Full text of Survey of Current Business : July 1922
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS BUREAU OF THE CENSUS COMPILED BY BUREAU OF FOREIGN AND DOMESTIC COMMERCE : BUREAU OF STANDARDS 1922 JULY No. 11 CONTENTS Summary for May Business indicators (diagrams and table) Wholesale price comparisons (diagrams and table) Business conditions in May (text and diagrams) Index of crop marketings Trend of business movements (table) Page. 1 2 4 6 17 22 Prices Lumber and Employment agency operations Transportation Miscellaneous Sources of data flooring Page. 41 42 44 45 46 47 SUMMARY FOR MAY. In spite of the prolonged coal strike and the possibility of a railroad strike in the near future, business has continued to gain in volume and in stability. All of the basic industries increased their output during May, compared with April. Pig-iron production increased more than 11 per cent during the month, with a total of 2,306,679 tons. This figure has not been equaled since January, 1921. Steel-ingot production totaled 3,099,155 tons, compared to 2,794,000 tons in April, and 1,388,000 tons in May a year ago. The unfilled orders of the U. S. Steel Corporation increased 157,000 tons, making the total 5,254,288 tons at the end of May. Building activity continued to increase, making another new high record in May. The value of the contracts awarded in the 27 northeastern states totaled $362,590,000, or nearly $10,000,000 more than in April. A new record was established in the automobile industry in May, with a total production of 231,699 passenger cars, compared to 197,221 in April. Truck production increased from 22,237 in April to 23,694 in May. The output of petroleum and of gasoline continued to increase, according to latest figures. There was a pronounced increase in the mill consumption of cotton over the low figure reported for April. The silk and woolen industries have also shown improvements. Car loadings have shown a progressive increase in recent weeks, even in spite of the coal strike. Employment is increasing and business failures in May showed the first substantial decrease in many months. 112000—22 1 A matter of importance is the distinct upward trend in prices. The revised wholesale index of the Department of Labor rose from 143 to 148. This indicates a much firmer demand than has heretofore existed. Activity on the New York Stock Exchange continued to be marked, although the volume of sales was somewhat less than a few weeks back. Prices of all classes of securities continued to advance. Bills discounted by the Federal Reserve Board have continued to decline, reaching a low point of $538,000,000 at the middle of June, compared with $1,180,000,000 at the beginning of this year. Member bank loans, however, have been increasing recently, indicating a slightly greater demand for money. Interest rates continued to decline, as evidenced by the recent reduction of the New York Federal Reserve Board rediscount rate to 4 per cent. The picture which business now presents is that of prosperity. Fundamental conditions in this country, including the agricultural outlook, are for the most part favorable to a continuation of this period of the business cycle. On the other hand, business men must realize that all the economic ills caused by the war have not been cured. There is a possibility of business developing too rapidly, in which case a set-back will be sure to follow. It is believed that care should be exercised in placing large forward orders for raw materials on which there has been a marked increase in price. With due care in the exercise of business judgment the period of prosperity can be prolonged without the excesses so characteristic of 1919 and the early part of 1920. BUSINESS INDICATORS. (1913 monthly average = lCO. See explanation on inside front cover.) PIG-IRON PRODUCTION. 1920 1922 1921 1.000 BITUMINOUS COAL PRODUCTION. COTTON CONSUMPTION. 922 1920 1.000 800 1922 1921 800 600 400 NUMBERS 8 X Ol RO 80 Z 60 —__^ \ \ \ // \ 60 20 20 10 10 1920 " \ \ / V 1922 1921 BANK CLEARINGS OUTSIDE NEW YORK CITY (VALUES). EXPORTS ^VALUES). 1920 1000 1921 -r 800 800 600 600 400 400 1922 _ 1,000 1920 1921 1922 800 1 \ y) 200 r it u Z 100 ?m M 80 Q UJ I Z 60 40 40 20 20 10 10 40 1922 000 1920 1921 1920 1922 1921 1922 1 000 600 — 400 - " " " " - " - - ^ ^ \ § 1921 PRICE OF 25 INDUSTRIAL STOCKS. WHOLESALE PRICES. DEFAULTED LIABILITIES (VALUES). 1920 60 " ^ - ^ — D Z X 100 Z fio g 8 1 ^ ^ x „. 8 y 8 I 8 NUMBERS Z ^ 40 FREIGHT TON-MILES. INDE on \ J 40 v x INDEX NUMBERS 1 400 40 40 20 20 10 10 ^ ^ BUSINESS INDICATORS. The following table gives comparative index numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which index numbers can be calculated using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of index numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the index numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. 1921 MONTHLY AVERAGE. 1922 Commodity. 1919 i 1920 1921 Apr. ' May. Juno. ; July. Aug. Sept. Oct. Nov. Dec. Jan. Feb. j Mar. ! Apr. i May 1 9 1 3 m o n t h l y average = 1OO. Production: Pig iron Steel ingots Copper Anthracite coal Bituminous coal Crude petroleum Wool (consumption) Cotton (consumption) Beef Pork Stocks: Crude petroleum Cotton (mills and warehouses) Prices: Wholesale index, all commodities (Dept. Labor) Retail food (Dept. Labor) Retail coal, bitum. (Dept. Labor).. Farm crops (Dept. Agriculture)!. - Farm live stock (Dept. Agriculture). Business finances: Defaulted liabilities Price 25 industrial stocks Price 25 railroad stocks Banking: Bank clearings, New York City Bank clearings, outside N. Y. City.. Commercial paper interest rate Distribution: Imports (value) Exports (value) Sales, mail-order houses Transportation : Freight, ton-miles 100 111 105 96 96 154 142 108 131 120 119 135 99 97 116 181 118 117 121 111 39 95 85 189 135 85 109 116 47 57 50 101 71 193 132 85 101 108 48 55 24 101 83 203 141 91 101 116 42 45 19 108 85 195 145 96 104 128 34 36 17 92 76 194 132 85 101 110 37 52 21 94 87 198 145 97 118 94 38 53 21 93 88 178 155 101 119 49 73 24 99 110 172 168 103 125 99 55 75 22 90 90 183 163 109 114 118 64 65 18 78 77 203 159 106 99 133 64 72 25 82 94 208 153 109 111 144 64 79 37 89 103 197 158 98 98 123 79 107 61 115 126 225 176 108 119 118 81 111 75 90 123 87 40 216 130 93 106 105 51 224 109 155 150 183 138 205 147 194 153 178 159 156 160 145 163 172 164 206 168 223 175 223 187 203 199 188 211 171 224 151 233 206 ISO 147 236 198 226 203 207 244 168 147 153 197 111 107 148 152 195 101 112 145 145 191 109 109 142 144 191 106 104 141 ' 142 141 148 ! 155 153 193 ! 193 193 109 109 111 109 113 101 142 ! 141 140 153 150 152 192 189 190 138 142 182 100 95 141 142 143 148 142 139 139 139 179 179 177 175 112 114 117 120 108 117 115 118 108 184 68 230 137 64 170 147 62 251 148 65 152 131 61 1S8 189 163 127 ! 121 128 64 64 65 234 130 64 235 135 66 385 140 66 325 143 65 320 315 322 195 182 75 149 154 162 166 70 74 75 249 228 94 257 258 127 205 199 113 197 181 131 201 188 120 214 196 117 195 188 111 185 189 103 199 196 102 203 209 97 213 201 90 234 212 89 219 189 85 195 237 238 244 166 200 191 204 84 83 79 74 218 319 264 294 331 264 140 181 188 170 ; 137 124 164 | 159 163 159 203 160 119 157 133 130 177 159 120 157 188 126 166 222 141 142 211 159 143 217 145 135 175 144 171 145 170 121 156 150 149 161 211 196 194 121 137 105 113 | 134 107 94 99 104 120 94 103 103 104 I 111 I 98 ; 92 103 128 1919 m o n t h l y average = 1OO. Production: Lumber» Building contracts (floor space) Stocks: Beef Pork Business finances: Bond prices (40 issues) Banking: Debits to individual accounts, outside New York City Federal Reserve, bills discounted... Federal Reserve, total reserves I 100 100 100 100 100 72 85 70 70 97 44 85 51 105 87 91 91 122 100 100 100 100 118 132 97 92 77 85 68 94 76 92 90 97 87 90 95 103 107 127 82 76 65 65 112 125 129 46 108 40 110 36 100 27 85 25 61 27 45 33 43 35 51 33 31 I 29 27 24 67 74 76 83 86 86 84 85 86 87 90 93 102 102 104 107 108 90 107 114 88 97 117 89 92 120 85 85 123 85 77 127 95 85 66 137 100 61 137 95 84 99 94 92 44 37 33 30 29 140 141 142 143 143 89 72 131 134 i Monthly prices are for the first of the month following. • Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hardwoods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000 board feet reported by the census. 8 Less than 1. COMPAEISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR. (Relative prices 1913=100.) I N D E X NUMBERS 300 400 WHEAT CORN POTATOES COTTON COTTON SEED WOOL CATTLE. BEEF HOGS LAMBS WHEAT. SPRING WHEAT. WINTER CORN. NO. 2 OATS BARLEY RYE. NO. 2 TOBACCO.BURLEY COTTON. MIDDLING WOOL. OHIO. UNWASHED CATTLE. STEERS HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS FLOUR. SPRING FLOUR. WINTER SUGAR. RAW SUGAR. GRANULATED COTTONSEED OIL BEEF CARCASS BEEF. STEER. ROUNDS PORK. LOINS COTTON YARN COTTON PRINT CLOTH COTTON SHEETING WORSTED YARN WOMEN'S DRESS GOODS SUITINGS SILK. RAW HIDES. PACKERS HIDES. CALFSKINS LEATHER. SOLE LEATHER. CHROME BOOTS AND SHOES COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG IRON. FOUNDRY PIG IRON. BESSEMER STEEL BILLETS COPPER LEAD TIN ZINC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON. NEW YORK BRICK. COMMON. CHICAGO CEMENT STEEL BEAMS RUBBER. CRUDE SULPHURIC ACIO AK PRICE • • • • P R I C E IN MAY 1922 • PEAK PRICE SAME AS MAY WHOLESALE PRICE COMPARISONS.—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS. NOTE.—Prices to the producer on farm products are from U.S. Department of Agriculture, Bureau of Markets and Crop Estimates. All other prices are from U. S. Departmentof Labor, Bureau of Labor Statistics, except market price of wool compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. As far as possible all quotations represent prices to the producer or at the mill. See diagram on opposite page. COMMODITIES. Date and maximum relative price. Mar., 1922. Apr., 1922. Percent increase (+) or de— : ; crease (-) i in April from May. May, 1922. Relative price. (1913 average= 100.) Farm products—Average price to producer: Wheat Corn Potatoes Cotton Cotton seed Wool Cattle, beef June, 1920 July, 1920 June, 1920 July, 1920 May, 1920 July, 1918 May, 1919 July, 1919 Apr., 1920 326 300 706 312 321 344 183 256 239 148 92 190 133 150 150 93 121 167 153 97 175 133 187 149 94 118 173 147 100 174 156 185 174 97 121 170 - 3.9 + 3.1 - 0.6 + 17.3 - 1.1 + 16.8 + 3.2 + 2.5 - 1.7 May, 1920 May, 1920 Sept., 1917 June, 1920 Mar., 1918 Mar., 1918 Mar., 1919 Apr., 1920 Mar. 1920 Mar., 1919 July, 1919 Apr., 1918 Feb., 1920 354 302 331 296 325 451 352 331 350 218 266 319 263 148 138 92 105 103 160 208 143 177 H33 124 151 187 152 141 94 104 102 164 208 142 173 99 122 149 170 158 138 99 107 109 166 208 163 186 101 125 126 160 + + + + + 3.9 2.1 5.3 2.9 6.9 1.2 0.0 + 14.8 + 7.5 + 2.0 + 2.5 -15.4 - 5.9 May, May, May, May, July, Sept., July, Sept., 1920 1917 1920 1920 1919 1920 1920 1919 328 363 598 526 374 201 211 254 170 176 112 121 159 112 101 133 178 176 114 122 158 112 110 159 176 174 116 123 162 112 116 160 + + + May, Apr., May, Jan., Oct., July, Jan., Aug., Aug., Mar., Nov., Mar., 1920 1920 1920 1920 1918 1920 1920 1919 1919 1917 1919 1920 348 478 427 289 292 291 466 283 490 211 473 308 143 173 157 1(31 145 184 166 76 72 124 158 213 141 173 148 167 145 184 179 73 69 124 1J4 209 149 185 151 174 145 198 198 79 71 124 154 209 + + + + Sept., Oct., Aug., Mar., 1920 1921 1920 1920 323 201 637 375 164 200 133 241 164 201 183 241 214 + 30.5 246 241 +34.4 0.0 July, 1917 Pig iron, foundry No. 2, northern (Pittsburgh) Sept. 1920 Pig iron, basic, valley furnace July, 1917 Steel billets, bessemer (Pittsburgh) Mar., 1917 Copper ingots, electrolytic, early delivery (New York) June, 1917 Lead, pig, desilverized, for early delivery (New York) May, 1918 Tin, pig, for early delivery (New York) June, 1915 Zinc, slab, western, early delivery (New York) Building materials and miscellaneous: Lumber, pine, southern, yellowflooring,1 x 4, " B " and better (Hattiesburg district) Feb., 1920 Jan., 1920 Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington) Feb., 1920 Brick, common red, domestic building (New York) Oct., 1920 Brick, common building, salmon, run of kiln (Chicago) Sept., 1920 Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district) June, 1917 Steel beams, mill (Pittstnirgh) Jan., 1913 Rubber, Para Island, fine (New York) Sulphuric acid, 66 degrees (New York) j Feb., 1916 346 330 388 230 261 224 131 122 109 81 107 65 86 142 136 114 80 116 68 90 161 167 132 84 126 69 + 13.4 +22.8 + 15.8 + 5.0 + 8.6 + 1.5 + 4.4 455 407 381 251 195 331 124 250 178 125 248 173 148 96 20 180 125 255 173 148 99 21 184 147 302 177 149 106 122 80 + 2.2 + 17.6 + 18.4 + 2.1 + 0.7 + 7.1 + 4.8 - 4.8 Lambs Farm products—Market price: Wheat, No. 1, northern, spring (Chicago) Wheat, No. 2, red, winter (Chicago) Corn, contract grades, No. 2, cash (Chicago) Oats, contract grades, cash (Chicago) Barley, fair to good, malting (Chicago) Rye, No. 2, cash (Chicago) Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, unwashed, fine (Ohio) Cattle, steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) Sheep, ewes (Chicago) Sheep, lambs (Chicago) Food: Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) Sugar, 96* centrifugal (New York) Sugar, granulated, in barrels (New York) Cottonseed oil, prime summer yellow (New York) Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds No. 2 (Chicago) Pork, loins, fresh (Chicago) 1.1 1.1 1.8 0.8 2.5 0.0 + 5.5 + 0.6 Clothing: Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston) Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York) Worsted yarns: 2/32's crossbred stock, white, in skein (Philadelphia) Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York) Suitings, wool, dyed blue, 55-56 inches, 16-ounce, Middlesex (Boston) Silk, raw Japanese, Kansai No. 1 (New York) Hides, green salted, packer's, heavy native steers (Chicago) Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather, sole, hemlock, middle, No. 1 (Boston) Leather, chrome calf, dull or bright, " B " grades (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) 5.7 6.9 2.0 4.2 0.0 + 7.6 + 10 6 + 82 + 2.9 0.0 00 0.0 Fuels: Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) Coke, Connellsville (range of prompt and future) furnace—at ovens Petroleum, crude, Kansas-Oklahoma—at wells Metals: COMPARISON OP MAY PRODUCTION WITH ( ' o u n s E OF COMMODITY STOCKS SINCE PRE-WAR. NDEX 1910. (Relative stocks 1019 = 100.) (Relative rroductioi 1913—100.) NUMBERS 300 INDEX NUMBERS 400 400 FOODSTUFFS WHEAT FLOUR BEEF PROOUCTS BEEF PRODUCTS LAMB AND MUTTON PORK PRODUCTS SUGAR (RAW) PORK PRODUCTS COTTONSEED OIL LAMB AND MUTTON WHEAT (VI8IBLE) WHEAT FLOUR OLEOMARGARINE CORN (VISIBLE) CORN (CONSUMPTION) BUTTER WOOL (CONSUMPTION) EGGS COTTON COFFEE CHEESE APPLES, (CONSUMPTION) ANTHRACITE COAL FUELS RICE (DOMESTIC) i COTTON(TOTAL) BITUMINOUS COAL CRUDE PETROLEUM GASOLINE KEROSENE BY-PRODUCT COKE GAS AND FUEL OIL CRUDE PETROLEUM LUBRICATING OIL PIG IRON PIQ IRON ZINC STEEL-INGOTS TIN COPPER YELLOW PING OAK FLOORING ZINC SILICA BRICK FACE BRICK SILVER CEMENT GOLD BATHS (ENAMEL) CIGARS SINKS (ENAMEL) CIGARETTES ROSIN MANUFACTURED TOBACCO MECHANICAL WOOD PULP LAVATORIES (ENAMEL) TURPENTINE CHEMICAL WOOD PULP NEWSPRINT NORTHERN HARDWOODS BOOK PAPER WRAPPING PAPER OAK FLOORING PAPER BOARD CEMENT FJNE PAPER BATHS (ENAMEL) TOBACCO (TOTAL) LAVATORIES (ENAMEL) SINKS(ENAMEL) FLAX SEED 1 1 M A X I M U M SINCE I9!9 TRANSPORTATION MAY LOCOMOTIVES M I N I M U M SINCE 1919 •k APRIL AUTOMOBILES (PA8SENGER) I N D E X OF M I N E R A L * Production for April; Mayfiguresnot available for chart. I N D E X OF MARKETINGS OF ANIMAL PRODUCTION. (Relative production 1°09-1013-100.) PRODUCTS. (Relative marketings 1919-100.) 1819 AVEF AGE y* ^ ^ rv / \ V A*. to \ \ / — TOTA W I T H OUT EIGGS AND POUL" R Y i i i i nmmmmimikimtiii MONTHLY AVERAGE ,920 1921 1920 1921 1922 BUSINESS CONDITIONS IN MAY. The following pages present a review by industries of the more important statistics shown in the detailed tables, with summaries of production, stocks, sales and prices. PRODUCTION. Production in May made the greatest advance of any month reported this year. Out of 55 commodities for which May production figures are now available on a 1919 base, there were 49 increases over April and only 6 decreases—-2 of these were in the food-stuff group. Lumber, metals, tobacco, brick, paper, and vehicles all showed good increases in production. Compared with a year ago there were 42 increases, 9 decreases and 1 unchanged. Metals, brick, and building equipment showed the greatest relative increases. Compared with the 1919 average, there were 31 increases and 24 decreases, the largest relative increase again occurring in the building equipment group. In comparison with the 1920 average, there were 25 increases and 29 decreases, with lumber and building materials the chief gainers and fuels and metals the chief losers. Compared with the 1921 average, there were 44 increases and only 10 decreases, 3 of which occurred in the fuels group and 4 in foodstuffs. New high production records since 1919 were made in sugar meltings, southern pine, western pine, redwood, Douglas fir, oak flooring, face brick, cement and all classes of enamel ware, while for beehive coke, passenger automobiles and motor trucks, new high records were made for the short period during which monthly statistics have been collected. COURSE OF PRODUCTION SINCE 1919. RELATIVE PRODUCTION (1919=100). RELATIVE PRODUCTION (1919=100). Maxi- Minimum mum 1920 1921 Apr.j May, Apr., May, aversince since 1921. 1922. 1922. age. 1921. end of end of 1919. 1919. Maxi- Mini-j I m u m mum: 1920 1921 May, A p r . , May, since since \ aver- j aver- Apr., endofendof; age. ' age. 1921. 1921. 1922. ! 1922. 1919. 1919. I LUMBER: FOODSTUFFS: Wheat flour Beef products Pork products Lamb and mutton Sugar (meltings).. Oleomargarine *... Cottonseed oil Condensed m i l k . . . Butter Cheese Ice cream Corn p r o d u c t s . . . . CLOTHING: Cotton (consumption) Wool (consumption) Sole leather Boots and shoes FUELS: Anthracite coal Bituminous coal Beehive coke By-product coke Crude petroleum Gasoline Kerosene Gas and fuel oil Lubricating oil Electric power 125 109 151 110 178 126 340 121 177 169 468 135 114 126 95 3 108 119 I 137 127 149 141 110 136 135 119 82 64 67 58 58 40 26 7 92 93 80 104 103 100 76 99 86 111 93 20 64 41 42 38 57 109 42 83 63 82 286 ! 84 91 77 83 97 | 90 94 | 94 92 ! 107 60 63 164 122 71 86 118 111 83 153 90 79 93 76 85 99 83 105 74 21 73 127 129 80 128 108 100 102 87 25 76 133 136 74 129 87 95 79 99 i; 101 121 89 I 110 | 30 i 122 79 ! 117 124 ! 123 130 99 83 146 127 124 104 113 ! 105 l| () 41 11 <62 104 98 71 93 S9 76 77 97 85 104 42 72 113 160 130 415 87 88 67 164 47 42 78 ; 178 44 19 87 86 96 92 71 '""70 99 ' 98 41 33 106 142 143 97 125 103 111 (3) 54 27 121 14S METALS: Pig iron Steel ingots Copper Zinc Silver Gold (receipts) 132 140 83 126 129 181 34 33 17 38 80 | I | | ! 119 121 94 105 100 54 !l 47 ; 57 ii 52 37 ii 48 47 \\ 43 95 ii 94 1 1 3 |! 100 48 81 i 100 j 49 23 71 ! 67 | 47 88 : 91 94 : ioi : 91 no 83 72 90 115 TOBACCO: 128 Cigars 1 l 116 Cigarettes Manufactured tobacco i . . . I 119 1 112 64 ! 84 50 : 94 96 i! 96 91 ! As represented by tax-paid withdrawals. Since November,'1921. 93 86 SS 94 93 89 ; 85 ! 78 : 97 104 101 Yellow pine Western pine.. North Carolina pine California white and sugar pine. California redwood Douglas fir Michigan hardwoods Michigan softwoods Northern hardwoods Hemlock Oak flooring Maple flooring PAPER: 126 145 158 69 | 94 ' 20 I 121 i 33 | 98 ; 204 174 124 122 120 161 120 217 125 | 8 57 44 27 28 21 33 42 47 121 122 102 89 82 105 91 106 103 138 i 114 126 130 135 121 129 142 64 69 64 77 65 55 30 18 109 117 110 121 120 119 113 104 104 130 ' 127 ! 121 • 167; 124 ! 13 43 34 ; 61 48 i 106 120 100 125 104 237 235 200 129 65 86 SO ' 30 149 112 110 143 I Mechanical wood pulp Chemical wood pulp Newsprint Book paper Wrapping paper Paper board Fine paper Corrugate 1 paper boxes s5 .. Solid fiber paper boxes . . STONE, CLAY, AND SAND PRODUCTS: Silica brick Clay fire brick Face brick Cement Glass bottles BUILDING EQUIPMENT: Baths, enamel Lavatories, enamel Sinks, enamel Buildings (contracted for) TRANSPORTATION VEHICLES: Automobiles, passenger.. Motor trucks Locomotives Ships 3 Less than 1. < Since January 1, 1921. 6 168 •51 93 I 6 32 135 79 6 114 102 89 67 99 67 88 96 67 84 109 79 60 59 88 57 123; S3 i 19 96 74 100 84 155 57 101 74 ; | ' ; : ! 87 I 79 [ 89 79 94 85 71 65 132 ! 68 ! 101 I 67 I 89 ! 79 55 I 53 i 93 I 102 98 79 111 36 ! 126 ! 130 86 | 113 i 79 i 63 , 79 i 85 140 90 ; 82 ; 65 197 125 91 J 83 81 73 69 69 92 76 61 53 89 122 1 93 ; 98 ! 92 ; 106 ! 101 96 ! 109 : I 40 ! 24 | 17 70 i 63 ! 52 49 82 | 100 I 63 84 104 I 122 129 139 i 138 ' 68 60 79 | | 120 100 I 101 226 : 127 ! 129 114 222 ; 122 123 ; 124 181 ; 70 74 I 77 125 ; 93 : 46 i 50 30 ! | I S3 I 34 i 143 ! S4 j 34 31 * Relative to last 6 months of 1919. Since July 1, 1921. 6 104 97 158 ; 126 145 155 120 174 124 69 87 95 90 217 100 138 102 113 108 124 109 105 113 121 l<>7 82 200 129 168 03 COURSE OP PRODUCTION SINCE 1919. (Relative production 1919=100.) I N D E X NUMBERS 100 WHEAT FLOUR BEEF PRODUCTS PORK PRODUCTS LAMB A N D M U T T O N SUGAR ( M E L T I N G S ) OLEOMARGARINE COTTONSEED OIL CORN PRODUCTS COTTON (CONSUMPTION) WOOL (CONSUMPTION) SOLE LEATHER BOOTS A N D SHOES A N T H R A C I T E COAL BITUMINOUS COAL BEEHIVE COKE 200 INDEX OF MINING PRODUCTION. The increase in bituminous coal production and the seasonal advance in iron-ore operations were chiefly responsible for the advance in the index number of mining production from 67.7 in April to 79.6 in May. All the minerals showed a gain in output except lead. In spite of the advance from April to May, which was almost the same as the advance from April to May last year, the May index number was the lowest, excepting April, recorded since the war, due to the coal strike. The following table compares recent figures with corresponding months of 1921, some of the March and April figures being revised. The complete table will be found in the May issue of the Survey (page 22). BY-PRODUCT COKE INDEX OF MINING PRODUCTION. CRUDE PETROLEUM GASOLINE (Relative production 1909-1913 = 100.) KEROSENE GAS A N D F U E L OIL 1921 L U B R I C A T I N G OIL 1922 ELECTRIC POWER May. April. PIG IRON February. March. April. May. STEEL INGOTS COPPER ZINC SILVER GOLD (RECEIPTS.) CIGARS CIGARETTES MANFD. TOBACCO YELLOW PINE Total 87.5 Petroleum Bituminous coal Anthracite coal Iron ore Copper . . . Lead Zinc Gold Silver 221.5 77.6 107.0 2.5 53.4 86.7 90.0 46.0 87.9 T o t a l , excluding lead, gold, and silver WESTERN PINE NORTH CAROLINA PINE 91.1 97.7 99.1 120.7 67.7 79.6 232.6 93.8 103.9 70.8 25.3 | 91.3 96.4 43.2 84.7 225.8 115.3 93.9 258.0 141.3 121.7 39. i 125.2 95.2 42.9 76.8 64.7 124.5 112.1 45.5 82.9 246.9 444 0.4 2.1 80.1 119.0 108.0 46.3 82.0 257.1 57.7 0.5 35.6 92.8 116.8 116.1 52.7 84.4 102.8 103.9 128.0 68.2 81.0 CALIFORNIA WHITE PINE CALIFORNIA REDWOOD DOUGLAS FIR INDEX OF MARKETING OF ANIMAL PRODUCTS. MICHIGAN mRDWOOD Continuing the index of the marketings of animal products begun in the June issue, the table below presents the May figures. These show a rise from 106.9 to 119.6 and make by far the highest mark recorded. All the commodities made large gains, except eggs, which made a seasonal decline, and all but sheep were marketed in much larger volume than in May, 1921. Milk receipts made a new high record. The following table compares recent figures with corresponding months of 1921: NORTHERN HARDWOODS HEMLOCK OAK FLOORING MECHANICAL WOOD PULP CHEMICAL WOOD PULP NEWSPRINT BOOK PAPER WRAPPING PAPER PAPER BOARD FINE PAPER CORRUGATED PAPER BOARD SOLID FIBER PAPER BOARD SILICA BRICK CLAY FIRE BRICK I N D E X OF MARKETING OP ANIMAL PRODUCTS. FACE BRICK CEMENT (Relative marketings 1919 = 100.) GLASS BOTTLES BATHS. ENAMEL 1921 1922 LAVATORIES. ENAMEL SINKS. ENAMEL April. BUILDINGS (CONTRACTED) May. February. March. April. May. AUTOMOBILES, PASSENGER MOTOR TRUCKS LOCOMOTIVES SHIPS MAXIMUM MAY MINIMUM it APRIL Total 102.2 102.6 87.8 102.5 106.9 119.6 Wool Cattle and calves Hogs Sheep Eggs Poultry Fish Milk 31.9 72.8 86.4 74.0 210.3 51.5 57.9 112.7 44.0 75.1 88.9 84.6 176.9 54.1 68.7 122.2 75.2 69.0 96.7 61.8 86.4 75.8 123.7 101.9 61.1 79.0 91.3 64.7 163.9 66.6 107.3 117.9 54.2 71.6 82.1 54.2 245.0 56.5 75.8 115.1 93.8 91.5 100.0 74.7 217.8 73.5 87.4 132.4 New high records were again made by stocks of crude petroleum and of gasoline (the latter being an Further reductions in commodity stocks took place April figure), while new low records since the end of in May, on almost as large a scale as in April. Of 43 1919 were made by beef products and fish. In addicommodities for which May reports are now available tion to coffee, pig iron, and flaxseed, stocks of zinc relative to 1919, there were 29 decreases, 13 increases, have now been reduced below the 1913 average, and and 1 unchanged. Six of the increases occurred stocks of tin, cement, cotton, and wheat came down in the foodstuff group, due largely to seasonal condi- to within a relatively short distance of the 1913 tions, and four came in the paper group. average. Compared with May, 1921, increases occurred in STOCKS OF COMMODITIES COMPARED WITH PRE-WAR. the stocks of 11 commodities, while 30 commodities (Taken at end of each month.) decreased and 2 were unchanged. All of the increases except petroleum and cement were in the RELATIVE STOCKS (1913= 100). foodstuff or paper groups. The largest relative declines took place in the metals. 