Full text of Survey of Current Business : December 1924
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS DECEMBER, 1924 No. 40 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS IMPORTANT NOTICE In addition to figures given from Government sources, there are also incorporated for completeness of service figures from other sources generally accepted by the trades9 the authority and responsibility for which are noted in the "Sources of Data" on pages 216—219 of the November issue Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents; quarterly issues, 20 cents. Foreign subscriptions, $2.25; single copies (monthly issues) including postage, 14 cents; quarterly issues, 31 cents. Subscription price of COMMERCE REPORTS is #4 a year; with the Survey, $5.50 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 OFFICE : 1024 INTRODUCTION The SURVEY OF CURRENT BUSINESS is designed to present each month a picture of the business situation by setting forth the principal facts regarding the various lines of trade and industry. At quarterly intervals detailed tables are published giving, for each item, onthly figures for the past two years and m< parisons, where available, back to 1913. In the intervening months the more important comparisons only are given in the " Trend of business "movements" which is omitted from the present issue. In the quarterly numbers (see issue for November, 1924, No. 39) blank lines covering the next three months have been left at the bottom of each detailed table which will enable those who care to do so to enter new figures as soon as they appear. OKA fHTTA-n in + Y\ £\ • * ' rl%»/vn r\ /"\T mioirtnaa TV» A T r n m cnr\ ADVANCE SHEETS Kealizing that current statistics are highly perishable and that to be of use they must reach the business man at the earliest possible moment, the department has arranged to distribute advance leaflets almost every week, whenever sufficient material is available, to those subscribers who request them. The leaflets are usually mailed on Thursdays, and give such information as has been received during the preceding week. The information contained in these leaflets is also reprinted in " Commerce Reports," issued weekly by the Bureau of Foreign and Domestic Commerce. T*he complete bulletin is distributed as quickly as it can be completed and printed. period has been chosen. In a few cases other base periods are used for special reasons. In all cases the base period is clearly indicated. The relative numbers are computed by allowing the monthly average for the base year or period to equal 100. If the movement for a current month is greater than the base, the relative number will be greater than 100, and vice versa. The difference between 100 and the relative number will give at once the per cent increase or decrease compared with the base period. Thus a relative number of 115 means an increase of 15 per cent over the base period, while a relative number of 80 means a decrease of 20 per cent from the base. Relative numbers may also be used to calculate the approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative number at one month is 120 and for a later month it is 144 there has been an increase of 20 per cent. INDEX NUMBERS When two or more series of relative numbers are combined by a system of weightings the resulting series is dominated an index number. The index number, by combining many relative numbers, is designed to show the trend oi an entire group of industries or for the country as a whole, instead of for the single commodity or industry which the relative number covers. Comparisons with the base year or with other periods are made in the same manner as in the case of relative numbers. BASIC DATA BUSINESS INDICATORS The figures reported in the accompanying tables are very largely those already in existence. The chief function of the department is to bring together these data which, if available at all, are scattered in hundreds of different publications. A portion of these data are collected by Government departments, other figures are compiled by technical journals, and still others are reported by trade associations. The diagrams on page 2 have been prepared to facilitate comparisons between a few of the more important business movements. The lines are plotted on what are known as ratio charts (logarithmic scale). These charts show the percentage increase and allow direct comparisons between the slope of one curve and that of any other curve regardless of its location on the diagram; that is, a 10 per cent increase in an item is given the same vertical movement whether its curve is near the bottom or near the top of the chart. The difference between this and the ordinary form of a chart can be made clear by an example. If a certain item, having a relative number of 400 in ono month, increases 10 per cent in the following month, its relative number will bo 440, and on an ordinary chart would be plotted 40 equidistant scale points higher than the preceding month. Another movement with a relative number of, say, 50, also increases 10 per cent, making its relative number 55. On the ordinary (arithmetic) scale this item would rise only 5 equidistant points, whereas the previous item rose 40 points, yet each showed the same percentage increase. The ratio charts avoid this difficulty and give to each of the two movements exactly the same vertical rise and hence the slopes of the two lines are directly comparable. The ratio charts compare percentage changes, while the arithmetic charts compare absolute changes. RELATIVE NUMBERS To facilitate comparison between different items and render the trend of a movement more apparent, relative numbers (often called "index numbers," a term referring more particularly to a special kind of number described below) have been calculated. The relative numbers enable the reader to see at a glance the general upward or downward tendency of a movement which can not so easily be grasped from the actual figures. In computing these relative numbers the last prewar year, 1913, or in some instances a five-year average, 1909-1913, has been used as a base equal to 100 -wherever possible. In many instances, comparable figures for the pre-war years are not available, and in such cases the year 1919 has usually been taken as the base. For some industries 1919 can not be regarded as a proper base, due to extraordinary conditions in the industry, and some more representative This issue presents practically complete data for the month of October and also, on page 23, items covering November received up to December 13. As most data covering a particular month's business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's operations, including relative numbers, cumulative totals, text, and charts, can not be presented in printed form under 45 days after its close, but the advance leaflets described above give considerable information as early as 15 days after its close., and present almost every week the latest data available. Summary for November based upon early items is given on page 2. MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS : : BUREAU OF FOREIGN AND DOMESTIC COMMERCE No. 40 : : BUREAU OF STANDARDS DECEMBER 1924 CONTENTS TEXT MATERIAL Page Preliminary summary for November __ . 1 Course of business in October: General summary 7 Summary of indexes of business 8 Review by principal branches of industry and commerce 10 GENERAL CHARTS Business indicators 2 October wholesale prices, peak and pre-war prices 4 Employment by major industrial groups. _ 6 Production, stocks, and unfilled orders 8 Comparison of wholesale price index numbers _ * 9 Stocks of raw cotton at northern and southern mills and warehouses 10 Stocks of petroleum—actual and number of days' supply-- 13 Building contracts awarded 15 Comparison of wholesale trade and wholesale prices 19 Business failures by principal classes of establishments 21 GENERAL TEXT TABLES Business indicators— Wholesale price comparisons - 3 * > GENERAL TEXT TABLES—continued Business summary Census of manufactures: 1923 November data Indexes of business (production, prices, sales, etc.; 7 22 .... 23 25 TREND OF BUSINESS MOVEMENTS Textiles Metals Nonferrous metals and fuels Automobiles Rubber and hides and leather Paper and printing _ Buttons and glass and optical goods Building construction __ Chemicals... Naval stores and fats and oils Foodstuffs -Tobacco Transportation — Public utilities and employment Distribution movement Banking and finance --Foreign exchange and trade Trade and industry of foreign countries - 20 -32, - 34 - - - 35 at - -- 35 30 38 38 39 41 - - 42 42, 43 -- 43 44 40 47 PRELIMINARY SUMMARY FOR NOVEMBER Early reports on industrial conditions in November retail food prices again increased over the preceding indicate greater activity than in the previous month month. The dollar volume of business as measured by check transactions was smaller outside of Newjn the iron and steel industry, in the production of York City than in October but larger than a year locomotives, and in the output of zinc, although below ago, while for New York the November clearings were * year ago. Cotton consumption declined 8 per cent considerably larger than in either period. Loans and rom the previous month, and a year ago, the decline discounts of Federal Reserve member banks continued from October being due mostly to the effect of the to increase while interest rates rose slightly. holiday and the additional Sunday. The mill conStock transactions on the New York Stock Exsumption of silk declined from October but was con- change were almost twice as large as a year ago and siderably larger than a year ago. New contracts almost two and one-half times as large as in October. awarded for construction in 27 State , though slightly Prices of both industrial and railroad stocks averaged slow October, were larger than a year ago, while the considerably above those prevailing in the preceding output of cement was also above November, 1923. month or in November, 1923. The November failSales by mail-order houses and 10-cent stores were ures declined from the previous month and a year j a i l e r than in the previous month but considerably ago both in number and in amount of defaulted above November, 1923, Carloadings were larger than liabilities. m November of last year, while wholesale prices and 2 BUSINESS INDICATORS: 1920-1924 (1013 monthly nverages-100. Sec explanation on insido front cover. Except for "net freight ton-miles" and "Price of 25 industrial stocks" latest month plotted ia October, 1921; for stock prices November has been plotted but September is the latest for freight ton-miles) PIG-IROH COPPER PRODUCTION UNFILLED STEEL ORDERS PRODUCTION 4O0 300 200 . 100 80 60 40 \—if f / • * \ ^ ^ r —V— ^ *\ \ V // H V —^fl" 4— 1 i 1 i 1 f w 20 10 COTTON CONSUMPTION BITUMINOUS COAL PRODUCTION NET FREIGHT TON-MILES I —s EXPORTS iv*LUt.) ^ 300 W- ifr 100 80 60 40 -V DEFAULTED LIABILITIES BANK CLEARINGS-OUTSIDE NCW YORK CITY C VALUES 1 .y £: 200 * w | M f VA •— 1 20 10 SALES, MAIL-ORDER HOUSES <VALUES) WHOLESALE PRICES PRICE OF 2!i INDUSTRIAL STOCKS 400 300 tsh 200 inn 80 60 40 20 192G 1921 1922 1923 1924 1920 1921 1922 1923 1924 1920 1921 1922 1923 1924 BUSINESS INDICATORS xTA £°u? win *?i tablC g i V e ? ^ P ^ ^ X J ^lative numbers for a selected list of important business movement*. It in Ix-lievecl that this table will prove useful, because it separates out from the large mass of material n comparatively Kmall number of item* 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 relative numbers can be cjiiculuUul, tiring 1013 as a base. The second part contains items for which comparable data back to 1913 arc not available. This hitter group of relative 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 relative numbcre, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. Where available at the time of going to press, December 13, November indicators have been included, thus brinuintf this table up to date. It should be noted that the charts on page 2 show October data as the latest plotted, except for stock prices which show November and freight ton-miles which show September. 1923 MONTHLY AVERAGE m < COMMODITY 1930 i92i Aug. Sept. Oct. Nov. Dec. im Jan. I Feb. I Mar. 1 Apr. j May I Juno July Aug. Sept. 74 101 131 22S 03 87 80 112 124 227 100 103 3S6 298 77 135 115 Oct. Nov. 1913 m o n t h l y average-IM Production:. Pig iron Steel ingots Copper Cement (shipments). Anthracite coal Bituminous coal ! Electric energy (gross revenue sales). Crude petroleum ! Cotton(consumption) Beef_ Pork Unfilled orders: U. S. Steel Corp Stocks: Crude petroleum Cotton (total) Prices: J Wholesale index Retail food Retail coal, bitum Farm products Business finances: Defaulted liabilitiesPrice 25 ind. stocks Price 25 R. II. stocks. Banking: Clearings, N. Y. City. Clearings, outside Com'l paper int. rate. Distribution: Imports (value) Exports (value) Sales, mail-order Transportation: Freight, net ton-mili 104 127 10 2 11 5 19 2 80 10 0 15 1 15 3 16 6 18 2 12 2 10 0 10 0 16 2 12 3 10 3 13 7 89 46 6 24 8 9 0 13 2 25 0 483 273 124 137 205 42 7 28 6 19 0 14 1 17 7 74 76 81 312 149 329 169 322 17 6 153 150 186 132 152 151 185 133 11 5 10 5 13 3 15 3 10 2 15 3 99 108 98 19 1 54 64 39 107 99 87 87 U4 81 11 3 58 85 130 144 121 153 104 114 15 3 16 4 19 2 203 16 1 13 2 122 133 122 185 33 116 123 142 129 193 114 123 113 124 125 139 102 108 14 1 13 1 17 2 87 15 0 10 0 13 1 14 4 11 3 70 283 18 7 15 0 19 1 13 1 312 19 8 97 13 1 17 1 349 224 19 0 16 2 130 407 292 117 130 160 379 313 16 0 13 3 14 3 393 312 104 134 116 420 323 116 156 149 452 313 114 139 133 170 90 96 102 92 85 79 127 15 5 152 193 234 13 5 287 125 298 304 64 95 154 146 154 149 184 130 226 203 207 205 108 184 67 17 4 13 5 17 9 16 1 229 136 64 19 4 12 4 18 8 124 228 19 6 75 10 9 14 3 197 15 8 72 10 5 16 4 13 8 18 2 10 5 17 7 68 126 177 69 348 175 69 217 181 70 07 123 130 231 101 117 OS 123 74 102 104 129 107 102 78 203 101 76 70 74 127 225 102 61 43 4 23 3 14 0 15 1 10 6 420 287 103 121 145 417 203 80 135 151 28C 75 110 IM 332 295 75 132 153 83 8 1 71 61 321 149 33 2 12 3 327 13 1 331 92 334 74 330 59 343 45 340 44 350 34 34 S I1 G 151 149 180 134 12 5 17 4 10 3 14 3 10 5 14 4 15 7 13 2 148 11 4 168 123 147 141 1C3 127 145 142 1G3 123 147 143 105 130 IM) 144 149 147 14 0 129 1.12 M0 lf/J 130 I .IS j 130 202 ' 213 79 ! | | | I 2HS 94 HO 103 114 £0 > m 137 7 3 13 5 12 9 73 423 19 8 74 214 183 75 160 183 75 140 187 78 1C1 195 62 242 205 bC ISO 201 85 230 256 87 240 280 83 253 278 34 263 275 77 253 2GG 71 2CS 282 04 258 2C5 fiO 08 I 245 277 57 26 2 17 8 70 225 193 257 275 134 205 212 118 230 231 80 226 264 90 187 254 92 191 254 93 225 206 93 229 277 92 247 301 90 262 292 83 294 331 264 140 181 188 177 154 204 212 168 259 184 150 193 170 134 231 206 193 335 195 194 306 193 206 318 198 191 271 223 177 270 215 164 270 217 163 300 203 161 243 183 148 239 1S5 134 190 170 ICO 211 103 207 279 140 12 2 16 2 12 3 121 i 284 113 154 133 144 117 148 124 115 19 3 117 105 13 3 137 i 69 20s i j 2o5 ! | 304 ! 353 I 1919 monthly aTeraje-100 Production: Lumber * Bldg. contracts Stocks: Beef. Pork Business finances: Bond prices (40 issues). Banking: Debits outside N. Y. City Federal ReserveBills discounted.... Total reserves Ratio 1 85 69 114 102 126 106 138 85 131 83 137 116 132 111 108 102 113 107 125 103 129 147 131 136 131 124 124 103 112 88 132 90 m\ 100 72 03 135 102 66 42 83 29 70 32 91 19 95 20 74 27 59 39 67 45 82 43 93 41 103 39 110 33 109 23 111 25 111 21 104 21 .i 20 70 : 15 0 15 0 10 1 100 110 103 103 10 1 no 102 16 0 103 16 0 104 105 107 104 14 0 87 16 0 11 0 119 17 0 16 1 11 1 104 16 0 16 0 13 1 14 0 98 13 0 107 99 19 0 97 10 0 91 91 122 122 28 144 154 39 146 152 42 146 154 45 145 152 46 146 152 41 146 152 44 143 146 27 149 162 27 147 161 25 147 161 23 147 163 22 147 165 13 149 165 15 149 165 14 146 164 13 144 160 12 143 1S7 143 154 114 132 97 87 the 15tt Department of Labor averaged for the month; farm prices from Department of Agriculture as of the 15th of the month, 105 n Wholesale and retail prices from duction reported ^ S S associations. 11.190.000,000 board pine, comparedfir, western pine, North Carolina pine, country of 34,552,000,000/ Department o ^ by 5 S S t t o n it. Includes southern feet, Douglas with a total lumber production for the and Michigan hard and Includes southern - ...__.-. . m niifti ^ ' Based on the total computed production r e P P ^ l ^ o f omS teoa u a i to 11,190,000,000 board n f a n softwoods. Thetotalproductionoftheseassociationsinl919wasequaiwi , board feet reported by the census. COMPARISON OF OCTOBER WHOLESALE PRICES WITH PEAK AND PRE-WAR (Relative prices 1913-100) INDEX NUMBERS 700 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.BUflLEY 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 BEEF. STEER ROUNDS HAMS. SMOKED (CHICAGO) COTTON YARN COTTON, PRJNT CLOTH COTTON. SHEETING WORSTED YARN WOMEN'S DRESS GOODS' SUITINGS SILK. RAW HIDES. PACKER'S HIDES. CALFSKINS LEATHER. CHROME (BOSTON) LEATHER. 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. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON <NEW YORK) CEMENT STEEL BEAMS RUBBER, CRUDE 8ULPHURJC ACID WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS .—Prices to producer on farm produces and market price of wool are from ET. S. Department of Agriculture, Bureau, of Agricultural Economics All other prices 7. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill. See diagram on page 4. Because of their availability a t t h e time of going to press, December 18, t h e November price data have here been Included, t h u s bringing this table u p to date. It should be noted t h a t t h e chart on page 4 shows October prices only. i * * * ACTUAL PRICE COMMODITIES PER CENT INC. ( + ) OR DEC. (—) RELATIVE PRICE (dollars) (1913 average-100) Unit October, 1924 November, 1924 October, 1923 November, 1923 October, 1924 November, 1924 FABM PRODUCTS—AVERAGE FRIGE TO PRODUCERS Wheats Corn Potatoes Cotton __. _-_ _ Bushel.. Bushel.. BusheL. Pound. 1.297 1.0S9 .688 .231 1.336 .996 .640 .226 118 139 168 227 120 136 139 240 164 176 115 193 161 107 188 -8.5 -7.0 -2.2 Ton.. Pound. Pound. I Pound— 31.95 .0552 .0945 .1035 33.57 .0543 .0862 1.055 188 93 96 167 211 89 89 166 147 94 126 170 154 92 115 173 +5.1 -26.6 -1.6 -8.8 +1.9 +3.4 +32.0 +4.9 : Cottonseed Cattle, beef. Hogs Lambs _ I FARM P R O D U C T S - M A R K E T PRICE +3.0 +42.6 +27.2 -22.4 -24.4 ! _ ! I I j BusheL. Bushel.. Bushel.. Bushel.. BusheL. 1.48G 1,528 1.105 .522 .908 1.529 1.574 1.130 .524 .864 131 111 162 117 108 120 108 135 118 105 163 155 177 139 145 16S 160 181 140 138 +2.9 +3.0 +2.3 +0.4 +40.0 +4S.5 +34.2 +18.0 +31.7 Rye, No. 2, cash (Chicago) I Tobacco, burley, good leaf, dark red (Louisville) ! Cotton, middling upland (New York) I Wool, U, blood combing, Ohio and Pennsylvania fleeces ( B o s t o n ) — BusheL. Found.. Pound.. Pound.. 1.275 24.50 .245 .57 1.312 24.50 .243 .61 113 212 235 188 111 212 274 192 200 186 192 228 20C 186 190 244 +2.9 +85.3 -12.5 -30.6 +27.1 9.500 10. 781 5.813 13.438 9.156 9.581 6.331 13.344 123 93 113 164 116 85 121 158 112 129 124 172 103 115 135 171 -3.7 +11.1 +8.9 -0.7 -7.0 +34.4 +11.9 Barrel Barrel Pound Pound 8.013 6.669 .060 .073 8.163 6.870 .058 .073 135 140 217 210 132 136 208 203 175 173 172 171 178 179 160 170 +1.9 +3.0 +35.2 +31.8 -20.5 -16.1 Pound Pound Pound Pound .113 .172 .136 .216 .110 .183 .129 .205 165 135 118 132 162 135 101 126 155 133 104 130 151 141 98 123 Pound Yard Yard Pound Yard .449 .066 .103 1.750 1.035 .446 .067 .106 1.850 1.035 200 217 204 212 184 218 229 203 212 184 181 192 168 225 184 180 195 173 238 184 +1.5 +2.9 +5.7 Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)- Yard Pound Silk, raw Japanese, Kansas No. 1 (New York) Pound Hides, green salted, packer's heavy native steers (Chicago) Pound Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) 3.690 5.733 .163 .194 6.174 .174 .203 239 215 84 83 239 215 77 79 239 158 88 100 239 170 95 107 +7.7 +6.7 +4.6 Square foot. Pound Pair Pair .460 .445 6.25 4.&S .460 .465 6.25 5.00 163 104 201 153 163 101 201 153 171 99 201 154 171 104 201 153 Short t o n . . Coal, bituminous, mine run lump, Kanawha (Cincinnati) Long ton... Coal, anthracite, chestnut (New York tidewater) ^oke, Connellsville (range of prompt and future) furnace—at ovens.. Short t o n , . Barrel Petroleum, crude, Kansas-Oklahoma—at wells 3.39 11.48 3.13 1.250 3.39 11.47 3.23 1.212 177 216 163 133 177 216 156 112 154 216 128 134 154 216 132 130 21.26 19.00 35.75 .130 21.26 19.13 35.50 .136 159 160 155 SO 148 142 155 81 133 129 139 83 133 130 138 87 .083 .507 .067 .090 .542 .071 156 93 114 157 99 115 189 113 116 203 121 122 192 201 290 184 201 274 175 179 213 184 179 206 +5.4 0.0 -3.6 -10.8 -25.0 173 166 27 75 166 166 25 75 173 129 33 70 173 126 0.0 -5.0 +9.2 0.0 -24.0 +46.2 -6.1 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) _ Cattle, steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) Sheep, ewes (Chicago) Sheep, lambs (Chicago) Cwt I Cwt Cwt Cwt +4.8 0.0 0.8 +7.0 +8.7 FOOD Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York) Sugar, granulated, in barrels (New York) , , Cottonseed oil, primo summer yellow (New York).... Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds No. 2 (Chicago) Pork, smoked hams (Chicago) , -3.3 0.0 -2.7 +6.4 -5.1 -5.1 -6.8 +4.6 -5.1 -1.9 CLOTHING Cotton yarns, carded, white, northern, mulespun, 22-1 cones (Boston). Cotton, print cloth, 27 inches, 64 160-7.60 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, dbl. warp, 50 in. (N. Y.)_ Leather, chrome calf, dull or bright " B " grades (Boston) .Leather, sole, oak, scoured backs, heavy (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) Boots and shoes, men's dress welt tan calf (St. Louis) -0.7 0.0 0.0 0.0 +4.5 0.0 +2.3 -17.4 -15.2 -17.2 +12.1 0.0 0.0 -21.2 +4.5 +37.2 +4.5 -2.2 0.0 +3.1 FUEL 0.0 0.1 +3.2 -3.0 -12.9 -0.1 -15*2 +15.4 METALS | i g iron, foundry No. 2, northern (Pittsburgh) | j e Iron, basic, valley furnace bteel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Long ton• Long tonLong ton.. Pound £ead, pig, delivered, for early delivery (New York) Tin, pig, for early delivery (New York) ^inc, slab, western, early delivery (New York) Pound Pound • Pound 0.0 +0.7 -a 7 +4.6 +8.4 +6.9 +6.0 -10.1 -8.4 -11.2 +6.3 +30.4 +22.1 +6.0 BUILDING MATERIALS AND MISCELLANEOUS Lum ^ e r , pine, southern, yellow flooring, 1 x 4 , " B " and better (Hat- Lumber, Douglas firrNo\TVommViTrs7^ Brick, common red, domestic building (New York) ° disU t f Portland » nct Steel beams, mill (Pittsburgh) l u b b e r , Para Island, fine (New York). Sulphuric acid, 66° (New York) - without bags to trade, f. o. b., plant (Chicago Mfeet Mfeet — Thousand. Barrel Cwt Pound Cwt 4a 31 16.50 14.00 1.75 2.00 .262 .70 42.48 16.50 13.50 1.75 1.90 .286 .70 70 +0.5 +4.8 EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS <|)rawii from data comiillod by U. S. Department of j Labor and representing weighted indexes based upon number of wage earners In the respective industries in 1-J19) (Average monthly employment 1923=100) GENERAL INDEX OF EMPLOYMENT 130 120 110 100 90 80 70 60)v '1914' 1915 ' 1916 1917 • 1918 > 1919 TEXTILES AND THEIR PRODUCTS FOOD AND KINDRED PRODUCTS 130 111 g1 1 i I U 1 1 1 1 1 1 It l i 11 l i I 1920 I 1921 I 1922 1 1923 1924 1 LUMBER AND ITS REMANUFACTURES IRON AND STEEL AND THEIR PRODUCTS 120 P TOTAL \ / ^ J -DY 5 130 - l 1AR DW ^RE GR DUP TC TAI i X ^S V |M /i? s r EIN l A <JD JN SHI SGTE CTIL ES LEATHER AND ITS FINISHED PRODUCTS PAPER > V f /> 7* UP TO 'AL T ( ITA IN i Us* T* - F U RNI T U I I E - CHEMICALS AND ALLIED PRODUCTS ^ND PRINTING GR OUf STONE, CLAY, AND GLASS PRODUCTS 120 C D MO GR( )UP TO C 1n i l rAL • A too 90 ROtJP ' OT* 1 / 0 PAi »ER ANt (PL L P ' r 80 GR out TC TAI f H /r • 1 VI TR( L£i JM IEF PE ICF NO T ERF IA COT 'A 1 70 60 STAMPED AND ENAMELED WARE OTHER THAN IRON A N D STEEL TOBACCO M A N U F A C T U R E S VEHICLES FOR LAND TRANSPORTATION MISCELLANEOUS INDUSTRIES AUTOMOBILES- *J 19221 1923 1922! 1923 1924* I 79221 1923* I 1924° I 19221 1923^ 1924 BUSINESS SUMMARY on the 1920 averages-enable comparisons to be made of the 1923 PER CENT INCREASE ( + ) OR DECREASE (—) 1934 August Septem- October June July August Septem- October ber October from September October, 1924, from October, 1923 PBODUCTION : Manufacturing (64 commodities). Raw materials, total Minerals Animal products Crops Forest products Electric power. Building construction (awards)._. 121 121 155 110 113 136 144 85 113 131 138 108 144 124 140 83 123 157 152 122 184 131 153 116 100 90 122 117 56 118 141 103 97 98 125 117 73 110 142 88 108 122 126 108 129 122 146 90 113 152 131 110 193 117 148 93 123 180 138 112 246 132 + 8.8 + 18.4 + 5.3 + 1.8 + 27.5 + 12.8 0.0 + 14.6 -9.2 -8.2 + 4.9 + 0.8 102 + 9.7 -12. 1 104 125 113 118 127 118 127 134 123 131 121 134 128 136 144 138 + 12.5 + 1.5 60 58 54 43 44 46 46 43 -6.5 -20.4 73 153 88 100 92 151 91 113 134 180 96 148 89 162 76 120 69 163 78 91 74 172 83 93 106 169 92 119 141 203 94 141 + 33.0 + 20. 1 + 2.2 + 18. 5 + 5.2 + 12.8 -2.1 -4.7 73 75 80 74 81 70 76 71 73 74 80 77 77 72 79 + 2.8 + 1.3 0.0 -1.2 95 95 96 94 + 1.1 + 1.1 79 81 81 79 0.0 -12.0 97 101 195 100 110 117 110 148 70 126 70 -14.9 0.0 + 1.6 + 337.5 STOCKS OF COMMODITIES (45 commodities): Unadjusted index Corrected for seasonal variation l __. UNFILLED ORDERS (relative to 1920) + 13.4 + 16.9 ! SALES (based on value): Mail-order houses (4 houses) Ten-cent chains (5 chains) Wholesale trade Department stores (359 stores) PRICES (recomputed to 1919 base): Wholesale, all commodities Retail food _ 78 95 COST OF LIVING (1919 base) 95 94 94 93 FACTORY EMPLOYMENT (1919 base) 92 81 93 TRANSPORTATION: Net freight ton-mile operation C^ar loadings (monthly total) ___ Net available car surplus (end of mo.) 1 122 118 25 119 150 16 127 124 16 97 128 216 Comparable data back to 1919 were published in April, 1924, SURVEY, p . 28. COURSE OF BUSINESS IN OCTOBER GENERAL SUMMARY Manufacturing activity was further extended in cipal declines from October, 1923, occurring in dry October, Production increases over the previous goods, shoes, hardware, and meat, with increases noted month were noted in pig iron, steel ingots, copper, zinc, in groceries and drugs. Check transactions as measc a <> l, coke, petroleum, gasoline, lumber, boots and ured by bank debits and clearings increased over the . oes> cement, automobile tires, newsprint paper, and preceding month and October, 1923. Interest rates 1? ^ e m iU consumption of cotton, wool, and tin. and the Federal reserve ratio showed relatively little Reclines were recorded in the output of automobiles, change from September levels. Factory employment increased 1 per cent, but was toe mill consumption of silk, and the shipments of railroad locomotives. Unfilled steel orders and for- 11 per cent below a year ago, while wholesale prices J a rd business of locomotive manufacturers increased and the cost of living advanced. Car loadings were Unng the month, while new awards for building con- larger than in October, 1923, while defaulted liabilities struction were larger than in either the previous of failing firms were less than half as large as a year ago, this decline being in the most part due to smaller ^onth or a year ago. liabilities among insolvent manufacturing establishSales of mail-order houses and 10-cent chains in October exceeded those of the previous month and ments. Both imports and exports of merchandise ctober a year ago. Wholesale trade increased sea- from the United States increased over the preceding sonaUy, but was 3 per cent below a year ago, the prin- month and October, 1923. 