Full text of Survey of Current Business : February 1926
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JNITED: STATES .';..'. • • OF COMMERCE WASHINGTON SifRVEY OF FEBRUARY, 1926 No., SEMIANNUAL NUMBER COMPILED BY : ' ' ' ' " ' ' ' " ' . • • , ' F THE CENSUS - > / : / ; .'- - .'; AND DOMESTIC GOMMERGE OF STANDARDS '.V;''1-?;'. . : , ' . ' V : \ I •.. ' IMPORTAWF NOTtCE ' '-. : • -• ' - - . . . _ - . !/* addition to figures gi^fraty Covenant sources^, there are also incorporated for completeness of xer&ce figures from oili& source* generally accepted by ike trades, the autitority one? nsp ,: : ; • far wh&h me fated in the "Sources of Data" w Subscription price cif tBe Sw^ir OF Ct^JOiENT BxjsiriBSS h $1.50 a year; single copies (monthly^ 10 <$nt?; semfannilial |s^^JS;c^ts. fdrieiln subsc^pttons, $2.25^ singly copies (monithly issues), induing po^ta^e, 14 cents} semiatmiiri fesi^, $6lse^ : §ab^riptioii\prfce qf COMMBRCB RE^RT^ is $4 a year; with the SURVEY, J&'SO ^ year. Make reiiiiittahee§ ^Iy to Superintendent of Documieiiits, Washirsgton, D, C:» by postal njbney order/ express^ order,ot ffew •• /; f 5 Y^rk;dwft^^ Postage>tamps pr foreign money not accept. INTRODUCTION The SUBVEY OF CURRENT BUSINESS is designed to per cent over the> base period, while a relative number resent each month a picture of the business situation of 80 means a decrease of 20 per cent from the base. y setting forth the principal facts regarding the variRelative numbers may also Be used to .calculate the ous lines of trade and indtistrv. At semiannual inter- approximate percentage increase or decrease in a move* vals detailed tables are published giving, for each item, ment from one period to the nekt. Thtis, if a jtelativei monthly figures for the past two years and yearly com- number at one month is 120 and fof *i later i&onth it parisons, where available, back to 1913; also blank is 144 there has bsei^ an increase of 20 per cent. lines sufficient for six months have been left at the In many instances comparable figures for the prebottom of each taible enabling those who care to do war years areJiot available, a&d in such cases the year :so to enter new figures as soon as they appear (as 1919 has usuafly been taken a^ the base* For sope, in, the present semiannual issuq). In the intervening industries 1919! can not be regarded as a proper base, months the more important comparisons only are *due to extraordinary conditions in the industry, and given in the table entitled "Trend-of business move- some more representative period his been chosen. ments." In many cases relative numbers of less importance have been temporarily omitted, ^" > ADVANCE SHEETS Most of the felative numbers appear in i special section of tie ^miannual issues, as ifl Tables 107 to .,' Realizing that current statistics are highly perish- 127 of the present number, thiis allowing e^sy comable and that to be of use they must reach the business parison on a |>E€HWar base for all itenas toy whieh man at the earliest possible moment, the department relatives could b^ computed* ; lt has arranged to Distribute/advance leaflets every week to subscribers in the United, States. The leaflets ;'/' '/' INDEX NUMBERS' -• . '^ '* are usually mailed oft Tuesdays and give such i&fdTWhen two or more series of relative mimbers are ;matiqn as has been received during the preceding week. The information contained in these leaflets is combined by a /system of. weigljtiiigs 1&e resulting also reprinted in "Commerce Reports,'' issued weekly series is denominated jam index number* The ^index by the Bureau of Foreign and Domestic Commerce. number, by combining majiy iMitiye numbera^ The monthly bulletin is distributed as quickly as it designed to show the trend of an ep^re group of industries or for the country a!s a whole, instead of for eafc. Be completed And printed, the single commodity or industry^hich the relatite niimber covers. Comparisons with the Base fear or BASIC DATA with other periods are made in the same manner as in .Tlie|igures reported in the accompanying tables are the case of relative!numbers. very largely those already in existence. The chief RATIO CHARTS function of the,department is to bring together these data which, if available at all, are scattered in hunIn many instances the charts used in the •dreds of different publications. A portion of these OF CtrBKENT BTOiipras are of the type termed " Ratio data are collected by Government departments, other Charts" (logarithmic scale), notably the Business ^figures are compiled by technical journals, and still Indicator charts opt psige 2, These charts show ,the others are reported by trade associations. percentage increase ^rid #Ilow direct comparisons between the slope Jof one curve and that of any other RELATIVE NUMBERS curve regardless of its location OB the diagram; that To, facilitate comparison between different items and is, a 10 per c^nt increase, in an item is given the same render the trend of a movement more apparent, rela- vertical movement Whether its cutve is nea£ the bottive numbers (often called ** index pumpers," a term tom or near the top of the chart. referring more particularly to a special ki&d of number The difference between this and the ordinary form described below) have been calculated! The relative of a char^ can be made clear by an, £xteij4e. If a numbers enable the reader to see at a glance the certain item, having a relative dumber of 400 in one general upward or downward tendency oi a moVe- month, increases 10 per cent in the following mohth^ ment which can not so easily be grasped from the its relative number will be 440, ap^ *>n && ordinary ch&rt would be plotted 40 equidistanct scale points actual figures. In computing these relative numbers the last pre- higher than the .preceding month. Another move"w^r year, 1913, or in some instances a five-year aver- ment with a relative number of, say, 50 also increases age, 1909-1913, has been used as a base equal to 100 10 per cent, making its telative number 55. Oti the ordinary (arithmetic) scale this item would ris^ only 5 wherever possible. The relative numbers are computed by allowing the equidistant points, whereas the previous item rose 40 monthly average for the base year or period to equal points, yet each showed the sam^ berceafca^ increase. 100. If the movement for a current month is greater The ratio charts avoid tWs difficulty and give to each -than the base, the relative number will be greater than of the two movements exactly the same vertical rise 100, and vice versa. The difference between 100 and and hence the sloped of the two Knes are directly the relative number will give at once the per cent comparable. The tatio charts efom£are percentage increase or decrease compared with the base period, changes, whUe the arithmetic charte compare absolute ; , %\ a relative number of 115 means an increase of 15 changes^ S This issue presents practically complete data for the month of December arid also items covering January, 192$f received up to February 15; As most data covering a particular month's business are not available until from IS to SO 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 IS days after its close, and present every week the latest data available* , UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS 1926 FEBRUARY No. 54 CONTENTS TEXT MATERIAL DETAILED TABLES Page 1 Preliminary summary for January Course of business in December: General conditions 9 Summary of indexes of business 10 Review, principal branches, industry and commerce-- 13 GENERAL CHARTS Business indicators 2 Wholesale prices in January 4 Graphic summary of commerce and industry in 1925, by quarters 6 Production, stocks, and unfilled orders 10 Wholesale prices of raw materials, producers' goods, and consumers' goods 11 General index of employment in manufacturing industries- _ 12 GENERAL TEXT TABLES Business indicators 3 Wholesale price comparisons 5 Statistical summary of commerce and industry: 1921-1925. 7 Business summary 1 9 Indexes of business (production) 25 General indexes of business activity (Tables 1 to 5) Textiles (Tables 6 to 11) *_ Metals and fuels (Tables 12 to 26) Rubber, leather, and paper (Tables 27 to 35) Building construction (Tables 36 to 45) Chemicals and oils (Tables 46 to 52) Foodstuffs and tobacco (Tables 53 to 65) Transportation and labor (Tables 66 to 79) Distribution, banking, and finance (Tables 80 to 99) Foreign exchange and trade (Tables 100 to 106) Page 26 31 37 51 60 70 77 90 104 124 RELATIVE NUMBERS (1913 = 100) Textiles, metals, and fuels (Tables 107 to 112) Rubber, leather, paper, and lumber (Tables 113 and 114)__ Foodstuffs, chemicals, and building materials (Tables 115 to 119) Tobacco, transportation, and automobiles (Tables 120 and 121) Finance and foreign trade (Tables 122 to 127) 131 137 139 144 146 INDEXES Sources of data General index 152 156 PRELIMINARY SUMMARY FOR JANUARY Early reports for January indicate increased industrial activity over December, gains being shown in the production of pig iron, steel ingots, zinc, and northern pine lumber, in the deliveries for consumption of tin and silk, in the grindings of corn, and in shipments of railroad locomotives and of electric industrial trucks and tractors. Douglas fir lumber output declined. The same comparisons hold good with January, 1925, except that pig iron and steel ingots declined in production. Unfilled steel orders on January 31 declined from both the previous month and a year ago, and fewer iron furnaces were in blast than at either previous period. Locomotive unfilled orders, though less than on December 31, were higher than a year ago. Retail trade in January was seasonally lower than in December but higher than a year ago, as shown by returns from mail-order houses and 10-cent chains. Postal receipts and check payments outside New York City showed similar comparison, while New York 79396—26 1 payments increased over December as well as over a year ago. The price trend in January was generally to higher levels than in December, especially in the farm products, food, and fuel groups, while the clothing and metals groups tended to decline. The most striking changes were an advance of 64 per cent over December in the price of coke and a decline of 21 per cent in the price of rubber. Business failures increased over December in a seasonal movement but were less than a year ago in both number and liabilities. New incorporations increased over both periods. Interest rates on commercial paper averaged the same as in December while the call money rate declined. Stock prices averaged higher than in December but the volume of transactions was smaller than in either the previous month or a year ago. The Federal reserve ratio was higher than at the end of December but lower than at the end of January, 1925. BUSINESS INDICATORS: 1920-1925 [Ratio charts—see explanation on inside front cover. Except for "Net freight ton-miles," latest month plotted is December, 1925; November is latest plotted for "Net freight ton-miles," while the curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for the varying number of working days] 1920 182! ! S 9 2 2 I923 1 1924' 1925 1920 1921 1922 1923 I924'l92§ RELATIVE TO !9!9 AS 100 RELATIVE TO 1913 AS 100 300 ZHJ300 BANK DEBITS, 141 CENTERS 200 PRICES 25 INDUSTRIAL STOCKS 200 — ^.JjNTEREST RATES, COMMERCIAL PAPER 1 . 100 80 60 i i ' WHOLESALE TRADE, 6 LINES 1 I^Su~^ ^+ S*&^L\ i 1 WHOLESALE PRICES (DEPT. OF LABOR) DEPT STORE TRADE (359 STORES) MAIL-ORDER SALES (4 HOUSES ) ^ ! FARM PRICES (DEPTOFAGRJCULTURE) iOO 80 -GENERAL MANUFACTURING PRODUCTION 60 I (64 COMMODITIES) | 40 CD 200 -LUMBER PRODUCTION1 ( 5 SPECljES ) 1 60 40 60 UNFILLED STEEL ORDERS -AUTOMOBILE PRODUCTION_( PASSENGER CARS AND TRUCKS) 40 120 FACTORY EMPLOYMENT NET FREIGHT TON-MILES 100 -BUSINESS FAILURES'— -DEFAULTED LIABILITIES' 40 20 !920 1921 J 1922' 1923 I924'I925 fBUILDING CONTRACTS AWARDED 1 (27 STATES>—j f 1920 1921'1922 1923 1924'1925 80 60 40 20 X LJ a z BUSINESS INDICATORS The following table gives comparative relative numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of 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 numbers, compared to previous mouths, 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, February 15, January indicators have been included, thus bringing this table up to date. It should be noted that the charts on page 2 show December data as the latest plotted, except for freight ton-miles, which shows November. _._. _. ^ . IBM 1324 MONTHLY AVERAGE 1926 1 i Xov. Dec. Jan. 'Feb. 'Alar. A p r , May June, J u l y -\ug iSept. Oct. Nov. 'Dec. Jan. 1920 1921 1922 1923 1924 j 1913 monthly average=«100 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: United States Steel Corporation Stocks: Crude petroleum 3 ..,._ Cotton (total) _ Prices:1 Wholesale index Retail food Retail coal, bituminous Farm products Business finances: Defaulted liabilities Price 25 industrial stocks Price 25 railroad stocks Banking: Clearings, New York City Clearings, outside ._ Commercial paper interest rate Distribution: Imports (value) , Exports (value) Sales, mail-order Transportation: Freight, net ton-miles 120 _. 135 99 108 98 119 283 178 \ 105 I 119 j 113 | J 170 I ! 143 ] 155 j ! 226 | 203 207 _.| 205 | I 108 j 184 67 54 87 130 101 64 114 144 122 38 80 120 128 107 131 153 164 99 58 104 99 87 85 118 101 312 349 407 434 189 224 295 285 97 109 117 99 113 126 130 133 117 130 160 151 90 96 102 68 118 146 186 177 68 109 118 304 115 139 128 277 73 82 127 114 104 104 106 142 137 127 122 136 137 137 138 133 132 195 226 237 245 249 98 107 102 109 1)3 85 89 93 99 113 | 457 449 429 421 419 429 292 297 329 322 325 323 125 128 114 106 104 96 129 131 132 127 145 135 115 109 116 136 107 96 126 149 134 81 i 166 131 69 97 130 94 98 480 261 113 105 152 287 134 191 139 166 145 139 76 85 ! 89 i 69 63 60 59 100 118 118 138 154 155 132 138 131 240 20? 137 i 2 1 117 133 127 450 495 313 311 297 104 117 117 144 173 137 fl7 122 127 294 124 152 102 70 78 85 63 127 158 134 94 3 132 130 165 139 77 2 135 125 83 171 265 198 »153 I 311 369 290 125 112 129 374 jj 298 i 295 j 294 193 I 172 ' 150 | 126 294 297 296 294 103 80 61 294 289' 287 284 45 66 130 185 283 216 278 237 226 147 153 197 116 149 142 188 124 154 146 190 135 150 146 169 134 159 145 167 147 157 i 160 154 170 146 156 151 161 147 160 160 159 149 160 160 160 152 1^0 169 168 144 158 162 170 143 158 167 179 144 156 167 179 143 156 164 179 143 229 136 64 228 169 75 197 185 72 198 198 81 162 262 99 238 176 j 149 233 I 238 ; 235 96 ! 98 i 95 163 162 233 245 92 96 161 161 248 266 96 97 163 272 101 134 280 102 129 157 160 300 300 305 103 106 111 191 309 111 j 257 205 230 226 264 300 | 275 212 230 278 284 315 j 134 118 80 90 71 73 j 339 ! 267 296 323 | 273 309 290 302 305 297 256 308 297 317 323 293 72 70 70 71 72 276 313 78 329 298 342 344 353 319 348 341 80 79 79 79 66 ! 140 177 212 201 236 181 154 168 185 198 188 204 259 284 327 105 115 139 I i | | 161 151 172 146 I 161 i 151 I 169 | 151 66 : 71 155 152 159 146 157 156 158 148 250 252 266 237 216 226 464 396 473 224 232 \ 223 i 258 i 233 233 219 218 218 228 234 214 | 216 | 179 219 156 | 193 193 : 179 184 184 203 411 308 ! 299 318 i 322 322 262 271 248 255 309 131 — - 139 128 135 ! 123 I 129 123 123 136 131 139 153 161 151 277 193 336 149 _ 1919 monthly average-100 Production: Lumber» Building contracts _ Stocks: beef Pork Business finances: Bond prices (40 issues) Banking: Debits outside New York City. Federal ReserveBills discounted Total reserves Ratio I 102 _.| 72 117 102 133 108 129 108 141 138 126 105 110 100 121 91 122 83 136 138 143 157 29 70 32 91 34 90 34 82 42 46 80 70 59 85 65 94 49 90 41 88 107 104 108 112 110 110 110 111 111 111 95 107 108 122 107 124 127 106 121 117 28 144 154 39 146 152 19 146 160 26 134 149 11 143 154 16 139 145 14 141 155 22 138 151 21 137 154 21 137 154 26 141 I 104 146 ! 188 163 | 157 165 i 148 j 127 21 | 19 89 ! 76 17 | 20 59 | 46 36 34 112 116 124 117 111 111 I Ill 123 ! 113 119 ! 137 137 134 24 | 30 | 33 j 30 134 132 131 | 132 164 i 149 144 ! 144 134 149 * Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture. 1 Based on the total computed production reported by 5 associations. Includes southern pine, Douglas Qr, western pine, North Carolina pine, and California white pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000 board feet reported by the census. 3 Relatives for months of 1925 are not exactly comparable with preceding data owing to a change in the method of reporting, the data since January, 1925, covering stocks east of California only. WHOLESALE PRICES IN JANUARY [Bars denote percentages of increase Or decrease in the wholesale prices of specified commodities as compared with the same month of 1925 and 1924] COMPARISON WITH PREVIOUS MONTH DECREASE INCREASE COMMODITIES 10 0 10 20 COMPARISON WITH SAME MONTH COMPARISON WITH SAME MONTH 1925 DECREASE INCREASE 50 40 30 20 10 0 10 20 30 40 1924 DECREASE 70 50 r 8050 40 30 20 INCREASE 10 0 10 20 Q 10 20 30 40 50 40 50 60 70 FARM PRODUCTS, AVERAGE PRICE TO PRODUCER WHEAT ~n CORN POTATOES COTTON COTTONSEED CATTLE. BEEF HOGS LAMBS WHEAT, SPRING WHEAT, WINTERCORN NO. 2 OATS BARLEY RYE, NO.2 TOBACCO, BURLEY COTTON WOOL [/4 GREASE (BOSTON ) CATTLE, STEERS HOGS, HEAVY SHEEP. EWES SHEEP, LAMBS FLOUR, SPRING FLOUR, WINTER SUGAR, RAW SUGAR, GRANULATED COTTONSEED OIL BEEF, CARCASS BEEF. STEER ROUNDS HAMS, SMOKED (CHICAGO COTTON YARN 'COTTON PRINT CLOTH COTTON, SHEETING WORSTED YARN WO MEN'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 FIG IRON, FOUNDRY PIG IRON. BASIC STEEL BILLETS. BESSEMER COPPER | LEAD TIN ZINC LUMBER, PiNE, SOUTHERN LUMBER, DOUGLAS FIR 8RICK, COMMON CEMENT NEW YORK STEEL BEAMS RUBBER CRUDE SULPHURIC ACID '20 iO Q SO 20 DECREASE INCREASE 50 40 30 20 JO Q 10 20 DECREASE 30 40 50 60 70 80 INCREASE •fc NO CHANGE irit NO QUOTATION 90 10030. 20 10 DECREASE 30 INCREASE 60 70 80 WHOLESALE PRICE COMPARISONS NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrous metals from the Engineering and Mining Journal-Press. All other prices are from U. 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. ACTUAL PRICE '[ (dollars) Unit COMMODITIES PER CENT INCREASE (+) OR DECREASE (-) January, 1926, Decem- January, January, ' from ber, 1925 1925 1926 December, 1925 ; January, 1926, from January, 1925 RELATIVE PRICE (1913 average^ 100) December, 1925 January, 1926 January, 1925 -2.5 1 -37.9 +214. 1 -24.2 -24.3 +12. 1 +18.0 +0.8 194 114 338 145 128 105 140 208 200 113 369 143 130 107 147 210 205 181 118 189 172 95 124 208 -3.9 -6.8 -36.7 -27.9 -26.0 -33. 6 +2.0 -13.3 -21.7 +6.1 +7.0 -9.2 -15.8 194 182 127 112 115 163 189 158 220 118 130 172 205 201 190 129 114 115 165 189 162 216 116 139 168 190 209 203 203 159 156 249 186 188 276 109 129 185 226 -3.0 -5. 3 -8.7 -16.4 +0.9 | -7.1 +10.5 +26.9 200 205 118 123 146 131 100 168 205 217 119 119 156 131 112 167 212 229 131 142 154 141 102 132 -7.8 -13.0 -6.5 -18.4 +2.0 -4.8 +10.5 -11.2 -10.2 -8.0 -8.0 +0.8 0.0 162 177 167 200 254 233 187 85 102 171 103 206 162 163 174 165 200 254 233 184 82 102 171 103 206 158 177 199 176 245 249 245 167 92 114 186 114 204 158 FARM PRODUCTS— AVERAGE PRICE TO PRODUCERS Wheat Corn Potatoes.. _ Cotton Cottonseed Cattle, beef Hogs Lambs Bushel Bushel Bushel Pound Ton Pound Pound Pound _ _ _ . 1.537 .707 2. 015 .174 27.87 .0618 .1051 .1267 1. 581 .696 2.205 .172 28.40 .0631 .1099 .1279 1.621 1.120 .702 .227 37.50 .0563 .931 .1269 1.835 1.870 .804 .430 .720 1. 052 25.00 .208 .54 9.875 11.625 7. 894 14. 844 1. 909 2. 006 1. 271 .596 .973 1. 585 24. 50 2.40 .69 9. 310 10. 800 8. 690 17. 630 9. 406 8. 335 .042 .051 .113 .170 .147 .278 9. 694 8. 805 .046 .061 .112 . 183 .133 .219 .402 .061 .103 1. 550 .800 3.600 6.811 .150 .192 .460 .460 6.40 5.13 .403 .060 .101 1.550 .800 3.600 6.713 .150 .193 .460 .460 6.40 5.00 .437 .069 .108 1.900 .784 3. 780 6.076 .169 .215 ,500 .500 6.35 5.00 3.39 3.49 4.45 1.550 7.31 1.550 3.39 11.75 4.64 1.293 FARM PRODUCTS-MARKET PRICE ! 1.768 Bushel Bushel.. . 1.796 .797 Bushel Bnshol _ . .422 .716 Bushel 1. 038 Bushel 25. 00 Cwt .202 Pound Pound .55 10. 044 ! Cwt 10. 881 Cwt 8. 063 ! Cwt 15. 938 i Cwt Wheat, No. 1, northern spring (Chicago)... _ Wheat, No 2, red, winter (Chicago) Corn, contract grades, No. 2, cash (Chicago) Oats, contract grades, cash (Chicago) Barley, fair to good, malting (Chicago) Rye, No 2 cash (Chicago) Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, \& blood combing, Ohio and Pennsylvania fleeces (Boston) Cattle, steers, good to choice, corn fed (Chicago) . . . . Hogs, heavy (Chicago) Sheep, ewes (Chicago) Sheep, lambs (Chicago) FOOD Flour, standard patents (Minneapolis) _ Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York). . . ._ Sugar, granulated, in barrels (New York) Cottonseed oil, prime summer yellow (New York) Beef fresh carcass good native steers (Chicago) Beef, fresh steer rounds No 2 (Chicago) Pork, smoked hams (Chicago) _ +2.9 -1.6 +9.4 -1.1 +1.9 +2.1 +4.6 +0.9 ! ; i I i j +3.8 +4.1 +0.9 +1.9 +0.6 ! +1.3 o.o : +3.0 -1.8 -K8 -2.1 -6.9 ; : ! _ 9.180 ! Barrel 7.888 '• Barrel _ j Pound.. ._ .041 .053 Pound Pound .106 .170 Pound .131 Pound .280 Pound i i ! i i i +2.5 i 4-5. 7 , +2.4 ! -3.8 +6.6 0.0 +12.2 -0.7 CLOTHING Pound Yard Yard . Pound Yard __ Yard Pound Prmnd Pound Squarefoot. Pound Pair Pair - Cotton yarns, carded, white, northern, rnulespun, 22-1 cones (Boston) Cotton print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) Cotton sheeting brown 4/4 \Vare Shoals L L (New York) Worsted yarns, 2/32's crossbred stock, white in skein (Boston) Women's dress goods, French, 35-36 inches at mills, serge Suitings wool dyed blue 55-56 inches 16-ounce Middlesex (N Y ) Silk, raw Japanese, Kansas No 1 (New York) Hides green salted packer's heavy native steers (Chicago) Hides, calfskins No. 1, country, 8 to 15 pounds (Chicago) Leather, chrome calf, dull or bright "B" grades (Boston) ,. Leather, sole oak, scoured backs heavy (Boston) Boots and shoes men's black crilf blucher (Massachusetts) Boots and shoes, men's dress vvelt tan calf (St Louis) FUEL Coal, bituminous, mine run lump (Cincinnati) Coal, anthracite, chestnut (New York tidewater) Coke, Connellsville (range of prompt and future) furnace— at ovens Petroleum, crude, Kansas-Oklahoma — at wells l +0.2 -1.6 -1.9 0.0 0.0 0.0 -1.4 -3.8 +0.5 0.0 0.0 0.0 -2.5 : • Short ton _ '< Loner ton _ Short ton__ Barrel +2.9 +2.9 154 159 +64.3 0.0 +57.6 +19.9 182 166 300 166 154 221 190 138 METALS Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, basic, valley furnace __ _ _ Steel, billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early deliverv (New York) Lead, pig, delivered, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, slab, western (St. Louis) Long ton... 22.26 Long ton... 20. 00 _. . Long ton... 35.00 .1387 Pound .0931 Pound Pound .6195 .0857 Pound 22.26 20.00 35.00 . 1382 .0926 . 6142 . 0830 24.14 21.88 37.00 . 1471 . 1017 .5769 .0774 0.0 0.0 0.0 -0.4 -0.5 -0.9 -3.2 -7.8 -8.6 -5.4 —6.1 -8.9 +6.5 +7.2 139 136 136 91 213 140 156 139 136 136 91 212 139 151 151 149 144 96 233 130 141 49.43 15.50 16.00 46.95 19.50 J4.50 -0.8 0.0 +8.5 +5.3 -20.5 +10.3 216 168 225 215 244 iep 204 212 221 0.0 0.0 -20.8 0.0 -5.2 -7.1 +90.3 0.0 163 129 95 70 163 129 75 70 172 139 39 70 BUILDING MATERIAL AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district) _ . . . Lumber, Douglas fir, No 1, common s 1 s, 1 x 8 x 10 (Washington) Brick, common red, domestic building (New York) Cement, Portland, net without bags to trade, f. o. b., plant (Chicago district) Steel beams, mill (Pittsburgh) . Rubber, Para, Island, fine (New York) Sulphuric acid, 66° (New York) _ . 49.83 M feet 15. 50 Mfeet Thousand- 14.75 Barrel Cwt Pnnnd Cwt 1.65 1.95 . 764 .70 1.65 1.95 .605 .70 1.74 2.10 .318 .70 GRAPHIC SUMMARY OF COMMERCE AND INDUSTRY IN 1925, BY QUARTERS [Bars represent percentages of increase or decrease from the corresponding periods of 1924.~ Where a star appears, the movement for that period showed no change from the corresponding period of 1924. Increases are in black and decreases in cross-hatching] ITEMS 1ST QUARTER DECREASE INCREASE THE YEAR DECREASE INCREASE 75 50 25 0 25 50 75 50 25 2D QUARTER DECREASE INCREASE 25 50 75 50 25 0 3D QUARTER DECREASE 25 50 75 50 0 4TH QUARTER DECREASE INCREASE INCREASE 25 0 25 50 75 75 50 25 0 25 50 GENERAL INDEXES OF BUSIN ESS ACTIVITY MANUFACTURING OUTPUT COMMODITY STOCKS H B - - ' \ B 1 B 1 -- 1 BANK DEBITS OUTSIDE N Y CITY B H 1 1 1 1 B 1 i COST OF LIVING i 1 i METAL PRODUCTION PIG IRON HB ' CO 1 B TIN ( CONSUMPTION )- - - i •LJ i m ' MHBHB ' i B 1 B I BH . 1 ra i IB i , L», i i B BB i i FUEIL AND POWER PRODUCTION BITUMINOUS COAL EH • m E-2 ODUC COKE CRUDE E OLEU B i i ELECTRIC POWER B 1 • i i TEXTILES m m , AND LEATHER PRODUCTION oral mm B e \ , , T , i •• BB B , . COTTON (CONSUMPTION) UUL UU aUMK <J SiL CONoUM T O N ) BOOTS AND SHOES LM^ -Ww^/ 1 FOODSTUFFS PRODUCTION WHEAT FLOUR A TS CHEESE f RECEIPTS) I I - ^ • SUGAR 'MELTINGS) BUILDING CONTR ACTS f 36 STATES LUMBER <IO SPECIES) 1 1 ENAMEL BATHS (SHIPMENTS) i i PASSENGER AUTOMOBILES AUTOMOBILE TRUCKS LOCOMOTIVES (SHIPMENTS) PNEUMATIC TIRES c PRODUCTIQN)INNER TUBES (PRODUCTION) n m i , ,„ , . . ' EJ 1 . _. 1 LJ'_— —• , i i . .,. . . _ jjjjB^^IBHB AND EQ UIPMENT imiHi . n 1 B """• , *•• H i , m m . i V, TRANSPORTATION %%%%<, — i H B m BUILDING AND MATERIALS PRODUCTION 1 DEPARTMENT STORES TEN— CENT STORES MAIL-ORDER HOUSES g •01, * vfflzfr I BBBEBi TRADE (VALUES) L ' , 1 ' 1 m ' n BANKING FEDERAL RESERVE RATIO EARNING ASSETS <F R BANKS >- LOANS. DISCOUNTS (MEMBERS'- INVESTMENTS (F R MEMBERS)- -COMMERCIAL INTEREST RATES - CALL LOAN INTEREST RATES-- PRICES, 25 INDUSTRIAL STOCKSPRICES, 25 RAILROAD STOCKS-PRICES 40 BONDS --NEW INCORPORATIONS NEW CAPITAL ISSUED INDUSTRIAL DIVIDENDS RAILROAD DIVIDENDS- m 55 I i i HB 9 @WB B i ! EXCHANGE ON LONDON I 75 50 25 DECREASE 0 i 25 50 75 50 25 INCREASE YEAR DECREASE 1ST 0 ' 1 StassMaslL B , , F, , -- ' ' mm§ 1 ' 1 tHi^JBW mm i i 1 1 * 25 50 75 50 25 INCREASE QUARTER DECREASE w i FOREIGN TRADE EXPORTS FROM U.S. IMPORTS INTO U. S - - - ' am • BHB BBEfli , ? sssaatt STOCKS, BONDS AND CORPORATE FINANCE™'' , BB i • i AND EXCHANGE m ' m ! 0 , , m • , 25 50 75 50 25 INCREASE 2D QUARTER DECREASE m 0 25 50 75 75 50 25 INCREASE 3D QUARTER DECREASE -1 0 25 50 INCREASE 4TH QUARTER STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: The following table contains a review of production and distribution by principal industries and branches of commerce for the year, 1925, with comparisons since 1921. On the preceding page are given gtaphically the more important movements in business and 1921-1925 industry during the year, by quarters, as compared with the same periods of 1924, while on the next page is given a table of commodity stocks, as well as of unfilled orders, as of December 31, 1925, with similar data for earlier comparable periods. VOLUME OF PRODUCTION AND DISTRIBUTION IN 1925 1921 1922 1923 1924 1925 FOODSTUFFS 1921 1922 1923 7,089 8,296 1924 1925 BUILDING AND BUILDING MATERIALS— continued ' 58, 504 66, 794 66,160 75,345 70, 264 Corn grindings (bu.—000 omitted) 3, 554 Sugar meltings (long tons—000 omitted)-. 5,148 4,149 4,547 5,113 163, 294 195,117 192,274 204, 060 238,811 Fish catch (Ibs.—000 omitted) Meat production, inspected slaughter (Ibs—000,000 omitted): 4,453 4,! 5,129 5,252 5,454 Beef products 6,723 7,419 9,182 8,650 7,349 Pork products 446 Lamb and mutton products 493 418 467 450 Cottonseed oil production (Ibs.—000,000 939 omitted) 1,006 1,510 1,155 Wheat flour production (bbls.—000,000 omitted) 121 126 126 125 133 Brick production (000 omitted): Face brick (average per firm) Cement (bbls.—000 omitted): Production. _ Shipments Sanitary enamel ware shipments (pieces— 000 omitted): Baths Lavatories.: Sinks Consumption (000 omitted): Wool (pounds) Cotton (bales) Silk (bales) Production (000 omitted): Fine cotton goods (pieces). Automobile production (000 omitted): Passenger cars Trucks... Rubber tires, production (000 omitted): Pneumatic tires Solid tires _ Inner tubes. _ _ _ 7,988 8,671 98, 293 113, 870 137, 377 148, 859 161, 298 95, 051 116, 563 135, 887 145, 747 156, 721 498 698 797 898 1, 098 1, 144 1, 085 1, 326 1, 370 1,148 1,323 1,445 1,326 1,529 1,551 1,535 147 2, 3851 254 3, 702 393 3,263 377 3,818 497 AUTOMOBILES AND TIRES 529,495; 654,125 641,6071 537,760 526,285 6,521 5, 5221 6,428 5,407 6,088i 323 358 368! 366' 501 4,251 4,629; 5,265J 4,246; 5,053 21,820 30,698) 33,944 38, 726 45, 633 424 7871 684 558 620 27,102 38, 137 45, 087 53, 028 61, 960 MISCELLANEOUS Production (000 omitted): Iron ore shipments (tons) Pig iron (long tons) Steel ingots (long tons) Steel sheets (short tons) Tin (consumption—long tons). Production (short tons): Zinc 1 C opper Sales (short tons—000 omitted): Structural steel Steel castings 44,604 85,224: 118,092 16,544 26,880; 40, 039! 19,235! 34,568 43,486! 1,025) 2,290 2, 67o| 26! 57j 70! 85, 248 108,156 31, 088 36,401 36,811 44,178 2,638 3,522 64; 76 215,592j 373,680: 531,204, 535,848' 590,928 , , 236,004 493,848) 738,768! 793,377; 841,506 1,113 298 2,181! 813| 2,203! 895! !, 429! 773 2, 714 732 1,344| 1,274| 3,189 [ 1,465! 1,127 RAILWAY EQUIPMENT Locomotive shipments (number). PRODUCTION OF FUEL AND POWER Coal (short tons—000 omitted): Anthracite B ituminous Coke (000 omitted—short tons): Beehive By-product Petroleum products (000,000 omitted): Crude petroleum (bbls.—42 gal.) Gasoline (gals.) Kerosene (gals.)_._ Lubricants (gals.) Electrical energy, central stations (Kw. hours—000,000 omitted): Total By water power By fuels ... 90,468! 54,684! 95,448 90,214 62,515 415,920! 422,268! 564,156j 483,280! 522,967 5,544! 8,040 19,380! 9,6681 10,651 19,752! 28,500j 37,5961 33,995 39,983 470! 5,154! 1,945! 878 558 6, 202 2,306S 7321 7,556 2,349s 979 1,097! 756 714i 8, 960! 10, 886 2, 521!1 2,510 1,155 1,301 1,225 17,991 1,448 17, 735 1,489 18, 732 1,471 14, 645 1,526 14,884 265 791 261 1,001 318 1,171 308 1,108 292 1,082 DISTRIBUTION Sales (dollars—000 omitted): 314, 275 344, 339 433, 177 461, 045 517, 581 4 mail-order houses 5 ten-cent chains 253,920 286, 500 338, 064 378, 883 429, 131 27 grocery chains 436, 212 508, 848 632, 784 721, 428 888, 480 Advertising, agate lines (000,000 omitted): 19 18 24 Magazine 23 25 1,040 1,094 1,169 1,158 1, 213 Newspaper, 22 cities 249 274 Postal receipts (dollars—000,000 omitted). 316 301 344 Foreign trade of United States (dollars— 000,000 omitted): Exports 4,485 3,832 4,167 4,591 4,909 2,509 3,113 3,792 3,610 4,224 Imports .PRICE INDEX NUMBERS (Monthly averages, relative to 1913) Farm prices _. _ Wholesale prices (404 commodities) Retail food prices (22 commodities) 116 147 153 124 149! 142 135i 154J 146! 134 150 146 147 159 145 172 3,466 262 4,121 237 2,735 282 3,784 452 53.21 79.38 60.15 62. 38 60.15 67.18 98.581 107.78 115.08 74.11 71. 72! 74.32 82.49 152.49 77.04 6,077 6, 845 8,419i 10,927 BANKING AND FINANCE 47,700! 55,932j 58, 992! 65, 604 14, 940J 17,256| 19,6201 20, 016! 22, 320 26, 328 30,456 36,324| 39, 012 43, 284 41, 268 BUILDING AND BUILDING MATERIALS Contracts awarded (36 States—000,000 omitted): Total floor space (sq. ft.) Total value (dolls.)-Lumber production (board feet—000,000 omitted) : Southern pine.. Douglas fir California redwood California white pine _. Western pine. North Carolina pine Northern hemlock. _ Northern hardwoods Northern pine lumber Northern pine lath _. Oak flooring . _. M aple flooring Production (000 omitted): Newsprint paper (short tons). Sole leather (backs, bends, and sides). Naval stores, receipts (barrels—000 omitted) : Turpentine. Rosin... 676 3,981 4, 5051 3, 573; 475J 469! 8931 362 204 334 410 104 149 101 5,180 5, 2281 588 797 1,448 631} 282 318 534 151 275 j 138 5,402 6,105 639 1,223 1,751 579 313 449 618| 159! 361! 1411 706! 5, 441! 5,866! 5781 1,153, 1,651! 580| 245; 400! 516S 130i 418! 1031 899 5,822 5,680 6,528 520 1,399 1,804 650 254 392 559 145 518 106 Securities: Sales (000,000 omitted)— Stocks (shares) Bonds, total (dolls.) Prices, monthly average (dolls.)— 25 railroad stocks 25 industrials 40 bonds Banking and insurance (dollars—000,000 omitted): Life insurance, new business. Debits to individual accounts— Outside New York City New York City Bank clearings— Outside New York City.. _. New York City Interest rates, mo. average (per cent)— New York call loans. Commercial paper 60-90 days Business failures: Liabilities (dollars—000,000 omitted). Firms (number) 9,109 190,968 199, 500 225, 324 227,949 256,415 207, 096 239, 856 238, 392 263,531 313, 372 146, 544 158,448 189,816 196,166 217,134 194, 328 217,896! 213,996 249,870 283,619 4.42 4.43J 628 19, 652 624J 23, 676J 3. 17 3. 91 4.31 4.02 5391 543 18,714 20,615 444 21, 214 4. 87 4. 99 8 STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1922-1925—Continued STOCKS OF COMMODITIES HELD AT YEAR-END INVENTORY PERIODS 1922 COMMODITY Unit November 30 i 1924 1923 December November 31 . 30 1925 December 1! November December 31 31 I 30 December November 31 \ 30 FOODSTUFFS Beef products _ Pork products Lamb and mutton Sugar (raw at refineries) Cottonseed oil Wheat (visible, United States) _ Wheat flour Corn (visible, United States) Oats (visible, United States) Butter . Cheese _._ Eggs . Poultry Fish Coffee (visible, United States) Rice (domestic) - Thous. oflbs Thous. of Ibs __ i Thous. oflbs i Long tons Thous. of Ibs .. Thous. of bus _ Thous. of bbls Thous. of bus . . Thous of bus Thous. oflbs Thous. oflbs Thous. of cases . Thous. oflbs . . Thous of Ibs Thous. of bags _- Thous. of pockets. _ 95, 628 452, 004 3, 633 62, 892 116, 859 39, 764 9,100 12, 034 34, 887 47, 773 37, 291 3,257 51, 781 54, 503 957 2,004 116, 255 619,319 4. 523 33, 951 109, 444 43, 856 7.700 17, 776 34, 725 26, 819 1 33, 617 1,311 100, 170 i 48, 689 976 ! 2,326 : 93, 166 612, 823 2,014 62, 839 140. 658 82; 269 7, 900 3, 254 19, 858 51, 508 55, 105 4, 028 63, 274 63, 458 884 1, 735 I 105, 577 758, 209 2,493 56, 788 140, 981 84, 030 7,100 9, 683 21, 350 30. 299 49, 566 1,927 93, 434 64, 290 712 | 2, Oil 100, 239 463. 233 3, 326 32, 172 106,426 105, 533 7,700 8, 072 71, 997 100, 832 58, 705 3, 102 87, 939 70, 406 803 2,265 415,681 I 5, 140 ! 40, 959 i 391. 248 5, 852 55, 516 142,964 | 708,413 2, 949 49, 393 105,992 96,114 i 6, 700 i 19,693 , 76,343 I j 65,694 j j 49,187 | S 1,050 i 133,990!: 68,325 : 611 j! 2,347 i ' 73,564 418,737 1, 549 92, 709 111,333 49,774 7, 800 3,077 68,739 74,754 66,495 3,786 86,733 61,849 789 1,091 84, 725 515, 292 1,825 120, 146 119, 124 55, 024 6,900 19, 075 66, 762 52, 708 58, 548 1,677 111,459 58, 651 880 2,046 1373,010 6,662 46,813 | 346, 678 7,326 49, 824 41,686 6.922 1,904 36, 898 9,295 2, 664 ', 1,152,743 43,204 25,072 14, 534 85,555 201,847 239,269 45, 046 196,939 1, 165, 620 44, 715 28^ 440 18, 429 110,011 222, 032 228, 659 51, 247 220, 479 23,838 i| 17,418 16, 238 CLOTHING MATERIALS Wool, grease equivalent (mills and dealers) Cotton (mills and warehouses) Silk (warehouses) . Thous. of Ibs Thous. of bales Bales > 525, 174 5,922 47, 159 518,844 5, 987 49, 174 i 474. 748 i 5, 214 35, 398 44, 004 19, 497 2,699 39, 866 18, 252 3, 704 42, 836 ! 30, 904 1, 072 ! 1, 274, 418 19, 132 23, 908 5,320 34, 370 _ . 64, S22 64, 462 40, 161 352, 465 1, 218, 843 21.230 25, 156 9, 108 37, 886 67, 618 70, 491 44, 774 349,917 19, 651 19, 208 23, 346 j M,457,439 i 993, 398 i 382, 586 1, 491, 301 1, 068, 042 346, 604 i 1, 562, 225 ! i 1, 086, 985 ! i 393, 489 i 359,612 5,937 61,533 ! ! METALS Iron ore Zinc Tin Thous. of long tons Short tons Long tons _ flooring flooring . 40, 728 26, 912 2,089 1, 110, 704 41, 140 24, 239 10, 900 43, 557 | 84, 373 | 87, 147 ; 50, 323 346, 200 1, 026, 246 41, 795 22, 931 8,928 90,012 171, 999 228, 438 51, 489 228, 673 . M feet b. m M feet b. m M feet b. m Thous. of bbls Number-- _ . Number Number. _ ' Barrels ! Barrels 1,115,880 41, 467 22, 159 6, 991 37, 342 69,412 67, 265 39, 221 316, 820 i i ! PAPER Newsprint (at mills) 36,360 , 1 21,208 j , 2,844 H ! CONSTRUCTION MATERIALS Yellow pine Oak Maple Cement Baths (enamel) Lavatories (enamel) Sinks (enamel) Turpentine Rosin 38,635 37, 578 1, 652 ! ! ! ! i ! 1 1,041,774 43,823 25,992 14, 123 104,301 196,324 251,448 61, 379 256,482 ' ' 1, jl i I Short tons 23, 669 25, 062 TOBACCO Total Chewing, smoking, and snuff" Cigar types 1 Thous. of Ibs Thous. oflbs Thous. of Ibs 1, 651, 930 j 11, 724, 767 I1 1, 219, 694 i 1, 239, 936 358, 256 j i 407, 006 I 1,713,670 1; * 1,754,596 1 1, 818, 564 1,266,083 !» * 1,289,447 j 1, 384, 627 356, 119 371,043 |i1 1389,913 ! i Quarter ending September 30. UNFILLED ORDERS FOR SPECIFIED COMMODITIES j JUNE 30— DECEMBER 31— | COMMODITY Unit i 1922 Sheets, blue, black, and galvanized Steel (U. S. Steel Corporation) Locomotives Oak flooring _. Maple flooring Baths (enamel)- - _. Small ware (enamel) Short tons Thous. of long tons. . ! Number j Mfeetb. m ! M feet b. in ! l Number Number. i 1923 503, 175 437,853 6, 386 5, 636 1, 958 596 38, 530 38,434 28, 205 26, 330 286, 888 177, 197 486,331 1,038,045 1924 246,810 3,263 531 36,093 9,596 181,907 458,182 1925 ! i i ! ! ! i 440,687 3,710 397 50,092 9,498 111,797 252,991 1 : ! i 1922 1923 1924 1925 505, 766 6, 746 1, 592 40, 925 22, 324 205, 659 647, 839 445, 167 4,445 387 47, 700 15, 375 203, 329 712, 620 663, 460 4,817 431 53, 295 12, 735 89, 402 254, 625 677,9 7 ! 5,033 i 763 61, 103 9,076 • 83, 859 189, 261 Percent age change Dec. 31, 1925, from June 30, 1925 +53.8 +35.4 +92.2 +22.0 -4.4 -25.0 -25. 2 BUSINESS SUMMARY iverage—enable comparison! comparisons to be made of the [Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable n the thft inside inalria front frnnfr. cover, nmjpr an and details Of manUrelative condition of the several phases of business. The use of index and relative numbers is more fully explained on facturing and raw material production are given in the table entitled "Indexes of Business," on p. 25] YEARLY AVERAGE 1§24 1925 1 ; ! PER CENT INCREASE (+) OR DECREASE ( — ) I 1923 . " " "" • 1824 Novem- December ber i 1925 October Novem- December ber December, 1925, from November, 1925 December, 1925, from December, 1924 l " PRODUCTION: Manufacturing (64 commodities — Adjusted) 1 Raw materials, total Minerals Animal products _. Crops Forest products Electric power __ __ Building (awards — floor space) 114 156 120 125 195 114 156 105 113 143 124 138 158 108 171 100 148 128 145 124 119 174 121 178 146 123 141 122 123 164 118 188 137 • -1. 6 + 3.4 -5.7 -2. 5 + 5. 6 -6,2 + 8,8 -1.4 -1.6 -10.9 + 3.8 + 9. 3 + 9.9 + 37.0 | ! i ! 1 ! 131 157 132 115 196 137 : 183 1 -3.9 131 117 102 121 144 106 123 117 118 119 152 108 126 115 127 113 111 126 169 1 138 119 74 135 52 144 56 135 53 141 ! 62 ! 132 53 134 58 150 64 + 11-9 + 10.3 + 6.4 + 3. 2 99 165 83 124 105 185 82 125 118 209 i 84 131 131 199 84 141 148 1 366 | 79 ! 210 | 170 237 101 165 144 220 86 145 166 427 79 224 + 15.3 + 94. 1 -8. 1 + 54. 5 + 12.2 + 16. 7 0.0 + 6.7 65 75 78 94 64 73 78 95 70 77 84 98 66 „» 74 81 96 67 76 82 97 68 77 87 99 69 77 90 100 68 76 89 99 -1. 4 -1. 3 — 1. 1 -1. 0 + 1.5 0. 0 + 8. 5 + 2. 1 CHECK PAYMENTS (141 cities—Seasonal adjustment) FACTORY EMPLOYMENT (1919 base) . . 103 93 110 84 127 84 110 81 116 82 132 85 127 85 129 85 + 1.6 0. 0 + 11. 2 + 3.7 TRANSPORTATION : Net freight ton-mile operation 115 Car loadings (monthly total)119 Net available car surplus (end of ino.) . „ 25 108 116 139 122 146 115 112 111 106 i ' 100 ! 161 1 133 159 66 123 117 83 106 ; 162 -9. 4 + 95.2 +6. 0 +0.6 119 113 STOCKS (45 commodities; seasonal adjustment) UNFILLED ORDERS (relative to 1920) SALES (based on value) : Mail-order bouses (4 houses) Ten-cent chains (5 chains) Wholesale trade Department stores (359 stores) PRICES (recomputed to 1919 base) : Producers', farm products Wholesale, all commodities.Retail food Cost of living (including food) , . 113 118 ; O £j, Q O i See p. 28, Jan., 1925, issue (No. 41), for details of adjustment. COURSE OF BUSINESS IN 1925 GENERAL CONDITIONS December brought to a close a most active business year. Manufacturing production in 1925 was the largest recorded, with a gain of over 11 per cent above the 1924 average. Raw material supplies were produced or marketed in slightly less quantities than in 1925, in spite of increases in mineral production and in the output of forest products. Building construction awards were about 27 per cent greater than in 1924, and railroad traffic, as shown by car loadings, increased 5 per cent over the 1924 average. The increased industrial activity in 1925 was accompanied by larger average stocks carried, while average unfilled orders also increased, but the factory employment index averaged the same as in 1924. Individual production figures showed gains in such important items as meltings of sugar, production of beef and lamb, consumption of cotton and silk, production 79396°—26 2 of steel ingots, pig iron, coffee, zinc, bituminous coal, lumber and automobiles, and the consumption of tin, new high records being made by steel ingots, automobiles, and silk, while pig iron, zinc, and copper outputs were only exceeded in the war period. Important declines from 1924 occurred in wool consumption, wheat flour production, shipments of railroad locomotives and output of anthracite coal. As a result of the large building program, sales of structural steel in 1925 were the highest on record, but sales of steel castings declined. Trade at wholesale and in all classes of retail establishments increased over 1924. Check payments registered an advance over the previous year amounting to about 15 per cent while life-insurance sales were the largest on record. Prices in general averaged higher than in 1924 in all positions. 10 Demands for credit at the Federal reserve member I higher than in the preceding year, as did prices of banks were larger than in any of the four preceding stocks, both industrial and railroad. Business failyears with the average amount of loans and discounts ures, although larger in number of firms than in any about 10 per cent higher than in 1924. Interest rates, year since 1922, were smaller in the amount of deboth on commercial paper and call loans, averaged faulted liabilities than in any year since 1920. SUMMARY OF INDEXES OF BUSINESS PRODUCTION December raw material output declined slightly from November and was almost as high as a year ago. For the year as a whole it was 115 per cent of the 1919 average, compared with 118 in 1924. Minerals and forest products showed larger output than in 1924 while the marketing of crops and animal products declined. Mineral output for December was less than in either the previous month or a year ago, although compared with December, 1924, the only declines occurred in anthracite coal and silver. Marketings of animal products were seasonally greater than in November but declined from a year ago with only eggs arid milk increasing. Crop marketings declined seasonally from November and increased over a year ago, due mainly to gains in the miscellaneous group. Forest products made a slight decline from November but increased over a year ago, with gum receipts alone showing a decline. Manufacturing production in 1925, at 126 per cent of the 1919 average, was higher than the previous high record of 1923, the December figure being 9 per cent higher than a year ago, but slightty lower than in November. Increases over November were made in 7 groups and declines in only 4, but the decreases in stone and da}7 products, tobacco and miscellaneous (including automobiles) were fairly large. Compared with a year ago, December output was larger in all groups except stone and clay products, with the miscellaneous group making a gain of 25 per cent. RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES [1920 monthly average= 100. This chart shows stocks of manufactured commodities only, while adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally those for iron, steel, arid building materials. December, 1925, is latest month plotted! 40 COMMODITY STOCKS SALES Stocks of commodities when adjusted for seasonal variation increased during December except for manufactured articles other than foodstuffs. Compared with a year ago, stocks of manufactured foodstuffs alone declined. Average holdings for the year 1925 were slightly higher than in 1924. Unfilled orders of iron and steel and building materials again increased during December, both groups showing considerable increases. The index was also slightly higher than at the end of December, 1924, both groups making gains of the same relative importance. For the year 1925, unfilled orders averaged slightly higher than in 1924. 11 The index of wholesale trade showed the usual seasonal decline in December and was the same as a year ago, with increases over December, 1924, in hardware, drugs and meats and declines in shoes, groceries and dry goods. The yearly average showed an increase over the 1924 average. Mail-order, chain and department stores all made considerable increases in sales in 1925 from 1924, the Christinas trade being ahead of a year ago in all cases except candy stores. Stocks held by department stores 011 December 31 were slightly higher than a year ago. Building materials alone advanced over November in the wholesale price groups, while increases over December, 1924, comprised only the fuel and lighting, building materials and miscellaneous groups. The Federal Reserve Board's regrouping of the wholesale price index shows declines from November in all groups except agricultural and forest products, while from a year ago producers' goods increased and consumer's goods and raw products declined, the latter due to the 12 per cent recession in agricultural products which neutralized gains in the other raw material groups. COMPARISON OF PRICES FOR RAW MATERIALS, PRODUCERS' GOODS, AND CONSUMERS' GOODS [1913 average prices taken as 100. December, 1925, is latest month plotted] 260 240 PRICES All price levels—producers, wholesale and retail— rose in 1925 over 1924, although in each instance the December figures declined from November. All but the wholesale prices were, however, higher than in December, 1924. Farm prices rose over November in the grain and dairy and poultry groups and declined in the cotton and unclassified groups. Compared with December, 1924, advances occurred in fruits and vegetables, meat animals and dairy and poultry, the first named rising 76 per cent, while the grain, cotton and unclassified groups declined. The cost-of-living index showed increases over November in clothing and sundries but declines in the other groups, while compared with a year ago retail food prices increased 9 per cent, and clothing and sundries made smaller gains, while shelter and fuel and light declined. EMPLOYMENT The index of factory employment stood the same for 1925 as 1924. December also showed no change from November, with gains in the iron and steel, paper and printing, nonferrous metals and miscellaneous groups. Compared with a year ago, employment was 12 EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS [Drawn from data compiled by U. S. Department of Labor, and representing weighted indexes based upon number of wage earners in the respective industries in 1919. Average monthly employment 1923= ICO. December, 1925, is latest month plotted] STAMPED AND ENAMELED WARE OTHER THAN IRON AMD STEEL 13 considerably higher, with declines noted only in food products, lumber, leather and tobacco products. Factory pay rolls showed a slight increase over November and a larger increase over a year ago. The gains over November were in the same groups as registered gains in employment. Similarly, the de- clines from a year ago took place in the same groups as showed fewer employees on the roll, except thafc the lumber group showed larger pay-roll payments, while the textile group, which made a gain in employment over December, 1924, showed no change in the payroll index. REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES Keceipts of wool at Boston in December were considerably smaller than a year ago, due to smaller receipts of domestic wools. Total receipts in 1925 were 2 per cent lighter than in 1924, despite an increase in foreign wools of more than 50 per cent. Imports of wool were likewise smaller than in December, 1924, but for the year 1925, this movement was almost SO per cent larger than in the preceding year. Consumption of wool at textile mills was larger than in November but smaller than a year ago, with the year 1925 as a whole showing relatively little change from 1924. Wool machinery was, on the whole, less active than in November. Prices of raw wool showed relatively little change, both from November to December, and from 1924 to 1925. Although prices for worsted yarns declined throughout 1925, the average for the year was somewhat higher than for 1924. Ginnings of cotton at the end of December were 16 per cent higher than a year earlier, while the receipts of cotton into sight during 1925 averaged 20 per cent greater than in 1924. Consumption of cotton by textile mills was 6 per cent greater in December than in the preceding month, while for the year 1925, the total consumption was 16 per cent greater than in 1924, each month of 1925 being greater than the corresponding month of 1924. greater than at the end of the preceding year. Exports of cotton from the United States during 1925 were more than 26 per cent greater than in 1924. Wholesale prices of cotton during December averaged lower than in the previous month or a year ago. while for the year as a whole prices were almost 10 per ceni lower. CONSUMPTION OF COTTON, WOOL, AND SILK [December, 1925, is latest month plottedl RAW COTTON CONSUMPTION AND EXPORTS [December, 1925, is latest month plottedl 1925 Stocks of cotton at the end of 1925 were 23 per cent greater than at the end of 1924 with the greatest percentage increase occurring in mill holdings. The world visible supply at the end of the year was 21 per cent More cotton spindles were active in December than during the preceding month or a year ago, while the December activity recorded the largest number of spindle hours active since April. Billings of finished cotton goods were likewise greater than in November but smaller than in December of last year. For 1925, however, total billings of cotton finishers were greater than in 1924 with shipments and new orders showing similar comparisons. Stocks of finished goods held by finishers at the end of the year were heavier than at any period since the middle of 1924, but for the year the}r averaged considerably lower than 1924. Exports of cotton cloth were larger in December than.in either the previous month or December, 1924; while during 1925 cotton cloth exports recorded an increase of 14 per cent over the previous year. Imports of raw silk were larger in December than any month of the past three years with the exception of September, 1925, and during the year recorded an advance of almost 30 per cent over 1924. Deliveries of silk to consuming establishments in December were larger than in either the previous month or December, 1924, while for the year as a whole deliveries were more than 30 per cent heavier than in 1924. Stocks of raw silk held at warehouses, although exhibiting a tendency to increase, were almost 20 per cent smaller in December than the holdings of a year previous. The wholesale price of silk advanced during December and averaged almost 10 per cent higher than a year ago. Imports of burlap were larger than in either the preceding month or December, 1924, with an advance noted in the annual total as compared with 1924. Imports of unmanufactured fibers, although smaller than in December a year ago, were larger than in the preceding month r and for the year 1925 recorded an advance of almost 5 per cent over the previous year. IRON AND STEEL Shipments of iron ore from the mines during 1925 were much larger than in 1924, and receipts at lake ports increased correspondingly, the stocks at the end of the year being only slightly larger than at the end of 1924. Pig-iron production was more than 15 per cent above the 1924 total, and showed an upward movement throughout the latter part of 1925, with December output considerably higher than a year ago. A smaller proportion of the total output, came from merchant furnaces in 1925. Capacity of blast furnaces in operation at the end of December was larger than a year ago, exceeding any month since March, 1925. Pig-iron prices, after declining during the middle of the year, advanced during the last few months, but averaged less than in 1924. PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS [December, 192o, is latest month plotted] 14,000 ,600 Steel-ingot output in 1925 was the largest on record, consistent gains being recorded each month during the latter half of the year. Bookings of steel castings also increased each month during the last half of 1925, but the total for the year was less than in 1924, owing to declines in railroad buying. Unfilled steel orders averaged higher than in 1924 and on December 31 were higher than at any time since February, 1925. Steel earnings as reflected by the United States Steel Corporation were higher than in 1924, increases being made in the last eight months but declines from a year ago in the first four months of the year. Production of sheets increased to 93 per cent of capacity for 1925 as against 74 per cent for 19247 while unfilled orders at the end of the year were the largest since 1920. Total stocks at the end of December were also high but unsold stocks were less than a year ago. Steel prices, in spite of an upward movement during the past few months were less than a year ago. both in December and for the year as a whole. Bookings and shipments of fabricated structural steel both increased over 1924, though November and December bookings declined from a year ago. Similarly, fabricated steel plate bookings increased slightly over the 1924 total, but declined from November and December of that year owing to the smaller bookings of oil storage tanks. Iron and steel exports were less than in 1924 although December figures increased over a year ago, while imports were almost twice as large as in the previous year. Sales of stokers were larger than in 1924, and farm implement sales in the Northwest showed a gain of 40 per cent over the previous year. NONFERROUS METALS Copper production at mines, smelters and refineries was larger in 1925 than in any year since 1918. Shipments of refined copper to domestic consumers also mode a record, increasing almost 10 per cent over 1924. Copper exports were slightly less than in 1924, 15 owing to declines in the last 5 months of the year. Stocks of blister copper in North and South America on December 31 were slightly larger than a year previous but refined stocks were only about half as large. In spite of a decline in December, copper prices averaged one cent a pound higher than in 1924. Activity in metal plumbing goods was generally larger than in 1924, as shown by shipments and new orders of all classes of enameled sanitary ware except the miscellaneous group, and by sales of tubular plumbing and shipments of brass faucets. Orders for brass faucets, however, declined. Unfilled orders for enameled sanitary ware were less on December 31 than a year ago, while stocks were higher except for the miscellaneous group. Prices of plumbing fixtures generally declined throughout the year and averaged 5 per cent less than in 1924. The wet process vitreous enameling industry operated at 73 per cent of capacity in December as against 86 per cent in November and 84 per cent in October. TIN: prices increased considerably during the latter part of the year, the yearly average exceeding previous years since 1920. Lead production was also on a higher level during the last three months of 1925, averaging almost 10 per cent above 1924 for the complete }rear. Ore shipments from the Joplin district also increased while stocks were higher than a year ago. The price of lead was about the same in December as a year ago, but made a new high average for the entire year. COPPER PRODUCTION AND EXPORTS [December, 1925, is latest month plotted] IMPORTS, VISIBLE SUPPLY, AND DELIVERIES TO MLLIS [December, 1925, is latest month plotted! 40,000 FUELS While anthracite coal production was virtually shut down during the latter part of 1925, bituminous output was steadily increasing from May through December, the latter month showing the highest monthly production since 1919. The yearly total, PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL [December, 1925, is latest month plotted] Tin deliveries from warehouses in 1925 were the largest recorded, December figures being 50 per cent larger than a year ago, while stocks both in December and for the yearly average declined from 1924 both in the United States and the world. Imports of tin also exceeded previous high levels while the price increased considerably in the latter part of the year and averaged higher for the year than at any time since 1919. Zinc production increased steadily during the latter part of 1925 and averaged 10 per cent above 1924. More retorts were in operation on December 31 than at any time since 1920 while stocks were reduced over 50 per cent during the year, averaging for 1925 less than at any time since 1915. Similarly, ore stocks in the Joplin district also declined. Zinc however, although above 1924, was lower than in 1923, while anthracite output was the lowest since 1922. Exports of bituminous coal were about the same as in 1924, larger shipments being made in the last half of the year, while anthracite exports were 20 per cent less than in 1924, owing to declines in the last three months. Prices of both bituminous and anthracite turned upward in the latter part of the year, but the yearly average for bituminous was about the same as in 1924. 16 Coke production increased month by month in the latter part of 1925, in both beehive and by-product ovens, the output by the latter method making a new high record in December and also for the year. Exports of coke rose considerably in December, but the yearly total was below 1923, although 45 per cent higher than in 1924. After a sharp rise in October, the price of coke declined in December and for the year averaged only 13 per cent above 1924. PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE [December, 1925, is latest month plotted] throughout the period. Imports of petroleum were less than in 1924, while the price of crude was higher, in spite of a seasonal decline in the latter part of the year. Stocks in Mexico were gradually reduced. The output of all refined oils except kerosene increased considerably over 1924 to new high records. Exports of gasoline increased over 1924 and made a new high mark in December. Stocks of gasoline and kerosene increased in the early part of the year and thereafter declined, while gas and fuel oil and lubricating oil increased their stocks toward the end of the year. Prices of refined products, except gasoline, increased at the end of the year, but only gasoline and gas and fuel oil averaged higher than 1924 for the year. AUTOMOBILES Petroleum output exceeded the 1924 figures throughout almost the entire year, but stocks declined gradually Although automobile output made successive large declines in November and December from the October high record, the December total was over 100,000 cars above a year ago and the year 1925 made a new high record in production of both passenger cars and trucks. Exports of automobiles increased during the last two months of the year and for the year were 70 per cent larger than in 1924, the previous record. Exports from Canada also rose to new high levels. Assemblies of American cars in foreign countries were larger than in either of the two previous years when such records were kept while exports of accessories and parts in 1925 were only exceeded by the year 1920, when prices were much higher. COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS [December, 1925, is latest month plotted] 550 TTT 1 M ' 1926-CUMULATiVES '-1925 6,000 T 550 500 5 O BUILDING CONTRACTS AWARDED* ( 2 7 STATES) 450 g 400 r~ m -o O 350 g O I 2 3 4 5 6 7 8 9 10 I! YR. 300 O I 250 z O 1924-CUMULATSVES - | 924 200 gj ,50 TOTAL AUTOMOBILE PRODUCTION 50 2 1922 3 4 5 6 7 8 9 10 if YR. I I I I | I I I I I I I I I I 1923 1924 1925 § I O 17 HIDES AND LEATHER NEWSPRINT PAPER PRODUCTION AND MILL STOCKS With the decline in imports of hides during the latter part of the year, 1925 imports were only slightly above those for 1924, with goatskins and sheepskins alone making increases. Stocks of hides were higher than at the corresponding dates of 1924 beginning with April. Prices of hides averaged higher than in 1924, although December quotations were lower than a year [December, 1925, is latest month plotted] Sole leather output was slightly higher than in 1924, with little change shown in upper leather. Exports, on the other hand, showed a decline for sole leather from 1924 and an increase in upper leather. Leather prices were slightly lower in December than a year ago, the yearly average, however, being higher in 1925. Both production and exports of boots and shoes increased slightly over 1924 and. prices averaged somewhat higher. Belting sales were also higher than in 1924, and more gloves were cut, especially from imported leather. RUBBER Imports of rubber were 20 per cent larger than in 1924, the December figures making a high mark. World shipments increased steadily throughout the year, while stocks in England declined rapidly until in July they were 90 p'er cent less than a year before. Consumption of rubber, based on three quarters of the year, increased over 1924, although the third quarter declined from the second, and more rubber was reclaimed. Tire production increased to new records for the year, except for solid tires, while stocks showed a declining tendency after the spring. PAPER Paper production for most grades was larger in 1925 than in any postwar year. Except for wrapping and fine paper, stocks on hand were less at the end of of December than a year ago. Imports of newsprint paper were larger than in previous years though the December total was lower than a year ago. Newsprint prices were slightly lower than in 1924. Publication of books and shipments of sales books by manufacturers both were larger than in previous postwar years. Printing activity showed little change from the 1924 average. Mechanical wood-pulp output was less than in 1924, but chemical was greater. Stocks of mechanical pulp increased considerably during the first half of the year but thereafter declined, though higher than at the corresponding month of 1924. Chemical pulp stocks, however, remained steadily below the corresponding 1924 dates. The price of sulphite pulp averaged higher for the year, with a considerable advance in December. BUILDING CONSTRUCTION AND HOUSING Building costs averaged lower in 1925 than in cither of the two previous years, due to a recession in the spring and stable costs thereafter. Building construction was far above the previous high mark of 1924 in both volume and value, all classes increasing over 1924 but industrial construction falling below 1922 and 1923 and educational below 1922 as far as floor space is concerned. Construction as a whole maintained a high level in the latter part of the year when contracts usually decline rapidly in a seasonal movement. LUMBER The principal species of lumber showed larger output in 1925 than in previous postwar years, although redwood declined from 1924. December totals of all species except redw^ood were well above the December, 1924, production figures. Shipments of all classes of lumber on which figures have been received were higher than in 1924, both for December and the entire year. Stocks on hand were generally above those held a year ago. Exports of lumber were practically the same as in 1924 owing to large December shipments. Prices were generally slightly less than in 1924, both for hardwoods and softwoods, though Southern pine flooring rose steadily in the last few months. Production, orders and shipments of both maple and oak flooring were higher in 1925 than in 1924, the oak flooring figures being the highest recorded, but the December figures for maple flooring were lower than a year ago. Stocks of both kinds of flooring were higher than a year ago at the end of December and for the year's average, while unfilled orders increased over a year ago for oak but declined for maple. More piano benches and stools were shipped in 1925 than in 1924, but unfilled orders at the end of the vear were less. 18 STONE, CLAY, AND GLASS PRODUCTS Shipments of common brick were larger than in 1924, due to large gains in the latter part of the year, while unfilled orders showed less than the usual seasonal decline in the fall and averaged higher on December 31 than a year ago. Average stocks were higher than in 1924 but at the end of the year stocks were less than in December, 1924. The price of common brick averaged less than in 1924, although higher in December than a year ago. Face-brick output and shipments were larger than in 1924, and stocks and unfilled orders averaged higher, both for December 31 and for the year as a whole. Architectural terra cotta bookings increased over 1924, the December figures being half again as large as a year ago in tonnage. 1925. Production, stocks, and apparent consumption of acid phosphate all increased in December over both November and a year ago. Fertilizer exports for 1925 were slightly larger than in 1924, December shipments being the largest since May, 1924. Imports of potash and of nitrate of soda were both slightly above the 1924 imports, though less in the December comparisons. IMPORTS OF POTASH AND NITRATE OF SODA [December, 1925, is latest month plotted! CEMENT: PRODUCTION, SHIPMENTS, AND STOCKS [December, 1925, is latest rnoritb plotted; Paving brick output was larger than in 1924, although less than a year ago in the last few months of the year. New orders and shipments were slightly higher than in 1924. Stocks averaged higher arid unfilled orders less, but on December 31 unfilled orders were slightly higher than a year ago. Cement output and shipments again increased to new high levels and larger stocks were maintained throughout the year. Prices were about the same as in 1924. More concrete pavements were contracted for in 1925 than in previous years, although December lettings were less than a year ago. Federal-aid highways under construction averaged less than in 1924. Production and shipments of illuminating glassware were higher than in 1924, both for Dec ember and the year as a whole, while net orders also increased for the year but declined in December from a year ago. Plate glass output increased to a new high level in 1925, with a seasonal recession at the end of the year. CHEMICALS AND OILS Exports of sulphuric acid declined from 1924, particularly in the latter part of the year. Trie price remained constant for the greater pail of 1924 and Production of explosives increased slightly over 1924 for the year's average and for December, while shipments made a slight decline in both comparisons. In spite of declines in the latter part of the year, sales averaged the same as in 1924, while 1925 stocks averaged higher than in 1924 but were lower in the last three months of the year. Turpentine and rosin receipts at Southern ports declined slightly from 1924 and were also less in December. Stocks 011 December 31 were less than a year ago, though turpentine stocks averaged higher than in 1924 for the year as a whole. Acetate of lime output and shipments increased over 1924, while stocks on hand were reduced considerably. Exports were slightly less than in 1924 and the price also averaged less, though advances occurred in November and December. Crude methanol output and shipments were slightly higher than in 1924, but much higher in December than a year ago. Stocks were reduced and exports also declined, though December shipments were the highest since August, 1921. The price of crude methanol averaged less than in 1924. Wood was consumed in carbonizing at a higher rate than in 1924, but stocks of wood were reduced. Outside of considerable advances in essential oils and in oils and fats, most groups of oils and chemicals averaged about the same in price as in 1924, and in December the principal changes from a year ago were an advance in essential oils and a decline in crude drugs. 19 Imports of vegetable oils declined from 1924, though, gains were made in the last three months of the year. Exports of vegetable oils increased. Cottonseed oil production and stocks, as well as stocks of cottonseed, increased over 1924, both for December and for the calendar year. There was little change in the price of cottonseed oil. Oleomargarine consumption was less than in 1924 in the earty part of the year but increased in the last half. Flaxseed receipts and shipments were less than a year ago both for December and the entire year, while stocks were higher. Linseed oil and oil-cake were shipped in much greater quantities than in 1924 from Minneapolis. CEREALS The visible supply of wheat in both the United States and Canada averaged less than in 1924, but a larger supply was held in Canada in the last four months of the year with the advent of its large crop. With the smaller wheat crop in the United States in 1925, receipts and shipments were less than a year ago and exports also declined. Canadian exports also averaged less than in 1924 though increasing in the latter part of the year. Wheat prices averaged higher than in any year since 1920. Flour production, shipments, and stocks all averaged less than in 1924 owing to declines in the latter part of the year. Exports of wheat flour were less than in any year since the beginning of the war, while prices were higher than in any year since 1920. Canadian exports also declined from 1924, though increasing at the end of the year. The large corn supplies held in the early part of 1925 brought the yearly average above 1924, though decreases occurred in the fall months. Receipts and shipments of corn averaged less than in 1924, though, with the advent of the new large crop in November, increases began over a year ago. Exports of corn rose steadily during the latter part of the year, but were insufficient to offset the decline of the earlier months in the yearly average. Corn prices for the year averaged higher than at any time since 1920 in spite of the decline in the last few months. Barley receipts and exports were both larger than in any year since 1919, but were less than a year ago in the last few months of 1925. The price of barley was higher than in 1924, though lower at the end of the year. Rye receipts and exports both declined from 1924, while the price of rye was higher. Receipts of oats were less than in 1924 but exports were much greater. The price of oats was lower than a year ago. Rice receipts and shipments were less than in 1924, and stocks also averaged less. Imports increased over a year ago and were larger than exports for the first time since 1918, exports being the smallest since 1914. In spite of increases in November and December, hay receipts were less than in 1924. Car-lot shipments of onions, potatoes and citrus fruit were all smaller than a year ago. both for December and the year. Apple shipments increased over both periods and storage holdings increased over December 31, 1924, though averaging less for the year. MEATS AND DAIRY PRODUCTS The movement and slaughter of cattle and calves was heavier in 1925 than in the previous year, each month with few exceptions showing increases over the corresponding months of 1924. Prices of cattle and calves exhibited weakening tendencies toward the close of the year, but for 1925 averaged more than 10 per ceDt higher than in the preceding year. The movement and slaughter of hogs was smaller in 1925 than in the preceding year, almost every month recording declines from the previous year. Prices of hogs exhibited an increase of more than 40 per cent in 1925 as compared with the preceding year. PRODUCTION, EXPORTS, AND STORAGE HOLDINGS OF PORK AND PORK PRODUCTS [December, 1925, is latest month plotted] The movement and slaughter of sheep and lambs in 1925 showed little change from 1924, while prices continued to advance toward the end of the year, making the yearly averages more than 5 per cent higher than in 1924. Production of beef in 1925 was larger than in the previous year, practically each month showing increases over the corresponding month of the previous year. Storage holdings of beef at the end of the year were 40 per cent smaller than at the end of 1924, while the wholesale prices of steer rounds for the year averaged higher than in 1924. Production of pork products was almost 15 per cent smaller in 1925 than in the preceding year. Storage holdings of pork products on December 31 were considerably smaller than a year earlier, while prices of smoked hams were higher, the average quotations for the year being more than 30 per cent ahead of 1924. Production of lamb was greater than in 1924, while storage holdings at the end of the year were about 35 per cent smaller than at the end of 1924. 20 Receipts of poultry at the five principal markets were smaller in 1925 than in the previous year and storage holdings at the end of the year were about 15 per cent smaller than at the end of 1924. The total catch of fish during 1925 was more than 15 per cent heavier than in 1924, but storage holdings on December 15 were about 15 per cent smaller than a year earlier. Receipts of butter at the five principal markets were lighter than in 1924, despite heavier receipts during the last quarter of the year. Storage holdings of creamery butter at the end of the year were about 20 per cent lighter than at the end of 1924. Average prices for creamery butter exhibited weakening tendencies in the last two months, but for 1925 as a whole average quotations were 10 percent higher than in 1924. Receipts of cheese at the primary markets were larger in 1925 than in 1924, due primarily to larger receipts during the last half of the year. Storage holdings of American cheese at the end of 1925 were more than 15 per cent larger than at the end of the preceding year, while for the last three months of the year a declining price tendency was reported. Egg receipts in. 1925 were practically on the same level as the preceding year, while cold-storage holdings of case eggs at the end of the year were more than 50 per cent heavier than at the end of 1924. Receipts of coffee in Brazil were smaller than in 1924, while the visible supply at the end of the year was smaller than a year ago. Imports of coffee into the United States were smaller than in the previous year, while the visible supply in the United States on December 31 was more than 30 per cent larger than at the end of 1924. Imports of tea were almost 10 per cent larger in 1925 than in the preceding year. TOBACCO The tobacco crop, according to the final estimate, was about 7 per cent larger than in 1924. Sales of unmanufactured tobacco at loose-leaf warehouses in 1925 were about 30 per cent larger than in the preceding year, the greatest increases occurring during the last half of the year. Exports of leaf tobacco were smaller than in 1924, while tobacco stocks at the end of the year were about 6 per cent greater RELATIVE CONSUMPTION OF CIGARS AND CIGARETTES [1913 monthly average=100. December, 1925, is latest month plotted] SUGAR, COFFEE, AND TEA Imports of raw sugar were about 8 per cent heavier than in 1924, while the receipts of the domestic crop were more than 25 per cent smaller. Meltings of sugar were about 12 per cent larger than in 1924, increases occurring in practically every month over the corresponding period of 1924. Stocks of raw sugar held at RAW SUGAR: IMPORTS, MELTINGS, AND REFINERY STOCKS [December, 1925, is latest month plotted! than at the end of 1924. Consumption of manufactured tobacco and snuff v/as slightly smaller than in the preceding year, increases in the last quarter being insufficient to offset declines in the preceding nine months. Consumption of cigars, as seen from taxpaid withdrawals, was about 2 per cent smaller than in the preceding year while the consumption of cigarettes increased more than 10 per cent. Cigarette exports, however, were more than 20 per cent smaller than in 1924. WATER TRANSPORTATION 1925 I refineries at the end of the year were almost three times as large as a year earlier. Exports of refined sugar during the year were about 75 per cent larger than in 1924, with the greatest increases noted in the last quarter. Wholesale prices of raw and granulated sugar continued to average higher during the last few months of the year, but in 1925 on the whole were 25 per cent less than in 1924. Traffic through the Sault Ste. Marie canals was mure than 10 per cent heavier in 1925 than in the previous year, almost every month showing increases over the corresponding month of 1924. River traffic on the Ohio and Mississippi was likewise heavier than in 1924. The tonnage of vessels clearing American ports for foreign trade was also larger in 1925, the increase in the tonnages of foreign bottoms more than offsetting the decline in the tonnage of American vessels. Ship construction in 1925 was on a slightly larger scale than in the preceding year while ocean freight rates showed relatively little change. 21 RAILROADS The number of cars loaded with freight during 1925 was more than 5 per cent larger than during the preceding year, practically each month of the year showing an increase over the same month of 1924. Despite the large carloadings there was a larger available surplus of freight cars at the end of December than at the end of the same month of the year previous, while for 1925 as a whole, car surplusages averaged about 5 per cent greater than in the preceding year. Freight cars in bad order at the end of the year were smaller in number than at any time during the past two years, being equivalent to about 7 per cent of the total number of cars in use. Only about half as many freight cars were ordered from manufacturers in 1925 than in the preceding year, but the last two months of the year recorded larger orders than in the corresponding period of 1924. consistently during 1925 and for the year as a whole averaged about 17 per cent to the total number in use. New orders for locomotives during the last quarter of the year were heavier than in the corresponding period of 1924, but, on the whole, orders in 1925 were about 30 per cent smaller than in 1924. Unfilled orders for locomotives at the end of the year were about 80 per cent larger than at the end of 1924. SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES [December, 1925, is latest month plotted] 70 r SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS fDecember, 1925, is latest month plotted] DISTRIBUTION MOVEMENT The total number of locomotives on railroad lines averaged smaller in 1925 than in the preceding year while the tractive power averaged higher, this condition being due to replacements of larger units. The number of bad-order locomotives declined almost Sales by mail-order houses in December were larger in volume than in either the previous month or December, 1924. For the year as a whole, the volume of business by the two leading houses was about 16 per cent greater than in 1924. Sales by ten-cent chain stores were seasonally larger than in November and more than 15 per cent greater than in December, 1924. As in the case of mail-order houses, ten-cent chain stores recorded a substantial increase in the volume of business in 1925 over the preceding year. In the case of ten-cent stores, there was an increase of about 4 per cent in the number of unit stores operated during the year, comparing with an increase of upwards of 13 per cent in the aggregate volume of sales. LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS [December, 1925, is latest month plotted] 22 demand deposits were also larger. Interest rates exhibited an increasing tendency throughout the year and at the end of 1925 were one-fourth and three-fifths higher than at the end of 1924 for commercial paper and call loans, respectively. Savings deposits continued to mount and at the end of the year were 7 per cent larger than a year earlier. Sales by grocery chains, drug chains, cigar, shoe, music, and candy chains also showed larger volume than in 1924, the principal increases occurring in the sales by grocery and music chains. Department store trade also recorded an increase over the preceding year with advances in all districts. Stocks of merchandise held by department stores averaged slightly higher in 1925 than in the previous year but stores in the Boston, Atlanta, and San Francisco districts had lower average stocks. Wholesale trade was larger in volume than in the preceding year, increases occurring in all lines for which comparable data are available, except groceries. BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS [December, 1925, is latest month plotted] 3,000 , LIFE INSURANCE New business of life insurance companies in December was the largest on record since monthly figures became available in 1921. For the year 1925, all types—ordinary, industrial, and group—showed substantial increases over 1924, with group reporting an advance of about 70 per cent over the preceding year. Since 1913, group insurance business has increased almost 50 fold. Sales of ordinary insurance showed the greatest percentage increase over 1924 in the western agricultural section where the advance was about 18 per cent. The Southern States came second with about 16 per cent, followed by eastern manufacturing, the western manufacturing and the far western districts. Admitted assets of life insurance companies continued to mount and at the end of 1925 were 10 per cent larger than at the end of the preceding year. Real estate investments of life insurance companies, with an increase of about 14 per cent, contributed the greatest single amount. BANKING 1920 | | ! | I | I I I | I I j 1821 1922 ! 1923 I !924 j 1925 Prices of stocks continued in December the upward tendency both as respects industrials and railroads. Average quotations for the year for each class were substantially ahead of the previous year. Prices of bonds also averaged higher than in 1924, the principal increase being noted in prices of second grade rails. The aggregate turnover of stock on the New York Stock Exchange was smaller than in either of the two preceding months, but for the year as a whole the volume of sales was 62 per cent greater. Sales of bonds, on the other hand, were smaller in 1925 than in the preceding year. Dividend and interest payments scheduled for distribution during January were more than 10 per cent larger than in January, 1925. For the calendar year 1925 payments to investors were, on the whole, 6 per cent greater than during 1924 with the total payments of dividends 5 per cent greater. Check payments, both in and out of New York City, w^ere larger in December than in either the preceding month or a year ago. For the year 1925 payments by check in New York City were 19 per cent larger in volume than in the preceding year as j LOANS AND DISCOUNTS AND TOTAL INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS against an advance for the country outside of New ! York amounting to 12 per cent. | [December, 1925, is latest month plotted! Bills discounted by Federal reserve banks continued to increase and at the end of 1925 were much larger than a year earlier. Federal reserve notes in circulation, although exhibiting an increasing tendency since the middle of 1925, \vere smaller than at the end of 1924. Investments of Federal reserve banks at end of the year were larger than a year "earlier while the reserve ratio was lower than at any time since 1921. Loans and discounts of Federal reserve member banks continued to mount and at the end of 1925 showed accommodation 9 per cent greater than at the end of 1924. Investments of member banks, and net 23 PUBLIC FINANCE The gross debt of the Federal Government continued to decline and at the end of the year was over 4 per cent Jess than a year ago. Customs receipts in December were greater than in December, 1924, and the calendar year 1925 showed an increase over the previous year of about 1 per cent. Money in circulation at the end of the year continued to increase but on a per capita basis was smaller than at the end of 1924. Agricultural loans outstanding increased during December and at the end of that month were considerably higher than a year ago for all agencies engaged in this operation except the War Finance Corporation. CORPORATE FINANCE The capital of new~ corporations chartered in December was smaller than in the preceding month but almost 40 per cent larger than in December a year ago. For the year 1925 new incorporations were 40 per cent ahead of 1924. New corporate securities issued in December were smaller than a year ago but for the year 1925 the value of new corporate securities was more than 10 per cent larger than in 1924. Business failures in December were larger both in liabilities and in number than in the preceding month, but in both respects were smaller than in December of 1924. For the year as a whole the liabilities of failing firms were about 18 per cent smaller than in 1924 while the number of firms failing in 1925 was about 3 per cent greater. Smaller liabilities were shown in 1925 among manufacturers, trading establishments recording an advance in defaulted liabilities as compared with the preceding year. Liabilities of failing banks during the last quarter of the year were larger than in any similar period since the first quarter of 1924, while for the year as a whole, 1925 showed smaller bank failures than either 1923 or 1924. BUSINESS FAILURES, BY CLASSES OF ESTABLISHMENTS [Data plotted are 12 months' moving monthly averages. December, 1925, is latest month plotted.] BROKEN LINES DENOTE MANUFACTURING ESTABLISHMENTS 24 GOLD AND SILVER Receipts of gold at the mint, although smaller than in November, were larger than in December, 1924, but for the year 1925 a decline from the preceding year was noted. Imports of gold were smaller than in either the previous month or a year ago, while exports showed similar comparisons. For the first time since 1919 the annual gold movement showed an excess of exports over imports, GOLD TRADE BALANCE, SHOWING EXCESS OF IMPORTS AND EXPORTS [December, 1925, is latest month plotted] year ago, while imports, although smaller than a year ago, were larger than in November. As in 1924, the silver movement showed an excess of exports over imports. Of the exchanges on principal countries, the Japanese yen alone showed an increase in December over the quotations in the preceding month, while declines were noted in the rates on the French franc, the Canadian dollar, the Argentine peso, and the Brazilian milreis. Imports of merchandise into the United States were larger than in either the preceding month or a year ago, while for the calendar year 1925, 17 per cent more merchandise in value was imported than in 1924. Exports of merchandise from the United States in December were larger than in the preceding month or a year ago, while compared with 1924 the year's movement was about 8 per cent larger. IMPORTS AND EXPORTS OF MERCHANDISE [December, 1925, is latest month plotted] FOREIGN EXCHANGE AND TRADE Silver production, although larger than in November, was smaller than in December; 1924, The year 1925 as a whole likewise recorded a decline from the preceding year. The price of silver in New York in December exhibited the same weakening tendency of the preceding month, but the 1925 average was 3 per cent higher than 1924. Exports of silver were smaller in December than in either the u preceding month or a 25 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production in various groups of industry and commerce. Data for previous periods are given in the detailed table on page 26. The data covering the other indexes usually found in this table are given in the detailed tables covering each particular subject. Minimum since Jan. 1, 1920 PRODUCTION PER CENT INCREASE (+) OR DECREASE ( — ) 1935 1924 Maximum since Jan. 1, 1920 j Decem- October October November ber ^®m" "isr December, 1925, from November, 1925 December, 1925, from December, ] 924 -1. 1 | i (Relative to 1919 monthly average as 100) RAW MATERIALS 179 Grand total 179 73 156 14S Petroleum ituminous coal 4nthra,cite coal. Iron ore* Copper Lead Zinc Gold Silver 145 141 -2. 8 — 1. 6 -1. 0 + 3. 8 + 100. 0 0. 0 + 3. 0 -f-6. 3 + 3. 0 — /. 7 + 1. 0 l MINERALS Total 157 146 216 137 121 148 188 138 131 145 62 105 41 0 0 17 74 38 57 80 i i ! i 135 190 125 105 71 137 168 112 129 119 179 108 92 26 135 165 112 108 119 124 180 119 101 0 134 163 123 92 120 132 204 137 I 89 140 188 124 130 98 124 195 131 2 54 133 174 134 104 104 122 193 136 4 0 137 185 138 96 105 135 69 115 131 83 39 313 138 93 102 177 71 43 390 115 ,00 130 136 91 141 60 139 122 138 119 41 111 103 76 36 314 it* JJ ' 123 31 100 117 71 53 345 54 136 -24. 4 -9. 9 + 13. 6 -6. 6 + 47. 2 + 9. 9 -37. 9 + 2. 2 — 10. 9 -66. 7 -2. 0 — 33. 9 0. 0 + 23. 3 — 11. 5 -23. 9 + 4. 6 + 24 5 -28. 9 -52. 6 -13. 7 -2. 2 + 3. 8 + 3. 0 -6. 5 — 1. 2 + 2.1 + 27. 4. — 1. 6 +72 + 14. 3 — 96. 0 0. 0 + 2. 2 + 13. 5 + 12. 2 + 4. 3 -12. 5 ANIMAL PRODUCTS (marketings) -he. 4 Total _ _ Wool* Cattle and calves Hogs Sheep Eggs * Poultry * Fish Milk (New York^ 138 227 143 177 153 245 390 163 190 19 58 1 64 54 30 21 45 94 62 133 107 146 62 138 117 136 CEOFS (marketings) Total Grains * Vegetables * Fruits * _ Cotton products * Miscellaneous crops * 246 242 254 405 310 170 49 43 58 50 19 19 246 242 228 357 278 120 195 166 141 184 271 120 158 133 92 84 234 106 196 106 234 274 310 114 174 110 121 175 277 138 164 137 86 83 239 135 118 116 120 151 109 — 2. 5 -3. 3 -3.2 + 15. 3 + 0.9 + 9. 3 + 11.5 + 9. 0 -23. 0 + 14. 7 105 110 134 142 86 119 186 113 167 104 119 -3. 9 0.0 + 9.4 + 4. 8 + 2. 3 -1. 4 + 11.7 + 4. 4 + 2. 8 15 0 + 5. 0 -10. 3 -8. 5 + 8. 8 + 8.8 + 1.0 + 0. 9 + 9. 8 + 11. 8 + 3. 6 + 12. 3 + 7.5 -2. 6 + 12. 1 + 4. 0 + 25.3 oo : FOREST PRODUCTS Total Lumber Pulpwood Gum (rosin ann turpentine) * Distilled wood 135 137 164 267 149 61 1 59 51 20 24 123 121 121 169 98 114 111 115 179 96 108 104 110 196 95 137 137 119 178 104 121 120 124 131 108 133 137 129 130 147 166 115 121 191 164 195 132 148 64 77 54 32 57 63 69 92 69 71 70 37 71 : 116 114 110 100 101 106 131 81 102 166 128 152 106 100 113 113 104 109 122 127 83 106 173 116 149 100 95 131 136 112 108 130 166 96 118 188 158 193 132 148 123 96 105 131 144 77 114 181 133 159 116 130 MANUFACTURING Grand total (adjusted for working davs) Grand total (unadjusted) Foodstuffs Textiles _ Iron and steel Lumber Leather Paper and printing Chemicals, oils, etc Stone and clay products Nonferrous metals Tobacco Miscellaneous 121 112 111 105 144 96 113 165 143 163 123 121 ' Fluctuations between maximum and minimum due largely to seasonal conditions. 26 Table 1.—INDEXES OF PRODUCTION [Index numbers for base year in boldfaced type FEDERAL RESERVE BOARD INDEXES DEPARTMENT OF COMMERCE INDEXES Raw materials 2 Manufacturing (64 commodities)1 YEAR AND MONTH Unadjusted Minerals (9 commodities) Total Adjusted Relative to 19091913 av. Relative to 1919 1919 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average monthly average monthly average 1933 September. .. October November December.. January February March April. . ___ 1924 - _ _. May. _ June July August ... September October November December _ Manu3 AgriculfacturCrop Animal ture 3 (40 Mining ings (8 comForestry commarket- products modi- (48 comings (26 (9 com- (13 com- modimodities) commodities) modities) modities) ties) ties) 22 basic commodities ^ (corrected for seasonal element) Relative to 1919 100 98 79 101 119 113 125 100 98 79 101 119 113 125 100 98 103 107 113 118 115 114 126 98 109 147 138 144 10O 111 91 95 131 123 127 100 94 112 113 102 118 111 100 95 98 106 117 117 113 100 102 86 110 121 119 126 100 91 105 110 108 117 111 100 117 92 95 132 122 127 100 102 80 104 124 115 129 100 105 80 98 120 108 116 113 123 113 105 118 118 113 109 129 155 140 129 153 167 149 135 130 145 131 125 144 184 158 133 108 122 123 129 124 132 120 106 128 158 144 130 126 143 130 123 118 129 119 109 114 118 116 110 118 117 124 118 113 122 124 118 109 101 94 87 140 134 132 117 130 124 122 108 93 87 71 54 119 105 107 118 111 114 117 129 105 96 88 77 138 130 128 110 123 124 128 123 121 121 117 114 112 100 101 109 108 104 101 109 94 89 97 121 139 138 142 142 12Q 117 121 122 60 56 73 129 124 117 117 108 132 120 111 124 87 100 120 114 110 113 116 113 98 97 105 104 94 95 94 114 121 110 112 114 116 114 112 152 179 156 143 117 156 134 135 128 135 120 124 193 246 195 158 110 112 125 138 119 123 114 108 152 193 160 143 124 134 122 130 113 124 113 117 103 109 108 117 122 115 129 130 117 124 129 130 120 95 97 86 145 124 129 130 133 113 118 117 119 81 75 49 113 102 112 115 116 111 125 130 118 88 86 72 Ml 119 123 118 127 120 134 132 127 124 120 119 128 127 129 121 128 127 129 121 91 93 97 114 153 152 160 165 131 131 136 142 55 55 69 106 114 120 111 107 133 134 126 132 79 83 88 104 125 125 129 136 129 125 126 121 111 110 113 109 122 136 123 123 122 131 128 123 150 157 145 111 145 154 141 131 125 132 124 120 191 196 174 164 105 115 119 123 131 137 120 120 152 166 149 148 121 130 125 129 126 141 129 129 111 116 115 121 i 87 1925 January February March April May June... July August _ September October November December _ 1926 January February M^arch April May June i | i jl ! ; i i 1 Weighted average of 64 c< industry, based on value added January, 1924, issue (No. 29) of enabling comparison of productive activity to be made on a basis of 26 working days for each month. Details of the method employed appear in January, 1925, issue (No.2 41), p. 28. Weighted averages, compiled by the U. S. Department of Commerce, Bureau of the Census, representing 87 per cent of minerals, 94 per cent of crops, 99 per cent of marketed livestock and its products, and 80 per cent of forest products: For details, see the following issues of SURVEY OF CURRENT BUSINESS: Minerals, May, 1922 (No. 9) and September, 1922 (No. 13); crops, July, 1922 (No. 11); animal products, June, 1922 (No. 10); forestry, August, 1922 (No. 12); total, September, 1922 (No. 13). The indexes relative to 1919 are weighted in accordance with production in that census year, while the mineral index relative to the five-year pre-war average is weighted by the average value of mineral production in the years 1909 to 1913. 3 Weighted averages compiled by the Federal Reserve Board: For details see issues of the Federal Reserve Bulletin for March, 1922, and March, 1924. 4 Weighted averages compiled by the Federal .Reserve Board and corrected for seasonal variations: For details, see December, 1922, issue of the Federal Reserve Bulletin. 27 Table 2.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS [Index numbers for base year in boldfaced type] STOCKS i (held at end of month) Unadjusted indexes YEAR AND MONTH Total 2 Raw material for manufacture Raw foodstuffs UNFILLED ORDERS 2 Adjusted for seasonal element Manufactured foodstuffs Manufactured commodities Raw foodstuffs Total 2 Raw material for manufaci ture Manufactured foodstuffs Manufactured commodities Total monthly average 100 monthly average 96 monthly average . . . 132 monthly average 126 monthly average. .. 119 monthly average . - . 134 monthly average 145 100 100 89 161 192 144 151 169 106 147 110 111 119 138 100 94 78 72 81 85 78 100 73 Building materials Relative to 1920 Relative to 1919 1919 1920 1921 1922 1923 1924 1925 Iron and steel 98 135 117 130 162 173 ' 1 i 100 100 100 47 62 74 52 56 48 54 57 39 43 41 95 129 106 109 87 77 68 60 71 65 59 53 1923 154 May June Julv August 104 103 102 104 130 110 93 96 83 82 78 83 86 94 94 116 121 129 131 113 118 117 128 143 146 134 133 93 95 94 111 79 88 87 85 117 121 128 136 September October November December 113 127 132 135 108 120 133 147 114 168 161 149 88 80 77 76 135 141 152 159 121 121 124 128 119 113 122 141 118 130 123 119 83 80 82 81 140 141 147 146 58 54 53 58 49 44 43 45 95 91 94 109 1934 January February March April 132 140 145 135 148 182 209 174 130 116 103 97 76 77 75 73 157 161 164 165 134 135 136 136 157 166 171 161 125 117 110 109 74 75 79 86 161 161 161 163 63 63 61 54 47 47 46 40 130 129 124 112 128 124 121 120 148 128 112 114 90 84 82 83 74 87 100 102 168 169 164 159 140 133 129 133 174 151 145 156 105 98. 95 100 86 87 89 87 169 169 161 164 47 43 44 46 35 32 31 32 98 87 96 107 September October November December 127 142 144 153 119 145 154 183 116 168 181 174 100 93 83 82 157 157 158 162 134 135 135 141 145 148 152 176 118 130 134 136 90 86 84 88 165 160 155 152 46 43 53 62 34 34 42 49 97 81 99 114 1925 January February Mi arch April 162 164 160 144 216 230 236 195 156 137 120 105 85 83 73 69 172 178 176 176 155 151 150 141 186 181 193 172 149 139 130 120 87 86 80 74 178 177 173 174 62 63 58 54 50 50 46 42 115 115 105 104 135 136 126 125 170 164 122 118 94 91 87 93 64 76 91 91 177 179 175 173 145 143 134 143 190 182 149 158 108 104 104 124 73 76 83 78 177 178 173 185 53 51 51 52 39 37 36 36 107 106 113 121 140 143 146 159 133 120 134 181 159 201 202 210 87 77 73 71 171 172 172 171 149 132 134 145 160 113 128 171 161 151 150 165 79 73 74 75 181 176 170 160 52 53 58 64 38 43 47 51 109 94 101 191 May June July _ August Mi ay June July August _ - _- September October November December 1936 January February Mi arch April Miay June -- 125 104 90 1 I ii 1 1 Weighted index of stocks of commodities in hands of manufacturers or in other visible hands at the end of each month compiled by the U. S. Department of Commerce, Bureau of the Census, from data on 45 commodities. Details are given in the February, 1924, issue (No. 30) of the SURVEY OF CURRENT BUSINESS, while seasonal eliminations are given in the April, 1924, issue (No. 32). 2 Weighted index of unfilled orders of manufacturers in the iron and steel and building industries at the end of each month compiled by U. S. Department of Commerce, bureau of the Census: For details see May, 1923, issue (No. 21). 28 Table 3.—INDEXES OF WHOLESALE PRICES [Base year in boldfaced type] COMPILED BY U. ^DEPARTMENT OF LABOR 1 Farm products YEAR AND MONTH Food, etc. Metals Cloths Fuel and and and cloth- lighting metal proding ucts DUN'S 2 BRAD- 2 All ! (1st of STREET'S (1st of commonth) month) modities Build- Chemi- Houseing Misceland furnishing mate- cals laneous drugs goods rials i 95 65 404 20 31 25 300 43 96 37 32 commod- commod- commod-l commod- commod- commod-i commod- commod- commod- commod- commod- commodities ities 1 ities ities ities ities ities ities ities ities ities ities 56 1 Index numbers relative to 1913 I ! 1913 1914 1915 1916 1917 1918 1919 monthly average monthly average monthly average monthly average monthly average monthly average monthly average 100 ! 103 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly avenge monthly average 100 102 105 121 167 188 207 100 98 98 127 175 228 253 100 93 88 126 169 370 181 100 85 99 162 231 187 162 100 92 94 120 157 172 201 109 101 134 1S1 202 215 169 100 100 100 106 125 153 184 100 95 95 121 148 156 i- 100 98 101 127 177 194 206 218 124 133 141 i 143 i 158 ' 220 144 138 144 144 295 ISO 181 200 190 189 241 199 218 185 172 17? 192 129 122 14-i 134 130 264 165 168 3S9 176 200 136 124 196 130 134 254 195 176 183 173 170 117 123 116 134 226 147 149 154 150 159 144 144 146 145 147 148 148 147 202 199 201 203 176 172 367 162 144 142 1-1 142 IS'7 182 181 178 129 130 130 183 183 176 176 121 120 118 116 144 143 137 139 143 143 141 137 200 196 191 189 169 180 181 179 142 143 144 1^9 1s-'! 1S2 1H2 132 131 130 176 376 175 175 136 134 141 115 137 136 139 144 ,H7 187 1S8 190 177 175 173 170 334 "*32 130 130 ISO 127 127 127 130 1 rr£ 143 149 150 148 152 154 158 187 188 190 191 108 162 163 165 128 127 129 171 171 172 131 132 134 135 ] '"] January February. March _ April 163 162 161 153 160 157 159 154 191 191 191 190 168 178 174 169 ISO 136 134 129 179 183 180 174 May June Jtily_ ... August 152 155 162 163 153 155 157 159 188 188 189 190 168 172 170 327 126 126 127 September _ _. October November December _ .__ 160 155 154 152 160 158 160 157 189 190 188 187 170 172 175 175 127 128 130 J30 104 I 123 190 218 | 231 1933 September October November December... 100 101 105 123 J 199 190 191 100 97 107 128 170 203 203 207 141 142 157 ' 157 163 204 323 132 145 340 151 3 54 153 352 151 J 155 158 158 158 340 142 143 i 146 i i ]I7 113 113 1 33 151 152 150 1-iS 157 158 158 154 144 143 140 137 i ^2 111 112 115 147 345 147 1M, 153 152 153 155 136 133 133 137 149 171 172 !J6 120 123 129 156 158 160 164 139 141 145 147 135 134 134 173 173 170 171 127 125 125 129 160 101 161 156 167 169 167 161 151 151 150 149 171 170 172 133 133 135 171 170 169 169 138 143 138 155 157 160 160 160 161 162 164 145 148 150 155 174 174 176 177 136 135 135 135 168 168 166 166 135 138 3 -i 2 338 160 158 158 156 162 161 163 164 153 154 155 156 163 152 13 ! ! 1 ; ' : 1924 January February March. April __ _ „___ May. June JulyAugust _ 12* 169 169 179 171 171 i September October-. November December _ __ 153 1925 17-4 I 1 1 i i 1926 January _ February March April | May June ! 