1920 1921 ! AprH, May, April, May, STOCKS. average. average. 1921. 1921. 1922. 1922. STOCKS OP COMMODITIES SINCE 1919. (Taken at end of each month.) RELATIVE STOCKS (1919 =100). Maxjnum since 1919. FOODSTUFFS: 124 Beef products -. 129 Pork products 928 Lamb and mutton 332 Sugar (raw) 321 Cottonseed oil 184 Wheat (visible) 149 Wheat flour .. 1,482 Corn (visible) 316 Oats (visible) . .174 Butter. 1.56 Cheese 186 Eggs.. 156 Poultry 110 Fish i . 177 Coffee 391 Apples 360 Rice (domestic) . .... CLOTHING MATERIALS: Cotton (total) . . . 136 106 ^V^ool (commercial) FUELS: 223 Crude petroleum 189 Gasoline.. 153 Kerosene 173 Gas and fuel oil . 162 Lubricating oil METALS: 146 Pic iron (merchant) 247 Zinc 528 Tin . CONSTRUCTION MATERIAL: 143 Yellow pine 108 Michigan hardwoods 152 Michigan softwoods 277 Oak flooring 222 Maple flooring 115 Silica brick 181 Face bnck 276 Cement * 301 Baths (enamel) 95 Lavatories (enamel) 122 Sinks (enamel). 175 Rosin * 4 215 Turpentine PAPER: 143 Mechanical wood pulp 138 Chemical wood pulp 175 Newsprint (at mills) Book paper . . . . . 127 125 Wrapping paper 132 Paper board 112 Fine paper OTHER A G R I C U L T U R A L PRODUCTS: 132 Tobacco (total) 1,578 Flaxseed ! Min- 1920 1921 Apr., Apr., imum averMay, May, since age. average. 1921. 1921. 1922. 1922. 1919. 1 30 27 89 12 65 70 97 183 110 127 89 95 174 69 89 99 82 70 73 146 181 159 44 85 324 157 158 93 76 622 211 81 79 101 72 72 145 162 159 51 105 298 258 194 57 63 740 152 12 35 120 72 46 177 64 196 46 27 76 108 25 189 332 276 53 120 120 36 60 54 514 1,147 138 290 6 33 49 24 114 167 76 53 28 42 89 175 54 26 165 184 24 83 27 285 40 92 58 905 250 20 62 197 58 27 99 22 120 61 83 95 88 111 125 118 92 78 101 61 109 75 81 104 98 126 89 85 145 134 134 151 143 133 158 153 137 155 141 169 151 151 162 213 189 108 167 147 223 39 72 130 60 108 332 132 212 232 146 217 240 144 229 253 93 138 269 69 108 189 102 67 80 59 55 81 107 102 29 21 34 41 13 127 72 105 161 103 103 140 170 50 31 53 104 109 129 98 141 234 199 107 153 193 179 78 89 164 149 133 102 152 258 206 106 137 240 271 84 85 157 91 130 93 152 248 206 99 136 237 236 84 84 163 124 124 76 94 184 208 87 162 275 143 75 107 133 36 119 77 92 163 186 91 136 245 113 56 82 131 15 55 64 71 66 36 70 74 78 63 97 75 48 79 79 108 99 125 115 101 117 101 141 106 147 - 121 107 130 109 147 112 130 125 109 125 112 104 99 104 118 125 128 97 119 92 104 125 121 130 100 132 1,455 1,347 129 127 83 ?A 38 25 44 23 28 54 108 16 6 28 (i) 92 29 102 117 550 1,242 1 Index number less than 1. » On 15th of month. * Relative to stocks at end of 1919. * Relative to season beginning April 1, 1919. 112000—22 2 Wheat (visible) Corn (visible) Oats (visible).. Coffee Cotton (total).. Crude petroleum Pig iron (merchant) 1 Zinc Tin Oak flooring... Cement 8 Tobacco FlaxsmL-, Relative to 1914. 127 71 89 89 155 109 38 99 IS? 258 80 114 33 134 255 i 270 i 89 183 150 84 195 127 375 91 131 74 ! 82 303 177 109 205 138 93 200 132 413 112 147 87 52 211 173 108 194 147 91 211 139 397 111 81 173 470 321 55 151 224 59 127 148 296 129 145 8 132 371 275 61 128 233 44 99 104 261 115 5 2 Relative to stocks at end of 1913. PRICES. Farmers' prices of crops and live stock each rose about 2\ per cent in May. The revised wholesale price-index number of the Department of Labor advanced from 143 to 148, the largest gain since the violent price declines. Fuel and lighting rose to more than double the 1913 price. The Federal Reserve Board's compilation of the Department of Labor prices showed increases in all groups except forest products, which had the greatest gain over 1913. The index for international price comparison increased from 149 to 158, with both imported goods and exported goods exhibiting considerable gains. Dun's and Bradstreet's index numbers made slight increases. The retail food price remained unchanged and so did the cost of living. A slight increase*in clothing was the only change in any group in this compilation. Wholesale prices in May rose in England, France, Germany, Canada, and India, but declined in Italy and Japan. The individual wholesale prices (see table and chart on pages 4 and 5) showed increases in all groups in May. The farmers' prices showed the most declines—four, as against five increases. Wheat and sheep made the only declines in the market prices of farm products, and flour the only decline among the food products. No other declines occurred except sulphuric acid. The largest increases were in bituminous coal and coke, followed by pig iron. Sheep showed the greatest relative decrease. 10 SALES. Sales of individual commodities continued to increase. Of 11 products on which May sales figures are available, most of which are related to the building industry, there were 9 increases and only 2 decreases, both in iron and steel. The distribution movement through wholesale, mail-order, and chain stores declined slightly, as did advertising sales, while postal sales increased. Sales of securities declined, but life-insurance sales made a slight gain. Compared with a year ago, all individual commodities connected with the building industry showed doubled sales. All other items for which May figures are available also increased over last year. New high records since the end of 1919 were made by 6 individual commodities in May and also by sales of stocks in May and telephone receipts in April. May than at any time since the latter part of 1920. Smaller price increases occurred in worsted yarns and men's suitings, but dress goods remained unchanged. Cotton consumption increased in May but was still below the March level. Stocks made a seasonal decline greater than in May, 1921, and, except at mills, the amount of cotton on hand was smaller than a year ago. Imports declined slightly, while exports fell off 23 per cent and were also slightly less than a year ago. Cloth exports continued their steady increase and were double the January exports. Spindle activity in cotton mills increased. Prices of raw cotton advanced about 3 cents per pound over April both to the producer and on the market. Yarns, print cloths, and sheetings advanced slightly. COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS. 400 COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS. I 900 Max- Minmum i m u m 1920 1921 Apr., May, Apr., M a y , since since aver- aver- 1921. 1921. 1922. 1922. 2nd of end of age. age. 1919. 1919. DISTRIBUTION MOVEMENT: 2 Wholesalers Mail-order housesl Chain storesl SERVICES: Postal receiptsl l Telephone receipts Telegraph tolls1 Railroad revenues— Passengersl Freight^ Advertising— Magazine Newspaper SECURITIES: Stocks Bonds Municipal bonds (new) l .. Life insurance 1 i 351 178 215 262 222 124 260 135 157 174 129 148 129 147 168 143 14 27 12 27 25 7 23 17 21 33 35 40 25 71 106 47 97 101 53 73 65 34 54 36 77 120 98 111 87 127 148 114 34 24 66 58 59 47 77 67 73 69 43 32 119 119 63 61 74 70 45 38 42 41 65 69 81 . 83 89 83 121 122 73 89 27 53 51 63 72 32 101 72 71 41 43 65 78 71 113 83 107 136 242 62 50 82 99 102 118 87 71 124 82 77 112 145 163 125 95 114 98 113 123 120 113 147 106 135 162 84 91 109 122 144 129 58 85 110 178 489 122 35 67 61 87 186 172 154 188 160 81 254 98 113 89 91 153 215 262 222 95 260 135 157 99 44 % /A %/ V \\ r V 1 v 100 A/ V\ r-' A • "164" 77 122 140 86 87 80 61 112 88 74 135 85 73 130 112 148 103 106 148 107 120 163 102 121 98 110 92 103 95 106 85 97 122 114 78 103 91 107 83 115 97 116 87 116 72 105 100 120 55 94 180 102 59 74 147 110 68 78 120 113 117 145 228 119 111 122 192 121 1920 1921 EXPORTS AND CONSUMPTION OF COTTON. 1.000 Items based on value. Relative proportion of orders to total transactions. 900 Imports of wool declined slightly in May but were more than twice as large as the imports in May, 1921. Receipts of domestic wool at Boston showed a large increase. Machinery activity in woolen mills increased all along the line, except carpet looms, which remained almost the same as in April. The price of raw wool increased considerably, both to the producer and in the Boston market: both prices were higher in \ 700 \ 600 TEXTILES. V 200 INDIVIDUAL COMMODITIES: Pig iron (merchant)... Structural steel Baths, enamel Lavatories, enamel Sinks, enamel Sanitary pottery Oak flooring Maple flooring Redwood lumber Clay firebrick Leather belting Abrasive paper and cloth . Elastic webbing Paper Printing! Optical goodsl *—\ RELATIVE SALES (1919 = 100). = ) / sf A 200 mM 1 \ I V 1v V / VJ I- \\ ^ ^ V 52 2 5 1 o2 > •S •5*• S• MQNTHUY_ AVERAGE 1921 1922 Silk imports increased considerably and consumption gained 37 per cent. Stocks of raw silk increased slightly and prices advanced about 10 per cent. 11 METALS. FUELS. The movement of iron ore in May was only half as great as during May, 1921. Production of both pig iron and steel ingots increased 11 per cent over April and made new high records since the beginning of 1921. Production and shipments of merchant pig iron increased slightly, but sales declined from the April record and stocks also declined, especially at steel plants. Imports and exports of iron and steel both increased slightly. Unfilled orders of the U. S. Steel Corporation continued to increase. Prices of pig iron and steel billets rose about 15 per cent over April, but finished steel products showed only slight advances. Bituminous coal production increased somewhat in May but was only half of normal. Anthracite production remained practically nothing. Beehive coke production continued to decline, while by-product coke continued to advance, reaching the highest mark recorded since 1920. Exports of all coal and coke again made heavy declines. Wholesale prices of bituminous coal and coke advanced over 30 per cent over April; anthracite was not quoted. Retail prices of all coal and coke, however, underwent a slight decline. PRODUCTION OF BITUMINOUS COAL. u 1 60 PRODUCTION OF PIG IRON AND STEEL INGOTS, AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS. j f \ o/ 7 ? V I i. \ / / ^ \ o i i I ^/ s. \ |\ z J /_ i \ i i —— / s e J o 19 13 19 14 1915 1910 19 7 1918 1919 I9120 192 MONTHLY MONTHLY AVERAGE^ i® NOV. e»a»a»e»e»5a»SS 1020 :1sid! 1921 Ift22 AVERAGE m\ IS 192 (Si 19 S APR MAY JUNC MILLION S OF TO Z \c I 1 1 OCT. CO A /\ \m r U AUO. g 1 \ VV DEC. > 1/ \ \ \ \ ft OCT. II 10 \ I \ \ \ / 1920 PRODUCTION OF ANTHRACITE COAL. Shipments of locomotives made a decided increase in May, reflecting the increased unfilled orders at the \ A end of April. Domestic unfilled orders for locomotives declined in May, while the foreign balance continued to increase. Production and shipments of sheets increased while sales, unfilled orders and unsold stocks declined. Structural steel sales were 11 per cent less than in April. Copper production continued to increase and was the largest since March, 1921. Exports declined somewhat. The price of copper advanced slightly. Zinc production advanced to the highest point since December, 1920, while stocks were reduced heavily and stood at the lowest point since August, 1920. Receipts and shipments at St. Louis increased considerably and prices rose slightly. Imports of tin declined in May, and stocks were reduced also. A slight advance took place in the tin price. Petroleum production increased again and almost Receipts and shipments of lead at St. Louis made reached the record figures for March. Stocks conmarked gains over April and the price advanced. tinued to increase and again made a new high record. ft *\ 917 MONTHLY 1918 1919 1920 AVERAGE 12 Shipments from Mexico continued their steady upward movement, while the price of crude petroleum remained unchanged. Exports of gasoline declined slightly in May. STOCKS OF CATTLE HIDES (PACKER) AND PRODUCTION AND STOCKS OF LEATHER (SOLE AND BELTING). 400 1 r 350 { PRODUCTION, CONSUMPTION, IMPORTS, AND STOCKS OF PETROLEUM. 300 4 iI Tt •o 250 Q i D / | V 1 J— g 200 CO Z 1 > —It z 1—r-Ts ^ so STOCKS 1 V 1 s I o 3 —^-* 1 too \ 50 SOLE-LEATHER PRODUCTION n The April gasoline report showed stationary production, but increased stocks and consumption. Kerosene production and stocks increased, gas and fuel oil showed a considerable loss in production and larger stocks, while lubricating oil showed little change from March. PAPER. Production and shipments of newsprint paper made a marked increase in May, both rising to a point not equalled since the middle of 1920. Stocks increased, due to a larger amount in transit to publishers. Consumption of newsprint by publishers was somewhat smaller than in April. Prices showed little change. Purchases of paper by printers and sales of printing declined sharply in April, while printing activity underwent a smaller decrease. Exports of printing paper again increased to the highest mark since January, 1921. AUTOMOBILES. Passenger-car production for May totaled 231,699 cars and truck output totaled 23,694, thus continuing the steady increase in this industry. Shipments of automobiles also increased considerably over April. HIDES AND LEATHER. Imports of hides and skins increased somewhat in May, but stocks continued to decline and again made a new low record. Prices of hides increased. Production of leather increased slightly in May, while stocks declined. Prices remained stationary, and exports declined. Production of boots and shoes again declined, but exports made a slight increase. There was no change in the price in May. _ -•- — T1 ! T1 I\ i i s i i > ( 5 : I92C > I ( Q T - —. • 1 1 1 1 1 5 i. 192i i i iJ n ( DEC. AVERAGE SEPT MONTHLY C S! \ •—• \ \ 1922 BUILDING OPERATIONS. Construction costs showed a slight increase in May, especially the concrete factory cost. All the cost indices ranged from 59 to 76 per cent above the pre-war average and almost 10 per cent less than a year ago. VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES. M I L L I O N S OF SQUARE F E E T 1919 M O N T H L Y AVERAGE 1920 M O N T H L Y AVERAGE 1921 M O N T H L Y AVERAGE JANUARY FEBRUARY MARCH APRIL MAY | JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 13 Production and shipments of all kinds of lumber thus far reported showed large increases in May except North Carolina pine production, which declined 2 per cent. Stocks of hardwoods in Michigan increased but Michigan softwoods and Southern pine declined. The price of Southern pine rose slightly, while Douglas fir increased $2 per thousand feet. Exports of lumber increased slightly. Production, shipments, new orders, and unfilled orders for both oak flooring and maple flooring exhibited gains over April, while stocks of both kinds of flooring were reduced about 10 per cent. Greatly increased production occurred in all classes of brick in May, in most cases exceeding any month since 1920. Shipments and unfilled orders also gained. Stocks of clay fire and silica brick increased very slightly, while face-brick stocks declined over 15 per cent. Prices of brick rose considerably. Cement production increased 21 per cent in May and made a new high record, while shipments, with a gain of 48 per cent over April, also attained record heights. Stocks declined and the price was unchanged. Shipments of all kinds of enamel sanitary ware increased, all making new high records, while new orders increased almost 40 per cent and exceeded shipments, as well as making new high records. Stocks were reduced about 25 per cent in most lines. Orders for sanitary pottery continued to increase and, except for last January, exceeded any previous month since January, 1920. CEREALS. The crops of both winter and spring wheat were estimated in July to exceed the 1921 crops, with a total forecast for 1922 of 817,000,000 bushels. Exports of wheat and flour for May showed a good increase but were less than half as large as a year ago. The visible supply made the usual seasonal decline and exceeded last year's visible by 40,000,000 bushels. Receipts and shipments made seasonal increases and were slightly larger than a year ago. Wheat prices were irregular, while flour prices declined slightly. MEATS. Receipts, shipments, and slaughter of cattle made large increases in May. Exports of beef products were the largest since January, 1921, and cold-storage holdings continued their seasonal decline, reaching the lowest mark recorded since the end of the war. Prices of cattle and round steak advanced, while carcass beef remained unchanged. INSPECTED SLAUGHTER, CONSUMPTION, AND GOLD-STORAGE HOLDINGS OF BEEF PRODUCTS. 1 V 1 i 460 / 400 8 BUILDING MATERIALS. Corn exports declined in May from the huge outpourings in pievious months. The visible supply declined seasonally but was almost double last year's visible. Receipts and shipments made a seasonal increase and were slightly larger than a year ago. Grindings into glucose and starch increased slightly and equalled the May grindings last year. The price of corn continued to advance. The crop was estimated at 2,860,000,000 bushels in July, a considerable decline from last year. The production of oats was estimated at 1,187,000,000 bushels in the July report, exceeding last year's crop by 126,000,000 bushels. The visible supply continued to decline in May, wThile receipts increased and exports were the largest since March, 1920. The price of oats increased. Barley production was estimated at 182,000,000 bushels in July, an increase of 30,000,000 bushels over last year. Exports showed little change from April, but the price of barley increased. Rye production forecast in July was 82,000,000 bushels, an increase of 24,000,000 bushels over last year, while exports in May rose to the highest point since January, 1921. The price of rye continued to increase. Total grain exports declined slightly in May and were smaller than a year ago. Car loadings of grain and grain products exceeded both March and April figures and were larger than in May, 1921. ;£ S A y k f \ \ \\ <>3 °/ / A o V * M 200 150 r \ I § The building volume index increased 19 per cent in May. Contracts awarded in the 27 northeastern states amounted to 59,639,000 square feet in May, again making a new record. Declines occurred in business, residential and educational buildings, but the other groups showed large increases; industrial buildings increased 16 per cent over April contracts. May also witnessed an increase in the value of building projects, which reached $362,590,000, the highest figure recorded on these monthly reports. Declines occurred among the business and industrial buildings and in public works and utilities, while the other classes showed good gains. Fire losses again declined but were still higher than a year ago. SLA 1 \ \ 100 \ i i 1 | \ 19 19 A V — \ ! JO MONTHLY V %J \ 1 13 19 \A 1916 1916 19 17 1918 A i UGHTER 1920 1921 zo AVERAGE 1920 i s is (lit 1921 M i 1 1 1922 14 The movement and slaughter of hogs also showed a good increase in May. Exports of pork products increased slightly and cold-storage holdings made a seasonal advance, but were considerably less than in May, 1921. Prices of hogs and pork advanced slightly. May, but exports increased and stocks in Cuba continued to gain. IMPORTS, MELTINGS, AND STOCKS OP RAW SUGAR. 1 V \ | WO INSPECTED SLAUGHTER, CONSUMPTION, EXPORTS, AND COLDSTORAGE HOLDINGS OF PORK PRODUCTS. 600 460 l 1 II \ 'A 1 \ 400 \ 360 \ T 1920 !92« z ( b 0 : • AVERAGE > * • 5 Sf 5 " 192 y • / 11 V \v \ 1 ** * 1. I I \ 1 1 - \ y s J 60 1922 Rice receipts made a seasonal decline and shipments from mills were also less. Stocks also declined with the season, and exports were the smallest since October, 1920. The fish catch increased in May over both the previous month and the corresponding month last year. Cold-storage holdings continued to decline and were the lowest recorded. Receipts of poultry increased and cold-storage holdings made a seasonal decline. Exports of condensed milk declined. Receipts of butter and cheese made seasonal increases, but eggs declined. Cold-storage holdings of butter, cheese, and eggs increased with the season, while prices of butter and cheese continued to decline. Domestic cane sugar receipts continued at a low level in May and imports declined. Meltings were slightly larger and made a new high record since 1919. Stocks were reduced and exports of refined sugar also made a new high record since 1919. Wholesale prices of both raw and refined sugar advanced but the retail price declined. Cuban crop receipts declined in L U O AON OTHER FOODSTUFFS. 1919 1920 1921 MONTHLY AVERAGE •oaa Advances were recorded in the movement and slaughter of sheep in May, but these movements were somewhat smaller than a year ago. Cold-storage holdings increased from the low mark made in April. Prices of sheep declined. s 100 i J < 11 XI » 192 I APR. MONTHLY T 1 I MAY 9 It V •R F' 1 ?•' y Si J i DEC. JAN. — FEB. — fn i | I1 I I J / 1 Imports of coffee increased in May and so did the visible supply, but the world visible declined. Receipts and clearances in Brazil made a seasonal decline. Imports of tea were about the same as in April. TOBACCO. Large increases in production occurred in all tobacco products in May, in most cases reaching the highest mark since last October. Exports of unmanufactured leaf tobacco declined slightly and the price was again unchanged. RELATIVE PRODUCTION OF CIGARS, CIGARETTES, AND MANUFACTURED TOBACCO. (Relative production 1913== 100.) 40» / 360 "] / \ 300 // i •1 ,'\ \ 1 S MO 1 4 I 3 r 5 0 / A— D. TO ACC<J •Ob s «A^ >^ 60 0 •til !?I4 I9I» I9I« t9IT 1918 1919 I9?9 MONTHLY AVERAQf I«^-«K> |gl5a <K< « I9M i 5>*; ?i . ! : 192 I OCT. NOV. DEC. — 1 * 160 1 I II 1' II l\ \ J 200 J » I > } I T APR. \ / ,\ ;! \ ( &' CO §"" - \ \ 1 AI^ u OCT. NOV. / y \ V JAN. FEB. MAR. APR. JUU # \/1 \ AUQ. SEPT OCT. \ O N — L/1 DEC. V \7 \ \ 4 i\ 1 1 \ JAN. nrt * W "A /\ V ^^ I I'M «/' n OCT. O «K / / 1 §\\ \ JUNE JULY AUQ. 0 / s ANDS OF TONS \ OJL \ f / *** to V m\ (922 15 WATER TRANSPORTATION. Traffic through the Sault Ste. Marie Canal in May was much smaller than in May, 1921, but canal traffic in New York State showed an increase. Panama Canal traffic for April showed another increase, attaining the highest mark since March, 1921. Increases in entrances and clearances of vessels in foreign trade in May were very marked, especially for American vessels. Another increase occurred in the number of vessels under construction. ENTRANCES AND CLEARANCES OF VESSELS IN U. S. FOREIGN TRADE, AND SHIPS UNDER CONSTRUCTION. -p $ T \ / 6 / */ 7 n **4^o : \ /A / i 7 u- Bad-order cars again increased, attaining the highest point since last October. Loadings were 8 per cent greater than in April, due especially to larger grain, ore, and merchandise movements, though all classes showed a gain. LABOR. Employment in representative factories throughout the United States was 3 per cent greater than in April and the highest since these statistics were established in January, 1921. Employment in New York State also increased. The accompanying chart shows that the gain was well distributed in each section of the country although the Middle West continued to gain at a far greater rate than the other sections. Unemployment in Pennsylvania was reduced by 22 per cent during the month. Immigration increased and emigration declined. RELATIVE TREND OF EMPLOYMENT, BY DISTRICTS. 2 « JUNE JULY AUQ. SEPT. OCT. NOV. ! 11 1 fit I I it I 2 AVERAGE 2 / Q -> u. 5 < 2 1920 i i 120 / 1922 S-_ MONTHLY DEC 19 3 1914 1915 1916 1917 1918' 19 9 1920 I92l z a ... RAILROAD TRANSPORTATION. \ BAD-ORDER, AND TOTAL LOADINGS OF FREIGHT CARS. \ NEW ENG LAND to BOO fc 850 s \ \\ )TAU A ! s \ \ / \ \ \ f ^. s 800 A \ T 8 660 \ 1 \ / / \ \ >^' \ 1 \ i f / r \ 750 I s \ \\ V ;> 80 1 f III 700 l i j > : i \j ji $! I ! i i! ! I 1 !t ;I Ii i • 1022 1921 3 660 MAY SURPLUS, i / 8 SHORTAGE, .CENT i Freight-car surplus was again reduced and for box cars was the smallest since last October. Car shortage was the largest since last October. § § IMMIGRATION, EMIGRATION AND IMMIGRATION QUOTA. ——J j 250 / 1 f A rri 1 f J y. 150 / f § 1920 AVERAGE 192 1^ < M Jf \A y : u APR. MAY JUNE JULY AUO. MPT. OCT. NOV. DEC 1919 OCT. 4918 MONTHLY FEB. MAR 1917 SH DRTAGE JAN. FEB. 1 \ 0 V, -it / / 1 1 * _*TIO»» 10 Itl4 IStA / s A 'ft V 191* 1917 MONTHLY 1919 1 r\ \ \ -I I It s s uw 1 \ IT \ \l M n\f / \ ,' \ 60 zf \1 \ 1 ~* / ; \ / It \ 200 100 JV 11 !