUE ) SALES, MAIL-ORDER SALES. TEN - FREIGHT. NET CENT HOUSES STCHCS TON-MILES 1824 xzzm FEBRUARY . Manufacturers' sales in February were generally less than in either the previous month or a year ago. Increases over January, however, occurred in the sales of structural steel and other building equipment, steel castings, and clay fire brick, while new sales of freight cars were greater in February than in either the previous month or a year ago. The ind'ex of unfilled orders on manufacturers' books, based on the 1920 average as 100, stood at 63.4 as against 62.9 for January and 93.2 a year ago. Wholesale trade in general declined seasonally in February, the lines not sharing in this general decline being hardware, which remained stationary, and dry goods, which increased. Based on the value of sales in 1919 as 100, the general index of wholesale tradestood at 76 as against 78 for January and 74 a year ago- * JANUARY RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES (Monthly average 1920=100) 5 < i I c 5 5 g t Retail trade by 10-cent chains stood at 140 for February, based on 1919 as 100, as. against 126 for January and 117 a year ago, while sales of mail-order houses on the same base were computed at 96 for February as compared with 99 for January and 84 a year ago. Sales of music and drug chain-store systems were larger in February than in either the previous month or February, 1923, while for grocery and shoe chains increased sales over a year ago alone were registered* in February. Sales of department stores declined seasonally in February, but were 12 per cent larger than a year ago. PRICES Prices received by producers for their crops at 41 per cent above pre-war may be compared with 40 per cent for January and 30 per cent a year ago, while the livestock index, based on 1913 as 100, stood at 98 for February as against 97 for January and 107 a year ago. Wholesale prices as compiled by the Department of Labor, based on 1913 average prices as 100, stood at 152 for February as against 151 for January and 157 for a year ago. Prices of the metal and metal products, building materials, and fuel and lighting groupings registered increases in February, while farm products, cloths and clotHing, and chemicals declined. As regrouped by the Federal Reserve Board this index shows an increase in raw products, due to increased prices for animal products, forest products, and mineral products, against which a deline in agricultural products is shown. As between producers' goods and consumers' goods, the former grouping registered an increase over January and the latter a decrease. Dun's index of wholesale prices at 58 per cent above 1913 showed no change from either the previous month or a year ago, while Bradstreet's index at 40 per cent above pre-war may be compared with 43 per cent in January and 51 per cent a year ago. The Federal Reserve Board's wholesale price index for international comparison at 163 showed no change from the prices prevailing during the five preceding months, while British and French prices continued to advance, the increase in British prices over the previous month amounting to slightly more than 1 per cent and the increase in French prices to 5 per cent. Retail food prices as compiled by the Department of Labor stood at 147, based on 1913 as 100, as against 149 in January and 142 a year ago. The cost-of-living index at 64 per cent over July, 1914, may be compared with 65 per cent for January and 58 per cent for February, 1923. TEXTILES Receipts of wool at Boston declined both from the previous month and from a year ago, being in February 93345—24 2 more than 60 per cent less than in February, 1923, this decline being largely due to smaller foreign receipts. Consumption of wool by textile mills in February declined 6 per cent from the preceding month, while the hourly machinery activity showed relatively little change as respects looms but an increase in the activity of cards, combs, and spindlos, both woolen and worsted. Imports of wool increased 28 per cont over January, but were 31 per cent below February, 1923. Prices of raw wool in February averaged more than 3 per cent higher than in the previous month, while worsted yarns and woolen goods showed no change. W O O L C O N S U M P T I O N AND IMPORTS (Consumption computed to 100 per cent of industry) 100 TOTAL COTTON GINNINGS FROM EACH CHOP: 1913-1923 MILLIONS OF BALES 192 1022 102! IB2O t.Ot 9 1918 1917 10(6 1916 19 (913 1912 STOCKS OF COTTON AT WAREHOUSES AND MILLS 6,000 wAR Et 10 UJ3E 4.000 3.000 til i // 14i- I V / LL. o \P u Q a cAA Z 1,600 < CO 3 1.400 j 1.000 • \\\ 600 400 200 0 i 4w / 1913 V t-rr-1H w i 1$ tV I9\ \ \. I i J/f K 11 k.1 i II r Hi H * 1915 \ 1 i • TH ERI OB £ ^ £ » < i 8 J 1914 A • SO LJTI HEF N J/ ] r n V \\ ft \AW .L s TCJC <S\ 1 w K \ N DR1'HE RN i 1 800 / N 1 \ L H 1,200 \ \ •y O X 1 — \ tn ''Ooo u A\ so JTh ER i L It \ 11 (I n A \1 i 5.000 S TC Cl cs < "3 1916 O 1 : ! 8E § S 3 T » 1917 < -> 1918 d O 1919 <t 5 I; ! S 5 8 1920 3 :» i M/ < -3 1921 \ f 1 j 1 O <t -* 1922 1 1 A n i £ 1 £ ii > \ o - a J ^ S * i 81923 5 < =9 O 1924 11 The final report on ginnings indicates a 1923 cotton ©rap amonntlng to 10,159,000 bales against ginmlnge of 9,729,000 bales from fee 1922 crop. Cotton eonsimption by textile mills In Febrasuoy registered a dtadlne of 12 per cent from January send 11 per cent from a year £g©0 Stocks of eotton war® considerably lower at the ©lid of Febrnary than a year a^@0 Imports of raw ©otton increased 2 p®ir cent oner Janw « j 5 brat were 27 below th® corresponding month of I923o Exports of unmanufactured cotton, Including Haters, declined 12 per ©out In February from th® prewoiis irnontlfar but were 34 per cent above m wmt sag®. Cotton spindle activity declined in Fobra@jry B©tk from th® pr®TioE§ month and February a year ° ig®3 while prices of cotton and cottoa] goods a¥@rag®d from I to 10 per ©©at low©r in Fobraary than in Jarrm ffijo Prodmetion^ n©w ord®fis and shipments of find goods by cotton finiehere declined from both y and a year agor In terms of per cent to capaciij9 th© operating activity of cotton finish®rg for February stood at ©4 as against T4 for Jannary and 74 a joar ag©o Exports of eotton doth increased 2 per « t ®T®r Jannarfj, hut th® outward mor/®m®nt of cotton cloth in Febrnary was 22 per cent below a 5 - or ©00!—J—=_L^i' I l ' i1 I I F F, i 1 I1 ®'=X ^— ll I Th® two accompanying diagrams show the dis° tribntion of the exports of raw cotton from the United States dnring th® calendar years 1918 to 1§23P 1m CIMSITCO Th®firstdrawing gives this distribution as between the principal countries Importing, American cottons wMI© In th® second drawing th© segregation given shows the dlstrlbntlon as between the principal ©nstosas districts from which cotton was exported dnr° this perlodo ©IF E A W WMOM FlSEMCIFA& PIG-IRON PRODUCTION AND UNFILLED ORDERS AT THE END OF EACH MONTH (UNFILLED ORDERS FROM UNITED STATES STEEL CORPORATIONS 1913 1914 128 1915 1916 1917 1919 1918 1921 1920 1 1922 — — • 112 104 96 t — 83 i \l\ j 09 O 80 A\ \ \\ \ \ \ w \L j STEE:L i?„4F I ,| RED c 2« 1 M 1 I II *» MM1MI uI lit \ •••• • /SL ^ iC / v — N ZL U MF ILL EC ERS - 0 1 F- -^ I 1 / / / 4f T T //tt \ \ PI •r \ r CTIOI R( \\i \l 1 \ \ \ l\\ \ \ _ J \ ! / T / \/l \ V7 QI L / / _\I — IHI IJ \int \\ — _n_ffl 1 \\ i \ 8 — 1924 • T \ A — ,\ 1 I 1I —1 i it it tt . 1923 —i —! —i — I - • it °w U. / / | / / — IJ // \ / \ \l \i \i M vr [Mil _— // VirIT T w 0 13 Silk deliveries to consuming establishments in February declined from both the preceding month and February a year ago, while stocks of silk at the end of February were 9 and 10 per cent less, respectively, than on January 31 and at the end of the corresponding month a year ago. Imports of silk declined in February, the decrease from the previous month amounting to 21 per cent and from a year ago 18 per cent. The wholesale price of raw silk at New York averaged 7 per cent lower than in January and 22 per cent lower than a year ago. Imports of burlap increased in February, being N3 per cent greater than in the previous month and 21 per cent greater than a year ago. Imports of unmanufactured fibers declined in February, being 2 per cent less than in January and 6 per cent lower than a year ago. IRON AND STEEL Pig-iron production increased in February, being 2 per cent greater than the output in January and about 3 per cent greater than a year ago. Consumption of iron ore made corresponding increases over January! and a year ago, while stocks of ore at furnaces and Lake Erie docks at the end of February declined 14 per cent from January and 4 per cent from a year ago. Production, sales, and unfilled orders of merchant pig iron declined in February from both the previous month and a year ago, while shipments registered an increase over those two comparative periods. The production of castings by Ohio gray-iron foundries increased 13 per cent over January, while foundry stocks at the end of February, registered an increase of 4 per cent over January inventories and 2 per cent over a year ago. February average wholesale prices of ^on, though below a year ago, increased over January from 3 to 5 per cent. The February production of steel ingots increased 5 per cent over January and 9 per cent over a year ago. Unfilled orders of the United States Steel Corporation at the end of February increased 2 per cent over the previous month but were 33 per cent below a year ago. The output of steel sheets by independent drills increased over both the previous month and February a year ago. In terms of percentage to plant capacity the February output was equivalent to 96.5 per cent as against 87.2 in January and 89.0 a year ago. Shipments of sheets - also increased in February, but new sales, unfilled orders, and stocks declined. New bookings for steel castings in Feb*u&ry, although 21 per cent less than a year ago, registered an increase of 44 per cent over the previous ^onth, this increase being, in great measure, attributable to larger bookings for railroad specialties. While ttew bookings for fabricated structural steel increased 3 Per cent over January, wholesale prices of steel showed practically no change from the previous month. The following table shows statistics of fabricated structural steel reported to the Department of Commerce by 180 identical firms with a present capacity of 234,505 tons per month and total statistics computed to a capacity of 250,000 tons per month in 1922 and 260,000 tons per month in 1923 and 1924 prorated from the percentage figures. FABRICATED STRUCTURAL STEEL Per Per Actual ton- cent of Computed cent of catonnage nage capacity pacity TEAR AND MONTH Computed tonnage 192*2 April., May.. June July August September. October November.. December.. January... February... March April May June July August September. October NovemberDecember.. 1928 1924 January... February.. 201,800 185,847 169,991 158,828 157,559 147,604 133,737 113,135 139, 547 87 80 73 68 6864 58 49 60 217,500 200,000 182,500 170,000 170,000 160,000 145,000 122,500 150,000 174,100 185,763 221,342 187,271 132,873 119,086 118,386 135,914 122,401 1 113,536 U26,482 1 188,762 73 78 93 79 56 50 50 57 52 53 79 189,800 202,800 241,800 205,400 145,600 130,000 130,000 148,200 135,200 124,800 137,800 205,400 205,400 179,400 171,600 71 73 184,600 189,800 166,400 156,000 • 48 •165,219 * 167,322 i Reported by 175 firms with a capacity of 238,005 tons. Reported by 174 firms with a capacity of 237,755 tons. * Reported by 168 firms with a capacity of 232,195 tons. * Reported by 158 firms with a capacity of 228,155 tons. 3 LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS boo — — — — A i g 1 g BlflL 4UMI H < 4 UN tU.E 3 t OR i % \ i\ I j s g IJ5O A / \ Z W 1,504 ..i / i I 1 ] I uso 760 1 1I 1 if 160 I f \ -I- f ..NUMSE 1 1 PPEC 1 ff A\\\LnJ 260 0 | 0 i A 1V r A. ii 1 i!\ I 1 i \ y 1 i / / 11 1 1 / \ / ff V 1 1N11 iv • 1 i f J T 1920 * f* i i 1932 i i \: h IS :I 11834 t 14 February locomotive shipments by principal manufacturers declined 34 per cent from the previous month and 52 per cent from a year ago. Unfilled locomotive orders at the end of February were 33 per cent larger than on January 31, the number of locomotives on order at the end of February being 499 as against 376 for January 31 and 2,220 a year ago. New orders for freight cars increased 350 per cent over January and 430 per cent over a year ago. The number of mechanical stokers sold in February increased over January, while the horsepower equivalent declined. The value of steel furniture shipments increased in February over both the previous month and a year ago. of fuel oil in the year 1923 by locomotives of the principal railroads in the United States as compared with 46,628,556 barrels in 1922. PRODUCTION OF BEEHIVE AND BY-PRODTJCT COKE ! H u O2S Y-PROT V UCT-*f CO IV LLIS / \ J j \ r v / NONFERROUS METALS BEEMt Copper production declined 4 per cent in February, but was 25 per cent greater than a year ago. Exports of copper increased 30 per cent over January and 79 per cent over February, 1923. Wholesale prices of electrolytic copper averaged 2 per cent higher in February, while sales of tubular plumbing goods, although greater than a year ago, declined markedly from JanuaryZinc production declined 12 per cent from January, but was 4 per cent greater than a year ago, while stocks of zinc at the end of February, although 242 per cent above a year ago, declined 9 per cent from the previous month. Receipts of zinc at St. Louis declined, while shipments from St. Louis increased over the previous month. The wholesale price of prime western zinc, in slabs, increased 4 per cent during the month. Stocks of tin at New York increased 17 per cent but the world visible supply at the end of February declined 10 per cent and 13 per cent, respectively, from the previous month and a year ago. Consumption of tin increased 81 per cent over January, while imports registered an increase in February, amounting to 59 per cent over the previous month, and the wholesale price of pig tin averaged 9 per cent higher in February than in January. FUELS The output of bituminous coal declined 10 per cent in February, while exports increased 21 per cent over the previous month and the wholesale price of bituminous coal showed little change from January. The production of anthracite coal declined 4 per cent in February, while exports increased 14 per cent and the retail price of chestnut at New York averaged 3 per cent lower than in the previous month. The production of petroleum declined 3 per cent in February but was 14 per cent larger than a year ago, while stocks continued to accumulate and the wholesale price averaged 22 per cent higher during the month* Reports from the American Petroleum Institute indicate a consumption of 57,641,233 barrels .A \ y i i i IB2I t i i I 3 1 i t 1922 AUTOMOBILES. AND TIRES Automobile production increased in February, the passenger-car output totaling 336,363 cars, as against 287,302 in January, and trucks 31,072, as compared with 28,846 in January. Shipments of automobiles in February increased correspondingly over the previous month. The first diagram on page 15 gives, by geographic distribution, the percentage increase in automobile registrations at the end of 1923 over comparative periods. The increase of registrations at the end of 1922 over 1921 is also given. The data upon which this chart is based were compiled by the Bureau of Public Roads, United States Department of Agriculture, and include passenger cars and tracks, both gasoline and electric. On page 15 is also given a drawing showing the comparison of automobile registrations and concrete highway mileage at the end of 1923 by geographic divisions, and on this diagram will be found a map of the United States showing the geographic divisions which have been used in each instance. Production of pneumatic tires, tubes, and solid tires increased in February. Except for inner tubes, tire shipments increased, while stocks of all classes of automobile tires continued to accumulate. The'diagram below gives the course of production, shipments, and stocks of pneumatic tires since January, 1921. In this drawing the excess production over current shipments is indicated by the shaded area, while the excess shipments over current production is indicated by the black area. Imports of crude rubber increased 44 per cent over January, while the wholesale price of rubber averaged 4 per cent lower, being in February 76 per cent below the average prices of rubber in 1913. 15 TOTAL AUTOMOBILE REGISTRATIONS AT THE E N D OF 1923P E R CENT INCREASE OVER COMPARATIVE PERIODS PRODUCTION, SHIPMENTS, AND STOCKS OF PNEUMATIC TIRE: 1922 OVER 1921 1923 OVER 1922 1923 OVER 1921 \ I I 1 1 i i I LEATHER GLOVES AND MITTENS CUT (IN DOZEN PAIRS) _ i JANUARY Men's and boy's Dress and street gloves, etc.: Imported -.. Domestic Work gloves, mittens, etc 21,408 31,457 138,990 Women's and children's 5,598 2,106 349 FEBRUARY Men's and boy's 23,934 35,0&4 145,044 Women's and children's 7,316 2,227 .291 HIDES AND LEATHER PAPER AND PAPER PRODUCTS Imports of all classes of hides and skins increased in February, the total being, however, 41 per cent Imports of mechanical wood pulp declined slightly below the inward movement of February, 1923. from January, while chemical pulp imports in FebExports of sole leather and upper leather exports ruary increased 40 per cent over the previous month. increased over the previous month. Wholesale prices Total pulp imports in February aggregated 141,815 of hides and skins averaged higher in February, while tons, as against 125,540 tons a year ago. Production prices of leather showed no change from the pre- and shipments of newsprint paper decreased in Febceding month. ruary but were above a year ago, while stocks of newsBoot and shoe production increased slightly in print continued to accumulate, being at the end of February, while exports registered an increase of 32 February 31 per cent larger than a year ago. Imports per cent and Avholesale prices of boots and shoes of newsprint paper declined 4 per cent in February showed no change from January except for quotations but were 15 per cent larger than a year ago. for women's* shoes at St. Louis, which declined. The Production of paper boxes increased, being in Febfollowing table shows the number of leather gloves ruary 7 per cent larger than the output of the previous and mittens cut in January and February as reported month and 4 per cent greater than a year ago. The to the Department of Commerce by 235 identical operating time of paper-box manufacturers was comestablishments. puted at 78 per cent of normal, as against 72 in Jan- 16 uary and 75 a year ago, while prices of finished boxes were about 10 per cent lower than a year ago. Sales of abrasive paper and cloth in February increased over both the previous month and a year ago. Below are given comparative monthly statistics covering the awards for construction in 36 States, representing seven-eighths of the total construction of the United States. BUTTONS AND GLASSWARE COXSTKUCTION CONTRACTS AWARDED IN 36 STATES * The productive activity of manufacturers of freshwater pearl buttons increased from 38.4 per cent in January to 43.5 per cent in February, which may be compared with 53.4 per cent for a year ago. Stocks of buttons continued to decline, but at the end of February were 6 per cent greater than a year ago. Production and new orders for illuminating glassware increased in February, but were 5 and 26 per cent less, respectively, than a year ago, while shipments increased over both the previous month and a year ago. Grand total: Value thousands of dollars.. Floor space thousands of sq. ft.Number of projects - BUILDING CONSTRUCTION Construction costs in general increased in Februar}7, while fire losses in the United States and Canada declined from both the previous month and February a year ago. Contracts awarded for building construction in 27 northeastern States called for an expenditure of $259,264,000, as against 8261,320,000 in January and lettings amounting to §229,938,000 a }^ear ago. Residential construction represented 50 per cent of the February awards, as against 61 per cent in January and 39 per cent a year ago, while the February lettings for the construction of business buildings represented 16 per cent of the total, as compared with 13 per cent in January and 12 per cent a year ago. February, 1923 CHARACTER OF CONSTRUCTION Business: Value thousands of dollars.. Floor space thousands of sq. ft_. Number of projects Industrial: Value thousands of dollars.. Floor space thousands of sq. ft.Number of projects Residential: Value thousands of dollars.. Floor space thousands of sq. ft.. Number of projects Educational; Value thousands of dollars. . Floor space thousands of sq. ft..i Number of projects : ! Other public and semipublic: s | Value thousands of dollars.. Floor space thousands of sq. ft..j Number of projects j Public works and utilities: j Value thousands of dollars.. Number of projects 38,893 536 i As compiled from data furnished by the F . W. Dodge Corporation. 'Includes hospitals and institutions, public buildings, social and recreational buildings, and religious and memorial buildings. The diagram on page 17 gives a quarterly comparison, since the beginning of 1920, of new awards for public and semipublic construction in 27 northeastern States and new issues of long-term municipal bonds. VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES 1921 28,381 361 1922 17 CONTRACTS AWARDED FOR PUBLIC AND SEMIPUBLIC CONSTRUCTION AND NEW ISSUES OF LONG-TERM MUNICIPAL BONDS MEW LONG-TERM MUNICIPAL BOND ISSUES TOTAL AWARDS FOR PUBLIC AND SEMI-PUBLIC C (27 NORTHEASTERN STATES) 2ND. ' 3RD. • 4TH. QUARTERS 1920 2ND. • 3RD ' 4TH. QUARTERS 1921 BUILDING MATERIALS Total production of 10 important species of lumber, representing over 70 per cent of the total cut of lumber in the United States, increased in February over both the preceding month and February, 1923. Corresponding shipments of lumber increased over January, while stocks of lumber, except for southern pine and Michigan hardwoods and softwoods, were larger at the end of February than a year ago. Exports of lumber in February, although 20 per cent greater than a year ago, registered a decline of 27 per cent from January, while prices of lumber in general averaged higher during the month. Production and shipments of oak flooring declined in February, while maple flooring shipments increased and production declined from the previous month. As compared with a year ago, the February production and shipments of oak flooring were 19 and 22 per cent greater, respectively, while the output and shipments of maple flooring were 14 and 23 per cent lower. Stocks of oak flooring at the end of February were 51 per cent greater than a year ago, while stocks of maple flooring were 11 per cent less than those held at the end of February, 1923. New orders for both classes of flooring were considerably below a year ago. Production and shipments of refractory bricks in February increased over the preceding month and a year ago. New orders and unfilled orders for clay fire brick also increased in February, new orders being about 1 per cent larger than a year ago. Stocks of clay fire brick at the end. of February were 23 per •cent larger than a year ago, while the silica brick in93345—24 3 2ND. ' 3RD. QUARTERS 1922 4TH. I 1ST. ' 2ND i 3RD.' 4TH QUARTERS 1923 ventory indicated a decrease in stocks from a year ago, amounting to 9 per cent. Production and shipments of face brick increased over both the previous month and February, 1923, while unfilled orders for face brick on manufacturers' books at the end of February were 21 per cent less than a year ago, and stocks continued to accumulate. Production and shipments declined while new orders and unfilled orders for paving brick increased in February, the production of No. 1 and No. 2 brick being in terms of percentage to normal plant capacity 45 per cent as against 37 in January. Wholesale prices of common brick at New York showed no change from those prevailing in January. The production of Portland cement declined 2 per cent in February, while shipments increased 14 per cent and stocks continued to increase, the inventory at the end of February being 24 per cent larger than a year ago. Wholesale prices of cement showed relatively no change in February. New awards for concrete pavements were 14 per cent larger than the lettings in January, but were 27 per cent smaller than the awards in February, 1923. The first diagram on page 18 shows by geographic divisions a comparison of concrete highway mileage and automobile registrations at the end of 1923. It should be noted that, for the purposes of this chart, concrete highway mileage alone is given, no other hard-surfaced highways being included. New orders, shipments, stocks, and unfilled orders for all classes of enamel sanitary ware increased in February. The production of roofing felt in February increased over both the preceding month and a year ago. AT EOHWAT I11 me in th® years 1922 and 1923 as compiled from i'oporto Issued by th® United States Geological Sum my, . Th® estimated total output of Mm® during 192B i giren as 4^057^000 short tons as against rBfi$9fit7 w 1922o Agaiast th®se data may b® shown th® promotion" in 1921^ amounting to 23BB2stBB tonss and a, 1920 amounting to 3?§70y141 short tonso THIS EM® or = FlE0BWOTII©M ©F fiilJmitsi Sfefesi_ _ B%(gn tm9m »4fflH O (OS0 aim lllQffid Ml imv MB 7gMsi =QC ai s ©as (8) ITS 3 D (0S® () 121 fete AW® IM, 4931 « jm 44 S » Bm sm s§Dgro OC I i AMB OILS Imports of potash and nite&t® of soda in February s 'ithomgh large? than a year ago^ declined from Jani irj9 wHl® exports of snlphnrio aeid^ dyeetnfJFSs and iftfc©3TB iaereased ®¥er the previous month and p _ 'I _LJ.J m I _ l W mma® mm-mamrs &$ ooi "i"fn^ c^ ~r .|5ff : I' ' , % • g 4 I • dnekg S J__J'J_I_ I l_ \1 t9I3 0 Prieei of drags and pharmaoemtieafe In TebmMry^ while prices of <ejfmde drags ind essential oils deefeedo ' B.eo@ipts of tnrpentine at the principal somtheina port§ increased 1© pe? ©ent in Feferaarf and'were twice f3B i' age as a year ago3 whfla terpentin® stocfa deohinied IB 32° e®ntsfe@iagat th® end of Fdbr»ry 3 howeTer^ 1? p®^ •nt larger than a year ag©o Mdsim receipts deeEnadi 13 per cent from JaMiary^ bmft wer® 9 par e®Bt larger i ,am a year ago^ wMl® stoeta of rosin at the end of F©Tb® nary were IS p®r cent lower than at th® end of the pre^oms°month and 8 per cent less than a year ago0 Ena° - iDrtsof vegetthl® ois Increased 34 perhemt m Jammaffy^ ne Feferaary total B@mg almosft twice as large as ay®^ g% wMI® ©iports of Y®getsJbI® oils coinitinned to d®dM®? sing in February 87 p®r cent less than, th® aT icatHy exports In 1913d Stocks of yottbnseed declined se^ionally m F jinasy, being 26" p e / c e n t larger at th® end of A® nonth than '& year agoD Th® omtpmt of cottoni®®1® >h was less k a February fttan in "either the pr©TM* 'i i omiii^or the corresponding month a year agos white c c b J©f cottonseed ©11 $si th® end of Fabrm^ry r© 1948 per cent larger than a year ago, and the wholesale price of oil in New York averaged 8 per cent lower than that which prevailed in January. Consumption of oleomargarine declined 1 per cent in February, but was 20 per cent larger than a year ago. Except for shipments from Duluth, which increased over January, receipts, shipments, and stocks of flaxseed at Minneapolis and Duluth decreased in February from the previous month. CEREALS Receipts of wheat at the principal primary markets increased 25 per cent in February, but were 8 per cent below a year ago, while shipments of wheat declined 5 per cent from January and 1 per cent from a year ago. The visible supply of wheat in the United States and Canada east of the Eocky Mountains at the end of February was 43 per cent greater than at the end of the corresponding month of 1923, while exports of wheat, including flour, declined 18 per cent from both January and a year ago. Wholesale prices of wheat at Chicago averaged higher in February, while prices of flour likewise increased over the previous month. The following table shows the output of wheat flour reported by over 1,000 mills each month, which made about 84 per cent of the flour produced in 1921, according to the census of manufactures. WHEAT FLOUR PRODUCTION YEAB AND MONTH July August September October November December 1928 I. 1924 January Febru Wheat ground (thous. of bushels) Flour produced (thous. of bushels) Grain offal produced (thous. of pounds) Per cent of capacity operated 35,871 44,179 44,969 60,810 43,606 37,799 7,805 9,642 9,760 10,983 9,403 8,137 633,324 772,774 796,325 908,311 783,669 678,576 4S.0 54.7 62.1 62.0 68.8 49.3 41,833 38,812 8,970 8,353 740,040 698,639 51.9 53.3 Receipts of corn at the primary markets increased 42 per cent over January and 39 per cent over a year ago, while shipments in February increased 8 per cent over the previous month and 28 per cent over February, 1923. The visible supply of corn at the end of February was 31 per cent below a year ago, while exports of corn and cornmeal increased 14 per cent over January but were 60 per cent below a year ago. Com grindings for glucose and starch manufacture increased over both the previous month and February, 1923. The wholesale price of corn averaged 5 per cent higher than in January. Receipts of barley, oats, and rye increased correspondingly over the previous month and a year ago, except for rye, which declined 59 per cent from February, 1923. The visible supply of oats at the end of February was 36 per cent less than a year ago, while the exports of oats and barley were only about one-half as large as a year ago. Wholesale prices of oats and barley averaged higher in February, while the price of rye declined. Receipts and shipments of rice from mills declined from January but were 48 and 65 per cent larger, respectively, than a year ago. Exports of rice declined 42 per cent in February and were only about one-half as large as. a year ago, while imports of rice in February registered a decline of 29 per cent from the previous month and 20 per cent from a year ago. Car-lot shipments of fruits and vegetables increased in February over the corresponding month of 1923, while hay receipts at 11 principal markets increased 4 per cent over January and 51 per cent over a year ago. MEATS AND DAIRY PRODUCTS Receipts, shipments, and slaughter of cattle declined seasonally in February but, except for shipments, were larger than a year ago. Receipts, shipments, and slaughter of hogs also declined seasonally but were considerably above their respective movements in February, 1923. Receipts and slaughter of sheep also increased over February, 1923, but shipments from primary markets in February were less than a year ago. Exports of beef products increased 18 per cent over the previous month and 2 per cent over a year ago, while the cold-storage holdings of beef products at the end of February were 3 per cent less than a year ago, and prices of cattle and beef averaged higher during the month. Exports of pork products declined 15 per cent from February but were 16 per cent larger than a year ago, while storage holdings of pork at the end of February were 12 per cent larger than a year ago and prices of hogs and pork declined during the month. Storage holdings of lamb and mutton at the end of February were 62 per cent lower than a year ago, while prices of sheep and lamb averaged considerably higher in February. Cold-storage holdings of fish at the middle of February were 50 per cent larger than a year ago and the receipts of poultry were also larger than a year ago. Receipts of butter, cheese, and eggs at the principal markets increased in February over the previous month and a year ago, except for eggs,.while coldstorage holdings of these products were larger at the end of February than a year ago. Wholesale prices of butter and cheese averaged lower than in January. TOBACCO The consumption of cigars, cigarettes, and tobacco as measured by February tax-paid withdrawals declined from the previous month, but, except for a decline in cigars, the February consumption was larger than a year ago. Exports of unmanufactured to- 20 bacco declined in February from January, but was 59 per cent larger than a year ago. Sales of tobacco at loose-leaf warehouses declined in February, but were 37 per cent larger than the sales in February, 1923. WATER TRANSPORTATION The tonnage of vessels engaged in foreign trade, entering American ports, was less in February than in January, due to a decrease in the tonnage of incoming American vessels, while clearances from American ports were also less in February, the decline being attributable to decreased tonnage of outgoing foreign vessels. Freight rates to the United Kingdom and all Europe from Atlantic ports increased in February, but were 70 and 75 per cent, respectively, below the rates prevailing in January, 1920. RAILROADS The net available daily average surplus of freight cars for the last week of February totaled 130,282 cars against 164,438 cars for the same period in January and a net shortage of 64,814 a year ago. February car loadings averaged 908,404 cars per week as against 858,863 cars in January and 848,269 a year ago. SHORTAGE, SURPLUS, BAD-ORDER, AND OP FREIGHT CARS TOTAL LOADINGS' Uoo of ore, although greater than in January, were below February a year ago. Freight cars in need of heavy repairs increased in February, but at the end of the month were 22 per cent below, a year ago. Locomotives in bad order, both freight and passenger, also increased, but at the end of February were 28 per cent below the corresponding period of 1923. EMPLOYMENT Factory employment in the aggregate, as shown by reports from 1,428 representative factories, remained stationary in February, but, as compared with a year ago, an increase of one-half of 1 per cent was registered. Of the 14 major groups into which these factories have been divided, seven recorded increases over the previous month, viz, iron and steel, lumber, paper and printing, chemical, stone, clay and glass, metals other than iron and steel, and vehicles, ranging from onehalf of 1 per cent in the vehicle and iron and steel industries to 2 per cent in the lumber industry. Seven groups recorded declines in industrial employment from the previous month, viz, food products, textiles, leather, beverages, tobacco products, railway repair shops, and miscellaneous, ranging from two-tenths of 1 per cent in employment in miscellaneous factories to more than 3 per cent in factories producing tobacco manufactures. Of the industries reporting increases over January, five also recorded increases over a year ago as follows, lumber, paper and printing, stone, clay and glass, metals other than iron and steel, and vehicles, while of the seven which recorded decreases from January employment in two was above a year ago, viz, beverages and miscellaneous. Employment in New York State, Wisconsin, and Illinois increased in February. Average weekly earnings in New York declined in February, while for Wisconsin factories weekly earnings in February averaged higher than in January. The following monthly figures, reported by the United States Civil Service Commission, give a comparative summary of the operations of the civil-service system: CIVIL-SERVICE APPLICATIONS, EXAMINATIONS, AND SEPARATIONS l TEAR AND MONTH NUMBER OF APPLICATIONS RECEIVED NUMBER OF PERSONS EXAMINED APPOINTMENTS, NUMBER OF PERSONS APPOINTED NUMBER OT PERSONS 8EPABATED Depart- Field DepartDepart- Field Depart- Field mental mental service mental Field mental service service service service service service service 200 1923 June July August September... October November... December.... 