Full text of Survey of Current Business : January 1925
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MpNTHlY SUPPLEMENT TO COMMERCE REPORTS >JX"-' : ^ ';- '-":' DEPARTMENT OF COMMERCE WASHINGTON OF JANUARY, 1925 >. 41 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS , : , IMPORTANT NOTICE In addition to figures given from Government sources, there are also incorporated for completeness of .service figures from other sources generally accepted by the trades, the authority and responsibility for, which are noted in the "Sources of Data" on, pages 216-210 of the November, 1024, issue Subscription price of th^ SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents; quarterly issues, 20 cents. Foreign subscriptions, $2.25;: single copies (monthly issues) including postage, 14 cents; quarterly issues, 31 cents. Subscription price of COMMERCE REPORTS is $4 a year; whh the SURVEY, $5.50 a year. Make remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted. • . WASHINGTON : GOVERNMENT PRINTINQ OFFICE : r INTRODUCTION The STTBVBY 6F QU^BENT BUSINESS is designed to present each month a picture of the business situation by setting forth the principal facts regarding the variot*s lines of trade and industry. At quarterly intervals detailed tables are published giving, for 6ach item, monthly figures for the past t^o years andjrearly comparisons, where available, back to 1913. In the intervening months the more important comparisons only are given in the "Trend'of business movements" bn page 29 of this issue. , In the quarterly numbers (see issue for November, 1924, No. 39) blank lines covering the next three months have been left at the bottom of each detailed table which will enable those who care to do so to enter new figures as soon as they appear. period has been chosen. In a few cases other base periods are used for special reasons. In all cases the base period is clearly indicated. j The relative niunbers are coniputed l>y allowing the ; monthly average for the base year or period to equal j 100. If the movement for a current month is greater j than the base, the relative number will be greater thaji i 100, and vice versa. The difference between 100 and the relative number will give at once the per cent increase or decrease compared with the base period. Thus a relative number of 115 means an increase of 15 per cent over the base period, while a relative number of 80 means a decrease of 20 per cent from the base. | Relative numbers may also be used to calculate the approximate percentage increase or decrease iii a movement from one period to the next. Thus, if a relative ADVANCE SHEETS number at one montjh is 120 and for a later month it Kealizing that current statistics are highly perish- is 144 there has been an increase of 20 per cent. able and that to be of use they must reach the business INDEX NUMBERS man at the earliest possible moment, the department has arranged to distribute advance leaflets almost When two or more series of relative numbers are <&very week, whenever sufficient material is available; combined by a system of weightings the resisting fe> those subscribers who request thenu The leaflets series is denominated an index number. The index are usually mailed on Thursdays, and give such infpr- dumber, by combining raany relative numbers, is mation as has been received during the preceding designed to show the trend of an entire group of inweek. The information contained in these leaflets is dustries or for the country as a whole, instead of for also reprinted in " Commerce Reports," issued; weekly the single commodity or industry which the relative by the Bureau of Foreign and Domestic Commerce. number covers,. Comparisons with the base year or The complete bulletin is distributed as quickly as it with other periods are made in the same manner as in can be completed and printed. the case of relative numbers. BASIC DATA BUSINESS INDICATORS The figures reported in the accompanying tables are The diagrams o& page 2 have been prepared to very largely those already in existence. The chief facilitate comparisons betweeii a few of tne more function of tlie department ip to bring together these important business movements. The lines are plotted data which, if available at all, are scattered in hun- on what are known as ratio charts (logaritbmic scate). dreds of different publications. A portion of these These charts show the percentage increase arid allow data are collected by Govetoment departments, other direct comparisons between the slope *)f one #tirve and figures are compiled by technical journals, and still that of any dther ctirve regardless of its location on others are reported by trade associations. the diagram; that is, a 10 per cent increase in an item is given the same vertical movement whether its RELATIVE NUMBERS curve is near the t>ottom or near the top of the chart. The difference between this and the ordinary form To facilitate comparison between different items and render the trend of a movement mdre apparent, rela- of a chart can be made clear by an 0xaiftjple. If a tive numbers (often called "index numbers," a term certain item, hairing a relative pumber of .400 in one ref erring mare particularly to a special kind of number month, increases 10 per cent in the following month, described below) have been calculated. The relative its relative number will he 440, and on an ordinary numbers enable the reader to see at a glance the i chart would be plotted 40 equidistant scale points general upward or downward tendency of a move- higher than the preceding month. Anqth&r movement which can not so easily be grasped from the ment with a relative number of, say, 50, aj&o increases 10 per cent, making its relative number 55. On the actual figures. In computing these relative numbers the last pre- ordinary (arithmetic) scale this item would rise only 5 war year, 1913, or in some instances a five-year aver- equidistant points, whereas the previous item rose 40 age, 1909-1913, has been used1 as a base equal to 100 points, yet each showed the same percentage increase. wnerever possible. In many instances^ comparable The ratio charts avoid this difficulty and give to each figures for the pre-war years are not available, and in of the twp movements exactly the same vertical rise such cases the year 1919 has usually been taken as and hence the slopes of the two lines are directly the base. For some industries 1919 can not be comparable. The ratio charts compare percentage regarded as a proper base, due to extraordinary con- changes, while the arithmetic charts compare absolute ditions in the indiistry, and some more representative changes. This issue present* practically complete data for the month of November arid also, on page 24, items covering December received up to January 14. A* most data covering a particular month's business are not available until from 15 to 90 days after the close of the month9 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 almost every week the latest data available* Summary for December based upon early items Is given on page J. MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS 1925 JANUARY No. 41 CONTENTS TEXT MATERIAL Page 1 Preliminary summary for December Course of business in November: General business 5 Summary of indexes of business 6 Review by principal branches of industry and commerce_ 8 Manufacturing production index—Adjusted for seasonal variations 28 GENERAL CHARTS Business indicators Employment, by major industrial groups Production, stocks, and unfilled orders Wholesale and retail food price index numbers Building contracts awarded November wholesale prices, peak and pre-war prices 2 4 6 7 13 26 GENERAL TEXT TABLES Business indicators . Business summary Census of manufactures: 1923 Indexes of business (production, prices, sales, etc.) December data Wholesale price comparisons __ _ 3 5 19 20 24 27 TREND OF BUSINESS MOVEMENTS Textiles . Metals Nonferrous metals_ Fuels Automobiles Rubber Hides and leather Paper and printing . Buttons Glass and optical goods Building construction. Chemicals Naval stores . Fats and oils Foodstuffs Tobacco Transportation Public utilities Employment Distribution movement.., Banking and finance Foreign exchange and trade Trade and industry of foreign countries 29 31 32 33 34 34 34 35 35 36 36 38 39 39 39 42 42 43 43 44 44 47 48 PRELIMINARY SUMMARY FOR DECEMBER Reports from the iron and steel industries indicate larger production in December than in either the previous month or a year ago. Deliveries of silk to consuming establishments and the output of primary zinc were also larger than in either the prvious month or December, 1923. Shipments of locomotives by principal manufacturers, though smaller than a year ago, were larger than in November, while unfilled orders for locomotives and steel were larger at the end of December than at the end of either comparative period. Sales of two mail-order houses during December amounted to $46,316,000, as compared with $39,541,000 in November, and $35,861,000 in the same month a year ago, while sales by four leading ten-cent chains in December aggregated $61,205,000 as contrasted with $33,294,000 in the previous month and $55,241,000 in December, 1923. Carloadings were more numerous than in December of last year, while wholesale prices continued to increase. Check transactions were larger 25641—25f 1 than in either November or a year ago, while loans and discounts of Federal reserve member banks continued to increase. Transactions on the New York Stock Exchange were considerably above the volume of December, 1923, while prices of stocks, both industrial and railroad, continued to average higher. Interest rates averaged higher in December as compared with the previous month but were below a year ago, while bond prices were generally lower than in November. Imports into the United States w^ere larger than in either the previous month or December, 1923, while exports, though smaller than in November, were larger than a year ago. The gross debt of the Federal Government was further reduced during December. The number of commercial firms failing in December was larger than in either the previous month or a year ago, while defaulted liabilities, though larger than in the preceding month, were smaller than in December, 1923. BUSINESS INDICATORS: 1920-1924 (1913 monthly averages =100. See explanation on inside front cover. Except for ''Net freight ton-miles" and "Price of 25 industrial stocks," latest month plotted is November, 1924; for stock prices December has been plotted but October is the latest month plotted for freight ton-miles) PiG-iRON PRODUCTION UNFILLED STEEL ORDERS COPPER PRODUCTION COTTON CONSUMPTION NET FREIGHT TON-WILES =1 ; BANK CLEARINGS-oursiDE SALES, MAIL-ORDER HOUSES WHOLESALE CITY (VALUES) PRICES DEFAULTED LIABILITIES PRICE OF 25 INDUSTRIAL STOCKS 400 300 200 y 100 "^ ^**r .— 80 «n 60 4O 20 10 1920 1921 1922 1923 1924 1920 1921 1922 1923 1924 1920 1921 1922 1923 1924 3 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 months, does reflect the present tendency in each item and will give a basis for business judgment. Where available at the time of going to press, January 14, December indicators have been included, thus bringing this table up to date. It should be noted that the charts on page 2 show November data as the latest plotted, except for stock prices which show December and freight ton-miles which show October. 1923 MONTHLY A V E R A G E 1924 COMMODITY 1920 ! 1921 ! 1922 1923 Sept. ; Oct. : Nov. Dec. May Sept. Oct. Nov.! Dec June I July 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: U. S. Steel Corp Stocks: Crude petroleum Cotton (total) Prices: l Wholesale index _ Retail food Retail coal, bitum Farm products Business finances: Defaulted liabilities.. Price 25 ind. stocks... Price 25 R. R. stocks. Banking: Clearings, N. Y. City. Clearings, outside Com'l paper int. rate. Distribution: Imports (value) Exports (value) Sales, mail-order Transportation : Freight, net ton-miles. 120 135 99 108 98 119 54 64 39 107 99 87 87 114 81 131 58 85 130 144 121 153 104 114 122 133 122 185 38 116 123 142 129 193 114 123 113 124 125 139 102 108 114 113 127 87 105 100 118 144 131 70 104 127 120 151 129 80 100 115 135 166 128 ,122 106 100 126 132 130 173 89 74 102 104 129 197 102 78 79 81 125 203 101 76 70 74 127 225 102 81 74 101 131 228 93 87 80 112 125 228 100 103 97 123 135 231 101 117 98 123 134 139 89 102 283 178 105 119 113 312 189 97 113 117 349 224 109 126 130 407 292 117 130 160 398 312 104 134 116 420 323 116 156 149 452 313 114 139 183 466 284 99 123 205 488 273 124 137 205 472 268 109 114 177 448 288 104 115 160 429 287 103 121 145 417 298 89 135 151 399 286 75 116 154 382 295 75 132 153 386 298 77 135 115 397 288 94 14G 103 289 114 167 118 970 170 90 96 102 85 79 75 81 83 81 71 61 55 54 56 59 60 68 127 155 152 198 234 153 287 125 304 95 312 149 329 169 322 167 321 149 323 132 327 113 331 92 334 74 339 59 343 45 349 44 350 84 348 161 84o 193 226 203 207 205 147 153 197 116 149 142 188 124 154 146 190 134 154 149 184 130 153 150 186 132 152 151 185 133 151 150 183 135 151 149 180 134 152 147 180 134 150 144 175 128 148 141 168 128 147 141 163 127 145 142 163 128 147 143 165 130 150 144 159 137 149 147 164 129 152 149 169 136 153 150 171 137 157 108 184 67 229 136 64 228 169 75 197 185 72 126 177 69 348 175 69 217 181 70 226 187 70 225 193 73 158 192 73 428 189 74 214 183 75 160 183 75 149 187 78 161 195 82 242 205 86 150 201 85 158 202 84 136 213 92 198 | 231 95 257 275 134 205 212 118 230 230 80 226 275 90 191 254 93 225 296 93 229 277 92 247 301 90 262 292 88 230 256 87 249 280 83 258 278 84 263 275 77 253 266 71 268 282 64 258 265 59 245 277 57 274 314 57 284 290 59 325 317 64 294 331 264 140 181 188 177 154 204 212 168 259 170 184 231 206 193 335 195 194 306 193 206 318 198 191 271 223 177 270 215 164 279 217 168 300 203 161 243 183 148 239 185 134 196 170 160 211 192 207 279 208 255 364 198 238 351 224 214 411 137 105 115 139 144 154 140 122 126 132 133 117 124 117 121 133 143 158 1 16 141 106 82 i " 1919 nlonthly average =100 Production: Lumber J Bldg. contracts Stocks: Beef Pork Business finances: Bond prices (40 issues). Banking: Debits outside N. Y. City Federal ReserveBills discounted Total reserves Ratio . . . 100 72 85 69 114 102 126 106 131 83 137 116 132 111 108 102 113 107 125 103 129 147 131 136 131 124 124 103 112 88 132 90 128 93 135 102 105 66 98 42 83 29 70 32 91 20 74 27 59 39 67 45 82 43 93 41 103 39 110 33 109 28 111 25 111 21 104 21 91 20 70 28 48 42 50 86 87 107 104 103 102 103 103 105 104 105 105 106 108 110 110 109 110 110 110 114 91 97 107 98 113 106 116 111 100 109 108 106 104 106 101 104 119 107 124 132 97 87 91 122 122 28 144 154 39 146 152 45 145 152 46 146 15i 41 146 152 44 143 146 27 149 162 27 147 161 25 147 161 23 147 163 22 147 165 18 149 165 15 149 165 14 146 164 13 144 160 12 143 157 11 143 154 16 139 145 1 Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture as of the 15th of the month. 2 Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hard and soft woods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 34,552,000,00®, board feet reported by the census. EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS (Drawn from data compiled by U. Department of Labor and representing weighted indexes based upon number of wage earners in the respective industries in 1919) (Average monthly employment 1923 = 100) GENERAL INDEX OF EMPLOYMENT 130 {920 FOOD AND KINDRED PRODUCTS I I (921 I IS22 I 1923 TEXTILES AND THEIR PRODUCTS IRON AND STEEL AND THEIR PRODUCTS LUMBER AND ITS REMANUFACTURES PAPER AND PRINTING CHEMICALS AND ALLIED PRODUCTS STONE, CLAY, AND GLASS PRODUCTS SLAUGHTERING [ A N D MEAT PACKING ! LEATHER AND ITS FINISHED PRODUCTS | GR< UP TO TAL 4> J «** N ^ "*»»*r PAPER ANf ) P l ^ i ¥+ %^ ^ __ <\AA~ STAMPED AND ENAMELED WARE ^ OTHER THAN IRON AND STEEL TOBACCO MANUFACTURES MISCELLANEOUS INDUSTRIES CHSW3NG AND SMOKING GROUP TOTAL I mn !922i 1923 % % I 1924 I 11 § 1 1 1 § i m 19221 1923 I 1924 I 19221 1923 I 1924" BUSINESS SUMMARY [Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable comparisons to be made of the relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this summary are given in the table entitled "Indexes of Business," beginning on p. 20. While actual data on electric power, building construction, factory employment, and the transportation situation may be found in the "Trend of Business movements"] 1 PER CENT INCREASE (-f ) OR DECREASE (— ) 1924 1923 i Septum- October jNovemi PRODUCTION: Manufacturing (64 commodities) Raw materials, total Minerals Animal products Crops Forest products Electric power Building construction (awards) 113 131 138 108 144 124 140 83 STOCKS OF COMMODITIES (45 commodities) : Unadjusted index _ Corrected for seasonal variation 1 113 118 UNFILLED ORDERS (relative to 1920) SALES (based on value) : Mail-order houses (4 houses) Ten-cent chains (5 chains) Wholesale trade Department stores (359 stores) 97 108 98 !| 122 125 126 117 :j 108 73 129 110 123 142 146 88 90 114 152 131 110 193 118 148 93 122 179 138 112 246 122 160 102 110 156 119 125 195 114 156 105 -9. 8 : -12. 9 : -13. 8 + 11. 6 : -20.7 -6.6 -2. 5 + 2. 9 -2.7 -f 10. 6 -12. 5 +1.6 +23.4 -4.2 +4. 7 -5. 4 132 122 123 131 121 134 128 136 143 137 146 137 + 2. 1 0. 0 , +10. 6 +12. 3 53 44 46 46 43 5° + 20.9 -1.9 92 I 134 i 122 151 180 ! 176 91 i 96 85 113 148 142 69 163 78 91 74 172 83 93 106 169 92 119 141 203 95 141 331 ' 199 84 141 -7.1 — 2. 0 -12. 5 0. 0 +7.4 +13. 1 -1. 1 -0. 7 58 _ __ July i November i November October NovemAugust Septemfrom i i 924 » fr ° m ber ber October | No™gber 123 157 152 122 184 131 153 116 i ] ! 113 | 141 | 136 i 123 ! 158 119 i 149 111 127 118 i ; 54 PRICES (recomputed to 1919 base): Wholesale, all commodities Retail food 75 . 80 ; 74 81 74 82 | 71 : 77 , 73 77 72 79 74 80 74 81 0. 0 1-1 2 0. 0 - 1 2 COST OF LIVING (1919 base) 95 95 96 94 95 95 96 96 0. 0 0. 0 FACTORY EMPLOYMENT (1919 base) 93 92 92 79 79 81 81 81 0.0 -12.0 116 116 92 100 101 195 110 110 117 118 148 70 131 126 59 TRANSPORTATION : Net freight ton-mile operation _ _ Car loadings (monthly total) Net available car surplus (end of mo.) 1 | 119 I 128 150 ! 124 i 16 16 117 111 7 1 + 88. 1 4-0 9 +20. 7 Comparable data back to 1919 were published in April, 1924, SURVEY, p. 28. COURSE OF BUSINESS IN NOVEMBER GENERAL BUSINESS Although manufacturing production was less than in October, the decline was very small when account is taken of the smaller number of working days in the month. General manufacturing activity was also slightly less than a year ago, though on a working-day basis there was a slight increase (see seasonal adjustment in manufacturing index described on page 28). Of the principal industries, almost all declined in production from October, except pig iron, and were in general less than a year ago. Copper production and the consumption of raw cotton increased over a year ago, however. Mineral production was generally less than a year ago, but the marketings of agricultural produce showed a considerable increase. Building contracts awarded in November increased over October, but were smaller than a year ago, while unfilled orders in the steel and building industries advanced during the month, the building material orders standing above a year ago. Stocks of com- modities on hand were, on the whole, unchanged from. October, if seasonal conditions are taken into account. Though declining seasonally from October, sales of mail-order houses and chain stores were larger than a year ago, department-store sales being slightly less. Wholesale trade was the same as a year ago and wholesale prices fractionally higher. The volume of check business was slightly greater than a year ago and for New York City also exceeded the October figures. Interest rates rose over the October average, while the Federal reserve ratio declined. Factory employment showed no change from October and was less than a year ago. Car loadings increased over a year ago, with a seasonal decline from October. The losses from business failures also declined from October and were one-third less than in November, 1923. Merchandise imports and exports both declined from October but increased over a year ago. 6 SUMMARY OF INDEXES OF BUSINESS PRODUCTION and clay products, and miscellaneous groups alone showed increases in productivity. Manufacturing production in November, as measThe combined raw material production index stood ured by the weighted index number for 64 com- at 156 per cent of the 191.9 average as against 141 a modities, stood at 110 per cent of the 1919 average j year ago. The minera l index at 119 compares with as against 122 in October and 113 a year ago. Do- 138 in October and 136 a vear ago. All minerals dines from October were noted in all groups except ; showed smaller production than in October, except iron and steel and chemicals, while a year ago all < zinc, which was unchanged, while, compared with a groups declined from October to November. Com- year ago, only copper, lead, and silver showed inpared with a year ago, the chemicals and oils, stone creases. RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES (1920 monthly average = 100) 45 COMMODITIES (SEASONAL VARIATIONS I I I I '* 1 1 I 1920 1 1921 The marketings of animal products were 125 per cent of the 1919 average as against 112 in October and 123 a year ago. Considerable increases in the marketings of wool, hogs, and poultry, mostly of a seasonal nature, overbalanced the declines in the other items. Compared with November, 1923, increases were noted in all items except hogs, eggs, and fish. The crop-movement index stood at 195 per cent of the 1919 average in November as against 246 in October and 158 a year ago. The declines from October, which occurred in all groups, were largely seasonal in character. Increases over a year ago were noted in all groups except fruits and miscellaneous products, with grains and cotton products increasing 35 per cent or more. The forest products output for November stood at 114 per cent of the 1919 average, comparing with 122 in October and 119 a year ago. The lumber group declined in a seasonal movement from October; pulp I I wood showed no change, while wood for distilling and gum were marketed in greater volume. Compared with a year ago, however, all groups except pulp wood declined. COMMODITY STOCKS The index of commodity stocks on November 30, as adjusted for seasonal''variation, stood at 137 per cent of the 1919 average as against 137 on October 31 and 122 a year ago. ^Stocks of raw materials other than raw foodstuffs increased from October while stocks of foodstuffs, both raw and manufactured, and of manufactured commodities declined. Compared with a year ago, stocks of all groups were higher. SALES The unfilled-order index for eight basic commodities, comprising the two main groups of iron and steel and of building materials, respectively, stood at 52 per cent of the 1920 average at the end of November, as compared with 43 a month before and 53 a year ago. The iron and steel index advanced during November from 34 to 40, while the building-material index advanced from 81 to 99. The iron and steel group showed a decline from a year ago in unfilled orders, while the building-material group made an increase. The index of wholesale trade, based on the 1919 monthly average as 100, stood at 84 in November as compared with 94 in October and 85 a year ago. All classes of wholesale trade declined from November in a seasonal movement, and declines were also noted from a year ago for all items except meats. A seasonal decline in mail-order-house sales from 141 per cent of the 1919 average in October to 131 in November compares with 122 a year ago. The chain-store figures showed declines in all groups except shoes, also due to seasonal conditions, while, compared with a year ago, sales of all classes of chains except music showed increases. Department-store sales at 141 per cent of the 1919 average showed no change from October and compared with 142 a year ago. The value of department-store stocks on November 30 stood at 147 per cent of the 1919 average as compared with 148 a month previous and 149 a year ago. COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX N U M B E R S WITH I N D E X OF ALL C O M M O D I T I E S AT W H O L E S A L E (IT. S. Department of Labor index numbers. 1916 1917 1918 1319 PRICES Prices received by producers of agricultural commodities were 137 per cent of the live-year pre-war average, taken as 100, as against 136 in October and 133 a year ago. Compared with'October, the increase in the dairy and poultry group from 130 to 150 and a slight increase in the unclassified group served to overcome slight declines in the other groups. The increase over a year ago was confined to grain, meat animals, and unclassified, declines being registered for the other groups. The wholesale-price index of the Department of Labor stood at 153 per cent of the 1913 prices as against 152 in October and 152 a year ago. The increase over October was distributed over all groups, while, compared with a year ago, increases occurred in farm 1920 Kelative prices 1913 = 100) 1321 1322 1923 products, foods, chemicals, and miscellaneous, with declines in other groups. The regrouping of this index by the Federal Reserve Board shows increases over October in producers' goods and in consumers' goods but a decline in raw materials, due to lower prices for animal products, as other raw products showed increases. Wholesale price increases were also shown in the commercial indexes. Retail food prices stood at 150 per cent of the 1913 average as against 149 in October and 151 a year ago. The cost-of-living index showed no change from October or a year ago, advances over October in food, fuel, and sundries being neutralized by declines in shelter and clothing, while, compared with a year ago, shelter and sundries increased in cost and the other groups declined. REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES Wool receipts at Boston in November were larger than in October and also larger than a year ago, especially in foreign wool. For the first 11 months of the year total receipts were almost 30 per cent less than in 1923, domestic receipts increasing 42 per cent and foreign declining 63 per cent. Imports of raw wool were slightly less than in October, but larger than a year ago, the 11-month cumulative figure j showing a decline of 38 per cent from 1923. j Wool consumption by textile mills was about 12 | per cent less in November than in October and someAvhat less than a year ago. Looms were generally j more active in November than in October, with j spindles and combs showing somewhat less activity. Activity of most woolen machinery was slightly less than a year ago. Prices of raw wool and of worsted yarn rose as compared with the October average and a year ago, while dress goods and suitings were unchanged as compared with both periods. The final estimate of the cotton crop shows an increase of about 30 per cent over 1923. Ginnings through November were also about 30 per cent higher than a year ago. Imports of raw cotton declined from October and increased over a year ago, the 11-month figure showing a decline of about 20 per cent from 1923. Exports during November were almost 40 per cent larger than in October and about 70 per cent larger than a year ago, the 11month total showing an increase of almost 30 per cent. Stocks of cotton at mills and warehouses made the usual seasonal increases during November, the total on November 30 being 14 per cent larger than a j-ear ago, although mill stocks were smaller. The world visible supply was also larger than a year ago. Cotton consumption by textile mills declined by almost 8 per cent from both October, 1924, and November, 1923. The 11-month total showed a ; decline from the 1923 period of about 18 per cent. More cotton spindles were active in November than in October, activity averaging 88 per cent of capacity as compared with 85 per cent in October and 97 per j cent a year ago. Total activity was less than in ! October, owing to the shorter month, and also about ! 11 per cent less than a year ago. Orders, billings, and shipments at cotton-finishing plants were less than in October, 1924, and in November, 1923, the 11-month totals in each case showing a decline of about 15 per cent from a year ago. Stocks at finishing plants on November 30 showed a slight increase over the previous month but a decline I of 15 per cent from a year ago. Operating activity j averaged 58 per cent for November as against 67 per \ cent in October and 66 per cent for November, 1923. Exports of cotton cloth declined 12 per cent from October and increased 26 per cent over a year ago, bringing the 11-month total slightly above the 1923 period. Prices of raw cotton and cotton yarns declined slightly from the October averages, but slightly higher prices were recorded for print cloths and sheetings. Kaw cotton prices were about 30 per cent below November, 1923, while yarns and goods were 15 to 17 per cent lower. Imports of raw silk increased over October and a year ago, the 11-month total, however, showing a» decline of 8 per cent from the 1923 corresponding period. Deliveries of silk from warehouses were less than in November but larger than a year ago, the 11 -month cumulative showing a decline from 1923 of 1 per cent. Stocks of silk were 25 per cent higher than on October 31 and 60 per cent above a year ago. Silk prices averaged 8 per cent higher than in October but were considerably less than a year ago. Burlap imports declined from October and from a year ago, while unmanufactured fibers were imported in greater quantities than in October, though less than last year. Cumulative totals for both items showed slight declines from the 11-month period of 1923. Shipments and unfilled orders of light-weight pyroxylin-coated textiles increased over October and over a year ago, but declines were noted from both periods as respects heavy goods and the total amount of pyroxylin spread. IRON AND STEEL Iron-ore shipments declined seasonally in November but were less than half as large as a year ago. Stocks were slightly less than a year ago and consumption declined about 15 per cent. For the 11 months of the year iron-ore shipments and consumption both declined 28 per cent from 1923. Pig-iron output in November showed a slight increase over October but was about 12 per cent less than a year ago. Cumulative production for 11 months showed a decline of 24 per cent from 1923. Furnaces in blast at the end of November were about 10 per cent greater than in October in both number and capacity, though less than a year ago. Pig-iron prices averaged in general slightly higher than in October but were below a year ago. The output of steel ingots was almost as large as in October and larger on a daily average basis. For the 11 months total, ingot production declined about 19 per cent. Bookings of steel castings increased over October, owing to larger bookings of railroad specialties and were almost 80 per cent larger than a year ago. Compared with the 11 months7 total for 1923, bookings of steel castings declined 21 per cent, railroad castings showing a decrease of only 10 per cent. Unfilled orders of the United States Steel Corporation increased 14 per cent in November and were about 8 per cent less than a year ago. Production and shipments of independent sheet manufacturers declined slightly from October but sales and unfilled orders doubled the October figures. The per cent of capacity produced increased from 79 in October to 80 per cent in November, comparing with 67 per cent a year ago. Stocks on hand showed little change during November but were less than a year ago. All other items were considerably larger than in November, 1923. The large November sales brought the cumulative for 11 months to about the 1923 total for the period, while production and shipments declined from the 1923 totals. PIG-IRON PRODUCTION AND UNFILLED STEEL ORDERS AT THE END OF EACH MONTH (Unfilled orders from United States Steel Corporation) ISI3 I 1914 | 1915 j 1913 I 1917 ! 