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UNITED STATES DEPARTMENT OF COMMERCE

SURVEY OF
CURRENT BUSINESS
COMPILED BY

BUREAU OF THE CENSUS
IN COOPERATION WITH

BUREAU OF FOREIGN AND DOMESTIC COMMERCE AND BUREAU OF STANDARDS

WASHINGTON

No. 77

January, 1928

CONTENTS
INDEX BY SUBJECTS

SUMMABIES

Page

Preliminary summary for December
1
Course of business in November
9
Business indicators (tables and charts)
2, 3, 4, 5
Wholesale prices (table and charts)
6, 7, 11
Indexes of business:
Summary (text and charts)
9,10,11
Detailed indexes (production, prices, sales, etc.)
18
Automobiles, building, mining, manufacturing, electric power, and transportation (charts)
8
NEW DETAILED TABLES

Index of wholesale distribution
Revised index of unfilled orders
Indexes of market values of common stocks
Indexes of high-grade bond yields
Canadian foreign trade
Wholesale prices of steers, spring wheat, and tobacco

21
22
24
25
26
52

Textiles
Metals and metal products_
Fuels.
Automobiles and rubber
Hides and leather
Paper and printing
Building construction and housing
Lumber products
Stone, clay, and glass products
Chemicals and oils
Foodstuffs
Tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertising, e t c ) .
Banking and finance
Foreign exchange and trade, gold and silver

Text
page

Table
page

12
27
13
29
33
14
14 31,34
34
14
35
14
36
15
37
15
38
15
39
15
41
16
44
16
45
17
46
11
47
17
48
17
51
17

PRELIMINARY SUMMARY FOR DECEMBER
Measured by the volume of check payments, business during the early weeks of December was running
substantially higher than in the corresponding period
of 1926. The movement of goods through primary
channels, as seen from data on carloadings, however,
was smaller than last year, the principal declines
occurring in loadings of mineral and agricultural
products. The value of new building contracts
awarded during the early weeks of December was
somewhat lower than in the corresponding period of
1926. The production of bituminous coal, while
showing little change from the previous month, was
considerably lower than in the same month of last
year. The output of crude petroleum, although
showing but slight change from the previous month,
was still above the level of last year. Lumber output
was smaller than in the previous month but larger
than a year ago. Wholesale prices showed only small
•change from the previous month but the level was
78941—28




1

somewhat lower than a year ago. Loans and discounts of Federal reserve member banks reached a
new high point during the month. The Federal
reserve ratio declined to a point lower than at any
time in the last two years. Prices of stocks listed on
the New York Stock Exchange continued their recovery, being substantially higher also than in December of last year. Bond prices advanced as compared with both prior periods. Loans to brokers and
dealers by Federal reserve member banks of New York
City, secured by stocks and bonds, advanced to the
highest point on record during the month.
Interest rates on call loans averaged higher than
in the previous month but were lower than a year
ago. Rates on time money showed little change from
the previous month but were lower than in December,
1926. Business failures during December were more
numerous than in the corresponding period of 1926,
defaulted liabilities showing similar comparisons.

MONTHLY BUSINESS INDICATORS, 1920-1927
Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses and 10-cent chains, and department
stores have been adjusted for normal seasonal variations, and that on manufacturing production for the varying number of working days in the month]

1923

1924

1925

1926

I 1927

1928

1923

1924

100
CHECK PAYMENTS (141 CENTERS)
. i . . I . • I . . I

l . . I • . i . . i • • i . . I i • '1 . • I •

80
30

120

100
SALES BY MAILORDER HOUSES
I I .1 I : I I I I I I I I I I I II I I I i

I I I 1 I I 1 I I I

80

SALES BY TEN CENT CHAINS
I I I I I I I I ! I ll I I I I I I I I I I I t I I I I 1 I . 1 , I I I I

140
120

§
z

IOO

NET TON-MILE OPERATION

2
Q

80 Z

BUILDING CONTRACTS (FLOOR SPACE)

60

• l • . i .i

I . , i • • ! • i

ii i i . • i

• i i • •!• • I • . 1 i i I • . l •

160

100
80
60
50




1923

1924

I 1925

I 1926

1928

1923 I 1924 I 1925 I 1926

MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925,
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance. The items formerly shown in the table entitled "Business Summary," usually appearing on page 9 of
previous issues, have been consolidated into this table.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated
as noted bel ow. In this manner a more understanding month-to-month comparison may be made.
MONTHLY AVERAGE

1926

1927

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

1923 1924 1925 1926
Manufacturingproduction:
t Total
102.3
Pig iron
Steel ingots
Automobiles
Cement
Lumber (5 species)
C otton (consumption)
Wool (consumption)

111. 7
104.8
102.1
92.1
98. 6
105.9
112.8

94.3
86.7
88.7
90.5
99.8
96.2
89.7
94.6

103.8
101.5
106.4
107.4
108.1
105.2
104.4
92.6

1923-1925 monthly average=100

110.5
111.6
117.8
103.9
133.5
106. 2
110. 8
103.6

103.0
108.3
107.2
79.6
114.2
94.9
113.8
100.9

98.0 96.9 105.7 111.4 111.9 114.7 111.9 106.6 105.1 106.1 104.4 97.3
103.4 103.9 98.4 116.6 114.5 113.5 103.4 98.8 98.6 92.9 93.2 88.6
100.3 108.8 109.4 130.1 118.5 116.1 100.3 91.9 100.4 93.5 95.1 89.7
52.2 74.2 94.7 122.5 125.7 125.5 100.0 83.4 95.9 80.9 68.2 41.4
86.4 66.4 59.4 92.1 113.0 134.4 138.6 140.1 147.4 140.8 138.2 116.3
84.4 78.9 86.0 91.6 91.0 101.9 99.9 96.5 107.5 105.8 101.5 94.1
117.9 117.8 115.0 135.3 120.6 123.3 129.1 110.9 123.4 122.2 119.4 121.!
101.0 97.9 97.0 114.5 92.8 93.6 95.0 84.1 98.1 101.6 103.7 97.8

103.9 99.8 104.6 127.1 153.
98. 8 99.3 96.4 96.4 96.8
106.2 93.6 103.5 155.9 210.3
97. £ 97.9 95.6 98.8 98.4
107.8 113.8 118.4 118.4 125.7
113.5
104.
106.2 109.2 107.
108.3 98.9 105.5 111.5 124.2
110.2 109.5 109.2 110.1 113.9

141.5
108.7
180.5
92.7
120.0
113.8
135.9
113.6

120.3
108.8
135.3
87.0
113.8
118.3
131.3
109.8

106.9
109.0
113.1
109.2
110.0
101.5
108.6
89.7

103.5
107.9
105.1
111.6
137.9
103.5
90.0
80.7

110.5
107.1
115.3
132.5
136.7
106.6
97.5
86.2

110.
105.0
113.2
122.9
133.3
105.3
111.:
96.6

Raw material output:
Total
Animal products
Crops
Forest products
Minerals (all)
Crude petroleum
Bituminous coal...
Copper.

97.5 102.3 100.1
101.0 101.0 97.8
92.2 107.0 100.8
97.2 103.6
103.1 95.9 101.1
99.4 96.9 103.
108.0 92.5 99.5
100.2 106.4

_

_...

104.7
96.1
110.4
80.1
111.6
116.4
130.6
115.5

92.8
85.4
93.2
84.3
104.2
110.6
121.4
104.9

82.8 91.1 88.1 90.1 113.8
102.0 102.7 116.1 107.3 97.7 97.6
61.0 63.1 62.6 76.3 124.4
84.
92.2 94.2 103.4 101.6 94.3 103.3
115.3 96.6 110.2 109.9 106.8 117.3
122.7 118.2 124.2 121.4 127.6 127.1
138.1 79.6 81.2 84.1 77.2 95.7
105.1 107.8 108.6 105.4 99.4 102.0

138.1
94.0
185.5
101.6
111.8
122.3
96.3
100.0

154.1
102.4
215.8
97.8
115.3
125.6
101.0
104.6

128. 3
107.8
158.0
94.
104. 21
120.2
93.3
102.8

Power and construction:]
Electric power
Building contracts(37 States)

92.9

Unfilled orders:
General index
U. S. Steel Corporation....

121.7
125.8

109.0 122. t
92.7 117.6 111.

87.0
83.6

91.
90.6

84.

117.9 122.5 123.2 130.6 128.7 135.4 134.1 121.2 133.9 127.9 131.2 129.0 128.6 133.2 131.7 138.1 136.7
112.2 109.1 106.3 96.6 80.2 82.6 132.4 126.0 111.6 118.6 102.4 110.1 109.1 115.0 105.2
104.0

83.
75.5

82.2
75.3

81.9
74.2

78.
77.2

79.5
79.7

77.2
83.0

82.7
79.6

81.5
75.3

81.2
74.4

77.2
72.4

74.3
63.9

72.2
63.9

72.1
65.8

71.5
66.9

69.8
65.9

66.8
70.0

69.3
72.3

Stocks:
* General index._
88.9 102.2 108.9 129.? 126.1 138.7 130.1 134.0 151.8 142.0 139.6 142.4 136.0 129.0 134.6 132.6 141.3 152.7 145.8 140.
141.1
118.4 115.6 115.1 115.5 118. 0 116.7 121.3 127.9 127.9 125.2 121.5
110.6 112.8
112.8 110.3 109.
* Manfd. commodities (28).. 86.6 104.1 108.6 109.
210.7 196.2 172.1 148.2 124.0 100.3 85.8 87.6 135.2 179.8 200. 0J
70.0 117.7 177:8 213.0J 219.
Cotton
102.5 91.4 106.2 145.
65.2 75.
83.0 93.1 91.1 87.7 95.5 85.1 92.2 82.7 76.4 74.1 80.3)
Copper (refined)
_ 106.4 113.9 73.1 64.8 57.4 58.9 62.0

Employment:
Factories

106.6

Prices:
Farm products, to producers
Wholesale, all commodities
Retail food
Cost of living (icluding
food)-.

96.3

97.2

95.7

97.8

97.1 106.5

99.7
97.6

97.2 102. 6 99.1 98.6
97.6 104.9 106.9 104.9

91. 2 96.7
101.0 98.0
98.3 99.1
92.7 97.4
88.5 99.3
97.8 93.
91,5 100,8

98.1

119.6
98.0
107.8
116.2
123.2
114.3
105,5

122.2
97.0
105.
122.
123.2
104.9
97,0

92.0

97.0

97.4

91.3

92.0

91.3

95.6

90.6

95.0

93.1

93.2

91.3

94.2

94.2

95.7 101.4

93.8

93.4

98.5 97.5 97.0 95.7 95.0 93.7 92.9 92.9 93.0 93.3 94.4 95.6 96.1 95. 8 [
106.2 106.9 108.2 108.
106.2 104.2 102.9 102.' 103.6 106.2 102.9 101.6 102.9 104.3 104.9^

101.1 100.5 101.

111.9
101.0
103.9
110.
112.3
109.0
107,8

95.3

97.4

94.2

97.1

99.9

Distribution (values):
* Bank debits, 141 cities
* Wholesale trade_ |
* Department stores, sales._. |
* Mail-order houses, sales
j
* 10-cent chains, sales
j
Imports
._
Exports

98.6

96.7

101. 7 102.3 102.

120.4 116.5 116.0
97.0 100.0 94.0
106.3
110.2
119.9 108.7
123.
116.7
128.6
104.2 106.2 116.
117.3
101.3 118.0

109.5
98.0
109.4
115.2
128.6
115.
126.5

119.3
95.0
115.8
130.2
136.8
111.3
122.6

101.7 100.5

123.6
94.0
103.1
103.0
131.9
110.5
110.5

132.3
95.0
109.4
110.5
138.9
96.2
98.2

19.9

99.9 100.5

136.6 134.3
96. 0 94. 0
111.0
105.9 117.1
120.5 141.6
116.3
107.7 109.4

127.7
95.0
100.7
111.5
128.1
107.3
103.5

129.7
93.0
103.1
126.5
132.4
109.9
94.0

98.7

98.7

99.3

99.9

99.9

127.8
95.0
103.1
126.5
131.9
98.9
90.1

137.6
100.0
114.2
140.5
135.1
114.2
98.7

141.0
96.0
113.4
125.5
135. 7
105.8
111.9

130.7
91. 0|
105.5!
114. 3|
139.5
109.7
128.7i

132.71
95. 0;
110. 2J:
119. 9|
137.8|
106.
121.41

Transportation:
* Car loadings
Freight, net ton-miles

99.8
102. 2

102.8 106.8 109.2 107.5 107.9 108.9 106.4 104.8 107.6 108.5 109.0 108.6 108.8 102.6 102.7 103.3 103.3 101.3
107.5 103.1 102.9 112.5 115.1 122.1
95.9 101.9 109.1 111.8 117.2 118.8 129.4 116.2 107.5 105.1 98.8 112.1

95.2

Finance:
Member bank loans and disc. 94.1 98.5
Interest rate (coml. p a p e r ) . . . 115. 9 90.8
Federal reserve ratio
99. 0 104.1
Price, corporation bonds
96. 4 99.9
Price, railroad stocks
86.0 96.1
Price, industrial stocks
86.1 91.9
Failures (liabilities)
106.0 106.8




107.4 112.9
93.4 98.5
96.0
103.6 108.0
133.4
11
132.4
12:
87.2 80.4

111.6
91.
98.
108.3
134.1
130.2
70.0

113.2
100.1
96.4
108.2
137.5
137.6
66.3

114.9
102.9
94.0
108.1
142.2
137.6
70.7

t Adjusted for number of working days.

114.
104.5
95.3
108.0
135.7
131.5
78.4

114.8
103.1
93.
109.4
139.3
137.4
77.1

116.3
101.
90. 8
110.2
143.3
143.3
107.6

113.4
95.9
103.1
111.0
145.2
140.1
121.0

114.1
90.1
101.7
110.6
151.1
144.7
110.7

114.6
92.4
102.1
111.2
152.4
150.
136.5

114.6
94.3
103.0
111.9
158.3
159.8
125.4

116.7
95.9
99.5
112.1
162.4
167.6
89.1

117.5
95.9
100.5
111.2
165.3
168.8
81.3

* Seasonal adjustments.

115.7
99.9
103.2
111.4
167.3
177.3
101.8

117.3
96.6
.101. 4
112.9
167.9
183.7
92.4

119.3
100.1
98.8
113.4
171.5
193.9
77.3

120.0 121.4
99.4 98.2
96.4 192.2
114.4 114.9
168.5 171.6
186.4 90.0
85. 51 85. 3

WEEKLY BUSINESS INDICATORS
iWeek ending Saturday. See table on page 5]
WEEKLY AVERAGE, 1923-1925 INCLUSIVE'100
BITUMINOUS COAL, PRODUCTION
200
180

140
v

1201

I: il

80

!00

*&%»

s

I

80h

i

100

LUMBER, PRODUCTION
120

•¥-

j

40

11
1 1 1

-UjJfJUJL

60 f

SEP. OCT.iNOV/|pEC,

UUN. JULY

1

AL
\AtiW
1

w

'"I'T"

2 •

I

reoh-r
140 H

1/1;
1 r rI
• 1! U

I

60

I

|MAY

Ml
k

160

80

DEBITSTO INDIVIDUAL ACCOUNTS

BUILDING CONTRACTS
JA N. FEB.WlAB APR.
T

111

1 1 1M l !

.II

LOANS AND DISCOUNTSF.R.MEMBER BAVRS

nnluj,,.

1 1 1

CATTLE RECEIPTS
UL

1 11

MM

i i i

11 i

11 i i

i i i

! 1 ! ! M 1 1 I 1 1 1 1

150
FEDERAL RESERVE RATIO
120

J

J
PETROLEUM PRODUCTION (DAILY AVERAGE)

,,„ ,.,

,M

MM

1 1 1

,M

Mr

CALL MONEY RATES

FISHER'S WHOLESALE PRICE INDEX
QpL-hH-UMl11 ii 1111 ii i ii 111 11 M^I 11 m 11.1111

TIME MONEY RATES

uz

100
i i i

MM-

i I 1 I 1 I \ M 1 1 1 11 1 1M

i l

Ml

COTTON PRICES MIDDLING NEW YORK

100

COTTON RECEIPTS

350 r
!

300 l

I

HOr
"** **

•

*

•

V

• • .

I05H

11 >
M M

IRON AND STEEL COMPOSITE PRICES

BUSINESS FAILURES 'NU^ylBER;
!90r

100
\

IOO| Vt
%

•

50 h
1 1 1 I 1 1 1 II 1 I 1
1
JAN. FEB MAR APR. MAY •JUHjjULY AUG SEP.




PRICES

60

r

2501-

80

BOND

MM
OCT. NOV DEC.

70H

T

JAN. FEB.,MAR, APR.

A/

W

M 1 II 1
i I i 1 •*:
JUN JULY AUG SEP. OCT.

Mi
•

f

NOV.jDEO.j

WEEKLY BUSINESS INDICATORS >

Carioadings

Building contracts

Receipts of wheat

Receipts of cotton

Receipts of cattle

123.2
128.9
127.1
130.4
138.4

103.2
106.4
105.5
103.2
105.5

75.1
84.9
82.0
81.6
80.0

105.3
105.8
107.2
109.7
111.9

123.7
123.6
126.2
126.1
126.9

150.7
122.6
161.6
138.6
146.4

116.0
109.6
91.8
109.3
118.0

321.5
360.4
359.2
353.5
328.1

129.1
144.9
140.8
141.8
149.4

134.5
141.7
146. 5
137.6

102.3
99.1
99.1
88.2

78.4
82.4
83.7
80.8

113.2 118.6 127.7 104.1 320.0 123.7
112.5 116.1 121.3 96.6 307.7 137.0
113.8 112.5 119.1 77.2 305.4 131.3
114.8 98.3 163.0 73.8 278.1 96.8

150.6
144.6
138.3
107.6

98.2
96.4
90.0
75.9

78.0 114.7 110.4 83.9
75.1 115.0 104.2 117.4
71.8 .115.1 99.1 176.0
59.6 115.3 80.6 90.9

68.5
71.4
61.8
50.2

281.5 110.8
260.8 101.9
237.7 103.5
203.5 71.5

- 109.9
136.0
-. 139.3
— 138.3
138.9

53.2
75.9
85.9
86.8
82.7

70.2
69.4
73.9
75.9
77.6

114.6
114.7
114.8
114.7
113.8

77.2 138.5
98.1 107.4
99.1 97.3
98.3 89.6
99.2 118.4

53.0
59.0
60.0
58.4
65.1

139.4
138.4
135.4
131.0

88.2
90.9
94.1
92.3

76.3
76.7
78.0
77.1

115.3 101.3 77.9
118.2 101.0 99.7
118.7 100.2 112.2
119.3 96.3 134.6

77.6
62.5
72.5
55.5

136.1
. -- 141.4
133.6
137.2

90.0
92.3
93.2
92.3

76.3
79.6
83.7
81.6

118.3
118.1
118.2
118.2

113.4
84.7
82.1
81.4
86.4

90.9
97.3
97.3
90.0
96.4

80.0
78.8
71.8
69.0
71.8

119.0 103.5 153.6
119.0 100.1 187.2
117.8 99.8 156.9
119.0 99.6 153.1
120.0 107.1 182.5

84.0 102.3
86.2 101.4
84.9 99.1
87.0 103.2

63.3
60.4
62.9
51.0

120.3
119.4
119.0
119.9

106.8
107.3
106.1
107.1

75.7 96.4
87.5 101.4
85.0 97.3
87.0 99.1
81.9 90.9
67.5 73.6
84.6 105.5
84.7 106.4
88.2 104.5

114.3
114.3
117.1
114.3
111.4

140.5
136 3
134.4
132 9
134 6

105.8
105.8
106.0
105 8
106.3

79.5
85.1
79.4
75.0

99.3
97.9
95.8
97.2

46.7
48.2
47.8
48.2

92.5
92.8
92.9
93.0

98.8
98.4
96.0
96.2

115.0
114.5
114.3
114.6

93.9
95.5
95.1
94.6

111.8
115.5
118.2
112.2

109.1
106.1
112.1
115.1

108.6
105.7
105.7
105.7

136 2
138.1
138.2
140 4

106.6 94.3
106.7 103.9
106.9 112.3
107.1 97.5

96.8
99.7
90.0
78.7

97.2
98.6
97.9

44.5
45.2
46.3
47.8

92.9
92.4
92.3
92.1

96.2
95.9
94.7
94.3

115.0
114.8
115.1
115.5

93 2
93.0
89.9
88 9

108.8
114.5
118.7
126.7

118.2
118.2
118.2
136.4

105.7
105.7
105.7
105.7

140 9
142 4
144.4
145 2

107.1
107.2
107.3
107.4

113.8
114.5
103.9
120.6

191.5
133.5
150.8
159.6
140.8

64.2 71.6
87.3 100.9
93.0 110.6
94.9 98.9
87.7 97.7

97.9
95.1
97.2
98.6

47.8
48.2
49.6
50.0
50.4

92.0
92.0
91.3
90.5
90.3

94.0
93.9
93.4
94.0
93.3

116.6 90.5
116.7 91.6
114.4 97.3
114.2 99.2
113.6 102.7

1C6.1
143.2
120.4
119.4
111.1

133.3
115.1
103.0
100.0
97.0

105.7
102.9
102.9
102.9
102.9

144.4
142 2
142.9
143.0
141.0

107.3
107.5
107.8
108.0
108.0

109.1
121.4
142.8
150.4
146.7

122.3
120.4
105.8
119.2

84.2
78.8
83.5
82.3

90.0
86.0
77.5
87.7

97.2
96.5
96.5
96.5

51.5
51.8
52.2
52.6

90.1
89.5
89.2
88.7

92.7
92.9
91.4
91.0

113.8
113.2
113.0
113.2

101.3
102.6
101.2
103.4

127.9 97.0
111.5 97.0
113.9 97.0
102.2 100.0

102.9
102.9
110.0
102.9

143.9
145.8
148.1
149.7

107.8
167.6
107.7
107.6

140.0
145.9
118.9
109.1

57.7 96.9
61.8 103.8
51.1 97.7
31.8 88.5

76.6
76.9
78.2
79.1

82.0
81.8
85.1
76.9

96.5
95.8
94.4
93.0

53.3
52.2
51.8
52.9

88.8
88.9
89.1
89.1

91.4
91.0
89.8
90.3

114.4
114.3
115.1
114.9

101.3
102.8
101.9
102.2

134.2 100.0 100.0 150.3 107.5
114.4 97.0 102.9 150.3 107.7
123.7 97.0 102.9 152.2 108.0
118.7 106.1 102.9 152.1 108.4

117.9
113.8
115.5
120.9

48.7
43.9
37.5
42.9
41.3

83.8
65.8
69.6
76.5
70.4

83.5
80.7
79.4
86.1
80.1

81.7
75.3
61.9
79.5
77.0

93.0
94.4
93.0
95.1
95.8

52.9
53.3
53.3
55.5
56.3

89.1
88.9
88.9
88.5
88.5

90.3
90.7
90.2
89.8
89.8

114.9
115.2
114.8
114.5
114.8

101.7
102.8
101.7
102.6
102.6

110.0
129.8
117.9
118.2
114.4

154.3
157.6
159.7
161.3
159.2

108.6
108.8
108.7
108.7
108.6

121.4
107.9
114.5
106.9
117.4

115.5
149.2
141.1
193.4

45.3
45.2
66.7
62.0

79.2
66.5
55.0
36.9

88.6 80.7 99.3
89.9 82.7 100.7
87.0 76.1 100.7
91.5 • 90.1 105.6

58.8
58.1
59.6
61.8

88.6
89.0
88.9
88.6

90.2
89.8
90.1
90.0

115.9
115.6
115.7
115.5

100.6
103.2
102.3
101.7

131.0 97.0 100.0 161.6
114.4 106.1 100.0 164.0
123.9 97.0 100.0 166.2
114.8 109.1 100.0 168.9

108.8
109.1
109.0
108.9

105.9
108.6
109.1
110.3

60.4
57.6
55.9
53.5

120.4 95.0 83.8
119.9 107.3 145.8
120.5 106.0 145.6
120.5 106.2 154.2

62.1
51.5
50.7
52.3

41.9
38.1
38.8
38.1

88.3
83.2
80.4
80.1

95.8
94.6
74.4
86.4

104.2
100.7
102.1
103.5

62.1
62.9
61.8
61.8

87.9
88.7
88.6
88.5

90.2
90.3
90.3
89.6

117.0 99.1
116.7 99.6
117.2 98.6
117.0 101.8

110.4 109.1 100.0 170.2 108.7 90.9
122.4 100.0 100.0 170.0 108.4 108.4
121.6 97.0 102.9 168.2 108.3 98.8
120.5 97.0 102.9 167.4 108.2 104.4

42.0
46.5
43.3
43.7
43.3

121.7
121.7
122.1
123.6
124.1

106.5
87.5
106.1
105.6
109.1

178.6
127.0
148.8
146.5
170.3

96.3
107. 5
130.3
150.4
327.4

36.2
38.8
28.1
33.5
35.4

73.1
56.6
90.8
84.5
82.3

89.7 100.7
70.3
79.0 102.8
65.8 100.7
70.9 97.9

62.9
63.2
66.2
68.4
68.8

89.3
90.0
90.4
88.7
89.8

117.8
117.5
116.0
116.0
115.9

100.1
99.1
100.6
101.7
102.8

114.6 112.1 105.7 165.5 108.1 104.2
131.5 100.0 105.7 169.9 108.3 76.9
120.2 97.0 105.7 173.0 108.4 109.8
119.2 90.9 102.9 174.5 108.4 101.7
105.5 90.9 100.0 177.0 108.5 107.1

105.5 43.3
102.3 44.1
106.4 44. J
105.5 45.3

123.7
123.7
120.9
120.4

106.8
109.4
111.3
115.7

102.2
159.4
141.3
119.2

306.8
241.7
206.6
169.7

36.2 83.5
47.7 91.5
61.2 97.5
75.0 105.1

70.0 96.5
66.6 99.3
67.8 100.0
62.2 98.6

70.2
71.3
75.4
80.9

88.2
88.1
87.9
87.9
87.8
87.6
87.5
87.5
87.5

89.8
89.2
90.0
91.4

116.7
117.0
117.0
116.5

100.4
101.2
101.3
101.3

118.4
108.4
115.8
103.2

120.6
120.3
119.8
121.7

116.5 92.4 196.2 119.6 104.4
103.2 156.6 202.3 135.4 90.5
117.3 129.0 250.6 174.6 101.9
117.4 136.3 246.4 213.8 102.5

60.6
51.5
52.2
53.8

95.1

83.5
86.8
78.3
76.8

87.6
87.6
87.6
87.2

91.5
92.9
93.1
93.1

117.6 101.0 102.8
117.4 98.6 103.0
118.8 99.0 122.1
119.2 99.5 130.8

84.8 91.4 181.1
93.9 91.4 184.7
87.9 102.9 186.5
97.0 100.0 186.2

109.4 84.5
109.4 83.5
109.4 99.8
109.5 82.8

114.2
129.7
129.1
138.6
133.5

51.6
53.0
57.3
65.5
78.6

93.7
94.4
97.2
93.0

80.1
78.3
77.2
73.5
75.4

87.2
87.1
85.9
85.9
85.8

93.6
93.6
94.1
94.1
93.3

119.6 98.4 113.8 97.0 100.0 185.6
120.8 96.6 140.8 100.0 100.0 187.6
120.3 96.8 107.8 97.0 97.1 185.7
120.5 96.9 141.0 93.9 100.0 180.4
120.2 97.2 123.2 84.8 102.9 177.8

109.9 94.6
110.1 106.6
110.2 80.6
110.2 100.7
110.2 113.3

117.8 108.4 84.3 176.4 293.8 132.6
118.5 101.7 93.5 128.9 263.8 127.2
118.4 101.0 126.4 133.8 236.5 123.4
119.9 87.7 134.0 99.6 191.2 99.7

56.2
74.9
91.8
71.8

77.9
74.6
72.8
73.2

85.8
85.6
85.4
85.1

93.7
93.8
93.9
94.0

120.3
120.7
121.1
121.1

96.0
94.3
91.4
92.8

133.4
116.0
129.2
126.3

73.2
71.3
71.3
72.8

85.0
84.8
84.8
84.8

93.8
94.0
92.9
93.4

121.7
122.2
122.4
122.9

91.9
91.2
89.3
86.7

111.4
133.4
121.4
134.1

Business failures

133.3
115.1
124.2
103.0
109.1

Bond prices

Time-money rates

108.5
130.3
107.7
131.9
115.8

Stock prices

Call-money rates

93.7
95.1
94.3
95.6
95.0

Federal reserve
ratio

115.2
115.3
115.3
115.0
114.5

Bank loans and
discounts

95.4
94.9
95.3
95.5
96.5

Wholesale price
indi

91.4
91.4
92.1
92.1
92.2

Price of iron and
steel (com posit

52.6
48.2
50.0
46.3
46.7

Price of cotton
middlio

58.6 97.9
63.5 96.5
66.3 97.9
74.0 100.0
78.9 100.7

Price of No. 2 whe?

Debits to individual
accounts

•ha

Receipts of hogs

W E E K ENDING
SATURDAY *—

Beehive coke
production

Bituminous coal
production

Petroleum
production

Lumber production

[All data are given as relative to the weekly average for 1993 to 1925 as 100]

1926
Oct

2
9

16
23

30
Nov. 6
13
20
27

Dec

4
11
18
25

81.8
96.1
92.1
105.9
105.7

1927
Jan

1
8

15
22
29

Feb

5
12
19

.

- -

26

Mar

5
12
19
26

Apr

2
9
16
23

30
May

7
14

21

_ . _.
. ._

28

June 4
11

18 _
25

July

2._
9

16._
23
30

Aug. 6 _
13

20.

_

27

100.1 106.4
92.1 96.4
99.0 105.5
101.3 106.4

Sept. 3
10 17

24
Oct.

1
8
15
22

29

--- 103.2
105.5
108.3
105.5
102.8

Nov. 5
12
19

26
Dec.

87.2
93.3
93.8
100.0

3
10

17
24

92.6
97 0
102.6
90.6

42.9
45.7
41.6
43.3

103.8 72.9
104.9 123.3
105.0 161.6
105.2 147.5

107.3 41.2 121.8 117. 5 145.1 252.6
108.6 44.1 121.3 114.8 134.5 266.8
106.4 36.3 119.7 116.8 130.7 220.2
105.5 42.9 119.2 117.7 116.1 186.5
104.5 34.7 118.4 116.0 252.9 176.6
105.5
105.5
104.5
96.4

38.4
37.1
33.5
35.1

92.9 102.3 34.3 119.1
99.4 104. 5 33.1 119.4
100.6 102.3
118.0

261.2
256.9
248.5
268.8
293.8

95.5 78.3 112.0 195.8 113.9 98.5
91.5 156.4 80.6 175. 4 106.3 98.1
90.5 123.5 74.2 142.7 104.1 109.2
119.6
125.6

92.3
90.8

96.5

109.1
109.1
109.1
97.0
103.0

102.9
97.1
100.0
102.9
100.0

87.9 100.0 179.5 108.9
90.9 97.1 175.1 109.2
84.8 102.9 177.5 109.3
84.8 91.4 180.3 109.4

95.3
96.6
97.3
90.7

87.9 100.0 177.9 110.2 114.0
84.8 94.3 182.1 110.4 105.7
84.8 97.1 184.7 110.7 108.6
84.8 97.1 184.7 110.8 93.6
100.0
103.0
97.0
103.0

97.1 185.3 110.8 110. 6
97.1 185.0 110.8 122.6
97.1 186.0 110.9 123.6
97.1
110.8 122.4

1
Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four
associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American
Railway Association; Building contracts from F. W. Dodge Corporation; Receipts of wheat from BradstreeVs; Receipts of cattle and hogs from U. S. Department of Agriculture,
Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor IrvingFisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat. No. 2, red, cash, from Chicago
Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
Federal Reserve Board; Call-money and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist; Business failures from R. Q. Dun <St
Company
The
2TJ actual week for all items does not always end on same day.




WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. November, 1927, is latest month plotted]

no

(BALTO .)

MURIATE OF POTASH (N.Y.)

...

NITRATE OF SODA ( N E W 1/ORK

FERTILIZER TANKAGE(CHICAGO)

mm

\CID PHOSPHATE

MM

m

• • • •••

mmmm

90

•fii

....

/_

100

sm

y

\

m*
mm

80

•

100

••
MM

80

CORN, NO . 2

FLOUR, WINTER

WHEAT , WINTER

120

#

y

>

^1

mm

mm*

BEEF, CARCASSy

0CATTLE, STEERS
120

OATS

\

f 13 6 19•• 4 I4 L 8 I 3 C
• • • •<

mm
• •

y

m~

*

*•'

HOGS,

HAMS, SMOKED

HEAVY

(CHICAGO)

).9

mm

100
**•

80
SUGAR, RAW

160

7« .8

7( .4 7! .7 7^

*m*m*mm\

COTTONSEED OIL

SUGAR , GRANULATED

140

1

7

^- 9 7S6 7L3

RUBBER, CRUDE

**

120
• • • •••

\

•••

100

• •

• •

y \

80
60
120

•#

110

\

100

COTTON , H A W S
f)2 45
/
••
•
•
Jy

90
8 0

5

J

*<
•

...

SILK, RAW

WORSTED YARNS

mm

•

*

120
....

(BOSTON)

S

/
•

m+ • • • r

•

70

100

WOOL, V4 GREASE

y
'•t

•

y

UJ

01

COTTON PRINT CLOTH

••

;

/
mm
>

COTTON YARN
\

I

..

^> • n

mm

mm

/
y_

y

y ••

715

80

3J553l5!p|K S

il

#,

B I T U M I N O U S COAL

PETROLEUM

BOOTS AND SHOES. (ST. LOUIS)

LEATHER, SOLE ,OAK.

HIDES, PACKERS I M J
17 2J

126 5

i7&e 189.4

12 id

COKE

120
\

100
i

80

\
mm

60
110

100

PIG IRON .FOUNDRY
••' •
•

••n • ? - - mm
TIN

ZINC

CEMENT, I-EHIGH

[COPPER" INGOTS*

BRICK, COMMON, NEW YORK

... • •

/I
L

90

+m

1

<mmt

I K4.6 84J8 864 SAS 8 .7 78

LUMBER, PINE, FLOORING

STEEL. B E A M S
10
1

100
$0

• •

• •<

••<

s

....

• • • mtm

*••

/

mm
•M

m*

80




•*

•

1926.

S

'••

\

s
1927.

..

...

k 7! « 7 \B 714 71 4 71 4

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics, nonferrous metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent
prices to producer or at mill.
RELATIVE PRICE
ACTUAL PRICE

(dollars)

1926 average=100

Unit

COMMODITIES

October, Novem- November, 1927 ber, 1926
1927

SepNovemtember, October,
ber,
1927
1927
1927

NovemOcber,
tober,
1926
1926

FARM PRODUCTS—AVERAGE PRICE TO PRODUCERS
Wheat
Corn
Potatoes
Cotton
Cottonseed
Cattle, beef
Hogs
Lambs

Bushel..
BushelBushel.,
Pound.,
Ton..
Pound.
Pound.
Pound.

.-

1.137
.876
.979
.210
36.60
.0755
.1016
.1122

1.114
.737
.954
.200
37.51
.0800
.0899
.1142

1.236
.660
1.413
.110
18.66
.0632
.1145
.1111

88
136
58
149
127
115
83
96

84
125
53
139
135
117
86
97

82
105
51
132
138
124
76
99

90
107
68
77
74
100
102

91
94
76
73

Bushel
Bushel
Bushel
Bushel
Bushel
___ Bushel
Cwt
Pound
__ Pound
Cwt
Cwt._
Cwt
Cwt

1.275
1.344
.878
.498
.823
.999
11.331
.211
.47
14.325
11.055
5.250
13.865

1.264
1.354
.868
.512
.842
1.056
9.812
.203
.48
15. 938
9.469
5.469
13. 581

1.401
1.384
.711
.452
.711
.961
10. 014
.128
.45
9.385
12.085
5.770
12. 700

85
85
131
114
120
102
184
125
98
140
88
79
99

82
87
116
116
119
105
134
120
102
150
90
80
101

82
88
114
119
121
111
116
116
104
167

93
91
102
109
103
106
99
75
98
104
105
88
97

91
90
94
105
102
101
118
73
98
99

Barrel
Barrel
Pound
Pound
Pound
Pound
Pound
Pound
Pound
Pound

7.231
6.535
.047
.057
.109
.210
.225
.233
.48
.245

7.145
6.575
.047
.056
.106
.215
.234
.220
.50
.235

7.740
6.638
.047
.058
.083
.170
.175
.293
.51
.218

84
92
110
106
91
116
125
73
102
105

86
90
108
104
92
128
132
76
107
107

85
91
107
102
89
131
137
71
111
103

94
96
105
104
75
104
105
99
104

92
92
108
106
70
104
103
95
113
95

Pound
Yard
Yard
Pound
Yard..
Yard..
Yard..
Pound
Dozen pair.
Pound
Pound
Square foot.
Pound
Pair
Pair

.402
.087
.111
1.400
1.000
1.913
2.048
5.145
10. 780
.233
.218
.510
.550
6.500
5.000

.383
.083
.110
1.400
1.000
1.913
2.048
4.802
10. 780
.242
.228
.510
.550
6.500
5.000

.321
.069
.085
1.400
1.000
1.890
2.048
5.733
11.760
.153
.168
.450
.430
6.400
4.85

113
119
118
96
94
95
95
82
89
160
121
113
121
102
102

112
115
120
98
97
95
95
83
89
166
125
113
126
102
102

107
109
119
98
97
95
95
78
89
172
132
113
126
102
102

92
91
97
98
97
94
95
98
89
115
102

90
91
91
98
97
94
95
93
97
109
97

100
99

100
1.99

Net ton—.
Net ton....
Long ton...
Short ton_.
Barrel

4.199
4.932
13.255
2.906
1.240

4.160
4.800
13. 389
2.825
1.230

5.104
5.605
13. 869
5.000
1.750

99
105
97
73
64

97
103
96
71
66

96
100
97
69
65

105
104
100
97
109

118
117
101
122
193

Long ton..
Long ton..
Long tonPound
Pound.
Pound...
Pound...
Pound . . .