8 RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES (Monthly average, 1920=100) 160 i i 3i iii n t i 1920 1921 I I i 1922 1923 1924 SUMMARY OF INDEXES OF BUSINESS PRODUCTION The output of manufactures as measured by the weighted index of 64 commodities based upon the 1919 monthly production as 100 stood at 123 for October, as compared with 113 for the previous month and 123 for October, 1923. All industrial groups partook of this general increase over the previous month except foodstuffs and nonferrous metals, which showed no change. As compared with a year ago, all groups had larger output except foodstuffs, iron and steel, leather, nonferrous metals, and tobacco products. The weighted index of mineral production, relative to the 1919 base, stood at 138 for October as compared with 131 in September and 152 a year ago. Increases over the previous month were noted in petroleum, coal, copper, lead, zinc, gold and silver, while a decline was registered in the output of iron ore. Compared with .a year ago the production of all minerals was larger, except petroleum, coal, and iron ore. The movement of crops to market, as indicated by the index on the 1919 base, stood at 246 for October as compared with 193 for September and 184 a year ago, the increase in the general index over October, 1923, being due to larger marketings of grain and cotton products, other groups being smaller. The index of animal marketings at 112 compares with 110 for September and 122 a year ago, the principal declines from October, 1923, occurring in the marketings of cattle, hogs, sheep, and eggs. The output of forest products as seen from the index based on 1919 as 100 stood at 132 for October as compared with 117 the previous month and 131 a year ago, all products of the forest except naval stores and distilled wood sharing in the increase over October, 1923. COMMODITY STOCKS Stocks of commodities held by manufacturers at the end of October, as measured by the weighted index of 45 items based upon 1919 as 100, stood at 138 as compared with 136 on September 30 and 118 a year ago, after adjustment for normal seasonal variations. The increase in the general index over the previous month was due to larger stocks of raw foodstuffs and other raw materials for manufacture, the declines in stocks of manufactured foodstuffs and other manufactured commodities being too small to compensate for the increases in the two former groups. SALES The unfilled order index for eight basic commodities, principally iron, steel, and building materials, based on 1920 as 100, stood at 46 on October 31, as against 48 at the end of the previous month and 54 a year ago. Iron and steel unfilled orders advanced over September while building materials declined, causing the general decline in the index. The index of wholesale trade based on the 1919 monthly average as 100 stood at 94 for October as against 92 in the previous month and 97 in October, 1923, declines being noted from a year ago in all lines except groceries and drugs. Sales of mail-order houses and 10-cent chain stores increased over both the previous month and a year ago. Sales of music, grocery, drug, cigar, and candy chains also increased over both periods, while sales of shoe chains, though larger than in September, were smaller than a year ago. PRICES Prices received by producers of farm products averaged 5 per cent and 3 per cent above September and a year ago, respectively. All classes of farm products partook of this general increase over the previous month except fruits and vegetables, which declined, while, as compared with a year ago, increases were noted in all classes except fruits and vegetables, dairy and poultry products and cotton and cottonseed. The wholesale price index of the Department of Labor, based upon 1913 average prices as 100, stood at 152 for October, an increase of 2 per cent over the previous month, but a decline of less than 1 per cent from a year ago. As regrouped by the Federal Keserve Board, this index shows raw products as 156 as compared with 152 in September and 155 a year ago, producers' goods at 129 against 130 and 139; and consumers' goods at 161 against 15S and 159. Commercial indexes also registered increases over September. The Federal Reserve Board indexes of wholesale prices for international comparison showed advances over September for the United States, the United Kingdom, France, and Canada. Prices in India and Japan also advanced during the month while in Switzerland no change was noted from the September levels but a decline of 7 per cent was recorded from a year ago. Retail prices of food, as measured by the Department of Labor index, based upon 1913 average prices as 100, stood at 149 as against 147 in September and 150 a year ago. The cost of living index advanced from 164 to 165 and compares with 164 for October, 1923, all items entering into this index partaking of the increases except shelter and sundries, which remained stationary. COMPARISON OF WHOLESALE PRICES BY GROUPS (U. S. Department of Labor index numbers. Relative prices 1913=100) I 1916 T 21548—24f H i I U 1917 I 1913 REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE shift basis. Compared with a year ago, all machines were less active, except for greater activity in woolen spindles and combs. Prices of wool and wool products generally averaged higher in October than in September and a year ago, except for dress goods and suitings. Cotton receipts into sight made a seasonal increase in October and stood at 19 per cent above the October, 1923, receipts. Imports of raw cotton were considerably higher than in September and over twice as large as a year ago. Exports of raw cotton totaled 947,556 bales, increasing over September in a seasonal movement and showing a gain of 21 per cent over a year ago. Stocks of cotton at mills declined from a year ago, but warehouse stocks were larger, total domestic stocks on October 31 increasing 8 per cent over a year ago. TEXTILES Receipts of wool at Boston declined from September but were twice as large a9 a year ago. For the 10month period, however, total receipts were one-third less than last year owing to the decline of two-thirds in the receipts of foreign wool. Foreign receipts for October, however, exceeded both those for September and for a year ago. Imports of raw wool were 37 per cent greater than in September and 74 per cent above October, 1923. The consumption of wool in textile mills increased about 20 per cent over September and was larger than in October, 1923. The activity of wool machinery was greater than in September, with the active machines averaging from 73 to 83 pdr cent of the total installed and the active hours ranging from 66 to per cent of the total operating hours on a single- STOCKS OF COTTON AT NORTHERN AND SOUTHERN MILLS AND WAREHOUSES 6,000 —i IJ 5,000 w AI „ 3.000 w 2.000 LJ -I 2 i.ooo v 1 (0 \ 1 -\ i \ \ / * i - mm- - u 11 1 ft 4.000 Eh\OU: 5E STOCKS soim ER i / JI \ ) \ m r\ IN 1 1 1 RN firi NORTHE v LI A \ - A f h \\ J 1924 11 The consumption of cotton in textile mills amounted to 532,629 bales in October, an increase of 22 per cent over September, but 2 per cent less than in October, 1923. For the year to date, consumption declined 19 per cent from 1923. The number of spindles active was greater than in August and activity per spindle increased 18 per cent, but both these factors were about 10 per cent less than a year ago. Spindle activity was at the rate of 85 per cent of capacity in October, as against 76 per cent in September and 95 per cent a year ago. In cotton finishing plants, orders, billings, shipments, and stocks all increased over September but declined from a year ago. Operating activity was at 67 per cent of capacity as against 54 per cent in September and 72 per cent in October, 1923. The production of fine cotton goods in the New Bedford district increased over September while sales declined. Both production and sales were less than a year ago. Exports of cotton cloth were 23 per cent above September and 19 per cent higher than in October, 1923. Prices of raw cotton, both to the producer and in the New York market, averaged higher than in September, and yarn prices also increased. Print cloth remained unchanged, however, and sheetings declined. Prices of cotton and cotton goods were from 9 to 20 per cent below the October, 1923, averages. Raw silk imports declined from September but were 7 per cent larger than a year ago. Deliveries from warehouses declined slightly but were 37 per cent greater than in October, 1923. Stocks of raw silk at New York warehouses rose slightly from the previous month and increased 36 per cent over October 31,1923. The price of Japanese silk in the New York market averaged 5 per cent higher than in September and 27 per cent lower than a year ago. Imports of both burlap and unmanufactured fibers declined from September and from a year ago. Shipments of pyroxylin^coated textiles and consumption of pyroxylin in the manufacture of these goods increased over September, while unfilled orders for light goods increased and for heavy goods declined. Compared with a year ago, shipments and unfilled orders of light goodfe increased, while for heavy goods declines were noted, and 18 per cent less pyroxylin was used. cent from the 1923 period. Stocks of ore at both furnaces and Lake Erie docks increased seasonally and were about 1 per cent larger than at the end of October, 1913. The output of pig iron in October totaled 2,477,000 tons, 21 per cent above the September output and the same percentage less than the October, 1923, production. Total pig iron output for the year to date shows a decline of 25 per cent from a year ago. The number of furnaces in blast in October increased 5 per cent over September, while their capacity was 13 per cent greater than those in blast during the previous month. Compared with a year ago, there was a decline of 26 per cent in number of furnaces in blast and of 18 per cent in their capacity. Pig iron prices showed a slight decline from the September average and were about 16 per cent less than a year ago. Steel ingot production gained 10}^ per cent over September, with a total output of 3,111,000 tons in October, a decline of 13 per cent from a year ago. For 10 months the total steel production amounted to 20 per cent less than the corresponding period of 1923. Bookings of steel castings increased 7 per cent over September, both railroad and miscellaneous work showing about the same relative gain, while compared with a year ago total bookings were 68 per cent larger, with railroad specialties almost tripled. Unfilled orders of the United States Steel Corporation, at 3,525,000 tons at the end of October, were \lA per cent larger than a month previous but 25 per cent less than a year ago. Production and shipments of independent sheet manufacturers increased over September and a slight gain was shown in unfilled orders during October. Sales and stocks declined. Compared with a year ago, production and sales increased, shipments declined slightly, unfilled orders were 10 per cent less and total stocks 30 per cent less. Production was at 79 per cent of capacity in October comparing with 76 per cent in September and 77 per cent a year ago. Prices of steel declined slightly from the September average and were about 11 per cent less than a year ago, except structural beams, which declined 20 per cent. Exports of iron and steel products were 22 per cent larger than in September and 7 per cent above a year ago, while imports rose 2 per cent from the September total and 29 per cent from October, 1923. IRON AND STEEL Locomotive shipments from manufacturing plants declined slightly from September and were 69 per cent Shipments of iron ore from the mines and receipts at lake ports declined from September in a seasonal move- less than a year ago. Unfilled orders for locomotives ment and averaged about one-third less than a year increased 20 per cent during the month but were less ago. Total iron ore movement for the first 10 months than half as large as a year ago. Actual orders for of the year was about 25 per cent less than in the corre- freight and passenger cars declined from September, sponding period of 1923. Consumption of ore by but were considerably higher than in October, 1923, Wast furnaces increased 20 per cent over September, especially freight cars. The output of ships declined but showed a decline of 27 per cent from a year ago. about half from September and was also considerably F the year to date, ore consumption declined 29 per less than a year ago. 12 LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS during October but were still 49 per cent larger than a year ago. Zinc prices averaged fractionally higher than in September. COPPER PRODUCTION AND EXPORTS 180 165 (90 - p IOC UC" •lOf 1 J &I05 ft h r 2 A,f A \ §120 - i 75 v' C O \ 45 \< 30 IS ; :3 > s = \ » \ I y s i ^« / • 1 si V j \to PO > S i D = > I i\ i^! j1 : i i : i ;i S -i Imports of tin were 14 per cent less than in September and 23 per cent less than a year ago. Stocks in warehouses declined 39 per cent from September Bookings of structural steel by fabricators amounted and 34 per cent from a year ago, while world stocks to 66 per cent of plant capacity in October as compared declined 6 and 8 per cent, respectively, from the above with 68 per cent in September and 49 per cent a year periods. Deliveries from warehouses gained slightly ago. Shipments by fabricators were at the rate of , over September but declined from a year ago. Prices 77 per cent of capacity, comparing with 74 per cent the of pig tin averaged 3 per cent higher than in Septemprevious month and 79 per cent in October, 1923. ber and 22 per cent above October, 1923. Shipments of steel furniture in October were valued at FUELS 14 per cent above the September shipments and 8 per Bituminous coal production increased 14 per cent cent above a year ago. over September but was 5 per cent less than a year ago. Fewer patents were issued in October than in September, but there was an increase in those covering Exports slightly exceeded those of both periods. Prices rose slightly over the September averages at the mines internal-combustion engines. and at retail, the wholesale quotation for Kanawha NONFERROUS METALS coal remaining unchanged. These prices were from 6 The output of copper by mines was 9 per cent larger to 13 per cent less than a year ago. PRODUCTION OP BITUMINOUS AND ANTHRACITE COAL than in September, totaling 138,862,000 pounds for October and gaining 5 per cent over the October, 1923, output. For the year to date production increased 8 f per cent over last year's corresponding period. Cop/I \ > /I per exports declined 6 per cent from September but 1 V r \ i i increased 21 per cent over a year ago, showing a total JV / > gain for the year to date of 37 per cent over the first / 1 10 months of 1923. The average wholesale price of copper remained unchanged from September. Sales of tubular plumbing goods increased slightly over z i 1 1 September and were also slightly above last year's 1 sales in quantity, though less in value. / 1r ^\ V rV " f If Zinc production showed a slight increase both over -ifr September and over a year ago, the 10 months' figures I / showing a gain of 1 per cent over a year ago. More f retorts were in operation than in September, but they were 15 per cent less than the number operating a S 5 i i i M i * I IB3* * year ago. Stocks of zinc were reduced 16 per cent / v a> IXOUS 30 ?" l0 < 0 10 4 «» y / MfTM PUkCltl J \ 30 mnvt \ r~ J / / F V • • 13 Anthracite production was 1 per cent larger than in September but 12 per cent less than a year ago. Exports increased 11 per cent over September but declined from last year by 10 per cent. Prices showed a fractional advance over September, the wholesale price being practically the same as a year ago and the retail price 2J^ per cent less. Coke output increased about 15 per cent over September, with beehive ovens showing a slightly larger relative increase than by-product operations. Compared with a year ago, however, beehive production declined 51 per cent while by-product output was only 6J^j per cent less. Exports of coke were 33 per cent greater than in September but 28 per cent less than a year ago. No change occurred from the September average in the price of coke but there was a decline of 19 per cent from a year ago. The output of crude petroleum showed little change from September but was about 10 per cent less than a year ago. PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE 1921 M i i M 1922 i STOCKS OF PETROLEUM: ACTUAL AND NUMBER OF DAYS' SUPPLY 1917 1918 i 1923 * E 5 * t * I 1924 8 14 AUTOMOBILES AND RUBBER HIDES AND LEATHER The output of passenger automobiles declined from 200,171 in September to 257,900 in October, and decreased 23 per cent from a year ago. Truck production increased slightly over both periods. Imports of hides and skins were 2 per cent less than in September, due to declines in calfskins and sheepskins, while compared with a year ago total imports declined 7 per cent, due to decreases in calfskins and goatskins. Prices of cattle hides rose slightly above the September average, while calfskins declined. Leather exports were slightly larger than in September but considerably in excess of the October, 1923, exports. Production of sole leather, skivers, and harness leather all increased over September but declined from a year ago. Leather prices remained unchanged from the September average. The output of boots and shoes increased over September and was about the same as a year ago. Exports increased over September but declined from a year ago. Shoe prices showed little change. Belting sales declined slightly from September and 24 per cent from a year ago. CUMULATIVE PASSENGER AUTOMOBILE PRODUCTION AT THE END OF SPECIFIED PERIODS 40 35 / 4 30 f CO Q PAPER AND PRINTING /j 25 923 / / O / 20 t CO Q W QC D I Imports of wood pulp increased over both September and a year ago. Production and shipments of newsprint paper increased over both periods, while imports increased over September but were slightly less than a year ago. Stocks of newsprint at mills declined 1 per cent from September but were 29 per cent above a year ago. Shipments of sales books increased 7 per cent over September, declining slightly from a year ago. Production of paper board shipping boxes increased 10 per cent over September and 7 per cent over a year ago, less fiber boxes being made than in October, 1923. Operating activity was 77 per cent of normal as against 72 per cent in September and 81 per cent a year ago. Boxboard production and orders increased slightly over September while unfilled orders and stocks declined. f i 924y / 15 192 A 10 / / / , / y BUILDING CONSTRUCTION O O > O Z o til Q Imports of crude rubber were 45 per cent greater than in September and 121 per cent greater than a year ago. The wholesale price of rubber rose to 15 per cent above the September average and 22 per cent above October, 1923. Increases occurred in production and stocks of all classes of rubber tires, while shipments declined except for solid tires. Compared with a year ago, production of all kinds of tires averaged about 50 per cent larger while stocks and shipments showed small increases, except for shipments of solid tires, which declined. Building costs in October again were somewhat lower, the general decline from a year ago amounting to 7 per cent. Contracts awarded for new construction in 27 Northeastern States were larger than in either the previous month or October a year ago, while for the calendar year through October the indicated expenditure for new building amounted to 83,255,103,000, an increase of 11 per cent over the same period of 1923. Of this amount, §1,511,813,000 represents residential building, an increase of 16 pei cent over 1923; $437,530,000 for business buildings, also an increase of 16 per cent; 8278,971,000 for educational building, an increase of 24 per cent; and 5286,897,000 for public and semipublic building, an increase of 30 per cent. 15 VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES CUMULATIVE VOLUME OF BUILDING CONTRACTS AWARDED IN 27 STATES AT THE END OP SPECIFIED PERIODS Z' J / MILLIONS OF SQUARE FEET {< 1924- f f / / / * f y\ — [«, 4 4 4 22 v. f / o i l ! • £ z < •» ai u u. f / / 4 4- "g J S en a. < S O BUILDING MATERIALS AND EQUIPMENT The production of southern pine lumber in October was below that of the previous month and a year agoT while for Douglas fir, California redwood, and western pine the output in October, though smaller than a year ago, was larger than in September. New orders for southern pine were larger than in either the previous month or October, 1923, while southern pine stocks held at the end of October were smaller than those at the end of the previous month or a year ago. Stocks of western pine on October 31 were larger than a year ago, while new orders for California redwood, though larger than in September, were smaller than in October, 1923. The total output of the 10 principal species of lumber for the first 10 months of 1924, amounting to 25,000,000,000 feet, represents a decline of 1 per cent from the same period of 1923. Lumber exports in October declined 1 per cent from the previous month but were 24 per cent larger than in October, 1923, while for the calendar year thus far, exports of lumber amounted to 1,602,000,000 feet, an increase of 12 per cent from the same period of 1923. Sales of lumber at retail rural yards in the Minneapolis Federal Reserve district, although smaller than a year ago, were 7 per cent larger than in September. Stocks of lumber held at these yards at the end of October were 6 per cent less than a year ago. Prices of lumber ayeraged higher in October. Production of oak flooring increased over both the preceding month and October, 1923, while the output 16 of maple flooring, though larger than in September, was considerably below that of a year ago. New orders booked for oak flooring were also larger than in either of these comparative periods, while orders for maple flooring showed declines. Stocks of oak flooring held at the end of October, though larger than a year ago, were smaller than at the end of the previous month, while maple flooring stocks on October 6 were larger than at the end of either comparative period. the previous month. Shipments of sinks and lavatories were larger than in September but considerably below those of a year ago, while shipments of baths were less than in either comparative period. Stocks of all classes of enameled sanitary ware held at the end of October were considerably larger than the holdings on September 30 or a year ago. N E W ORDERS FOR ENAMELED BATHS AND N E W CONTRACTS AWARDED FOR RESIDENTIAL CONSTRUCTION IN 27 NORTHEASTERN STATES (1910 monthly averages*-100) NEW BOOKINGS FOR ARCHITECTURAL TERRA COTTA AND N E W CONTRACTS AWARDED FOR BUILDING CONSTRUCTION IN 27 NORTHEASTERN STATES (1910 monthly averages-* 100. October, 1024, latest plotted) 192' The output and shipments of clay fire brick increased over the preceding month but were less than in October, 1923. New orders for refractory brick were larger than in September or a year ago, while stocks of brick held at the end of October were larger than at the end of the previous month or on October 31, 1923. Silica brick production in October was larger than in the previous month but smaller than a year ago, while the October shipments of silica brick were larger than in either comparative period. Stocks of silica brick on October 31 were less than the holdings at the end of the previous month or a year ago while new orders were larger than in September or in October, 1923. The output of face brick in October was larger than in September and a year ago while stocks continued to mount. Face brick shipments were less than in September but slightly above a year ago. Common brick prices showed no change from the previous month but were 26 per cent below a year ago. The production and shipments of Portland cement were larger than in September or a year ago, while stocks, though below the holdings on September 30, were considerably above a year ago. Wholesale prices of Portland cement remained stationary. Production of roofing felt increased in October over both the preceding month and a year ago while stocks on October 31 were 59 per cent above the dry felt inventories of last year. New orders for all classes of enameled sanitary ware were smaller in October than a year ago and, with the exception of lavatories and sinks, were less than in CHEMICALS AND OILS Imports of potash and nitrate of soda were larger than in September or a year ago, while exports of sulphuric acid, though smaller than in September, were considerably larger than in October, 1923. Exports of fertilizer were larger than in either the previous month or in October, 1923, while the value of dyes and dyestuffs exported was also larger than in either of these comparative periods. Production and shipments of methanol increased over September, while stocks at the end of October were smaller than the inventories on September 30. Wholesale prices of chemicals averaged higher in October. Receipts of naval stores at the three principal southern ports declined from both the previous month and a year ago, while stocks of turpentine held on October 31 were smaller than the inventories of September 30, but larger than the holdings on October 31, 1923. Rosin stocks at these ports were less than the holdings on September 30 and a year ago. Stocks of cottonseed at the end of October were considerably larger than a year ago, while cottonseed oil stocks were smaller. The production of cottonseed oil in October was considerably larger than a year ago, while the price of cottonseed oil averaged about 5 per cent higher than in September. Receipts and shipments of flaxseed at northwestern markets were larger than in October, 1923, while stocks of flaxseed held at the end of October were also larger than the holdings on October 31, 1923. Shipments of linseed oil and linseed-oil cake from Minneapolis were larger than in October a year ago. 17 CEREALS The visible supply of wheat in the United States at the end of October was considerably above a year ago, while the Canadian supply was considerably smaller. Receipts and shipments of wheat at principal primary markets were larger than in either the previous month or a year ago. Exports of wheat, including flour, were also larger than in either of these comparative periods, while wholesale prices of wheat and wheat flour averaged considerably above the prevailing prices of the previous month and a year ago. The visible supply of corn was considerably larger than a year ago. Receipts and shipments of corn at the principal primary markets, though larger than a year ago, were smaller than in September, while grindings of corn for starch and glucose manufacture were larger in October than in either the previous month or a year ago. Wholesale prices of corn averaged lower in October but were 9 per cent higher than a year ago. The visible supply of oats at the end of October was three times as large as a year ago, while receipts of oats at the principal markets, though larger than in 'October, 1923, were smaller than in September. Exports of oats, including meal, increased considerably over the previous month and a year ago, while prices of oats averaged higher than in either of these periods. Receipts of barley at the principal markets, though smaller than in September, were twice as large as a year ago, while exports, of barley in October were larger than in either the previous month or a year ago. Wholesale prices of barley at Chicago averaged considerably above those prevailing in the preceding month or in October, 1923. Receipts of rye were larger than in September or a year ago, while exports, including flour, though smaller than in September, were twice as large as the outward movement in October, 1923. Wholesale prices of rye were considerably above those prevailing in the previous month and a year ago. The visible supply of wheat, corn, and flaxseed in Argentina, though smaller than at the end of September, was considerably larger than the indicated supply a year ago. The receipts of southern paddy rice at the mills increased seasonally in October and were larger than a year ago. Shipments of rice also were larger than in the preceding month and a year ago, while rico stocks held by mills and dealers at the end of October were more than 50 per cent larger than the inventories on October 31, 1923. Car-lot shipments of potatoes, onions, and citrus fruits were smaller than in October, 1923, while receipts of hay at terminal markets were larger. 