\\ \} 1 \ \ MAY 1 300 \ /\) I! -t _T h \ Op 1919 l»» Ifat \ \ 1 } MONTHLY QUOTA I' AVERAGE, 1 I \ Si• I * rw w \\\i X 3 i 192 I NOV. / 1 \ ±__ i serr. a/ 350 1 ft 11 \ occ § / OCT 8 / 1 fl 1 / 16 DISTRIBUTION MOVEMENT. The influence of seasonal trend was noted in the declines in May sales in mail-order and chain stores. In all cases, however, the sales were greater than a year ago. For the year to date, mail-order sales were less than a year ago, while chain-store sales increased. American Wholesale Corporation sales declined both from April, 1922, and May, 1921. incorporations increased over April. Credit reports in the wholesale trade showed another decline in the proportion of orders but increases in indebtedness and in payments. LOANS, DISCOUNTS, AND INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS COMPARED WITH BILLS DISCOUNTED BY FEDERAL RESERVE BANKS. 18 LOANS- J ' S C . ! s / 16 SALES OF MAIL-ORDER HOUSES AND CHAIN STORES. NTS 14 12 10 3 4 \ f 2 \ \ 1 \ AVERAGE \ I \ Magazine advertising declined 10 per cent from April, while newspaper advertising remained about the same. Postal receipts increased slightly and were larger than a year ago. c C\\ MON THL>f AVEIRAGE D 192 MAY 0 NOV. DEC^ JAN. FEB. MAR. APR. •MAY 00 JUNE 12 JULY AUQ. SEPT. OCT. NOV. r» AUQ. SEPT. MONTHLY 1922 NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED LIABILITIES. PUBLIC FINANCE. The outstanding debt of the United States increased somewhat in May, although a slight reduction was made in Liberty and Victory bonds. Ordinary receipts of the Government gained, largely on account of increased customs receipts, while disbursements declined. The year to date shows an excess of receipts as against an excess of disbursements last year. craw P i s if 3 i < m i 5 1 3.000 T W 1920 > O UJ i Z O o 5a > m ^ Q. -2,100- - 70 -1,800- - 6 0 hi - o-J~o ^ It! 5 < 5 2,400- - 8 0 L 4922 1921 >6 -2^00- -90 BANKING AND FINANCE. Debits to individual accounts and bank clearings in New York City both increased in May, while outside New York debits declined but clearings increased. Discounts and note circulation of the Federal Reserve banks continued to decline, while reserves and deposits increased. The reserve ratio for May declined slightly. Member bank loans again showed an opposite trend to the reserve banks, increasing $300,000,000, while demand deposits made an even larger gain. Both time and call money rates declined. A slight decrease occurred in postal savings deposits, while in the Chicago Federal reserve district increased savings deposits were noted in savings and commercial banks. Life insurance sales continued to increase. Failures made another decline and the amount of defaulted liabilities fell almost 40 per cent. Dividend and interest payments were somewhat less than a year ago. New capital issues of corporations declined, while 5 s ta h > 6 M n o 111 co o z a 17 fell below par, thus making the United States again the possessor of the highest valued currency. Exports for May again declined, while imports rose. The excess of exports is the smallest, with the exception of last February, since before the war. IMPORTS AND EXPORTS OF THE UNITED STATES. \ / 700 1 U < \ 1 A V\ 0.1 r tj 7 \ < i \ ,oV \ \ \ -I /\ 100 0 '1 19 13 10 4 1916 18)6 19 17 1918 1919 MONTHLY I /A - — j 300 FOREIGN EXCHANGE AND TRADE. Dutch and British exchange rose in May, but the other important European exchanges declined. Rates on American countries and India also increased, and the general index remained stationary. Swiss francs —' / T~ i \ \[ I P20 1921 AVERAGE •IV i i > N / „. OCT.' •NOV. DEC. Prices of both railroad and industrial stocks and both corporation and municipal bonds rose in May, although railroad bonds did not participate in the rise. Domestic gold receipts at the United States Mint increased in May and the Rand production of gold rose considerably but was still below last year's figures. Imports of gold declined to the lowest point since February, 1920, and exceeded exports by only $5,600,000. Silver production for May showed a slight increase. Both imports and exports increased, with the latter very slightly larger. The price of silver continued to rise. 1920 N _ -S ?= ill 1921 922 is MONTHLY INDEX OF CROP MARKETINGS. A monthly index of the production of crops is not, strictly speaking, an index of production, because generally the crop is a yearly, not a monthly, affair. But we can indicate monthly the relative output of agricultural products by the amounts which are shipped into market. Thus the index, while indicating the movement of production, is really an index of the marketing of the crops. For this purpose statistics are now available monthly showing the movement to market of crops which represented 95 per cent of the total value of all crops, excluding forage, in 1909, and 94 per cent in 1919. These statistics include every crop representing more than one-half of 1 per cent of the total in 1909. In this index we are not able, as in the mineral production index, to go back to a pre-war base, as the greater part of these marketing statistics, like those on animal products, were developed during the war. It has been necessary to use the year 1919 as a base because (1) it was the first peace year since the war? (2) a few of the individual series do not go back of that year, and (3) it was a year for which the census of crops was taken, thus giving a base for weighting. The various crops are weighted arithmetically by total value produced as reported by the Census for 19195 with an adjustment based on the percentage marketed, or by actual quantities marketed, as reported by the Census. In this manner, the large amounts of some crops that remain on the farm for feeding live stock and other purposes, and never reach the market, are excluded from the weighting, which gives a more nearly proper weighting for marketing. 112000—22 3 SOURCES OF MATERIAL. The individual series of data in most cases represent either receipts at markets or shipments from points of production, and thus represent about the same point in every case in the movement from the farm. In the case of cotton, a figure even closer to the point of production could have been taken—ginnings instead of receipts—but it was felt that the latter series more nearly coincided with the point at which the other crop statistics were taken. Explanations of the individual sources follow: Corn, wheat, and oats.—These data represent receipts of these grains at the principal interior markets as compiled by the Chicago Board of Trade. The corn receipts cover about 10 per cent of the total corn crop but about half of what is marketed. Oats receipts comprise about 15 per cent of the total crop of oats but about 60 per cent of the marketed portion. Wheat receipts represent about 45 per cent of the total crop and over half of the amount marketed. Barley and rye.—-These data represent receipts of these grains at 17 principal interior markets as compiled by the Federal Reserve Board. The barley receipts cover about one-fourth of the total barley crop, but about three-fourths of the amount marketed. The rye receipts cover about 55 per cent of the total crop and over 90 per cent of the amount marketed. Rice.—These data are compiled by the Rice Millers' Association and represent receipts at the mills of rough rice from Louisiana, Texas, and Arkansas, forming practically the entire rice marketings in the United 18 States outside of^California, or about two-thirds of | the crop. Flaxseed.—These data are compiled by the Northwestern Miller and represent receipts at Minneapolis and Duluth. The receipts at these two points have totaled in the aggregate more than the total crop of flaxseed in the United States each year since 1919, probably due to duplications in receipts and also to receipts of Canadian flaxseed. Cotton.—These data are compiled by the New Orleans Cotton Exchange and represent the amount of cotton brought into sight (i. e., from the plantation) throughout the United States. These figures cover practically the entire cotton crop. Cottonseed.—These data are compiled by the Department of Commerce, Bureau of the Census, and represent receipts of cottonseed at the crushing mills. They form about 80 per cent of the total cottonseed production. Cane sugar.—These data are compiled by the Statistical Sugar Trade Journal and represent the receipts at New Orleans of domestic cane sugar. These receipts cover about half of the Louisiana cane crop. Although technically a product of manufacture, cane sugar has been included because no figures of sugar cane are available and the movement is almost identical with the cane movement. Tobacco.—These data are compiled by the Federal Reserve Board, Division of Analysis and Research, from reports of the state authorities of Kentucky, North Carolina, South Carolina, and Virginia. They represent sales of loose-leaf tobacco from the warehouses of those states, which grow about 75 per cent of the total tobacco crop of the United States and the sales themselves comprise about 60 per cent of the total tobacco crop. The 1919 figure is partly estimated, as the Kentucky crop was not reported on a monthly basis prior to July, 1919. For the first halt year the combined total of the other states is doubled, as the Kentucky sales usually form half of the total. Fruits and vegetables.—The data on white potatoes, sweet potatoes, onions, apples, peaches, citrus fruit (oranges, lemons, and grapefruit), strawberries, grapes, pears, tomatoes, cabbage, celery, watermelons, and cantaloupes are compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, and represent railroad shipments in car lots from growing sections throughout the United States. The percentage of each crop represented in these figures varies greatly, owing to the different methods of distribution of the various crops. The shipments on citrus fruit represent as high as 90 per cent of the total crop, while for sweet potatoes only 10 per cent of the crop is marketed in this manner. In general, the car-lot shipments represent from 25 to 60 per cent of the crop of a particular fruit or vegetable. Figures for white potatoes represent about 30 per cent of the total crop and about 50 per cent of the amount sold by farmers, ac- cording to the 1919 census. Figures for apples represent about 30 per cent of the total crop and about 40 per cent of the amount sold by farmers. Hay.—These data are compiled by the Hay Trade Journal and represent receipts at 11 markets—New York, Chicago, Philadelphia, Baltimore, Boston, St. Louis, Kansas City, Pittsburgh, San Francisco, Milwaukee, and Peoria. These data form only about 2 per cent of the total hay crop but over 11 per cent of the amounts sold by farmers, according to the 1919 census. WEIGHTING FACTORS. The census reports of the value of crops grown in 1919 have been used as weighting factors in preparing this index, adjusted by deducting the estimated amounts retained on the farm for feeding live stock, etc. In the case of some fruits and vegetables the census does not report the value of the total crop grown but only the amounts raised for sale in 1919. These figures are taken without adjustment for weighting the marketing index. The percentages marketed of each crop have been chosen in accordance with investigations near the year 1919 on some of the principal crops by various authorities. These are shown in the table below. PERCENTAGE OF CROP MARKETED. (According to various sources.) Corn. Wheat. Oats. Barley. ! Census of agriculture: 1909 i 1919 ! U. S. Grain Corporation, report ' of marketings, 1918 crop.. Shipped from county where • grown (Dept. of Agriculture): \ 1918crop 1919crop ; 1920 crop ; 1921crop I Estimated marketings, Depart- j ment of Agriculture: ; 1918crop ! : 1919 crop 14.5 16.7! 6 1 . 1 . 22. 0 ! 59. 0 19.2 ; 61.6 j i 16.4 84.1 14. 0 85. 7 27.4 26.4 28. 8 23.8 Final percentage used 20.0 25.0 | 18.0 19.7 11.5 25.9 26.3 79.1 85.0 31.8 Rye. 43.4 36.8 ; 48.7 • Hay 12.2 14.5 61.0 39.i ; 34.5 j. 36.3 | 36.1 I...... I . 27.3 26.4 35.0 ! 60.0 • 15J0 For the other crops where an adjustment has been made, the percentage is based on unpublished reports of sales collected through the 1919 census, except apples and potatoes, for which the figures of 1919 sales have been published. The final weighting figures are gathered together in the table that follows, which indicates the values of the total and marketed portions of the crops taken for this index in the census year 1919. There is also shown the estimated percentage of the crop marketed. Continental United States alone is represented in these crop figures. The crops are divided into groups, for which separate index numbers have been obtained in accordance with the weights of the individual crops. No attempt has been made to eliminate the seasonal variation in the marketing. 19 WEIGHTS FOR INDEX OF CROP MARKETINGS. ! Value of crop, 1919 Per cent mar(millions keted. of Jol1 lars). CROP. Corn Wheat Oats . . Barley Rye Rice 3,508 2 074 855 160 116 97 i . . . . 19 Total vegetables Apples Peaches Citrus fruit Grapes Pears Watermelons Cantaloupes Strawberries ... 639 125 1 39 1 21 1 22 . . . . . . Value marketed. 1919 Final (m illions weight. of dollars). 702 . Total fruit 10 ill 36 290 383 25 39 38 3 4 100 100 100 21 22 2 499 50 75 60 100 50 70 100 181 58 110 48 18 10 18 6 11 5 2 I 465 47 100 100 2,007 348 Total cotton products 2,355 1,953 Hay Tobacco. Flaxseed Cane sugar 444 29 59 Total miscellaneous Total for index Total all crops 1 Amount raised for sale only. 11 29 100 80 646 2,007 Cotton.. Cotton seed 1 3 348 201 35 2,355 236 293 444 29 59 29 44 3 6 825 82 15 100 100 100 2,485 13,131 2 14,755 70 176 21 6 7 10 2,902 Sol 241 96 110 96 26 1 214 56 70 97 1,763 60 20 100 6.810 Total grains Potatoes (white) Sweet potatoes Tomatoes Onions..? . Cabbage Celery 20 85 25 35 60 100 RESULTS. 7,046 The crop-marketing index shows a decline similar to the animal-products index in 1920 as compared with 1919, but in 1921 the upward rebound was very much greater, carrying the total index 12 per cent above the 1919 average. All groups except fruit participated in the increase, and all but the miscellaneous group stood at over 15 per cent above the 1919 base. Seasonal variation accounts for a large part of the monthly changes in this index. As most of the crops move in the fall, the index shows extremely heavy movement in the last few months of the year, while the low point is usually reached in April. Each of the five groups of commodities in this index displays this same general trend. The monthly index numbers for 1922 have been consistently higher than the corresponding months of 1920 since January. The first four months of this year were lower than the corresponding months of 1921, but May showed an increase. This was due to the much heavier movement of all groups except the cotton and miscellaneous. I N D E X OF CROP MARKETINGS. (Relative marketings 1919 = 100.) 200 705 180 ' Excluding forage, $14,185,000,000. / / 160 COMPARISON WITH OTHER INDICES. This index can be compared only with the index recently published by the Federal Reserve Board on agricultural marketings, which also included animal products. Only two groups can be compared with the Federal Reserve Board groupings. The grains run consistently higher in the Department of Commerce's index in 1921, apparently on account of the higher weighting given to corn. In the fruit group the results are totally different, as the Federal Reserve index used only citrus fruits, whose movement is greatest in the spring, while the inclusion of other fruits in the Department of Commerce index, notably apples, shows the heaviest fruit movement to be in the fall. 200 / / 140 f w DC £ 120 D Z 100 80 60 1919 / A V E R AGE / t 9 $ $ f 180 { / \ $ 160 \\ \ 140 \ % % % \ 120 s 100 z 1920 i » m * v# ._- X 80 * 60 40 20 20 0 > < g z 40 Q. QC m D 4 $ / CO z D < Q. Hi O o > o z o UJ o 20 INDEX NUMBERS OF MARKETING OF CROPS. Prepared by the Department of Commerce. (Relative to monthly average for 1919 taken as 100.) Y E A R AND MONTH. 1913 monthly average.. 1914 monthly average.. 1915 monthly average.. 1916 monthly average.. 1917 monthly average.. 1918 monthly average. 1919 monthly average.. 1920 monthly average. 1921 monthly average. •»»• Corn* Wheat. Oats. 141.1 116.4 59.9 68.6 107.4 117.0 115.2 96.0 117.6 I 108.3 141.7 i 121.8 129.0 I 89.2 32.4 41.3 45.4 48.5 47.9 White: OnCane Toseed. j sugar.! bacco. toes. Rice. Flaxseed. Cotton. 76.8 261.4 145.8 132.0 176.6 111.4 114.4 98.5 119.6 112.9 91.3 91.8 172.3 117.1 114.9 88.6 101.7 89.4 105. a 97.0 165.2 103.3 147.1 | 79.0 69.6 104.0 100.0 100.0 100.0 I 100.0 100.0 100.0 119.9 85.9 93.1 104.9 92.4 | 49.3 189.5 115.5 64.5 130.7 92.8 i 42.9 I [Table continued on opposite page. Ap- Peach- Citrus ples. es. :truit. 198.5 ! 124.0 ; 104.3 I 100.0 100.0 100.0 100.0 76.0 80.3 74.9 91.7 102.3 70.0 94.0 105.5 j 84.4 74.7 88.1 66.0 | 63.3 100.0 100.0 100.0 100.0 100.0 I 100.0 100.0 127.3 109.8 89.5 96.9 86.5 96.0 57.7 • 108.1 79.5 ; 97.5 124.3 90.4 j 119.1 ! 109.5 1920. January.. February. March.... April 143.0 I 167.6 I 141.4 ! 70.4! 68.3 43.1 43.8 48.3 108.5 94.2 85.2 48.7 39.1 31.8 37.5 28.8 109.8 81.8 89.0 73.1 149.7 60.4 45.4 37.0 56.5 61.3 68.4 36.3 150.7 100.0 75.0 52.6 132.6 79.7 50.6 17.7 24.9 7.1 167.6 148.9 63.2 16.5 May.... June July.... August. 74.8 ! 58.1 164.2 59.4 170.7 1 87.7 61.2 125. 7 34.5 35.1 34.3 38.8 94.3 79.7 77.6 80.0 20.0 24.1 9.7 46.0 48.5 150.9 177.5 87.5 34.3 25.3 34.5 29.3 7.8 7.3 2.1 6.5 3.5 8.1 64.2 86.6 137.2 2.8 5.3 September.. October November.. December.. 134.9 123.1 67.4 120.7 135.6 141.6 118.2 100.3 156.7 101.9 71.6 64.2 85.6 74.8 85.4 65.3 139.7 111.7 93.0 87.3 106.9 220.5 366.6 173.2 155.5 78.3 326.9 | 149.0 184.5 | 184.1 174.9 160.3 71.7 276.2 228.6 157.2 0.4 January... February.. March April , 262.4 174.7 226.6 77.0 92.0 67.3 71.6 74.1 58.7 79.2 50.5 48.5 26.8 40.2 27.6 55.2 35.1 32.7 38.7 106.2 77.6 135.4 159.7 59.4 | 116.9 49.5 | 75.5 63.4 | 56.1 73.6 57.8 118.6 123.3 96.6 35.8 | May.... June July.... August. 142.2 ! 85.7 235.0 | 95.8 117.8 | 196.9 195.9 218.0 66.7 106.8 115.0 211.2 32.9 49.8 39.7 82.5 34.3 36.7 64.1 155.7 187.8 72.1 63.2 160.9 134.7 130.8 118.9 84.4 80.5 62.8 57.8 59.0 21.8 | 8.2 22.5 j September.. October November.. December.. 243.8 230.1 103.1 264.9 195.0 132.0 81.2 76.1 98.7 114.2 56.3 69.7 65.7 51.8 27.1 22.0 137.6 75.4 49.8 58.8 126.0 193.3 140.4 145.3 126.6 225.5 154.8 95.1 January.. February. March.... April 347.4 389.0 207.0 97.0 55.4 72.1 64.2 49.6 85.6 93.0 79.6 48.6 29.2 30.4 42.5 24.3 31.8 39.8 81.6 35.5 158.6 162.9 213.6 50.7 May.. June. 180.6 92.3 101.5 37.9 114.4 14.9 126.3 113.9 87.2 j 110.7 86.5 139.2 98.7 58.) 64.6 65.0 64.4 32.8 141.3 142.7 166.2 116.1 134.9 125.4 147.9 58.1 1.7 61.7 267.1 243.9 152.2 94.4 67.4 45.0 83.1 94.1 93.8 87.6 162.5 | 407.8 63.6 548.6 339.7 0.1 130.6 33.5 58.3 142.8 168.3 103.9 80.4 85.0 92.1 183.5 172.1 208.2 199.6 82.2 79.2 66.7 53.9 i 9.5 3.5 78.6 56.5 I 66.6 80.4 | 57.4 53.0 j 111.4 ] 19.2 ; 80.4 ! 2.6 83.5 I 45.3 ! 243.8 98.4 j 34.9 18.8 3.9 27.3 56.8 104.1 i 59.2 90.5 110.2 70.6 120.3 134.7 j 208.1 132.7 ! 165.6 106.5 ! 64.1 211.2 282.2 167.7 68.2 162.4 ' 258.2 ; 173.2 26.3 92.4 79.2 107.2 98.9 117.1 101.7 99.1 144.3 89.0 98.6 83.8 | 17.8 37.0 12.7 54.7 49.4 98.8 117.5 14.9 ; 113.5 64.4 ! 106.8 147.1 47.4 85.1 117.4 21.7 5.9 17.2 49.8 55.5 154.6 354.9 275.8 161.5 143.5 93.8 66.9 47.0 46.4 48.1 57.8 109.4 187.0 163.5 141.7 157.2 271.9 171.4 77.6 25.3 99.7 458.6 486.6 58.9 169.7 76.4 ; 276.7 138.6 ! 104.1 65.2 97.8 | 185.0 141.7 67.9 60.6 187.5 480.5 206.3 84.8 195.8 1.0 67.8 92.8 112.0 169.1 51.4 64.8 54.5 53.6 55.2 35.7 49.8 32.1 84.8 44.3 49.9 41.3 37.0 38.5 18.5 6.1 98.6 35.5 11.1 14.8 97.5 91.0 23.9 5.6 102.6 90.6 147.3 128.0 96.1 59.0 42.0 177.6 59.7 69.6 44.0 26.2 157.7 123.8 155.1 133.8 69.3 60.6 56.9 54.0 11.5 56.5 3.9 14.6 1.6 131.9 122.7 17.1 107.4 53.8 0.1 2.4 222.0 411.4 1921. 52.5 15.3 19.7 15.0 4.1 1 ! 1922. 9.4 i 25.5 21 INDEX NUMBERS OF MARKETING OF CROPS. Prepared by the Department of Commerce. (Relative to monthly average for 1919 taken as 100.) Table continued from opposite page.] GROUP SUMMARIES. YEAR \ N D MONTH. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly average . . . average average average. average. . potatoes. 64.9 67.5 100.0 118.5 133.9 average. average average. average Strawberries. Grapes. Pears. 200.4 185.9 104.3 100.0 104.9 129.3 54.6 70.5 68.9 100.0 129.2 114.5 83.1 113.0 101.5 100.0 147.3 122.2 Tomatoes. Cabbage. 101.7 95.9 53.7 76.8 80.4 102.0 102.3 102.1 77.2 79.0 88.0 85.4 81.4 106.6 100.0 104.2 117.2 114.7 100.0 124.2 123.9 115.1 100.0 144.5 189.2 66.1 100.0 127.2 148.4 63.1 100.0 101.5 113.8 120.1 100.0 94.3 129.5 95.1 100.0 102.4 121.1 76.6 100.0 113.9 118.4 90.5 100.0 89.1 96.8 100.0 86.4 81.0 100.0 93.5 111.6 22.0 39.0 110.8 38.7 92.7 120.9 159.8 189.0 152.0 195.0 224.6 131.8 92.5 77.9 71.4 53.5 82.3 62.5 89.2 62.3 57.8 58.3 64.0 48.1 148.0 97.0 71.4 47.4 141.5 127.2 89.0 31.3 113.7 87.6 74.2 49.1 141.3 72.4 29.4 52.6 59.6 0.7 3.9 12.8 27.9 249.5 785.3 400.4 63.5 83.8 103.6 105.3 57.7 99.9 97.8 90.0 76.8 77.6 100.7 116.1 30.4 22.6 29.7 25.9 35.8 41.9 50.2 77.3 49.7 59.2 72.0 75.1 86.0 259.3 221.3 65.1 78.4 233.9 337.2 276.2 84.5 2.5 0.7 2.5 135.0 151.6 8.3 > 134.9 109.8 104.1 142.3 211.8 162.9 69.6 202.6 331.8 179.3 90.3 77.3 167.9 190.7 159.8 80.3 112.9 124.3 126.2 114.4 161.9 147.0 122.0 0.3 131.5 91.3 110.2 74.2 97.5 85.5 111.6 107.3 77.4 78.6 87.2 81.6 117.2 82.6 62.1 54.5 122.2 169.5 120.3 37.0 119.6 96.2 93.8 66.1 34.7 ; 99.1 434.1 , 127.0 450.2 160.8 325.3 205.9 109.0 124.4 101.7 106.6 111.5 90.4 108.9 125.9 71.8 56.8 51.9 55.7 27.2 24.3 33.3 61.7 83.1 88.9 102.1 126.5 193.4 153.5 84.8 122.1 176.7 251.3 103.3 72.3 203.3 270.1 114.3 72.4 116.5 199.6 164.7 132.2 56.3 79.5 132.9 110.5 151.2 175.2 120.4 117.3 103.0 93.8 153.6 140.2 60.0 56.7 55.5 64.4 77.7 43.4 45.2 36.1 86.1 74.2 35.6 24.4 101.0 96.0 77.0 53.9 141.2 158.3 48.7. 21.4 85.0 Water- CantaCelery. melon. loupe. VegeGrains. tables. Fruit. Cotton Miscelprod- lane- Total. ucts. ous. 91.4 1920. 119 7 83 9 100.6 71.5 January Fobruarv March April 40.2 Mav June julv August 3.8 8.0 60.0 September . October November December .... 245.0 292.0 232.5 164 7 6.5 131.4 520.2 514.5 59.7 16.6 8.6 0.3 0.9 0.4 0.5 2.7 14.5 183.7 285.7 366.9 52.5 256.8 180.1 132.6 474.5 765.4 111.0 0.5 573.3 429.5 92.1 18.7 284.4 121.7 9.8 1.8 25.9 369.1 289.5 373.8 1921. 178 0 142.1 103.1 69.3 Janu&rv ITebruarv March April 37.9 1.5 5.8 2.7 5.9 3.4 2.4 22.6 77.6 139.5 137.0 110.1 140.7 196.7 311.9 325.1 326.6 161.3 227.8 363.3 155.2 88.6 164.7 82.4 22.0 67.3 47.5 19.6 25.5 49.0 42.2 437.0 757.3 467.3 231.5 63.9 30.0 92.2 320.5 251.4 340.0 75.3 1.9 4.3 126.0 241.5 111.2 87.4 44.3 216.5 230.7 158.6 147.7 201.3 192.7 268.3 255.9 327. 7 211.4 0.4 0.4 130.5 151.6 104.9 60.1 303.1 185.6 71.3 114.4 6.4 111.0 97.5 298.8 887.0 254.5 May June July August 21.1 166.7 2.7 September October November December 249.4 285.3 160.4 160.7 1.9 1.3 6.6 1.3 0.2 0.1 15.3 113.0 178.6 634.1 626.3 545.5 73.8 0.2 465.7 139.6 27.8 8.6 | 114.0 6.3 0.7 1 1922. March April May 150 2 133 6 134.5 91.3 49.4 2.5 15.6 36.4 361.3 1,891.9 01 1.3 0.6 0.1 22 TREND OF BUSINESS MOVEMENTS. The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered to make clear such distinctions and in general to facilitate the use of the table: April, 1922.—This column gives the April figures corresponding to those for May shown in the next column—in other words, cover the previous month, and in some cases, where indicated by a footnote, refer to the previous quarter; that is, ending December 31, 1921. May, 1922.—In this column are given the figures covering the month of May, or, as in the case of stocks, etc., the situation on May 30 or June 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter ending March 31 or the condition on that date. Where this column is left blank, no figures for May were available at the time of going to press (July 6). Corresponding month, April or May, 1921.—Thefiguresin this column present the situation exactly a year previous to those in the "May, 1922," column (that is, generally, May, 1921), but where no figures were available for May, 1922, the April, 1921, figures have been inserted in this column for comparison with the April, 1922, figures. In the case of quarterly figures, this column shows the corresponding quarter of 1921. Cumulative total through latest month—These columns set forth, for those items that can properly be cumulated, the cumulative total for the first five months of the calendar years 1921 and 1922, respectively, except where the May, 1922, figures are lacking, in which case the cumulative total for four months in each year is given. Percentage increase ( + ) or decrease ( —) cumulative 1922 from 1921.—This column shows the per cent by which the cumulated total for the first five months of 1922 is greater ( + ) or less ( —) than the total for the corresponding period of 1921. Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period stated in this column. Wherever possible, the year 1913 is taken as a base, and if no prewar figures are available, 1919 is usually taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921 and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase ( + ) or decrease ( —) May from April.