19. 260
17.000
33.000
.1296
.183
.0625
.5756
.0600

19. 210
17. 000
33.000
.1332
.183
.0626
.5709
.0575

20.760
18. 500
35.000
.1358
.189
.0801
.6867
.0720

93
92
94
94
96
75
95
85

93
92
94
94
96
74
91
82

93
92
94
97
96
90
78

97
100
100
101
100
107
100

M feet
Thousand.
Barrel..
Cwt.
Pound
Cwt
Cwt
Cwt

37.980
11. 750

36.420
11.750

43. 020
15. 500

83
71

84
71

81
71

97
94

94

1.600
1.800
.249
.75
2.525
3.250

1.600
1.750
.273
.75
2.525
3.250

1.650
2.000
.286
.75
2.75
3.450

97
93
61
103
91
94

97
92
66
103
88
94

97
89
72
103
88
94

100
102
88
103
96
100

100
102
75
103
96
100

97

FARM PRODUCTS—MARKET PRICE
Wheat, No. 1, northern spring (Minneapolis)._
Wheat, No. 2, red, winter (Chicago).
Corn, contract grade No. 2, cash (Chicago)
Oats, contract grades, cash (Chicago)
Barley, fair to good, malting (Chicago)
Rye, No. 2, cash (Chicago)
Tobacco, leaf, average sales, warehouse (Kentucky)
Cotton, middling upland (New York)_
Wool, U, blood, combing, Ohio and Pennsylvania fleeces (Boston)
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)-Sheep, lambs (Chicago)

77

83
99

93

FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)-.
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime yellow (New York)
Beef, frash, carcass, good native steers (Chicago)
Beef, fresh, carcass, steers (New York)
Pork, smoked hams (Chicago)
Butter, creamery, 95 score (New York)
Oleomargarine, standard, uncolored (Chicago)
CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston).
Cotton-print cloth, 64 x 60-38H"-5.35—yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)..Woman's dress goods, French, 39 inches at mills, serge. _
Suitings, unfinished worsted—13 ounce, mill
Suitings, serge, 11 ounce, 56-58 inch__
Silk, Japan, 13-15
Hosiery, women's, pure silk, mill
Hides, green salted, packers' 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 (composite price)
Coal, bituminous, prepared sizes (composite price)
Coal, anthracite, chestnut (composite price)
Coke, Connellsville (range of prompt and future) furnace—at ovens
Petroleum, crude, Kansas-Oklahoma—at wells
METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York).
Brass, sheets, mill
Lead, pig, desilverized, for early delivery (New York)..
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis)

74 '

*
101
100
100
95
108

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, mill
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago
district)
Steel beams, mill (Pittsburgh)
Rubber, Para Island, fine (New York)
Sulphuric acid 66° (New York)
Wood pulp, sulphite, domestic, unbleached, news grade (New York)....
Newsprint, rolls, contract, mill




8
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]

/«*

TOTAL AUTOMOBILE PRODUCTION
(UNITED STATES

10

1920

1921

1922

1923

1924

1925

1926

FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
140

&QL

1921

I

1922

1923

1924

1925

MINERAL PRODUCTION AND RAILROAD TON-MILEAGE
[Relative numbers, monthly average, 1923-1925, taken as 100]
140
120




1927

9
COURSE OF BUSINESS IN NOVEMBER
GENERAL CONDITIONS
November business, as indicated by figures on milk, grains, vegetables, and certain miscellaneous
check payments after adjustments for seasonal con- crops were larger, all other agricultural products
ditions, was higher than in either the previous month showing smaller marketings. The visible supply of
or November, 1926. Wholesale trade, after adjust- wheat, both in the United States and Canada, was
ment for seasonal conditions, was larger than in larger than for either the previous month or the corOctober. The volume of goods moving through responding month of last year. The visible supply of
primary channels, as indicated by data on freight corn was smaller than for either prior period. Prices
movements, was lower, however, than a year ago. for wheat and corn received by the producer averaged
Wholesale prices, though showing no change from the lower than in the previous month and for wheat were
previous month, were still below the level of last year. lower also than a year ago. Imports of sugar were
Prices paid to producers of farm products averaged smaller than in either the previous month or Novemlower than in the preceding month but were higher ber of last year, while sugar stocks at refineries
than in the corresponding month of 1926.
showed declines from both prior periods. Imports of
Retail trade, as shown by data on department coffee were larger than in either the previous month
stores, was larger than in either previous month or or the same month of last year.
the same month of last year, if adjustment is made
Loans and discounts of Federal reserve member
for normal seasonal variations. Measuring business banks continued to expand, while the Federal reserve
by sales in mail-order houses, November was better ratio receded to a point lower than at any time in the
than in either prior comparative period, but in the past year. Brokers' loans made by Federal reserve
case of 10-cent chain stores, the volume of business, member banks in New York City exceeded those for
though larger than a year ago, was smaller than in either the previous month or the corresponding month
October. Retail prices of food were higher than in of last year. Interest rates on call loans were lower
October, but lower than a year ago, while the general than for either prior period, while commercial interest
index of the cost of living also averaged higher than rates made similar comparisons.
in the previous month. Factory employment showed
Prices of stocks listed on the New York Stock
declines from both the previous month and the- same Exchange averaged higher than in October, being
month of last year, while factory pay rolls made similar substantially higher also than a year ago. Prices of
comparison with both prior periods. Industrial pro- corporation bonds continued to average higher as
duction showed a smaller output than in either the
compared with both prior periods.
previous month or November of last year after adMore life insurance was written than in November,
justment was made for normal working-time dif1926, while November premium collections made
ferences. The principal declines from the previous
month were registered in pig iron, steel ingots, auto- similar comparison with a year ago. The admitted
assets of life insurance companies continued to mount.
mobiles, cement, lumber, and wool fabrics.
The gross debt of the Federal Government again deThe index of unfilled steel orders, while showing an clined. More new corporate securities were issued
increase over the previous month, was lower than a than in November of last year, while municipal securyear ago. The production of bituminous coal was ities showed larger issues also than a year ago. New
smaller than in either prior period, while copper out- incorporations in November were smaller than in either
put made similar comparisons. The consumption of
the previous month or the same month a year ago.
cotton was larger than in either the previous month
Dividend and interest payments scheduled for Decemor the same month of last year.
Building contracts awarded, measured in floor ber were substantially greater than a year ago.
Imports of merchandise were smaller than in either
space, were smaller than in either the previous month or
the previous month or the same month of last year,
November, 1926. New building awards for industrial
and educational purposes, however, showed larger while exports made similar comparisons with both
floor space than in October, while awards for other prior periods. Exchanges on the principal foreign
public and semipublic buildings showed larger floor countries showed little change from October. Gold
space than a year ago. The output of most kinds of exports reached the highest point in recent years with
lumber was less than during the previous month but the single exception of January, 1925.
More business firms failed during November than
greater than a year ago. Production and shipments
during either the previous month or the corresponding
of face brick were smaller than for the previous month
but larger than a year ago, with Portland cement month of last year, but liabilities were smaller than
production and shipments making similar comparisons in October. Failures among manufacturing establishments showed smaller liabilities than in either prior
with both prior periods.
In agriculture larger marketings of animal products period,- the larger total liabilities over November, 1926,
were shown than in the previous month, but a slight of failing business firms being due to larger liabilities
decline was registered from a year ago. As compared and failures among mercantile establishments and
with a year ago, marketings of wool, hogs, eggs, fish, agents and brokers.


78941—28


2

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION
of the unadjusted index, which advanced over the
The output of raw materials in November was preceding month, a decline of about 3 per cent was
smaller than in either the previous month or Novem- shown from a 3^ear ago. The decline from last year
ber last year. In the case of mineral production, de- in the unadjusted index, as well as in the adjusted
clines were registered from both prior periods, while index, was solely due to smaller holdings of raw foodmarketings of animal products, although larger than stuffs, all other groups showing larger stocks.
SALES
in the previous month, were also smaller than a year
ago. Crop marketings were lower than in either prior
Wholesale trade, measured in value, was smaller
period, while- the output of forest products, although than in either the preceding month or November a
lower than in October, was higher than a year ago.
year ago. As compared with the preceding month,
Manufacturing output, after adjustments for work- all wholesale lines showed smaller business volume,
ing-time differences, showed declines from both the with the largest declines occurring in women's cloth PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average = 100. Adjustment has been made for the seasonal movement of stocks and relative number of working days for production. Unfilled orders are
principally those of iron, steel, and building materials. November, 1927, is latest month plotted]
I l | l 1

preceding month and November of last year. With
no adjustments for working-time differences, all industrial groups included within the index showed declines from the previous month except paper and
printing, which advanced, and chemicals and oils,
w^hich showed no change. As compared with a year
ago, manufacturing output was smaller in all groups
except foodstuffs, textiles, chemicals and oils, stone
and clay products, and tobacco, each of which increased. The largest declines from a year ago were
registered in the output of iron and steel, paper and
printing, lumber, nonferrous metals, and miscellaneous
commodities, including automobiles.
COMMODITY STOCKS

Stocks of commodities, after adjustment for seasonal variations, showed no change from the preceding
month but were 7 per cent smaller than a year ago.
As compared with the preceding month, all groups
included in the general index showed smaller stocks
except raw foodstuffs, the advance in which offset the
declines which occurred in manufactured foodstuffs,
raw materials other than foodstuffs, and manufactured
commodities other than foodstuffs. Even in the case




ing, men's clothing, meats, drugs, furniture, and dry
goods, each showing decreased volume of more than
10 per cent. Contrasted with a year ago, November
wholesale trade showed declines in all lines except
men's clothing and boots and shoes, which advanced,
and women's clothing and drugs, which showed no
change. Declines of more than 5 per cent from last
year were recorded in wholesale sales of meats, dry
goods, and furniture.
Retail trade in November, as measured by department-store sales, was higher than in October,, but
slightly lower than a year ago. Department-store
merchandise stocks were slightly higher than in October but were about 2 per cent smaller than a year ago.
Sales by mail-order houses were larger than in either
the previous month or November, 1926. Ten-cent
chain store business, while declining from the previous
month, was considerably larger than a year ago.
Other chain stores showed smaller business than in the
previous month except candy chains, which showed an
increase, and music chains, which made slight change.
Compared with a year ago, business by all chains was
larger in volume except for cigar chains and music
chains.

11
PRICES

The general index of wholesale prices showed no
change from the previous month but was 1 per cent
lower than a year ago. As compared with the previous month, declines in the prices of farm products,
fuel and lighting, and building materials counterbalanced increased prices for foods and hides and
leather. Contrasted with a year ago, increased prices
for farm products, foods, hides and leather, and textile
products were insufficient to offset declines in fuel and
lighting, metals and metal products, building materials,
chemicals, and sundry miscellaneous items.

were insufficient to offset declines in grain, fruits and
vegetables, meat animals, cotton and cottonseed. As
compared with last year, the increased prices for cotton
and cottonseed alone were responsible for the higher
level of the general index, all other groups declining
in price with the exception of fruits and vegetables,
which showed no change.
EMPLOYMENT

Factory employment in November showed declines
from both the previous month and the same month of
last year. As compared with the previous month,

WHOLESALE PRICE COMPARISONS, BY GROUPS
[1926 monthly average=100. November, 1927, is latest month plotted]

80

As reclassified, the general index of wholesale price
levels showed a decline of something less thart 1 per
cent from the previous month in raw materials, prices
for producers' and consumers' goods showing no
change. As compared with a year ago, raw material
prices were more than 3 per cent higher, but the
decline of almost 6 per cent in prices for producers'
goods was more than sufficient to offset this increase
together with a smaller advance in prices for consumers' goods.
The index of prices received by farmers for their
produce declined from the previous month but was
substantially higher than in the same month of last
year. As compared with October, increased prices
for dairy and poultry and certain unclassified items



employment in all industrial groups was lower, except
paper and printing, which advanced, and stone, clay
and glass, which showed no change. As compared
with a year ago, employment was lower in all groups
except textiles and tobacco, which showed larger
employment.
Factory pay-roll payments were also smaller than in
either prior period. All groups showed smaller payments than in October, except paper and printing,
which advanced, while as compared with last year,
pay rolls were lower in all groups except textiles,
which advanced, and paper and printing, which showed
no change. The largest declines from a year ago
occurred in iron and steel, leather, nonferrous metals,
vehicles, and stone, clay, and glass factories.

12
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

November wool receipts at Boston were slightly
smaller^than during the previous month but larger
than a year ago. Wool imports were less than for
either prior period. The consumption of wool by
textile mills was smaller than during October or
November, 1926. In most instances fewer wool machines were active and their rate of activity less than
during October or the corresponding month of last year.

less and stocks greater than for either prior period.
The amount of fine cotton goods produced during
November, on the other hand, exceeded that of
either the previous month or the corresponding
month of last year. Cotton cloth was exported in
greater quantities than for either prior period.
Raw silk was imported in considerably smaller quantities during November than during either prior period.
The consumption of silk by textile mills also declined,

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. November, 1927, is latest month plotted]

1920

nlnlnln

,,IMIMIM

,,!,,!..!,I

n U n L ,

,,!,,!><,,

1920

1921

1922

1923

1924

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

, , 1 . . ! , , ] . , ,,!,,!,, .. , , ! , , ! . , I . ,

1925

1926

1927

Cotton receipts into sight were smaller than in
either the previous month or in November of last
year. Exports of unmanufactured cotton were smaller
than for either prior period and stocks of domestic
cotton at mills and warehouses, while greater than at
the end of the previous month, were smaller than a
year ago. The world visible supply of cotton was
larger than at the end of October, but was smaller
than a year ago.
The consumption of cotton by textile mills exceeded
that of both the previous month and the corresponding month of last year, despite a decline from both
prior periods in the number of active spindles.
The cotton finishing industry showed lessened
activity, billings, new orders, and shipments being




1921

both from the previous month and from November,
1926.
Stocks of silk were less than at the end of
October, despite a slight increase in manufacturers'
holdings, but were considerably larger than a year
ago.
Silk machinery was generally more active than
during the previous month, but was uniformly less
active than a year ago. Imports of rayon were less
than in October but greater than a year ago.
Prices both of raw wool and of woolen products
showed little change from either prior period. Cotton prices uniformly declined from the previous
month, but exceeded those of the year ago. The
price of raw silk was less than for either prior period,
and that of rayon, while unchanged from October,
was less than a year ago.

13
IRON AND STEEL

With the approach of the end of the open season
on the Great Lakes shipments of iron ore from the
mines, and receipts at Lake Erie ports, declined
sharply from the previous month and were also less
than a year ago. The consumption of iron ore and
the production of pig iron also declined from both
prior periods, this being accompanied by a decline in
the number and capacity of furnaces in blast. Stocks
of iron ore were slightly less than for either prior
period.
The number of tons melted at gray iron foundries
was greater than during the previous month, but con-

new orders were greater than a year ago. New orders
for fabricated steel plates were much less than for
either the previous month or the corresponding month
of last year.
A decline both from the previous month and the
corresponding month of last year in the output of
raw copper at the mines was accompanied by declines
in the production both of smelter and of refined copper. Stocks of copper, on the other hand, were greater
than at the end of October, those of refined copper also
being greater than a year ago. The imports and consumption of tin were considerably less during November than for either prior period, while stocks in the

THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. November, 1927, is latest month plotted]
160
EXPORTS REFINED-

J—V

PRODUCTION
20

COPPER
!

[ [ I

I ll I

III

! ! I

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

[924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

siderably less than a year ago. The production, shipments, and new orders of malleable castings declined
from both prior periods. Production and shipments
of steel castings were greater than in October, but
less than a year ago. A smaller quantity of steel
ingots was produced during November than during
either comparative period. Unfilled orders of the
United States Steel Corporation continued to increase,
but were well below last year's level.
The output, shipments, and stocks of steel sheets
were less than for either the previous month or the
corresponding month of last year. New orders, however, exceeded those of either prior period, and unfilled sheet orders were greater than at the end of the
previous month. New orders and shipments of structural steel were less than during October, although



United States at the end of November also declinect
from both prior periods.
The output of zinc was less than during October or
the corresponding month of last year, ore shipmentsshowing even greater declines than in both prior
periods. Stocks of zinc, both finished and at the*
mines, were considerably larger than at the end of
either prior period, with consequent declines in price.
The output of lead was greater than in either the
previous month, or a year ago. The consumption of
Babbitt metal was less than for either prior period.
Prices of the nonferrous metals were uniformly less
than during November, 1926, zinc and tin prices also
being less than during the previous month. Copper
and lead prices, on the other hand, were slightly above
the October levels.

14
FUELS

PAPER AND PRINTING

The production, both of bituminous and of anthracite coal, was smaller than during either the previous
month or the corresponding month of last year. The
output of coke was also less than for either prior period.
Prices of bituminous coal and coke were less than for
either the previous month or November, 1926, but
anthracite coal, while slightly cheaper than a year ago,
was higher than in October.

The production of newsprint paper was slight!/
greater than in October, an increase in the output of
the United States more than offsetting a slight decline
in the Canadian production. The combined output
was slightly greater than a year ago, the large increase
in Canada more than offsetting the decline in production in the United States. Shipments of newsprint
paper, both in the United States and Canada, were
less than during the previous month and the total for
both countries less than a year ago, the increase in
Canadian shipments being insufficient to offset the

AUTOMOBILES AND RUBBER

The November output of automobiles, both passenger cars and trucks, was much smaller than for either

THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. November, 1927, is latest month plotted where data were available]

30LLLL

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1920

1921

1922

1923

1924

1925

1926

1927

CRUDE PETROLEUM
IIIIMIHIMIMIIIIM

1920

1921

LililUi

1922

I., 111,11,11,1,11,,

1923

1924

1925

1926

the previous month or the corresponding month of
last year. Exports of assembled cars and trucks, on
the other hand, were considerably larger than during
either prior period. The quantity of crude rubber imported was greater than during the previous month
but less than a year ago.
HIDES AND LEATHER
Hides were imported in larger quantities than during the previous month or a year ago. The output and
exports of sole leather, while less than in October, were
greater than a year ago. Exports of upper leather,
on the other hand, exceeded those of either prior
period. The output of oak and union harness was
greater and unfilled orders were less than for either
the previous month or the corresponding month of last
year. The production of boots and shoes in November
was considerably less than during the previous month,
but approximately the same as a year ago.



1926

I,,

1927

decline in shipments of mills in the United States.
Stocks of newsprint paper were slightly larger at the
end of November than at the end of either the previous
month or the corresponding month of last year.
New orders for sales books were less than for October
but greater than a year ago, shipments being greater
than for either prior period. The production, new
orders, shipments, and unfilled orders of boxboard
were less than for the previous month but greater than
a year ago. The output of paperboard shipping boxes,
both corrugated and solid fiber, declined from both
prior periods.
Imports of wood pulp, both mechanical and chemical, were larger than for the previous month or a year
ago. The output of mechanical pulp was greater than
in October but less than for the corresponding month
of last year, while chemical wood-pulp production was
less than for either prior period.

15
BUILDING

Contracts awarded for new buildings were smaller,
both in square footage and in value, than during either
the previous month or the corresponding month of
last year, the only increases in floor space being industrial and educational buildings in October and
other public and semipublic buildings in November,
1926. Fire losses in the United States were smaller
during November than in either the previous month
or the corresponding month of last year.

flooring were less than for either the previous month
or the corresponding month of last year.
STONE AND CLAY PRODUCTS

Production, shipments, and unfilled orders of face
brick were less than for the previous month but
greater than a year ago, stocks being greater than for
either prior period. The production and shipments of
Portland cement also declined from the previous
month but exceeded those of a year ago. Cement
stocks were greater than on October 31, but less than

THE BUILDING-MATERIAL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. November, 1927, is latest month plotted]

1920

1921

1920

192T

1922

.L-xlv

1922

1924

1925

1920

1927

1920

1921

!922

1923

1924

1925

1926

1927

1926

1927

20LU-L-i-i-i. i !_uJJ ]. L u l u L L U L L L I I I I I I n I I I I I I 1 I I I I I 1 I I I I I 1 I I I

1923

1927

LUMBER AND LUMBER PRODUCTS

The output of most kinds of lumber was less than
during the previous month but greater than a year
ago, the production of southern pine, redwood, and
walnut being larger than in October, while Douglas
fir and western pine were produced in smaller quantities than in the corresponding month of 1926. Lumber
shipments were less than for either the previous month
or the corresponding month of last year, southern
and North Carolina pine, which increased from
November, 1926, being the only exceptions. New
orders for lumber showed no uniform tendency, those
for Douglas fir being smaller and those for walnut
larger than for either prior period, while orders for
California redwood were larger than in October but
smaller than a year ago, the reverse being true of
orders for northern and southern pine. Lumber
stocks were generally greater than at the end of either
prior period. The production and shipments of



!920

1921

1922

1923

1924

1925

a year ago. New contracts for concrete pavements
also declined from the previous month but exceeded
those of November, 1926. New orders for terra cotta
were less both in tonnage and in value than in the
previous month, although the tonnage was larger
than a year ago.
CHEMICALS

Imports of nitrate of soda were greater and thoso
of potash less than for either the previous month or the
corresponding month of last year. Exports of fertilizer were slightly less than during the previous
month but greater than a year ago. Receipts of
turpentine were smaller and those of rosin greater
than during the previous month, receipts of both
turpentine and rosin being larger than a year ago.
Stocks of turpentine were slightly less than at the
end of October, but greater than a year ago, stocks of
rosin being greater than for either prior period.

16
FOODSTUFFS AND TOBACCO

The visible supply of wheat, both in the United
States and Canada, was larger than for either the
previous month or the corresponding month of last
year. Receipts, shipments, and exports were less than
in October but considerably greater than a year ago.
Grindings of wheat flour also declined from the previous month but were slightly larger than in November, 1926. The visible supply of corn was less than
for either prior period, receipts at the principal
markets showing a similar tendency. The visible
supply of oats and barley was also less than at the

month or a year ago. Cold-storage holdings of
beef were less and those of pork and mutton greater
than at the end of November, 1926. Receipts
and cold-storage holdings of butter and cheese wereless than for either the previous month or November,
1926, except butter stocks, which gained over a year
ago. Cold-storage holdings of eggs were also smaller
than at either prior period, but November receipts
exceeded those of a year ago.
Sugar meltings were much less during November
than for either the previous month or the corresponding month of last year. Sugar was imported in smaller

THE FOODSTUFFS INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. November, 1927, is latest month plotted]

1920

1921

1922

1923

1924

J925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

end of either prior period, and receipts of oats and
barley, although less than in October, were greater
than a year ago.
The visible supply of rye was considerably larger at
the end of November than a month previous, but
much smaller than a year ago. Receipts of rye were
less than in October but greater than a year ago.
Prices of grains were generally higher than for either
the previous month or the corresponding month of
last year, the only exceptions being wheat, which was
slightly lower than a year ago, and corn, which declined from October. Shipments of rice were slightly
smaller than for either the previous month or the
corresponding month of last year, exports showing a
similar tendencey.
Receipts of cattle and sheep were smaller and
those of hogs greater than during either the previous



quantities than during either prior period and stocks
at refineries were less than on either October 31, 1927,
or on November 30, 1926.
Larger quantities of coffee were imported during
November than during either the previous month or
the corresponding month of last year. The world
visible supply of coffee also exceeded that at the end
of either prior period, the supply in the United States
being larger than at the end of October, although less
than a year ago. Imports of tea were slightly less
than a year ago.
The consumption of all kinds of tobacco was less
than in October, the consumption of cigars being less
than a year ago. Exports of unmanufactured leaf
tobacco exceeded those of either prior period, whileexports of cigarettes declined.

17
TRANSPORTATION

Transportation over most of the inland waterways
declined seasonally but was greater than at this
period of last year. The tonnage of vessels cleared
in foreign trade was slightly less during November
than during either prior period, but the tonnage of
ships completed was greater. Car loadings showed
a considerable decline from a year ago, grain and
grain products being the only class loaded in larger
quantities than in November, 1926.
DISTRIBUTION MOVEMENT

Sales by the leading mail-order houses were generally larger than for either the previous month or
the corresponding month of last year. Sales by the

Federal reserve member banks in New York City also
exceeded those for the previous month or the corresponding month of last year. Interest rates on call
loans and on commercial paper were lower than for
either prior period.
More business firms failed during November than
during the previous month or the corresponding
month of last year, but liabilities of failing firms
were slightly smaller than during October. Prices
of stocks and bonds averaged higher than in either
the previous month or November, 1926.
GOLD, SILVER, AND FOREIGN EXCHANGE
Domestic receipts of gold at the mint were smaller
than during either the previous month or the corre-

BANKING AND FINANCE
[Relative numbers, monthly average 1923-1925, taken as 100. November, 1927, is latest month plotted]

1920

1923

1922

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

BUSINESS PROFITS AND LOSSES
1920

1921

1922

1923

1924

1925

1926

1927

leading 10-cent chain stores, on the other hand, fell
below the October totals, although exceeding those
of a year ago. Postal receipts exceeded those of both
prior periods, although those at the smaller cities were
slightly less than in October. Delinquent accounts
in the electrical trade were less both in number and
amount than during the previous month, although
slightly greater than a year ago.
BANKING AND FINANCE
Check payments, both in and outside New York
City, were less than during the previous month but
greater than a year ago. Loans and discounts of the
Federal reserve member banks were greater than for
either prior period. Brokers7 loans made by the
78941—28



?

1920

1921

1922

1923

1924

1925

1926

sponding month of last year. Imports of gold were
slightly greater than during November but were much
less than a year ago. Exports of gold reached the
highest point in recent years, with the single exception
of January, 1925. Production and imports of silver
were larger than for either prior period, while exports
were less. Exchanges on the principal foreign countries showed little change from the previous month ;
there being slight advances in the rates on Belgium,
Netherlands, and India, and declines in the rates on
Japan and Argentina. Compared with a year ago,
rates of exchange generally increased, only Brazilian
and Japanese exchanges declining.

18
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. Many of the index numbers
have been reworked to a comparable basis on the average of the years 1923 to 1925, while maxima and minima
are given only since 1923, except on this page, thus eliminating the abnormal period prior to 1923.
1936

PER CENT INCREASE ( + ) OR
DECREASE (—)

1927

Minimum
since
Jan. 1,
1920

September

October

180

73

148

179

165

161

165
256
155
| 122
I 273
152
193
149
131
145

156
207
126
115
245
142
167
137
113
103

165
219
141
118
238
149
189
141
110
108

158

105
41
0
0
17
78
38
57
80

220
154
101
100
148
183
138
106
101

147
238
108

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

138
314
143
177
153
245
390
192
190

80
19
58
64
54
30
21
45
94

111
48
117
75
145
79
124
141
143

117
39
130
87
136
59
157
137
145

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

246
242
254
405
346
170

49
43
58
50
12
18

172
133
180
327
213
95

136
137
164
356
149

61
59
51
20
24

138
71
142
68
135
77
54
133
152
32
166 ! 57
115
63
127
69
211
92
190
69
195
71
147
70
164 I 37

Novem- September
ber

October

November

November,
1927, from
October,
1927

j November,
| 1927, from
! November,
;
1926

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

Grand total

179

149

-16.8

-9. 7

152

135
234
105
94
51
134
184
130
93
108

-11.2
-4. 5
-7. 1
-3. 7
-70.2
-2. 2

-14.6
+ 6.4

91
184
131
168
126
105
99

245
113
101
171
137
179
133
98
102

+ 2. 8
-2.3
-5. 1
+ 2. 9

+ 0.5
-5.8
-12. 3
+ 6.9

125
47
120
95
85
49
353
115
136

109
66
97
69
126
76
123
153
149

118
51
128
81
158
59
147
158
154

124
51
114
98
84
51
310
122
145

+ 5.1
0.0
-10.9
+ 21. 0
-46.8
-13.6
+ 110. 9
-22. 8
-5. S

-0.8
+ 8.5
-5.0
+ 3.2
-1. 2
+ 4. 1
-12.2
+ 6. 1
+ 6. 6

232
135
250
399
346
137

199
108
137
202
343
142

204
213
187
289
205
135

238
193
270
369
284
166

174
133
149
152
244
148

-26. 9
-31. 1
-44.8
-58. 8
-14. 1
-10. 8

-12. 6
+ 23. 1
+ 8. 8
-24.8
-28.9
+ 4.2

120
120
81
222
95

120
119
89
209
107

113
110
108
184
107

124
120
91
286
115

119
115
109
248
106

117
110
120
251
103

-1. 7
-4.3.
+ 10. 1
+ 1.2
-2.8

+ 3.5
+ 11. 1
+ 36.4
-3. 7

135
135
114
110
132
151
94
119
187
165
180
133
147

133
133
111
112
138
148
96
125
207
162

121
121
101
113
127
137
84
123
205
144
154
128
105

125
125
117
119
110
143
103
100
199
181
165
143
106

123
123
121
118
111
138
99
100
211
180
155
142
95

111
111
108
118
104
128
81
102
208
155
139
135

-9.8
-9.8
-10.7
0.0
-6.3
-7. 2
-18.2
+ 2.0
-1. 4
-13.9
-10.3
-4. 9
-23.2

-8.3
-8.3
+ 6.9
+ 4. 4
-18. 1
-6.6
-3.6
-17. 1
+ 1.5
+ 7.6
-9.7
+ 5.5
-30. 5

MINERALS

Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*.
Copper.
Lead—
Zinc__
Gold..
Silver.

— 31. 8
-6.9
-49.0
-9.5

ANIMAL PRODUCTS (marketings)

FOREST PRODUCTS

Total-.
Lumber
Pulp wood—
Gum (rosin and turpentine)*
Distilled wood

0.0

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.




178
137
129

73

19
INDEXES OF BUSINESS—Continued
1936
Maximum
since
Jan. 1,
1923

Minimum
since
Jan. l,
1923

September

PER CENT INCREASE ( + ) OR
DECREASE (—)

1927

Octo- Novem- Septem- Octo- November
ber
ber
ber
ber

November,
1927 from
October,
1927

November,
1927 from
November,
1926

STOCKS
(Relative to 1923-25 monthly average as 100)
(Corrected for seasonal variation)

Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities

153
222
159
118
132

S4
72
71
84
73

131
164
114
109
118

134
169
135
104
116

152
222
148
94
116

146
178
141
118
131

141
154
159
106
132

141
164
158
97
130

147
197
196
132
133

77
60
64
79
74

114
121
104
116
111

130
143
162
106
112

145
174
185
93
118

125
125
130
125
123

138
130
193
108
128

157
154
157
204
142

67
62
66
53
61

82
82
79
79
90

79
77
78
74
84

79
80
86
79

70
86
65
62
67

134
119
125
128
167
188
128
118
125
129

82
86
87
' 71
43
26
68
82
88
72

117
109
125
122
148
101
126
109
116
117

111
107
123
104
105
111
113
109
125
120

97
102
112
98
61
45
104
100
112
111

156

64

112

139

250
199
192
169
160
161
163

62
64
77
82
79
70
55

113
123
138
124
110
116
108

185
118

70
81

109
132
114
114
107
112
106
111
107
110
108
110
115

0.0

+ 6.5

-7.2
-26. 1

-0.6
-8. 5
-1.5

+ 6.8
+ 3.2
+ 12. 1

141
138
196
96
133

+ 2.2
+ 6.2
+ 1.6
-11. 1
+ 3.9

-2.8
-20. 7

67
83
66
62
57

69
76
71
60
61

+3.0
-8.4
+ 7.6
-3.2
+ 7. 0

-13.7
-3.8
-11.2
-30.2
-22.8

112
102
117
114
144
95
127
108
122
118

106
102
122
99
105
87
114
105
128
114

93
100
101
89
62
45
110
98
112
102

-12.3
-2.0
-17.2
-10. 1
-41.0
-48.3
-3.5
-6.7
-12. 5
-10. 5

-4.1
-2.0
-9.8
-9.2

+ 1.6
0.0
+ 5.8
-2.0
0.0
-8. 1

142

117

147

149

+ 14

+ 4.9

138
135
150
133
117
121
120

133
130
156
128
108
123
114

125
112
173
136
105
119
106

149
114
192
151
111
124
119

142
114
190
144
105
125
118

-4.7
0.0
-1.0
-4.6
-5. 4

+ 0.8
-0.8

+ 6.8
-12.3
+ 21.8
+ 12. 5
-2. 8
+ 1.6
+3.5

104
107

125
116

124
118

103
108

119
115

123
116

+ 3.4
+ 0. 9

-0.8
-1.7

90
90
85
87
86
88
97
88
91

98
97
94
102
96
100
104
105
106

99
99
94
101
95
99
105
105
104

97
97
94
99
94
98
106
104
103

94
97
94
92
89
97
103
98
97

93
97
95
91
88
95
104
97
95

92
95
95
88
86
90
105
96
95

-1.1
-2. 1
0.0
-3.3
-2.3
-5.3

87
82
82
86

99
89
98
104

100
92
96
105

99
91
91
106

92
92
88
98

91
94
87
98

90
93
82
96

-1. 1
-1. 1
-5.7
-2.0

-5.2
-2. 1
+ 1.1
-11. 1
-9.5
-8.2
-0.9
-7.7
-7.8
-9. 1
+ 2.2
-9.9
-9.4

(Unadjusted index)

Total. _„
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities

+ 5.9
+ 3.2
+ 8.5

UNFILLED ORDERS
(Relative to 1923-25 monthly average as 100)

Total
Textiles
Iron and steel
Vehicles
Lumber

WHOLESALE TRADE
(Relative to 1923-25 monthly average as 100)

Grand total, all classes
Groceries
Meats
Dry goods
Men's clothing
Women's clothing
Boots and shoes..
Hardware
Drugs
Furniture

:.

RETAIL TRADE
(Relative to 1923-25 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
(Relative to 1923-25 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
Metal products other than iron and
steel
Tobacco products
Vehicles
Miscellaneous



+ 1.0
-1.0
0.0

20
INDEXES OF BUSINESS—Continued

Minimum
since
Jan. 1,
1923

September

Amount of pay roll, by industries:
Total, all classes
111
Food products^-.
108
Textiles
115
Iron and steel
117
Lumber
107
Leather
117
Paper and printing
114
Chemicals
114
Stone, clay, and glass
111
Metal products other than iron and steel.} 114
Tobacco products
j 111
Vehicles
| 114
Miscellaneous
| 119

85
90
78
79
88
84
94
89
84
81
81
79
86

100
99
90
104
102
101
108
107
107
97
93
98
104

135
108
108
98
122
81
79

PER CENT INCREASE ( + ) OR
DECREAiE (—)

1927

1926
Maximum
since
Jan. 1,
1923

November,
1927, from
October,
1927

November,
1927, from
November,
1926

November

September

104
101
96
108
104
101
111
109
110
102
97
101
111

101
99
92
104
102
94
112
108
107
99
96
94
108

99
96
92
95
98
109
102
98
89
95
87
98

96
99
98
91
96
92
111
102
99
90
96
90
102

93
98
94
88
94
81
112
101
97
88
95
84
97

-3.1
-1.0
-4. 1
-3.3
-2. 1
-12.0
+0 9
.
-1.0
-2.0
-2.2
-1. 1
-6.7
-4. 9

-7.9
-1.0
+ 2. 2
-15.4
-7.8
-13. 8
0.0
-6.5
-9.3
-11. 1
-1. 0
-10.6
-10.2

134
121
136
148
139
134
93

130
123
136
148
144
94
97

130
121
136
142
157
88
97

140
134
145
142
137
179
87

139
128
138
145
146
169
83

137
120
136
141
153
162
86

-1.4
-6.2
-1.4
-2.8
+ 3. 6

+ 5.4
-0.8
0.0
-0.7
-2.5
+ 84. 1
-11. 3

94
94
85
98
94
84
97
92
95
98
88

100
99
100
99
99
102
101
100
100
100
94

99
98
101
101
98
101
101
100
99
99
93

98
95
101
100
96
103
101
100
99
99
91

96
106
97
113
99
84
98
92
96

97
105
100
113
98
84
97
92
97
99
88

97
104
102
114
98
83
97
90
97
99

0.0
-1. 0
+ 2.0
+0 9
.
0. 0
-1 2
0. 0
-2. 2
0. 0
0.0
0. 0

-1. 0
+9 5
.
+ 10
.
+ 14. 0
+ 2. 1
-19. 4
-4. 0
-10. 0
-2.0
0.0
-3.3

119
150
146

129
161
153

127
160
152

126
159
150

120
158
157

119
161
156

119
161
155

0.0
0. 0
-0.6

-5.6
+ 1 3
.
+ 3. 3

105
112

85
95

99
99

100
99

100
99

101
103

102
104

103
105

+ 1.0
+ 1.0

+ 3.0

j 172
! 167
j 186
177
179
208
123
176

158
141
167
160
156
174
118
171

167
159
175
174
161
182
121
173

167
160
174
173
163
185
121
174

168
162
174
173
170
195
121
173

163
154
168
171
162
183
122
172

164
156
167
170
163
184
122
173

164
157
167
171
163
184
122
173

+ 0.6

+2.4

+ 1.2
0.0

+ 3.2
+ 4.2

0. 0
+ 4.3
+ 5.4
0.0
-0. 6

+ 4.3
+ 6.0
-0.8
0.0

October

October

November

EMPLOYMENT—Continued.
(Relative to 1923-1925 monthly average as 100)

PRICE INDEX NUMBERS

j

FARM PRICES

!

(Relative to 1909-1914 average as 100)

|

All groups
Grains
Fruits and vegetables
Meat animalsDairy and poultry
Cotton and cottonseed.
Unclassified

| 152
178
I 253
154
166
252
108

+ 4. 8
-4. 1

WHOLESALE PRICES
Department of Labor Indexes

j

(Relative to 1926)

j

All commodities
Farm products
Food, etc
Hides and leather products
Textile products
Fuel and lighting
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous
(Relative to 1913)

Classified by state of manufacture:
Producers' goods
Consumers' goods
Raw materials

! 105
! 114
! 106
113
| 114
j 112
1 113
j 116
I 104
| 111
j 127
j

j
j 150
; 169
| 169

Commercial Indexes
(Relative to 1923-1925 monthly average as 100)

|

Dun's
Bradstreet's
COST OF LIVING

+ 6.1

j

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

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




|

+ 1.2

21
INDEX OF WHOLESALE DISTRIBUTION BY LINES
(Unadjusted for seasonal variations. 1923-1925 arerage=100)

I

MONTH

B
H

I

d

i
00

|

1933

1919

92
104
122
111

115
111
99
105

95
93
92
99

111
103
89
• 105

118
123
97
79

103
114
100

99
110

101
117
100

109

104

102

97

103

64
111
132
100

97
146
188
90

95
90
130
104

84
110
110

90
91
93
123

55
80
169

40
26
70
162

116
102
83
114

90

128
122
98
74

137
80
43

147
187
93
61

94

103

!
j
I
!

84
82
96
97

99
84
97
105

68
65
70
77

73
84
77
66

63
104
149
90

84
91
118
141

76
73
86
91

93
96
114
97

May
June
July
August

!
|
I
|

96
99
116
126

115
115
132
118

85
99
116
128

61
53
60
92

35
27
78
153

122
115
127
168

94
99
102
103

94
92
92
115

106
98
105

September
October
November
December

j
j
|
I

135
139
124
123

130
136
142
142

123
128
117
126

97
102
87
80

151
134
81
50

217
221
143
128

109
119
106
112

115
123
100
82

108
118
110
92

108
108

i

110

118

100

78

93

140

96

101

100

145

99
92
104

109
103
117
92

January
February
March
April

Monthly av

1

§

1920

1924

I

January
February
March
April

\
j
!
!

122
112
142
121

130
104
134
132

149
125
138
115

85
94
134
123

105
133
178
63 |

125
137
206
163

107
102
133
126

May
June
July

|
!

August

115
112
116

i 125

142
146
142
118

96
11
0
117
129

121
84
79
152

29
23
69
142

135
101
101
138

September
October
November
December

' 126
| 109
j 93
j 75

126
122
117
95

107
78
65
61

177
122
69
37

153
123
79
42

129
104
87
74

123
114 |
102 i

i 114

126

107

106

95

125

116

96
93
95
95

95
90
88
87

107
109
94
83

72
115
125
105

89
132
154
117

83
68
111
121

92
91
101
102

100
94
101
100

108
95

87
82
86
105

96
98
99
99

91
91
97
100

77
73
85
118

58
48
73
148

50
29
36
130

101
88
74
80

100
92
91
94

95
91
98
96

90
75
72
91

118
118
97

102
111
100
99

126
111
96
81

156
134
83
57

161
147
70
53

126
128
112
82

103
107
93
95

103
111
98
99

110
111
95

80

111
119
106
99

95

101

96

97

98

97

98

97

99

93

128
130
121
122

]

Monthly av

121

I

87 I

106
106
88

1921
January
February
March
April

83
98

94
98
102
96

90
107
93

1925

76
83
103
86

37
61
93
75

78
118
164
68

61
77
130
105

72
71
92
91

84
80
94
87

93
97
L9
0
98

95
88
95
90

106
100
106
100

93
101
104
89

73
125
137
105

90
127
164
105

82
79
116
116

91
91
104
103

102
93
109
105

112
105

89
94
93
99

78
78
85
84

82
87
79
104

61
57
53
94

32
19
51
133

95
99
80
109

83
85
72
78

82
84
80
89

90
91
94
113

92
98
100
99

110
116
114
113

84
88
92
123

68
57
88
167

51
36
60
127

95
92
71
117

99
101
99
99

96
96
98
99

90
88
109

98
101
94
83

85
89
68
66

113
107
85
69

100
115
80
40

112
120
83
34

119
122
111
74

82
87
78
69

90
94
83
79

117
124
99
89

110
117
106
99

118
123
106
105

123
126
98
80

155
135
75
56

112
142
55
53

111
125
100
72

107
118
100
100

116
126
108
103

122
129
109
101

87

Monthly av

77
88
109
91

99
102
86
69

September
October
November
December

87
82
76
77

80
81
78
97

May
June
July
August

87
87
103
89

93

80

91

72

84

99

80

86

101

99

110

100

103

94

98

101

104

1926
January...
February..
March
April
May
June
July
August

September
October
November
December

78
74
92
79

70
72
75
73

82
79
87
75

51
76
96
98

54
112
159
70

72
78
109
97

61
61
82
86

82
81
95
81

94
97
107
94

91
85
97
94

117
109
109
110

91
99
100
80

79
132
138
89

74
99
131
68

92
88
108
99

92
92
106
100

105
97
121
111

94
100
111

82
84
79
101

90
100
91
98

86
88
89
85

79
82
76
108

67
51
54
117

28
21
47
128

89
87
75
107

94
95
84
94

85
86
81
90

91
91
91
107

94
102
99
98

118
120
112
116

85
81
83
117

57
47
75
163

43
34
28
62

100
91
95
119

103
102
98
100

98
99
100
103

95
87
86
104

107
i 110
| 98
83

101
108
106
95

90
99
83
84

113
111
100
80

122
105
79
48

148
162
102
46

122
120
107
99

97
101
95
86

91
96
90
86

110
103
95

117
111
97
84

109
107
102
94

125
123
112
106

122
104
98
71

148
105
61
44

101
111
45
42

126
113
104
76

109
109
100
93

116
125
112
100

117
120
111
94

93

83

89

80

90

97

86

87

87

98

98

115

94

95

70

101

100

107

101

|
..

Monthly av

i Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of 362 firms on groceries, 61 meat-packing companies on meats, 146firmson
<iry goods, 13firmson men's clothing and 40 firms on women's clothing (both classes for the New York district alone), 89 wholesale dealers and manufacturers, 186 firms
on hardware, 92firmson drugs, and 87 wholesalers and manufacturers on furniture, a total of 1,076 firms. Prior to 1923, fewer firms reported but these differences are taken
•care of in the construction of the index as-percentages of the sales of identical firms between the given month and the base period (1923 to 1925). The various lines are
weighted in accordance with the manufactured value of the respective lines according to the censuses of manufactures of 1923 and 1925. A complete description of the construction of this index, including seasonal variations, is presented in the Federal Reserve Bulletin for December, 1927, p. 817.