1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on monthly averages of weekly quotations of 404 commodities, arranged in 9 groups as given in the table. In computing this index, the price of each commodity is weighted by multiplying it by the estimated quantity of that article marketed in the census year 1919. For comparable yearly data since 1890 and monthly data for period 1900 to 1923, see Bulletin No. 367 of the Bureau of Labor Statistics, p. 126. Prices of the principal individual commodities making up this index are presented in the SURVEY under their respective headings. 2 Dun's and JSradstreet's index numbers are calculated as of the first of each month, and have been recomputed to a 1913 base from the actual figures as published in these journals. Bradstreet's index is the sum of prices per pound of the commodities, while Dun's is weighted by the amount "annually consumed by each inhabitant." Monthly data of Bradstreet's index from 1913 appeared in July, 1923, issue (No. 23), p. 45. 29 Table 4.—INDEXES OF WHOLESALE AND FARM PRICES [Base year in boldfaced type] 1 WHOLESALE PRICES 1 Agricul- Animal Forest Mineral Total raw prod- prod- prodtural products ucts ucts j products ucts YEAR AND MONTH FARM PRICES s Fruits Meat and aniGrain vegetamals bles All ConProcomducers'3 sumers* goods goods 3 iiiodi~ ties i 21 quotations 11 quotations 21 quotations 199 quotations 117 quotations 88 quotations 35 quotations 404 quotations 6 quotations Index numbers relative to 1913 1909-14 monthly av 1613 monthly average. . 1914 monthly average— 1915 monthly average. . 1916 monthly average.1917 monthly average— 1918 monthly average_1919 monthly average— 100 102 112 130 211 243 250 100 103 98 119 174 ; 203 221 100 92 90 102 135 157 211 100 92 97 138 191 181 180 100 99 101 126 187 205 218 1920 monthly average.1921 monthly aver age. . 1922 monthly aver age. _ 1923 monthly average.. 1924 monthly average. . 1925 monthly average- 255 134 145 168 173 175 186 : 110 125 122 120 j 143 ! 312 163 185 211 186 188 236 185 208 186 170 171 229 142 159 159 154 164 j j ! i \ ' n quotations 5 quotations Dairy and poultry products 4 quotations Cotton Unand cotton- classified seed 2 quotations All groups 31 quotations 5 quotations Index numbers relative to 1909-1914 average (fiscal years) 100 92 97 143 184 181 179 100 101 102 119 163 191 211 100 214 135 128 141 133 134 231 159 151 156 156 167 226 147 149 154 150 159 98 101 127 177 194 206 | 100 92 103 120 126 217 226 231 100 92 100 83 123 202 162 189 100 100 100 101 99 106 133 160 182 100 97 85 78 119 187 245 247 100 108 112 104 120 173 202 206 231 112 105 114 129 156 249 148 152 136 125 160 173 108 113 106 109 139 197 151 135 147 137 143 248 101 156 216 211 177 152 90 94 109 100 92 205 110 124 135 134 147 100 100 102 100 117 94 9o i 100 130 157 162 £ 176 ; : 200 209 i 1924 January F ebra ary March April 182 176 165 166 115 116 118 119 194 195 194 195 170 177 179 174 155 156 154 154 136 139 137 135 156 154 153 151 151 152 150 148 110 113 114 113 118 123 128 128 101 102 104 106 155 152 136 126 255 247 219 226 99 98 99 98 137 136 131 130 May June July August 168 165 176 175 115 109 114 123 195 182 175 175 171 168 167 168 152 147 152 154 135 130 130 131 150 151 153 156 147 145 147 150 114 116 130 141 132 146 142 138 107 105 103 116 123 123 122 123 222 219 215 219 94 95 101 103 129 130 132 139 September October November December 164 172 176 186 123 130 124 129 180 181 182 187 166 165 166 169 152 156 155 161 130 129 131 132 158 161 163 1.67 , 149 152 153 157 140 150 147 155 113 109 108 110 115 121 115 113 133 142 150 158 175 182 179 176 100 102 106 102 132 138 137 139 1925 January February March A pril 196 193 183 173 133 136 148 141 193 201 196 187 172 175 173 163 187 169 169 161 134 136 135 131 IPO i> ! >7 168 166 100 161 161 156 172 178 172 152 122 131 138 146 123 126 145 146 154 142 134 13] 182 183 195 189 94 96 94 94 146 146 151 147 M av June July August 176 175 173 175 134 141 154 155 189 181 180 185 167 167 168 170 160 1S2 106 168 131 135 137 134 iP>4 165 167 lr*8 155 157 160 160 159 164 152 157 162 184 173 178 139 139 148 149 132 132 134 139 184 183 186 186 87 86 88 96 146 148 149 152 169 162 160 163 155 147 139 135 184 185 187 191 172 174 176 174 136 162 160 159 131 133 135 134 169 166 168 166 160 158 158 156 148 135 138 140 142 152 194 194 143 141 136 136 141 154 162 163 178 171 144 139 90 90 95 92 144 143 144 143 143 214 140 153 138 87 143 Seotember October November December . _ . | | i ! | 1926 Jpnuary February March Aprl ' ! 1 ! || ii j | May Tune | . ! ! 1 . „ . 1 r ! First eight columns give the wholesale price index numbers of the U. S. Department of Labor, as reclassified by the Federal Reserve Board into the groupings as shown. The weights are the same as those used by the .Department of Labor and the total of all commodities is therefore the same. Monthly data from 1920 appeared in October, 1922, issue of the SURVEY (No. 14), p. 45. 2 Compiled by the Department of Agriculture, Bureau of Agricultural Economics, as of the 15th of the month. These indexes are based upon prices received by farmers throughout the country for their respective crops and animal products, as collected by the Department, and are weighted by the average annual marketings by fanners for the period 1919-23. For the detailed explanation of this index see August, 1925, monthly supplement to "Crops and Markets" published by the Department3 of Agriculture. The term ; ' consumers' goods " in general apples to those commodities which because of their finished condition are ready for consumption; the term "producers' goods " applies to those products which are essentially still in the raw state or semifinished condition requiring additional manufacture. 30 Table 5.—COST OF LIVING AND RETAIL PRICE INDEXES [Base year in boldfaced type] YEAR AND MONTH i FURNITURE AND MISRETAIL i RET AIL CLOTH- HOUSAND HOUSE CELLA- TOTAL FOOD ! COAL ING ING LIGHT FUR- NEOUS PRICES PRICES NISH0) | 0 INGS FUEL CLOTH- PTTF-L SUNFOOD SKELANI> OKIES I N G LIGHT ITEMS TER FOOS> Index numbers compiled by National Industrial Conference Board relative to July, 19 li 3 Index numbers compiled by U. S. 3>ept. of Labor relative to 1913 ^ 100. O 104. 0 110.6 127.8 100.0 100.0 103. 0 105. 1 118.2 100 103. 0 107.4 113.3 183. 4 150. (5 213. 6 244. 3 2S9. 6 140.5 165.8 181. 7 204.8 142. 4 174.4 188. 3 208.5 146 168 186 203 i1G/.3 r" o 131. 1 180. 1 183. 0 179.9 181.8 230. 1 205. 1 221. 1 217. I 214.3 207. 8 201.6 200.8 201.3 203.1 177.3 167. 3 170. 9 170. 7 175. 7 153 142 146 146 157 168. 0 177. 7 216. 0 201. 1 169. 1 100 102 100 102 104 100 100 104 100 101 109 105. 0 105.0 126.0 100. 0 101.0 104. 7 120.0 300.0 iOO. 0 101.5 102. 3 100 O 100 103 120 146 173 186 205 105 118 129 154 143 185 205 261 126 138 144 168 117 152 164 185 131 159 172 193 157, 0 187. 0 105. 5 198. 5 149. 1 205. 3 241. 6 223. 0 100. 1 109. 2 119. S 143.0 124. 1 147. 9 156 142 146 146 157 169 166 173 184 180 166 155 170 184 173 173 171 175 167 157 161 164 IG8 149. 3 141. 5 146. o 140. 1 160. 3 199. 7 172. 7 173. 5 170. 0 160.0 161. 2 104. 2 107. 8 174 183 179 180 169 167 1934 "M ay June July August 141 142 143 144. ISo 185 186 186 176 174 171 176 165 165 166 166 174 174 173 173 161 162 ] 6n i 163 | 142. 4 174. 2 September October November December 147 149 150 152 185 185 184 184 174 177 173 173 166 167 168 169 173 173 164 165 i 1 65 ! 166 1925 January February IVIarco April 154 151 151 151 184 183 182 182 174 172 173 171 169 169 169 165 175 175 May June July Ausust 152 155 160 160 182 182 179 179 172 174 175 175 163 164 165 186 175 175 175 175 165 167 16U > September 159 162 167 166 178 178 178 177 176 176 176 177 168 170 167 166 174 174 175 176 168 170 172 171 1913 ino. av -1914 mo. av.«_1915 mo. av.5- _ 1916mo.av. 5 __ 10O 100 111 1917 mo. av.5__ 1918mo.av.<>__ 1919 mo. av. 6 __ 1820mo.av.«__ 1921 1922 1923 1924 1925 6 mo. av. __ mo. a v . ' _ _ mo. av. 7 __ mo. av.7__ rno. av. s __ ' 100 100.0 175 175 | 172. 5 146. 8 167.8 171.3 151,5 167 165 165 165 169 1CL. 0 101. 0 108. 4 : 179.1 180. 5 141 142 143 144 | 214. 9 216.0 201.1 201.7 170.6 147 149 150 152 172.5 154 151 151 151 I 170. 6 155.0 168.2 i 167. 4 176.7 214. 3 202. 7 ; 100 102 101 114 100 100 104 118 127 151 171 ! s 189 190 191 191 ! 193 194 194 194 i : | 194 194 194 1 ; 187 152 155 160 160 173.5 ; 192 191 194 194 191 187 188 189 190 | November December 169.4 165.5 1936 January Alarch 159 162 167 166 j 167.1 186.9 214.3 203.5 177.9 196 (10) 0°) (w) i j \ 1 j 1 June | 1 1! i _ * The retail food price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, the prices of 22 articles of food being weighted according to their consumption in working men's families as reported by retail dealers in 51 of the largest cities as of the 15th of the month. Monthly data from 1913 appeared in Bulletin 396 of the 2 Bureau of Labor Statistics, p. 12. The retail coal price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, is based on an unweighted average of quotations on Pennsylvania anthracite, white ash, chestnut, as of the 15th of each month in 51 cities. The annual figures from 1913 through 1920 are based on two quotations a year, on January 15 and July2 15; thereafter monthly averages are used. ' Index numbers up to March, 1922, represent retail pricss on the first day of the month, except food, which is the retail food index of the U. S. Department of Labor Bureau of Labor Statistics, for the 15th of the preceding month. Beginning with March, 1922, all prices shown are as of the 15th of the month indicated. The index is weighted according to the estimated consumption of average wage earners before the war, on the following basis: Food, 43.1 per cent; shelter, 17.7 per cent; clothing, 13.2 per cent; fuel and light, 5.6 per cent; sundries, 20.40 per cent. Figures from 1914 to 1917 are based on July quotations: 1918 figures are for 2 months: 1919 for 3 months and thereafter4 monthly. Cost-of-living indexes represent averages for the month in 32 cities; food prices reported by 15 to 25 dealers in each city, fuel and light by 10 to 15 firms, including public utilities, in each city; other quotations secured directly from records. Rentals are based on 250 to 950 houses and apartments in each city, and for each item of clothing, furniture, and miscellaneous, four quotations are secured in each city (five in New York City). The index is weighted on the following basis: Food, 38.2 per cent; clothing, 16.6 per cent; housing, 13.4 per cent; fuel and light, 5.3 per cent; furniture and furnishings, 5.1 per cent; miscellaneous, 21.3 per cent. Data from 1914 to 1918 are based on December prices each year, in 1919 and 1920 on two months, June and December, and in 1923 on May, September, and December. Thereafter, the averages are quarterly, until6 1925, when made semiannual. . Figures for National Industrial Conference Board index are for July; those of Department of Labor cost-of-living index are for December; those for coal index are averages of January and July. 6 See other footnotes for number of months on which averages of individual series are based. 7 Quarterly average for Department of Labor cost-of-living index. 8 Semiannual average for Department of Labor cost-of-living index. 8 Nine months' average, January to September, inclusive, no quotations being available for other months. 10 No quotations. 31 Table 6.—TEXTILE WHOLESALE PRICES1 j COTTON YEAR AND MONTH COTTON YARN j Carded, Carded ; white, single Northern, mule warp* ! a 40/ls, "«»^^iNe w YoA spian, 22/1 New C011CS, Bedford Boston ! s £&£, >™ Per pound 1913 mo. a v _ _ _ 1914 mo. a v _ _ _ 1915 mo. av 1916 rno. av 1917 mo. a v _ _ _ 1918 mo. av 1919 mo. av $0. 128 .121 . 102 . 145 .360 .127 . 196 .273 .269 .222 .339 .152 .213 .294 .287 .235 1924 January February March April .325 .314 .277 .287 .347 .319 .285 .299 .552 .522 .483 . 476 May _ June. July August. _ ,281 .278 .273 .278 .316 .300 .317 .293 September October November December .222 .231 225 .240 . 244 1935 January February _ March April $0. 248 218 . 198 .318 i . 325 Fairchild index ! :' iq^f-iois $0. 120 . 102 . 194 . 140 . 225 .295 30*' 8 100 97 91 122 187 292 272 440 .862 wr&r&i T» \j\jni (Boston)- COTTON GOODS SheetK blood ings, 4/4 Territory combing 2/32's grease, ware, fine shoals, Ohio and crossbred mi in., stock, staple, 5,35 yds. L L, 36", scoured PennUoston sylvania to I fo., 4 yds.tolb. f.o.b.milS New York fleeces $0. 053 .046 .041 .061 . 095 .159 . 146 $C. 061 . 056 . 052 .072 ; .118 .195 . 168 $0.57 .61 .71 .87 1. 59 5 1. 84 1. 70 $0. 25 .26 .36 .41 .66 5.76 .64 1. S6 .85 1. 25 1 . 41 1.42 1.40 .51 .26 .43 .51 .53 . 55 . 210 .087 . 101 ; . 123 . 113 . 105 ! .683 . 637 .607 .615 222 213 202 197 .105 .097 .089 .091 . 129 .125 .121 . 110 1. 37 1.41 1.41 1. 36 . 475 .474 ,471 .469 . 620 .597 . 589 .578 195 195 194 199 . 039 .091 .091 .093 .108 . 108 . 108 .116 . 243 .238 .432 .449 .446 .446 .556 j .543 . 539 . 552 ' 193 193 194 .086 . 087 . 090 .091 . 227 .230 .245 .237 .240 .247 .256 .244 .437 .430 . 430 .430 . 547 . 569 .589 . 580 194 194 196 194 May June July-August .230 .230 .234 .234 . 234 .242 .248 .238 .399 .403 .415 . 423 .558 . 543 . 543 .547 September October November December .225 .215 .181 .174 .236 .220 .208 .202 .423 .430 .407 .402 .563 .562 .546 .550 1926 January. February March.. April _ ! .172 May.. June .703 .331 .397 .486 .475 .418 $0. 447 . 571 . 648 .593 . 558 French serge, 35/36" average at mills SUITINGS | i ! j $0. 78 .64 .79 1.05 1. 56 2. 11 1.63 .90 .90 1. 83 1.18 1.41 1.73 1.69 1.72 , 52 .54 .54 i .53 : 1.70 1.70 1.65 1.65 1.33 1. 28 1.30 1.36 .49 .44 .44 I .48 1 1.65 1. 60 155 1.60 . 110 .103 .106 .108 1. 44 1. 48 1.60 1.68 . 53 .57 .61 | .70 | .092 .095 .096 .094 .108 .107 .110 . 106 1. 67 1.65 1.58 1.42 188 183 182 185 .093 .093 .095 .095 . 102 ' .097 .096 .104 187 187 182 178 .095 .096 .089 .087 .106 .108 .108 .103 1.08 :« •-s . 80 ne Se hi1110 ' » 60/06" || Wf. i Middlesex) j N 4^ k New York; ™** lolk i j IV r pound .* ! . 55 $0.32 .43 i' SILK, | HAW l " *»p»Jl "^, < Kaiisal Per yard Per pound Per yard . 182 . 077 . 086 .102 ,092 .093 av av__. av___ av__. av__. av DRESS ! GOODS ; Print cloths, C4 x 69, 323 162 187 213 199 188 1920 mo. 1921 mo. 1922 mo. 1923 mo. 1924 mo. 1925 mo. : \ \\G~R" eiiniPFfc ! ^™ 1 . 48 1. 50 3.97 3. 16 4.04 4, 01 i j i S3. 64 3. 69 3.32 4. 87 f> ' 4. 18 2.93 3. 10 ,:tO 6, 27 8. 88 6. 04 8. 23 3. 66 3.66 | 6.31 3. 69 3. 69 3. 69 3. 69 7. 35 6.86 6.22 5. 64 . 78 .78 . 78 3, 69 3. 60 • ! 3.60 3.60 i 4.80 5.00 5.39 6. 08 1.65 1.75 1.85 1.95 .78 .78 j .78 | .78 3, 60 3.69 3.69 3.69 5.44 5.73 6.17 6. 32 .69 .68 .63 .54 1.90 1.90 1.80 1.75 .78 .80 .80 i .80 3.78 3.78 3.78 3.78 6.08 6.22 5.83 5.98 1.24 1. 31 1.37 1.31 . 45 .50 .52 .51 1.75 1.75 1.70 1.65 .80 .80 .80 . 80 3.60 3.60 3.60 3.60 6.17 6.37 6.32 6.47 1.28 1.32 1.32 1.30 .50 .51 .54 .55 1.65 1.65 1.60 1.55 .80 .80 .80 .80 3.60 3.60 3.60 3.60 6.62 6.66 6.57 6.81 ' ! .73 .78 .78 < i ! 176 i __ |i . 1 i I i Unless otherwise specified, all prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data for 1920 and 1921 on most items appeared in May, 1922, issue (No. 9), p. 47. That issue also contained monthly data on another print-cloth quotation, which has been superseded by the present data due to their more general use. Monthly data on cotton yarns, single warp, at New Bedford, from 1921 to 1925, appeared in December, 1925, issue (No. 52), p. 10, while monthly print-cloth figures from 1913 appeared on p. 22 of that issue, and women's dress goods, French serge, from 1915 in the November, 1925, issue (No. 51), p. 22. 'Price of cotton to the producer, given at the end of each month until December, 1923, since which month it is given as of the 15th of the month, is a weighted average of prices received by producers throughout the United States for all grades of cotton as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. The 3 market price in New York, on the other hand, is quoted on a specific grade and includes handling and transportation charges. Fairchild cotton goods index, compiled by the Daily News Record, represents average weekly wholesale quotations of 36 standard cloths in the New York market. 4 Averages of weekly quotations on representative grades in the Boston market, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics. Monthly data from 1913 to 1923 appeared in December, 1923, issue (No. 28), p. 52. 8 Average for six months. 6 Average for years 1911 to 1913, inclusive 32 Table 7.—WOOL RECEIPTS AT BOSTON i YEAR AND MONTH Domestic Total STOCKS i i! (in grease equivalent, quar- I terly) \ CONIMPORTS SUMPTION (un(in manugrease fac- 2 equivatured) lent) 3 Foreign MACHINERY ACTIVITY 5 Total 18, 761 27, 906 35, 796 36, 683 42, 214 41, 957 13, 483 15, 894 15, 142 17, 100 17,511 15, 275 5, 278 12, 012 20, 655 19, 583 24, 704 26, 682 12, 632 21, 557 34 393 37, 432 35, 083 37,811 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1823 monthly average 1924 monthly average 1925 monthly average 39,918 22, 839 28, 589 36, 147 34, 758 26, 001 25, 501 17, 825 8, 809 11,977 15, 909 12, 095 16, 687 11,018 22, 093 14, 030 16, 613 20, 238 22, 664 9,315 14, 483 37, 158 21, 635 26, 722 31, 390 32, 854 22, 349 28, 271 44, 125 54, 510 53, 467 44,813 43, 857 19, 018 28, 125 37, 441 37, 336 11,367 25, 918 35. 864 32, -360 7, 651 2,207 1, 577 4, 676 18, 916 16, 397 6, 061 8, 631 36, 507 30, 972 33, 778 40, 064 Sets of Combs Woo,?- Worcards en ! sted Carpet and rug Narrow Wide Thousands of pound s 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average Spinning spindles Looms Held by manu- Held by facdealers turers Per cent of «ctiv e hours ' o total reported 75 74 73 6 529, 174 6 1S3, 917 6 345, 258 7 533, 473 ^ 2 4 7 , 4 1 2 7286,061 8 506, 623 s 291, 318 s 215, 305 217. 431 480, 867 233, 437 | 383, 100 207, 803 175, 297 ! 73 78 73 ; OS 65 79 ! 79 ^ 77 i 77 ! 74 78 90 i 90 86 1 83 75 89 91 98 80 77 85 90 93 90 71 90 85 ! SI ! 83 79 74 87 92 85 84 02 66 89 85 61 73 08 83 79 72 72 57 18 44 51 87 92 92 92 86 98 96 92 86 01 90 92 79 76 78 81 86 76 92 93 94 89 89 88 67 88 90 92 87 74 33 60 59 52 57 70 65 68 86 82 80 S2 58 64 65 77 85 83 79 79 54 53 54 65 69 ei 74 70 67 68 64 85 6-4 69 67 85 81 83 81 79 88 90 36 82 82 81 76 70 80 75 71 86 87 85 91 89 84 71 65 09 68 83 69 69 72 70 64 65 76 62 61 1 j ! 80 74 60 84 , 90 94 ' 91 57 67 51 77 82 66 72 83 70 71 89 98 88 86 54 49 52 57 65 72 1934 May June July August -. September October November December 14, 865 11.050 12, 299 16, 629 18, 986 15, C26 22, 860 29, 460 410,381 4, 1 21 4, 576 10, 561 12, 831 12, 129 16, 638 16, 501 31, 873 45, 638 54, 854 48 380 51,098 35 5f9 13, 478 27,411 15 140 47 504 37, 725 35, 791 28 911 51 435 46, 415 45, 853 j 305,958 43 287 i 211,515 j 391, 248 359, 612 68 62 58 58 203, 270 207,111 199, 455 179,733 1 160, 157 C6 74 50 54 59 65 70 78 70 76 72 09 f.8 68 78 ? 1935 January February March April 38, 087 18, 285 32, 886 19 9] 5 3 4, 5, 4 418 807 475 075 | 179.244 2 126,714 63 I May June July August 16, 200 26 8° 4 45, £92 34, 998 8, 866 20 490 38, 378 20, 559 7, 340 6, 334 7, 544 14, 439 22, 387 20, 468 20, 802 34, 449 38, 246 38, 176 40. 781 42, 149 September October November December 20, 403 17 4C6 J6, 1^6 18 754 7,453 5 885 7, 309 5,501 12,950 11,521 8, 817 13, 253 18, 948 23, 920 25, ] 70 23, 176 44, 383 47. 327 43, 471 41, 762 i 382, 596 179, 203 203, 394 373, 010 182, 506 190, 504 63 May June *9 i 1936 January February March A pril 66 65 61 J: - j- - - - - - j - - -- : ! ; j 1 "T""~ i i i I I ! • ; i 1 Receipts of wool at Boston by railroads and steamships compiled by the Boston Chamber of Commerce through January, 1925, and since that date by the Boston Grain and Flour Exchange. They comprise usually about two-thirds of all wool imported and about half of the domestic wool clip. All classes of wool are combined in thes-3 figures, without reduction to grease equivalent. 2 Imports are from the 77. S. Department, of Commerce, Bureau of Foreign and Domestic Commerce, and total wool of all classes, without reduction to grease equivalent 3 Consumption of wool by textile mills from U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922, when ths compilation was transferred to the U. S. Department of Commerce, Bureau of the Census. These data reported by almost 600 manufacturers represent nearly SO percent of the industry, the figues from the American Woolen Company and from 10 to 20 other concerns not being included. The figures are reduced to grease, equivalent by multiplying scoured wool by 2 and4 pulled wool by 1%. Further details as to classes of wool and districts are given in press releases. Stocks of wool held by about 6GO manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922, and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. Figures have not been received from practically the same manufacturers as fail to report on wool consumption while about 15 dealers do not report. Stocks in dealers' hands include U. S. Government stocks taken over during the war and finally disposed of shortly after the end of 1921. Stocks include wool, tops, and noils and are reduced to grease equivalent in the same manner as in the consumption report; further details as to classes of wool, etc., are given in press releases. figures were started in the middle of the year. The 1917 averages are therefore based on 9 months' figures. Up to 1921, the data represent the percentage of active machii___ to total and beginning with 1921, the percentf ge of active hours to total hours of plant operation. Figures on the old basis of active machines are still published in the press releases but are not much different from the more accurate active hour figures. Previous to October, 1922, these figures were originally given as of the first of the following month, representing the previous month's operations, but these have now been changed to show the activity for the month to which properly credited; where activity of over 100 per cent is shown, overtime was reported sufficient to offset all idle hours and leave an excess. Details as to number of spindles, etc., are given in press releases. 6These data comprise practically all wool-consuming 7mills. Average of the last two quarters of 1920. Average of the first three quarters of 1921. * Average of the last three quarters of 1922. 33 Table 8.—CLOTHING MEN'S AND BOYS' GARMENTS CUT i YEAH AND MONTH 1 WORK CLOTHING a Separate Overtrou- coats sers Suits HOSIERY 3 i Thousands of garments 1924 monthly av 1925 monthly av 1,263 1,414 1,512 1,607 Dozen garments 402 370 208,314 ' 192,492 250, 468 i 217,286 349, 916 326, 257 KNIT UNDERWEAR * ProNet St'ks, duc- shipUnNew filled tion ments end orders (all mo. orders classes) Stocks, end of month Net shipments J Cut ! UnNet St'ks, n^ ship- end JrJajL filled ments3 mo. OIUt;r!» orders Production Thousands of dozen pairs 3, 156 3, 589 6,259 3,801 3, 153 3,747 6, 432 6, 534 3, 742 3,340 3,435 3,496 3,210 6,616 3,026 2,749 2,626 3,004 6,494 6,557 3,420 3,645 5, 889 3, 105 3,157 5,781 5, 752 3,206 5,738 5,964 3, 352 3, 812 5,771 Thousands of dozens ! 3,410 3, 888 5, 755 7,394 3,100 3,061 3,168 3, 628 7,277 6,711 6,037 6,276 2,730 2,589 2, 644 3,203 5,290 4,673 4,524 4,548 4,006 4,452 4,433 3,907 4,980 5,579 6,492 6,673 840 1,017 902 1,035 1, 058 1,082 958 961 1, 149 959 928 954 1, 199 1, 473 1, 556 1, 669 1,416 1,811 2,233 2,883 4,400 3,852 4,096 4,345 7,372 7,705 7,730 7, 937 1,079 1,201 1, 325 1, 329 1,108 1,198 1, 245 1,184 981 1, 030 1, 103 1, 208 1, 832 1, 254 1, 210 1, 033 3,585 3,614 3,472 3,333 3,961 4,179 3,332 3,267 8,034 8,302 7,645 6,796 1,223 1,151 1,033 1,010 1,090 1,093 1, 252 1, 279 1, 112 939 3,239 2,935 1,128 1,182 | 1,047 2,716 4,167 4, 580 3,580 2,896 6,842 7,163 6,993 6,206 1,119 1,217 1,094 1,203 1,429 1,092 1, 136 1, 174 941 i 1,499 957 1,018 2, 460 2,672 2,670 i 1934 January.February March April. -_ 1,553 1,596 1,589 1,232 1,747 1,923 1,861 1,594 212 196 237 250 251, 953 230, 703 225, 097 208, 177 238, 320 206, 654 181, 682 184, 594 351, 879 362, 691 372, 566 384, 481 1, 143 1,166 1, 170 1,252 1,415 1,276 1,232 1,506 368 466 512 626 187, 821 153, 178 152, 128 165, 998 183, 670 167, 420 162, 631 176, 851 432, 542 367, 015 337, 155 292, 392 3,400 September October November December 1,048 890 1,046 1,468 1,421 1,533 1,289 1,344 669 687 368 227 223, 904 245, 804 242, 504 212, 505 222,911 315, 812 227, 914 188, 578 168, 678 321,000 3, 107 3, 597 3, 274 1925 January February March April 1,578 1,626 1, 843 1,276 1,604 1,562 1,574 1,689 207 245 233 197 237, 808 252, 861 290, 448 266, 256 214, 095 213, 031 251, 365 227, 518 330, 893 325, 958 344, 714 345, 478 3,661 3, 703 1,200 1, 616 1,632 1, 492 1,473 1,780 1, 579 1,575 290 403 475 520 237, 023 277, 021 212, 915 251, 737 202, 579 220, 624 207, 223 231, 703 1,083 1,041 1, 086 1, 491 1,547 1, 731 1, 536 1,631 565 657 440 211 256, 519 285, 304 248, 687 189, 033 241, 594 246, 209 194, 121 157, 364 _- June Julyy August May June July August -. . - - September October November December - - 1926 JanuaryFebruary March April ! May June .- - _ _ 3,091 2,660 2,912 316, 884 344, 576 3,402 j 1 i 6, 396 6,265 5,849 4,039 3, 372 3,791 5, 945 4, 030 3,648 4,874 324, 729 346, 039 335, 640 305, 448 3,921 3, 468 3,865 3,697 3,702 3,768 3,608 3,742 6,235 6,039 302, 630 303, 001 318, 428 332, 123 3,756 4,003 3,846 4,051 3,803 2,510 ! 6,114 5,734 5, 565 5,476 5,738 3, 456 3,161 5, 834 ' i i _ _ i | -.-. 6,548 - 1 ._ i | ! ' "| - Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 467 establishments of which 4 did not begin reporting until February, 1924. Details by materials are given in press releases. 2 Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, from 158 identical establishments of which 2 are now out of business; further details by materialsused and sizes are given in press summaries. For January, 1.924, 4 firms did not report. The data represent outer work garments (overalls, unionalls, coveralls, two-piece suits, work pants, etc.) and do not include data on work shirts. 3 Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments. Further details are given in press releases. 4 Data from U. S. Department of Commerce, Bureau of the Census, compiled from reports of from 162 to 176 establishments while stocks are from 70 to 83 establishments only. Further details as to classes given in press releases. Data for the period, July, 1920, through May, 1924, representing about 30 per cent of production in 1921 and compiled by the Associated Knit Underwear Manufactures of America appeared in November, 1924, issue (No. 39), p. 42. 4 Represent shipments after deductions for goods returned or cancellations. 79396°—26 8 34 Table 9.—COTTON1 1 PRODUCTION (crop estimate) 2 YEAR AND MONTH GINNINGS (total crop to end of month indicated) 3 STOCKS, END OF THE MONTH EXRE.« ! PORTS CQNCEIPTS POIITI* (includSUMPINTO PUB lh ing TION SIGHT Ilnters) ! Domestic Total Mills World visible * \ Warehouses Total cotton American co (Ion ; Bales 8 1909-13 monthly av 1913 monthly av - . . . . 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly a v J918 monthly av__ 13, 033, 235 14, 156, 486 16, 134, 930 11, 191, 820 11, 449, 930 11,302,375 12, 040, 532 1919 in on th ] y a v 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly av 11, 420, 763 13, 439, 603 7, 953, 641 9, 762, 069 10, 139, 671 13, 627, 936 15, 603, 000 13, 982, 811 15, 905, 840 11,068,173 11,363,915 11, 248, 242 11, 906, 480 1, 203, 092 1, 035, 730 1, 256, 604 1, 186, 402 959, 945 920, 106 17, 313 18, 455 26, 283 33, 798 325 064 23, 103 18, 781 735, 226 746, 978 547, 068 727, 033 607, 546 412, 690 352, 953 465, 289 454, 064 500, 749 551, 701 567, 984 514, 712 3, 085, 132 3, 414, 853 4, 898, 345 4, 777, 800 4, 137, 287 4, 687, 250 1, 359, 417 1, 209, 177 1, 552, 989 1, 863, 668 1, 658, 513 1, 594, 578 1, 725, 715 2,205,675 3, 345, 356 2, 914, 132 2, 478, 774 3, 092, 672 4, 386, 925 4, 628, 711 5, 920, 149 4, 704, 844 3, 974, 733 4,021,720 3, 079, 529 3,094,377 4, 480, 679 3, 410, 678 ! 2, 743, 733 2, 814, 722 11, 325, 532 13, 270, 970 7, 977, 778 9, 729, 306 10, 170, 694 13, 639, 399 1, 031, 250 896, 699 997, 307 972, 319 936, 705 1, 105, 315 .1,321,206 29 226 49, 999 23, 158 31, 030 31, 228 26, 770 26, 122 581, 280 529, 886 556, £19 525, 555 457, 778 566, 243 711,014 493, 293 486, 933 450, 565 507, 294 543, 444 469, 139 535, 699 4. 935, 973 4, 792, 190 6, 100, 420 4, 706, 031 3,853, 119 3, 435, 371 3, 994. 482 1, 430, 976 1, 453, 054 1,312,862 1, 447, 196 1, 480, 319 1, 087, 880 1, 283, 414 3, 504, 998 3, 339, 136 4, 787, 5G4 3, 258, 836 2, 372, 800 2, 347, 490 2,711,067 5, 085, 485 5, 662, 420 6, 344, 953 4, 950, 925 3, 503, 179 8, 724, 552 4, 576, 477 3, 614, Of-8 3, 909, 420 4, 410, 280 3, 152, 091 2, 152, 179 2, 417, 302 3, 274, Of G 896,469 ! 47,693 421,331 ! 48,602 369, 396 49. 833 403, 471 40, 435 546,853 482, 146 332, 168 320, 774 578,468 ! 508, 677 4X5, S4H 478, 583 4, 601, 807 4, 080, 514 3, 505, 404 2, 840, 520 1, 637, 824 1, 583, 439 1, 503, 852 1, 329, 901 2, 963, 983 2, 497, 075 2, 000, 552 1, 510, 619 4, 477, 084 4, 584, 208 4, 127, 222 3, 520, 382 3, 030, 084 2, 785, 208 2, 365, 222 1, 834, 382 947, 494 405, 927 220, 426 254, 101 394, 930 326, 357 230, 979 211, 533 277, 647 413, 967 350, 021 347, 099 357, 380 2. 283, 710 1, 831, 844 1, 395, 514 1, 354, 853 1, 157, 428 949, 647 721, 589 552, 789 1, 128, 282 882, 197 673, 925 802, 064 3,102,211 2, 667, 297 2, 190, 493 1, 898, 309 1,533,211 1, 223, 297 933, 493 823, 309 4, 527, 668 9, 715, 643 12, 237, 659 12, 792, 294 1, 845, 069 2, 807, 409 2, 767, 047 2, 478, 206 737, 485 9, 654 18, 135 946, 508 17, 549 1, 306, 550 48, 663 1, 075, 923 438, 373 534, 283 495, 182 533, 789 515, 593 2, 562, 488 ! 733, 440 4, 959, 867 1, 049, 327 5, 852, 270 1, 319, 736 5, 936, 655 2, 066, 895 4, 226, 427 4, 802, <J43 4, 616, 919 ' 2, 864, 472 4, 266, 825 5, 174, 668 5, 821, 450 1, 970, 472 3, 357, 825 4, 345, 668 4, 805, 450 13, 306, 813 13, 639, 399 1, 379, 161 864, 323 811, 452 495, 283 54, 822 1, 076, 075 59, 902 811, 838 739, 996 33, 955 22, 409 472, 555 594, 010 550, 775 583, 407 596, 541 5, 302, 032 4,615,778 3,662,114 3, 177, 217 1, 441, 699 1, 542, 382 1, 633, 783 1, 511, 008 3, 860, 333 1 5, 830, 282 3. 073, 396 5, 644, 890 2, 028, 331 5, 322, 550 1, 666, 209 4, 545, 302 4, 722, 282 4, 327, 890 3, 789, 550 2, 942, 302 14, 219 19, 957 9, 927 9, 266 330, 907 217, 786 202, 468 315, 825 531, 668 494, 083 483, 926 448, 665 2, 482, 671 1, 885, 477 1, 379, 848 1, 720, 705 1, 343, 019 1, 126, 127 865, 842 680, 527 1, 139, 652 759, 350 514, 006 1, 040, 178 1 3, 848, 225 2, 969, 422 2, 342, 887 2, 232, 427 2, 253, 225 1, 583, 422 1,112,887 1, 099, 427 ; 15, 121 752, 324 12, 402 1, 421, 482 27, 007 1. 206, 786 34, 474 984, 061 483, 266 543, 679 543, 098 575, 271 4, 003, 631 5,715,819 6, 662, 449 7, 326, 038 866,011 1, 216, 437 1, 456, 166 1, 717, 972 3, 137, 620 4, 499, 382 5, 206, 283 5, 608, 066 3, 883, 012 5, 193, 976 6, 048, 438 7, 056, 308 2, 805, 012 4,114,976 i 4, 903, 438 1 5,634,308 | 6, 773, 664 5,237,664 j | 1924 January.. .._ February March April. __. 9.944.032 10, 170, 694 May June July \ugust 12, 144, 000 i 12 351 000 September October November .Decern ber 12, 787, 000 12, 499, 000 12 816 000 13, 627, 936 16, 107 13, 641 6, 795 4, 136 1925 January February March April. May June. Julv August September October November December .. . 14, 339, 000 13, 566, 000 159, 373 1, 892, 549 311, 313 128, 743 153, 881 780, 440 13, 740, 000 14, 759, 000 15 386 000 15, 603, 000 7, 101, 710 11,198,660 13, 857, 686 14, 826, 452 2, 332, 283 3, 149, 220 2, 942, 255 2, 506, 120 1926 January February March April May June 15, 488, 230 ! i I 1 Receipts into sight compiled by New Orleans Cotton Exchange; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; consumption, ginnings, and domestic stocks from U. S, Department of Commerce, Bureau of the Census. Linters are not included in the statistics in this table, except in the exports. Yearly figures represent averages for the calendar year except for ginnings and production, in which case totals for the crop year are shown (not an average), arid the 1913 and 1914 data on imports and exports, which are averages for the fiscal year ending June 30 of the year given. Monthly data, 1913-1921, on consumption and stocks are given in December, 1922, issue (No. 16), the 1921 stocks being revised in the August, 1923, issue (No. 24), p. 55. 2 The yearly figures, from U. S. Department of Agriculture, Bureau of Agricultural Economics, represent the latest revised estimates of total production of the cotton crop3 for the year (not a monthly average). The monthly figures show the current estimate of total production as reported each month. Figures for September are to Sept. 25 only, prior to 1924. December figures cover ginnings through Dec. 13 only. January figures for all years cover ginnings through Jan. 16, and February figures cover all ginnings of the crop. Yearly figures represent total ginnings for the cotton crop harvested in that year (not a monthly average). Monthly data for prior years 1914-1922 are given in the April, 1923, issue (No. 20) of the SURVEY, page 51. * These figures, from the Commercial and Financial Chronicle, represent world visible supply on the Saturday nearest the end of the month, covering European ports, United States ports and interior, Egypt, India, and quantities afloat. 8 All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales. 35 Table 10. -COTTON MANUFACTURING AND BUTTONS SPINDLE ACTIVITY 1 YEAR AND MONTH Per Per Total spindle Orders, cent Active grey spindles spindle in of ca- i Billings yardage hours place paeity Thous. Millions of hours Hours av av av av_. av_ _ av av__ 30, 560 30, 748 31, 136 32, 293 33, 400 33, 524 33, 876 1920 monthly av 1921 monthly a v _ _ 1922 monthly av_. 1923 monthly av... 1924 monthly a v _ _ 1925 monthly a v _ _ 33 801 33, 052 33, 036 34, 681 31, 136 32, 634 Shipments Thousands of yards Per cent i 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly COTFINE COTTON TON GOODS a CLOTH' FINISHED COTTON GOODS 2 ProducProtion (New ! Exports ! duction Bedford) Stocks, Acend of month tivity Per cent f?^ dses n , Pieces Thous. of yards \ 6 i 7 206 209 222 177 208 | 85, 385 94,016 95, 098 77, 650 78, 756 • 92. 0 93. 5 98.9 78.5 92.7 Per ct. of capacity FALL RIVER MILL DIVIDENDS (quarterly) 9 1 Stocks, end of month Ratio capTotal to italization Thous. of gross Per Thous. cent per of dollars quarter | . .| 7 7, 539 7,723 8,288 6, 696 7,877 FRESH WATER PEARL BUTTONS 90, 154 95, 509 91, 504 76, 105 76, 558 44, 935 49, 102 48, 116 41, 863 43, 691 36, 226 44, 937 46, 166 43, 139 39, 640 434, 188 383, 523 329, 571 354, 274 385, 772 438,761 ! 353, 851 421, 059 65 66 68 60 1 « 37, 062 « 34, 572 43, 195 51, 687 63, 719 45, 348 56, 920 $519 306 285 593 1,054 1, 512 1,221 1.820 1.084 .974 1.734 3.338 4. 594 3.651 68, 278 45, 969 48, 913 38, 705 39, 858 45, 267 2, 521 779 46. 1 46.1 33.5 44. 2 12, 562 13, 846 IS. 968 12, 494 882 705 419 7.486 2. 031 1. 997 2.061 1. 609 .931 656 1. 514 742 1.688 ; | 1924 January February March \pril 33, 280 32, 711 32, 372 31, 863 8, 448 7,304 7,073 6,770 224 194 187 179 95.5 87.3 ' 82.4 80.0 92, 714 85, 823 85,110 79, 776 86, 888 81, 680 80, 300 80, 530 54, 291 47, 856 46, 469 42, 170 48, 007 45, 883 43, 948 44, 959 74 64 63 62 464,408 409, 377 420. 622 355, 591 28, 444 28, 867 30, 575 32, 590 36.4 43. 5 44.0 41.6 14, 455 14, 237 14, 221 14, 191 May June July August 30, 484 29, 219 28, 799 29,011 5, 908 5,336 5, 158 5,400 156 141 136 143 67.5 64.6 60.3 63.1 76, 574 64, 761 58, 322 63, 895 65, 610 55, 955 59, 514 71, 630 39, 035 33, 397 33, 514 35, 951 ' 43,395 43, 586 42, 378 41, 850 46 45 47 190, 337 284, 726 293,015 318, 513 44, 763 39, 349 37, 390 4.9, 367 32. 4 30. 4 17.4 22.4 14,170 14, 193 13,964 13,917 September October November December 30, 154 31, 165 31, 858 32, 721 6, 415 7, 593 7, 124 7,817 170 201 188 206 76.4 86.2 87.8 90.7 70, 547 86, 765 75, 822 91, 686 74, 213 90, 601 81, 689 84, 652 39, 753 44, 331 39, 052 46, 531 39, 325 40, 664 41, 516 42, 162 54 67 58 67 325, 279 385, 301 399, 820 399, 228 43, 224 53, 113 46, 917 43, 698 28.4 30 i 36 1 36. 8 13, 782 13, 605 13 6°3 13, 263 1925 January Februprv March April 33, 321 33, 359 33, 217 33, 410 8, 493 7, 868 8,599 8,518 224 208 227 225 96.4 100.0 99.6 100.0 81, 174 81, 650 94, 039 88, 986 84, 459 83, 293 86, 776 76, 505 49, 319 47, 961 48, 879 45, 776 36, 925 36, 101 36, 121 39, 296 62 66 69 64 419, 904 388, 053 444. 886 449, 266 51,819 39, 660 51, 520 52, 378 33.9 41.6 43.6 45.5 May. June. July August.. 33, 137 32, 288 31, 737 31, 270 7,930 7, 690 7, 298 6, 954 210 203 192 184 93.6 89.0 84.6 80.5 75, 463 70, 593 69, 281 63, 994 63, 128 65, 103 69, 364 69, 176 40, 573 40, 133 39, 153 37, 903 40, 460 41, 461 40,710 41,151 51 52 50 468, 216 404, 157 417, 603 402, 103 47, 108 37, 367 41, 643 44, 502 September October November December __ 31, 552 32, 425 32, 892 33, 001 7, 102 7, 962 7, 834 8, 272 188 210 207 218 83.8 89.4 96.0 99.5 72, 257 85, 859 78. 239 83,541 81, 079 85, 907 75, 453 78, 448 42, 608 47, 556 39, 676 44, 754 40, 711 39, 917 40,511 42, 315 58 67 61 62 371, 500 452, 552 385, 841 448, 625 42, 366 44, 887 43, 084 46,871 1936 January February March April... _. '# j ! 835 ! 1.898 ; i 588 1.337 13,496 12, 913 12, 607 12, 515 r"«r 1. 440 46.0 47.4 38.4 46.6 12, 485 12, 510 12, 332 12, 391 396 . 890 ! 46.2 48. 1 47.3 46.1 12, 228 12, 197 12, 286 11,963 338 . 759 299 .634 !| ._ May June | i ages of the industry, based on work done outside of regular textile mills: White goods, 70 per cent; dyed goods, 55 per cent; printed goods, 25 per cent. In the statistics given above, white goods and dyed goods each comprise regularly about 40 per cent of billings and orders. Prior to November, 1923, an additional firm was included. Details by Federal Reserve districts and classes of goods are given in the association reports. Monthly data from 1920 by classes of goods are given in the December, 1923, issue (No. 28), p. 55. The goods are billed as completed; hence billings approximate production. Data for December, 1921, and January, 1922, were not compiled and averages for the years 1921 and 1922 are based on 11 months' figures. 3 Data on fine cotton g9ods, from the Fine Cotton Goods Exchange, are reported by 24 identical mills in the New Bedford district, representing about 50 per cent of the fine cotton goods industry in New England and from 20 to 30 per cent throughout the United States. Data on sales no longer published, as not strictly comparable with production figures. 4 Exports of cotton cloth, from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include duck and other cloth, bleached, unbleached, and colored. Beginning with January, 1921, the figures are reported in square yards instead of linear yards, as formerly, and are probably slightly smaller than in the corresponding linear-yard measurement. * These figures are for fiscal years ending June 30 of the years specified; others are for calendar years. 67 Nine months' average, April to December. Average for five months, August to December, inclusive; previous data not available. 8 Data on fresh-water pearl buttons from National Association of Button Manufacturers from reports of 17 firms representing 95.2 per cent of the machine capacity of the association members, except prior to July, 1922, when 16 firms reported. 8 Dividends paid by textile mills in Fall River in quarter ending in the month given, comprising about 38 mills, are compiled by G. M. Haffards & Co. Yearly figures are quarterly averages. Quarterly data, 1911-1922, are given in the September, 1923, issue (No. 25),"p. 48. 36 Table 11.—SILK AND OTHER TEXTILES AND FUR SILK OTHER TEXTILES FUR i Stocks YEAR AND MONTH Imports * Deliv-2 eries Spinning At ware- At mfg. Broad Narrow spinhouses • plants 3 looms looms dles 1 1920 monthly av.... 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly a v _ _ _ _ 1924 September October November December 1925 January. February March April 2, 850 2,566 32 flfifl 3, 094 32, 769 41. 070 1 3,619 4 060 3,308 33.318 8 51,312 21,315 6, 445 17, 830 26, 941 30, 635 29, 868 30, 592 41, 779 32, 350 33, 367 37, 464 44, 819 6, 491 5 615 6. 347 7. 685 36, 658 35 794 33, 125 33. 961 42, 260 44, 398 55, 516 61, 533 4, 377 4, 825 5,169 5,022 15, 283 15, 176 18, 484 20, 051 ! i 21, 471 22, 667 25, 043 21, 948 14, 707 36, 366 36, 890 12, 620 33,817 11,593 13,778 13,041 20, 416 22, 815 26, 613 24, 691 25, 854 47 398 39,514 43, 185 50, 005 47,971 52, 151 18. 628 16, 286 27, 109 28, 556 942. I 55. 1 47.8 59.5 9 62. 6 72 5 69. 5 97.8 76. 1 81.9 81.4 81.5 48.2 50.0 50.3 51.2 68.4 74.6 75.2 78.0 11,340 i Thous. of dollars j i « 2, 482 1 » 2, 050 2, 201 1, 630 2,438 ' 2,018 9 2, 469 1, 577 1,698 55, 900 40, 846 30, 409 43, 674 1,893 2, 460 1,889 2/021 1, 456 1,644 1, 536 1, 467 1,396 1,290 1,302 1, 446 33, 142 25, 273 29, 559 23, 592 56, 240 56, 524 56, 175 53, 076 1,941 1, 923 2, 537 1, 850 1,671 2, 254 1,752 1,497 1, 593 1,498 1,801 24, 131 38, 280 16, 042 21, 722 61,115 50, 604 52, 664 61, 813 2,249 2,379 2,526 1, 995 1,752 2, 022 2,116 1,437 1 1,730 1,625 1,878 2, 066 2, 015 2, 212 2, 108 2,325 3,226 5,422 2,377 27,014 2, 380 1, 975 2, 077 1, 857 1, 852 I 1, 933 1,677 3,253 2, 987 2, 537 2, 728 1, 615 1, 689 1, 760 13, 137 43, 664 42, 621 39, 957 51, 363 | 2,804 11,658 20, 936 23, 621 26, 930 10, 731 13,478 12, 345 10, 625 10, 478 $1,791 $2, 630 2,015 1,398 1,291 659 4, 435 3,581 3, 783 1,490 1, 298 913 1,878 1,666 2,903 & 39, 835 37, 529 45, 157 40, 040 58, 732 60, 249 46, 663 39, 271 25, 084 24, 252 27, 761 26, 540 80.9 80.2 83.4 90.0 55. 6 56. 5 58.5 59.4 82.1 83. 1 85. 3 86. 9 13, 155 13, 798 14, 273 May... June July August 6. 697 38, 266 39, 575 44, 013 44, 047 42, 517 44, 016 35, 598 32, 017 27. 104 28, 189 26, 505 28, 198 86.0 88.8 89.3 89.8 62.0 61.0 61.4 60.0 101. 1 102. 9 103. 0 101.8 15, 784 14, 267 12, 344 September October November December 8,408 7,240 41, 684 46, 815 41, 848 42, 484 42, 708 39, 423 46, 813 49, 824 28, 169 30, 107 30, 602 91.2 93.7 96.4 95. 2 60.8 61.3 59.1 58.7 104.0 112.9 107.0 104. 5 12, 129 13, 637 46, 148 47, 326 May June - Thous. of linear yards 40.653 31, 886 27, 274 » 59. 3 73.5 72.5 88. 7 Thous. of Ibs. 33, 922 37,917 36 519 34, 047 32. 147 28, 613 32. 596 4,627 ! Sales Purof gar-7 chases 7 ments Pyrox- Ship- Unfilled ylin ments orders, end of spread billed month Thous. of Ibs. Long tons '' 3,406 Pyroxylin-coated textiles a (artificial leather) Burlap Imports i Thous. of yards 6, 633 5, 259 5,714 4. 947 1926 January February March April Fibers (unman fd.) Sales Per cent of active hours to total » 1909-13 mo. av 1913 monthly av __ 1914 monthly av 1915 monthly av 1916 monthly av.— 1917 monthly av 1918rnonthlvav .. 1919 monthly av Elastic webbing s Machinery activity 4 (end of mo.) 5,428 6,246 5,894 6,814 8,063 15,535 12,014 : 1 1 1 1 1 _ ! i I 2,478 2,171 ~! 5,742 2, 344 1, 934 4, 758 5, 633 4,641 ~ i | | _i !i 1 i! i ii __ __ _ I __ ; 1 Imports of silk, of unmanufactured fibers and of burlap from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Silk imports are a total of unmanufactured silk, including raw silk, cocoons and waste. Unmanufactured fibers include flax, hemp, istle, jute, kapok, manila, New Zealand flax, sisal, etc. 2 Deliveries of raw silk from principal warehouses in New York City, indicating approximate consumption by mills, and stocks at these warehouses are from the Silk Association of America. A bale of silk averages about 133 pounds, but varies considerably according to origin of the bale. Details by sources are given in the association's report. The delivery figures are computed by the association from the data on stocks and trade figures on imports through New York and Pacific ports, allowing time for Pacific imports to reach New York. Monthly data for 1920 and 1921 may be found in May, 1922, issue (No. 9) p. 43. 3 Computed from data reported by the Silk Association of America' covering from 35 to 60 per cent of the silk manufactures and throwsters, averaging about 45 per cent for most of the year 1924. Owing to the varying number of mills reporting, the original figures have been prorated up to 100 per cent, by dividing the stocks reported by the percentage of the trade which they are estimated to represent. The maximum reporting capacity (60 per cent in April and May, 1923), coming immediately after a month of ng shows the situation quite minimum reporting capacity (35 per cent in March, 1923), indicates, in the close correspondence of these prorated totals, that the prorating accurately. * Compiled by the Silk Association of America from manufacturers representing about 50 per cent of the industry. The figures represent the percentage of active hours to the total hours normally worked, and are weighted averages of each section of the silk industry, for which details are given in the association's monthly reports, i. e., New Jersey, Pennsylvania, New England, and all other. 56 Elastic webbing sales are reported by eight manufacturers to the Webbing Manufacturers Exchange, comprising almost the entire industry. Compiled from reports to the V. S. Department of Commerce, Bureau of the Census, by 12 identical firms, with a capacity of 2,174,333 yards for March, 1923 (capacity varies slightly each month in accordance with the varying number of working days). Further details as to values, etc., are given in press summaries. 7 Purchases of fur and sales of fur garments by 100 representative fur manufacturers in New York City, as compiled by Seidman & 'Seidman, certified public accountants. Data for January and February of each year obtained by applying normal percentage of sales for those months to difference between yearly totals and the sum of the other 10 months for which actual figures were obtained. Monthly data for 1924 appeared in January, 1926, issue (No. 53), p. 23. 8 Eleven months' average, February to December, inclusive. 9 Ten months' average, March to December, inclusive, except pyroxylin unfilled orders, which is a 10 months' average from February to December, inclusive, June figures not being available. 37 Table 12.—IRON ORE AND PIG IRON IRON ORE i Stocks, end of mouth Receipts Shipments from mines YEAK AND MONTH | Consumption Lake Erie by ports Other fur- 2 Total and ports naces furnaces At furnaces On Lake Erie docks PIG IRON Production * Mer- FurTotal chant iron 6 naces Number Thousands of long tons 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average monthly average monthly average monthly average monthly average. _ monthly average monthly average monthly average. _ monthly average 8, 193 5,337 7, 720 10, 789 10,416 10, 193 7,863 6,460 4,181 6,254 8,564 8,066 7,966 6,146 .1, 651 1,130 1,463 2, 164 2, 255 2,176 1, 666 " 3, 633 9,755 3,717 7,102 9, 841 7,104 9,013 7,472 2,592 5,285 7,278 5,259 6, 450 2,207 1,096 1,747 2,440 1,775 2,620 4, 531 2,030 3, 355 5,191 3,833 4, 564 6,584 7, 584 7,280 6,690 4,315 5,421 5,431 4,974 1,786 2,009 1, 953 1,517 6,165 5,597 2,056 9 4,888 4,461 1,975 45 Furnaces in blast, end of month 4 Wholesale prices s Capacity Foundry Basic Per No. 2 (valley cent Northfurof ern nace) total (Pittsburgh) Tons per day Per cent Composite pig iron « Dollars per long ton 26, 852 7 530 7,246 7,243 6,282 7,280 8,318 7,779 2, 560 1,921 2,472 3, 253 3,182 3,209 2,549 753 560 647 922 929 863 650 269 188 229 319 338 352 241 84,005 62, 752 83,623 106, 775 106, 499 106, 954 81,918 63.7 44.5 55.0 81.4 83.2 83.1 56.3 $16. 00 13.90 14.87 21.07 41.39 34.46 30.31 $14. 75 12.88 13.74 19.76 38.90 32. 51 27.70 $15. 42 13.52 14. 15 20.31 39.99 34.38 29.91 29, 753 33, 330 33, 751 31,036 31, 639 30, 422 21,211 24, 512 25, 642 24, 438 25, 076 24, 319 8,542 8, 818 8,109 6,621 6,563 6, 102 3,077 1,379 2,240 3,338 2,591 3,033 824 246 472 805 621 659 287 105 181 277 203 216 97, 758 43, 673 75, 238 109, 072 84, 795 99, 690 66.5 25.1 43.2 66.2 50.1 55.1 44.90 25.13 26.93 28.15 22. 50 21. 66 42.25 21.74 24.20 25.81 20.24 19.58 43.80 24. 05 25.00 27. 15 21.87 21.32 3,830 2,793 2,415 2,636 21, 608 26, 410 31, 596 35, 703 16, 717 21, 102 25, 842 29, 248 4,891 5,308 5,754 6,455 2,615 2,026 1,785 1,887 688 519 441 474 184 161 144 150 77, 300 62, 200 55, 350 63, 070 45.7 40.0 35.7 37.2 22. 51 21.51 20.76 20.89 20. 50 19. 63 19.00 19.00 22.57 21.20 20.11 20.22 1,410 1,241 651 0 2,927 3,498 3, 689 4,542 38, 998 41, 536 40, 728 36, 360 31, 593 33, 417 32, 679 29, 014 7,405 8,119 8,049 7,346 2,053 2,477 2,510 2,962 544 619 613 585 173 182 205 228 72, 235 81, 490 89,100 98, 380 42.9 45.2 50.9 56.6 21.56 21. 26 21.26 22.96 19.00 19.00 19.13 20.90 20.41 20.37 20.66 22.32 31, 154 26, 207 20,791 17, 312 24, 430 20, 184 15, 695 13,009 6,724 6,023 5,096 4,303 3,370 3,214 3,564 3,259 678 674 751 744 251 254 245 220 111, 150 115, 700 112, 380 103, 080 62.3 63.0 61.1 55.1 24.14 23.76 22.86 21.89 21.88 22.00 21.30 20.13 23.24 23.21 22.87 21.70 7 35, 258 7 1924 May June July August _ ._ __ _ September October November December _. 1925 January February . March April May June July August _ September October November December 2,121 865 1,357 5,242 5,000 5,490 4,813 8,314 7,958 8,525 8,533 5, 376 5, 975 6,217 6,228 2,328 2,139 2,276 2,143 4,357 3,863 3,842 4,020 21,049 25, 404 30, 332 34, 605 16, 527 20, 397 24, 720 28, 272 4,522 5,007 5,612 6,333 2,931 2,673 2,664 2,704 624 560 627 580 196 189 190 192 89, 550 86, 250 86, 420 88, 250 49.4 47.7 48.5 48.1 20.89 20.06 20.26 20.26 18.81 18.05 18.00 18.00 20.65 19.78 19.72 19.78 7,355 7,004 4,258 7 5,646 5,147 3,198 48 1,864 2,088 1.517 5 4,011 4,609 4, 554 4,965 38, 424 41, 198 41, 686 36, 898 31, 408 33, 542 33, 830 29,817 7,016 7,656 7;856 7,081 2,726 3,023 3,023 3,250 617 653 679 722 200 206 220 234 94, 550 97, 950 103, 445 107, 560 52.4 53.9 57.6 61.9 20.56 20.89 22.14 22.26 18.30 18.63 19.88 20.00 20.08 20.66 21.83 22.28 6,623 3,316 224 104, 065 59.3 i l 1926 January February March April May. June. * Data on iron ore from the Lake Superior Iron (jre Association. Shipments represent movement of ore through the upper lake ports, including not only tonnage passing through the Sault Ste. Marie canals but also that from ports on Lake Michigan, thus representing over 85 per cent of the total iron ore mined. Receipts at ports other than on Lake Erie are mostly at Chicago and vicinity and Detroit, the details by ports being shown in the monthly reports of the association, which also give by districts the consumption data. Monthly data on stocks and consumption from 1921 are given in June, 1923, issue of the SURVEY (No. 22), page 49. 2 Furnaces reporting vary in number from 319 to 341. Beginning with June, 1922, reports from 15 Canadian furnaces are included. 3 Wholesale prices, except composite average, are averages of weekly quotations taken from U. S. Department of Labor, Bureau of Labor Statistics. Monthlv prices of basic4 pig iron from 1920 in June, 1922, issue (No. 10), page 42. Pig-iron production and blast furnace data comprising practically the entire output, except that made with charcoal, from the Iron Age. Monthly data from 1913 on all items appeared in February, 1925, issue of the SURVEY (No. 42), p. 44. 6 The composite pig-iron price, compiled by the American Metal Market, is the average of daily prices of 10 tons of iron distributed as follows: One ton each of Bessemer Valley; No. 2 foundry valley; No. 2 X foundry at Philadelphia and at Buffalo; No. 2 foundry at Cleveland and at Chicago; two tons each of basic valley and No. 2 Southern foundry at Cincinnati. e Compiled from data reported by the Iron Age by subtracting the figures on pig iron produced by steel mills from the total pig-iron production figures, thus obtaining data7 on the total output of merchant pig iron. Seven months' average, June to December, inclusive. 38 Table 13.—CRUDE STEEL YEAR AND MONTH 1913 1914 1915 1916 1917 1918 1919 mo mo mo mo mo mo mo Production Total 2, 523, 344 1, 901, 649 2, 607, 018 3, 450, 160 3. 034. 933 Sailroad •w isfi .2 'a £8 »s ! ^ ^ O H, i 73 24,096 j 28,005 || 5,907 j 11,432 18,127 ! 21,332 i 4, 115 ! WHOLESALE FRICES >0 „, i» A; *5 !*§ SSS III! « A 1 l% III GG 9* 1-5! 1 Jill S "^£j 2 Composite steel " j Production I ! Unfilled orders BUJUJUTS— ULiUJU, »LA«JI1, AND UAL<V AN1ZED 4 Sales U. S. STEEL! CORP.3 ! Shipments STEEL CASTINGSBOOKINGS 2 Unsold stocks STEEL INGOTS i 26.32 22. 92 24.76 40. 50 70. 10 51. 95 50.37 i, 118 i 55.845 I 8,63 in, 85, 409 190, 864 222 904 36,352 j 4,324 13,766 13, S03 13, 444 13, 909 14, 399 48, 827 61, 044 69, 638 i 295 810 j 3i&,; 11 ! 336,021 262, 050 332,211 294, 600 293. .">79 286, 029 403, 491 P70,361 i 319,504 ' 1 Yearly figures represent the monthly averages of total production of all companies as compiled annually by the American Iron and Steel Institute. The institute reported up to 1923 monthly production figures for 30 companies which produced 84.4 per cent of the total output of_the country in 1920, 87.48 per cent in 1921, and 84.15 per cent in 1922. In order to make the monthly figures comparable they have been calculated to a 100 per cent production each year on the basis of the above percentages. The figures since 1922 are calculated on the basis of reports from companies which produced 95.35 per cent of the total production in 1922, 94.84 per cent in 1923, and 94.43 per cent in 1924, the total computations to 100 per cent being made by the American Iron and ^Stecl Institute. Data for 1925 and 1926 are prorated on the 1924 percentage. Monthly data, beginning with inauguration of monthly figures in 1917, are given in April, 1921, issue (No. 24), page 61. 2 Bookings of commercial steel castings reported by the Steel Founders Society and principal nonmember firms to the U. S. Department of Commerce, Bureau of the Census. Reports are by 68 identical firms with a capacity of 100,400 tons per month, of which 43,000 tons are usually devoted to railway specialties. This represents over two-thirds of the castings capacity of the United States devoted to commercial castings (as distinguished from eastings used in further manufacture in the same plant;. Prior to 1920 figures for companies representing about 6 per cent of the miscellaneous castings are not available and the totals of this class have been prorated by that amount for these years in order to afford comparison with later years. In July, 1923, two companies, with a combined capacity of 785 tons per month devoted to miscellaneous castings ceased operations. Railway specialties include such items as bolsters, side arms, draft arms, couplers, and cast-steel car wheels, and are reported by identical firms throughout. Monthly data from 1920 appeared in April, 1925, issue ( N o . 44), page 27. 3 Unfilled orders of steel and earnings reported by the United States Steel Corporation. Monthly unfilled orders, 1913-1921, are given in December, 1922, issue (No. 16), page 47. •Shapes, black galvanized and blue annealed sheets, tin plates, wire nails, and black pipe. Pig iron average, in turn,, is average of 13 different quotations. Monthly data, 1913-1922, given in April. 1923, issue (No. 20), page 48. 7 The figures for composite steel compiled by the American Metal Market represent the daily average price per pound of steei products weighted as follows: 2V-2-pound bars, l>2-poiind plates, m-pound shapes, I 1 2-pound pipe, l^-pound wire nails, 1-pound galvanized sheets, and >2-pound tin plate. 39 Table 14.—FABRICATED STEEL PRODUCTS FABRICATED STEEL PL ATE? FABRICATED STRUCTURAL STEEL i Bookings Bookings ! Shipments YEAR AND MONTH Imports Exports pitted total e r p f° Computed P.ct. SecaStorage) pac- j Total tanks lected stems Ity Short tons I Per i cent i Short tons For cent {fa STEEL FURNITURE * IRON AND STEEL a Shor tons Total Shelving Business group Shipments Totai Unfilled orders, end of mo, Orders received Unfilled orders, end of mo. Ship- Orders ments received Dollars Long tons | ! '13 mo. av._ i"l ( mo. JA r>i " nio. av__ • f 'U' mo. av__ ' '!'/ mo. a\ __ !'»[ , T^O. 1\ __ !'U9 mo. av 1920 1921 1922 1923 1924 mo. av_. mo. av__ mo. av.. mo. av... mo. av.. 105, 000 105, 500 149, 800 153, 180 138, 600 136, 640 133. 560 50 50 70 69 60 56 53 140, 400 92, 750 181, 760 183, 588 202, 414 226, 208 54 35 64 64 69 74 1 i: 228, so] ! . . 26, 556 4 027 23 533 ?5. 906 l) 120. 123 ! ( 2 )3 207 '• ' i 503, 971 536. 980 ! 4-14. S35 30(5. 663 | i i 188, 741 03]., 292 70 76 ( 44,920 24,677 26,092 i 10,281 27, 137 ': 7, 295 j 26.. 974 . . 14 05? h 26,837 ' __ 36.626 1 ; 412, 030 183, 980 139, 473 135, 443 123, 128 112,809 ._ 166. 653 10,083 60, 762 150, 580 146, 381 39 845 ji 70, 139 i . ' . .__. . . 1, 951, 9fi2 1, 989, 660 1, 454, 498 556. 493 579, 185 482, 843 471, 390 415, 163 595, 167 881, 364 549, 120 i 526, 707 650, 923 596, P34 334, 485 327, 455 469, 315 364, 813 361,268 453, 358 515, 434 436, 048 j { i ! 1924 \r ,t lune -_„ „ _ _ Vie;' -1 » rt \) r __ Detemo i _ _ _ 1925 January March Vp r il Ma 7 J une July 175, 800 190, 450 202, 170 172, 870 80 65 69 59 210, 960 216, 820 231,470 208,030 72 74 79 71 25,233 29, 232 21,798 32,315 4,951 15, 757 11,311 15, 827 128, 685 117,803 110, 055 117, 243 155, 422 165, 047 138, 553 136, 025 47, 335 53 362 ?5, 3 -"2 39, 730 i<>3,380 ,93, >0 V 120 JU, 170 66 66 84 79 216,820 225,610 190, *oO 181 51-0 i 74 ' 77 ou 63 20, 386 24, 182 34, 153 49, 559 10, 823 8, 191 12, 787 26, 445 108, 725 132, 448 97, 187 101, 889 135, 894 158, 553 124, 464 129, 455 36, 269 37, 119 30,411 65,511 1, 519, 078 1, 783, 162 1, 678, 636 1, 872, 677 1, 589, 994 1, 761, 431 1, 615, 912 1, 914, 038 1, 193, 1, 184, 1, 216, 1, 220, 173, 850 176, 900 ,210, 450 231,800 57 58 69 176,900 189, 100 225, 700 i 231, 800 58 €2 74 76 27, 064 20, 605 22, 502 4,314 3, 321 2, 908 fi, 547 116, 77, 128, 122, 141,777 102, 299 155, 384 155, 375 72, 921 85, 872 j 84, 370 05, 649 j 1, 972, 137 1, 939, 097 2, 027, 853 2r 009, 199 2, 206, 952 1, 986, 151 2, 012, 322 I, 964, 959 1, 455, 890 1, 501, 460 1, 482, 859 1, 466, 428 517, 363 413, 514 539, 972 650, 7o9 | i 207, 400 252, 300 247, 050 237 900 68 86 81 78 231850 j 234, 850 253, 150 247, 050 77 77 83 81 34, 402 29, 242 29, 261 1 12, 290 99, 624 110, 122 145, 382 150, 136, 139, 188, 82, 223 i 76, 403 50, 618 57, 099 i 1, 918, 1, 805, 1, 810, 1, 688, 1, 855, 552 1, 792, 656 1, 823, 435 1, 664, 649 1, 383, 1, 390, 1, 445, 1, 358, 424 540 897 386 54Q, 272 523, 420 514, 117 | 501, 182 482, 187 ] 510, 815 452, 716 516, 694 372, 360, 398, 447, 247, 050 274, 500 216, 550 22S, 750 81 90 71 244,000 271, 450 225, 700 240, 950 80 89 74 79 23, 988 28, 338 28, 557 31,395 106, 462 99, 504 128, 419 108, 866 136, 791 141, 817 171, 134 142, 209 61, 015 69, 280 70, 556 85, 652 1, 816, 484 2, 130, 498 i, 885, 505 2,418,577 i, 989, 769 2, 170, 076 1,975, 117 2, 454, 277 1, 535, 1, 406, 1, 496, 1, 531, 231 117 242 505 542, 173 622,471 574, 905 788, 461 511,689 626, 933 739,831 570, 941 715 989 154 186 ! .. September __ October November- _ December... 193G January Februarv March \pril 8, 503 16, 327 6,381 7, 500 8,458 i 8, 076 7,492 7,714 612 847 861 •165 521, 877 530, 286 005, 754 5<>6,S:U 624, 676 730,911 686, 814 620, 947 296 089 973 255 i ! , ! 1 i ; i ! : 1 Mav June 869 599 754 965 871 731 144 232 1 j | 1 1 j ! 1 Fibril a ted sfiu^tui il steel dati compiled by the jJudgc Builders and b*ri> tuiul <Soc« ty »p tu Vpi i, 1922, and <= nee then by U. S. Department of Commerce, Bureau of the Cn w/6, including tpoit* fiomthe Structural Me*I c Society Poicf-ntages of Ldpauty cilculiUd Irom r< oorts of (lie Bridge Builders and Structural Society up to April, 1922, and inched to dt-tiaiart 11 )t )1 c ipacity each year b i t,d on a, special fc'ii ve> bv the Bureau of the ( c <. i\ is published in the February, 1925, issue (No. 42), p. 14. Beginning \ ith -vi il, 1JJ2, i ^poits received fiom 200 finus (.ml in a Idition 1*. nuns now out 01 ousmess) with a total capacity of 249,735 tons in 1922, 247,855 tons in 1923, 255,525 ton* in 1924, t >nd 2( 2,b9 to/', in 1925, ha\e been p.oiated to the Cotim ited total capacJt/ of the LnJted Siateo, 284,000 tons in 1922 and 285,000 tons in 1923, 293,000 tons in 19.ii,2 and 3u5,OuO t M. in 1V5, ioi commnson wi'h pi^io "3 fk,mps Compiled by Ue U. S D<IKL, thu nf of Cowmtrce, Bunai t f t h Cenw*, uom lepoito oJ \5 identic a ai'ns, including most of the larger fabricators. Data for other classifications iBemded in the tot il PO\eiing lefineiy, tank cai-j, j. a Loldeio, bl ist iuinaces, and miv j 'l, >r o<io, includirg stocks and ladies, but not separately shown, are given on pic^s5 rele ' j^'-iJud by ^he Biaeau of the Census. Ji on and st'\K \rojlsanuiinpOiL fiomJief/" ^ I) lutti^ntof Comment, Buiec i of Foreign ituilj>o le^tic Com> ifrce The export column designated "Selected items" an 1 *PO nnnriis a^e b latd. on tlie Moup oi pig UO T J «nvl r, Jed piodui Is u >d in tbo Iron, Tnde R >en , c<vnpaiable each month back to 1913. Beginning with January, 1922, c'lKomii oditiesa'f civen in quaiititua in die e ^poit lepoics, anJ tliiis i ^iarid t<j.tai c in be pr<;30"*\te 1 in tl e column showing total exports, as compiled by the U. S. Dr pan ine tit of Commerce, Bureau, of Fofujibdiid Don *>tic Cuwweice. Monthly < ^ t i liom l9JOaio gi\en in June, T 922, issue (No. 10), p. 42. r lhese dita,r compiled by hie £ <S Hipanihei t of Com ,ince,1 Buicau of tnt Cen<>t">, including i 'poito fion^ tnc National Association of Steel Furniture Manufacturers, aieba^eJ onrepo tsfr(>in ^comp IIIK 3 in the "busme^^i up" tnc l ) c o m p i m b imnutictui ing sh f h in $, compriairg the entire industry, with few exceptions. Previous to Sept mbti, ly1!, (t he " business g oup" data were Irom 22 iic nufactareio oaij, which formed SO pa ctm oi the " business group" totals for 32 companies in the period from Sti ^ m t , 19z ,lj > M iy, 1923 M mthly data for the 22 oonupdme^' shipmciits fiom 1L19 are gi^en m March, 1923, issue (No. 19), p. 45 and the later data in the November, li?_' ( x^uo (Ao ! p oO. The '' uiismess gioup" includes sections, counters, office and r,aiilt vertical^, ^ales and inteuors, desks and tables, and small miscellaneous articles, exclusive of lockers. 40 Table 15.—IRON PRODUCTS AND ARSENIC OHIO FOUNDRY IRON 1 MALLEABLE CASTINGS 3 STEEL BARRELS 2 Production Meltings YEAR AND MONTH ReTotal ceipts ProducRatio st'ks tion of Actual to noriron mal Long tons 1921 mo. av_ e 7, 791 1922 mo. av. 12, 183 1923 mo. av. 20, 497 1924 mo. av. 19, 014 1925 mo. av. 18,632 Per cent of normal meltings 620.7 51.8 73.8 67.6 77.8 93 89 85 91 37 58 52 65 Ship- Stocks, end of ments month Unfilled orders, end of month Total Short tons Barrels FARM IMPLEM'TS * ARSENIC s Crude Refined Ship- Orders Ratio ments booked Sales Pro- Stocks, Pro- Stocks, in to caend of due- end of North- ducpacity mo. tion tion mo. west Per cent Short tons Thous. of dols. Short tons $1.450 393, 800 503, 888 393, 535 504,304 49, 845 7£6, 963 52,614 jl, 169, 763 1923 September October November. . December.. 18, 774 21, 458 20, 051 14, 571 71.5 68.1 70.3 57.6 86 77 82 94 49 52 48 45 1924 January February... March April 20, 520 23,137 23, 331 23, 470 74.4 74.1 79.9 74.6 85 78 84 87 57 60 59 51 307, 189 370, 966 394, 478 416, 628 303, 668 362, 725 394, 756 420, 129 49, 109 57, 350 57, 072 53, 571 May June July August 22,586 20, 251 18, 658 15, 403 75.0 72.0 62.5 54.2 82 87 85 87 44 51 49 42 418, 381 385, 155 398, 397 396, 112 425, 397 382, 550 407, 258 398, 312 46, 555 49, 160 47, 629 45,429 September. . October November.. December.. 14, 721 15, 407 16, 209 14, 471 54.5 64.5 62.8 63.0 83 85 98 76 41 52 60 57 385, 212 447, 900 391, 401 413, 785 1935 January February... March April 16, 516 17,605 21, 035 19, 954 70.7 71.4 74.9 74.0 94 106 94 92 72 58 64 54 May__ June.. July. August 20, 311 19, 940 17, 117 15, 353 77.8 73.0 85.3 76.8 108 84 84 79 September.. October November.. December.. 19,125 25,002 15, 953 15, 678 84.3 92.5 75.4 77.9 88 92 83 88 ' 59, 052 v 58. 2 < 57, 241 ' 41, 204 46. 0 47, 951 45, 795 49, 201 57, 829 54. 7 | 54, 747 51,037 1,393 1, 657 2,325 1, 497 697 2,924 3,575 1,072 1, 519 923 742 3, 268 7,034 667 1,139 1,528 1,646 901 751 1,435 1,573 60, 830 62, 238 52, 727 49, 691 59.8 59.9 49.1 46.7 59, 3C1 £9, 129 49, 426 46, 600 36, 591 48,621 37, 231 44, 962 1,441 968 444 569 615, 485 608, 660 601, 663 614, 102 64, 339 66, 436 69, 574 56, 897 58.7 62.1 65.6 53.3 66, 472 60, 112 62, 675 55, 671 73, 921 62, 593 58, 315 44, 422 346 639 1,368 1,235 1, 507 1,369 1, 566 1,819 2,393 2,194 1,963 2, 152 1,901 1,399 1,791 1,656 1,101 1,169 1,624 1,856 582, 022 421, 870 519, 034 715,480 48, 552 33, 323 30, 070 34,350 45.5 31.5 28.3 32.4 51, 924 37, 821 35, 256 35, 653 29, 085 22, 330 29, 190 32, 501 1,487 1 , 676 3, 639 3,772 1,746 1,761 1,726 1,502 2,448 2,866 3,049 3,222 1,487 1,486 1,622 1,674 2,056 2,164 2,685 3,755 389, 064 441, 851 389, 230 407, 474 905, 870 41, 577 682, 533 47, 626 49, 797 1, 230, 808 53, 265 1, 586, 034 39, 261 47, 305 45, 279 55, 028 36.9 44.0 42.5 51.3 37, 617 42, 271 41, 657 48, 281 44, 884 52, 485 46, 512 53, 297 2,802 1, 438 784 699 1,323 1, 129 1,280 1,240 3,448 3,475 3,730 4,151 1, 385 4,708 1,224 5,181 1,467 6, 245 1, 141 6,676 420, 127 413, 823 505, 429 594, 971 415, 040 407, 781 510, 928 605, 424 59, 277 64, 402 57, 603 47, 048 1, 374, 274 1, 336, 124 1. 264, 860 1, 137, 552 62, 829 56, 399 57, 304 59, 046 58.6 53.4 53.6 55.4 55, 672 57, 042 58, 999 58, 610 58, 047 46, 193 52, 962 54, 145 639 1,318 2,293 2,334 978 1,224 946 684 4,276 4,651 4,394 3,881 1,269 1,218 1, 301 1,210 6,997 7,204 7,055 6,913 59 51 70 61 570, 962 514, 913 497, 152 498, 449 569, 670 508, 880 506, 894 495, 736 48, 340 950, 353 852, 594 54, 373 44,631 1, 109, 383 48, 052 1,114,667 57, 289 55, 143 53, 450 53, 221 54.3 51.6 50.1 50.0 57, 260 54, 510 51, 384 49, 486 47, 247 44,026 52, 916 45, 142 2,009 2,454 7,006 5,109 507 752 516 672 3,384 3,193 3,091 3,233 461 1.317 804 749 6,505 7,018 7,085 7,190 78 69 68 74 510, 869 553, 545 498, 929 467, 485 503, 221 555, 981 498, 070 474, 742 55, 184 1, 012, 576 890, 904 52, 748 53, 607 1, 248, 545 46,100 1,745,346 54, 943 64, 216 58, 315 61,791 51.7 61.3 56.8 59.5 50, 621 55, 795 51, 866 55, 713 46, 530 61, 778 52, 053 51,400 2,530 1,495 CO 716 511 517 492 563 3,003 3,143 3,346 3,305 866 728 503 646 7,493 7,476 6,997 6,469 1926 January February March April May June 1 Data on gray iron foundries in Ohio from Ohio State Foundryjnen's Association, comprising reports from 40 to 70 firms each month. Owing to the varying capacity of the firms reporting each month, from 20,000 to 31,000 tons, the data on stocks and receipts have been converted to a percentage basis for better comparison. Details as to classes 2 of receipts and stocks are shown on the associations reports. Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 30 identical establishments, operating 35 plants. Data on shipments, unfilled orders, and new orders of the Steel Barrel Manufacturers Association for 1921 to 1923 appeared in February, 1924, issue (No. 30), p. 77, while orders data for 1920 may be found in September, 1923, issue (No. 25), p. 54. 3 Compiled by the U. S. Department of Commerce, Bureau of the Census, representing reports from 130 identical establishments, covering most of the industry. The bookings, however, are furnished by only 122 firms. 4 Farm implement sales at wholesale in the Northwest by seven large implement manufacturers, compiled by Federal Reserve Bank of Minneapolis, include plows, harrows, and packers, drills and planters, mowers, rakes, binders and headers, hullers, potato diggers, beet lifters, gas engines, tractors, threshing machines, binder twine, spray material, ensilage cutters, blowers, feed and fanning mills, concrete mixers, wagons and trucks, manure spreaders and litter carriers, wheelbarrows, silos, tubs, tanks, dairy and barn equipment, pumps, sprayers, windmills, etc. fi Compiled by the American Bureau of Metal Statistics. Figures on crude arsenic cover this element in its primary state while those on refined arsenic cover this commodity as derived from the crude. Stocks are those in producers' hands at the end of each month. e Ten months' average, March to December, inclusive. '8 Seven months' average. Credits, allowances, and refunds exceeded sales in this month by $2,630. 41 Table 16.—MACHINERY PUMPS Agricultural 3 Steam, power, and centrifugal 4 Shipments YEAR AND MONTH Electric Total Orders Pitcher, on hand hand, and end of windmonth 1 mill Shipments Sales i | 1919 mo av ! 1920 mo. a v _ _ _ 1921 mo. av 1922 mo. av__. 1923mo.av-_ 1924 mo. a v _ _ _ 1925 mo. av . 74, 071 34, 691 48, 203 59, 036 60, 741 47, 128 24, 117 35, 244 46, 197 51, 020 and Number Dollars No. of machines Power hydropneumatic ' Total UnNew Ship- filled orders ments orders Dollars Thousands of dollars i Number New Sales orders index Num-] Total ber h. p. Rol. to 1922-24 $1, 659 2, 045 859 3 1,157 $369,816 ! 9 51, 566 9 3, 143 i fl 552, 111 49, 804 3, 349 | 592, 855 1, 464 5^6 575 469, 183 3 45, 908 8 2, 846 | 3 530, 057 1, 099 1,430 _i $1, 290 1, 945 1,176 1,031 1,531 1,136 1, 375 $5, 973 9, 709 4,785 3,807 5, 192 2, 438 3,001 3, 073 3,097 3, 157 3,201 3, 219 3,550 3,871 68 65 57 49 49 52 61 65 73 55 50 59 58 63 234 183 73 130 122 94 112 52, 732 65,919 27, 262 60, 409 60,871 42, 857 46, 111 261 202 38 77 134 94 150 1,071 1,046 1, 267 1,372 1, 081 1,099 1,211 1, 298 2,706 2, 663 2,709 2, 751 3,380 2,980 3,105 4,089 42 42 48 56 42 51 40 63 91 110 89 89 66, 492 62, 113 34, 597 47, 939 112 122 131 107 1,288 1, 006 1,015 988 1,304 1,315 1, 065 945 2, 704 2,369 2,269 2,330 3, 428 3,346 4,137 3,270 44 45 62 49 48 42 85 62 64 102 115 94 34, 447 35, 549 37, 759 41,931 88 64 73 71 $610, 503 !! 8 $97, 284 s $101,843 275, 955 256, 869 402, 693 379, 464 312, 256 306, 315 MACHINE STOKERS 6 TOOLS (7) PATENTS GRANTED 5 Agricultural implements 8 Internalcombustion engines FOUNDRY EQUIPMENT 2 Total, all classes WASHINGMACHINE SALES i ii ! 1924 January.. February March April. 50, 472 59, 928 69, 061 66, 543 42, 271 49, 107 57, 469 55, 654 418,917 386, 747 387, 579 374, 773 315, 684 345, 492 389, 800 430, 479 589, 137 614, 579 600, 251 520, 381 May June July August 60, 653 53, 031 53, 951 65, 457 51, 285 44, 494 45, 352 56, 066 285, 217 295, 050 201, 875 237, 410 335, 450 287, 917 276, 702 284, 150 536, 802 513, 001 410, 694 378, 016 September October November December 67, 994 67, 925 57, 301 56, 576 57, 883 57, 533 48, 072 46, 878 219, 279 259, 871 284, 617 397, 738 233, 854 252, 580 203, 558 320, 109 327, 291 329, 061 399,325 431, 656 36, 988 47, 177 39, 437 42, 763 2,189 2,380 2, 494 2, 204 1 443, 636 494, 931 483. 668 466,067 ! 973 1,001 873 1,293 997 1, 152 1,023 1, 145 2,264 2, 197 2,052 2, 247 3, 721 3,276 3,512 4, 350 63 56 54 62 60 70 68 67 73 104 106 91 25, 988 58, 565 37, 167 31, 732 74 95 89 104 1925 January February March April 57, 305 66, 720 73, 739 77, 004 46, 207 53, 038 61, 108 62, 925 304, 725 326, 887 469, 325 345, 908 305, 581 277, 856 348, 590 325, 952 421, 918 59,815 446, 985 | 60, 030 539, 540 58, 327 539, 232 56, 288 2, 213 2, 539 2,964 3,550 522, 995 516, 966 545, 812 604, 393 1, 148 1,088 1, 542 1,471 946 1,067 1,319 1,354 2, 417 2,422 2,627 2, 975 3,057 3,320 4,146 3,933 54 45 77 71 50 60 83 62 57 135 131 120 27, 871 46, 298 71, 099 47, 627 104 114 134 131 May June July August 76, 200 77, 515 76, 267 78, 539 63, 380 64, 302 65, 495 64, 040 332, 175 334, 424 353, 561 580, 865 407, 340 318, 442 352, 603 388, 371 463,431 460, 383 457, 925 508, 143 57, 665 60, 344 59, 360 63, 995 3, 136 3,413 3,151 3,289 600, 766 627, 448 597, 720 j 636, 353 1, 463 1,661 1, 563 1,791 1,392 1, 539 1,498 1,428 3,031 3, 150 3,212 3, 530 3,773 4,724 3,477 3,513 79 69 57 50 92 90 48 58 122 128 147 91 55,588 44, 095 58, 719 29, 865 135 159 153 161 September October . November December 78, 774 75, 577 73, 746 66, 601 63, 607 62, 276 296, 438 424, 054 480, 328 351, 127 400, 646 414, 148 544, 042 518, 795 593, 456 62, 944 68, 152 2,909 3, 666 643, 338 661, 503 1,323 1,481 1,289 1,336 1, 461 1,582 1,290 1,625 3,378 3, 252 3,256 2,765 4,281 3, 725 3,777 4,726 68 63 48 48 57 59 53 43 119 114 76 108 38, 155 53, 451 33, 461 47, 104 149 208 189 162 j 1926 January February, __ _ j _ March April May June 52, 844 50, 056 55, 663 42, 339 2, 798 3. 065 3,654 3, 986 537, 762 575, 530 630, 288 608, 576 1 , 1 1 ! i i !___ _ i 1 Compiled by the American Washing Machine Manufacturers' Association from reports of 48 members representing practically the entire industry in the United States and Canada. Data for 7 small firms have been estimated to make the compilation complete. Monthly data from 1920, showing electric, gas, and power, water-power, and hand2 machines, separately, are given in November, 1924, issue (No. 39), p. 97. Data reported by 11 members of the Foundry Equipment Manufacturers' Association, said to represent 65 to 70 per cent of the foundry equipment industry. The principal products are molding machines, sand-cutting machines, sand-blast machines, tumbling barrels, sand-mixing machines, cupolas, ladles, core-making machines, etc. 3 Compiled by the Federal Reserve Bank of Chicago, covering 22 firms, until 1924, since when only 19 firms have reported; the total shipments include, besides the articles shown in other two columns, the value of cylinders shipped separately. Comparable data for May, June, July, and August, 1924, are n9t available, several firms having failed to report. Details for each class, segregated as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bank of Chicago. 4 Data from the Hydraulic Society, covering about two-thirds of the industry, on which monthly data back to January, 1919, may be found in the September, 1923, issue (No. 25), pp. 54-57. The association reports give data by classes, showing single steam, double steam, power, and centrifugal. The number of firms reporting has gradually 5increased from 14 in 1919 to 23 in 1925. Patents granted compiled from the official records on file in the U. S. Department of Commerce, U. S. Patent Office, Division of Publications; inasmuch as patents are granted on Tuesdays only, the number of patents shown for a given month represents the total of either four or five Tuesdays. Monthly data from 1913 appeared in April, 1923, issue (No. 20), p. 48, except for internal-combustion engines, which appeared in June, 1923, issue (No. 22), p. 52. Agricultural implements patents fall within the official classification of "Agricultural implements; planters, harrows and diggers, plows, harvesters, scattering unloaders, and threshing implements." Annual averages from 19136to 1918 appeared in February, 1925, issue (No. 42), p. 64. Stoker sales through December, 1922, from the Stoker Manufacturers' Association, said to represent approximately 99 per cent of the industry; beginning with January, 1923, from reports to U. S. Department of Commerce, Bureau of the Census, from 13 manufacturers, representing practically the entire industry (15 prior to August, 1924, when 4 establishments consolidated into 2). Monthly data from 1920 appeared in September, 1922, issue (No. 13), p. 48. Press releases show segregation as to installation under fire-tube or water-tube boilers. 7 Compiled by the National Machine Tool Builders' Association, including quantity reports from between 50 and 60 firms, said to represent about one-third of the industry. This index, based on average monthly shipments for the years 1922 to 1924 as 100, covers gross new orders, and is substituted for the index previously published, based on 1920 as 100. The association reports give detailed index numbers by sizes of firms but no numerical data. Detailed shipments data, since discontinued, appeared on p. 55 of the April, 1924, issue (No. 32). 8 9 Eight months' average. Eleven months' average. 42 Table 17.—AUTOMOBILES PRODUCTION i Passenger cars EXPORTS * Trucks United States United CanStates ada CanTotal United States ada ofdol*'' 1 Number of cars 1913 monthly average 1914 monthly average 1915 monthly aver age. _. 1916 monthly average-.. 1917 monthly average.. _ 1918 monthly average... 1919 monthly average 1920 1921 1922 1923 1924 1925 3ft 45& 45 307 i 68, 218 124, 463 145, 066 77, 199 138, 138 1 . 958 2, 115 | 6 167 7, 500 10, 680 18, 938 26, 364 I 156 930 monthly average 127, 933 monthly average monthly average.. . 198, 766 monthly average... 308, 547 monthly average. ... 271 897 262, 083 9,. 814 monthly average-. - 318, 137 306, 527 11, 609 Canada : i FOREIGN ! AS, SEMBLIES ACCESsoComplete or chassis Complete or chassis! Passenger Tr'ks R1ES AccesAND cars and j P'TS sories and wag- i Pasand PasTotal senger Tr'ks parts Total senger Tr'ks motor ons ! 6) " cars cycles cars 1 YEAR AND MONTH Total INTERNALREVENUE SALES' TAXES OF ON 3— 2.157 1, 861 3, 489 5, 160 5, 480 3, 078 5, 595 286 1, 841 1, 577 1, 207 859 1. 299 1, 389 2,001 2. 635 2, 801 3,517 14, 304 3, 202 6, 546 12, CSS 14, 843 25, 245 11, 876 2, 579 5, 591 10, 586 12, 589 ?0, 358 2, 42£ 623 955 2.072 2, 255 4, 880 7., 183 3. 255 3, 191 4, 915 6, 086 7, 016 472 Number : of cars : Thousands of iollars : • - < • * . - . - . , i! i 2. l>41 ! 2. 147 5, 330 6, 737 6, G87 3, 937 C, 894 26, 837 1 32,272 _.. 21, 182 32S 711 31, 445 29. 989 1, 457 41, 417 39, 577 1,840 Number of cars ! : '' '. ! fi 1,006 1,912 6780 1. 633 6 226 279 i $5, 8 24 7$.!, 138 | rv,<-; riuQ 1, 918 893 3, 164 5,827 4,721 6, 182 1. 506 775 2, 950 4. 790 3,657 4,834 412 118 214 1,037 1, 064 1,349 6 967 4, 270 5,821 8,857 8, 427 9, 332 85 004 1, 263 687 ; 67, 474 70Q 58 923 909 861 697 G4, 336 58,017 76, 955 8. 851 . ll.S'^2 ; 14, 981 • 1924 May June July August September October November December - 280., 324 22-\ 079 244, 544 2 '5 232 271,033 214,322 235, 925 249, 796 263, 528 260, 881 204, 343 182, 099 256, 254, 198, 174, 940 524 381 899 15, 291 10, 757 8, 619 5, 436 35, 314 29, 067 26, 391 28, 647 33, 561 28, 117 25, 284 27, 767 1, 753 17, 102 950 12. 341 J, 107 ! 11, 703 880 ! 13. 914 11363 10. 142 9, 946 12, 220 2, 2, 1, 1, 6, 588 6, 357 5, 962 7,200 31, 960 32, 475 27, 905 27, 542 30, 609 31, 205 26, 824 25, 852 1.351 1. 270 1, 081 1, 690 11,655 14, 373 11,619 10, 962 2, 306 2 724 1, 898 2, 098 13, 961 17, 097 13, 517 13, 060 739 199 757 694 11,539 8, 425 7, 606 6, 156 1, 098 917 902 702 751 1, 033 1, 453 924 9, 278 7, 469 4, 4S2 8, 586 545 1,391 522 301 75, 558 78, 678 563 560 581 596 5, 363 4, 636 4,319 3,147 4, 3, 3, 2, 302 512 519 575 1, 061 1, 124 800 572 4. 829 5, 534 5, 686 4, 799 2. 930 4, 514 5,805 4,772 2, 3, 4, 3, 179 481 352 847 5, 6, 5, 4, i j ! j 60, 52. 59. 48, 324 06C 314 380 it. IS] ', 12, ',«7G 12, S9<i i 10,460 : I 12, 019 J 2, 584 : 13, 075 11,574 15. 433 10, 279 : ; : ': 72, 588 i 1925 January February M arch April _ 212,921 204, 620 242, 024 319, 140 375, 787 8, 301 10, 779 13,014 15, 515 28, 34, 45, 47, 141 410 698 823 20, 576 32, 717 43, 009 46, 247 1, 565 1, 693 2, 089 1, 576 17, 474 .16, 891 27, 993 28, 833 14, 492 14, 739 23, 265 23, 806 2,982 2, 152 4, 728 5, 027 4, 764 5,363 8. 450 8, 163 5, 174 5, 136 7, 573 5, 894 3,732 4, 008 6, 495 4,760 1,442 1, 128 1, 078 1,134 6, 599 5, 583 5, 749 11, 121 592 277 461 498 66, 279 252 803 332, 154 391, 302 June.-July A ugust . . 382, 714 364, 806 358, 554 221, 831 364, 363 350, 557 347, 414 214, 401 18, 351 14, 249 11, 140 7, 430 43, 307 38, 056 41, 840 37, 770 41, 419 36; 262 39, 995 36? 284 1, 888 1,794 1, 845 1, 486 29, 871 20, 408 20. 859 33, 240 24, 5(52 17, 310 16, 567 26, 516 5, 309 3, 098 4, 292 9,081 7, 329 5, 704 6, 021 5, 753 6,081 4,284 4, 431 4, 633 4, 811 3,021 2, 985 1, 120 1,270 1, 263 1, 446 10, 028 11, 506 12, 333 10, 198 688 959 660 558 65, 653 91.118 73, 799 98,312 September October November December 272. 425 406, 572 336, 358 285, 198 262, 053 392, 651 327, 617 277, 700 10, 372 13, 921 8,741 7, 498 60, 374 45, 914 39, 995 34, 270 57, 894 44, 220 37, 758 32, 542 2,480 1, 694 2, 237 1, 728 22,814 22. 562 28, 472 33, 520 18, 780 18, 487 21, 158 24, 619 4, 034 4, 075 7.314 8,901 7, 561 7, 521 6, 346 7,887 j 5, 547 7, 976 9. 323 7,015 4,030 6,229 7, 659 5, 642 1. 517 1, 747 1, 664 1,373 11,800 5, 089 12, 614 9,385 May 65, 953 64, 837 18, 237 ! 16, 839 16, 1.94 i • 1926 Januarv February March April May June .. 1, 463 106, 763 11,817 580 66, 004 12, 713 438 90, 382 14. 727 1. 186 76, 791 ! 16, 651 i i i i | ' i _ - . . - . - . _ : - I - - J 1 ' - i !__ — _ _ .... - . _ . _ ! ' j II 1 ! 1 Monthly automobile production data beginning July, 1921, represent practically complete production, as compiled by the U. S. Departjnent of Commerce, Bureau of the Census, including total membership of the National Automobile Chamber of Commerce. Annual figures through 1921 represent complete production as compiled by the National Automobile Chamber of Commerce. Monthly figures from January, 1920, through June, 1921, have been estimated by the Cleveland Trust Co. on the basis of shipments and are given in detail in the July, 1923, issue (No. 23) of the SURVEY. Total figures prior to 1924 are not strictly comparable with the data for 1924 and 1925, since a few manufacturers were unable to furnish data for prior years covering their Canadian operations. 2 Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 3 Data compiled by the U. S. Treasury Department, Bureau of Internal Revenue, represent internal-revenue taxes collected under the revenue acts of 1918,1921, and 1924. For taxes on automobiles and motor cycle's ("including tires, inner tubes, parts, and accessories therefor, sold in connection therewith") the rate is 5 per cent, and payable (No. 17), p. 51. * Computed from tax collections by the U. S. Treasury Department, Bureau of Internal Revenue, which were at the rate of 5 per cent on "automobile accessories and parts sold to any person other than a manufacturer of automobiles" under the act of 1921 and at the rate of 2^ per cent under the act of 1924 for goods of the same description. It should be noted that the data in this column have been computed to actual sales values and thus do not represent merely the taxes on those values; also tliai the sales6 actually took place in the previous month. Cars assembled in foreign countries except Canada by the principal American automobile manufacturers compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. These cars are not included in the production figures for the United States and Canada, nor in the exports of complete cars or chassis, but 6they are represented in the value of parts exported. 7 Nine months' average, April to December, inclusive. Six months' average, July to December, inclusive. 43 Table 18.—MOTOR VEHICLES, FIRE EXTINGUISHERS, AND BABBITT METAL ELECTRIC TRUCKS AND TRACTORS 2 NEW PASSENGER-CAB REGISTRATIONS (by price groups) 1 : AUTOMOBILE ACCESSORIES * YEAR AND MONTH Highest price Total MisSecond Third Lowest cellahighest highest price neous Domestic Original ports ecpiipTrac- All ment tors | other Consumption Shipments Direct Sale to Motor by conveprohicles duc- sumers ers Ac- I Service Replacement parts Total apparent ment Relative to Jan., 1925 No. of vehicles Number of cars FIRE EXTINGUISHERS 6 i Sales Shipments BABBITT METAL « Hand types Number Thousands of pounds i I... 1925 mo. av_... 16 , | 92 11 156 120 ! 153 124 101 138 183 100 86 95 107 100 121 159 193 100 122 162 149 5, 683 5, 165 5,644 5, 126 1,062 1, 061 1, 248 1,198 125 47, 491 4, 621 4,103 4, 396 3, 928 114 101 110 132 50, 528 42, 146 47, 679 51, 662 1, 177 ! 4, 094 I"' 2 7 1 ! 1935 January { ifi4 "fiQ February 158, 817 March . . 249, 971 \pril 350, 533 4 024 4,053 6, 931 9, 144 31 193 30, 205 50, 176 68, 004 21 426 22, 143 36, 594 50, 069 104,512 98, 761 149, 839 214, 691 3, 614 3, 655 6,431 ! 8, 625 May__June.. July August 339, 794 309, 512 319,964 261, 307 8,340 8,011 8 290 8, 144 64, 703 55, 033 54 777 51,872 49, 441 47, 269 54, 967 49, 056 208, 833 193, 147 199. 003 150,457 September October November December 193, 169 247, 002 193, 922 7,893 8, 663 6, 364 50, 468 47,814 33, 297 46,417 43, 918 29, 866 87, 073 145, 508 123, 612 1 r — 3 42 3 251 341 8,477 | 6,052 2 927 ' i, 778 ! 3 49 3 277 s 50 174 164 165 161 134 129 152 130 173 172 149 149 146 159 113 113 5, 082 5.075 5,184 5, 442 892 990 1,490 1, 373 4, 190 4, 085 3, 694 4, 069 138 137 148 127 49, 615 50, 590 49, 962 46, 201 1,318 .1,099 783 3 56 16 11 12 a 283 107 101 85 '12 5 9 10 179 214 149 141 100 131 133 145 155 163 158 146 123 100 96 110 4,621 5, 550 4,955 5,727 1,041 1,380 1,421 969 3,580 4, 170 3, 534 4,758 121 119 121 134 48, 826 46, 622 41,659 44, 386 18 86 3 1926 January February March April i i i d Quarter ending in month indicated. 4 Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relatiive numbers being based on value, with January, 1925, as 100. Ai 1 1 s Compiled by the U. S. Department of Commerce, Bureau of the Census, '--- ^jt,^.,~ ^ of -* -. "" f— ~— — ^ -- --~- *from sales '-- ^by manufacturers and con,,', from ..^^ reports ^ 27 firms. — ^ Consumption is -calculated important railroad systems) wno mption by those firms (among them several important who consume their own production. These figures include all white-base friction-bearing metal. 6 Data on shipments of fire extinguishers compiled from reports of 33 companies to the U. S. Department of Commerce, Bureau of the Census. Further details by classes are given on press releases. Data compiled by the Fire Extinguisher Exchange from January, 1922, through September, 1923, appeared in May, 1924, issue (No. 33), p. 81. Table 19.—NATIONAL ADVERTISING IN NEWSPAPERS YEAR AND MONTH Total Food, Radio Auto- Auto- Cigars, Men's Musiciga- Finan- grocer- Hotels Household clothcal and mobile mobile rettes, and furniies, elecinstruadver- accrescial ing bever- resorts ture and trical ments tising sories tobacco ages Railroads and steamships Sh »es Toilet articles Worn- Miscellamtdical ens i prepa- ware neous j rations Thousands of lines 1925 mo. av.2 24, 730 4,624 1,259 1, 435 1935 June July August 24, 030 18, 934 20, 380 3,299 3,849 6,276 1,749 1,382 1,244 September October November December 24, 925 33, 415 30, 695 20, 733 5,246 5,616 5,023 3,058 1,488 1,376 1,041 530 932 3, 563 530 5Q2 331 154 1,294 1,748 217 4,289 158 3,409 1,210 1,332 1,048' 1,075 997 653 4,269 3,972 2,603 953 883 464 426 205 426 507 209 75 107 38 49 407 292 312 2,530 2,011 1,570 246 133 42 3, 561 3, 368 2, 990 84 34 31 3,606 229 2,594 892 1,838 2,199 1,525 903 1,023 906 967 2,922 4,606 4,183 2, 383 221 291 396 499 1, 037 1,153 591 303 393 578 375 180 69 232 353 227 1,001 2,056 2,498 2,490 1,475 1,467 1,532 1,649 244 294 256 307 3, 844 6, 303 6, 584 3,371 236 422 232 68 4,697 5,038 4,525 3,176 1926 January February March April 1 1 : Compiled by Printers Ink, showing the amount of national advertising of various classes appearing in newspapers ol»f 44 identical i lieved to represent from 15 to 20 per cent of the total advertising appearing in newspapers. 2 Seven-months' average, June to December, inclusive. i 1 National advertising is be- 44 Table 20.—COPPER AND BRASS COPPER PLUMBING FIXTURES Stocks, end mo. 10 Price (N.aiid S.America) Ingots Production YEAR AND MONTH Mine * World 7 DomesExtic produc- shipports Refined « tion, ments refined Smel- (N.andS. blister ter 5 refined s America) trofytiJ Blister (New |i York)n 9 Refined 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 51, 487 47, 851 62, 003 83 578 78, 976 79, 584 50, 514 51, 020 47, 922 57, 834 80 327 78, 588 79, 522 53, 601 1920 monthly 1921 monthly 1922 monthly 1923 monthly 1924 monthly 1925 monthly 51, 023 19, 667 41, 154 61, 564 66, 115 70, 126 50, 378 23, 938 47, 131 69, 478 74, 872 79,011 69, 615 44, 766 65, 736 96, 990 108, 361 1924 September October November December 63, 800 68, 989 68, 291 67, 647 74,390 81, COS 74,975 75,333 | 106,026 j i s i l l , 224 i«lll,224 !ifllll,224 1925 January Februarv March. _ __ April 74, 789 68, 967 74, 901 70, 667 82,676 ' 16 109, 241 78,237 16 109. 240 87, 109 is 109, 241 79, 149 16 112, 434 130, 310 122, 975 135, 359 124, 510 70, 574 69, 894 68, 507 68, 090 77, 041 16 112, 434 76, 587 16 112, 434 114, 182 76, 335 72, 861 110, 029 126, 236 16 64, 726 125, 685 16 64, 725 124, 926 65, 208 122, 618 73, 740 67, 720 70, 819 67,400 69, 178 76, 571 83, 239 79, 292 79, 030 108, 426 121, 639 113, 474 125, 206 138, 634 133, 173 119,535 131,276 average average average average average average May June July August _ __ __ .. September _ _ October November December... 1926 January Februarv. _ _ March.. _ ... April . 31 QOf, 46, 194 30, 398 21, 413 12351.061 77, 300 112,692 52, 179 25, G05 45, 829 61, 293 62, 782 68, 893 25, 888 26, 178 30, 584 34, 049 45, 813 44,151 47, 726 129, 547 16 58, 402 122, 008 16 58, 402 125, 939 16 58, 402 49, 346 45, 528 51, 830 48, 160 79, 553 113,016 121, 624 128, 409 116,557 16 16 16 16 63, 924 63, 924 63, 923 64, 726 71, 215 76, 468 82, 779 71, 358 » tubular 49, 32, 62, 53, 612 101 728 119 1 12 320, 738 i-'267,969 12 149, 393 120, 427 244, 509 17 241. 059 i 128,918 is 82,718 is 247, 220 7 136/756 233, 742 136, 434 237, 528 i . 1746 .1250 .1338 n 220, 198 i4$208,006 .1442 215, 908 207, 849 . 1303 265, 748 224, 054 9 . 1404 i 212, 930 229, 695 Orders shipped Number of pieces Dollars $0. 1527 i a . 1360 . 1728 2720 .2718 .2463 . 1869 38 593 3.i 003 28. 362 Whole- Orders sale price, 2 received 6 pieces Sales Dollars Number per Ib. Short tons BRASS FAUCETS 3 $67 53 126. 45 119.84 112. 81 is 296, 090 is 280, 033 519, 970 478, 768 437, 252 381, 261 385, 891 421, 116 .1292 .1293 .1364 .1426 167, 497 174, 822 309, 268 595, 729 143, 267 146, 958 270, 379 452, 401 117. 84 116. 15 115. 45 114.91 447, 604 460, 664 590, 333 890, 924 396, 795 446, 168 296, 729 335, 180 .1471 . 1446 . 1400 .1325 304, 015 260, 893 146, 494 176, 962 251, 290 216, 019 145, 024 170, 658 115. 28 116. 14 114. 54 114.46 657, 616 394, 882 313, 267 263, 551 676, 537 550, 333 554, 565 398, 594 122, 318 260, 466 56, 664 52, 945 52. 354 38. 285 91,326 88, 008 77, 343 250, 506 242, 792 239, 542 1335 . 1340 . 1395 . 1449 145, 005 186, 515 179, 805 218, 768 140, 577 173, 020 180, 603 202, 586 113. 69 112.16 111.55 111.44 326, 230 299, 931 336, 609 362, 901 428, 302 320, 596 350, 091 320, 958 34, 516 30, 872 30, 547 36, 069 69, 007 72, 855 67, 838 73, 019 247, 398 247, 061 246, 910 243, 086 . 1438 .1430 . 1435 . 1387 197, 703 315, 143 192, 638 314, 967 385, 128 383, 828 111.72 111.77 110. 83 110.13 368, 405 442, 427 547, 667 317, 210 338, 083 468, 330 366, 603 280, 398 .1382 (20) (20) | ins 7Q May June 1 Tubular plumbing sales from Tubular Plumbing Goods Association, comprising cast, wrought, and miscellaneous traps, basin, bath, and tank supply pipes and connected wastes and overflows. Details by classes, sizes, and geographical distribution are given on the association's reports. 2 Wholesale price, compiled by the U. S. Department of Commerce, Bureau of the Census, is an average of 12 reports of combined net selling prices to retailers, without freight, on the following competitive fixtures: Bathtub, washstand, water-closet, sink, two-part cement laundry tub, and 30-gallon range boiler. 3 Data on brass faucets, representing the total of 22 different kinds of faucets, reported to the National Association of Brass Manufacturers by about 13 members each month. 4 Figures on mine production represent practically complete primary production of copper in the United States, as compiled by the American .Bureau of Metal Statistics, since8 January, 1921. Mine production from 1913 through 1920 is given as reported annually by the U. S. Department of the Interior, Geological Survey. Smelter production data are based on the production of blister copper by smelters in the United States from both domestic and imported ores, also from some scrap copper, as compiled by the American Bureau of Metal Statistics. Yearly figures for the period 1913-1920 represent production as reported by the U. S. Department of the Interior, Geological Survey. 6 Refined production represents the total output of refined copper by primary refiners in North and South America, as compiled by the American Bureau of Metal Statistics. 7 World production of blister copper as compiled by the American Bureau of Metal Statistics, includes the smelter output of the United States, Mexico, Canada, Chile, Peru, Japan, Australia, Europe, Belgian Congo, and Rhodesia. These countries produced about 95 per cent of the world's production in 1922 and about 96 per cent in 1923. The 8figures are based on smelter production of blister copper without any attempt at segregation according to the country of origin. Shipments figures represent the movement of refined copper from 12 refineries, located in both North and South America, as compiled by the American Bureau of Metal Statistics. 9 Exports of refined copper compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include refined copper in pigs, ingots, bars, old and 10scrap, pipes, tubes, plates, sheets, and wire except insulated wire and cable; other manufactures of copper included since Jan. 1922. Stocks of blister copper, North and South America, also include copper "in process." Stock figures compiled monthly through September, 1924, thereafter quarterly, by the American Bureau of Metal Statistics. 11 Price of ingot copper, electrolytic, New York, based on averages of daily transactions, reported by the Engineering and Mining Journal-Press. 12 Stocks appearing opposite the years 1919 to 1922, inclusive, are as of Dec. 31 of the year indicated. 13 Nine months' average. 14 Four months' average. 15 Seven months' average. 16 Prorated from quarterly total. 17 Ten months' average, October andNovember missing. 18 Eight months' average, January, February, April, and May missing. 19 Ten months' average, November and December missing. 20 Data not available. 45 Table 21.—TIN, ZINC, AND LEAD TIN* Stocks YEAR AND MONTH Deliveries World visible Imports- Price, Bars, (New U.S. blocks, etc. York)* av av av av av av av 3, 658 3,475 4,063 4, 685 4,823 4, 862 2, 692 12 377 14, 907 15, 208 18, 585 18, 803 13, 894 12, 890 1, 930 1,599 2,078 3,331 2,284 286 1, 630 4, 268 $0. 4425 3,728 «.3430 4,140 . 3859 6, 288 . 4338 5, 763 ,. 6180 5,302 3, 337 ., 6333 1920ino. av 1921 mo. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av 4, 260 2. 160 4, 788 5,846 5, 344 6, 371 19, 726 19, 697 23, 655 21,740 21, 504 19, 538 3, 322 2,351 2, 481 2,667 3, 351 2,890 4, 689 2,017 5,011 5, 755 5, 428 6, 386 1924 January .__ _ February March \pril 4,895 8,845 4,560 7,590 24, 372 21, 835 23, 275 19, 023 2, 812 3,302 1,802 4,322 May June _ _ July August... 5,240 4,310 3,930 4,805 19,711 20, 094 20, 161 24, 302 September. . _ October.. __ November December 4, 985 5,090 5,790 4,085 1925 January February March April 7,155 7,205 7,100 6,655 May_ June July August -. ..- September. October.. November December 1926 January February. March April.... Retorts ProOre PriceOre in oper- duction Stocks ship- stocks, Prime ation, (total at re- ments, Joplin western end of pri- fineries Joplin district (St. month mary) district Lou is) < Dolls, per Ib. Number Long tons 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. 1918 mo. 1919 mo. LEAD 3 ZINC 2 Production Dolls, per Ib. Short tons Price—ReOre Pig, ship- ceitipts Stocks, desilments, of lead U.S. and verized Joplin in U. S. Mexico (New district ore York)* Dolls, per Ib. Short tons 105, 684 94, 468 156, 568 204, 693 136, 639 123,033 100, 830 28, 890 29, 420 40, 793 55, 621 55, 798 43, 160 38, 250 40, 659 20, 095 14, 253 17, 598 53, 721 41, 241 37, 485 23, 931 21, 421 25, 795 30, 625 34, 070 30, 231 35, 326 $0 0550 0506 .1305 1263 .0873 0789 0699 3 972 3 458 3,776 4,496 5, 264 5 561 5 683 .4827 .2858 .3183 .4180 .4968 .5679 89, 737 36,623 57, 007 84, 634 76, 748 87, 062 39, 981 17, 966 31, 140 44, 267 44, 654 49, 244 40, 443 79, 829 36, 385 20, 125 39, 226 15, 720 47, 499 26, 184 45, 147 58, 126 60, 965 67, 767 .0767 0466 .0572 .0661 .0634 . 0762 43, 869 47, 728 7,601 5,701 7,805 7,522 8,336 10, 777 25, 986 30, 748 37, 449 41,844 46, 069 5, 770 9,196 3,513 10, 182 .4825 . 5277 .5437 . 4946 78, 768 79, 232 78, 092 82, 650 49,709 43, 933 47, 775 44, 949 40, 697 37, 192 32, 074 32, 778 49, 862 58, 195 84, 994 52, 609 51, 440 49,800 32, 640 41, 760 .0643 .0676 .0649 .0612 36, 670 39, 912 43, 109 40, 362 8,127 7, 072 9,704 7,352 38, 485 39, 470 39, 924 40, 819 100, 530 101, 244 103, 367 110, 480 .0797 .0855 .0901 .0826 4,067 4,067 5,059 3,454 5,052 4,092 4,833 3,351 . 4361 .4227 .4575 .5141 81, 143 75, 155 71, 827 72, 195 47, 666 43, 442 42, 913 41, 775 42, 364 49, 684 52, 705 50, 922 60, 151 45, 836 46, 351 73, 727 46, 160 48, 040 46, 360 41, 240 . 0579 . 0579 .0590 .0618 44, 276 46, 119 44, 483 44, 638 7, 790 5,968 5,125 9, 470 45, 520 41, 096 39, 956 43, 061 109, 922 108, 760 105, 486 103, 457 .0727 .0702 .0712 . 0783 20, 233 18, 971 20, 977 25, 088 3,974 2, 419 2, 089 2,844 5,223 4,496 4,191 5,240 .4860 .5004 .5385 .5572 70, 875 72, 139 77, 631 81, 274 40, 852 42, 488 42, 633 47, 711 45, 720 38, 452 26, 912 21, 208 55, 878 65, 581 79, 587 58, 809 45, 440 43, 400 31, 159 26, 600 .0618 . 0632 . 0680 .0737 46, 925 47, 417 46, 597 45, 920 7,770 9, 355 12, 222 10, 078 43, 052 45, 577 42, 619 42, 552 98, 277 97, 471 98,361 87, 197 .0800 .0824 .0869 .0921 22, 949 23, 591 19, 623 18, 105 4,394 3,949 5,184 2,309 8,714 6,117 8,037 4,656 .5769 .5652 .5304 .5138 86, 081 87, 377 86, 529 86, 674 50, 386 46,811 51, 485 48, 851 18, 996 16, 703 17, 196 18, 337 67, 824 66, 485 62, 796 57, 430 33, 120 33, 920 32,200 35, 400 .0774 .0748 .0732 .0699 47, 091 42, 237 49, 635 46, 209 13, 449 10, 694 9,732 9,749 47, 254 45, 224 46, 081 45,005 100, 925 105, 812 104, 784 100, 963 . 1017 .0943 . 0891 .0801 4,910 • 20,897 6, 175 19, 797 6,475 19, 857 6,520 20, 000 1,404 2,054 2,414 3,644 3,847 6,985 6, 735 7,747 .5368 . 5489 . 5668 .5665 86, 457 82, 358 82, 140 85, 576 49, 738 45, 921 47, 583 47, 849 21, 210 22, 906 20, 771 17, 032 71, 248 62, 997 56, 893 75, 130 35, 440 33, 680 19, 920 28,200 .0695 .0699 .0721 .0758 47, 316 48, 775 46, 552 46, 223 9,605 10, 089 7,822 10, 775 45, 426 45, 397 43, 108 42, 588 97, 462 96, 738 95, 731 91, 589 .0799 .0832 .0815 . 0919 6,360 6,070 5,670 6,160 17, 642 15, 770 18, 199 18, 024 2,309 2,464 1,904 2,654 6, 365 6,401 4,574 7,449 . 5641 .6046 .6214 .6195 86, 556 89, 877 90, 085 95, 029 47, 384 50, 497 50, 629 53, 794 11, 796 7,475 6, 922 9,295 70, 052 81, 277 73, 915 67, 156 22, 500 24,500 19, 5QO .0775 .0828 .0861 .0857 44, 334 52, 927 49, 230 52, 209 10, 819 9,702 13, 709 13, 180 46, 381 47,412 48, 273 50, 682 96, 932 104, 999 106, 912 .0951 .0951 .0974 .0931 7,340 16, 787 2,104 .6142 68, 063 58, 653 41, 454 0830 $0. 0437 .0386 .0463 .0686 .0879 .0741 .0576 102, 046 .0796 . 0455 . 0573 . 0727 .0810 .0902 .0926 May.... June Deliveries and stocks of tin from New ,York Metal Exchange. Stocks in ,thej United States are at port warehouses,,. in New York at the end „ of the month, while deliveries 4-V^™^..~l ™o „„,? ,^^,^4*„ „ ^__ r ™ ^ !_. _ ^ ! j , , . Ore shipments and and produces Mexico of ore, matte, base bullion, and refined lead, including antimonial, reported"by the American ~Bureau of Metal"statistics. Shipment^of leTdi'ore'from mines of the Joplin district from the Joplin Globe. * Price quotations, representing averages of daily prices are from the Engineering and Mining Journal; prices on tin and lead are New York quotations and zinc is from « Eleven months' average, August missing. 46 Table 22.—ENAMELED SANITARY WARE LAVATORIES BATHS YEAR AND MONTH ! SINKS : TOTAL SMALL WARE 2 MISCELLANEOUS Orders Stocks, Orders Unfilled Orders Stocks, Orders Orders Stocks, Orders, Orders Stocks, Orders | Unfitted shipped end mo. received orders shipped end mo. received shipped end mo. received shipped end mo. received orders i Number of pieces av av__ av av av av av 39,831 42, 450 40, 977 51, 181 33, 172 19, 495 34, 608 60, 530 42, 175 21, 514 69, 872 mo' av mo. av mo. av mo. av_. mo. av mo. av 51,441 41, 510 74,814 90,396 95, 629 110,485 20, 951 75, 324 41, 768 35, 439 71, 193 106, 974 36, 774 40, 911 93, 033 97, 316 98, 758 115, 838 93, 583 78, 954 81. 082 90, 721 33, 866 29, 462 27, 107 30, 110 September October _ November December 87, 376 113, 718 91, 128 81, 069 1924 January Februarv March April 1913 mo 1914 mo. 1915 mo. 1916 mo. 1917 mo. 1918 mo. 1919 mo. 47, 754 49, 527 55, 769 65, 230 44, 888 32, 697 45, 768 132, 309 139, 751 340,816 137, 628 253, 957 168, 542 104, 129 51, 438 58, 169 91,512 110,479 110,283 127, 379 77, 686 67, 404 67, 770 76, 221 296, 497 286, 888 245, 568 248, 844 29, 782 30, 429 37, 342 43, 557 75, 795 106, 780 86, 634 98, 916 95, 562 98, 568 116, 717 102, 984 52, 924 60, 462 63,415 65, 299 June July August 101, 146 84, 665 97, 376 103, 232 September O ct ober November December 1935 January.. February March \pril 34, 322 73, 612 53, 428 57, 789 70, 026 74, 293 48,419 33, 097 54, 584 145, 329 125, 814 43, 302 109, 318 79, 507 56, 408 143, 788 217,041 53, 438 50,315 117, 222 121, 891 100, 353 131, 752 60, 231 66, 458 95, 327 114, 146 120, 381 129, 250 109, 759 100, 672 99, 903 123, 402 44, 391 45, 978 47. 763 47, 599 102, 677 77, 782 80, 049 102, 730 201,180 193. 805 190, 019 203, 329 113,802 147, 648 121, 741 111,029 40, 549 52, 110 69,412 84. 373 1 14, 943 148, 251 131, 115 98, 346 216, 295 235, 279 245, 921 239, 118 129, 988 131, 921 149, 302 128, 002 64, 399 65, 093 67, 848 63, 213 74, 925 73, 798 94, 042 92, 264 214, 309 181,907 169, 394 154, 659 104, 622 93, 878 75, 075 73, 724 68, 373 88, 980 90,012 104, 301 90, 195 78, 578 78, 297 110, 347 93, 938 93, 380 105, 905 107, 766 105, 056 121, 490 122, 999 123, 269 June July A ugust 112, 457 118, 448 134, 218 129, 629 September October November December.. 