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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

JANUARY

No. 53

1926

CONTENTS
TEXT MATERIAL

Page

Preliminary summary for December
'Course of business in November:
General conditions
Summary of indexes of business
Review by principal branches of industry and commerce.

1
6
7
8

BASIC CHARTS

Business indicators
Wholesale prices in December
"Production, stocks, and unfilled orders...
Employment in manufacturing industries

2
4
7
24

GENERAL TEXT TABLES

Business indicators
Wholesale price comparisons
Business summary
.
Indexes of business (production, prices, sales, etc.)

3
5
6
25

TREND OP BUSINESS MOVEMENTS

Textiles
Metals and fuels
.
Automobiles and rubber.
Hides and leather
Paper and printing
__
Buttons and glass
Building construction and housing
Chemicals and oils
Foodstuffs and tobacco
Transportation and public utilities
Employment
Distribution movement
Banking and finance and foreign exchange
United States foreign trade
Canadian trade and industry

Page

28
29
32
33
34
35
, 35
38
39
41
44
45
46
48
49

NEW DETAILED DATA

Face brick, book paper, fuel consumption, miscellaneous. 22, 23

PRELIMINARY SUMMARY FOR DECEMBER
Industrial production in December was at a higher
rate than in November, with increases in the production of pig iron, steel ingots, zinc, locomotives and
steel ships, deliveries of tin and silk, receipts of wool,
and meltings of sugar by refineries, while smelter
output of copper declined slightly. December output was also larger than in December, 1924, for these
commodities except locomotive and ship construction and wool receipts. Unfilled orders for steel
and locomotives increased considerably during December and in both cases were higher than a year ago.
Concrete paving contracts were larger than in November but less than in December, 1924, while more
patents were granted than in either the previous
month or a year ago.
With a large holiday trade, sales of mail-order
houses and the 10-cent chains reached record levels,
.and similarly postal receipts and bank clearings
were considerably larger than a year ago, an increase
of 14 per cent being made by mail-order sales over
December, 1924, Loadings of freight cars were
76014—26f

1




seasonally smaller than in November, but showed a
gain of 6 per cent over the corresponding month of 1924.
Business failures made the usual year-end increase,
but were smaller than a year ago in both number and
liabilities. Interest rates averaged about the same
as in November, but were higher than a year ago.
Large increases over both periods occurred in the
discounts of the Federal reserve banks, while reserves
and the reserve ratio were lower. The amount of
money in circulation increased over November and
was larger than a year ago in total, but smaller on a
per capita basis. Stock transactions were smaller
in number than in November and in about the same
volume as in December, 1924.
The price movement in December was mixed.
Foodstuffs and farm products except corn, cotton,
and meat animals generally moved upwards, while
metals, petroleum, coke, rubber, and textile and
leather goods were generally lower. Prices of iron
and steel and silk were important exceptions to the
declines in their respective groups.

BUSINESS INDICATORS: 1920-1925
[Ratio charts—see explanation on inside front cover. Except for "Net freight ton-miles," latest month plotted is November, 1925; October is latest plotted for "Net
^freight ton-miles/' while the curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing productibn for the varying number
Hi of working days]

I920 1 1321' 1922 1923' I924'I925
RELATIVE TO 1913 AS 100

I920 1 1921 '1922' 1923 ' 1924' 1925
RELATIVE TO 1919 AS 100

100

PRICES 25 INDUSTRIAL STOCKS
:
i
i
_j
INTEREST RATES, COMMERCIAL PAPER

80
200
WHOLESALE TRADE. 6 LINES

DEPT. STORE TRADE (359 STORES)

HOLESALE PRICES (DEPT.OF LABOR)

MAIL-ORDER SALES
(4 HOUSES)
(DEPT. OF AGRICULTURE)

GENERAL MANUFACTURING PRODUCTION
(64

COMMODITIES)

LUMBER PRODUCTION
( 5 SPECIES)

300
200 \

100
80
60

40

h^"V>
\
• ^^^

y«* ^V
^-—

—-g^-—

—^N5^

^

!

^
^^

rs^r
^^

UNF LLED STEEL ORC\erpo

AUTOMOBILE PRODUCTION
( PASSENGER CARS AND TRUCKS)

FACTORY

EMPLOYMENT

NET FREIGHT TON-MILES

40




300
200

-BUSINESS FAILURES.PEFAULTED LIABlLiTIES"

1920 1921 ' 1922 1923 1924 1925

CONTRACTS
£7 STATES)

1920 1921 1922 1923 1924 1925

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 15, 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 freight ton-miles, which shows October.
195$

1924

MONTHLY AVERAGE
COMMODITY

1990

mi

1922 1923 1924 Sept. Oct. Nov. Dec.

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

1913 monthly average- 100

Production:
Pig iron
Steel ingots
._ _
.
Copper.. . ...
Cement (shipments).
._
Anthracite coal
.
. ...
Bituminous coal
Electric energy (gross revenue sales)
Crude petroleum
.
....
Cotton (consumption)
Beef
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum
Cotton (total).
Prlces:i
Wholesale index
Retail food
Retail coal, bituminous
.. . . .
Farm products
Business finances:
Defaulted liabilities
._ .
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Clearings, New York City
Clearings, outsideCommercial paper interest rate
..
Distribution:
Imports (value) „
.... „„_
Exports (value)
j
Sales, mail-order
...
Transportation:
Freight, net ton-miles
__,, .

106 118
138 154
132 138
240 207
1
1
117 133
450 495
313 311
104 117
144 173
«7 122

118
155
131
138
2
127

63

70

78

85

56

130

185

216

237

160
160
159
149

160
160
160
152

tfO

158
167
179
144

156
167

168
144

158
162
170
143

161
248
96

151
256
97

Ifi3
272
101

134
280
102

129
300
103

157
300
106

160
305
111

302
297
70

305
317
70

297
323
71

256
293
72

276 ,329
313 353
80
76

298
319
79

342
348
79

233
193
322

219
179
262

218
156
271

218
164
248

228
184
255

234
203
309

250
237
464

252
216
396

264
226
473

123

136

131

139

153

151

161

149

120
135
99
108
93
119
283
178
105
119
113

54
64
38
107
99
87
312
189
97
113
117

87
114
80
131
58
85
349
224
109
126
130

130
144
120
153
104
118
407
295
117
130
160

101
122
128
164
99
101
434
285
99
133
151

80
112
124
228
100
106
397
288
94
146
103

97
124
134
231
101
121
427
289
114
167
118

98
124
133
139
89
106
462
272
106
149
152

116
141
131
74
97
116
506
273
114
134
191

132
166
144
69
97
130
522
287
127
146
199

126
149
134
81
94
98
480
261
118
105
152

139
166
145
139
93
94
457
292
125
12y
lift

127
142
137
195
98
85
449
2«7
128
131
109

114
137
137
226
107
89
429
329
114
132
116

104
127
136
237
102
93
421
322
106
127
136

104
122
133
245
109
99
419
325
104
145
107

106
136
132
249
113
113
429
323
96
135
96

170

90

96

102

68

69

60

68

82

85

89

82

75

89

63

60

59

127
155

152
198

234
153

287
125

338
112

350
84

348
161

346
190

338
193

335
172

337
150

337
126

340
103

344
80

61

45

226
203
207
205

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

149
147
164
132

152
149
169
138

153
150
171
137

157
152
171
139

160
154
170
146

161
151
172
146

161
151
169
151

156
151
161
147

155
152
159
146

157
155
158
148

108
184
67

229
136
64

228
169
75

197
185
72

198
198
81

150
201
85

158
202
84

136
213
92

198
231
95

238
233
96

176
238
98

149
235
95

163
233
92

162
245
96

257
275
134

205
212
118

230
230
80

226
276
90

264
284
71

245
277
57

274
314
57

284
290
59

325
317
64

339
322
66

267
273
66

296
309
71

290
308
72

294
331
264

140
181
188

177
154
204

212
168
259

201
185
284

192
207
279

208
255
364

198
238
351

224
214
411

232
216
308

223
179
299

258
219
318

137

105

115

139

131

143

158

139

128

135

123

129

189

298
117
137
127

127
158
134
94
132

124

143

1919 monthly average— 100
Production :
Lumber*. .
Building contracts... ._
. _.
Stocks:
Heef
Pork
Business finances:
Bond prices (40 issues).
Banking:
Debits outside New York City
Federal ReserveBills discounted
Total reserves
..
.
Ratio

.

102
72

86
69

117
102

133
106

129
108

135
93

140
102

126
105

110
100

121
91

122
83

136
138

143
157

146
148

151
143

141
145

154
166

153
165

157
148

140
146

137

66
98

42
83

29
70

32
91

34
88

20
61

28
44

12
46

60
70

59
85

55
94

49
90

41
88

31
81

26
96

2

19
76

17
59

20
46

31
46

36
57

86

87

107

104

108

109

110

110

110

110

111

111

111

113

114

112

111

111

111

112

112

114

91

95

107

108

104

119

107

124

127

106

121

117

116

124

123

113

119

137

122

137

132
97
80

91
122
122

28
144
154

39
146
152

19
146
160

13
144
160

12
143
157

11
143
154

16
139
145

14
141
155

22
138
151

21
137
154

21
137
154

21
136
153

24
135
153

24
134
154

30
132
149

33
131
144

30
132
144

32
131
142

39
129
134

» Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
> Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000 000
board feet reported by the census.




WHOLESALE PRICES IN DECEMBER
[Bars denote percentages of increase or decrease in the wholesale prices of specified commodities as compared with the same month of 1924 and 1923]
COMPARISON WITH SAME MONTH
1924
DECREASE
INCREASE

COMPARISON WITH
PREVIOUS MONTH
DECREASE INCREASE

COMMODITIES

20

JO

Q

IQ

20

50 40

30

20

10

0

10

20

30

40

50

COMPARISON WITH SAME MONTH
1923
DECREASE
INCREASE
60

70

8050 40

30

20

10

0

10

20

30

40

50

60 70

10

Q

10

20

30

40

50

60

FARM PRODUCTS, AVERAGE ^RICE TO PRODUCER
WHEAT
CORN
"POTATOES;
COTTON
COTTONSEED-CATTLE, BEEF HOGS
LAMBS
WHEAT, SPRING
WHEAT. WINTER--CORN NO. 2
OATS--BARLEY
RYE,N0.2

-

TOBACCO. BUCKLEYCOTTON
-~

-

"
—

WOOL ^ GREASE { BOSTON)CATTLE, STEERS
HOGS, HEAVY

-

(SHEEP, EWES"-SHEEP, LAMBS- —
FLOUR, SPRING-

—

FLOUR, WINTER
SUGAR, RAW
SUGAR. GRANULATED- —
COTTONSEED OIL
BEEF, CARCASS
—
BEEF, STEER ROUNDS
—•
HAMS, SMOKED (CHICAGO)—COTTON YARNCOTTON PRINT CLOTH
—
COTTON, SHEETING
WORSTED YARNWOMEN'S DRESS GOODS
SUITINGS
SILK, RAW
HIDES, PACKER'S
*—HIDES. CALFSKINS
LEATHER, CHROME (BOSTON )-JJEATHER. SOLE, OAK
BOOTS AND SHOES (BOSTONS-BOOTS AND SHOES (ST. LOUIS)
COAL. BITUMINOUS COAL. ANTHRACITECOKE
PETROLEUM
PIG IRON, FOUNDRY
PIG IRON. BASIC
STEEL BILLETS, BESSEMER
COPPER
LEAD
TIN-

'-

ZINC
LUMBER, PINE, SOUTHERN
LUMBER, DOUGLAS FIR
BRICK, COMMON
CEMENT
-

NEWYORK,)--

STEEL BEAMS
^RUBBER CRUDE — SULPHURIC ACID




™

20

10

Q

10 20 SO 40 30

DECREASE INCREASE

20

10

0

I0

2°

DECREASE

30

40

50

60

70

80

90 100

INCREASE
* NO CHANGE

** NO QUOTATION,

20

DECREASE

INCREASE

70 80

WHOLESALE PRICE COMPARISONS
NOTE.—Prices to producer on farm products and market price of wool are from U. 8. Department of Agriculture, Bureau of Agricultural Economics; nonferrous nietala
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent
prices to producer or at mill. See diagram on page 4.
PER CENT

ACTUAL PRICE

Unit

COMMODITIES

RELATIVE PRICE

INCREASE (+) OR
DECREASE (— )

(dollars)

(1913 average=100)

Decem- December, 1925, ber, 1925,
from
from
Novem- December, 1925 ber, 1924

November,
1925

December,
1925

December,
1924

+8.9
-33.0
+214. 4
-27.5
-21.4
+15.5
+25.3
+15.6

188
121
332
151
127
104
142
199

194
114
338
145
128
105
140
208

178
171
107
200
163
91
112
180

+9.7
+5.0
-5.2
+4.7
+0.1
+21.1
0.0
-2.9
+1.9
-5.0
-3.9
+18.8
+4.5

+4.8
+1.5
-35.4
-2,9.4
-23.4
-26.1
+2.0
-1-5. 1
-21.4
+5.2
+9.2
+6.4
-0.3

177
174
135
107
114
135
189
162
216
124
135
145
196

194
182
127
112
115
163
189
158
220
118
130
172
205

185
179
197
159
150
221
186
186
280
112
119
162
205

8.895
7.788
.053
.072
.114
.183
.125
.207

+7.5
+3.6
+2.5
+3.9
+5.0
-4.5
-8.4
-0.7

+3.2
+1.3
-22.6
—26.4
-7.0
-7.1
+4.8
+35.3

186
198
115
120
140
137
109
170

200
205
118
123
146
131
100
168

194
202
151
169
158
141
95
125

.402
.061
.103
1.550
.800
3.600
6.811
.156
.192
.460
.460
6.40
5.13

.446
.068
.108
1.950
.775
3.690
6.321
.174
.209
.480
.480
6.25
5.00

-1.2
-3.2
-4.6
-3.1
0.0
0.0
+3.7
-4.3
-3.0
0.0
-2.1
0.0
-0.4

-9.9
-10.3
-4.6
-20.5
+3.2
-2.4
+7.8
-10.3
-8.1
-4.2
-4.2
+2.4
+2.6

164
182
176
206
254
233
180
89
105
171
105
206
163

162
177
167
200
242
233
187
85
102
171
103
206
162

180
196
176
251
246
239
174
95
111 i
178
107 [
201
158 :

3.39

3.39
11.73
4.04
1.195

0.0

0.0

+10.1
+29.7

154
213
282
170

154

-35.3
-2.4

182
166

154 :
221 1
165
128 j
\

November, 1925

December, 1925

December, 1924

Bushel
Bushel
Bushel
Pound
Ton
Pound
Pound
Pound

1 488
756
1 984
181
27 64
.0614
.1066
.1215

1.537
.707
2.015
.174
27.87
.0618
.1051
.1267

1.411
1.056
.641
.240
35.48
.0535
.0839
.1096

+3.3
-5.2
+1.6
-3.9
+0.8
+0.7
-1.4
+4.3

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt
Pound
Pound
Cwt
Cwt
Cwt
Cwt

1.612
1. 711
.841
.403
.715
.857
25.00
.208
.54
10. 575
11.320
6.785
15. 250

1.768
1.796
.797
.422
.716
1.038
25. 00
.202
.55
10. 044
10. 881
8.063
15. 938

1.687
1.769
1.233
.598
.935
1.404
24.50
.238
.70
9.55
9.96
7.58
15.98

Barrel
Barrel— -.
Pound
Pound
Pound
-- Pound
Pound
Pound. __-.

8.538
7.613
.040
.051
.101
.178
.143
.282

9.180
7.888
.041
.053
.106
.170
.131
.280

Pound
Yard
Yard
Pound
Yard
Yard
Pound
Pound
_. Pound
Square foot.
Pound
Pair
Pair

.407
.063
.108
1.600
.800
3.600
6.566
.163
.198
.460
.470
6.40
5.15

3.39
Short ton
11. 29
Long ton
Short ton__ 6.88
1.588
Barrel-

"I'll
1.550

FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS
Wheat
Corn
Potatoes
Cotton
Cattle beef
Hogs , ...
Lambs

-

.--

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 & blood combing Ohio and Pennsylvania fleeces (Boston)
Cattle, steers good to choice, corn fed (Chicago)
-Hogs, heavy (Chicago)
-- Sheep, ewes (Chicago)
Sheep, lambs (Chicago)
_
FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
...
Sugar, 96° centrifugal (New York)
Sugar, granulated in barrels (New York)
Cottonseed oil prime summer yellow (New York),*.
Beef, fresh carcass good native steers (Chicago) .".
Beef fresh steer rounds No 2 (Chicago)
Pork, smoked hams (Chicago) .

-

;

i

CLOTHING
Cotton varns 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, French, 35-36 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Silk, raw Japanese, Kansas No. 1 (New York)
Hides, green salted, packer's heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather chrome calf, dull or bright "B" grades (Boston)
Leather, sole, oak, scoured backs, heavy (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis) .
FUEL
Coal, bituminous, mine run lump (Cincinnati),.
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace — at ovens
Petroleum, crude, Kansas-Oklahoma— at wells
METALS

Copper ingots, electrolytic, early delivery (New York)
Lead pig, delivered, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slpb, western (St. Louis) .. ..
!

Pound
Pound
Pound
Pound

24.75
.1435
.0974
.6214
.0861

22.26
20.00
35.00
.1387
.0931
.6195
.0857

22.96
20.90
36.00
.1426
.0921
.5572
.0737

+0.5
+0.6
+0 7
-3.3
-4.4
-0.3
-0.5

-3.0
-4.3
28
-2.7
+1.1
+11.2
+16.3

138
135
135
94
223
140
157

139
136
136
91
213
140
156

143
142
140
93
211
126
134

Mfeet
Mfeet
Thousand-

48.27
16.50
14.75

49.83
15.50
14.75

44.42
16.50
13.50

+3.2
-6.1
0.0

+12.2
-6.1
+9.3

210
179
225

216
168
225

193
179
206

0.0
0.0
-10. 4
0.0

-1.8
-2.5
+142. 5
0.0

163
129
106
70

163
129
95
70

166
131
39
70

22.14
Long ton
Long ton... 19.88

Pig iron, foundry No. 2, northern (Pittsburgh) . .
Pig iron, basic, valley furnace
.

BUILDING MATERIAL AND MISCELLANEOUS

Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district)
Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (Washington)
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b., plant (Chicago
district)
_.
1 Steel beams, mill (Pittsburgh)
! Rubber, Para, Island, fine (New York) .
__ _
Sulphuric acid, 66° (New York)




Barrel
Cwt
Pound
Cwt

1.65
1.95
.853
.70

1.65
1.95
.764
.70

1.68
2.00
.315
.70

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. 23]
YEARLY
AVERAGE

PER CENT INCREASE (+)
OR DECREASE (— )

1924

1925

NovemSepber
tember October

SepNovemtember October
ber

November,
]925, from
October,
1925

November,
1925, from
November,
1924

1923

1924

119

113
131
117
102
121
144
106

113
118
123
117
118
119
152
108

114
152
128
110
193
119
148
93

116
179
135
112
246
123
160
102

114
156
120
125
195
114
156
105

122
150
125
105
191
129
169
155

132
157
132
115
196
135
183
148

129
145
124
119
174
120
178
146

2. 3
7 6
-6.1
+ 3. 5
11. 2
-11. 1
-2.8
-1. 4

+ 13.2
7 1
+ 3.3
4 8
10 8
+ 5. 3
+ 14.0
+ 39.0

STOCKS (45 commodities; seasonal adjustment)
UNFILLED ORDERS (relative to 1920) _

119
74

135
52

134
46

135
43

135
53

149
52

132
53

133
58

+ 0.8
+ 9.4

1. 5
+ 9. 4

SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade
Department stores (359 stores) .. . .

99
165
83
124

105
185
82
125

106
169
92
119

141
203
95
141

131
199
84
141

113
191
94
122

170
237
101
165

144
220
88
145

15 3
7 2
12. 9
-12. 1

+ 9.9
+ 10.6
+ 4.8
+ 2.8

65
75
78
94

64
73
78
95

63
72
79
95

66
74
80
96

66
74
81
96

68
77
87
99

69
77
90
99

+ 1.5
0.0
+ 3.4
0.0

+ 4.5
+ 4.1
+ 11.1
+ 3. 1

CHECK PAYMENTS (141 cities— Seasonal adjustment)
FACTORY EMPLOYMENT (1919 base)

69
78
85
98
«

103
93

109
84

110
81

109
81

110
81

127
84

132
85

127
86

-3.8
+ 1.2

+ 15.5
+ 6.2

TRANSPORTATION :
Net freight ton-mile operation _
Car loadings (monthly total)
Net available car surplus (end of mo.) _ _

115
119
25

108
116
139

118
119
70

131
156
59

115
112 1
111

125
123
85

133
159
66

123
117
83

-7.4
26 4
+ 25.8

+ 7.1
+ 4.5
-25. 2

PRODUCTION:
Manufacturing (64 commodities— Adjusted) *
Raw materials, total
Minerals
Animal products
Crops
Forest products.
Electric power
Building (awards— floor space)

PRICES (recomputed to 1919 base) :
Producers', farm products
Wholesale, all commodities
Retail food
Cost of living (including food) -

i See p. 28, Jan., 1925, issue (No. 41), for details of adjustment.

COURSE OF BUSINESS IN NOVEMBER
GENERAL CONDITIONS
Considering the length, of working time, industrial
output in November was maintained at 2 per cent
below high level recorded for the previous month, the
general average for all industries being 16 per cent
above November, 1924. Such basic commodities as
pig iron, steel ingots, railroad locomotives, and zinc
continued the increases recorded in October, while
the consumption of cotton by textile mills, with
allowance for the difference in the length of month,
also continued its upward tendency. Although
awards for new construction were smaller than in
October, the November lettings were substantially
ahead of November, 1924.
Paralleling the high level of industrial output was
an increase over both the previous month and a year
ago of more than 10 per cent in the unfilled bookings
of producers of iron, steel, and building materials.



Stocks of commodities, after allowance for normal
seasonal tendencies, showed little change from either
the end of October or November, 1924.
» Distribution of merchandise by rail and water,
seasonal conditions considered, was larger than in
either the preceding month or November, 1924.
Sales of goods by mail-order houses and 10-cent
chains, though seasonally smaller than in October,
were well above a year ago, while department store
trade was maintained at the October high level, the
November sales volume being 3 per cent greater than
that of a year ago. The usual seasonal decline from
October occurred in the volume of wholesale trade,
with the November total 4 per cent ahead of November, 1924.
Although average wholesale prices were 3 per cent
higher in November than a year ago, no perceptible

change was noted from the quotations of the preceding month. Employment continued to show increases,
with an advance of 6 per cent over November, 1924,
in the number of industrial workers engaged and 9
per cent in the amount of pay roll. Sales of life
insurance, though smaller than in October, were
larger than a year ago.
Bills discounted by Federal reserve banks increased
during November and at the end of that month
were almost three times as large as a year ago while
total reserves and the reserve ratio continued to
decline. Loans and discounts of member banks
continued to mount while investments were declining.

Interest ratesjbn call| loans j.averaged lower than in
October and were almost twice as high as a year ago,
while rates on commercial paper, though higher than
a year ago, showed relatively little change from the
preceding month. Dividend and interest disbursements scheduled for payment during December were
considerably higher than in either the previous month
or a year ago, while average prices for industrial stocks
in November were lower than in October, though prices
for railroad stocks averaged higher. Business failures
were larger both in number and in defaulted liabilities
than in either the preceding month or November,
1924.

SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

Manufacturing output in November, at 29 per cent
above the 1919 average, with allowance for length of
working time and 13 per cent above November of a
year earlier, showed the following group increases over
a year ago: Iron and steel, 24 per cent; lumber, 16
per cent; oils and chemicals, 9 per cent; paper and
printing, 12 per cent; tobacco products, 9 per cent;
stone and clay products, 9 per cent; textiles, 4 per cent;
nonferrous metals, 5 per cent; and food-stuffs, 3 per
cent, with a decrease from November, 1924, in the
output of leather and its products.
The production of raw materials was smaller in
November than in either the previous month or a
year ago, increases over November, 1924, in the out-

put of mineral and forestry products being insufficient
to offset declines in the marketings of animal products
and crops. Declines from a year ago in the marketings of animal products were general with the exception of fish and milk, which showed increases. For
crops similar conditions existed, with an exception in
the marketings of cotton and miscellaneous products,
which increased over a year ago.
Among the minerals, increases over November,
1924, were recorded in the output of petroleum,
bituminous coal, iron ore, lead, and zinc, with declines
in anthracite coal, copper, gold and silver. For
forestry products, increased output was registered in
lumber and wood distillation while declines from a
year ago were recorded in pulpwood and gum.

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average=100. This chart shows stocks of manufactured commodities only, while adjustment has been made for both stocks and production for the respective
seasonal movements. Unfilled orders are principally those for iron, steel, and building materials. November, 1925, is latest month plotted, the production curve being
based on preliminary figures, which were 3 points higher than the later figures presented in the text.]
160




8
COMMODITY STOCKS

Stocks of commodities held at the end of November
showed little change from the previous month and a
year ago, after adjustment for seasonal conditions.
Increases over November 30, 1924, in the holdings of
raw materials for manufacture, amounting to 12 per
cent and in the stocks of manufactured commodities
of 10 per cent, balanced declines of 16 per cent in raw
foodstuffs stocks and 14 per cent in inventories of
manufactured foodstuffs.
SALES

The unfilled order index of iron and steel and
building materials increased 9 per cent over both
the preceding month and November a year ago.
Iron and steel unfilled orders were 9 per cent higher
than in October and 12 per cent higher than a year
earlier and orders for building materials 7 per cent
higher than in October and 2 per cent greater than
in November, 1924.
The index of wholesale trade increased 5 per cent
over November of last year, the decline from October
being largely of a seasonal character. All groups
participated in the general increase over a year ago,
the increases, in value of sales, ranging from 1 per
cent for drugs to 13 per cent for meats.
Sales of mail-order houses were 15 per cent smaller
than in October, but 10 per cent greater than a year
earlier, as seen from reports from 4 houses. Sales
by 10-cent, music, grocery, drug, and candy chains
also recorded larger volume than in November, 1924,
while declines from a year ago were registered in the
sales of cigar chains and shoe chains. Department
store sales were also smaller than in October; but were
3 per cent larger than a year ago. Department store
merchandise stocks increased during November both
as compared with October and a year ago.
PRICES

Average prices received by farmers in November
showed an increase of almost 1 per cent from October

and 5 per cent over a year ago. Advances over the
previous month were general, except for meat animals
and cotton, which declined; while, as compared with
the preceding year, prices for grain, cotton, and unclassified commodities were alone lower.
Wholesale prices, as seen from the Department
of Labor index, showed no change in the general
level which prevailed during the preceding month
but averaged 3 per cent higher than a year ago.
Prices for food, fuel and lighting, metals and metal
products, building materials and miscellaneous goods
increased over October, but these increases were insufficient to offset the decline which occurred in the
prices of farm products, cloths and clothing and
house-furnishing goods. Increases were shown in the
wholesale prices for producers' goods and consumers'
goods over the preceding month, while raw products
declined. Commercial indexes showed higher prices
in November than in the preceding month.
The cost of living index continued to rise, standing
for November at something less than 4 per cent above
a year ago, the principal increase, over both the previous month and a year ago, occurring in the cost of
food.
EMPLOYMENT

Industrial employment was 1 per cent greater than
in October and 6 per cent larger than a year ago, with
all industrial groups showing increases over last
year with the exception of food and tobacco products.
The greatest increase in industrial employment was
registered in vehicle factories and chemical plants
with no change noted from a year ago in lumber plants.
Reports from States and cities indicate that the increases in employment were practically general over
the country.
Factory pay rolls, while recording no change from
the preceding month, were 9 per cent above a year
ago, with the greatest increase, amounting to 20 per
cent, in vehicle factories, principally automobile,
and only leather pay rolls showing a decline from the
previous year.

REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Receipts of wool at Boston were smaller than in
October, the decline in the total being due to smaller
arrivals of foreign wool. As compared with November, 1924, wool receipts were smaller both as respects
domestic and foreign wools. For the year thus far,
an increase of about 2 per cent was registered over the
first 11 months of 1924 in wool receipts. Imports
of unmanufactured wools were larger by 5 per cent
and 53 per cent, respectively, than in October and a
year ago, while for the first 11 months the amount




of wool imported was 34 per cent greater than the
corresponding movement in 1924.
The consumption of wool by textile mills was smaller
in November than in the previous month, this decline
being very largely due to the shorter month. Woolen
machinery showed increased spindle-hour activity as
regards all looms and carpet and rug machinery with
declines from October noted in the activity of all
spindles. Prices of raw wool advanced 6 per cent over
October, but the prevailing quotations were 12 per cent
below a year ago. No changes were recorded in the

prices for dress goods and men's suitings, but declines
of 3 per cent occurred in worsted yarn prices from
October.
Ginnings of cotton at the end of November were
13 per cent greater than a year earlier while the
receipts of cotton into sight in November were 6 per
cent larger than a year ago. Exports of unmanufactured cotton, though smaller than in either the
preceding month or November, 1924, were 32 per
cent larger for the calendar year thus far than during
the same period of 1924. Consumption of cotton
by textile mills was smaller than in October but 10
per cent larger than a year ago and, if allowance were
made for the shorter month, the November totals
would show an increase in activity in cotton mills
over the preceding month. For the year thus far
cotton consumption was 17 per cent greater than
during the first 11 months of 1924.

ceding month and a year ago, while the totals for the
year thus far were 20 per cent greater than was registered for the same period of last year.
Wholesale prices of raw cotton averaged 6 per cent
and 14 per cent, respectively, lower than in the previous month and in November, 1924. Prices for
cotton yarns and print cloth were likewise lower in
November.
SPINDLE ACTIVITY IN COTTON MILLS
[November, 1925, is latest month plotted]

RAW COTTON CONSUMPTION AND EXPORTS
[November, 1925, is latest month plotted]

1921

Stocks of cotton held at mills and warehouses at the
end of November were 14 per cent greater than a year
ago, with an increase of 39 per cent over November
30, 1924, in the holdings at mills. The world visible
supply of cotton was 17 per cent higher at the end of
November than a year earlier.
More cotton spindles were active in November
than in the preceding month and, despite a decline
in the spindle-hour activity, the percentage to capacity
recorded an increase of 7 per cent over October and 9
per cent over November, 1924. Billings of finished
cotton goods were smaller than in October but larger
than a year ago, while the operating activity of cotton
finishers showed similar comparisons. Exports of
cotton cloth, though smaller than in either October or
a year ago, were, for the first 11 months of 1925, 14
per cent greater than during the corresponding period
of 1924. Fine cotton goods produced in the New
Bedford district showed a decline from both the pre76014—26f
2




Imports of raw silk in November were 6 per cent
smaller than in October but 7 per cent greater than
a year ago, while deliveries of silk to consuming
establishments were 11 per cent smaller than in the
previous month and 27 per cent greater than a year
ago. Silk deliveries during the first 11 months of
1925 were 38 per cent greater than in the same period
of 1924. Stocks of silk held at the warehouses at
the end of November were 16 per cent smaller than a
year ago. The wholesale price of silk in the New
York market, though averaging 2 per cent below
quotations in October, was 6 per cent higher than a
year ago.
Imports of burlap were smaller than in October
but larger than a year ago while for unmanufactured
fibers imports were larger than in October and smaller
than in November, 1924. In the case of both burlap
and fibers the arrivals from abroad during the first
11 months of 1925 were greater than during the same
period of 1924.

10
IRON AND STEEL

Shipments of iron ore from the mines were more
than twice as great in November as a year ago while
for the calendar year an increase in this movement
over the previous year amounting to 27 per cent was
recorded. Consumption of iron ore, though smaller
than in October because of the shorter month, was
23 per cent higher than a year ago, while for the 11
months ending November 30, the increase over the
same period of 1924 amounted to 20 per cent. Stocks

of iron ore were 2 per cent larger on November 30
than the holdings of a year ago.
Production of pig iron in November showed no
change from October, but was 20 per cent larger than
in November, 1924, making the increase in the total for
the first 11 months 18 per cent over the same period
of 1924. Merchant pig iron production showed an
increase in November both as respects the preceding
month and a year ago. More pig iron furnaces were
in blast at the end of November than at the end of
either the preceding month or a year ago.

PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[November, 1925, is last month plotted]
14,000

600

The production of steel ingots was larger than in
October, the November output being 25 per cent
above a year ago. For the first 11 months of 1925,
steel ingot production was 21 per cent greater than
during the corresponding period of 1924. The output
of steel sheets by independent mills, though 4 per
cent smaller than in October, was 49 per cent ahead
of November, 1924, while the total for the year
through November was 34 per cent greater than for
the same period of 1924. Unfilled orders for steel
registered increases of 12 per cent and 14 per cent,
respectively, over the preceding month and November a year ago. Corresponding increases in the forward business of independent steel mills were noted
as compared with both these periods.
Bookings of steel castings were 14 per cent greater
than in October but 6 per cent smaller than a year ago,
an increase of 14 per cent in the orders for miscellaneous
bookings as compared with November, 1924, being
insufficient to offset the decline of 23 per cent in railroad specialties. Bookings of fabricated structural
steel declined from both the preceding month and
November, 1924, but for the year thus far an increase
of 13 per cent was registered over the first 11 months
of 1924. New bookings of fabricated steel plate,
although larger than in October, were smaller than
a year ago. Wholesale prices for iron and steel
averaged higher than in October.