22
REVISED INDEX OF UNFILLED ORDERS
The Department of Commerce has revised its index numbers
of unfilled orders by changing the base period from 1920 to the
average of the years 1923 to 1925, which are closer to present
conditions. The base period agrees with that now used in the
SURVEY OF CURRENT BUSINESS for the monthly

business

indicators, as well as with other recent index numbers, such as
those of the Federal Reserve Board. This revision also permits
the inclusion of data on several additional commodities which
were not available in 1920. The index has been computed
monthly back to 1920.
The revised index contains 17 commodities, as against 8 included in the old index, and is therefore more representative,
especially of the textile industry, which was not included in the
old index. While this index is still much less complete than the
index of manufacturing production, this is largely due to the
nonexistence of unfilled orders in certain industries, particularly
in foodstuffs. Leather, rubber, and chemicals are also unrepresented.
The new index has been compiled in the same manner as the
old index, by computing relative numbers for each commodity
series, using the monthly average for the years 1923 to 1925 as
100. These relatives are weighted in accordance with their
importance, ascertained by averaging the value added by the
process of manufacture at the censuses of 1923 and 1925.
The figures represent unfilled orders on the books of manufacturers at the end of the months in question and each unit
of weighting represents approximately an average value added
in manufacture of $20,000,000.
The sources of the original data are as follows:
TEXTILES

Cottonfinishing.—Consistsof the unfilled orders, stated in days'
production, of members of the National Association of Finishers of Cotton Fabrics.
Hosiery.—Compiled by the United States Department of
Commerce, Bureau of the Census, from reports of 261
manufacturers. No figures are available prior to 1923.
Knit underwear.—Compiled by the United States Department
of Commerce, Bureau of the Census, from reports of 150
manufacturers, comprising about 60 per cent of the industry,
for the period beginning with September, 1924. Previous to
that date reports secured by the Associated Knit Underwear
Manufacturers of America, covering a much smaller proportion of the industry, have been prorated to 60 per cent of the
industry to compare with the later data.
Pyroxylin-coated textiles.—Compiled by the United States
Department of Commerce, Bureau of the Census, from 12
manufacturers of pyroxylin-coated textiles (artificial leather)
representing about 50 per cent of the industry in 1925.
No figures are available prior to 1923.
IRON AND STEEL

Pig iron.—Compiled by the American Pig Iron Association
from reports of merchant iron furnaces.
Steel.—A total of the unfilled orders of the United States Steel
Corporation, reduced to short tons, and of those of the independent sheet-steel manufacturers, as compiled by the
National Association of Sheet and Tin Plate Manufacturers.

Enamel ware.—Consists of the unfilled orders of enameled
sanitary ware (baths, lavatories, sinks,, etc.) as reported by the
United Stated Department of Commerce, Bureau of the
Census, from January, 1922, and prior thereto by the Enameled Sanitary Warp Manufacturers' Association, comprising
almost the entire industry. No figures are available prior
to May, 1921.
VEHICLES

Freight cars.—Compiled by the American Railway Association
from reports of the railroads of their unfilled orders to manufacturers, beginning with January, 1924. For 1923 the data
are from reports of car manufacturers to the Interstate
Commerce Commission, which agree closely with the railroad
figures in the overlapping months of 1924 and 1925. No
figures are available previous to 1923.
Ships.—Consisting of the merchant vessels under construction
at the end of the month, as compiled by the United States
Department of Commerce, Bureau of Navigation.
Locomotives.—Compiled by the United States Department of
Commerce, Bureau of the Census, from reports of the principal
manufacturers of railroad locomotives, both steam and
electric.
LUMBER

Flooring.—A total of the data on oak flooring, compiled by the
Oak Flooring Manufacturers' Association, and on maple
flooring, compiled by the Maple Flooring Manufacturers'
Association.
Furniture.—Consists of the unfilled orders, stated in days'
production, of representative furniture manufacturers of the
Grand Rapids district, as reported by Seidman & Seidman.
No figures are available prior to 1923, the first five months of
that year being estimated to secure complete data for the
base period.
PAPER

Boxboard.—Compiled by the United States Department of
Commerce, Bureau of the Census, from reports of most of the
boxboard industry.
BRICK AND GLASS

Common brick.—Compiled by the Common Brick Manufacturers' Association from about 30 per cent of the industry.
No figures are available prior to 1921.
Face brick.—Compiled by the American Face Brick Association,
as averages per plant.
Paving brick.—Compiled by the Paving Brick Manufacturers'
Association from reports covering about two-thirds of the
industry. No figures are available prior to 1923, the first
two months of that year being estimated to provide complete
data for the base period.
Illuminating glassware.—Compiled by the Illuminating Glassware Guild from reports, given in number of weeks' supply, of
firms representing about 75 per cent of the industry. No
data are available prior to 1923.

WEIGHTINGS OF THE VARIOUS COMMODITIES

Textiles:
Cotton
finishing.
Hosiery
Knit underwear
Pyroxylin-coated textiles
Group total
Iron and steel:
Pig iron
Steel
Enamel ware (sanitary)




Group total

9
9
4
1
23
8
56
4
68

Vehicles:
Freight cars
Ships
Locomotives

6
6
3

Group total

Lumber:
Flooring
Furniture

Group total

15
.

15
14
29

Paper:
Boxboard, group total

3

Brick and glass:
Common brick
Face brick
Paving brick
Illuminating glassware

3
1
J
2

Group total
Grand total

7
143

23
UNFILLED ORDERS
[Relative to monthly average 1933-1935=100]

Total

MONTH

Textiles

Iron
and
steel

Vehicles

Lumber

Paper

Brick
and
glass

Total

Iron
and
steel

Textiles

314
381
501
570

115
115
106
91

121
156
166
180

101
104
97
89

101
102
89
89

105
106
101
88

60
97
97
99

114
108
92
80

117
108
102
77

86
87
105
116

_

_ -

244
243
243
233

562
540
550
510

79
64
48
38

178
150
127
105

79
75
76
78

78
66
62
66

75
69
67
69

95
98
85
75

72
72
93
99

72
90
110
129

120
114
105
94

196
181
162
147

72
47
44
46

219
202
181
161

510
492
454
423

31
24
18
15

64
58
40
35

80
78
91
97

73
78
90
93

72
72
89
104

82
78
81
89

97
89
102
95

108
92
100
113

88
81
80
68

210

.

143
94

74

220

484

62

115

87

82

85

86

93

101

95

1925

1921
January
February
March
April

139
128
117
111

-- _
_

September
October
_
November
December
_ __

_
_

Monthly average

_ _
_

--

97
91
106
111

149
137
125
117

382
349
285
245

14
16
16
22

34
36
37
43

106
104
95
88

104
104
102
94

106
107
98
89

95
87
86
91

116
109
89
79

118
105
95
84

81
88
99
98

101
05
92
88

.
»

May .
June
July
August

95
103
103
107

105
97
92
88

222
199
195
168

30
33
30
32

40
32
45
51

84
83
83
84

89
89
86
88

83
80
77
77

71
65
58
53

85
92
101
107

88
95
117
125

102
103
94
93

90
88
86
73

136
127
123
104

90
84
82
81

139
126
119
104

32
55
60
54

45
51
52
45

86
90
94
98

93
95
95
84

82
91
98
104

55
62
70
95

104
96
100
100

115
108
108
111

85
88
71
76

101

109

104

211

33

43

91

94

91

74

98

106

90

1926

1922
70
79
86
100

September
October
November
D ecember
Monthly average

88
79
88
102

52
51
62
81

47
54
65
82

111
116
112
111

109
116
117
117

98
102
111
130

102
101
95
93

90
99
98
90

145
166
165
149

128
130
128
134

148
154
156
154

91
85
87
99

83
80

107

_
-._

81
79
89
105

125
128
127
130

__

109
117
102
97

107
112
112
113

__ _

May .
June
July
August

125

111

118

83

:

::

102
96
96
88

99
92
88
77

106
96
97
95

116
110
99
85

124
110
107
93

72
71
78
81

79
79
84 '
82

83
77
80
79

72
74
78
76

91
81
86
83

85
88
95
96

86
113
126
114

81
83
83
77

82
79 ;
80

82
77
79
70

79
78
80
81

79
74
86
87

90
84
79
68

105
96
71
89

75
68
71
74

85

84

81

88

91

103

76

103
96
92
83

69
78

1927

1923
January.
February
March
April

Brick
and
glass

248
242
227
'210

Monthly average

January
February
March
April

Paper

215
227
231
236

207
223
236
244

MayJune
July
August
September
October
November
December

Lumber

1924

1920
Januarv
February
March
April

Vehicles

_

May . .
June
July
August

-

.. _
.

September
October
November - «
December
Monthly average




143
149
157
149

_
-

- _

154
151
153
150

140
151
159
154

190
191
204
193

132
137
142
125

106
100
91
85

95
105
141
139

83
82
81
77

85
91
89
88

80
76
76
73

91
91
86
74

83
80
79
76

109
105
118
105

72
77
88
87

135
123
113
105

124
107
98
100

144
131
119
108

162
153
138
118

117
104
99
89

78
86
96
108

132
133
121
120

74
72
72
72

88
86
85
85

64
63
65
66

73
69
72
66

86
81
74
72

96
98
119
116

78
76
72
74

105
95
94
93

125
109
113
107

101
93
95
97

104
89
74
65

95
89
88
90

95
82
93
98

116
103
91
86

70
67
69

85
83
76

65
66
71

62
62
60

67
63
61

124
109
79

73
60
62

122

124

124

140

109

93

115

1

24
INDEXES OF MARKET VALUES OF COMMON STOCKS
(Averages of weekly indexes.
1918

1919

1920

Average 1917-1921=100)
1921

1922

1923

1924

1925

1926

1927

MONTH

TOBACCO STOCKS
71.7
76.7
76.1
76.3

.

September
October
November
December
Monthly average.

83.5
84.9
84.9

90.7
91.6
92.4
95.2

106.7
111.5
109.7
106.6

112.1
110.1
105.4
102.5

I
I
i
j

124.2
123.8
120.7
121.6

99.5
104.9
113.7
110.6

90,2
89.6
87.6
80.2

87.2
84.4
84.4
84.5

96.6
97.8
98.4
104.7

103.0
100.7
99.5
102.0

102.5 !
105.6 !
110.7 I
113.8 |

115.0
126.0
109.9
108.7

87.1
90.5
82.4
77.9

88.2
86.4
86.5
90.9

113.5
113.8
105.1
108.6

103.7
106.1
106.7
111.7

116.2
117.1
118.0
122.2

79. <

I.

108.5
95.9
98.4
97.4

78.2
84.2
86.6
89.3

May
June.
July
August

93.7
94.5
96.3
95.6

78.9
80.1
81.0
79.2

January
February
March
April

105.7

90.5

85.8

100.7

105.7

167.8
167.3
170.2
172.7

125.3
127.5
131.1
132.4

ieo.1
161.2
153.4
151.4
153.5
156.3
159.5
1C0.3

144.8
151.1
154.4
156.5

164.4
162.0
165.7
168.3

205.9
208.7

111.4

134.5

159.7

I

183. 5
190.3
196.0
199.6

TOTAL, 228 STOCKS
January
February
March
April

82.6
84.8
82.9
82.2

89.5
99.0
92.4
95.7

101.8
93.4
100.2
99.3

81.9
81.3
79.1
79.8

84.2
86.1
89.4
94.8

102.4
107.2
108.8
104.9

102.0
102.3
100.4
98.2

122.0
123.2
119.9
118.8

145.5
145.7
136.7
133.8

153.5
156. 9
159.0
162.5

May
June
July
..
August
**. September
October
November
December

84.6
85.0
85.6
86.4

102.1
105.4
108.5
101.5

93.2
91.6
91.3
87.7

82.1
75.4
75.4
74.3

98.4
97.0
98.1
101.8

99.8
96.2
93.1
93.4

97.8
99.5
104.2
107.9

122.4
124.7
128.1
129.9

135.1
141.0
145.7
151.3

167.5
168.5
171.6
179.3

86.1
89.3
91.6
90.0

102.7
109.1
106.0
102.3

90.8
91.1
86.3
78.4

76.1
77.2
81 4
84.3

104.6
106.8
101.5
101.3

94.1
92.7
95.5
98.8

106.8
105.4
111.3
117.2

132.9
137.1
141.6
143.9

152.5
148.0
150.2
154.0

187.7
186.3

85.9

100.4

92.1

79.0

97.0

98.9

104.4

128.7

145.0

Monthly average.

TOTAL, 197 INDUSTRIAL STOCKS
i_

January.
February
March
April

82.3
84.7
82.4
81.9

88.0
93.5
98.3

107.3
107.4

82.1
81.5
79.7 •
81.4

85.7
87.5
90.8
96.4

106. 2
110.9
113.5
109.1

106.7
107.2
104.4
100.9

125.8
127.5
123.9
123.4

153.8
154.9
144.0
139.9

160.2
163.0
165.6
168.7

May
June
July
August

84.5
84.6
85.5
85.8

105.2
109.7
114. 6
107.7

100.0
97.9
96.8
90.7

83.6
75.7
74.6
72.8

101.0
100.0
99.8
102.7

102.8
98.1
94.9
95.8

100.1
101.8
108.2
110.3

127.8
131. 0
135.0
136.0

141.1
147.4
152.8
159.5

174.6
175.4
178.9
189.0

September
October
November
December

85.1
84.6
90.7
89.3

110.
118.
114.
111.

8
2
•
5

93.2
91.6
86.0
77.8

74.7
76.8
82.1
85.8

106.2
108.7
103.8
104.4

96. 5
94.9
98. 3
103.0

109. 3
108.0
113.4
119.7

139.8
145.8 I
150.4 I
151. 6

159. 8
155.5
157.5
161.8

200.4
197.5

9 o.6

79.2

98.9

102.0

107.

134.8

152.3

90.5
91.3
90.8
91.5

112.6
112.9
110.3
107.7

125.5
123.5
119.4
118.5

136.9
142.1
143.1
147. 4

Monthly aver;

85.1

TOTAL, 3 1 RAILROAD STOCKS

90.1

81.4
77.8
83.1
80.2

81.7
80.9
77.7
75.3

80.6
82.7
85.8
90.3

93.6 |
97.4
97.0 !
94.9

94.9
94.8
87.1

76.9
76.3
78.0
80.6

78.7
74.8
76.9
78.1

92.1
90.7
94.2
99.5

92.4
91.9
88.5
87.7

92.4
94.4
99.5
102.1

109.6
109.9
111.0
114.3

120.6
125.5
128.1
131.4

150.5
151.9
153.9
156. 0

88.4
91.2
94.5
91.8

86.6 I
87.8 i
85. 6 !
81.8 !

85.1
89.7
86.9
79.6

78.3
79.8
80.3

88.2 j
87.3 !
89.0 i
88.7 i

100.8
99.3
108.4
111.3

115.8
116.2
120.0
125.4

134.6
129.6
132.4
135.3

.157.1
159. 3

87.3

.9.4

81.3

78.5

97.7

113.8

127.0

January
February
March
April

83.7
85.0
84.9
82.7

May
June
July.....
August

85.5
85.9
85.9
88.0

September
October.
November
December.

__
•

Monthly average

100.7
102.1

92.4

1

91.4

Compiled b y Standard Statistic Co. (inc.). The indexes are weighted b y the number of shares of each stock outstanding, the Saturday market closing prices or the
last previous sale price being used. Weekly indexes have been averaged to give monthly data. For tobacco, 7 stocks are included. Similar data for other groups were
published in the October, 1927, SURVEY ( N O . 74), p p . 21 and 22, and in the November, 1927, SURVEY ( N O . 75), p. 23.




25

INDEXES OF HIGH-GRADE BOND YIELDS1
[Per cent]
1909

1914

1910

1915

1916 ! 1917

1918

1919

mo

1921

1922

1923

1924

1925

1926

MONTH

15 INDUSTRIAL BONDS
January...
February.
March
April

5.02
5.01
5.03
5.00

4.86i
4.87
4.88"
4.90.'

4.86
4.92
4.90
4.94

5.48
5.38
5.42
5.47

5.38
5.35
5.34
5.37

5.55
5.66
5.73
5.89

6.11
6.03
6.06
6.06

5.431

5.15
5.21
5! 33^ 5.28
5.32

5.25
5.27
5.29
5.30

5.14
5.10
5.12
5.08

4.95
4.94
4.94
4.92

May
June
July.....
August..

5.00
5.02
4.99
4.96

4.90
4.91
4.92
4.92

4.99
5.02
5.03
5.06

5.44
5.47
5.47
5.52

5.33
5.33
5.31
5.40

6.08
6.22
6.24
6.21

6.01
6.11
6.09
6.02

5.22
5.20
5.14
5.11

5.28
5.29
5.30
5.27

5.27
5.23
5.19
5.16

5.03
5.02
5.05
5.09

4.90
4.89
4.92
4.90

September.
October
November.
December. .

4.96
4.92
4.86
4.87

4.88"
4.85
4.86
4.88

5.18
5.25
5.39
5.49

5.54
5.51
5.37
5.35

5.43
5.45
5.50
5.55

6.15
6.03
6.09
6.23

5.97
5.89
5.67
5.55

5.05
5.06
5.16
5.16

5.25
5.27
5.25
5.26

5.17
5.15
5.14
5.13

5.06
5.03
5.02
5.00

4.91
4.91
4.87
4.87

4.97

4.89

5.09

5.45

5.40

6.01

5.96

5.21

5.26

5.21

5.06

4.91

Monthly average..

2

4.76

4. 93

15 RAILROAD BONDS
January...
February.
March
April

4.06
4.03
4.04
4.03

4.09
4.11
4.12
4.16

4.15
4.16
4.19
4.17

4.17
4.15
4.17
4.18

4.25
4.26
4.33
4.39

May
June
July....
August..

4.03
4.05
4.05
4.05

4.18
4.19
4.21
4.21

4.15
4.17
4.17
4.18 !

4.19
4.20
4.21
4.23

September.
October
November.
December-

4.08
4.10
4.11
4.11

4.17
4.14
4.17
4.17

4.20 ' 4.27
4.18 4. 25
4.16 4.25
4.17 4.25

4.06

4.16 I 4.17

Monthly average..

4.21

4.43
4.37
4.37
4.41

4.62
4.63
4.65
4.59

4.47
4.47
4.48
4.51

4.35
4.42
4.47
4.60

5.14
5.16
5.22
5.28

5.06
5.11
5.14
5.21

5.49
5.72
5.71
5.90

5.56
5.58
5.69
5.71

5.03
5.01
4.96
4.85

4.90
4.93
5.07
5.06

4.90
4.91
4.90
4.88

4.73 4.59
4.72 ! 4.56
4.71 4.55
4. 64 4. 52

4. 45 4. 41
4.51 4.40
4.49 I 4.45
4.44
(2)

4.61
4.67
4.72
4.75

4.53
4.52
4.53
4.54

4.72
4.76
4.79
4.83

5.24
5.30
5.30
5.32

5.16
5.20
5.28
5.44

6.11
6.08
6.07
5.87

5.74
5.89
5.74
5.61

4.83
4.84
4.73
4.65

4.99
5.00
5.00
4.95

4.81
4.74
4.66
4.72

4. 59
4.59
4.65 !
4.71 i

4.41
4. 45
4.52
4.54

4.79
4. 66
4. *8
4.48

4.52
4.46
4.42
4.42 I

4.99
5.07
5.19
5.28

5.36
5.23
4.89
4.98

5.46
5.33
5. 52
5.57

5. 68
r
>. 49
0.57
5.79

5.53
5.50
5.22
5.09

4.69
4.80
4.88
4.88

5.00
5.01
4.94
4.94

4.70
4.68
4.69
4.74

4.67 I 4.51
4.69 4.51
4.66 4.44
4.63 4.43

4.46 ' 4.64 4.49 j 4.79
i
I
i

5.20

5.29

5.79

5.57

4.85

4. 98

4. 78

4.67

4.51

4.42

()
4.60
4.71
2

4.48
4.50
4.53
4.52

15 PUBLIC UTILITY BONDS
January
February
March
April
May
June
July
August

4.71
4.73
4.72
4.72

_.

September
October
November
December
Monthly average.

4 87
4 87
4 85

4.79
4.81
4.82
4.87

4.74
4.75
4.76
4.76

4.76
4.75
4.77
4.77

4.83
4. 83
4. 79
4. 89
4.81 I 4.88
(2) I 4.88

4.71
4.70
4.72
4.71

___

4. 69 4.79 4. 77 4.83
4. 72 4. 80 4. 75 4.86
4.74 4.81 4.75 I 4.87
4.76
4.79 4.77 I 4.89

4.84
4.85
4.85
4.81

4.79
4.78
4.78
4.78

4.78 ! 4.95
4.78 I 4.97
4. 82 4. 99
4. 83 5.02

4.92
4.95
5.00
4.99

4.96

4.91
4.90
4.89
4.88

4.90
4.88
4.86
4.84

2
4.78 ; 4.94 4. 87

4.73 I 4.80 4.78

4.80
4.79
4.79
4.79 ;

4.75
4.80
4.83
4.89

5.60
5.62
5.63
5.79

5.69
5.63
5.71
5.71

6.42
6.56
6.55
6.62

6.87
6.77
6.77
6.72

5.80
5.68
5.62
5.59

5.24
5.30
5.38
5.42

5.32
5.31
5.32
5.32

5.14
5.13
5.12
5.09

4.99
4.95
4.96
4.93

4.80
4.79
4.80
4.81

•
i
!
!

5.02
5.04
5.11
5.18

5.75
5.80
5.88
5.90

5.72
5.69
5.77
5.91

6.79
6.87
6.88
6.86

6.76
6.74
6.70
6.50

5.52
5.50
5.39
5.31

5.44
5.40
5.42
5.39

5.28
5.20
5.17
5.17

5.05
5.02
5.01
5.04

4.87
4.86
4.88
4.89

4.80
4.78
4.77
4.78 i

5.28
5.35
5.38
5.48

5.97
5.91
5.68
5.63

5.93
5.90
6.07
6.33

6.76
6.65
6.76
6.98

6.40
6.28
6.18
5.99

5.24
5.27
5.35
5.27

5.48
4.46
5.51
5.49

5.18
5.15 i
5.13 j
5.14 !

5. 02 4.90
5.03 4.87
5.05 4.95
5.01 4.84

4.79 j 5.09

4. 79
4. 76
4.76 I
4.72 !

5.76

5.84

6.73

6.56

5.46

5.41

5.22 ! 5.06 4.90

15 MUNICIPAL BONDS
January__
February
March
April

3.75
3.73
3.72
3.74

3.87
3.88
3.91
3.93

i
!
|
:

3.99
3.99
3.98
3.97

May
June
July
August

3.75 3.97
3.77 3.99
3.78 j 4.04
3.80 4.03

,
!
i
!

3.96
3.96
3.97
3.97

September
October
November
December

4.09
4.08
4.12
4.16

4.17
4.17
4.11
4.10

4.15
4.14
4.13
4.14

3.99
3.96
3.95
3.96

3.82
3.90
3.94
4.08

4.52
4.48
4.54
4.59

4.43
4.46
4.53
4.52

4.53
4.62
4.62
4.83

5.05
5.12
5.11
5.12

4.43
4.43
4.37
4.20

4.13
4.12
4.15
4.18

4.31
4.31
4.31
4.30

4.10
4.08
4.07
4.05

4.10
4.09
4.09
4.07

4.01
4.02
4.01
4.01

4.20
4.25
4.35
4.32

4.10
4.09
4.10

3.97
3.97
3.97
3.96

4.15
4.26
4.29
4.32

4.58
4.52
4.47
4.51

4.47
4.44
4.44
4.45

5.03 I

(2)

4.22
4.21
4.23
4.23

5.23
5.25
5.28 !

5.12
5.27
5.34
5.25

4.17
4.18
4.21
4.18

4.20
4.21
4.31
4.33

4.23
4.19
4.16
4.15

4.02
4.01
4.06
4.03

4.06
4.06
4.06
4.04

4.03
4.04
4.08
4.09

4.36
4.30
4.21
4.23

(2)
(2)
(2)
(2)

4.19
4.18
4.08
4.02

3.95
3.90
3.85
3.84

4.38
4.35
4.44
4.51

4.53
4.53
4.37
4.36

4.44
4.45
4.45
4.47

5.22
5.06
5.02
5.10

5.14
5.07
4.93
4.52

4.11
4.14
4.20
4.15

4.36
4.34
4.32
4.35

4.08
4.10
4.09
4.12

4.12
4.15
4.22
4.13

4.08
4.09
4.09
4.07

3.78 i 3.97 ! 3.98 ! 4.02

__

4.00
4.01

4.22

4.12

4.16

3.94

4.50

4.46

4-. 98

5.09

4.23

4.25

4.20

4 ,J

4.C

3.79
3.82
3.83
3.85

Monthly average.

2

j
!
j
!

4.02 i 4.00
4.00 4.00
3.97 4.01
4.01 i 4.00

!
1

4.00

i

2

i

Compiled by Standard Statistics Co. (Inc.).
No data available, stock exchange closed. Monthly average for year based upon reported data only.

78941—28




4

26
CANADIAN FOREIGN TRADE
(Thousands of dollars)
IMPORTS
MONTH

1909
January...
February.
March
April

$22,587
23,125
33,763
22,532

May
June
July....
August.

28,061
31,242
29,957
30,241

September.
October
November.
December..

30,340
30,415
33,479
30, 775
346, 517
28,876

Total
Monthly average..

1919

January.^.
February.
March
April

$73,814
64,400
71,857
54,255 j

May
June
July.--.
August..

71,345
75,015
84,281
81,357

September _
October
November.
December..

$103,579
87,497
142, 509
98,291

85,506
91,910
92,718
94!, 553

Total-...
Monthly av<

941,011
78, 418

EXPORTS
1909

1911

$15,986
14,839
19,193
12,355

$21,397 i
15,721 I
22,979 j
14,870

$17,769
15,627
21,286
11,551

16,282
24,229
26,031 I
24,791 j

20,207
26,106
24,614
24,068

21,605
25,454
26,202
28,826

25,984
30,720 i
37,552 !
40,724 |

25,366 !
33,509 !
37,340
29,236

26,268 !
31,461 1
38,850 !
31,668

24,057 I

April
:

295,413 !
24,618 |
1930

1914

1915

1916

'
!
•
!
I

$25.887
21, 202
27, 762
18,415

$29,967
30,122
47,889 I
31,277

$85,447
58, 763
89,580
55,901

$102,552
71,479
126,525
66,941

$99, 746
89, 765
103,719
72,148

30,182 I
34,716 I
38,034
37,338 !

32,891
30,611
50,315
44,060

43,521
47,359 :
48,507 I
48,998

95,828
98,126
106,555
98,321

152,290
120,011
180,217
152,563

81,430
110,748
104,885
92,803

28,177
39,128
45,791
39,657

40,872 ;
60,482 i
59,079 ;
56,960

40,544
51,536 !
46,242 I
38,848

53, 716
84,102 ;
94,436 I
93,595 I

115,477
159,884
194,668
150,887

140,495
130,090
124,043
93,856

296,567 i
24,714 j

362,965
30,247

460,519
38,377 I

428,313
35,693

653,489 ' 1,112,444
92, 704
54,457 !

1,593.494
132,791

1,243,728
103,644

1921

1923

1923

1924

1925

1926

1927

$121,517 I
90,357 j
98,219 j
55,870 |

$81,934 !
66,315 !
69,468 !
44,076

$47,098
47,004
60,847
32,652

$65,635 i
58,646
77,787 i
54,328 |

$70,355
68,332
93,615
49,518

$75,999
71,164
95,888
60, 709

$85, 716
88,931
114,007
60,915

$85,266 !
79,803
107,218 !
78,404 I

96,467 i
91,392
118,759 !
120,789 !

January
February
March
May
June
July
August

1910

1913

80,418
108,495 i
106,911
113,767 i

60, 734
59,692
56,440
62, 363

70,459
73,107
71,821
74,486

76,049
96,238
84,478
81,330

105,311 |
88,328
88,221
74,822 I

97,475
94,319
103,280
112,414

93,081
119,399
111,595
91,663

111,298
107,201
80,771
95,955

108,119!
113,089
122,996
137,681

96,404
131,147 !
148,748 ;
150,950

59, 590
81,256
87,640
87,186

72,934
103,905
131,826
112,038

68,818
101,300
139,005
124,916

82,456
104,316
119,876
125,462

109, 574
144,520
141,359
176,399

93,327
131,489
154,009
139,808

99,335
105,821 '

1,070, 612
89,218

1, 283,100
106,925

1913
': $20,287 I
19,562 !
I
25,982 |
|
14,240 |
|
I
\
34,161 I
!
31,718
33,159 I
31,103 j
!

$20,211
23,771
35,952
22,922

1917

1918

i

September
October
November.
December
Total-M o n t h l y average.

1919
January
February
March
April.

$125,335
86,093 i
106,837
67,273 I

_

May
June
July
August
September
October
November
December

_

Total...
M o n t h l y average..

__

1,294,830 1,302,803
107,903 i 108,567

816, 694
68,058

I
i
i
j
I

i Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, revising previous data.




92,271 !
87,316 j
111,802 !
132,534 i

1,283,940 I
106,995

1928

!
j
j
!

27
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, 1927), in which monthly figures for 1926 and 1927 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.
PER CENT INCREASE ( + ) OR
DECREASE (—)

1937
The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

Septem- October November
ber

August

October

November

Nov.,
1927,
from
Oct.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase
(

t>

or decrease

Nov.,

(-)

1927,
from
Nov.,
1926

1936

inn

cumulative
1927
from
1926

TEXTILES
Wool

Receipts at Boston:
Total
_
thous. of lbs..
Domestic
thous. of lbs..
Foreign
thous. of lbs..
Imports:
In condition imported
thous. of lbs..
Grease equivalent
thous. of lbs..
Consumption by textile mills,
grease equivalent
thous. of lbs..
Machinery activity, hourly:
LoomsWide.
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, territory, fine, scoured dolls, per lb..
Raw, Ohio and Pa. fleeces,
M blood, combing, grease
dolls, per lb_.
Worsted yarn
...dolls, per lb_.
Women's dress goods, French
serge
dolls, per lb..
Cotton
Production, crop estimate
thous. of bales..
Ginnings
.thous. of bales..
Receipts into sight
thous. of bales..
Imports, unmanufactured
.
bales..
Exports, unmanufactured
(including linters).
bales.
Consumption by textile mills
bales..
Stocks, domestic, end of month:
Total, mills and w'houses..thous. of bales..
Mills.._
thous. of bales..
Warehouses
thous. of bales..
Stocks, world visible, end of month:
Total
-.
thous. of bales.
American
_
thous. of bales..
Machinery activity of spindles:
Active spindles
_
thousands..
Total activity
millions of hours..
Activity per spindle.
hours..
Ratio to capacity
...per cent..
Prices:
To producer
dolls, per lb_.
In New York, middling
dolls, per lb..
Cotton Goods
Cotton textiles (total): f
Production
.thous. of yds_.
Stocks, end of month
.thous. of yds..
Unfilled orders, end mo
thous. of yds..
Cotton finishing:
Billings,finishedgoods (as
produced)
..thous. of yds..
New orders, gray yardage...thous. of yds..
Shipments,finishedgoods
cases..
Stocks,finishedgoods, end mo
cases..
Operating activity
per ct. of capacity..
Unfilled orders, end of month
days..
Cotton cloth printed
-thous. of yds..
Fine cotton goods, production
pieces...
Cotton cloth:
Imports
thous. of sq. yds..
Exports
thous. of sq. yds..
» As of Dec. 1.

60,980
55,877
5,103

35,499 |
29,891 i
5,608 i

16,956
11,799
5,157

16,578
9,033
7,545

15,228
8,995
6,233

13,336
6,921
6,415

14,834
8,451
6,383

-8.1
-0.4
-17.4

+2.7
+6.4
-2.3

331, 727
159,372
172,355

327,130
210, 419
116, 711

-1.4
+32.0
-32.3

13,464
15,079

18,425
21,754

15,832
18,933

21,053
24,535

20,179

19,246
22,497

25,063
29,188

-4.2
-2.4

-19.5
-18.0

285,262
308,791

248, 735
284, 259

—12.8
-7.9

39,833

46,504 |

48,153

49,122

46,322

49,072

47,808

-6.0

-3.2

462,194

500,888

+10.3

14,252
322,945

14,299
368, 443

7,517,015
6, 080,963

8,708,080
6,872, 638

+0.3
+14.1
+15.8
+13.0

56
58
56
77
75
76
59

64
65
65
84
81
78 |
65 |

0.0
-4.5
+4.7
-6.0
-5.7

71
68
65
89
90

82
71

86
79

81

72

0.0 !

1.13

1.12

1.12

1.12

1.12

1.12

1.12

0.0

.44
1.35

.44 i
1.35 i

.45
1.38

.47
1.40

.48
1.40

.45
1.40

.45
1.40

+2.1
0.0

+6.7

1.00

1.00

1.00

1.00

0.0

0.0

3,843
30,877

318, 618
4 15,545
3,601
41,441

* 12,789
» 12,072
2,571

0.0

3,227
1,404
1,823

3,295 I
1,122 I
2,173 I

5,083
1,119
3,964

6,760
1,327
5, 433

7, 521
1,551
5,970

6,685
1,213
5,472

8,009
1,493
6,516

4,988
3,417

4,480 |
3,131 I

5,356
4,108

6,479
5,297

7,314
6,074

6,148
5,056

7,457
6,368

32,312
8,403
219
99.1

32,239 |
8,973 !
245 i
103.5

32,343
8,761
240
107.0

32, 269
8,680
238
107.2

32, 605
8,370
224

32, 582

8,705
238
105.3

.155
.180

. 171 !
.203 j

.225
.218

.210
.211

.200
.203

.117
.132

.110
.128

-9.4 -28.6
+50.0 -30.4
-11.3 - 3 2 . 7
+2.1 +7.2
+11.3 - 6 . 1
+16.9 +3.9
+9.9 - 8 . 4
+12.9 —1.9
+14.7 - 4 . 6
-0.7 - 1 . 0
-0.3 +2.4
0.0 +4.8
+1.8 +5.9
-4.8 +81.8
-3.8 +58.6

129
31,147

832
28,041

389, 358
569, 250

340, 311
633,434

2,000
28,346

2,837
19,235

631, 041 1,126, 509
612, 935
627,321

999, 501 1,369,820 1,486,224
625, 680
568,361
583, 746

i

227
101.2

229,097
177, 527
457, 883

245,605
201,217
491, 960

346,902
201,920
479,368

331,854
257, 011
432, 447

321, 621
292,535
340, 221

214,361
216,030
327,834

215,578
227,158
320,559

-3.1 | +49.2
+13.8 +28.8
-21. 3 +6.1

2,370,817

2,962,190

+24.9

72,334
71,959
43,154
40,390
63
5.9

84, 780
82,407
52,399
37,092
68
5.8
51,688
486,395

87,386
52,316
37,053
72
5.8
58,673
496,697

85,490
77,296
50,175
39,094
73
5.4
64,943
466,529

77,239
69,073
44, 671
41,350
61
4.4
57,006
472,298

88,295
79,350
51,010
36,161
70
6.2

79,480
76,483
45,941
37,113
63
6.0

-2.8
-9.7
-2.8
+5.8 +11.4
-3.2
-16.4
- 1 8 . 5 -26.7

889,390
866,428
522,664

935,608
910,689
549,851

+5.2
+5.1
+5.2

401,363

406,636

4,365,768

5,301,596

4,996
46,387

4,741
50,333

4,425
42,836

5,081
45,919

5,054
37,769

56,675
472,795

57,451
510,729

+21.7
+1.4
+8.0

~460,~266~
50,387 j

-9.7
-10.6
-11.0

12.2

43,452

3 Final estimate for 1926.
f Data beginning with August, 1927, not comparable with previous figures owing to addition of more reporting firms.




+1.3
-2.7

-4.5
0.0
-6.0
-5.7
-1.2
-10.0

+1.2 i +16.1
4+14.8 +28.0
+7.2 +5.7

* As of Dec. 20,

28
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulative8 shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

August

September

10,792

13,286

17,618

8,538
22, 665

9,393
24,415

8,570
24,124

16,619
16,243
16,016
10,165
27,220

14,010

16, 323

13,998

13, 549

.354
.481
. 075
.087
152

.387
.512
.084
.098
162

6,225
41,039

9,347
47,042

43,841
16,002

56, 618
22,218

89.7
53.8
74.9
5.292

51.9
73.4
5.145

1,220
1,654
1.50

cut:
thous. of garments..
thous. of garments..
thous. of garments..

July

PER CENT INCREASE ( + ) OR
DECREASE (—)

1926

November

October

October

November

Nov.,
1927,
from
Oct.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

(

"P

or decrease

Nov.,
1927,
from
Nov.,
1926

Per ct.
increase

(-)

cumulative
11927
from
1926

1926

1937

6141,950

6153,208

69, 705
461, 775

78, 838
508,022

+13.1
+10.0

9,140

14,446

+58.1

TEXTILES—Continued
Cotton Goods—Continued
Carded sales yarn:*
Production
thous. of lbs_.
Shipments.
thous. of lbs.
New orders
thous. of lbs.
Stocks, end of month
thous. of lbs..
Unfilled orders, end of month.thous. of lbs..
Fabrics for tire manufacture:
Consumption
thous. of lbs_.
Prices:
Cotton yarn—
22/1 cones, Boston
dolls, per lb_.
40/ls, New Bedford
.dolls, per lb_.
Print cloth, 64 x 60
dolls, per yd..
Sheeting, brown
dolls, per yd_.
Cotton goods (Fairchild)...index number..
Silk
Imports, raw
.thous. of lbs..
Deliveries (consumption)
bales..
Stocks, end of month:
At warehouses
At manufacturing plants
bales-.
Silk machinery activity:
Broad looms
per cent of normal..
Narrow looms
per cent of normal..
Spinning spindles
per cent of normal..
Price, Japanese, 13-15, New York.dolls, per lb*..

17,162

+3.3

11, 580
34,692

+13.9
+27.5
13,973

12, 422

.329
.482

.321
.470
.069
.085
148

-4.7
-2.9
-4.6
-0.9
-1.7

+19.3
+12.8
+20.3
+29.4
+16.2

7,937
47,768

7,934 I -25.7
47,634 I -1.8

-25.6
-1.5

52,069
26,530

35,094
22, 762

47,130 I -16.5
22,821
+2.2

+10. 5
+16.3

84.2
54.2
77.6
5.145

88.4
53.3
77.8
4. 802

[82.6
169.3
F87.5
6.076

89.2 | +5.0
63.6
-1.7
89.7
+0.3
5.733 I - 6 . 7

-0.9
-16.2
-13.3
— 16.2

1,129

1,386

1,285

1,008

988

-7.3

+30.1

1,875
1.50

1,674
1.50

1,879
1.65

1,870
1.65

0.0

-9.1

933
1,349
530

1,110
1,531
676

1,019
1,343
279

6 14,093
e 16,188
e 4,037

612,786
614,595
6 3, 734

-9.3
-9.8
-7.5

299.695 | 304,376
332, 458
290,626
329, 537
353, 427

271, 984
226, 728
308,731

241, 685
206, 383
324, 672

62,589, 546
62,325,205

62,951,042
62,835, 320

+14.0
+21.9

4,103
4,250
7,959
4,228
6,310

3,694
3,940
6,843
4,289
5,667

3,733
3,888
6,856
4,012
5,783

6 31,351
6 32,053

6 37,645
6 37,691

+20.1
+17.6

« 32,102

» 39,829

+24.1

1,055
1,464
1,216
1,241
2,416

1,181
1,359
1,322
1,147
2,185

1,015
1,166
1,042
949
1,417

976
999
1,011
1,117
1,460

610,444
610,450

6 10, 584
6 11,056
6 11,512

+1.3
+5.8
+20. t

71,41.7
23, 768

40,337
18,284

37,396
16, 705

29, 569
25,089

36, 529
25,017

-20.9
+50.2

-19.1

18,846

+0.3

557,294
266,085

525,220
279, 736

+5.1

3,246
2, 545

3,581
2,749

3,600
2,901

3,042
2,649

3,092
2,382

2,954
2,374

2,421
2,046

+1.6
-10.1

+27.7
+16.4

31,772
24,735

39,211
29,897

+23.4
+20.9

2,415

2,387

2,421

2,426

2,678

1,625

2,443

+10.4

+9.6

10,959

13,694

13,644

13, 664

10,176

.402
.546
.087
.111
175

.383
.530
.083
.110
172

.090
154

7,625
50,107

7,942
47,827

5,899
46,947

58,986
22,100

62, 366
25, 967

81.9
50.8
77.1
5. 096]

1,528
1,855
1.50

1,246
1,294
486

1,308
1,577
543

1,080
1,413
551

dozen garments..
dozen garments..
dozen garments..

275,247
282,082
380,858

332,918
328,497
360,331

Production
thous. of dozen pairs..
Net shipments
thous. of dozen pairs..
Stocks, end of month
thous. of dozen pairs..
New orders
thous. of dozen pairs..
Unfilled orders, end of mo.thous. of dozen pairs..

3,113
3,226
8, 390
3,095
6,046

3,807
4,016
8,093
3,892
6,018

s 3, 798
5
4, 306
5 7, 693
s 4,856
5 6,209

thous. of dozens..
thous. of dozens. _
thous. of dozens..
thous. of dozens..
thous. of dozens..

950
1,617
803
2,458

1,082
1,369
1,434
1,434
2,543

Burlaps and Fibers
Imports:
Burlaps
_
thous. of lbs..
Fibers (unmanufactured)
long tons, _

35,236
19, 030

Rayon
Imports
thous. of lbs..
Stocks in bonded warehouses,
end of month
thous. of lbs._
Price, 150 denier, A grade, N. Y__dolls, per lb._

.406
.547

j

.110 i
177 !