122, 564 127. 355 86, 615 93, 540 1920 1921 1922 1923 1924 1925 1923 May June Julv August - Mav _ __ Mav 1 35, 089 88, 018 31 5*0 34, 655 29, 367 40, 887 22, 201 23, 405 28, 383 77, 034 79, 869 66, 333 111,764 93, 336 59, 188 154, 896 266, 824 57, 502 64, 577 124, 179 127, 919 115, 485 133, 388 31, 062 33, 640 45, 531 57, 913 70, 658 62, 290 47,410 89, 394 68, 400 51, 260 111,138 171,306 27, 091 31, 803 Is 129,261 | 60, 933 400, 291 63, 290 913,480 65, 700 480, 920 58, 536 250, 055 110,013 107, 087 104, 053 116,916 51,810 47, 539 48, 71 5 52, 718 107,050 70, 582 80, 430 103, 543 57, 866 59, 204 52, 946 62, 093 49, 984 47, 777 47, 642 49, 489 91 , 523 131, 849 108, 031 119, 387 107, 109 141, 407 117, 222 117, 955 50,912 57, 903 67, 265 87, 147 93, 932 141, 702 120, 486 135, 726 54,217 67, 492 61, 388 63, 944 43, 422 52, 529 47, 294 51, 786 62, 288 1,099,460 44, 998 1,038,045 ! 49, 745 931,910 54, 486 828, 058 ! ! 40, 434 777, 105 62, 824 753, 386 63, 824 724, 576 61, 533 712, 620 103, 252 111,044 118, 781 125,695 139, 024 160, 636 146, 324 108, 150 137, 137, 157, 130, 624 523 799 247 97, 306 97, 902 100, 410 102,458 160,582 165, 918 103, 225 111,854 74, 484 75, 537 88, 371 79, 249 63, 964 60, 095 77, 359 81, 561 i 88, 285 106, 028 82, 699 61, 892 ' 110,697 97, 963 93, 068 104, 308 134, 088 140, 810 164, 702 149, 974 73, 137 78, 794 74, 424 97, 992 120, 027 112,062 110,070 115,707 110,820 129, 802 155, 483 104, 632 81,344 85,011 91,781 104, 737 78,100 69, 186 67, 622 70, 832 94, 819 106, 031 105, 321 114, 550 49, 340 53, 758 46, 396 60, 661 i : 579,854 458, 182 395,697 339,022 131, 904 79, 444 64, 876 89, 402 103, 002 105, 497 85, 790 83, 861 147, 318 161, 474 171, 999 196,324 94, 243 94, 583 83, 685 127, 240 110,666 114,710 91, 625 99, 857 197, 932 215, 939 228, 438 251, 448 94, 871 99, 088 93, 556 ! 132, 658 75,312 71, 508 50, 716 46, 983 132, 121 158, 351 151, 675 187, 812 65, 201 58, 291 50, 175 65, 669 j 286,783 206,332 174, 127 254,025 121, 092 100, 926 1 10, 330 110,690 108, 572 115, 236 114, 759 109, 136 123, 533 123, 085 121,936 123, 240 184, 765 203, 625 225, 497 228, 532 146, 077 124, 856 125, 847 123, 182 127, 289 121, 519 125, 667 135, 767 252, 258 276, 333 306, 220 306, 477 148, 857 123, 982 120,513 130, 063 72, 316 65, 032 71,203 75, 089 174, 290 188, 348 191, 104 196, 755 71,685 59,723 55, 595 52, 546 295,400 299,254 280, 734 265, 885 119, 104 101, 925 95, 562 90, 441 122, 785 129, 806 140, 692 129, 826 110,318 111,797 117, 461 113, 328 | 122, 322 130, 691 148, 428 140, 391 232,811 227, 018 225, 966 218, 728 129, 673 137, 887 144,052 145,848 130, 094 132, 243 135, 453 135,211 280, 317 279. 287 273, 720 252, 703 138, 225 136, 027 140, 839 143, 275 75,110 64, 232 60, 837 58, 747 180, 079 179, 127 176, 506 160, 085 60, 188 62, 723 65, 384 64, 019 251,820 252, 991 251,545 260, 171 84, 933 85, 555 110,011 123, 342 121, 827 110,396 93, 685 98, 002 107, 316 79, 437 78, 325 83, 859 139, 858 205, 012 140, 669 | 201,847 105, 523 I 222, 032 108, 873 j 228, 664 145, 226 124.362 ] 1 7, 750 1 1 5. 604 140, 046 145, 951 106, 028 115, 737 239, 654 239, 269 228, 659 260, 988 145, 236 130, 554 121,985 121, 100 56, 701 57, 906 45, 910 44, 395 151, 433 142, 542 153, 960 161, 442 57, 629 | 261,737 54, 452 192,610 46, 778 206, 451 51,715 189,261 1926 January February March April I 25, 427 41, 900 i 735, 131 790, 983 1 822, 176 j 728, 122 i f" May 1 1 i II"' "i "i" r | Monthly production data beginning January, 1922, represent complete production, including total membership of the Enameled Sanitary Ware Manufacturers' Association and reports to the Bureau of the Census from outside manufacturers, except that a row small firms were not able to furnish complete reports prior to January, 3924; data now include 21 manufacturers. Data prior to 1922 are totals of the association reports representing about 98 per cent of tfee industry, and may be found in the May, 1922, issue (No. 9), p. 81. 2 Small ware includes lavatories, sinks, and miscellaneous. 3 Average of 8 months, May to December, inclusive. 47 Table 23.—COAL Prices Consumption Production i YEAR AND MONTH Thous. of short tons Exports Production 1 Prices Pro- Stocks, Ex- Whole- Retail, By Mine WholeBy sale, Retail, duc- end of8 ports sale vesBy aver- Kanachest- chesttion i mo. sels electric railChi- 7 age nut, wha cago clear- power 4 roads * (spot) nut, New ing 3 plants f. o. b. New 8 York ^ 7 ( ) York ^ ports () 2 Thous. of long tons Th U ° tons ^^ 1909-13 mo. a. 1913-mo. av 1914 mo. av_. 1915 mo. a v _ _ 1916 mo. av_. 1917 mo. a v _ _ 1918 mo. av._ 39, 870 35, 225 36, 886 41, 877 45, 983 48, 282 1, 098 1,499 1,150 1,397 1,581 1,794 1,663 642 606 620 656 574 461 1919 1920 1921 1922 1923 1924 1925 mo. av mo. a v _ _ mo. av_. mo. av_. mo. av__ mo. av__ mo. av._ 38, 822 47, 389 34, 660 35, 189 47, 047 40, 307 43, 581 1, 497 2,866 1,721 924 1,596 1,272 1,299 604 780 629 343 379 332 361 2, 925 3,094 2,631 2,849 3,238 3,132 3,332 1924 September. -October November. _. December. ._ 42, 376 48, 414 42, 102 46, 266 1,504 1,534 974 1,090 312 351 289 352 1925 January February March April __. 51, 930 38, 987 37, 626 33, 702 980 820 919 886 May June July August 35, 474 37, 167 39, 582 44, 883 September.. _ October November... December 46,817 53, 203 50,780 52, 816 1926 January February March April. COKE ANTHRACITE BITUMINOUS Dollars per short ton Thous. of short tons Dolls.per Thous. of long Dolls.per long short tons ton ton 73 73 49 67 87 105 126 $2.44 1.81 1.79 i 3.25 8. 25 6, 00 8.27 10.81 9.50 12. 33 13.52 10.53 10. 60 13.70 14.21 10. 88 11. 37 14.00 i° 11. 19 11 14. 43 1,587 1,748 482 670 1,615 857 893 2,095 2, 565 1, 646 2, 375 3,133 2, 832 3,332 53 68 23 38 92 49 71 4.74 10.79 ! 3.65 : 7.08 ! 5.47 3. 61 4.09 ' 14.13 14.17 14.17 14. 42 556 671 670 958 2, 545 2, 899 2, 926 3, 266 42 56 57 56 3.13 3.13 3.2-3 4.04 11.75 11.75 10. 95 10.76 14.33 14.42 14.42 13. 67 1, 171 1, 054 1, 006 806 3,411 3, 125 3, 456 3,315 63 61 66 53 4.64 4.08 3.52 3.17 325 314 463 476 10.88 10.96 11.07 11. 16 13. 68 13.78 13. 88 14.03 670 596 529 605 3. 287 3, 157 3, 171 3, 182 59 50 64 64 3.11 2.90 2.91 3.19 163 46 31 7 1(1. 27 11.28 11.29 lip. 04 17.04 (13) (13) 749 1,008 1,213 1,307 3, 135 3, 402 3, 557 3, 760 84 71 87 131 3.70 6.53 6.88 4.45 7,627 7,569 7,416 7,298 8,301 8,236 288 346 319 295 347 447 370 9,451 7,644 8,006 9,123 8,160 2.59 5.64 2.55 3.63 2.75 2.08 2.06 4.11 5. 85 4.56 5.20 4.31 3.43 3.40 6.86 8.48 8.58 9.50 9.23 8.15 8.65 7, 341 7,467 7,539 4,557 7,778 7,327 5.176 2,673 1, 478 696 2,983 8 3, 954 370 402 348 197 379 298 237 3,012 3,22:1 3,293 3, 635 7,853 8,574 8,368 8, 944 2.03 2.10 2. 06 2.08 3.39 3.39 3.39 3.39 7.83 8.21 8.13 8.14 7,408 7, 479 6,604 7.189 4,146 4, 167 4, 166 4,080 326 362 283 321 11.47 11.48 11.47 11.73 325 294 313 353 3,714 3,127 3,174 2, 959 9,210 8,011 8,119 7,350 2.09 2.04 1.98 1.96 3.39 3.39 3.39 3.39 8.51 8.50 S.48 8.41 7,419 7,176 7,040 7,253 3,809 3,692 4, 068 3, 940 296 289 201 230 1,357 1,436 1,648 1,798 400 394 410 444 2,965 3,090 3,166 3,373 7, 575 7,142 7,392 7,841 1.97 1.95 1.94 2.04 3.39 3.39 3.39 3.39 8.06 8.23 8.21 8.32 7,898 7,576 8,293 8, 966 3,913 4,203 4, 051 1,629 1,243 1,477 1,395 361 352 340 340 3,476 3, 710 3,470 3,765 7, 831 8,992 8,915 2.19 2.14 2.28 2.19 3.49 3.39 3.39 3.39 8.89 8.99 9.69 9.49 52 68 151 264 (12) (12) Thous. Dolls.per of long short ton tons 1,059 935 1, 172 1, 589 1,870 2,166 $4.81 4.93 4.89 4.87 6.95 6.55 (12) Thous. of short tons 2,799 1,945 2,292 2,955 2,764 2,540 $2.20 2.20 2.20 2.68 4.58 3.88 (12) Ex- By- ports2 Conn ell sprodville ^ uct Beehive $6.97 7.00 7.17 7.34 8.46 9.19 $1. 23 1. 14 1.12 1.85 3,25 2. 58 (12) Price $5.31 5.32 5.33 5.57 5.94 6.86 (13) ! !_ ._ | ._ i I | May June 1 1 ! Production figures, calculated from shipments from the mine, representing complete production except for small quantities used at the mines, compiled by U. &. .Department of Commerce, Bureau of Mines. Monthly data from 1911 given in November, 1924, issue (No 39), p. 215. Periodic data on total stocks from 1916 given in March, 1924, issue (No. 31), p. 13. * Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included in these figures. 3 Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data 4covering th eperiod 1913-1923 appeared in October, 1923, issue of the SURVEY (No. 26), p. 61. From U. S. Department of the Interior, Geological Survey, representing fuel consumption by all plants producing electric power, mainly central stations. Coal consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925, issue (No. 43), p. 28. • Compiled by Interstate Commerce Commission from reports of 174 Class I railroads. Consumption by switching and terminal engines is not included. It is stated tbat about 3 per cent would be added to the figures by such inclusion. About 2 per cent of the coal consumed on railroads in 1923 was anthracite. Monthly data from 1920 appeared in January, 1926, issue (No. 53), p. 23. e Average mine price of spot coal in 14 representative bituminous fields weighted by the production in each field, compiled by the Coal Age; about 20 per cent of the total output of bituminous coal is sold spot, while about 55 per cent is sold on future contracts, and 25 per cent of the output is not sold commercially. ? Wholesale and retail prices arc monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. Wholesale price of bituminous coal is based on run of mine, while the retail price is average consumer's price of lump, egg, nut, and mine run, averaged according to shipments. The price of coke represents beehive furnace :eoke (range of prompt and luture) at Connellsville ovens. s9 From Anthracite Bureau of Information, representing stocks at distribution points excluding Hudson Coal Company tonnage. Seven months' average, January to July, inclusive; no data available for other months. 10 Eleven months' average, January to November, inclusive; no December quotations. 11 Ten months' average, January to October, inclusive; no quotations available for other months. 12 No data available. 13 No quotation available. 48 Table 24.-CRUDE PETROLEUM STOCKS 2 (end of month) PRODUCTION i YEAR AND MONTH Tank farms and pipe lines Grand total ' CONSUMPTION * Refineries Number of days' supply Thousands of barrels 1913 monthly average . _ . 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 20, 704 22, 147 23, 425 25, 064 27, 943 29, 661 31, 531 104, 962 123, 709 145,914 144, 556 133, 883 117,412 124, 961 104, 962 123, 709 145, 914 144, 556 128. 201 103,886 110, 026 5,682 13, 528 14, 935 i 159 126 116 1920 monthly average 1921 monthly average 1922 monthly averaee__ 1923 monthly average 1924 monthly average 1925 monthly average 36,911 39, 137 46, 463 61, 034 59, 495 62, 988 150, 069 179, 888 278, 605 326, 682 386, 896 304, 897 133, 115 159, 237 245, 673 294, 659 347, ?20 273. 673 16, 954 20, 651 32, 932 32, 023 39, 575 31,224 92 111 153 147 166 1934 January. _ _ February March April . 57, 273 55, 889 60, 141 59, 830 365, 689 369, 164 372, 734 378, 631 331, 596 331,990 333, 984 338, 620 34, 093 37, 174 38, 750 40,011 162 160 159 160 May June July ..... August 61, 834 59, 583 61, 932 62, 398 383, 898 387, 915 392, 344 398, 921 343, 397 347, 415 352, 374 358, 285 40, 501 40, 500 39, 970 40, 636 | 60, 376 60. 469 56, 782 57, 433 402, 767 400,397 397, 937 2 392, 349 361,218 380, 078 357, 533 2 351, 354 41 ? 549 ! 40,319 40, 404 2 40, 995 2 310, 199 309, 462 308, 548 308, 382 2 277, 833 276, 516 275, 935 275, 928 2 68, 082 G6, 675 67,318 66, 887 312, 085 310, 732 308, 429 303, 004 64, 708 64, 352 61, 459 60, 943 300, 981 297, 963 296, 690 292, 288 . ... . September October November December IMPORTS (3) Price, Kans.Okla., at wells & Run to stiHs Total 1,484 1,437 : 1, 512 1,714 2,514 3, 144 4,401 21, 808 21, 774 22, 772 2ft, 549 31,478 34, 423 34, 873 field Number i of wells || Per barrel Thousands of barrels MEXICAN FIELD 7 Oil wells Storage, comShipTampleted 6 j meets pieo 26, 261 27, 169 30, 127 $0. 934 .798 .583 1.258 1.775 2.197 2.279 1, 592 1, 389 763 1, 565 1,383 1,487 1,747 2,159 1,766 2, 743 3, 318 4,608 5, 319 7,280 43, 732 43, 748 49, 870 59, 526 62, 486 36, 160 36, 947 41,725 48, 436 53, 842 61, 667 3.404 1.704 1.806 1.439 1.446 1.674 2; 024 1,218 1,445 1,357 1, 212 1.377 12, 814 15, 093 15,611. 12, 147 11, 309 6,303 ! 6,511 8, 631 7,297 62, 262 59, 135 63, 237 61,786 51,244 49,907 52,699 55, 249 1.244 1.513 1.670 1.750 774 910 1,088 1,429 9,911 11, 809 13, 331 13,514 24. 131 24, 3S7 24, 346 22, 527 167 171 177 180 n f ? '3 i 6,600 6, 502 5, 762 62, 373 59, 943 61, 154 59, 479 54, 725 52, 436 52, 877 54, 658 1.735 1.550 1.550 1.375 1, 657 1,521 1, 593 1,389 12,459 11, 254 10, 886 10, 530 21, 585 20, 691 21, 107 20, 970 169 170 164 155 5,354 | 4,873 6. 649 5,841 ! 62. 415 64. 713 64, 209 69,122 53, 617 55, 779 55, 029 57, 880 1.313 1. 250 1.212 1. 195 1, 126 1, 060 1, 007 994 9,374 9,989 11, 204 11, 443 21, 413 21,413 20, 723 19, 769 9,054 10, 442 10, 609 6, 835 6,481 5. 167 January February March April 59,519 545 045 60, 433 61,431 May.. June 1 July „ August. -- ... ._ September i October November. _ December ._ 7 025 5,580 6,375 5,415 57, 333 52, 993 59, 407 59, 180 1.293 1.738 1.800 1. 800 883 ; 990 1,089 1, 567 11,014 10, 234 11 70-1 9,609 20, 179 19, 673 18, 354 19, 356 279, 670 276, 850 274, 122 272, 289 32, 415 33, 882 34, 307 30, 715 6,484 5, 153 4,283 4,045 62, 380 64, 847 67, 577 67, 010 1.800 1.800 1.800 1. 720 1,671 1,706 1,791 1,580 10, 254 8,913 8,440 6,545 19, 189 18, 591 17,616 18, 503 270, 321 269, 930 269, 546 265, 131 30, 660 28, 033 27, 144 27, 157 4,027 4, 367 4,891 4, 360 62, 278 64, 130 60, 521 62, 347 1.600 1.600 1. 588 1. 550 1,501 1,420 1,182 1, 147 6,905 6,626 18, 029 18, 205 j [i __ _ ' 1 __ 1 21, 7C3 21,927 32 366 32, 946 32, 613 32, 454 1936 May June 8 | 1925 January February March April Thousands of barrels i _ | "" "II i ~~|| """ Production data, compiled by U. S. Department of Commerce, Bureau of Mines, represent output transported from field of production, excluding oil consumed at locality of production or not transported therefrom, which has comprised only 1 or 2 per cent of the total production since 1919. Details by States and fields are given in monthly press releases. Monthly data from 1917 to 1920 given in December, 1922 , issue (No. 16), p. 48, for 1921 and 1922 in August, 1923, issue (No. 24), p. 77. 2 Compiled by U, S. Department of Commerce, Bureau of Mines, consolidating work formerly carried on by the Bureau of Mines and the Geological Survey under the Department of the Interior. Tank-farm stocks include total stocks at pipe lines and tank farms, producers' stocks in California and imported oil held outside refineries through December, 1924; since then California stocks are not included. Refinery stocks since January, 1925, represent only the stocks at refineries east of California. Prior to January, 1923, the figures on tank-farm stocks included topped oil and imported oil at refineries, but the duplication between this item and the total stocks at refineries was slight. This old method of securing figures showed totals about 2 per cent greater than those secured by the new method used in 1923. Adjustments have been made in figures of some of the earlier years to represent approximate net stocks for comparison with later figures. Refineries' stocks include both imported and domestic oil. The number of days supply is calculated from the tank-farm and pipe-line stocks and from current consumption but because of the incompleteness of stocks data this item is no longer computed. Monthly data on stocks from 1917 to 1919 appeared in December, 1922, issue (No. 16), p. 48; for 1920 to 1922 in July, 1923, issue (No. 23), p. 50; on days' supply from 1921 to August, 1923, issue (No. 24), p. 77. 3 Imports of crude petroleum are as compiled by the U. S. Department of Commerce, Bureau of Mines. Beginning with February, 1923 , topped oil has been generally excluded from the imports; on this basis imports for January, 1923, were 5,069.000 barrels instead of 6,199,000 barrels, as reported, and to which previous months' figures are comparable. 4 Data on total consumption representing deliveries to domestic consumers, compiled by the U. S. Department of Commerce, Bureau of Mines, from figures on production, imports, exports, and differences in stocks (except refiners' stocks); this item no longer available because of the incompleteness of stocks' data. The change on the basis for computing stocks and imports at the beginning of 1923 changed consumption for January, 1923, from 53,902,000 barrels on the old basis to 56,210,000 barrels on the new basis. Figures on crude oil run to stills at refineries represent consumption by refiners. 6 Wholesale price of Kanasa-Oklahoma crude oil at wells is average for the month as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. « Number of oil wells completed during the month compiled by U. S. Department of Commerce, Bureau of Mines, from reports by the American Petroleum Institute and 7the Oil and Oas Journal. Mexican petroleum shipments from the three ports, Tampico, Port Lobos, and Tuxpam, indicating Mexican oil production, from the Oil Trade Journal, the preliminary8 figure for the current month being taken from the Wall Street Journal. Storage of oil in the Tampico field in Mexico from the Wall Street Journal. Average of seven months, June to December, 1923, inclusive. 49 Table 25.—GASOLINE AND KEROSENE GASOLINE Produc- Exports 2 tion i YEAK, AND MONTH monthly monthly monthly monthly monthly average average average average average _ 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1033 September October November December KEROSENE OIL Domestic Stocks, Price, Retail condtetribu-l Producend of motor, sump- month tion i New tion, 21 ! York s States ^ tion i Dollars per gal. Thousands of gallons 1917 1918 1919 1920 1921 !| T Xs°fi Consum ptioni j Stocks at Price, Retail o. b. distriburefineries, f.refinend of tion, 135 eries, month i States Pa.3 of ™™ Thous. gallons Thousands of ganons 133, 501 152, 113 195, 156 193, 341 162, 094 120, 546 116, 158 115, 789 103,378 i 6521.273 405, 203 300, 582 379, 472 402, 522 $0. 080 .107 115 .149 .085 149, 593 185, 097 228, 726 192, 194 195, 745 210, 092 209, 194 121, 991 124, 308 128, 738 141, 240 301, 542 272, 921 329, 909 399, 404 .085 .084 .080 .078 29, 107 30, 268 31, 559 .191 .185 .170 . 155 217, 187 214, 556 207, 305 199,416 | 193, 688 191, 346 220,811 234, 921 113, 124, 133, 118, 524 357 475 690 258, 525 245, 666 258, 635 303, 694 .076 .083 .083 .082 33, 191 32, 091 32, 260 29, 1 14 217, 768 196, 826 200, 039 203. 186 135, 210 119,532 124, 715 149, 800 321, 532 325, 441 347, 749 312, 328 .086 .091 .083 .080 29, 484 28, 014 27, 873 32, 191 199, 992 183, 141' 194, 201 204, 107 107, 110, 108, 123, 093 842 444 526 325, 854 315, 730 320, 688 327,611 .076 . 073 .072 .072 35, 566 29, 858 28, 598 33, 964 211, 232, 233, 243, 140, 130, 138, 152, 987 554 808 399 316, 328, 355, 360, 780 570 692 956 .083 .083 .082 .084 38, 103 34, 109 30, 971 29, 972 237, 546 297, 526 329, 821 406, 879 429, 462 34, 528 46, 398 30, 512 52, 949 43, 665 218, 420 260, 772 286, 234 354, 225 376, 336 343, 946 386, 202 472, 411 464, 485 630, 757 516, 853 629, 662 746, 640 907, 177 48, 017 69, 967 98, 251 107, 948 447, 674 548, 611 647, 520 780, 175 785, 189 1, 186, 463 1, 483, 400 1, 615, 451 . 251 .207 .180 .191 640, 504 615, 168 534, 720 536, 765 1, 083, 280 1, 063, 452 1, 105, 275 1, 176, 608 $0. 238 .242 .245 . 293 .261 ; : 623, 659, 617, 659 733 061 558 169 72, 352 82, 504 53, 656 70, 565 695, 683, 743, 754, 323 736 248 773 85, 946 101, 597 79, 439 114, 396 500, 404, 460, 612, 584 325 368 524 1, 301, 833 1, 483, 308 1, 694, 322 1, 727, 257 . 165 . 200 .198 .200 779, 194 737, 081 741, 975 755, 780 94, 073 110, 164 86, 246 108, 685 667, 689, 781, 832, 349 687 618 622 1, 756, 489 1, 698, 115 1, 578, 229 1, 416, 636 .200 .200 ,195 .188 173, 852 153, 733 171, 095 198,631 I J 221, 110 233, 522 272, 832 287, 514 September October November December. 750, 760, 762, 795, 264 647 046 613 113, 901 90, 907 94, 951 98, 701 708, 521 757, 183 697, 491 657, 966 1, 344, 768 1, 261, 852 1, 243, 515 1, 294, 472 . 175 .140 .148 .150 269, 142 j 268,404 j 257, 075 j 237,801 1935 January _ _ February _ March April 838, 652 800, 442 862, 574 871, 492 95, 518 99, 813 118,854 104, 442 595, 413 543, 640 625, 053 798, 305 1, 453, 197 1, 618, 891 1, 747, 199 1, 720, 877 .170 .210 .205 .200 224, 220, 224, 266, 201 524 567 368 247, 727 214. 421 219, 908 201, 163 143, 770 118,413 117, 395 142, 144 394, 435, 456, 434, 638 376 064 674 .083 .084 .082 .078 31, 139 30, 173 30, 388 35, 054 922, 046 944, 175 966, 908 972, 689 98, 510 111, 690 104, 857 116,481 541, 868, 963, 931, 787 350 071 901 1, 716, 922 1, 695, 216 1, 610, 790 1, 540, 716 .190 .215 .220 .202 288, 055 288, 130 329, 171 333, 768 202, 559 193, 664 193, 471 187, 984 127, 104, 149, 148, 452, 472, 444, 401, 809 371 020 490 .075 .075 .072 .072 34, 491 31, 646 31, 022 37, 328 906, 109 944, 433 922, 058 934, 549 88,011 102, 404 124, 301 130, 476 848, 831, 758, 755, 867 774 111 822 1, 514, 150 1, 529, 248 1, 589, 880 1, 648, 328 .170 .170 .170 .170 322, 828 312, 336 293, 893 197, 834 215, 158 212, 6G5 223, 780 180,298 144, 956 154, 241 163, 322 352, 656 335, 001 314, 554 299, 190 .074 .077 .080 .088 37, 029 35, 199 _. 1934 January February March April May June July August - 830 666 521 832 : _ May June July _ August September.. October November December . ._ 390 536 535 874 1936 January February March April May i June. _ I _- 1 Production, consumption, and stocks held by refiners at end of month, from the U. S. Department of Commerce, Bureau of Mines: stocks include marketers' stocks beginning with June, 1923, while consumption figures since that time take account of this change in stocks. 2 Exports of gasoline taken from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include gasoline and all other naphtha, less exports to the 3Philippine Islands, to agree with data used by the Bureau of Mines. Prices compiled by U. S. Department of Labor, Bureau of Labor Statistics. Gasoline price represents price of motor gasoline delivered in drums to garages in New York City, the 1913 price being $0.168 per gallon. 4 Retail distribution of gasoline compiled by the American Petroleum Institute, from reports of gasoline-tax collection by the following States: Alabama, Arkansas, Arizona, Colorado, Connecticut, Florida, Georgia, Indiana, Kansas, Kentucky, Minnesota, Miss9uri, Nebraska, New Mexico, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, and Washington. Details by States for 1922 and 1923, with partial reports for 1921, may be found on pp. 52 and 53 of the June, 1924, issue of the SURVEY (No. 34), and data from 1922 through 1924 in the May, 1925, issue (No. 45), p. 28. Beginning with July, 1923, Pennsylvania data are only available quarterly and have been divided by three to secure corresponding monthly figures. Data for Nebraska and Pennsylvania have been estimated for several months of 1925 { Retail distribution of kerosene, collected from the tax statistics of Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Oklahoma, South Carolina, and South Dakota by the American Petroleum Institute. Data for Indiana, Michigan, and Nebraska estimated for several months of 1925. Details by States for 1922 and 1923, with partial reports for 1921, appeared in the June, 1924, issue of the SURVEY (No. 34), p. 51. 8 Six months' average, July-December, inclusive. 79396°—26 4 50 Table 26.—OTHER PETROLEUM PRODUCTS GAS AND FUEL OIL LUBRICATING OIL Consumption Production i YEAR AND MONTH By vessels3 Total i Price, Okla,, 34-2C at refineries 4 Stocks at refineries, end of month i By electric By power railroads 5 plants 3 Dolls, per. bbl. Thousands of gallons 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average 524, 036 610, 116 635, 607 738, 454 805, 318 20,664 ' 23,100 ! 49, 093 92, 064 94, 752 499, 630 573, 308 650, 903 684, 796 Production i 38, 675 45 9°9 4;2.. 0.: 2 ; 118,915 Stocks at refineries, end of month Thousands of gallons $1.515 1.885 1. 120 2,622 .687 6 621, 860 548, 985 778, 396 687, 858 1, 164, 926 Consumption i 60, 137 70, 122 70, 563 87, 284 73, 155 48, 379 47, 598 51, 542 44, 189 5 122, 526 144, 521 161, 491 137, 212 231, 172 Price, 600° steam refined Penn.J field Dolls, per gal. $0. 1 12 .172 .224 .416 . 120 average average average average 892, 186 1, 006, 183 1, 121, 664 1, 273, 256 840, 034 914, 857 1, 020, 984 110,922 131, 754 151, 634 149,664 46, 177 51, 397 58, 490 35, 890 130,508 164, 989 174, 970 1,438,811 1, 369, 624 1, 582, 368 1, 028.. 150 . 951 .929 .959 1. 097 81, 563 91, 447 96, 244 108, 418 52, 342 61,614 63, 433 71, 642 230, 678 237, 665 261,669 288, 894 .110 .118 .195 .185 1923 May -. June . ,_ ... July _ August 966, 166 970, 870 1, 053, 243 1, OiO, 658 918, 766 822, 402 901, 770 832, 905 1.34, y.o8 145, 194 125,454 144, 351 42, 485 43, 500 49, 309 56, 798 155, 043 151, 709 160, 287 169, 216 1, 246, 662 1, 324, 025 1, 400, 814 1, 462, 182 1. 038 .988 .900 .926 i 105, 363 95, 726 93, 961 87, 262 74, 255 58, 575 71, 784 69, 522 226, 289 239, 579 238, 640 233, 856 . 129 .116 .107 .099 September ... October November December 1, 032, 591 1, 069, 800 1, 057, 932 1, 073, 337 923, 574 1,015,315 918, 644 952, 330 136, 794 147, 168 131, 880 127, 932 55, 729 57, 900 57, 930 61, 864 175, 944 198, 7S7 194, 378 ! 184, 734 1 1, 481, 204 1,436,591 1. 499, 920 1.515,035 .856 .800 .719 . 790 87, 172 88, 003 98, 120 97, 748 62, 256 58, 771 59, 778 52, 781 228, 325 231, 968 246, 014 257, 798 .097 . 109 . Ill .128 1* 062, 892 1, 025, 422 1,114,412 1, 116, 764 1, 032, 946 952, 628 1, 031, 767 989, 371 132, 678 132, 090 128, 898 151, 116 67, 981 64,831 64, 776 51, 830 188, 825 167, 951 179, 274. 165, 198 1, 471, 544 1, 491, 173 1, 487, 464 1. 536, 337 1. 088 1. 156 1. 075 . 969 94, 535 93, 824 101, 127 96, 967 68, 695 50, 495 64, 140 61, 197 258, 466 268, 301 264, 652 266, 179 .178 .199 .216 . 225 May June July \ugust - - 1, 155, 936 1, 106, 712 1, 102, 786 1,167,211 1, 066, 388 946, 508 1, 014, 290 1, 008, 280 160, 936 153, 300 160,046 loo. 900 50, 787 56, 475 39,2*2 62, 948 132, 044 152, 366 160, 118 168, 284 1, 555, 663 1, 618, 564 1, 605, 951 1, 658, 671 .831 .780 .781 .781 104, 439 96, 995 87, 490 92, 70 i 64, 420 59, 200 66, 777 67, 530 259, 638 263, 959 259, 569 256, 906 .203 .185 . 178 . 165 September October November December 1, 113, 911 1, 160, 683 1, 134, 147 1, 199, 093 1, 001, 433 1, 095, 108 1, Oil, 943 1, 101, 145 153, 090 173, 880 U3, 021 169, 808 58, 352 59, 024 47, 872 57.717 1S1, 983 194, 600 186, 170 192, 764 1, 639, 869 1,611,586 1,641,090 i 1,670,509 .920 .933 1. 019 1. 170 90, 228 97, 223 94, 948 104, 391 64, 525 62, 326 72, 561 59, 326 257, 755 261, 346 253, 613 269, 641 . 179 .186 .194 .226 1935 January February March \ pril 1, 171, 402 1, 058, 725 1, 203, 906 1, 230, 332 1, 163, 377 989, 405 1, 118, 235 1, 067, 801 147, 336 136,416 141, 582 156, 870 57, 782 41, 766 35, 008 29, 344 185, 666 158, 451 169, 224 159, 209 i 773, 853 795, 872 801, 757 860, 706 1.331 1.325 1.114 1.031 103, 164 100, 503 118. 494 107, 096 52, 949 67, 313 67, 652 78,400 280, 159 286, 431 299, 689 290, 004 .224 .230 .215 .180 May June July \ugust 1. 274. 465 1, 360, 386 1.444.984 1, 404, 459 167, 790 156, 240 157, 071 139, 282 23, 369 33, 258 35, 806 31, 888 159, 828 157,061 164, 215 169, 010 946, 782 1, 082, 056 1, 168, 487 1, 254, 228 .913 .935 .906 1,035 109, 184 104, 535 104, 396 112, 069 69, 018 86, 952 62, 556 80, 687 292, 112 278, 610 287, 570 282, 513 .179 .199 .184 . 161 1, 280, 955 1, 321, 652 1, 229, 771 1, 298, 045 155, 793 128, 900 159, 097 149,587 33, 977 35,818 33, 322 34, 337 182, 269 205, 153 189, 156 1, 256, 435 1, 215, 829 1, 145, 131 1,036,019 1. 050 1.056 1.215 1.250 107, 717 109, 534 110,467 113,857 82, 676 75, 105 73, 556 62, 839 283, 925 286, 595 293, 912 305, 203 .153 . 159 . 157 . 174 1922 monthly 1923 monthly 1924 monthly 1925 monthly _ ... . ___ 1934 January February __ March \pril September October November December _ _ _ i . -- - _ _ 1936 January February March April M!ay June 1 1 : 1 ...... 1 1 i i : || i -. 1 11 1 Data from U. S. Department cf Commerce, Bureau of Mines, representing practically complete data for the refineries prior to January, 1925, but since then gas and fuel oil stocks cover only stocks east of California. The consumption data are calculated from production, exports and changes in stocks. For lubricating oil stocks, data include marketers' stocks beginning with June, 1923, while consumption since that time takes account of this change in stocks. 2 Compiled by V. S. Department of Commerce. Bureau of Foreign and Domestic Commerce, covering loading of vessels for foreign trade at principal clearing ports. Monthly data3 covering the period 1913-1923 appeared in the October, 1923, issue (No. 26), p. 61. From U. S, Department of the Interior, U. S. Geological Survey, representing consumption by all plants producing electric power, but mainly central stations, consumption in central station.; alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants and reclamation projects in March, 1925, issue (No. 43), p. 28. Prices from U. S. Department of Labor, Bureau of Labor Statistics. * Compiled by the Interstate Commerce Commission from reports of 174 steam railroads of Class I, riot including switching and terminal companies, and excluding fuel used in switching locomotives. Monthly data from 1921 appeared in January, 1926, issue (No. 53), p. 23. 6 Six-months' average, July to December, inclusive. 51 Table 27.—HIDES AND SKINS i ! Total hides and skins YEAR AND MONTH WHOLESALE PRICES 3 STOCKS, END OF MONTH i IMPORTS i Green, Calfsalted, packers' skins, heavy country No. 1 native steers (Chicago) (Chicago) 1 Calfskins Cattle hides Cioatskins Sheepskins Total hides and skins i Sheep and lamb skins Calf and kip Cattle hides skins I Dolls, per pound Thousands of pounds ! 4 1909-1913, monthly average 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 42, 854 41, 490 46, 350 53, 856 60, 526 52, 589 30, 158 | 1919 monthly 1920 monthly 1921 monthlv 1922 monthly 1923 monthly 1924 monthly 1925 monthly 62, 070 42, 499 29, 003 45, 938 44, 315 29, 723 30, 173 5, 380 2,928 3, 995 4,630 4,058 3, 426 2, 396 33,940 i 22,922 | 11,138 6,684 15, 015 27, 035 24, 315 j 5, 260 6, 745 7, 152 15,468 j 13,889 j 4,353 6,807 22, 486 29, 049 1 30, 713 ! 35, 009 : 2,610 3, 655 3, 301 2, 987 10, 528 13, 048 15, 756 17, 493 3,291 5,113 5, 022 6, 144 May June July August 31, 759 | 24, 997 28, 503 ! 27, 764 I 3, 399 2,838 4, 353 3, 887 15, 990 9,451 15, 759 15, 066 5, 992 4,372 3,715 3,224 September October November. December 27, 301 | 26, 719 I 33, 355 39, 020 4, 198 3, 469 2, 873 3, 543 13, 586 13, 897 22, 145 22, 898 34, 302 30, 727 : 36, 135 i 41, 160 I 2,216 2, 409 2, 952 2, 536 26, 002 36, 338 1 28, 780 28, 624 ; 2, 236 3,411 2,624 3, 921 | 27, 055 20, 338 ; 27, 716 | 24, 899 ; 1,977 1, 773 1, 262 i 1, 433 average average average average average averageaverage 6, 815 6,372 5, 576 4, 076 5,221 2,465 632 * 19, 160 18, 629 8, 199 7, 473 25,671 1 6,321 34, 053 6, 607 33,683 I 30,890 1 8,886 7,409 18, 421 5, 197 5,289 5,684 5,495 6,257 ; ; 1 I $0. 184 $0. 189 .210 . 196 .215 .242 .262 .338 .406 .327 .301 .371 8,461 6,999 4,372 ; 33,218 » 32, 916 32, 935 27, 452 22, 319 15, 601 16, 870 .393 .312 .139 .181 .166 .147 .160 .685 .368 .149 . 160 . 157 .184 .202 253, 454 250, 823 244, 553 223, 239 33, 473 31, 798 32, 636 25, 314 15,872 14, 666 15, 481 14, 380 .143 .158 .139 .122 .158 .182 .188 . 161 259, 206 253, 107 245, 155 244, 946 215, 981 207, 609 197, 071 197, 628 28, 140 29, 695 32, 453 29, 958 15, 085 15,803 15, 631 17, 360 .119 .125 .131 .156 .165 .171 .180 . 194 5,046 4,556 3,358 ! 4,207 247, 093 256, 232 265, 605 283, 266 196, 965 212, 223 223, 361 241, 639 31, 922 28, 112 27, 196 27, 840 18, 206 15, 897 15, 048 13, 787 .161 .163 .174 174 .198 .194 .203 .209 7,411 7, 154 8, 335 7,181 4,524 3,439 i 8,003 8,824 292,311 292, 364 282, 733 275, 028 251, 758 254, 751 242, 820 229, 370 27, 531 25, 690 25, 893 29, 481 13, 022 11,923 14, 020 16,177 .169 .163 .148 .142 .215 .215 .204 .184 6, 171 7,408 6,358 7,040 5, 556 6, 568 4, 755 264, 158 256, 800 259, 078 254, 801 215, 471 202, 145 202, 014 197, 111 30, 625 35, 776 36, 749 37, 814 18, 062 18, 879 20, 315 19, 876 .143 .147 .166 .176 .183 .200 .218 .213 251, 459 259, 369 273, 686 282, 653 192, 753 203, 246 220, 293 231, 656 38, 456 38, 343 36, 441 35, 816 20, 250 17, 780 16, 952 15, 181 .177 .174 .163 .156 .198 .200 .198 .192 7,086 6,896 3,822 ; s 435, 477 430, 897 355, 025 357, 392 267, 533 270, 370 5 340, 339 339, 548 275, 293 288, 589 222, 046 220, 282 J 63, 139 4,006 5,370 ! 5,336 j 6,904 302, 899 297, 287 292, 670 262, 933 4, 993 6,068 3,403 ! 4,870 2,972 3,879 3,448 5,059 18, 636 15, 301 14, 216 20, 812 9,989 5, 136 6,353 4,843 5,127 58,414 52, 281 46, 485 29, 878 1924 January February.. March April _. -._ 1935 January February. March April . _ .._ May June July August.. September October November December.- . __._. .,_„. -. 1 16, 967 12, 712 9, 165 12, 872 8,957 16, 020 11,023 6,095 5, 248 6, 181 7, 104 6,442 4,002 3, 268 2, 885 3,250 1926 January February. March April __ May June _-_ _ . „ . _ ... _. „ _- I i i ! ! 1 1 i ; ! ! i2 Data from U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce. Compiled by the U. S. Department of Commerce, Bureau of the Census, from returns from packers, tanners, dealers, importers, and manufacturers, and represent practically complete returns from the leather industry. As given in the detailed monthly reports, which can be obtained upon request from the Bureau of the Census, the returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduced to pounds on the basis of the average weights 4 5 Four-year monthly average, 1910-1913, Four months' average, September to December, inclusive. 52 Table 28.—LEATHER SOLE AND BELTING LEATHER Production YEAR AND MONTH Sole only i __ 1, 535, 290 1, 499., 225 1,477,886 1,561,015 1.220,402 1, 230, 592 21, 665 22, 348 • 2. 229 10,222 1, 758 1, 198 1,300 1, 459 1, 877 1,616 . 86 . 55 52 .51 . 45 . 18 1,350 1,695 1,361 2,205 .44 .46 .46 .46 6 161, 573 193,528 100, 679 107, 144 88, 429 87, 081 186, 434 171, 631 149, 508 126, 856 172, 898 .45 .45 .47 .48 60, 381 68, 377 57, 633 67, 895 129, 975 127, 332 129, 682 132, 351 334, 819 324, 922 .46 : .46 i .46 .48 • 95, 348 101, 167 96, 432 97, 990 179, 968 316,411 311,074 6,679 7,504 6,959 6,535 123,035 2,052 124, 265 123, 201 124, 440 1, 752 1,870 1,042 .50 .52 .52 .50 70, 249 67, 728 68, 871 60, 913 138, 300 139, 046 137, 378 133, 845 309, 319 308, 401 319, 634 319, 497 8,669 6,763 8,392 6,731 . 50 .50 .50 .48 : 102, 459 97, 767 121,342 111,073 108.011 101, 265 80, 406 86, 918 128, 110 131, 286 134, 726 133, 679 1,615 1,374 1, 206 1,716 .49 .48 .46 .46 55, 982 56, 190 57, 718 61, 999 133, 129 130, 948 144, 392 317, 542 319, 124 304, 082 295, 988 6,606 7,130 7,422 6,711 .46 .46 ; .46 ' .46 : 96. 159 89, 604 99, 889 94, 925 123, 909 149. 891 229, 537 ; ; 220, 366 30,662 131, 377 127, 926 122, 429 117, 802 1,637 1,859 1, 137 2,134 .46 .46 .47 .46 62, 645 68, 346 60, 289 69, 955 145, 869 147, 329 149, 608 148, 687 296, 174 291, 891 290, 815 295, 173 7, 991 7,986 7, 855 10, 966 215, 929 182, 652 164, 783 187, 650 33, 413 34, 205 28, 336 24, 663 1, 198, 423 1, 361, 809 1, 288, 203 1 . 902. 8Q6 22. 160 20,006 87, 907 84, 898 90, 047 91, 893 92, 650 93, 098 91, 125 88, 487 88, 202 81, 303 78, 176 77, 184 141,550 152,038 13, 274 16, 653 24, 642 38, 462 33. 693 32, 812 1,817 J , 923 1,864 2, 182 138, 417 131 272 126, 204 124, 445 20, 701 23, 957 19, 983 20, 155 " 24, 942 120, 898 158, 479 110,627 88, 130 88, 504 89, 329 86, 888 1, 107, 321 1, 318, 342 1, 074, 133 1, 062, 469 .99 i 96. 974 . 52 56, 266 .44 104, 976 .44 135, 621 104, 121 .45 .47 | 103.610 ! .46 .43 ; .43 ! .46 21, 094 23, 389 20, 783 23, 476 23,707 23,617 7,304 3,559 6,744 6,187 6,982 7, 769 9,165 6,880 6,148 6,260 20 7Q3 21, 006 1, 292, 580 1, 279, 365 « 16, 039 15, 032 ' 203, 596 95, 244 378, 110 381, 085 368, 457 346, 867 2, 1, 2, 2, 23, 367 24, 283 28 .29 .45 .58 .60 Dozens 132, 561 126, 666 125, 049 151, 399 150, 273 144, 681 1,331,142 e 42, 344 6 142, 136 a 400, 906 423, 021 57,986 ! 164,216 72,963 166,770 428, 169 78,019 158,852 387, 376 64. US 133,758 358, 168 63, 407 140, 367 305, 637 $0.27 Sides .46 1 65,913 .43 53, 866 .43 53, 579 .44 56, 972 86, 467 87, 204 88, 086 87, 632 1, 285, 590 ! ... 8 845 6, 834 8..967 10, 623 6,175 3, 908 17 023 | 129, 736 124, 804 134, 233 123, 039 20. S08 23, 459 23, 775 J per sq. ft. .44 i .44 j .46 .46 1, 147 404 1, 320, 389 Dollars 5,429 5, 958 7,110 9,160 105, 214 158, 676 ! 1.312.677 ' Price chrome Unfilled calf, ProStuffed orders, "B" end of duction grades 4 month (Boston) 387, 500 381, 722 387, 697 379, 357 88,312 1,225,485 1,350,895 i SKIVERS 1 : 400 095 156 502 92, 907 90, 065 87, 622 i 1.168.729 ._ c 114,810 111,217 i .«7 .50 .64 .83 ' .80 .91 In process Finished Exports 3 Thousands of square feet $0. 44 i 4. 3] 9 6, 751 *~ K ^0 3. 657 23, 819 21, 9C6 21, 475 21, 164 1 151 219 June July August 1 27,411 1,063,945 | 20,261 1935 January February March \pril May June 25, 657 24, 557 Stocks, end2 of month Price sole, i Prooak, ducscoured, tion 2 backs (Boston)^ Dollars j per ; pound 1,217,570 1,212,650 1,173,448 1, 373, 255 September October November December 1926 January February March April ' ' 2 r.fi5 i May June July August September October . _ November December Fin shed Thousands of pounds 1. 653 073 1 87rt ^'^ ' 1920 monthly average. _ 1921 monthly average. _ 1922 monthly average. . 1923 monthly average., 1924 monthly average. . 1925 monthly average. _ 1 process 1 1913 monthly average 1914 monthlv average 1915 monthly average 1916 monthlv average 1917 monthly average 1918 monthly average 1919 monthly average i Exports Total Backs, bends, and sides j 1924 i January February M arch 4pril Stocks, end of month 2 2 HARNESS LEATHER i UPPER LEATHER 171.247 156,366 261 551 242 076 76, 340 74, OU9 71,512 62, 933 149, 146, 144, 136, 125,322 135,871 .46 .46 .46 . 46 76, 274 73, 787 86, 013 96, 548 124, 900 111,404 120, 463 120,891 140, 844 110,428 96, 369 101, 437 120, 614 176, 343 200, 031 168,642 157, 592 : 125, 435 34, 29, 34, 35, 597 863 164 171 31, 536 26,108 28, 027 32, 057 33, 377 40, 539 38, 170 40,706 43, 977 41, 244 38, 933 29, 464 27, 691 30, 537 30, 613 i ! i Prior to July, 1922, these figures were compiled by the Tanners' Council. Since July, 1922, they have been compiled by the U. S. Department of Commerce, Bureau of the Census, representing practically the entire industry, while skiver arid harness production prior to that date covered a much smaller proportion of the industry. Hence the figures from July, 1922, on are not directly comparable with those for preceding months. Beginning December, 1919, the harness leather statistics cover amount of harness2leather "stuffed," rather than that produced, but the variation between these items is small. Based on figures compiled by the U. S. Department of Commerce, Bureau of the Cenus. The data embrace returns from packers, tanners, dealers, importers, and manufacturers. Data on leather have been converted to pounds or square feet on the basis of the average weights of each class from original detailed reports in skins, sides, backs, butts, pounds, etc., which may be obtained from the Bureau of the Census on request. Stocks in process represent leather in process of tanning, which takes, several months to complete, while finished stocks are those completely tanned. 3 Data from U. S. Department of Commerce, .Bureau of Foreign and Domestic Commerce, comprising sole leather only. 4 Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. fl Includes estimated production of firms outside the Tanners' Council. o7 Four months' average, September to December. Seven months' average. 53 Table 29.—LEATHER PRODUCTS BELTING i BOOTS AND SHOES GLOVES 2 Wholesale prices 5 YEAR AND MONTH i I Produc- Ex- 4 tion 3 ports Sales Founds Thous. of dols. Thous. of pairs Men's Men's dress black welt calf, tan blucher calf (Bos(St. ton) Louis) Women's black kid, Goodyear welt (St. Louis) Glove leather 5 Gloves cut Dress and street Stocks (tanned) Production Dollars per pair Total Work gloves ImDoported mestic leather leather In process Finished Dozen pairs Number of skins ! 1, 171 L _ 1,199 1, 354 1, 365 27, 602 842 827 1, 412 1, 623 1, 237 1,100 1,780 $3.11 3. 17 3. 25 3. 71 4.75 5.63 7. 60 $3.17 3.28 3.35 4.01 5. 68 5.65 7.77 $3. 00 3.00 3.00 3. 44 4. 50 4. 38 6. 60 1, 587 548 721 833 603 626 23, 793 26, 990 29, 260 26, 102 26, 963 1,403 746 450 612 526 550 8.95 7.00 6.51 6.43 6.25 6. 39 8.14 5.18 4.74 4.85 4.88 5. 13 7.66 5. 06 4. 42 7 3. 85 3.« 4.00 268 817 231 901 563 504 540 552 25, 240 22, 464 21, 389 25, 473 754 509 457 512 6. 25 6.25 6.25 6.25 4.85 4.85 4. 85 4.85 348, 251 338, 425 302, 794 324, 263 581 576 515 548 27, 716 30, 826 25, 322 24, 602 480 552 494 569 6.25 6.25 6.25 6.25 January February March April 409, 252 360, 984 429, 404 380, 443 686 610 729 663 26, 077 26, 455 29, 886 29, 476 512 462 703 696 May June July August 345, 926 367, 583 345, 709 351, 707 602 643 588 595 25, 107 23, 449 24, 758 28, 486 September October November. December. 361, 138 363, 709 310, 542 343, 443 622 626 543 599 29, 769 1913 1914 1915 1916 1917 1918 1919 monthly average .__ monthly average monthly average monthly average monthly average monthly average monthly average 754, 274 846, 664 739, 628 767, 423 710, 214 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average monthly average 694, 899 300, 090 430, 614 449, 109 353, 832 364, 153 21, 043 $809 ._. 1 * 197, 593 188, 854 201, 878 8 37, 623 8 30, 847 32, 067 29, 955 41,064 30, 818 8 129, 123 125, 332 129, 995 488, 258 531, 840 1, 509, 719 1, 291, 178 528, 775 363, 802 3.85 3.85 3.85 3.85 443, 391, 318, 359, 984 880 586 165 1, 591, 638 1, 480, 288 1, 448, 544 1, 448, 968 676, 607, 546, 534, 486 912 653 581 196, 186, 163, 189, 744 998 730 752 34, 250 37, 807 31, 283 33, 279 4.85 4.88 5.00 5.00 3. 85 3.85 3.85 3.90 439, 740 525, 459 475, 959 513, 391 1, 400, 848 1, 365, 963 493, 927 404, 552 350, 246 288, 157 187, 197, 163, 159, 826 927 045 038 36, 698 34, 920 24, 401 28, 463 29, 523 23, 684 22, 626 131, 706 104, 441 6.35 6.35 6.40 6.40 5.00 5.07 5.15 5.15 4.00 4.00 4.00 4.00 551, 578, 563, 557, 681 710 845 211 1, 401, 895 1, 392, 075 1, 319, 780 1, 347, 439 257, 567 181, 139 192, 264 204, 240 210, 786 32, 562 35, 632 41, 175 43, 395 26, 932 31, 966 35, 610 34, 007 121, 645 124, 666 127, 455 133, 384 696 559 488 458 6.40 6,40 6.40 6.40 5.15 5.15 5.15 5. 15 4. 00 4.00 4.00 4.00 535, 494, 442, 456, 431 052 059 059 1, 286, 092 1, 269, 346 1, 205, 971 1, 167, 838 421, 251 420, 949 382, 678 206, 354 210, 598 196, 614 207, 094 43, 619 44, 970 40, 153 45, 986 30, 536 34, 578 32, 374 31, 932 132, 199 131, 050 124, 087 129, 176 401 515 557 557 6.40 6.40 6.40 6.40 5.15 5.15 5.15 5.13 4.00 4.00 4.00 4.00 482, 137 560, 730 576, 743 583. 426 1, 127, 024 1, 287, 706 1, 353, 367 1, 335, 608 343, 559 328, 282 324, 050 395, 767 207, 223, 201, 180, 796 44, 315 118 48, 637 767 | 41, 606 761 ' 30, 718 24, 437 30, 121 29, 870 27, 455 139, 044 144, 360 130, 291 422, 588 1934 May Jane July August -- - . September October November December _ __ 330, 288, 320, 326, 1,370,615 1, 304, 152 32,811 32, 362 28, 794 25,711 30, 466 130, 132 120, 397 106, 736 126, 007 126,552 112,011 1935 1936 January February March April. May June 31,055 24, 630 24, 404 311,005 362, 162 399, 148 419,211 i i 1 Data on sales of oak leather belting from the Leather Belting Exchange from reports of from 32 to 39 members, estimated to represent about 60 per cent of the industry. Monthly data from 1920 appeared in the May, 1922, issue (No. 9), p. 67. Details by qualities are presented in the association's reports, while earlier reports also present data by geographical districts. 2 Reported to U. S. Department of Commerce, Bureau of the Census, by 206 identical factories (including data in earlier months for 1 factory now out of business) representing 87 per cent of the leather-glove industry according to the census of manufactures, 1921. 3 Compiled by U. S. Department of Commerce, Bureau of the Census, from over 1,000 firms each month, comprising almost the entire industry. Figures for the years 1914, 1919, and 1921 are those reported by the census of manufactures for those years. Monthly data from November, 1921, appeared in May, 1924, issue (No. 33), p. 97. Further details as to classes given in press releases. 4 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include men's and boys', women's and children's boots and shoes but exclude slippers, athletic shoes, sandals, and other leather footwear. 5 Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. Monthly data from 1920 on the St. Louis quotations appeared in the September, 1922, issue (No. 13), p. 47. e Compiled by U. S. Department of Commerce, Bureau of the Census. Stocks of glove leather are those held by tanners. ? Type of shoe on which quotations are based changed in January to 7^-inch top instead of 8^-inch top as formerly. s Average for last 6 months of year. 54 Table 30.—CRUDE AND SCRAP RUBBER YEAR AND MONTH (quarterly) 24, do3 31, 800 34, 398 35, 101 38, 572 63, 546 68, 739 75, 444 15, 449 25, 090 25, 757 27, 450 33 103 ' 1923 5 1 Consul] iptlon 2 (quar terly) Im- 3 World ship- ports ments, (includplanta- ing For tion^ latex) Total tires Stocks in United King-4 dom, Afloat end of month Stocks, end of quarter 'Manu- Dealfacers turers Total Stocks, plantation, afloat,i end of mouth 31,280 51, 801 55 238 62. 9IG 83, 994 85, 935 85,450 59. 458 7, 772 9, 705 11,296 12, 562 ft (i tion £t!Jf~ Dolls. per lb. 27, 29, 22, 27, 217 818 294 464 29, 671 39, 523 33, 589 40, 026 76, 78, 65, 52, 529 296 345 581 Consumption by reclaimers Stocks at reclaimers !!» Long tons 1921 monthly average. 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average SCRAP RUBBER (quarterly) RECLAIMED RUBBER 2 CRUDE RUBBER 31. 038 $0. 182 42. 284 . 183 46, 973 . 249 49, 654 .211 Long tons 17.078 26, 894 17, 384 19, 018 8, 217 23, 018 34, 422 22, 002 23, 415 37, 496 508 i 1 j May June July August 32, 238 30, 957 28, 215 31, 500 35, 702 35, 352 19, 926 19,081 September October November December 33, 763 33, 774 32, 565 40, 979 11, 564 17, 622 15. 546 29, 731 38, 553 33, 467 37, 125 32, 684 21,911 31, 513 20, 730 37, 966 May June July _ August. 31, 595 29, 237 33, 896 34, 992 27, 753 22. 380 19, 474 21, 772 September. October November December 38, 960 34, 290 36, 599 39, 823 26, 801 38, 997 33, 691 26, 407 33, 021 35, 539 43, 027 37, 326 32, 898 24, 700 33, 072 32, 506 39, 942 43, 848 43, 041 42, 990 36, 932 32, 154 32, 455 33, 413 44, 496 46, 830 48, 126 26, 367 34, 651 37, 755 40, 329 80, 544 65, 253 100, 885 50, 059 38. 428 85, 658 12, 884 15. 106 27, 990 8, 843 15. 965 24, 808 28, S90 36, 465 | 57, 255 44, 968 72, 920 60. 918 57, 108 55 937 54 243 48, 51, 45, 44 000 960 200 700 .249 .250 .239 238 60, 65, 66, 66, 697 168 566 828 43, 270 46. 600 43, 650 51, 600 .246 .215 .204 .203 63, 812 62 822 61, 554 60, 640 53, 300 48, 700 50, 130 4-7, 540 .199 . 191 .171 .168 56,811 56, 134 56.816 54, 298 44, 300 41, 800 45, 650 48, 160 .173 .164 . 170 .211 48, 058 40, 936 36, 666 32r 425 53, 700 50, 600 54, 300 57, 670 .227 .262 .286 .315 29, 982 25, 729 19, 977 14, 270 54, 030 48, 300 49, 590 53, 500 .318 .307 .346 .340 6,660 5, 824 4,740 5,107 57, 270 58, 940 56, 800 62,400 .420 .619 .825 .663 6,206 5,855 63, 220 63, 570 67, 100 .590 .773 .853 .764 15, 017 20. 917 15, 108 19, 685 20, 241 25 223 1924 January February March April _ _ _ 1935 January _ February. _ March April May June July \ugust September October November December _ _ _ 74, 848 68, 107 60, 920 56, 323 68, 947 64, 408 10, 440 9,121 30, 463 15, 159 40, 903 24, 280 75, 432 64. 525 49, 645 14, 353 36, 407 50, 7CO 83, 391 69, 894 54,831 16, 332 27, 827 44, 159 87, 642 71, 343 54, 502 16, 272 29, 982 46, 254 95, 771 82, 007 47, 770 22, 525 26, 183 48, 708 91, 534 78, 552 33, 131 24, 668 25,812 50, 480 21. 834 7,885 36, 023 28, 043 8. 524 35, 550 23, 773 _.- 12, 297 ! i 16, 678 7, 620 37, 136 22, 498 . 25, 263 8,838 41, 273 31, 344 25, 353 9. 238 40, 045 32, G30 27, 523 8,820 46, 152 35,414 31, 909 7,762 74,809 40, 780 1 1926 January February March \pril May June 1 World shipments and floating stocks of plantation rubber from the World's Rubber Position, a British publication. Details of shipments by countries are given in the publication, as well as amounts retained by the principal importing countries. 2 Data compiled by the Rubber Association of America. Inc., from reports of about 285 members and nonmembers representing the principal manufacturers, importers, and reclaimers in this field. It should be noted that these consumption and production data represent quarterly, not monthly, totals, while stock figures are shown as of the end of the quarterly period indicated, and annual averages in these columns are of quarterly, not monthly, data. 3 Imports of rubber, including latex, into the United States from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 4 Stocks of crude rubber in the United Kingdom, from the Rubber Growers Association (British), represent aggregate stocks at wharves and warehouses in London and in six recognized public warehouses at Liverpool. Monthly data from 1920 appeared in the September, 1923, issue (No. 25), pp. 55 and 56. 4 Wholesale prices are averages of weekly quotations of Para Island rubber in New York, compiled by the U. S. Department of Labor, Bureau of Labor Statistics. 55 Table 31.—RUBBER PRODUCTS AUTOMOBILE TIRES 1 Pneumatic tires YEAR AND MONTH | Production Haw material consumed Solid tires Inner tubes ShipStocks, ments, Proend doducof mestion month tic ; ShipShipStocks, ments, Pro- St'ks, m'ts, end do- duc- end doof of tion mo. mesmonth mestic .tie Thousands RUBBER HEELS 3 Production Shipments doth-! Production Stocks, end of month To shoe To manu- repair trade facturers ^-ss Auto n Total fabrics e £ fabrics [ Thousand? of pounds Thousands of yards ; Thousands of pairs 1 528 2,026 2, 649 2,085 '. 7G9 1, 316 927 696 j 640 526 15, 243 15, .523 9, 889 10, 412 4,172 4,751 33, 962 33, 110 | 1921 mo. av._ 1922 mo. a v _ _ 1923 mo. a v _ _ 1924 mo. av__ 1925 mo. av_ . 1,818 2,558 2,829 3,227 3. 803 4, 213 4,867 5,621 5, 395 5,904 1, 906 2, 435 2, 749 3,047 3, 606 2, 259 3,178 3, 757 4, 419 5,163 4, 568 6, 039 7,306 7,459 8, 297 2 292 3, 055 3, 630 4, 173 4,963 35 66 57 47 52 231 193 246 161 130 44 56 44 M 17 922 6, 696 9, 257 27, 301 30, 604 9, 861 11. 86S • 37,821 46. 033 ' 14 025 1933 Mav „. ... * T June.. July August 3,660 2, 957 1, 993 2, 356 6, 907 7,041 6, 471 6, 058 2, 758 2, 492 2, 5? 9 2, 807 4, 318 3, 590 9, 292 8,924 7, 396 6, 951 3, 414 3, 581 3, 942 4, S04 72 42 48 208 283 264 263 67 52 45 46 12, 888 10, 085 6, 836 8, 178 47,671 32,003 21,367 i 24, 597 ! 2,948 2, 388 2, 266 2, 1 64 1,742 1, 276 1,273 I, 017 553 433 433 495 16, 758 14, 566 11,318 12,824 8, 660 8, 598 8,153 9, 947 3,446 3, 493 3, 609 4, 101 36, 438 42, 910 41,508 39, 653 September. __ October November December 2, 030 2, 361 2,400 2,437 5, 398 4;, 876 4, 689 4, °,29 2, 624 2, 820 2, 456 2, 60i 3, 255 3,684 3: 596 3, 4.22 3, 497 37 ?>7 S, 289 6, 457 6, 898 fi, 694 6,318 32 249 23 ft 178 149 46 48 43 56 6, 656 8, 431 7, 939 8, 387 21,256 | 24, 114 23, 109 24, 772 | 2,418 3, 043 2, 410 2, 664 1, 076 L 264 999 1, 534 593 907 771 551 12, 373 13, 980 15, 134 14, 353 9, 513 10, 666 9.724 8, 921 5, 031 5, 673 4, 495 3, 625 37, 472 33, 261 32, 767 35, 517 1924 January February March April. 3, 220 3,279 3. 428 3, 307 4, 808 5, 265 5, 763 6, 164 2, 785 2,801 2, 902 2, 920 3,8«8 4, Oo8 4, 219 4, 035 6, 720 7. 339 8, 158 8, 627 3, 476 S?330 3, 421 3, 521 48 55 61 59 152 161 174 185 37 43 50 4G 11, 706 11,447 12, 008 12, 287 37, 786 33, 466 36, 909 37, 238 2,756 2,652 2,%14 2, 087 1,476 1, 485 1, 529 995 522 455 468 370 14, 226 16, 036 17, 158 15, 838 11, 807 10, 668 12, 351 9, 109 4, 156 3, 591 3, 653 3, 899 31, 048 35, 113 36, 471 37, 884 May.. June _ July August 3,039 2, 030 2,552 3, 235 6,331 6, 156 5, 138 4, 477 2, 679 2, 603 3. 4;<i 3, 683 3 74^ 3, 493 3, 857 5,016 8, 762 8, 106 6, 634 f.,758 3, 559 3. 858 5, 318 5, 552 50 38 31 38 188 176 165 146 47 46 40 45 11,903 10, 067 9, 789 12,471 35, 474 31, 229 32, 625 40. 385 L 428 1, 400 I, 325 1, 668 597 562 509 658 303 337 1 3H9 1 543 ! 13, 030 12, 243 10, 451 11,476 8,364 7, 018 9, 262 10, 431 4, 551 5, 179 4, 677 5, 098 38, 024 36, 632 32, 144 28. 245 September October November. ._ December 3, 531 3,877 3,190 3, 438 4, 524 5,338 5, 207 5, 571 3,31.9 3,046 3,273 3, 008 5,506 o, 896 4, 6C2 4,704 6, 039 7, 352 7, 668 8,289 5, 119 4, 177 4, 679 45 066 42 48 42 46 142 145 149 154 46 45 41 39 13, 171 13, 205 12, 191 12, 172 43, 921 46, 045 39, 812 38, 95o 2, 297 2, 830 2, 151 1, 615 884 1,181 752 497 784 998 699 490 16, 666 22, 202 18, 121 18, 831 11,594 14, 060 9,813 10, 472 5, 783 6, 737 4, 885 4, 797* 27, 722 28, 948 31, 486 33, 608 1935 January February March.. A pril 3, 555 3,681 3, 957 4,005 5, 962 6, 696 7,132 6, 816 2, 994 2,835 3, 392 4,014 4, 757 4. 755 5, 250 5,139 8, 677 9, 767 10, 677 10, 213 4,107 3,625 4, 176 4, 933 43 43 46 52 160 153 143 135 32 43 52 53 12,311 13, 364 15, 041 14, 902 42, 41, 46, 48, 171 72.1 366 155 1, 548 1,815 1, 945 1,680 581 602 628 600 342 440 463 413 19, 170 17, 627 18, 329 14, 971 11, 180 10, 089 9,524 9,033 3,182 2,870 4,681 5, 555 37, 539 42, 303 44, 515 46, 733 May June July August 4,100 4,063 4, 191 4,205 6,458 5, 432 4, 815 5,446 4,333 4, 950 4, 624 3, 454 5,134 5, 207 5, 658 5, 713 9,376 7,807 6,477 6, 953 5,908 6, 683 6,761 5, 101 58 64 58 62 124 116 112 125 68 70 58 44 14, 985 15, 840 16,014 47, 639 53, 367 53, 197 52, 171 1,524 1,595 1, 587 2,326 518 566 595 646 452 529 693 1, 206 j 14, 518 14, 002 13, 472 15, 469 8,006 10, 229 10, 166 11, 046 5,264 6,045 8,509 7, 209 47, 076 46, 774 37, 740 34, 927 September October November December 3,755 3,379 3,172 3,570 5,761 5,003 5,216 6, 106 3, 293 4,088 2,667 2,597 5,440 4, 959 4,699 5,249 7,463 6,545 7,119 8,485 4,851 5,764 3, 982 3, 665 56 45 42 51 136 127 119 114 39 , 55 47 55 14, 025 12, 446 11,349 12.261 1,452 19, 471 21,853 17, 233 12, 251 12, 338 10, 282 5,764 7,137 5,987 35, 512 38, 675 37,611 j j 1 RUBBERPROOFED FABRICS 2 1926 January February March April 3. 578 97 j i i l 1 i i *- t.C' itjy i <JO 46, 745 42, 211 38, 876 39 771 75ft .. _ . _ __ 1 l j May .June 1r 456 : ! j i i j i !! Compiled by the Rubber Association of America and represent about 75 per cent of the industry. The number of firms has increased from 36 in November, 1920, to a maximum of 66 in 1922, the number standing, at present, at about 45. It is stated by the Rubber Association that this variation in the number of firms does not change the totals to any great degree, except for the omission of the Firestone Tire Co. beginning in September, 1921. Association reports show details by sizes and classes. 2 Compiled by the Rubber Association of America, auto fabrics representing about 60 per cent and other classes of fabrics about 85 per cent of the total output of the respective products. 3 Compiled by the Rubber Association of America representing approximately 70 per cent of the entire industry. Table 32.—NEWSPRINT PAPER AND PRINTING MCATH>N~ Stocks, end of month Consumption 2 Production i YEAR AND MONTH Dolls. per 100 Ibs. Short t DII.? I 1913 1914 1915 1916 1917 1918 1919 monthly average monthly average monthly average monthly average monthly average monthly average monthly average 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average monthly average ; 110,248 14.2, 091 38. 098 ! 31,713 24, 035 23, 929 Thousands | Rel. to 1924 of books >: .18, 320 26, 290 30, 701 39, 019 46, 593 49, 689 52,311 J 113,858 106, 049 114,880 Number of editions i ' 113,251 i 105, 024 114,543 American IraShip- 6 Total nian- ; ported5 ments activity7 ufac- jbooks ture^ Price, In Ex- 3 roll, Imports 3 ports f. o. b. 4* min^; At pub- | to transit Atmm» pubHshers2 mill * lishers i Shipments 1 SALES PRKVTBOOKS | ING B NEWSPRINT PAPEE : 124, 789 154, 952 155, 185 41, 155 40, 983 1 3, 608 5, 066 4, 597 6, 395 7,822 8,062 9,189 $2. 25 i 2.25 2.05 i 2.70 ' 3.35 3.41 3.88 814 763 616 733 728 695 648 206 238 195 136 110 75 67 9,850 i i 125, 997 102, 103 120, 641 123, 750 122, 548 127, 126 148, 760 147, 957 170, 738 151, 179 136, 828 125, 215 102, 172 121, 035 123,111 122, 505 127, 453 23, 324 29, 940 22, 837 22, 205 29, 357 26, 875 144, 712 138, 797 171,121 175, 797 176, 855 52, 006 23,211 36, 657 40, 601 33, 941 60, 822 66, 040 85, 772 109, 058 113,085 120, 687 3, 824 1, 401 2, 147 1, 363 1,429 1,895 6.00 5.00 3.69 3.89 3.83 3.70 621 581 604 626 611 667 81 113 116 113 144 131 11,118 8, 264 10, 083 11,488 11, 200 11, 918 January February March April 130, 435 118,801 119.464 128, 757 129, 290 128, 438 145, 159 145, 797 124, 888 117,033 119,062 127. 878 2S, 631 30, 314 30, 742 31,768 183, 229 179, 945 176, 694 166, 675 38, 873 38, 849 31,513 31,302 107, 594 103, 337 121,904 111,944 1,682 1, 406 1, 314 1,592 3.88 3.88 3.88 3.88 456 529 657 572 178 142 184 129 11, 258 11,661 11, 439 10, 574 104 100 107 111 May June . July August 134, 827 12], 217 114,859 lift, 288 144, 579 139, 426 120. 582 120, 564 131, 758 122,618 118,933 117, 059 34,718 33, 487 28, 427 28, 831 166, 068 161,931 178, 324 189,097 32, 240 32, 435 32, 984 36, 143 113,262 116,547 112,173 110, 228 1,421 1,890 990 1,475 3.88 3.88 i 3.78 i 3. 78 653 499 477 610 130 117 94 165 10, 382 11, 725 9,877 11,036 105 92 91 93 116,753 1 29. 85 •> 1 18. 275 121, 053 131,584 147,448 145, 363 143, 712 116, 743 130, 282 121, 658 122, 148 28, 439 28, 229 25, 062 23, 838 196, 716 187,158 169, 398 167, 024 30. 058 33, 575 36. 394 32, 935 107, 980 114, 121 112,442 125, 241 908 1,677 1,454 1,350 3.78 3.78 3.78 3.78 641 799 905 530 149 93 181 161 11,751 12, 584 10, 799 12, 032 93 105 93 106 129, 005 113,831 127 511 132,661 139, 039 131, 242 153, 322 151,462 126, 860 114, 048 126, 269 129, 881 26, 268 25, 888 26, 414 29, 446 164, 845 164, 399 156, 940 154,912 31, 726 33, 667 33, 898 30, 032 112, 586 110,942 127, 918 123, 673 1,573 1, 875 1,007 1,928 3.70 3.70 3.70 3.70 644 543 756 694 131 152 108 186 11, 186 11,375 12, 874 11, 565 101 97 111 109 129, 026 128, 430 121, 113 120,902 155, 141, 131, 135, 126, 126, 119, 119, 487 456 149 752 32, 037 31, 8f54 34, 079 35, 077 139, 151, 166, 167, 471 083 368 1 19 35, 617 31, 522 29,617 30, 233 123, 126, 117, 102, 457 907 479 741 2,161 3,126 968 1, 558 3. 70 3.70 j 3.70 | 3.70 ' 763 527 546 699 172 112 79 139 11, 284 13, 054 9,533 12, 042 ! 101 96 91 90 121,019 135, 225 130, 102 136, 681 145, 082 167, 515 163, 935 127, 409 142, 204 133, 199 137,718 27, 326 20, 446 17, 418 16, 238 159,926 144, 333 131,236 31,054 33, 261 34, 635 110,688 145, 088 124, 681 12^, 084 1, 869 1,784 2,947 1.943 3.70 3.70 3.70 ; 3.70 1 695 977 668 489 117 157 126 95 12, 973 12, 654 < 12, 172 : 12, 275 96 107 99 101 100 100 1934 September.. October November December ._ i 1925 January February March April May. June July August _ September October November December 944 083 001 054 1926 January February Mi arch April__ May June ; _ i ! I •_ ' : ; : i1. ! ! ; j i! j 1 Data on production, shipments, and mill stocks of newsprint prior to May, 1923, from the Federal Trade Commission; since then from the Newsprint Service Bureau, covering almost the entire industry. 2 Consumption, publishers' stocks, and stocks in transit, compiled by the Federal Trade Commission through May, 1923, have been compiled since then by the American Newspaper Publishers' Association from the reports of about 422 publishers who were included in the 600 reporting to the Federal Trade Commission and had on hand on May 31, 1923, a total of 133,312 tons of paper as against 176,347 tons held by those reporting to the Federal Trade Commission on that date. Monthly data on newsprint paper from 1920 appeared in June, 1922, issue (No. 10), pp. 45-47. 3 Imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Prior to Sept. 1, 1916, imports include only paper valued at not above 2.5 cents per pound; from Sept. 1, 1916, to Apr. 24, 1920, not above 5 cents per pound; and from Apr. 24, 1920, to date not above 8 cents per pound. 4 Newsprint prices, averages of weekly prices, from U. 8. Departrnejit of Labor, Bureau of Labor Statistics. 5 Compiled by the Publishers' Weekly. Books imported are books of foreign manufacture, catalogued and marketed by American publishers. Between 10 and 15 per cent of the books manufactured in America are new editions, the remainder being new books, while about 95 per cent of the books manufactured in this country are by American authors. e Shipments of sales books by manufacturers from the Sales Book Manufacturers Association, reported by 11 manufacturers representing about 90 per cent of the industry east of the Rocky Mountains, the sales books included are those commonly known as d uplicate and triplicate books used by retail stores in recording their sales; all sizes and 7styles are included. Interchangeable covers and accessories are not included. Printing activity, from the United Typothetse of America, is based on productive hours reported by plants in 52 cities in 30 States, each department being weighted for the combined index. 57 Table 33.—BOX BOARD AND PAPER BOXES 1 PAPER BOARD SHIPPING BOXES 2 BOX BOARD i j YEAR AND MONTH Operation Unfilled Produc- Orders orders, tion received end of month Consumption, waste paper ct. Inch hours Per capac. 1921 mo.avj 1922mo,av 1923 mo.av 1924 rno.av 8, 015, 890 1925 mo.av 7, 907, 686 Stocks of waste paper, end of month Ship- Stocks, end of ments month Operating time Un- In shipped transit pur- On hand chases 1 I 178, 912 190, 156 96, 768 100, 798 170, 728 179, 118 178, 434 189, 715 48, 667 52, 968 155, 697 14, 61 £ 167,350 14,726 31, 782 29, 618 Production ® A <C TS Total Corrugated SoZid fiber I Per cent of normal Short tons 147, 745 169,384 91.7 | 178,733 96.5 | 189,378 Corrugated ! Thousands of square feet 50 70 79 74 78 45 66 79 72 78 65 81 79 79 75 226, 622 291, 036 306, 743 350, 418 231, 190 273, 183 77, 299 79, 882 75, 553 76, 397 80 77 79 81 82 78 80 82 76 76 77 78 286, 603 275, 679 290, 754 285, 059 208, 705 195, 288 205, 725 190, 760 77, 8Q8 80, 391 85, 029 85, 299 79 81 76 88 86 66 256, 701 310, 795 286, 200 256, 022 195, 480 228, 085 208, 129 204, 232 61, 221 82, 710 78, 071 149, 323 211,654 1 1933 Mav June July August 189, 106 173, 601 147, 244 189,684 September October. __ November December. 7, 870, 161 7, 592, 164 1934 January— . February . March April .. i 83.0 80.1. 162, 183, 161, 150, 663 477 536 339 167, 137 152, 097 88, 020 93, 616 8, 542, 957 8, 290, 289 9, 194, 400 8, 574, 444 86.7 87.5 93.3 87.0 181, 953 179, 854 200, 411 182,817 198, 156 167, 855 195, 635 158, 980 111,825 May June July August.—. 8, 253, 431 6, 693, 453 7, 174, 718 7, 973, 129 83.7 84.1 86.0 100.2 173, 483 151, 414 164, 762 183, 570 165, 868 186, 259 202, 919 September October... November Deceinber. 8, 036, 712 8, 422, 014 7, 546, 373 7, 488, 756 101.0 96.6 104.7 89.8 188, 196, 170, 170, 669 633 550 674 168, 299 180, 846 174, 184 180, 284 1935 January--- 8, 388, 897 February . 7, 550, 968 March 7, 569, 995 7, 654, 378 April 105.4 99.3 90.5 91.6 199, 633 177, 292 179, 067 185, 866 199, 649 162, 724 169, 924 169, 914 112, 911 100, 403 7,111,776 89.1 7, 983, 150 95.5 8, 272, 036 94.6 8, 069, 721 101. 1 163, 956 190, 310 196, 522 196, 527 175, 246 193, 564 218, 013 211, 385 83, 415 92, 022 September 8, 152, 403 102.2 October... 8, 438, 784 100.9 November 7, 923, 058 99.3 December. 7, 777, 060 89.0 198, 749 204, 492 193, 140 186, 776 191, 840 207, 178 195, 142 189, 295 May . June July August 167,658 150, 131 146. 796 165, 532 146, 501 40, 852 44, 690 151, 611 171, 550 10, 628 12, 990 23, 333 22, 882 68 79 79 74 68 103, 643 97, 181 73, 629 170, 169, 186, 169, 291 644 463 573 179, 947 176, 037 202, 097 182, 532 46, 696 50, 513 48, 827 49, 112 132, 010 127, 259 144, 118 143, 601 14, 324 14, 353 15,417 11,918 40, 891 27, 100 24, 480 27, 631 72 78 83 76 68 75 80 74 85 87 90 82 295, 168 315, 376 344, 083 327, 911 211, 686 229, 575 247, 460 245, 975 83, 482 85, 801 96, 623 81, 936 68, 676 85, 414 105, 009 122, 927 165, 479 148, 440 158, 734 181, 752 170, 821 150, 920 166, 664 184, 941 51,774 52, 268 50, 366 48, 935 142, 319 159, 767 165, 802 11, 632 13, 674 16, 939 17, 002 28, 854 34, 022 34, 870 34, 919 72 67 64 68 69 66 64 65 80 70 63 74 297, 764 255, 561 269, 108 287, 937 225, 103 193, 800 205, 723 219, 141 72, 661 61, 761 63, 385 68, 796 103, 056 87, 563 182, 521 189, 187 162, 771 163, 878 191, 203 198, 352 169, 018 168, 677 46, 401 44, 682 46, 214 48, 211 15, 319 14, 921 15, 523 14,329 41, 766 27, 804 29, 423 31, 620 52 77 78 75 69 77 77 74 79 78 80 76 302, 181 331, 390 332, 824 321, 617 231, 066 256, 410 259, 390 248, 956 71, 115 74, 980 73, 434 72, 661 193, 285 170, 023 170, 363 170, 487 195, 501 176,254 52, 466 53, 960 180, 736 51,835 172, 382 172, 456 176, 035 179,772 57, 212 176,035 18, 846 16, 635 13, 199 14, 307 34, 974 27, 110 22, 948 32, 590 71 76 78 74 70 76 79 76 73 76 75 67 302, 291 333, 431 341, 769 330, 616 228, 084 263, 862 268, 335 256, 409 74, 207 69, 569 73, 434 74, 207 168, 353 184, 928 190, 667 204, 766 53, 327 59, 452 64, 600 55, 560 174, 726 166, 467 111,919 119,248 159, 095 179, 253 184, 295 187, 301 12, 686 13, 872 11, 953 14, 598 26, 129 25, 246 34, 358 29, 761 74 74 76 79 75 73 75 80 69 76 77 74 325, 426 321, 836 340, 608 361, 424 250, 406 242, 992 257, 879 286, 261 74, 980 78, 844 82, 709 81, 163 109, 191 101, 987 103, 304 105, 993 187, 620 189, 684 181, 326 175, 989 202, 599 213, 019 193, 847 186, 606 51, 699 46, 054 44, 541 155, 476 168, 305 166, 087 173, 955 13,866 35, 721 30, 324 81 88 86 73 82 90 88 73 79 81 80 71 370, 315 422, 548 290, 698 341, 384 322, 112 275, 772 79, 617 81, 164 77, 299 69, 569 94,711 107, 584 90,062 79, 127 44,911 161,793 172,240 175, 946 164, 065 179, 442 160,099 149,984 18, 587 15, 010 13,156 31,918 24,340 409,411 345, 341 51,790 1936 January February March April May... June " "I"'" 1 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 89 identical manufacturers each month, including figures from the members of the Paperboard Industries Association, formerly included in the Box Board Association, prorated from weekly reports. These box board data included any paper board of more than 0.009 inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and boards of less than 0.009 inch thickness are not classed as box board. Capacity data are determined by the number of working-days in each month, Sundays and holidays excluded, until the end of May, 1924, with Saturdays also excluded since June 1, 1924, when the five-day week (with Saturday used for clean-up and repairs) was adopted by about 80 per cent2 of the mills. The data almost completely cover the box board industry. Data from the Paperboard Industries Association, comprising the former National Container Association, which in turn had merged the statistical activities of the Container Club and the National Association of Corrugated and Fiber Box Manufacturers, who formerly reported separately. Thirty identical companies report corrugated board data and 11 report solid fiber data. Data for the former individual associations, extending back to 1919 for the Container Club, are given in the August, 1923, issue (No. 24), but are not comparable with data shown here, as the former National Association of Corrugated and Fiber Box Manufacturers reported in their totals single face board (used principally for wrapping purposes), which Ls excluded from the tabulation above. Monthly data for 1921 and 1922 on the present basis, including relative prices of finished board and raw materials, appeared in the November, 1923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box machines. 58 Table 34.—PAPER BOOK PAPEE i 1 Uncoatedi YEAR AND MONTH & 3 g j 1 P 'p £* 35 3 5 15 f 3 | | | Production Coated * j Total i i WaAPPI PAPEl ! jj: ! • | | I E ! Ppftdn - IStocksJ Pro- St end Bg >g S5° « n " c " i e n d o f |! dueei of SS o P^*^ ! month i | tion month m Per cent of normal Days Per cent of normal „ production ±->&y$ production ! 1922 mo. av...| 1923 mo. av... 1924 mo. av...i 92 1925 mo. av... 86 1923 September October November December. Production Stocks, Produc- Stocks, Produc- Stocks, ! end of end of end of tion tion month month month Sho _. , . . ! . _. _ . _ i 1 1917 mo. £ 1918 mo. av_. 1919 mo. av_. 1920 mo. av_. 1921 mo. av_. TOTAL PAPEE-'; (including news- ! print and i boxboard) ! ALL OTHERS GRADES FINE PAPERS ^ .,J 91 86 i ! i ! j i j ' _, i < . i 1924 January February March April- 79 93 99 98 So 96 98 100 May. JuneJuly.. 98 97 82 86 94 88 85 89 91 98 98 85 89 94 91 84 ,. r 82 94 13 12 15 12 87 93 94 95 90 98 95 86 120 96 99 94 88 74 81 88 i ••> 9 _ 99 Cj 87 96 96 94 90 93 87 83 88 82 10 7 7 92 101 105 96 91 91 98 100 101 - 102 01 99 10 11 13 11 ,; ,y;, 85 M 15 17 17 100, 254 97, 2-16 104, 053 109. 134 89 •\f) 1CS, 257 88 94 i* 12 13 94. OH) 93. 401 95 101 102 93 % 96 97 94 13 ; •> 12 1 '' 102 100 107 102 98 106 103 99 108 15 108 98 92 15 8 95 89 83 11 8 90 87 91 80 88 81 Of) 10 11 107, I OS 103, * 101,817 ! 105,890 I 61,600 64,004 ! 87, 586 93, 002 90 94 94 91 87 93 93 90 88 94 89 95 12 11 11 12 103, 772 j 64, 064 j 111,036 | 64, 705 105,484 j 63.411 | 107,594 64.045 i 89. 076 99, 916 86,602 85.267 10 100,369 104, 725 105,772 1.925 January-. February March... April May. June. July.. ist 3mber ber 3mber mber 95 101 100 100 95 93 79 74 70 70 77 73 73 72 77 80 78 77 80 82 78 67 77 75 79 7 7 6 jj 10S. 945 103, 498 1 13, S48 111, 571 928 ary uary March. 3h 1 April. i 35,143 36,399 93,481 i 35,750 86,495 41,235 80,274 37,045 74,774 ! 38,256 94, 629 99, 672 67. 594 65, 612 636, 810 652, 392 102, 195 49, 558 107, 891 49, 923 96, 037 50, 289 50, 113 | 88, 771 63, 989 61,551 61, 126 65. 112 650, 561 699, 815 648, 410 643, 545 350, 117 329, 1 74 317, 057 315, 193 50. 001 51, 145 ! i • j MayJune _ 105,514 1 99,284 364, 119 j 389,767 383, 388 370, 742 ! i i 59 Table 35.—WOOD PULP AND PAPER PRODUCTS 1FOLDROPE ! ING PAABRASIVE LAPAPER PAPER AND PER BELS i ! Mechanical i: Chemical CLOTH^ SACKS BOXPrice, i ESS ConConsulsumpsunup- Stocks, Stocks, Produc- tion and end of Imports5 Production and end of 4 Imports phite, Domes- Foreign Shiption ^ tion 4 unNew orders ship- 4 inontli 4 ship- 4 month tic sales sales ments bleachmen is ments ed « WOOD PULP YEAR AND MONTH Dolls, per 100 Ibs. Short tons '• 1 25 521 31 130 ! 3* f!Q1 1909-1913monthlyav. 1(H3 monthly av 1914 monthly av 1915 monthly av. ... 1916 monthly av 125 078 1917 monthly av 1918 monthly av 1919 monthly av 1920 monthly av 120, 589 108,617 120,817 131, 525 117,804 109,817 120, 660 132, 308 1921 1922 1923 1924 1925 105, 668 123, 495 131, 073 145, 727 141,489 100, 214 127, 802 131, 266 139, 796 142, 695 166, 889 136, 664 95, 900 195, 007 225, 620 16, 000 17, 965 24, 957 20, 929 27, 657 127, 165, 185, 199, 204, 786 198 253 140 443 127, I')/ 166, 13-* 200, f 4~ 200 7' 3 204. M6 > 52 >J, > 'i, 1934 January February March A pril 179, 503 143, 715 154, 466 213, 054 147, 445 131, 920 131, 586 179, 138 126, 134 136, 334 163, 692 205, 225 17, 660 17, 637 22, 552 18,431 220 792 222 711 19'), ^8 20 s 1 2 2Ji,(/<0 May June July A ugust 185, 4(33 152, 606 98, 009 116,540 146, 144, 125, 128, 251, ISO 249, 463 226, 798 218, 334 13, 291 13, ISO 18, 042 21,204 ! 18), 4J1 194 64b ! 17b, 1^6 I IV) h40 September October November 11 "1, 11 _> 1 I 700 1?> 46 128 _26 20-t 191 183 170 24 >, V) , monthly monthly monthly monthly monthly av av av av av 1925 January. February . March A pril 106 824 12C 31/8 124 909 177, 137 198, 583 11? 145 172 469 329 183 1 1, 22 1 7 911 145, 131, .154, 120, 567 170 251 079 "2i 8SJ 84t> K > 1 1 <rs 126, "37 147, 02(5 155, 878 17 17^ 207, 934 256, 255 16, 463 13 P91 18, 105 14, 504 21 877 129 325 ... i 160 57'? 23, 257 ! 15, 456 16,855 i . • i * >7, 7J7 1=)S, n ,0 '6i', 37 T 5, " 3» 159, 375 158, 008 16 J, 247 188, 156 201, "•'S 253 -7) 17 >, 230 17* 04 j _ . i 25 855 32, 8fil 35 100 1 7!< 31675 ~>J 7J~> * 7T C3, ° », 3'' 5> 1 4 1 olS ' 17J 4<>J '•' ' 230 ,23 ^t 1 r 1 si i 3 S4 3 >o 8 r'.yji 6' U8 6 , -70 „•> M 4 »sS, 06) « ? 4 178 86, 556 62,864 2 '1 2 63 1 2 63 2« > } 3b8 '4, 'Ih 2 xiO S-, 4) H i , 13t i,»o S16 0 0 2 56 !!;« , n , '^i -1J, J I1) 04, 262 i20 1J4 S 973 2 2 2 2 3, M^> J NOi. 10 2.0 42, 350 Mi, 28) In, u39 107, 7o2 106, 87j ~ 2 66 2 68 2. r,.> 45,252 4'?, 470 ! 38.888 37,714 \ 111, 163 117, 3SS 110, :'.'J> 116 358 2.68 2. f.S 2. 6S 2.90 7 6 142 «s4 90 2J4, s36 198 720 21"/ , 300 217, t v 4 47 ,0 40 1-»S >~ ' 4 y» iSo 19 4, 260 195 9 ) 2 ]Q3, i * 195, >J2 l'*b, O i ^ 189,822 196, 548 196, 221 206, 197, 193,748 ! 224,082 206. 112 j 197,566 j ! | 2 1 2 ol 2 i 2 "7 2 l>3 '32 221, 191, 220, 217 2. f l 27, f O 18, 896 21,710 ! 2187 2 67 i n. 7(»o September October November December . 179, 591 149, 942 118,571 99, 794 148, 145, 136, 129, 101, 139, 138, 143, 135, 368 151, 469 145, 382 141, 908 485 417 851 293 240 129 391 329 288, 294, 276, •~4f> 37S 35S 347 6'M 23,369 ! 29,859 212, 798 201 212 194, 346 191,911 24,777 | 32,812 : 35, 105 32, 480 : 690 270 076 056 i! i ! I 9, 171 68, 150 78, 363 11,695 17 9 69. 4 63 6 67 4 44.2 82. 7 80.8 83.7 86.0 47, 957 72, 394 86,916 79, 006 86, 891 4, 379 8, 836 10, 943 10, 165 12, 435 64 6 81. 0 7b 2 62 9 108.2 | S3 0 129.8 ! 129 0 \ 89, 961 92, 660 96,376 79, 704 8,384 8,529 ! 10,553 11, 620 89 109 133 117 ^ 100 110 119 129 126 "^ 0 7)6 67. 9 71 9 71 <>3 65 S') 7 1 6 9 76. 890 60, 969 63, 553 70. 491 11,018 12,815 i 7, 777 i 10,916 i 129 122 145 165 h() 3 74 9 84 1 64 6 62 6 79, 828 80, 587 73, 581 77, 429 8,228 8,591 i 11,940 11,606 i 156 153 119 112 a 4 87 9 107. 3 9, 582 10, 764 12, 029 11,485 101 127 142 126 j i i 1 63 63 (0 60 '% : 61 5 f>> 4 I May _ . . J i me Julv \ugust Rel. to 19211922 ' Reams $2. 23 2 16 2. 12 1 3. 81 44, 4 7 86 942 2. f 4 3 Of 3<)0 lil 520 IS », -iH) 2 >7, 124 l c >\ 500 x v^ Per cent of capacity ! of) 4 84 4 i 01 8 100.9 i ! 100, 565 94, 935 92, 097 86, 484 i 82, 85, 78, 85, 780 503 130 194 13, 922 14, 182 1 1, 407 8,947 124 143 136 151 50.7 86, 448 84.6 102, 058 67.8 76, 877 78.6 1 71,623 10, 997 14, 034 14, 836 17, 037 133 138 101 92 1938 February M"arch -\pril j i | May Tun« i i : ! i i : ' (I '" i I ! i i i Compiled by the Label Manufacturers National Association, said to include about 75 per cent of the industry. Data on production, compiled from January. 1921, through November, 1922, may be found in M*«y, 1923, issue (No. L'U, p. «5. 2 Data compiled by the Abrasive Paper and Cloth Manufacturers' Vxchavg*, e^imated to rcpr^ent Pi) per cent of the industry. The totals given include the sales of garnet, ernery, flint, and artificial (silicon, c;irhide, and aluminous oxide) paper, cloth, and combin-itions. Figures ate stated in equivalent reams 9 by 11 iiidit-i in size. The data submitted show that in 1919 the total s iks wf re made up of the 1\ llowing approximate percentage-^ Garnet '/3, em<T\ 8, Hint 32. and artificial 20 per cent. DetaiU are given in the association's reports. 3 Rope paper sacks from Rope Paper Sack Mawfactur* /*' Association, comprising 1 ( manufacturers, said to represent approximately 95 per cent of the industry. "Rope paper sacks are bags or sacks made principally of old lope and usul for Qour cement, lime, p1 ist'T, <'W. 4 Data on production, consumption, and shipments by mills and slocks from the Federal Trade Cuvunixsion to May, 1923, representing practically complete production thereafter compiled from reports of the American Paper and Pulp Association prorated to represent coiaplete production on the following percentages calculated on the production in the last seven months of 192o as compared with the total for that period derived from tf o Federal Trade Commission reports and the Census of Manufactures: Mechanical pulp, 65 per cent; chemical pulp, 50 per cent. 5 Imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 6 Price of sulphite domestic wood pulp is monthly average from U. S. Departrnent of Labor, Bureau of Labor Statistics. 7 Twelve months' average July, 1921, to June, 1922. Numerical data not furnished by the association. 8 Compiled by the Paperboard Industries Association, comprising the former Folding Box Manufacturers National Association, from reports of about 60 per cent of the industry. Data or production compiled from January, 1921, through May, 1923, may be found in August, 1923, issue (No. 24), p. 91. 1 60 Table 36.—BUILDING COSTS AND HOUSING BUILDING MATERIAL PRICES i (1st of mo.) YEAR AND MONTH INDEXES OF CONSTRUCTION COSTS * I to*™" C<m coste* C08te - ig. -SZT Frame Brick house house Relative to 1913 Brick, wood frame Frame ' Brick, steel frame Reinforced concrete HOUSING AD^ER^SE MENT * " Portland, Oreg.e monthly average monthly average monthly average monthly average monthly average monthly average monthly average 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average. monthly average 10O 100 1 100 182 207 201 196 186 209 203 197 179 170 202 198 195 100 89 ,93 147 181 189 198 H 100 251 202 175 214 215 207 109 134 104 212 10 100 10 100 ic 103 10 114 10 140 10 171 10219 10 100 1098 10 101 10 122 10 155 10 179 10 209 10 100 1098 10 102 10 120 10 147 10 171 10 210 10 269 IP 196 ic 190 209 205 202 10 284 10216 10 196 219 218 210 10 257 10201 10 185 212 210 202 10 264 ic 207 10 188 210 206 200 1097 10 99 ic 10 IP 1° FIRE LOSSES United s States and Canada 41 cities | pr«>at "jear 2™*; ain Thogs. : Thous. NUMERICAL DATA RELATIVE NUMBERS 1913 1914 1915 1916 1917 1918 1919 Minneapolis, Minn.' Number Relative to 1913 ^4° ! ESTATE CON ' ANCE83 \ ! 64. 672 63,094 56.877 92,507 808 908 1, 094 H 1,319 1,886 3,082 3,673 4,788 5,096 104, 91, 109, 139, 140, $22, 416 973 642 895 089 961 27, 571 27, 721 34, 241 32, 433 31,461 31,125 £707 644 514 904 620 j 1924 September. __ . October ._ November December 202 196 195 201 203 199 193 202 196 195 195 197 211 208 206 209 203 204 203 203 216 216 215 214 206 206 205 205 203 202 201 201 1,302 1,299 1,246 1,004 7, 508 6,226 5,058 3,307 131, 430 150,824 130, 824 139, 453 29, 612 27, 944 39, 082 44, 477 398 510 392 432 1925 January .. __ _ _ February. _ . _. March April . . . _. 196 195 198 198 199 197 201 200 197 197 197 195 210 210 210 210 202 204 204 202 210 211 211 209 203 204 205 204 200 201 200 199 1,025 1,008 1,183 1,132 3,106 2,624 3,640 5,458 135, 932 123. 838 157, 285 169, 712 41, 210 32, 472 33, 347 37, 697 481 322 1,189 377 May. _ June July August. __ 198 197 195 195 197 198 195 194 194 194 194 194 207 205 205 205 203 201 199 199 210 209 208 209 203 203 201 200 199 199 199 200 1,353 1,216 1,109 1,298 5,450 4,306 3,759 9,058 166, 726 158, 953 162, 256 145, 571 i 29, 171 23, 651 29, 622 23, 349 246 360 1, 485 575 192 194 195 193 193 195 196 195 194 194 194 194 202 205 206 206 200 201 204 204 210 210 212 213 199 199 199 199 200 201 201 201 1,510 1,429 8,497 7,079 5, 136 3,042 149, 156 165, 375 25, 396 23, 991 30, 320 43, 275 395 647 195 195 195 208 . . . . September October.. _ November December 1926 January February. . March April May June... _ 41,119 _ _ i i i! 1 Building material price indexes representing the relative cost of building materials entering into the construction of a six-room frame house and a six-room brick house from the U. S. Department of Commerce, Bureau of Standards, Division of Building and Housing, and Bureau of the Census, are based on prices paid for material by contractors in some 60 cities of the United States. The prices are weighted by the relative importance of each commodity in the construction of a six-room house. 2 Compiled by the American Appraisal Company and represent construction costs for each month as based upon material and labor costs prevailing in the United States, weighted in accordance with cost precentages determined from buildings of each type actually constructed. Details by districts and description of method of compilation may3 be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SURVEY (No. 50), p. 26. Real estate transfers and conveyances compiled from official records of 41 large cities by the National Association of Real Estate Boards. 4 This index number, furnished through the courtesy of the Aberthaw Construction Co., is designed to show the relative changes in the cost of constructing a standard concrete fact9ry building. The company believes that the year 1914 gives a normal base and that July, 1920, with an index number of 265, represented the peak of costs. Beginning with June, 1923, the Morton C. Tuttle Co. has also prepared an index on a similar basis, with practically identical results. These index numbers are given as of the first day of the month. a The construction cost index, computed by the Engineering News Record, is based upon the costs of steel (structural shapes, Pittsburgh base), cement (f. o. b. Chicago, exclusive of bags), lumber (southern pine, New York base), and the rates paid common labor in the steel industry through 1920, after which common labor rates are averages reported from about 20 cities by correspondents of the Engineering News Record. The prices are weighted on the basis of the total production of steel, cement, and lumber, and the total supply of common labor. Monthly data from 1914 appeared in June, 1923, issue (No. 22), page 52. These index numbers are given as of the first day of the month. 6 Compiled by the Portland Association of Building Owners and Managers, showing the number of advertisements, computed from number of inches, carried in leading newspapers of Portland, Oreg., each month of houses and apartments to rent. 7 Compiled by the Federal Reserve Bank of Minneapolis, showing number of advertisements in a Minneapolis newspaper each month of houses and apartments to rent both furnished and unfurnished. No 'effort has been made to eliminate duplications of houses advertised from day to day, and thus the total does not represent actual number of dwellings for rent, but it does indicate the trend. 8 Fire losses in the United States and Canada compiled by the New York Journal of Commerce include losses of $10,000 or over in the principal cities of the United States, Canada, and Alaska, each month's figures including an item of 15 per cent to cover small and unreported losses. Individual losses are given in the original publication of the cfigures. Monthly data from 1913 and seasonal index appeared in the December, 1923, issue (No. 28), p. 53. Fire losses in Great Britain compiled by the London Times; prior to January, 1923, these figures did not include fires involving losses of less than £1,000, and thus are not comparable with later figures. 11 Average of quarterly figures. i°Four months' average, September to December. 61 Table 37.—BUILDING CONSTRUCTION CONTRACTS AWARDED (36 STATES) 1 Commercial YEAR AND MONTH Thous. sq. ft. Industrial Residential Thous. dolls. 2,864 2,824 $17, 450 20, 765 $49, 977 56, 374 53, 382 38, 275 $245, 089 240, 677 23, 918 29, 754 26, 719 30, 620 34, 434 4,298 4,921 3, 912 4,643 5,817 26, 268 31, 653 25, 386 32, 728 46, 077 45, 719 55, 960 55, 456 60, 326 73, 811 36, 859 54, 552 56, 352 58, 869 74, 955 224, 070 318, 403 331, 776 373, 816 485, 187 3,096 5,033 4,219 4, 111 16, 369 26, 085 24, 273 28, 428 3, 573 4,857 3,598 2,373 23, 446 30, 207 22, 315 15, 546 55, Oil 63, 499 36, 237 40, 536 44, 857 60, 192 57, 578 53, 269 288, 932 360, 687 318, 829 299, 748 170, 186 142, 079 227, 461 219, 139 3,114 5,839 5,748 5, 757 18, 519 31, 155 34, 062 33, 522 3,225 3, 706 6,017 4,795 21, 705 22, 556 40, 726 32, 511 28, 381 37, 956 44, 895 88, 841 56, 624 54, 879 78, 326 73, 169 301, 952 299, 929 433, 340 480, 097 39, 755 34, 101 25, 474 27, 998 185, 419 161, 443 128, 072 148, 232 6,908 5,262 6,150 4,401 40, 582 34, 807 39, 511 31, 771 5, 812 4,734 6,059 4,968 39, 283 37, 963 38, 875 37, 613 68, 708 71, 784 71, 717 65, 296 68, 784 57, 754 50, 522 50, 767 419, 273 387, 521 347, 184 354, 443 35, 222 29, 033 34, 373 30, 776 28, 236 32, 143 34, 779 33, 153 143, 706 166, 199 191, 319 166, 839 4,857 4,127 2,825 3,254 31, 728 27, 675 18, 311 25, 997 5,234 4,195 3,181 3,785 38, 310 29, 991 22, 947 30, 259 52, 034 101, 224 57, 455 35, 620 51, 631 55, 087 55, 258 53, 625 344, 316 410, 091 379, 660 327, 986 4,335 3,308 4,836 6, 496 19, 454 20, 767 53, 133 46, 568 26, 791 27, 850 45, 534 51, 453 127, 232 136, 023 220, 872 256, 414 2,371 3,809 5,557 5,203 15, 339 20, 278 42, 193 33, 155 3,217 3,746 5,571 6,431 31,614 30, 501 41, 917 51, 433 35, 462 52, 865 67, 931 95, 432 48, 530 46, 861 73, 555 82, 565 296, 473 299, 260 480, 916 546, 971 80, 280 92, 152 67, 166 105, 849 5,278 3, 973 5,643 4,773 27, 562 25, 161 58, 148 22, 693 48, 101 42, 988 48, 081 52, 096 231, 182 208, 583 224, 713 263, 485 4,623 9,002 7,645 5,246 29, 313 64, 585 57, 572 33, 667 6,106 6,597 7,251 8,736 49, 928 57, 214 48, 658 67, 996 77, 759 92, 916 72, 743 96, 000 78, 910 76, 756 82, 210 88, 594 496, 024 540, 610 529,000 589, 690 80, 171 55, 912 61, 336 67, 770 8,643 7,231 7,758 5, 204 43, 298 63, 316 53, 309 29, 332 46, 790 52, 238 50, 309 48, 280 250, 417 262, 726 240,280 250, 044 4,744 3,937 3,157 3,407 35, 217 28, 192 22, 048 31, 646 8,270 5,418 4,070 4,390 59, 445 43, 376 30, 675 40, 164 79, 668 66, 007 57, 035 91,912 86, 167 82, 577 77, 871 74, 852 548, 217 519, 528 464, 683 510, 868 Thous. sq. ft. Thous. sq. ft. Thous. dolls. Thous. sq. ft. 10, 897 8, 107 $38, 882 30, 639 6,262 9,500 10, 669 17, 786 15, 065 12, 564 $10, 435 17, 813 24, 208 47, 085 50, 051 57, 459 20, 927 20,006 13, 864 9, 552 22, 218 12, 642 $38, 121 44, 068 32, 346 27, 785 77, 465 51, 669 2,399 2,745 $11, 722 16, 903 6, 413 9, 363 9,120 9,420 12, 589 31,803 47, 545 42, 743 49, 695 69, 639 3, 518 6,448 6,119 4,169 5, 623 16, 893 31, 674 36, 932 29, 606 38, 562 18, 812 28, 538 32, 562 35, 192 45, 043 80, 139 123, 014 144, 541 170, 841 222, 664 4,239 5,701 4,641 4, 854 4,892 8,499 8,786 7,689 8, 558 44, 142 35, 133 32, 594 42, 388 4,392 4,205 5,907 5, 063 38, 059 32, 721 44, 457 25, 160 25, 296 37, 311 36, 164 33, 166 111,906 173, 042 158, 953 147, 689 January February M^arch April 7,778 9,420 11, 455 9,615 38, 393 47, 124 64, 432 49, 724 3, 795 4,096 4,744 4,994 24, 769 19, 060 21, 763 56, 361 37, 945 31, 348 49, 838 47, 536 May June July August 11, 232 9, 308 8,993 8,361 56, 380 56, 556 49, 346 41, 151 4,625 3,294 3,017 3,967 28, 901 24, 968 19, 664 30, 380 8,751 9, 664 10, 038 8,424 43, 316 55, 969 55, 255 38, 696 4,216 4,478 4,101 4,705 _-- 10, 919 7, 467 11, 772 12, 261 67, 372 38, 825 54, 871 63, 969 __ 14, 183 13, 713 13, 153 17, 295 13, 262 12, 228 11, 421 13,389 .. _- _ _ « Grand total Thous. sq. ft. Thous. dolls. 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average Public works and utilities Thous. dolls. Thous. sq. ft. 1923 September. . October November December Public and semipublic Thous. dolls. Thous. dolls. 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average Educational Thous. dolls. 1934 . September October November December _ _ - 1935 January February March April _ May June July August _ _ _ _ September October November December. _ . 1936 January February.March April May June _ ... . _ 1 Compiled by the F. W. Dodge Corporation from reports covering contracts awarded in small towns and rural districts as well as large cities. The data shown on this page include figures from 36 States, all except Washington, Idaho, Montana, Oregon, Utah, Wyoming, Nevada, California, Arizona, New Mexico, and parts of Kansas and Nebraska, comprising about seven-eighths of the total building contracts in the United States. Prior to 1923, figures for Colorado, Texas, Oklahoma, Arkansas, Louisiana, Mississippi, Alabama, Florida, and Georgia were not compiled, and the totals for those years for 27 States have been prorated to the figures shown above by applying to the 1923 totals for 36 States the percentage changes from year to year for the 27 States. The original area figures for the years 1915 to 1918, inclusive, used in these calculations, were estimates by the F. W. Dodge Corporation. Data giving monthly figures for 27 States (except that prior to May, 1921, North and South Carolina were not included, which, however, made little change in the total) for 1920 and 1921 appeared in the May, 1922, issue (No. 9), pp. 71 and 73, and for subsequent months in the August, 1924, issue (No. 36), p. 109. The reports of the F. W. Dodge Corporation show totals by districts and also separate the public and semipublic building group into various classes, shown separately in the August, 1923, issue (No. 24), pp. 94 to 97, and also present military and naval and miscellaneous classifications, which are here included only in the grand total. 62 Table 38.—YELLOW PINE AND DOUGLAS FIR LUMBER NORTH II l| CAROLINA 1 PINE * 1 SOUTHERN PINE i ! Pro- i ShipYEAR AND MONTH duetion ments Orders Stocks, end of rno. Exports 2 ProPrice, dueLum- Timber flooring a | tion ber i j 1913 mo av 1914 mo av 1915 mo. av 1916 mo. av 1917 rno. av 1918 mo. av 1919 mo. av 423, 509 368, 325 380, 524 441, 903 399, 160 379, 701 446, 405 354, 287 376, 070 1920 mo. av . _ _ _ 1921 mo. av 1922 mo. a v 1923 mo. av 1924 mo. av 1925 mo. av 358, 015 375, 438 431, 633 450, 165 453, 376 473, 338 466, 639 463, 009 1, 371, 652 1, 1 16, 259 937, 748 34, 627 24, 109 13, 674 13, 933 10,069 2, 991 12, 849 330, 229 306, 559 394, 812 399, 677 430, 673 451, 395 458, 971 451, 944 459. 483 463, 763 471, 834 3, 474, 291 1, 187, 587 1, 211, 174 1, 177, 627 1, 086, 042 1, 099, 374 1, 162, 662 53, 096 36, 061 39, 522 54, 368 55, 827 57, 678 424, 187 422, 347 457, 732 493, 650 482, 758 423, 993 444, 856 506, 478 524, 194 428, 688 1, 115, 375 1, 080, 026 1,026,246 1,041,774 489, 487 ^53 618 498, 442 497, 087 446, 066 425, 106 474, 239 501. 153 467, 704 429, 608 435, 272 500, 862 1,103,887 1,123,581 1,150,976 1, 163, 231 May.. June July August ., 483, 872 459, 378 471, 480 488, 035 481, 403 461, 944 473, 900 489, 390 477, 918 455,. 554 498, 055 501, 976 1, 1, 1, 1, September October November December 481, 936 484, 840 423, 026 448, 825 491, 568 496, 022 469, 155 452, 165 501, 395 511,706 494, 812 416, 635 _ $23. 04 21 37 20 29 22. 64 31.54 33. 76 55. 00 I 322, 157 364, 730 355, 358 37, 602 37, 936 51, 225 43, 165 51, 877 50, 659 14, 371 31, 479 40, 427 28, 897 29.92 11.83 15. 25 19.42 17.25 17.25 34, 230 32, 107 11,245 7,228 12,616 14, 237 14, 730 12, 866 74. 53 ! 33, 514 35. 98 30, 164 45. 46 52, 543 47.70 48,257 41.89 i 49, 144 54, 1SS 40. 49 29, 791 29, 052 52, 496 48, 539 49, 337 49, 891 380, 351 297, 738 435, 673 508, 789 488, 831 543, 966 334, 915 298, 506 409, 224 515, 951 497, 747 558, 067 57, 130 59, 707 47, 309 66, 539 7,763 13, 414 9,671 16,580 39. 92 40.31 42. 48 44.42 49, 518 51,849 58, 821 43, 841 44, 191 56, 042 53, 844 44, 919 480, 326 542, 996 515. 690 446, 752 488, 383 503, 156 465, 106 455, 258 517, 033 637, 898 566, 274 54, 777 45, 489 46, 124 39, 931 32, 766 39, 092 23, 758 25, 357 16.00 16.50 16. 50 16. 50 50, 127 57, 304 61, 439 77. 831 8, 056 17, 291 19,219 17,723 46. 47. 46. 45, 4 i , 4 26 55, 622 56, 231 54, 012 44, 639 53, 844 56, 217 56, 812 507, 185 524, 643 525, 986 539, 415 521, 505, 519, 577, 062 842 271 018 468; 239 490, 174 559, 112 592, 685 52, 853 32, 850 60, 446 52, 572 22, 358 21, 590 40, 783 32, 932 19. 50 18. 50 18.50 17.50 617 431 859 800 70,117 64. 001 65, 871 40, 029 18,058 9, 436 16, 040 10, 381 45. 06 55, 853 44. 14 57, 799 44. 66 | 39, 305 45. 31 ! 61,033 52, 227 51, 702 43, 729 53, 018 533, 729 571, 198 483, 012 559, 559 573, 884 612, 829 561, 798 553, 740 553, 292 594, 028 582, 837 589, 104 41, 987 63, 976 41, 715 34, 298 16, 880 33, 408 20, 216 22, 298 17.50 16. 50 16.50 17.50 1, 181, 906 1,199,328 1, 152, 743 1, 165, 620 43, 993 48. 932 60, 232 51, 627 10, 723 9, 343 8,102 10, 024 46. 42 47. 41 48.27 49. 83 55, 979 51, 352 51, 100 48, 076 568, 960 600, 295 584, ISO 526, 434 575, 600, 526, 568, 564, 484 549, 264 621, 782 588, 657 49, 225 61,457 38, 683 77, 840 27, 078 34, 014 25, 678 49, 523 16.50 16,50 16.50 15. 50 152, 184, 189, 183, 95 32 88 67 03, 62, 58, 44, 501 538 240 688 227 743 881 512 416, 088 510, 318 509, 871 561, 805 | i i 1 $9. 21 7.92 7.88 10.38 15.88 IS. 25 25.42 56, 203 46, 848 23, 299 23, 240 23, 647 22, 700 25, 095 349, 511 376, 882 373, 263 1926 Januarv February March April Mav June_._ Dolls. ! per i Mft. ! b. m. Thousands of feet, board measure Mft. b. m. S9 970 52 325 38. 353 40, 263 27, 3P9 24, 993 36, 481 1925 January February March April Exports 6 Price, ~ Pro- 5 JSfe, Order, • No. i, duetion Lum- Timber comber mon Dolls. Thousands of feet, board measure 1924 September October Nov ember December Shipments DOUGLAS FIR i The figures for southern yellow pine, except exports and prices, are computed data furnished by the Southern Pine Association. The method of computing is first to find the percentage relation between the actual production, shipments, and orders of the mills reporting and the normal production of these same mills. This per cent is then applied to the normal production of 192 mills. The average production in the first four months of 1916, 484,065,392 feet, is taken as normal production. There are no separate normals for orders and shipments since these two items must be governed by production. Assuming that the mills reporting are a good sample of the industry the resulting figures are equivalent to the actual production, shipments, and orders of the 192 identical mills, and hence a fair sample of the industry. The same procedure is followed for stocks except that normal in this case is 1,262,450,326 feet, the aveiage eiage stocks during 16 months endi ending April, 1916. The figures are based on actual reports from about 180 mills on production, shipments and stocks and from about 145 mills on orders. Monthly data for 1921 and 1922 appeared on page 59 of the October, 1923, issue2 (No. 26). Monthly data 1917 to 1920 appeared in April, 1923. issue (No. 20), p. 49. Exports of southern yellow pine lumber and timber from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 on lumber only are given in the December, 1923, issue (No. 28), page 56. Lumber exports comprise boards, blanks, and scantlings, rough and dressed, and exclude short leaf pine and 3all other not longleaf or pitch pine. Timber exports include both treated and untreated, sawed, and exclude logs and round timber. From U. S. Department of Labor, Bureau of Labor Statistics, and represent average weekly prices for yellow pine flooring, grading B and better, at Hattiesburg, Miss. 4 Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in nunber from 31 to 56. The computed figures given are obtained by first determining for a given month the per cent which the actual production is of the normal production of the identical mills reporting. This per cent is then applied to an arbitrary figure of 70.000,000 board feet, which represents the approximate monthly average normal production of the mills which reported in 19 19. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures. The resulting figures represent a computed production as of identical mills for each month. The figures are of the same order of magnitude as the actual reported production and shipments, but avoid the rather wide variations due to different mills reporting in different months. 6 The figures of production, shipments, and orders of Douglas fir were obtained by applying the percentage figures of actual production, shipments, and orders to normal production of reporting mills as supplied by the West Coast Lumbermen's Association to the actual production of 124 mills for May, 1920. The production in that month was 447,647,540 board feet and has averaged about 75 per cent of the total production of Douglas fir lumber in the United States. Monthly production data for the period 1917-1921 appeared in the December, 1922, issue (No. 16), page 49. 6 Export figures are from U. S. Department of Commerce, Hureau of Foreign and Domestic Commerce. Monthly data from 1921 for both lumber and timber appeared in the December, 1923, issue (No. 28), p, 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, while timber exports include treated and untreated, sawed, excluding logs and round timber. 7 Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent averages of weekly prices for the State of Washington. 63 Table 39.—MISCELLANEOUS SOFTWOODS WESTERN PINE* YEAH AND MONTH CALIFORNIA WHITE PINE 2 [ I ProShip- Stocks, di uc- | ments end of i month tion Lath 1Dumber Production Shipments ! Stocks, end of month Pro- Ship- Orders duc- ments duel retion ceived tion Thousands of feet, board measure ! 1917 monthly av . .! 1918 monthly av_... 1919 monthly av.... 1920 monthly av.__. 1921 monthly av.... 109.357 H0.423 113, 424 97, 784 113, 794 109, 032 134, 467 110,697 74, 437 76, 840 881, 924 1, 063, 658 52, 561 48 263 58, 368 39, 110 1922 monthly av 1923 monthly av 1924 monthly av.__. 1925 monthly av 120, 689 145, 916 137, 661 150, 333 791, 461 914, 376 1, 033. 833 980. 274 66, 387 101, 876 96, 061 116,576 128, 606 129, 140 135,251 13S, 108 | 45, 784 61, 972 76, 765 106,570 Shi °r ments Thousands i 31,900 | 265,113 37, 284 287, 645 | 36,036 ! 267,276 40 273 29, 114 370, 303 34, 204 382, 216 494, 177 568, 840 567,021 ! 44, 512 51, 460 42, 959 -46, 599 CALIFORNIA REDWOOD 5 NORTHERN HEMLOCK * NORTHERN PINE a : Production *-tion £*«!& menls Ship- Orders rements ceived Thousands of feet, board measure | 50, 139 27, 768 48, 357 46, 346 44, 621 45, 204 49, 033 41, 018 44, 406 41, 127 9,581 8,669 6, 357 9,882 35 327 33, 643 30, 056 27, 290 16, 986 12, 574 13, 290 10, 825 12, 110 11,097 12, 292 11,796 9,550 23, 483 26, 059 20, 416 21, 166 33, 169 37, 974 37, 051 19, 431 18, 435 37, 460 36, 404 44, 243 38, 618 28, 547 32, 759 35, 337 28, 441 28, 745 39, 934 30, 576 29, 472 26, 088 25, 351 18, 920 18, 082 49, 035 53, 240 48, 136 43, 294 44, 010 49, 208 37, 583 38, 785 47, 805 46, 861 38,129 38, 285 j | 1923 September October November _ December 158, 103 165 285 146, 871 91, 771 116, 224 141 918 120, 443 111,681 1. 035, 332 1,058,585 1, 080, 360 1, 027, 497 136, 178 144. 424 95, 254 54, 915 62, 360 71, 821 60, 851 56, 302 592, 114 654, 668 628, 591 640,991 i 57, 379 48, 037 22, 350 28, 207 47. 492 52, 326 44, 251 33, 265 47, 046 54, 037 38, 052 34, 073 14, 472 12, 131 5,163 6,928 13, 306 15, 257 7, 156 5,736 29, 293 24,711 17, 288 18,710 24, 743 26, 260 24, 613 18, 249 51,625 54, 774 69, 238 39, 785 50, 026 37, 599 52, 056 39, 522 42, 148 38, 921 41, 744 29, 192 1924 January Februarv March \pril 74, 101 102, 830 148, 073 172 185 127, 838 141 009 134, 880 130, 222 966, 689 929 473 936, 050 974, 168 16, 576 37, 163 55, 151 108, 329 52, 381 63, 171 63, 8S3 66, 798 470, 725 528, 127 462, 311 496, 003 37, 552 36, 347 36, 638 52, 718 41,720 46, 406 49, 905 42, 856 51, 453 45, 164 53,315 48, 918 8,979 8, 899 8,906 12, 578 9, 106 12, 105 12, 968 15, 098 16, 528 18, 765 18, 002 19, 800 17, 951 19, 136 19, 710 IS, 821 38, 673 44, 367 62,367 51,966 36, 997 38, 847 49, 525 38, 462 40, 773 38, 040 52, 597 30, 286 August 180, 985 161 669 146,110 159,877 131, 412 124 385 125, 561 147, 774 1,016,922 1, 057, 528 1, 068, 266 1, 077, 246 131, 127 133, 740 136, 499 147, 177 60, 352 64, 042 79, 035 89, 377 483, 814 538, 991 608, 260 643, 786 59, 360 58, 662 52, 267 54, 068 40, 405 40, 036 45, 758 46, 403 32, 322 33, 783 41, 053 52, 188 14, 092 14,625 13,328 14, 675 ! 11, 494 { 22,704 16, 050 27 377 14, 849 25,177 16, 515 22, 982 20, 951 23, 255 17, 505 17,884 62, 021 46, 289 34, 303 58, 199 41, 764 29, 525 25, 099 43, 116 33, 98?] 28, 484 24, 622 46, 645 September October November December 145, 737 147, 659 120, 413 92, 278 141,636 144, 203 125, 977 148, 118 1, 081, 443 1, 128, 395 1, 116, 779 1, 053, 038 142, 294 126,115 78, 753 39, 813 104, 829 102, 239 89, 684 85, 378 659, 335 673, 923 630, 653 630, 157 56, 369 41,333 9, 185 21, 007 51,466 52, 985 38, 529 38, 984 42, 313 39, 696 41,976 50, 693 13, 290 12, 381 2,314 5,831 12, 567 10, 108 5,957 4,736 22, 1 55 21, 293 12, 159 17, 964 18, 368 20, 373 17,191 15, 899 | 32, 907 44, 532 53, 507 50,503 36, 610 32, 755 41, 104 37, 195 33, 631 35, 099 43, 684 44. 695 1935 January February March \pril 77, 994 96, 184 145, 951 164, 584 133,718 120, 398 129, 019 136,212 899, 658 867, 676 881, 684 903, 535 34, 979 32, 614 64, 884 98 551 84, 316 76, 820 88,417 84, 377 550, 925 495, 533 467, 330 458, 791 33, 414 33, 905 41,512 59, 332 44, 457 39, 466 37, 389 41, 929 40, 527 35, 650 32, 486 39, 856 8, 943 9, 301 10, 781 13, 526 6,566 7,333 9,357 8,538 18, 664 14, 095 16, 674 10, 156 17, 455 13, 648 14, 049 15,819 43, 385 41, 822 51, 409 39, 584 36, 246 40, 085 40, 904 34, 770 40, 618 35, 194 40, 990 36, 825 A! ay June July August. . 177, 055 180, 919 179, 4^8 179, 044 145, 562 149, 624 154, 981 160, 097 927, 799 964, 260 996, 619 1, 006, 021 133, 818 165, 516 166, 656 173,70! 107, 745 107, 911 115, 795 125, 582 493, 023 545, 982 584, 721 619, 829 61,906 66, 200 64,313 63, 407 44, 368 46, 265 49, 534 53, 065 38, 636 38, 622 48, 928 53, 152 16, 237 17, 978 18, 397 15, 356 12, 403 11, 989 14, 576 11, 144 12, 338 18,313 24, 298 33, 923 21, 323 18,417 20, 154 20, 890 41, 933 49, 544 37,416 47, 182 39, 992 41, 754 32, 025 47, 941 34, 176 42, 978 29, 414 46, 571 173, 285 175, 843 _ _ _ 146, 362 107, 306 151, 440 140, 480 114, 009 121, 752 1, 037, 717 1,071,835 1, 102, 368 1, 104, 113 167, 244 164, 357 118, 200 78, 393 129, 970 145, 665 111, 359 100, 883 641, 152 659,855 644, 318 642, 798 45, 825 38, 491 15. 