New orders for machine tools were 8 per cent
greater than in October and more than twice as large
as a year ago. New sales of foundry equipment also
increased over both the previous month and a year
ago. New orders for power pumps, although smaller
than in October, were well above November, 1924.
NONFERROUS METALS

The mine production of copper was 4 per cent
smaller than in October and 1 per cent smaller than a
year ago, while the total output at the mines during
the first 11 months of 1925 was 7 per cent greater than
a year ago. Smelter production of copper, although
smaller than in October, was 5 per cent greater than
in November, 1924. The world production of blister
copper was 4 per cent smaller in November than in
the preceding month and 9 per cent greater than a year
ago, while the total for the first 11 months was 6 per
cent larger than the output during the corresponding
period of 1924. Domestic shipments of refined copper
in November were 8 per cent and 42 per cent greater,
respectively, than in either the previous month or a
year ago. Copper exports declined from both the
preceding month and a year ago, while for the year
thus far a decline of more than 1 per cent was noted
from the corresponding period of 1924 in the copper
shipments abroad. Stocks of refined copper held in
North and South America were 7 per cent smaller at

11
the end of November than the holdings of the previous
month. Stocks of blister, on the other hand, were
1 per cent greater than the holdings of a month earlier.
COPPER PRODUCTION AND EXPORTS
[November, 1925, is latest month plotted]

at the end of October were greater than at the end
of either the previous month or a year ago, while
the price of lead at New York was higher in November than in either of these comparative periods.
Consumption of Babbitt metal declined in November
from the previous month. Shipments of fire extinguishers were likewise smaller than in October.
RELATIVE PRODUCTION AND STOCKS OF ZINC
[1913 monthly average=100. November, 1925, is latest month plotted]

The consumption of tin as indicated by deliveries to
mills was smaller in November than in either the preceding month or a year ago but the total for the first
11 months of 1925 was 17 per cent greater than during
the same period of 1924. Stocks of tin held in the
United States were 23 per cent and 9 per cent smaller,
respectively, than the holdings at the end of October
and a year ago. Tin imports in November were 29
per cent smaller than in October and 9 per cent greater
than in November, 1924, bringing the total for the
first 11 months 16 per cent above the imports during
the same period of the preceding year. The wholesale
price of pig tin averaged 3 per cent and 15 per cent
higher, respectively, than the quotations prevailing
in the preceding month or a year ago.
The output of primary zinc was greater than in
October, the November production registering an
increase of 19 per cent over a year ago. For the first
11 months of 1925 an increase of 10 per cent was registered in the production of zinc. More retorts were in
operation on November 30 than at the end of either the
preceding month or November, 1924. Stocks of zinc
continued to decline, the holdings at the end of November being 74 per cent below a year ago, while the price
continued to average higher, the November quotations being 27 per cent above the prevailing prices of a
year earlier.
The output of lead, although 6 per cent smaller
than in October, was 7 per 6ent greater than in
November, 1924, while the total for the first 11
months of 1925 registered an increase in lead production over 1924, amounting to 9 per cent. Lead
ore shipments from the Joplin district were greater
in November than in either the previous month or
in November, 1924, the total thus far this year being
29 per cent above the corresponding total for 1924.
Stocks of lead held in the United States and Mexico



FUELS

The output of bituminous coal in November,
although 5 per cent smaller than in the previous
month, was 21 per cent greater than a year ago,
while for the year thus far the output was 8 per cent
larger than in the same period of 1924. Bituminous
coal exports were 19 per cent and 52 per cent larger,
respectively, than in either the preceding month or
a year ago. Consumption of bituminous by vessels,
although smaller than in October, was 18 per cent
greater than in November, 1924, with the total for
the first 11 months 10 per cent greater than for the
same period of the previous year.
PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL
[November, 1925, is latest month plotted]

12

Mine prices for bituminous coal were 6 per cent and
11 per cent higher, respectively, than in October and
a year ago. On November 1, 1925, the stocks of
bituminous in the hands of consumers were larger than
the holdings a year earlier.
The production of anthracite coal, though nominal,
due to virtual shut down of the mines, was more
than twice as large in November as in the previous
month, but for the year thus far a decline in anthracite output from the same period of 1924 amounting
to 25 per cent was registered. Wholesale prices for
chestnut coal in New York markets averaged slightly
higher than in October.
Production of beehive coke as well as by-product
coke registered increases over both the preceding
month and a year ago, each of these types showing
for the calendar year thus far substantial increases
over 1924.
Production of crude petroleum declined from October but was almost 10 per cent greater than in
November, 1924. Imports, however, increased over
October but were 26 per cent less than a year ago.
Tank-farm and pipe-line stocks were 5 per cent lower
than on November 30, 1924.
Output of refined oils also declined from October,
except lubricating oil, but increases were made over a
year ago, except for Kerosene. Kerosene alone also
showed the only decline in stocks from a year ago,
large increases occurring in the other products.

PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE
[November, 1925, is latest month plotted]

1925

AUTOMOBILES

The production of passenger automobiles in November, although 17 per cent smaller than in the
previous month, was 65 per cent greater than in
November, 1924. For the first 11 months passenger
vehicles produced were 15 per cent larger in number
than during the corresponding period of 1924. Automobile trucks produced in November showed similar
comparison with the previous month and November,
1924, while for the year thus far an increase in production amounting to 32 per cent was registered over
the same period of the previous year.

COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS
[November, 1925, is latest month plotted. Cumulatives for 1925 are through November]
550




550

I I ' ' l92'5-'CUMuLAtivEs '-1926*

CONTRACTS
( 27 STATES)

AWARDED

BUILDING
CONTRACTS
AUTOMOBILE
PRODUCTION

I 2 3 4 5 6 7 8 9 10 II YR.

1924-CUMULATIVES - 1924

TOTAL AUTOMOBILE
PRODUCTION
,

I 2 3 4 5 6 7 8 9 10 II YR

I I I 1 I I

I I I I i I I I i I I I I

-L3
The production of sole leather in November was
18 and 10 per cent smaller, respectively, than in the
preceding month and a year ago but for the calendar
year thus far sole leather output was 4 per cent larger
than during the first 11 months of 1924. The output of oak and union harness leather, although
smaller than in October, was 17 per cent greater than
in November, 1924, but the total through November
30 was more than 2 per cent less than during the same
period of the previous year. The production of skivers
showed declines in November from both the preceding
month and a year ago, while the total for the first
11 months was 2 per cent larger than for the same
RUBBER
period of 1924. Although unfilled orders for oak and
Imports of crude rubber were 9 per cent larger than in union harness were 10 per cent smaller at the end of
October and 12 per cent greater than in November, November than the forward business of the preceding
1924. For the first 11 months of 1925 rubber im- month, they were 5 per cent greater than on Novemports were 18 per cent greater than in the same ber 30, 1924.
Exports of sole leather declined 39 per cent from
period of the preceding year. The wholesale price of
both
October and a year ago while upper leather j
rubber averaged higher than in either October or in
shipments abroad, although 2 per cent smaller than
November, 1924.
in October, were 13 per cent greater than a year ago.
HIDES AND LEATHER
As against a decline of 15 per cent from 1924 in the
Imports of hides and skins, although 36 per cent total exports of sole leather for the first 11 months of
larger than in October, were 17 per cent smaller than this year, there was an increase of 7 per cent over the
a year ago, an increase in the importation of goat- same period in the exports of upper leather. The
skins, amounting to 79 per cent, being insufficient to prices for sole leather averaged higher in November
offset declines in the imports of calfskins, cattle hides than in either the previous month or a year ago,
and sheepskins. For the year thus far, imports of with no changes noted from either of these periods in
hides and skins were 6 per cent greater than during the prices of chrome calf.
the same 11 months of 1924. Prices of hides and
The production of boots and shoes in November
skins averaged lower in November than in either the was smaller than in the preceding month while boot
preceding month or a year ago.
and shoe exports were larger than in either the preceding month or a year ago. Wholesale prices for
IMPORTS OF HIDES AND SKINS
shoes, although somewhat higher than the quotations
[November, 1925, is latest month plotted]
of a year ago, showed no change from October levels.
80,0001
The production of glove leather in November was 3
per cent and 21 per cent larger, respectively, than in
60,000!
the previous month and in November, 1924, with the
40,000
total for the 11 months ending November 30 being 9
per cent greater than in the same period of the preceding year. Stocks of glove leather in the process of
tanning were greater than at the end of October while
finished stocks were less. Stocks, both in process and
finished, were smaller on November 30 than the
holdings of a year earlier.

Exports of assembled automobiles were 26 per cent
and 111 per cent greater, respectively, than in the
preceding month and a year ago, while for the 11
months ending November 30, shipments of automobile vehicles abroad were 63 per cent larger in number
of cars than during the corresponding period of the
preceding year, with trucks registering almost 100per cent increase. Shipments abroad of accessories
and parts, although smaller than in the previous
month, were 12 per cent greater than a year ago,
with a similar percentage increase for the first 11
months as compared with the same period of 1924.

PAPER AND PRINTING

1,000




Wood-pulp activity was slightly less than in
October except for imports of mechanical pulp,
while increases occurred over a year ago in all items
except stocks of chemical pulp, imports of mechanical
pulp showing a gain of 41 per cent over November,
1924, and production 14 per cent.
Newsprint paper production, shipments and stocks
were also less than in October, but about 10 per cent
greater than a year ago except stocks at mills, which

14
declined 31 per cent. Imports declined from October
but increased over November, 1924, while exports were
much greater than in either period. The number of
book titles published declined from both October and
a year ago, while shipments of salesbooks, though less
than in October, were 13 per cent greater than in
November, 1924.
Boxboard activity declined slightly from October
except for unfilled orders, but increased over a year ago
except for stocks and rate of operation. Other classes
of paper also had lower production and stocks than in
October, while compared with November, 1924,
production showed little change outside of an increase
of 24 per cent in fine paper, while stocks were generally
lower, an increase of 28 per cent in book paper stocks
being a prominent exception. Total paper production
was 8 per cent less than in October but 7 per cent above
November, 1924, stocks declining from both periods.
NEWSPEINT PAPER PRODUCTION AND MILL STOCKS
[November, 1925, is latest month plotted]

ago, production was 31 per cent higher and stocks 10
per cent lower.
BUILDING CONSTRUCTION

Building costs showed a slightly upward tendency
in November. The awards for building construction
declined from October in a seasonal movement with a
6 per cent decline in volume and 11 per cent loss in
value, but November awards were 41 per cent higher
than a year ago in volume and 22 per cent higher in
value. Except for a decline of less than 1 per cent in
public works awards, all classes of construction
showed large increases over the 1924 awards.
Although fire losses were 26 per cent higher than in
October, a decline of 22 per cent was made from a
year ago.
DISTRIBUTION OF BUILDING CONTRACTS BY CLASS OF CONSTRUCTION AND GEOGRAPHIC DISTRICTS
[Data are twelve-month moving monthly averages. November, 1925, is the latest
month plotted]
• i i i i i i . | • i j
RESIDENTIAL

GLASS AND BUTTONS

Activity in the illuminating glassware industry was
slightly less than in October but higher than a year
ago except for production. Polished plate glass output declined from November but was 22 per cent
.larger than a year ago. Data supplied by the Glass
Container Association, covering 41 manufacturers of
glass containers, follows:

COMMERCIAL AND INDUSTRIAL
10

GLASS CONTAINERS

50

September 1

October

Number of gross
Net orders received (less cancellations)..
Production
Shipments..
.
Unfilled orders, end of month..
Stock on hand, end of month

2, 202, 342
1, 759, 926
1, 916, 142
6, 782, 599
4, 106, 947

2, 312, 196
2, 031, 620
1, 864, 985
7, 245, 400
4, 521, 215

DISTRICTS AND TOTAL VALUES FOR 1924
(IN THOUSANDS)

November

2
3 '
*•••'
4
5 ••••••
Q o oooo o
7

40

NEW YORK
CHICAGO
PITTSBURGH
PHILADELPHIA
BOSTON
MINNEAPOLIS'

1,329^393
1,049.588
578,386
477.746.
352.195
88.284

2, 378, 457
1, 921, 818
1, 569, 815
8, 400, 276
4, 925, 878

i One firm missing in September.

November output of fresh-water pearl buttons, at
47 per cent of capacity, showed a slight reduction
from October production, while stocks increased
slightly during November. Compared with a year



20

10

PUBLIC AND 1 *SEMI- PUBLIC
i ' I i i I i i Ii i | i i Ii

1922

1923

1924

1925

15

The foregoing chart shows strikingly the course and
€omposition of building by major districts since 1921,
it having been constructed with a view to showing
the ratio between each major group and the total as
adduced from building contracts awarded in the 27
northeastern states. The first point plotted covers
the average for the twelve months ending January,
1922; the second point the twelve months ending
February, 1922, etc. By this means, it has been possible to show the changes occuring since the present
building wave set in, both as regards the total and
the respective important districts.

PLYWOOD 1
Shipments

Bookings

Unfilled orders

MONTH, 1925

Square feet of surface
April
May
June
.
July
August
September
October
November.

._

3, 610, 613
3, 678, 158
3, 855, 390
4, 456, 689
5, 014, 010
4, 571, 384
5, 512, 061
4, 932, 772

.

4, 685, 524
3, 980, 092
4, 420, 218
4, 123, 987
4, 179, 225
4, 973, 545
4, 832, 621
5, 214, 486

4, 164, 782
4,255,887
4, 440, 400
5, 002, 599
6, 416, 777
6, 627, 911
7,518,341
7, 657, 063

1
Compiled by the Plywood Manufacturers' Association from reports of 20 members
(only 18 members in April), of which 2 or 3 report on shipments only. These data
represent the business of building up veneers into plywood of from 3 to 8 thicknesses.
Details as to kinds of wood and nature of cores are shown in the association's report.

PACIFIC COAST PLYWOOD l

BUILDING MATERIALS
Bookings

Lumber production in November showed the usual
seasonal decline; compared with a year ago, southern
pine output was almost stationary, redwood declined,
while other species generally increased in output.
Shipment trends were similar to production, except
for redwood, where an increase in shipments was noted
-over October. New orders for Douglas fir increased
over [both the previous month and a year ago, but
orders for other species declined from both periods.
Stocks of southern pine lumber declined from October
31, but increased over a year ago, while western pine
stocks exhibited the opposite trend. Hardwood
stocks increased over both periods, as did unfilled
orders. Lumber exports declined from both periods,
in spite of increases in southern pine, while prices
showed a rising tendency.
The following tables present data on lumber and its
products recently made available:
HARDWOOD LUMBER 1
Production

MONTH, 1925

Shipments

Orders

Millions of feet, board measure
July

74
72
78
73
65
68

August
September!.
October
November
X)6cei"nbfli*

73

86
83
93
96
92

83
91
96
98
107
90

i Compiled from reports to the Hardwood Manufacturers' Institute by mills representing from 100 to 125 units each week, the monthly data being obtained by applying the percentages to normal production for every four or five weeks' period to an
.average normal output of these mills of about 100,000,000 feet per month.

SOUTHERN CYPRESS l

Production

Shipments

New orders

MONTH, 1925

Unfilled
orders
(nearest
Wednesday
to end of
month)

Feet, board measure
July
August
September
October
November

._

_. .
__

26, 572, 046
27, 389, 583
27, 162, 513
25,100,543

30, 097, 126
27,409,819
27, 573, 995
27, 105, 875

28,402,591
29, 466, 083
31, 022, 307
35, 575, 209

24,782,801
25, 920, 000
25, 596, 377
30, 978, 501
37,800,029

i Computed from weekly reports of the Southern Cypress Manufacturers' Association, covering from 12 to 18 companies each week and prorated to a normal weekly
capacity of 6,258,283 feet, the overlapping weeks in each month being also prorated
to obtain a monthly figure.




MONTH, 1925

\ Production
1

Square feet of surface
August..
September
October
November
1

_.

... .. _,

5,808,842
7, 471, 473
7, 496, 259
5, 199, 519

8,360,591
6,696,078

Compiled by the Pacific Coast Plywood Association from reports of 6 mills.

Flooring production and shipments declined from
October but exceeded November, 1924, stocks on hand
increasing over both periods. New orders and unfilled orders increased over October in oak flooring but
declined in maple flooring, while all declined from a
year ago except unfilled orders of oak flooring.
Activity in the piano bench and stool industry
declined from October but was larger than a year ago
except in value of shipments.
Bookings of architectural terra cotta increased over
October and were 34 per cent higher in tonnage than a
year ago.
Paving brick production and shipments declined,
both from October and from November, 1924, stocks
increased over both periods, while new orders and
unfilled orders declined from October but increased
over a year ago.
Cement production and shipments showed the usual
seasonal decline from October and stocks an increase:
compared with a year ago, production was larger, shipments smaller and stocks 62 per cent higher. Prices
in the Chicago district showed a declining tendency.
Concrete paving contracts awarded in November
declined from October in a seasonal movement but
were 16 per cent higher than a year ago, although for
country roads less construction was let than in
November, 1924.
Enameled sanitary ware orders and shipments made
the usual seasonal declines from October, while stocks
increased, except for sinks. Unfilled orders for baths
were reduced slightly during November, while for
small ware an increase occurred. Except for declines
in miscellaneous ware, increases of 15 per cent or more
took place over November, 1924, in shipments, new
orders and unfilled orders of enameled sanitary ware,
while stocks on hand showed little change except for
increases of 22 per cent in baths and 29 per cent in
lavatories.

16
PRODUCTION, SHIPMENTS, AND STOCKS OF CEMENT

IMPORTS OP POTASH AND NITRATE OF SODA

TNovember, 1925, is latest month plotted]

[November, 1925, is latest month plotted]

180

Data on vitreous china plumbing fixtures as compiled from 35 manufacturers are presented below:
VITREOUS CHINA PLUMBING FIXTURES
[Number of pieces, A grade or regular selection]
Orders
received

MONTH, 1925

July .
August.. _ . _.
September
October _
November

_

Shipments

199, 909
207, 977
191, 831
221, 906
298, 108

266, 987
277, 822
243 515
246, 596
196, 590

Unfilled
orders
514, 062
444, 217
392 533
367, 843
469 361

Stocks on
hand
303 271
308, 105
323 023
367 843
422 373

CHEMICALS AND OILS

Imports of potash and of nitrate of soda were larger
than in October, but potash imports were less than a
year ago. Exports of sulphuric acid and coal-tar
dyes were slightly larger than in October, but fertilizers and vegetable dyes were less. Compared
with a year ago, both classes of dyes had much larger
exports, but sulphuric acid and fertilizer shipments
were smaller. Data on acid phosphate are shown in
the following table:
ACID PHOSPHATE 1
August,
1925

September, 1925

October,
1925

Except for a rise of 13 per cent in the index for
essential oils, prices of oils and chemicals were generally
lower or stationary as compared with October, but
either stationary or higher as compared with a year
ago, except for crude drugs.
Wood chemical operations were on about the same
scale as in October, while the price of acetate of lime
rose and stocks declined. November operations were
higher than a year ago, exports of acetate being 30
per cent larger, but methanol exports were 75 per cent
smaller. Stocks of wood at chemical plants were 18
per cent lower than a year ago. Production and
stocks of refined methanol declined from October.
Receipts and stocks of both turpentine and rosin
at southern ports declined from November, 1924, the
November receipts being also less than in October.
COTTONSEED OIL, PRODUCTION AND STOCKS
[November, 1925, is latest month plotted]

Novem- November, 1925 ber, 1924

Reduced to tons of 16 per cent available phosphoric
acid, which is equivalent to 320 pounds per ton
United States:
Production
._
285,003
Stocks, end of 2month . 1, 471, 305
Consumption .
122, 710
Northern States: 3
Production
Stocks, end of month
Consumption
._ .
Southern States: 2
Production
Stocks, end of month
Consumption 2

301, 347
1, 476, 664
335, 804

373, 177
1, 695, 542
185, 906

348,033
1, 785, 106
227, 176

291, 378
1, 619, 464
118, 204

105, 836
604, 244
92, 724

92,643
424, 753
280, 747

139, 765
504, 245
66, 948

131, 374
554, 692
62, 002

116, 666
527, 519
75, 327

179, 167
867, 061
29, 986

208, 704
1, 051, 911
55, 057

233, 412
1, 191, 297
118, 958

216, 659
1, 230, 414
165, 174

174, 712
1, 091, 945
42, 877

1 Compiled by the National Fertilizer Association from reports of acidulators representing about 80 per cent of the industry; figures in greater detail are obtainable
from
the association.
2
Figures computed by adding production to stocks at the beginning of month
and subtracting from this sum the stocks at the end of the month, hence indicating
disappearance or shipments from plants, and not, actually, fertilizer used.
s The south line of Virginia projected westward marks the division between the
Northern and Southern States for the purposes of this report.




Both imports and exports of vegetable oils increased
over October, while imports alone increased over

17
With a decline of 24 per cent in the rye crop from
November. 1924. Oleomargarine consumption was
1924,
November figures on receipts and exports showed
slightly less than in October but 46 per cent greater
than a year ago. Cottonseed oil production increased large declines from a year previous, while the price of
slightly over October and was also larger than a year rye was 35 per cent less. Total grain exports in
ago, stocks of both cottonseed and oil on hand No- November were 64 per cent below a year ago, with a
vember 30 being greater than a year previous. Flax- 20 per cent loss for the 11-month period.
The rice crop of 1925 was estimated at slightly
seed receipts and shipments in the Northwest were I
considerably smaller than in November, 1924, while larger than the 1924 crop. Receipts, shipments,
stocks were higher. Linseed oil shipments from stocks and exports were from 36 to 81 per cent less
Minneapolis declined from a year ago while oil-cake than in November, 1924, while imports were 59 per
cent larger.
shipments increased.
CEREALS
Car-lot shipments of potatoes and citrus fruits
The December estimate of the wheat crop of 1925 were much smaller in November than a year ago, but
showed a reduction of almost 200,000,000 bushels from increases occurred in shipments of apples and onions
the previous year's outturn, due to the smaller winter and in receipts of hay. Cold storage holdings of
wheat crop. Receipts and shipments of wheat con- apples were 22 per cent larger than a year ago.
tinued to run far behind the 1924 figures in November
MEATS AND DAIRY PRODUCTS
and the visible supply in the United States was 53
per cent less than a year ago, though the Canadian
The movement and slaughter of cattle and calves
supply was 35 per cent greater. Exports of wheat in in November declined both from the previous month
November were 83 per cent less than a year ago in and a year ago, the decrease from October being the
the United States but 29 per cent greater in Canada. usual seasonal trend. Exports of beef were less than
Wheat prices advanced over the October averages and at either period also, while storage holdings, though
were higher than a year ago. Flour prices also in- increasing seasonally, were about half as large as on
creased over both periods.
J November 30, 1924. Cattle and beef prices averaged
The December estimate of the 1925 corn crop less than in October but higher than a year ago except
showed an increase of almost 600,000,000 bushels over for carcass beef.
the small 1924 crop. The visible supply on November
Hog movement and slaughter increased seasonally
30 was 62 per cent less than a year ago, but receipts, but was less than a year ago except for stocker and
shipments, exports and grindings were all larger than feeder shipments. Exports of pork products declined
a year ago. Although the price of corn averaged from both previous periods while storage holdings
slightly less than in October, it was 25 per cent below
were 10 per cent less than a year ago. Lard output
the November, 1924, average.
The oats crop of 1925 was estimated at slightly less declined 18 per cent from November, 1924, and storage
than the 1924 crop. Receipts and visible supply of holdings and exports also decreased from that period.
oats in November were less than a year ago, exports Hog and pork prices were slightly lower than in
were 79 per cent greater, and the price 23 per cent less, October but higher than a year ago.
Sheep movement and slaughter also declined seasonthough showing almost no change from October.
ally
from October and was less than a year ago except
The barley crop was estimated in December as 22
per cent larger than a year ago. Receipts, exports, for slaughter, which increased 47 per cent. Storage
and pi ice were all much less than in November, 1924. holdings of lamb and mutton were about half the
stocks on November 30, 1924. Prices of sheep inWHEAT RECEIPTS, EXPORTS, AND VISIBLE SUPPLY
creased both over October, 1925, and November, 1924.
[November, 1925, is latest month plotted]
Poultry receipts and storage holdings increased
seasonally over October but were both slightly less
than in November, 1924. The fish catch also declined from October but was 8 per cent larger than
a year ago. Storage holdings of fish on November
15 were 6 per cent larger than a month previous but
12 per cent less than a year ago.
Butter receipts and stocks underwent the usual
seasonal decline, stocks being 26 per cent lower than
a year ago but receipts and prices were higher.
Cheese holdings and receipts also declined seasonally
from October but both were higher than a year ago,
as well as the price. The seasonal decline also
affected egg receipts and storage holdings, the former
declining slightly from a year ago while the latter
1920
1921
1922
increased.
76014—26t



3

RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT
PRIMARY MARKETS
[1919 monthly averages=100. November, 1925, is latest month plotted]

TOBACCO

The December tobacco crop estimate showed a gain
of about 100,000,000 pounds over the 1924 crop.
Sales from loose-leaf warehouses were larger in November than in October and 68 per cent larger than a
year ago. Tobacco manufacturing activities, as
shown by consumption figures, were less than in
October but about the same as a year ago except for
a gain of 22 per cent for cigarettes. Exports of unmanufactured leaf tobacco were smaller than in
October but larger than a year ago, while cigarette
exports exhibited the opposite tendency.
RELATIVE CONSUMPTION OF CIGARETTES AND CIGARS
[1913 monthly average=100. November, 1925, is latest month plotted]

20

SUGAR, COFFEE, AND TEA

SHIPPING

The usual seasonal decline from October took place
in sugar refining activity and in the movement of the
Cuban crop, but receipts of the domestic crop began
to come to market in large quantities in November.
Sugar refining activities and the Cuban movement
were both considerably larger in November than a
year ago. Prices of sugar averaged higher than in
October but were 30 per cent less than a year ago.

Panama Canal traffic showed little change from
November and was 3 per cent larger than a year
ago. Sault Ste, Marie Canal traffic was larger than
a year ago, both in November and for that portion
of December during which the canals were open, the
total traffic for the year 1925 showing an increase of
12 per cent over 1924. River traffic on both the
Mississippi and Ohio Rivers was less than in October;
Mississippi cargoes being 19 per cent larger than in
November, 1924, and Ohio River cargoes 24 per cent
less. Vessel clearances in foreign trade showed a
decline from October, with little change from a year
ago except for the larger proportion of foreign tonnage. Vessel construction in November was considerably less than in either the previous month or
November, 1924.

RAW SUGAR: IMPORTS, MELTINGS, AND REFINERY STOCKS
[November, 1925, is latest month plotted]

RAILROADS

Coffee imports showed little change from either
October, 1925 or November, 1924, but the visible
supply in the United States increased 35 per cent over
the end of October but was less than a year ago. Tea
imports declined 15 per cent from October but increased over November, 1924.



The surplus of idle freight cars increased during
November but was less than a year ago; freight-car
shortages were still further reduced and, owing to
the increase in coal-car shortages, were about the
same as a year ago. The decrease in car loadings
from October was seasonal. Compared with a year
ago, loadings were 5 per cent larger, declines occurring only in grain, livestock, and forest products, while
ore loadings increased 83 per cent. The bad-order
cars at the end of November increased slightly, but
were 12 per cent less than a year ago.

19
LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
[November, 1925, is latest month plotted]

Shipments of locomotives by manufacturers increased 24 per cent over October but declined from
November, 1924. Unfilled orders of locomotive manufacturers increased over both periods, but fewer
locomotives were under construction in railroad shops,
especially as compared with a year ago. Freight and
passenger car orders by railroads were less than a year
ago, though freight-car orders were more than twice
as large as in October.
SHORTAGE, SURPLUS, AND BAD-ORDER FREIGHT CARS
[November, 1925, is latest month plotted]

tising in representatives cities, though 14 per cent
larger than in November, 1924, registered a decline
of 2 per cent from October. For the first 11 months of
1925 newspaper advertising was almost 5 per cent
greater than during the same period of the preceding
year. Magazine advertising showed increases over
the previous month and the same month of 1924 with
an increase of 3 per cent in the cumulative totals.
Postal receipts in the 100 largest cities were smaller
than in October but 13 per cent greater than in
November of last year, with an increase of 9 per cent
for the 11 months through November over the corresponding period of 1924.
SALES BY MAIL-ORDER HOUSES AND 10-CENT CHAIN STORES
[November, 1925, is latest month plotted]
70

DISTRIBUTION MOVEMENT

November sales of mail-order houses were seasonally
smaller than in October but registered an increase of 13
per cent over the same month of 1924. The total
volume of sales for the first 11 months was 15 per cent
greater than during the same period of the previous
year. Sales by 10-cent store chains were likewise
seasonally smaller, November business registering an
increase of 11 per cent over the corresponding month
of 1924. For the 11 months ending November 30,
10-cent chain store sales were 13 per cent greater
than during the same period of 1924.
National advertising appearing in metropolitan
newspapers was smaller in November than in the
previous month, while the general newspaper adver


LIFE INSURANCE

New sales of life insurance were smaller than in
October but 25 per cent greater than in November,
1924, all types showing declines from the previous
month except group insurance. Increases in the
value of new insurance written in November as compared with the same month last year amounted to 14
per cent for ordinary, 38 per cent for industrial, and
188 per cent for group insurance. For the first
11 months of 1925 the value of new estates created,
carried to maturity, was 20 per cent greater than

20
during the same period of the preceding year, the parisons. Interest rates on speculative funds in the
greatest increase occurring in the group form of New York market were slightly lower than in Octoinsurance, which registered a 66 per cent advance over ber, but almost twice as high as in November,
1924. As compared with an increase of 20 per cent 1924. Rates on commercial paper averaged lower in
in the value of new insurance written during the 11 November than in the previous month and were only
months, there was registered an advance of only 15 35 per cent greater than in November of the previous
per cent in the number of policies and contracts for year. Savings deposits continued to mount, standing
the same period, indicating larger values per policy. at the end of November at 6 per cent above a year
Premium collections of representative life insurance ago.
companies were 1 per cent and 26 per cent larger, BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
respectively, than in the previous month and a year
RESERVE BANKS
ago, while for the calendar year thus far an increase of
[November, 1925, is latest month plotted]
15 per cent in premium collections was registered over
3,000r
the same period of 1924. Admitted assets of these
companies were 1 per cent and 11 per cent greater,
respectively, at the end of November than at the end
of the previous month and a year ago.
Sales of ordinary life insurance by geographical
distribution showed declines in all districts from the
preceding month ranging from 1 per cent for the far
west to 8 per cent for the western manufacturing
district, while as compared with a year ago, all districts showed increases ranging from 12 per cent for
the western agricultural section to 24 per cent for
the southern district. For the first 11 months of the
Prices of stocks on the New York Stock Exchange
year 1925 the greatest percentage increase over the
showed
a slight decline for industrials from the month
same period last year was registered in the western
of
October
and an increase of 3 per cent from the
agricultural section, with the eastern manufacturing
same month in average prices for railroad stocks. As
district and southern sections next in order.
compared with November, 1924, average prices for
industrials
were 41 per cent higher and for railroads
BANKING
16 per cent higher. The volume of turnover on the
Check payments both in and out of New York New York Stock Exchange was 71 per cent greater
City were smaller than in October and larger than a during the first 11 months than during the same
year ago. For the first 11 months of 1925 the dollar period of the preceding year.
volume of check transactions in New York City was
Bond prices were higher on the average than in
20 per cent greater than in the same period of the pre- either the preceding month or a year ago, the largest
ceding year, while for the country outside an increase increase over these two periods occurring in the averof 13 per cent was registered.
age prices for second grade railroad bonds. Highest
Bills discounted by Federal reserve banks were grade rails showed relatively little change in price
larger at the end of November than at either the end from October and a year ago.
of the previous month or November, 1924, while notes
Dividend and interest payments scheduled for disin circulation, though larger than at the end of Octo- bursement during December were 4 per cent and 7 per
ber, were smaller than in November and the same cent larger, respectively, than for November and a
month of last year. Investments of Federal reserve year ago. For the calendar year, payments to inbanks continued to mount during November, but at vestors were on the whole 6 per cent greater than
the end of that month were 19 per cent smaller than during 1924 with the total payments of dividends 5
a year previous. The deposits in Federal reserve per cent greater, this ratio being applied to indusbanks as well as the Federal reserve ratio declined in trial corporations and steam railroads while a gain of
November from the preceding month, with the ratio 8 12 per cent was made in dividends of street railways,
per cent below a year ago.
PUBLIC FINANCE
Loans and discounts of Federal reserve member
banks continued to mount, standing at the end of NoThe gross debt of the national government convember at almost 9 per cent above a year ago. In- tinued to decline and at the end of November was 4
vestments, on the other hand, were smaller in No- per cent less than a year ago. Customs receipts in
vember than for either the previous month or a year November were 9 per cent smaller than in October
ago, with net demand deposits showing similar com- but 21 per cent greater than in November, 1924.




21
For the first 11 months of 1925 customs revenues
were 4 per cent larger than in the same period of the
preceding year. Money in circulation, although
greater than in October, was smaller in amount than
a year ago.
Agricultural loans outstanding increased during
November and at the end of that month were considerably higher than a year ago for all agencies engaged in this function except the War Finance Corporation.

NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES
[November, 1925, is latest month plotted]

CORPORATE FINANCE

The capitalization of new incorporations in November was more than twice as large as in October or in
November, 1924, while, for the calendar year thus far,
the aggregate new capital for new enterprises was 40
per cent larger than during the same period of 1924.
New corporate securities issued in November although
smaller than in October, were 27 per cent above
November of the preceding year, while for the first
11 months of 1925, new issues were 12 per cent larger
than during the same period of 1924.

1920

1921

1922

1923

1924

1926

Business failures were larger in November, both in
point of liabilities and in number than either the preceding month or November, 1924. For the first 11
months, business failures were 18 per cent smaller in
defaulted liabilities, but 4 per cent greater in number,
respectively, than during the same period of the pre-

COMPARISON OF WHOLESALE PRICES AND STOCK PRICES
[Twelve-month moving averages. November, 1925, is latest month plotted]
ISO

16 0

230 0115

0125

300

9250
o

£240
j

1
J

-U.S.DEPT. OF |LABOR—;
WHOLESALE "RICEINDEXX

PRICE, 25 INDUSTRIAL STOCKS

02|0 Q I05

"

7
n i i ni
1916




I

PRICE/25 RAILROAD STOCKS

\

1917

*«
1918

ii o

S5 I«

^5 o § -

S» <I

1919

I

1920

I

-I »

i o §- >5.

1921

I

-

\

.

8 5 I

?

1922

I

1923

$

1 I
!

I
1924

§ <
I

I

I §
1925

I

22
ceding year. A decline in liabilities from 1924,
amounting to 43 per cent in the failures of manufacturing establishments, more than offset increases of
11 per cent and 14 per cent, respectively, in the liabilities of failing mercantile establishments and
agents and brokers. As in the case of liabilities,
manufacturing establishments failing were smaller
in number than during the 11-month period of 1924,
the decline of 3 per cent being insufficient, however,
to offset an increase of 8 per cent in the number of
failures among merchants.

month and November, 1924. The price of silver at
New York continued to average lower.
GOLD: SHOWING EXCESS OF IMPORTS AND EXPORTS
[November, 1925, is latest month plotted]

GOLD AND SILVER

Receipts of gold at the mint were smaller in November than in either the previous month or a year ago,
but for the calendar year thus far registered a decline
of 3 per cent from the same period of 1924. The Rand
output of gold was also smaller than in either the
previous month or in November, 1924, but for the
first 11 months of 1925 totaled slightly higher than
during the same period of 1924. Gold imports were
smaller than in either October or November, 1924,
while exports of gold, although smaller than in October,
were more than three times as large as in November,
1924, but the total shipments of gold abroad during the
first 11 months were considerably in excess of the corresponding movement in 1924. As against an excess
of $287,000,000 in the imports of gold for the first 11
months of 1924, an export excess of $136,000,000 was
noted in the gold movement during the same period
of 1925.
Silver production, although 15 per cent smaller than
in November, 1924, was 3 per cent greater than in
October. For the first 11 months, silver output was 2
per cent smaller than in the corresponding period of
1924. Imports and exports of silver were each smaller
than their corresponding movement of the previous

FOREIGN EXCHANGE AND TRADE

Exchange on England, Japan, Argentina, and Chile
averaged higher in November than in the preceding
month, while as compared with November, 1924, rates
on these countries were 5 per cent, 10 per cent, 10 per
cent, and 8 per cent higher, respectively. Other principal currencies showed no change from the prevailing
rates in October with the exception of the French franc
and the Brazilian milreis, which declined 9 per cent and
1 per cent, respectively, from the preceding month.
These two currencies were likewise lower than in
November, 1924, the French franc making a decline of
25 per cent and the milreis a decrease of 6 per cent.
Imports of merchandise in the United States were 1
per cent and 2.7 per cent greater, respectively, than in
October and a year ago, while exports were 9 per cent
smaller in November than in either of these comparative periods.

FACE BRICK
[In thousands of brick]
PRODUCTION

SHIPMENTS

STOCKS, END OF MONTH

UNFILLED ORDERS, END OF
MONTH

MONTH
1922

1923

1924

1925

1922

1923

1924

1925

1922

1923

1924

1925

January
February
March
April

291
265
481
557

617
464
655
710

454
470
574
680

548
508
670
777

171
214
426
563

410^
381
614
748

326
384
609
777

283
436
732
902

1,773
1,764
1,806
1,717

1,845
1,916
1,925
1,871

1,716
1,753
1,657
1,678

1,801
2,068
2,034
1, 769

May
June
July
August

677
738
639
633

801
762
735
833

805
747
775
743

833
817
837
812

697
701
617
631

802
716
636
762

837
710
697
714

890
875
822
733

1,500
1,466
, 336
,234

1,776
1,858
,939
,882

1,473
1,448
1,510
1,503

September .
October. _
November
December

671
805
687
645

713
755
656
595

692
745
664
639

723
823
683
640

566
578
531
438

638
731
545
377

722
692
555
366

681
651
504
409

,306
,434
,503
,694

,348
,409
,451
,662

591 ~

691

666

723

511

616

616

660

1,544

1,740

Monthly average
1

1922

1923

1924

1925

365
517
682
829

1,064
1, 311
1,563
1,686

888
1,040
1,145
1,264

728
•949
1,091
1,140

" 1, 688
1,589
1,503
1,477

1,082
1,109
1,106
1,025

1,561
1,391
1,281
1,319

1,194
1,109
949
936

1,200
1,153
1,007
892

1,457
1,475
1,433
1,803

1,522
1,693
1,713
1,978

1,050
923
834
783

1,064
1,039
899
755

808
781
716
644

929
903
835
770

1,576

1,736

859

1,244

956

966

Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About 70 firms
usually report.




23

BOOK PAPER
UNCOATED

COATED
Production

MONTH

UNCOATED

COATED

Un-

Un-

Un-

Un-

month

month

month

month

Pro- Shipfilled
Pro- Shipfilled
Pro- Shipfilled
filled
ShipOrders orders,
orders, duc- ments
Orders orders, duc- ments
Orders orders, duc- ments
ments Orders end
end of tion
end of
end of tion
of tion

Per cent of normal
production

Per cent of normal
production

Days

Days

Per cent of normal
production

Per cent of normal
production

Days

Days

1935

1924

January..
February
March . .
April

79
93
99
98

85
96
98
100

82
94
103
85

13
12
15
12

87
93
94
95

90
98
95
96

120
96
99
94

14
15
17
17

95
101
100
100

94
96
101
99

91
100
102
91

10
11
13
11

102
106
107
102

98
106
103
99

108
108
98
92

15
15
15
12

May
June. .
July
August

98
97
82
86

94
88
85
89

88
74
81
88

12
9
9
10

99
95
87
96

96
94
90
93

89
83
88
94

16
13
12
13

95
88
76
70

93
86
77
73

79
74
73
75

8
8
8
7

95
90
87
91

89
87
80
88

83
83
81
90

11
11
10
11

September
October
November
December

91
98
98
85

89
94
91
84

87
83
88
82

10
7
7
7

92
101
105
96

95
101
102
93

96
96
97
94

13
12
12
12

72
77
80
78

77
80
82
78

67
77
75
79

7
7
6
8

90
94
94

87
93
93

88
94
89

12
11
11

1

1

Compiled from weekly reports of the American Paper and Pulp Association from about 28 mills on coated paper and 10 mills on uncoated paper.

FUEL CONSUMPTION BY RAILROADS1
1920

1921

1922

1924

1923

1925

1921

1922

1923

1924

1925

MONTH
COAL CONSUMED
(Thousands of tons)
January
February
March
April

_

FUEL OIL CONSUMED
(Thousands of gallons)

10, 304
9,468
10, 134
8,186

9,247
7,645
7,719
7,057

8,121
7,847
8,503
6,890

10, 375
9,470
10, 352
9,382

9,436
9,042
9, 048
7,672

9,210
8,011
8,119
7,350

134, 095
113, 908
117, 238
111,799

126, 796
107, 730
123, 779
116, 622

150, 297
135, 518
155,939
148, 006

188, 825
167,951
179, 274
165, 198

185,666
158, 451
169, 224
159, 209

May
June. _ __
July
August

8,924
8,646
8,970
9,526

7,158
6,793
6,895
7,272

6,967
6, 795
6,613
7,279

9,044
8,309
8,319
8,550

7,606
6,918
7,113
7,341

7,575
7,142
7, 392
7,841

110, 867
108, 901
114,911
114,819

118, 572
119, 598
120, 829
127, 178

155, 043
151, 70§
160, 287
169, 216

162, 044
152, 366
160, 118
168, 284

159, 828
157,061
164, 215
169, 010

September
October
November
December

9,109
9,883
10, 002
10, 265

7,407
8,680
8,121
7,732

7,855
9,280
9,765
10, 162

8,526
9,415
9,086
8,647

7, 853
8,574
8,360
8,944

7,831
8,992

116, 401
133, 312
124, 056
126, 668

138, 232
154, 749
155, 460
156, 545

175,944
198, 797
194, 378
184, 734

181, 983
194, 659
191, 671.
192, 764

182, 269
205, 153

9,451

7,644

8,006

9,123

8,159

118, 915

13C, 508

164, 989

175, 428

_

.-

Monthly average

i Complied by the Interstate Commerce Commission from reports of 174 steam railroads of Class I, not including switching and terminal companies. Fuel used in
switching locomotives is not included in these reports. It is stated that about 3 per cent would be added to the coal consumption figures were these data included.
A'oout 2 per cent of the coal consumed on railroads in 1923 was anthracite.

MISCELLANEOUS DATA
SALES OF AUTOMOBILE
ACCESSORIES AND PARTS »
FUE SALES i

FUR PURCHASES 1

POLISHED PLATE GLASS
PRODUCTION 2

MONTH
1924

1925

1924

1925

May
June. July
August

.

...

1

_

1925

1925

Relative numbers—Jan., 1925=100

1,298
913
1,878
1,666

1,390
5,360
2,063
1,274

1,490
5,742
2,344
1,934

7,077
6,281
7,718
7,188

7,603
7,424
8,280
8,361

8,674
8,568
9,774
9,848

100
101
138
183

100
86
95
107

100
121
159
193

100
122
162
149

..

1,560
2, 257
3,980
3,900

2,325
3,226
5,422
4,758

1,302
1,354
1,230
2,159

2,066
2,015
2,212
2, 108

8,071
7,627
7,016
7,908

8,203
7,313
6,920
6,650

9,812
9,885
9,928
10,328

174
164
165
161

134
129
152
130

173
172
149
149

146
159
113
113

. _.

4,435
3,581
3,783
2,903

3,253
5,633
4,641

2,015
1,398
1,291
659

1,615
1,689
1,760

7,310
7,801
7,715
7,357

6,948
8,154
7,821
7,878

10, 297
10, 714
9,889

179
214
149

100
131
133

155
163
158

123
100
96

_ _ _ _ ...

...

Acces- Service
sories equipment

1,408
991
1,422
1,337

. __ _ , _

September
October
November
December

1924

Thousands of square feet

Thousands of dollars
January
February.
March
April

1923

OrigiReplacenal
equip- ment
ment parts

Purchases of fur and sales of fur garments by 100 representative fur manufacturers in New York City, as compiled by Seidman <k Seidmant certified public accountants.
*3 Production of polished plate glass compiled by Plate Glass Manufacturers of America, comprising practically the entire industry.
Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relative numbers being based
on value, with January, 1925, as 100,




24

EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR GROUPS
I Drawn from data compiled by U. S. Department of Labor, and representing weighted indexes based upon number of wage earners in the respective industries in 1919,
Average monthly employment 1923=100. November, 1925, is latest month plotted]

.

VEHICLES FOR LAND TRANSPORTATION

AMPED AND ENAMELED WARE OTHER THAN IRON
AND STEEL

100




25

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the 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 6.
PER CENT INCREASE (+)
OB DECBKASE (-)

1925

1994

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

179

71

152

179

156

150

157

145

146
Total
.
Petroleum... ....__.....:... ....... 216
137
Bituminous coal ------121
Anthracite coal
241
Iron ore *
148
Copper
188
Lead.
136
Zinc
131
Gold
145
Silver

62
105
41
0
0
17
74
38
57
80

128
189
109
104
78
126
166
99
109
117

135
190
125
105
71
137
168
112
129
119

120
179
108
92
26
135
165
112
108
119

125
205
121
1
94
134
157
125
80
103

132
204
137
1
89
140
188
124
130
98

124
196
131
2
54
134
177
134
104
101

138
227
143
177
153
245
390
163
190

80
19
58
64
54
30
21
45
94

110
83
125
86
134
73
100
115
134

112
62
133
107
146
62
138
117
136

125
69
115
131
83
39
313
81
128

105
42
105
73
116
78
95
162
141

115
33
136
91
141
60
139
122
138

119
41
111
103
76
36
314
87
133

246
242
254
405
310
170

49
43
58
50
19
19

193
231
161
260
175
88

246
242
228
357
278
120

195
166
141
184
271
120

191
156
199
332
234
110

196
106
234
274
310
114

174
110
121
175
277
138

135
137
164
267
149

61
59
51
20
24

119
118
96
215
88

123
121
121
169
98

114
111
115
179
96

129
132
72
216
104

135
137
103
178
104

120
120
112
131
107

+ 8. 7
-26.4
+ 2.9

+5.3
+ 8. 1
2.6
-26.8
+ 11.5

133
137
129
130
147
166
115
121
191
164
195
132
148

71
64
77
54
32
57
63
69
92
69
71
70
37

114
114
112
92
95
135
87
102
148
134
164
118
120

116
121
112
111
105
144
96
113
165
143
163
123
121

114
110
100
101
106
131
81
102
166
128
152
106
100

122
122
106
97
118
158
89
106
174
148
183
123
118

132
137
112
108
130
166
96
118
188
164
193
132
148

129
124
97
105
131
152
77
114
181
140
160
116
130

-2.3
9. 5
13. 4
2. 8
+ 0.8
8. 4
19. 8
3 4
37
14. 6
-17. 1
12 1
12 2

+ 13.2
+ 12.7
+ 3.0
+4.0
+ 23.6
+ 16.0
4. 9
+ 11.8
+ 9.0
+ 9.4
+ 5.3
+ 9.4
+ 30. 0

November,
Novem- Sep- October Novem- November,
Sep1925, from
1925, from
ber
tember
tember October
ber
October, 1925 November, 1924

PRODUCTION
(Relative to 1919 monthly average as 100)
RAW MATERIALS

Grand total.

...

-

-7.6

7 1

MINERALS

6.1
-3.9
4 4
+ 100.0
-39.3
- -4.3
-5.9
+ 8. 1
20.0
+ 3.1

+3.3
+9. 5
+ 21.3
O7 9

+ 107.7
0.7
+ 7.3
+ 19.6
-3.7
-15. 1

ANIMAL PRODUCTS (marketings)
Total
Wool*
Cattle and calves
Hogs
Sheep
Eggs*
Poultry *
Fish
Milk (New York)

+ 3.5
+24.2
18.4
+ 13.2

4.8
40.6
-3.5
21.4

40.0
+ 125.9
-28. 7
--3.6

-7.7
+ 0.3
+ 7.4
+ 3.9

A(\ 1

8 4.

CROPS (marketings)
Total
Grains *
Vegetables * . .
Fruits*
Cotton products *
Miscellaneous crops *

,

_

-11.2
+ 3. 8
48.3
-33.7
— 10. 6
+ 21. 1

10.8
33.7
-14.2
4.9
+ 2. 2
+ 15.0

FOREST PRODUCTS

Total
Lumber . . . .
Pulpwood
...
Gum (rosin and turpentine) *
Distilled wood

11. 1

-12. 4

MANUFACTURING

Grand total (adjusted for working days).Grand total (unadjusted)
.
Foodstuffs
Textiles
Iron and steel
Lumber
.
Leather
.
Paper and printing
Chemicals, oils, etc
Stone and clay products
Metals, excepting iron and steel
Tobacco
Miscellaneous. .

* Fluctuations between maximum and minimum due largely to seasonal conditions.




26
INDEXES OF BUSINESS—Continued
Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

153
233
189
115
183

1924

PER CENT INCREASE (-f )
OR DECREASE (-)

1935

November,
1925, from
November,
1924

October

November

149
160
161
79
181

133
113
151
73
176

133
128
150
72
170

+ 0.8
+ 13.3
-0.7
— 1. 4
-3.4

15
-15. 8
+ 11.9
-14.3
+ 9.7

144
154
180
83
158

140
133
159
87
171

142
120
201
77
172

145
134
202
72
172

+3.1
+ 11.7
+ 0.5
-6.5
0.0

+ 0. 7
-13. 0
+ 12.2
-13.3
+8.9

43
34
81

53
42
99

53
38
109

53
43
94

58
47
101

+ 9.4
+ 9.3
+ 7.4

+ 9.4
+ 11.9
+ 2.0

93
106
69
93
117
116
71

95
110
67
100
128
104
78

84
98
57
89
109
88
69

94
109
72
92
120
112
82

101
122
77
99
133
118
87

87
103
59
90
110
91
78

-13.9
15 6
23 4
-9. 1
17 3
22 9
-10. 3

+ 3. 6
+ 5.1
+ 3.5
+ 1.1
+ 0.9
+ 3.4
+ 13.0

September

October

91

73
89
58
86

134
145
118
90
165

135
148
130
86
160

135
152
134
84
155

162
236
202
115
177

84
70
68
56
88

127
119
116
100
157

143
145
168
93
157

116
112
153

40
32
25

46
34
97

120
129
136
135
133
150
*89

60
59
43
62
88
58
46

Novem- September
ber

November,
1925, from
October, 1925

STOCKS
(Relative to 1919 monthly average as 100)
(Corrected for seasonal variation)

Total
.. -Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs. .
Manufactured commodities
(Unadjusted index)
Total
-..Raw foodstuffs Raw materials for manufacture
Manufactured foodstuffs .
Manufactured commodities
UNFILLED ORDERS

(Relative to 1920 monthly average as 100)
(Iron, Steel, and Building Materials)

Total (8 commodities)
Iron and steel
Building materials
WHOLESALE

TRADE

(Relative to 1919 monthly average as 100)
(Distributed by Federal Reserve Districts)

Grand total all classes
Hardware (10 districts)
.
Shoes (8 districts)
...
Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats
«-.
RETAIL TRADE

I

(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)

CHAIN STORES:
Ten-cent (5 chains)
Music (4 chains)
Grocery (27 chains) . _
Drug (9 chains)
Cigar (3 chains)
Candy (5 chains).
Shoe (6 chains)—.
DEPARTMENT STORES:
Sales (359 stores)
Stocks (314 stores)
EMPLOYMENT

___

170

49

106

141

131

114

170

144

-15.3

+ 9. 9

366
214
318
187
193
282
186

84
55
119
109
106
109
72

169
110
210
145
137
189
124

.203
124
240
159
144
199
138

199
111
232
145
138
186
145

191
136
243
169
142
202 •
129

237
141
318
179
151
215
164

220
140
268
167
136
195
136

-7. 2
-0.7
-15.7
-6.7
-9.9
-9.3
-17. 1

+ 10.6
+ 26. 1
+ 15.5
+ 15.2
-1. 4
+ 4.8
6 2

210
154

80
100

119
137

141
147

141
148

122
143

165
149

145
154

-12. 1
+ 3.4

+ 2. 8
+ 4.1

87
97
84
80
93
91
100
88
95
89
95
84
82

88
97
86
81
94
92
101
89
95
89
88
85
84

88
95
86
82
93
91
101
89
95
90
97
84
85

91
92
87
86
94
95
100
97
100
96
92
92
90

93
95
90
87
94
95
102
98
101
98
95
95
89

93
94
90
89
93
92
103
98
100
100
95
94
91

+ 1.1
-1. 1
0.0
+2.3
1 i
3 2
+ 1.0
0.0
-1.0
+ 2.0
0.0
-1. 1
+ 2.2

(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
Stone, clay, and glass
Nonferrous metals 2
Tobacco products
!.„
Vehicles
Miscellaneous

1 Since Jan. 1. 1921.
2 Includes stamped and enameled ware and brass, bronze, and copper products, shown for the first time.




+ 5.7
-1. 1
+ 4.7
+ 8.5
0.0
+ 1.1
+ 2.0
+ 10. 1
+ 5.3
+ 11. 1
-2. 1
+ 11.9
+ 7.1

27
INDEXES OF BUSINESS—Continued
Minimum
since
Jan. 1,
1920

EMPLOYMENT— Continued
(Relative to 1023 monthly average as 100)
Amount of pay roll, by industries:
Total, all classes- _
Food products
Textiles--.
Iron and steel
Lumber
- _
Leather
Paper and printing
Chemicals
Stone, clay, and glass
Nonferrous metals1
Tobacco products
Vehicles
Miscellaneous---. - _ _
PRICE INDEX NUMBERS

PFR CENT INCREASE (+)
OR DECREASE (•-)

1935

1924

Maximum
since
Jan. 1,
1920

1
September

Octo- November
ber

September

October

November

November, November,
1925, from
1925, from
October, 1925 November,
1924

80
100
84
77
96
91
101
89
98
84
97
82
85

89
97
87
81
98
92
103
90
101
87
88
87
84

88
97
83
82
96
85
103
92
99
90
100
84
87

90
93
83
85
100
91
103
96
103
93
92
91
91

90
98
90
92
102
92
108
100
109
99
99
100
93

90
97
90
93
101
84
110
101
109
102
101
101
93

-1.0
-8.7
+ 1.9
+ 10
0.0
' +3.0
+20
+ 1.0
0.0

+ 9.1
0. 0
+ 8. 4
+ 13.4
+ 5.2
1.2
+ 6. 8
+ 9.8
+ 10. 1
+ 13.3
+ 1.1
+ 20.2
+ 6.9

0.7
+ 2. 2
+ 27.6
3 5
+ 5.2
15 8
+ 5.6

+5.1
61
+ 79.6
+ 18.3
+ 8.0
19. 6
+ 10.4

0.0
-1.0
0.0

+1.1

FARM PRICES
(Relative to 1009-1014 average as 100)

All groups
.
Grain
. .
Fruits and vegetables
Meat animals
Dairy and poultry
Cotton and cotton seed
Unclassified

.

.

WHOLESALE PRICES
Department of Labor Indexet
(Relative to 1013)
All commodities

Farm products
Food, etc
Cloths and clothing
Fuel and lighting
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous ......

_

285
283
373
186
215
304
180

110

88
108
91
122
76
74

132
140
113
115
133
175
100

138
150
109
121
142
182
102

137
147
108
115
150
179
106

144
148
142
143
141
178
90

143
135
152
141
154
171
90

144
138
194
136
162
144
95

248
243
248
346
281
203
300
213
275
208

138
114
131
171
162
109
155
121
168
111

149
143
148
187
168
128
171
131
171
116

152
149
152
188
162
127
171
132
171
120

153
150
154
190
163
129
172
134
172
123

100
160
160
189
170
127
174
136
168
135

158
155
158
190
172
128
174
135
168
138

158
154
160
188
175
130
176
135
166
142

+ 8. 3
0.0
+ 2.7
-0.6
+ 3.8
+ 1.3
— 1. 1
-1. 1
+ 7.4
+ 1.7
+ 0.8
+ 1.6
+ 1. 1 + 2.3
+ 0.7
0.0
-3. 5
-1.2
+ 2.9 + 15. 4

247
244
249
249
311
218
375
272

198
118
146
135
122
103
152
165

149
130
158
153
164
123
180
166

152
129
161
156
172
130
181
165

153
131
163
155
176
124
182
166

100
131
169
100
169
155
184
172

158
133
166
102
162
147
185
174

158
135
168
160
160
139
187
176

+ 3.3
0.0
+ 3.1
+ 1.5
+ 3.1
+ 1.2
+ 3.2
1. 2
9. 1
1. 2
5. 4 + 12. 1
+ 2. 7
+ 1.1
+ 1. 1 + 6.0

218
227

134
115

158
141

160
145

164
147

161
154

163
155

164
156

+ 0.6
+ 0.6

0.0
+ 6.1

205
219
186
288
200
192

155
139
143
153
149
171

104
147
185
174
166
173

105
149
185
177
167
173

105
150
184
173
168
175

108
159
178
176
168
174

170
162
178
176
170
174

171
167
178
176

+ 0.0
+ 3.1
0.0
0.0

+ 3.0
+ 11.3
3.3

175

+ 0.6

0.0

Federal Reserve Board Regrouping of Department
of Labor Indexes

(Relative to 1013)
All commodities
Producers' goods
.
Consumers' goods_.
Total raw products
Agricultural products
Animal products
Forest products
Mineral products

.

Commercial Indexes

(Relative to 1013)
Dun's ( 1st of following month)
Brads treat's (1st of following month)

-

COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)

All items weighted
Food (Dept. Labor)
Shelter
Clothing
Fuel and light
Sundries

.
...

'Includes stamped and enameled ware and brass, bronze and copper products shown for the first time.




+ 1.7

28

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. These data represent continuations of the figures presented in the
latest semiannual number (August, 1925), in which monthly figures for 1924 and 1925 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the
end of the month referred to. For explanations of relative numbers, including base periods, see introduction
on inside front cover.
TREND OF BUSINESS MOVEMENTS

1995

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
October
pages 29 to 151 of the August, 1925, September
"Survey '*

PER CENT INCREASE (+) OR
DECREASE (— )

1924

Novem- November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1924
1925

November

December

October

November

18, 754
5,501
13, 253

15, 626
11, 050
4,576
16,638

22.860
12, 299
10,561
16, 501

29,460
16, 629
12, 831
31, 873

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
(

-y

or decrease
(-)
1925
from
1924

1924

1925

-7.4 -29.5
+24.2
40.6
-23.5 -16.5
+5.2 +52.5

282, 555
183, 611
98, 944
236, 310

287, 258
126, 715
160,543
316,075

+1.7
-31.0
+62.3
+33.8

-8.1 -10.1

486, 662

481, 523

-1.1

TEXTILES
Wool
Receipts at Boston:
Total
thous. of lbs__
Domestic
thous. of lbs._
Foreign
_
_
thous. of lbs_.
Imports, unmanufactured
thous. of Ibs
Consumption by textile mills,
grease equivalent
thous. of Ibs. .
Machinery activity, hourly:
Looms—
Wide
per ct. of hours active..
Narrow
..per ct. of hours active..
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 active..
Prices:
Raw, Ohio,
% blood, unwashed
.dolls, per lb__
Raw, territory fine,
scoured
_
dolls, per lb_.
Worsted yarn
dolls, per lb_.
Women's dress goods »—
French serge
dolls, per yd__
Men's suitings
dolls, per yd..

20,403
7,453
12, 950
18, 948

17, 406
5,885
11, 521
23, 920

16, 126
7,309
8,817
25, 170

44,383

47, 327

43, 471

54, 854

48, 380

51, 008

69
61
65
85
79

72
67
64
81
88

74
68
69
83
90

74
65
72
92
98

77
72
78
92
96

78
70
76
92
92

+2.8
+1.5
+7.8
+2.5
+2.3

-3.9
-5.6
-11.5
-9.8
-6.2

82
70

82
80

81
75

91
79

90
76

92
78

-1.2
-6.2

-10.0
-1.3

.50

.51

.54

.55

.57

.61

.70

+5.9

-11.5

1.28
1.650

1.32
1.650

1.32
1.600

1.30
1.550

1.48
1. 750

1.60
1.850

1.68
1.950

0.0
-3.0

-17.5
-13.5

.800
3.600

.800
3.600

.800
3.600

.800
3.600

.775
3. 690

.775
3.690

,775
3.690

0.0
0.0

+3.2
-2.4

"

Cotton
15, 603
13, 628
Production, crop estimate >»
thous. of bales.. 13, 740
15, 386
14, 759
+4.2 +20.1
Ginnings (cumulative)
thous. of bales..
14, 826
12, 792 +23.7 +13.2
7,102
13, 858
12,238
11, 199
9,716
2,807
Receipts into sight.
.
thous. of bales. _
2,478
3, 149
2,332
2,942
2,767
-6.6 +6.3
10,783
13, 346
Imports, unmanufactured
bales
48, 663 +117.7 +53.9
15, 121
27, 000
18, 135
17, 549
12, 402
272, 382
279, 062
Exports, unmanufactured
(including linters) ..
bales. _ 752, 324 1, 421, 482 1, 206, 786
947, 506 1, 306, 550 1, 075, 923 -15.1
-7.6 5, 718, 998 7, 542, 803
Consumption by textile mills
_ bales. . 483, 266 543, 679 543, 098
534, 283
532, 047
495, 182
-0.1 +9.7 4, 987, 873 5, 846, 477
Stocks, end of month:
Total, mills and w'houses.. thous. of bales. _
4,004
5,943 +16.6 +13.8
6,662
5,852
4,960
5,716
Mills
__
thous. of bales..
866
753
1,319
1, 456
1,049
+19.7 +38.8
1,216
Warehouses
thous. of bales..
3,138
4,624 +15.7
4,499
5,206
4,226
4,803
+8.4
World visible—
Total
thous. of bales.. ' 3,883
5,821 +16.4 +16.9
7,056
5,194
6,048
4,267
5,175
5,634
2,805
American
thous. of bales..
4,805 +19.1 +12.8
4,115
3,358
4,903
4,346
Machinery activity of spindles:
Active spindles
thousands. _ 31, 552
32, 425
31, 165
32, 662
+1.4
32, 892
31, 858
+3.2
Total activity
... millions of hours..
7,102
7,834
7,817
7,124
7,962
1
7, 593
-1.6 +10.0
Activity per spindle
hours.
188
207
201
210
188
206
-1.4 +10.1
Per cent of capacity
per cent..
89.4
90.4
83.8
96.0
+7.4
+9.3
86.2
87.8
Cotton finishing:
Billings, finished goods (as
91, 686
-8.9 +3.2
produced)
thous. of yds
72,257
78, 239
85,859
86, 765
75, 822
840, 109
861, 535
Orders received,
gray yardage
thous. of yds _ 81, 079
75, 453
90,601
85,907
81, 689
84,652
-12.2 -7.6
628, 610
840, 243
Shipments, finished goods.
cases.. 42, 608
44,331
+1.6
39, 676
46, 531 -16.6
39, 052
47, 556
455, 819
479, 537
Stocks, finished goods
cases.. 40,711
39, 917
40, 511
42, 162
+1.5 -2.4
41, 516
40, 664
Operating activity
per ct. of capacity..
58
67
67
-9.0 +5.2
61
58
67
Manufactured goods:
Cotton cloth exports
thous. of sq. yds.. 42, 366
44, 887
43, 084
53, 113
46, 917
43, 698
-4.0 -8.2
434, 599
496, 334
Fabric consumption
by tire manufacturers
thous. of Ibs.. 14,025
11, 349
13, 205
12, 172
-8.8 -6.9
12, 191
12, 446
130, 245
156, 035
12, 129
Elastic webbing sales
thous of yds
+9.7
13, 637
11, 658
10, 625
10, 478 -14.5
12, 345
118, 293
148, 594
Fine cotton goods, production
pieces. _ 371, 500 452, 552 385, 841
399, 228 -14.7
399, 820
-3.5 3, 846, 989 4, 604, 081
385, 301
Prices:
,225
Raw cotton to producer
dolls, per lb__
.215
.174
.181
.240 —15.8 -19.6
.231
.225
Raw cotton, New York
dolls, per lb_.
.202
.236
.208
.238
-5.5 -14.4
.245
.220
.243
Cotton yarn—
.423
22/1 cones, Boston..
dolls, per lb__
.402
-5.3 -8.7
.407
.446
.446
.430
.449
.550
.563
40/ls, New Bedford «
dolls, per lb._
.543
-2.8 +1.3
.546
.539
.552
.562
.095
.089
.087
-7.3 -1.1
Print cloth, 64 x 60d
dolls, per yd..
.090
.090
.087
.096
.103
0.0 +1.9
Sheeting, crown
dolls, per yd..
.108
.108
.108
.103
.106
.106
178
Cotton goods (fairchild)... index number..
194
-2.7 -6.2
193
187 i
182
194
187
» See table on p. 22, of the November, 1925, issue for earlier data.
* Total crop estimated in month indicated. Data for a year ago represents revised estimate of the 1924 crop.
« See table on p. 10 of the December, 1925, issue for earlier data.
d See table on p. 22, of the December, 1925 issue for earlier data.




+23.8
+2.5
+31.9
+17.2

+2.6
+33. 7
+5.2
+14.2
+19.8
+25.6
+19.7

29
TREND OF BUSINESS MOVEMENTS—Continued
1925
Where available December data have
been included in this table. The cu~
mulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, SeptemOctober November
ber
"Survey"

PEB CENT INCREASE (+) OB
DECBEASE (— )

1924

December

Novem- November,
ber,
1»25,
1925,
Decem- from
from
ber
Octo- Sfovember,
ber,
1924
1925

October

November

5,615
35, 508

6,347
32,939

7,685
33,961

-5.9
-10.6

+7.4
+27.0

44,398
22, 667
5.733

55, 516
25, 043
6.174

61,533
21,948
6. 321

+18.7
+1.6
-1.5

-15.7
+22.2
+6.3

81.9
50.0
74.6

81.4
50.3
75.2

81.5
51.2
78.0

+2.9
-3.6
-5.2

+18.4
+17.5
+42.3

1,468
1, 285
237

+4.3
-11.3
-37.0

+3.8
+19.2
+19.6
+2.5
+4.2
+111. 5
+0.5

1

CUMULATIVE TOTAL
FBOM JANUABY 1
THBOUGH NOVEMBEB 30

1924

1925

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

TEXTILES— Continued
Silk
Imports, raw
thous. of lbs_.
Deliveries (consumption)
_
bales. _
Stocks, end of month:
At warehouses
_ .bales _
At manufacturers' plants
bales..
Price, Japanese, New York
dolls, per lb_.
Silk machinery activity:
Broad looms
per cent of operation..
Narrow looms..
per cent of operation. _
Spinning spindles.. .per cent of operation _.