21548—241 3 MEATS AND DAIRY PRODUCTS Receipts and shipments of cattle at the primary markets, though larger than in September, were below their respective movements in October, 1923. Local slaughter of cattle and calves was larger than in either September or a year ago. Exports of beef and beef products were also larger than in cither of these comparative periods while cold-storage holdings of beef products at the end of October were larger than the inventories last year. Prices of cattle and beef averaged higher than in September. Receipts, shipments, and local slaughter of hogs at the principal primary markets were seasonally larger than in September but were below a year ago. Exports of pork and pork products were 16 per cent larger than in September but smaller than a year ago by a like percentage. Cold-storage holdings of pork products declined seasonally from the previous month and were 19 per cent less than the inventories on October 31, 1923. Lard production in October was larger than in the previous month but 19 per cent smaller than a year ago. Lard exports were smaller than in either September or a year ago, while coldstorage holdings of lard at the end of October were seasonally less than at the end of September and 11 per cent smaller than the holdings on October 31, 1923. Prices of hogs averaged higher than in September or a year ago, while smoked hams were lower in price than in either of these two periods. Receipts and shipments of sheep at primary markets, as in the case of cattle and hogs, were larger than in September but smaller than a year ago. Local slaughter of sheep was smaller than in September but larger than a year ago, while storage holdings of lamb and mutton at the end of October were seasonally larger than the end of the month holdings for September, the October inventories being 60 per cent larger than those of a year ago. Prices of sheep and lambs were higher than in September or a year ago. Receipts of poultry at the principal markets also increased seasonally, being slightly below a year ago, while cold-storage holdings of poultry at the end of October were 37 per cent larger than those of a year ago. Storage holdings of fish at the middle of October were 7 per cent larger than the holdings on October 15, 1923. Receipts of butter at the principal markets declined seasonally but were 10 per cent larger than in October, 1923, while storage holdings at the end of October were 77 per cent larger than a year ago. The wholesale price of butter averaged for the five markets advanced 13 per cent during October but was 20 per cent below a year ago. Receipts of American cheese at the principal markets were 16 per cent smaller than a year ago while cold- 18 storage holdings of checso on October 31 were 16 per cent larger. The wholesale price of cheese at the five markets was 3 per cent less than in September and 23 per cent less than a year ago. Egg receipts were 11 per cent smaller than a year ago while the storage holdings of eggs on October 31 were 20 per cent smaller. no change from the condition reported a month previous. CUMULATIVE RAILWAY CAR LOADINGS AT E N D OF SPECIFIED PERIODS SO Imports of raw sugar were less than in September or a year ago while meltings at eight ports were also less than in these two periods. Refinery stocks of raw sugar at the end of October wore considerably below the holdings of a year ago while the exports of refined sugar in October were almost twice as large as the outward movement of October, 1923. Receipts and stocks of sugar at Cuban ports, though smaller than in September, were considerably larger than a year ago while exports were smaller than in either of these two periods. Wholesale prices of raw sugar showed relatively no change from September while refined sugar advanced 3 per cent. Coffee imports in October were larger than in September but were 6 per cent smaller than a year ago. The world's visible supply of coffee on October 31 was 8 per cent larger than a year ago while receipts of coffee in Brazil were 21 per cent larger. Total clearances of coffee from Brazil for the United States were larger than in September but smaller than a year ago. Imports of tea increased but were 17 per cent less than a year ago. TOBACCO Consumption of small cigarettes, as seen from taxpaid withdrawals, was larger than in September or a year ago while cigar consumption in October, though larger than in the previous month was smaller than a year ago. Withdrawals of manufactured tobacco and snuff were greater than in the preceding month or October, 1923. Exports of unmanufactured leaf tobacco in October were 21 per cent larger than in the same month of last year while cigarette exports were 32 per cent smaller. j 45 SUGAR, COFFEE, AND TEA 40 IQ5 We 35 i CO f r ¥/ 4 / 7* /A < 30 O •!92< i \ 25 O 20 15 / 10 / / / 7 r 192 £. jfff J7 r I t i. U ! i ! Si H SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS RAILROAD TRANSPORTATION The car loadings were 2 per cent larger than in October, 1923, this increase being assignable to increased shipments of grain and grain products and miscellaneous merchandise and L. C. L. shipments. Livestock, coal and coke, forest products, and ore shipments were smaller than a year ago. The net available surplus of freight cars averaged 115,651 cars for the last week of October, practically i t M i t i i i i n si i i i t i f .19 WATER TRANSPORTATION Cargo traffic through the Sault Ste.JMarie Canal was larger than in September but 21 per cent smaller than in October, 1923. River traffic on the Ohio^from Pittsburgh to Wheeling was also larger than a year ago. Vessels engaged in foreign trade were larger in tonnage than in either the previous month or a year ago. Both entrances and clearances of American and foreign bottoms partook of the general increases over these comparative periods. Freight rates from Atlantic ports to the United Kingdom continued to increase, while rates averaged for all European ports showed no change from October. EMPLOYMENT Factory employment in October increased over the previous month, the number on the pay rolls in October being, however, 11 per cent below a year ago. All industrial groups shared in this general increase except tobacco products, which declined 7 per cent, and focjd products and stone, clay, and glass products, which remained stationary. Compared with a year ago, however, all groups were lower, ranging from 6 per cent for stone, clay, and glass to 19 per cent below for iron and steel. ^ Reports from New York State factories indicate an increase of 1 per cent in the number on the pay rolls from the report of the previous month but a decline of 11 per cent from a year ago. Employment in Wisconsin also registered an increase over the previous month but a decline from a year ago, while Illinois factory employment in October was below that of either period. Employment in Detroit was 1 per cent below September and 8 per cent loss than a year ago. Total pay roll in New York State factories declined less than 1 per cent from the September figures and 12 per cent from a year ago. Pay rolls in Wisconsin factories were 6 per cent larger than in September but 5 per cent below a year ago. DISTRIBUTION MOVEMENT Sales of the two leading mail-order houses in October increased seasonally over the previous month and were 9 per cent larger than a year ago. Sales by the four leading 10-cent-store systems also increased in a seasonal movement and were 13 per cent larger than in October, 1923. Wholesale trade increased seasonally over September but was below a year ago, all classes of trade sharing in the general decline from October, 1923, except meats and drugs. Advertising for appearance in November magazines was smaller than a year ago, while October newspaper advertising in the principal cities, though seasonally larger than in September, was smaller than in October last year. Postal receipts in the 100 largest cities increased in October over the previous month and a year ago. COMPARISON OF WHOLESALE TRADE AND WHOLESALE PRICES (1919 monthly average-100. Plotted as 12-month moving monthly averages) WHOLESALE PRICE INDEX 20 BANKING AND FINANCE October check transactions, as shown by bank debits and clearings, made the usual seasonal increase over September. Compared with a year ago, October transactions increased 18 and 22 per cent in New York City, as measured, respectively, by debits and clearings, while for the rest of the country the incroaso was slightly less than 6 per cent in each case. The condition of Federal reserve banks at the end of October showed a decline during the month of 14 per cent in bills discounted and increases of 2 per cent in note circulation and 20 per cent in total investments. Total deposits increased slightly, reserves declined slightly and the reserve ratio stood at 80.4 per cent as against 78.6 per cent at the end of September. BILLS DISCOUNTED DEBITS TO INDIVIDUAL ACCOUNTS GROUPED BY FEDERAL R E SERVE DISTRICTS AND ADJUSTED FOR SEASONAL VARIATIONS (1919 monthly averages=100. Octobor, 1924, latest plotted) OF FEDERAL A 28 / DOLLARS f \ BIL . 6 DISCC UNT ED V DREDS OF MILLIONS & * AND TOTAL INVESTMENTS RESERVE BANKS V OTAL I u 1 \V IN EGT MEN TS 4 / A f • f" A * 0 ; 1920 I 1021 T 19*22 ° ] 1923 7 ISZ* ° I Member bank condition reports show an increase of almost 1 per cent in loans and discount's, a gain of 4 per cent in total investments and an increase in deposits of slightly more than 2 per cent. LOANS AND DISCOUNTS AND TOTAL INVESTMENTS OP FEDERAL RESERVE MEMBER BANKS 14 lq 19 s TOT; / L L >AN \ AN D D ISCOUNT: i a* ^ i / > II y 1 0 1921 1922 1924 1923 OF DOLLARS 6 / *•• 0 t BILLIO Z A - / -TO" "AL tNVE"STN ENT r 3 2 1 0 1 i i I i I 1921 I i i 1922 1923 i i 1924 21 The interest rate for call money in the New York market rose to an average of almost 23^ per cent for the month but the commercial paper rate remained the same as in September at slightly over 3 per cent. The Government debt showed practically no change during October. Customs receipts increased slightly but were less than a year ago. Total ordinary receipts of the Government were 11 per cent greater than in October,-1923, while expenditures chargeable thereto declined 25 per cent from last year. The amount of money in circulation outside the Treasury and the Federal reserve banks increased iyz per cent over September. Compared with a year ago, total money in circulation increased 1 per cent while the per capita circulation declined. Total commercial failures increased over September in both number and liabilities. The liabilities of firms failing were larger than in September for trading establishments but less for manufacturing establishments and agents and brokers; the number of failed firms increased for all these classes. Compared with a year ago there was an increase oi\y2 per cent in number of failing firms and a decline of 55 per cent in liabilities. New capital issues by corporations in October showed an increase of 38 per cent over September and of 56 per cent over a year ago. Permanent loans of States and municipalities, however, showed an increase of 7 per cent from September and a decrease of 6 per cent from a year ago. New incorporations were valued at 14 per cent above September incorporations but 23 per cent less than those incorporated in October, 1923. Agricultural financing through the War Finance Corporation showed a decline during the month of over 86,000,000 in the balance outstanding, while a net total of over 87,000,000 was added to the outstanding balance of loans and rediscounts of the Federal intermediate credit banks. Average prices of stocks rose slightly in October, with industrials gaining over September and railroads losing. Bond prices of all classes averaged higher in price than in September, except for foreign bonds. The average yield of municipal bonds remained unchanged. Transactions in stocks were slightly less than in September but considerably higher than a year ago, while bond transactions exceeded those for the same periods except in Government issues. BUSINESS FAILURES BY PRINCIPAL CLASSES OF ESTABLISHMENTS (Data plotted are 12-month moving monthly averages. October, 1924, latest month) 2,000 BROKEN LINES DENOTE MANUFACTURING ESTABLISHMENTS 22 GOLD AND SILVER Domestic gold receipts at the mint increased 19 per cent over September and 42 per cent over a year ago. Gold imports almost tripled from September but were one-third less than a year ago, while exports declined 10 per cent from September and were three times as large as in October, 1923. The excess of gold imports over exports amounted to 315,577,000 in October as against 82,076,000 in September and S28,488,000 a year ago. Silver production was 2 per cent larger than in September and 33^ per cent above October, 1923. Imports of silver declined from both periods, while exports were less than in September but 26 per cent greater than a year ago. The excess of silver exports over imports amounted to §3,636,000 as against $3,262,000 in September and 3594,000 a year ago. The average price of silver rose about 2 per cent over the September average and 11 per cent over a year ago. FOREIGN EXCHANGE AND TRADE Outside of increases of 11 per cent in Brazilian exchange, 7 per cent in Chilean and 5 per cent in Argentine and a decline of 6 per cent in Japanese exchange, the movement of foreign exchanges as compared with September was within a narrow range, and the general index number showed no change from the previous month, at 61, compared with 63 a year ago. Imports for October, at S310,798,000 showed an increase of 8 per cent over September and 1 per cent over a year ago. Exports, totaling $527,233,000 in October, showed an increase of 23 per cent over the previous month and 32 per cent over a year ago. The excess of exports over imports of 8216,435,000 compares with §140,499,000 in September and S90 r 908,000 in October, 1923. CENSUS OF MANUFACTURES: 1923—PRELIMINARY REPORTS The Bureau of the Census has announced preliminary figures on 24 additional manufacturing industries collected pursuant to the census of manufactures for the year 1923. The following table summarizes the more important data made available since the compilation of the comprehensive list which appeared in the November issue, and as further similar reports are released they will be correspondingly summarized for the readers of the SUHVEY. CENSUS OF MANUFACTURES RETURNS: PERSONS EMPLOYED VALUE OF PRODUCTS INDUSTRY CLASSIFICATION 1923 Glass cutting, staining and ornamenting Sporting and athletic goods China decorating not done in potteries Feathers and plumes Professional and scientific instruments , Straw hats Surgical appliances Pottery Turpentine and rosin Soap , Minerals and earths, ground or treated , Fur felt bats Wool pulling , Saddlery and harness Oilcloth , Asphalted felt-base- floor coverings Linoleum Wall plaster, wall board, and floor composition Coffee and spice, roasting and grinding , Paving materials Photographic apparatus and materials Asbestos products not including textiles Wooden packing boxes Acids _ 10*21 1923 Per cent Per minimum Per cent month is of incent in- crease maximum crease over 1921 1023 1291 12.7 31.4 20.2 11. 10.1 91.4 81.7 35.9 88.6 86.4 49.7j 13.7 38.4j 35.8] 50.9j 15.1! 31.4 12.5 56.1 21.9 94.7 29.4 25.2 94.4 2.7 91.7 93.2 75.8 25.3 20.5 23.8 33.7 27.0 69.5| 84.7 85.4 82.2 64.2 59.7 81.5 82.9 25,280,160 10,147,305 149. l! 106.1] 79.6 52,527,106 38,474,848 36.5 28.4| 95.5 46.9 54.0 $25,026,557 $22,209,476 41,797,075 31,811,1741 1,241,964 1,492,609 7,866,492 8,886,540 63,091,391 42,131,845 32,534,763 28,616,604 44,068,237 32,495,421! 114,384,733 84,217,427! 35,166,715 23,300,845' 276,402,838 240,194,619' 34,798,630 26,173,722 33.0! 75,253,064 52,614,167 43.0 15,176,021 6,767,161 124.3' 42,123,100 30,163,601 39.6! 17,719,054 13,691,448 29.4; 73,800,539 50,226,768 46.9 297,527,593 226,059,026 71,648,660 61,128,969 31.6 17.2| 70,595,344 1.7 6.0 112 84.5 89.6 78.8 84.0 5.4 84.4 47.2 92.1 33.1:. 8.8 26.4| ! 95.0 .61.6 91.5 54.7 7.3j 91.6 70.8 12,270,205 5,858, . 109.4 111.5!162,857,784 122,587,582! 32.9 20.1! 92.9 79, 590,36S f,0, 262,890' 32. l\ 93.3 71,828,028 23 NOVEMBER DATA The following table gives such November data as have been received to and including December 13,1924, except wholesale prices of individual commodities, which appear on page 5, Text matter covering November data is given on page 1, 1924 October November October TEXTILES Cotton: Imports, unmanufactured bales. 18,113 17,549 16,564 Exports, unmanufactured (including lintcrs) bales. 947,556 1,306, 550 767,289 Consumption by textile mills bales. 532,629 492,233 532,702 Stocks, end of m o n t h Total, mills and warehouses thous. of bales- 4,955,510 5,9C0,831 5,213,678 Mills thous. of bales. 730, C56 1,046,612 1,444,474 Warehouses , thous. of bales. 4,224,854 4,914,219 3,769,204 Silk: Consumption ...... .._._.. ....„_.. -bales. 35,508 32,939 25,225 Stocks bales. 44,398 55,516 35,393 IRON AND STEEL Pig iron, production thous. of long tons.. Furnaces in blast: Furnace number,. Capacity long tons per day.. Steel ingots, production thous. of long tons.. Unfilled orders, U . 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.. Composite steel dolls, per 100 lbs.. Locomotives: Shipments— Total 1 number.. Domestic number.. Foreign. number.. Unfilled o r d e r s Total.. number.. Domestic number.. Foreign number— 2,477 2,510 2,894 182 81,490 3,111 205 89,100 3,107 231 94,345 3,134 3,525 4,032 4,369 2.46 2.49 2,78 20.37 2.68 20.60 2.68 22.49 3.02 78 18 133 123 10 462 398 64 397 331 299 270 29 November November, 1923 FOODSTUFFS—continued Grain movements—Continued. Shipments— Wheat thous. of bush, 72,000 _T. .pom thous. of bush 11,820 Visible s u p p l y Wheat thous. of bush 96.C28 Corn thous. of bush, 8,497 . Oats thous. of bush. 60,50-1 Argentine grain: Visible s u p p l y Wheat thous. of bush.., 4,810 Corn thous. of bush. 12,400 Flaxseed thous. of bush. 2,200 Rice: Receipts at mills thous. of bblsL . ! 2,183 Shipments from mills thous. of pockets, 1,303 1,5GS Stocks, domestic thous. of pockets, Sugar, raw; 323,907 Meltings long tons, 82,899 Stocks at refineries long tons, Sugar, Cuban movement: 85.702 Receipts, Cuban ports long tons, 195,CS3 Exports long tons 145,422 Stocks, end of month long tons, 50,151 7,120 17,012 10,269 105,533 8,072 67,2G5 82,269 4,810 10,800 1,800 2,900 3,200 800 1,905 1,301 2,205 1,912 1,236 1,734 2SS.073 34,972 2S8,031 58,189 13, 574 148,9S0 41,4G0 0,020 83,151 31,216 150 142 212 157 148 222 155 139 200 31.8 2a i 32.2 2S.1 28.6 25.1 4,3S0 270 160 809 282 177 2,070 4,004 232 160 777 279 96 2,544 4,054 197 168 769 297 106 2,457 thous. of dolls., thous. of dolls., thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. ..thous. of dolls. thous. of dolls. 41,063 23,801 17,262 34,016 20,393 7,872 3,f>79 2,102 39,841 21', 488 17,053 33,294 19,371 8,252 3,427 2,214 34,528 20,416 14,112 29,387 17,283 7,508 2,769 1,827 thous. of dolls. thous. of dolls. 310,793 527,233 296,000 494,000 291,333 401,484 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. 20,978 21,242 49.890 255,323 20,951 21,213 40,011 174, 733 21,750 22,055 40,565 190,844 320,307 233,753 256,287 mills, of dolls. mills, of dolls. 21,585 18,024 22,433 16,657 18,043 15,915 mills, of dolls. mills, of dolls. mills, of dolls. mills, of dolls. mills, of dolls. per cent. 802 223 1,767 3,132 2,218 78.6 866 222 1,8-15 3,134 2,203 77.4 373 794 2,246 3,197 l f 939 76.4 mills, of dolls. mills, of dolls. mills, of dolls. 12,764 5,551 12,922 12,870 5,617 13,065 '11,904 4,464 11,102 per cent. 2.45 2.60 4.81 3,25-4 18,080 CHEMICALS AND DRUG9 Wholesale prices: Drugs and Pharmaceuticals Essential oils Crude drugs index number index number index number TRANSPORTATION 656 35 NONFERROUS METALS Zinc: Retorts in operation, end of m o n t h . . . n u m b e r Production thous. of l b s . . Stocks end of month thous. of l b s . . Receipts at St. Louis thous. of l b s . . Shipments from St. Louis thous. of l b s . . Lead: Receipts at St. Louis thous. of l b s . . Shipments from St. Louis thous. of l b s . . 1921 November, 1923 72,139 84,976 76,904 18, 796 29,904 77,631 85,266 ! 108,346 I 30,594 | 27,766 j 84,906 88,560 61,808 13,664 12,325 14,432 11,783 11,912 9,470 7,745 10,729 Index of ocean rates, Atlantic ports to: United Kingdom weighted index number. All Europe weighted index number. Car loadings (monthly totals): Total thous. of cars, Grain and grain products thous. of cars. Livestock thous. of cars. Coal and coke thous. of cars. Forest products thous. of cars. Ore thous. of cars, Merchandise and miscellaneous..thous. of cars, DISTRIBUTION BUILDING AND CONSTfiUCTION Contracts awarded, floor space (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 thous. of sq. ft.. Grand total thous. of sq. ft.. Contracts awarded, value (27 States): Business buildings thous. of d o l l s Industrial buildings thous. of dolls.. Residential buildings thous. of dolls.* Educational buildings thous. of dolls.. Other public and semipublic ^r M * • & buildings thous. of dolls.. Grand total thous. of dolls-. Construction relative to 1913 (Engineering News Record): Cost (1st of following month) index number.. Northern pine: Lumber— Production M ft. b . m_. Shipments M ft. b. m_. LathProduction thousandsShipments thousands.. 8,546 3,332 28,395 3,201 8,957 3,0-10 31,553 2,536 6,906 5,634 33,114 3,529 3,566 47,390 2,617 49,002 2,773 61,972 51,026 14,395 148,982 23,611 50,930 27,810 178,432 10,483 29,792 42,694 147, 716 21,722 26,373 344,941 19,193 344,344 206 17,873 289,263 217 41,333 52,985 9,185 38,529 22,350 44,251 12,381 10,108 2,314 5,957 5,163 7,156 CEMENT Production Shipments Stocks _ .„._. thous. of bbls.. thous. of bbls.. thous. of bbls.. 14,820 17,081 6,143 13,141 10,259 8,927 12,603 10,251 6,991 60,503 15,223 18,620 37,192 23,199 18,289 FOODSTUFFS Grain movement: ReceiptsWheat . , . Corn Oats .„. thous. of bush.. thous. of b u s h . . thous. of b u s h . . 88,022 19,511 39,147 Mail-order houses, total sales Sears, Roebuck <fc Co Montgomery Ward & Co Ten-cent stores, total sales F. W. Woolworth Co 3. S. Kresge Co S. H. Kress Co McCrory Stores Corp U. S. foreign trade: Imports Exports PUBUC FINANCE BANKING AND FINANCE Bank clearings: New York City Outside New York City Federal reserve banks: Total investments Bills discounted Notes in circulation Total reserves Total deposits Reserve ratio Member banks: Total loans and discounts Total investments Net demand deposits Interest rates: New York call loans 24 NOVEMBER DATA—Continued 1921 ITEM 1921 November, 1923 October November 36,099 15,619 16,122 4,357 31,124 10,252 15,782 5,090 49,592 28,456 17,194 3,942 1,696 411 1,186 99 1,653 361 1,193 99 1,704 495 1,131 78 DEBITS TO INDIVIDUAL STOCKS AND BONDS Bond price indexes* Combined indcx,40 bonds p. ct. of par.4% bond.. 10 highest grade rails p.ct. ofpar.4%bond._ 10 second grade rails p . ct. of par. 4% bond.. 10 public utility bonds. _ p. ct. of par. 4% bond.. 10 industrial bonds p . ct. of par. 4% bond.. Stock sales > thous. of shares. Stock prices: 25 industrials dolls, per share 25 railroads. . dolls, per share 75.74 86.67 74.36 70.10 73.75 18,126 76.06 86.43 75.03 70.45 74.00 41,309 70.96 83.25 66.79 64.53 72.02 22,574 117.29 69.63 121 11 76.00 105.44 58.30 .709 35.387 .693 33,775 .638 32. 774 GOLD AND SILVER Total, 15 centers Atlanta Birmingham New Orleans Jacksonville Nashville Augusta DEBITS TO INDIVIDUAL ACCOUNTS (By Federal reserve districts) 121.8 128.5 244.1 125.6 133.3 89.2 97.3 111.0 102.8 133.2 137.3 142.4 121.5 137.5 127.3 135.6 120.4 102.0 115.7 121.6 124.3 120.7 110.4 122.2 111.1 149.4 123.9 131.7 110.6 _. 113.3 125 8 114.8 116.0 113.2 98.6 105 7 113.7 115.0 98.2 121.1 118.2 152.8 146.5 „. . 112.0 110.2 131.6 137.9 107.0 104.0 134.0 130.3 117.2 85.5 134.4 101.0 120.7 105.0 197.4 125.0 140.0 100.9 75.5 120 5 89.2 105.1 86.6 140 3 115.7 122.0 101.7 72.2 117 8 90.8 105.9 90.0 141 4 111.2 120.0 102.2 99.2 82.1 117.2 75.7 94.0 89.5 84.3 110.3 66.9 98 9 86.1 104.7 126.7 75.7 N E W YORK DISTRICT: Total. 7 centers Albany BufTalo Rochester New York PHILADELPHIA DISTRICT: Total, 10 centers Philadelphia. . Scranton _ Trenton .. CLEVELAND DISTRICT: Total, 13 centers Akron Cincinnati Cleveland Pittsburgh Youngstown Toledo Columbus Dayton _ _ RICHMOND DISTRICT: Total, 7 centers Baltimore Norfolk Richmond Charleston 106.9 117.1 178.0 111.5 108.3 76.3 105.4 116.6 112.6 133.4 116.2 121.9 124.1 97.3 131.7 106.1 104.2 124.2 103.1 104.4 83.8 81.9 104.8 104.4 100.4 124.6 109.6 111.8 86.8 81.3 112.7 124.6 110.3 120.3 124.3 272.2 112.1 102.0 104.7 123.0 236.7 113.3 97.4 106.2 132.4 208.4 160.7 287.7 156.2 112. 3 109.1 111.1 135.2 231.7 131.9 97.8 93.8 97. 0 100.7 104.4 98.3 104.3 81.8 88.9 98.9 126.0 99.0 80.7 78.8 139.7 87.2 86.3 109.9 86.1 05.3 68.4 125.7 83.1 85.5 109.6 85.2 67.4 69.4 114.7 ,75.5 128.6 146.6 118.8 104.4 112.6 129.3 105.8 88 4 112.1 134.8 98.5 80.4 135.1 238.2 107.7 112 8 94.2 201.5 . -.. 