"I'so

Clothing
Men's and boys' garments
Suits
Separate trousers
Overeoats
Work clothing:
Cut
Net shipments
Stocks, end of month

Hosiery

Knit Underwear
Production
Net shipments
Stocks, end of month
New orders
Unfilled orders, end of mo

6 9, 544

-5.8

Pyroxylin Coated Textiles
Pyroxylin spread
thous. of lbs..
Shipments billed
thous. of linear yards,.
Unfilled orders, end of mo.
_
thous. of linear yards,_
Pur
Sales by dealers...

_._thous. of dollars,.

8,843 J.

• 140,885

8 153,

Buttons
Fresh-water pearl buttons:
37.3
43.6 !
50.9
Production
per ct. of capacity,.
9,705
9,555 |
Stocks, end of Revised.
month
thous. of gross,.
5
s Cumulative through Oct. 31.




-3.0 ! +9.9
«47.6
+0.4 I -19.9
12,049
* See table on p. 27 of the November, 1927, issue for earlier data.

53.9 |
9,604 i

52.3
9,646

51.3
12,002

+9.2

29
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulative8 shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

PER CENT INCREASE ( + ) OR
DECREASE (—)

1926

September

October

November

October

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Perct.
increase

( }

t

or decrease
Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

+80.0

November

+58.8
+7.5

320

277

-13.4

2,350

2,490
51,110

+6.0
-12.7

42,171
15, 628
53,798

36,552
14,044
48,941

-13.3
-10.1
-9.0

35,979
8,231

33, 536
8,177
643

-6.8
-0.7
-6.0

1927

(-)
cumulative
1927
from
1926

IRON AND STEEL
Iron
Manganese ore, imports
thous. of long tons..
Iron ore:
Imports.
...thous. of long tons..
Shipments from mines.thous. of long tons..
Receipts—
Lake Erie ports and
furnaces
thous. of long tons..
Other ports
_ -thous. of long tons..
Consumption
thous. of long tons..
Stocks, end of m o n t h Total.
thous. of long tons..
At furnaces
thous. of long tons..
On Lake Erie docks_thous.of long tons..
Pig-iron production:
Total, United States...thous. of long tons..
Merchant furnaces
thous. of long tons..
Canada...
thous. of long tons..
Furnaces in blast, end of month: '
Furnaces
number..
Capacity
..long tons per day..
Per cent of total
per cent_.
Ohio gray-iron foundries:
Meltings—
Actual
long tons_.
Normal
long tons..
Ratio to normal
per cent of normaL.
Stocks, end of month..per cent of normal..
Receipts
per cent of normal. _
Malleable castings:
Production
short tons..
Operating activity
per ct. of capacity..
Shipments
short tons..
New orders
short tons..
Wholesale prices:
Foundry, No. 2,
northern
dolls, per long ton_Basic (valley furnace)..dolls, per long ton_.
Composite pig iron
dolls, per long ton__

28

23

36

15

27

13

252
8,609

304
8,776

225
7,231

228
6,723

200
2,000

190
9,337

186
5 3,969

-12.3
-70.3

6,136
2,282
4,294

6,451
2,274
4,368

5,493
1,832
4,089

4,929
1,828
4,024

1,831
911
3,814

6,906
2,360
4,948

3,283
1,549
4,717

-62.9
-50.2
-5.2

-44.2
-41.2
-19.1

31, 331
25,872
5,459

35, 803
29,728
6,075

39, 296
32, 527
6,769

42,164
34,952
7,212

41,472
34,528
6,944

42,004
34,407
7,597

42,761
35,098
7,663

-1.6
-1.2
-3.7

-3.0
-1.6
-9.4

2,951
788
51

2,947
733
63

2.775
685
52

2,784
707
38

2,648
710
35

3,334
755
70

3,237
752
52

+0.4

-4.9

-7.9

-18.2
-5.6
-32.7

190
93,700
52.5

187
93,800
51.7

179
90,800
49.4

172
88, 300
47.6

170
87, 700
47.4

219
108, 760
58.9

213
105,850
57.1

-1.2
-0.7
-0.4

-20.2
-17.1
-17.0

14, 207
18, 389
77.0
88
60

15, 647
19, 553
80.0
104
74

14, 365
17, 622
81.3
87
58

21,009
24,423
86.0
82
82

+10.1 - 2 5 . 5
+6.3 - 1 9 . 9
+3.9 - 7 . 0
+18.2 +26.8
+23.3

193,652
236, 753

173, 772

-10.3
-12.1

624, 364

544,887

-12.7

599, 312
532, 784

524, 067

-12.6
-9.5

+8.6
— 1.1
-7.7

10, 761
14,864
72.3
94
64

17,559
13, 298
20, 217
16, 284
. 86.8 81.6
82
117
71
82

5

-49.6

44,142
45.0
44, 347
43,136

47,166
47.4
46, 306
39,897

41,155
41.9
42, 500
35,492

43, 074
45.0
38, 433
37,477

38, 210
40.4
35, 735
32, 925

53,963
52.7
49. 738
43,322

43, 214
42.7
41,102
39,017

-11.3
-10.2
-7.0
-12.1

-11.6
-5.4
-13.1
-15.6

19.76
17. 50
19.31

19.36
17.30
19.00

19.26
17.06
18.89

19.26
17.00
18.79

19.21
17.00
18.42

20.26
18.00
20.39

20.76
18.50
20.83

-0.3
0.0
-2.0

-7.5
-8.1
-11.6

22, 311
22,588
20, 781
113,776

22, 733
22,311
20,340
113, 561

19,865
25, 734
25, 917
104, 301

17,676
30,978
24, 830
89, 849

15, 914
26,175
23,966
81,010

« 203, 403 6 220,880
6 195, 786 6 193, 638
6
213,408 6 197,045

26,966
29,268
26, 518
111,962

29,682
30, 687
25,112
111,499

24, 758
31,156
30,400
110,647

22, 338
35,354
28,170
84, 437

19,229
27, 777
28,255
77,150

6 209,266 6 237,427 +13.5
e 203, 448 6 206, 668 +1.6
-8.8
6 230, 416 6 210,086

16,828
17,904
18, 606

17, 453
17,304
15, 768

14, 088
18,156
19, 683

12, 356
19,631
20,236

6 147, 394 6 154, 640
6 137, 580 6 131, 308
6 165,328 6 138, 682

58, 6] 0

58, 887

55, 030

15,000
20,173
18, 257
39, 409

3,102
73
79

4,074
97
64

3,706
89
54

-5.7
-6.4
+41.1

3, 454

3,684

3,807

+3.4

Cast-Iron Boilers a n d Radiators
Round boilers:
Production
thous. of lbs..
19,011
Shipments
thous. of lbs..
18,911
20,442
New orders
thous. of lbs__
Stocks, end of month
thous. of lbs__ 114,224
Square boilers:
21,225
Production
'.
thous. of lbs_.
22,581
Shipments
thous. of lbs..
New orders
thousl of lbs_ _ 25, 999
Stocks, end of month
thous. of lbs.. 113, 905
Radiators:
13, 577
Production..thous. sq. ft. heating surface-.
Shipments.--thous. sq. ft. heating surface..
14, 380
New orders.-thous. sq. ft. heating surface-.
15, 775
Stocks, end of
month
thous. sq. ft. heating surface. _ 59, 692

+4.9

-4.6
-17.3

32, 375

Crude Steel
Steel ingots, production:
United States, total
thous. of long t o n s . .
Ratio to capacity
per cent.Canada
thous. of long t o n s . .
U. S. Steel Corporation:
Unfilled orders,
end of month
thous. of long tons. Steel castings:
ProductionTotal
short tons-Ratio to capacity
per cent._
Railroad specialties
short tons_Miscellaneous
short t o n s . .
New o r d e r s Total
.short tons..
Ratio to capacity
per cent- _
Railroad specialties
short tons__
Miscellaneous
short tons. _
Sheets, black, blue, galvanized, and
full finished:
ProductionTotal
net tons__
Ratio to capacity
per cent..
Stocks, end of month—
Total
net tons.Unsold__
net tons..
Shipments
net t o n s . .
New orders
net t o n s . .
Unfilled orders, end of month
net t o n s . .




3,178
78
55

3,471
* 79
77

3,142

3,196 !

3,232
77
54
3,148 3,341

-16.3
-18.0
+46.3

43,469

+2.4
+2.3
-9.5
+8.5
+33.9
+32.4
+77.9
+13.8

-30.3
-30.8
-26.3
-31.8

1,012,830

867, 332

374, 717
638,113

325,000
542,332

-7.8
-7.5
-2.6
-11.2

909,958

804, 544

344,367
565, 591

320, 761
483, 783

-5.6
-8.1
-0.2

-16.7
-24.2

3,209,107 3,027,146

-5.7

-11.8
+29.4
-14.5
+86.0
-12.6

3,174, 519 2, 930,484
2,955,465 2, 824, 497

-7.7
-4.4

75, 551
57
29, 679
45,872

83,210
63
29, 774
53,436

67, 077
50
23, 744
43,333

58, 982
44
19,896
39,086

60,407
45
18,001
42, 406

79, 804
60
25, 737
54, 067

86,626
65
24,421
62,205

72,012
54
29,979
42,033

61, 380
46
20,220
41,160

50,630
38
17,591
33, 039

49,002
37
15,375
33, 627

65, 634
49
27,357
38,277

74, 680
56
27,827
46, 853

71,184
53
28,079
43,105

237,243
80.2

266,645
80.3

220, 919
62.6

245, 765
71.7

232, 041
65.9

314, 598
101.4

278,455
86.9

154,374
44,538
252, 034
230, 715
353,413

169,315
54, 553
266, 713
177,647
312, 662

155, 865
53,311
230,443
258,427
350,117

145, 980
50, 518
232,626
234,358
308,264

145, 644
141,206
165,114
.52, 966
40, 929
+4.8
40, 758
224, 789
262,797
-3.4
301,474
344, 519
185, 235 +47.0
212, 029
500,120 +41. 9
437,'306 S| 581,993
• Cumulative through Oct. 31.

• Revised.

39,!

720

-8.2
+12.4

-13.3
-15.0

-6.9
-14. 5

30
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, " Survey"

August | S e & e r m - i October

July

PER CENT INCREASE ( + ) OR
DECREASE (—)

1926

November

October

November

Nov.,
1927,
from
Oct.,
1927

j
I
I
i

Nov.,
1927,
from
Nov.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Perct.
increase

(+)

or decrease*
1926

(-)
cumulative

1927

1927
from
1926

I R O N A N D STEEL—Continued
€ r u d e Steel—Continued
Steel barrels:
521, 899 578,408 500,909
493,363 510,489
578,223 615,152
Production
barrels.
48.0
56.2
47.4
51.6
45.6
46.0
Ratio to capacity. _.
per cent.
51.3
525,374 572, 893 497,345
497,031 505,383
Shipments. _
barrels576,602 610,454
54,377
53, 938
59,453
63,017
57,413
49,271
Stocks, end of month
barrels.
53, 715
Unfilled orders, end of month
barrels. 1,346, 688 1,106, 604 1,124,437 1, 000, 559 845, 789 1,149, 325 1,732,007
Iron, steel, and heavy hardware:
174
203
216
181
Sales
index number200
183
Wholesale prices:
33.00
35.00
33.00
33.00
35.00
Steel billets, Bessemer_.dolls. per long ton.
33.00
33.00
35.39
38.43
36.22
35.75
38.02
Iron and steel
dolls, per long ton36,43
36.24
2.47
2.65
2.51
2.48
2.65
Composite steeL..
..dolls, per 100 lbs.
2.53
2.53
1.75
2.00
1.83
1.80
2.00
Structural steel beams...dolls, per 100 lbs.
1.78
1.80
Steel sheets, Youngstown
3.25
district
dolls, per 100 lbs.
3.10
3.00

-13.4
-11.6
-13.2

+6.0
-15.5
0.0
-1.0
-0.4
-2.8

+2. 3»

6,048,730 6,186, 342
-1.
-5.0 1
- 1 . 6 6,040,453 6,170,115
+15. 9 I
-I-51.2 I

"+2.1

— 5. 7 !
-7.<J I
-6.8 |
-12.5 !

Steel Products
Structural steel, fabricated:
New orders (prorated)
short tons.
Ratio to capacity
.
per centShipments (prorated)..
short tons.
Ratio to capacity
per cent.
Steel plate, fabricated, new orders:
Total
short tons.
Ratio to capacity
percent.
Oil-storage tanks:
short tons.
Iron and steel:
Exports
long tons.
Imports
long tons.
Steel furniture:
Business g r o u p Shipments
thous. of dolls.
New orders
thous. of dolls.
Unfilled orders, end mo.thous. of dolls.
Shelving—
Shipments
thous. of dolls.
New orders
thous. of dolls.
Unfilled orders, end mo.thous. of dolls.
Steel boilers, new orders:
Total.
numberArea
thous. of sq. ft.

241,680 j s 260, 760 213,060
67
76
244, 860 s 228, 960 219,420
5 72
69
77
38, 662 « 46, 540 26,940
48
58
34
15,421
18,098
8,920

203, 520
64
251,220
79

193,980
61
222, 600
70

-18.3
-18.3
-4.2
-4.2

+9.8
+9.8

2,327,760

2,521, 740

f 8.

-1.4
-1.4

2, 629,860

2,404,080 :

-8.6

44, 974

63,119
74
26,269

-42.1
-41.4
-50.7

-57.3
-54.1
-66.0

484,055

461, 098

-4.7

23,094

165,891

197,057

+18. 8-

170,255
39, 516

177,928
51,185

172, 070
64, 722

219,830
58,472

+4.5 - 1 9 . 1
+29.5 - 1 2 . 5

1, 968,859
875,253

2,012, 542
497,837

+2. 2:
-43.1

2,379
2,410
1,574

2,856
2,476
1,577

2,553
2, 615
1,687

2,734
2,603
1,547

+20.1
+2.7
+0.2

+4.5

619
551

590
574
651

584
574
731

-4.7

592
745

+4.2

+ 1.0

1,312 j 5 1,270
1,152
6 930

1,221
1,115

308,460
97
235,320
74

248,040
78
260, 760
82

35,434
44
17,199

48, 577
60
29,691

190,502
39, 543

175,637
51, 596

166,352
46, 573

2,040
2,091
1,507

2,474
2,381
1,412

2,218
2,367
1,557

566
534
679

604
592

1,516
1,778

1,517
1,569

70,260
58,009
1,238
7,586
38, 752

75,155
63,606
1,595
8,601
39, 969

84, 795
70,227
1,674
8,211
43,007

86, 922
71, 570
1,743
8,365
40,443

89, 645
75,459
1,348
7,463
39,912

81,394
69,654
1,195
6,310
29,208

1,409
1,597
3,044

1,489
1,474
3,040

1,178
1,221
2,950

1,300
1,303
2,950

1,484
1,540
3,256

1,462
1,674
3,029

158.5
158.5
158.8
127.8

177.6
166.8
234.0
126.5

157.2
134.4
277.0
116.2

123.8
114.3
180.8
123.4

84.7
81.8
99.8
131.0

77.0
68.4
121.9
130.8

136
41, 504

160
60,977

104
27, 843

95
27,222

112
40, 780

85
27,606

129
100
216

170
118
278

106
128
266

133
152
231

134
149
214

195
193
350

175
184
340

+0.8 - 2 3 . 4

12
73
5

87
2

66
5

11
81
17

15
64
19

18
97
17

18
86
19

«118
«46,285

5 143
s 48,101

s 122
'46,255

5 108
5 48,472

111
43, 723

149
44,334

134
43,315

number. .
3,815
2,792
3,078
46
37
number..
50
47
67
34
number..
& Cumulative through Oct. 31.

3,185
57
73

531
607
738 |

-2.3

-4.9

+1.9
0.0
-10.9

28,495
28, 591 •{
6,715
6,778 I

-3.9
+19.9

28,365 \ - 0 . 5 27,910 ; - 2 . 4
6,686 !
6,732 !

-0.4
-0.7'

14, 878
14, 816

Machiiiery
Washing-machines, shipments:
Total
number.
Electric
number.
Water softeners, shipments*
units.
Water systems, shipments
units.
Pumps, pitcher, hand, etc., shipments..units.
Steam, power, and centrifugal pumps:
New orders
thous. of dolls.
Shipments
thous. of dolls.
Unfilled orders, end mo
thous. of dolls.
Agricultural machinery and equipment:
Shipments^—
Total
index number.
D omestic
index numberForeign
index number.
Production
index numberStokers, mechanical:
New orders
numberNew orders
horsepowerMachine tools:
New orders
index numberShipments
index number.
Unfilled orders, end of mo.-index numberElectric industrial trucks and tractors:
Shipments, d o m e s t i c Tractors.
number of vehicles.
All other types
number of vehicles _
Exports
number of vehicles .
Fire-extinguishing equipment, shipments:
Motor vehicles
numberHand types
number.

+18.3
+12.2
+23.4
+7.9 -4.0
- 0 . 7 -22.7
+4.8 +2.1

-18.9
-15.4
-10.9

6 865, 396
6 703, 691
16,340
73, 945

505,383

17,455
17,084

6 795,139
6
654, 580
17,012
77,670
461,272

!
i
;|
;|
I

15,879 '
15, 543

-8. 1
-7.0+4. 1
+ 5. 0—8. 7
-9.1
-9.1

e 1,204
6 483,648

6 1,111
6 4 1 3 , 761

+36.4 | -16.7
-21. 0 I -25. 6
+11.8 |
0.0

172
1,032
93

127
917
109

-26.2*
-11.1
+17. 2

+2.8 ! -17.2
- 1 . 5 I +0. 9

1,365
563, 592

1,320
540, 713

-3.3
-4. 1

41,239
-2.3
38, 561
3,239
4,330 +32.9
+7.0 +17.3
574
580
40
52
744
550
79 -17.8 - 2 4 . 1
32
" See table on p. 27 of the November, 1927, issue for earlier data.

+35. a

-2.0
-7.4

-19.0
-37.1

PATENTS ISSUED
Total, all classes
Agricultural implements
Internal-combustion engines
s Revised.




4,232
61

-6.5
-1.0

31
TREND OF BUSINESS MOVEMENTS—Continued

1927
The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927,
"Survey"

PER CENT IN- CUMULATIVE TOTAL Per ct.
FROM JANUARY 1
CREASE (+) OR
inTHROUGH NOVEMDECREASE ( )
crease
BER 30

1926

Septem- October
ber

November

or decrease

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

1926

1927

s 334,421 « 256,300 -39.3
5 292, 562 5 222, 419 -40.5
M l , 859 «33,881 -33.7

-48.0
-51.0
-28.3

4,130,863
3,668,903
461,960

3.259,317
2,832,117
427,200

October

November

j cumulative
I 1927
from
1926

AUTOMOBILES
Production:
United StatesTotal
number of cars..
5 308,782 s 260,378 5 219,610
Passenger cars
number of cars.. 236,866 5 274,350 s 226,440 «182, 941
Trucks
number of cars.. s 31,603 « 34,432 «33,938 s 36,669
Canada10,987
11,262
7,791
Total
number of cars..
12, 526
8,719
8,681
6,236
Passenger cars
number of cars..
10,139
2,268
2,581
1,555
Trucks
number of cars..
2,387
Exports (assembled):
From United StatesTotal
number of cars..
28, 604
32,059
26, 273
27, 718
19,398
23, 294
19,033
19,366
Passenger cars
number of cars..
9,206
Trucks
number of cars..
8,765
7,240
8,352
From Canada3,247
3,872
Total
number of cars..
4,634
3,507
2,059
2,856
2,380
Passenger cars
number of cars..
3,020
1,188
1,016
1,127
Trucks
number of cars..
1,614
12,844 « 12,988
17,969
Foreign assemblies
number of cars..
15,047
Sales, passenger cars and motor
cycles..
..thous. of dolls.. 158, 089 178,889 154, 772 185, 626
Shipments (General Motors Co.):
To dealers.
number of cars,. 136, 909 155, 604 140, 607 128, 459
To users
number of cars.. 134, 749 158, 619 132, 596 153,833
Accessories and parts:
Shipments—
155
148
139
124
Original equipment
index number..
142
169
181
174
Replacement parts
index number..
97
115
Accessories
index number. _
163
103
136
134
Service parts
index number,.
127
120
Exports
wthous. of dolls..
9,973
9,741
7,962
6,600
Rim production
thous. of rims,.
1,680
1,826
1,727
1,385
New passenger-car registrations:
Total
number of cars,. 247,736 242, 031 184, 619 183,979
11,595
10, 655
Highest price group
number of cars..
11, 514
12,152
63,561
54,256
Second highest group.
number of cars__
73,223
47,292
66, 503
57, 538
Third highest group..
number of cars,.
71, 704
53,300
61, 779
Lowest price group
number of ears.. 105, 563
85,071
70, 841
514
391
M iscellaneous
number of cars..
519
394

133,202
108,903
24,299

-21.1
-22.8
-7.5

6, 617
5,173
1,444

14, 670
10, 595
4,075

9,828
6,774
3,054

-15.1
-17.0
-7.1

-32.7
-23.6
-52.7

197,340
158,431
38,909

175,991
144, 593
31, 398

— 10.8
-8.7
-19.3

31,405
21,396
10,009

20,395
16,348
4,047

27,873
20,562
7,311

+13.3
+10.5
+19.8

+12.7
+4.1
+36.9

280,128
216, 585
63,543

370,329
270,146
100,183

+32.2
+24.7
+57.7

3,876
2,403
1,473
12,481

7,546
5,439
2,107
12,919

8,793
6,435
2,358
13,962

+10.5
+1.0
+30.7
-3.9

-55.9
-62.7
-37.5
-10.6

68, 704
48, 792
19,912
161,008

55,220
38,042
17,178
191,057

-19.6
-22. 0
>
-13.7
+18.7

171,915

170, 567

57, 621
80, 539

115, 848
99,073

78, 550
101, 729

-55.1
-47.6

-20.8

132
75
143
7,501
839

125
116
109
145
5,534
1,829

79
94
83
119
6,550
1,210

-20.2
-24.1
-27.2
+19.2
+13.7
-39.4

+25.3
+40.4
-9.6
+20.2
+14.5
-30.7

238,328
« 9,702
51,104
« 45,507
130, 650
* 1, 365

74, 947
92, 768

fi

2,248,187

1,190, 720
1,163,097

78,330
23,101
6

6

1,778,992

-20.9*

1, 502, 677
1, 500, 617

+26.2
+29.1

96,195 ! +22. &
18,881 i - 1 8 . 3

2,864,447
« 115, 706
6 576,890
6
568,822
6 1,584,930
6 18, 099

161,013
6,650
31, 632
33, 621
88,430

75,099
87, 012

6

6 2,378,731
6 113,041
« 563,422
6
590,373
6 1,105,757 j
6
6,138 I

- 1 7 . 0*
-2.3
-2.3
+3.8
-30.2
-66.1

800,113
897,259

762,358 j
882, 789

-4.7"
-1.6

NONFERROUS METALS
Copper
Production:
Mines
short tons..
Smelter.
short tons..
Refined (North and South
America)
short tons..
World production, blister
short tons..
Domestic shipments, refined
.short tons..
Exports.
_
..short tons..
Stocks (North and South America):
Refined
.short tons..
Blister
short tons..
Wholesale price, electrolytic.
dolls, per lb__

65,545
75,029

67,248
78,245

65,936
74,418

68,959
83, 551

67,813
79,878

118,133
132,186
61,965
42, 592

119, 786
135, 015
71, 736
46, 571

119,100
133,291
71, 578
46,137

124, 927
145,278
68, 619
41,317

118,269
141,975
59,264
41,129

123,120 | 126,322
136,600 I 148,321
73,939 ! 74,207
36,563
46,471

-4.4
-5.3
-2.3
-13.6
-0.5

104,388
250,957
1,253

93, 654
253, 886
1,297

86, 493
246, 517
1,294

83,882
246,354
1,296

90, 874
250,071
1,332

68,233 I 73,856
267,866 277,479
1,386 1,358

+8.3
+1.5
+2.8

+23.0
-9.9
-1.9

number.. 169,498
dollars.. 173,041
dollars. _ 103.17

229,923
207,013
104. 39

230,978
209, 702
104. 51

200,298
178,280
104.71

238,034
162,871
104. 33

155,069 i 172,394 +18.8
-8.6
175,454 ! 171,963
106.19 I 106. 02 - 0 . 4

+38.1
-5.3
-1.6

2,258,461
2,287, 672

71,545

67,955 |

70, 706

67,247 j - 4 . 9

-rl.7

-9.5
-13.9
-6.4
-4.3
-20.1
-11.5

1, 314, 030 1, 347, 583
1,458,191 1, 509,287
763, 982
840,232
423,837
472, 250

+2.6
+3.5-9.1
+11. 4

2, 539,839
2,191, 517

+12. 5
-4.2

Copper Products
Plumbing fixtures:
New orders, tubular—
Quantity
Value.
Wholesale price, 6 pieces
Tin
Deliveries (consumption)
Stocks, end of month:
World visible supply
United States
Imports
Wholesale price, pig tin

long tons..

5,950

6,895

6,110

6,005

5,665

5,955

6,140

-5.7

-7.7

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

15,377
1,984
5,682
.6263

14,487
2,201
8,56.0
.6352

15,083
1,973
4,938
.6074

14, 684
3,158
7,179
.5756

14, 594
2,003
4,876
.5709

14,841
1,554
5,126
.6823

15,257
2,304
6,882
.6867

-36.6
-32.1

-4.3
-13.1
-29.1
-16.9

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__

76,519
47,627
39,323

76,851
49,012
34, 587

74,435
47, 735
34,277

76,067
50,185
36, 223

76,627
49, 217
39,320

87,028
54,979
15,909

88,076
55,062
14,481

+.7 - 1 3 . 0
-1.9 - 1 0 . 6
+8.5 +171. 5

59,104
30,813
.0623

61, 749
24,934
.0634

55,308
28,806
.0621

76,430
29,776
.0600

49,830
39,296
.0575

75, 786
70,045
26,287 | 22,482
.0730 | .0720

55,830

53,204

« 56,134

57, 558

63,250

61,044

8,540
63,721
56,479

6,439
80,362
50,995

7,864
66,157
53,017

8,207
70, 752

14,965
76,317 i
58,092 j

8,641
61,460
57,023

162,866
.0668

160,134
.0630

155,868
.0625

.0626

-5.0

Zinc

Lead
Production
short tons..
57,059
Ore shipments:
Joplin district
_
short tons..
6,169
Utah
short tons..
63,114
Receipts of lead in United States ore-short tons. _ 49,005
Stocks, United States and Mexico,
end of month
short tons.. 165,589
.0634
Price, pig, desilverized (N ^ *T York).dolls. per lb. _
* Revised.




6

-34.8
+32.0
-4.2

581,649

561,201

-3. 5

-28.9
+74.8
-20.1

771,168

-17.7'

+2.5 - 5 . 7
+4.4 - 5 . 0
+6.9 +15.1

644,309

630,316 ! -2.2"

119,381
715,392

91,020
739,349

118,311 i 120, 054
.0840 i
.0801
+. 2
Cumulative through Oct. 31.

-21. i

-23. &

+3. a-

32
TREND OF BUSINESS MOVEMENTS—Continued
193)

TJie cumulative8 shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE (—)
BER 30

1926

September

October

November

October November

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

-11.9
-5.5
-14.0

-5.1
4-3.4
-7.8

1926

1927

Perct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

NONFERBOUS METALS-Continued
Babbitt Metal

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

thous. of lbs..
thous. of l b s , .
-thous. of lbs..

Arsenic
•Crude:
Production
short tons
Stocks, end of month
short tons..
Refined:
Production
short tons-.
Stocks, end of month
short tons..
Galvanized Sheet Metal Ware
Pails and tubs:
Production
dozen pieces..
Shipments
dozen pieces..
Other:
Production
dozen pieces..
Shipments..
_
dozen pieces._
Enameled Ware
"Baths:
Shipments
number..
Stocks, end of month
number..
New orders
number. .
Xavatories:
Shipments. __^
number..
Stocks, end of month
number..
New orders
number..
Sinks:
Shipments
number..
Stocks, end of month
number_.
New orders.
..number..
Miscellaneous sanitary ware:
Shipments
number..
Stocks, end of month
number..
New orders
number..
Unfilled orders, end of month:
Baths._
number..
Small ware
number. _
Enameled sheet-metal ware, shipments:*
Total
dozen pieces..
Porcelain flat ware:
New orders—
Total
thous. of sq. ft._
Ratio to capacity
per cent..
Shipments—
Total
thous. of sq. ft..
Ratio to capacity
per cent..

4,605
1,442
3,162

5,497
1,008
4,489

4,792
676
4,117

5,116
1,255
3,860

1,163
1,363

972
1,009

1,472
1,422

1,004
1,260

4,506
1,186
3,320

5,471
1,339
4,132

4,747
1,147
3,600

419
2,538

765
789

986
1,346

873
1,787

937
2,321

2,382

885
2,188

124, 264
128,816

133,309
148,148

127,608
127, 530

151, 495
141,101

143,038
140, 788

114, 844
88, 520

30, 712
31,832

44, 632
48,291

37,776
44,852

39, 006
41, 368

41, 295

32, 865
31, 321

104, 591
122, 529
110,980

110,220
120, 903
106, 502

93,172
123, 880
96,352

84, 831
137,830
82, 430

72, 460
146,113
69, 392

98, 237
158, 764
92,008

80, 271
161, 391
84, 209

-14.6
+6.0
-15.8

107, 330 5 122, 783 5 115, 625
225,484 5 212, 589 5 187, 453 5 188, 202
118,484 « 123,204 « 117, 212 « 94,627

77, 613
193,811
75,806

117,122
208, 406
109, 582

86, 552
225, 645
86,962

111,214 5 126, 958 s 115, 007 5 113,844
243,807 s 231,384 5 215,075 « 213,006
116, 786 s 127, 926 5122, 749 5 106, 065

83, 757
223, 265
83, 508

120, 262
246,816
110,784

44, 644
132, 606
48, 773

5 53, 842 5 49,955 5 44, 772
5 126, 652 5 135, 593 5 133, 612
5 53, 235 5 49, 513 5 45, 646

40, 410
131,329
38,148

43, 613
119,949

41,407
38,829
s 118, 755 5 117,185

33,154
s 97, 538

28, 993
95, 330

s 329,843 5 310,823

-9.4
-17.3
-7.0

6 11,535

1+159.4

6

322, 827

37

5,375
43

6,040
48

5,937
47

6,147
48
6,849
53

8, 711

+94.9

*1,196, 540 61,472, 762
6
1, 235,806 61,487, 633

+23.1
+20.4

6 471,845
6 466,146

6 367,388
6 375, 570

-22.1
-19.4

-9.7
-9.5
-17.6

1,127,009

1,G45,224

-7.3

1,162,946

1,053,676 I

-21.1
+3.0
-19.9

-10.3
-14.1
-12.8

1, 291, 270

1,163, 356

1, 288,025

1,176,775

-8.6

91, 699
274, 422
94, 740

-26.4
-f-4.8
-21.3

-8.7
-18.6
-11.9

1, 285,133

1, 215, 926

-5.4

1, 290,916

1, 228, 262

52, 018
135, 600
49,027

40, 247
137,926
42, 243

-9.7
-1.7
-16.4

4-0.4
-4.8
-9.7

43, 556
105, 664

38,801

-12.6
-2.3

-25.3
-1.7

8,060
63

7,790
61

4,995
39

6 59, 556

e 61, 714

+3.6

6,889
54

7,015
55

6,922
54

6 62,591 !

e 64, 815

+3.6

5, 791, 736
2,195, 546
3,342, 939
253, 251

5,199, 056
1, 949, 284
2,985, 608
272,791

-10.2
-11.2
-10.7

922,303
61, 499, 658

e 788, 851
1,423, 694

-14.5
-5.1

6 4,470

564, 379

522, 734

"583,448

-7.4

" 515,265

Band Instruments

Shipments:
+1.7 - 4 . 9
646,065
Total
dollars.. 366, 338 432, 571 527, 640 594, 020 603,944
-7.9
-7.8
195,494 234,399
175,999
216,128
245,328 234, 605
Cup mouthpieces
dollars. _ 142, 373
+8.3 - 5 . 2
367, 628 371,939
237, 532 306,715 325, 587 352,587
Saxaphones
dollars.. 204,470
25, 431
33,109
+2.4 +22.5
34, 034
28,455
19,040
34,856
Wood wind
dollars. _ 19, 495
Electrical Equipment
Electrical porcelain, shipments: *
62, 697
62, 536
42, 402
74, 230
101, 984
90,428
Standard
dollars..
114, 467 119, 744 236, 052
148,970 176, 583
Special
dollars.. 131,283
44,518
41,038
High tension
dollars.. 400, 398 386, 174 311,889
2,945
2,361
1,897
1,864
Glazed nail knobs
thousands..
879
755
635 . 1,165
Unglazed nail knobs
thousands..
1,145
660
1,273
Tubes
thousands..
1,030
Laminated phenolic products,
1,032,042 834,884
shipments.
dollars.. 636,716 929, 872 1,033, 466 940, 563
Motors:
801,036 745,629
New orders
dollars.. 736, 679 706, 219 820, 652 740, 366
837,214 897, 262
Billings (shipments)
dollars.. 776,866 823, 940 776, 325 334,479
Electric hoists:
New o r d e r s 229
223
233
300
278
290 -17.4 - 2 3 . 1
270
Quantity
number..
128,137 130, 257 -11.0 - 2 1 . 5
162, 594 147,323 114, 835 102, 238
Value
.dollars.. 105,103
-0.1
128,331 151,674 121, 445 139,066 I 169,245 139,231 +14.5
Shipments
dollars..
Welding sets, new orders: *
153
137
133
118
Single operator
units..
37
23
Multiple operator
units..
26
Electric overhead cranes:
764
637
679
653
729
978 - 1 6 . 6 - 3 4 . 9
Shipments
thous. of dolls..
-7.2 -10.3
566
525
585
689
483
684
1,429
New orders
thous. of dolls..
-6.7
2,117
-50.2
3,964
2, 746
2,278
2,273
1,975
4,406
Unfilled orders, end mo
thous. of dolls..
Outlet boxes and covers, shipments
pieces.. 1, 936, 639 2, 645, 760 2. 228,162 2, 577, 732
Tulcanized fiber:
Shipments790
748
719
731
739
932
Total
thous. of dolls..
43
48
46
55
50
61
Hollow ware
thous. of dolls..
2,461
1,896
2,030
2,643
2,256
2,175
Consumption
thous. of lbs.
120,353 125,802 140, 346
107,384
178, 993 157, 713
Industrial reflectors, sales
units.
9,713
9, 235
9,614
8, 580
INonmetallic conduits, shipments..thous. of ft.
5
* See table on p. 21 of the September, 1927, issue
e Cumulative through Oct. 31.
Revised.




55,646
11,812
43,834

6 4,447

514
2,667

61,427
14,284
47,142

+7.7

6,524,620 6 6,579,236

+0.8

6 8,589,703 6 7,884,343
"8,708,374 6 7,801,879

-8.2
-10.4

3,021
1,497,119
1, 438, 094

-8.3
-15.1
-20.4

3,293
1, 762,865
1,806,843

6 1,368
10, 714
10,903

8,546
7,390

-20.2
-32.2

6 22,374,101 I!
e 9,308
6 504
• 28, 994

||
6 7,649 l! -17.8
+6.7
6 538
6
-14.8
24, 691
61,252,827
6 99,094

for earlier data.

33
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulativ€8 shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey'*

PER CENT INCREASE ( + ) OR
DECREASE (—)

1936

Nov.,

Nov.,

August

September

October

November

October

November

1927,

1927,

1927

July

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH NOVEMBER 30

from
Oct.,

from
Nov.,
1926

1927

Perct.
increase
( }

t

or decrease
(-)
curnu
lative
1927
from
1926

FUELS
Coal and Coke

Bituminous:
Production—
United States
thous. of short tons..
Canada...
_._thous. of short tons..
Exports
thous. of long tons..
C onsumption—•
By vessels
thous. of long tons..
By electric power
plants
thous. of short tons..
By railroads
thous. of short tons..
By coke p l a n t s United States
thous. of short tons..
Canada
thous. of short tons..
PricesMine average
(spot)
dolls, per short ton..
Retail, Chicago...dolls, per short ton..
Anthracite:
Production
thous. of short tons..
Exports
thous. of long tons.
Price, retail, chestnut—
New York
dolls, per short ton..
Coke:
Production, U. S.—
Beehive
thous. of short tons..
By-product
thous. of short tons..
Production, Canada ..thous. of short tons..
Exports.
thous. of long tons..
Price, furnace,
Connellsville
.dolls, per short ton..

41, 928

44,000

40,628
1,121

59,213
1,834
4,605

478,527 j - 7 . 3 :

1,252

54,127
1,712
4,188

516,187

"Tsls*

-10.5

-75.7

27, 217

15,263 ! - 4 3 . 9;

351

363

840

841

+3.4

56.8

6,189

3,813

-38. 4

3,697
8 8,986

3,591
9,104

«34,452
6 79,370

+2.0^

5,626

6,847
263

6,735
234

-6.2

-16.5

6 33, 765
«82,577
75,681

68, 281
•2,394

-9.8
-1.6

1.95
9.30

1.90
9.29

2.70
9.06

3.19
10.15

-2.6
-0.1

-40.4
-8.5

6,642
290

7,404
310

8,617
459

7,397
350

-10.6

-6.7
-20.9

76, 959
3,305

74, 626
2,756

-3.0
-16.6

13.79

14.04

14.08

6,902
277
14.46

14.50

14.50

+2.7

-0.3

467
3,658
159
58

487
3,665
169
55

457
3,602
150
76

419
3,713
152
69

379
3,500

935
3,730

- 9 . 5 ! -59.5
-5.7
-6.2

11, 641
40, 685
« 1, 598
819

6,627
40, 249
« 1, 646
656

-43.1
-1.1

75

943
3,799
174
84

3.04

3.08

3.00

2.91

2.83

4.00

4.89

33,637
1,230
1,531

41,705
1,317
1,278

335

351

3,325
7,184

5 3, 513
7,558

• 3, 559
7,661

3,658
8,418

231

6,034
247

5,897
219

5,995
223

1.86
9.09

2.07
9.16

2.08
9.32

5,028
228

7,749
280

13.79

154
67

+8. 7 +11
-2.

9

-3.9

+3.0*
-19. £

-42 1
7

Petroleum
Crude petroleum:
75,081
Production
thous. of bbls..
77,998
78,333
Stocks at end of month—
Total (comparable)
thous. of bbls__ 324,930 333, 673 - 339, 741
Tank farms and pipe
lines
thous. of bbls.. 288, 385 295, 643 301, 528
Refineries
thous. of bbls._
38, 213
38,030
36, 545
CaliforniaLight
thous. of bbls..
22, 795
23, 262
25, 301
92,186
Heavy
thous. of bbls..
91, 695
91,965
5,122
Imports.
thous. of bbls..
4,824
6,261
68, 789
Consumption (run to stills).thous. of bbls__
71,901
71, 206
1.198
Price, Kansas-Oklahoma
dolls, per bbl._
1.155
1.155
Oil wells completed
number. _
1,056
1,275
1,120
Gasoline:
ProductionRaw (at refineries)
thous. of bbls..
27, 716
28,118
28,010
3,245
3,119
3,214
Natural gas (at plants)..thous. of bbls..
3,481
4,101
Exports
thous. of bbls._l
3,097
Consumption
..thous. of bbls..
28, 409
29, 784
29, 779
Stocks, end of month.
thous. of bbls..
33, 455
29, 738
39,069
.170
Price, motor, New York
dolls, per gal._
.190
.175
Retail distribution, 21 States.thous. of gals.. 393,090 409,904 5 349,192
Kerosene oil:
4,484
Production
thous. of bbls__
4,420
4,686
2,637
Consumption
thous. of bbls..
3,389
3,280
8,120
9,038
Stocks at refineries, end mo.thous. of bbls..
8,373
.068
.070
Price, 150° water white
dolls. pergaL.
.068
Retail distribution, 13 States.thous. of bbls..
30, 857
38, 720 «349,192
Gas and fuel oils:
34,098
33, 693
Production
thous. of bbls..
32, 339
C onsumption—
By vessels
thous. of bbls.. ' 4,077
4,470
4,436
By electric pow. plants-thous. of bbls._
500
474
501
By railroads
thous. of bbls_.
3,756
3,921
4,145
Stocks at refineries, end mo-thous. of bbls..
28, 880
31, 631
30, 346
Price, Okla. 24-26, refineries..dolls, per bbL _
.600
.870
.850
Lubricating oil:
Production
thous. of bbls__
2,782
2,672
2,752
Consumption
thous. of bbls__
1,965
1,811
2,004
Stocks at refineries, end mo.thous. of bbls._
7,447
7,496
7,491
Price, cylinder oil*
dolls, per gal..
2.55
2.50
2.51
Asphalt:
Production
thous. of short tons__
333
335
340
214
Stocks, end of month..thous. of short tons..
176
192
Coke:
Production
thous. of short tons...
95
Stocks, end of month..thous. of short tons_304
306
314
Wax:
Production
thous. of lbs..
41, 576
47,979
47, 888
Stocks, end of month
thous. of lbs. _ 191, 501
180,645
170,172
6
8 Revised.
Cumulative through October 31.