8,408
41, 684

7,240
46, 815

6,814
41,848

42, 708
28,169
6.615

39,423
30, 107
6.664

46, 813
30, 602
6.566

91.2
60.8
104.0

93.7
61.3
112.9

96.4
59.1
107.0

1,041
1,731
657

1,086
1,536
440

890
1,533
687

1,046
1,289
368

285, 304
248, 087
1, 878
303, 001

248, 687
198, 737
4,616
318, 428

245, 804
230, 394
2,480
321, 000

242, 504
190, 761
2,183
316,884

3,756
4,135
5,565
4,167
6,842

4,051
4,067
5,476
4,580
7,163

3,803
3,607
5,738
3,580
6,993

3,597
3,771
5,849
4,452
5,579

3,274
3,304
5,781
4,433
6,492

3,402
3,434
5,752
3,907
6,673

-6.1 +16.2
-11.3 +9.2
-0.7
+4.8
-21.8 -19.2
+7.7
-2.4

Production
thous. of dozens..
Shipments
thous. of dozens..
Returned
..thous. of dozens..
Stocks, end of month
thous. of dozens..
New orders
thous. of dozens..
Unfilled orders, end of mo thous. of dozens..

1,119
1,223
20
1,136
1,174
2,460

1,217
1,472
43
941
1,499
2,672

1,094
1,157
65
957
1,018
2,670

1,017
1,103
21
959
1,473
1,811

902
979
21
928
1,556
2,233

1,035
. 988
27
954
1,669
2,833

-10.1
-21.4
+51.2
+1.7
—32.1
-0.1

+21.3
+18.2
+209. 5
+3.1
-34.6
+19.6

Burlap and Fibers
Imports:
Burlap
_ thous. of lbs_.
Fibers (unmanufactured)
long tons.

43, 664
20,936

42, 621
23, 621

39, 957
26, 930

40, 846
16, 286

30, 409
27, 109

43, 674
28, 556

-6.3
+14.0

2,804
2,377
1,857

2,987
2,380
1,852

2,537
1,975
1,933

2,460
1,644
1,290

1,889
1,536
1,302

2,021
1,467
1,446

42^484
49,824

6.811

!

52,584
331,976

69, 280
458,8,59

+31.8
+38.2

13, 685
16, 797
4,591

15, 473
17, 650
4,232

2, 287, 267
2,170,844
29, 619

2, 564, 842
2,480,743
32,681

+13.1
+5.1
-7.8
+12.1
+14.3
+10.3

Clothing
Men's and boys' garments cut:
Suits..
.thous. of garments..
1,083
Separate trousers
thous. of garments..
1,547
Overcoats . _
thous. of garments..
565
Work clothing:
Cut
- .
dozen garments.. 256, 519
Shipments
dozen garments.. 243, 131
Returned
dozen garments __
1,537
Stocks, end of month
dozen garments.. 302, 630

197, 725 -12.8
165, 850 -19.9
9,103 +145.8
+5.1
328,382

Hosiery
Production (all classes).. thous. of dozen pairs..
Shipments
..thous. of dozen pairs..
Stocks, end of month
thous. of dozen pairs..
New orders
thous. of dozen pairs .
Unfilled orders, end mo..thous. of dozen pairs..

36, 827
36, 540

42, 228
41, 712

37, 014

43, 759

+14.
+14.2
+18.2

+31.4
-0.7

531,980
267, 736

574,453
283, 228

+8.0
+5.8

-15.1 +34.3
—17 0 +28.6
+4.4 +48.5

24,385
18, 098

25, 621
21, 223

+5.0
+17.0

-49.1
-52.6

2,821

1,674

-40.7

Knit Underwear

_.

Pyroxylin Coated Textiles
Pyroxylin spread
.thous. of lbs__
Shipments billed
thous. of linear yds..
Unfilled orders, end of mo.thous. of linear yds..

:

Fall River Mill Dividends
(Reported quarterly')
Total
___,.
.thous. of dollars.
Ratio to capitalization.. per cent per quarter.

3

2338
2.759

3

299
.634

4588
* 1. 337

-11.5
-16.5

IRON AND STEEL
Iron Ore and Pig Iron
Iron ore:
Shipment from mines.thous. of long tons.
7,004
4,258
7,355
ReceiptsLake Erie ports and
furnaces
thous. of long tons.
5,646
5,147
3,198
Other ports
thous. of long tons.
1,864
2,088
1,517
Consumption
thous. of long tons
4,609
4,554
4,011
StocksTotal
thous. of long tons.
38, 424
41, 198
41, 686
At furnaces.
thous. of long tons.
31, 408
33, 542
33, 830
OnLakeEriedocks.thous. of long tons.
7,016
7,656
7,856
Pig-iron production:
Total
thous. of long tons.
2,726
3,023
i 3, 023
Merchant furnaces
thous. of long tons.
617
653
679
Furnaces in blast, end of month:
Furnaces
_
number.
200
206
220
Capacity
long tons per day.
94, 550
97, 950 i 103, 445
Per cent of total
per cent.
52.4
53.9
57.6
Ohio gray-iron foundries:
Meltings
long tons.
19, 125
25, 002
15, 953
Meltings
per cent of normal.
84.30
92.50
75.40
Stocks
long tons
24, 852 1 17, 601
20,044
Receipts
long tons.
17, 991
18, 595 1 14, 371
2
i Revised.
Quarter ending Sept. 30,1925.




7

5,597

2,056

9

-39.2 +107. 1

42, 615

54,068

+26.9

48
5

4,461
1,241
3,498

1,975
651
3,689

45
4,542

-37.9 +61.9
-27.3 +133. 0
-1.2 +23.4

. 31,509
10, 650
41, 449

38, 652
15, 712
49, 801

+22.7
+47.5
+20.2

7,081

41, 536
33, 417
8,119

40, 728
32, 679
8,049

36, 360
29, 014
7,346

+1.2
+0.9
+2.6

+2.4
+3.5
-2.4

3,250
722

2,477
619

2,510
613

2,962
585

0.0
+4.0

+20.4
+10.8

28, 126
6,869

33, 143
7,187

+17.8
+4.6

234
107, 560

182
81, 490
45.2

205
89, 100
50.9

228
98, 380
56.6

15, 407
64.50
20, 375
12. 528

16, 209
62.80
25, 387
15. 680

14, 471
63.00
17, 663
13. 083

3

Quarter ending Dec. 31, 1925.

+7.3
+16.1
+13.2
-36.2
-2.7
-1.6
213, 693
207, 911
-18.5 +20.1
-29.2 -30.7
161. 527
-22.7 - -8.3
173. 187 1 +7.2
< Quarter ending Dec. 31,1924.
+6.8
+5.6
+6.9

30

TREND OF BUSINESS MOVEMENTS—Continued
|

1925

Where available December data have
been included in this table. The cumulative* shown are in most instancesf
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found ?n
pages 29 to 151 of the August, 1925, SeptemOctober November .
ber
"Survey"

December

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

PER CENT INCREASE (+) OR
DECREASE (— )

1924

Novem- November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1924
1925

October

November

47, 305
42, 271
52, 485
44.0

45, 279
41, 657
46, 512
42.5

55, 028
48, 281
53,297
51.3

-9.2
-7.0
-15.7
-7.3

+28.8
+24.5
+11.9
+33.6

21.26
19.00
20.37

21.26
19.13
20.66

22.96
20.90
22.32

+6.0
+6.7
+5.7

+4.1
+3.9
+5.7

1924

1925

Per
cent
increase
( )
or tdecrease

1925
from
1924

IRON AND STEEL— Continued
Iron and Pig Iron— Continued
Malleable eastings:
Production
tons
Shipments.. ...
tons-Orders booked
...tons.Operating activity
per ct. of capacity. .
Wholesale prices:
Foundry No, 2,
Northern
dolls, per long ton..
Basic (valley furnace).. dolls, per long ton._
Composite pig iron
dolls, per long ton_.

54,943
50,621
46, 530
51.7

64,216
55, 795
61, 778
61.3

58,315
51,868
52, 053
56.8

20.56
18.30
20.08

20.89
18.63
20.66

22.14
19.88
21.83

22.26
20.00
22.28

3,893

3,907

3,976

61, 044
20, 576
40, 468

69, 527
31, 993
37, 534

535, 386
527 129
496^ 238

632, 155
601, 247
561, 039

+18.1
+14.1
+13.1
"

Crude Steel
Steel ingots, production
thous. of long tons..
3,493
Steel castings:
Total bookings
short tons
48, 827
Railroad specialties
short tons. . 17, 008
Miscellaneous bookings
short tons
36, 819
U. S. Steel Corporation:
Unfilled orders, end mo.thous. of long tons,.
3,717
Sheets, blue, black, and galvanized:
Production (actual)
short tons
295, 810
Production _
.per ct. of capacity. _
92.7
; tocks, end of mo.—
Total.. .
short tons. . 120, 798
Unsold.
short tons.. 36, 587
Shipments .
short tons _ 262, 050
Sales
short tons
286, 029
Unfilled orders, end of mo
short tons.. 497, 698
; ieel barrels:
Production
barrels.. 510, 869
Shipments
barrels
503, 221
Stocks, end of month __
barrels..
55, 184
Unfilled orders, end of month.
barrels-- 1, 012, 576
Wholesale prices:
Steel billets, Bessemer -dolls, per long ton._
35.00
Iron and steel
_ -dolls, per long ton..
37. 33
Composite steel
dolls, per 100 Ibs..
2.61
Composite finished
steel
- - dolls, per 100 lbs._
2.40
Structural steel beams. --dolls, per 100 lbs_.
2.00

3,125

2,121

3,569

+0.4

+25.2

33,242

40, 212

+21.0

66, 697
31. 130
35, 567

74,220
41, 343
32,877

96,164
53, 332
42, 832

+13.9
+55. 5
-7.3

-6.3
-22.6
+14.2

676, 676
335, 025
341, 651

646, 235
252, 310
393,925

-4.5
-24.7
+15.3

2, 378, 232

3, 195, 025

+34.3

2, 282, 375
2, 349, 419

2, 900, 293
2, 959, 870

+27.1
+26.0

4, 311, 819
4, 314, 940

5, 579, 169
5, 577, 625

+29.4
+29.3

4,109

4,582

3,525

4,032

4,817

+11.5

+13.6

348, 714
106.4

336, 021
107.8

247, 222
78.9

224, 931
79.7

259, 794
82.6

-3.6
+1.3

+49.4
+35.3

123, 444
40, 200
332,211
403, 491
595, 583

143, 282
36, 105
294, 660
370, 361
636, 570

118, 547
42, 685
229, 771
221, 773
275, 953

118, 384
41, 573
219, 228
462, 709
531,845

131, 599
45, 743
229, 573
350, 868
663, 460

+16.1
—10.2
-11.3
-8.2
+6.9

+21.0
-13.2
+34.4
-20.0
+19.7

447, 900
391, 401
413, 785
441, 851
407, 474
389, 230
47, 626
49, 797
53, 265
682, 533 1, 230, 808 1, 586, 034

-9.9
-10.4
+1.6
+40.1

+27.5
+28.0
+7.7
+1.4

5,033

498, 929
553, 545
498, 070
555, 981
53,607
52, 748
890, 904 1, 248, 545

i

34.25
37.57
2.61

34.75
38.73
2.63

35.00
39.12
2.65

35.75
38.65
2.68

35.50
39.01
2.68

36.00
40.23
2.75

+1.5
+3.1
+0.8

-2.1
-0.7
19

2.41
2.00

2.43
2.00

2.45
2.00

2.46
2.00

2.49
1.90

2.54
2.00

+0.8
0.0

-2.4
+5.3

106, 462
136, 754
61,015

99,504
141, 817
69, 280

128, 419
171, 134
70, 556

132, 448
158, 560
37, 119

97, 187
124, 464
30,411

101, 889
129, 465
65, 511

+29.1 +32.1
+20.7 +37.5
+1.8 +132. 0

1, 375, 646
1, 684, 194
412, 631

1, 244, 847
1, 619, 625
756, 012

-9.5
-3.8
+83.2

232, 000
80
234, 900
81

255, 200
88
263, 900
91

203, 000
70
220, 400
76

188, 500
65
220,400
76

240, 700
83
185, 600
64

229, 100
79
182, 700
63

-20.5
-20.5
-16.5
—16.5

-15.7
-15.7
+18.8
+18.8

2,134,400

2, 401, 200

+12.5

2, 189, 500

2, 447, 600

+11.8

24, 888
8,458

28, 338
8,076

28, 557
7,492

24,182
8,191

34, 153
12, 787

48, 850
26, 449

+0.8
-7.2

-16.4
-41.4

263, 550
96, 923

295,158
79, 827

+12.0
-17.6

1,816
1,970
1,535

2,130
2,170
1,406

1,886
1,975
1,496

1, 783
1,761
1,185

1,679
1,616
1,216

1,873
1,914
1,220

-11.5
-9.0
+6.4

+12.3
+22.2
+23.0

542
625
512

622
731
627

575
687
740

595
681
327

549
527
469

651
597
365

-7.6
-6.0
+18.0

+4.7
+30.4
+57.8

82.9

89.6

+13.3 +68.8
+3.4 +103. 5
+14.4 +48.6

3, 349, 335
3, 355, 666

4, 248, 690
3, 818, 742

+26.9
+13.8

Iron and Steel Products
Exports (selected series)
long tons
Exports (total)
long tons-Imports
long tons Structural steel, fabricated:
Bookings (prorated)
_. short tons.Bookings
_ per ct. of capacity. _
Shipments (prorated)
short tons..
Shipments
per ct. of capacity-Steel plate, fabricated, bookings:
Total
short tons
Oil storage tanks
short tons
Steel furniture:
Business group—
Shipments
thous. of dollars-Orders received
-thous. of dollars. _
Unfilled orders
thous . of dollars. .
Shelving—
Shipments
thous. of dollars-Orders received
thous. of dollars. .
Unfilled orders
thous. of dollars. _

!

_ __

Machinery
Machine tools, orders
"_ _ -index number. _
69.3
Washing-machine sales:
Total
number78, 774
Electric
number. . 66, 601
Foundry equipment:
Sales
dollars. _ 296, 438
351, 121
Shipments
dollars
Unfilled orders
_
dollars. - 544, 042
Agricultural pump shipments:
Total
thous. of dolls.643
62, 944
Pitcher, hand, etc number
Power pumps
..nuinber..
2,909
Steam, power, and centrifugal pumps:
New orders
thous. of dolls..
1,323
Shipments
thous. of dolls
1,461
Unfilled orders, end mo
thous. of dolls..
3,378
Patents issued: Total, all classes
__
number. 4,281
Agricultural implements
number
68
Internal-combustion engines
number. _
57
Stokers:
Sales
number. _
119
Sales
horsepower.- 38. 155




70, 362
59,918
424,054
400, 646
518, 795

480, 328
414, 148
593, 456

662
68, 152
3,666

1,481
1,582
3,252

1,289
1,290
3,256

3,725
63
59

3,777
48
53

114
53. 451

76
33. 461

4,726
48
43

+8.1 +158.2

39.2

34.7

42.5

67,925
57, 553

57, 301
48, 072

56, 576
46,878

259, 871
252, 580
329, 061

284, 617
203, 558
399, 325

397, 738
320, 109
431, 656

495
47, 177
2,380

484
39, 437
2,494

466
42, 763
2,204

1,001
1,152
2,197

873
1,023
2,052

1,293
1,145
2,247

-13.0 +47.7
-18.5 +26.1
+0.1 +58.7

11,900
12,490

15, 820
14, 876

+32.9
+19.1

3,276
56
70

35 2

' k68

4,350
62
67

+1.4
-23.8
-10.2

+7.5
-11.1
-22.1

38, 244
561
631

41, 726
681
710

+9.1
+21.4
+12.5

104
58. 565

106
37. 167

91
31. 732

-33.3
-37.4

-28.3
-10.0

1,037
482. 547

1,240
506.229

+19.6
44.-,

1

31
TREND OF BUSINESS MOVEMENTS—Continued
1935

Where\ available December data have
been included in this table. The cumulatives shown are in most instances ,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on Septempages 29 to 151 of the August, 1925,
October
ber
"Survey"

|

PEE CENT INCREASE (+) OE
DECEEASE (— )

1924

CUMULATIVE TOTAL
FEOM JANUAEY 1
THEOUGH NOVEMBEE 30

i

Novem- November,
ber,
1925,
1925,
Novem- Decemfrom
from
ber
ber
Octo- November,
ber,
1924
1925

Per
cent
increase
( }
or tdecrease
(-)
1925
from
1924

November

December

October

79,030

68, 989
81,003

68,291
74,975

67, 647
75, 333

-4.9
-4.7

-1.3
4-5.8

725, 731
816, 518

772, 299
869, 097

+6.4
+6.4

129,547
58, 402

122, 008
58,402

333, 672
125, 939
58,402

+6.6
-3.9
+8.3

4-6.3
+9.2
+41.7

1, 300, 332
1, 333, 545
694, 987

1, 352, 309
1, 409, 632
755, 358

+4.0
+5.7
+8.7

.1387

45, 528
.1293

51, 831
.1364

136, 434
237, 528
48, 161
.1426

-6.9
4-0.1
-1.1
4-0.3

-41.1
+5.2

499, 185

493, 723

-1.1

174, 822
146, 958
116. 15

309, 268
270, 379
115.45

595, 729
452, 401
114. 91

4-22.3 +42.4

2, 236, 252

2, 372, 510

110. 13

+6.1

460, 664
446, 168

590, 333
296, 729

890, 924
335, 180

2,089
20, 977
5,790
4,191
.5385

2,844
25, 088
4,085
5, 240
.5572

-22.7
+15.4
-6.6
-28.5
4-2.8

-8.9
-13.2
-2.1
+9.1
+15.4

4-0.2
4-0.3
-7.4

+16.0
+18.8
-74.3

1934

1935

NONFERROUS METALS
Copper and Brass
Copper:
ProductionMines
_
short tons
Smelter
short tons.Refined (North and South America),
quarterly
short tons..
World production, blister
.short tons
Domestic shipments, refined. ..short tons..
Stocks (North and South America)—
Refined
,shorttons_.
Blister
short tons
Exports
short tons. .
Wholesale price, electrolytic.. dolls, per lb_.
Plumbing fixtures:
Sales, tubularQuantity
. _
number. _
Value
dollars
Wholesale price, 6 pieces
dollars-Brass faucets:
Orders received
number of pieces _
Orders shipped
number of pieces

67, 720
76, 571

70, 819
83, 239

1
67, 371
i 79, 292

332, 637
125, 206
71, 215

138, 634
76, 468

i 133, 173
82, 779

354, 648

72, 855
69,007
67, 838
247, 398 i 247, 061 * 246, 910
34, 516
30,872
30,547
. 1435
.1438
.1430

71, 358
73, 019
243, 086

197, 703
192, 638
111. 72

315, 143
314,967
111. 77

368, 405
338, 083

442,427
468, 330

...long tons..
long tons..long tons __
long tons
dolls, per lb_.

2,309
17, 642
6,360
5,365
.5641

2,464
15, 770
6,070
6,401
.6046

1,904
18, 199
5,670
4,574
.6214

2,664
18, 024
6,160

.6195

2,419
18, 971
5, 090
4,496
.5004

Retorts in operation, end of month. __ number _.
Production
_
short tons..
Stocks, end of month
.short tons..
Ore, Joplin district:
Shipments
short tons
Stocks, mines, end of month _ short tons,.
Price, slab, prime western
dolls, per lb__

86, 556
47, 384
11, 796

89, 877
50, 497
7,475

90, 085
50, 629
6,922

95, 029
53, 794
9,295

72, 139
42, 488
38,452

77, 631
42, 633
26, 912

81, #4
47, 711
21, 208

70, 052
22, 500
.0775

81, 277
24,500
.0828

73, 915
19,500
.0861

67, 156

65, 581
43,400
.0632

79, 587
31, 159
.0380

58, 809
26, 600
.0737

44, 334
10, 819
46.381
96, 932
.0951

52, 927
9,702
47, 412
104, 999
.0951

50, 033
13, 709
48, 273

13, 180

.0974

.0931

47,417
9,355
45, 577
97, 471
.0824

46, 597
12, 222
42, 619
98, 361
.0869

45, 920
10, 078
42, 552
87, 197
.0921

4,621
1,041
3,580

5,550
1,380
4,170

4,955
1,421
3,534

short tons..
short tons..

511
3,003

517
3,143

492
3,346

1,129
3,475

1,280
3,730

1,240
4,151

-4.8
4-6.5

short tons..
short tons..

866
7,493

728
7,476

503
6,997

1,224
5,181

1,467
6,245

1,141
6,676

-30.9
-6.4

number
number--

121
48, 826

119
46, 622

113
41, 659

thous. of dolls..

2,530

1,495

46,817
1,629

53, 203
1,243

385, 128
110. 83

-0.8

_

-4.0
5 3,765, 763 83,765,819
5 3,943, 221 » 4,406, 389

0.0

+11.7

Tin

Stocks, end of month:
United States
World visible supply
Deliveries (consumption)
Imports
Wholesale price, pig tin

60, 040
59, 899

70, 295
69, 178

+17.1
+15.5

488,135 |

537,134

+10.0

-9.1 -7.1
-20.4 -37.4
4-4.0 +26.6

672, 771

746, 047

+10. 9

480,508
89, 955
459, 579

521,332
116, 145
502, 149

+8.5
+29.1
+9.3

-61.6
-10.3

16, 728

7,799

-53. 4

-65.7
+12.0

17,092

10, 373

-39.3

Zinc

Lead
Production...
short tons..
Ore shipments, Joplin district
short tons..
Receipts of lead in U. S. ore.
short tons..
Stocks, U. S. and Mexico, end rno.. .short tons..
Price, pig desilverized (New York) .dolls, per lb,_

.0857

-5.5

+7.4

4-1.8

+13.3

4-2.4

+12.1

4-41.3 +12.2

Babbitt Metal

Consumption:
Total apparent
Direct by producers
Sale to consumers..

thous. of lbs._
thous. of lbs._
thous, of lbs._

-10 7
4-3.0
—15 3

OTHER MINERAL AND METAL
PRODUCTS
Arsenic
Crude:
Production
_
,
Stocks, producers', end mo
Refined:
Production
Stocks, producers', end mo
Fire Extinguishers
Shipments:
Motor vehicles _
.
Hand types _
_

—5 0
—10.6

Farm Implements
Sales in Northwest

1,438

784

699

48, 373
1,534

42, 066
974

46,288
1,090

« 18, 402

a

27, 187

+47.7

437, 052
14, 145

470, 151
14, 193

FUELS
Coal and Coke
Bituminous:
Production
thous. of short tons
Exports
thous. oflongtons..
Consumption—
By vessels
thous. of long tons. .
By electric power
plants
thous. of short tons..
Priees—
Mine average, spot. dolls, per short tons..
Wholsesale, Kanawha, f. o. b.
Cincinnati
dolls, per short tons..
Retail, Chicago.. -dolls, per short tons—
i Revised.




1

-4.6
+20.7
4-18.8 4-51. 6

361

352

340

351

289

352

+17.6

3,634

3,986

+7.6
+0.3
+9.7

3, 476

i 3, 704

3,477

3,221

3,293

3,635

-6.1

+5.6

33, 950

36,225

+6.7

2.19

2.14

2.28

2.19

2.10

2.06

2.06

4-6.5

+10.7

3.49
8.89

3.39
8.99

3.39
9.69

3.39

3.39
8.21

3.39
8.13

3.39
8.14

0.0
4-7.8

0.0
+19.2

50, 780
1,477

-3.4

• Ten months' cumulatives, Jan. 1, 1925, to Oct. 31, 1925, inclusive.

32

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulative* shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925,
*'Survey"

1925

PER CENT INCREASE (+) OR
DECREASE (-)

1924

October

Novem-

151
31

7,674

6,776

11.29

11.48

11.47

11.73

14.17

14.17

14.42

September

October

Novem-

152
163

68
46

11.27

11.28

15.04

17.04

746
3,185
84

.3,402

3.70

6.53

ber

December

ber

December

Novem- November,
ber,
1925,
1925,
from
from
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEM-

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

BER 30

1924

1925

82, 838
3,281

62, 251

-24.9
-13.6

9,344

FUELS-ContiDued
Coal and Coke— Continued
Anthracite:
Production
thous. of short tons
Exports thous. of long tons PricesWholesale, chestnut,
New York
dolls, per long ton. .
Retail chestnut,
New York
dolls, per short ton
Coke:
ProductionBeehive
thous. of short tons..
By-product
thous. of short tons..
Exports . ._
-thous. of long tons..
Price, furnace
Connellsville
dolls, per short tons .

|

1,006

362

1,213

631

3,557

2,900

630

2,927

-89.0

+0.1

-1.6

+20.6
+4.6
+22.5

+92.5
+21.5
+52.6

900

3,267

8,768

2,834

30, 728
600

36, 223
722

+6.6
+17.9
+20.3

650, 648

695, 029

+6.8

56

57

3.13

3.23

4.04

59, 937

56, 297

56, 617

-4.2

+9.5

362, 374

359, 658

6,649

351, 950
5,841

-0.2
+12.0

-5.2
-26.4

71,935

57,645

-19.9

55, 779
1,060

55, 029
1,007

57, 880
994

-5.6
-16.3

+10.0
+18.0

588, 220
13, 554

677, 656
15, 386

+15.2
,+13.5

21,413
9,989

20, 723
11, 204
1.212

19,769
11,443

+1.0

-12.2

-0.7

+31.0

113, 057

90, 244

-20.2

1.195

762, 046
795, 613
760, 647
94, 951
90, 907
98, 701
662, 589
751, 499
698, 359
1, 152, 374 1, 133, 169 1, 179, 503
.140
.150
.~170~
.148
257, 075
237, 801
268, 404

—2.4
+21.4
-8.9
+4.0
0.0

+21.0
+30.9
+8.6
+40.3
+14.9

8, 164, 067
1, 080, 305
7, 113, 712

9, 914, 578
1, 164, 881
8, 573, 727

+21.4
+7.8
+20.5

-8.9
-1.2
+6.4 +12.9
—6. 1 -6.8
+3.9
-2.4

2, 277, 277

2, 286, 553
1, 532, 525

+0.4
+9.8

+8.4 12, 260, 876 13,981,027

+14.0

87

6.88

283

7,376 +122. 1
321 -32.6

4.45

56

+5.4 +113. 0

Petroleum
Crude petroleum:
61, 658
64, 708 i 64, 352
Production
thous. of bbls
Stocks, end of month —
Tank farms and pipe
343, 740 1341,736 341, 116
lines
thous. of bbls
4,891
Imports
-_ thous. of bbls
4,367
4,027
Consumption64, 130
60, 521
Run to stills
thous . of bbls
62,278
1,420
1,188
1,501
Oil wells completed
number
Mexican field —
18,029
18, 205
Storage, Tampico
thous. of bbls
6,905
Shipments
_ . .thous. of bbls _
6,626
1.600
Price, Kansas-Oklahoma
dolls, per bbL.
1.600
1.588
Gasoline:
Production.
thous. of gals.. 906, 109 944, 433 922, 058
102, 404
124, 301
Exports
. thous. of gals _
88,011
758,111
Consumption
_.thous. of gals.. 848,867 831, 774
Stocks, end of month
thous. of gals.. 1, 514, 150 1, 529, 248 1,589,880
.170
.170
.170
Price, motor, New York
dolls, per gal..
Retail distribution, 21 States.thous. of gals.. 322,828 312, 336
Kerosene oil:
Production
thous. of gals.. 197, 834 215, 158 212, 665
154, 241
180, 298
Consumption
thous. of gals
144,956
Stocks at refineries at end mo .thous. of gals.. 352, 656 335, 001 314, 554
.080
.074
.077
Price, 150° water white
dolls, per gal..
Retail distribution, 13 States.thous. of gals__ 37, 029
35, 199
Gas and fuel oil:
Production
._
thous. of gals.. 1, 280, 955 1, 321, 652 1, 229, 771
Consumption—
By vessels
thous. of gals._ 155, 793 128, 900 159, 097
33, 072
33, 977
By electric power plants -thous. of gals
35, 008
Stocks at refineries, end of mo. thous. of gals. .2, 521, 397 2,445,755 2,299,010
1.215
Price, Okla.,24-26at refineries. dolls.per bbl .
1.056
1, 050
Lubricating oil:
110,467
Production
thous. of gals__ 107, 717 109, 534
73, 556
75, 105
82, 676
Consumption
. thous. of gals
293, 912
286, 595
283, 925
Stocks at refineries, end mo thous of gals
Price, Pa., 600° fil., "D"
.157
.159
.153
at refineries
dolls, pergal..

1.550

.088

1.250

232, 666
134, 909
308, 125
.083
34, 109

233, 521
136, 605
337, 448
.082
30, 971

243, 832

156,286

338, 826
.084
29, 972

1, 160, 683 1, 134, 147 1,199,093

1.250

.174

-7.0

1,019

1,170

+23.4 +7.5
-5.5 -30.9
+40.1
-6.0
+15.1 +19.2

97, 223
61, 801
247, 998

94, 948
70, 579
242, 246

104. 391
60, 264
257, 336

+0.9 +16.3
-2.1 +4.2
+2.6 +21.3

.186

.194

.226

204, 343
198, 381

182, 099
174, 899

173,880 1 148, 021 169, 596
59, 024
47,872
57, 717
1,611,586 1, 641, 090 1, 670, 509
.933

-1.3

1,396,180

1,650,005
644, 158

1,646,377
395,278

-0.2
-38.6

1, 050, 537

1, 187, 159
796, 796

+13.0
+14.3

3, 080, 665

696,848

-19.1

AUTOMOBILES

Production:
Passenger cars—
Total
number of cars
United States
number of cars. .
Canada
. number of cars
TrucksTotal
. number of cars United States
..number of cars-Canada
number of cars
Exports:
Assembled—
Total
. _. number of cars .
Passenger cars
..number of cars..
Trucks
number of cars Accessories and parts
thous, of dolls..
From CanadaTotal
number of cars. .
Passenger cars
number of cars
Trucks
number of cars
Internal-revenue taxes collected on:
Passenger automobiles and
motor cycles
thous. of dolls. .
Automobile trucks and
wagons
thous. of dolls
Sales of automobile accessories
and parts
thous. of dolls
Foreign assemblies
number of cars . .
i Revised




4,873

272, 425
262, 053
10, 372

406, 572
392, 651
13, 921

336, 358
327, 617
8,741

260,881

60, 370
57, 890

45, 914

44,220

39, 893
37, 704
2,189

32,475
31,205

1,694

22,562

28,472

18, 487

4,075

21, 158
7,314

17, 097
14, 373

7,561

7,521

6,346

5,547
4,030

7,976
6,229

9,323
7,659

2,480

22, 814
18, 780

4,034

254, 524

6,357

1,270

2,724
5,534

7,200

-17.3 +64.6
—16.6 +65.1
—37.2 +463. 6

2,970, 100

110, 745

3, 532, 390
3, 400, 589
131, 801

+14.7
+14.5
+19.0

27, 905
26, 824
1,081

27, 542
25, 852
1,690

-13.1 +43.0
-14.7
+40.6
+29.2 +102. 5

349, 802
334, Oil
15, 791

462, 394
442, 210
20, 184

+32.2
+32.4
+27.8

13, 517
11, 619
1,898

13, 060
10, 962

+26.2 +110. 6
+14.4 +82.1
+79.5 +285.4
-15.6
+11.6

165, 061
140, 102

269, 417
219, 682
49, 735
76, 303

+63.2
+56.8
+99.3
+11.8

+60.6
+76.0
+14.5

51,883

67, 172
52, 363

14,809

+29.5
+30.8
+25.0

8,586 +147. 9 +181. 4

+10.9

5,962

5,686

2,098
4,799

5,805
4,352

4,772
3,847

+16.9
+23.0
-4.8

24,959
68,231

1,517

1, 747

1,664

4,514
3,481
1,033

11,800

5,089

12, 614

7,469

4,482

92,529

102, 600

1,463

580

438

1,301

522

361

-24.5

-16.1

9,973

7,174

-28.1

53, 381
11, 530

33,002

45, 191
14, 399

39, 339
12, 584

27, 936

36,294
9,676

+36.9
+15.8

+61.8
+11.9

518, 563
132, 670

423, 335
160, 714

-18.4
+21 1

1 12, 437

1,453

12,864

924

40, 036
11, 847

33

TREND OF BUSINESS MOVEMENT—Continued.
1925

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
Decempages 29 to 151 of the August, 1925, SeptemOctober November
ber
ber
"Survey"

AUTOMOBILES— Continued
New passenger-car registrations: c
Second highest group

number of cars. -

RUBBER
Crude:
World shipments, plantation

long tons-

Stocks, end of monthConsumption by tire mfrs
thous. of Ibs..
Wholesale price, Para, N. Y_.dolls. per lb_.

193, 169
7, 893
50, 468
46, 417
87, 073
1,318

247, 002
8,663
47, 814
43, 918
145, 508
1,099

44, 496
26, 367

44, 872
34, 651

63, 220
46, 745
.590

63, 570
42, 211
.773

PEE CENT INCREASE (+) OR
DECREASE (— )

1924

October

November

December

Novem- November,
ber,
1925,
1925,
from
from
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1994

1935

+12.1

302, 988

356, 903

+17.8

-7.9
-2.4
+10.3 +198. 3

414, 890

512, 619

+23.6

j
i

!