123.6 225. 5 86.5 104.1 83.1 176.6 128.9 230.3 90.1 103.3 84.9 180.9 108.6 122.2 104 7 114 1 114.3 94.0 109 8 110 4 114.7 135.7 93 3 109 3 124 1 ]17. 5 120.7 110 6 113 5 103.5 90.2 98 7 107 8 110.0 125.5 86 6 101 8 119.0 100.8 115.3 96.3 108.4 104.3 94.9 100.6 106.1 111.2 93.5 85.8 101.4 124.1 CHICAGO DISTRICT: Total, 21 centers Chicago Detroit Indianapolis Milwaukee Des Moines Grand Rapids^ Sioux City .-.._. . . - . ST. LOUIS DISTRICT: Total, 6 centers Louisville St. Louis Memphis Little Rock - - .. _ Total, 9 centers Duluth. Minneapolis St. Paul Billings. _ _ _ Total, 14 centers Denver . Kansas City, M o *. . ._ BOSTON DISTRICT: .. 104.9 114 5 10-1.7 100.9 125.0 77.4 83.7 KANSAS CITY DISTRICT: 116.0 UNITED STATES, 141 clearing-house centers Total, 11 centers Boston. Hartford Providence New Haven November ACCOUNTS—continued ATLANTA DISTRICT: MINNEAPOLIS DISTRICT; . k dolls. perfineoz._ pence per standard oz... November, 1923 October BUSINESS FAILURES Liabilities: Total commercial thous. of dolls.. Manufacturing establishments..thous. of dolls.. Trade establishments thous of dolls Agents and brokers thous. of dolls.. Firms* Total commercial number.. Manufacturing establishments number.. Trade establishments number „ Agents and brokers number,. Silver: Price at New York Price at London ITEM St. Joseph, M o Oklahoma Citv Tulsa DALLAS DISTRICT* Total, 11 centers Dallas Houston Fort Worth SAN FRANCISCO DISTRICT: Total, 18 centers Los Angeles Portland, Orcg - . San Francisco Seattle Oakland, Calif DISTRICT TOTALS CORRECTED FOR SEASONAL VARIATION: United States total Boston district New York district Philadelphia district Cleveland district Richmond district Atlanta district Chicago district St Louis district Minneapolis district Kansas Citv district Dallas district San Francisco district _ 25 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 relative numbers; often the individual relative numbers making up the scries are also given The function oi index and relative numbers is explained on the inside front cover. A condensed form of this table is given on page 7. i ; Maximum since Jan. 1, 1920 1923 Minimum since Jan. lp ! Septem- October 1920 ; ber PER CENT INCREASE ( + ) OR DECREASE ( - ) 1924 July August Septem- October ber October from September October, 1024, from October, 1923 PRODUCTION. (Relative to, 1919 monthly average as 100.) RAW MATERIALS Grand total __ _ 180 131 157 98 122 152 180 + 18.4 + 14.6 83 ! 138 205 105 119 41 40 0 217 0 116 17 125 74 104 38 108 57 106 80 152 212 127 119 194 124 120 111 91 115 125 194 83 106 172 121 158 114 92 95 126 196 90 96 152 125 158 102 94 115 131 189 106 104 139 119 166 99 109 117 138 190 121 105 129 130 169 112 129 119 + 5. 3 -j-0. 5 + 14.2 + 1. 0 -7. 2 + 9. 2 + 1.8 + 13. 1 +18. 3 + 1. 7 -9.2 -10. 4 -4. 7 — 11 8 — 33 5 + 4. 8 + 40 8 + 0. 9 + 41. 8 73 MINERALS Total . „. Petroleum _ Bituminous coal Anthracite coal Iron ore * __ __ __ _ Copper ;__ Lead__ Zinc. - _ Gold Silver _ „ . „ . _ _ -_ _ -_ 154 212 137 121 241 130 169 133 131 145 + 3. 5 ANIMAL PRODUCTS (marketings) » 129 227 143 167 153 245 382 135 190 80 19 58 64 54 30 21 45 94 108 59 112 97 117 83 95 117 129 122 24 137 129 153 70 138 115 128 117 201 88 110 74 122 100 130 143 108 183 94 86 89 89 92 115 141 110 83 125 86 134 73 100 115 134 112 62 133 107 146 62 138 117 ! 134 + 1. S -8.2 - 2 5 . 3 + 158.3 + 6.4 -2.9 + 24.4 -17. 1 + 9.0 -4. 6 -15. 1 -11.4 + 38.0 0.0 + 1.7 + 1.7 0.0 + 4.7 . 246 242 254 405 278 170 49 54 58 50 19 21 144 134 178 262 144 92 184 120 229 405 232 121 73 104 141 153 21 21 129 227 107 163 38 43 193 231 161 260 175 88 246 242 228 357 278 120 + 27.5 + 4.8 + 41.6 + 37.3 + 58.9 + 36.4 + 4.9 + 101.7 -0.4 -11.9 + 19. 8 -0. S .-. 136 135 140 267 151 61 59 51 20 24 124 125 79 220 94 131 131 99 214 106 110 107 82 264 63 122 121 90 245 60 117 117 90 215 55 132 133 112 169 65 + 12.8 + 13. 7 + 24. 4 — 21. 4 + 18.2 + 1.5 + 13. 1 — 21. 0 -38. 7 Grand total _ Foodstuffs. . . .. Textiles. _ ' _ __ Iron and steel _ ._ Lumber .. _ „ Leather _ .. _ Paper and printing . Chemicals, oils, etc Stone, clay, and glass . . . Metals, excepting iron and steel Tobacco „. . ._ Miscellaneous _ - 139 129 130 147 154 115 121 161 143 195 125 145 68 77 54 32 57 63 69 92 69 71 70 37 113 105 99 122 137 90 96 141 128 151 110 102 123 115 111 128 145 99 107 157 136 180 125 113 97 129 71 67 125 71 100 138 131 158 119 100 108 117 78 87 137 81 102 143 141 165 115 109 113 112 92 95 134 87 102 147 134 164 118 120 123 112 112 105 154 96 113 161 143 164 123 120 + 8.8 0. 0 + 21. 7 + 10. 5 + 14. 9 + 10. 3 + 10. 8 +9.5 +6.7 0.0 + 4.2 + 0. 8 Building construction (total awards)*--- 154 147 98 30 ; 140 83 153 116 142 88 116 90 148 93 102 +9.7 Total ___ . Wool * Cattle and calves Hogs. __ Sheep ^ . Eggs* . Poultry * _ .. _ „ „. Milk (New York) . ._ _ CROPS (marketings) Totals ' „ Grains * Vegetables* _ Fruits*.. Cotton products * Miscellaneous crops * _. .. -- FOREST PRODUCTS Total Lumber . Pulpwood__ .„ _ Gum (rosin and turpentine) * Distilled wood „ - +0*8 MANUFACTURING * Fluctuations between maximum and minimum largely due to seasonal conditions. 0.0 — 2. 6 + 0. 9 — 17. 3 + 6. 2 — 3. 0 + 5. 6 + 2.5 + 5.1 -8.9 -1.6 + <" 1 -12.1 26 INDEXES OF BUSINESS—Continued 1923 Maximum sinco Jan. 1, 1920 Minimum sinco Jan. 1, 1020 148 233 1S9 115 169 91 73 SO PEE CENT INCREASE ( + ) OR DECREASE ( - ) 1921 Septem- October ber July August IS October October from September October, 1024, from October, 1923 STOCKS (Relative to 1919 monthly average as 100) (Corrected Tor seasonal variation) Total _ Raw foodstuffs -Raw materials for manufacture Manufactured foodstuffs Manufactured commodities 136 148 118 90 167 138 154 130 87 164 4-1.5 + 4. 1 + 10.2 -3.3 -1.8 + 16.9 + 36,3 0.0 + 8.8 + 10.3 121 119 83 102 159 128 122 116 100 159 14. 148 168 93 161 + 12.5 + 21. 3 + 44. S -7.0 + 1.3 + 13.4 + 23.3 0.0 + 16.3 + 14.2 44 31 96 46 32 107 16 34 97 43 34 80 -6.5 0.0 — 17.5 -20.4 -22.7 -12. 1 94 -2. 1 -6.0 -7.0 -12. 1 -4.3 -11.6 -10.7 -8.7 -14 8 -31.5 -20.7 + 1.0 -8.7 + 3. 1 + 9.6 -6.9 +0.8 -2.0 -4.7 -3.6 + 14 9 I -7. 1 I SG 118 119 118 S3 140 118 113 130 80 141 131 153 95 80 161 134 160 100 87 165 152 232 175 115 16S 84 70 68 56 89 113 108 114 88 135 127 120 168 SO 141 123 121 82 100 164 116 112 153 .0 37 25 58 49 95 54 44 91 (Unadjusted Index) Total Raw foodstuffs., _ _ Raw materials for manufacture __ Manufactured foodstuffs _ Manufactured commodities I UNFILLED ORDERS (Iron, Steel, and IluUditig Materials) Total (8 commodities; 1920= = 100)..__ Iron and steel Building materials WHOLESALE TRADE (Relative to 1919 monthly average as 100) (Distributee! by Federal Reserve Districts)* OS 62 01 96 78 83 92 HARDWARE, total 10 districts_ New York Richmond Chicago San Francisco 115 116 120 125 58 54 58 52 72 106 100 104 107 112 117 115 116 115 121 93 88 S3 99 94 93 83 93 93 97 106 95 108 106 105 110 107 95 110 107 SHOES, total G districts. New York Richmond Chicago San Francisco 78 82 99 101 98 39 40 31 35 I ! 47 |i 76 61 85 64 94 75 69 81 73 87 44 46 37 37 54 56 54 67 46 69 69 64 70 58 70 67 63 69 50 69 GROCERIES, total 10 districts. New Y o r k - . . . Richmond Chicago San Francisco 100 103 100 91 124 62 60 62 56 77 90 83 90 79 113 99 103 97 S3 116 82 76 77 70 95 S3 74 83 70 96 92 86 92 78 102 100 94 100 91 108 DRUGS, total 7 districts. N e w York Richmond.-Chicago... . San Francisco 130 146 117 112 185 88 85 75 74 99 115 125 101 101 145 129 149 112 112 161 111 121 98 91 160 109 112 99 93 156 118 130 107 102 166 130 146 107 j " 108 185 + 2.2 +3.8 + 12.6 -12.0 +3.8 + 1.9 -2.9 -1.6 — 1.2 »13.8 -1.4 +8.7 + 9.3 +S. 7 7 + 16.7 i + 5. 9 + 2.2 + 2.3 0.0 +5 9 . + 11.4 D R Y GOODS, total 9 districts New Y o r k . . . __ Richmond Chicago San F r a n c i s c o . 135 119 131 136 64 71 45 53 67 112 123 115 123 124 112 135 112 112 136 79 84 62 79 94 102 98 93 91 123 116 111 113 116 125 104 103 84 94 120 -10.3 ! -3.7 I -7.3 | -25. 7 | -25. 0 j s-19. 0 ! -16.1 ! - 4 0 j -11.8 78 43 73 67 68 71 78 49 92 69 74 106 Grand total, all classes MEATS, total 2 districts _. RETAIL TRADE I + 9.9 i +2.6 (Relative to 1919 monthly average as 1 Q 0 ) MAIL-ORDER H O U S E S ^4 houses) CUAIN STORES: Ten-cent (5 chains) Music (4 c h a i n s ) . Grocery (28 chains) Drug (10 c h a i n s ) . Cigar (3 chains) r C a n d y (4 chains) Shoe (6 chains) DEPARTMENT S T O R E S : Sales (359 stores) Stocks (314 stores) •_ ' _: •_ j +33. 0 331 214 236 1S5 192 220 173 84 55 119 109 106 108 72 151 102 182 143 140 176 127 180 l 113 200 152 138 185 139 163 72 207 148 128 184 113 172 91 198 153 138 . 184 108 169 110 207 145 137 185 203 124 236 159 144 202 138 202 154 80 101 113 139 148 146 91 122 93 126 119 137 141 148 . . +5. 2 + 12.8 +20. 1 + 12. 7 i + 9.7 + 14 0 '• + 18. 0 +46 + 9. 7 +4 3 + 5. 1 ! *:+9.2 +9.2 i + 11; 3 ] .;'--• 0:7 + 18. 5 -4 7 +8. 0 indexes for the individual districts wcro selected from the series beginning January, 1021, prior monthly data not being available je maximum and minimum monthly indexes cover the period sinco January. 1920. The fluctuations between maximum and minitotals for a given line are, therefore, not comparable. 27 INDEXES OF BUSINESS—Continued Maximum since Jan. 1, 1920 1923 Minimum since Jan. 1, 1920 TEH CENT INCREASE (-f) Oil DECEASE ( —) 1924 i October . Septem- October i. July ' August , S o P t o m * from ber bcr October | September ! PRICE INDEX NUMBERS FARM PRICES I (Relative to 1909-1914, average as 100) All groups Grain Fruits and vegetables Meat animals • Dairy and poultry Cotton and cottonseed Unclassified 235 283 373 180 215 304 180 110 88 j 114 j 91; 130 111 131 112 130 204 100 132 130 113 130 i 123 142 i 106 103 ! 141 ' 111 221 215 ; 94 ! 101 i • 114 131 171 178 109 155 121 173 114 ! 154 144 147 202 176 144 182 128 183 121' 153 i 144 : 148 :! 199 |! 172 !i 142 ;; 182 129 i| 183 1 1 120 ;! 135 122 j 103 152 168 15S 163 131 196 176 155 172 122 197 171 138 118 146 154 139 158 153 : 147 139 j! 130 159 j| 153 267 246 272 142 I 163 144 102 125 I 176 218 227 134 115 158 142 1 219 139 155 139 143 153 149 171 _._ in 76 80 j 137 141 129 140 138 116 112 219 103 113 115 121 175 100 147 141 139 188 173 130 169 127 171 112 150 145 144 190 170 130 169 127 i 171 ' 115 149 143 148 187 168 128 171 131 171 116 + 2.0 + 4.2 +2.7 152 , 188 j + 0.5 i 162 ; -3.6 127 ! -0.8 ! 0.0 171 ; ; 132 = + 0.8 : 0.0 171 ; | + 3.4 1 2 0 •' • 152 ! 176 j 114 !j 175 ,1 167 154 195 123 175 166 152 164 123 180 166 156 ;, 172 ii 130 ; 181 ;i 165 i; +2.6 +4.9 + 5.7 + 0.6 -0.6 + 0.6 0.0 + 6.6 -8. 1 -3.5 150 131 156 149 130 158 152 : 129 ii 161 i +2.0 -0.8 + 1.9 -0.7 -7.2 + 1.3 163 ; 156 150 i 132 182 180 158 139 177 156 143 163 159 j 146 ; 167 ! +19 . + 2.1 -2.5 -2.7 -8.2 158 143 155 137 156 139 158 141 160 ! ! 145 i , + 1.3 +2.8 + 1.3 +14 . 149 150 143 144 147 149 ! +1.4 i -0.7 163 149 175 175 176 173 164 150 175 176 178 173 162 143 186 171 166 173 163 144 186 176 166 173 164 147 185 174 166 173 165 149 185 i ! 177 I ! 167 I ; 173 : +0.6 + L4 + 0.6 -0.7 +5.7 +0.6 -6.2 0.0 136 150 109 ! 121 ! i 130 1S2 : 102 + 5. 1 4-7.1 -3.5 + 5.2 + 7.4 + 4. 0 + 2.0 +3.0 + 32. 7 -11.4 + 14.2 -7. S -7.6 + 8. 5 WHOLESALE PRICES Department of Labor Indexes i; (Relative to 1913) All commodities Farm products Food, etc Cloths and clothing Fuel and lighting Metals and metal products Building materialChemicals House-furnishing goodsMiscellaneous . 248 243 248 __! 346 I 281 I 203 300 213 275 208 138 * ! i ! ! ! ! ! 152 ; 149 '•• -0.7 + 3.5 7 5. -5 5 -10.6 ~G. 0 + 2.3 -0.6 0.0 Federal Reserve Board Regrouping of Department j of Labor Indexes | (Relative to 1913) Total raw products Agricultural products Animal products Forest products Mineral products j. All commodities Producers' goods ~ Consumers' goods. j __! 249 311 218 , 375 j 272 I 247 ! 244 249 l Federal Reserve Board Indexes (Relative to 1913) All commodities Goods importedGoods exported. + 2.5 Commercial Indexes (Relative to 1913) Dun's (1st of following month) Bradstreet's (1st of following month). RETAIL PRICES FOOD (Dept. of Labor—relative to 1913) j COST OF LIVING National Industrial Conference Board Indexes (Relative to July, 1914) All items weighted Food..... Shelter Clothing. " • Fuel and- -- - • light. Sundries ! i 205 ! 219 I 185 288 2 0 0 192 0.0 + 1.7 +0.6 0.0 28 INDEXES OF BUSINESS—Continued PER CENT INCREASE (+) OR DECEASE (-) 1934 1023 Maximum since Jan. 1, 1920 Minimum since Jan. 1, 1920 333 310 340 154 155 163 158 158 165 15S 160 166 163 173 174 165 172 173 167 176 172 170 180 175 588 537 j 670 366 263 279 218 306 283 504 152 424 404 569 155 421 404 563 153 481 440 567 148 477 442 572 152 486 436 580 153 497 442 162 143 170 163 149 174 163 147 174 164 147 179 165 149 180 164 146 179 '321 313 183 171 210 190 212 196 195 191 200 196 236 326 146 160 172 181 171 182 163 171 100 105 98 102 103 98 100 100 102 92 99 101 94 99 107 96 100 101 98 101 99 101 92 100 102 94 85 94 79 80 93 83 98 84 94 81 93 84 82 Septem- October ber July August Septem- October ber October from September October, 1924, from . October, 1923 PRICE INDEX NUMBERS—Gontd. FOREIGN WHOLESALE PRICES (Relative to 1913) United Kingdom: British Board of Trade London Economist U. S. Federal Reserve Board France: General Statistical Bureau U. S. Federal Reserve Board. Italy (Bachi) Sweden. " ' Canada: Canadian Department of Labor. U. S. Federal Reserve Board India (Calcutta) Japan: Bank of Japan U. S. Federal Reserve Board Australia. Switzerland. + 1.8 + 2.3 + 1.7 + 2.3 + 1.4 + 12.5 + 5.4 + 18. 1 + 9.4 165 148 181 + 0.6 + 1.4 + 1.1 206 198 213 + 3.4 + 1.2 + 0.7 + 4.0 + 0.5 162 170 162 169 169 0.0 -7. 1 85 95 81 79 93 87 98 84 96 81 93 84 80 87 97 84 80 93 91 100 88 95 79 95 84 82 88 97 86 81 94 92 101 89 95 85 88 85 84 + 7.6 (Relative to July, 1914) 2 EMPLOYMENT (Relative to 1923, monthly average as 100) Number employed, by industries: Total, all classes Food products Textiles Iron and steel Lumber Leather Paper and printing Chemicals Stones, clay, and glass Metals, except iron and steel Tobacco products Vehicles Miscellaneous 1 Since January, 1921. > January, 1920; no other figures for 1920 available. + 1.1 0.0 + 2.4 + 1.2 + 1.1 + 1.1 + 0.1 + 1.1 0.0 + 7.6 -7.4 + 1.2 + 2.4 -11. 1 -9.3 -10.6 -19.0 -6.9 -6.1 0.0 -10. 1 -5.9 -7.6 -12.0 -16.7 -10.6 29 TREND OF BUSINESS MOVEMENTS T f ? ?u the monthly figures, designed to show the trend in important industrial and comdata for the latest months are given and in addition relative numbers for the last four months rt i1 " " f" ^ figu d tl d t h l dil t monthly intervals; therefore the following a i i, ~ina>i T.Li • -*,-—«• — — *- -" g enera -l to facilitate the use of the table: September, l^f— Ihis column gives the September figures corresponding to those for October shown in the next column—in other words, cover the previous month. October, 1924.—In this column are given the figures covering the month of October or, as in the case of stocks, etc., the situation on October 31 or November 1. Corresponding month, September, 1923, or October, 1923.—The figures in this column present the situation exactly a year previous to those in the "October, 1924," column (that is, generally October, 1923), but where no figures are available for October, 1924, the beptember, 1923, figures have been inserted in this column for comparison with the September. 1924 l figures. ' ' Cumulative total from January 1 through latest month.—These columns set forth, for those items that properly can bo cumulated mercial movements. figur Percentage increas . . , , _r _t¥ « «« w«*««.«,v^« w ^w. « total for the ten months ending October, 1924, is greater (+) or less ( - ) than the total for thecorVespomiingperiod'ended October, 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 year by relative 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. Relative numbers.—In order to visualize the trend of each movement, relative numbers (see explanation on inside front cover) are given for the last four months and for two corresponding months of a year ago. These relative 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 relative number will be greater than 100. If the converse is true the relative number will be less than 100. The difference between 100 and any relative number gives at once the per cent increase or decrease compared with the base period. Relative numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (+) or decrease (—) October from September, and October, 1924, from October, 1923.—The last two columns show the per cent increase or decrease of the figure for the last month compared with the preceding month and the corresponding month last year. BASE YEAR OR PERIOD Per cent increase (+) or decrease (—) I I 1934 1933 Oc- October! 1924, from from SepOctember tober, 1923 Sept. 1923 t> or decrease (-) cumulative 1924 from 1923 Aug. Septem- October ber CUMULATIVE TOTAL PROM JANUARY 1 THROUGH LATEST MONTH j July In many cases November figures are now available and may be found in the special table on page 23 ( Corresponding month, September or October, 1923 Sept. NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (NO. 39). Detailed explanations with sources are also given in that issue. RELATIVE NUMBERS Per ct. increase 1 Oct. NUMERICAL DATA TEXTILES Wool. Receipts at Boston: Domestic thous. oflbs. Foreign thous. of lbsTotal thous. of lbs. Imports, unmanufactured thous. of lbs. Consumption by textile mills, grease equivalent thous. of lbs. Machinery activity hourly: Looms, wide per ct. of hours activeLooms, narrow per ct. of hours active. Looms, carpet and rug...per ct. of hours activeSets of cards per ct. of hours active. Combs per ct. of hours activeSpinning spindles— Woolen per ct. of hours active. Worsted per ct. of hours activeMachinery activity (percentage of total): Woolen spindles per ct. of active to total. Worsted spindles per ct. of active to total. Wide looms per ct. of active to total. Narrow looms., .per ct. of active to total. Carpet looms per ct. of active to total. Prices: Raw, Ohio, H blood, unwashed .dolls, perlb. Raw, territory fine, scoured dolls, per lb.. Worsted yarn dolls, perlb. Wool, dress goods. dolls, per yd.. Men's suitings.... dolls, per yd.. 14,865 4,121 18,9S6 12,129 11,050 4,576 15,626 1G,G38 4,335 3,176 7,511 9,566 121,419 263,540 384,959 372,639 171,312 88,383 259,695 219,560 +41.1 -66.5 -32.5 -41.1 1913 1913 1913 1913 45,638 54,854 51,815 545,876 438,2S2 -19.7 1921 106 117 77 91 85 79 85 85 77 66 74 62 32 60 40 76 -25.7 -fll.O -17.7 +37.2 +154.9 +44.1 +108.0 +73.9 103 124 h +20.2 +5.9 266 242 110 30 89 78 200 199 101 48 68 96 +11.5 +10.9 -3.6 -12.1 101 111 127 140 +10.2 107 102 122 123 i +4.9 60 77 97 110 j +13.4 -14. G -1.5 +13.4 96 107 92 102 65.9 59.1 73.9 65.1 76.7 73.9 1921 1921 113 111 105 116 65.2 87.1 86.3 71.6 91.8 98.1 84.2 92.7 86.2 1921 1921 1921 158 164 131 130 96 97 86.4 67.0 90.8 78.7 88.0 87.0 1921 1921 124 122 101 106 99 100 120 126 54 62 82 96 1913 108 109 96 95 103 108 4-1.9 1913 1913 1913 1913 112. 104 110 124 114 104 111 127 74 78 91 101 85 81 88 97 100 101 101 104 100 100 109 113 +11.0 +10.2 +3.0 +3.7 -0.9 -11.4 -6.7 -6.3 -11.0 .47 1913 188 188 176 192 212 228 +7.5 +21.3 1.30 1.650 1.035 3.690 I. 1913 1913 1913 1913 232 219 184 239 .57 1.44 1.C50 1.035 3.600 L48 1.750 1.035 3.690 228 212 184 239 228 200 184 233 239 206 184 233 253 212 184 233 +5.0 +17.1 +3.3 -9.4 260 +2.8 +13.8 225 +6.1 +6.1 184 1 0.0 0.0 239 +2.5 0.0 30 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (NO. 39). Detailed explanations with sources are also given in that issue. RELATIVE NUMBERS Per ct. increasi Per cent increase ( + ) or decrease (—> <+) 1931 In many cases November figures are now available and may be found in the special table on page 23 September October Corresponding month, September or October, 1923 CUMULATIVE TOTAL FROM JANUARY 1 TIIROUGII LATEST MONTH 1923 order crease (-) cumulative 1924 from 1923 BASE TEAR OR PERIOD 1933 Oc- 1924 October tober, from 1924, from Se; Octern.ber tober, i 1923 i TEXTILES—Continued Cotton. Production, crop estimate L^tbous. of bales.. 12,816 1,845 Receipts into sight thous. of bales.. 0,654 Imports, unmanufactured bales.. Exports, unmanufactured (including Hntcrs) bales.. 737,010 Consumption by textile mills bales.. 435,216 Stocks, end of month: 2,537 Total, mills and w'houses.thous. of bales.. 515 Mills thous. of bales2,073 Warehouses thous. of bales.. World, visible, 1,6SS American thous. of bales.. 2,019 World visible, total thous. of bales,. Machinery activity of spindles: Active spindles ...thousands.. 30,122 6,415 Total activity millions of hours.. 170 Activity per spindle hours.. 76.1 Per cent of capacity percent.. Cotton finishing: Orders received, grey yardage— thous. of yds.. 74,213 Billings, finished goods (as produced)— thous. of yds.. 70,547 Shipments, finished goodscases.. 39,753 Stocks, finished goods— cases.. 39,325 54 Operating activity...per cent of capacity.. Manufactured goods: Cotton cloth exports thous. of sq. yds.. 43,224 Fabric consumption by tiro manufacturers thous. of lbs,. 13,171 Elastic webbing sales ..thous. of yds.. 11,340 Fine cotton goods: Production pieces.. 325,279 Sales pieces.. 377,770 Prices: .222 Raw cotton to producer dolls, per lb._ Raw cotton, New York dolls, per lb.. .244 Cotton yarn. dolls, per lb._ .432 Print cloth dolls, per yd_. .066 Sheeting dolls, per yd.~ .110 13,153; 2,807 18,113 I 10,081 2,368 7,615 7,375 322,993 8,019 254,810 -21.1 +8.7 1913 1913 917,556 532,629 774,320 543, 200 3,666,145 5,524,831 4,412,417 4,487,955 +20.4 -18.8 1913 1913 +28,6 +22.4 +22.4 -2.0 4,956 731 4,225 4,591 1,106 3,485 1913 1013 1913 3,358 4,207 2,785 3,769 1913 1913 90 +91.6 +8.0 +41.9 -33.9 +103.8 +21.2 +08.9 +20.6 +62.0 +13.2 31,070 7,593 201 85.4 34,330 8,382 223 05.4 1013 1022 1922 112 97 I 109 90 107 +3.2 +18.4 +18.2 +12.2 925,181 ] 746,921 948,826 764,287 44,331 49,295 4S4, 252 416,767 40,664 67 47,680 72 53,113 44,795 392,479 387,682 13,205 12,345 8,431 11,259 102,011 137,757 ; 118,053 107,668 444,079 4,354,025 ; 3,447,169 327,694 3,475,875 ; 2,573,107 M921 109 G C 79 +22.1 U921 120 68 75 '1921 110 75 80 132 111 117 116 72 +23.0 -15.5 +11.5 -10.1 +3.4 -14.7 +24.1 -6.9 -1.2 +15.7 -21.8 3 1013 121 101 133 1921 1919 126 77 146 ! 186 64 67 -20.8 -20.0 1919 1919 no 240 235 200 217 204 -19.3 -19.4 -13.9 I .301 .404 .075 .125 109 +22.9 +18.6 +0.3 +S6.6 +8.9 +9.6 +18.5 -33.4 73 228 Cancellations Stocks, end of month | 229 189 202 189 I number... number..: ! number. J ! number..! number.-! ! number.. number.. dozens..! ..dozens..! 473,721 441,889 619,979 -!0.7 -0.9 +78. G -56.4 -6.7 237,132 347,982 372,321 324,322 410,917 486,090 +57.0 -0.4 -6.S -33.3 509,193 144,076 406,678 160, S04 424,900 124,900 139,746 135,102 dozens..! 1,750 dozens..! 229,636 137,875 129,413 7,907 223,541 173,721 175,228 4,468 210, 503 -20.1 -4.3 +11.6 +28.7 -1.3 -20.6 -6.3 -26.1 +355,3 +78.3 -2.7 +6.2 529,707 14,421 472,877 25,756 477,202 59,100 Raw SOk I ports thous. of lbs..! 0,491 5,240 5,615 50,907 eliveries (consumption) bales.. 36,360 25, 917 35, SOS 309,918 Stocks, end of month bales.. 42,200 32, 679 44,398 Price. Japanese, New York dolls, per lb_. 5.439 5.733 7.840 Burlap and Fiber Imports: 46,499 40,846 500,140 Burlap thous. of lbs.. 55,900 18,628 16, 2S6 19,310 251,912 liber (unmanufactured) long tons.. Pyroxylin Coated Textiles 1,893 2,988 2,460 Pyroxylin spread thous. of Ibs_. 612,187 691,867 728,054 Shipments goods Heavy billed: _ linear yds.. 843,322 916,099 1,395,135 Light goods linear yds.. Unfilled orders, end of month: Light ygoods o d s l i linear yds.. 457,705 505,411 389,423 eav 8 O K ^ Heavy goods linear yds.. 938,250 784,882 jl,504,082 ! Estimate made as of the first of the second following month indicated; i.e., the October | Eleven months* average, January to November, inclusive. ! £^ e l Y e m o n t h s average, July to June, inclusive, ending the year indicated. 4 Relative to 11 months' average, February to December, inclusive. -13.2 -23.2 +4.1 -19.8 +0.4 -18.6 +3.9 -9.1 0.0 -12.0 -6.4 -17.6 232 248 190 197 175 Clothing Men's and boys' garments cut: Men's suits, wool Men's suits, other Men's separate trousers, wool Men's separate trousers, other Men's overcoats Boys' suits and separate pants Boys' overcoats and reefers Work clothing: Cut....; Sales „„ -9.5 -9.4 -9.9 -10.5 1913 1913 1913 1913 1913 97,985 102,695 .231 .215 .449 .066 .103 +30.6 +52.1 +18.5 +87.6 +137.9 21921 U921 90,601 86,765 3S5,301 251,728 233 46,237 299,037 -0.2 -3.5 1913 1020 1920 1913 159 ! 184 151 145 53 1 64 269 \ 215 ! ! 133 | 137 102 125 49 I 67 97 78 228 204 82 149 +7.2 197 -13.5 • 199 -2.4 +37.0 +5.1 +35.9 : 87 ! 158 +5.4 -26.9 I +0.3 -4.5 .909-13 909-13 165 120 65 I 57 -26.9 -12.6 -12.2 -15.7 +30.0 501,571 . 240, C27 -17.7 +5.2 -34.3 +29.8 -47.8 +18.9 +8.6 +10.4 -16.3 columns show estimate as of Dec. 1. 31 TREND OF BUSINESS MOVEMENTS-€ontinued N U M E R I C A L DATA NOTE.—Data on the following items for the ! period May, 1922, to September, 1924, may i be found in the November quarterly issue of the SURVEY ( N O . 39). Detailed explanations with sources are also given in that issue. RELATIVE Per ct. i increase Per cent Increase ( + ) or decrease ( - ) NUMBERS ( } +, 1934 In many cases November figures are now available and may be found in the special table on page 23 ! Septemi ber October Corresponding month, September or October, 1923 CUMULATIVE TOTAL PROM J A N U A B Y 1 THROUGH LATEST MONTH 1923 1924 or de* crease BASE TEAR OR PERIOD, | (-) cumu* lative 1924 from 1923 October from September October, 1924, from October, 1023 117 | 128 131 | 142 86 OS 66 73 +6.5 +5.8 +9.6 +19.5 +1.2 +1.4 +0.3 -27.1 -7.2 -33.9 -9.2 -30.9 1923 1924 METALS Iron Ore a n d Fig Iron Iron ore: StocksTotal thous. of tons.. 31,593 At furnaces thous. of tons_. 7,405 On Lake Erie docks...thous. of tons.. 2,927 Consumption thous. of tons.. Shipments from m i n e s Through Sault 6,032 Ste. Marie thous. of short tons.. Through upper 6,165 lake ports thous. of long tons.. ReceiptsLake Erie ports and 4,888 furnaces thous. of long tons., 1,410 Other ports thous. of long tons.. 2,053 Pig iron production ,__thous. of long tons.. Furnaces in blast: 173 Furnaces number., 72,235 Capacity long tons per dayOhio gray-iron foundries: 14,721 Meltings long tons. 54.50 Meltings per cent of normal. 22,408 Stocks long tons. 11,085 Receipts long t o n s . . Wholesale prices: i Foundry No. 2, 21.56 Northern dolls, per long ton. 19.00 • Basic Valley furnace..dolls, per long t o n . 20.41 Composite pig iron dolls, per long t o n . . Malleable castings: I Production tons.. « 37,993 Shipments .tons.. 6 36,604 Orders booked tons., 6 44,162 «37.2 Operating activity per ct. of capacity. Crude Steel 41,536 33,417 8,119 3,498 5,595 5,597 »1919 41,042 32,945 8,097 4,801 I * 1019 , 1013 63,376 37,760 »29.3 »1919 8,461 53,825 40,462 -24.8 1913 8,099 54,039 40,403 -25.1 1013 83 ! 75 I 82 ! 75 4,461 1,241 2,477 6,121 2,209 3,149 39,69S 12, SC8 34,244 29,577 10,0S2 25,617 -25.5 -21.7 -25.2 1913 105 95 1913 132 134 1913 !; 122 123 77 ! 76 02 85 74 80 182 81,490 245 99,030 15,407 64.50 20,375 12,528 21.26 19.00 20.37 145,847 -6.6 j 1922 ' 1922 1922 -13.2 I 1922 25.37 23.50 24.37 +5.2 +12.8 -T7.7 121 120 105 124 112 101 | 91 145 ! 