8918 Prices of steel showed little change from October but declines from a year ago. Exports were less than in October and a year ago, the 11-month total showing a decline of 6 per cent. Production and shipments of steel barrels declined from October, stocks increased slightly, and unfilled orders increased about 80 per cent. Shipments of railway locomotives from manufacturing plants were 38 per cent larger than in October, although foreign shipments were less, and both foreign and domestic shipments were less than half as large as in November, 1923. Total shipments for 11 months were also less than half the 1923 totals, though foreign shipments declined only 25 per cent. Unfilled orders for locomotives w^ere 14 per cent less than on October 31 and 42 per cent less than a year ago. 2 25641—251 | 1919 1 1920 Foreign orders, however, increased over both periods. Orders for freight and passenger cars placed in November increased over October and over a year ago. For the 11-month period freight-car orders were much larger than in 1923, while passenger-car and locomotive orders declined. Orders for machine tools declined from October and from a year ago. Sales and unfilled orders of foundry equipment increased over both periods but shipments declined; sales and shipments were from 22 to 23 per cent less than in the 1923 11-month period. Stoker sales were greater in number but less in horsepower than in October, but were twice as large as a year ago in both respects. Eleven months7 total sales, however, were 25 per cent below 1923 in number and 31 per cent less in aggregate horsepower. 10 Bookings of fabricated structural steel increased | 1923, showed a decrease of 8 per cent from the 1923 from 66 per cent of capacity in October to 85 per cent cumulative period. Tin prices averaged 7 per cent in November, comparing with 54 per cent in No- | higher than in October. Lead prices also were higher. vember, 1923. Total bookings for the 11 months RELATIVE PRODUCTION AND STOCKS OF ZINC were 10 per cent greater than in 1923. Shipments ! were at the rate of 64 per cent of capacity in November as compared with 78 per cent in October and 71 per cent a year ago. The tonnage output of vessels in November was larger than in October and about twice as large as a year ago. For the 11-month period less tonnage was constructed than in 1923 b\^ 22 per cent, but for steel seagoing vessels there was an increase of 21 per cent. Steel furniture shipments were less in value than in. October but greater than in November, 1923. NONFERROUS METALS The mine output of copper was slightly less than in October and 7 per cent above a year ago, both for the month and the 11 months' cumulative. Copper exports were 14 per cent greater than in October and 44 per cent higher than a year ago, the 11-month total showing an increase of 38 per cent. Copper prices averaged slightly higher than in October. Sales of tubular plumbing goods were considerably higher than in October and also higher than a year ago. iiU n n s i i i i n i M l i i Inn \\ i COPPER PRODUCTION AND EXPORTS FUELS A decline of 13 per cent from October and 5 per cent from a year ago occurred in bituminous coal output. the 11 months' cumulative showing a decrease of 16 per cent from the 1923 period. Exports declined from both the previous month and a year ago, with a cumulative decline of 22 per cent for the year to date. Prices averaged slightly less than in October, except the wholesale price, which remained unchanged. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL 1922 I 1923 1924 Zinc production increased slightly over October but was less than a year ago, the total for the 11 months being 1 per cent higher than in 1923. Stocks increased considerably during November and the price of slab zinc also rose. Stocks of tin in the United States were less than on October 31, but the world visible supply was greater; both were larger than a year ago. Imports declined from both periods and for the 11-month period showed a decline of 6 per cent. Deliveries from warehouses, increasing over October but declining from November, \ i I I I i I I I i i I i i I I ill CUMULATIVE PRODUCTION OF AUTOMOBILE TRUCKS 400 The price of petroleum averaged less than in October but 15 per cent higher than a year ago. AUTOMOBILES AND RUBBER 350 The output of automobiles was smaller than October by 21 per cent and 27 per cent less than a year ago, the decline in truck production being much smaller relatively than for passenger cars. For the 11-month period total automobile production was 10 per cent less than in 1923, passenger cars showing a slightly greater decline, while trucks declined 4 per cent. Sales of automobile accessories and parts, as computed from internal-revenue taxes covering sales during the previous month, declined in November from October. Exports of automobiles declined from October but were about the same as a year ago, with passenger cars increasing and trucks decreasing as compared with November, 1923. For the 11 months' period total automobile exports were 18 per cent higher than a year ago. CUMULATIVE PRODUCTION OF PASSENGER AUTOMOBILES Anthracite production was about 12 per cent less than in October and a year ago, with a cumulative decline from 1923 of 6 per cent. Exports also declined from both previous periods, with a cumulative decline of 22 per cent from 1923 over 11 months. The wholesale price of anthracite remained unchanged from October. Coke production was about the same as in October but smaller than a year ago, owing to the decline of 43 per cent in beehive output. Beehive production for the first 11 months of the year declined 48 per cent from the 1923 period, wiiile by-product output declined 11 per cent. Exports of coke were 43 per cent less than a year ago over the 11 months. The price of coke rose in November over the October average. The output of petroleum declined from October and was about 14 per cent less than a year ago, the cumulative for 11 months showing a decline of 3 per cent. Stocks of crude petroleum declined during November and were about 8 per cent higher than a year ago. 12 Imports of crude rubber were less than in October but twice as large as a year ago. For the 11 months of the year rubber imports were 9 per cent greater than a year ago, Wholesale price of Para rubber rose 9 per cent over the October average and was 40 per cent higher than in November, 1923. Production and stocks of pneumatic tires declined from October while shipments increased. Compared with a year ago, all items increased except stocks of solid tires. November box-board production declined from October; orders received were slightly less and unfilled orders about 10 per cent greater. Stocks of waste paper on hand decreased 5 per cent, but slight increases were noted in stocks in transit and in unshipped purchases, NEWSPRINT PAPER PRODUCTION AND MILL STOCKS (November, 1924, latest month shown.) HIDES AND LEATHER Imports of hides and skins exceeded October and a year ago by about 24 per cent each, the principal increase being due to large cattle hide importations, this class increasing over 50 per cent over both periods. Total imports declined 37 per cent from 1923 over 11 months, all classes of hides and skins showing declines. Prices of hides and calfskins were higher than in October. The production of sole leather, skivers, arid harness leather all declined from October and from a year ago. Compared with the 1923 cumulative, the 11 months' figures show declines of 24 per cent in sole leather, 14 per cent in skivers, and 24 per cent in harness stuffed. Exports of both sole and upper leather were slightly less than in October, upper increasing over a year ago and sole declining. For 11 months sole leather exports increased 24 per cent and upper leather 13 per cent. Sole-leather prices averaged higher than in October, with chrome calf unchanged; both grades were higher than a year ago. Sales of belting declined from October and from a year ago, total sales for 11 months being 23 per cent below 1923. The output of boots and shoes declined about 18 per cent from October and 7 per cent from a year ago. Exports of boots and shoes declined from both periods. Price quotations tended to advance somewhat. A reduction took place in the number of leather gloves and mittens cut, both as compared with October and with a year ago. PAPER AND PRINTING Imports of both mechanical and chemical wood pulp declined from October and from a year ago. Production and stocks of newsprint paper declined from October, production showing a slight decrease from a year ago and shipments an increase. For the 11 months7 period both production and shipments of newsprint declined about 2 per cent from 1923. Both imports and exports of newsprint declined from October but exceeded a year ago. Stocks at mills were also less than in October but slightly higher than a year ago. More editions of books were published in November than in either the previous month or a year ago, both of American manufacture and imported. Shipments of sales books, however, declined from both periods, but for the 11 months' period were 7 per cent greater than in the 1923 comparison. The output of paper-board shipping boxes was slightly greater than in October in spite of a slightdecline in solid liber boxes. Compared with a year ago, solid fiber output also declined, but total production increased about 16 per cent. Compared with the 1923 cumulative period, total production increased 4 per cent, though solid fiber output declined. Operating activity in November was 78 per cent of normal, comparing with 77 per cent in both October and a year ago. BUTTONS AND OPTICAL GOODS Output of fresh-water pearl buttons stood at 36 per cent of capacity in November as against 32 per cent in October and 46 per cent a year ago, while stocks increased slightly over October 31, but were lower than a year ago. Sales and unfilled orders of spectacle frames and mountings were less than in October or a year ago. Illuminating glassware production increased to 51 per cent of capacity from 46 per cent in October and declined from 57 per cent a year ago. Orders and shipments declined from both periods, however. BUILDING CONSTRUCTION Building costs tended upward in November, with increases of about 1 per cent over October. The index of plumbing prices, however, continued downward. The award of building contracts in November was about the same as in October, but declined from a 13 VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES •4-^ BUSINESS AND INDUSTRIAL - year ago in floor space, though the value contracted for increased over November, 1923. Residential buildings made the only conspicuous increase over the October lettings, while, compared with a year ago, only business buildings increased in floor space, but all except commercial and educational increased in value. For the first 11 months of the year, contracts of all classes except industrial buildings increased over the 1923 period, the grand total showing a gain of 3 per cent in floor space and 12 per cent in value. Fire losses for November exceeded October by 40 per cent and were 32 per cent higher than a year ago. For the year to date, however, the fire losses were 9 per cent less than in the corresponding period of 1923. BUILDING MATERIALS The output of lumber was generally smaller in November than a year ago, with exceptions in North Carolina pine and in walnut. Total production for 11 months shows southern pine about the same as in 1923, Douglas fir, northern pine, western pine, and California pine slightly less, while redwood and North Carolina pine showed increases. Shipments in November were generally greater than a year ago, Douglas fir and northern pine being exceptions. New orders for both southern pine and Douglas fir were higher than a year ago. Stocks of southern pine were smaller than a year ago, but stocks of western pine and of walnut were larger. Exports of lumber increased over both the previous month and a year ago. Retail sales in the Minneapolis Federal reserve district declined from October but increased over November, 1923, stocks in retail yards declining from both periods. Lumber prices were slightty higher than in October but lower than a year ago. Oak flooring production declined from October but maple flooring output increased. Shipments of both classes of flooring declined, while new orders and unfilled orders showed increases in both cases. Compared with a year ago, all items showed an increase for oak flooring, but all except stocks declined as respects maple flooring. Clay fire-brick production and shipments were less than in either October, 1924, or November, 1923, but stocks, new orders, and unfilled orders increased over both periods, except for a decline in unfilled orders from a year ago. Total production of clay fire brick for 11 months was about 10 per cent less than in the 1923 period. Silica-brick production increased over both previous periods and for 11 months was about the same as in 1923. Shipments declined from October but were 39 per cent higher than a year ago. Stocks increased slightly during November but were 20 per cent less than in November 30, 1923. Large increases were noted in new orders over both periods and also for unfilled orders over October 31. Unfilled orders were 38 per cent less than a year ago, however. Face-brick production declined 16 per cent from October but was 5 per cent greater than a year ago,. 14 both for the month and for 11 months. Stocks at yards were larger than at both previous periods and unfilled orders about 20 per cent less. Shipments declined 21 per cent from October but exceeded shipments a year ago. Paving-brick output was at 89 per cent of capacity for November as against 91 per cent in October and 74 per cent a year ago. Shipments declined from the previous month but increased over a year ago, while new orders and unfilled orders declined. Bookings of architectural terra cotta increased over October but were slightly less than a year ago. For the 11 months to date bookings were 4 per cent greater than in the 1923 period. Cement production and shipments declined from October but increased over a year ago, both showing gains over 1923 of 8 per cent for the 11 months' period. Stocks on November 30 were 28 per cent higher than a year ago. Fewer concrete paving contracts were awarded than in October or than in November, 1923. Production and stocks of roofing felt declined from October but were greater than a year ago. Shipments of enameled sanitary ware were in general about 20 per cent smaller than in either October, 1924, or November, 1923, the totals for 11 months showing increases over 1923 of 7 per cent for baths, 2 per cent for lavatories. 7 per cent for sinks, and 27 per cent for miscellaneous. Orders received also declined for all classes of enameled sanitary ware from both the previous month and a year ago. Stocks were slightly larger than at the end of October for all except the miscellaneous class, and from two to three times as large as a year ago. Unfilled orders declined from 15 to 18 per cent from October and averaged about 70 per cent less than a year ago. CHEMICALS AND OILS Imports of potash and of nitrate of soda were less than in October but about double the November, 1923, imports. Exports of sulphuric acid and of dyes, based on values, were slightly less than in October but greater than a year ago. Fertilizer exports were less than both periods, and for the 11 months showed a decline of 6 per cent. Prices of drugs and chemicals generally rose in November over the October averages. Receipts of turpentine were slightly less than in either October, 1924, or November, 1923, while stocks were considerably larger than at either previous period. Rosin receipts increased over October and were slightly less than a year ago. Stocks of rosin showed little change during the month and were 28 per cent less than a year ago. Both imports and exports of vegetable oils were larger than in either October, 1924, or November, 1923. For the first 11 months of the year, exports were 20 per cent less than in 1923, while imports showed an increase of about 30 per cent. Oleomargarine consumption declined from both the previous month and a year ago, the 11 months' total showing a gain of about 2 per cent over 1923. Cottonseed stocks at the end of November were almost 50 per cent higher than a year ago, while cottonseed oil stocks were 24 per cent less and production was 30 per cent higher than a year ago. The price of cottonseed oil declined both from October and from a year ago. Receipts and shipments of fiaxseed at northwestern points were considerably larger than a year ago and total stocks were also larger. CEREALS The final estimate of the wheat crop of 1924 showed an increase of almost 10 per cent over the 1923 crop. Receipts and shipments of wheat at primary markets were considerably larger than in November, 1923, and exports of wheat and flour were almost three times as large as a year ago. The visible supply in the United States at the end of November was about 28 per cent larger than a year ago, while the Canadian visible supply was smaller than last year by about the same proportion. Wheat and flour prices both rose over the October average and were from 40 to 48 and from 32 to 35 per cent higher, respectively, than a year ago. The final estimate of the 1924 corn crop indicated an outturn 20 per cent less than in 1923. Receipts, shipments, and exports of corn during November were less than a year ago but the visible supply was over twice as large as on November 30, 1923. Corn grindings were slightly less than a year ago. The price of corn averaged slightly higher than in October and 34 per cent above a year ago. The 1924 crop of oats was 18 per cent larger than the 1923 crop, according to the final estimate. Receipts and exports of oats were slightly larger than a year ago and the visible supply was over three times as large. The price of oats averaged about the same as in October and 19 per cent higher than a year ago. The barley crop showed a decline of 5 per cent from 1923, but receipts and exports in November were much larger than a year ago. The price of barley averaged 5 per cent less than in October but 32 per cent higher than in November, 1923. The rye crop increased less than 1 per cent over 1923. Receipts and exports during November were much larger than a year ago, however. The price of rye was 3 per cent higher than in October and 85 per cent above the November, 1923, price. Total grain exports, including grain equivalent of flour, were smaller than in October and 164 per cent above a year ago. Car loadings of grain were also less than in October but 18 per cent above a year ago. Visible supplies of grains in Argentina were all higher than last year at the end of November. 15 Receipts of paddy rice at southern mills were | slightly less than a year ago, while shipments of- | cleaned rice were larger. The rice crop was less than j 1 per cent larger than in 1923. Stocks of rice were j 31 per cent larger than a year ago. Exports and im- j ports were considerably smaller than in November, 1923. | The commercial apple crop of 1924 was 20 per cent ! smaller than the 1923 crop. Car-lot shipments of j apples in November declined 24 per cent from a year ago. Car-lot shipments of potatoes, onions, and citrus fruit were all larger than in November, 1923. The hay crop of 1924 was slightly larger than the 1923 1 crop, but receipts of hay during November declined from a year ago. MEATS AND DAIRY PRODUCTS Receipts and local slaughter of cattle and calves ; increased over a year ago, while all shipments declined. ; For the 11 months1 period the same relationship existed also, as compared with 1923. Exports of beef products increased over a year ago, but for the Cold-storage holdings % year to date were slightly less. were larger than a year ago. Prices of cattle and of \ steer rounds declined from both the previous month and a year ago, while carcass beef increased over both periods. Receipts, shipments, and local slaughter of hogs all declined from a year ago, and for the 11 months' period were also less except in total shipments. Ex- ; ports of pork products were considerably less than a year ago, both for the month of November and for the 11 months1 period. Cold-storage holdings were 25 per cent less than a year ago. Prices of hogs, hams, and lard all averaged less than in October and except for hams were higher than a year ago. Receipts and all shipments of sheep were larger than in November, 1923, but local slaughter was less, the same relationships existing over the 11-month period. Cold-storage holdings of lamb and mutton were greater than a year ago. Prices of ewes advanced from, the October average, while lambs declined, both being higher than a year ago. Receipts of poultry exceeded the 1923 receipts, both for November and for 11 months, and storage holdings were 39 per cent larger than a year ago. The fish catch was slightly less than in November, 1923, but for the 11 months' period there was an increase. Cold-storage holdings were 10 per cent higher than a year ago. I Exports of condensed and evaporated milk declined from a year ago, but for the 11 months' total showed an increase of 19 per cent. Stocks were 17 per cent less than a year ago. Butter receipts declined from November, 1923, but for the 11 months' period showed an increase of over 5 per cent. Storage holdings were almost twice as high as a year ago. The price of butter was 18 per cent less than in November, 1923. Cheese receipts were less than a year ago, both for November and for 1.1 months. Storage holdings were slightly higher and the price was 19 per cent less than for November, 1923. Receipts of eggs showed a decline from a year ago, both for the month and for the 11 months. Storage holdings were 23 per cent less than in November, 1923. SUGAR, COFFEE, AND TEA Imports and meltings of raw sugar at refineries were about the same as a year ago and for 11 months exceeded the 1923 period by about 10 per cent. Stocks at refineries were 40 per cent less than a year ago. Exports of refined sugar were less than in November, 1923, but the 11 months' total shows little change. Receipts of the domestic cane crop in November were only one-third as large as a year ago. Sugar prices showed little change from October and declined from 15 to 20 per cent from a year ago. Cuban sugar movement of receipts and exports was much larger than a year ago, while stocks at Cuban ports were 33 per cent higher. Coffee imports declined from November, but for the 11 months1 period were slightly larger than a year ago. The world visible supply was larger than a year ago, but United States stocks were smaller. Receipts in Brazil exceeded the corresponding month last year but exports were smaller. Imports of tea were less than a year ago, both for November and for the year to date. TOBACCO The tobacco crop of 1924 was estimated as 17 per cent less than the 1923 crop on the final report. Sales from loose-leaf warehouses in November declined 33 per cent from a year ago. Consumption of all classes of tobacco products declined from November, 1923, and also showed a decline from last year in the 11 months' total except for cigarettes. Exports of both unmanufactured tobacco and cigarettes declined from a year ago, though for the year to date leaf-tobacco exports were larger than in 1923. Tobacco prices remained unchanged from October and were 13 per cent less than a year ago. SHIPPING Panama Canal cargo traffic during November was 12 per cent less than a year ago, though for the 11 months' period an increase of 4 per cent is shown. Ohio River traffic was larger than in November, 1923, but for 11 months showed a decline. Sault Ste. Marie Canal traffic for the complete season of 1924 showed a decline of 20 per cent in freight tonnage carried. 16 RAILROADS Loadings of freight cars in November were 1 per cent greater than a year ago, due to the increase of 18 per cent in loadings of grain and grain products. Small increases also occurred in coal and in merchanCUMULATIVE RAILWAY CAR LOADINGS dise, while ore loadings declined 42 per cent and livestock and forest products declined slightly. For 11 months total loadings were about 3 per cent less than in 1923, grains and merchandise alone showing increases, the former with a gain of 14 per cent. The surplus of idle cars at the. end of November was 20 per cent greater than a }rear ago, idle box cars showing a gain of 36 per cent and coal cars 3 per cent. Shortages were very much less than a year ago and totaled only two-tenths of 1 per cent of the surplus of idle cars. Cars in bad order represented 8 per cent of the total in use at the end of November as against 7 per cent in bad order a year ago. EMPLOYMENT AND WAGES Employment conditions in factories showed little change from October to November. The general index for the United States was unchanged at 88 per cent of the 1923 average, declines in the food, lumber, leather and motor-vehicle groups being balanced by a considerable increase in the tobacco manufacturing group and smaller gains in the iron and steel and miscellaneous groups. All groups showed declines from a year ago. Sectional reports show practically no change in the number employed in New York, a slight decline in Illinois, and slight gains in Massachusetts, in Detroit, and in Wisconsin. Total pay roll increased over October in both New York and Wisconsin, average weekly earnings increasing in New York, but declining in Massachusetts and Wisconsin. Wages of common labor were less in all sections than in October except in the East North Central, West South Central, and East South Central sections, where increases were noted, and in the Middle Atlantic section, which remained unchanged at 41 cents per hour. DISTRIBUTION MOVEMENT SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS i 1929 i 1 Sales of the two leading mail-order houses made a seasonal decline in November and were 15 per cent higher than a year ago. For the first 11 months of the year mail-order sales were 7 per cent higher than in the 1923 period. Sales of the four principal 10-cent chains showed an increase of 13 per cent over the November, 1923, figures, the decline from October being a seasonal condition. For the first 11 months of the year total 10-cent sales were about 12^ per cent above a year ago. Restaurant chains showed a slight decline in sales from a year ago but an increase in number of stores operated. For the 11 months7 period there was also a slight decline in dollar sales. Advertising placed for December magazines shows a slight increase over a year ago, while newspaper advertising for November shows a decline. For the year 1924 total magazine advertising was 4 per cent 17 LIFE INSURANCE Total new policies obtained in November slightly increased over a year ago but declined from October. Industrial policies declined from both periods, while ordinary and group policies increased. For the 11 months' period, however, the comparisons were reversed, with total policies exceeding the 1923 figures. In amount of new insurance, all classes increased over a year ago, both for November and the 11 months' period, total insurance to date showing a gain of 8 per cent over a year ago. Premium collections also increased over 1923 for all classes, both for November and for the 11 months' period, the total payments to the companies from this source showing a gain of almost 12 per cent over 11 months. DISTRIBUTION OF ADMITTED ASSETS OP 41 LIFE INSURANCE COMPANIES, BY CLASSES OF SECURITIES 60 TOTAL BONDS AND STOCKS 40 REAL ESTATE MORTGAGES 30 u. o \z UJ o cc 111 a. 60 F IAILROA D ^•iM C^BHH ^MMM •Milll^1 •ami"'"" W-* 50 840 Z 0 DQ •• *—— GOVERNMEN T •*M*^< *"»'* PUBLI C U T I L I TIES AN DOTHE R *^ •«•%.« .. 