37, 755

34, 290
38, 997

36, 599
33, 691

39, 823
26,407

38, 876
.853

50, 600
46, 045
.262

54, 300
39, 812
.286

57, 670
38, 956
.315

.764

+9.0

X

Tires and Tubes
Pneumatic tires:
Production

XX

3,755
5,761
3,293

3,379
5,003
4,088

3,172
5,216
2,667

3,877
5,338
3,046

3,190
5,207
3,273

3,438
5,571
3,008

-6.1
+4.3
-34.8

-0.6
+0.2
-18.5

35,288

42, 063

+19.2

33, 560

40, 644

+21.1

5,440
7,463
4,851

4,959
6,545
5,764

4,699
7,119
3,982

5,896
7,352
4,177

4,602
7,668
4,679

4,704
8,289
4,066

-5.2
+8.8
-30.9

+2.1
-7.2
-14.9

48, 324

56, 711

+17.4

46, 010

55, 891

+21.5

56
136
39

45
127
55

42
119
47

48
145
45

42
149
41

46
154
39

-6.7
-6.3
-14.5

0.0
-20.1
+14.6

512

569

+11.1

486

561

+15.4

27, 055
1,977
12, 872
6,095
4,002

20, 338
1,773
8,957
5,248
3,268

27, 716
1,262
16, 020
6,181
2,885

26, 719
3,469
13, 897
3,879
4,556

33, 355
2,873
22, 145
3,448
3,358

39, 020
3,543
22, 898
5,059
4,207

+36.3
-28.8
+78.9
+17.8
-11.7

-16.9
-56.1
-27.7
+79.3
-14.1

317, 655
37, 570
162, 719
47, 172
53, 910

337, 177
27, 317
155, 647
74, 582
58, 266

+6.1
-27.3
-4.3
+58.1
+8.1

251, 459
192, 753
38, 456
20, 250

259, 369
203, 246
38, 343
17, 780

273, 686
220, 293
36, 441
16, 952

256, 232
212, 223
28, 112
15, 897

265, 605
223, 361
27, 196
15, 048

283, 266
241, 639
27, 840
13, 787

+5.5
+8.4
-5.0
-4.7

+3.0
-1.4
+34.0
+12.7

.177
.198

.174
.200

.163
.198

.163
.194

.174
.203

.174
.209

-6.3
-1.0

-6.3
-2.5

doz

1,107
20, 701
62, 645
96, 548
33, 418

* 1,318
23, 957
68, 346
124, 900
34, 205

1,078
19, 983
60, 289
112, 492
28, 741

1,351
23, 389
68,377
101, 167
40, 539

1,198
20, 783
57, 633
96, 432
38, 170

1,362
23, 476
67, 895
97, 990
40, 706

-18.2
16 6
-11.8
-9.9
-16.0

-10.0
-3.8
+4.6
+16.7
-24.7

13, 282
236, 498
701, 515
1, 151, 460
363, 609

13, 821
249, 015
690, 930
1, 123, 869
369, 431

+4.1
+5.3
-1.5
-2.4
+1.6

sides..

215, 929

182, 652

165, 083

168, 642

157, 592

125, 435

—9.6

+4.8

88, 202
145, 869

81, 303
147, 329

78, 176
149, 608

88, 504
127, 332

89, 329
129, 682

86, 888 • — 3. 8
132, 351
+1.5

-12.5
+15. 4

20, 345
77, 252

17, 260
82, 256

-15.2
+6.5

5 3, 617
5 6, 167

5 3, 716
8 6, 364

+2.7
+3.2

288, 627
5,743

299, 101
6,047

+3.6
+5.3

thousands. .

Shipments, domestic
Inner tubes:
Production

thousands. _

Shipments, domestic
Solid tires:
Production...

thousands- .

thousands..

thousands. .

Shipments, domestic

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

thousands . .

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
Calfskins
Cattle hides
_._.

thous. of lbs_.
thous. of lbs_.
tbous. of lbs._

Sheepskins
Stocks, end of month:

thous. of lbs__

Cattle hides
v^aii dnii Kip bKina.

thous. of lbs_tuoua. 01 it)b_-

Priees:
Green salted, packers' heavy native
n iif i •

~-i-

XT

1

!a 11 '

iru "

Leather
Production:
Sole leather
thous. of bks., bends, sides..
Finished sole and belting
thous. of lbs__
Skivers
Unfilled orders:
Oak and union harness
Stocks in process of tanning:

.156
.192

Stocks, end of month:
oo e ana ueii ng

_ _ i ous. OIIDS__

131, 377
296, 174

127, 926
291, 891

122,429
290, 815

134, 272
324, 922

126, 204
316, 411

124, 445
311, 074

-4.3
-0.4

-3.0
-8.1

Exports:
Sole.
_
Upper
_
Prices:
Sole, oak, scoured backs,

thous. of lbs._
thous. of sq. ft__

1,637
7,991

1,859
7,986

1,137
7,855

1,923
7,504

1,864
6,959

2,182
6,535

-38.8
-1.6

-39.0
+12.9

Chrome calf, "B " grades. .dolls, per sq. ft..

.460
.460

.460
.460

.470
.460

.445
.460

.465
.460

.480
.480

+2.2
0.0

+1.1
0.0

361
622

364
626

338
576

303
515

324
548

30, 826
552

25, 322
494

24, 602
569

-20.8
+8.2

-2.9
+12.8

Leather Products
Belting sales:
Quantity
_
thous. oflbs..
Value
thous. of dolls..
Boots and shoes:
Production
thous. of pairs..
Exports
thous. of pairs
Wholesale pricesMen's black calf,
blucher, Mass
.dolls, per pair
Men's dress welt, tan
calf, St. Louis
dolls, per pair..
Women's black kid, Goodyear
welt, St. Louis
dolls, per pair..
* Revised.

29, 769
401

1

31, 055
515

4.60
4.60

24, 583
557

6.40

6.40

6.40

6.40

6.25

6.25

6.25

0.0

+2.4

5.15

5.15

5.15

5.13

4.88

5.00

5.00

0.0

+3.0

4.00

4.00

4.00

4.00

3.85

3.85

3.90

0.0

« See table on p. 14 of the Oct ober, 1926, issue for e arlier data




j

+3.9
s Ten months' cumiilatives, .Fan. 1 to Oct. 31, 1925, inclusive.

34

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925,
"Survey"

Septem-

October

PER CENT INCREASE (+) OR
DECREASE (-)

nu

1925

November

December

October

November

525, 459

475, 959

Novem- November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEM-

BER 30

i

1924

1935

5, 345, 701

5, 798, 658

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

HIDES AND LEATHER— Continued
Leather Products— Continued
Gloves:
Glove leatherProduction
number of skins _ 482, 137 560, 730 576, 743
Stocks (tanned)—
In process
number of skins . 1, 127, 024 1, 287, 706 1, 353, 367
Finished
_ _ number of skins. _ 343, 559 328, 282 324, 050
Gloves cutTotal
_ ... dozen pairs.. 207, 796 223, 118 201, 767
Dress and streetImported leather
dozen pairs. . 44, 315
41, 606
48, 637
Domestic leather
dozen pairs.. 24, 437
29, 870
30, 121
Work gloves
dozen pairs.. 139, 044
144, 360
130, 291

513, 391

+2.9

+21.2

1, 365, 963 1, 370, 615 1, 314, 152
404, 552 350, 246
288, 157

+5.1
-1.3

-1.3
-7.5

-9.6

+23.7

2,107,206

2, 241, 770

+6.4

+8.5

197, 927

163, 045

156, 954

36, 698
29, 523
131, 706

34, 920
23, 684
104,441

23, 926
21, 598
111,430

-14.5 +19.1
-0.8 +26.1
-9.7 +24.8

360,398
336,833
1, 409, 975

462, 050
342, 363
1, 437, 357

+28.2
+1.6
+1.9

1, 553, 284
1, 568, 322

-4.4
+1.2

299, 400

+34.9

2, 253, 466
2, 256, 780

+2.8
+1.9

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
Consumption and shipments
Stocks, end of month
Imports
Chemical:
Production
Consumption and shipments
Stocks, end of month
Imports
Price
_
dolls,

short tons._
short tons
short tons..
short tons

139, 066
151, 238
199, 895
32, 812

138, 789
144, 371
191, 949
35, 105

145, 523
155, 348
194, 882
30, 565

121, 700
131, 822
183, 846
24, 835

123, 465
127, 911
179, 466
29, 228

-0.2 +14.0
-4.5 +9.5
-4.0 +4.4
+7.0 +41.4

1, 625, 256
1, 549, 638

short tons i 196, 690 i 219, 752
short tons._ i 1193, 784 i 222, 370
short tons
45, 252 i 41, 140
short tons
111, 163 117, 388
2.68
per 100 lbs_.
2.68

204, 800
204 340
37, 960
110, 328
2.68

227, 424
229, 032
48, 562
135, 238
2.51

198, 506
195, 190
51, 778
109, 047
2.57

198, 640
195, 760
54, 372
132, 344
2.63

+3.2
-6.8
-8.1 +4.7
-7.7 -26.7
+1.2
-6.0
0.0 +4.3

2, 191, 034
2, 213, 756

.short tons
short tons
short tons
short tons__
short tons

100, 594
134, 505
212, 666
24, 777

221, 924

1, 144, 440

1, 221, 882

+6.8

Newsprint Paper
Production
Consumption
Shipments _ _ _ _ _ . .
Imports
Exports
.
Stocks, end of month:
At mills
At publishers
In transit to publishers
Price roll f o b mill

short tons
short tons
short tons
dolls per cwt

121, 019
145, 082
127, 409
110, 688
1,869

135, 225
167, 515
142, 204
145, 088
1,784

130, 102
163, 935
133, 199
124, 681
2,947

129, 852
147, 448
130, 281
114, 121
1,677

118, 275
145, 363
121, 658
112, 442
1,454

121, 053
143, 712
122, 148
125, 241
1,350

-3.8
-2.1
-6.3
-14.1
+65.2

27, 326
159, 926
31, 054
3.70

20, 446
144, 333
33, 261
3.70

17, 418
131, 236
34, 635
3.70

28,229
187, 158
33, 575
3.78

25, 062
169, 389
36, 394
. 3.78

23, 838
167, 024
32, 935
3.78

-14.8 -30.5
-9.1 -22.5
+4.1 -4.8
0.0 -2.1

695
117
12, 973
96

977
157
12, 654
108

668
126
12, 172

799
93
12, 584
105

905
181
10, 799
93

530
161
12, 032
106

-31.6 -26.2
-19.7 -30.4
-3.8 +12.7

+10.0
+12.8
+9.5
+10.9
+102. 7

1, 349, 528
1, 358, 804
1, 347, 911
1, 231, 542
15, 794

1, 388, 825
1, 614, 679
1, 391, 714
1, 326, 160
20, 796

+2.9
+18.8
+3.2
+7.7
+31.7

6,798
1,562
123,086

7,512
1,479
130, 712

+10.5
-5.3
+6.2

Printing
Book publication:
American manufacture
no. of titles
Imported
. _ _ __ .no. of titles
Sales books, shipments
thous. of booksPrinting activity
weighted index number. .
Boxboard
Operation
_
inch hours. .8, 152, 403 18,438,784 7, 770, 106
97.4
Operation
per ct of capacity
100.9
102.2
Production
_
tons i 198, 749 204, 492 190, 136
Orders received
tons
191, 840 207, 178 192,451
Unfilled orders, end of month
tons
109, 191 101, 981 102, 786
Consumption of waste paper
tons _ _ 187, 620 189, 684 179, 026
Shipments
tons i 202, 599 213, 019 191, 646
44, 541
Stocks end of month
tons
46, 054
* 51, 699
Stocks of waste paper, end of month:
155, 476 i 168, 305 165, 289
On hand
tons
18, 587
15, 010
In transit
tons _
13, 866
31, 918
30, 324
Unshipped purchases
tons
35, 721

—7.9
-3.5
-7.0
-7.1
+0.8
-5.6
-10.0
-3.3

+3.0 88, 701, 925 86, 962, 214
-7.0
+11.5 1, 974, 116 2, 082, 550
+10.5 1, 966, 659 2, 089, 928
+8.5
+10.0 1, 884, 855 1, 971, 132
+13.4 1, 972, 532 2, 087, 770
-3.6

+4.6
+5.8

+0.7
-3.3
+8.5

175, 945
14, 921
27, 804

164, 065
15, 523
29, 423

179, 442
14, 329
31, 620

105, 484
63, 411

111, 410
48, 103

104, 725
49, 546

105, 772
51, 528

-5.0 +0.7
-2.0 +28.0

84, 672
79, 461

90,130
104, 867

84, 314
109, 586

88, 109
113, 614

37, 045
50, 288

33, 125
50, 174

29, 944
51, 523

30, 568
52, 143

96, 037
61, 126

109, 906
57, 602

95, 723
57, 977

101, 263
57, 782

643, 476
316, 232

670, 633
333, 622

601, 859
339. 620

616, 648
347, 115

-1.8
-19.2
+5.3

-2.0
+5.5
+6.3

Other Paper

Book paper:
111, 036
Production
short tons
103, 772
64, 705
Stocks end of month
short tons
64, 064
Wrapping paper:
99, 916
i
89,
076
Production
short tons
85, 675
Stocks end of month
short tons
90, 205
Fine paper:
41, 255
Production
short tons
35, 750
49, 923
Stocks end of month
short tons
49, 558
All other grades:
102, 195 107, 891
Production
short tons
63, 989 i 61, 551
Stocks end of month
short tons
Total paper (inc. newsprint and boxboard) :
Production
short tons.. i 650, 661 i 699, 795
Stocks, end of month
_. .short tons.. i 350, 117 i 332, 884
i Revised.




8, 422, 014 7, 546, 373 7, 488, 756
104.7
89.8
96.6
196, 633 170, 550 170, 674
174, 184
180, 846
180, 284
94, 711 107, 584
87, 563
189, 187
162, 771 163, 878
198, 352
169, 018 168, 677
46, 214
48, 211
44, 682

1, 125, 061

1,176,864

+4.6

-15.3 +0.4
-7.3 -27. 5.

927, 556

1, 079, 464

+16.4

-10.2 +23.7
+0.7 -2.4

339, 154

410, 683

+21.1

-11.0
-0.7

+0.3
+5.4

1, Oil, 763

1, 103, 990

+9.1

-8.0
-5.0

+6.9
-6.9

6, 720, 655

7, 158, 442

+6.5

35
TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, September
"Survey"

October

PER CENT INCREASE (+) OR
DECREASE (— )

1924

1925

November

December

October

November

Novem- November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
or decrease

1924

1925

1925
from
1924

PAPER AND PRINTING— Continued
Paperboard Shipping Boxes
Production:
Total
Corrugated
Solid
fiber
Operating activity:
Total
Corrugated
Solid fiber _

thous. of sq. ft .
thous. of sq. ft..
thous. of sq. ft..
per cent of normal .
per cent of normal . .
per cent of normal. .

370, 315
290, 698
79, 617

422, 548
341, 384
81, 164

331, 390
256, 410
74, 980

332, 824
259, 300
73, 434

321, 617
248, 956
72, 661

81
82
79

88
90
81

77
77
78

78
77
80

75
74
76

53,026,479 83,450,264
82,265,339 5 2, 680, 352
5 760, 540 5 769, 894

+14.0
+18.3
+1.2

971,071
132, 185

+11.6
+19.8

« 12, 263
57, 122
1, 534, 804

+12.7
+5.5
+8.0

Other Paper Products
Rope paper sacks, shipments. ..index number..
Abrasive paper and cloth:
Domestic sales
.reams. .
Foreign sales
reams..

138

101

153

119

112

-26.8

-15.1

102, 058
14,034

76,877
14, 836

86, 587
8,591

73, 581
11, 940

77, 429
11,606

-24.7
+5.7

+4.5
+24.3

48.1
12, 197

47.3
12, 286

32,1
13, 605

36.1
i 13, 623

36.8
13,656

-1.7
+0.7

+31.0
-9.8

45.9
50.1
47.8

50.6
51.0
51.9

47.3
46.1
47.3

45.8
45.7
48.3

43.5
51.0
45.5

42.2
43.6
39.5

-6.5
-9.6
-8.9

+8.7
-9.6
+4.0

number..
1,510
number. .
8,497
number. . 149, 156

1,429
7,079
165,375

5,136

1,299
6,226
150, 824

1,246
5,058
130, 824

1,004
3,307
139, 453

-27.4

+1.5

194
195

195
196

193
195

196
199

195
193

201
202

-1.0
-0.5

-1.0
+1.0

205

206

206

208

208

206

209

0.0

194

194

194

195

195

195

197

0.0

200
210
199
200

201
210
199
201

204
212
199
201

204
216
206
202

203
215
205
201

203
214
205
201

+1.5
+1.0
0.0
0.0

+0.5
-1.4
-2.9
0.0

12, 228
7,231
52, 238
3,937

11,421
7,758
50,309
3,157

9,664
4,478
32, 143
4,127

10,038
4,101
34, 779
2,825

8,424
8,705
33, 153
3,254

-6.6
+7.3
-3.7
-19.8

+13.8
+89.2
+44.7
+11.8

104, 615
45, 327
389, 153
54, 988

137, 674
62, 274
492, 231
55, 294

+31.6
+37.4
+26.5
+0.6

5,418
82, 577

4,070
77, 871

4,195
55, 087

3,181
55, 258

3,785
53, 625

-24.9 +27.9
-5.7 +40.9

51, 926
652, 783

65,413
824, 602

+26.0
+26.3

55, 912
63, 316
262, 726
28, 192

61, 336
53, 309
240, 280
22,048

55, 969
29, 033
166, 199
27, 675

55, 255
34, 373
191,319
18, 311

38, 696
30, 776
166,839
25, 797

+9.7
-15.8
-8.5
-21.8

+11.0
+55.1
+25.6
+20.4

557, 646
315, 494
1, 883, 255
341, 643

767, 903
433, 409
2, 422, 027
381, 559

+37.7
+37.4
+28.6
+11.7

43,376
66, 007
519, 528

30, 675
57, 035
464, 683

29, 991
101, 224
410, 091

22, 947
57, 455
379, 660

30, 259
35, 620
327, 986

-29.3 +33.7
-13.6 -0.7
-10.6 +22.4

362, 480
688,291
4, 157, 806

512, 757
793, 818
5, 311. 372

+41.5
+15.3
+27.7

23, 991
647

30, 320

27,944
510

39,082
392

44,477
432

-22.4

333, 052
' 6, 619

330, 226
« 6, 077

-0.8
-8.2

133

86,448
10, 997

1

870, 600
110, 371

BUTTONS
Fresh-water pearl buttons:
Production
per ct. of capacity. .
46.2
Stocks, end of month
thous. of gross..
12, 228
GLASS
Illuminating glassware:
Net orders.
Actual production
Shipments billed

per ct. of capacity. .
per ct. of capacity. .
.per ct. of capacity..

BUILDING CONSTRUCTION AND
HOUSING
Bental advertisements:
Portland, Oreg
Minneapolis, Minn
Heal estate conveyances (41 cities)

3,042

* 10, 880
54, 152
•1,421,251

5

Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of following mo...
Brick house, 6-room, 1st of following mo
Building costs (Engineering News Record), 1st
of following month
Concrete factory costs (Aberthaw), 1st of following month
•Construction index: <*
Frame
index number..
Brick, wood frame.index number..
Biick, steel frame
index number. .
Reinforced concrete
index number. .

0.0.
-0.5

Construction and Losses
•Contracts awarded (36 States) :
Commercial buildings
thous. of sq. ft..
13, 262
Industrial buildings _
.thous. of sq. ft
8,643
Residential buildings
thous. of sq. ft.. 46, 790
Educational buildings
thous. of sq. ft_.
4,744
Other public and semipublic buildings
thous. of sq. ft
8,270
Grand total
thous. of sq ft
86, 167
Contracts awarded, value (36 States) :
Commercial buildings
thous. of dolls
80, 171
Industrial buildings
thous. of dolls
43, 298
Residential buildings
thous. of dolls.. 250,417
Educational buildings
thous. of dolls_. 35, 217
Other public and semipublic buildings
thous. of dolls
59, 445
Public works and utilities. -thous. of dolls. _ 79, 668
Grand total
thous. of dolls
548, 217
Fire losses:
United States and Canada. -thous. of dolls .. 25, 396
Great Britain
thous. of £ sterling. .
395

+26.4

Lumber
Southern pine:
Production (computed)
M ft. b. m
481, 936 484, 840 423,026
463,009 424, 187 422,347 -12.7
-0.3 5, 018, 061 5, 231, 201
Shipments (computed)
M ft. b. m__ 491,568 496, 022 469, 155
-5.4
493, 650 482, 758 423, 993
-2.8 5, 089, 802 5,209,946
Orders (computed)
M ft. b. m. . 501, 395 511, 706 494, 812
506, 478 524, 194 428, 688
-3.3
-5.6 5,136,466 5, 274, 862
Stocks, end of mo. (computed) . M ft. b. m_.1, 181, 906 1, 199, 328 1, 152, 743
1, 080, 026 1, 026, 246 1, 041, 774
-3.9 +12.3
Exports (incl timber)
M ft. b m
48, 932
43, 993
56,962
60, 232
83,119 +23.1 +5.7
73, 121
762, 142
739, 299
Price,
flooring
dolls, per M ft. b. m_.
47.41
46.42
48.27
44.42
42.48
49.83
+1.8 +13.6
40.31
Stocks, end of mo. (computed) .M ft. b. m__ 1, 181, 906 1, 199, 328 1, 152, 743
1, 080, 026 1, 026, 246 1, 041, 774
—3 9 +12.3
d
i Revised.
« Ten months' cumulatives Jan. 1, to Oct. 31,1925 inclusive.
See table on p. 26 of the October, 1925, issue for earlier data.




+4.2
+2.4
+2.7
-3.D

36

TREND OF BUSINESS MOVEMENTS—Continued.
1925

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
October
pages 29 to 151 of the August, 1925, September
"Survey"

BUILDING CONSTRUCTION
HOUSING— Continued

November

Novem- November,
ber,
1925,
1925,
from
from
Octo- November,
ber,
1924
1925

December

October

November

December

15.50

542, 996
503, 156
637, 898
45, 489
39, 092
16.50

515, 690
465, 106
566, 274
46, 139
23, 758
16.50

446, 752
455, 258
527, 776
39, 931
25, 357
16.50

o 7
-12.3
-f 13. 2
-37.1
-24.5
0.0

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

1934

1925

+13.3
+13. 3
+9.8
-18.2
+8.1
0.0

5, 419, 221
5, 517, 705
5, 590, 671
583, 609
459, 763

6, 001, 162
6, 128, 295
6, 165, 001
530, 063
291, 210

+10.7
+11.1
+10.3
+9.2
-36.7

AND

Lumber—Continued
Douglas fir:
Production
M ft. b. m
568, 960
Shipments (computed)
M ft. b. m._ 575, 227
New orders
M ft. b m
564, 484
Exports, lumber
M ft. b. m
49, 225
Exports, timber
M ft. b. m
27, 078
16.50
Price, No. 1 common. dolls, per M ft. b. m._
California redwood:
Production (computed)
M ft. b. m__
39, 451
38, 620
Shipments (computed)
M ft. b. m
32, 391
Orders received (computed)
M ft. b. m
California white pine:
167, 244
Proiuction
M ft b m
Shipments
M ft. b. m
129,970
Stocks, end of month
M ft. b. m
641, 152
Western pine:
Production (computed)..
M ft. b. m._ 173, 285
Shipments (computed)
M ft. b. m
151, 440
Stocks, end of mo. (computed) _M ft. b. m_. 1, 037, 717
North Carolina pine:
Production (computed)
_._M ft. b. m..
63, 504
Shipments (computed)
M ft. b. m
55, 979
Northern pine:
Lumber—
Production
M ft b m
45, 825
50, 465
Shipments
M ft. b. m _ _
42, 994
Orders received
M ft. b. m
LathProduction
M ft. b m
12, 144
Shipments
M ft. b. m__
11, 197
Northern hemlock:
29, 207
Production
M ft. b. m
Shipments
M ft b m
19, 285
Northern hardwood:
Production
M ft. b. m._
15, 399
29, 508
Shipments
M ft. b. m
Walnut lumber:
Production
M ft. b. m
3,363
3,287
Shipments
M ft. b. m
Stocks, end of month
M ft. b. m
20, 688
Walnut logs:
2,897
Purchased
M ft log measure
Made into lumber and
2,879
veneer
M ft. log measure
4,770
Stocks, end of month... M ft. log measure-Hardwoods:
Total stocks761, 818
Total hardwoods
M ft. b. m
222, 577
Gum
M ft b m
Oak
M ft. b. m
228, 742
Unsold stocksTotal hardwoods
M ft. b. m
608, 554
Gum
M ft. b. m._ 171, 838
Oak
M ft. b. m
178, 850
Unfilled orders —
Total hardwoods
M ft. b. m
176, 217
Gum
M ft b m
60, 712
Oak
M ft. b. m
56, 688
Units reporting
number. _
200
All lumber:
Production, 10 species
M ft. b. m._ 2, 800, 999
Exports, planks, joists, etc
M ft. b. m_. 138, 044
Retail yards, Minneapolis
Fed. res. dist.—
Sales
M ft. b m
20, 999
Stocks, end of month M ft. b. m
115,453
Composite lumber prices:
40.58
Hardwoods
dolls, per M ft. b. m
Softwoods
dolls, per M ft. b. m
30.35
Flooring
Maple flooring:
Production.. _ .
_
_M ft. b.
Shipments
M f t b.
Stocks, end of month
M ft. b.
Orders booked
M ft b.
Unfilled orders, end of month M ft. b.
Oak flooring:
Production
M ft. b.
Shipments
M ft b
Stocks, end of month
M ft. b.
Orders booked
M f t b.
Unfilled orders, end of month. _M ft. b.
1
Bevised.




PER CENT INCREASE (+) OR
DECREASE ( — )

1934

600, 295
600, 743
549, 264
61, 457
34, 014
16.50

584, 180
526, 881
621, 782
38, 683
25, 678
16.50

44, 089
36, 641
38, 328

36, 897
38, 216
37, 103

44, 532
32, 755
35, 099

53, 507
41, 104
43, 684

50, 503
37, 195
44, 695

-16.3
+4.3
-3.2

-31.0
-7.0
-15.1

527, 131
413, 804
412, 847

472, 712
427, 194
414, 588

-10.3
+3.2
+0.4

164, 357
145, 665
659, 855

118, 200
111, 350
644, 318

126, 115
102, 239
673, 923

78, 753
89, 684
630, 653

39, 813
85, 378
630, 157

-28.1
-23. 6
-2.4

+50.1
+24.2
+2.2

1, 112, 924
835, 907

1, 320, 520
1, 177, 957

+18.7
+40.9

92, 278
147, 659
120, 413
148, 118144, 203
125, 977
1, 128, 395 1, 116, 779 1, 053, 038

-16. 6
-19.1
+7.1

+21.7
-9.8
+2.8

1, 559, 649
1, 474, 897

1, 696, 895
1,535,157

+8.8
+4.1

i 175, 843
146, 568
i 140, 480 113, 626
11,071,835 1, 148, 409

51, 849
56, 042

58, 821
53, 844

43, 841
44, 919

-6.9
-0.5

-1.0
5.1

545, 890
547, 120

605, 563
570, 619

+10.9
+4.3

35, 591
36, 119
36, 798

41, 333
52, 985
39, 696

9, 185
38, 529
41,976

21, 007
38, 984
50, 693

-60.3
-20.9
-27.8

+66.4
+14.0
-14.2

494, 499
496, 469
482, 181

523, 591
506, 331
456, 725

+5.9
+2.0
-5.3

9,254
4,884

12, 381
10, 108

2,314
5,957

5,831
4,736

-55.6
-31.8

+78.0
+13.1

124, 067
136, 817

136, 065
109, 716

+9.7
-19.8

28, 500
21, 622

21, 293
20, 373

12, 159
17, 191

17, 964
15, 899

8 214, 873
s 193, 954

5 206, 168
« 182, 642

-4.1
-5.8

25, 175
39, 979

14, 430
32, 856

15, 713
26, 835

26, 923
26, 820

« 357, 590
s 288, 740

5 354, 563
5 281, 889

-0.8
-2.4

3,990
3, 889
14, 556

3,990
3,352
15, 176

4,256
3,818
15, 614

-8.1
+24.4
-4.0

-25.3
+13.8
+31.9

38, 091
33, 909

41, 719
37, 493

+9.5
+10.6

+15.1

-34.6

28, 785

33, 168

+15.2

-0.7
+1.8

-36.7
+36.5

29, 703

32, 855

+10.6

+8.0
-2.2

62, 538
51, 352

58, 240
51, 100

38, 491
55, 485
49, 856

15, 286
43, 908
36, 018

9,284
9,881

4,118
6, 735

3,273
3,066
20, 858

2,979
3,813
20, 024

1,842

2,121

3,345

3,243

2,902

2,378
3,930

2,361
4,000

2,997
2,695

3,731
2,931

3,017
2, 686 !

783, 401
226, 808
243, 417

788, 180
225, 087
249, 340

563, 759
174, 274
193, 997

653, 653
202, 489
222, 837

666, 825
214, 889
227, 743

+0.6
-0.8
+2.4

+20.6
+11.2
+11.9

619, 997
170, 786
193, 980

613, 814
168, 829
195, 297

455, 080
138, 168
159, 771

516, 247
157, 123
173, 532

524, 142
165, 871
180, 474

-1.0
-1.1

+18.9
+7.5

188, 400
67, 143
55, 712
206

207, 561
72, 354
61, 572
216

123, 845
41, 546
39, 738
157

158, 179
54, 135
54, 927
183

167, 924
60, 677
53, 004
182

+10.2
+7.8
+10.5
+4.9

+31.2
+33.7
+12.1
+18.0

2, 509, 998 2, 304, 835 2, 153, 206
157, 877
176, 055
160, 298

-12.2
-12.6

+8.1 26, 882, 851 29, 041, 994
-15.4 1, 778, 391 3,738,874

2, 839, 217 2, 492, 168
170, 376
148, 858
20, 978
104, 922

17, 956
94, 817

40.54
30.35

41.67
30.59

41.69
30.34

18, 643
104,906

17, 525
91, 546

8,987
101, 666

-14.4
-9.5

+2.5
+3.6

42.19
29.79

42.59
30.21

42.63
30.96

+2.8
+0.8

-2.2
+1.3

151, 652

179, 490

+18. 4

m
m
m
m
m

9,292
10, 704
22, 750
9,766
9,980

10, 720
9,439
23, 728
7,916
8,219

9,084
•7, 445
25, 072
6,340
7,829

7,707
7,761
23, 073
6,864
8,124

7,946
7,284
22, 931
8, 366
8,859

10,034
6,935
25, 992
10, 652
12, 735

-15.3
-21.0
+5,7
-19.9
-4.7

+14.3
+2.2
+9.3
-24.2
-11.6

93, 198
87, 449

95, 939
94, 276

+2.9
+7.8

86, 363

91, 568

+6.0

m
m
m
m
m._

45, 922
45, 630
38, 372
39, 968
52, 729

49, 498
49, 686
39, 921
40, 094
44, 793

41, 947
39, 276
43, 204
41, 594
50, 565

42, 253
42, 497
41, 105
34, 657
36,005

37, 064
35, 721
41, 795
46, 103
47, 883

36, 975
34, 642
43, 823
39, 887
53, 295

-15.3
21 0
+8.2
+3.7
+12.9

+ 3.2
+10.0
+3.4
-9.8
+5.6

38 ,138
389, 025

475, 793
472, 084

+24.8
+21.4

390, 914

461, 922

+18.2

s Ten months' cumulatives, Jan. 1 to Oct. 31, 1925, inclusive.

37

TREND OF BUSINESS MOVEMENTS—Continued
1935

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, SeptemOctober
ber
"Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per

cent
in-

crease
Novem- NovemNovember

December

October

Novem- December

ber

ber,
1925,

ber,
1925,

ber,
1925

ber,
1924

from
from
Octo- Novem-

or de-

crease
1924

1935

1925

from
1924

BUILDING CONSTRUCTION AND
HOUSING— Continued
Wooden Furniture
Piano benches and stools:
New orders
Unfilled orders
ShipmentsValue.
Quantity

dollars
dollars..

121, 048
40, 648

131, 920 i
44, 440

114, 552
42, 272

120, 088
40, 120

109, 096
39, 528

101, 968

20,456

-13.2
-4.9

+5.0
+6.9

958, 420

970, 852

+1.3

dollars..
pieces..

