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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
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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 $100 of assessed valuation; assessed valuation of all
property subject to such taxes, by counties and principal classes,
and the levies of taxes on such property.
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Estimated National Wealth, 47 pages, price 10^. Thisxeport
covers the material wealth or value of'tangible property lopated
within the limits 6f continentalUnited States.
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Piiblic Debt» 189 pages, 2 illustrations, price 25£. This report
gives in^orihatioh relative to the growth arid netrde6t of the
'National €rovernment, tEet48 Statet, and the District of Columbia,counties, cities* etc.
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- Taxes Collected, 162 pages", 3 illustrations, price 20£. This
repprt shows the taxes collected for the National GpyernmenV
;the 48 Btates, ,and the District of Colombia, counties, cities,
etc. - ; " . ,
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.State Compendiums, 1920;—-Kansas, 172 pages, 8 illustrations, j)riee 350; Minnesota, t73 pages, 7 illustrations, ,price
300; Missouri, 182 page's,, 8 illustrations, price 30$; 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.
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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.
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Scandinavian Banking Situation, by Donald Frothingham,
special agent of the D0partment of Commerce* Trad& infor',Bulletin No. 293; 59 pages. ;,
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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/. : - . - ? / . -' ."
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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.
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The Education of a-!tafoil Sale Force, preparedxin the, Doniestic Commerce .Division. 3?ra<Je Informatidn Bulletin Now
303; 13 pages,
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'feOREAU OF STANDARDS , ;''", ./ -•. V

Theory and Performancei of Rectifiers, by H. T>+ $. oiler aad
J,,P. Schrodt. Technologic /Pa|>er No. 265; 63 p^ges, with
7 tables and 72illus. Price, 20^.
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Effect of Hot- Rolling Conditions on the Physical Properties
of a Carbon Steel, by John E. Freeman, jr., and A, T. DerJry.
Technologic Paper No. 207; 20 pages, with 4 tables and ^8 illus.
Price, 100.
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Technologic Conferenee of State Utility Commission Engineers.—^Report .of conference \hel(J at Bureau of Standards,
March 2 and 3, 1923. J^ttellaheous Publication No. 58^
Price, 15^.
United States Crov^ernment Sjeeification for Asphalt Prepared Roofing.— Circular No. 192. Price, 6^.
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COAST A$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^.
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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,
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.—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., '
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Light List, Lor/ er Mississippi (fifteenth district J.-r
to Nbvehiber 15/1924. Price, 200;
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DEPARTMENT OF CJOMMEEQE
HERBERT HOOVER, Secretary of Commerce

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BtJREiti^ OP FISHERIES
O* MALLET, Commissioner
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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

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Investigations of fish culture, fish diseases, and for the conservation pi fishery resources and the development of commercial fisheries. ;;" V;
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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
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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.
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D. B.
' CABSON, Commissioner
General superintendence of commercial marine
and merchant
seamen. ,.*
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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
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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.
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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.
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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

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