0 »n« ..... •» = ^ 10 • an omul 0 i 2 < > < 3 - = » 1923 i O - ^ ^ 1 < - a 1924 O - 3 5 1 Investments by life insurance companies at the end of November showed an increase over October of 4 per cent in holdings of public utility bonds and of 1 per cent in mortgage loans, with little change in the other items. BANKING AND FINANCE 50 Q Hi H DISTRIBUTION OF BOND INVESTMENTS OF 41 LIFE INSURANCI COMPANIES, BY CLASSES OF BONDS PER CENT TO TOTAL 8 § greater than in 1923, while newspaper advertising for 11 months was 1 per cent less than in the corresponding period of 1923. Postal receipts at the 50 largest cities declined slightly from a year ago, but at the next 50 cities a slight increase was shown. For the 11 months' period postal receipts increased for both classes of cities. Internal revenue tax collections on sales of firearms, on capital stock transfers, and on bond and stock issues and conveyances, received in November but covering October business, were all less than a year ago. POLICY LOANS. PREMIUM NOTES, AND ALL OTHER 20 1923 25641—251 1924 November check transactions, as shown by debits to individual accounts and bank clearings, were slightly larger than in October in New York City, but 8 to 10 per cent less for the rest of the country. Compared with November, 1923, New York check transactions were from 15 to 24 per cent larger, while for the rest of the country, the increase was slight. For the first 11 months of the year check transactions for 1924 increased 9 to 15 per cent over 1923 for New York City and very slightly outside. Condition of the Federal reserve banks at the end of November showed declines in discounts and deposits and increases in note circulation, investments, and reserves, the reserve ratio declining from 78.6 to 77.4 per cent. Compared with a year ago, the significant changes were a decline of 72 per cent in bills discounted and an increase of 132 per cent in total investments. Member bank statements showed increases approximating 1 per cent during November in total loans and discounts, in total investments, and in net 18 demand deposits, while, compared with a year ago, the increases were 8 per cent in loans and discounts, 26 per cent in investments, and 18 per cent in deposits. BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS Interest rates rose slightly over the October average for both call money and commercial paper, the November rates averaging considerably less than a year ago. A further slight decline was shown in the outstanding Government debt during November. Government receipts and expenditures both declined about 30 per cent from October, with customs receipts falling off 20 per cent. Compared with a year ago, receipts and expenditures each declined about 8 per cent, customs falling 14 per cent. For 11 months of 1924 receipts were 12 per cent above the corresponding period last year in spite of a decline of 7 per cent in customs, while expenditures were 10 per cent less. The amount of money in circulation showed an increase of 2 per cent over October and of slightly over 1 per cent above November, 1923, the per capita figure being about the same as a year ago. Commercial failures declined in November as respects both firms and liabilities, especially in the case of manufacturing establishments. A large decline in failures in manufacturing also brought the total failure figures below those of November, 1923, in spite of a considerable increase in failures of agents and brokers. For the year to date failures increased somewhat over 1923, especially as regards agents and brokers, while only in amount of liabilities of trade establishments was decrease noted. Dividend and interest payments listed for December were larger than a year ago. For the complete year 1924 there was an increase of 6 per cent, dividend payments increasing 4 per cent. New incorporations in November increased slightly over October, but were 29 per cent less than a year ago, the 11 months7 total showing a decline of 24 per cent from 1923 corresponding figures. New capital issues by corporations were only half as large as in October or in November, 1923, the total for 11 months showing a decline of 13 per cent from the 1923 figures. November new issues of State and municipal loans were also less than both comparative periods, but the total for 11 months of the year was 31 per cent larger than the 1923 corresponding period. Agricultural loans made in November through Government and land-bank sources were less than in October, except for advances by the War Finance Corporation through banks and livestock loan associations and rediscounts by Federal intermediate credit banks. These two branches of agricultural loans and loans by joint-stock land banks alone increased over a year ago. The November average of stock prices was higher than in October by 6 per cent for industrial stocks and 9 per cent for railroads. Bond prices showed little change, including municipal bonds. Sales of stocks were over twice as large as in October and almost twice as large as a year ago. Bond sales were onethird greater than in October and 71 per cent larger than a year ago, in spite of a decline in Liberty bond operations from the latter period. For 11 months of the year stock sales exceeded 1923 by 13 per cent and bond sales were 36 per cent larger, though Liberty bond transactions were only 8 per cent larger than a year ago. LOANS AND DISCOUNTS AND TOTAL INVESTMENTS OP FEDERAL RESERVE MEMBER BANKS 14 1921 i_J * TOTAL 3 i 1921 1922 N VESTMENTS 3 1923 8 I8 1924 19 GOLD AND SILVER Gold receipts at the mint declined both from October and from a year ago. The Rand output was less than in October but larger than in November, 1923. Imports and exports of gold both increased over October, the total for 11 months showing a gain over 1923 of 7 per cent in imports and a decline of 21 per cent in exports, with a net import balance of $287,000,000, comparing with $262,000,000 a year ago. Silver production declined slightly from October, but was 13 per cent larger than a }^ear ago. The 11 months' total, however, was slightly less than in 1923. Imports of silver increased over October, while exports declined. For the 11 months' period imports increased 3 per cent and exports 57 per cent, with a net export balance of $30,000,000, comparing with a silver import balance of $3,000,000 in the 1923 period. The average price of silver declined from the October average, but was higher than a year ago. FOREIGN EXCHANGE AND TRADE The foreign exchanges in general averaged higher in terms of United States currency, declines occurring however, in Italian and Japanese exchange. Compared with a year ago, only French, Italian, and Japanese exchange declined. The general index remained the same as in October and as in November, 1923, at 61 per cent of par. Imports for November showed a decline from October, but a slight increase over a year ago. Exports also declined from October but were 23 per cent larger than a year ago. For the 11 months' period imports were about 7 per cent smaller than in the 1923 period, while exports were over 10 per cent larger. The export balance of $868,000,000 over imports in the 11 months' period compares with an export balance of $237,000,000 a year ago. CENSUS OF MANUFACTURES: 1923—PRELIMINARY REPORTS The Bureau of the Census has announced preliminary figures on 30 additional manufacturing indus- tries collected pursuant to the census of manufactures for the year 1923. The following table summarizes the more important data made available since the compilation of the comprehensive list which appeared in the November issue and the supplement issued in the December number. As further similar reports are released they will be correspondingly summarized for the readers of the Survey. CENSUS OF MANUFACTURES RETURNS: 1923 VALUE OF PRODUCTS INDUSTRY CLASSIFICATION | 1328 1921 PERSONS EMPLOYED Per cent minimum ; Per cent month is of ; cent m' maximum ! in- crease' crease over I 1921 $107,570,484 $74,623,976 44.2 20.1! Mattresses and bed springs Rag carpets and rugs 6,097, 44l| 4, 860, 405; 25. 5 29. 4j 73,134, 009 56, 633,404! 29.1 21. 8| Cooperage Buttons 32,750,190 26,533,891! 23.4 22.4 ! Wood distillation and charcoal 29, 695,423 9, 677, 5521 206. 8 88.8! manufacture Pig iron _ 1.007,613,340 419,771,2-141 140.0 96. 3! 35.2 776,494,839! 550,163,554! 41.1 Furniture Structural and ornamental 61.9 56.9^ ironwork „ 404,924,956 250,085,446; 30,164, 709| 15, 742,112| 91. 6 47. 7! Models and patterns 1.5 Fertilizers 183,088,751! 180,374,789! 9.9! Lead, smelting and refining 227, 735,149! 150,593, 779! 51. 2i 37.4! Felt goods 42,036,964| 24,129,390! 74.2! 37. 2j Motor vehicle bodies and parts. 1,013,113,0101 408,016,532! 148.3 136. 6 Steel springs 59,392,1801 31,750,373 87.1 61.1 Waste-... 33,346,617| 16,791,0041 98.6 44. 2 Druggists' preparations, patent medicines and compounds, and perfumery and cosmetics ..._.. 425,102,703f 341, 472, 2G4j 24. 5! Fur goods 198,042,571! 139, — 365, 929 42.11 19.8 Hand tools 123,160,303! 70, 523, 416 74. 6| 49.6 Foundry and machine-shop 1,565,526,944 49. 3! 39.7 products Shipbuilding 400, 834, 105 -46.8 -41. 5 Suspenders, garters, and elastic 24, 297,342! woven goods ._ Corn sirup (glucose) and starch- 116, 560,034! 80, 040, 795 45.6 6.6 164, 662,187 158, 889, 173 Manufacture of ice 3.6 11.6 Motion pictures 86, 418,170 77, 397, 381 11.7 Wire 472,864,296 251, 234, 826 88. 2 Bleaching compounds 15,671,953! 13,900,353 12.7! General organic chemical compounds (not including alkaloids, coal-tar derivatives, 75, 914,191 44, 661, 100 70. OJ and synthetic plastics) Nitrogen compounds 30,682,636 19, 392, 126 58. 2j Compressed and liquefied gases 54,188,407 39, 930, 984 35.7 Brick, tile, and other refractory products 331,883,549 195, 600, 057 69. 7! 1923 1921 87.2 90.6 89.0 85.81 75.7 72.7 86.1 54.4 90.2 79. 9 97.1 51.3 45.1 72.7 86.9 87.3 44.3 90. 6 89.0 84.3 84. 95. 5! 79.7 87.8 46.3 67.2 85.3 56.9 83.8 79.5 57.7; 90.6! 1 89.31; 87. 8 63.9 67. 2 76. 0 32. ft 774i 89. 4j 75.0i 51. S> 52.0! 73. 8i_ 20 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., in various groups of industry and commerce. They consist in general of weighted combinations of series of individual relative numbers; often the individual relative numbers making up the series are also given. The function of index and relative numbers is explained on the inside front cover. A condensed form of this table is given on page 5. Maximum since Jan. 1, 1920 PER CENT INCREASE (+) OR DECREASE (— ) 1923 1924 Mini- | ! muni ii j i since ! i! October Novem>•*£• October! N^-v August September ber PRODUCTION (Relative to 1919 monthly average as 100.) RAW MATERIALS ! November from October November, 1924, from November. 1923 ' i! Grand total 179 73 157 141 122 152 179 156 -12. 8 154 212 137 121 241 130 169 133 131 145 83 105 41 0 0 17 74 i 38 57 80 152 212 127 119 194 124 120 111 91 115 136 126 206 !•: 196 111 ! 90 106 97 123 152 119 125 133 158 117 102 110 94 104 115 131 189 106 104 139 119 166 99 109 117 138 190 121 105 129 130 168 112 129 119 119 179 105 92 39 128 167 i 112 108 117 ~5. 8 - 13. 2 12 4 -69. 8 — 1. 5 -0.6 0. 0 -16. 3 1 7 + 10.6 MINERALS Total Petroleum Bituminous coal Anthracite coal Iron ore * Copper _ Lead Zinc Gold Silver > _J i : 1 l | j ! CROPS (marketings) 129 227 143 167 153 245 382 ! 135 190 ! 80 19 58 64 54 30 21 45 94 122 24 137 1 129 ! 153 | 70 1 i 138 ! 115 1 128 ! 123 46 106 145 80 48 292 90 122 108 183 94 86 89 89 92 115 141 110 83 125 86 134 73 100 115 134 112 62 133 107 146 62 138 117 136 125 + 11.6 69 + 11.3 115 i -13.5 131 + 22.4 83 -43.2 39 i -37. 1 313 + 126. 8 80 31 6 128 1 5. 9 + 1.6 + 50. 0 + 8. 5 -9. 7 + 3. 8 -18. 8 + 7.2 -11. 1 + 4.9 158 120 134 : 226 ! 201 1 138 129 227 107 163 38 43 193 231 161 260 175 88 246 242 228 357 278 120 195 166 I 141 184 i 271 1 119 -20. 7 -31.4 -38. 2 -48. 5 -2. 5 0. 8 + 23.4 + 38.3 + 5. 2 -18. 6 + 34. 8 -13. 8 i 131 119 123 131 i 119 122 99 90 90 214 185 245 106 116 ii 60 118 118 90 215 55 122 121 112 169 65 114 111 112 179 < 76 | 6 6 -8. 3 0.0 +5.9 +16.9 -4.2 6 7 + 24. 4 32 34 5 i 114 112 92 95 135 87 102 147 134 164 118 120 122 112 111 105 144 96 113 164 143 163 123 122 110 104 101 106 131 81 102 165 128 152 106 100 -9.8 —71 7. 1 +1. 0 -9. 0 15. 6 o 7 +0. 6 -10.5 -6.7 13. 8 18. 0 — 2. 7 -4. 6 6 5 6 2 3 7 -8. 0 -2 9 + 12. 2 + 3. 2 -6. 2 -6. 2 + 1, 0 148 93 160 102 156 105 -2. 5 + 2.9 + 4.7 -5.4 ii j Total _ 246 Grains* . _ _. ! 242 Vegetables* __ i 254 Fruits* _ _ _ _ i 405 Cotton products * ___ _ _. 278 Miscellaneous crops * 170 49 184 54 120 58 1 229 50 405 19 ! 232 21 121 FOREST PRODUCTS Total Lumber _ Pulpwood ._. Gum (rosin and turpentine) * Distilled wood -12. 5 -13. 1 5 4 -13. 2 -68. 3 + 7.6 + 25. 6 -4. 3 -1.8 + 12. 5 ; ANIMAL PRODUCTS (marketings) Total ... Wool * Cattle and calves Hogs Sheep Eggs* Poultry * Fish * Milk (New York) 13 8 1 186 135 140 267 151 61 59 !« 51 i 20 24 ; 139 129 130 147 145 115 121 165 143 195 125 145 68 77 54 32 57 63 69 92 69 71 70 37 123 115 i 111 ! 128 I 145 1 99 107 i 157 136 180 125 113 113 109 108 113 136 88 105 147 124 162 113 99 98 30 ! 149 1 111 MANUFACTURING Grand total .._ ___ Foodstuffs Textiles Iron and steel Lumber _ Leather . Paper and printing Chemicals, oils, etc Stone, clay, and glass Metals, excepting iron and steel Tobacco ._ Miscellaneous _ __ Electrical power 154 Building construction (total awards)*. -. 147 l 153 116 ' Fluctuations between maximum and minimum largely due to seasonal conditions, 1; 108 117 78 1 87 i 138 i 81 102 i 143 141 i 165 ! 115 109 146 90 1 ! i ! i - 21 INDEXES OF BUSINESS—Continued i Minimum since Jan. 1, 1920 PER CENT INCREASE (+) OR DECREASE (— ) 1924 1923 Maximum since Jan. 1, 1920 October NovemAugust SeptemOctober November ber ber November from October November, 1924, from November, 1923 _ STOCKS (Relative to 1919 monthly average as 100) (Corrected for seasonal variation) Total R a w foodstuffs _ _ __ Raw materials for manufacture Manufactured foodstuffs Manufactured commodities __ (Unadjusted index) Total . Raw foodstuffs Raw materials for manufacture Manufactured foodstuffs Manufactured commodities UNFILLED ORDERS (Iron, Steel, and Building Materials) Total (8 commodities; 1920 = 100) Iron and steel Building materials WHOLESALE TRADE _„_ _ _ 148 233 189 115 169 91 73 89 58 86 118 113 130 80 141 122 122 123 82 147 134 160 100 87 165 136 148 118 90 167 137 154 129 87 163 137 153 135 83 160 0.0 0.7 + 4.7 -4. 6 -1. 8 + 12.3 + 25.4 + 9. 8 + 1.' 2 + 8. 8 152 232 175 115 168 84 70 68 56 89 127 120 168 80 141 133 133 161 77 152 121 119 83 102 159 128 122 116 100 159 143 148 167 93 160 146 154 180 83 162 + 2. 1 + 4.1 + 7.8 -10.8 + 1. 2 + 10. 6 + 15. 8 + 11. 8 + 7.8 + 6. 6 116 112 153 40 37 25 54 44 91 53 43 94 46 32 107 46 34 97 43 34 81 52 40 99 + 20.9 + 17.6 + 22.2 -1.9 -7. 0 + 5.3 98 11 7 115 116 120 125 78 82 99 101 98 100 103 100 91 124 130 146 117 112 185 123 135 119 131 136 78 62 58 54 58 52 72 39 40 31 35 47 62 60 62 56 77 88 85 75 74 99 64 71 45 53 67 43 96 117 115 116 115 121 81 69 88 73 87 98 100 97 83 116 129 149 112 111 161 112 109 113 108 136 74 85 102 105 99 96 104 63 57 62 50 76 92 96 92 79 112 111 110 104 100 147 90 85 86 91 105 65 83 93 83 93 93 97 56 54 67 46 69 83 72 83 76 97 108 112 99 93 144 102 98 93 92 123 68 92 106 95 108 106 105 69 64 70 59 70 93 84 92 84 103 117 130 107 102 153 116 111 113 116 125 71 96 111 107 95 110 107 67 63 69 53 69 100 94 100 91 108 128 146 107 108 171 104 103 84 94 120 78 84 98 95 88 93 90 57 49 55 48 63 90 88 88 80 98 109 113 103 97 139 88 88 70 86 92 69 -12. 5 -11. 7 -11.2 -7. 4 -15. 5 -15.9 -14.9 -22.2 -20.3 9. 4 -8.7 10. 0 -6.4 -12.0 12. 1 -9. 3 -14.9 -22. 6 -3.7 -10.2 -18. 7 15. 4 -14. 6 -16. 7 -8.5 23 3 -11.5 141 49 134 122 74 106 141 131 -7.1 331 214 236 185 192 220 178 84 55 119 109 106 108 72 180 136 200 152 138 185 139 176 149 201 141 134 174 131 172 91 198 153 138 184 108 169 110 207 145 137 185 124 203 124 236 159 144 202 138 199 111 226 145 138 184 146 -2.0 -10.5 -4.2 -8.8 -4. 2 -8.9 i + 5.8 I 202 154 80 101 148 146 142 149 93 126 119 137 141 148 141 147 0.0 ! -0. 7 : (Relative to 1919 monthly average as 100) (Distributed by Federal Reserve Districts) i Grand total, all classes __ _ _ HARDWARE total 10 districts New York Richmond Chicago San Francisco SHOES, total 8 districts New York Richmond Chicago __ San Francisco GROCERIES, total 11 districts New York Richmond _ _ Chicago _ _ San Francisco ] DRUGS, total 7 districts New York _. Richmond Chicago San Francisco DRY GOODS, total 9 districts _ _ _ _ New York Richmond Chicago San Francisco MEATS, total 2 districts RETAIL TRADE -1. 1 3.9 -9.5 1 -11.1 -3.1 13.5 1 8. 9 | -14.0 -11.3 -0. 4 -17. 1 -2.2 -8.3 -4.3 + 1.3 -12.5 -1.8 + 2.7 1. 0 -3.0 5. 4 -2.2 + 3. 5 -18. 7 5. 5 -12. 4 + 6.2 (Relative to 1919 monthly average as 100) MAIL-ORDER HOUSES (4 houses) CHAIN STORES: Ten-cent (5 chains) Music (4 chains) __ _ _ Grocery (28 chains) Drug (10 chains) Cigar (3 chains) Candy (4 chains) Shoe (6 chains) _ _ DEPARTMENT STORES: Sales (359 stores) Stocks (314 stores) ! + 7.4 + 13. 1 25. 5 + 12.4 | + 2.8 1 + 3.0 +5.8 +11.5 -0.7 -1.3 * Maximum and minimum monthly indexes for the individual districts were selected from the series beginning January, 1921, prior monthly data not being available while for the several commodity totals the maximum and minimum monthly indexes cover the period since January, 1920. The fluctuations between maximum and miniDigitizedmum for FRASER for United States and district totals for a given line are, therefore, not comparable. 22 INDEXES OF BUSINESS—Continued 1 Maximum since Jan. 1, 1920 Mini- ! mum since Jan. 1, 1920 1923 October |N°bveerm- i August i" PRICE INDEX NUMBERS October •XT v. ' November, frnrn 1924, from October ; November, N( v m ji) e^ " j ' FARM PRICES (Relative to 1909-1914 average as 100) All groups. Grain Fruits and vegetables Meat animals Dairy and poultry Cotton and cottonseed Unclassified PER CENT INCREASE (+) OR DECREASE (— ) 1924 1 i i 235 | 283 ! 373 i 186 215 304 i 180 ___ . _ 110 88 114 91 111 76 80 132 113 123 106 141 221 94 133 ; 110 |i 114 100 151 238 j 96 ; 137 i 141 i 138 i 116 1 112 1 219 1 103 j ; + 0. 7 ! +3. 0 -2. 0 +33. 6 -0. 9 -5. 3 -5.0 +15.0 +15. 4 07 -1. 6 | -24.8 + 3. 9 I +10. 4 129 140 113 115 121 175 100 136 150 J 109 j 121 130 182 i 102 149 143 148 187 168 128 171 131 171 116 152 153 149 150 152 154 188 190 162 163 127 i 129 171 172 132 134 171 172 120 123 + 0. 7 i + 0.7 I + 1.3 i + 1. 1 + 0.6 ! + 1. 6 i + 0.6 1 + 1. 5 ! + 0. 6 ! + 2.5 i +0. 6 +2. 7 +4. 1 -5.5 -2.4 85 -5.0 +3. 1 -2. 3 +1.7 152 164 123 180 166 156 155 172 ! 176 130 124 181 182 165 166 i 0. 6 + 2.3 | -4. 6 ! + 0. 6 1 + 0.6 | +0. 6 -1.7 +7. 8 -7. 1 +0.6 149 152 129 + 0.7 i + 1.6 ! +0.7 -5. 1 137 147 108 l! 115 150 i 179 i 106 ! WHOLESALE PRICES Department of Labor Indexes (Relative to 1913) All commodities Farm products Food, etc Cloths and clothing _ Fuel and lighting.. . . Metals and metal products Building material Chemicals House-furnishing goods Miscellaneous . 138 114 ! 131 171 178 109 155 121 173 114 153 i 144 148 199 172 142 182 ! 129 I 183 120 146 .! 148 ; j 201 , 167 141 181 130 176 1 1 118 ij 249 311 _ _ 218 375 > 272 135 122 103 152 168 155 172 122 197 171 154 179 115 196 165 247 244 249 138 118 146 153 139 159 152 :| 138 • i 159 i 267 246 272 142 102 125 163 150 182 1G3 J 147 196 248 243 . _. i 248 i 346 . 281 I 203 - .1 300 213 _._ . ' 275 208 150 145 ! 144 i 190 170 ! 130 !! 169 127 171 i 115 Federal Reserve Board Regrouping of Department of Labor Indexes (Relative to 1913) Total raw products Agricultural products Animal products Forest products Mineral products « _ _ All commodities _ _ Producers' goods Consumers' goods 1 i| I I i 154 !l 195 123 175 166 ! 150 ' 130 131 156 : 158 161 153 131 ; 163 ,; +1. 2 ; +2. 5 Federal Reserve Board Indexes (Relative to 1913) All commodities Gootls imported _ Goods exported ! .__ 158 ! 139 ! 177 i 156 143 163 159 160 146 ! 150 :i 167 [ 169 i Commercial Indexes (Relative to 1913) Dun's (1st of following month) Bradstreet's (1st of following month) RETAIL PRICES COST OF LIVING National Industrial Conference Board Indexes (Relative to July, 1914) 134 158 115 | 143 : j 158 :i 146 156 139 158 141 160 1 164 1! 145 | 147 |! +2. 5 i +1.4 | +3. 8 +0.7 151 144 147 149 , 150 i +0.7 ; -0.7 i ' I • FOOD (Dept. of Labor—relative to 1913) All items weighted Food Shelter Clothing Fuel and light Sundries....- 218 227 + 0. 6 —18 +2. 7 i +2. 0 +1. 2 -13. 8 __ . __ ___ . ! 219 139 150 I ; 205 i 219 \ 185 ! 288 200 ! 192 155 139 143 153 149 171 164 150 175 176 178 173 165 151 180 |: 174 176 174 163 144 186 176 166 173 164 147 185 174 166 173 165 149 185 177 167 173 ! 165 ! 150 1 184 i 173 168 175 i, o. o +0.7 -0. 5 -2. 3 + 0. 6 + 1.2 i ! i | ! i o. o -0.7 +2. 2 -0.6 -4. 5 +0.6 23 INDEXES OF BUSINESS—Continued PEE CENT INCREASE (+) OB DECREASE (— ) 1924 ' 1923 Maximum since Jan. 1, 1920 Minimum since Jan. 1, 1920 333 310 340 154 155 163 158 160 166 161 169 171 165 172 173 167 176 172 170 180 175 170 175 176 0.0 -2.8 + 0.6 + 5.6 + 3.6 + 2.9 588 537 670 366 306 283 504 152 421 404 563 153 443 416 571 151 477 442 572 152 486 436 580 153 497 442 602 162 503 449 621 162 + 1.2 + 1.6 + 3.2 0.0 + 13,5 + 7.9 +8.8 + 7.3 263 279 218 162 143 170 163 147 174 164 145 177 165 149 180 164 146 179 165 148 181 165 148 180 0.0 0.0 -0.6 +0.6 + 2.1 + 1.7 212 196 209 199 200 196 206 198 213 206 214 210 +0.5 + 1.9 +2.4 +5.5 171 146 160 | 182 173 183 162 170 162 169 163 169 163 169 0.0 0.0 -5.8 -7.7 99 107 96 100 101 98 101 99 101 92 100 102 94 99 106 95 98 101 98 102 98 100 89 101 101 96 85 95 81 79 93 87 98 84 96 81 93 84 80 87 97 84 80 93 91 100 88 95 79 95 84 82 88 97 86 81 94 92 101 89 95 85 88 85 84 88 95 86 82 93 91 101 89 95 85 97 84 85 0.0 -2. 1 0.0 + 1.2 -1. 1 -1. 1 0.0 0.0 0.0 0.0 + 10.2 — 1. 2 + 1.2 -11.1 -10.4 -9.5 -16.3 -7.9 -7. 1 -1.0 -9.2 -5.0 -4.5 -4.0 -16.8 -11.5 November October Novemfrom October NovemAugust September ber ber October November, 1924, from November, 1923 PRICE INDEX NUMBERS— Contd. FOREIGN WHOLESALE PRICES (Relative to 1913) i United Kingdom: British Board of Trade London Economist U. S. Federal Reserve Board France: General Statistical Bureau U. S. Federal Reserve Board Italy (Bachi) Sweden _ _ _ . „. Canada: Canadian Department of Labor U. S. Federal Reserve Board India (Calcutta) Japan: Bank of Japan U. S. Federal Reaerve Board _. _ *321 313 (Relative to July, 1914) Australia 2 Switzerland | 236 326 183 j 171 I EMPLOYMENT (Relative to 1923, monthly average as 100) Number employed, by industries: Total, all classes Food products Textiles Iron and steel _ Lumber Leather „ Paper and printing Chemicals Stones, clay, and glass Metals, except iron and steel Tobacco products Vehicles Miscellaneous. __ „ 1 ! _ _ _ Since January, 1921. _ „ i ! 1 i 1 i ! 1 1 January, 1920: no other figures for 1920 available. 24 DECEMBER DATA The following table gives such December data as have been received to and including January 15, 1925, except wholesale prices of individual commodities, which appear on page 27. Text matter covering December data is given on page 1. 19;54 ITEM 19 December ber, 1923 48,663 35, 173 ,075,923 532,047 845, 731 463, 789 5, 943, 128 , 319, 265 4, 623, 863 5, 140, 205 1, 627, 628 3, 512, 577 33, 961 61, 533 23, 274 40, 959 2,510 2,962 2,921 205 89, 100 3,107 228 231 95, 539 3,552 94, 265 2,863 4,032 4,817 4,445 2.49 20.66 2.68 2.54 22.32 2.75 2.78 22.80 3.02 133 142 123 10 132 10 329 397 431 387 358 73 365 22 thous. of Ibs thous. of lbs_. thous. of lbs._ 77, 631 85 266 53, 824 30, 594 27, 766 81, 274 95 422 42, 416 16, 891 13, 936 86, 384 92 970 75^ 156 29,418 18, 038 thous. of Ibs.. thous. of lbs_. 11,912 9,470 14, 685 12, 078 10, 727 9,285 November Unfilled ordersTotal . . Domestic Foreign _ number.. number.. ...... .number.. Stocks end of month Receipts at St. Louis Shipments from St. Louis Lead: Receipts at St. Louis Shipments from St. Louis 331 66 305 24 Contracts awarded, floor space (27 States) : 8,957 Business buildings thous. of sq. ft.. 3,040 Industrial buildings thous. of sq. ft;.. Residential buildings thous. of sq. ft;.. 31, 553 2,536 Educational buildings thous. of sq. ft; Other public and semipublic 2,617 buildings ._ .. thous. of sq. ft; Grand total thous. of sq. ft _ 49,002 Contracts awarded, value (27 States): B usiness build ings thous . of dolls . 50, 930 Industrial buildings thous. of dolls.. 27, 810 178, 432 Residential buildings thous. of dolls Educational buildings thous. of dolls 16, 483 Other public and semipublic 7,206 4,102 29,728 2,485 7,426 4,591 30, 501 3,464 3,218 46,800 1,863 47, 845 33, 773 24, 933 152, 219 21, 695 38, 922 23, 124 136, 561 25, 468 19 198 27 023 283, 091 13 077 267^ 916 M ft. b. m M ft. b. m__ 9,185 38, 529 21, 007 38,984 28, 207 33, 265 thousands _ thousands.. 2,314 5,957 5,831 4,736 6,928 5,736 thous. of dolls.. 341, 344 __ CEMENT Production Shipments Stocks ._ _. . __ thous. of bbls thous. of bbls thous. of bbls.. 13, 141 10,289 8,928 10, 435 5,506 13,857 thous. of bush _ thous. of bush thous. of bush... 60, 503 15,223 18, 620 36,293 28,953 19, 738 FOODSTUFFS Grain movement: ReceiptsWheat Corn Oats _ .. thous. of bush thous. of bush 50, 151 7,126 32, 566 10, 407 16, 515 18, 521 thous. of bush thous of bush thous. of bush 105, 533 8 072 67, 265 99, 331 17 360 72, 128 84, 030 9,683 19, 940 . thous. of bush thous. of bush thous. of bush 4,810 10, 800 1,800 3,710 8,000 2,200 4,070 2,000 . thous. of bbls thous. of pockets thous. of pockets 1,905 1,301 2, 265 973 934 2,347 2,011 long tons long tons 288, 073 34, 972 156, 512 36, 922 199, 642 57, 929 long tons long tons long tons.. 43, 574 148, 986 41,460 92 726 64, 111 40, 569 25 876 3,714 22, 162 index number.. index number index number.. 157 148 220 966 820 Wholesale prices: Drugs and Pharmaceuticals Essential oils Crude drugs 222 231 155 153 149 144 32.2 28.1 29.9 27 8 26.8 25 1 4,094 4,350 4,141 777 279 96 2,544 932 320 51 2,630 857 299 54 2,528 39, 541 22, 488 17, 053 33, 294 19, 371 8,252 3,427 2,244 46, 316 26, 171 20, 145 61, 205 35, 021 14 592 7,302 4,290 35,861 20,797 15, 064 55, 237 32, 630 13, 070 5,962 3,579 thous. of dolls.. 296, 350 thous. of dolls 493, 597 334, 000 443, 000 288,305 426, 666 205 TRANSPORTATION Index of ocean rates, Atlantic ports to: United Kingdom weighted index number.. All Europe . . weighted index number Car loadings (monthly totals): Total thous. of cars.. Grain and grain products thous. of cars.. Livestock thous. of cars.. Coal and coke thous. of cars.. Forest products thous. of cars.. Ore thous. of cars.. Merchandise and miscellaneous.. thous. of cars.. 232 166 237 180 228 176 DISTRIBUTION BUILDING AND CONSTRUCTION Grand total.. Northern pine: LumberProduction Shipments LathProduction Shipments Grain movement— Continued. ShipmentsWheat . Corn ... Visible supplyWheat Corn Oats . Argentine grain: Visible supply— Wheat. Corn .... Flaxseed Rice: Receipts at mills Shipments from mills Stocks, domestic Sugar, raw: Meltings Stocks at refineries Sugar, Cuban movement: Receipts, Cuban ports Exports .. .. . Stocks, end of month CHEMICALS AND DRUGS NONFERROUS METALS Zinc: .Retorts in operation, end of month ...number.. December FOODSTUFFS— continued IRON AND STEEL Pig iron, production __ thous. of long tons. _ Furnaces in blast: Furnace. . _ number.. Capacity long tons per dav Steel ingots, production . thous. of long ton's.. Unfilled orders, U. S. Steel Corp., end of month . thous. of long tons.. Wholesale price: Composite finished steel ..dolls, per 100 lbs__ Composite pig iron dolls, per ton.. Composite steel dolls, per 100 lbs,_ Locomotives: ShipmentsTotal number... Domestic number.. ber, 1923 November •Vs TEXTILES Cotton: 17, 549 Imports, unmanufactured bales Exports, unmanufactured (including linters) bales 1, 306, 550 Consumption by textife mills . _bales__ 492, 233 Stocks, end of month— Total,mills and warehouses thous. of bales.. 5, 960, 831 Mills thous. of bales 1, 046, 612 Warehouses thous. of bales,. 4, 914, 219 Silk: Consumption bales. _ 32, 939 Stocks ... bales.. 55, 516 * ITEM Mail-order houses, total sales Sears, Roebuck & Co Montgomery Ward & Co Ten-cent stores, total sales F. W. Woolworth Co S. S. Kresge Co S. H. Kress Co.. McCrory Stores Corp U. S. foreign trade: Imports Exports thous. of dolls.. thous. of dolls thous. of dolls.. thous. of dolls.. thous. of dolls tbous. of dolls thous. of dolls.. thous. of dolls PUBLIC FINANCE U. S. interest-bearing debt Gross debt Customs receipts mills, of dolls.. mills, of dolls.. thous. of dolls.. 20, 951 21, 213 40,011 20, 712 20, 978 40, 129 21, 643 21, 916 40, 946 Total expenditures chargeable against ordinary receipts thous. of dolls.. 233, 758 349, 875 400, 939 mills, of dolls.. 22, 433 25,626 is *y^A. 19, 495 mills, of dolls.. mills, of dolls mills of dolls mills, of dolls.. mills, of dolls.. percent . 866 222 935 314 1 845 3,134 2,203 77.4 1 862 3,047 2,311 73.0 2 340 3,138 1,938 73.3 mills, of dolls.. mills, of dolls.. mills of dolls 12,870 5,617 13 065 13,068 5,531 13 254 11, 934 4,555 11 034 per cent.. 2.60 3.38 4.94 BANKING AND FINANCE Bank clearings: New York City Ont<3ir?A M"ow Vnrlr fittr Federal reserve banks: Total investments 9,997 1 Bills discounted . 6,408 Notes in circulation 10,900 Total reserves Total deposits ! Reserve ratio ! Member banks: i Total loans and discounts Total investments 28,404 Net demand deposits 36, 658 1 Interest rates' 20, 134 New York call loans.. millo nf rinlla 17 Qft9 441 857 25 DECEMBER DATA—Continued 19 24 1924 ITEM November December ber, 1923 31, 124 10, 252 15, 782 5,090 45, 279 15, 753 27, 141 2,385 51,615 19, 275 28,092 4,248 1, 653 2,040 1,841 1,193 1,464 1,254 76.06 86.43 75.03 70.45 74.06 41, 369 75.77 85.45 74.65 70.56 73.94 42, 876 71.04 82.73 67.31 64.63 71.99 24, 067 124. 11 76.00 134. 29 79.15 108, 88 58.25 .693 33, 775 .681 32, 620 .647 33, 375 111.9 131.3 113.4 127.3 135.6 120.4 102.0 115.7 139.5 147.0 137. 7 121.5 134.5 129.3 133.5 134.8 117.3 130. 6 _ 113.3 125.8 114. 8 115.0 113.2 134.4 153.3 124.8 157.1 134.3 109.0 113. 8 122.8 146.7 108.5 ... 112.0 110.2 131.6 137.9 138.0 136.3 151.8 178.5 123.1 120.0 151.0 162.8 100.9 75.5 120. 5 89.2 105. 1 86.6 140.3 115.7 122.0 125.7 94.3 160.8 115.0 133. 1 114.1 156.9 129.7 141.0 118.8 81.1 148.2 107.6 120. 5 110.0 169.8 132.8 148.0 94.0 89.5 84.3 110.3 66.9 110.8 104.6 109.4 127.3 85.0 112.0 99.0 115.4 135.3 94.6 BUSINESS FAILURES Liabilities: Total commercial thous. of dolls Manufacturing establishments, .thous. of dolls.. Trade establishments thous. of dolls. _ Agents and brokers.. thous. of dolls Firms: Total coinmerciaL _ number. Manufacturing establishments number Trade establishments... number Agents and brokers number 361 99 475 101 495 92 GOLD AND SILVER Silver: Price at New York. _. . dolls, perfineoz Price at London pence per standard oz._ DEBITS TO INDIVIDUAL ACCOUNTS (By Federal reserve districts) (Relative to 1919 monthly average== 100) UNITED STATES, 141 clearing-house centers. _ BOSTON DISTRICT: Total, 11 centers.. Boston Hartford Providence New Haven . NEW YORK DISTRICT: Total, 7 centers Albany Buffalo.. Rochester. New York PHILADELPHIA DISTRICT: Total, 10 centers Philadelphia Scranton Trenton CLEVELAND DISTRICT: Total, 13 centers Akron Cleveland Pittsburgh Youngstown Toledo Columbus Dayton... RICHMOND DISTRICT: Total 7 centers Baltimore Norfolk Richmond Charleston _. November Decem- ber, 1923 ber DEBITS TO INDIVIDUAL ACCOUNTS— Continued STOCKS AND BONDS Bond price indexes: Combined index, 40 bonds p. ct. of par, 4% bond 10 highest grade rails p. ct. of par, 4% bond . 10 second grade rails p. ct. of par, 4% bond 10 public utility bonds . p. ct. of par, 4% bond 10 industrial bonds .p. ct. of par, 4% bond Stock sales ..shares Stock prices: 25 industrials dolls, per share.. 25 railroads dolls, per share ITEM (By Federal reserve districts) ATLANTA DISTRICT: Total, 15 centers Atlanta „ . Birmingham New Orleans Jacksonville.. _ Nashville Augusta . . CHICAGO DISTRICT: Total, 21 centers Chicago Detroit Indianapolis Milwaukee.. Des Moines Grand Rapids Sioux City ST. Louis DISTRICT: Total, 5 centers. _ ._ Louisville St. Louis . Memphis Little Rock MINNEAPOLIS DISTRICT: Total, 9 centers Duluth Minneapolis St. Paul Helena Billings KANSAS CITY DISTRICT: Total, 14 centers Denver Kansas City, Mo Omaha St. Joseph, Mo Oklahoma City _ Tulsa DALLAS DISTRICT: Total, 11 centers Dallas . .. Houston -_ _ Fort Worth SAN FRANCISCO DISTRICT: Total, 18 centers Los Angeles Portland, Oreg San Francisco Seattle Oakland, Calif DISTRICT TOTALS CORRECTED FOR SEASONAL VARIATION: United States, total Boston district New York district Philadelphia district Cleveland district Richmond district ._ Atlanta district _ _ Chicago district. _. St. Louis district Minnespolis district ._ Kansas Citv district _ __ ... Dallas district-San Francisco district.. 104.9 114.5 218.2 100.9 125.0 77.4 83.7 124.4 135.9 240.5 126. 