286 35, 591 50, 465 55, 485 43, 908 36,119 42, 984 49, 856 36, 018 36, 798 12, 144 9,284 4,118 9,254 11, 194 9,881 6,735 4,884 29, 207 28, 500 21, 198 26, 628 19, 265 21, 622 18, 070 16, 276 39, 451 44, 089 36, 897 46, 810 38, 620 36, 641 38, 216 38, 225 32, 391 38, 328 37, ^03 44, 837 May Jlllv _. September October November _ December 1926 January February March .__ April.. i __ 1 May June _. | 1 i Compiled by the Western Pine Manufacturers' Association, the actual data being computed to comparative bases through percentages of normal production for the mills reporting in each period. The normal monthly production covers 54 mills with output of 148,000,000 board feet in the earlier years, gradually reduced to 42 mills with normal output of 136,800,000 feet in 1925, and is estimated to represent 70 per cent of the output of the western pine territory throughout most of the period owing to the decrease of the total number of mills in business. Monthly data covering the period 1917-1921 appeared in the April, 1923, issue (No. 20), p. 49. 2 Actual figures reported by about 20 mills each month to the California White and Sugar Pine Association; the number of mills varies from 13 to 26. 3 From the Northern Pine Manufacturers' Association, and includes reports from some 24 mills, both member and nonmember, located chiefly in Minnesota. The number of mills has gradually declined and from 15 to 17 reported in 1925. Monthly data on production and shipments from 1920 appeared in September, 1922, issue (No. 13), 4p. 48. Compiled by the Northern Hemlock and Hardioood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from 60 to 75 mills each month. Yearly averages covering the period 1913-1916 were shown in the August, 1924, issue (No. 36). The 1913 monthly averages on which the relative 5numbers were based are 37,664,000 and 36,442,000 board feet, respectively, for production and shipments. The California Redwood Association has furnished to the Bureau of the Census the figures on the actual production, shipments, and orders received by 7 identical mills for each month of 1918, 1919, and 1920. These 7 mills represent 40 per cent of the capacity of all listed mills for these years. For the first 4 months of 1921 reports were furnished from 10 mills representing 56^ per cent of the capacity of all listed mills. For the remaining months of 1921 reports are available from 11 mills representing 71 per cent 9f the total listed capacity, and for 1922 to 1924 from 14 mills representing 73 per cent, and beginning with 1925 from 15 mills representing 79 per cent of the total listed capacity. The actual average monthly production of the 7 reporting mills for 1918 was 14,984,000 feet. On the basis of 40 per cent capacity, the 1918 average monthly production of all mills is computed as 37,460,000 feet. Regarding this as normal production, there has been computed the probable production of the total redwood capacity based on the proportion which capacity of the reporting mills bears to the total of all mills. The columns on shipments and orders received represent a similar relationship between the actual reported figures and the total capacity of all mills. 64 Table 40.—HARDWOODS WALNUT 3 ALL HARDWOODS If j Total stocks i YEAR AND MONTH i Unsold stocks 1 Unfilled orders l 1 Total hardwoods Gum Oak Total hardwoods Gum , 1 Total hardwoods Oak Gum Oak Lumber Production 2 (computed) Ship- New 2 ments 2 orders (com- (computed) puted) Logs Made into St'ks Stocks Pur- lumon chases ber on ment s tion " hand and hand i veneer Pro- eKjj,. Thousands of feet , board measure i M feet, log measure i 1922 mo. av 1923mo. av_ 4 492,159 * 145,024 * 173,012 * 392,818 4 111,097 4 143,854 * 134,608 4 47,020 4 39,530 1924 mo. av. 5 555,276 5 174,425 s 191,629 3434,137 5 134,413 5 150,528 5 139,712 « 48,029 s 45,952 1925 mo. av. 763,233 234,025 245,086 616,003 182,308 197,030 168,485 57,645 54,063 s 72,000 5 87,000 « 94,000 1,807 2, 538 3, 529 3,830 1, 927 2,391 3, 144 3, 477 10, 214 8,153 11,463 19, 282 1923 May June July August 2, 799 2, 812 2. 785 2, 200 2, 535 2,293 1,889 2,097 2, 2 3, 2 213 578 009 730 438, 779 479, 079 503, 889 512, 603 126, 326 139, 601 143, 992 150, 854 153, 164, 173, 177, 324 430 410 805 345, 317 389, 352 406, 550 408, 092 97,711 109, 619 113, 458 118, 351 149, 343 136, 414 143, 391 144, 667 127, 127, 123, 129, 373 325 886 831 40, 283 42, 144 41, 320 42, 149 41, 522 34, 699 | 35, 853 ' 38, 340 September. 507, 794 502, 099 October November _ 535, 871 December.. 153,490 143,714 157, 260 175, 383 176, 970 189. 759 396, 997 389, 958 413, 461 115,661 10S, 117 114, 761 139, 326 140, 534 153, 300 137, 720 142, 079 154, 040 52, 393 50, 799 60, 053 41, 127 41,819 43,349 | I 1,400 1,327 2,410 2,114 2,641 2,727 2,958 3,011 2,087 3,282 3,106 4, 158 7,355 7,871 8,450 8,553 2,647 2,524 2,190 2,316 2,384 2,405 2, 501 1, 905 3,395 3,658 2, 934 3,332 2,039 2,378 2, 623 2,060 7,943 8,121 8,506 9,143 1,830 2,298 2,618 2,579 1, 905 2, 229 2,342 2,083 3, 368 3, 441 3, 895 4,426 2, 561 2,702 3, 078 3, 704 3,088 3,568 3,246 3,285 8,646 7,819 7,751 8,167 2,308 2,383 2,108 2,756 2, 122 2,235 2,852 2,502 3, 634 3, 782 3. 060 3,312 2,428 2,647 2,409 2,742 9,355 10, 168 12, 885 13, 813 3,339 2,443 2,256 2,061 2,880 2,573 2,521 2,544 3,801 3,694 2,910 2,419 j 1924 J nnuary February-March A.pril •| i! !i May June. _. .. July . . 424, 175 477, 002 August 134, 261 151, 218 152, 555 163, 697 325, 652 355, 698 102, 204 114, 594 121, 337 117, 002 118, 285 137, 563 41, 044 44, 138 34, 144 51, 143 3, 647 3 375 3, 736 3,660 September _ October November _ December.. 546, 563, 653, 666, 242 759 653 825 169, 421 174, 274 202, 489 214, 889 188, 193, 222, 227, 942 997 837 743 428, 003 455, 080 516, 247 524, 142 128, 518 138, 168 157, 123 165, 871 151, 159, 173, 180, 132, 123, 158, 167, 838 485 179 924 46, 633 41, 546 54, 135 60, 677 42, 753 39, 738 54, 927 53, 004 3, 648 3, 990 3, 990 4,256 3,255 3,889 3,352 3,818 13, 605 14, 556 15, 176 15, 614 2,543 3,345 3,243 2,902 2,746 2,997 3,731 3,017 2,348 2, 695 2,931 2, 686 1925 January February __ March April 665, 144 689, 384 733, 351 775, 221 214, 750 219, 501 228, 110 289, 563 225, 227, 247, 258, 734 670 669 294 529, 554, 598, 646, 169, 176, 185, 199, 712 546 891 413 180, 321 182, 678 200, 1 16 215, 122 159, 337 153, 680 150, 027 148, 068 54, 927 49, 569 47, 836 49, 740 50, 743 49, 851 51, 497 48, 102 4, 650 4,056 4, 336 4, 017 4,182 3,825 3,654 3,341 16, 709 17, 085 17, 476 18, 232 3,205 3,472 3,679 3,862 3,073 3,208 3, 441 3,465 3, 356 4,002 4,281 4,678 May June July August 775, 695 796, 324 802, 349 781, 610 241, 714 241, 912 242, 377 231, 784 251, 129 253, 228 252, 198 242, 544 638, 391 658, 998 653, 174 635, 618 194, 168 197, 199 196, 281 184, 084 206, 650 210, 831 201, 981 194, 514 157, 775 156, 356 169, 152 171, 277 56, 749 53, 542 52, 736 58, 245 49, 957 47, 226 57, 236 56, 862 74, 000 72, 000 73, 000 86, 000 83, 000 91, 000 4, 132 3, 589 3,873 3,491 3,029 3,119 2,940 3,237 19, 332 19, 515 20, 736 20, 898 3, 552 2,921 2,880 2, 637 3,496 3,261 2,656 2,637 4,734 4, 374 4,599 4, 599 SeptemberOctober November _ December _. 761, 818 783, 401 788, 180 806. 346 222, 577 226, 808 225, 087 224, 112 228, 742 243, 417 249, 340 261,070 608, 554 619, 997 613,814 635, 176 171, 838 170, 786 168, 829 172, 966 178, 850 193, 980 195, 297 204, 024 176, 217 188, 400 207, 561 204,077 60, 712 67, 143 72, 354 68, 188 56, 688 55, 712 61, 572 63,312 78, 000 73, 000 65, 000 68, 000 83, 000 96, 000 93, 000 98, 000 96, 000 107, 000 92, 000 90,000 3,363 3,243 2,979 4,229 3,287 3,066 3,813 3,870 20, 688 20, 858 20, 024 19, 831 2,897 1,842 2, 121 2, 430 2, 879 2,378 2,361 3,281 4,770 3, 930 4,000 2, 569 i 515 280 267 255 052 771 532 474 1926 January February.. March April May June . . __ [j 1 ! 1 i 1 j i 1 Compiled from reports of the Hardwood Manufacturers' Institute, covering tmrdwood mills throughout the country; further details as to sizes, species, and geographical distribution are given in the regular reports of thenot; institute. The figures are all given as of the end of the month reported (original data being given as of the first of the following month). Collection of these data was undertaken from December, 1923, through June, 1924. From July through October, 1924, the number of production units reporting on stocks and unfilled orders is considerably less than in the other months, ranging from 116 in July to 157 in October, but in most other months about 200 units reported. A single band mill is considered one unit of production. 2 Data on production, shipments, and new orders are reported by from 100 to 135 units each week to the Hardwood Mnaufacturers' Institute, the monthly data being computed by applying the percentages of normal production calculated by the association for every four or five weeks' period to an average normal output of these mills of about 100,000,000 feet per month. These figures thus represent only about two-thirds as many units as the data on stocks and unfilled orders. 3 Compiled by American Walnut Manufacturers' Association from reports of identical firms representing from 50 to 60 per cent of the walnut lumber industry. 4 Seven months' average, May through November, inclusive. 3 Six months' average, July to December, inclusive. 65 Table 41.—WOODEN FURNITURE, PLYWOOD, AND HARDWARE HOUSEHOLD FURNITURE AND CASE, GOODS i YEAR AND MONTH Unfilled orders Shipments end mo. PIANO BENCHES AND STOOLS2 New orders 1 (value) NORTHERN HARDWOODS5 PLYWOOD Shipments Unfilled orders (value) Value Pacific fT BookShip- *f1n- Coast 3 ings m nts Quan« 'o™«*»ft£: tity Production SOUTHERN CYPRESS e | Produc- Shipments Shipments tion New Unfilled orders, orders end mo. i Value, average per firm, dollars Number of piecesj Dollars Thous. of sq. ft. of surface i ! 1913 mo 1914 mo 1915 mo 1916 mo 1917 mo 1918 mo 1919 mo av av av av av av av j 28, 318 31, 034 24 755 i j J i | ! $158, 311 Thous. of ft. b. m. $204, 688 $147, 799 25, 296 31, 061 29, 241 32, 732 25, 390 19, 911 22 067 26, 041 30, 105 27, 813 33, 328 34, 206 27 838 26, 500 37, 397 33, 352 32, 700 27, 509 19, 067 34, 204 38, 852 28, 533 9Q 202 — i 1920 mo. av__ $40, 266 $128, 088 1921 mo. av__ 23, 949 28, 812 1922 mo. a v _ _ 29, 883 45, 005 1923 mo. av_. 37, 882 56, 317 1924 mo. av__ 36, 950 46, 287 1925 mo. av__ 45, 742 52, 471 135, 781 74, 969 86, 476 110, 133 88, 366 89, 407 169, 616 46, 448 61, 808 93, 673 34, 797 26, 057 146, 646 71, 067 84, 276 109, 750 89, 732 86, 194 12, 465 10, 149 13, 689 16, 540 1931 January February March \pril 30, 596 56, 163 37, 812 34, 533 52, 964 52, 143 43, 231 34, 193 97, 739 103, 666 86, 977 76, 366 56, 070 57, 974 42, 713 33, 927 90, 923 101, 165 94, 543 84, 691 13, 839 14, 598 14, 358 11, 918 43, 525 51, 576 51, 907 52, 249 28, 319 35, 592 34, 459 28, 070 Ivlay June July August 28, 781 26, 820 29, 813 36, 413 34, 042 46, 881 48, 164 64, 472 65, 152 54, 560 64, 952 16, 575 22, 360 18, 464 26, 080 71, 384 68, 624 50, 960 57, 112 10, 438 10, 497 8,194 37, 642 35, 185 27, 392 23 952 24, 730 25, 328 22, 475 26, 625 September _ _ . October November December 44, 113 43, 208 38, 121 37, 024 54, 805 54, 583 57, 133 45, 592 115, 352 120, 088 109, 096 101, 968 43, 296 40, 120 39, 528 20, 456 98, 000 123, 008 116, 728 119, 640 16, 818 19, 751 18, 356 19, 167 19, 732 14, 430 15, 713 26, 923 30, 286 32, 856 26, 835 26, 820 1935 January February March April 34, 775 35, 302 42, 907 37, 154 55, 813 47, 976 45, 037 36, 990 83, 488 81, 304 83, 288 70, 600 24, 496 23, 992 19, 592 16, 736 78, 928 81, 688 87, 344 73, 240 13, 327 13, 548 47,411 12, 457 3,611 4 688 44, 894 47, 186 44, 732 29, 117 23, 913 25, 481 i 22 176 ? 34, 135 7 31,432 May 841,637 8 33, 916 June July . .. 8 44. 700 8 53, 420 8 53, 940 8 63, 030 August 68, 032 68, 240 68, 888 79, 432 19, 792 18, 864 21, 256 26, 440 64, 720 52, 736 66, 976 71, 392 11, 307 11, 689 10, 638 11, 863 3, 678 3, 855 4,457 5, 014 3,980 2,256 ! 4,420 4,440 4, 124 ! 5,003 4, 179 6, 417 ! 5, 809 41, 443 41, 299 26, 223 20. 811 20, 884 26, 282 28 909 35, 640 September. _ _ s 62, 301 * 69, 157 • 60, 852 773,625 October 7 November 55, 681 7 73, 449 ' 45, 5187 55, 809 December 121, 048 131, 920 114, 552 102, 032 40, 648 44, 440 42, 272 14, 160 105, 800 115,024 109, 608 126, 872 17, 789 20, 963 19, 474 20, 885 4, 571 5, 512 4, 974 4, 832 6, 628 7, 518 4,933 5,214 7,657 j 5,200 15, 399 25, 175 15, 735 22, 098 29, 508 39, 979 35, 261 33, 269 31,741 1936 January February March April i 1 | 1 9,698 ! 1 1 15,810 4, 165 7, 471 7, 496 | j 1 i | 26, 572 30, 097 28, 403 24, 783 25, 920 27, 390 27, 162 25, 101 27, 410 27, 574 27, 106 29, 466 31, 022 35, 575 25, 596 30, 979 37, 800 1 ! May June i | 1 13,969 \ 14,979 ! | 1 1 Combined figures representing average shipments and unfilled orders per firm from reports of 50 identical firms of the National Association of Chair Manufacturers, from 42 to 58 firms of the Southern Furniture Manufacturers' Association, and about 100 firms of the National Alliance of Case Goods Association. Data from the National Association of Chair Manufacturers were discontinued after May, 1925, while those of the National Alliance of Case Goods Associations were not collected from June through September but on an average per firm basis, the data are still quite comparable. 2 Compiled by the National Association of Piano Bench and Stool Manufacturers from concerns estimated to cover about 80 per cent of this industry. Reports are from 14 firms in July, 1917, gradually decreasing until only 8 firms reported in 1923 and 1924. The figures are strictly comparable, however, as the 6 firms which ceased reporting went out of this line of business. Monthly data from 1917 to 1923, appeared in the June, 1924, issue (No. 34), p. 57. 3 Compiled by the Plywood Manufacturers' Association from reports of 20 members (only 18 members in April), of which 2 or 3 report on shipments only. These data represent the business of building up veneers into plywood of from 3 to 8 thicknesses. Details as to kinds of wood and nature of cores are shown in the Association's report. 4 Compiled by the Pacific Coast Manufacturers1 Association from reports of 6 mills. 6 Data from Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills. These figures represent actual reports from 60to 75 mills each month. The hardwoods cut are mostly maple, birch, and beech. fl Computed from weekly reports of the Southern Cypress Manufacturers' Association, covering from 12 to 18 companies each week and prorated to a normal weekly capacity of 6,258,283 feet, the overlapping weeks in each month being also prorated to obtain a monthly figure. 7 Average of two associations only. 8 Average for one association only. 79396°—26 5 66 Table 42.—TOTAL LUMBER AND FLOORING Retail yards, 9th Fed. Res. Dist.s ProducExports * tion^ YEAR AND MONTH Sales Stocks Thousands of feet, board measure OAK FLOORING 6 MAPLE FLOORING^ LUMBEK-Ail species Composite prices 4 Ship- Stocks, Orders Unfilled ProShip- Stocks, Proend of Orders Unfilled end of Hard- Soft- duction ments month booked orders duction ments month booked orders woods woods Dollars per thousand feet, board measure Thousands of feet, board measure 1909-13 mo. av 2, 197, 334 1914 mo. av_- 2, 102, 537 1915mo.av__ 2, 086, 531 1916mo.av_- 2, 262, 175 1917 mo. av_. 2, 141, 144 1918mo.av_- 1, 874, 419 178, 398 216, 037 149, 146 93, 947 91, 208 84,971 85, 314 2, 069, 522 2, 059, 875 1, 762, 264 2, 270, 551 2, 495, 261 2, 418, 838 2, 618, 828 109, 268 129, 280 100, 401 127, 743 146, 071 161, 500 161, 687 June __ __ July August 2, 635, 982 2, 410, 954 2, 237, 900 2, 531, 675 157, 769 138, 792 156, 703 150, 904 September -_ October November.. December. _. 2, 439, 220 2, 509, 998 2, 304, 835 2, 153, 206 1913mo.av_- 1919mo.av_. 1920mo.av__ 1921 mo. av— 1922 mo. av— 1923 mo. av.. 1924mo.av__ 1925 mo. av__ 1924 May. i 4,572 6,675 7,464 9,205 11, 563 11, 120 4,858 4,572 6,009 6,877 8,894 11,470 10, 446 5, 537 12, 171 10, 544 15, 877 17, 158 22, 489 25, 652 25, 680 4,719 6,104 7,419 9, 525 11, 429 8,956 4,781 6,290 7,285 7, 578 7,547 16, 124 20, 074 7,270 $40. 33 46.72 43.11 41.72 $48. 98 27.42 30.79 33.86 30.95 30.71 10, 039 10, 383 8,378 11,479 11,734 8,603 8,826 11, 848 8, 259 8,121 11,934 11,805 7, 865 8,428 15, 448 15, 963 30, 749 28, 040 21, 343 23, 880 26, 979 14, 163 5,106 8,991 12, 194 11, 085 8,085 8,360 38, 289 26, 723 10, 193 20,311 26, 804 12, 347 10, 117 10, 101 10, 745 12, 411 22, 877 30, 103 34, 843 43, 167 11, 070 7,800 13, 595 23, 945 28, 878 35, 306 42, 825 14, 431 25, 859 32, 875 23, 006 33, 609 43, 773 47, 104 11, 782 6,343 14, 058 23, 723 28, 313 35, 900 38, 494 15, 035 11,324 12, 003 33, 052 44, 258 46, 562 52,031 118, 935 116, 751 114, 887 111, 822 44.67 42.53 42.12 41.77 31.34 29.97 29.31 29.82 8,349 7,492 7,604 7,471 6,472 7, 425 7,546 8,369 25, 243 25, 406 25, 557 23, 949 4,769 6,436 7,331 9,453 10, 736 9,596 9,074 10, 090 37, 769 32, 935 34, 057 35, 180 38, 185 33, 713 36, 814 39, 574 49, 706 50, 189 48, 842 45, 136 30, 853 30, 824 43, 080 48, 847 41, 164 36, 093 41, 842 50, 262 20, 999 18, 643 17, 525 9,182 115,453 104, 906 91, 541 96, 516 41.90 42.19 42.59 42.63 30.27 29.79 30.21 30.96 6,682 7,707 7,946 10, 034 8,374 7,761 7,284 6,935 22,440 23,073 22, 931 25, 992 7,553 6,864 8,366 10, 652 9,237 8,124 8,859 12, 735 36, 125 42, 253 37,064 36, 975 38,011 42, 497 35, 721 34, 642 42, 564 41, 105 41, 795 43, 823 33, 833 34, 657 46, 103 39, 887 45, 368 36, 005 47, 883 53, 295 150, 950 136, 124 176, 935 183, 701 8,128 8, 194 11,334 17, 690 111, 707 116,433 119, 327 118,088 43.49 44.23 43.78 42.92 31.44 31.68 31.63 31.41 9,967 8,438 8,640 8,224 7,523 7,604 7,513 7,562 28, 214 28, 481 29, 110 29, 775 8,866 7,142 5,602 5,573 12, 755 12, 559 11, 225 9,358 41, 768 38, 245 41,611 43, 473 34, 812 34, 904 40, 564 44, 432 50, 925 52, 804 52, 623 51, 702 33, 794 33, 539 35, 956 43, 326 53; 772 52, 626 46, 902 47, 349 2,682,113 2, 745, 777 2,563,211 2, 800, 999 160, 258 183, 170 158, 369 132, 089 21, 084 24, 961 23, 621 22, 545 115, 605 113, 577 114,887 119, 294 41.43 40. 9440.22 40.16 30.84 29.93 29. 85 30. 15 7,687 7,600 7,962 8,325 7,399 8,353 10, 167 10, 567 29, 165 28, 504 26, 399 24, 115 7,413 9,244 12, 172 11,534 8, 752 9,498 11,012 11, 136 41, 329 41, 692 44, 026 46,282 42, 104 43, 699 48,029 48, 948 51, 254 53, 494 45, 155 41, 082 43, 372 46, 003 49, 904 54, 372 50, 862 50, 092 53, 740 59, 844 2, 738, 842 2, 835, 311 2, 476, 262 2, 403, 748 138, 044 170, 376 148, 858 201, 369 20, 999 20,978 17, 851 9,323 115, 453 104, 722 98, 345 100, 181 40.58 40. 54 41. 67 41.69 30.35 30.35 30.59 30.34 9,292 10, 720 9,084 9,984 10,704 9,439 7,445 6,855 22, 750 23,728 25, 072 28,440 9,766 7,916 6,340 8,749 9, 980 8,219 7,829 9,076 45, 922 49, 498 41, 947 42, 206 45, 630 49, 686 39, 276 41,816 38, 372 39, 921 43, 204 44; 715 39, 968 40, 094 41, 594 47, 300 52,729 44, 793 50, 565 61, 103 $30, 995 7 215, 564 203, 175 16, 786 153, 155 13, 838 15, 496 126, 744 14, 651 127, 719 13, 403 111, 606 112, 302 17, 226 12, 954 15, 803 16,815 17, 359 159, 613 157, 877 176, 055 160, 298 2, 462, 094 2, 407, 740 2, 647, 420 2, 662, 413 1925 January February March April May. June July... August _ September. . October November.. December..- 1936 January February March.. April Mav ! ; June , beech, white fir, and sugar pins—representing over 70 per cent of tlie total cut of lumber in the United States. Annual figures for 1913 and 1914 are from actual reports to the U. S. Department of Agriculture, Forest Service, and from 1915 through 1920 are computed on the basis of actual reports to the Forest Service. Monthly figures for 1920 are obtained by prorating the cut of each species as reported by the associations whose figures are carried on these columns to the Forest Service total. For subsequent months prorating is done on an approximate average for the years 1917 to 1920. 2 Exports consisting of boards, planks, and scantlings are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 3 Data compiled by the Federal Reserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing lumber through 588 yards in the Ninth Federal Reserve District; sales represent the total retail business reported by 21 companies operating 625 yards. Data for 1919 were estimated for a few companies on the basis of the correlation of reporting companies of 1919 and 1920. Monthly data from 1920 appeared in October, 1923, issue (No. 20), p. 59. * Composite lumber prices compiled from weekly data published in the Lumber Manufacturer and Dealer, representing combined weighted averages for the respective series of lumber, based on quotations on various grades for each species. The species are weighted according to annual production of the previous year, the w y eights changing about May of each year, when the new production figures are available. The softwood index is based upon 7 species: Yellow pine, Douglas fir, North Carolina pine. white pine, hemlock, spruce, and cypress. The hardwood index is based upon 13 species: Maple, birch, beech, basswood, elm, oak, gum, ash, cottonwood, chestnut, poplar, hickory, and walnut. Figures formerly published covered only first week of the month. * Data on maple flooring (including also birch and beech) are compiled by the Maple Flooring Manufacturers1 Association, said to represent about 70per cent of the industry. The data for the period 1919-1922 include reports from 20 identical mills; in 1923 an additional mill was included, while 3 mills ceased reporting at the beginning of 1924. In July, 1925, one other member was added, making a total of 19 reporting. Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 43. c Compiled by the Oak Flooring Manufacturers' Association from reports of 25 identical mills, said to represent about 90 per cent of the total oak-flooring industry. Monthly data from 1912 appeared in May, 1924, issue (No. 33), p. 36. ' Seven months' average, June to December, inclusive. 67 Table 43.—GLASS, OPTICAL GOODS, AND CHINA PLUMBING FIXTURES SPECTACLE FRAMES AND MOUNTINGS^ YEAR AND MONTH ILLUMINATING GLASSWARE 2 Actual ShipSales UnNet probilled filled orders duc- ments (value) orders tion billed Per cent of capacity Relative to 1919 1919 1920 1921 1922 1923 1924 1925 monthly av..__ 100 104 monthly av... monthly av... 73 82 monthly av... monthly av.__ 119 monthly av_._ 97 monthly av... « 91 1OO 114 51 41 83 43 834 e 35. 1 46.3 49.1 42.8 44.9 e POLISHED PLATE GLASS3 Net orders received Production 633.9 42.6 49.7 40.8 44.3 4, 465 6,390 7,422 7,629 7,469 83 77 58 46 41.5 46.0 50.5 43.7 51. 5 52.2 54.6 58. 1 41.8 45.3 44.6 39.7 7,603 7,424 8,280 8,361 May . June July August 90 82 45 70 32 23 25 30 39.9 40.1 33.6 38.1 39.9 35.4 25.1 28.4 38.1 36.0 29.0 37.8 8,203 7,313 6,920 6, 650 1 May _ June July August September _ October November December 8 7, 806 8 1, 695 Shipments • 4, 773 7 232, 573 7 244, 712 43 43 38 20 48.7 45.8 43.5 42.2 37.7 45.7 51.0 43.6 44.3 48.3 45.5 39.5 6,948 8,154 | 7,821 ! 7,878 ) 80 90 97 96 27 35 42 39 38.9 50.0 51.0 43.0 38.7 52.0 55.5 38.7 39.4 45.1 48.7 41.9 8,674 8,568 9,774 9,848 93 102 81 34 30 29 45.5 49.2 36.1 44.1 40.2 48.4 27.9 40.6 43.6 46.8 34.3 40.8 9,812 9,885 9,928 10, 328 45.9 50.6 47.3 37. 6 50. 1 51.0 46.1 48.1 47.8 51.9 47.3 44.4 10, 297 10, 714 9,889 9,506 ! -- " 199,909 2,312 2,378 2,052 1,760 2, 032 1, 922 2,001 7 360, 937 i 207, 977 2,202 7 449, 387 . ! I 1- Stocks, end mo. ::::::::::: j i Unfilled orders, end mo. Number of pieces j 85 110 87 87 1 6 1, 929 e 2, 236 125 128 139 115 1925 January February March April. mo. Net orders received Thousands of gross 1924 January Februorv March April September October November December Un- filled Stocks, Shipend ments orders, end mo. Production Thous. sq. ft. 32. 4 44.0 49.3 43.6 44.8 VITREOUS CHINA PLUMBING FIXTURES « GLASS CONTAINERS * 1,916 1,865 1,570 1,428 6,783 7,245 8,400 8,794 4,107 4,521 4,926 5,536 191, 831 221, 906 298,108 275, 710 266,987 277, 822 514, 062 444, 217 303, 271 308, 105 243, 246, 196, 236, 392, 533 367, 843 469, 361 508,308 323, 023 369,022 422, 373 439, 830 515 596 590 763 1926 January February March April May June I 1 ! Data from the Optical Manufacturers' Association, representing about 60 per cent of the industry. The figures were discontinued after July, 1925. Yearly figures from2 1913 to 1918 appeared in August, 1925, issue (No 48), p. 62. Data from reports of from 9 to 11 firms to the Illuminating Glassware Guild, estimated to represent from 70 to 75 per cent of the capacity of the industry, with capacity ranging from 4,500 to 7,000 turns per month. A turn is a four-hour working period for one shop. The association reports give details by classes of shades, reflectors,, bowls, and globes in number of turns. 3 Compiled by Plate Glass Manufacturers of America, comprising practically the entire industry. Monthly data for 1923 appeared in January, 1926, issue (No. 53), p. 23. 4 Data from the Glass Container Association, covering 41 manufacturers of glass containers of which 1 firm is missing in September. Details by classes are shown in the association's report. £ Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 35 manufacturers, covering almost all firms making vitreous chinaware which in regular practice is connected with a drainage system. The figures represent A grade or regular selection. Details by classes are given on press releases, showing also B grade or culls, the classification including siphon jets, washdowns, reverse traps, lowdown tanks, lavatories, and miscellaneous. Net orders received comprise total new orders less cancellations, while stocks show amount of finished glost fixtures on hand at the end of the month. 6 Eight months' average, May to December, inclusive. 7 Six months' average, July to December, inclusive. s Seven months' average, January to July, inclusive. 6 Four months' average, September to December, inclusive. 68 Table 44.—BUILDING BRICK, TILE AND TERRA COTTA Number 1919 1920 1921 1922 1923 1924 1925 mo. av mo. av mo. av mo. av mo. av mo. av mo. av Thousands of brick 57 23 20 20 17 251, 949 187, 856 224, 962 275, 946 1923 September. October NovemberDecember Dolls, Thous. of thous. sq. ft. per 129, 573 7 231,063 Stocks, end of Quan- Value month tity $15. 96 21.85 15. 25 17.36 19. 81 17.04 14.70 Average price 6 Thous. Thous. Dolls, per of dolls. of sq.ft. sq. ft. ARCHITECTURAL TERRA.. COTTA BOOKINGS ^ Quan- Value tity Short tons 5,252 5,629 5,930 FACE BRICK* Thous. of dolls. Shipments N. ¥.5 Shipments White wall tile UnBurned burned Shipments Wholesale I ProUnfilled price, ducorders tion red, Ceramic mosaic 1§ ** 1 YEAR AND MONTH Stocks, end of month i FLOOR AND WALL TILE 2 Production f COMMON BRICK i Un- St'ks, filled end orders, mo. end mo. Thousands of brick $652 895 743 1,163 1,348 1,288 1,686 591 691 666 727 511 616 616 660 1,544 1,740 1,576 1,736 859 1,244 956 966 46, 687 64, 918 56, 757 129, 024 344, 580 281, 735 279,504 68,597 158,524 281,917 20 26 39 30 307, 633 306, 922 334, 381 313, 696 143, 641 129, 310 80, 643 55, 646 20.00 8,604 132, 538 66, 199 356, 429 293, 177 276, 124 266, 914 19.00 18. 00 19.00 9,112 10, 233 12, 990 1,057 1,029 1,143 1,385 ! 713 755 656 595 638 731 545 377 1,348 1,409 1,451 1,662 1,064 1,039 899 755 1934 January February. March ,__ „ April 45 26 15 8 306, 503 282, 813 250, 118 238, 703 38, 349 39, 695 46, 226 58, 972 45, 762 104, 663 142, 197 169, 855 272, 403 286, 219 335, 926 382, 778 20.00 20.00 20.00 20.00 4,712 3,637 4,689 4,983 4,447 3, 500 3,961 May June July August 6 7 12 13 223, 458 258, 474 231, 182 70, 802 72, 725 86, 722 3, 945 3, 893 68,138 394, 156 366, 098 314, 588 256, 017 20.00 20.00 261,800 163, 298 158, 753 149, 622 120, 777 16. 00 13. 50 3, S62 September October NovftTTibftr December.. _ . 22 18 24 48 272, 172 312, 061 319, 585 354, 477 61, 150 44, 543 49, 596 51, 162 111, 846 135, 806 126, 945 118, 759 226, 529 186, 977 179, 225 202, 906 14.00 14. 00 13. 50 13. 50 1925 January February _ March April.. 31 26 16 6 279, 862 305, 831 287, 800 281, 858 23,951 34, 891 43, 446 71, 266 94, 185 110, 790 170, 697 206, 551 201, 479 247, 176 329, 673 339, 629 14.50 14.50 13.50 13.50 9 5 12 7 239, 389 225, 451 227, 306 265, 897 67, 480 82, 987 92, 267 89, 608 180, 851 173, 215 180, 407 159, 309 333, 967 326, 226 292, 775 301, 913 15.00 15. 50 15.50 15. 37 12 18 21 43 338, 857 306, 588 279, 188 104, 066 86, 164 64, 090 62, 947 171, 830 172, 542 144, 127 137, 788 252, 511 262, 534 239, 636 253, 490 14.75 14. 75 14.75 14.75 May June July August September October November December _ _. 316,023 4,235 3,678 $1, 246 7,659 $0.24 $0. 40 10, 524 10, 556 11, 937 13, 980 4,064 1,197 1,087 1,182 1,301 6,510 7,022 7,605 7,845 .24 .24 .24 .24 .40 .40 .40 .40 16, 779 13, 907 12, 462 13, 578 1,623 1, 533 1 1,374 1,628 454 470 574 680 326 384 609 777 1, 716 1,753 1,657 1,678 888 1,040 1,145 1,264 3,514 3, 777 3, 635 3, 913 1,216 1,324 1,249 1,322 7,846 7,834 7,616 7,398 .24 .24 .24 .24 .40 .40 .40 .40 10, 656 1,288 | 1, 187 ; 1,544 1,013 805 742 775 743 837 710 697 214 1, 473 1, 448 1,510 1, 503 1, 194 1,109 949 936 4,090 4,404 3,882 3,859 3,770 1, 308 1, 462 1,170 1,134 7,533 7,821 7,910 8,964 .24 .24 .24 .24 .40 .40 .40 .40 11, 471 10, 374 9,861 1,184 954 1,106 1,022 692 745 664 639 722 692 555 366 1,457 1,475 1,433 1,803 808 781 716 644 3,606 3,708 3, 031 3,891 4,260 .24 .24 .24 .24 .40 .40 .40 .40 12, 809 11, 429 14, 849 17, 875 1,434 1,306 1, 675 2, 073 548 508 670 777 283 436 732 902 2,068 2,034 3,859 9,090 9,358 9,506 9,076 1,801 4,014 1,085 1,162 1,357 1,503 1,769 728 949 1,091 1,140 1,544 1,625 1,725 1,788 8,308 7,389 7,194 6,624 .24 .24 .24 .24 .40 .40 .40 .40 10, 376 14, 964 10, 774 15, 451 1,287 1,806 1,392 2,002 883 817 837 812 890 875 822 733 1,688 1,589 1,503 1,477 1,200 1,153 1,007 892 1,892 2,029 1,761 6,617 6,542 6,539 .24 .24 .24 .40 .40 .40 18, 550 12, 341 13, 864 14, 483 2,156 1,607 1,696 1,794 723 823 683 640 681 651 504 409 1, 522 1,693 1,713 1,978 929 903 835 770 4.200 4, 047 3,289 3,042 3,270 4,162 4,315 4,408 4,508 4,809 4,526 4,839 4,867 5,092 5,178 5,313 5,619 5,470 5,040 11,293 14, 339 8, 995 9,526 1926 January February March May 1 Data, except prices, compiled by the Common Brick Manufacturers' Association of America from reports of about 100 concerns representing about 30 per cent of the total output of common brick. It should be noticed that the number of plants shut down increases considerably in the winter, owing to seasonal shutdowns in the more northern localities. Details by districts are given in the association's reports. Monthly data from 1921 appeared in May, 1925, issue (No. 45), p. 27. 2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from data reported by 37 concerns who produced about 80 per cent of the total production of floor3 and wall tile in 1923, including the entire membership of the Associated Tile .Manufacturers. Details by grades and kinds are issued each month in mimeograph form. Bookings of architectural terra cotta are compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 27 manufacturers who produced •over 95 per cent of the total architectural terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Monthly data from 1919 are given in the October, 1924, issue (No. 38), p. 52. Details by districts are given in the press releases. 4 Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About 70 firms usually report. Monthly data from 1922 appeared in January, 1926, issue (No. 53), p. 22. s Wholesale prices are monthly averages from U. S. Department, of Labor Bureau of Labor Statistics, yearly price averages from 1913 to 1918 appeared in the November, 1924, 6 issue (No. 39), p. 101. Ceramic mosaic prices relate to K-inch square, selected, white; and white wall tile prices relate to bright glazed, 6 by 3 inches, standard. The prices are weighted by the shipments of ceramic mosaic and white wall tile, respectively, of each firm reporting on these items. <7 Eleven months' average, February to December, inclusive. 69 Table 45.—CEMENT, HIGHWAYS, AND PAVING BRICK PAVING BRICK < CONCRETE FEDERAL AID PAVEMENTS HIGHWAYS UNDER CONCONWholesale Per TRACTED STRUCTION price, net, (end of month) 3 FOR 2 Unfilled cent without bags CanStocks, Stocks, of caShip- end of Ship- end of Orders cella- orders, ProProYEAR AND MONTH duction received tions end off pacity ments month duction ments month Chi- Lehlgii Estimonth Discago Valley Total Roads mated tance (No. 1 mills cost dist. and No. 2 Thous. brick) Thousands of barrels Per barrel Thous.of sq.yds. of Thousands of brick, No. 1 quality Miles dolls. PORTLAND CEMENT 1913 monthly a v _ _ _ 1914 monthly a v _ _ _ 191 5 monthly a v _ _ _ 191 6 monthly a v _ _ _ 1917 monthly av 1918 monthly a v _ _ _ 1919 monthlv av 7, 675 7,353 7,146 7,589 7,721 5, 891 6,700 7,391 7, 203 7,219 7,852 7,542 5, 894 7,167 11, 220 12, 773 11,312 11, 054 11, 080 9,386 9, 809 $1.011 .89 .95 1.19 1.53 1.67 1. 66 $0. 89 .89 .79 1.03 1.40 1.75 1.74 1920 monthly av__. 1921 monthly av__. 1922 monthly a v _ _ _ 1923monthlyav__. 1924 monthly a v _ _ _ 1925 monthly a v _ _ _ 8, 306 8,191 9,489 11,448 12, 405 13, 442 7,999 7,921 9,714 11,324 12, 146 13, 060 7, 278 10, 161 9, 572 9,258 13, 178 Iff, 048 1.80 1.54 1.61 1.72 1.74 1.73 2.05 1.85 1.73 1.88 1.75 1.75 3,264 4, 686 6, 595 6, 580 7,679 8,681 2, 454 3,662 4,863 4, 245 4,842 5, 328 $274, 024 301, 883 280, 959 14, 529 14, 638 12, 184 1924 January February March April 8,788 8, 588 10,370 11,726 5,210 5,933 8,995 12, 771 14, 155 16, 815 18, 189 17, 159 1.72 1.75 1.75 1.75 1.75 1.75 1.75 1.75 4,013 4,562 8,009 10, 196 2,613 3,421 5,798 7,004 274, 173 76, 903 277, 802 286, 814 13, 923 13, 800 13, 767 13, 926 19, 664 19, 571 21, 656 22, 750 9, 491 6, 442 10, 989 15, 827 91, 737 102, 498 117,451 122, 123 May June July August 13, 777 13, 53-8 14, 029 15, 128 14, 551 15, 036 16, 614 16, 855 16, 403 14, 903 12, 319 10, 666 1.75 1.75 1.75 1. 75 1.75 1.75 1.75 1.75 12, 500 8,948 10, 025 10, 286 8,527 4,939 6,214 6, 010 302, 683 325, 181 333, 979 337, 398 14, 558 15, 350 15, 704 15, 694 26, 569 24, 998 31, 452 26, 569 24, 507 27, 786 31, 300 32, 400 Septemb*3** October November December 14, 519 14, 820 13, 141 10, 435 16, 827 17, 160 10, 289 5,506 8,404 6, 073 8,928 14, 123 1.75 1.75 1.75 1.68 1.75 1.75 1.75 1.75 6, 839 6,806 3,000 6,958 3,818 3,211 1,891 4,661 344, 905 333, 121 311, 178 285, 460 15,712 15, 538 14, 390 13.. 287 25, 833 26, 294 27, 078 23, 000 1925 Januarv Februarv March April 8, 856 8,255 11, 034 13, 807 5,162 6,015 10, 279 14, 394 17, 656 19, 689 20, 469 19, 877 1.74 1.75 1.75 1.75 1.75 1.75 1.75 1.75 4,513 5,047 8,502 17, 363 3,474 3,787 5, 772 12, 463 269, 757 261, 132 264, 625 261, 712 12, 759 12, 344 12, 389 12, 231 Mav June July August 15, 503 15, 387 15, 641 16, 419 16, 735 17, 501 18, 131 18, 383 18, 440 16, 409 13, 896 11, 952 1.75 1.75 1.75 1.75 1.75 1. 75 1.75 1.75 12, 286 10, 222 12, 044 9,594 7, 724 5,981 6,362 6, 368 280, 358 284, 483 284, 609 278, 662 15, 939 15, 992 13, 656 10, 809 17, 711 15, 309 10, 187 6,914 10, 247 10, 979 14, 534 18, 429 1.75 1.70 1.65 1.65 1.75 1.75 1.75 1.75 9,730 6,135 3,488 5, 244 4, 087 3,711 1,718 2,491 291, 549 292, 662 343, 997 257, 958 _. September October _ November December 1936 January February Jvlarch April.. | i |j 4, 455 5 3, 435 1 6 2, 207 957 1, 258 7 86, 763 71,115 63, 710 680 70 74 6,834 11, 136 33, 739 20, 847 1,164 110 88 665 51, 419 55, 482 78, 347 83, 184 46 50 50 57 122, 303 111,637 110, 286 97, 407 46, 147 23, 240 28, 747 21, 454 444 1,304 2,855 594 100, 242 99,314 92, 237 76, 867 69 68 81 74 31, 563 29, 142 22, 833 9,207 86, 875 73, 604 73, 846 85, 283 27, 070 16, 535 10, 839 11,235 1, 536 924 1, 620 176 74, 089 59, 496 45, 840 44, 059 88 91 89 75 25, 266 20, 841 27, 404 28, 444 4, 198 5,613 12, 271 18, 738 111, 666 117,776 135, 435 139, 223 5, 751 6,932 23, 188 21, 921 40 21 712 1, 627 51, 572 49, 692 64, 091 68, 636 62 62 78 81 12, 583 12, 536 12, 276 11, 837 32, 177 30, 731 30, 635 34, 098 25, 690 31, 973 34, 317 35, 638 131, 689 126, 038 117, 543 116, 123 41, 391 31, 125 29, 270 33, 209 1,969 1,014 1,855 1,132 82, 101 82,239 75, 389 77, 662 86 82 79 81 12, 186 12, 188 11,935 10, 838 30, 072 28, 935 23,611 21, 302 29, 773 28, 482 17, 869 10,788 104, 286 99, 567 101,915 95, 427 31, 925 19, 021 17, 746 9, 916 2, 362 3,262 364 738 63, 702 51, 161 50, 669 46, 608 78 74 60 64 631,495 6 27, 123 7 78, 929 6 24, 699 24, 620 20, 957 99, 588 21, 485 27, 793 21, 279 116,390 22, 616 I _-_- May June I 1 Data on Portland cement, presenting complete reports of manufacturers, are from the U. S. Department of Commerce, Bureau of Mines, except prices, which are averages of weekly prices reported by the U. S. Department of Labor, Bureau of Labor Statistics. The cement industry is highly seasonal and its figures should be compared with corresponding months of previous years rather than with other months of the current year. Detailed data by months back to 1915, with an 8-year average for each month which can be used for seasonal comparisons, will be found in the September, 1923, issue (No. 25), p. 47. Monthly price data from 1913 appeared in December, 1923, issue (No.2 28), p. 54. Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau. The total contacts include streets and alleys besides roads. 3 Data on amount of Federal aid highways under construction at the end of month specified are compiled by the LL S. Department of Agriculture, Bureau of Public Roads, and 4include all kinds of improved roads built with Federal aid. Compiled from reports of the Paring Brick Manufacturers' Association, covering from 24 to 29 companies each month, stated to represent from 66 to 71 per cent of the industry; further details as to size, quality, and geographical distribution may be obtained from the regular reports of the association. * Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,309 yards for the last year of pavement less than 6 inches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts. 6 Nine months' average April to December, inclusive. 7 Ten months' average, March to December, inclusive. 70 Table 46.—METHANOL AND ETHYL ALCOHOL METHANOL i ETHYL ALCOHOL » Refined Crude, for refining Consumed YEAR AND MONTH Purchased United States Canada Stocks, refineries, end of month United States Canada Produced United States Canada Stocks, end of of month United States With- Ware- izatiou month house Produc- drawn for stocks, tion denaturend of Canada Gallons Thousands of gallons 4 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 3 6, 581 3 6, 573 3 6, 758 3 15, 232 3 17, 632 3 12, 532 3 8, 180 3 1, 413 3 1, 484 3 2, 118 3 7, 044 §7,814 3 7, 554 3 5, 033 3, 014 2, 495 2, 500 4 2, 602 4 3, 657 4 14, 719 4 6, 403 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average. 1925 monthly average 6 9, 485 6,119 8,137 11, 234 12 201 « 4, 398 3 864 6,876 9,527 10,965 5 4, 466 7,040 5,074 4,754 3, 980 13, 819 11,301 10, 054 8,788 12, 476 8,522 7,455 6, 357 1, 915 3,564 4,833 6,235 8,891 7,812 9,254 11, 029 6,758 7, 697 9,021 11, 130 7,244 6,035 4,614 3, 481 13, 118 15, 962 16, 452 19, 930 12, 012 14, 515 16, 211 19, 423 3,632 2,881 1,975 1,350 13, 690 9,722 9,682 10, 168 1,932 4,037 5,010 5,983 | a 480, 012 e 669, 215 e 25, 133 6 1. 355, 717 8 41, 085 6 514, 506 6 24, 202 « 591, 996 4 4 e 47, 019 1934 January February March April _ _ _ _ May June July August _ «. September October November December - - 1925 January February March April 430, 372 581, 181 37,928 1, 785, 550 65, 643 474, 701 36, 680 717, 853 68, 477 16,323 13, 120 12, 592 12, 096 May June July August 390, 831 336, 740 395, 832 435,423 588,073 480, 057 645, 490 621, 670 29,123 17, 493 22, 941 None. 1, 869, 327 1, 461, 989 1, 543, 375 1, 465, 549 58, 648 55, 475 42, 944 42, 077 416, 227 375, 040 394, 207 525, 683 27, 965 16, 793 22, 000 None. 715, 100 669, 861 554, 261 575, 492 50, 344 51,551 ' 52,459 32, 007 12, 718 13, 457 13, 143 18, 550 9,971 11, 526 16, 240 16,823 7,831 9,038 6,968 7, 831 September October November December 454, 391 681, 985 597, 836 596, 693 619, 182 905, 952 809, 507 771, 827 22, 188 12,200 40, 895 47, 391 1, 362, 18S 1, 064, 365 856, 751 792, 357 19, 889 36, 606 33, 186 15, 300 509, 185 671,808 6o5. 541 608, 152 26, 898 11, 500 39, 200 45, 555 526, 176 515,917 495, 492 557, 812 40, 129 32, 443 40, 846 54, 915 19, 859 21, 541 21, 235 18, 021 21, 624 20, 680 8,913 7,411 6,636 1936 January. February March April __ May June _ 1 Compiled from individual rep9rts of all methanol-refining plants in the United States and Canada by the U. S. Department of Commerce, Bureau of the Census, the following grades of methanol being included: 95 per cent refined, 97 per cent refined, pure, O. P. and denaturing grade methanol. The amounts of crude methanol purchased by refiners are less than consumption of crude in refineries because many refiners have their own crude plants and thus do not have to purchase crude methanol. Canadian refineries all have their own supplies of crude and so no purchase column is shown for Canada. 2 Statistics of ethyl alcohol, compiled by the U. S. Treasury Department, Bureau of Internal Revenue, comprise all 160° proof alcohol produced in the United States. Withdrawals for denaturing represent approximate production of denatured alcohol. The large increase in the proportion of the total production used for denaturing, beginning with 1922, is stated to be due to the use of denatured alcohol, which pays no tax, for certain medical purposes in place of pure alcohol which was formerly used and is taxable. 3 Fiscal year beginning July 1 of year indicated, * Stocks on June 30 of year indicated. « Eight months' average, May to December, inclusive. 6 Nine months' average, April to December, inclusive. 71 Table 47.—WOOD DISTILLATION1 METHANOL (CRUDE) ACETATE OF LIME 1 Ship- Stocks, Ex- 2 of ports ments end 1110. Production YEAR AND MONTH monthly average. monthly average monthly average. monthly average. monthly average. monthly average. 12, 421 4,885 10, 445 13, 700 10, 751 12, 749 9 $2.78 1.87 2,300 2,26 3.84 1,829 3.27 1,926 1.837 2.90 1,942 1,520 13, 683 13, 424 9,819 12, 493 35, 836 14, 269 23, 537 22, 162 Production Dolls, per cwt. Thousands of pounds 1920 1921 1922 1923 1924 1925 i.". "S « gsl Shipments Stocks, end of mo. Exports 2 652, 021 324, 504 567, 409 716, 144 574, 799 628, 732 635, 563 666, 718 591, 531 652, 849 2, 749, 407 8, 494, 877 2, 110, 722 1,611,620 4«« en Carbonized Stocks, j Total end of mo. Dolls, per gal. Gallons 58, 589 34, 343 105, 860 100, 585 53, 386 34, 015 DAILY CAPACITY WOOD $2.56 .80 1.64 1.06 .76 .61 Re- Shutport- down ing Cords 78, 580 34, 177 64, 286 80, 787 61, 577 66, 377 829, 227 826, 847 942, 884 794, 744 715, 690 622, 608 i I 5,629 5,448 5,391 5,339 4,687 4,719 4,083 626 4,585 2,771 5,217 1,890 5,171 1,183 4,038 681 4,272 759 | 1923 January February March April 15, 721 13, 470 14, 960 13, 698 16, 261 13, 635 16, 490 14, 870 14, 143 14, 499 12, 902 May June July August 14, 823 14, 439 13, 180 12, 960 September October November December 11,893 1, 574 1, 553 1, 963 4, 449 3.50 3.50 3.50 3.63 893, 413 730, 590 791, 457 713, 643 866, 339 667, 929 689, 028 684, 261 2, 000, 039 2, 044, 429 2, 133, 098 2, 194, 789 142, 361 190, 289 181, 497 81, 085 1.13 1.13 1.13 1.13 98, 470 81,912 87, 514 82, 040 813, 499 796, 541 765, 045 749, 363 5,334 5,334 5,334 5,334 5,091 907 5,123 936 5,135 1,120 5,135 909 17, 938 13, 995 13, 145 7,724 9, 007 9, 756 9, 767 14, 624 2,491 3,019 2, 946 626 4.00 4.00 4.00 4.00 798, 369 736, 806 612, 955 654, 822 566, 870 629, 250 514, 279 481, 111 2, 429, 617 2, 526, 412 2, 669, 895 2, 866, 218 109, 541 85, 063 63, 868 70, 226 1. 13 1.13 1.13 1.13 90, 509 85, 864 78, 244 75, 289 760, 123 782, 579 796, 413 796, 794 5,329 5,329 5,329 5,349 5,130 5, 190 5,190 5, 210 1,024 1,189 1,311 1,451 11, 675 12, 973 14, 685 11, 814 8, 227 12, 628 14, 034 12, 144 18, 034 18, 549 19, 249 18, 800 223 336 1,424 1,348 4.00 4.00 4.00 4.00 574, 124 666, 364 756, 746 624, 433 526, 623 732, 399 889, 362 753, 166 2, 902, 923 2, 851, 938 2, 726, 866 2, 592, 298 77, 351 49, 184 76, 023 80, 535 .99 .93 .88 .88 65, 722 74, 130 82, 080 67, 669 799, 988 822, 502 816, 300 837, 783 5,333 5,356 5,356 5,356 5,194 5,217 5,217 5,217 1,367 1,260 1,130 1,594 1924 January. _ February March April 13, 420 13, 173 14, 107 12, 650 9,022 8, 548 9, 028 12, 460 23,402 27, 623 32, 370 30, 535 326 1,119 1,622 1,421 4.00 4.00 3.88 3.38 705, 747 690, 403 741, 505 698, 126 642, 812 681, 057 617, 949 626, 837 2, 632, 633 2, 738, 308 2, 749, 818 2,656,211 73, 768 120, 489 26, 231 32, 188 .88 .88 .88 .88 78, 892 73, 541 78, 661 74, 596 786, 174 814, 896 815, 824 849, 991 4,633 4,633 4,633 4,633 4,513 4,495 4,513 4,378 630 408 382 468 May June.. July August 11, 539 9,396 7,714 8,112 8,561 9,261 7,056 11, 101 33, 986 32, 291 23, 757 19, 764 3,249 3.00 3.00 3.00 3.00 623, 107 492, 902 408, 132 444, 612 659, 564 472, 285 448, 022 525, 756 2, 615, 144 2, 368, 760 1, 873, 932 1, 797, 729 60, 651 51, 125 50, 462 77, 547 .75 .74 .65 .68 67, 841 53, 594 46, 536 47, 198 866, 518 821, 242 623, 940 663, 715 4,609 4,609 4,609 4,609 4,339 698 4,156 1,199 3,580 926 3,544 969 8,449 9,803 10, 327 10, 317 10, 025 12, 047 11, 698 9,026 18, 070 15, 259 11, 890 13, 499 2,462 1,367 3,512 980 3.00 3.00 3.00 3.00 464, 702 539, 333 562, 828 526, 192 578, 381 621, 412 627, 586 596, 706 1, 656, 499 1, 551, 678 1, 372, 786 1, 315, 166 19, 747 50, 901 42, 218 35, 310 .68 .69 .68 .68 49, 850 57, 624 55, Oil 55, 585 645, 956 633, 428 538, 798 527, 802 4,819 4,819 4,819 4,819 3,724 3,784 3,712 3,712 926 709 581 275 13, 081 11, 906 12, 827 12, 835 10, 248 10, 126 11,416 9,443 21, 233 23, 072 25, 149 27, 891 1,995 999 1,098 1,639 3.00 3.00 3.00 3.00 648, 709 615, 306 663, 665 663, 269 654, 369 594, 191 582, 665 587, 796 1, 459, 231 1, 520, 487 1, 870, 472 1,792,210 56, 760 39, 625 63, 343 34, 321 .68 .68 .68 .68 71, 130 62, 880 68, 848 68, 567 629, 784 627, 045 672, 600 680, 703 4,807 4,807 4,807 4,807 4,280 4,280 4,488 4,488 339 363 381 591 12, 802 11, 262 13, 335 15, 054 12, 078 11,722 27, 406 23, 468 23, 216 22, 467 1,815 1, 498 2.88 2.75 2.75 2.75 655, 601 584, 271 622, 363 601, 252 617, 332 593, 291 620, 134 664, 594 1, 845, 528 1, 840, 551 1, 856, 717 1, 638, 849 39, 342 17, 853 28, 447 9, 881 .58 .58 .58 .58 67, 645 61,670 64, 456 64, 123 690, 469 670, 716 579, 916 637, 916 4,807 4,807 4,639 4,639 4,488 4,488 4,356 4,308 849 987 935 921 13, 301 13,485 12, 569 17, 144 20, 381 17, 572 18, 879 15, 215 2.75 2.75 3.00 3.13 559, 805 591, 422 653, 186 688, 733 641, 815 776, 907 736, 225 7CO, 550 1, 551, 127 1, 370, 289 1,315,337 1, 278, 637 15, 320 19, 558 10, 643 73, 092 .58 .58 .58 .58 62, 123 62, 708 69, 706 72,906 609, 719 590, 459 563, 092 518, 871 4,639 4,639 4,615 4,615 4,248 969 4,248 1,095 4,248 841 4, 248 941 _ _ ._. . September October November December __. 1935 1 January _ _ February March April May June July August September October _ November December 1926 January-February March April May June 11,803 15, 891 11,715 ._ - 12, 207 12, 908 13, 747 3,184 3,196 728 2,457 1,231 1,340 426 4,571 2,970 3.25 ._. 1 Except for prices and exports, data are compiled by the U. S. Department of Commerce, Bureau of the Census, including through June, 1924, the reports of the National Wood Chemical Association, the total reports from all sources comprising about 95 per cent of the industry during most of this period. Beginning with July, 1924, all data have been collected directly by the Bureau of the Census. The decline in capacity in January, 1924, is due to dropping from the capacity records of firms with a daily capacity of 723 cords which had been idle for a long time. Monthly data on production and on consumption and stocks of wood for 1920 appeared in the September, 1923, issue (No. 25), p. 46, the 1921 data being revised in the December, 1923, issue (No. 28), p. 51. Press releases of the Bureauofthe Census also give Canadian figures, beginning with2 1925. Exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. a Wholesale prices representing monthly averages from U. S. Department of Labor, Bureau of Labor Statistics. 72 Table 48.—NAVAL STORES, ROOFING, EXPLOSIVES, AND DYES TURPENTINE t PREPARED ROOFi ING* ROSIN DRY ROOFING FELT 3 DYES AND DYESTUFFS EXPLOSIVES* i Net WholeNet W J^e~ Shipreceipts Stocks receipts Stocks, 1 sale (3 ports)i (Sports) price e (8 ports) 1< (3 ports)i p ^ fl ments YEAR AND MONTH Dolls, per gal. Barrels 1913 1914 1915 1916 1917 1918 1919 monthly average monthly average monthly average mnothly average monthly average. .. . monthly average- _ _ monthly average 26, 494 22, 807 25, 819 23, 006 13, 349 15. 481 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average monthly average. _ . 21, 131 22, 110 21, 765 26, 515 25, 667 24, 319 Production Dolls, Thous. i per bbl. of sus.:; Barrels 59, 721 71, 562 96, 818 122, 792 55, 853 58,914 | 92,260 1 98,905 79,787 1 53, 138 54, 092 275, 273 322. 029 323, 401 292, 12C 27, 764 47, 707 26; 762 28, 610 38, 567 40, 731 1. 74 .68 1. 15 1. 17 .91 1.01 69, 912 65,938 I 83,439 1 97, 575 92, 295 90, 195 157, 942 S16, £Sc rOS, 498 2G6. 932 250. 478 192.208 Productlon ,, . . IN « tons Shipments Exports « Stocks, end of Vege- Coal month table tar Sales Thousands of pounds i M^ ' ! $0. 43 .47 .46 .49 .49 .59 1.20 St'ks, end of mo. ': :| 4.02 3.77 5.80 6. 39 1C. 56 15. I'"1 1 j i i I ! ! 2 079 | i 15. 29 5.79 ? 360 2, 182 2. 541 6.01 j 6. 17 10.94 2, 714 2,427 2,296 3,588 30, 756 36, 762 33, 740 34, 241 31, 080 36. 542 34, 340 34, 141 28, 926 35,174 32, 726 32, 729 16, 316 18, 758 17, 067 17, 346 437 354 264 310 696 1. 494 1., 310 2,150 I 1 1934 10, 788 5, 078 4, 826 15, 581 41, 545 34, 148 23, 487 22, 456 1.10 1.02 1.02 .97 May June July _ \ugust 34, 949 39, 620 45, 440 40, 605 23, 595 32, 499 34, 200 43, 567 .SO .84 .84 .89 112, 110, 129, 124, September October November December 34, 364 25, 637 24, 924 26, 189 52, 856 41, 587 51, 489 61, 379 .89 .88 .85 .84 January February March April & 9, 016 * 12, 055 !(>, 07S 17, 406 20, 297 _ •300, 006 261, 109 22(i. 775 2G3, 159 5. 77 I 5.80 5.73 5.78 2. 380 2.915 2, 560 2. 3f.O 14, 662 16, 263 16, 267 17, 016 1,982 i 623 1,860 2, 590 32, 235 35, 081 34, 355 33, 858 34, 026 35. 349 33. 408 33, 674 33, 467 32, 540 32, 368 31, 398 17, 088 16. 697 16, 697 17, 299 165 459 199 232 1.433 1,739 1, 244 1,015 571 088 907 876 234, 644 2il, 108 270. 218 274, 605 5. 59 5.53 5. 59 i 5. 81 • 2. 496 2,331 2, 596 2, 747 17, 108 17, 593 17, 597 18, 171 2,878 2, 813 2, 740 30, 179 30, 817 31, 097 33, 890 31,043 32, 842 36, ly9 34, 235 31, 561 31, 586 30, 765 33, 609 17, 744 15, 730 16, 399 16, 101 268 166 345 231 751 1,288 1,819 2,084 113,209 92T 962 105, 007 273, 721 22S, 614 223, 673 256, -182 6. 12 3, 192 3, 227 7. 1C 7. 60 2, 416 7. 60 i 3, 363 19, 245 20, 445 17, 327 17, 179 1,850 1,768 1, 946 2,257 37, 158 41, 030 33, 973 31, 208 37, OG2 39, 236 33, 591 31,411 35, 777 36, 554 32, 513 30, 569 187 16, 314 18, 194 355 18, 355 225 18, 181 J 340 971 1,080 1,268 1,022 33, 479 34, 541 31, 675 31, 269 33, 451 16, 480 18, 976 20, 358 19, 501 201 216 430 287 2,007 2, 067 1,990 2,172 61, 971 50,610 29, 816 57,310 | i 1925 Januarv February March April May June July August September.. October November December _- _. 1926 January _.. February March April 8, 391 6, 167 5, 907 16, 695 49, 556 37, 606 22, 831 20, 373 .93 .94 .92 .96 34, 379 42, 146 42,704 36, 945 26, 761 35, 402 44, 957 58, 437 1.06 .99 .97 1.01 106, 126, 134, 122, 34, 013 26, 367 18, 001 20, 114 48, 149 48, 404 45, 046 51, 247 1.12 1.13 1.12 1.02 115,023 100, 264 77, 491 92, 070 6,512 44,907 51, 279 49, 322 50, 137 57, 080 &. 24 ! 2, 370 S.28 | 2, 170 8.00 2, 373 7. 95 1 2, 773 222;, 857 199, 896 171. 197 154, 244 424 622 609 022 20, 076 15, 658 18, 652 19, 788 3,503 3, 713 3,813 4,362 34,211 33, 504 35, 296 34, 074 33, 3f,4 33, 727 161, 970 210, 059 211 ,452 202, 247 8. 91 i 8. 91 9. 98 10. 80 ' 2, 452 2. 962 3, 021 3, 003 20, 656 20, 946 22, 360 22, 794 3, 378 3, 075 3,751 3, 951 32, 718 33, 894 35, 621 37, 436 33, 769 35, 492 35, 545 37, 429 32, 165 34, 860 33, 869 36, 402 18, 272 16, 540 16, 187 16, 585 322 291 421 431 2,077 2,128 2,081 2, 205 181, 181, 196, 220, 14. 19 i 15. 88 15. 94 14.07 3, 176 3, 473 23, 272 23, 946 19, 043 16, 373 3, 231 2, 556 3,488 4,234 35. 844 33, 049 31, 638 31, 765 35, 454 33,414 33, 127 30, 214 33, 020 32, 594 31, 181 27, 817 17,335 16, 309 14, 958 16, 649 236 334 306 248 2, 512 1,718 1,840 3,005 940 613 939 479 i 36, 466 199, 121 _ i 1 i 1 May June i i 1 Represent the receipts and stocks at Jacksonville, Savannah, and Pensacola as reported by the Naval Stores Review, earlier data being supplied by the Savannah Board of Trade, Jacksonville Chamber of Commerce, and Pensacola Chamber of Commerce. Monthly averages for 1914 and 1915 are based on the season beginning Apr. 1 of the year indicated and thereafter on the calendar year. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 40. 2 Compiled by the Prepared Roofing Manufacturers' Association, prorated to 100 per cent of the industry, from reports received from 60 to 90 per cent of the total machine activity, comprising all types of asphalt saturated roll roofing whether surfaced or not and all types of asphalt shingles. Monthly data back to 1919 appeared in the September, 1923, issue (No. 25), p. 55. Beginning with 1926 the name of the association was changed to the Asphalt Shingle and Roofing Association. 3 Compiled by the Felt Manufacturers' Association, including reports from 16 identical mills, until 1925, when 17 firms reported. The felt is made from waste rags and the data are said to represent about 50 per cent of the industry. Data as to receipts of rags and paper and stocks of all kinds appeared in November, 1924, issue (No. 39), p. 104. Average prices are also included in the reports of the association. 4 Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports from 24 companies. Data comprise black powder, permissibles, and other high explosives, and do not include reports of manufacturers of ammunition and fireworks, nor production of nitroglycerin, except in so far as nitroglycerin is used in the manufacture of other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 39), p. 107. 6 Data compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Export figures for "vegetable" dyes include logwood extract (about 50 per cent) and other dye extracts; coal-tar exports comprise coal-tar colors, dyes, and stains. 6 Data from the U. S. Department of Labor, Bureau of Labor Statistics, and represent average prices in the NewT York market. Quotations for resin cover grades common to good. Monthly data from 1913 appeared in November, 1925, issue (No. 51), p. 22. 7 A roof square is equivalent to 100 square feet of covering as measured on the roof. 8 Represents reports from 11 mills only. 73 Table 49.—CHEMICALS [Index numbers for base year in bold-faced type] SULPHURIC ACID Oils and fats - Chemicals 2 Crude drugs 1 YEAR AND MONTH Essential oils 1 Drugs and Pharmaceuticals i WHOLESALE PRICE INDEXES Index numbers rela- Relative to tive to Aug., 1914 : 1913-14 1 NITRATE OF SODA i POTASH ACID PHOSPHATE « Production in Chile Exports 4 Wholesale price 3 Pounds Dollars per 100 pounds \ ImProUnits Imports ports 4 duction Quantity p^ ing Metric tons $n?s Stocks, end of month Consumption Short tons « LoiS'""" FERTILIZER Exports 4 Consumption in cotton States 6 Long tons Short tons \ 1919-13 mo av 1913 mo. av 1914 mo. av 1915 nio. av 1916 mo. av 1917 mo. av 1918 mo. av 1919 1920 1921 1922 1923 1924 1925 mo. mo. mo. mo. mo. mo. mo. i 100 100 100 1" i av av av av av av av 100 10O - 614, 940 807, 417 1, 098, 015 6, 486, 619 5, 538, 625 5, 293, 578 1.00 1.00 1.30 2.00 1.70 6, 691, 220 1.60 238, 712 116 1.00 1. 12 .91 .76 .73 . 71 .70 139, 921 210, 386 109, 629 89, 317 158, 809 200, 266 43, 177 52, 155 45, 143 64, 349 101, 535 128, 801 153, 766 21, 124 22, 291 17,611 6,305 978 802 1,564 103,391 119, 938 85, 639 30 647 32, 747 28, 733 18 713 67 99 54 38 69 89 33, 955 110, 160 30, 767 45, 039 74, 084 82, 053 92. 901 5,230 14, 880 8,739 20, 103 19, 205 19, 088 21,751 54, 509 117, 994 74, 620 77,912 91, 641 89, 216 95, 532 126, 271 70, 486 98, 503 87, 707 201 196 129 120 142 155 157 213 265 158 131 135 140 174 185 202 134 174 220 208 198 125 114 113 142 139 155 1, 774, 625 2,415,612 1, 067, 862 1, 039, 199 686, 981 j 939, 306 628, 067 156 153 151 153 137 136 133 134 230 219 207 206 114 113 111 110 126 126 136 149 1, 884, 807 957, 377 640, 967 851, 858 .70 .70 .70 .70 198, 194, 201, 203, 979 856 157 339 91 90 89 88 73, 541 37, 440 50, 400 81, 798 9,608 5,405 10, 266 9,482 September. __ __ October November December 157 156 157 155 142 142 148 153 210 212 222 231 111 110 112 112 143 147 151 158 1, 252, 439 848, 686 841, 524 948, 326 .70 .70 .70 .70 185, 216, 211, 217, 300 458 599 118 89 91 90 90 68, 017 70, 454 65, 664 59,300 i 19, 438 30, 525 27, 867 32, 316 1935 January February March. April 154 155 156 156 154 159 158 154 222 219 204 197 113 114 113 113 157 148 161 154 1, 017, 060 940, 108 712, 571 891, 340 .70 .70 .70 .70 215, 185, 205, 180, 986 440 094 609 92 93 88 84 89, 858 95, 109 197, 359 155, 163 23, 240 28, 173 27, 062 20, 532 155 156 158 158 151 161 175 171 192 191 187 190 113 112 111 112 153 154 153 158 669, 660, 354, 440, 293 490 548 954 .70 .70 .70 .70 191, 192, 215, 224, 443 924 393 587 86 90 92 93 135, 169 59, 016 68, 791 92, 082 7,757 13, 803 25, 954 21, 041 290, 875 285, 003 1, 337, 635 1, 471, 305 30,989 122, 710 123, 813 94, 805 120, 171 94, 089 158 158 157 157 179 191 215 225 196 195 191 192 113 113 113 113 156 158 156 156 478, 382, 408, 581, 168 780 050 442 .70 .70 .70 .70 206, 745 227, 240 234, 319 92 88 91 56, 764 48, 587 73, 892 43, 018 29, 451 17, 455 19, 646 26, 894 301, 372, 354, 463, 1, 476, 664 1, 686, 223 1, 899, 652 2, 176, 957 335,804 187,361 136,311 195,516 110, 558 87, 568 65, 260 125, 423 156 218 193 114 155 1924 May June Julv .. August May.... June Julv August September October November December 1926 January February March April . __ 260, 328, 291, 399, 777 343 378 772 1, 230, 052 1, 447, 570 1, 619, 464 1, 894, 980 292, 158 125, 069 118, 204 113, 647 76, 457 102, 371 78, 366 91,371 604, 041 300, 519 360, 755 468, 794 537, 182 581, 266 114, 212 18, 975 58, 418 356, 163 65, 989 78, 058 849, 308 94, 450 1, 927, 918 798, 544 86, 201 347 044 733 708 60, 678 17, 835 i May _ June ! i 1 Compiled by the Oil, Paint, and Drug Reporter from weeky wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical chemicals, respectively. 2 The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fat? selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production plus total imports in the year 1923. The figures are averages of weekly prices. A similar index including 25 of the principal chemicals, oils, and fats used in the new indexes, with yearly data from 1917 to 1923, and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105. 3 Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics. 4 Data compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash includes potash imported as chemicals and also the rnurate and suphate used in fertilizers. " Total fertilizer " exports are made up largely of phosphate rock. 5 Data compiled by the National Fertilizer Association from reports of aciduatorsrepresenting about 80 per cent of the industry; figures in greater detail divided into northern and southern sections are obtainable from the association's reports. Consumption figures have been computed by adding production to stocks at the beginning ol month and subtracting from this total the stocks at the end of the month, hence indicating disappearance or shipments from plants and not actually fertilizer used. Details by sections for 1925 appeared in the January, 1926, issue (No. 53), p. 16. 6 Compiled by W. Arthur Shelton from tag sales reports of Commissioners of Agriculture of 9 cotton-growing States (North Carolina, South Carolina, Georgia, Alabama, Mississippi, Tennessee, Louisiana, Arkansas, and Texas) for the fertilizer seasons since 1919, covering the period December through June, which best indicates the amount of fertilizer used in the cultivation of cotton. Monthly data by seasons from December, 1919, appeared in the September, 1925, issue (No. 49) p. 17. The monthly averages for each year are based on the seven months' period from December to June, inclusive, to obtain a complete season, even though one month is in the preceding year. 7 Relative to 12 months' average, July, 1913, to June, 1914. s Tons of 16 per cent available phosphoric acid, which is equivalent to 320 pounds per ton. 74 Table 50.—FATS, OILS, AND RAW MATERIALS ANIMAL FATS, GREASES, AND DERIVATIVES TOTAL ANIMAL FATS TOTAL GREASES TOTAL DERIVATIVES YEAR AND MONTH Production Consumption Stocks 1 Production Consumption Production Stocks Consumption Stocks Thousands of pounds 1919 quarterly average 1920 quarterly average 1921 quarterlv average 1922 quarterly average 1923 quarterly average 1924 quarterly average 1925 quarterly average. 367, 518 410, 676 473, 351 511, 436 611, 277 611,819 495, 961 144, 149, 154, 138, 140, 151, 141, 308 276 017 982 861 955 242 138, 071 183,033 226, 668 ; 175,396 ; 144, 350 161, 019 141, 535 ; 67, 374 69, 695 95, 407 53, 711 56, 748 47, 989 41, 794 51, 565 50, 273 45, 150 61, 249 67, 999 64, 735 59, 983 69, 648 86, 384 85, 258 94, 626 102, 238 98, 365 89, 788 i 264, 284, 340, 480, 482, 550, 693, 740 478 325 906 386 745 543 208, 804 204, 039 183, 764 227, 104 245, 689 268, 816 335, 256 183, 695 165, 241 174, 864 156, 808 142,700 127, 371 130, 648 1Q24. RAW MATERIALS FOR VEGETABLE OILS ANIMAL GLUES * PEANUTSMULLED COPRA CORN GERMS | FLAXSEED j. YEAR AND MONTH Coiiump» tion Stocks i Consumption Consumption Stocks Stocks : Consumption Stocks ! Production etopk« Stocks I Thousands of pounds ! 35 426 2,980 2 931 2,581 1,250 2,250 4 862 11 148 33, 184 | 2'001 319 ! 392 630 [ 1 097 42 153 25, 276 21, 161 34, 674 46, 245 37, 353 40 175 22, 184 10, 665 5, 869 10, 705 6,615 8,224 3, 641 1924t Jan. 1 to Mar. 31. ) Apr. 1 to June 30.. 1 July 1 to Sept. 30.. Oct. 1 to Dec. 31 _ 1,348 1,799 614 5, 238 245 i 412 1 762 i 1,102 39, 800 32,011 35, 641 41, 960 9,071 6,313 12,113 5, 399 19255 Jan. 1 to Mar. 31. ) Apr. 1 to June 30.. 0 July 1 to Sept. 30_. Oct. 1 to Dec. 31. 7,424 2,712 2,878 6,433 1,269 i 328 1,135 1,656 37, 947 36, 847 35, 584 50, 323 7,566 13,822 9, 473 12, 832 1919 quarterly average,. 'crage T 1920 quarterly average.. erage 1921 quarterly average.. ^erage T 1922 quarterly average.. erage 1923 quarterly average.. ~erage 1924 quarterly average.. ^erage 1925 quarterly average.. g 19263 Jan. 1 to Mar. 31. ) Apr. 1 to June 30.. . i \ 36, 645 36, 395 30, 830 36, 889 40, 143 53, 209 49, 032 842 536 448 491 548 890 467 172 934 179, 382 182, 182 170, 371 239, 217 266,615 287 358 29 853 74, 703 j 57. 409 42, 019 i 77, 268 93, 270 111 914 55, 189 48, 873 53, 080 55, 682 435 i 2,296 ! 498 i 329 ' 268, 091 264, 138 211,392 322, 840 47, 995 46, 250 42, 832 59, 051 470 552 415 431 344, 493 255, 592 219, 006 330, 341 ! 23, 660 25, 015 24, 924 52, 442 53, 916 33, 838 14, 875 270. 449 28, 701 24, 451 20, 178 26, 365 48, 888 51, 696 53,211 55, 974 112,410 63, 182 79, 361 192, 704 25, 403 23, 837 20, 603 53, 944 51, 849 48, 926 75 Table 51.—VEGETABLE AND FISH OILS TOTAL CRUDE VEGETABLE OILS YEAR AND MONTH Production Consumption TOTAL REFINED VEGETABLE OILS Con- i sump- Stocks tiou Production Stocks COTTONSEED OILCRUDE Production PEANUT OILCRUDE AND VIRGIN i Consumption Stocks Production Consumption Stocks Thousands of pounds 1919 1920 1921 1922 1923 1924 1925 quarterly average quarterly average. quarterly average quarterly average. _ _. quarterly average quarterly average quarterly average 1933 Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 1934 Jan. 1 to Mar. 31__ Apr. 1 to June 30 July 1 to Sept. 30. Oct. 1 to Dec. 31 748 776 318 658 647 950 727 635, 803 511, 121 504, 034 459, 447 519, 273 576, 568 681, 077 506, 533 378, 498 332, 003 324, 227 308, 159 276, 696 343, 732 466, 795 344, 575 354, 760 266, 122 264, 017 333, 351 406, 449 357, 407 I 2S3, 591 263, 612 352, 768 283, 729 263, 529 240, 124 223, 992 230, 824 197, 604 248, 979 194, 496 348, 756 241, 777 357, 501 285, 347 317, 757 232, 600 242, 750 288, 196 376, 522 329, 038 283, 350 323, 940 221, 954 234, 098 291, 462 367, 250 111, 271 94, 597 88, 668 57, 301 61, 798 70, 772 71, 733 21, 902 3,271 9,683 5,599 1,563 1,658 3,963 53, 088 21, 267 10, 639 7,086 2,207 2,096 2,567 24, 038 33, 354 13, 453 3,594 1,900 2,112 1,310 562,311 354, 105 335, 091 771, 081 654, 620 425, 185 339, 575 657,712 279, 292, 292, 367, 963 747 291 634 331, 733 176, 923 126, 847 420, 564 250, 668 180, 363 229, 181 263, 085 282, 109 241, 914 81, 118 185, 273 306, 389 70,711 93, 181 500, 720 358, 307 131, 981 69, 455 376, 648 60, 137 11, 733 34, 457 140, 863 1,700 1,998 1,147 1,406 2,354 2,138 2,545 1,791 979 2,205 3,121 1,296 566, 350, 344, 958, 638 344 221 596 603, 908 459, 210 391, 898 851, 256 314, 232, 217, 342, 984 090 062 649 353, 227, 164, 587, 218, 989 213, 004 242, 193 321, 729 251, 622 198, 849 72, 298 255, 214 289, 928 95, 540 116,817 | 650, 497 307, 742 185, 149 104, 709 568, 248 110, 115 23, 338 44, 116 105, 520 1,122 1,328 438 3, 744 1,718 2,377 1,628 2,660 1,093 5,564 373 1, 418 802 192 402, 373 417, 715 .1, 020, 627 813, 083 531, 093 460, 574 919, 558 377, 292, 275, 429, 415 822 656 034 521, 918 263, 632 216, 102 624, 145 316, 297, 354, 426, 401, 039 295, 618 82, 187 188, 263 495, 447 222, 938 153, 169 597, 446 89, 168 22, 669 55, 972 119, 124 5,265 4,091 1, 974 4,522 3, 457 2,168 1, 545 3,096 1,531 1,319 845 1, 545 .. ,._ 1925 Jan 1 to Mar 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 578, 474, 504, 434, 505, 554, 660, 633 041 771 960 1936 Jan 1 to Mar 31 Aur 1 to June 30 466 331 963 262 484, 144, 187, 690, 063 568 023 433 i || COCONUT OR COPRA OIL— CRUDE YEAR AND MONTH Production Consumption 1 Production Stocks LINSEED OIL CORN OIL-CRUDE Consumption Stocks ) TOTAL FISH OIL Consumption Stocks Production Consumption Stocks 113, 232 121, 318 120, 703 114,361 163, 391 176, 397 189, 962 47, 286 53, 551 59, 706 85, 754 95, 169 96, 127 102, 935 65, 425 78, 457 99,611 100, 718 85, 549 81, 482 130, 026 8,230 16, 507 12, 490 19, 008 2 21, 326 17, 271 22, 076 9, 791 12, 046 19, 559 29, 446 29, 675 29, 067 38. 602 44, 609 45, 225 52, 873 46, 684 43, 228 46, 105 56, 226 Production Thousands of pounds t 1919 1920 1921 1922 1923 1924 1925 quarterly average _ _ quarterly average quarterly average quarterly average quarterly average quarterly average _. quarterly average... _ 53, 886 32, 805 28, 247 46, 381 58, 980 48, 044 51, 901 105, 564 73, 525 60, 274 75, 721 90, 377 99, 954 96, 840 155, 220 93, 277 73, 143 111,401 72, 689 48, 919 48, 379 24, 350 24, 655 21, 870 26, 623 27, 836 29, 266 26, 038 22, 408 22, 692 17, 987 25, 369 25, 753 28, 583 25, 546 8,027 6,589 7,093 7, 236 6, 957 6, 772 6,286 i 1933 Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 58, 750 61, 523 50, 131 65, 514 93, 368 82, 174 80, 566 105, 401 85, 996 88, 823 66, 083 49, 401 28, 222 28, 768 26, 630 27, 724 25, 803 24, 470 26, 527 26, 211 5,672 9,185 5,874 7,076 155, 148 178, 267 154, 588 165, 560 97, 069 105, 613 90, 334 87, 061 71, 629 81, 453 91, 650 97, 465 2 4, 694 2 11,596 2 46, 402 2 19, 267 30, 548 25, 178 28, 374 34,600 33, 473 39, 214 54, 702 45, 521 1934 Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct 1 to Dec. 31_. 52, 684 38, 566 46, 971 53, 954 105, 719 86, 670 106, 119 101, 307 51, 265 52, 948 39, 900 51, 566 32, 986 26, 663 29, 835 27, 580 31,704 26, 322 30, 395 25, 912 7,535 6,450 5,169 7, 935 177, 583 176, 187 139, 862 211,954 97, 846 100, 325 90, 521 92, 814 87, 764 74, 372 56, 773 107, 019 5,444 8,071 31, 797 23, 772 24, 642 27, 522 31, 467 32, 635 43, 748 44, 400 48, 720 47, 550 1935 Jan. 1 to Mar. 31_ _ Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 49,531 47, 521 46, 135 64, 418 95, 375 82, 210 101, 161 107, 614 61, 139 49, 701 36, 338 46, 339 25, 939 23, 326 24, 452 30,436 30, 512 19, 413 24, 960 27r 297 4,392 6,560 6, 239 7,951 225, 169, 146, 217, 109, 898 109, 271 98, 448 94, 122 151,136 126, 888 86, 437 155, 642 16, 562 8,673 44, 229 18, 839 41, 898 35, 553 34, 756 42, 200 37, 874 55, 086 73, 574 58, 368 568 980 306 992 1936 Jan. 1 to Mar. 31 Apr. 1 to June 30 1 Data reported quarterly by the U. S. Department of Commerce, Bureau of the Census. The data cover factory production, factory consump tion, and factory and warehouse stocks, and present practically complete reports for these products. The stock figures refer to the amount on hand at the end of each quarter. Quarterly data from 1920 2appeared in August, 1923, issue (No. 36), pp. 115 and 119. Further details by classes of oils are given on press releases. Yearly figure on fish-oil production obtained from the annual data of the U. S. Department of Commerce, Bureau of Fisheries, which does not agree with the sum of the quarterly figures collected by the Bureau of the Census. 76 Table 52.—VEGETABLE OILS TOTAL VEGETABLE OILS COTTONSEED OIL COTTONSEED OLEOMARGARINE 2 Stocks, end of mo.' ConProduc- sumption tion Short tons Thousands of pounds Minneapolis and Duluth e Price, YEAR AND MONTH Exports i ummer Im- Produc- Stocks, of 4 tion * end yellow ports 3 mo. psime, Dollars per Ib. 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 1918 monthly av 1919 monthly av 29, 042 17, 758 31, 641 16, 977 11, 788 10, 437 17, 599 21, 387 26, 441 20, 636 10 30, 133 10 36, 850 10 65, 295 10 67, 495 117, 305 109, 372 110, 445 1920 monthly a v 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly av 16,863 10 71, 390 21, 964 10 28, 499 6, 978 53, 298 4,744 52, 295 4,117 67, 641 55, 368 5, 729 661, 192 489, 442 512, 448 11,861 11,798 11,787 12, 404 19, 044 26,877 29, 081 1,979 1,104 999 1, 337 843 870 757 1,255 585 460 710 475 421 280 2,984 2,288 1,038 1,490 1,040 260 179 3,336 2,761 3,219 2,099 464 1,284 2,087 728 1, 415 2,374 515 11 1, 520 2,617 . 15 .08 .10 .11 .11 .11 296, 219 299, 101 201, 979 334, 556 356, 043 488, 488 29, 957 17, 840 15, 396 18, 965 19, 294 19, 734 30, 014 17,518 14, 969 18, 872 19, 156 19, 025 964 831 729 1,468 2,294 1,944 329 568 388 561 1,522 997 984 2,087 299 568 799 1,365 3,446 4,463 3,038 3,779 4,830 82, 238 105, 437 96, 213 100, 955 109, 099 78, 290 83, 577 81, 002 117,108 105, 656 102, 898 56, 438 59, 594 79, 461 68, 986 10 Shipments from Minneapolis ' Thousands of pounds Thousands of bushels 1° 12, 102 10 12, 002 1° 12, 151 1° 12, 709 23, 937 29, 217 30, 733 $0.07 .07 .07 .11 . 15 .20 .?A 10 LINSEED. OIL CAKE Argentina ExRe- Shipceipts ments Stocks ports ? Stocks § N. Y.B ! | Thousands of pounds LINSEED OIL FLAXSEED 15, 210 11, 868 9,862 10, 662 11, 158 9,271 10, 020 30, 166 20, 684 17, 188 18, 706 18, 428 15, 998 18, 473 1,457 2,867 1,768 2,168 3, 433 7,856 8,157 8, 156 10, 763 10, 958 13, 537 12, 069 15, 068 10, 790 17, 062 17,370 24, 283 1924 May June July August 2,919 1,941 2,365 2,085 75,806 58, 317 34, 856 47, 838 30, 848 18, 592 7,158 17, 583 52, 130 23,751 4,053 8,258 ,10 .10 .12 .14 66, 182 29, 053 21, 711 93, 822 17, 732 15, 321 15, 519 15, 900 17, 493 14, Oil 15, 095 15, 857 504 389 386 297 258 209 166 146 258 131 93 72 4, 658 4, 060 3, 810 3,098 2,600 2,400 3, 000 3,000 6,213 6,486 6, 286 4,188 6,978 10, 241 10, 406 9,388 September October November December... 1,156 2,669 9,770 9,853 46, 118 40, 924 55, 582 53, 486 92, 379 213, 659 224, 996 213, 868 44, 222 83, 497 106, 426 105, 992 .11 .11 .11 .11 390, 049 873, 368 1, 190, 920 1, 231, 008 19 260 20, 054 17,062 20, 135 20, 202 19, 217 17, 115 19, 997 3,664 10, 242 8,474 2,018 1,747 6,097 6,792 1, 565 1,063 2,455 2,096 1,545 2,306 4,434 3,306 2,382 3,000 2,200 1,800 2,200 8,883 18, 564 17, 947 16, 825 15, 955 29, 281 29, 572 31, 274 9,454 4,880 5,392 2,702 59, 445 52, 617 79, 213 58, 556 210, 409 157, 905 116,384 76, 574 120, 997 126, 745 89, 168 70, 504 .11 .11 .11 .11 898, 671 599, 626 324, 782 144, 271 19, 177 17, 288 19, 729 18, 941 19, 109 15, 846 20, 125 17, 090 1,481 859 780 489 497 425 391 253 1,322 1,036 767 635 2,519 2,520 1,947 2,561 2,800 3,000 3, 200 4,400 14, 720 14, 468 14, 810 14, 043 31, 226 29, 847 20, 933 15, 680 May June July August 3,269 5, 657' 2,525 3,486 49,629 58, 950 44, 941 47,316 50, 232 18, 493 12, 815 33, 846 44, 247 22, 669 5,103 18, 041 .11 .11 .11 .11 53, 259 28, 502 33, 577 18, 954 17, 599 15,312 15, 809 17, 191 18, 542 14, 623 10, 704 17,068 725 819 758 1,412 333 200 364 602 502 617 581 291 4,034 3,637 3,781 4,268 4,600 5,000 5,200 4,400 13, 331 12, 332 12, 681 15, 637 9,380 14, 624 10, 881 24, 490 September October November December _ 3,923 8,183 9,635 9,640 32, 057 52, 179 59, 534 69, 975 142, 939 232, 566 233, 637 224, 230 55, 972 91,976 111,333 119, 124 .11 .10 .10 776, 017 ], 270, 770 1, 364, 147 1, 417, 188 19, 328 25, 947 26, 275 24, 217 20, 057 25, 612 24, 974 24, 553 5,593 5,515 3, 522 1,378 1,965 2,593 3,554 781 2,453 3,302 2,488 2, 391 3,576 513 320 2,028 1925 January.. _ February _ _ March April _ 1936 January February _ _ March April May June 1 2 . 11 i ;;;;;:: 1 "" 1 13, 840 17, 769 14, 676 11, 848 24, 916 33, 958 35, 190 32, 563 || Exports include cottonseed, corn, and linseed oils, as compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Data on oleomargarine from U. S. Treasury Department, Bureau of Internal Revenue. Production data represent actual output while consumption figures represent tax-paid withdrawals of both colored and uncolored oleomargarine, consisting of all withdrawals for domestic use except for the Government. 3 Imports of vegetable oils, from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include the following oils: Chinese nut, cocoa butter, coconut, cottonseed, olive (inedible), olive (edible), palm, palm kernel, peanut, rapeseed, soya bean, and linseed. The figures for Chinese nut, inedible olive, and rapeseed oils, which are reported in gallons, have been converted into pounds, allowing 7% pounds per gallon. 4 Production and stocks of cottonseed oil and stocks of cottonseed at oil mills compiled by U. S. Department of Commerce, Bureau of the Census Annual figures for these items are monthly averages for cotton crop years ending July 31 of the year, indicated. Monthly data from. 1920 appeared in May, 1922, issue (No. 9) page 87 for cottonseed oil and in August, 1922, issue (No. 12), page 94, for cottonseed stocks. 6 Cottonseed-oil prices are averages of weekly quotations compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data from 1920 appeared in May,6 1922, issue (No. 9) page 91. Data on flaxseed at Minneapolis and Dulutla from Northwestern Miller. Receipts and shipments are totals of weekly figures with first and last weeks of each month prorated. Stocks are taken at the end of the week nearest the end of the month. Monthly data for 1920 appeared in August, 1922, issue (No. 12), page 94, the data for each city 7being given separately through the February, 1925, issue (No- 42), page 89. Data on Argentine exports from Boletin Mensual de Estadistica Agricola; current data from the Estadistica Agro-Pecuria, publications directed by the Argentine Minister6 of Agriculture. Figures are converted from original data in metric tons. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 50. Shipments of linseed oil and cake and meal from Minneapolis furnished by Minneapolis Chamber of Commerce. 8 Stocks of flaxseed in Argentine taken as of the end of the week nearest to end of month reported by the Oil, Paint and Drug Reporter. 10 Average for fiscal year beginning July 1 of year stated. u Ten-month average. 77 Table 53.—CROP PRODUCTION 1 [Base year in bold-faced type] WHEAT CORN YEAR AND MONTH Winter Spring BAR™ LEY OATS Total -n -VBTI R1E TOTAL BREAD GRAINS RICE TOTAL VALUE OF CROPS 2 POTA- APPLES HAY, TOES (total) TAME A.— RELATIVE NUMBERS Relative to 5-year average, 1909-1913 1909-1913 average 1914 final estimate 1915 final estimate 1916 final estimate 1917 final estimate 1918 final estimate 1919 final estimate 100 155 153 109 94 128 172 100 84 144 64 91 145 85 1OO 119 149 93 93 134 141 100 99 111 95 113 92 104 100 101 137 111 141 136 105 100 107 126 100 116 141 81 1OO 123 155 140 180 261 216 100 104 123 99 117 112 110 100 99 121 171 145 161 175 100 115 101 80 124 115 91 100 143 130 110 94 96 81 100 106 130 138 126 116 131 100 107 121 169 236 251 270 1920 final estimate 1921 final estimate 1922 fin al estimate 1923 final estimate 1924 final estimate 1925 final estimate 138 136 133 130 134 90 91 88 115 92 111 99 121 119 126 116 126 97- 118 113 107 113 85 107 132 95 107 115 135 137 104 85 100 109 98 120 173 177 296 181 184 139 122 109 111 114 104 108 218 157 173 141 135 142 113 101 127 117 119 91 127 66 115 115 97 93 133 125 145 135 148 131 191 99 137 153 166 B.— NUMERICAL DATA Thous. of tons Thousands of bushels Millions of dollars 1 1909-1913 average 1914 final estimate 1915 final estimate 1916 final estimate 1917 final estimate 1918 final estimate 1919 final estimate 441, 602 684, 990 673, 947 480, 553 412, 901 565, 099 760, 677 245, 059 686, 697 206, 027 891, 017 351,854 1, 025, 801 155, 765 636, 318 223, 754 636, 655 350, 339 921, 438 207, 602 968, 279 2, 708, 334 2, 672, 804 2, 994, 763 2, 566, 927 3, 065, 233 2, 502, 665 2, 816, 318 1, 131, 175 1, 141, 060 1, 549, 030 1, 251, 837 1, 592, 740 1, 538, 124 1, 184, 030 181, 886 194, 953 228, 851 182, 309 211, 759 256, 225 147, 608 34, 918 42, 779 54, 050 48, 862 62, 933 91, 041 75, 542 4, 743, 008 4, 942, 613 5, 852, 525 4, 686, 253 5, 569, 320 5, 309, 493 5, 191, 777 23, 926 23, 649 28, 947 40, 861 34, 739 38, 606 41, 985 356, 627 409, 921 359, 721 286, 953 442, 108 411, 860 322, 867 176, 482 252, 200 230, Oil 193, 905 166, 749 169, 625 142, 086 65, 987 70, 071 85, 920 91, 192 83,308 76, 660 86,359 $5, 702 6,112 6,907 9, 054 13, 479 14, 331 15, 423 1920 1921 1922 1923 1924 1925 610, 597 600, 316 586, 878 571, 959 589, 632 398, 486 222, 430 214, 589 280, 720 225, 422 272, 995 270, 879 833, 027 814, 905 867, 598 797, 381 862, 627 669, 365 3, 208, 584 3, 068, 569 2, 906, 020 3, 053, 557 2, 312, 745 2, 900, 581 1, 496, 281 1, 078, 341 1, 215, 803 1, 305, 883 1, 522, 665 1, 501, 909 189, 332 154, 946 182, 068 197, 691 178, 322 218, 002 60, 490 61,675 103, 362 63, 077 64, 038 48, 696 5, 787, 714 5, 178, 436 5, 274, 851 5,417,589 4, 940, 397 5, 338, 553 52, 066 37, 612 41, 405 33, 717 32, 249 33, 959 403, 296 361, 659 453, 396 416, 105 425, 283 323, 243 223, 677 99,002 202, 702 202, 842 171, 250 164, 616 87, 855 82, 379 95, 882 89, 250 97, 771 86,474 10, 909 5,630 7,816 8,727 9,183 8,612 . 509, 319 _ 542, 551 589, 000 589, 000 589, 000 589, 000 183, 831 197, 461 224, 767 247, 404 266, 456 266, 456 693, 150 740, 012 813, 767 836, 404 855, 456 855, 806 2, 515, 385 2, 576, 440 2,512,888 2, 458, 809 2, 477, 538 1, 231, 728 1, 356, 338 1, 439, 041 1, 486, 412 1, 509, 409 1, 509, 409 160, 070 170,011 184, 170 194, 445 200, 958 200, 958 62, 461 64,800 65, 800 65, 800 65, 800 65, 805 4, 662, 794 4, 846, 546 5, 078, 800 5, 095, 949 5, 090, 432 5, 109, 516 35,800 33, 256 32, 377 32, 292 32, 292 373, 000 398, 821 412, 761 423, 508 454, 119 196,000 196, 770 178, 640 174, 870 177, 238 90,100 89, 098 88,500 95, 100 95,100 253, 729 275, 739 262, 749 283,872 281, 575 281, 575 660, 855 679, 590 678, 446 699, 569 697, 272 697, 272 3, 095, 176 2, 950, 340 2, 885, 108 2, 917, 836 3, 013, 390 1, 295, 456 1, 292, 101 1, 387, 349 1, 461, 945 1, 470, 384 1, 470, 384 204, 687 208, 475 213, 596 221,713 226, 786 226, 786 53,317 54, 104 51,768 51, 768 51, 768 51, 968 5, 309, 521 5, 329, 446 5, 281, 699 5, 320, 103 5, 364, 046 4, 762, 528 38, 100 36, 200 35, 284 35, 810 35, 810 349, 566 353, 266 344, 391 344, 227 346, 503 156, 942 161, 148 162, 198 164, 042 171, 264 82,500 78,400 77, 700 81,200 85,700 85,700 final final final final final final estimate estimate estimate estimate estimate estimate 1934 June estimate. _ July estimate August estimate. September estimate O ctober estimate November estimate 1925 June estimate _ July estimate August estimate September estimate — October estimate November estimate 1936 June estimate July estimate.. August estimate 407, 156 403, 851 415, 697 415, 697 415, 697 415, 697 3 _ 1 Yearly figures represent the latest revised estimates of total production for the year as reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics. Monthly figures are estimates of the current year's crop as made during the first week of that month. The estimates made in December of each year are subject, to revision in the final estimate made in December of the following year. 2 Estimated total value of all crops based on prices at the farm on Dec. 1. 3 June figures for total bread grains include corn as estimated on July 1. 78 Table 54.—WHEAT FLOUR RUSSELL'S COMMERCIAL NEWS i BUREAU OF THE CENSUS a Production ConStocks, sump- end of month tion Production YEAR AND MONTH Thousands of barrels 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly average average average average average average average 9,703 9,338 9,919 9,815 9,317 11, 091 1920 monthly average 1921 monthly average 1922 monthly averagee 1923 monthly averag 1924 monthly average 1925 monthly average 8,156 9,433 9,146 10, 102 10, 466 10, 480 11,047 10, 433 8,237 8,943 8, 569 9,291 7,148 9,223 7,701 9,719 7,344 9,506 7, 046 1924 January February March April... 11,000 10,286 10, 578 9, 521 9,299 7, 150 8,711 9, 572 May .... June July August 9,765 9, 332 10, 395 11, 812 9,089 7,759 8,717 10, 598 September October November December _ 13, 798 13,404 11, 665 11,007 _ Wheat ground Wheat *>« Thous. of bus. Thous. of bbls. Wh *at Si Thous. of Ibs. CANADA 3 tion Thousands of barrels 7 762, 180 734, 824 666, 255 756 \ 54 52 11.58 7.05 6.14 5.36 5.98 7.67 746, 040 705, 402 698, 911 643, 588 52 53 49 45 8,256 8,064 1,850 1,811 1,719 1,449 1,716 1, 539 1,426 1,038 1,052 1,092 1,398 890 6.20 6.31 6.30 6.35 5.25 5.35 5.33 5.29 660, 271 651, 532 696, 582 799, 698 47 48 50 58 8, 361 1,881 1,413 1,354 1,426 977 1,174 789 949 1,057 903 613 626 6.64 6.86 7.49 7.54 5.47 5.58 | 5.83 6.23 823, 390 977, 381 719, 164 695, 925 64 65 59 53 1,737 2,143 1,708 1,440 1,463 1, 852 1,616 1, 452 967 1,145 905 828 7.44 8.01 8.16 8.90 6.07 6.67 6.87 7.79 762, 489 648, 197 576, 955 536, 263 58 53 43 40 7,692 7,037 1,698 1,557 1,668 1,244 988 939 1,387 955 875 834 1, 385 710 9.69 9.85 9.04 8.25 8.81 8.67 7.97 7.04 4,562 5,960 4,663 1,015 1,239 1,340 1,029 690 820 775 874 482 596 815 685 8.87 8.53 8.65 8.83 7.22 7.51 6.95 7.57 7,143 10, 181 1,601 2,308 800 1,012 872 1,009 1,022 1,210 1,042 8.31 8.26 8.54 9. 18 7.43 7.41 7.61 7.89 6,400 6,800 7,400 7,500 36, 688 36, 293 39, 272 45, 434 7, 896 11, 160 11, 107 11, 468 10, 555 8, 675 9,100 7,700 6,700 47, 857 51, 863 41, 982 40, 428 11, 705 10, 189 9,307 8,183 10, 017 7,400 6,850 6,400 6,200 45, 010 37, 720 33, 548 31, 066 9,853 8,248 8,151 8,917 10, 377 11,049 7,969 7,877 7, 400 31, 874 35, 526 40, 651 42, 817 6,942 7,745 8,840 9,292 553, 750 621, 141 7, 801 10, 676 5,700 5,900 7,700 754, 446 43 46 52 56 12, 501 13, 165 10, 869 10, 783 10, 701 12, 655 10, 101 10, 676 8,400 7,900 7,800 6,900 45, 952 49, 799 42, 416 41, 232 9,938 10, 728 9,128 833, 270 907, 390 769, 375 347, 425 62 61 56 53 10, 459 9, 1ST 8, 855 $3.85 4.13 5.61 6.09 10. 55 10.30 10.70 12.68 8.34 7.30 6.38 7.18 8.83 8,970 11,371 $4.58 5.10 6.66 7.26 11.39 8 () 12.00 394 606 790 928 956 860 41, 834 39, 180 88, 809 35, 680 9,842 Dollars per barrel 1, 654 1,400 1,252 1, 359 1,333 927 7,200 6,800 6,700 8, 465 Standard Winter patstraights, ents Kansas MinneCity apolis 2,204 • 9, 288 8,943 7,797 Canada s i 7,228 7,682 United States * 408 389 464 660 731 839 839 7 42, 872 41, 277 39, 801 8,588 Produc- 1,023 1,064 1,305 1,198 1,161 1,809 i 8, 433 8, 355 WHOLESALE PRICES * • I Per cent Wheat of total ground capacity operThous. ated of bus. 1 8, 642 EXPORTS 6, 386 6,886 7, 418 7, 645 6,464 6,333 6,061 6,409 7, 745 9,558 7,644 6,473 1,422 1,559 1,661 1935 January February March April .. May June July August _- . September October November __ ._ 9,800 8,370 7, 429 7, 347 6,781 8,864 708,349 7, 552 5, 585 5,611 .1 1936 j ! ay i i Reported by U S Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Russell's Commercial News, the Droduction and stock figures being prorated to 100 per cent from representative current data bearing a known relation to the total figures. Stocks represent flour in all positions. Consumption is calculated from production, stocks, exports, and imports. Monthly production figures from January, 1914, are given in the October, 1922, 1SSU 2 Compiled1?!6*/.'^. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 84 per cent of the flour manufactured in 1921, according to the Census of Manufactures. 3 Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom mills. The detailed reports of Canadian milling statistics also contain data on other grains as well as a division into eastern and western territory. Monthly data through * WhofSile^riceTfrom' C/fs. Department of Labor, Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May, " * Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 8 Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics. ?8 Average for last six months of year. No quotations. 79 Table 55.—WHEAT AND CORN CORN WHEAT Ship- United States 3 Receipts 2 ments 2 United Canada \ IncludStates Wheat ing only wheat flour YEAR AND MONTH Canada * Cash, Ship- GrindVisible ReNo. 1, 3, supply i ceipts 2 ments 2 ings 6 Corn, connorth- No. inred tract, ern winter, clud- grades spring, ing ChiWheat Chi2, corn No. only cago cago Chimeal cago Dols. per bu. Thousands of bushels 14, 198 16, 335 19, 919 12, 897 19, 277 23, 034 18, 230 14, 072 17, 405 22, 259 8, 378 10, 540 5, 993 13, 145 15, 804 12,533 3,484 $0. 91 1.04 1.34 1.24 2.32 2.42 2.56 $0.99 1.01 1.31 1.35 2.28 2.21 2.34 11,117 11,486 16, 210 12, 736 6,122 10, 266 4,101 21, 158 17, 447 24, 774 14, 995 27, 038 36, 369 35, 009 32, 363 40, 878 27, 993 23, 252 24, 318 23, 107 18, 038 29, 891 21, 182 18, 191 23, 338 13, 724 8,211 13,859 7,700 25, 636 29, 639 19, 359 14, 327 19, 8*31 11, 306 6,498 10, 776 11, 374 17, 923 21, 406 18, 529 2.60 1.47 1.28 1. 16 1.31 1.67 2.52 1.44 1.24 1.17 1.28 1.77 6,254 20, 686 25, 137 11,660 12, 870 16. 981 122, 902 126, 495 121, 648 93, 380 15, 875 19, 803 17, 997 10, 123 11,200 10, 616 12, 020 12, 017 4, 421 3,095 2,958 3, 747 12, 143 10, 018 9,375 8,418 12, 322 11, 770 13, 446 6, 085 1.13 1.17 1.17 1.13 1.11 1.13 1.09 1.04 45, 258 36, 496 43, 779 76, 537 62, 299 44, 932 31, 306 19, 789 15, 368 16, 410 35, 074 92, 987 16, 646 13, 714 16, 302 52, 826 2,811 4,975 4,049 16, 835 7,206 10, 258 7,600 21, 106 41, 228 24, 075 16, 135 8, 184 1.18 1.12 1.40 1.36 88, 291 96, 528 105, 533 96, 114 13, 501 52, 099 76, 740 79, 221 82, 075 88, 022 60, 503 36, 293 58, 482 72, 066 50, 151 32, 651 32, 662 45, 128 27, 831 17, 791 39, 244 53, 536 35, 103 24, 325 10, 268 14, 288 26, 982 29, 847 81, 796 74, 167 63, 327 47, 864 79, 341 76, 187 75, 048 58, 212 24, 734 19, 923 17, 260 10, 422 19, 864 16, 168 18, 367 14, 226 o,484 7, 387 9,961 8, 304 12, 930 11,613 16, 203 12, 722 36, 911 30, 420 33, 248 38, 167 48, 744 40, 087 22, 513 7, 586 17, 659 21, 866 41, 783 43, 342 21, 067 17, 719 22, 693 27, 652 9,870 7,070 9,288 9, 901 54, 543 49, 651 49, 774 55, 024 58, 306 76, 239 103, 584 119, 077 57, 862 36,045 34, 127 34, 897 28, 151 24, 508 22, 324 22, 448 9,391 4,354 4,696 3,695 21, 640 12, 358 32, 665 32, 604 32, 173 61, 055 47, 831 25, 871 32, 750 18, 861 21,619 32, 517 31, 493 41, 987 36, 795 37, 131 57, 601 71, 724 51, 241 24, 583 36, 516 56, 510 63, 693 70, 359 63, 749 January February March April 75,111 72, 914 66, 739 57, 383 May June July.. August monthly av monthly a v monthly av monthly av monthly av monthly av monthlv av 1920 1921 1922 1923 1924 1925 monthly av monthly av inonthlv av monthly av monthly av monthly av __ __ Dols. per bu. Thousands of bushels 8,292 14, 432 17, 161 12, 838 8,850 9,265 12, 341 50, 802 57, 379 38, 155 65, 974 30, 393 51, 051 78, 231 1913 1914 1915 1916 1917 1918 1919 Ex- Wholesale 5 ports 3 prices Wholesale prices « Exports Visible supply i 10, 233 13, 525 8,845 4,195 3,817 4, 664 5,276 4,952 6,142 5, 411 3, 910 1,418 4, 185 4,603 4,751 3,922 1,334 $0.63 .70 .73 .83 1.64 1.61 1.60 17, 985 28, 409 32, 814 22, 642 23, 179 18,. 887 9, 653 18, 949 21, 552 14, 211 14, 033 11,261 5,055 4,875 5,566 5,513 6,279 5, 855 1,769 11,015 13, 844 3,724 1,681 1,122 1.41 .58 .62 .82 .97 1.04 10, 492 20, 517 27, 284 19, 735 30, 600 43, 442 30, 345 17, 535 19, 648 21, 213 17, 361 15, 912 6, 758 7,152 7,835 6,437 3,016 3,542 4,028 2,150 .76 .80 .80 .79 1.07 1.12 1.25 1.32 13, 480 9,184 5,475 5,612 16, 131 17, 415 18, 225 19, 340 17, 546 14, 505 11, 205 10, 749 5,027 5,621 5,835 6, 433 1, 853 1,017 654 782 .78 .84 1.06 1.17 1.35 1.49 1.53 1.69 1.34 1.53 1.57 1.77 6,400 8,497 8,072 19, 693 21,428 19, 511 15, 223 28, 953 11,937 11, 826 7,126 9,365 6,368 6,926 5,433 5, 520 802 729 932 571 1.16 1.11 1.13 1.23 6,103 4,146 4,423 4,953 1.91 1.84 1.69 1. 55 2.01 1.98 1.77 1.70 28, 812 34, 199 36, 526 25, 253 37, 038 21, 274 24, 916 10, 224 14, 290 12, 270 13, 692 14, 243 6, 751 6, 198 5, 672 5, 240 896 704 89 1,109 1.27 1.24 1.17 1.08 12, 975 10, 760 8,777 11, 832 14, 883 9,784 13, 097 15, 336 1.68 1.62 1.59 1.64 1.89 1.82 1.59 1.68 18, 676 16, 040 6,832 7,135 11,566 17, 860 9,891 17, 774 10, 058 13, 676 10, 697 9,373 4,983 5,498 4,430 5, 567 843 964 844 849 1.14 1.10 1.07 1.05 12, 092 8,910 8,621 8,235 15, 876 41, 896 34, 840 57, 008 1.56 1.55 1.61 1.77 1.67 1.64 1.71 1.80 5,912 2,209 3,077 19, 095 12, 583 12, 881 18, 456 32, 180 8,318 8,693 7,692 12, 131 5,902 7,037 6,497 6,489 1,240 1,292 1,210 3,428 .92 .83 .84 .80 30, 851 10, 268 7,191 1924 September _ _ October. __ November December. . _ _ 1925 January February March i April. _. _ May June July August . _ September October November __ December 1926 January February March April .. May June . i 1 12 Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. J> At principal primary markets, as compiled by the Chicago Board of Trade and reported by the Price Current Grain Reporter. 3 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly figures from 1920 appeared in May, 1922, issue (No. 9), p. 88. Wheat flour4 has been converted to wheat equivalent at 41^ bushels to the barrel, while corn meal has been converted at 4 bushels to the barrel. Exports from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics. 5 From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91. d Grindings of corn by the wet process in the manufacture of cornstarch, glucose, etc., compiled by the Associated Corn Products Manufacturers from reports of 11 firms, comprising the practically entire industry. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. 80 Table 56.—OTHER GRAINS AND HAY BARLEY YEAR AND MONTH RYE TOTAL GRAINS OATS HAY WholeCanada ' ExResale ReExports,3 Exports, prices, ceipts j Exports, WholeReceipts ports, ceipts Wholesale includat iiiclud- prices, at includ- sale at includ- by saming Producing prining ple, fair prinprices, prin- Visible Visible ing No. 2 tion, flour Receipts » cipal flour suppiy 2 cash, cipal oatcipal supply 2 flour to good, cash, Grindoatmeal! and as interior1 Chi- 4 interior as malt- interiorj meal Chiings and meal as 4 margrain grain 3 ing* as cago marcago markets rolled grains ketsi grain 3 Chikets* oats cago 4 Thousands of bushels Per bushel 1913 mo. av 1914 mo. av 1915 mo. av 1916 mo. av 1917 mo. av._. 1918 mo. av 1919 mo. av 9,058 7,435 8,385 9,438 6,907 6,118 7, 746 5,021 5,24] 4,071 5, 040 4,818 4,483 8,708 1,461 554 2,211 1, 874 1,488 1,897 3,369 $0. 63 .62 .70 .87 1.32 1.31 1.22 1920 1921 1922 1923 1924 1925 3,815 3,321 3,367 3,904 5,207 5,517 3,438 2,913 2,002 2,352 2,498 3,974 1,489 2,153 1, 536 984 1,477 2,381 1934 January February March April 2,916 3,381 2,993 2,804 2, 495 1,764 1,593 849 May.. June July August. . 2,204 3,972 1,498 3,791 September October November December Thousands of bushels Per bushel Per bushel Thousands of bushels Thous. of bus. Thous. Thous. of Ibs. ! of bus. Tons 3,988 155 189 1,138 1,320 1,224 1, 359 3; 375 $0.64 . 77 1.09 1. 11 1.87 1.94 1.53 20, 694 22, 200 22, 651 27, 299 24, 844 28, 335 19, 264 22, 907 24, 390 20, 481 30, 336 23, 493 22, 703 22, 898 3,018 223 8,993 8,791 9,370 10, 815 5,551 $0.38 .42 .50 .46 .64 .78 .70 20, 764 13, 973 39 560 34 817 30 903 35, 406 35, 878 124,870 | 120, 675 i 1.26 .64 .63 .66 .82 .85 3,712 2, 573 5, 353 3,683 5,414 2,489 4, 938 2,512 3, 985 2,667 3,082 2,408 1.87 1.21 .89 .75 .92 1. 13 17, 800 17, 880 19, 063 19, 974 22, 046 19, 512 17, 609 50,863 49, 317 19, 637 30, 675 58, 755 1, 357 698 2,979 966 694 3,109 .80 .39 .40 .44 .51 .47 821 821 1,053 996 9,610 10, 322 15, 362 11,098 35, 191 46, 002 41, 672 22, 668 26, 817 20, 796 119, 102 69, 948 76, 873 76, 493 80, 006 72, 343 299 613 969 706 .71 .74 .75 .80 1,807 1,938 1,677 960 821 402 365 2,147 .73 .72 ^69 .66 16, 208 18, 778 16, 771 13,769 18, 712 19,011 17, 739 11,568 639 485 323 185 .47 .49 .48 .49 1,275 1, 098 1,139 857 20, 104 16, 548 16, 582 11,350 17, 066 15, 061 15, 059 13, 606 100, 367 103, 963 80, 255 65, 624 768 471 293 863 448 513 1,054 1,396 .76 .78 .83 .85 2,488 1, 674 4, 954 4,736 1, 999 3,732 1,332 1.497 .67 .73 .86 .92 13, 737 14, 003 10, 510 27, 561 7,427 6,322 3,922 13, 210 137 177 233 217 .49 .50 .56 .53 905 857 1,085 957 13, 083 13, 452 16, 652 14, 798 11, 643 15, 696 11, 090 24, 998 70, 455 76, 090 61, 672 65. 275 13, 965 12, 296 7,258 5,405 4,700 5,209 5, 481 5,484 1,955 5,315 2,710 1,744 .87 .91 .86 .94 14, 291 17, 708 8,932 3,802 11,579 10, 927 1,323 856 1.02 1.28 1.31 1.40 55, 710 39, 149 18, 620 19, 738 50, 690 71, 157 71, 997 76, 343 662 2,735 1,366 1,171 .50 .52 .52 .60 1,010 1,097 1,218 1, 134 15, 157 15,945 16, 199 14, 467 | 54, 242 73, 243 41, 433 28, 608 86, 031 95, 037 81, 001 74, 303 4,940 4,210 3, 359 2,038 ' 3,939 3,850 3,834 2,773 1, 522 881 864 934 .97 1.00 .92 .88 2,134 2,823 833 1,506 1,208 944 2,408 10, 749 1.59 1.58 1.35 1.12 23, 474 14, 110 12, 851 11,679 77, 579 76, 519 67, 509 50, 995 934 843 1,006 917 .60 .57 .49 .45 879 659 689 672 11,159 7,133 7. 469 7,358 17, 538 14, 984 21, 376 26, 310 101, 595 69, 869 74, 305 45, 985 May. June July.. August 2,662 3,382 3,086 11, 929 1,809 1,657 1,099 3,367 1,608 667 1,940 4,564 .88 .89 .88 .81 4,554 889 403 1,939 5, 795 1,627 3, 794 1,036 1. 19 1.09 .98 1.07 11,845 17, 363 16,591 48, 399 37, 520 37, 530 28, 020 54, 715 3,908 2,398 4,292 7,073 .48 .51 .48 .42 594 667 667 727 0, 898 8,449 8, 581 9,347 25, 130 16, 416 23, 647 25, 354 54, 349 48, 022 71, 783 79, 611 September October November December 14, 993 6,445 4,791 4,364 6,036 5,642 6,422 7,257 9,103 3,043 2,493 958 .75 .74 .72 .72 6,639 3,304 2,598 2,243 1, 054 127 62 95 .88 .84 .88 1.04 29, 243 18, 918 14, 094 15, 582 69, 960 69, 216 68, 739 66, 762 6,279 4,744 2,443 2, 466 .40 .40 .40 .44 1, 062 1,197 1,257 1,738 15, 043 17, 782 17, 704 16, 252 30, 668 18, 116 14,829 15, 182 79, 516 76, 687 84, 068 82, 329 mo. mo. mo. mo. mo. mo. av av av av_ av av 1925 January February. __ March April. . 1926 January February March April 1,294 1,648 1, 809 1,936 1,912 i 14, 948 May June 1 Receipts of oats compiled by Chicago Board of Trade and reported by Price Current Grain Reporter, while receipts of barley and rye are compiled by the Federal Reserve Board from receipts at 17 interior centers. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. 2 Data from Bradstreet's, representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. Monthly data from 1913 appeared in November, 1925, issue of the SURVEY (No. 51), p. 23. s Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 88. Barley flour converted at 5.5 bushels to the barrel, oatmeal at 5.21 bushels to 100 pounds, and rye flour at 6 bushels to the barrel. 81 Table 57.—RICE, FRUITS AND VEGETABLES RICE i Paddy at California warehouses YEAR AND MONTH Stocks, end of month Shipments Southern paddy Siiipntents Total movement Receipts to mills at mills Total from mills Barrels or sacks of 162 pounds New Orleans APP LES Stocks, end of month WHITE CITRUS POTAFRUIT TOES ONIONS 1 ColdDomes- Imports Exports storage tic at holdmills ings 2 and (end of dealers mo.) Car-lot shipments 2 Thous. of barrels Pockets of 100 pounds 1 Number of carloads ! 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. 1918 mo. 1919 mo. av av _ av _ av av av _ av 468, 036 640, 627 591, 159 633, 910 609, 477 1920 mo. 1921 mo. 1922 mo. 1923 mo. 1924 mo. 1925 mo. av av av av av av 2 337, 223 * 1, 172, 184 188, 668 386, 862 66, 022 257, 889 639, 610 796, 277 837, 657 659, 645 707, 425 494, 586 186, 116 207, 140 392, 204 42, 977 1, 178, 780 998, 042 549, 150 468, 951 57, 463 77, 028 142, 836 436, 305 September October November December 1925 January February March April 1924 January February M arch April iVlay June JulyAugust May June _ _ July August 479, 349 652, 912 642, 918 699, 754 611,661 169, 718 203, 340 196, 238 258, 484 275, 513 278, 785 254, 825 3 994, 249 896, 093 560, 607 554, 723 957, 589 797, 973 687, 198 691, 376 536, 989 1, 075, 680 579, 922 369, 704 80, 057 1, 261, 796 787, 062 761, 908 123, 034 376, 080 293, 890 131, 569 10, 000 13, 986 9,466 5, 638 345, 365 71, 449 86, 494 148, 474 781, 670 87, 134 299, 781 274, 883 60, 143 None. None. None. 635, 971 948, 625 2, 182, 793 1, 905, 168 972, 700 28, 067 19, 072 92, 302 121, 477 583, 136 532, 886 375, 675 257, 570 448, 306 197, 214 43, 129 34, 465 97, 766 29, 183 None. None. 40, 000 2,700 2,700 None. 3, 510 136, 235 218, 009 46, 641 None. None. None. 1, 300, 000 __ September October. November December 757, 281 1, 021, 642 872, 667 682, 788 811,658 191,510 193, 597 212, 140 179, 760 222, 059 446, 741 136, 090 23, 004 41, 904 56, 327 109, 114 172, 990 139, 944 314, 063 1,800 1,752 1,865 1,940 6,950 4,754 5,737 6,796 3,417 5, 398 222, 175 318, 147 275, 358 223, 472 156, 446 133, 944 1, 287, 057 1, 291, 023 1, 253, 992 1, 343, 655 1, 142, 799 895, 170 109, 706 63, 532 52, 946 40, 105 31, 728 56, 272 327, 177 488, 412 342, 952 283, 636 128, 945 54, 556 2,383 2,344 2,570 3,391 3,484 3,319 8,580 8,042 7,734 10, 268 9,009 9,911 1, 104, 876 926, 545 818, 902 470, 496 228, 712 203, 224 177, 670 95, 165 2, 018; 819 1, 680, 373 1, 181, 972 718, 226 44, 876 31, 868 58, 695 35, 498 303, 950 177, 314 180,682 116,428 7,843 5,965 3,871 2,080 305, 995 135, 094 135, 259 130, 924 71, 433 34, 646 41, 036 1,979 429, 803 302, 640 165, 241 398, 953 32, 978 50, 364 16, 814 39, 091 75, 847 36, 908 23,234 23, 883 1, 035, 759 730, 544 2, 482, 574 1, 303, 227 2, 180, 051 1, 300, 775 1, 032, 843 933, 878 232, 916 300, 075 339, 350 151, 143 638, 303 1, 567, 621 2, 265, 121 2, 346, 514 16, 335 11,918 14, 855 27, 444 476, 373 216, 286 135, 431 155, 942 981, 194 543, 246 496, 485 389, 915 219, 817 128, 858 118, 163 95, 082 1, 867, 227 1, 559, 679 1, 059, 649 674, 106 11, 000 45, 218 8,252 566, 268 108, 766 74, 401 8,252 566, 268 337, 221 192, 507 140, 316 315,239 117, 128 38, 849 89, 607 101, 054 853, 330 925, 254 1, 130, 866 1, 671, 725 856,840 1, 061, 489 1, 348, 875 1,718,366 619, 078 942, 366 834, 604 751, 701 135, 778 186, 218 172, 564 204, 210 15; 005 1, 304 j 1, 596 1,835 1,740 5, 975 7,500 5, 882 8,261 8,562 7, 299 14, 627 18, 206 19, 930 18, 956 20, 178 19, 585 2, 163 1,932 2,163 2, 132 2,502 2,453 7,961 7,995 6,162 3,373 9, 735 11, 693 12, 251 12, 680 18, 983 19, 862 22, 091 18, 406 2,411 j 2,092 | 1,898 2,270 761 199 43 47 2,201 866 2,312 2, 927 10,817 7,811 4,100 3,856 17, 506 20, 470 22, 938 15, 959 2, 752 981 2,057 2, 405 27, 675 89, 679 216, 418 275, 318 820 5,758 7,743 6,673 13, 261 35, 937 19,045 6,068 3,116 4,185 11, 307 11, 187 20, 450 32, 524 20, 191 12, 757 3,864 4,545 2,876 1,869 41, 497 78, 493 98, 554 60, 728 108, 979 114, 109 79, 085 63, 246 5,233 3,761 2,272 1,143 4,980 3,802 3,244 2,216 12, 036 10, 402 11,309 10, 417 21, 159 19, 886 20, 862 19, 532 2, 713 1,984 1,533 2,900 363, 747 223, 542 95, 427 398, 186 55, 333 34, 351 63, 238 109, 753 52, 574 43, 854 13, 946 25, 865 399 104 42 64 1,525 889 2,667 3,956 8, 332 5,464 3,587 2,442 19, 397 19, 976 17, 467 14, 326 1,932 590 1,725 2,391 632, 444 751, 680 1, 090, 571 2, 045, 781 24, 409 18, 568 23, 586 66, 751 13,293 28, 248 41, 666 69, 803 1,422 7,489 9,398 8,502 19, 103 41, 324 19, 478 7,244 2,379 2,639 9,229 9,350 22,763 32, 545 15, 980 11, 125 3,994 5,157 2,968 1, 554 11,397 12, 055 14, 105 i 1926 January February. March April , j May June - j " i 1 Southern receipts, shipments, and stocks at mills from Rice Millers' Association, comprising movement of the whole rice crop except California rice. Data on paddy at all California warehouses from Rice Growers' Association of California. The column "Total movement to mills" is a total of the shipments from California warehouses and receipts at Southern mills, thus giving a view of the total movement of domestic rice to the mills. Shipments of rice through New Orleans compiled by New Orleans Board oj Trade. Imports arid exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, data for rough rice being reduced to the equivalent clean2 rice at 162 pounds of rough to 100 pounds of clean, as barrels or sacks of 162 pounds are equivalent to clean rice pockets of 100 pounds each. Data on cold-storage holdings of apples and on car-lot shipments of fruits and vegetables compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Citrus fruit shipments consist of oranges, lemons, and grapefruit. * Average for 10 months, March through December. 79396 °—26 6 82 Table 58.