77,081

73, 778

69, 664

345, 357

348,885

277,447

277,148

+1.

0

+5. 6
+25. 9

38, 554

310,058
38,827

240, 604
36,843

241, 584
35, 565

+1.1
+0.7

+28.3
+9.2

21, 609
91, 858
4,633
72,141
1.240
1,086

21,191
92,555
5,339

30, 390
87, 529
3,860
68,907
2.050
1,962

30,051
87,440
5,043
67, 641
1.750
1,749

-1.9
+0.8
+15.2
-3.3
-0.8
-3.9

28,903
3, 419
3,805
25, 497
29, 550
.170
310, 545

28, 558
3,410
3,654
24.400
30.401
.170

26, 337
2,907
2,687
23,943
33, 712
.210
320, 224

26, 245
2,967
3,779
20, 674
35,905
.210
299, 498

4,884
3,469
7,325
.073
310, 545

4,824
2,514
7,814
.073

5,126
3,148
8,238
.105
33, 653

5,357
3,506
8,060
.093
30,159

1.230
1,044

-4. 3

I

698, 249

55, 395
709, 780

51,947 jj - 6 . 2 :
761,344 |! +7.3.

17, 453

-29.5
+5.8
+5.9
+3.2
-29.7 "
-40.3

820,327 | i +17.5-

13, 775 [I - 2 1 . 1
302,155
35,239
40,154
274, 210

+11. 0
+20.7
+2.6
+14.1

6 3,107,821 63,198,850

+2.9-

56,369
35,103

51, 245
33, 776

-9.1
-3.8-

+3.1

331, 819

359, 313

+3.2

42, 595
8,596
40, 475

45, 748
6,128
6
40, 257

+8.3+7.4

-28.7
-0.5-

+8.8
+14.9
-3.3
+18.0
+2.9 -15.3
0.0 -19.0
-1.2
-0.3
-4.0
-4.3

—1.2
-27.5

+7.0
0.0

-28.3
-2.7
-21. 5

272, 236
29, 205
39,141
240, 394

•

34,045

32,594 (I

32,444

31, 624

4,594
503
4,652
33,191
.865

4,080
508

4,330
914
4,543
26, 376
1.356

3,952
959
4,318
26, 859
1.305

-11.2

-3.1

-35.8

2,768
1,777
7, 437

2,724
1,721
7,620
2.55

-10.2
-2.4
-0.8
-3.2

-9.1
+1.0
-1.3
-3.9

29, 642
20, 741

28,920
20,199

-2.4
-2.6

323
188

216
167

-12.9

+34.3

2,708

3,157

+16.6-

2,757
1,782
7,584
2.53

33, 637
.838
2,477
1,739
7,524
2.45

333
189

290
196

+0.6 -47.0
+1.3 +25.2

6

+3.7 +17.4

902
1,037 ! +15. 0
0.0 +12.1
91
286
+5.4 +22.0
530, 308 -10. L
589, 840
- 2 . 7 -11.9
54, 678
48,146
49,476
56,011
171,700 | 167, 925 177, 054
170,367
+0.8 - 3 . 0
'' See table on p . 27 of the November, 1927, issue for earlier data.

102
331

102
349

34
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE (—)
BER 30

1926

1927

September

October

November

October

November

37,328
3,717
20,634
6,585
4,676

29,125
4,642
12,572
6,028
3,980

22,929
3,447
8,903
5,324
3,475

222,556
40, 735
19,645

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

Perct.
increase

(

-y

or decrease
(-)
cumulative
1927
from
1926

281,620
221,880
40, 747
18,993

1920

1927

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of lbs.
Calfskins
thous. of lbs.
Cattle hides.
thous. of lbs.
Goatskins
thous. of lbs.
Sheepskins
thous. of lbs.
Stocks, end of month:
Total hides and skins
thous. of lbs.
Cattle hides
thous. of lbs.
Calf and kip s k i n s . . .
..thous. of lbs.
Sheep and lamb skins
thous. of lbs.
Prices:
Green salted, packers' heavy
native steers
dolls, per l b .
Calfskins, country No. 1
dolls, per l b .
Inspected slaughter of livestock:
United S t a t e s Cattle
thous. of animals.
Calves
thous. of animals.
Swine
thous. of animals.
Sheep
..thous. of animals.
Canada—
Cattle and calves
no. of animals.
Swine
no. of animals.
Sheep...
no. of animals.
Leather
Production:
Sole leather..thous. of backs, bends, sides.
Finished sole and belting
thous. of lbs.
Finished upper
thous. of sq. ft.
Oak and union harness
stuffed sides.
Skivers..
doz.
Unfilled orders:
Oak and union harness.
.sides.
Stocks in process of tanning:
Sole and belting
thous. of lbs.
Upper
thous. of sq. ft.
Stocks, end of month:
Sole and belting
thous. of lbs.
Upper
thous. of sq. ft.
Exports:
Sole
thous. of lbs.
Upper—
Total
thous. of sq. ft.
Cattle and calf
thous. of sq. ft.
Patent
thous of sq. ft.
Sheep
thous. of sq. ft.
Prices:
Sole, oak. scoured backs,
heavy, Boston
_
dolls, per l b .
Chrome calf, " B " grades, -dolls, per sq. ft_.

+2.7 +62.8
+7.8
+0.5
-4.3 +131. 8
+15.5 +23.7
+46.4 +34.6

37,299
4,025
20,506
5,770
4,654

55,397
5,544
33,495
6,973
6,245

43,665
4,545
25,383
6,485
4,510

36,356
3,699
21,561
5,700
3,195

232,103
172,008
38,441
21,654

239,049
180,700
36,321
22,028

243,326
188, 797
33,024
21,506

248,187
200,220
27,942
20,025

.219
.226

.215
.312

.224
.210

.233
.218

.242
.228

.161
.178

.153
.168

+3.9
+4.6

743
355
3,431
1,014

838
389
3,050
1,168

828
357
2,534
1,185

895
413
2,969
1,194

411
3,688
1,070

996
446
2,976
1,167

947
435
3,610
1,039

-1.6
-0.5
+24.2
-10.4

89,059
148, 586
33,031

108,610
161,474
59, 505

98,306
173,696
89,020

117,252
208,308
137,970

132,344
248,367
132,617

110, 746
216. 762
113,389

124,499
263, 527
119,940

+12.
+19. 2
-3.9

1,356
25, 576
60,224
91,819
22, 337

1,393
26,040
72,095
94, 541
26,296

1,337
24,447
69,399
85, 853
21,480

1,226
23,681
71,678
100,085
24, 738

1,170
22, 748
67,979
88,777
26, 502

-6.1

+3.5

205,480

196,326

215,099

207,921

I
188,261 |

-4.4

88,489
150,216

84, 753
148,821

81,015
144, 881

82,261
147,457

82,371 I
149,048 j

65, 746
248,819

63, 571
245,995

61, 355
241, 835

80,491
274,918

76,397 i
277,072

1,244

+58.2
+35.7
-7.0 I
-5.5 i
+2.2 I
+3.0 !

9,293
4,743
36,242
11,789

+6.3 i 1,
- 5 . 8 | 2,236,936
+10.6 |
499, 568

+6.3

12r359
e 215,358
692,900
1,123,382
6 221,429
fi

8,758
4,502
38, 767
11,789

+5.8
—5.1

+7.0
0.0

1,068,633
2,286,699
575,106

+6.0
+2.2
+15.1

14,583
6 251,064
6 670,842
899,200
6 231, 540

+18.0
+16.6
-3.2
—20.0
+4.6

-8.5

-10.1

+13.2

12,683

11,750
8,787
3,126
708

12,618
7,941
3,842
835

+28.9
+39.7
+16.4
-16.8

128,441
93,945
28,186
7,583

132,896
94,036
31,244
7,616

+3.5
+0.1
+10.8
+0.4

.55
.51

.43
.45

.43
.45

0.0
0.0

+27.9
+13.3

32,153
376

433

31,662
407

!6, 758
546

+15.2

-20.7

«272,340
5,209

5 293,996
5,133

+8.0
-1.5

+1.6
+3.1
0.0

730
10,339
7,340
2,242
757

11,966
7,634 |
3,448
884 !

16,261
11,093
4,473
695

.51
.51

.53
.51

.53
.51

.55 !
.51 !

s 33,933
312

+18.2
-2.4
+51.2
-7.3
-4.0

+35.9
+45.3
+29.7
-21.4

753
10,470
7,375
2,216
879

35,061
337

407,965
41,031
212.768
75,968
53,567

635

820
11, 725
7,702
3,161
862

Leather Products
Shoes:
27, 775
Production
thous. of pairs.
456
Exports
thous. of pairs.
Wholesale pricesMen's black calf
blucher, Mass
dolls, per pair.
6.40
Men's dress welt, tan
5.00
calf, St. Louis
dolls, per pairWomen's black kid, dress
welt, lace, oxford
dolls, per pair..
4.00
Gloves:
Glove l e a t h e r Production
thous. of skins.
753
Stocks (tanned)—
In process
thous. of skins.
1,639
Finished
--thous. of skins..
2,848
Gloves, c u t Total.dozen pairs. . 213,773
Dress and s t r e e t Imported leather
dozen pairs. _ 57,887
Domestic leather
dozen pairs..
30,720
Work gloves._.
-..dozen pairs.. 125,166

345,091
42,033
140,676
81,900
55,787

879

719

6.40

6.50

6.50

6.50

6.40

6.40

0.0

5.00

5.00

5.00

5.00

4.85

4.85

0.0

4.00

4.00

4.00

4.00

4.00

4.00

0.0

898

882

987

684

662

1,589
2,636

1,494
2,614

1,467
2,457

1,818
2,599

229,999

244,090

229,798

196,060

64,010
41,669
135,973

60,851
38,132
131,016

59,601
36,537
147,952

56,087
34,837
138,874

51,605
31,046
113,409

41,938
37,677

50,535
32,810

48,933
33,301

50,133
30,184

38, 592

58,401
29,334

52,325
39,155

58,800
41,209
.255
* Revised.

63,000
45, 706
.243

62,400
37,341
.230

64,700
37,130
.249

.273

+22.2

1,839
2,541

241,652

8,909 ! - 2 9 . 8

6 6,864

2,205,991

+3.9

6 510,718 6 599,257
6 335,924 « 361,497
81,277,146 «1,245,237

+17.3
+7.6
-2.5

2,123,799

RUBBER
Crude Rubber
World shipments
Imports (including latex)
Stocks, end of m o n t h :
Plantation, afloat
Consumption b y tire mfrs
Wholesale price, Para, N . Y




..long t o n s . .
long t o n s . _
long t o n s . .
thous. of l b s . _
dolls, per lb__

+27. 9

-1.4

73,100
36, 737
+9. 6 | - 4 . 5
.286
• Cumulative through Oct. 31
71,340
43,137
.333

6 505,067
375,446

6 499,826
395,521

+5.3

«444,190

•448,496

+1.0

—1.0

35
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise
noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey'*

August

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE (—)
BER 30

1926

1927

September

October

November

October

November

Nov.,
1927,
from
Oct.,
1927

Perct.
increase

(+)

or decrease

Nov.,
1927,
from
Nov.,
1926

(-)

1926

1927

cumulative
1927
from
1926

R U B B E R - C ontinued
Tires and Tubes
Pneumatic tires:
Production
Stocks, end of month
Shipments—
Domestic
Export
.
Inner tubes:
Production
Stocks, end of month
Shipments—•
D omestic
Export
Solid and cushion:
Production
Stocks, end of month
Shipments—
Domestic
Export...

thousands. _
thousands. _

3,835
8,522

4,334
8,070

3,638
7,325

3,603
7,287

3,833
7,454

3,250
7,810

6 39, 409 |

thousands..
thousands..

4,316
180

4,168
136

3,484
133

3,318
89

2,708
98

6

144

thousands..
thousands..

3,971
12,028

4,871
11,023

4,247
10,162

3,809
10,187

4,665
11,970

thousands..
thousands. _

5,205
104

96

4,973
103

3,685
93

4,046
61

thousands..
thousands..

48
180

thousands..
thousands...

+5.9

37,082
6
883

6 40,140
6
1, 694

+8.2
+91.8

3,644
12,469

6 49,910

« 45,362

+9.1

2,984
54

6 45,924
6
654

6

46,680
«977

+1.6
+49.4

43
5

36
173

34
162

45
159

45
158

6 487

505

+3.7

42
4

49
183

6

40
4

51
5

38
7

M26
647

«449
6 56

+5.4
+19.1

22, 735
8,737
18,204

-3.7
+11.5
+45.6

160, 549

+6.6

Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal...
Auto fabrics
Clothing fabrics
Rubber heels:
Production
Shipments—
Toshoemfrs
To repair trade
Stocks, end of month

thous. of yds..
thous. of yds..
thous. of yds..

2,160
712
2,047

2,475
802
2,723

2,607
756
3,123

2,707
819
3,179

3,538
962
2,987

2,910
772
1,440

thous. of pairs..

15,907

18,363

18,452

21,151

18, 513

16,759

thous. of pairs.
thous. of pairs..
thous. of pairs..

-15.6

6

9,091
6,377
42,199

131,325
137,569
141,163
28, 308

167, 597
162, 812
193,040
39,123

164, 278
155,409
200,932
26, 712

-4.1
+33.6

119,970
2.60

s 213, 472
s 213, 524
5 38, 234
133,170
2.53

210,886
209,810
39,310
142, 736
2.53

235,848
237, 560
42,130
121,806
2.75

227,186
225, 202
43,638
123, 582
2.75

-1.2
-1.7
+2.8
+7.2
0.0

140, 427
164,798
183, 368

+2.2

6, 936
41,056

8,882
8,170
38, 696

10, 546
9,305
39,723

108,322
127, 623
218,795
13,344

102, 995
136,569
185,222
18, 596

«92, 025
«120,326
156, 574
28,389

« 121,051
5 130,465
« 147,160
21,190

220,138
220,162
40, 254
119,121

209,776
211, 744

150, 612
6

9,777
9,556
44,105

10,624
8,676
38,849

6

6 23,610
7,834
6 12, 504

-10.5

86, 702
57, 565

6
6

6

83, 536
70,355

-3.7
+22.2

1,449,976
1, 509,433

-14.8
-10.8

279, 768

221, 938

-20.7

- 7 . 2 j 2, 454, 048
- 6 . 8 2, 461, 342
-9.9
+15.5 1, 281, 284
-8.0

2, 373, 554
2, 371,140

-3^7

1, 282,188

+0.1

1, 542,415
1, 714, 020
1,

1, 367,997
1,900,687
1,893,945

1, 541, 555
1, 712,824
1, 681,180

1,
1,876^ 651
1,803, 724

18,419
1, 575, 578

11,876
1, 712, 664

-11.3
+10.9
+4.1
-12.2
+9.6
+7.3
-35.5
+8.7

6

6

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
_
short tons..
Consumption and shipments...short tons..
Stocks, end of month..
short tons..
Imports
.short tons..
Chemical:
Production
_
.short tons
Consumption and shipments...short tons
Stocks, end of month
short tons..
Imports
short tons..
Price, sulphite
dolls, per 100 lbs..
Newsprint Paper
Production:
United States
Canada
_
Consumption by publishers
Shipments:
United States
Canada
Imports
Exports:
United States...
Canada
Stocks, end of month:
At m i l l s United States
Canada
_
At publishers
In transit to publishers
Price, roll, f. o. b
dolls,

40J 278
117,734
2. 60

+8.5
+5.4

-20.1
-11.5
-29.7

+6.0

-16.5
- 0 . 5 +15.5
+0.3 +1.1
-1.5 -17.3
141,042
-0.5 +12.3
167,135
169, 577 +8.2 +10.7
1,256 +14.6 -32.6
153, 729 +13.0 +17.1

short tons..
short tons..
short tons..

118,929
162,564
157,325

127,129
180,175
154,167

114, 735
178,815
169, 286

114, 675
191,171
184,805

117,222
190, 293
185,302

142, 482
168,500
186,860

short tons..
short tons..
short tons..

119,840
159,843
159, 687

124, 402
180, 666
167,475

114, 325
177,195
168, 630

118,371
188, 769
173, 540

116, 612
187, 756
187, 796

145,818
168,821
172, 603

short tons..
short tons..

983
140,543

1,215
163,115

704
168, 855

739
159, 284

847
179,969

1,403
159, 509

short tons..
short tons..
short tons..
short tons._
per 100 lbs..

27,764
32,282
205,967
40,476
3.30

30,335
31,743
231,992
40,916
3.30

30, 751
33,384
225,310
45,570
3.30 I

27,939
35, 774
214,872
45,789
3.25

28, 543
38, 074
214,639
46,176
3.25

14,633
14, 942
161,917
43,359
3.50

13,592
12,571
180, 663
37,399
3.50

723
105

129

920
187

737
174

12,231
8,870
90

12, 739
13,446
93

Printing
Book publication:
American manufacture
no. of titles..
Imported
no. of titles..
Sales books:
New orders
thous. of books..
Shipments
thous. of books..
Printing activity* .weighted index number..

830
143

+2.2
+6.4
-0.1
+0.8
0.0

+110.0
+202.9
+18.8
+23.5
-7.1
6
6

13,851
12,898
105

12,126
13, 086

11, 719
12,814
103

11,091
12,386
103

-12.5

Operation
thous. of inch hours..
7,413
8,675
8,902
Operation
per ct. of capacity..
74.2
82.3
86.8
85.6
Production
short tons.. 189,875 232, 723 225, 633 5 226,141
New orders
short tons.. 212,434 227,397 235,960
221,548
Unfilled orders, end of month
short tons._ 115,097 112, 763 120,331
105,600
Consumption of waste paper
short tons.. 180,822 227,430- 216,101
220,974
Shipments
short tons.. 194,131 229,719 5228,393
228,222
5
52, 283
43,115
Stocks, end of month
..short tons..
49,519
41,863
•Stocks of waste paper, end of month:
On hand
tons.. 151,094
127, 649 5128,443
130, 503
8
In transit and unshipped purchases..tons.-I 51,520
53,875
65,008
72,087
s
Revised.
• Cumulative through October 31.

8,422
84.2
218,170
188,130
77,049
208,197
216,909
42,834

9,659
92.9
226,180
224,829
93,263
216,871
233,593
55,650

8,527
85.0
217,850
187, 295
60,118
201,633
211,005
62,058

-5.4
-1.6
-3.5
-15.1
-27.0
-5.8
-5.0

12, 277
12,387

1, 701, 734
1, 692, 739

+1.5

+9.3
+5.7

6

6,797
1,376

132,713
131,058

6

7,341
1,150

+8.0

-16.4

134,928
130,238

+1.7
-0.6

Box Board




+2.3

-1.2
-0.9

+0.1
+0.4
+11.5
+3.3
+2.8

96,683

89,239

-7.7

2,363,837
2,316,122

2,292,763
2,295,958

-3.0
-0.9

2,261,978
2, 349,127

2,195,819
2,300, 556

-2.9
-2.1

-31.0

+6.5
-9.5
142,830 151,187
59,076
46,175 -19.8 +13.0
' See table on p. 25 of the November, 1927, issue for earlier data.
136,784
52,161

36
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE (—)
BER 30

1936

1927

September

October

November

October

November

Perct.
increase

Nov., Nov.,
1927,
1927,
from
from
Oct., Nov.,
1926
1027

crease
(-)
cumulative

1926

1927

1927
from
1926

TAPER AND PRINTING-Continued
Binders' Board*
Production

short tons-

2,218

3,534

2,112

112,984
75,749

106, 205
75, 749

109,391
74,234

84
83
70
7

75
77
76
7

83
77
76

2,043

111, 579
77,203

113,046
62, 378

115, 307
61,130

+2.0
+4.0

-3.2
+26.3

83
81
77

92
94

79

0.0
+5.2
+1.3
+12.5

-6.7
-8.0
-2.5
+28.6

0.0
0.0
-9.4
-11.1

-11.2
-16.1
-17.2
-38.5

-3.5

2,461

Book Paper
Book paper, total:
Production
short tons.. 100,879
Stocks, end of month
short tons.- 73,543
Coated book paper:
88
Production
per ct. of normal-.
83
Shipments...per ct. of normal production..
79
New orders..per ct. of normal production..
9
Unfilled orders, end of month
days..
Uncoated book paper:
80
Productionper ct. of normal..
80
Shipments...per ct. of normal production..
77
New orders..per ct. of normal production..
8
Unfilled orders, end of month
days..

99
100

85
78
82

13

1, 228, 567

1, 221, 088 ; - 0 . &

Other Paper
Wrapping paper:
85,305
Production
short tons..
76, 796
Stocks, end of month
short tons..
Fine paper:
33,360
Production
short tons..
Stocks, end of month. _
_.short tons. _ 48,801
All other grades:
90,382
Production....
short tons..
Stocks, end of month
short tons..
72, 738
Total paper (inc. newsprint and box board):
Production
short tons.. 618, 730
Stocks, end of month....
short tons.. 349,161

94,193
78, 626

« 92, 795
5 80, 907

89, 532
82,230

95,384
67, 914

92,125
67,446

994,345 |J +0.9=

+1.6

-2.8
+21.9

985, 505

81, 737

37,098
50,199

37, 329
50, 756

s 38, 814
5 50, 903

36, 665
50,173

37, 756
51, 609

38,113
52, 959

-5.5
-1.4

-3.8
-5.3

423,461

408,581 jj —3.5

101,157 5 103,058
« 73, 357 s 72, 594

97,080
72, 289

109,903

105, 511
67, 746

-5.8
-0.4

-8.0
+6.7
-5.5
+8.7

1,137, 222

098,507 |! - 3 . 4
!'

7, 681, 007

383,281 1 - 3 . 9
1

103, 623
74, 302

jj

707, 750
361,494

674, 755
5 355,465

«684,874
5 348,440

670,248
353, 272

724, 751
321, 092

709, 333
324, 931

-2.1
+1.4

400, 806
317, 529
83,277

386,039
308, 585
77,454

427, 263
348,835
78,428

395,491
320, 511
74,980

476, 543
386,104
90,439

431, 378
353,307
78, 071

-7.4
-8.1
-4.4

-8.3
-9.3
-4.0

77
76
81

87

82

-9.4
-10.6
-2.4

-3.7
-7.3
+12.5

Paperboard Shipping Boxes
Production:
• Total
Corrugated
Solid
fiber
Operating activity:
g
y
Ttal
Total
Corrugated
Solid
fiber
Paper boxes:
Shipments
Payroll

I
thous.of sq.ft.J 383, 565
thous. of sq.ft.. 308, 585
74,980
thous. of sq. ft..

85
80
72
68
per cent of normal..
85
79
76
per cent of normal..
83
84
82
per cent of normal..
j
I
1, 214, 888 1, 375, 977 1,566,848 I
dollars, J 1,018,079
340, 692
317,485
356,032 !
dollars.. 276,569

-2.7
-1.6
-6.7

612,057,843 1611,727,431 i
6 3, 223,855 6 3, 081,373 |

1, 641, 956 1, 742, 204
390, 361
398, 390

4,377,873 I
3,512,054
865,819

-2. 7
-4. 4
=

4,498, 700
3, 570, 347
928, 353

Other Paper Products
Abrasive paper and cloth:
Domestic sales
reams. _
Foreign sales
reams._
Labels, orders...
per ct. of capacity.-

89,802
13,123

72, 748
15,903
97.1

-14.6
-10.9
-44.6

0.0
+3.1
44.0

955, 321
148, 294

921,716 I - 3 . 5
176,562 ! +19.1

4,290
145,180

18,162
7,273
158,217

14,802
4,738
144,942

-36.1
-3.0

-9.5
+0.2

6 168, 828
58, 532
1,704,734

6 120, 999 j - 2 8 . S
57,679
-1.51,624,412 ! - 4 . 7

180
184

192
192

192
192

-0.6
-0.5

-6.2
-4.2

77, 655
16, 522
66.1

89, 622
13, 584
79.0

85, 379
14, 361
77.7

85,155
18, 389
98. 2

72, 726
16, 392
54.4

10, 449
4,013
150, 492

11,820
8,347
146,345

13, 425
7,800
140, 441

13,248
6,711
149, 667

190

187

181
185

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Portland, Oreg.f—
Minneapolis, Minn
Real estate conveyances (41 cities)

number..
number..
number-.

Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of month
Brick house, 6-room, 1st of month
Concrete factory costs (Aberthaw),
1st of following month
Building costs (Engineering News Record),
1st of following month
Buildings costs (A. G. C.)
_.
Construction costs (Am. appraisal):
Frame...
index number..
Brick, wood frame
index number..
Brick, steel frame
index number..
Reinforced concrete
index number. _

1.34

187
192

192

191

197

197

0.0

-3.0

204
199

191
204
201

191

206
199

202
201

204
200

211
195

211
196

+1.0
-0.5

-3.3
+2.0

205
214
197
200

205
214
197
200

205
215
197
200

205
215
196
201

205
215
196
200

204
213
198
201

204
213
198
200

0.0
0.0
0.0
-0.5

+0.5
+0.9
-1.0
0.0

10,880
5,839
39,354
5,784

9,723
5,453
38,046
4,114

11,821
5,544
45, 608
4,103

7,451
6,382
41,002
4,477

11,141 I 9,616
6,613 i 6,613
41,814
41,691
3,404 ! 4,562

-37.0
+15.1
-10.1
+9.1

-22.5
-3.5
-1.7
-1.9

7,310
69, 863

6,810
64, 858

Building Construction and Losses
Contracts awarded (36 States):
12, 485
Commercial buildings
thous. of sq. ft-.
5,484
Industrial buildings
-thous. of sq. ft..
34, 803
Residential buildings
thous. of sq. ft..
Educational buildings
thous. of sq. ft_.
5,207
Other public and semi6,465
public buildings
thous. of sq. ft._
65,182
Grand total
thous. of sq. ft..
5
Revised.
6
Cumulative through Oct. 31.




131, 640
72, 849
461, 895
49, 396

123,061
63, 689
435, 530
49,481

—6. 5
-12.6
—5. 7

60, 561
5,181
- 5 . 9 +16.1
6,393
6,014
5,768
-2.2
18,049 I - 9 . 8
I
69, 316
73, 765
66, 560
781,404
* See table on p. 27 of the November, 1927, issue for earlier data,
f See table on p. 25 of the November, 1927, issue ior earlier data.

70, 591
751,504

+16. f
>
-3.8

+0.2

37
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives
shown are through
November, except where otherwise
noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey
"

July

August

September

PER CENT IN- CUMULATIVE TOTAL iPerct,
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEM- | inDECREASE (—)
BER 30

1926

October

November

October

November

Nov.,
1927,
from
Oct.,
1927

j or decrease

Nov.,
1927,
from
Nov.,
1926

1926

1927

cumulative
1927
from
1926

BUILDING CONSTRUCTION AND
HOUSING—Continued
Building Construction and Losses—Con.
Contracts awarded, value (36 States):
Commercial buildings
thous. of dolls.-l 81,130
29,043
Industrial buildings
-thous. of dolls..
Residential buildings
thous. of dolls,. 180,840
35,006
Educational buildings
thous. of dolls..
Other public and semi52,326
public buildings
thous."of dolls..
Public works and utilities..thous.Iof dolls.. 135, 581
Grand total
thous. of dolls. _ 513,926
50, 881
Contracts awarded, Canada
thous. of dolls..
221
Building volume (A. G. C.)
index number..
Fire losses:
24,249
United States and Canada.-thous. of dolls..

73, 698
40,047
201, 743
40,144

56,938
48,052
196, 501
28,344

77, 726
50,370
236,870
29, 699

41,893
49, 203
207,308
30, 642

61,219
45, 740
218, 982
23,076

56,403
64,552
223,305
33, 535

-46.1
-2.3
-12.5

-25.7
-23.8
-7.2

810,468
811,886
629, 967
447, 767
2,379, 844 2,287,141
345,148
346, 314

61, 951
117,053
534, 639
29,881
238

52, 742
123, 254
505,830
32, 788
236

48, 555
105, 932
549,152
47,135
222

45, 744
68, 716
443, 506
30,261
215

49,837
100, 512
499,366
43,384
200

46, 782
49,122
473, 700
34, 972
210

-2.2
+39.9
-6.4
-13.5
+2.4

516, 806
603, 696 +16.8
949, 656 1,121,058 +18.0
5, 582,887 5, 619, 782 +0.7
359, 221
382, 270
+6.4

24, 300

21,875

22, 327

18, 992

14,877

26, 724

-5.8
-35.1
-19.2
-35.8
-3.2
-14.9

+3.2

349, 252

+0.2
-28. S
-3.9
+0.3

288, 662

-17.3

+2.9
+3.9
+20.5
+12.1
-8.4
+215. 5
-15.3

4, 937, 419 4, 754,261
5,085,882 4, 740, 647
5,011,788 4,843,073

-3.7
-6.8
-3.4

-1.2
-10.2
-11.8
-2.8
-14.9
-4.6

5, 902, 234 5, 534, 718
5, 952, 815 5, 491, 298
6,035,631 5, 539,642
634, 783
647,325
473,395
509, 322

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
Production (computed)
M ft. b. m._ 413, 634 455, 798 457, 587 438, 708 439, 773 441,419 427, 430 +0.2
-0.8
457,297 426,171
Shipments (computed).
. . M ft. b. m__ 399,064 473, 029 477,046 446, 696 442,920
-3.8
431,254 362,275
New orders (computed)
M ft. b. m._ 388, 511 487, 599 483,097 453,811 436,385
Stocks, end of mo. (computed)-M ft. b. m._ 1,255,002 1,220, 663 1,193,268 1,190,112 1,194,404 1, 045, 688 1,065, 538 +0.4
43, 550
48, 637
49,122
47, 531 -10.5
66, 790
48,260
72, 334
Exports, lumber
M ft. b. m._
183
162
179
113
58 +61.9
210
498
Exports, timber
M ft. b. m__
36.42
43.54
43.02
37.49
37.98
-4.1
37.68
38.31
Price
flooring
dolls, per M ft. b. m._
Douglas fir:
497,337
-7.7
564,036 503,603
Production
M ft. b. m__ 468, 240 529,120 542,102
Shipments (computed)
M ft. b. m__ 499, 575 521, 958 492,860 491,070 411, 389 517, 928 457, 943 -16.2
511, 661 512, 556
-2.6
New orders...
M ft. b. m__ 489, 727 519, 719 487, 936 464,211 452,124
25,137
56,204
65,121
73, 717
63, 801 +10.3
61, 999
52,837
Exports, lumber
M ft. b. m._
32, 708
64, 781
56, 042 +207. 9
47, 711
15,498
48, 864
58,441
Exports, timber
M ft. b. m._
17.16
15.48
15.17
16.23
16.51
16.39
16.51
+2.0
Price, No. 1 common.dolls. per M ft. b. m_.
Price, flooring, 1 x4, " B " and
35.08
35.47
37.41
35.83
35.83
37.91
35,88
-1.1
better, V. G
M ft. b. m_.
California redwood:
52, 925
43,142
53, 977
42, 343
35,177
40,463
49,906 +22.7
Production (computed)
M ft. b. m__
40, 578
42, 676
53,022
41,418
36, 055
39, 742
47,116
-4.9
Shipments (computed)
M ft. b. m__
36,492
42, 373
39,680
35,147
49,886
46, 259 +13.4
41, 376
New orders (computed)._
M ft. b. m__
California white pine:
92,762
138, 768 100, 885 -24.0
Production
_M ft. b. m_. 139, 651 159, 670 150,088 122,029
92,568
109,915
91,472 -25.1
Shipments
__M ft. b. m__ 109, 760 122, 064 119, 652 123, 538
659,171 674, 249
+0.2
Stocks, end of month
_M ft. b. m._ 567, 809 603,451 629, 284 623, 671 624,651
Western pine:
Production (computed)
M ft. b. m._ 156, 524 169, 338 145,101 H34, 691 114, 247 153, 716 125, 685 -15.2
162, 282 1-30,469 -20.6
Shipments (computed)
M ft. b. m._ 132,122 150, 979 150. 768 5153,019 121,484
Stocks, end of mo. (computed).M ft. b. m__ 1, 073, 739 1, 095,370 1,089, 500 51,069,825 1,072,869 1,150,089 1,142, 636 +0.3
North Carolina pine:
57, 295
53, 781
50,050
53, 522
50,190
53, 711
-6.6
52,129
Production (computed)
_.M ft. b. m._
47,291
-9.5
56,133
50, 813
52, 934
52, 234
Shipments (computed
M ft. b. m__
48, 727
54, 019
Northern pine:
Lumber25, 649 -20.3
41,148
32, 815
51, 054
52, 296
46, 852
46, 359
Production
M ft. b. m._
39,452 -16.1
39,175
32, 857
42, 501
50,396
39,195
40,433
Shipments
. . . M ft. b. m._
24, 677 -18.2
33, 698
27, 569
36.884
41, 460
32,098
39,203
New orders
M ft. b. m__
Lath5,729 -32.0
6,144
9,034
13,050
14, 272
11, 979
Production
thousands _ _ 13,090
7,941
4,342 -32.3
5,377
15,612
11,819
15, 229
Shipments
thousands..
9,796
Northern hemlock:
15, 504
9,188
15, 024
21,369
14, 277
15,395
Production
M ft. b. m__
17, 797
17, 914
19, 500
22, 693
19,187
21,324
Shipments
___M ft. b. m._
Hardwood Lumber
Walnut lumber:
Production
_
M ft. b. m._
Shipments
M ft. b. m._
Stocks, end of month...
M ft. b. m__
New orders
M ft. b. m_.
Unfilled orders, end of month.M ft. bl m_.
Walnut logs:
Purchased..
M ft. log measureMade into lumber and
veneer
M ft. log measure..
Stocks, end of month...M ft. log measure..
Northern hardwoods:
Production
M ft. b. m__
Shipments
M ft. b. m__
All hardwoods:
Total stocks, end of m o n t h Total hardwoods
M ft. b. m._
Gum
M ft. b. m . .
Oak
-__.M ft. b. m-_
Unsold stocks, end of m o n t h Total hardwoods
M ft. b. m._
Gum
M ft. b. m__
Oak
M ft. b. m__
Unfilled orders, end of month—
Total hardwoods
M ft. b. m__
Gum
__M f . b. m_.
t
Oak.
M f . b. m._
t




3,000
2,798
11, 796
3,046
7,364

3,234
2,921
2,824
2,967
11,739 I 12,149
2,335 ! 3,127
6,982 I 6,282

522,886
19,937

-7.1

477,057
445, 936
476,439

-5.4
+7.8
+3.4

-8.1
+1.2
-7.4

1,403,380 1,130,978
1,273,692 1,144,155

-19.4
-10.2

-9.1
-6.9
-6.1

1, 641,006 1, 473, 921 -10.2
1, 669, 542 1, 531, 390 - 8 . 3

+6.9
+7.4

544, 894
541,450

565, 712
565, 810

+3.8
+4.5

+27.9
-16.7
+11.7

460, 551
513,842
467, 774

462,140
427,040

+0.3-16.9
-16.8

+7.2
+23.8

119. 952
124,147

114,422
115, 976

-4.6
-6.6

6167, 703
6
203, 799

+3.0

6
180,
6

623
197, 925

-7.2

2,378
3,310
11, 591
2,737
7,039

+10.7
-4.8
+3.5
+33.9
-10.0

+36.0
-14.7
+4.8
+14.2
-10.8

1,833

2,273

+37.9

+54.6

27, 667

32,553

+17.7

2,143
1,941

2,335
1,754

+7.9 +30.0
+15.2 +107. 9

26, 896

29,086

+8.1

6332, 799
6
283, 630

6311.060
6
285, 275

-6.5
+0.6

2,320
3,688
12, 503
2,920
7,521

3,083

3,308

3,773

2, 549 |

3,515

2,583
3,316

2,937
3,687

2,995
3,465

3,035
3,646

21,879
28, 347

27,077
29, 750

18, 536
26, 475

2,814 !
3,166 |
i
15,488 !
27,623

13,034
29, 247

11,394
26,153

801,223
212,043
284. 908

843,886
221,167
308, 723

853, 948
231, 300
313, 817

873, 696
237,395
318, 944

889, 772
241,868
321, 900

884,608
224,008
301,135

897,818
231,160
308,099

+1.8
+1.9
+0.9

-0.9
+4.6
+4.5

633,359
164,185
222, 997

664,677
170,437
242,208

683, 762
179,246
257, 604

697,288
180,899
259, 794

705,678
184,015
259,053

673,856
164,309
227, 982

690, 785
168, 703
235,911

+1.2
+1.7
-0.3

+2.2
+9.1
+9.8

196,905
61,634
67,836

210,432
66,409
72, 736

196,757
64, 384
62,011

204,701
68,494
65,499

242,254 239,059
+4.8
76, 790
73.184
+2.6
79, 739
82.185
+4.9
3
Cumulative through Oct. 31.

-10.2
-8.5
-13.8

5 Revised.

-6.2
-7.8
-8.2
-1.9

451, 285
480, 709
492, 520

3,314
3,127
11,796
2,461
7,522

214,616
70,282
68,699

+25.9
-82,8

-6.2
+6.0
-13.9
-10.6

2,987
2,661
11, 436
3,060
8,249

!

658,511
3,435

30,162
36,140
34, 952

!

32,169 ! +6.7
32,220 j -10.8
32,624 j -6.7

38
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEM| DECREASE ( )
—
BER 30

1926

August

November

October

October

87,000
77,000
80,000

93,000
101,000
100,000

November

Nov.,
1927,
from
Oct.,
1927

Perct.
increase

(+)

or decrease

j Nov.,
| 1927,
| from
! Nov.,
I 1926

1926

-3.3
-15.4
-13.0

973,0C0
987,000
1,019,000

1927

(-)
cumulative
1927
from
1926

LUMBER PRODUCTS—Continued
Hardwood Lumber—Continued
All hardwoods—Continued.
Production (computed)
Shipments (computed).
New orders (computed)

77,000
73,000
71,000

M ft. b. m
M ft. b. m
M ft. b. m

94,000
79,000
85,000

96,000
82,000
85,000

93,000
5 83,000
5 87,000

90,000 i - 6 . 5
91,000
-7.2
92,000
-8.0

888,000
918,000
937,000

-8.7
-7.0
-8.0

Total L u m b e r
Production, 10 species
M
Exports, planks, joists, etc
M
Retail yards, Minneapolis district:
Sales
M
Stocks, end of month
M
Composite lumber prices:
Hardwood..
.dolls, per M
Softwoods
dolls, per M
Flooring
Maple flooring:
Production
M
Shipments
M
Stocks, end of month
M
New orders
M
Unfilled orders, end of month..M
Oak flooring:
Production
M
Shipments
M
Stocks, end of month
M
New orders.
M
Unfilled orders, end of month..M

ft. b. m
ft. b. m

2,283,442 2, 576,986 2,487, 733 52,369,811 2,241,832 2,468, 949 , 279, 825
191,145 191,764 188, 579 171,074 167,986
121,116
164,263

ft. b. m.
ft. b. in

18,154
102,260

16, 618
87, 656

ft. b. m
ft. b. m

42.59
30.57

42.40
29.49

b. m.
b. m
b. m.
b. m
b. m

9,691
9,536
26,146
4,044
9,083

11,557
10,939
26, 338
7,344
11,027

10,283
9,843
25, 921
7,748
9,619

10,558
8,124
26,837
7,493
8,202

ft. b. m
ft. b. m
ft. b. m
ft. b. m
ft. b. m

38,435
30,155
66,102
21, 699
29, 773

40,426
38,932
66, 253
36,139
27,036

39,498
38,084
66,416
37,430
25,127

38, 540
38,349
67, 244
35, 716
22, 764

55
25
23

53
25
27

50
30
29

50
10. 5

55
9.0
98.0

58
7.5

ft.
ft.
ft.
ft.
ft.

14,435
86,248
41.64
29. 74 i

-5.4
-1.8

+2.3

—1.7

27,411,517 25,791,711 j - 5 . 9
1,774,483 1,991,027 j +12.2
159, 711

149,326 | - 6 . 5

-33.6
-25.9
-17.9
+1.0
+6.7

108,184
108,642

105,005 ,1 - 2 . 9
104,477
-3.8

-16. 6
-10.2
+15.5
-7.1
-26.1

495, 564
472, 575

419,620 - 1 5 . 3
413,043 ; - 1 2 . 6

447, 736

400,542 j - 1 0 . 5

126,165

100,035

-20.7

119, 704
148,186

95,842
123, 933

19.9
16.4

6 36,434
6 39, 344

6 30,150
6 28, 313

-17.2
-28.0

2,227

1,075

-51.7

7, 765,031 7,919,920
7,999,218 8,371,170
7,478, 836 5,583,460

-25.3

16,247

12,428
74, 658

16,050
78,477

12,001
73,666

-23.5
-7.1

+3.6
+1.3

40.02
31.77

39.04
28.29

40.93
30.28

41.15
29.98

-2.4
-11.0

-5.1
-5.6

8,073
7,238 i
27,610
6,233 i
7,843 |

11,616
11,961
31,314
7,115
8,580

12,152
9,765
33,619
6,171
7,350

-23.5
-10.9

33, 389
30,998
69,449
31,425
24,080

45,056
42,859
55,273
37,767
35, 578

40,029
34, 501
60,145
33, 827
32, 603

-13.4
-19.2

!
!
I
I
I

+2.9
-16.8
-4.4

+3.3
-12.0

+5.8

93,368

0,172 ! - 1 4 . 1

Wooden F u r n i t u r e
Grand Rapids district:
Unfilled orders, end of
month
No. of days' production..
New orders
No. of days' production..
Shipments
.No. of days' production..
Outstanding accounts, end of
month
. . . N o . of days' sales..
Cancellations
per cent of new orders. _
Plant operation
per cent of full time..
Piano benches and stools:
New orders (av. per
firm)
dollars.
Unfilled orders, end of month
(av. per
firm)
dollars.
ShipmentsValue (av. per
firm)
dollars.
Quantity (total)
pieces..
Plywood a n d Veneer
Plywood:
New orders
thous. of sq. ft. of surface..
Shipments
thous. of sq. ft. of surface. _
Unfilled orders, end of
month
..thous. of sq. ft. of surface..
Rotary-cut veneer:
Receipts
number of carloads
Purchases
number of carloads..

89.0
6,273

60
34
31
13.5
102.0

5S
11 0
100.0

61
12.0
102.0
13,557

99.0
14, 395

12,291

16,891

5,331

9,597

4,883

8,649

12,935
17,401

12,667
16, 661

14,716
18, 709

15, 533
20,474

3,882
3,786

3,791
3,625

4,807

4,548

184
111

214
231

10,988
2,773

1, 517
6,322
8,191

8,342
10,879

2,251
2,134

2,890
2,616

3,415 !
3,310 I

2,773
3,516

3,059

3,162

3,767

3,502

83
116

122
162

112
105

101
79

3,884
9,863
12,469

102
96

-14.6 I - 9 . 3
-8.4 ! -26.7
-2.1
-4.3

-18.5
-18.6

+1.0 - 5 2 . 3
+21. 5 - 5 8 . 4

Barrel Headings
Circled headings for wooden barrels:
Production (rough)
Shipments (finished)
New orders (finished)
Unfilled orders, end of month
Stocks on hand, end of month

sets. _ 1, 281, 528 855, 308 707,207 480,438 753,053
752, 557 +56. 7
862,800
+.1
sets. 1,143,909 805,059
871,742
703,532
697,679
831,402
965,924
+4.9 I +24.9
sets.
630, 744 413,443
226,918 1,159,314
542,291
534,616
746,657
-69.6 -57.6
sets.
637,984 1,923,653 1,131,618 1,175,241 1,064,723 2,753,279 2, 577,303
- 9 . 4 -58.7
sets.. 3, 273, 312 3,169,910 '3,821,508 3,396,865 3,203, 702 2,993,355 3,069,088
+4.4
-5.7

+2.0
+4.6

STONE, CLAY, AND GLASS PRODUCTS
Clay Products
Face brick, averages per plant:
Production
thousands..
842
776
Shipments
.thousands..
785
825
Stocks, end of month
thousands..
2,513
2,564
Unfilled orders, end of month, .thousands..
1,026
1,069
Common brick:
Stocks, end of m o n t h Burned
thousands.. 353,428 427, 277
Unburned
..thousands.. 170,178 178, 357
Shipments
thousands.. 211,451
194,971
Unfilled orders, end of month..thousands_. 235, 323 231,637
Plants closed down
.number..
12
10
Price, red, New York
dolls, per thous .
11. 75
11.75
Porcelain plumbing fixtures: *
Net new orders
piecesShipments
pieces.
Unfilled orders, end of month
pieces.
Stocks on hand, finished glost, end
of month
.pieces.
6
5
Cumulative through Oct.
Revised.




798
693
2,466
880
489,
158,
176,
219,

809
724
2,679
801

723
622
2,777
783

753
861
2,084
863
286,952
58,388
135, 824
213,092
16
15 50

566
761
315
244
59
11.75

561, 367
169, 238
214,169
182, 462
71
11.75

11.75

24, 342
29, 080
58, 397

18,091
22, 738
34, 773

18.149
19, 531
33,391

39, 666

38,952

31.

716
542
2,104
741
451, 563
182, 716
217, 740
274,850
21
12.25

+1.0

+3. 7 +14.8
+32. 0
-2.2
+5.7

+3.1

0. 0

8,051
7,669

7,591

61,387,779

-10.6
•14.1

61,855,513

-4.1

+0.3 !.
-14.1
-4.0 I

40, 575
+4.2 I
*See table on p. 25 of the November, 1927, issue for further details.

-1.0

+33.7

39
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

PER CENT INCREASE ( + ) OR
DECREASE (—)

1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1927

-59.0
-14.3
-52.7
-1.4

2,938,160
2,805,842

2,460, 771
2, 742,146

-16.2
-2.3

November

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

224,150 5 227,983
249,169
279,539 8 236,039 « 245, 762
337,956
325,193 307,414
520,364
518,505 500,879

166,806
178,281
291,509
517,806

152,351
258,004
417,984
497,150

406,956
208,076
616,864
524,937

-26.8
-27.5
-5.2
+3.4

October

J

1926

October

September

i+

or derease
(-)
cumulative
1927
from
1926

November

August

Perct.
inxease

STONE, CLAY, AND GLASS
PRODUCTS—C ontinued
Clay Products—Continued
Vitreous china plumbing fixtures:
New orders
Shipments
pieces.
Unfilled orders, end of month
pieces.
Stocks, end of month.
_
pieces.
Terra cotta, new orders:
Quantity
net tons.
Value..
thous. of dolls.

251,946
368,326
554,022
14,856
1,268

15,643
1,557

13,440
1,342

11,907
1,049

11,134
1,008

15,174
1,583

10, 764
1,232

-6.5
-3.9

+3.4
-18.2

149,766
18,184

137, 237
13,643

-8.4
-25.0

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

17,408
18,984
19, 397

18,315
21,411
16,292

17,505
19,828
13,996

17,174
818,105
U3,141

14,449
11, 619
15,971

17,486
13,334

14,193
11,276
16,243

-15.9
-35.8
+21.5

+1.8
+3.0
-1.7

153,313
155, 349

159,911
164, 705

+4.3
+6.0

dolls, per bbl.
dolls, per bbl.

1,60
1.55

1.60
1.55

1.60
1.55

1.60
1.55

1.60
1.55

1.65
1.65

1.65
1.65

0.0
0.0

-3.0
-6.1

Portland Cement
Production
_
Shipments
_
Stocks, end of month
Wholesale price:
Chicago district
Lehigh Valley...
Highways
Concrete pavements, new contracts:
Total
thous. of sq. yds.
Roads
thous. of sq. yds.
Federal-aid highways:
Completed—
Cost
thous. of dolls.
Distance
miles.
Under construction, end of month, .miles.

12,615
7,299

13, 528
7,445

11,581
6,872

5,527

7,984
5,102

7,528
4,224

5,595
3,231

-18.5
-7.7

+42.7
+57.9

100, 506
57, 616

119, 226
69, 295

+18.6
+20.3

17,150
637
10,135

15, 301
750
10,005

23, 354
927
9,921

29, 206
1,151

29,712
1,104
8,879

21,948
1,090
11,607

29, 768
1,128
10,478

+1.7
-4.1
-6.2

-0.2
-2.1
-15.3

188,216
8,493
120,627

171,463
7,527
106,401

-8.9
-11.4
-11.8

8,868

10, 616

9,353

8,703

11,186

9,705

2,050
71.7
1,743
2,227
9,148
6,216

2,142
69.3
1,850
2,120
8,765
6,217

2,340
2,325
5,925

1,969
66.3
2,314
2,054
8,681
5,878

2,321
79.7
2,421
1,980
7,958
5,408

2,143
72.3
2,553
1,693
8,714
5,822

2,169
33.6
36.3
35.3

2,410
32.0
38.3
31.4

3,609
40.7
43.4
45.7

3,814
50.6
44.0
45.2

3,837
50.9
49.6
49.4

3,956
52.6
46.9
47.7

1.2
4.0

1.3
3.5

1.5
3.6

1.4
3.8

1.4
3.5

1.2
3.6

591

-11.0

-29.4

8,585

6,969

-18.8

47, 503

51,448

+21.6

+30.4

841, 326

669,479

-20.4

•1, 815,999

1,167, 492

-35.7

274,305

252, 769

-7.9

Plate Glass
Production, polished

...thous. of sq. ft__

6

95, 371

Glass Containers
Actual production:
Quantity
thous. of gross.
Relation to capacity
per cent.
New orders
thous. of gross.
Shipments
thous. of gross.
Unfilled orders, end of month..thous. of gross.
Stocks, end of month
thous. of gross.

2,045
68.5
2,574
1,928
9,043
6,049

+3.9
+3.3
+11.2
-6.1
+4.2
+2.9

20, 524

23,092

23,327
22, 252

24, 594
23, 771

+12.5
+5.4
+6.8

6 29, 751

-4.6
-5.3
+0.8
13.9
+3.8
+3.9

6 29,109

-2.2

Illuminating Glassware
Production:
Total
number of turns.
Ratio to capacity
per ct. of capacity.
New orders
per ct. of capacity.
Shipments
per ct. of capacity.
Unfilled orders, end
of month
number of weeks' supply.
Stocks, end of month.number of weeks' supply.
CHEMICALS AND OILS
Chemicals
Sulphuric acid, exports
thous. of l b s . .
801
517
454
474
Nitrate of soda:
54, 867
71,904
64,753
Imports
_
long tons__
55,154
Production in Chile—•
Quantity
metric tons.. 127,060 142,800 143,700 189,200
Units reporting
number of plants.
36
38
41
46
Potash, imports
long tons.
36, 857
43, 572
28,822
27,884
Acid phosphate:
Production
_
short tons., 240, 863 256,980 267, 516 340,411
Stocks, end of month
.short tons.. 1, 347, 554 1,468,286» 1, 361, 529 1, 580,623
56, 265
79, 347 8 198, 547 109,447
Shipments
__r
short tons..
138,023 100, 659 113,322
Exports
__
long tons.
96,672
Consumption in Southern
35, 535 109,954 250,971 121,075
States
short tons..
Dyes and dyestuffs, exports:
165
Vegetable
^
thous. of l b s . .
237
229
359
Coal-tar
thous. of lbs._
1,526
2,254
4,469
1,838
Price index numbers:
C rude drugs
index number.
196
192
202
207
Essential oils
index number.
122
121
203
123
Drugs and pharmaceuticals.index number.
156
156
156
160
Chemicals
_
index number.
112
112
113
112
126
127134
134
Oils and fats
_
index number-

417
67,091
5

127,100
40
28,341

111, 283
36
34,411
8 301,790 272, 571
1,690,378 1, 635, 805
94, 719
73,384
95, 605
73,993
17,038

87,965

-50.5

« 2, 825,757 2,556,045
6

+29.2

5 79, 725 - 2 7 . 3

377
1,920

162
2,220

209
2,672

+5.0
+4.5

+10.3
+80.4
-28.1

206
126
169
112
133

215
148
156
114
136

211
143
156
114
134

-0.5
+2.4
+5.6
0.0
-0.7

-9.5

1,041,299
1,025, 635

1,098,358
1,192, 857

5,144, 327

4, 536, 507

-11.8

2,420
23, 708

3,349
24,541

+38.4
+3.5

143, 609
7,597
141,952
7,210

144,290
8,515

+0.5
+12.1

+5.5
+16.3

-2.4
-11.9
+8.3
-1.8
-0.7

Wood Chemicals
Acetate of lime:
ProductionUnited States
Canada
ShipmentsUnited States
Canada
_




thous. of lbs.
thous. of lbs.

11, 745
353
5

12,195
thous. of l b s . .
801
thous. of lbs
»Revised.

13, 325
172
«13, 516
513

12,958
427

13,912
1,091

513, 298

s 16,959
1,462

13, 519
1,106

14,100
-2.8
-4.1
14,002
921
+1.4 +20.1
897
16,013
13, 611
15, 510 -19.7 - 1 2 . 2
634
1,228 -44. 7 - 3 4 . 2
6
Cumulative through Oct. 31.

143, 559 j +1.1
7,504 ll +4.1

40
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
I Earlier data for items shown here may
[ be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

September

PER CENT INCREASE (+) OR
DECREASE (—)

1926

October

November

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Perct,
increase

(

V

or decrease

November

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

17, 746
1,441
1,125
3.25

16,328
1,149
1,797
3.38

-1.5
+21. 6
-26.1
0.0

-0.3
+35.8
-62.4
+3.6

712,309
37,196

720, 798
38, 520

+1.7
-0.9

+24.0

442,998
46, 621

463,049
31,947

-2.8
-15.2

-21.0

151, 326
30, 293
24,977
.74

144,136
18,947
29, 869
.75

+19.1
+ 14.3
-16.1
-9.4

+68.8
+62.8
-36.0

408, 561

73, 895
4,513

73, 701
4,732

-3.2
+15.9

-3.9

782, 511
40,081

485, 515
42, 341

473,964
38,129

-1.0
-4.3

+25.5
+24.4
+88.0

3,577
3,475
391

3, 577
3,523
409

-0.5
-0.5
0.0

-7.1
— 5. 7
-64.5

618, 284
29,200

623, 544
37, 500

-23. 1
+476. 1

379, 710
40, 631

331, 256
43,964

+14.2
+24.2

October

1926

1927

(-)
cumulative
1927
from
1926

CHEMICALS AND OILS—Continued
Wood Chemicals—Continued
Acetate of lime—Continued.
Stocks, end of month— .
4
16, 274
16, 524
United States
thous. of lbs.. 5 20, 582 : s 20,110 « 19, 704
2,222
2,655 i
1,823
1,560
1,283
Canada..
thous. of l b s . .
283 None.
1.355 i
676
915
Exports
thous. of lbs..
3.50
3.50
3.50 i
3.50
3.50
Price, wholesale
dolls, percwt..
Methanol, crude:
Production576, 947
643,491 654,339
United States
gallons.. 592,593 I 582, 710
12,058
17,283 i
47, 750
17, 777
Canada
gallons..
48,179
Stocks at crude plants, end of m o n t h 5
> 301, 812 ! 367, 657 5 320, 231 * 375, 965 365, 584
United States
gallons..
39, 414
31, 824
33, 414
Canada
_
gallons..] 29,849 ! 27,057
Stocks at refineries and in transit—
|
United States
gallons..!! 094, 775 1, 408, 637 1,467,460 1,181, 225 1, 407, 745
28, 610
21,227 I
1.590
27,995
31, 987
Canada
gallons..
18, 796
9, 622 |
57, 983
20, 526
48, 624
Exports
gallons..]
.58
.53
.55
.48
Price, wholesale, N . Y
dolls, per gal..j
Wood at chemical plants:
[
Consumption63, 724 |
82, 581
79, 670
70, 855
73, 219
United States
cords..
1,154
2,401
5,121
5,937
Canada
cords. _ I 2,038
Stocks, end of month—
|
595, 273 | a 603, 463 5 613, 771 5 595, 591 5 589, 605
United States
cords..! z
66, 624
74,942
71, 695
Canada
cords..! 60,392 I
Daily capacity—
.cords,
3,395
3,535
3,395
Toi
3,339
3,323
.cords,
3,395
3,595
Reporting
3,395
3,323
3,339
.cords..
Shutdown
655
425
391
145
145
Methanol, refined:
Productiongallons.
United States
347,833 ! 317, 521
441, 771
688,435 529, 552
gallons.
Canada
22,800 i None
28, 293
6,700
38, 600
Stocks, end of m o n t h United States
..gallons.. 554,809 I 428,194
382, 876
396,137 452, 246
58, 312
Canada
gallons..
59,120
50, 687
32, 854
26, 443
Shipments—
389,033
United States
gallons.. 411, 229
506,914
698, 476 392, 765
Canada
gall ons. .
8,440
23, 982
38, 569
28,629
17, 827

17,034

10,056

-41.0

7, 362, 275
318,145

', 194, 633
365, 388

+ 14.8

-2.3

+4.6

-15.1

+2.9
+36.5

19,691 I; - 3 4 . 0

794,074 jl
43,386 i|

6, 870,951
259, 280

4,943,185
259,138

+1.5
+8.2

-28.1
-0.1

-25.3

-43.8
-25.8

Ethyl Aicohol
Production
_
thous. of gals..j
Withdrawn for denaturization.-thous. of gals..|
Warehouse stocks, end of month.thous. of gals..|
Explosives

15,170
14, 651
9,700

15, 587
12, 212
11,122

14.129
14.130
9,838

16,584
17, 759
7,931

20, 530
18,809
11,436

17, 640
18, 696
9,913

6 161,391
c 143,132

6 136,077 i -15.7
6 125,998 -12.0

30, 954
31,136
30, 335
16, 794

36,
35,
34,
17,

36,858
36, 964
35,304
17,152

38, 918
38, 261
36, 747
17, 807

40, 670
40, 951
39,311
16, 854

39, 628
41,475
37,913
15,126

e 360,444
« 360, 543
«345, 508

6 344,703 I -4.4
!
6
343, 561 -4.7
6 331,031 I -4.2

50,466
58, 390

47,809
58,915

45,775 j
73,019 !

39,115
80,473

32, 216
57, 370

25, 885
63, 650

.53

35, 795
77, 676
.51

132, 059
222,167

144,892
247, 954

114,120
158,210

|

(Black powder, permissible, and other high
explosives)
Production
thous. of lbs..
Shipments
thous. of lbs..
New orders
thous. of lbs..
Stocks, end of month
thous. of lbs..

304
736
680
344

Naval Stores
Turpentine (gum):
..barrels..
Net receipts, southern ports
..barrels..
Stocks, end of month, at 3 ports..
Price, southern, in barrels,
New York..
_
dolls, per gal..
Rosin (gum):
Net receipts, southern ports
..barrels..
Stocks, end of month, at 3 p o r t s ..barrels.
Price, common to good (B),
New York
dolls, per bbl.J
Rosin (wood):
Production
_-barrels .
Stocks, end of month
..barrels..
Turpentine (wood):
Production
. .barrels .
Stocks, end of month
-barrels.
Pine oil:
..gallons.
Production
Stocks, end of month
. .gallons .
Roofing
I
Roofing felt:
i
Production, dry felt.
tons..!
Stocks, end of month, dry felt..
tons..'
Prepared roofing:
!
Shipments.
thous. of roof squares..!
Fats and Oils
Total vegetable oils and copra:
Exports.._
Imports.
Copra, imports




i

.56
169, 439
179, 734

.59 I
158,514
198, 883

151, 045
229,426

9. 74

10.62

10.08

36,038
72,486

35, 521
71,982

34,839 I
76,327

6,414
6,652

6,347
8,256

6,562
10,232 |

231, 350
458, 923

242,050
524,246

23,605
3,272
2,637

107,801
184,405

+38.3 |
+22.0 !

-3.8

.90

-8.5
-3.5

-42.7

+9.7 +34.4
+3
+11. 6 +34. 5

274, 204

378,360 | + 3 8 . 0

974, 264

1,291,017 I! +32.4

+31.8

9.24

8.55

13.86

13.08

35,963
82, 717
6,901
12,163

35,187
87,179

34,161
17, 702

33, 373
22, 831

-2.2
+5.4
+5.4 +281.8

293, 697

6,820
13, 385

5 6,045
3,426

6,612
3,773

—1. 2
+3.1
+10.0 +254.8

56,124

74,487

+32.7

244,445
555,818

237, 625
588, 778

235, 695
561, 363

263, 696
259, 670

238, 322
239,017

-0.8 ! -1.1
- 4 . 7 +134.9

2,121,168

2, 590, 215

+22.1

27,441
3,166

27, 902
2,907

27, 512
3,748

27, 636
3,426

22,013
3,246

6 236,492

6 251, 778

+6.5

2,992

3,287

3,218

3,495

2,441

29,925

30, 607

+2.3

1,767
50,092
19,311 !

2,086
55,985
21,694

5,307
55, 387
15, 660

36,858
622,249
208,784

62,232
644,358
195,937

+68.8
+3.6
-6.2

m

3,280

-7.5

-34.6

+1.9 +34.4

j
I
thous. of lbs..
3,775
thous. of lbs..! 66,828
short tons..) 15,215
5
Revised.

6,484
2,688
5,336
+
+22.2
68, 589
50,449
67, 086 +238
+23.8
23,422
19,813
21,793
+49.6
6
Cumulative through Oct. 31.

+23.4
+2.2
+7.5

41
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise
noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE (—)
BER 30

1926

1927

Nov.,
July

August

Septem! October November

(+)

or decrease

(-)

Nov.,
1927,

October ; No™m'
ber

Perct.
increase

1926

from
P from
I Oct., Nov.,
1926
1927

1927

cumulative
1927
from
1926

CHEMICALS AND OILS—Continued
Fats and Oils—Continued
Copra or coconut oil:
Imports
Consumption in
oleomargarine
Oleomargarine:
Production.
.,
Consumption
Animal glues, shipments

thous. of lbs.

16,997

21,469

25,936

7,248

8,840

10,436

12, 286

thous. of lbs_
thous. of lbs.
thous. of lbs.

17, 214
16, 727
5,902

20, 672
19,387
6,076

23,495
23,981
6,075

30, 095

22, 702

thous. of lbs_

26,041
26,823
7,113

Cottonseed
Cottonseed:
Receipts at mills
short tons..
Consumption (crush)
.short tons..
Stocks at mills, end of month ..short tons..
Cottonseed oil, crude:
Production
_
thous. of lbs..
Stocks, end of month
thous. of lbs..
Cottonseed oil, refined:
Production
.thous. of lbs..
Stocks, end of month
thous. of lbs..
Price, yellow, prime,
New York...
...dolls, per lb_.
Consumption in
oleomargarine
thous. of lbs..
Cottonseed cake and meal:
Production
_
short tons..
Stocks, end of month..
..short tons..
Exports
..short tons..

53,345
65,841
22,063
16,195
32,152
378,230

219, 730

264, 030

+20.2

6 77,179

6 96, 672

+25.3

195,285
6194, 380
6
66,861

6 223,130
6
221, 604
c 62, 979

+14.3
+14.0
-5.8

4,987,370
5, 002, 700

5,145,157
5, 313,847

+3.2
+6.2

1, 486,885

1, 619,472

+8.9

1, 247, 727

1,417, 280

+13.6

6 19, 282

6 20,207

418,002 s 438,170 -11.9 -21.4 2, 296, 778
170,324 5 176,103
+9.6 j +16.4
74,115 5 47,544 i +18. 5 +34. 2
328, 688

2,386, 537

+4.8
+3.9

397,223

+20.9

22,205
9,691

+40.0
+46.5

8,895 I

46, 212
26,322
32,210
274, 711

178,018
87, 474
100,849
225, 782

272, 547
146, 567
194, 676
310,330

205, 888
415,833

.10

.11

.11

1,745

2,113

2,228

72, 659
45,116
15,122

258,685 ! 391,037
109,591
186,997
26,306 i 53,834

5

213,133
133, 343

5

+6.0 I -20.0

-16.9
+25.8
237,890 I +5.8 -13.5
232,971 +34. 0 j +78. 5
-9.2

+12. 6

0.0 | +37.5
I

.08

2,091
344, 591
205,008
63,790

-33. 8 | -30. 7
-10.7 I -20.5

282,406 5 297, 691
102, 309 5 131,181

.11

.10

6

23,428 !
23,800 |
6,937 {

21,820
21, 766
7,130

247, 523
165,069

10.7

9,850

848, 706 1, 502,131 31,224,487
290, 422 1,007,261 '1,282,625
581,090 | 876,630
782, 681 934, 643 " 984,562
161,423
644,954 11,050,949 1,113,974 1,153, 247 H,391,922
217,894

1,559
37,019
64,937
23,169

33, 713 I +32.6 i

21,219

2,158

Flaxseed
Production, crop estimate
thous. of bushs.
Minneapolis and Duluth:
Receipts
thous. of bushs.
Shipments
thous. of bushs.
Stocks, end of month
thous. of bushs.
Imports
-thous. of bushs.
Linseed oil:
Shipments from Minneapolis.thous. of lbs_
Price, New York
dolls, per lb.
Linseed cake and meal:
Shipments from Minneapolis.thous. of lbs.
Exports
thous. of lbs.

2 26, 583

3 19, 335
2,811
1,671
3,569
2,568

I
- 5 0 . 3 ! +45.4
+61.4 +94.0
- 1 1 . 0 +30.9
- 1 5 . 2 I -41.9
-29.9 !
0.0 I

429
606
908
1,381

717
496
589
1,123

5,512
1,102
1,583
1,716

8,230
2,008
5,246
1,758

4,088
3,241
4,671
1,491

6,144
1,644
3,102
2,952

9,379
.106

10,859
.107

12,970 !
.104 |

13, 202

9,253
.099

11, 669
.108

8,725
.108

7,281
52, 596

10,145
58,947

19,420 j
52,984 |

31,492
48, 625

34,857
58, 522

30,436
55,950

23, 808
40, 916

15,858
6,613
21,360

18, 791

-12.0

+6.1
-8.3

123,933

118,529

-4.4

+10.7 +46.4
+20.4 ; +43.0

178,316
540,916

180, 676
609, 300

+1.3
+12.6

FOODSTUFFS
Wheat
Production, crop estimate:
Winter wheat
thous. of bushs.
Spring w h e a t . . . .
thous. of bushs.
Total, wheat
thous. of bushs.
Visible supply, end of month:
United States
-thous. of b u s h s .
Canada
thous. of b u s h s .
Receipts, principal markets.__thous. of bushs_
Shipments, principal markets.thous. of bushs.
Exports:
United S t a t e s Wheat only
. . . t h o u s . of bushs.
Including wheat flour_thous. of bushs.
CanadaWheat only
thous. of b u s h s .
Including wheat flour_thous of b u s h s .
Prices:
No. 2, red winter, Chicago .dolls, per bush__

552,384
5 319,307
5 871, 691

! 5 627,433

' 203, 607
,040

36,104
44,237
58,800
25, 489

67,273
28, 264
81, 632
46, 583

84,630
94, 607
22,958 i 62, 492
79,740 I 73, 244
50,374
49, 252

96,468
121, 009
44,823
35, 156

77,714
83, 719
37,137
24, 427

78, 412
119, 790
29, 754
23, 422

8,397
11,942

33,748 ; 29, 236
39,509
36,045
I
14,071 ! 19,430
17,118 ; 23, 475

20, 731
26, 696

17, 589
23,821

6,620
8,641

23, 402
28,137
12,197
14, 510

52,805
57,976

1.43

1.40

1.34

38, 597
4,662

44, 099
5,276

48,131 i 5 49,792
6,925 I 9,138

9,617

10, 470 j 5 10, 817

9,256
1,019
668, 232
51
7,918

10,458
1,158
761, 468
54

6,800

7,300

788
449

1,052
514

7.81

7.60

1.32 !

+2.0 i +23.0
+93.6 ! +1.0
-38.8
-28. 6

+50. 6
+50.1

367,826
215, 285

454, 734
295, 055

+23.6
+37.1

14, 280
20, 277

-29.1
-25.9

+45.2
+31.7

128, 506
176, 703

161, 229
213, 838

30, 573
34,905

43, 947
49, 624

+171.8
+147. 0

+20.2
+16.8

205,238
248,320

210,254 |
249,627 ;

+25.5
+21.0
+2.4
" +0.5

1.35

1.40

1.38

+0.7

44, 577

48, 727
10,029

43,922 ! -10.5 I +1.5
9,495

453, 662
6 10,029

458,220
6 9,138 ;

Wheat Flour
Grin dings of wheat :
United States (census)
thous. of bushs.
Canada
_ thous. of bushs.
Production:
United States, actual
(census)..
..thous. of bbls_.
United States, prorated
(Russell)
—
-thous. of bbls.
Canada
_
-thous. of bbls.
Production, grain offal
.-thous. of lbs.
Capacity operated, flour mills.
per cent.
Consumption (computed)
.thous. of bbls.
Stocks, all positions, end of
month (computed)
.thous. of bbls..
Exports:
United States
-thous. of bbls.
Canada
-thous. of bbls.
Wholesale prices:
Standard patents,
Minneapolis
.dolls, per b b l .
Winter straights,
Kansas City
_
...dolls, p e r b l l .
2 As of Dec. 1.




8

9,670 i

11,816
12, 540
1,528
2,005
833,108 5 866, 410 777,462
59
61
64
9,346 |
11,617
8,490
7,900
1,326
1,280
1,513
1,149 I
677

10,678 |

9,618 i

13,029
2,231
834,908
63
11,444

11,312
2,089
750,008
59
10, 668

8,700

1,344
1,262

98, 565

+3.7

6105, 386
• 15,161
7, 985,480

6 101, 598
6 13,815
7,915,811

6 94, 217

6 90,034

10, 722
9,572

11,687
8,305

-10.3
-3.3

-12.4
+26.9

7.07

7.23

7.15 '

7.94

7.74

6.54

6.58

6.94

6.64

+0.6

Revised

-3.6
-8.9
-0.9

0.0

-1. 3
-9.0

-1.1

6.77
6.64
6.92
Final estimate for 1926.

3

+1.3

-10. 6 ( +0. 5

8,000

1,385
963

+1.0

|
-0.9

« Cumulative through Oct. 31.

+9.0

-13.2

42
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

August

September

October

734
31,900
15,125
12,090

475
23,805
16,758
11,762
7,304

571
25,110
22,116
12,257
7,561

538
21,847
18,448
9,665
8,613

1.02

1.09

8,125
12,270
777

21,413
22,501
1,795

17,223
26,430
1,038

.48
805

.48
791

9,749

July

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE ( )
—
BER 30

1926

November

October

November

Nov., Nov.,
1927, 1927,
from
from
Oct., Nov.,
1927
1926

1926

1927

Per ct.

(+)

or decrease
(-)
cumulative
1927
from
1926

FOODSTUFFS-Continued
Corn
Porduction, crop estimate
thous. of bushs..
Exports, including meal
thous. of bushs..
Visible supply, end month
thous. of bushs..
Receipts, principal markets..-thous. of bushs..
Shipments, prin. markets
thous. of bushs..
Grindings (starch, glucose)
thous. of bushs..
Prices, contract grades, No. 2,
Chicago
dolls, per bush..

!

2,786,288
861
20,439
16,971
10,256
8,064

>2,692,217
2,208
32, 219
22, 847
12,563
11,001
5,924
7,057

+60.0
-6.4
-8.0
+6.1
-6.4

-61.0
-36.6
-25.7
-18.3
+36.1

1,494
24,637

.87

.78

.71

-1.1

1,195,006
11,961
24,429
672

14,333
49, 732
860

'1,246,848
11,309
50,063
951

-14.0
-3.0
-24.6

-51.2
+29.3

.49
1,107

.50
1,027

.51

.47
1,036

.45
1,215

+2.0

13,357

11,650

14,068

15,026

1,871
891
2,360

11,108
3,532
4,065

15,547
4,900
6,637

10,908
4,398
6,927

.79

.80

.83

.82

1,444
1,376
339
1.10

4,293
3,083
1,325
.97

10,512
2,207
7,743
.97

7,496
1,595
6,425
1.00

2 58,572
4,619
2,412
2,889
1.06

2,688
12,594
137
1.01

16,152

35,796

55,498

50,826

37,608

27,251

147,176

792,345

151,982

138,054

-9.2

17,926

12,794

-28.6

+13.3

9,785

13,788
210, 324
121,029
76,899

+4.6
-2.5

+7.0
+8.3

+22.5

13, 914
25,182
891

13,187
215,638
113,131
70,995

Oats
Production, crop estimate
thous. of bushs.
Receipts, principal markets..-thous. of bushs.
Visible supply, end of month..thous. of bushs.
Exports, including meal
.thous. of bushs.
Prices, contract grades,
Chicago
dolls, per bush.
Grindings, Canada
thous. of bushs.
Production, oatmeal and rolled
oats, Canada
thous. of lbs.

+5.8

6

« 8,575
6

8 114,241

7,933

-7.5

93,067

-18.5

Barley
Production, crop estimate
thous. of bushs.
Receipts, principal markets..-thous. of bushs.
Visible supply, end mo
thous. of bushs.
Exports
_
thous. of bushs.
Price, fair to good, malting,
Chicago
dolls, per bush.

• 265, 577
7,654
4,338
6,490
.84

3

4,445
4,823

184,905
3,668
4,902
1,080
.71

.71

- 2 9 . 8 I 108.7
- 1 . 4 -11.5
- 6 . 3 +500.9
+2.4

38,952

61 ,308 +57.4

12,203

34,537 +183.0

+18.3

Bye
Production, crop estimate
thous. of bushs.
Receipts, principal markets. ..thous. of bushs.
Visible supply, end mo
thous. of bushs.
Exports, including flour thous. of bushs.
Price, No. 2, Chicago

dolls, per bush.

3 40,795
2,254
12,751
162

- 3 8 . 4 1+104.9
+51.2 | -81.1
-55.0
+6.0 +10.4

19,152

39,365 i+105.5

11,422

34,864

+205.2

241,441

319,820

+32.5

65,290,017

7,111,524

+34.4

Total Grains
Total grain exports, incl. flour-thous. of b u s h s . .

24,678

-26.0

+52.4

Bice
Production, crop estimate
thous. of bushs.
Southern paddy, receipts at mills
bbls.
Shipments:
Total from mills
pockets (100 lbs.).
New Orleans
_
pockets (100lbs.).
Stocks, end of month
..pockets (100 lbs.).
Exports...
_
pockets (100 lbs.).
Imports
..pockets (100lbs.).
Other Crops
Apples:
Production, crop estimate .thous. of bushs.
Cold-storage holdings,
end of month
thouj3. of bbls.
Car-lot shipment
. carloads.
Potatoes:
Production, crop estimate.thous. of bushs.
Car-lot shipments
.carloads,
Onions, car-lot shipments
.carloads,
Citrus fruits, car-lot shipments
.carloads.
Hay, all tame:
Production, crop estimate..thouj3. of tons.
Receipts
tons.

, 167, 281 1, 719, 740

345,794 423,559
1,200,174
96,074
109,951
193,155 239,453
987,310 1,235,674 1,581,097 2,247,038
74,519
109, 992 134,032 203,350
26,248
19,503
27,217
21,888

2 40,231

3 41,730
1,681,130 1,252,887

1,034,736 1,077,146
259,205 307,692
232,725
1,879,502 2,196,817
160,871
101,707
241,678
22,808
25,957
30,372
3

'123,455
None.
1,731

33
3,352

1,038
11,039

8 5,992
31,612

34,920
5,265
4,521

7,811
16,607

7,107
41, 745

779,804
1,131,898

+32.0
+8.8
2, 930,243 j+275. 8
463,348 - 5 9 . 1

-25.0
-25.2

116,471

92,624 ! - 2 0 . 5

-45.7
-49.2
+33.3

+9.8
+2.6
-24.0

213,488
29,730
84,558

232,945 I + 9 . 1
30,134 I + 1 . 4
93,870 ! + 1 1 . 0

-2.8

-24.4

-20.9
+4.2

-33.03
-24.9

+30.4
-47.5

18,510
2,850
9,855

65,656,084 '7,464,806
1,715,692 1,866,770

246,524
10,486
22,200

20, 709
1,864
5,781

17,418
2,313
4,492

23,674
4,473
3,853

2 402,149
20, 318
37,410
2,924
5,754
7,487
5,618

48,005

51,652

64,440

69,233

2 106,219
55,161

70,100

3 86,497
69,539

-20.3

-20. 7

728,184

644,202

-11.5

1,547
562
138
971

2,065
802
269
1,231

1,988
906
407
1,085

2,635
1,259
675
1,291

2,346
1,156
615
1,240

2,674
1,310
693
1,356

2,460
1,113
570
1,326

-11.0
-9.0
-8.9
-4.0

-4.6
+3.9
+7.9
-6.5

22,026
8,666
3,409
13,213

21,073
8,444
3,293
12,479

-4.3
-2.6
-3.4
-5.6

417,119
426,434
1,920

465, 597
470,490
1,899

453,993 475,455
455,239 5 474,078
1,609
1,165

459,363
443,614
1,085

545, 988
531,354
1,984

512,357
486, 723
2,190

-3.4
-6.4
-6.9

-10.3
-8.9
-50.5

5,261, 847
5,256,396
23,080

4,873, 578
5, 029,262
18,255

-7.4
-4.3
-20.9

35,722

33,446

35,878

« 43,916

65, 531

61,198

85,977

+49.2

-23.8

12.30
.182

12.58
.185

13.31
.191

14.33
.210

15.94
.215

9.89
.170

9.39
.170

+11.2
+2.4

+69.8
+26.5

3,041
3,046
2,565
1,102
1,192
1,051
38
38
48
1,939
1,846
1,512
3 Final estimate for 1926.

3,039
1,137
78
1,883

3,666
3,261
1,284
1,334
113
129
2,382
1,933
«Revised.

• 3,554
1,317

+20.6
+12.9

35,862
13,696
812
22,138

37,201
13, 552
827
23,600

+3.7

3 354,328

Cattle a n d Beef
Cattle movements, primary markets:
Receipts
_. thousandsShipments, total
thousandsShipments, stocker and feeder..thousandsLocal slaughter
...thousandsBeef products:
Production, inspected
-thous. oflbs.
Apparent consumption
thous. of lbs.
Exports
thous. of lbs.
Cold-storage holdings,
end of month
thous. of l b s .
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 l b s .
Beef, fresh native steers
.dolls, per l b .
Hogs a n d Pork
Hog movements, primary markets:
Receipts
..thousandsShipments, total
thousandsShipments, stocker and feeder..thousandsLocal slaughter
thousands.




2

As of Dec. 1.

126 ] +44.9
2,219 I +26.5

+3.2

-2.5
-10.3

+7.3

« Cumulative through Oct. 31.

-1.1

+1.8
+6.6

43
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

September

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE ( —)
BER 30

1926

1927

October

November

October

November

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

1926

1927

Perct.
increase
or decrease
cumulative
1927
from
1926

FOODSTUFFS—Continued
Hogs and Pork—Continued
Pork products, total:
Production, inspected-..
thous. of lbs..
Apparent consumption
thous. of lbs..
Exports
thous. of lbs..
Cold-storage holdings, total,
end of month
thous. of lbs..
Fresh and cured in storage,
end of month
thous. of lbs..
Lard (included in pork products):
Production
thous. of lbs..
Exports
thous. of lbs..
Cold-storage holdings,
end of month
-thous. of lbs..
Prices:
Hogs, heavy, Chicago
dolls, per 100 lbs..
Hams, smoked, Chicago
dolls, perlb..
Lard, prime contract, N. Y__dolls, perlb-.

568,835
540,331
72,914

+20.1

652,896
548,008
76,277

580,606
595,110
72,958

458,919 497,128
576,349 5 615, 065 603, 885
89,829
67,764
72,251

479,917
546,837
76,876

020,407

933,436

726, 941 5 539,240

465,670

477, 978

841,271

766,418

6 467,119

420,167

405,623

131,637
46,972

116,183
50, 816

95, 790
59, 736

«96,672
50,355

101,470
49, 636

92,967

179,136

167,018

118,174

fi 72,121 45, 503

72,355

8.98
.243
.132

9.19
.235
.128

10.85
.224
.133

11.06
.233
.130

9.47
.220
.125

12.97
.303
.142

12.09
.293
.128

-14.4
-5.6
-3.8

1,676
760
216
920

2,209
1,054
388
1,137

2,848
1,734
947
1,101

3,587
2,413
1,560
1,148

1,896
998
497
945

3,090
2,098
1,150

1,917
988
493
932

-47.1
-58.6
-68.1
-17.7

37, 647
37,706

44,865
44,908

45,378
45,098

46,188
«45,855

43,892
43,825

39,737
39, 763

1,161

1,302

1,991

42,354
41,877
3,790

2,814

3,166

-8.3
-8.7
-5.7

5.31
14.22

5.58
13.58

5.19
13. 56

5.25
13.87

5.47
13.58

5.81
13.28

5.77
12.70

+4.2
-9.3

66,457

65,873

58,163

« 49,235

52,299

52,590

53,960

+6.8

thous. of lbs. 1,107, 662 1,091,069 958,290 1,018,772 1,098,559 1,069,797 1,120,929
944, 611 867,039 704, 799 « 563,228 541, 787 ! .522,225 531,331
thous. of Ibs.
1,012,147 1,110, 507 1,076,686 '1,134,997 1,089,376 1,121,986 1,066,816
thous. of lbs.

+7.8
-3.8
-4.0

+2.0
+2.1

6, 548, 727
5. 609,114
1,028,410

6,936,972
6, 111, 572

+5.9
+9.0
-12.8

1,339,296
636,286

1,348, 784
618,448

+0.7
-2.8

22,163
11, 670
4,400
10,452

22,305
11,769
4,725
10, 558

455, 536
455, 601

457,046
459,381

+0.6
+0.8
+7.4
+1.0
+0.3
+0.8

-3.1

+4.9
+11.8
-7.1
434,972 -13.6
+7.1
388,228 -10.1
+8.2
106, 061 +5.0
43,488
-1.4
-4.3
46,744 -36.9 +14.2
-1.8
-6.2

Sheep and Lamb
Sheep movement, primary market:
Receipts
thousands..
Shipments, total
thousands..
Shipments, stocker and feeder..thousands..
Local slaughter
thousands..
Lamb and mutton:
Production, inspected
thous. of lbs..
Apparent consumption
thous. of lbs.
Cold-storage holdings, •
end of month
thous. of lbs_
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs.
Sheep, lambs, Chicago...dolls, per 1001bs_

-2.7
-21.7
-24.2
-2.3
-1.1

+1.0
+0.8
+1.4

+6.6
+5.3
+19.7
-5.2
+6.9

Miscellaneons Meats
Cold-storage holdings, end mo

thous. of Ibs.