1 151.5 85.1 92.1 121.3 120.3 200.0 136.5 135.4 82 8 97.3 106.1 104 2 124.2 103 1 104.4 83.8 81 9 104.8 125.6 125.4 139.8 115.9 130.0 91.7 111.3 131.6 115.2 112 6 132.8 119 9 117.7 89.2 94 6 125 4 112.1 102 0 104.7 123.0 236 7 130. 5 115.5 123.2 141.5 248.3 123.8 107 0 118.5 139.7 205 6 135.2 231.7 131. 9 97.8 93.8 97 0 128.9 142.6 132.3 121.5 95.3 94 4 100.3 77.8 99.7 113.6 90.9 88 9 86.3 109.9 86. 1 65 3 68.4 125.7 83 1 96.6 123.2 92.8 72 4 82.8 145.0 103 1 88.0 111.6 85.5 70 1 69.4 108.9 94 7 112 6 129. 3 105.8 88.4 127 6 154.5 113.6 92.8 119 2 141.0 102.2 93.5 123.6 225.5 86.5 104.1 83. 1 176.6 138.0 255.2 90.3 116.5 90 7 202.3 139.0 251.6 93.9 110.0 91.3 220.6 109.7 120.7 110.6 113. 5 103.5 90.2 98.7 107.8 110 0 125.5 86.6 101.8 119.0 116.4 123.2 118.3 122.1 109.4 96.3 108.3 115.7 116 1 116.1 93.2 107.8 120.8 100.5 114.2 96.0 108.9 103.4 97.3 105.6 106.1 110 1 90.4 84.9 100.7 121.7 26 COMPARISON OF NOVEMBER WHOLESALE PRICES WITH PEAK AND PRE-WAR (Relative prices 1913=100) INDEX NUMBERS 200 300 400 700 F A R M PRODUCTS A V E R A G E PRICE TO PRODUCER WHEAT CORN POTATOES COTTON COTTON SEED CATTLE, BEEF HOGS LAMBS F A R M PRODUCTS. M A R K E T WHEAT. SPRING Y////S////////////SA PRICE WHEAT, W I N T E R CORN, NO.2 OATS BARLEY RYE, NO.2 TOBACCO. BURLEY COTTON WOOL '•£ G R E A S E (BOSTON) CATTLE, STEERS HOGS. HEAVY SHEEP, EWES SHEEP. LAMBS FLOUR. SPRING FLOUR. W I N T E R SUGAR, RAW SUGAR, GRANULATED COTTONSEED OIL BEEF. CARCASS BEEF. STEER ROUNDS HAMS. SMOKED (CHICAGO) COTTON YARN COTTON. PRINT CLOTH COTTON. SHEETING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK. RAW HIDES, PACKER'S HIDES, CALFSKINS LEATHER. CHROME (BOSTON) LEATHER. SOLE. OAK BOOTS AND SHOES (BOSTON) BOOTS AND SHOES (ST. LOUIS) COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG 5RON. FOUNDRY PIG IRON, BASIC STEEL BILLETS, BESSEMER COPPER miv////A PEAK PRICE LEAD PRICE IN TIN ZINC //////////////////Z/Z//////S//////A BUILDING MATERIALS LUMBER. P5NE, SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON (NEW YORK) CEMENT STEEL BEAMS MISCELLANEOUS RUBBER. CRUDE SULPHURIC ACID NOVEMBER 27 WHOLESALE PRICE COMPARISONS-MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics. 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 26. Because of their availability at the time of going to press, January 15, the December price data have here been included, thus bringing this table up to date. It should be noted that the chart on page 26 shows November prices only. ACTUAL PRICE (dollars) Unit COMMODITIES November, 1924 RELATIVE PRICE PER CENT INC, (+) OR DEC. (-) (1913 average=100) DecemNovem- Decem- Novem- Decem- ber from ber, ber, ber, ber, Novem1923 1923 1924 1924 ber December, 1924 December, 1924, from December, 1923 FARM PRODUCTS— AVERAGE PRICE TO PRODUCERS Wheat Corn Potatoes Cotton Cottonseed Cattle, beef Hogs Lambs . _ _ .. _ _ - - Bushel . -_- Bushel Bushel Pound Ton Pound Pound Pound $1. 336 .996 .640 .226 33.57 .0543 .0862 1.055 $1. 411 1.056 .641 .240 35.48 .0535 .0839 1.096 120 136 139 240 211 89 89 166 119 117 137 268 209 i 89 85 166 169 161 107 188 154 92 115 173 178 171 107 200 163 91 112 180 + 5.3 + 6.2 0.0 + 6.4 + 5.8 - 1.1 - 2.6 + 4.0 Bushel Bushel Bushel Bushel " Bushel— ... Bushel Cwt Pound .Pound Cwt _- _ Cwt Cwt Cwt 1.529 1.574 1.130 .524 .864 1.312 24.50 .243 .61 9.156 9. 581 6. 331 13 3*4 1. 687 1.769 1. 233 .598 .935 1.404 24.50 .238 .70 9.350 9.960 7. 575 15.975 120 108 135 118 105 111 212 274 1.92 116 85 121 158 122 110 117 120 110 110 212 280 204 115 84 137 160 168 160 181 140 138 206 186 190 244 108 115 135 171 185 179 197 159 150 221 186 186 280 112 ! 119 162 i 205 +10.1 +11.9 + 8.8 +13.6 + 8.7 + 7.3 0.0 - 2.1 +14. 8 +3.7 + 3.5 +20. 0 +19, 9 +51. 6 +62.7 +68.4 +32.5 +25.5 +100. 9 -12.3 -33. 6 +37.3 - 2.6 +41. 7 +18.2 +28.1 B arrel Barrel Pound Pound Pound _ _ _ _ _ Pound.-— _ Pound Pound 8,163 6.870 .058 .073 .110 .183 .129 .205 8.895 7.788 ,053 .072 .114 ' ! ,125 .207 132 136 208 203 162 135 104 126 133 133 209 207 151 132 103 123 178 179 166 170 151 141 98 123 194 202 i 151 169 158 141 96 125 + 9.0 +12.8 - 9.0 -0.4 + 4.6 0.0 - 2.0 + 1.6 +45.9 +51.9 -23.0 -18.4 + 4.6 + 6.8 - 6.8 + 1.6 Pound Yard...... _ Yard. _ Pound Yard Yard Pound Pound Pound Square foot Pound Pair Pair .446 .067 .106 1.850 1. 035 3. 690 6.174 .174 .203 .460 .465 6.25 5.00 .446 .068 .108 1. 950 1.035 i 3.690 6.321 .174 .209 .480 .480 6.25 5.00 218 229 208 212 184 239 215 77 79 163 101 201 153 228 236 217 212 184 239 213 74 80 163 95 201 153 180 195 173 238 184 239 170 95 107 171 104 201 158 180 196 176 251 184 239 174 95 111 178 107 201 158 0.0 + 0.5 + 1.7 + 5.5 0.0 0.0 + 2.4 0.0 + 3.7 + 4.1 + 2.9 0.0 0.0 -21.1 -16.9 -18.9 +18.3 0.0 0.0 -18.3 +28.4 +38.8 + 9.2 +12. 6 0.0 + 3.3 Short t o n _ _ Long ton___ Short ton. __ Barrel 3.39 11.47 3.23 1. 212 3.39 11.73 4.04 1.195 177 216 167 112 154 216 164 109 154 216 132 130 154 221 165 128 0.0 + 2.3 +25. 0 - 1.5 0.0 + 2.3 + 0.6 +17.4 Long ton... Long ton___ Long ton__. Pound Pound. Pound _ Pound 21. 26 19.13 35.50 .136 .090 .542 .071 22.96 20.90 36.00 .142 .096 .565 .078 148 142 155 81 157 99 115 148 142 155 82 173 105 113 133 130 138 87 203 121 122 143 142 140 91 217 126 133 + + + + + + + 7.5 9.2 1.4 4.6 6.9 4.1 9.0 - 3.4 0.0 97 +1L 0 +25. 4 +20.0 +17.7 M feet M feet. Thousand- 42.48 16.50 13. 50 44.42 16.50 13.50 184 201 274 183 190 290 184 179 206 193 179 206 + 4.9 0.0 0.0 + 5.5 - 5.8 -29.0 166 166 25 75 163 166 25 75 173 126 35 70 166 131 39 70 - 4.0 + 4.0 +11.4 0.0 + 1.8 -21.1 +56.0 - 6.7 ... _ +49.6 +46.2 -21.9 -25.4 -22.0 + 2.2 +31.8 + 8.4 FARM PRODUCTS-MARKET PRICE Wheat No 1, northern, spring (Chicago) Wheat No 2, red, winter (Chicago) Corn contract grades No 2, cash (Chicago) Oats contract grades, cash (Chicago) Barley, fair to good, malting (Chicago) Rye No 2 cash (Chicago) Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) _ Wool, 1A blood combing, Ohio and Pennsylvania fleeces (Boston) Cattle, steers, good to choice, corn fed (Chicago) Hogs heavy (Chicago) Sheep ewes (Chicago) Sheep lambs (Chicago) i i ! | FOOD Flour standard patents (Minneapolis) Flour winter straights (Kansas City) Sugar 96° centrifugal (New York) Sugar °Tfinulated 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) ' ' .183 ; CLOTHING Cotton yarns, carded, white, northern, mulespun, 22-1 cones (Boston) .Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) Cotton, sheeting, brown 4/4 Ware Shoals L. L. (New York) Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, storm serge, all-wool, dbl. warp, 50 in (N. Y.) __ 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 i>lack calf, blucher (Massachusetts) Boots and shoes, men's dress welt'tan calf (St. Louis) FUEL Coal, bituminous, mine run lump, Kanawha (Cincinnati) ' Coal anthracite, chestnut (New York tidewater) Coke, Connelsville (range of prompt and future) furnace — at ovens Petroleum, crude, Kansas- Oklahoma— at wells METALS > • i ' Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, basic, valley furnace Steel billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York). Lead pig delivered, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, slab, western, early delivery (New York) _ i BUILDING MATERIAL AND MISCELLANEOUS i1 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) i Cement, Portland, net without bagslto trade, f. o .b., plant (Chicago district) ... Steel beams, mill (Pittsburgh) Rubber, Para Island, fine (New York) . _ __ Sulphuric acid, 66° (New York) Barrel Cwt Pound Cwt 1.75 1.90 .286 .70 1.68 2.00 .315 .70 28 MANUFACTURING PRODUCTION INDEX—ADJUSTED FOR SEASONAL VARIATIONS of a year, but the variation in this respect as between different industries and different sections of the country is so great that it seemed best to use the standard of one of the principal industries. With the deduction of Sundays and holidays the number of working days in the year is usually 311, or almost exactly 26 per month. In a month of 26 working days, therefore, no adjustment of the original figures is necessary, while for a month of 25 working days, one-twent}^-fifth, or 4 per cent, should be added to the original index figure to place it on an equality with the 26-day month. Similarly, for a 27-day month 4 per cent is taken from the original index, and for a 24-day month, occurring only in February, 8 per cent is added. The irregular ups and downs in the manufacturing production index sometimes tend to obscure the general trend of industry. These irregularities are due largely to seasonal conditions and various devices are employed to eliminate them. For the manufacturing production index as a whole these irregularities appear to be due almost entirely to the difference in number of working days, as the seasonal influences in the individual industries are neutralized in the total. We have, therefore, made adjustments in this index for the length of working time in each month on the basis reported for the steel industry, which deducts Sundays and holidays (July 4 and December 25) from the total number of days in each month. It is realized that some industries have more holidays in the course INDEX OF MANUFACTURING PRODUCTION WITH ADJUSTMENT FOR VARYING NUMBER OF DAYS IN MONTH ADJUSTED INDEX UNADJUSTED INDEX MANUFACTURING PRODUCTION INDEX: 1920-1924 (Comparison of original and corrected data, with percentage applied to reduce to comparable working-day basis.) 1920 1922 1921 1923 1924 Manufacturing index WorkWorkWorkWorkWork! Per Per Per ing Per ing ing ing Per ing days Origi- Cor- cent days Origi- Cor- cent days Origi- Cor- cent days Origi- Cor- cent days Origi- Cor- cent nal rected correcnal rected correcnal rected correcnal rected correcnal rected correction tion tion. tion tion Manufacturing index MONTH January February March April 27 24 27 26 107 100 113 104 103 108 108 104 May June July August . 26 26 26 26 104 106 99 101 26 26 26 26 96 92 82 72 _. September October November December Manufacturing index Manufacturing index Manufacturing index 26 24 27 26 71 68 79 78 71 73 76 78 4-8 —4 26 24 27 25 81 79 94 92 81 85 90 96 +8 _4 +4 104 106 99 101 26 26 25 27 82 82 76 83 82 82 79 80 +4 27 26 25 27 106 113 104 111 102 113 108 107 +4 ~4 96 92 82 72 26 26 26 26 81 85 85 75 81 85 85 75 26 26 26 25 103 113 112 106 103 113 112 110 __4 i +8 116 109 129 125 m 118 25 27 135 126 114 121 130 126 119 116 25 27 26 25 113 123 113 105 118 118 113 109 27 24 27 ; 25 -4 ; 1! : +4 ! 27 26 124 130 -4 +8 3 —4 1 +4 +4 -4 +4 ! 27 25 26 26 118 117 124 118 113 122 124 118 3 27 25 26 26 112 100 97 108 108 101 97 105 4 +4 26 27 25 26 114 122 110 114 117 114 -4 +4 29 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. The numerical data for the latest months are given and in addition relative numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered to make clear such distinctions and in general to facilitate the use of the table: October, 1924.—This column gives the October figures corresponding to those for November shown in the next column—in other words, cover the previous month. November 1924-—In this column are given the figures covering the month of November or, as in the case of stocks, etc., the situation on November 30 or December 1. Corresponding month, October, 192S, or November, 1923.—The figures in this column present the situation exactly a year previous to those in the "November, 1924," column (that is, generally November, 1923), but where no figures are available for November, 1924, the October, 1923, figures have been inserted in this column for comparison with the October, 1924, figures. Cumulative total from January 1 through latest month.—These columns set forth, for those items that properly can be cumulated, the cumulative totals for the eleven months ending November, 1923 and 1924, respectively, except where the November, 1924, figures are lacking, in which case the cumulative totals for the first ten months of 1923 and 1924 are given. Percentage increase (-{•) or decrease (—) cumulative, 1924 from 1923.—This column shows the per cent by which the cumulated total for the eleven months ending November, 1924, is greater (+) or less (—) than the total for the corresponding period ended November, 1923. Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to such a year by relative numbers. The period taken for each item, called the base, is the monthly average of the year or period stated in this column. Wherever possible, the year 1913 is taken as a base, and if no pre-war figures are available, 1919 is usually taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921, and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Relative numbers.—In order to visualize the trend of each movement, relative numbers (see explanation on inside front cover) are given for the last four months and for two corresponding months of a year ago. These relative numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the relative number will be greater than 100. If the converse is true the relative number will be less than 100. The difference between 100 and any relative number gives at once the per cent increase or decrease compared with the base period. Relative numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (+) or decrease (—) November from, October, and November, 1924, from November, 1923.—The last two columns show the per cent increase or decrease of the figure for the last month compared with the preceding month and the corresponding month last year. NOTE. — Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue NUMERICAL DATA RELATIVE NUMBERS Per ct. increase i or (+)de1924 In many cases December figures are now available and may be found in the special table on page 24 October November crease (-) cumulative 1924 from 1923 CUMULATIVE TOTAL CorrePROM JANUARY 1 sponding THROUGH LATEST month, MONTH October or November, 1923 1924 1923 [ BASE YEAR [ 1 1923 OR 1924 PERIOD 3 o O 1 <! > "ft CD CO o O 1 Per cent increase (+) or decrease (— ) November, November 1924, from from October November, 1923 TEXTILES Wool Receipts at Boston: Domestic thous of Ibs Foreign thous of Ibs Total thous of Ibs Imported unmanufactured thous. of lbs_. Consumption by textile mills, grease equivalent thous. of lbs._ Machinery activity hourly: Looms, wide per ct. of hours active.. Looms, narrow per ct of hours active. . Looms, carpet and rug.-. .per ct. of hours active. . Sets of cards per ct. of hours active.. Combs per ct of hours active Spinning spindlesWoolen per ct. of hours active-Worsted per ct. of hours activeMachinery activity (percentage of total) : Woolen spindles per ct. of active to total. . Worsted spindles per ct. of active to total. . Wide looms per ct. of active to total- . Narrow looms per ct. of active to total. _ Carpet looms per ct. of active to total-Prices: Raw, Ohio, }/± blood, unwashed dolls, per lb_. Raw, territory fine, scoured dolls, per lb._ Worsted yarn dolls, per lb__ Wool, dress goods.. .dolls, per yd_. Men's suitings dolls, per yd._ 11, 050 4, 576 15, 626 16, 638 12, 299 10, 561 22, 860 16,501 ! 8, 202 3, 474 11,676 9, 815 129,621 267, 014 396, 635 382, 454 183,611 98, 944 282, 555 236, 061 +41.7 -62.9 -28.8 -38.3 1913 1913 1913 1913 32 60 40 76 61 66 62 78 242 89 199 68 110 78 101 96 82 87 83 132 91 +11.3 +50.0 200 + 130.8 +204. 0 122 +46.3 +95. 8 -0.8 +68.1 130 54, 854 48,380 50, 279 596, 155 486, G62 -18.4 1921 117 114 91 103 124 110 73.9 65. 1 76.8 71.6 77.0 74. 1 1921 1921 111 116 112 116 85 85 96 92 107 102 112 112 +4.7 +9.8 0.0 -3.4 71.6 91.8 98.1 77.8 92.1 95.8 ! 84 5 1921 1921 1921 164 130 97 165 130 96 111 102 77 127 122 97 140 128 110 152 129 108 +8.6 +0.8 -1.8 -7.9 -0.8 + 12.5 90.8 78.7 89.5 76.1 88. 7 83.0 i ' 1921 1921 122 106 123 101 100 62 120 82 126 96 124 93 -1.6 -3.1 +0.8 79 83 83 82 ' 1913 109 106 95 103 108 108 0.0 + 1.9 75 72 76 77 77 76 : 78 • 79 82 77 80 86 1 1913 1913 1913 1913 114 104 111 127 111 104 110 126 78 81 101 100 91 88 101 109 101 97 104 113 104 103 107 116 +3.0 +6.2 +2.9 +2.7 -6.3 -1.0 .57 .61 ; , 48 1.61 1.850 ! 1.035 3.690 1.30 1. 650 1. 035 3. 690 1.48 1.750 1.035 3.690 ! ' <33 3 85.4 I !' i -11.8 -3.8 o 7 7 n , 1913 188 192 192 212 228 244 +7.0 +27.1 1913 1913 ! 1913 1913 228 212 184 239 228 212 184 239 239 206 184 233 253 212 184 233 260 225 184 239 282 238 184 239 +8.8 +5.7 0.0 0.0 +23.8 +12.1 0.0 0.0 i 30 TREND OF BUSINESS MOVEMENTS—Continued NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. In many cases December figures are now available and may be found in the special table on page 24 NUM ERICAL DATA Per ct. increase (+) or deCUMULATIVE TOTAL BASE crease OorreFROM JANUARY i YEAR (-) 1924 spending THROUGH LATEST cumuOR month, MONTH lative PERIOD October 1924 or No-, from 1923 | vember, October Novem1923 1923 1924 ber i i Per cent increase (+) or decrease (— ) RELATIVE NUIdBERS 19 24 1923 ts i '_2__5_l November from October §" <1 o> 02 "a "o O 78 98 96 98 ; 101 1 1913 ! 197 1913 j 37 177 I 82 ' 33 20 153 48 233 i 230 89 ; 86 1913 1913 107 117 106 114 1 38 77 101 94 1913 1913 1913 149 81 202 169 106 218 ! 44 41 47 o £ TEXTILES-Continued Cotton i Production, crop estimate thous. of bales.. Ginnings (crop year to Dec. 1) thous. of bales. . Receipts into sight thous. of bales Imports, unmanufactured . bales Exports, unmanufactured (including linters) bales Consumption by textile mills bales Stocks, end of month: Total, mills and w'houses.thous. of bales ._ Mills thous. of bales -Warehouses thous. of bales World visible, American ._ thous. of bales ._ World visible, total thous. of bales... Machinery activity of spindles: Active spindles thousands Total activity millions of hours Activity per spindle. hours. _ Per cent of capacity per cent. . Cotton finishing: Orders received, grey yardage— thous. of yds.. Billings, finished goods (as produced)— thous. of yds._ Shipments finished goods cases . Stocks, finished goods cases Operating activity per ct. of capacity-Manufactured goods: Cotton cloth exports thous. of sq. yds-. Fabric consumption by tire manufacturers thous. of lbs._ Elastic webbing sales... thous. of yds_. Fine cotton goods: Production... .pieces. . Sales. .. pieces. . Prices: Raw cotton to producer dolls, per lb_. Raw cotton, New York dolls, per Ib Cotton yarn ..dolls, per lb__ Print cloth. dolls, per yd.. Sheeting. dolls, per yd_. 12, 816 2,807 18, 113 113,153 12, 225 2,767 17, 549 947, 556 1, 306, 550 532, 629 492, 233 "10,140 i 9,243 i 2, 135 16,564 1913 9, 510 339,557 10,786 i + 13.4 272,359 -19.8 ! 767,289 i 4,433,434 532, 702 | 6, 057, 533 5,718,967 ! +29.0 ! 4, 980, 188 j --17. 8 i 79 u. November, 1924, from November, 1923 -1.4 -3.1 +29. 7 +32.3 +29.6 +5.9 130 ; 180 114 106 +37. 9 -7.6 +70. 3 -7.6 38 120 161 54 245 193 77 285 +20.3 +43.2 +16.3 + 14.3 -27.7 +30.4 +29.4 +21.3 +34.7 +21.4 +2,3 -6.2 -6.5 +2.5 -6.8 -11.1 -11.8 -9.4 4, 956 731 4,225 5,961 1,047 4,914 5,214 !! 1,444 3 769 i 3,358 4,267 4,346 ! 5,175 ! 3, 226 4,263 . 1913 1913 90 86 104 97 43 55 60 109 97 140 118 31, 079 7,593 201 85. 4 31,790 7,124 188 87.5 ; 34 124 8,015 213 96.6 - -. 1913 1922 1922 112 109 107 112 104 102 95 70 68 99 83 81 102 98 91 104 \ 92 90 90, 601 81,689 ; 91,829 1,017,010 828, 610 -18.5 2 1921 109 102 79 82 100 91 -9.8 — 11.0 86, 675 44, 331 40, 664 67 75,822 i 39,052 ; 41,516 ! 58 i 97,531 1,046,357 46,548 530,800 49 017 66 ' 840, 109 455, 819 -19.7 -14.1 ^ 1921 2 1921 2 1921 1921 120 110 132 111 114 104 135 102 75 80 116 72 83 88 109 83 102 99 112 103 89 87 115 89 -12.6 -11.9 +2.1 -13.6 -22.3 -16.1 -15.3 -12.7 53, 113 46,917 37,159 \ 429,638 434, 599 + 1.2 3 1913 121 100 133 117 143 127 -11.7 +26. 3 13, 205 12, 345 12,191 7,939 Ml, 259 109,950 137,757 130, 244 107, 668 + 18.5 -21.8 1921 1919 126 77 119 68 186 67 197 77 197 84 182 — 7. 7 +53. 6 385, 301 251, 728 399, 820 457,359 461,806 390,943 4,816,431 3,866,818 3, 846, 989 3, 030, 466 -20.1 -21.6 1919 1919 116 73 120 88 83 60 85 85 100 56 104 103 +3.8 +81.7 -13.4 +17.0 1913 1913 1913 1913 1913 240 235 200 217 204 258 274 218 229 208 232 229 189 202 189 185 191 175 190 179 193 192 181 192 168 188 190 180 195 173 -2.2 -0.8 -0.7 + 1.5 +2.9 -27.1 -27.1 -17.4 -15.2 -17.2 +3.6 +100.4 -8.4 -32.8 : .231 .245 .449 .066 .103 .226 .243 .446 .067 i .106 | 310 .350 .540 .079 1.28 472, 877 number ..number.. 25, 756 489,871 i 51,623 534,605 76,799 -. --. -. Clothing Men's and boys' garments, cut: Men's suits, wool Men's suits, other. Men's separate trousers, wool _ -_ Men's separate trousers, other Men's overcoats Boys' suits and separate pants Boys' overcoats and reefers Work clothing: Cut Sales Cancellations Stocks end of month number. . 441, 889 441,750 626,232 number .. 372, 321 324, 322 number 332,274 i 172,896 431,116 292,206 number number 406, 678 160, 804 408,648 56,216 420,077 75,084 dozens dozens dozens dozens 137, 875 129, 413 7,967 223, 541 137,299 111,993 i 1,238 | 218, 160 \ 160,571 ! 159,612 4,435 L. 208,667 ! 6,347 32, 939 55, 516 6.174 6,028 25,225 i 35 398 • 7 840 ^ 56,935 335,143 30, 409 27, 109 j 51,251 34,199 551,391 286,111 I i | | j j ! j j .. 1""" I 0.0 -29.5 -10.8 -46.7 -22.9 -40.8 +0.5 -65.0 -2.7 -25.1 -0.4 -13.5 -84.5 -2.4 -14.5 -29.8 -72.1 +4.5 Raw Silk Imports Deliveries (consumption) Stocks end of month Price, Japanese, New York 5,615 thous. of lbs_. bales . . 35, 508 44, 398 bales fc 733 dolls, per lb_. - 52, 484 i 331, 976 i -7.8 -0.9 1913 < 1920 1920 1913 184 145 64 215 212 141 69 215 175 166 59 167 228 204 82 149 197 199 87 158 223 185 108 170 +13.0 -7.2 +25.0 +7.7 +5.3 +30.6 +56.8 -21.8 531, 980 ! 267, 736 -3.5 -6.4 1909-13 1909-13 137 67 151 120 125 78 165 65 120 57 90 95 -25.6 +66.5 -40.7 -20.7 - Buriap and Fiber Imports: Burlap Fiber (unmanufactured) thous. of lbs._ long tons 40, 846 16, 286 Pyroxylin Coated Textiles 2,503 1,889 2,460 Pyroxylin spread thous. of Ibs.. Shipments billed: Light goods linear yds.. 728, 054 790, 707 ! 554,227 916, 099 745,219 1,319 041 Heavy goods linear yds Unfilled orders, end of month: 525,330 Light goods linear yds._ 505, 411 567,591 Heavy goods linear yds_. 784, 882 734,242 1,526,399 •1 Revised. Final crop estimate made as of the first of December. 1 Eleven months' average, January to November, inclusive. * Twelve months' average, July to June, inclusive, ending the year indicated. <b Relative to 11 months' average, February to December, inclusive. October. 1923. 1 -23.2 -24.5 +8.6 -18.7 +42.7 -43.7 +12.3 -6.5 +8.0 -51.9 ! 31 TREND OF BUSINESS MOVEMENTS—Continued NUMERICAL DATA NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. 1M. 19£ Corre; | spending month, October * In many cases December figures are now available and may be found in the special table on page 24 October Novem- | ™$g. CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH m, 1924 BASE YEAR OR PERIOD 1924 19 23 .___ 0 i | METALS Iron Ore and Pig Iron Iron ore: StocksTotal... thous. of tons.. At furnaces thous. of tons.. On Lake Erie docks-.-thous. of tons.. Consumption thous. of tons.. Shipments from mines— Through Sault Ste Marie thous. of short tons-. Through upper lake ports -thous. of long tonsReceipts— Lake Erie ports and furnaces ___thous. of long tonsOther ports thous. of long tons. Pigiron production thous. of long tons. Furnaces in blast: Furnaces number.. Capacity -.long tons per dayOhio gray-iron foundries: Meltings -... -.long tons_ Meltings per cent of normalStocks -long tonsReceipts long tonsWholesale prices: Foundry No. 2, Northern.. dolls, per long ton. Basic Valley furnace ..dolls, per long tonComposite pig iron dolls, per long tonMalleable castings: Production _ _ tonsShipments tons. Orders booked tonsOperating activity per ct. of capacity- Per cent increase (+) or decrease (— ) RINATIVE NUMBERS Per ct. increase (+) or decrease (-) cumulative 1924 from 1923 « 1919 j 135 8 1919 148 1913 108 8 1919 119 i 140 153 116 110 November from October November, 1924, from November, 1923 i1i * O £ 117 131 86 66 136 150 108 87 132 144 107 92 -3.3 -3.9 -0.9 +5.5 -6.2 -5.7 -8.1 -16.9 •"q i 02 128 142 98 73 > 0 40, 178 32, 129 8,049 3,689 42, 836 34, 080 8, 757 4,441 57, 817 41, 449 -28.3 5,595 1,984 5,364 59, 189 42, 446 -28.3 1913 106 67 83 75 70 25 -64.5 -63.0 5,597 2,065 4,948 59, 037 42, 558 -27. 9 1913 99 60 82 75 68 25 -63.1 -58.3 4,461 1,241 2,477 1,975 2,627 2,510 3,895 1,772 2, 894 43, 593 14, 640 37, 138 31,552 12,709 28,127 -27. 6 -13.2 | -24.3 1913 1913 1913 95 134 123 60 107 113 77 92 74 76 85 80 69 75 97 31 -55.7 159 +111.7 +1.3 98 -49.3 +48.3 -13.3 182 81, 490 205 89, 100 231 94, 345 ! 1913 1913 91 118 86 112 56 75 64 86 68 97 76 106 +12.6 +9.3 -11.3 -5.6 15, 407 64.50 20, 375 12, 528 16, 209 62.80 25, 387 15, 680 20, 051 70. 29 23, 658 13, 855 1922 1922 1922 1922 176 131 110 200 165 136 106 168 126 105 112 145 121 105 101 135 126 124 91 152 133 121 114 191 +5.2 -2.4 +24.6 +25.2 -19. 2 -11.0 +7.3 +13.2 21.26 19.00 20.37 21.26 19.13 20.66 23. 65 20. 88 22. 49 1913 1913 1913 159 160 158 148 142 146 131 129 131 135 129 132 133 129 132 133 130 134 0.0 +0.7 +1.4 -10.1 -8.4 -8.1 46, 959 42, 026 52, 130 43.9 44, 940 41, 440 46,287 42.5 52, 727 49, 426 37, 231 49.1 -4.3 -1.4 -11.2 -3.2 -14.8 -16.2 +24.3 -13.4 -0.1 -0.9 41, 536 33, 417 8,119 3,498 I 231, 397 213,693 ! -7.7 181, 802 161, 527 -11.2 | Crude Steel Steel ingots, production thous. of long tons. Steel castings: Total bookings short tons. Railroad specialties -.short tons. Miscellaneous bookings short tonsUnfilled orders, U. S. Steel Corp., end of month thous. of long tons. Steel barrels: Production barrelsShipments barrelsStocks, end of month barrelsUnfilled orders, end of month barrelsSheets, blue, black, and galvanized: Production (actual) .short tons. Production per ct. of capacity. Shipments __ short tonsSales , short tonsUnfilled orders short tonsStocks— Total short tons. Unsold short tonsWholesale prices: Steel billets, Bessemer-dolls, per long ton. Iron and steel dolls, per long ton. Composite steel dolls, per 100 Ibs. Composite finished steel-dolls, per 100 Ibs. Structural steel beams...dolls, per 100 Ibs. 3,111 3,107 3,134 40, 622 33, 094 -18.5 1913 142 124 101 112 123 123 66, 697 31, 130 35, 567 74, 220 41, 343 32, 877 42, 008 13, 645 28, 363 852, 018 371, 339 480, 679 676, 676 335, 025 341, 651 -20.6 -9.8 -28.9 1913 1913 1913 79 45 109 83 57 106 72 61 82 124 125 123 132 131 133 147 174 123 3,525 4,032 4, 369 1913 79 74 56 59 60 63 4,311,819 4, 314, 940 544, 875 7, 497, 527 447, 900 391, 401 441, 851 389, 230 49, 797 47, 626 682, 533 1, 230, 808 247, 222 78.9 229, 771 221, 773 275, 953 224, 931 79.7 219, 228 462, 709 531, 845 188, 144 67.0 199, 836 165, 491 280, 013 75, 862 42, 685 76, 811 41, 573 112, 185 45, 561 35.75 38.65 2.68 2.46 2.00 35.50 39.01 2.68 2.49 | 1.90 +14.4 -7.7 —12.6 -11.9 +4.6 +80.3 2, 516, 617 2, 378, 232 -5.5 2, 581, 274 2, 213, 551 2, 282, 375 2, 349, 419 -11.6 +6.1 !| 40.00 42. 81 3.02 2. 78 2.50 +11.3 +76.7 +32.8 +203. 0 -7.6 +15.9 i ! j 1 1920 1920 1920 1920 1920 132 105 134 131 45 110 92 116 117 41 111 127 90 104 103 110 148 162 34 40 144 169 133 157 40 -9.0 +19.6 131 +0.9 +19.6 110 -4.6 +9.7 127 329 +108.6 +179. 6 77 +92.7 +89.9 1920 1920 95 1286 100 815 63 763 73 769 68 764 69 744 +1.3 -2.6 -31.5 -8.8 1913 1913 1913 1913 1913 155 167 176 167 166 155 163 176 167 166 146 150 160 152 142 141 148 158 150 136 139 147 156 148 129 138 148 156 150 126 -0.7 +0.9 0.0 +1.2 -5.0 -11.2 -8.9 -11.3 -10.4 -24.0 Iron and Steel Products Exports (selected series) long tons.. 132, 448 Exports (total) long tons.. 158, 553 Imports long tons_. 37, 119 Vessel construction: Completed during month11,414 Total gross tonsSteel seagoing gross tons.. 6,665 Building or under contract, end of mo.-— 177 Merchant vessels.thous. of gross tons.. Structural steel, fabricated: Sales (prorated) short tons.. 171, 600 Sales... per ct. of capacity.. 66 Shipments (prorated) short tons.. "200,800 •78 Shipments per ct. of capacity__ Steel furniture, shipments thous. of dolls.. 1,473 1 Twelve months' average, June, 1919, to May, 1920. • Revised. 97, 187 124, 464 30, 411 157, 391 188, 344 25,235 1, 469, 708 1, 831, 500 693, 987 1, 375, 646 1, 686, 789 412, 631 -6.4 -7.9 -40.5 1913 1922 1913 54 92 109 69 112 95 51 81 150 48 81 137 58 95 140 42 74 115 -26.6 -38.3 -21.5 -33.9 -18.1 +20.5 12, 650 8,651 6,576 923 250, 322 98, 245 194, 919 119, 159 -22.1 +21.3 1916 1916 40 32 14 3 9 1 56 46 25 25 27 32 +10.8 +92.4 +29.8 +837. 3 1, 788, 800 1, 960, 400 +9.6 184 162 221, 000 85 166, 400 64 1,410 140, 400 54 184, 600 71 1,339 1 15, 378 | 15,769 !i +2.5 1916 13 13 13 14 14 15 1913 1913 133 98 147 108 163 120 182 134 180 132 231 170 1919 150 148 130 142 162 155 +4.0 +13.6 +28.8 +57.4 +28.8 +57.4 -17.9 -9.9 -17.9 -9.9 -4.3 +5.3 32 TREND OF BUSINESS MOVEMENTS—Continued NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. Irfjnany cases December figures are now available and may be found in the special table on page 24 NUMERICAL DATA ! Per ct. increase 1 (+) or deBASE CUMULATIVE TOTAL crease YEAR CorreFROM JANUARY 1 (-) 1924 OR i i spending THROUGH LATEST cumu- PERIOD month, MONTH lative i October 1924 or Nofrom vember, 1923 j 1924 1923 1923 October Novem- R]ELATIVE NUMBERS 19 23 1924 November from October i O t> , o £ 1913 1920 1920 101 268 17 98 ' 45 245 110 33 i 20 1920 1920 1920 74 102 14 ber Per cent increase (+) :or decrease (— ) 0 tub & <H November, 1924, from November, 1923 £ ft oo i fc 34 72 28 31 71 20 43 +38.5 112 i +57.7 11 -44.4 -55.5 -54.4 -65.5 29 37 12 35 45 15 30 -14. 1 37 1 -16.8 15 | +3.1 -42.5 -49. 5 +88.6 METALS— Continued Railway Equipment Locomotives (Bureau of the Census): Shipments — 133 Total 299 9G 123 78 270 Domestic .number Foreign number. _ 10 ! 18 29 Unfilled orders397 i 462 Total number 691 331 398 656 Domestic _ _. number Foreign munber.. 66 ; 64 35 Locomotives (Am. Ry. Assn.): 64, 882 Owned (end of month) __number__ 64, 964 64, 878 Tractive power thous. of lbs._ 2, 586, 106 2, 586, 826 2,532,051 Installed during month number.. 181 ' 113 333 Tractive power thous. of lbs__ 5, 744 8,461 19, 055 Retired during month number 263 282 220 7, 750 7, 741 Tractive power thous. of lbs__ 5,713 265 739 Unfilled orders (end of month). .number.. 358 70 14 Building in R. R. shops. number.. 76 Shipments (I. C. C.): 6, 382 i 8,839 13,469 Freight cars, total number 5, 938 8,449 13, 333 Domestic _ _ number 444 Foreign number 390 136 99 119 Passenger cars, total .. number 96 98 119 90 Domestic number.. Foreign number 0 6 Unfilled orders (I. C. C.): 45, 369 38, 391 28, 092 Freight cars, total _. number 43, 937 27, 429 36, 560 Domestic number. _ 1,432 663 Foreign . number 1,831 502 Passenger cars, total. number. _ 1, 438 486 490 479 Domestic number 1,401 6 7 Foreign number37 Domestic orders (Railway Age): 13, 038 1, 185 11,853 Freight cars ... number 215 144 Passenger cars number 188 90 | 52 Locomotives . number 135 Total orders (Iron Trade Review): 12, 720 5, 050 Freight cars number 4,885 2, 860 2,680 180 1,323 -53. 7 1,188 -55 7 135 ! -25.0 ! 52 73 i 8 27 34 13 1 i I i ! i _ ' i :_____L~:__, 1 •: 134, 494 132, 693 1,801 1, 454 1,430 24 76, 544 1 -43.1 : 1919 1919 75, 256 -43.3 1,288 ' -28. 5 i i 1919 1,024 -29.6 i 1919 980 1919 -31. 5 54 i+125.0 1919 ! 1919 1919 1919 1919 1919 1919 li ! >' !' i : I '. ' ' i 79 i 116 113 1 79 ! 197 193 135 137 1 0 i 5 568 626 ! 