1924 January February.. 3f930 9,898 4,175 13,943 3,875 15,218 2,980 18,538 2,415 19,263 2,953 15,511 2,410 12,887 3,515 2,320 1,817 1,793 3,038 2,478 1.397 11,051 12,660 11,770 16,824 16,893 15,564 9,710 509 599 618 702 552 509 366 5,629 6,787 5,791 7,514 6,612 8,059 6,021 876 523 545 937 823 604 475 6 333 $960 »«;747 8,129 3,120 13,534 212 *6,789 240 * 5,4*0 15,304 & — Except for livestock and coal, which declined from January, the increase in weekly loadings in February over the previous month was general, while loadings neia service is meant all service outside of the District of Columbia ana mw*uw the service in Washington under the jurisdiction of the fourth civil-service district. J Subject to revision. 21 EMPLOYMENT IN SELECTED INDUSTRIES1 (Relative employment 1921-100) FOOD AND KINDRED PEODUCTS TEXTILES AND THEIR PRODUCTS IRON AND STEEL AND THEIR PRODUCTS LEATHER AND FINISHED GOODS as 425 zn iitn ! » -*» \ >*< HU it J \ s 76 15 s n si n n s «o j S METALS AND METAL PRODUCTS (Other than iron and steel) CHEMICALS TOBACCO MANUFACTURES j VEHICLES FOR LAND TRANSPORTATION 339 \ r Sirs IU g t» ^> / ^ K» - 1/ 3*. / H iff s u s 1 n T» Tt s ! IV it ; i tr 1 3 i ! i«34 1923 i i I i 1-1 It It M j at 5 1 if 24 J « • 1 K IK* TOTAL, ALL INDUSTRIES (1,428 factories) RAILWAY REPAIR SHOPS PAPERjAND PRINTING LUMBER AND ITS MANUFACTURE i i ; 300 i IW 8. V Tt hft ; i \ ii i 1KB \ t ian iL M, § s ? ,i 5 d^ > i1 1 BetaUed data, on which these charts are based, covering the 14 major industries as grouped according to classification in the census of manufactures will be found on pages 172 and 173 of the February issue (No. 30) of the Survey of Current Business. 22 IMMIGRATION, EMIGRATION, AND IMMIGRATION QUOTA lections in January, but were larger than those of a year ago. SALES OF MAIL-ORDER HOITSES AND CHAIN T E N - C E N T STORES ~\ ji AIM i ITORE \ LJ JIt 1 A --/ T 1920 | IWI | ll l/i \ sA v ^ I'' "V > ^ M A l U - O R p E R 1- OUS£! 7 i 1922' Operations of State and municipal employment agencies in February recorded less activity than in either the previous month or a year ago as respects registration of workers, jobs, and placements. The 'ratio of applicants per job stood at 1.45 for February as compared with 1.61 for January and 1.05 a year ago. \ 1920. i i i \ i i i \% I 1921 I 1922 i t ]1924 PUBLIC FINANCE The gross debt of the United States Government was reduced three-tenths of 1 per cent in February, standing at $21,520,000,000 on February 29,' 1924. DISTRIBUTION MOVEMENT At the end of February the short-dated debt, i. e.3 the Sales of two leading retail mail - order houses de- debt'maturing within five years, stood at $8,490,000,clined slightly in February but were 16 per cent 000 as against $5,730,000,000 a year ago. Customs larger than a year ago. Sales of four 10-cent chain receipts increased 26 per cent in February, while the systems increased 11 per cent over January and 20 total for the eight months ending February 29, per cent over a year ago. Two large restaurant amounting to $359,985,000, was 5 per cent larger chains registered a decline in sales amounting to 5 than the collections in the corresponding period per cent, but the Februaiy business was 8 per cent ending February 28, 1923. Ordinary receipts ingreater than a year ago. creased over both the previous month and February Candy sales by manufacturers in January, as a year ago, while the total receipts for the eight months measured by internal-revenue tax collections during of the fiscal year 1924, amounting to $2,359,361,000, the month of February, declined from both December registered an increase of about 3^ per cent over the and a year ago. Advertising in March magazines corresponding period of last year. Expenditures increased 14 per cent over the previous month and chargeable to ordinary receipts declined both as was 11 per cent larger than in the magazines for March, respects the previous month and a year ago, while 1923. Newspaper advertising in the principal cities for the fiscal year thus far the expenditures, amounting of the United States declined in February, but was to $2,344,512,000, were about 1 per cent less than a 7 per cent larger than a year ago. year ago. Postal receipts in 50 selected cities declined in FebThe per capita distribution of money held outside ruary, but were 10 per cent larger than for the cor- the Federal reserve system and the United States responding month of 1923. Internal-revenue taxes Treasury increased 3 per cent in February, amounting collected in February covering theater admissions to $42.85 at the end of the month compared with and jewelry sales in January declined from the col- $41.61 on February 28, 1923. 23 DEBITS TO INDIVIDUAL ACCOUNTS AT PRINCIPAL CLEARING-HOUSE CENTERS GROUPED BY FEDERAL RESERVE DISTRICTS Index numbers relative to 1919 monthly average 1924 192S 1934 192S DI3TEICT February UNITED STATES, 141 clearing-house centers. March -March 99.9 108.8 112.7 111.5 115.9 118.5 99.3 113.9 121.4 125.8 133.7 104.1 132.0 125.6 133,3 115.2 104.8 115.3 98.1 124.1 104.2 111.7 97.7 106.3 134.4 111.4 126.7 105.9 111.1 132.1 111.8 131.7 110.7 ST. LOUIS DISTRICT: 106.0 102.5 145.3 148.9 114.9 112.2 143.4 144.2 118.5 117.0 145.3 130.3 MINNEAPOLIS DISTRICT: 102.2 70.0 116.6 89.4 105.7 95.0 148.3 104.3 126.0 110.7 77.8 128.4 95.8 8 101.7 156.9 117.2 142.0 112.4 83.3 148.6 96.3 115.1 100.0 157.8 125.9 158.0 90.5 84.0 78.6 107.8 67.6 97.4 95.8 79,7 106.9 62.2 102.7 97.3 92,8 112.9 83.8 102.2 104.9 174.6 112.5 118.7 72.0 75.7 106.4 114.6 194.9 111.2 127.1 82.8 67.6 106.9 119.5 179.7 104.6 125.0 82.6 110.0 BOSTONTDISTRICT: Total, 11 centers. . ! . „ Boston ..... Hartford Providence New Haven N E W YORK DISTRICT: Total. 7 centers Albany. Buffalo... Rochester.. New York 1""" PHILADELPHIA DISTRICT: Total, 10 centers Philadelphia Scranton Trenton _. CLEVELAND DISTRICT: Total, 13 centers Ak ron—.. Cincinnati Cleveland Pittsburgh Youngstown Toledo Columbus Dayton RICHMOND DISTRICT: Total, 7 centers Baltimore. Norfolk Richmond Charleston ATLANTA DISTRICT: Total, 15 centers Atlanta Birmingham New Orleans Jacksonville Nashville Augusta February March March CHICAGO DISTRICT: Total, 21 centers.. Chicago. Detroit. Detroit.. Indianapolis., Milwaukee Bes Moines Grand Rapids Sioux City 98.5 92.2 125.3 108.1 111.0 79.5 77.3 117.4 113.3 108.7 139.4 111.0 116.4 94.0 89.3 134.9 113.3 109.6 130.3 115.4 117.8 115.7 92.0 136.5 101.7 102.6 9S.6 94.9 158.3 110.1 107.7 109.6 95.6 166.7 115.2 106.4 109.6 129.4 175.0 79.3 60.0 79.4 90.1 . 81.8 77.8 76.2 100.0 70.7 62.1 65.9 95.6 811 88.7 64.4 89.3 103.1 81.8 55.6 91.2 6S.9 86.7 111.7 81.8 100.0 99.3 121.2 73.1 71.6 70.6 93.6 92.6 97.4 116.4 S6.9 86.0 78.8 133.9 121.3 94.8 104.3 82.6 94.6 102.5 81.9 105.0 104.3 8-1.1 121.7 129.4 251.9 84.5 107.1 75.2 193.6 139.4 276.1 90.6 111.5 95.6 212.7 135.2 238.6 82.9 116.5 87.4 217.4 Total, 6 centers Louisville St. Louis Memphis Little Rock Total, 9 centers Duluth Minneapolis St. Paul. Helena Billings ;..- KANSAS CITY DISTRICT: Total, 14 centers Denver Kansas City, Mo.. , Omaha St. Joseph, Mo Oklahoma City.— Tulsa. DALLAS DISTRICT"" Total, 11 centers Dallas Houston Fort Worth SAN FRANCISCO DISTRICT: Total, 18 centers Los Angeles Portland, Oreg San Francisco Seattle Oakland, Calif-... »Revised. BANKING AND FINANCE February check transactions both in New York City and for the rest of the country as measured by bank debits and clearings declined from January, but were larger than a year ago. BILLS DISCOUNTED AND TOTAL INVESTMENTS RESERVE BANKS OF LOANS, DISCOUNTS, AND TOTAL INVESTMENTS RESERVE MEMBER BANKS OF FEDERAL toow XKJHTt IAf*i *J FEDERAL u •* *+^ 4 * - 3 - \ f I \ > [t-BILUSOI (COUI (TED i i i ii i ! • • ! 'i \: i • it 1 IR4 \ \ V v\ TOTAl. INV ESTM£: N T S • * •/A \ / V • f ' % — i i H I&20 i i i i i i i i i JM \ ( mi | 1022 I 1923 t |S24 Bills discounted and total investments of Federal reserve banks, although below a year ago, were 2 and 7 per cent, larger, respectively, at the end of February than on January 31. Note circulation, total reserves, total deposits, and the.reserve ratio declined in February but, except for note circulation, were larger than a year a^o. Loans and discounts of member banks declined slightly in February, but were larger than a year ago, while investments made a slight increase and net demand deposits decreased from the previous @a©h ®f th®i@ IM g 0 Imt®r®§t rates w@r® ®aii@r im mmwm&T E ^ r a e AOT BOH® F®IC ©war both th® prewioiijis m o n t h atad a year a p e Ail® for the period §in©@ J u l y 1 ? 192SP issm©i aggregating §l^§43,S?§,000 r®pr®s@nt a decrease of 20 p©r ®nt from the §am® period ©I last y@aw nULjULXlrhlx L! r L w_ _UL ©©natry registered am im©r@as® of 1 per ©@mt over th® pr©ni©nj months whil® the balan©® to th® ©redit of depositors ©a Febrnary 29 was more than § par ©ent larger than a y®ar ag©D N®w business of 40 If© haimrmn©® ©ompani®g deelimed S per ©®mt in ®ry? dm® to a 20 p®r ©emit d®©lin® in new sales ©f industrial imsmiranoej bmt was 15 per ©©nt larger than a ji-^¥ ago, gronp inswan©® being th® only ©tes of n®w bnsineee mot sharing in the general in©r®ase ©¥®r a y®ar ag©0 Premirwa ©©Me©ti®iQB in February in©r®ai®d § per ©emt ©¥®r January amd 2S per a y®ar vail® felowing diagram showe by quarters the g®o= grapM© dktsibmtion of n®w bnsiness in ordinary Mfe in©mram©e sim©e 3§mw%ry9 1®21? written b y 81 ©ompani@s? wHeh, ©mi Jammary 1, 1928^ h a d in for©® 88 per ©emt of the t o t d legal reeerr© ordinary If® ininram©© ©ntitanding in th® United Statee o On pag® iS is gin - n the data ©a wM©h this ©hart ii ba§ed0 Th® mrnaber of business f a l m e s iia 3ff©braaity d ©lined froma th© pr®¥i©iii months bmt w®r® IS p®r ©t©m larger than a JBMJ ag©? whil@ defanltad Habffitu n d©©l&oi®d 3@ p@r ©amtfe©mJanuary amd 12 p®r ©®mt ferry a y®@JF ag©o L i a b i i f e i ©f bamlkraptg iim©@ Judy J 1923^ anaoumted to i8®?,17@,000, am imrsreai® of 8 jd© ©@mt ©weir th® sam® period of th® pre^ioiB y®aro D h d©mdk lAodiried for pajmemt in Mar©h f@gieter®d nni j in©r®ai® ©f S p®r ©®mt @T©r a year ago 3 a l ©lass®i of ©orporatioms^ imdmitriah^ raShroadtoj, andgw--H n flway§ chaining M th@ g®m@r®l in©r®aa© ©¥®r Mar' U ~ -w ag©o Mow in©@rp©rati©ns im Fafermary d®©SM® ! 1 air ©@mt from Jammairy s a d § per. ©@mt from a y®ar a^ ^ wHl® sim©® Jnly t$ W23 pg ©f 4 p@ir ©®mt fr©mi th® ©®rreip©ndiioig period of i d K itl i i i ® d in Fc i • Ii .JLJ _ _ ^ J = J ^ ^ LJi —! - g COMPARISONS WHOLESALE PRICES, PIG-IRON PRODUCTION, AND BANK CLEARINGS IN NEW YORK CITY SINCE 1840 4^ T 230 to I 40 1846 I860 (866 I860 1866 ($70 1876 1880 1886 1890 1806 IG00 1905 1910 1916 1920 1926 Below is given a comparative summary of the loaning operations of the 12 Federal Intermediate Credit Banks since October, 1923. LOANS AND REDISCOUNTS OF THE FEDERAL INTERMEDIATE CKEDIT BANKS l AT THE END OF MONTH 1923 October Direct loans Rediscounts November December 1924 January February from six-tenths of 1 per cent for Switzerland to 10 per cent for Brazil, and declines in the exchange on France, Belgium, India, Canada, and Chile, ranging from 1 per cent for India to almost 10 per cent for Belgium. The general index at 58 may be compared with 59 for January and 67 a year ago. EXPOBTS FROM THE UNITED STATES AND THE UNITED KINGDOM 400 rY 1 There are 12 intermediate credit banks located in the same cities as the 12 Federal Land Banks, as follows: Springfield, Baltimore, Colombia, Louisville, New Orleans, St. Louis, St. Paul, Omaha, Wichita, Houston, Berkeley, and Spokane. Prices of industrial stocks in February averaged three-tenths of 1 per cent less than in January and 3 per cent less than a year ago, while prices of railroad stocks increased two-tenths of 1 per cent over January but were 7 per cent less than a year ago. Sales of stock on the New York Stock Exchange declined 26 per cent in February from the preceding month and 9 per cent from a year ago, while February bond sales declined 33 per cent from January and 6 per cent from a year ago. Prices of highest-grade rail bonds and industrial bonds declined 1 per cent in February, while second-grade rails and public utility bonds made a slight increase. The municipal bond yield increased in February to 4.36 per cent at the end of the month, as against 4.11 per cent a year ago. GOLD AND SILVER Domestic gold receipts at the mint increased in January both over the previous month and a'year ago. Imports of gold declined in February, but were more than four times as large as a year ago, while gold exports increased in February, being, however, less than one-half as large as a year ago. Silver production increased 4 per cent in February, while both imports and exports of silver increased over both the previous month and a year ago. Prices of silver at New York and London increased in February. FOREIGN EXCHANGE AND TRADE Foreign exchange rates were in general widely divergent in their movements in February, advances being recorded in the exchange on England, Italy, Switzerland, Japan, Argentina, and Brazil ranging 11 A $21,257,477 $27,863,360 $30,577,492 $32,295,425 $28,849,239 6,786,077 8,637,569 9,104,938 11,139,060 12,560,129 4 rret A W _y \ \ UNI' 100 5TA1 ES 1 ED K INQD L ^J 1 K / V • A h\ IB 3 AV£RAG e I ! i I I H H I / \*' ^ 1920 I 1821 I 1 I ! I iS I 1022 '" 1923; 11624 Imports into the United States totaling $333,500,000 in February represent an increase of 13 per cent over January and 10 per cent over a year ago. Imports from Europe, North America, and Asia and Oceania increased correspondingly over the previous month and a year ago, while merchandise imports from South America and Africa were less in February than in either the preceding month or a year ago. The total inward movement of merchandise during the eight-month period ended February, aggregating $2,333,619,000, was three-tenths of 1 per cent larger than in the corresponding period ended February, 1923. Exports of merchandise, including reexports, declined 7 per cent in February, but were 19 per cent above a year ago. Exports to Europe, North America, Africa, and Asia and Oceania declined from January, but, except for North America, were larger than a year ago, while exports to South America were larger in February than in either the previous month or a year ago. The total outward movement of merchandise during the eight^month period ended February, aggregating $2,983,239,000, was 12 per cent greater than the exports during the same period ended February, 1923. 27 COMMODITY STOCKS—A STUDY IN SEASONAL MOVEMENTS In order to comprehend more clearly the trend of basic movements in commerce and industry, it is very often necessary to adjust statistical data to account for factors, among other things, which are distinctly seasonal in their nature. This is especially true of commodity stocks. That the business man may have a knowledge of the course of commodity stocks, and this after due compensation for seasonal conditions, the Department of Commerce here publishes the results of a study designed to show, by four major groups, the trend of stocks after such adjustments have been made. This study was based upon the statistics published in the February "Survey" (No. 30), pages 30 and 31. The adjustment for the seasonal tendencies, peculiar to each commodity, was first made according to the method outlined on page 24 of that number. This done, the combination of the several commodities into respective group totals was effected. Monthly stocks of brick, flooring, and zinc were estimated for the year 1919 for the purposes of this study, while no ad- justment for seasonal conditions as respects zinc was necessary, stocks of this commodity moving free from seasonal conditions. In the table below are given the indexes of seasonal tendencies for each commodity for which adjustment was made. The relative differences in the inventories of important commodities at different times of the year as computed from observations covering the five-year period 1919-1923 can be clearly seen from this table. On the following page are given the group total indexes since January, 1919, derived from these data, after the effect of seasonal conditions has been eliminated. For purposes of comparison the unadjusted group indexes are also shown. It is hoped that this study will constitute a useful supplement to the index numbers of commodity stocks published in the February number and which have currently been carried forward, particularly since it is of as much importance to know the course of commodity stocks as to have knowledge of the way production, sales, shipments, and prices are trending to establish a better basis for business judgment. COMMODITY STOCKS—INDEXES OF SEASONAL TENDENCIES KAW FOODSTUFFS RAW MATERIAL FOR MANUFACTURE MONTH Sugar Wheat Corn Oats Eggs Poultry Fish Apples Coffee Cotton Cottonseed Flaxseed Rosin Turpentine Petroleum Tin January. February.. March April 51.8 80.2 132.5 158.5 140.0 129.7 111.7 92.9 115.9 160.9 184.9 147.2 131.3 115.6 105.1 93.4 4.1 0.5 17.1 84.7 182.8 165.7 134.2 100.fi 127.1 99.3 69.5 51.0 178.5 123.8 72.5 34.4 94.7 102.4 111.6 108.5 128.0 125.0 110.9 97.8 169.6 116.8 67.0 35.8 81.9 78.8 79.0 78.1 112.3 102.2 89.9 85.5 158.2 131.3 89.6 71.6 87.5 88.9 91.9 04.8 90.4 88.4 109.6 92.7 May... . June July August 153.1 147.7 127.3 117.5 57.6 39! 7 58.0 93.6 106.2 75.3 44.3 80.4 74.2 70.1 89.1 154.1 ' 190.1 194.9 184.6 76,7 65.4 55.1 48.1 50 3 65.9 84.5 103.3 10 9 ' 0.3 0.2 0.6 98 4 95.2 98.2 96.8 84.7 71.0 58.7 55.8 19.5 13.3 11.1 22.5 82.8 93.1 89.0 85.1 85.0 89.9 96.9 100.0 61.2 61.2 79.1 83.6 97.6 100.9 103.8 104.3 . 105.1 86.9 81.5 93.5 90.3 55.7 47.5 38.0 93.4 138.2 150.1 147.1 55.3 67.0 61 0 88.3 96.2 116.6 116 1 111.5 158.9 116.3 67.3 27.5 48.8 58.7 100 3 163.8 122.7 142.0 145 4 139.4 37 3 194.1 280 9 266.4 99 6 97.1 98 7 98.6 76.8 126.5 135 6 129.3 97.6 205.4 233.6 207.9 127.8 156.2 137.7 110.6 103.5 104.0 112.3 120.7 104.5 110.4 119.4 132.8 105.7 106.8 108.0 109.8 85.2 155.2 104.5 107.2 September October. November December.. MANUFACTURED COMMODITIES MANUFACTURED FOODSTUFFS MONTH Meats Wheat flour Butter Cheese January February... . March April 106.5 115.7 118.5 117.8 106.8 107.3 101.0 96.6 60.4 38.0 19.1 11.5 73.7 M.2 May June July... August... 116.3 119.1 112.6 98 7 86.1 77.2 82 5 97.1 31.4 120.6 184.7 199.6 79.5 65.4 67.2. 82.6 105.3 117.6 116.8 106.4 186.5 155.1 114.5 78.5 September October.... November December. "" * Rice Refined CottonCement seed oils oil Brick Flooring Lumber Enamel ware Pig iron Newsprint 34.3 149.0 141.0 123.3 108.6 92.9 97.5 100.5 104.5 162.6 157.8 139.7 105.0 116.5 131.8 133.1 132.4 97.6 99.9 101.2 99.9 95.1 96.9 97.1 93.7 96.9 95.2 94.0 92.3 106.5 115.2 127.4 126.8 86.8 91.8 97.6 103.3 94,7 117.9 122.8 112.3 42.9 96.0 143.7 167.7 85.4 63.1 43.2 39.2 105.1 104.8 102.8 98.5 69.5 40.4 18.5 12.9 126.9 112.9 95.9 76.2 99.4 100.3 100.7 100.7 92.0 96.3 101.4 103.7 91.9 98.1 100.8 104.6 117.0 106.5 05.8 89.0 104.1 106.1 108.4 100.6 1010 98.1 97.0 100.9 163.7 146.9 127.7 110.5 49.5 86.5 144.1 166.9 96.6 95.4 98.5 102.9 51.0 121.3 161.0 160.0 60.3 48.5 67.2 98.3 98.7 99.2 100.4 101.9 103.9 103.4 105.2 111.3 103.9 103.8 106.7 106.9 78.8 72.4 77.4 87.1 96.6 95.7 99.3 109.8 05.7 84.8 84.0 87.7 • 38.9 28 COURSE OF COMMODITY STOCKS, BY MAJOR GROUPS Monthly average YEAR Jan. Feb. Man Apr. June May Aug. July Sept. Oct. NOT* Dee. SEASONAL VARIATIONS ELIMINATED TOTAL I N D E X 1020 1021 1022 1023 . 100 98 138 126 118 - 103 99 124 131 121 103 96 134 131 116 100 91 141 131 117 104 93 136 127 117 102 93 139 133 111 97 93 145 130 115 97 95 145 128 114 96 95 148 125 IO1 96 138 126 118 100 107 137 116 IIS RAW FOODSTUFFS 1919 1020 1021 1022 1923 .. , , „ 100 97 174 192 142 125 101 121 191 165 120 91 147 195 157 99 73 164 206 161 101 82 147 203 169 89 85 154 233 143 86 86 171 220 146 91 98 171 214 134 10O 106 132 119 122 97 109 131 117 125 ' 101 94 '198 174 133 108 103 184 190 119 94 135 212 150 113 99 114 205 163 122 87 104 209 163 141 85 102 151 121 lift 95 109 124 120 130 98 123 118 116 123- 93 139 110 RAW MATERIALS FOR M A N U F A C T U R E 1910 1920 1021 1922 1923 _ . - . 1 ---- 100 104 158 108 108 106 96 154 110 111 105 97 166 107 102 107 94 171 105 101 111 89 176 105 96 no 95 178 100 93 100 1 98 184 100 95 100 99 189 96 94 85 103 176 102 111 m 119 MANUFACTURED FOODSTUFFS 1920 1921 19221923 „ ~-. 100 95 79 72 80 93 113 78 66 70 93 114 80 68 71 90 115 82 63 76 94 113 80 58 76 100 99 81 66 79 88 95 81 75 83 83 87 83 P0 8/ 93 85 78 80 85 107 82 76 77 83 114 78 78 75 80 114 79 74 76 82 121 78 71 75 81 100 95 133 111 140 98 104 124 112 141 92 110 120 112 147 89 116 120 111 146 94 89 121 107 109 136 120 127 no 114 132 121 132 105 118 137 125 136 95 83 139 142 108 103 117 178 140 120 105 105 171 141 133 89 102 202 161 147 74 96 137 110 114 124 143 163 154 168 135 167 160 155 161 128 175 141 143 149 113 86 80 81 88 113 77 81 76 SO 111 76 74 75 77 116 73 67 72 76 93 92 126 105 135 9$ 105 123 113 141 98 117 123 116 153 99 127 129 120 255 MANUFACTURED COMMODITIES 1919 1020 1021 1022 1023 , 100 97 136 118 129 * 88 90 141 138 124 95 88 142 135 121 103 86 144 130 117 no 91 143 123 113 110 95 144 115 117 109 96 145 no 121 107 97 141 108 128 100 97 140 103 136 U N A D J U S T E D F O B THE SEASONAL ELEMENT TOTAL INDEX 100 96 132 126 119 1920 102! 1022 1923 129 100 129 137 126 no 99 139 149 130 103 95 147 151 132 101 91 137 137 123 92 84 126 124 104 90 85 136 126 103 87 86 123 116 102 87 84 118 101 105 in 114 RAW F O O D S T U F F S 1919 1020 -2921 .. ... 1022 1923 ... - . 100 89 161 192 144 140 91 131 205 175 129 SS 159 255 201 109 88 193 282 215 104 86 173 246 196 85 70 144 211 130 83 77 176 216 110 75 85 137 177 93 81 77 128 127 96 RAW MATERIALS FOR MANUFACTURE 1919 1020 2021 1022 1923 .,.* 100 106 147 no _ 111 131 114 168 125 123 121 109 173 115 107 106 94 162 105 93 97 81 151 97 89 86 79 141 8 73 74 133 82 82 67 68 121 75 78 58 74 116 77 83 MANUFACTURED FOODSTUFFS 1919 1020.. 1921 1922 1923.. 100 94 78 l 72 81 99 113 78 65 73 94 115 78 65 75 no 75 100 98 135 118 130 90 93 140 135 121 99 93 145 134 122 108 90 148 131 118 87 58 77 84 103 71 56 77 86 92 71 59 73 91 94 81 74 86 100 95 88 87 94 107 95 89 90 94 MANUFACTURED COMMODITIES 1919 1020 - . • 1921 1922 1923 . 112 92 144 124 114 107 92 141 114 116 103 91 140 110 122 99 89 136 107 129 95 89 130. 102 132 29 MARCH DATA The following tmbte give* Much March data a* have been received to and including April 10,1924 11)24 i Febru1 ary March 1923 — Murch I 1W28 March I FOODSTUFFS—continued Bilk: Consumption Stocks _ _ bales. 29,604 40,226 26,543 30,375 33r 515 39,436 3,075 3,781 3,436 4,146 3,521 4,047 4,913 4,783 7,403 IRON X3fl> STEEL Pig iron, production tfaous. of long tons.. Steel ingots, production thous. of long tons,. Unfilled orders, TJ. S* Steel Corp., end of month thous. of long tons.. Wholesale price, composite finished steel dolls, per 100 lbs.. Wholesale price: Composite pig iron dolls, per ton.. Iron and steel dolls, per ton.. Composite steel dolls, per 100 lbs.. Locomotives: ShipmentsTotal _ number. Domestic number..! Foreign _ _•_ number.. Unfilled ordersTotal number.. Domestic number.. Foreign number.. Freight cars, orders, domestic number.. 2.78 2.73 2.72 24.13 43.45 3.03 23.83 43.24 3.00 30.36 99 92 7 132 128 4 282 269 13 499 466 33 41,346 534 494 40 13,145 2,316 2,214 102 42,500 22,834 19,168 26,322 27,480 35,366 22,506 11,301 7,688 15,184 9,125 14,828 7,939 45.04 2.83 NONFERROUS METALS Zinc: Receipts at St. Louis Shipments from St. Louis Lead: Receipts at St. Louis Shipments from St. Louis thous. oflbs..f thous. of lbs..! j thous. of lbs.. thous. of lbs.. BUILDING AND CONSTRUCTION Contracts awarded, floor space (27 States): 7,961 Business buildings thous. of sq. ft._i 3,787 Industrial buildings _ thous. of sq. ft_. 28,037 Residential buildings thous. of sq. ft._ 4,838 Educational buildings thous. of sq. ft.. Other public and semipublic 3,152 buildings thous. of sq. ft._ 48,036 Grand total thous of sq. ft.. Contracts awarded, value (27 States): 40,550 Business buildings thous. of dolls.. 17,057 Industrial buildings thous. of dolls.. Residential buildings thous. of dolls.. 129,795 26,735 Educational buildings thous. of dolls.. Other public and semipublic 19,825 buildings tbous. of dolls.. Grand total .thous. of dolls.. 259,264 Construction relative to 1913, Engineering Newt Record: 128 Volume * index number.. 225 Cost (1st of following month) index number.. Northern pine: Lumber36,347 Production M ft. b. m— Shipments M ft. b. m . . 46,406 Lath8,899 Production „ M ft. b. m._ 12,105 Shipments M ft. b. m . . Composite lumber prices (1st of following month)— 45.30 Hardwoods dolls, per M ft. b. ni_. 32.36 Softwoods dolls, per M ft. b. m . . 10,000 4,225 44,389 4,615 9,880 7,673 39,286 4,092 4,893 68,425 3,981 64,920 58,600 19,437 206,089 29,567 44,076 37,034 164,267 22,550 34,859 386,483 22,797 323,518 134 220 195 214 36,638 49,905 38,714 52,720 8,905 12,968 10,607 17,241 44.40 32.52 50.19 39.96 8,588 5,933 16,815 10,370 8,995 18,190 9,880 10,326 13,045 4,562 3,421 8,009 5,798 5,684 3,737 thous. of bush.. 7,152 7,835 5,946 thous. of bush. thous. of bush. thous. of bush- 19,803 43,442 18,778 17,617 29,876 16,356 21,746 26,222 18,568 thous. of bush. thous. of bush- 10,616 21,213 11,661 16,832 13,621 16,090 CEMENT Production thous. of bbls.. Shipments II.I I.I.thous. of bbls.. Stocks thous. of bbls_. Concrete paving, contracts awarded: Total thous. of sq. yds.. Roads thous. of sq. yds.. FOODSTUFFS Corn grindings Grain movement: Receipts— Wheat Corn _ Oats Shipments— Wheat Corn__.t Visible s u p p l y Wheat Corn... t A, & • , O a t s Argentine grain: Visible s u p p l y Wheat Corn Flaxseed... February March thous. of bush. thous. of bush. - of bush- thous fc thous. of bush. thous. of bush. thous. of bush- 194,500 20,634 17,741 184,363 27,314 16,215 128,085 31,266 24,044 9,250 600 5,200 10,730 1,400 6,400 7,400 1,200 4,000 Rice: Receipts at mills Shipments from mills Stocks, domestic Sugar, raw: Meltings Stocks at refineries Sugar, Cuban movement: Receipts, Cuban ports Exports Stocks, end of month thous. of bbls.. thous. of lbs.. thous. of lbs.. 92,055 168; 037 81,870 118,197 36 65,448 174,302 long tons.. long tons.. 426,927 13169 455,051 237,119 510,653 284,800 long tons.. ..Jong tons.. long tons.. 736,588 527,741 437, y:>8 821,721 59418fl 060,388 861,736 647,008 653, CW2 index number.. index number.index number.. 153 131 155 139 180 133 128 253 29.9 25.1 29.fi 24.8 23.1 21.0 008,404 49,129 32,931 189,991 79,693 9,466 534,305 910,640 41,252 30,650 164,944 81,182 11,072 573, 703 916,402 41,006 31,145 185,414 74,950 13,330 555, 201 thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. thou*. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. 30,468 17,878 12,590 23,400 13,431 6,019 2,344 1,612 31,450 17,381 14,009 27,344 15,903 6,875 2,731r Ib3 32,730 19,775 12,W75 27,158 J.\7N> C, V5U 2,G5fl 1,772 thous. of dolls.. ....-thous. of dolls. 333,600 366,135 319,000 341,000 397,928 341,377 158 140 154 137 160 1E1 1.700 1.035 3.G90 1.050 1.035 3. GUO 1.750 1.035 3.510 .319 .522 .071 .125 .4S3 .(Mi .121 .307 .502 .082 .128 6.S60 G.223 8.624 24.76 22.00 40.00 2.50 • .128 .071 .529 .090 24.70 21.94 40.00 2.50 ,137 .069 .551 . 093 32.27 30.13 44.38 2.20 .109 ,0h2 .4b9 .085 ftbo 370 CHEMICALS AND DRUGS Wholesale prices: Drugs and Pharmaceuticals Essential oils Crude drugs TRANSPORTATION Index of ocean rates, Atlantic ports to: United Kingdom weighted Index number.. All Europe weighted index number.. Freight-car movement: Car loadings (weekly average)— Total cars., Grain and grain products cars. Livestock cars. Coal carsForest products cars., Ore cars. Merchandise and miscellaneous cars. DISTRIBUTION Mail-order houses, total sales Sears, Roebuck & Co Montgomery Ward & Co Ten-cent stores, total sales F. W. Woolworth Co S. S. Kresge Co S. H. Kress Co McCrory Stores Corp U. S. foreign trade; Imports.... Exports PRICE INDEX NUMBERS Dun's (1st of following mo.) price index no.. Brasdtreet's (1st of following mo.)—price index no., WHOLESALE PRICES Textiles °°Worsted yarn Wool dress goods Men's suitings Cotton: -dolls, per lb.. dolls, per yd.. dolls, per yd.. ., „ 0 s per Raw,N.Y 2 B' n!" Yarn dolls, per lb.. Print cloth -dogs, per y<L. Sheeting dolls, per yd.. Silk* ^ Raw, Japanese, N. Y dolls, per lb.. MdaU Pig iron: Foundry No. 2, northern dolls, per long ton.. Basic Valley, furnace dolls, per long ton.. Steel billets, Bessemer dolls, per long ton.. Structural steel beams dolls, per 100 lbs., Copper, electrolytic dolls, per lb.. Zinc, slab, prime Western dolls, per lb_. Tin Dig dolls, per lb., Lead, deVifvefftedll dolls, per lb.. Fuel Bituminous, Kanawha, f. o. b. Cincinnati dolls, per short ton., Anthracite, chestnut dolls, per Jong ton.. Coke, Connellsville dolls, per short ton.. Petroleum, Kansas-Oklahoma dolls, per bbl.. 3.C4 11.47 : 4.19 | 1.513 , 3.39 11.48 4.18 1.67 4.59 10.03 7.31 1.850 Rubber Para, N. Y dolls, per lb. .191 .171 .290 Lumber Southern pine flooring, " B " and better dolls, per M ft. b. m. Douglas fir, No. 1 common dolls, per M ft. o. xn_ 44.54 19.50 43.99 18.50 52.95 21.50 20.00 20.00 20.00 Brick Common red, N . Y dolls, per t b o u s . 30 MARCH DATA—Continued 1924 1924 February March March 1923 WHOLESALE PEicES—continued PUBLIC FINANCE Portland cement U. S. interest-bearing debt mills, of dolls.. Gross debt mills, of dolls.. Customs receipts thous. of dolls.. Ordinary receipts -thous. of dolls.. Total expenditures chargeable against ordinary receipts thous. of dolls- Chicago district Lehigh Volley mills dolls, per bbl.. dolls, per bbL. 1.75 1.75 1.75 1.75 1.75 1.90 Leather Green salted packer's heavy native steers dolls, per l b Calfskin, country No. 1 dolls, perlb.. Sole, oak, scoured backs, Boston dolls, per lb_. Chrome calf, " B " grade, Boston...dolls, per sq. f t Boots and shoes: Men's black calf blucher dolls, per pairMen's dress welt, tan calf, St. L...dolls, per pairWomen's black kid Goodyear, St. Louis dolls, per pairSulphuric acid, 66° N . Y r dolls. per 100 lbs.. .158 .182 .440 .440 .139 .188 .460 .460 .193 .165 .540 6.25 4.85 6.25 4.85 6.50 4.85 3.85 .73 3.85 .70 4.25 .70 Foodstuffs Cottonseed oil, New York dolls, per lb_. Wheat: No. 1 northern, Chicago dolls, per bu_. No. 2 red winter, Chicago dolls, per bu_. Flour, standard patents, Minneapolis dolls, per bbl.. Flour, winter straights, Kansas City dolls, per bbL. Other grains: Corn, contract grades No. 2, Chicago dolls, per bu.. Oats, contract grades, Chicago dolls, per bu_. Barley, fair to good malting, Chicago dolls, per bu.. Rye, No. 2, Chicago dolls, per b u Cattle and beef: Cattle, corn fed dolls, per 100 lbs.. Beef, fresh native steers dolls, per 100 lbs.. Beef, steer rounds No. 2 dolls, per 100 lbs.. Hogs and pork: Pork, smoked hams, Chicago.-dolls, per 100 lbs.. Hogs, heavy, Chicago dolls, per 100 lbs.. Sheep and mutton: Sheep, ewes, Chicago dolls, per 100 lbs.. Sheep, lambs, Chicago dolls, per 100 lbs.. Sugar: Wholesale, 96° centrifugal, N . Y_...dolls, per Ib., Refined, N. Y dolls, p e r l b . Tobacco Burley, good leaf, dark red, Louisville dolls, per 100 lbs. 1 .101 .118 1.174 1.127 1.165 1.088 1.216 1.321 6.306 6.300 6.625 5.350 5.330 5.600 .797 .493 .796 .481 .740 .462 .740 .720 .753 .685 .663 .827 9.706 17.00 14.50 10.065 17.00 15.00 9.263 14.50 14.50 18.40 7.075 18.90 7.345 20.60 8.163 8.425 11550 9.975 15.775 7.150 14.250 .085 .073 .086 .072 28.00 No quotation. 28.00 27.50 March 1923 February March 21, 520 21, 782 50, 207 206, 607 21,356 21,624 51,459 646,389 22,390 22,723 62,172 641,082 208,432 291,026 341,935 18,120 14,713 19,650 16,118 19,768 16,361 419 532 2,022 3,230 1,986 80.6 460 482 1,983 3,223 2,007 80.8 504 700 2,232 3,176 1,976 75.5 11,874 4,496 11,165 12,065 4,515 11,171 11,783 4,714 11,082 BANKING AND FINANCE Bank clearings: New York City mills, of dolls.. Outside New York City mills, of dolls.. Federal reserve banks: Total investments mills. Of dolls.. Bills discounted mills, of dolls.. Notes in circulation mills, of dolls,. ' Total reserves _ mills, of dolls,. Total deposits mills, of dolls.. Reserve ratio per cent.. Member banks: Total loans and discounts mills, of dolls.. Total investments mills, of dolls.. Net demand deposits mills, of dolls,. Interest rates: New York call loans per cent.. Business failures: Firms numberLiabilities thous. of dolls.. Stock sales thous. of shares.. Stock prices: 25 industrials dolls, per share.. 25 railroads dolls, per share.. SUver: Price at New York dolls, per fine oz_. Price at London pence per standard oz_. 