Total Meats
Production, inspected
Cold-storage holdings, end mo
Apparent consumption

-2.0

12,267,110 12,267,598

0.0

11,321, 081 11,500,210

+1.6

Poultry
Receipts at five markets
Cold-storage holdings,
end of month.__

+110.9 -12.3
+62.0 -20.7

285,219

273,859

-4.0

+5.9

250, 544

274, 618

+9.6

5,170,240 6 5,432,618
1,123, 019 1,038, 320

+5.1
-7.5

thous. of lbs.

18,282

22, 691

24,391

29,103

61,370

31,105

69,991

thous. of lbs.

42,293

39, 711

43,201

« 52,315

84, 758

64,842

106,854

33,284
54,061

26, 633
60,330

27,385
5 65,960

21,096
66,943

' 23,762
« 70,310

19,924
75,034

-23.0
+1.5

cases.
cases.

27, 322
42,118
508,196
48,190

802, 320 1,138,147
97,163
110,004

791,856
120,446

209,358

836,374
245,660

543,333
245,883

+73.8

Production (factory
thous. of lbs.
Receipts, 5 markets
thous. of lbs.
Cold-storage holdings, creamery,
end of month
thous. of lbs.
Apparent consumption
thous. of lbs.
Wholesale price, New York
..dolls, per lb.

234, 043
67,282
145,147
178,952
.42

143, 464
58, 310

113,555
42,234

149, 785
38, 301

86,238
33, 607

103,068
38,166

88,481
34,180

-42.4
-12.3

-2.5
-1.7

1, 360, 913
536, 880

1,551, 863
548, 769

+14.0
+2.2

163, 701
186,123
.42

147,396 « 118, 679
179,871 178,353
.46
.48

83,240
159,106
.50

100,871 I « 64,381
173,493 fi 163,329
.47
.51

-29.9
-10.8
+4.2

+29.3
-2.
-2.0

1, 925, 702

1, 830,279

-5.0

50,265
24,134
35,849

36,157
22, 556
36,827

36, 614
21, 522
46, 587

32,862
18,995
48, 793

20, 511
14,279
36,022

35, 867
19,252
46,121

27, 640
15,954
42,303

-37.6
-24.8
-26.2

-25.8
-10.5
-14.

469,226
191, 903
471,498

391, 774
204,338
451,176

-16.5
+6.5
-4.3

87,937
6,503
231
8,977

90,204
3,430
251
16,023

85,131
5,102
225
19, 040

«77,603
8,441
211
20,944

70,747
8,976
321
16,072

89, 785
9,722
252
23,449

81,084
11,102
341
18, 601

-8.8
+6.3
+52.1
-23.3

-12.7
-19.1
-5.9
-13.6

68,385
3,546
121, 023

72,323
3,176
101, 656

+5.8
-10.4
-16.0

67,091
.24

69,749
.25

65,453
.27

« 59,035
.28

53,468
.27

72,491
.24

63,881
.25

-9.4

-16.3

1,225
10,746

1,005
9,650

897
7,960

704
«5,485

603
2,954

581
3,215

-14.3
-46.1

14, 850

15, 596

+5.0

81,418
Revised.

77, 508

71,208

« 62,066

+3.8
-8.1
+41.4

Fish
Total catch, prin. fishing ports.._thous.
Cold-storage holdings, 15th of mo.thous.
Canned salmon:
Shipments, United States
Exports, Canada

of lbs.
of Ibs.

-10.8

Butter

Cheese
Total, all varieties:
Production (factory)
thous. of lbs.
Receipts, 5 markets
thous. of lbs.
Apparent consumption
thous. of lbs.
Cold-storage holdings,
end of month
thous. of lbs.
Imports...
thous. of lbs.
Exports, United States
thous. of lbs.
Exports, Canada
thous. of lbs.
American whole milk:
Cold-storage holdings,
end of month
thous. of lbs.
Wholesale price, New York..dolls, per lb.

Receipts, 5 markets.
thous. of cases..
Cold-storage holdings, case
thous. of cases..
Cold-storage holdings, frozen,
end of month.
thous. of lbs..




699

38, 620
44,966
54,590
-12.0
<Comulative through Oct. 31.

+8.0

44
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, " Survey "

July

August

44,028
19,883
38,140
7,719
2,716
5.83

s 7,600

Perct.
increase
or decrease
(-)
cu>nulative
1927
from
1926

October

November

October

November

Nov..
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

38,357 ! 35,932
5 19, 566 5 14,956

29,155
12,312

27, 945
18,438

23, 935
13, 738

-18.9
-17.7

24,919
5,501
2,981
6.02

23,010
7,869
2,521
5.85

18, 628
5,016
2,939
5.85

-18.4
-7.9

+8.0
+0.3

+33.8
+9.7
+1.4
+2.9

(+)

+21.8
-10.4

Septem-

43,559
«20,796

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (+) OR
THROUGH NOVEMDECREASE (—)
BER 30

1926

1926

1927

35,259

32, 542

FOODSTUFFS-Continued
Milk
Condensed milk:
Manufacturers' total stocks
(end of month)—
Case goods
thous. of lbs..
Bulk goods
thous. of lbs..
Manufacturers' unsold stocks
(end of month)—
Case goods
thous. of lbs_.
Bulk goods
thous. of lbs..
Exports
thous. of lbs..
Wholesale price, New York.dolls per case..
Evaporated milk:
Manufacturers' total stocks, end
of month (case goods)
thous. of lbs..
Manufacturers' unsold stocks,
case goods
_thous. of lbs..
Exports
_
___thous. of lbs..
Wholesale price, New York.dolls. per case..
Production, c o n d e n s e d and
evaporated milk
thous. of lbs..
Powdered milk:
Manufacturers' total stocks.-thous. of lbs_.
Exports..
.thous. of lbs..
Net new orders
thous. of lbs..
• Fluid milk:
Receipts—
Boston (includ. cream).-thous. of qts..
Greater New York
_thous. of qts_.
ProductionMinneapolis, St. Paul
thous. of lbs..
Consumption in manufacture
of oleomargarine
thous. of lbs..

38,325
3,532
5.83

213,068 s 236,173

33,004
« 7, 500
2,439
6.00

30,535
« 5,970
2,760
6.00

222,482 I 205,587

-7.7

166,184

128, 346

99,685

-19.2

+66.7

176, 763 5 203,643 « 198,281
6,326
4,240
3,756
4.58
4.58
4.58

183,239
5,130
4.58

149, 397
4,662
4.59

104,385
4,657
4.41

76,965
6,115
4.42

-18.5
-9.1

+0.2

+94.1
-23.8
+3.8

69,341

63,516

219,255

+11.6

1, 634, 730

1, 815,056

+11.0

2.400
57, 678

2,990
59,815

+24.6
+3.7

6 175, 542 6179,032
1,169,122 1,222, 578

+2.0
+4.6

1,137,357
3,907,573
4,903,181

+3.9

175,316 I 120,928

112,651

99, 393

109,476

89,062

-11.8

13, 746
241
5,781

513, 232
238
5,683

5 10,646
239
6,531

s 9, 261
307
5,735

7,840
298
5,700

12,299
171
5,249

10,292
213
4,426

-15.3 -23.8
- 2 . 9 { +39. 9
-0.6 1 +28.8

19,366
118,672

18,095
110,694

17, 586
111, 582

17, 987
114,981

108,536

17, 758
108,469

16, 772
101,889

26, 718

21,157 |

19,046

20,217

19,328

19,424

4,817

5,566 |

6,410

7,332

6,504

6,891

74, 520
278,078
384,903
258,427

76, 540
319,464
375,748
254,963

+6.5

Sugar

Raw:
Imports—
From Hawaii and Porto
Rico
long tons..
From foreign countries
long tons..
Meltings, 8 ports
long tons..
Stocks at refineries, end month..long tons..
Receipts, domestic, at New
Orleans
long tons..
Kenned:
Exports, including maple__
long tons..
Prices:
Wholesale, 96° centrifugal,
N. Y_
dolls, perlb.
Wholesale, granulated, N. Y.dolls, per lb_.
Retail, granulated, N. Y
dolls, per lb_.
Retail average, 51 cities
index number.
Cuban movement:
Receipts at Cuban ports
long tons.
Exports
...long tons.
Stocks, end of month
long tons.
Coffee
Imports
thous. of lbs._
Visible supply:
World..
_
. . t h o u s . of bags.
United States
thous. of bags.
Receipts, total, Brazil..
thous. of bags.
Clearances:
Total, Brazil, for world
thous. of bags.
Total, Brazil, for U. S
thous. of bags.
Price, Rio No. 7, Brazil grades,
..dolls, p e r l b . .
N . Y__._
Tea
Imports
._
thous. of lbs_
Stocks, United Kingdom, end of
month
thous. of lbs.
Price, Formosa, fine New York._dolls. p e r l b -

98,160
323,434
459,108
308,961
25
12,956

93,071
346,818
457,961
296,012
34

17,297 j

24,340
223,855
295,922
215, 665

26,827 - 6 8 . 2
352, 569 | - 2 9 . 9
347,156 - 2 1 . 2
277,687 - 1 5 . 4

51,505
299,863
471,192
222,129

-9.3
-36.5
-14.8
-22.3

1,181,155
3,474,563
4,638,987

11.1
-5.4

23

None.

5,727

157

17, 722

-67.7

51,025

7,503

-85.3

4,451

3,642

4,480

4,213

2,419

+23.0

+85.2

89,881

108,113

+20.3

.046
.057
.064
129

.047
.058
.064
.129

0.0
-1.8
-1.6
0.0

0.0
-3.4
-1.6
+1.6
-23.5
+52.8

.045
.059
.067
135

.045
.056
.066
133

.048
.058
.064
131

.047
.057
.064
131

.047
.056
.063
131

157,420
343,161
998,209

208,474
403,719
783,717

167,805
292,816
671,952

151,747
304,118
531,142

106,974
261,815
344,693

197,350 I 169,202
434,253 I 342,124
390,989 ! 225,592

-29.5
-13.9
-35.1

104,466

132,914

87,979

128,871 j 145,026

159,567 I 120,518

4,537
634
1,136

4,716
825
1,283

4,622
547
1,234

4, 917 j
634
1,586

5,050
686
1,476

4,601 '•
899 !
1,108 |

4,564
888
1,215

+12.5 +20.3
+2.7 +10.6
+8.2 -22.7

1,232
666
.142

1,292 I
595 !
.139 !

1,292
712 |
.135

1,520
862

1,443
813

1,363 I
780 |
.161

1,269 ! - 5 . 1
721 j - 5 . 7
-1.4
.163

9,467 !

9,586 I

9,687

10,547

146,684
164,368 ! 185,921
.345 !
.345
.345

215,380
.329

5 186,021 { 5 195,912 : +15.!
.355 \
.355 i -4.<

21,237,832

'31,297,889

6,101
137,417
.345

.145 |

11,057

-6.9

4,549,017 ! 4,171,993
4,459,577 i 3,819,264

1,356,361 \ 1,282,095

+21.5
+13.7
+12. 8 |

11,127
12,709
6,781

12,873
13,160

-5.5
+15.7
+3.
+4.

-11.0
86,372 j

80,544

-6.7

- 0 . 1 6,124,353 \ 6,178,368
+10.2 83,055,273 90,306,145

+0.9
+8.7

10,737 | + 8 . !

+9.9 |.

- 7 . 3 !.

TOBACCO
Production (crop estimate)
thous. of lbs.
Consumption (tax-paid withdrawals):
561,199 604,870
Large cigars
thousands.
639,359
Small cigarettes.._
thousands- 8,277,052 9,328,055 18,994,416
Manufactured tobacco
and snuff
thous. of lbs.
31,570
35,337 j 34,673
Exports:
27,817
38,394
28,229
Unmanufactured leaf
thous. of lbs.
Cigarettes
thousands.
479,166
365,448 371,168
Sales of loose-leaf, warehouses
thous. of lbs.
66,810 136,824
72
2 As of Dec. 1.
a Final estimate for 1926.




I 688,921 654,165
-5.0
664,497 ! 654,975
|8, 552,397 8,093,752 8,060,677 |7,345,202 ! - 5 . 4
I

33,992

I 47,044
j 672,015
i 162,386

31,553

34,731

54,307
53,129
547,904
654,013
161,702
131,891
s Revised.

30,955 |

-7.2

+1.9

381,858 ;

367,391

49,136 ! +15.4 +10.5
428,393 j 459,097
611,998 I —18.5 -10.5 8,720,253 i 6,727,442
657,734 i 848,104
141,000 ! - 0 . 4 +14.7
8 Cumulative through Oct. 31.

+7.2

-22.9
+28.9

45
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

PER CENT INCREASE ( + ) OR
DECREASE ( —)

1926

1927

feerm- i October November

S

October

November

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Perctincrease
or decrease

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

-8.4

+9.6

-38.6

-15.5

-24.5
-17.4

+47.2
+33.0

-7.9
-23.7
-5.3

-6.5 8, 682,052 8,936, 588 +2.9
+37.5 2,317,483 2, 779,155 +19.9
+0. 8
-7.9 22, 354,100 22, 527,034

1926

cumulative
1927
from
1926

1927

TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
. Total cargo traffic
thous. of long tons.
In American vessels..-thous. of long tons.
In British vessels.
thous. of long tons.
Sault Ste. Marie Canals.-thous. of short tons.
New York State canals thous. of short tons.
Cape Cod Canal
.short tons.
Suez Canal
thous. of metric tons.
Welland Canal
_
short tons.
St. Lawrence Canal.__
short tons.
Mississippi River, Govt. barges....short tons.
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
_
.short tons.
Allegheny River
short tons.
Monongahela River
short tons.

2,450
2,430
2,398
2,718
1,341
1,390
1,257
1,396
524
514
594
714
11, 721
11, 660
10, 791
11, 231
390
292
381
357
65, 849
67, 873
89,030
2, 548
2,477
2,402
2, 389
752,831 1,011,771 1,090, 647 1,130, 277
898,273 11,128,517 1,178,199 1,198,952
96, 643
122,300
89,396 5 104,923
951, 562 1,007, 373 988, 412 894,938
333, 279 421,985 444,358
316,859
, 990, 824 2,132,449 2,181, 251 2,132,076

2,489

853,845
908,199
115,000

2,375
1,327
556
12,879
348
83, 218
2,153
833, 591
923,051
103, 960

2,272
1,195
543
8,170
326
79,040
2,059
579, 881
682, 848
104,450

823,910
975, 225
338,975
246,446
274,931
, 020,004 2, 303, 595 2,192,169

+9.6 +10.1

25,278
6 12,426
6 5, 537
6 2,044
6 622, 817
6 21,046
5,151, 665
6,051, 425
963, 739

26, 530
« 13,135
6 5, 477
82,186
6 2, 255
6 624, 540
e 24, 548
7,193, 576
7,859,159
1,123,028

+5.0'
+5.7

-1.1
-4.8
+10. 3
+0.3
+16.6+39. 6.
+29.9
+ 16. 5

Ocean Traffic
Clearances, vessels in foreign trade:
Total.
thous. of net tons..
American
.thous. of net tons..
Foreign
thous. of net tons..

7,142
2,649
4,493

7,517
2,749
4,769

7,231
2,712
4,520

«6,974
5
2,939
« 4,035

6,958
3,262
3,697

25,184
19,141

24, 352
21,145

31, 510
23, 303

9,290
3,364

26, 657
22, 554

219

216

216

241

7,940
2,908
5,032 I

7, 701- - 0 . 2
3,063 +11.0
4,638
-8.4

+6.5

-20.3

72,155
26,166
45, 988

70,110
27, 570
42, 542

-2. 8
+5.4
-7.5-

23,237 +186. 9
20,934 +570.1

+14.7
+7.7

191, 693
131, 277

323, 489
247,196

+68. 8,
+88. 3-

2,492

+0.4

-9.6

Shipbuilding
Completed during month:
Total
_
.gross tons..
Steel seagoing
gross tons..
Building or under contract, end of month:
Merchant vessels
..thous. of gross tons..

12, 414
9,648
273

2,481

317

Freight Cars
Surplus (daily av. last week of month):
Total
__
cars.. 273, 275 214,985
168, 829 352,168
135,059
Box
cars.. 154, 437 123,901
74,126
82,411 158,304
53,204
76, 554
Coal
cars..
34,805
61,455 148,860
Shortage (daily av. last week of month):
Total.
.cars..
151
None.
302
371
None.
None.
None.
Box
cars..
None.
None.
None.
None.
147
Coal
cars..
371
None.
103
Car loadings:
Total
cars.. 4,935,397 4, 249,359 4, 360,022 5, 587,921 3, 822, 620
Grain and grain products
.cars.. 229, 524 219, 898 238, 699 273, 675 182,059
Livestock
cars.. 128, 226 112, 323 123, 354 193, 753 134, 598
Coal and coke
_
cars.. 770, 272 735,389 760, 522 1,004,056
713, 254
Forest products
..cars.. 320, 847 275, 251 270, 322 336, 527 244, 210
Ore
cars.. 317,924 248, 462 225, 581 243,550
76,267
Merchandise and 1. c. 1
cars.. 1, 250, 761 1,042, 893 1,039, 460 1, 348, 614 1,015,551
Miscellaneous
..cars. 1,917, 843 1, 615,143 1, 702,084 2,187, 746 1,456, 681

81,011
45,148
12,106

144,921 +108. 6 + 143.0
98, 794 +92.1 +60.2
12, 521 +142. 2

1,945
460
1,360

579 -100.0 -100.0
-100.0
25
516 -100.0 -100.0

5,967, 576 4, 248,272
259, 260 174, 747
200, 243 138, 314
991, 566
1,193,973
361,092 262,014
338, 332 128,314
1, 357, 562 1,028,078
2,257,114 1, 525, 239

-31.6
-33.5
-30.5
-29.0
-27.4
-68.7
-24.7
-33.4

-2.2
-10.0 49, 349,973 48,282,043
+4.2 2,187,988 2,206, 568 +0.9
-3.6- 2 . 7 1,479, 663 1,426,976
-5.8
-28.1 9, 662,336 9,103,862
-6.6
- 6 . 8 3,425,611 3,199,134
1, 850,330 -13.5.
-40.6 2,139,045
- 1 . 2 12,337,320 12,352, 660 +0.1
- 4 . 5 18,118,025 18,142, 515 +0.1

Railroad Operations
Operating revenue:
Freight
Passenger
Total operating
Operating expenses
Net operating income
Freight carried

thous. of dolls.
..thous. of dolls.
'..thous. of dolls.
thous. of dolls..
thous. of dolls..
..mills, ton-miles.

369,985
91, 633
509, 380
383, 717
84, 383

415,179
91, 691
557,436
393, 294
118, 226
41,973

426, 752
86, 293
565,091
386, 388
132, 770
42, 954

452, 608
75,201
580, 498
399, 504
133. 776
45, 552

5 472,389
* 82,167
5 610, 385
5 415, 892
« 146,358
5 48,296

4,000,969 3,926, 665
6 876, 809 6 823, 461
5, 373, 483 5, 233, 485
3,914, 851 6 3, 870, 768
61,037,302 6 942, 382
6 405, 228 6 402, 846

432, 666
77, 299
561,034
402, 673
114, 734
43, 342

-1.9
-6.1
-2.6.
-0.9
-9.2
-0.6-

Railway Equipment
Locomotives (Am. Ry. Assn.):
Owned, end of month
'..number61, 765
61, 540
-0.4
61,455
61,305
62, 672
62,830
61,088
2,609
2,603
Tractive power
mills, of lbs.
-0.2
2,605
2,612
« 2, 606
2,602
2,611
8,535
8,502
In bad order, end mo
number.
+2.1
8,345
9,320
8,778
8,654
8,961
14.0
13.9
+2.8
Per cent of total in use
per cent.
13.6
15.0
14.4
14.8
13.9
155
104
177
Installed during month.
number.
354 -23.4
195
175
149
331
329
+6.1
262
Retired during month
number.
512
345
390
366
26
20
Ordered from manufacturers
number.
215 +112. 5
17
30
Unfilled orders (railroads)—
171
173
102
From manufacturers
number _
-3.8
262
287
53
51
36
36
32
In railroad shops
number..
-33.3
27
18
72
57
Shipments, manufacturers (Census)—
60
Total
number.
-53.6
127
52
«112
128
Domestic—
35
71
Steam,..
.number.
-61.7
124
81
31
18
109 -41.7
6
5 12
Electric
number15
7
Unfilled orders, manufacturers (Census)—
15
363
Total
number271
-20.3
182
390
517
Domestic—
244
Steam
.number167
391
74
286
97
57
68
Electric
number.
49
27
20
45
42
11
Exports, steam
___
number16
5
18
19
5
Freight cars (Am. Ry. Assn.):
Owned, end of month
cars. 2,330,042 2,328,328 2,326,616 62,325,027 2,322,166 ,2,345,447 ,341,841
Capacity
mills, of lbs., 211,917 211,935 211,970 " 212,027 211,982
211, 760
211,975
145,590
In bad order, end mo
cars.
141,038 137, 571 139, 441
137,420
139,484
137, 795
6.3
Per cent of total in use
_per cent.
6. 2 !
6.0
6.0
6.1
6.1
6.1
8
Revised.
n Cumulative through Oct. 31.




-2.5
-0.4
-3.9
-1.3
-57.9
-28.5
-92.1

2,193
3,124
1,143

1,820
3,194
507

—17.0
+2.2.
-55.6

-59.4

1,570

1,002

-36.2

71.6
53.3

1,200
160

685
135

-42.9^

-82.2

-72.0

254

203 ! - 2 0 . 1

46
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

August

PER CENT INCREASE (+) OR
DECREASE (—)

1926

1927

September

October

November

October

November

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase
or decrease
cumulative

1926

1927

-95.7

50,458

44, 845

-11.1

-12.5
-8.5

77, 444
75, 205

51, 746
50,988

-33.2
-32.2

1,316

1,045

-20.6

2,042
1,946

1,246
1,204

-39.0
-38.1

1927
from
1926

TRANSPORTATION—Continued
Railway Equipment—Continued
Freight cars—Continued.
Ordered from manufacturers
Shipments by manufacturersTotal
:
Domestic
._
Unfilled orders (railroads)—
Total
_
From manufacturers
In railroad shops
Passenger cars:
Ordered from manufacturers.
Shipments by manufacturers—
Total.
Domestic

cars.

1,459

1,066

40

326

2,891

2,732

cars.
cars.

5,544
5,528

5,317
5,270

4,397

4,320
4,101

3,780
3,754

5,311
4,388

2,433
2,376

cars.
cars.
cars.

18,303
12, 385
5,918

18,096
13,545
4,541

14,437
10,799
3,638

10,901
6,991
3,910

9,721
6,424
3,297

11,484
7,046
4,438

11,591
6,975
4,616

-99.5
+55.4
+58.0
- 1 0 . 8 -16.1
-8.1
-7.9
- 1 5 . 7 -28.7
-33.3
-90.3
+39.5 +14.5
+37.8 +43.9

.cars.

69

36

19

18

12

32

124

...cars.
cars.

119
119

152
146

201
201

119
119

166
164

197
197

145
114

542, 544
.113,626

492,016
98,449

199,336
29,089

50,101
12,862

55, 543
15,620

33,088
3,658

1,710,162
6 305,783

23,420
29,935

28,418
57, 701

30,756
27,844

«281,744
* 333, 554

6,322
43,039
10,269

31,719
50,254
6,402
24, 396
8,063

34,528
34,176

9,230
65, 686
14,831

31,000
75,557
7,625
39, 748
8,474

5,377
18,150
7,896

17,992
8,434

7,379
3,234

7,528
3,428

7,625
3,288

6,494
2,851

6,778
2,997

6,018
2,684

Passenger Travel
National parks:
Visitors
numberAutomobiles entered
number.
Arrivals from abroad:
Immigrants...
number.
United States citizens
number.
Departures abroad:
Emigrants
number.
United States citizens
numberPassports issued.
number.
Pullman company operations:
Revenue
thous. of dolls.
Passengers carried
thousands.

8,596

PUBLIC UTILITIES
Telephone companies:
65, 758
64, 573
66, 529
62,641
65,233
Operating revenue
thous. of dolls.
62, 363
14,972
14,232
16,322
15,920
16,445
15,941
Operating income
-thous. of dolls.
Telegraph companies:
11,241
10,104
8 11,204
10,979
11,172
Commercial telegraph tolls.thous. of dolls.
10, 321
13, 894
12,656
13,998
13,648
13,822
12,879
Operating revenue
thous. of dolls.
1,940
1,417
1,626
1,409
1,632
«2,092
Operating income
thous. of dolls.
Gas and electric companies :t
170,668 175, 956
Gross earnings
thous. of dolls. 161,164 162,124 169,193 179,344
53,455 « 61, 800
53, 983
67,100
65,825
60,850
Net earnings
thous. of dolls.
Electric railways (212 companies):
807,261 791,386
Passengers carried
thous. of persons. 733,470 745, 769 728,371 790,712
Electric power production:!
6,684
6,455
6,600
6,594
6,904
Total
mills, of kw. hours.
6,482
2,404
2,434
2,200
2,181
2,376
By water power..
mills, of kw. hours.
2,255
4,280
4,021
4,400
4,413
4,529
4,227
By fuels.
mills, of kw. hours.
In street railways,
349
346
338
397
380
352
manfg. plants, etc mills, of kw. hours.
6,335
6,109
6,214
6,552 !
6,262
6,085
In central stations
mills, of kw. hours.
Electric power, gross
« 141,800 5 148,300
revenue sales
thous. of dolls. 5134,300 «135, 600 »144, 900 * 150,800 j
Electric power production (Canada) :f
1,003,700 1,015,119
Total
thous. of kw. hours. 945, 611 1,034,610 992,114 1,079,282
989,855 1,001,087
By water power
thous. of kw. hours. 931,327 1,019,435 976, 756 1,060, 677
15,175
14,284
15,358
13,845
18, 605
14,032
By fuel
thous. of kw. hours.
144,160 128,041
Total exports
thous. of kw. hours. 138,085 157,197 154,047 142,991
EMPLOYMENT AND WAGES
Employment in factories:
474
471
484
506
500
New York State*
thousands_
206
202
197
217
206
Detroit
thousands. .
93
93
95
100
101
New Jersey (rel. to 1923) index number. _
84
84
84
94
93
Pennsylvania (rel. to 1923) .index number. _
71
73
74
78
77
Delaware (rel. to 1923)
index number..
121.7
119.7
121.0
118.5
Wisconsin (rel. to 1915)
index number..
119.2
94.4
93.1
102.4
94.2
101.1
Illinois (rel. to 1922)
index number. .
84.0
82.1
90.8
85.2
90.6
Massachusetts (rel. to 1914) .index numberTotal payroll:
13,898
14,317
14, 853
14, 558
New York State * (weekly) .thous. of dolls.. 13,632
278.7
265.1
255.7
285.5
Wisconsin (rel. to 1915)
index number..
262.1
101
98
110
102
New Jersey (rel. to 1923)....index number..
109
85
81
98
83
Pennsylvania (rel. to 1923) .index number. _
95
75
74
Delaware (rel. to 1923)
index number..
82
76
83
Ohio construction employees
96
98
(rel. to 1923)
index number..
101
94
95
Federal civilian employees, Wash60,413
ington, D. C, end of month
number.. 60,433
59,618
59,489
60, 267
Average weekly earnings (State reports):
28.61
28. 32
27.65
Illinois, factory labor
dolls..
29.03
28.58
29.29
28.95
29.57
New York State, factory labor
dolls.
29.34
29.15
25.94
24.22
25.40
Wisconsin, factory labor
dolls.
26.62
24.84
236.4
229.1
237.1
Massachusetts (rel. to 1914) .index number229.9
232.0
109
106
109
New Jersey (rel. to 1923) index number110
108
101
96
98
Pennsylvania (rel. to 1923) ..index number.
104
101
102
99
101
Delaware (rel. to 1923)
index number..
103
105
5
Revised.
6 Cumulative through Oct. 31
* See table on p. 21 of the September, 1927, issue for earlier data,
t See tables on p. 26 of the November, 1927, issue for earlier data.
t See table on p. 48 of the December, 1927, issue for earlier, data.




+6.6

+1.9

8 56,839
6 330,139
167,602
8 69,379
8 30, 500

J

+12.0
+19.5
8 273, 777
-2.8
6 369, 238 +10.7
6 55,166
-2.9
8 358,168
+8.5
174,043
+3.8
-1.1
-2.4
8 29,761

l,914,692
6 365. 265

e 598, 667
6
142, 519

8 650,427
6 159,861

+8.6
+12.2

8 108,606
« 131,964
8 17,465

6 106, 246
6 131,828
6 17,117

-2.2
-0.1
-2.0

81,631,203 81,742,062
8 576,256 s 628, 264

+6.8
+9.0
-0.9
+8.5
+13.0
+6.1
-4.9
+9.4
+7.6
+9.1
+8.9
+14.8
+9.8

87,866, 262 87,791,941
8 60,492
e 21. 529
8 38, 964

6 65, 644
6 24,320
6
41,325

8 3, 852
6 56,640

6 3, 664
6 61,980

»1,349,000 61,451,100
69,114,384 69, 943, 992
'68,991, 561 69,791, 561
6 132,822 a 152,431
6
l,250,391 61,372,642

-1.9

-1.1
-1.2

+1.4

-4.8
-4.9
-6.9
-10.8
-3.9

-2.0

-9.2

+2.1

-3.7

-6.1

-2.0
-1.2

+1.3

-8.3
-11.6
-7.2

-13.1

-22.3

-1.4
-0.9
-1.0

+1.0

0.0
-1.0
-1.

47
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown herefmay
be found on pages. 23 to 133 of the
August, 1927, "Survey"

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

49
49
31
25
28
40
37
43
52
39
50

0.0
0.0
-7.1
0.0
-6.2
0.0
-2.6
-2.1
-5.4
0.0
0.0

133.0

133.0

+2.4

-3.4

104
112
122
72
65

Perct.
increase
or decrease

-2.0
-6.1
-16.1
0.0

120
122
139
102

October

November

27.01
29.35
30.78
24.21
17.35

27.43
29.79
31.26
24.28
17.64

49.5
47.4

49.8

49.6
47.9

56
40
50

48
46
26
25
30
40
37
47
53
40
50

49
47
27
25
29
39
36
42
52
39
50

125.5

128.5

cumulative
1927
from
1926

27.14
29.13
30.57
23.80
17.39

August

September

October

26.82
29.27
30.74
23.95
17.08

27.16
29.76
31.33
24.08
17.26

27.32
29.70
31.18
24.29
17.32

49.7
47.3

49.5
47.8

49.5
47.8

50
47
30
25
30
37
37
45
54
39
50

49
47
27
26
28
38
37
46
54
39
50

49
46
26
25
33
40
38
46
54
40
50

125.5

125.5

125.5

July

PER CENT IN- CUMULATIVE TOTAL
FROM JANUARY 1
CREASE (-f) OR
THROUGH NOVEMDECREASE (—)
BER 30

1926

November

1926

1927

E M P L O Y M E N T A N D WAGES—Con.
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars..
Total male
dollars..
Skilled male
dollars..
Unskilled male
dollars..
Total women
_
dollars..
Average weekly hours:
Nominal (both sexes)
_
hours..
Actual (both sexes)
hours..
Wages, road labor, b y geographic
divisions:
New England
cents per h o u r . .
Middle Atlantic
cents per h o u r . .
South Atlantic
cents per h o u r . .
East South Central
cents per h o u r . .
West South Central
cents per h o u r . .
East N o r t h Central
cents per h o u r . .
West N o r t h Central
cents per h o u r . .
Mountain
cents per h o u r . .
Pacific
cents per h o u r . .
United States, average
cents per hour..
Wage-rates, U. S. Steel Corp...cents per hour..
Wages, steel workers, Youngstown
district
per cent of base..
Applicants per 100 jobs, employment agencies:
United States
number..
Eastern S t a t e s . . . .
number..
Central States
_
number..
Southern States
number..
Western States
number..

+7.1
0.0
0.0

+9.3
+1.9
+2.6
0.0

134
145
152
118
87

129
137
156
122
170

121
131
136
114
79

120
129
145
122
61

39.1
27.6
5.6
5.9
37.8

40.7
27.2

38.0
25.3
7.7
5.0
38.3

30.5
18.2
8.2
4.1
34.1

43.6
31.9
4.7
7.1
57.7

40.2
25.6
8.5
6.1
40.2

-19.7
-28.1

+6.5

4.9
41.7

51.3
38.0
6.0
7.3
52.6

-24.1
-28.9
-3.5
-32.8
-15.2

41,406
37, 795
23,970
13, 825

46, 218
40,987
24, 609
16,378

57, 776
50, 869
29,302
21, 567

58, 368
51, 229
29, 847
21, 382

54, 743
46, 995
26, 840
20,155

55, 802
47, 869
27,991
19, 878

+1.0
+0.7
+1.9

+4.6
+7.0
+6.6
+7.6

479, 661
418, 878
242, 717
176,161

555, 262
435, 810
258,415
177,395

+15.8
+4.0
+6.5
+0.7

38, 738
2,371
20, 740
1,568
10,422
413
3,020
215
4,556
175
978
90
1,002
55
3,278
135

46,498
2,396
26,032
1,584
12,084
419
3,313
217
5,069
176
1,120
90
1,223
55
4,275
146

44, 254
2,415
23, 731
1,588
12,011
427
3,240
219
5,272
181
1,090
91
1,139
55
4,366
152

42, 913
2,191
24, 802
1,482
10, 935
354
2,916
187
4,260
168
1,048
81
1,025
41
3,799
101

5 41, 251
2,204
5 22, 535
1,484
10,957
362
fi 2,937
189
4,822
169
1,010
81
954
41
3,726
104

408, 850

+7.6

+0.8
-8.8
+0.3
-0.6
+1.9
-2.2
+0.9
+4.0
+2.8
-2.7
+1.1
-6.9
0.0
+2.1
+4.1

+7.3
+9.6
+5.3
+7.0
+9.6
+18.0
+10.3
+15.9
+9.3
+7.1
+7.9
+12.3
+19.4
+34.1
+17.2
+46.2

379, 828
212, 293

220, 856

+4.0

"98," 767

"116,732

+12." I

27, 567

32, 383

+17.5

"427201

"46," 879

912
53
3,018
126

39, 539
2,349
21,400
1,552
10, 522
409
3,053
214
4,564
174
965
90
944
54
3,114
130

104, 684
27,869

107,234
27,985

107, 714

119,443
28,191

118,335
28,323

93, 639
26,114

97,274
26,315

-0.9
+0.5

+21.7
+7.6

962,289

1,190,152

+23.7

8,484
747

8,439
747

9,149
792

8,725
797

8,078
660

7,739
704

-4.6
+0.6

+12.7
+13.2

81, 921

103,164

+25.9

8,707
3,451

8,862
3,424

-2.4
+1.0

110,021

+14.2

3,386
600

3,076
606

3,278
606

3,673
614

3,615
618

3,684
566

3,501

-4.9
+0.2
-1.6
+0.7

96,370

3,453

8,653
3,459

9,607

3,422

8,243
762
8,678
3,449

+3.3
+8.6

36, 389

41, 643

+14.4

720

890
62

1,136
62

1,159
61

1,161
61

1,366
62

1,318
62

+0.2
0.0

-11.9
—1.6

11,908

12,316

+3.4

2,558
277

2,523
277

2,713

2,830
267

2,857
257

2,754
263

2,818
254

+1.0

+1.4
+1.2

49, 501

38, 797

-21.6

-3.7

3,411
231
14,766
2,256

3,646
233
15, 648
2,463

3,602
235
15, 328
2,378

3,460
236
14, 661
2,275

3,837
225
17,053
2,593

-5.4
+4.4
-9.4
-7.7

39,400

-2.3

226
16,190
2,466

-3.9
+0.4
-4.4
-4.3

40, 342

235
15,311
2,437

27,221

26, 313

-3.3

1,155

1,183

1,161

1,224

1,185

1,244

1,193

-3.2

-0.7

13,121

13,087

-0.3

Factory Labor T u r n o v e r
(Percentage of n u m b e r on p a y roll)
Departures:
Total
per cent
Voluntary q u i t s . . . p e r cent
Lay offs
percent
Discharges
percent
Accessions
per cent

(annual
(annual
(annual
(annual
(annual

basis)..
basis)..
basis)..
basis)..
basis)..

-18.0
-11.0

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous, of dolls..
Total sales, 2 houses
thous. of dolls..
Sears, Roebuck & Co
thous. of dolls..
Montgomery Ward & C o . - t h o u s . of dolls..
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls..
Total stores operated (4 c h a i n s ) . . .number.
F. W. Woolworth & Co
thous. of dolls..
Stores operated
number..
S. S. Kresge Co
thous. of dolls..
Stores operated
number..
McCrory Stores Corp
thous. of dolls..
Stores operated
number..
S. H . Kress & Co
thous. of dolls.
Stores operated
number..
Metropolitan
thous. of dolls..
Stores operated
.number..
F . & W. Grand
_
thous. of dolls..
Stores operated
number.
W. T. Grant Co
'.
thous of dolls.
Stores operated
number..
Chain stores:
GroceriesSales
thous. of dolls.
Stores operated
numberDrug—
Sales..
thous. of dolls.
Stores operated
numberCigar—
Sales
thous. of dolls.
Stores operated
number.
ShoeSales
thous. of dolls.
Stores operated
number.
Music—
Sales
thous. of dolls.
Stores operated
numberCandy—
Sales
thous. of dolls.
Stores operated
numberRestaurant chains:
Total sales (2 chains)
thous. of dolls.
Stores operated
numberAverage per store
dollars.
Childs Co., sales
thous. of dolls.
J. R. Thompson Co.,
sales
thous .of dolls.
* Revised.




32,967
20,961
12,006
36, 884
2,334
20,176
1,546
9,791
404
2,859
212
4,058
172

-0.9
-4.8

8,867

9,924

+11.9

"~8,~677"

"16," 613

+22.1

~29,~480'

35,~117

48
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey*'

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

PER CENT INCREASE ( + ) OR
DECREASE ( —)

1926

1927

i
Nov.,
July

August

September

October

November

October !

No v e m
b e r -

1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

DISTRIBUTION MOVEMENT-Contd.
Retail Sales—Continued
Other chain stores:
Isaac Silver & Bros...
Stores operated
Hartman Corporation
Stores operated
J. C. Penny Co
Stores operated
United Cigar Stores Co
Stores operated
A. Schulte (Inc.)
Stores operated

thous. of dolls number.
thous, of dollsnumber.
thous, of dolls,

«477
+0.8
18
0.0
1,391 - 1 1 . 7
15
0.0
5 13, 333 - 0 . 6
5 746 +0.1
6,517
-4.2
3,125
+0.2
2,312
-6.9
291
+0.3

415
21
1,068
17
10,441
842
6,593
3,115
2,447
296

394
21
1,712
17
11,007
854
6,447
3,143
2, 225
297

468
22
1,907
18
13, 735
883
6,473
3,139
2,164
297

509
22
1,486
19
17,165
889
6,822
3,143
2, 231
297

513
22
1,312
19
17,054
890
6,534
3,148
2,076
298

1,734
84,138

2,128
82, 865

2, 542
100, 737

2,599
115,472

2, 289
08,671

24,668 !
5,487 I
1,950

22, 704
5,161
1,572

28, 250
5,323
1,597

30,257
5,144
1,103

28, 861
4,544
1,570

29, 554
5,598
1,355

2,241
895
3,533 i
724 !
278
172 i
73 j
624
2,246

2,776
601
3,325
344
262
99
59
548
1,701
30

3,198
649

3. 507
'917
3,766
246
840
439
178
3,019
1, 252
174

3,891
842

3,203
230
819
438
131
1,840
1,293
190

3,679
228
341
340
205
2,658
1,674
181

1,938
784
3,680
219
1,053
439
300
2,156
1,441
205

3,564 s
30
2,802

3,087
42
2; 497

3,895
129
3,315

5,860
351
3,461

5,566
168
2,974

6,003 i 5 6,039
305
5 163
4,078
8 3,578

26, 300

28, 478

30,152

32,450

32,799

32, 860

31, 868

+1.1

2, 988

3,197

3,291

3,395

3,331

3,421

3,223

-1.9

9,529
76, 970

10,120
82, 538

10,167
84,383

11,659
76, 574

11,447
97,263

2,994
32, 759

3,162
33, 234

2,994
31, 667

3,363
35,147

3,208
34, 551

3,320
35, 336

Delinquent accounts, electrical trade:
Amount
dollars. _ 201.183
166.683
Number of
firms
_
number..
1,427 |
1,585
BANKING AND FINANCE

145, 031
1,320

156, 606
1,365

144,458
1,211

144, 985
1,241

+7.5
+22.2

11,681
97,465

.number.

thous,. of dolls _
number.
i.
thous. of dolls.
number.