495 463 955 1082 ; 855 791 38 0 13 0 74 122 8 505 818 75 54 86 9 521 891 13 41 31 ! 37 49 ! 56 66 2 2 i 6 812 i 347 755 ! 1121 1208 523 61 61 1 23 45 70 6 306 458 21 42 66 5 275 413 11 49 79 4 284 428 10 ! i ! -0.1 0.0 +2.2 0.0 +60 2 —45. 6 +47.3 -55.6 +19.5 -6. 7 +0.1 +35. 7 -26.0 -64.1 -7.9 +400. 0 -27.8 -52.6 -29.7 -55. 5 +13.8 +226. 5 +3.1 -16.8 +8.9 -17.6 -83.3 j ! i f ' ! +18,2 +61.5 +20.2 +60.2 -21.8 +116. 0 +3.3 -65. 1 +2.3 -65.0 -14.3 -83. 3 78, 425 2,086 1,971 124, 937 1,788 1,118 +59.3 i 1920 1920 -14.3 -43. 3. ! \ 1920 11 97 32 17 1 68 97 ! 111 31 ! (13) 321 169 61 169 127 81 186 i +10.0 145 +14.4. +49.3 54 ! -33.3 +73.1 91. 887 125, 950 +37.1 11 48 ' 57 263 47 121 !+160.4 +151.9 53 54 : 32 30 39 -23.2 97 ! 89 103 ! 111 118 | 102 80 92 89 85 102 89 31 49 44 111 1913 Machinery Machine tools, orders _ . index number Foundry equipment: Sales _ dollars Shipments dollars.. Unfilled orders .dollars Stokers: Sales _ __ _ . number Sales horsepower Agricultural pump shipments: Total thous. of dolls Pitcher, hand, etc __ number Power pumps number Steam, power, and centrifugal pumps: New orders thous. of dolls.. Shipments thous. of dolls Unfilled orders thous. of dolls Patents issued: Total, all classes number.. Agricultural implements .number. . Internal-combustion engines number.. 1920 i 1922 1922 1922 133 i 137 123 1919 -25.4 30 9 ; 1919 38 62 21 1 ; 1919 ! 1922 1922 98 81 125 89 ! 78 ' 97 | 69 136 65 64 i 109 i 59 i 60 73 39 1913 1913 1913 126 61 156 1913 1913 1913 129 107 80 4, 358, 096 4, 239, 950 -17.3 1, 1923 -28.4 1923 85 94 105 ; 76 | 2, 593, 250 2, 425, 532 1923 +16.6 + 10.0 j 1923 233, 756 261, 047 329, 061 285, 267 204, 207 399, 325 267, 424 265,211 437, 296 4, 392, 899 4, 243, 936 3, 373, 163 3, 314, 943 104 58, 565 106 37, 167 50 16, 241 1,391 697, 929 1,037 482, 547 484, 931 47, 177 2,380 483, 668 39, 437 2,494 545. 792 40, 450 3,040 1,001 1, 152 2,197 873 1,023 2, 052 1,061 1,406 3,526 16, 594 17, 016 11,900 i -28.3 12, 490 -26.6 3,276 56 70 3, 512 54 68 3, 147 48 62 35, 563 546 662 38, 244 561 ' 631 j 36, 692 103, 662 . 136 127,770 72, 201 .128 1, 347, 863 723, 365 1,451,516 998, 366 +7. 7 +38. 0 590, 333 296, 729 502, 860 394, 798 5, 268, 664 5, 920, 566 309, 268 270, 379 261, 190 214, 261 2, 223, 442 ? 204 270 ; -21.9 ] +7. 5 +2. 7 A J 1919 1919 1919 ! 31 ; 40 80 -10.3 -35.2 103 i +22.0 79 -21.8 108 | +21.4 +6.7 -23.0 -8.7 35 45 1 +1.9 +112. 0 70 -36.5 +128. 8 79 95 71 79 ! -0.3 79 -16.4 74 1 +4.8 -11.4 -2.5 -18.0 59 77 38 60 89 37 53 : -12.8 79 ! -11.2 34 -6.6 -17.7 -27.2 -41.8 111 116 62 61 144 i 144 132 80 140 116 71 163 124 i 68 i 158 1 +7.2 -3.6 -2.9 + 11.6 +12.5 +9.7 125 1 131 102 | 116 81 | 85 125 138 83 135 129 83 134 i -0.9 147 +13.8 87 +4.6 +7.0 +43.6 +6.3 51 53 93 76 96 88 123 ! +28.1 -33.5 57 +17.4 -24.8 80 71 121 ! 132 92 78 69 81 71 143 i +76.9 130 i +84.0 +18.4 +26.2 ; so 80 1 68 153 145 76 i 125 49 64 43 175 113 67 141 112 71 81 112 68 147 95 68 105 115 ! NONFERROUS METALS Copper and Brass Copper: Production thous. of Ibs "137,924 Exports thous. of lbs_. 91, 056 Wholesale price, electrolytic-dolls, per. lb.. .130 Brass faucets: Orders received number of pieces. _ 460, 664 Orders shipped. _. number of pieces 446, 168 Tubular plumbing sales: Quantity number of pieces.. 174, 822 Value dollars 146, 958 I 103 : Zinc Retorts in operation, end of month. .number.. Production thous. of Ibs Stocks end of month _ _ _ . thous. of Ibs Receipts, St. Louis thous. of lbs_. Shipments, St. Louis thous. of Ibs Price, slab. Drime western dolls, per lb.. 1 Revised. 72, 139 84, 976 76, 904 I 18, 796 29, 901 .: .067 77, 631 85, 206 53, 824 30, 591 27, 7<)6 .071 84. 906 969, 431 88, 560 61,808 13. 664 ""229," 170 195, 627 j 2, 325 . 067 1913 i 1913 1913 "229," 572 ~"+O.T i 1913 238, 690 +22.0 1913 ! 1913 976, 270 +0.7 i 146 63 ! 57 52 i 114 73 148 133 111 98 122 -8.6 +7.6 -3.7 +0.3 i -30.0 -12.9 i +62. 8 + 123.9 I1 -7.1 +125. 3 +6.0 +6. 0 1 33 TREND OF BUSINESS MOVEMENTS—Continued ! Corre- i spending j month, ! October or November, ; Novem1923 ber I 19'>A In many cases December figures are now available and may be found in the \ special table on page 24 October Per ct. increase (+) or deBASE CUMULATIVE TOTAL crease YEAR FROM JANUARY 1 (-) 1 OR cumu- PERIOD THROUGH LATEST MONTH i lative 1924 from 1923 1923 1934 1 Per cent increase (+) or decrease (— ) RELATIVE N U M B E R S NUMERICAL DATA NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. l • o i November from October 1924 19 J3 tit 0 o o fc November, 1924, from November, 1923 ft £ 206 125 108 -13.6 | -9-1. 9 163 153 I 169 1 + 10.6 ! + 7. 5 136 139 158 +13.8 i; -14.7 -6.8 -17.2 122 I 104 98 110 1 113 121 i +6.9 ! + 22. 1 NONFERROUS METALS— Continued ! Tin Stocks, end of month: United States World visible supplv Deliveries (consumption) Imports Wholesale price, pig t i n _ . _ long tons Ions tons long tons.. thous o f l b s dolls, per lb._ Lead Production index number Receipts. St. Louis thous. of lbs__ Fhipments. St. Louis thous. of Ibs Wholesale price, pig, desilverized. dolls, per lb_. 2,419 18, 971 5,090 10, 070 -8. 1 ' -5.6 ' 1913 1913 1913 1913 1933 191 166 151 137 93 56 i 179 158 | 172 185 I 131 79 119 99 115 1 111,379 78, 271 138, 100 +24. 0 ' 102,361 : +30.8 \ , 1921 1913 1913 1913 128 108 101 156 142 141 123 157 505, 564 18, 077 423,280 !i -16.3 1913 , 123 14,145 ! -21 8 | 1909-13 136 108 114 2,089 { 20, 977 5,790 9,387 i .542 ! 1,072 1 19, 520 6,785 11,336 .444 j 65, 344 142,121 14,432 11,783 .083 11,912 9, 470 .090 7,745 10,729 . 069 48, 837 1, 534 40, 734 974 42,911 1,253 .507 60,040 !i 134, 171 |! : : 169 i 1.78 180 239 i 254 ! 264 125 130 135 182 184 189 179 218 108 203 -0.6 -17.5 -19.6 +8.4 +26. 1 +53. 8 -11.7 + 30.4 87 127 103 137 117 140 102 89 -13. 0 -36. 5 - o. 1 -22. 3 FUELS Coal and Coke Bituminous: Production thous. of short tons Exports thous. of long tons.. PricesMine average, spot dolls, per short ton._ Wholesale, Kanawha, f. o. b. Cincinnati dolls, per short ton.. Retail, Chicago, .dolls, per short ton_. Anthracite: Production thous. of short tons.. Stocks, distrib. points.thous. of long tons__ Exports thous of lonp tons PricesWholesale chestnut, New York _ . dolls, per long ton Retail, chestnut New York dolls, per short ton.. Coke: Production, beehive.. thous. of short tons.. Production, by product thous. of short tons Kxports thous. of long tons Price, furnace, Connellsville dolls, per short ton 1 2.10 2.06 2.23 1913 183 181 162 165 | 171 167 -1.9 3.39 8.21 3.39 8.13 3.89 8.75 1913 1913 177 182 177 182 154 163 154 ! 154 163 ! 171 154 169 0.0 -1.0 7, 674 4,167 362 6, 776 4, 166 283 7, 746 1. 244 369 114 1913 40 1921 1909-13 ! 139 102 47 128 93 141 89 100 155 114 101 156 126 89 156 98 11.48 11. 48 11.48 ! 1913 | 216 216 214 216 216 216 0.0 0.0 14. 21 14.21 14.58 209 209 198 203 204 204 0.0 — 2. 5 631 630 1.102 16, 897 2,899 56 2,929 57 2, 942 49 34, 528 1,057 87, 744 82, 838 , -5. 6 4, 216 3, 28l 22 2 ! 3. 13 3.23 | 1913 -7.6 -12.9 -11.7 -12.5 0.0 +234. » -21.8 -23. 3 46 39 16 23 23 -0.2 -42.8 30,702 ! j -11.1 1913 ! 293 .600 | -43.2 I 1909-13 107 278 67 231 58 238 58 274 77 277 78 +1.0 +1.8 -0.4 + 16.3 1913 163 167 123 128 | 128 132 +3.2 -20.8 1913 326 316 298 288 289 272 -6.1 -13.9 1913 1919 312 134 320 138 349 155 350 146 348 147 346 141 -0.7 —3. 5 + 7.9 +2.5 1919 1913 225 460 221 410 272 395 278 361 270 328 271 448 -0.7 + 0.2 +36.4 +8.0 +22. 4 +9. 3 1913 1913 1913 1913 1913 202 169 534 133 72 279 167 555 112 63 280 181 488 147 87 286 178 434 141 71 297 185 463 134 67 294 183 519 130 63 -0.8 — 1.3 +12.2 -3.0 -5.0 +5. 5 +9.3 -6.4 +15.4 0.0 1919 1919 1919 1919 1913 200 269 217 200 110 187 175 188 209 101 229 354 286 278 112 227 371 251 260 104 231 296 263 244 83 231 310 243 240 88 +0.2 +4.4 -7.5 -1.7 +5.7 +23. 4 +77.0 +29.2 +15.0 -12.9 8,787 || -48.0 « 4. 08 1913 ! 19 ! Petroleum Crude petroleum: Petroleum . thous. of bbls a 59, 937 Stocks, end of month — Total (comparable) thous. of bbls.. «* 365, 059 Days' supply number 170 Tank farms and pipe lines thous. of bbls 362, 374 Refineries „ . .thous. of bbls _ _ 40, 319 Imports thous. of bbls.. 4,873 ConsumptionTotal thous. of bbls.. « 64, 713 55, 779 Run to stills thous. of bbls.. Shipments from Mexico.. -thous. of bbls_. 9,989 Price, Kansas-Oklahoma dolls, per bbl 1.250 Oil wells completed number 1,060 Gasoline: Production _ thous. of gals. _ 760, 647 Exports thous. of gals. _ 90, 907 Domestic consumption thous. of gals.. 751, 499 Stocks, end of month thous. of gals 1, 152, 374 Price, motor, New York. ..dolls, per gal. _ .140 Kerosene oil: Production thous. of gals.. 232, 666 Domestic consumption thous. of gals.. 134, 909 Stocks . . thous. of gals 308, 125 Price, 150° water white dolls, per gal.. .215 Gas and fuel oil: Production .thous. of gals.. 1, 160, 683 Domestic production thous. of gals.. •1,095,120 Stocks .. thous. of gals 1, 611, 586 Price, Pa., 3G-40 at refin dolls, per gal.. .055 Lubricating oil: Production thous. of gals.. a 97, 223 61, 801 Domestic consumption thous. of gals. _ 247, 998 Stocks . thous. of gals Price, Pa., 600° fil., "D" at refineries dolls, per gal.. .288 Revised. 56, 309 65, 388 « 362, 651 164 335, 741 160 359, 658 40, 404 6,649 332, 887 33,012 6,085 64, 220 55, 029 11, 204 1.212 1,007 672, 861 650, 660 -3.3 1 -2.2 +4.9 +11.0 -6.0 -12.0 +18.3 +40.8 +15. 2 73, 598 71, 995 60, 860 50, 364 11,974 1.050 1,007 650, 462 529, 989 132, 202 682, 364 588, 220 124, 261 15, 395 13, 548 762, 046 617, 558 94, 951 53, 656 695, 359 538, 309 1, 133, 169 985, 046 .148 I .170 6, 896, 777 767, 048 6, 166, 731 8, 158, 071 1, 080, 305 7, 104, 296 233, 521 220,811 137, 255 | 132, 384 337, 448 i 239, 114 .215 .220 2,114,013 1, 372, 968 2, 277, 277 1, 396, 807 ... +7.7 +1.7 1919 1919 1919 1919 98 107 75 105 113 114 80 110 105 115 101 108 109 118 99 108 119 116 103 108 120 118 112 108 +0.4 + 1.7 +9.5 0.0 +5.8 +3.7 +41.1 -2.3 1, 134, 147 1 1,057, 932 11, 000, 856 12, 260, 877 1,012,943 918, 644 10, 025, 956 11,163,909 1, 641, 090 1, 499, 926 ,055 .059 + 11.5 +11.4 1919 1919 1919 1919 168 177 185 113 166 160 193 ns 184 176 213 100 175 176 211 98 183 191 207 106 178 177 211 106 -2.3 -7.5 +1.8 0.0 +7.2 +10. 3 +9.4 -6.8 +5.1 +1.4 1919 1919 1919 125 1 124 135 136 128 143 131 139 150 128 137 151 138 130 154 135 147 150 -2.3 +13.2 -2.3 -1.2 +14.7 +4.7 1919 55 58 78 79 79 79 -0.7 +36. 2 94, 948 69, 932 242, 246 .286 ! 96, 120 60, 974 231, 335 .210 999, 621 686, 823 1, 050, 537 696, 200 TREND OF BUSINESS MOVEMENTS—Continued NOTE.— Data on the following items for the period May, 1922, to September, 1924, may he found in the November quarterly issue of the SURVEY (No. 39). Detailed 'explanations with sources are also given in that issue. Per ct . 1 increase (+) 01 deBASE CUMUI.ATI VE TOTAL crease I YEAR CoireFROM j \ N U A R Y 1 (-) OR spending THROTG H LATEST ! cumumonth, MONTH lative PERIOD October 1921 or Nofrom \ ember, 1923 i 19>J: 1924 * 1923 1924 In many cases December figures are now available and may be found in the special table on page 24 October ! N ^ m - Per cent j increase (+) or decrease (— ) R E L A r TVE N U M B E R S N U M E R I C A L DATA 1924 1923 , i tj o . i - . November, Novem1924, ber from from NoOctober vember. 1923 3, I o I y. 170 182 104 177 188 117 -21.0 170 139 187 ! 146 i -21.8 119 | 102 ! -14.5 -27.0 2q •> -4! 3 144 72 160 157 72 152 165 i 140 -15.0 70 ! 59 ! -23.3 133 | 100 ! -20. 1 99 o 2(1 5 1919 185 200 1919 , 187 i 194 , 179 | 225 1919 1923 , 100 > 79 ! 139 124 \ 1910 202 218 130 110 130 i 203 ; 208 ! 178 120 i 136 248 ! 190 i -20.9 257 ! 208 i -19.2 -30. 3 210 ! 146 + 2. 2 142 145 156 ; 160 — 2. 0 +0. 8 -35. 0 +83. 7 +29. 2 1919 105 119 ! 114 140 105 • 153 158 133 205 269 83 ' 64 236 213 370 138 0.0 110 1 304 i +28.6 267 +25. 0 521 +40. 7 -34.1 91 +34. 1 ' 327 292 308 239 441 i 500 78 120 88 : 133 107 o : £ ! AUTOMOBILES Production: Total number « 289, 370 Passenger cars _ . _ . , number « 257,915 Trucks mini her - - a 3J, 455 Shipments: a 34 597 B v railroads carloads ° 29, 974 Drivewavs .. number of machines By boat number of machines « 0, 258 Exports: Assembled— 17 097 Total number of cars Passenger cars number of cars . . 14,373 Trucks number of cars 2, 724 Foreign assembly number of cars 12,584 Accessories and parts thous. of dolls.. o, 534 Ratio of total exports to 5. 9 production.. _ . . per cent From Canada — 4, 5 1 4 Total number of machines Passenber cars ..number of machines.. 3, 481 Trucks. . . number of machines i . 033 A ccessories and parts dollars . . 401,855 Internal revenue taxes collected on: Passenger automobiles and motor cvcles thous of dolls ~ 469 Automobile trucks and wagons thous. of dolls 1,301 Sales of automobile accessories 39, 339 and parts thous , of dolls _ . RUBBER Crude: Imports thous. of l b s _ _ Consumption by lire mfrs. _ . thous. of lbs_. Wholesale price, Para, N.V dolls, per Ib Pneumatic tires: Production thousands Stocks end of month thousands Shipments, dometsic . . . thousands Inner tubes: Production thousands Stocks, end of month thousands Shipments, domestic thousands . „ Solid tires: Production thousands stocks end of month thousands Shipments, domestic thousands 228, 575 1 201, 691 11 20,881 313,024 284,939 2S, 085 3,710,410 3.301,771 348, 072 3, 349, 148 3,015,511 333, 637 29 °00 23, 000 5, 000 37.537 31,305 0, 53b 435,431 529,555 77, 705 1 10, 697 356. 928 55, 008 -4.3 [ -32.0 ' -29.2 ! 13 517 11.619 1, S98 12, 864 5, 680 13 795 10, 875 2, 920 ! 7,002 4,400 139 701 1 16, 900 22, 795 100,179 53,015 105. 061 140, 102 24,919 117, 108 08, 83 1 -MS. 1 4-19.8 +9. 5 , + 16.9 +28. 3 ! 1 1919 222 ; 190 243 : 200 114 ! 107 1920 1920 1920 202 > 179 97 I 80 103 ! 139 1919 1919 ; 5, 9 4.4 5, S05 4, 352 1, 453 201,711 5, 5S7 3,907 1,580 306, 269 62. S98 51,^78 10,920 3. 255, 33 1 51,b83 40, 030 11,847 4, 167, 636 — 22. 8 +S. 5 +37. 2 1919 1919 1919 1919 4 tS° 9 543 90 705 92, 5']9 — 4.3 1920 64 -40.0 -53.0 7S9 10, 107 9, 97,> -1.3 1920 79 ' 02 56 43 103 41 -59.9 -33. 8 : 70 59 46 48 34 — 29. 0 27, 936 1 . 120 137 ! : 51\503 — 27. 9 1920 88 34,823 23,109 .204 025,742 342,480 078. 092 414, 889 +8. 5 +21.1 1913 1921 1913 409 135 505 622 225 245 26 : 28 905 782 257 . 222 33 ; 35 1921 1921 1921 130 . 132 178 194 110 111 : 106 i 107 148 129 : 194 , 174 213 : 175 127 124 160 172 3 877 -ri 338 3,046 3, 190 5 207 3, 273 2,100 ; 4 689 2, 456 5, 896 7, 352 4,177 4, 602 1 7, (568 i 4. 679 ! ; 83 71 \ 958 7r. 408 39,812 . 280 42 149 41 .. T7, 293 87, 352 46, 045 . 262 48 145 45 -9.7 -10.3 -4.3 31,507 35, 287 + 12.0 30, 378 33, 561 + 10.5 3, 452 0,094 j 3,422 ; 41, 798 48, 325 + 15.6 40,057 46,007 -1-14.9 27 \ 178 ; 43 I 652 511 -21.6 022 180 -21.9 504, 154 45,782 279,818 79, 910 72, 170 317,055 37, 570 102, 719 47, 172 53, 910 -37. 0 -17.9 -41.8 -41.0 361 129 1 -t-3. 9 + 11. 4 -8.0 -13.0 +116.7 -13.5 +72. 3 +9.2 +40. 2 — 2. 5 +7. 5 +32. 9 + 11.0 +33. 3 1921 1921 1921 222 171 , 153 151 i 147 ; 126 ' 157 ; 149 ; 124 244 132 223 201 204 ! -21.9 +4. 3 101 108 182 , 204 ! +12.0 1921 1921 1921 105 ! 102 ; 109 118 61 105 136 ' 119 03 ; 04 101 93 -12.5 +2.8 —8. 9 +55. 6 -16.3 — 4. 7 63 05 04 45 > 57 ! 62 75 \ 79 I 71 50 ! 39 i 36 71 ! 92 : 95 02 ': 78 51 42 73 116 47 42 80 I 03 + 24. 8 -17.2 +59.4 -11. 1 -26.3 + 24. 1 -5.3 +54. 2 -16.3 -10.2 i i ! ! 73 j 57 i 57 75 ! 58 1 58 70 ; 51 55 59 53 55 59 02 : 63 i 60 48 ; 47 48 ; 40 84 1 83 i 77 85 i 87 79 ! 103 i 105 02 65 1 73 144 i 186 I 138 113 73 ' 111 | 92 82 82 104 ! 124 , 98 77 100 77 i 03 99 103 +33. 3 + 14. 0 +30. 7 HIDES AND LEATHER Hides Imports: Total hides and skins thous. of l b s _ . 20, 719 Calfskins thous of Ibs 3, 469 13,897 Cattle hides thous. of Ibs Goatskins thous. of Ibs . . 3, 879 Sheepskins thous. of Ibs 4, 556 Stocks, end of month: Total hides and skins thous. of Ins.. 250, 232 212, 223 Cattle hides . _ . thous. of Ibs Calf and kip skins thous of Ibs 28, 112 Sheep and lamb skins thous. of lbs__ 15, 897 P rices: Green salted, packers' heavy native steers dolls p e r l b . 103 Calfskins, country No. 1 dolls, perlb.. .194 Leather Production: Sole leather. _thous. of backs, bends, sides.. Skivers _ doz Oak and union harness stuffed sides. . Finished sole and belting thous. of Ibs.. Finished upper thous. of sq. ft Stocks, end of month: Sole and belting thous . of 1 bs . _ Upper thous. of sq. ft_. Stocks in process of tanning: Sole and belting thous. of lbs_. Upper thous. of sq. ft.. Exports: Sole thous. of Ibs . . Upper thous. of sq. f t _ . Prices: Sole, oak, scoured backs, heavy Boston dolls per Ib Chrome calf. "B" erades.dolls. ner su. ft.. a Revised. ; 33, 355 2, 873 | 22, 145 3, 448 3, 358 265, 605 223, 361 27, 196 15, 048 . 174 . 203 : 26, 869 3,035 14,359 4, 120 3, 740 ! ! ' 1 i 314,832 i 254,138 41, 103 I 19,591 | 1921 . . . _ . 141 ! . 148 ! 1,307 17,430 43,073 i 424,985 135,425 i 1,508,938 23, 518 300, 474 71, 651 864, 520 -23.8 13, 282 364, 048 -14.3 -23.8 1,149,560 230,498 i -22 8 -18.9 701,515 07 02 71 01 83 1909-13 1909-13 [ 1909-13 1909-13 1909M3 i 1921 ; 1921 1921 j 1913 1913 i ' 1919 1919 1919 1921 1921 i 76 77 09 68 81 175 123 103 134 +3.7 +5.2 -3.3 -5. 3 -15.0 - 12. 1 -33.8 — 23. 2 88 ! 95 103 107 +6. 7 +4.6 +23. 4 +37.2 72 ] 64 174 i 165 118 110 91 i 81 118 99 -11.3 -4. 8 -6. 6 -11. 1 -15. 7 -12.4 -10.4 -30. 2 -11.0 -19.0 1,351 40, 539 101, 107 23, 389 08, 377 1, 198 38, 009 94, 532 20. 783 57, 033 134,272 324, 922 126,204 316,411 179,292 380, 133 1921 1921 93 | 93 90 : 90 75 82 72 79 09 77 65 75 -6.0 — 2. 0 -29.0 -16.8 88, 504 127,332 89, 329 129, 082 98,038 ! 151,879 1 1921 1921 90 88 95 ! 92 79 76 79 79 80 78 80 79 ! +0 9 +1.8 -8.9 -14.6 1913 1913 42 1 88 04 i 63 1 104 1 101 103 i 163 80 ' 71 70 76 74 85 , 72 79 -3. 1 - 18. 7 +25. 9 ; 99 171 1Q4 171 +4. 5 0.0 4-2, 2 -M! 5 1,923 7, 504 . 445 . 460 1 , 804 i 0, 959 2.292 ! 5,529 j . 405 . IfiO . 455 .440 10,302 08,123 20,345 , +24. 3 + 13.4 77 252 1913 1913 98 171 99 171 35 TREND OF BUSINESS MOVEMENTS—Continued ,l N O I K . — Data on tlie lollov. ing items tor the period May, 1922, to September, H/'2l, ma\ be lound in the November quarter Ij issue of the SURVEY (No. 39). Detailed explanations \\ ith sources are also gi\ en in t h a t issue. . ia li} M '* In many cases December figures are now available and may be found in the " "- r - special table on page 24 • v October ' j}\ u | Vu ( i I 'increase'! .. - ! H) i :! l or de- , B V s t CUMULATIVE TOTAL crease ; VR Corre- : FROM J A N U A R Y 1 ( — ) j \ *OR 1 spending. THROUGH L A I E & T cumu- FEKIOI , i month, : MONTH latr\e i ; I October 1924 - ; or No. from i vernber, • 1 19?} | \ 1923 1923 1921 ! '" ' j . . j . . ; ._. . ._. : _ L s : "• "30,826 552 25,826 : 494 : 20,916 62S ,+ ,+ „,-, 4.88 : 5.00 ; ; 4 s5 3 85 3 85 > : 4 2~i ' ' j. 068, 762 i 3, 921. 72 1 9,437 . 6,682 328,438 6.809 -226 —29 2 i 288, 462 ' - 1 2 2 " 5,743 -I") 7 i 'j -- 201 , 338 37,318 29, 780 134,210 163, 756 191,213 31,902 \\ 23, 234 ! 105, 620 i. ... ! , 49 i 43 63 i 61 49 || 47 j 46 40 1919 19H 111 68 1 i 98 | 75 : '., 92 61 100 57 | 201 201 : j 201 201 19H , 191 i ' l')H 153 i I J42 153 ' 153 153 142 :| 142 142 i! 1 .i.... ' 127, 3s5 . ( * ! 1 : ... ..:' . ; i i : — 1 2. 8 — 9. 8 112 I 91 1 -18.4 66 59 i —10. 5 — fi. 6 —2 3 43 38 201 201 ' 154 158 142 142 0.0 -9. 4 .. -18.7 -14.4 : '.__ ! J.. ... i. i, n i. 1 -10.5 -10.6 48 42 i... : 35,108 28, 750 j \ *< 1919 1919 ' . No! vem! ber ^ 1 Leather Products 338,425: 302,794 ; 347,202 576 515 ! 642 ! 1924 , i N ve b 19 frc i frnm N 'October ve bc 11 | ! i 1923 HIDES AND L E A T H E R - C o n t i n u e d Belting sales: Quantity -. thous o f l b s Value thous of dolls Boots and shoes: Production thous of pairs Exports thous. of pairs... Wholesale prices — Men's black calf, blu f< hcr dolls per pair Men's dress welt, tan calf, St. Louis.. dolls, per pair-. Women's black kid, Goodyear welt St Louis < lolls per pair Leather gloves and mittens cut: Total dozen pairs Dress and street gloves: Imported leather do/en pair's Domestic leather do/en pairs Work doves, mittens, etc... dozen nairs ; Per cent '• increase (+) ;or decrease ( — ) RELATIVE NUMBERS N UM E R IC: A L 1 )AT A ... - i 0.0 0. 0 +2.5 +3. 1 -o. 5 — 0. 6 - '.». 2 - 7. J -22.0 . -21.3 PAPER AND PRINTING Wood-pulp Imports Mechanical Chemical .. short tons short tons 30 5H5 135, 238 9A 835 : 109, 047 : 30,666 i 264,056 1.16,224 1 1,016,577 short short short short short tons tons tons tons tons 129,429 129,536 , 147,467 114,121 ! 1.677 116,603 119,584 . .. 112,442 1,454 ! 1,371,010 1.363,481 1,560,180 1,193,168 14,479 hort tons short tons 28, 194 i 187 109 221,924 1, 144,440 - 16. 0 + 12 6 1909-13 160 1909-13 : 358 186 455 129 473 149 519 186 530 151 427 107 19i9 1919 1 109 98 1919 1913 625 1913 i 105 102 94 592 36 102 101 85 602 41 101 ! 113 101 113 93 104 589 623 25 47 102 104 :?:? 614 40 -1.5 -13.3 + 3. 8 + 10.8 1919 ! 92 125 1919 100 121 118 122 119 127 118 121 104 -12. 1 4-3. 1 1913 95 1913 i 67 1919 128 97 1920 88 58 121 90 73 80 112 86 79 72 119 86 98 45 128 96 111 + I3.3 88 ! +94.6 110 — 14. 2 +26. 8 -18.7 — 19.4 — 19.0 Newsprint Paper Production __ . shipments Consumption 6 imports. ._ .. . Exports Stocks, end of month: At mills \ t publishers *> c Printing Book publication: American manufacture no. of titles.. Imported ... . . . no. of titles Sales books, shipments thous. of books .. Printing activity weight 'iidexed number 119,720 117,176 ' M 39, 696 ; 108,363 : 1,312 24,774 i •< b 24,040 193, 791 1 . 343, 005 1,340,028 1, 356, 536 1,231,542 15,794 ; I — 13. 1 +3.2 +9 1 : i 799 93 12,584 905 ; 181 10,799 i 714 119 | 11,912 | 6,931 1, 164 115,028 6,798 1,562 123,086 : -19 +3t 2 " T ~'' j tS:l Boxboard Operation inch Production Orders received Unfilled orders (end of month) Consumption of waste paper Stocks of waste paper (end of m o n t h ) : On hand In transit . Unshipped purchases hours !8 tons i tons tons tons.. . tons tons tons 039 913 186,053 169.631 83 390 179,193 ''6 703,115 i cc 140,228 !! c140,686 66 362 i c [29 661 163 594 14,921 ! 26, 253 i e l 28. 399 ' ^ 9 , 428 i < 20. 333 i . . .. .' . Paperboard Shipping Boxes Production: Total Corrugated Solid fiber Operating activity: Total Corrugated Solid fiber thous. of sq. ft thou^ of sq ft thous. of sq. ft... per cent of normal . per cent of normal per cent of n o r m a l 331,390 ! 332,824 286, 200 3, 236, 408 256,410 i 259,390 i 208, 129 2, 335, 620 78,071 900,788 74,980 73,434 77 78 i 74 86 i 78 ; 80 ! 3, 359, 303 1 2, 525, 329 833, 974 138 126 1 153 ' 139 i 107 101 1922 1922 1922 127 147 89 i 133 i 146 155 ! 172 92 97 : +1.2 +0.4 147 174 1 95 ! -2.1 + 16.3 + 24. « -5.9 + 1.3 0.0 + 2. 6 + 1.3 +4.1 — 7. 0 i Other Paper Products Hope paper sacks, shipments Abrasive paper and cloth: Domestic sales Foreign sales +3.8 +8. 1 ! — 7.4 index numberreams reams 129 118 165 156 ! 153 119 -22. 2 +0.8 1919 1919 119 124 114 115 103 117 ! 127 119 0 90 i 94 108 130 -15.0 +39. 0 + K1 5 1922 99 : 113 i 62 70 110 ' 108 78 109 + 11.4 +0.3 -21. 2 -5. 3 3 1922 982, 635 122,110 86 587 8 591 73 581 11 940 77, 634 10,522 32. 1 13, C07 36. 1 13,653 45.8 .. . 14,420 870, 600 110,371 -11.4 -9.6 : f BUTTONS Fresh-water pearl buttons: Production. per cent of capacit y_ _ Stocks, end of month thous. of gross.. a Revised. fc . October, 1923. 312 months' average, July to June,inclusive.ending the year indicated. 0 Data prior to June, 1923, include reports of 600 publishers, while current months include about 450. c November, 1923. ; 1922 99 115 48 111 36 TREND OF BUSINESS MOVEMENTS—Continued NUMERICAL DATA Per ct. NOTE.— Data on the following items for the increase period May, 1922, to September, 1924, may (+) ! be found in the November quarterly issue of I" ' <•' "\ or de- : the SURVEY (No. 39). Detailed explana- ', : CUMULATIVE TOTAL crease tious with sources are also given in that issue. ! Corre- I FROM JANUARY 1 193 (-) i : * sponding THROUGH LATEST cumuMONTH lative In many cases December figures are now ! rwnh«r 1924 available and may be found in the or NY from special table on page 24 vernhpr 1923 No m : October | ™ - ; : 1923 ' 1923 1924 GLASS ANI> OPTICAL GOODS BASE YEAR OR, PERIOD 18 23 ; 1924 > c <^ 00 I z 7 1921 ?7 1921 1921 140 157 146 144 I; 109 110 1919 1919 152 96 132 ! 91 0 November from October 1 0 November, 1924, from November, 1923 ; Illuminating glassware: Net orders per ct. of capacity.Actual production per ct. of capacity..' Shipments billedper ct. of capacity. . Spectacle frames and mountings: Sales (shipments) index number : Unfilled orders (value) index number BUILDING CONSTRUCTION Per cent increase (+) or decrease (— ) R]3LATIVE NUMBERS 45.8 \ 45.7 ; 48.3 • 43.5 ; .1 51.0 i 45.5 ,. . .; : ; 52.9 57.4 : 58.6 ' ; - .. >[ 159 75 164 ; 103 70 30 125 126 135 119 141 127 -4.8 +11.9 -5.9 -17.4 -11.3 -22.6 85 110 43 ! 43 87 38 -20. 9 -11.6 -34. 1 -58. 2 -1.5 —2.4 95 116 ; ' Building Costs (Index Numbers) Building materials: Frame house, 6-room, 1st of foIV mo Brick house, 6-room, 1st of fol'g mo . Building costs (Engineering News Record), 1st of following month Concrete factory costs (Aberthaw), 1st of following month Plumbing fixtures, 6 articles dollars ' \ i _ 203 206 204 i 202 207 203 190 j 195 199 193 201 202 +3.1 +4.7 1913 221 217 ' 211 208 206 209 +1.5 -3.7 1914 1913 202 187 199 184 196 175 195 195 174 | 172 197 168 +1.0 — 2. 4 -1.0 -8.9 82 30 174 i 204 74 75 44 21 164 i 122 184 180 78 92 25 26 120 ! 141 200 167 97 24 157 132 +4. 8 -8.8 + 11.1 -20.8 +29. 7 -46. 0 -4.7 -28.1 1913 1913 \ ! i ! 116. 15 113.42 124. 58 8, 546 3,332 i 28,395 i 3,201 8,957 3,040 31,553 2,,536 ; 6,906 ! 5,634 ! 33,114 | 3,529 85, 300 57,614 323,756 ; 40,968 88,656 ! •4-3. 9 36, 865 -36. 0 +5.5 341,561 44, 298 +8.1 1919 1919 1919 1919 3,566 1 47,390 2,617 ; 49,002 : 2,773 51, 972 35,776 i 543, 784 42, 378 558, 325 +18.5 +2.7 1919 1919 169 116 123 1 184 90 111 207 159 93 ! 102 117 105 —26 6 +3.4 -5.6 -5.7 +20.0 -26.8 +16. 9 +19.6 1919 1919 1919 1819 91 72 222 220 88 100 56 100 209 ! 188 218 280 110 1 151 70 34 181 211 267 237 151 65 252 165 -0.2 +93.2 + 19.8 -30.2 +71.0 -34.9 +20.8 -24.1 306,094 ' +27. 8 3, 596, 447 +11. 5 1919 1919 172 149 123 135 228 139 240 182 139 | 160 133 159 -27.2 -1.0 +7.4 +18.0 155 -32.4 -18.4 Construction and Losses Contracts awarded (27 States): Business buildings_.thous. of sq. ft— I Industrial buildings thous. of sq. ft..! Residential buildings thous. of sq. ft—! Educatiorial buildings thous. of sq. ft.. Other public8 and semipublic I buildings ... thous. of sq. ft..; Grand total thous. of sq. ft.J Contracts awarded, value (27 States): Business buildings thous. of dolls— j Industrial buildings.. thous. of dolls.. Residential buildings thous. of dolls.. Educational buildings thous. of dolls.. Other public8 and semipublic buildings _ thous, of dolls Grand total _ thous. of dolls.. Southern construction i (16 States) ...._ thous. of dolls. J Fire losses: ! United States and Canada.thous. of dolls. _ j Great Britain thous. of £ sterling-Contracts awarded (36 States): • Business buildings thous. of sq. ft.. Industrial buildings thous. of sq. ft—! Residential buildings thous. of sq. ft— j Educational buildings thous. of sq. ft— i Other public8 and semipublic buildings thous. of sq. ft— | Grand total thous of sq ft Contract awarded, value (36 States) : Business buildings thous. of dolls.. Industrial buildings thous of dolls Residential buildings thous. of dolls.. Educational buildings thous. of dolls.. Other public8 and semipublic buildings thous of dolls Grand total thous of dolls 29,792 , 407,202 , 488,460 i 42,694 ; 355,691 ! 260, 207 147,716 ; 1,446,189 1 1.690,245 ! 21, 722 247, 062 ' 295, 454 j 51,026 14,395 i 148,982 23, 611 50,930 27,810 178,432 16,483 26, 373 344, 941 19,198 ' 341,344 i 63, 266 42,783 i 52, 420 510, 618 627, 472 +22. 9 1921 : 132 190 207 187 27, 944 510 39,082 i 392 ! 29, 702 729 363,860 10, 086 333, 052 7,011 -8.5 —30.5 1919 1920 140 101 133 103 140 43 132 125 56 j 72 9,664 4,478 32, 143 4,127 10,038 ; 4,101 : 34,779 2,825 j 7,689 5, 907 36, 164 4,219 100, 879 68, 361 357, 582 51, 579 104, 615 45,327 389, 153 54,988 +3.7 -33.7 +8.8 +6.6 4,195 55, 087 3, 181 ! 55,258 | 3, 598 57, 578 44, 565 622, 958 51, 926 652, 801 +16.5 +4.8 i 55, 969 29, 033 166, 199 27, 675 55, 255 34, 373 191,319 | 18,311 | 32, 594 44, 457 158, 953 24,273 470, 527 418, 026 1, 586, 805 292, 195 557, 646 324, 494 1,883,255 1 341, 643 + 18.5 -22.4 + 18.7 +16.9 29, 991 410, 091 22, 947 379, 660 i ' ! i 239,491 17, 873 289,263 ; 3, 226, 202 22, 315 318,829 289, 084 3, 681, 568 362,480 4,157,806 | ! i I +25. 4 ! +12.9 j Lumber Southern pine: 460, 685 5, 025, 374 5, 018, 161 -0.1 Production (computed) _.M ft. b. m_. 463, 009 424, 187 427, 285 5, 124, 122 5, 089, 802 -0.7 Shipments (computed) M ft. b. m._ 493, 650 482, 758 432, 512 4, 937, 756 5, 136, 466 524, 194 +4.0 Orders (computed) M ft. b. in 506, 478 1,115,880 Stocks, end of mo. (computed) M ft. b. m 1, 080, 026 1, 026, 246 744, 252 +2.4 762, 142 55, 540 56, 962 Exports (incl. timber) _.M ft. b. m.. 73, 121 Price, "B" and 42.27 40.31 42.48 better dolls, per M ft. b. m Douglas fir: -3.7 515, 694 557, 151 5, 627, 376 5, 419, 186 Production M ft. b. m 543, 005 498, 553 5, 765, 996 5, 517, 308 -4.3 Shipments (computed) M ft. b. m._ 503, 164 464, 930 -0.5 New orders... ...M ft. b. m— 637, 854 566, 131 498, 593 5, 617, 773 5, 589, 928 458, 967 583, 609 -27.2 45, 368 46, 139 Exports, lumber . M ft. b. m _ 45, 489 59, 410 39, 092 328, 409 459, 763 +40.0 23, 758 Exports, timber M ft. b. m 18.50 16.50 16.50 Price, No. 1 common-dolls, per M ft. b. m_. California redwood: 69, 238 599, 093 527, 131 -12.0 53, 507 Production (computed) M ft. b. m_. 44, 532 559, 696 413, 804 -26.1 41, 104 52, 056 Shipments (computed) M ft. b. m._ 32, 755 412, 847 -22.6 41, 744 43, 684 533, 137 Orders received (computed) _ . M ft. b. m.. 35, 099 California white pine: -4.7 95, 254 1, 167, 598 1,112,924 78, 753 Production . . M ft. b. m._ 126,115 687, 365 835, 801 +21.6 89, 684 60, 851 Shipments M ft. b. m— 102, 239 628, 591 Stocks, end of month M ft. b. m._ 673, 923 630, 653 Western pine: -6.2 146, 871 1, 659, 220 1, 557, 096 Production (computed) M ft. b. m.. 147, 659 117, 860 +2.5 120, 443 1, 437, 995 1, 473, 365 Shipments (computed) M ft. b. m.. 144, 203 124, 445 Stocks, nndofmo. Ccomnuted") M ft. b. m__ 1. 128. 395 1. 135. 813 1. 080. 360 i8 Twelve months' average, May, 1921, to April, 1922 Includes hospitals, public buildings, social, religious, and memorial buildings, formerly shown separately : 230 174 +39.9 +31.6 55 | -23.1 —46. 2 > +3.9 -8.4 +8.2 -31.5 +30.6 -30.6 -3.8 -33.0 i -24.2 +0.3 -11.6 -4.0 -1.3 +18.4 +15.1 -33.8 +69.5 -22.7 +20.4 -24.6 ! -23.5 -7.4 +2.8 + 19.1 : ! ! i1 h 1 I i 1917 1917 1917 ! 1917 1919 115 111 105 79 102 109 111 97 112 97 1 108 81 80 109 140 110 104 100 81 127 109 112 113 79 144 100 i -8.4 109 ! -2.2 117 1 +3. 5 75 -5.0 112 -22.1 -7.9 + 13.0 +21.2 -8.0 +2.6 1913 192 184 172 173 175 172 +5.4 +0.5 1917 1917 1922 1919 1922 | 1913 160 161 124 175 214 201 160 154 120 181 413 201 140 153 133 169 252 174 138 151 124 218 228 174 160 156 153 181 272 179 152 -5.0 144 -7.6 136 -11.2 192 : + 1.4 165 -39.2 179 i 0.0 -7.4 -6.3 + 13.5 + 1.7 -60.3 10.8 i i 1918 1918 1918 146 132 135 185 i 150 182 i 151 145 162 88 128 117 119 115 122 143 +20.2 144 • +25.5 152 1 +24.5 -22.7 -21.0 +4.6 ! 