4.50 4.00 5.23 1,730 35,942 20,637 1,817 97,651 18,206 1,682 48,393 25,855 111.83 60.47 109.82 61.09 116.03 65.06 .644 33.565 .642 33.483 .676 32.310 4.31 .044 .044 .038 .374 .262 .174 4.29 .047 .043 .039 .371 .263 .173 4.70 .063 .049 .055 .395 .266 .186 .454 .303 .429 .299 .485 .316 .969 .765 .120 .101 58 .970 .766 .115 .098 53 .981 .841 .111 .127 67 FOREIGN EXCHANGE Europe: England dolls, per £ sterling.. France dolls, per f r a n c Italy dolls, per lira.. Belgium dolls, per franc. Netherlands dolls, per guilderSweden dolls, per krona., Switzerland dolls, per f r a n c Asia: Japan dolls, per yen_. India dolls, per rupee.. America: Canada dolls, per Can. doll.. Argentina dolls, per gold peso. Brazil dolls, per milreis., Chile dolls, per paper peso.. General index of foreign exchange index number. 3 Preliminary. 31 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade etc., in various groups of industry and commerce. They consist in general of weighted combinations of series of individual index numbers, and often the individual index numbers making up the series are also given. The base year of all the index numbers is 1919, except prices which are on a 1913 base, and unfilled orders, on a 1920 base. The function of index numbers is explained on the inside front cover. A condensed form of this table is given on page 7. j 1923 EXPLANATION Maximum Minimum All index numbers are relative to 1919 as 100, exceptsince Jan. since Jan. prices which are relative to 1918, and unfilled 1,1920 1,1920 January Febtuaiy orders, which are relative to 1920. 1923 November ID December January Per cent increase ( + ) or decrease (—)f Feb. from Jan. February PRODUCTION 1 RAW MATERIALS, total MINERALS: 157 \ 73 116 88.. 141 129 108 Petroleum Bituminous coal Anthracite coal Iron ore* Copper- _ ^ Lead Zinc Gold Silver.-^ Total 209 137 121 ' 241 124 156 133 131 145 154 105 41 0 0 17 74 38 57 80 83 165 129 119 153 109 . 106 105 , 137 123 71 110 124 96 126 113 73 100 110 206 111 106 123 119 132 117 110 104 136 187 119 109 0 121 129 123 92 101 125 179 131 108 0 124 140 133 ,76 111 128 175 118 104 0 120 153 117 61 .115 121 66 92 167 75 60 192 59 126 119 31 71 143 62 84 139 71 119 105 - • -_ -_ ANIMAL PRODUCTS (marketings): Wool Cattle and calves _ SheepI ., Eggs* Poultry*. Fish— __- i Milk (New York) Total -- . • 100 , -7.4 -2.2 -9.9 -3.7 0.0 -3.2 +9.3 , -12.0 -19.7 + 3.6 -5.5 -53.0 . -22.8 -14.4 -17.3 +40.0 -27.6 +20.3 -5.6 L. - 1 1 . 8 227 143 167 153 245 382 135 190 130 19 58 64 54 30 21 45 94 80 38 91' 142 72 72 221 45 116 113 34 70 120 60 86 119 67 107 95 46 106 145 80 48 292 90 122 123 87 88 156 67 49 382 70 125 129 389 218 211 . 85 353 367 206 61 43 49 22 32 4 54 251 119 118 49 180 156 152 209 69 83 33 119 64 104 155 118 95 58 89 31 120 245 90 105 75 51 16 125 349 314 497 282 316 501 291 45 4 2 35 22 4 58 110 180 11 110 136 352 112 92 145 75 80 105 '340 99 129 165 46 151 188 * 438 134 76 152 8 97 109 470 85 655 532 217 1, 049 799 785 566 1,925 405 4 0 34r\ 0 0 0 0 48 120 0 198n u 13 0 0 11 94 92 0 198 n 4 0 0 62 86 371 16 207 300 50 0 2 0 226 114 0 198 30 14 0 0 0 94 225 276 232 25 2 23 83 61 80 39 26 37 203 191 201 162 107 154 85 58 81 40 42 40 -52.9 -27.6 -50.6 148 258 566 810 170 195 46 0 28 0 22 49 69 70 80 416 95 115 57 43 40 19 46 73 75 120 • 368 464 138 158 63 115 188 810 150 133 83 94 74 273 102 93 86 59 45 22 65 87 +3.6 -37.2 -39.2 -91.9 -36.3 -6.5 CROPS (marketings): Grains— Corn* Wheat* Oats* Barley* - Rice* Total*— Vegetables— Potatoes (white)* Sweet Dotatoes* Tomatoes* Onions*- - Cabbage*-- - Celery* .„ . Total* Fruits— Apples* Peaches* Citrus fruit* Grapes* Pears* « Watermelons*- . Cantaloupes* Strawberries* —Total* - Cotton products— Cotton* Cottonseed* Total* -- .-- . - -- Miscellaneous crops— Hay* i- Tobacco*_. Flaxseed* . Cane sugar* Total* - - - - Grand total, crops- u • Fluctuations between maximum and minimum largely due to seasonal variations +42.2 . .290 204 50. .63 +26. 0 84 98 + 16. 7 38 44 + 15. 8 45 49 +8. 9 177 . 95, 1 —46. 3 94 . 121 +28. 7 +3.9 132 127 105 —41. 0 62 47 +117. 0 102 139 -13.7 120 A T 191 —1 14. 7 163 2 3 .4 501 384 , 129 132 +2. 3 +0.9 118 117 0.0 0 0 : +20.6 217 180 0 1 10r\ 15 -33.3 U. U 0 0 f\ 0 0 0. f\0 27 +22.2 33 89 +10. 1 98 32 INDEXES OF BUSINESS—Continued. EXPLANATION Aliniznum AH index numbers attrelative to 1919 at 100, except Maximum since Jan. since Jan. prices which are relative to 1913, and unfilled 1,1920 1,1920 orders, which are relative to 1920. 1923 1923 January February 1934 November December January February Per cent increase (40 or decrease (—), Feb. from Jan. PRODUCTION—Continued FOBEBT PRODUCTS: Lumber Pulpwood Gum (rosin and turpentine) Distilled wood™ Total +8.3 133 135 267 151 135 59 51 20 24 61 108 98 98 151 107 98 91 64 123 96 119 90 185 116 119 100 102 201 98 103 108 121 94 114 108 1 117 105 87 106 2 115 -13.2 -7.4 -7.0 +6.5 132 126 178 260 207 169 122 135 122 233 116 75 64 40 41 64 41 20 38 29 35 77 128 91 77 49 104 54 63 102 66 166 103 107 85 105 46 97 55 62 99 61 92 92 128 104 89 00 100 *60 103 73 202 *109 132 97 61 155 1 102 186 162 105 62 134 "106 137 99 70 156 1 105 190 1 68 125 72 181 1 111 118 93 131 *55 1 108 195 *65 132 171 152 * 105 -13.9 -6.1 +87.1 -1.8 +2.9 +5.6 -4.4 +5.6 -1.4 -16.0 -5.4 127 138 130 152 149 150 147 60 42 54 124 138 129 115 126 119 108 109 108 94 99 95 117 117 117 103 110 106 -12.0 -6.0 -9.4 34 33 9 32 127 136 103 133 118 123 93 121 114 111 134 113 115 101 148 106 119 128 68 124 121 135 44 128 +1.7 +5.5 -35.3 +3.2 135 232 150 59 51 57 108 207 125 98 178 112 119 211 136 100 187 115 108 200 124 117 193 131 +8.3 -3.5 +5.6 95 130 115 63 82 63 88 111 102 77 110 97 73 96 87 -11.0 0.0 -3.4 69 111 100 69 82 77 103 65 96 84 121 73 98 88 105 102 -8.9 110 168 108 204 82 150 MANUFACTURING: Foodstuffs— Meats _ Wheat flour __Sugar ____ Ice cream Butter Cheese Condensed m i l k . . . Glucose and starch. Oleomargarine Rice _ TotalTextiles— Cotton (consumption) Wool (consumption) Total Iron and steel— Pig iron Steel ingots Locomotives Total Lumber— Lumber Flooring Total Leather— Sole leather Boots and shoes Total.. Paper and printing— Total Chemicals, etc,— Coke Petroleum products Cottonseed oil* Turpentine and rosin* Wood distillation Total Stone, clay, and glass— Brick Cement* Total Metals, excepting iron and steel— Copper smelting and refining ^ Zinc smelting and refining. Enamel ware Lead Total Tobacco— Manufactured tobacco and snuff ! Cigars... Cigarettes , Total Miscellaneous— j ! Shipbuilding Automobiles —j Rubber tires i Prepared roofing j Total I Grand total, 65 commodities , ELECTRICAL P O W E R - - - - BUILDING CONSTRUCTION (total)•._ 1 140 163 188 269 118 157 40 96 4 21 21 92 124 155 122 102 118 142 117 140 84 67 96 124 110 162 152 107 100 147 124 200 126 53 61 69 111 115 100 94 121 96 78 188 M09 126 130 275 156 176 23 38 86 79 71 84 121 212 137 148 76 111 190 126 134 119 128 147 125 50 75 64 70 105 95 121 107 79 239 221 163 145 133 2 29 20 58 37 68 153 139 98 30 114 159 84 88 88 135 -0.9 -5.4 -17.6 -8.3 67 149 94 115 168 102 96 93 144 79 131 101 - 87 128 104 +10. 1 -2.3 +3.0 98 116 228 132 157 99 122 223 129 156 100 130 239 140 166 102 115 247 153 167 +2.0 -11.5 +3.3 +9.3 +0.6 92 86 104 94 95 91 147 113 74 83 100 88 108 86 141 111 100 85 110 97 -7.4 -1.2 -22.0 -12.6 4 148 159 92 96 115 6 168 159 94 104 108 2 190 107 124 99 112 11 184 115 98 101 1 104 3 192 115 115 101 114 1 223 155 140 123 117 147 83 133 89 149 111 153 102 160 107 150 103 -66.7 + 16.1 +34.8 +21.7 +101. 8 +2.6 -6.2 -3.7 S .1 - , , , , , • Fluctuations between maximum and minimum largely due to seasonal variations. Estimated. ' P a r t l y estimated. * January, 1920; no other figures for 1620 araLiable 112 +5.4 -6.3 33 INDEX OF BUSINESS—Continued EXPLANATION Maximum All index numbers, are relative to 1919 as 100, except since Jan. prices which are relative to 1913, and unfilled J, 1920 orders, which are relative to 1920. Minimum since Jan. 1, 1920 1923 January 1924 1923 February November December January February Per cent increase (•}-) or decrease ( ~ ) , Feb. from Jan. STOCKS 152 ,1 282 ' 175 115 159 84 70 68 56 89 126 175 123 73 122 130 201 107 75 122 132 133 161 77 153 136 147 149 76 159 132 149 134 76 156 140 186 119 77 156 +6.1 +24.8 -11.2 + 1.3 0.0 116 40 85 93 53 53 63 63 0.0 117 78 123 99 129 73 58 39 64 62 88 43 62 57 101 75 113 58 77 83 57 95 74 107 55 74 101 59 90 93 111 62 84 90 48 66 75 102 62 71 90 48 98 79 116 66 78 90 47 100 75 110 62 76 0.0 -2. 1 +2.0 -5. 1 ~5. 2 -6.1 -2.6 134 49 89 84 122 118 99 96 -3.0 331 214 190 185 192 171 84 55 117 109 106 72 115 95 165 129 116 86 117 88 159 126 110 72 176 149 187 141 134 131 331 214 187 185 192 171 126 84 191 141 119 99 140 97 186 143 124 93 + 11.1 + 15.5 -2.6 + 1.4 +4.2 ~6. 1 202 154 80 101 101 107 90 118 142 149 203 123 109 116 101 125 +7.8 309 181 97 91 126 106 130 107 137 97 137 94 140 97 141 98 +0.7 +1.0 Farm products Food, etc _* Cloths and clothing Fuel and lighting Metals and metal products! Building material Chemicals House-furnishing goods Miscellaneous All commodities 243 248 346 281 203 300 213 275 208 248 114 131 171 178 109 155 121 173 114 138 143 141 196 218 133 188 131 184 124 156 142 141 199 212 139 192 132 184 126 157 146 148 201 167 141 181 130 176 118 152 145 147 203 162 142 178 130 176 116 151 144 143 200 169 142 181 132 176 117 151 143 143 196 180 143 182 131 176 113 152 »0.7 0.0 -2.0 +6.5 +0.7 +0.6 -0.8 0.0 -3.4 +0.7 ment of Labor prices)— Total raw products Agricultural products. Animal products Forest products. Mineral products Producers' goods , Consumers' goods All commodities 249 311 218 375 272 244 249 247 135 122 103 152 168 118 146 138 168 164 125 215 213 136 155 156 167 170 123 220 207 141 155 157 154 179 115 196 165 138 159 152 153 181 115 191 165 136 158 151 155 182 115 194 170 136 156 151 156 177 116 195 177 139 f55 152 +0.6 -2.7 +0.9 +0.5 +4.1 +2.2 -0.6 +0.7 246 272 267 218 102 125 142 134 139 180 166 154 145 187 166 158 147 196 163 158 148 199 163 157 143 196 163 158 148 189 163 158 +3.5 227 115 149 151 146 144 143 140 -2.1 Total Raw foodstuffs Haw materials for manufacture- _j Manufactured foodstuffs Manufactured commodities UNFILLED ORDERS Total (based on 1920-100) WHOLESALE TRADE (Value) Hardware Shoes Dry goods Groceries Drugs Meat packing TotaL RETAIL TRADE (Value) MAIL-ORDER HOUSES (4 houses) — CHAIN STORES: Ten-cent (5 chains)_: Music (4 chains) Grocery (32 chains) Drug (10 chains) Cigar (3 chains)-Shoe (6 chains) DEPARTMENT STORES: Sales (333 stores) Stocks (286 stores) -7.3 PRICE INDEX NUMBERS (AH price Index numbers relative to 1913J FARM PRICES: Crops (15th of month) Livestock (15th of month) WHOLESALE PRICES: Department of Labor— Federal Reserve Board (Depart- Federal Reserve Board Index— Goods imported Goods exported All commodities ~— Dun's (1st of following mo.).,. Bradstreet's (1st of following month) _ 93345—24 -3.6 0.0 0.0 34 INDEX OF BUSINESS—Continued EXPLANATION Maximum Minimum All index numbers are relative to 1919 as 100, exceptsince Jan, since Jan. prices which are relative to 1918, and unfilled 1, 1920 1, 1920 orders, which are relative to 19S0. 1933 1923 January February 1934 November December January Per cent February increase (+) or decrease (—), Feb. from Jan. PRICE INDEX NUMBERS— Continued RETAIL PRICES, FOOD 219 139 144 142 151 150 149 147 -1.3 219 175 288 200 192 205 139 143 153 149 171 155 144 167 160 187 171 158 142 167 162 187 171 158 151 180 174 176 174 165 150 180 175 176 174 165 149 180 176 175 174 165 147 180 177 175 174 164 -1.3 0.0 + 0.6 0.0 0.0 -0.6 333 310 340 157 161 165 387 346 575 156 175 158 164 168 163 170 177 459 426 577 150 183 165 173 178 495 443 571 152 183 1-2 0.0 1.1 422 380 582 158 181 161 169 171 443 416 571 151 183 167 173 180 588 537 670 366 »326 154 155 163 306 283 504 154 160 465 573 153 180 263 279 236 218 162 144 146 170 165 148 163 179 166 152 161 180 164 145 173 177 164 144 174 179 164 146 174 172 +5.0 +0.4 +0.7 -1.6 + 1.2 + 1.4 178 « 321 313 183 171 184 176 192 183 209 199 210 205 211 205 208 200 COST OP LIVING, National Industrial Conference Board: Food. Shelter Clothin Fuel an Sundries All items weighted FOREIGN WHOLESALE PRICES: United Kingdom— British Board Trade London Economist __ U. S. Fed. Res. Bd France— Gen. Stat. Bureau, U.S. Fed. Res. Bd Italy (Bachi) Sweden Switzerland.. Canada— Canadian Dept. Labor U.S. Fed. Res. Bd Australia India (Calcutta) Japan— Bank of Japan U. S. Fed. Res. Bd 166 148 +3.5 -1.4 -2.4 35 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered to make clear such distinctions and in general to facilitate the use of the table: January, 1921*.—This column gives the January figures corresponding to those for January shown in the next column—in other words, cover the previous month. February, 1924.—In this column are given the figures covering the month of February, or, as in the case of stocks, etc., the situation on February 29 or March 1. Corresponding month, January, 1923, or February, 1923.—Thefiguresin this column present the situation exactly a year previous to those in the "February, 1924," column (that is, generally February, 1923), but where nd figures are available for February, 1924, the January, 1923, figures have been inserted in this column for comparison with the December, 1923, figures. Cumulative total from July 1 through latest month.—-These columns set forth, for those items that properly can be cumulated, the cumulative totals for the eight months ending February, 1923 and 1924, respective^, except where the February, 1924, figures are lacking in which case the cumulative totals for the last six months of 1922 and 1923 are given. Percentage increase (-f) or decrease (—) cumulative, 1923-24 from 1922-23,—This column shows the per cent by which the cumulated total for the eight months ending February, 1924, is greater (+) or less (—) than the total for the corresponding period ended February, 1923. Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period stated in this column. Wherever possible, the year 1913 is taken as a base, and if no pre-war figures are available, 1919 is usually taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921, and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Index numbers,—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (4-) or decrease (—) January from December,—The last column shows the per cent increase or decrease of the figure for the last month compared with the preceding month. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of the SURVEY ( N O . 30). NUMERICAL Per ct. | increase DATA Tor ct. increase INDEX NUMBERS (+> 1924 In many cases March figures are now available and may be found in the special January table on page 2$ February Corresponding month, January or February, 1923 CUMULATIVE TOTAL FROM JULY 1 THROUGH LATEST MONTH 1922-23 1923-24 or decrease (-) cumulative BASE YEAR OR PERIOD 1923-24 from 1922-23 1923 Jan. ordocreaso 1924 Jan. from Dec. Feb. Nov. Dec. Jan. Fob. 61 66 62 78 115 94 109 93 -88 347 1C1 243 40 240 06 312 -53.8 -31.1 -40.0 +28.3 TEXTILES Wool Receipts :wipi>s at at Boston: liosion: Domestic. 1__thous. of lbs Foreign thous. of lbs Total ._ thous. of lbs T imports, unmanufactured thous. of lb; ^uuauiuption by textile mills, grease equivalent.. thous. of lbs. -Machinery activity hourly: Looms, wide per ct. of hours active. Looms, narrow per ct. of hours active. Looms, carpet and rug.„.per ct. of hours active. Sets of cards per ct. of hours active. Lombs per ct. of hours active. Spinning spindles— Woolen per ct. of hours active. n t ,_. Worsted per ct. of hours activeMachinery activity (percentage of total): Woolen spindles per ct. of active to totalWorsted spindles per ct. of active to total. Wide _ide looms per ct. of active to total. total.. loon" ' of' active to total.. Narrow looms-___per ct. loom . Carpet looms per ct. of active to total.. Prices: Raw, Ohio, 1 blood unwashed. dolls, per lb.. Raw, territory fine, scoured dolls, per lb. Worsted yarn dolls, per l b . Wool, dress goods dolls, per yd., Men's suitings dolls, per yd.. 5,458 12,642 18,100 39,487 5,990 40,885 46,875 57, 111 109,839 212,689 322,529 307,434 99,524 57,260 156,784 133,045 -9.4 -73.1 -51.4 -56.7 1913 1913 1913 1913 50 740 244 445 53,845 50,633 57,916 461,239 393,220 -14.7 1921 144 131 114 103 | 122 115 -0.0 112 116 103 ! 106 103 105 104 104 -1.9 -1.2 + 1.5 +8.5 +4.9 +3.7 +5.6 72.8 67.3 71.4 66.5 79.7 74.3 1921 1921 126 131 116 116 75.0 87.1 89.6 76.1 94.5 94.0 8L9 95.0 93.3 1921 1921 1921 168 133 116 160 133 105 165 130 96 146 122 101 148 132 105 86.4 72.8 89.6 76.9 94.6 95.8 1921 1921 127 116 132 117 123 101 120 125 94 1913 110 113 105 105 106 1913 1913 1913 1913 122 109 118 126 123 112 118 125 104 99 108 126 99 105 96 111 122 .52 .54 .53 1913 204 212 192 20-1 208 216 1.37 1.700 1.035 3.690 1.41 1.700 1.035 3.690 1.44 1.750 .993 3.510 1913 1913 1913 1913 253 219 169 221 253 225 176 227 228 212 184 239 235 212 184 239 210 219 184 239 24' 219 184 239 1913 1913 72 518 34 327 177 82 142 175 235 ' 35 239 Cotton 19,729 l 10,159 - . thous. of bales.. 410 421 896 - , - ^ J S into sight thous. of bales.. 66,329 48, 601 47,693 Imports, unmanufactured...; ..bales.. imports, unmanufactured 359,657 482,146 (including linters) bales.. 546,253 566,805 507,876 consumption by textile mills bales.. 576,644 1 Ginnings are crop-year totals for 1922 and 1923, respectively. 44 775 250 451 11,823 18,336 30,159 30, 786 9,613 344,735 9,845 172,458 +4.4 +2.4 -50.0 65 66 49 106 116 > 1913 4,112,887 4,531,023 +10.2 131 109 122 114 -5.6 4,297,782 4,057,646 1913 * Twelve months' average, July to Juno, inclusive, ending tho year indicated. +1.2 +6.8 -2.7 0.0 +1.2 +3.8 +2.9 0.0 0.0 0.0 -53.0 +1.9 -11.7 -11.9 36 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will bo found at the end of this bulletin. For detailed tables covering other items, see lost quarterly Issue of the SURVEY ( N O . 30). In many cases March figures are now available and may be found in the special table on pane 29 Per ct. increase N U M E R I C A L DATA 1924 January February Corresponding month, January or February, 1923 t> or de- CUMULATIVE TOTAL FROM JULY 1 crease THROUGH LATEST MONTH cumulative 1923-24 from 1922-23 1922-23 1923*24 (-) Per INDEX NUMBERS ( ct. increase BASE YEAR OR PERIOD 1923 (+) 1924 or decrease Jan. Feb. Nov. Dec. Jan. Fcb, Jan. from Dec. TEXTILES—Continued Cotton—Continued Stocks, end of month: Total domestic ginned thous. of bales.. Mills thous. of bales.. Warehouses thous. of bales.. Elsewhere (computed) thous. of bales.. World, visible, American thous. of bales.. Manufactured Roods: Cotton cloth exports thous. of sq. yds.. Fabric consumption by tiro manufacturers thous. of lbs.. Fine cotton goods: Production pieces.. Sales pieces.. Cotton finishing: Orders received, grey yardageWhite goods thous. of yds.. Dyed goods thous. of yds.. Printed goods thous. of yds.. Total thous. of y d s Billings, finished goods (as produced)— White goods thous. of yds.. Dyed goods thous. of yds.. Printed goods thous. of yds.. Total thous. of yds.. Shipments, finished goodsWhite goods cases.. Dyed goods cases.. Printed goods cases.. Total cases.. Stocks, finished goods— White goods cases.. Dycdgood3 cases.. Printed goods cases.. Total cases.. Operating activity...por cent of capacity.. Machinery activity of spindles: Active spindles thousands.. Total activity millions of hours.. Activity per spindle hours.. Percent of capacity percent.. Prices: Raw cotton to producer < dolls, per l b . . Raw cotton, New York dolls, per lb.. Cotton yarn dolls, per l b . . Print cloth .*. dolls, per y d . . Sheeting dolls, per y d , . Clothing: Men's and boys' garments c u t Men's suits*\vool number. Men's suits, other number. Men's separate trousers, wool number.. Men's separate trousers, other number.. Men's overcoats number.. Boys' suits and separate pants number.. Boys' overcoats and reefers..number.. Work clothing: Cut dozens.. Sales dozens.. Cancellations dozens.. Stocks, end of month dozens.. Knit underwear: Production dozens.. Orders received,. thous. of dozen.* Shipments .. dozens.. Cancellations dozens.. Unfilled orders, end of month thous. of dozens.. Raw Silk Imports Deliveries (consumption) Stocks, end of month Price, Japanese, N . Y 5,202 1,633 2,966 4,440 1,578 2,485 602 408 3,030 28,444 2,785 28,867 5,654 2,021 2,803 1914 1913 1913 1914 2,734 1913 109 149 162 47 133 106 218 94 36,751 375,538 281,102 -25.1 * 1913 11,834 81,166 69,580 -14.3 1921 +7.6 119 119 204 101 120 172 34 86 116 144 23 57 52 90 -S.1 78 +1.5 110 99 100 177 119 104 120 94 105 -14.fi -3.4 -16.2 -32.2 77 104 109 175 171 125 117 61 -2.2 121 56 107 43 -11.8 -23.6 103 104 47 90 97 127 60 v 96 92 118 54 91 -4.9 -7.2 -9.9 -6.0 11,706 461,408 250,300 11,447 409,377 191,278 399,024 383,818 3,232,702 3,382,777 3,467,130 2,537,405 -25.0 1919 1919 32,569 37,143 9,368 86,888 30,9S0 34,466 8,438 81,680 36,655 42,263 14,180 102,827 298,797 318,627 110,359 811,695 267,426 275,549 66,649 €78,514 -10.5 -13.5 -39.6 -16.4 M921 U921 UQ21 117 154 103 123 ; 109 ! 110 144 124 91 59 114 102 36,735 35,389 8,682 92,714 33,172 33,603 8,239 85,823 34,251 37,865 15,189 99,442 301,371 280,712 109,141 787,018 279,093 68,760 698,732 -10.4 -0.6 -37.0 -11.2 31921 '1921 •1921 '1921 119 140 123 124 105 143 116 116 111 154 77 114 118 139 71 111 113 133 66 109 102 127 63 101 -9.7 -5.0 -5.1 -7,4 19,651 9,411 1,830 54,291 19,225 8,458 1,581 47,856 16,852 12,135 2,729 55,092 135,610 89,882 21,174 419,314 130,790 64,828 13,465 360,976 -3.6 -27.9 -36.4 -13.9 31921 *1921 U921 114 159 74 128 109 153 94 123 105 108 77 10 i 109 107 59 104 127 119 63 121 124 107 54 107 -2.2 -10.1 -13.6 -11.9 11,551 8,332 2,386 10,555 45|8S3 64 U921 •1921 >1921 '1921 113 133 77 113 114 80 135 102 162 212 80 137 97 158 214 80 133 114 145 221 78 127 * 1921 124 144 84 120 118 172 177 48,007 8,283 5,198 2,301 40,935 74 96.7 194 89.8 35,304 8,449 227 109.6 1913 1922 1922 115 120 119 116 109 109 112 104 102 111 92 91 109 109 107 107 95 93 -2.0 -13.5 -13.4 -7.1 1325 .347 .552 .077 .135 •.314 .319 .522 .071 .125 .277 .290 .487 .080 .126 1913 1913 1913 1913 1913 216 215 192 227 197 231 226 197 232 206 258 274 218 229 208 280 228 236 217 271 271 223 223 220 262 249 211 205 204 -3.4 -8.1 -5.4 -7.8 -7.4 700,896 119,516 757,447 108,756 858,207 147,591 33,340 8,448 224 32,684 7,301 164 105 125 a 1921 > 1921 -8.6 +3.6 -1.9 -4.4 -13.5 +8.1 -9-0 630,394 638,077 790,400 + 1.2 342,925 147,100 487,587 119,142 456,921 113,798 +42-2 -19.0 673,921 16,615 74,470 15,478 603,058 13,972 +7.1 -6.8 166,882 170,333 238,1&4 153,034 143,780 1,314 255,242 756,000 758 767,700 4,500 730,800 528 681,300 12,600 1,442 ,376,900 -8.3 -15.6 -8.9 +7.2 626,400 501 837,000 9,900 4,897,800 7,119 5,779,800 104,400 5,795,100 6,204 5,786,100 164,700 +18.3 -12.9 +0.1 +57.8 224,800 12,567,700 thous. of l b s . . bales bales dolls, per l b . . 5,304 32,925 44,398 7.350 4,200 29,804 40,226 6.860 5,133 36,231 44,615 a 771 44,006 268,871 41,626 226,194 Burlap and Fiber Imports: . Burlap ;. thous. of l b s . . Fiber (unmanufactured) long tons.. 56,049 25,422 57,882 24,812 47,914 26,367 355,067 225,323 389,937 189,612 Pyroxylin Coated Textiles Pyroxylin spread thous. of lbs. 2,912 2,861 Shipments billed: Light goods linear yds.. 688,589 535,379 Heavy goods linear yds 384,688 457,660 Unfilled orders, end of month: Light goods linear yds 420,461 511,563 Heavy goods linear yds" ,946) 670 103,698 * Twelve months' average, July to June, inclusive, endin »Eleven months' average, January to November, indusi the year indicated. • AB of the 16th of the month. Figures prior to January are as of the first of following month. 122 146 202 -5.4 -15.9 +9.8 -15.8 1920 «1920 «1920 M920 107 1,157 185 46 106 497 182 20 121 132 625 1,029 144 156 70 45 128 751 167 9 -3.3 124 523 -30.3 -11.3 148 25 +180.0 U920 587 511 451 570 473 443 -6.4 1913 •1920 1920 1913 197 195 92 225 180 203 87 241 212 141 69 215 179 131 80 213 186 185 87 202 147 167 78 189 -20.8 1909-13 1909-13 180 165 141 92 151 120 143 116 165 171 87 -9.4 -6.7 -1.8 -22.8 +5.3 +2L7 i Relative to six months* average, July to December, inclusive, ' RelaUve t0 eleven mOntbs ' aVeragG ' F e b r u a r r t o December, indusive. 37 TREND OF BUSINESS MOVEMENTS—Continued NOTB.—Items marked with an asterisk (*) NUMERICAL DATA havelnot been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these CUMULATIVE TOTAL Correitems will be found at the end of this bulletin. FROM JULY 1 sponding 1924 For detailed tables covering other items, see THROUGH LATEST month, last quarterly issue of the SUEVEY ( N O . 30). MONTH January In many cases March figures are now or Febavailable and may be found in the special January February, 1922-23 table on page 29 ruary 1923 Perct Increase ordecumulative 1923-24 from 1922-23 INDEX BASE YEAR OR PERIOD 1928 Jan. Per ct. in* crease- NUMBERS <+> or decrease 1924 Feb. Nov. Dec. an. Feb U. from Dec. METALS Iron Ore a n d Pig Iron Iron ore: StocksTotal thous. of tons-. At furnaces thous. of tons.. On Lake Erie docks thous. of tons. Consumption .thous. of tons.. Pig iron, production thous. of long tons.. Furnaces in blast: Furnace J number. Capacity long tons per dayMerchant pig iron: Production thous. of long tons.. Sales thous. of long tons.. Shipments thous. of long tons.. Unfilled orders .thous. of long tons.. Stock, merchant furnaces thous. of long tons.. Stocks, steel plants___.tbous. of long tons,. Ohio gray-iron foundries: Meltings long tons.. Meltings : per cent of normal.. Stocks long tons.. Receipts of iron long tons.. Wholesale prices: Foundry No. 2, Northern dolls, per long ton.. Basic Valley furnace...dolls, per long ton.. Composite pig iron dolls, per long ton.. Malleable castings: Production tons.. Shipments tons.. Orders booked tons.. Operating activity per. ct. of capacity.. Cast-iron pipe: Production tons.. Shipments tons.. New orders .'...tons.. 33,991 26,453 U91&-20 U919-20 U919-20 U919-20 1913 115 120 104 124 126 100 101 97 116 117 140 153 108 110 113 1913 1913 97 125 103 131 86 112 112 +6,5 +U 1914 1914 1914 1914 121 152 127 95 115 209 130 116 114 297 110 97 112 60 121 86 -1.6 -4Z1 +3.5 -4.2 1914 M921 37 40 118 80 121 85 -3.3 -8.7 1922 1922 1922 1922 110 115 91 132 163 131 108 353 165 136 106 168 120 111 107 140 +12.8 -0.4 +4.0 +17.7 1913 1913 1913 180 175 177 183 179 181 148 142 148 +2.5 +3.8 +4.1 4,688 3,019 29,258 22,232 7,026 4,783 3,075 30,519 22,601 7,918 4,671 2,994 248 101f 435 264 108,100 278 110,055 429 613 433 1,297 422 355 448 1,242 437 689 433 1,516 918 161 147 279 73 15,780 23,137 74.10 24,413 18,578 19,800 67.80 23,992 29,044 24.16 21.20 23.18 24.76 22.00 24.13 29.27 26.25 27.98 56,278 58,504 64,058 58.0 58,793 52,918 56,828 62.0 +4.5 -9.5 -11.3 81,431 63,987 204,547 78,962 69,399 222,164 -3.0 +8.5 +8.6 3,600 Steel ingots, production...thous. of long tons.. Steel castings: Total bookings short tons.. * 49,046 18,970 Railroad specialties short tons_. Miscellaneous bookings short tons.. a30,076 Unfilled orders, U. S. Steel Corp., 4,798 end of month, thous. of long tons.. 3,781 7,638 20,520 74.40 23,478 32,070 21,053 2,676 3,071 2,836 39,106 25,311 3,663 3,222 3,240 +21.9 +20.2 +36.9 +4.9 +14.2 117,011 161,742 +38.2 94,299 114,960 +21.9 -13.9 -16.0 -6.8 +2.0 +1.9 +6.9 Crude Steel 3,455 25,819 623,755 283,398 340,357 27,407 388,048 148,567 239,211 +6.1 151 +5.0 1913 1913 1913 199 202 197 +44.4 +84.0 +19.5 1913 117 +2.4 1920 1920 1920 1920 1920 152 127 144 179 74 1913 70,829 34,901 35,928 90,152 39,845 50,307 4,913 7,284 274,097 87.2 228,660 234,858 471,053 275,118 96.5 249,859 189,081 434,145 237,919 89.0 217,808 253,197 547,897 117,069 37,541 113,020 30,658 148,360 29,123 1920 1920 117 677 40.00 43.35 3.03 2.79 2.50 40.00 43.49 3.03 2.78 2.50 39.63 42.61 Z72 2.61 2.10 1913 1913 1913 1913 1913 number.. number.. number.. 151 147 4 99 92 207 196 11 +50.9 +51.5 +43.4 numbernumber. number. number., 376 344 32 9,170 499 466 33 41r346 2,220 2,141 72,418 -28.5 dollars.. dollars. dollars. • Revised. 419,164 317,931 569,137 378,265 348,641 614,579 407,609 374,416 692,190 % 673,725 2,803,446 2,521,769 2,797,832 +4.9 +10.9 -37.8 -47.6 -29.7 Finished Iron a n d Steel Sheets, blue, black, and galvanized: Production (actual) :sbort tons,. Production per ct. of capacity.. Shipments short tons.. Sales short tons.. Unfilled orders short tons.. Stocks— , Total : short tons.. Unsold short tons.. "Wholesale prices; Steel billets, Bessemer-dolls, per long t o n Iron and steel dolls, per long tonComposite steel dolls, per 100 lbs.. Composite finished steel.dolls. per 100 lbs.. Structural steel beams dolls, per 100 lbs.. 1,799,814 1,712,901 -4.8 1,723,213 1,794,921 1,730,295 1,556,559 -13.3 +0.4 110 92 116 117 41 91 81 110 248 65 160 133 145 134 63 +0.4 +10.7 +9.3 -19.5 -7.8 132 521 100 815 93 790 101 548 -3.5 -18.3 145 156 151 149 132 154 162 158 157 139 155 163 176 167 166 155 163 176 167 166 155 165 176 167 166 1913 1920 1920 75 197 13 178 12 98 245 33 108 277 27 49 134 4 1920 1920 1920 1913 135 190 21 128 168 239 18 74 52 73 8 48 29 41 5 101 28 38 7 87 33 +32.7 52 +35.5 8 +3.1 394 +350.9 1922 1922 1922 164 111 176 148 146 187 97 15! 103 136 118 1 139 152 124 154 137 136 i +9.7 +8.0 166 0.0 ! +0.3 0.0 -0.4 0.0 Iron and Steel Products Locomotives: ShipmentsTotal Domestic Foreign Unfilled ordersTotal Domestic Foreign freight cars: Orders, domestic Foundry equipment: Sales Shipments _ Unfilled orders 79 7,800 1,348 1,249 99 101,305 2,034 1,892 142 * Twelve months' average, June, 1919, to May, 1920. 32 84 8 -34.4 -37.4 +75.0 38 TREND OF BUSINESS MOVEMENTS—Continued. NOTE.—Items marked with an asterisk (*) N U M E R I C A L DATA have not been published previously in the . SURVEY or are repented for special reasons; CUMULATIVE TOTAL detailed tables covering back figures for these CorreFROM JULY 1 items will bo found at the end of this bulletin. sponding 1924 THROUGH LATEST For detailed tables covering other items, see month, MONTH last quarterly issue of the SURVEY ( N O . 30). January In many cases March figures are now or February, Febavailable and may be found in the special_ January 1922-23 1923-24 1923 ruary table on page 29 » Perct increas or decrease cumulative 1923-24 from 1922-23 Per ct. increase INDEX NUMBERS BASS YEAR OR PERIOD 1923 1924 or decrease Jan. Feb. I Nov. Dec.Jan. Feb. Jan. from Dec. METALS—Continued I r o n a n d Steel Products—Continued Vessel construction: Completed during m o n t h Total gross tons.. Steel seagoing gross tons.. Building or under contract, end of mo.— Merchant vessels..thous. of gross tons.. Structural steel, fabricated: Salrs (prorated) short tons.. Salo^ perct. of capacityShipments per ct. of capacitySteel furniture, shipments thous. of dolls.. 10,780 3,719 3,950 1,849 21,392 16,224 146 196 280 ,84,600 204,622 65,541 1,310,100 134,599 51,576 -34.2 -21.3 1,255,800 -4.1 1916 -63.4 -50.3 1916 24 23 13 13 12 1916 1916 1916 16 +34.0 199 212 156 144 106 215 158 193 142 199 146 1919 150 "144 148 -160 177 +2.8 +2.8 -6.2 +0.8 47 118 +20.9 -6.6 94 +7.1 -5.3 +9.5 202,800 78 64 1,592 189,800 73 60 1,605 91 06,492 110 62,113 129 66,619 1,188 574,608 775 394,636 -34.8 -31.3 1919 1919 62 158 55 126 538 52,844 2,798 576 50,056 3,065 537 54,322 2,676 4,600 428,996 25,501 4,549 341,753 25,550 -1.1 -20.3 1919 87 SS b 1,506 b 1,112 9,467 7,914 10,814 -16.4 +37.2 1919 1919 1919 91 86 81 115 96 92 64 109 59 58 106 47 65 84 45 25,809 373 24,995 351 461 -3.2 -5.9 +18.8 1913 1913 1913 127 91 179 114 61 112 111 61 144 109 58 112 120 53 98 105 53 119 -11.8 0.0 +21.4 812,842 1,033,504 582,743 468,078 +27.1 +24.5 1913 1913 1913 110 107 93 101 71 125 102 81 127 108 82 131 98 80 126 127 31 -3.8 +29.6 +1.6 1,307 Machinery Stokers: Sales. _ number.. • Sales horsepower,. Agricultural pump shipments: Total ...thou3. of dolls.. Pitcher, hand, etc number.. Power pumps numberSteam, power, and centrifugal pumps: New orders .-thous. of dolls. Shipments thous. of dolls. Unfilled orders thous. of dolls. Patents issued: Total, all classes number..I Agricultural implements number..| Internal-combustion engines number..] 1,071 1,081 2,706 31 62 1 39 126 79 +0.2 K849 3,380 42 42 2,980 42 51 3,226 48 48 133,356 68,888 128,200 89,278 .128 102,735 49,751 .155 496,535 362,433 515,521 394,316 645,306 481,740 +3.8 +8.8 540,763 425,776 269,112 260,548 254,593 238,690 -50.2 -38.8 number,. thous. of lbs,. thous. of lbs.. thous. of lbs.. thous. of lbs., dolls, per Ib., 78,768 99,418 81,394 25,974 17,022 .068 79,232 87,866 74,384 22,834 19,168 .071 86,931 84,886 21,728 11,096 14,171 .076 long tons. long tons. long tonsthous. of lbs. dolls, per l b . 2,812 24,372 4,895 12,925 .485 3,302 21,835 8,845 20,599 .529 2,054 25,157 6,185 12,429 .423 Lead Production index number Rceipts, St. Louis thous. of lbs Shipments, St. Louis thous. of lbs.. Wholesale price, pig, desilverized,dolls. per l b . . 12,150 7,451 .083 11,301 7,688 .090 50,801 1,046 45,725 1,263 NONFEKEOUS METALS Copper a n d Brass Copper: Production thous. of lbs.. Exports thous. of lbs., Wholesale price, electrolytic.dolls. per lb_. Brass faucets: Orders received number of piecesOrders shipped number of pieces.. Tubular plumbing sales: Quantity number of pieces.. Valuo dollars.. .126 Zinc Retorts in operation, end of mo Production Stocks, end of month Receipts, St. Louis Shipments, St. Louis Price, slab, prime western 577,743 616,430 653,098 700,600 +13.0 +13.7 120,008 135,718 169,041 139,581 +40.9 +2.8 1913 1913 1913 1913 1913 1913 80 160 41 43 48 125 82 147 27 40 50 130 80 153 76 49 43 115 82 161 92 106 64 113 75 172 100 94 60 116 75 152 91 83 68 123 +0.6 -11.6 -8.6 -12.1 +12.6 +4.4 174 203 181 138 88 106 203 169 130 94 56 158 185 119 09 86 170 131 132 105 146 197 134 135 103 171 176 242 215 113 +80.7 +59.4 +9.1 Tin Stocks, end of month: United States World visible supply Deliveries (consumption) Imports Wholesale price, pig tin +17.4 -10.4 41,885 94,548 46,230 105,223 +10.4 +11.3 1913 1913 1913 1913 1913 11,792 5,402 .082 121.250 72,852 72,365 65,027 -40.3 -10.7 1921 1913 1913 1913 140 255 78 178 130 215 62 185 142 141 123 157 140 196 106 173 139 222 35 183 152 206 83 203 +9.4 -7.0 +3.2 +8.4 42,160 806 309,518 8,631 368,646 12,293 +19.1 +41.6 1913 1909-13 126 99 106 73 103 114 100 127 95 115 115 -10.0 +20.7 FUEL AND POWER Coal a n d Coke Bituminous: Production thous. of short t o n s . . Exports thous. of long t o n s . . Prices— Mine average, spot.dolls. per short t o n . . Wholesale, Kanawha, f. o. b . Cincinnati dolls, per short t o n Retail, Chicago..