—TOBACCO I UNMANUFACTURED MANUFACTURED PRODUCTS Wholesale price 5 Stocks J (quarterly) Sales, Production loose-leaf Exports, Chewing, (crop J leafs waresmoking, estimate) houses 2 snuff, and YEAR AND MONTH export types Cigar types ! Burley, ManuTotal, food factured including eaf, imported dark red, tobacco and types Louissnuff 3 ville Dollars per 100 pounds Thousands of pounds 1909-1913 monthly average 1913 monthly average 1914 monthlv average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 996, 176 953, 734 1, 034, 679 1, 062, 237 1, 153, 278 1, 249, 276 1, 439, 071 1919 monthly average 1920 monthly average 1921 monthly average 1922 m onthly average 1923 monthly average 1924 monthly average 1925 monthly average 1, 465, 481 1, 582, 225 1, 069, 693 1, 246, 837 1, 515, 110 1, 242, 456 1, 349, 660 Consumption B (tax-paid withdrawals) Large cigars Thousands of pounds Exports 3 Small cigarettes Cigarettes Thousands 31, 417 36, 754 28, 827 35, 877 39, 784 21, 186 33,656 810, 469 835, 462 915, 452 821, 564 923, 240 975, 427 369, 802 344, 971 361, 114 286, 007 275, 770 291, 214 1, 234, 014 1, 224, 524 1, 343, 396 1, 165, 332 1, 250, 801 1, 337, 747 $13. 20 14.65 13.79 15.23 22.30 36.57 36, 990 38, 745 36, 863 38, 847 40, 248 41, 423 630, 959 597, 849 549, 932 586, 844 629, 991 587, 796 1, 296, 308 1, 404, 636 1, 497, 029 2, 107, 525 2, 944, 272 3, 888, 075 193, 234 200, 602 173, 015 354, 889 584, 977 1, 012, 128 6 82, 149 65, 280 74, 254 41, 601 42, 028 40, 261 52, 398 63, 826 38, 946 42, 946 35, 907 41, 434 48, 005 39, 201 1, 030, 642 1, 026, 109 1, 227, 487 1, 121, 075 1, 207, 714 1, 329, 960 1, 383, 519 303, 343 327, 185 344, 617 386, 091 404, 584 410, 435 398, 243 1, 402, 525 1, 440, 507 1, 650, 022 1, 587, 422 1, 689, 639 1, 814, 686 1, 864, 016 32. 35 34.18 29.28 27. 50 27.78 26.03 24.79 35, 339 33, 324 32, 208 35, 019 34, 342 I 34, 390 34, 194 589, 363 661,418 563, 218 574, 383 583, 241 554, 867 541, 729 4, 426, 649 3, 720, 072 4, 240, 181 4, 463, 752 5, 370, 890 5, 917, 368 6, 663, 134 1, 350, 981 1, 319, 489 711, 973 956, 334 1, 027, 303 882, 616 678, 803 76, 986 48, 019 24, 108 4,800 50, 528 42, 590 65, 798 63, 732 28.00 28.00 28.00 28.00 38, 191 35, 353 34, 847 32, 866 504, 024 498, 796 515, 895 501, 422 6, 256, 784 4, 854, 526 5, 268, 703 5, 323, 295 989, 742 661, 558 656, 093 1, 135, 192 43, 950 55, 854 33, 813 34, 805 28.00 25.38 24.50 24. 50 34, 948 33, 565 34, 407 34, 959 553, 320 562, 732 595, 063 573, 627 6, 391, 902 6, 455, 228 6, 583, 240 6, 315, 641 1, 164, 533 1, 215, 852 744, 575 782, 420 24.50 24.50 24.50 24.50 36, 715 38, 043 30, 210 28, 871 605, 608 635, 231 601, 413 511, 277 6, 273, 217 6, 488, 187 5, 356, 074 5, 441, 526 867, 829 697, 089 838, 842 837, 663 24. 50 24.50 24. 50 24.50 35, 457 33, 172 34, 346 34, 159 474, 803 451, 562 504, 304 493, 775 6, 652, 475 5, 681, 227 6, 270, 421 6, 048, 354 707, 071 734, 952 720, 837 969, 566 24.50 25. 00 25. 00 25.00 34, 338 34, 630 35, 653 35, 358 514, 509 569, 743 575, 823 557, 432 6, 465, 490 7, 434, 013 7, 612, 281 6, 983, 027 1, 004, 479 709, 665 316, 902 714, 978 25.00 25.00 25.00 25.00 36, 154 38, 061 30, 342 28, 657 575, 764 711, 222 598, 478 473, 336 7, 119, 055 6, 925, 427 6, 516, 922 6, 248, 920 336, 145 488, 130 499, 756 943, 158 1934 January February March April _ May June July August 1, 240, 513 1, 202, 350 4,795 1,698 591 33, 434 September October November December 1, 195, 099 1, 181, 620 1, 360, 661 1, 242, 456 68, 075 83, 090 66, 854 71, 676 37, 907 56, 821 45, 722 44, 545 93, 551 51, 833 14, 556 4,307 36, 150 24, 127 32, 475 30, 850 1, 282, 916 1, 234, 096 1,156 239 69 39, 144 22, 415 27, 460 39, 037 34, 890 1, 247, Oil 1, 228, 972 1, 264, 226 1, 349, 660 91, 682 98, 657 112,615 120, 972 50, 694 52, 784 51, 141 68, 375 _ 1, 485, 969 420, 936 1, 976, 569 1, 327, 852 442, 696 1, 843, 737 1, 239, 936 407, 066 1, 724, 767 1, 266, 083 371, 043 1, 713, 670 1, 522, 217 422, 966 2, 035, 678 1, 337, 784 423, 975 1, 847, 225 1, 289, 44 389, 913 1, 754, 596 1, 384, 627 356, 119 1, 818, 564 1925 January February March ! April 1 i May June July \ August September October November December 1926 ! i January.. February March ! April May. June _ . _ _ -. 1 Estimate of production of the tobacco crop from the TT. S. Department of Agriculture, Bureau of Agricultural Economics. The annual figures represent the latest revised estimates of the year's total crop, not monthly averages, while the monthly figures represent the current estimate of the total crop for the year made the first week of each month. Revisions of the December estimate for each year are made in December of the following year. a Sales of tobacco from loose-leaf warehouses compiled by the Federal Reserve Board, Division of Research and Statistics from reports of State authorities of Kentucky, North Carolina, South Carolina, and Virginia, which States grow about 75 per cent of the total tobacco crop. Sales from Kentucky were not available for the first six months of 1919, so that the year's figure is partly estimated by estimating the Kentucky figures for the first half year as equal to the sum of the sales in the other reporting States, which is approximately the normal proportion of Kentucky sales to the total. 3 Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. * Stocks of leaf tobacco held by manufacturers and dealers compiled by the U. S. Department of Commerce, Bureau of the Census. During the years 1913, 1914, 1915, and 1916 the data were collected semiannually in March and September, the quarterly collection commencing with December, 1916. Therefore the averages for the years 19138through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters. Wholesale price of burley, good leaf, dark red tobacco at Louisville is averaged for the month compiled by the U. S. Department of Labor, Bureau oj Labor Statistics. 6 Figures of consumption of tobacco products from U. S. Treasury Department, Bureau 0} Internal Revenue, represent withdrawals from bonded warehouses upon payment of tax for domestic consumption. The figures for manufactured tobacco and snuff comprise plug, twist, fine-cut, and smoking tobacco and snuff. Figures for cigars are those for large cigars, weighing over 3 pounds per thousand, while for cigarettes, small cigarettes are taken, weighing 3 pounds per thousand or less; in both cases the series taken represent over 90 per cent of the totals for each class. 83 Table 59.—LIVESTOCK MOVEMENT1 HOGS CATTLE AND CALVES Price Shipments steers, good to Local Total Total slaugh- choice, corn receipts Stockreceipts Stockter er and Total er and Total fed, Chifeeder feeder cago 2 SHEEP AND LAMBS Shipments YEAR AND MONTH Dolls, p. 100 Ibs. Thousands of pounds 1913 mo 1914 mo. 1915 mo. 1916 mo 1917 mo. 1918 mo. 1919 mo. av av av av av__ av__ av__ 1, 094 2, 104 2,054 3S2 408 440 747 850 894 mo. a v _ _ mo. av__ rno. av__ mo. av__ mo. av.. _ mo. av_ _ 1,866 1,649 1,935 1,935 1,975 2, 006 336 292 406 380 331 316 1923 September. __ October November December 2, 295 2,802 2,182 1,810 1924 January _ February March April 1, 109 1,241 1, 141 3,159 3,766 3,737 64 81 75 1,027 1,185 1,194 818 717 887 839 808 786 1,034 923 1,036 1,086 1, 154 1,205 14.49 8.76 9.46 9.96 9.68 10.65 3,549 3,425 3,672 4,611 4,618 3,661 61 42 49 68 42 48 631 785 624 353 1,156 1,382 1,131 788 1,104 1,373 1,106 1,018 10.66 10.45 9.84 9.79 3,607 4,816 5,416 5,825 1,888 1,457 1,556 1,751 243 170 175 239 716 540 549 627 1,155 915 991 1,108 9.47 9.71 10.07 10.78 May June July August 1,890 1,673 1,798 1,934 275 201 169 306 746 631 641 826 1,141 1,030 1,141 1,092 September October November. ._ December 2,566 2,737 2,363 2,083 580 751 549 309 1,166 1,339 1,096 816 1925 January February March April 1,869 1,530 1,860 1,827 207 176 241 271 1,737 1,746 1,970 2,245 2,157 2,789 2,282 2,056 1920 1921 1922 1923 1924 1925 May June July August . September October November December Local Total slaugh- Ewes, receipts Stockter Chierand Total feeder cago Dolls, p. 100 Ibs. Thousands of pounds $8 51 7.04 8.70 9 58 12.81 16.42 17.50 2,157 2,572 2,536 $8 37 8.36 7.13 9 62 15.71 17.60 18.24 1,618 1,869 2,265 352 432 578 808 1,011 1,210 1,273 1,228 1,277 1, 595 1, 684 1, 355 2,272 2, 194 2,395 3,015 2, 932 2,305 14.19 8.45 9.39 7.70 8.48 12.22 1,876 2,014 1,864 1, 838 1,850 1,842 430 258 346 373 390 353 102 101 70 46 1,336 1,669 1,799 1,911 2,276 3,129 3,657 3,919 8.64 7.78 7.13 7.05 2,659 3,465 1,816 1,526 6,253 5,335 4,833 4,374 50 47 52 57 2,198 2,126 1,854 1,559 4,016 3,227 2,976 2,809 7.23 7.08 7.35 7.43 10.27 9.60 9.56 9.48 4,321 4,296 4,091 3,196 46 29 23 25 1,608 1,417 1,477 1,213 2,735 2,852 2,605 2,017 1,312 1,432 1,267 1,265 9.02 9.50 9.16 9.55 3, 216 3,990 4, 904 6,604 35 56 40 38 1,252 1,469 1,760 2,271 708 555 645 664 1,150 967 1,179 1,163 9.31 9.47 10.20 9.99 6,105 4,558 3,528 3,246 38 35 92 41 216 154 243 360 602 534 706 886 1,123 1,190 1,252 1,281 9.66 10. 50 11.56 12.08 3,283 3,507 2, 798 2,549 422 697 472 333 938 1,348 1, 017 833 1,227 1,450 1, 232 1,248 12.44 11.91 10.58 10.04 2, 741 3, 390 3, 844 4,380 756 855 1,054 $4.69 5.04 5.93 7.17 10.33 11. 29 9.35 $7.79 8.12 9.23 10.02 16.09 17.33 16.13 1,043 944 973 978 983 968 915 1,072 889 858 847 867 8.74 3.41 5.81 6.09 6.91 7.21 15.90 9.99 13.22 13.46 14.29 15. 22 897 1,489 540 154 1,745 2,443 1,097 688 894 981 777 837 5.48 5.28 5.66 6.44 13.19 12.78 12.28 12.50 1,697 1,412 1,367 1,348 149 106 83 105 773 693 654 613 920 725 719 726 7.19 8.43 9.98 9.94 13.33 14. 55 15.78 15.94 7.44 7.25 8.19 9. 61 1,344 1,550 1,672 2,005 118 153 226 444 629 650 712 1,022 723 903 959 978 6.63 4.83 4.84 5.97 14.22 14.73 13.75 13.28 1,959 2,525 3,132 4,335 9.86 10.78 9.58 9.96 3,027 3,295 1,879 1,605 973 1,441 676 206 1,876 2,267 1,154 750 1,097 1,020 540 854 5.41 5.81 6.33 7.58 13.18 13. 44 13. 34 15.98 2,176 1,580 1, 239 1,199 3,910 3,010 2,285 2, 039 10.80 11.15 13.48 12. 58 1,467 1,388 1,504 1,541 138 119 95 109 688 675 670 704 786 711 836 833 8.69 8.44 9.18 7.92 17.63 17.27 16.05 14.16 36 49 35 30 1,346 1,222 995 952 1,931 2,298 1,804 1,586 12.18 12.70 13. 79 13.13 1,689 1,603 1,699 2,064 178 137 186 421 877 603 763 1,037 830 908 939 998 6.53 5.63 6.31 6.40 12.28 14.87 14.66 14.60 33 45 61 77 1, 092 1,323 1,524 1,618 1,645 2,081 2,300 2,776 12.88 11.69 11.32 10.88 2,627 3,198 1,712 1,608 839 1,338 460 220 1,613 2,287 927 771 981 945 793 840 6.19 6.41 6.79 8.06 15.09 14.81 15.25 15.94 i I 1 Lambs, Chicago Dollars per 100 pounds Thousands of pounds 1936 January February. _. March April May June Price - Shipments Price, Local slaugh- heavy, Chiter cago 2 I I 1 These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the W. S. Department of Agriculture, Bureau of Agricultural Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115. 2 From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91. 84 Table 60.—PORK PRODUCTS PRODUCTION i— INSPECTED SLAUGHTER YEAR AND MONTH Total pork products COLD-STORAGE HOLDINGS 3 (end of month) EXPORTS 2 Lard Total Lard Other products Total Lard Fresh and cured APPARENT CONSUMPTION* WHOLESALE PRICES s Total pork products Lard, Smoked prime hams, contract, Chicago New York Thousand of pounds 1913 monthly average. _. 1914 monthly average. __ 1815 monthly average... 1916 monthly average... 1917 monthly average.-. 1918 monthly average. ._ 1919 monthly average. __ 477, 177 450, 851 524, 294 565, 691 449, 570 583, 154 588, 978 1920 monthly average. . . 1921 monthly average... 1922 monthly average... 1923 monthly average. _. 1924 monthly aver age. _ _ 1925 monthly average. _. Dollars per pound 87,986 82, 058 76, 826 113, 205 120, 932 108, 209 187, 554 219, 803 35, 555 31, 060 45, 735 63, 409 85, 377 77, 149 141, 819 156, 394 644, 543 669, 283 875, 323 920, 959 85, 741 74, 117 90, 959 92, 212 558, 802 595, 166 784, 364 828, 747 539, 455 560, 212 618, 276 765, 178 720, 862 612, 420 104, 622 119, 216 130, 652 159, 686 160, 849 122, 503 128, 004 138, 308 123, 924 165, 620 141, 289 102, 074 51, 021 72, 412 63, 913 86, 282 78, 668 57, 234 76, 983 65, 896 60, Oil 79, 338 62, 621 44, 838 906, 345 761, 914 647, 594 837, 352 827, 581 753, 535 120, 413 119, 705 86, 573 77, 358 89, 855 108, 060 1924 January February March April 976, 966 843, 874 765, 700 690, 514 227, 689 188, 308 177, 602 170, 096 224, 660 190, 691 175, 420 137, 577 132, 758 99, 910 100, 726 73, 307 91, 902 90, 781 74, 694 64, 270 855, 020 946, 696 1, 018, 130 1, 010, 649 May June _ July August 720, 999 737, 102 731, 931 548, 939 167, 289 166, 851 177, 565 121, 584 114, 759 109, 369 148, 208 135, 104 62, 648 59, 475 86, 706 75, 937 52, 111 49, 894 61, 502 59, 167 492, 734 560, 043 668, 552 912, 990 103, 645 106, 781 130, 184 192, 596 114, 652 132, 686 91, 730 120, 607 65, 810 60, 813 49, 120 76, 803 1925 January February March April 950, 738 726, 051 547, 772 519, 331 194, 189 161, 697 115, 016 113, 277 144, 221 114, 706 123, 281 83, 215 May __ _ __ June Julv August.. 555, 823 650, 452 512, 095 457, 345 109, 183 124, 507 118, 969 90,421 September O ctober _ November December 465, 179 583, 564 606, 705 773, 984 84, 972 104, 288 106, 206 147, 307 . _ _ __- September October November December __ _ 431, 847 343, 486 378, 420 383, 581 $0. 166 .167 .153 .185 .252 .318 .343 $0. 110 .104 .094 .135 .219 .261 .290 785, 932 642, 209 561, 021 760, 019 737, 726 645, 475 417, 203 435, 295 481, 376 588, 051 600, 103 524, 662 .334 .268 .265 .212 .202 .271 .200 .111 .115 .123 .133 .168 54, 130 68, 610 85, 722 102, 317 800, 890 878, 086 932, 408 908, 332 655, 560 561, 654 518, 965 560, 605 .193 .184 .189 .190 .128 .117 .116 . 113 1, 019, 058 1, 025, 158 960, 257 835, 547 127, 949 152, 520 149, 672 124, 676 891, 109 872, 638 810, 535 710, 871 597, 918 621, 830 649, 668 539, 091 .194 .196 .204 .222 .110 .111 .120 .143 48, 842 71, 873 42, 610 43, 804 649, 371 439, 437 463, 233 708, 413 84, 198 31, 706 35, 713 61,049 565, 173 407, 731 427, 520 647, 364 565, 365 660, 248 608, 165 662, 169 .223 .216 .205 .207 .144 .165 .153 .169 78, 440 60, 3G3 63, 281 44, 447 65, 781 54, 343 60, 000 38, 768 891, 496 1, 017, 282 979, 739 965, 688 112, 704 151, 927 150, 182 151, 499 778, 792 865, 355 829, 557 814, 189 623, 912 483, 364 462, 563 450, 801 .219 .231 .269 .282 .166 .161 .171 .161 109, 173 104, 146 89, 977 83, 031 71, 135 59, 779 49, 414 45, 740 38, 038 44, 347 40, 563 37, 291 815, 460 886,713 815, 400 698, 513 138, 295 145, 919 145, 924 114, 724 748, 418 738, 655 669, 536 583, 789 526, 195 549, 338 492, 017 492, 088 .256 .263 .293 .298 .163 .176 .181 .179 100, 162 81, 321 76, 418 115, 241 60, 646 44, 745 39, 979 68, 840 39, 506 36, 576 36, 439 46, 401 539, 069 429, 861 418, 737 515, 292 71, 626 37, 258 33, 710 467, 443 392, 605 385, 027 472, 337 519, 282 592, 235 541, 736 562, 416 .292 .283 .282 .280 .178 .164 .162 .150 42, 955 1926 January February March April May June -_ 1 1 Production of pork products from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted to 68 per cent of total slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p. 95, including data on exports, storage holdings, and apparent consumption also.2 Monthly data onlard from 1916 appearedin March, 1924, issue (No. 31), p. 54. Exports reported by the U. S. Department of Commerce, Bureau of Foreign arid Domestic Commerce. The total includes bacon, ham, shoulders, lard, neutral lard, and canned, fresh, and pickled pork. In the division between lard and other products, neutral lard is included with " Oilier products." 3 Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this has been made in computing index numbers. 4 Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural Economics, from the inspected slaughter plus net imports less exports and reexports and the change in cold-storage holdings. 5 Wholesale prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data on ham prices from 1919 appeared in September, 1923, issue (No. 25), p. 55. 85 Table 61.—OTHER MEATS LAMB BEEF TOTAL MEATS Wholesale prices 5 Cold- Apparent Produc- storage ColdProductionconstorage Apparent conholdtionsumpSteer inspected ings, Good holdings, sumpinspected tion * end of 3 tion 4 native rounds, slaugh- end of slaughter 1 ter i month steers, No. 2, mouth Chicago Chicago Productioninspected Exports2 slaughter i YEAR AND MONTH Thousands of pounds 467, 135 431, 602 $0. 131 .133 .124 .130 .162 .221 .224 45, 661 44, 623 38, 445 37, 564 29, 120 31, 831 38, 539 3,722 4, 531 6,026 8,291 156, 117 99, 623 68, 521 75, 689 79, 712 80, 134 400, 648 375, 060 411, 561 427, 455 440, 131 460, 574 .230 .163 .150 .158 .171 .181 .213 .145 .145 .153 .152 .158 34, 399 41, 096 34, 820 37, 188 37, 540 38, 956 9,899 11, 669 12, 920 13, 827 102, 655 100, 007 93, 274 78, 423 453, 941 379, 016 385, 222 413, 301 .170 .170 .170 .170 .139 .145 .150 .155 445, 590 382, 657 435, 299 444, 732 13,911 11,909 14, 029 14, 387 66, 069 59, 418 49, 812 48, 906 458, 642 393, 545 444, 670 444, 321 .170 .168 165 .165 481, 787 551, 766 463, 064 441, 160 16, 375 16, 763 14, 417 9,329 47, 538 67, 244 100, 239 142, 964 480, 573 523, 893 455, 346 449, 106 480, 692 346, 086 425 740 431, 009 9,412 8,652 8,476 12, 004 140, 705 130, 809 116, 318 96, 223 435, 890 418, 082 478, 231 444, 466 14, 247 13, 212 11, 625 11, 028 473, 961 569, 094 451, 396 499, 739 9,520 8,634 7,831 11, 128 329, 810 314, 784 331, 971 383, 268 457, 910 522, 309 448, 955 13, 625 12, 163 42, 609 32, 105 32, 502 64, 444 32, 053 127, 200 192, 343 256, 523 237, 123 1920 monthly 1921 monthly 1922 monthly 1923 monthly 1924 monthly 1925 monthly 391, 387 371, 108 414, 045 427, 407 437, 667 454, 532 19, 545 15, 249 14, 456 13, 594 13, 286 10, 481 451, 782 377, 326 378, 549 398, 288 av av_ av av __ av . av 1924 J anuary February March April May June July August __ _-_ .- September October November December . . _ _. 1925 January February April May June July i August - - September, October _ __ _ _ November December— 1926 January Febuary March-. April May June. - Apparent consumption* Thousands of pounds Dollars per pound $0. 130 .136 .129 .138 .167 .221 .233 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 19 18 monthly av 19 19 monthly av _ _ Coldstorage holdings, end of month 3 38, 439 29, 141 31, 298 39, 166 852, 588 810, 258 894, 710 986, 523 936, 601 1, 137, 294 1, 075, 591 775, 465 866, 157 1, 137, 872 1, 166, 373 20, 174 22, 090 3,294 3, 742 2,495 1,731 37, 703 43, 003 35, 820 37, 615 38, 047 39, 889 965, 241 972, 417 1, 067, 141 1, 229, 773 1, 196, 069 1, 105, 908 1, 082, 636 883, 627 719, 409 916, 803 910, 279 911, 922 855, 554 853, 358 928, 766 1, 053, 121 1, 078, 281 1, 024, 479 42, 502 36, 158 34, 642 33, 848 2, 306 2, 173 1,719 2,093 42, 647 36, 213 35, 240 34, 191 1, 471, 250 1, 257, 358 1, 178, 891 1, 122, 650 989, 981 1, 048, 876 1, 113, 123 1, 091, 165 1, 152, 148 976, 883 939, 427 1, 008, 097 .169 .175 .170 .169 37, 187 35, 097 37, 539 38, 788 2,273 2,917 2,257 2,230 37, 239 34, 556 37, 973 38, 673 1, 203, 776 1, 154, 856 1, 204, 769 1, 032, 459 1, 087, 400 1, 087, 493 1, 012, 326 886, 683 1, 093, 799 1, 049, 931 1,132,311 1, 022, 085 .165 .172 .183 .183 .160 .136 .129 .125 42, 548 43, 566 35, 801 32, 803 2,525 3,166 3,326 2,949 42, 2C6 42, 894 36, 435 38, 294 1, 017, 069 1, 155, 375 1, 167, 417 1, 386, 953 699, 434 509, 847 566, 798 849, 943 1, 088, 144 1, 227, 035 1, 099, 946 1, 149, 569 481, 583 387, 219 438, 123 450, 644 .183 .183 .183 .183 .133 .135 .148 .153 39, 655 34, 945 40, 572 40, 610 2,336 2,294 2,090 1,998 40, 275 34, 953 40, 710 40, 680 1, 471, 085 1, 107, 082 1, 014, 084 990, 950 1, 034, 537 1, 150, 385 1, 098, 147 1, 063, 909 1, 145, 770 905, 536 941, 396 942, 125 74, 618 61, 554 49, 674 45, 214 457, 054 430, 130 489, 204 447, 509 .178 .175 .178 .185 .162 .173 .192 .188 40, 698 36, 417 39, 374 38, 870 1,913 1, 535 1,349 1,339 49, 761 36, 537 39, 361 38, 698 1, 032, 411 1, 104, 951 1, 029, 700 940, 681 963,244 947, 663 866, 483 745, 066 1, 024, 010 1, 016, 005 1, 020, 582 978, 295 40, 719 47, 481 73,564 84, 725 469, 695 563, 086 424, 809 488, 256 .185 .185 .178 .170 .173 .160 .143 .131 41, 117 41, 701 34, 049 39, 468 1,112 1,435 1,549 1,825 41, 505 42, 287 34, 524 39, 378 980, 257 1, 194, 359 1, 092, 150 1, 313, 191 580, 900 478, 777 493, 028 601, 842 1, 030, 482 1, 197, 608 1, 001, 890 1, 090, 050 354, 440 420,946 824, 727 793, 573 876,854 , 854, 349 __- _ 1 1 Production from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed weight, excluding meat from condemned animals. The slaughter under Federal inspection, according to census figures for 1919, amounted to 82 per cent of the total number of animals slaughtered in the United States in the case of beef and 91 per cent for lamb. Monthly data from 1920, including also exports, storage holdings and apparent consumption and prices, appeared in May, 1922, issue (No. 9), p. 95. Veal is included in the beef figures and mutton in the lamb figures. 2 Exports, as reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include fresh, canned, pickled, and cured beef, and oleo oil and 3tallow. Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this had been made in calculating index numbers. Figures represent storage holdings on the last day of each month. Beef holdings include frozen, cured, and in process of cure while lamb holdings embrace frozen lamb and mutton. 4 Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural Economics, from the inspected slaughter plus net imports less exports and reexports and the change in cold-storage holdings. 5 Wholesale prices are averages for the month from U. S, Department of Labor, Bureau of Labor Statistics. 86 Table 62.—CONDENSED AND EVAPORATED MILK Total Evaporated Condensed i Condensed i Case Bulk goods goods Totai Bulk goods Case goods »»£ Condensed Evaporated Case Bulk goods goods Case goods i Case goods Total Case Buik goods goods Case goods •e fi a i j 1920 mo. a v 1921 mo. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av ! ] ; 131,501 i 29, 008 122,014 16, 987 119,279 19, 531 147,907 16, 567 141, 712 15, 777 I __l "1""" " 8,979 7,365 8,862 12, 258 12, 001 82,117 85, 798 79, 457 104, 963 100, 109 235, 138 173, 926 137, 225 166, 022 186,925 161, 402 11, 398 11, 864 11,430 14, 119 13, 825 Thous. of pounds $4 70 $3 54 4. 56 3 41 4.62 3.07 5.28 3.74 6 80 3 21 7.37 5.68 8.21 6.36 ! ! ||— 1 i _..„...] i i j Total d Dolls, per case Thousands of pounds 1913 mo. av 1914 mo. av 1915 mo. av 1916 mo. av 1917 mo. av 1918 mo. av 1 91 9 mo. a v EXPORTS 3 Evaporated YEAR AND MONTH | WHOLESALE PRICES 2 UNSOLD STOCKS i (end of month) Condensed TOTAL STOCKS i (end of month) PRODUCTION i "" " 56, 515 31,375 21, 166 20, 181 19, 236 29, 792 19, 701 17, 999 9,875 18, 505 16, 727 158, 123, 105, 127, 150, 123, 214 661 872 089 693 538 123, 436 116, SCO 87, 342 104, 558 132, 998 113,763 29, 083 23, 346 14, 833 13, 429 14, 119 21, 261 11, 846 13, 142 7,504 11, 142 8,870 4,086 9.50 7.06 5.25 6.24 5.99 5.91 81, 890 79,207 64,711 79, 750 109, 751 88. 189 6.01 5.10 4.14 4.71 4.15 4.33 34, 256 24, 144 15, 625 16, 189 17, 185 12,313 23, 094 7,825 4,734 4,781 5,331 3, 559 11, 162 16, 319 10, 891 11,407 11,854 8,755 6.29 4.61 6.30 4.64 6.28 4.57 6.20 4.24 33, 623 21, 027 12, 512 15, 305 8,077 5,105 5,116 5,926 25, 546 15, 923 7,396 9,379 i ' 1 1924 January— . February March April 101,033 ! 14, 723 109,000 i 14, 684 138,963 , 18, 134 159,648 20, 616 7, 955 8,220 10, 774 13, 596 70, 467 76, 791 96, 658 112,303 7, 888 9,305 11,397 13, 133 155, 349 11,000 138, 362 i 13,480 127, 464 12,220 18,064 142, 838 18, 079 13, 376 11,918 12, 720 126, 103 111,353 102, 997 111,816 106, 008 88, 427 81, 050 100, 802 6,412 4,855 7, 264 14, 774 12, 395 6, 979 5,971 5, 595 May._._.. June July August 204, 632 216, 458 195, 529 139, 330 22, 622 16, 539 14, 491 10, 657 18, 264 19, 234 16, 096 10,893 147, 236 160, 405 141. 057 95, 348 16, 510 20, 280 23, 885 22.' 432 25,088 199, 602 288, 459 ! 23,481 282,431 33,007 242, 543 27, 375 19, 30, 24, 20, 155, 234, 224, 194, 153, 230, 213, 185, 926 769 166 584 21, 722 20, 792 28, 002 22, 759 9,710 20, 071 11,532 9,733 September 126, 051 October... 121, 329 November 92, 363 Deceinber. 97,212 14, 040 17, 616 13, 325 11,876 11, 078 9,363 8,688 9, 849 88, 140 83, 125 62, 578 67, 202 12, 793 11,223 8,772 8,285 i 202, 977 j 22,616 180, 054 j 18,070 14, 604 159, 593 123,428 11, 830 15, 476 13, 974 11,802 9, 161 104,538 147, 596 133, 093 102, 337 141.633 132, 579 117, 590 46,445 16, 766 13, 282 10, 650 2, 149 7, 744 6, 330 6,212 4,168 2,209 2, 628 1,702 8, 273 031 257 093 833 163 288 960 066 87,048 74, 450 67, 499 80, 201 122, 174 6.08 189, 528 5.90 173,260 i 5.63 152,824 4.18 4.07 3.87 3.88 13, 919 11, 461 13, 601 15, 894 6,986 4,690 4,819 5, 392 6,933 6,771 8,782 10, 502 116,808 112, 553 100, 639 40,032 1 5.81 5.85 5.85 5.87 3.92 3.89 3.92 3.99 20, 084 22, 600 15, 123 10, 862 4,192 6,265 4,306 3,096 15, 892 16, 335 11,029 7,766 3, 113 2, 407 2, 557 2, 504 29, 929 42, 187 64, 936 93, 000 5. 88 5.88 5.88 5.88 4.16 4.18 4.16 4.08 10, 653 9,661 9,091 13, 247 4,701 2,961 2,674 3,757 5,952 6,700 6,417 9,490 1935 JanuaryFebruary . March April 103,451 100, 491 126, 545 155, 513 12, 576 12, 365 16, 453 18, 241 10,360 9,332 12, 557 12, 420 70, 195 68, 160 84, 359 110,376 10, 320 10, 634 13, 176 14, 476 91, 205 90, 869 110,565 140,713 ! 12,208 12, 321 13, 554 17,585 7, 066 5,956 5, 537 5, 683 71,857 72, 460 91,309 117,321 35, 318 47, 323 69, 330 103, 895 Mav June July August 203, 173 207, 982 185, 138 150, 258 23, 740 18, 908 21, 084 13, 684 21, Oil 19, 260 13, 561 10, 755 138, 142, 127, 106, 865 349 505 535 19, 557 27, 465 22, 988 19, 384 193, 307 \ 31,035 187, 636 43, 243 194, 865 48, 244 212. 903 46, 757 10, 363 13, 988 11,795 10, 098 151, 120 129, 947 134, 328 155, 654 154, 102, 138, 163, 681 803 956 453 22, 711 31, 622 38, 621 39, 425 6, 632 8,157 7,586 3, 735 125, 092 62, 568 92, 255 119, 899 5.88 5.88 5. 83 5.85 4.09 4.33 4.46 4.51 14, 251 18, 213 15, 771 13, 120 3,519 3, 560 3,962 3,153 10, 732 14, 653 11, 809 9,967 September 122, 830 October November December. 11,217 7,536 87, 893 16, 184 2G7, 263 185, 624 165, 682 156, 190 42, 208 34, 792 29, 685 25, 876 7,340 6,370 4,619 4,680 157, 381 144, 324 131,251 125, 501 159, 310 140, 022 130,317 119, 744 33, 888 28, 489 24, 181 21, 383 3,346 3,210 2,308 3,472 121, 745 108, 185 103, 700 94, 775 5. 88 5.98 6.03 6.04 4.49 4.50 4.49 4.54 15, 687 10, 323 7,970 9,775 2,348 4,552 3,316 4,203 13, 339 5,771 4,654 5, 572 May June 1 I 1926 January February _ March April < i i j . 1 Data on production and stocks from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete data for the industry. Production figures are reported only every three months, while stocks are available currently. Stocks, both total and unsold, are given as of the end of each month, stocks of evaporated bulk goods being included in each total, but omitted in detail on account of the small quantities usually held. Condensed milk is sweetened by the addition of sugar while evaporated milk is simply milk reduced in volume. The bulk goods are generally destined for bakeries, etc., while case goods are for the retail trade. 2 Wholesale prices compiled by U. S. Department of Labor, Bureau of Labor Statistics, are averages of weekly prices at New York. A case of condensed milk contains 48 14-ounce tins while a case of evaporated milk has 48 16-ounce tins. Monthly data from 1913 appeared in December, 1925, issue (No. 52), p. 22 3 Exports are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce 87 Table 63.—DAIRY PRODUCTS Production, MinGreat- Boston (inneaper cludolis, New ing St. York 2 cr'm) 3 Paul 4 Production 5 Receipts YEAR AND MONTH Thous. of Thous. Thous. Thous. 40-qt. of qts. oflbs. of galls. cans 1913 ino. av 19 J 4 mo. av 1915 mo. av _ 1916 mo. a v _ _ . 1917 mo. av 1918 ino. a v _ _ . 1919 mo. av 1920 mo av 1921 mo. av 1922mo.av__. 1923 mo. a v _ _ . 1924 mo. a v _ _ _ 1925 mo. a v _ _ . 1924 January February March April Mav June-July._. August September October November December 1925 January February March April May.. J une July August September October November December 1936 January February March April. BUTTER ColdProAppar- Re- storage ducent ceipts holdtion conat 5 (fac- sump- mar- ings, tory)5 tion 6 kets 7 creamery 8 Thousands of pounds Pro- Sales, less ducretion sales (n) (12) Dolls, perlb. Stocks, end of month n Exports (13) Unsold Total Thousands of pounds 1,749 16. 189 0.310 14, 055 10, 693 16, 655 18, 254 17, 921 18, 488 37, 559 30, OG6 30, 675 39, 579 49, 483 52, 063 .280 .216 .211 .241 .203 .234 4, 436 3, 566 3,901 5,734 6,426 3, 990 3, 927 18, 048 19, 200 23, 341 25, 031 13, 899 16, 091 16, 540 16, 174 40, 506 35, 160 28, 294 26, 202 .225 .221 .210 .182 .383 .401 .396 .385 34, 103 43, 975 41, 236 33, 903 19, 030 22, 043 25, 142 19, 996 27 172 45, 239 65, 864 76, 406 167, 540 47, 467 153, 494 161, 158 41,949 135, 018 148, 757 30, 161 100, 832 156, 398 33, 155 65, 694 .342 .385 .418 .440 30, 766 26, 420 17, 404 15, 283 18, 854 17,479 14, 883 14, 921 138, 884 127, 753 143, 108 15C, 604 37, 781 45, 748 35, 181 28, 789 40, 725 10, 875 42, 141 3,739 .414 .412 .467 .437 15, 134 16, 070 19, 324 25, 136 133, 726 151, 119 153, 455 131, 623 195, 286 179, 629 170, 728 177, 438 56, 838 13, 036 74, 171 63, 687 69, 970 109, 075 55, 064 128, 403 .420 .429 . 434 .448 104, 050 172, 328 163, 609 140, 254 45, 005 114, 172 43, 468 94, 916 35, 455 74, 754 36, 199 52, 708 .488 . 554 .511 .489 0.593 33, 563 59, 754 39,012 56, 623 43, 893 59, 959 45, 448 47, 074 48, 956 73, 370 47, 667 61, 659 .586 .429 .403 .464 .418 .459 21, 224 21,811 23, 567 26, 024 27, 398 15, 246 9, 837 7, 842 8,913 .519 .499 .462 .384 56, 937 22, 328 77, 487 74, 184 77, 706 130, 402 57, 282 156, 232 10, 470 11, 098 138, 109 123, 796 126, 844 2,036 13, 865 2, 144 14, 116 12, 141 2,232 14, 878 13, 224 2,461 15, 391 17, 895 2,491 15, 930 21,005 2,674 23, 266 12, 357 12, 193 13, 108 15, 284 15, 130 71, 965 87,912 96, 126 104, 2f>8 113, 007 129,466 143, 811 149, 671 155, 564 161, 175 2, 362 2, 237 2,470 2, 396 14, 684 21, 215 14, 031 21, 210 15, 718 23, 186 15, 862 22, 031 6,118 7,119 9, 597 13, 883 87, 468 86, 731 95, 760 106, 012 142, 649 37, 451 130, 846 40, 221 140, 809 44, 082 154, 822 43, 579 2, 577 2,637 2, 684 2,646 17, 263 24, 898 17,317 25, 270 18, 448 22, 135 16, 846 18, 607 19, 394 27, 783 29, 593 27, 790 139, 954 161, 992 164, 443 137, 836 191, 908 187, 201 176, 275 175, 439 2,501 2,550 2,403 2,434 15, 861 15, 506 14, 926 14, 701 17, 804 18, 038 17, 303 19, 757 15, 493 10, 970 7,697 6,127 115, 102 100, 536 77, 282 82, 964 2, 413 14, 528 2,281 14, 149 3,603 16, 472 2,500 16, 663 22, 059 21, 356 24,411 24, 290 6, 167 7, 586 10, 447 15, 608 82, 788 76, 064 87, 378 98, 536 2,676 17, 472 28, 212 2, 902 19, 388 28, 854 2, 761 18, 104 26,413 2,673 17, 227 21, 730 19, 910 30, 959 28, 904 26, 804 16, 305 18, 322 16, 277 19, 417 15, 649 20, 255 23, 875 20, 782 11, 727 12, 193 13, 059 2, 647 2,587 2,496 2,546 1 5, 715 7,145 7,786 1, 549 2, 147 2 530 3, 634 26, 125 47, 590 34 638 41, 442 51, 588 54, 572 49, 737 38, 336 67, 229 63 293 66, 107 70, 833 1 Dolls, perlb. Thousands of pounds ReColdceipts storage holdat 5 ings, markets 7 (Am.) 8 Production 6 i 3,496 1, 513 1,590 1,613 1, 652 1,763 1,873 May .Tun.". POWDERED MILK CHEESE Wholesale grice, 5 marets 10 ICE CREAM Wholesale price, 5 markets a FLUID MILKi i 22, 079 20 607 23, 486 11, 645 11, 775 7, 314 6,395 12, 881 7,085 4,777 8, 145 4,138 3,517 9.607 4,263 264 787 516 203 461 304 6,294 6, 382 7, 358 7,680 2,911 11,011 3, 550 12, 378 3,451 13, 521 4, 430 13, 937 8, 713 9, 569 10, 215 10, 443 215 304 223 243 .184 .195 .196 .197 9, 152 9, 273 8,029 6,107 5,378 5, 243 3,980 4,579 14, 056 14, 991 16, 165 14, 829 10, 073 10, 549 11, 494 11,611 371 251 178 445 73, 153 67, 905 58, 705 49, 187 .203 .197 .202 .221 5,306 3,800 4,401 3,496 3, 400 2, 969 3,724 4, 087 14,317 12, 146 8, 984 8, 231 11, 252 290 9,687 1, 202 6, 209 1, 260 5, 466 487 15, 202 12, 845 14, 898 15, 436 41, 552 34, 647 27, 716 26, 147 .228 .229 .226 .224 4,120 4,170 5,677 7,882 3, 489 2, 747 3, 551 4, 058 6, 007 5,381 5, 091 5, 877 4, 050 3, 536 3,349 3, 652 335 293 296 205 34, 976 43, 089 39, 478 33, 833 18, 530 24, 025 25, 825 22, 472 29, 550 46, 468 66, 634 76, 512 8, 172 8, 100 8,279 9,777 5,177 4,777 5, 079 7,045 286 286 352 291 28, 447 20, 520 21, 029 17,059 14, 012 78, 582 71, 913 66, 495 58, 548 .214 10, 245 4,586 .226 9, 613 6,447 .230 8,187 4,821 .241 6,669 3,948 .241 5,421 3,636 3,482 252 .254 3,077 3,280 .246 8, 635 7, 395 6, 258 5,882 6,135 4,633 3, 612 4,358 392 201 376 336 i _, ! Monthly data from 1920 on receipts at New York and Boston and production in the Twin City district appeared in July, 1922, issue (No. 14), p. 46. Receipts at Philadelphia from 1920 were given in September, 1922, issue (No. 13), p. 50, and later data in August, 1924, issue (No. 36), p. 155. 2 Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey, from the Milk Reporter. 3 Receipts of milk at Boston by rail, including cream, from the Massachusetts Department of Public Utilities. 4 Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul. 6 Data from U. S. Department of Agriculture, Bureau of Ayricuultral Economics, representing practically complete production, but reported only every three months. 6 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing the disappearance of butter into trade. These data are computed from production (comprising actual factory data plus allowance for production on farms), imports, and the difference in cold-storage holdings. Monthly data from 1917 appeared in January, 1926, issue (No. 53), p. 23. 7 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. 8 Cold-storage holdings at end of month reported by U. S. Department of Agriculture, Bureau of Agricultural Economics. 9 Average of weekly prices of creamery butter, 92 score at Boston, New York, Philadelphia, Chicago, and San Francisco, as compiled by U. S. Department of Agriculture, Bureau of Agriculture. 10 Average of weekly prices of American cheese, No. 1 fresh twins, at Boston, New York, Wisconsin, Chicago, and San Francisco, as compiled by U. & Department of Agriculture, Bureau of Agricultural Economics. 11 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Data on production cover practically the entire industry and are collected quarterly, but present each month separately. Stocks comprise powdered milk derived from whole milk, skim milk, and unskimmed milk as of the end of the month and include both case and bulk goods, the former being comparatively small. Monthly data from 1920 are given for production in October, 1925, issue (No. 50), p. 26, and for stocks, divided as between case and bulk goods, in the November, 1925, issue (No. 51), p. 23. 12 Compiled by the American Dry Milk Institute from 21 identical firms which in 1924 produced 61 per cent of the totals as compiled by the Department of Agriculture. Data13 on stocks held by institute members appeared in October, 1925, issue (No. 50), p. 26. The association reports also include production and unit prices of members. Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 88 Table 64.—SUGAR 1 1 HAW SUGAR Imports i WHOLESALE PRICE 4 63, 336 66, 890 67, 984 69, 756 75, 683 80, 581 65, 951 175, 201, 196, 205, 183, 192, 664 437 569 716 802 219 16, 184 10, 109 69, 322 70, 803 74, 572 68, 436 63, 575 79, 142 100, 257 261, 298, 229, 381, 275, 306, 33"^ 149 685 266 789 249 266 9~'3 8, 154 4,704 8,812 9, 236 14, 102 6,601 4, 952 326, 334, 296, 429, 345, 378, 426, 547 981 130 002 730 937 075 115, 106, 158, 191, 175, 184, 202, 1924 January February. March April 37, 676 88, 791 104, 637 86, 643 230, 409, 466, 384, 919 553 527 952 22, 262 1, 769 152 174 255, 432, 442, 426, 319 605 775 954 58, 682 110,081 249, 064 283,541 ! May June July \ugust 128, 851 158, 507 121, 624 81, 133 370, 326, 377, 269, 001 913 399 500 347 331 672 1,010 440, 454, 507, 450, 208 313 318 158 68, 755 45, 339 20, 168 7, 581 307, 838 242, 353 155, 161 134, 073 457 163 14, 057 37,812 53, 388 116,390 140, 991 171, 490 274, 510 372,911 446, 354 486, 599 144, 962 144, 345 118, 844 103, 961 407, 387, 825, 287, 98, 530 70, 940 21, 307 17, 939 321, 240, 220, 226, 19J9 1920 1921 1922 1923 1924 1925 monthly monthly monthly monthly monthly monthly monthly average average average average average average average 1935 January February March. . April May _ June Julv.. August __ .. September _ October November . December 1 I 1936 January- -February March April i May > June i 1 | Stocks, end of month ' Long tons 2. 9,53 $0. 035 $0. 043 $0. 049 .047 .038 .053 . 056 .059 .047 . 058 .069 .075 .077 .063 .088 .094 .064 .078 1,926 14, 524 35, 838 58,812 37, 602 15, 152 ! Rel. to 1913 100 108 120 146 169 176 134, 125, 210, 246, 201, 272, 225 726 908 245 760 066 129, 120, 209, 237, 204, 265, 447 972 971 004 422 707 242, 583 1 280, 333 j 364, 179 436,913 i 308, 662 592,065 328, 288, 291, 357, 290, 332, 420, 360 281 342 892 609 554 238 323, 441 274,811 233, 140 428, 302 290, 065 332, 035 411,793 647, 341 410, 287 1, 047, 721 617, 799 395, 339 455, 115 1 713. 576 ' . 075 .130 .048 .047 .070 .060 .043 .089 .126 .062 .059 .084 .075 .055 . 104 .182 .077 .066 .094 .084 .004 205 : 353 146 132 184 167 ' 131 3,499 7, 181 14,413 25, 342 .067 .072 .069 . 064 .084 .087 .085 .079 .096 .095 .096 .091 185 187 189 181 520, 738, 856, 634, 357 587 028 044 323, 807 527, 741 613, 482 380, 108 240, 622 1 437, 958 660, 388 917, 954 342, 197 337, 110 313, 796 216, 277 30, 055 22, 329 22, 054 39, 097 .056 .051 .051 .054 .073 .065 .066 .066 .083 .074 .074 .073 167 151 153 149 375, 141, 168, 164, 924 668 812 990 376, 295, 366, 315, 019 007 297 282 929, 788, 570, 432, 419,818 344, 404 221, 836 151, 541 154, 835 68, 522 32, 172 49, 393 24, 510 5,388 1,843 863 .060 .060 .058 .053 .071 .073 .073 .072 .078 .081 .082 .080 156 160 160 160 159, 772 85, 762 43, 574 101, 126 333, 194, 148, 109, 991 683 987 020 273, 426 145, 422 41, 460 23, 850 2, 996 403 432 518 299, 413, 539, 542, 040 742 058 264 83, 659 123, 302 184, 668 282, 892 7,056 14, 108 21, 455 20, 284 .046 .046 .047 .045 .061 .058 .059 .056 .073 .070 .069 .067 147 140 140 136 637, 833, 876, 836, 599 934 210 676 375, 504, 677, 536, 213 146 797 148 293, 891 623, 658 802, 936 1, 158, 245 005 263 082 057 102 623 557 124 460, 478, 482, 438, 822 833 824 767 325, 376, 323, 235, 906 868 647 725 32, 258 34, 699 49, 457 67, 327 .043 .044 .043 .044 .055 .055 .053 .054 .062 .062 .061 .062 131 131 129 127 615, 309, 201, 179, 616 213 791 225 447, 487, 336, 333, 557 380 775 938 1, 290, 663 1, 121, 345 970, 025 822, 799 620 100 184 991 None. 835 25, 248 27, 583 459, 385, 262, 349, 875 647 894 139 187, 739 94, 511 92, 709 120, 146 40, 624 21,614 19, 131 10, 728 .043 .039 .040 .041 .054 .050 .051 .053 .062 .059 .058 .058 127 124 120 122 158, 009 125, 012 88, 119 181, 448 371, 281, 262, 327, 200 210 855 298 594, 378 460, 709 292, 119 132, 148 706 017 830 101 770 473 648 54, 891 34, 371 34, 739 68, 341 16, 520 16,381 28, 228 ! ! September October November December i Dollars per pound 8,501 14, 050 9, 545 7,288 CUBAN MOVEMENT 3 (raw) i Long tons 1909-1913 monthly av 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average RETAIL PRICE * Raw, GranRefined, 96° Gran- Index, Receipts, includ- cen- ulated, in ulated, 51 Cuban Exports trifu- bbls., ing N. Y. cities ports maple gal, N. Y. N. Y. Receipts, Stocks Louisiat re3 From ana crop Meltings fineries, From end of 3 Hawaii foreign at New 2 and month Orleans P. R. countries YEAR AND MONTH w 'PORTS i 239 141 802 123 i i _ . I Ij i Imports of raw sugar and. exports of refined from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports from foreign countries are mostly from Cuba, and sugar from the Philippine Islands is also included in the imports from foreign countries, not in the data from noncontiguous territories, including Hawaii and 2Porto Rico. The original data in pounds have been converted into long tons for comparison with the other data. Receipts of the Louisiana cane crop at New Orleans from the Statistical Sugar Trade Journal. These receipts total about half of the total domestic cane sugar production. 3 Meltings of raw sugar by refiners compiled by the Statistical Sugar Trade Journal represent operations at the eight ports of Boston, New York, Philadelphia, Baltimore, Savannah, New Orleans, Galveston, and San Francisco, the Baltimore figures being added in 1921 upon completion of refinery in that city. The figures from the four North Atlantic ports are actual monthly totals; those for San Francisco, Savannah, and Galveston are prorated from weekly totals; while the New Orleans figures are prorated from partly estimated figures. Stocks represent the amount of raw sugar in the hands of refiners and of certain importers (the bulk of stocks being in refiners' hands) at the end of each month for the four North Atlantic ports and on the Saturday nearest to the end of each month for the other ports, the total being considered as of the last day of the month. Details of meltings and stocks, by ports, are given in the Statistical Sugar Trade Journal: also classification as between importers' and refiners' stocks. 4 Wholesale price of raw sugar, duty paid, wholesale and retail prices of granulated sugar in New York, and retail price index for 51 cities from U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices, except retail prices which are as of the 15th of the month. 5 Statistics of receipts at Cuban ports, exports from Cuba, and stocks at Cuban ports from Statistical Sugar Trade Journal. Monthly data from 1920 appeared in the June, 1922, issue of the SURVEY (No. 10), p. 49 89 Table 65.—COFFEE, TEA, POULTRY, AND FISH COFFEE i POULTRY TEA Clearances Re- from Brazil Imports Imports Into ceipts into in United United2 To World United Brazil Total States 2 States U. S. total States Visible supply. end of month' YEAR AND MONTH Receipts at 5 markets 3 Thousands of bags 1909-1913 ino average 1913 monthly average 1914. monthly average 1915 monthly average 1916 monthly average 1917 monthly average 19"i 8 monthly average 1919 monthly average 11,819 11,371 9,4C8 9, 280 Coldstorage holdings (end of mo.) 4 Total Coldcatch, storaa;e prinholdcipal ings fish in5g (15th of ports mo.) £ Thousands of pounds 1, 835 1, 577 1, 727 2,017 2,611 1,851 1,213 955 1, 151 1,072 1, 249 1, 009 1, 261 762 990 1,207 1, 103 1,261 1, 014 813 831 393 491 474 544 610 536 359 75 659 71, 044 84, 256 102, 438 97, 241 107, 209 91, 788 111,130 8,241 7,418 8,151 8, 842 8,814 10, 566 11,044 6, 747 i EGGS FISH Canned salmon shipments 6 ColdReceipts storage holdat 5 ings mar(case4 kets 7 eggs) Cases Thousands of cases 8 9 13 518 o 13, 549 6 14, 300 ! 16, 936 15 999 44,032 . ' 18, 549 17, 358 64,798 1 62, 501 61, 764 1,224 4, 156 3 ^f'l 4, 171 5, 137 3, 069 3, 504 3, 367 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 7, 941 8,913 8, 730 5, 8f;3 4, 857 5, 145 1, 695 1, 686 1, 087 903 726 736 558 1,054 894 916 1,186 984 891 1, 003 1,036 1, 175 1, 15.7 1, 105 637 513 499 625 582 590 108,118 111,956 103, 837 117,321 118,047 106, 915 7, 567 6, 374 8, 093 8,927 7, 701 8,437 18, 239 21,355 23, 559 28, 397 30, 265 26, 733 46, 146 50, 278 54, 276 68,045 ' 64, 990 82, 046 15, 675 13, 608 16, 260 16, 023 17, 005 19, 901 45, 296 44, 355 35, 311 36, 210 45, 041 44, 135 467, 086 471,438 541, 804 513, 446 1,079 1 251 1, 335 1, 391 1, 284 1,290 1924 January February March April _ 4, 198 4, 183 3, 892 4, 351 670 571 652 634 1, 235 1, 054 1,109 1, 131 1,134 1, 297 1,015 728 505 635 576 463 137, 397 109, 994 127, 771 111,957 7, 831 5, 182 6, 075 5. 922 37,915 27, 339 20, 630 15,511 99, 486 93, 497 76, 067 52, 068 1 0, 259 16, 772 17, 5f,5 16,535 52, 627 40, 421 29. 571 21, 489 300, 041 416, 378 294, 706 195, 188 713 1,007 1, 654 2,539 500 44. 579 3, 563 May June July August 4, 665 5,020 4,351 5, 183 657 760 873 966 1,073 1, 110 540 1,539 940 1, 039 997 1, 455 466 634 406 566 121, 600 110,101 136, 627 113,526 4, 173 6, 344 7,929 8, 638 i 17,473 18, 128 19, 973 17, 708 39, 299 34, 886 33, £04 33, 837 15,446 18,334 22, 592 20,018 21,840 27, 115 36, 036 49, 026 200, 300 337, 809 6GO, 591 780, 775 2, 544 1,870 1, 431 1, 043 6, 944 8, 685 9, 264 8, 751 October November December 5 653 5, 734 5, 661 5,388 738 772 803 611 1, 672 1,536 1,249 980 1,419 1,730 1,210 923 713 827 668 530 83, 637 133, 497 116,349 114,113 9, 079 11,794 10, 751 8, 688 20, 093 27, 263 61, 784 79, 368 40, 070 55, 139 87, 939 133, 690 19,937 20, 215 14, 040 12, 353 56, 607 67, 025 70, 406 68, 325 928, 769 1, 085, 539 687,168 614, 164 876 747 456 524 7,409 5, 267 3,102 1,050 1925 January February March April 5,290 5, 112 5, 329 5,353 713 652 888 695 874 765 889 715 1, 042 756 770 679 623 377 4C2 278 109, 048 79, 992 135,167 86, 097 7, 661 6,084 7, 417 4, 786 28, 402 19, 900 15, 3! 8 13, 539 138, 189 130, 513 108,608 82, 732 11,028 18, 181 23, 708 18, 143 55, 308 44, 034 29, 8G5 22, 442 394, 433 371, 422 203, 520 113, 206 618 1,177 1,846 2, 563 81 21 1,240 4,872 May June July A ugust 5,123 5, 009 5,126 5, 118 537 713 804 859 498 716 1,094 1,173 618 1, 242 1,235 1, 487 292 676 701 794 79, 548 87, 967 118,493 97, 696 4, 183 4,819 9, 536 10, 144 16,354 17,918 17, 932 14, 466 C8, 126 58, 562 53, 558 47, 946 17, 167 25, 261 24, 539 26, 839 23, 749 31,980 40, 458 47, 474 132, 926 279, 022 604, 231 757, 479 2, 193 2, 025 1,315 1, 042 7, 712 9,482 10, 024 9,873 September October November. December 5,087 5,082 5, 035 5,080 716 583 789 888 1, 494 1, 262 1,144 1,187 1,434 1, 536 1,269 1,195 705 680 758 731 133, 463 111,920 115,225 128, 371 11,993 13, 088 11,067 10,468 18, 804 27, 507 62, 272 68, 385 44, 345 53, 787 86, 733 111,459 28, 184 21, 186 15, 174 9,401 55, 447 58, 358 61, 849 58, 651 1, 205, 930 1, 100. 958 503, 149 495, 075 930 709 433 625 8,612 6, 322 3,786 1, 677 4,753 685 1, 157 1,007 572 1936 January. _ February March April 4,597 5, 308 1 i __ ___ Mav___ June 1 1 _ __ ___ >-- 1 \"" ~ ~ ~ I Data on coffee, except imports, from the New York Coffee and Sugar Exchange (Inc.). Receipts in Brazil cover the ports of Rio and Santos while clearances are from. Rio, Santos, and Victoria, and in the case of the United States, from Bahia also. A bag of coffee averages 132 pounds. Monthly data for 1920 and 1921 appeared in May. 1922,2 issue (No. 9), p. 102, and for 1922 in May, 1924, issue (No. 33), p. 156. Imports of coffee and tea from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 3 Receipts at the markets of Boston, New York, Philadelphia, and San Francisco compiled by the U. S. Department of Agriculture, Bureau of Foreign and Domestic Commerce, are totals of weekly figures with overlapping weeks prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. 4 Cold-storage holdings at principal warehouses compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Poultry and egg holdings are given as of8 the end of the month, with fish holdings as of the 15th of the month. Fish catch, representing landings of fresh fish from vessels at Boston and Gloucester, Mass., Portland, Me., and Seattle, Wash., compiled by U. S. Department of Commerce, Bureau of Fisheries. Details by ports are given in monthly statements. Monthly data from 1920 appeared in May. 1922, issue (No. 9), pp. 97 and 98. 6 Shipments of canned salmon from Puget Sound, Astoria, Portland, Oreg. (except small rail shipments), San Francisco, and in bond through Prince Rupert, B. C., representing practically complete pack of the United States, including Alaska, reported by Pacific Canned Fish Brokers' Association, in cases of 48 one-pound cans to the case.7 Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. s One case of eggs equals 30 dozen, or about 45 pounds net. * Excluding Portland and Seattle. 90 Table 66.—OCEAN TRANSPORTATION SHIP CLEARANCES 1 VESSEL LOSSES 2 (quarterly) Vessels in foreign trade YEAR AND MONTH Amer- Foreign ican Under construction 3 Steel seagoing Merchant vessels Abandoned Total Total Thousands of net tons Completed during month 3 Lost 4 INDEXES OF OCEAN FREIGHT RATES SHIP CONSTRUCTION Thous. of gross tons 4 Gross tons 4 World « (quarterly) Under construction, end of month Launched No. of ships Thous. of gross tons 4 No. of ships \ Thous. of gross tons 4 Liner Charter rates, rates, Atlantic world 6 ports to routes Europe 7 Rel. to 1911-13 av. Rel. to Jan., 1920 j 1913 monthly average. _. 1914 monthly average. - _ 1915 monthly average... 1916 monthly average 1917 monthly average. _ _ 1918 monthly average... 1919 monthlv average 1, 250 1,000 1,340 1,537 1,666 1,563 2,083 3,333 3,017 2,826 2,895 2,467 2,184 2,189 4,483 4,017 4,166 4, 433 4, 133 3,748 4,271 31, 075 38,378 44,398 32, 960 66, 781 101, 420 42, 411 10, 895 13, 495 19, 772 13,512 11,452 9,596 6,910 1920 1921 1922 1923 1924 1925 2, 836 2,507 2,639 2,328 2,503 2,329 2,816 2,704 2,756 3,228 3,232 3, 525 5,653 5,211 5,395 5, 556 5, 735 5, 854 62, 090 48, 291 28, 842 31,216 31, 772 8, 556 15, 272 34, 173 171,683 168, 445 May June July August 3,242 2,489 2,724 2,877 3,222 3,572 3,913 3,837 6,464 6,060 6,638 6,713 28, 228 99, 836 September October November December 2,872 2,922 2,633 2,073 3,607 3,881 3,066 2,812 6,479 6,803 5,699 4,885 12, 148 129, 255 50, 456 80, 423 1925 January February March April 1,820 1,750 1,993 2,405 3,307 2,800 3,058 3,217 5, 126 4,550 5,051 5,622 2,439 2,481 2,578 2,586 3,518 3,897 4,255 4,331 5,957 6,378 6,833 6,917 2,450 2,991 2,451 2,003 3,789 3,581 3,220 3,328 6,239 6,572 5,671 5,331 monthly average monthly average. ._ monthly average. _ . monthly average. ... monthly average. _. monthly average. _ . 100 438 330 186 241 278 467 621 833 713 300 422 735 1,362 1,786 440 344 213 163 218 201 1,466 1,085 617 410 505 541 254 257 625 852 849 849 754 185 164 164 237 529 786 2,619 110 12, 346 6,665 8,651 11,690 168 177 184 183 225 553 737 2,581 102 197 389 656 2,470 102 15, 073 5,329 23, 966 15, 526 12, 838 3,340 18, 808 6,261 190 185 196 238 31,826 18, 687 30, 101 8,415 16, 200 9,767 21,951 1,631 177 186 157 155 21, 758 17 516 9,844 13, 096 17, 191 12, 210 3,283 9,339 162 170 186 232 8,629 4,517 18, 836 46, 225 86, 192 226, 773 354, 845 28, 846 26, 354 9,548 27, 094 50, 895 155, 110 294, 849 1,236 238, 394 115,569 28, 246 24, 099 17, 507 17, 595 208, 557 102, 157 13, 239 9,774 10, 904 11,068 1,188 546 231 197 173 186 26, 972 22, 951 18, 070 3,965 13, 166 15, 724 10, 484 386 161 25, 875 11,414 12, 650 15, 167 384 272 8100.0 36.0 160 114 25.5 22. 1 108 106 25.3 99 25.9 1924 M!ay June _ July August September October November December 1926 January February March Ipril - 22, 064 97, 705 15, 101 37, 149 12, 349 3,477 194 606 676 2,397 103 212 593 674 2,370 96 207 476 609 2,207 98 191 489 539 2,070 99 25.7 23.3 22.1 22.3 26.6 28.1 28.1 26.8 26.9 25.5 25.6 26.0 25.6 23.7 24.1 24.3 26.2 27.7 27.5 27.4 26.3 May June 1 Tonnage of vessels cleared in foreign trade from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. 2 Vessels lost and abandoned, representing all classes of American vessels, from U. S. Department of Commerce, Bureau of Navigation, given for quarter ending in month stated, yearly figures representing quarterly averages. Scrapped vessels are included under abandoned vessels. 3 From the U. S. Department of Commerce, Bureau of Navigation. The total completed includes ocean-going, lake, and river vessels built and officially numbered, including vessels of the U. S. Shipping Board and private American owners, but not vessels built for foreign owners. The column on merchant vessels under construction includes all kinds of ships except Government vessels building or under construction at the end of the month. Monthly data from 1915 given in the January, 1924, issue of the4 SURVEY (No. 29), p. 49. Net ton represents 100 cubic feet internal carrying capacity after prescribed allowance for crew and engine space, while gross ton represents in units of 100 cubic feet the entire cubical capacity of the vessel, including crew and engine space. 5 Quarterly data on world ship construction compiled by Lloyds1, covering all vessels of 100 tons and over, except that from 1914 to 1921 figures for Germany are not included. 6 Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering six tramp-ship commodities over 12 world-wide trade routes. 7 The index of ocean freight rates compiled by the Federal Reserve Board, Division of Research and Statistics, represents rates to 17 ports in Europe. The index numbers are weighted by the geometric means of these rates. The weights include the relative importance of each port and also the relative importance of the 5 principal products— grain, provisions, cotton, cottonseed oil, and sack flour. Monthly data from 1920 appeared in the September, 1922, issue of the SURVEY (No. 13), p. 50. Rates to the United Kingdom were given separately in all issues up to the February, 1925, issue (No. 42), p. 109. s January, 1920. 91 Table 67.—RIVER AND CANAL CARGO TRAFFIC RIVERS CANALS Panama! Sault YEAR AND MONTH Total In American vessels In British vessels 407, 371 257, 843 588, 214 627, 669 576, 385 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average . - 182, 325 70, 738 122, 977 174, 856 229, 907 183, 376 130, 888 282, 813 217, 973 156, 412 6,921 8,911 11,486 11,227 10, 710 8,529 781, 208 961, 601 907, 078 1, 630, 409 2, 157, 679 1, 951, 062 378, 928 431, 613 412, 543 912, 857 1, 222, 135 235, 856 310, 161 277, 488 410, 762 529, 386 2, 427, 332 2, 272, 472 2, 158, 721 1, 401, 908 1, 351, 116 1, 372, 894 1, 296, 445 589, 988 507, 425 503, 068 523, 904 None. None. None. 2, 353, 986 2, 022, 850 2, 097, 154 1, 958, 479 1, 334, 499 1, 558, 994 1, 195, 574 1, 071, 501 630, 247 533, 242 538, 212 445, 234 9,873 11,077 2,112,264 2, 017, 980 1, 961, 603 2, 265, 687 1, 187, 512 1, 056, 777 972, 431 1, 265, 968 1, 907, 469 1, 839, 617 2, 104, 324 1, 950, 902 942, 264 1, 037, 308 1, 221, 325 1, 113, 668 1, 823, 042 1, 920, 323 1, 960, 654 1, 912, 217 986, 830 1, 029, 044 1, 063, 361 1, 013, 480 443, 586 502, 069 475, 744 482, 277 1, 891, 988 2, 009, 171 2, 023, 398 2, 358, 170 983, 470 967, 587 1, 025, 914 476, 082 626, 160 522, 228 9,910 Suez s Thous. of jo^tooa met. tons Sf^°f 9,965 Cape Cod* York State a T Long tons 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average J917 monthly average 1918 monthly average 1919 monthly average Ste. Marie 2 New 372 297 265 232 185 166 177 104, 285 66, 555 129, 625 192, 450 Mississippi Ohio Governmentowned barges a Pittsburgh to Wheeling 7 Short tons 1,164 8,731 1,421 1,459 1,780 1,898 2,122 2,215 13, 392 36, 939 49, 841 59, 203 70, 792 75, 372 82, 179 80, 229 203 208 262 312 290 293 268, 678 244, 800 None. None. None. None. 182, 925 128, 646 129, 904 186, 694 2, 017 2,241 81, 528 246, 033 335, 451 483, 250 411, 499 1 1, 040 11, 051 205 269 353 290 355, 918 383, 446 446, 965 412, 036 2,115 1,743 2,122 2,117 69, 916 82, 565 70, 387 76, 609 606, 667 501, 075 439, 861 609, 940 527, 050 514, 958 514, 812 524, 498 9,661 10, 328 6, 619 1,079 275 344 249 47 403, 323 307, 473 138, 960 147, 840 1,965 2,206 2,407 2,228 80, 537 57, 604 39, 603 54, 229 573, 668 714, 421 795, 527 564, 578 516, 974 None. None. None. None. None. None. 3, 604 65 104, 598 89, 119 92, 874 94, 464 2,305 2,209 2,724 2,548 81, 087 95, 907 91, 787 98, 417 365, 970 345, 183 401, 371 572,528 11, 210 10, 942 11, 668 300 316 386 280 382,411 2,316 1,974 97, 349 75, 283 79, 361 64, 913 633, 605 565, 228 609, 727 716, 142 11,637 8,409 391 289 316 1,838 None. 387, 542 353, 106 109, 760 99, 004 46, 070 67, 627 47, 361 65, 300 608, 392 739, 635 603, 125 836, 650 6,032 8, 259 11, 203 9,130 10, 234 158, 600 114, 406 103, 226 115,788 298, 766 538, 380 523, 497 588, 130 1934 January February March _ April 2,243,616 May June July . . August ._ _ September October November December _ .. . . 1,610 2,030 2,268 74,117 1925 Jauuary February March April .. May June July August ... . . ... ... _ __ . September _ October. ._ _ November December 1926 January. .. ._ _. February March April May . June 428,091 509, 583 451, 991 11,663 10, 904 390, 671 412, 859 421, 193 2,050 2, 030 2,087 2,135 1,970 2, 230 i 1 .. i . 1 ! with < 48 and 49. 3 Traffic through New York State canals from New York State Superintendent of Public Works, xibout two-thirds of this traffic goes through the Erie Canal and onethird4 through the Champlain Canal. Monthly averages for each year are for the seven months during which the canals are usually open. Cape Cod Canal traffic from the Boston, Cape Cod & New York Canal Co. The average for 1916 is an average of nine months of operation. Monthly data from 1920 appeared in the September, 1923, issue (No. 25), pp. 55 and 56. 5 Suez Canal traffic from Le Canal de Suez. 6 Cargo tonnage on Government-owned barge line on Mississippi River between St. Louis and New Orleans from U. S. War Department, Mississippi- Warrior Service. Receipts and shipments of cargo by river at St. Louis, now discontinued, appeared in August, 1925, issue (No. 48). Monthly data from 1920, including Government bargeline 7traffic, appeared in July, 1922, issue (No. 11), p. 45. Data on Ohio River commerce from the U. S. War Department, Engineer Corps, represent total cargo traffic between Pittsburgh and Lock and Dam 11, located between Wellsburg and Wheeling, W. Va. The total of 3,585,188 short tons shown for the months of 1922, from which the average is computed, does not include the annupl total of 1,327,199 short tons not shown separately by months, the total movement for 1922 being 4,912,387. Data are available from 1910 to 1914 for traffic between Pittsburgh and Lock No. 6 (near Beaver, Pa.), and from 1915 to 1921 between Pittsburgh and Lock No. 10 (near Steubenville, Ohio). Traffic between Pittsburgh and Lock 10 amounted to 4.733,620 short tons in 1920 and 2,840,978 in 1921. 92 Table 68.—RAILWAY, PULLMAN, AND EXPRESS REVENUES* YEAR AND MONTH Passenger Freight TOTAL NET OPER- OPERATING ATING EXINPENSES COME 2 0) Total operating Thousands of dollars 1913 1914 1915 1916 1917 1918 1919 monthly average monthly average monthly average monthly average monthly average monthly average monthly average 1920 1921 1922 1923 1924 1925 monthly average monthly average monthly average monthly average monthly average monthlyy avcrase b $176, 916 165, 943 178, 804 214, 784 236, 177 288, 183 296, 410 360, 327, 334, 385, 362, _379. .., 304 328 076 465 442 424 _ $57, 548 54, 230 53, 793 58,980 68, 935 86, 056 98, 334 $255, 139 241, 608 256, 630 ! 302, 104 337,539 410,549 432,005 $181, 732 173,916 171, 926 198, 031 238, 184 334, 767 368, 287 $59, 900 53,451 70, 002 87, 265 81,232 107, 285 96, 172 89, 686 95, 636 89,721 87., .994 . .. 518, 785 464, 429 468, 291 529, 118 498. 963 515., 553 _ i 485,861 383, 651 371, 397 412, 081 379. 970 _381.946 , . . 4, 846 51, 329 64, 748 81,911 82, 229 94. 987 - 43, 034 . OPERATION RESULTS < OPERATIONS EXPRESS EARNINGS e PULLMAN CO.' Total Tons carried 1 mile RePas- i ceipts | senReveper gers nue toncarried mile 1 mile Millions of tons Millions Thousands of dollars $3, 445 3,284 3,483 3,684 4,311 4,164 5, 756 $2, 345 2,294 2,234 2,573 2, 954 3,383 4,052 2, 072 2 182 3 2, 021 2 326 2,691 2, 397 3,112 $12,613 $2, 092 6, 012 5,370 5, 465 6,048 6, 063 4, 637 5,395 4, 419 4,657 5, 134 3,271 2, 600 2,646 2, 854 2,841 2 961 16, 306 15, 640 13, 006 13, 441 12, 909 3,615 260 116 105 91 Cents s 27, 338 26, 163 25, 232 31, 126 34, 943 36,410 33, 034 0. 719 . 723 .722 .707 .715 .849 .973 3 2, 823 2, 881 3 3, 649 2,882 3,290 3, 556 3, 863 37,412 28, 730 31,316 38, 134 35, 788 1. 052 1. 275 1.182 1. 115 1. 115 3, 904 3,111 2,877 3, 167 3,010 3 3 Passen- operatEx ^ ing penses J^ reve- nues Thousands j Operatin g income Thousands of dollars 3 3 . 1 1923 September October November December 390, 881 441, 518 395, 885 344, 140 105, 902 93, 795 87, 162 101,118 546, 062 587, 914 531, 989 494, 615 416, 665 445, 341 406, 957 388, 154 92, 477 103, 776 86, 776 70, 046 39, 461 42, 209 38, 159 33, 419 1. 100 1. 150 1.133 1. 122 3 552 3,080 2,833 3, 220 6, 942 5,879 5,384 6, 052 4,821 5, 120 5, 232 1,738 3 2, 2, 2, TiS 837 551 817 14, 092 14, 446 14, 177 10, 593 74 105 90 242 January February March April 333, 433 352, 692 371, 691 342, 907 91,721 83, 394 87, 134 85; 223 468,986 479, 454 505, 371 475, 232 385, 092 374,916 390, 601 377, 827 51, 389 71, 605 80, 320 62, 299 34, 506 35, 981 36, 426 31,926 1.086 1.094 1. 125 1. 176 2, 966 2,705 2,816 2, 780 5, 982 5,568 5, 609 5, 878 5, 215 5, 035 5, 123 5, 175 2,724 2,483 2, 641 2, 681 13, 109 12, 957 13,310 13, 348 89 51 102 84 May Junc. July August 344, 787 323, 375 340,088 358, 511 85,618 95, 953 97, 359 104, 553 477,529 465,670 481,826 508,506 381,486 364, 229 370, 100 373, 671 60, 65, 74, 95, 930 801 i 368 1 707 ! 33,915 31, 9(,7 33, 185 36,447 1. 127 1. 122 1.134 1.090 2, 867 3,318 3,470 3, 673 5, 6, 6, 7, 831 717 345 182 5, ITS 4, 623 5,421 4.998 2, 685 3,118 3, 097 3.491 13, 322 12, 8S7 12, 818 12, 632 91 78 79 100 September October November December 399, 439, 380, 362 214 042 992 217 93, 82, 78, 90, 541, 572, 505, 505, 047 872 889 176 381, 404, 374, 381, 792 038 410 475 117,018 | 127,223 93, 396 86, 695 39, 0(54 43. 134 38, 0(57 34, 998 1.123 1.115 1. 094 1 . 095 3, 212 2, 773 2,613 2, C32 6,512 6, 005 5,242 5, 887 5,072 5, 076 5,244 5, 470 3, 167 2,773 2, 509 2, 719 13, 035 13, 246 12, 846 11,394 117 111 84 111 1935 January ... February March April 350, 336, 360, 347, 619 800 608 029 88, 674 77, 566 79, 572 78, 373 484, 774 454, 996 486, 481 473, 497 383, 355, 377, 370, 735 555 265 623 65, 842 j 68, 920 ! 73,117 66, 199 37, 035 33, 575 35, 335 33, 577 1. 057 1.100 1. 128 1. 141 2, 890 I 2, 549 2, 620 2, 596 6, 320 5, 652 6, 270 6, 008 5,202 4,993 5, 421 5, 168 2,800 2, 503 2. 651 2,701 12, 432 12, 357 12, 875 13, 041 80 80 111 22 359, 170 365, 988 377, 517 403,311 82, 004 92, 596 97, 916 103, 961 488, 683 506, 809 522, 427 555, 367 375, 755 375, 936 382, 905 388, 970 75, 857 ; 91, 751 99, 463 124, 805 37, 147 35, 863 37, 968 41,723 1.081 1.115 1.093 1.069 2, 798 3,280 3, 537 3, 751 6,367 7, 291 7, 562 7, 768 5, 182 5,216 5, 003 5, 020 3, 150 3 276 3, 633 12,791 12, 804 12, 753 12, 567 101 99 102 115 419, 643 450, 493 402,411 379, 505 95, 705 86, 464 81, 095 91,997 565, 452 591, 313 532, 827 524, 007 388, 096 410, 352 384, 514 389, 650 134, 585 137, 700 106, 943 i 94, 667 41,322 44, 062 40, 786 1. 103 1.114 3, 335 2, 908 7, 409 6,818 6,052 5, 190 5,841 5, 492 13, 152 13,465 154 210 1924 May June July August . . ._- ... September October Novmber December . _ .. _ _ 201 886 791 850 3,385 3,039 2,742 2. 869 ; 1924 January February March April Mi ay June | 1 Data from the Interstate Commerce Commission, covering Class I railroads, those having annual operating revenues in excess of $1,000,000, which comprise 193 railroads with about 98 per cent of the total operating revenues of all railroads. 2 Net railway operating income, from the Interstate Commerce Commission reports on Class I railroads, includes net operating revenue (equal to the difference between total operating revenue and total operating expenses), from which there have been deducted railway tax accruals, uncollectible railway revenues, equipment, and 3joint facility rents. Fiscal year ending June 30 of «year indicated. 4 Data from Bureau of Pailway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission. Monthly data on ton-mile operations from 1916 8 appeared in December, 1923, issue (No. 28), p. 52. Pullman passenger traffic furnished by The Pullman Company: revenues and expenses from its reports to the Interstate. Commerce Commission. 6 Reports to the Interstate Commerce Commission of the American Railway Express Co., to which are added reports of the Southeastern Express Co. from the time of its organization in May. 1921, thus presenting practically complete reports of the express business on railroads. Operating income includes net operating revenue (equal to the difference between total operating revenues and operating expenses) from which have been deducted uncollectible revenue from transportation and express taxes. 93 Total owned Number Tractive power (mills, oflbs.) 1913 monthly av 1914 monthly av_ _ 1915 monthly av 1916 monthly av 1917 monthly av19 18 monthly a v _. 19 19 monthly a v - _ _ 1920 1921 1922 1923 1924 1925 monthly monthly monthly monthly monthly monthly av av av av _ _ . av av Bad order Number *x w* fig •8 Ofe SHIPMENTS BY MFRS.2 DoTotal mestic Per cent of total in use Domestic Total SHIPMENTS, EXLOPORTS ELECTRIC COMOTIVES 7 6 () (quarterly) Steam i 23.8 18 25. 3 23.9 26.4 19.0 17.4 16.9 199 112 106 266 122 93 110 69 88 249 110 67 1,323 337 889 1,592 479 454 894 296 791 1,513 424 361 40 59 143 84 31 22 27 30 265 187 144 <230 179 250 16.8 17.5 17.9 17.8 271 214 176 97 178 175 181 112 137 93 311 110 151 99 132 73 147 92 128 63 376 499 534 640 344 466 494 586 14 10 7 11 14 18 20 21 10, 875 11, 034 11, 105 10, 964 16.9 17.1 17.2 17.0 153 160 197 229 107 178 113 166 118 1 91 9 111 145 140 139 93 134 130 121 643 531 483 361 589 462 416 306 10 72 63 50 21 31 17 36 2,586 2,586 2, 587 25,89 11,329 11, 095 11,574 11, 267 17.6 17.2 18.0 17.5 160 113 181 295 151 220 263 304 111 148 99 189 104 96 133 142 79 78 123 132 386 462 397 431 333 398 331 358 37 76 70 64 51 37 29 25 64, 824 64, 779 64, 747 64, 509 2,591 2,592 2,593 2,587 11,314 11,404 11,611 11, 101 17.6 17.7 18.1 17.3 167 125 138 171 213 169 170 409 27 49 106 84 90 85 109 92 45 73 93 82 407 397 447 477 351 343 351 362 81 77 83 82 39 13 27 19 May _ _ , - _ _ _ _ June July.. Au crust 64, 484 64, 485 64, 420 64, 357 2,590 2,591 2,594 2,596 10, 902 10,917 10, 658 10, 551 17.0 17.1 16.7 16.5 147 179 139 147 172 224 170 210 51 16 39 26 96 .110 66 104 68 61 58 91 467 397 378 309 353 300 283 225 80 66 59 45 45 43 12 11 September October November. December 64, 257 64, 142 63, 869 63, 619 2,596 2,595 2,589 2,585 10, 643 10,238 10, 725 9, 769 16.5 16. 1 16.9 15.4 129 150 112 129 229 266 394 379 86 199 101 216 94 79 98 93 50 54 32 75 363 497 548 763 296 397 448 628 37 33 32 35 22 56 38 38 64, 757 64, 962 64, 370 2,573 2, 592 64, 989 65, 029 64,911 64, 896 2,563 2, 560 2,560 2, 561 10, 791 11, 304 11,558 11,440 64, 942 64, 924 65, 008 66, 062 2,566 2,569 2,576 2,583 September October November December 65, 071 64, 964 64, 882 64, 871 1935 January February _ March April.. 1934 January. February March April.. May June July August _ _ _ _ _ __ 4 4 1926 January February _ March. April May June 1 S dul'trial 41 22 52 69 148 89 80 306 119 114 130 [36 371 223 166 20 217 165 118 83 5, 55'9 17, 026 12, 204 11, 195 10, 819 Minin Number of locomotives 1 5 UNFILLED ORDERS, MFRS.2 (end of mo.) YEAR AND MONTH *3 BUILDING IN R.R. SHOPS i ON RAILROAD LINES i (end of month) RETIRED i INSTALLED i Table 69.—LOCOMOTIVES 8318 8142 8172 815 140 45 134 21 141 9 153 14 151 7 120 19 187 13 228 16 822 814 1 |--- Locomotives in bad order, both passenger and freight, on Class I railroads, and number owned, retired, and building from American Railway Association, Car Service Division. Data for 1919 on bad-order locomotives from U. S. Pailroad Administration. 2 Reported direct to the U. S. Department of Commerce, Bureau of the Census, by principal locomotive manufacturing companies, exclusive of railroads making locomotives in their own shops. Only regular railroad locomotives are included in these data, Monthly data from 1920 appeared in June, 1922, issue, (No. 10), page 42. Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating ihe 1924 data was 91 per cent. 4 Eight months' average, May to December, inclusive. 5 Ten months' average, March to December, inclusive. e Data from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1922 appeared in April, 1925, issue (No. 44), pp. 27 and 28. Compiled from quarterly reports to the U. S. Department of Commerce, Bureau of the Census, from nine manufacturers comprising practically the entire industry. Press 8 releases furnish details as to type, i. e., trolley or storage battery. Data for 1923 not available by quarters, but annual figures are reduced to quarterly averages. Quarterly averages. 94 Table 70.—FREIGHT-CAR MOVEMENT YEAR AND MONTH Box cars Coal cars LOADINGS 2 SHORTAGE i SURPLUS i Box cars Total3 cars 1 Grain and grain products Total3 cars Coal cars i Livestock Coal and coke Forest products Ore Merchandise and 1. c. 1. Miscellaneous Total Number of cars ji 75, 605 1,981 154, 499 23, 592 68, 680 189, 396 24, 194 339,026 65, 901 28, 964 18, 991 43, 148 1,146 4,200 25, 868 444 47, 675 33, 634 88, 482 103, 747 90, 897 23, 367 110, 572 96,843 164, 500 69, 659 229, 908 241, 289 26, 653 10, 566 384 90 15, 852 13, 527 487 115 1923 September October . November December 30, 527 15, 116 53, 962 129, 963 5, 651 7,205 80, 756 149, 409 41, 745 24, 477 153, 057 312, 338 6,776 3,943 319 18 5,439 3,068 605 21 1924 January February March April 74, 415 51, 398 81, 342 101, 648 67, 578 56, 618 135, 976 193, 061 169, 134, 248, 329, 036 273 301 489 1, 678 1, 076 157 42 1, 894 2, 475 105 97 May June July August 133, 216 153, 550 138, 734 69, 244 168, 913 162, 343 146, 840 97, 089 338, 526 356, 389 322, 530 194, 306 43 64 94 212 17 3 13 19 September October November December _ 36, 768 30, 486 73, 547 117,434 58, 375 49, 058 82, 819 108, 189 116,689 99, 190 183, 914 266, 252 270 784 166 27 1925 January February March April 103, 209 103, 177 113,615 131,212 69, 736 138, 425 185, 724 160, 913 213, 921 285,015 344, 959 337, 181 140, 676 149, 405 139, 428 85, 732 133, 559 109, 404 80, 661 40, 427 58, 203 49, 502 53, 4G3 112, 345 61, 370 42, 949 43, 658 95, 295 1917 1918 1919 1920 1921 mo. av mo av mo. av nio. av mo. av 6,437 29 251 82, 135 15, 985 127, 982 1922 1923 1924 1925 mo. mo. mo. mo. av av av av 751, 043 917, 508 1, 375, 951 1, 069, 692 3, 716, 007 3, 486, 409 3, 759, 873 3, 276, 930 524 143 879 238 985, 495 1, 013, 754 1, 043, 344 1, 097, 588 1, 243, 743 1, 441, 270 1, 440, 757 1, 568, 406 3, 600, 630 4,151,009 4, 044, 536 4, 264, 830 395 801 963 662 293, 152 288, 670 135, 086 41, 781 970, 791 1, 263, 860 963, 983 903 076 1, 474, 254 1, 951, 178 1, 372, 702 1, 111, 334 4,147,783 | 5, 348, 499 3, 853, 651 j 3,306,724 337, 321, 327, 306, 065 736 109 539 42, 505 37, 914 46, 993 70, 237 1, 090, 436 933, 639 1, 003, 536 1, 002, 497 1, 381, 397 1, 204, 991 1, 289, 597 1, 315, 777 4, 294, 270 3, 631, 819 3, 661, 922 3, 498, 230 365, 274, 239, 342, 541 499 854 809 606 446 702 279 1, 210, 017 963, 748 916, 898 1, 212, 643 1, 589, 201 1, 280, 764 1, 278, 632 1, 770, 836 4, 473, 729 3, 625, 182 3, 524, 909 4, 843, 997 269, 408 353, 498 276, 220 252, 849 188, 326 212, 601 71, 569 39, 366 987, 214 1, 290, 075 981, 134 928, 291 1, 536, 780 2, 050, 896 1, 423, 018 1, 167, 194 4, 147, 885 5, 455, 431 3, 902, 172 3, 474, 887 180, 097 1, 067, 055 123, 056 731, 900 111,221 642, 826 110,207 596, 195 340, 539 319, 508 324, 745 312, 821 48, 562 45, 044 47, 426 90,815 1, 131, 990 976, 499 1, 037, 768 1, 036, 339 1, 437, 677 1, 254, 629 1, 381, 036 1, 444, 199 4, 450, 993 3, 619, 326 3, 694, 916 3, 721, 662 183, 091 145, 061 164, 804 270, 610 136, 158 807, 115 106, OGO 659, 033 105, 180 679, 756 149, 015 1, 023, 439 378, 683 294, 715 258, 104 358, 369 310, 252, 250, 314, 292 282 633 853 1, 267, 788 1, 028, 601 985, 052 1, 297, 018 1, 771, 594 1, 470, 319 1, 444, 305 1, 950, 706 4, 854, 720 3,956,011 3, 887, 834 5, 364, 010 209, 661 231,959 194, 763 205, 507 131, 190 211,635 140, 270 131,223 278, 351, 265, 257, 230,412 248, 490 132, 276 47, 769 1, 046, 228 1, 353, 435 1, 035, 447 974, 893 1, 669, 867 2, 144, 265 1, 527, 727 1, 324, 544 4, 297, 453 5, 537, 408 4, 094, 967 3, 698, 662 169, 256 153, 585 191, 065 142, 874 129, 452 124, 744 747, 394 894, 180 691, 016 247, 322 254, 861 207, 314 161, 868 200, 853 75, 592 51, 579 27, 873 i 1,046 440 204, 189, 214, 191, 397 641 222 683 135, 147, 146, 136, 508 375 087 271 655, 962 851, 753 754, 400 790, 889 243, 312, 305, 311, 001 074 594 756 132, 195, 139, 168, 15, 331 12, 336 1,336 123 200, 246, 194, 181, 995 312 785 722 156, 213, 154, 143, 456 761, 740 368 1, 014, 310 782 745, 350 663 689, 486 290, 370, 286, 235, 226, 064 194, 576 162, 449 147, 360 178, 185 1, 038, 618 131, 507 807, 456 122, 349 709, 889 117, 287 538, 533 151 98 150 248 196, 151, 174, 304, 116 625 033 362 153, 973 120, 162 117,944 152, 244 274 785 133 30 670 1, 656 354 101 269, 338, 219, 187, 073 613 089 308 146, 760 750, 324 205, 762 1, 000, 986 159, 217 771, 887 147, 652 752, 227 61 100 5 None. 4 10 25 15 406 167 60 15 245, 168, 149, 131, 073 690 894 086 323, 624 307, 495 263, 876 162, 397 4 9 4 None. None. None. 354 7 18 4 635 140, 842 111,619 136, 790 207, 739 364 153 104 5 153 495 200 87 558 2, 957 357 97 4,598 I 3, 991 364 ! 177 703, 596, 576, 805, 275 938 846 824 255, 237, 220, 255, f _. i May June July August September _ _ . October November _ _ _ _ _ _ December. 1926 January February March April 112,834 52, 360 24, 174 82, 056 1,896 731, 995, 799, 757, 172 910 086 176 923 714 398 550 j ._ _ May June. | : i | • II : II * Data from the American Railway Association. Daily average for the last period (7 or 8 days) of the month, exclusive of Canadian roads. The association reports the number of freight cars which are idle (surplus) and also the number of requests for cars which can not be filled (shortage). The difference between these two figures represents the net freight-car situation for the country as a whole. The car shortages can not ordinarily be filled from the idle cars because of the uneven geographical distribution of the latter. 2 From reports of the American Railway Association, Car Service Division. These figures are now put on a monthly basis from weekly reports, consisting of exactly four weeks for each month prior to 1923, except in March, June, September, and December, which cover five weeks each year. Beginning with 1923, the five-week months are January, May, August, and October. 3 Includes other classes than groups listed. 95 Table 71.—RAILWAY FREIGHT CARS ON RAILROAD LINES (end of month) i YEAR AND MONTH Total owned In bad order Capacity (millions oflbs.) Number Number INRESTALL- TIRED ED DURDURING ING MONTH MONTH 0) 0) ORDERED FROM MFRS.' Per ct. of total in use 142, 790 168, 973 166, 779 318, 880 59 7.0 7.3 13.9 1, 838 7,017 1,945 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average. -- 302, 456 185, 343 188, 012 183, 725 13.3 8.0 8.2 7.9 211, 766 190, 411 189, 014 175, 327 204, 369 209, 082 Total Domestic Total BUILDING IN 11. R. SHOPS (end of Domestic mo.)1 Number of cars 1918 monthly average 1919 monthly average _ 1920 monthly overage 1921 monthly average 2, 323, 472 2, 349, 752 ; UNFILLED ORDERS BY MFRS.s SHIPMENTS BY MFRS.3 7, 961 11,917 5, 116 3,528 4,392 6,904 15 013 7,873 11,899 6, 527 9.4 9 2 8.3 7.7 6.7 6.6 6.8 6.9 18, 690 3, 899 3,109 128, 103 91,815 48, 851 17, 559 76, 974 55, 630 41, 964 14,380 4,866 12, 233 6,850 4, 749 12, 069 6, 718 68, 015 72, 825 43, 684 64,007 71, 505 42, 155 160 1,706 1, 093 1,401 12, 065 12, 405 11,799 14, 030 11,871 12, 185 11, 747 13, 968 95, 446 84, 114 74, 766 63, 349 94,283 82, 920 73, 569 61, 110 14,411 1,989 792 1, 185 16, 046 13, 282 13, 850 13, 469 12, 296 13, 018 13, 577 13, 333 12, 131 50, 872 37, 668 28, 092 25, 082 49, 874 36, 869 27, 429 24, 573 1,515 5,007 22, 161 51, 250 54, 202 55, 348 2,417 2, 715 2,697 2,739 9,720 9, 752 12, 327 10, 505 3,482 6,833 i 1923 Mav June July \ugust ! """ Sept ember October November December -- - - -- J U ly August Septembe7* October November December ._ . - 1925 January February M arch April _ Mav June July . August - - September October November December _ 1926 j anuary February March t\ pril May June -- " 2, 307, 997 201, 055 151 332 150, 624 155, 626 158, 175 2, 310, 032 2, 310, 570 2,311,405 2, 312, 074 201,288 201, 535 202, 331 202, 448 161, 569 168, 782 172, 747 179, 275 7.1 7.5 7.6 7.9 15, 589 11,386 9,562 8,718 12, 329 10, 466 8,726 8,026 6,404 19, 537 38, 134 11, 903 5,041 5,070 4, 585 5,058 4,453 5,053 23, 552 52, 678 55, 604 56, 752 2, 312, 237 2, 314, 798 2, 322 968 2, 329, 582 202, 606 203, 139 204, 777 205, 690 189, 219 194, 869 202, 864 210, 109 8.3 8.5 8.9 9.2 9,199 10, 909 16, 583 15, 452 9,059 8,347 8,413 8,834 463 412 567 5,054 6, 253 6, 854 9,584 9,411 6, 158 6,813 9, 580 9, 350 50, 920 44, 462 35, 479 33, 535 49, 644 43, 152 34, 092 31, 387 2, 467 2, 269s 4,602 3,618 2, 336, 147 2, 342, 149 2, 342, 479 2, 337, 229 206, 540 207, 366 207, 535 207, 172 206, 044 190, 543 189, 140 190, 979 8.9 8.2 8.2 8.3 15, 455 16, 598 11, 705 6,763 9,337 10, 504 10, 678 11,918 23, 597 12,610 13, 870 10, 240 9,467 8,839 6,382 5,661 9,440 8,449 5,938 5, 365 40, 954 38, 391 45, 369 46, 508 38, 803 36, 560 43, 937 45, 325 3, 045 3, 574 5,159 6,478 2, 341, 109 2, 346, 687 2, 350, 697 2, 353, 956 207, 626 208, 339 208, 908 209, 368 186, 539 185, 047 186, 417 189, 514 8.1 8.0 8.1 8.2 11,768 15, 024 16,007 13, 749 7,867 9,453 12, 067 10, 497 10, 312 5, 388 4,677 5, 525 8,365 10, 335 10, 718 9,352 7,031 9,881 10, 503 9,212 43, 655 38, 046 30, 699 25, 712 42, 848 37, 684 30, 457 25, 224 5, 285 4,878 5,572 8,072 2, 356, 641 2, 359, 040 2, 301, 551 2, 363, 849 209, 804 210, 256 210, 701 211, 102 195, 986 198, 4C8 197, 281 197, 178 8.4 8.5 8.4 8.4 12, 982 12, 191 10, 542 11, 554 8, 658 9, 797 10, 051 9, 259 8,944 777 843 2,816 7,059 7,639 5,040 3,617 7,030 23, 881 18, 353 12, 685 10, 808 23, 316 17, 561 11,835 9, 986 9,042 8,633 8,189 6,440 2, 363, 637 2, 359, 124 2, 353, 454 2, 347, 275 211, 201 210, 922 200, 590 210, 171 179, 571 165, 481 165, 818 157, 405 7.7 7. 1 7. 2 6.8 8, 161 5,097 4,299 4,386 9, 196 9, 616 9,948 10,612 6, 113 5, 556 13, 598 13, 776 5, 405 2,849 12, 148 16, 354 11,412 15, 869 6, 246 7,189 7,123 5,323 _ _ _ _ 1924 January February M arch April IVIay June " - - 5,015 7, 623 4,880 3,412 5,319 2,492 i i [ i \ ! ' I i j |i 1 Compiled by the American Railway Association, Car Service Division, covering Class I railroads. Monthly averages for bad-order cars for the years 1913-1917; also monthly data for 1920 and 1921, appeared in the October, 1923, issue (No. 26), pp. 59 and 60. 2 Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 94 per cent. Data for the years 1913 to 1918 from the Iron Trade Review appeared in May, 1924, issue (No. 33), p. 77; though not comparable month by month on account of different methods of compilation, they3 indicate the trend from year to year comparable to the above figures. The data on shipments and unfilled orders of manufacturers for railway equipment were obtained from the Interstate Commerce Commission. Monthly data from 1919 appeared in July, 1924, issue (No. 35), p. 55. These figures do not include cars built by the railroads themselves, for which data may be found on p. 114 of February, 1925, issue (No. 42). 96 Table 72.—RAILWAY PASSENGER CARS AND TRAVEL PASSENGER CARS IMMIGRATION AND EMIGRATION 2 Shipments by Ordered manufacturers 2 Unfilled orders from manu1 facTotal Domesturers * Total Domestic tic YEAR AND MONTH Aliens < Immigrants Emigrants | i i i 24 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average Departures Arrivals Passports issued ' Automobiles Persons No. of cars Number of people Number of cars 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1 1919 monthly average VISITORS TO NATIONAL PARKS United States citizens 3 i 115,610 57, 375 21, 557 29,647 12, 747 9,660 20, 613 22, 859 24, 470 13, 387 5,810 5,638 6,718 21, 810 24, 600 23, 238 10, 161 11,208 8,187 6,564 10, 839 30, 069 24, 580 8,954 10, 321 14, 161 27, 909 12, 247 1, 954 1, 693 1,093 1,927 3 135 4, 735 8,163 i | | i | 70 19 63 11 416 177 346 116 148 20 198 184 213 135 34 75 59 138 93 23 71 46 135 88 783 393 914 1, 452 620 701 345 824 1,430 608 59,047 46, 992 31, 764 62, 587 29, 564 24, 227 21,810 20, 498 9,664 5,884 7, 510 6,807 17, 038 19, 272 24, 296 23, 020 26, 839 30, 550 21, 102 23, 340 24, 209 21, 728 25, 137 28, 569 13, 374 11,474 l 11,463 i 10, 521 j 12,198 1 14, 342 68, 887 74, 966 81,812 113, 062 132, 874 138, 910 7, 230 9,548 10, 025 12, 452 16, 002 16, 766 19S4 January . _ _ February March, April . 38 381 308 170 92 76 138 110 66 76 133 104 644 772 742 679 624 752 727 670 33, 878 29, 901 35, 585 38, 375 5,723 3,706 4,202 5, 394 15, 638 22, 161 25, 146 24, 253 20, 817 24, 197 19, 474 20, 791 7,598 1 6,487 11,943 19, 655 35, 408 38, 792 46, 850 58, 330 1,C06 1,730 1, 942 2,118 May June.July August 131 40 194 213 76 102 63 94 67 102 63 94 683 618 635 621 677 605 621 607 32, 985 36, 309 11, 661 23, 290 6,634 6, 831 8,493 8,633 19, 607 21,320 20, 927 44, 791 25, 467 33, 504 43, 812 37, 657 26, 347 ! 22, 207 12, 536 8,571 97, 794 210, 196 416, 121 380, 56-8 7,274 32, 330 64, 654 57, 217 September October November December 325 244 279 235 88 96 99 79 87 90 98 79 544 486 502 512 531 479 496 507 27,941 27, 402 29, 345 28, 098 8, 671 8,941 8,605 14, 288 57, 232 31,474 22, 297 17, 219 23, 849 19, 951 14, 741 17, 388 7,659 7,906 7,984 7, 575 197, 655 47, 571 37, 142 28, 399 18, 294 2,585 1,953 927 78 90 111 104 ! 88 62 45 56 68 62 45 50 522 518 597 559 516 512 558 526 20, 952 20, 913 26, 619 26, 744 6, 183 4, 087 4,993 5,681 16, 987 23, 186 29, 228 26,011 22, 533 23,211 24, 604 23, 700 8,640 8,816 15, 304 25, 040 38, 292 45, 700 58, 082 66, 476 852 1,267 3,171 2,888 August 22 34 362 9 77 81 82 130 77 81 75 110 500 440 699 578 466 404 651 550 26, 045 25, 304 18, 590 22, 421 8,403 5, 747 8, 784 7,539 22, 540 27, 347 26, 326 49, 922 20, 262 39, 289 66, 136 37, 185 31,985 26, 359 13, 830 9,370 124, 205 252, 589 411,376 384, 501 11, 059 22, 576 77, 723 56, 195 September October November December 37 134 87 547 67 66 58 66 612 569 593 550 26, 721 28, 685 26, 642 21, 089 7,200 7,674 6,555 8,840 68, 500 35, 413 23, 118 18, 027 1 24, 369 24, 227 18, 039 19, 270 8,795 8,012 7,776 8,172 184, 279 36, 524 37, 083 27, 807 17, 361 2,462 3,865 1,767 .. I 1925 January February March April May. June _ _ _ July 1926 January February.. . March April I 9,054 i | i: 1 | May June • 1 Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the 2month, and prorated up to the annual totals made from special inquiries. The 1924 data were prorated at 77 per cent. Figures of car manufacturers obtained from the Interstate Commerce Commission. Monthly data from 1919 appeared in July, 1924, issue (No. 35), p. 55. These figures do not include cars built by the railroads themselves, for which data may be found on p. 114 of the February, 1925 (No. 42), issue. 3 Arrivals and departures of aliens and United States citizens reported by U. S. Department of Labor, Burtau of Immigration. Aliens admitted and departed do not include nonimmigrants, as formerly reported in this bulletin. 4 Passports issued, from U. S. Department of State, Division of Passport Control, excludes passports issued to Government officials. 5 Visitors to national parks from Department of Interior as reported by superintendents of the following 15 parks: Grand Canyon and Casa Grande, Ariz, (the latter a monument rather than a park); Hot Springs, Ark.; General Grant, Sequoia, and Yosemite, Calif.; Rocky Mountain, Colo.; Glacier, Mont.; Platt, Okla.; Crater Lake, Oreg.; Wind Cave, S. Dak.; Zion, Utah; Mount Rainier, Wash.; Yellowstone, Wyo.; and Mount McKinley, Alaska. Vehicles are not reported by Platt, Hot Springs, Wind 97 Table 73.—PUBLIC UTILITIES TELEPHONE COMPANIES i Total operating revenues YEAR AND MONTH Net operating income TELEGRAPH COMPANIES i TeleCom- graph and Opermercable ating cial tele- operat- ingraph ing come revetolls nue GAS AND ELECTRIC COMPANIES 2 Energy produced 4 Gross earnings Net earnings Gross revenue sales 3 Total Thousands of dollars 1913 monthly av 1914 monthly av__ 1915 monthly av_. 1916 monthly av__ 1917 monthly av._ 1918 monthly av 1919 monthly av__ $13, 132 13, 722 14, 527 16, 452 18, 700 20, 225 24, 635 $3, 710 3,709 4,139 4,785 4,700 4,649 5,104 $5, 898 6,287 7,596 $7, 674 8,477 10, 095 $1,711 1,282 1,636 1920 monthly av__ 1921 monthly av_. 1922 monthly av__ 1923 monthly av._ 1924 monthly av_. 1925 monthly av 30, 320 36, 265 40, 204 44, 106 48, 412 5,415 7,573 8,882 10, 015 10, 555 9,113 8,043 8,435 9,027 9,085 11,698 10, 371 10, 608 11, 153 11, 210 1,438 1,265 1,697 1,583 1,548 1924 May June July August 48, 217 47, 546 47, 656 49, 936 10, 269 10, 006 8,346 10, 137 8,874 8,808 8,910 9,212 11, 083 10, 992 11, 160 11, 435 September October _ November December 49, 105 50, 931 50, 061 52, 145 11, 443 12, 748 12, 099 12, 131 9,542 9,940 8,776 9,999 1935 January February March April 52, 023 49, 890 52, 762 52, 945 12, 492 11, 782 12, 852 13, 230 May June July August 53, 119 53, 946 53,815 54, 623 54, 955 57, 925 56, 826 September October November ... . T)enp,mbp.r ELECTRIC RAILWAYS ELECTRIC POWER STATIONS By water power By fuels Passengers carried5 In In mfg. central plants, 80 comstastreet panies tions rys., etc. Millions of kilowatt hours $35, 874 $14, 128 37, 581 14, 817 38, 629 15, 057 42, 275 16, 367 46, 534 16, 001 51, 564 15, 250 58, 981 16, 159 $26, 017 28, 067 30, 100 35, 458 44, 925 55, 442 60, 083 71, 095 71, 599 77, 587 84, 188 88, 485 17, 762 20, 571 22, 951 25, 351 26, 866 1,498 1,459 1,380 1,586 87, 448 84, 006 81, 164 80, 408 11, 861 12, 389 10, 053 12, 285 1,879 1,993 1,478 1,811 9,392 8,820 9,821 9,684 11, 593 10, 869 12, 071 11, 861 12, 187 12, 613 11,815 12, 461 9,652 10, 452 10, 448 10, 780 13, 373 15, 034 14, 327 11, 306 11, 678 10, 395 212 companies Thousands of persons 3,243 1,217 2,026 73, 575 81, 066 90, 825 105, 796 112, 969 3,630 3,439 3,975 4,661 4,916 5,467 1,346 1,245 1,438 1,635 1,668 1,860 2,284 2,194 2,538 3,027 3,251 3,607 3,331 3,106 3,634 4,283 4,537 336 333 342 379 383 382, 485 357, 896 358, 561 370, 274 368, 535 26, 796 25, 261 21, 706 20, 754 108, 400 103, 700 99, 100 100, 400 4,794 4,554 4,613 4,735 1,950 1,706 1,603 1,518 2,844 2,848 3,010 3,218 4,422 4,203 4,256 4,382 372 351 357 353 383, 145 355, 657 349, 747 347, 472 814, 059 765, 009 756, 704 744, 760 84, 525 91, 159 91, 672 100, 105 24, 556 27, 434 29,583 33, 527 103, 200 111, 200 120, 200 131, 700 4,803 5,193 5,065 5,537 1,493 1,632 1,559 1,749 3,311 3,560 3,492 3,788 4,454 4,823 4,692 5,102 349 370 373 435 349, 005 369, 908 351, 864 384, 811 746, 555 791, 435 756, 741 829, 842 1,596 1,340 1,816 1,657 101, 658 93, 308 95, 473 93, 493 33, 514 30, 689 31, 418 30, 435 135, 800 124, 800 119, 000 116, 800 5,572 4,982 5,364 5,152 1,695 1,741 2,040 2,022 3,877 3,241 3,324 3,130 5,122 4,598 4,964 4,778 450 384 400 374 382, 107 346, 073 374, 913 363, 946 817, 538 745, 221 812, 708 787, 765 11, 966 12, 808 12, 868 13, 186 1,646 1,967 1,755 1,907 92, 648 86, 120 89, 220 89, 343 29,830 29, 189 26, 274 25, 965 111, 576 109, 400 108,900 111, 500 5,189 5,203 5,346 5,463 2,025 1,845 1,870 1,768 3,164 3,358 3,476 3,695 4,812 4,829 4,967 5,086 377 374 379 377 366, 655 797, 044 769, 618 753, 359 752, 417 13, 784 14, 408 12, 810 2,211 2,342 1,660 90, 855 98, 936 28,977 32, 900 117, 200 128, 800 5,490 5,948 5,787 6,108 1,607 1,801 1,946 1,962 3,883 4,147 3,840 4.146 5,125 5,534 5,377 365 398 395 784, 893 787, 831 750, 209 811, 236 779, 691 841, 910 1926 January.. February March April May June 1 Telephone earnings are the combined reports of 13 largest telephone companies, comprising about 83 per cent of the total operating revenues of telephone companies with annual operating revenues over $250,000, and telegraph earnings are the combined reports of the Western Union and Postal Telegraph Cos., as reported to the Interstate Commerce Commission. 2 Gas and electric earnings are the combined reports to the U. S. Department of Commerce, Bureau of the Census, of 78 companies or systems operating gas, electric light, heat, power, and traction services and comprising most of the large companies in the United States. Gross earnings are in general the gross operating revenues, while net earnings in general represent the gross, less operating expenses and taxes; but owing to a lack of uniformity in the accounts of individual companies, it has not been possible to secure these actual items for each company, and in such cases the nearest comparable figures have been taken. Also in some cases the figures for prior years do not cover exactly the same subsidiaries owing to acquisitions, consolidations, etc., but these differences are not believed to be great in the aggregate. 3 Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from the sale of electricity by companies with about 83 per cent of the installed generator rating of the country, computed to 100 per cent of the industry on the basis of the percentage which the reporting companies bear to the installed central-station rating of the country. Companies reporting sales are not identical with those reporting energy produced. These figures cover light and power companies only, excluding electric railways which do not sell their current. Monthly data from 1913 appeared in the July, 1923, issue of the SURVEY (No. 20), p. 45. 4 Production of electric power by central stations from V. S. Department of the Interior, Geological Survey. Production in central stations up to January, 1925, was segregated by the U. S. Department of Commerce, Bureau of the Census^ from the original records of reporting firms on file with the Geological Survey, from that produced in . , . . fi Data compiled by the American Electric Railway Association from reports, respectively, of 80 identical companies which in 1922 carried 34 per cent of the total electricrailway passenger traffic according to the census of electrical industries of that year, and of 212 companies operating 24,187 miles of revenue single track and 3,090 miles of bus routes and carrying about 68 per cent of the total revenue passengers carried by electric railways. 70396°—26 --- 7 98 Table 74.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL [Index numbers for base year in boldfaced type] INDUSTRIAL 1 RAILWAYS 3 U.S. GOVT., ANWASHEm- Aver- THRAINGCITE ploy- age Miscel- ees on hour- MINES* TON (civillanely ian) 7 ous wage 1 industries Thous- DolNumber employed sands lars 1 Total n YEAR AND MONTH groups Iron Lum- LeathTexChem- Stone, and per and Paper icals clay, Nontiles steel and er ferand and its finand and and its rous their their ished print- other glass metmanprod- prod- ufac- prodprod- prod- als » ing ucts ucts ucts ucts ture ucts l Food and kindred products VehiTocles bacco for man- land ufac- transture portation ?sr INDEX NUMBERS RELATIVE TO 1923 || 2 1914 mo. av 1915 mo. av _. 1916 mo. av 1917 mo. av 1918 mo. av.. . 1919 mo. av 1920 mo av 1921 mo. av 1922 mo. av 1923 mo. av... 1924 mo. av 1925 mo. av NUMERICAL DATA 95 97 110 115 114 108 1 i ! i ! : j • 1, 647 $0. 276 1,733 . 313 1,842 463 1, 913 557 i i 110 85 88 100 90 91 100 96 91 100 88 89 100 86 87 100 100 91 92 1.0O 100 101 100 92 94 100 95 93 97 94 100 90 97 100 94 92 100 89 91 100 81 92 95 97 96 95 98 99 97 93 96 97 96 91 93 94 95 94 95 97 97 98 97 97 97 92 102 101 101 101 97 99 103 101 94 95 99 102 96 101 102 100 96 97 95 92 96 96 96 95 91 88 85 85 92 94 94 95 88 84 79 81 89 85 80 79 97 95 93 93 88 83 83 87 100 99 98 98 92 85 84 84 102 99 94 96 97 91 85 84 92 92 93 93 87 88 88 89 97 97 95 96 84 86 86 88 80 81 82 85 93 94 93 93 91 92 91 91 100 101 101 102 88 89 89 90 95 95 95 94 85 89 90 93 1925 January February March April 90 92 92 92 93 93 90 87 90 92 92 91 86 88 89 88 92 93 93 94 92 95 95 92 101 101 102 101 91 92 99 102 90 92 96 100 May June July August _„ 91 90 89 90 87 89 89 90 89 88 86 87 87 87 85 85 93 94 93 93 90 86 89 93 100 99 99 99 89 87 89 91 91 92 93 93 92 P5 94 93 87 90 90 90 86 87 89 90 94 94 93 92 95 95 92 89 100 102 103 104 97 98 98 98 1924 January February March April . . May June July August. September October November December.. .... __ | , September October November December • 1936 January February March April May June 1 ' 2 013 1 061 1,645 1,880 1, 769 667 .665 .618 .615 .628 95 97 96 94 1, 750 1,753 1,760 1,787 90 85 84 84 88 85 82 80 95 88 97 96 84 85 84 85 94 96 97 96 92 93 94 86 100 101 97 99 96 96 95 96 100 101 100 98 96 98 100 102 * G'J. 070 5 156, 008 6 152, 874 153 873 153, 383 i°152 419 92, 237 80, 838 71,061 66, 214 64, 755 63, 703 .625 i .638 .626 .621 156, 232 155, 938 155, 075 151,016 64, 946 64, 844 64, 680 64 ,"31 1,793 1,771 1, 773 1,789 .619 .625 .623 .625 153, 008 153, 482 153, 333 150, 048 64, 614 64, 120 64, 437 64, 489 82 84 85 87 1, 801 1, 823 1, 789 1, 737 .633 .622 .638 .638 153, 030 154, 076 154, 985 145, 370 64, 638 64, 794 64, 740 68, 079 86 87 90 92 90 92 93 94 1,728 1,725 1,722 1,746 .639 .653 .622 .618 155, 463 153, 782 149, 215 151, 220 65, 938 65, 505 64, 884 65, 037 92 91 91 90 92 90 90 91 93 91 91 90 1, 767 1,782 1,796 1.800 .620 .628 .668 . 633 153, 282 151, 807 152, 149 64.611 63, 756 63, 837 ! 63,054 92 95 95 95 92 95 94 93 90 89 91 94 1,804 1 817 1,789 .638 . 632 .647 i i i 1 62, 519 62, 039 61, 753 61,509 i | ! ! ' i ! . i! j- h i 1 1 ! • i ! ! |i i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes based upon the number of wage earners in the respective industries in 1919. The original data are taken from the pay roll nearest to the middle of the month as reported by more than 9,000 firms, employing almost 3,000,000 workers. Details of this table, together with the method of construction, may be found in the April, 1924, Monthly Labor Review, pp. 129-132, while current details are given monthly in Employment in Selected Industries as issued by the Bureau of Labor Statistics. 2 Average for last 7 months of year; earlier data not available. 3 Compiled from reports of Class I carriers and 15 switching and terminal companies to the Interstate Commerce Commission. The computation of average wages exclude the officials included in total on pay roll. Monthly data from 1920 given in January, 1923, issue (No. 17), page 51. 4 Compiled by the Anthracite Bureau of Information, and includes miners, miners' laborers, inside and outside company men, and all other employees at collieries. These classes are shown separately in the association's report. 8 Average of last three months of the year. 6 Average of 6 months; data for the 6-month period, March to September, not available on account of strike. ? Compiled by the U. S. Civil Service Commission, giving number of civilian employees carried on rolls at end of each month. Details by departments, with data on additions and separations, are given in the monthly reports. 8 Nine months' average, April to December, inclusive. 8 Includes stamped and enameled ware and brass, bronze, and copper products. 10 Average for first seven months of year; later data not available on account of shut down of mines. 99 Table 75.—FACTORY EMPLOYMENT, BY STATES AND CITIES [Base year in bold-faced type] MasNew sachu- York 2 setts i YEAR AND MONTH Penn- Dela3 sylvania ' ware New Jersey 3 Relative to 1914 Relative to 1923 Illinois 4 Wisconsin s Rel. to 1922 Rel. to 19157 Detroit 6 New York 2 Rel. to Rel. to 1914 1920 New Penn- Dela- WisconJersylseys vania ware 3 sin « Detroit e Rel. to 19157 Relative to 1923 Number 100.O 10O 98.3 112.5 116. 8 118.5 117 6 103 121 126 128 120 114. 7 1920 monthly av 1921 monthly av 95. 4 1922 monthly av . . . . 101. 0 1923 monthly a v 106. 6 90.3 1924 monthly av 91. 1 1925 monthly av 124 97 105 116 106 105 100 90 88 100 100 89 91 1934 January February March April 97. 2 97 2 96.7 92.3 112 113 113 110 95 95 95 93 88.3 85.7 82.0 84. 5 105 102 98 99 87. 2 90.4 90.8 91.3 1925 January February _ ._ . March April. _ May June July August May June July August September October November December September October November December 1936 January February March April May ^vj-aj June -.- _ _ . - . . ... _. .._ _ ._ 7 100 105 7 107 141 166 210 227 128 136 140 136 ! Thous. of dollars Thousands 113 160 198 258 284 177, 97, 161, 218, 203, 230, 342 191 210 270 533 845 269 713 666 251 478 494 579 604 614 573 5,843 6,377 8,366 9, 892 12, 481 13, 490 594 464 500 553 504 50! 16, 711 11,943 12, 524 15, 074 13, 967 14, 159 79 81 100 110 101 98 135 94 107 124 117 122 100 55 91 124 114 130 94 95 95 94 78 83 84 84 105.9 108.2 108.2 106.9 114. 5 123.4 125.5 122. 5 135 136 134 130 250 252 256 245 94 96 96 93 91 96 95 94 81 85 89 93 253.9 283.6 288.7 276,3 239, 503 241, 134 240, 586 231, 617 535 540 542 524 14, 874 14, 978 15, 259 14, 530 91 88 84 85 90 86 82 83 81 77 78 76 104. 2 100.7 96.2 96.5 116.1 111.4 115.5 115.0 116 111 111 112 233 224 214 217 91 88 81 82 88 80 72 77 85 78 76 79 266. 1 243.2 236. 6 250. 3 213, 201, 197, 194, 589 701 462 490 503 489 470 471 13,847 13, 317 12, 741 12, 905 102 104 104 104 87 88 88 89 85 87 87 89 75 76 78 79 97.1 96.1 95.7 97.6 113.6 114.8 116.2 116.4 111 110 111 54 231 229 231 237 86 86 88 90 79 83 83 90 77 80 78 89 248. 3 262.2 263. 2 267.1 196, 962 194, 845 197, 075 95, 024 489 495 495 499 13, 715 13, 632 13,700 14, 101 92.6 93.9 93.6 92.4 104 106 107 105 88 87 87 87 90 92 92 91 82 83 83 81 98.5 100.0 98.9 97.9 117. 5 119.6 120.1 120. 1 117 119 127 133 236 238 245 234 86 87 88 86 88 91 91 88 88 87 87 84 263. 9 280.8 279.1 280. 5 207, 561 211,491 225, 626 236, 557 497 505 511 502 14, 048 14, 133 14, 532 13,881 90.3 87.6 86.5 88.3 104 103 102 102 86 85 84 86 90 90 90 89 82 82 80 76 96.9 96.5 95.3 95. 5 121. 1 122. 3 128. 3 124. 1 133 135 137 137 234 231 229 | 231 90 87 84 88 88 85 81 84 86 84 79 289. 4 284.8 286. 2 295. 3 236, 686 240, 406 242, 515 | 244, 002 495 491 486 487 13, 891 13, 717 13, 589 13, 722 89.9 92 2 93. 1 92.7 105 107 107 108 91 92 93 95 90 92 92 93 79 78 78 82 97.8 98.6 99.3 99.8 123.9 123.3 122. 6 123.7 145 150 149 73 238 245 247 252 89 95 96 100 83 90 88 92 78 82 84 89 286. 7 297. 6 288. 1 291.3 257, 894 | 266, 947 j 264, 221 129,104 500 510 513 516 14, 150 14, 559 14, 700 14, 983 281 201 211 254 235 238 100 100 89 90 100 83 84 86 87 262 285 j ; - ! ""' j _- New York State 2 NUMERICAL DATA RELATIVE NUMBERS 1914 monthly av J 915 monthly av 1916 monthly av 1917 monthly av 1918 monthly «iv 1919 monthly av TOTAL PAY ROLL EMPLOYEES ON PAY ROLL TOTAL PAY ROLLS EMPLOYEES ON PAY ROLL I 1|| " " " 261,602 ::::::::;::::::::::::::••• """ ! ! I s Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware. 4 Data on Illinois represent reports by about 1,400 manufacturing establishments, employing about 400,000 people, to the Illinois Department of Labor. Figures on employees are based upon the number on the pay roll nearest the 15th of the month. <s Data compiled by Industrial Commission of Wisconsin. Prior to June, 1923, this index was based on identical manufacturing establishments employing about 80,000 people; thereafter on link relatives from reports of manufacturing, logging, and agricultural firms. 6 Data on Detroit employment from the Employers' Association of Detroit, covering about two-thirds of the working population of that city. Figures for the last week of the month are given here. • Relative to first quarter of 1915. 100 Table 76.—WAGES AND EMPLOYMENT AGENCIES WAGES OF COMMON LABOH BY GEOGRAPHIC DIVISIONS * U.S. average YEAR AND MONTH New England East West East West Middle Sooth South North North Moun- PaAtlan- Atlan- Cen- South CenCentain Cencific tic tic tral tral tral tral U.S. FARM STEEL WAGES CORP. (withWAGE out RATES board) 3 (2) Dollars per mo. Cents per hour EMPLOYMENT AGENCIES « East- Cen- South- Western ern tral ern States States States States U.S. average Number of applicants per 100 jobs ! 1913 1914 1915 1916 1917 1918 1919 monthly av . monthly av monthly av__ monthly av__ monthly av_ . monthly av_ . monthly av_. 20 23 28 36 41 20 25 31 39 41 20 24 30 38 41 1920 monthly av_ _ 1921 monthly av_ . 1922 monthly av_. 1923 monthly av__ 1924monthlyav_. 1925monthlyav_. 49 36 32 38 38 38 . 49 38 39 51 50 46 1934 January February _ March April 38 38 41 39 May June July August j 14 IS 21 27 32 12 13 17 93 28 16 17 21 28 36 21 24 29 39 43 25 28 34 45 53 26 29 36 44 47 26 28 36 45 52 19 20 20 23 30 37 42 50 35 36 45 45 45 37 26 21 25 28 27 32 25 20 22 24 25 40 28 24 25 27 27 53 35 31 39 40 37 62 45 31 34 36 38 55 46 37 42 41 44 60 50 48 54 52 52 44 39 33 42 50 50 52 53 60 52 47 48 55 48 27 27 33 27 23 23 22 25 25 24 29 26 40 41 43 41 35 33 36 35 45 39 37 41 52 51 50 53 50 50 50 50 38 39 38 38 51 51 51 47 4-7 47 43 42 27 30 28 28 25 25 24 25 26 27 26 28 41 38 39 39 36 35 36 39 41 45 41 40 51 55 53 53 50 50 50 50 September October November December 39 38 38 37 48 47 46 47 41 41 41 43 29 30 28 27 24 24 25 23 28 27 28 27 43 40 41 39 39 38 37 37 43 42 41 41 52 53 52 52 50 50 50 50 1935 January February March April 36 38 38 38 44 45 48 47 52 46 44 46 22 23 25 29 21 26 24 23 28 29 28 27 34 41 36 37 36 39 41 37 39 39 43 42 52 51 53 53 50 50 50 50 M!ay June July August 38 38 38 38 46 46 47 47 42 42 43 42 28 29 28 28 26 26 25 25 24 25 26 25 37 38 36 38 38 38 35 38 45 47 48 44 52 53 52 52 50 50 50 50 September October November December 38 38 38 38 46 46 46 48 44 46 45 48 30 25 27 27 25 25 25 25" 26 28 29 25 38 36 36 37 38 37 37 38 45 46 46 43 53 53 52 51 50 50 50 50 : ; $30. 21 29. 72 29. 97 32.58 40. 19 49.13 56.77 65.05 43. 58 42. 09 46.74 47.22 47.88 47.38 48. 02 48.46 45.04 47.40 48.55 48.99 46/56 i i |! * 173 | * 131 106 127 105 \ 100 143 127 122 140 4 235 146 131 180 175 * 164 125 109 130 122 *95 70 60 69 64 145 132 125 109 195 177 170 153 158 138 136 119 83 72 73 68 120 142 143 125 181 211 200 175 119 131 134 131 58 69 82 67 126 129 141 152 116 112 122 131 164 165 174 195 111 122 127 138 57 59 71 66 174 163 145 124 142 139 126 111 232 222 189 152 147 132 134 120 70 57 65 63 129 155 140 131 124 118 132 123 162 180 177 167 122 122 136 127 59 59 71 65 105 144 127 146 87 113 119 126 137 144 149 190 89 93 119 120 59 59 66 70 161 145 139 126 136 157 159 169 , 1936 January February March April June i 1 Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current data beginning January, 1922, are compiled directly from Federal aid project reports. Earlier data included reports on farm labor or other forms of common labor closely correlated as reported to the Department of Agriculture and the Department of Labor. 