135 I 152 +4.7 +18.3 -9.1 +13.0 -28.2 -5.3 -16.6 -2-1.0 135 133 129 ! 129 132 ! 132 -1.4 0.0 -0.2 -16.2 -19.1 -16.4 +20.5 +12.1 +17.1 +18.8 167,947 21,458 68.14 24,426 16,488 197,484 -20.1 -43.8 -21.3 -26.5 -30.6 +6.4 -26.2 +10.5 -13.0 95 112 1913 1913 211,346 -8.7 -12.0 ! +20.7 i ! i ; j 151 138 109 156 1913 1913 1913 445,765 41,017 51,716 44.2 6 62,238 «59,129 6 48,621 «59.9 3,111 3,577 37,488 29,936 -20. C 1913 1 133 1 66,697 31,130 35,567 39,651 10,641 29,010 810,010 357,694 452,316 602,456 293,682 308,774 -25. 6 -17.9 -31.7 1913 1913 1913 3,525 4,673 j 2,815 Steel ingots, production.,-thous. of long tons.-j Steel castings: I 62,509 Total bookings short t o n s . . Railroad specialties short tons.-l 29,567 32,942 Miscellaneous bookings short tons.. Unfilled orders, U. S. Steel Corp., 3,474 end of month thous. of long tons.. Steel barrels: Production barrels- 385,212 Shipments barrels- 389,064 41,577 Stocks, end of month barrels.. Unfilled orders, end of month barrels.. 905,870 Sheets, blue, black, and galvanized: Production (actual) short tons.. 217,981 75.7 Production per ct. of capacity., Shipments short tons.. 190,210 227,520 Sales short tons.. Unfilled orders short tons.. 274,325 Stocks81,576 Total short tons.. 43,001 Unsold short t o n s Wholesale prices: 36.40 Steel billets, Bessemer.dolls. per long ton.. 39.05 Iron and steel dolls, per long t o n 2.72 Composite steel dolls, per 100 lbs. 2.49 Composite finished steel.dolls, per 100lbs.. 2.10 Structural steel beams...dolls, per 100 lbs.. 112 123 +6.7 +C8.2 r + 5 . 3 +192. .> + 8 . 0 +22.6 I 93 ! 91 « 101 M 85 1913 56 I 50 I C O 447,900 442,569 682,533 247,222 78.9 229,771 221, 773 275,953 225,714 76.6 230,820 185,110 307,540 75,862 42,685 2,331,473 2,153,301 -7.6 2,381,438 2,0-18,060 2,063,147 1,886,710 -13.4 -7.9 106,834 71,902 35.75 38.65 2.68 • 2.46 2.00 1920 1920 1920 1920 1920 108 I 98 120 159 50 127 101 110 162 40 132 105 134 131 45 +9.5 I 144 +13.4 ! 109 : +4.8 +3.8 -0.5 ! 133 1 +20.8 - 2 . 5 +19.8 ! 157 -10.3 I 40 +ae 162 170 176 167 166 155 167 176 167 166 -2.6 -4.9 -42.8 1913 1922 1913 60 54 -25.8 4-13.5 1916 1916 45 32 40 13 13 1913 1913 133 98 190 140 -29.0 -40.6 -1.8 -1.0 -l.fi -1.2 -4.8 -10.6 -11.8 -11.3 -11.5 -20.0 39 1916 -7.0 -0.7 141 148 158 150 136 95 102 536 1286 1913 1913 1913 1913 1913 i j I i i 139 147 156 14S 129 Iron and Steel Products 1,278,459 123,371 132,448 Exports (comparable) long t o n s . . 108,725 154,079 1,643,156 1,562,325 158,553 Eiports (total) long t o n s . . 135,894 332,220 668,752 28,848 37,119 36,269 Imports long t o n s . . Vessel construction: Completed during m o n t h 182,269 243,746 18,350 11,414 25,875 Total gross t o n s , . 110,508 97,322 8,778 6,665 12,346 Steel seagoing gross t o n s . . Building or under contract, end of mo.— 164 177 168 Merchant vessels-thous. of gross t o n s . . Structural steel, fabricated: 127,400 1,648,400 1,742,000 171,600 «176,800 Sales (prorated) short t o n s . 49 66 «6S Sales per ct. of c a p a c i t y 205,400 200,200 Shipments (prorated) short tons. 0192,400 79 77 «74 Shipments per ct. of capacity"l4",039"i""l4'§59 1,366 1,473 «1,292 Steel furniture, shipments thous. of dolls.. «Twelve months' average, June to May, Inclusive. 1,312,317 +5.7 "+2.T -24.6 73 j 68 7C9 ; 764 1920 1920 40.00 43.84 3.02 2.78 I . 2.50 +1.5 +16.3 +13.8 +12.8 -24.7 |j "1919 !1 140 150 |l 123 • Revised. •21.8 +7.4 16.7 j +2.9 +2.3 +28.7 81 137 -55.9 ; -37. S -40.0 +24.1 13 14 H 163 i 185 120 I 136 130 ] 142 I 162 +5.4 +7.9 -2.9 +34.7 -2.9 +34.7 +4.1 - 2 . 5 +4.1 - 2 . 5 +14.0 +7.8 TREND OF BUSINESS MOVEMENTS—Continued NUMERICAL DATA NOTK.—Data on tlio following items for the iHjriod May, 1U22, to September, 1^4, nmy bo found in the November quarterly Issue of the SURVKY (No. 3U). Detailed explanations with sources nrcubo given inthut issue. In many cases November figures are now available and may be found in the special table on page 23 HELATIVE NUMBERS Per et. increase Per cent increase ( + ) or decrease (-) (+) October Corresponding month, September or October, 1923 104 79 25 96 78 18 310 295 15 386 333 53 462 398 64 or decreaso (-) BASE YEAR Oil PERIOD -53.5 -55.8 -17.2 1913 1920 1920 109 285 25 101' 268 17! -1.3 -28.0 -69.0 -73.6 +20.0 1920 1920 1920 89 123 18 102 14 +19.7 +19.5 +20.8 -52.7 -56. o -0.2 0.0 ! i -29.4 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH +0.2 +2.6 977 915 62 1921 September 1023 cumulative 1924 from 1923 OcOctober tober, 1924, from from September October, 1923 1924 1933 METALS—Continued Railway Kqtilpment Locomotives (Bureau of the Census): ShipmentsTotal : number. Domestic number. Foreign _ number. Unfilled o r d e r s Total number. Domestic number. Foreign .number. Locomotives (Arn. Hy. Assn.): Owned (end of month) numberTractive power tuous. of lbs. 2, Installed during month number. Tractive power thous. of lbs. Retired during month number. Tractive power thous. of lbs. Unfilled orders (end of month)..number. Building in R. It. shops number. Shipments (I. C. C ) : Freight cars, total number. Domestic number. Foreign _ number. Passenger cars, total number. Domestic number, J Foreign number. " Unfilled_ orders (I. C. C ) : Freight cars, total ..number. Domestic. ..number. Foreign : ..number.. Passenger cars, total number. Domestic number. Foreign number. Domestic orders (Railway Age): Freight cars _ number. Passenger cars number. I Locomotives __ .number. Total orders (Iron Trade Review): Freight cars _ number. 2,561 2,410 151 1,190 1,065 125 64, 827 04,004 C5,071 586,084 2, 586,10G 12, 520, 201 408 113 160 21, G65 5,744 7,062 301 220 151 7,935 5,713 4,351 942 358 285 15 7G 37 I -18. V -72.3 -73. ft i +45.7 -26.9 +31.3 -28.0 +25.6 -62.0 +105.4 +406.7 -6.6 -10.5 116 197 5 568 955 38 9,467 9,440 27 88 87 1 8,839 8,449 390 9C 90 6 13,850 13,577 273 108 105 3 40,954 3STS03 2,151 544 531 13 38,391 36,560 1,831 486 479 7 37,668 36,869 799 1,337 1,300 37 22,520 250 I 11,853 18S 135 792 144 53 77,240 1,945 1,919 111,899 1,573 1,028 +44.9 -19.1 -46.4 1920 1920 1920 28 39 4,885 1,125 86,837 113,230 +30.4 1913 66 61 1920 49 53 27, 630 +3.2 121,025 119,360 1,605 1,335 1,311 24 70,162 -42.0 ! 1919 111 69,318 -41.9 189 1919 5 844 -49.3 1919 605 925 -30.7 1919 1018 882 -32.7 1919 38 53 +120.0 1919 1919 1919 1919 1919 1919 1919 +44.4 +9.1 +3.4 +500.0 -3G.2 -37.8 +42.9 -11.1 -14.3 +100.0 -6.3 +1.9 -0.8 -5.8 -129.2 -14.9 -10.7 -63.6 - 9 . 8 -63.2 - 4 6 . 2 -81.1 55 41 90 66 3 2 694 755 1,025 1,121 66 61 -47.4 -24.8 +30. 6 +33.7 +154.7 21 -82.3 +334. 2 23 Machinery Machine tools index.. Foundry equipment: Sales dollars. •219,946 Shipments.... dollars. "235,226 Unfilled orders. dollars. «327,291 Stokers: Sales _ ..number. 73 Sales horsepower.. 25,088 Steam, power, and centrifugal pumps: New orders thous. of dolls., 973 Shipments _. thous. of dolls.. 997 Unfilled orders _ thous. of dolls.. 2,264 Patents issued: Total, all classes _ number. 3,721 Agricultural implements „ .number., 63 60 Internal-combustion engines.....number. Washing-machine sales: Total number.. 67,994 Electric number. 57,883 Gas and power _ number. 1,303 "Waterpower _ number. 1,826 Hand number., 6,982 233,756 261,047 329,001 367,006 4,125,475 3,0S7,806 352, 384 3,978, 725 3,110, 736 454,974 -25.2 —21.8 1922 1922 1922 90 128 117 133 137 123 104 58,565 32, 576 1,341 681,688 931 445,380 -30.6 -34.7 1919 1919 42 115 3S 62 1,001 1,152 2,197 1,146 1,750 3,864 15,533 15,610 11,027 11,467 -29.0 -26.5 1919 1919 1919 62 123 79 136 65 3,276 56 70 3,572 48 67 32,416 498 600 34,742 507 563 +7.2 +1.8 1913 1913 1913 90 39 142 126 61 156 57,712 47,844 1,487 1,935 6,446 510,703 415,764 16,542 22,061 86,340 547,090 459,581 12,091 13,833 61,585 +1.2 +10.5 1920 1920 1920 1920 1920 102 31 34 39 132,070 75,086 .126 1,220,092 651,164 1,315,762 894,704 +7.8 +37.4 1913 1913 1913 122 98 85 4f,0,664 446,168 408,765 490,690 4,765,804 5,625,768 3,765,763 3,943,221 -21.0 -28.6 1923 1923 71 75 174,822 146,958 173,481 147,420 1,962,252 1,990,009 2,283,982 1,965,873 +16.4 1923 1923 72,139 84,976 76,904 18,796 29,904 .067 84,559 84,1^6 51,574 15,711 14,730 .067 844,313 880,874 762,076 891,004 215,506 183,302 198,978 210,924 -9.7 +1.1 -7.7 1913 1913 1913 1913 1913 1913 39 +30.0 -20. 4 +6.3 +11.0 +0.5 -36.3 -25. 9 -27.7 +42.5 +18.2 +125.4 +79. S 83 108 26 43 43 138,862 91,056 .130 32 -6.2 -26.9 -37.3 -28.7 +2.9 +15.5 -3.0 -12.7 -34. -43.1 -12.0 -11.1 -8.3 +16.7 129 107 SO +8.8 -6.4 0.0 +5.1 +21.3 +3.2 85 94 63 66 +2.9 +12.4 +4.4 +2.6 +12.7 -9.1 +0.8 -0.3 77 135 56 46 38 117 -15.9 -4.3 +30.8 +1.5 +16.7 NONFERROUS MKTALS Copper and Brass Copper: Production.. „ tbous. of lbs., -127,600 97,249 Exports thous. of lbs. .130 Wholesale price, electrolytic-dolls, per l b . Brass faucets: 447,604 Orders received number of pieces.. 396,795 Orders shipped number of pieces.. Tubular plumbing sales: 167,497 Quantity number of pieces. 143,2G7 Value dollars.. Zinc Retorts in operation, end of month..number.. Production thous. of lbs Stocks end of month .thous. of lbs.. Receipts, St. Louis thous. of lbs.. Shipments, St. Louis thous. of lbs.. Price, slab, prime western dolls, per l b . . • Revised. 70,875 81,704 91,440 19,634 22,871 .066 -1.2 +15.1 +1.8 +4.0 -14.7 +0.9 +49.1 +19.6 +3.0 0.0 33 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Data on the following Items for the period May, 1922, to September, 1924, may be found in the Novomber quarterly issue of the SURVEY (NO. 39). Detailed explanations with sources are also given in that issue. In many cases November figures are now available and may be found in the special table on page 23 N U M E R I C A L DATA Per cent Increase (+) or decrenso (—> Per ct. increase {+ ? Corre1924 |sponding month, September or October, SeptemOctober 1923 ber CUMULATIVE TOTAL PROM JANUARY 1 THROUGH LATEST MONTH 1933 1921 or decrease (-) Oc- 1923 cumulative 1924 from 1923 i from September C O o < 1U1M, from October, 1923 NONFERROUS METALS—Continued Tin Stocks, end of month: United States World visible supply Deliveries (consumption) Imports Wholesale price, pig tin long tons. long tons. long tons, thous. of lbs. dolls, per 1b. 3,974 20,233 4,985 11,699 .492 2,419 18,971 5,090 10,070 .507 3,677 20,567 5,540 13,053 .417 13,930 11,421 .081 14,432 11,783 .083 41,023 1,603 58,559 130,785 54,250 124,784 -7.4 -4.6 1913 1913 1913 1913 1913 122 ICO 124 O S 93 191 166 151 137 93 262 103 107 113 103 179 172 131 79 115 -39.1 -6.2 +2.1 -13.9 +3.0 -34.2 -7.S -8.1 -22.9+21. 6. 5,926 8,815 103,634 67,542 126,188 92,891 +21.8 +37.5 1921 1913 1913 1913 133 121 87 161 128 108 101 156 169 169 157 239 67 125 1G2 182 +1.1 +3.6 +3.2 +2.5 +40.6. +143.5 +33. T +20.3 46,837 1,534 49,177 1,489 462,653 16,824 382,546 13,171 -17.3 -21.7 1913 116 1909-13II 161 123 13G 81 149 87 127 +14.2 +2.1 +3.0; 2.03 2.10 2.25 1913 195 183 161 162 +3.4 -C.7 3.39 7.83 3.39 8.21 3.89 8.77 1913 1913 177 181 177 182 154 .154 163 163 7,601 4,146 327 7,674 4,167 302 8,724 79,998 76,062 -4.9 1,065 401 3,847 2,998 -22.1 38 1913 1921 28 1909-13 I1 Gl 114 40 139 102 120 101 93 141 S O 11.47 11.48 11.47 1913 210 216 212 214 14-13 14.21 14.58 1913 208 209 197 198 Lead Production __„ index number. Receipts, St. Louis thous. of lbs Shipments, St. Louis thous. of lbs Wholesale price, pig, desilverized..dolls, per lb FUELS Coal a n d Coke Bituminous: Production thous. of short tons. Exports thous. of long tons. PricesMine average, spot dolls, per short ton.. T holesale, Kanawha, f. o. b. V Cincinnati--.dolls, per short t o n . . . Retail, Chicago, .dolls, per short t o n Anthracite: Production thous. of short tons.. Stocks, distrib. points.thous. of long tons. Exports thous. of long tons.. Wholesale, chestnut, New York dolls, per long ton., Retail, chestnut, N e W Y rk dolls p e r short ton Coke* ° ' " Production, beehive.thous. of short tonsProduction, by product thous. of short tons.. £ x P° r t s thous. of long tons.. Price, furnace, Connellsville dolls, per short ton.. Petroleum ( 0.0 -12.9 +4.9 -C.4 +1.0 -12.0 +0.5 +291.3 +10.7 -9.7 +0.1 +0.6 +0.L —2.5 +20.7 -51.0 523 631 1,289 15,795 8,157 -48.4 1913 49 46 17 16 2,643 42 3.13 2,899 56 3,101 78 31,586 1,008 27,773 543 -12.1 -46.1 1913 1909-13 294 130 293 107 224 67 231 68 274 3.13 3.85 1913 197 158 121 123 128 0.0 -18.7' +0.4 -0.7 +0.6 -0.4 -3.0 -9.0 -1L4. Crude petroleumPetroleum .thous. of bbls_| « 59,611 Stocks, end of m o n t h — ' " Total (comparable)... .thous. of bbls.. •367,457 Days'supply • 169 number-. Tank farms and pipe -thous. of bbls.. 363,700 _ Refineries 41,549 .thous. of bbls.. 5,354 .thous. of bbls.; Imports..^ Consumption— .thous. of bbls.. • 62,473 Total.... 53,617 .thous. of bbls.. 9.374 fi_. Run to stills .thous. of bbls.. 1.313 Shipments from Mexico"." -dolls, per bbl.. number.. 1,126 nti lce ' fa^as-Oklahoma.. GasSine1 -4.S 59,826 67,506 1913 315 326 295 298 288 I 239 365,059 170 327,463 155 1913 1919 304 128 312 134 343 153 349 155 350 348 146 147 362,374 40,319 323,789 33,669 6,825 1919 1913 219 406 225 460 268 272 438 395 278 270 361 1913 1913 1913 1913 1913 285 162 523 144 80 292 169 534 133 72 280 230 176 181 504 4S8 166 147 100 87 286 178 434 141 71 296 185 463 134 67 1919 1919 1919 1919 1913 189 200 236 269 229 217 206 200 114 no 225 229 281 354 276 286 311 278 116 112 227 371 251 260 104 231. 296 263, 244 83 4,873 64,602 55,779 1.25Q 1,060 eliSCOmlpeted 63,600 50,904 11,529 1.238 1,140 607,473 594,240 -2.2 67,513 65,346 -3.2 589,602 479,625 120,228 618,033 533,191 113,057 +4.8 +11.2 -6.0 14,388 12,541 -12.8 +17.8 +38.1 +13.9 +14.0 -6.5. +33.3 -2S.2 +11.5 +9.7 +11.9 +19. S, -28.6. +3.4 +1.6 +4.0 -b9.6 +3.6 -13.4 - 1 8 +1.0' -5.9 - 7 . 0 +L4 +15.4 760,647 .thous. of gals., 750,264 Production 90,907 .thous. of gals.. 113,901 Exports^..S"ll"l"l""\ .thous. of gals., 718,069 751,499 "' t; consumption.il'.-thous. of gals., i,229t6t)6 1,152,374 .140 i of month , .-dolls, per gal., .175 659,061 82,504 621,173 746,873 .185 6,279,219 7,396,025 985,354 713,392 5,628,422 6,408,937 191,346 124,568 224,954 .210 1,893,202'2,043,756 1,239,584 ; 1,259,552 +8.0 +1.6 1919 1919 1919 1919 99 101 79 103 98 107 75 105 100 91 100 108 105 115 101 108 109 118 99 108 119 116 103 10S +9.8 +21.6 +S.3 -1.2 +3.5 +37.0 0.0 +2.4 9,942,924 11,126,736 9,107,312 10,150,967 +11.9 +11.5 1919 1919 1919 1919 162 161 190 93 168 177 185 113 174 177 206 96 184 176 213 100 175 183 176 191 211 207: 98 106 955,589 +5.8 +0.1 1919 1919 1919 124 131 133 125 124 135 124 137 152 131 139 150 128 13S 137 12S 151 154; +4.2 +S.5 +8.4 +7.9 -1.8 +12.2 +7.8 -6.8 +7.8 +10.5 -6.0 +3.6 +Z0 +13.5 54 ! 55 82 78 Domes*!~ Stocks Production , - t h o u s . of gals., --thous. of gals., -.thous. of gals., —dolls, per gal.. Production.'. _ thous. of gals., ,113,911 1,160,683 1,069,800 thous. of gals., ,010,700 1,095,854 1,015,315 . t h o u s . of g a b . , 1,640,603 ,611,586 1,436,591 .059 .055 .051 .dolls, per gal.. Production* .thous. of gals., -thous. of gals., . t h o u s . of gals.. Price, P"a"r60bvfii:,"ri>'v* at refineries.. " . I . . . . . . . . .-dolls, per gal..i •Revised. 211,830 136,544 297,749 .215 232,666 134,909 308,125 .215 90,228 64,977 243,149 97,223 61,068 247,998 88,003 58,943 218,455 .288 .288 .200 903,501 625,849 1919 79 7ft, -20.2 +10.2 -6.3 -20.0 +21.7 -24.3 +4.7 +21.0t Q.Q +44,0 TREND OF BUSINESS MOVEMENTS—Continued NUMKIUCAL DATA NOT»:. <-|)uta on tho following ltem.1 for the period May, 10-"-'. to September. lO-'l. m i y F>o found In ttm November quarterly taue of the Ht'nvKV (No. 30>. P u t i l l t d explanations with sources ore also irlvca In that Issue. . (+) \ or de- in many ea»e* Nuwntbcr fl0ttrem are note available and may JW found in the table on paffe 23 j Octobcr CUMULATIVE TOTAL crease J'ft O i l J A N U A R Y 1 <-) THUOUOII LATE.MT ! CUIIUIHO NTH liltiVC Corresponding ! ninnth, ; Hcptcm! her or 1 October, ! 1023 RUBBER TEAR ! OK I! PEUIOD t 1131 from I 1924 from 1023 iro October, 1WI, from Ortnbor, 102:1 ! $ AUTOMOBILES o*hi(-tlr)n: Tol.il num***r. * 290,070 | 2S9.333 j,*3H:>, 104 3,397,392 3.120. .129 • - S . 1 -8.5 ;U.r>,Oll Pivwiitfrrrars n u m b e r . - *2*iO, 171 ! 257,000 !" -30,153 3,070,805 2.813.MW 320,587 30«, 721 -4.3 - •30,805 ! 31,433 'Truck* number. lpmunt.i: 387,497 +7.8 carloads. «32,754- 11,597 Iiy railroads •42,309 359,520 333,02S i - 3 3 . 0 number of m a c h i n e . • 2S. 121 Driveway.* 29,07! • 37, U70 408,2,10 number of ni'ichlnivi. 50,008 - 2 9 . 7 • 7,160 I • 7,073 Ily boat 6,258 71,107 KiporLt: Aiwmbled— 125,900 17,097 13,001 12.77.-. 151, M l •f-20. 3 Total nurubor of cars.. 14.373 ll,fK*,i 12M.4S3 +21. 1 10,45(1 ; 100,01)1 ; I'iWionncr cars.-. tuimlxT of cars.. 10,875 23,001 + 16. 0 2.721 2,30rt 2.31U Trucks number of curs.. 1)3, 177 ! 103,420 + 11.0 I I , 112 ; , 11.700 8,890 ! Foreign assembly number of cnr*.. 4l>. 2-I.1 4,917 4.S2U Actvsyories and p:irt.i thous. of doIU._ 03,1*'' +2S. 2 Ratio of total exports to 3..1 4.S 5.0 production ivrcent.. Krotn (.'utiada •1,511 f,,2:»7 ' 57,311 i 10,078 - 1 9 . 0 2,030 Total nutntvrof machine*.. 2,170 , 5.02S ; 47,071 i 35,0*1 —2,*). 0 3,481 I\w;oti;;er cars..number of m:ichlm\*.. 751 : 1,033 1.220 0,310 10,3'JI + 11.3 Trucks number of machines.. 401.S.15 227,397 2,SSI,062 | 4,202,025 + 15.7 AccrssorlM and parts dollars.. ISO, .'107 Ititoni.il revenue taxes collected on: Piuwnfter automobiles and 0, 27S 7, 400 S7, 102 ] SS, 057 + 1.0 motorcycle* thous. of dolls.. Automobile trucks and j 54 A 9,451 1.301 1.003 wagons thous. of dolls.. + 1. I 0.3IS ' Crudo: Imports thottf. of I b i . . r o m u m n t i o n by tiremfr3...tbous. of l b s . . Wholesale price. Para. X . Y.dolls, per I b . . Pocum.itlc iln\s: Privlurtlnn thoa<.in«ls.. StrK-lt1*. end of month thous.inds.. ^hlp.-nonts domestic thousands.. Intuv turny; Production thousands.. Stivk^. ond of month thousands.. Shipments, domestic thousands.. Solid tlrns: Production thousands.. Stocks. cn<l of month thousands.. Shipments, domestic thousands.. '•• Percent ij incre:ise (+> !; or dtcrtMse (—j HKLATIVE XUMHKHS : Per tt. hicrca.se 1010 1010 1010 1920 1020 1020 j! . 100 222 t 160 -20.8 l J 210 243 ! 172 170 177 ! 170 ! -0.0 -23.0 i 1S2 188 " 1S7 \- -0.0 +4.2 , 108 114 ;| 00 101 • 117 i 119 j + 2 . 0 , \l 172 202 ' 130 144 157 , 10.1 , + 5 . 6 - 1 8 L 2 : : 101 72 70 i + G . G -21.1 07 j 07 i 72 i; ISO 103 ! 155 1G0 152 ; 133 ! - 1 2 5 j -18.4 ; | 185 1M7 170 100 130 1919 1019 1019 102:) . 170 I 202 203 24 S +22. 5 i 178 : 218 20S ! 257 +23.3 I 135 130 178 ; 210 + 18.1 00 110 120 : 133 +5. S +146 : 157 ! 130 ; 156 + 1 4 . 6 +33.8 +37.5 +17.5 +32.3 +12.5 1010 8G 114 ! 140' + 2 2 . 8 83 ; 107 | +0S.7 230 +M.1 213 +.10.8 370 '+37.5 138 + 115.6 +70.7 1019 1019 19IW 1010 1010 M 332 327 ' 220 ! 312 m s ; 215 ' j. 151 441 I 2S7 I . 82 : 78 ! 203 1020 132 ! 120 1920 07 j 70 : 153 133 200 01 • i ! j -30.8 -15.0 100 I SS 133 I 107 ! - 1 9 . 5 -10.6 71 | 50 43 i 103 '+13S.7 j +29.7 i 60.0.11 : 43,021 227 S7.352 46.015 I " .262 590,919 319,371 «n,22.*» ' + 2 . 1 375.077 :; +17.4 1913 1921 1913 110 30 20,107 39,473 i 21,114 ] .215 32.007 ;: +10.3 1921 1021 1921 112 i 130 12S i 110 138 ; 143 1921 1921 1921 144 I 171 111 I 151 171 I 145 1 0 1 •• 1 5 7 232 1921 1921 1921 105 j 105 10S I 102 105 i 109 m 505 225 20 DOS 2;>7 33 +4.1.5 +121.3 *r4.S +01.0 +1.1.4 +21.9 +1 200 127 150 022 215 23 140 17S 122 I 100 183 | 194 4.12 182 21 20S ! 400 +0.8 +18.0 27 3, Ml ; 4.521 3,310 3. S77 5,33S 5. .'00 0,030 5,119 5, $90 7,352 4.177 42 142 40; 11 S70 * 2. S20; "27,"622*| 3.8.V ! 0.S9S ' 38,316 ; "30^287" "+KS 43.723 ' + U . 0 "io.Yiif: i 409 i -2.1.0 025 I 145 4S i 222 244 ' 2,*0 126 t 132 163 2(2 223 j 176 -S.2 +01.2 +0.5 +S.0 +7.1 +21.7 -18.4 +52.9 +6.6 +10.2 80 106 US i 14S j +14.3 +29.7 +2.1 - 3 8 . 3 72 , 03 01 ', 74 90 j 103 105 ; 109 '! + 2 . 2 - 0 . 2 HIDHS A N D LKATIIKR Hides • Imports: Totat hided and skins thow. of l b s . . 27,301 4,19S CalNklns thous. of lbs. J Cattle hides thous. of l b s . . 13.586 2,072 Goatskins thous. or l b s . . 5,016 Pheopskins thous. of lba.. Stocks, cod of month: Total hldos and skins thous. oflbs.. 247.093 Cattle hides thous. of l b s . . 196,965 31.922 Calf and kip skins thous. of l b s . . 18,206 Sheep and lamb skins thous. oflbs.. Pricrs: Green salted, packers' heavy native j .161 stocre dolls, per lb*. .198 Calfskins, country No. 1 dolls, por Ib._ at*. 719 3,409 13,897 ; 3,879 ' 4,556 2S,596 4,202 13.5S2 4,092 4,391 2S4.300 34,097 140,574 43,724 50,552 477,2S5 42,747 265,459 75,790 68,430 ji - 4 0 . 4 I! - 1 8 . 8 i. - 4 7 . 0 li - 4 2 . 3 ':. - 2 6 . 1 256.232 ' 325,402 212,223 : 262,915 2S, 112 40,241 15,S97 22,247 .163 .194 1,341 39.502 100,713 23.3S9 68,377 1,611 40,601 147,130 26.401 77,910 13S.417 334,819 134,272 321,922 &S.S01 127,332 99,573 155,972 1.817 6,679 1,923 7,50* 1,085 5,657 .445 .460 .445 .400 84 ! -t - 6.6 -17.4 + -22.3 71 36 95 S O 71 i 76 i 57 77 | 68 69 ! 66 68 f 47 Leather Protluction: Solo leathcr...thous. of bk3., bends, sides.. Skivers dot.. Oak nod union harness stuffed sides.. 1 Finished sole and belting....thous. oflbs.. Finbhedupper thous.of sq. ft..: Stocks, end of month: Solo and belting thous. of l b s . . tipper thoos. of s q . f t . . Stocks in process of tanning: tfolo and belting thous. oflbs.. Upper thous. of s q . f t . . Exports: Sole thous. oflbs.. Upper thous. of s q . f t . . Prices: Sole, oak, scoured backs, heavy lloston dolls, per l b . . Chrome calf, i l B"grftde3.dolb. per s q . f t . . •Revised. -2.1 62 • 51 !| -17.4 67 64 82 45 61 S3 ! 64 67; 62 i 44 63 5S 87 1913 1913 ISO, 176 378,948 88,130 129,975 100iM3!i 1909-13 ji 1009-13;; 1909-13 j | 1921 , 1921 1021 > 1921 I ! 150 1,225 •33,377 •95,348 21,001 60,381 1900-13 j1 61 57 I 59 58 I 63 55 4S .440! i 1919 1919 1919 1921 1921 -9.7 +2-1 +7.7 55 ! 43 • - 1 1 . 9 -12.7 So 83 i 95 103 s S7 j S3 105 103 I 10,069 12,075 ii - 2 4 . 9 381,912 324,402 |; - 1 5 . 1 1,373,513 1,054,579 I! - 2 3 . 2 215.715 •» - 2 3 . S 282,956 792,869 I 6-13,882 •< - 1 8 . 8 +2.3 +2.3 +3.8 -21.3 -19.3 -30.1 -28.5 +1.2 j +5.8 -ZOf +24.4 I 65 144 111 82 104 j 71 ! ! 170 I U S |i 91 J I 118 I 1921 j 1021 +9.5 +18,4 +5.6 + 10.9 +13.2 -11.3 -2.7 -31.5 -11.4 -12.2 -3.0 -3.0 81 j, 61 175 ! 121 i 123 62 103 134 -25.5 -14.3 1921 j 1921 I 14,070 62,594 1MS1 I +31.4 70,293 , +12.3 I:::::::::!:::::::: 79 j 79 76 ! 76 SO 1 +0.4 - 1 1 . 1 7S jj - 2 . 0 - I S . 4 1913 i 86 i SO 70 ' 71 74 |j +5.S +77.2 85 j | +114 +32.6 1913 j 1913 1913 95 93 163: 160 ' 171 99l! 171 ii 0.0 0.0 -4.3 +4.5 35 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (NO. 39). Detailed explanations with sources aro also given in that issue. j Pcrct. : IVr rent , Inorv* H j ItKLATJVJ" M-.MIIKKS ui ili'ia«!.iA« ( —) il . Corresponding month. Septera. bcr or j October, October 1923 1924 In many cases November figures are now available and may be found in the special table on page 23 Septem* ber or decrease CUMULATIVE TOTAL KROM JAKUAUY 1 (-) TUllOUGIi LATEST , ctimuMONTH ;' latlve 1 1 lU2i from l'JZ\ im V£A)t i OK ; Ittl I ,, fiotn i H HIDES AND LEATHKR-Continued I ! ' ! ! Leather Products Belting sales: . quantity thous. of lbs. J 313 1 Value thous. of dolls.. 581 Boots and shoes: I Production thous. of pairs.J 27,716 Exports thous. of pairs--| 480 Wholesale pricesMen's black calf, bluchcr dolls, per pair.. 6.25 Men's dress welt, tan calf, St. Louis dolls, per pair,. 4.85 Women's black kid, Goodyear , welt, St. Louis. dolls, per pair..] 3.85 Leather gloves and mittens cut: Total dozen pairs.. 183,805 Cut from imported leather...dozen pairs,. 32,227 Cut from domestic leather...dozen pairs.. 27,431 Work gloves, mittens, etc dozen pairs.. 121,207 338 570 447 827 4,722 8,795 -2.14 4K (1,107 40 40 30,705 573 301,492 j 6,181 ! 263,013 -12.8 A. 219 i -15.1 1010 in 100 in ! Jm oi i I: w 0.25 1013 ; 202 | ! 4.85 1WI3 i 1.71 I I M IM . 3.85 4.25 1913 201,338 37,318 29,780 214,053 42,318 32.0S4 140,251 4.88 : i 134,240 : 142 I 142 •• -2.» -O-tt I -Ml 0 j 30,534 i 552 ! Or(ulirr. VJZ\ 1014 201 -IO 2 \ 201 201 -O.ft 0.0 i I M I -iO.0 | 142 142 ! \\2 U2 i 00 i ! . . . . ; -\ y A ! • ! - -Ml* 7.2 I • * :\ • i M ! I PAPER AND PRINTING Wood-pulp Imports Mechanical Chemical short tons. short tons. 24,527 132,350 30,56o 135,238 short short short short short 116,206 116,593 131,588 107,990 90S 129,429 129,536 147,467 114,121 1,677 122,073 124, 894 139,696 114,424 1,124 28,463 ! 196,725 i 28,194 187,169 21,934 193,791 26,285 233,390 : 91,302 i 000,353 ! -1.1.0 no nm-n\ ,22 I Newsprint Paper Production Shipments Consumption * Imports Exports Stocks, end of month: At mills At publishers « tons. tons. tons. tons. tons. short tons. short tons. 1,251,290 I 1,220,402 1,240,305 i 1,220,441 1,600,180! 1,350,530 1,035,075 j 1,119,100 13,167 I 14 -2.0 -2.1 -13.1 +3.1 +8.9 ! 107 ; 99 • 102 : 101 i n J0.'I 101 ] J01 M i M M 104 CI2 ' 002 .ViU C2.-J 2H • 41 | 2 > 47 - 1919 1019 1D1D iyi3 1913 191P 1U19 4 11.4 •- J I . J + 12.1 -4 A. 7 •1 M . 7 " fi. 0 1 :i. 7 ;m •i *y. 2 92 1 119 : IIS i -0.9 125 \Tl \ 117 I 121 -H.9 j - 3 4 Printing Book publication: 799 641 American manufacture no. of titles. 149 : 93 Imported no. of titles. ; 12,584 11,751 Sales books, shipments thous. of books. Printing activity weight indexed number. Boxboard Operation inch hours. 7,715,528 8,039,913 Production tons. 179,982 ! 186,053 Orders received ..tons. 15St671 f 169,631 Unfilled orders (end of month) tons. 99,101 ! 83,390 Consumption of waste paper tons. 174,941 ! 179,193 Stocks of wasto paper (end of month): On hand tons.. 157,915 j 163,594 15,319 14,021 In transit tons.. 40,382 ! 20,253 Unshipped purchases tons., 775 139 12,634 6,217 1,015 114,445 : 5,803 1,381 112.287 -5.2 -32.2 -1.9 1913 1013 1919 1920 I I; i !; fi DO hi m SI i »5 i 67 12s 1 07 75 ! 73 j 9s + 2 * 0 .' •*:{. j S O i 7 2 I AU - 3 7 . 6 | -3.1.1 112 i 119 •i 7. 1 j - 0. 4 80 ! •44.2 4-2-4 .9 ' . , -4 3.0 ' .! - 2 . o .} - 3 5 . 0 Paperboard Shipping Boxes i Production: Jotal .thous. ofsq. ft.. -thous. of sq. f Corrugated f . -—<,-.«„ Solid fiber per cent of normal.. per cent of normalspercent of normal.. 302,181 i 331,390 231,066 ! 256,410 71,115 j 74,9S0 I 3,020,479 2,265,939 700,540 +2.6 +6.5 -7.6 1922 1922 1922 113 142 80 + 0.6 + 12.4 +6.9 + 11.6 2,950,203 2,127,491 822,717 -4.W -2.5 -11.4 81 79 72 ! 69 ! -1,3 79 i i Other Paper Products Kope paper sacks, shipments.Jndex number Abrasive paper and cloth: Domestic sales reams.. Foreign sales reams.. 310,795 223,085 82,710 I • I 138 i: 119 I 127 ! 133 ! 140 +9.7 153 i 138 I 147 1 W ! 172 : 11.0 + 107 ! b2 | 69 | »2 I 97 +5.4 1922 79,828 8,223 86,587 8,591 81,048 11,371 28.4 1 13,784 ! 32.1 13,607 905,001 111,553 797,0 797,019 J - 1 1 . 9 ! 93,431 93431 | - 11 18 1. 8 45.8 14,207 |, 123 129 ; 145 ; 165 j 150 153 |: - 1 . 9 S. 6 no ;i 93 ! 101 I 117 127 I1 +8.5? +0.8 94 I + 4 . 4 —24.4 ; 134 124; &5 j 119 I 90 1919 i; n o 1019 BUTTONS Fresh-water pearl buttons: Production per cent of capacity.. Stocks, end of month thous. of gross.. 1922 .j S7 1&22 '. I l l 99 113 36 j 45 C2 I 70 ! + 1 3 . 0 -29.9 112 ] 111 j 110 10S I - 1 . 3 -4.2 GLASS A N D O P T I C A L GOODS i Illuminating glassware: 51.3 45.8! 40.4 Net orders per ct. of capacity.. 56.7 45.7 j 34.3 c £ t U a l Production per ct. of capacity.. ments bUled er 52.1 48.3: 41.3 P P ct. of capacity.. c a c l e frames and mountings: Sales (shipments) index number. unfilled orders (value) index number. 