-dolls, per short ton Anthracite: Production thous. of short t o n s Stocks, distrib. points .thous. of long tons Exports thous. of long t o n s " PricesWholesale, chestnut N. Y_._ dolls, per long t o n Retail, chestnut N. Y dolls, per short ton._ Production, beehive..thous. of short tons Production, by product thous. of short tons Exports thous. of long tons Price, furnace, Connellsville dolls, per short t o n . . 2.23 2.25 3.59 1913 354 292 181 176 181 183 +0.9 3.64 8.71 3.64 8.73 4.89 10.79 1913 1913 256 228 222 224 177 182 154 181 166 181 166 181 0.0 +0.2 7,924 1,494 272 7,621 1,660 310 7,773 114 330 102 4 115 102 47 128 105 54 114 104 56 94 100 62 108 -3.8 +11.1 +14.0 200 216 216 216 216 0.0 203 203 -2.6 41 43 +4.9 -3.7 +5.7 +4.0 11.47 11.47 10.63 14.50 14.13 14.90 1,154 1,211 1,481 2,981 £6 2,810 71 4.03 4.19 I 47,285 60,094 +27.1 2,048 2,754 +34.5 1913 1921 1909-13 1913 10,265 21,228 438 7.13 b January, 1923. 24,736 535 +31.6 +16.5 +22.1 200 1913 207 214 209 1913 53 53 39 1913 1909-13 1913 293 107 203 265 97 278 67 233 62 292 73 231 77 292 156 164 165 172 39 TREND OF BUSINESS MOVEMENTS—Continued N O T E .—Items marked with a n asterisk (*) N U M E R I C A L DATA have not been published previously in t h e SURVEY or are repeated for special reasons; detailed tables covering back figures lor these CUMULATIVE TOTAL Correitems will be found a t t h e e n d of this bulletin. FROM JULY 1 sponding 1924 For detailed tables covering other items, see' THROUGH LATEST month, last quarterly issue of t h e S U R V E Y ( N O . 30). MONTH January In many cases March figures are now or Febavailable and may be found in the special January ruary, Feb1922-23 1928-24 table on page 29 1923 ruary Per ct. ncrease ( t> or decrease (-) cumulative Per ct. in* crease INDEX NUMBERS BASE YEAR OU PERIOD 1923-24 from 1922-23 { 1923 Jan. Fob. +? 1924 Nov. Dec. >r decrease Jan. Feb. Dec. F U E L AND POWER—Continued Petroleum Crude petroleum: Production 56,455 _.thous. of bbls.. Stocks, end of monthTotal (comparable) „« .thous. of bbls_. 337,419 Days' supply 162 number— Tank farms and pipe lines .thous. of bbls— 333,742 33,873 Refineries .thous. of bbls. Imports .thous. of bbls. 62,262 Consumtion .thous. of bbls_ 9,911 Shipments from Mexico... -thous. of bbls. 1.244 Price, Kansas-Oklahoma.. .dolls, per bbl. 774 Oil wells completed number<3asoline: Production .thous. of gals., 695,323 Exports .thous. of gals-, 85,946 Domestic consumption..., .thous. of gals., 498,161 Stocks, end of month .thous. of gals.. 1,202,547 .165 Price, motor, N. Y ..dolls. pergaL. Kerosene oil: Production .thous. of gals., 217,768 Domestic consumption... .thous. of gals., Stocks .thous. of gals.. "314f"l8l" .220 Price, 150° water white... ,.dolls, per gal.. €as and fuel oil: Production , .thous. of gals., 1,062,892 Domestic consumption .thous. of gals., Stocks .thous. of gals.. 1,-527,-347" .057 Price, Pa.t 36-40 at refin._ .dolls, per gal.. bricating oil: • 94,535 Production .thous. of gals, Domestic consumption -thous. of gals., Stocks .thous. of gals. Price, Pa., 600°fil.," D " .263 at refinery dolls, per gal.. AUTOMOBILES Production: Passenger cars number- 287,302 Trucks . number.. 28,846 Shipments: By railroads carloads.. 46,359 Driveaways number of machines.. 40,976 1,018 By boat number of machinesInternal revenue taxes collected on: Passenger automobiles and motor cycles thous. of dolls ~ 11,457 Automobile trucks and 1,258 wagons thous. of dollsAutomobile accessories 2,877 and parts thous. of dolls.. _, RUBBER •Crude: Imports thous. of lbs.. Consumption by tiie mfrs__-thous. oi lbs.. Wholesale price, Para, N. Y..dolls. per lbPneumatic tires: Production * thousands . gtocks, end of month thousands., Shipments, domestic thousands., Inner tubes: Production thousands., Stocks, end of month thousands.. Shipments, domestic thousands.. Solid tires: Production thousandsStocks, end of month thousandsShipments, domestic thousandsHIDES AND LEATHER T x 49,080 37,78ft .199 55,027 48,130 338,262 160 268,9-16' 141 334,585 37,324 6,511 59,008 11,809 1.513 904 260,026 28,113 6,199 51,681 10,175 1.725 1,094 568,652 677,740 101,597 380,093 407,710 1,347,222 1,130,341 1231 .200 196,826 180,375 -3167756" .220 *272'763" .220 1,025,422 902,563 1,-5567563" .060 f~276,~876" 93,824 387,148 497,920 +28.6 63,767 434,304 102,752 54,657 495,414 95,206 -14.3 +14.1 -7.3 11,416 9,188 4,566,966 6,218,451 396,512 623,971 3,891,180 4,605,629 -19.5 +14.3 +57.4 +18.4 1,643,943 1,629,805 -0.9 1913 251 1913 1919 256 128 1919 1913 1913 1913 1913 1913 200 492 247 554 145 76 183 418 237 471 185 69 221 410 277 555 112 63 223 567 290 623 109 56 227 425 286 459 133 49 +0.2 -1.2 +0.3 + 10.2 +3.3 -5.2 +19.2 +21.6 +16.8 1919 1919 1919 1919 1919 189 191 160 212 131 172 218 133 239 137 187 175 188 209 101 200 230 181 228 92 211 230 174 255 98 -2.5 +18.2 -18.0 + 12.5 +21.2 1919 1919 1919 1919 109 106 92 110 92 104 91 110 113 114 80 110 120 103 94 110 112 -9.6 232 273 +11.8 1919 1919 1919 1919 156 179 163 117 142 145 164 123 160 160 193 113 163 16G 195 108 167 738,625 +6.5 1919 1919 1919 123 104 149 110 120 148 136 128 143 139 112 150 134 68 53 .064 "255,-688" '"238,~859 1919 .293 162 75 184 84 317,859 320,138 48,841 1920 1920 1920 168 77 15 173 111 19 55,398 73,619 +32.9 1920 111 137 137 63 62 64 67 62 49,219 48,300 1,100 36,165 43,613 882 241,237 258,011 40,844 6,839 5,887 -3.5 + 1.5 +5.2 -0.8 153 +4.5 +17.1 +7.7 +6.2 +17.9 +8.1 1919 1919 254,773 22,161 161 +11.1 +36.4 +37.1 +31.8 +241 +19.6 1,781,792 2,429,664 236,027 172,179 336,363 31,072 -2.5 +C.8 0.0 7,498,422 8,385,875 77,498 266 321 140 -40.3 -29.5 -26.0 887 710 6,787 7,655 +12.8 1920 2,130 3,476 27,331 23,351 -14.6 1920 70,589 33,466 .191 60,379 34,236 .307 373,841 -25.2 1913 1921 1913 828 191 34 625 1Q1 361 129 25 690 138 25 508 211 25 731 187 24 +43.8 246,766 177 124 136 132 111 129 134 103 137 177 114 146 ISO 125 147 +0.6 +11.5 -1.9 +3.7 +11.4 -6.0 +12.5 +10.5 +13.5 -476 3,220 4,808 2,785 3,279 5,265 2,801 3,218 5,224 2,589 22,297 20,076 21,713 21,436 -10.1 -1.6 1921 1921 1921 172 111 157 3,888 6,720 3,476 4,068 7,339 3,330 4,089 6,772 3,002 29,418 28,009 -4.9 28,482 29,251 +2.5 1921 1921 1921 175 123 164 179 148 131 153 147 149 146 133 153 172 147 152 180 161 145 48 152 37 55 161 43 75 270 63 645 327 -49.5 236 114 138 213 117 144 90 64 127 135 66 85 155 70 '-29.T 1921 1921 1921 77 77 365 22,486 2,610 10,528 3,291 4,006 29,049 3,655 13,048 5,113 5,370 49,033 3,332 30,535 6,832 6,603 451,063 47,643 271,206 54,176 52,165 242,963 28,073 117,787 44,347 38,317 -46.1 -41.1 1909-13 1909-13 1909-13 1909-13 1909-13 138 67 173 103 178 114 49 169 71 125 63 45 75 50 71 64 43 62 72 77 63 54 63 62 102 +29,2 +40.0 +23.9 +55.4 +34.0 302,899 253,454 33,473 15,872 297,287 250,823 31,798 14,666 401,165 48,259 22,646 1921 1921 1921 1921 87 01 72 70 73 75 70 59 73 75 66 56 69 74 5 4 -1.9 -1.0 -5.0 -7.6 .143 ,158 .158 .182 .199 .167 1913 1913 109 • Hides Imports: Total hides and skins Calfekins Cattle Calfeki hides thous. of lbsthous. of lbs. thous. of lbs. thous. of lbsthous. of lbs. Goatskins Sheepskins Stocks, end of month: thous. of lbs. Total hides and skins thous. of lbs Cattle hides thous. of lbs. Call and kip skins thoas b skinS * Of l b S " Prices- 660 a D d Green salted, packer's heavy native steers dolls, per l b . Calfskins, country No. 1 dolls, per lb -56.6 -18.1 -26.5 108 88 +10.5 +15.2 40 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (•) havo not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of the SURVEY (NO. 30). In many cages March figures are now available and may be found in the special table on page 29 Perct. increase N U M E R I C A L DATA 1924 January February Corresponding month, January or February, 1923 (+) CUMULATIVE TOTAL FBOM JULY 1 THEOUQH LATEST MONTH 1922-28 I 1923-24 orde* cumulative Per ct. increase INDEX NUMBERS ( } BASE YEAR OK PERIOD 1923-24 from 1922-23 1923 t 1924 Jan. I Jan. | Feb. || Nov. | Dec. or decrease Jan. Feb, from Dec. HIDES AND LEATHER—Continued Leather Production: Sole leather...thous. of bks., bends, sides Skivers doz. Oak and union harness stuffed sides. Finished sole and belting thous. of lbs. Finished upper thous. of sq. ft. Stocks, end of month: Sole and belting thous. of lbs. Upper.. thous. of sq. ft. Stocks, in process of tanning: Sole and belting thous. of lbs. Upper thous. of sq. ft. Exports: Sole thous. of lbs. Upper thous. of sq. ft. Prices: Sole, oak, scoured backs, heavy Boston dolls, perlb. Chrome calf, " B " grades.dolls, per sq. ft. 1,373 34,597 129,736 23,819 76,340 1,213 29,863 124,001 21,906 74,009 1,449 36,948 139,365 25,496 78,209 12,004 202,846 615,871 11,536 203,338 593,486 -3.9 +0.2 -3.6 1919 1919 1921 1921 157 121 110 145 77 159 117 99 135 85 92 100 100 1919 73 186 113 92 124 158 99 124 73 150 108 93 132 65 129 104 85 128 -11.7 -13.7 -4.4 -8.0 -3.1 92 88 90 -1.0 -1.5 81 -3.1 -2.2 172,898 387,600 171,247 381,722 164,270 390,357 1921 1921 87 93 92,907 149,400 90,065 146,095 111,239 164,878 1921 1921 96 1,350 5,429 1,695 5,958 1,796 4,992 1913 1913 .36 79 4.40 4.40 5.25 1913 1913 117 ) 441 757 418 711 442 822 3,933 6,767 3,318 6,037 -15.6 -10.8 1919 1919 73 26,451 381 26,591 504 30,301 548 227,990 216,208 4,356 -5.2 +13.6 1919 1913 111 57 110 65 75 6.25 6.25 6.55 1913 210 210 201 201 201 201 4.85 4.85 4.85 1913 153 153 153 153 153 153 0.0 4.25 3.85 4.25 1913 142 142 142 142 142 142 -9.4 17,660 88,565 17,637 124,178 27,766 97,774 193,955 851,430 195,746 786,485 +0.9 -7.6 1909-13 1909-13 197 456 169 383 186 455 215 382 107 347 107 487 -0.1 +40.2 128,772 123,253 107,594 1,682 28,417 117,322 115,427 103,337 1,407 30,288 114,611 114,415 89,495 1,194 23,197 999,609 999,778 739,789 13,106 974,258 961,311 878,394 10,588 -2.5 -3.8 +18.7 -19.2 1919 1919 1913 1913 1919 111 108 584 30 96 100 100 105 102 592 36 100 103 102 630 52 112 107 587 47 119 102 100 564 39 -8.9 -6.3 -4.0 -16.3 +6.6 editions. editions. 456 178 529 142 5,184 1,000 4,672 1,108 -9.9 +10.8 1913 1913 thous. of sq. ft_ thous. of sq. ft. thous. of sq. ft. 295,168 211,686 83,482 315,376 229,575 85,801 301,870 213,177 88,693 2,328,091 2,296,075 1,593,609 1,682,672 734,482 613,403 +5.6 -16.5 -1.4 1922 1922 1922 per cent of normal. per cent of normal. per cent of normal. 72 68 85 78 75 87 75 75 75 4.40 4.40 9,511 52,263 11,493 46,418 +20.8 -11.2 44 +25.6 +9.7 56 117 101 163 95 163 98 163 98 163 0.0 0.0 Leather Products Belting sales: Quality thous. of lbs. value thous. of doi; Boots and shoes: Production thous. of pairs. Exports thous. of pairs. Wholesale pricesMen's black calf, blucher 1 dolls, per pair. Men's dress welt, tan calf St. Louis dolls, per pair. Women's black kid, Goodyear wdt, St. Louis dolls, per pair. -5.2 -6.1 +0.5 +32.3 0.0 PAPER AND PRINTING Wood-pulp Imports Mechanical short tons. Chemical short tons. Newsprint Paper Production Shipments Imports Exports Stocks, end of month: At mills short short short short short tons, tons. tons. tins. tons. 1127 Printing Book publication: American manufacture Imported 72 65 +16.0 -20.2 139 154 111 +6.8 +8.5 +2.2 Paper Boxes Production: Total_. Corrugated Solid fiber Operating activity: Total Corrugated Solid fiber Price index numbers: Finished board— Corrugated Solid fiber raw materials— 85 test liners Chip Straw 138 146 123 133 143 115 126 139 101 113 137 67 130 142 108 +8.3 +10.3 +2.4 ...index number. index number.. 1922 1922 111 118 115 121 103 103 116 102 105 99 104 97 -1.0 -2.0 index numberindex number.. ...index number.. 1922 1922 1922 114 130 125 122 134 125 106 110 105 105 97 119 97 91 108 94 91 111 -3.1 0.0 +2.8 1921 1921 1921-22 146 208 105 142 121 118 132 146 112 134 191 142 146 109 +26.2 121 223 91 +22.5 136 93 +3.4 +1.7 94 113 Other Paper Products Folding boxes, orders per cent of capacity. Labels, orders ...per cent of capacity. Rope paper sacks, shipments, .index number. Abrasive paper and cloth: Domestic sales reams. Foreign sales reams. 612 108.2 81.0 83.0 70.1 92.0 89,961 8,384 93,011 8,529 87,804 10,352 38.4 14,495 43.5 14,237 53.4 13,399 635,438 85,795 636,306 84,661 +0.1 -1.3 1919 1919 136 98 129 113 114 115 100 132 91 1922 1922 111 \ 116 108 I 117 115 85 116 83 115 BUTTONS Fre sh-water pearl buttons: Production --per ct. of capacity. Stocks, end of month thous. of gross. • No quotation. 41 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of the SURVEY ( N O . 30). In many cases March figures are now available and may be found in the special table on page 29 NUMERICAL 1924 January February Corresponding month, January or February, 1923 Per ct. Increase; DATA CUMULATIVE TOTAL FROM JULY 1 THROUGH LATEST MONTH 1922-23 1923-24 or decrease cumulative 1923*24 from 1922-23 Per ct. increasa INDEX NUMBER? BASE YEAR OR PERIOD (+) 19*3 JJUI. Feb. Nov. Dec. Jan. Fob or de* crease (-) Jan. from Dec. GLASS A N D O P T I C A L G O O D S Illuminating glassware: Net orders per ct. of capacity.. Actual production per ct. of capacity.. Shipments billed per ct. of capacity.. Spectacle frames and mountings: Sales (shipments) index number. Unfilled orders (value) index number, BUILDING 41.2 51.5 40.3 51.3 52.7 57.1 68.9 55.7 55.2 •1921 •1921 •1921 116 143 127 112 142 113 +24.5 +2.3 +41.7 1913 1919 472 95 509 +2.2 -7.2 1913 1913 204 207 20* 207 0.0 0.0 CONSTRUCTION Building Costs Building materials: Frame house, 6-room * index number. BuiBrick house, 6-room * index number Building costs (Engineering News Record) index number, Concrete factory costs Aberthaw) index number.. Plumbing fixtures, 6 articles index number 1913 197 205 217 1914 1913 218 220 199 181 200 1K3 225 +2.3 +1.0 0.0 Construction and Losses Building volume index number. Contracts awarded (27 States): Business buildings thous. of sq. ft.. Industrial buildings thous. of sq. ft.. Residential buildings thous. of sq. ft.. Educational buildings thous. of sq. ft.. Other public and semipublic buildings 1(L__. thous .of sq. Grand total... ~ thous. of sq. ft.. Contracts awarded, value (27 States): Business buildings thous. of dolls.. Industrial buildings thous. of dolls.. Residential buildings thous. of dolls.. Educational buildings thous. of dolls.. Other public and semipublic buildings *> thous. of dolls Grand total thous. of dolls.. Fire losses: United States and Canada.thous. of dolls.. Great Britain.. thous. of £ sterling.* 1913 126 105 101 130 -1.5 7,044 5,096 22,668 3,992 57,571 50,066 197,940 29,771 56,830 32,202 231,687 28,089 -1.3 -35.7 +17.0 -5.6 1919 1919 1919 1919 64 35 122 112 76 40 112 208 80 36 151 131 72 24 l 172 134 + 19.7 +25,0 -19.2 2,571 7,961 3,787 28,037 4,838 2,213 49,867 3,152 48,036 2,789 41,611 27,009 362,912 22,771 372,753 -15.7 +2.7 1919 1919 84 83 124 S3 102 93 107 +42.4 92 51 158 140 115 54 193 256 101 4G 224 160 +19.0 -13.5 -18.2 +67.0 101 90 125 103 122 +33.1 -0.8 113 108 184 121 -23.8 6,650 3,029 34,693 -3.7 34,068 19,723 158,521 15,927 40,550 17,057 129,795 26,735 30,999 27,518 101,040 22,108 277,866 251,284 877,416 174,719 275,407 208,123 1,057,163 173,784 -17.2 +20.5 -0.5 1919 1919 1919 1919 14,899 261,320 19,825 259,264 17,781 229,938 190,723 2,103,568 156,093 2,178,479 -18.2 +3.6 1919 1919 41,244 857 31,448 42,771 937 297,416 3,239 239,833 5,388 -19.4 +66.3 1919 1919 3,519,738 3,525,690 3,702,906 3,601,040 3,544,471 3,598,203 +2.3 +0.5 -2.8 419,934 518,974 +15.3 1917 1917 1917 1917 1919 109 123 139 84 140 94 99 103 82 124 109 97 97 31 109 107 112 121 78 109 106 i -0.9 95 — 15. f> 8f» -2S.9 +2.4 80 165 +52.0 1913 220 221 184 192 193 +0.6 4,156,316 +16.1 3,944,389 +16.0 444,753 +50.1 463,229 +333.7 1917 1917 1919 1922 1913 122 156 127 121 212 116 149 146 97 212 160 154 181 413 201 132 235 691 190 135 147 444 604 212 159 164 223 361 212 17.6 +11.5 -49.7 -40.3 0.0 +5.0 1918 1918 1918 99 150 235 117 185 203 185 182 145 106 110 102 103 130 142 118 136 132 +14.7 +5.0 -6.7 71 +124.2 198 +20.6 199 -12.2 Lumber Southern pine: 400.113 447,954 Production (computed) M ft. b. m., 452,214 436,772 419,297 497,038 Shipments (computed) M ft. b. m. 483,339 384,638 541,282 Orders (computed) M ft. b. m. Stocks,endofmo. (computed).M ft. b. m_ 1,068,919 1,094,418 1,118,834 63,296 84,109 55,324 Exports M ft. b. m.. Price,«B"and 50.80 44 54 44.28 ^ better dolls, per M ft. b. m Douglas fir: 403,561 553,749 Production (computed) M ft. b. m— 470,776 480,289 528,681 Shipments (computed) M ft. b. m . . 473,990 36,604 56,019 Exports, lumber M ft. b. m.. I l l , 340 13,990 51,870 86,849 Exports, timber M ft. b. m.. 19.50 19.50 19.50 Price,No.l common.dolls. per M ft. b. nu_ California redwood: 44,367 43,896 38,673 Production (computed) M ft. b. m_. 52r740 38,847 36,997 Shipments (computed) M ft. b. m~ 59,658 33,040 40,773 Orders received (computed)...M ft. b. m.. ahfornia white pine: 22,699 37,163 16,576 Production M ft. b i n . . 44,282 63,171 52,381 Shipments M ft. b. m 367,597 528,127 M ft. b. m - 470,725 W t Stocks Michigan softwood: 5,556 3,990 4,474 Production M ft. b. m._ 5,839 4,705 3,896 Shipments M ft. b. m . . 48,436 39,185 40,127 . Stocks, end of month M ft. b. m.u Michigan hardwood: 15,442 13,261 12,636 Production M ft. b. m.. 13,600 11,723 9,287 Shipments M ft. b. m 68,033 69,065 106.114 Stocks, end of month M ft. b. m~ Western pine: 59,148 Production (computed) M ft. b. m. * 74,101 102,345 116,557 140,747 * 127,838 Shipments (computed) M ft. b. nu 766,391 931,023 XT 5?°£ ks > end o f mo. (computed)..M ft. b. m. r*orth Carolina pine: 41,090 49,784 47,530 Production (computed) M ft. b. m. 48,930 52,325 50,680 Shipments (computed) M ft. b. inNorthern pine: Lumber33,702 36,347 37,552 Production M ft. b. m 42,883 46,406 41,720 Shipments M ft. b. m_. 9,671 8,899 Lath— 8,979 10,845 12,105 9,106 Production thousands. thousands22,320 18,765 Production M ft.b. m 16,523 19,109 Shipments 19f 136 Mft.b.m17,951 • Revised. rthe^nffik 3,578,644 3,399,752 296,303 1068<tt 390,405 372,934 425,532 410,069 344,671 309,535 -27.3 637,311 444,355 797,508 513,269 +25.1 +15.5 1918 1913 1913 53 166 163 43 139 139 181 191 237 104 176 242 164 178 62,368 65,505 63,811 51,134 +2.3 -21.9 1917 1917 1917 42 37 44 32 33 46 29 39 44 34 34 44 28 22 38 23 27 37 -10.8 +20.8 -2.3 110,550 118,924 115,404 106,032 +4.4 -10.8 1917 1917 1917 65 55 48 56 43 47 49 50 40 33 30 31 43 37 37 +4.9 +26.2 -1.5 995,729 1,031,079 1,114,197 1,004,689 +11.9 -2.6 1917 1917 1920 59 117 94 54 106 87 134 109 123 81 101 119 68 116 110 94 126 106 +33.1 +10.1 -3.7 405,461 438,014 393,253 378,945 -3.0 -13.5 1919 1919 120 134 120 152 153 165 124 138 139 157 145 163 +4.7 +3.2 340,647 419,347 383,712 355,159 +12.6 -15.3 1920 1920 55 70 66 83 90 93 -3.3 +11.2 97,518 103,451 95,877 91,862 -1.7 -11.2 1920 1920 72 90 94 143 93 190 -0.9 +32.9 50 50 44 49 -7.6 94 135 101 171 190,585 186,370 -2.2 1913 210;002 184,277 -12.2 1913 • 12 months' average M a y to April, inclusive. 54 113 +13.5 +6.6 42 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (•) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these Items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of tho SURVEY (NO. 30). In many cases March figures are now available and may be found in the special table on page 29 Perct increase NUMERICAL DATA January Feb. ruary Corresponding month, January or February, 1923 or deCUMULATIVE TOTAL FROM JULY 1 THROUGH LATEST MONTH 1922-28 1923-24 BUILDING CONSTRUCTION—Contd. Lumber—Continued Northern hardwood: 272,813 224,276 51,576 43,938 43,525 Production M ft. b. m. 304,642 303,065 28,823 35,592 Shipments M ft. b . m. 28,319 Walnut lumber: 2,028 14,057 20,779 2,702 2,561 Production M ft. b. m. 19,742 17,594 2,410 3,568 3,088 Shipments. M ft. b. m8,646 7,819 8,351 Stocks M ft. b. mWalnut logs: 2,337 18,522 13,127 2,383 2,308 Purchases M ft. log measure. Made into lumber and 1,582 2,235 11,699 17,322 2,122 veneer M ft. log measure2,412 3,634 3,782 StocksM ft. log measure. All lumber: 12,020,775 18,473,838 19,790,799 Production, 10 species M ft. b. m. '2,229,295 12,425,712 132,634 949,832 1 1,267,996 218,557 1 159,215 Exports, planks, joists, e t c — M ft. b. m. 3,753 98,403 -4,413 3,164 82,155 Retail sales, Minneapolis M ft. b. m. 11 Composite lumber prices: 48.52 45.30 43.71 Hardwoods dolls, per M ft. b. m. 36.12 32.80 32.36 Softwoods dolls, per M ft. b. m. Wooden Furniture * 34,282 Shipments dolls., average per firm. 30,596 52,964 b 68,575 "Unfilled orders dolls., average per firm. ( cumulative 1923-24 from 1922-23 Per ct. increase INDEX NUMBERS BASE TEAE OB PERIOD 1923 1924 Jan. I Feb. I! Nov. j Dec. Jan. or decrease Feb. Jan. from Dec. +21.6 -0.5 1913 1913 148 149 155 114 90 168 114 158 154 112 182 142 +18.5 +25.7 +47.8 +12.2 1922 1922 1922 124 128 84 112 125 82 167 136 151 107 90 142 160 85 150 185 77 +5.5 +15.5 -9.6 +41.1 1922 168 160 179 177 +3.2 1922 1922 150 94 119 116 176 187 157 212 158 C 160 174 163 +48.1 168 181 +5.3 +7.1 +33.5 -16.5 1913 1909-13 1919 102 73 32 112 82 67 94 96 31 101 123 23 110 89 17 +8.8 -27.2 -28.3 1921 1920 115 71 104 63 104 64 105 66 109 65 +3.6 -1.3 -3.7 -2.1 -31.9 -1.0 -6.2 116 73 1920 1920 +4.1 41 36 Flooring Oak flooring: Production M ft. b. m._ Shipments M ft. b. m._ Orders booked M ft. b. m . . Stocks, end of month M ft. b. m . . Unfilled orders, end of month.M ft. b. m._ Maple flooring: Production M ft. b. m._ Shipments... M ft. b. m_. Orders booked M ft. b. m._ Stocks, end of month M ft. b. m__ Unfilled orders, end of month.M ft. b. m__ Brick Clay fire brick (computed): Production thousands.. Shipments thousands.. Stocks, end of month thousands.. New orders thousands.. Unfilled orders thousands.. Silica brick (computed): Production thousands.. Shipments thousands.. Stocks, end of month thousands.. Face brick (32 identical plants): Production thousands.. Stocks on yards " thousands.. Unfilled orders thousands.. Shipments thousands.. Paving brick: ProductionActual.thousands.. Relation to capacity per cent.. Shipments _. thousands.. Stocks/end of month thousands. _ Orders received thousands.. Cancellations thousandsUnfilled orders, end of month..thousands.. Prices, common brick: Wholesale, red, New York dolls, per thous.. Cement Production thous. of bbls_. Shipments thous. ofbbls.. Stocks, end of month thous. of bbls._ Price, Portland: Chicago district dolls, per b b L . Lehigh Valley dolls, per bbL. Concrete paving contracts: Total thous. of sq. yds.. Roads „ thous. of sq. y d s . . Kooflng Preparing roofing: Shipments tbous. of roof squares.. Roofing felt: Production, dry felt. tons StocksTotal „ tons . Dry felt tons!. Receipts: . Rags..... tons.. 30,136 31,080 42,141 38,595 56,554 29,033 30,441 28,688 38,222 53,052 24,421 25,031 33,458 25,301 56,936 204,206 206,289 210,087 236,586 231,754 250,295 +15.9 +12.3 +19.1 1913 1913 1913 1913 1913 412 402 494 283 695 366 417 548 281 785 459 477 494 461 520 390 457 620 457 658 451 517 690 428 780 435 507 470 425 732 10,225 8,109 14,736 21,831 18,655 9,752 8,698 8,653 22,747 19,534 11,333 11,354 16,033 25,539 40,200 101,106 102,301 113,151 89,194 79,302 73,623 -11.8 -22.5 -34.9 1919 1919 1919 1919 1919 139 112 173 162 94 113 96 113 165 105 118 83 64 143 40 116 75 73 157 40 102 68 104 141 49 97 7a +7.3 61 147 51 -41.3 56,347 54,111 198,315 66,080 59,511 57,594 201,755 67,616 79,600 56,094 53,323 163,392 67,153 88,736 435,066 426,880 456,607 433,031 +5.0 +1.4 465,438 +2.1 128 114 118 126 111 105 118 131 95 107 97 133 87 64 92 95 132 92 63 111 107 143 128 74 117 114 145 131 85 +5.6 +6.4 455,979 1919 1919 1919 1919 1919 +1.7 +2.3 +14.0 13,400 15,391 42,298 17,355 18,247 41,407 14,541 14,417 45,501 105,981 99,728 98,606 -10.0 -1.1 1919 1919 1919 102 102 111 103 103 109 61 105 43 61 99 95 110 101 123 130 +29.5 +18.6 17,366 61,575 33,592 11,231 19,284 67,997 40,524 15,363 16,012 70,751 51,296 13,660 183,468 179,111 -2.4 159,983 147,266 -7.9 1919 1919 1919 "1920 138 200 105 128 134 229 93 91 I 1 50 122 80 123 276 147 110 +11.0 +10.4 +20.6 +36.8 19,664 37 9,491 91,737 6,834 1,164 51,419 19,571 45 6,442 102,498 11,136 110 55,482 20.00 20.00 20.00 8,788 5,210 14,155 8,588 5,933 16,811 8,210 6,090 13,596 1.72 1.75 1.75 1.75 1.75 1.90 4,013 2,613 4,562 3,421 6,272 4,725 42,811 29,765 48,145 36,447 20,182 20,868 129 191 149 137 +4.2 +4.7 -2.1 -as +21.6 -32.1 +11.7 +62.0 +7.9 83,152 80,252 92,022 84,468 1913 305 305 274 290 305 305 0.0 1913 1913 1913 104 76 102 107 82 121 164 139 62 130 87 94 115 70 126 12 80 150 -2.3 +13.9 +18.8 1913 1913 158 214 173 214 166 200 163 197 170 197 173 197 +1.7 0.0 +12.5 +2.3 1919 1919 141 138 120 62 106 103 90 76 102 100 +13.7 +30.9 +3.4 1919 92 114 140 +22.5 +10.9 +5.4 -IB. I +107 +5.3 2,380 2,915 1,952 14,662 16,263 14,495 1923 12,385 1,982 13,057 lf623 11,889 1,906 1923 1923 106 122 16,438 6,602 1,053 14,003 5,225 2,229 13,514 5,548 2,331 1923 1923 98 91 105 Japertons... S0 cia1 r e l i g i o u s a n d "Miscellaneous Pric^Se^ver^s S ? ^ ? ^ ^ 'tons..! * ' ' memorial buildings forme 1 sported aa o f t h e first w e e k o f t h e "<* Revised. IteuraSntiKSSfnfflSewS??? ? 5 ., followingmonth ' r i C k O 1 1 y a r d S a n d d 0 6 S DOt i n C l U d e f o r m e d b r i k i n k i &d January, We to 3 ? p S S1923. fo^ P t°e™ i923 ' ^ «• *P*ted prior to September, 1923. " Ten months' average, March to December, inclusive. 102 208 186 -4.6 124 95 206 100 93 91 101 81 87 $5 101 82 106 67 104 69 74 111 84 71 107 113 91 -14.8 89 -20.9 197 +111.7 Current data therefore are n 43 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) have not been published previously in the SUEVET or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of the SURVEY ( N O . 30). In many cases March figures are now available and may be found in the special table on page 29 NUMERICAL 1924 Corresponding month, January or February, 1923 Per ct. increase ( DATA CUMULATIVE TOTAL FROM JULY 1 THROUGH LATEST MONTH t> or decrease <-) cumulative 1923-24 from 1922-23 BASE TEAR OR PERIOD 1919 1919 1919 248 96 191 1919 1919 1919 January February number.. number-. number.. 84,684 46,570 107,494 88,841 52,581 137,246 82,912 40,124 129,847 626,497 695,435 +11.0 786,598 731,994 -6.9 number.. number.. number.. 117,011 90,272 125,273 121,878 98,668 148,414 83,469 56,543 156,033 710,283 925,431 +30.3 963,006 874,297 -9.2 number,numbernumber.. 126,088 90,003 145,977 128,036 90,509 155,156 99,085 59,806 167,607 786,249 929,036 +18.2 1,078,406 945,778 -12.3 number., numbernumber.. 62,640 57,333 76,800 63,856 57,817 93,785 44,766 49,367 75,431 361,726 474,850 +31.3 number.. number., 211,674 704,194 228,235 756,311 291,549 997,126 1922-23 1923-24 INDEX Tor ct • increase NUMBERS 1928 or decrease 1924 l eb. from, Dec. 240 95 186 257 125 196 +4.P +12.9 +27.7 199 43 232 182 40 212 266 71 202 +4.2 +9.3 +18.5 1919 1919 1919 214 47 223 182 48 190 235 72 176 1919 1919 1919 188 72 223 158 62 180 225 72 224 +1.6 +0.6 +6.3 +1.9 +0.8 +22.1 » 1921 i< 1921 609 642 714 771 559 585 Jan. Feb. Nov. Dec. Jan. BUILDING CONSTRUCTION—Contd. Sanitary Ware Baths, enamel: Orders s h i p p e d . . : ' Stocks... Orders received Lavatories, enamel: • 1 Orders shipped Stocks Orders received..! Sinks, enamel: Orders shipped Stocks Orders received Miscellaneous, enamel: Orders shipped Stocks Orders received Unfilled orders: Baths ' . Small w a r e . . "-5A ""5247644* f" CHEMICALS Acetate of lime: , ,. 13,470 13,420 13,173 Production . . . . t h o u s . of lbs.. 9,022 8,548 13,635 Shipments or use thous. of lbs.. 23,402 27,494 14,499 Stocks, end of month thous. of lbs.. Methanol: . 689,503 730,590 Production gallons.. 705,747 667,929 Shipments or u s e . — . . . . gallons.. 642,812 681,057 Stocks, end of m o n t h . . . , gallons.. 2,632,633 2,618,339 2,044,429 Wood at chemical plants: 73,541 81,912 78,892 Consumption (carbonized) cords., Stocks, end of month cords.. 786,174 794,856 796,541 Imports: 24,929 17,050 25,878 • Potash long tons.. 86,302 159,275 149,603 Nitrate of soda long tons. Exports: 439 849 570 Sulphuric acid thous. of l b s . 637 516 529 Dyes and dyestuffs. thous. of dolls.. 86,942 72,424 85,200 Total fertilizer long tons.. Price index numbers: Crude drugs ..Index n u m b e r . _ Essential oils index n u m b e r . . Drugs and Pharmaceuticals index number., Chemicals weighted index number., Price, sulphuric acid 66° N . Y..index number.. +7.8 103,880 85,472 +2.3 -30.7 1922 1922 1922 151 119 129 100 40 113 89 52 5,490,959 5,324,694 6,403,944 5,220,809 -3.0 -18.5 1922 1922 1922 157 136 73 129 105 74 110 119 94 -1.8 -5.3 +17.5 -2.3 +5.9 -0.5 627,267 - 595,567 -5.1 1922 1922 153 86 127 84 105 89 -6.8 +1,1 156,359 540,285 165,708 650,278 +6.0 +20.4 1909-13 1909-13 110 253 81 200 115 203 -3.7 -6.1 4,887 3,623 579,282 5,894 4,293 717,640 +20.6 +18.5 +23.9 1909-13 1909-13 1909-13 71 156 1,383 1,784 70 66 59 ,430 SO +48.9 +20.4 -5.3 -2.8 +2.0 101,551 123,408 Aug.,'14 Aug.,'14 208 124 125 305 144 Aug.,'14 1913 1913 135 173 70 132 176 70 149 165 75 125 +2.0 -0.6 -2,7 NAVAL S T O R E S Turpentine (3 principal ports): Net receipts1 Stocks..... n Rosin (3 principal ports): Net receipts Stocks •_ +15.7 -17.8 barrels— barrels.. 10,788 41,545 12,478 34,148 . 5,914 29,238 190,560 231,042 +21.2 1919-20 1919-20 barrelsbarrels- 61,971 306,606 50,620 261,109 46,644 282,610 715,802 832,844 +16.4 1919-20 1919-20 122 83 141 thous. of lbs.. thous. of lbs.. 4,735 79,742 3,827 106,658 6,619 54,798 56,209 394,327 33,234 424,860 1913 1913 32 295 23 256 13 499 thous. of lbsthous. of lbs._ 22,148 23,841 23,616 & 20,378 19,722 117,965 139,147 135,211 162,093 -40.9 +7.7 +14.0 +16.5 1913 1913 168 174 154 166 199 ! tons.. 577,693 385,716 305,096 1919 103 ! 128,518 100,189 .101 86,959 100,551 .109 100 I 867,563 -5.8 1919 1919 1913 -18.3 -14.8 F A T S A N D OILS Total vegetable oils: Exports Imports Oleomargarine: Production Consumption Cottonseed Cottonseed stocks Cottonseed oil: Stocks Production Price, New York Eeceip Minneapolis thous. of lbs.. 136,348 thous. of lbs.. 121,148 .110 dolls, per lb.. 816,975 -19.2 +33.8 -0.9 60 155 144 113 75 \ - 3 3 . 2 130 i 91 149 | 150 145 164 162 146 116 151 142 110 152 134 I1 - 5 . 7 91 'I - 1 7 , 3 139 j1 - 8 . 2 Flaxseed Minneapolis StocS? Minneapolis thous. of b u s h s thous. of b u s h s . . 403 159 235 102 257 43 4,190 3,407 8,593 +105.1 6,445 +89.2 1913 1913 50 13 133 148 87 59 25 I - 4 1 . 7 10 i - 3 5 . 8 thous. of bushs.. thous. of bushs.. thous. of bushs.. 137 199 134 218 58 35 977 3,181 1,494 4,503 +5Z9 +41.6 1913 1913 79 33 162 64 100 82 86 I - 2 . 2 20 ' + 9 . 5 410 304 283 173 1913 1913 5 3 329 23 205 40 1913 66 103 th0US Of bU5hs S? ' ^ ^ J ^ " s.thous. oflbs.. Shipments from Minneapolis.thous. of lbs.. « Revised. 13,754 & 10,051 24,652 t January, 1923 & 17,371 65,290 94,251 90,435 +38.5 5S 15 101 88 144,749 +53.6 81 u Eight months' average, M a y to December, inclusive. 1913 176 11 12X , - 3 1 . 0 6 . -43.1 TREND OF BUSINESS MOVEMENTS—Continued :NOTE.—Items marked with an asterisk (*) N U M E R I C A L DATA have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these CUMULATIVE TOTAL Correitems will be found at the end of this bulletin. FROM JULY 1 sponding 1924 For detailed tables covering other items, see THROUGH LATEST month, last quarterly issue of the SURVEY ( N O . 30). MONTH January In many case* March figures are now or Febavailable and may be found in the special January February, 1922-23 1923-24 table on page 29 1923 ruary FOODSTUFFS Wheat Exports, including flour thous. of bushs.. Visible supply thous. of busbs.. Receipts, principal markets...thous. of bushs.. Shipments, prin. markets thous. of bushs.. Wheat flour: Production thous. of bbls.. Consumption thous. of bbls.. Stocks thous. of bbls.. Prices: No. 1, northern, Chicago..dolls, per bush., No. 2, red winter, Chicago.dolls, per bush.. Flour, standard patents, Minneapolis dolls, per bbl.. Flour, winter straights, Kansas City dolls, per bbl. Corn Exports, including meal thous. of bushs. Visible supply thous. of busbs. Receipts, principal markets, .thous. of bushs. -Shipments, prin. markets thous. of bushs. •Grindings (starch, glucose)...thous. of bushs. Prices, contract grades, No. 2, Chicago dolls, per bush. 12,201 194,616 15,875 11,200 oll,000 <»9,299 a 7,150 10,019 194,500 19,803 10,616 12,197 135,697 21,618 10,740 10,286 8,711 7,200 9,425 7,984 7,700 173,701 121,226 Per ct. or decrease cumulative 1923-24 from 1922-23 -3a 2 353,270 211,871 286,195 144,746 -19.0 -31.7 92,740 80,591 90,568 .78,942 -2.3 -2.0 Per ct. Increase INDEX NUMBERS BASE YEAR OB PERIOD 1923 1924 Jan. Feb. Nov. Dec. Jan. <•$ or decrease Feb. from Dec. 1913 1913 1919 1919 105 274 119 95 102 264 69 54 102 361 118 88 109 387 90 83 102 379 50 56 84 388 63 +24.7 53 -5.2 1914 1919 1919 104 114 78 97 98 82 119 127 84 111 132 75 113 114 76 106 107 76 -6.5 -6.3 131 128 136 138 120 108 122 110 124 112 129 114 +3.6 +1.9 -17.9 -0.1 +0.7 1.133 1.106 1.174 1.127 1.244 1.360 1913 1913 6.195 6.306 6.713 1913 145 146 132 133 135 138 +1.8 5.250 5.350 5.569 1913 145 145 136 133 137 139 +1.9 3,106 10,513 30,600 19,648 6,758 3,542 20,534 43,442 21,213 7,152 8,894 29,877 31,287 16,533 5,336 1913 1913 1919 1919 1913 175 263 250 255 132 211 356 209 187 127 74 125 204 222 161 84 243 290 240 170 +15.9 +95.3 +42.0 +8.0 +5.8 .759 .797 .737 1913 114 118 121 128 +5.0 16,208 17,539 18,778 17,741 485 16,023 27,683 966 191S 1913 1913 109 177 16 77 159 32 97 114 37 78 101 21 91 102 16 +14.0 +1.2 .474 .493 .457 1913 117 122 US 120 126 131 +4.0 299 2,916 613 3,381 1,191 2,556 82 28 18 50 20 32 42 27 +105.0 +15.9 .705 .740 107 105 110 113 118 +5.0 1,807 821 .725 1,938 402 .720 4,749 5,974 .864 367 555 2,229 3,854 136 137 273 633 111 157 774 110 140 530 114 150 259 113 -5L0 -0.7 17,066 15,061 29,222 82 73 -11.7 75,749 14,178 -81.3 248,364 157,376 45,611 208,829 114,685 46,625 -15.9 -27.1 4-2.2 Other Grains -Oats: Receipts, principal markets thous. of bushs.. Visible supply thous. of bushs. Exports, including meal..thous.of bushs. Prices, contract grades, Chicago dols. per bush. Barley: Receipts, principal markets thous. of bush. Exports thous. of bush. Price, fair to good, malting, Chicago dolls, per bush. Receipts, principal markets thous. of bushs. _ Exports, including flour..thous. of bushs.. Price, No. % Chicago dolls, per bush.. 171,364 15,393 30,743 172,993 +1.0 7,499 -64.~7 8,424 36,945 -45.3 +20.2 1913 1913 1913 62,241 39,514 104 -24.1 +7.2 23,388 11,659 -62.4 -70.5 1913 1913 1913 162,986 -49.9 1913 118 141 75 598 +7. 