—The last column shows the per cent increase or decrease of the figure for the last month compared with the preceding month. !j NUMERICAL DATA. N O T E . — I t e m s m a r k e d with a n asterick (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the J u n e n u m b e r (No. 10). For detailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 9). ApriL, 1922 May, 1922 CUMULATIVE TOTAL THROUGH LATEST MONTH. Corresponding month April or May, 1921. 1921 INDEX NUMBERS. j Per !centage ! increase 1922 !l (+) or decrease (-) cumulative 1922 from 1921. BASE YEAR || OR ij PERIOD. S ••! Percenta g e increase 1922 1921 ( V or dej" li crease i May j A p r . May.! F e b . M a r . \ A p r . M a y . from April. TEXTILES. Wool. Consumption by textile mills i thous. of l b s . . 57,164 52,720 1913 132 i 141 158 176 130 1913 1913 1913 1913 42 860 272 516 Receipts a t Boston: Domestic thous. of l b s . . 9,655 16,717 7,851 Foreign t h o u s . of l b s . . 24,539 24,255 12,193 Total thous. of l b s . . 34,194 40,972 20,044 t h o u s . of l b s . . 38,988 32 956 14,745 Looms, wide per ct. of hours a c t i v e . . 58.4 62.4 80.1 | Looms, narrow per ct. of hours a c t i v e . . 53.4 55.2 69.9 I Imports, unmanufactured 27, 189 177,765 204, 954 242,239 Machinery a c t i v i t y : 64, 503 102, 741 167,244 165,001 + - 137.2 42.2 18.4 31.9 58 j 231 I 107 | 117 ! 99 224 135 220 81 I 72 j 124 :,+ 73.1 550 465 ; 460 '- 1.2 213 ! 182 | 218 + 19.8 340 ! 308 i 261 !!- 15.5 1 Looms,carpet and rug.per ct. of hours a c t i v e . . 74.8 75.5 44.1 H920-21 11 113 11920-21 11 82 Sets of cards per ct. of hours a c t i v e . . 86.2 89.7 80.2 I 11920-21 i Combs per ct. of hours a c t i v e . . 72.7 79.2 98.6 11920-21 I 123 96 ! 102 108 103 122 114 | 96 | 99 95 | 166 169 162 ! 163 128 I 134 141 I 137 ! 143 94 | 103 128 ! 126 107 Woolen. per ct. of hours a c t i v e . . '84.8 88.6 81.4 Worsted per ct. of hours a c t i v e . . 62.1 65.3 89.6 11920-21 11920-21 122 121 129 j 129 136 125 ! 115 99 1913 1913 1913 1913 1913 99 118 100 97 68 103 122 108 103 69 1913 1913 1913 1913 1913 107 150 155 157 198 149 ! 174 96 134 150 146 | 173 177 j 173 ! 186 161 j 167 161 | 167 I 174 145 | 145 157 ! 145 145 184 I 198 189 184 184 ij 1920-21 | 120 i 131 ! 125 119 ;;+ 6.3 !:+ 3.1 j | + 0.6 ij + 4.4 ;i+ 9.6 140 ;! + 4.5 Spinning s p i n d l e s 134 87 I 91 j!+ 4 . 6 Looms and spindles: Woolen spindles per c t . of active t o t o t a l . . 86 79 | Worsted s p i n d l e s . . .per c t . of active to t o t a l . . 62 67 90 i Wide looms per ct. of active to t o t a l . . 60 63 80 ! Narrow looms per c t . of active to t o t a l . . 64 65 75 I Carpet looms per c t . of active to t o t a l . . 79 78 47 ! dolls, per l b . . Unwashed, fine Ohio, B o s t o n . . .dolls, per l b . . 0.248 0.290 .38 .41 .32 1.30 1.35 1.25 0.160 Worsted yarn dolls, per l b . . Wool dress goods dolls, per y d . . .815 .815 .885 i Men's suitings dolls, per y d . . 2.835 3.060 2.925 I 1 Twelve months' average, November, 1920, to October, 1921, inclusive. 108 | 112 |'+ 88 100 99 116 116 3.7 + 8.3 + 4.9 + 1.1 116 115 - 0. i Prices: R a w wool t o producer 104 j 109 101 116 | + 16.9 |j+ ! + 7.9 3.8 0.0 + 7.9 23 TREND OF BUSINESS MOVEMENTS—Continued. INDEX NUMBERS. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 10). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). Percentage increase 1922 ( -y or decrease (-) May. May from April. TEXTILES—Continued. Cotton. Consumption by textile mills bales.. Stocks, end of month: Mills thous. of bales.. Warehouses thous. of bales.. Visible supply thous. of bales.. Imports, unmanufactured bales.. Exports, unmanufactured bales.. Manufactured goods: Cotton cloth exports thous. of sq. yds.. a 51,615 a 60,448 ij 39,767 Fabric consump. by tire mfrs... thous. of lbs.. 8,624 10,161 ' 7,864 Elastic webbing sales thous. of yds.. 11,815 ij 12,040 Machinery activity: SpindlesActive thousands.. 31,389 Total activity mills, of hours.. 6,636 Activity per spindle hours.. 180 Prices: Raw cotton to producer dolls, per l b . . 0.159 Raw cotton, New York dolls, per l b . . 181 Cotton yarn dolls, per l b . . 350 Print cloth dolls, per yd.. 060 Sheeting dolls, per yd.. 091 Knit Underwear. Production Orders received Shipments Cancellations Unfilled orders, end of month thous. Silk. Imports, raw Consumption, raw Stocks, raw, end of month. Prices, raw, Japanese, N. Y + 10.9 1 106 145 98 71 65 -2.6 - 20.3 - 11.7 - 5.3 I - 23.4 163 !+ 17.1 152 + 17.8 I doz.. 744,300 | j doz.. 411,300 j 814,500 j 472,500 2,260,800 I 3,274,200 i + 44. doz.. 535,500 | 500,400 i 437,400 ; 1,561,500 j 3,012,300 j + 92.9 doz.. 22,500 | 18,900 ! 9,000' 29,700 | 78,300 1+163.0 of doz.. 1,607 I 1,316 thous. of lbs.. bales.. bales.. dolls, per l b . . + 11.1 2,574 | 4,217 4,435 14,531 24,247 | 33,284 , 27,209 120,395 140,131 •+ 16.4 19,268 : 20,826 20,541 203,573 7.203 5.635 37,200 | 56,007 15,212 | 22,120 43,513 214,577 23,486 124,016 1,380 2,747 2,843 2,307 3,099 ; 1,221 8,363 1,388 9,149 149 970 479 813 6.517 I 16,144 Burlap a n d Fiber. Imports: Burlap Fiber (unmanufactured) thous. of lbs.. long tons.. - 5.1 98,280 - 26.2 METALS. Iron and Steel. Iron ore movement Production: Pig iron Steel ingots Merchant pig iron: Production Sales Shipments Unfilled orders Stocks, merchant furnaces Stocks, steel plants Exports (comparable)t Imports thous. of short tons.. thous. of long tons.. thous. of long tons.. thous. thous. thous. thous. of long tons.. of long tons.. of long tons.. \ of long tons..! ! thous. of long tons.. j thous. of long tons..! thous. of long tons.. thous. of long tons..' 81 2,072 2,794 j | 247 | 792 | 379 j 1,484 | 445 154 185 19 | i | j 250 i 387 | 408 I 1,421 j 334 j 131 | 188 |. 23 114. 179 1,460 - 48.6 9,682 '+ 15.8 12,420 + 35.8 1,171 + 20.7 2,172 +353.4 1,620 + 99.3 1,103 693 210 143 13 1,477 43 804 - 45.6 81 + 88.4 + + 11 3 10.9 + 12 - 51 1 + 7.7 - 42 + + 24 9 14 9 16 21 1 a Beginning with January, 1922, figures are in square yards. For the present these are compared directly with linear yards in earlier months, Stated in square yards, the total will probably average slightly less than in linear yards. 2 Six months' average, July to December, inclusive. 3 Eleven months' average, February to December, inclusive, 24 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were April, given in the June number (No. 10). For de- 1922 tailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). MET ALS—Continued. Iron a n d Steel—Continued. Unfilled orders, Steel Corp., end of month thous. of long tons. Foundry production, Ohio per ct. of normal. Wholesale prices: Pig iron— Fdry. No. 2, Northern.dolls, per long ton. Basic,Valley furnacef -dolls, per long ton. Steel billets, Bessemer dolls, per long ton. Iron and steel dolls, per long ton. Composite pig iron dolls, per long ton. Composite steel dolls, per 100 lbs. Composite finished steel dolls, per 100 lbs. Structural steel beams dolls, per 100 lbs. Corresponding month April or May, 1921. May, 192* CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 INDEX NUMBERS. Percentage increase 1922 or decrease (-) cumulative 1922 from 1921. BASE YEAR OR PERIOD. 1921 1922 or decrease (-) May Apr. May. I Feb. Mar. Apr. May. from April. 76 193 5,482 19.34 1913 1921 79 93 93 25.76 24.60 34.00 36.51 23.91 2.18 2.11 1.60 25.36 22.00 37.00 43.32 24.47 2.93 2.76 2.20 1913 1913 1913 1913 1913 1913 1913 1913 167 156 145 167 107 170 165 147 158 150 144 165 159 170 166 146 21 13 70 54 16 75 57 18 1913 1920 1920 60 125 53 13 32 i 4 I 515 497 102 124 ! 167 121 1920 1920 22 20 29 I 17 41.8 38.2 25.3 96.4 19.0 1920 1920 1920 1920 1920 47 49 61 38 713 89,610 16.1 1921 1921 U921 1913 111 118 5,097 48.40 5,254 22.71 20.00 29.50 34. 42 20.77 2.16 2.08 1.50 Percentage increase 70 151 131 122 109 125 125 122 122 96 + 3.1 234 142 136 114 131 135 126 125 161 167 132 139 155 127 127 106 + + + + + + + + 13.4 23.0 15.3 6.1 15.1 0.9 1.4 6.7 Locomotives. Shipments :f Total Domestic Foreign Unfilled orders:f Domestic Foreign number.. number.. number.. number.. number.. 818 563 255 248 - 69.7 153 - 72.8 - 62.7 23 + 233.3 49 +315.4 18 + 100.0 - 3. + + - 15.5 17.2 16.4 10.9 37.4 Finished Iron and Steel. Sheets, blue, black, and galvanized: Production per ct. of capacity.. 75.2 86.6 Shipments per ct. of capacity.. 84. 2 i 72.3 Sales per ct. of capacity.. 107.7 69. 8 | Unfilled orders per ct. of capacity.. 161.0 144. 2 i Unsold stocks per ct. of capacity.. 13.9 8. 7 ! Steel barrels: Shipments barrels.. 200,214 225,372 , Production per ct. of capacity.. 36.1 42.2 I Unfilled orders barrels.. 350,445 j 416,477 j Structural steel, sales long tons.. 165,900 146,900 +178.1 94 84 183 44 813 103 99 177 55 604 119 116 148 49 378 91 97 106 88 150 159 120 156 179 207 149 185 201 243 178 164 57 53 42 33 826 I + 12.6 I + 17.4 | + 18.8 ! - 11.5 50,823 216,755 j 602,900 76,601 70,145 .126 88,714 I 24,235 326,906 229,,c09 I 290,434 ; ! - 11.2 319,881 + 39.2 1913 1913 1913 50 59 79 24 46 82 37 75 82 61 115 81 75 100 80 87 + 15.8 S9 - 10.3 84 + 4.8 thous. of lbs.. I 51,012 thous. of lbs.. 103,456 thous. of lbs.. 15,854 thous. of lbs.. 13,132 dolls, per l b . . .052 54,838 36,052 80,818 171,624 27,065 jl 8,594 24,323 ! 18,985 .055 .054 188,004 | 251,352 93,218 + 35.0 122,143 + 20.7 57 200 33 62 90 62 211 31 67 92 78 158 39 110 83 92 148 73 ?8 127 57 46 90 95 69,043 101,162 1913 1913 1913 1913 1913 53,197 +245.7 1913 1913 1913 132 15,388 139 21 72 97 68 167 165 65 148 110 104 - 48.5 89 - 19.3 + 1.3 87,114 + 90.8 39,590 + 63.3 1913 1913 1913 163 62 97 243 78 113 212 78 107 369 84 107 282 70 116 372 + 31.8 124 + 77.7 126 + 7.8 + 1.2 - 42.1 - 17.0 + 17.2 1913 1913 1913 1913 71 101 12 143 83 101 11 150 103 89 20 169 126 115 26 202 40 19 210 + + 15 240 + 18,497 ' + 11.4 1919 100 101 107 118 111 117 + 5.5 62 1 ij Copper. Production Exports Wholesale price, electrolytic thous. of lbs.. thous. of lbs.. dolls. per l b . . I Zinc. Production Stocks, end of month Receipts, St. Louis Shipments, St. Louis Price, slab, prime western Tin. Stocks, end of month Imports Wholesale price, pig tin 62,891 .132 32,259 \ .128 : I long tons.. thous. of lbs.. dolls, per l b . . 3,731 10,526 . 305 1,921 8,490 .309 2,571 2,022 .322 Lead. Receipts, St. Louis thous. of lbs.. 15,434 Shipments, St. Louis thous. of lbs.. 6,108 Wholesale price, pig, desilverized... dolls, per l b . . j .051 20,344 10,856 .055 13,308 6,819 .050 45,660 24,244 20,501 35 432 2,537 33,255 7,479 390 1,590 163,078 37,699 3,296 9,047 3,264 16,606 + 33.7 + 7.5 21.9 + 70.7 + 85.2 + 5.8 FUEL AND POWER. Coal a n d Coke. Production: Bituminous coal Anthracite coal Beehive coke By-product coke Public-utility electric power a thous. of short tons.. thous. of short tons.. thous. of short tons.. thous. of short tons.. 15,780 26 528 2,227 mills, of kw. hours.. Six months' average, July to December, inclusive. 3,800 1] 4 165,025 21,838 2,737 10,599 Ten months' average, March to December, inclusive, 6 51 Index number less than one. 29.9 34.6 18.2 13.9 25 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA N O T E . — I t e m - m a r k e d witli an ast risk (*) have not boon p u b l i - h e d p i w i o u - d v hi he S U R V E Y or are repoate-1 fur >p<vial TV\.-<-'U^: •tailed fable., covering back l i g ' h ^ for !hfw> ionis will be found a' t h e e u u of i h i - b;illr>;i . For items i a b l e . Yore m a r k e d w i i h a dagger g i \ e n in the .June'number > .V>. 10; For <!,.. tailed tables covering other Hems, see the la~t quarterly is-ue of the SUR\ EY ( N O . 9;. CUMLLATIVi: TOTAL THROUGH LATEST M^XTH. ( oireSpolN.tApril, May. 192-2' j 0*22 month April or May. 1921. INDEX Per•'Mitage joo.> . huive 1922 Per, centag© increase • 19-21 RASE YEAR •••iimu- 1921 NUMBERS. rj or decrease ___ j , • May A n r . ' M a v . F e b . Mar. A p r . M a w f rom * j * . .April. from 1921. FUEL A M ) POWER- Coafinued. Coal and. Coke S; orage, anthracite Co if inutd. t hous. of long to 1921 133 125 104 Exports: Bituminous t^ous. of long t o n s . . Anthracite thous. of long tons.. Coke l hous. of long t o n s . . i 15 K -9 2s olls, per short t o n . . 3.00 ; d"lls. per long ton ton.. o.oo 340 01 2, 500 434 8,610 22 10 125 V'91 3,TOO 57.0 1909-1913 228 74 108 05 . 904 43.0 1909-1913 151 95 102 38 21 — 44.0 137 9.0 1909-1913 21 44 34 3^ 30 - 21.4 214 -f 30.0 31 - 52.4 Wholesale prices: Bitumino;:Anthracite, chestnut Coke, Connelsvillc olls, per short ton.. 4.70 (f<) 4.48: 0.00 : 4.S5 1913 221 221 104 104 164 10.24 1913 191 193 2011 200 201 3.33 1913 152 130 ; 125 J33 1-3 • 246 + 33.9 Retail prices: olls, per short t o n . . Bituminous 10.39 191 Anthracite — Stove dolls, per short ton 14.V9 14.84 Chestnut dolb. per short ton 14.94 14.91 14.79 101.3 192 191 1913 193 193 193 192 - 1M) 1^9 1*9 1>:N - 0.2 I). 3 216 Petroleum. Crude petroleum: Production thous. of b b l s . . 44,035 40,473 41,9*5 Stocks end of m o n t h . . thous. of b b l s . . 234,800 245,030 155,207 ; 190,255 221,097 1913 193 203 197 225 1913 139 148 199 211 , 224 224 4- 4.1 233 • — 4.3 Consumption thous. of b b l s . . 42,093 49,572 41,391 i 217,*] 2 223,275 2.5 1913 195 190 182 210 i 193 227 ~ 17.8 Imports thous. of b b l s . . 11,059 14,018 9,14S 50,132 04,705 15.4 1913 osi 010 814 944 ' 7Sf> 945 S h i p m e n t s from Mexico thous. of b b l s . . IV'03 18, "J^7 > 1,252 S9,152 1913 744 050 781. 800 ' S37 S01 -L. Price, Kansas-Oklahoma dolls, per b b l . . 2. 250 2.250 1.500 ; 1913 161 241 241 241 1,442 1,511 , 1,405 | 1913 S8 72 Oil wells completed number.. 14,020 7,4-SO 0,570 420,215 j 1,094,030 - J2.2 S3 : 241 91 r 20.2 2.9 0.0 95 -f 4.8 Gasoline: Production thous. of g a l s . . 472,920 Exports thous. of gals.. Dome-tic consumption Stocks, end of m o n t h 121 143 i 143 124 172 ; 189 J24 88 133 ; 135 158 109 173 181 i 189 i 74 SO 1919 153 151 Ill 107 : 108 1919 128 129 120 134 ; 125 1919 137 151 171 102 1919 1919 108 1,7S8,O44 ••- 5.5 1919 129 136 248,437 254,071 -f 2.5 1919 185 130 thous. of gals.. 3;<5,5fi4 333,291 I 1, 190,402 1,300,447 4- S. 7 1919 116 t h o u s . of g a l s . . £92,208 747,223 \ 1919 58,007 55,824 39,859 [ ( Kerosene oil: Production thous. of gals.. 18^809 150,157 j Stacks thous. of gals.. 325,^30 45«,007 | 093,802 707,731 •r 2.0 1919 92 182 — 3.8 97 I Gas and fuel oil: Production thous. of gals.. 791,04:; Stocks thous. of gals.. 813,444; 3,141,005 .282.S01 : 3,259,945 3.8 ! 1,050,485 ; 167 Lu.bricai.ing oil: Production thous. of gals.. 72,945 Stocks thous. of gals.. 237,230 ' 70,457 j ! 307,801 2S9,773 ; 249,593 ; 98 • 104 ' 103 101 ' 147 : 147 PAPER AND PRIXTIXG. Wood Pulp. Mechanical: Production short tons.. 147,00* ; 107,107 | 97,903 J 059,138 600.31* ' + 1.1 1919 132 81 Consumption and shipment short tons.. 127,280 144.042 '' 89,182 j 562,681 001 ,.531 !-f 1919 74 Stocks, end of month short tons.. 159,712 i iS2,867 :: 220,089 ' 11,020 7,072 short tons.. 11,797 103 141 32,794 65,900 h 101.0 607 251 787,005 29.7 1919 590,147 789,922 33.9 1919 Imports 6.9 ; 1919 147 82 : 119 122 81 ' 108 i 105 104 82 : 90 138 + 13.3 119 + 13.2 119 + 14.5 71 - 1.4 42 56 ; OS i 73 90 ' 106 93 102 , + 9.8 70 I 72 89 j 104 96 105 100 ! 112 99 | 106 99 92 80 200 | 190 1909-1913 Chemical: Production short tons.. 149,859 , 104,497 Consumption and shipment short tons.. 153,542 i 108.095 [] 114,995 : Stocks, end of month short tons.. 53,184 ; 49.580 ', 00,127 Imports short tons.. 05,140 | 51,05S Newsprint Paper. Productiont Shipments! Importsf Exportsf 113,138 ' 1919 20,322 | ; ; short tons.. j 111,S01 129,950 : 7:>,S0s short tons..! 115,107 ; 130,043 ; >2,770 , short t ons.. | 77,307 I 81,352 | 44,238 j short tons.. 3,345 \ 2,570 .', 1,854 I | Stocks, end of month:! i| At mills 327,142 ;-j-197.5 52*,678 502,912 ( -j- 6.5 1919 101 69 85 I 103 522,243 5''»2,00"> : -f 1919 100 72 84 | 304,148 401,022 |-f 32.0 19J 3 351 241 9, 230 12,0-5 7. 0 - 30.9 1909-1913 51 1913 450 i 420 422 4^4 93 72 23 ' 7* + 5.2 - 23.0 93 138 + 1.9 130 110 ! U S 104 104 - 0.4 08 I 05 65 1919 1919 • 78 S 72 138 I 125 1919 ! 73 | 58 113 + 1 2 . 9 111 102 ; 100 5,438 1! 0,198 4 113 -I- 10.2 100 147 | short t o n s . . 112000—22 98 102 125 ! short tons.. 151,643 ] 150,443 |j 193,436 short tons.. 30,243 | 35,776 i 23,804 • No quotation. 6.8 - 20.7 1919 Publishers In transit to publishers 202 19! 9 Jobbers 5,008 ! 25 i short t o n s . . 212,427 ! 210,438 \\ 254,030 ; short t o n s . . 24,874 | 24,7X1 / 31,198 ' Total 109,952 + 9.5 - 112 j 108 66 I 67 63 - 4.1 9i 97 - 0.8 74 87 + 18. ii 26 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 10). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). April, 1922 May, 1922 Corresponding month April or May, 1921. INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL THROUGH or deLATEST MONTH. I crease cumulative 1922 from 1921. 1921 1922 731,870 827,240 -}- 13.0 1921 BASE YEAR OR PERIOD. Percentage increase 1922 (+) or decrease May Apr. ! M a y . Feb. Mar. Apr. ! May. from April. PAPER AND PRINTING- Continued. Newsprint Paper- Continued. Consumption! Prices :f Contract, domestic Contract, Canadian Spot market, domestic short tons.. 176,801 dolls, per 100 lbs.. dolls, per 100lbs.. dolls, per 100 lbs.. 174,670 152,278 3.541 5.248 5.497 5.056 3.570 3.497 3.548 3.501 3.548 1919 | 104 [ 107 1919 j 145 i 141 1919 151 | 151 1919 | 121 | U S j 95 84 1.2 - 0.8 : + 0.1 0.0 I Printing. Activity, weighted Paper purchases, quantities Paper purchases, value Sales 96 96 S3 97 123 - index index index index number number number.. number Other Paper. Book:f Production short tons.. 70,507 82,574 Stocks short tons.. 37,367 39,491 Paperboard:f Production short ton3.. 164,327 176,790 Stocks short tons.. 69,756 65,702 Wrapping :f Production short tons.. 61,562 71, 494 Stocks short tons.. 68,401 70,906 Fine:f Production short tons.. 27,420 30,129 36,985 Stocks short tons.. 35,806 Total, all grades (including newsprint): t Production short tons.. 528,461 589,971 Stocks short tons.. 284,862 285,729 Exports (total printing) short tons.. 4,512 3,893 52,642 284,923 373,844 i+ 31.2 39,639 122,801 620,348 832,327 jj+ 34.2 67,979 53,084 59,503 245,648 17,485 41,143 94,172 331,023 + 34.8 140,963 ij-f 49.7 383,995 2,075,218 2,720,304 j! + 31.1 291,089 23,558 17,004 !|- 27.8 2,894 Sept. ,1920 1918 1918 1918 75 79 92 152 1919 1919 67 121 69 125 91 124 1919 1919 79 130 J 125 118 1919 1919 89 107 107 10S 1919 1919 55 ! 61 ; 93 97 109 112 1919 1919 1919 82 124 21 74 123 17 53 | ; ! i 57 } 85 67 j 104 77 i 91 141 133 92 109 88 101 91 116 £9 ' 102 ||+ 14.6 103 139 175 157 j|+ 12.9 102 92 121 118 125 + 5.7 118 101 109 + 7.6 132 128 121 - 5.8 121 106 124 + 16.1 119 125 130 + 3.7 105 + 9.9 100 + 3.3 102 I i 95 i 115 ! 102 97 95 -t- 8.0 116 1+ 14.9 108 j + 17.1 114 j;+ 11.6 121 I 119 I 120 :+ 115 23 I 10 29 j 0.3 25 !- 13.7 Paper Boxes. Corrugated board: f Production (Container Club)., thous. of sq.ft.. 116,198 Production o thous. of sq. ft.. 34,916 Machinery activity, t per cent of normal.. 60 Solid fiber board:f Production (Container Club), .thous. of sq. ft.. 55,625 Production o thous. of sq. ft.. 14,659 Machinery activity per cent of normal RUBBER. Crude: Imports Consumption by tire mfrs Wholesale price, Para, N. Y Tires: ProductionPneumatic Solid Innertubes Domestic shipments— Pneumatic Solid Inner tubes Stocks, end of m o n t h Pneumatic Solid Inner tubes 120,972 41,156 64 56,438 44,154 45,071 240,508 510,528 + 112.3 173,359 1919 53 182,043 255,065 + 40.1 61,762 !| , 1919 93 264,105 + 112.4 119,613 + 84.7 1913 1921 1913 38 8,809 thous. of lbs.. thous. of lbs.. dolls, per l b . . 43,407 24,125 .171 35,727 29,068 .176 23,891 21,051 .179 124,332 64,766 thousands.. thousands.. thousands.. 2,401 47 2,651 2,722 58 2,971 2,101 35 2,210 6,439 137 6,976 11,908 + 84.9 233 + 70,1 13,579 + 94.7 thousands.. thousands.. thousands.. 2,087 52 2,329 2,639 2,086 61 40 2,939 . 2,343 7, 526 185 8,142 9,959 + 32.3 231 1+ 24.9 10,951 ! + 34.5 thousands.. thousands.. thousands.. 5,464 j 89 |i 100 ! 116 I: i 100 - 20.6 - 39.9 87 i 247 691 665 449 96 117 ij 103 149 135 22 22 20 20 21 1921 1921 1921 116 115 146 132 99 112 140 132 115 134 117 1921 1921 1921 94 ! 109 82 109 110 96 91 84 110 119 87 102 74 91 102 107 106 111 123 130 117 115 79 79 75 104 134 270 113 + 4.1 + 17.9 + 6.7 370 ! | - 17.7 162 ||+ 20.5 22 !|+ 2.9 150 ||+ 13.4 163 !'+ 23.4 132 !'+ 12.1 |l 138 !j+ 26.4 138 !j+ 17.3 128 j!+ 26.2 il 5,523 i 174 I 171 | 7,230 | 7,190 : 4,452 265 4,752 o Figures furnished by the National Association of Corrugated and Fiber Box Manufacturers, 96 ; 109 1921 1921 1921 108 153 I 158 jl 131 ii+ 1.1 74 - 1.7 157 - 0.6 27 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE,—Items marked with an asterisk (.*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables weie April, given in the June number (No. 10). For de- 19-22 tailed tables covering other items, see the last quarterly issue ( f the SURVEY ( N O . 9). AUTOMOBILES. Production: Passenger cars Trucks Shipments: .number.. number.. By railroad Corresponding month April or May, 1921. May, 1922 197,221 ; 231,699 jl 22,237 [ 23.094 || • ' i! j ' ' 31,334 34..324 18,608 ' 71,553 Driveav/ays number of machines.. 22,381 28.700 j 15,193 j 50,021 j Byboat number of machines.. 7,360 j 2,381 ' GLASS AND OPTICAL GOODS. Bottles, production index number Illuminating glassware: Net orders p e r c t . of capacit y . . Actual production p e r c t . of capacity.. Shipments billed p e r c t . of capacity.. Spectacle frames and mountings: Sales (value). index n u m b e r . . Unfilled orders (value) index n u m b e r . . I j | | j j | j ' 45.5 45.3 41.1 1922 (+) or decrease i Apr. May.' Feb. : Mar. Apr. May. from April. 79 50 111 143 84 168 J + 17.5 90 j| + 6.6 94 20 4 133 ! 150 43! 57 'i 164 ||+ 9.5 73 |j+ 28.5 157 li + 148.9 772,742 88,087 ;' 1919 1919 128,404 'i+ 79.5 85,710 + 71.4 11,209 +159.3 1920 1920 1920 89 39 51 4,20 1919 00 ! 81 May. 1921 May,1921 May,1921 100 I 98 100 j 138 100 i 136 i 43.4 41.1 1921 BASE YEAR OR PERIOD. Percentage increase | carloads.. VJG0 j INDEX NUMBERS. Per- I centagej increase 1 CUMULATIVE TOTAL (+) THROUGH I or deLATEST MONTH. crease (-) cumulative 1922 1922 1921 from 1921. 37.0 ! 31.9 j 30.8 I 265 1913 1919 248 j 233 54 ; 45 12S 82 j, 67 116106 145136 129133 123 r + 16.0 142 !j + 4.4 131 ||- 1.5 257 44 ; 3.1 | 0.8 37 !- 15.9 BUILDING AND CONSTRUCTION. Building Costs. Building materials: F r a m e house Brick house Building costs Concrete factory costs Hotel buildingcosts Loft ofiice building costs Subdivided office building costs.. index index index index index index .index numl >er.. number.. number.. number.. number.. number.. number.. 1913 1913 1913 1914 1914 1914 1914 213 176 179 183 179 1913 80 .;i 171 .j 174 162 211 152 172 158 176 160 181 156 177 177 174 165 152 159 162 157 170 172 165 157 160 164 158 176 | 172 | 3.5 0.0 1.2 7.6 0.6 1.2 0.6 167 I 169 161 166 159 ! | | ' Construction and Losses. Building volume index number Contracts awarded, floor space: Business buildings thous. of s'j. ft.. 10,419 Industrial buildings thous. of sq.ft.. 5,130 Residential buildings thous. of sq. ft.. 31,606 Educational buildings thous. of sq. ft.. 7,277 Hospitals and institutions thous. of sq.ft.. 805 Public buildings. thous. of sq. ft.. 249 Social and recreational bldgs.. .thous. of sq. ft.. 1,432 Religions and memorial bldgs. .thous. of sq. ft.. 1,092 Grand total thous. of sq.ft.. 58,140 Contracts awarded, value: Business buildings thous. of dolls.. 58,711 Industrial buildings thous. of dolls.. 24,312 Residential buildings thous. of dolls.. 132,478 Educational buildings thous. of dolls.. 36,719 6,584 Hospitals and institutions thous. of dolls.. 1,380 Public buildings thous. of dolls.. Public works and utilities thous. of dolls.. 75,251 Social and recreational bldgs...thous. of dolls.. 9,317 Religious and memorial bldgs. thous. of dolls.. 8,288 Grand total thous. of dolls.. 353,162 Fire losses thous. of dolls.. 31,010 Sulhernplne: Lumber. Production M ft. b. m . . 397,553 Stocks, end of month M ft. b. JR.. 1,159,422 Price, "B" and better..dolls, per M ft. b . m . . 41.35 Douglas fir: Production (computed) M ft. b. m . . 422,157 Shipments (computed) M ft. b. m . . 439,109 11.50 Price, No. 1 common.. .dolls, per M ft. b. m . . 9,841 5,032 5,941 3,543 31,604 18,804 6,101 4,068 045 1,179 | 273 480 j 1,451 2,381 1,952 715 59,639 35,731 57, 515 23,893 140,933 32,925 8, 437 2,506 63,817 20,260 11,966 302, ,'90 29,869 24, 494 20, 404 82, 982 24, 4«2j 3, 288 1 846 64, 999 9, 975 4, 497 242, 094 23, 957 | 477,898 387,736 jl,111,878 1,223,441 j 42.48 90 ,1 100 202 ! 150 179 ji+ 19.3 21,679 13,526 66,177 13,847 2,768 1,316 7,016 2,707 129,036 40,288 f 85.8 20,086 + 52.9 128,191 f 93.7 22,835 + 64.9 4,570 ' + 65.1 1,370 + 4.1 0,876 - 2.0 4,923 + 81.9 230,064 + 78.3 1919 1919 1919 1919 1919 1919 1919 1919 1919 55 27 89 174 179 234 215 61 28 93 244 175 158 115 101 77 68 19 82 121 270 53 62 142 05 97 I 33 ; 151 j 205 \ 218 I 219 I 108 179 ' 112 113, 228,920 102,903 1919 1919 1919 1919 1919 1919 1919 1919 1919 1919 1919 80 30 106 227 137 249 115 280 196 103 99 87 48 117 246 101 105 155 143 144 113 107 116 25 107 132 237 63 51 57 156 83 131 147 ! 174 57 '. 57 172 ' 187 257 309 160 202 170 123 124 180 118 134 156 265 137 164 178 138 08, 2*5, 81, 16, 10, 189, 48, 17. 839. 135 1,764,564 •1-100.8 +• 50.4 546,418 | + 91.2 120,396 33,351 7,435 230,993 48,102 33,383 1,353,182 168,757 + 47.4 i + 103.4 !