464
18
1,605
15
13, 256
743
6,878
3,091
2, 693
289

3,811

-7.4

129,169

+29.6

70, 767

70, 704

-0.1

25, 274

-10.2

16, 046

99,695

+26. 7
+27.9
+ 19.3
+0.3
+0.7

4,584

17, 337

-5.7

25, 807

+2.1

+20.3

+2,4

Advertising
Magazine advertising for the following
month
thous. of lines.
Newspaper advertising
thous. of lines.
National advertising in newspapers:*
Total
.thous. oflines.
Automobiles
thous. of lines.
Automobile accessories
thous. of lines.
Cigars, cigarettes, and
tobacco
thous. of linesFinancial.
thous. of lines.
Food, groceries, beverages.-thous. of lines.
Hotels and resorts.
thous. of lines.
Household furniture
thous. of lines.
Men's clothing
thous. of lines.
Musical instruments
thous. of ljnes.
Radio and electricalthous. of lines.
Railroads and steamships... thous. of lines.
Shoes
..thous. of lines.
Toilet articles and medical
preparations
thous. of lines.
Women's wear
thous. of lines.
Miscellaneous
thous. of lines.

- 3 . 5 || 7 27, 267
- 4 . 4 1 1,163,901
1

7
27. 468
1, 111, 274

+0.7
-4.5

2, 373
2, 703
122, 358 5113,665

-11.9
-5.9

«27, 613
«3, 949
5 1,282

-4.6
-11.7
+42. 3

+4.5
+ 15.1
+22.5

301, 619
62,782
16,096

303, 368
58, 714
17, 478

+0.6
-5.4
+3.2

'2,601 +10.9
5859
-8.2
! 5 3,395 - 2 . 3
5
I
278
-7.3
5 447 - 5 9 . 4
I
5 332 - 2 2 . 6
I
5 478 +15.2
5 2,203 -12.0
! 51,807 +33. 7
5 202 +4.0

+49.6
-2.0
+8.4
-18.0
-23.7
+2.4
-57.1
+20.7
-7.4
-10.4

23, 931
9,465

39,187
4,754
6,671
3,366
1,736

30,937
9,377
40,483
4,984
6,330
4,983
1,480

13,310
19, 650
1,693

14,080
19,148
1,560

+29.3
-0.9
+3.3
+4.8
-5.1
+48.0
-14.7
+5.8
-2.6
-7.9

57,790
1,674
39, 326

54, 346
1,630
37,477

-6.0
-2.6
-3.7

326, 976

335,216

+2.5

34, 950

35, 864

+2.6

107,080
845,375

107,964
857, 771

31,123
325,641

32,368
326, 407

+0.8
+1.5
+4.0
+0.3

-5.0
-52.1
-14.1

+3.1

-16.9

Postal Business
Postal receipts, 50 selected
cities
thous. of dolls_.
Postal receipts, 50 industrial
cities
thous. of dolls-.
Money orders:
Domestic paid (50 cities)—
Quantity
number..
Value
thous. of dolls..
Domestic issued (50 cities)—
Quantity
number..
Value
thous. of dolls..

I

+2.9
+3.4
!
I
!
j

Wholesale Trade
148, 358
1,286

-5.3
-5.8

+2.3
+3.6

Life Insurance
(Association of Life Insurance Presidents)
Policies new (45 companies):
Ordinary
__.number of policies.. 216, 956 211,482
186, 090 212, 924 203, 629 219, 049 221, 457
2,363, 373 2, 390,406
-8.1
-4.4
Industrial
number of policies. _ 732, 665 781, 361 745, 664 992,140 940, 847 822, 459 870,324
+8.1 8, 548,387 9,100,862
-5.2
Group
number of contracts..
1,878
115
148
183
208
161
138
1,895
182 +40.5 +14.3
Total—number of policies and contracts.. 949, 782
992,981
931, 869 1, 205,212 1,144, 684 1, 041,691 1, 091, 963 -5.0
+4.8 10, 913, 655 11, 493,146
Policies and certificates issued:
Total policies and certificates
number. _ 978,721 11,023,331 945,250 1, 228. 861 1,172, 404 1, 085, 721 1,162,144
+0.9 11,449,763 12, 468,137
-4.6
Group insurance certificates.. .certificates..
23, 797
376, 869
29,100 ! 30,488
44,213
27, 928
13, 496
538,003
70,363 +17.4 - 6 0 . 3
Amount of new insurance (45 companies):
Ordinary
thous. of dolls..
625, 510
526, 564 615, 753 582, 000 618,041 629, 860
-5.5
-7.6 6,990,936 7,078, 559
Industrial
thous. of dolls.. 200,835
211,157
200, 622 265,974 252, 738 226,523 235, 691
+7.2 2, 338,051 2,456,257
-5.0
Group
thous. of dolls..
54,229 I 43,977
48,625
659,347
31,475
62,353 100,448 +58.3 -23.4
76,960
788,153
Total insurance
thous. of dolls.. 893,930
880, 644
758, 661 930, 352 911, 698 906,917 965,999
-5.6 10,117,140 10,194,163
-2.0
Premium collections (45 companies):
Ordinary
thous. of dolls.. 140,517 i 137,510
140,041
125, 689 127,489
145, 581
131,763
+4.0 +14.2 1,416,045 1, 572,202
Industrial
thous. of dolls..
47,108
49,220
49,272
512,338
45,281
45, 741
43,988
48,273
+6.6
463,355
-2.0
Group
thous. of dolls..
5,123
5,327
5,792
58, 597
4,327 -16.1 +12.4
4,317
4,735
4,862
51,029
Total. _
thous. of dolls.. 192,748 | 192,057
181, 821 195,105 198, 716 174,412 177, 097 +1.9 +12.2 1, 930,429 2,143,137
Admitted life insurance assets (41 companies):
Grand total
mills, of dolls..
11,078
11,172
11,381
10,237
11,268
10, 333
Mortgage l o a n s Total
mills, of dolls..
4,847
4,898
4,982
4, 941
4,405
4,463
Farm
mills, of dolls..
1,620
1,622
1,620
1,621
1,581
1,585
All other
mills, of dolls..
3,227
3,321
3,276
3,361
2,824
2,878
5
7
Revised.
Cumulative through Dec. 31.
*See table on p. 25 of the Nove mber, 1927, issue for earlier data.




+1.1
+6.5
-0.9
+5.3
+8.9
-30.0
+1.3
+5.1
-16.3
+0.8
+11.0
+10.6
+14.8
+11.0

49
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives
shown are through November, except where otherwise
noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927,
"Survey"

July

August

PER CENT INCREASE ( + ) OR
DECREASE ( —)

1926

Septem- October November
ber

October

November

3,941
937
2,156
729
119

691, 520
283,297
153,194
102,894
84,462
67, 673
44,251

or decrease
cumulative
1927
from
1926

1,219
694

656,362
262, 334
145,635
100,446
81,621
66, 326
40, 226

Nov.,
1927,
from
Nov.,
1926

Perct.
i

3,957
936
2,161
740
120

1,210
681

Nov.,
1927,
from
Oct.,
1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

1926

1927

+0.5 - 4 . 2
- 1 . 3 -10.3
+1.4 - 1 . 8
+2.6 +3.3
+1.8 - 0 . 3
+0.8 - 0 . 1
-6.6
+1.5

7, 529, 710
3,002,015
1,640, 578
1,188,952
944,735
753,430
424,283

7, 697, 806
3,121,131
1, 710,036
1,155,389
936,724
774,526
453,539

+2.8
+6.9

- 2 . 4 +29.1
- 5 . 2 +10.4
+16.8 +29.4
+25.9 - 2 6 . 0
0.0 - 3 . 1
+4.8 +33. 4
-4.1 - 0 . 5
+0.4 +3.8
-4.3 -1.4

306,479

244,651
15,306

352,619
255,837
17,393

+15.1
+4.6
+13.6

205, 521
548,833
3,435,107

BANKING AND FINANCE-Continued
Life Insurance—Continued
Admitted life insurance assets—Continued.
Bonds and stocks (book value)—
Total
mills, of dolls..
Government
. mills, of dolls..
Railroad--.
mills, of dolls..
Public-utility
mills, of dolls..
All other
mills, of dolls. _
Policy loans and premium
notes
mills, of dolls..
Other admitted assets
_.mills, of dolls._

4,152
920
2,234
850
148

4,192
923
2,242

4,216
919
2,259

151

151

4,262
928
2,268
911
155

1,316
763

1,327
755

1,338
773

1,347
790

680, 076
267,873
151, 721
105,250
86,058
69,174
39,962

681,859
261,413
154,716
103, 671
86, 549
75,510
38, 360

606, 760
237,184
138,441
93,224
76,998
60,913
35,302

659,375
257, 543
148,380
103,663
82,706
67,083
48,104

{Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies):
United States total
. . . t h o u s . of dolls..
Eastern manuf. dis
thous. of dolls..
Western manuf. dis
thous. of dolls..
Western agric. district..thous. of dolls..
Southern district
thous. of dolls..
Far western district
thous. of dolls..
* Canada total, 15 companies.thous. of dolls. _

662,688
254, 111
150,447
106, 310
84,189
67, 631
44,935

+2.2
+4.0
+4.2
-2.5
-0.8

Banking
Debits to individual accounts:
33,282
34,091
28, 755
31, 653
New York City.
mills, of dolis.. 30,7£0
33, 369
25,7C0
23,809
23,754
22,054
25,117
Outside New York City
mills, of dolls..
21, 568
23, 387
22,937
2,159
1,579
1,474
1,849
Bank clearings (Canada)
mills, of dolls..
1,669
1,583
1,476
Federal reserve banks:
632
379
477
398
645
Bills discounted
mills, of dolls..
430
401
1,731
1,717
1,717
1,706
1,772
Notes in circulation
mills, of dolls. .
1,662
1,676
£03
862
610
Total investments.
.mills, of dolls..
737
677
658
556
2,940
Total reserve.
mills, of dolls..
3,126
3,067
2,954
3,146
3,181
2,956
2,413
Total deposits
mills, of dolls..
2,404
2,341
2,3!80
2,281
2,324
2,330
71.2
74.4
Reserve ratio
per cent..
76.3
72.2
78.3
73.6
79.7
Federal reserve members banks:
15,214
14,314
14,942
14,488
14,697
15,029
14,375
Total loans and discounts...mills, of dolls..
6,329
5,578
5,927
6,042
6,065
5,521
Total investments
mills, of dolls..
5,992
13,954
13,349
13,464
12,918
13,033
Net demand deposits. _
mills, of dolls. _ 13,200
13,230
Brokers' loans, end of month:
To New York Stock
Exchange members
thous. of dolls.. 3, 641, 695 3,673, 891 3,914, 628 3,946,137 4,091, 836 3, 111, 177 3,129,162
B y New York F . R. member
banks
thous. of dolls.. 3,141,193 3,184,058 3, 305,623 3,371, 705 3,510, 849 2, 602,196 2, 646, 653
Interest rates:
3.75
4.03
New York call loans
per cent. _
3.81
4.75
4.59
4.00
3.65
4.23
Commercial paper 4-6 mos
.per cent..
4.31
4.28
4.50
4.44
4.30
4.16
3.50
N . Y. Fed. Res. Bank
.'
per cent..
3.50
3.50
4.00
4.00
4.00
3.50
5.25
Federal land banks
per cent_.
5.25
5.25
5.25
5.25
5.25
5.25
4.50
Intermediate credit banks
per cent..
4.50
4.50
4.50
4.50
4.50
4.50

+1.2 +5.8
+4.4 +12.6
+3.6 +7.1
+3.7 +30.8
+4.1 +32.7
-6.9
-1.2
0.0
0.0
0.0

-18.3
-4.7
-12.5
0.0
0.0

+0.3

+8.0

-1.1
15.8
-32. 3

-6.3
-9.5
-15.0

217,846
557,196
3,427,495

-1.5

+54.0

3,200,110 i 3,250,597

Savings Deposits
New York State savings
i
banks, end of month
thcus. of dolls.. 4,023,347 4, 033,176 4, 088, 540 4, 082,938 4,096,032 3, 778,155 3, 791,144
Public Finances
Government debt, gross
Customs receipts
Total ordinary receipts...
Expenditures chargeable to
ordinary receipts
Money in circulation:
Total
Per capita

mills, of dolls..
.thous. of dolls..
thous. of dolls..

18,463
50,481
173, 970

18,380
52, 982
202,182

18,478
54,410
590,192

18,368
56,617
221, 205

18,174
47,660
149, 683

19, 420
CO, 969
192, 919

-.thous. of dolls._

203, 579

259,181

287,442

413, 220

406,830

367, 595 5 264,250 !

mills, of dolls..
dollars. _

4,744
40.53

4,750
40.54

4,850
41.35

4,845
41.25

4,845
41.22

39,196

32, 786

14,921
14, 702
9,573
1, 687

15, 349
12, 052
5,385
1,490

19,389
52,655
176, 002

4,933
42.53

4,949
42.62

36, 236

36,147 | 33,231

32,694

- 0 . 2 I +10. (

363, 613

469,043

17,134
14, 657
4,445
2,157

12, 786
16, 949
6,412
2, 531

11, 650
15,874
5,707
2,384

16,097
14,158
2,439
2,712

-25.4 - 2 0 . 6
+15.6 +19.7
+44.3 +162. 9
+17.3

141,273
180, 765
41, 576
25,493

182,482
211,461
75,100
23,177

1,573
389
1,083
101
143

1,787
488
1,170
129
173

1,864
478
1,276
110
162

1,763
450
1,205
108
190

1,830
440
1,285
105
188

+1.9
+8.6
-0.7
+4.8
-13.8

19, 704
4, S01
13, 797
1,006
1,902

20,984
5,085
14, 652
1,247
1,832

489,725
369,850

321,800
227,100

490,675
331,175

119,875
70,250
28,375
12,250

94, 700
48,800
33, 500
12,400

-5.7
1.5

+0.2
+1.6

0.0
-0.1

Business Failures
Liabilities (United States):
Total commercial
tnous. of dolls..
43,150
Manufacturing
establishments.
-thous. of dolls..
16, 743
Trade establishments
thous. of dolls..
16, 832
Agents and brokers
thous. of dolls..
9,575
Liabilities (Canada)
thous. of dolls..
1,785
Firms (United States):
Total commercial
number..,
1,756
Manufacturing establishments
number__
448
Trade establishments
number. _
1,187
Agents and brokers
number..
121
144
Firms (Canada)
number..
Dividends a n d Interest P a y m e n t s
(For the following month)
Grand total
thous. of dolls.. 252,325
Total interest payments
thous. of dolls._ 161,100
Dividend payments:
91,225
Total
.
thous. of dolls..
Industrial and misc
thous. of dolls. _ 50, 050
34, 675
Steam railroads
.thous. of dolls..
6,500
Street railways
thous. of dolls..
5 Revised.




1,708 |
438
1,174
96
147

326,325
250,100
76,225
49,375
19,750
7,100 I

+4.3
-2.0
+9.1
-14.7
-6.4

+29.0
+29.2
+17.0
+80.6
-9.1

+6.5
+3.8
+6.2
+24.0
-3.7

'4,391,179 •4,751,454
+8.2
7 3,472,098 +7.9
+7.5 3,218,500
159, 500
s 120,800 +68.4 +32.0 '1,172,685 U,279,355
+9.1
119, 700
42, 800 5 90,000 +145. 3 +33.0
' 664,375 7 722, 375
+8.7
24,050
32, 000 s 20, 800 -28.2 +15. 6
7 331,115 7 349, 500 +5.6
15, 750
12, 000 * 10,000 +27.0 +57.5
' 109, 695 7 124, 675 +13.7
' Cumulative through Dec. 31.
339,100 5 428,930 ! j +52. 5 +14.4
252, 300 308,130 I +45.8

50
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

July

PER CENT INCREASE ( + ) OR
DECREASE (—)

1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Per ct.
increase

<+>

or aecrease

I SeptemAugust ! ber

October

November

October

November

Nov.,
1927,
from
Oct.,
1927

Nov.,
1927,
from
Nov.,
1926

1926

1927

81,000
444,278

31,281
451,364

125,623
734,081

35,800
617,554

118,000
350,482

24,240
595,237

-71.5
-15.9

+47.7
+3.7

466,632
4,870,252

709, 579
6,449,334

277,832
166,446

372,585
78,779
109,576
341, 788

574,380
159,701

403,365
214,190

276,706
73,776

330,694
264,543

-29.8
+34.1

+22.0

4,003, 775 4,784,619
866,476 1,664, 716

134,568
599, 513

121,198
496,356

58,490
291,993

203,909
391,328

183,764
109,821
65,392
25,000
38,292
22,009

19,493
200,174
82,659
45,602
93,437

32,550
311,832
113,368
42,000
73,729
160,603

16,796
252,482
180,038
8,200
42,730
117,309

12,190
147,311
55,117
31,212
80,142
17,260

27,821
162,328
73,058
230,968
51,068
49,494

-9.9
-17.2
-48.4
-19.0

-40.6
+26.8
-39.6
+55.5
+146. 4
-96.4
-16.3
+137. 0

None
904
6,625

18,370
9,788
52,973

24,045
3,828
74,936

58, 540
10,532
24,260

6,000
3,374
33,960

15,910

6 16,012

16,055

5 15,154

6 15,163

118,451 ' 124,805 94,893
73,088 8 69,561
17,137
431,293 243,998 225,803

105,076
42,075
901,303

71,726
11,882
552, 787

(-)

cumulative
1927
from
1926

BANKING AND FINANCE—Continued
New Security Issues
25,596
Foreign governments
thous. of dolls..
Total corporation
thous. of dolls._ 371,095
Purpose of i s s u e New capital.
..thous. of dolls.. 341,658
29,437
Refunding
thous. of dolls..
Kinds of i s s u e 790,052
Stocks
thous. of dolls..
Bonds and notes
thous. of dolls.. 292,043
Class of i n d u s t r y 14,306
Railroads
thous. of dolls..
Public utilities
thous. of dolls.. 115,360
69,127
Industrials
thous. of dolls. .
20,750
Oil
thous. of dolls..
Land and buildings
thous. of dolls..
Shipping and misc
thous. of dolls.. 102,616
Bond issues (Canada):
Govt. and provincial
thous. of dolls.. None
4,799
Municipal
thous. of dolls..
31,557
Corporation
thous. of dolls..
Tax-exempt securities:
Total outstanding, end of
15,843
month
mills, of dolls. .
States and municipalities:
Permanent loans
thous. of dolls.. « 87,046
19,288
Temporary loans
thous. of dolls..
New incorporations
thous. of dolls.. 273,906

153,887
290,391

«89,364
60,382
325,193

+58.8
-80.5
-42.0
-27.0

2,540 +143. 5
12,967 +175.1
415 -67.6

-19.0

-18.8

+52.1
+32.4
+19.5
+92.1

1,222,804
3,647,450

1,484,011
4,965,145

379,413
1,837,794
449,717
670,175
501,314

889,121
2,469,091
1,120,046
383,338
610,467
904, 573

+21.4
+36.1
+134. 3
+34.4
+13.3
-14.8
-8.9
+80.4

175,933
58,197
260,297

155,921
66,141
297,204

+13.7
+14.2

-uS

-24.0
-75.4
-7.5

+34.3 1,214, 792 1,353,642 ! +11.4
+44.2
591,063
566,187 I - 4 . 2
-59.2 10,095, 550 4,368,683 ! -56.7

-55.9

-78.6

Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks
thous. of dolls.. 1,134,896 1,139,502 1,143,130 1,147,135
Joint-stock land banks
thous. of dolls.- 607,679 609,891 609,535 610,050
Federal intermediate credit
64,408
62,879
66,885
64,252
banks
thous. of dolls..
4,285
4,731
4,569
4,080
War Finance Corporation..thous. of dolls.-

1,063,056 1,068, 596
619,217 624,230
1,800

84,665
9,154

87,977
8,421

233.36
117. 84
130.15

237. 84
120.04
142.63

164. 63
94.93
111. 61

171. 95
97.43
115.32

111.31

111. 94

110. 67

110. 79

355.8
573.6
128.0
389.1
109.6
104.0
203.8
153.1
43.9
173.4
55.4
267.2

353.5
598.4
136.3
406.6
111.5
107.5
207.9
152.0
45.1
174.1
55.8
274.6

225.6
390.8
112.3
299.4
90.7
109.0
165.1
113.7
38.1
156.4
45.9
215.6

215.4
424.2
116.0
309.9
89.5
108.5
172.3
116.7
40.3
159.4
46.1
222.0

96.11
87.24
79.00
79.93
85.05

97.23
87.87
79.14
79.86
85.43

89.52
81.33
74.29
77.59
80.31

90.42
82.27
75.60
78.60
81.36

+1.9 +38.3
+1.9 +23.2
+9.6 +23.7
+0.6 +1.0
- 0 . 6 +64.1
+4.3 +41.1
+6.5 +17.5
+4.5 +31.2
+1.7 +24.6
+3.4 -0.9
+2.0 +20.7
-0.7 +30.2
+2.7 +11.9
+0.4 +9.2
+0.7 +21.0
+2.8 +23.7
+1.2 +7.5
+0.7 +6.8
+0.2 +4.7
-0.1 +1.6
+0.4 +5.0

Stocks and Bonds
Stock prices, average daily closing:
1
229. 99
242. 66
221.90
25 industrials, average
dolls, per share. .
117. 42
119. 95
117.00
25 railroads, average
dolls, per share..
141.17
140.67
103 stocks, average
dolls, per share.. 135.83
Southern cotton mill
109. 85
112.48
111. 05
stocks-..
dolls, pershare..
Stock prices, average weekly closing: *
290.2
318.5
354.5
Automobile _ _
index number. _
477.7
534.2
585.1
Chain stores
index number..
114.6
121.8
127.4
Copper
index number..
363.4
371.3
392.2
Food
index number. _
107.8
106.2
110.0
Machinery manufacturing .index number..
100.9
105.3
105.3
Petroleum
index number. _
203.6
212.5
216.1
Railroad equipment
index number..
138.3
150. 5
165.8
Steel
index number. .
43.6
44.8
42.1
Textile.
index number. .
166.6
169.9
162.7
Theater
index number..
50.6
57.6
45.7
Tire and rubber
.index number..
254.1
267.2
242.6
Traction, gas and power
index number..
Bond prices:
95.19
93.57
94.58
Highest-grade rails .p. ct. of par, 4% bond..
84.16
86.11
85.43
Second-grade rails..p. ct. of par, 4% bond..
78.29
76.85
78.23
Public utility
p. ct. of par, 4% bond..
78.60
79.81
79.55
Industrial
p. ct. of par, 4% bond..
84.35
82.81
83.98
Comb. price index..p. ct. of par, 4% bond..
Stock sales:
38,493
51,057
51,918
N. Y. Stock Exchange
thous. of shares..
Bond sales:
Miscellaneous.
...thous. of dolls.. 252,423 290,948 254,987
13,070
24,326
17,289
Liberty-Treasury
thous. of dolls. .
269, 712 304,018 279,313
Total..
thous. of dolls.
Bond prices, 1st of following month:
103.68
104.14
103. 58
5 Liberty bonds
p. ct. of par..
16 foreign government and
105. 67
105. 64
105. 42
city
__
p. ct. of par..
101.34
101. 51
100. 79
Comb, price index, 66 bonds..p. ct. of par..
4.02
3.96
4.06
Municipal bond yield
per cent..
Long-term real-estate bonds issued:
32,247
42, 763
39, 719
Grand total
thous. of dolls..
Purpose of issue—
19,435
23, 463
12, 223
Finance construction...thous. of dolls..
4,482
5,140
15,040
Real-estate mortgage..-thous. of dolls..
Acquisitions and
2,080
4, 575
3,310
improvements
thous. of dolls. _
Kind of structureOffice and other
7,700
19, 575
commercial
thous. of dolls..
5,140
7,170
2,065
Hotels
thous. of dolls
3,473
3,680
4,700
Apartments
thous. of dolls..
* See tables on pp. 21-22 of the
• Revised.




50,459

51,356

40,213

31,183

+1.8 +64.7

258,112
13,187
271,299

261, 540
'20,205
281, 745

217,302
15,870
233,172

272,138
17,457
289, 595

+1.3 - 3 . 9
+53.2 +15.7
+3.9 - 2 . 7

103.92

106. 53

102. 62

102. 88

104. 65
101. 59
3.95

105. 46
102. 43
3.93

103. 80
99.41
4.16

103. 92
99.74
4.14

59,092

27,131

67,545

40,330

-54.1

-32.7

588, 696

518,420

-11.9

35, 819
10, 523

12,460
5,241

24,015
19,160

245,928
126,008

-23.4

1,850

14, 300

-59.0
+8.2
-55.0

320,957
119, 614

525

30, 375 - 6 5 . 2
4,845 - 5 0 . 2
4,110 +252.4

78,180

58, 728

-24.!

239,201
98983
79,456
1927, issues for earlier data.

170,448
34, 476
54, 470

-28.7
-65.2
-31.4

14,105
23,910
9,155
5,175
6,235
2,660
11, 320
5,945
2,226
October, 1927, and p . 23 of the November,
21,980
3,845
11, 519

+2.5
+0.8
+0.8
-0.5

-58.3
-30.8
-80.7

407,213

522,124

2, 565, 719 3,122, 544
230,326 I 265,985
2,696,045 ! 3,388,529

+28.2
+21.7
+15.5
+25.7

+3.5
+1.5
+2.7
-5.1

-61.7
-57.3
-62.6

+5.3

51
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, " 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—
United Sta es
thous. of fine oz._
Canada
,
thous. of fine oz._
Mexico
thous. of fine oz__
Stocks, end of month—
United States
thous. of fine oz__
Canada
.thous. of fine oz__
Imports
thous. of dolls..
Exports
thous. of dolls._j
Price at New York
dolls, per fine oz__

PER CENT INCREASE (+) OR
DECREASE (—)

1936

1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

Perct.
increase
or decrease

(-)

Nov., Nov.,
July

August

September

October

November

October

November

1927,
from
Oct.,
1927

1927,
from
Nov.,
1926

91,428
852
10, 738
l, 803

91,245
863
7,877
1,524

103,240
842
12,979
24,444

97,103
856
2,056
10, 698

91, 840
848
2,082
55, 266

108, 741
853
8,857
1,156

4,838
1,752
9,197

5,145
2,388
9,372

4,691
2,023
7,909

4,980
1,696

5,077
1,757

5,114
2,030
9,612

4,757
1,742

904
847
4,288
6,650
. 564

508
624
4,856
5,590
.547

293
761
4.992
6, 627
.554

178
494
5,069
5,945
.560

136
567
5,102
5,634
.575

543
1,343
5,098
7,279
.545

242
1,085
3,941
6,794
.541

dolls, per £ sterling..
..dolls, per franc.
dolls, psrlira..
dolls, per franc.
•...dolls,
per guilder..
dolls, per krone..
dolls, per franc.

4. 86
.039
.055
. 139
. 401
. 268
. 193

4.86
.039
.054
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.269
.193

4.87
.039
.055
.139
.402
.269
.193

4.87
.039
.055
.140
.404
.269
.193

4.85
.029
.041
.028
.400
.267
.193

4.85
.034
.042
.139
.400
.267
.193

+0.7
+0.5

dolls, per yen..
..dolls. perrupee_.

. 471
.361

.473
.361

.468
.363

.466
.364

.460
.365

.487
.362

.491
.360

+0.3

dolls, per Canadian doll..
dolls, per gold peso..
.dolls, permilreis..
dolls, per paper peso..

.999
.966
.118
. 120

.118
.120

1.001
.971
.119
.121

1.001
.972
.119
.122

1.001
.971
.119
.122

1.001
.928
.140
.121

1.001
.924
.130
.121

0.0
-0.1
0.0
0.0

368,820

342,154

354,511

345,000

376,868

373, 881

-2.7

936,373
9,125
196, 502
108, 512

897,352
9,279
197,104
93, 606

-13.7

55,281
19, 616

54,464
19,056

-1.5
-2.9

65,167
86, 647

51,303
68,438

-21.3
-21.0

4,071,426

-7.7

1927

3,852,959

-5.4

-6.3
+1.4
0.0
+5.1
-8.5
+0.8

319,298

cumulative
1927
from
1926

1936

-5.4
104, 230
-11.9
840
-0.9
+1.0
16, 738 +1.3
-87.6
7,727 +416. 6 +615. 2

+1.9
+3.6

+6.7
+0.9

-23.6 - 4 3 . 8
+ 14.8 - 4 7 . 7
+0.7 +29.5
-5.2 - 1 7 . 1
+6.3
+2.7

-4.2

+1.7
+0.3

FOREIGN EXCHANGE RATES
Europe:
England
France
Italy
Belgium
Netherlands
Sweden
Switzerland
Asia:
Japan
India
Americas:
Canada
Argentina
Brazil
Chile..

0.0
0.0
0.0
0.0
0.0

-1.3

+0.4
+14.7
+31.0
+0.7
+1.0
+0.7
0.0

U. S. FOREIGN TRADE
Imports
Grand total
By grand divisions:
Europe—
Total...
France
Germany
Italy
United Kingdom
North America—
Total
Canada
South America—
Total
Argentina
Asia and OceaniaTotal
Japan
Africa, total
By classes of commodities:
Crude materials
Foodstuffs, crude, and
food animals
Manufactured foodstuffs..
Semimanufactures
Finished manufactures

thous. of dolls..
thous.
thous.
thous.
thous.
thous.

6

of dolls..
of dolls..
of dolls..
of dolls..
of dolls..

96,651
11,820
16,148
7,896
29, 343

110.033
14, 729
17, 837
8,578
32, 902

113, 447
15, 923
20,162
8,585
29, 721

123, 505
18,156
20,870
11,419
33,064

117, 327
15,913
17, 728
10, 205
33, 601

114, 453
15,023
16,037
13,155
34, 316

thous. of dolls..
thous. of dolls..

77,830
38,158

82, 865
39, 973

77,784
41,902

85, 671
44, 622

92, 889
45, 782

88, 752
44, 607

836, 590

thous. of dolls..
thous. of dolls..

37,631
6,771

46,401
9,694

38,293
10,017

41, 268
8,536

44, 587
7,338

6 475,314
6
76,492

thous. of dolls..
thous. of dolls..
.thous. of dolls.-

100,261
30,025
6,925

123, 843
47,482
5,678

105,979
35, 369
6,651

33,973
5,071

50,382
7,765
112, 728
39, 912
3,542

thous. of dolls..

121,185

144, 232

130, 660

119,158

135,021

of dolls..
of dolls..
of dolls._
of dolls..

34,269
35,076
61,524
67,244

42, 656
35, 471
66, 691
79. 770

33,190
33,016
63,094
82,194

42,194
41, 349
68, 795
83,015

50, 315
40,623
64, 728
86,182

thous. of dolls..

341,809

374,815

424,984

488, 633

1

thous.
.thous.
thous.
thous.

1,056,701
-0.2
6 138,982 +13.5
6
166, 672 +0.5
6
89, 503 +15.2
6
294, 833

1,058,556
6
122, 420
6
165, 850
6
77, 723
6
316, 226

6 828,387
6 389,435
6

423,801
6 82,530

-1.0
0.0
-10.8

119,199
36, 968
6,890

e

l,240,038
6
328, 572
6
82, 045

1,122, 217
6 342,163
6 76,853

+7.9
-9.5
+4.1
-6.3

141,136

6

1,513,224 61,359, 684

-10.1

49,
39,
65,
77,

6

6

6 401,921
6 386,248 +11.6
6 631,458
-6.3
6
727, 648 +0.5

440, 694
6
346,188
6 673,714
6
723, 724

675
516
917
637

Exports
Grand total, including
reexports
By grand division:
EuropeTotal...
France
Germany
Italy....
United Kingdom
North AmericaTotal
Canada
South America—
Total
Argentina
Asia and Oceania—
Total.
Japan
Africa, total
Total domestic exports only
^Cumulative through Oct.




thous.
thous.
thous.
thous.
thous.

461,000

455,301

480,300

of dolls..
of dolls..
of dolls..
of dolls..
of dolls..

143,149
11,411
24,133
7,940
52,789

168, 282
14,403
30,239
9,332
57, 670

211,041
21,704
51, 831
8,169
71,824

254,491
29,050
62,637
14,494

235,313
29, 214
46. 958
14, 945
97, 529

98,724
64,772

109,123
75,305

118, 940
86,161

114, 499
80, 694

102, 790
68, 311

100, 244
61,816

36.034
15.239

38,391
15,678

33,864
12, 976

32, 721
13,640

32, 633
10, 736

43,309
13, 289

50, 492
52, 892
77,033
12,199
17, 923
33, 711
8,527
8,247
9,889
367, 575 «416,430 8 480,417

75,417
27, 724
9,148
448, 226

79,227
30,159
9,948
473, 494

-4.0

247, 571
28, 852
42,164
14,195
111, 329

thous. of dolls..
thous. of dolls..
I
thous. of dolls..
thous. of dolls..

-5.7

thous. of dolls..
54,318
thous. of dolls..
15.190
thous. of dolls.. 8 9,584
thous. of dolls..j 332,994
31

452,085

4,457, 765

4, 343, 291
61,813,145
6 207,154
•271,254
6
126, 014
6 756,864

6

+2.6

1 , 864, 792
6
177,078
6 379,151
6100,818
6 687,754

+2.8
-14.5
+39.8
-20.0
-9.1
+7.2
+14.1

6 985,662 6 1,056, 332
6 622,485 6 710,328
6
356,882
6

116,170

-4.5

6 361,042
6133,080

6 624,202 6 626,707
66202,421 6 206,550
83,106
6 87,887
4,255,292 4,359,941

+1.2
+14.6
+0.4
+2.0
+5.2
+2.5

52
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through November, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

August

July

V. S. FOREIGN TRADE-Continued
Exports—Continued
By classes of commodities:
Crude materials
_.thous. of dolls..
Foodstuffs, crude and
food animals
thous. of dolls..
Manufactured foodstuffs...thous. of dolls..
Semimanufactures
thous. of dolls..
Finished manufactures
thous. of dolls..
Agricultural exports (quantities):
All commodities
index number_.
All commodities except
cotton
index number..

55,023

55,135

5 21,909
5 31,277
59, 354
165,429

46, 770
34,160
59, 786
171, 724

75

94

142

102

155

211

90. 598
80, 771

99, 348
95, 955

91, 803
99, 335

5103,146

160,283

69,
38,
s 54,
5151,

thous. of dolls..
thous. of dolls..

November

167,096

168, 594

35,658
47,457
52, 756
145, 259

37, 463
44, 973
61, 724
160, 740

181

88,127
131, 4S9

87, 657
154,009

-9.0

t

or decrease
(-)

Nov.,
1927,
from
Nov.,
1926

-13.5

161

145,889 j
46, 723
42,428
56, 206

5 157,025 ,
185 |.
218 i.

93,936
105,821

Nov.,
1927,
from
Oct.,
1927

Per ct.
increase
( }

189

164

62,425 |
45,643 !
5 55,041 [

429
562
751
542

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports

October

Septem- October I November
ber

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH NOVEMBER 30

PER CENT INCREASE ( + ) OR
DECREASE (—)

1926

94, 312
155, 521

1926

1927

1,101, 387 i 1, 075, 211

i cumulative
1927
from
1926

-2.4

-25.2 +24.7
-7.0 -5.7
+2.1 -8.9
+2.4 +0.1

308,026
455.036
592, 896
1, 797,947

397,805
421,278
640,290
1,825,357

+29.
-7.1
+8.4
+1.0

+0.4 ! +7.6
+47.0 j +1.0

926, 567
1,144,132

1, 003, 855
1,106, 593

+8.3
-3.3

* Revised.

WHOLESALE PRICES OF STEERS, SPRING WHEAT, AND LEAF TOBACCO
1913

1916

1917

1919

1918

1930

1931

1922

1923

1924

1925

1926

1927

WESTERN DRESSED NATIVE STEERS AT NEW YORK
(Dollars per pound)
January
February
March.
April

-

-

$0.133
.123
.124
.124

$0,128 | $0,135
.123 j
.134
.131 j
.131
I
.134
.133

May...
June
July....
August .
September.
October
November..
December..

$0.129
.130
.135
.139

$0.153
.154
.158
.166

).272
.274
.265
.263

$0. 208
.190
.185
.219

$0,265
.215
.196
.224

j $0,225
!
.159
i
.181
;
.183

$0.155
.143
.139
.137

$0.179
.143
.149
.155

$0.175
.161
.160
.166

$0.170
.155
.166
.181

$0.170
.160
.163
.172

$0.178
.175
.175
.187

.165.165
.165
.164

.188
.188
.200
.200

. 129
. 131
. 136
.138 |

.129
.128
.140
.145

.146
.157
.154
.154

.171 |
. 174 I
.186 I
.205

.240 |
. 258
.267 !
.278

.249
.205
.223
.246

.213
.233
.279 !
.260 !

.170
.167
.154
.179

.143
.150
.-164
.165

.159
.184
.186
.196

.170
.169
.156
.168

.172
.169
.201
.224

.135 !
.138 !
.135 !
.130 i

.150
.155
.153
.144

.150
.149
.143
.133

.160
.154
.153
.151

.235 i
.225 |
.211
.219

.287
.283
.280
.274 !

.249
261
.265
.276

.270 |
.285 i
.275
.245 I

.191
.185
.180
.169

.170
.176
.188
.183

.201
.196
.183
.180

.181
.181
.178
.185

.235
.211
.183

.132

Mont hi y average

.138
.138
.149
.153

.143

.135

.147

.188

.247

.178

.159

.176

179 |
175 !
185

.213
.225
.234

.192

.171

$1.151
1.176
1.163
1.131

$1,819
1.788
1.626
1.474

$1,728
1.671
1.574
1.610

$1,413
1.403
1.359
1.341

WHEAT, NO. 1, NORTHERN SPRING, CASH, MINNEAPOLIS
(Dollars per bushel)
January...
February.
March
April
May...
June
July.—
August.

.923
.927
.912

Monthly average -

$1,917
1.808
1.984
2.381

$2.170
2.170
2.170
2.170

1.577
1.287
1.390
1.373

1.215
1.114
1.170
1.485

2.981
2.694
2.582
2.788

2.170
2.170
2.170
2.223

2.598 I
2.458
2.680 i
2.525

1.136

.981
1.011
1.018
1. 131

1.608
1.757
1.930
1.761

2.221
2.170
2.170
2.170

2.217
2.216
2.221
2.221

2.535

1.102
1.159
1.192

1.003

I

$1. 289
1.282
1.141
1.217

.938
.912
.897
1.068

September
October
November.
December.

$1.353
1.513
1.472
1.541

$2. 223 $2. 931
2.235 ! 2.688
2.328 i 2.755
2.589 , 3.006

1.306

1.411

2.325

2.191

2.566 i

$1,300
$1,221
1.522 I
1.241
1.500 i
1.232
1.563 |
1.279
1.589
1.419
1.423
1.186

2.558

1.159
1.200
1.296
1.318

1.614
1.589
1.584
1.605

1.583
1.586
1.693
1.501

1.444
1.456
1.440
1.427

1.176
1.172
1.109
1.122

1.310
1.434
1.477
1.633

1.495
1.478
1.533
1.688

1.415
1.433
1.401
1.422

1.323
1.275
1.264

1.345

2.825
3. 030

1.250
1.139 i
1.084 ;
1.144 j

1.085
1.132
1.218
1.251

3.075
2.900
2.831
2.550

1.181

1.289

1.607

1.549

TOBACCO, LEAF, AVERAGE WAREHOUSE SALES, KENTUCKY
(Dollars per 100 pounds)

$7.491
7.868
7.374
5.079

$9. 291
9.445
8.245
7.745

I
$23. 010 $28. 904 $32. 274
16. 047 22. 977 31.307
25.912
14.175
25.149
22.826
16.214 I
11.851
18. 746 20.157
12.600 j

5.889
6.483
7.685

8.854
10.176
10. 782
11.365

11.165
11.642
17. 588
19. 227

16.811
19.427
25.048
27.342

14.395
12. 890
15.117
19. 442

.!

7.000

11.120
11.567
10. 578
14. 432

21. 953
19.179
21.347
21.513

29. 882
25. 285
21.691
20.805 i

18. 865
21.145
25. 247
34.935

I

6.949

10. 300

16.793 | 23.014 I 22.102

January. FebruaryMarch
April
May...
June
July....
August.
September.
October
November..
DecemberMonthly average..
1

L

L!
!~

-—
I.

! 4.719
_.| 7.461
I 8.259

$13. 827 $17. 709
12.252 22. 000
14. 258
11.795
8.980 12. 261

125 $18.723
655
16.363
443 | 12.247
506 | 11.128

14.049
11.387
11.014
10. 285

8.237
9.267
10. 997
11.055

11. 029
10.402
10. 572
12 561

295
315
907
536

'
!
j
•

9.077
9.652
12.742
15.630

6.070
5.769
6.265
6.385

11.470
10. 419
10.187
9. 330

11.610 I 11.784 ! 12.850
11.329
12.637 i 13.606
15.030 ! 17.704 I 11.584
17.035 - 20.479 j 16.123

14.551 !
17.341 I
18.294 !
17.781 |

16.069
14.766
14.386
15.721

7.346
8.419
10. 014
12.546

14.595

11.784 | 14.450 | 15.058

14.729 ! 13.875

Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices.




$14.600 $12.356
11.247
10. 536
7.331
10.526
5.672
6.490

8.472 |

7.633
8.786
15. 730

15.594
11.331
9.812

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