42,720 -26.8 68,070 -19.6 15,187 +32.6 16,688 -37.7 1913 1913 1913 1913 1913 97 140 80 141 241 56 382 29 101 196 82 49 38 51 24 59 27 40 28 36 97 21 19 88 202 1913 1913 1914 172 46 275 200 23 357 114 92 110 157 57 30 243 29 495 357 17 714 +47.1 140.0 +44.4 Total Grains Total grain exports, incl. flour.thous. of bushs.. Argentlne Grain Exports: Wheat flour thous. of bbls., Wheat thous. of bushs.. Corn thous. of bushs.. Oats thous. of bushs.. Flaxseed thous. of bushs.. "Visible supply: Wheat thous. of bushs., Corn thous. of bushs.. Flaxseed thous. of bushs.. 114 & 12,038 & 12,593 &7,216 &8,027 113 1,801 3,071 4,478 6,732 557 58,362 84,673 11,451 26,784 6,290 1,000 3,600 9,250 600 5,200 5,180 800 1,076 580 392 7,689 6,980 -9.2 1919 156 64 314 158 176 95 -46.1 1,105 927 562 6,807 6,430 -5.5 1919 166 92 202 134 181 151 -16.1 229 203 309 2,514 1,602 -36.3 1919 136 121 121 80 90 2,600 Other Oops ;Eice: Receipts at mills thous. of bbls.. Shipments— Total from mills thous. of pockets,. Through New Orleans thous. of pockets.. Stocks, end of month, at mills thous. of pockets.. Imports pockets (100lbs.).. Exports pockets (100 lbs.)..Apples: Cold-storage holdings (1st of following month)..thous. of bbls.. Car-lot shipments carloads.. Potatoes, car-lot shipments carloads.. Onions, car-lot shipments carloads.. -Citrus fruit, car-lot shipments carloads.. Hay, receipts tonsl. Cattle and Beef -Cattle movement, primary market: Receipts thousands.. Shipments, total thousands . Shipments, stocker and feeder-thousands" Slaughter thousands" .Beef products: Inspected slaughter produc.thous. of lbs . Apparent consumption thous. of l b s . . Exports . thous. of lbs Cold-storage holdings, (end of month) thous. of l b s . . 442,058 2,413,511 180,337 1,782,945 -49.2 -26.1 1919 1919 1919 281 88 151 251 29 106 214 20 59 248 21 108 249 33 97 207 23 56 1,398 10,665 69,014 49,671 114,686 157,165 20,833 59,557 683,522 +25.6 +2.0 +7.4 +19.9 +7.5 310 120 107 110 198 223 92 90 80 198 57 582 371 129 151 207 75 556 114 76 97 198 63 452 117 127 139 180 83 -23.9 91,312 154,083 1919 1919 1919 1919 1919 1919 344 6,257 13,481 118 132 120 217 86 +0.4 +4.6 JlS.2 +2<U +3.6 1,457 540 170 915 •1,427 •560 210 •871 16,746 8,047 3,744 8,606 16,544 7,509 3,509 8,943 -1.2 -6.7 -6.3 +3.9 1919 1919 1919 1919 91 85 64 95 48 76 106 127 142 97 88 88 SO 89 92 SO 55 101 71 60 39 80 -22-7 -242 -30.0 -20. S 373,733 11,669 366,801 368,908 11,415 3,455,843 3,318,084 105,329 3,540,705 3,394,147 104,759 +2.5 +2.3 -0.5 1913 1919 1913 125' 94 92 107 83 84 135 95 120 87 70 133 100 73 111 84 86 -16.4 -16.8 +17.9 97,874 100,591 1919 48 42 39 45 43 41 2,019 44,876 303,950 1,680 31,868 177,314 •2,039 39,836 334,215 •7,843 7,961 18,983 2,411 9,735 100,367 5,966 7,995 19,862 2,092 11,693 103,963 3,877 1,884 712 243 1,155 455,902 449,003 102,655 Revised -11.4 -16.8 -29.0 -41.7 6 January, 1923 -4.7 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) N U M E R I C A L DATA have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these CUMULATIVE TOTAL Correitems will be found at the end of this bulletin. FROM JULY 1 sponding 1924 For detailed tables covering other items, see THROUGH LATEST month, last quarterly issue of the SURVEY ( N O . 30). MONTH January or FebIn many cases March figures are now ruary, available and may be found in the special January Feb1922-28 1923-24 1923 table on page 29 ruary Per ct. increase orde* crease cumulative 1923-24 from 1922-23 INDEX BASE YEAR OR PERIOD Per ct. in crease NUMBERS 1924 1928 or decrease Jan. Feb. Nov. Dec. Jan. Feb, Jan. from Dec. FOODSTUFFS—Continued Cattle a n d Beef—Continued Prices, Chicago: Cattle, corn-fed dolls, per 100 lbs.. Beef, fresh native steers.dolls. per 100 lbs.. Beef, steer rounds, No. 2_dolls. per 100 lbs.. 9,469 17.00 13.90 9.706 17.00 14.60 9.356 14,80 13.80 5,335 •4,492 • 1,670 64 1913 1913 1913 110 114 105 116 135 104 114 131 111 +43 +2.5 0.0 Hogs a n d Fork Hog movement, primary markets: 6,253 Receipts, primary markets thousands.. 2,198 Shipments, primary markets..thousands.. 50 Shipments, stocker and feeder-thousands.. 4,016 Slaughter _ thousands.. Pork products, total: Inspected slaughter p r o d u c . thous. of lbs.. 980,793 Apparent consumption thous. of lbs.. 657,931 Exports thous, of lbs.. 224,660 Cold-storage holdings, (end of month) thous. of lbs.. 855,020 Lard: • Production thous. of lbs.. >227,689 Exports thous. of lbs.. 132,768 Cold-storage holdings, on end 56,161 of month thous. of lbs.. Prices . 7,231 Hogs, heavy, Chicago...dolls, per 100 lbs.. 19.30 Hams, smoked, Chicago.dolls, per 100 lbs..128 Lard, prime contract, N . Y.*.dolls, per lb_. •2,820 31,984 11,263 376 20,688 39,143 13,958 512 25,159 +22.4 +23.9 +36.2 +21.6 1919 1919 1919 1919 120 140 85 111 145 149 93 144 167 184 C7 158 143 178 63 127 -3.3 -6.0 -19.6- 847,265 568,283 752,492 491,156 163,745 5,378,754 4,410,625 1,147,458 6,304,703 5,005,038 1,396,439 +17.2 + 13.5 +21.7 1913 1919 1913 156 175 200 182 231 194 203 235 274 175 203 232 -13.6 -2.2 946,788 842,781 188,308 99,910 168,557 89,055 1,105,144 600,175 1,311,835 718,741 68,557 59,101 4l» 3,227 +18.7 +19.8 1919 92 67 93 103 +10.7 1919 1919 180 140 174 117 259 209 214 158 -17.3 -24.7 1919 72 38 74 +22.1 85 126 128 86 110 116 85 111 100 -15,1 -4.7 -8.6 60 53 29 67 75 64 26 87 C2 57 IS 69 -16.8-10.3 -28.9 -21.2" 66 81 C9 -14.9 28 20 -5.7 153 171 180 187 +17.2 +9.2 90 103 59 85 7J 60 +19.7 -22.7 -27.6 04 122 107 1913 1913 1913 7,075 18.40 .117 7,838 20.30 .118 1,697 773 149 920 1,412 693 106 725 646 169 708 16,048 8,658 3,579 7,355 16,036 9,035 3,864 6,973 -0.1 +4.4 +8.0 -5.2 1919 1919 1919 1919 42,555 36,197 34,831 294,820 293,839 -0.3 1913 «*2,306 2,175 5,758 1919 7.188 13,325 8.425 14. 550 6.719 14. 613 1913 1913 10,259 » 52,627 12,277 »40,678 11,647 27,070 116,930 37,915 27,447 23,619 256,981 Sheep a n d M u t t o n Sheep movement, primary markets: Receipts, primary markets thousands.. Shipments, primary markets..thousands.. Shipments, stocker and feeder-thousands.. Slaughter thousands.. Lamb and mutton: Inspected slaughter produc.-thous. of lbs_. Cold storage holdings, (end of month) thous. of lbs., Prices: Sheep, ewes, Chicago....dolls, per 100 lbs., Sheep, lambs, Chicago ..dolls, per 100 lbs.. 72 143 ' 121 188 | 158 Fish Total catch, prin. fishing ports..thous. of lbs.. Cold-storage holdings, 15th of mo.thous. of lbs.. 132,387 67: +13.2 1919 1919 +8.9 1919 292 191 139 1919 95 149 141 -6.O- 94 31 85 47 69 30 -9.0 +37.5 +13.2 +12.8 +40.1 44 I - Poultry Receipts at five markets Cold-storage holdings (end of month) thous. of lbs. 279,779 •99,486 93,528 113,503 191,313 154,869 21,028 • 79,772 12,719 91,497 160,415 +75.3 1920 1919 42,615 14,399 713 48,260 16,243 999 40,662 12,575 1,025 409,031 135,044 6,961 405,568 148,950 7,232 -0.8 +10.3 +3.9 1919 1919 1919 105 79 72 90 104 48 93 88 60 105 100 S4 •15,246 -40,606 500 9,837 35,223 8,910 20,693 13 1916-20 1916-20 1916-20 29 72 6 91 148 109 27 109 14 17 95 1 -35.5 -13.0 -91.2" .519 .225 .499 .221 .492 .249 1919 1919 85 83 86 80 88 73 84 71 -3.9 -1.8 14,684 •2,362 2,237 614,357 2,002 112 158 150 -5.3 long tons., "...long tons., 230,919 •228,670 409,553 426,927 245,907 342,715 . . J o n g tons., long tons. "79,208 3,499 131,689 7,181 124,164 29,438 long tons., 22,262 1,769 1,506 .072 .087 .062 .073 736,588 527,741 437,958 681,939 474,764 460,009 thous. of lbs. Dairy Products Condensed and evaporated milk: Stocks thous. of lbs.. Eiports thous. of lbs.. Receipts at five markets: Butter thous. of lbs., Cheese thous. of lbs., _ Eggs thous. of cases., Cold-storage holdings (end of month): Creamery butter thous. of lbs. American cheese thous. of l b s . Case eggs thous. of cases.. Wholesale prices at five markets: Butter dolls, per l b . Cheese _.dolls. per l b . Fluid milk: ReceiptsBoston (includ. cream)..thous. of q t s . Greater New York thous. of cans. S U 8 Raw: " Imports Meltings, 8 ports Stocks at refineries, end of month Refined, exports Cane, domestic: ^ Receipts at New Orleans Wholesale, 96° centrifugal, N. Y dolls, perlb., wholesale, refined, N . Y dolls, per l b . Retail, average 51 cities index number., ^uDan movement: Receipts at Cuban ports long tons., Exports long tons., Stocks, end of month long tons., * .067 .084 548,358 341,821 240,622 Revised. 113 156 107,184 20,071 +3.5 +13.5 1910 1913 110 145 100 134 2,112,023 1,809,069 2,793,732 2,372,218 -14.3 -15.1 1913 1919 137 77 140 105 131 70 233 131 +77.4 +86.7 188,473 28,463 -84.9 1919 1909-13 84 160 130 997 83 118 138 243 +66.3 +105.2. 129,931 154,972 +19.3 1913 209 1913 1913 1913 151 158 151 170 171 158 1919 1919 1919 152 95 43 207 146 71 103,587 17,681 1,946,413 2,359,841 1,607,189 1,713,849 -17.4 -27.4 b January. 1923. -92.1 234 408 138 11 208 203 18' 209 207 189 192 196 185 207 204 187 +7.5+3.6 +1.1 8 1 3 166 105 37 223 162 68 +34.3 +54.4 +82.0- 46 TREND OP BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) have not been published previously in the SUEVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of the SURVEY ( N O . 30). Per ct. increase! NUMERICAL DATA mary Corresponding month, January or February, 1923 1924 In many cases March figures are now available and may be found in the special table on page 29 or crease CUMULATIVE TOTAL FROM JULY 1 THROUGH LATEST MONTH 1922-23 (-) cumulative 1923-a from 1922-23 1923-24 INDEX Per ct. in- NUMBERS IIT+T BASE YEAR OB 1923 1924 orde- PERIOD Jan. Feb. Nov. Dec, Jan. Feb. Jan. from Dec. FOODSTUFFS—Continued Coffee Imports Visible supply: World United States Receipts, total, Brazil Clearances: Total, Brazil, for world Total, Brazil, for U. S fibs.. 137,397 109,994 131,975 thous. of bags.. thous. of bags.. thous. of bags.. ; thous. of bags.. thous. of bags.. thous. 4,198 670 1,235 4,183 571 1,054 7,491 1,090 889 7,606 1,134 505 1,297 635 1,187 828 thous. of l b s . . 7F831 5,185 853,684 +12.0 1909-13 153 174 218 189 182 145 9,522 +25.2 1913 1913 1913 65 45 105 63 59 93 40 48 125 36 39 127 37 129 ! -10.3 31 -14.8 110 -14.7 8,924 4,879 10,882 5,644 +21.9 +15.7 1913 1913 124 176 120 211 138 190 130 192 115 128 131 162 +14.4 +25.7 5,376 76,025 85,380 +12.3 1909-13 106 149 167 95 •63 -33.8 507 4,623 4,854 39,715 4,661 44,444 -4.0 +11.9 1913 1913 89 413 89 357 103 414 78 342 79 374 -1.0 -22.4 956,158 -2a 0 Tea Imports. 65 TOBACCO Consumption (tax-paid withdrawals): Large cigars millions.. Small cigarettes millions.. Manufactured tobacco and snuff thous. of l b s . . Exports: Unmanufactured leaf. thous. of l b s . . Cigarettes millions.. Sales at loose-leaf warehouses thous. of l b s . . Price, wholesale, Burley good leaf, dark red, Louisville dolls, per 100 lbs! 504 6,257 80 483 38,191 35,353 32,611 279,687 273,228 -2.2 1913 100 88 90 71 103 96 -7.4 50,528 990 76,989 42,59C 662 48,01S 26,740 762 . 297,866 7,361 410,061 368,993 8,160 508,726 +23.9 +10.9 +24.1 1909-13 1913 1919 133 470 70 85 394 43 171 496 120 177 554 115 161 512 94 136 342 58 -15.7 -33.1 -37.6 28.00 28. OC 27.50 1913 208 208 212 212 212 212 0.0 2,427 1,402 2,244 1,351 507 1,563 959 376 1915 1915 1915 1919 384 526 205 151 545 785 261 166 613 7S6 340 173 778 322 173 551 741 277 -7.5 -3,6 -14.1 1919 608 610 593 941 .919 -2.4 217 164 82 112 +36.3 87 130 72 127 232 89 125 224 69 97 151 78 96 128 84 -1.7 -15.1 +7.6 TEANSPOETATION River a n d Canal Cargo Traffic Panama Canal: Total cargo traffic thous. of long In American vessels...thous. of long In British vessels thous. of long Suez Canal thous. of metric Mississippi Elver: Government barge line Ohio River, Pittsburgh, Pa, to Wheeling, W. Va short tons.. tons.. tons.. tons.. tons.. tons.. Ocean Transportation Entrance, vessels in foreign trade: Total thous. of net tons.. American thous. of net tons..j Foreign thous. of net tons.. Clearances, vessels in foreign trade: Total thous. of net tons.. American thous. of net tons.. Foreign thous. of net tons..] Freight rates, Atlantic ports to: United Kingdom-weighted [gdom.weighted iindex number.. All Europe weighted index number.. 590 2,017 U81 +64.2 +108.8 +24.1 +7.9 314,608 501,930 +59.5 3,175,403 4,417,724 +39.1 11,078 5,504 3,112 12,520 18,187 11,492 3,861 13,508 80,229 53,086 335,451 201,830 4,325 1,774 2,551 4,250 1,505 2,745 3,878 1,527 2,352 45,469 21,623 23,747 44,784 18,484 26,301 -1.5 -14.5 +10.8 1913 1913 1913 4,635 1,817 2,818 4,600 1,917 2,683 4,113 1,587 2,526 44,817 21,402 23,413 45,659 19,159 26,500 +1.9 -10.5 +13.2 1913 1913 1913 102 150 83 92 127 78 130 231 92 111 179 84 103 145 87 103 153 +0.8 +5.5 -4.8 1920 1920 25.3 22.9 21.8 21.1 28.6 25.1 27.8 25.1 27.5 24.9 29.9 25.1 -8.7 -0.8 91 82,179 246,033 1922 Freight Cars Surplus (daily av. last week of month): Box-number.. 74,415 Coal.. ..number67,578 Total number.. 169,036 Shortage (daily av. last week of month): Box.. ,. number.. 1,678 Coal . number.. 1,894 Total.: number.. 4,598 Cars in bad order: Total cars.. 161,569 7.1 Ratio to total in use per cent.. C a r loadings (weekly average): Total . . . . c a r s . . 858,863 Grain and grain products cars.. 45,093 Livestock cars-. 35,945 Coal cars.. Forest products... _._ cars.. 66,704 Ore _ cars..! 8,435 Merchandise and miscellaneous cars..] 493,874 Railroad Operations Revenue: Freight thous. of dolls..; 333,576 Passenger thous. of dolls..i 91,730 Total operating thous. of dolls..! 468,977 Operating expense thous. of dolls..' 384,984 Net operating income: Total thous. of dolls.. 51,281 Per cent on tentative valuation, .per c e n t 4.54 Receipts per ton-mile cents..! 1.086 Freight carried mills, ton-miles.. 34,514 Locomotives in bad order, 1st of following month, per cent to total in use: Freight percent.. 17.9 Passenger percent.. 16.9 * January, 1923. 51,398 56,618 134,273 2,739 4,845 15,819 1919 1919 1919 8 63 75 71 -30.9 -16.2 -20.6 1,076 2,475 3,991 33,857 38,771 80,633 1919 1919 1919 178 923 334 6 59 17 -35.9 +30.7 -13.2 168,782 7.5 215,552 8.7 1913 1913 141 128 110 I +4.5 110 I +5.6 908,404 49,129 32,931 189,991 79,698 9,466 534,305 41,209 32,064 185,492 66,646 j 10,310! 497,505 1919 1919 1919 1919 1919 1919 1919 106 106 97 105 117 23 105 113 126 100 108 140 25 113 352,443 83,363 478,914 374,700 326,836 79,135 446,949 376,007 71,192 ~"35~962" 18.5 17.5 39,275 *5.56 j U.07S 32,630 2,836,278 743,519 3,955,765 3,162,170 3,039,204 783,622 ,197,606 ,258,566 528,193 '275.1S* +7.2 +5.4 +6.1 +3.1 1913 1913 1913 1913 199 145 188 206 656,429 +24.3 119 "302f"58l" +9.7 1913 1913 1919 1919 25.5 24.5 1919 1919 li +5.8 +9,0 -8.4 -3.5 +19.5 +12.2 +8.2 +5.7 39.1 +2.1 12.7 +38.8 135 97 91 1 Index number less than 1. 94 92 +2.2 +3.6 47 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (•) N U M E R I C A L DATA have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these CUMULATIVE TOTAL Correitems will be found at the end of this bulletin. FROM JULY 1 sponding 1924 For detailed tables covering other items, see THROUGH LATEST month, last quarterly issue of the SURVEY (NO. 30). MONTH January In many cases March figures are now or Febavailable and may be found in the special ruary, FebJanuary 1922-23 1923-24 1923 table on page 29 ruary Per ct. increase (+) ! or de- INDEX crease (-) i cumulative 1923-24 from 1922-23 BASE YEAR OR PERIOD Per ct. Increase NUMBERS 1923 or decrease 1924 Jon. Feb. Nov. Dec. Jan, Feb. from Dec. TKANSPORTATION-Continued Passenger Travel Railroads: Pullman passengers carried National parks: Visitors Automobiles entered Arrivals from abroad: Aliens United States citizens Departures for abroad: Aliens United States citizens 136 i thousands- 2,724 2,483 2,313 21,828 23,292 +6.7 1913 130 112 numbernumber.. 35,761 1,334 «l 27,606 « 2,654 20,923 402 757,366 105,613 1,094,651 127,936 +44.5 +21.1 1920 1920 31 5 30 6 numbernumber- 44,354 15,638 40,743 22,161 38,760 20,217 429,610 216,963 670,296 +56.0 -13.8 1913 1913 32 64 33 82 numbernumber.. 14,412 20,817 11,586 11,586 8,844 21,257 141,886 181,139 146,207 166,296 +3.0 -8.2 1913 1913 23 54 17 71 46,584 9,895 * 42,841 *9S79 290,343 63,749 314,700 +8.4 +3.6 1913 1913 326 260 315 362 345 351 274 355 267 8,839 10,938 , 1,424 6 8,986 & 11,130 M961 62,562 77,950 13,369 63,330 77,479 10,772 +1.2 -0.6 -19.4 1919 1919 1919 118 110 120 10S 100 86 116 109 92 116 109 90 116 108 87 123 131 120 -8.9 -40 37 -22.9 +98.9 -8.1 +41.7 -19.4 -44.3 118 28 PUBLIC UTILITIES Telephone companies: Operating revenues thous. of dolls— Operating income thous. of dolls.. Telegraph companies: Commercial telegraph tolls -thous. of dolls.. Operating revenues thous. of dolls.. Operating income thous. of dolls.. Central electric stations: Production, electric power— Total mills, of kw. hours.. By water power—mills, of kw, hours— By fuels mills, of kw. hours-. Consumption of f u e l s Coal. thous. of short tons.. Oil thous. of barrels.. Gas .millions of cu. ft.. Gross revenue, sales thous. of dolls— 5,202 1,680 3,522 4,878 1,560 3,318 4,324 1,468 2,857 34,431 11,634 22,797 38,566 12,582 25,954 +12.0 +9.0 +13.8 1919 1919 1919 147 133 155 133 121 141 149 123 165 153 138 162 160 138 174 -6.2 -7.1 -5.3 3,673 1,602 2.455 126,100 3,374 1,546 2,601 3,249 1,166 1,823 * 112,300 25,316 9,961 19,853 674,000 26,910 11,233 22,415 774,100 +6.3 +12.8 +12.9 +14.9 1919 1919 1919 1913 123 136 118 432 111 127 102 402 118 150 124 452 116 160 141 46G 126 174 138 485 -8.1 -3.5 +5.9 2,006 138,124 259,081 496,333 28,131 55,282 56,352 1,086 86,462 19,250 109,713 30,604 329,790 70,032 325,860 2,006 137,666 254,842 499,051 28,900 54,557 57,202 1,082 87,243 19,420 110,777 29,570 331,422 69,698 325,344 1,999 141,216 282,121 500,214 28,200 60,567 56,013 596 88,736 18,211 106,095 30,216 303,492 72,555 310,691 1921 1921 1921 1921 1921 1021 1921 1921 1921 1921 1921 1921 1921 1921 1921 124.3 107.4 104.0 140.7 119.1 121.9 113.3 40.4 115.4 119.6 135.8 101.4 186.2 118.4 103.0 128.2 107.5 110.4 143.1 121.1 122.0 112.2 41.2 118.3 131.9 139.7 100.4 197.1 118.9 108.1 129.3 113.9 102.7 144.8 123.9 113.0 112.7 69.4 118.0 154.4 142.6 102.7 196.5 119.0 114.5 127.4 110.4 102.5 140.6 122.1 108.1 112.1 75.8 114.4 142.1 145.4 104.6 194.8 118.3 113.9 128.7 105.2 101.4 141.9 120.3 111.4 11Z9 75.1 115.2 139.4 144.5 101.6 213.1 114.8 .13.4 535 240 540 241 554 214 1914 1920 1915 1922 107 115 113 106 114 116 13G 120 132 135 114 120 120.7 124.7 120.7 119.9 L14.5 23.4 08.5 [06,2 108.1 108.9 107.1 109.7 14,874 14,978 14,329 1914 1915 +0.7 + 11.7 27.81 27.73 25.87 1914 1915 239 239 235 236 241 241 245.0 261.6 275.2 265.0 253. 9 283.6 224 219 213 221 210 207 203.0 210.0 228.3 221.7 213.5 230.6 175,620 108,949 89,535 1.61 150,235 103,509 84,683 1.45 175,807 167,866 127,965 1.05 1,700,111 1,583,187 1,217,487 1,444,445 1,205,812 974,884 -15.0 -23.8 -19.9 11921 •1921 11921 •1921 101 136 134 74 87 144 135 61 81 110 114 73 70 78 83 63 87 93 95 93 74 89 90 84 -14.5 -5.0 -5.4 —9.9 30,508 19,303 11,205 30,468 17,878 12,590 26,178 17,115 9,063 203,921 135,707 68,214 239,946 145,944 94,002 +17.7 +7.5 +37.8 1913 1913 1913 243 238 256 306 232 256 215 274 ' 426 318 261 455 271 242 339 270 224 3S0 -0.1 +7.4 +12.4 21,096 12,134 5f457 1,352 2,153 23,406 13,431 6,019 1,612 2,344 19,508 11,234 5,016 1,256 2,002 201,831 119,380 48,238 12,516 21,695 233,987 137,300 57,707 15,256 24,724 +15.9 +15.0 +19.6 +21.9 +13.9 1913 1913 1913 1913 1913 242 200 446 273 229 245 203 454 279 223 265 220 494 300 240 294 243 545 358 261 +10.9 +10.7 +10.3 +19.2 +8.9 2,696 3,062 22,876 2,918 200 215 216 "H754* 1,716 1,967 1,827 8,122 1,091 9S0 1,095 average, July to December, Inclusive. 24,656 +7.8 1920 113 103 115 122 117 112 -4.7- "268" "242" 135 124 270 138 293 277 257 141 139 138 -0.4 EMPLOYMENT Number employed, by industries: Total, 1,428 firms thousands.. Food products „ number.. Textiles number.. Iron and steel . numberLumber number.. Leather _ numberPaper and printing number.. Beverages number.. Chemicals .numberStone, clay, and glass numberMetals, exc. iron and steel number.. Tobacco products numbervehicles number— Railway repair shops number,. Miscellaneous numberNumber employed, State and city reports: New York State thousandsDetroit thousandsWisconsin index number Illinois index number Total pay roll: New York State thous. of dolls.. Wisconsin.... index number.. Average weekly earnings: New York State idolls.. Wisconsin .index number.. employment agency operations: Workers registered number._ Jobs registered... number.. Workers placed number.. Average applicants per job number.. DISTEIBTJTION 0.0 -0.3 -1.6 +0.5 +Z7 -1.3 +1.5 -0.4 +0.9 j-0.9 +1.0 -3.4 +0.5 -a 5 -0.2 + +0.4. +2.8 +2.2 -0.3 +8.0 MOVEMENT Mail-order houses* Total sales .thous. of d o l l s Sears, Roebuck & C o . .1 .thous. of dolls.Montgomery Ward & Co. .thous. of dolls.. Ten-cent stores: Total sales .thous. of dolls.. F. W. Woolworth Co.Jill .thous. of dolls., SB. Kresge Co .thous. of dolls., McCrory Stores C o r p . . . . .thous. of dolls— S. H. Kress & C o . . . . . .thous. of dolls.. Restaurant chains: Total sales, 2 chains .thous. of dolls.Stores o p e r a t d ' ; " " : ' number.. Child'sCo.. .thous. of dolls.. W'aldorf s y s t e m . ™ " ! " " .thous. of dolls— s Six months' * January, 1923. 128.7 104.9 99.7 142.7 24.1 .11.9 [14.6 74.8 116.2 [40.6 L45.8 98.2 J14.1 14.2. 13.1 692 369 591 313 679 1,183 406 795 308 ! 664 "1913" "I57739" •"+6.7 1920 +9.8 8,917 i> Preliminary; reports from two parks ar e not included. 48 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) N U M E R I C A L DATA have not been published previously in the SURVET or are repeated for special reasons; CUMULATIVE TOTAL detailed tables covering back figures for these CorreFROM JULY 1 items will be found at the end of this bulletin. sponding 1924 THROUGH LATEST For detailed tables covering other items, see month, MONTH last quarterly issue of the SURVEY ( N O . 30). January In many cases March figures are now or February, Febavailable and may be found in the special January 1922-23 1928-24 1923 ruary table on page 29 Per ct. increase Per ct. increase INDEX NUMBERS <•# or decrease (-) cumulative BASE YEAE OB PERIOD 1923-24 from 1922-23 1923 Jan. Feb. 1924 Nov. Dec. Jan. Feb. (+) or decrease from Dec. DISTRIBUTION MOVEMENT—Contd. Chain stores: J. C. Penney Co thous. of dolls_ United Cigar Stores Co thous. of dolls. A. Schulte (Inc.) thous. of dolls.. Jones Bros. Tea Co thous. of dolls. Owl Drug Co thous. of dolls. American Wholesale Corp. total sales thous. of dolls. Candy sales by manufacturers.thous. of dolls.. Magazine advertising (for following month). .thous. of lines, Newspaper advertising .thous. of lines. Postal receipts, „^ „ total (50 cities) thous. of dolls. Money orders: Domestic paid (50 cities)— Quantity number. Value thous. of dolls. Domestic issued (50 cities)— Quantity number. Value thous. of dolls. Foreign issued thous. of dolls. Internal-revenue taxes collected: Theater admissions thous. of dolls. Firearms and shells thous. of dolls. Jewelry, watches, and clocks thous. of dolls. Bond and stock issues and conveyances thous. of dolls. Capital stock transfers thous. of dolls. 3,468 5,396 1,597 1,815 918 3,708 5,619 1,656 2,022 912 2,823 5,158 1,269 1,367 823 34,948 49,667 11,680 11,427 7,515 44,626 51,879 14,239 15,284 8,093 +27.7 +4.5 +21.9 +33.7 +7.6 1913 1913 1919 1913 1913 3,845 45,375 2,226 31,497 2,377 32,007 23,785 253,927 24,119 269,526 +1.4 +6.1 1913 1920 311 101 174 81 211 100 125 116 281 114 163 79 -42.1 -30.6 1,945 92,172 2,219 88,928 2,002 83,608 "14,811 726 713 "17,540 755,880 +18.4 +4.0 1913 1919 141 108 164 100 172 126 143 122 159 110 181 106 +14.1 -3.5 26,031 25,264 23,082 190,435 203,354 +6.8 1919 136 126 144 171 142 137 -3.0 10,867 77,642 10,482 75,404 9,238 65,725 77,061 572,408 82,578 637,025 +7.2 +11.3 1919 1919 157 111 119 101 141 134 154 140 140 119 135 115 -3.6 -0.3 3,028 29,118 2,773 2,823 28,189 2,439 2,384 24,908 2,166 19,173 200,908 18,508 22,113 227,667 31,012 +15.3 +13.3 +67.6 1919 1919 1919 138 125 126 115 72 146 133 153 172 147 185 160 134 93 149 130 82 -6.8 -3.2 -12.1 7,577 147 6,739 5,877 197 44,469 2,988 50,848 +14.3 -9.9 1919 1919 125 81 109 61 127 157 130 76 140 46 125 28 -11.1 -39.5 4,942 2,675 2,570 14,507 16,871 +16.2 1919 358 215 138 142 413 223 4,173 895 3,517 906 3,700 879 28,166 6,344 28,632 5,254 +1.7 -17.2 1919 1919 135 78 109 95 55 100 77 117 88 -15.7 mills, of dolls., mills, of dolls. thous. of dolls. thous. of dolls. 21,574 21,844 40,019 183,307 21,520 21,782 50,207 206,607 22,717 48,311 197,517 343,581 2,282,125 359,985 2,359,361 +4.8 +3.4 «1919 " 1919 2 1913 21913 175 354 89 , 86 89 i 87 182 176 316 327 86 86 154 956 85 86 151 thous. of dolls. 260,765 208,432 244,276 2,366,440 2,344,512 -0.9 443 404 424 mills, of dolls. dollars. 4,682 41.7" 4,808 42.85 4,611 41.61 96 92 103 97 1,273 1,283 3,271 3,852 221 209 1 250 355 198 189 377 250 169 167 250 235 263 253 422 275 1,576 1,686 219 228 238 246 222 247 282 281 +6.9 +4.1 +3.7 +11.4 -0.7 -45.9 +1.2 PUBLIC FINANCE Government debt: Interest-bearing Total gross debt Customs receipts Total ordinary receipts Expenditures chargeable to ordinary receipts Money in circulation: Total Per capita " 1919 w 1919 431 103 343 -0.3 -0.3 +25.5 +12.7 345 -20.1 100 95 +2.7 +2.6 BANKING AND FINANCE Banking Debits to individual accounts: New York City mills, of dolls. 22,014 19,886 19,019 Outside New York City....mills. of dolls. 19,395 17,512 16,905 Bank clearings: New York City mills, of dolls. 20,689 18,120 16,784 Outside New York City....mills. of dolls. 16,135 14,713 13,247 Federal Reserve Banks: Bills discounted mills, of dolls. 522 532 596 Notes in circulation ..mills, of dolls. 2,023 2,022 2,247 Total investments mills, of dolls.. 393 419 571 Total reserves mills, of dolls.. 3,263 3,230 3,202 Total deposits mills, of dolls. 1,991 1,986 1,952 Reserve ratio per cent.. 81.3 76.2 Federal Reserve member banks: Total loans and discounts..mills, of dolls., 11,884 11,874 11,639 Total investments mills, of dolls.. 4,480 4,496 4,690 Net demand deposits mills, of dolls.. 11,239 11,165 11,525 Interest rates: 155 4.50 New York call loans per cent.. 4.78 4.88 4.78 Commercial paper, 60-90 days ...per cent.. 4.63 Saving deposits, by Federal Reserve Districts (balance to credit of depositors): Total, 858 banks thous. of dolls.. ,878,006 6,938,646 3,407,790 Boston, 64 banks thous. of dolls.. ,227,742 1,235,079 ".,158,610 New York, 30 banks.*.thous. of dolls.. ,922,678 [,928,114 ,809,394 Philadelphia, 79 banks-thous. of dolls.. 483,826 485,354 446,707 Cleveland, 18 banks...thous. of dolls.. 458,720 463,107 412,811 Richmond, 91 banks...thous. of dolls.. 293,099 298,464 285,829 Atlanta, 96 banks thous. of dolls.. 219,855 224,817 204,038 Chicago, 209 banks thous. of dolls.. 891,580 895,491 828,144 St. Louis, 33 banks thous. of dolls.. 135,025 135,929 125,774 92,303 Minneapolis, 15 banks.thous. of dolls.. 86,946 92,076 Kansas City, 56 banks..thous. of dolls.. 108,714 102,858 108,653 64,526 Dallas, 85 banks thous. of dolls.. 56,755 65,082 San Francisco,73 banks thous. of dolls.. 979,938 006,480 17. S. Postal Savings thous. of dolls.. 130,277 132,127 131,980 Life Insurance Policies, new: Ordinary Industrial Group Total insurance thous. of policies.. thous. of policies.. number of policies.. thous. of policies.. 160 767 49 927 172 159 551 73 710 :ef July to June, inclusiv , ending the year indicated 649 57 821 *' July t0 March ' ™ 160,521 140,280 154,425 148,295 145,021 113,859 140,576 120,725 1,250 4,519 805 5,770 1,415 5,155 783 6,572 -3.8 +5.7 3.1 +6.0 +13.2 +14.1 -2.7 +13.9 1919 1919 109 112 96 106 109 116 108 111 100 -9.7 -9.7 19113 1913 251 289 213 230 229 263 247 277 262 281 230 256 -12.4 -8.8 1919 1919 1919 1919 1919 1919 31 84 92 147 103 153 31 86 96 146 101 152 41 86 63 146 100 152 44 89 74 143 100 146 27 77 66 149 103 162 27 77 71 147 103 161 1921 1921 1919 96 144 109 139 109 100 133 105 100 135 104 100 133 106 100 134 106 +0.4 1913 1913 137 80 150 80 151 144 143 84 142 -0.7 -1.2 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1913 117 111 118 113 119 126 120109 138 120 127 122 123 331 118 112 118 115 120 127 121 110 139 121 127 127 127 332 124 117 122 119 132 129 129 117 146 126 133 141 137 334 126 117 126 123 135 130 131 119 149 129 135 143 140 331 126 118 125 124 133 130 130 119 149 129 134 144 140 128 119 126 125 134 132 133 119 150 128 134 145 144 1913 1913 205 144 215 145 245 173 288 179 216 202 232 171 1913 154 156 '•' 185197 "204 +1.9 0.0 +6.6 -1.0 -0.3 -0.6 -0.1 -0.7 +0.9 +0.6 +0.3 +0.3 +10.0 +1.8 +2.3 +0.4 +0.7 -0.1 +0.9 +2.7 +14 49 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) N U M E R I C A L DATA have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these CUMULATIVE TOTAL Correitems will be found at the end of this bulletin. FROM JULY 1 sponding 1921 For detailed tables covering other items, see THROUGH LATEST month, last quarterly issue of the SURVEY ( N O . 30). MONTH January In many cases March figures are now or Febavailable and may be found in the special January February, 1922-28 1923*24 table on page 29 ruary 1923 Per ct, ncrease or decrease cumulative 1923-24 from 1922-23 INDEX Per ct. increase NUMBERS BASE YEAR OR PERIOD (+) 1924 Jan. Feb. Nov. Dec. an. or decrease Feb Jan. from Dec. BANKING AND FINANCE—Continued Life Insurance—Continued Amount of new insurance: Ordinary Industrial Group Total insurance Premium collections: Ordinary Industrial Group Total thous. of thous. of thous. of thous. of I dolls.. 448,999 dolls.. 179,656 8,727 dolls.. dolls.. 637,381 467,423 143,762 8,990 620,176 415,006 114,758 9,933 539, 698 3,211,587 934,474 157,842 4,303,903 3,719, 597 1,160,308 283,862 5,163,767 +15.8 +24.2 +79.8 +20.0 1913 1913 1913 1913 thous. thous. thous. thous. dolls.. dolls.. dolls.. dolls.. 100,650 29,867 2,278 132,795 110,347 30,200 2,605 143,152 86,947 25,706 1,824 114,477 674,861 217,488 11,679 904,029 769.053 25*, 024 i5,851 1. 38,927 +14.0 +16.8 +35.7 +14.9 1913 1913 1913 1913 2,108 51,273 1,730 35,942 1,508 40,628 13,920 340,017 12,828 367,179 +8.0 -7.8 1913 1913 159 217 185,565 319,041 283,645 82,613,598 >82,675,952 +2.4 1913 76,640 41,895 28,115 6,630 878,705 83,241 49,650 29,600 3,991 661,049 79,055 46,600 28,950 3,505 700,708 "643,947 "771,792 "413,140 "427,331 "218,480 " 225,390 "50,822 "56,946 85,815,508 95,572,447 +3.7 +3.4 +3.2 +6.8 1913 1913 1913 1913 1913 of of of of 302 217 943 283 315 221 687 291 +4.1 429 295 931 13,620 342 491 -20.0 +3.0 —2.7 251 303 271 453 232 8,023 259 ! 342 +9.6 +1.1 +14.4 +7.8 113 179 128 221 138 227 -17.9 -29.9 119 192 193 284 +71.9 107 106 112 129 528 113 121 117 71 407 97 132 53 70 471 217 162 104 317 555 +8.6 +18.5 +5.3 -39.8 -24.8 1916 1916 1916 107 107 96 113 103 95 101 ! 67 111 i 111 108 104 243 235 260 239 5,558 5,884 239 250 358 283 • Business F i n a n c e s Business failures: Firms number.. Liabilities thous. of dolls.. Total dividend and interest payments (for following month) thous. of dolls.. Dividend payments (for following mo.): Total thous. of dolls,. Indus, and misc. corp thous. of dolls.. Steam railroads thous. of dolls.. Street railways thous. of dolls.. New incorporation thous. of dolls.. •Credit conditions: Orders per ct. of total transactions.. Indebtedness.per ct. of total transactions.. Payments per ct. of total transactions- New Capital Issues Total corporations (Commercial and Financial Chronicle): Purpose of i s s u e New capital thous. of dolls— Refunding thous. of dolls.. Kind of i s s u e Stocks . . t h o u s . of dolls.. Bonds and notes thous. of dolls.. Bond issues classified— RailroadsNew capital thous. of dolls.. Refunding thous. of dolls.. Public u t i l i t i e s New capital thous. of d o l l s Refunding thous. of dolls.. Industrials— New capital thous. of dolls.. Refunding thous. of dolls.. Total corporations (Journal of Commerce) thous. of dolls.. States and municipalities: Permanent loans thous. of d o l l s Temporary loans thous. of dolls— 25.8 38.9 54.7 -4.2 31.1 40.0 52.2 27fi, 906 27,792 228,303 37,285 230,095 26,510 1,621, S01 569,408 1,690,' 197 190,989 +4.2 -66.5 1920 1920 197 833 102 124 143 305 120 70 -17.6 +34.2 65,937 238,762 58,876 196,712 a 78,715 177,889 548,038 1,644,170 423,861 1,447,321 -22.7 -12.0 1920 1920 152 309 113 107 185 117 116 -10.7 -17.6 45,608 50,611 6,500 32,555 9,903 178,700 64,105 324,428 34,160 +81.5 -46.7 1919 1919 611 136 392 338 ,006: 151 144 324 104,803 20,375 91,948 14,050 a9,625 306,728 161,479 552,645 110,426 +80.2 -31.6 1919 1919 948 708 204 196 781 25 -12.3 -31.0 14,760 5,568 37,753 16, 735 0 59,684 a 6, 920 394,952 86,183 229,458 31,317 -41.9 -63.7 1919 1919 1,576 5,260 563 734 349 394 264 292 +153.8 +15.4 +11.0 549 •200.6 161 186 220,883 254,913 237,609 2,423,005 1,943,579 -19.8 1920 461 173 273 194 85,745 50,377 102,659 60,791 78,429 35,464 722,641 314,187 683,464 362,491 -5.4 +15.4 1913 1913 290 121 230 83 273 72 329 235 +17.7 -20.7 23,747 16,454 7,293 23,187 18,924 4,263 47,153 17,486 29,667 301,021 148,570 152,451 188,774 122,166 66,608 -37.3 -17.8 -56.3 1919 1919 1919 291 185 577 296 151 686 125 121 136 ' 145 142 154 -2.4 +15.0 -41.5 49S 1,420 2,548 64,946 2,026 9,268 119,830 18,488 91,418 1,288,720 4,630 36,761 622,355 -75.0 -59.8 -51.7 1922 1922 1922 24 147 76 14 105 72 2 ' 74 44 ' 239 2,143 15 180 1,978 300 1,865 10,609 14,694 9,939 63,579 2,552 9,330 28,841 -82.6 -6.1 -54.6 1922 1922 1922 86 87 172 16 134 150 20 26 S6 i 100 45 ! 32 112.14 60.35 93.00 111.83 60.47 87.77 115.03 65,28 94.67 1913 1913 1921 190 74 112 198 79 112 181 70 101 27,762 20,637 22,694 Agricultural L o a n s B y land banks: Total closed thous. of dolls.. Federal farm loan banks...thous. of dolls.. Joint-stock land banks thous. of dolls.. *By War Finance Corporation: With banks and livestock loan companies— Advancements thous. of dolls.. Repayments— thous. of dolls.. Balance _ thous. of dolls.. With cooperative market associationsAdvancements thous. of dolls.. Repayments thous. of dolls.. Balance thous. of dolls.. 2,325 66,075 134 +185.1 +9.6 -1.7 -88.8 -24.7 -7.7 Stocks a n d B o n d s •Stock prices, closing: 25 industrials, average 25 railroads, average 103 stocks, average •Stock sales: B dolls, per share.. dolls, per share.dolls, per share.. N . Y. Stock Exchange-.thous. of s h a r e s - Miscellaneous . . thous. of dolls Liberty-Victory " . . t h o u s . of dolls.. ^ Total thous. of dollsBond prices: Highest-grade rails.p. ct. of par, 4% bond.. Second-grade rails.-p. ct. of par, 4% bond-. Public utility . . . . . . p . ct. of par, 4% bond Industrial p. c t . of par, 4% b o n d Comb, price index.p. ct. of par, 4% b o n d 5 Liberty bonds p . ct. of par-. 