2 Average rates in the Pittsburgh district reported by the United States Steel Corporation; rates apply to 10-hour day except for the period Oct. 1, 1918, to July 16, 1921, during which period the rates applied to a basic 8-hour day with time and a half for overtime, and beginning Aug. 16. 1923, when they applied to an 8-hour day, the 10-hour workers amounting to only 30 per cent of the total. 3 Average rates paid to farm labor as reported by crop reporters to the U. S. Department of Agriculture, Bureau of Agricultural Economics. Data by sections of the country are shown in the detailed reports published in Crops and Markets. 4 Six months' average June to December, inclusive. 6 Compiled from weekly reports to the U. S. Department of Labor, Employment Service, showing the number of workers and jobs registered at State and municipal employment agencies. Eastern States included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island (Delaware Maryland, and Pennsylvania, now reporting, are excluded to show true comparison). Central States are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern States include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas, and Virginia. Western States include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, 1922, its figures being so small as not to affect the total. 101 Table 77.—WEEKLY EARNINGS OF FACTORY LABOR [Base year in bold-faced type] U. S. TOTALS, 23 INDUSTRIES 1 Men Grand total YEAR AND MONTH UnTotal Skilled skilled U. S. TOTALS, 23 INDUSTRIES 1 BY STATES PennWo- Mas- New New Jer- syl- Dela-7 Illimen sachusetts 8 York « sey 7 vania 7 ware nois 8 Relative to July, 1914 Relative to 1914 Relative to 1923 Wisconsin o Men Grand total Total Rel. to Rel. to 1922 1915 1920mo.av__ 1921 mo av 1922 mo. av__ 1923 mo. av__ 1924mo.av__ 1925 mo. av 4 100 4 100 4 100 4 100 4 100 NUMERICAL DATA 4 4 1OO.O 103.2 116.6 134.7 167.8 190.8 1OO 103 116 131 188 188 "106 125 146 186 209 1010O 110 112 254 202 196 218 223 2 29. 51 23.57 3 24. 06 26.25 26.27 2 31. 72 25.05 3 25. 69 28.27 28.31 2235 188 3192 209 209 2238 188 3193 213 213 2235 188 U94 213 212 2253 191 3192 211 213 2233 205 204 223 215 227.6 196.8 196.6 223.8 210.8 187.3 226 206 201 218 222 227 1924 May__ June July August 208 203 200 201 211 214 204 204 210 213 202 203 212 214 205 205 214 203 201 205 216.4 213.5 214.2 211.4 September -October November _ _ December— . 207 211 211 214 211 214 213 217 210 213 218 216 211 211 213 215 218 221 220 219 1935 January February March April 216 216 217 215 220 221 221 220 217 219 220 218 224 222 223 222 May June July August 215 211 210 210 222 218 215 216 220 216 214 214 September _ _ October November. _ December 215 216 216 221 222 221 218 220 219 Women Dollars RELATIVE NUMBERS 1914mo.av__ 1915 mo av 1916 mo. av 191 7 mo. av_ 1918 mo. av_. 1919 mo. av UnSkilled skilled NEW YORK STATE (fl) $13. 54 $13. 30 4 $10. 71 4 $7. 84 $12. 48 12.85 14.43 16.37 23.50 23.50 2 33. 31 26.55 3 27. 42 30.12 30.04 2 27. 11 20.48 3 20. 53 22.61 22.86 2 18. 27 16.07 3 15. 99 17.46 16.89 28.15 25.72 25.04 27.23 27.68 28.29 $14. 16 4 100 100 100 100 101 98 99 102 101 217 218 217 220 101 101 97 98 100 95 89 94 103 99 95 101 112.0 110.9 108.0 109.1 229.5 218.5 204.9 217.6 26.10 25.44 25.12 25.18 28.11 28.52 27.07 27.14 29.75 30.19 28.62 28.68 22.75 22.94 21. 95 21.94 16.74 15.95 15.76 1 16. 04 27.54 27.21 27.12 27.40 192.4 208.9 188.0 190.1 225 221 222 226 100 99 101 101 94 97 97 103 100 103 97 110 110.1 112.0 111.8 114.8 218.2 227.8 226.2 229.1 25.98 26.45 26.41 26.85 28.11 28.44 28.37 28.90 29.76 30.21 30.84 30.65 22.56 22.60 22.84 23.08 17.11 17.36 17.21 17.18 28.03 27.53 27.66 28.26 227 226 225 222 189.5 189.1 188.9 184.5 227 224 228 222 98 101 101 98 99 101 101 99 104 102 102 101 111.9 113.9 112.1 113.2 224.0 234.1 231.7 232.9 27.09 27.12 27.19 27.01 29.20 29.35 29.45 29.25 30.75 30.96 31.09 30.85 24.02 23.81 23.86 23.75 17.79 17.70 17.62 17.44 28.29 27.97 28.45 27.67 221 217 214 217 223 216 213 215 185.4 182.9 187.3 187.9 225 224 224 228 104 102 101 103 100 97 94 97 102 100 97 99 113.0 113.8 110.9 112.9 238.4 232.4 222.6 237.3 27.02 26.49 26.31 26.37 29.50 28.98 28.61 28.73 31.19 30.65 30.26 30.30 23.66 23.19 22.92 23. 23 17.50 16.95 16.70 16.87 28.07 27.94 27.98 28.46 219 221 222 217 218 219 186.5 189.9 187.8 187.8 227 229 230 233 98 103 103 105 95 101 99 103 96 102 104 104 107.6 115.3 115.2 231.1 241.0 234.7 26.94 27.12 27.13 29.27 29.51 29.43 30.89 31.20 31.08 23.48 23.66 23.79 17.00 17.13 17.15 28.32 28.57 28.67 29.05 1926 January February March April May June 1 Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23 industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average man-hours worked each week. The grand total weekly earnings are compiled by weighting the average earnings in each industry by the number of wage earners employed as reported by the census of manufacturers of 1919, but as it was impossible to obtain the necessary weighting factors for the classes of labor, the latter averages, are unweighted; hence, the relative number for the grand total sometimes is lower than the relative number of any class, owing to the different methods of computation 2 Average of last seven months of the year. 3 Average of last six months of the year. July, 1914. Data from Massachusetts Department of Labor and Industries, Division of Statisics. Yearly figures through 1922 are based on identical plants as secured by a yearly census. Data for 1923, 1924, and 1925 are connected to the series by the chain relative method, representing at least 40 per cent of the firms included in the yearly figures. These will later be revised by a complete census and subsequent data will be added by the chain relative method. 6 Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State, as reported by the New York State Department of Labor. The 1914 average upon which the index numbers are calculated is an average of the 7 months, June to December, 1914, inclusive. As originally published by the New York Department of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-month average. 7 Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware. 8 Compiled by Illinois Department of Labor from reports of about 1,400 manufacturing establishments, employing about 400,000 people, taken from the pay roll nearest the 15th of the month. The index on earnings is relative to the last six months of 1922. 9 Data compiled by Industrial Commission of Wisconsin. Prior to June, 1923, this index was based on identical manufacturing establishments employing about 80,000 people; thereafter on link relatives from reports of manufacturing, logging, and agricultural firms. 10 Relative to last six months of 1922. 11 Relative to first quarter of 1915. 4 5 102 Table 78.—PAY ROLL AND HOURS IN INDUSTRIAL ESTABLISHMENTS PAY-ROLL INDEXES YEAR AND MONTH Total,i 12 groups VehiLum- Leather Chem- Stone, ber MiscelTocles and Paper icals clay, Nonand bacco for laneits finand and and ferrous manu- land its ous ished print- other glass Metals « facmanu- prodindustransing prod- prodfacture portatries ucts ucts ucts tion ture Iron and steel and their products Textiles and their products Food and kindred products AVERAGE WEEKLY HOURS 2 Nominal Actual NUMERICAL DATA INDEX NUMBERS REL ATIVE TO 1923 | 1914, July 1920 monthly average. 1921 monthly average 1922 monthly average. 1923 monthly aver age . 1924 monthly average1925 monthly average - 55. 0. 3 50. 0 49.7 4 50. 0 49.9 49.7 1 51.5 348.7 4 45.5 49. 2 49.2 46.8 100 91 94 100 100 100 87 90 87 91 100 97 98 100 88 89 100 98 94 102 105 100 93 96 100 1C1 103 100 92 98 100 96 93 100 88 94 May June _ July... August 105 105 101 99 97 100 101 99 105 102 99 98 106 108 100 102 102 105 104 104 104 99 94 97 102 101 100 97 103 101 103 99 105 106 100 103 109 107 102 96 98 100 97 87 104 104 100 103 112 | 110 99 91 50.2 50.2 49.9 49.9 49.8 49.5 49.5 48.7 Septembor October November December 100 102 101 99 104 106 107 105 98 99 94 96 102 104 101 99 104 105 106 103 97 97 94 96 99 102 102 104 102 103 99 99 104 106 105 102 94 94 94 97 97 104 104 106 100 107 105 98 95 95 100 96 49.5 49.6 49.5 49.7 48.0 48.3 48.2 48.1 95 99 99 97 99 100 99 95 97 101 97 90 93 98 100 98 94 100 101 102 96 97 96 88 103 104 104 104 95 97 101 100 97 101 105 109 95 103 105 101 100 99 98 90 87 97 97 97 96 101 99 99 49.6 49.0 50.1 49.9 48.5 48.3 47.8 47.4 96 98 98 96 83 79 72 78 91 82 73 76 101 99 92 93 83 79 78 87 103 101 97 97 94 89 86 87 108 106 94 98 95 87 78 80 92 95 93 93 91 84 77 81 95 86 84 82 49.9 49.9 49.6 49.5 46.6 45.4 44.8 45.2 49.6 49.6 49.7 49.8 46.4 47.1 47.1 47. 1 100 91 95 | 1923 1924 January February March. ADril... ._ i May June _ July..-.. August 92 j 87 81 84 September _ October November December 86 89 88 92 100 97 97 100 84 87 83 90 77 81 82 88 96 98 96 97 91 92 85 88 101 103 103 106 89 90 92 92 98 101 99 100 84 87 90 96 97 88 100 103 82 87 84 86 85 84 87 90 1925 January February March April . . 90 95 97 94 96 95 93 88 92 96 97 91 90 93 94 91 90 96 98 97 92 96 96 88 105 104 106 104 91 94 100 99 92 98 102 105 95 98 100 95 96 89 90 76 79 92 96 97 91 96 98 97 49.8 49.9 49.9 49.9 48.5 48.6 48.6 48.2 May__. June July August _ . 94 92 90 91 90 93 93 93 88 85 85 87 92 89 85 87 98 100 97 97 87 82 85 94 104 103 101 102 94 91 92 94 107 106 99 105 98 97 94 98 93 92 91 92 97 93 90 90 99 93 91 93 50.1 49.8 49.8 50. 1 48. 1 47.4 47.5 47.5 90 96 96 97 93 98 97 97 83 90 90 90 85 92 93 97 100 102 101 100 91 92 85 84 103 108 110 113 96 100 101 101 103 109 109 106 93 99 102 106 92 i 99 101 101 91 100 101 97 91 93 93 99 50.0 50.0 49.7 48.3 48.3 48.5 ... September.-October November ! December 1936 January February March April May June 1 ' | ' I | | II ii 1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes of the amount of the pay roll at the date nearest the middle of each month, for 52 industries combined into 12 groups as above. The groups are weighted in accordance with the aggregate earnings of the respective industries in 1919. The 2 actual data are obtained from a varying number of reporting firms each month, the months of 1925 covering over 9,000 firms, employing almost 3,000,000 people. Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23 industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average man3 hours worked each week. Average of last seven months of the year. 4 Average of last six months of the year. 5 Includes enameled ware and brass, bronze, and copper products. 103 Table 79.—FACTORY TIME OPERATIONS Total, 18 groups * YEAR AND MONTH Food and kindred products Iron and steel and their products Textiles and their products VehiLum- Leather Chem- Stone, Miscel- Ratio cles Toand Paper icals clay, ber laneactual Nonfor bacco and and its its finand and ferrous manu- land time to ous manu- ished print- other glass metals4 faccapacindustransproding prod- prodfacity 2 tries ture portature ucts ucts ucts tion Per cent AVERAGE PER CENT OF FULL TIME OPERATED 1924 monthly average 3 1925 monthly average 89 93 94 95 90 91 95 95 90 95 92 91 90 96 91 92 93 96 92 94 72 77 89 91 91 92 87 88 88 90 93 95 95 96 93 92 90 91 95 96 95 96 91 91 89 91 91 90 91 91 92 88 91 94 94 93 90 96 92 94 93 94 91 93 91 93 72 75 74 75 89 89 84 83 94 96 96 94 91 93 92 92 92 95 95 95 92 93 92 88 96 96 95 95 93 93 97 97 87 90 89 93 95 97 96 96 94 92 89 82 94 95 96 97 93 93 95 94 75 77 77 76 92 92 92 94 83 86 89 89 93 93 91 93 93 92 91 94 95 95 93 95 87 87 89 95 95 94 94 95 96 95 94 96 92 92 91 93 97 96 96 95 91 94 92 94 96 95 95 95 91 93 93 95 75 75 75 80 93 94 94 94 88 91 90 91 91 93 93 93 92 94 94 95 96 97 97 97 93 93 90 87 95 97 97 96 95 95 96 97 92 94 93 91 96 96 99 96 93 97 94 96 95 96 96 96 94 95 95 95 78 80 80 80 82 86 73 78 91 93 87 88 88 93 91 92 91 92 91 91 89 89 1925 January. _ _ February.. . _ March April... 92 93 93 92 May June July August.. - ! 1934 September October November December .... ... . - September October . November December. 1926 January February March April ! i i AVERAGE PER CENT OF FULL CAPACITY OPERATED j 1924 monthly average 3 1925 monthly average . 79 83 78 82 78 85 70 76 87 89 73 82 89 92 76 78 84 85 69 80 77 83 i 1 1934 September October November December 79 81 81 81 83 83 82 83 79 81 83 84 68 70 69 71 88 89 89 89 79 80 76 80 90 90 91 90 76 79 80 76 82 82 83 83 69 69 72 73 81 82 80 81 81 84 82 80 73 77 73 74 82 83 83 83 82 82 79 76 85 86 87 87 73 74 74 73 87 89 89 90 80 83 81 78 91 92 91 92 78 83 85 87 76 83 83 87 77 80 76 78 84 80 74 75 84 85 84 85 78 77 76 78 82 82 82 85 76 81 78 84 85 84 84 86 75 74 74 78 89 89 88 89 79 79 80 85 92 91 91 91 73 66 72 73 83 85 85 88 77 81 81 86 79 80 84 86 83 85 86 87 76 76 77 78 84 85 85 85 86 86 87 87 84 85 86 86 76 78 78 79 90 90 90 89 85 86 85 81 92 94 94 95 80 79 74 80 87 87 88 85 83 83 81 81 87 88 87 89 86 89 88 87 78 81 82 83 1925 January February March __ . April- May. - .. . June July August __ _ September October.. November December , 1936 January FebruaryMarch April 1 ; i Compiled by the V. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people showing, in the lower part of table, the percentage of their capacity force employed each month and, in the upper part of the table, the percentage of full time worked by the force actually employed. Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given in "Employment in Selected Industries," issued each2 month by the Bureau of Labor Statistics. These data, compiled "by multiplying the percentage of capacity operated, as shown in the first column of the lower half of this table, by the percentage of time operated, as shown in the first column of the upper half, indicate the approximate actual employment time relative to capacity. 3 Average of last 10 months of year. 4 Includes enameled ware, brass, bronze, and copper products. 104 Table 80.—CHAIN-STORE SALES [Relative numbers for base year in boldfaced type; numerical data on opposite page] GROCERIES (27 chains) » YEAR AND MONTH Actual With seasonal correction 2 FIVE AND TEN (5 chains) Actual DRUG CIGAR (3 chains) (9 chains) With seasonal correction 2 With Actual seasonal correction Actual 2 With seasonal correction 2 SHOE (6 chains) With Actual seasonal correc- CANDY (5 chains) MUSIC (4 chains) Actual tion 2 With seasonal correction 2 With seasonal correction 2 Actual i Relative to 1919 100 146 130 151 188 215 264 1919 monthly average _ 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average1925 monthly average 100 100 120 124 140 165 185 209 121 123 127 144 150 154 100 133 132 128 135 138 142 100 100 120 113 114 123 133 139 109 86 101 113 101 122 100 138 142 147 176 190 199 1923 173 171 207 181 172 178 191 178 115 117 162 142 158 156 169 152 129 126 145 135 134 138 143 139 116 110 135 125 133 130 139 130 86 72 145 125 113 107 145 107 95 88 96 99 116 107 107 116 131 137 191 154 156 162 189 154 190 184 179 180 190 187 186 189. 154 154 143 153 162 168 158 161 142 149 141 145 144 151 139 145 137 136 128 135 134 140 129 138 143 144 102 95 124 135 112 121 100 97 82 103 120 122 111 115 168 170 169 176 174 182 172 176 184 201 204 203 194 195 202 194 151 180 176 331 162 166 168 179 143 152 141 185 145 149 150 152 140 138 134 193 140 132 135 143 127 139 131 171 133 123 121 130 102 137 149 214 102 113 119 113 176 186 180 270 178 181 189 185 1924 January February __ March April .. 205 201 200 210 204 200 184 208 126 140 163 178 173 179 170 190 141 143 149 145 146 150 147 149 119 124 136 130 137 140 140 136 99 93 118 178 130 132 118 153 84 97 99 88 102 112 110 103 154 167 184 205 184 190 182 205 May June __ July August 214 200 206 201 214 203 214 211 174 162 163 172 183 177 179 181 150 143 148 152 153 146 147 151 143 131 128 138 141 134 129 141 150 140 113 108 130 132 123 138 82 75 72 91 99 94 97 102 186 169 177 180 193 181 181 179 210 240 232 253 221 234 230 242 169 203 199 366 183 188 191 198 145 159 145 187 147 156 164 153 137 144 138 192 137 137 139 142 124 138 146 186 129 122 134 142 110 124 111 184 110 102 87 98 189 199 186 282 192 194 195 188 250 233 252 258 249 243 233 255 151 156 177 195 207 209 185 208 155 146 160 159 161 161 159 164 122 119 131 134 141 140 135 139 107 100 127 177 141 149 127 152 92 99 105 107 112 120 116 126 162 175 188 210 193 207 186 210 254 254 259 243 254 257 269 255 191 187 183 195 201 203 201 205 163 167 166 171 166 170 164 171 143 134 136 142 140 137 137 145 149 152 122 120 129 142 134 153 96 99 104 128 116 125 140 143 195 184 181 202 202 197 185 102 245 318 272 330 258 309 270 315 191 237 220 427 206 219 211 231 169 179 167 220 172 175 177 181 142 151 136 212 142 145 138 257 129 164 136 188 135 145 126 143 136 141 139 214 136 117 111 114 202 215 195 ! 280 204 209 205 191 January February March April _ May June _.. July August _ __ _ September October November December . __ __- _ _ - _ - - - - September October November December -- _ _ 1935 January February _ March April „ . May June July . August __ _ September October November December ___ _ _ __ 1926 January February March April May June . | - . ! j j __ See footnotes on opposite page j | 105 Table 81.—CHAIN-STORE SALES * [Base year in boldfaced type; relative numbers on opposite page] FIVE AND TEN (5 chains) GROCERIES (27 chains) YEAR AND MONTH Thousands of dollars 1919 monthly av 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly av Thousands of dollars Number of stores DRUG (9 chains) CIGAR (3 chains) Number of stores Thousands of dollars 1,819 $3, 917 4,737 4 826 4, 985 5, 655 Number of stores Thousands of dollars SHOE (6 chains) Number of stores Thousands of dollars 492 $5, 525 7, 852 7,800 7,538 8,025 2,737 $2, 337 2,804 2,651 2,663 2,880 CANDY (5 chains) 3 MUSIC (4 chains) Number of stores Thousands of dollars 343 $905 989 775 914 1,026 59 $949 1,308 1,348 1,391 2,133 Number of stores Thousands of dollars Number of stores $28, 046 40, 794 36, 351 42, 404 52, 732 15, 362 $17, 190 20, 491 21, 160 23, 875 28, 172 1924 monthly a v 1925 monthly ave.__ 60, 119 74, 040 18,351 22, 242 31, 574 35, 761 1,958 2,084 5,899 6,065 525 552 8,197 8,404 2,776 3,015 3,103 3,254 407 488 917 1,101 55 56 2,307 2,416 1923 January February JVEarch \pril 48, 483 47, 820 57, 989 50, 741 13, 816 14, 010 14, 311 14, 593 19, 692 19, 920 27, 726 24, 239 1,761 1,783 1,800 1,796 5,064 4,919 5,674 5,289 465 477 484 483 6,847 6,499 7,968 7,394 2,754 2,737 2,732 2,747 1,998 1,678 3,388 2,919 322 328 334 335 860 795 869 894 58 58 58 58 1,589 1,659 2,323 1,876 May June July August 53, 334 51, 694 50, 185 50, 589 14, 982 15, 238 15, 633 15, 837 26, 270 26, 365 24, 448 26, 120 1, 818 1,817 1,813 1,817 5,563 5,843 5,505 5,696 488 488 492 492 8,089 8,074 7,566 8, 019 2,747 2,759 2,759 2,754 3,345 3,352 2,384 2,220 337 342 344 339 905 880 745 929 59 59 59 59 2,036 2,064 2,052 2,141 September October November December 51, 594 56, 286 57, 094 56, 974 16, 033 16, 422 16, 639 16, 827 25, 766 30, 806 30, 049 56, 644 1,828 1,847 1,872 1,882 5,585 5,962 5,507 7, 261 500 506 518 514 8, 284 8,197 9, 925 11, 435 2,747 2,700 2,698 2,705 2,972 3,243 3,069 3,992 354 359 362 364 923 1,235 1,346 1,933 59 59 59 59 2,137 2,257 2,182 3,275 1924 January Februarv March April 57, 625 56, 233 56, 032 59, 028 17, 161 17, 294 17, 456 17, 703 21, 531 23,881 27, 922 30, 398 1,893 1,894 1,920 1,933 5, 506 5,583 5,831 5, 683 520 521 524 524 7,052 7,335 8,042 7,713 2,770 2,699 2,721 2,741 2,308 2,166 2,754 4,170 365 371 383 398 761 876 894 795 59 57 57 55 1,876 2,031 2,230 2,494 May June July • August 60, 071 56, 002 57, 887 56, 356 17, 973 18, 297 18, 526 18, 717 29, 822 27, 736 27, 861 29, 361 1,930 1,952 1,969 1,975 5,888 5,615 5,798 5,948 525 526 529 529 8,499 7,748 7,612 8,, 180 2,754 2,772 2,760 2,797 3,516 3,279 2,642 2,529 405 406 405 407 741 677 652 821 55 55 55 55 2, 264 2,053 2,150 2,181 December 58, 816 67, 404 65, 031 70, 947 18, 896 19, 090 19, 395 19, 707 28, 965 34, 751 34, 021 62, 634 1,986 1,996 2,010 2,033 5,677 6,229 5,669 7,314 533 524 526 527 8,131 8,520 8,168 11, 362 2,814 2, 815 2,829 2,841 2,902 3,218 3,400 4,358 415 425 447 452 994 1,118 1,002 1,668 55 54 54 54 2,298 2,420 2,253 3,430 186 179 1925 January February March _ April 70, 161 65, 368 70, 792 72, 412 20, 033 20, 385 20, 835 21, 297 25, 746 26, 623 30, 201 33, 357 2,028 2,036 2,048 2,059 6,066 5,730 6,285 2,243 528 528 531 532 7,255 7,026 7,786 7,919 2,817 2,809 2,884 2,908 2,499 2,334 2,968 4,138 451 456 462 471 831 893 946 970 54 55 54 55 1,966 2,123 2,283 2,545 178 195 196 212 May June July August 71, 315 71, 105 72, 649 68, 189 21, 751 21, 920 22, 640 23, 017 32, 615 31, 973 31, 219 33, 331 2,069 2,078 2,081 2,101 6,390 6,546 6,490 6,711 541 548 550 551 8,468 7,928 8,040 8,417 2,930 2,966 3,008 3,088 3,480 3,546 2,855 2,810 480 491 492 498 870 896 944 1,156 54 58 55 57 2,367 2,234 2,196 2,455 220 225 232 239 September October November December 68, 631 89, 210 76, 229 92, 423 23, 309 23, 655 23, 897 24, 194 32, 710 40, 582 37, 676 73, 098 2,108 2, 126 2,135 2,136 6,630 7,015 6,522 8,633 560 568 589 601 8,429 8,969 8,072 12, 536 3,118 3,165 3,224 3259 3,015 3,823 3,186 4,398 504 508 516 521 1,234 1,272 1,257 1,939 57 57 58 60 2,449 2,606 2,372 2,396 240 222 231 234 _ _ __ __ __ September October ._ N<">vetnbp,r _ _ .__ 3 120 3134 219 1926 January February.. March i April \ May June --. i 1 Compiled by the Federal Reserve Board, Division of Research and Statistics. Monthly data from 1919 on grocery and candy chains (but not comparable with present data) appeared in January, 1924, issue (No. 29) p. 49. The music chains operate locally in the West, but otherwise the data cover the larger chain-store organizationso perating nationally. 2 Based on variations in the 4-year period 1919 fto 1922. For details of computation see Federal Reserve Bulletin for January, 1924. Correction of the actual data, to eliminate seasonal variation, may be accomplished by dividing the index for each month by the seasonal index for the corresponding month given in the table on p. 154 of the 3February, 1924, issue (No. 30) of the SURVEY. Four chains prior to January, 1923. The average number of stores for 1923 and 1924 is also for 4 chains only. The index numbers, however, are strictly comparable for the entire period, as allowance has been made for the extra chain in the base beginning with 1923. 106 Table 82.—TEN-CENT CHAIN STORES F. W. WOOLWORTH CO. TOTAL (4 chains) YEAR AND MONTH Sales Average per store Stores Sales Stores Thousands of dollars Dollars Number Thousands of dollars Number S. S. KRESGE CO. Sales Stores McCRORY STORES CORP. Sales Stores S. H. KRESS CO. Sales Stores Thousands Thousands Number Thousands of dollars of dollars Number of dollars Number 1913 monthly average 1914 monthly average 1915 monthly average _ 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average $7, 972 8,544 9,582 11, 278 12, 806 14, 520 16, 575 $7, 909 7,839 8,086 8,398 8,820 9,680 10, 728 1,008 1,090 1,185 1,343 1, 452 1, 500 1,545 $5, 519 5,801 6,333 7,257 8,174 8,931 9,958 684 737 805 920 1,000 1,039 1,081 $1, 105 1,341 1,745 2,200 2,508 3,026 3,556 100 118 140 161 165 169 171 $450 411 468 566 655 800 957 110 116 117 132 143 147 148 $898 991 1,036 1, 255 1,469 1, 763 2,104 114 119 123 130 144 145 145 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 19, 624 20, 561 23, 344 27, 555 30, 923 35, 025 12, 265 12, 560 13, 780 15, 639 16,311 17, 234 1,600 1,637 1, 694 1, 813 1,956 2,065 11, 741 12, 302 13, 934 16, 120 17, 956 19, 918 1, 111 1,137 1,176 1,261 1,364 1,420 4,270 4,655 5,433 6,820 7,508 8,831 188 199 212 233 256 298 1,198 1,195 1,423 1,781 2,100 2,465 156 159 161 167 176 181 2, 415 2,409 2,554 2,834 3,355 3,830 145 142 145 152 160 166 May June July August 25, 696 25, 785 23, 920 25, 555 14, 776 14, 743 13, 606 14, 462 1,739 1,749 1,758 1,767 14, 799 14, 912 14, 002 14, 964 1, 199 1,265 1,210 1,216 6,370 6,485 5,746 6,338 223 223 223 221 1,640 1,711 1,619 1,725 165 165 166 166 2,887 2, 677 2,533 2,527 145 146 146 148 September _ October November December 25, 198 30, 193 29, 387 55, 241 14, 188 16, 858 16, 290 30, 486 1,776 1,791 1,804 1,813 14, 775 18, 085 17, 283 32, 630 1,225 1,237 1,255 1,261 6,324 7,246 7,508 13, 070 222 228 233 233 1,668 1,877 1,827 3,579 166 166 166 167 2, 431 2,985 2,769 5,962 149 150 151 152 January February March April 21, 096 23,406 27,344 29, 725 11, 617 12, 811 14, 839 .16, 016 1,816 1,827 1,843 1,856 12, 134 13, 431 15, 903 17, 257 1,263 1,271 1,285 1,293 5,457 6,019 6,875 7,370 234 236 235 240 1,352 1,612 1,835 2,085 167 168 168 169 2,153 2,344 2,731 3,013 152 152 155 154 May June July . August— 29, 212 27, 210 27, 329 28, 789 15, 672 14, 435 14, 369 15, 089 1,864 1,885 1,902 1,908 17, 075 15, 485 15, 950 16, 927 1,299 1,316 1,328 1,334 7,157 6,478 6,371 6,802 242 242 245 245 1,963 1,877 1,909 2,060 169 170 171 171 3,017 3,370 3,099 3,000 154 157 258 158 September _ _ October November _ _ December 28,405 34, 054 33, 292 61,209 14, 802 17, 654 17, 134 31, 293 1,919 1,929 1,943 1,956 16, 528 20, 400 19, 369 35, 025 1,345 1,351 1,364 1,364 6,851 7,873 8,252 14. 592 245 247 247 256 1,903 2,102 2,244 4,209 171 172 174 176 3,123 3,679 3,427 7,302 158 159 158 160 1935 January February. __ _ March April - 25, 307 26, 115 29, 682 32, 717 12, 869 13,263 14, 976 16, 424 1, 957 1,969 1,982 1,992 14, 205 14, 843 16, 916 18, 890 1,366 1,371 1,381 1,389 6,672 6,644 7,453 8,150 259 262 267 267 1,703 1,778 2,020 2,265 176 176 174 176 2,796 2,850 3,293 3,412 160 160 160 160 May June July . August 31, 988 31, 350 30, 628 32, 668 15, 970 15, 582 15, 200 16, 061 2,003 2,012 2,015 2,034 18, 510 17, 920 17, 829 18, 780 1,397 1, 403 1,405 1,411 7,838 7,898 7,510 8,178 273 275 275 285 2,095 2,189 2,151 2,329 173 173 173 175 3,545 3,343 3,138 3,381 160 161 162 163 32, 075 39, 752 36, 882 71, 258 15, 715 19, 325 17, 852 34, 508 2,041 2,057 2,066 2, 065 18, 129 22, 989 20, 677 39, 330 1,415 1,420 1, 425 1,420 8,222 9,992 9,425 17, 984 287 293 293 298 2,284 2,765 2, 669 5, 337 175 179 182 181 3, 440 4,046 4,111 8,607 164 165 166 166 . 1923 1934 __. September _ _ October November December _ 1926 January February IVlarch April May June 27 767 7, 451 15 168 3,046 2,102 | i __ 1 i This table is submitted in response to a demand for publication of the figures of sales of the large individual ten-cent chains, as compiled from published reports in financial papers or as reported directly by the companies. Sales data represent the retail sales in dollar values of the ten-cent chains shown, while the annual figures of stores operated represent not an average of stores in operation for the year, but the stores operated at the end of each year. Monthly data on sales from 1920 appeared in May, 1922, issue (No. 9), p. 111. 107 Table 83.—RETAIL SALES RESTAURANT SALES 1 Total, 2 chains YEAR AND MONTH Stores operated Number Childs Co. Sales Waldorf System, Inc. INTERNAL-REVENUE TAX2 COLLECTIONS ON SALES Capital Fire- Jewelry, Thea- issues arms watchter and and es, admis- conshells and 4 sions ' vey- 6 3 ( ) clocks ances Thousands of dollars 1913 mo. av 1914 mo. av 19<!5 mo, av 1916 mo. av 1917 mo. av 1918 mo. av 1919 mo. av 710 718 756 898 1,141 1,228 1,384 OTHER CHAIN-STORE SALES ° Capi- tal Owl Drug Penney United Cigar A. Schuite, stock J. C.Co. Inc. (cigars) Co. Stores Co. trans7 fers Num- Thous. Number Thous. Num- Thous. Number of of dolls. ber of of dolls. ber of of dolls. ber of stores stores stores stores s $320 $371 1,198 $3, 808 5,408 $1, 814 3, 578 $425 1,018 $220 297 402 701 1,240 1,778 2,398 197 $2, 465 2, 492 2 587 2, 985 3, 576 4 336 5,172 $672 224 $325 360 364 381 443 566 798 18 20 22 25 26 29 32 224 224 224 250 255 264 1,030 1, 138 1, 190 1, 446 1,452 1,408 36 40 43 80 84 86 1920 mo. av 1921 mo. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo av 160 175 189 206 219 220 $2, 618 2,594 2,744 3,036 3,031 3,098 1,828 1,774 1,864 1,933 1,945 2,028 $790 820 964 1,103 1,086 1,070 440 268 320 363 273 302 2,239 1,782 1,566 1,825 1,511 703 7,247 6,892 5,603 6,238 4,903 2,065 5,102 4,022 3,257 3, 826 2,863 2,608 820 715 823 721 791 1,373 3,569 3,887 4,086 5, 183 6,188 7,573 312 313 371 475 520 611 6,637 6, 339 6,079 6,272 6,232 6,266 2,439 2,572 2,739 1,084 1,230 1, 370 1,666 1,892 2,079 1934 May June July August 221 221 221 221 3,031 2,866 2,940 3,078 1, 896 1,820 1,900 2,023 1,135 1,046 1,040 1, 055 126 265 321 470 1,500 1,414 1,588 *893 6,572 6,211 6,226 8 3, 198 3,815 3,016 2,405 1,866 674 536 629 814 6,144 5, 628 4,752 5,301 499 500 501 547 6,494 5,914 5,741 6,201 2,497 2,508 2,495 2,529 1,937 1,766 1,800 17903 247 250 251 254 1,390 1,390 1,439 1,501 85 85 84 84 222 219 219 219 3,114 3,176 2,981 3,181 2,034 2,081 1,907 2, 057 1,080 1,095 1,074 1,124 425* 434 425 290 459 593 484 729 1,577 2,021 2,076 2,554 1,833 2,098 1,976 2,083 788 685 660 1,430 6,855 8,431 9,286 9, 970 560 567 569 569 6,151 6, 502 6,205 8,490 2, 546 2,548 2,563 2,572 1,908 1,949 1,901 2,742 254 253 252 255 1,468 1,588 1,289 1,906 86 84 84 84 1925 January. _ February March April 219 219 219 218 3,083 2,826 3,090 2,992 1,983 1,837 2,005 1,954 1,100 989 1,085 1,038 170 120 139 286 1,602 1,110 522 565 2,276 2,127 2,229 2,313 2,633 2, 280 2,457 2,860 1, 556 1,513 1,201 1,293 3,929 4,225 6,051 7,240 568 568 582 585 5,389 5,211 5,829 5,934 2,547 2,537 2,611 2,633 1,808 1,759 1,898 1,926 256 258 260 262 1,327 1,242 1,394 1,337 84 84 84 85 May___ June July __. August 217 218 218 220 2,993 2, 811 2,967 3,151 1,919 1,810 1,943 2,109 1,074 1,001 1,024 1,042 297 289 445 376 455 1,844 675 ' 2, 468 561 1,544 524 1, 407 2,612 2,761 2,599 2, 459 910 1,330 1,111 1, 219 7,140 7,022 5,881 6,481 590 591 593 618 6,378 5,965 6,020 6,303 2,656 2,690 2,731 2,810 2,041 1,913 1,965 2,057 263 285 266 267 1,306 1,455 1,418 1,453 85 85 85 85 September October November December 222 223 225 226 3,227 3,403 3,184 3,446 2,151 2,246 2,107 2,275 1,076 1,157 1,077 1,171 358 329 506 304 550 556 597 713 1,812 2,148 1,920 2,688 2,394 2,928 2,615 2,699 1,278 1, 318 1,949 1,802 8,298 12, 142 9,850 12, 606 645 644 668 676 6,326 6,661 5,992 9,187 2,840 2,888 2,946 2,980 2,050 2,257 2,034 3,234 267 266 267 268 1,330 1,451 1,252 1,886 87 87 87 88 4,970 671 September October November December _ _ 1926 January February March __ . April May June. __ ! .._.! 1 2 3 4 i I 1 1 Data on restaurant sales from CMlds Co. and Waldorf System, Inc.; monthly data since 1920 are shown in the October, 1923, issue (No 26), pp. 58 and 59. Tax collections on sales from U. S. Treasury Department, Bureau of Internal Revenue. Taxable at 10 per cent of selling price, excluding sales to Federal Government or political subdivisions. (Acts of 1918, 1921, and 1924 identical on this item.) Taxable at 5 per cent on selling price of both real and imitation jewelry. Acts of 1918 and 1921 were identical on this item; but the revenue act of 1924 exempts from tax all articles not in excess of $30 and watches not in excess of $60, and therefore figures beginning August, 1924 (referring to July taxes), are not strictly comparable with previous figures. 5 Includes cabarets and concerts. The rate of tax under the act of 1921 (represented by data for 1922) is " 1 cent for each 10 cents or fraction thereof of the amount paid for admission," payable by the person paying such admission, except "where the amount paid for admission is 10 cents or less, no tax shall be paid." The act of 1918 provided for the same rate of taxation but allowed no exceptions and, hence, the data from January, 1922, forward, are not quite as comprehensive as the earlier data. The act of 1924 provided for the same rate as the two preceding acts but exempted all admission charges of 50 cents or less. Thus the data beginning August, 1924, and referring to July taxes, can not be compared with the preceding months, which are carried forward for their historical value. Monthly data from 1920 are given in January, 1923, issue6 (No. 17), p. 51. New issues of bonds of indebtedness, including renewals taxable at 5 cents per $100 or fraction thereof; capital stock issues taxable at same rate, except where certificates have no par value taxed at the rate of 5 cents per share, but if actual value is more than $100, 5 cents per $100 or fraction thereof, and where under $100 at the rate of 1 cent per $20 or fraction thereof. (Under the revenue act of 1918 no-par issues were taxable at 5 cents per $100 or fraction thereof. Otherwise the acts of 1918, 1921, and 1924 are practically identical.) Conveyances evidencing the transfer of land or realty are taxable at 50 cents per $500 or fraction of the consideration therefor, exclusive of the value of any lien or encumbrance on the property. 7 All sales or agreements to sell capital stock are taxable at 2 cents per $100 share or fraction thereof, or where shares are without par value, at 2 cents per share. (Under the revenue act of 1918 transfers of no-par stock with actual value in excess of $100 were taxed at 2 cents per share of $100 actual value or fraction thereof.) 8 Six months' average, July to December, inclusive. 9 Data compiled from published reports in financial papers or reported directly by the company to the U. S. Department of Commerce, Bureau of the Census. These sales data represent money values. Data for Jones Brothers Tea Co. from 1920 appeared in December, 1923, issue (No. 28), p. 56. Monthly data for Schuite Cigar Stores from 1921 appeared in June, 1923, issue (No. 22), p. 49, while for the other chains, monthly sales from 1920 were given in May, 1922, issue (No. 9), p. 111. Yearly data represent number of stores in operation at end of the year indicated. 108 Table 84.—DEPARTMENT-STORE SALES [Index numbers for base year in boldfaced type] VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS YEAR AND MONTH San RichPhilaCleveAtlanta Chicago MinneBoston New York delphia 2 Francisco land apolis (21Dallas mond (35 stores) (63 stores) stores) (24 stores) (63 stores) (22 (31 stores) 23 stores) 2 stores) (54 stores) (23 stores) Total (359 stores) I 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1924 monthly average 1924 monthly average 1925 monthly average _ _. 100 116 114 119 127 126 128 100 119 114 116 127 132 138 100 118 112 114 127 126 129 100 128 114 114 130 128 131 100 113 106 101 111 117 124 100 119 101 94 104 101 106 100 123 110 114 132 133 142 100 112 102 99 105 104 107 100 120 99 92 98 102 109 100 121 116 121 139 143 149 100 120 110 111 124 125 131 116 137 137 200 107 145 142 200 99 133 153 191 106 132 130 190 94 123 126 188 86 114 113 162 118 128 135 191 101 115 108 157 101 104 105 149 114 138 134 206 107 131 132 188 108 92 127 128 110 89 125 123 107 101 133 115 101 96 136 128 87 76 120 104 83 78 105 101 104 96 129 132 88 74 103 111 81 73 99 89 115 102 134 124 101 90 124 119 133 136 90 99 130 130 86 90 128 133 82 93 138 137 96 112 115 113 80 80 109 102 77 81 136 138 96 120 109 105 79 96 106 92 67 69 147 128 116 136 128 126 89 100 116 144 146 210 113 161 153 215 104 154 169 203 118 151 141 204 93 136 130 195 92 132 119 168 128 154 148 209 103 125 112 156 102 125 112 158 126 160 146 236 113 148 142 202 120 101 113 137 120 103 118 137 110 111 120 136 109 112 120 145 94 87 109 128 85 83 94 107 112 112 123 145 88 77 94 115 85 82 94 101 132 121 134 139 110 102 115 133 132 131 89 86 132 127 93 83 124 123 82 85 133 126 94 101 116 118 85 78 104 95 73 72 134 125 99 108 109 99 81 89 105 95 71 70 146 125 116 136 127 120 91 93 115 137 140 215 127 161 153 226 109 144 153 213 117 134 139 207 106 137 137 213 94 120 113 173 132 135 154 215 102 116 111 162 114 126 115 1ft 130 157 144 238 119 141 141 210 110 94 110 136 120 107 124 140 105 101 125 134 107 106 125 142 93 89 119 132 83 84 99 109 112 107 127 149 92 81 97 116 92 90 107 110 128 113 142 146 1108 101 121 136 128 134 92 88 132 132 94 90 121 127 85 86 132 128 98 103 117 123 91 87 104 98 78 78 139 139 105 113 107 103 81 92 108 98 72 76 148 134 123 140 128 126 95 98 118 156 143 225 128 186 158 243 111 167 168 215 115 160 134 218 105 160 146 230 89 139 122 190 145 173 153 237 104 135 105 167 112 141 115 180 139 168 158 253 122 165 145 224 1923 September October November December 1933 January February March April _ May June July August - September October _ November _ _ December __. 1934 January February March April -._ May __ June July August September October.. November December __ 1935 January February March April May June July August __ __ September October November December . ._ __ 1936 January February March April ._ May June ! 12 Compiled by the Federal Reserve Board, Division of Research and Statistics. Index numbers are based upon dollar values and are given by Federal reserve districts. In calculating bases, estimates are made for sales of stores in the Minneapolis and Dallas districts for the months of 1919 for which there are no reports. 109 Table 85.—DEPARTMENT-STORE STOCKS [Index numbers for base year in boldfaced type] VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS YEAE AND MONTH 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average San PhilaCleveRichDallas Francisco Atlanta Chicago MinneBoston New York delphia land mond apolis (24 stores) (63 stores) (13 stores) (52 stores) (19 stores) (22 stores) (51 stores) (22 stores) (14 stores) (29 stores) __ _ Total (314 stores) 2 100 128 108 115 122 123 122 100 136 115 116 125 130 133 100 119 118 131 150 154 181 100 139 117 110 125 131 131 100 134 105 109 121 126 126 100 134 114 112 119 116 112 10O 152 124 123 147 152 152 100 119 96 97 110 109 112 100 143 116 109 116 107 121 100 132 116 118 130 137 134 100 136 115 116 129 132 135 122 129 135 114 121 125 132 111 141 150 147 124 116 122 126 106 119 130 126 103 118 121 123 101 130 136 138 115 108 112 114 95 118 120 119 94 121 123 128 112 122 128 130 110 107 111 120 125 108 112 124 129 118 135 148 153 100 114 124 130 99 113 124 126 105 112 119 121 115 137 149 150 96 105 115 113 97 107 115 119 110 121 128 135 107 118 129 132 124 116 109 115 128 119 113 121 148 143 137 152 127 120 119 124 122 115 113 114 121 113 111 120 145 137 135 158 112 106 103 108 117 110 107 121 130 125 124 131 129 122 119 129 129 142 145 123 134 145 147 123 166 176 176 145 135 144 147 120 130 141 142 112 130 134 133 106 162 164 171 140 115 121 121 104 128 131 130 109 138 143 147 123 139 146 149 123 111 115 128 128 117 119 130 136 132 152 162 162 110 126 137 141 104 121 140 134 109 123 125 124 128 145 163 162 97 106 114 112 107 118 126 125 125 131 143 148 116 127 139 141 126 119 116 113 131 122 115 120 152 146 141 144 138 128 120 123 130 122 113 116 121 113 109 109 154 145 142 149 113 106 102 106 120 114 110 122 141 134 132 131 136 127 123 126 125 135 141 120 133 146 147 125 160 171 172 151 136 146 145 120 128 143 145 117 118 126 123 96 158 170 168 141 115 121 122 99 129 133 132 105 140 147 148 124 137 147 148 124 112 115 126 127 118 123 135 139 147 167 185 186 112 125 137 140 109 118 131 132 99 107 113 114 137 145 156 157 99 106 117 116 103 113 125 126 123 126 136 140 119 127 139 141 125 112 113 114 134 128 120 124 179 174 164 179 136 129 120 126 124 123 119 118 114 108 103 113 153 145 140 149 115 109 106 111 123 114 111 124 134 128 129 133 136 129 i 124 131 125 132 140 119 140 148 153 131 195 210 213 175 137 141 145 123 135 138 147 120 121 124 126 102 158 168 175 146 120 122 124 101 134 135 135 111 140 147 148 125 143 149 154 129 1932 September October November December 1923 Jauuary February March April - May June July August September _ _ October November December ._ 1924 January February March April ._ .- May June July August _ September October November. December _ ._. .__ 1925 January February March April May June July August . _ __. September October November December. 1926 January February March. April__. • _ 1 __ May... June.,. _. j i 1 2 1 Data compiled by the Federal Reserve Board, Division of Research and Statistics, and are based upon values. Weighted index based upon the number of employees in retail stores as shown by the latest available census data. For details, see Federal Jteserse Bulletin for February, 110 Table 86.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS [Index numbers for base year in boldface type] 1 GROCERIES 1 : '3*^ I Kansas City 1 | Chicago i I 1 ! Kichmond I a I , i* Cleveland Atlanta, IM Saa Fraricisc< j i 1 Kielimond Cleveland Philadelphia 3 I YEAR AND MONTH New York Weighted ind< 11 districts ! l DEUGS !• j 100 100 100 100 100 87 89 100 103 106 86 90 100 97 102 99 92 98 96 103 92 86 94 104 104 112 115 132 144 147 1 PS : i I I I N D E X NUMBERS RELATIVE TO 1919 i™ 1! 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 rno. av 113 77 76 83 10O 10O 100 100 100 100 10O 100 100 100 10O 74 76 80 78 78 80 70 88 87 86 75 71 79 81 79 74 73 83 34 89 79 72 69 71 77 72 79 79 85 85 86 94 91 99 110 109 69 71 79 83 85 89 93 101 97 ! 75 83 82 i 81 84 ; 83 85 90 90 10O 1OO 10O 112 i QQ 97 112 100 j 106 112 111 118 126 113 126 119 114 j 118 | 124 i i 1923 Januarv February March April 1 ! 1 !i i 74 73 80 80 73 69 79 78 78 68 81 72 [ 77 76 82 84 68 65 75 75 76 72 82 77 85 77 90 82 63 69 71 74 72 74 78 84 80 97 93 97 70 70 76 72 90 i Ql 88 105 113 107 121 106 120 118 131 112 138 126 138 121 117 97 108 96 97 93 111 101 101 100 105 96 100 85 92 83 114 115 138 122 June July August 81 88 81 85 88 97 86 84 75 82 76 77 86 92 89 90 79 85 76 79 82 80 81 83 83 81 78 87 72 84 70 78 85 95 87 99 92 101 97 104 74 75 67 80 97 108 107 102 107 107 106 111 111 111 113 109 123 121 120 124 97 94 92 101 103 102 94 105 96 98 93 99 84 84 89 100 125 124 132 142 September October November December 89 98 1 92 j 76 82 96 90 76 81 100 96 78 91 104 98 84 84 96 87 73 90 97 90 83 89 98 92 82 80 83 79 64 96 90 89 71 111 119 112 88 103 99 86 70 113 116 112 80 115 129 111 99 125 149 110 103 125 132 123 118 101 112 104 87 101 111 100 88 95 104 97 93 102 117 100 86 145 161 147 120 1934 January February March- _ April 80 77 80 79 71 67 75 75 78 71 77 72 81 80 84 80 77 77 78 79 82 80 80 80 90 86 90 88 72 70 72 73 76 74 75 77 92 94 95 99 83 85 77 77 97 88 92 94 116 109 118 114 130 125 135 126 122 120 127 124 112 102 106 100 97 92 101 101 98 88 93 95 110 100 101 100 141 133 144 145 81 83 83 83 83 86 90 82 73 71 74 72 85 86 85 84 79 76 81 77 84 79 77 83 82 76 84 89 75 81 78 76 80 90 90 91 104 117 106 117 77 75 76 86 93 101 96 97 110 105 110 107 125 120 121 112 116 111 117 116 98 92 98 99 97 92 91 93 92 87 96 95 97 91 99 101 135 131 148 144 93 100 89 83 94 93 83 83 84 94 88 80 94 103 93 91 89 99 83 80 92 100 88 87 98 108 92 98 84 91 79 73 95 99 89 76 123 138 127 106 99 95 82 79 103 108 98 85 117 | 130 128 146 109 113 120 109 116 125 113 118 107 107 103 100 102 108 94 91 98 115 101 98 112 124 108 106 154 171 139 134 80 73 79 75 79 68 73 75 75 66 69 68 82 78 81 80 75 68 75 72 86 80 86 84 95 85 90 82 68 64 72 67 75 73 79 76 99 87 97 96 85 81 82 75 96 82 98 88 116 109 121 115 129 126 135 117 124 115 127 126 110 101 108 105 95 89 106 104 101 91 102 102 118 102 103 104 145 130 156 151 79 84 85 83 81 93 87 81 74 77 79 70 81 86 87 85 75 78 78 78 86 85 88 85 80 80 83 89 70 73 77 75 80 89 92 98 100 116 112 109 74 75 84 92 91 97 96 95 106 110 111 108 108 113 112 96 114 120 123 124 100 99 104 103 96 101 99 104 99 99 105 100 94 95 96 99 136 139 145 140 92 99 90 81 84 88 82 81 83 | 90 97 96 92 92 82 83 89 95 83 81 94 99 94 9,5 99 105 91 96 81 86 75 56 95 97 91 80 127 141 125 95 106 96 85 82 103 116 108 88 120 133 110 112 113 151 110 107 134 136 119 130 116 116 105 102 111 116 99 106 109 120 103 102 114 119 99 102 162 170 149 143 May _ May June July August - September October.. _ November December _ 1925 January February March April May June July August _. . September October November December 1 1926 January h 1 April May June j 1 1 Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollar sales reported for the various Federal reserve districts, weighted by the number of persons employed in wholesale trade in each district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the SURVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April, 1923. m Table 87.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS [Index numbers for base year in boldfaced type] SHOES Richmond Atlanta Chicago Minneapolis San Francisco ss 1 A Cleveland & S3 100 8R 100 100 IOO 100 100 100 100 100 68 65 68 86 89 101 83 91 62 54 58 56 58 75 66 65 58 58 06 66 71 58 62 60 58 61 51 52 67 64 59 47 37 62 66 69 56 70 78 76 80 66 70 Boston d Weighted iectex 8~ districts 3 San Francisco Minneapolis Chicago Atlanta 1 fc Iliehniond •¥ % >< Cleveland YEAR AND MONTH Philadelphia Weighted index 10 districts HARDWARE J4 s* o $M 5> O> & INDEX NJMBICKS RELATIVE TO 1919 1919 mo. av 1920 mo. av 1921 mo. av 1922 mo av 1923 mo. av 1924 mo. av 1925 mo. av 100 116 82 86 104 99 103 10O 100 78 84 100 90 98 97 100 113 115 115 10O 100 | 100 | 100 10O 10O 100 i j ! j 78 78 148 143 152 74 76 81 77 83 80 81 101 102 110 92 94 111 102 104 82 78 100 9-4 88 66 69 84 79 96 86 91 103 100 101 100 86 97 113 104. 106 1 '"8 58 _ j 1933 January February March April 89 83 109 112 78 72 103 113 92 89 122 125 99 89 113 122 102 86 110 105 92 74 86 78 83 79 108 111 115 100 149 168 71 77 92 88 89 88 105 97 99 97 125 120 61 60 86 67 92 84 116 106 57 50 77 58 37 54 97 71 63 71 88 69 50 58 82 56 48 49 82 55 68 63 77 71 09 74 95 84 May June July August 118 114 100 106 114 109 92 100 129 125 111 111 134 127 107 112 107 95 88 109 79 80 72 86 119 118 103 106 180 169 157 160 92 92 77 77 106 107 108 110 125 125 109 114 73 68 56 74 116 100 88 113 61 56 46 61 81 74 48 62 88 62 50 79 65 59 44 66 56 65 52 66 81 70 54 86 87 82 69 82 September October November December 106 117 102 90 100 115 105 97 113 132 113 113 117 133 103 82 104 116 99 82 87 102 90 79 110 115 96 83 150 153 139 128 76 82 73 71 96 113 111 82 112 121 104 98 76 81 63 51 117 121 93 71 63 69 57 45 70 81 60 48 86 88 62 48 68 78 67 37 64 73 50 46 70 72 57 61 94 87 76 62 ,91 90 104 108 84 86 107 108 104 100 119 124 94 98 106 109 111 95 93 98 89 77 72 72 84 86 106 117 114 107 145 158 63 69 72 79 97 103 107 106 104 104 115 107 49 49 65 69 79 60 94 95 50 45 70 73 36 49 61 81 49 57 64 65 44 48 57 55 41 37 51 57 46 50 53 55 53 66 76 68 104 96 93 93 105 92 88 83 123 115 111 111 107 97 98 95 91 78 83 93 73 69 64 76 108 102 99 93 141 143 150 144 75 75 71 74 102 90 93 98 111 103 94 97 56 52 44 56 77 69 68 83 50 52 46 54 70 67 43 43 62 42 37 67 45 37 34 53 42 42 37 46 51 47 39 56 74 66 54 69 September October . _ November December 106 110 98 99 95 107 95 97 115 134 114 123 111 114 98 93 108 95 88 85 89 101 88 96 106 109 93 93 166 152 151 144 87 96 88 93 108 109 98 116 105 107 90 91 69 67 57 56 105 97 82 100 64 63 49 54 61 66 59 61 70 69 55 44 64 68 55 44 59 53 48 47 74 78 66 64 70 69 63 50 1925 January Februarv _ March April 89 90 107 107 83 85 103 102 99 95 122 122 93 100 111 104 98 83 97 86 92» 81 89 85 80 83 310 115 115 133 144 167 73 76 86 83 104 102 110 108 93 98 110 110 43 46 63 65 79 68 94 91 43 45 65 67 39 45 63 76 40 58 71 63 40 46 59 49 26 30 42 49 49 48 61 72 51 56 70 61 101 105 99 98 97 105 92 87 120 121 108 104 104 111 102 93 80 79 78 89 78 80 78 94 107 110 104 98 148 155 163, 161 78 82 77 76 105 101 100 108 110 109 105 108 54 54 47 65 78 79 78 100 54 55 51 61 58 59 38 51 52 45 47 87 54 38 41 55 35 34 29 40 63 70 48 95 66 72 61 84 109 1^2 103 1.1 104 117 102 1.2 111 131 116 126 108 125 101 92 94 100 87 79 108 132 120 118 105 118 94 90 171 169 157 142 86 102 82 88 119 136 111 110 112 114 98 100 72 77 59 54 113 118 91 98 65 67 55 62 65 80 59 58 88 89 63 43 61 80 60 43 47 49 34 25 96 95 77 70 93 91 76 55 1924 January. February March April May June July... August May June July August __ ._ _._ _. __ September October November December 1938 January February March April ._ ; j 1 Ma.v • June 1 Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollar sales reported for the various Federal Reserve districts, weighted by the number of persons employed in wholesale trade in «ach district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the SURVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April, 1923. 112 Table 88.—WHOLESALE TRADE AND CREDIT CONDITIONS Indebt- Prompt payments Percentage of total recorded transactions 100 100 1OO 100 10O 100 100 100 10O 100 55 56 65 67 76 115 83 83 95 91 91 85 83 98 95 105 84 84 99 80 77 75 72 87 76 69 70 70 79 76 80 80 84 94 89 86 90 91 99 107 120 86 85 98 102 90 90 98 109 101 93 1923 September October November December . 73 74 65 65 112 112 90 66 114 109 85 79 119 114 9-5 74 116 113 86 50 112 104 80 45 116 108 91 58 100 89 80 73 140 148 112 46 1924 January February March April 66 63 62 61 97 98 90 81 104 113 103 85 85 91 83 76 92 88 69 63 74 75 69 65 100 91 89 83 110 112 98 92 June.. July August 64 64 67 68 72 70 79 102 78 78 84 98 65 65 59 83 53 49 62 93 53 47 58 94 72 71 79 92 September October November December 71 78 69 66 116 104 88 111 103 88 97 102 91 80 82 113 84 70 51 118 103 1925 Januarv.- _ _ -.. February March April 71 69 73 68 82 88 96 85 94 110 121 100 66 75 81 73 av av av av av av civ May May June July August September November HARDWARE TRADE * Delinquent Accounts Orders edness INDEX NUMBERS RELATIVE TO 1919 1919 mo 1920 mo 1921 mo 1922 mo. 1923 mo. 1924 mo. 19^5 mo ELECTRICAL TRADE 3 TEXTILE TRADE 2 Outstanding accounts San Francisco Dallas Kansas City Chicago Atlanta Richmond Cleveland YEAR AND MONTH New York MEATS i Weighted index 8 districts DRY GOODS i Sales index INDEX OF WHOLESALE TRADE i [Index numbers for base year In boldfaced type] Eel. to Ratio Jan., to sales 1921 Dollars No. of s 225, 106 202, 557 201, 689 186, 757 196, 841 1, 518 1,625 1,497 1,501 1,548 122 157 139 143 2.2 2.0 2.0 1.9 firms 100 112 73 74 83 82 84 28.3 23.0 24.6 26.9 28.8 28.9 34.1 36.2 36.6 43.3 42.6 42.6 60.7 59.4 53.4 47.6 55.3 55.0 128 136 105 | 82 91 96 85 72 30.5 30.0 28.0 18.5 45.8 43.2 43.1 43.0 54.8 58.1 59.5 57.0 200, 094 238, 293 237, 013 169, 668 1,453 1,823 1,547 1,351 145 164 141 124 2. 1. 2.0 2.1 2.2 110 109 77 80 94 99 103 92 80 78 80 78 25.8 31.5 31. 5 30.5 38.9 38.5 40.8 45.6 54.7 54.0 60.0 58.7 174, 062 181, 994 200, 059 208, 601 1, 135 1,486 1,677 1, 629 136 133 150 161 2.0 2.2 2. 1 1.9 83 80 103 124 78 68 94 1G4 92 83 94 123 77 76 78 ! 83 26.0 25.5 25.0 33.0 43.9 42.1 41.4 39.3 55.3 52.1 53.6 53.0 204, 935 197, 117 209, 834 196, 454 1,748 ! 1,583 1, 642 ; 1, 550 147 123 128 128 2.0 2.0 2.0 2. 1 ! 127 125 114 86 .144 141 5i 116 94 86 71 110 53 125 120 92 76 92 | 95 84 79 34.5 32.0 27.5 24.5 42.2 45.6 48.3 45.1 58.5 55.6 54.3 50.7 200, 250 167, 286 139, 814 160, 672 1,639 1, 509 1,157 1, 258 137 150 134 140 2. 1 1.9 2.1 1.9 70 70 73 59 63 71 89 73 80 77 85 83 113 111 114 111 81 101 88 73 83 77 91 85 83 79 25. 5 32.0 33. 5 28.0 39.1 38.8 42.5 46.3 51.4 52.0 53.9 58.0 198, 225 223, 650 231, 914 216, 954 1,336 1,456 1,817 1, 953 ' 129 126 151 151 2.0 2.1 1.8 7 j ;: 1.9 75 79 79 79 77 : 82 85 106 92 100 98 105 65 69 61 80 51 58 60 91 61 55 67 99 74 86 80 99 103 105 138 147 64 63 76 143 83 83 93 118 79 83 83 87 27.5 27.0 25. 5 32.0 41.9 40.6 37.4 34.2 56.2 51.6 53.9 52.3 228, 827 209, 783 195, 347 153, 426 1,774 1,678 1,490 1,425 139 141 145 144 1.8 1.9 2.0 2.0 82 87 72 72 112 118 92 74 117 117 103 101 93 107 78 79 93 97 68 43 111 127 84 62 110 118 83 62 141 147 120 90 124 129 93 45 94 114 114 101 99 ! 86 79 70 ' None. 38.7 51.8 167, 076 184, 056 168, 732 184, 098 1,400 1,597 1,142 1,503 145 160 138 142 2.0 1.8 2.0 1.8 ! 1926 1 arc i | |, J I j l * i ; jl ; i i ! Ii il Ij • i : ! depending on trade conditions. As one transaction may cover both an or ler and an indebtedness or payment, the sum of the percentages of orders, indebtedness, and payments will usually exceed 100 per cent. Monthly data by geographic di -isions for 1920 and 1921 appeared in May, 1922, issue (No. 9), pp. 131-133, and for 1922 in May, 1923, issue (No. 21), pp. 171-3. 3 Delinquent accounts, electrical trade, are compiled by the National Elc trical Credit Association, from, reports to its constituent regional associations by electrical manuurers a] and jobbers. Monthly data from 1921 appeared in May, 1924, issi e (No. 33), p. 206. facturers ^Dataon the Value of sales by jobbers of hardware, compiled by American Iron, Steel, and Heavy Hardware Association, comprise reports from about 75 firms representing about 10 per cent of the entire iron, steel, and hardware jobbing trade, including iron, steel, motor accessories, and heavy hardware. Outstanding accounts at the end of each month are given as ratios of the current month's sales. s Eleven months' average, February to December, inclusive. 113 Table 89.—DISTRIBUTION MOVEMENT MAIL-ORDER HOUSE SALES 1 Total YEAR AND MONTH 4 2 houses houses 3 houses houses Sears, MontgomRoeery buck Ward & Co. & Co. INDEXES Rel. to Eel. to 1919 1913 1913 1914 1915 1916 1917 1918 1919 monthly monthly monthly monthly monthly monthly monthly av.__ av av av av... av av 100 1920 1921 1922 1923 1924 1925 monthly monthly monthly monthly monthly monthly av__. av... av__. av__. av— av Total 2 50 selected cities $36, 569 $7, 965 8,427 9,389 12, 237 14, 856 16, 544 21, 494 $3, 310 3,420 4,113 5,178 6,592 6, 664 8?838 $13, 543 14, 611 17, 066 18, 380 264 188 204 259 284 327 37, 693 26, 190 28, 695 36, 098 38, 421 43,129 30, 233 21, 970 22, 969 29, 182 32, 074 36, 871 21, 217 14, 834 15, 180 17, 962 18, 515 21, 529 9,192 6, 330 7,706 11, 220 13, 560 15, 341 20, 688 20, 759 22, 901 25, 085 26, 335 28, 831 $2, 157 2, 3-33 2, 593 2, 809 3,608 106 141 131 148 279 364 351 411 38, 667 51, 688 48, 016 54, 093 31, 448 41, 063 39, 541 46, 316 17, 905 23, 801 22, 488 26, 171 13, 543 17, 262 17, 063 20, 145 25, 898 29, 119 26, 471 34, 149 2,718 3,145 2,627 3, 613 1935 January February March _. _ April _ 108 105 119 117 308 299 318 322 39, 337 38, 418 43, 642 42, 717 34, 746 33, 756 35, 837 36, 276 22, 082 21, 033 19, 817 21, 747 12, 664 12, 723 16, 020 14, 529 27, 271 25,644 29, 085 29, 083 2,979 2, 856 3,035 3,108 May June July August 95 102 87 89 262 271 248 255 34, 605 37, 228 31, 884 32, 452 29, 529 30, 526 27, 916 28, 749 17, 469 16, 095 17, 073 16, 947 12,060 14, 431 10, 843 11,802 27, 455 26, 987 25, 707 25, 085 2, 873 2, 833 2,888 2,794 September October November December 114 170 144 166 309 464 396 473 41, 487 62, 197 52, 764 60, 850 34, 846 52, 340 44,618 53, 311 19, 359 30, 375 25, 824 30, 522 15, 477 21, 965 18, 794 22, 789 28, 551 32, 489 29, 962 38, 656 3,002 3,352 2,970 4, 126 37, 858 22, 591 If), 267 29,116 103 72 79 99 105 118 1934 September October November _ . December 1936 January February March April May June Paid terly) Thousands of dollars $11,275 11, 847 13, 498 17, 407 20? 982 22, 891 29, 772 100 105 120 154 186 203 264 Domestic4 (50 principal cities) Second 3 50 in- class dus- (quartrial cities ADVERTISING POSTAL MONEY ORDERS POSTAL RECEIPTS $2, 525 2, 598 2,684 2, 898 2, 860 3,367 5,051 Foreign 8 MagaNewszine 9 paper 7 Issued Number Value Number Value Thousands Thous. Thouof dolls. sands Thousands of dollars 6,313 $34, 812 7,248 40, 592 7,149 44, 863 6,784 50, 587 7,773 65, 356 1, 315 $11, 467 1,470 12, 702 1, 610 14, 657 1,711 17, 837 1,895 21, 713 Thousands of agate lines $8, 526 6,781 4,464 3,667 3,230 3,151 3,030 1,224 1 161 1,147 1,415 1,490 1,344 1,890 61, 440 62, 671 61,067 83, 859 5 914 4, 898 6,851 7,233 7,386 8,098 8,211 9, 409 10, 391 10, 797 11, 161 72, 432 64, 827 68, 462 78, 913 84, 515 81, 287 2, 059 2,107 2,340 2,684 2,981 3,105 25, 017 23, 351 24, 544 28, 005 29, 831 31, 094 2,390 1,877 2,282 3,531 4,306 2,305 1,480 1,573 1,953 2,034 2,094 95,832 86, 661 91, 131 97, 402 96, 469 101, 081 6,682 9,880 12,000 11, 294 13, 558 77, 980 95, 784 88, 962 100, 098 2,795 3,052 2,941 3,573 28, 398 30, 763 29, 802 34, 002 3,706 3,861 4,581 7,656 1,795 2,213 2,201 2,121 94, 696 108, 040 103, 239 102, 927 11, 188 10, 533 12, 909 12, 031 61, 179 74, 014 91, 845 87, 883 3,127 2,960 3,605 3,234 30, 563 28, 683 33, 512 31,097 3,646 3,956 4,704 3,816 1,537 1,975 2,222 2,443 93, 088 85, 803 106, 501 107, 902 10, 486 11, 933 9,763 9,233 78, 573 80, 682 74, 469 58, 250 3, 014 3, 127 2,961 2,771 30, 230 30, 840 29, 361 29, 075 3,859 4,444 3, 998 4,431 2,392 2,232 1,675 1,489 109, 142 96, 012 82, 044 85, 660 9,716 12, 008 10, 916 13, 221 79, 336 99, 240 88, 548 101,440 2,801 3,154 3, 065 3, 546 29, 456 33, 041 32, 016 35, 252 4,036 4,463 5,657 1,979 2,421 2,506 2,251 99, 427 119, 754 117, 231 110,410 7,563 7, 917 7, 457 7,063 ! „ 1 i ! 1 Sales of four principal mail-order houses compiled by Federal Reserve Board and include Sears, Roebuck & Co., Montgomery Wrard & Co., National Cloak & Suit Co. Larkin & Co. Data on two chief houses, extending back to 1913, total the sales of Sears, Roebuck & Co. and Montgomery Ward & Co. 2 Data from U. S. Post Office Department, comprising receipts for transporting all classes of mail. The 50 selected cities cover the largest cities in the country, the industrial cities comprising the 50 next largest. The war revenue act of Oct. 3, 1917, provided for an increase in the rate for first-class letter mail from 2 cents per ounce or fraction thereof prior to Nov. 1, 1917, to 3 cents per ounce or fraction thereof, from Nov. 1, 1917, to July 1, 1919, and an increase of the rate on postal and post cards from 1 cent to 2 cents each during the same period. Since July 1, 1919, the old rates on first-class mail have been restored. Under this act a stamp tax of 1 cent for each 25 cents ostage charge or fraction thereof is collectible on parcel-post matter. Effective April 15,1925, the new postal rates applicable almost entirely to matter other than first class ave3 operated to increase the magnitude of these data, thereby affecting their comparability from this point forward. Note that these data from U. S. Post Office Department represent quarters ending in the months specified and the annual figures represent quarterly averages for each year, not monthly averages. Second-class mail comprises regular mailings of periodicals. The war revenue act of Oct. 3,1917, provided for a series of graduated annual rate increasesl on second-class mail as follows, compared with a flat rate of 1 cent per pound previous to July 1,1918. From July 1,1918, to June 30,1919, lM cents, and since July 1, 1919, l /% cents per pound, these changes applying regardless of zone or distance, to portions of publications devoted to reading matter. For the advertised portions the country was divided into eight zones, each with a graduated rate and its corresponding annual increase, beginning with July 1, 1918, and reaching the maximum on July 1,1921, making, for the first time, a differentiation between the rates on reading and advertising matter. 4 Total of 50 cities transacting two-thirds of the total money-order business of the country, from the U. S. Post Office Department. Money orders paid include, in addition to those both issued and payable in the 50 cities, those presented for payment but issued at any of the other offices in the United States and the 22 foreign countries, mostly in North America and West Indies, to which domestic postage rates apply. « Money orders issued to 67 principal foreign countries, representing practically the total international money orders issued by U. S. Post Office Department. 6 These figures represent the number of lines of advertising carried by the 60 leading magazines dated for the month noted, as compiled by Printer's Ink, classified as follows: 20 general, 15 womens', 16 class, and 9 weeklies. 7 Compiled by the New York Evening Post from 22 identical cities: New York, Chicago, Philadelphia, Detroit, Cleveland, St. Louis, Boston., Baltimore, Los Angeles, Buffalo, San Francisco, Milwaukee, Washington, Cincinnati, New Orleans, Minneapolis, Indianapolis, Columbus, Louisville, St. Paul, Birmingham, and Houston. For the years 1916 to 1918 no reports were available for Boston, Louisville, Houston, and Columbus. The totals for those years were computed from the actual reports of the 18 other cities, allowing 13.85 per cent of the total to the four missing cities, the average ratio of those cities to the total in the subsequent years, « Six months' average, July to December, inclusive. g 79396°—26 8 114 Table 90.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS PREMIUM COLLECTIONS (new and renewal) NEW BUSINESS Ordinary YEAR AND MONTH Group Industrial! Ordinary Total Number Number ThouThou- NumThouof policies sands of of Number of cer- 2 sands of ; of policies sands of ber and cerand condollars tracts tificates dollars contracts tificates 2 dollars 1 Number of policies Thousands of dollars Number of policies 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 79, 717 79, 230 83, 803 96, 222 111,686 112, 159 181, 094 $143, 470 138, 519 146, 878 181, 569 213, 193 221, 940 388, 260 379, 819 410, 189 428, 559 414, 605 414, 443 433, 226 465, 248 $51, 999 55, 217 58, 128 58, 645 61, 484 66, 099 77, 901 5 6 11 31 81 71 164 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 206, 577 165, 651 168, 115 197, 457 198, 683 215, 819 473, 417 392, 315 429, 113 514, 884 545, 633 630, 695 499, 938 550, 065 582, 102 662, 259 703, 769 804, 380 93, 044 104, 813 118, 234 143, 338 163, 630 196, 598 190 59 98 159 132 165 1923 September October November December 177, 163 191,810 197, 268 239, 328 440, 968 490, 360 515, 700 627, 385 556, 415 668, 393 656, 873 681, 525 124, 905 152, 061 146, 882 153, 154 49 77 88 488 172, 587 184, 945 234, 227 213, 613 492, 559 504, 553 635, 192 580, 949 766, 821 649, 135 693, 674 705, 346 179, 656 143, 762 156, 792 158, 557 102 89 121 112 May June July August 223, 473 205, 466 188, 335 174, 284 600, 324 573, 508 536, 897 484, 966 760, 648 674, 481 595, 545 609, 703 173, 629 154, 495 135, 015 141, 525 September October November December 159, 318 181, 569 216, 103 230, 278 436, 618 501, 459 524, 384 676, 188 614, 848 830, 831 641, 128 903, 065 178, 402 185, 907 219, 283 215, 715 537, 504 558, 754 668, 447 651, 735 241, 349 219, 984 214, 633 210, 408 722, 962 651, 674 653, 273 623, 404 187, 944 224, 370 219, 593 272, 239 | $1, 736 3,795 3 911 6 565 - 14, 873 20, 5S2 35, 487 ! 510, 859 526,210 545. 45fi <U6. 506 ! 706, 706 • 715, 775 750,313 859, 874 902, 584 932, 269 1, 020, 364 1, 065, 782 35, 4-90 9, 281 23, 043 43, 357 49, 827 83,271 29, 817 45, 584 459, 541 489, 425 Indus- Group trial Total ; ! Thousands of dollars $197, 115 197, 531 208, 946 246, 780 289, 550 308, 621 501, 648 $38, 953 40, 508 42, 262 45, 721 50, 485 54, 579 64, 34.8 $10, 778 11, 580 12, 421 13, 280 14, 440 15, 807 18, 088 $36 52 97 143 308 536 991 $49, 767 52, 138 54, 780 59, 144 65, 233 70, 922 83, 427 1 601, 650 506, 410 570? 389 701, 579 759, 090 910, 564 75, 462 81, 424 89, 242 99, 631 110, 287 125, 119 20, 342 22, 587 25, 751 30, 057 34, 178 39, 119 1,498 1 1,545 ! 1,621 2,092 2,618 4,625 97,302 i 105, 556 116, 614 131, 779 147, 083 168, 863 587, 264 652, 249 681, 420 1, 012, 108 84, 838 98, 241 99, 377 119, 800 27, 378 30, 697 29, 195 48, 803 1,695 2,174 2,345 3,093 113,911 131, 112 130, 917 171, 697 21, 391 9,828 18, 838 231, 568 733, 627 860, 280 854, 229 921,341 16, 415 10, 650 20, 489 24, 758 19, 127 15, 421 35, 040 44, 269 939, 510 834. 169 928, 022 919, 071 955, 823 844, 730 948, 390 943, 717 691, 341 663, 736 827, 024 783, 775 106, 045 108, 162 111,422 113,205 29,867 30, 200 32, 814 29, 235 2,734 2,570 1,684 2,545 138, 646 140, 932 145, 920 144, 985 111 99 114 71 20, 006 13, 217 17, 878 14, 828 35, 002 21,519 31, 343 22, 949 984, 232 1, 004, 127 880, 046 893, 164 783, 994 801, 758 784, 058 798, 815 808, 955 749, 521 703, 255 649, 439 114, 686 107, 888 113,019 99, 417 32, 963 32, 744 30, 758 32, 530 2,435 2,281 2,879 2,339 150. 084 142,913 i 146, 656 134, 286 145, 052 198, 461 150, 718 225, 892 75 87 132 472 13, 906 70, 805 25, 771 109, 080 19, 369 131, 134 38, 624 184, 130 774, 241 601, 038 788, 072 831, 054 1, 012, 487 1, 083, 205 713, 726 857, 363 883, 002 1, 133, 815 1, 242, 423 1,086,210 95, 049 109, 188 103, 731 141, 633 33,811 33, 405 32,190 59, 616 2,148 3,025 2,593 4,186 131, 008 145, 617 138,515 I 205, 434 618, 425 732, 120 809, 517 803, 384 147, 441 177, 666 193, 604 196, 895 178 114 129 143 47, 477 22, 769 27, 016 37, 255 68, 969 36, 728 40, 822 66, 428 844, 304 797, 005 918, 141 940, 796 1, 028, 929 1, 055, 816 1, 019, 242 1, 056, 354 753, 914 773, 148 902, 874 915, 059 116, 835 116, 975 128, 544 128, 710 36, 550 32, 901 37, 022 33, 829 4,171 3,125 9,173 5,124 157, 558 153, 000 1 174, 738 167, 663 882, 325 788, 352 734, 531 717, 402 217, 735 198, 113 182, 991 181, 048 143 160 121 118 23, 225 32, 236 27,' 785 68, 894 39, 106 47, 606 54, 973 126, 892 1,123,817 1, 146, 899 1, 008, 496 1, 040, 572 949, 285 976, 949 927, 928 996, 704 979, 803 897, 393 891, 237 931, 344 127, 080 121, 806 125, 554 109, 737 36, 573 37, 977 36, 665 37, 808 3,586 3,263 3,375 3,682 167, 240 163, 046 165, 593 151, 227 691, 227 538, 166 630, 262 1, 199, 183 851, 209 596, 833 824, 881 735, 325 175, 114 256, 704 207, 980 223, 883 107 114 172 485 20, 045 38, 122 26, 490 175, 691 37, 800 54, 446 111,087 314, 396 879, 278 751, 080 899, 216 941, 412 1, 423, 667 1, 461, 675 915, 900 1, 070, 974 1, 097, 292 1, 097, 605 1, 272, 811 1, 273, 604 107, 367 130, 045 130, 920 157, 858 37, 057 38, 951 39, 074 65, 018 3,124 4,841 4,940 7,100 147, 548 173, 837 174, 934 229, 976 1924 January February March April. . . 1925 January February March___ April. May June July August . September October November December 1926 1 January February M arch \pril j une « j | ! j 1 Compiled by the Association of Life Insurance Presidents. The data on new business represents only new business that has been paid for, exclusive of revivals, increases and dividend additions. Premium collections show the amount of money actually invested in life insurance each month, and include total premium collections, new and renewal, and considerations for annuities and for supplementary contracts involving and not involving life contingencies. The 45 companies whose figures are included in this table had in force 81 per cent of the total legal reserve life insurance outstanding in the United States as of Dec. 31, 1923. Complete monthly data from 1922 were given in September, 1924, issue (No. 37), p. 37. Data given in previous issues cover a smaller number of companies. 2 This column, by adding together the number of policies issued for ordinary and industrial insurance and the number of certificates issued under group insurance contracts, indicates the trend in number of persons covered by new insurance, but does not show the exact number of persons covered, since one person may have several policies of ordinary insurance and in addition hold a certificate under a group contract. 115 Table 91.—LIFE INSURANCE—ASSETS AND SALES BY DISTRICTS SALES, ORDINARY INSURANCE (81 companies) 2 ADMITTED ASSETS (41 companies) 1 Mortgage loans YEAR AND MONTH Grand total Total Farm Bonds and stocks (book values) Policy loans and GovPublic preMail- utili- mium ernTotal road notes ment ties All other | 1 i av _ av _ _ av av___ av Far Western Thousands of dollars Millions of dollars 1921 mo. 1922 mo. 1923 mo. 1924 mo. 1925 mo. Western Western man u« agricul- Southern faeturtural ing Eastern manufacturing United States, total $154,321 $425, 092 459, 549, 584, 672, 292 296 871 286 174, 208, 233, 267, 242 526 584 430 $90, 152 98, 380 121, 194 127, 321 144, 071 $81, 074 78, 899 90, 912 91, 008 107, 277 $57, 145 61, 645 72, 403 72, 954 85, 645 $42, 400 46, 126 56, 261 60, 005 68, 199 $3, 327 3, 428 $1, 219 1, 119 $1, 750 1, 849 $281 365 $928 3,316 1,222 1,218 1, 215 1,201 1,748 1,754 1, 758 1,765 274 281 282 285 919 924 930 936 625, 590, 534, 538, 957 460 075 043 244, 865 219, 359 191, 717 199, 159 132, 130, 119, 121, 998 081 248 745 104, 387 98, 602 92, 920 88, 466 81, 780 81, 792 69, 925 68, 431 61, 927 60, 626 60, 265 60, 242 3,354 3,366 1, 200 1,195 1,192 1, 184 1,769 1,775 1,780 1,792 287 293 301 305 939 946 949 953 475, 554, 548, 610, 957 773 669 751 175, 212, 212, 206, 511 757 548 217 103, 127, 124, 137, 573 070 472 473 81, 569 90, 734 86, 698 107, 019 63, 742 69, 436 69, 368 88, 340 51, 562 54, 776 55, 583 71, 702 1,595 1,618 1,638 1,666 3,363 3,376 3,378 3,388 1,180 1,172 1, 155 1,138 1,783 1,787 1,800 1,813 312 327 333 345 960 966 972 981 538, 546, 667, 662, 601 521 577 591 238, 226, 275, 274, 057 893 970 522 113, 109 120, 674 148, 620 142, 996 75, 689 80, 796 96, 836 98, 652 60, 148 62, 891 81, 871 81, 478 51, 598 55, 267 64, 280 64, 943 1,394 1,396 1,416 1,425 1,691 1,724 1,745 1,770 3,403 1,124 1,111 1,103 1,098 1,833 1,845 1,855 1,869 354 360 370 376 987 996 1,004 1,007 638, 515, 591, 508, 768 271 346 389 252, 208, 232, 189, 343 688 179 574 139, 517 113, 596 125, 260 112, 012 99, 914 73, 178 97, 648 82, 024 78, 975 72, 375 73, 245 68, 203 68, 019 47, 434 63, 014 56, 576 3,227 3,263 3,298 3,338 1,433 1,439 1,444 1, 452 1, 794 1,824 1,853 1,886 3,453 1,092 1,085 1,085 1,086 1,883 1,899 1,909 1,915 381 388 405 430 1,012 1,017 1,018 1,020 487, 944 572, 184 545, 152 744, 111 180, 485 224, 325 218, 834 281, 134 106, 181 124, 841 115, 577 165, 469 84, 217 93, 489 88, 871 120, 784 62, 616 69, 226 65, 490 98, 928 54, 445 60, 303 56, 380 77, 796 8,549 8,606 8,673 8,755 3,377 | 1, 456 1, 460 1, 474 1, 483 1,921 1,950 1,975 2,013 3,547 1,082 1,078 1,067 1,061 1,922 1,927 1,939 1,946 441 454 474 486 1,027 1,032 1, 039 1,048 559, 916 611, 480 702, 994 716, 078 238, 259, 284, 293, 217 837 997 452 120, 740 131, 410 152, 821 149, 330 81, 576 92, 432 111, 129 116, 079 62, 662 72, 367 88, 054 56, 721 55, 435 69, 036 69, 163 8, 825 3,542 3,586 3,633 2,050 2,086 3,624 3,647 2,126 2,161 3, 666 3,671 1, 492 1, 500 1, 507 1,510 1, 055 1,048 1,038 1,040 1,960 1,974 1,983 1,989 506 521 538 545 1,057 1,066 1,075 1,083 737, 694, 692, 651, 515 577 492 110 298, 268, 288, 250, 032 911 312 691 154, 148, 144, 140, 941 939 296 368 117, 116, 107, 105, 751 109 665 099 94, 436 90, 515 82, 901 83, 514 72, 70, 69, 71, 3,707 3,750 3,796 1, 513 1, 515 1,518 2,195 3,694 3,713 3,751 1,041 1,035 1,048 2,001 2,235 2,278 547 567 580 1,092 1,099 1,103 590, 668, 637, 804, 771 794 023 684 219, 258, 252, 296, 426 616 514 151 127, 148, 136, 173, 582 401 517 510 98, 954 107, 380 99, 155 133, 997 80, 030 86, 527 81, 492 116, 231 $7, 409 8, 091 $2, 694 3, 138 $1, 261 1,405 $1, 432 1,734 7,329 7,370 7,429 7,470 2, 635 1, 251 1, 266 1, 281 1,291 1,384 1,409 1,444 1,469 7, 522 7, 583 | 7,641 2,789 2,829 2,866 . 2, 903 1,487 1,517 1,544 1,567 3, 337 3, 343 7,706 1,302 1,312 1,322 1,335 7,772 7,823 7,877 7,936 2,941 2,975 3,009 3,049 1,346 1,357 1,370 1,382 7,994 3,084 8, 046 8, 115 8, 164 3, 120 3,162 3, 195 8, 231 8, 297 920 1 1933 May... June July August September October November December 1924 January February March April May June July . August _ September October November December 1935 January February March April . May June__ July August . 8,359 8,476 . . September October. _ __ _ November December. _. _ 1926 January February March April _ 8,892 8,974 9,039 9,121 9,209 9,292 _ May June 2,675 2,725 2,760 3,410 3,449 3,496 3,327 3, 335 3,330 4,413 3,424 3,440 3, 469 3,496 3,534 3,561 3,583 3,595 3,680 2,005 2, 015 85,011 355 093 318 438 64, 779 67, 871 67, 345 84, 795 i li /.: ".. | j 1 Compiled by the Association of Life Insurance Presidents from special reports of 41 companies having 82 per cent of the total admitted life insurance assets of United States legal reserve companies; the data are given as of the end of each month and are designed to show the fluctuations in the cha racter of investments of life insurance companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the compan ies; in addition to the items separately listed, the total also includes real estate, collateral loans, cash, bills receivable, interest due and accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately 98K per cent are bonds and \y% per cent are stocks. 2 Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insurance companies who held on Jan. 1, 1923, 88 per cent of the total ordinary legal life reserve in force in the United States. Monthly data for 1921 were given in the April, 1924, issue (No. 32), p. 56. The Eastern Manufacturing district includes Maine, Nevs " 116 Table 92.—SAVINGS DEPOSITS BALANCE TO CREDIT OF DEPOSITORS— END OF MONTH 1 Federal Reserve Districts YEAR AND MONTH Boston (64 banks) Total deposits New York (30 banks) Philadelphia (78 banks) Cleveland (18 banks) Richmond (91 banks) Chicago Atlanta St. Louis (32 banks) (209 banks) (96 banks) Minneapolis (15 banks) KanDalsas las City (85 (56 banks) banks) United New States York postal State Savings2 savbanks ings San Francisco (72 banks) : I Thousands of dollars 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly 1924 monthly 1925 monthly av. $612, 598 av. $5, 437, 438 $1, 036, 420 $1, 532, 956 $389, 823 $345, 252 $225, 478 $168, 731 751, 870 av. 5, 776, 628 1, 064, 315 1, 653, 162 414, 761 387, 425 244, 718 179, 872 768, 358 av. 6, 010, 260 1, 100, 456 1, 728, 301 424, 527 382, 759 268, 675 186, 916 771, 608 av. 6, 592, 987 1, 185, 836 1, 850, 108 457, 860 430, 824 289, 760 213, 522 855, 825 av. 7, 071, 281 1, 255, 184 1, 973, 919 490, 727 477, 603 314, 207 288, 629 906, 714 av. 7, 544, 886 1, 320, 771 2, 096, 124 522, 839 518, 900 347, 036 246, 996 941,761 j $90, 554 104, 871 115,412 128, 949 141, 030 158, 128 $71, 707 77, 010 79, 643 88, 954 92, 077 98, 322 $80, 957 $44, 800 $699, 790 89, 212 47, 774 745, 150 95, 697 52, 177 804, 090 104, 649 59, 855 926, 410 108, 544 66,612 1,016,024 109, 360 73, 422 1,111,200 2, 223, 216 2, 465, 491 2, 635, 572 2, 800, 118 3, 090, 659 3, 258, 920 3, 491, 492 161, 373 163, 434 154. 124 138, 168 132, 190 133, 025 132, 824 1923 May June July August 6, 529, 146 6, 632, 093 6, 625, 604 6, 625, 963 1, 178, 188 1, 188, 854 1, 192, 585 1, 194, 152 1, 825, 584 1, 859, 503 1, 854, 810 1, 854, 412 454, 744 456, 919 461, 876 461, 922 421, 667 430, 919 430, 014 432, 286 293, 716 291, 721 289, 348 288, 652 213, 045 218, 835 218, 777 215, 358 850, 375 867, 505 858, 068 858, 657 128, 605 129, 907 129, 740 130, 158 87, 989 89, 123 88, 820 88, 820 104, 380 106, 623 105, 136 103, 892 59, 594 59, 976 60, 306 60, 716 911, 259 932, 217 936, 123 936, 938 131, 751 3, 040, 789 131,671 131, 726 132, 502 September October November December 6, 672, 204 6, 703, 325 6. 743, 274 6, 878, 154 1, 198, 304 1, 204, 326 1, 207, 722 1, 217, 267 1, 873, 986 1, 871, 644 1, 876, 107 1, 923, 763 461, 474 461, 935 463, 010 480, 131 435, 528 441, 103 455, 596 464, 948 290, 092 290, 783 290, 543 293, 193 217,318 218, 209 218, 340 220, 771 861, 491 872, 155 882, 010 897, 508 130, 128 131, 741 131, 862 134, 823 90, 326 90, 043 90, 517 92, 410 103, 871 104, 422 106, 557 109, 265 60, 740 61,517 63, 024 63, 870 948, 946 955, 447 957, 986 980, 205 133, 077 133, 157 132, 833 3, 144, 094 131,518 1924 January February March April 6, 878, 006 6, 938, 646 6, 990, 191 6, 988, 843 1, 227, 742 1, 235, 079 1, 241, 474 1, 247, 828 1, 922, 678 1, 928, 114 1, 948, 347 1, 941, 969 483, 826 485, 354 485, 844 487, 634 458, 720 463, 107 465, 952 465, 639 293, 099 298, 464 302, 960 308, 941 219, 855 224, 817 227, 205 228, 250 891, 580 895, 491 903, 725 900, 802 135, 025 135, 929 136, 244 92, 697 92, 303 92, 076 93, 542 92, 967 108, 714 108, 653 108, 394 108,918 64, 526 979, 938 65, 082 1,006,480 65, 563 1,010,941 65, 818 1,002,532 3, 168, 327 3, 172, 696 3, 233, 022 3, 210, 507 130, 277 13 2> 152 132, 770 132, 565 May June July August 7, 001, 598 7, 089, 775 7, 070, 720 7, 087, 421 1, 249, 697 1, 256, 624 1, 256, 927 1, 261, 004 1, 945, 064 1, 981, 700 1, 974, 972 1, 977, 476 487, 460 488, 816 489, 816 490, 950 471, 062 467, 618 479, 171 480, 963 309, 589 315, 352 317, 903 322, 551 229, 719 234, 474 228, 026 229, 159 904, 430 916, 257 902, 603 901, 674 139, 262 138, 550 138, 176 138, 576 89, 735 90, 982 90, 656 90, 772 110, 328 111,942 108, 921 109, 229 66, 020 999, 232 68, 035 1,019,515 66, 824 1,016,725 66,811 1,018,256 3, 208, 840 3, 267, 717 3, 267, 064 3, 261, 053 133, 072 132, 655 132, 915 133, 938 September October November December 7, 132, 377 7, 151, 529 7, 194, 415 7, 331, 850 1, 263, 800 1, 268, 465 1, 271, 490 1, 282, 074 2, 002, 659 2, 001, 536 2, 006, 184 2, 056, 333 491, 805 492, 285 494, 478 510, 461 483, 342 489, 511 499, 463 506, 689 323, 350 325, 899 324, 495 327, 880 228, 710 228, 410 230, 308 234, 515 902, 737 910, 932 917, 748 932, 593 138, 247 141,026 157, 231 156, 548 92, 078 92, 444 92, 787 94, 674 108, 065 106, 979 105, 620 106, 881 67, 805 67, 849 67, 523 67, 490 1,029,779 1,026,093 1,027,088 1,055,712 3, 302, 442 3, 308, 534 3, 318, 009 3, 388, 832 133, 965 134, 405 134, 235 133, 346 1925 J anuary February March April . 7, 352, 486 7, 429, 237 7, 468, 662 7, 462, 769 1, 295, 931 1, 302, 424 1, 310, 807 1, 310, 741 2, 058, 549 2, 063, 855 2, 083, 503 2, 077. 949 518, 203 520, 032 521, 786 521, 363 506, 884 509, 621 512, 388 512, 129 330, 002 334, 662 336, 269 344, 629 231, 278 234, 754 235, 180 238, 246 924,912 932, 382 933, 809 930, 626 157, 486 157, 483 157, 264 158, 549 95, 908 96, 384 97, 845 97, 340 106, 855 107, 868 108, 842 107, 146 68, 434 70, 066 71, 336 72,118 1,058,044 1,099,706 1,099,623 1,091,933 3, 409, 097 3, 417, 732 3, 462, 469 3, 468, 903 133, 472 134, 033 133, 892 133, 216 May June July August 7, 497, 371 7,611,975 7, 542, 166 7, 562, 671 1 1, 314, 076 1, 322, 249 1,324,310 1,326,980 2, 079, 086 2,108,961 2, 098, 522 2, 095, 847 522, 105 519, 162 520, 609 520, 820 517, 774 530, 948 518, 577 521, 321 347, 148 355, 723 352, 398 351, 147 242, 128 252, 304 242, 696 244, 558 941,509 953, 861 933, 901 939, 038 159, 127 160, 522 155, 878 156, 271 96, 672 98, 136 97, 975 98, 453 107, 108, 107, 114, 908 727 769 110 72, 789 75, 068 73, 624 74, 331 1,097,049 1,126,114 1,115,907 1,119,795 3, 464, 585 3, 517, 264 3,502,011 3, 502, 526 132, 880 132, 186 131,610 132, 100 September October November December 7, 604, 962 7, 613, 545 7, 646, 986 7, 745, 301 1, 329, 853 1, 332, 605 1, 335, 978 1, 343, 302 2,114,729 2, 108, 618 2,113,380 2, 150, 606 522, 453 523, 094 523, 646 540, 799 521, 120 521, 262 526, 885 527, 892 348, 699 353, 016 356, 396 354. 343 253, 104 258, 465 263, 469 267, 709 940, 952 947, 951 955, 175 967, 017 159, 071 158,315 159, 357 158, 211 99, 939 99,915 100, 121 101, 177 113,957 113, 151 108, 953 107, 039 75, 078 75, 531 76, 675 76,010 1,126,007 1,121,622 1,126,951 1,151,636 3, 487, 629 3, 529, 169 3, 533, 841 3, 602, 675 132, 159 132, 398 132, 711 133, 235 1926 January February Mi arch April May June i 1 ^ """II I . 1 Savings deposits in each Federal Reserve district (including both commercial and savings banks) compiled by Federal Reserve Bank of that district from reports of identical banks, except Atlanta, Kansas City, and Dallas districts, which have been computed on chain relatives since June, 1923. Deposits in savings banks of New York State furnished by Savings Banks Association of the State of New York; postal savings from U. S. Post Office Department. Yearly averages from 1913 to 1918 for both of these columns appeared in the February, 1925, issue (No. 42), p. 141. 2 Yearly figures from 1914 to 1920, inclusive, and for 1923 are averages of deposits on June 30 and December 31 of each year; 1913 figures are for December 31; 1921 is average of four quarterly figures, and 1922 is average of three quarterly figures. Monthly data beginning with 1924 calculated by adding to incomplete monthly reports to the association the depositors' balance of the few nonreporting banks at the previous semiannual period. 117 Table 93.—PUBLIC FINANCE U.S. GOVERNMENT DEBT* Total Interest bearing YEAR AND MONTH Gross debt mo. mo. mo. mo. mo. mo. mo. MONEY IN CIRCULATION 3 GOLD OrdiShort- CusTotal Per Imexterm toms ordinary nary pen di- Total capita ports 4 debt receipts receipts tures Millions of dollars 1913 1914 1915 1916 1917 1918 1919 ! U.S. GOVERNMENT FINANCES 2 Thousands of dollars av av av av av av av $996 968 970 972 2,713 11, 986 25, 234 $1, 193 1,188 1,191 1,225 2,976 12, 244 25, 482 $8,047 $26, 512 24, 344 17, 439 17, 636 18, 832 15, 000 15, 371 1920 mo. av 1921 rno. av 1922 mo. av 1923 mo. av 1924 mo. av 1925 mo. av 24, 061 23, 737 22, 711 22, 008 20, 982 20,211 24, 298 23, 976 22, 964 22, 350 21, 251 20, 516 7,843 7,618 6,746 5,743 8,072 6,254 26, 909 25, 714 29, 704 46, 827 45, 470 45, 630 Domestic Rand receipts output at mint 5 fl Pro- Price in Im- ExducNew ports 4 ports 4 tion 7 York e Thous. Dolls, of fine per fine ounces ounce Millions of dollars Dollars Thousands of dollars $3, 364 3, 402 3, 261 3,591 3,849 4,336 4,795 $34. 56 34. 35 32.38 35. 06 36.96 40. 96 45. 18 $5, 309 4,782 37, 663 57, 166 46, 038 5,170 6,378 $7, 650 18, 551 2,619 12, 999 30, 990 3,422 30, 682 148, 050 155, 083 157, 830 133, 597 112,495 86, 472 71, 093 732, 779 698, 275 757, 823 772, 128 751, 855 701, 722 694, 174 $2, 989 2,163 2,874 2,689 4, 445 5,948 7,451 $5, 231 4,300 1,467 5,883 7,011 21, 071 19, 918 5, 332 4,843 4,374 4, 729 4, 755 4,734 50.11 44.80 39.86 42.50 42.20 41. 49 35, 729 57, 604 22, 931 26, 893 26, 643 10, 690 26, 841 1,991 3,073 2,387 5,137 21, 887 62, 377 80, 183 86, 314 84, 044 90, 234 87, 693 679, 801 676, 216 585, 009 761, 088 799, 803 799, 815 7,338 5,270 5, 901 6,204 6,162 5,383 9,468 4,298 5,234 6,039 9, 158 8,261 4,714 4,477 4,623 5, 445 5, 352 5, 282 1.009 .627 .675 .649 .668 .691 $60, 315 $60, 474 61, 195 61, 282 57, 972 63, 353 65, 003 61, 250 94, 037 165, 025 305, 382 1,058,153 429, 355 1, 543, 575 557, 880 468, 744 342, 425 333, 928 334, 337 315,012 Exports5 SILVER 540, 174 461, 517 316, 275 308, 123 292, 223 294, 137 Fine ounces Thousands of dollars 5, 567 $0. 598 .548 6,038 6,247 .497 6,201 .657 5,978 .814 5,651 .968 4,723 1.111 ! 1934 January February March April 21, 574 21, 521 21, 357 21, 354 21, 844 21, 783 21, 624 21,615 8,541 8,491 8,327 8,325 40, 019 50, 207 51, 459 45, 696 183, 206, 646, 214, 307 607 389 306 260, 208, 291, 327, 765 432 026 002 4,682 4, 808 4, 813 4,760 41. 77 42. 85 42.85 42. 33 46, 136 35,111 34, 322 45, 418 281 505 817 1,391 74, 392 89, 636 82, 334 78, 870 796, 768 760, 617 795, 671 768, 923 5,980 7,900 6,221 3,908 8,209 8,877 8, 355 7,802 4,660 5,916 5, 535 4, 726 .634 .644 .640 .641 Mav__ __ June July August 21, 287 20, 982 20, 991 20, 981 21, 545 21, 251 21, 254 21, 245 8, 259 8,072 8,081 8,071 45, 221 43, 276 43, 945 45, 621 190, 601, 195, 185, 408 580 704 763 256, 288, 207, 196, 085 055 995 892 4, 815 4, 755 4, 665 4,774 42.78 42.20 41.36 42.28 41, 074 25, 181 18, 834 18, 150 593 268 327 2,397 78, 501 65, 443 90, 089 92, 132 809, 003 773, 053 829, 437 809, 571 5, 640 4,870 7,128 7,042 9, 687 8, 648 9, 190 8,632 5,666 4,903 4,936 5,426 .655 .667 .672 .685 September October November December 20, 983 20, 978 20, 951 20, 712 21, 254 21, 242 21, 213 20, 979 8,073 8,069 8,041 7,046 49, 759 49, 890 40, Oil 40, 129 487, 255, .174, 570, 390 323 738 792 408, 320, 233, 345, 797 307 758 879 4,806 4, 880 4,994 4, 993 42.52 43. 12 44.08 44.03 6,656 19, 702 19, 862 10, 274 4,580 4,125 6,689 39, 675 106, 919 127, 184 106,488 90, 816 799, 422 827, 583 802, 313 825, 273 7,983 5,829 6,481 5, 884 10, 345 9,465 9, 401 11, 280 5,523 5, 631 5,624 5,674 .694 .708 .693 .681 20, 789 20, 658 20, 608 20, 605 21, 057 20, 981 20, 932 20, 913 7,122 6,992 6,651 6,649 46, 968 46, 190 53, 858 44, 642 171, 600 173, 632 600, 738 182, 641 292, 161, 385, 324, 457 286 129 679 4, 752 4, 804 4,776 4,725 41.86 42. 28 41.99 41.50 5,038 3,603 7, 337 8,870 73, 526 50, 600 25, 104 21, 604 87, 030 80, 294 75, 584 83, 488 823, 692 753, 925 825, 479 787, 519 7,339 4, 929 6,661 4,945 11, 385 6,833 7,917 9,323 5, 509 5, 077 5,931 5, 538 .684 .685 .678 .669 20, 603 20, 211 20, 199 20, 166 20, 899 20, 516 20, 488 20, 447 6,646 6,254 6,241 6,208 42, 004 44, 544 45, 156 49, 114 166, 614, 194, 219, 834 992 945 915 234, 116 418, 349 245, 593 214, 208 4,774 4,734 . 4, 720 4,784 41.89 41.49 41. 31 41.84 11,393 4,426 10, 204 4,862 13, 390 6,712 4,416 2,136 70, 438 71, 652 92, 830 87, 490 813, 249 780, 251 818, 202 808, 218 3,390 4,919 5,238 7,273 6, 536 8,522 8,349 8,285 5,225 5, 481 5,365 5,934 .676 .691 .694 .702 20, 143 20, 141 20, 139 19, 983 20, 418 20, 407 20, 401 20, 248 6,186 6,184 6,182 6,033 51, 017 52, 835 48, 276 46, 223 512, 072 202, 245 184, 931 602, 575 330, 851 323, 432 236, 034 433, 968 4,827 4,901 4,972 5,008 42.17 42.77 43. 35 43.62 4,128 50, 741 10, 456 7,216 6,784 28, 039 24, 360 5,968 78, 329 128, 030 102, 641 94, 504 797, 247 812, 000 787, 000 4,504 5,602 4,049 5,747 7,487 8,783 8,118 7,589 4,845 4,644 4,898 4,937 .716 .711 .692 .689 20, 024 20, 283 46, 136 186, 283 232, 847 1925 January February March April May June July August... _. _. __ _ September October November December 1926 January February March April Mav June i - 1 Yearly figures, giving situation as of June 30 each year, and monthly figures up to last two months, are on a warrant basis, as supplied by U. S. Treasury Department. The last two months are on a cash basis as shown in the preliminary Public Debt Statement. Short-term debt includes issues maturing within five years from the particular date noted; a large increase in a particular month, such as in September, 1923, is usually due not so much to an increase in indebtedness (absence of increase in the gross debt would show this), but that the maturity date of a certain bond issue has been brought within five years. The increase in September, 1923, was due to the Third Liberty Loan being brought into this category. At present, besides the Third Liberty Loan, there are included in the short-term debt the following: Loan and tax certificates of indebtedness, Treasury sayings securities, and Treasury notes. Debt on which interest has ceased and interest-beairng debt redeemable at the pleasure of the Government but not maturing within five years are not included in this statement. Monthly data extending back to 1921 may be found in the March, 1924, issue (No.2 31), p. 56. Yearly figures are averages for the fiscal year ending June 30 of the year indicated. Monthly figures are taken from the Daily Statement of the U. S. Treasury, in which further details may be found. The large increase in total receipts every three months is due to payment of income-tax instalments. Expenditures represent those chargeable3against ordinary receipts. Represents money held outside the Treasury and Federal Reserve System. Prior to July 1,1922, these data were compiled by the Federal Reserve Board and thereafter by the U. S. Treasury Department. Yearly figures are as of June 30. *5 Imports and exports of gold and silver from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Domestic receipts of unrefined gold at U. S. mints from U. S. Treasury Department, Bureau of the Mint. e Silver prices, representing daily averages for the month in the New York market and gold output from the Rand mines from the Engineering and Mining Journal. " Production of silver by mines of the United States from American Bureau of Metal Statistics, except annual figures previous to 1921, which are from U. S. Department of Interior, Geological Survey. 118 Table 94.—BANKING DEBITS TO INDIVIDUAL ACCOUNTS i BANK CLEARINGS 2 Bills Notes Total Total In New Outside in cir- investNew disreYork York countcula- ments serves City tion City ed In New Outside New York York City City YEAR AND MONTH CONDITION OF FEDERAL RESERVE BANKS 3 Total deposits Millions of dollars 1913 mo. av 1914 mo. av 1915 mo. av 1916 mo. av 1917 mo. av 1918 mo. av 1919 mo. av . CONDITION OF REPORTING MEMBER BANKS a Reserve ratio Total Net Total loans deand dis- investmand counts ments deposits Per cent Millions of dollars $5, 749 5, 508 5,879 7,713 9,734 11, 801 13, 944 $29 24 224 1,158 1,936 $89 185 606 1,911 2,618 $144 231 466 592 $384 586 1,261 1, 991 2,190 $1, 154 1,738 1, 937 94. 6 83.5 75.6 57.0 50.2 INTEREST RATES ^ Commercial doublename paper, 4 to 6 mos. New York call loans Per cent $9, 260 10, 576 3.29 3.68 1.90 2.74 3.37 5.08 7.07 5.52 4.80 3.46 3.45 4.73 5.88 5.43 $20, 343 $17, 536 $7, 886 6,918 9,184 13, 298 14, 784 14, 878 19, 650 20,087 17, 258 19, 988 19, 866 21, 961 26, 114 20, 067 15, 914 16, 625 18, 777 18, 996 21, 368 20, 261 16, 194 18, 158 17, 833 20, 823 23, 635 15, 801 12, 212 13, 204 15, 847 16, 347 18, 095 2,557 1,755 550 751 362 500 3,154 2,664 2, 215 2,239 1,866 1,689 685 338 618 399 583 646 2,126 2,672 3,149 3, 192 3,196 2,944 1,922 1,744 1,851 1,941 2,111 2,247 43.5 61.4 77.5 76.4 80.4 74.8 $11, 927 10, 953 11, 788 12, 343 13, 450 $3, 364 4,230 4, 617 4,968 5,464 11, 302 10, 178 10, 855 11,143 12, 065 12, 892 8.58 5.99 4.42 4.87 3.17 4.31 7.38 6.54 4.43 4.99 3.91 4.02 22, 114 19, 886 21, 546 20, 654 19, 384 17,512 19, 192 18, 656 20, 689 18, 120 19, 650 20, 326 16, 862 14, 791 16, 200 16, 052 522 532 482 447 2,023 2,022 1,983 1,926 393 419 460 426 3,263 3,230 3,223 3,223 1,991 1,986 2,007 2,005 81.3 80.6 80.8 82.0 11, 884 11, 874 12, 065 12, 121 4,480 4,496 4,515 4,535 11, 239 11, 165 11, 171 11,439 4.55 4.50 4.00 4.44 4.88 4.78 4.59 4.63 21, 406 21, 926 21, 46'9 20, 916 18, 639 18, 304 18, 662 17, 776 20, 722 19, 959 20, 342 15, 928 15, 360 16, 333 15, 344 430 350 294 263 1,891 1,844 1,762 1, 741 421 476 531 593 3, 214 3,271 3, 260 3,202 1, 997 2,108 2,165 2,150 82.7 82.8 83.0 82.3 11,951 12, 142 12, 265 12, 434 4,659 4,827 4,987 5,091 11,403 11, 837 12, 233 12, 419 3.63 2.25 2.10 2.00 4.23 3.91 3.53 3.25 September October November December 20, 734 22,506 23,047 27, 327 18, 238 20, 912 18, 846 21, 830 19, 291 21, 585 22, 433 25, 626 15, 986 18, 122 16, 743 18, 445 260 223 222 314 1,730 1,767 1,845 1,862 668 802 866 935 3,156 3,132 3,134 3, 047 2,196 2,218 2,203 2,311 80.4 78. 6 77.4 73.0 12, 677 12, 764 12, 870 13, 068 5,331 5,551 5, 617 5,531 12, 630 12, 922 13, 065 13, 254 2.13 2.45 2.60 3.38 3.13 3.13 3.25 3.56 1925 January February March April 27, 682 22, 924 26, 382 23, 945 22, 277 18, 571 21,219 20, 592 26, 721 21, 057 23, 349 22, 849 18, 589 15, 668 17, 759 17, 717 274 434 378 400 1,684 1,729 1,709 1,684 715 696 663 628 3,083 3,030 3,008 2, 993 2,265 2,270 2,184 2,187 78.0 75.8 77.3 77.3 13,051 13, 143 13, 140 13, 232 5,488 5,396 5,478 5, 484 13, 014 12, 932 12, 588 12, 814 3.63 3.81 4.00 4.00 3.63 3.66 3.94 3.97 May June. July August 26, 179 26, 930 25, 458 23, 265 20, 397 21, 681 21, 559 19, 847 23, 847 24, 019 23, 396 20, 219 17, 103 18, 244 18, 570 16, 860 414 455 468 580 1,671 1, 634 1, 598 1,616 640 579 553 547 2,982 2,059 2, 937 2,888 2,202 2, 210 2, 201 2,237 77.0 77.0 77.3 75.0 13, 108 13, 205 13, 217 13, 375 5,485 5,505 5,506 5,471 12, 645 12, 725 12, 815 12, 755 3.95 4.07 4.30 4.31 3.88 3.88 3.93 4.00 September October November December 24, 369 28, 916 27, 009 30, 313 20, 872 24, 008 21, 334 24, 058 21, 774 25, 952 23, 477 26, 959 18, 021 20, 299 18, 355 20, 013 633 590 625 750 1,685 1, 695 1,732 1,835 624 660 701 751 2,866 2,893 2 861 2,822 2,268 2, 297 2,291 2,357 72.5 72.5 71.1 67.3 13, 832 13, 901 13, 959 14, 235 5,440 5,443 5, 405 5, 462 13, 046 13, 082 13, 025 13, 261 4.56 4.90 4.75 5.45 4.19 4.40 4.38 4.38 27, 101 19, 631 449 1,667 670 2,953 2, 272 75.0 13, 949 5,478 13, 034 4.50 4.38 1920 mo. 1921 mo. 1922 mo. 1923 mo. 1924 mo. 1925 mo. av av av av av av 1924 January February March April May June July August __ 1926 January Februarv A/larch \pril __ i May i ' oi 10" 4i. l2i i : ! i' ! ! j 1 '; ! 1 i ! ! ! i ^ 1 ! •' . i i l i! i * Debits to individual accounts are collected by the Federal Reserve Board from about 150 of the larger clearing-house centers. These data represent check transactions more fully than clearings inasmuch as all checks debited to individual accounts are included and not merely those passing through the clearing house. The figures given are combined from weekly totals, the first and last weeks of the month being prorated. Data for individual cities were presented in the October, 1923, issue (No. 26), p. 512 to 55. Figures on bank clearings, showing volume of check transactions passing through the clearing houses, compiled by Bradstreets. Clearings outside New York City represent 117 cities each year, estimates for some of the smaller cities being necessary in earlier years to complete the data. 3 Condition reports, showing respectively the combined condition of the twelve Federal reserve banks and the condition of over 800 member banks of the Federal reserve system, are compiled by the Federal Reserve Board. The condition is given as of the last Wednesday of the month, but prior to April, 1921, figures are of the last Friday of the month. The reserve ratio represents the percentage which total reserves (mostly gold) form of the combined deposit and Federal reserve note liabilities. Prior to March, 1921, net deposits were used instead of total deposits in calculating reserve ratios. Monthly data from 1920 on condition of Federal reserve banks may be found in the May, 1922, issue (No. 9), page 123, except for investments, which are given in the September, 1922, issue (No. 13), p. 47. comn whi collateral. Detailed data by months from 1913 are given in the June, 1924, issue (No. 34), p. 56. 1,19 Table 95.—STOCKS AND BONDS STOCK PRICES BOND YIELDS (2) JBOND PRICE INDEX * Combined YEAE AND MONTH index (103 stocks) (3) 25 35 indus- railtrials roads (4) (4) Dollars per share 1913 monthly av__ 1914 monthly av_ _ 1915 monthly av 1916 monthly av 1917 monthly av_ _ 1918 monthly av_. 1919 monthly av_. Combined index (40 bonds) (5) 10 10 high- secest ond grade grade rails rails (5) (5) 10 10 public indusutility trial bonds bonds (8) (5) Per cent of par value of 4 per cent bond Combined index (66 bonds) 0) 5 Lib16 erty and forTreas- eign ury Per cent of par value Stocks Mis- Liberty Total and cellaneous Victory bonds bonds bonds Per cent Thous. of shares Thousands of dollars, par value 6,924 3,992 14, 448 19, 404 15, 378 11, 948 26, 073 41, 499 56, 959 79, 623 94, 199 61, 866 47, 544 71, 322 5.04 5.02 4.21 4.27 4.21 18, 728 14, 334 21, 852 19, 671 23,503 38, 101 88, 563 115,686 206, 948 161, 354 243, 145 256, 621 4.32 4.36 4.34 4.30 26, 729 20, 636 18,206 17, 792 253, 178, 205, 185, 394 379 567 466 91, 693 53, 375 72, 622 93, 101 345, 231, 278, 278, 087 754 189 567 00 05 41 84 4.26 4.15 4.14 4.12 14, 992 16, 803 24, 226 22, 427 180, 440 287, 519 273, 131 244, 041 91, 979 102, 855 68, 014 62, 231 272, 390, 341, 306, 419 374 145 272 68 67 50 39 4.11 4.11 4.13 4.16 18, 150 17, 826 41, 370 42, 876 212, 247, 336, 313, 357 972 431 044 52, 665 45, 164 52, 987 79, 448 265, 022 293, 136 389, 418 392, 492 82.97 77.57 73.16 80.05 69.12 61.34 62.06 76.76 80.49 75.58 69.84 69.07 89. 79 92. 45 87. 43 80. 02 77. 89 75. 55 78.00 72.42 66.12 66.33 73.73 77.59 72.36 63.89 61.77 70.51 75. 89 71.35 69.36 70.76 $84. 57 97.08 82.13 88.74 110.63 107. 21 79.38 98.58 107. 78 115. 08 152. 49 55.94 53.21 62.38 60. 15 67.18 82.49 59.70 60.15 74.11 71.72 74.32 77.04 71. 33 74.39 85. 50 82.89 85. 11 86. 96 58.54 61.43 71.76 67.71 71.96 76.69 51.99 53.92 67.50 66.26 68.93 70.81 60.12 55.28 8 74. 00 72.27 73. 21 75.45 85.38 94.93 93.40 95. 68 97.52 93.20 99.54 98.77 101. 44 101.62 92.42 101. 22 100. 22 101. 71 103, 04 January February _ _ _ _ March __ April 93.00 87.77 82.12 81.00 112. 14 111.83 109. 82 106. 71 60.35 60.47 61. 09 62.09 72.23 72.15 72.35 72.67 83. 59 82. 79 82.76 83.58 68.43 68.72 68.87 69.52 66.12 66.27 67.19 67.53 73.09 72.86 72.42 72.03 93.99 93.78 93.93 94.25 99.50 99.48 99.70 100. 36 99.60 99.77 99.71 99.89 May June July August 80.30 84.83 88.44 89.85 106. 108. 113. 119. 43 93 53 18 62.53 65. 07 68.39 71.06 73.17 74.59 75.81 75.93 84. 42 85.84 87. 22 86. 09 70.62 72.49 73.58 73.52 67.39 69.08 70. 93 71.57 72.34 73.01 73.48 74. 14 94.74 96.35 96. 91 96.63 100. 102. 102. 102. 94 49 97 10 100. 102. 102. 103. September October.. November December. 89.90 90.25 97.77 99.65 116. 73 117. 29 124. 11 134. 29 70.28 69. 63 76. 00 79. 15 75.40 75.74 76.06 75. 77 86.47 86.67 86.43 85. 45 73.69 74.36 75.03 74.65 69.94 70.10 70.45 70.56 73.42 73.75 74.06 73.94 97.00 97.13 96.86 96. 55 102. 102. 102. 101. 66 98 10 98 103. 103. 103. 102. monthly av_ _ monthly av__ monthly av.. monthly a v. _ monthly av... monthly av__ Municipal bonds 4.45 4.16 4.23 4.06 4.31 4.58 4.50 58. 19 58.08 75.35 99.14 85.44 80.98 105. 77 1920 1921 1922 1923 1924 1925 NEW YORK STOCK EXCHANGE SALES ' 41, 499 56, 959 79, 623 94, 199 7 40, 492 85, 690 117, 059 164, 603 236, 814 308, 136 235, 406 173, 130 136, 442 66, 549 72, 178 29, 503 323, 969 288, 816 343, 390 227, 903 315, 323 286, 124 1934 1925 January February March April 105. 06 105. 64 99.78 101. 90 135. 138. 136. 135. 38 48 96 40 79. 97 80.90 79.07 76.28 76.07 76.82 76.38 76. 51 85. 82 86.37 86.98 87.66 75.12 76.00 75.50 75.90 70.63 71.26 70.03 69. 59 74.61 75.16 74.90 75. 05 96.94 97.23 96.76 97.39 102. 21 102. 11 102. 03 102. 62 103. 24 103. 14 102. 32 102. 80 4.16 4.11 4.10 4.07 41, 431 32, 750 38, 568 24, 836 303, 280, 281, 247, 825 237 732 768 48, 638 26, 691 33, 316 30, 283 352, 463 306, 928 315, 048 278, 051 May June July August 104. 108. 110. 112. 142. 34 144. 42 149. 25 158. 16 79. 50 79.57 80.23 83. 63 77.97 78.46 77.56 76.34 88.91 88.77 87. 28 86,, 00 77.49 77.79 76. 78 75.99 71.36 72.06 71. 05 70.66 76. 15 77.01 76. 85 74.27 98.15 102.65 98.18 102. 97 97. 47 102. 14 97.71 102. 46 103. 84 103. 50 103.40 103. 81 3.99 4.00 4.07 4.15 36, 463 30, 860 37, 273 32, 865 313,612 243, 516 237, 909 219, 278 25, 186 33, 074 32, 192 22, 143 338, 276, 270, 241, 798 990 001 421 September 115. 71 121. 39 120. 05 121.84 162. 174. 174. 177. 84.73 85.40 88.13 92.45 76.92 76.73 77.12 77.56 86. 54 86.06 86.22 86.90 76.91 76.78 77.73 72.28 70.95 70.52 70. 65 70.92 74.92 75.17 75.46 75.81 97.55 97.46 97.53 97.81 104. 102. 101. 102. 4.21 4.26 4.22 36, 886 53, 423 48, 981 42, 876 242, 657 258, 979 218, 999 230, 939 21, 066 21, 528 23,011 36,911 263, 280, 242, 267, 723 507 010 850 October... November December 1926 January _ February Miarch April 68 05 75 71 83 49 39 74 101.40 106. 92 102. 02 101.95 00 75 41 26 j _ May June | __ i i 1 Bond sales from Dow, Jones & Co.; stock sales from the Annalist. Monthly data from 1920 are given for most items in this table in the May, 1922, issue (No. 9), pp. 125 and 129. 2 Average market yield of bonds of 20 large cities at the end of each month compiled by The Bond Buyer. Averages for 1913 to 1916, inclusive, taken from Bond Buyer's Index of the Municipal Bond Market, based on period Jan. 1 to Dec. 1; subsequent yearly data are averages for the period Jan. 31 to Dec. 31. " This index, compiled as of the last day of the month by the New York Trust Co., includes 25 railroad, 10 iron and steel, 5 railroad equipment, 9 motor (including accessories), 5 rubber tire, 5 shipping, 5 sugar, 5 leather and shoe, 5 tobacco, 10 copper, 10 oil, and 9 New York bank and trust companies. 4 Prices are averages av of daily closing prices for these stocks on New York Stock Exchange, taken from the Annalist. Monthly data from 1913 are given in the December, 1922, issue (No. 16), p. 47. s These indexes are compiled by Dow, Jones & Co. from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of each6 class being capitalized at 4 per cent to give the combined index. This index, compiled as of the last day of the month by the New York Trust Co., includes 6 Liberty and Victory bonds (the 2 issues of Victory bonds being replaced at their redemption by the Treasury bonds, thus making only 5 issues), 16 foreign government and city, 20 railroads, 10 public utilities, and 5 telegraph and telephone issues, 7 Seven months' average, June to December, inclusive. 8 Five substitutions in this series in January, 1922, account for the violent change in the index. 120 Table 96.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING MUNICIPAL SECURITIES i TAXEXEMPTSECURITIES 2 Perma- Temporary nent loans loans (long (short term) term) Total outstanding, end of mo. CORPORATE SECURITIES YEAS AND MONTH Total s (Journal of Commerce) Distribution * ( Commercial and Financial Chronicle) Stocks Bonds and notes Refunding New capital 13, 652 14, 036 16, 268 16, 870 338, 234 373, 381 546, 519 732, 365 879, 929 974, 767 76, 951 79, 124 143, 410 » 43 1,837 421, 394 502, 133 $50, 883 64, 333 $174, 051 103, 646 60, 438 28, 191 129, 037 126, 375 36, 983 130, 971 16, 160 16, 268 478, 680 543, 490 574, 096 734, 854 905, 536 912, 568 919, 188 927, 568 430, 066 435, 829 440, 046 446, 429 52, 279 60, 809 64, 300 62, 267 58, 069 60, 672 45, 648 40, 205 121,361 78, 131 110,380 104, 865 53, 375 57, 620 90, 658 96, 837 16, 409 16, 370 16, 470 16, 551 777, 712 431, 200 800, 402 886, 592 935, 330 944, 995 954, 265 962, 662 454, 393 464, 874 477, 082 486, 247 63, 258 61, 034 59, 095 59, 249 38, 233 36, 358 34, 291 32, 157 187, 942 144,618 122, 683 86, 092 38, 505 98, 405 33, 480 46, 040 16, 728 16, 875 16, 974 17, 042 616, 117 1,003,270 1, 066, 860 972, 735 968, 713 975, 175 980, 638 985, 160 494, 165 501, 673 508, 800 513, 994 59, 979 58, 398 58, 333 57, 886 30, 877 29, 222 28, 043 26, 741 121, 235 85, 682 70, 336 157, 298 76, 118 93, 465 39, 827 9, 509 17, 144 17, 221 17, 266 17, 392 572, 751 989, 960 585, 422 995, 207 1,241,594 999, 415 1, 020, 548 1, 006, 685 519, 237 526, 042 534, 134 545, 559 64, 318 73, 097 77, 300 80, 052 24,688 22, 275 19, 843 15, 565 55, 341 63, 503 32, 965 42, 846 81, 590 61, 153 273, 367 361, 898 235,..256 313,994 39, 059 56, 549 8,112 59, 177 92, 561 96, 076 73, 600 120, 244 438, 197 400, 852 272, 328 341, 106 413, 404 450, 171 282, 355 411,441 95, 193 53, 382 70, 251 71, 134 77, 521 106, 172 160, 637 64, 370 218, 351 273, 097 262, 422 176,617 260, 925 311,531 348, 377 211,750 34, 947 67, 737 74, 682 29, 237 234, 096 i 74,634 278, 096 120, 932 251,381 149, 938 273, 977 161, 919 236, 053 250, 373 220, 302 356, 441 294, 309 300, 994 365, 565 474, 903 16, 379 70, 310 10, 075 43, 458 279, 267 384, 032 197, 464 310,014 50, 192 78, 257 56, 480 89, 185 262, 234 340, 190 186, 888 283, 985 473, 272 383, 645 324, 254 355, 580 70, 401 102, 701 80, 278 141,469 247, 462 208, 012 --- 321,115 191, 121 $157,935 I $225, 825 151, 828 177, 963 203, 899 194,615 214. 