1918 1918 1918 275 225 247 181 191 237 280 280 243 271 329 249 240 320 254 150 ! -37.6 281 ! -12.3 238 ! -6.4 -17.3 +47.4 +0.3 1 1 1917 1917 1920 151 129 120 134 146 109 ! 134 123 ! 122 193 128 123 135 131 128 108 i -20.2 113 -13.7 129 i +0.7 -19.8 +3.3 +5.1 1 in the Survey of Current Business. 37 TREND OF BUSINESS MOVEMENTS—Continued NOTE. — Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. Per ct. mci ease (+; 01 deB Vr,E CUMULATIVE TOTAL cleave M' YR CorreFROM J A N U A R Y 1 ( » OR ^P"iidmg ( 'ii mu- VU.PIOD T H R O U G H LMKST month, ld t i r e MONTH O( tober 1921 or NoL orn \ ember, 1923 1923 1924 1923 i92i In many cases December figures are now available and may be found in the special table on page 24 October ! ^™ Per cent increase (+) or decrease (— ) RELATIVE N U M B E R S \ U M ER1CAI D A T A n23 3 o ! NovemNo- i ber » vein- i 1924, ber i from from \ No October 1 vein ber, j 1923 1924 ' ^ I ;1 o £: BUIL1HNG CONSTRUCTION— Ccntd. Lumber— Continued North Carolina pine: Production (computed) Shipments (computed) Northern pine: Lumber— Production Shipments LathProduction Shipments Northern hemlock : Production 140 15o 153 IT) 156 160 145 138 151 174 l 172 +13.4 +12.3 168 : -3.9 ; +1.2 1920 1920 1J9 10 i ss 51 134 93 140 103 103 106 23 i -77.8 -58.9 77 \ -27.3 -12.9 -18.7 -3.5 1920 1920 127 240 54 113 153 260 139 ! 129 198 159 — 22. 3 -25.8 1913 1913 -8.6 — 23.5 1913 1913 1 37, 0 +27.3 1922 1922 1922 M ft. b. m _ _ M ft. b. ra_. 51,849 ! 56,042 ; 58,82! 53, 841 52. 360 :3,200 536,634 , 538,061 ; 545,890 547,120 + 1.7 +1. 7 M ft. b. m._ M ft. b. in 41,333 52, 985 9,18," 38, fLA* 22, 350 44,251 589,311 , 522, 881 494,499 496, 409 -16. 1 -5.1 M ft. b in M ft b in 12,381 10, 108 2,314 5, &<7 5, 163 7, lor 152.554 141,764 1%066 13(,bl7 276,709 °i4, 87 ?> "\I f* ^ in 21 293 ' 621,711 261,347 l'J.5,9'4 20,373 I ..- *> 2f , 26U Northern hardwood: 391,077 ' r>7, M O *> 27, 900 Production M ft. b. im _ _ 14,430 377, 404 2b\ 73<> Shipments M ft b n *• 44, 469 3° 856 'Walnut lumber: 27,726 37,991 3,009 Production _M ft. b. m._ 3,890 | 3,99(3 : 26, 635 33, 909 3,889 i 3,352 2, 623 Sli i pinen ts M f t. b. in . . Stocks, end of month M ft. b. in . 14, 55G ; 15, 176 I 8, 506 'Walnut logs: 26, 340 I 28, 785 3, 345 ; 3, 243 Purchase M ft. log measure. , 2, 618 M ade into lumber and 23,279 ' 29,703 2, 342 veneer M ft. log measure 2,997 ' 3,731 ; Stocks, end of month.. M ft. log measure. 2,695 : 2,931 3, 895 All lumber: Production 10 species M ft b in 9 50q gqg i ^2,710,563 25,413,269 124,568.016 145, 720 1,577,474 1,778,391 Exports, planks, joists, etc... .M ft. b. iu_. ' 1.57] 877 | 176, 055 Retuil yards, Minneapolis Fed. res. dist.— 166,953 1 150,347 1 5. 936 Soles M ft. b. in 18,984 1 17,946 ! Stocks, end of month M ft. b. m._ 107,827 i 98,767 | 110,446 I •Composite lumber prices: 9 42. 51 42. 82 ' Jlardwoods dolls, per M ft. b. m 43.83 i Softwoods dolls, per M ft. b. rn 29.86 30,61 ' 31.71 1919 1919 : : ! 6f> 72 68 : 61 49 90 ; 46 : 59 50 1 -81.3 1 -55.2 -41.1 i -16.8 24 94 57 56 99 175 168 <?5 105 70 119 51 129 143 123 80 167 i 203 136 143 83 i 135 202 169 133 215 202 143 221 i +2. 6 !; +32. r, 174 -13.8 +27.8 149 ; +4. 3 ; +78. 4 -3.0 +23.9 +9.3 1922 / 157 179 ; 141 174 229 232 +27. 6 1922 1922 : 176 j 192 187 116 207 113 226 129 281 140 —3.3 + 12.7 1913 1903-13 123 72 114 85 110 89 89 99 -9.9 1920 1920 116 57 95 103 54 ; 57 106 55 113 53 107 55 1921 1920 105 64 98 62 102 60 102 60 103 62 1920 1920 116 42 99 , 36 ; 90 38 110 43 107 43 95 45 89 52 42 ; 41 13 73 21 76 20 69 19 — 1. 5 i —54.3 92; 140 | 39 71 66 123 83 144 79 134 • -5. 1 ; —14. 1 -7.1 -4.5 168 .165 112 82 104 63 + 24.5 , +59.3 +8.8 -24.7 : + 11. 5 + 20. 7 -5.5 -8.4 +12. 6 -10.6 +0.7 i -2.3 +2.5 -3.5 Wooden Furniture Household furniture and case goods: Shipments ....dolls, average per firm.. Unfilled orders dolls, average per firm.. Piano benches and stools: New orders dollars Unfilled orders dollars Shipments — Value ._ dollars Ouantitv pieces Flooring Oak flooring: Production M ft. b. m _ _ Shipments M ft. b. m Orders booked M ft. b. m._ Stocks, end of month M ft. b. rn_. Unfilled orders, end of month.M ft. b. in.. Maple flooring: Production M ft. b. m _ . Shipments Mi ft b m Orders booked M ft. b. in Stocks, end of month. M ft. b. m Unfilled orders, -end of month.M ft. b. in. . 43,208 54, 553 : 120,088 40, 120 ; 422,956 i 406,373 -3.9 -11.8 +4. 7 -4.6 +24. 2 38,121 57, 133 39, 961 46, 019 109,096 39, 536 i 116,809 86, 498 1,217,454 958,420 ; -21.3 1919 1919 135, 895 19,211 1, 181, 507 i 178,214 ; 957, 138 :; -19.0 148,465 -16.7 : 1919 1922 92 ; 145 i 381, 133 + 13.7 389,025 ! +21. 9 390,914 i +27.0 1913 1913 1913 1913 1913 O 518 501 429 481 459 659 494 800 461 i 502 520 693 541 633 554 473 626 633 707 568 457 497 555 -12.3 : +20.9 594 i -15.0 ! +24.7 755 +33.0 +52.9 + 1.7 ; +0.8 464 660 +33. 0 ! +27. 0 1919 123 1919 98 1919 66 1919 129 .1919 39 118 83 64 143 40 67 71 53 145 24 77 66 48 149 21 +3. 1 -32. 3 79 — 6. 1 —26. 1 61 59 '1• +21.9 -7.3 -0.6 , +3.5 148 +9.0 j -41.4 23 123,008 !! 116,728 19,751 18,356 42,253 42,497 34, 657 41,105 : 36,005 ; 37,064 35,721 : 46, 103 41,795 ! 47,883 : 30, 654 28, 651 30. 158 41, 407 37, 714 335,199 1 319,099 i 307,907 7,707 7,761 ; 6,864 ; 23,073 ; 8, 124 7.946 7,284 8,366 22,931 8, 859 11,813 9, 858 9, 022 22, ] 59 15, 129 129, 169 l 132,774 ! 122,633 j j | ' j 93, 198 ! -27.8 87,449 : -34.1 86,363 - 29. 6 ! s 74 71 67 155 26 Brick Clay fire brick (computed) : 94 96 114 102 -10.5 i — 4 . 9 677,019 ! 605,128 1 -10.6 : 1919 121 107 Production thousands 54, 498 57,924 51,830 96 -10.4 I -1.0 97 95 100 107 111 646, 588 i 572, 183 -11.5 i 1919 Shipments . . thousands 54,016 : 48,403 i 48, 902 +1.9 +27.4 Stocks, end of month thousands. . 230,369 I 234,835 184,389 i 1919 129 133 165 163 166 169 92 98 101 + 2. 5 +16. 1 87 1 90 93 New orders thousands.. 50,582 ' 51,865 ! 44, 681 636,791 | 571,200 i 10.3 i 1919 63 +5. 4 -3. 0 65 60 Unfilled orders, end of month. thousands. _ 67 63 55,598 j 58.581 1919 69 60, 372 Silica brick (computed): 1 90 +15.0 +33.2 78 69 69 150,190 i 151,682 +1.0 ; 1919 86 88 Production thousands .. 11,025 i 12,679 : 9,665 84 -17.0 +38.9 88 102 61 104 Shipments thousands 14,255 | 11,830 8, 514 151,308 | 163,192 i +7.8 1919 ; 80 i 84 82 +2.5 ; -20.0 89 Stocks, end of month thousands.. 1 1919 ! 102 105 96 34,140 i 34,990 43, 757 62 69 102 141 +38.4 1 + 126.4 64 76 154,504 j 157,703 | +2.1 i ! 1919 New orders thousands 13,742 ! 19,017 8, 398 44 +67.4 i -38.2 29 26 71 34 Unfilled orders thousands . 1919 71 10,663 j 17,851 : 28, 895 Face brick (32 identical plants) : +4. Production.. thousands . +4. 2 ; 1919 165 138 i 176 159 172 145 1 -15.8 ' 254,899 265,569 26,896 22,637 ; 21, 575 +6.0 1 +18.3 1919 194 200 i 224 217 224 237 Stocks at yards 10 thousands.. 55,002 !; 58,304 49, 303 i 83 -19.7 i -21.4 Unfilled orders, end of month. thousands. . 28,398 29, 002 "1919 , 116 105 137 106 103 22,791 243,560 i 245,833 i +6.9 ! 1920 162 128 : 187 169 165 130 -21.1 i +1.7 Shipments thousands . . 22,979 i 18,137 17, 836 b October, 1923. 9 Prices are averages of quotations reported as of the first week of the month following that indicated. 10 Represents stock of finished brick in yards and does not include formed brick in kilns as reported prior to September, 1923; current data are therefore not comparable to data prior to September, 1923; relative numbers, however, are strictly comparable, having been computed on a chain relative basis. 11 Relative to 10 months' average, March to December, inclusive. 38 TREND OF BUSINESS MOVEMENTS —Continued NUM K R I C A L DATA NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. or de- j[ Corresponding month, October or November, 1923 19 J4 October I November MONTH | '• 1923 1924 |i lative , ; 1924 I ; from 1 1 1923 ! Contd 1924 1923 l ' BUILDING CONSTRUCTION ; 1 f i ! • 14.00 26,294 91 29, 142 73,604 16 535 924 59, 490 13.50 I 27,078 89 22,833 73.846 10,839 1 . 620 45,840 i i i : 1 18. 00 1913 1 290 ! 274 i — • i i I I Brick— Continued. Prices, common brick: Wholesale, red, New York .dolls, per thous Paving brick: Production— \ctual thousands Relation to capacity per cent. _ Shipments thousands Stocks, end of month thousands Orders received thousands Cancellations thousands.. Unfilled orders, end of month., thousands... Per •em; increas or decre ise (-) RELATIVE NUMBEI RASE C U M U L A T I V E TOT \L (TettSO 1 YEAR FROM J A N U A R Y 1 j (—) ? OR ' T H R O U G H LATEST i CUniU- f PERIOD : In many cases December fiaures are now available and may be found in the special table on page 24 Pert.t. increase 200 j •—i i j 1 i ! j 213 1 213 o November, Novem- 1924, from ber from NoOctober vember, 1923 200 28,212 74 ... 21,089 j . _ . -25.0 +3. 0 -4 0 -20 1 +21. 0 -1-0 3 -34. 4 +75 } -23.0 i 77, 570 — 3. 6 12,001 812 04,43 r ) -4 x -14.0 — L'x ') i Floor and Wall Tile Production thous of <q ft Shipments, quantity... _ „ thous. of sq. ft.. Shipments value thous of dolls Stocks, end of month thous of sq fr Prices: Ceramic mosaic dolls per sq ft White wall tile(standard). dolls, per sq. ft.. 4, 700 4, 359 1 537 7,994 \ 0 24 0.40 \ Architectural Terra Cotta Bookings: Quantitv Value net tons thous of dolls 9, 974 1,064 10, 233 1, 143 1 22, 079 14, 790 127.960 ' i 13,830 i 13,141 10, 289 8, 927 1 2, 003 ] 27, 380 129,479 338,424 : +8.7 140,002 i +8.2 0, 073 ' -r 1 . 75 1.75 1 . 07 1.78 0. 800 3, 21 1 3. 000 1,891 5, 356 3, 287 3 997 2 416 i >:> 8, 909 ! 901 | +4.3 -0.5 1919 1919 j 174 ; 195 i 10.") I 212 ! 171 158 | 175 148 | 176 i 139 90 103 + 11.2 + 17.7 197 228 95 189 ; 193 228 ! 231 75 ! 54 171 139 80 -11.3 -39. 8 +47. 0 160 i 173 200 || 197 173 1 173 197 J 197 173 197 0.0 0.0 231 175 154 1 J53 111 i 93 07 55 -4L 1 -44.0 -42.5 132 154 | 155 110 113 137 120 : 127 152 ' 145 108 I -15.3 -6.0 130 -4-7. 3 +07. 2 217 214 ! 110 -1-14.3 -11.0 Portland Cement 14,820 17,081 Production. thous. of bbls Shipments thous. of bbls Stocks, end of month thous of bbls Price, Portland: Chicago district dolls per bbl Lehigh Vallev dolls per bbl Concrete paving contracts awarded: Total . .thous. of sq. vds Roads thous of sq. yds 10,251 0,991 : ! 1 1 74, 245 47,385 "•" 85. 184 ; : +14.7 53,440 +12.8 1913 1913 1913 174 ; 104 193 i 139 j 41 , 02 1913 1913 173 214 1919 1919 108 122 i 120 i i 90 i 124 i ; +4. 8 -.1.7 Roofing Preparing roofing: Shipments thous of roof squares Roofing felt: Production, drv felt ..tons Stocks, end of month, dry felt tons.. 29,210 : +2.0 1919 145 191,094 +7. 7 1923 1 923 111 : 190 81 81 1,003,084 1,073,825 ; ; +7.0 1,008,880 1,004,627 j -0.4 1919 191 9 1919 329 ; 203 ; ; 298 302 ! 271 72 i 89 !: 150 i 102 ; 211 111 153 124 : ! 130 [ 127 121,741 69,412 108,631 1,214,721 1,239,538 i +2.0 1919 1919 1919 323 37 179 1 1 7, 222 67, 265 1.251,799 1.344,720 ! +7.4 120,486 1,399,303 1.233,232 -11.9 1919 1919 1919 259 ! 215 212 203 40 53 ' 131 , 157 101 i 137 117 105 800,917 +20.9 1919 1919 1919 585 28, 400 20. 445 17, 834 17,327 1 6, 660 16,153 178,051 number . number.. number . . 93. 878 88, 980 77, 361 75, 075 90, 112 77, 008 91, 128 37, 342 86, 634 number number. . number.. 105, 497 161,474 93,415 85, 790 171,999 82, 705 . number.. number ... number _ 114,710 215,939 95, 717 91,025 228. 438 91,340 9, 963 Sanitary Ware Baths, enamel: Orders shipped.. _ Stocks, end of month Orders received . . .... Lavatories, enamel: Orders shipped Stocks, end of month Orders received Sinks, enamel: Orders shipped.. .. Stocks, end of month Orders received Miscellaneous, enamel: Orders shipped Stocks end of month Orders received . .. ..... Unfilled orders, end of month: Baths Small ware number number . number. number number 71,508 158 351 55, 261 50. 7 1 0 151 075 48^ 674 79, 444 06 332 04, 870 174. 127 9 61,388 47 294 03, 824 J, 343, 303 1 1, 135, 894 ' — 15. 4 031.012 097, 940 708.108 ; 190,019 +1.5 '2 1921 12 1921 i 724, 570 231 187 1 1 6 123 127 112 — IN. 7 +0. 5 ' + 147! 8 ~ ] 1 . 4 -23. s 210 172 109 108 182 104 -20. 1 -21.x +5. 8 + 239. 0 238 1 210 2iO ' 265 I 252 00 1 59 143 165 ! 198 150 ! 132 ' , 141 ! 149 ; 132 179 190 110 — 29. 1 -17.4 -4.2 +220. 7 -11.9 379 323 ! 195 202 ' 222 i 100 159 135 -18.3 -15.0 200 I 228 50 107 148 132 475 i 400 1 583 : 501 225 ] 05 127 +L3 -0.4 — 24. 2 - 05. 9 — 7';. 0 CHEMICALS Acetate of lime: 9, 803 Production thous. of Ibs.. 1 1 , 883 Shipments or use thous of Ib^ 14,997 Stocks, end of month thous. of lbs_. Mcthanol: 539. 333 Production gallons Shipments or use gallons _. 021,412 Stocks, end of month gallons 1 520,678 Wood at chemical plants: 57 624 Consumption (carbonized) cords 625, 592 Stocks end of month cords Imports: Potash long tons 30, 525 Nitrate of soda long tons. . 70, 454 fc October, 1923. 137,899 134,913 108,279 90,835 -21.5 -28.2 1922 1922 1922 i fc GOO, 304 «> 732,399 2 851,938 7, 212, 548 0, 358, 089 5,804,509 5,871,009 -19.5 -7.7 1922 1922 1922 117 133 ! 1 115 140 i 104 i 99 819, 094 027,807 —23.4 1922 1922 200, 133 801,230 190,743 925,330 -4.0 +35.5 1909-13 1909-13 fc 74, 130 «> 822, 502 27, 807 05, 604 124 ! 141 78 i 92 1 103 | 80 1 52 54 i 54 1 <> 12,973 f> 12,628 *» 18,549 14,500 30, 450 12 81 ! 73 ! 49 | 94 87 42 78 ! 82 91 82 04 i 59 95 98 50 78 68 90 66 106 ! 69 !l 45 ! 92 132 71 ' ; 143 i 158 145 103 115 87 ; 128 !; 73 87 ii 67 i Average of 8 months, May to December, inclusive. . i 132 8.7 +92. 1 -0.8 + 115.6 39 TREND OF BUSINESS MOVEMENTS—Continued N U M E R I C A L DATA NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations \vith sources are also given in that issue. Corresponding month, October or November, 1923 19 24 In many cases December figures are now available and may be found in the special table on page 24 November October C.UMVLATI V'E FROM J THROLTi H MONTH 1923 ( or~V decrease |;i YBASK EAR 1 (-) OR cumu- PERIOD lative 1924 from 1923 TOTAL LATEST 1924 Per cent increase (+) or decrease (— ) RELATIVE N U M B E R S Per ct. increase | No1 veinNober, vein- ! 1924, ber 1 from from | NoOetoberi vem' her, I 1923 1924 19 23 fc£ 3 Z ^ I I I CHEMICALS— Continued Exports: Sulphuric acid thous of Ibs Dyes and dyestuft's. ...thous. of dolls__ Total fertilizer -- ... long tons .. Price index numbers: ("rude drugs index number Essential oils index number Drugs and Pharmaceuticals index number Chemicals weighted index number Price sulphuric acid 66° N Y" index number 849 597 102,371 531 478 85, 133 842 543 78, 366 i 7.874 5, 837 1,045,043 .. || 206 135 206 139 206 134 210 142 212 142 222 148 +4.7 j +7.8 +4.2 | +6.5 1914 -. j! 1913 158 165 155 165 75 153 163 70 157 153 70 156 loo 70 157 155 70 +0.6 : +1.3 0.0 • -6.1 ! "" 0.0 i -6.7 1922 1922 1922 1922 122 119 124 115 110 108 114 116 110 110 116 99 121 119 124 100 133 126 126 112 110 108 112 112 -17.2 -14.4 -11.1 +0.9 191Q 1919 218 119 174 126 266 140 225 170 168 134 164 166 -2.8 i -6.3 +23.8 i +31.3 1919 1919 206 147 190 158 223 137 202 136 166 114 188 114 +13.0 j -1.0 0.0 ; -27.8 -2() 2 1913 +30.2 1 1913 13 164 22 156 224 4 216 9 191 34 260 +266. 1 ! +50. 9 +35. 8 +66. 1 1913 1913 186 179 186 203 131 134 159 170 166 162 141 144 -14.9 ! -24.1 -10.9 ; -29.0 of Ibs of Ibs of Ibs of Ibs 41, 030 39, 236 36, 554 18, 194 33, 973 33, 591 32, 513 18, 355 33, 800 33, 683 32, 914 18,810 410, 010 407, 777 392, 991 373, 673 379, 665 362, 138 -8.9 I -6.9 1 barrels barrels 25, 637 41, 587 24, 924 51, 489 \ 26, 580 39, 221 290, 866 282, 526 9 q barrels barrels 92, 962 228, 614 105, 007 228, 673 106,088 316,820 1,051,884 989, 089 -(> 0 thous. of Ibs thous of Ibs 2, 669 40, 924 9, 770 55, 582 6, 473 33, 462 49,545 582, 420 39, 555 758, 207 thous of Ibs thous. of Ibs. . 20, 054 19, 217 17 062 17,115 22 483 24,101 203 921 205,713 211 390 209, 875 thous. thous. thous. thous -23.4 1914 1914 Explosives Total explosives: Production Shipments Sales Stocks -0.8 : +58.6 —9.0 ]! +1 :-;. 6 -7.9 87 139 304 138 137 58 +31. 1 1909-13 -2.1 1909-13 ^1849 1653 2414 1604 2063 1878 74 99 76 82 85 02 -6. 3 : 1909-13 10,324 5,714 979, 224 i +0.5 ! -0.3 j -1.2 ! -2.4 NAVAL STORES Turpentine (3 principal ports): Net receipts Stocks, end of month Rosin (3 principal ports): Net receipts Stocks end of month , FATS AND OILS Total vegetable oils: Exports Imports Oleomargarine: Production Consumption . + 37 +2 0 1 i Cottonseed 855, 128 1, 184, 803 Cottonseed stocks end of month tons Cottonseed oil: Stocks, end of month . . .thous. of lbs_ . 82, 808 106, 795 210,341 Production thous. of Ibs 231,359 .113 Price, New York dolls, perlb.. .110 Flaxsecd Receipts: Minneapolis Duluth Shipments: Minneapolis Duluth . . . Stocks, end of month: Minneapolis _ .. Duluth Linseed oil: Shipments from Minneapolis Linseed oil-cake: Shipments from Minneapolis 803, 947 1M1<) 144 157 18 74 169 231 + 38.6 ^ +47.4 140,658 178.402 !l!8 847, 085 1919 1919 1913 99 177 165 146 164 162 9 16 193 46 83 150 86 190 1 55 mi 209 151 i +29.0 i -24.1 +10.0 j +29.7 -2.7 -6.8 1 , 255 1, 531 9, 53 1 6, 665 10, 725 + 12.5 : 14, 785 +121.8 1913 1913 196 235 133 148 28 3 245 130 388 636 271 572 -30.2 +103.3 -10.1 :+286.9 1.474 4, 1 98 3, 460 +134.7 13. 233 +215.2 1913 1913 253 143 162 64 21 10 495 89 880 430 297 576 1 -66.3 ! +83.0 +34.0 ;+805.4 1913 1913 215 64 329 23 3 38 91 82 1.27 j 65 +39.2 -61.5 -19.7 ; + 187.2 — 1.5 1913 110 103 58 122 -4.0 1913 80 88 53 97 +34.8 1909-13 1909-13 1909-13 1913 157 130 92 116 102 177 330 450 127 j 295 -34.4 +26.2 +63.1 I 1913 1913 1919 1919 132 247 129 95 138 331 118 88 128 61 295 265 148 41 261 294 161 159 279 362 176 i 235 192 252 +9.3 ! +28.3 +47.3 ; -29.1 -31.3 ; +62.7 -30.4 |+184. 8 1913 1913 131 111 120 108 149 133 148 136 163 155 168 ! 160 +2.9 !! +40.0 +3.0 +48.4 thous. of bushs. _ thous. of bushs 3, 655 6, 587 2, 551 5, 923 | thous. of bushs.. thous. of bushs 1,374 4,723 463 6, 329 253 699 thous. of bushs thous. of bushs 212 2, 243 295 1,801 767 627 thous. of Ibs 18, 564 M6, 778 thous of Ibs 90 981 b 24, 071 98, 208 153, 805 943, 999 + 11.4 96, 727 147, 589 | 31 FOODSTUFFS Wheat | Production, final estimate: * | Winter... thous. of bushs_. . . Spring . thous. of bushs Total thous. of bushs Exports, including flour thous. of bushs 53, 538 Visible supply: United States thous. of bushs _ _ 96, 528 52, 099 Canada.- ._. .. thous. of bushs . Receipts, principal markets, .thous. of bushs. . 88, 022 Shipments, prin. markets thous. of bushs.. 72, 066 Prices: No. 1, northern, Chicago .dolls, per bush__ 1,486 No. 2, red winter, Chicago. dolls, per bush_. 1,528 590, 037 1 571, 959 282, 636 225, 422 872 673 797 381 35, 102 12, 147 105, 533 76, 740 60, 503 50, 151 82, 269 108, 193 37, 192 17,612 1, 529 1, 574 1,092 1,061 41, 520 9,087 710, 958 59 43, 606 9, 403 783, 669 59 158, 928 359, 955 199, 946 21 4, 282 454, 237 326, 040 ! 134 i mI ' -4-3. 2 i +25 4 i +9 4 ; + 189.0 Wheat Flour (Jturcau- of the Censiis) Wheat, ground thous of bushs Production, wheat flour. thous. of bushs.. Production, grain offal thous. of Ibs.. Per cent of capacity operated per cent.. b October, 1923. 51,855 11,369 977, 245 65 1 ... 1 j(_ .. __j _ i> Final crop estimate made as of Ihe first of December. ; j : 19 9 -20.1 27 2 —9. 2 ! 48 -3.4 9 3 0. 0 40 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. In many cases December figures are now available and may be found in the special table on page-24 NUMERICAL DATA i or de| _, CUMULATIVE TOTAL crease i ^orreFROM JANUARY i ! 4 | spending THROUGH LATEST cumuI month, MONTH i lative i October 1924 ! or No" i from 1 vember, 1923 NovemOctober 1923 1924 I 1923 ber i \'. Percent . increase (+) [i or decrease (—) RELATIVE NUMBERS Per ct. increase i BASE 1 YEAR i OR j PERIOD !' 1923 1S24 NO- : vernber, 1924 from ] isjQ." ilOctober: vem: i !. ber, ^o vem- x i! : 1923 FOODSTUFFS-Continued Wheat Flour—Continued (Russell's Commercial Neivs) Production thous. of bbls_ _ Consumption ... . thous. of bbls Stocks, all positions thous. of bbls .. Wholesale prices (Dept. Labor): Flour, standard patents, Minneapolis dolls, per bbl Flour, winter straights, Kansas City dolls, per bbl 13,404 31,107 9,100 11,665 ! 11,468 !i 7,700 11,524 ; 10,366 !' 7,900 8, 013 8, 163 6,038 6, 669 6, 870 114,983 100,873 - 121,556 106,068 +5. 7 +5.2 1914 1919 1919 129 i 119 133 127 8-1 90 122 130 80 142 137 92 1913 135 132 164 162 140 136 162 158 113 26 16 29 10 110 155 98 ' 116 153 , 133 19 50 129 122 153 19 58 143 135 152 187 186 i 177 1913 5,213 ; +1.2 -10 6 —2.5 138 ; 1 2 0 i; j -13.0 +3. 3 136 ]41 82 ' _15,4 96 175 178 • 173 179 J +1. 9 +35. 2 +3. 0 +31. S Corn Production, final est.1..mills, of bushs. . Exports, including meal thous. of bushs__ Visible supply thous. of btishs Receipts, principal markets. -thous. of bushs.. Shipments, prin. markets thous. of bushs. _ Grindings (starch, glucose).. .thous. of bushs.. Prices, contract grades, No. 2, Chicago dolls, per bush 729 , 8,497 19, 511 11,826 6,926 2,436,513 : 3,053,557 i 932 ' 8,072 ; 15, 223 7,126 5,433 1,105 1.130 1,097 3,254 23,199 10,269 5,576 i ' ' ' : 42,506 19,595 -53.9 235, 047 152.010 60,492 249, 195 159,028 69,825 +6. 0 +4. 6 -f 15. 4 1909-13 i 1913 ; 1913 1919 1919 1913 .842 1913 ! 162 135 ' ' : ! 17 76 130 134 165 -20.2 +27.8 . -15.0 —5 0 '+14a 1 102 , -22.0 •' -34,4 81 -39.7 -30.6 -2. G 130 -21.6 90 22 181 4-2.3 -J-34 2 Oilier Grains Oats: Production, final est.1 mills, of bushs.. Receipts, principal markets thous. of bushs.. Visible supply thous, of bushs Exports, including meal.. thous. of bushs... Prices, contract grades, Chicago dolls per bush Barley: Production, monthly est.i thous. of hushs._ Receipts, principal markets . ....thous. of bushs.. Exports .thous. of bushs.. Price, fair to good, malting, Chicago dolls, per bush.. Rye: Production, final est.1 thous. of bushs , Receipts, principal markets thous. of bushs... Exports, including floar.-thous. of bushs., Price No 2, Chicago dolls, per bush 1,541,900 ! 1,305.883 ; 39, 149 C2, 564 2, 735 18, 620 04, 205 1, 366 18, 298 18, 686 I 1,179 . 52^ 524 . 442 12,296 5,315 .DOS 187,875 ; 197..691 i 7,258 :i 2,710 4,493 ' 264 i .854 17,708 10,927 1,275 244,816 + 11.5 10, 472 7, 159 -31.6 ' 63,077 ! 8,932 | 1,323 1 1,312 j 3,534 ! .981 ! .708 •: -t- IS. 1 139 . 118 38 88 133 107 •. 65 39 7 269 276 22 189 382 91 90 386 45 -52.4 -j-1. S +1. 1 +200. 0 -50.1 , +15.9 1913 ( 118 139 139 140 42 96 154 134 136 364 235 185 136 139 145 138 115 117 1909-13 i 41,021 11,429 57,078 15,978 +39.1 +39. 8 . 656 63,446 ; 136 1913 1913 1913 /1909-13 219,559 109 ._... 1913 1913 67 98 1913 108 50 18 105 1909-13 61. 165 36, 124 +45.1 i! +17. 3 1 5 102 407 5 417, 589 293, 137 41,433 15,668 ! 254, 133 232,129 | 196, 995 2,049,276 • 2,338,885 +15. 3 i +14.1 42^163 30, 798 140 181 1913 1913 1913 265 352 113 ! -4-o 4 273 366 1104 1368 633 ;1 966 7470 7050 111 144 160 200 -5.0 J 103 i -J-iH f> -41.0 +61.5 -49.0 +926.5 ! +31.7 182 • J-0. 6 690 854 206 -49.6 i + 152. 7 -87. 9 +34. 9 +2.9 ' +85.3 -4.8 Total Grains Total production final est i mills of bushs Total grain exports, incl. flour ..thous. of bushs.. Car loadings of grain and grain products. cars.. 73,243 276,188 Argentine Grains Visible supply, end of month: Wheat thous. of bushs Corn thous of bushs i Flaxseed thous. of bushs . 4, 810 12, 400 2, 200 Rice Production final e^t i thoiis of bushs Total movement to mills sacks or bbls ;2,491,659 Paddy at California warehouses: Shipments sacks i 308 866 Southern paddy, receipts at mills bbls.. '2,182,793 : Shipments: Total from mills ..pockets (100 lbs.)_. ! 1,303, 227 New Orleans . pockets (1001bs.)_. 300,075 Stocks, end of month: Mills ard dealers pockets (100 Ibs.) '1,567,621 11,918 Imports pockets (100 Ibs.) Exports ..pockets (I001bs.)_- 89,679 2,960 3,200 ! 800 i 114 i 108 i 75 ; 120 117 116 | 140 261 200 353 163 ! —5.8 108 200 -43.4 ' + 164.4 137 ! -16.0 ! +17.8 1913 1913 1914 143 114 ! 286 114 i 92 i 458 165 110 i 495 229 389 412 186 355 302 186 309 247 1909-13 14] ' 0.0 ! +62.5 — 12.9 '.-4- 237. 5 -18.2 i+125. 0 , ! 33 956 i 6 33 717 1,537,770 • & 25 489 •1,905,168 '1,911,515 6,950,017 : 7,516,404 1,300,775 1,236,100 307, 721 339,350 7, 426, 725 2,477,925 ;2, 265, 121 1,734,533 26, 708 14,855 184, 092 ; 21,642 ; 1 142 ! +0 7 I +8.1 1919 7, 362, 637 1,728,226 -0.9 -30.3 1919 1919 452,644 i 353,292 3,064,510 : 1,077,242 -21. 9 -64.8 1919 1919 1919 : • 248 314 ji 52 156 358 313 ! -12.7 158 93 202 121 121 h 1 109 91 213 118 213 133 118 6 79 12 9 193 9 29 279 ! +44. 5 +30. 6 11 i 4-24.6 ' -44.4 -75. 9 -88. 2 i! -6.3 -0. 2 +5. '1 + 13. 1 +10.3 ; 59 214 j i 49 20 ii 18 59 ij 8 -11.5 356 655 115 i j !! 521 !l 371 !! 43 102 i 40 195 287 529 388 280 +34. 9 —25. 5 -47.0 : -24.4 129 151 207 75 ?,?,?, 261 165 ' -36. 7 ; +9. 7 58 78 209 + 170. 2 +1. 4 71 79 67 . -14.8 -10.6 136 217 135 -37. 9 Other Crops Apples: Production, final est.1 Cold storage holdings (end of month) Car lot shipments Car lot shipments: Potatoes Oriions Citrus fruits Hay, receipts 4, 810 10, 800 1, 800 1909-13 1913 1919 thous. of bbls thous of bbls '1 carloads 5 573 35,937 carloads . I 32,524 4,545 ' . carloads- ! 4,185 carloads ; 95, 037 tons. October, 1923. 179,443 202, 842 1909-13 7 519 19,045 10 099 25, 187 20,191 2,876 11,307 81, 001 19, 400 2, 622 11,149 90, 646 115,468 i i 216,064 i 23, 899 ! 88,456 ! 841,455 102,040 -II. 6 1919 1919 229,380 28, 151 91,551 885,770 +6.2 +17.8 +3.5 +5.3 1919 1919 1919 1919 1 i i 223 274 100 r 73 1 106 !| 138 :l 71 l| 54 i Final crop estimate made as of the first of December. +4. 1 41 TREND OF BUSINESS MOVEMENTS—Continued NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. Per ct. i increase (+) i or deBASE CUMULATIVE TOTAL crease YEAR I CorreFROM JANUARY 1 (-) OR sponding THROUGH LATEST cumu- PERIOD | month, MONTH lative i October 1924 or Nofrom vember, 1923 1923 1924 1923 1924 In many cases December figures are now available and may be found in the special table on page 24 October N ^m' Per cent increase (+) or decrease (— ) RI:LAI I YE NUI\ IBE]IS NUM ERICAL DATA 19 23 ! I Novem- ! ber from October i 1924 j ti; 3 o ts c £ 1919 1919 1919 1919 136 155 178 120 106 127 142 97 94 92 70 96 1913 1919 1913 156 116 104 139 135 99 ! 102 89 106 a O £ 125 130 132 115 133 150 171 126 115 123 125 111 146 111 120 167 122 123 I O i Nov ember, 1924, from November, 1923 FOODSTUFFS-Continued Cattle and Calves Cattle movement, primary markets: Eeceipts thousands Shipments, total thousands. _ Shipments, stocker and feeder. thousands.. Local slaughter thousands.. Bcef products: Inspected slaughter product thous of Ibs \pparent consumption thous of Ibs Exports thous. of Ibs Cold-storage holdings (end of month) thous. of lbs._ Prices, Chicago: Cattle corn-fed dolls per 100 Ibs Beef, fresh native steers dolls, per lb_. Beef, steer rounds, No. 2 dolls, per lb__ 2, 737 1, 339 1, 751 1, 432 21,407 i 9,274 i 4,201 12,017 1 21,519 8,873 3,657 12,584 -13.7 +S. 3 -18. 1 -3. 1 -26.9 -12.0 -11.5 +14.6 2, 363 1, 096 549 1, 267 2,182 1,131 624 1,106 551, 766 515, 864 16, 763 14,417 * 514, 441 & 487, 199 12, 086 67, 165 100, 336 93, 166 1919 27 21 20 28 9,500 172 136 9, 156 183 129 9,844 175 136 1913 1913 1913 123 135 118 116 112 135 ! 127 104 129 106 127 122 112 133 104 108 141 98 3, 990 1,469 56 2,525 4,904 1,760 40 3,132 5,416 1, 779 70 3,657 49, 509 ] 7, 233 774 32, 257 48, 859 17, 933 460 30, 853 -1.3 i +4.1 i -40. 6 -4.4 ! 1919 1919 1919 1919 129 140 135 123 145 ; 86 149 5 102 93 33 144 I 80 86 105 47 77 108 123 75 100 131 147 53 124 7, 333, 409 5, 738, 262 1, 70S, 740 7, 068, 802 5, 865, 381 1, 574, 856 -3.6 ! + 2.2 -12.4 1913 1919 1913 149 180 | 193 183 i 115 166 i 139 194 165 103 146 140 118 166 162 112 ! -30. 9 ! -42. 3 1919 | 59 91 70 48 50 +4.7 \ -24.5 1919 1919 150 120 174 1 138 117 ! 120 118 104 121 96 148 77 +22.2 i -14.8 -19.2 ; -33.8 39 38 ' 135 91 34 38 93 132 121 85 i us 126 134 128 i 130 118 134 131 129 130 150 115 123 139 153 202 258 i 93 80 : 89 90 ; 84 93 74 93 134 155 168 104 145 187 249 97 85 99 93 108 96 110 4,262,387 4, 182, 260 153, 529 4,347,776 4, 259, 831 150, 106 +0.5 -4.3 -12.9 +4.7 +2.0 +1.9 ! -2.2 j "I" /::.." r~: ." 106 -14.0 j +19.3 1 39 +49. 4 +7. 7 -3.6 ; +6.4 l -5. 1 : -7.0 +4.6 -5. 1 Hogs and Fork Hog movement, primary markets: Receipts thousands. . Shipments, total thousands Shipments, stocker and feeder. thousands.. Local slaughter thousands. . Pork products, total: Inspected slaughter product thous of Ibs Apparent consumption thous. of Ibs. . Exports thous. of Ibs.. Cold-storage holdings (end of month) thous. of Ibs Lard (included in pork products): Production .. thous. of lbs__ Exports ....thous. of Ibs.. Cold-storage holdings (end of iponth) thous of Ibs Prices: Hogs, heavy, Chicago. .dolls, per 100 Ibs. _ Hams, smoked, Chicago dolls, per lb._ Lard, prime contract, N. Y. dolls, per l b _ . h 560 043 632, 682 132, 686 91, 730 711, 355 *> 693, 845 158, 908 441, 950 462, 534 612,813 106, 781 60, 813 130, 470 49, 120 153,212 1,724,475 74, 251 ; 986, 802 31, 566 35, 042 35 327 1919 10, 781 216 165 9, 581 205 153 7, 131 207 141 1913 1913 1913 1,879 1, 154 676 | 540 1,816 i 1,094 ! 540 777 i 20, 526 11,043 4, 324 9, 461 20, 596 11,043 4,474 9,301 +0.3 0.0 +3.5 -1.7 | I 1919 1919 1919 1919 37, 733 i 39, 651 ! 370, 521 377, 516 371, 875 381, 115 +0.4 + 1.0 i 1913 1919 1, 737, 880 ' 867, 210 +0.8 ! I i 67 1 +22.9 + 19.8 -28.6 +24.0 + 11.0 i ! ! i -9.5 -1.1 -42.9 -14.4 -0.8 -11.1 ! +31.4 -5. 1 ; -1.9 -7.3 i +8.5 Sheep and Lambs Sheep movement, primary markets: Receipts thousands Shipments, total thousands Shipments, stocker and feeder-thousands.. i Local slaughter thousands.. Lamb and mutton: Inspected slaughter product thous of Ibs Apparent consumption thous. of Ibs.. j Cold-storage holdings (end of month). thous. of Ibs.. Prices: Sheep, ewes, Chicago ...dolls, per 100 Ibs.. Sheep, lambs, Chicago. .dolls, per 100 Ibs.. 43. 566 42,830 Poultry • Receipts at five markets Cold-storage holdings (end of month) thous. of Ibs.. j thous. of Ibs.. 3, 295 2,267 1, 441 1, 020 b b 3, 193 3, 432 2,014 5, 813 13,438 6,331 13, 344 5 656 12, 275 27,344 62, 029 57, 819 55,430 87, 975 63, 274 Total catch, prin. fishing ports. .thous. of Ibs..; 20, 215 Cold-storage holdings, ISthofmo.thous. of Ibs.. i 66, 754 Canned salmon, shipments .. cases 1,085,539 14, 040 70, 398 ! 265, 751 280, 555 i 87 101 83 i -43. 0 i +3. 5 95 ! -49.1 ! + 0.0 117 i -53. 1 , + 2o. 2 51 -47. 1 j -30. 5 1919 24 24 41 +7. 5 i +70. 4 1913 1913 i 113 ! 164 121 158 127 170 115 169 124 135 172 | 171 +8.9 ; + ] ] . < > -0.7 +8.7 138 292 92 100 138 rt ^ 98 52 62 86 136 +58. 7 ! +39. 0 115 101 90 103 115 80 115 116 92 | 108 : si -30.5 ; -10. 1 +5.5 : +10.9 1919 113 120 153 ! 177 246 266 119 i 114 170 161 257 -3. 7 i +1. 0 -5. 8 i +5. 3 1919 +5. 6 j 78 91 : 1919 1 \ 31 39 313 +126.8 i +7.3 Fish Dairy Products • Fluid milk: i ReceiptsBoston (includ. cream) .thous ofqts_.| 15,506 Greater New York thous. of cans.. 2, 550 Production, Minneapolis thous of Ibs 18 343 Condensed and evaporated milk: 178, 402 Stocks thous of Ibs Exports (case goods) thous. of lbs_. 22, 600 Consumption and distribution by milk plant 1 (Dairymen's League, N. Y.): Total milk consumed or sold.thous. of Ibs.. 173, 144 Fluid milk sold thous of Ibs 102 503 Milk consumed for'manufacture of: Soft cheese, ice cream and condensed milk thous. of lbs_. 