16 foreign government and crtyp. ct. of par.Comb, price index, 66 bonds, .p. ct. of par._ :Municipal bond yeild * . . . . p e r cent.. ° Revised. 193 73 110 192 73 104 -0.3 +0.2 -5.6 165,926 151,252 -8.8 1913 292 328 326 348 401 298 -25.7 1,576,706 789,847 2,366,553 1,257,510 508,151 1,763,661 -20.2 -35.7 -25.5 1919 1919 1919 300 32 94 262 26 81 228 28 74 238 29 355 39 112 250 23 75 -29.6 -41.8 -32.5 9C 103 94 107 -1.1 0.0 0.0 -1.0 0.0 0.0 253,394 91,693 345,087 178,379 53,375 231,754 187,150 61,207 248,357 83.59 68.43 66.12 73.09 72.23 99.50 82.79 68.72 66.27 72.86 72.15 99.48 84.18 69.31 68.40 73.80 73.42 99.05 1915 1915 1915 1915 1915 1921 94 92 93 106 96 107 94 92 93 105 96 106 93 S8 87 102 92 106 92 89 88 102 93 106 93 9 90 104 9 99.60 93.99 4.32 99.77 93.78 4.36 100.55 94.26 4.11 1921 1921 1913 107 110 93 109 110 92 107 109 98 107 109 9 108 11 * As of the first of the following month. 10S IK 0.0 0.0 +1.0 50 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*; have not been published previously in thi SUKVET or are repeated for special reasons; detailed tables covering back figures for these items will be found at tho end of this bulletin For detailed tables covering other items, set last quarterly issue of the SURVEY ( N O . 30) In many cases March figures are now available and may be found in the specia* table on page 2$ NUMERICAL Per ct iincreasi DATA CUMULATIVE TOTAL January February spondini month, January or February, 1923 FROM JULY 1 THROUGH LATEST MONTH 1922-23 1923-24 or decrease (-) cumulative Per ct. increase INDEX NUMBERS (+) BASE YEAB OR 1923 (+) 1924 or decrease PERIOD 1923-24 from 1922-23 Jan. Feb. Nov. Dec. Jan. Feb. from Dec. BANKING AND FINANCE—Continued Gold a n d Silver Gold: Domestic receipts at mint fine ounces, Imports thous. of dolls Exports thous. of dolls Silver: Production thous. of fine oz. Imports thous. of dolls. Exports thous. of dolls. Price at New York dolls, per fine oz Price at London...pence per standard oz 74,392 45,469 281 35,11 50c 72,284 8,383 1,399 733,834 193,360 36,603 752,019 271,362 7,139 +2.5 +40.3 -80.5 1913 1913 1913 47 618 111 49 158 18 73 749 10 61 615 9 50 856 4 40 661 7 +20.5 -22.8 +79.7 5,221 5,980 8,209 .634 33.549 5,42i 7,9OC 8,877 .644 33.561 4,729 3,792 2,191 .643 30.875 40,230 45,531 39,758 41,405 59,300 64,293 +2.9 +30.2 +61.7 1913 1913 1913 1913 1913 93 195 132 110 116 85 127 42 108 112 176 168 107 119 85 273 182 103 121 94 200 157 106 122 97 264 170 108 122 +3.9 +32.1 +8.1 +1.6 0.0 4.26 .04 .043 .042 .37' .26: .17; 4.3 .044 .044 .038 .374 .262 .174 4.69 .061 .048 .054 .395 .266 .188 Par. Par. Par. Par. Par. Par. Par. 80 27 23 24 95 88 24 23 22 +1.2 -6.4 +2.3 -9.5 0.0 0.0 +0.6 .44! .30; .454 .303 .484 .318 Par. Par. 65 I .974 .737 .109 .104 .969 .765 .120 .101 .987 .842 .114 .120 Par. Par. Par. Par. Par. 99 88 35 66 68 FOEEIGN EXCHANGE RATES Europe: England dolls, per £ sterling France dolls, per franc. Italy dolls, per lire. Belgium dolls, per franc. Netherlands dolls, per guilder, Sweden dolls, per krone. Switzerland dolls, per franc, Asia: Japan dolls, per yen. India dolls, per rupee, Americas: Canada dolls, per Canadian doll Argentina dolls, per gold peso. Brazil dolls, per milreis. Chile dolls, per paper peso. General index foreign exch index number. 96 ( 35 25 31 I 98 vo 90 90 23 23 20 93 98 90 94 64 90 63 91 62 +1.1 -0.9 98 75 29 55 60 97 76 34 53 59 97 79 37 52 58 -0.5 +3.8 +10.1 -2.9 -1.7 Qft 97 I ! [ ; ! 97 99 87 35 61 67 93 no yo U . S . FOREIGN TRADE Imports Grand total thous. of dolls. By grand divisions: EuropeTotal thous. of dolls France thous. of dolls Germany thous. of dolls, Italy thous. of dolls. United Kingdom thous. of dolls. North A m e r i c a Total thous. of dolls. Canada thous. of dolls. South A m e r i c a Total thous. of dolls. Argentina thous. of dolls. Asia and OceaniaTotal thous. of dolls. Japan thous. of dolls. Africa, total thous. of dolls. By classes of commodities: Crude materials for use in manufacturing thous. of dolls_ Foodstuffs in crude condition and food animals thous. of dolls. Foodstuffs partly or wholly manufactured thous. of dolls. Manufactures for further use in manufacturing thous. of dolls. Manufactures ready for consumption thous. of dolls.. Miscellaneous thous. of dolls.. 295,551 333,500 303,412 2,326,005 2,333,619 +0.3 1913 220 ! 203 ,195 193 198 i 221 +12.8 88,018 10,818 11,245 5,992 30,835 98,879 13,587 12,716 5,600 34,535 89,748 10,277 10,476 6,659 35,200 743,039 99,668 89,393 51,941 270,290 732,170 97,655 107,469 57,591 233,826 -1.5 -2.0 +20.2 +10.9 -13.5 1913 1913 1913 1913 1913 144 123 90 186 148 144 155 130 110 87 234 122 130 114 89 190 128 122 93 73 130 136 137 117 83 121 152 +12.3 +25.6 +13.1 -6.5 +12.0 75,197 31,948 33,018 75,391 28,291 574,463 271,332 616,264 282,165 +7.3 +4.0 1913 1913 220 i 232 258 I 239 226 325 210 303 231 270 304 279 +31.5 +3.3 37,96; 4,098 36,425 6,018 41,654 10,782 285,141 73,575 272,001 44,012 -4.6 -40.2 1913 1913 251 I 252 548 ! 506 211 172 222 200 230 192 220 282 -4.1 +46.9 82,680 34,812 11,686 91,980 26,128 7,332 87,279 24,850 9,340 665,245 255,964 58,118 667,760 235,488 45,424 +0.4 -8.0 -21.8 1913 1913 1913 361 331 376 ' 301 896 i 472 321 349 256 314 313 398 j 422 591 384 317 371 +11.2 -24.9 -37.3 105,634 117,322 127,467 925,598 795,195 -14.1 1913 276 j 253 194 204 209 232 +11.1 32,631 30,540 28,597 227,682 244,112 +7.2 1913 155 ! 155 218 192 177 166 -6.4 38,586 58,763 38,641 262,225 312,415 +19.1 1913 189 234 216 167 234 356 +52.3 58,032 66,650 55,413 437,994 450,438 1913 228 195 179 191 205 235 | 58,029 2,637 57,881 2,344 52, 267 1,027 457,776 14,730 511,448 20,011 +2.8 +11.7 +35.9 1913 1913 186 187 152 83 186 232 189 169 214 168 190 -0.3 -11.1 thous. of dolls._ 395,170 366,135 306,957 2,653,548 2,983,239 +12.4 1913 162 I 148 194 206 191 177 -7.3 thous. of dolls. thous. of dolls., thous. of dolls.. thous. of dolls.. thous. of dolls.. 202,671 23,128 40,966 16,858 84,863 200,729 19,946 49,080 15,889 74,157 159,431 13,791 24,441 10,705 71,452 1,436,740 186,015 199,860 123,193 597,732 1,548,322 195,120 263,084 123,821 660,756 +7.8 +4.9 +31.6 +0.5 +10.5 1913 1913 1913 1913 1913 128 108 83 163 145 174 245 97 278 203 197 234 110 303 250 162 180 140 257 172 161 156 167 242 151 -13.8 +19.8 -5.7 -12.6 thous. of dolls.. thous, of dolls.. 74,581 40,750 71,334 45,007 74,664 44,479 659,288 421,965 698,945 408,221 +6.0 -3.3 1913 1913 149 132 169 136 160 135 149 121 142 134 -4.4. +10.4 thous. of dolls,. thous. of dolls 23,874 8,959 24,451 8,728 20,936 9,780 165,744 69,620 182,409 71,665 +10,1 +2.9 1913 1913 171 213 192 201 157 137 196 196 200 I thous. of dolls.. thous. of dolls.. thous. of dolls 87,004 47,637 7,039 58,170 20,837 5,451 46,996 17,650 4,931 125 89 Exports Grand total, including reexports By grand divisions: EuropeTotal France Germany Italy United Kingdom North A m e r i c a Total Canada South America— Total Argentina Asia and Oceania— Total Japan. Africa, total 355,700 133,519 37,076 511,564 222,175 42,000 +43.8 +66.4 +13.3 1913 1913 1913 271 339 204 405 674 193 440 721 208 502 915 292 190 I 336 400 226 -1.0 +2.4 -2.6 -33.1 -56.3 -22.6 51 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see last quarterly issue of the SURVEY (NO. 30). In many cases March figures are now available and may be found in the special table on page 29 U. S. FOREIGN TRADE—Continued Per ct.' increase NUMERICAL DATA 1924 January February Corresponding month, January or February, 1923 CUMULATIVE TOTAL FROM JULY 1 THROUGH LATEST MONTH 1922-23 1923-24 2,931,948 "I ( v or decrease , (-) Per ct. in* crease INDEX NUMBERS BASE YEAR OR PERIOD cumu*: lativo 1923-24 from 1922-23 or decrease Jan. Feb. Nov. Jnn. Feb. Jan. from Dec. Exports—Continued Total, domestic exports only...thous. of dolls.. By classes of commodities: Crude materials for use in manufacturing thous. of dolls.. Foodstuffs in crude condition and food animals thous. of dolls.. Foodstuffs partly or wholly manufactured thous. of dolls.. Manufactures for further use in manufacturing thous. of dolls.. Manufactures ready for consumption._ thous. of dolls.. Miscellaneous thous. of dolls.. 389,054 358, 576 302,010 2,613,071 132,749 113,862 77,207 745,012 13,792 13,927 27,167 309,921 59,319 52,287 49,807 64,627 50,374 127,928 639 127,433 693 +12. 2 1913 162 148 193 200 191 176 996, 753 +33.8 1913 159 121 251 285 207 178 ' - 1 4 . 2 149,380 -51.8 1913 172 192 102 105 98 388,040 397,767 +2.5 1913 188 184 191 210 230 193 -11.9 39,382 291,735 391,092 +34.1 1913 131 119 143 154 165 152 -7.8 107,760 687 873,352 5,011 992,633 4,323 +13.7 -13.7 1913 1913 168 132 165 102 182 141 178 87 106 95 196 103 83,855 37,141 26,739 19,462 700,471 323,083 226,384 158,469 756,871 339,094 . 241,609 172,463 +8.1 +5.0 +6.7 +8.8 1913 1913 1913 1913 156 196 129 135 131 15-1 114 121 159 194 137 138 170 194 170 134 158 1GS 167 130 151 175 139 130 -17.0 +0.1 57,510 2,864 9,470 44,324 493,184 23,563 74,687 385,330 576,859 33,565 82,606 391,819 +17.0 +42.4 +10.6 +1.7 1913 1913 1913 1913 153 124 161 155 131 105 163 129 150 172 182 144 146 163 173 140 147 166 164 142 165 169 171 154 +5.8 + 1.7 +16 +8.0 9,823 1,300 6,492 2,021 67,727 11,537 39,063 17,073 20,014 41,424 19,793 +18.6 +73.5 +6.0 +15.9 1913 1913 1913 1913 107 127 111 88 108 98 122 82 111 213 91 100 114 198 95 110 146 243 130 128 145 -0.6 220 -9.8 145 +11.6 105 | -17.7 3,077,008 2,789,959 99 i -7.8 1.0 -0.4 +8.5 TEADE AND INDUSTRY OF FOREIGN COUNTRIES United Kingdom Imports (value): Total thous. of £ sterling.. * 101,269 96,705 Food, drink, tobacco-.thous. of £ sterling.. 42,296 40,739 Raw material thous. of £ sterling.. 32,639 39,208 Manufactured articles-thous. of £ sterling.. 20,976 20,960 Exports (values): Total thous. of £ sterling.. 64,235 •67,975 Food, drink, tobacco.-thous. of £ sterling.. 4,594 4,515 Raw material thous. of £ sterling.. 9,970 9,530 Manufactured articles.thous. of £ sterlings 52,662 48,782 Reexports (values): Total thous. of £ sterling.. 13,311 «13,231 Food, drink, tobacco.-thous. of £ sterling.. 2,918 3,23fi Raw material thous. of £ sterling. _ 7,725 6,920 Manufactured articles.thous. of £ sterling.. 2,586 3,141 Exports of key commodities (quantities): Cotton piece goods thous. of sq. yds.. 354,000 397,573 Woolen and worsted tissues thous. of sq. yds.. 22,656 20,139 Iron and steel thous. of long tons.338 332 Coal thous. of long tons.. 6,441 5,075 Prpduction: Pig iron.. thous. of long tons.. 632 613 Steel i n g o t s . . : . . . . thous. of long tons.. 768 690 „ Coal thous. of metric tons.. 23,926 23,538 Stocks, zinc short tons.. 1,092 1,219 Belgium Production: Zinc short tons.. / _„ Canada Total trade: Imports thous. of dolls.. Exports thous. of dolls.. Exports of key commodities (quantities:) ' Canned salmon thous. of pounds.. Cheese thous. of pounds,. Wheat thous. of bushs., Bank clearings mills, of dolls. Bond issues: Govt. and provincial thous. of dolls., Municipal thous. of dolls.. Corporation thous. of dolls. •Employment: Total (1st of following mo.) _ index numberVT Newsprint paper: Production short tons. Shipments ......short tons. Stocks short tons. T, Exports ( t o t a l printing) short tons, Budding contracts awarded..,thous. of dolls. Railroad operations: Freight carried.. mills, of ton-miles. Net operating revenue thous. of dolls. -9.3 1920 108 93 95 87 96 107 +12.3 17,718 318 5,903 135,651 2,535 48,565 153,382 2,775 50,156 +13.1 +9.5 +3.3 1920 1913 1913 100 86 .92 80 77 97 77 95 109 86 86 96 102 82 91 80 S3 -11.1 -1.8 -6.7 543 707 22,229 221 3,863 4,593 179,096 4,877 5,465 186,934 +26.3 +19.0 +4.4 1913 1913 1913 1920 66 98 99 2 64 111 91 1 70 117 104 6 73 102 00 5 72 120 -3.0 +11.3 +1.6 -10.4 342,980 16,366 14,660 12,500 93,196 111,987 +20.2 1920 152 161 184 196 199 66,568 70,355 62,134 68,332 65,308 58,646 535,168 691,291 569,834 738,474 +6.5 +6.8 1913 1913 122 209 117 187 129 442 117 398 119 224 111 217 -6.7 -2.9 . 6,228 2,278 12,322 1,339 4,549 1,505 11,770 1,236 2,959 428 7,129 1,028 26,665 102,659 180,754 10,382 38,132 106,089 204,122 11,838 +43.0 +3.3 +12.9 +14.0 1913 1913 1913 1013 127 24 116 167 168 3 85 133 478 122 766 239 304 62 685 196 298 18 147 173 259 12 140 159 -13.0 -33.9 -4.5 -7.7 8,300 21,645 50,510 2,000 5,435 13,050 25,665 26,095 185,650 79,184 71,324 250,342 45,826 119,153 +34.8 -42.1 +67.1 1913 1913 1913 191 165 "266* 219 423 204 3,186 18 IS 123 347 IS8 223 819 45 56 211 -75.9 -74.8 -712 95.7 88.7 90.6 90.7 +0.1 165 163 159 187 49 142 148 120 172 67 163 159 131 170 20 166 162 144 ISO +1.6 +1.8 238 201 204 131 129 28 M 1920 109,875 107,966 16,493 93,708 6,638 111,664 109,901 18,195 99,621 21,249 91,686 90,795 10,741 84,395 13,311 2,474 1,771 • Revised. b January, 19 1923. Nine month's average, April to December, inclusive. -4.6 +3.8 89.9 +16.8 -11.8 1910 1919 1919 1919 1913 148 136 134 139 85 92 150 . 153 42 31 -6.1 +39.4 1913 1913 135 11 764,297 863,581 857,754 +13. fi +13.7 669,360 202,544 780,527 178,719 20,991 38,058 22,270 63,056 761,073 89.5 107 <») io Relative to January, 1920. « Deficit. -4.6 +10.3 +6.3 +225.0 52 AUTOMOBILES [Base year In bold-faced type; Index numbers on opposite page] Y E A R AND MONTH Passenger cats Total EXPORTS» SHIPMENTS * PRODUCTION > T r u c k s By railroad Carloads Number of cars Driven away Ratio of total exports By boat to production Number of cars Assembled Total Passenger cars Trucks Foreign assembly Thous. of dollars Number of cars Per cent Accessories and parts 5.5 4.5 7.2 5.1 4.3 4.1 2,241 2,147 5,330 6,737 6,687 3,937 2,157 1,861 3,489 5,160 5,480 3,078 84 286 1,841 1,577 1,207 859 $523 472 1,389 2,001 2,635 2,801 4,693 1,859 4,852 6,798 4.2 7.8 2.3 3.0 3.8 6,894 14,304 3,202 6,546 12,658 5,595 11,876 2,579 5,591 10,586 1,299 2,428 623 955 2,072 8,547 7,183 3,255 3,191 4,915 15.4 4.7 1.8 1.6 7,378 3,587 2,629 3,078 5,819 2,492 2,019 14,197 75 1,619 1,559 1,095 610 609 9,679 3,427 3,099 3,196 19,514 20,758 15,193 18,834 15,533 15,218 2,381 3,947 3,726 3,595 1.5 1.4 1.5 1.4 2,941 2,382 2,563 2,618 2,479 1,964 2,224 2,237 462 418 339 381 3,205 2,212 1,953 1,787 13,978 13,149 10,487 8,656 19,002 17,808 14,264 12,310 13,840 12,971 10,528 7,501 2,959 2,226 1,402 188 1.7 2.0 2.1 4.0 2,924 2,504 3,157 2,197 2,329 2,075 2,646 472 595 429 511 2,571 2,702 2,546 2,684 81,696 109,171 152,962 197,224 9,576 13,350 20,022 22,640 15,357 19,636 27,753 31,334 7,479 10,173 16,917 22,381 143 180 560 2,960 3.1 2.9 2.9 3.3 2,871 3,550 5,061 7,317 2,407 3,096 4,471 6,438 464 454 590 879 2,061 2,838 3,597 3,933 256,659 2S9,351 247,132 274,184 232,462 263,053 225,0S6 249,492 24,097 26,298 22,046 24,692 33,416 34,230 29,116 32,817 28,827 33,857 28,100 36,768 7,406 7,737 7,030 10,104 3.1 3.1 2.6 2.7 8,001 8,939 6,422 7,405 6,798 7,818 5,600 6,143 1,203 1,121 822 1,262 3,160 4,090 2,825 2,679 207,156 239,361 237,301 228,364 187,694 217,566 215,352 208,010 19,462 21,795 21,949 20,354 26,335 27,100 27,232 27,244 30,177 35,203 27,376 26,743 8,118 7,605 5,070 1,307 3.5 3.0 2.6 3.7 7,157 7,237 6,079 8,511 5,862 6,446 5,276 6,740 1,295 791 803 1,771 3,227 3,166 3,304 3,417 January.February. March.... April...... 243,539 276,934 355,030 382,695 223,819 254,773 319,770 344,639 19,720 22,161 35,260 38,056 35,228 36,165 44,983 46,095 30,031 43,613 62,988 60,467 728 882 1,908 5,027 3.0 3.8 3.8 4.1 7,392 10,549 13,375 15,582 6,040 8,851 11,811 13,352 1,352 1,698 . 1,564 ' 2,230 *9,037 « 9,037 * 9,037 9,514 4,421 4,581 4,695 5,720 May... June July.... August. 394,083 378,507 327,993 345,202 350,410 337,362 297,330 314,373 43,678 41,145 30,663 30,829 45,397 40,281 32,623 38,319 62,346 59,099 46,837 45,958 12,812 13,492 10,131 10,053 3.8 3.8 15 2.9 15,105 14,518 14,922 10,057 12,500 12,387 11,817 8,411 2,605 2,131 3,105 1,646 11,386 10,343 9,056 8,803 5,559 4,599 5,023 4,428 September. October November. December.. 327,549 365,189 312,993 303,182 298,911 335,023 284,923 275,439 28,638 30,166 28,070 27,743 35,986 42,236 38,133 34,984 39,653 37,947 32,859 27,608 8,463 7,663 6,413 4,000 3.6 3.5 4.4 4.0 11,691 12,775 13,795 12,135 10,466 10,456 10,875 1,225 2,319 2,920 2,066 8,074 8,890 7,002 6,031 5,302 4,917 4,400 5,329 316,148 397,435 287,302 336,363 28,846 31,072 46,359 49,219 40,976 48,300 1,018 1,100 4.9 4.1 15,459 15,033 12,614 13,329 2,845 1,704 9,256 11,454 6,140 7,013 1913 monthly 1014 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly average. average. average. average. average. average. 40,416 47,422 74,385 131,968 155,746 90,137 38,458 45,307 68,218 124,468 145,066 77,199 1,958 2,115 6,167 7,500 10,680 18,938 16,048 22,598 22,462 13,456 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly average. average. average. average. average „ 164,502 183,767 140,205 215,504 334,408 138,138 156,930 127,933 191,9S1 303,064 26,364 26,837 12,272 20,523 31,344 23,726 20,922 16,290 27,631 39,203 January., February. March April 47,917 75,918 143,591 194,509 43,056 68,088 130,263 176,439 4,831 7,830 13,328 18,070 6,485 9,9S6 16,287 20,187 May.... June July August. 195,508 164,591 176,752 181,156 177,438 150,263 165,616 167,756 18,070 14,328 11,136 13,400 18,603 September. October November. December.. 158,648 147,923 116,568 79,383 144,670 134,774 106,081 70,727 January. February. March.... April 91,272 122,521 172,984 219,864 May... June July... August. September. October November. December.. 1921 39,239 12,037 25,333 45,784 3,185 7,507 8,351 1922 1923 January... February. March April 1924 Automobile shipments, reported bv the National Automobile Chamber of Commerce, represent factory shipments rfor practically the entire industry Automobile exports compUed by the U. S. Department of Commerce, Bureau of Foreign and Domestic CommeTCe P d l - l i c a u J l U 0 e u i l U e 1 U U l j r Interpolated from data giving total for the first quarter of the yean wnmercc 53 AUTOMOBILES [Base year in bold-lace type; numerical data on opposite page] PRODUCTION YKAR AND MONTH Passenger cars | Trucks Total Relative to 1919 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly averageaverage. average. average. average. average - 25 29 45 80 95 58 28 33 49 90 105 56 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly average. average. average. average. average. 100 112 85 131 203 100 114 93 141 219 1921 January... February.. March April 29 46 87 118 May.... June July August.. KYPOETS » SHIPMENTS* By railroad Driven away By boat Ratio of total exports to production Relative to 1920 100 Total Passenger ears Trucks 108 107 bi 131 107 171 121 102 93 22 21 77 OS 97 57 39 33 62 92 98 ML! 121 OS 1OO 180 55 71 90 100 207 46 95 184 1OO 212 46 100 189 1OO 1ST 48 74 ICO 104 36 44 120 84 47 47 44 35 40 40 36 32 26 29 102 47 77 119 113 1OO 78 132 187 1OO 31 117 1OO 40 103 145 120 140 168 161 18 30 51 69 31 48 78 96 8 19 25 36 367 112 43 38 107 2 34 119 100 107 110 152 130 124 124 69 54 42 51 97 93 39 48 40 51 84 79 77 36 33 36 33 43 35 37 3b September. October November. December.. 96 90 71 48 103 63 45 34 53 50 40 91 85 68 35 33 27 19 63 47 30 4 40 48 .SO 95 39 42 30 40 1922 January,. _ February... March April 55 74 105 134 59 79 111 143 51 76 80 73 94 133 150 19 26 43 57 3 4 12 63 74 69 69 79 42 51 73 106 43 55 80 36 35 45 68 May June July August : 156 176 150 167 1G8 190 163 181 91 100 84 94 160 158 139 157 73 78 72 94 158 168 150 213 74 74 62 64 116 130 93 107 122 140 100 110 93 B6 C3 97 September October.... November. December.. 126 146 144 139 157 156 151 74 S3 83 77 12G 130 130 130 77 90 70 68 173 162 108 28 83 71 62 88 104 105 88 123 105 115 04 120 100 61 C2 136 148 168 216 233 ! 162 184 231 249 75 84 134 144 168 173 215 220 77 111 161 154 16 19 41 107 71 90 90 98 107 153 194 226 10S 158 211 239 104 131 120 172 May June July August.. 240 230 199 210 254 244 215 228 166 156 116 117 217 193 156 183 159 151 119 117 273 287 216 214 90 00 107 219 211 216 146 223 221 211 150 201 164 239 127 September. October November. December.. 199 222 190 184 216 243 206 199 109 114 106 105 172 202 182 167 101 97 84 70 180 163 137 85 86 83 105 95 170 185 200 176 187 187 194 180 04 179 225 159 1924 January... February.. March April 192 223 208 243 109 118 222 235 104 123 117 224 218 225 238 219 131 January February March April See footnotes o n o p p o s i t e p a g e OS r 4. > 1923 Foreign Accessoanil assembly ries parts Relative to 1911) 8 23 28 41 72 Assembled .v. :* 100 LTft Wi 131* l(Xt 1T2 S7 % ( .*(l f.2 M* -'> 7C 30 42 37 47 33 7(i 101 HI ll'» ft) M h9 • 102 132 161 * 102 107 117 102 99 ' ! | j ! 130 142 91 UW 79 f* 124 1MI 105 129 173 19S 54 AUTOMOBILES [Base year In bold-faced type] INTERNAL-REVENUE TAXES ON 1 — Fassen- A u t o Autogcrauto- mobile mobile mobiles trucks accessoand and ries and YEAR AND MONTH m o t o r wagons parts cycles EXPORTS FROM CANADA 3 Total PassenAccesso-; gerautoPassen- Trucks rles and mobiles and ger cars parts motorcycles Auto- Automobile mobile trucks accessoand ries and wagons parts Thousands of dollars Relative to 1919 Relative to 1920 INTERNAL-REVENUE TAXES ON1— av.. av_. av_. av.. av. av.. 1921 January February.-. March April May June July August September October November December—./,. 1933 January February... March April Number of machines Accessories and parts Dollars 1 2 $1,138 1,263 687 799 909 a $4,305 4,250 3,374 2,946 3,217 « 1,006 1,912 1,918 893 3,164 5,827 «780 1,633 1,506 775 2,950 4,790 *226 279 412 118 214 1,037 $90,262 290,881 356,336 94,015 , 160,508 294,198 34 50 31 28 3,094 2,644 2,785 4,256 572 384 618 767 2,282 1,942 2,695 2,722 1,837 1,080 665 478 1,679 816 428 415 158 264 237 63 99,416 144,757 88,953 82,323 19 9 13 10 20 26 22 25 5,355 4,497 3,873 8,428 832 973 505 1,281 2,873 3,369 3,042 213 182 364 475 159 157 327 446 54 25 37 29 7< 931 64,487 71,954 13 55 60 70 13 23 50 67 2,465 4,414 5,427 114 71 121 670 514 655 474 6,777 4,565 3,357 2,863 671 1,266 1,320 2,175 634 1,112 1,152 1,980 37 154 168 195 36,739 67,795 145,940 193,923 41 56 63 52 75 156 165 126 82 167 183 142 35 95 62 34 65 36 21 35 2,567 2,606 3,845 4,377 457 397 487 731 1,751 2,385 2,674 2,231 1,442 2,983 3,155 2,415 1,344 2,719 2,983 2,319 264 172 96 188,923 105,913 61,562 100,884 3 101 61 90 127 145 *53 100 100 47 165 305 44 38 40 61 45 30 49 61 53 46 63 64 56 35 25 103 50 26 25 57 95 85 23 77 65 56 121 66 77 40 101 79 72 94 11 10 19 25 10 10 20 27 35 63 78* 57 53 41 52 38 159 107 79 67 37 36 31 39 5$ 100 Passenger cars Trucks * $5,824 6,967 4,270 5,821 8,857 *81 100 148 42 77 372 »90 100 54 63 72 a 84 Total NUMERICAL DATA INDEX NUMBERS 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly EXPORTS FROM CANADA i 100 «48 100 92 47 181 293 35 100 123 32 55 101 May... June July-... August. 113 52 125 78 99 49 105 63 71 73 84 147 127 158 149 157 139 172 166 90 61 76 48 41 35 53 46 6,834 7,848 3,632 981 1,254 613 1,324 2,684 3,016 3,123 3,555 2,813 2,437 3,023 2,849 2,562 2,267 2,812 2,716 251 170 211 133 117,870 100,877 153,113 134,105 September.. October November.. December.. 103 166 SO 73 61 71 72 61 90 82 84 72 16S 205 210 180 225 220 335 90 153 77 65 99 91 76 7,190 11,587 5,559 5,112 770 891 915 765 3,813 3,479 3,576 3,066 3,217 3,918 4,015 5,691 2,943 3,667 3,587 5,475 274 251 428 216 288,427 264,622 221,403 1933 January February... March April May..., June..., July.... August. 111 84 116 81 56 57 56 76 82 79 80 263 319 382 263 286 347 394 272 132 157 316 216 77 67 125 103 7,732 5,887 8,070 5,621 799 710 725 713 3,243 3,476 3,378 3,394 5,035 6,106 7,309 5,038 4,666 5,668 6,426 4,436 369 438 883 602 225,220 196,168 363,978 298,553 173 166 194 74 96 98 108 56 82 77 77 74 221 301 288 299 210 284 266 260 283 401 420 530 127 145 88 98 12,079 11,568 13,501 5,135 1,216 1,238 1,360 701 3,504 3,264 3,265 3,160 4,217 5,759 5,513 5,725 3,427 4,639 4,341 4,245 790 1,120 1,172 1,480 368,335 421,552 256,557 286,456 September.. October NovemberDecember. . 132 120 137 137 67 79 62 64 66 85 67 62 332 327 292 372 312 308 239 343 451 441 566 544 82 78 126 96 9,209 8,359 9,543 9,576 852 1,003 789 805 2,786 3,614 2,865 2,654 6,352 6,257 5,587 7,122 5,095 5,028 3,907 5,603 1,257 1,229 1,580 1,519 164 100 70 68 50 307 210 251 198 636 281 119 129 11,457 1,258 887 2,877 2,130 5,869 4,013 4,094 3,230 1,775 783 1924 January February March April .., m 397 345,803 374,877 e c payable by the manufacturer. For taxes o T " a u t o £ K l "' ?£ld o n o r i n connection therewith") the rate is 3 per cent and payable by the manufacturer. <K.Le!*ones ana parts sold to any person other than a manufacturer (of automobiles)" the rate is 5 per cent ana -J Sk months' average, July to December, inclusive. S —,-. , _ ,„__,_. _ _ . . ^ :£{P^™nt of Commerce, Bureau of Foreign and Domestic Commerce. 55 MACHINE TOOLS1 [Base year In bold-faced type] SHIPMENTS Milling It lachlnes YEAR AND MONTH Total Radial drills Upright drills Shapers Universal Plain horizontals Relative to 1913 1901 monthly 1902 monthly 1903 monthly 1904 monthly 1905 monthly average average average average average _ 1906 monthly 1907 monthly 1908 monthly 1909 monthly 1910 monthly average average average average average 1911 monthly 1912 monthly 1913 monthly 1914 monthly 1915 monthly average average average average average 1916 1917 1918 1919 monthly monthly monthly monthly average _ average average average 1920 1921 1922 1923 monthly monthly monthly monthly average average average average ORDKKS (all classes) Rel. to 1920 69.5 87.8 85.3 70.8 103.1 53.0 80.1 66.0 54.2 95.8 81.3 102.1 97.6 87.6 116.9 74.9 91.3 95.4 67.9 98.7 60.2 76.2 76 3 64.2 91.0 47 7 59.5 59 6 57 5 82.8 122.5 125.0 • 50.3 84.4 104.8 141.0 131.3 29.0 62.7 91.0 139.8 142.4 57.0 91.4 111.6 122.8 127.3 43.5 92.1 99.4 86.1 96.4 62.3 74.9 75.7 95 6 95 6 40.6 91.1 115.2 83.9 112.4 100.0 66.3 138.3 81.0 112.4 100.0 52.6 105.5 83.1 115.5 100.0 67.5 126.1 95.7 116.1 100.0 68.5 119.5 87.1 97.3 100.0 73.5 141.2 76.8 110.4 100.0 63.2 206.4 172.2 192.1 181.2 143.6 107.0 205.0 241.0 164.0 151.0 160.9 133.1 114.7 180.3 220.6 199.4 160.7 196.0 274.1 250.1 211.9 247.6 207.0 243.2 166.7 135.5 20.5 25.6 44.5 132.4 29.2 30.0 66.0 124.2 16.0 20.8 41.5 156.3 * 25.6 35.3 49.3 155.6 35.2 30.9 , 40.6 141,6 14.0 25.7 40.0 100.0 18.0 34.9 59.3 39.8 31.7 30.5 22.6 66.6 59.5 61.9 44.0 30.0 24.3 22.0 13.3 42.8 43.5 35.7 24.1 73.6 51.0 48.0 43.0 29.0 15.2 20.1 18.9 23.5 20.9 22.3 18.7 13.8 12.3 22.6 19.0 20.4 5.1 25.8 14.0 11.4 9.4 18.6 27.2 17.1 18.6 ' 28.0 35.0 26.0 27.0 10.3 14.5 9.4 11.7 15.8 12.9 3.8 11.5 11.5 21.7 9.6 8.5 24.1 20.2 26.4 22.0 30.0 20.0 22.0 15.7 12.6 20.5 23.5 17.8 17.8 23.8 34.5 20.2 20.8 24.9 17.1 24.1 23.3 26.0 23.0 18.0 27.0 21.5 27.4 29.2 35.6 30.9 10.0 42.5 34.5 18.4 21.0 22.8 32.6 27.2 47.4 34.2 56.0 30.4 35.1 31.3 31.9 42.8 48.8 48.8 29.7 24.8 27.2 25.0 29.3 40.4 53.6 32.6 42.8 33.0 43.1 58.5 60.0 42.8 57.1 75.0 67.8 28.8 43.8 52.5 54.0 39.6 49.0 79.3 70.0 May . June - „ July August 57.5 51.8 45.1 51.2 77.5 71.5 76.3 93.3 56.3 54.0 42.4 54.0 66.9 54.4 49.8 38.1 September October November December 37.5 44.3 35.0 29.4 59.3 66.6 64.2 40.0 35.6 44.0 31.0 24.5 35.0 41.3 36.6 26.5 - .- _ __...--.--. . -~ .. .. , ^ . . _ . . .-... ~-~ 1921 February March April - May June July August . - - .. __- September October November December - - *. 1922 ...... January. February March April May June July August . -...-- - - .__ ^ - - September^ * OctoberNovember-* „ 1923 February March . . April January FebruaryMarch April May June July.. August 1 -- .. -.*-» —- -.... 1924 _ ? 8.1 16.0 6.2 11.6 7.9 1 211 24.2 6.9 9.0 17.3 15.2 14.4 18.4 9.0 14.1 15.6 17.9 19.4 30.0 31.0 42.0 45.0 34.0 39.0 34.0 24.0 12.4 13.8 18.0 23.7 14.9 37.0 29.0 21.4 29.7 32.4 38.0 38.0 23.3 20.3 21.6 28.0 36.0 42.0 43.2 31.2 46.1 40.9 43.4 43.0 41.0 40.0 57.0 68.0 40.0 44.0 45.0 27.0 35.0 36.0 33.0 22.0 29.7 30.4 48.9 60.0 54.3 36.5 31.8 47.6 35.9 40.8 31.2 34.8 71.4 53.1 77.2 71.0 5S.5 56.4 55. 9 63.1 48.7 52. 6 53.9 45.1 4.1 12.4 11.0 60.8 56.3 34 3 _ _ .__ Compiled by the National Machine Tool Builders' Association. Shipments data are made up from reports of 29 firms representing about 20 per cent of the membership, but as they cover standard machines and the contributors are most of the larger firms they are fairly typical. Orders data are an aggregate of reports from 70 firms, stated to represent 60 per cent of the industry. The index numbers are based upon quantity figures. Shipments data were discontinued at the end of 1923. The index numbers on orders have been recomputed to a 1920 base from original data based on the average of the first three months of 1920, which represented the peak point. ! 56 ORDINARY LIFE INSURANCE SALES BY DISTRICTS' [Base year In bold-faced type] United States, total YEAR AND MONTH 1921 monthly average 1922 monthly average 1923 monthly average 1921 Eastern Western Western SouthFar Indus- Indus- Agricultural Western trial trial United States, total Eastern Industrial Western Industrial Western Agricultural Southern Far Western I -- 100 10S 129 Relative to 1921 Thousands of dollars INDEX NUMBERS NUMERICAL DATA 100 97 112 100 108 127 100 135 100 109 134 109 133 $425,092 459,292 549,296 $154,321 174,242 208, 526 $90,152 98,380 121,194 $81,074 78,899 90,912 $57,145 61,645 72,403 $42,400 46,126 56,261 100 113 January February March April 100 99 112 108 108 104 113 110 107 99 113 105 95 96 115 111 83 91 108 108 92 96 112 104 426,709 419,289 477r 659 460,566 166,770 160,022 173,929 170,029 96,493 89,012 101,470 95,052 76,919 77,454 92,999 89, 761 47,442 52,215 61, 631 61,531 39,085 40,586 47,630 44,193 May June July August 114 107 92 116 109 109 104 92 92 114 107 96 93 111 105 94 96 116 106 96 102 482,654 453,685 389,767 394,073 179,526 168,031 134,804 137,707 97,857 93,931 82,768 82,793 92,647 86,508 77,792 75,166 63, 518 60,275 53,552 55,046 49,106 44,940 40,851 43,361 September October November December 81 94 91 110 77 93 87 107 82 92 92 114 84 94 88 109 84 96 103 120 84 96 91 103 344,553 399,070 385,896 467,186 118,761 143,644 134,244 164,379 74,127 83,183 82,716 102,422 67,756 76,378 71,249 88,261 48,172 55,008 68,444 35,737 40,856 38,779 43,681 January February March April 96 98 113 107 110 109 122 110 98 98 113 107 79 103 99 82 91 107 113 88 89 108 107 406,573 415,405 480,960 456,491 170,057 168,843 188,435 169,341 88,117 88,364 102,128 96,858 64,164 68,482 83,532 80,073 46,791 51,870 61,247 64,647 37,444 37,846 45,618 45,572 May June July August 120 115 104 102 126 US 106 101 120 116 108 107 108 107 96 90 117 118 107 103 120 111 102 118 508,130 488,771 443,805 433,933 194,082 182,681 164,109 155,642 108,486 104,608 97,598 96,028 87,764 87,147 77,488 73,365 67,127 67,355 61,369 58,805 50,671 46,980 43,241 50,093 93 108 110 130 92 114 114 131 94 112 111 125 87 94 99 120 100 105 105 145 97 113 118 134 396,610 460,794 466,694 553,333 142,525 175,691 176,668 202,833 85,067 100,656 99,696 112,949 70,571 76,436 80,334 97,429 57,315 60,058 60,027 83,133 41,132 47,953 49,969 January February March April 110 114 140 133 125 129 150 141 108 115 147 137 94 97 116 114 101 106 143 134 103 103 128 135 466,880 485,930 593,213 566,844 192,326 199,830 230,748 217,276 97,694 103,825 132,473 123,675 75,906 78,441 93,835 92,366 57,485 60,334 81,798 76,410 43,469 43,500 54,359 57,117 May June July August 147 | 139 126 127 | 159 142 124 129 148 144 132 135 129 122 115 i 109 143 143 122 120 146 143 142 142 625,957 590,460 534,075 538,043 244,865 219,359 191,717 199,159 132,998 130,081 119,248 121,745 104,387 98,602 92,920 88,466 81,780 81,792 69,925 68,431 61,927 60,626 60,265 September October November December 112 i 131 j 129 144 114 138 138 134 115 141 13S 152 101 112 107 132 112 122 121 155 122 129 131 169 475,957 554,773 548,669 610,751 175,511 212,757 212,548 206,217 103,573 127,070 124,472 137,473 81,569 90,734 7i 019 63,742 69,436 69,368 88,340 51,562 54,776 55,583 71,702 127 129 154 147 125 134 93 100 105 110 122 130 53S, 601 546,521 238,057 226,893 113,109 120,674 75,689 80,796 60,148 62,891 51,598 55,267 1922 September October. November December , 87 1023 1924 January February .rdi^XS^ 1. " 2 3 , 88 per ceat of the total legal reser* 57 BUSINESS FAILURES—MANUFACTURING ESTABLISHMENTS:1 1913 TO 1923 MANUFACTURING ESTABLISHMENTS GRAND TOTAL TRADE ESTABLISHMENTS AGENTS. BROKERS, ETC. YEAR Number 1913 1914 1915 1916 1917 1918 _-. Average N u m per firm ber Liabilities Average per firm Liabilities Number Average! per firm; bcr Liabilities 619 800 1,010 874 734 722 $34,424,5-18 , $53,042 ! 50,452,728 60,781 ! 40,026,027 39,030 I 31,858,848 • 30,452 | 32, 781,195 , 44,601 31,727,314 43,944 , _._. ...' ' _________ 16,035 18,278 22,156 16,983 13,853 9,982 $273,832,083 357,954,894 301,287,217 196,251,973 182,441,263 163,088,979 $17,077 19,584 13,598 11.556 13,170 16,338 4,241 4,618 5,116 4,186 3,691 2,766 $124,402,323 135,837,314 112,027,484 72,993,558 79, 543,498 73,454,694 $29,333 29,415 21.897 17,439 21,551 26, 556 11,145 12,851 16,030 11,923 9,428 6,494 , ! ! | 6,451 8,880 19,651 23,676 18,718 113,309,165 295,121,715 627,401,613 623,896,251 538,641,555 17,565 33,234 31,418 26,351 28,777 1,865 2,635 4,495 5,682 4,968 51,614,216 127,992,383 232,907,185 214,925,388 280, 558,644 27,675 48,574 51,815 37,826 56,473 4,013 5,531 13,998 16,923 13,064 37,670,443 88,558,345 254,794,015 271,388,107 209,942, 582 9,387 16, Oil 18,202 16,037 10,070 573 714 1,158 1,071 G8G 24,024, GOT> . 41,928 78,570,987 110,043 139.700,413 120,039 137,582,750 128,402 48,140,329 , 70,175 174,663 3,673,226,708 21,030 44,263 1,506,261,687 34,030 121,400 1,511,675,370 i 12,452 9,000 G55,2S9,651 1919 1920 1921 1922 1923 Total IRON AND STEEL MACHINERY AND TOOLS $115,005,212 I $10,319 165,664,852 . 12,891 149,233,706 ' 9,310 91,394,567 i 7,CC5 70,116,570 7,437 57,906,971 8,917 WOOLENS AND WOOLEN GOODS COTTONS AND COTTON GOODS 72,921 LUMBER AND LUMBER PRODUCTS YEAR f! 1913 1914 1915 1916 _ 1917 1918 | t 1919... . 1920 1921 1922... „ 1923 Liabilities Average $15,142,482 4,184,315 3,999,092 1, 519,091 1,347,467 1,209,574 $159,395 52,304 43,946 37,051 30,624 31,831 287 297 290 199 218 193 $23,233,281 24,094,975 25,274,648 3,803,781 7,205,325 11,103,534 1,520,780 4,083,973 8, 633,413 S, 265,066 7,445,778 66,121 116,685 107,980 100, 793 94,250 177 248 461 549 495 S3,366 3,414 i i Total... 57,356,031 CLOTHING AND MILLINERY Average Liabilities per firm per firm 12,868,454 27,066,316 52,558,701 50,083,639 50,666,010 $80,952 81,128 87,154 19,114 ! 33,052 i 57,531 j I 72,703 ' 109,138 114,010 ! 