782 206, 291 276, 858 247, 691 287, 678 343,810 Thousands of dollars 1, 249, 920 663, 260 700, 013 780, 895 596, 227 831, 767 64, 742 115, 281 106, 629 94, 597 120, 557 1 15, 885 $89, 253 23, 271 51, 969 61,413 72, 199 109, 248 Federal War Inter- Finance med. Corporation * credit banks 7 $34, 257 $21,357 49,407 61,460 44, 037 1 43,023 j 53, 115 | 258, 911 219, 572 285, 329 300, 120 268, 262 295, 168 Joint stock land banks 6 $110,498 237, 478 $40, 268 24, 332 12, 894 24, 367 32, 704 39, 428 37, 508 1920 monthlv average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average Federal farm loan 6 banks $172, 301 120, 306 164, 915 276, 925 373, 198 183, 275 1, 056, 519 $34, 040 37, 200 41, 049 41,450 37, 078 21, 902 63. 528 $137, 145 119, 710 119 613 182 208 127, 498 112,068 251, 764 NEW INCORPORATIONS « ofdofls. 8 Thousands of dollars 1913 monttily average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average AGRICULTURAL LOANS OUTSTANDING (end of month) $5, 554 9, 506 1924 ! I September October November December - 1925 January February March April - Mav June | Julv I August 1 i September October November December _ _ _ 1926 January February March April i i 73, 642 1,040,096 14, 637 ! __ | May June _ "1 1 Sales of new seecurities by States and municipalities compiled by The Bond Buyer. The short-term loans are of a temporary character, usually replaced later by permanent2 loans. Estimated gross amount of wholly tax-exempt securities outstanding compile^, by U. S. Treasury Department. The yearly figures represent data as of December 31 of each year, except for 1913 when the figures are for Dec. 31, 1912. In 1912, 1918, and 1922, the data were based on census reports. Details as to amount held in sinking funds3 and divisions by classes are shown in the monthly statements issued by the Treasury. Data on new capital issues as compiled by the New York Journal of Commerce. Details by classes and individual issues are given in that publication. 4 Distribution of capital issues as compiled by the Commercial and Financial Chronicle, the totals here given being slightly smaller than the grand totals compiled by the Journal of Commerce. The columns "New capital" and "Refunding" include all types of financing to be used for the purpose designated. Distribution of bond issues by classes, from 1920 through September, 1924, appeared in June, 1923, issue (No. 22), page 42, and in November, 1924, issue (No. 39), page 137. Further details are given in the Commercial and Financial Chronicle. « New incorporations represent the value of the authorized capital of new enterprises, exclusive of those under $100,000, incorporated in the principal Eastern States as compiled by the New York Journal of Commerce, Monthly averages from 1913 appeared in November, 1924, issue (No. 39), p. 187. 6 These data, from the Federal Farm Loan Board, represent loans made for agricultural development secured by mortgages on land and buildings, the Federal farm loan banks being established by the Government in 12 districts, while the joint-stock land banks, of which 70 are now in existence, are private organizations. The banks were closed during the greater part of 1920, pending litigation in the Supreme Court involving the constitutionality of the Federal farm loan act, and in 1921 many loan requests could not be granted because the cessation of bond selling had depleted the resources. Monthly figures on loans closed from 1920 appeared in June, 1923, issue (No.7 22), page 47. The Federal intermediate credit banks under the supervision of the Federal Farm Loan Board are located in the same cities as the 12 Federal land banks, as follows: Springfield, Mass.; Baltimore, Md.; Columbia, S. C.; Louisville, Ky.; New Orleans, La,; St. Louis, Mo.; St. Paul, Minn.; Omaha, Nebr.; Wichita, Kans.; Houston, Tex. Berkeley, Calif.; and Spokane, Wash. These banks lend money on staple agricultural products and make rediscounts for agricultural credit corporations and livestock loan8companies. Data from the War Finance Corporation comprise advances for "agricultural and livestock purposes" under the agricultural credits acts on August 24, 1921, to banks livestock associations, and cooperative marketing associations. Figures on advancements and repayments from 1922 to September, 1924, appeared in November, 1924, issue (No.9 39), page 189; since that date new advances have practically ceased. Six months' average, March, June, September, October, November and December. 121 Table 97.—NEW SECURITY ISSUES BY CLASSES LONG-TERM REAL ESTATE BONDS CORPORATE ISSUES Purpose of issue Foreign government YEAR AND MONTH Total corporate Railroads Public Indusutilities trials Oils Shipping Land, Grand and building, etc. miscel- total laneous To finance construction Kind of structure InterAcqui- Office est Real sitions and estate and other Hotels Apart- rates comments mort- imgage prove- mercial ments Per ct. Thousands of dollars $17, 343 $38, 523 $866, 563 $54, 310 31, 490 41, 402 974, 074 38, 222 54, 607 55, 924 43, 881 27, 671 52, 818 54, 294 80, 007 25, 192 68, 248 18, 822 43, 187 94, 866 78, 358 127, 470 51, 512 15, 627 43, 517 143, 753 837, 658 23, 545 $5, 565 7,700 4,542 14, 875 21, 013 27, 958 62, 721 $25, 908 30, 970 13, 450 28, 920 23, 268 18, 956 39, 623 $13, 338 19, 940 26, 604 57, 963 1,204 66, 993 5,731 24, 600 15, 625 25, 155 29, 137 21, 640 14, 100 22, 975 4,016 6,711 13, 125 24, 075 22, 779 20, 240 10, 000 14, 950 12, 860 11,940 2,325 3,075 650 1,875 5,100 3,650 6,050 6,750 6,075 5,560 7,700 28, 025 39, 330 40, 759 42, 521 18, 000 1,200 22, 500 None. 18, 320 25, 855 26, 521 37, 938 11,419 14, 621 5,398 13, 685 17, 520 25, 605 26, 521 37, 538 17, 170 8,255 11, 266 28, 393 7,400 3,125 5,960 9,000 11, 250 2,200 72, 432 133, 532 57,111 105, 998 35,378 93, 510 54, 740 134, 284 31,811 56, 088 94, 549 40, 347 32, 200 26, 383 11, 045 3,165 17, 274 13, 710 22, 069 29, 080 17, 450 6,298 9,563 14, 085 16, 574 13, 175 21,376 27, 435 16, 074 8,175 18, 448 12, 485 500 5,000 2,525 9,550 495, 953 316, 075 279, 178 287, 849 113, 391 278, 639 119, 342 145, 507 66, 029 124, 365 116, 340 74, 131 55, 363 14, 219 23, 333 24, 160 10, 319 None. 18, 145 21, 844 27, 692 16, 375 28, 868 19, 068 10, 555 24, 342 20, 632 15, 945 18, 439 1 26,658 32, 305 18, 568 19, 112 11, 455 24, 233 15, 258 42,000 214, 000 102,000 91, 000 312, 425 418, 447 243, 368 373, 170 130, 813 107, 118 52, 714 14, 890 91, 468 133, 280 82, 018 132, 907 28, 842 56, 565 44, 247 148, 618 11, 850 32, 950 19, 625 None. 41, 803 32, 484 39, 417 47, 657 7,650 56, 050 5,347 290, 098 39,818 30, 549 38, 257 46, 557 8,000 62,500 28, 000 8,000 508, 598 503, 553 352, 606 482, 575 22, 992 112, 045 38, 833 87, 614 237, 725 205, 324 171, 557 82, 400 85, 773 94, 649 51, 962 197, 904 76, 400 18, 435 6,900 32, 731 53, 893 39, 283 60, 972 60, 561 31, 815 33, 817 22, 382 21, 365 May June July .. ... ._ August 5,943 140, 188 144, 500 8,700 295, 872 379, 269 423, 059 240, 987 48, 497 36, 527 72, 500 19, 245 122, 935 141,419 107, 853 111, 539 49, 794 23, 610 111,945 39, 978 12, 288 16, 359 40, 722 14, 547 40, 453 116, 262 63, 269 36, 994 September __ ._ October November December 61, 800 39, 650 138, 100 None. 310, 688 371, 305 376, 240 518, 359 13, 684 28, 952 6,320 35, 000 131, 081 109, 590 121, 446 182, 164 43,062 103, 919 92, 994 109, 600 20, 400 2,500 20, 757 20, 500 54, 960 96, 629 67, 297 62, 086 $36, 640 24, 250 31, 606 35, 942 20, 237 69, 000 53, 782 $228, 304 247, 192 199, 242 256, 107 269, 403 319, 881 396, 926 1923 May June _ July August 4,500 27, 000 345 40, 000 201, 707 288, 355 132, 130 133, 045 46, 927 14, 533 16, 780 25, 895 78, 385 110, 406 25, 080 47, 457 45, 466 48, 293 51, 385 6,743 September October November December 55, 000 16, 000 25, 000 None. 141, 289 230, 426 375, 041 276, 478 24, 810 78, 785 88, 092 21, 507 40, 715 70, 635 191, 771 160, 828 48, 490 170, 000 None. __ 77, 500 304, 699 265, 588 266, 113 275, 706 9,250 15, 700 10, 000 48, 065 1919 mo av 1920 mo av 1921 mo. av 1922 mo. av 1923 moi av 1924 mo. av 1925 mo. av 1924 January February March April May June July August September- ._. October November December 1935 January. __ February March April $6, 171 $2, 676 $2,404 3,499 9,723 4,354 12, 214 4,964 5,567 21, 892 9,761 8,155 6.91 6.58 6.50 6.29 12, 300 4,575 5,715 5,050 2,450 2,825 5,000 6.45 6.52 • 6. 42 6.66 3,600 18, 625 18, 950 26, 415 4,620 3,800 1,910 5,210 6,640 1,730 3,505 4,188 6.57 6.70 6.51 6.72 403 1,325 6,000 2,350 10, 500 9,750 4,075 8,500 2,075 12, 805 5,615 975 7,598 1,455 6.58 6.63 6.70 6.51 5,005 4,165 1,615 2,935 175 375 13, 787 8,515 11, 880 10, 110 3,800 2,300 1,168 3,425 3,665 4,560 11, 730 4,100 6.48 6.62 6.52 6.45 30, 038 20, 614 24, 622 27, 265 4,400 4,200 10, 735 1,301 2,300 4,590 1,000 2,510 15, 880 20, 570 17, 320 19, 905 2,795 3,215 11, 115 4, 290 8,358 3,124 5,537 10, 085 6.41 6.46 6.33 6.29 48, 373 31, 258 53, 387 51, 861 23, 338 18, 178 39, 355 35, 113 8,998 9,210 7,350 10, 708 14, 680 530 5,400 950 21, 693 7,220 25, 138 28,685 10, 275 6,320 8,115 3,763 11, 268 4,058 7,602 7,888 6.40 6.48 6.27 6.28 21, 906 45, 093 26, 769 18, 684 39, 853 108, 195 60, 099 36, 428 30, 855 59, 244 37, 004 21, 180 4,553 27, 091 9,420 11, 515 1,550 10, 405 8,145 650 23, 462 37, 745 13, 756 10, 175 2,000 23, 365 16, 655 5,705 9,801 7,855 6, 630 6,970 6.29 6.25 6.26 6.39 47, 500 29, 714 67, 426 109, 010 51, 808 90, 839 65, 647 57, 808 16, 350 39, 880 45, 240 34, 130 13, 330 31, 753 9,620 7,803 13, 068 11, 640 10, 375 9,405 11, 270 37, 515 27, 090 18, 953 8,755 8,393 12, 795 10, 995 7,025 5,130 10, 165 13, 470 6.16 6.25 6.14 6. 31 $8, 452 $1, 066 $2, 209 13, 014 2,157 3,696 19, 001 4,328 1,057 33, 322 12, 613 7,233 1936 January February March April „ May June "T i From the Commercial and Financial Chronicle, showing new financing in the United States. Corporate financing includes both stock and bond finances, and foreign as well as American corporations. The industrial group comprises the following classifications given in the detailed statements: Iron, steel, coal, copper, etc.; equipment manufacturers; motors and accessories; rubber and miscellaneous industrials. The data on long-term real estate bonds which represent only those put out by mortgage bonding houses, have been segregated from detailed figures of individual issues in the land and building group as given in the Chronicle, eliminating data on stocks and short-term bonds. These latter items, however, were shown in the September, 1925, issue (No. 49) of the SURVEY, p. 25, together with interest rates on the short-term bonds and the data shown here on long-term bonds extending back to January, 1922. In the classifications shown above by purpose of issue and by kind of structure, the miscellaneous group, making the difference between the totals of the three classes shown and the grand total, has been omitted. The interest rates shown are the average coupon rates on the long-term real estate bonds issued during the month. 122 Table 98.—BUSINESS PROFITS AND LOSSES DIVIDEND AND INTEREST PAYMENTS BUSINESS FAILURES ^ Total rfnS^lfS" 1 Trade estabcommercial i s „:*,';; lishments iijicima Agents and brokers ; Dividend payments 2 Banks (quarterly) Liabil- Firms ities Liabil- Firms Liabil- F irms ities i ities Total dividend and interest If ™- Firms Liabilpay- 2 ities Firms! ments Thous. Numof dolls. ber Thous. Num- Thous. Numof dolls. ber of dolls. ber Thous. Numof dolls. ber 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 1918 monthly a v 1919 monthly av $22, 818 29, 821 25, 106 16, 354 15, 203 13, 590 $10, 366 9,442 1,336 1,523 1,846 1,415 1,154 832 538 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly av 24, 593 52, 361 51, 989 44, 885 45, 269 36, 979 740 1,638 1,973 1,560 1,718 1, 768 10, 666 19, 488 17, 910 23, 379 23, 847 13, 974 YEAR AND MONTH Aver- i age Induspaytrial! Steam Street ments and railon : railmiscel- roads ways induslanetrial ous stocks (qtly)3: Total Thous. Numof dolls. ber Dolls, i per Thousands of dollars share i 1934 Jauuarv February March April 11,312 9,335 6, 083 6,628 6,121 4,301 353 $9, 583 385 13, 805 426 12, 436 349 | 7, 616 5, 843 308 230 4, 825 155 3, 139 929 1,071 1,336 994 7,380 461 1,166 1,410 1,089 1,189 1,263 220 375 473 414 434 424 $2, 869 4,704 3,335 2,655 2,732 786 541 334 21, 232 22, 615 17, 495 16, 933 17, 947 2, 644 2,002 6,547 11, 641 11, 465 4,012 4, 439 5,058 54 67 84 73 61 60 48 « $7, 887 14, 001 59 96 89 57 85 80 12, 675 43, 254 19, 434 50, 934 50, 731 41, 174 2, 108 i 1,730 1,817 ! 1,707 28, 875 16, 478 72, 838 23, 137 505 398 484 438 19, 525 17, 598 19, 240 18, 719 1, 538 1,250 1,154 1,178 2,872 36, 591 34, 099 36, 813 55, 154 1,816 1,607 1,615 i, 520 ' 17, 157 16, 646 20, 022 29, 924 507 439 416 414 15, 346 14, 810 12 421 16, 361 1,215 1,054 1,124 1,024 3, 488 2,643 4,370 8,869 94 84 75 82 36, 099 31, 124 45, 279 1,306 1,698 1,653 2, 040 19, 468 15, 619 10, 252 15, 753 360 411 361 475 10, 126 16, 122 15, 782 27, 141 883 1,186 1, 193 1,464 4,702 4,357 5,090 2,385 63 99 99 101 1925 January February March April 54, 354 40, 123 34, 005 37, 189 2, 317 1,793 1, 859 1,939 11,909 480 409 429 430 ; 24, (555 21, 067 17, 595 21, 536 1, 757 1,285 1, 345 1, 427 17, 790 15, 334 13, 375 13, 097 89 99 85 82 IMay June July August 37, 027 36, 701 34, 505 37, 159 1,767 1,745 1,685 1,513 18, 184 16, 159 10, 932 22, 339 400 15, 820 431 1 17'213 418 j 15, 961 365 13, 460 1,286 1,229 1,184 1,069 3,023 3,329 7,612 1, 360 81 85 83 79 September October November December 30, 687 29, 544 35, 922 36, 528 1,465 1, 581 1,672 1,878 8, 167 11, 264 13, 994 12, 931 338 408 442 490 1, 015 1,111 1, 146 1,307 7,530 4,750 3,022 2,962 62 62 84 81 43, 661 2,296 __ _ September . _ _ October November December.. _ 1936 January February March April May June $148, 103 148, 948 54 155, 426 33 177, 919 12 12 | 199,. 095 227, 061 6 265, 764 12 9,306 1,598 4,614 1, 284 4, 131 so : 102 69 144 153 116 $69, 838 68, 481 66, 019 77, 176 89, 856 85, 184 79, 745 284, 573 278, 484 283, 310 298, 768 320, 049 339, 777 $4, 906 53,788 48,264 $24, 733 24, 549 23, 613 26, 095 26, 038 24, 135 23, 705 80, 248 1 50, 140 76, 965 45, 200 77, 554 I 43,723 45,120 80, 271 84, 391 47, 181 49, 432 88, 838 23, 832 23, 668 23, 508 24, 093 25, 100 26, 258 6,074 $38, 527 36, 530 36, 374 44, 986 56, 542 : $5.23 5.36 3,45 5.09 6.68 6. 19 5.85 5,368 5,149 6,020 6,493 6, 318 5,977 6.59 4.94 4.40 5.46 5. 55 7.09 5, 970 5,902 6,313 7, 008 7, 777 i 51, 273 35, 942 97, 651 48, 904 May June July August ^30 _. 34, 296 14, 990 13, 530 18, 907 20, 635 ' ! . .... " 1,865 5,573 7, 049 3,722 3,035 2,556 05 82 79 91 100, 276 265 163 52, 953 21, 543 28, 154 420, 420 185, 580 319, 850 386, 250 62,395 151, 335 76, 680 | 41,900 84, 059 49, 750 58, 375 92, 725 25, 765 28, 130 30, 100 24, 200 15,600 316, 475 305, 925 400, 050 199, 075 56, 475 65, 025 107, 750 80, 575 27 975 39, 075 5, 400 3, 900 44, 500 23, 100 22, 050 29, 350 31, 250 62, 265 ! 41, 500 63, 500 97, 350 67, 300 29, 500 52, 400 71, 150 16, 250 24, 450 32, 200 14, 350 80 315,265 105 402, 250 288, 300 301, 150 458,625 [ 158, 125 43, 926 144 42, 859 111 11,613 46 66, 301 79, 300 87, 950 94, 450 j 201, 000 333, 350 404, 820 163 i '• i i i i i 6, 100 4, 400 27, 150 29, 075 31, 250 25, 025 16, 800 7,125 5. 65 4,825 9,475 24, 075 23,450 6,050 4,500 30, 510 32, 275 10, 900 5,115 318, 775 427 220 309, 395 322, 323 67, 525 102, 920 73, 595 74, 970 44, 900 66, 365 32, 350 54, 575 17, 250 25, 905 33, 950 15, 180 509, 250 166, 500 67, 995 28, 775 6.52 6.55 5,375 6.95 10, 650 7,295 8.32 5,215 18, 015 | ! ij •.'• i i 5.55 4, 515 9,400 29,600 1 j 5.25 9,950 4,825 40, 650 58, 915 46, 300 | 5.75 9, 150 59, 725 68, 600 115, 200 83, 690 ! . 64, 609 43, 100 51, 875 59, 950 4,200 328, 225 323, 100 437, 900 212, 590 i; .-I- j - 55,300 6, 650 i i ! ii * Compiled by Dun's Review; for annual data in greater detail,see April, 1924, issue of the SURVEY (No. 32), pp. 57-59. Monthly data on total commercial failures from 19132appeared in December, 1923, issue (No. 28), p. 53; monthly data on all classes from 1921 appeared in June, 1924, issue (No. 34), p. 55. Data compiled by New York Journal of Commerce. "Total dividends" include bank dividends not separately shown for those months where such payments are reported. The total interest payments may be obtained by subtracting total dividends from total interest and dividend payments. Monthly data for total dividend and interest payments covering the period 1913"to 1921 appeared in the September, 1922, issue (No. 13), of the SURVEY, p. 51 (figure for July, 1917, should be $333,011 instead of $633,011); and for dividends, classified, covering the same period, in the October, 1922, issue (No. 14), p. 46. 3 Average dollar dividends paid on industrial stocks compiled by the Cleveland Trust Co. for the industrial stocks included in the Dow-Jones index of stock prices, comprising 12 stocks from 1900 through 1914 and 20 stocks from 1915 through 1924. The figures are unweighted averages of the amount of dividends paid per share for these stocks in each quarter, reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44), p. 49. 4 Yearly data are quarterly averages. 123 Table 99.—CORPORATION PROFITS AND STOCKHOLDERS NET PROFITS i Ci Hailroad and telephone i STOCKHOLDERS 2 TJ. S. Steel Corp. (common stock) Pennsylvania R. B. Co. Industrial American Telepn, & Teleg. Co. •M -f, Mo tors and accessories | Telephone Railroads ®a *1 = if t 3 YEAR AND QUARTER 3"o i "2£ M \ h£ i0 *.S § 5* 1 QC PIS 'O © •s * 1 Domestic 1913 quarterly av 1914 quarterly av 1914 quarterly av 1915 quarterly av 1917 quarterly av 1918 quarterly aV 1919 quarterly av ! i ! i \ ; : ' ' ; ! ! ; i 403 391 34 38 245 247 125 106 41 29 33 25 12 13 16 20 9 9 : |l 5 ! 5 ; i i | i 1 i | 1921 March "" i J une September, . "" i i J December _i ' • 1 .i " " - - - • • ) - *. i ___ ._ .. ; ' - -- i ! | 1 : It 9 8 ; i ' 1 i | | _ Deeernbor i 11,258 11,839 11,816 6,884 2, 235 | 1, 773 1,727 41, 436 47, 777 3 4.2, 020 39, 365 44, 531 64, 314 73, 510 1, 529 1,697 3 1, 980 939 1, 191 1,484 1,475 51.48 46. 73 45.87 55. OS 51. 88 43. 22 40. 65 53, 205 56, 932 62, 279 67, 504 78, 597 96, 035 115,482 1, 041 1, 175 1,270 1,187 999 1, 143 1, 239 126, 424 138, 450 136, 181 138, 846 142, 718 144 380 1,500 1,743 I 2,869 2,847 2,925 2, 968 88, 085 104, 621 97, 580 94, 489 96, 081 91, 043 1,300 1, 341 1,380 1, 431 1,557 1, 511 30. 35 22.45 24.36 22.76 22.97 26.31 131, 163, 217, 265, 322, 353, 643 703 599 638 693 217 1,267 2,013 2, 297 2, 644 3,086 4, 046 1 i 1 '< 72,714 78, 682 81, 603 85, 343 93, 331 102, 798 11 1,3 1« j j T Number ! I ; 1930 March.... June September _- T)fiC6'mbfiT' ' 1,337 1, 320 1, 287 1, 256 33. 46 32.09 30. 09 25. 17 122, 131, 134, 137, 999 558 112 901 1, 173 1,173 1, 174 1, 547 093 976 355 061 1,283 1, 334 1, 368 1, 379 24.27 22. 61 21.49 21.44 144, 153, 172, 183, 716 649 770 676 1, 774 1,953 2,146 2,180 2,915 2,888 2,851 2,820 105, 261 97, 989 94, 789 92, 281 1,399 1,370 1,384 1, 365 22.02 24.09 25. 05 26.28 195, 608 201,303 228, 592 246, 494 2,217 2, 233 2, 309 2,431 121, 326 124, 943 127, 768 131, 659 1,595 1,525 1, 472 1,409 137, 007 139, 702 138, 243 138, 847 1,386 1,373 1,362 2, 852 103, 103, 105, 106, 138, 895 136, 940 134, 279 134, 609 82, 246 85, 909 89, 665 94, 520 : 1923 March June September Dpcernber.- 338 451 432 392 185 262 277 255 36 35 30 35 117 154 125 102 38 47 30 20 27 47 43 46 18 22 16 8 12 13 12 11 1934 March. __ June September December 378 332 410 443 203 188 287 309 35 37 36 43 140 107 87 91 34 22 20 22 46 30 18 21 26 20 18 15 376 447 204 234 44 46 128 167 37 61 34 34 20 28 1925 March. _ June September |---r — ' i Foreign i ._ | : 1 Domestic Per ct. of total 1 ! -|| 1920 quarterly av 1921 quarterly av i 1922 quarterly av 1923 quarterly av. .. 1924 quarterly av 1925 Quarterly av 1932 March June . September I !i Foreign Domestic Number Millions of dollars I j Foreign Shares held by brokers _ _ i Deoember 1926 March June j 10 5 4 6 5 3 8 8 9 9 136, 247 137, 156 138, 581 141, 348 2,814 2,843 2,852 2,880 92, 711 91, 593 95, 462 98, 189 1, 355 1, 351 1,481 1, 536 26.24 23.34 20.83 20.62 255, 421 260, 446 269, 762 269, 923 2, 524 2,603 2,719 2,729 11 13 14 12 9 9 8 9 5 5 4 4 9 8 5 8 142, 339 142, 965 143, 307 142, 261 2,987 2, 901 2,903 2,913 97, 135 97, 577 94, 904 94, 708 1, 542 1,549 1, 558 1,577 22.39 20.45 22.82 26.21 296, 738 314, 227 338, 183 341, 625 2,760 2,875 3, 199 3,508 11 15 12 12 5 6 9 11 143, 146, 145, 141, 2,939 2,966 2,981 2,986 92, 552 91,910 90, 651 89, 057 1,490 1, 525 1,526 1,504 26.81 25.45 25.39 27.60 345, 354, 355, 357, 3,740 3,994 4,102 4,347 10 11 224 988 583 725 451 279 895 242 I i 1 1 Compiled by the Federal Reserve Bank of New York from quarterly reports of net profits of 365 companies, consisting of 193 Class I railroads, 70 telephone, 17 motor and accessories, 13 oil, 14 steel, 13 food, 15 metal and mining, 11 machine manufacturing, and 19 miscellaneous companies. 2 These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the respective companies and represent the number of holders of common stock at the end of each quarter, i. e., December figures are for December 31 or January 1. 3 December 31 figures; other quarters of 1915 not available. 124 Table 100.—FOREIGN EXCHANGE 1 [Relative numbers for base year in bold-faced type; numerical data on opposite page] England YEAR AND MONTH France Italy THE AMERICAS ASIA EUROPE Switzerland Nether- SweBelden gium lands Japan INDEX NUMBER 3 India * Canada Argentina Brazil Chile 100 100 100 100 100 4 100 72 73 77 78 82 115 88 Relative to par 100 95 100 101 97 99 109 119 98 98 99 102 103 107 103 83 96 98 100 103 104 103 86 84 96 97 95 100 76 84 98 99 99 100 88 90 99 94 94 100 101 97 96 97 83 82 80 54 59 64 65 75 89 90 99 98 99 100 94 76 85 81 81 95 69 40 40 31 35 38 95 62 63 63 54 59 65 62 69 65 60 25 26 25 24 98 97 95 95 99 99 98 98 93 93 91 90 98 98 97 94 63 64 63 64 98 99 98 98 78 76 74 75 30 29 27 29 63 60 57 55 63 63 61 60 23 23 22 23 22 20 20 27 93 93 92 93 98 98 98 98 90 90 90 91 90 91 86 82 63 62 61 63 97 97 97 98 76 79 79 78 34 37 35 35 53 52 50 54 59 58 58 63 30 27 26 28 23 23 22 23 25 24 24 26 93 93 94 97 99 99 99 99 92 92 94 97 81 82 83 83 63 63 68 68 98 98 99 100 77 77 77 79 34 33 31 31 56 54 52 51 62 60 59 61 92 92 95 97 27 27 27 28 23 23 22 22 25 25 25 26 96 97 100 100 99 99 100 101 98 99 100 101 83 78 77 77 68 69 71 72 100 100 100 100 83 87 89 92 31 35 35 35 53 57 58 58 61 61 61 62 98 98 98 99 28 27 27 27 22 21 21 21 28 26 26 26 100 100 99 100 101 101 101 100 100 100 100 100 77 78 82 84 73 73 73 73 100 100 100 100 94 94 93 90 36 35 34 33 58 55 67 57 64 64 63 63 May June July August 100 100 100 100 27 25 24 24 21 20 19 19 26 24 24 23 100 100 100 100 100 100 100 100 101 101 101 101 84 82 82 82 74 75 75 75 100 100 100 100 93 95 95 95 32 34 35 37 58 58 60 61 63 September October November December 100 99 ! 100 100 24 23 21 19 21 21 21 21 23 23 23 23 100 100 100 100 100 100 100 100 100 100 100 100 82 82 85 87 75 75 75 75 100 100 100 100 95 97 98 98 42 46 45 44 62 62 63 63 Par 1914 1915 1916 1917 1918 1919 value average average average average average average __ 1920 average 1921 average 1922 average 1923 average 1924 average 1925 average . -- 100 106 98 98 98 98 91 100 103 94 88 90 92 71 10O 101 87 80 71 69 59 66 97 75 79 91 94 9i 99 36 39 42 32 27 25 26 22 25 24 23 21 38 38 40 27 24 25 93 93 90 90 30 31 29 27 23 23 23 23 88 89 88 89 24 23 24 32 90 89 90 92 100 100 100 ! 1923 September October November December January February March April _ _ ._ 1924 _ -- May June July August - September October November December - . 1925 January February March April . - -- ! 1926 January February M^arcb April 1 I May June I See footnotes on opposite page also 1 Daily averages of noon rates for cable transfers reported to the Treasury daily by the New York Federal Reserve Banlt. Average figures for the years 1914 to 1918, inclusive, where given, are weekly averages of commercial quotations from the Annalist. For figures on Germany, which have now been discontinued owing to almost complete collapse of the mark, see August, 1923, issue (No. 24), p. 183. Monthly figures on all items back to 1920 may be found in the May, 1922, issue (No. 9), p. 135. 2 Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents. 125 Table 101.—FOREIGN EXCHANGE [Base year in boldfaced type; relative numbers on opposite page] EUROPE England YEAR AND MONTH France Italy Nether- Sweden Switzerland lands Bel- gium Rate per Rate per Rate per Rate per Rate per Rate per Rate per pound guilder krone franc franc lire franc sterling .403 .956 .226 .504 . 482 .478 .486 .412 .410 .389 .262 .287 .311 .318 .363 .893 .896 .985 .980 .987 1.000 .907 .730 .818 .786 .782 .914 .225 . 131 .129 .102 .113 .122 .185 .121 .122 .122 . 106 .116 .179 .179 .176 .175 .486 .488 .484 .470 .306 .311 .309 .310 .977 .986 .981 .976 .749 .737 .712 .723 .097 .095 .088 .093 .124 .118 .111 .107 .262 .262 .263 .264 .173 .174 .173 .176 .449 .454 .429 .409 .305 .303 .299 .304 .974 .969 .970 .981 .737 .765 .766 .748 .109 .120 .115 .112 .104 .101 .098 .105 .374 .374 .379 .388 .265 .265 .266 .266 .177 .177 .182 .188 .402 .411 .414 .413 .306 .305 .313 .323 .983 .984 .993 .999 .746 .739 .741 .767 .110 .108 .099 .099 .110 .106 .101 .100 .049 .048 .048 .050 .385 .391 .401 .404 .266 .266 .268 .270 .189 .192 .193 .194 .406 .388 .385 .384 .325 .337 .344 .353 .999 1.000 1.000 .997 .800 .836 .855 .883 .101 .112 .155 .115 .104 .111 .113 .113 .042 .041 .041 .041 .051 .051 .051 .051 .404 .402 .399 .400 .270 .270 .270 .269 .193 .193 .193 .193 .385 .391 .410 .418 .357 .357 .357 .356 .997 .999 .999 .999 .911 .903 .897 .869 .117 .113 .110 .106 .114 .108 .111 .112 .052 .048 .047 .047 .041 .038 .037 .037 .050 .047 .046 .045 .402 .401 .401 .402 .268 .268 .269 .269 .194 . 194 .194 .194 .419 .408 .411 .410 .362 ,365 .366 .366 1.000 1.000 1.000 1.000 .902 .913 .918 .917 .103 .109 .114 .121 .114 .113 .117 .119 .047 .044 .040 .037 .041 .040 .040 .040 .044 .045 .045 .045 .402 .402 .402 .402 .268 .268 .268 .268 .193 . 193 .193 .193 .408 .410 .423 .432 .366 .366 .366 .366 1.000 1.001 1.001 1.000 .917 .934 .944 .942 .135 .148 .146 .142 .120 .121 .122 .122 .128 .391 .255 1920 average 1921 average. ._ 1922 average 1923 average 1924 average 1925 average 3.66 3.85 4.43 4.57 4.42 4.83 .070 .075 .082 .061 .052 .048 .050 .043 .048 .046 .044 .040 .074 .074 .077 .052 .046 .048 .344 .336 .385 .391 .382 .402 .205 .225 .262 .266 .265 .269 4.54 4.52 4.38 4.36 .059 .060 .055 .053 .044 .045 .044 .043 .049 .051 .047 .046 .393 .391 .380 .380 1924 January February March. __ _ _ _ April 4.26 4.31 4.29 4.35 .047 .044 .047 .062 .043 .044 .043 .044 .042 .038 .039 .052 May June July.. August 4.36 4.32 4.37 4.50 .058 .053 .051 .055 .044 .043 .043 .044 4.46 4.49 4.61 4.70 .053 .052 .053 .054 4.78 4.77 4.78 4.80 _ .. _ . .. 1925 January . . February March . April May . _ June July August.. _ ._ September.. ... October. __ November December per Rate per Rate per Rate per Rate paper gold milreis dollar peso peso .234 .236 .249 .253 .267 $0. 193 . 194 .187 .191 211 .229 .190 .. Chile .941 .964 .997 .999 .990 $0. 193 September October November December Brazil 4 $0. 195 $0. 193 .195 .169 .155 .137 .134 .114 ... Rate per Rate per yen rupee Canada Argentina 10. 324 $0. 193 .199 .182 .170 .174 .178 .137 . India - $0. 965 $4.87 5. 14 4.78 4.76 4.76 4.76 4.43 1923 September October. _ . November December Japan $1. 000 Par value _ 1914 average 1915 average 1916 average 1917 average 1918 average 1919 average. _ . ... THE AMERICAS ASIA $0. 268 |0. 499 .491 .495 .507 .513 .533 .512 $0. 487 .169 .174 .191 .181 .182 .193 .365 .264 .263 .263 .374 .374 .371 .372 .049 .046 .046 .050 .044 .044 .043 .043 .054 .053 .052 .052 4.85 4.86 4.86 4.86 4.85 4.84 4.85 4.85 $0. 403 1926 January February March _ April May .. June _. ! 1 See footnotes on opposite page also 3 The foreign exchange index number recently computed by the Federal Reserve Board is based upon the average rates of exchange for 17 countries, Germany excluded, and is here substituted for the weighted geometric average previously published. The index represents the "aggregative " average of cable transfer rates on these countries and is based on the total volume of imports and exports of merchandise, gold, and silver from and to each country for the preceding 12 months. The countries used in computing the index are Belgium, Denmark, England, France, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, Canada, Argentina, Brazil, Chile, China, India, and 4Japan. The method of computation and the reasons for the change are explained i Average value of the paper peso in 1913. 126 Table 102.—IMPORTS BY GRAND DIVISIONS irwrnwr FROM WTinnvw EUROPE rw ~f£" | Italy many France Total YEAR AND MONTH FROM SOUTH AMERICA FROM NORTH AMERICA FROM ASIA AND OCEANIA FROM AFRICA GRAND ! TOTAL United King- Canada Total dom Argentina Total Japan || Total Total Thousands of dollars $32,485 $11,844 36,783 : 13, 6(;9 42,455 j 14, 800 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly average. . average. average. . average. . average. . average. . average. . $72,058 65, 293 45, 529 52,, 776 45, 929 26, 510 62, 544 $11, 578 8, 685 6, 493 9,074 8, 220 4, 959 10, 318 $15,351 12, 449 3, 746 485 13 26 884 $4, 610 4, 601 4, 297 5, 020 $22,663 23,949 i 25,457 | 54, 870 19, 771 3,040 23, 340 2, 028 4, 922 12,385 72,665 81,218 ! 34,473 37.641 25, 7G6 6, 481 1920 1921 1922 1923 1924 1925 average. average. average. . average. average. average. - 102, 320 63, 745 82, 600 96, 421 91, 341 103, 153 13, 805 11, 824 11,901 12, 468 12,303 13, 119 7,403 6,690 9,791 13, 433 11, 605 13, 688 6, 280 o, 191 5, 328 7, 689 6, 251 8,517 42,821 138, 555 62, 904 (58, 538 83. 460 82, 930 monthly monthly monthly monthly monthly monthly 21, 525 ! 19, 900 29, 739 33, 673 30, 539 34, 360 81,787 ; $10, 522 19, 127 20, 857 35, 634 49, 902 $2, 131 4, 690 7,890 9, 691 14, 855 19, 032 16, 597 50,911 $26, 344 26, 265 30, 489 50, 865 71, 455 85, 837 99, €96 $8, 245 15, 174 21, 139 25, 162 34, 154 i $1, 978 1,638 2,887 i 5, 158 6, 089 7,126 9,349 123, 058 54, 447 72, 955 89, 918 81,638 111,465 34, 548 20, 939 29, 525 28, 912 28, 338 32, 009 12, 524 3,365 5,410 7,255 6, 083 7, 679 8,808 9,026 «.** 57, 294 50, 989 27, 953 30, 337 34, 667 33, 202 37, 897 63, 417 24, 635 29, 897 38. 952 38. 840 43, 249 17,315 4,994 35,638 49, 401 36, 443 32, 105 29, 157 16, 875 12, 579 10, 670 6, 017 107, 092 33, 113 35, 331 36, 038 35, 794 99,012 24,111 90, 582 88, 438 7,140 9, 606 6, 275 6, 681 $149,383 ! 149,106 148,216 1 199, 303 i 246, 039 252, 601 325, 364 439, 873 209, 096 259, 396 316, 006 300, 247 352, 333 i 1 1923 372. 545 j 320, 234 287, 434 275, 438 71, 013 75, 890 84, 580 82, 506 26, 365 24, 430 28, 783 32, 844 2, 854 2,843 5, 065 7, 593 253, 645 308, 291 291, 333 288, 305 11,359 7,444 82, 679 92, 438 66, 595 104, 502 34, 812 26, 128 16, 113 24, 728 11, 686 7,389 9,880 7,033 39, 302 38, 368 41, 368 34, 423 7,511 7,108 6, 494 4, 258 83, 537 70, 599 71, 425 67, 314 27, 184 21, 825 26, 763 29, 610 3,203 4, 834 | 2,947 2,848 | 31, 297 33, 729 35, 059 36, 570 30, 632 42, 103 5, 442 4, 700 4, 582 1 6, 294 80, 667 82, 920 80, 979 97, 365 35, 601 28, 364 39, 626 3, 043 , 4,128 4,156 11,829 287, 144 j 310, 752 ! 296, 148 333. 192 77, 546 83, 219 91, 297 93, 352 32, 950 33, 651 34, 444 33, 120 : 42, 253 44, 053 58, 451 46, 661 6, 523 10, 212 112,928 8,584 11.353 1 113,397 33, 284 23, 181 28, 291 23, 891 10, 651 13, 044 10, 245 10, 105 346, 165 333, 457 385, 379 346, 091 89, 132 85, 234 76, 188 71, 706 37, 560 ! 37, 320 ! 32, 848 37, 022 3, 823 5, 799 5, 249 5, 152 108, 585 107, 514 111,992 119,732 22, 567 24, 215 32, 133 35, 727 4, 753 6,694 3,263 6,567 327, 519 325, 216 325, 648 340, 086 76, 548 81, 987 75, 868 79, 338 5, 603 ! 123, 239 ! 133, 989 131, 459 145, 047 47, 970 39, 079 37, 242 39, 177 o, 526 3, 506 7,788 9,989 349, 954 374, 074 376, 638 397, 945 28, 152 24, 321 104, 820 89, 609 77, 486 69, 396 5,822 26, 132 32, 823 27, 634 28, 995 66, 575 86, 904 73, 427 67, 846 33. 116 37, 850 38, 452 35, 936 27, 830 36, 980 34, 923 37, 150 3,993 30, 835 34, 503 75, 167 98, 736 113, 8R3 94, 363 31, 954 32, 819 35, 750 33, 174 37, 967 36, 391 44, 940 34, 525 4,099 26, 129 24, 482 23, 053 | 25, 870 92, 099 80, 025 80, 782 70, 051 33, 355 33, 037 32, 123 30, 279 32, 700 36, 530 35, 675 39, 338 73, 953 75, 124 71, 177 69, 217 35, 178 33, 893 40, 151 31, 377 9,206 7,036 31, 575 26, 644 33, 196 6, 046 32.312 6, 724 31, 288 9,680 37,717 9, 323 42, 342 36. 746 May June July August 102, 217 89, 665 83, 171 84, 505 12, 300 10, 683 9,818 11,030 12, 762 12, 092 13, 166 13, 777 September... October .. November .. December 85, 374 105, 673 93, 338 93, 210 10, 542 15, 917 12, 756 13, 184 13, 742 15, 727 13, 350 13, 673 9, 248 10, 704 1934 January February M^arch April 87, 989 98, 735 85, 205 83? 868 10, 787 13, 543 13, 250 12, 708 11, 246 12, 706 9,483 9,525 5, 992 5, 579 5, 402 7, 198 May June July August 84, 247 80, 175 82, 071 79,907 11,275 9,393 10, 725 11, 059 9,831 10, 511 12, 527 11, 869 5, 004 4, 832 September October November December 98, 849 106, 477 97,911 110, 654 12, 620 14, 123 13, 729 14, 437 13, 157 13, 701 11, 909 12, 794 5, 776 9,019 7, 989 1925 January February March ._ April 102, 806 100, 968 112, 097 98, 006 13, 924 14, 880 14, 153 11,816 11,402 12, 077 13, 080 11, 506 8,463 8,262 92, 097 88, 702 93, 069 100, 547 10, 405 10, 016 9,841 14,287 9,514 11,247 13, 820 13, 770 i 100, 370 115, 834 118, 231 115, 642 12, 843 15, 675 14, 492 15, 257 15, 067 15, 703 15, 728 21, 287 . 30, 179 31, 948 9,015 i 5,505 : 4,089 3,944 44, 039 5, 769 6, 999 5, 729 5, 646 31,914 8,778 218,460 28, 893 5,049 4, 108 5, 289 | 3,670 4,256 6, 008 295,506 | 332, 323 320, 482 324, 291 302, 988 274, 001 278,594 j 254, 542 ! 1 May June i July ' August - - - S opt ember October November December -- -- 9,073 9,512 9,986 8, 514 9,452 41,925 44, 127 38,915 i 41,487 36, 282 41, 932 37, 356 i 47, 115 43, 233 42, 676 44, 321 38, 789 43, 319 47, 929 29,308 91, 072 4,003 6,714 7,146 100, 574 i 1926 1 i January February M^ arch April ML ay June - _..J .. i '•- | i ._ ! ' j i • i ...J _ _ _ J i' i i -„... i ! ! ! 1 ,• ! l i ' i : 1 1 ._.. j| 1 1 ! 1 Compiled by the "U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to and including May, 1921, import values represented "actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence exported, including the value of all containers and coverings, whether holding liquids or solids, and all other costs, charges, and expenses incident to placing the merchandise in condition, packed ready for shipment to the United States." (Tariff act of 1913). Beginning with June, 1921, the import values are either the actual foreign market value, as defined above, or "the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tariff act of May 27,1921.) 127 Table 103.—EXPORTS BY GRAND DIVISIONS TO NORTH AMERICA TO EUROPE YEAR AND MONTH Total Germany France Italy United Kingdom TO SOUTH AMERICA | TO ASIA AND TO OCEANIA | AFRICA GRAND TOTAL Total T«tal iotal Canada Argenj tin a Total Japan Total $5, 208 3,479 j 3,811 9,096 15, 528 22, 815 30, 530 $2,411 2,110 3,095 4, 501 4,282 4,933 8, 160 $207, 002 176, 135 296, 223 456, 887 519, 459 512, 424 660, 085 Thousands of dollars 1913 monthly average. . $124, 964 1914 monthly average. _ 111, 608 1915 monthly average. . 214, 451 1916 monthly average.. 317, 773 1917 monthly average.. 338, 538 1918 monthly average. . 321, 558 1919 monthly average. . 432, 306 $12, 827 14, 175 41, 733 71, 735 78, 399 77, 600 74, 447 $°9 328 13, 191 981 188 2 () 3 () 7,730 $6, 556 8,161 22, 477 25, 294 34, 920 41, 015 36, 890 $49, 228 49, 984 99, 870 157, 282 167, 450 171, 774 189, 880 $50, 098 40, 132 46, 567 77, 046 105, 081 110, 457 107, 983 $33, 599 25, 885 28, 754 50, 409 69, 077 73, 906 61, 187 $12, 210 7, 584 12,011 18, 356 25, 991 25, 226 36, 812 $4, 582 2,261 4,403 6,406 8, 925 8,759 12, 992 $17, 319 14, 700 20, 009 39, 211 45, 567 50, 250 74, 775 372, 174 196, 992 173, 613 174, 451 203, 775 216,874 56, 349 18, 745 22, 247 22, 678 23, 472 23, 358 25, 953 31, 027 26, 343 26, 403 36, 702 39, 195 30, 980 17, 955 12, 575 13, 961 15, 596 17, 096 161,319 78, 510 71, 319 73, 527 81, 912 85, 990 160, 764 94, 132 76, 305 90, 514 90, 837 95, 029 80, 988 49, 473 48, 057 54, 327 52, 003 54, 230 51,993 22, 777 18, 840 22, 443 26, 188 33, 550 17,811 9, 236 7, 962 9,398 9, 758 12, 397 86, 932 53, 782 45,910 54, 827 55, 925 50, 243 31, 495 19, 620 18, 200 22, 019 20, 859 18, 976 13, 806 6,071 4,648 5,056 5,858 7,420 685, 668 373, 753 319, 315 347, 291 382, 582 409, 116 May June July August 138, 344 139, 920 127, 295 136, 763 20, 524 19, 710 16, 578 18, 537 22, 969 18, 983 24, 934 23, 260 9, 914 13, 083 9,148 8,929 48,400 55, 047 45, 006 53, 001 103, 968 99, 485 95, 371 99, 050 66, 084 62, 459 58, 856 60, 579 22, 447 24, 705 23, 604 24, 420 10, 275 11, 094 9, 604 11, 783 46, 762 50, 560 50, 358 45,911 19, 890 16, 992 18, 220 13, 139 4, 838 5,287 5, 559 4, 822 316, 359 319, 957 302, 186 310, 966 September. October November December.- 201, 988 214, 067 218, 491 246, 337 25, 082 30, 510 31,361 29, 979 31, 541 32, 802 28, 105 32? 395 15, 751 19, 176 18, 231 19, 839 90, 002 89, 221 101, 510 122, 995 97, 974 89, 910 84, 807 79, 918 60, 227 51, 719 45, 744 45, 339 21, 543 21, 875 23, 412 19,230 8,474 8, 593 9,215 6,308 55, 162 68, 663 70, 131 76, 165 22, 248 27, 277 35, 031 37, 756 4,767 4,703 4,643 5, 016 381, 434 399, 199 401, 484 426, 666 1924 January February March April 202, 668 200, 746 169, 352 180, 279 23, 195 19, 946 21, 879 19, 915 40, 966 49, 088 36, 057 32, 874 16, 858 15, 889 13, 127 15, 226 84, 863 74, 154 57, 005 65, 712 74, 557 77, 390 86, 170 84, 782 40, 752 45, 013 49, 230 48, 325 23, 874 24, 453 23, 217 25, 206 8, 959 8,728 8,295 8,903 87, 034 42, 559 56, 635 49, 288 47, 637 20, 837 21, 629 13, 953 7,039 5,451 4,381 7,381 395, 172 365, 782 339, 755 346, 936 Misty June July August 162, 178 141, 975 125, 948 156, 103 22, 073 21, 321 13, 179 20, 524 28, 271 18, 027 12, 836 19, 279 11,213 12, 045 8,042 13, 225 62, 409 51,795 56, 596 65, 687 88, 471 84, 929 83, 358 94, 563 48, 063 48, 274 45, 167 50, 385 24, 764 25, 860 23, 362 30, 538 8, 841 8,987 8,778 12, 399 54, 038 48, 897 39, 025 44, 333 15, 937 9,563 8,423 9,635 5, 638 5,328 4, 956 6,123 335, 089 306, 989 276, 649 330, 660 235, 729 290, 615 305, 456 274, 251 28, 217 26, 787 36, 765 27, 862 44, 381 49, 655 58, 312 50, 673 12, 793 21, 955 22, 863 23, 914 96, 663 125, 432 125, 835 116, 792 112, 150 133, 314 93, 094 77, 263 70, 455 86, 270 53, 110 38, 988 24, 224 32, 820 27, 087 28, 845 9,628 12, 764 10, 108 10, 702 49, 405 64, 190 63, 149 58, 362 15, 765 28, 928 31, 348 26, 451 5,952 6,232 4,787 7,027 427, 460 527, 172 493, 573 445, 748 1925 January February March April 269, 415 222, 262 251, 823 208, 080 29, 210 22, 855 25, 690 22, 017 49, 615 43, 785 51, 386 32, 995 22, 668 23, 061 26, 063 19, 171 113, 136 85, 757 84, 999 73, 148 77, 948 75, 125 100, 297 92, 723 37, 063 39, 122 51, 179 49, 315 31, 745 25, 463 33, 548 35, 899 12, 893 9, 939 12,212 12, 242 60, 885 57, 742 58, 961 56, 667 27, 875 15, 803 21, 388 12, 751 6,584 5,330 8,805 7,679 446, 443 370, 676 453, 653 398, 255 May June July August 175, 144, 155, 180, 785 412 027 873 20,531 15, 205 14, 402 18, 212 28, 727 22, 434 23,588 34, 114 14, 022 11, 765 12, 268 11,601 62, 990 57, 202 57, 738 63, 099 107, 471 96, 002 101, 556 101, 375 66, 817 59, 767 62, 596 60, 781 35, 690 31, 192 32, 275 38, 125 12, 263 10,936 11,977 14, 390 44,911 45, 110 44, 896 50, 790 8,133 9,722 10, 947 13, 238 7,362 6,434 5,876 8,701 370,945 . 323, 348 339, 660 379, 823 228, 379 282, 702 237, 644 246, 160 20, 545 34, 051 29, 560 28, 218 52, 117 56, 481 39, 120 35, 983 12, 793 17, 392 16, 766 17, 479 90, 334 121, 394 107, 247 114, 234 102, 819 96, 491 93, 739 96,162 63, 338 55, 798 53, 650 51, 649 29, 006 31, 135 34, 991 43, 545 9,661 12, 144 13, 230 16, 871 53, 107 73, 421 72, 654 72, 929 18, 012 33, 170 29, 861 26, 801 7,008 6,861 8,568 9,849 420, 360 490, 567 447, 013 468, 645 1920 monthly average. . 1921 monthly average. . 1922 monthly average. _ 1923 monthly average. . 1924 monthly average.. 1925 monthly average.. 1923 September October November December _ _ ,„ . - . September October November December . 1926 J anuary February ,. „ _ March ._„___ April . .. ... „ May....... ...... June... __.__... 1 j I r " i j i Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Values are those at time of exportation in the ports of the United States whence exported, except reexports from bonded warehouses, which are expressed in their import value 2 Total for year 1917 is $3,275. No figures for 1918. 128 Table 104.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES EXPORTS IMPORTS YEAR AND MONTH Total Crude materials Foodstuffs, Manufaccrude, tured and foodfood animals stuffs Semimanufactures Finished manufactures Miscellaneons Crude materi- Total Foodstuffs, Manufaccrude, tured and foodfood animals stuffs Semimanufactures Finished manufactures Miscellaneous Thousands of dollars 19 13 monthly av__ 1914 monthly av__ 1915 monthly av__ 1916 monthly a v _ _ 1917 monthly av__ 1918 monthly av_. 1919 monthly av._ 149, 383 149, 106 148, 216 199, 303 246, 039 252, 601 325, 364 50, 462 49, 790 57, 991 84, 132 105, 682 101, 760 139, 521 18, 413 19, 561 20, 242 21, 678 32, 144 28, 795 45, 441 16, 518 21, 378 22, 770 28, 226 29, 287 33, 114 46, 308 28, 355 23, 006 21, 748 34, 822 45, 124 54, 080 50, 860 1920 1921 1922 1923 1924 1925 439, 873 209, 096 259, 396 316, 006 300, 247 352, 333 146, 073 71, 090 96, 381 48, 136 115,737 103, 008 143, 435 30, 234 35, 406 41, 233 103, 179 30, 737 32, 290 44, 134 43, 467 36, 133 66, 835 28, 669 45, 793 59, 976 54, 657 62, 951 372, 545 320, 234 287, 434 275, 438 144, 924 117, 999 107, 047 94, 589 28, 839 24, 657 23, 783 21, 058 59, 893 53, 328 37, 590 33, 010 73, 074 62, 422 56, 169 58, 130 253, 645 308, 291 77,410 288, 305 92, 273 97, 814 103, 037 26, 479 34, 055 40, 134 35, 434 33, 321 48, 069 35, 590 27, 413 1924 January February. . _ March April 295, 506 332, 323 320, 482 324, 291 106, 434 116, 172 102, 169 110, 589 32, 584 30, 521 34, 464 35, 286 May June . July ... August 302, 988 274, 000 278, 594 254, 542 104, 164 88, 682 89, 180 83, 288 37, 484 34, 189 39, 130 September October November December. 287, 144 310, 752 296, 148 333 192 1925 January February March April 34, 401 33, 936 24, 335 28, 798 32,327 33, 742 41, 028 1,234 1,459 1,130 1,648 1, 476 1,117 ! 2,210 64,017 204, 024 172, 675 291, 104 451, 887 40, 938 47, 280 60,118 513,934 503, 990 65, 061 79, 432 645.818 134,178 673, 402 14, 121 22, 939 38, 470 35, 107 42, 406 45, 620 56, 530 27, 023 25, 727 45, 880 54, 003 67, 228 117, 152 163, 551 33, 066 27, 949 39, 641 76, 022 109, 835 87, 773 76, 854 65, 120 53, 243 109, 584 218, 780 225, 066 172, 437 213, 625 676 1,877 10, 238 7, 857 4,337 1,577 1,079 93, 080 55, 805 48, 965 48, 608 47, 791 47, 813 79, 909 33, 270 36, 484 46,977 50, 889 55, 144 267, 032 135, 497 107, 720 123, 147 132, 338 153, 570 980 654 130, 653 131, 543 128, 640 126, 779 302 287 190 186 513 573 942 587 2,633 ! 1,681 ^ 1, 590 1,734 ; 1,847 2,220 364,911 155, 902 81, 997 313, 776 340, 893 100, 170 401, 523 110.528 117,829 76, 498 57, 687 38, 212 21, 457 32, 724 26, 491 309, 390 312, 178 295, 725 304, 758 53, 300 68, 278 60, 531 65, 448 25, 997 21, 336 19, 510 23, 897 49, 132 41, 529 66,983 495 416 353 1,668 42, 635 50, 006 49, 206 49, 337 45, 813 49, 277 57, 386 50, 825 54, 207 62, 997 73, 773 64, 110 64, 961 4,161 2,735 2,860 3,253 374, 191 392, 207 395, 667 131, 500 149, 803 160, 346 182, 515 27, 171 21, 747 14, 461 14, 874 46, 493 50, 664 52, 295 56, 653 45, 039 45, 980 48, 955 50, 871 124, 233 123, 440 38, 202 58, 742 67, 294 58, 629 58, 044 66, 634 56, 174 54, 529 57, 605 57, 909 2,637 2,345 1,511 1,189 389, 057 358, 211 132, 848 335, 734 85, 609 80, 719 59, 315 53, 325 49, 782 42, 693 54, 619 50, 342 50, 060 50, 986 127, 326 127, 215 331,655 13, 810 13, 925 14, 976 13, 336 147, 546 639 693 626 454 48, 652 48, 366 44, 909 47, 140 61,677 60, 575 62, 144 60, 466 414 414 736 1,781 325, 839 299, 160 270, 598 325, 027 77, 047 62, 387 55, 863 63, 044 10, 638 31,471 50, 581 41, 774 42, 495 30, 396 12, 821 31, 728 37, 452 34, 035 37, 220 44, 378 53, 103 50, 461 46, 251 47, 166 147, 348 136, 936 118, 123 138, 234 251 327 320 477 96, 242 100, 726 106, 807 130, 665 29, 152 42, 462 38, 076 40, 053 38, 243 38, 414 28, 936 27, 395 52, 384 66, 456 68, 979 61, 464 69, 133 4,667 2,320 1,948 2,186 419, 064 518, 265 486, 453 438, 587 127, 974 162, 432 196, 372 168, 335 66, 064 101, 820 58, 940 39, 619 48, 834 54, 461 54, 287 49, 556 53, 428 50, 896 53, 801 126, 198 141, 107 124, 897 122, 017 438 767 887 528 346, 165 333, 457 385, 379 346, 091 147, 597 128, 603 38, 066 36, 778 50, 157 36, 591 32, 336 39, 776 46, 848 48, 426 63, 104 63, 649 75, 943 59, 824 62, 313 62, 848 440, 438 364, 835 445, 533 391, 594 168, 194 128, 697 25, 873 23, 554 121,690 31,102 62, 305 2,268 2,066 2,415 1,012 83, 908 36, 192 54, 044 46, 277 55, 597 39, 386 58, 271 47, 777 64, 543 60, 704 133, 059 117, 894 171, 553 170, 875 997 636 1,048 529 May June.. July August 327, 519 325, 216 325, 648 340, 086 135, 737 129, 664 124, 431 140, 524 34, 168 35, 738 56, 206 59, 072 58, 983 65, 302 60, 892 62, 434 64, 836 65, 664 517 571 1,152 2, 506 362, 757 355, 397 36, 702 39, 896 37, 688 34, 231 29, 786 65, 640 52, 217 56, 340 71, 472 33, 626 21, 879 22, 555 28, 564 41, 161 43, 017 43, 339 47, 514 58, 938 54, 348 57, 802 52, 149 163. 057 143, 670 151, 099 172, 406 335 266 512 362 September October November December 349, 954 374, 074 376, 638 397, 945 142, 198 151, 144 165, 904 175, 727 45, 247 44, 278 46, 588 48, 161 33, 110 33, 192 29, 339 28, 937 58, 021 65,370 77, 224 70, 515 74, 089 6,059 2, 553 2,096 3,436 412, 698 482, 921 439, 449 459, 506 131, 579 209, 659 34, 179 65,713 172,534 19, 485 21, 187 52, 659 51, 474 46, 972 52, 676 50, 058 50, 751 50, 035 53, 705 143, 470 151, 070 149, 232 753 655 1,191 830 monthly av__ monthly av__ monthly av_. monthly av__ monthly av__ monthly av__ 1923 May June July August. September October. November December 291,333 ._- 142,211 140, 540 25,331 27.660 42,366 56,651 58, 917 60, 260 62, 223 67, 595 73, 094 51,577 55, 642 64, 212 62, 446 66, 362 65, 320 61, 462 62, 492 58,870 64, 069 67,913 374,804 421,011 113,711 331,647 372, 647 1926 January February March April 152, 490 15,014 19,312 37,517 58,711 j •1 May June ! 1 81,800 1 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. For changes in valuations, seo footnote on preceding page. 118,668 115,511 130,602 176,619 -r;92 535 534 534 129 Table 105.—CANADIAN INDUSTRY PIG IRON YEAR AND MONTH STEEL INGOTS Production Production i Thous. of long tons BUILDINGS 3 NEWSPRINT PAPER * COAL Shipments storks »*OCKS Contracts Trade Workers Jobs awarded unions registered registered Exports i Thous. of short tons Thous. of dollars Short tons 19 1/} monthly average 1914 monthly average 1915 monthly average 1916 monthly averpge 1917 monthly average ._ _ 1918 monthly average- _ . 1919 monthly average- - - 84 58 68 87 87 89 68 87 62 76 106 130 140 77 1, 251 1, 136 1, 106 1,207 1, 171 1,248 1,160 1920 monthly average.. ._ 1921 monthly average- _ . 1922 monthly average. - 1923 monthly average. - 1924 monthly average. _ 1925 monthly average.- _ 81 50 32 73 50 48 92 56 41 74 54 63 1,412 1, 255 1,263 1,416 1, 104 72, 931 67, 339 90, 028 105, 519 112, 750 126, 851 74 62 60 66 67 55 41 1,240 1,536 1,515 1,286 78 84 41 71 94 104 85 57 45 23 '>3 EMPLOYMENT < Per cent employed Employment index Rel. to Jan., 1920 Number 13, 352 12, 597 12, 233 24, 382 30, 384 38, 601 45, 026 50, 425 55, 203 $32, 013 20, 163 6,993 8,276 7,070 8,320 15; 836 j 72,563 j 66, 930 90, 499 104, 543 112, 063 127, 346 10, 687 17, 045 10, 600 14, 948 19, 789 22, 454 59, 469 62, 969 79, 960 94, 830 101.615 116,805 21, 300 ; 20,011 27, 654 26, 188 23, 022 24,831 95.4 87.5 93.0 95. 1 93.0 41, 533 44, 240 45, 690 49, 098 43, 281 40, 165 35, 002 39, 157 45, 082 34, 339 102, 486 114, 475 110,839 95, 726 99, 1 18 112,996 110,786 100, 624 18, 670 20, 123 20, 047 15, 123 90, 100, 103, 94, 23, 382 30, 078 15, 632 21, 507 98.0 95.2 93. 8 93.8 67,097 68,322 44, 359 35, 559 77,086 63, 590 32, 876 23, 833 99.5 98.8 95.7 88.7 | 1, 490 1, 212 1,537 989 110, 529 112, 318 113, 192 116, 283 108, 620 110, 555 111,916 114,647 16, 493 18, 195 19, 388 20, 978 93, 708 99, 621 127, 583 80, 872 6, 538 21, 249 11,584 30, 199 92.5 92.2 93.3 94.9 44, 613 49, 915 34, 897 39, 401 33, 571 41,016 26, 104 35, 670 90.6 90.7 89.3 91.8 108 69 52 23 708 716 669 683 118,500 108, 321 114, 133 114,417 118, 306 113, 866 110,485 112,802 20, 746 15, 272 18, 840 20, 380 107, 784 95,717 105, 133 94, 486 32, 967 26, 185 23. 818 26, 664 92.6 95.9 94.6 93. 5 43, 445 35, 730 36, 105 44, 557 33, 219 27,906 26, 589 35, 302 95.2 95.9 94.7 03. 1 18 20 23 26 903 1, 297 1, 546 1,506 108, 100 113, 156 111,703 112,342 106, 882 112, 324 112,636 111,718 21, 547 22, 304 21, 371 21, 954 101, 843 99, 812 96, 981 115,844 22, 506 21, 067 24, 614 28,868 94. 1 93.4 90.3 88.4 62, 465 50, 982 40, 078 37, 187 65, 709 40, 310 23, 438 23, 233 93.9 93.0 90. 8 83. 9 8, 935 11,048 13, 393 24, 887 89.8 90.5 91.5 91.3 42, 059 31, 537 38, 028 33,544 26, 807 20, 240 24, 510 35, 563 86. 1 87.0 87.2 90.8 34, 052 33, 230 22, 179 31, 208 93.0 93.9 94.8 95. 6 39, 953 38, 107 39, 502 83, 777 30, 650 29,335 31,509 81,886 94.5 96. 8 96.3 96.6 29, 746 29, 648 46, 973 12, 675 94. 3 94.9 94.3 77, 436 50, 212 27, 215 75, 312 42,230 40, 766 98.3 97. i 95.3 89.6 j 62, 386 67, 922 61, 527 67, 284 692. 1 7 98. 1 7 98, 1 7 98. 5 96.6 5 100.0 87.0 88.6 94.8 91.9 93. 0 1923 September-- -. October November December 1934 1 January j "February March April . _. - -..- 64 60 Mav June July ' August - - Septetn ber October November December 29 23 23 __ _ 930 i 722 195 824 i 1925 January February-March April 28 30 64 60 27 37 108 88 May \ 63 46 i 27 i i ; 35 74 69 55 122, 234 116, 780 124, 611 125, 740 20, 989 20,114 21, 892 25, 163 104, 654 103, 857 144,411 93, 882 130, 198 124, 394 121, 849 120, 957 128,571 127, 326 122, 490 12], 181 26, 23, 23, 22, 115,766 114,653 107, 767 116, 232 124, 889 137, 670 132, 332 136, 983 124, 874 139, 051 135, 127 140, 165 22, 864 21, 423 21, 563 18, 414 1,482 1,156 786 555 121, 605 115,809 126, 452 129, 079 100 63 22 25 664 733 744 987 37 109 73 62 1, 191 1, 563 1,650 i | June Julv . August -- September October November December _ -- ! j I 848 965 258 956 ! i ! U6, 278 124, 529 122,486 137, 140 j I ! 1936 January March \pril 12, 669 i !! j i Mav i J urif i ' ; i 1 i 1 11 Production of iron, steel, and coal, compiled by Department of Trade and Commerce, Dominion Bureau of Statistics. Coal figures include bituminous, subbituminous and 2lignite, and previous to 1919 comprised sales, colliery consumption, and coal used by operators, thereafter the tonnage representing output of all mines. Production, shipments, and mill stocks of newsprint, comprising practically the total production of Canada, furnished by the News Print Service Bureau; exports from Department of Trade and Commerce. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 49. 3 Building contracts furnished by McLean Building Reports (Ltd.); monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 46. 4 Percentage of trade-union membership employed and applications and job vacancies reported to Canadian employment service, latter being prorated from weekly reports, from Dominion Department of Labor, Employment Service of Canada; employment index number taken as of the first day of the month following that indicated, showing conditions reported by an average of about 5,800 firms employing about 775,000 workers in 1923, in manufcturing construction, mining, logging, and services from Department of Trade and Commerce, Dominion Bureau of Statistics. Trade-union employment figures from 1915 through 1918 are avers • * data. , . erages of" quarterly 6 January, 1920. 8 Decemberly only. 7 Average of four quarters, March, June, September, and December 79396°—26 9 130 Table 106.—CANADIAN FINANCE AND TRADE BUSINESS FAILURES 2 BANK CLEARINGS* YEAR AND MONTH RAILROAD OPERATIONSfi FOREIGN TRADE * BOND ISSUES 3 Exports of key GovTotal commodities ern(value) (quantities) ment Munic- Corporation and ipal bonds provinCanned Imports Exports salmon Cheese cial Firms Liabilities Freight carried 1 mile Net operating revenue Thousands of tons Dollars Millions of dolls. Number 1913 monthly average 1914 monthly average _ 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average - _ _ . 1919 monthly average $775 659 637 859 1,021 1, 115 1,351 152 241 219 148 93 68 52 $1, 388 2, 562 2, 698 1,312 1,138 1,035 843 $4, 422 7,118 17, 901 17, 385 56, 198 58, 000 64, 429 $9, 647 7, 032 5, 542 4,158 2, 365 4,917 2,583 $6, 171 3, 644 1,888 3, 540 2,708 628 5, 121 $55, 934 51,600 37, 996 42, 350 70, 538 80, 294 76, 643 $31, 422 37, 953 39, 287 64, 858 98, 268 132, 181 105, 730 1, 757 5,092 2, 888 4, 095 4,026 3,648 3,976 12, 942 12, 076 11,442 16, 081 16, 492 14, 573 12, 684 1, 919, 413 1, 838, 608 1, 471, 776 2, 349, 614 2, 598, >m 2, 585, 756 2, 245, 883 $6, 224, 251 5, 342, 357 4, 342, 664 6, 915, 408 7, 323, 404 1 4, 688, 726 2. 650, 772 1920 monthly average 1921 monthly average 1922 monthly average 19?3 monthly ave r age 1924 monthly average 1925 monthly average 1,632 1,401 1,304 1,392 1, 367 1,344 82 199 271 243 192 175 1,845 4,221 4,771 4,285 3, 378 2, 879 9, 749 13, 395 27, 125 25, 107 25, 748 4, 466 7, 052 7, 290 7,227 7, 270 3, 846 5,121 6, 729 10, 880 15, 284 88, 711 103, 347 62, 317 66, 882 74, 428 66, 413 107, 222 100, 869 62, 827 78, 858 88, 230 90, 113 5, 127 2, 563 3,635 2, 683 4, 506 6, 477 10, 533 11, 135 11, 104 9, 546 9,732 10, 580 2,605,416 2, ly9. 492 2, 202, 005 2, 602, 303 2, 362, 085 2, 425, 490 419,703 3, 034, 176 3, 895, 609 4, 138, 222 5, 829, 025 5, 130. 336 Thousands of dollars Thousands of dollars Thousands of pounds I 1923 1 170 2,185 1, 851 1, 518 213 231 226 174 2 889 3, 521 8, 077 2, 084 50, 000 40, 150 9,000 140, 892 8, 718 2, 048 1, 737 1,775 4, 050 17, 300 7,583 21.410 71, 351 75, 641 72, 084 65, 656 68, 818 101, 300 139, 005 124, 916 3, 545 8,340 8,396 5,334 22, 335 22, 164 15, 808 8,038 3, 269, 351 4, 487, 120 4, 835, 545 4, 218, 754 6, 929, 695 14,407,111 12, 524, 881 ' 8,235.775 1,339 1,236 1,142 1, 215 283 248 212 177 7, 675 6, 149 4, 769 2,710 8,300 2,000 8,500 14, 000 21, 545 5,435 2,218 9, 259 50, 510 13, 050 5,221 1,200 66, 568 62, 134 86, 954 60, 173 70, 355 68, 332 93, 615 49, 518 5,228 4,549 7,927 1,671 2,278 1,505 924 510 2, 473, 895 2, 481, 524 2, 665, 992 2, 267, 328 1, 771, 445 1, 472. 878 5, 323, 691 3, 485, 058 1,380 1,210 1,404 1, 202 194 149 137 128 3,356 1, 170 1,931 1, 145 3, 925 19, 750 42, 036 21, 000 5, 295 7, 476 6,598 4,306 4,850 4,125 24, 860 2,575 72, 058 66, 396 72, 631 61,970 105, 311 88, 328 88, 221 74, 822 2,585 2, 855 2,079 4, 947 1,867 3,214 19, 929 18, 616 1, 274, 052 2, 493, 968 2, 053, 808 1, 599, 078 6 433, 895 2, 353. 797 3, 040, 230 4, 745, 483 1,314 1, 715 1, 593 1,652 158 187 208 219 1,779 2,460 2, 524 4, 8G8 178, 902 1, 000 3,720 5, 839 6,880 1, 271 14, 571 2,388 28, 265 3,325 10, 170 35, 261 63, 901 68, 184 66, 229 60, 946 82, 456 104, 316 119, 876 125, 462 10, 415 12, 497 10, 778 8,154 20. 395 25, 793 17, 050 9,385 2, 129, 972 3, 625, 576 3, 778, 733 2, 771, 968 7, 553, 013 12, 743, 845 10, 601, 800 7, 771, 146 January February March April 1,364 1,069 1,151 1,229 285 185 199 145 4,923 2,602 3,392 2,049 4,000 39, 406 None. 29, 240 5, 484 2,601 4,588 4,680 35, 460 36, 175 14, 560 7,045 58, 376 61, 430 84, 638 59, 105 75, 999 71, 164 95, 888 60, 709 10, 525 4,777 6, 446 1,411 3,581 3,798 2,826 954 2, 332, 806 2, 138, 117 2, 404, 001 2, 076, 103 1, 523, 954 2, 334, 827 4, 417, 492 3, 120, 268 May June July August 1, 290 1,186 1,273 1, 195 163 157 154 110 6,108 2,204 2,504 949 3,500 11, 296 None. None. 7,544 6, 468 2,032 1,534 5,885 12, 892 3,400 None. 75, 895 75, 592 81, 492 82, 074 97, 475 94, 319 103, 280 112,414 2,019 999 2,492 6,495 3,372 8,721 25, 660 23, 508 1, 863, 804 1, 827, 444 2, 062, 696 1, 855, 209 1, 804, 968 2, 137, 395 6,417,632 8, 136, 550 1,278 1,647 1,613 1, 835 142 183 167 216 1, 600 3,531 2,357 3, 189 155, 100 150 2,275 2,496 3,385 4,909 7,550 8,328 24, 425 78, 663 80, 800 75, 286 76, 918 109, 574 144, 520 141, 359 176, 399 10, 206 10, 398 9,679 9, 424 22, 646 25, 748 17, 469 12, 461 3, 316, 927 11, 537, 616 1,300 249 2,677 October November December _ _. _ _ 1924 i January February March April -- May June July August - _ - September October November December.. ... _ _. .__ _ 1925 . September October November December - 1926 Januarv February March April. May June . 1 | --li i 2 i4 Bank clearings, covering 16 cities, from Bradstreet's. Business failures from Bradstreet's. 3 issues of Canadian bonds from The Financial Post. Foreign trade statistics from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canadian fiscal year ending March 31 of the year indicated. » Annual figures, from Department of Trade and Commerce, cover all railroads in Canada, average for the fiscal year ending March 31 of the year indicated; monthly reports cover all railroads with annual operating revenues of $500,000 or over, which includes 98 per cent of the total revenues of all roads. Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 45. e Deficit. 131 Table 107.—INDEXES OF COTTON STOCKS' END OF MONTH YEAR AND MONTH Receipts i 11 to sight Imports World visible Domestic Exports (in- COMclud- suinp» (ion ing Hitters) WHOLESALE PRICES MACHINERY ACTIVITY Cotton Price to Active proWare- Total AmerMills houses spinican cotton cotton dles ducer, ail grades Total Cotton Cotton goods yarns FALL RIVER MILL DIVIDENDS (quarterly) SheetCarded Print ings, white, cloths 4/4 Mid- northRatio ware to dling ern, 64 x 60, shoals, Total capiupmule 38H"» LL land, spun, 5.35 taliza36" tion N.Y. 22/1 yds. to 4yds. cones, 1». to Ib., Boston N. Y. Relative to 1913 1913 1914 1915 1916 1917 1918 1919 monthly av monthly av monthly av monthly av monthly av monthly av monthly av 100 86 104 99 80 76 86 1920 1921 1922 1923 1924 1925 monthly av monthly av monthly av monthly av monthly av monthly av 75 83 81 78 92 110 2 100 * 100 2 142 183 174 125 102 158 271 125 168 169 145 142 2 10O 73 97 81 55 47 75 98 108 119 122 111 106 71 75 70 61 76 95 105 97 109 117 99 115 100 1OO 100 159 155 134 152 160 100 89 114 137 122 117 105 128 194 169 144 179 203 106 135 107 91 92 115 100 145 111 89 91 117 155 198 153 125 111 129 107 97 106 109 80 94 193 277 189 137 136 157 129 145 113 80 84 104 127 143 102 ! 70 78 106 1OO 111 ! 1OO 101 102 106 109 110 111 100 100 95 79 113 184 249 254 100 100 100 88 81 120 181 268 241 87 77 115 179 300 275 100 91 84 118 193 317 274 100 85 162 117 188 246 252 59 55 114 203 291 235 60 54 95 183 252 201 111 108 108 113 102 107 250 106 163 228 224 185 265 119 106 230 224 184 284 133 161 196 192 169 343 145 162 192 174 175 344 143 168 172 185 172 486 150 147 170 136 81 411 112 110 113 88 51 227 240 258 268 223 235 274 280 191 200 218 228 188 188 203 212 181 204 208 217 131 87 270 179 126 83 143 93 161 104 113 73 124 79 76 49 65 42 58 35 I 1 1933 September October November December 124 198 178 142 36 41 90 191 97 109 107 117 104 117 114 100 95 149 169 167 57 81 106 120 124 202 218 204 64 86 97 107 62 90 105 110 111 112 112 111 2 ! 1924 January February March April 75 35 31 34 258 263 270 219 73 65 44 43 124 109 104 103 149 132 114 92 120 116 111 98 172 145 116 88 102 104 94 80 98 90 77 60 109 107 106 104 271 262 231 239 271 250 223 234 223 211 195 192 199 183 169 171 220 204 196 180 May June July August 34 18 21 33 87 74 37 22 44 31 28 37 89 75 75 77 74 59 45 44 85 70 53 41 65 51 39 46 71 61 50 43 50 40 30 27 100 96 94 95 234 232 228 232 247 235 248 229 192 191 190 189 168 171 171 175 177 176 175 189 September October November December 153 233 230 206 52 98 95 264 99 127 175 144 94 115 106 115 84 161 190 192 38 54 77 97 120 245 278 268 60 97 118 133 64 109 141 156 99 102 104 107 185 193 188 200 191 192 190 186 175 181 180 180 162 165 170 171 179 168 173 176 1925 January February March _. April 115 72 67 41 297 325 184 121 14.4 109 99 63 128 118 125 128 172 150 119 103 106 113 120 111 224 178 118 97 133 129 121 104 153 141 123 96 109 109 109 109 189 192 204 198 188 193 200 191 177 174 174 170 174 180 182 179 176 174 179 173 26 11 13 65 108 54 50 44 29 27 42 114 106 104 96 80 61 45 56 99 83 64 50 66 44 30 60 88 68 53 73 51 36 36 108 106 104 102 192 192 195 195 183 189 194 186 161 163 168 171 175 175 180 179 170 158 156 170 194 262 245 208 82 67 146 187 101 190 162 132 104 117 117 124 130 185 216 64 89 107 126 182 261 302 325 89 118 138 m 91 134 159 183 103 106 108 108 188 179 151 145 184 172 162 158 171 174 164 162 180 181 169 165 172 176 176 167 154 170 ! May June July August September October November . December. 1926 January February. March April May June.. 1 2 i 143 _ For numerical data and complete explanation of sources, etc., see Tables 6, 9, and 10, These figures are for fiscal years ending June 30 of year given. ! 1 132 Table 108.—INDEXES OF WOOL AND SILK RAW WOOL WOOL MACHINERY ACTIVITY Eeceipts at Boston | YEAR AND MONTH Total Domestic Spinning spindles Looms Imports Foreign Wide Narrow I WHOLESALE PRICES Carpet and rug Sets of Combs cards Woolen Worsted , RAW SILK Wool (Boston) Worsted yarn Suit- Wholesale ings price 1/4 blood combTerri- ing tory grease, fine staple, Ohio and scour- Penned sylvania fleeces crossbred stock, Boston Ws Wool- Japa- Imdyed, nese, ports blue, 55/56", Kansai, Mid1, dlesex, No. N. Y. N. Y. Relative to 1913 ! 1913 monthly average. 100 1914 monthly average. 149 1915 monthly average191 1918 monthly average. 196 1917 monthly average. 225 1918 monthly average - 224 1919 monthly average. 213 I 10O 100 1OO 100 100 100 118 112 127 130 113 132 228 391 371 468 506 419 171 272 296 278 299 294 99 97 115 116 113 95 107 100 125 122 115 99 96 106 118 109 88 84 100 | 100 | 10O 10O 97 100 i 97 105 100 100 100 104 144 164 264 304 256 82 101 135 201 272 210 100 94 101 128 204 262 260 114 119 115 105 117 117 112 108 j j j ! 117 121 117 108 100 122 115 109 107 107 125 | 153 279 ; 3 323 ' 298 97 | 116 118 127 104 100 : 87 94 112 119 110 109 100 111' 107 124 89 91 291 149 219 247 249 246 204 104 172 204 212 220 235 152 182 223 218 221 271 183 201 234 237 237 106 ! 101 no 2 : 10O 90 109 120 10O 102 91 134 151 172 244 127 142 162 1920 monthly aver age 1921 monthly average. 1922 monthly average, 1923 monthly average. 1924 monthly average. 1925 monthly average. 122 152 193 185 139 136 65 89 118 90 124 82 266 315 383 429 176 274 171 212 248 280 177 224 87 92 91 111 92 92 96 88 89 104 85 88 99 75 113 121 97 106 89 91 113 125 111 109 1924 January.. February March April... . 161 96 202 90 88 40 92 74 347 240 486 132 244 314 325 234 97 95 95 88 92 91 91 72 111 112 107 95 111 120 126 116 112 116 119 114 98 104 99 91 240 247 247 239 208 216 216 212 219 219 212 21 2 239 239 239 239 : ! 22 118 101 101 150 200 199 84 192 266 242 145 42 30 89 150 130 48 68 91 82 78 78 85 78 69 75 80 72 76 84 114 108 98 93 80 68 69 89 107 102 93 93 65 60 69 233 225 228 239 196 176 176 192 212 206 200 206 239 233 233 233 i : 101 83 122 157 110 82 91 193 78 87 200 243 96 132 131 252 88 98 102 104 81 89 98 96 96 105 115 112 111 117 117 117 112 128 125 120 112 118 116 119 91 106 103 105 253 260 282 295 212 228 244 280 238 251 233 239 239 239 192.5 January February _ March ApriL 208 97 175 102 25 36 41 30 674 255 519 286 376 299 283 229 102 100 94 91 98 95 93 93 Ho 119 126 112 117 118 120 113 116 114 100 87 114 116 119 113 102 100 89 82 393 289 277 249 276 272 252 216 245 245 ''32 225 245 245 245 245 Mav June July August 88 143 245 187 66 152 285 152 139 120 143 274 177 162 165 273 88 86 81 84 81 81 71 78 108 103 96 100 110 104 101 104 75 83 84 100 110 108 103 103 73 72 73 88 218 230 240 230 180 200 208 204 225 225 219 212 233 233 233 233 ; 170 ; | 175 109 93 80 100 55 44 54 41 218 167 251 150 189 199 183 92 96 99 93 84 92 93 88 96 94 101 99 108 103 105 103 103 114 117 106 106 105 99 95 108 101 96 225 232 232 200 204 216 220 212 212 206 200 233 233 233 233 _. May June July August September.. October November September October November ^December _ 1926 January ._ FebruaryMarch April.- I ; J I j 1 _ i i :> i . S 202 189 171 155 186 147 97 154 132 137 148 167 151 127 160 175 149 158 170 174 228 197 223 270 ; 167 ! 171 160 164 233 185 200 174 I \ : : : 174 ' 178 ' 235 190 219 207 182 183 i 180 ' 187 295 254 239 283 | j n i i ! ^ | h i| ' 1— | i i 1 2 i 116 154 !69 181 176 226 i i Mav June | j 227 166 198 226 163 174 For numerical data and complete explanation of sources, etc., see Tables 6, 7, and 11, Six months' average. ! | 133 Table 109.—INDEXES OF PETROLEUM AND PIG IRON PRICES, REFINED OILS IRON ORE! CRUDE PETROLEUM PIG IRON Production Furnaces in blast, end of month Wholesale prices Price, Fuel Lub. oil, Total Kan- Oil Mexi- Gaso- Kerooil, Pro- st'ks, Im- Consas- wells can line sene 600°, Shipoil, Okladuc- end ports sump- Okla- com- ship- mo- 47°, 24-26, steam ments from tion tion homa pleted ments tor. water at Mer- Fur- Caof ref. N.Y. while refin. Penn. mines Total chant naces pacmo. at iron wells field ity YEAR AND MONTH Foundry No. 2 Northern (Pittsburgh) Basic Comvalley posite furPig nace iron Relative to 1913 average. 100 average. 107 average. 113 average, 121 average. 135 average, 143 average. 152 100 118 139 138 128 112 119 100 1920 monthly average. 1921 monthly average. 1922 monthly average. 1923 monthly average. 1924 monthly average. 1925 monthly average. 178 189 224 295 287 304 143 171 265 311 309 290 1923 September October N o vember December 315 326 316 288 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly 1924 J anuarv February March April - Mav June . July August _ September October November December ... . 1925 January Februarv March.. A pril Mav .. June July^ ! August . __. September. __ October ! November ... December . 1926 i January . Februarv. M arch April 1 Mav June 100 75 97 127 124 ! 126 100 100 74 86 122 123 115 86 100 70 85 119 126 131 90 100 100 10O 75 100 127 127 127 98 87. 93 132 259 215 189 88 93 134 265 221 188 88 92 132 259 222 194 119 45 87 120 87 110 | 120 107 39 67 103 118 109 33 63 107 83 88 80 116 52 90 130 101 119 281 157 168 176 141 135 287 148 164 175 137 133 284 156 162 176 142 138 111 99 60 (2) 122 123 113 114 101 100 96 100 95 91 86 86 112 118 112 112 166 159 148 148 169 160 142 142 168 158 146 148 181 203 221 227 8 118 120 135 126 99 88 105 102 92 98 100 86 121 129 134 115 151 155 155 147 144 150 149 147 150 156 155 152 92 87 87 87 207 189 181 169 80 93 89 82 102 79 70 74 91 69 59 63 68 60 54 56 92 74 66 75 141 134 130 131 139 134 129 129 146 137 130 ' 131 135 134 134 137 102 104 113 130 183 190 198 231 75 68 25 (2) 80 97 98 116 72 82 81 78 64 68 76 85 86 97 106 117 135 133 133 143 129 129 130 142 132 132 134 145 101 125 ' 122 119 .134 136 133 126 148 147 126 114 229 235 220 184 26 132 126 139 127 90 90 100 99 93 94 91 82 132 138 134 123 151 148 143 137 149 150 145 137 151 151 148 141 475 413 391 303 113 128 131 ! 120 122 122 117 117 101 104 100 115 183 203 188 164 101 97 104 104 114 104 104 106 83 74 83 77 73 71 71 71 107 104 103 105 131 125 127 127 128 123 122 122 134 128 128 128 320 307 101 101 101 101 120 125 129 142 116 117 135 139 156 162 160 178 90 85 52 (2) 106 118 118 127 82 87 90 96 74 77 82 87 113 117 123 128 128 131 138 139 124 127 135 136 130 134 142 144 83 124 100 100 104 122 144 158 160 100 100 87 48 98 87 93 110 100 86 62 135 190 235 244 610 704 715 461 437 348 201 201 226 273 287 364 182 193 154 155 179 127 77 91 85 76 86 594 699 724 563 524 331 341 349 351 406 460 410 567 285 202 279 293 144 133 112 109 80 72 63 56 277 270 290 289 348 352 355 361 425 439 579 492 286 271 290 283 133 162 179 186 299 288 299 304 366 370 374 380 498 449 438 395 286 275 280 280 292 292 274 277 384 381 379 374 361 328 448 394 286 297 294 317 287 261 292 297 296 295 294 294 329 322 325 323 313 311 297 294 100 100 141 144 146 95 81 92 131 175 188 100 73 57 97 169 209 124 100 79 56 78 114 175 229 174 155 149 123 107 114 242 138 137 136 131 127 291 76 105 103 106 122 425 123 112 121 199 189 523 534 555 628 ! 114 110 101 92 123 135 134 133 95 89 80 88 99 111 114 130 49 57 68 90 459 547 617 626 98 119 118 119 140 147 135 130 121 128 119 107 186 166 166 147 104 96 100 87 577 521 504 488 119 119 116 112 123 118 117 117 141 134 130 128 71 67 63 62 434 463 519 530 104 83 88 89 473 376 430 365 138 186 193 193 55 62 68 98 510 474 542 445 297 296 294 289 437 347 289 273 193 193 193 184 105 107 113 99 287 284 283 278 271 294 330 294 171 171 170 166 94 89 74 73 97 102 115 169 212 297 82 127 154 213 246 337 i 1 94 132 127 124 96 ; \ I | 130 1 101 100 ! 1 . i 1 ! j | numerical data and complete explanation of sources, etc., see Tables 12, 24, 25, and 26. Relative number less than 1. 65 130 i 5 For 1 100 ; i ! j i I 134 Table 110.—INDEXES OF STEEL STEEL IN- GOTS Produc- YEAR AND MONTH tion COMMERCIAL STEEL CASTINGS Total bookings Railroad Miscellane- cialties bookings spe- U. S. STEEL ' CORP. Unfilled orders, Earnend of ings ous month FABRICATED STRUCTURAL STEEL WHOLESALE PRICES Steel Strucbillets, tural Besse- steel mer beams (Pitts- (Pittsburgh) burgh) Bookings Iron and steel ports, ct. Quan- Per of catity pacity 100 78 S7 170 271 183 157 100 83 93 177 209 202 174 100 87 94 154 266 215 191 100 88 95 163 259 220 193 100 100 100 143 146 132 130 127 100 140 138 120 112 106 129 218 134 74 131 111 120 190 16* 162 147 137 187 131 115 160 153 133 240 155 144 169 155 147 211 156 134 172 165 156 1W 108 100 92 155 138 138 149 173 165 165 165 174 169 166 106 181 J77 172 170 97 104 102 97 85 79 74 75 125 163 151 123 162 155 155 155 166 166 166 166 81 147 248 138 114 134 145 125 81 83 81 71 129 142 167 140 I 155 155 155 155 109 94 73 70 116 109 67 60 103 81 78 78 61 55 54 56 117 ' 104 91 88 112 124 124 141 120 128 142 185 123 129 172 221 118 127 117 153 59 60 68 82 1925 January February March April 166 149 166 142 159 118 114 113 169 113 90 92 150 122 135 132 May June.. July August 137 127 122 136 95 93 105 99 67 69 83 76 138 154 155 158 94 117 134 164 71 85 133 179 1913 monthly average--.! 100 1914 monthly average,- 75 103 1915 monthly average.- _| 1916 monthly average, _.| 137 144 1917 monthly average,.142 1918 monthly average, .. 111 1919 monthly average.- - 100 76 112 173 148 186 73 100 75 105 194 110 171 42 131 48 130 143 124 117 112 40 140 134 134 102 178 170 104 101 165 180 72 79 133 142 124 113 95 76 81 82 145 152 167 133 100 76 | 117 156 ISO 199 99 100 70 88 105 181 116 101 ! ! ! I i 170 90 96 102 68 73 189 160 132 121 93 44 57 85 99 140 193 131 105 82 74 1 101 September... ... _ October November December _._ 1920 monthly average. _ _ 1921 monthly average.- 1922 monthly average. .. 1923 monthly average. _ _ 1924 monthly average. _ _ 1925 monthly average. _ _ 135 64 114 144 122 146 100 ! 52 95 j 243 215 | 136 105 Exse- Com- posite steel IRON AND STEEL lected Items Im- ports, total ; ! j i 100 56 128 220 235 194 160 100 90 89 98 102 53 101 134 88 173 175 193 215 1C8 70 128 i 128 138 148 1 180 80 61 59 54 49 138 38 229 226 150 264 176 176 176 176 152 141 138 157 112 104 102 116 69 59 62 56 28] 250 196 166 170 167 163 163 176 176 176 176 141 133 147 217 104 98 108 160 60 54 69 68 135 109 95 95 166 166 166 162 164 165 164 161 176 178 174 171 201 204 195 184 144 146 140 132 94 60 46 46 98 139 137 165 149 147 147 146 157 153 146 142 157 154 151 150 168 165 163 160 167 181 193 165 120 1 130 138 118 56 51 48 51 178 201 96 150 89 107 78 84 141 139 138 140 136 129 126 131 148 147 148 153 158 156 156 160 184 134 234 220 132 132 168 158 48 58 42 45 137 140 115 247 85 89 82 75 114 108 127 117 144 144 142 138 139 136 139 136 156 156 155 150 161 165 160 159 166 168 200 221 114 116 138 152 51 34 55 53 275 223 318 247 120 113 123 118 69 63 60 59 121 118 122 126 137 136 136 136 132 132 132 128 146 143 142 142 156 154 153 152 198 250 235 227 136 172 162 156 49 44 48 64 234 288 191 215 114 145 134 151 63 70 78 85 123 128 124 118 136 133 135 136 129 129 129 129 142 143 147 149 152 152 153 154 235 261 206 218 162 180 142 150 47 43 56 48 230 261 266 323 149 154 147 54 121 151 114 130 r,8 ; ! May June July August 1933 .-- September October November December -._.. - ... 1924 January. - ,_ February March April May June July August. _ _ September October _ _ November December .. 1926 January February _ March April 1 Mayi June _ . . Ifi7 : 149 i 140 146 1 165 1 1 i For numerical data and complete explanation of sources, etc., see Tables 13 and 14. 135 Table 111.—INDEXES OF NONFERROUS METALS Stocks YEAR AND MONTH cries World visible U.S. LEAD ZINC TIN Imports— bars, blocks, etc. Price, NP.igY. COPPER Price, Ore Ore Proftetorts Price, in oper- <luction Stocks shipprime shipation, (total at re- ments, west- ments, Joplin ern, St. Jopiin verized, pri- fineries end of district Louis district N. ¥. month mary) Production <& Mine Smelter Exports, refined Price, ingots, electrolytic, N. Y. Relative to 1913 I I 100 89 148 194 129 116 95 100 100 100 100 49 35 43 132 101 92 90 108 128 142 126 148 92 237 230 159 143 127 100 87 95 109 126 142 147 10O 88 106 157 201 170 132 100 102 141 193 193 149 132 93 120 1(12 153 155 98 100 94 113 157 154 156 105 100 91 73 83 120 79 55 10O 89 113 178 178 161 122 85 35 54 80 82 138 62 108 153 155 170 99 196 89 49 96 39 198 109 189 243 255 283 139 85 104 120 115 139 182 144 197 189 210 271 182 104 131 166 185 206 99 38 80 120 128 136 99 47 92 136 147 155 67 68 79 88 119 114 114 82 88 94 85 92 96 91 86 ! 88 82 80 78 71 164 148 149 144 ' 32 42 52 65 213 231 132 180 121 110 111 133 229 269 95 104 167 164 143 151 122 122 122 128 139 135 136 141 81 82 89 101 96 94 91 98 137 119 132 93 i 93 98 105 ' 77 80 80 82 135 146 153 161 56 63 76 92 281 180 284 322 117 114 115 114 195 137 164 252 157 156 157 169 121 128 124 126 142 149 142 142 89 98 112 73 87 82 83 84 146 171 93 224 135 215 82 239 109 119 123 112 75 75 74 78 172 152 165 156 100 91 79 81 208 243 353 220 117 123 118 111 205 178 244 185 182 196 206 189 129 128 127 128 148 145 146 139 91 116 128 128 81 83 89 87 159 162 163 172 211 211 262 179 118 96 113 79 99 96 103 116 77 71 68 68 165 150 149 145 104 122 130 125 251 192 194 308 105 105 107 112 196 150 129 238 166 161 163 179 127 124 126 130 148 147 145 143 128 120 102 106 84 81 81 87 136 139 158 112 163 153 169 203 206 125 108 147 122 105 98 123 110 113 122 126 67 68 73 77 141 147 148 165 112 95 66 52 234 274 333 246 112 115 124 134 196 236 308 254 183 189 199 211 124 134 133 131 146 159 147 148 128 118 134 125 85 85 89 93 1935 January February March April... 196 197 194 182 185 191 159 146 228 205 269 120 204 143 188 109 130 128 120 116 81 83 82 82 174 162 178 169 47 41 42 45 283 278 262 244 141 136 133 127 246 300 307 245 233 216 204 183 145 134 145 137 162 153 171 155 129 83 163 138 96 95 92 87 May June July August . 134 169 177 178 169 160 160 162 73 106 .125 189 90 164 158 182 121 124 128 128 82 78 78 81 172 159 165 166 52 56 51 42 298 263 238 314 126 127 131 138 242 254 197 271 183 190 186 210 137 136 133 132 151 150 150 143 147 137 136 99 87 88 91 95 September October November December 174 166 155 168 143 127 147 146 120 128 99 138 126 150 107 175 127 137 140 140 82 85 85 90 164 175 175 186 29 18 17 23 293 340 309 255 141 151 157 156 272 244 345 332 218 218 223 213 132 138 131 134 150 163 155 155 89 80 79 93 94 94 94 91 201 136 109 1913 mo. a v _ _ 1914 mo. av___ 1915 mo. av___ 1916 mo. av.__ 1917 mo. a v _ _ _ 1918 mo. av.__ 1919 mo. av_._ 100 86 111 128 132 133 74 100 120 123 150 152 112 104 100 83 108 173 118 15 84 1920 mo. av._. 1921 mo. av.._ 1922 mo. av 1923mo.av___ 1924 mo. a v _ _ . 1925 mo. av.__ 116 59 131 160 146 174 159 159 191 176 174 158 172 122 129 138 174 150 110 47 117 135 127 1923 May June July August 165 148 145 151 179 171 162 152 162 111 106 150 118 115 132 133 September October November December 124 151 185 131 160 166 158 170 122 191 56 86 ._ 134 242 125 207 197 176 188 154 May _ June __. July August . _ 143 118 107 131 September October.. | November December 1924 January February March April 1936 January February March.... April 100 87 | 97 147 135 124 78 149 100 2 78 87 98 140 143 109 65 72 94 112 128 139 May June... 1 J For numerical data and complete explanation of sources, etc., see Tables 20 and 21, Eleven months' average, August missing. 151 212 91 136 Table 112.—INDEXES OF COAL ANTHRACITE BITUMINOUS Production YEAR AND MONTH Exports Consumption by vessels Production Prices Prices Wholesale, Mine KanaRetail, averChiwha, age cago f. o. b. (spot) Cincinnati Production Exports j COKE Whole- Retail, sale, chest- chestnut, nut, New New York York Price 1 Exports ConiiellsvHle Beehive Byproduct 100 100 88 111 150 176 204 198 100 100 ; 68 91 120 144 172 73 74 | 73 133 338 | 215 j 194 242 155 224 296 267 315 94 32 52 126 67 97 442 149 ! 290 224 1 148 i Relative to 1913 1 913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average - 100 88 93 105 115 121 97 100 77 93 105 120 111 100 100 94 97 ii<j 191 115 62 106 85 87 87 88 118 101 109 100 102 89 72 94 93 91 150 264 210 211 100 100 100 122 208 177 187 121 98 53 59 52 56 459 207 295 224 169 167 266 207 237 196 156 155 100 100 99 97 96 109 108 96 100 92 85 100 129 107 107 100 102 102 101 144 136 143 176 | 178 198 192 169 180 ' 98 99 60 102 96 68 116 101 57 110 86 68 179 198 200 205 214 ^211 177 194 197 ; 204 201 •; 207 62 110 111 107 114 129 121 132 128 200 200 200 200 196 196 j 198 | 201 ! 70 68 61 58 315 300 309 306 223 88 82 136 211 213 i 193 i 192 ; 112 99 99 51 116 107 95 210 216 216 216 208 209 209 ! 208 ! 53 50 42 41 295 293 273 284 130 107 37 62 197 163 167 169 79 87 89 71 216 216 216 207 208 203 206 194 44 46 51 41 292 281 304 284 73 74 73 52 100 100 105 112 129 156 10O 100 103 105 121 132 155 69 82 106 99 91 59 ; 2A 31 !r.S 1 1923 120 118 117 127 150 161 152 141 71 68 07 70 216 207 193 195 200 188 177 177 120 128 111 103 118 99 84 72 61 57 55 48 195 183 181 176 177 132 119 104 76 71 85 76 64 50 52 47 54 81 79 84 90 85 95 109 93 106 121 106 116 January February March.. April May June__ July August . _ . ._ . September October. . 183 184 183 183 181 182 ; i 154 182 181 181 183 175 168 166 166 154 154 181 181 178 168 1 [ 101 97 104 87 58 53 54 49 166 165 161 162 154 154 154 154 163 163 | 163 163 99 98 99 91 79 100 84 73 208 210 212 214 195 196 197 ! j 198 29 21 17 17 265 229 224 231 55 66 67 .58 140 132 ! 121 ' 123 100 102 65 73 49 55 45 55 165 171 167 167 154 154 154 154 163 | 171 169 169 97 98 87 94 94 105 82 93 216 216 216 221 203 203 203 207 20 24 24 34 240 274 276 308 58 77 78 77 128 128 132 165 130 98 94 85 65 55 61 59 51 46 49 55 170 166 161 159 154 154 154 154 177 177 176 175 97 94 92 95 86 84 58 66 221 221 206 203 206 207 207 196 42 38 38 29 322 295 326 313 86 84 90 73 190 167 144 130 May June . July August .9 93 99 113 91 96 110 120 62 61 64 69 160 159 158 166 154 154 154 ]54 168 171 171 173 104 99 109 118 94 91 134 138 205 206 208 210 196 198 199 201 24 21 19 22 310 298 299 299 81 68 88 88 128 119 119 131 September October 117 133 127 132 109 83 99 93 56 176 174 185 176 159 154 154 154 185 187 ! 201 1 197 1 1 47 13 9 2 212 212 213 216 244 I2) (-0 27 36 43 47 301 321 334 355 F'5 97 119 179 152 268 2S2 1S2 November December • 1924 January February March__ April _ May June July___ August . September October November. _ ... December. ! 165 | 172 ' 171 : 155 ; 1925 November December 53 53 '" 91 - • (2) ' i 1926 January February March.. April... . _ i| _ _ ! I May June. 1 2 For numerical data and complete explanation of sources, etc., see Table 23. No quotation. 3 Eleven months' average, December missing. 4 Ten months' average, November and December missing. II 137 Table 113.—INDEXES OF RUBBER AND LEATHER CRUDE RUBBER HIDES AND SKINS Wholesale prices Imports Imports (ineluding latex) YEAR AND MONTH Wholesale price, Para- Total Island, hides and New York skins LEATHER Green salted, packers' Calf- Cattle Goat- Sheep- heavy skins hides skins skins native steers (Chicago) Sole and belting BOOTS AND SHOES Upper Wholesale prices WoPrice Men's Men's men's Price sole, black Exblack dress chrome oak, kid, welt calf, ports calf, Ex- scour- Exbintan Good"B" ports grades ports ed, year calf cher backs welt (St. (Bos(Bos(Boston) Louis) (St. ton fy ton) Louis) Calfskins, country No.l (Chicago) Relative to 1913 1913 1914 1915 1916 1917 1918 1919 monthly av monthly av monthly av monthly av monthly av monthly av monthly av 1920 monthly av 1921 monthly av 1922 monthly av 1923 monthly av_.._ 1924 monthly av 1925 monthly av 10O 10O 100 100 100 100 100 100 100 100 100 100 100 1.12 130 146 127 73 150 88 64 82 39 10 84 138 183 181 166 99 182 85 88 116 99 70 149 97 110 149 123 77 125 107 132 142 178 164 214 111 114 179 215 197 363 i 166 259 289 140 86 392 105 112 143 185 177 204 77 101 120 70 44 192 100 98 168 193 147 131 211 100 76 69 83 80 68 60 100 104 106 167 215 222 360 100 123 191 233 350 281 462 102 105 119 153 181 244 104 106 127 180 178 245 100 100 115 150 146 220 489 358 582 597 637 768 41 23 23 31 26 71 102 70 111 107 72 73 46 63 73 64 54 38 123 81 145 131 83 75 89 70 90 96 58 91 121 67 90 112 85 90 172 76 98 90 80 87 195 79 85 83 97 107 t j2 \ 46 50 72 62 191 122 116 114 101 109 82 40 76 70 79 88 366 193 164 163 168 174 167 89 53 73 62 65 288 225 209 207 201 205 257 195 150 153 154 162 255 169 147 142 128 133 163 163 163 163 69 68 75 63 202 201 201 201 153 153 153 153 142 142 142 142 58 | ; 1933 September October ._ November December . : __ 268 409 361 690 30 27 25 25 63 69 65 67 47 66 48 46 65 73 77 64 64 67 55 79 81 77 66 71 77 84 77 74 81 83 79 80 45 42 88 44 109 104 101 95 69 64 63 69 1934 Januarv __ __ _ February March April 508 731 481 881 25 24 21 21 54 70 74 84 41 57 52 47 57 70 85 94 44 68 67 82 70 94 94 121 78 86 76 66 83 96 100 85 52 65 52 85 98 98 103 103 61 67 80 104 163 | 171 171 171 i 45 60 62 68 201 201 201 201 153 153 153 153 142 142 142 142 May June July August 644 519 452 505 21 20 21 26 77 60 69 67 53 45 68 61 86 51 85 81 80 59 50 43 88 107 60 86 65 68 71 85 88 91 95 103 87 60 86 80 103 95 95 98 104 78 70 71 171 ! 160 160 171 90 61 54 61 201 201 201 201 153 153 153 153 142 142 142 142 622 905 782 613 28 33 35 39 66 64 80 94 66 54 45 56 73 75 119 123 40 52 46 68 89 80 59 74 87 88 95 95 105 103 107 111 70 74 72 84 99 99 104 107 76 85 79 74 171 171 171 178 57 66 59 68 201 201 201 201 153 154 158 158 142 142 142 143 763 573 39 38 43 42 83 74 87 99 35 38 46 40 100 82 76 112 99 96 112 96 80 61 141 155 92 89 80 77 114 114 108 79 67 72 40 114 116 116 111 98 76 95 76 186 186 186 178 61 55 83 83 204 204 206 206 158 160 163 163 147 147 147 147 52 35 54 41 62 54 91 68 49 83 99 85 94 98 116 84 113 78 80 90 96 97 106 115 113 62 53 46 66 109 107 103 103 75 £ 76 171 171 171 171 83 66 58 54 206 206 206 206 163 163 163 163 147 147 147 147 31 28 20 22 69 48 86 59 82 70 83 95 70 57 51 57 96 95 89 85 105 106 105 102 63 71 44 82 103 103 105 103 89 90 89 124 171 171 171 171 48 61 66 66 206 206 206 206 163 163 163 162 147 147 147 147 -_ _- - . - __ September October November December _ , _ 1935 January February . March April 767 754 Juno July August 857 746 753 775 102 82 63 88 69 69 September . October November December 612 804 876 935 73 96 106 95 65 49 67 60 Mav 1926 January February March April. 98 i i i _._'_ j ! May June.- ! _ II 1 For numerical data and complete explanation of sources, etc., see Tables 27, 28, 29, and 30. i 138 Table 114.—INDEXES OF LUMBER AND PAPER1 PRICES PRODUCTION EXPORTS ! NEWSPRINT PAPER OAK FLOORING 1 ! DougYEAR AND MONTH WOOD PULP Me- las fir YeElow; Pro- Ship- Orders If*"** Unlum- pine ! Doug- Yellow All All hnnlU-Ml ena Ol filled ber, floor- las fir pine species! species duction ments booKed montll orders No. 1 ing | com. Im- ports chan. Prices, Exroll, ports f. o. fo. Immills ports { Chemical Im- Price sul- ports phite 1 Relative to 1913 i 1913 monthly av 1914 monthly a v _ _ _ . _ 1915 monthly av 1916 monthly av 1917 monshly av 19 18 monthly a v _ _ — 1919 monthly av 1920 1921 1922 1923 1924 1925 monthly ay-—monthly av... ._ monthly av monthly av. monthly av monthly av 100 100 86 86 113 172 198 276 93 88 98 1 137 147 239 325 129 166 211 187 180 234 156 197 207 182 202 100 83 41 41 42 40 45 100 100 64 47 49 33 30 44 69 43 42 39 40 51 67 67 91 77 95 88 65 44 48 66 69 70 00 47 59 67 75 <5 100 96 95 103 85 94 94 80 | 103 114 110 119 100 100 100 275 100 20G 141 128 178 217 224 255 100 100 99 131 162 165 188 100 144 168 213 254 271 286 129 104 156 1G6 110 120 100 122 106 113 107 105 116 100 97 95 171 216 172 158 155 165 454 608 639 714 332 360 468 595 617 659 106 39 60 38 40 f3 290 242 178 188 186 198 138 114 128 178 150 178 ISO 143 279 298 342 358 295 157 115 133 116 121 112 138 173 167 73 151 100 114 148 191 174 92 184 100 122 156 1S7 147 78 1^3 100 151 163 213 243 244 137 100 104 104 161 186 343 451 522 647 130 226 398 431 588 713 104 230 389 472 588 631 245 312 218 319 415 447 : 1923 September O ctober November December 190 201 201 190 190 192 184 183 70 78 81 105 1924 January February March April 212 212 201 190 192 193 191 189 190 179 179 174 181 171 167 172 September October November December 174 179 179 179 173 175 184 193 1925 January February March April _ . . 212 201 201 190 May June Julv August May . June July August i i i : . 49 54 75 118 123 112 94 428 438 459 S90 506 518 477 457 582 501 494 620 382 367 393 390 4.11 479 518 655 601 625 592 630 33 31 36 .188 188 1SS 188 | 183 188 219 253 276 293 373 313 139 130 122 198 100 90 78 51 67 68 63 101 73 71 69 101 110 115 119 451 435 489 £08 517 507 508 540 690 470 426 424 306 303 385 424 776 728 704 631 587 564 665 611 47 39 36 44 188 188 188 188 126 126 161 132 285 399 278 202 117 118 118 118 95 64 77 76 68 63 85 70 73 64 72 70 120 111 102 635 561 552 659 505 505 706 800 472 476 463 428 565 495 574 690 i 115 566 493 510 527 618 636 612 602 39 52 28 41 188 188 183 183 95 94 129 152 266 281 368 388 97 69 73 58 81 74 73 81 74 111 114 105 98 541 633 555 554 633 707 594 577 554 568 755 653 404 390 397 416 623 494 657 732 j 81 82 105 589 623 614 684 25 47 40 37 183 183 183 183 175 218 178 209 425 434 350 425 113 113 115 118 204 205 204 198 94 58 108 94 61 70 75 95 70 63 82 85 112 110 120 121 626 573 623 651 579 581 675 739 554 549 589 610 483 501 499 491 738 722 644 650 | 615 606 698 675 44 52 28 54 179 179 179 179 161 197 135 155 457 335 386 286 118 118 117 117 _ _ 190 179 179 190 196 192 194 197 75 114 74 61 85 79 80 49 74 85 73 61 122 125 117 127 619 625 660 693 702 727 799 815 711 754 818 891 486 508 428 390 698 688 738 821 | 674 693 641 561 60 87 27 43 179 197 179 179 233 216 167 213 325 358 346 343 117 120 120 120 201 206 210 216 88 109 69 139 53 59 73 63 84 79 69 93 127 129 113 109 688 742 628 632 759 827 654 696 655 657 681 775 364 379 410 424 724 615 694 839 i . _ 179 179 179 168 52 50 82 54 179 179 179 179 177 235 251 232 357 377 354 374 120 123 126 130 ._ _ .. . . . . „ _ . __ . September October November December . 1926 January February March April ! I ! | I May June i For numerical data and complete explanation of sources, etc., see Tables, 82, 35, 38, and 42. I 59 59 68 79 1 ! | ! 604 792 681 666 118 i 117 113 113 139 Table 115.—INDEXES OF GRAINS AND BUILDING MATERIALS1 i BARLEY EYE I OATS __ Receipts Visible supply Whole- ReEx- WholeExResale ceipts sale ceipts ports 2 prices ports 2 prices PORTLAND CEMENT ! _ 1 YEAR AND MONTH i GRAINS BRICK Visible sopply i WholeWholesale sale price, net, price, Pro- Ship- Stocks without bags at end com- di uc- ments of mon tion Chi- Lehigh month cago red, Valley | N. ¥. 1 district i mills ExEx- Wholesale 1 ports ports prices 1 Relative to 1913 1 1913 mo. av_ 100 19 14 mo. av. 82 93 1915 mo. av. 104 1916 mo. av_ 1917 mo. av_ 76 68 1918 mo. av_ 1919 mo. av. 86 1920 ino. av. 1921 mo. av_ 1922 mo. av. 1 1923 mo. av. 1924 mo. av. 1925 mo. av_ 42 37 37 43 57 (Jl too 100 104 81 100 96 89 173 38 151 128 102 130 231 1OO 98 113 139 2.10 207 195 (58 58 40 47 50 79 102 147 105 67 101 163 202 102 101 105 131 135 100 100 1OO 84 92 122 135 182 243 100 100 100 10O 1OO 96 93 99 101 77 87 97 98 106 102 80 97 114 101 99 99 84 87 89 94 118 153 166 106 100 89 116 157 197 196 333 232 265 302 269 224 108 107 124 149 162 175 108 )07 131 153 164 65 91 85 82 117 143 180 153 159 170 172 171 230 208 194 211 197 197 103 | 124 96 92 125 305 309 320 311 168 161 164 169 193 180 186 2@3 90 82 72 54 .173 173 173 173 214 214 214 214 41 38 39 37 110 117 118 120 143 108 75 86 305 290 274 290 171 174 164 130 185 193 139 87 49 41 62 97 173 173 166 163 214 214 200 197 21 16 11 6 126 131 128 130 82 73 7-3 66 305 305 305 305 115 , 112 135 153 70 80 122 173 126 150 162 153 170 173 173 173 197 197 197 197 56 76 53 120 305 305 244 206 180 176 183 197 197 203 225 228 146 133 110 95 173 173 173 173 197 197 197 197 127 140 150 148 215 308 100 123 736 854 792 879 2,183 100 121 172 175 294 305 241 107 | 109 i 132 120 137 93 100 106 89 132 103 99 100 287 199 414 285 ! 418 | 192 3, 195 1, 622 2, 571 1, 721 I, 988 1, 554 294 191 139 118 114 ,178 8tJ 88 92 97 107 94 222 215 80 134 256 99 32 23 103 185 196 113 297 2, 993 2, 507 2, 163 1, 139 122 108 102 106 65 68 78 136 63 40 27 48 35 21 28 27 120 117 ! 413 265 273 157 1, 673 352 633 774 110 113 111 110 128 139 88 97 81 97 87 93 78 91 81 67 82 83 77 50 | ! I 1 100 7 298 291 310 358 184 100 112 132 121 170 206 186 15 212 103 106 117 136 124 100 67 191 168 149 171 173 ! i 169 j i ; j 222 201 109 129 100 j j ! | j ! I i | 1923 May ....... June Julv August 20 24. 22 56 26 23 17 33 25 25 56 176 108 103 104 100 September.. October November.... December... 80 67 50 64 58 66 63 65 141 98 18 26 105 108 105 110 1934 January February-.. March April 32 37 33 31 50 35 32 20 42 66 48 113 118 120 128 140 150 130 74 530 259 235 1,385 114 113 108 104 May June July August 24 44 17 42 15 9 6 17 31 35 72 96 122 124 133 136 192 129 383 366 1,290 2, -108 859 966 106 115 135 144 66 68 51 133 28 17 58 8 7 130 133 150 140 September __ October November.. December _.- 154 136 80 60 94 104 109 109 134 364 185 119 139 145 138 150 1,104 1,368 690 294 7,470 7,050 854 552 160 200 206 221 269 189 70 95 221 311 314 336 22 91 45 39 132 139 140 159 261 353 200 138 213 213 206 206 189 190 171 136 228 231 139 74 75 54 80 124 173 173 173 166 197 197 197 197 1935 January February.. . March April 55 46 37 22 78 77 76 55 104 60 59 64 156 159 147 140 165 218 64 116 779 609 1,321 6,935 249 248 132 176 113 68 62 56 339 334 2195 223 33 28 33 30 159 152 131 121 84 103 127 221 221 206 206 115 108 144 180 70 81 139 195 157 175 182 177 172 173 173 173 197 197 197 197 May June July August 29 37 34 132 36 33 22 67 110 46 133 312 142 142 141 139 352 69 31 150 3,739 1,050 2,448 668 187 171 154 168 57 84 80 234 164 164 122 239 129 79 142 234 129 135 126 110 121 79 114 122 229 236 236 234 202 200 204 214 226 237 245 249 164 146 124 107 173 173 173 173 197 197 197 197 September— October November.. December.- 166 71 53 48 120 112 128 145 623 208 171 66 120 119 114 115 513 255 201 173 680 82 40 61 139 132 135 163 141 91 68 75 305 302 300 291 208 157 81 82 106 107 107 112 148 87 71 73 225 225 225 225 208 208 178 141 240 207 138 94 91 98 130 164 173 168 163 163 197 197 197 197 i j i K 112 : 1 ! ! 1926 January February _. M^arch April May . June i For numerical data and complete explanation of sources, etc., see Tables 44, 45, and 56. ! Fiscal years beginning July 1 of year indicated. 140 Table 116.—INDEXES OF CHEMICALS, OILS, AND SANITARY WARE l Imports Exports Total SulNitrate phu- fertilof soda ric acid izer Exports Flaxseed Cottonseed oil Total vegetable oils YEAE AND MONTH Potash ENAMELED SANITARY WARE VEGETABLE OILS CHEMICALS Oleomargarine Minneapolis and Duluth Pro- Con- Be- ShipIm- Wholesale duc- sump- ceipts meiits Stocks ports price tion tion Orders shipped Linseedoil cake Linseed oils LavatoSinks ries Baths Shipments from Minneapolis ! Miscella neons Relative to 1913 100 100 2100 100 61 109 58 41 36 61 2 124 2 96 2 141 2 172 2 305 3 316 91 94 147 212 277 332 2 334 133 249 245 316 259 7 13 22 25 71 72 61 78 233 119 79 106 130 135 126 114 104 126 121 92 May June Julv August _ September _ - October November December 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. 1918 mo. 1919 mo. av_ av_ _ av__ av_av__ av__ av__ 100 79 28 4 4 7 23 mo. av__ mo. av_ _ mo. av_mo. av.. mo. av_ _ mo. av__ 10O i 100 100 75 35 50 35 9 6 100 100 78 65 70 73 61 66 69 57 62 61 53 61 100 107 US i 128 ! 83 i 49 87 100 104 117 137 94 68 96 100 108 132 139 91 62 102 100 30 23 36 24 21 14 49 42 37 74 116 98 17 29 20 28 121 79 33 70 10 19 27 46 52 54 54 71 72 89 40 50 36 57 58 80 129 104 188 227 240 277 108 122 192 231 231 267 113 124 178 214 225 242 98 107 144 184 224 197 167 179 203 175 194 217 141 72 70 159 76 84 36 76 48 32 84 110 103 101 55 80 88 81 219 286 229 204 238 309 255 233 200 265 219 221 172 214 195 203 204 190 185 169 201 199 197 169 28 17 16 27 28 25 22 26 17 11 9 90 74 80 59 82 52 53 29 240 247 293 259 272 276 313 268 258 257 295 244 236 239 280 251 135 144 167 193 147 127 128 131 147 118 127 134 25 20 20 15 21 17 13 12 9 4 3 2 41 43 41 28 23 34 35 31 254 213 244 259 232 205 195 218 237 210 206 248 219 214 224 216 191 260 250 150 155 151 158 159 166 141 166 170 162 144 109 185 518 428 102 139 494 541 125 39 82 70 52 58 122 118 111 53 97 98 104 j i | 263 236 188 185 216 221 180 176 207 215 171 187 239 097 33 17 19 9 278 246 370 274 154 148 154 153 158 143 163 157 161 134 170 144 75 43 39 25 40 34 31 20 44 35 21 97 95 97 92 104 99 69 52 1 236 | 234 266 I 271 i 259 258 255 258 238 227 235 254 229 206 226 23S 103 79 100 78 11 19 9 12 232 276 210 221 147 148 158 156 145 127 131 142 156 122 124 144 37 41 38 71 27 16 29 48 17 21 19 10 88 83 62 72 41 1 256 274 311 294 243 248 254 238 204 193 136 92 73 54 105 14 28 33 33 150 244 278 326 147 136 140 146 160 214 217 169 216 211 207 283 279 178 70 157 207 82 111 83 80 91 117 96 78 83 113 117 108 293 295 221 228 262 273 198 180 184 145 141 2100 100 299 100 U05 198 241 254 99 99 105 161 227 245 212 108 140 155 151 151 248 147 127 157 102 253 148 126 159 162 160 124 164 156 211 162 165 162 151 158 186 186 183 16 13 16 12 373 499 484 509 152 139 135 139 105 59 82 73 10 8 7 354 273 163 224 155 105 104 117 64 85 65 76 4 9 34 34 172 182 378 298 126 116 88 110 55 65 79 72 35 62 116 94 259 113 132 177 83 82 44 55 132 78 88 121 109 93 142 82 59 47 51 72 87 123 195 247 295 65 136 802 686 656 829 220 71 26 27 24 1 16 ! 45 67 39 90 86 87 98 211 59 86 142 159 178 229 132 129 85 116 78 98 62 65 76 74 80 58 76 24 16 14 20 1923 September October. .. . November December 62 101 65 109 99 109. 58 168 106 44 66 45 109 53 71 43 1924 January _ _ February March ApriL _ _ 116 112 101 48 305 ' 287 222 140 71 105 75 127 43 24 46 43 141 72 97 118 September. .. October November December 87 137 125 145 1925 January February March _ . _ April 1920 1921 1922 1923 1924 1925 May June July. August 1926 January February M^arch April JVIfty Jun@ 2 2 100 2m 62 j | 282 297 337 ' 325 52 48 81 , ; 308 320 217 235 .. _ i i 1 j 1 i i 1 For numerical data and complete explanation of sources, etc., see Tables 22, 49 and 52 . Fiscal years beginning July 1 of year indicated. 56 50 i 68 ; 43 ! 44 I 38 •: l I i |. i 2 100 '- i i | ; ' !; 1 .110 93 130 70 74 90 161 149 141 Table 117.—INDEXES OF WHEAT AND CORN1 Wholesale prices Exports CORN WHEAT WHEAT FLOUR Whole- Wholesale prices Exports Visible supply Exports sale prices Visible GrindUnited States Canada No. 1 No. B supply ings Stand, Winter north- red pat. strts.. United United Canada MinKanIncl. ern States Canada Wheat flour States Wheat spring, winter, neapsas Chicago only only City olis as Chicago i wheat YEAR AND MONTH i i Cash, Corn, cont., inct. grades, corn No. 3, meal Chicago 1 Relative to 1913 100 91 111 126 118 146 129 100 1 ' 100 103 146 115 55 92 32 33 107 118 122 100 34 1OO 111 117 132 262 257 255 285 161 141 127 145 183 256 | 146 126 i 119 129 180 56 186 226 105 116 153 121 116 133 131 150 140 45 282 354 95 43 29 226 93 100 131 155 167 63 347 766 685 127 131 120 122 106 111 108 no 22 10 29 88 133 153 133 135 33 18 28 56 142 162 135 117 94 78 73 65 147 140 160 73 124 129 128 124 112 114 110 105 94 185 245 178 161 170 187 153 77 91 103 55 121 128 127 126 34 60 49 203 56 80 59 64 492 287 193 98 129 138 153 149 108 114 127 J33 121 82 49 50 120 134 139 153 47 26 17 20 126 134 169 187 41 159 235 243 394 544 336 215 305 416 273 189 123 171 322 356 148 163 168 185 136 155 160 178 58 76 73 159 152 165 130 132 21 19 24 15 186 177 181 197 137 124 106 80 243 233 230 178 102 89 120 102 100 90 126 99 73 49 53 59 209 202 185 170 203 207 179 173 259 308 329 227 161 148 135 125 23 18 J 203 199 186 173 188 195 181 197 62 51 56 64 149 123 69 23 119 85 64 95 101 84 68 92 178 117 156 183 184 177 174 186 192 184 161 170 168 144 61 64 119 131 106 133 22 25 22 22 182 176 178 168 193 193 198 205 91 83 83 92 179 233 317 365 113 53 57 45 94 69 67 64 189 500 416 580 170 170 177 194 169 166 174 182 53 20 28 172 141 168 155 155 32 33 31 88 147 132 135 127 1913 monthly average. __ 1914 monthly average... 1915 monthly average... 1916 monthly average. __ 1917 monthly average__. 1918 monthly average... 1919 monthly average._. 100 104 128 117 113 177 215 100 10O 111 145 159 249 (2) 262 100 107 146 158 274 268 278 10O 96 97 110 51 85 131 100 100 95 114 162 179 206 192 100 98 187 146 79 100 175 207 155 107 112 149 100 150 179 | 142 109 173 172 1920 monthly average.. _ 1921 monthly average. _. 1922 monthly average... 1923 monthly average... 1924 monthly average... 1925 monthly average.... 162 137 122 133 103 91 97 149 194 227 234 211 277 182 159 139 157 193 301 183 160 139 156 200 70 62 62 96 99 86 75 112 173 195 216 195 219 281 166 99 191 93 1923 S eptember . _ October November-December 153 204 174 175 112 283 333 311 136 135 132 133 137 140 136 133 122 132 138 141 95 247 331 383 168 150 139 101 258 268 343 218 135 138 137 139 137 139 139 138 126 122 112 96 96 115 77 93 259 221 150 153 145 150 163 164 142 145 152 162 143 183 158 142 281 223 203 162 175 178 194 97 92 135 93 214 204 339 174 67 80 76 85 78 99 85 99 1924 January | February March . April _ Mav June Julv August 1 September • October, November December _ . ___ 1925 January Februarv March i April..... May June . July August _ September.-. October November December _ 100 100 126 72 157 189 150 42 114 147 155 254 245 281 198 229 149 110 153 88 78 129 136 214 256 213 186 111 50 60 174 145 94 101 376 387 372 286 53 37 36 45 76 61 73 128 191 138 96 61 158 173 179 202 148 161 176 161 212 215 197 180 229 225 207 183 118 146 200 169 194 186 189 193 162 251 297 255 181 181 186 200 100 102 133 137 231 224 239 ! \ I 1926 January February March. ._ April May June i I 1 For numerical figures and complete explanation and sources of data, see Tables 54 and 55. 2 No quotations available. 142 Table 118.—INDEXES OF ANIMAL PRODUCTS1 LIVESTOCK PRICES Cattle YEAR AND MONTH Hogs Steers, good to choice, Heavy, corn Chifed, cago Chicago PORK LAMB TOTAL FLUID MEATS MILK BEEF Prod., snsp, slaugh- Exports Wholesale prices ter j Production, ExinLard, spected ports Smoked prime Ewes, Lambs, Total hams, slaughChiChiprod- Total conChiter cago cago ucts tract, cago N. Y. Sheep FISH Receipts ProProTotal ducduccatch, tion, tion, prinininGood . Steer spected spected cipal native rounds, slaughfishing Greater slaugh- New steers, No. 2, poris ter ter ChiChiYork cago cago Wholesale prices I .Relative to 1913 1 1913 mo. av.. 1914 mo. av__ 1915 mo. av_. 1916 mo. av.. 1917 mo. av_. 1918 mo. av— 1919mo.av._ 100 100 100 100 100 10O 106 102 113 151 193 206 100 85 115 188 210 218 100 108 127 153 220 241 200 104 119 141 207 222 207 94 110 119 94 122 123 94 138 147 132 229 268 1920mo.av._ 1921 mo. av., 1922 mo. a v.. 1923ino.av__ 1924mo.av_. 1925 mo. av__ 170 103 111 117 114 125 170 101 112 92 101 150 137 73 124 130 147 154 204 128 170 173 183 195 113 117 130 160 151 128 1933 September., October.,.,, November. . December.. . 125 123 116 115 103 93 85 84 117 113 121 137 169 184 158 160 1934 January February. _ _ March April 111 114 118 127 86 85 88 89 153 180 213 212 May June July August 121 113 112 112 89 87 98 115 September _. October November. . December. _- 106 112 108 112 1925 January February. _March April 100 101 92 111 152 192 207 100 94 85 122 197 232 284 156 169 151 202 172 124 201 161 160 128 122 163 116 149 183 205 208 193 194 230 171 187 202 205 205 177 160 145 141 103 103 127 182 189 176 170 118 129 115 119 115 124 135 162 103 Ul 120 117 129 133 161 150 May June July August 114 123 136 142 September.. October November.. December— 146 140 124 118 100 100 100 100 95 101 116 139 158 136 100 89 313 236 239 473 235 100 105 100 107 167 171 180 102 95 99 124 169 171 98 84 82 64 70 84 95 105 116 110 133 126 101 106 108 110 118 125 181 101 105 112 121 153 119 113 126 130 133 138 143 112 106 100 98 77 178 126 116 122 132 139 163 111 111 117 116 121 75 90 76 81 82 85 113 114 125 144 14.0 130 136 143 149 165 167 173 134 132 126 123 116 121 128 120 134 156 139 123 110 104 89 70 135 135 135 132 132 118 104 103 81 87 78 84 121 148 160 167 161 161 153 156 150 148 116 90 274 232 214 168 116 111 114 114 116 106 105 102 137 114 115 121 73 86 95 101 131 131 131 131 106 111 115 118 93 79 76 74 173 147 138 132 158 150 165 j 160 | 76 124 130 122 151 154 153 115 140 133 181 165 117 118 123 134 100 101 115 130 135 116 132 135 102 87 103 106 131 129 127 127 129 133 130 129 81 77 82 85 14! 135 141 121 172 176 ! 