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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

/

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—

N ZL

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ERS -

0

1
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/
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//tt

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\

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L

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IHI IJ \int \\
—

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1924

•

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it
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1923

—i —! —i —

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[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

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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

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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



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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

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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

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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
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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

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METALS AND METAL PRODUCTS
(Other than iron and steel)

CHEMICALS

TOBACCO MANUFACTURES

j

VEHICLES FOR LAND
TRANSPORTATION

339
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1923

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TOTAL, ALL INDUSTRIES
(1,428 factories)

RAILWAY REPAIR SHOPS

PAPERjAND PRINTING

LUMBER AND ITS
MANUFACTURE

i
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300

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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''

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>

^ 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

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3

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mi

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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

\

\

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100

5TA1 ES

1

ED K INQD
L ^J

1

K
/

V
•

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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.