1 \ 12 months1 average, July to June, inclusive, ending the year indicated. 12 1 Data prior to June, 1923, include reports of 600 publishers, while current months include about 450. 1 Twelve months' average, May to April, inclusive. •1922 • 1922 • 1922 1919 1919 ! 112 140 ;i 127 157 il ;| 125 146 ', 103 152! 92 ! 109 110 69 I 75 95 81 ! 103 116 125 120 135 +13.4 +3.12 + 16.9 -10.7 -19.4 -7.3 85 110 +29.4 -27.0 -55.2 70 25 1 30 ! 43 43 0.0 36 TREND OF BUSINESS MOVEMENTS—Continued NUMERICAL DATA NOTE.—Data on tho following items for th period May, 1W2, to September, 1024, may bo found In the November quarterly issue ol tho SURVEY ( N O . 39). Detailed explanations with sources are also given in that issue, 1931 In many cases Kovembcr figures are now available and may be found in the special table on page 23 September October Corresponding month, September or October, 1923 RELATIVE NUMBERS Per ct, increasi CUMULATIVE TOTAL FROM JANUARY THROUGn LATEST MONTH 1933 or decrease cumulative 1924 from 1923 DASE YEAR OR FERIOD ! OcOctober. ^ f ' from Septomber October,. 1923 1924 1923 Per cent increase (+) or decrease (—)• BUILDING CONSTRUCTION Building Costs (Index Numbers) Building materials: Frame house, 6-room, 1st of fol'g m o . . . Brick house, 6-room, 1st of folsg m o . . . _ Building costs (Engineering News Record), 1st of following month Concrete factory costs (Aberthaw), 1st of following month Plumbing fixtures, 6 articles dollars. 1913 1913 195 199 -1.0 -3.0 1913 213 - 1 . 0 ! -6.8- 1914 1913 196 175 -1.4 ! -8.3. -4.4- 0.0 I - 3 . 5 . 117.84 116.15 126.61 7,226 3,199 24,272 3,827 8,546 3,332 28,395 3,201 7,532 3,877 35,008 3,907 78,394 51,980 290,642 37,439 79,699 33,825 310,003 41,753 -34.9 +6.7 +11.5 +1.7 1919 1019 1919 1919 +18.3 +4.2 +17.0 -16.4 +12.7 -111 -18.9' -18.1 4,655 43,453 3,566 47,390 3,791 54,253 33,003 491,812 39,761 509,323 +20.5 +3.6 1919 1919 -23.4 +9.1 -12.7 37.077 39,025 123,056 26,564 51,026 14,395 148.982 23,611 30,685 30.692 156,984 21,923 377,410 312,997 1,298,473 225,340 437,530 232,397 1,511,813 278,971 +15.9 -25.8 +16.4 +23.8 1919 1919 1919 1919 -37. C +66.3. -52.1 -53.1 +16.3 -5.1 -11.1 +7.7 34,726 297,950 26,373 344,941 24,956 221,618 319,860 2,936,939 2S6,896 3,255,103 +29.5 +10.3 1919 1919 -24.1 +15.8 +5.7 +7.8 29,612 398 27,944 510 31,398 715 334,154 9,357 293,970 6,619 -12.0 -29.3 1919 1920 -5.6 +28.1 —11.0> -23.7 8,751 4,216 28,236 4,857 0,664 4,478 32,143 4,127 8,786 4,205 37,311 5,033 +10.4 +6.2 +13.8 -15.0 +10.0' +6.5< -13.9 -13.0 5,234 51,631 4,195 55,087 4,857 CO, 192 -19.9 +6.7 -13.6. -8.5 43,316 35,222 143,706 31,723 55,969 29.033 160,199 27,675 35,133 32,721 173,042 26,085 +29.2 +59.3 -17.0 -11.3 -4.0' +15.7 +6.1 -12.8 38,310 344,316 29,991 410,091 30, 207 300,687 -21.7 +19.1 -0.7 +13.7 m. m_, m. m.. m.. 466,639 457, 732 444,856 115,375 64,893 463.009 493,650 506.478 ,050,026 73,121 -0.8 +7.8 +13.9 -3.2 +12.3 -4.8+0.8+8.0' -0.9 +41.1 ft. b . m . . 39.92 40.31 +1.0 -8.7 m.. m.. m.. m.. ra.. m.. 480,333 488.391 516,974 64,777 32,766 16.00 543,005 503,164 637.908 45,489 39,092 16.50 ft. b . m . . ft. b . m . . ft. b . m . . 32,907 36,610 33,631 44,532 32,755 35,099 54,774 37,599 38,921 529,855 507,640 491,393 ft. b . m . . 142,294 104,829 659,335 126,115 102,239 673,923 144,424 71,821 654,668 1,072,344 826,514 145,737 141,636 081,443 146,110 143,931 126,052 165,285 141,918 058,585 1,512,349 1,317,552 49,518 44,191 51,849 56,012 50,869 50,295 484,274 484,861 56,369 51,466 41,333 52,935 48,037 52,326 13,290 12,567 12,381 10,103 12,131 15,257 Construction and Losses 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 » thous. of sq. ft. 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. Grind total thous. of dolls. Fire losses: United States and Cauada.thous. of dolls. Great Britain thous. of £ sterling. Contracts awarded (36 States): Business buildings thous. of sq. ft. Industrial buildings thous. of sq. ft. Residential buildings thous. of sq. ft. Educational buildings thous. of sql ft. Other public and semipublic buildings » thous. of sq. ft. Grand total thous. of sq. ft.. Contracts awarded, value (36 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 1 ' thous. of dolls.. Grand total thous. of dolls.. Lumber Southern pine: Production (computed) M Shipments (computed) M Orders (computed) M Stocks, end of mo.(computed).M Exports (incl. timber) M Price, " B " a n d ^ better dolls, per M Douglas fir: Production... M Shipments (computed) M New orders M Exports, lumber M Exports, timber M Price, No.l common-dolls. p e r M California redwood: Production (computed) M Shipments (computed) M Orders received (computed) __M California white pine: Production M ft. ft. ft. ft. ft. ft. ft. ft. ft. ft. ft. b. b. b. b. b. b. b. b. b. b. b. Shipments M ft.b. m.. Stocks, end of month M ft. b. m. Western pine: Production (computed) M ft. b. m.. Shipments (computed) M ft. b. in.. Stocks, end of mo. (computed) .M ft. b. m_. North Carolina pine: Production (computed) M ft. b. m.. Shipments (computed) M ft. b. m.. Northern pine: LumberProduction M ft. b. m . Shipments M ft. b. m.. LathProduction M ft. b. m Shipments Mft.b.m.. Northern hemlock: Production M ft. b. m Shipments M ft. b. m 22,155 18,368 486,292 4,564,689 4,593,974 4S9.729 4,696,837 4,607,044 468,769 4,505,244 4,612,272 ,089,368 51,814 688,701 716,123 +0.6 -1.9 +2.4 +4.0 44.17 1917 1917 1917 1917 1919 106 98 107 79 84 115 111 105 79 102 111 112 103 80 140 109 112 113 79 144 175 1913 190 192 172 -3.3 -11 -1.9 +29.9 +81.8 1917 1917 1922 1919 1922 1913 155 165 139 157 308 190 160 161 124 175 214 201 141 153 133 169 252 174 156 156 153 181 272 179 -2.6 +13.0 -3.5 +3.0 +23.4 +24.0' +3.5 -17.0 +19.3 +27.0* +3.1 -10.8 473,624 372,700 369,163 -10.6 -26.6 -24.9 1918 1913 1918 133 175 147 146 132 135 150151 162 119 115 122 +35.3 -18.7 -10.5 - 1 2 . 9 ' +4.4 - 9 . 8 1,034,171 746,117 -3.6 =1-19.1 1918 1918 1913 195 195 223 275 225 247 280 280 243 240 320 254 -11.4 -2.5 +7.4 1917 1917 1920 145 105 151 127 120 146 134 122 134 130 123 487,069 493,276 +0.6 +1.7 1919 1919 149 136 149 156 151 174 566.961 473,630 485,314 457,940 -14.4 -4.3 1920 1920 134 93 140 103 -26.7 +3.0 -14.0* +1.3 147,391 134,608 121,752 130,860 -17.4 -2.8 1920 1920 153 260 139 198 -6.8 -19.6 +2.1 -33. T 557,330 5,071,921 4,903,608 521, 518 5,267.103 5.052.676 514,355 5,119,377 5,024,408 43,971 413,599 537,258 30,783 263,999 488,951 18.50 1,435,464 1,415,487 -5.1 U7 88 169- 251,998 103,580 -23.2 1913 59 61 235,087 173,681 -28.2 1913 5049 W Includes hospitals, public buildings, social, religious, and memorial buildings, formerly shown separately in the Survey of Current Bi i us mess.. 29,293 24,743 +2.2 -12.7+42.4- +2.9' —11.6- +0.3 +1.6 +1.4 +4.1 +6.4 + +4-7 +26.8 +11.4 37 TREND OF BUSINESS MOVEMENTS N U M E R I C A L DATA NOTE.—Data on the following items for the period May, 1922, to September, 1924, maybe found in the November quarteriyis sue of the SURVEY (No. 39). Detailed explanations with sources are also given in t h a t Issue. .In many cases November figures are now available and may be found in the special table on page 23 Correiponding month, September or October, 1923 1921 September October JUMULATIVE TOTAL FROM JANUARY * THROUGH LATEST MONTH t> or do- | crease <-> cumulative 1924 from 1923 Per cent increase ( + ) ;>r tlecreiiso (—) RELATIVE N U M B E R S 'erct.: .crease ! ( DA3E YEAR OR 'ERIOD 1933 October from Sen* icmbcr 1934 October, 1924, from October, 1923 1933 1934 27,060 37,822 364,017 332,935 343,160 255,884 -5.7 -23.1 1913 1913 3,990 3,889 14,556 2,578 2,378 8,121 24,717 24,012 34,101 30,557 +38.0 +27.3 1922 1922 1922 207 203 202 125 143 1G9 126 135 133 +B.4 +19.5 +7.0 +54.8 +03.6 +70.2 3,345 2,298 23,722 25,542 +7.7 1922 155 141 174 +31.5 +45.6 +34.5 -21.7 BUILDING C O N S T t t U C T I O N - C o n . Lumber—Continued Northern hardwood: Production M ft. b. m_. 19,732 Shipments M ft. b. n u . 30,286 Walnut lumber: 3,648 Production M ft. b. m_. 3,255 Shipments M ft. b. m_. Stocks, end of month M ft. b. m_. 13,605 "Walnut logs: 2,543 Purchase... M ft. log measure.. Made into lumber and 2,746 veneer M ft. log measure.. 2,348 Stocks, end of months.M ft. log measure.. .All lumber: Production, 10 species M ft. b. m_. 417,239 Exports, planks, joists, etc M ft. b. m_. 159,613 Retail yards, Minneapolis Fed. res. dist.— 17,832 Sales Mft.b.m., Stocks, end of month M ft. b. m_. 112,273 Composite lumber prices:" 42.44 Hardwoods dolls, per M ft. b. m_. 29.84 Softwoods dolls, per M ft. b. m. 97 89 85 105 70 119 25,972 +24.0 1922 1922 190 139 192 207 116 113 +9.1 + 14.8 157,"877 586,319 23,702,706 1,947,532 127,844 1,431,554 1,602,336 -7.4 +11.9 1913 1909-13 101 83 114 85 110 89 -1.1 +33.5 18,985 107,752 19,507 114,965 132,406 -12.3 1920 1920 +G.5 -4.0 -2.7 -6.3 42.51 29.86 43.83 31.71 +0.2 +0.1 -3.0 -5.8 2,229 3,441 2,997 2,695 20,937 151,013 102 103 5G 57 1921 1920 106 101 63 | 59 62 Wooden F u r n i t u r e Household furnituro and case goods: Shipments dolls, average per firm. Unfilled orders dolls, average per firmPiano benches and stools: New orders dollarsUnfilled orders dollars. Shipments— Value dollarsQuantity _ pieces. 39,287 53,609 44,113 54,805 336,420 325,014 -3.4 1920 1920 74 34 76 | -14.8 -G2.I 120,088 40,120 141,003 105,804 1,100,645 849,324 -22.8 1919 1919 98,000 16,818 123,008 19,751 135,877 19,858 1,0-15,612 159,003 840,410 130,109 -19.6 -18.2 1919 1922 36,125 38,011 33,833 22,440 45,363 42,253 42,497 34,657 23,073 36,005 29,267 31,117 30,551 19,851 34,868 304,545 290,448 277,749 344,074 353,304 344,811 +13.0 +21.6 +24.1 1913 1913 1913 1913 1913 6,682 8,374 7,553 42,564 9,237 7,707 7,761 6,864 41,105 8,124 12,312 11,595 9,394 38,646 14,797 117,356 122,916 113,611 85,252 80,165 77,997 -27.4 -34.8 -31.3 1919 1919 1919 1919 1919 57,924 54,016 230,369 50,582 55,598 61,226 56,501 178,864 47,972 64,364 622,521 597,686 553,298 523,780 -11.1 -12.4 592,110 519,335 -12.3 1919 1919 1919 1919 1919 +19.5 - 5 . 4 +6.6 - 4 . 4 +1.9 +28.8 +6.5 +5.4 -5.6 -13.6 11,025 14,255 34,140 13,742 10,663 12,130 11,239 42,607 8,564 29,011 140,525 142,864 139,003 151,362 -1.1 +5.9 146,106 138,686 -5.1 1919 1919 1919 1919 1919 +13.6 +1G.0 -8.6 +46.9 -9.3 26,896 55,002 28,398 22,979 25,805 47,861 31,979 22,646 233,324 242,932 +4.1 "225,724 227,696 "+0.9 14.00 _ Mooring 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. mMaple 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_ 115,352 43,296 14.00 19.00 25,833 88 31,563 86,875 27,070 1,536 74,089 26,294 91 29,142 73,604 16,535 924 59,496 34,31' 86 34,287 76,613 23,173 807 64,531 Brick Cla: fire brick (computed): V 48,4S0 Production.. thousands50,657 Shipments thousandsStocks, end of month thousands, 226,136 47,496 {sewt orders._ thousands. 58,867 flT Unfilled orders, end of month..thousands. Silica brick (computed): 9,705 Production thousands., 12,287 Shipments thousands., fatocks, end of month thousands.. 37,370 9,352 Neworders.»_ thousands., 11,756 Unfilled orders thousands Face brick (32 Identtealplanfiff" 24,825 Production . _ . . . . _ . „ . thousands. Stocks at yards >' •. thousands. 53,316 29,210 Unfilled orders, end of montblthousands23,624 fahipments thousands. *~ common brickProduction— Actual— 7 ?M , thousands percent Q ,. Relation to capacity, thousands Shipments thousands. Stocks, end of month".""I! thousands. Orders received , , thousands, S^ellatio srs, end of month.-thousands. Architectural Terra Cotta -7.3 83 I +25.5 123 144 +17.4 70 10S -9.5 -0.5 633 il +17.0 707 ]| +H.8 5G3 !| +2.4 457 ~3.4 -2a 6 +15.3 -7.3 -9.1 -3.4 -12.0 +44.4 +3G.6 +13.4 +6.4 +3.3 438 510 518 552 -37.4 -33.1 -26.9 +6.4 -45.1 -9.0 +26.8 -19.9 +60.5 -63.2 +8.3 + 4 . 2 +3.2 +14.9 -2.8 - 1 1 . 2 -2.7 +1.5 1919 1919 1919 "1920 0.0 1913 -26.3 +1.8 - 2 3 . 4 Bookin Jl Prices saret averages of qu o i n s reported a^ of the Jl e p r c n s s t o c k of fl q p 9,112 J ^ d a t? i 5 do to d a t ? e p i r c s 5tn t s s t o c k o f flnished brick in yards and does not ^ j f e T t S b nished brick in yards and « WO " " September, 1923; relative numbers, however, are strict W T O0 Relative to 10 months' average, March to December, Inclusive. 20 jj 3? |—- 117,992 112,446 13,647,502 12,763,478 +4.9 -6.5 1919 1919 +5.8 -15.0 -15.3 - 3 . 9 -38.9 - 2 8 . 6 -39.8 +14.5 j -19.7 - 7 . 8 262 165 212 226 I 148 '• - 1 9 . 3 , -21.1 -1.6 -12.2 SM prior to Septemberj^cammi data therefore are not comparable n computed, oix a chain relate e basis. 38 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Data on t h e following items for t h e period M a y , 1922, to September, 1924, m a y be found in tho November quarterly issue of the SURVEY ( N O . 39). Detailed explanations with sourcesare also given in that issue. In many cases November figures are note available and may be found in the special table on page 23 BUILDING CONSTRUCTION-Con. Portland Cement Production thous. of bbls. Shipments _thous. of bbls. Stocks, end of month thous. of bbls. Price, Portland: Chicago district dolls, per bbl. Lehigh Valley dolls, per bbl. Concrete paving contracts awarded: Total thous. of sq. yds. Roads thous. of sq. yds. Booflng Preparing roofing: Shipments thous. of roof squares.. Roofing felt: Production, dry felt tons.. Stocks, end of month, dry felt tons.. NUMERICAL DATA 1934 September October Corre* sponding month, September or October, 1923 14f 519 16,827 8,404 14,820 17,081 6,143 1.75 1.75 6,800 3,211 1923 114,777 119,228 +9.2 +8.9 7,486 ; 4,191 ! 08,889 44,098 3,008 j I O 1913 1913 1913 171 185 49 174 193 41 173 214 1924 OcOctober tober, 1924, from from September October, 1923 i < CO i 183 225 110 197 228 95 189 228 75 193 231 55 +2.1 +1.5 -26.9 +11.0 +19.6 +33.2 173 214 173 197 173 197 170 197 173 197 0.0 0.0 0.0 -7.9 -9 1 -23.4 & eu 82,184 51, 555 +19.3 +16.9 1919 1919 153 132 168 122 22", 181 231 175 154 111 153 93 -0.5 -15.9 3,192 3,227 25,875 26,794 +3.6 1919 148 145 125 132 154 155 +1.1 +7.3 19,245 18,603 20,445 17,834 17,892 ' 161,898 11,210 174,367 +7.7 1923 1923 97 105 111 SI 109 132 113 137 120 152 127 145 +6.2 -4.1 +14.3 +59.1 number. _ number.. number.. 104,622 68,373 88,913 93,878 88,980 77,361 912, 556 113,718 30,429 106,780 '"982," 246' 998,750 252 71 108 329 72 153 281 161 133 298 150 130 302 162 127 271 211 111 -10.3 -17.4 +30.1 +192.4 -13.0 - 2 7 . 6 103,002 147,318 93,358 105,497 161,474 93,415 147,648 52,110 131,849 1,092,980 1,153,748 +9.4 +0.5 +5.6 1919 1919 1919 number-. number.. uumber.. 1,234,672 1,053,129 -14.7 1919 1919 1919 249 33 124 323 37 179 203 118 100 228 107 132 225 105 127 231 116 127 +2.4 - 2 S . 5 +9.6 +209.9 +0.1 - 2 9 . 2 number.. number.. number.. 110, CC6 197,932 92,604 114,710 215,939 95,717 141,407 57,963 141,702 1,134,577 1, 253,095 +10.4 1,278,817 1,141,892 -10.7 1919 1919 1919 196 40 107 259 46 161 202 124 102 212 131 117 203 157 105 210 172 109 +3.7 - 1 8 . 9 +9.1 + 272.5 +3.4 - 3 2 . 5 number.. number.. .number.. 75,312 132,121 62,581 71,508 158,351 55,261 67,492 52,529 62,824 569,624 750,201 +31.7 "6347122" 569,434 +4.0 1919 1919 1919 191 54 111 238 66 150 238 132 108 250 143 141 265 165 149 252 198 132 +6.0 -5.1 +19.9 +201.5 -11.7 -12.0 number.. number.. Sanitary Ware Baths, enamel: Orders shipped Stocks, end of month Orders received __ Lavatories, enamel; Orders shipped Stocks, end of month Orders received Sinks, enamel: Orders shipped Stocks, end of month Orders received Miscellaneous, enamel: Orders shipped Stocks, end of month Orders received Unfilled orders, end of month: Baths Small ware 131,904 286,783 79,444 206,332 193,805 753,386 i* 1921 " 1921 493 601 475 583 415 306 379 262 323 222 195 160 -39.8 -28.1 -49.0 -72.& CHEMICALS Acetate of lime: 8,449 9,803 12,973 137,898 Production thous. of lbs.. 11,883 10,023 12,628 134,914 Shipments or use-. thous. of lbs.. 14,997 18,549 17,644 Stocks, end of month thous. of lbs.. Methanol: 539,333 666,364 7,212,548 Production gallons.. 464,702 621,412 732,399 6,358,089 Shipments or use gallons.. 578,381 Stocks, end of month gallons.. ,631,499 1,526,678 |2,851,938 Wood at chemical plants: 74,130 57,624 49,850 819,694 Consumption (carbonized) cords.. 822,502 Stocks, end of month cords_. 638,622 625,592 Imports: 22,446 19,438 30,525 Potash long tons.. 191,627 56,788 770,774 Nitrate of soda long tons.. 68,017 70,454 Exports: 849 356 1,252 7,343 Sulphuric acid thous. of lbs.. 535 464 597 5,359 Dyes and dyestuffs thous. of dolls.. 63,789 76,457 Total fertilizer long tons.. 102,371 959,910 Price index numbers: Crude drugs index number.. Essential oils index number.. Drugs and Pharmaceuticals index number.. Cnemicals weighted index number.. Price, sulphuric acid 66° N. Y..Index number.. EXPLOSIVES Total explosives: Production Shipments Sales Stocks 125,283 129,783 1.75 1.90 6,839 3,818 BASE YEAR OR PERIOD 1913 1913 13,350 14,285 4,612 1.75 1.75 | or deCUMULATIVE TOTAL i crease { FROM JANUARY 1 THROUGH LATEST cumuMONTH lative 1924 from 1923 1933 1924 Per cent increase (+) or decrease (—) RELATIVE NUMBERS !j Per ct. :I increase 987,559 108,280 96,836 -21.5 -28.2 1922 1922 1922 112 60 50 124 92 52 73 52 65 78 80 54 81 73 49 9-4 87 42 +16.0 +18.6 -15.0 -24.4 -5.9* -19.1 5,804,569 5,871,009 -19.5 -7.7 1922 1922 1922 101 83 106 117 115 104 71 76 67 78 82 64 82 91 59 95 98 56 +16.1 +7.4 »6.4 -19.1 -15.2 -46.5- 627,867 -23.4 1922 1922 102 85 115 87 72 59 73 67 78 68 90 66 +15.6 -2.0 -22.3-23.9' 168,876 859,666 —11.9 +11.5 +29.1 -3.5 -6.1 1909-13 1909-13 65 119 106 132 49 117 45 143 92 158 145 163 +57.0 +3.6 +36.0 +24.1 9,482 5,171 901,218 58 104 139 204 138 1909-13 132 1909-13 1548 1849 2097 2414 1604 2063 74 99 $5 62 95 1909-13 126 -32.2 +138.5+28.7 +11.6+33.9 +60.5. 1914 1914 206 133 206 135 207 133 206 134 210 142 212 142 +1.0 1914 1913 1913 158 158 173 165 75 75 151 159 70 153 163 70 157 153 70 156 155 70 -0.6 +1.3 0.0 -1.3 -6.1 -6.7 0.0 +2.9' +5.2: 37,158 37,062 35,777 16,314 41,030 39,236 37,168 18,194 37,688 37,124 35,746 18,694 376,210 374,094 360,077 339,700 347,074 330,239 -9.7 -7.2 -8.3 1922 1922 1922 1922 113 111 116 113 122 119 124 115 101 116 106 101 110 110 116 99 121 119 124 100 133 126 128 112 +10.4 +5.9 +3.9 + 11.5 +S.9+5.7 +44.4 -2.7' barrels.. barrels.. 34,364 52,856 25,637 41,587 33,253 37,141 264,280 257,602 -2.5 1919 1919 234 117 218 119 298 110 266 140 225 170 168 134 -25.4 -21.3 -22.9 +12.0 barrels.. barrels.. 113,209 228,721 92,962 282,614 115,428 295,389 945,796 884,082 -6.5 1919 1919 204 144 206 147 232 135 223 137 202 136 166 114 -17.9 +16.5 -19.5 -22.6 FATS AND OILS Total vegetable oils: Exports thous. of lbs.. Imports thous. of lbs.. Oleomargarine: Production thous. of lbs. Consumption thous. of lbs.l 1,156 46,118 2,669 40,924 3,698 34,994 43,072 548,958 29,785 702,625 -30.8 +28.0 1913 1913 7 124 13 164 8 163 7 224 4 216 13 191 +130.9 -11.3 -37.8. +16.9- 19,122 21,236 158,961 181,612 174,274 + 9 . 6 192,760 + 6 . 1 1*0 19,217 ltrlo 167 •toe J.OO 128 127 131 134 159 170 162 -4.9 -9.5- thous. of lbs.. thous. of lbs-. thous. of lbs.. thous. of lbs.. NAVAL STOBES Turpentine (3 principal ports): Net receipts Stocks, end of month Rosin (3 principal ports): Net receipts Stocks, end of month 19,260 20,202 M Average of 8 months, May to December, inclusive. 1913 179 39 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (NO. 39). Detailed explanationswithsources are also given in that issue. NUMERICAL DATA RELATIVE NUMBERS Per ct. increase (+) ' or decrease BASE YEAR OR PERIOD October Corresponding ' month, September or October 1923 855,128 739,947 1919 -124.8 + 15.6 210,341 113 94,993 195,945 120 668,683 712,640 1919 1919 1913 +87.7 +129.2 +4.C -12.8 +7.3 3,655 6,587 1,852 2,434 8,276 5,134 8,174 8,862 1913 1913 +57.9 +97.4 +388. 3 + 170. 0 1,374 4,723 395 1,574 1,221 3,499 212 2,243 •1,753 18,564 16,778 98,208 90,727 -1.5 1913 84 110 41 28 29,281 24,071 153,805| 147,589 -4.0 1913 55 80 35 31 1924 In many cases November figures are now available and may be found in the special table on page 23 September CUMULATIVE TOTAL PROM JANUARY 1 THROUGH LATEST MONTH Per cent increase ( + ) •or decrease ( - ) 1923 1924 (-) cumulative 1924 from 1923 1973 October| from September 1924 October, 1924, from October, 1923 PATS AND OILS—Continued Cottonseed Cottonseed stocks, end of month tons.. 380,443 Cottonseed oil: 44,116 Stocks, end of month thous. of lbs.. 91,756 Production__ thous. of lbs.. 108 Price, New York dolls, per lb.. Flaxseed Receipts: 2,315 Minneapolis thous. of bushs.. 1,349 Duluth. thous. of bushs.. Shipments: 772 Minneapolis thous. of bushs.. 975 Duluth__ thous. of bushs Stocks, end of month: 27 Minneapolis. _ ..thous. of bushs 1,036 Duluth thous. of bushs.. Linseed oil: Shipments from 8,883 Minneapolis thous. of lbs.. Linseed-oil cake: Shipments from 15,955 Minneapolis thous. of lbs.. FOODSTUFFS +6.0 -1.2 +72.6 2,997 +145. 5 6,904 +97.3 500 144 IS 21 I 495 1913 1913 10 1913 1913 +78.0 j+384. 4 vi .J+GS5.2 82 P+110.5 +217.8 +200.1 -57.6 +28.0 122 +109. 0 + 10. C +83.5 +21. G 07 •I Wheat Exports, including flour thous. of bushs.. Visible supply: United States thous. of bushs.. Canada thous. of bushs.. Receipts, principal markets..thous. of bushs.. Shipments, prin. markets thous. of bushs.. Prices: No. 1, northern Chicago..dolls, per bush.. No. 2, red winter, C hicago.dolls. per bush.. 39,244 53,538 18,652 88,291 13,501 82,075 58,482 96,528 52,099 88,022 72,066 79,034 80,782 40,488 18,993 1.350 1.343 1.486 1.528 51,211 11,230 973,524 65.1 8.013 +22.1 1913 +22.0 +51.3 +36.4 +lb7.0 1913 1913 1919 1919 177 j 330 50,810 10,983 908,311 62 0 7.440 179,180 1.197 1.097 47,857 10,459 823,390 146,781 322,763 182,334 393,734 275,8S9 +9.3 +22.1 +2S5.9 -35.5 +7.2 +117.4 +23.2 4-279.4 1913 1913 + 10.1 + 13.8 +24.1 +39.3 6.200 1913 +7.7 +29.2 5.400 1913 +9.9 +23.5 +6.2 +4.5 1913 1919 1919 -2.9 -0.5 +4.9 +6,7 +2.4 +7.1 -54.9 +10.4 +7.2 +17.3 1913 1913 1919 1919 1913 Wheat Flour (Bureau of the Census) Wheat, ground thous. of bushs.. Production, wheat flour thous. of bushs.. Production, grain offal thous. of lbs.. Percent of capacity operated percenter rices: Flour, standard patents, Minneapolis dolls, per bbl.. Flour, winter straights, Kansas City dolls, per bbl.. (Russell's Commercial News) Production Consumption.... Stocks, all positions thous. of bbls.. thous. of bbls.. thous. of bbls_. Corn £?P° rt s, including meal thous. of bushs. Qpp y I!K5 V J -i thous. of bushs.. Receipts, principal markets..thous. of bushsbmpments, prin. markets....thous. of bushs. windings (starch, glucose)...thous. of bushs. Prices, contract grades, No. 2, Chicago dolls, per bush.. Other Grains Kecelpts, principal i^arkets thous. of bushs.. visible supply thous. of bushs.. gxports, including meal .thous. of bushs.. Prices, contract grades, I dolls, per bush.. C B a r l e Chicago Receipts, principal markets s. air co g o o d ' ag0 thous. of bushs.. thous. of bushs.. .dolls, per bush.. Rye: Recei , p p a markets thous. of bushs.. gx.P°rts, including flour.-thous. of bushs.. Price, No. 2, Chicago dolls, per bush..| Total Grains P<>rts, incl. flour thous. of bushs.. f grain and grain produets..cars.. 6.069 103,459 90,507 109,891 41,409 12,561 10,847 8,500 18,663 211,848 141,741 54,916 233,972 151,902 64,392 13,798 11,160 8,675 13,404 11,107 9,100 802 6,400 21,428 11,937 6,368 729 8,497 19,511 11,826 6,926 1,163 1,105 1,011 55,710 48,006 662 39,149 66,564 2,735 28,710 20,488 1,158 .497 .522 .439 13,965 1,955 12,296 5,315 6,061 1,425 .90S .678 14,291 11,579 1.016 17,708 10,927 1.275 3,434 545 720 38,629 29,817 52,233 34,801 +35.2 +16.7 54,242 338,570 73,243 276,188 22,468 198,516 238,465 1,852,281 251,704 2,106, +5.6 1,084 16,450 6,424 •94,600 -9.1 +6.0 +32.8 +683.9 - a 9 +18.6 - 0 . 9 +36.1 +8.8 +7.8 +5.0 1913 201,261 226,196 9,293 5,793 +12.4 -37.T -29.7 +36.4 , +38.7 +224.9 1+313.1 +136.2 1913 1913 1913 1913 49,820 13,268 +36.4 +18.8 117 1913 1913 105. 108 139 140 67 1913 36,528 11,165 1913 1913 1913 +9.31 413 1673 110 +5.0 +18.9 -12.0 +102.9 +171.9 +273.0 136 139 145 1104 1368 |7470 |7050 144 160 200 +4.8 +33.9 +23.9 1+415.7 -5.6 +25.5 +77.1 1+226.0 +39.1 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on the following items for the period May, 1922, to September, 1921, may be found in the November quarterly issue of the SURVEY ( N O . 39). Detailed explanations with sources are also given in that issue. in many cases November figures are now available and may be found in the special table on page 23 RELATIVE Per ct. increasi NUMBERS (+> September October Corresponding month, Sept em* beror October, 1923 5,920 13,600 3,000 4,810 12,400 2,200 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH or decrease (**-) cumulative 1924 from 1923 3,700 4,000 1,200 1924 1923 1924 BASE YEAR OR PERIOD 1923 1924 f, 5 Per cent increase ( + ) or decrease (—) OcOctober tober, 1924, from from SepOctember tober, 1923 FOODSTUFFS—Continued Argentine Grains Visible supply, end of month: Wheat thous. of bushs. Corn ..thous. of bushs. Flaxseed thous. of bushs. -18.7 +30.0 - 8 . 8 +210.0 -26.7 +83.3 1913 1913 1913 Bice Total movement to m m ? . sacks or bbls. Paddy at California warehouses: Shipments sacks. Southern paddy, receipts at mills bbls. Shipments: Total from mills pockets (100 lbs.)New Orleans pockets (100 lbs.). Stocks, end of month: Mills and dealers pockets (100 lbs.). Imports pockets (100 lbs.). Eiports pockets (100 lbs.). Other Crops Apples: Car lot shipments Car lot shipments: Potatoes Onions Citrus fruits Hay, receipts 986,496 2,491,G59 1,537, 770 +152.6 +62.0 37,871 948,625 +715.6 +130.1 +413 308,866 25,489 , 182,793 1,512,281 730,544 1,303,227 232,916 300,075 968, 779 236,714 638,303 1,567,621 1,290 1,298 27,675 89,079 5,038,502 5,611,236 +11.4 1919 6,190,625 2,170,204 6,061,862 1,388,876 -2.1 -36.0 1919 1919 425,936 2,880,418 263,979 1,055,600 -3S.0 -63.4 1919 1919 1919 +145.6 +64.3 +0.6 -83.6 +224.0 -51.4 1919 +171.0 -19.3 +59.0 - 2 . 7 -4.5 +17.6 +34.3 -22.4 +8.3 +10.5 954,101 7,897 1S4,646 carloads. 13,201 35,937 44,515 90,281 82,995 carloads. carloads. carloads. tons. 20,450 3,S64 3,116 86,031 32,524 4,545 4,185 95,037 33,433 4,760 5,390 87,786 190,664 21,277 77,307 750,809 209,189 25, 275 80,244 804,769 -8.1 +0.4 +18.8 +3.8 +7.2 2,737 1,339 751 1,432 2,802 1,382 785 1,373 19,225 8,143 3,577 10,911 19,156 7,777 3,103 11,317 -0.4 -4.5 -13.1 +3.7 550,474 514,572 16,763 514,441 487,199 14,205 4,262,387 4,182,260 141,443 4,346,484 4,258,629 135,689 47,577 67,165 9,015 .165 .160 9,500 .172 .136 3,216 1,252 35 1,959 3,990 1,469 56 2,525 4,816 1,669 101 3,129 44,093 15,454 704 43,955 16,173 420 27,721 492,734 561,226 114,652 582,115 636,977 132,686 711,355 693,845 158,196 7,333,409 5,738,262 1,639,832 6,180,874 5,869,676 1,483,126 649,263 441,950 542,544 103,645 65,810 107,174 60,813 132,233 76,378 83,854 31,566 9,855 .223 .144 10,781 .216 .165 3,027 1,876 973 1,097 3,295 2,267 1,441 1,020 3,465 2,443 1,489 981 18,710 9,949 3,784 8,684 18,717 42,548 42,198 43,617 42,881 37,733 39,651 370,521 377,516 381,926 331,166 2,535 3,193 1,997 1919 5,405 13,175 5,813 13,438 5,275 12,775 1913 1913 +2a$ 1919 1919 1919 1919 481,787 466,995 16,375 +78.4 1919 1919 1919 1919 2,566 1,166 580 1,312 52 +34.5 +26.8 Cattle and Calves Cattle movement, primary markets: Receipts thousands.. Shipments, total thousands.. Shipments, stocker and feeder-thousands.. Local slaughter thousands.. Beef products: Inspected slaughter products.thous. of lbs.. Apparent consumption, thous. of lbs.. Exports thous. of lbs.. Cold-storage holdings (end of month) thous. of lbs.. Prices, Chicago: Cattle, corn-fed dolls, per 100 lbs.. Beef, fresh native steers dolls, per lb_. Beef, steer rounds, No. 2 dolls, per l b . 