- 28.9 !+ 21.7 j - 1.0 |+ 89.3 ' 61.2 + 24.2 2,073,300 j-f 17.5 : '\ 31.78 464,680 320,515 1,228,790 | 2,043,185 j+ 06.3 487,518 358,505 1,339,807 1,972,006 i+ 47.2 13. .50 j 11.50 1917 1917 1913 1917 1917 1913 1 ; | I ! I | i 92 87 88 101 89 91 133 138 i 189 178 i ! *> 98 136 113 40 157 380 235 145 113 246 125 107| - 5 . 5 47 !+ 15.8 157 I - 0 . 2 322 I- 15.3 320 ;+ 36.3 279 i+ 92.8 188 !+ 66.3 440 |+ 78.8 129 |+ 2.6 i 170 56 199 331 258 224 153 383 291 169 133 - 2.0 I- 1 . 7 !+ 6.4 - 10.3 + 28.1 + 81.6 - 15.2 + 117.5 i|+ 44.4 i|+ 2.7 ; - 3.7 113 |+ 20.2 81 ! - 4.1 184 |l+ 2.7 180 92 116 115 HI 107 114 ; 136 125 136 ; 124 \ 125 1 147 |j+ 17.4 121 133 li+ 10.1 151 ||+ 11.0 28 TREND OF BUSINESS MOVEMENTS—Continued. .NUMERICAL DATA. NOTE.—Tterns marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special rea-solis; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked wiih a dagger (f) detailed tables were given in the June number (No. 10). For detailed tables covering oilier items, sec the last quarterly issue of the SURVEY (NO. 9). BUILDING AND C O N S T R U C T I O N April, 1922 i 1;22 Corresponding month April or May, 1921. CUMULATIVE TOTAL THROUGH LATEST MONTH. Percentage! increase (+) j or dei crease YEAR OR (—) PERIOD. cumulative | 1922 i from ! 1921. !| | INDEX NUMBERS. 1921 | Per | centi! agein|i crease 1922 !! (+) I j or deii crea e Apr. May. i ft 1921 1922 178,672 118,449 ! 117,009 | 229,179 + 28.3 204,300 |+ 72.5 232,930 + 99.0 1918 93 126 169 1918 108 81 I! 132 150 126 184 i|+ 45.9 1918 100 98 |; i;;5 109 147 218 ; |-|- 48.2 77,111 j 99,014 | 117,030 149,115 + 50.6 1918 17 102 1918 72 95 1918 128 122 1917 70 21 41 1 52 21 29 J 38 71 55 | I 58 18 ' 34 j 24 | 48 j 57 i|+ 10.6 54 + 17.0 40 ' - 1.8 Feb. Mar. | Apr. May, ! from I! April. Con. Lumber—Continued. California redwood: Production Shipments Orders received California white pine: Production Shipments Stocks Michigan hardwoods:* Production Shipments Stocks Michigan soft woods:* Production Shipments Stocks Western pine: Production Shipments North Carolina pine: Production Shipments Northern hemlock: Production Shipments Northern hardwood: Production Shipments Exports, planks, scantling, joists flooring: Flooring. Production Shipments Orders booked Stocks, end of month Unfilled orders, end of month Maple flooring:* Production Shipments Orders booked Stocks, end of month Unfilled orders, end of month M ft. b. m . M ft. b. m . M ft. b. m . M ft. 1). m . M ft. b. m . M ft. b. m . 47,099 ; 03,102 |j 45,799 35,888 ! 52,378 |j 23,051 42,479 ! 02,945 II 28,394 19,149 ! 00,951 32,730 i 37, 878 287,452 ' 53,423 30,273 325,209 M ft. b . i n . . 13,402 | 14,479 I 10,780 M ft. b. m . . 10,790 i 11, SO*» ; 0,740 M ft. b. m . . 127,900 ! 130,444 j 157,938 89,020 34,107 M ft. b. m . . M ft. b. m . . M ft. b. m . . 9,559 0,5(38 8O,72S 37,212 109,200 293,088 73,942 302,917 8,893 ! 8,157 ! 49,710 I 9,S32 |i 9,540 || M ft. b. m . . 108,180 i 101,180 M ft. b. in.. 132,001 ; 07,042 - 25.2 51,297 + 49.1 1917 1917 19,727 M ft. b. m . . M ft. b. m . . 54,180 52,990 I 20,999 112,875 50,330 57,890 11 23,001 100,527 M ft. b . m . . M ft. b. m . . 24,793 | 27,187 19,038 88,010 21,913 ! 35,030 18,234 01,109 M ft. b. in.. 29,404 ; 30,932 M ft. b. m... 27,228 ! 27,971 M ft. b. m . . 132,807 ;135,953 45,902 212,083 10,715 C>0, 012 79,005 401,927 30,028 j - 17.7 35,009 |+ 80.5 1917 122 I: 00 55 1917 87 | 130 18 14 i 75 ! 95 | 103 30 142 ! 118 | 108 40 34 j + 34.1 110 jj+218.3 119 !:+ 15.7 84 !- 22.4 + 8.0 + 9.4 + 1.9 1917 76 51 I 413,500 + 40.8 588,259 );+ 94.2 1917 60 1917 07 37 j 59 I 96 81 ! 106 i 120 142 !|+ 49.0 152 jj + 26.9 252,840 + 124.0 231,030 + 130.4 1919 84 149 153 158 1919 08 128 i 150 150 155 \\— 2.2 180 V 15.0 100,271 104,392 19.9 70.8 1913 45 1913 47 154,093 - 27.5 131,774 +117.4 703,277 + 75.0 1913 179 102 84 | 137 | 104 109 1913 03 00 75 | 125 | 107 110 ||+ 2.7 1909-13 54 45 71 98,717 1913 153 189 259 101,593 1913 199 211 274 33 J 72 98 54 I I 08 i 90 | i 74 62.6 + 5.2 76 j!+ 2.4 Oak M ft. M ft. M ft. M ft. M ft. b. m._ b. m . . b.m.. b. m . . b. m . . 19,892 ; 21,914 12,009 41,072 22,227 25,251 12,702 45,305 29,951 I 30,008 23,534 11,809 49,185 1913 229 194 203 385 491 '35,704 1913 413 397 321 312 296 33,501 ! 40,417 9,240 1913 84 127 288 344 462 20,015 M ft. M ft. M ft. M ft. M ft. b. m... b. m . . b.m.. b. m . . b. m . . + 45.3 64.2 60,008 + 65.4 8,311 33,934 49,310 1919 74 7,903 31,217 51,205 1919 57 30,291 07 92 91 67 90 13,853 19,070 10,102 1919 61 72 57 84 32,174 28,793 31,890 1919 206 200 222 218 17,839 25,098 9,097 1919 21 31 37 1919 52 49 08 84 82 1919 51 45 59 76 76 1919 97 99 106 107 108 1919 38 41 70 84 89 1919 38 30 32 34 42 1919 24 17 30 37 i 47 52 6o | 1919 1919 106 99 86 88 I Ten months average, March to December, inclusive. 305 I 298 370 378 i f 9,093 ! 10,701 13,000 10,031 Clay firebrick: Brick. Production : thousands.. 41,440 i 40,794 | 24,958 188,311 Shipments thousands.. 38,458 ! 44,120 ! 22,791 101,550 Stocks, end of month thousands.. 150,292 !152,259 !i 137,178 New orders thousands.. 45,851 ; 51,041 j| 21,075 98,535 Unfilled orders thousands.. 39,402 | 45,300 33,830 Silica brick: Production thousands.. 9,830 34,880 12,233 j 2,442 Shipments thousands.. 10,485 | 10,704 '[\ 5,101 27,729 Stocks, end of month thousands.. 36,310 37,845 ij 41,385 Face brick: Production thousands.. 40,707 54,807 i 37,734 118,095 Stocks, in sheds and kilns thousands.. 144,223 121,540 121,185 Unfilled orders thousands.. 09,038 87,620 :| 41,298, ! Shipments thousands.. 47,320 50,433 i 30,474 100,551 Prices: Common red, New York dolls, per thous.. 14.50 10.75 8.74 Common salmon, Chicago.. .dolls, per thous.. 8.70 i 8.52 4 + 140.4 + 124.2 113,707 + 131.2 182,016 + 3.9 + 13.0 207,153 + 110.2 195,070 44,427 + 27.4 44,535 + 60.6 192,024 j + 02.0 175,044 + 74.1 1919 63 84 51 1919 137 130 170 98 1919 41 52 *1920 78 57 1913 229 221 1913 186 177 170 248 173 + + + + 10.2 13.6 2.2 11.0 20.6 ioo 115 135 180 00 !:+ 17.; |:+ 28.0 ||+ 37.7 |— 10.5 ji-f- 40. T 92 87 110 99 48 !:+ |+ ;!+ |'+ 1+ 12.9 14.7 1.3 11.3 15.0 + 24.4 + 2.1 + 4.2 56 ! 93 176 69 116 328 420 501 261 557 104 162 81 146 121 | 136 15.7 102 + 25.8 102 + 19.2 255 173 302 + 18.3 177 + 2.1 29 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 10). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). Correspondin^ A -1 1922 CUMULATIVE TOTAL THROUGH LATEST MONTH. At 1922J April or May, 1921. 1921 INDEX NUMBERS. Percentage ncrease or decrease (—) cumulative 1922 BASE YEAR OR PERIOD. 1922 1921 or decrease Apr. May. from 1921. Perage increase Feb. Mar. Apr. May. May from April. BUILDING AND CONSTRUCTION—Con. Cement. Production thous. of bbls.. Shipments thous. of bbls.. Stocks, end of month ... thous. of bbls.. Price, Portland dolls, per bbl.. 11,176 12,749 12,897 1.50 9,281 9,488 12,450 1.70 33,172 29,498 78 130 82 100 number 60 260 47,694 number number.. 107,566 150,475 35 011 99,525 35,717 143,684 135,444 429,410 +217.0 433,930 + 55.2 9,243 8,592 14,498 1.50 35,673 + 7.5 34,559 + 17.2 1913 1913 1913 1913 113 121 56 87 120 146 107 128 44 95 116 172 112 111 126 123 129 + 20.9 + 48.4 115 - 11.0 170 170 148 148 148 149 0.0 Sanitary Ware. Baths, enajnel: Orders shipped Stocks Orders received Lavatories, enamel: Orders shipped Stocks Orders received Sinks, enamel: Orders shipped Stocks Orders received Miscellaneous, enamel: Orders shipped Storks Orders received Sanitary pottery: Orders received 326 473 + 127 2 100 101 152 189 226 237 271 236 135 167 143 113 47 51 70 91 154 + 5.1 - 20.9 215 + 39.9 1919 1919 1919 129 114 154 199 222 235 84 84 73 90 75 56 67 63 93 130 188 1919 1919 1919 123 124 135 166 181 85 84 103 122 107 69 72 81 108 160 + 10.6 - 23.9 222 + 39.0 130 103 125 158 174 178 121 115 101 108 107 97 71 68 84 115 153 1919 1919 1919 number.. 101,482 number.. 104,543 number.. 138,757 107,708 78,062 192,546 52,323 117,422 46,686 279,634 245,095 575,732 + 134.9 number.. 98,905 number.. 135,071 number.. 140,620 109,377 102,747 195,503 67,487 105,916 63,250 297,411 446,583 + 50.2 275,511 587,485 + 113.2 number number number.. 49,402 85,528 63,910 50,644 77 788 80,341 29,341 91,737 28,661 160,330 219,235 + 36.7 135,352 282,098 +108.4 1919 1919 1919 number pieces per kiln.. 347 409 137 573 1,738 +203.3 1919 32 32 52 52 81 47,538 5 958 148,142 16 876 264,111 + 78.3 26 233 + 55 4 1919 1919 70 68 87 110 107 65 43 60 82 84 33,505 5,383 17,343 3,762 6,108 119,634 15,677 70,603 11,797 16,972 163,420 11,582 90,383 33,937 20,179 1909-13 1909-13 1909-13 1909-13 1909-13 52 78 82 71 75 51 79 44 29 25 + 6.1 - 25.3 262 + 38.8 200 82 + 2.5 - 9.0 192 + 25.7 95 + 17.9 89 + + 104 + 88 121 + 19.4 54.2 21.8 17.0 68.7 1.8 2.9 7.1 5.9 9.0 2.3 Abrasive Paper and Cloth. Domestic sales Foreign sales reams.. reams.. 72,930 7 745 H I D E S AND LEATHER. Hides. Imports: Total hides and skins thous. of lbs . 31,935 38,118 1,702 2,624 Calfskins .. thous. of l b s . . 19,907 Cattle hides thous. of l b s . . 16,348 8,708 7,228 Goat skins thous. of l b s . . 3,780 6,375 Sheep skins thous. of lbs Stocks, end of month: Total hidps and skins thous of lbs 346 277 339,977 Cattle hides thous of lbs 269,828 261,935 Calf and kip skins thous. of l b s . . 46 858 50 187 29,591 27,855 Sheep and lamb skins thous of lbs Prices: Green salted, packer's heavy .146 134 native steers dolls, per l b . . .134 Calfskins poimtrv No 1 dolls ner lb 131 Leather. Production: Sole leather Skivers Oak and union harness Finished sole and belting Finished upper Stocks, end of month: Snip and bpltincr Upper Stocks, in process of tanning: SOIP and bpltinc Ui)per Exports: Sole Upper 61 91 122 78 85 33 46 68 84 106 74 115 43 85 71 107 82 81 80 109 109 82 81 79 100 103 78 79 80 99 101 99 91 90 86 + 85 - .119 .169 1913 1913 55 72 65 87 76 90 73 72 73 69* 79 71 + + - 0 . 4 199 177 thous of lbs thous. ofsq. ft.. 477,709 196,639 452 651 204,137 420,712 100,258 170,179 99,609 164,434 111,662 162,498 1,070 6,578 + 28.0 +187.7 + 18.9 39 107 1,561 14,909 57,480 25,242 53,532 thous. of lbs. thous. of sq. ft. 26.1 1921 1921 1921 1921 1,321 16,099 90,813 22,576 67,275 thous of lbs thous of sq ft - 462,512 369,268 59,909 33,335 1,327 16,065 94,598 22,416 66,700 thous. of sides.. doz.. stufTed sides.. thous. of lbs.. thous. of sq. ft.. + 36.6 2,450 455 7,981 1 1,574 6,704 73,071 296,803 118,393 222,779 5,580 12,900 7,241 87,586 388,398 121,953 356,344 + 8.0 | I + 19.9 + 30.9 + 3.0 + 60.0 6,977 + 25.0 32,635 +153.0 1919 1919 1919 1921 1921 79 77 76 83 78 78 71 70 90 96 113 129 107 107 73 60 68 82 99 94 98 94 99 87 87 92 121 134 115 + 95 88 + 116 + 0.2 4.0 0.7 0.9 1921 1921 98 105 106 103 103 102 99 99 102 106 113 107 - 1.3 5.2 1921 1921 101 100 90 90 99 1 93 111 90 96 107 104 100 - 0.6 3.4 1913 1913 32 17 40 35 18 63 55 91 41 74 94 90 + 129.0 + 21.3 30 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were April, given in the June number (No. 10). For de- 1922 tailed tables covering other items, see the last quarterly issue of the SURVEY (No. 9). May, 1922 Corresponding month April or May, 1921. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 I N D E X NUMBERS. Per centage increase 1922 (+) or decrease (-) cumulative 1922 from 1921. BASE YEAR OR PERIOD. 1921 Percentage increase 1922 or decrease Apr. May. Feb. Mar. Apr. May. ft from April. H I D E S AND LEATHER—Continued. Leather—Continued. Prices: Sole, hemlock, middle No. 1 dolls, per lb.. Chrome calf,"B " grades dolls, per sq. ft.. Leather Products. Belting sales: Quantity thous. of lbs.. Amount thous. of dolls.. Boots and shoes: Production thous. of pairs.. Exports thous. of pairs.. Price, wholesale, men's black calf, blucher dolls, per pair.. .350 j .415 I .350 .415 .370 .525 1913 1913 376 613 309 1919 1919 572 27,194 463 26,902 515 538 6.50 6.50 7.00 5,177 2,145 - 58.6 131 195 131 195 124 173 124 158 0.0 0.0 124 ! 124 154 154 44 42 1919 1913 146 64 1913 225 225 217 1920 1920 1920 1920 32 30 90 14 87 108 1.1 + 11.2 213 209 209 0.0 66 70 63 111 117 65 67 59 106 59 61 57 105 - 9.3 - 9.1 -3.5 - 0.7 104 54 118 44 60 - 49.4 149 +114.5 CHEMICALS. Production: Acetate of lime thous. of lbs.. 7,836 7,107 Wood alcohol galls.. 418,271 380,237 Consumption, wood, carbonized .cords.. 44,451 42,917 Stocks, wood cords.. 898,529 892,602 Imports: Potash long tons.. 24,883 12,585 Nitrate of soda long tons.. 29,891 64,130 Exports: Sulphuric acid thous. of lbs.. 1,991 2,148 Dyes and dyestuf?s thous. of dolls.. 346 307 Total fertilizer long tons.. 87,311 158,149 Price index numbers: Crude drugs index number.. Essential oils index number.. Drugs and pharmaceuticals...index number.. Chemicals weighted index number.. Price, sulphuric acid 66° N. Y dolls, per lb.. .008 3,489 201,579 22,521 762,013 25,088 1,692,593 189,739 3,007 37,778 27,035 223,626 97,777 +261.7 146,103 - 34.7 1909-13 1909-13 788 397 54,518 ; 6,996 3,370 367,200 6,497 - 7.1 2,146 - 36.3 430,693 + 17.3 128 ; 102 163 324 350 + 7.9 1909-13 219 1909-13 1,286 1,370 111, 167 1,722 1,194 1,061 - 11.3 1909-13 53 i! 50 64 53 + 81.1 64 84 42,513 + 69.5 2,272,160 + 34.2 247,092 + 30.2 Aug.,1914 Aug.,1914 Aug.,1914 U914 1913 .009 138 168 135 140 95 NAVAL STORES. Turpentine: t Net receipts Stocks. Rosin:f Net receipts Stocks barrels.. barrels.. 13,139 11,081 28,659 4,601 barrels.. 58,015 barrels.. 255,326 93,019 251,823 58,293 312,507 168,325 25,768 j 62,627 55,393 - 11.6 38,418 : 294,845 + 75.2 U920 8 1920 136 | 139 165 j 136 129 I 115 148 143 90 SO II 124 21 107 155 135 116 156 80 177 135 117 158 84 177 135 116 159 + £0 0.0 0.0 0.9 0.6 4.8 86 36 188 +118.1 - 58.5 8 1920 •1920 52 150 104 156 149 79 141 104 127 166 + 60.3 131 - 1.4 12 - 29.5 + 2.3 FATS AND OILS. Total vegetable oils: Exports Imports Oleomargarine: Production Consumption thous. of l b s . . thous. of l b s . . 4,785 64,363 3,373 65,851 19,613 13,967 189,509 126,464 40,556 - 78.6 310,552 +145.6 1913 1913 74 213 65 34 234 36 380 16 301 thous. of l b s . . thous. of l b s . . 13,930 13,686 12,765 19,507 12,317 88,143 97,477 63,847 - 27.6 70,795 - 27.4 1913 1913 161 175 116 104 147 103 132 129 115 115 tons.. 45,970 23,319 129,624 1919 37 25 50 21 thous. of l b s . . thous. of l b s . . dolls, per l b . . 31,682 27,610 .115 23,801 12,389 .117 71,782 47,291 .072 - 49.9 1919 1919 1913 194 122 117 607,092 117 140 139 100 110 159 thous. of bushs thous. of bushs.. 198 45 290 87 598 422 1,991 891 1,251 - 37.2 434 - 51.3 1913 1913 45 147 73 730 300 1,050 465 + 55.0 542 - 48.4 1913 1913 108 - 6.7 - 49.3 Cottonseed. Cottonseed stocks Cottonseed oil: Stocks Production Price, New York 304,263 53 42 158 40 - 24.9 19 - 55.1 162 + 1.7 22 21 4 + 46.5 + 93.3 77 34 - 15.1 13 +182.7 Flaxseed. Receipts: Minneapolis . Duluth Shipments: Minneapolis Duluth thous. of bushs.. thous. of bushs 7 Average for fiscal year ending June 30. • Average for fiscal year ending April 30. 5 31 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have • not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be ! found at the end of this bulletin. For items marked with a dagger (f) detailed tables were j April, given in the June number (No. 10). For de- | 1922 tailed tables covering other items, see the last | quarterly issue of the SURVEY (NO. 9). ! CUMULATIVE TOTAL Corre- I THROUGH spond- ! LATEST MONTH. ing month April or May 1921 1922 1921. May, 1922 INDEX NUMBERS. Percentage increase (+) or decrease (—) cumulative BASE YEAR OR PERIOD. 1922 1921 1922 from 1921. Apr. I Percentage increase ( -y or decrease (-) May. Feb. Mar. Apr. May. May from April. ! FATS AND OILS—Continued. Flaxseed—Continued. Stocks: Minneapolis thous. of bushs.. Duluth thous. of bushs.. j Linseed oil: ! Shipments from Minneapolis.. .thous. of lbs.. Linseed-oil cake: Shipments from Minneapolis.. .thous. of lbs.. FOODSTUFFS. j Wheat. | 52 418 j 1913 1913 993 ; 81 1,419 ! 59 38,294 8,357 34,357 - 10.3 79,890 j 10,869 48,995! - 38. 7j Production, monthly estimate: i Winter thous. of bushs. .js607,333 "> 569,000 10 573,930 Spring thous. of bushs.. p 247,175 10 248,000 ! io 235,482 Total thous. of b u s h s . . 9 854,508 10 817,000 j|i0S09,412 14,267 •i 31,624 127,358 ! 64,858 E xports, including flour thous. of bushs.. 10,244 67,853 ! 26,875 Visible supply thous. of bushs.. 88,772 29,070 27,000 , 123,OS9 | 105,078 ! i Receipts, principal markets thous. of bushs.. 15,630 25,474 22,517 90,464 ! 73,164 Shipments, principal markets... thous. of bushs.. 10,684 Wheat flour: j 8,073 ; 42,864 44,782 ! + 8,406 Production thous. of bbls.. 7,823 ' 7,245 |i 7,989 37,279 ! 40,747 !+ Consumption thous. of bbls.. 6,898 5,500 11 5,100 Stocks thous. of bbls.. 5,700 Prices: 1.446 ]t 1.600 No. 1, northern, Chicago dolls, per bush.. 1.386 1.356 1.568 No. 2, red winter, Chicago.. .dolls, per bush.. 1.391 Flour, standard patents, 8.060 j 8.745 i Minneapolis dolls, per bbl.. 8.144 Flour, winter straights, 6.675 7.625 Kansas City dolls, per bbl.. 6.785 1913 Corn. 49.1 14.6 19.1 4.5 9.3 41 36 1909-13 1909-13 1909-13 1913 1913 1919 1919 131 130 96 118 266 52 86 113 1914 1919 1919 97 1913 1913 160 1913 103 121 208 82 74 91 -f 30.8 - 44 61 I 55 4,159 29 3 54.0 52 1913 6,069 4,452 22 ( 58 | 38 5 | 176 7,952 426 j 51 I 31 40 52 ji+ 31.0 14 | 15 + 7.0 129 101 124 ! 119 120 86 132 173 j - 6.3 ||+ 0.3 j _ 4.4 ;+ 39.3 I 1 - 23.6 92 |+ 86.0 50 54 ! 128 + 138.4 138 | 101 | 92 210 72 58 121 194 64 71 + + 58 83 3.2 5.0 3.5 87 98 54 100 100 97 119 80 ! 64 81 175 159 153 ; 148 152 158 + 140 I 138 141 138 - 2 . 5 j| 173 191 174 i 170 178 176 I - 1.0 174 176 176 174 ! ; - 1.6 527 | 543 446 268 - 39.9 533 : 607 470 371 - 21.1 98 63 141 85 , 60 4.3 jj 1913 ! 181 198 | Exports, including meal thous. of bushs.. Visible supply thous. of bushs.. Receipts, principal markets thous. of bushs.. Shipments, principal markets.. .thous. of bushs.. Grindings (starch and glucose)., thous. of bushs.. Prices, contract grades, No. 2, Chicago dolls, per bush.. 18,817 39,502 14,552 12,019 4,211 11,306 i 31,170 J 27,083 j 23,691 4,705 . 588 8,694 17,708 21,319 21,282 | 47,247 | 94,750 i|+ 100.5, '. j 132,377 i 183,097 j,+ 38.3 | 86,827 | 120,836 ; + 39.2 4,696 j .618 19,124 26,726 + 39.8 1913 1913 1919 1919 1913 250 303 77 154 99 i 1913 .616 I. 206 211 142 241 112 97 , 181 :+ 86.1 359 I 207 360 ! 270 136 I 268 142 I 159 100 91 ; 112 99 + 97.1 + 11.7 + 5.1 115 105 i - 9.1 45 321 275 67 103 + 108.6 - 14.1 + 52.5 104 107 + 2.5 105 100 - 4.8 94 92 ! Other Grains. Oats: Production, monthly est Receipts, principal markets t Visible supply Exports, including meal Prices, contract grades, Chicago Barley: Production, monthly est Receipts, principal markets t Exports. Price, fair to good, malting. Chicago Rye: Production, monthly est Receipts, principal markets t Exports, including flour Price, No. 2, Chicago.... 1909-13 ii thous. of bushs.. »l,304,664 101,187,000' ioi;328,937|. thous. of bushs.. thous. of bushs.. thous. of bushs.. 9,371 55,837 2,035 dolls, per bush.. . 393 thous. of bushs.. 9191,246 ' thous. of bushs..! 1,881 thous. of bushs.. 1,002 dolls, per bush.. . 640 19,544 12,855 I 47,950 30,114 |. 3,104 619 i 3,044 78,649 : + 19.4 8,856 j +190.9 182,000 2,551 | 13,628 ' 6,971 1,015 ; 1913 | 177 I 173 1913 i 1909-13 io 184,288 2,933 1913 1913 .392 .403 1 65,872 12,728 | 3,739 - 6.6 46.4 124 117 47 | 16 | 21 101 ! ! 62 105 74 87 405 ; 371 1 4 '< 104 106 105 101 1913 1913 26 36 32 57 101 103 ; 94 32 + 55.9 + 1.3 458 j .679 ] 1913 102 105 102 109 + 6.1 231 235 + 1.5 .657 i . thous. of bushs.. 980,815 1909-13 ; 203 j 200 10 82,000 [ 0 69,956 thous. of bushs.. thous. of bushs.. dolls, per bush.. 8 1,417 3,945 1.043 As of June 1. 4,564 5,491 1.056 i j 1,369 i 2,055 j 1.467 7,818 15,263 12,091 ; + 54.7 12,753 j - 16.4 1913 1913 1913 io A s of I 119 j 106 123 780 1,376 1,329 I 211 i 231 156 July 1. 251 +322.1 + 39.2 164 j 166 i + 1.2 110 : 353 615 2,545 3,543 160 32 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were April, given in the June number (No. 10). For de- 1922 tailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). May, 1922 Corresponding, month April or May, 1921. (+) CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 INDEX NUMBERS. Percentage increase i 1922 1921 BASE YEAR OR or decrease (-) cumulative 1922 from 1921. 1 Per1 centage increase 1922 '\ or de; crease PERIOD. i May Mar. Apr. May. i from I April. Apr. j May. Feb. FOODSTUFFS—Continued. Total Grains. Total production, estimate - -. .millions of bushs.. 9 6.146 Total grain exports, incl. flour.. .thous. of bushs.. 36,043 Car loadings of grain and grain products.... cars.. 32,874 105,945 | 105,515 1 35,183 j 43,450 j 187,574 42,720 38,214 | 185,870 1909-13 118 116:, 1 j 130 186 209 || 170 I 202 j 174 ! 86 98 j| 131 ! 106 I 84 184,956 | j - 1.4 1913 11 218,437 jj + 17.5 1919 3,662 j!- 9.9 1919 1919 160 1919 136 125 ] . - 3.3 170 1;- 2.4 110 + 30.0 Other Crops. Rice: 309 91 I 1,144 Receipts at mills (rough) thous. of bags.. 48,181 | 142,026 Shipment total from mills thous. oflbs.. 49,948 Shipments, through New 20,020 : 38,423 Orleans thous. of lbs.. 16,154 Stocks, end of monthDomestic, at mills and 97,242 j 149,321 dealers ...thous. oflbs.. 133,590 17,691 j 11,743 Foreign, in warehouses .. .thous. oflbs.. 11,712 4,900 8,858 | 7,618 Imports ...thous. oflbs.. 24,892 !' 52,425 Exports ...thous. oflbs.. 36,334 Apples: Production, monthly est.. thous. of bushs.. 179,810 10190,000 | 10102,190 ' 944 ..thous. of bbls.. 384 ' Cold-storage holdings 445 1,780 j 1,160 I j 1,476 Car-lot shipments carloads.. Potatoes, car-lot shipments carloads.. 19,203 I 19,795 i' 14,818 2,135 3,090! Onions, car-lot shipments carloads.. 2,559 5,798 [ 7,225 Citrus fruit, car-lot shipments carloads.. 8,720 4,063 582,608 406,235 ''- 30.3 182,772 ! 130,415 - 28.6 1S8 ! 163 I 214 I - 70.6 232 ;j 167 ! 196 I -3.5 151 1 131 ! 166 ! 196 184 1919 j 1919 46 56 j 56 |j 188 ! 167 30,630 32,017 ;j+ 4.5 1919 235,847 191,886 j - 18.6 1919 l! 42 204 61 39 128 190 38 31 213 63 79 165 120 - 27.2 46 69 + 51.1 36 65 + 80.8 116 79 + 23.9 - 31.5 |i 22,734 71,507 10,601 49,923 14,713 90,101 8,654 36,591 j | - 35.3 I + 26.0 | | - 18.4 I - 26.7 7,435 2,883 1,060 4,487 82,476 8,014 3,232 1,358 4,727 72,201 jj + 7.8 j| + 12.1 i| + 28.1 !|+ 5.3 i l - 12.5 1909-13 1919 1919 1919 1919 1919 61 ; 64 41 58 26 22 178 70 111 44 + 5.7 102 103 54 22 - 59.3 26 17 - 34.8 91 147 128 13-7 + 144 147 !| 59 42 178 123 - 30.9 200 162 ' 124 155 134 107 - 19.8 99 3.1 Cattle a n d Beef. 1,470 Receipts, primary markets thousands.. 562 Shipments, primary markets thousands.. 235 Shipments, stocker and feeder thousands.. 898 Slaughter thousands.. Exports of beef products thous. oflbs.. 13,735 Cold-storage holdings of beef ..thous. oflbs., 64,507 Inspected slaughter production. ..thous. oflbs.. 363,071 Apparent consumption ..thous. oflbs.. 356,787 Prices, Chicago: 8.41 Cattle, corn-fed dolls, per 100 lbs.. 14.50 Beef, fresh native steers dolls, per 100 lbs.. 14.40 Beef, steer rounds, No. 2 . . .dolls, per 100 lbs.. 1,878 780 365 1,086 19,145 56,892 8.62 14.50 15.10 1,542 597 214 924 15,911 109,553 347,567 351,725 1,414,402 1,378,032 1,489,460 jj 1,461,565 j| 5.3 6.1 8.43 16.50 15.80 1919 1919 1919 1919 1913 1919 1913 1919 1913 1913 1913 73 75 69 | 79 72 68 67 66 ! 71 54 49 55 I 64 87 87 j + 83 + 95 + 141 + 24 - 38.8 55.3 72 | 63 53 79 101 27 106 80 99 112 110 101 + 112 116 + 2.5 78 81 107 117 51 \ 46 101 i 101 79 77 103 99 127 127 122 120 91 | 131 31 j 29 98 | 119 74 j 102 j 103 mj 112 97 ! Hogs and Pork. 101 91 I + 27. 8 20.9 39.4 11.8 0.0 4.9 i Receipts, primary markets thousands.. 3,067 3,737 1,067 Shipments, primary markets thousands.. 1,149 56 70 Shipments, stocker and feeder thousands.. 2,000 2,571 Slaughter thousands.. 99,440 Exports, pork products thous. oflbs.. 90,132 Inspected slaughter production thous. of lbs.. 508,909 Apparent consumption thous. of lbs.. 405,764 Cold-storage holdings, pork products thous. of lbs.. 690,296 I 758,515 Prices: Hogs, heavy, Chicago dolls, per 100 lbs.. 10.206 10.425 Pork, loins, fresh, Chicago..dolls, per 100 lbs.. 23.60 23.80 3,328 18,649 1,045 6,499 39 j 271 2,270 i 12,122 141,041 • 715,431 521,521 I 2,466,710 420,270 ! 1,526,621 18,105 6,511 289 11,587 579,661 2,364,156 1,656,622 i - 2.9 |+ 0.2 ! + 6.6 44 I-j - 19.0 ' ! - 4.2 j | + 8.5 1919 1919 1919 1919 1913 1913 1919 89 95 88 97 111 76 52 83 99 89 83 89 90 144 172 168 I 108 116 123 150 140 141 ! 82 ; 100 j + 21.8 91 99 89 I 96 I + 75 I 93 152 118 7. 7 I + 25.0 79 ! 101 |+ 28.6 121 I + 10.3 1101 105 I 134 145 I 983,379 1919 105 I 67 74 8.195 22.30 1913 1919 118 182 j 150 : 114 124 122 i 125 j|+ 2.1 133 159 I 160 !!+ 0.8 108 76 Sheep and Mutton. Receipts, primary markets thousands.. Shipments, primary markets thousands.. Shipments, stocker and feeder thousands.. Slaughter thousands.. Inspected slaughter production thous. of lbs.. Cold-storage holdings, lamb and mutton thous. oflbs.. Prices: Sheep, ewes, Chicago dolls, per 100 lbs.. Sheep, lambs, Chicago dolls, per 100 lbs.. 9 1,227 j 564 I 97 I 678 I 29,299 ! 1,692 832 145 852 2,071 I 2,312 5.900 13.219 12.475 As of June 1. 1,916 ! 926 ! 123 ! 1,015 I 41,282 15,877 4.125 I 11.790 8,651 3,598 468 5,092 169,162 7,618 3,616 737 3,995 131,224 I + + I 11.9 0.5 57.5 21.5 22.4 1919 1919 1919 1919 1913 74 I 85 58 ! 77 18 j 94 ! 