177 114 136 167 148 169 172 171 205 103 117 140 191 140 162 112 147 134 130 123 125 131 150 139 154 146 187 140 134 120 123 106 68 127 132 111 141 122 104 98 95 93 95 78 72 119 136 137 163 167 170 161 163 147 150 104 91 185 180 196 169 226 221 206 182 199 152 115 109 176 140 150 101 132 139 162 170 151 146 155 146 146 105 129 131 60 64 162 88 141 141 141 141 102 103 113 117 87 77 89 89 173 130 119 116 161 152 174 167 82 134 175 134 146 152 165 157 139 120 145 137 158 191 188 187 116 136 107 96 133 127 110 101 154 158 176 180 148 160 165 163 132 127 145 135 105 97 85 81 138 135 138 143 124 132 147 143 89 80 86 85 121 130 121 110 179 194 185 179 127 187 182 199 154 140 135 130 132 137 145 172 194 194 196 205 97 122 127 162 122 99 93 140 176 170 170 168 162 149 147 136 144 173 137 152 70 03 57 82 143 143 137 131 132 122 109 100 90 91 75 86 115 140 128 154 177 173 167 170 208 157 112 70 1936 February March April * For numerical data and complete explanation of sources, etc,, see Tables 59, 60, 61, 63, and 65. j I I 1 179 : 1 100 100 106 125 118 137 128 116 101 120 119 126 147 ! 143 Table 119.—INDEXES OF SUGAR, COFFEE, TEA, AND RICE 1 SUGAR ReWholesale Retail Visible supply, ceipts, Exports prices price end of month LouisReiana cepts From From crop ReRaw, Granin forHaat fined, 96° ulated, 51 World United Brazil eign waii New includ- centrif- in total States cities ing and counOrugal, bbls., P. R. tries leans maple N. y. N.Y. Imports YEAR AND MONTH RICE TEA COFFEE Clearances from Brazil ShipIm- ments, Im- Exports ports New ports into OrU.S. leans Imports into To Total United U.S. States Relative to 1913 ioo 100 62 53 87 59 45 50 100 96 80 79 100 86 94 110 142 101 66 IOO 122 111 127 102 82 84 100 119 144 137 151 129 156 100 121 112 131 106 132 80 100 125 121 138 155 136 91 100 110 130 161 181 182 209 100 108 120 146 169 176 205 1OO 754 1,860 3, 054 1, 952 787 2,850 100 110 133 165 179 183 215 100 115 112 117 105 109 149 110 119 119 142 149 91 120 116 152 162 164 150 100 101 111 94 116 233 71 182 245 474 752 608 1,365 106 111 102 95 118 150 170 131 206 157 174 100 29 54 57 87 41 31 1,785 1,803 3,548 858 851 1,466 372 137 133 200 170 122 297 144 139 195 174 128 353 146 132 184 187 131 67 75 74 50 41 44 92 92 59 49 40 40 58 111 94 96 124 103 90 101 105 119 117 112 162 131 127 1.59 148 150 152 158 146 165 166 150 102 86 109 120 104 114 131 187 162 132 92 79 57 33 28 21 17 29 1,422 2,123 1,491 1,233 561 237 1923 May June July August 158 112 106 86 209 117 122 115 4 4 7 8 2,268 1,644 165 136 227 213 198 173 220 215 199 178 204 202 191 175 46 45 47 49 45 47 43 39 31 60 108 133 69 72 78 156 91 79 86 204 127 100 98 103 73 90 130 129 119 77 96 60 13 49 8 11 1,528 1,142 1,690 443 September October November December 112 49 8 8 114 159 93 63 12 140 234 408 222 144 159 96 199 217 208 209 193 210 203 207 175 193 187 189 49 45 40 36 51 51 48 39 132 132 125 127 168 183 138 130 226 246 190 192 164 199 232 202 174 192 166 185 92 139 181 120 3 4 14 15 448 803 800 1,474 1924 January February March April _ 56 133 156 130 131 233 266 219 138 11 1 1 182 373 748 1,316 192 207 197 182 196 204 199 186 185 187 189 181 36 35 33 37 37 31 36 35 129 110 116 118 115 131 112 74 128 162 147 118 193 155 180 158 106 70 82 80 135 120 105 56 23 17 31 19 1,321 771 785 506 May _ . June July A ugust 193 237 182 121 211 186 215 153 2 2 4 6 1,560 1,159 1,145 2,030 161 146 145 154 170 152 154 155 167 151 153 149 39 42 37 44 36 41 48 53 112 116 57 161 95 105 101 147 119 161 103 144 171 155 192 160 56 86 107 116 42 20 25 1 17 26 9 20 330 160 101 104 .. 103 68 30 11 175 138 88 76 3 1 87 234 1,273 279 96 45 170 172 166 151 167 171 169 169 156 160 160 160 48 48 48 46 40 42 44 33 175 161 131 103 143 175 122 93 181 210 170 135 118 188 164 161 122 159 145 117 137 177 200 89 85 6 8 14 120 390 941 1,197 . 80 174 211 256 156 212 254 277 19 3 3 366 733 1,114 1,053 131 132 135 127 142 137 138 132 147 140 140 136 45 43 45 45 39 36 48 38 92 80 93 75 105 76 78 69 159 96 118 71 153 113 190 121 103 82 100 65 130 76 70 56 22 41 51 32 474 496 344 275 217 216 178 155 232 220 185 163 1 4 4 1 1,675 1,802 2,568 3,496 123 126 122 124 128 128 123 125 131 104 129 127 43 42 43 43 29 39 44 47 52 75 115 123 62 125 125 150 74 172 178 202 112 124 167 138 56 65 129 137 69 23 53 60 29 18 33 57 229 191 61 112 147 106 32 27 183 137 125 129 5 156 170 2,109 1,122 993 557 122 110 115 118 127 117 120 123 127 124 120 122 43 43 43 43 39 32 43 48 156 132 120 124 145 155 128 121 179 173 193 186 188 158 162 181 162 176 149 141 80 110 102 120 13 10 12 87 58 123 181 303 40 37 121 101 146 1913 monthly av.-_ 1OO 1914 monthly av_ _ _ 102 104 1915 monthly av... 113 1916 monthly av... 1917 monthly av__. 120 1918 monthly av... 99 1919 monthly av___ 104 1920 1921 1922 1923 1924 1925 monthly av... monthly av... monthly av... monthly av__. monthly av.__ monthly av... September October November December 1935 January February March April May June July i August September October November December 1926 January February March i April 100 j May.,. June _. * For numerical data and complete explanation of sources, etc., see Tables 57, 64, and 65. ' 100 144 Table 120.—INDEXES OF TOBACCO AND SHIPPING 11 TOBACCO Unmanufactured Production (crop estimate) Wholesale price Total, Burley, includ- good leaf, ing im- dark red, ported Louistypes ville Ex- Chewports, ing, smokleaf Cigar ln %f types snuff, and export types ~ Consumption (tax-paid withdrawals) Exports Manufactured Large Small tocigabacco cigars rettes and snuff Cigarettes ! &^ • ^® i 09 &G Manufactured products Stocks (quarterly) YEAR AND MONTH VESSELS (tonnage) Constructed Cleared in foreign trade Aban-l! O§ doned ! $«* i t Lost < V : U.S. World (seagoing) (Qty.) Amer- Forican eign Total Sault ^ Can a! Quarterly Relative to 1913 1913 rno. av. 1914 mo. av. 1915 mo. av. 1916 mo. av. 1917 mo. av_ 1918 mo. av_ 1919 mo. 1920 mo. 1921 mo. 1922 mo. 1923 mo. 1924 mo. 1925 mo. av. av. av_ av. av_ av_ av. 100 I 79 1OO 111 104 115 169 277 100 99 100 105 109 112 100 95 87 93 100 93 100 108 115 163 227 300 100 104 90 184 303 524 100 91 33 94 176 538 1OO 86 36 51 88 164 10O 101 109 94 101 108 82 88 93 104 109 111 108 114 117 134 129 137 147 151 245 259 222 208 210 197 188 96 90 87 95 93 93 92 93 105 89 91 92 88 86 341 287 327 344 414 456 514 699 683 358 495 532 457 351 1, 022 723 354 46 34 38 214 176 130 74 49 61 65 167 227 201 211 186 200 188 100 108 111 121 131 151 10O 78 98 108 58 92 1OO 103 113 101 114 120 100 93 154 166 112 131 159 130 142 174 106 117 98 113 131 107 127 127 151 138 149 164 171 » 80 107 123 133 125 100 100 93 j 90 87 | 93 90 99 76 92 68 i 84 68 87 84 85 100 100 109 ; ; 95 126 1 16 120 163 153 151 159 105 128 146 152 1924 January February March April 137 116 179 173 May June.July •^.ugu^t 125 126 120 152 92 95 September. _ October November.. December.- 125 124 143 130 103 155 124 121 1925 Janus ry February March __ April 98 66 88 84 May June... July August, 129 129 61 75 106 95 SeptemberOctober November. . December.. 131 129 133 142 138 144 139 186 134 106 127 124 150 97 134 183 114 164 120 160 i 153 156 110 100 149 140 139 188 114 165 165 115 150 159 171 105 96 142 147 632 529 496 554 30 30 35 66 40 80 79 82 79 483 374 406 411 512 342 340 587 13 6 62 98 94 91 93 95 88 89 94 91 493 498 508 487 603 629 385 405 46 55 36 1 .186 186 186 186 99 103 82 77 96 101 95 81 484 501 413 420 449 361 434 433 43 23 30 41 186 186 186 186 96 90 93 92 75 72 80 78 513 438 484 467 366 380 373 501 45 12 65 21 186 189 189 189 93 94 96 96 90 91 88 499 573 587 539 520 367 164 370 50 34 76 6 189 189 189 189 98 103 82 77 91 113 95 75 549 534 503 482 174 253 259 488 60 42 11 32 92 98 90 71 95 113 103 212 212 212 212 103 96 94 89 212 192 186 186 66 64 66 47 73 71 57 59 196 215 231 179 109 102 92 84 133 134 130 111 145 153 160 198 87 83 78 88 103 103 101 118 259 199 218 230 100 110 121 119 144 135 148 150 230 234 211 166 112 120 95 87 145 152 127 109 146 140 159 192 102 87 95 100 114 101 113 125 195 198 206 207 109 121 132 134 133 142 152 154 196 239 196 160 117 111 100 103 139 147 127 119 100 69 j 89 • 115 113 107 63 79 1 ; 140 I 314 1576 , 1546 i ii II ! 429 484 414 342 212 212 212 212 100 124 181 124 105 88 136 200 155 93 100 102 128 131 1 1923 September _. October November December. . 100 124 143 106 215 326 62 866 128 130 1,448 None. ! 111 1 107 - 1 'None. 'None 1,673 !: None. :':' 16 ! »' ; 91 i 916 39 : 112 ! Til 1186 I 738 None. - ._; None. 897 ;None. '• 36 71 49 i ' ! i 40 32 i : _. : , May 112 110 117 117 341 . i i For numerical data and complete explanation of sources, etc., see Tables 58, 66, and 67. 97 104 66 17 J 162 99 111 _;', 1926 January JVlarch April 86 99 61 83 112 90 103 109 117 84 18 ,145 Table 121.—INDEXES OF RAILROADS AND AUTOMOBILES1 AUTOMOBILES RAILROAD OPERATIONS PULLMAN OPERATIONS Revenues 1 YEAR AND MONTH Fr't Passengo* PasResenTons ceipts cargers per carried tonried 1 mile mile lmi!e Net Oper- operating ating exTotal inoper- penses come ating ExRevenue penses Passengers carried FR'T CARS LOCOMOTIVES Production, pasNew senger Excars, Total orders, U.S. ports, shipdosteam ments mestic and Canada Exports Passenger cars Accessories and parts (value) 100 118 177 324 377 201 359 100 10O 86 162 239 254 143 259 90 i 266 383 504 536 678 67 19 143 i 75 113 62 408 333 517 802 707 827 550 120 259 491 587 944 1, 373 622 610 ! 940 1,173 1,341 Relative to 1913 1 1913 monthly av 1914 monthly av 1915 monthly av 1916 monthly av 1917 monthly av 1918 monthly av 1919 monthly av 1920 1921 1922 1923 1924 1925 100 102 1 129 102 117 . 126 137 too 146 177 164 155 155 100 94 101 121 133 163 168 100 94 93 102 120 150 171 100 95 101 118 132 161 169 100 96 95 109 131 184 203 100 89 117 146 136 96 72 100 96 92 144 128 133 121 100 100 100 99 100 118 135 204 185 189 218 205 214 186 167 156 166 156 153 203 182 184 207 196 202 267 211 204 227 209 210 8 86 108 137 137 159 137 105 115 139 131 monthly av monthly av monthly av monthly av monthly av monthly av i 100 54 127 168 361 217 195 100 39 37 75 110 121 73 158 126 128 138 137 143 349 205 76 54 39 73 65 37 35 87 40 31 206 218 223 74 158 137 123 136 46 32 63 54 109 101 98 108 19 8 11 153 786 880 751 728 485 485 504 467 1,014 940 841 1,019 174 162 163 171 222 215 219 221 131 120 127 129 34 44 49 51 49 32 43 24 61 186 363 113 764 893 928 901 585 618 651 733 1, 174 1, 341 1, 540 1, 658 169 195 184 2.08 220 197 231 213 130 150 149 168 51 76 41 88 36 47 46 45 5 4 5 48 745 585 636 664 666 470 461 567 1,064 1, 254 1, 067 879 189 174 152 171 216 216 224 233 153 134 121 131 124 90 71 61 34 31 43 46 225 120 132 98 685 678 531 474 540 666 539 508 923 1,058 1,087 918 95 101 107 125 121 167 10O 98 95 110 126 144 173 100 105 98 112 j 130 116 150 138 110 102 112 107 175 156 159 176 176 198 230 188 199 219 202 171 156 176 • 100 57 90 143 119 152 18 1 1 1923 September October November December 221 250 224 195 184 163 151 176 214 230 209 194 229 245 224 214 154 173 145 117 144 154 140 122 153 160 158 156 126 109 100 1.14 188 199 210 194 159 145 151 148 184 188 198 186 212 206 215 208 86 120 134 104 126 132 133 117 151 152 156 164 105 96 100 98 June July August 195 183 192 203 149 167 169 182 187 183 189 199 210 200 204 206 102 110 124 159 124 117 121 133 157 156 158 152 102 118 123 130 September October . _ November December 226 248 215 205 162 144 137 158 212 224 198 198 210 222 206 210 195 212 156 145 143 158 139 128 156 155 152 152 114 98 93 104 1925 Januarv February . ___ . March April 198 190 204 196 154 135 138 136 190 178 191 186 211 196 208 204 no 108 122 111 135 | 123 ! 129 | 123 147 153 157 159 102 90 93 92 183 164 182 174 222 213 231 220 135 121 128 130 95 32 66 46 29 28 36 30 98 51 45 53 554 657 864 1,017 672 683 1, 079 1,104 911 1, 025 1, 616 1,561 May _ June July August 203 207 213 228 142 161 170 181 192 199 205 218 207 207 211 214 127 153 166 208 136 131 139 153 150 155 152 147 99 116 125 133 185 212 220 225 221 222 213 214 134 152 158 175 110 105 29 27 31 36 22 34 85 7 8 27 995 949 932 577 1, 139 803 768 1,229 1,736 1,401 1,091 1, 151 237 255 227 215 166 150 141 160 222 232 209 205 214 226 212 214 225 230 179 158 151 161 149 153 155 118 103 215 198 176 221 249 234 163 147 132 138 54 137 93 93 31 26 32 34 58 54 130 131 708 1, 057 875 742 871 857 981 1, 141 1, 440 1,438 1, 213 1, 508 1924 January February March April - _ .- 1 | September October November December . _ _ _. j 1 ! i | i 1926 January Februarv March April i! j ! i I May June | j i 10 j I I For numerical data and complete explanation of sources, etc., see Tables 17, 67, 68, and 69. 79396°—26 ! 146 Table 122.—INDEXES OF LIFE INSURANCE PREMIUM COLLECTIONS (new and renewals) NEW BUSINESS Ordinary YEAR AND MONTH Number of policies Group Industrial Value Number of policies Value Number of contracts Total Value Number of policies and contracts 1 1 Ordinary Value Industrial Group { Total Value Relative to 1913 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 100 99 105 121 140 141 227 100 97 102 127 149 155 271 100 108 113 109 109 114 122 100 106 112 113 118 127 150 1920 monthly average 1921 monthly average 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 259 208 211 248 249 271 330 273 299 359 380 440 132 145 153 174 185 212 179 202 228 276 315 378 264 275 242 230 390 402 355 338 210 182 160 149 221 240 247 299 307 342 359 437 216 231 293 267 100 219 227 378 857 1,186 2, 044 100 106 111 111 114 118 141 100 100 106 125 147 I 157 254 3, SOO 1,180 1, 920 3, 180 2, 640 2,044 3,300 4, 797 154 156 163 187 196 222 313 284 256 245 2,620 2, 635 3,164 1, 243 1, 266 146 176 173 179 241 293 283 295 980 1,540 1,760 343 352 443 405 202 171 183 186 346 277 302 305 279 257 235 218 418 400 374 338 200 177 157 160 199 227 270 288 304 350 366 471 January February March \pril 221 232 274 270 May June July August _ _ 100 104 108 117 130 140 165 100 100 107 115 123 134 147 168 144 269 397 856 1,489 305 257 289 356 385 462 194 209 229 256 283 321 189 210 239 279 317 363 219 199 174 163 389 395 336 322 263 257 250 247 254 271 268 269 4, 675 4,919 5,361 1,232 566 1,085 13, 339 159 187 186 200 298 331 346 513 218 252 255 308 254 285 271 453 4,708 1,102 888 2,018 2,240 2,550 204 181 202 197 351 337 420 398 272 278 286 291 277 280 304 271 7,594 1,780 2, 420 4,678 7,069 279 283 293 291 334 298 260 273 2,220 2,016 1,210 1, 805 1,322 214 188 170 170 410 380 357 329 294 277 290 255 306 304 285 302 6,764 6,336 7,997 6,497 302 287 295 270 162 219 169 238 279 382 290 435 1,500 1, 740 1, 116 168 220 186 246 305 422 362 551 244 2SO 236 364 314 310 297 553 5,967 8,403 7,203 263 293 278 413 375 389 466 454 163 193 213 211 284 342 373 379 3, 560 173 200 224 222 382 392 458 464 300 300 330 330 339 305 343 314 302 276 269 264 504 454 455 435 232 208 193 189 419 381 352 348 2,860 3,200 2,420 2,360 7,309 244 219 207 202 497 455 452 472 326 313 322 282 339 352 340 351 9,064 9,375 10,228 236 281 275 342 375 439 416 513 182 316 224 217 337 494 400 431 2,280 3,440 9,700 2, 177 3,136 6, 399 18, 110 191 310 233 239 381 478 465 646 276 334 336 405 344 361 363 603 13, 447 13, 722 19, 722 100 120 220 620 1, 620 1, 420 3,280 535 1, 327 2, 498 2,870 2,753 4, 161 4,292 4, 503 5,811 7, 272 12, 847 100 105 110 119 131 143 168 196 212 234 265 296 339 1933 !May June July August - - - - September October November December - - 9,120 1,980 1,500 9,760 5,347 6, 039 6, 514 8, 592 264 263 258 255 229 263 263 345 1934 January February Mi arch April - _ _. May June July \ugust - September October November December - 2,040 1, 980 2, 280 1,420 2,640 9,440 7,554 2,225 10, 607 7,139 11, 628 1935 --- September October November _ December January February March /Vpril 1936 .. - - - 2,280 2,580 2,860 2,140 3, 973 2,116 2,351 3,826 2,253 2,742 3, 167 11,586 8,681 25, 481 14,233 9,961 8,678 ""I 1 . .. May June -- - 317 307 351 337 336 328 333 304 296 349 352 462 147 Table 123.—INDEXES OF BANKING AND SECURITIES ' INTEREST RATES BANK CLEARINGS In New York City YEAR AND MONTH New York call loans Outside New York City NEW YORK BOND EXCEL YIELDS STOCK SALES STOCK PRICES Commercial double- 25 indus- 35 railname trials roads paper, 4 to 8 mos. SECURITY ISSUES NEW Municipal INCORTotal PORAcorTIONS porate Perma- TemJournal porary ! nent of Com- loans loans merce. (long (short term) term) ; MuniciMiscelpal bonds, Stocks laneous2 end of (shares) bonds ! ! RIO. Relative to 1913 i ! 96 102 134 169 205 243 100 112 58 83 102 154 215 100 87 63 63 86 107 98 100 100 129 170 147 139 182 100 93 88 96 83 74 75 100 93 95 91 97 103 101 100 58 209 280 222 173 377 100 137 192 i 227 149 '• 115 1 172 10O 87 87 133 93 82 184 100 109 121 122 109 64 187 100 60 32 61 81 98 93 100 i 70 ! 96 161 217 106 613 257 205 230 226 264 300 275 212 230 276 284 315 261 182 134 148 96 131 134 118 80 910 71 73 184 136 169 185 198 262 67 64 75 72 81 99 113 113 95 96 95 270 207 316 284 339 550 213 279 499 389 586 618 189 160 208 219 196 215 189 339 313 278 354 340 137 158 82 106 203 152 725 385 406 453 346 483 191 225 229 247 254 296 277 301 148 143 146 150 93 93 92 90 177 175 181 187 69 69 70 70 99 99 98 98 211 228 326 348 261 ! 351 392 ! 409 150 180 273 194 169 298 277 388 98 15 72 225 291 409 471 555 262 230 249 258 293 256 282 279 138 137 122 135 88 87 83 84 193 192 189 183 73 73 74 75 97 98 98 97 386 298 263 257 611 i 430 495 447 161 186 210 194 248 305 303 391 125 151 204 196 510 384 469 307 May June July August 263 253 268 258 275 266 282 265 110 68 64 61 77 71 64 59 183 187 195 205 75 78 82 86 96 93 93 93 217 243 350 324 435 693 658 588 132 211 201 198 353 842 330 356 201 130 195 179 302 264 332 232 September October __ November December 245 274 284 325 277 314 290 317 65 74 79 103 57 57 59 64 201 202 213 231 85 84 92 95 92 92 93 93 262 257 597 619 512 598 811 754 204 280 144 226 272 282 216 353 320 314 92 325 278 315 333 426 January February. March April 339 267 296 290 323 273 309 308 110 116 122 122 66 66 71 72 233 238 235 233 96 98 95 92 93 92 92 91 598 473 557 359 732 675 679 597 345 280 236 259 357 230 324 308 133 143 225 240 451 250 468 515 May June July August 302 305 297 256 297 317 293 120 124 131 131 70 70 71 72 245 248 256 272 96 96 97 101 90 90 91 93 527 446 538 475 756 587 573 528 180 152 234 139 552 425 360 253 96 244 83 114 358 582 619 565 276 329 298 342 313 353 319 348 139 149 144 166 76 80 79 79 280 300 300 305 102 103 106 111 95 96 95 533 772 707 619 585 624 528 556 171 203 183 200 356 252 207 462 189 232 99 24 340 721 592 344 341 137 79 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 100 88 116 169 187 189 249 100 1920 monthly average 1921 monthlv average 1922 monthly average 1923 monthlv average 1924 monthly average 1925 monthly average * 1923 September October November December 1934 J anuary February March April __ _ 1935 _ _. September October November December _ 000 ooo 1926 January February. March April.. _ _. - May ._ ._ June i "i * For numerical data and complete explanation of sources, etc., see Tables 94, 95, and 95. 2 Corporate bonds only. 148 Table 124.—INDEXES OF BUSINESS PROFITS AND LOSSES' DIVIDEND AND INTEREST PAYMENTS BUSINESS FAILURES Total commercial Manufac. es- Trade estabtablishments lishments Banks (quarterly) Agents and brokers Dividend payments Total dividend Av. Indusand paid trial Steam Street on interinLiabil- Firms Liabil- Firms Liabil- Firms Liabil- Firms Liabil- Firms and rail- rail- dusest ities ities ities pay- Total misc. roads ities ities ways trial comments stocks panies (qtly.) i i YEAR AND MONTH Relative to 1913 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average. _ _ 1922 monthly average 1923 monthly average 1924 monthly average 1925 monthly average 1OO 131 110 72 67 60 41 100 100 114 138 106 86 70 40 109 90 59 64 59 41 108 229 228 197 198 162 55 123 148 117 129 132 103 188 173 226 230 135 10O 109 100 100 100 100 124 156 135 113 111 89 10O 100 10O 100 100 100 164 110 93 95 92 70 178 118 33 59 16 52 180 110 40 40 20 40 101 105 120 134 153 179 98 95 ! Ill 129 122 114 95 94 117 147 140 125 99 95 106 105 98 96 109 105 123 132 129 122 228 406 400 140 155 176 109 178 165 106 157 148 161 548 246 646 643 522 100 340 230 480 510 387 192 188 191 202 216 229 115 110 111 115 121 127 130 117 114' 117 122 128 96 96 95 97 101 106 124 122 120 129 143 159 126 ! 94 i 84 104 i 106 136 110 ! 121 99 87 65 44 144 130 80 61 50 33 | ! 115 144 107 85 58 36 62 106 134 117 123 120 77 222 i 236 183 177 187 50 125 152 117 128 136 ; ; 1 100 i : 10O 102 66 97 128 118 112 ! 1923 September October November December 126 348 217 226 92 125 128 138 131 570 275 186 92 141 140 140 120 182 180 293 93 119 122 128 96 137 148 72 120 144 170 225 158 428 214 158 129 136 128 279 159 703 223 143 113 137 124 204 1S4 2U1 195 165 135 124 127 100 65 194 246 120 152 146 169 160 149 161 242 136 120 121 3 14 166 161 193 289 144 124 118 117 160 155 130 171 131 113 121 110 122 92 152 309 174 156 139 152 150 158 136 198 98 127 124 153 188 151 99 152 102 116 102 135 106 168 !()5 283 95 128 128 158 164 152 83 117 183 183 187 238 176 149 163 173 134 139 145 115 148 129 126 136 116 122 122 257 220 184 189 138 145 154 620 130 106 80 148 183 157 152 162 161 151 163 132 131 126 113 175 156 105 215 113 122 118 103 165 180 167 140 138 127 115 105 116 265 47 150 157 154 146 134 129 157 160 110 118 125 141 79 109 135 125 110 116 125 139 156 141 197 215 109 120 123 141 262 166 105 103 115 115 156 150 191 172 308 280 1, 657 1, 217 175 281 174 193 83 134 93 97 100 158 72 132 62 96 127 53 82 184 119 71 284 125 216 261 217 110 120 133 162 109 129 152 104 114 122 98 318 136 86 187 214 207 270 134 81 93 154 115 73 101 144 116 93 89 119 126 110 79 203 98 89 139 96 102 108 105 77 *, 66 99 130 58 92 192 124 GO 309 136 225 273 226 114 126 035 168 112 135 156 110 118 126 101 342 145 98 193 222 218 296 144 86 98 165 120 77 106 153 120 97 95 123 130 123 92 222 104 215 288 209 218 97 147 105 107 | 117 172 84 142 70 105 137 61 110 217 149 106 344 238 176 116 368 108 1924 January February March April ]VIay June--July August - - September October November December ._ ... . 1, 271 883 671 543 273 267 357 350 | i 213 272 195 203 1 ! i | 110 100 i ! 106 108 ! 1925 1 January I February ' March \pril ! May June July ! \ugust _- September October November December I 1 1 „, ! i i 4SO 543 370 147 153 841 543 1926 January February March April \ _ ' M!ay June i For numerical data and complete explanation of sources, etc., see Table 98. j 125 125 133 .159 149 Table 125.—INDEXES OF PUBLIC FINANCE AND SAVINGS MONEY IN CIRCULATION 3 U. S. GOVERNMENT FINANCES 2 Total Cusorditoms nary rerereceipts ceipts YEAR AND MONTH Ordinary expenditures Total GOLD SAVINGS DEPOSITS SILVER i Per capita Domestic Rand Ex- receipts outports at put mint Imports Imports Exports Production Price in New York New York State savings banks United States i postal savings 1 100 149 187 282 360 422 406 Relative to 1913 monthly average.. monthly average. _ monthly average. _ monthly average. . monthly average. monthly average. monthly average. . 10O 92 66 67 71 57 58 1OO 101 96 108 156 506 712 100 101 105 101 273 1,750 2, 553 100 101 97 107 114 129 143 100 99 94 101 107 119 131 10O 90 709 1,077 867 97 120 100 243 34 170 405 45 401 100 105 107 90 76 58 48 100 95 103 105 103 96 95 100 72 96 90 149 199 249 100 82 85 112 134 403 381 100 108 112 111 107 102 85 100 92 83 110 136 162 186 100 103 105 111 115 117 129 1920 monthly average. _ 1921 monthly average,. 1922 monthly average. _ 1923 monthly average. 1924 monthly average.. 1925 monthly average. . 101 97 112 177 172 172 925 111 568 554 554 522 893 763 523 510 483 486 159 144 130 141 141 141 145 130 115 123 122 120 673 1,085 432 507 502 201 351 26 40 31 67 42 54 58 57 61 59 93 92 80 104 109 109 246 176 197 208 206 180 181 82 100 115 175 101 85 80 83 99 96 95 169 105 113 109 112 116 143 153 162 179 189 202 411 388 | 348 i 333 335 ' 334 1923 September October November.. December 169 195 176 521 706 424 663 144 144 146 147 126 125 127 128 524 561 749 615 11 17 154 880 382 316 956 ". 72 60 73 61 101 108 107 106 285 232 176 273 155 144 168 182 90 98 88 85 107 106 107 108 182 335 335 i 334 331 1934 January February March.. _. .. _. \pril 151 189 194 172 304 343 1, 072 355 431 345 481 541 139 143 143 141 121 124 124 122 850 661 646 855 11 18 50 61 56 53 109 104 109 105 200 264 208 131 157 170 160 149 84 106 99 85 106 108 107 107 184 184 187 186 328 332 334 333 May June July August 171 163 166 172 316 997 324 308 423 476 344 326 143 141 139 142 124 122 Ii20 122 774 474 355 342 8 4 4 31 53 44 61 62 110 100 113 110 189 163 238 236 185 165 176 165 102 88 89 97 110 112 112 115 186 189 189 189 335 334 334 337 188 188 151 151 808 423 290 946 676 530 287 572 143 145 148 148 123 125 128 127 125 371 374 194 60 54 87 519 72 86 72 61 109 113 109 113 237 195 217 196 198 181 180 216 99 101 101 102 116 119 116 114 191 192 192 196 337 338 338 335 177 174 203 108 285 288 996 303 484 267 637 537 141 143 142 140 121 122 121 120 95 68 138 167 961 661 328 282 59 54 51 56 112 103 113 107 246 165 223 165 218 131 151 178 99 91 89 99 114 115 113 112 198 198 201 201 336 337 337 335 \ LlgUSt 158 168 170 185 1,020 323 365 387 692 406 354 142 141 140 142 121 120 120 121 215 83 192 92 175 88 58 28 48 48 63 59 111 106 112 110 113 165 175 243 125 163 160 158 94 98 96 107 113 116 116 117 201 204 203 203 334 333 331 332 September October November December 192 199 182 174 847 335 307 999 547 535 390 718 143 146 148 149 122 124 125 78 956 197 136 89 367 318 78 53 86 69 64 109 111 107 108 151 187 135 192 143 168 155 145 87 83 88 89 120 119 116 115 202 205 205 209 332 333 334 335 1913 1914 1915 1916 1917 1918 1919 September October November. 'December - -- .. 1925 January Februarv March April May June July . 128 1 1936 January February March April 175 309 385 286 ! : ! ! j 1 | 1 ! i |; j ; j , May June ... 1 2 3 j i j | 1 13 i! ! i; : J ... .. .J For numerical data and complete explanation of sources, etc., see Tables 92 and 93. Annual figures are for fiscal years ending June 30 of year indicated. Annual figures represent condition on June 30 of year indicated. 1 150 Table 126.—INDEXES OF IMPORTS1 I BY GRAND DIVISIONS BY COMMODITIES ! From Europe YEAR AND MONTH ! 1; Total j France _ Ger- j many ! Italy __....! ii From North America United King- From South Amer- From Asia and Oce- ica From Africa ania dom ! 1VXOJ, QMVaO ! Crude ma- terials FoodFinstuffs, Manu- Semicrude, facMisished and : tured manumanu- cellafacfood foodfacneous tures anistuffs tures mals negative to 1G13 191 3 mo. av... 1914 mo. a v _ _ 19 15 mo. a v _ _ 191 6 mo. a v _ _ 191.7 mo. av__ 1918 mo. av__ 1919 mo. av_. 100 91 63 73 64 37 87 100 75 56 78 71 43 89 100 81 24 3 0 0 6 1920 mo av 1921 mo. a v _ _ 1922 mo. a v _ _ 1923 mo. av-.. 1924 mo. av..1925 mo. av_ _ 142 88 115 134 127 143 119 102 103 108 10(5 113 48 44 64 88 76 89 1933 September October November December 118 147 130 129 1924 January February March April _._„ 136 113 116 167 | 136 1.85 j 100 j 106 95 112 103 55 114 194 211 257 255 252 100 ! 100 116 193 271 330 378 100 83 | 146 261 308 ; 360 473 100 116 ! 163 ! 216 302 308 347 100 \ 99 133 165 169 218 ; 99 115 167 209 202 277 384 149 191 236 235 j 202 4G7 207 277 341 310 423 633 ; 170 ; 274 367 308 388 294 ; 140 ! 177 212 201 236 290 141 191 229 204 2S4 100 | 100 110 114 115 145 122 128 122 137 118 116 93 117 114 110 73 83 62 62 130 121 117 156 152 126 127 May June July.... August 117 111 114 111 97 81 93 96 64 68 77 109 105 110 89 September... October November December 137 148 136 154 109 122 118 1.25 8G 89 78 83 143 140 156 136 120 129 122 102 May.. June July August 128 123 129 140 September October November... December 139 161 164 160 i j 1 ! 100 81 77 123 159 191 179 100 99 71 84 94 98 119 261 138 150 164 | 192 224 i 625 186 195 267 263 219 236 101 161 212 193 222 212 150 162 187 182 193 100 118 92 134 ! 120 91 179 213 136 129 141 150 180 168 224 211 225 288 321 313 144 144 256 384 170 206 195 193 153 183 194 204 144 185 218 192 202 291 215 166 174 202 179 191 183 214 186 1S9 337 222 232 i 264 ! 231 304 351 290 230 220 272 209 314 351 253 397 592 ' 374 | 499 356 , 198 222 215 217 211 230 202 219 177 166 187 192 231 356 407 355 205 235 198 192 167 168 171 186 214 | 190 I 122 j 96 108 102 114 285 246 249 216 238 O'JO 262 250 208 317 268 203 183 186 170 206 176 177 165 204 186 213 25(i 162 ; 244 149 144 ' m 306 253 257 184 172 171 158 166 179 176 181 176 34 ; 60 i 144 | 125 196 173 197 144 161 157 174 22S 231 219 213 185 255 254 267 306 315 307 370 154 209 ! 210 598 1 192 208 198 223 191 200 212 259 158 231 207 218 232 233 175 166 185 200 208 213 193 201 179 201 G78 . 188 158 177 74 79 85 75 184 179 206 217 155 150 177 138 239 256 281 287 256 267 354 282 429 346 430 382 538 659 518 511 232 223 258 232 292 255 282 279 207 200 272 199 196 241 284 293 223 224 268 211 181 183 197 181 184 167 196 82 90 87 85 123 62 73 90 90 185 200 153 131 139 118 146 143 274 262 235 221 199 224 251 254 412 408 425 454 240 338 165 332 219 218 218 228 269 257 247 278 186 194 230 199 242 228 207 180 198 208 208 230 177 181 188 191 42 46 93 203 111 135 125 132 98 102 102 139 146 210 202 205 138 166 187 162 236 252 234 244 268 235 262 290 468 509 499 551 279 177 394 505 234 250 252 266 282 300 329 348 246 240 253 262 200 201 178 215 2€5 232 219 238 190 224 205 215 491 207 170 278 , .. liO ! ' 1 | i For numerical data and complete explanation of sources, etc., see Tables 102 and 104. 100 129 138 171 177 200 280 205 268 226 209 91 May June 1 j | ; i | 100 106 110 118 175 156 247 i i 126 201 232 190 1936 January February March April. 100 113 131 169 224 250 297 189 88 131 149 135 152 90 102 87 89 1925 j anuary February March ' April.. 1 100 100 93 109 66 44 107 | 151 BY GRAND DIVISIONS To Europe YEAR AND MONTH GerTotal SVan.ce many Italy To To To North South Asia To and Africa United Ameri- Ameri- Oceanca Kingca ia tiom GRAND TOTAL (incl, reexports) Table 127.—INDEXES OF EXPORTS' BY COMMODITIES I Foodstuffs, Manu- Semi- Finished Miscrude, facCrude Grand macella- j and tured nianufae- manutotal terials food fac- neous I food- tures tures ani- stuffs mals Relative to 1913 1913 monthly av 100 1914 monthly av..... 89 1915 monthly av 172 1916 monthly av 254 1917 monthly av 271 1918 monthly av 257 1919 monthly av 346 1920 monthly av 1921 monthly av_._ .. 1922 monthly av 1923 monthly av 1924 monthly av 1925 monthly av 298 158 139 149 163 174 100 111 325 559 631 605 580 100 45 8 1 (2) (2) 26 100 439 146 173 177 183 182 88 106 90 90 125 134 473 274 192 213 238 261 124 343 386 533 626 563 100 100 102 I 80 203 93 154 319 340 210 220 349 386 216 100 62 98 150 213 207 301 100 321 188 152 181 181 190 426 187 154 184 2^5 275 502 311 265 317 323 325 328 159 145 149 166 175 85 116 226 263 290 432 100 88 128 187 178 205 338 100 85 143 221 251 248 319 100 85 143 221 252 247 317 100 64 74 94 102 124 210 100 100 162 272 249 300 323 400 95 170 200 249 434 605 1OO 85 120 230 332 265 232 100 82 168 336 346 265 328 573 252 193 210 331 181 154 168 185 198 330 179 154 167 184 197 244 128 128 156 173 184 542 409 271 152 232 188 344 207 181 180 177 177 242 101 110 142 154 167 410 208 165 189 203 236 243 308 1OO 278 1, 514 1,162 641 233 160 145 j 97 j 88 79 79 100 t I 1923 September .... October November December.. _ 162 171 175 197 196 238 244 234 108 112 96 110 240 292 278 303 183 181 206 250 196 179 169 160 176 179 192 157 319 396 405 440 198 195 193 208 184 193 194 206 183 192 194 206 205 234 250 285 192 154 102 105 172 187 194 210 136 139 148 154 191 190 182 177 76 85 139 87 1934 January February March April 162 161 136 144 181 156 171 155 140 167 123 112 257 242 200 232 172 151 116 133 149 154 172 169 196 200 190 206 503 246 327 285 292 226 182 306 191 177 164 168 191 176 163 165 208 178 134 126 98 99 106 94 21G 194 184 158 165 152 151 154 196 195 201 227 95 j 103 | 93 j 67 May................. June _ .. . ._ _ _ July ... August 130 114 101 125 172 166 103 160 96 61 44 66 171 184 123 202 127 105 113 133 177 170 166 189 203 212 191 250 312 282 225 256 234 221 206 254 162 148 134 160 160 147 133 159 120 97 87 98 75 106 91 225 139 126 138 164 161 153 140 143 226 210 181 212 37 48 47 71 September October November December _. 189 233 244 219 220 209 287 217 151 169 199 173 195 335 349 430 196 255 256 237 224 266 186 154 198 269 222 236 285 371 365 337 247 258 199 291 207 255 238 215 205 254 238 215 200 307 263 468 721 417 281 181 217 202 201 150 162 154 163 194 217 192 187 65 113 131 100 1925 January February March April 216 178 202 167 228 178 200 172 169 149 175 113 346 352 398 292 230 174 173 149 156 150 200 185 260 209 275 294 352 333 340 327 273 221 365 318 216 179 219 193 216 179 218 192 263 201 190 131 183 167 220 256 200 171 206 146 176 144 195 184 204 181 263 262 147 94 155 78 May June July August 141 116 124 145 160 119 112 142 98 76 80 116 214 179 187 177 128 116 117 128 215 192 203 202 292 255 264 312 259 260 259 293 305 267 244 361 179 156 164 183 178 155 163 183 103 82 88 112 238 154 160 202 152 159 160 176 178 164 175 158 250 221 232 265 50 39 76 54 September- _ . _ October November December 183 226 190 197 160 265 230 220 178 193 133 123 195 265 256 267 184 247 218 232 205 193 187 192 238 255 287 357 307 424 420 421 291 285 355 409 203 237 216 226 202 237 215 225 206 328 270 238 242 137 138 150 195 190 174 195 151 153 151 168 220 232 229 271 111 97 176 123 1926 January. February March April . ..... ; ; I I 254 L_ May June 1 For numerical data and complete explanation of sources, etc., see Tables 103 and 104. * Total for year 1917 is $3,275. No figures for 1918. 152 SOURCES OF DATA [Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this tabl.3 a complete record of current source material for the SURVEY] CURRENT PUBLICATION l DATE OP PUBLICATION I.-REPOBTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN ARGENTINE MINISTER OF AGRICULTURE CANADIAN DEPARTMENT OF LABOR CANADIAN DEPARTMENT OF TRADE AND COMMERCE. FEDERAL FEDERAL FEDERAL FEDERAL FARM LOAN BOARD RESERVE BANK OF ATLANTARESERVE BANK OF BOSTON... RESERVE BANK OF CHICAGO-. FEDERAL FEDERAL FEDERAL FEDERAL RESERVE RESERVE RESERVE RESERVE BANK BANK BANK BANK OF CLEVELAND OF DALLAS OF KANSAS CITY. OF MINNEAPOLIS . FEDERAL RESERVE BANK OF NEW YORK FEDERAL RESERVE BANK OF PHILADELPHIA. FEDERAL RESERVE BANK OF RICHMOND FEDERAL RESERVE BANK OF SAN FRANCISCO. _ FEDERAL RESERVE BOARD ILLINOIS DEPARTMENT OF LABOR INTERSTATE COMMERCE COMMISSION . MASSACHUSETTS DEPT. LABOR AND INDUSTRY. MASSACHUSETTS DEPT. PUBLIC UTILITIES NEW YORK STATE DEPT. LABOR NEW YORK STATE DEPT. PUBLIC WORKS. .. PANAMA CANAL U. S. CIVIL SERVICE COMMISSION U. S. DEPARTMENT OF AGRICULTURE: BUREAU OF ANIMAL INDUSTRY BUREAU OF AGRICULTURAL ECONOMICS. . Flaxseed exports from Argentina Employment in Canadian trade-unions Operations of Canadian employment service Foreign trade of Canada Canadian railroad operations Canadian iron, steel, flour production Agricultural loans by land and credit banks Wholesale trade and savings for district Savings deposits in First Fed. Res. Dist Savings deposits in Seventh Fed. Res. Dist Agricultural pumps Savings deposits in Fourth Fed. Res. Dist Wholesale trade and savings for district Wholesale trade and savings for district Retail sales of lumber by rural yards Farm implement sales, Northwest. Housing rental advertisements Foreign exchange rates and index Savings deposits in Second Fed. Res. Dist Corporation profits Savings deposits in Third Fed. Res. Dist Wholesale trade Employment in N. J., Pa., and Del Savings deposits in Fifth Fed. Res. Dist Wholesale trade Savings deposits in Twelfth Fed. Res. Dist Wholesale trade Foreign exchange index numbers Debits to individual accounts Condition of Federal reserve banks Condition of reporting member banks Wholesale price index numbers Department store trade Index numbers of department store, mail order, and chain store trade. Barley and rye receipts Sales of loose-leaf tobacco Index of ocean freight rates Index numbers of production Wholesale trade index Employment in Illinois .-. Railway revenues and expenses Telephone operating revenue and income Telegraph operations and income Express operations and income Fuel consumption by railroads Railway employment Massachusetts employment Milk receipts at Boston New York State factory employment and earnings. New York State canal traffic Panama Canal traffic Government employment Beef, pork, and lamb production Prices of farm products to producers Wool stocks in dealers' hands and wool prices Crop production Cold-storage holdings and fish frozen Movement of cattle, hogs, and sheep Receipts of butter, cheese, eggs, and poultry Production of dairy products Car-lot shipments of fruits and vegetables Farm labor, wages, supply, etc Consumption of butter and meats Index of agricultural exports Federal-aid highways under construction Wages of common labor, by geog. divs Estadistica Agro- Pecuaria Labour Gazette (Canadian) _ Labour Gazette (Canadian) Foreign, trade of Canada Operating Revenues, etc., of Railways*.-_| Press releases* Not published currently Business Conditions Monthly Review j Business Conditions j Business Conditions | Business Review Business Conditions Business Conditions Business Conditions Business Conditions Business Conditions Fed. Res. Bull, and daily statement* Monthly Review Monthly Review Business and Financial Conditions Business and Financial Conditions Business and Financial Conditions Business and Agricultural Conditions Business and Agricultural Conditions Business Conditions Business Conditions I Federal Reserve Bulletin i Fed. Res. Bull, and weekly press releases*._ Fed. Res. Bull, and weekly press releases*.. Fed. Res. Bull, and weekly press releases*.. Federal Reserve Bulletin j Federal Reserve B ulletin j Federal Reserve Bulletin I Monthly. Semimonthly. Semimonthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Daily and monthly. Monthly. Quarterly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly (2d week of mo.) Sun. papers and monthly. Fri. morn, papers and mo. Fri. aftnoon papers and mo. Monthly. Monthly. Monthly. Federal Reserve Bulletin j Monthly. Federal Reserve Bulletin I Monthly. Federal Reserve Bulletin Monthly. Federal Reserve Bulletin Monthly. Federal Reserve Bulletin Monthly. The Employment Bulletin j Monthly. Preliminary statement Class I roads j Operations of large telephone companies... Monthly. Not published Not published Fuel for Road Locomotives Monthly. Not published Monthly statement* Not published i Labor Market Bulletin and press releases* Monthly. Annual report The Panama Canal Record Not published Yearly. Last weekly issue of month. Monthly supplement. Crops and Markets. Crops and Markets | Monthly supplement. Crops and Markets ! Monthly supplement. Crops and Markets and press releases* Releases about 1st mo. i cotton) ; 10th (other crops). Monthly supplement. Crops and Markets. Monthly supplement. Crops and Markets_ Weekly. Crops and Markets. Quarterly. Crops and Markets. Monthly supplement. Crops and Markets _ Monthly supplement. Crops and Markets. Monthly. Crops and Markets _ Monthly. Crops and Markets_ Public Roads Monthly. BUREAU OF PUBLIC ROADS Not published U. S. DEPARTMENT OF COMMERCE: Serniino. during season, Preliminary report on ginnings* Cotton ginned BUREAU OF THE CENSUS Preliminary report on cotton consumed. __ 15th of month. Cotton consumed and on hand 20th of month. Wool machinery and cotton spindles* Active textile machinery First week of month, Census of hides, skins, and leather* Leather, hides, shoes, gloves, production, etc 30th of month. Leather gloves and mittens Press release* 18th of month. Cottonseed and cottonseed oil Preliminary ^ ^^^^^^...r *report on cottonseed* 30th of month. Hosiery statistics ! Press release* 30th of month. Knit underwear production, etc j Press release* 30th of month. Men's and boys' and work clothing Press release* 30th of month. Malleable castings i Press release* 30th of month. Wheat flour production from May, 1923 Press release* 30th of month. Pyroxylin coated textiles | Press release*. 20th of month. Stokers, sales from January, 1923 j Press release* One month after end of qtr. Stocks of tobacco held Statement on stocks of leaf tobacco. 30th of month. Wool consumption and stocks Press release* 30th of month. Steel barrels. Press release 20th of month. Fabricated steel plate bookings Press release: 30th of month. Box board Press release One month after end of qtr. Electric locomotives, mining and industrial Press release* 25th of month. Electric trucks and tractors | Press release* 30th of month. Floor and wall tile j Press release* _ 20th of month. Fire extinguishers i Press release*. 1 This is not necessarily the source of the figures published in the SURVEY, as many of them are obtained direct from the compilers prior to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the SURVEY. *Multigraphed or mimeographed sheets. 153 SOURCES OF DATA—Continued C U R R E N T PUBLICATION l DATE OF PUBLICATION I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued U. S. DEPARTMENT OF COMMERCE—Con. BUREAU OF THE CENSUS—Continued 30th of month. Babbitt metal consumption j Press release* 30th of month. Floor and wall tile j Press release31 20th of month. Enameled sanitary ware j Press release* 25th of month. Vitreous china plumbing fixtures Press release' Quarterly (one month after Fats and oils, production, consumption, and Statistics of fats and oils* end of quarter). stocks 30 days after end of qtr Glues, production and stocks. _Press release* 20th of month. Fabricated struc. steel sales from Apr,, 1922 Press release* 20th of month. Automobile production from July, 1921 _ . . Press release* 30th of month. Wood chemical operations, crude and refined Pressrelease* 20th of month. Steel casting sales Press release* 25th of month. Steel furniture shipments. Press release* 25th of month. Locomotive shipments and unfilled orders Press release* Monthly. Earnings of public utilities Survey of Current Business 10th of month, Plumbing goods price index. Press release* loth of month. Press release* Architectural terra cotta 30th of month. Index numbers of production, stocks, and un- Press release* filled orders, | Fish catch at principal fishing ports j Monthly statement _ _ _. All imports and exports j Monthly Sum. Foreign C ommerce (Pt. I)' _ Last week of month. Fuel loaded for consumption by vesselsNot published Monthly Sum. Foreign Commerce (Pt. II). Middle of ne-;t month. Vessels clsared. Ship charter rates index_________________________t Commerce Reports 30th of month. Petroleum, crude and refined, production, etc____1 Petroleum statistics" Monthly. Explosives, production, shipments, etc__________j Explosive statistics* ________________________ Second or third weekly Coal and coke production ........_______________j Weekly report on production of coal* ________ issue of month. Portland cement, production, etc________________Report on Portland cement output* _______ 20th of month. Vessel construction, and losses______________________i Commerce Reports . . .___________.....____First weekly issue of month (Mondays). Building material price indexes _......________________| Not published ____________________________ Patents granted.. _ _. . . . .________________________| Not published _____________________________ i End of month. Electric power production ______________________ | Production of electric power*. Consumption of fuel by End of month. by public utility plants Production of electric power*. Monthly. Visitors to National Parrks ___________________ • Not published BUREAU OF FISHERIES BUREAU OF FOREIGN AND DOMESTIC COMMERCE. B U R E A U OF MINES. BUREAU OF NAVIGATIONBUREAU OF STANDARDS ____________ U. S, PATENT OFFICE _______________ S. DEPARTMENT OF THE INTERIOR: n EOLOGICAL SURVEY ______________ DIVISION OF NATIONAL PARKS V . S. DEPARTMENT OF LABOR: EMPLOYMENT SERVICE Employment agency operations BUREAU OF IMMIGRATION BUREAU OF LABOR STATISTICS. Immigration and emigration statistics Wholesale prices of commodities, including farm products, food, clothing, metals, etc. Wholesale price index Retail prices and living indexes Factory employment, pay roll, etc United States postal savings Postal receipts. Money orders. Passports issued. Government debt, receipts, and disbursements. _ Money in circulation from July 1, 1922 Domestic receipts of gold at mint Oleomargarine production Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles Grain alcohol production, stocks, etc V. S. POST OFFICE DEPARTMENT. U. S. DEPARTMENT OF STATE., V. S. TREASURY DEPARTMENT. BUREAU OF THE MINT BUREAU OF INTERNAL REVENUE. U. S. WAR DEPARTMENT: ENGINEER CORPS MISSISSIPPI-WARRIOR SERVICE AY AR FINANCE CORPORATION WISCONSIN INDUSTRIAL COMMISSION. _ | Sault Ste. Marie Canal traffic I Ohio River cargo traffic _ I Barge traffic on Mississippi River .I Agricultural loans . I Wisconsin factory earnings and employment Report of Activities of State and Munici- | Every 4 or 5 weeks, pal Employment Agencies. j Not published . I Wholesale Prices of Commodities j Monthly Labor Review Monthly Labor Review Employment in Selected Industries Postal Savings News Bulletin Statement of Postal Receipts* Not published Not published Daily Statement of the U. S. Treasury Circulation of money Not published !.._ Not published Statement of Tax-paid Products* Monthly. Monthly. Monthly. 12th of month. 7th of month. Classified collections of Internal Revenue Not published 25th of month. Monthly statistical report Not published Not published Not published in form used Bulletin on Wisconsin labor market* Monthly during season, 10th of month. Last day of month. Monthly. First week of month, loth of month. II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE. Assoc. CORN PRODUCTS MANUFACTURERS AMERICAN BUREAU OF METAL STATISTICS AMERICAN DRY MILK INSTITUTE AMERICAN ELECTRIC RAILWAY ASSOCIATION... AMERICAN FACE BRICK ASSOCIATION AMERICAN NEWSPAPER PUBLISHERS' ASSOCN.. AMERICAN IRON AND STEEL INSTITUTE AMERICAN IRON, STEEL, AND HEAVY HARDWARE ASSOCIATION. AMERICAN PAPER AND PULP ASSOCIATION AMERICAN PETROLEUM INSTITUTE AMERICAN RAILWAY ASSOCIATION (Car Service Division). AMERICAN WALNUT MFRS.' ASSOCIATION AMERICAN WASHING MACHINE MANUFACTURERS' ASSOCIATION. AMERICAN ZINC INSTITUTE ANTHRACITE BUREAU OF INFORMATION Sales of abrasive paper and cloth Not published Corn ground into starch, glucose, etc Copper, silver, lead, arsenic—production, etc Powdered milk sales Passengers carried, electric railways Face brick production, stocks, etc Stocks of newsprint paper... Steel ingot production Hardware sales and accounts. Not published Not published Monthly report* Aera Trends in the Face Brick Industry. Monthly report Press release to trade papers* Monthly report* Paper and wood pulp production, etc____________| Monthly report*........_____ Gasoline and kerosene consumption______________i Bulletin _____________________ Freight car surplus and shortage________________ ________________ ! C ar Surpluses and Shortages Car loadings and bad-order cars and locomotives Information Bulletins Walnut lumber and logs ______ ........... ________ Not published Washing machine sales_____.........____________i Not published Production and stocks zinc, retorts operating Anthracite shipments, etc., and mine employment. ASSOCIATION OF LIFE INSURANCE PRESIDENTS- New life insurance business Premium collections Distribution of assets 1 Imports and exports of gold and silver in Part II. i Press release to trade papers * j Statement of anthracite shipments*, j \ Not published j Not, published ' Not published Monthly. Monthly. Monthly. 7th of month. Weekly. Weekly. 13th of month. 15th of month. *Multigraphed or mimeographed sheets. 154 SOURCES OF DATA—Continued CURRENT PUBLICATION l DATE OF PUBLICATION II.-REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS-Continued BOSTON GRAIN AND FLOUR EXCHANGE, BUREAU OF RAILWAY ECONOMICS CALIFORNIA REDWOOD ASSOCIATION CALIFORNIA WHITE AND SUGAR PINE ASSOCN. _ CHICAGO BOARD OF TRADE COMMON BRICK MANFRS. ASSOCN. OF AMERICA, CREDIT CLEARING HOUSE EMPLOYERS' ASSOCIATION OF DETROIT ENAMELED SANITARY MFRS. ASSOCIATION FELT MANUFACTURERS ASSOCIATION FINE COTTON GOODS EXCHANGE FOLDING Box MFRS. NAT. ASSOCIATION FOUNDRY EQUIPMENT MFRS. ASSOCIATION GLASS CONTAINER ASSOCIATION HARDWOOD MANUFACTURERS INSTITUTE HYDRAULIC SOCIETY ILLUMINATING GLASSWARE GUILD LABEL MANUFACTURERS ASSOCIATION LAKE SUPERIOR IRON ORE ASSOCIATION LEATHER BELTING EXCHANGE LIFE INSURANCE SALES RESEARCH BUREAU... MAPLE FLOORING MANFRS. ASSOCIATION MINNEAPOLIS CHAMBER OF COMMERCE MOTOR AND ACCESSORY MFRS. ASSOCIATION,._ NATIONAL ALLIANCE OF CASE GOODS ASSOCN. NATIONAL ASSOCIATION OF BRASS MFRS NATIONAL ASSOCIATION OF BUTTON MFRS , NATIONAL ASSOCIATION OF CHAIR MFRS NATIONAL FERTILIZER ASSOCIATION NATIONAL ASSOCIATION OF FINISHERS OF COT- I TON FABRICS. NATIONAL ASSOCIATION OF PIANO BENCH AND STOOL MANUFACTURERS. NATIONAL ASSOCIATION OF REAL ESTATE BOARDS. NATIONAL ASSOCIATION OF STEEL FURNITURE MANUFACTURERS. NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. NATIONAL ELECTRICAL CREDIT ASSOCIATION.. NATIONAL INDUSTRIAL CONFERENCE BOARD NATIONAL MACHINE TOOL BUILDERS' ASSOCN. NATIONAL PAVING BRICK MANUFACTURERS' ASSOCIATION. NEW ORLEANS BOARD OF TRADE NEW ORLEANS COTTON EXCHANGE NEWS PRINT SERVICE BUREAU NEW YORK COFFEE AND SUGAR EXCHANGE... NEW YORK METAL EXCHANGE NORTH CAROLINA PINE ASSOCIATION NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION. NORTHERN PINE MANFRS. ASSOCIATION OAK FLOORING MANFRS. ASSOCIATION OHIO STATE FOUNDRYMENS' ASSOCIATION OPTICAL MANUFACTURERS' ASSOCIATION PACIFIC CANNED FISH BROKERS' ASSOCIATIONPACIFIC COAST PLYWOOD MFRS. ASSOCN PAPERBOARD INDUSTRIES ASSOCIATION PLATE GLASS MFRS. OF AMERICA PLYWOOD MANUFACTURERS' ASSOCIATION PORTLAND ASSOCIATION OF BLDG. OWNERS AND MANAGERS. PORTLAND CEMENT ASSOCIATION PREPARED ROOFING MANFRS. ASSOCIATION.--. RICE GROWERS' ASSOCIATION OF CALIFORNIA ._ RICE MILLERS' ASSOCIATION ROPE PAPER SACK MANFRS. ASSOCIATION RUBBER ASSOCIATION OF AMERICA RUBBER GROWERS' ASSOCIATION SALES BOOK MANUFACTURERS' ASSOCIATION, _ SAVINGS BANK ASSOCIATION OF STATE OF NEW YORK. SILK ASSOCIATION OF AMERICA SOUTHERN CYPRESS MANFRS. ASSOCIATION SOUTHERN FURNITURE MFRS. ASSOCIATION SOUTHERN PINE ASSOCIATION STEEL BARREL MANUFACTURERS' ASSOCIATION STEEL FOUNDERS' SOCIETY. STRUCTURAL STEEL SOCIETY. TUBULAR PLUMBING GOODS ASSOCIATION TWIN CITY MILK PRODUCERS' ASSOCIATION ... UNITED TYPOTHETAE OF AMERICA WEST COAST LUMBERMEN'S ASSOCIATION WEBBING MANUFACTURERS' EXCHANGE WESTERN PINE MANUFACTURERS' ASSOCIATION * Multigraphed or mimeographed sheets. Receipts of wool at Boston Average receipts per ton-mile Passengers and tonnage carried 1 mile Redwood lumber production, etc Sugar pine lumber production, etc Wheat, corn, and pats, receipts, etc Common brick shipments, stocks, etc Credit conditions Detroit factory employment Enameled sanitary ware, orders, etc Roofing felt production, stocks, etc Fine cotton goods production. Folding box orders Foundry equipment production Glass container production, etc Hardwood lumber, stocks, etc. Steam, power, and centrifugal pumps Illuminating glassware production, orders, etc.. Label orders. Consumption, stocks, and shipments, iron ore.. Sales of leather belting Life insurance otueo, sales, ordinary .i.,uu iijii3ui.aj.iut/ uiuijuai. y Maple flooring production, etc Linseed oil and oil-cake shipments Sales of accessories and parts Unfilled orders and shipments of furniture Brass faucets, orders and shipments Button stocks, activity, etc Chair shipments and unfilled orders Acid phosphate production, etc Finished cotton goods, billings, orders, shipments, and stocks. Production, shipments, and unfilled orders of piano benches and stools. Real estate conveyances Trade papers i Daily. Not published I Summary of operating statistics Monthly. Not published i Not published j Trade papers i Daily. Monthly report. ... _ .... .. ._' Credit I Weekly. Weekly press release .. . \ Not published | Not published i Trade papers j Not published ! Report on monthly volume: of business j Monthly. Monthly report* : Monthly report i Not published | Not published \ Not published Monthly report* Monthly report (not published) | Monthly release I 18th of month. Not published j Monthly statement j Business Bulletin i Monthly. Not published in form used j Not published j Weekly report \ Weekly, Not published in form used I Not published Not published '. j Not published j Bulletin j Steel furniture shipments, orders, etc Not published Steel sheets, production, stocks, etc Not published Production and shipments of passenger cars and trucks. Credit conditions^ Cost of living, wages and hours of laborMachine-tool orders Paving-brick production, etc. __. Traffic bulletin* (production figures not published). Not published Monthly pressrelease Not published Monthly report Rice distribution through New Orleans Cot ton receipts into sight Canadian newsprint production, etc United States newsprint data since June, 1923.. Coffee receipts, stocks, etc Tin stocks and deliveries North Carolina pine, production, etc Hemlock and hardwood lumber production, etc. Northern pine lumber and lath Oak flooring, production, etc Ohio foundry iron production, etc Spectacle frames and mountings, sales, etc Shipments of canned salmon j Plywood bookings j Paperboard shipping boxes and boxboard pro- | duction, etc. ! Plate glass production Plywood bookings, etc Rental advertisements, Portland, Oreg Monthly report Monthly report Monthly bulletin Monthly bulletin Monthly statement Trade papers Not published Not published Cement paving contracts Shipments of prepared roofing Receipts, stocks, and shipments (Calif, mills) __ Rice receipts, stocks, etc Shipments of rope paper sacks Rubber tires, heels, fabrics, crude stocks, etc Rubber stocks in England Shipment of sales books Savings banks deposits in New York State Concrete Highway Magazine Not published Not published Monthly report Not published . Monthly reports (not published) Bulletin of Rubber Growers' Association. Not published Not published in form used Raw silk consumption, machinery activity, etc..1 Cypress production, etc. Furniture shipments and unfilled orders Yellow pine production and stocks Steel barrel capacity operations through 1923 Sales of steel castings Sales of fabricated structural steel Tubular plumbing sales. _ Milk production, Minnesota Printing activity... Douglas fir lumber production, etc Sales of elastic webbing Western pine lumber production, etc Monthly press release to trade papers*.... 5th of month. Weekly barometer Not published in form used | Not published in form used I Monthly reports* (not published) Not published Not published Semiweekly reports Not published Typothetae Bulletin Monthly. Not published Not published... Not published Not published Not published Monthly report* (not published) Not published Not published Not published Not published.. Second week of month, 21st of month First week of month. First week of month. First week of month. First week of month, Monthly. Not published Not published Not published Monthly. Monthly. 155 SOURCES OF DATA—Continued DATE OF PUBLICATION HI.—REPORTS FROM TECHNICAL PERIODICALS AMERICAN M ETAL MARKET THE ANNALIST , Composite pig iron and steel prices Stock sales Stock prices State and municipal bond issues THE BOND BUYER __ _._ Municipal bond yields BRADSTREET'S _ - _ _ _ .. __ Visible siroply of grains _ Bank clearings, United States and Canada Wholesale price index; _ __ Business failures, Canada , CHEMICAL AND METALLURGICAL ENGINEERING-Chemical price index _ _ __ COAL AGE Mine price of bituminous coal COMMERCIAL AND FINANCLIL CHRONICAL _ ... Cotton, visible supply Interest rates _ _ _ New corporate securities DULY NEWS RECORD _ _ _ - _ - _ _ _ _ - _ _ _ _ . Fairchild cotton goods index _ Dow, JONES & Co. (WALL STREET JOURNAL) New York bond sales and prices Mexican petroleum shipments _ DUN'S REVIEW Business failures and wholesale price index ELECTRICAL WORLD Sale5? of electrical energy, central stations ENGINEERING AND MINING JOURNAL-PRESS Rand gold production; tin, lead, zinc, copper, and silver prices. ENGINEERING NEWS RECORD Construction cost index FlNANCIVL POST _ _ _ _ _ _ _ _ _ - - - _ Canadian bond issues HAY TR*VDE JOURNAL Tlav receipts IRON AGE _ _ _ _ _. Pip-iron production, furnaces in blast, etc TRON TRADE REVIEW - - _ _ _ _ __ Iron and steel prices _ JOPLIN GLOBE Shipments, etc. , zinc and lead ore, Joplin dist LONDON TIMES - _ _ _ _ _ _ _ _ _ __ Fire losses in Great Britain LUMBER MANUFACTURER AND DEALER Price indexes of lumber MILK REPORTER Milk receipts at Greater New York NAV\L STORES REVIEW Turpentine and fosiii, receipts and stocks NEW YORK JOURNAL OF COMMERCE _ _ .. _ Dividend and interest pavments New capital issues and new incorporations _ _ _ _ Fire losses NEW YORK EVENING POST _ _ Newspaper advertising NORTHWESTERN M^ILTER Flaxseed re°e^pts etc OIL, PAINT, AND DRUG REPORTER ___ _ Price indexes of drugs, oil, etc Argentine visible supply o f flaxseed _ _ _ _ _ _ OIL TRADE JOURNAL __ Mexican petroleum shipment,5' PRINTERS' INK Magazine advertising and national advertising in newspapers ... PUBLISHERS' WEEKLY _ _ _ _ _ _ _ _ _ _ _ _ _ Book production RAILWAY AGE _ Equipment orders RUSSELL'S COMMERCIAL NEWS Wheat flour production from Julv 1920 STATISTICAL SUGAR TRADE JOURNAL Sugar stocks, receipts, meltings, and Cuban statistics WORLD RUBBER POSITION (BRITISH) World shipments and stocks plantation rubber First or second week of month (daily). First weekly issue of month (Fridays). Weekly (Fridays). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays) Weekly (Saturdays). First weekly issue of month (Saturdays) . Second weekly issue of month (Saturdays) . First weekly issue of month (Saturdays). Weekly (Wednesdays; . Weekly (Thursdays) . Weekly (Saturdays). Weekly (Saturdays). Last weekly issue of month (Saturdays), First week of month (daily). 20th of month (daily) . First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays) First weekly issue of month. Weekly (Thursdays) . Weekly (Fridays). First weekly issue of month (Thursdays), Weekly (Thursdays) . First weekly issue of month (Fridays). Weekly. Weekly (Saturdays) . First week of month (daily). First week of month (daily) . 10th of month (daily) . Not published. Weekly (Wednesdays) . Weekly (Mondays). Weekly (Mondays). 10th of month (monthly) . Second week of month. Third week of month. Fourth week of month (Wednesdays). Weekly (Fridays). [Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this table a complete record of current source material for the SURVEY] CURRENT PUBLICATION l DATE OF PUBLICATION IV.-REPORTS FROM PRIVATE ORGANIZATIONS (Excluding individual firms reporting data to be combined with other firms or trade associations) ABERTHAW CONSTRUCTION Co AMERICAN APPRAISAL Co AMERICAN TELEPHONE & TELEGRAPH Co BOSTON, CAPE COD & NEW YORK CANAL Co_ CHILDS Co CLEVELAND TRUST Co__ COMPAGNIE UNIVERSELLE DU CANAL MARITIME DE SUEZ. DODGE, F. W., CORPORATION HAFFARDS, G. M. & Co LLOYDS' KRESGE, S. S., Co KRESS, S. H., & Co MCLEAN BUILDING REPORTS, LTD McCRORY STORES CORPORATION NEW YORK TRUST Co OWL DRUG Co PENNEY, J. C., Co PENNSYLVANIA RAILROAD Co POLK, R. L.,& Co PULLMAN Co SCHULTE, A., INC SEARS, ROEBUCK & Co SEIDMAN& SEIDMAN SHELTON, W. ARTHUR UNITED CIGAR STORES Co _ U. S. STEEL CORPORATION.__..._._. WALDORF SYSTEM, INC WARD, MONTGOMERY, & Co_ WOOLWORTH, F. W., & C O . _ _ B uilding costs C onstruction costs Stockholders in the company __. Cape Cod Canal traffic..., Restaurant sales Dividends paid on industrial stocks Suez C anal traffic Building contracts Fall River mill dividends. World ship construction _ C hain-store sales Chain-store sales Canadian building contracts. C hain-store sales Indexes of stock and bond prices Chain-store sales_ Chain-store sales_ Stockholders in the company New passenger-car registrations. _ Pullman passenger traffic and operations. C hain-store sales Mail-order sales_ Fur purchases and sales Fertilizer consumption, cotton States Chain-store sales Unfilled orders Earnings Stockholders Wages of common labor Restaurant sales-.. Mail-order sales Chain-store sales * Multigraphed, mimeographed, or duplicated sheets. Construction trade papers.. American Appraisal News. Financial papers Not published. Monthly report Bulletin Le Canal de Suez Statement on Building Statistics.. Bradstreet's.. New York Journal of Commerce Financial papers Financial papers Canadian Building Review Financial papers The Index Financial papers Financial papers Financial papers. National New Car Reporting Service* Not published _ Financial papers Financial papers Not published Private economic service Financial papers Pressrelease* Pressrelease* Financial papers Special reports* Monthly press release*._ Financial papers Financial papers __._._____ Monthly. Third week of month. Monthly. Quarterly. 5th, 15th, and month. Monthly. Quarterly. 25th of First week of month. First week of month. Monthly. First week of month. Monthly. First week of month. Quarterly. Monthly. First week of month 10th of month. Monthly. §uarterly. ccasionally. First week of month. First week of month. GENERAL INDEX Page numbers refer to data in detailed references easy without the necessity of an Page Abrasives, paper and cloth 59 Acetate of lime, production, shipments, etc 71 Acid phosphate, production, stocks, etc 73 Acid, sulphuric, price and exports. 73, 116 Active textile machinery 32, 35 Advertising: Magazine and newspaper 43, 113 Rentals, Minneapolis and Portland, Oreg 60 Agriculture: Production, index numbers 26 Price indexes 29 Agricultural implements: Patents granted „_ 41 Sales, Northwest 40 Agricultural loans 120 Agricultural pumps, shipments 41 Alcohol, ethyl, and wood (methanol) _ 70 American Telephone & Telegraph Co., stockholders 123 Animal fats, greases, and derivatives, production, consumption, and stocks 74 Animal glues, production and stocks-_ 74 Animal products: Price index 29 Production, index numbers 26 Apples: Production (crop estimate) 77 Stocks and shipments 81 Architectural terra cotta 68 Argentina: Flaxseed and grain, exports, visible supply 76 Foreign exchange rates 124, 125 Arsenic, crude and refined 40 Automobiles: Accessories, sales .„ 43 Foreign assemblies 42 New car registrations 43 Production and exports 42, 145 Taxes 42 Tires and tubes 55 Babbitt metal, consumption 43 Bad-order cars 95 Bad-order locomotives 93 Banks: Clearings, Canada 130 Clearings, condition, debits, and interest rates 118, 147 Failures 122, 148 Farm loan 120 Savings deposits 116, 149 Barley: Exports, prices, receipts, and stocks 80, 139 Production (crop estimate) 77 Barrels, steel 40 Basic commodities, index numbers-. 26 Baths, enamel, orders, etc 46, 140 Beef, consumption, cold-storage holdings, exports, production, and prices 85, 142 Belgium, foreign exchange rates_ 124, 125 Belting, leather, sales.._ 53 Benches, piano 65 Bonds: Canadian issues 130 Held by life-insurance companies 115 New issues 120, 147 Prices, sales, and yields 119, 147 Real estate, issues and rates 121 tables (pp. 26—151) only. Items in the text are arranged in groups which should make index. See also " Table of Contents/' page 1. Page Cheese: Page Books, publication 56 Exports from Canada 130 Production, receipts, prices, and Book paper, production, etc 58 holdings 87 Boots and shoes: Exports and prices 53, 137 Chemicals: Production 53 Exports, imports, and prices. _ 72, 73, Boston: 140 * Milk receipts 87 Price index 28, 49 Wool receipts 32, 132 Wood distillation 71 Boxboard, production, receipts, etc.. 57 Childs Co., restaurant sales 107 Boxes, paper, production, etc 57, 59 Chile: Foreign exchange rates 124, 125 Bradstreet's price index 28 N itrate prod action 73 Brass faucets, orders and shipments_ _ 44 China, vitreous, plumbing fixtures 67 Brazil: Coffee, receipts and clearances- 89, 143 Cigars and cigarettes: Foreign exchange rates 124, 125 Consumption, and exports. _ 82, 144 Brick, production, stocks, etc_ 68, 69, 139 Sales, chain stores 104 British India, foreign-exchange rates. 124, Citrus fruits, car-lot shipments 81 125 Clearings, bank: Building: Canada 130 Contracts awarded, Canada 129 United States 118, 147 Clothing: Contracts awarded, U n i t e d States 61 Cost index numbers. 28, 30 Cost and volume indexes 60 Production, stocks, etc 33 Building materials: Coal: Price index 28, 60, 139 Canada, production 129 Unfilled order index 27 Loadings, freight cars 94 Prices, production, stocks, exBurlap, imports 36 ports, etc 47, 136 Business failures: Retail price index 30 Canada 130 United States 122, 148 Coconut oil, production, stocks, etc. 75 Butter, production, receipts, etc 87 Coffee, imports, stocks, and Brazilian Buttons, pearl, production and stocks 35 movements 89, 143 Coke, production, exports, and California redwood lumber, producprices 47, 136 tion, shipments, etc 63 Cold-storage holdings: Apples 81 California white-pine lumber, production, shipments, etc 63 Butter and cheese 87 Eggs, poultn/, and fish 89 Canada: Meats I 84, 85 Automobiles, production and 69 exports 42 Concrete pavements, contracts 86 Employment and industry 129 Condensed and evaporated milk 118 Finance and trade 130 Condition, banks Foreign exchange rates 124, 125 Construction, building: Canada, contracts 129 Oats and oatmeal 80 Contracts awarded . _ 61 Wheat, stocks and exports 79 Cost and volume indexes 60 Wheat flour production 78 29 Canals, traffic through 91 Consumers' prices Candy, sales 104 Containers: Glass, production, etc 67 Cape Cod Canal, traffic 91 Paper, production, etc 57 Capital issues and c o n v e y a n c e s , internal-revenue taxes 107 Copper, exports, prices, production, etc 44, 135 Capital stock transfers, internalrevenue taxes 107 Copra oil, consumption and stock. 74, 75 Corn: Cars, railroad: Production (crop estimate) 77 Loadings, shortage, and surplus. 94 Receipts, grindings, exports, New orders 96 etc 79, 141 Shipments, orders, installations, oil, production, consumption, etc 95, 145 Corn and stocks 74, 75 Castings: Malleable 40 Corporations: Newr security issues. Canada 130 Steel 38, 134 New security issues, United Cattle: States : 120, 121 Receipts, s h i p m e n t s , a n d Profits and stockholders 123 slaughter 83 Cost of living, indexes 30 Wholesale prices 83, 142 Costs, building construction 60 Cement production, stocks, shipments Cotton: and prices 69, 139 Consumption, receipts, exports, Cereals: etc 34, 131 Production-. 77 Prices 31, 131 Receipts, visible supply, etc 79, Spindles, activity, etc 35 80, 141 Cotton fabrics: Chain stores, sales 107 Cloth, exports 35 Check payments: Consumption by tire manuCanada 130 facturers 55 United States 118, 147 Fine goods, production 35 (156) 157 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-151) only. Items in the text are arranged in groups which should make references easy without the necessity of an index. See also " Table of Contents/' page 1. Cotton fabrics—Continued. Prices, wholesale, print cloth and sheetings 31, 131 Cotton goods, finished, billings, shipments, etc 35 Cotton yarns, wholesale prices 31, 131 Cottonseed, stocks 76 Cottonseed oil: Production, consumption, and | stocks 75, 76 I Wholesale price 76, 140 ! Credit conditions by trades 112 j Crops: Cotton 34 Food, production and value 77 Prices, index numbers 29, 131 Production, index numbers 26 Tobacco 82 Crude petroleum, production, stocks, etc 48, 133 Cuba, sugar movement 88 Customs, receipts 117, 149 Cypress, Southern, production, etc__ 65 Dairy products 29, 87 Debits to individual accounts 118 Debt, United States Government 117 Delaware, employment 99 Delinquent accounts, electrical trade 112 Department stores: Sales 108 Stocks, value of 109 Detroit, employment 99 Dividends, Fall River testile mills 35, 131 Douglas-fir lumber, production, shipments, orders, etc 62 Dress goods, wholesale price 31 Drugs: Sales, chain stores 104 Wholesale trade 110 Dry goods, wholesale trade 112 Dun's price index 28 Dyes and dyestuffs, exports 72 Earnings: Corporations, classified 123 Express companies 92 Gas and electric companies 97 Labor 101, 103 Public utilities 97 Railroads 92 Telegraph and telephone companies __ 97 United States Steel Corporation 38,134 Eggs, receipts and cold-storage holdings 89 Elastic webbing, sales 36 Electric locomotives, quarterly shipments 93 Electric power, production and sales- 97 Electric trade, delinquent accounts. _ 112 Electric trucks and tractors, shipments 43 Emigration 96 Employment: Agencies, State and municipal __ 99, 100 Canada 129 Factory, Federal, mines and railroads 98 Factory by States 99 Enameled ware, orders, shipments, and stocks 46, 140 Engines, internal-combustion, patents granted 41 England. (See United Kingdom.) Equipment, foundry, orders, sales, and shipments 41 Page 73 70 Food—Continued. Wholesale prices, index 28 Stocks, index 27 Foreign exchange rates 124, 125 149 Foreign trade: Canada 78, 130 United States exports 78, 125, 151 72 United States imports 128, 150 Vessels in United States ports 90, 144 92 Forest products: Car loadings 94 Price index 29 Fabricated steel plate, bookings 39 Production index numbers 26 Fabricated, structural steel, bookings arid shipments 39, 134 Foundry equipment, orders, sales, and shipments 41 Fabrics, rubber-proofed 55 Face brick 68 Foundry iron, Ohio, stocks, meltings, and receipts 40 Factories: Employment 98, 99 France, foreign exchange rates__ 124, 125 cars: Payrolls 99, 102 Freight Bad-order, loadings, shortage, Time operated 102, 103 and surplus 9* Failures, business: Shipments, installations, orders, Canada 130 etc 95, 145 United States 122, 148 Freight rates, ocean 90 Fall River, textile mill dividends. 35, 131 French serge, wholesale prices 31 Farm implements: Fruits: Patents granted 41 Farm prices 29 Sales, Northwest 40 Shipments, car-lot 81 Farm loans 120 Fuel: Farm mortgages, held by life-insurConsumption, production, etc_~ 47, ance companies 115 48, 49, 50, 133, 136 Cost of, index numbers 28, 30 Farm products: 36 Price indexes 28, 29 Fur, sales and purchases Production indexes 28 Furnishings, cost of, index numbers. _ 30 Farm wages 100 Furniture, household, shipments, unfilled orders, etc 65 Faucets, brass, orders and shipments. 44 39 Fats, animal, grease and derivatives. 74 Furniture, steel, shipments, etc Federal-aid highways 69 Federal farm-loan banks, loans 120 Gas and electric companies, earnFederal intermediate credit banks, ings 97 loans 120 Gas and fuel oils, consumption, proFederal reserve banks, condition 118 duction, stocks, and prices 50, 133 Federal Reserve Board: Gasoline, consumption, exports, price, Foreign exchange index number. 124 production, stocks, etc 49, 133 Production indexes 26 Glass, production, etc 67 Glues, animal, production and stocks. 74 Federal Reserve districts: Department-store trade 108, 109 Gold, receipts, exports, imports, and Rand output 117, 149 Chain-store sales 104, 105 Savings deposits 116 Government finances, debt, etc. 117, 149 Wholesale trade index numbers. Ill Grains: Exports, receipts, prices, etc 80, Felt, roofing, production and stocks. 72 13% 141 Fertilizer, exports, consumption, Farm price indexes 29 etc 73, 140 Loadings 94 Fiber, imports 36 Production (crop estimates) 77 Fine paper 58 Finishing cotton 35 Grease, production, consumption, and stocks 74 Fire losses 60 Great Britain. (See United KingFirearms and shells, internal-revenue dom.) taxes 107 Groceries: Fish, catch, and cold-storage holdSales, chain stores 104 ings 89, 142 Wholesale trade 110 Fish oil, production, consumption and stocks 75 Flaxseed: Hardware, wholesale trade 111,112 Consumption and quarterly Hardwood lumber, production, stocks 74 stocks, etc 64, 65 Exports and visible supply, Hay: Argentina I _ 76 Production (crop estimates) 77 Receipts, shipments, and Receipts 80 stocks 76, 140 Heels, rubber 55 Flooring, production, shipments, etc_ 66 Hides and skins, imports, prices, Floor and wall tile 68 stocks i 51, 137 Flour, wheat, production, consumpHighway construction 69 tion, and stocks, etc 78, 79 Hogs, receipts, prices, shipments, and Folding boxes, orders 59 slaughter 83, 142 Food: Hosiery, production, stocks, e t c _ _ _ _ 33 Exports 128, 151 Hours worked by labor 102 Imports 128, 150 House furnishings, price index 28 Retail prices, index 30 i Household furniture 28, 65 Essential oils, wholesale price index__ Ethyl alcohol Expenditures, United States Government 117, Explosives, production, shipments, stocks arid sales Exports. (See Foreign trade, and individual commodities.) Express earnings 158 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-151) only. Items in the text are arranged in groups which should make references easy without the necessity of an index. See also "Table of Contents/' page 1. Page Linseed oil: Production, consumption, and New security issues 120, 147 stocks 75 Newspaper advertising 43; 113 Shipments 76, 140 Newsprint paper: Linseed-oil cake, shipments 76, 140 Canada, production 129 Ice cream, production 87 Livestock: Production, stocks, imports, Illinois, employment and earnings 99 Loadings 94 prices, etc 56, 138 Illuminating glassware, production, Prices, index numbers 83, 142 New York City: etc 67 Receipts, shipments, and slaughBank clearings and debits. _ 118, 147 Immigration 96 ter 83 Milk receipts 87, 142 Imports. (See Foreign trade, and inLiving, cost of ,__ 30 New York State: dividual commodities.) Loadings, freight cars_~ _ _ _ 94 Canal traffic 91 Incorporations, new 120, 147 Loans: Employment and earnings.__ 99, 101 Indebtedness, wholesale trade 112 Agricultural 120 Savings-bank deposits 116, 149 Bank 118 New York Stock Exchange, sales. 119, 147 India. (See British India.) Life-insurance policies 114 Nitrate of soda, imports and producIndustrial corporations: Dividend payments and failures. 122, Locomotives, exports, shipments, tion 73, 140 148 etc 93, 145 North Carolina pine lumber, producNet profits 123 Losses: tion and shipments 62 Stock and bond prices 119, 147 Business 122, 130, 148 Northern hardwoods, production and Fire 60 Insurance, life: shipments 65 Assets, and sales by districts 115 Ships 90, 144 Northern hemlock lumber, producNew business and premium colLubricating oil, production, stocks, tion and shipments 63 lections 114, 146 consumption, and price 50, 133 Northern pine lumber, production, Interest rates 118, 121, 147 Lumber, production, exports, stocks, shipments, etc 63 prices, etc 62, 66, 138 Internal-revenue taxes: Automobiles 42 Oak flooring, production, shipments, Firearms, jewelry, theaters, stocks, etc 66, 138 McCrory Stores Corporation, sales_ 106 bonds, stocks, etc 107 Machine tools, new orders 41 Oats: Iron and steel (see also Pig iron and Machinery, sales, etc 41 Exports, price, receipts, etc.. 80, 139 steel): Machinery activity, textile mills_ 32, 131 Production (crop estimate) 77 Crude steel, production, stocks, Magazines, advertising 113 Ocean transportation 90, 144 prices, etc 38,134 Mail-order houses, sales 113 Ohio, foundry iron, stocks, receipts, Enameled sanitary ware 46, 140 Malleable castings, production, shipetc 40 Exports and imports 39, 134 ments, and orders 40 Ohio River, cargo traffic 91 Fabricated steel products 39, 134 Manufactures: Oils: Malleable castings 40 Exports 128, 151 Essential, wholesale price index. 73 Pig iron, production, stocks, Imports 128, 150 Petroleum and products 48,49, 50,133 prices, etc 37,133 Production, index numbers 26 Vegetable and fish 75, 76, 140 Railway equipment __ 93, 95, 97, 145 Stocks, index numbers 27 Oil wells completed 48, 133 Unfilled order index 27 Maple flooring, production, shipOleomargarine, production and conVessels, construction 90 ments, stocks, etc 66 sumption 76, 140 Iron, foundry, Ohio 40 employment and Onions, car-lot shipments 81 Iron ore, shipments, stocks, etc.. 37, 133 Massachusetts, earnings 99 Optical goods, sales, etc 67 Issues, new capital 120, 121 Meats: Orders, new. (See individual comItaly, foreign exchange rates 124, 125 Farm prices 29 modities.) Wholesale trade 112 Orders, unfilled, index (see also indiJapan, foreign exchange rates. _ 124, 125 Production, cold-storage holdvidual commodities) 28 Jewelry, watches, and clocks, interings, etc 85, 142 car loadings (see also Iron ore) _ 94, 133 nal-revenue taxes 107 Men's and boys' clothing, production, 33 Ore, Owl Drug Co., sales 107 Joint-stock land banks, loans 120 Metals and minerals: Price index 28 Panama Canal, traffic 91 Kerosene oil, production, consumpProduction index numbers 26 Paper: tion, stocks, etc 49, 133 Methanol, production, shipments, Book, fine, wrapping, etc 58 Knit underwear, production, shipexports, stocks, and price 70, 71 Boxboard and boxes 57 ments, etc 33 Mexico, petroleum shipments and Newsprint, production, etc 56 Kresge, S. S., Co., sales 106 stocks 48 Pulp and paper products. 59 Kress, S. H., & Co., sales 106 Milk, production, receipts, etc_ 86, 87, 142 Parks, national, visitors 96 Minerals: Passenger automobiles 42, 43 Labels, paper, orders 59 Price index numbers 29 Passenger cars, railroad orders, shipProduction index numbers 26 Labor: ments, etc 96 87 Passports issued Earnings and hours 101, 103 Minneapolis, milk production 96 91 Patents granted Employment and wages 100 Mississippi River, cargo traffic 41 Money in circulation 117, 149 Paving brick, production, shipments, Lamb, cold-storage holdings, pro113 duction, etc 85, 142 Montgomery Ward & Co., sales stocks, etc 69 Land banks, loans 120 Municipal securities: Payments, check 118, 147 Canadian issues 130 Payments, dividend and interest. 122, 148 Lavatories, enamel, shipments, New issues 120, 121, 147 Pay roll, factories orders, etc 46 99,102 Yields 119, 147 Peanut oil, production, consumpLead, production, receipts, ship104 ments, prices, etc 45, 135 Music sales, chain stores tion and stocks 75 Leather: Peanuts, hulled, consumption, stocks. 74 Exports, prices, production, National advertising in newspapers._ 43 Pearl buttons, production and stocks. 35 etc _ 52, 137 National parks, visitors 99 96 Pennsylvania employment Glove, production and stocks-- 53 Naval stores, receipts and stocks 72 Pennsylvania Railroad Co., stockProducts 53, 137 Netherlands, foreign exchange rates. 124, holders 123 107 125 Penney, J. C., Co., sales Life insurance: 120, 147 Petroleum: Assets and sales by districts 115 New incorporations Crude 48, 133 New Jersey employment 99 New business and premium Refined 49, 50, 133 43 collections 114, 146 New passenger car registrations Housing: Construction Cost of, index numbers Rental advertisements 61 30, 60 60 159 GENERAL INDEX—Continued Pa,ge numbers refer to data in detailed tables (pp. 26—151) only. Items in the text are arranged in groups which should make references easy without the necessity of an index. See also "Table of Contents/' page 1. Page Q Phosphate, acid, production, consumption, and stocks 73 Piano benches and stools 65 Pig iron: Prices, production, etc 37, 133 Production, Canada 129 Plumbing fixtures: Price index and sales 44 Vitreous china, shipments, e t c _ _ 67 Plywood, bookings, shipments, e t c _ _ 65 Policy loans, life-insurance companies 115 Pork products, consumption, holdings, exports, production, e t c _ _ 84, 142 Postal money orders 113 Postal receipts 113 Postal savings 116, 149 Potash, imports 73, 140 Potatoes: Car-lot shipments 81 Production (crop estimate) 77 Poultry, receipts and cold-storage holdings-- 89 Powdered milk 87 Power, electric, production and sales. 97 Prepared roofing, shipments 72 Prices: Brick 68, 139 Butter and cheese 87 Cement 69, 139 Coal and coke 47, 136 Copper 44, 135 Drugs and chemicals 71, 72, 73, 76, 140 Flour 79, 141 Grains 78, 80, 139, 141 Hides and leather products._ 51. 137 Lumber 62, 66^ 138 M eat s 29 Milk 86 Nonferrous metals 44, 135 Petroleum and products 48, 49, 50, 133 Pig iron 37, 133 Rubber 54, 137 Silver 117, 149 Steel 38, 134 Sugar 88, 143 Textiles 31, 131, 132 Tobacco 82, 144 Price indexes: Building and construction costs,. 60 Drugs and chemicals 73 Farm 29 Foreign exchange 124 Plumbing fixtures 44 Retail food 30 Stocks arid bonds 119, 147 Wholesale, classified 28, 29 Printing activity 56 Producers' prices 29 Production, index (see also individual commodities) 26 Profits. (See Earnings.) Public finance 117, 149 Public utilities: Bond prices 119 Contracts awarded 61 Earnings, production, etc 97 Pumps 41 Pyroxylin-coated textiles 36 Railroads: Dividend payments 122, 148 Employment 98 Financial operations and traffic 92, 145 Freight-car movement 94 Fuel consumption 47, 50 Stock and bond prices 119, 147 Page Railway equipment, shipments, and orders 93, 96, 145 Rand, gold output 117, 149 Raw materials: Exports 128, 151 Imports 128, 150 Production index 26 Price index 29 Stocks index 27 Real-estate conveyances 60 Receipts, U. S. Government 117, 149 Registrations, automobiles 43 Rent, advertisements 60 Restaurants, sales 107 Retail prices: Coal 47 Food and coal indexes 30 S ugar 88 Retail trade 104-109, 113 Rice: Exports, imports, receipts, shipments, and stocks 81, 143 Production (croo estimate) 77 River traffic 1__T 91 Roads, construction 69 Roofing, production, stocks 72 Rope paper sacks, shipments 59 Rosin, receipts, stocks, and prices 72 Rubber, consumption, imports, prices, etc 54, 137 Rye: Exports, price receipts 80, 139 Production (crop estimate) 77 Steel—Continued. Page Exports and imports 39, 134 Fabricated products 39, 134 Ingots, castings, sheets, prices, etc 38,134 Production, Canada 129 (Stockholders, corporations 123 Stocks, commodity, index numbers (see also individual commodities) __ 27 Stocks, corporation: New issues 120 Prices and sales 119, 147 Stokers, mechanical, sales 41 Structural steel: Fabricated, sales 39, 134 Prices, beams 38, 134 Suez Canal, traffic ' 91 Sugar, meltings, stocks, receipts.- 88, 143 Suitings, wool, wholesale price 31 Sulphuric acid, exports and wholesale price 73, 140 Sweden, foreign exchange rates._ 124, 125 Switzerland, foreign exchange rates._ 124, 125 Taxes, internal-revenue 42, 107 Tax-exempt securities 120 Tea, imports 89, 143 Telegraph and telephone, revenue and earnings 97, 123 106 Ten-cent stores, sales 68 Terra cotta, bookings Textiles: Burlap and fibers 36 Cotton 34, 131 Sales (see also individual commodiClothing, production, etc 33 ties) : Dividends, Fall River mills._ 35, 131 Chain stores 105 Finished cotton goods 35, 131 Department stores 109 Hosiery and knit underwear 33 Wholesale, by districts 110, 111 Machinery activity 32, 36, 131 Sales books, shipments 56 102 Pay roll and hours Salmon, canned 89, 130 Prices, wholesale 31, 131, 132 Sanitary ware, orders, shipments, Silk 36, 132 and stocks 4-6, 140 36 Webbing, elastic Sault Ste. Marie Canal traffic 91, 144 Wholesalers, credit conditions.. _ 112 Savings deposits 116, 149 Wool 32, 132 Schulte, A. (Inc.), sales 107 Sears, Roebuck & Co., sales 113 Theater admissions, internal-revenue 107 taxes Securities: Tile, production, stocks, prices, and Held by life-insurance com68 shipments panies 115 New issues 120, 121, 147 Tin, consumption, imports, prices, and stocks 45, 135 Prices and sales 119, 147 Tires, production, stocks, and shipSheep: 55 ments Receipts, shipments, and slaughter 83 Tobacco, production, exports, prices, etc 82, 144 Wholesale price 83, 142 41 Shelter, prices of, index numbers 30 Tools, machine, new orders 43 Shipping 90, 144 Tractors, electric industrial Shipments. (See individual comTrade: modities.) 130 Canadian Shoes: Foreign, United States. 126, 128, 150 Production, prices, etc 53, 137 Retail 107, 109 Sales, chain stores 104 Wholesale 110, 112 Wholesale trade 111 Trucks: Silk, raw: Automobile, production 42 Consumption, imports, stocks, Electric industrial 43 etc 36, 132 Tubular plumbing, sales 44 Price 31 Turpentine, receipts, prices and stocks 72 Silver, exports, imports, production, and prices 117, 149 Unfilled orders, index (see also inSinks, enameled 46 dividual commodities) 27 Southern cypress, production, shipUnited Cigar Stores Co., sales 107 ments, orders 65 United Kingdom: Southern pine, lumber, production, Fire losses 60 shipments, etc 62 Foreign-exchange rates 124, 125 Spectacle frames and mountings, 116, 149 sales and unfilled orders 67 United States, postal savings United States Government, debt, Steel: receipts, and expenditures \ 17, 149 Barrels and drums 40 160 GENERAL INDEX—Continued Page numbers refer to data in detailed tables (pp. 26-151) only. Items in the text are arranged in groups which should make references easy without the necessity of an index. See also "Table of Contents/' page 1. Page United States Steel Corporation: Earnings, unfilled orders 38, 134 Stockholders 123 Wage rates 100 Vegetables, car-lot shipments 81 Vegetable oils: Exports arid imports 76, 140 Production, consumption, and stocks, etc 75, 140 Vessels: Construction, clearances, etc_ 90, 144 Fuel consumption 47. 50 Vitreous china plumbing fixtures 67 Wages, farm and common labor Waldorf System, sales Walnut, lumber and logs 100 107 64 Page War Finance Corporation, loans 120 Ward, Montgomery, & Co 113 Washing machines, electric, sales 41 Webbing, elastic, sales 36 Western pine lumber, production, shipments, and stocks 63 Wheat: Exports, receipts, visible supply, etc i 79, 141 Production (crop estimate) 77 Wheat flour, production, consumption, etc._.' 78, 141 Wholesale prices, index numbers 28, 29 Wholesale sales 110, 111 Wisconsin employment and earnings _ 99 Women's dress goods, wholesale price 31 Wood consumption and stocks. chemical plants, 71 .t'age Wood furniture 65 Wood pulp 59, 138 Wool: Prices, wholesale 31,132 Receipts, imports, consumption, stocks, etc 32,132 Woolworth, F. W., Co., sales 106 Work clothing, cut, shipments, returned stocks 33 Workers, registered 100 Worsted yarn, wholesale price 31, 132 Wrapping paper 58 Yields, bonds. Zinc, price, production, shipments, and stocks 119,147 receipts, 45. 135 PUBLICATIONS OF THE DEPARTMENT OF COMMERCE Recent publications of the Department of Commerce having the most direct interest, to readers of the SURVEY OF CtrERENT BtrsiNBss are listed, below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce, at Washington. Copies of the publications may be purchased froin the Superintendent of Documents, Government/P^inting Office, Washington,' at the> prices stated. , If >no price is mentioned, the publication is,-distributed f r e e . , , , , , ,;> /, BUREAU OF STANDARDS OFFICE OF THE SlEGRETARY Commercial Farms (Invoice, 'Inquiry, and Purchase Order X-T-^ A Comparative .Study of ^ Paper Fillers, by Merle B, Shaw Simplified Practice Beqomx&£ndatioQ No. 37; 13 pages;'illus- ,and George <W. Bicking/ *• Technologic\Papei* No, 301,; 16, pages; trated. Price, 5^. \ s •% -j illustrations; bibliography, conclusions are bas;ed on results Proceedings of,the Fourth National Radio Conference and 3 from .tests-with 8 .commercial fillers. Price, 10$. ' • , , Recommendations for Regulation of Baclio.—This is the report •obtained Expansion<of Tungsten, by; Peter Hidnert and W. of proceedings of the; conference called by the Secretary of \jT. Thermal .Sweeney. Scientific\Paperv No. :515; 5 pages; illustrated.. Commerce November ^$X;192IL\ Price, 10$ , 5$. ->-,V ,!/ "\-'\ ' - \ -. - '\,'- >/ J * Laws and Regulations for Protection of Fisheries of Alaska.r- Price, Standard Samples Issued or in Preparation.-f^SuppIement to Department Circular No, 251 (twelfth, edition). This edition Circular jfcToV ^5. t S V ~ - ' , ' - ' , .^\v'.,. , - v - ' *"' - */'*<•:''.' of theK circular supersedes alt previous editions. .- ^ , Standard; f toe Throughout the World.—Circular t No, 280; 9 pages; map. In this, paper is given a brief historical sketch BUEIIAU OF TftB CENSUS of the development of the ^standard time ^system. Tiine in -(For information concerning plan of-publication and distribution Of,census,ptib foreign countries is^also given, compared,with Greenwich mean .lications, address the Director of the Censul) ' : , , , / .- . time ancl with hoon? -eastern standard tim&r Pri|?e, £$.- \ Census of Manufactures* |923r^Summary for the IJnited Standards for paper Towels.—Circailar 3Sfo. 294;, 5 pages._ Stales; by industries, geographic divisions, ,and States, i 1S9, Results are giten oft ^investigation made for the, development pages, price 150. T£his bulletin is, for all general purposes, of specifications lor.ilie purchase of paper, towels, r ,Atwide range . an abstract of the final report bein£ printed (or the census of ,frpf products eoyermg ^,11 ^grades Available was tested, ; Price, 5^; ' , manufactures, 1923, and ^contains general information for, thje Technical News SufMin, January; 1926.-^This isv> monthly country.; as a whole,, its ^eograpnic divisions and States', eoii- publicatibn cpht%mmg sfctft items of current interest in the, cerning the number of estabMshments^, .average, number of wage "field of .science. < .Singl«e copy, $$; anpual .subscription, 25^; earners, value of products^ yal^e" added by manufacture, etc. ; * , IJnited^ Sta^e^ Crovernineitt^ S^ectBcations.^r—Tl^es following , Chemical Bulletin (Census of \ManWactures: 19^3), 41 specifications for rthe purc^ase^of Materials lor =uise by^ Goyerhmeat departments', have/ teen promulgated since 4he Jantjary w : pages,; price 5$. This report cqii tains iMornjation ^onee^rnin^ * chemicals and sulphuric, nitrlfc, and mixed "acids, for the census announcement ^and <5an /be Obtained at && each, , v Thfese speciof the Bureau of Stk&dkrds, and of 1923 and, gives detailed inf animation !as to the number: of •ficatipns are issu^^-s^rculaJrs establishments, value of products^ value adde<i by manufacture^ the references belowTafe by circular number: . - , v, ' • r •- average number .of wage earners, etc. \ <\ , No. 2^4. Jiubber-bands.. . Census of Prisoner^,; 192&, (preliminary report), 12 pages, ;',; \ No. 285*-i .^iat^vsurfaeepl asphalt prepared .roolSng and % no- charge. This pretaunary bulletin summarizes certain of . tlie^more important statistics .obtainedin the census of prison\ ,No. 286. :Asphalt-satuirated rag f elt f ojf fia^u'ngs, ers taken in 1923: Reported $ata %e in process of printing. No.287. AspHalt-saturated woven cotton 1 fabric for Financial Statistics of State Opv^rnmeAis, 1924 (press summary), & pages, no .charge, Ttus summary of the 48 States No. 290. V^as hose. , , . gives information concerning assessed valuation and tax levies, : No. 293". Textile materials . (methods of physical aiind ; revenues, governmental-£ost payments ,and indebtedness.. ' '^ ;chemical tests), / , ,7 " ^ No/297. Plastic fire-clay refractories. , BUREAU OF FOREIGN AND DOMESTIC , ' No. 298,- Fireclay,/ / , ;- ' < • *"' • " • >• . ". / l COMMERCE ''/•'; .: • ' Monthly Summary of Forei^\Commerce of the Uniteji States, December, 1925«^Parfe I a^d" II. Part I contains statistics.of exports of domestic merchandise and imports bjrv articles for December, 1924 and ,1925;"and for the 12 months ended December, 1924 and 192£.; Part II contains summaries of export and import4rade; monthly Average iinpoct and export prices; statistics of trade\Wlthf\A:las^:a,: Porto. Rico, anti Hawaii. Single Copies, % s Par:t I, 10£; Part jl,- 5#. Annual 'subscription, $1.25. ^ ' - ' > ' .•/ y<> '-'' * . - - ' • . Analyzing foreign Machinery Markets Statistically. (Effec- )FMINES' J ;•-,:'.:- ' - : Mineral Eesoiircas; of t&C IJnit^ States, 1024.—The report oki mineral resources; isissu^ed in the form of separate bulletins, of which the foHowijLg liave bee^i released sinc^ the January announcement an4;ean:be/pbtamedfat 5^ each. :-; •; :: > Silver, Gojpperj tead; and !£inc in-th^ CentralJStiates* - (Par!I, f>ages 58-^8.) ^ ; ' , "^ .\,^ • /,-,: \, ».;., Asph&llaitdrelated.bitumens. (Part II,pages 161-169.) , -; ' - • - ' "BUREAU :QF .NAVIGATION- ^ •-> .• • . ^ tive January 1, 1926.) This glossary erf terms Was prepared by the industrial machinery division for use by .manufacturer^ in preparing export declarations. '•* , ,': , t / / American Documented Seagoing Merchant Vessels «f 500 Glossary of Electrical Terms and Instructions to Exporters Oross ToniS and Oyer,, Janttaryr 1025.—Published monthly. for guidance in properly listing and,classifying electrical appa* Singje copies, 10^;; annual" subscription, 75$:' v ,.^ ratus and supplies, in shippers' export1 declarations. (Revised Radio Service Bullfetinv, January, 1925.—Published monthly Jan. 1, 1926.) in the interest of the radio service. Lists of statidkis, radio Standard Specifications for Open-hearth Steel Girder Kails regulations, referencesfto articles in current publications, and of Plain, Grooved, and Gtiard^ Jypes*-*-Industrial Standards other mattery are included." Sipgie copies, 50; annual subNo. 3; Serial designation, A 2:-24. (Revised, 1924.) .Spanish- scription, 25$. /, ^ \ ? " , English edition prepared in cooperation with the Bureau of Standards and American section r of the, Inter-American High BUREAU Of FISHERIES Commisfsion. Price, 50. c < Pjeru:^ \ A Commercial and Industrial Handbook, by W. H. Crayfishes of the Genus Gambarus in Nebraska and Eastern iDunn, commercial attach^, Lima, a;nd Other xepresentatives of Colorado,by EarlTheroaBhgle. Document No. 1994; 18|>ages; ihe United States Departments of State, Commerce, and, Agri-^ map; J bibliography;, Price/10$. , i '" pulturej. Trade Promotion Series,No, 25; §30 pages; illulstrateii Effect of Oil Pollution oft Marine and ^ild Life, by F. W/ and indexed. In this volurae^ are discussed varibiis phases of v A. D. Bauer, H, F. fisher,;and P^ N. Harming. . Document industrial development in Peru,, foreign^ trade and prospects of » JLane, No, 99§; 11 pages; "**-*" «^ future commercial development. Price^ $1.25. ' Investments in Latin America t 11^, tJruguay and ^Paraguay, by Frederic M. Hajsey, special agent, a,nd 0. Butler SherweE, of the finance and investment 4iyisio$. Trade Information Light List, Low^r Kiver, 1025. (Corrected to Bulletin No. ,382; 61 pages. ' $ys study dantinues, the series November 1 ^on the subject of investments in 3Lattin America., (The first number Is Trade Information BuHetm Ho, 362, cdvering Ar^genCOAST AM> OE()l)ETIC SURVEY tma.) Price, 10^ , , ,v , , - x, , l^jaehittery Market of Brazil, foy JMI'. ,A. tJi^mer, assistant Magnetic Declination in Missouri in 192^ by'^lN. trade fcoipmissipner, Rio /de Janeiro, Trade Iniformatfon Bul-^ ^ M< Me-Farfand. Serial No, ?323,^ 45-pages; ^ charts. Price, XOjC r letin Mo. 3^3. DEPAIITMENT OF C O M M E R C E EPERBERT^HOOVER, Secretary of Commerce CHIEF FUNCTIONS OF BUREAUS BUREAU OF FISHERIES BUREAU OF THE CENSUS .WILLIAM MvBtEXTAUT, Director -. 1 The taking of the decennial census covering population, agri;" culture, manufactures; mines;ano! quarries, and forest products , ;, pecenriial report oh health; public debt, and taxation, inciudv ing principal financial statistics on Federal, State, county, city, ; and township governments. \ J • Aniiual financial statistics of State and municipal governments—-Sources of revenue? objects of payments, debt, tax levies. Decennial statistics i. relating 1x> inmates of institutions, ineliding paupers, insane,, prisoners, and juvenile delinquents. J ' A: census of agriculture m each: mitjdecennial year, a biennial ^census of manufactures, a quinquennial census of electrical -public utilities, statistics of marriage and divorce. ' , ^ Annual statistics of births, deaths, causes of 4eath/£te., m /< ifche registration area of the IJnited^States* ,, , *•; Quarterly or monthly statistics of Cotton, tWool, tobacco, feia^r a^d ^many other iiadu§tries. r ^ ,. \/The compilation and publication, in the ^Survey of Current v Biiisiness,*' of monthly commercial and industrial; statistics. * HENRY O' MALLET, Commissioner The propagation and distribution of food fish and shellfish. Investigations to promote conservation of fishery resources, the development of commercial fisheries, and aquiculture. , Study of fishery methods, improvements in merchandising and elimination of waste and the collection of fishery statistics. Administration of Alaska fisheries and fur seals and the law on the protection of sponges off the coast oft Florida. BUREAU OF LIGHTHOUSES {GEORGE RJ PUTNAM/ Commissioner The rnaintenance of lighthouses and Other aids to , navigation marking the nayjgable waters of the United States. The publication of I4$ht Lists, Buoy Lists and Notices to Mariners, giving information regarding these aids to navigation. CQAST AND GEODETIC SURiVEY E. LESTER JoNEB,|Director The survey of the coasts of the United States and publication Director ->.\' , ' ;, of the charts>needed for the navigation of the adjacent waters, C The compilation , of timely information concerning world including Alaska, the Philippine Islands, Hawaii, Porto Rico, * market conditions arid .openings for American products in for- the Virgin Islands, and -the Canal Zone. eign countries secured through Commercial Attache's, tirade com^ ; A geodetic system covers the country and coordinates the missidners and consular officers. The distribution of such surveys of the coasts arid furnishes accurately determined information to American business through weekly "Commerce control points ^nd elevation?. These are available for Federal, reports*'* special bulletins* conMeiitial circulars, the news and State, and other silrveys and engineering projects. Magnetic trade press, correspondence,Tand personal contact. /declination results are for use qf\ surveyors and engineers , The maintenance of commodityr technical, aid regional throughout all parts of the country. , '^visions to afford special ^eryice to American export industries. The work of the bureau includes base measures, triangula; - The compilation arid distribution >f names of possible buyers : tion, precise leveling, latitude^ longitude, azimuth: and magand agents for American products in all parts of the yofld and netic observations and researches, magnetic maps, gravity, tppography, hydrography, tide, and current observations. ; publication of weekly lists of .specific sales opportunities abroad. Tlie maintenance of district and cooperative offices in 33 cities The results are published in the form of charts, annual , in tie United States to expedite delivery of market information, reports, coast pilots, tide tables, current tables, digests^of ^ TJhe \pufolicatidn of oflfieTia^ statistics on impdrtsiand exports* publications and special publications. : The «rfiudy of the processes of domestic trade ^nd donamefce. AND DOMESTIC COliffMERCE s ' k GBORQB fc iufitjisss,/ Director Custody/ developinent dnd CQnstniett^ of stan(Jards of (iaea^urecaent, qu$lity^ performanee or.prafeUce, comparison of standards used by scientj%c or other, institutions, ; IJetermination of ^physical constants and properties of materials. • • , • * ^ , i V f v i - :' , i ' ' The testing of material^ and esfetblishment of standards and propessej? in cooperatioii with commercial firms or organization. Beseeches covering i^dustrlal;l3aat^rials and processes. The .collectipn; an4 Wsseiiiinatioii of mformatipn coneernmg building cpde?v^nd plafii$hg and construction df houses. Establishment of simplfi^ eoretmereial praotipes^ through ^ooperaUv^ business .organizations. , 5 x The bureau publishes eight series of scientific and technical publications, reporting tb$ results of its Researches and giving technical data fuhckmenjfcai to science^ and industry. : ;, Th«? director has supeivisidn of the preparation of technical specifications ihrou^fci the Federal Specifications Board, BtJItBAIJ OF MINES T0RNBB, Director Technical investigations in mining preparation and utilfiatioa of mineral su6stenq&s, with a view to increase of safety, h^lth and efficiency in the mineral ta^stries, including the study of mine hazards, and, safety Methods, and of improved i methods in the prodtielbion and use of petroleum, niatural gas, coal, ores, and monnietaUielQameifals. , : , Testing of fue^ purchased fey tne Government and manage, ipefct of the Croverninenir lU€^ Yard >t Wa^itigton. • . ;Researeh on! heUuni and opeiraMon of |>ltotsJor production of ^ ....'• - '• ". ~ ; l! ^ , -- ^- " •• " , "•• ' ^ ' •' in the economics aptd marketing of minerals and collection of statistics on mineral resoufces and mine accidents, The dissemination of results of technical and economic researches iii bulletins, teelinicai -papers, mineral reg series, miners' circulars, and miseelj^xieoiis publications. BUREAU OP NAVIGATION IX B. CARSON," Commissioner Superintendence of commercial marine and merchant seamen. Supervision of registering,, enrollingr licensing, numbering, etc., of vessels, under the United States flag, and the annual publication of a list of such vessels. 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 DiCKERsotf &;!HpovBB, Supervising Inspector General The inspection of vessels, the licensing of the officers of vessels, and the administration of laws relating to such vessels and * their officers. The certification of able seamen and lifeboat men who form the crews of merchant vessels. The inspection of vessefe, including the typejs 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 df steamboat-inspection laws. STATES PATENT OFFICE THOMAS JE, RoBBKTsoN^Cqmmisaioner . Supervision of the, granting of patents and the registration of trade marks, prints #,hd labels, including technical examination $nd judicial proceedings; , Maintenance of library with public search yoom, containing copies <>f all published foreign patents, as well as United - States patents and trade-marks. Maintains recording office of bills of sale, assignments, etc., relating to patents and trademarks. furnishes copies of all records pertaining to patents. Publication of th£ "Official Gazette" weekly showing the patents and trade-marks issued. .