105, 800
17, 789

115,024

109, 608

20, 963

19,474

123, 008
19, 751

116, 728
18, 356

119, 640
19, 167

-4.7
-7.1

-6.1
+6.1

957, 130
148, 465

907, 456
147, 647

-5.2
-0.6

30, 072
78
29, 773
104, 286
31, 925

28, 935
74

26, 294
91

23, 000
75

272, 434

312, 214

+14.6

242, 280

244, 562

+0.9

261, 479
14, 358

+6.0

45,840

246, 588
11, 304

51, 161

85, 283
11, 235
176
44, 059

-18.4
-18.9
-37.3
+2.4
-6.7
-88.8
-1.0

-12.8
-32.6
21 7

16, 535
924
59, 496

27, 078
89
22, 833
73, 846
10, 839
1,620

63, 702

23, 611
60
17, 869
101, 915
17, 746
364
50, 669

+27.0

338, 857
104, 066
171, 830
252, 511
115
12
14.75

306, 588
86, 164
172, 542
262, 534
117
18
14.75

279, 188
64, 090
144, 127
239, 636
94
21
14.75

312, 061
44, 543
135, 806
186, 977
111
18
14.00

319, 585
49, 596
126, 945
179, 225
93
24
13.50

354, 477
51, 162
118, 759
202, 906
117
48
13.50

-8.9
-25.6
-16.5
-8.7
-15.3
+16.7
0.0

1, 429, 524

1, 764, 494

+23.4

5,092

5,313

4,404
4,047

3,882
3,289

3,810

1,170
7,910

8,964

8 43, 126
s 37, 820
5 12, 648

5 43, 479
s 43, 647
3
15, 710

+0.8
+15.4

1,134

Brick
j
Paving brick:
ProductionActual
.
thousands . _
Relation to capacity
per cent
Shipmp/nts
thniisarids
Stocks, end of month
thousands
Orders received
thousands..
Cancellations.
thousands
Unfilled orders end of month ._ .thousands ._
•Common brick:
Stocks, end of monthBurned _
thousands
Unburned
thousands _
Shipments
thousands
Unfilled orders .. •
thousands
Firms reporting
number. .
Plants closed down ..
number
Price, red, New York
dolls, per thous..

28,482

99, 567
19, 021

3,262

2,362

29,142
73,604

14.75

9,207

+38.0
+63.7

-77.5
+10.5
-12.6

+29.2
+13.5

+33.7

+1.1
-12.5
+9.3

Floor and Wall Tile
Production
Shipments, quantity
Shipments, value
Stocks, end of month..

thous. of sq. ft
thous. of sq. ft
.thous. of dolls.
..thous. of sq. ft .

5,178
1,892
6,617

5,470
2,027
6,542

18, 550
2,156

12, 341
1,607

13, 864
1,696

9,526
954

10, 374
1,106

9,861
1,022

+12.3
+5.5

+33.6
+53.3

133, 380
14, 434

153, 282
18, 434

+14.9

thous. of bbls
thous. of bbls
thous. of bbls_.

15, 939
17, 711
10, 247

15, 992
15, 309
10, 979

13, 639
10, 169

14, 820
17, 160

13, 141
10, 289

10,435
5,506

-14.7
-33.6
+31.6

+3.8
-1.2
+61.9

138, 424
140, 241

150, 472
3 49, 789

13, 913

+8.7
+6.8

dolls, per bbl_.
dolls, per bbl_.

1.75
1.75

1.70
1.75

1.65
1.75

9,730
4,087

6,135
3,711

3,488
1,718

3,211

291, 549
12, 186

292, 662
12, 188

343, 997
11, 935

333, 121
15, 538

3,227

2,416

3,363

2,556

19,043
3,488

20J-445

17, 327
1,946

17, 179

127, 355
85, 555
110, 396

86, 615
110, Oil
* 93, 685

88, 980
i 78, 578

1,462
7,821

3,042

+24.2

Architectural Terra Cotta
Bookings:
Quantity.
Value

..net tons _
thous of dolls

+27.7

Portland Cement
Production .
.
Shipments
•Stocks, end of month
Prices:
Chicago district
Lehigh Valley

6,073

14,450

1.65
1.75

8,928

1.75
1.75

1.75
1.75

1.68
1.75

-2.9
0.0

-5.7
0.0

6,806

3,000

6,958

-43.1
-53.7

+16.3
-9.1

53,446

85, 184

98, 924
61, 447

+16. 1
+15.0

+17.5 +10.5
-2.1 -17.1

3, 204, 197
162, 362

3, 113, 546
135, 266

-2.8
-16.7

Highways
'Concrete paving contracts awarded:
Total
thous. of sq. yds..
Roads
__ .thous. of sq. yds
Tederal-aid highways under construction, end
of month:
Estimated cost
thous. of dolls
Distance
miles

1,891

311, 178
14, 390

4,661

285, 460
13, 287

Roofing
Preparing roofing:
Shipments
thous. of roof squares. .
Dry roofing felt:
Production
... __
tons
Stocks, end of month
tons..

3,176

3,473

23, 272
3,231

23, 946

1,768

2,257

5 26, 794

5 23, 773

-11.3

-20.5

+9.9

191, 694

227, 191

+18.5

-32.0

+14.8

+36.5 +79.2

Sanitary Ware
Baths, enamel:
J
Orders shipped
..number
122, 564
Stocks, end of month
.number.. 84, 933
Orders received
number i 121, 827
Lavatories, enamel:
Orders shipped
_
number
139, 858
Stocks, end of month
number. 205,012
Orders received
number. _ i 145, 226
-Sinks, enamel:
Orders shipped
number
140, 046
Stocks, end of month
number
239, 654
Orders received
number
i 145, 236
Miscellaneous, enamel:
Orders shipped.
number
56, 701
Stocks, end of month.. . _
number
151, 433
Orders received
number
* 57, 629
^Unfilled orders, end of month:
Baths
number.. 107, 316
Small ware
number.. 261, 737
1
Revised




75,075
73, 724
90, 012
104, 301
* 78, 297 i 110, 347

+28.6

161, 474
i 94, 583

85, 790
83, 861
171, 999
196, 324
i 83, 685 i 127, 240

-25.0
+10.0
-5.3

+29.1

106, 028
239,269 228, 659
i 130, 554 i 121, 985

114, 710
215, 939
i 99, 688

91, 625
99, 857
228, 438
251, 448
i 93, 556 l 132, 658

-27.4
-4.4
-6.6

57, 906
142, 542
i 54, 452

71, 508
158, 351
i 58, 291

50, 716
151, 675
i 50, 175

46,983

146,778

187, 812
i 65, 669

78, 325
206, 451

79, 444
206, 332

64, 876
174, 127

89, 402
254, 625

1

140, 669
105, 523
222,032
201, 847
1
124, 362 i 117, 750
145, 951

79,437 i

192, 610

45, 910
153, 960

93,878

105,497

+15.4

1, 073, 825

1, 232, 275

-15.1 +19.7

1, 074, 754

1, 292, 055

+20.2

+23.0

1, 239, 538

1, 419, 676

+14.5

+40.7

1, 148, 992

1, 465, 360

+27.5

+15.7
+0.1

1, 344, 720

1, 435, 268

+6.7

+30.4

1, 253, 167

1, 479, 556

+18.1

-20.7
+8.0
-14.1

-9.5
+1.5
-6.8

800, 917

703, 083

-12.2

722, 726

650, 717

-10.0

-1.4
+7.2

+18.6

+22.2

+20.7

'en months' cumulatives, Jan. 1 to Oct. 31, 1925, inclusive.

38

TREND OF BUSINESS MOVEMENTS—Continued.
PEE CENT INCREASE (+) OR
DECREASE (— )

1924

1925

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
October
pages 29 to 151 of the August, 1925, September
"Survey"

November

December

Novem November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

October

November

30, 525
70, 454

27, 867
65, 664

32,316
59, 300

+12.6 +29.5
+52.1 +12.5

196, 743
925, 330

234, 114
1, 071, 790

+19. 0
+15.8-

849
102, 371

842
78, 366

948
91, 371

+6.5
-25.5

10, 324
979, 224

6,955
1, 020, 962

-32. a
+4. a

-8.4 +36.1 2, 833, 310 3, 475, 234
+7.1 +45.1 14, 691, 495 22, 796, 727

+22.7
+55. 2

1924

1925

CHEMICALS AND OILS
Imports:
19, 646
17, 455
Potash
_
long tons _ 29, 451
73, 892
Nitrate of soda
long tons
48, 587
56, 764
Exports:
383
408
Sulphuric acid
thous. of lbs_.
478
87, 568
65, 260
Total fertilizer 1
long tons
110, 558
Dyes and dyestuffs —
306, 067
Vegetable
Ibs
235, 796
333, 986
Coal-tar
Ibs 2, 511, 898 1, 717, 766 1, 840, 426
Price index numbers:
191
195
Crude drugs
index number
196
215
191
Essential oils .
index number
179
157
158
Drugs and pharmaceuticals.index number..
158
113
113
Chemicals
index number
113
156
158
Oils and fats
index number
156
Price, sulphuric acid 66°
.70
.70
N. Y
dolls, per 100 Ibs
.70

224, 963
355, 104
340, 294
1, 079, 935 1, 267, 978 1, 021, 596

-51.5
-16.7

-2.1 -14.0
+12.6 +45.3
0.0
-0.6
0.0 +0.9
-1.3
+3.3

113
156

212
142
156
110
147

222
148
157
112
151

231
153
155
112
158

.70

.70

.70

.70

0.0

10, 327
11, 698
11,890
3,512
3.00

10, 317
9,026
13, 499
980
3.00

+1.0
-1.7
-5.7

3.13

9,803
12, 047
15, 259
1,367
3.00

539, 333
562, 828
526, 192
621,412
627, 586
596, 706
1, 551, 678 1, 372, 786 1, 315, 166

+2.0
-6.9
-7.4
-12.3
-10.6
-19.5
-45.6
0.0

0.0

Wood Chemicals
Acetate of lime:
Production
thous. of Ibs
11, 114
Shipments or use
thous. of Ibs.. i 12, 335
Stocks, end of month
thous. of Ibs
U5,084
Exports
thous. of Ibs
1,340
Price, wholesale
dolls per cwt
2.75
Methanol, crude: *
Production
gallons 1534,412
Shipments or use
_
gallons.. i 605, 098
Stocks, producers', end of month.. gallons.. 11,413,625
Purchased by refiners *
gallons. _ 454, 391
619, 182
Consumed by refiners *
gallons
Stocks at refineries, end of month e.gallons.. 1, 362, 188
Exports
_
.gallons.. 15, 320
Wholesale price, N. Y
..dolls, per gal...
.58
Canada—
Consumed
.gallons.. 22, 188
Stocks, end of month
gallons.. 19, 889
Methanol, refined: «
United States509, 195
Produced
gallons
Stocks, end of month, at
refineries
gallons
526, 176
Canada21, 185
Produced
gallons
40, 129
Stocks, end of month
gallons
Wood at chemical plants:
59, 144
Consumption (carbonized)
cords
Stocks end of month
cords i 495, 043
Daily capacity, wood-chemical plants:
4, 639
Total in industry
cords
Reporting
cords
3,668
507
Shut down
_
cords..

i 11, 094
i 12, 224
i 13, 587
426
2.75

11, 202
12, 012
12, 806
4,571
3.00

i 555, 629
566, 726
685, 808
i 736, 592
11,237,299 1, 146, 303
597, 836
681, 985
809, 507
905, 952
1, 064, 365
856, 751
19, 558
10, 643
.58
.58

.58

+8.5
+2.7
+7.7
+30.2
+9.1
0.0

108,887
108,807

124, 880
123,533

+14. 7
+13. 5

22, 126

19, 069

-13.8

+0.7
+9.3
-16.5

6, 371, 397
6,501,661

6, 348, 487
6, 582, 370

-0.4
+1.2

-74.8
-14.7

605, 327

+9.3
-17.5

683, 344

668, 795

-2.1

s 126, 480
« 95, 943

5
153, 399
« 137, 477

+21. a

-4.3 -6.9
-1.4
-0.9
-4.3 -4.1
-8.3 -18.5

373, 673
380, 665
362, 138

377, 921
380, 681
365, 027

+1.1
0.0
+0.8.

-27.8
-12.5

284, 344

271, 714

-4.4

988, 327

990, 273

+0.2

39, 555
758, 207

59, 106
594, 437

+49.4
-21. &

211, 400
212, 596
+1.3 +54.0
209, 875
207, 750
-2.5 +45.9
« Ten months' cumulatives, Jan. 1 to Oct. 31, 1925, inclusive.
• See tables on p. 22 of the November, 1925, issue for earlier data.

+0.6-1.0

50, 901
.69

42, 218
.68

35, 310
.68

40, 895
33, 186

+235. 2
-9.3

671, 808

655, 541

-2.4

515, 917

495, 492

-4.0

11, 500
32, 443

39, 200
40, 846

+240. 9
+25.9

i 58, 493
i 476, 386

60, 129
444, 716

57,624
633, 428

55, Oil
538, 798

55, 585
527,802

4,639
3,668
i 733

4,639
3,668
721

4,819
3,784
709

4,819
3,712
581

4,819
3,712
275

15, 962
14, 515
2,881

16, 452
16, 211
1,975

17, 930
19,423
1,350

12,200
36, 606

+2.8
-6.6

335,093

-44. 6

0.0 -3.7
0.0 -1.2
-1.6 +24.1

Ethyl Alcohol
Production
...thous. of gals..
Wthdrawn for denaturation
thous. of gals..
Warehouse stocks, end of month, thous. of gals..

19, 859
18, 021
8,913

21, 541
21, 624
7,411

35, 844
35, 454
33, 020
17,335

33, 049
33, 414
32, 594
16, 309

31, 638
33, 127
31, 181
14,958

41, 030
39, 236
36, 554
18, 194

33,973
33, 591
32, 513
18, 355

31, 208
31, 411
30, 569
18, 181

34, 013
48, 149

26,367
48, 404

18, 001
45, 046

26, 858
41, 587

24, 924
51, 489

26, 189
61, 379

+43. a

Explosives
(Black powder, permissibles, and other high
explosives)
Production
Shipments
Sales
Stocks

thous. of Ibs
thous. of Ibs
thous. of Ibs
thous of Ibs
Naval Stores

Turpentine:
Net receipts southern ports
barrels
Stocks, ports end of month
barrels..
Price, southern, in barrels,*
New York
dolls per gal
Rosin:
Net receipts, southern ports
barrels..
Stocks, ports end of month
barrels..
Price, common to good (B),«
New York
dolls per bbl

1.121

1.128

1.116

115, 023
181, 940

100, 264
181, 613

77, 491
196, 939

14.19

15.88

15.94

1.017

14.07

.880

.851

.837

92, 962
228, 614

105, 007
228, 673

119,216
256, 482

7.16

7.60

7.60

2,669
40, 924

9,770
55, 582

9,853
53, 486

-31.7
-6.9

-1.1 +31.1
-22.7
+8.4

-26.2
-13.9

+0.4 + 109.7

Fats and Oils
Total vegetable oils:
8,183
9,635
3,923
Exports
thous. of Ibs
52, 179
59, 534
32, 057
Imports
thous. of Ibs
Oleomargarine:
25,947
26, 275
Production
thous. of Ibs
19, 328
24, 974
25, 612
Consumption
.
..thous. of Ibs. _ 20, 057
i Revised.
s See table on p. 17 of the October, 1925, issue for earlier data.




20, 054
19, 217

17, 062
17, 115

20, 135
19, 997

+ 17.7
+14.1

-1.4
+7.1

39
TREND OF BUSINESS MOVEMENTS—Continued

1935

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, SeptemOctober
ber
"Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1924

November

December

October

November

Novem- November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1925
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1924

1925

Per
cent
increase
( )
or tdecrease
(-)
1925
from
1924

CHEMICALS AND OILS-Continued
Cottonseed
Cottonseed stocks, end of month
tons_. 776, 017 1, 270, 770 1,364,147
Cottonseed oil:
Stocks, end of month
thous. of lbs._ 55, 972
91,976
111, 333
Production
thous. of lbs__ 142, 939 232, 566 233, 637
Price, yellow, prime,
New York
dolls, per lb_.
.107
.099
.101

873, 368 11,190,920 1, 223, 863
83, 497 i 106, 426
213, 659 i 224, 996

+7.3 +14.5

105, 520
209, 471

+21.0
+0.5

+4.6
+3.8

+2.0

-8.2

.106

.113

.110

.114

1,378
781
2,391

10, 242
6,097
2,455

8,474
6,792
2,096

2,018
1, 565
1,545

941, 568 1, 285, 800

+36.6

Flaxseed
Minneapolis and Duluth:
Receipts..
. thous. of bushs
Shipments
thous. of bushs
Stocks
thous. of bushs..
Linseed oil: Shipments from
Minneapolis
thous. of Ibs
Linseed-oil cake: Shipments from
Minneapolis
thous. of Ibs .

5, 593
1,965
2,453

5,515
2,593
3,302

3,522
3,554
2,488

-36.1 -58.4
+37.1 -47.7
-24.7 +18.7

25, 510
16, 693

21, 953
11, 177

-13.9
-33.0

13, 840

17, 769

14,676

11, 848

18, 564

17, 947

16, 825

-17.4

-18.2

114, 674

150, 599

+31.3

24,916

33,958

35, 190

32, 563

29, 281

29, 572

31, 274

-3.6

+19.0

177, 161

258, 833

+46.1

415, 697
281, 575
697, 272

415, 697
281, 575
697, 272

398, 486
270, 879
669, 365

49, 651
76, 239
36, 045
24, 508

49, 774
103, 584
34, 127
22, 324

55, 024
119, 077
34, 897
22,448

454, 237
326, 040

325, 023
232, 739

-28.4
-28.6

4,354
8,910

4,696
8,621

-83.1
-75.4

148, 512
214, 282

88, 706
131, 309

-40.3
-38.7

41, 896

34, 840

16 8 +29.1

184, 783

165, 337

-10.5

1.549
1.635

1.612
1.711

Wheat, ground
thous. of bushs.. 45, 952 i 49, 799
Production, wheat flour. _
.thous. of bbls..
9,938
i 10, 728
Production, grain offal
i
.thous. of lbs__ 833, 270 1907,390
Per cent of capacity operated
per cent..
62
61

FOODSTUFFS
Wheat
Production, monthly estimate: 6
Winter
thous. of bushs.. 415, 697
Spring.
thous. of bushs.. 283, 872
Total
thous. of bushs.. 699, 569
Visible supply:
United States
.thous. of bushs.. 54, 543
Canada.
thous. of bushs. _ 58, 366
Eeceipts, principal markets. __ thous. of bushs.. 57, 862
Shipments, prin. markets
thous. of bushs.. 28, 151
Exports:
United StatesWheat only.
thous. of bushs
9, 391
Including wheat flour.thous. of bushs. _
12, 092
CanadaWheat only
thous. of bushs
15, 876
Prices:
No. 1, northern, Chicago ..dolls per bush..
1.555
No. 2, red winter, Chicago. dolls, per bush..
1.667

589, 632
272, 995
862, 627

-32.4
-0.8
-22.4

+0.2 -52.8
+35.9 +35.0
-5.3 -43.6
-8.9
-55.5

96, 528
52, 099
88, 022
72, 066

105, 533
76, 740
60, 503
50, 151

96, 114
79, 221
36, 293
32, 651

45, 128
53, 538

27, 831
35, 102

17, 791
24, 326

14, 288

26, 982

29, 847

1.486
1.528

1.529
1.574

1.687
1.769

+4.1
+4.6

+5.4
+8.7

42,322
9,108
766, 392
57

51, 863
11,371
977, 381
65

41, 982
9,187
719, 164
59

40, 428
8,855
695, 925
53

-15.0
-15.1
-15.5
-6.5

+0.8
-0.9
+6.6
-3.4

454, 892
98, 457
8, 121, 959

436, 285
94, 822
7, 668, 642

-4.1
-3.7

-5.&
2.5

1.768
1.796

+7.9
-3.2

Wheat Flour
(Bureau of the Census)

-5. a

(Russell's Commercial news)
Production
thous. of bbls. _
Consumption
thous. of bbls..
Stocks, all positions, end mo.. .thous. of bbls..
Exports (Department of Commerce):
United States
thous. of bbls..
Canada
_ .thous. of bbls. _
Wholesale prices (Dept. Labor):
Flour standard patents,
Minneapolis
_
dolls, perbbl..
Flour, winter straights,
Kansas City
dolls, perbbl..

12, 501
10, 701
8,400

13,165
12, 655
7,900

10, 869
10, 101
7,800

13, 404
11, 107
9,100

11, 665
11, 468
7,700

11, 007
10, 555
6,700

-17.4
-20.2
-1.3

-6.8
-11.1
+1.3

121, 556
106, 068

114, 413
103, 396

800
661

1, 012
1,022

872
1,210

1,872
1,145

1,616
905

1,452
828

-13.8
+18.4

46.0
+33.7

14, 576
10, 648

10,112
9,275

-30.6

8.310

8.263

8.538

9.180

8.013

8.163

8.895

+3.3

+4.6

7.431

7.410

7.613

7.888

6.669

6.870

7.788

+2.7

+10.8

7,143
1,062

10, 181
1,197

9,499
1,257

9,558
1,097

7,644
1,218

6,473
1,134

-6.7 +24.3
+5.0 +3.2

82, 540
11,498

75, 465
9,070

-8.6
-21.1

1,601
15, 043
2,451
12, 592

2,308
17, 782
5,279
12, 503

2,127
17, 704
3,790
13, 914

2,143
15, 945
2,568
13, 377

1, 708
16, 199
3,703
12, 496

1,440
14, 467
2,842
11, 625

-7.8 +24.5
-0.6 +9.3
-0.4
+2.3
+11.3 +11.3

18,491
169, 870
46, 910
122, 960

16, 826
116, 923
25, 517
91, 406

-9. 0
-31. 2
-45. 6
-25.7

-6.3
+39.3
+43.3
-11.5
-7.7

+25.4
+29.8
-61.9
+21.2
+7.9
+19.6

19, 595

10, 040

-48. 8.

249, 195
159, 028
69, 825

194, 463
123, 002
63, 775

-22. a

+1.6

-25.6

-12.9-

Canadian Milling
Gringings:
Wheat
thous. of bushs..
Oats
thous. of bushs. .
Production:
Wheat
flour
thous. of bbls
Total oatmeal and rolled oats thous. of Ibs
Oatmeal
thous. of Ibs
Rolled oats
thous. of Ibs
Corn
Production, monthly est.6
thous. of bushs_. 2,885,108 2, 917, 836 3, 013, 390 2, 900, 581
2, 312, 745
Exports, including meal
thous. of bushs
1,240
932
1,292
729
1,210
571
5,912
Visible supply
thous. of bushs
8,072
2,209
19, 095
3,077
8,497
19, 693
Receipts, principal markets. ..thous. of bushs.. 12, 583
32, 180
12, 881
19, 511
15, 223
18, 456
28, 953
Shipments, prin. markets
thous. of bushs..
8,318
7,692
12, 131
7,126
8,693
9,365
11, 826
5,902
Grindings (starch, glucose)
thous. of bushs...
5,433
7,037
6,497
6,926
5,520
Prices, contract grades, No. 2,
Chicago
dolls, per bush..
.917
.797
.841
.828
1.130
1.105
1.233
i Revised.
«Total crop estimated in month indicated. Data for a year ago represents revised final estimate of the 1924 crop.




-22. 7
-8.7

40

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925,
*'Survey"

1925

September

October

PER CENT INCREASE (+) OR
DECREASE (— )

1924

November

December

October

November

39, 149
71, 157
2,735

18, 620
71, 997
1,366

.522

.524

Novem- Nfovember,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1925
1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1924

1935

244, 816

218, 567

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

FOODSTUFFS— Continued
Other Grains
Oats:
Production, monthly est. 6 thous. of bushs__ 1, 461, 945 1, 470, 384 1, 470, 384 1, 501, 909
Receipts, principal
15, 582
14, 094
29, 243
18, 918
markets
thous. of bushs
66, 762
69, 960
68, 739
69, 216
Visible
_ _ .thous. of bushs _.
4,744
6,279
2,443
Exports, including meal thous. of bushs
Prices, contract grades,
.422
.402
.398
.403
Chicago
dolls, per bush
Barley:
226, 786 226, 786 221, 713 218, 002
Production, monthly est.^ thous. of bushs
Receipts, principal
4,791
14, 993
6,445
markets
thous. of bushs
7,257
5,642
6,422
6,036
Visible supply
thous. of bushs
9,103
3, 043
2,493
Exports
thous. of bushs
Price fair to good, malting,
.716
.751
.715
.743
Chicago
dolls, per bush
Rye:
48, 696
51, 768
51, 968
51, 768
Production, monthly est.6 thous. of bushs..
Receipts, principal ,
3,304
6,639
2,598
markets
thous. of bushs _
1,054
127
62
Exports, including flour.__ thous. of bushs..
1.038
.883
.838
.857
Price, No. 2, Chicago
dolls, per bush _

— 1.4

1, 522, 665
19, 738
* 76, 343
1,171

-25.5
-0.7
—48.5

.598

+0.2

7,258
5,484
2,710

.908

.864

7,159

-10.7

34, 837 +386. 6

-23.1

+22.3

178, 322
12, 296
5,209
5,315

-24.3
-4.5
+78.5

5,405
5,484
1,744

-25.7
+13.8
-18. 1

-34.0
+17.2
-8.0

.935

-3.8

-17.2

57, 078

61, 835

+8.3

15, 978

27, 619

+72.9

-24.0

64, 038
17, 708
10, 927
1.275

8,932
1,323
1.312

3,802
856
1.404

-21.4
-51.2
+2.3

-70.9
-95.3
-34.7

61, 165
36, 124

27, 622
28,804

-54.8
-20.3

73, 243

41,433

28, 668

-18.1

-64.2

293, 137

234, 468

-20.0

33, 249
972, 700 +22.2

+2.1
-40.6

7, 516, 404

4, 247, 267

-43.5

-0.9
-7.3

-35.8
-49.1

7, 362, 637
1, 726, 206

5, 692, 171
1, 403, 118

-22.7
-18.7

+45.1 -51.9
+27.0 +58.8
+47.5 -80.7

353,292
1, 272, 018

608, 510
584, 865

+72.2
54 0

Total Grains
Total grain exports, incl. flour. thous. of bushs. _

30, 668

14, 829

18, 116

Bice
Production, monthly est.4
Southern paddy receipts at
Shipments:
Total from mills
New Orleans
Stocks end of month,
mills and dealers
Imports
Exports

thous. of bushs..
mills
bbls

35,284
853, 380

35, 810
35, 810
925, 254 1, 130, 866

pockets (100 Ibs.)
pockets (100 Ibs.)

619, 078
135, 778

842, 366
186, 218

pockets (100 Ibs.)
pockets (100 Ibs.)
pockets (100 Ibs )

632, 444
24,409
13, 293

751, 680 1, 090, 571
18, 568
23, 586
28, 248
41, 666

Other Crops
Apples:
Cold-storage holdings
(end of month)
thous of bbls
Car-lot shipments
_ _ _ _ _ _ carloads. _
Potatoes, car-lot shipments
carloads..
Onions, car-lot shipments _ . __ __ carloads. _
Citrus fruits, car-lot suipments
carloads
Hay, receipts
_ _ ._ tons _

834,604
172, 564

1,422
19, 103
22, 763
3,994
2,379
79, 516

7,489
41, 324
32, 545
5,157
2,639
76, 687

9,398
19, 478
15, 980
2,968
9,229
84,068

2,157
938
422
1,227

2,789
1,348
697
1,450

473, 961
469, 523
9,520

569, 094
556, 161
8,634

40, 719

47, 481

12.44
.185
.173

11.91
.185
.160

33, 959

2, 182, 793 1, 905, 168

1, 303, 227 1, 300, 775
204, 210
300, 075 339, 350

933, 878
151, 143

1, 567, 621 2, 265, 121 2, 346, 514
11, 918
27, 444
14, 855
89, 679 216, 418 275, 318

8,502
7,244
11, 125
1,554
9,350

6,673 +25.5
6,068 -52.9
12, 75? -50.9
1,869 -42. 4
11, 187 +249. 7
+9.6
74, 303

+21.4
+2.3
-20.9
+ 3.2
- 18.4
+3.8

102, 040
229, 380
28, 151
91, 551
8 85, 770

-18.2
-24.6
-32.3
-15.0

-3.4
-7.2
-14.0
-2.8

21, 613
8,877
3,658
12, 584

22, 012
8,603
3,459
13, 214

+1.8
-3.1
-5.4
+5.0

441, 160
389, 108
9,329

-20.7
-24.8
-9.3

-2.5
+0.6
-45.7

4, 810, 840
4, 675, 589
150, 106

4, 954, 647
4, 906, 827
114, 641

+3.0
+4.9
-23.2

48, 809
17, 933
460
30, 853

39, 549
14,648
495
24, 889

-19.0
-18.3
+7.6
-19.3

7, 737, 354 6, S^o, 055
6, 421, 743 6, 017, 206
1, 574, 856 1, 109, 641

-15.0
-6.3
-29.5

1, 737, 594
867, 210

-23.8
-28.7

5,758
35, 937
32, 524
4, 545
4,185
95, 037

7,743
19, 045
20, 191
2,876
11, 307
81, 001

2,282
1,017
472
1,232

2,737
1,339
751
1,432

2,363
1,096
549
1,267

2,083
816
309
1,265

451, 396
418, 176
7,831

551, 766
515, 746
16, 763

463, 064
415, 825
14, 417

103, 184
+1.1
223, 893
-2.4
27, 887 -0.9
78,236 -14.5
785, 790 -11.3

Cattle and Calves
Cattle movement, primary markets:
Receipts
_
thousands _.
Shipments total
thousands
Shipments stocker and feeder thousands
Local slaughter
thousands
Beef products:
Inspected slaughter product thous of Ibs
Apparent consumption
thous. of Ibs
Exports
thous of Ibs
Cold-storage hofdings,
end of month
thous. of Ibs
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 Ibs
Beef fresh native steers
dolls- per Ib
Beef, steer rounds, No. 2
dolls, per lb__

1

73, 564

84, 725

67, 244

100, 239

142, 964

+54.9

-26.6

10.58
.178
.143

10.04
.170
.131

9.50
.172
.136

9.16
.183
.129

9.55
.183
.125

—11.2
-3.8
-10.6

+15.5
-2.7
+10.9

3,990
1,469
56
2,525

4,904
1,760
40
3,132

6,604
2,271
38
4,335

+13.4
+15.2
+35.6
+10.5

-21.6
-13.4
+52. 5
-26.6

560, 043
637, 521
132, 686

668, 552
550, 235
91, 730

912, 990
544, 263
120, 607

+40
-11.7
-6.0

-9,3
-2.1
-16.7

439, 437

463,V233 i 708, 413

-2.6

-9.6

407, 731

427, 520

647, 364

-1.9

-9.9

106, 781
60, 813

130, 184
49, 120

192, 596
76, 803

+1.8
-10. 7

-18.4
-18.6

31, 706

35, 713

61, 049

-9.5

-5.6

Hogs and Pork
Hog movements, primary markets:
2,741
3,390
3,844
Receipts
- thousands.
1,092
1,524
1,323
Shipments, total
thousands
33
45
61
Shipments, stocker and feeder. thousands. .
1,645
2,300
2,081
Local slaughter
thousands
Pork products, total:
Inspected slaughter product, .thous. of Ibs. _ 465, 179 583, 564 606, 705
Apparent consumption..
thous. of lbs_. 521, 474 609, 667 538, 597
81, 321
76, 418
Exports
thous. of lbs__ 100, 152
Cold-storage holdings, total,
539, 069 1 429, 861 1 418, 737 515, 292
end of month
thous. of Ibs
Fresh and cured in storage,
467, 443 1 392, 605 1 385, 027 472, 337
end of month
thous. of Ibs
Lard (included in pork products) :
Production
_ .. __ __ thous. oflbs.. 84, 972 104, 288 106, 206 147, 307
39, 979
60, 646
44, 745
Exports
thous. of Ibs
Cold-storage holdings,
33, 710
42, 955
71, 626
37, 256
end of month
thous. of Ibs
Prices:
10.88
12.88
11.69
11.32
Hogs, heavy, Chicago.. .dolls, per 100lbs_.
.280
.292
.282
.283
Hams, smoked, Chicago
dolls, per lb_.
.150
.178
.164
.162
Lard. Drime contract. N. Y. dolls. Per lb._
1
« Total crop estimated in month indicated. Data
Revised.