79! 21 ; 1919 j! 94; 1913 11 132 As of July 1. 1913 i+ 37.9 75 69 25 81 71 54 47 17 64 56 189 25 27 + 11.6 % 88 ; 130 I 151 149 151 I; 182 j 187 170 + 47.5 + 49.5 + 25.7 126 j - 15.6 160 - 6. t> 33 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 10). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). CUMULATIVE TOTAL (+) THROUGH or deLATEST MONTH. I crease | (-) ; cumu| lative April, 1922 1921 INDEX NUMBERS. Perj centage I increase 1922 BASE YEAR i| OR PERIOD. 1922 | or de! crease i May Apr. I M a y . ; Feb. i Mar. Apr. May. • from April. 1922 • 1921 Percentage increase from 1921. FOODSTUFFS—Continued. Fish. Total catch thous. of lbs..I 13,160 15,168 16,675 11,920 26,346 62,702 i 14,552 ! 38,664 | 10,719 35,408 70,656 15,711 9,186 109,623 103,254 - 5.8 1919 68,893 18,809 2,587 60,208 19,567 2,101 193,577 69,048 8,392 237,097 | + 22.5 71,155 |!+ 3.1 9,276 ;+ 10.5 1919 1919 1919 85 87 210 131 120 177 13,125 24,096 8,043 21,682 28,453 6,843 1916-20 1916-20 1916-20 14 36 133 38 48 186 .360 .175 .316 .152 1919 1919 74 85 53 49 1,206 473,137 531,962 316,973 122,516 1,187 446,678 577,330 271,890 146,454 671 i 381,651 11 339,850 | 263,539 | 60,197 1913 1913 1919 1919 1909-13 8 219 107 258 . 040 . 052 .041 .053 .049 .063 1913 1913 1913 155 170 176 140 148 153 107 115 116 112 121 118 114 122 122 116 + 2.5 123 + 1.9 120 - 1.6 1919 1919 1919 193 114 191 144 75 215 154 61 64 261 157 124 218 158 155 168 J- 22.9 174 + 10.3 162 4- 4.6 1909-13 215 163 141 133 + 21.5 75 109 108 74 108 104 106 76 55 86 75 - 0.8 61 + 10.3 £0 - 6.8 - 34.4 - 49.5 Cold-storage holdings, 15th of mo., .thous. of lbs.. j 17,485 Poultry. Receipts at five markets f Cold-storage holdings t 81,962 + 30.7 1919 1919 58 69 46 ! 43 124 i 107 61 ! 41 76 87 i'-f 15.3 28 j 27 ; - 4. 6 76 133 67 103 57 76 73 jj-f 30.0 58 - 23.9 28 35 34 22 i- 35.2 90 164 93 97 245 150 + 61.4 116 + 19.4 218 - 11.1 16 29 26 7 51 126 +242.7 65 + 27.0 218 + 73.0 ; thous. of lbs.. thous. of lbs.. 11,196 50,840 76,812 |.+ 8.7 1919 1919 Dairy Products. Condensed and evaporated milk: Exports thous. of lbs.. Receipts of 5 markets: Butter thous. of lbs.. Cheese thous. of lbs.. Eggs thous. ofcases.. Cold-storage holdings: Creamery butter thous. of lbs.. American cheese thous. of lbs.. Caseeggs thous. ofcases.. Wholesale prices at 5 markets: Butter dolls, per lb. Cheese dolls, per lb.. Sugar. Receipts, Louisiana crop long tons.. Imports, raw long tons.. Meltings, raw long tons.. Stocks, raw long tons.. Exports, refined long tons.. Prices: Wholesale, 96 ° centrifugal, N. Y.. dolls, per lb.. Wholesale, refined, N. Y dolls .per lb.. Retail, average 51 cities index number. Cuban jnovement:t Receipts at Cuban ports long tons. Exports long tons. Stocks long tons. 24,234 42,694 15,757 2,911 3,830 18,980 4,648 .183 9,026 14,236 + 57.7 1,520,336 2,254,911 + 48.3 1,512,831 2,351,973 + 55.5 127,733 501,593 +292.7 720,509 555,852 474,426 3,016,014 2,843,998 - 5.7 512,430 565,350 244,109 2,451,680 1,910,627 - 22.1 997,291 1,043,420 1.383,036 28 I 13 40 40 (») 61 - 0 . 8 56 - 4.4 64 7 4 6 18 254 166 255 326 178 104 128 165 164 285 276 172 287 332 2,039 2,045 3,673 4,149 4,959 - 1.6 -5.6 + 8.5 - 14.2 19.5 Coffee. Imports Visible supply: World United States Receipts, total, Brazil Clearances: Total, Brazil, for world Total, Brazil, for U. S thous. of lbs. 100,455 122,093 123,191 thous. of bags, thous. of bags, thous. of bags. 8,944 1,039 821 8,872 1,146 765 8,720 2,037 994 4,821 4,572 - 5.2 1913 1913 1913 thous. of bags, thous. of bags. 1,072 667 703 337 727 218 4,910 2,707 5,161 + 5.1 2,294 - 15.3 1913 1913 97 128 73 55 83 118 108 170 thous. of lbs. 5,593 5,634 4,383 20,439 29,840 + 46.0 1909-13 57 53 61 80 68 501 3,453 31,376 40,704 569 4,601 35,846 39,844 555 4,136 31,351 40,220 2,624 20,429 155,045 217,572 - 5.1 - 9.3 + 10.9 - 21.2 1913 1913 1913 1909-13 87 293 84 138 319 85 128 71 241 84 280 103 105 79 266 85 130 27.50 27.50 28.75 1913 246 218 208 208 544,880 - 18.5 Tea. Imports + . 0.7 TOBACCO. Production (tax-paid withdrawals): Large cigars millions. Small cigarettes millions. Manufactured tobacco and snuff .thous. of lbs. Exports, unmanufactured leaf thous. of lbs. Price, wholesale, Burley good leaf, dark red, Louisville dolls, per 100 lbs. • Index number less than 1. 2,490 18,522 172,013 171,415 90 + 13.6 355 + 33.2 97 127 208 + 14.2 - 2.1 0.0 34 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be : found at the end of this bulletin. For items marked with a dagger (t) detailed tables were April, given in the June number (No. 10). For de1922 tailed tables covering other items, see the last quarterly issue of the SURVEY ( N O . 9). Corresponding month April or May, 1921. Mav, 1922 CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 1922 Percentage increase (+) or decrease (-) cumulative 1922 from 1921. I N D E X NUMBERS. BASE YEAR OR PERIOD. Percentage increase 1922 1921 or decrea.se Apr May Feb. Mar. Apr. May. Mav from TRANSPORTATION—WATER. Cargo Traffic. Panama Canal: In American vessels thous. of long In British vessels thous. of long Total cargo traffic thous. of long Sault Ste. Marie Canal thous. of short New York State canals thous. of short Mississippi River: Receipts at St. Louis* short Shipments from St. Louis* short tons.. tons.. tons.. tons.. tons.. 499 297 1,046 639 3,317 157 6,155 105 1915 1915 1915 1913 1913 203 169 223 10 ; 228 208 252 157 ; 120 151 ! 195 206 236 j 62 , ! 28 274 162 257 6 33 42 -419 1 tons.. tons.. Vessels i n F o r e i g n T r a d e . Entered in U. S. ports: American Foreign Total Cleared from U. S. ports: American Foreign Total thous. of net tons.. thous. of net tons.. thous. of net tons.. 2,168 2,459 4,627 2,S70 2,601 5,471 2,463 2, £61 5,324 12,125 11,673 23,799 10,960 - 9 6 1 11,912 + 2 0 22,872 - 3 9 1913 1913 1913 212 73 107 1>1 >.O 107 185 75 104 244 4- 32.4 SO + 5.8 123 ;'+ 18.2 thous. of net tons.. thous. of net tons.. thous. of net tons.. 2,389 2,495 4,884 2,621 j 2,554 5,175 ; 2,114 2,910 5,024 10,950 12,384 23,341 11)09S + 1 3 11,837 - 4 4 22,934 - 1 7 1913 1913 1913 203 ' 162 : 148 174 67 74 83 90 112 112 i 90 :: 10S 191 77 109 210 4- 9.7 79 4- 2.4 115 -f- 6.0 n B0 1920 1919 64 34 Ship Construction. Vessels under construction.. thous. of gross tons.. New vessels completed thous. of gross tons.. 212 ! 34 221 21 645 '. 109 696 153 210 88 120 i 1 56 ' 31 156 70 93 12 11 17 2 18 10 19 4- 4.2 38.2 6 116 129 129 108 96 109 115 311 196 85 - 26.3 259 - 16.9 161 - 17.9 TRANSPORTATION-RAIL. Freight Cars. Surplus: Box Coal Total Shortage: Box Coal Total Bad-order cars, total Car loadings: Total Grain and grain products Live stock Coal Forest products Ore Merchandise and miscellaneous Freight carried mills, of number.. 94,653 number.. 235,077 number.. 371,538 69,714 \ 155,040 ! 195,439 j 165,102 \ 305,198 ; 394,040 j 1919 1919 1919 217 303 255 189 218 20^ 369 number.. number.. 374 842 number.. number.. 327,704 1,094 | 263 j 50 423 ' 339 1,714 340,822 341,337 1919 1919 1919 1913 (5) 3 1 205 1 1 1 226 1919 1919 1919 1919 1919 1919 1919 87 86 82 74 84 15 95 95 9S 81 89 87 63 1913 1913 1913 1913 1913 1913 7 1913 172 158 170 207 49 186 118 cars.. 727,488 782,670 cars.. 32,874 42,186 cars.. 27,114 29,550 cars.. 72,528 82,494 cars.. 56,052 60,714 cars.. 9,654 18,3S4 cars.. 521,106 540,546 ton-miles.. Railroad Operations. Revenue Freight thous. of dolls.. 288,849 Passengers thous. of dolls.. 83,461 Total, operating thous. of dolls.. 416,869 Operating expense thous. of dolls.. 336,178 Net operating income thous. of dolls.. 50,272 Receipts per ton-mile index number.. 2,461 Pullman passengers carried thousands.. LABOR. Number employed: United States (1,428 firms) thousands.. New York State thousands.. Wisconsin index number.. 6 Index n u m b e r less than 1. 1,617 478 75^,438 3,521,960 38,214 185,870 139,826 26,652 744,447 157,122 246,256 49, 463 53,830 23,684 455,605 2,112,510 3,840,741 217,903 136,437 644,984 268,584 41,849 2,464,775 9.1 4- 17.2 - 2.4 - 13.4 4- 9.1 ' - 22.3 4- 16.7 304,774 1,234,700 j 1,213,703 - 1.7 j 90,649 381,628 321,297 - 1 5 . 8 . . 4 3 3 , 3 9 8 1,769,331 1,687,907 - 4.6 375,697 •' 1,602,650 1,358,876 - 15.2 ; 29,857 57,025 211,030 4-270.1 1,669 482 7 1,574 461 Average for fiscal year ending June 30. 1921 1914 U915 2 222 96 131 88 108 88 11 92 1 2 2 9 2 3 212 j 217 6 10 7 226 4-196.5 + 13.1 4-103.6 4- 4.0 103 106 55 74 93 14 105 108 90 47 107 49 114 4- 7.6 4- 28. 3 4- 9.0 4- 13.7 + 8.3 + 90.4 4- 3.7 91 84 82 41 99 26 110 177 • 166 i 200 163 ' 163 ! 128 140 145 \ 174 157 163 186 179 209 185 199 , 62 80 84 139 160 174 167 ! 123 102 114 119 101 101 99 1 96 92 i 93 11 2; 2 100 103 ; 104 : 107 4- 3.: 100 101 100 101 4- O.i 97 i 100 102 i 105 4- 2,! First quarter of year. 35 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were given in the June number (No. 10), For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). April, 1922 May, 1922 Corresponding month April or May, 1921. CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 INDEX NUMBERS. Percentage! increase 1922 (+) or decrease (-) cumulative Percentage increase 1922 1921 (+) YEAR |i OR !| PERIOD. I'," 1922 from 1921. or decrease (-) May from April. Apr. May. |! Feb. I Mar. Apr. LAB OR—Cont inued. Total pay roll: 11,929 New York State thous. of dolls.. 11,546 ; 11,857 Wisconsin index number.. Av. weekly earnings, Wisconsin, .index number.. Unemployment, Pennsylvania number.. 215,410 167,405 232,520 36,880 Immigration number.. 29,166 82,648 23,147 ; 30,029 Emigration number.. 24,962 62,847 58,197 1914 200 206 197 63 31 45 114 j 117 115 117 120 118 2.6 2.6 129 137 171 194 113 156 124 175 116 143 132 138 175 216 119 160 122 176 116 148 2.3 0.7 2.3 11.3 5.3 2.6 1.6 0.6 0.0 3.5 118 207 176 153 128 153 143 115 206 181 154 128 151 116 203 192 159 132 154 110 142 146 140 126 142 111 144 147 137 125 139 115 144 149 139 127 139 119 |4- 3.5 155 j|+ 7.6 158 !|4- 6.0 140 ||+ 0.7 129 \ + 1. 6 139 0.0 | 142 139 165 154 174 174 155 139 165 155 174 174 155 139 | 0.0 165 !| 0.0 211 198 243 196 185 222 194 1.0 182 1.6 193 - 13.3 1913 1913 1913 104 112 109 112 109 [ 108 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 117 144 176 205 138 167 135 216 130 148 118 139 173 200 138 165 134 209 126 145 131 135 174 191 110 156 123 177 117 141 1913 1913 1913 1913 1913 1913 1913 126 106 205 189 149 143 159 131 104 205 188 149 140 153 139 116 207 176 153 127 153 1913 1913 1913 1913 1913 1913 109 125 146 138 117 152 105 129 145 137 115 145 Jy., 1914 Jy., 1914 Jy.,1914 Jy.,1914 Jy.,1914 Jy.,1914 156 171 169 179 185 168 152 171 168 178 185 166 12 1921 121,125 - 67.3 86,386 !- 41.6 194 193 190 82 25 49 201 : 192 209 ! 88 69 59 !| 11 1915 370,442 147,974 195 185 191 117 15 28 ; 208 201 216 91 60 64 " 1915 1913 200 187 188 106 12 16 ; ! + i + ! + ! j + :- 2.7 6. 7 3. 7 22. 3 26. 4 7.3 PRICE INDEX NUMBERS. Farm prices: Crops index number.. Live stock index number.. Wholesale prices: Department of LaborFarm products* index number.. Food, etc* index number.. Cloths and clothing* index number.. Fuel and lighting* .index number.. Metalsandmetalproducts.index number.. Building material* index number.. Chemicals and drugs* index number.. House-furnishing goods*.-index number.. Miscellaneous* index number.. All commodities* index number.. Fed. Reserve Board (Dept. Labor prices)— Agricultural products index number.. Animal products index number.. Forest products index number.. Mineral products index number.. Total raw products index number.. Producer's goods index number.. Consumer's goods index number.. Federal Reserve Board I n d e x Goods imported index number.. Goods exported index number.. All commodities index number.. Dun's index number.. Bradstreet's index number.. Ketail prices, food index number.. Cost of living; National Industrial Conference BoardFood index number.. Shelter index number.. Clothing index number.. Fuel and light index number.. Sundries index number.. All items weighted index number.. Foreign wholesale prices: United Kingdom index number.. France index number.. Italy index number.. Germany index number.. Canada index number.. Australia index number.. India index number.. Japan index number.. 169 156 177 177 158 182 i 158 183 1913 329 306 347 1913 547 562 584 1913 Jy.,1914 1,483 1,438 4,888 183 ' 169 187 1913 166 147 171 Jy., 1914 184 179 183 Jy.,1914 191 204 190 1913 130 137 I 172 191 | 109 i 155 : 125 j 175 j 117 | 142 j 141 151 114|i4' i + ! + 5.6 0.9 1.5 6.1 3.2 3.1 2.0 I 156 114- 0.6 174 jj 0.0 174 ! 0.0 155 | 0.0 I 160 159 162 | j 4- 1.9 314 307 317 j| + 1.0 533 527 524 jj- 0.6 5,899 6,573 i,809 ||+ 3.6 167 ||+ 0.6 166 166 146 148 ji 182 182 187 ||4- 2.7 194 l i - 1.5 201 197 DISTRIBUTION MOVEMENT. Mail-order houses, total sales Sears, Roebuck & Co Montgomery Ward & Co thous. of dolls.. thous. of dolls.. thous. of dolls.. 22,071 14,713 7,358 First quarter of year. 21,855 14,478 6,377 18,060 12,239 5,321 109,186 78,321 30,364 105,738 - 3.2 71,593 33,145 + 9.2 1913 1913 1913 203 206 195 160 154 176 161 156 175 « Nine months' average, April to December, inclusive. 36 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk' (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (f) detailed tables were i April, given in the June number (No. 10). For de- ! 19'22 tailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). INDEX NUMBERS. Per! centage j increase ! CUMULATIVE TOTAL Corre- j THROUGH I. or deSpondLATEST MONTH. crease May, 1922 ing I ! month ', April or May, 1921. , 1921 1922 BASE ! YEAR OR PERIOD. cumulative ! 1922 from , 1921. Percentage increase 1922 1921 Apr. May. (+) or decrease (-) May Feb.Mar. Apr. M a y . from April. DISTRIBUTION MOVEMENT—Continued. Chain stores, total sales c thous. of dolls.. F. W. Woolworth Co thous. of dolls.. S. S. KresgeCo thous. of dolls.. McCrory Stores Corp thous. of dolls.. S. H. Kress & Co thous. of dolls.. J. C. Penney Co thous. of dolls.. United Cigar Stores Co thous. of dolls.. Owl Drug Co thous. of dolls.. American Wholesale Corporation, total sales thous. of dolls.. Magazine advertising thous. of lines.. Newspaper advertising thous. of lines.. Postal receipts thous. of dolls.. 22,429 13,439 5,208 1,386 2,396 3,943 6,012 825 21,540 j | 18,572 12,884 !| 11,203 4,903 |i 4,232 1,001 1,242 2,110 2,511 3,806 4,067 6,309 6,226 810 848 2,107 j 1,750 ; 1,830 I 1,644 I 1,574 2,057 97,160 i 97,086 j 96,516 22,098 I 22,317 | 19,504 22,954 23,710 86,926 51,471 19,949 5,137 10,368 16,755 30,898 4,180 96,115 57,7-5 21,953 5,869 10,508 15,723 27,943 4,097 13,241 9,664 438,066 101,948 11,022 9,201 448,595 109,894 281 233 233 247 270 244 199 203 215 233 471 398 353 406 444 308 239 228 270 276 267 241 238 2S0 244 L,696 1,732 1,0891,433 1,792 1,849 263 256 194244 I 244 253 258 249 236265 i 254 261 + 10.6 + 12.3 + 10.0 + 14.2 + 1.4 -6.2 - 10.6 - 2.0 1913 1913 1913 1913 1913 1913 1913 1913 - 16.8 - 4.8 + 2.4 |+ 7.8 .1913 1913 1919 1919 165 140 107 112 151 129 106 106 132 124 90 111 163 140 111 132 1919 94 94 92 91 | 97 96 :| 152 96 ' 491 371 ii 868 92 127 291 320 152 913 573 I | j j 154 150 116 ; 120 128 134 116 121 - 4.0 - 4.1 -5.9 - 10.4 + 4.8 + 3.1 + 3.5 + 2.8 + 16.9 10.2 0.1 1.0 PUBLIC FINANCE. U. S. interest-bearing debt mills, of dolls. Liberty and Victory Loans and War Saving securities mills, of dolls. Customs receipts thous. of dolls. Ordinary receipts thous. of dolls. Ordinary disbursements thous. of dolls. Money held outside U. S. Treasury and Federal Reserve System: Total mills, of dolls. Per capita dollars. 23,139 19,995 18,405 18,361 25,485 142,184 33,804 | 35,578 170,573 + 20.0 197,920 ! 206,376 223,706 1,907,397 i1,321,706 - 30.7 242,561 ; 237,961 ; 368,451 2,138,299 j 1,219,930 - 42.9 1919 1913 1913 1913 4,449 i 4,418 40.69 I 40.36 5,020 46.57 20,717 | 21,654 16,482 16,167 17,297 15,348 86,162 | 81,223 j 98,356 i + 14.2 81,388 + 0.2 1919 18,759 11,681 19,215 12,501 15,847 11,520 81,167 | 59,926 j 89,330 ! + 10.1 58,182 - 2.9 1913 5S3 2,158 3,125 1,833 78.3 556 2,141 3,130 1,870 78.0 103 102 1919 1919 91 92 + 0.8 89 127 134 328 ! 342 426 j 418 + + — 0.2 5.2 4.3 1.9 102 101 90 91 90 - 0.7 88 - 0.8 85 81 84 100 102 99 ! 94 106 + 4.5 92 !- 1.9 201 188 195 166 237 ! 238 244 200 191 204 2.4 7.0 97 104 117 88 I 116 ! 37 84 141 94 156 53 30 ; 83 | 82 142 j 143 95 156 156 29 82 143 97 155 -4.6 - 0.8 + 0.2 + 2.Q -0.6 BANKING AND FINANCE. Banking. Debits to individual accounts: New York City mills, of dolls. Outside New York City mills, of dolls. Bank clearings: New York City mills, of dolls. Outside New York City mills, of dolls. Federal Reserve Banks: Bills discounted mills, of dolls. Notes in circulation mills, of dolls. Total reserves mills, of dolls. Total deposits mills- of dolls. Reserve ratio per cent. Federal Reserve member banks: Total loans, rediscounts, and investments mills, of dolls. Net demand deposits mills, of dolls. Interest rates: New York call loans per cent. Commercial paper, 60-90 days per cent. Savings deposits (balance to credit of depositors): Philadelphia Federal Reserve district thous. of dolls. Chicago Federal Reserve district thous. of dolls. San Francisco Federal Reserve district* thous. of dolls. U. S. Postal Savings thous. of dolls. 1919 1913 197 181 1,870 2,735 2,558 1,706 58.1 1919 1919 1919 1919 1919 107 108 114 89 109 14,711 15,029 10,67& • 11,049 15,346 10,153 1919 1919 103 I 96 3.97 4.25 6.81 6.94 1913 1913 i 203 214 131 120 415,886 1920 i 107 107 750,133 1920 j 103 103 ! 101 1919 1913 ! 123 398 1913 1913 1913 1913 j 246 227 i 193 i 226 ; 218 228 + 5.0 164 + 9.1 133 172 150 | 180 151 (13) + 52.5 152 181 157 187 i 161 j 175 + 8.2 4.35 4.58 427,104 423,582 735,153 737,848 I 742,928 747,296 j 714,574 143,000 i 140,750 I 155,395 I | | | I 96 97 99 + 2.2 97 j 101 104 + 3.5 101 155 j 137 I 137 ; 125 !;- 8.8 84 i 83 ! 79 ! 74 !- 6.3 109 128 123 391 ; 365 110 110 101 109 - 0.8 101 i 101 + 0.4 128 128 : 129 + 0.6 364 360 354 - 1.6 Life Insurance. Policies, new: Ordinary Industrial Group Total insurance thous. thous. number thous. of policies. of policies. of policies. of policies. 161 572 40 733 624 61 793 168 652 44 820 832 2,751 218 3,582 «Includes Woolworth, Kresge, McCrory, and Kress only. 767 2,987 231 3,753 + + + 7.8 8.6 6.0 4.8 18 Index numbers not computed. 37 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. N O T E . — I t e m s m a r k e d w i t h an asterisk (*) h a v e not been published previously in t h e S U R V E Y or are repeated for special reasons; detailed tables covering back figures for these items will b e found a t t h e e n d of t h i s bulletin. For i t e m s m a r k e d w i t h a dagger (f) detailed tables were given in t h e J u n e n u m b e r (No. 10). For detailed tables covering other items, see t h e last quarterly issue of t h e SURVEY ( N O . 9), BANKING AND April, 1922 Corresponding month April Mav, 1922 May, 1921. CUMULATIVE iuiAL, THROUGH LATEST MONTH. 1921 1922 I INDEX NUMBERS. Percentage increase (+) 1922 1921 BASE or de- ! crease j YEAR '• OR (—) cumu- i | PERIOD. lative j 1922 from 1921. Percentage increase or deCFG£IS6 Apr. May. Feb. Mar. Apr. May. (--) May from April. FINANCE—Continued. Life Insurance—Continued. Amount of new insurance: Ordinary thous. of dolls.. 409,361 Industrial thous. of dolls.. 123,208 Group thous. of dolls.. 24,379 Total insurance thous. of dolls.. 555,948 i 429,236 395,445 1,902,029 1,924,535 125,084 125,232 524,692 595,804 1.2 1913 311 300 274 318 310 326 4- 4- 13.6 1913 184 241 j 214 256 237 241 4- 97.3 i 4- 5.2 i 1913 464 555 513 1,053 1,687 689 4- 1.5 - 59.1 1913 277 285 259 300 305 4- 4- 9,962 8,023 35,611 70,263 564,282 528,699 2,462,331 2,590,603 2,167 1,960 1,356 7,715 11,644 + 50. 9 i 1913 111 101 174 184 162 147 — 73,059 44,403 57,066 276,032 335,474 + 21.5 j 1913 170 251 320 322 286,951 292,168 1,686,346 1,682,498 - 1913 161 197 189 195 194 - 242,451 315 232 307 5.1 1.5 Business Finances. Business failures: Firms number.. Liabilities thous. of dolls.. Dividend and interest payments d. thous. of dolls.. New capital issues: Corporations thous. of dolls.. States and municipalitiesPermanent loans thous. of dolls.. Temporary loans thous. of dolls.. New incorporations thous. of dolls.. Telephone earnings: Total operating revenue thous. of dolls.. Total operating income thous. of dolls.. Telegraph earnings: Commercial telegraph tolls thous. of dolls.. Telegraph and cable operating revenue thous. of dolls.. Operating income thous. of dolls.. Credit conditions: Orders per ct. of total transactions.. Indebtedness.... per ct. of total transactions.. Payments per ct. of total transactions.. 1 0.2 164 9.6 39.2 4- 18.4 | 445,196 400,700 177,638 1,263,138 146,860 123,007 76,961 387,530 4,940 14,720 70,007 402,045 792,372 938,195 001,044 4,441,475 + 22.1 ; 1913 285 130 ! 148 207 325 292 - 10.0 558,796 1913 276 225 ; 256 366 - 16,2 1913 310 173 120 162 431 12 361 146,276 4-198.0 1913 573 349 | 343 425 460 37 545 1913 1,542,031 + 44.2 | — 63. 6 3,897,490 - 12.2 36,398 139,648 153,632 300 305 29,635 34,564 1913 277 232 282 8,599 4- 10.0 i 4- 16.6 ! .278 9,272 223 218 244 250 7,766 7,823 31,953 30,284 — 5.2 i 1919 103 107 91 107 102 9,808 10,163 40,872 38,628 - 5.5 1919 j 101 102; 88 102 97 1,275 1,228 4,040 4,843 + 19.9 1919 75 76 54 100 78 40,058 i | j 4- 18.4 24.8 24.1 22.7 1916 84 87 — 3.3 38.3 1916 93 93 102 90 44.8 82 99 97 41.9 98 108 115 4- 6.5 46.4 49.6 ! 55.0 1916 99 100 87 90 84 90 4- 7-1 148 ' 149 65 ; 68 154 162 166 4- 2.2 70 74 75 4- 1.6 254 234 328 440 418 - 5.1 Stocks and Bonds. Stock prices, closing: 25 industrials, average dolls per share 94.44 96.53 86.32 1913 147 25 railroads, average dolls, per s h a r e . . 61. 59 62.57 54.19 1913 62 Stock sales (N. Y. Stock Exch.) .thous. of shares.. 30,468 Bond sales: Miscellaneous thous. of dolls.. 264,341 Liberty-Victory thous. of dolls.. 182,582 Total thous. of dolls.. 440,923 Bond prices: 84.60 Highest-grade rails per ct. of par.. 72.20 Second- grade rails per ct. of par.. Public utility per ct. of par.. 66.58 Industrial per ct. of par.. 73.59 Combined price index per ct. of par.. 73.09 4.15 Municipal bond yield DOT cent 28,911 17,601 74,904 113,692 + 51.8 1913 j 221 229,460 113,177 128,023 241,200 475,897 729,805 1,205,702 1,110,237 858,782 4-133.3 : 1919 1919 • 129 57 159 54 263 52 333 76 371 77 322 61 — 13.2 - 20.6 1919 1 74 78 100 136 145 122 — 16.2 0.0 | 144,967 374,427 1,969,019 4- 17.7 i 4- 63.3 : i 84.80 | 72.25 1915 81 80 92 93 94 94 72.83 59.84 1915 78 79 93 96 96 C8. 05 ' 74.42 52 SS 1915 72 72 91 84 4- 1915 80 80 102 90 104 93 56.16 88 102 106 4- 1.9 74. 72 | 59.40 1915 ! 77 77 92 94 96 4- 1.0 4.18 i 5.18 1913 ' 115 116 99 98 93 97 94 1+ 1.1 48 48 55 j+ 14.0 4- 23.3 Gold a n d Silver. Gold: Domestic receipts at mint fine ounces.. Rand output thous of ounces Imports thous. of dolls.. Exports thous. of dolls.. Silver: Production thous. of fine oz.. Imports thous. of dolls.. Exports thous. of dolls.. Price at New York dolls perfineoz Price at London pence per standard oz.. d All figures are for m o n t h s following 0.0 3.3 i j 71,708 81,839 67,052 342,116 366,763 511 630 688 3,250 1,781 12,244 8,994 58,117 308,391 109,998 1,579 3,407 1,063 5,918 8,567 4- 7.2 1 1913 — 45.2 1913 93 94 45 11 31 70 86 - 1913 1,538 1,097 541 631 231 169 1913 5 14 23 13 21 44 4-120.8 64.3 I 4- 44.8 4,139 4r2oS 4,277 25,163 20,399 - ! 1913 4.S0O 5,512 6,950 23,823 28,534 1913 5,109 5,077 2,3-53 19,619 27,162 4- 19.8 | 4- 38.4 | .660 .712 .598 34.080 36.073 34.105 month stated. 18.9 48 45^ - 26.5 so 77 70 75 74 76 |+ 2.9 110 233 160 233 161 184 4- 14.8 44 45 136 101 98 109 1913 99 100 109 108 111 4- 11.1 119 J4- 6.9 1913 124 124 123 121 124 131 1913 ; ; 4- 5.8 38 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not leen published previously in the SURVEY or are repeated for special reasons; detailed talles covering back figures for these items will t e found at the end of this bulletin. For items marked with a dagger (f) detailed talles were given in the June number (No. 10). For detailed taT les covering other items, see the last quarterly issue of the SURVEY (NO. 9). April, 1922 May, 1922 Corresponding month April or May, 1921. Percentage increase (+) or decrease (+) CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 INDEX NUMBERS. Percentage increase or decrease (-) cumulative 1922 from 1921. 1922 BASE YEAR OR PERIOD. 1922 1921 May Apr. May. Feb. Mar. Apr. ! Vay. from April. FOREIGN EXCHANGE BATES. Europe: England France Italy Belgium Germany Netherlands Sweden Switzerland Asia: Japan India Americas: Canada Argentina Brazil Chile dolls, per £ sterling. dolls, per franc. dolls, per lire. dolls, per franc. dolls, per mark. dolls, per guilder. dolls, per krone. dolls, per franc. 4.41 .092 .054 .085 .003 .379 .260 .194 4.45 .091 .053 .084 .003 .387 .258 .192 3.98 .084 .053 .084 .016 .356 .235 .179 Par. val. Par. val. Par. val. Par. val. Par. val. Par. val. Par. val. Par. val. .dolls, per yen. dolls, per rupee. .474 .278 .474 .288 .485 .265 dolls, per Can. doll. dolls, per gold peso. dolls, per milreis. dolls, per paper peso. .978 .807 .136 .113 .824 .137 .119 .897 .718 .137 .119 thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. 