1913 1919 1913 -2.4 +6.6 -3.1 +14.8 +29. 5 - 4 . 3 +4.3 +9.1 +7.0 +14.3 +5.6 +10.2 +2.4 +18.0 63,421 1919 +41.2 +5.9 10,450 .175 .155 1913 1913 1913 +5.4 +4.2 -15.0 -9.1 -1.7 -12.3 1919 1919 1919 1919 +24.1 +17.3 +60.0 +28.9 -17.2 -12.0 -44.6 -19.3 1913 1919 1913 +14.1 +13.6 +15.7 -21.0 -8.2 -16.1 1919 -31.9 -18-5 1919 1913 +3.4 -7.6 -19.0 -2a 4 35,525 1919 -62.4 -11.1 7,775 .219 .133 1913 1913 1913 +9.4 -3.1 +14.5 11:1 1919 1919 1919 1919 +20.8 +48.1 -7.0 +2.0 + 1.8 -4.1 Hogs a n d Pork Hog movement, primary markets: Receipts thousands.. Shipments, total thousandsShipments, stocker and feeder .thousands.. Local slaughter thousands.. Pork products, total: Inspected slaughter products .thous. of lbs.. Apparent consumption. thous. of lbs.. Exports thous. of lbs.. Cold-storage holdings (end of month) thous. of lbs.. Lard (included in pork products): Production thous. oflbs.. Exports thous. of lbs.. Cold-storage holdings (end of month) thous. of lbs.. Prices: Hogs, heavy, Chicago..dolls, per 100 l b s . . Hams, smoked, Chicago dolls, per lb_. Lard, prime contract, N . Y.dolls, per l b . . 1,571,273 862,551 1,607,803 818,090 -0.3 +4.7 -40.3 -3.1 -15.7 +2.3 -9.6 +2.3 -5.2 +24.1 Sheep and L a m b s Sheep movement, primary markets: Receipts thousands.. Shipments, total«___ thousands.. Shipments, stocker and feeder-thousands.. Local slaughter thousands.. Lamb and mutton: Inspected slaughter products.thous. of lbs.. Apparent consumption*..*..thous. of lbs.. Cold-storage holdings (end of month) . . . t h o u s . of lbs.. Prices: Sheep, ewes, Chicago...dolls, per 100lbs.. Sheep, lambs, Chicago..dolls. per 100 lbs.. 3,798 8,761 0.0 -0.6 +0.4 +0.9 +3.1 +1.0 +8.9 +15.6 +8.1 +26.0 +59.9 +7.5 +10. +5. +2.0 +2.5 1913 1919 27 -7.2 -3.2 +4,0 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on t h e following items for the period M a y , 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY ( N O . 39). Detailed explanations with sources are also given in that issue. 1924 In many cases November figures are now available and may be found in the special table on page 23 September FOODSTUFFS-Continucd PoultryReceipts at five markets thous. of lbs.. Cold-storago holdings (end of month) thous. of lbs.. Corre- CUMULATIVE TOTAl|! c r c a s i FROM JANUARY 1 sponding THROUGH LATEST cumumonth, MONTH lative Septem1924 ber or from October 1923 1923 1923 1924 19,7ft 27,344 27,41! 40,09C 55,430 40,363 Fish Total catch, prin. fishing ports, .thous. of lbs j 19,931 Cold-storage holdings, ISthofmo.thous. of lbs.. 56,607 Canned salmon, shipments 923,76r Dairy Products Fluid milk: ReceiptsBoston (includ. cream) Jhous. of qts. Greater New York thous. of cans. Production, Minneapolis thous. of lbs. Condensed and evaporated milk: Stocks thous. of lbs., Exports (case goods) thous. of lbs.. Consumption and distribution by milk plants (Dairymen's League, N. Y.): Total milk consumed or sold .thous. of l b s . . Fluid milk sold thous. of lbs.. Milk consumed for manufacture of: Soft cheese, ice cream and condensed milk. thous. of l b s . . Milk chocolate and milk powder thous. of lbs._ Butter . .thous. of lbs.. American cheese_ thous. of lbs.. Butter: Receipts, 5 markets thous. of lbs.. Cold-storage holdings, creamery (end of month) thous. of lbs— Wholesale price, 5 markets..dolls, per l b . . Cheese: Receipts, 5 markets thous. of lbs.. Cold-storage holdings, American (end of month) thous. of lbs.. Wholesale price, 5 markets..dolls, per lb— Eggs: Receipts, 5 markets thous. of lbs._ Cold-storago holdings (case) .thous. of lbs.. October Percl increas 207,932 218,526 +5.1 RELATIVE NUMBERS Per cent increase ( + ) or decrease (—) BASE YEAR 1933 on 1924 October from Septembci PER1O1 October, 1924, from October, 1923 1919 +3S.3 -0.2 1919 +38.3 +37.3 +1.4 +17.9 +1.3 +6.0 -2.2 +2.0 +1.2 20,215 66,754 19,954 62,616 834,304 164,53: 174,493 +6.1 1919 1919 15,86: 2,50: 18,13 15,500 2,550 18,343 15,738 2,403 16,68-1 155,11 24,911 178,382 161,536 25,060 219,841 +4.1 +0.6 +23.0 1919 1913 1919 202,977 20,034 179,460 22,600 211,334 17,539 142,313 130,043 +26.5 1920 1919 187,79J 99,14: 173,144 102,503 203,513 92,303 2,495,512 975,732 2,286,573 1,015,179 -8.4 +4.0 1922 1922 37,75; 33,570 38,826 521,729 490,314 -6.0 32,821 13,163 4,91f 26,815 7,794 2,463 45,446 20,559 6,379 699, 217,334 81,384 462, Oil 251,575 67,495 -33.9 +15.8 -17.1 57,304 50,417 45,703 575,134 613,360 +6.7 153,27! .342 135,251 .385 76,472 .479 117 28 -11.6 +12.5 -1.5 +6.1 +9.9 -15.1 +28.9 62 -7.8 +3.4 -14.9 +11.1 1922 -II. 1 -13.5 1922 1922 1922 -18.3 -40.8 - 49. 9 -41.0 -62.1 -61.4 22 64 j 67 96 SO 82 88 1919 -12.0 +10.3 1916-20 1919 -11.8 +12.6 +76.9 -19.6 18,497 17,804 21,091 73,087 .203 67,651 .197 57,927 .256 872 7,410 741 5,295 831 6,645 15,560 307,838 422,650 243,353 323,907 278,575 384,200 3,029,629 3,690,311 3,386,955 4,142,045 +11.8 +12.2 1913 1919 154,805 24,510 82,899 121,656 2,772 193,330 193,868 +0.3 1919 :909-13 457 163 22,680 65,399 27,337 -58.2 1913 .060 .071 .060 .073 .076 .090 177,353 333,992 273,426 85,762 195,683 145,422 68,671 244,935 86,266 3,401,460 3,322,322 3,889,528 3,741,432 +14.3 +12.6 83,637 133,497 141,336 ,099,712 ,180,107 5,653 1,672 5,734 772 1,536 5,325 944 1,265 8,594 1,419 713 1,730 827 1,812 11,435 5,999 9,079 11,794 14,259 81,118 606 6,273 635 6,433 712 6,277 thous. of lbs. 36,715 33,043 thous. of lbs., millions.. houses....thous. of lbs.. ' ot 37,907 868 68,075 56,821 697 46,927 1,022 83,090 82,222 1919 1,361 1,436 .909-13 188,987 182,382 -3.5 1919 -3.7 -15.6 1916-20 1919 -7.4 -3.0 +16.8 -23.0 -15.0 -28.6 -20.3 -20.9 -23.4 -12.6 -15.7 -46.4 -78.0 -31.9 +914 -64.3 -99.3 -21.1 -18.9 -17.1 1919 1919 1919 0.0 +2.8 +2.6 -51.6 -41.4 -4a 8 +24.9 -20.1 +6S.6 +7.9 .909-13 +59.6 | -5.5 11,999 +39.6 1913 1913 1913 +1.4 j +7.7 +4.6 -18.2 -8.1 +21.4 11,754 5,791 +2.8 -3.5 1913 1913 +21.9 I -4.5 +16.0 j -14.6 72,967 -10.0 L909-13 5,857 54,661 5,546 60,211 -5.3 +10.2 1913 1913 352,488 353,894 +0.4 1913 387,765 10,298 311,526 485,798 8,915 +25.3 -13.4 +11.0 909-13 1913 13,946 1919 1916-20 252 -ias Sugar Raw: Receipts at New Orleans.. long tons. Prices: Wholesale, 96° centrifugal, N. Y c at C u b a n ports ion-ticu: 237 12 1913 1913 1913 Coffee thoUS. Oflbs 738 Imports I ™ . . . . . t h o u s . ot lbs.. 157 173 96 15 1 3 1 3 0 4 4 +29.9 -17.3 TOBACCO i K E f e (tai - pai(i "thdrawals): C & ^ t u r e d '-— ~ leaf 1913 28.00 24.50 owing month indicated, i. e., the October columns show estimates as of Dec. 1. 44 8 95 +4.8 ; -10. S +3.4| +3.4 +3.6 j +4.6 +49.9 j +21.1 -19.7 -31.8 +22.1 ! +1.1 .0 2 186 I 186 +15.1 -5.2 0.0 -12.5 42 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on the following Items for the poriod May, 1922, to September, 1924, may bo found in the Novomber quarterly issue of the SURVET (No. 39). Detailod explanations with sources aro also given in that issue. In many cases November figures are now available and may be found in the special table on page 23 RELATIVE NUMBERS Per ct. increase Per cent increase (+) or decrease ( - ) (+) 1924 September October Corresponding month, September or October, 1923 CUMULATIVE TOTAL FROM JANUARY * THROUGH LATEST MONTH or decrease (-) cumulative 1924 from 1923 BASE YEAR OB PERIOD 1923 1021 18,317 11,633 3,830 78,816 1,955 19,647 11,370 4,798 64,739 1,736 +7.3 -2.3 +25.3 -17.9 -11.2 1915 1915 1915 1913 1913 1923 OcOctober tober, 1924, from from September October, 1923 1924 S TRANSPORTATION River and Canal Cargo Traffic Panama Canal: Total cargo traffic thous. of long tons. In American vessels...thous. of long tons. In British vessels thous. of long tons. Sault Ste. Marie Canal..thous. of short tons. New York Stato canals. ..thous. of short tons.. i Cape Cod Canal tons.J. Suez Canal thous. of metric tons.J Ohio River, Pittsburgh, Pa., to ; Wheeling, W. Va short tons.. Mississippi River: Receipts at St. Louis short t o n s . . Shipments from St. Louis short tons.. Government bargo line ....tons.. 2,112 1,188 527 9,661 275 2.169 1,384 446 10,328 344 13,003 348 1,784 16,853 18,618 +10.5 1919 547,931 5,321,689 4,921,865 -7.5 1922 183 13,450 27,455 54,210 97,995 207,955 650,154 99,860 ISO, 826 695,954 +1.9 -13.0 +20.4 1913 1913 1919 +6.9 +25.1 107 419 632 -20.6 -1.1 +23.5 +30.4 171 714,421 1,905 573, G68 522 783 236 130 94 1(5,7-18 27,476 78,424 259 95 Ocean T r a n s p o r t a t i o n Entrance, vessels in foreign trade: Total thous. of net tons.. American thous. of net tons..! Foreign ..thous. of net tons_.j Clearances, vessels in foreign trade: Total thous. of net tons..| American thous. of net t o n s . . Foreign thous. of net t o n s . . Freight rates, Atlantic ports to: United Kingdom.weighted index number. All Europe weighted index number. 6,395 2,669 3,726 6,492 2,695 3,798 6,156 2,789 3,367 55,178 22,390 32,792 57,245 24,619 32,629 +3.7 +10.0 -0.5 1913 1913 1913 139 238 103 +1.5 +1.0 +1.9 -3.4 +12.8 6,479 2,872 3,007 2,922 3,881 5,992 2,688 3,304 55t 861 22,818 33,041 58,239 25,332 32,909 +4.3 +11.0 -0.4 1913 1913 1913 134 215 102 +5.0 +1.7 +7.0 +13.5 +8.7 +17.5 1920 1920 23 23 +5.5 Freight Cars Surplus (daily av. last week of month): Box number. Coal number. Total number. Shortage (daily av. last week of month): Box number. Coal number. Total number. Cars in bad order: Total cars. Ratio to total in use_ per cent. Car loadings (monthly totals): Total thous. of cars. Grain and grain products..thous. of cars. Livestock thous. of cars. Coal and coke . . . t h o u s . of cars. Forest products thous. of cars. Ore thous. of cars. Merchandise and misc thous. of cars., 36,768 58,375 116,689 36,734 60,097 116,448 15,116 7,205 24,477 270 274 670 425 331 797 3,943 3,068 12,336 1919 1919 1919 206,044 8.9 190,543 8.2 150,624 6.C 1913 1913 5,167 339 179 925 338 237 3,149 4,380 276 166 809 282 177 2,670 4,311 199 175 821 295 245 2,576 41,609 1,852 1,441 8,598 3,146 2,122 24,450 40,083 2,107 1,408 7,333 3,052 1,532 24,652 399,038 93,196 540,839 381,623 116, 760 39,046 438,813 82,861 572, 600 403, 604 127,105 43,110 441,661 93,778 587,867 445,365 102,934 42,209 3,885,700 959,345 5,322,764 4,150,390 825,268 386,010 6,512 5,072 3,157 6,005 5,076 2,773 5,879 5,120 2,837 61,140 48,915 28,882 11,329 17.6 11,095 17.2 10,112 15.8 -0.9 +143.0 +2.9 +734.1 -0.2 +375.7 1919 1919 1919 (10) +57.4 -89.2 +20.8 -89.2 +19.0 -93.5 -7.5 -7.9 +26.5 +24.1 -15.2 -18.6 -7.3 -12.5 -16.6 -25.3 -15.2 +1.6 +38.7 -5.1 -1.5 -4.4 -27.8 +10.0 -11.1 +5.9 +5.8 +8.9 +10.4 -0.6 -11.6 +2.6 -9.5 +23.5 +2.1 +2.1 -0.9 -2.3 -3.7 +13.8 —2.3 -14.7 -3.0 -27.8 +0.4 1919 1919 1919 1919 1919 1919 1919 3,604,675 906,961 4,974,352 3,802,121 804,086 356,393 -7.2 -5.5 -6.5 -8.4 -2.6 -7*7 1913 1913 1913 1913 1913 1913 61,629 60,896 28,860 +0.8 +4.0 -0.1 1913 1913 1913 -7.8 +0.1 -12.4 1919 1919 +2.3 +9.7 +8.9 +3.6 Railroad Operations Revenue: Freight. thous. of dolls., Passenger thous. of dolls.. Total operating thous. of dolls.. Operating expenses thous. of dolls.. Net operating income thous. of dolls.. Freight carried mills, ton-miles.. Pullman company operations: Revenue thous. of dolls.. Expenses thous. of dolls.. Passengers carried ..-thousands.. Locomotives in bad order, per cent to total use: Total end of mo Per ct. in total use , 192 2.1 Passenger Travel National parks: Visitors Automobiles entered Arrivals from abroad: Aliens United States citizens Departures abroad: Athens United States citizens Passports issued number.. number.. number.. number.. 47,993 57,232 number.. number.. number.. 23,251 23,849 7,659 1920 1920 447,352 285,246 +17.7 +29.0 -38.9 +24.3 1913 1913 -5.8 -40.3 -56.3 +24 0 157,521 228,903 114,030 188,406 269,529 130,909 +19.6 -17.7 +14.8 1913 1913 1913 -9.6 +16.3 +3.2 -0.7 +11.2 +15.8 43,810 9,119 197,655 18,294 391,839 90,076 427,812 +9.2 -0.4 1913 1913 9,728 12,096 1,926 90,624 111,879 16,165 81,435 112,177 15,292 -10.1 +0.9 -5.4 1919 1919 1919 +4.2 +4.5 +6.1 +2.2 +2.4 +3.5 125,441 14,235 1,259,182 144,666 1,481,714 186,565 45,224 34,171 103,518 27,553 732,534 229,481 21,008 19,951 7,900 21,147 18,104 6,826 PUBLIC UTILITIES Telephone companies: Operating r e v e n u e s . , . 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. « Relative number less than l. 49,105 11,443 9,542 11,861 1,879 9,940 12,389 1,993 350 121 128 113 | 120 102 118 43 TREND OF BUSINESS MOVEMENTS—Continued NUMERICAL DATA NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. CUMULATIVE RELATIVE NUMBERS TOTAL spondin month Septe beror Octobei 1923 In many cases November figures are now available and may be found in the special table on page 23 Per cent increnso (+) or decrease ( - ) Octobei from Scptcmbe PUBLIC UTILITIES—Continued Central electric stations: Production, electric p o w e r Total mills, of kw. hours.. By water power..mills, of kw. hours.. By fuels mills, of kw. hours.. Consumption of fuels—. Coal thous. of short tons3,013 Oil thous. of barrels.. 1,389 Gas millions of cu. f t . . 5,881 Gross revenue, sales thous. of dolls.. 103,200 48,433 16,707 31,726 3,57! 1,379 2,896 103,60( 32,01 11,83: 26,73 921,25( - 5 . 0 'I 1919 + 1 . C I 1019 + 6 . 9 1919 30,572 14,197 40,866 992,530 - 4 . 5 |l[ 1919 +20.0 1! 1919 +52.9 1919 +7.7 1913 EMPLOYMENT Number employed, State and city reports: New York State thousands Detroit thousands, Wisconsin index number. Illinois index number. Massachusetts index number. Total pay roll: New York State thous. of dolls. Wisconsin index number. Average weekly earnings: New York State dolls. Illinois index number. Wisconsin index number. Massachusetts index number. Average weekly earnings (Nat. Ind. Conf. Bd.): Grand total (both sexes) dollars. Total male ....dollars. Skilled male _ dollars. 1 Unskilled male. dollars. Total women dollars., Average weekly hours: Nominal (both sexes) hours.. Actual (both sexes) -11.0 -8.9 -5.0 -11.9 -15.1 25.98 23.11 29.76 22.56 17.11 26.45 28.44 22.60 38.21 17.36 hours.. DISTRIBUTION MOVEMENT Mail-order houses: k & Co thous. of dolls.. Total sales thous. of dolls.. Ward & Sears, Roebuck & Co Co.thous. of dolls.. thous. of dolls.. MontEf™" **" i t . - . — - * j-1-iTotal sales." tifftwi * - *"*— thous. of dolls.. XT' ^V o o l worth & Co...thous. of dolls.. Number of stores operated Q s - S. Kresge Co thous. of dolls.. TIT £ Q m b c r of stores operated McCrory Stores Corp thous. of dolls ^ u m b e r of stores operated I. 279,794 174,328 105,469 41,063 23,801 17,262 299,033 173,516 125,517 10 ^tf8 &C o t h o u s J o ^ s a l e s , 2 chains ftl ™ *~J - of dolls.. thous. of dolls.. number.. .thous. of dolls., -thous. of dolls.. J * ^ N W 9° thous. of dolls.. TT ^ u m b e r of stores united Cigar Stores Co...thous. of dolls" Number of stores A. Schulto (Inc.) thous. of dolls:. Number of stores.... Owl Drugco ::thous."ofdois:: ,r .Number of stores. Magazmfi advertising (for "")-.thous. of lines.. -•ising thous. of line citi«"—*"»» G selected O Cllies thous. of dolls.. ey^dersf thous. of dolls.. Domestic paid (50 cities)— S^tity [ 6,863 560 6,151 2,546 1,908 254 1,468 86 34,046 20,393 1,351 7,872 247 2,102 172 3,679 159 30,193 18,083 1,246 7,246 228 1,877 166 2,985 151 3,176 119 2,081 1,095 1,345 6,851 245 1,903 171 3,123 158 3,201 209 2,040 1,161 8,430 7,592 468 6,355 2,435 1,765 249 lt 78 566 6,502 2,548 1,949 253 1,588 84 l t Y +8.4 +8.6 +8.3 +12.6 +3.6 number ._ * a !ue thous. of dolls., Domestic, issued (50 c i t i e s ) n & C +0.4 +14.9 +0.8 +6.1 +0.6 n u m b e r . 26,183 275,272 31,505 +7.5 +2.5 -42.2 +91.2 ~.--.admissio » t ock transfers » TaS ? i i ^^ http://fraser.stlouisfed.org/« ^ Federal Reserve Bank of St. Louis lat Ves a r c f o r t h e n thous. h thous. of dolls.. ous. thous. of dolls... dolls.. months* period ending November. -63.9 -71.1 -41.2 +33.0 , in.«mt admission charge or fraction thereof. T t a revenue act of 1921 exempted 44 TREND OF BUSINESS MOVEMENTS—Continued In many casea November figure* are now available and may be found In the special table on page 23 Corrccionth. September October •! KKLATIVE NTMliKKS NUMERICAL DATA NOTE.—Data on the following items for the period May, 1922, to September, lP-'l, may be found in the November quarterly issuo of the SURVEY (N*O. 39). Detailed explunationsu'itb sources are also givea in that issue. H.VSU V*:AII OR Cl'MVLATIVE TOTAL ri:ou JANIAF.V i THIlOVfiH LAltdT MONTH October, 1023 irtt 1'cr cent l;ttive 1924 from 1023 tS£f. 1V = -5 1 £ • S 5 BANKING AND FINANCE Life I n s u r a n c e (Asjocizticn of Life Insurance PraidtnU) Policies, new (45 companies): Ordinary thous. of policies.. 150 : 152 Industrial thous. of policies.. 015 i Group number of contracts*. 75 : &7 Total insuraaco.*.thous. of policies and contracts.. 1,012 Policies and certificates: Total.. nunit>or (policies and certificates).. 7r.\072 l.cs.1, :n7 Oroup insurance...number (ccrtitic-.itw).13M6 70 M5 13,M6 : 70, Amount of new insurance (45 companies): Ordinary thoui. of dolls.. 4.v,,f,is .7)1,4."9 Industrial thous. of dolls.. n;.,Gi2 ' Group thous. of dolls.. ID, 300 . 131, Hi Toted insurance thous. of dolls., coi.frii I Premium coliections (45 conip in Irs i: 103,1^.S Ordinary thous. of doll3.. Industrial thous. of dolls.. 33, 40.*. .bl Oroup thous. of dolls.. 2«14S n.or. Total 141.W4 Admitted life insurance assets (41 companies): ; Grand total mills of dolls.. 8,231 Mortgage loans— ; Total mills, of dolls.. 3,227 3.2fi3 Farm mills, of dolls.. 1,4.13 All other mills, of dolls.. T Bonds and stocks (book values): Total mills, of dolls.. 3,453 Government mills, of doll3.. l,0&2 Railroad mills, of dolls.. 3.S1 i Public utilities mills, of dolls.. 3-vi All others mills, of dolls.. 97 j Policy loans and premium notes mills, of dolls.. 1,017 1,012 Other admitted assets..mills, of dolls.. 533 MS -1.3 C, W2 l 400, ?s*) 1.431.01s ! i,:.v h fr» tX 21 1013 + 4. 5 -f 3. 1 i;..\r/,i 1513 210 '-T-v-*. 2 IS lf.r) 227 + 1 4 . 5 -5.2 *. ' i:r, i:>7 100 • ins • 219 : +.r.. 1 +24.4 " + ^ I.'iu "-TisO H'J) i:O0 1740 +1C.0 13.0 &i ; w I7o 170 ir.s : so •' -••r.o.? + 17.7 ion I.fcil -fii.s 9.?*JS 3t2 374 l-.'1-T X1S301 3T0 :77J 279 >2 +14.9 1322 1114 75M ' 3J-J : .TO.-, 422 VA3 +:;s.3 :>:. A-/2 ! ai4 310 -1.2 7 1 /.*? (M'.«; :r.--,7 S4fn + 40..S '*'. 270 1%' 1V3 -.' i7t> 2,174 131,112 +2. S +30.5. 577.0 +27.*4 + 11.1 +39.1 + 11.1 +9.4 10: , IP-.1.312 1.517 no 110 i 111 : 112 101 IT, 104 117 112 13 119 : 120 121 1 0 + 1.1 +0.4 113 ' 114 114 K l j I * . 1ST . + 1.7 + 15.3 +9.7 +20.2 im W If* m 125 103 : ii) i 107 j 11 .4 13fl ; +0.5 +3. ft -9.2 + 7.0 + 32.4 +21.0 irs 11.1 ios ' irfl ! 110 117 j 117 • 119 liV, ioi ; IOx 10i) 3,3 VI 1, IS'. 1, 77 i i !A 101 j 101 102 15CJ 17-3 81 10.1 101 •• 1 0 1 104 ! 90 i 10* ! 135 : 12/1 , +0.S 154 KJ KV ns 127 -o.r. +0. K + 1.S +1.0 +0.5 +1.7 +7.5 + 18.1 (Life Insurance Sain Raearch Bureau) I Sales of ordinary life Insurance (SI companies): ; j e7 United States total thous. of dolls.. 457,944 572,154 ' Eastern manuf. district...thous. of dolls.. ]*o,435 221,32o Western manuf. district...thous. of dolls.. iofl, 1S1 124, S41 Western agric. district thous. of dolls.. 90,4;3 84.217 Southern district thous. of dolls.. 69,226 62,616 Far Western district thous. of dolls..* 54,445 60,303 212.75 177,070 00.734 69. 4W M.776 5. 729,1W 2 ?fl t £.432,132 2, CM. Ma 1,192,3.S2 s v^2,443 71l! 133 547,643 + 10.5 + 4.6 -1.6 0.0 +6.9 112 114 115 101 112 122 1V21 1921 1 i i I ! j 131 US 141 112 122 1» i:>9 120 115 i 135 ji + 1 7 . 3 +3.1 l.'O 123117 ! 145 ' + 2 ( . 3 +5.4 -1.8 138 j! + 1 7 . 6 139 124 +3.0 115 :• +11.0 120 101 -0,3 121 !j +10.6 12* : 119 1 143 , 133 142 j +10.8 +10.1 > ' f ' Banking Debits to individual accounts: New York City mills, of d r i b . . 20,73-t 13.152 , Outside New York City...mills, of dolls- : 13,23* 19,747 Bank clearings: i New York City mills, of dolls.. 19,291 21.555 I 17,7.^0 Outside New York City...mills, of dolls..! 15,901 IS, 024 ; 17,036 Federal reserve banks: ; Bills discounted mills, of dolls.. 223 j $*4 2fiO Notes tn circulation mills, of dolls.. 1,730 1,707 2,22.^ Total investments mills, of dolls.. 668 i Total reserves mills, of dolls.. 3,132 i 3,15(5 Total deposits mills, of dolls.. 2.21S ' 2.196 | Reserve ratio per cent.. 76.3 sa4 ' 7S.G ! Federal reserve member banks: Total loans and discounts..mills, of dolls.. 12,764 :! 12,677 Total investments mills, of dolls.. 5,5.51 5,331 4.&V) Net demand deposits mills, of dolls.. 12,022 12, €30 11,158 Interest rates: New York call loans per cent.. 2,45 2.13 4.70 Commercial paper, 6 M ) days... per crnt.. T X 3.13 5,13 a 13 Saving deposits, by Federal reserve districts (balance to credit of depositors): Total, 84S banks thous. of dolls.. 7,133.008 7,152.877 6,703.325 Boston, 64 banks thons. of dolls.. ll.2B3.MO '1,2*8,465 il.20t.32fi New York, 30brinks...thous. of dolls.. •2,002,659 2,001.636 Philadelphia^ banks.thous. of dolb.. 491. SOS 435.053 :i 461,935 Cleveland, IS banks...thous. of doll?,. 4S3,342 483,511 ! 441,103 Richmond, 91 hanks..thous. of dolb.. 323,350 325.899 ! 2VO.7W Atlanta, % banks thous. of dolls.. 22\71O 228.510 I! 21S, 309 Chicago, 209 banks thous. of dolls.. 902,737 910. &32 ii 872,155 St. Louis, 32 banks....thous. ordolb.. 13A. 247 141.036 '! 131.741 Minneapolis, 15banks.thous. of dolls.. 92,078 03,444 90.043 ' Kansas City, 56 banks.thous. of dolls.. 10&,CHi 104,422 105,819 Pallas, 65 bank? thous. of dolls.. G7,*n5 67.8-19 ; . " f.1.517 San Francisco,72 banksthous. of dolls.. 1,029.779 1,026,093 ; 95.% 447 U. 8. Postal Savings thou3. of dolls.. 133, 94S 134,3SS !. 133,157 » New York State Savings > \ banks thous. of dolls.. 3,302,442 3,308,534 | + 14.4 + 2. 2 as ( in : iof> 225 |- 2TA '. 25S 1913 + I + R . 5 17.51 j| +14.7 +5.9 \\ +11.9 + 21.7 ii + 1 3 . 3 +5.8 if 45 1919 1919 45 145 100 152 ! 1919 iwi 1WI 1S»19 ; inn 135 103 41 W :o 146 101 152 ' ! . 15 07 90 UU i 112 ; 165 12 67 135 143 115 157 ' 14 , f7 , , 100 , 140 . Ill ; ic-1 1KJ0 1913 1913 US 93 137 [ 335 33o - 1 4 . 2 -74.8 i- + 2 . 1 -20.6 t +20.1 + 170.0 -1.8 j, - 0 . S M + 1 0 + 13.2 +13 |: - 1 . 9 ; 107 i; +0.7 lit, i. +4.1 122 +2,3 100 i 103 ; i w 135 !i 148 ! 151 100 116 i 117 143 I 6* i 93 I i j ! 1M0 123 - 123 !. 130 I 130 131 116 i 121 : 122 • 122 124 122 j 129 i 129 i 131 1020 1W0 118 11* j 126 ! 12fi ; 120 139 i 130 140 1920 141 ! 143 143 i2j: 19-20 135 KV» 1920 129 ! 120 120 120 ! 120 1IG 1SC0 115 i 153 153 •: 153 1920 144 145 127 12S 1620 135 , 135 129 137 I3G 149 149 : 151 1920 1913 i 111 119 274 314 S3 j &i ; 100 - 213.1.17 1S7.275 • -fO.5 . 431 +6.9 +22.5 +15.8 74 ; +1,18 -4ft. 3 -3S.7 67 H 0.0 0 0 132 i; 122 ! : 131 i! 127 i 142 ' 115 i: 135 t: 121 JM 129 130 151 147 +0.3 +0.4 145 . 146 147 331 \ 337 337 i 333 | 159 ' 169 -0.1 +0.7 +1.3 +0.8 -0.1 +0.0 +2.0 +0.4 -3.5 +0.1 -0.4 +0.3 151 ' 192 ;, +0.2 +.7 +5.3 +6.9 +7.2 + 11.0 + 12.1 +4.7 +4.4 +7.0 +2.7 +1.3 +10.3 +7.4 +0.9 TREND OF BUSINESS MOVEMENTS-Continucd NUMERICAL DATA NOT*.—Pau <T, t u :*::«::,{ I U - J t.v the pcriol Mar. J^". tit .K*; u^t*--, 1^4. rr;&y befcu^'l Ja li-r NottniU-* c;u^r.^-J) terue ol the ifvfctir (No. **•. i ) c u u * j «t ;>!&&*• Per cent increase ( + ) or decrease (—) • Perct. increase UJ&* with Knur** x;f XIK £lt ca in l!;*l Issue. CUMULATIVE TOTAL FHO« JJLXVART I , , , T1IEOCGII LATEST j CUlnu MONTH 1 lative |j Con*. 1124 1 tT^,4, Sfondia r xnoaib, ; Scptcm: beror ii October, October j; 1B23 / n fnonj ro*r« ,Vor<mtrr /Iguru art natr alLaM* and m«jr b* found In the tct>4* on pop* U ira 1924 , from : 1V^ ii2i BANKING AND FINANCE FubUc 21.S01 rr.:b S<:77 il.713 230.301 4&S, 253 2, &07,3?1 3.061,077 -6.1 4A5.CKI3 ; 2,705,356 +12.8 • -9.7 4.SS0 4112 43.27 I LUMJii y.,(M •; 73,302 : 437,450 ! r, f. 19 I IM2J • 4, s s : = t? t ] 3ft 17,413 2,7^3 , 40^822 i +C 2^2, S2S 104,657 3?, M I t +12.0 ! -Z7 j +14.6 1 411 ' i.iv. : +11.5 ; +9.9 1 +8. I +57.8 4,372 11, «W 8 1.110 65 I j»f4n-n-.:j ..iri-ri>.cif<i:r.ii.. +C.3 rr.. Tf'^! r.r;: Ir. ! ; v ^ r ; : r r , : - r--r;^ . . ! J.:r.;t. ( ,f .y.;i- f.;; M ; f * l T:>.*u*;.; *y, r ; : V. c,f ^ ' . ^ r . . f f ,)•• I' . . +4.2 +3.5 +3.4 +1.3 ^*, 4JA , ?fn i £07,745 27, f,2 si. M 27fi»fl70 72,270 73,191 134 i 93 : 114 15S I 72 i- 114 96 127 | ! 126 1S4 \ 119 ' N m («pttAJ tttur* Total OnfjK.-nH ";n:j f rrTDTikr- r,%\ c%t S>tr fAf..t*] Ii*fHT)l:rir Kini of \?,tvt'» ih-w. t,'. ^'.:ii.. rr^, l;,;f:i \Ztrr,i ToUI onrfrfra.Ur>n» f J'^TT^; .**£!, ISO 3.1101 1 t-'7t 32-> :^4,O32 ; 24C44C 2,900,320 ! 2,711,GG8 i $2.4f,2 7.2^7 FWli. _ 17». 2S* IS041 101J9S n,\S41 704.000 90i,CS0 ! 1,223,742 i +3,1.3 4M.614 ' a%l,9^9 +50.0 7,603,172 ! 5,845,770 -23.1 <,/ O.T1»TR#tf,, l V r t , V9tmh7i*T,l * N« T< *1^"* Tot*] r Ji«f»j . ofrt^li^ fM1 14.079 7,514 t U' .V). 445 rrfrt'^1J rt:i J f !.*>.-«». of ^ o of *5f# 39 t 2, CKA 037 , , ! +30.9 % 013,2&.V 2,402, 514 j +19.3 -8.4 34.%6S7 IAI.723 153,973 j 1W.0I9 I - 4 2 , 4 139,303 ' - 1 3 - 9 £9,716 -I - 6 7 . 5 617 1Z007 7,417 f»,216 79,528 i 1,014,003 8,163 ! - 3 2 . 0 25,621 ; - 6 3 . 0 -39.3 61^333 29. M0 14,43« 15,223 l,eiS ; S31 I 4,0^ i 149 1,168 15,071 8,943 KM* 83,205 -98.3 -93.0 -Si. 9 47,321 L s i 73 41,139 305.041;;. 21.257 27.133 L. 17S,9S9 '.. ZTM '• 7n tji-ru. of d-> 2, 6.V>. 015 • +2fi. 6 443.&S6J - 0 . 2 419,044 rtu and Bond* J11 73 70 2S 101. 78 ^7.06 i ' vs.. so ! 15,809 2IZS*7 1 CumnJatifrt trr 13 rmn ! 1*9,415 197,571 |J +4.3 247.S72 ^ 14.1.5W ! l,60fi,231 i 2,205,266 ii +41.2 ; 733,699 + i a 4 7,423 4.*>. \ 3.O0l,9fi5 , +32.3 348 'I +16.8 +70.3 19 i - H . 2 i - 4 1 . 7 95 1: +10.6 ! +31.4 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY ( N O . 39). Detailed explana. tionswith sources are also given in that issue. RELATIVE Per ct. increase CUMULATIVE TOTAL PROM JANUARY 1 THROUGH LATEST MONTH or decrease BASE YEAR OR PERIOD September October Corresponding month, September or October, 1923 159 615 75 182 831 87 192 668 77 1,933 6,607 1,322 1,907 6,902 981 —1.3 +4.5 -25.8 1913 1913 1913 774 1,012 860 8,545 S,S09 +3.1 1913 1924 In many cases November figures are now available and may be found in the special table on page 23 1933 1924 lative 1924 from 1923 XUMBEKS Per cent increase ( + ) or decrease (—) Oc- 1924 October tober, 1924, from from • Sep- temb er October, 1923 +14.5 +35.1 +16.0 -5.21 +24 4 +13.0 BANKING AND FINANCE Life Insurance (Association of Life Insurance Presidents) Policies, new (45 companies): Ordinary thous. of policiesIndustrial thous. of policies.. Group number of contracts. Total insurance...thous. of policies and contractsPolicies and certificates: Total..number (policies and certificates). Group insurance—.number (certificates).. Amount of new insurance (45 companies): Ordinary thous. of dolls,. Industrial thous. of dolls., Group. thous. of dolls., Total insurance.. 