9.58
10.78
.205
.216
.153
.165
for a year ago represent

9.96
.207
.169
revised

1, 322, 725
617, 969

-3.2 +18.2
-0.4 +37.6
-1.2 +5.9
final estimate of the 1924 crop.

i
1

41

TREND OF BUSINESS MOVEMENTS—Continued
1925

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August , 1925, SeptemOctober
ber
"Survey"

PER CENT INCREASE (-{-) OR
DECREASE (— )

1934

November

December

October

November

Novem- November,
ber,
1925,
1925,
Decem- from
from
ber
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMPER 30

1924

1925

Per
cent
increase
( }
or-tdecrease

&

from
1924

FOODSTUFFS— Continued
Sheep and Lambs
Sheep movement, primary markets:
Receipts thousands
Shipments, total
thousands-Shipments, stocker and feeder thousands
Local slaughter
thousands
Lamb and mutton:
Inspected slaughter product.thous. of lbs_Apparent consumption
thous. of lbs_Cold-storage holdings,
end of month. _ _. .
thous oflbs
Prices:
Sheep, ewes, Chicago. ..dolls, per 100 lbs._
Sheep, lambs, Chicago .dolls, per 100 Ibs

2,627
1,613
839
981

3,198
2,287
1,338
945

1,712
927
460
793

3,295
2,267
1,441
1,020

1,879
1,154
676
540

1,605
750
206
854

-46.5
-59.5
-65.6
—16.1

-8.9
-19.7
-32.0

+46.9

20,596
11, 043
4,474
9,310

20,492
10, 844
4,020
9,560

+0.5
-1.8
-10.1
+2.7

41, 117
41, 584

41, 701
40, 537

34, 049
33,609

43, 566
42,847

35, 801
35, 600

32, 803
33, 106

-18.3
-17.1

-4.9
-5.6

417, 676
428,028

428,008
416, 985

+2.5
-2.6

1,112

1,435

1,549

1,825

3,166

3,326

2,949

+17.8

-45.1

6.19
15.09

6.41
14.81

6.79
15.25

8.06
15.94

5.81
13.44

6.33
13.34

7.58
15.98

+5.9
+3.0

+7.3
+14.3

1, 155, 375 1, 167, 417 1, 386, 953
509, 84T
566, 798 i 854, 056
1, 196, 114 1, 001, 660
966, 477

-8.6
+3.1
-15.3

-6.4 12, 965, 870 11, 957, 710
-12. 7
-1.1 11, 514, 317 12, 161, 749

+5.6

283, 817

252,412

-11.1

229,410

+19.7

Total Meats
Production, inspected slaughter, thous. oflbs
980,257 1, 194, 359 1, 092, 150
Cold-storage holdings, end mo._thous. of lbs_. 580, 900 478, 777 i 493, 850
Apparent consumption
-thous. oflbs 1, 032, 579 1, 169, 154 990, 382
Poultry
Receipts at five markets
Cold-storage holdings,
end of month

601, 842

thous. of lbs._

18, 804

27,507

62,272

68,385

27,263

61, 784

79, 368 +126.4

-0.8

thous. oflbs

44,345

53, 787

86, 733

111, 459

55, 139

87, 939

133,990

+61.3

-1.4

Total catch, prin. fishing ports.. thous. of Ibs. . 28,184
21, 186
Cold-storage holdings, 15th of mo .thous. of lbs_. 55, 447
58, 358
Canned salmon, shipments
cases. - 1,205,930 1, 370, 878
Dairy Products
Butter:
Receipts, 5 markets
thous. of lbs_. 45,005
43,468
Cold-storage holdings,
creamery, end of month
thous. of lbs__ 114, 172
94,916
Apparent consumption
thous. of lbs_. * 172, 328 163,609
Wholesale price, 5 markets... dolls, per lb__
.488
.514
Cheese:
Receipts, 5 markets
thous. of Ibs. . 20, 520
21,029
Cold-storage holdings,
American, end of month thous. of Ibs. _ 78, 582
71, 913
Wholesale price, 5 markets dolls, per Ib
.241
.252
Eggs:
Receipts, 5 markets
thous. of cases
930
709
Cold-storage holdings
thous. of cases..
8,612
6,322

15, 174
61, 822
503, 149

20,215
67, 025
1, 085, 539

14, 040
70, 406
687,168

12, 353
68,325
614, 164

-28.4
+5.9
-63.3

+8.1
-12.2
-26.8

5, 887, 264

-7.8

Fish
5, 936, 196

+0.8
-3.3

35, 455

36, 199

41,949

30, 161

33, 155

-18. 4

+17.6

554,322

535, 799

174,754
140, 254
.511

52,708

135, 018
161, 158
.385

100, 832
148, 757
.418

65, 694
156, 398
.440

-18.4
-14.3
-0.6

-25.9
-5.7

+22.2

1, 777, 704

1,759,621

200,131

207,841

+3.9

14,880

14,851

-0.2

60, 874

38, 503

-36.7

134, 276

99, 484

-25.9

40, 818

40, 765

-0.1

5,042

3,405

—32.5

176,462
«27,463

182, 234
29, 539

+3.3
+7.6

-1.0

17, 059

14,012

17,479

14, 883

14, 921

-18.9

+14.6

i 66, 495
.254

58, 548

67, 905
.197

58, 705
.202

49, 187
.221

-7.5
+0.8

+13.3

433
3, 786

625
1,677

747
5,267

456
3,102

524
1,050

-38.9
-40.2

-5.0
+21.9

18, 070
13,974

14,604
11, 802

11,830
9,161

-14.7 +103. 3
-29.5 -61.9

13, 282
6,330
6,265
5.85

10, 650
6,212
4,306
5.85

2,149
4,168
3,096
5.87

-15.1 +127. 0
-32.0 -64.9
-27.2 -23.0
+3.1
0.0

147, 596

133, 093

102, 337

-8.9

—1.4

112, 553
16, 335
3.89

100, 639
10, 818
3.92

40, 032
7,766
3.99

—4.1
19.4

+3.0
-57.0

3,496

2,969

4,087

319
11, 827

180
8,805

214
8,017

-8.4 +136. 1
-15.9 -33.8

319
9,367
1,262

180
6,029
1,260

206
5,259
487

-8.4 +136. 1
-23.6 -47.4
+87.1 -70.2

15, 506
2,550

14,926
2,403

14, 701
2,434

18, 038

17, 303

19, 757

214, 994

• 235, 065

+9.3

305

274

375

84,847

«4,384

-9.5

Milk
Condensed milk:
Manufacturers' total stocks—
Case goods..,.
thous. of lbs__ 42, 208
34, 792
29, 685
Bulk goods
___thous. oflbs..
7,340
16,370
4,493
Manufacturers' unsold stockCase goods .
thous of Ibs
33, 888
28,489
24, 180
Bulk goods
thous. of lbs_.
3,346
i 3, 210
2,182
Exports
thous. of Ibs
2,348
4,552
3,316
Wholesale price, New York*. dolls, per case5.88
6.03
6.03
Evaporated milk:
Manufacturers' total stocks,
case goods
thous. of lbs__ 157, 381 144,010 131, 199
Manufacturers' unsold stocksCase goods
_
thous. of lbs_- 121, 745 108, 185 103, 700
Exports
thous. of lbs_. 13,339
5,771
4,654
Wholesale price, New York*. dolls, per case_.
4.49
4,49
4.49
Powdered milk:
1
Sales, less resales
__thous. of lbs_.
3,636
3,482
Manufacturers' total stocks*—
Case goods
thous. of lbs._
527
465
426
Bulk goods
thous. of lbs._
8,289
16,931
5,832
Manufacturers' unsold stocks*—
Case goods
thous. of lbs._
527
465
426
Bulk goods
thous. of lbs_.
5,607
l 4, 169
3,186
Exports
thous. oflbs .
392
201
376
Fluid milk:
ReceiptsBoston (includ. cream)
thous. of qts_. 16, 305
16, 277
15, 649
Greater New York
.... thous. of cans
2,647
2,587
2,496
Production—
Minneapolis district (excluding
cream)
thous. of lbs_. 18, 322
19, 417
Minneapolis district
(cream)
thous, of Ibs..
290
290
i Revised.
« Ten months' cumulatives, Jan. 1 to Oct. 31, 1924, inclusive.
* See table on p. 21 of the December, 1925, issue for earlier data




191, 703

6.04

4.54

-3.9
-3.5

+25.7

+4.8
+3.9

i See p. 26 of the October, 1925, issue for earlier data.
*See p. 23 of the November, 1925, issue, for earlier data.
• See table on p. 22 of the December, 1925, issue for earlier data.

42
TREND OF BUSINESS MOVEMENTS—Continued.

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925,
"Survey"

1935

PER CENT INCREASE (+) OR
DECREASE ( — )

1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEM-

Novem- NovemSeptember

October

November

December

October

November

December

ber,
1925,

ber,
1925,

ber,
1925

ber,
1924

from
from
Octo- Novem-

1934

|
1

Sugar
Raw:
Imports
longtons.. 321, 620
Meltings, 8 ports
long tons
459, 875
Stocks at refineries
(end of month) _
_ _. long tons. _ 187, 739
Receipts, domestic, at New Orleans .long tons.. None.
Refined, exports
._
long tons. . 40, 624
Prices:
Wholesale, 96° centrifugal,
N. Y
dolls, per Ib .
.043
.054
Wholesale, granulated, N. Y._dolls. per lb_.
.062
Retail, granulated, N. Y
dolls, per lb_.
.127
Retail, average, 51 cities
index number. .
Cuban movement:
Receipts at Cuban ports
long tons.. 158, 009
Exports
long tons
371,200
Stocks, end of month
long tons.. . 594,378

Tea

iTnports

1925
from
192,4

1935

FOODSTUFFS— Continued

Coffee
Imports . . .
Visible supply:
World
_
United States
Receipts, total, Brazil
•Clearances:
Total, Brazil, for world
Total, Brazil, for U. S

Per
cent
increase
( }
or tdecrease

BER 30

3,541,116

3,768,685

4, 763, 766 <

+6.4
+8.4

41, 394

31, 838
328, 013

-23.6
+67.1

3, 889, 518
3, 875, 404

4,861,404
4, 614, 219

+25.0
+19.1

1, 302, 456

1, 154, 616

-11.4

13, 248

10, 624

-19.8

12, 964

12, 068

6,346

-6.9
-1.7

+2.9

83, 718

90, 778

+8.4

-0.5
+21.7

6,147
65, 566

6,027
73, 708

-2.0
+12.4

240, 100
385, 647

220, 184
262, 894

349, 139

242, 353
344, 404

155, 161
221, 836

134, 073
151, 541

94,511
835
2], 614

92, 709
25, 248
19, 131

120, 146
27, 583

66, 522
163

32, 172
14, 057
1,843

49, 393

5,388

.039
.050
.059
.124

.040
.051
.058
.120

.041
.053

.060
.073
.081
.160

.058
.073
.082
.160

.053
.072
.080
.160

125, 012

460, 709

88, 119
262, 855
292, 119

181, 448
327, 298
132, 148

85, 762
194, 683
145, 422

43, 574
148, 987
41, 460

101, 126
109, 020
23, 850

133, 497

116, 349

114, 113

+3.0

-1.0

5,734

5,388

-0.9

611
980

+35.3
-9.4

-11.1
-1.7
-8.4

-17.4
+11.5

+4.9
+13.5

281,210

thous. of Ibs. . 133, 463

111, 920

115, 225

thous. of bags. _
thous. of bags..
thous. of bags..

5,087
716
1,494

5,082

5,035

thous. of bags..
thous. of bags..

1, 434
705

1,536
680

1,269
758

thovis of Ibs

11, 993

13, 088

11, 067

583
1,262

789
1,144

5,080

37,812

863

880
1,187

772
1,536

5,661
803
1,249

1,195
731

1,730
827

1,210
668

923
530

11, 794

10,751

8,688

-8.3
-31.8

+41.9
+18.5

-1.9 +188. 2
+79.6
0)
-11.5
+3.8
+2.6
+2.0
-1.7
-3.2

195,711

-31.0
-30.1
-29.3
-25.0

-29.5 +102. 2
-6.5 +76.4
-36.6 +604.6

-15.4

4, 395, 708

6,459

TOBACCO
Consumption (tax-paid withdrawals) :
Large cigars
. millions. _
711
576
598
Small cigarettes
millions..
6,925
7,119
6,517
Manufactured tobacco
and snuff
thous. of Ibs
36, 154
38, 061
30,342
Exports:
Unmanufactured leaf.
.thous. of lbs_. 50, 694
52, 784
51, 141
Cigarettes
millions
488
336
500
Production (crop estimate) •
thous. of Ibs.. 1,247,011 1,228,972 1, 264, 226 1, 349, 660
Sales of loose-leaf, warehouses __ thous. of lbs__
98, 657
91, 682
112, 615
Price, wholesale, Burley good leaf,
dark red, Louisville
dolls, per 100 lbs__
25.00
25.00
25.00
25.00

635

601

6,488

5,356

5,442

511

-15.9
-5.9

38, 043

30, 210

28, 571

-29.3

+0.4

384, 104

381, 670

-0.6

56, 821
697

45, 722
839

44, 545
838
1, 242, 456
66, 854
71, 676

-3.1
+2.5

+11.9
-40.4
+8.6

531, 520

402, 023

7,203

-24.4
-26.2

412, 450

507, 809

+23.1

5 12, 427
6 5, 313

23,626

21, 343
8 10, 358
s 4, 913

-9.7
-16.6
-7.5

71, 359
6 20, 824

80, 037
5 22, 378

+12.2
+7.5

83, 090

+14.1

+68.4

24.50

24.50

24.50

0.0

+2.0

2,018
1,057
515

1,962
972
515

2,266

+0.7

+3.1

10, 328

6,619

2,228

1,679

-27.7
+2.3

+27.0

9,754

TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
1,892
Total cargo traffic
thous. of long tons.
In American vessels, thous. of long tons..
983
In British vessels
thous. of long tons
476
Canals—
Sault Ste. Marie__ thous. of short tons..
10, 904
Suez
thous of metric tons
2,087
Mississippi River—
Government-owned barges
tons. . 46, 070
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons
668, 392

2,009

2,023

11, 637
2,135

8,409

968
626

1,838

2,206

2,407

1,266
524
-3.2

67, 627

47, 000

57, 604

39, 603

54, 229

-30.5

+18.7

795, 274

844, 801

+6.2

739, 635

603, 125

714, 421

795, 527

564, 578

-18.5

-24.2

5, 717, 392

6, 220, 906

+8.9

6,239
2,450
3,789

6,572

5,671
2,451

6,803
2,922
3,881

5,699
2,633
3,066

4,885
2,073
2,812

-13.7
-18.1
-10. 1

-0.5
-6.9
+5.0

63, 938
27, 965
35, 973

64, 916
25, 944
38, 972

+1.5
-7.2
+8.3

26.2

27.7

27.5

28.1

28.1

26.8

-0.7

-2.1

21, 758
17, 191

17,516
12, 210

9,844
3,283

11,414
6,665

12, 650
8,651

15, 167
11, 690

—43. 8
-73.1

-22.2
-62.1

194, 919
119, 159

198, 041
123, 480

+1.6
+3.6

162

170

186

177

184

183

+9.4

+1.2

Ocean Traffic
Clearances, vessels in foreign trade:
Total..
thous. of net tons..
American.
thous. of net tons
Foreign
thous. of net tons..
Freight rates, liners, Atlantic ports to Europeindex no. (relative to January, 1920)
Vessel construction:
Completed during month—
Total .
gross tons
Steel seagoing
gross tons. _
Building or under contract, end of mo.—
Merchant vessels. _thou. of gross tons..

2,991
3, 581

3,220

13, 096

9,339

Freight Cars
Surplus (daily av. last week of month):
Box.
number..
58, 203
73, 547
58, 463
1 30, 486
49, 502
Coal . . .
. _
number
82, 819
49, 058
43, 658
42, 949
61, 370
1
Total
_
number. _ 140, 842 111,619 136, 796
183, 914
99, 190
i Revised.
6
Ten months' cumulatives, Jan. 1 to Oct. 31, 1925, inclusive.
6
Total crop estimated in month indicated. Data for a year ago represents revised final estimate of the 1924




|
117,434
108, 189
266, 252

crop.

+18.1
+1.7

+22.6

-20.5
-47.3
-25.6

43

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, September
"Survey"

1925

PER CENT INCREASE (+) OR
DECREASE (— )

1924

December

Novem- November,
ber,
1925,
1925,
Decemfrom
from
ber
Octo- November,
ber,
1924
1925

October

November

784
785
1,656

166
133
354

27
30
101

-32.0
-59.6
-87.9

-37.3
+50.4
+0.8

5,455
339
206
1,001
353
213
1,290
2,051

3,902
219
159
772
276
72
981
1,423

3,475
187
148
752
252
39
928
1,167

-26.0
-15.9
-34.0
-19.8
-24.7
-46.8
-23.5
—28.7

+4.9
-11.0
-11.9
+3.5
-4.0
+83.3
+5.5
+7.4

165, 818
7.2

190, 543
8.2

189, 140
8.2

1 90, 979
8.3

+0.2
+1.4

-12,3
-12.2

450, 493
86, 464
591, 313
410, 352
137, 700
44, 062

402, 411
81, 095
532,827
384, 514
106, 943
40, 786

439, 042
82, 886
572, 872
404, 038
127, 223
43, 134

1380,992
i 78, 791
1505,889
i 374, 410
193,396
138,067

362, 368
90, 845
505, 253
381, 415
86, 988
34, 998

-10.7
-6.2
-9.9
-6.3
-22.3
-7.4

+5.6
+2.9
+5.3
+2.7
+14. 5
+7.1

7,409
5,190
3,385

6,818
5,841
3,039

6,052
5,492
2,742

6,005
5,076
2,773

5,242
5,244
2,509

5,887
5,470
2,719

-11.2
-5.0
-9.8

+15.5
+4.7
+9.3

10, 643
16.5

10, 233
16.1

10, 725
16.9

11,095
17.2

11, 574
18.0

11, 266
17.5

+4.8
+5.0

-7.3
-6.1

64, 964
2,586
113
220
148

64, 882
2,587
181
263
99

64, 871
2,589
205
304
189

-0.4
-0.2
-25.3
+48. 1
-49.2

104
86

96
78

133
123

142
132

763
628

462
398

397
331

76
37

70
29

October

November

364
153
558

153
495
2,957

104
200
357

4, 297
210
131
731
279
230
1,046
1,670

5, 537
232
212
996
352
248
1,353
2,144

4,095
195
140
799
265
132
1,035
1,528

179, 571
7.7

165, 481
7.1

419,643
95, 705
565, 452
388, 096
134, 585
41, 322

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

1924

1925

45, 056
2,383
1,605
8,300
3,413
1,640
11, 592
16, 123

47, 479
2,096
1, £03
8,733
3,485
1,970
12, 195
17,497

+5.4
-12.0
-6.4
+5.2
+2.1
+20.1
+5.2
+8.5

3,986,819 4, 173, 560
963,916
985, 838
5,482,486 5, 662, 601
4,178,280 4, 193, 605
900,063 1, 041, 990
394, 618
418,393

+4.7
-2.2
+3.3
+0.4
+15.8
+6.0

66, 871
56, 140
31, 369

73, 517
57, 728
32, 657

+9.9
+2.8
+4.1

-1.6
-0.1
-38.1
+49.8
+2.0

1,951
1,844
1,228

1,604
2,626
809

-15.4
+42.4
-34.1

+24.1
-3.7

-26.3
-57.7

1,323
1,188

1,023
727

-22.7
-38.8

431
358

+10.3
+12.8

+38.0
+35.3

64
25

-3.0
-32.1

-54.3
+31.0

295

325

+10.2

—0 2
2, 342, 149 2,342,479 2, 337, 229
-4.9
207, 366 207, 535 207, 172
11, 705
6,763 -15.7
16, 598
11,918
+3.5
10, 504
10, 678
10, 240 +144. 7
12, 610
13, 870

-63*. 2
-6.8
-2.0

141, 156
104, 719
132, 551

121, 374
106, 409
64, 551

-14.0
+1.6
-51.3

70, 162
69, 318

70, 377
66,783

+0.3
-3.7

2, 323

1, 068

-54.0

935
882

734
692

-21.5
-21.5

5 1,529, 285 51,602,024
« 189, 150 s 193, 092

+4.8
+2.1

TRANSPORTATION-Continued
Freight Cars— Continued
Shortage (daily av. last week of month):
Box
_
number
Coal
number
Total
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 1. c. 1
_thous. of cars..
Miscellaneous
thous. of cars
Cars in bad order:
Total, end of month
cars
Ratio to total on line
per cent..
Railroad Operations
Revenue:
Freight
_
thous. of dolls
Passenger
thous. of dolls
Total operating
thous of dolls
Operating expenses
thous. of dolls
Net operating income
tbous of dolls
Freight carried..
mills, ton-miles
Pullman company operations:
Revenue
.
thous. of dolls
Expenses
thous of dolls
Passengers carried
thousands
Locomotives in bad order:
Total, end of month
number
Per cent of total in use
per cent

3,699
206
131
757
258
48
975
1,325

Equipment Installations
Locomotives (Am. Ry. Assn.):
Owned (end of month)
number
64, 142
64, 257
63,869
Tractive power
mills of Ibs
2,595
2,596
2,589
Installed during month
number
129
150
112
Retired during month _
number .
266
229
394
Ordered from manufacturers
number
86
199
101
Shipments by manufacturers:
Total
number
79
94
98
Domestic.
. . number
54
52
50
Unfilled orders, manufacturers':
Total
number
497
548
363
Domestic
number
296
397
448
Building in railroad shops
(end of month)
number
32
37
33
Exports
.
number
22
56
38
Freight cars (Am. Ry. Assn.):
Owned (end of month)
number 2, 363, 637 2, 359, 124 2, 353, 454
Capacity
mills, of Ibs
211, 201 210,922 200, 590
Installed during month
number
4,299
8,161 ' 5, 097
Retired during month
number.
9,948
9,196 '
9, 616
Ordered from manufacturers
number
5,556
6,113
13, 598
Shipments by manufacturers (I. C. C.):
2,849
Total
number
5,405
2,492
Domestic
number
5,319
Unfilled orders by manufacturers (I. C. C.) :
16, 354
Total
number
12, 148
11,412
Domestic
number
15, 869
Building in railroad shops
7,189
6,246
Passenger cars:
Ordered from manufacturers
number. _
134
87
37
Shipments by manufacturers (I. C. C.):
66
67
jTotal
number
66
Domestic
number
58
Unfilled orders (I. C. C.):
569
612
Total
number
Dompstic
number
550
593

+0 5

8,839
8,449

6,382
5,938

5,661
5,365

38, 391
36, 560

45, 369
43, 937

46, 508
45, 325

3,574

5,159

6,478

244

279

235

96
90

99
98

79
79

486
479

502
496

512
507

47, 571
2,585

37, 142
1,953

\
28, 399
927

27, 402
31, 474

29, 345
22, 297

28, 098
17, 219

-7.1
-34.7

-9.2
+3.7

326, 672
304, 846

269, 636
348, 578

-17.5
+14.3

8,941
19, 951
7,906

8,6 5
14, 741
7,894

14, 288
17, 388
7,575

-14.6
-25.5
-2.9

-23.8
+22.4
-1.5

75, 833
284, 260
138, 803

72, 849
323, 560
163, 927

-3.1
+13.8
+19.8

—35.1

-68.8

Passenger Travel
National parks:
184, 279
36, 524
Visitors
number
2,462
Automobiles entered
number
17, 361
Arrivals from abroad:
26, 721
28, 685
Aliens
number
68, 500
35, 413
United States citizens
number
Departures abroad:
7,674
7,200
Aliens
number
24, 227
United States citizens
number. _ 24, 369
8.012
8,795
PassDorts issued
_
_
number..
Ten months' cumulatives, Jan. 1 to Oct. 31, 1925, inclusive.




26, 642
23, 118
6, 555
18, 039
7,776

8,172

44

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925,
"Survey"

September

PER CENT INCREASE (+) OR
DECREASE (— )

1924

1935

October

November

December

57, 925
15, 034

50, 931
12, 748

50, 061
12, 099

11, 678
14, 408
2,342
128, 800

9, 940
12, 389
1, 993
111, 200

8,776
10, 053
1,478
120, 200

October

November

December

Novem- November,
ber,
1925,
1925,
from
from
Octo- November,
ber,
1924
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
(+)
or decrease

1924

1925

52, 145
12, 131

5 478, 743
s 102, 427

56 536, 003
127, 839

+12. 0
+24. 8-

9,999
12, 285
1,811
131,7 0

s 90, 243
6 112, 177
* 15, 292
5 1,103, 730

5 102, 033
5 125, 414
5 18, 237
1,183,776

+13.1
+11.8+19.3
+7.3.

1925
from
1924

PUBLIC UTILITIES
Telephone companies:
54, 955
Operating revenues
thous of dolls
Operating income
thous. of dolls
13, 373
Telegraph companies:
Commercial telegraph tolls.thous. of dolls. _ 11, 306
Operating revenue
thous. of dolls
13, 784
2,211
Operating income
thous. of dolls
Gross revenue sales
_
thous. of dolls. . 117,200
Electric railways (213 companies) :
750, 236
Passengers carried
„ thous. of personsElectric power:
Production —
Total
mills of kw. hours
i 5, 490
By water power _. .mills, of kw. hours. _ 1 1,607
By fuels..
mills, of kw. hours. .
3, 883
In street rys. mgf.
plants, etc
mills, of kw. hours..
365
Central stations mills, of kw. hours. .
i 5, 125

811, 295

779, 672

791, 485

756, 802

i 5, 936
i 1, 797
i 4, 139

5,772
1,928
3,845

5, 193
1, 632
3, 560

5,065
1, 559
3,492

398
i 5, 534

395
5,378

370
4, 823

510
267
92
92
78
123.3
98.6
92.2

513
264
93
92
78
122.6
99.3
93.1

14, 559
297.6
95
90
82

-3.9

+3.0

8, 624, 159

8, 577, 295

-0. 5

5,537
1,749
3,788

-2.8 +14.0
+7.3 +23.7
-7.1 +15.7

53, 504
18, 272
35, 219

59,469
20, 338
39, 132

+11. 1

373
4,692

435
5,102

-0.8 +5.9
-2.8 +14.6

495
195
88
87
76
114.8
96.1
90.4

495
197
88
87
78
116.2
95.7
90.8

499
95
89
89
79
116.4
97.6
91.3

+0.6 +3.6
-1.0 +34.0
+1.1 +5.7
0.0 +5.7
0.0
0.0
-0.6 +5.5
+0.6 +3.8
+2.5
+1.0

14,700
288.1
96
96
84

13, 632
262.2
86
83
80

13, 700
263.2
88
83
78

14, 101
267.1
90
90
89

+7.3
+1.0
-3.2 +9.5
+1.1 +9.1
+6.7 +15.7
+2.4 +7.7

62, 039

61, 753

64, 794

64,740

66, 079

-0.5

-4.6

28.57
115.3
241.0
189.9
103
101
102

28.67
115.2
234.7
187.8
103
99
104

27.53
112.0
227.8
208.9
99
97
103

27.66
111.8
226.2
188.0
101
97
97

28.26
114.8
229.1
190.1
101
103
110

+0.4
-0.1
-2.6
-1.1
0.0
-2.0
+2.0

+3.7
+3.0
+3.8
-0.5
+2.0
+2.1
+7.2

27.12
29.51
31.20
23.66
17.13

26.45
28.44
30.21
22.60
17.36

26.41
28.37
30.84
22.84
17.21

26. 85
28.90
30.65
23.08
17.18

50.0
48.3

49.6
47.1

49.7
47.1

49.8
47.1

47
41
30
24
27
40
38
38
42
53
38

46
41
28
25
28
41
37
37
41
52
38

47
43
27
23
27
39
37
37
41
52
37

40

40

40

0.0

0.0

1.29
1.12
1.65
1.22
.59

1.41
1.22
1.74
1.27
.71

1.52
1.31
1.95
1.38
.66

-11.8
+5.3
+3.5
+28.0
+11.9

-9.9
-2.5
-14.4
-6.3
-7.0

EMPLOYMENT AND WAGES
Employment in factories:
New York State
thousands
500
Detroit
..
._
thousands
258
New Jersey (rel. to 1923) . . .index number _.
91
Pennsylvania (rel. to 1923)..index number-90
Delaware (rel. to 1923)
index number..
79
123.9
Wisconsin {rel to 1915)
index number
Illinois (rel to 1922)
index number
97.8
Massachusetts (rel. to 1914) .index number. .
89.9
Total payroll:
New York State
thous of dolls
14, 150
Wisconsin (rel. to 1915)
index number..
286.7
New Jersey (rel. to 1923) -_ .index number..
89
Pennsylvania (rel. to 1923) .index number. _
83
78
Delaware (rel. to 1923)
index number. _
Federal civilian employees, Wash62,519
ington D C
number
Average weekly earnings (State reports) :
28.32
New York State
dolls
107.6
Illinois (rel. to 1922)
index number..
Wisconsin (rel to 1915)
index number
231.1
Massachusetts (rel. to 1914) .index number..
186.5
New Jersey (rel. to 1923) .. .index number. _
98
Pennsylvania (rel. to 1923) .index number..
95
Delaware (rel. to 1923)
index number
96
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars
26.94
Total male
dollars
29.27
Skilled male
dollars
30.89
Unskilled male
dollars
23.48
Total women
dollars
17.00
Average weekly hours:
Nominal (both sexes)
hours
50.0
Actual (both sexes)
hours
48.3
Wages of common labor by geographic divisions:
46
New England
cents per hour
44
IVIiddle Atlantic
cents per hour
South Atlantic
cents per hour
30
25
East South Central
cents per hour
26
West South Central
cents per hour
38
East North Central
cents per hour
38
"West North Central
cents per hour
West North Central
cents per hour
38
Mountain
cents per hour
45
Pacific
cents per hour
53
TJnited States average
cents per hour
38
Wage rates, U. S. Steel
Corporation
cents per hour
40
Employment agency operations:
Applicants per job —
United States average
number..
1.05
Eastern States
number
.87
Central States
number
1.37
.89
Southern States
number
Western States
number _ .
.59
i Revised.




5

46
46
25
25
28
36
37
37
46
53
38

46
45
27
25
29
36
37
37
46
52
38

40

40

1.44
1.13
1.44
.93
.59

1.27
1.19
1.49
1.19
.66

129

40

0.0
0.0
-2.2 +9.8
+8.0 -3.6
0.0
-0.0
+3.6 +3.6
0.0 -12.2
0.0
0.0
0.0
0.0
0.0 +12.2
-1.9
0.0
0.0
0.0

+11. a.
+11.1

45

TREND OF BUSINESS MOVEMENTS—Continued

1935

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
October
pages 29 to 151 of the August, 1925, September
"Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Novem- NovemNovember

December

October

November

December

ber,
1925,

ber,
1925,

ber,
1925

ber,
1924

from
from
Octo- Novem-

1934

1935

Per

cent
increase
( }
or tdecrease
(-)
1925
from
1924

DISTRIBUTION MOVEMENT
Mail-order houses:
Total sales
-thous. of dolls.. 34, 836
Sears, Roebuck & Co
thous. of dolls.. 19, 359
Montgomery Ward & Co.. thous. of dolls.. 15,477
Ten-cent stores:
Total sales
-thous. of dolls.. 32, 075
Total stores _ _
. .number. . 2,041
F. W. Woolworth & Co thous. of dolls.. 18, 129
Number of stores operated
1,415
S. S. Kresge Co
thous. of dolls..
8,222
Number of stores operated
287
McCrory Stores Corp.
thous. of dolls..
2,284
Number of stores operated
175
S. H. Kress & Co
thous. of dolls..
3,440
Number of stores operated
164
Restaurant chains:
Total sales
_ -thous. of dolls ..
3,227
Total stores
number..
222
Childs Co., sales
..thous. of dolls..
2,151
Waldorf System (Inc.),
sales
thous. of dolls..
1,076
Chain stores:
J. C. Penney Co
thous. of dolls..
8,298
Number of stores
645
United Cigar Stores Co
thous. of dolls..
6,326
Number of stores
2,840
A. Schulte (Inc.)
thous. of dolls..
2, 050
Number of stores
267
Owl Drug Co
thous. of dolls .
1,330
Number of stores
87
Magazine advertising
thous. of lines .
1,979
Newspaper advertising
thous.
of
lines
99,427
National advertising in newspapers :h
Total
thous. of lines.. 24,668
Automobile advertising
thous. of lines..
5,246
Automobile accessories
thous. of lines..
1,488
Cigars, cigarettes, and
tobacco
thous. of lines..
892
Financial.
thous. of lines..
903
Food, groceries, beverages. .thous, of lines..
2,922
Hotels and resorts
thous. of lines..
221
Household furniture
thous. of lines..
1,037
Men's clothing
thous. of lines..
393
Musical instruments
thous. of dolls..
69
Radio and electrical
thous. of lines. _
744
Railroads and steamships thous. of lines .
1,475
Shoes. . _
thous. of lines. .
244
Toilet articles and medical
preparations
thous. of lines..
3,844
Women's wear
thous. of lines ..
236
Miscellaneous
thous. of lines..
4,697
Postal receipts, 50 selected
cities..
thous. of dolls.. 28, 551
Postal receipts, 50 industrial
cities
thous. of dolls..
3,002
Money orders:
Domestic paid (50 cities)—
Quantity
__ ...number
9,716
Value
_ thous. of dolls
79, 336
Domestic issued (50 cities) —
Quantity
.number..
2,801
Value
thous. of dolls.. 29,456
Delinquent accounts, electrical trade:
Amount
dollars
167, 076
Number of firms _.
.number
1,400
Hardware trade:
Sales index
_
_
145
Outstanding accounts (number of times
sales)
_.
2.0
Internal revenue-taxes collected:
Firearms and shells
thous. of dolls..
358
Jewelry, watches, and
clocks
thous. of dolls
550
Theater admissions
thous of dolls
1,812
Bonds and stocks issued and
conveyances
thous of dolls
2,394
Capital stock transfers . thous. of dolls
1,278

52, 340
30, 375
21, 965

44, 618
25, 824
18, 794

53, 311
30, 522
22, 789

41, 063
23, 801
17, 262

39, 541
22, 488
17, 053

46, 316
26, 171
20, 145

-14.8
-15.0
-14.4

+12.8
+14.8
+10.2

338, 574
196, 004
142, 570

389, 129
227, 821
161, 308

+14.9
+16.2
+13.1

39, 759

36, 882

71, 258

34, 055
1,929

+12.7

199, 687

+10.7

17, 984

7,873

75, 505

87, 982

+16.5

2,669

5,337

+10.8
+6.3
+6.8
+4.5
+14.2
+18.6
+18.9
+4.6

180,464

9,425

-7.2
+0.4
-10.1
+0.4
-5.7
0.0
-2.3
+1.7
+1.6
+0.6

349, 232

39, 330

20,400

33, 292
1,956

20, 677
1,425

33, 292
1,943
19, 369
1,364

309, 861

22, 989
1,420

20, 936

24, 208

+15.6

+20.0

32, 956

37, 355

+13.3

+6.8
+2.7
+10.5

33, 190

33, 727

+1.6

21, 281

22, 064

+3.7

+0.3

11,909

11, 663

-2.1

+6.1
-18.9
+3.7 +17.4
-3.4
-10.0
+2.0 +14.9
-9.9 +6.8
+0.4
+6.0
-13.7
-2.9
0.0 +3.6
+3.5 +13.9
-2.1 +13.6

64,289

78, 264

+21.7

66, 298

66, 088

19, 967

21, 708

2,057

9,992

293

2,732

179

4,046

165

3,403

2,066

293

182
4,111
166

2,246

3,184
225
2,107

1,157

1,077

12, 142
644
6,661

9,850

223

2,888
2,257

266
1,451
87
2,421
119, 754

668

5,992
2,946
2,034

1,351

247
2,103
172

8,252
247

2,244
174

35,021
1,364
14, 592
256

4,260
176

8,607

3,679
159

158

2,275

3,176
219
2,081

2,981
219
1,907

3,181
219

2,057

—6 4
+0.9
-6.2

1,095

1,074

1,124

-6.9

8,431
567

9,286

9,947

1,949
253
1,588
84
2,213
108, 840

1,901
252
1,289
84
2,201
103, 239

12,606
676

267
1,252
87

2,506

117, 231

6,502
2,548

3,427

569

6,205
2,563

7,302

161

569

8,490
2,572
2,742
255
1,906
84
2,121
102, 667

29, 201

1,041

—24.3

1,838
1,023

2,199
906
4,183
396
591
375
353
1,004
1,532
256

+19.6
-11.4
—9.2
+36.1

291
1,153
578
232
1,121
1,467
294

15, 520

14, 965

-3.6

22, 290
1, 054, 695

22, 871
1, 102, 564

+2.6
+4.5

-6.9
-10.6

31, 359
5,616
1,376

4,606

+5.1

5,023

—48.7

-35.1

+52.2

-10.4
44
—12 9

6,303

6,584

5,038

4,525

32, 489

29, 962

38, 656

29, 119

26,471

34, 149

-7.8

+13.2

281, 876

307, 319

+9.0

3,352

2,970

4,126

3,145

2,627

3,613

-11.4

+13.1

30, 091

32, 690

+8.6

12,008

10, 916
88, 548

95, 784

12,000

11, 294
88, 962

13, 558
100, 098

-9.1
-10.8

-3.3
-0.5

116, 003
914, 086

120, 716
874, 019

+4.1
-4.4

3,052

2,941
29, 802

3,573
34,002

-2.8
-3.1

+4.2
+7.4

32, 197
323, 965

33, 719
337, 874

+4.7
+4.3

167, 286
1,509

139,715

119,777

422

99, 240

3,154

33,041

+4.5

—45.0

232

3,065

32, 016

184, 056
1,597

—10 2

30, 763

1,157

1,258

160

138

150

134

140

-13.7

+3.0

1.8

2.0

1.9

2.1

1.9

+11.1

-4.8

329

506

434

425

290

+53.8 +19.0

2,988

3,315

+10.9

556
2,148

597
1,920

593
2,021

484

729

+23.3

7,717
22, 088

-55.6
-60.8

2,928

2,615
1,949

2,098

1,318

685

2,076

2,554

+7.4
-10.6

-7.5

17, 399
56, 281

1,976
660

2,083

-10.7 +32.3
+47.9 +195. 3

33, 267

8,060

28, 598
14, 678

-14.0
+82.1

2, 153, 920

1,430

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents')
Policies, new (45 companies):
Ordinary
_
number of policies. . 187, 944 224, 370 219, 593 272, 239
181, 569
Industrial
.
number of policies
691, 227 1, 199, 183
851, 209
824, 881
830, 831
Group., _
number of contracts
114
172
107
485
87
Total
number of policies and contracts.. 879, 278 1, 423, 667 1,070,974 1, 097, 605 1, 012, 487
Policies and certificates issued:
Total policies and certificates
number.. 899, 216 1, 461, 675 1, 097, 292 1, 272, 811 1, 083, 205
Group insurance certificates.. .certificates.. 20,045
26, 490
38, 122
175, 691
70, 805
h
See table on p. 19 of the December, 1925, issued for earlier data.