33, 570 Milk chocolate and milk powder thous. of Ibs 26, 815 Butter thous. of Ibs.. 7,794 American cheese thous. of Ibs. . 2.463 *> October, 1923. 6 15, 624 63, 458 962, 709 ISO, 155 188,533 14, 783 i 2, 282 & 16, 684 169, 894 27, 198 178, 382 176, 472 27, 463 219, 841 + 1.0 ; ; 1913 +23. 2 i 1919 121 161 234 190, 407 22, 181 164, 494 195, 167 +18.6 1920 1919 97 25 88 31 203, 513 » 92, 303 2, 495, 512 975, 732 2, 286, 573 1, 015, 179 -8.4 +4.0 i 1922 1922 67 82 » 38, 826 521, 729 490, 314 -6.0 i 1922 462, 012 251, 575 67. 495 ; 1922 1922 1922 +4. 7 i 1919 1919 114 i 14, 936 j 2,403 : 158, 276 15, 124 6 6 45, 446 i 6 20, 559 ! *>6.379 ! 699, 331 217, 334 81. 384 +3. 9 ; -33.9 : +15. 8 : -17. 1 ! 121 167 254 111 22 93 28 83 32 50 i 74 68 88 62 88 57 91 52 43 i 61 51 45 77 60 28 35 27 ' 20 i 76 34 26 56 38 22 46 23 11 -11.3 ; -16.9 -33.1 : -31.8 73 21 I TREND OF BUSINESS MOVEMENTS—Continued NOTE. — Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in t h a t issue. N U M E R I C A L DATA | 19',, •* r many cases December figures are now available and may be found in the special table on page 24 October ., CUMULATIVE :: ^orre- | i i spending; i month, , i October ; : or No- i Vnvom ' i veniber, j 1923 ; her 1 TOTAL FKOM J A N U A R Y i THROUGH LATEST MONTH \ lim 19 4 : ' RE LATIVE \ U M BBE RS Per ct. increase (+) or decrease (-) cumulative 1924 from 1923 Per c ent increas e ( + ) or decree se (-) ; BASE YEAR i OR 19', 3 ! Y, November, 1924, from November. 1923 80 -11.0 19 U i PERIOD > c , No! vein- 1 ber i from October' bib 3 Y. < 90 152 125 •J2 j FOODSTUFFS -Continued Dairy Products— Continued Butter: Receipts, 5 markets tlious. of lbs_. Cold-storage holdings, creamery (end of month) t hoi is. of Ibs _ Wholesale price, 5 markets, .dolls, per l b _ . Cheese: Receipts, 5 markets thous. of Ibs Cold-storage holdings, American (end of month) thous. of Ibs Wholesale price, 5 markets, .dolls, per l b _ . Eggs: Receipts 5 markets tho'i^ of Ibs Cold-storage holdings (case.). thous. of lbs._ 1 50.417 30,770 41,310 13"), 251 385 100, 743 418 51, 508 511 17, 804 14, 900 16,870 07 651 197 58, 718 ' 202 ! 55 105 248 ; ,^, 407 3, 101 ; 568 j 4,028 ; Sugar Raw: Imports long tons 242, 353 3-73 907 Meltings, 8 ports long tons Stocks at refineries 82 899 (end of month). . . . long tons.. 5,388 Refined, exports long tons . . Cane, domestic: 103 Receipts at New Orleans.... long tons, . Prices: Wholesale, 96° centrifugal, N. Y ' _ dolls, per lb._ . 000 Wholesale refined, N. Y dolls, per l h _ _ . 073 Retail, average 51 cities-- index number. Cuban movement: Receipts at Cuban ports. long tons.. 85,762 195,083 Exports long tons Stocks, end of month .long tons.. 145,422 Coffee Imports Visible supply: World United States.. _ Receipts, total, Brazil Clearances: Total, Brazil, for world Total, Brazil, for U. S thous. of Ibs 133, 497 010. 450 205,857 37,805 .058 ' ' . 073 i .073 . 087 43,574 M 148, 980 :! 41.400 ! 110,349 ' 1<<7. 28S 3, 192.840 3.978,342 '\ 190.390 ! -4 2 103,20! '• 9,920 3, 411,380 83151 3,405,474 31. '>40 i 104,947 1,204,059 thous. of bags. . .thous. of bags thous. of bags 5, 734 772 1, 536 5,061 : 803 ' ! 1,249 1 4,094 884 1,189 thous. of bags_. thous. of bags.. 1.730 ' 827 1,210 ;' 608 : i 1,371 i 748 thous. of Ibs 1 1, 794 10,751 ! 14 U ! — 10 (i 3, Hi. I l l ) 4. 4W l l s t-Hj 9 — 11 4 195, 711 0 3 ( ) \ 927 3. 933, 102 3,890,418 1, 302, 456 100 1°19 1 58. 189 ! 3.000 i 12,950 i j I ; 10. 128 • 155, 101 ,| 103,211 288,073 i 288,031 34.972 1 1.843 '! O'O, Mh ; -01 3 110 1910-20 1919 1J5 -. 81 • 91 80 276 Go 276 239 58 i 65 1919 i -0 ; 104 123 114 i 109 1<W 20 | ICo 147 ; 204 1919 83 | 80 ; 64 195 05 181 64 i91'{ 1'UO 20 icn> 1919 178 i -25. 5 +8.6 '; -18^2 70 92 i -10.3 89 252 73 \ 214 62 39 i -37. 0 89 ! -41.4 1 59 118 ! 1 53 138 175 130 138 100 88 ! -30. 0 89 ; -11. 1 61 237 94 ! 104 1,324 102 830 87 182 37 : —57.8 -39.9 02 -65.8 ; 1 93 89 1 19H 6 3 1 78 ! j 217 i 208 154 1913 1913 | 210 ! 203 i 155 193 1 187 149 1933 170 167 156 172 171 160 100 170 160 21 , 75 ; 13 : 50 97 07 54 103 42 26 60 13 40 0 176 153 : 1919 1919 1919 j 70 ! 48 191 \ 1 10 1919 1909-1* -Ho. 3 ' + 14.2 | "11.0 157 i -13.2 i +0. 0 65 ! +2- 5 ! — 1 X. 5 V) • 234 187 3 ; 20 i 5 -3.3 0.0 0.0 1 -17. S — 23. 0 — 4. 9 0. 0 — 20. 5 — 16. 1 -34.4 — 49 2 +339. 3 -23! 9 1 + 79. 2 +32. 7 -12.8 +3. 0 1909-13 150 110 45 '. 40 44 51 48 i 53 132 125 161 48 £ 48 • 43 ; 47 i 42 161 131 ; 183 i 138 147 240 ! 190 . 144 143 181 175 210 122 : -30. 1 170 i 1 -19.2 1909-13 173 | 149 105 110 143 130 —5. 5 +9. 2 | ' 1913 1913 113 j 103 484 414 91 487 96 484 101 501 95 413 -0. 5 1913 98 95 99 103 82 j i -20.6 -9.5 1909-13 1913 1919 1909-13 149 529 100 144 171 111 496 i 405 120 41 148 ; 120 121 449 83 119 181 361 101 137 -19.5 146 !; 434 ; .+20.4 80 \\ —20.6 125 j| -8.7 -14.9 -12.4 -32. 9 -16.0 1913 212 212 186 186 186 0.0 — 1 2. 5 9,783 13,248 +35.4 1913 1913 1913 12,800 0,747 12, 964 6, 459 + 1.2 -4.3 1913 1913 93,405 83, 718 — 12. 2 218 -1.3 i +20. 0 +4. 0 -9. 2 -18.7 + 5.0 -11.7 -10.7 Tea Imports 12,722 TOBACCO Consumption (tax-paid withdrawals): Large cigars _ . millions Small cigarettes millions Manufactured tobacco and snuff thous. of Ibs Exports: Unmanufactured leaf thous. of Ibs. . Cigarettes millions Sales of loose-leaf warehouses thous, of Ibs.. Production (final crop estimate) .mills, of Ibs.. Price, wholsesale, Burlev good leaf, dark red, Louisville dolls, per 100 Ibs.. 035 0, 488 001 ii 5,350 051 ! 5,301 | 38, 043 30, 210 33, 380 50,821 097 83, 090 1, 301 45,722 ! j 839 03,993 ; 1,243 ii 53,734 958 98,317 1,491 24. 50 24.50 , i 28.00 j i i i 0,508 00,023 0, 147 • 05, 507 385, 808 384, 104 441,499 11,250 409,843 531, 520 i +20.4 9, 754 -13.3 411,589 ! +0. 4 1 TRANSPORTATION River and Canal Cargo Traffic Panama Canal: 2,018 Total cargo traffic thous. of long tons.. In American vessels.. thous. of long tons.. 1,057 In British vessels thous. of long tons.. 515 Sault Ste. Marie Canal. . thous. of short tons.. 10, 328 New York State canals thous of short tons 344 Suez Canal thous. of metric tons 2,200 Ohio River, Pittsburgh, Pa., to 714, 421 Wheeling W Va short tons Ocean Transportation Entrance, vessels in foreign trade: 01,492 Total thous. of net tons2, 095 American thous. of net tons.. Foreign thous. of net tons.. 3, 798 Clearances, vessels in foreign trade: 0, 803 Total 2 922 American ... .. .. thous. of net. t o n s . 3' 881 Foreign _ .thous. of net tons, . Freight rates, Atlantic ports to: United Kingdom weighted index number All Europe... .... weighted index number. fc October, 1923. : -8.8 -15.5 , i 90 186 2, 407 795,527 ! 2,218 1,431 479 , 10,706 b 348 1, 930 i 22,663 14,492 4,741 89,622 1 955 20, 708 23, 627 13,400 5,828 71,358 1,736 23, 231 648,594 ; 5,970,283 5, 717, 392 : | +22! 9 -20.4 -11.2 + 11.9 1915 1915 1915 1913 1913 1919 522 783 1 236 130 1 94 i 171 -4.2 1922 183 +4.3 -7 r ji -oil i j 1,902 1 972 i 515 6,619 ! -5.4 r -i7.4 545 481 785 i 588 261 243 107 111 62 i 78 166 182 519 651 287 97 74 169 495 580 281 104 92 190 482 ! -2.8 533 i -8.0 281 ! • -0.0 -35.9 66 -11.5 -32. 3 +7. 5 -38. 2 207 +9.11 +24.7 217 192 239 266 i +H.4 +22. 7 204 j: 5,813 2,657 3,156 | i 5,018 ! 2,719 ' 2,899 00,790 25,109 35,691 63, 058 27. 270 35, 785 +3.7 +8. 0 +0.2 1913 1913 1913 ' i 5,099 2,633 3.006 5,848 2,885 | 2.903 1 61,709 25,703 36,004 63, 938 27, 965 35, 975 +3.6 +8.8 0.0 1913 1913 1913 i 1920 1920 | ! 139 238 103 127 i 141 232 ! 224 89 I 112 144 114 146 230 116 -10.5 131 ! 226 : -1.4 97 ! —16.9 134 215 102 130 1 150 231 !• 230 92 ; 119 145 23G 112 152 234 120 127 I —16 2 211 ! -9.9 95 ! -21.0 29 32 28 i ! 23 23 29 25 24 22 32 ! 28 i! +3.5 —2. 3 +8.9 2 5 -£? +3.5 0.0 + 10.3 0.0 i +12.0 43 TREND OF BUSINESS MOVEMENTS-Continued i NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in t h a t issue. NUM ERICAL DATA , Per cent 1 increase (+) ijor decrease (— ) RTSLA'l^ I V E NUft F B E R S Per ct. increase (+) ! or deCorresponding month, October or November, 1923 19 U In many cases December figures are now available and may be found in the special table on page 21 October November i9'>3 [ BASE YEAR (-) ! i OR cumu- ' PERIOD lative i 1924 from 1923 FROM JANUARY 1 THROUGH LATEST MONTH ism ! Noi vember from October 19 24 19 »3 o 3 X 'M November, 1924, from November, 1923 ^ TRANSPORTATION— C o n t i n u e d Freight Cars Surplus (daily av. last week of month): 30, 480 Box number Coal number 49 058 Total number 99, 190 Shortage (daily av. last week of m o n t h ) : 784 Box number Coal .. - _ - . munber. 785 1,056 Total number Cars in bad order: ]%i -"43 Total end of month cars 8.2 R a t i o to total in use.., .. per cent.. Car loadings (monthly totals): 4, 380 Total thous. of cars 270 Grain and grain products.. .thous. of carsLivestock thous of ears 166 809 Coal and coke thous ot cars 282 Forest products thous of cms 177 < )re thous. of cars '2, 070 Merchandise and inisc thous. of cars. . , 73,54," 82, SI 9 183,911 51], 902 80, 750 1 53, 057 100 H3 354 84 00 128 107 i 103 81 1919 1919 ! 1919 18 10 13 319 005 1,330 1919 1919 1919 21. 189, 140 8. 2 1 ~~>\ f>20 0. s 1913 1013 99 97 4,091 2->2 100 4,051 197 1(>8 709 297 lOh 2. 457 45,o(3 2,049 1,(09 9, 3(»7 3,413 2,288 20,907 14.177 2,3-59 1,571 X, 1 10 3,33] 1,OL8 27,190 1919 1919 1919 1919 1919 1919 1919 124 117 122 110 119 152 128 110 116 118 103 120 103 122 380, 17-" C9", 599 78, 812 87, 102 505, 790 ! 531, 508 374, 208 400, 582 93, 180 80, 131 38,159 38. 049 4,281,299 1,016,531 5, 854, 272 4,550,972 912,241 424, 109 3,984,850 985,773 5, 480, 1 18 4,170,289 897,200 394, 112 -0.9 -1.9 -0. 4 -8.4 -1.6 -7.0 1913 1913 1913 1913 1913 1913 250 103 230 245 172 154 224 151 208 224 144 140 00, 524 54, 14; 31,433 00, 871 50, 140 31.309 +0.5 +3.7 -0.2 i 1913 | 1913 | 1913 171 218 137 1 1919 1919 05 00 ! ! 1920 1920 ! | 1913 1913 279 90 2, "14 -i i , ? i +U -13. 4 -3 3 — *>8 8 + 1.1 51 •; H « 45 37 62 05 52 1 90 + 141.2 110 j +08.8 +85. 4 97 +30. 3 4_2 <; +20! 2 -78.8 -83. 1 -78.fi -18.0 — 78. 0 — 73. 5 -0.7 0.0 +21.5 +21.0 4 19 1 3 3 102 ! 138 100 | 135 135 131 125 121 124 f 121 | 110 140 84 84 110 128 117 148 200 120 124 130 147 150 120 103 110 108 114 109 133 117 (] ^ — 15.9 137 0.0 104 -4.0 104 ! — 1. 1 113 203 182 199 206 159 133 226 162 212 210 195 143 248 144 224 222 21 2 158 215 137 198 206 156 139 2C8 150 223 i 213 123 189 216 153 174 210 134 152 224 ! 121 +3.3 -9.5 — 2. 0 +0. 2 — .1.6 71 73 73 72 74 ! 75 | +4.3 +4.7 +9. 5 + 9.8 i ! I • I -45.8 -4.7 126 : + 1.0 til: 5 + 1.0 — 0. 1 -42. 2 +3. 5 Railroad Operations Revenue: Freight thous. of dolls Passenger thous. of dolls Total operating thous. of dolls Operating expenses Ihous. of dolls... N r et operating income. thous of dolls Freight carrier mills, ton-miles Pull man company operations: Revenue thous. of dolls Expenses thous of dolls Passengers carried thousands . . Locomotives in bad order: Tot;1! end of month number Ratio to total in use per cent 438,813 82, 801 572, 000 403, 004 127, 105 43,110 0, 005 5, 070 2, 773 5, 242 5,214 2, 509 1 1 , 095 17.2 11,574 i 18.0 i 5, 384 2. 551 10 i [ i 579 10.4 1 ! ! I ! \m 08 \ 08 j 70 -13.4 -4.9 -11.79 —7 -2(i! 7 -11.7 ; — 3.9 —9. 0 — 4,8 — 7. 9 -4-X. 2 -o. ;•; Passenger Travel N a t i o n a l parks: Visitors Automobiles entered Arrivals from abroad: A. liens 1. ' nited States citizens 'Departures abroad : Aliens. ... ... United States citizens... Passports issued .. number number 47,571 2, 5S5 numbn number . 45, 224 34, 171 [1,731 , number _ number . number 21,008 19,951 7 ijofi 18,250 14,741 7, 894 1 *> 39, 044 6 3, 136 1,298,220 147,802 105,393 29, 142 837, 927 258,023 489, 083 307,543 -41.fi + 18.9 18,532 14,901 5, 978 170,053 243,804 120,008 206,056 284,270 138,803 + 17.3 +10. 0 +15.7 437,818 100,070 . 478,743 102,427 +9. 3 +2.4 99,472 122,858 17,070 99,019 122,230 10,770 -0. 5 -0.5 ; i .. 43 44 22 552 791 253 09 40 87 112 89 118 31 182 40 233 38 139 ! -7. 7 i -00.4 35 91 j -34.7 -23.5 1913 1913 1913 41 GO 349 36 50 306 46 125 439 46 79 392 41 00 405 -1.5 36 i -13. 1 -20. 1 -1. I 49 -0. 2 ! +32. 1 404 1913 1913 350 209 345 268 380 273 374 308 388 344 i 1919 1919 1919 128 120 118 116 109 92 121 113 97 126 117 115 131 123 122 -11.7 116 100 ' -18.9 -25.8 90 —0. 8 — 8.4 -1.8 i 1919 1919 1 91 9 153 121 172 149 123 165 140 125 159 148 123 163 100 134 176 156 128 172 -I--4.4 +3. S +4. 7 ;1 1919 1 91 9 ! 1 91 9 122 150 I 102 118 150 124 103 103 302 103 151 330 110 153 346 113 — 17.0 124 200 j — 2 4 . 7 + 110.0 1914 1920 1915 1922 19^2 110 121 121 109 106 115 ! 99 120 1 112 115 121 97 109 104 85 102 111 114 97 87 104 110 115 96 90 104 ! 111 | 116 i 96 1 91 +1.1 — 9.7 -7.1 — 4.1 -11.9 -12.5 1914 | 1915 259 255 275 217 250 231 248 229 202 231 ! +0.5 +0. 4 203 -9. 5 — 4.4 1914 1915 1922 1922 222 114 229 225 221 110 228 223 220 109 218 211 225 110 218 192 221 112 228 209 222 112 226 188 1,529,285 + 17.8 189,150 I +28.0 1 PURLIC UTILITIES Telephone companies: Operating revenues thous. of dolls.. Operating income thous. of dolls. . Telegraph companies: Commercial telegraph tolls flious. of dolls.. Operating revenues thous of dolls Operating income thous. of dolls. Central electric stations: Production, electric power — Total.-. . mills, of kw. hours By water power. .mills, of kw. hours.. B v fuels mills, of kw. hours Consumption of fuels — Coal thous. of short tons.. Oil thous. of barrels Gas millions of cu ft 50, 931 12, 748 i 1 M5, 979 b 9, 994 9, 940 12,389 1,993 8, 770 ! 10,053 ! 1.478 i 8, 848 10.979 1 , 505 5, 1 92 1,032 3, 500 1, "nS 3, 192 ~,o~i 4, 838 ] , 501 3, 330 50, 985 17,931 ' 33,024 53, 489 18,271 35,218 +4.9 +1.9 +0. 0 3, 220 1,405 0, 1 03 3,293 1J44 4 (>42 3,474 1 , 379 2, 204 35,491 13,212 28,930 33,950 15.341 45,528 -4.3 +10. 1 495 195 49 1 197 548 212 ; -Zo -1.9 -t£i! EMPLOYMENT Number employed, State and New York State Detroit _. . _ _ Wisconsin Illinois Massachusetts Total payroll: New York State Wisconsin Average weekly earnings: New York State Illinois Wisconsin... ._ Massachusetts city reports: thousands thousands. index number index number index number ! 13,032 13, 700 dolls.. 27. 53 index number index number index number . . b October, 1923 27 00 thous. of dolls index number I . ! 15,145 27. 64 | . _ ... j ::::::::i * Relative number less than 1. 0.0 +1.0 +0. 9 0.0 +0.5 0.0 -0.9 -10.0 +0. 1 +1.8 -0. 9 - 1 5. 7 TREND OF BUSINESS MOVEMENTS—Continued i NOTE.— Data on the following items for the period May, 1922, to September, 1924, may i be found in the November quarterly issue of ! " the SURVEY (No. 39). Detailed explana- ! tions with sources are also given in that issue. NUM ERICAL DATA ! Corre- sponding month, . i October or November, 1923 October : XT" In many cases December figures are now available and may be found in the special table on page 24 per ct. ! increase _ i (+) i or de- i CUMULATIVE TOTAL i crease FROM JANUARY 1 j ( — ) THROUGH LATEST - 1 CUniU- MONTH : ~] 1923 ! 1924 • ! lative ! RELATIVE NUMBERS BASE YEAR OR PERIOD 1923 1923 201 204 203 205 205 207 211 210 211 218 211 214 213 211 221 211 213 218 213 220 0.0 -0. 2 +2. 1 +1.1 -0.9 -QA -0.8 2. 2 90 88 90 90 90 91 90 91 +0. 2 0. 0 +0.4 -2.3 335 : 300 i 211 1913 1913 ; 283 ; 256 1 169 191? ' 458 426 312 279 225 409 364 299 522 352 282 515 ion 356 299 427 370 333 351 ; ; j 28. 41 i 28. 37 ; 30.84! 22. 84 17.21 26.99 28.81 30. 73 23. 02 17.59 49. 6 47 1 49. 7 47. 1 '• 49.5 48 2 i 41,063 39,511 23,801; 22,488 17,262 i 17,053 i 34.046 33,294: 20,393 19,371; 1,351 : l 364 7,872 , 8,252 247 247 2,102 ; 2,244 172 174 3,679 3,427 ; 159 158 34, 528 20,416 14,112 315,326 : 194,744 i 119,582 ; 338,574 196,004 142,570 29, 387 17,283 1,253 7, 508 233 1,827 166 2, 769 152 275, 375 i 160,811 I 309, 875 i +1 2. r> 180,474 : 4-12.2 i i > November, 1924, from November, 1923 ^ a o> 02 EMPLOYMENT-Continued 26. 45 , 28. 44 30.21 i 22. 60 17.36 November from i October tc •< +J > o o O i £ I Average weekly earnings (National Industrial Conference|Board) : Grand total (both sexes) dollars Total male dollars Skilled male. .dollars Unskilled male dollars Total women. dollars Average weekly hours: Nominal (both sexes) hoars Actual (both sexes) hour^ ; ; 1924 | from ! '• i 1 \ • i i 1924 Per cent : increase (+) ; or decrease (— ) ' 1914 1914 1914 1914 1914 216 215 218 j 217 218 217 217 ! 215 ; 226 224 1914 1914 ; l 0 £ 90 \ 94 90 94 -2.1 DISTRIBUTION MOVEMENT Mail-order houses: i Totalsales .thous. of dolls _J Sears, Roebuck & Co thous. of dolls j Montgomery Ward & Co. thous. of dolls. _ j Ten-cent stores: j Totalsales thous. of dolls ! F. W. Woolworth & Co. ..thous. of dolls.. Number of stores operated i S. S. Kresge Co thous. of dolls..] Number of stores operated ' McCrory Stores Corp thous. of dolls _.i! Number of stores operated S. II. Kress & Co thous. of dolls. J Number of stores operated . j Restaurant chains: j Total sales, 2 chains thous. of dolls..! Stores operated number ! Child's Co _ . thous. of dolls 1 Waldorf system thous. of dolls, i Chain stores: i J. C. Penney Co... .thous. of dolls | Number of stores i United Cigar Stores Co. . .thous. of dolls. J Number of stores i A. Schulte (Inc ) thous of dolls 1 Number of stores i Owl Drug Co thous. of dolls..!; Number of stores Magazine advertising (for ; following month) thous. of lines..! Newspaper advertising thous. of lines ! Postal receipts, 50 selected 1 cities thous. of dolls..! Postal receipts, 50 industrial ! cities. .thous. of dolls i Money orders: Domestic paid (50 cities)— : Quantity number. _j Value . thous. of dolls ! Domestic issued (50 cities) Quantity number • Value thotif? of dolls Foreign issued thous. of dolls < Internal-revenue taxes collected: I Firearms and shells.. _ thous. of dolls ' Jewelry, watches, and clocks thous. of dolls. J Theater admissions « thous. of dolls. J Bonds and stocks issued and j conveyances thous. of dolls. .' Capital stock transfers thous. of dolls. . BANKING AND FINANCE 4-7.4 +0. 6 j 4-19.2 1 19H 379 327 3 9 313 361 307 68, 732 ; 75. 503 +? 9 1913 i>56 079 616 620 712 747 17,789 I 20,941 +17.7 *M3 417 1G> 458 423 467 499 28.043 i 32.957 4-17. 1 nu 332 JO1* 334 348 410 3S2 : 1 3, 176 219 2,081 1,095 2,981 219 1,907 ; 1,074 3, 006 209 1,918 1,088 33, 347 \ 33, 190 -0. 5 1920 122 115 118 119 121 114 21,114 i 12,233 ; 20,281 11,909 -3.9 -2.6 1913 1920 287 117 270 138 285 134 286 137 269 139 269 136 8,430 ' 566 6, 502 2, 548 1, 949 253 1,588 84 9,275 569 6, 425 2, 563 1 901 252 1,289 84 7,196 472 6, 158 2, 433 1, 681 249 1, 408 53,714 64,280 4-19.0 1913 66,523 i 66,518 .' 17,458 ! 19,967 15,253 15,520 14 23,437 | » 24,411 1,065,664 1,055,219 0. 0 j 1913 2398 3120 3832 4216 3151 3271 258 252 250 250 264 261 +14.5 4-10. 1 +20. 8 -£o 4-1.0 — 4.S 0. 0 +6. * o! 6 -6. 1 0.0 -8. 4 -0.8 4-4.8 -0.6 -1.3 + 10.0 +0.o +28, 9 +20. 6 +4.3 +5. 3 + 13.1 4-1.2 —8.5 4-9. } |Q 1919 203 250 283 284 290 283 4-1.8 ' 1913 i 520 433 462 452 489 397 ^ -18.8 0.0 +4.2 -1.0 1913 ' 184 1919 130 172 126 147 91 181 113 180 129 173 122 — 3. 6 +- 14. 4 +13.3 +12.1 +8. 9 +9. 9 +6. 0 +22. 8 —4.8 4-23. S +3.9 + -a 4 2,201 108, 594 2,121 102, 662 2,109 106, 397 29,119 26,471 26, 531 269,673 : 281,878 4-4.5 1919 148 144 123 141 158 144 — 9. 1 -0.2 3,145 2,627 2, 609 28,000 1 30,091 4-7.5 1922 121 112 110 117 135 113 -16. •" +0. 7 12,000 95,784 11,294 88,962 10, 948 87, 639 112,703 ; 855, 643 | 116,003 914. 086 +2.9 +6. 8 1919 1919 146 143 134 117 106 127 119 154 147 145 136 -5.9 — 7. 1 +L5 3, 052 30, 763 3, 070 2. 941 29, 802 4, 426 2, 775 28. 974 4, 541 28,963 . 304,246 36,046 i 32,197 323.965 34,730 +11.2 +6.5 -3.7 1919 1919 1919 150 13S 179 116 133 153 137 125 99 147 131 97 161 142 103 155 137 149 -3. 1 + 44. 2 +6. 0 -2.9 — 2. 5 434 425 502 4,015 2,989 -25.6 1919 71 147 133 136 133 — 2. 1 -15.3 593 2,021 484 2,076 1,653 6, 849 20,200 : 67,830 | 17,399 56,281 -13.9 -17.0 1919 1919 137 129 138 1 127 ; 49 37 40 38 -IS. 4 — 70. 7 59 38 29 2,098 685 1,976 660 3, 413 559 42,344 : 7, 866 : 32,267 8, 060 -23. S +2. 5 1919 1919 100 51 95 | 55 ! 52 80 51 59 67 65 216 641 132 857 197 657 88 854 2, 130 i; 7,264 1,410 9,399 : ! 141 157 '• : — .". 8 +0.6 — 3. 5 -42. 1 + 18. i < Life Insurance (Association of Life Insurance Presidents) Policies, new (45 companies): j Ordinary thous. of policies ; Industrial thous. of policies i Group ... number of contracts ! Total thous. of policies and contracts.. j Policies and certificates issued: | Total policies and certificates ..thousands.Group insurance certificstes certificates i Amount of new insurance (45 companies): i Ordinary thous. of dolls. J Industrial .thous. of dolls...! Group thous. of dolls..! Total insurance thous. of dolls i Premium collections (45 companies) : Ordinary .thous. of dolls _.| Industrial thous. of dolls 1 Group .thous. of dolls.. Totalthous. of dolls.. 182 > 831 87 1,012 2, 123 -0. 3 , 7,543 i , 4-3.8 1,113 !' -21.1 9,666 +2.8 , 1913 ; 240 246 i 218 199 227 270 i +18.7 1913 i; 176 173 ! 160 162 219 It)9 — 22. 9 1913 1540 1760 i 1420 1500 1740 2640 ! +51.7 -15.3 1913 187 186 170 168 220 186 ! J -9. 6 -2.4 +50. 0 +0.4 -18.5 — 63. 6 1,083 70 805 883 25 771 501,459 198,461 131,134 831, 054 524,384 150,718 38,624 713, 726 515,700 146, 882 18, 838 681, 420 5,551,219 5,871,409 " +5.8 i 1,566,900 i 1,737,662 !!' +10.9 I 288,719 i 413,797 ; +43.3 j 7,406,837 ; 8,022,864 ; +8.3 j 1913 1913 1913 1913 342 359 338 304 350 366 ! 293 283 273 279 382 290 566 1085 1322 1116 7554 2252 331 346 329 305 422 362 109,188 33,405 3,025 145,617 103,731 32,190 2,593 138.515 s 99, 377 29, 195 2,345 130, 917 1,075,767 1,192,728 > +10.9 309,878 ; 350,517 !i! +13.1 i 22,009 ! 27,233 +23.7 i 1,409,656 ] 1,570,478 +11.4 i 1913 1913 1913 1913 -5. 0 252 255 250 272 280 266 ' 285 271 302 314 310 297 1 -3. 6 6039 6514 6497 5967 8403 7203 -14.3 263 263 270 285 293 278 , -4.9 +1.7 +4.6 -24.1 +2. 6 -70.5 -105.0 -14.1 +4.7 4-4.4 +10. 3 +10. 6 +5.8 i* Cumulatives are for the 12 months' period January to December, inclusive. is Taxes collected pursuant to the revenue act of 1918 were at the rate of 1 cent for each 10-cent admission charge or fraction thereof. The revenue act of 1921 exempted all admissions less than 10 cents and the revenue act of 1924, effective as of July 3, 1924, exempted all admissions of 50 cents or under. 45 TREND OF BUSINESS MOVEMENTS—Continued NOTE. — Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. NUMERICAL DATA | Per ct. increase (+) or deBASE CUMULATIVE TOTAL ! crease YEAR CorreFROM JANUARY 1 (-) OR sponding cumuTHROUGH LATEST ; i PERIOD ! month, MONTH lative October 1924 or No1 1 from vember, 1923 1833 1924 ! 1923 i ! 19 M In many cases December figures are now available and may be found in the special table on page 24 October November 8,297 8,359 7,641 3,263 1, 439 1,824 3,298 1, 444 1,853 2,866 1, 322 1,544 3, 469 1,085 1, 899 388 98 3,496 i 1,085 1,909 405 3,354 1,191 1, 780 301 81 1,017 548 1,018 547 ' RELATIVE NUMBERS 1923 1924 « 1 i "£ I 0ti zi t ra o ! Z Per 3ent increoj e ( + ) or decre ase (-) November from October November, 1924, from November, 1923 BANKING AND FINANCE— Continued Life Insurance— Continued < Association of Life Insurance Presidents}— Con. Admitted life insurance assets (41 companies): Grand total mills, of dolls Mortgage loans— Total mills, of dolls.. Farm mills, of dolls.. All other. ..mills, of dolls.. Bonds and stocks (book values): Total mills, of dolls.. Government mills of dolls Railroad mills, of dolls.. Public utilities mills of dolls All others. .mills, of dolls._ Policy loans and premium notes mills of dolls Other admitted assets mills, of dolls.. 98 ; i 1923 \ 102 110 111 112 113 +0.7 +9,4 1923 1923 1923 105 108 ! 119 ' 104 ! 105 113 : 108 i 108 124 120 114 125 121 114 127 122 115 129 +1.1 +0.3 +1.6 +15. 1 +9.2 +20. 0 1923 1923 1923 1923 1923 : 100 98 j 98 101 i 102 104 ! 107 105 ; 105 103 90 107 134 126 104 90 108 135 126 104 89 109 138 127 105 89 109 144 127 +0.8 0.0 +0. 5 +4.4 0.0 +4.2 -8. 9 +7.2 +34. 6 +21.0 102 1 102 101 i 103 108 117 109 117 110 119 110 119 0.0 -0.2 +7.3 + 16. 1 129 120 138 123 138 124 107 101 121 i 119 131 | 133 115 117 118 104 110 128 135 145 138 115 121 142 128 142 1 128 I 110 115 ! 133 -4.7 -2.4 -7.4 -4.9 -5.4 -6.5 -0.6 +3. 0 -7.1 +2.5 — 5. 6 + 1.4 94 98 ' 103 ; 113 ! 106 101 102 104 111 119 113 i 107 i +2.4 -9.9 +15.3 +1.8 258 265 245 277 274 314 284 290 | +3.9 —7. 6 +24.3 +4.7 14 67 100 ! 146 1 111 ; 164 13 66 113 144 113 160 12 67 135 143 115 157 11 70 ' 146 143 i 114 I 154 -0.4 -72.0 +4.4 -17.9 +8.0 +132. 2 +0.1 -2.0 -0.7 +13. 6 -1.9 +1.3 100 •i 104 135 ; 133 ! 151 106 i 105 1 117 106 158 119 107 165 122 108 167 124 +0.8 +1.2 +8.1 +25. 8 +17.7 61 59 65 57 74 57 79 59 +ts -45.9 —35. 9 1920 1920 1920 1920 1920 1920 1920 1920 i 1920 1920 ! 1920 i 1920 1920 1913 123 124 ! 130 116 i 117 i 122 122 | 122 i 129 118 ! 119 ! 126 : 128 132 ! 139 129 129 ; 143 : 129 129 136 • 116 117 120 145 146 153 126 126 127 129 132 135 137 141 149 137 137 146 335 334 337 131 122 131 126 140 143 136 120 153 128 135 151 147 337 132 122 131 127 142 145 135 121 156 129 132 151 147 338 132 123 131 128 145 144 136 122 174 129 136 151 147 338 +0.7 +0.2 +0.2 +0.4 +2.0 -0.4 +0.8 +0.7 +11.5 +0.4 +2.7 -0.5 +0.1 -0.1 +6.8 +5. 3 +6.9 +7.4 +9.6 +11.7 +5. 5 +4.1 +19.2 +2.5 +3.1 +7.1 +7.2 +1.1 1913 189 191 192 192 +0.3 83 83 100 172 308 83 83 100 188 808 83 83 100 188 423 83 83 100 151 290 -0.1 -0.1 -0.3 -19.8 -31.6 424 326 676 530 387 -27.0 -8.8 101 1 103 ! 96 i 97 100 94 100 94 102 95 104 98 +2.3 +2.2 +1.4 +0.2 i i • ! i i j i 1923 1923 949 471 103 i ! 101 (Life Insurance Sales Research Bureau) Sales of ordinary life insurance (81 companies): United States total thous. of dolls.. 572, 184 Eastern manuf. district. ..thous. of dolls.. 224, 325 Western manuf. district.. .thous. of dolls.. 124, 841 Western agric. district thous. of dolls.. 93, 489 Southern district.^ thous. of dolls.. 69, 226 Far Western district thous. of dolls.. 60, 303 +4.9 +9.8 +3.5 i -1.3 -0.5 +6.4 1921 1921 1921 1921 1921 1921 236,204 206,121 +9.2 +0.6 1919 1919 224,243 176, 732 +15.3 +2.4 545, 152 j 218,834 115,577 88,871 i 65,490 56, 380 j 548, 669 212, 548 124, 472 86, 698 69, 368 55, 583 5,980,801 2,298,096 1,316,854 983,924 780,501 603,426 ; 6,274,344 j 2,521,870 ! 1,362,383 i 971,314 ! 776,518 i 642,259 23,047 18,846 19, 983 18, 521 216,315 204,952 22,433 16,657 18, 048 15, 915 194,500 i 172, 516 ; 131 138 141 112 ! 122 129 1 1 ; ! i | Banking Debits to individual accounts: New York City... _ mills, of dolls 22, 506 Outside New York City. ..mills, of dolls.. 20,912 Bank clearings: New York City mills, of dolls.. 21, 585 Outside New York City. ..mills, of dolls.. 18, 024 Federal reserve banks: Bills discounted .. mills, of dolls 223 Notes in circulation mills, of dolls.. 1,767 Total investments mills, of dolls.. 802 Total reserves _ mills, of dolls 3,132 Total deposits mills of dolls 2,218 Reserve ratio per cent 78.6 Federal reserve member banks: Total loans and discounts.. mills, of dolls.. 12,764 Total investments mills, of dolls.. 5,551 Net demand deposits mills, of dolls 12 922 Interest rates: New York call loans. _ „ per cent 2.45 Commercial paper 4-6 mos. per cent.. 3.13 Savings deposits, by Federal reserve districts (balance to credit of depositors): Total 846 banks thous. of dolls 7, 154, 837 Boston, 64 banks thous. of dolls 1, 268, 465 New York, 30 banks thous. of dolls 2, 001, 536 Philadelphia, 78 banks. thous. of dolls.. 495, 093 489,511 Cleveland, 18 banks thous. of dolls Richmond, 91 banks. _thous. of dolls.. 325, 899 Atlanta, 96 banks thous. of dolls.. 228, 510 Chicago, 209 banks thous. of dolls.. 910, 932 St. Louis, 32 banks thous. of dolls.. 141, 026 Minneapolis, 15banks_thous. of dolls.. 92, 444 Kansas City, 56 banks. thous. of dolls.. 106, 979 Dallas, 85 banks thous. of dolls 67, 849 San Francisco, 72banksthous. of dolls.. 1, 026, 093 U. S. Postal Savings thous. of dolls.. 134, 405 New York State Savings banks thous. of dolls 3, 308, 534 222 1,845 : 866 3, 134 , 2,203 77.4 794 2,246 373 3,197 1,939 70.4 12,870 ; 5,617 13,065 11, 904 4,464 11, 102 2.60 3.25 4.81 5.09 7, 201, 426 1,271,490 2, 006, 184 497, 277 499,463 324,495 230,308 917,748 157,231 92,787 109,832 67,523 1,027,088 134,235 6, 743, 274 1, 207, 722 1, 876, 107 463, 010 ! 455, 596 290, 543 ; 218, 340 ; 882, 010 131, 862 I 90, 517 106, 557 i 63, 024 957, 986 132, 833 ! 1913 225 i 229 296 \ 277 i 1919 1919 1919 1919 1919 1919 46 85 50 146 101 152 1921 1921 1919 ; 100 j, 1913 1913 143 i 146 1 ; 93 i 92 ! ; 1913 1 ! i I f ii 3,318,009 : 41 ! 86 63 I 146 ' 100 ; 152 i ! 1 +1.1 Public Finance Government debt: Interest-bearing mills, of dolls.. Total gross debt mills of dolls Short-term debt mills, of dolls Customs receipts . . thous. of dolls Total ordinary receipts.thous. of dolls.. Expenditures chargeable to ordinary receipts thous. of dolls Money in circulation: Total mills, of dolls Per capita -dollars. . 20, 978 21, 242 8,069 49, 890 255, 323 20,951 21,213 8,042 40,011 174,738 i 21, 780 22, 055 8, 656 46, 565 190, 844 541, 818 | 505, 104 2,988,235 3,341,515 -6.8 i +11.8 320, 307 233, 758 256, 287 3, 317, 364 i 2, 999, 114 -9.6 4,880 43. 12 4,994 : 44.08 4,923 44.01 i | ! 1919 1919 1919 1913 1913 1913 1919 1919 : 86 ! 86 87 i 87 ! 108 108 ! 195 i 176 382 316 706 -3.3 -3.8 -7.1 -14.1 -8.4 46 TREND OF BUSINESS MOVEMENTS—Continued NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. 1 In many cases December figures are now available and may be found in the special table on page 24 NUMERICAL DATA 192 4 October ' November Corresponding month, October or November, 1923 R E L A T iVE N U M B E R S Per el. C U M U L A T I V E TOTAL FROM J A N U A R Y 1 , THROUGH LATEST MONTH , 1923 mciea.se (+) i or de- ' ciease B YSE YEAR OR PERIOD cunmlam e 1924 Irom 1923 1924 19 23 Per cent ' increase (+) or decrease (— ) Novem- 1924 Nober. v em- 1924, ber from from NoOctober vem- | ._' X i ber. 'jr. C £ 158 136 | -13.8 BANKING AND FINANCE— Continued Business Failures Liabilities: Total commercial thous. of dolls . . Manufacturing establishments thous. of dolls.. Trade establishments thous. of dolls ... Agents and brokers.. .thous. of dolls.. Firms: Total commercial ...number.. Manufacturing establishments. .number _. Trade establishments number.. A gents and brokers ...number.. 36,099 i 31,124 49, 592 487,028 ; 497.946 +2. 2 1913 : 348 217 242 150 15,619 i 16, 122 28, 456 17,194 3, 942 261,284 :! 181,851 43,893 ! 271,016 176,050 50,878 +3.7 • -3. 2 + 15.9 i 1913 ! 4 357 10,252 15,782 : 5,090 1913 1913 ; 182 | 96 275 180 13" 289 171 309 188 ! 151 106 ! 168 164 152 99 165 177 -34. 4 -2. 1 + 16.8 1, 096 411 1,186 99 1,653 :! 361 1, 193 99 1,704 495 1,131 78 16,877 i 4,473 ; 11,810 ! 18,575 j + 10. 1 4,733 + 5.8 12,799 i 913 +53. 7 +8.4 : 1913 1913 1913 1913 ' 125 141 119 , 120 128 ; 114 140 : 117 110 144 152 i 98 102 95 117 127 116 128 183 124 102 128 183 +o!c 3,585,217 » 3,808,086 +6. 2 i 1913 174 193 212 269 181 203 + 11.9 -TO. 1 H 963, 251 !» 1,003,881 + 4. 2 ' +3.4 +3.7 +2. 4 i 1913 1913 1913 1913 93 72 127 119 97 132 53 70 87 104 65 92 137 161 98 192 96 74 130 126 101 135 58 89 +5.9 +83. 1 -55.4 -29.3 +4.8 +2. 1 + 10.0 +25. 7 ; 86 435 121 i 126 183 265 104 38 -17. 1 —85. 7 -24.1 -87. 