1 . thous. of dolls., Premium collections (45 companies): Ordinary thous. of dolls.. Industrial thous. of dollsGroup - . . . - . . t h o u s . of dolls.. Total Admitted life insurance assets (41 companies): Grand total mills of dolls.. Mortgage l o a n s Total mills, of dolls,. Farm mills, of dolls.. Allother mills, of dolls.. Bonds and stocks (book values): Total .mills, of dolls.. Government mills, of dolls.. Railroad mills, of dolls.. Public utilities mills, of dolls.. All others mills, of dolls.. Policy loans and premium notes mills, of dolls.. Other admitted assets..mills, of dolls.. 240 235 218 199 227 176 157 160 162 219 1540 J2280 1420 1500 1740 160 187 170 170 168 220 788,072 1,083,207 13,906 70,805 +30.7 +17. T +37.5 +409.2 +2.3+30.5- 436,618 145,052 19,369 601,038 501,459 198,461 131,134 831,054 490,360 152,061 9,828 652,249 5,035,519 1,420,018 269,881 6,725,417 5,347,025 1,586,944 375,173 7,309,138 +6.2 +11.8 +39.0 +8.7 1913 1913 1913 1913 307 241 1232 298 105,965 33,811 2,148 141,924 109,188 33,405 3,025 145,617 98,241 30,697 2,174 131,112 976,390 1,088,997 230,683 318,327 19,664 24,640 1,278,739 1,431,963 +11.5 +13.4 +25.3 +12.0 1913 1913 1913 1913 218 252 290 255 272 280 254 285 285 302 314 310 4708 6039 i7997 6497 5967 8403 229 263 295 270 285 203 8,231 8,297 7,583 1923 102 102 110 110 111 112 3,227 1,433 1,794 3,263 1,439 1,824 2,829 1,312 1,517 1923 1923 1923 104 103 104 105 104 108 117 112 122 119 113 124 120 114 125 121 114 127 3,453 1,092 1,883 381 97 3,469 1,085 1,899 3,343 1,195 1,775 293 81 1923 1923 1923 1923 1923 100 98 101 102 105 100 93 101 104 105 103 90 106 131 125 103 90 107 134 126 104 90 108 135 126 104 89 109 138 127 +1.7 +0.5 -0.6 +0.8 +1.8 +1.0 +3.8 -9.2 +7.0 +32.4 +21.0 1,012 539 1,017 548 946 464 1923 1923 101 99 102 101 103 118 108 117 109 117 110 119 +0.5 +1.7 +7.5 +18.1 487,944 180,485 106,181 84,217 62,616 64,445 572,184 224,325 124,841 93,489 69,226 60,303 20,734 18,233 22,506 20,912 19,152 19,747 196,332 186,431 19,291 15,904 21,585 18,024 17,730 17,036 176,452 156,601 260 1,730 668 3,156 2,196 80.4 223 1,767 802 3,132 2,218 78.6 884 2,225 297 3,191 1,959 76.3 1919 1919 1919 1919 1919 1919 12,677 5,331 12,630 12,764 5,551 12,922 11,943 4,530 11,158 1921 1921 1919 2.13 3.13 2.45 3.13 4.70 5.13 1913 1913 133,998 263,800 002,659 491,805 483,342 323,350 228,710 90.2,737 138,247 92,078 109,686 67,805 029,779 133,948 152,877 268,465 001,536 495,093 489,511 325,899 228,510 910,032 141,026 02,444 105,819 67,849 026,093 134,388 703,325 204,326 871,644 461,935 441,103 290,783 218,209 872,155 131,741 90,043 104,422 61,517 955,447 133,157 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1913 130 122 129 126 139 143 136 120 153 127 135 149 146 337 1913 189 ' 189 191 304 350 +14.9 342 374 293 260 273 279 382 +36.8 566 1805 1322 1116 7554 +577.0 331 357 329 305 422 +38.3 +27.4. +11.1 -1.2 +8.8 +40.8 +39.1 +2.6 +11.1 +3.0 +0.8 +9.4 +15. S +9.7 +20.2 {Life Insurance Sales Research Bureau) Sales of ordinary life insurance (81 companies): United States total thous. of dolls.. Eastern manuf. district...thous. of dolls.. Western manuf. district...tbous.. of dolls.. Western agric. district tbous. of dolls.. Southern district thous. of dolls.. Far Western district thous. of dolls.. +5.5 +10.5 +4.6 -1.6 0.0 +6.9 213,157 187,275 +8.6 +0.5 1919 1919 201,810 160,075 +14.4 +2.2 +3.1 +17.3 +24.3 +5.4 -1.& +17.6 +3.0 +11.0 -0.3 +10.6 +10.8 +10.1 1921 1921 1921 1921 1921 1921 1913 1913 554,773 5,432,132 5,729,192 212,757 2,083,548 2,303,036 127,070 1,192,382 1,246,806 90,734 897,226 882,443 69,436 711,133 711,028 54,776 547,843 585,879 Banking Debits to individual accounts: New York City mills, of dolls.. Outside New York City...mills. of dolls.. Bank clearings: New York City mills, of dolls.. _ Outside New York City...mills, of dolls.. Federal reserve banks: Bills discounted mills, of dolls.. Notes in circulation mills, of dolls.. Total investments mills, of dolls.. Total reserves mills, of dolls.. Total deposits mills, of dolls.. Reserve ratio per cent.. rederal reserve 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.. Commercial paper, 60-90 days-_.per c e n t Savings deposits, by Federal reserve districts (balance to credit of depositors): Total, 848 b a n k s . . . thous. of dolls.. Boston, 64 banks thous. of dolls.. New York, 30 banks...thous. of dolls.. P h i l a d e l p h i a ^ banks.thous. of dolls.. Cleveland, 18 banks thous. of dolls.. Richmond, 91 banks-.thous. of dolls.. Atlanta, 96 banks thous. of dolls.. Chicago, 209 banks thous. of dolls.. St. Louis, 32 b a n k s . ^ t h o u s . of dolls. Minneapolis, 15 banks.thous. of dolls. Kansas City, 56 banks.thous. of dolls Dallas, 85 banks thous. of dolls" San Francisco,72 bankstbous. of dolls. U. S. Postal Savings thous. of dolls New York State Savings banks thous. of dolls.. 302,442 3,308,534 +8.5 +17.51 +5.9 +14.7 +11.9 +21.7 +5.8 +13.3 -14.2 -74.8 +2.1 -20.6 +20.1 +170.0 -1.8 -0.8 +1.0 +13.2 +3.3 -1.9 +6.9 +0.7 +4.1 +22.5 +15.8 +2.3 +13.8 -48.3 0.0 -38.7 83 +0.3 ±8f +0.8 -0.1 +0.9 +2.0 +0.4 -3.5 +0.1 -0.4 +0.3 192 +0.2 +6.7 +5.3 +6.9 +7.2 +11.0 +12.1 +4.T +4.4 +7.0+2.7 +1.& +10.3+7.4 +0.9> 45 TREND OF BUSINESS MOVEMENTS—Continued O . — D a t a on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY ( N O . 39). Detailed explanations with sources are also given in that issue. NUMERICAL DATA t> CUMULATIVE TOTAL CorreFROM JANUARY 1 sponding THROUGH LATEST month, MONTH 1924 In many cases November figures are now available and may be found in the special table on page 23 Septem- October ber BANKING AND FINANCE-Contlnued Public Finance Government debt: Interest-bearing mills, of dolls. Total gross debt mills, of dolls.. Short-term debt mills, of dolls.. Customs receipts thous. of dollsTotal ordinary receipts.! thous. of dolls., Expenditures chargeable to ordinary receipts thous. of dolls. Money in circulation: 1 Total mills, of dolls. Per capita .dollars. Business Failures Liabilities: . Total commercial thous. of dolls.. Manufacturing establish* ments thous. of dolls. Trade establishments thous. of dolls. Agents and brokers thous. of dolls.: Firms: Total commercial number., . Manufacturing establishments..number. Trade establishments number. Agents and brokers _ number. Dividends and Interest Payments September or October, 1923 1923 RELATIVE NUMBERS Per ct. increase ( 1924 or decrease (-) cumulative 1924 from 1923 BASE YEAE OB PERIOD 1923 1924 October from Sep. tember 20,978 21,242 . 8,069 49,890 255,323 21,801 22,082 8,677 51,713 495,253 465,093 230,261 2,807,391 3,106,777 -6.1 +12.8 1919 1919 1919 1913 1913 408,797 320,307 426,548 3,061,077 2,765,356 -9.7 1913 4,806 42.52 4,880 43.12 4,835 43.27 0.0 -0.1 0.0 -3.8 -3.8 -7.0 -3.5 +10.9 -21.6 +1.6 +1.4 -24.9 1913 +5.3 -54.5 1913 1913 1913 -19.8 -73.6 -7.4 +53.3 1913 1913 1913 1913 +29.9 +1.4 +14.2 -17.5 +34.3 +6.8 +57.1 +52.3 +0.3 -47.6 1919 1919 36,099 79,302 437,436 466,822 15,619 16,122 4,357 59,136 17/413 2,753 232,828 164,657 260,764 160,268 45,788 1,306 360 SS3 63 1,696 411 1,186 1,673 493 1,110 65 15,173 3,978 10,679 516 16,922 4,372 11,606 814 397,760 263,805 256,965 3,299,167 3,506,941 95,860 62,110 24,350 9,400 66,805 28,415 32,200 6,190 October, 1924, from October, 1923 20,983 21,254 8,073 49,759 487,390 19,463 10,126 4,702 Per cent Increase (+) or decrease (—) +6.7 +12.0 -2.7 +14.6 +11.5 +9.9 +8.7 +57.8 92 +0.9 -0.3 (For the following month)« Grand total thous. of dolls., Dividend payments: Total thous. of dolls.. Indus, and misc. corp thous. of dolls., Steam railroads thous. of dolls. Street railways thous. of dolls.. New Capital Issues +6.3 +4.2 1913 507,745 285,545 73,191 --3.5 --3.4 "1.3 1913 1913 1913 1913 2,656,915 445,986 +26.6 -0.2 1920 1920 547,6481 716,658 2,013,285, 2,402,514 +30.9 +19.3 1920 1920 +3.8 +58.2 +48.6 +213.4 +55.9 +136.4 + 2 9 L 7 +72.4 895,746 490,466 276,070 72,270 283,641 56,549 179,284 2,098,037 449,644 18,041 78,257 340,190 33,101 197,325 279,267 334,032 246,446 2,960,320 88,755 thous. of dolls thous. of dolls.- 128,987 thous. of dolls.. 478,680 " 82,462 > 7,267 543,490 64,965 27,625 31,500 5,840 174 -32.4 -30.3 -54.3 +3Z2 -34.1 +4.6 +2.8 +2.9 +2.2 +6.0 Total corporation ( Commercial and Financial Chronicle): Purpose of i s s u e New capital thous. of dolls.. 273,367 Refunding thous. of dolls.. 39,059 Kind of issueStocks.—.thous. of dolls.. 50,192 Bonds and notes thous. of dolls.. 262,234 Total corporations (Journal of Commerce) States and municipalities: Permanent loans Temporary loans New incorporations thous. of d o l l s - 435 2,711,668 -8.4 1913 +37.5 +55.8 901,680 1,223,742 101,193 454,614 681,969 65,841 704,000 7,603,172 5,845,770 +35.3 +50.0 -23.1 1913 1913 1913 -7.1 -94.4 +13.5 -18.5 -89.0 -22.8 291 ' .. Agricultural Loans By 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' companiesAdvancements.. thous. of dolls.. Repaymentsthous. of dolls.: Balance thous. of dolls., With cooperative market associations— . Advancements.........thous. of dolls.. Repayments.... :..___thous. of dolls.. Balance thous. of dolls.. By Federal Intermediate Credit Banks: . • Direct loans— Closed thous. of dolls... Balance end of month.thous. of dolls."Rediscounts— Closed thous. of dolls... Balance end of month.thous. of dolls-.j 14,079 8,836 5,243 17,926 10,612 7,314 29,650 14,436 15.223 345,687 161,723 183,973 199,019 139,303 59F716 -42.4 -13.9 -67.5 3,013 56,802 125 '6,434 50,443 617 7,417 79,528 12,007 69,216 1,014,003 8,163 25,621 615,333 -32.0 -63.0 -39.3 1922 1922 1922 None. 2 1,267 None. 1,229 1,618 831 4,055 8,943 16,666 33,205 149 1,168 15,071 -98.3 -93.0 -8L9 1922 1922 1922 7,172 31,443 11,928 41,139 21,257 47,321 305,041 1,805 20,831 2,536 19,670 "67786 +27.3 -39.5 +20.1 -26.5 +39.5 -52.0 1919 1919 1919 27,133 178,9S9 39 -60.9 +115.2 -11.2 0.0 17 -79.7 +12.6 -36.6 0.0 -95.3 "-376" - 6 9 . 7 +66.3 +30.8 +93.5 +40.5 -5,6 Stocks and Bonds . Stock prices, closing: " 101.78 117.29 25 industrials, average dolls, per share.. 116.73 57.06 69.63 70.28 25 railroads, average dolls, per share— 84.33 90.25 89.90 103 stocks, average dolls, per shareStock sales: 197,571 189,415 15,809 18,126 N. Y. Stock Exchange—.thous. of shares.. 18,150 Bond sales: 145,535 1,606,231 2,268,266 247,972 212,357 Miscellaneous thous. of dolls.. 733,699 664,497 77,423 45,164 Liberty-Victory. :thous. of dolls.. 52,665 Total _.: thous. of dolls.. 265,022 [293,136 ii 223,008 2,268,728 3,001,965 » Cumulatives for 11 months' period ending November. . 1913 1913 1921 +4.3 +41.2 +10.4 +32.3 177 69 100 1913 211 1919 1919 1919 152 20 51 ! +0.5 +15.2 - 0 . 9 +22.0 +0.4 +7.0 -0.1 +H.7 +16.8 +70.3 -14.2 - 4 1 . 7 +10.6 +31.4 46 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.—Data on the following Items for tbo period May, 1022, to September* 1924, may bo found In the November quarterly Issue of the SURVEY (NO. 39). Detailed explanations with sources arc also given In that Issue. Corresponding month, Soptembor or October, 1923 October 1924 In many COMC$ November figures are now available and may be found In the tpeclal table on page 23 September CUMULATIVE TOTAL FROM JANUARY * THROUGH LATEST MONTH 1923 1924 Tor ct. increase { V or decrease <-) cumulative 1924 from 1923 RELATIVE NUMBEKS BASE YEAR OR PERIOD 1923 1924 Per cent incrcaso (+) or decreaso (-) October from September $s October, 1924, from October, 1923 BANKING AND FINANCE-Continued j Stocks and Bonds—Continued j Bond prices: j Highest-grade rails .p. ct. of par, 4% bond..1 Second-grade rails.p. ct. of par, 4% bond.. Public utility p. ct. of parf 4% bond.. Industrial p. ct. of par, 4% bond.. Comb, price index.p. ct. of par, 4% bond.. 5 Liberty bonds .—.p, ct. of par.. 16 foreign governments and city p. ct. of par.. Comb, prlco index, 66 bonds.p. ct. of par.. Municipal bond yield ...per cent.. Gold and SUver Qold: Domestic receipts at mint lino ounces.. Rand output tbous. of ounces.. Imports thous. of dolls.. Exports thous. of dolls.. Silver: Production thous. offlnoozs.. Imports thous. of dollsExports tbous. of dolls.. Price at Now York dolls, perflnooi._ Price at London...pence per standard oz.. FOREIGN EXCHANGE B A T E S 86.47 7169 60.04 73.42 75.40 102.60 103.68 07.00 4.11 86.67 74.36 70.10 73.75 75.74 102.08 82.46 66.29 64.75 71.25 70.50 98.20 1915 1915 1915 1915 1915 1921 103.67 07.13 4.11 99.45 03.01 4.39 1921 1021 1913 0.0 0.0 0.0 106,010 700,000 6,656 4,580 5,524 7,083 10,345 [694 34.832 127,184 827,583 19,702 4,125 5,620 5,829 0,465 !709 35.387 1913 1913 1913 1913 +106.0 -33.9 4.46 .053 .014 .019 .385 .266 .189 .412 .329 4.40 .052 .044 .018 .391 .266 .192 4.52 .060 .045 .051 .391 .204 .179 Par Par Par Par Par Par Par +0.7 -1.9 0.0 -2.0 +1.6 0.0 +1.6 .388 .337 .488 .311 Par Par -5.8 +2.4 -0.7 -13.3 -2.2 -5.9 0.0 +0.8 +7.3 -20.5 +8.4 .099 .800 .101 .101 1.000 .830 .112 .111 .086 .737 .095 .118 Par Par Par Par Par Grand total thous, of dolls.. 287,137 By grand divisions: EuropeTotal thous. of dolls03,030 France thous. of dolls. 12,630 Germany thous. of dolls. 13,157 Italy thous. of dolls.. 6,745 United Kingdom thous. of dolls., 32,700 North AmericaTotal thous. of dolls.. 73,935 Canada thous. of dolls.. 31,207 South AmericaTotal thous. of dolls.. 30,633 Argentina thous. of dolls.. 5,455 Asia and Oceania— Total 1 thous. of dolls.. 81,554 thous. of dolls.. 35,588 # Japan Africa, total thous. of dolls.. 3,064 By class of commodities: Crude materials for use in manufacturing thous. of dolls.. 96,325 Foodstuffs in crude condition and food animals thous. of dolls.. 29,163 Foodstuffs, partly or wholly manufactured thous. of dolls.. 38,514 Manufactures for further use in manufacturing thous. of dolls.. 53, W3 Manufactures ready for consumption thous. of dolls.. 66,414 Miscellaneous thous. of dolls.. 4.667 Exports Grand total, including reexports thous. of dolls.. 427,636 By grand divisions: EuropeTotal thous. of dolls.. 235,720 France thous. of dolls.. 28,217 Germany thous. of dolls.. 44,381 Italy thous. of dolls 14,589 United Kingdom tbous. of dolls 96,662 310,708 308,291 2,312,428 2,980,740 106,559 14,110 13,753 0,026 36,525 75,109 33,774 105,673 15,917 15,727 9,243 32,823 970,508 123,672 134,170 72,786 347,443 86,904 37,850 42,103 4,745 29,308 4,128 Europe: England dolls, per £ sterling. Franco ...dolls, per franc. Italy dolls, per lireBelgium ...dolls per franc. Netherlands dolls, per guilder. Sweden dolls, per krone. Switzerland dolls, per franc. Asia: Japan dolls, per yenIndia dolls, per rupee. Americas: Canada dolls, per Canadian dolL Argentine dolls, per gold peso.. Brazil dolls, per mllreis. Chile dolls, per paper peso. General index foreign eich index number. U. S. FOREIGN TEADE 809,317 885,500 89,549 793,842 7,573,572 7,929,620 289,584 250,317 29,795 1,307 27,185 15,234 5,428 6,020 55,696 01,012 54,172 52,912 61,600 89,210 7,523 .036 31.718 +9.4 +4.7 +15.7 -43.8 -6.0 + 1.0 +64.7 +1.0 +5.4 0.0 +11.4 0.0 +8.0 +0.1 --4.0 +1.0 --7.6 0.0 --4.8 92 +3.7 +4.6 -7.1 +10.0 +42.0 +3.6 +4.3 - 9 . 0 +215.6 +L7 +3.5 -17.7 —'15.9 - 8 . 5 +25.8 +Z2 +11.5 +1.6 +11.6 1913 1913 1913 1913 1913 +0.1 +1.4 +4.5 +13.4 +10.0 +17.9 +0.7 - 5 . 9 0.0 - 3 . 2 Imports 100,113 +8.2 +0.8 -7.2 1913 170 206 887,683 119,477 114,688 57,035 291,443 -8.5 -3.4 -14.5 -20.4 -16.1 1913 1913 1913 1913 1913 118 91 90 126 115 111 96 77 89 114 860,244 341,616 854,730 327,565 -0.6 -4.1 1913 1913 205 280 216 256 36,080 . 5,280 305,348 107,350 370,086 64,480 -3.9 -39.9 1913 1913 168 187 203 201 +7.7 +0.8 +11.8 -11.3 +4.5 -12.6 +57.1 - 2 . 4 +11.7 +11.3 +1.6 -13.6 +7.9 -10. S +37.4 +13.9 -13.0 -10,3 75,890 24,430 2,843 011,924 285,313 74,404 801,312 272,058 67,023 -12.1 -4.6 -23.4 1913 1913 1913 270 320 144 256 359 144 +1.6 +9.2 -17.6 +20.0 +34.7 +45.2 92t273 1,187,993 097,002 -16.1 34,055 287,234 346,725 +20.7 48,060 466,360 465,050 -0.3 57,386 614,680 533,561 -13.2 1913 73,773 2,735 641,468 14,693 620,301 18,031 -3.3 +22.7 1913 1913 527,233 399,199 3,339,344 3,651,859 +9.4 1913 290,598 26,787 49,651 21,955 195,418 214,067 1,628,587 1,865,544 3a 510 210,792 217,034 32,802 331,400 256,338 19,176 140,263 129,461 89,221 740,301 657,816 +14.6 +3.0 +29.3 +8.3 +12.5 1913 1913 1913 1913 1013 +3.0 +8.5 +45.5 +24.6 +O.5 -19. 1913 56,654 70,574 2,319 102 203 1913 38,695 170 1913 42,443 186 -1.3 +6.8 +6.3 -50.3 184 193 134 160 207 255 -4.3 -15.2 +23.3 +32.1 +23.3 +35.8 - 5 . 1 -12.2 +11.9 +51.4 +60.5 +14-5 +29.7 +40.0 47 TREND OF BUSINESS MOVEMENTS-Continucd N U M E R I C A L DATA NOTE.—Data on the following items for th Per ct. incroisc erlod May, 1922, to September, 1924, maj o found in the November quarterly issue o <+) Detailed oxplana- tionswith sources are also given in that issue. 1924 In many cases November figures are now available and may be found in the special table on page 23 Septem ber October U. S. FOREIGN TRADE—Continued Exports—Continued By grand divisions—Continued. North AmericaTotal thous. of dolls. 112,196 133,387 Canada thous. of dolls 70,459 86,265 South AmericaTotal thous. of dolls. 24,352 32,820 Argentina thous. of dolls. 9,627 12,764 Asia and OceaniaTotal thous. of dolls. 49,415 64,195 Japan thous. of dolls., 15,765 28,927 Africa, total thous. of dolls., 5,952 6,232 Total, domestic exports only, .thous. of dolls.. 419,232 518,35" By classes of commodities: Crude materials for use in manufacturing thous. of dolls. 127,998 162,442 Foodstuffs in crude condition and food animals thous. of dolls. 65,281 100,285 Foodstuffs partly or wholly manufactured thous. of dolls., 49,617 60,330 Manufactures for further use in manufacturing thous. of dolls. 49,565 53,354 Manufactures ready for consumption thous. of dolls. 126,333 141,179 Miscellaneous thous. of dolls., 43S 767 TRADE AND INDUSTRY OF FOREIGN COUNTRIES United Kingdom Imports (value): Total thous. of £ sterling. 100,895 120,458 Food, drink, tabacco.thous. of £ sterling. 45,974 66,651 Raw material thous. of £ sterling. 27,325 37,235 Manufactured articles thous. of £ sterling. 27,027 26,043 Exports (value): Total thous. of £ sterling. 63,283 68,586 Food, drink, tobacco.thous. of £ sterling. 5,095 5,864 Raw material.... thous. of £ sterling. 8,214 8,659 Manufactured articles thous. of £ sterling. 48,870 52,836 Reexport (values): Total thous. of £ sterling. 9,566 12,931 Food, drink, tobacco.thous. of £ sterling., 2,215 3,239 Raw material thous. of £ sterling. 4,237 6,916 Manufactured „ articles thous. of £ sterling. 3,077 2,744 Exports of key commodities (quantities): Cotton piece goods thous. of sq. yds. 360,433 364,797 Woolen and worsted tissues thous. of sq. yds. 15,726 15,521 Iron and steel thous. of long tons. 265 310 - poal thous. of long tons.. m 5,098 4,933 Production: Pig iron thous. of long tons.. 569 586 Steel ingots thous. of long tons.. 645 679 thous. of metric tons.. 22,330 25,903 o . poal stocks, zinc short tons.. 913 766 Correspondinj month, September or October, 1923 CUMULATIVE TOTAL FROM JANUAHY I THROUGH LATEST MONTH 1923 1924 89,910 51,719 921,443 560,838 919,793 531,928 21,875 8,593 226,670 97,259 258,449 96,282 68,663 27,277 4,703 392,207 511,625 549,591 191,441 192,306 51,013 58,480 3,274,038 3,572,837 or deer enso (-) cumu lativo lt/24 from 1923 -0.2 -5.2 +14.0 -1.0 +7.4 +0.5 +14.6 +9.1 +K3. A +4.7 +2.10 87 + 98 200 I 254 +26.9 - o . :>, + +3Z 6 + 32.2 + 8.4. +361.1 50,664 474,345 467,420 -1.5 1913 138 I 5 C +21. fl + 1H.1 45,980 463,892 505,905 1913 140 1 3 4 +7.0 +1G.0 123,440 573 1,243,680 4,895 1,341,350 4,992 +9.1 +7.9 +2.0 1913 1913 1 1 212 6 47 71 99,914 44,S2S 30,879 837,499 410,990 252,S78 1,030,108 400,397 316,924 +16.1 +10.4 +25.3 1913 1013 1913 23,674 213,176 247,493 639,439 34,564 110,132 657,901 45,291 88,807 +1C.1 +2.9 +31.0 -19.4 1913 71,322 4,750 11,535 1913 1013 1913 53,882 482,650 513,329 +6.4 1913 11,146 3,334 6,093 97,046 19,126 56,845 115,768 24,233 63,183 +19.3 +26.7 +11.1 1913 1913 1013 2,708 22,019 28,231 +28.2 1013 371,778 3,474,606 3,710,193 +6.8 +5.4 -9.3 -22.7 1920 1920 1913 1913 -1.0 -1.2 -3.6 -28.8 1913 1913 1913 a 1920 +12.4 1920 1913 1913 +11.8 + 14.4 +75.1 + .•».«• 113 i 176,338 3,577 66,940 825,274 10,415 20,395 10,268 12,497 25,793 14,288 8,340 22,164 29,071 30,101 92,359 121,242 54,753 95,031 157,801 -11.0 +7.9 +81.9 +2.9 +30.2 thous. oflong tons.. thous. of long tons., mills, of dolls.. 23 18 1,314 29 20 1,715 74 67 2,185 759 789 13,366 548 600 13,157 Qovt. and provincial thous. of dolls. Municipal thous. of dolls. Corporation thous. of dolls. Employment: Total (1st of following month) index number. v Newsprint paper: Production short tons., Shipments short tons., Stocks short t o n s . . - E x p o r t s (total printing) short t o n s . . Building contracts awarded . . . t h o u s . of dolls.. 88,902 6,880 2,265 1,000 1,271 3,325 40,150 2,048 17,300 151,390 83,215 101,561 225 250 I 2 185 C 20fl 254 133 WJ 90 224 765,291 764,609 112,243 111,451 22,339 99,812 21,066 1913 1913 1913 1913 1013 75,641 101,300 107,446 106,228 21,598 101,843 22,506 +34. K +.V). 0 +32.0 +4H. 5 1913 68,116 104,316 - 101 250 102 271 +0.3 63,901 82,456 busbs 1913 1913 +27.8 148,006 -"-thous-of +16.9 +22. 4 291,533 131,631 Jjsiron •n* £ , * inBots p ? S ?learinKS 160 189 135 1&0 961,637 13,966 ftodS&- +48.4 +60, S 1913 1913 859,183 15,707 Can da Total trade: " gnports thous. of dolls... Exports thous. of dolls. Exports of key commodities (quantities): Canned salmon thous. of pounds.. yjeese thous. of pounds.. from Orlobor, • < 228,143 6,211 7,076 236,054 11,290 short tons.. from tetnlk-r 21,74' 185,811 3,245 51,725 6,150 6.994 227,520 8,037 m 1024 on 1'ElUOt) 149,803 16,535 389 7,433 593 702 25,714 1,158 Production: Zinc tSASE YEAU 1 July E SURVEY (NO. 39). the Tor ctiit inn c.iso (+) or dctTciiH1 (—) 11KLAT1VK NUMllHJCri 114,475 112,996 20,123 100,722 30,078 100 234 |i +23.2 116 | 159 [! +30.3 i +20. C. +2G.4 +30. C, -3.0 + 10.0 IC3 151 145 i 157 |. +S.4 171 ! 161 18* i 210 : +1.1.1 142 ; 134 141 ! 143 ;' +5.4 +22. C -25.3 1GS 167 I 155 89 160 71 122 251 96 143 154 ;! + 8 . 1 111 ; 98 173 145 92 81 105 167 79 142 |i . 244 !1 +40.2 * 130 i +63.2 125 -10.8 +1.2 -1.9 + 10.0 -2.S +35.7 +1.3 -1.0. -1.3 -6.1 +17.0 -20.3 -33.6, -3.2 -1. +3.0 - 3 . 2 3 + +16.0 +O.7 -17.2 -34.7* 110 106' 5 +5.5 + 1 1 5 . 189 192 203 111 114 262 +6.6 +26.5 1913 1913 1913 593 158 123 +30.0 +49.8 +26.5 +16.4 +39.2 -50.8 -27.8 -24.0 -1.6 1913 1913 1913 27 21 170 193,413 70,283 91,345 +27.8 -15.5 -10.1 1913 1913 1913 2010 71 37 +26.1 - 6 0 . 8 . +11.1 -70.1 +30.5 - 2 1 - 5 . -98.9 - 9 7 . 5 , -81.6 -37.9* +46.8 - 8 0 . &• ,055,386 ,039,825 1,122,080 1,113,581 939,944 277,109 1,086,432 222,776 +6.3 +7.1 +15.6 -19.6 1919 1919 1919 1919 1913 » Nine months average, April to December, inclusive. 170 ISO 185 " Relative to January, 1920. e.99 +3.0. -1.1 -6.1 +4.5 +4.9 -1.4, +3.4 +11.0. -2.0 -0.9» -C.4 -30.0* DEPARTMENT OF COMMERCE HERBERT HOOVER, Secretary of Commerce BUREAU OF THE CENSUS BUREAU OF FISHERIES WILLIAM M. STEUART, Director HENRY O* MALLET, Commissioner Chief functions The taking of the decennial census covering population, agriculture, manufactures, mines and quarries, and forest products. Decennial report of national wealth, public debt, and taxation, including principal financial statistics of Federal, State, county, city, and township governments. Annual financial statistics of State and municipal governments, including sources of revenue, objects of payments, debt, tax levies. Decennial statistics relating to inmates of institutions, including paupers, insane, prisoners, and juvenile delinquents. A quinquennial census of agriculture, a biennial census of manufactures, a quinquennial census of electrical public utilities, including electric railways, light and power stations, telephones, telegraphs, etc. Annual statistics of births, deaths, marriages, and divorces. 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 production in an increasing number of other industries. The compilation and publication, in the "Survey of Current Business/' of monthly commercial and industrial statistics. Chief functions The propagation of useful food fishes, including lobsters, oysters, and other shellfish, and their distribution to suitable waters. Investigations of fish culture, fish diseases, and for the conservation of fishery resources and the development of commercial fisheries. The study 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 Pribilof Islands, and the law for the protection of sponges off the coast of Florida. BUREAU OF LIGHTHOUSES GEORGE R. PUTNAM, Commissioner Chief functions The establishment and maintenance of lighthouses, lightships, buoys, and other aids to navigation on the sea and the lake coast and on the rivers of the United States, including Alaska, Hawaiian Islands, and Porto Rico. The publication of Light Lists, Buoy Lists, and Notices to Mariners, including information regarding all aids to navigation maintained by the Lighthouse Service. BUREAU OF FOREIGN AND DOMESTIC COMMERCE JULIUS KLEIN, Director COAST AND GEODETIC SURVEY 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. The maintenance of commodity, technical, and geographical divisions to afford special service to American 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. E. LESTER JONES, Director 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 survey of the coasts of the United States and the publication of charts needed for the navigation of the adjacent waters, including Alaska, the Philippine Islands, Hawaii, Porto Rico, the Virgin Islands, and the Canal Zone. A comprehensive geodetic system, extending into the interior, connects and coordinates the surveys of the coasts, and is designed to furnish accurately determined points and elevations in all parts of the country. These are available as a basis for Federal, State, and municipal surveys, and engineering projects of every kind. The magnetic declination has been determined at a large number of stations throughout the country, and the results are available for the use of surveyors and engineers. The technical operations include base measures, triangulation, traverse, precise leveling, the determination of latitude and azimuth, the determination of difference of longitude by telegraph or radio, magnetic observations and researches, the preparation of magnetic maps, the determination of the force of gravity, topography, hydrography, deep-sea soundings, water temperatures, tidal and current observations. The results are published in the form of charts on various scales, annual reports, coast pilots, tide tables (published annually 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 merchant seamen. Supervision of registering, enrolling, licensing, numbering, etc., of vessels under the United States flag, and the annual publication of a list of such vesselu. The enforcement of the navigation and steamboat inspection laws and the laws governing radio communication, as well as duties connected with fees, fines, tonnage taxes, refunds, etc., originating under such laws. STEAMBOAT INSPECTION SERVICE GEORGE UHLBR, Supervising Inspector General Chief functions The inspection of vessels, the examination and licensing of the officers of vessels, and the administration of laws relating to such vessels and their officers. The certification of able seamen who form the erews of merchant vessels. The inspection of vessels, including the types of boilers; the testing of all materials subject to tensile strain in marine boilers; the inspection of hulls and of life-saving equipment. The investigation of violations of the steamboat-inspection laws.