216, 103
230, 278
641, 128
903,065
132
472
857, 363 1, 133, 815

-29.0 +32.8 7, 542, 160 8, 827, 675
1,499
1,113
+50.9 +30.3
-24.8 +24.9 9,697,193 11, 146, 763

-2.1

+1.6

2, 317, 588

+7.6
+17.0
+34.7
+14.9

833, 002 1, 242, 423
25, 771
109, 080

-24.9
-30.5

+31.7
+2.8

9,944,803 11, 519, 577

+15.8
+49.3

248, 723

371, 314

46'

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through . November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, September
"Survey"

1925

October

Novem- December
ber

October

538, 166
175, 114
37,800
751, 080

630, 262
256, 704
54, 446
941, 412

735, 325
596, 833
223, 883
207, 980
314, 396
111,087
915, 900 1, 273, 604

501, 459
198, 461
131, 134
831, 054

107, 367
37, 057
3,124
147, 548

130, 045
38,951
4,841
173, 837

130, 920
39, 074
4,940
174, 934

9,121

9,209

3,707
1,513
2,195

3,750
1,515
2,235

3,694
1,041
2,001
547
106

3,713
1,035
2,005
567
106

1,092
628

Sales of ordinary life insurance (81 companies) :
United States total
thous. of dolls . 601, 772
Eastern manuf. district
thous. of dolls.. 230, 427
Western manuf. district
thous. of dolls.. 127, 582
Western agric. district
thous. of dolls.. 98, 954
Southern district
-thous. of dolls.. 80, 030
Far Western district
thous. of dolls.. 64, 779

1924

PER CENT INCREASE (+) OR
DECREASE (— )

November

Novem- November,
ber,
1925,
1925,
from
from
Octo- November,
ber,
1924
1925

December

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per
cent
increase
( }
or tdecrease
(-)
1925
from
1924

1924

1925

524, 384
676, 188
5 3 +13.8
150, 718
225, 892 -19.0 +38.0
38, 624
184, 130 +104. 0 +187. 6
713, 726 1, 086, 210
-2.7 +28.3

5, 871, 409
1, 737, 662
413, 797
8, 022, 864

6, 833, 014
2, 135, 291
684, 857
9, 653, 164

+20. a

109, 188
33, 405
3,025
145, 617

103, 731
32, 190
2,593
138, 515

141, 633
59, 616
4,186
205, 434

1, 181, 812
350, 517
27, 233
1, 559, 562

1, 343, 573
404, 407
48, 404
1, 796, 382

+13.7
+15.4
+77.7
+15.2

9,292

8,297

8,359

3,796
1,518
2,278

3,263
1,439
1,824

3,298
1,444
1,853

3,751
1,048
2,015
580
108

3,469
1,085
1,899
388
98

1,099
647

1,103
642

668, 794
258, 615
148, 401
107, 380
86, 527
67, 871

637, 023
252, 514
136, 517
99, 155
81, 492
67, 345

28, 916
24, 008

27, 009
21, 334

25, 952
20, 299

23, 477
18, 355

590
1,695
660
2,893
2,297
72.5

BANKING AND FINANCE— Continued
Life Insurance— Continued
Amount of new insurance (45 companies):
Ordinary. .
thous. of dolls.
Industrial
thous. of dolls
Group
thous. of dolls..
Total insurance
thous. of dolls..
Premium collections (45 companies) :
Ordinary
thous. of dolls
Industrial
thous, of dolls..
Group
thous. of dolls
Total
thous. of dolls-.
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 other
mills, of dolls..
Policy loans and premium
notes
mills, of dolls..
Other admitted assets
mills, of dolls..

+ 16- 4r

+22.9
+65.5

+0.7
+0.3
+2.0
+0.6

+26.2
+21.4
+90.5
+26.3

8,476

+0.9

+11.2

3,338
1,452
1,886

+1.2
+0.2
+1.9

+15.1
+5.1
+22.9

3,496
1,085
1,909
405
98

3,534
1,086
1,915
430
102

+1.0
+1.3
+0.5
+2.3
+1.9

+7.3
-3.4
+5.6
+43.2
+10.2

1,017
548

1,018
547

1,020
585

+0.4
-0.8

+8.3
+17.4

572, 184
224, 325
124, 841
93, 489
69, 226
60, 303

545, 152
218, 834
115, 577
88, 871
65, 490
56, 380

744,111
281, 134
165, 469
120, 784
98, 928
77, 796

-4.8
-2.4
-8.0
-7.7
-5.8
-0.8

+16.9
+15. 4
+18.1
+11.6
+24.4
+19.4

6, 274, 344
2, 521, 870
1, 362, 383
971, 314
776, 518
642, 259

7, 250, 153
2, 923, 078
1, 549, 311
1, 145, 812
899, 338
734, 615

+15.6
+15.9
+13.7
+18.0
+15.8
+14.4

22, 506
20, 912

23, 047
18, 846

27, 327
21, 830

-6.6
-11.1

+17.2
+13.2

236, 204
206, 121

283, 059
232, 357

+19.8
+12.7

26, 059
20, 013

21, 585
18, 122

22, 433
16, 743

25, 626
18, 445

-9.5
-9.6

+4.7
+9.6

224, 244
177, 721

256, 660
197, 121

+14.5
+10.9

625
1,732
701
2,861
2,291
71.1

750
1,835
751
2,822
2,357
67.3

223
1,767
802
3,132
2, 218
78.6

222
1,845
866
3,134
2,203
77.4

314
1,862
935
3,047
2,311
73.0

13, 901
5,443
13, 082

13, 959
5,405
13, 025

14, 235
5,462
13, 261

12, 764
5,551
12,^922

12, 870
5,617
13, 065

13, 068
5,531
13, 254

+0.4
-0.7
-0.4

+8.5
-3.8
-0.3

4.90
4.40

4.75
4.38

5.45
4.38

2.45
3.13

2.60
3.25

3.38
3.56

-3.1
-0.5

+82.7
+34.8

7, 613, 545
1, 332, 605
2, 108, 618
523, 094
521, 262
353, 016
258, 465
947, 951
158, 315
99, 915
113, 151
75, 531
1, 121, 622
132, 398

7, 651, 384
1,335,978
2, 113, 380
523, 646
526, 885
356, 396
263, 469
955, 175
159, 357
100, 121
113, 351
76, 675
1, 126, 951
132, 711

7, 151, 529
1, 268, 465
2, 001, 536
492, 285
489, 511
325, 899
228, 510
910, 932
141, 026
92, 444
106, 979
67, 849
1, 026, 093
134, 405

7, 194, 415
1, 271, 490
2, 006, 184
494, 478
499, 463
324, 495
230, 308
917, 748
157, 231
92, 787
105, 620
67, 523
1, 027, 088
134, 235

7, 334, 289
1, 282, 074
2, 056, 333
513, 283
506, 689
327, 880
234, 515
932, 953
156, 548
94, 674
106,498
67, 490
1, 055, 712
133, 346

+0.5
+0.3
+0.2
+0.1
+1.1
+1.0
+1.9
+0.8
+0.7
+1.3
+0.2
+1.5
+0.5
+0.2

+6.4
+5.1
+5.3
+5.9
+5.5
+9.8
+14.4
+4.1
+1.4
+7.9
+7.3
+13.6
+9.7
-1.1

3, 308, 534 3, 318, 009 3,388,832

+0.1

+6.5

(Life Insurance Sales Research Bureau)
804, 684
296, 151
173, 510
133, 997
116, 231
84, 795

Banking
Debits to individual accounts:
New York City
.mills, of dolls . 24, 369
20, 872
Outside New York City
mills, of dolls
Bank clearings:
New York City
mills, of dolls.. 21, 774
Outside New York City.— mills, of dolls.. 18, 021
Federal reserve banks:
633
Bills discounted
.mills, of dolls. .
Notes in circulation
mills, of dolls..
1,685
624
Total investments
mills, of dolls..
2,866
Total reserve
mills, of dolls .
Total deposits
mills of dolls
2,268
72.5
Reserve ratio
per cent-Federal reserve member banks:
Total loans and discounts... mills, of dolls. _ 13, 832
Total investments
mills of dolls
5,440
Net demand deposits.
. .mills, of dolls.. 13, 046
Interest rates:
New York call loans
per cent
4.56
Commercial paper 4-6 mos
per cent
4.19
Savings deposits, by Federal reserve districts
(balance to credit of depositors) :
Total, 846 banks
thous of dolls 7, 604, 962
Boston, 64 banks
thous. of dolls.. 1, 329, 853
New York, 30 banks-. -thous. of dolls.. 2, 114, 729
Philadelphia, 78 banks.thous. of dolls.. 522, 453
521, 120
Cleveland, 18 banks
thous of dolls
Richmond, 91 banks thous. of dolls.. 348, 699
Atlanta, 96 banks
thous. of dolls. . 253, 104
Chicago, 209 banks
thous. of dolls.. 940, 952
St. Louis, 32 banks
thous. of dolls.. 159, 071
Minneapolis, 15 banks.thous. of dolls.. 99, 939
Kansas City, 56 banks.thous. of dolls. . 113, 957
75, 078
Dallas, 85 banks
thous of dolls
San Francisco, 72 banks.thous. of dolls. .1, 126, 007
U. S. Postal Savings
thous of dolls
132, 159
New York State Savings
banks
thous of dolls 3, 487, 629

3, 529, 169 3 533 841

+5.9 +181. 5
+2.2
-6.1
+6.2 -19.1
-8.7
-1.1
+4.0
-0.3
-8.1
-1.9

Public Finance
Government debt:
Interest-bearing
_ ..
Total gross debt
Short-term debt
._ .
Customs receipts
Total ordinary receipts
Expenditures chargeable to
ordinary receipts
Money in circulation:
Total
Per capita




.mills, of dolls
mills, of dolls. _
..mills, of dolls
thous. of dolls..
thous. of dolls

20, 143
20, 418
6,186
51, 017
512, 072

20, 141
20, 407
6,184
52, 835
202, 245

20, 139
20, 401
6,182
48, 276
184,931

19, 983
20, 248
6,033
46, 223
602, 575

20, 978
21, 242
8,069
49, 890
255, 323

20, 951
21,213
8,041
40,011
174, 738

20,712
20,979
7,046
40, 129
570, 792

0.0
0.0
0.0
-8.6
-8.6

-3.9
-3.8
-23.1
+20.7
+5.8

505, 104
3, 341, 595

524, 604
3, 224, 545

+3.9
-3.5

thous. of dolls.. 330, 851

323, 432

236,034

433,968

320,307

233, 758

345, 879

-27.0

+1.0

2,999,114

3, 166, 134

+5.6

4,901
42.77

4,972
43.35

5,008
43.62

4,880
43.12

4,994
44.08

4,993
44.03

+1.4
+1.4

mills, of dolls
dollars..

4,827
42.17

-0.4
-1.7

47

TREND OF BUSINESS MOVEMENTS—Continued

Where available December data have
been included in this table. The cumulatives shown are in most instances,
however, only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on
pages 29 to 151 of the August, 1925, SeptemOctober
ber
*'Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1934

1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

(

-y

Novem- NovemNovember

December

October

November

December

ber,
1925,

or de-

ber,
1925,

from
from
Octo- November,
1925

ber,
1924

Per

cent
increase
crease

1934

1925

(-)
1925

from
1924

BANKING AND PINANCE-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..
Agents and brokers
number.

30, 687

29, 544

35, 922

36, 528

36, 099

31, 124

45, 279

+21.6

+15.4

497,946

407, 216

-18.2

8,167
14, 990

H,264
13, 530

13, 994
18, 907

12, 931
20, 635

15, 619
16, 122

10, 252
15, 782

15,753

-1-24.2 +36.5
+39.7 +19.8

270,416

154, 754
194, 734
57, 729

-42.8
+10.6
+13.5

1,465
388
1,015
62

1,581
408
1,111
62

1,672
442
1,146
84

1,878
490
1,307
81

1,696
411
1,186
99

1,653
361
1,193
99

2,040

475
1,464
101

Grand total
thous. of dolls,. 427, 220
Dividend payments:
Total
thous. of dolls.. 102, 920
Indus, and misc. corp
thous. of dolls.. 66, 365
Steam railroads
_ _ ..thous. of dolls.. 25, 905
Street railways
..thous. of dolls.. 10, 650

309, 395

322, 323

509, 250

288, 300

301, 150

73, 595
32, 350
33, 950

7,295

74, 970
54, 575
15, 180
5,215

166, 500
67, 995
28, 775
18, 015

67, 300
29, 500
32, 200
6,100

71, 150
52, 400
14, 350

294, 309
16, 379

300, 994
70, 310

365, 565
10, 675

74, 634
236, 053

120,932
250, 373

149, 938
226, 302

234, 096

278, 096

251, 381

121, 458

86, 124
93, 465
585, 422

65,115

7,530

-36.4

-40.6

176, 050
50, 878

+5.8
+8.3
+3.2

+22.4

+1.1

18. 575

19, 336

+35.5

-3.9
-15.2

12, 799
913

13, 854
882

+4.1
-2.8
+8.2
-3.4

458, 625

+4.2

+7.0

3, 840, 590

4,073,778

+6.1

+1.9

4,400

158, 125
64, 609
27, 150
16, 800

-55.3
-28.5

+5.4
+4.2
+5.8
+18.5

1, 012, 689
566, 170
301, 195

83,090

1, 066, 505
592, 995
317, 115
93, 350

+5.3
+4.7
+5.3
+12.3

361, 898
56, 549

235, 256
8,112

227, 259
56, 727

+21.5
-84.8

+31.6

+55.4

3, 008, 303
457, 098

3, 650, 822
593, 927

+21.4

78, 257
340, 190

56,480
186,888

89, 185
283, 985

+24.0 +165. 5
-9.6

+21.1

777, 201
2, 688, 301

1, 149, 053
3, 095, 698

+15.2

384, 032

197, 464

310, 014

-9.6

+27.3

2, 909, 132

3, 268, 034

+12.3

11, 115

96, 076
126, 375
543, 490

73, 600
36, 983
574, 096

120, 244 -24.4 -11.5
130, 971 -88.1 -69.9
734, 854 +112. 1 +116.3

526, 042

999, 415.
534, 134

912, 568
435, 829

919, 188
440, 046

927, 568
446, 429

+0.4
+1.5

+8.7
+21.4

73, 097
22, 275

77, 300
19, 843

60, 809
60, 672

64, 300
45, 648

62, 267
40, 205

+5.7
-10.9

+20.2

117. 29

124. 11

134. 29
79.15

4,750

3,022

2,962

4,357

5,090

27, 141

2,385

4,733

4,600

Dividend and Interest Payments
(For the following month)

+68.7

New Security Issues
Total corporation (Commercial and Financial
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

76,118

572, 75J

373, 977

1,241,594 1,020,548

1,326,445 1, 234, 157
848,] 10
6, 419, 866

+29.9
+47.8

-7.0
-18.0

695, 618
8, 960, 655

+39.6

Agricultural Finance
Loans outstanding, end mo.:
Federal farm loan banks ... thous. of dolls.. 989, 960
Joint-stock land banks
thous. of dolls.. 519, 237
Federal intermediate credit
banks
thous. of dolls
64, 318
War finance corporation thous. of dolls.. 24, 688

995,207

-56.5

Stocks and Bonds
Stock prices, daily closing:
25 industrials, average
dolls, per share.. 162. 83
174. 49
25 railroads, average
dolls, per share. _
85.40
84.73
103 stocks, average
dolls, per share.. 115. 71
121. 39
Stock sales:
N Y Stock Exchange
thous. of shares
36, 886
53, 423
Bond sales:
Miscellaneous
.thous. of dolls
242, 657
258, 979
Liberty- Victory
_
thous. of dolls.. 21, 066
21, 528
Total
thous. of dolls
280, 507
263, 723
Bond prices:
Highest-grade rails.p. ct. of par, 4% bond..
86.54
86. 06
Second-grade rails.. p. ct. of par, 4% bond..
76.91
76.78
Public utility
p. ct. of par, 4% bond..
70.52
70.95
Industrial
p. ct. of par, 4% bond-74.92
75.17
Comb, price index..
p. ct. of par, 4% bond..
76.92
76.73
9
5 Liberty bonds
p. ct. of par.. 101. 40
101. 92
16 foreign
governments
and
city 9
p. ct. of par.. 104. 00
102. 75
Comb, price index,9 66 bonds fl.p. ct. of par..
97. 55
97.46
Municipal bond yield
per cent..
4.21
4.26
Long-term real estate bonds issued :i
Grand total
thous. of dolls.
51, 808
90, 839
Purpose of issueFinance construction thous. of dolls16, 350
39, 880
Real estate mortgage thous. of dolls.. 13, 330
31, 753
Acquisitions and improvements
thous. of dolls.
11, 640
13, 068
All other
thous. of dolls..
9,060
7,566
Kind of structureOffice and other commercial.. _
thous. of dolls.. 11, 270
37, 515
Hotels
thous. of dolls__
8,393
8,755
Apartments
thous. of dolls
7,025
5, 130
All other
_
thous. of dolls.. 24, 758
39, 801
J See table on p. 25 of the September, 1925, issue for earlier data.
» For 1st of following month.




174. 39
88.13
120. 05

177. 74

48, 981

42, 876

92.45

69.63
90.25

76.00
97.77

99.65

-0.1 +40.5
+3.2 +16.0
-1.1 +22.8

18, 126

41, 369

42, 876

-8.3

+18.4

238, 920

408, 123

+70.8

218, 999
23, Oil
242, 010

247, 972
45, 164
293, 136

336, 431
52, 987
389, 418

313, 044
79, 448
392, 492

-15.4
+6.9
-13.7

-34.9
-56.6
-37.9

2, 604, 697
786, 686
3, 391, 383

2, 848, 512
317, 128
3, 166, 640

+9.4
-59.7
-6.6

86.22
77.73
70.65
75.46

86.67
74.36

86.43
75.03
70.45
74.06
76.06

85.45
74.65

+0.2
+1.2
+0.2
+0.4
+0.5
+0.1

-0.2
+3.6
+0.3
+1.9
+1.4
-0.1

-1.3
+0.1
-0.9

-2.0
+0.7
+2.2

77.12
102. 02

101. 41

97.53
4.22

70.10

73.75
75.74

70. 56

73.94
75.77

102. 98

102. 10

101. 98

103. 67
97.13
4.11

103. 50

102. 39

4.13

4.16

96.86

96.55

65, 647

30,549

38, 257

46, 557

-27.7

+71.6

272, 697

637, 748 +133. 9

45, 240

20, 614

24, 622
10, 735

27, 265
1,301

+13.4
-69.7

+83.7
-10.4

200, 514
50, 630

365, 737 +82.4
143, 548 +183. 5

10, 375
412

4,590

1,000
1,900

2,510

-10.9
-94.6

-78.3

10, 168
11, 385

77,393 +661. 1
51,026 +348. 2

27, 090
12, 795
10, 165
15. 597

20, 570
3,215
3,124

17, 320

19, 905

-27.8 +56.4
+52. 4 +15.1
+98.1 -t -83. 6
-60.8 +264.0

126, 662
55, 273
56, 717

9,620

4,200
1,145

3.640

11,115
5,537
4.285

3,775
4,290

10, 085
12. 277

34.045

+92.4
+92.0
84,392 +48.8
203.468 4-497. fi
243, 749
106, 141

48
TREND OF BUSINESS MOVEMENTS—Continued
1935
Where available December data have
been included in this table. The cumulatives shown are in most instances,
howeverf only through November
and, where designated by a footnote,
through October. Earlier data for
items shown here may be found on Septem- October November
pages 29 to 151 of the August, 1925,
ber
''Survey"

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 oz_.
Imports
thous. of dolls..
Exports
-.thous. of dolls—
Price at New York
dolls, per fine oz._
FOREIGN EXCHANGE BATES
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 rupeeAmericas:
Canada
dolls, per Canadian doll—
Argentina
—dolls, per gold peso—
Brazil- _ ._
dolls, per milreis—
Chile
dolls, per paper peso..
U. S. FOREIGN TRADE
Imports
Grand total _ .
thous. of dolls..
By grand divisions:
Europe—
Total
thous. of dolls..
France
thous. of dolls—
Germany
—thous. of dolls..
Italy
thous . of dolls _ _
United Kingdom
thous. of dolls..
North AmericaTotal
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 _
By class of commodities:
Crude materials—
thous. of dolls. _
Foodstuffs, crude, and
food animals
thous. of dolls __
Manufactured foodstufls... thous. of dolls..
Secnimanufactures
thous. of dolls..
Finished manufactures
thous. of dolls..
Miscellaneous
__
thous. of dolls ._
Exports
Grand total, including
reexports
thous. of dolls—
By grand divisions:
Europe—
Total
. -thous. of dolls
France .. .
thous. of dolls .
Germany
. .. .. thous. of dolls
Italy..
thous. of dolls..
United Kingdom .. -thous. of dolls
North AmericaTotal
-thous. of dolls
Canada. _
thous. of dolls _.
South AmericaTotal
thous. of dollsArgentina
thous. of dolls _
Asia and OceaniaTotal
thous. of dolls
Japan
_
-thous. of dolls
Africa, totalthous. of dolls
Total, domestic exports only. .. thous. of dolls..
By classes of commodities:
Crude materials
thous. of dolls
Foodstuffs, crude, and
food animals
thous. of dolls..
Manufactured foodstuff s_— thous. of dolls. _
Semimanufactures..
thous. of dolls..
Finished manufactures
thous. of dolls. .
Miscellaneous
_ .thous. of dolls. _
Agricultural exports (quantities) :
All commodities
index number
All commodities except
cotton
index number..




PER CENT INCKEASE (+) OR
DECREASE (— )

1924

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Novem- NovemDecember

October

November

December

ber,
1925,

ber,
1925,

ber,
1925

ber,
1924

Per
cent
increase
(+)
or decrease
(-)
1925
from
1924

from
from
Octo- Novem-

1924

1925

991, 988
8,772
309, 346
21, 973

957, 806
8,807
121, 050
256, 666

-3.4
+0.4
-60.9

58, 546
68, 082
98, 611

57, 326
58, 849
91, 531

-2.1
-13.6
-7.2

78, 329
797
4,128
6,784

128, 030
812
50, 741
28, 039

102, 641
787
10, 448
24, 355

127, 184
828
19, 702
4,125

106, 488
802
19, 862
6,689

90, 816
825
10, 274
39, 675

-19.8
-3.6
-3.1
-1.9
-79.4 -47.4
-13.1 +264.1

4,845
4,504
7,487
.716

4,644
5,602
8,783
.711

4,777
4,049
8,111
.692

.689

5,631
5,829
9,465
.708

5,624
6,481
9,401
.693

5,674
5,864
11, 280
.681

+2.9
-27.7
-7.7
-2.7

-15.1
-37.5
-13.7
-0.1

4.85
.047
.041
.044
.402
.268
.193

4.84
.044
.040
.045
,402
.268
.193

4.85
.040
.040
.045
.402
.268
.193

4.85
.037
.040
.045
.402
.268
.193

4.49
.052
.044
.048
.391
.266
.192

4.61
.053
.043
.048
.401
.268
.193

4.70
.054
.043
.050
.404
.270
.194

+0.2
-9.1
0.0
0.0
0.0
0.0
0.0

+5.2
-24.5
-7.0
-6.2
+0.2
0.0
0.0

.408
.366

.410
.366

.423
.366

.432
.366

.388
.337

.385
.344

.384
.353

+3.2
0.0

+9.9
+6.4

1.000
.917
.135
.120

1.001
.934
.148
.121

1.001
.944
.146
.122

1.000
.942
.142
.122

1.000
.836
.112
.111

1.000
.855
.155
.113

.997
.883
.115
.113

0.0
+1.1
-1.4
+0.8

+0.1
+10.4
-5.8
+8.0

349, 954

374, 061

376, 665

310, 752

296, 148

333, 192

+0.7

+27,2

3, 276, 771

3, 830, 255

+16.9

100, 370
12, 843
15, 067
6,724
31, 288

115, 834
15, 675
15, 703
9,680
37, 717

118,231
14,492
15, 728
9,323
42, 342

106,477
14, 123
13, 701
9,019
36, 530

97, 911
13,729
11, 909
7,989
35, 675

110, 721
14, 436
12, 793
9,084
39, 349

+2.1 +20.8
-7.5 +5.6
+0.2 +32.1
-3.7 +16.7
+12.3 +18.7

985, 433
133, 200
126, 465
65, 938
327, 128

1, 122, 389
142, 186
142, 892
92, 753
375, 563

+13.9
+6.7
+12.9
+40.7
+14.8

76, 548
37, 356

81, 987
47, 115

75, 868
43, 233

75, 124
33, 729

71, 177
35, 059

69, 135
36,489

+23.3

+6.6

925, 939
362, 578

902, 116
412,087

44, 321
5,603

38,789
4,003

43, 319
6,714

42, 103
4,700

41,925
4,582

44, 524
6,294

+67.7

+46.5

+3.3

421, 947
69, 004

471, 062
73, 024

123, 239
47,970
5,526

133,989
39, 079
3,506

131, 459
37, 242
7,788

82, 920
29, 308
4,128

80,979
28, 364
4,156

-1.9
98, 017
-4.7
39, 626
11, 165 +122. 1

+31.3

+62.3

+87.4

882, 288
300, 436
61, 163

1, 252, 533
344,937
82, 155

142, 198

151, 144

165, 904

100, 726

106,807

131, 701

+9.8

+55.3

1,105,427

1, 545, 508

45, 247
33, 110
58, 021
65, 370
6,059

44, 278
33, 192
65,713
77,224
2,553

46, 588
29, 339
62, 223
70, 515
2,096

42,462
38, 414
56,651
68, 979
2,320

38, 076
28,936
58,917
61, 464
1,948

40, 098
27, 896
60,923
70, 759
2,185

+5.2 +22.4
-11.6
+1.4
-5.3 +5.6
-8.7 +14.7
-17.9
+7.6

384, 820
493, 706
592, 627
680, 212
19,979

446, 803
404, 664
687,817
722, 258
23,205

-2.6
+13.7
+11.6
+5.8
+42.0
+14.8
+34.3
+39.8
+16.1
-18.0
+16.1
+6.2
+16.1

420, 360

490, 601

447, 595

527, 172

493, 573

445, 748

-8.8

-9.3

4, 145, 235

4,441,404

+7.1

228,379
20, 545
52, 117
12, 793
90,334

282, 702
34, 051
56, 481
17, 392
121, 394

237, 644
29, 560
39, 120
16, 766
107, 247

290, 615
26, 787
49, 655
21, 955
125, 432

305, 456
36, 765
58,312
22, 863
125, 835

273, 342
27, 862
50, 671
23, 914
115, 884

-15.9
—13.2
-30.7
-3.6
-16.7

-22.2
-19.6
-32.9
-26.7
-14.8

2,171,049
253,802
389, 745
163, 232
866, 150

2,356,393
252,082
434, 359
187,671
917,676

102, 819
63, 338

96,491
55, 798

93, 739
53, 650

133, 314
86, 270

93,094
53, 110

76,398
38, 123

-2.9
-3.8

+0.7
+1.0

1, 012, 778
585,043

1,044,771
599, 699

29,006
9,661

31, 135
12, 144

34,991
13, 230

32, 820
12, 764

27, 087
10, 108

29, 752
10, 702

+12.4
+8.9

+29.2
+30.9

285,406
106, 391

359,061
131,888

53, 107
18,012
7,008
412, 698

73,421
33, 170
6,861
482, 921

72,654
29, 861
8,568
439, 449

64, 190
28, 928
6,232
518, 265

63, 149
31, 548
4,787
486,453

58, 362
26, 451
7,026
438, 650

+24.9 +79.0

-1.0
-10.0

+15.1
-5.3

-9.0

-9.7

612, 734
223, 855
63, 268
4,059,063

601, 984
200,906
79, 195
4, 359, 381

131, 579

209, 659

172, 534

162, 432

196, 372

168, 273

-17.7

-12.1

1, 158, 007

1, 261, 459

+8.5
-0.7
+11.4
+15.0
+5.9
+3.2
+2.5
+25.8
+24.0
-1.8
-10.3
+25.2
+7.4
+8.9

34, 179
52, 659
50, 058
143,470
753

19, 312
51, 474
50, 751
151, 070
655

19, 485
46, 972
50, 035
149, 232
1,191

101, 820
58, 711
53, 428
141, 107
767

58, 940
54, 461
50, 896
124, 897
887

39, 516
54,388
53, 704
122, 003
676

+0.9
-8.7
-1.4
-1.2
+81.8

-66.9
-13.8
-1.7
+19.5

353,071
519,205
556, 867
1,466,035
5,878

296,707
521, 080
606, 053
1,666,798
7,284

-16.0
+0.4
+8.8
+13.7
+23.9

128

168

149

204

19>4

161

-11.3

-23.2

158

129

124

298

209

178

-3.9

-40.7

o

-7.5
-8.2
+11.7

+34.3

OF COMMERCE

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Statistics of Current Production, Stocks, and Consump^:< >%^^^S^miW)tt|^i^r;xt^^r;. ^^'^pii»tt^1 ^iBliK^tds -^
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i tbif' tcMJ^%i^,%^i¥f t^,^'ttiilfo%\pu)aic;jtev^
nues, and public debt for States, counties, cities, etc.; digest
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