5 : 38 102 56 166 88 215 63 118 -27.8 -45.1 -40. 8 -33. 2 ' j ' 594 i i 570 Dividend and Interest Payments ; -64.0 -8.2 + 29. 1 -3.0 -t-5. 5 + 26,9 0.0 (For the following month) Grand total Dividend payments: Total.... Indus, and misc. corp Steam railroads Street railways thous. of dolls.. thous. thous. thous. thous. of dolls. _ of dolls.. of dolls.. of dolls.. 14 268, 805 300, 750 286, 050 66, 805 32, 200 6, 190 70, 750 52, 025 14,350 4, 375 67, 505 50, 975 13,050 3,480 283, 641 56, 549 235, 256 8,112 309,915 65,126 2,408,492 i 2,892,171 514,770 454,098 +20. 1 -11.8 1920 1920 78, 257 340, 190 56, 480 186, 888 95, 403 279, 638 643,051 773,138 : +20.2 2,292,923 i 2,589,402 + 12.9 197, 464 384, 032 374, 866 95, 147 126, 375 543, 490 66, 222 9,340 574, 096 94, 619 28, 859 811,819 17,926 10,612 7, 314 16,883 10,061 6, 822 19,894 13, 998 5, 896 365,581 ! 175,721 I 189,869 j 125 6, 484 50, 443 470 6, 486 44, 427 217 6, 548 73, 197 75, 764 ! None. 39 1,229 None. 8 1,221 345 1, 202 3,198 11,928 41, 139 5, 832 44, 931 7,557 27, 863 2,536 19, 670 3, 305 19, 369 2,348 8, 688 124. 11 76.00 97.77 105. 44 58.30 88.28 28.415 » 541, 441 * 4 289.120 H 559, 790 : u 299,910 » 75, 750 ! u 77, 601 ! New Capital Issues Total corporation (Commercial and Fi nancial Chronicle) : Purpose of issueNew capital thous. of dolls.. Refunding thous. of dolls. . Kind of issueStocks _ . _ thous. of dolls Bonds and notes thous. of dolls.. Total corporation (Journal of Commerce) thous. of dolls States and municipalities: Permanent loans . .thous. of dolls.. Temporary loans thous. of dolls.. New incorporations thous. of dolls.. 79 137 ; 84 305 1920 1920 1 107 3, 335, 186 | 2, 909, 132 | -12.8 1913 < 180 273 198 204 ! 144 280 +94.5 +2. 4 999,299 i 1,307,408 483,473 820,417 8,415,021 j 6,419,866 1913 1913 1913 297 164 409 278 350 : 179 ; 232 262 ! 279 320 ! 314 278 ; 315 195 23 333 -30.4 -92. 6 +5.6 -30. 0 -67.6 -29. 3 215,902 : -40.9 149,364 i -15.0 66,538 -65.0 1919 1919 1919 186 124 352 125 96 121 90 136 < 112 88 ! 112 76 ! 91 121 \ 169 : 106 ! -5.8 87 -5.2 158 ! -6.7 -15.1 -28. 1 + 15.7 8,633 i -29.4 1922 1922 1922 ; 48 44 i 2 23 36 2 i 1 34 : 73 34 30 20 86 45 \ 0 0 18 0 ! 0 (13) i 3 18 17 +30.8 +69.7 i -23.7 ; i 37 125 i 177 72 471 Agricultural Loans By land banks: Total closed thous. of dolls Federal farm loan banks, .thous. of dolls.. Joint-stock land bank thous. of dolls. . By War Finance Corporation: With banks and livestock loan companies — Advancements thous. of dolls. . Repayments thous. of dolls.. Balance thous. of dolls With cooperative market associationsAdvancements thous. of dolls.. Repayments thous. of dolls.. Balance. _ thous. of dolls. . By Federal intermediate credit banks: Direct loans — Closed thous. of dolls. _ Balance end of month. thous. of dolls. _ RediscountsClosed thous. of dolls Balance end of month. thous. of dolls.. 12,224 9,228 32, 107 j -57.6 149 ! -98.4 1.176J -93.4 17, 868 1922 1922 1922 4 84 1 ! ! 95 60 57 3 +276. 0 + 116. 6 -0.9 73 0.0 27 -11.9 -39.3 0 1 17 | j i 0.0 -93.3 -61.8 -51.1 +9.2 -22.8 +61.3 +30.3 +40.8 -1.5 + 122.9 ! j 0.0 -79.5 -0.7 Stocks and Bonds Stock prices, closing: 117. 29 25 industrials, average dolls, per share.. 69.63 25 railroads average dolls per share 90.25 103 stocks average dolls per share Stock sales: 18, 126 N. Y. Stock Exchange. ..thous. of shares.. Bond sales: Miscellaneous thous. of dolls . 247, 972 45, 164 Liberty-Victory .thous. of dolls.. 293, 136 Total thous. of dolls Bond prices: 86.67 Highest-grade rails.p. ct. of par, 4% bond.. 74.36 Second-grade rails. p. ct. of par, 4% bond.. 70.10 Public utility p. ct. of par, 4% bond-Industrial p. ct. of par, 4% bond. . 73.75 75. 74 Comb, price index. p. ct. of par, 4% bond.. 102.98 5 Liberty bonds p. ct. of par... 16 foreign governments and city p. ct. of par. . 103. 67 97.13 Comb, price index, 66 bonds. p. ct. of par.. 4.11 Munioinal bond vield Der cent.. 13 Relative number less than 1. i 1913 1913 1921 ! 175 69 100 181 70 104 205 86 106 201 85 106 202 84 107 213 92 116 +5.8 +9.1 +8.3 + 17.7 +30.4 +10.7 228 326 +83.3 ; 1913 41, 369 22, 573 211,988 238, 940 336, 431 52, 987 389, 418 162, 271 65, 869 228, 140 1, 768, 502 730, 366 2, 496, 868 2, 604, 697 786, 666 3, 391, 383 86.43 75.03 70.45 74. 06 76. 06 102. 10 83.25 66. 79 64 53 72 02 70. 96 98. 93 103. 50 • 96. 86 i 4.13 99. 07 !; 1921 108 1921 ; 109 92. 89 4.37 1! 99 1 Cumulatives are for 12 months' period January to + 12.7 +47. 3 1: 1919 +7.7 1919 1919 +35.8 1915 1915 1915 1915 i 1915 \ 1921 : 1913 324 262 262 597 +128. 2 72 228 | 342 28 ! 26 74 99 298 22 86 348 19 95 472 22 126 92 88 88 ; 101 i 92 105 93 I 96 88 i 97 87 . 97 102 105 99 92 106 110 96 98 95 104 98 110 97 98 95 105 99 110 96 99 95 105 99 110 i 204 33 ! ! 112 112 112 114 114 113 92 92 93 December, inclusive. 107 109 98 112 113 93 +35.7 + 107. 3 + 17.3 -19.6 +32.8 +70.7 ! +1.0 -i.o +3.2 + 12.5 +9.2 +2.9 +7.6 +3.8 0.0 0.0 0.0 0.0 0.0 -0.9 +1.1 . +4.7 +3.5 —1.7 47 TREND OF BUSINESS MOVEMENTS—Continued NOTE. — Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. In many cases December figures are now available and may be found in the special table on page 24 NUM ERICAL DATA Per ct . ] increase (+) oi' deB\,SE C U M U L \ T I V E TOTAL crease YE VR Coi reFROM J A N U \ R Y 1 (-) 19 24 sponding THROUGH LATEST cumu- P E OR RIOD month, lative MONTH October 1924 or Nofrom x , ember, J923 October Novem1923 1923 1924 ber ; Per cent increase (+) or decrease (— ) Kl<:LAI 1YE N U M B E R S 19 24 19 ~ November from October November, 1924, from November. 1 923 . y, -J, 107 ! 110 749 342 31 10 109 125 60 86 113 371 54 72 109 374 87 97 88 176 : 236 168 i 165 107 115 119 124 99 237 198 116 1 20 101 195 181 119 128 99 217 180 116 122 -1.9 + 11.2 -0.7 -2.3 -4.6 + 12. +23. 92 92 23 97 99 99 95 27 22 25 100 100 100 4-27 + L9 -2. 3 0.0 +2.6 +0.8 +0.5 + 5. — 3. _2 4-2. + 5." + 1. +9. 71 -0.8 +2.1 -20. +11. 0.0 +2.3 +2.7 +1.8 0.0 +1.9 +20. 1 +30. 7 + 1.8 0.0 BANKING AND FINANCE -Continued Gold and Silver Gold: Domestic receipts at mint fine ounces.. Rand output thous. of ounces.Imports thous. of dolls Exports . . -thous. of dolls Silver: Production thous of fine ozs Imports thous. of dolls-. Exports _. . . . thous. of dolls Price at New York dolls, per fine oz... Price at London... pence per standard o z _ _ 127.184 827, 583 19, 702 4, 125 106, 488 802,000 19, 850 6,689 | 10S, 432 780, (>39 39, 757 747 917,749 8 3 '4, 211 290, 075 27,932 4, s91( "> 2(> ) 60, 5 )() ( 6, 2S1 62 94S £ 829 9, 465 .709 35, 387 5, 522 6, 481 9. 401 .693 33, 775 '608 U 774 4.49 . 052 .044 . 048 . 391 .266 . 192 4.61 .053 .043 .048 . 401 . 268 . 193 i to (T>5 044 017 380 /63 176 .388 . 337 .385 ! .344 18 1 K)9 1.000 : ,855 .115 .981 .712 .088 .111 9^1,9-S S, 732, OiS 309, 434 21,974 ">\ 1 Mi i)\ OSO MS (11 ^s -H +(• -21 1 ' 7 3 -f 2 7 4 ">6 7 MH 9] > 913 ^13 00 10s V)l 17 913 Ml 3 <J13 1913 ( >H 232 114 !()(, 11,> Q> ; -16.3 — 1.8 -3.1 +2. i +0.8 — 50. +62. 2 + 795. +s! + 3. I FOREIGN EXCHANGE RATES Europe: England dolls, per £ sterling France dolls, per franc Italy _ - .- . - dolls, per lire Belgium dolls, per franc. . Netherlands dolls, per guilder _ . Sweden dolls per krone Switzerland dolls per franc Asia: Japan dolls per yen India dolls, per rupee Americas: Canada dolls, per Canadian doll Argentine dolls, per gold peso Brazil dolls, per milreis Chile _. dolls, per paper peso General index foreign exch . index number 1.000 .830 . 112 .111 .113 ; 1 r< 9] 61 23 26 97 99 93 90 29 i: 23 25 95 : 98 91 i 92 28 23 26 99 97 23 25 96 99 98 P 98 64 97 i 63 \ 83 68 83 68 78 69 Pa Pa Pa Par Par 99 76 29 60 63 98 ! 100 74 • 79 31 51 57 61 j 61 100 83 31 53 61 100 87 35 61 100 89 35 58 61 1913 206 195 | 170 192 208 198 -4. 6 + 1.7 Pa Pa Pa P« r«i Pa Pel U. S. FOREIGN TRADE Imports Grand total thous. of dolls. _ 310, 802 By grand divisions: Europe — Total thous. of dolls 106, 559 France. thous. of dolls 14,119 Germany _ thous of dolls 13, 753 Italy thous. of dolls.. 9,026 United Kingdom thous. of dolls .. 36, 525 North AmericaTotal _ . _ . . _ ...thous. o f dolls 75, 109 Canada . . thous of dolls 33, 774 South America — Total thous. of dolls.. 42. 103 Argentina thous. of dolls. . 4,745 Asia and Oceania — Total thous. of dolls 82, 899 Japan thous. of dolls.. 29, 308 Africa, total _ .. thous. of dolls 4, 128 By class of commodities: Crude materials for use in manufacturing thous. of dolls. _ 100, 113 Foodstuffs in crude condition and food animals..thous. of dolls. . 42, 443 Foodstuffs, partly or wholly manufactured thous. of dolls. _ 38, 695 Manufactures for further use 56, 654 in manufacturing _ thous. of dolls Manufactures ready for consumption thous. of dolls. . 70, 574 2. 319 Miscellaneous thous. of dolls. . ! 296,350 291, 333 3, 503, 761 3, 277, 023 -6.5 97,949 13,596 11,894 7,986 35,669 93, 338 12, 756 13, 350 10, 704 27, 634 1, 063, 846 136, 429 147, 520 83, 490 375, 077 985, 540 133, 067 126, 516 65, 917 327, 120 -112 -21.0 -12.8 1913 1913 1913 1913 1913 147 137 102 201 145 130 110 87 232 122 ' 111 : 96 ; 89 j 114 137 109 86 125 144 148 122 90 196 161 136 117 77 173 157 -8. 1 -3.7 -13.5 -11.5 -2.3 +4.9 +6. 6 -10.9 -25. 4 +29. 1 71, 362 35, 144 73, 427 38, 452 933, 672 380, 068 926, 108 362, 709 -0.8 -4.6 1913 1913 268 320 226 325 216 256 228 264 231 285 220 297 -5.0 +4.1 -2.8 -8.6 41,925 i 4,582 | 34, 923 3,670 430, 271 111,020 421,912 69, 049 -1.9 -37.8 1913 1913 224 248 211 I 208 172 201 185 256 255 223 254 215 -0.4 -3.4 +20.0 +24. 9 80, 959 28, 347 4,156 84, 580 28, 783 5,065 996, 504 314, 096 79, 468 882, 283 300, 418 61, 180 -11.5 1913 | 288 -4.4 : , 1913 1 296 -23.0 : 1913 144 321 \ 256 349 359 256 144 310 432 155 315 355 209 307 344 i 210 i -2.3 -3.3 +0.7 -4.3 -1.5 -17.9 112,843 + 15.4 -7.4 97, 814 1, 285, 807 1,111,318 -13.6 1913 183 194 166 191 198 224 +12.7 38,074 | 40, 134 327, 368 384, 799 +17.5 1913 185 218 | 171 158 231 207 -10.3 — 5. 1 29,091 | 35, 590 501, 949 494, 134 -1.6 1913 291 215 184 233 234 176 -24.8 — 18.3 52, 931 50, 825 665, 505 586,411 -11.9 1913 202 179 166 187 200 187 -6.6 +4.1 61, 463 1.948 64, 110 2. 860 705, 578 17, 554 680, 382 19,979 -3.6 + 13.8 | 1913 1913 214 222 186 195 232 ; 144 193 378 205 188 179 158 -12.9 -16.0 -4.1 -31.9 527, 233 493,597 401,484 3, 740, 828 4, 145, 324 +10.8 1913 193 194 160 207 255 238 -6.4 +22.9 290, 598 26, 787 49, 651 21, 955 125, 418 305, 551 36, 765 38, 441 22, 863 125,835 218, 491 31, 361 28, 105 18, 231 101, 510 1, 847, 078 242, 153 284, 443 147, 693 759, 326 2, 171, 130 253, 802 389, 863 163, 126 866, 136 +17.5 +4.8 i +37. 1 +10.4 +14.1 1913 1913 1913 1913 1913 171 238 112 292 181 175 125 244 1 161 96 66 278 202 206 134 189 220 151 223 196 233 209 169 335 255 244 287 131 349 256 +5.1 +37. 2 -22.6 +4.1 +0.3 +39.8 + 17.2 +36. 8 +25. 4 +24.0 133, 387 86, 265 93, 105 53, 110 84, 807 45, 744 1, 006, 250 606, 581 1, 012, 862 585, 037 +0.7 -3.6 ! 1913 1913 179 154 169 136 189 150 224 210 266 257 186 158 -30.2 -38.4 +9.8 + 16.1 32, 820 12, 764 26,994 10,013 ; 23, 412 9, 215 250, 088 106, 474 285, 313 106, 295 1913 1913 179 188 192 201 250 271 199 210 269 279 221 219 -17.8 -21.6 +15. 3 64, 195 28, 927 6,232 518, 357 63, 159 ' 31,559 i 4,787 586,483 : 70, 131 35, 031 4,643 395, 667 581, 756 226, 472 55, 655 3, 669, 704 612, 750 223, 864 63, 268 4, 059, 188 +5.3 1913 t 396 -1.2 524 1913 + 13.7 j 1913 195 + 10.6 > i 1913 i 192 405 673 193 194 250 185 254 159 285 303 247 205 371 555 258 254 365 606 199 238 -1.6 +9.1 -23.2 -6. 1 Exports Grand total, including reexports thous of dolls By grand divisions: EuropeTotal thous. of dolls.. France thous. of dolls Germany thous. of dolls. _ Italy thous. of dolls.. United Kingdom thous. of dolls. . North America — Total.. thous. of dolls.. Canada thous. of dolls.. South AmericaTotal thous of dolls Argentina thous. of dolls Asia and OceaniaTotal thous. of dolls. . Japan thous. of dolls.. Africa, total . .thous. of dolls Total, domestic exports only.. thous. of dolls.. + 14.1 -0.2 ; +8.7 -9.9 -9.9 +3.1 +23. 0 48 TREND OF BUSINESS MOVEMENTS—Continued NOTE.— Data on the following items for the period May, 1922, to September, 1924, may be found in the November quarterly issue of the SURVEY (No. 39). Detailed explanations with sources are also given in that issue. In many cases December figures are now available and may be found in the special table on page 24 NUMERICAL DATA Per cent : increase (+) or decrease (— ) RELATIVE N U M B E R S I Per ct. . 1 increase 1 ! (+) ! Corre1924 sponding ; month, October or No• vember, October i Novem- i 1923 or decrease 1 (-) cumulative I 1924 | from 1923 CUMULATI VE TOTAL FROM J ANUARY 1 THROUG H LATEST MONTH 1923 1924 ; BASE YEAR OR : PERIOD 0! o '• i ; Noi vein- , i ber from ' October 1 £ : 19 24 1923 ' C bX) 3 <J c £ "a -t-i O November, 1924, from Noveinber, 1923 U. S. FOREIGN TRADE— Continued Exports — Continued By classes of commodities: Crude materials for use in manufacturing . thous. of dolls . 162,442 196,385 ; 160, 346 1, 019, 529 Foodstuffs in crude condition 242, 604 and food animals thous. of dolls. . 100,285 ; 58,599 14, 461 Foodstuffs partly or wholly 526, 639 manufactured thous. of dolls 60,330 54,800 52, 295 Manufactures for further use 512, 847 48, 955 in manufacturing thous. of dolls.. 53,354 : 50, 872 Manufactures ready for 141,179 124,939 118,668 1, 362, 248 consumption thous. of dolls 942 5,837 767 888 Miscellaneous thous. of dolls.. 1,158,022 +13.6 1913 234 250 98 200 254 307 • +20.9 +22.5 351, 195 +44. 8 1913 154 102 224 462 710 415 ' -41.6 +305.2 165 184 223 203 i -9.2 143 150 -4.7 ; +3.9 +4.8 521, 157 -1.0 1913 187 194 556, 776 ' +8.6 1913 139 148 i 161 154 +7.6 i +0. 7 '< 1913 1913 190 85 182 139 212 71 194 65 217 113 +o.3 192 -11.5 131 ! +15.8 ' -5.7 156 185 131 159 ; 160 194 122 157 190 116 188 234 159 185 ! 234 1 154 147 138 162 168 161 156 -3. 1 +13. 1 163 176 199 150 172 182 151 161 134 145 188 141 157 216 149 156 235 145 -0. 6 +3. 6 +8. 9 , +36. 5 -2.8 • -20. 5 157 144 I 155 143 154 152 -1.5 122 251 96 111 213 91 98 145 81 105 167 79 142 244 130 135 222 118 -4. 7 +21. 2 -9. 1 +3. 9 110 100 111 125 112 124 100 95 101 97 99 89 -9.5 -5.7 75 94 122 77 95 109 102 73 83 71 64 83 70 75 81 82 75 78 +16. 5 +0.6 -3. 5 +6. 0 -20.8 -28. 7 69 110 106 5 70 i 117 102 6 69 83 84 2 67 101 92 4 69 106 88 3 68 105 I -0. 3 -0.9 -2. o -10.3 192 203 196 1, 466, 159 5,879 TRADE AND INDUSTRY OF FOREIGN COUNTRIES United Kingdom Imports (value): 989, 083 1, 148, 848 +16.2 120,458 118,740 ! 101,584 1913 Total thous. of £ sterling 463, 795 56,693 i 46, 805 517, 090 +11.," 1913 Food, drink, tobacco.thous. of £ sterling.. 56,651 284, 994 36,187 ; 32, 116 1913 353, 111 +23.9 Raw material thous. of £ sterling-- 37,235 Manufactured 20,043 • 25,226 272, 719 +15.8 1913 235, 477 22, 301 articles thous. of £ sterling Exports (value): 1913 705, 207 +3.0 65, 768 726, 051 68, 586 ; 68, 150 • * Total thous. of £ sterling 5,864 ; 6,384 39, 241 51,675 +31- 1 ^ 1913 4, 677 Food, drink, tobacco.thous. of £ sterling. _ 120, 718 8,659 ; 8,418 97, 225 1913 10, 586 Raw material thous. of £ sterling. . Manufactured 532, 014 1913 52,836 ' 52,024 49, 364 565, 353 ! +C.3 articles thous of £ sterling Reexport (values): 107, 217 1913 12,931 i 12,326 128, 094 + 19.5 10, 171 Total . thous. of £ sterling.. 21, 961 3,239 i 2.915 2, 835 1913 27, 178 +23. 8 Food, drink, tobacco.thous. of £ sterling 61, 709 1913 6,916 ; 6,318 4, 864 69, 501 Raw material _..thous. of £ sterling.. Manufactured 24, 483 31, 282 +27.8 1913 2, 744 3, 051 2, 464 articles thous. of £ sterling Exports of key commodities (quantities): 1920 350, 143 3, 824, 749 4, 040, 239 Cotton piece goods thous. of sq. yds.. 364,797 | 330,041 Woolen and worsted : +5.4 ' 1920 193, 384 203, 888 17, 046 tissues thous. of sq. yds.. 15,521 ! 18,077 3,557 -10.4 3, 971 394 1913 310 i 312 Iron and steel thous. of lonp tons 73, 610 -23.3 4,933 | 4,759 56, 484 1913 6, 670 Coal ..thous. of long tons.. Production: 6,809 6, 734 1913 -1.1 586 !! 584 598 Pig iron ..__ thous. of long tons.. 7, 667 7, 826 -2.0 679 673 750 Steel ingots. _ thous. of long tons . 1913 236, 054 -4.3 225, 935 1913 1 b 25, 714 Coal thous. of metric tons.. 21,318 i is 1920 756 ; 606 1, 557 Stocks zinc short tons +5. 6 ; 194 137 ! 2 -1.4 +0. 1 -2.8 +16.9 +21. 1 +12.7 +5.4 -8.6 +29.9 +11.2 +23. S -61. 1 -19.8 Belgium Production: Zinc short tons.. 15,707 15,157 14, 209 145, 840 1920 1 180 184 189 -10.8 ; +4.6 1913 1913 1 135 322 129 442 238 114 262 123 332 118 382 +70.2 ! +3.6 -0.4 1913 1913 1913 i 475 171 347 478 122 766 282 144 98 593 158 123 711 199 171 613 132 322 : -30.5 1913 1913 1913 88 77 282 74 63 239 27 26 155 27 21 170 35 23 221 -20.7 i -62.9 27 26 ! +15.0 i -58. 2 -7.1 i -13.9 206 1913 1913 1913 908 21 280 23 13 54 84 '+272.0 1 -58.7 '+738.9 151 i 165 +205.9 ! +34. 1 i? 1920 99 96 93 94 93 1919 1919 1919 1919 1913 170 166 160 182 94 165 163 159 187 49 169 165 170 171 83 160 156 171 184 70 167 164 177 181 66 -3. 5 +6. 7 Canada Total trade: 837, 375 747, 216 68,183 66,250 72, 084 Imports thous. of dolls. _ 903, 614 945, 150 139, 005 Exports thous. of dolls. . 104,316 1 119,876 Exports of key commodities (quantities): 65, 531 38, 497 8, 396 10.778 Canned salmon... thous of pounds.. 12,497 108. 167 112,081 Cheese . thous. of pounds.. 25,793 i 17,050 1 15, 808 185, 439 184, 783 26,982 64, 197 Wheat thous . of bushs. . 14,288 Production: 821 62 571 29 ! 23 Pig iron thous. of long tons.. 844 623 20 ; 23 Steel ingots thous. of long tons 15, 217 14, 750 1, 851 1,715 : 1,593 Bank clearings.. mills, of dolls.. Bond issues: 160, 390 9, 000 197, 133 1,000 ! 3,720 i Govt. and provincial thous. of dolls.. 84, 952 84, 854 1, 271 14, 571 '• 1, 737 Municipal thous. of dolls 109, 144 101,515 7, 583 3, 325 i 10, 170 i Corporation thous. of dolls Employment: Total (1st of following month) index number Newsprint paper: 110,839 1, 167, 122 1, 233, 129 Production . ..short tons.. 112, 243 111,049 110, 786 1, 153, 513 1,225,563 Shipments short tons.. 111,451 111,982 20, 047 22, 339 21, 371 Stocks short tons 103, 195 I, 043, 139 1,183,413 96, 981 Exports (total printing) short tons.. 99, 812 292, 741 24, 614 15, 632 247, 390 21, 066 Building contracts awarded.. -thous. of dolls.. + 11.9 163, 163 » October, 1923. 6 -26.2 ; -3.1 ' ; +22.9 +5. 7 ! +6. 2 ; ; +13.4 ; -15.5 \ Relative to 9 months' average April to December, inclusive O ; -0.1 -7.0 in 1 204 452 2010 71 18 • 45 42 37 123 -2.8 i -8.1 +14.9 | -13.8 1 -13.8 i +28.4 -33.9 i 1 : . — 2. 2 • 91 -1.1 165 165 i +0.5 -4.3 170 176 ' -2.8 +16.8 77 i? Relative to January, 1920. +7.9 +88.8 j -58.0 i ! —5.2 +0.2 +1.1 +6.6 -6.0 +57.5 PUBLICATIONS OF THE DEPARTMENT OF COMMERCE Recent, publications of the Department of Commerce having the most direct interest-to readers of the SURVEY,OF CURRENT BUSINESS are listed below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce, at Washington. Copies; of *th^ publications may be purchaged from the Superintendent of Documents, Government Printing Office, Washington, at the prices stated* If no price is.mentioned, the^ publication is distributed free. OFFICE OF THE SECRETARY , Elimination of Waste.—^The series; which has been issued from,time to time under the title of "Simplified Practice" has been,broadened to includes new series on "Limitation of Y&riety." ^he following recommendations liave been published since the December announcement. Price, 50 each. Bodfing Slate. Simplified Practice Recommendation No, 14. Asbestos Paper and Mfflboard, Simplified Practice Recommendation No. 19. Paints,and Varnishes* limitation of Variety\BeeommendatIon No. J, BtJREAU OF THE CENSUS (For circulars giving plan of publication and distribution of census publications iwldresi the Director of the uefcsus.) ; Assessed Valuation and Tax l/evies, 156 pages, 1 illustration, prie&.20$. This report presents, for geographic divisions and States, total and per capita assessed yaluations, of. all property and of real property and improvements, subject to general property \taxes, total and per capita levies and average /tax rate/per $100 of assessed valuation; assessed valuation of all property subject to such taxes, by counties and principal classes, and the levies of taxes on such property. ; Estimated National Wealth, 47 pages, price 10^. Thisxeport covers the material wealth or value of'tangible property lopated within the limits 6f continentalUnited States. ., ! Piiblic Debt» 189 pages, 2 illustrations, price 25£. This report gives in^orihatioh relative to the growth arid netrde6t of the 'National €rovernment, tEet48 Statet, and the District of Columbia,counties, cities* etc. > , . - Taxes Collected, 162 pages", 3 illustrations, price 20£. This repprt shows the taxes collected for the National GpyernmenV ;the 48 Btates, ,and the District of Colombia, counties, cities, etc. - ; " . , ."' , , , ;. ' * •'-,-* .State Compendiums, 1920;—-Kansas, 172 pages, 8 illustrations, j)riee 350; Minnesota, t73 pages, 7 illustrations, ,price 300; Missouri, 182 page's,, 8 illustrations, price 30$; Nottb Dakota, 119 pages, 9 illustrations, price 25$; and Washington, 143 pages, 9^11^80118, price 25^. Each compendium contains detailed statistics of population, agriculture, manufactures, and mining for .the State named. A summary for the United States is also given, with a ,jiaap showing the centers of population, agricultural products, £nd manufactures; BUREAU Of FOREIGN AND DOMESTIC COMMERCE Monthly Summary erf Foreign Commerce of the IJnited States, May; 1924,—Parts I and II. Increased cost of printing has advanced the subscription price of the Monthly Summary from $1 to 3>1.25 a<year. The single-copy price Of Part I will be mt,. and of Part II/ 50. ', "- • Commerce. Reports.~A weekly survey of foreign .trade^ .cable summaries of, world conditions, and articles on situation in various commodities in foreign countries. Quarto, 56 pages. Price 100 per copy; $4 a year X$6 for foreign). Trade and Economic Review; 1923.-r-No. 28, Finland. Thie consul at Helsingfors has .submitted a statistical review of Finland's trade for 1923, .which forms the material of this report, i Statistical Abstract of the United States, 1923.-—The abstract is a statistical record of social :and economic progress in the United States. The report contains 699 tables and covers 87& pages,..,,Price, 850 (paper covers). French Finance, Goy^rnittental and Private, by David S. Green, assistant trade coinmissipner. Trade Infoririation Bulletin No. 290; 29 pages. ': A study of the financial policies Of the Drench Government is of particular interest to the American public, .and the salient features of French Governiiient finance are pointed out in this bulletin. '; Retail Store Planning, prepared in the ^Domestic Comityerce Division. Trade Information Bulletin No. 291; 9 pages. The principles:underlying the planning of the interior layout of retail stores are briefly presented in this bulletin. Sources of Foreign Credit Information, compflecj ;in the Commercial Intelligence Division. Trade Information Bulletin No. 292; £6 pages. , ' , Scandinavian Banking Situation, by Donald Frothingham, special agent of the D0partment of Commerce* Trad& infor',Bulletin No. 293; 59 pages. ;, ^ ; Tanning Materials Survey,, Part III* Quebracho, by H. M. Hoar. As a continuation of the series on essential taw materials, this bulletin reviews the origiri , and : growth of the tquebracho industry ^nd disdusses.the significanbe of its control as a matter of partfe.ujar interest ? to t)he Jeathet industry oi the United States. Trade Information Bulletin No. 295; 32 p^ges. Int^nati<>na! Trade in 19^3, by J. J; Krali Division of Statistical Research, Trade Ipforiiihtion Bulletin No. '. 298; 37 , p&ges. A concise review;of ihe, foreign trade of the5 work} as a whole is given in this, the second of an annual series in which the trade returns, of every cottntry of commercial inapoi'tafice >are reduced to a common basis in terms of , the United States dollar/. : - . - ? / . -' ." ' '• -\ ;' , ' • International Trade iti Wool, by Leslie A, JPheeler, special agent ol ,the I)epartment of .Commerce. Trade InfoTmation j Bulletin No. 301; 70 pages.' World -production (aii<i trade Jn Wopllorm tliebasis.bf this study j which is the thirte^iith of a •series on \^orld,. trade iti agricultural , products. Cooperative Entail Ad v erasing, prepared in the Domestic Commerce Divirfon. Trade;; Information Bulletin No- "302; ,ll''fpages. , ; '" - ' • •,' "''"•;, ^ \ ; - '\> •'. ? The Education of a-!tafoil Sale Force, preparedxin the, Doniestic Commerce .Division. 3?ra<Je Informatidn Bulletin Now 303; 13 pages, , : ,, , " • ' > • „; "' :: 'feOREAU OF STANDARDS , ;''", ./ -•. V Theory and Performancei of Rectifiers, by H. T>+ $. oiler aad J,,P. Schrodt. Technologic /Pa|>er No. 265; 63 p^ges, with 7 tables and 72illus. Price, 20^. ,' , Effect of Hot- Rolling Conditions on the Physical Properties of a Carbon Steel, by John E. Freeman, jr., and A, T. DerJry. Technologic Paper No. 207; 20 pages, with 4 tables and ^8 illus. Price, 100. , , Technologic Conferenee of State Utility Commission Engineers.—^Report .of conference \hel(J at Bureau of Standards, March 2 and 3, 1923. J^ttellaheous Publication No. 58^ Price, 15^. United States Crov^ernment Sjeeification for Asphalt Prepared Roofing.— Circular No. 192. Price, 6^. . v COAST A$J) GEODETIC SURVEY Radio Acoustic Method of Position Finding in Hydrographid Surveys, by N. H. Hepk, E. A, Eckhardt, ami M. Kaiser. Special Publication N6; 107; 23 pages, with 16 illus;. Price, 10^* Results of Observations, Made at the United States .Coast and Geodetic {Survey Magnetic Observatory at Cheltenham, M<i»f 1921 and 1022, Serial No. 275; 96 p^iges, With 11 illus. Price, 10^. , , ^ . r ; BUEEAtJ OF NAVIGATION American Documented Seagoing Merchant Vessels of 500 Gross Tons and Over,, December 1, 1?24. S^ria^v No. 85, This list contains- the names of aH American steam anc| sailing nierchant vessels of ,500 gross tons or over, with tonnage,, year built, name of owner, and home port. Price, 100 a copyj annual, subscription price, 75$. , Radio Service Bulletin, December I, 1924.— No. 92. Contains list of new stations, changes in preceding lists, and information concerning radio regulations> current publications, and other matters. Price, 5$. for single copy; yearly subscripi tion, ' ' .—AH orders,for radio publications listed by the Bureau of Navigatioii and1 r all inquiries concerning these publications should be addressed to $ie Superintendent of Documents, Qovernment Printing, Office, Washington, D. Or Do not jflake remittance to th© Bureau of , Navigation nor to radio inspectors. . ,' , .*< LIGMTHOC^E SERVICfe Buoy Lists, Eighth district (Cedar Keys to the Rio Grande), corrected to October 15* Ninth district (Porto Rico^and adjacent islands), corrected to November 1. , Nineteenth district (Hawaiia^ and Sainoati .Islands), corrected to Nbyeinber 1. Price, 20^ each., ' ; \ Light List, Lor/ er Mississippi (fifteenth district J.-r to Nbvehiber 15/1924. Price, 200; .'' DEPARTMENT OF CJOMMEEQE HERBERT HOOVER, Secretary of Commerce , BtJREiti^ OP FISHERIES O* MALLET, Commissioner - mm^f ;&ad gp&de*; " * .wealth, pu ncipal financial statistics of Federal-State, township gover) "A? * ial statistics of State and municipal governttdfng m^^^^mm,^ objects of ^jmefiJi, debt. statistics rela to inmates of institutions, inand juvenile deHnquenta. agriculture, a biennial census of of electrical public utili*" and power stations, The propagation of useful food fish^i, including lobsters, oysters, and other shellfish, and their distribution to suitable ' ", " " . ' ,. Investigations of fish culture, fish diseases, and for the conservation pi fishery resources and the development of commercial fisheries. ;;" V; ; The study of the methods of the fisheries and fishery industries and the utilization of fishery products. The coUection of statistics of fisheriea. " { The administration of the Alaska salmon fisheries, the tuisseai herd on the Pribilof Islands, and the lair lor the protection of • stocks and of production, anincreasCurrent The establishment ships, buoys, fcaid lake coast aad on Alaska, HawaHan Isl , MariBers, inclu<___, maintained by the maintenance of lighthouses, light* ' - to navigation on the sea and the • Deluding * and Notices to to navigation GEODETIC SURVEY ttew^iaad personal contact. ,y, technical, and American of names of . the world and So sales opportunities abroad, ve offices in 33 cities delivery of market information the department advised as to trades and industries, imports and exports, trade and commerce, the dissemination of necessary, comparison of standtfce Determination firms or organiaationa. *jHtt*HN*1lift coasts of the t^lw ie pi cation of charts needed for the navigation of the adjacent waters, including Alaska, the PhUippine Islands, Hawaii, Porto Hieo, the Virgin lalands, and the Canal Zone. A comprehensive geodetic system, extending into the Interior, connects and coordinate the surveys of the coasts, and ia designed to furnish accurately determined points and elevations in aU parts of the country. These are available as a basis for Federal, State, and municipal surveys, and engineering projects of every kind. The magnetic declination has been determined at a large number of stations throughout the country, and the ^rosjlts are^ayalMie I tt ti& use ol »n|wyonittd ^|^ee». The technical operations Include base measures,, triangulation, traverse, precise leveling, the determination of latitude and adtouttt,^ j%e,d^^B^aM^c|^^ff^o^e <3C1fe^|ude by telegraph or radio, magnetic observations and researches, the preparation of magnetic maps, the determination of the force of gravity, topography, hydrography , deep-sea soundings, water temperatures, tidal and current observations. The results are published in the form of charts on various scales, annual reports, coast pUots, tide tables (published annually in advance) , current tables, digests of geodetic publications, and special publication. -;> ;: D. B. ' CABSON, Commissioner General superintendence of commercial marine and merchant seamen. ,.* "- * t •; ^ , , c -\r^'*' ' " Supervision of registering, enrolling, licensing, numbering, etc., of vessels under the United States flag, and the annual publication of a list of such vessels. v 1 ; The enlorc«lheiBt of tie aa^f^cto imd ste^M^oat inspection laws and th© laws governing radio communication, as well aa duties connected with fees, fines, tonnage taxes, refunds, etc., originating under such laws. , .C r STEAMBOAT ^ INSPECTION SKK^CB GEORGE UHLBB, Supervising Inspector General other matters as may its researches "thV preparation of technical The inspection of vessels, the examination and licensing of the officers of vessels, and the administration of laws relating to such vessels and their officers. The certification of able ieamen who form the crewa of merchant vessels. ^ The inspection of vessels, including the types of boilers; the testing of all materials subject to tensile strain in marine boilers; theirispection of hulls and of Itfe-saving equipment, The investigation of violations of the steamboat-inspection ' * ' ' -