91, 227 i 102,356 11 18 38 51 42 287,958,664 84,346 341 •HATS, GLOVES, AND FURS YEAR Liabilities * « « £ $M87,573 1,361,242 1,451,126 ! 1,125,375 1 1,953,989 I 2,347,417 ' $1,361,410 $36,795 1,770,072 36,877 2,153,536 42,226 502,428 25,121 451,871 j 20,540 78,869 ! 9,859 I ' i I 1,456,138 \ 69,340 „ 1,446,678 ! 48,223 4,429,966 j 76,379 47,076 1,930,135 12,014,739 i 245,199 15,667 94,001 102,012 1,830,218 2,890,278 S 76,060 2,013,042 I 39,471 3,160,789 i 75,257 16,312,514 j $38,143 34,031 39,220 40,192 59,212 90,285 402 47,837 C H E M I C A L S AND DRUGS 31,004,378 i Liabilities Average' per firm | | 505 484 484 455 517 337 I • | , 240 207 354 400 453 • , t I i 77,125 i 4,436 Liabilities Average per firm Liabilities Liabilities Average per firm 4,412,536 13,345,872 17, C98,446 17,338,742 15,256,111 ' 165,756,063 $38,536 46,525 33,687 28,933 33,234 26,838 18,511 OM73 49,096 43,347 33,678 37,306 P R I N T I N G AND ENGRAVING P A I N T S AND O I L S I Liabilities $19,400,891 22,517,008 16,304,701 13,104,602 17,181,803 9,044,451 Average; Liabilities per firm 1913. 1914. 1915. 1916. 1917. 1918. 694 789 858 565 535 336 $8,484,115 7,789,341 8,574,760 4,938,885 6,130,915 4,066, 727 $12,225 9,872 9,994 8,741 11,460 12,103 105 165 109 65 53 34 $1,646,964 2,289,075 1,636,104 1,280,170 1,026,457 415,707 $15,685 13,873 15,010 19,695 19,367 12,227 43 51 27 27 54 35 $858,105 510,435 492,220 643,481 1,489,757 1,094,514 j $19,956 10,009 18,230 23,833 27,588 31,272 $901,242 350,979 1,312,744 514,949 140,646 188,133 $30,041 15,260 32,819 32,184 12,786 12,542 178 221 276 204 145 146 $2,643,917 $14,853 18,269 4,035,2S6 19,099 5,271,229 9,344 1,906,247 1.668,508 11,507 i 16,444 ' 2,400,808 1919. 1920.. 1921. 1922. 1923, 174 435 848 997 645 1, 721,845 10,551,074 19,959,548 20,608,815 12,357,684 24,255 23,537 20,671 19,159 26 93 186 219 161 305,150 3,091,431 5,480,916 4,767,825 3,836,595 11,737 33,241 29,467 21,771 23,830 38 45 89 - 96 i •72 1,128,960 ! 3,222,836 j 3,768,466 I 5,809,634 ; 7,373,930 29,709 71,619 42,354 60,517 102,416 169,073 310,416 943,241 688,255 776,518 21,134 28,220 47,162 32,774 59,732 59 50 143 171 165 824,870 2,509,071 4,858,479 3,343,106 15,651,959 13,981 50,181 33,975 19,550 94,800 Total.. 6,876 105,183,709 15,297 1,216 25,776,394 21,198 577 1 26,393,338 45,742 6,296,196 30,270 1,758 45,113,480 25,862 MILLING AND BAKERS GLASS, E A R T H E N WARE, BRICK L I Q U O R S AND TOBACCO LEATHER, SHOES, AND H A R N E S S YEAR Liabilities Liabilities Average per firm $27,993 13,387 25,548 21,909 15,988 23,195 liabilities Average per firm 105 122 182 133 101 79 $4,084,387 7,592,629 3,939,703 3,476,121 1,495,028 4.594,935 62,235 21,647 26,136 14,802 58,164 262 ! $2,337, 743 i 289 2,645,883 | 375 l 1,858, 748 I 495 ' 3,352,367 ' 305 j 1,936,730 • 175 | 1,398,853 | $8,923 9,155 4,957 6,772 6,350 7,993 126 125 126 103 81 86 $3,527,175 1,673,395 3,219,045 ' 2,256,663 1,295,047 1,994,804 172: 282 ! 385 j 518 485 ! 14,405 12,788 22,041 18,429 11,739 53 91 185 241 205 895,417 3,485,696 4,742,907 4,442,323 6,979,675 49 16,895 61 38,304 97 25,637 140 18,433 34,047 j 110 934,059 1,371,449 7,625,039 3,676,047 .5,006,602 19,063 22,4S2 78,609 26,257 45,515 11,579 422 34,512,147 24,270 11,179 43,796,029 37,147 2,477,628 I 3, 606,130 8,485,800 ' 9,546,021 j 5,693,855 . 3,743 | 43,339,768 1 Average per firm Compiled by Dun's Xeriew. 1 I 147 123 137 93 96 77 t 45 26 46 93 73 956 Liabilities ALL O T H E R S I* Average Liabilities per firm $34,428 $5,060,891 4,522,977 i 36,772 22,717 3,112,205 6,289,S05 , 67,632 4,876,375 ' 50,796 48,046 3,699,509 1,588 1,761 2,033 1,742 1,476 1,181 $34,172,147 50,498,802 33,427,623 28,224,593 31,343,580 29,810,859 $21,519 28,676 16,443 16,202 21,235 25,247 40,219 51,723 72,765 40,575 57,202 774 1,003 1,505 2,063 1,021 20,905,439 50,720,414 87,478,806 78,639,292 130,162,621 27,087 50,569 58,125 38,119 67f758 42,012.810 ! 43,946 j 17,047 575,450,176 33,757 1,809,836 1,344,809 j 3,347,179 3,773,446 4,175,778 I 58 BUSINESS FAILURES—TRADE ESTABLISHMENTS: > 1913 TO 1923 GENERAL STOEES GROCERIES, MEATS, AND F I S H LIQUORS AND TOBACCO H O T E L S AND R E S TAURANTS C L O T H I N G AND FURNISHINGS YEAR i 1913 ,! 1914 1915 , 1916 , 1917 ! 1918 1,615 1,789 2,334 1,391 975 593 , 1919 1920 1921 1922 1923 425 618 2,277 2,263 1,512 Total 15,792 Liabilities Average per firm Average Liabilities per firm Average Liabilities per firm Liabilities 2,774 3,022 3,614 3,599 3,120 1,969 $15,548,843 15, 769,574 14,460,248 12,929,101 14,206,187 9,296,954 $5,605 5,218 4,001 3,592 4,540 4,722 510 $4,870,891 634 7,370,302 767 10,121,331 650 6,268, 720 530 4,441,529 437 8,728,222 832 $5,922,520 $9,551 958 6,014,236 11,625 13,196 1,286 9,898,475 936 5,253,554 9,644 732 4,587,393 8,380 19; 973 479 3,253,560 1,359 1,713 3,007 3,518 2,882 8,256,917 13,058,860 38,186,701 37,907,194 25,935,596 6,076 7,623 12,699 10,775 8,999 324 369 554 741 739 3,258,861 4,175,359 6,281,038 9,236,429 12,473,860 10,058 11,315 11,338 12,465 16,879 198,374,036 j 12,562 30,686 205,556,175 6,721 6,255 77,226,542 $13,183,035 , $8,163 15,735,331 i 8,796 20,371,928 , 8,72S 11,542,210 : 8,293 7,662,500 ' 7,859 4,509,165 j 7,601 4,412,395 i 10,143,829 • 43,059,785 ) 43,634,203 I 24,119,655 ! 10,382 16,414 19,423 19,282 15,952 DRV GOODS AND CARPETS S H O E S , R U B B E R S , AND TRUNKS Liabilities Average per firm $7,118 6,278 7,697 5,613 6,267 6,792 1,155 $11,074,778 1, 558 15,482,616 1,747 13,028,839 1,089 8,928,253 836 5,974,142 645 5,798,818 1,522,640 1,858,623 1,661,091 3,261,780 2,841,512 7,115 11,616 9,427 9,409 325 566 1,871 2,043 1,561 2,760,100 7,672,954 29,140,274 31,891,240 28,513,160 8,493 13,556 15,575 15,610 18,266 12,346 6,505 46,075,384 7,083 13,396 160,265,174 11,964 F U R N I T U R E AND CROCKERY 214 160 260 346 302 HARDWARE, STOVES, AND T O O L S 9,937 7,458 8,199 7,146 8,990 CHEMICALS AND DRUGS YEAR Liabilities Average per firm Average Liabilities per firm I* Average Liabilities per firm $11,871 12,689 12,707 9,225 11,140 9,575 347 351 491 349 208 152 $4,505,482 6,321,488 5,054,565 4,090,516 2,069,519 1,390,426 $12,984 18,010 10,294 11,721 9,950 9,148 437 509 631 490 362 280 $2,565,352 3,356,431 4,950,037 2,361,209 2,182,039 2, 225,692 $5,870 6,594 7,845 4,819 6,028 7,949 Liabilities £ r e £j£ I* Average Liabilities per firm 1913 1914 1915 1916 1917 1918 728 916 1,179 712 478 296 $17,819,447 54,320,728 28,846,365 11,525,923 6,220,403 5,108,528 $24,477 59,302 22,554 16,188 13,013 17,259 453 453 568 376 229 174 $4,748,617 $10,483 4,522,983 9,985 3,716,724 6,544 2,357,730 6,271 1,430,960 6,304 1,362,692 7,832 283 $3,359,578 354 4,491,862 497 6,315,546 287 2,647,602 249 2, 773,802 148 1,417,118 1919........ 1920 1921 1922 1923 206 377 1,298 1,382 874 3,073,446 8,096,949 24,646,808 27,029,779 17,806,063 14,920 21,477 18,988 19,558 20,373 120 162 589 797 667 1,090,104 1,954,013 8,913,982 10,538,546 9,463,850 78 74 402 530 384 743,455 5,402,195 8,708,484 12,578,432 10,321 10,047 13,438 16,431 32,756 81 83 319 484 412 1,211,738 1,434,922 7,866,214 10,502,098 9,594,749 14,960 17,288 24,659 21,699 23,288 130 112 409 528 490 789,261 914,705 4,835,851 5,775,105 7,231,285 6,071 8,167 11,824 10,938 14,758 Total, 8,446 204,494,439 24,212 4,588 . 50,100,201 10,920 3,286 49,243,111 14,986 3,277 54,041,717 16,491 4,378 37,186,967 8,494 P A I N T S AND O I L S 9,084 12,062 15,134 •13,223 14,189 J E W E L R Y AND CLOCKS 805,037 BOOKS AND PAPERS HATS, FURS, AND GLOVES ALL OTHERS YEAR Sfe Liabilities Average per firm Average Liabilities per firm 1913. 1914, 1915_ 1916. 1917. 1918. $655,960 895,084 1,009,269 425,318 904,007 '294,081 $12,615 14,437 12,939 7,876 14,349 7,541 322 393 494 293 222 178 1919. 1920. 1921. 1922., 1923.. 758,623 324,963 1,764,062 1,185,696 635,620 36,125 20,310 24,501 15,809 9,212 8,852,683 14,730 Total.... 1 601 Compiled by Pun's Review. Liabilities Average $3,749,296 4, 663,314 5,822,430 2,790,361 1,787,026 1,644,854 $11,644 11,866 11,786 9,523 8,050 9,241 87 102 123 99 51 42 $509,442 817,566 822,258 549,430 462,029 400,842 $5,856 8,015 6,685 5,550 73 103 313 415 294 1,669,599 5,785,059 7,636,434 4,706,046 9,585 16,210 18,483 18,401 16,0D7 21 21 52 109 116 176,337 229/287 458,762 857,187 1,233,242 3,100 40,954,152 13,211 823 "6,516,382 Average Liabilities per firm Average Liabilities per firm per firm 85 123 118 51 37 32 $939,001 2,098,057 1,086,895 452,990 516,799 370,121 $11,047 17,057 9,211 8,882 13,968 11,566 1,465 1,627 2,103 1,547 1,327 1,030 $25,552,970 23,805,280 23,728,796 19,271,650 14,898,235 12,105,898 $17,442 14 631 11,283 12,457 11,227 11,753 8,397 10,918 8,822 7,864 10,631 21 135 125 114 288,887 7,365,158 6,420,668 2,632,053 1,642,410 13,757 54,557 51,365 23,088 18,664 615 1,022 2,450 3,578 2,674 28,915,669 70,371,525 70,591,879 51,167,102 13,929 28,293 28,723 19,729 19,135 7,918 929 23,813,039 25,633 19,438 348,975,368 17,953 9,544 59 1 BANK FAILURES TOTAL YEAR NATIONAL ALL OTHERS \ No. Liabilities No. 578 277 404 119 50 $203,739,138 77,735,551 173,027,776 50,708,300 -16,520,862 77 35 47 10 4 $36,568,934 16,453,926 28,401,550 3, 350,000 1,850,000 1918 1917 1916 1915 1914 20 42 50 133 212 5,131,887 18,451,964 10,396,779 37,223, 234 56,005,107 4 8 18 19 3,760,066 1Q13 1912 1911 1910 1909 120 79 107 119 80 31,546,314 24,219,522 25,511,606 41,097,255 24,677,128 1908 1907 1906 1905 180 132 58 78 1904 1903 1902 1901 1923 1922 1921 1920 1919 PER [CENT OF BUSINESS CONCERNS FAILING' Liabilities No. 501 242 357 109 46 $167,170,204 61,281,625 144, 626, 226 47,358, 300 14, 670,862 1,755,000 13,649,000 9,606,098- 20 38 42 115 193 5,131,887 14, 751,964 8,641,779 23,574,234 46,399,009 7 4 3 10 11 5,197,336 8,313,000 1, 250,000 4,284,482 4,109, 224 113 75 104 109 69 26,348,978 15,906,522 24,261,606 36,812,773 20,567,904 123,126,956 233,325,972 18,805,380 20,227,155 31 12 8 16 48,388,000 12,533,000 1,490,966 4,198,348 149 120 50 62 74,738.956 220,792,972 17,314,414 16,028,807 99 121 63 74 28,158,811 29,685,766 10,969,072 18,018,774 24 12 2 9 10,257,223 5, 735,477 420, 617 5, 666,231 75 109 61 65 17,901,588 23,950,289 10,548, 455 12,352, 543 1900 1899 1898 1897. 58 55 80 171 14,456,563 27,116,790 18,395,094 28,249, 700 5 10 11 28 1,312,721 7,106,567 4,102,290 5,977,421 53 43 69 143 13,143,842 20,010, 223 14,292, 804 22,272,279 1896 1895.... 1894 1893 198 132 125 642 50,718,915 20,710,210 125, 666,035 210,998,808 34 34 18 161 22, 674,512 5,863,842 4,803,616 67,673,894 164 98 107 481 29,044,403 14,846,368 120,862,419 143,324,914 . BANE FAILURES, BY CLASSES NATIONAL STATE AND PRIVATE TRUST COMPANIES SAVINGS YEAR No. Liabilities No. Liabilities No. Liabilities No. Liabilities 1923.... 1922.... 1921 1920.... 1919.... 1918.... 77 $36,568,934 35 16,453,926 47' 28,401,550 10 3,350,000 4 1,850,000 471 $154,239,180 227 57,117,895 327 114,975,024 98 17,684,900 37 12,284,862 16 4,790,000 11 2 15 4 3 1 $3,936,762 550,000 25,371,924 25,826,000 1,260,000 150,000 19 13 15 7 6 3 $8,994,262 3,613,730 4,279,278 3,847,400 1,126,000 191,887 1917.... 1916... 1915.... 1914 1913.... 1912.... 4 3 18 19 7 4 3,700,000 1,755,000 13,649,000 9,606,098 5,197,336 8,313,000 36 37 105 173 83 61 14,566,964 6,112,779 7,670,151 37,812,875 16,128,253 9,508,568 2 4 4 10 10 4 185,000 1,729,000 2,231,373 5,500,000 3,044,501 335,440 1 6 10 15 6 800,000 13,672,713 2,786,134 7,176,224 5,872,392 1911.... 1910.... 1909...; 1908... 1907...* 3 10 11 31 12 1,250,000 4,284,482 4,109,224 48,388,000 12,533,000 84 93 55 112 91 12,940,450 26,576,991 10,482,841 35,140,222 106,488,332 6 8,856,884 3 1,190,428 5 5,740,000 23 36,684,112 19 105,562,003 7 13 7 14 10 1,108,856 9,045,554 3,545,063 2,914,622 8,742,637 Failures YEAR Liabilities Concerns In business Per cent of failures 1023 1022 1021.. 1920 1910 18,718 23,C76 19, 652 8,881 0,451 1,996,001 1,983,100 1,027,301 1,821,400 1,710,900 0 94 1.10 1.02 0.40 0.38 1918 1017. 1016 1015.... 1014... 9,082 13,805 16,903 22,156 18,280 1 70S 061 1,733,225 1,707,630 1,074 783 1,055,490 0 5S O.SO 0.99 1.32 1.10 1913 1912 1911 1910. 1909... 16,037 15,452 13,441 12, 652 12,024 1,616,517 1,504,270 1,525,024 1,515,143 1,486,389 0.09 0.98 0.81 0.80 0.80 1908... 1907... 1006.... 1905 1904 15,000 11,725 10,682 11,520 12,109 1,447,551 1,418,075 1,302,010 1,357,455 1,320,172 1.08 0.82 0.77 0.85 0.92 1903 1002 1901 1900 1809 . . 12,069 11,615 11,002 10,774 9,337 1,281,481 1,253,172 1,219,242 1,174,300 1,147,595 0.94 0.03 0.90 0.92 0.81 1898 1897 1896 1895 1894 12,186 13,351 15,088 ,13,197 13,885 1,105,830 1,058,521 1,151,570 1,209.282 1,114,174 1.10 1.26 1.31 1.09 1.25 15,242 10,344 12,273 10,607 10,882 1,103,113 1,172,705 1,142,951 1,110,500 1,051,140 1.28 O.ES 1.07 0.9S 1.04 10,679 9,634 9,824 10,637 10,968 1,016,662 994,281 969,841 910,900 904,759 1.02 0.90 1.01 1.16 1.21 9,184 6,788 4,735 4,375 6,658 863,993 822,256 781, 689 746,823 702,157 0.82 0.71 0.63 0.95 10,478 8,872 9,092 7,740 5,830 674,741 652,006 681,900 642,420 600,400 5,183 4,069 2,915 3,546 550,764 528,970 475,145 427,230 2,799 2,608 2,780 1,505 352, 674 278,840 209,720 160,000 1893 1892 1891 1890 1889 . A. . . 1888 1887 1886 . 1885 . 1884 . . 1883.. 1882 1881 1880 1879 '. 1878 1877 1876 1875 1874 1873 1872 1871 1870 . . .. . 1869 1868 1867 1866 » Compiled by Dun'sl 1.06 1.55 1,36 1.33 1.21 0.07 0.93 0.77 0.61 0.83 0.79 0.84 1.33 0.94 60 SUGAR1 CANE SUGAR BEET SUGAR Sales YEAR AND MONTH Stacks, end ! Man Ufacof month I tured Sales Deliveries Stocks, end of month Manufactured For direct consumption Torefineries Deliveries Short tons 267,595 121,828 150,717 272,290 12,242 3,729 1,108 651 3,437 3,252 1,536 2,093 3,630 601 5,463 6,882 2,137 72,525 89,110 56,902 4,412 24,023 46,761 12,492 99,882 106,819 6,550 34,915 34,079 5,074 44,853 49,769 10,322 80,271 84,081 68,449 146,989 41,088 67,002 63,854 109,401 78,190 48,134 29,265 12,159 8,354 6,642 35,375 928 372 2,259 19,830 8,979* 3,490 2,872 34,472 6,984 875 1,266 52,871 18,034 4,177 3,971 23,011 17,226 45,045 48,129 19,823 31,344 6,469 6,541 7,265 1,642 2,338 3,635 1,453 1,435 2,116 268 833 790 1,815 2,266 2,911 690,391 677,363 722,941 S7,322 52,479 49,035 5,836 43,616 35,871 19,033 63,060 40,689 33,124 218,844 428,066 478,685 242,334 298,332 107,421 109,309 69,306 36,463 January-. February. March April 419,167 310,023 232,385 184,445 4,436 257 552 194 May. June. July.. 136,576 117,842 87,233 260 1,089 735 Total, year ending June 30,1923. 1932 Jnly August September October November... December - 9,917 4,143 1923 HAW SUGAR REFINED SUGAR Receipts YEAR AND MONTH Sales Stocks, end of month Meltings * Domestic Imported Stocks, end of month Production For domestic consumption Deliveries. .1 For export Short tons Total, year ending June 30,1923. 151,528 I 4,745,327 \ 4,914,426 4,608,245 3,955,721 416,080 306,687 189,394 293,208 I 4,304,085 1022 July August September 293,804 280,939 192,951 1,433 3,106 1,071 501,288 570,138 275,067 494,130 586,109 374,126 130,236 460,595 539,538 356,770 October November December 105,868 104,732 40,947 1,771 44,628 47,921 246,656 291,707 120,677 325,510 337,471 232,383 143,118 164,108 177,470 306,049 317,410 222,033 January... February. March.... April 71,053 117,879 240,391 263,550 45,541 4,647 1,405 305,488 456,985 614,588 506,329 320,922 414,806 493,481 483,170 186,578 126,798 258,254 309,620 294,652 387,211 465,872 455,420 540,072 404,420 284,570 462,854 May. June. July.. 292,843 267,642 247,225 521,520 334,884 245,774 492,233 360,085 266,191 351,540 430,061 364,659 461,226 341,469 243,790 254,727 215,030 282,603 49,682 6,069 10,678 492,688 503,110 260,338 6,125 2,250 9,489 296,420 208,671 •42,031 I 23,656 ' 38,563 56,604 285,544 446,991 334,416 404,054 1023 27,209 20,852 22,883 419,306 262,948 309,192 of c m a?afrVXoTrge%eCeriS S' D?aHmni ° ™«> *«"«• of the Census, from practically the entire industry, except that the refined sugar statistics do not * 415 tons destroyed by fire. ' " Meltings " include 2,133 short tons of raw sugar, which was sold during various months for direct consumption without refining. 61 PRODUCTION OF STEEL INGOTS1 [Prorated to 100 per cent production] 1917 1921 1923 MONTH Gross tons . January February.. _. March April 2 3,710,512 * 3,710,612 »3,710,512 8 3,710,512 2,641,196 2,724,962 3,727,632 3,791,184 3,650,845 3,177f3U 3,127,481 2,631,087 3,524,026 3,401,760 3,916,960 3,132,458 2,517,042 1,998,705 1,794,777 1,386,897 1,891,857 2,071,772 2,814,667 2,902,240 May June. July August , »3,710,512 3,617,322 3,447,461 3,663,405 3,939,580 3,695,352 3,731,532 3,695,632 2,266,109 2,607,015 2,946,465 3,225,942 3,423,178 3,538,971 3,327,785 3,562,411 1,446,181 1,146,350 917,824 1,300,199 3,218,794 3,127,775 2,952,806 2,629,256 4,195,800 3,748,890 3,514,241 3,677,771 September.. October November... December... 3,486,337 3,931,681 3, 713,889 3,206, 543 3,832,228 4,017,435 3,668,164 3,586,125 »2,515,635 '2,515,635 3 2,515,635 * 2,515,635 3,561,365 3,580,873 3,132,891 2,778,714 1,342,092 1,847,139 1,896,483 1,630,395 2,818,261 3,410,2G5 3,430,309 3,300,416 3,328,580 3,547,966 3,113,804 2,843,764 Total.... 43.619,200 43,051,022 33,694,795 40,881,392 19,224,084 34,56S,418 I I I j 3,822,369 3,454,918 4,046,854 3,944,412 43,239,309 \ 1 Compiled b y the American Iron and Steel Institute comprising reports from steel plants whose actual production during these years was as follows: 1917, 37,187, '325 tons, or 83 per cent of the total production in the United States during that year; 1918, 35,922,291 tons, or 83 per cent; 1919, 28,682,604 tons, or 85 per cent; 1920, 34,432,252 tons, or 84 per cent; 1921,16,826,946 tons, or 87 per cent; ,1922, 29,116,453 tons, or 84 per cent; 1923,41,228,739 tons, or 95 per cent. These data were prorated to 100 per cent by dividing the total tonnage reported by the percentage of total production which the reporting firms represented. 2 Interpolated by dividing equally between each month the total for the period. PRODUCTION OF HOSIERY1 MEN'S Total (all classes) MONTH Full fashioned Seamless WOMEN'S Full fashioned Seamless BOYS' AND MISSES' (all styles) CHILDREN'S AND INFANTS' (all styles) ATHLETIC AND SPOKT (all styles) Dozens of pairs 3,833,654 68,336 1,487,158 475,277 1,065,633 375,007 345,118 18,837 3,775,591 4,289,049 4,001,093 4,213,902 79,062 65,849 67,208 64,394 1.395.501 1,591,057 1,467,470 1,561,538 411,928 475,779 473,514 504,715 1,248,676 1,370,842 1,236,588 1,309,072 350,096 413,590 389,519 386,037 290,328 353,952 348,544 371,780 17,980 18,250 10,366 June July August September 3,874,150 3,478, 217 3,860,265 3,530,556 84,073 59,839 75,960 51,991 L, 456,311 L, 315,746 1,593,415 L. 449,298 493,164 432,000 491,742 460,831 1,093,625 985,923 928,777 845,068 380,171 342,885 392,735 368,888 October November December 4,025,823 3,885,316 3,236,227 69,931 72,134 61,259 1,634,563 1,587,766 1,306,073 529,657 520,508 434,209 978,096 942,556 782,738 414,345 390,562 296,251 349,490 322,016 357,663 336,031 378,954 351,889 335,647 17,316' 19,808 19,973 18,449 20,277 19,901 20,050 3,878,298 73,120 1,603,075 479,749 946,276 369,461 385,653 20,964 1923 monthly average (11 months).. February March April May January 1923 : 1924 1 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 270 identical establishments representing 349 mills which produced approximately 62 per cent of the total value of hosiery reported in the biennial Census of Manufactures, 1921. 1 Not reported separately for this month. 62 WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED* FLAXSEED CANE S U G A R YEAR Java United States i Brazil Hawaii Porto Rico Cuba India May Oct. Oct. Nov. Dec. Dec. Dec. World total World total 9,971 11,293 12,776 13,442 14,508 13,324 13,799 13,656 14,563 14,589 1,514 1,054 1,797 2,009 1,960 1,478 1,473 1,579 1,906 1,993 311 247 139 311 246 284 122 176 328 295 >38 344 486 413 493 440 496 580 551 *667 567 646 593 645 577 600 556 522 592 *537 1923 latest estimates 15,232 1,971 172 710 605 India Jan.* Apr. United Canada States Aug. Aug. Thousands of bushels Thousands of short tons 1909-1913 averaee 1914 . 1915... . 1916 1917 1918 1919 1920 1921 1922 Argentina a 379 2,295 2,967 3,437 3,442 3,957 4,597 . 4,209 4,408 4,517 »4,034 2,614 2,757 2,950 3,058 3,708 2,617 3,361 2,826 2,925 '3,409 110,992 94,559 103,287 82,151 41,063 61,821 61,692 87,964 83,288 94,000 31,989 36,928 45,040 39,289 4,032 19,588 30,775 42,038 50,470 44,286 19,870 15,448 15,880 19, (M0 21,040 20,600 9,400 16,760 10,800 17,440 19,505 13,749 14,030 14,296 9,164 13,369 7,256 10,774 8,029 10,375 12,040 7,175 10,628 8,260 5,935 6,055 5,473 7,998 4,112 5,009 407 4,271 3,629 127,000 63,225 21,280 17,429 7,140 363 346 484 503 454 406 485 490 408 3 From private sources. * New crop available In January of the year indicated; January, 1924, estimate is 63,225,000 bushels. i Louisiana and Texas, i Exports. WORLD PRODUCTION OF BEET SUGAR* World total i United States Germany Czechoslovakia Russia Netherlands Poland Belgium France Italy Spain Denmark Sweden YEAR Thousands of short tons 1909-1913 average .1914 . . . 1915 1916 1917 1918 1919 1920.: v 1921 1922 1923 latest estimates 1 1 8,432 8,331 6,056 5,808 5,208 4,592 3,490 4,997 5,443 *5,700 610 722 374 821 765 761 726 1,089 * 1,074 «711 2,296 2,721 1,678 1,721 1,726 1,404 808 1,212 1,416 1,605 1,017 1,004 812 805 584 688 559 770 726 *821 1,726 1,879 1,824 1,457 1,134 318 86 55 61 V245 6,202 934 1,180 1,080 398 Crops in all countries here given are harvested beginning in September. From private sources. 239 293 263 249 106 195 198 1294 246 316 264 286 215 182 263 314 412 303 276 215 120 140 136 78 152 268 315 '293 759 334 150 204 221 121 171 370 < 319 515 209 166 166 160 162 120 185 150 234 300 116 112 117 139 154 169 91 104 80 '176 128 168 143 124 149 156 149 168 156 94 154 170 140 151 144 141 141 181 259 »79 341 274 309 516 339 187 121 165 279 ' Includes Ukraine; data from private sources. * Refined sugar in terms of raw on the basis of 95 per cent of the raw. WORLD PRODUCTION OF RICE* Country.. World total3 New crop available- India Egypt United States Italy Spain Japan Dutch East Indies i Philippines Apr. Apr. Aug. Sept. Sept. Nov. Dec. Dec. Millions of pounds (cleaned) Normal consumption (1909-1913). 1909-1913.. 1914 1915 1916 1917 1918 1919 , 1920 1921 1922 1923 latest estimates.. 1 67,891 110,780 116,000 126,000 131,000 134,000 109,000 128,000 118,000 129,000 131,000 518 297 337 320 329 322 283 412 394 356 373 14,009 17,909 17,569 18,360 17,143 17,184 19,106 19,849 17,336 19,067 7,349 7,826 7,964 7,912 8,323 8,433 9,179 7,716 6,943 6,451 1,124 1,404 1,100 1,289 1,745 2,213 2,089 2,247 2,565 2,681 330 18,303 6,904 2,703 72,950 61,109 73,315 78,521 80,638 54,526 71,743 61,963 74,446 74,294 553 61 551 230 487 692 244 283 472 »33 481 657 804 1,135 965 1,072 1,166 1,150 646 741 763 708 716 712 662 614 641 >632 63,376 270 924 670 1,446 1,045 »Exclusive of China: Chinese crop estimated at 52,788,000,000 pounds in 1920 and 70,218,667,000 in 1917. 14,602 375 63 WORLD PRODUCTION OF COTTON* Country.. World total New crop available Peru United States Mexico India Brazil Egypt June August August November September September Thousands of bales (478 pounds net) 1909-1913 average 1914 1915 1916 1917 20,660 24,630 18,470 • 18,970 18,370 106 129 113 127 125 13,033 16,135 11,192 11,500 11,302 193 108 95 103 135 3,584 4,354 3,128 3,7S9 3,393 322 337 282 281 345 1,453 1,337 9S9 1,048 1,304 1918 1919 . 1920 1921 1922 . . . - 18,580 19,925 20,940 15,391 18,705 142 155 164 157 137 12,041 11,421 13,440 7,954 9,762 203 199 188 147 U78 3,328 4,853 3,013 3,748 14,336 339 384 451 505 553 999 1,155 1,251 902 1,170 1923, latest estimates 19,125 10,081 138 4,219 . - i From private sources. 1,213 * 1922 acreage 12,496,000 compared with 11,976,000 In 1921. WORLD PRODUCTION OF WHEAT* Country... World t o t a l New crop available Argen- tina Australia India United States Spain Italy France Germany Rumania Canada January January March July August August August August August September 221 34 116 Millions of bushels Normal consumption (1909-1913) 64 37 301 581 136 236 361 - 1909-1913 average 1914. 1915 1916.... 1917 3,577 3,586 4,199 12,609 12,288 157 105 169 169 SO 85 103 25 179 152 351 312 377 323 382 690 891 1,026 636 637 130 116 139 152 143 183 170 171 177 140 313 283 223 205 135 152 146 142 *110 »82 87 49 89 78 197 161 394 263 234 1918 1919 1920 1921 1922 12,804 12,743 12,868 13,069 13,096 224 180 217 156 191 115 76 46 146 129 370 280 378 250 367 921 968 833 815 868 136 129 139 145 125 183 170 141 194 162 226 »182 *237 4 323 '243 >S6 *80 «83 *108 *72 *18 166 «81 *79 492 189 193 263 301 400 196 259 109 126 369 786 157 225 290 106 103 474 1923, latest estimates 1924. latest estimates < New boundaries. * Russia excluded. No accurate statistics are available. * Excludes Alsace-Lorraine. * Former kingdom, Bessarabia and Bukowina. ' Excludes Dobnija. K 1 ? i t a compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information rectiytd Dy that department or by Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested. Corrected to March 20,1924. 64 SOURCES OF DATA CURRENT PUBLICATION 1 DATE OF PUBLICATION L-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN Cereal exports from Argentina. Price index for Australia Estadfstica Agro-Pecuaria Federal Reserve Bulletin • Federal Reserve Bulletin • Price index for Japan Price index for United Kingdom British Board of Trade Journal ...---. Price index for Canada Labour Gazette (Canadian) Employment in Canadian trade-unions Labour Gazette (Canadian) Operations of Canadian employment service.. Labour Gazette (Canadian) CANADIAN DEPARTMENT OF TRADE Foreign trade of Canada Foreign trade of Canada • AND COMMERCE. Canadian railroad operations Operating Revenues, etc., of Railways • „ . Canadian iron and steel production Press releases * FEDERAL FARM LOAN BOARD _. Agricultural loans by land banks Not published FEDERAL RESERVE BANK or ATLANTA. Wholesale trade Business Conditions -. FEDERAL RESERVE BANK OF BOSTON Savings deposits in First Fed. Res. Dist Monthly Review , FEDERAL RESERVE BANK OF CniCAGo Savings deposits in Seventh Fed. Res. Dist.. Business Conditions • Agricultural pumps Business Conditions FEDERAL RESERVE BANK OF CLEVE- Savings deposits in Fourth Fed. Res. Dist... Business Review LAND. FEDERAL RESERVE BANK OF DALLAS Wholesale trade-. Business Conditions FEDERAL RESERVE BANK OF KANSAS Wholesale trade... Business Conditions CITY. FEDERAL RESERVE BANK OF MINNE- Retail sales of lumber by rural yards Business Conditions APOLIS. FEDERAL RESERVE BANK OF NEW Foreign exchange rates and index Fed. Res. Bull, and daily statement • YORK. Savings deposits in Second Fed. Res. Dist Monthly Review , FEDERAL RESERVE BANK OF PHILA- Savings deposits in Third Fed. Res. Dist Business and Financial Conditions DELPHIA. Wholesale trade _ Business and Financial Conditions FEDERAL RESERVE BANK OF RICH- Savings deposits in Fifth Fed. Res. Dist Business and Agricultural Conditions MOND. Wholesale trade Business and Agricultural Conditions FEDERAL RESERVE BANK OF SAN Savings deposits in Twelfth Fed. Res. Dist..., Business Conditions FRANCISCO. Wholesale trade ! Business Conditions Automobile registrations Business Conditions FEDERAL RESERVE BOARD Foreign exchange index numbers Federal Reserve Bulletin Debits to individual accounts Fed. Res. Bull, and weekly press releases . Condition of Federal reserve banks Fed. Res. Bull, and weekly press releases •. Condition of reporting member banks Fed. Res. Bull, and weekly press releases *. Money held outside U. 8. Treasury and Fed- Federal Reserve Bulletin eral reserve system to July 1,1922. Wholesale price index numbers Federal Reserve Bulletin.... Department store trade; in cooperation with National Retail Dry Goods Association. Federal Reserve Bulletin Index numbers of department store, mailorder, and chain-store trade. Federal Reserve Bulletin Barley and rye receipts Sales of loose leaf tobacco Federal Reserve Bulletin Index of ocean freight rates Federal Reserve Bulletin Index numbers of production Federal Reserve Bulletin Wholesale trade Federal Reserve Bulletin FRENCH MINISTRY OF LABOR AND Price index for France . Federal Reserve Bulletin SOCIAL WELFARE. Bulletin de la Satisque Generale ILLINOIS DEPARTMENT OF LABOR Employment in Illinois *_.. The Employment Bulletin INDIAN DEPARTMENT OF STATISTICS.. Price index for India Federal Reserve Bulletin INTERSTATE COMMERCE COMMISSION. Railway revenues and expenses Preliminary statement Class I roads Telephone operating revenue and income Operations of large telephone companies... Telegraph operations and income Not published..._ Express operations and income Not published MASSACHUSETTS DEPARTMENT OF Massachusetts employment LABOR AND INDUSTRIES. Monthly statement * MASSACHUSETTS DEPARTMENT OF Milk receipts at Boston PUBLIC UTILITIES. Not published NEW YORK STATE DEPARTMENT OF New York State factory employment and LABOR. earnings. Labor Market Bulletin and press releases *. NEW YORK STATE DEPARTMENT OF New York State canal traffic , PUBLIC WORKS. Annual report _ _. PANAMA CANAL... Panama Canal traffic PENNSYLVANIA DEPARTMENT OF LAThe Panama Canal Record BOR AND INDUSTRY. Unemployment in Pennsylvania V S. DEPARTMENT OF AGRICULTURESemimonthly report • BUREAU OF ANIMAL INDUSTRY. Beef, pork, and lamb production , V. S. DEPARTMENT OF AGRICULTURE— Crops and Markets _.. B U R E A U OF AGRICULTURAL Prices of farm products to producers. ECONOMICS. Crops and Markets Wool stocks in dealers' hands , Crops and Markets Crop production Cold-storage holdings and.__ fish frozen Movement of cattle, hogs, and sheep..,Crops and Markets and press releases *.... Receipts of butter, cheese, eggs, and poultry. Crops and Markets Production of dairy products Crops and Markets Car lot shipments of fruits and vegetables Crops and Markets _ Farm labor, wages, supply, etc , Crops and Markets f World crop production. Crops and Markets I Livestock on farms Crops and Markets U. S* DEPARTMENT OF AGRICULTURE- Total lumber production from 1913 to 1020.... Foreign crops and markets * FOREST SERVICE. I Wood pulp production, 1914 and 1916 Crops and Markets Production of Lumber, Lath, and Shingles, D. S. DEPARTMENT OF COMMERCE— I Cotton ginned Pulp Wood Consumption and Wood-Pulp consumed and on hand Production. BUREAU OF THE CENSUS. "'I Cotton " " Preliminary report on ginnings • ' Active textile machinery Leather, hides, shoes, production and stocks... Preliminary report on cotton consumed.-. Wool machinery and cotton spindles * Cottonseed and cottonseed oil Census of hides, skins, and leather * Hoisery statistics Preliminary report on cottonseed Men's and boys' clothing Press release * I Malleable castings Press release * ! Wheat flour production from May, 1923 Press release • I Pyroxylin coated textiles Press release * , } Stokers, sales from January, 1923 , Press release * .. i Stocks of tobacco held Press release • Wool consumption Statement on stocks of leaf tobacco Wool stocks.. Press release * Work clothing , Press release • » Cast-iron pipe Press release * _:... * Multigraphed or mimeographed sheets. Press release * _ ARGENTINE MINISTER OP AGRICULTURE AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS. BANK OF JAPAN BRITISH BOARD OF TRADE CANADIAN DEPARTMENT OF LABOR . . Monthly. Second week of month. Second week of month. Monthly. Semimonthly. Semimonthly, Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Daily and monthly, Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly (second week of month). Sunday papers and monthly. Fri. morning papers and monthly. Fri. afternoon papers and monthly Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Second week of month. Monthly. Monthly. Monthly Yearly. Last weekly issue of month. Semimonthly, Monthly supplement. Monthly supplement. Monthly supplement. y Releases about 1st of month (cotton) and 10th (other crops). Monthly supplement. Monthly supplement. Weekly. Quarterly. Monthly supplement. Monthly supplement. Weekly. Annually. Yearly. Yearly. Semimonthly during season. 15th of month. 20th of month. First week of month. 18th of month. 30th of month. 30th of month. 30th of month. 30th of month* 30th of month. 20th of month. One month after end of quarter. 30th of month. Quarterly. 30th of month. 25th of month. 65 SOURCES OF DATA—Continued CURRENT PUBLICATION DATE OF PUBLICATION I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued tr. S. DEPARTMENT OF COMMERCE— BUREAU OF THE CENSUS. U. S. DEPARTMENT or COMMERCE™ BUBIAU or FISHERIES. XL 8. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE. U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION. U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS. u. S. GRAIN CORPORATION u. S. DEPARTMENT OF THE INTERIORBUREAU OF MINES. tr. S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY. U. S. DEPARTMENT OF THE INTERIOR— U. S. PATENT OFFICE. U. S. DEPARTMENT OF THE INTERIOR— DIVISION OF NATIONAL PARKS. u. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE. U. S. DEPARTMENT OF LABOR—BUREAU OF IMMIGRATION. U. s DEPARTMENT or LABOR—BUREAU OF LABOR STATISTICS. U. S. POST OFFICE DEPARTMENT tj. S. DEPARTMENT OF STATE u. S. TREASURY DEPARTMENT U. S. TREASURY DEPARTMENT—BUREAU OF THE MINT. u* S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE. U. S. WAR DEPARTMENT—ENGINEER CORPS. U TT?' W A R DEPARTMENT—MISSISSIPPI WARRIOR SERVICE. WAR FINANCE CORPORATION WISCONSIN INDUSTRIAL COMMISSION.. Produc. indexes of raw materials and manfrs.. Survey of CurrentBusiness. Fats and oils, production, consumption, and Statistics of fats and oils •-. stocks. Fabricated struc. steel sales from Apr., 1922. „ Press release • Automobile production from July, 1921 Press release * Wood chemical operations Press release * Steel castings sales Press release * Steel furniture shipments Press release * Earnings of public utilities Survey of Current Business. Plumbing goods price index _ Survey of Current Business. Fish catch at principalfishingports Monthly statement All imports and exports _• Mon. Sum. Foreign Commerce (Part I)*., Fuel loaded for consumption by vessels at Not published principal clearing ports. Tonnage of vessels, entered and cleared in Mon. Sum. Foreign Commerce (Part II).. United States foreign trade. Data on trade, employment and coal and iron Various foreign sources , production of foreign countries. Wholesale Prices Wholesale price of wool Warehouse stocks of rice Mon. Sum. Foreign Commerce (Part II).. Vessels under construction and vessels com- Commerce Reports pleted. Building material price indexes Not published , Wheat flour production, prior to July, 1920._, No longer published., , Refined petroleum products, production, etc.. Refinery Statistics • Portland cement, production, etc Report on Portland cement output • Coal and coke production Weekly report on production of coal * Preliminary statistics on petroleum * Crude petroleum, production, etc. Production of electric power * Electric power production Consumption of fuel by public utility plants__ Production of electric power * Mineral Resources Figures on nonferrous metal production Not published _ Patents granted Monthly. Quarterly (one month after end of quarter). 