65,669 10,742 8,497 3,598 22,124 73,949 11,591 8,520 5,584 25,439 60,804 11,823 6,456 7,131 19,374 321,167 59,204 30,082 23,243 108,959 365,058 57,668 42,774 22,453 128,229 13.7 2.6 42.2 3.4 17.7 1913 1913 1013 1913 1913 thous. of dolls. thous. of dolls. 63,320 21,296 71,721 28,249 69,603 26,143 394,361 155,749 322,463 - 18.2 120,833 - 22.4 1913 1913 264 thous. of dolls. thous. of dolls. 22,889 4,440 33,029 6,079 23,358 4,854 143,837 29,658 127,580 - 11.3 26,668 - 10.1 1913 1913 185 251 58,725 69,831 18,990 29,693 4,287 6,470 217,025 252,817 48,871 22,760 2,275 204,911 256,401 77,725 19,018 1,134,786 312,002 4- 21.7 118,387 52.3 31,903 4- 67.8 1,158,958 + 2.1 1913 1913 1913 1913 232 287 208 170 186 276 115 137 thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. 182,474 22,076 31,048 11,028 72,072 168,721 20,117 26,105 9,473 74,455 176,799 9,863 20,485 22,527 80,287 1,115,229 99,299 157,770 108,440 446,933 27.4 4.3 12.2 61.3 24.5 1913 1913 1913 1913 1913 140 thous. of dolls. thous. of dolls. 71,373 43,412 71,087 44,287 89,647 50,483 549,948 247,191 333,885 - 39.3 200,082 - 19.1 1913 1913 188 thous. of dolls. thous. of dolls. 18,418 8,411 18,158 8,064 18,036 7,690 167,609 67,870 81,736 - 51.2 35,895 - 47.1 1913 1913 170 General index of foreign exchange.index number. 82 : 43 27 43 7 0.9 1.1 1.9 1.2 0.0 2.1 0.8 1.0 91 I 48 ! 28 j 44| 1 94 ! 97 | 91 47 27 44 1 96 96 95 57 95 57 0.0 95 59 + 3.6 9G 86 41 53 58 97 86 42 58 56 84 42 58 53 84 | 99 102 i 101 i 58 42 69 155 117 85 119 112 63 119 147 91 93 55 78 214 I 178 221 ! 170 225 219 195 180 152 144 222 139 200 + 44.3 285 + 36.9 209 272 318 144 239 235 523 171 223 230 327 145 18.9 265 360 + 56.4 217 - 33.7 141 77 70 344 163 103 125 75 86 108 144 149 122 100 148 146 172 106 168 146 135 179 150 119 105 147 132 142 129 148 168 115 136 141 152 151 184 234 236 193 159 252 361 180 120 312 439 218 156 242 270 164 154 90 45 25 43 2 94 97 101 90 47 26 44 2 94 98 101 Par. val. Par. val. 95 58 Par. Par. Par. Par. Par. val. val. val. val. val. ' | ! i 99 85 42 61 + 53 1.0 2.1 0.7 5.3 0.0 U. S. FOREIGN TRADE* Imports by Grand Divisions. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total Grand total thous. thous. thous. thous. of dolls. of dolls. of dolls. of dolls. + + + 96 100 43 117 115 276 228j 291 | 103 12.6 100 7.9 56 + 0.3 121 + 55.-2 112 + 15.0 + 13.3 239 + 32.6 + 16.5 Exports by Grand Divisions. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total Grand total thous. of dolls. thous. of dolls. thous. of dolls. thous. ot dolls. 41,875 43,189 14,041 16,051 3,959 6,534 318,100 307,689 40,586 319,485 12,297 85,730 4,642 45,208 329,710 2,197,479 809,211 95,057 138,533 41,962 337,563 237,529 99,717 23,338 1,478,887 - + - 25.7 16.3 48.4 32.7 1913 1913 1913 1913 106 65 208 171 146 160 256 233 240 164 89 - 7.5 - 8.9 - 15.9 144 - 14.1 151 + 3.3 142 - 0.4 132 + 2.0 - 4.1 157 149 176 1.4 + 3.1 + 14.3 271 + 65.0 149 '- 3.3 249 308 39 TREND OF BUSINESS MOVEMENTS—Continued. N U M E R I C A L DATA. N O T E . - I t e m s marked with a n asterisk (*) have not been published previously in t h e SURVEY or are repeated for special reasons; detailed t a l l e s covering I ack figures for these items will t e found at the end of this lulletin. For items marked with a dagger (f) detailed talles wrere given in the June numler (No. 10). For detailed talles covering other items, see the last quarterly issue of t h e SURVEY ( N O . 9). April, 1922 May, 1922 Corresponding month April or May, 1921. INDEX NUMBERS. Percentage CUMULATIVE TOTAT THROUGH LATEST MONTH. increase or decrease BASE YEAR Percentage increase 1922 1921 or decrease OR cumulative 1922 from 1921. PERIOD. Apr. May. Feb. Mar. Apr. May. 1921 1922 484,071 403,117 - 16.7 1913 250,798 113,506 118,497 194,662 113,642 + 22.4 -f 0.1 93,764 - 20.9 1913 1913 1913 - 9.4 4.6 62.1 1913 1913 1913 50 - 15.6 1913 153 + 10.2 + 5.0 + 14.4 1913 1913 1913 1913 93 191 72 79 147 64 87 75 1920 50 46 39 10 39 34 1913 7 2 35 46 46 1913 1913 1920 11 24 77 1 86 84 65 81 37 102 28 63 74 27 1913 84 79 85 85 85 + 1.5 + 7.2 + 17.4 1913 1913 1915 254 258 215 223 277 - 30.9 1913 363 168 330 263 255 276 235 275 305 244 338 290 239 234 + 2.1 - 21.8 + 6.7 + 3.0 1913 1913 1913 1913 237 252 302 370 288 217 268 311 323 220 289 359 328 187 295 370 - 12.0 11.1 1919 1919 83 93 71 80 65 73 77 96 + 6.7 + 17.2 ~ 24.8 + 99.2 1913 1913 64 73 84 102 40 68 66 7 55 72 May from April. TRADE AND INDUSTRY OF FOREIGN COUNTRIES. United K i n g d o m . Imports (values): Total thous. of £ sterling.. Food, drink, and tobacco.thous. of £ sterling.. Raw material thous of £ sterling Manufactured articles Exports (values): Total 21,404 thous. of £ sterling.. 18,961 t h o u s . of £ sterling.. 55,507 3,011 Food, drink, and tobacco.thous. of £ sterling.. Raw matrial . thous of £ sterling Manufactured articles Reexports (values): thous. of £ sterling.. Total 80,661 40,097 thous. of £ sterling Food, drink, and tobacco.thous. of £ sterling.. Raw material thous of £ sterling Manufactured articles t h o u s . of £ sterling.. E x p o r t s of key commodities (quantities): 7,376 44,336 9,200 2,323 4,704 2,168 88,814 43,075 25,358 20,207 86,308 50,094 16,711 19,282 58,045 3,045 8,757 43,088 2,101 1,437 330,743 15,654 299,616 14,941 23,754 45,073 38,662 285,573 3«,499 240,993 8,965 2,152 7,232 42,603 11,064 20,626 10,852 46,952 1,059,223 51,466 819 6,018 1,540,476 73,452 + 45.4 + 42.7 1,305 22,390 + 59.3 +272.1 1,566 1,780 2,158 + 13.7 + 52.7 101,914 + 91 0 4,548 2,264 1,958 3,418 1,850 Cotton piece goods thous. of sq. y d s . . 302,598 Woolen and worsted tissues.thous. of sq. yds.. 14,002 258 Iron and steel.. . thous of long tons 4,097 Coal thous of long tons Production: 394 Pig iron thous of long tons 404 Steel ingots thous of long tons 341,959 16,585 273 5,057 145,769 7,566 102 408 462 14 6 thous of metric tons short tons 18,049 6,795 21,366 5,9:3 60 21,280 per cent employed 83.0 Coal Stocks zinc Employment: Trade-unions 14 1,413 53,347 11,615 23,605 11,720 - 8.0 1920 1913 1913 11 140 219 70 126 137 137 137 187 126 166 139 178 94 126 91 118 108 125 + 7.4 + 18.5 + 6.6 148 127 120 145 151 111 127 133 112 + + 129 150 131 + 18.7 + 1-7 111 111 171 204 94 101 175 98 162 -2.6 7.4 99 88 88 85 92 + 82 82 68 71 63 62 67 92 75 66 83 + 13.0 + 18.4 48 72 + 3.6 88 23 + 18.4 256 334 242 + 3.2 + 1.4 225 - 4.0 342 194 297 392 332 189 321 356 + + 3.2 2.9 8.0 - 9.3 71 79 82 92 + 15.9 + 16.9 64 75 75 . 82 22 7 80 131 77 2 + 24.4 + 73.1 5.4 - 70.0 126 + 4.0 + 4.4 + 16.5 135 207 71 108 120 103 98 77 25 133 101 118 113 140 25 24 133 86 100 105 68 54 54 66 85 + 10.1 4.6 1-1 3.3 4.4 + 5.4 + 23.5 + 14.4 - 11.9 France. Imports (values): Total, all commodities Foodstuffs Raw material Manufactured articles . E x p o r t s (values): Total, all commodities Foodstuffs Raw materials Manufactured articles mills, of francs.. 1,744 438 9S3 323 1,800 504 997 310 1,566 mills, of francs mill, of francs... mills of francs 419 691 456 8,684 1,998 4,268 2,418 8,811 2,141 mills, of francs.. mills, of francs.. mills, of francs.. mills of francs 1,963 136 461 1,365 1,900 132 498 1,238 1,649 152 415 1,082 9,049 863 2,176 6,020 9,232 194,080 108,424 168,115 93,819 962,357 546,635 847,024 485,898 2,466 7,171 4,578 2,245 4,593 8,565 19,432 9,943 22,774 6,033 42 5 28,306 492 21,287 980 5,010 1,671 675 2,322 6,202 248 + 15.1 The Netherlands. Total trade (values): 167,452 Imports... . . t h o u s . of guilders Exports thous. of guilders.. 92,730 Exports of key commodities (quantities): 1,982 Butter metric tons.. 4,143 Cheese metric tons.. 4,837 Margarine . . . metric tons.. 140 Flower bulbs metric tons.. 1913 75 119 1913 2 Germany. Total trade (values): Imports thous. of dolls.. 97,712 1913 42 Exports Production: Coal T jprrijfp thous. of dolls.. 79,380 1913 37 27 35 38 38 46 40 75 143 55 129 72 139 85 169 71 146 1920 62 62 127 121 1913 90 84 92 103 91 1913 46 37 44 57 54 31 41 57 52 55 1913 47 55 thous of metric tons thons of metric tons 11,289 10,634 11,906 10,374 47,384 4,806 1,712 31,043 40,360 48,329 43,964 + + 2.0 8.9 1913 1913 Belgium. Production: Zinc Coal short tons.. thous of metric tons 9,359 Pig ironf thous. of metric tons.. 1 726 114 Steel ingotst thous. of metric tons.. 97 i Nine months' average, April to December, inclusive. 9,733 7,331 46,593 + 50.1 | 0.1 7,326 - 119 96 495 537 113 no 493 480 + ,8.-5 2.6 no 40 TREND OF BUSINESS MOVEMENTS—Continued. NUMEHICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For items marked with a dagger (t) detailed tables were given in the June number (No. 10). For detailed tables covering other items, see the last quarterly issue of the SURVEY (NO. 9). April, 1922 May, 1922 Corresponding month April or May, CUMULATIVE TOTAL THROUGH LATEST MONTH. 1921 I N D E X NUMBERS. Percentage increase Percentage increase (+) or decrease (-) cumulative BASE YEAR OR PERIOD. 1922 from 1921. 1922 192*1. 1921 1922 or decrease Apr. May. Feb. Mar. Apr. May. May from April TRADE AND INDUSTRY OF FOREIGN COUNTRIES—Continued. Canada. Total trade: Imports thous. of dolls.. Exports thous. of dolls.. Exports of key commodities (quantities): Canned salmon thous. of pounds.. Paper, printing thous. of pounds.. Cheese thous. of pounds.. Wheat thous. of bushs.. Production: Pig iron thous. of long tons.. Steel ingots thous. of long tons.. Bank clearings mills, of dolls.. Bond issues: Government and provincial...thous. of dolls.. Municipal thous. of dolls.. Total thous. of dolls.. Corporation thous. of dolls.. Employment: Trade-union employment.per cent employed. Applications number. Vacancies number. PlacementsRegular number. Casual number. Business failures: Firms number. Liabilities thous. of dolls. Building contracts awarded* thous. of dolls. 47,861 32,652 66,121 68,502 370,637 299,089 70,459 60,734 322,527 258,060 1,089 775 122,905 151,566 88,356 1,080 3,156 5,178 1,740 14,207 8,112 7,225 555,184 18,485 41,208 33 23 56 22 17 52 1,165 1,442 1,466 118,000 6,234 21,980 17,925 11,878 18,112 16,765 4,700 135,925 6,475 26,680 1,000 254 231 6,867 63,570 28,989 92,559 26,550 - 19.3 - 25.0 1913 117 1913 140 7,134 1.3 + 33.6 13,997 - 24.3 33,694 - 18.2 1913 58 741,722 1913 388 - 35.4 - 37.7 8.0 1913 46 1913 31 1913 183 147,854 1913 290 45,472 1913 33 164 144 6,319 + 132.6 + 56.9 93,326 + 0.8 43,603 + 64.2 1913 2 1913 59 1913 114 1913 170 122 193 97 150 142 194 86 104 118 + 38.2 224 + 115.8 44 361 40 97 72 578 36 67 106 778 27 72 56 502 62 620 24 170 67 60 189 40 48 143 50 34 167 497 49 190 16 110 123 107 51 (2,668 29 i 186 36 966 158 105 21 25 150 + 11.1 + 23.3 + 192.2 +716.5 27 - 30.3 20 - 22.7 186 + 23.8 (13) 141 123 - 33.7 129 - 86.7 272 +158.9 83.0 39,432 ! 36,452 ! 1919 87 1920 108 102 89 90 56 94 101 76 87 95 91 21,778 ! 4,391 I 1920 85 1920 100 75 117 35 137 54 139 71 112 95 249 84 207 664 33 139 320 42 126 340 92 175 + 38.5 423 + 24.4 109 + 18.3 112 43 38 82 223 48 86 321 28 50 80 219 22 35 68 + [29 109 + 329 137 824 272 57 302 186 46 385 385 247 - 35.7 247 200 323 192 338 218 311 246 8.0 286 295 + 19.9 1920 192 i 266 4,724 5,877 .29,428 ! 34,827 145 3,459 26,860 804 18,418 85,328 + 63.4 + 64.7 96,831 + 13.5 39,362 26,375 11,944 18,874 84,977 1,314 1913 91 30,334 1913 177 1913 68 1913 157 1913 11 Argentina. Grain shipments: Wheat Corn Oats Flaxseed Visible supply: Wheat Corn Flaxseed thous. thous. thous. thous. of of of of bushs. bushs. bushs. bushs. 18,852 ! 11,782 3,398 | 8,491 1,789 j 1,461 2,271 3,627 thous. of bushs. thous. of bushs. thous. of bushs. 9,655 6,782 1,969 2,720 29,765 12,416 13,759 + 115.9 + 12.9 5.0 - 27.1 37.5 149.9 18.3 59.7 1913 49 1913 153 1913 255 1913 17 1914 549 + 44.9 + 26.0 1913 229 1913 219 - 17.8 + 35.0 1913 193 155 95 141 108 160 135 133 116 142 + 6.8 133 + 14.4 160 173 139 198 133 203 155 166 140 177 + 1,800 6,000 173,788 155,474 149,883 105,370 650,774 942,986 466,766 588,324 178,400 190,600 238,600 273,000 207,853 194,258 1,277,055 1,049,301 918,894 1,240,410 9,310 11,580 10,661 11.354 66,011 46,290 - 29.1 1913 176 57,914 58,360 + 0.! 1913 183 Japan. Total trade (values): Imports Exports thous. of yen.. 188,891 thous. of yen.. 129,679 British India. Total trade (values): Imports Exports thous. of rupees. thous. of rupees. 1913 Australia. Total trade (values): Imports Exports 13 Very large decrease. thous. of £ sterling. thous. of £ sterling. 10,280 10,900 9.4 6.2 41 PRICES. INDEX NUMBERS. Based on data from Government sources.1 [Base year in bold-faced type.] WHOLESALE PRICE INDEX NUMBERS (Revised).* (Compiled by U. S. Department of Labor.) YEAR AND MONTH. Farm products. Food, etc. 1913 m o . av.. 100 100 1914 m o . av.. 103 102 1915 mo. av.. 104 105 1916 m o . av.. 123 121 1917 m o . av.. 190 1918 m o . av.. 218 1919 m o . av.. Cloths Fuel and and clothing. lighting. Metal and metal products. RETAIL FOOD House Building Chemi- furnishAll comPRICES.* Miscel- ! modimate- cals and ing laneous. ! rials. drugs. ties. goods. 100 100 1OO 98 102 108 103 101 101 111 95 106 127 114 123 111 202 125 148 177 146 206 164 215 153 156 194 167 226 192 169 184 175 206 186 236 198 264 200 254 196 226 203 244 168 165 136 195 128 147 153 111 107 239 194 233 201 241 173 242 197 232 200 252 177 205 242 200 234 200 255 178 210 242 206 245 211 271 181 293 213 247 208 247 215 294 177 275 212 248 205 243 219 309 175 202 269 212 275 203 241 219 304 176 202 265 209 274 199 231 207 268 172 281 200 255 205 273 195 226 203 239 174 280 191 240 198 271 188 211 198 202 166 176 215 181 260 179 196 193 163 147 160 204 164 242 166 179 178 135 121 192 153 217 154 170 172 129 120 180 149 217 147 160 158 123 117 140 173 143 216 139 155 156 120 123 205 138 167 135 216 130 148 152 113 112 173 200 138 165 134 209 126 145 145 104 109 137 172 191 133 163 133 196 125 142 144 109 104 119 141 172 186 124 160 129 180 123 141 148 106 109 123 146 171 184 117 156 129 179 119 142 155 109 113 100 92 94 100 101 134 100 127 126 162 120 181 167 175 169 231 157 188 228 170 187 172 231 207 253 181 162 201 1920 m o . av. 218 220 295 241 192 1921 m o . av. 124 144 180 199 129 1920. January February... March April 247 231 339 194 175 274 237 222 346 199 190 293 195 237 220 344 208 197 297 243 238 336 231 203 300 May.... June July.... August. 241 248 328 239 202 237 243 314 250 200 233 238 300 259 218 221 286 269 September. October November.. December.. 210 215 266 187 201 245 173 190 226 264 152 170 215 254 143 162 196 247 153 133 151 188 225 147 127 151 183 212 117 144 176 118 139 114 September. October November.. December.. 1922. January... February.. March April May.. June. Live stock. 100 100 85 99 May.... June July.... August. Crops. 100 95 95 121 100 93 88 1921. January.. February. March April FARM PRICES.* 100 100 100 124 142 178 181 116 156 131 179 118 141 153 109 101 124 140 180 189 116 159 131 180 118 142 153 111 98 121 139 180 197 114 163 129 178 119 141 152 92 120 136 180 199 113 158 127 178 121 140 150 91 122 131 176 195 112 157 124 178 117 138 142 131 135 174 191 110 156 123 177 117 141 142 100 108 130 137 172 191 109 155 125 175 117 142 139 112 117 129 137 171 194 113 156 124 175 116 143 139 114 115 132 138 175 216 119 160 122 176 116 148 139 117 118 95 120 1 Wholesale prices and retail food prices from the U. S. Department of Labor, Bureau of Labor Statistics; farm prices from the U. S. Department of Agriculture, Bureau of Markets and Crop Estimates. 2 The revised wholesale price index number of the U. S. Deparment of Labor, Bureau of Labor Statistics, is based on quotations of 404 commodities. These commodities are arranged in 9 groups as given in the table. In computing this index, the price of each commodity ir weighted by multiplying it by the estimated quantity of that article marketed in the census year 1919. 8 The retail food price index compiled by the Bureau of Labor Statistics represents the changes in the price of 22 articles of foods as reported by retail dealers in 51 of the larger cities as of the 15th of the month. * Farm prices of crops represent the relative average prices to farmers of the 10 leading crops on the first of each month. The live stock farm price index is computed as of the 15th of each month. 42 LUMBER AND FLOORING. INDEX NUMBERS. Based on data from commercial and trade sources,1 [Base year in bold-faced type; numerical data on opposite page.] MICHIGAN HARDWOODS. Production. YEAR AND MONTH. Shipments. MICHIGAN SOFTWOODS. Stocks, end of month. Production. Shipments. Stocks, end of month. MAPLE FLOORING. Production. Shipments. 100 78 76 67 46 100 69 75 50 30 65 73 74 93 63 54 61 53 July August 68 71 76 66 September October . November December 1920. January.. February . March April May June 2 100 2 90 2 75 3 55 74 Unfilled Orders end booked. orders, of month. Relative to 1919. Relative to 1917. 1917 monthly average 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average Stocks, end of month. 100 67 65 53 39 100 74 72 37 40 51 54 52 48 49 58 57 60 66 55 51 54 55 53 51 67 53 52 44 38 25 19 54 60 71 76 1 100 * 79 50 »52 70 100 103 83 1OO 70 69 100 103 199 1OO 36 63 1OO 70 27 47 44 37 47 40 45 114 108 125 122 86 78 92 86 55 61 73 83 87 49 46 62 134 126 112 109 36 52 66 71 38 43 37 48 43 45 48 54 88 100 105 107 89 80 79 68 68 74 78 95 33 28 27 22 84 73 57 45 54 56 57 63 78 57 40 33 35 31 21 12 56 60 62 69 110 107 87 67 52 53 39 33 125 154 178 196 22 17 19 19 38 26 19 15 22 16 28 21 65 71 73 77 28 31 46 55 10 13 27 24 70 72 75 76 53 47 81 74 36 42 62 57 200 198 203 206 30 42 51 61 13 16 17 21 60 56 37 34 21 27 26 26 71 81 81 80 55 46 27 37 37 50 34 41 76 75 71 74 83 90 77 84 67 69 66 80 206 209 209 202 72 57 49 75 25 27 23 28 25 21 21 31 31 48 55 36 79 74 69 67 31 26 48 31 62 74 64 41 71 63 60 61 75 108 113 117 80 93 94 76 187 185 184 200 68 105 102 49 28 38 46 36 54 46 41 48 35 28 29 34 66 58 55 57 26 18 24 51 32 34 34 46 56 51 48 47 110 92 92 91 72 67 89 90 216 222 218 208 50 57 84 98 32 31 37 47 52 38 58 57 54 46 100 115 186 135 66 ! ! s 1921. JfVnil&ry - - r- - - February March April May June July -.. . ... September October . November December. . 1922. January . March April May June , See footnotes on opposite page. 43 LUMBER AND FLOORING. NUMERICAL DATA. From commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] MICHIGAN HARDWOODS. Y E A R AND M O N T H . Production. Shipments. month. MICHIGAN SOFTWOODS. tion. Shipments. Stocks, end of month. MAPLE FLOORING. Shipments. Stocks, end of month. 10,039 11,848 15,448 14,163 38,289 8,259 8,121 15,963 74,724 10,383 8,378 30,749 5,106 8,991 26,723 10,176 11,459 10,882 12,571 12,226 10,191 9,246 10,935 10,238 8,440 9,450 11,347 12,838 12,390 6,980 6,452 8,809 51,255 48,405 42,901 41,819 10,068 10,526 10,561 9;514 9,370 10,790 8,083 10,511 11,371 12,058 14,649 4,702 3,980 3,869 3,183 32,122 28,044 21,729 17,054 Production. Unfilled Orders end booked. orders of month. Thousands of feet, board measure. 27,763 21,573 21,119 18,699 12,652 31,396 21,576 23,427 15,564 9,356 1920. January.. February. March April 17,999 20,276 20,476 25,798 May.... June July.... August. 17,288 11,661 11,294 9,207 6,658 17,741 • 106,216 201,053 '169,080 3122,468 165,984 13,200 12,857 6,494 7,034 * 84,180 «52,994 3 55,518 19, 810 16,951 19,109 16,563 113,889 121,551 8,923 8,263 8,466 10,050 8,278 7,820 6,515 8,296 42,196 47,388 18,779 19,764 21,017 18,356 17, 752 18,895 20, 820 17,314 114,082 120, 253 122,328 119,387 6,283 8,909 11,427 12,225 6,749 7,609 6,501 8,527 45,981 48,301 51,390 56,897 September.. October November.. December.. 14,263 18,539 14,774 14,343 13,754 11,968 13,549 9,895 6,830 5,666 6,274 5,566 3,702 2,095 59,580 63,992 66,230 73,227 11,027 10,782 8,707 6,693 6,135 6,274 4,634 3,928 19,306 23,807 27,520 30,255 3,079 2,456 2,632 2,736 14,726 7,874 5,956 119,949 126,437 126,731 140,074 1921. January February March April 15,119 16,660 19,837 21,224 7,003 5,168 8,897 6,593 145,861 159,161 162,564 172,757 4,842 5,380 7,974 9,457 1,729 2,333 4,773 4,324 74,772 76,563 79,568 80,587 5,289 4,754 8,101 7,479 4,250 4,963 7,300 6,741 30,886 30,620 31,314 31,896 4,299 5,947 7,253 8,630 5,113 6,112 6,392 8,150 May.... June July.... August. 16,786 15,551 10,160 9,382 6,746 8,450 8,092 8,013 157,938 182,474 182,283 179,029 9,559 8,021 4,752 6,568 8,823 6,006 7,217 80,728 80,129 75,722 78,229 8,311 9,038 7,721 8,438 7,963 10,162 8,100 6,968 9,469 31,896 32,271 32,268 31,180 10,564 9,697 10,311 8,961 10,541 6,815 5,750 5,959 8,586 9,708 15,078 17,195 11,330 177,676 166,369 154,948 150,747 5,403 4,519 8,245 5,386 11,048 13,086 11,277 7,219 75,431 66,576 63,677 64,703 7,510 10,851 11,329 11,713 9,472 11,066 11,141 9,042 28,893 28,516 28,383 30,865 9,632 14,897 14,517 6,927 10,868 14,597 17,481 13,894 January February March April 14,896 12,787 11,478 13,402 10,881 8,647 9,173 10,790 148,631 129,070 123,330 127,966 4,575 3,117 4,211 8,893 5,720 6,083 6,103 8,157 59,475 54,605 50,752 49,716 11,024 9,274 9,218 9,093 8,533 7,947 10,548 10,631 33,329 34,248 33,632 32,174 7,051 8,105 11,923 13,853 12,226 11,818 14,282 17,839 May.. June.. 14,479 11,806 130,444 9,832 9,546 48,807 10,701 13,606 28,793 19,076 25,098 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly average average average average average September.. October November.. December.. * 223,961 s 8,234 7,813 9,790 7,266 5,570 1922. i Data on Michigan hardwoods (chiefly maple, birch, basswood, and beech) and Michigan softwoods (chiefly hemlock) are actual figures reported by about 40 mills each month to the Michigan Hardwood Manufacturers' Association. The number of mills varies from 35 to 62, but 44 is the highest number reporting since the beginning of 1920. Data on maple flooring (including also birch and beech) are reports of 20 identical mills each month to the Maple Flooring Manufacturers1 A ssociation, said to represent about 70 per cent of the industry. 8 Quarterly average. 8 Ten months' average. 44 EMPLOYMENT AGENCY OPERATIONS. (A) INDEX NTJMBEES AND (B) NUMERICAL DATA. Based on data from Government sources.1 [Base year In bold-faced type.] JOBS REGISTERED. WORKERS REGISTERED. WORKERS PLACED. Total workEast- Cen- South- West-! East- i Cen- South- West- j I East- Cen- j South- Western tral ern I em i Total. ern | tral ern ern || tral Total. ern ern ern Total. States. States. States. States. States. States. States. States. ! States. States. States. States.! Job. I YEAR AND MONTH. Relative to 6 months' average, July-December, 1921. A . - I N D E X NUMBERS. 6 months' average, 1921.. 1921. July August September October November December 1922. January February March April May June 100 1OO 100 100 1OO 97 102 101 109 97 94 109 100 105 104 97 85 »94 3 104 «96 110 101 MOO «94 102 115 105 130 55 98 112 109 187 92 102 117 106 114 1OO 1OO 95 101 101 97 ! 1OO ! 1OO I 100 ^94 104 I 122 112 115 105 101 94 i 122 120 105 119 145 85 ! 85 92 98 94 84 «84 98 128 131 83 124 \ 79 79 84 78 70 81 93 85 85 119 125 120 138 139 149 186 165 215 85 100 114 142 146 116 115 111 115 164 108 119 102 93 111 85 113 136 »106 101 4 NUMBER OF JOBS. NUMBER OF WORKERS. 1OO 1OO i 1OO 95 101 114 108 98 85 95 109 106 103 90 2 97 •103 <105 116 98 81 87 129 128 177 95 103 134 124 157 85 79 127 135 195 1OO 1OO 99 117 109 98 91 «90 104 137 91 93 85 102 101 90 91 105 119 95 106 : 133 i 144 159 131 81 129 113 167 99 110 97 76 70 NUMBER OF WORKERS. YEAR AND MONTH. 1OO Workers per job. B.-NUMERICAL DATA. 6 months' average, 1921.. 202,132 July August September October November December 196,306 206,368 204,940 | 220,052 ! 195,322 ! 189,806 1922. January February March April May.. June. | \ 172,838 ! 206,405 j 231,981 | 213,167 262,025 94,478 !, 23,941 116,866 29,967 | 53,068 42,913 39,149 41,215 40,942 38,137 33,437 111,353 118,415 131,359 139,953 107,802 92,315 30,353 1*51,694 »8,080 «21,226 89,600 95,427 28,935 | 8,646 24,621 34,446 | 55,874 8,680 32,359 107,354 31,412 J 63,120 12,446 ! 32,975 101,662 29,407 50,138 92,696 7,237 ; 21,020 80,128 25,247 i 41,371 6,505 j 19,192 21,515 38,465 47,040 42,829 73,396 ' 114,492 j 127,344 i 146,298 ; 132,202 142,727 26,087 28,625 24,655 22,267 26,771 100,599 108,163 139,055 161,768 217,382 14,066 10,744 11,971 13,988 15,869 19,131 8,599 25,232 24,068 i 1116,713 14,028 «22,652 3 130,234 13,062 23,923 ;«119,919 14,559 29,247 j 136,597 13,240 29,273 124,780 12,022 20,383 119,958 17,483 18,928 39,299 | 124,700 1921. 43,072 6,835 | 20,630 1.73 23,464 Ml,745 6 5,924 «18,467 j 1.76 22,707 3 44,531 6,760 j 21,429 | 1.74 26,029 45,091 7,969 | 28,265 j 1.56 1.57 7,460 !18,875 25,341 49,986 6,667 t 19,211 ; 1.81 24,568 42,250 21,537 34,828 6,230 17,533 ! 2.06 11 21,022 | 43,004 7,301 ; 29,272 j 92,924 22,821 I 25,379 i 45,139 j 8,630 ' 29,015 82,513 24,616 37,445 j 63,776 j 9,840 \ 27,994 122,227 31,979 29,684 | j 41,673 i 78,938 j 12,247 \ 28,910 j| 120,763 || 49,365 114,100 i 12,552 i 41,365 \ 165,75737,544 36,608 34,026 54,640 58,006 83,813 6,524 26,971 7,257 16,614 9,084 26,524 9,854 23,219 10,879 34,521 1.72 1.91 1.67 1.32 1.21 1 Compiled from weekly reports to the XT. S. Department of Labor, Employment Service, by state and municipal employment agencies. Eastern states included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island (Delaware, Maryland, and Pennsylvania, now reporting, are excluded to show true comparison). Central states are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern states include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas, and Virginia. Western states include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, itsfiguresbeing so small as not to affect the total. •One week in July estimated for South Dakota. » One week in August estimated for Iowa and Michigan. * Month of September for South Dakota and one week for Iowa estimated. » First two weeks in July estimated for Arkansas. s First two weeks in July estimated for Washington. 