Full text of Survey of Current Business : January 1928
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w, „ < vw,<: ^W$pm&i\4$ ^}l ^p.pBBis^'r-B-fcsiismss ^&, (designed to \mm$ 6 ^ m ^ e -@Gu^#4^ (o4h|,^e#t V ^ b ^ $$£ xS^if^ % ji^'^^^^ff^ ( ^^*^^^ r jb™^<^pidL fAc^ta n^Bfibr^^&g^ t£«i^crv^ ? ;, , V comparisons, wfcete^vSa^bfe. backJjoflQ\oj &!&$ bl&Hk tl; ta >e jftf ^ s ^ h w t^[Bt%^^tbejbt)s % « ^ t » ' • * - " i . ^ ' J- ,<. * F . i " • . . . « . . . . t ^ / f : * * * - . ^ - * - . . ] * ,-t > • ^M«#|W:«^P?i» *° fata wKfchi: H U^iilitWeritjJl /are Scattered W a i i ^ v -Vflftda of di dfifferetice b&tweeii 10ft ana percent M^M#^iiM^M*t^ ^^^1P^^^ rn^T^ ;%?e^eO3|deere^ b j^\?(a^lbte \ { v ^^ • 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 afm*^iiMM®&&» l^,trEar# tot fy'19^tyWv ^ M ^ ^ ^ ' ^ ^ ^& ,., x A^eStlte i» 1926. , <IPfr. II, PP. 1 *k: Bei^si^aB Jieli^m afid o p ^ l d d n W ^ ^ 1 - - * ft. ' ^d!e|(te%e,e^Q%mimMd ^ ^ r k e ^ g ^f a iid w leroipDf(w*tB^^i^to|jaiinei:at res<nfrtefc£apa tnine acddeiite:, V 1 ^ft©, v dy^iiiinatJ^ :o\ tmUte oi^tfce , r e ^ a ^ t ^ J i i biiH^ins^ technical i^pe series, m p / oircjaiair»,<aiid ^s^^tfe0^sr|KiJ>3fc fr'TOde* ta pr^etiftwdeptetiQa <tf the fsl^neB; -tovesftgatfjaiw ^ i i# d 5<|fetetSiW' »oi ifad'ni^y of; statistics on cotton, ; of Curroa]t Business of mopflily co !^##.%?M^I*»*i^,BN»J ^ ^ yekuiinip&'ift