15th of month, 20th of month. 30th of month. 20th of month. 20th of month. Monthly. Monthly. Last week of month. Middle of next month. Yearly. Monthly. First weekly Issue of month (Mondays). Second week of month. 20th of month. Second or third weekly issue of mo. 25th of month. End of month. End of month. Annually. Visitors to National Parks _ Not published Monthly. First week of month. Number on pay roll—United States factories,, Industrial Survey * Report of Activities of State and Munici- Every 4 or 5 weeks. Employment agency operations pal Employment Agencies. Immigration and emigration statistics , Not .published Wholesale prices of commodities, including farm products, food, clothing, metals, etc. Wholesale price index Retail price index of foods Retail coal prices "United States postal savings -. Postal receipts Passports issued Government debt, receipts and disbursements Money in circulation from July 1, 1922 , Domestic receipts of gold at mint Wholesale Prices of Commodities . Monthly Labor Review Monthly Labor Review Monthly Labor Review Postal Savings News Bulletin Statement of Postal Receipts * Not published Daily Statement of the U. S. Treasury... Circulation of money Not published Oleomargarine production _ Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles... Iron ore movement Sault Ste. Marie Canal traffic Ohio River cargo traffic Barge traffic on Mississippi River Not published Statement of tax-paid products * Classified collections of Internal Revenue. Monthly statistical report _ Monthly statistical report Not published Not published in form used Agricultural loans Wisconsin factory earnings and employment.. Bulletin on Wisconsin labor market • Monthly. Monthly. Monthly. 12th of month. 7th of month. 10th of month. Last day of month. Monthly. First week of month. 25th of month. Monthly during season. Monthly during season. Monthly. • 15th of month. EL—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS (Excluding individual firms reporting data to be combined with other firms or trade associations) ABERTHAW CONSTRUCTION C O ABRASIVE PAPER AND CLOTH M A N U FACTURERS* EXCHANGE. AMERICAN MANUPACTUBERS ASSOCIATION o r PRODUCTION FROM C O R N . S ? I C A N B U R E 1 1 7 OV METAL STA- Copper, silver, and lead production Zinc production in Belgium Zinc stocks in United Kingdom Face brick production, stocks, etc Stocks of newsprint paper Steel ingot production Gasoline and kerosene consumption Merchant pig iron production, etc Freight car surplus and shortage Car loadings and bad-order cars Stockholders in the company A Walnut lumber and logs T A^CAN ^ MANUFACTURERS' ASSOCIATION. AMERICAN WRITING PAPER COMPANY. AMERICAN ZINC INSTITUTE A ™ R A C I T E BUREAU OF INFORMAIION. ASSOCIATED KNIT UNDERWEAR MANA « « A C T U R E R S ' ASSOCIATION. ASSOCIATION OF LlFE INSURANCE PRESIDENTS. SS11 Not published Corn ground into starch, glucose* etc A « S 5 I C A N ? A C E B B I C K ASSOCIATION-. AMERICAN NEWSPAPER PUBLISHERS' ASSOCIATION. AMERICAN IRON AND STEEL INSTITUTE. A M E E I C A N PETROLEUM INSTITUTE.... AMERICAN PIG IRON ASSOCIATION.... AMERICAN RAILWAY ASSOCIATION (Car Service Division). AND TELB TELB GRAPHC I T E L0 E PNH 0EN E AND ' Construction trade papers... Not published Building costs Sale of abrasive paper and cloth _* Not published Not published Not published Not published Monthly report Press release to trade papers •„. :ial statement statement. Special Not published — Information Bulletin' Car Surplusages Financial papers.and Shortages *. Not published. Purchases and sales of paper ___ Not published Press release to trade papers • Produc. and stocks zinc, retorts operating Statement of anthracite shipments • Anthracite shipments and stocks Monthly report * Knit underwear production New life insurance business Premium collections Automobile accessory sales Not published Not published Trade Papers Cape Cod Canal traffic Not published * Multigraphed or mimeographed sheets. Monthly. 7th of month. Weekly. Weekly. Third week of month. Quarterly. -- ; 13th of month. | 15th of month. Monthly. Monthly. i Imports and exports of gold and silver in Fart II. 66 SOURCES OF DATA—Continued DATE OF PUBLICATION CURRENT PUBLICATION SOURCB n.-REFORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued (Excluding individual firms reporting data to be combined with other firms or trade associations) BOSTON CHAMBER OF COMMERCE BRIDGE BUILDERS AND STRUCTURAL SOCIETY. BUREAU OF RAILWAY ECONOMICS CALIFORNIA REDWOOD ASSOCIATION. _ CALIFORNIA WHITE AND SUGAR PINE ASSOCIATION. CHICAGO BOARD OF TRADE CHILDS CO CLEVELAND TRUST CO COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ. CONTAINER CLUB CREDIT CLEARING HOUSE DAIRYMEN'S LEAGUE COOPERATIVE ASSOCIATION, INC. F. W. DODGE CORP EMPLOYERS' ASSOCIATION OF DETROIT, ENAMELED SANITARY MANUFACTURERS' ASSOCIATION. FEDERATION OF IRON AND STEEL MANUFACTURERS (British). FELT MANUFACTURERS ASSOCIATION. FINE COTTON GOODS EXCHANGE FIRE EXTINGUISHER EXCHANGE FOUNDRY EQUIPMENT MANUFACTURERS' ASSOCIATION. HARDWOOD MANFKS. INSTITUTE HAFFARDS, G. M., <fc Co HYDRAULIC SOCIETY ILLUMINATING GLASSWARE GUILD IOWA-NEBRASKA CANNERS' ASSOCN __ JACKSONVILLE CHAMBER OF COMMERCE JONES BROS. TEA CO LAKE SUPERIOR IRON ORE ASSOCN LEATHER BEITINO EXCHANGE LIFE INSURANCE SALES RESEARCH BUREAU. MAPLE FLOORING MANFRS. ASSOCN.. MCLEAN BUILDING REPORTS, LTD MERCHANTS' EXCHANGE OF ST. LOUIS MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION. MINNEAPOLIS CHAMBER OF COM MEKCE. NATIONAL ALLIANCE OF CASE GOODS ASSOCIATION. NATIONAL ASSOCIATION OF BRASS MANUFACTURERS. NATIONAL ASSOCIATION OF BUTTON MANUFACTURERS. NATIONAL ASSOCIATION OF CHAIR MANUFACTURERS. NATIONAL ASSOCIATION OF CORRU^ GATED AND FIBER BOX MANFRS. NATIONAL ASSOCIATION OF FARM EQUIPMENT MANUFACTURERS. NATIONAL ASSOCIATION OF FINISHERS OF COTTON F ABRICS. NATIONAL ASSO CIATION OF HAT MANUFACTURERS. NATIONAL * ASSOCIATION OF STEEL FURNITURE MANUFACTURERS. NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. NATIONAL ASSOCIATION OF WOOL MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. NATIONAL BOTTLE MANFRS. ASSOCN... NATIONAL CONTAINER ASSOCIATION NATIONAL ELECTRICAL CREDIT ASSOCIATION. NAT. INDUS. CONFERENCE BOARD NATIONAL MACHINE TOOL BUILDERS' ASSOCIATION. NATIONAL PAVING BRICK: MANUFACTURERS' ASSOCIATION. NATIONAL RETAIL DRY GOODS ASSO NATIONAL WOOD CHEMICAL ASSO . . . I NEW ORLEANS BOARD OF TRADE NEW ORLEANS COTTON EXCHANGE NEWS PRINT SERVICE BUREAU NEW YORK COFFEE AND SUGAR EX... NEW YORK METAL EXCHANGE „ NEW YORK TRUST COMPANY NORTH CAROLINA PINE ASSOCIATION.. NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION. NORTHERN PINE MANFRS. ASSOCN.... OAK FLOORING MANFRS. ASSOCN..^ . . . OHIO FOUNDRYMEN'S ASSOCIATION OPTICAL MANUFACTURERS' ASSOCN PACIFIC CANNED FISH BROKERS' ASSOCIATION. Trade papers Receipts of wool at Boston Fabricated structural steel sales before April, No longer published.. 1922. Summary of operating statistics.. Number of tons carried 1 mile Not published Average receipts per ton-mile Summary of operating statistics., Passengers carried 1 mile Not published , Railway employment Not published , Locomotives in bad order Not published Per cent of earnings on valuation Not published , Redwood lumber production, etc Not published Sugar pine lumber production, etc Trade papers Wheat, corn and oats, receipts, etc Monthly report Restaurant sales Automobile production, monthly, January, Not published currently. 1920, to June, 1921. Lc Canal de Suez Suez Canal traffic Production of paper box board through April, Not published 1923. Credit Credit conditions Milk deliveries to milk plants Not published Statement on Building Statistics Building statistics—Contracts awarded. Weekly press release Detroit factory employment Not published Enameled sanitary ware Trade papers British iron and steel production Daily. Monthly. Monthly. Daily. Monthly. 5th, 15th, and 25th of month Weekly. Monthly. Second week of month Roofing felt production, stocks, etc Fine cotton goods production and sales.. Shipments offireextinguishers Foundry equipment production Not published Trade papers Not published Stocks and unfilled orders hardwood lumber.. Fall River Mill dividends Hydraulic machinery shipments, etc Illuminating glassware production, orders, etc, Unsold stock of sweet corn Turpentine and rosin receipts , Sales. Consump.and Stocks of Lake Superior Iron Ore. Sales of leather belting Life insurance sales Monthly report Quarterly. Bradstreets Not published Not published Weekly. Weekly report * Weekly. Naval Stores Review Monthly. Financial papers Monthly report* Monthly report (not published) Monthly release . . . . _ „ . . 18th of month. Mapleflooringproduction, etc _ , Canadian building contracts , Receipts and shipments of lead and zinc Mississippi River traffic _. Hardwood and softwood lumber, production and shipments. Linseed oil and oil-cake shipments Not published Canadian Building Review Receipts and shipments at St. Louis _ Not published Not published Unfilled orders and shipments of furniture Brass faucets, orders and shipments.__ Button stocks, activity, etc ,* Monthly. Monthly. 3d of month Monthly statements Not published in form used, Not published , Weekly report , Not puolished in form used. Production of paper box board through April, Not published 1923. Agricultural pumps , Business conditions (Chicago Federal Reserve). Finished cotton goods, billings, orders, Not published ments, and stocks. Hat production, etc., and stocks of fur Not published Steel furniture shipments.Not published Weekly. Chair shipments and unfilled orders Sheet-metal production and stocks Monthly Not published 1913figuresfor active textile machinery No longer published.. Production and shipments of passenger cars and trucks. Glass bottle production index Production of paper box board since April, 1923 Credit conditions.. Traffic bulletin* (production figures not published). Not published Not published Not published Second week of month. Cost of living. , Machine-tool orders, etc... Paving-brick production, etc.. Monthly press releaseNot published 21st of month. Monthly report. Department store trade (see Fed. Res. Bd.) I Federal Reserve Bulletin..., Production of wood alcohol and acetate of lime. Not published Rice distribution through New Orleans Monthly report ™~' Cotton receipts into sight Monthly report Canadian newsprint production, etc „_ Monthly bulletini... United States newsprint data since June, 1923.. Monthly bulletin Coffee receipts, stocks, etc Monthly statement Stocks of tin Trade papers Indexes of stock and bond prices The Index,. """ North Carolina pine, production, etc Not published Hemlock and hardwood lumber production, Not published etc. Northern pine lumber and lath , Not published Oakflooring,production, etc Not published Ohio foundry iron production Monthly report* (not published)'.! Spectacle frames and mountings, sales, etc Not published Shipments of canned salmon Not published " * Multigraphed or mimeographed sheets. Monthly. First week of month. First week of month. First week of month. First week of month. Monthly. Monthly. 67 SOURCES OF DATA—Continued .—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued (Excluding individual firms reporting data to be combined with other firms or trade associations) PENNSYLVANIA RAILROAD CO PENSACOLA CHAMBER OF COMMERCE.. PHILADELPHIA MILK EXCHANGE PORTLAND CEMENT ASSOCIATION , PREPARED ROOFING MANFRS. ASSOCN PULLMAN COMPANY REFRACTORIES MANUFACTURERS' ASSOCIATION. RICE MILLERS' ASSOCIATION , ROPE PAPER SACK MANFRS. ASSOCN. RUBBER ASSOCIATION OF AMERICA RUBBER GROWERS* ASSOCIATION SAVANNAH BOARD OF TRADE SAVINGS BANKS ASSOCIATION OF STATE OF NEW YORK. SILK ASSOCIATION OF AMERICA SOUTHERN FURNITURE MANUFACTURERS* ASSOCIATION. SOUTHERN PINE ASSOCIATION ... STEEL BARREL MANFRS. ASSOCN STEEL FOUNDERS' S O C I E T Y . . . . . . . . STOKER MANUFACTURERS' ASSOCN STRUCTURAL STEEL SOCIETY TANNERS' COUNCIL TUBULAR PLUMBING GOODS ASSOCN, _ TWIN CITY MILK PRODUCERS' ASSOCIATION. U. S. STEEL CORPORATION Stockholders in the company „ Turpentine and rosin receipts Milk receipts at Philadelphia Cement paving contracts Shipments of prepared roofings Pullman passenger traffic. Fire-clay brick production, etc Silica brick production, etc Rice receipts, stocks, etc Shipments of rope paper sacks ___ Automobile tires, tubes, and raw material Rubber stocks in England Turpentine and rosin receipts __ Savings banks deposits in New York State Financial papers i Quarterly. Naval Stores Review | Weekly. Not published | Concrete Highway Magazine Monthly. Not published__ Not published Not publishedNot published Monthly report Not published Monthly reports (not published) Bulletin of Rubber Growers Association. Monthly. Naval Stores Review Weekly. Not published Raw silk consumption, etc „ Furniture shipments and unfilled orders Yellow pine production and stocks Steel barrel shipments, orders, etc Sales of steel castings Sales of stokers through December, 1922 Sales of fabricated structural steel Leather production through May, 1922 Tubular plumbing sales Milk production, Minnesota Monthly press release to trade papers • Not published in form used Not published in form used Monthly reports • (not published). Not published,. No longer published Not published Not published.. Semiweekly reports Not published 5th of month. Press release * Press release * Financial papers Special reports * Typothetae Bulletin... Monthly press release * Not published......... Not published. *.. Not published 10th of month. Monthly. Quarterly. Occasionally. Monthly. Unfilled orders _ Earnings Stockholders Wages of common lab.r UNITED TYPOTHETAE OF AMERICA Printing activity WALDORF SYSTEM, INC Restaurant sales WEST COAST LUMBERMEN'S ASSOCN _. Douglas fir lumber production, etc WEBBING MANUFACTURERS' EXCH Sales of elastic webbing. WESTERN PINE MANUFACTURERS' Western pine lumber production, etc - ASSOCIATION. DATE OF PUBLICATION SOURCE III.—REPORTS FROM TECHNICAL PERIODICALS AMERICAN METAL MARKET. THE ANNALIST THE BOND BUYER. BRADSTREET'S BULLETIN DE LA STATISTIQUE GENERALE CHEMICAL AND METALLURGICAL ENGINEERING. COAL AGE , r COMMERCIAL AND FINANCIAL CHRONICLE Dow, JONES & Co. (WALL STREET JOURNAL). DUN'S REVIEW „ ELECTRICAL W O R L D " " " " " " " " " " . ! ENGINEERING AND MINING JOURNAL-PRESS.. ENGINEERING NEWS RECORD FINANCIAL POST FRANKFURTER ZEITUNG HAY TRADE JOURNAL IRON AGE IRON TRADE REVIEW., LONDON ECONOMIST LUMBER MANUFACTURERVREV " MANUFACV'"RV~vr"rrrr MILK REPORTER.. . MODERN M I L L E R . . . . \ NAVAL STORES REVIEW V. NEUE ZURICHER ZEITUNG NEW YORK JOURNAL OF COMMERCE NEW YORK EVENING POST. NORTHWESTERN MILLER OIL, PAINT, AND DRUG REPORTERSOIL TRADE JOURNAL PRINTERS1 INK. PUBLISHERS' WEEKLY KUSSBLI/S COMMERCIAL'NEWSr.".."". STATISTICAL SUGAR TRADE JOURNAL. bVENSK HANDELSTIDNING Composite pig iron and steel prices _._ New York stock sales New York closing stock prices _ Foreign exchange rates, 1914 to 1918-_ State and municipal bond issues Municipal bond yields Visible supply of wheat and corn Bank clearings, United States and Canada Wholesale price index Business failures, Canada Price index for France Chemical price index Mine price of bituminous coal Cotton (visible supply) and interest rates Mail order and chain store sales New corporate securities New York bond sales and prices Mexican petroleum shipments.. Business failures and wholesale price index Sales of electrical energy, central stations Rand gold production and silver prices Construction cost and volume index Canadian bond issues Price index for Germany Hay receipts Pig-iron production and furnaces in blast Composite finished steel price Iron and steel prices Railway freight car orders -Price index for United Kingdom Price indices of lumber Southern construction and southern bond issues Milk receipts at Greater New York Argentine visible supply of wheat and corn Turpentine and rosin, receipts and stocks Price index for Switzerland Dividend and interest payments New capital issues and new corporations Fire losses ,— Newspaper advertising Flaxseed, receipts, etc Wheat flour production for 1917 Price indices of drugs, oils, etc Argentine visible supply of flaxseed.. Mexican petroleum shipments.. Magazine advertising Book production — Wheat flour production, from July, 1920 Sugar stocks, receipts, meltings, and Cuban statistics.. Price index for Sweden * Multigraphed or mimeographed sheets. O First or second week of month (daily). First weekly issue of month (Mondays). Weekly (Mondays). Weekly (Mondays). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Weekly (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Monthly. Weekly (Wednesdays). Weekly (Thursdays). Weekly (Saturdays). Second or third weekly issue of month (Saturdays). Last issue of month. First week of month (daily). 20th of month (daily). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month. Weekly (Thursdays). Monthly. Weekly (Fridays). First weekly issue of month (Thursdays). Weekly (Thursdays). Weekly (Thursdays). First weekly issue of month (Thursdays). 10th of month. First weekly issue of month (Fridays). Monthly. Weekly. Weekly. Weekly (Saturdays). First week of month (daily). First week of month (daily). 10th of month (daily). Not published. Weekly (Wednesdays). Weekly (Mondays), Weekly (Mondays). 10th of month (monthly). Second week of month. Third week of month. Weekly compilation (daily). Weekly (Fridays). PUBLICATIONS OF THE DEPARTMENT OF COMMERCE Recent publications of the Department of Commerce having the most direct interest to readers of the SURVEY OF CUBBBJNT BUSINESS f.re listed below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce* at Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government Printing Office, Washington, at the prices stated below. If no price is mentioned, the publication is distributed free. OFFICE OF THE SECRETARY L u m b e r : HimspIJifled Practice Kecommcndiation.—This brllclin is a confirmation of the Elimination of Waste Series and contr. ns the recommended standards on lumber clapsification, j^r.Mie names, standard and extra standard sizes for lumber \a'-!s, meiliods of lumber ineasurenient, standard shipping woi^Lts, dipping, and other provisions. ! \ i ; | BUREAU OF THE CENSUS ; ; CFor circulars giving nLin of publication and distribution of Fourteenth Census publications address tho Director of the Census] Census of M a n u f a c t u r e s , 1921.--Industry bulletin series: Cotton minufacturrs, 29 pages; The leather industries, 53 pages; Co-dage, 1/wine, jute goods, linen goods, fur-felt hats, dyeing and finishing lextiles, oilcloth and linoleum, flax and hemp, dressed haircloth, mats and matting, 36 pages; Wearing appjuvl, 4 ^ pages; Chemicals and acids, 48 pages; Clay and reiractory products, 23 puges. Forest Products, series, 1922.—Pulp-wood consumption and wood-pulp production, 16 pages. Stale c o m p e u d l u m s , 1920.—Arkansas, 141 page?, price 25 cents; < 'alifornia, 190 pages, 30 cents. F o u r t e e n t h Census Report, Volume IV, Occupations, 1,309 fees. Price, $2.25. ' • ; j ' | \ j Foreign Capital I n v e s t m e n t s In Russian I n d u s t r i e s a n d C o m m e r c e , by Leonard .1. 1/jwery, :5<4siaii-f ch'ef, European and Levantine- Division. MiscelhiM'ous -S;*nV> No. 124, 28 pages. The report rrmtai:.- u -f^ume o*' th<\ foreign capital investments in Russian iudMs^ir^ n-x] <\>!;iin"iv*\ compiled from Soviet oflicial sources. Pnrv, 5 ce-ntn American Automotive ~**r;yducis in ludiiu by C. O. Batcholder, trade commission-'--. SprHuI A<?> nt-1 8 TICS No. 223; 61 pages. The study embraces an analysis <>f conditions affecting the autnmobi^ industry Mid vo;A;iiu< information concerning busine-s method*, Pnv«o, 10 <vnt*. Market Methods a n d Trade Usa^er. In London, i^mpiled by the staff of f he American pon.vthtc general in London. Special Consular Ropor^s N'». Ktf; SJ j>n-^'v. Bocau.^ of the importance of Lonrlon AS an international market, this study describes the methods of handling certain important commodities t\z typical of methods arid u>ja^c;- in London. A report on cotton at Liverpool is included. Price, 10 cents. BUREAU OF FISHERIES Artificial Propagation of Whlfeflsh, Grayling, a n d Lake | T r o u t , by Glen C. Leach, assistant In charge of fish culture*. ! Bureau of Fisheries Document No. 940; 32 pages. For the ! types of fish included, the points discussed are range and description, habits, commercial value, methods used in artificial propagation. BUREAU OF FOREIGN AND DOMESTIC COMMERCE Commerce Reports.—A weekly survey of foreign trade. Cable surrni arics of world conditions and articles on situation in various commodities in foreign countries. Quarto, 72 pages. Price. 10 tents per copy; $3 per year ($5 for foreign). Mo»{h»y S u m m a r y of Foreign Commerce of t h e Uiilleil ,v fates. - Parts 1 and 2. Gives total values by countries md by customs districts, movements of gold and silver in foreign trade, merchandise remaining in warehouse, and trade with noncontiguous territories of the United States. l^rive, 10 cents, including both parts; $1 per year. !1'-:K(le Rubber Survey: No. i. Marketing of Plantation "Rubber, I yT J. J. Blandin, special agent. Trade Information Bulletin ?« o. 1H0. Crude rubber is one of the raw materials under spe *ial investigation by the Department of Commerce, and this review of plantation rubber is the first of a series of reports growing out of the study of the rubber situation. Topics piesented are world rubber production and portion takf*, by l;i)ifed States, methods of direct purchase by United St.in>- frtr crms, Kuropean and Far Eastern markets. In the appendix ,o the report are printed the rules and regulations of the Kubber Association of North America. Protesting Drafts in Western a aid Northern Europe, prepared in the Division of Commercial Laws from reports Fubmitted by American consuls and representatives of the Department of Commerce. Trade Information Bulletin No. 1S2, H prgps. This bulletin is a continuation of the series, of which ni/;o numbers have already been announced. The methods of protesting drafts in these countries have been developed by the questionnaire plan in which was used a set of 10 questions covering the leading phases of tho subject. Methods of Merchandising American Wheat in t h e Export Trade: Part I. Buying Wheat for Export, by Theodore D. liamrnatt, special agent. Trade Information Bulletin No. 183; 71 pages. Methods employed by exporters are presented in dctaii, with accompanying illustrative material in forms and charts. Same: Part I I . Selling Anierican Wheat Abroad. Trade Information Bulletin No. 185; 78 pages. This part of the surve* discusses methods of operation, securing supplies handling vheat ai ports, sales practices and hazards, shipping , I>r&etices at New York. As in Fart. I, numerous forms are j BUREAU OF STANDARDS Wefc-Proee»s Enamels for Cast I r o n , by R. R. Dunielson, technologist, and H. P. Paiine-kur, assistant chemisi. Technologic Popcr No. 2US; 41 pages. This paper deals with an investigation of vitreous enamels to he applied u> cast iron by the wet process, both with and without ground coatb. Price, 10 cents. Exposure Tpat.s on Colorless Waterproofing Materials, by D. W. Keller. n.-?ociate phy>icis«. Tochr.ologic Paper No. 248; 34 page:?. The report describes ihe nature of several colorless walerpToofiii'; material^ and results of tests* in th«4r application to the surface of such porous materials as «tonot brick, and roncrele. Price, 15 rents. Les:ai Weights (1A P o u n d s ; per Bushel of Various Commodities. (Fourth edition, Jan. «2, 1924.) Circular No. 10; 18 pasjos. Price, .5 cents. Noiiifeerec!^ Cotton B a c k , United S»atos Govern m e a t s t a n d a r d sneciflcatlon No. 53. Circular No. I'M), Specifications officially adopted by ihe Federal Specifications Board for the i*=?e of the department^ and in(!cp«uidcrif estabJishinents of the Government in the purchase of numbered duck. Wai! Plaster: HH I n g r e d i e n t s , P r e p a r a t i o n , a n d P r o p erties. Circular No. 151; 06 pages. Price, 15 cents. BUREAU OF NAVIGATION Seagoing^ Vessels of t h e United States, 1933.—Part VI of the fifty-fifth annual list of merchant vessels of the United States for the year ended June 30, 1923. Price, Ho cents. Commercial a n d GoTemsnent liadlo Stations* of t h e United States, edition of June 30, 1923. Price, 15 cents. A m a t e u r Eadio Stations of tiie United States, edition of June 30, 1923. Price, 25 cents, COAST AND GEODETIC SURVEY Results of Observations Made at the United Statos Coast and Geodetic Survey Magnetic Observatory near Tucson, Ariz., in 1919 and 1920. by Daniel L. Hazard, Ui«'h:dcd. | assistant chief, Division of Terrestrial M&^netisui. Serial No. Cuban Market for Paper asid Paper Products, by C. A. j 248. Contains 98 pages of tables and 20 charts. Livcn$;<MK , trade commissioner, Habar-.a. Trade information j Hu]U-ti?i l\o. ll.V2; 15 pat>es. This is the third of a series* of l BUREAU OF LIGHTHOUSES bulletins issued on the paper markets of various Latin-American regions. The reports show ihnt the sfr'uisj competition frorn i Buoy Lists. Hawaiian and Samoan Islands, and Porto European sources makes necessary a thorough understanding [ Rieo and Adjacent Islands. — Both lints are corrected to of the factors controlling these markets. > November 1, 1923, Price, 20 cents each. DEPARTMENT OF COMMERCE HERBERT HOOVER, Secretary of Commerce BUREAU OF FISHERIES BUREAU OF THE CENSUS WILLIAM M. STKFART, Director ( Vf ic/ functions The taking of the decennial ccnsu., co\ering population, agriculture, manufactures, mines and quarries, and forest products, Decennial report oa wealth, public debt, ;*nd taxation, Including- principal iiuaneiai statistics on Federal, State, county, citj7, and townsliip govurmaeiito. Annual financial statistics of Slate and municipal govern- 1 ments —Sources uf revenue, objet. !> of pa\ inentrf, debt, tax levies. Decennial statistics relating to inmates of institutions, including paupers, insane, prid^u^rs, and juvenile delinquents. A census of agriculture in each middeeennial 3'ear, a biennial , ecus.is of manufactures, a qa^'.juennial census of electrical public utilities, statistics of marrh^e and divorce. Annual t-tatislks 01 births, deaths, causes of death, etc., in the registration area, wf the United States. Quarterly statistics uf leaf tobacco slocks and of production, stocks, and uun.sumpiioii «»f fats and oils. Monthly or semimonthly statistic- vt cotton ginning; cotton stocirs and consumption; the p? ,;i"jcti"';», stocks, and consuniption of hides and leather; the produ :i'v>:i of shoes; and statistics of active textile machinery and of movements in an increasing number of other industries. The compilation and publication, in the "Survey of Current • Business/' of monthly commercial and Industrial statistics. BUREAU OF FOREIGN AND DOMESTIC COMMERCE JULIO: KLEIN, Director Chief functions I The compilation of timely information concerning world market coaduious and openings for American products in for- ' eign countries secured through commercial attache'.-, and trade commissioner.^ of the Department of Commerce and the foreign service of the Department of State. The distribution of such information to American business through weekly ''Commerce reiK'Tts," bpecial bulletins, <*ouJidentinl circulars, the news and • trad;: pre-N, correspondence, and personal contact. Approximately 3,000 trade inquiries arc answered daily by the bureau 1 and its nine district office-. 1 The maintenawo of commodity, technical, nnd geographical divisions to a'Tord special service to American, export industries. The compilation and distribution of names of possible buyers aivl M^ei:ts for Am«-irui;in products in all parts of the world and publication of weekly lists of ^peeilie stiles opportunities abroad, Tbc maintenance of district and cooperative oim-esin 3^ cities , ""i ihf% Vnitct} Hia*«'" J.o expedite delivery <;f market information ; r<> bu-hi.-hs men and to keep the department advised as to tli<* iir^ent re<t«iirc-meut.s of American trades and industries. 'The publicaiion of olikual statistics on imports and exports. Tut* *4udy of the processes of domestic trade and commerce, • \Y\VI a view t<» their improvement and the fiisseminution of information obtained for the benefit of the public, as well as of tlu-'^i: directly e.oiict mew\ BUREAU OF STANDARDS Gicondjo I\. RuJUiwss, Director C't irf functi'j?is Custody cf standard.- t*f m e a s u r e m e n t , quality, performance, or pr.'iotiee. '»,lf,pred or r e a eiuzeJ by t h e Go\ e m i n e n t . Devel«'>prji'*r»! aiivi c«'ii.-.irj;ction of such s t a n d a r d s when neee?sary. l*c .Inj.-; }ir^i calibr:i?:.»n of iii»p, o rar:is a n d coinpitrison of s t a n d zii'I? '••'0-! )•;. **ic.it I(i«* u ; I'ther institutions with those in t h e h ,>icai constants and properties of ;»• <i -ii- K:.inina*i(»n rf Information showing ap,Tv ''.liMlr,..-. rjlinniiij?, and construction, inciud'v r'.;'s *«».d '*' d '.- and such other matters as may ( i m p ove. : ?-.,-'i ^heapeii construction and housing. iit^! K\i ,-* ::5:n^rcial practices and establishment ]! threu '•; c«;<;_iiTj.tive business organizations. of The ^i r*?-j! T^ubll^L -; -lv M-ric? of scientific and technical publications, rcpuvtin*^ tin* results of its researches and giving technical da la fundamental t'> U'.dw-^Ty. BUREAU OF LIGHTHOUSES GEORGES II. PUTNAM, Commissioner Chief functions The establishment} and maintenance of lighthouse, lightships, buoys, and other aids to navigation on i-11 * - -*oi, and the lake coast and on the rivers of the United Stato'. including Alaska, Hawaiian Islands, and Porto Rico. Trie publication of Light L>1s. i*uoy Lists, and >"ot.oes to Mariners, including information regarding all aid,> to :ia\ •j.i..uioR maintained by the Lighthouse Service. COAST AND GEODETIC SURVEY E, LssTEi? JONES, Director Chief functions The survey of the coasts of the United States and ;he. publication of charts needed for the navigation of the adjacent; waters, including Alaska, the Philippine Islands, Hawaii, Port') Rico, the Virgin Islands, and the Canal Zone. A comprehensive geodetic system, extending into th»» inferior, connects and coordinates the surveys <-f the eon-'ts. ..mi i- designed to furnish accurately determined i>v»j'nt> :n;.'! •! •viti'j.is in all parts of the country. These are available a---: :• l>u-<. f • -• Federal, State, and municipal survey:--, and ofjgmwr i-\ pr- •>- < t-; of every kind. The magnetic declination ha-, b**^:* d »U"'«r:r»ed at a large number of stations throughout the conriir-, and the results are available for the ui-n of Mirveyors and engineers. The technical operations include base, measures, brmngulation, traverse, precise level'ng, the determination of la -itude a'su azimuth, the determination of difference »»f longitude bv telegraph or radio, magnetic observations and researches, the preparation of magnetic maps, 1he determination <>i t)>o force of gravity, topography, hydrography, deep-sea1 "»:r>'l;r»j£s water temperatures, tidal and current observation -'. The results are published in the form <:f ciiarH >>n various scales, annual reports, coast pilots, tide tabJrs 'r>ui,h-ueu annually in advance), current tables, digests of geodetic pu'ilicaiions, and special publications. IX B. C/R C C»N. CoiuHii.ssioiier Chief functions ; , of standards and . nercial tirms or organizations. structural, engineering, and ; ^]--J.<} radio, r-^ium, inochr-Tji^al appliances,1 It-*,i/ier, jjapei\ rur»ber, and textiles; clay »:: *ffr:tf-t«»r:e^ rno'f.K ami metallurgy, and oil* .\- The propagation of useful food fishes, including lobster*., ov^t-ers, and other shellfish, and tlieir distribution to suitablewaters. Investigations of fish culture, fish diseases, and for the conservation of iishery resources and the development of coinmorcial fisheries. The stud:/ of the methods of the fisheries andfisheryindustries and the utilization of fishery products. The collection of statistics of fisheries. The administration of the Alaska salmon fisheries, the fur-seal herd on the Pribiiof Islands, and the Jaw for the projection of sponges off the coast of Florida. BUREAU OF NAVIGATION f ^>f 1 .oi« :h\l- and oporati« n uii,h ci HENRY O'MALLET, Commissioner Chi cf function* General superintendence of commercial marine and nuTch-Aiit seamen. Supervision of registering, enrolling, licensing inmji.erinit, e t c , of vessels under the United States tlag, and t ! ie annual jmblieation of a list of si]«*h ves«eNThe enforcement of the navigation ami steamboat i^.-pcctloa laws and the laws governing radio eo umuniValk-n, u.s v*t*:l ?.< duties connected with {PQ?. tines, tonnage taxes, ref iu»l', 'Hi-originating under such laws, STEAMBOAT INSPECTION SEE VICE viEORC.iv UnLUK, Supervising fn-»[)iictor ilvn*- ral Chi* (functions The inspection: • f v^-sseU, the licensing of Uie otliccrs -J{ ves~ . sels, and the administration <»f laws reiatin^ to such ^easclti and : their officers. The certiiicatfoii of nble teamen vjlm fv»im the , crews of merchant W P ^ K . | The inspection of vessels, including the types of boilers: the The Director has supervisior. of tho preparation of tecliDical testing of all materials subji-ct io tensile strain in mar ne buiienr the inspection of hull? and of life-saving equipment. specifications ilrough the Federal Specifications Board.