45 TRANSPORTATION. (A) INDEX NUMBERS AND (B) NUMERICAL DATA. From Government and non-Government sources.1 [Base year in bold-faced type.] MISSISSIPPI RIVER CARGO TRAFFIC. YEAR AND MONTH. Shipments from St. Louis. Receipts at St. Louis. Relative to 1913. EXPRESS EARNINGS. CANADIAN RAILROAD OPERATIONS. Total operat- Operating ing reve- Income, nues. Net Freight operating carried reve1 mile. nue. Relative to 1919. Relative to 1913. CANADIAN RAILROAD OPERATIONS. Receipts at St. Louis. Shipments from St. Louis. { Total I Operat| operating ing [ revenues, j income. Tons. B.—NUMERICAL •; 1913 1914 1915 1916 1917 monthly average.. monthly average., monthly average.. monthly average.. monthly averFge.. 100 50 i 100 103 100 96 86 8,738 4,078 42 ! 112 77 70 7,414 45 | 120 122 111 39 ! 141 135 118 1918 1919 1920 1921 monthly average.. monthly average.. monthly average. monthly average. 29 145 135 75 59 231 100 100 117 43 84 349 129 173 136 17 71 609 124 12 114 , 48 101 207 115 28 155 102 301 110 66 237 112 99 127 11,620 59 294 97 173 122 17,594 '< ! Thousands of tons. Thousands of dollars. A.—INDEX NUMBERS. 100 Net operat! ^ g revenue. DATA. I j ! : 1,919,413 3,96-5 Thousands of dollars. S6,224,251 1,838,608 5,342,357 4 437 1,471,776 4,342,664 7 883 4 750 2 349 614 6 915 408 6 923 5 609 2,598,892 7 323 404 5,038 5,754 10,449 9,174 §12,613 14,827 12,548 13, 845 16,306 24,133 15,640 10,390 3,075 6,155 9,380 11,655 12,748 12,843 14,146 12,279 15,230 21,770 24,975 16,645 23,965 29,790 10,280 20,530 14,875 15,509 14,669 15,463 13,800 17,500 7,580 6,430 21,217 21,002 20,570 20,345 2,585,756 4,688,726 $2,092 2,245,883 2,650,772 3,615 2,605,416 1,040,158 2,184,524 2,972,480 260 • 1920. January.. February. March April May.... June July.... August. September.. October November.. December.. 34 5,965 4,900 (*) 87 604 118 117 118 26 124 751 123 398 118 9 142 411 116 350 128 95 518 123 380 131 128 348 168 13 146 24 131 441 167 13 179 120 74 191 163 12 175 90 45 162 161 10* 159 11 22,525 23,020 13,000 7,885 66 140 62 286 135 41 619 143 87 603 138 22 21 1,400 10,970 7,140 15,300 2,625 11,340 24,550 23,890 17,704 16,992 18,023 17,403 15,745 20,175 14,155 23,050 15,665 18,725 33,310 37,050 16,929 16,779 16,767 11,431 6,985 10,535 16,480 8,575 38,785 30,420 27,155 26,085 15,127 14,951 14,801 10,770 4,338 2,198,078 * 2,667,296 6,294 2,113,338 1 2,065 2,444,311 187,388 3,626 2,349,752 1,069,330 1,592,562 3,319,206 2,453 2,265, 816 8,321 2,264,430 581,949 7,326 2,457,062 '684,071 7,948 2,516,057 488,342 281 2,803,247 1,507,281 269 3,439,898 7,452 246 3,358,029 5,589,908 211 3,054,974 682, 808 177 2,195,008 » 2,072,166 195 2,002,311 *1,431,832 221 2,122,115 1,367,768 277 1,749,308 1,276,419 1,535,229 1921. January.. February.. March.... April May June July August September... October November... December.. . 114 9 11 13 104 83 111 91 89 395 134 1 115 472 133 9 30 80 840 133 5 37 131 934 91 7 98 87 120 9 137 100 40 GO 767 119 10 178 157 94 685 117 4 153 101 658 85 62 133 53 18 1,592,306 184 1,538,356 1,852,984 107 1,685,591 2,281,377 154 1,890,5-49 5,428,943 186 2,624,671 6,204,662 202 3,414,313 9,803,135 88 2,930,344 6,277,760 1,305 2,545,408 3,309,134 1922. January.. February. March April 104 99 104 105 107 127 13,131 13,132 13,440 95 1,900,310 1 113 2,011,226 M 40,316 103 2,436,149 3,568,803 827.619 May.. June. 1 Receipts and shipments of cargo by river at St. Louis (almost ail by Mississippi River) from Mcrchants Exchange of St. Louis; express earnings aro reports to the Interstate Commerce Commission by the American Railway Ezpress Co., and, beginning with May, 1921, by the Southeastern Express Co. also; Canadian railroad operations from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, covering annual reports of all railroads in Canada and monthly reports of all railroads with annual operating revenues of $500,000 or over, which include 98 per cent of the total revenues. a Deficit. 46 MISCELLANEOUS. (A) INDEX NUMBERS AND (B) NUMERICAL DATA, Front Government and non-Government sources.1 [Bade year in bold-faced type.] SAVINGS DEPOSITS. MILK* YEAR AND MONTH. ! Receipts Receipts ! at Greater at Boston (including New York.2 cream).3 Relative to 1913. CANADIAN BUILDINGS. MILK. Balance Receipts at Receipts at Production | to credit ProducMinneapBoston tion Min- I of deposi- Contracts Greater New olis-St. (including neapolis- i tors, San awarded. York.2 St. Paul.< Francisco Paul.< cream).s District. Relative to 1913. Relative to 1919. Thousands of cans, 40 quarts each. 1913 1914 1915 1916 1917 monthly monthly monthly monthly monthly average.. average.. average.. average. average. 100 101 100 106 22 1918 1919 1920 1921 monthly monthly monthly monthly average. average. average. average. 118 93 80 125 1OO 1OO 136 106 143 100 January.. February. March April 124 95 118 89 97 131 104 130 May.... June July.... August. 63 26 10S 90 CANADIAN BUILDINGS. Balance to credit of depositors, San Francisco District. Contracts awarded. Thousands of dollar; B.-NUMERICAL DATA. A.—INDEX NUMBERS. 110 Thousands of quarts. SAVINGS DEPOSITS. 22 1,496 1,513 1,590 1,613 1,652 11,727 12,193 13,059 13,865 13,010 5,715 7,145 7,786 12,141 8580,743 673,382 715,883 12,345 11,594 13,560 13,467 6,389 6,934 7,989 7,777 641,470 6.50,170 655,347 655,661 16.066 9,216 10,581 9,310 7,618 661,774 681,349 673,533 677,118 28,702 20,820 20,163 6,993 8,276 7,070 109 100 116 67 170 123 63 1,763 1,873 2,036 2,142 110 50 1,853 112 57 1,761 112 113 66 1,961 103 109 113 97 1,946 143 111 129 114 90 2,213 150 118 148 117 91 2,249 151 120 130 116 76 2,256 143 113 107 117 73 2,146 14,476 15,348 15,690 14,758 September.. October November.. December.. 135 139 131 133 107 112 101 103 89 89 91 112 118 13,935 14,586 13,201 13,421 6;32S 6,336 6,486 8,012 6S3,574 690,619 696,801 713,168 1921. January... February.. March April 132 124 143 141 101 94 110 106 May.... June July.... August. 15-3 161 September. October November.. December.. 26 49 8,320 15,836 21,301 20,011 1920. 18,337 21,278 31,0~2 29,283 24,258 23,475 120 48 123 27 2,027 2,075 1,953 1,992 139 153 183 182 123 28 : 55 32 '' 68 1,978 1,854 2,143 2,111 13,180 12,321 14,334 13,857 9,934 10,898 13,100 13,023 711,973 715,769 716,871 712,190 119 225 123 229 125 162 118 179 123 119 110 165 122 84 83 55 113 2,289 2,414 2, 427 2,229 15,525 16,054 15,383 14,311 16,098 16,375 12,758 11,773 714, 574 726,318 714,928 711,145 26,860 123 151 108 137 122 140 123 122 100 136 123 131 103 171 126 14,045 13,786 13,115 13,484 9,767 9,996 9,739 12,266 709,498 711,457 712,653 733,220 19,506 105 61 59 52 60 2,262 144 137 113 192 126 104 182 128 118 103 207 128 26 33 42 2,050 128 144 110 192 128 14,743 13,523 13,438 14,428 13,698 13,031 14,812 13.687 734,089 741.565 744,599 742,928 16,287 16,114 747,2% J 119 123 123 123 2,155 1,826 2,012 18,170 15,399 8,747 8,948 17,6U 10,257 21,622 26, 437 17,741 36,307 18,997 16,640 19,119 1922. January.. February. March April May.. June.. 129 1,908 2,209 2,156 109 111 8,393 10,718 13,465 29,428 34,827 35,020 1 Milk receipts at Greater New York from the Milk Reporter; at Boston from Massachusetts Department of Public Utilities; milk production in Minneapolis-St. Paul district from Twin Cities Milk Producers Association; savings deposits in San Francisco Federal Reserve district from Federal Reserve Bank of San Francisa; Canadian building contracts from McLean Building Reports (Ltd.). 1 Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey. 1 Receipts of milk by rail, including cream. 4 Production of whole milk by members of the Twin City Milk Producers' Association including most of the area within a 40-mile radius of Minneapolis and. St. Paul. 47 SOURCES OF DATA. SOl'liCE. CURRENT PUBLICATION.1 DATA. DATE Of PUBLICATION. -REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN. A USTRALIAN COMMONWEALTH'S Bu- I Price index for Australia REAU OF CENSUS AND STATISTICS. I ! Federal Reserve Bulletin Second week of month. | Federal Reserve Bulletin Second week of month. ! BANK o r JAPAN Price index for Japan CANADIAN DEPARTMENT or LABOR Price index for Canada j Labour Gazette (Canadian) Employment in Canadian trade unions I Employment Operations of Canadian employment service...' Employment. Monthly. Semimonthly. Semimonthly. CANADIAN DEPARTMENT AND INDUSTRY. Foreign trade of Canada. Canadian railroad operations Monthly. Monthly. OF TRADE Foreign trade of Canada.. j Operating Revenues, etc.," of" Railways *. FEDERAL RESERVE BANK OF CHICAGO. Savings deposits in Seventh Federal Reserve j Business Conditions Monthly. District. FEDERAL RESERVE BANK OF N E W Foreign exchange rates and index YORK. i Federal Reserve Bulletin and daily state- i Daily and monthly. I ment. Savings deposits in Third Federal Reserve | Business and Financial Conditions Monthly. District. } FEDERAL RESERVE BANK OF SAN j Savings deposits in Twelfth Federal Reserve Business Conditions j Monthly. FEDERAL RESERVE BANK OF PHILADELPHIA. FRANCISCO. FEDERAL RESERVE BOARD J District. Foreign exchange index numbers.. Federal Reserve Bulletin ! Monthly (second week of month). Federal Reserve Bulletin and weekly press Sunday newspapers and monthly. releases.* Condition of Federal Reserve banks Federal Reserve Bulletin and weekly press j Friday morning newspapers and releases.* | monthly. i Condition of reporting member banks j Federal Reserve Bulletin and weekly press ! Friday afternoon newspapers and ! | releases.* ! monthly. Money held outside U. S. Treasury and j Federal Reserve Bulletin (Monthly. i Federal Reserve Systems. i j | Wholesale price index numbers I Federal Reserve Bulletin j Monthly. i Department store trade; in cooperation with Federal Reserve Bulletin .! Monthly. ! National Retail Dry Goods Association. j I : Index numbers of department store and gro- [ Federal Reserve Bulletin | Monthly. | eery trade. i Barley and rye receipts Federal Reserve Bulletin Monthly. i Debits to individual accounts FEDERAL TRADE COMMISSION ! Paper and wood pulp production, prices, e t c . . Monthly press releases *... INDIAN DEPARTMENT OF STATISTICS. . . ! Price index for India INTERSTATE COMMERCE COMMISSION--! Railway revenues and expenses MASSACHUSETTS DEPARTMENT PUBLIC UTILITIES. j Telephone operating revenue and income ; Telegraph operations and income ! Express operations and income OF j Milk receipts at Boston Newsprint, 20th to 25th of the month, other paper and wood pulp, 1st >,{ following month. Second week of month. Federal Reserve Bulletin | Preliminary statement of operations of I Monthly.. Class I roads. Not published.. Not published.. Not published. Not published N E W YORK STATE DEPARTMENT OF ; New York State factory employment and j Labor Market Bulletin and rress releases*.' Monthly. LABOR. J earnings. j N E W YORK STATE DEPARTMENT OF j New York State canal traffic PUBLIC WORKS. [ Yearly. I I PANAMA CANAL i Panama Canal traffic PENNSYLVANIA DEPARTMENT OF LA- | Unemployment in Pennsylvania BOR AKD INDUSTRY. j The Panama Canal Record Semimonthly report* j U.S. DEPARTMENT OF AGRICULTURE— Beef, pork, and lamb production BUREAU OF ANIMAL INDUSTRY. ! Annual report j J j Market Reporter » j • Last weekly issue of month. I Semimonthly. j Last weekly issue of month or firs; s U. S. DEPARTMENT OF AGRICULTURE— j Prices of farm products to producer | Monthly Crop Reporter BUREAU OF MARKETS AND CROP i Wool consumption and stocks j Market*Reporter» ESTIMATES.< j Crop production Monthly Crop Reporter 3 j releases.* Market ! Cold storage holdings and fish frozen - . . Reporter' . - . . .. Market Reporter» I Movement of cattle, hogs, and sheep, Receipts of butter, cheese, eggs and poultry...; Market Reporter*J 1 Production of dairy products j Market Reporter I Car lot shipments of fruits and vegetables J Market Reporter 2 i Farm labor, wages, supply, etc. j Monthly Crop Reporter 3 ! of next month. i Monthly. i First weekly issue of month. and press I Releases about 1st of month (cotton) ! and 10th (other crops). weekly issue of 'month. ], Fourth Third weekly'issue of month. Weekly. I Quarterly. ! Third weekly issue of month. ' Monthly. U. S. DEPARTMENT OF C O M M E R C E - ; Cotton ginned I Cotton consumed and on hand BUREAU OF THE CENSUS. I Preliminary report on gin n ings * ' Semimonthh' during season. Preliminary report on cotton consumed... | 15th of month. I Reports on wool machinery and on cotton j 20th of month. ; I spindles.* j Leather, hides and shoes, production and I Census of hides, skins, and leather * First week of month. stocks. j JFth of month. Cotton seed and cottonseed oil j Preliminary report on cotton seed Stocks of tobacco held by manufacturers and , Statement on stocks of leaf tobacco Quarterly (one month after end of dealers. quarter). Fats and oiJs, production, consumption, and Statistics of fats and oils * Quarterly (one month after end of stocks. quarter). Stocks of coal, in cooperation with Geological Commercial stocks of coal * Bimonthly hereafter. Survey. 15th of month. Fabricated struc. steel sales from April, 1922.. Press release * 1 Monthly statement U. S. DEPARTMENT OF C O M M E R C E - Fish catch Active textile machinery. BUREAU OF FISHERIES. U. S. DEPARTMENT OF COMMERCE— Monthly Summary of Foreign Commerce. Last week of month. (Part I.) » Tonnage of vessels, entered and cleared in Monthly Summary of Foreign Commerce. Middle of next month. United States foreign trade. (Partll.) Data on trade, employment and coal and iron Various foreign sources production of foreign countries. Wholesale price of wool Wholesale Prices. Yearly. Warehouse stocks of rice Monthly Summary of Foreign Commerce. I Monthly. (Part II.) I ; • Multigraphed or mimeographed sheets. 1 This is not necessarily the source of the figures published in the SURVEY as many of them are obtained direct from the compilers prior to publication in the respective Journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the SURVEY. •1 Beginning Jan. 7,1D22, combined into new publication called Weather, Crops, and Markets, issued weekly. Imports and exports of gold and silver in Part II. 4 Beginning July 1, 1922, merged into Bureau of Agricultural Economics. BUREAU OF FOREIGN AND DOMESTIC COMMERCE. All imports and exports 48 SOURCES OF DATA—Continued. DAT! OF PUBLICATION. CURRENT PUBLICATION. I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued. Vessels under construetlon and vessels com- Commerce Reports. pleted. Building material price indices Not published U. 8. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION. U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS. I First weekly iisue of month (Mondays). Wheatflourproduction, prior to July, 1920 U. S. GRAIN CORPORATION U. S. DEPARTMENT OF THE INTERIORBUREAU OF MINES. U.S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY. U. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE. 1 No longer published. Refined petroleum products, production, etc.. Refinery Statistics*., Report on Portland cement output *.. Weekly report on production of coal *. Preliminary statistics on petroleum * . Production of electric power * Number on pay roll—United States factories.. Industrial Survey * Beport of Activities of State and MuniciEmployment agency operations pal Employment Agencies. Portland cement, production, etc.. Coal and coke production Crude petroleum, production, etc.. Electric power production U. S. DEPARTMENT OF LABOR—BUREAU OF IMMIGRATION. Immigration and emigration statistics U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS. Wholesale prices of commodities, including i Not published farm products, food, clothing, metals, etc. ' Wholesale price index Monthly Labor Review. Retail price index of foods Monthly Labor Review. Retail coal prices Monthly Labor Review. | Postal Savings News Bulletin.. United States postal savings. Postal receipts j Statement of Postal Receipts *. U. S. POST OFFICE DEPARTMENT U. S. TREASURY DEPARTMENT. U, S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE. Second week of month. 20th of month. Second or third weekly igsue of month (Saturdays). 25th of month. End of month. First week of month. Every 4 or 5 weeks. j Not published.. Government debt, receipts and disbursements. Oleomargarine production Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Iron ore movement Sault Ste. Marie Canal traffic Monthly. Monthly. Monthly. i Daily Statement of the U. S. Treasury Last day of month. Not published Statement of tax-paid products *.. First week of month. Not published Not published WISCONSIN INDUSTRIAL COMMISSION.. . Wisconsin factory earnings and employment.. Bulletin on Wisconsin labor market * U. S. WAR DEPARTMENT—ENGINEER CORPS. 12th of month. 7th of month. 15th of month. n.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS. (Excluding individual firms reporting data to be combined with other firms or trade associations.) ABERTHAW CONSTRUCTION C O . Building costs Construction trade papers. ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE. Sales of abrasive paper and cloth N ot published AMERICAN ASSOCIATION OF MANUFACTURERS OF PRODUCTS FROM CORN. Corn ground into starch, glucose, etc Not published AMERICAN BUREAU OF METAL STATISTICS. Copper production Zinc production in Belgium Zinc stocks in United Kingdom Not published Not published Not published AMERICAN FACE BRICK ASSOCIATION, Face brick production, stocks, etc AMERICAN IRON AND STEEL INSTITUTE Steel ingot production j Press release to trade papers • . AMERICAN PIG IRON ASSOCIATION Merchant pig iron production, etc ! AMERICAN Freight car surplus Car loadings Bad-order cars i Summary of Car Surplusages and Short< ages.* , Summary of Car Surplusages and Short| ages.* ; Information Bulletin * j Information Bulletin • Stockholders in the company : Financial papers RAILWAY (Car Service Division). AMERICAN TELEPHONE GRAPH Co. ASSOCIATION Freight car shortage AND TELE- AMERICAN WRITING PAPER COMPANY. Purchases and sales of paper Not published Production and stocks of zinc ANTHRACITE BUREAU OF INFORMATION Anthracite shipments and stocks ASSOCIATION OF PRESIDENTS. New life insurance business Not published BOSTON CHAMBER OF COMMERCE Receipts of wool at Boston Trade papers BRIDGE BUILDERS AND STRUCTURAL SOCIETY. Fabricated structural steel sales before April, Press release to trade papers * . . . 1922. ; INSURANCE Press release io trade papers * : Statement of anthracite shipments *. BUREAU OF RAILWAY ECONOMICS . . . Number of tons carried 1 mile ; Summary of operating statistics. ' Not published ' Summary of operating statistics. CALIFORNIA REDWOOD ASSOCIATION. . Redwood lumber production, etc \ Not published Average receipts per ton-mile Passengers carried 1 mile CALIFORNIA WHITE AND SUGAR PINE ASSOCIATION. Sugar pine lumber production, etc Not published CHICAGO BOARD OF T R A D E . Receipts and shipments of wheat and corn Trade papers CONTAINER CLUB Production of paper box board Not published • Multigraphed or mimeographed sheets. Weekly. Weekly. Weekly. Third week of month. Quarterly. Not published AMERICAN ZINC INSTITUTE LIFE 7th of month. Not published 15th of month. 15th of month. Daily. 15th of month. Monthly. Monthly. Daily. 49 SOURCES OF DATA—Continued. DATE O f PUBLICATION. CURRENT PUBLICATION. II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued. CRIDIT CLEARING HOUSE Credit conditions Credit F. W. Building statistics—Contracts awarded Statement on Building Statistics ENAMELED SANITARY MANUFACTURERS ASSOCIATION. Enameled sanitary ware Not published FEDERATION British iron ati'd steel production Trade papers GEORGE A. FULLER COMPANY Hotel and office building costs Not published.. ILLUMINATING GLASSWARE GUILD Illuminating glassware production, orders, etc. N ot published. JACKSONVILLE CHAMBER OF COMMERCE Turpentine and rosin receipts | Naval Stores Review.. Weekly. KNIT GOODS AMERICA. Knit underwear production, etc ' Monthly report * Monthly. DODGE CO OF IRON AND STEEL MANUFACTURERS (British). MANUFACTURERS OF Weekly Second week of month. , Monthly report (not published). LEATHER BELTING EXCHANGE Sales of leather belting. MAPLE FLOORING ASSOCIATION. Maple flooring production, etc I Not published MCLEAN BUILDING REPORTS, L T D . . . Cannadian building contracts ! Canadian Building Review MERCHANTS' EXCHANGE OF ST. LOUIS. Receipts and shipments of lead and zinc MANUFACTURES' | Monthly. Monthly. 3d of month. Receipts and shipments at St. Louis. Mississippi River traffic MICHIGAN HARDWOOD ERS' ASSOCIATION. MANUFACTUR- j Not published j Hardwood and softwood lumber, production j N ot published and shipments. | MINNEAPOLIS CHAMBER OF COMMERCE . Linseed oil and oil-cake shipments j Monthly statements NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANUFACTURERS. Production of paper-box board j Not published NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. Sheet-metal production and stocks j Not published. NATIONAL ASSOCIATION MANUFACTURERS. 1913 figures for active textile machinery. N o longer published., NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. Production and shipments of passenger cars and trucks. Traffic bulletin * (production figures not j Second week of month, published). i NATIONAL BOTTLE ASSOCIATION. Glass bottle production index Not published Cost of living. Monthly press release NATIONAL RETAIL DRY GOODS ASSOCIATION. Department store trade (see Federal Reserve Board). Federal Reserve Bulletin NATIONAL WOOD CHEMICAL ASSOCIATION. Production of wood alcohol and acetate of lime. Not published. NATIONAL BOARD. OF WOOL MANUFACTURERS' INDUSTRIAL CONFERENCE N E W ORLEANS BOARD OF TRADE Rice distribution through New Orleans Monthly report NEWS PRINT SERVICE BUREAU Canadian newsprint production, etc Monthly bulletin N E W YORK COFFEE AND SUGAR E X CHANGE. Coffee receipts, stocks, etc Monthly statement N E W YORK METAL EXCHANGE Stocks of tin Trade papers NORTH CAROLINA PINE ASSOCIATION. North Carolina pine, production, etc. Not published NORTHERN HEMLOCK AND HARDWOOD MANUFACTURERS' ASSOCIATION. Hemlock and hardwood lumber production, etc Not published OAK FLOORING ASSOCIATION. MANUFACTURERS' Oak flooring, production, etc. Not published OHIO FOUNDRYMEN'S ASSOCIATION. . Ohiof oundry iron production Monthly report * (not published). OPTICAL TION. Spectacle frames and mountings, sales, etc Not published MANUFACTURERS' ASSOCIA- ! 21st of month. Monthly. ; First week of month. | First week of month. j j PENNSYLVANIA RAILROAD CO Stockholders in the company ; Financial papers Quarterly. PENSACOLA CHAMBER OF COMMERCE Turpentine and rosin receipts : Naval Stores Rewew Weekly. PULLMAN COMPANY Pullman passenger traffic j Not published REFRACTORIES MANUFACTURERS' ASSOCIATION. Fire-clay brick production, etc j Not published Silica brick production, etc j Not published RICE MILLERS' ASSOCIATION Rice receipts, stocks, etc j Monthly report RUBBER ASSOCIATION OF AMERICA... Automobile tires, tubes, and raw material j Monthly reports (not published). SANITARY POTTERS' ASSOCIATION Sanitary pottery orders SAVANNAH BOARD OF TRADE Turpentine and rosin receipts SAVINGS BANKS ASSOCIATION OF STATE OF N E W YORK. Savings banks deposits in New York State.... j Not published SILK ASSOCIATION OF AMERICA . Raw silk consumption, etc Monthly press release to trade papers • — 5th of month. • Multigraphed or mimeographed sheets. Not published i Naval Stores Review Weekly. 50 SOURCES OF DATA—Continued. CURRENT PUBLICATION'. DATE OF PUBLICATION. I I . - R E P O R T S FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued. SOUTHERN PINE ASSOCIATION Yellow pine production and stocks Not published STEEL, Steel barrel shipments Monthly reports • (not published).. BARREL MANUFACTURERS' ASSOCIATION. TANNERS' COUNCIL Not published.. i Leather production TWIN CITY MILK PRODUCERS' ASSOCIATION. U. S. STEEL CORPORATION ; Milk production, Minnesota Not published. Unfiliedorders I Earnings i Stockholders Wages of common labor Press release * Press release * Financial papers Special reports • 10th of month. Monthly. Quarterly. Occasionally. Monthly. UNITED TYPOTDETAE OF AMERICA Printing activity Typothetae Bulletin WEST COAST LUMBERMEN'S ASSOCIATION. Doudas fir lumber production, etc Not published WEBBING MANUFACTURERS' CHANGE. WE.-*TERN PINE ASSOCIATION. E X - Sales of elastic webbing MANUFACTURER:-?' Not published Western pine lumber production, etc. Not published. DATE OF PUBLICATION. HI.—REPORTS FROM TECHNICAL PERIODICALS. AMERICAN METAL MARKET Composite pig iron and steel prices. First or second week of month (dally). THE ANNALIST New York stock sales New York closing stock prices First wockly issue of month (Mondays). Weekly (Mondays). THE BOND BUYER. Stale and municipal bond issues.. