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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
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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
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copper remained unchanged from September. Sales
of tubular plumbing goods increased slightly over z
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Zinc production showed a slight increase both over
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September and over a year ago, the 10 months' figures
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were 15 per cent less than the number operating a
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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

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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

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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.

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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

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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.

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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)




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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
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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.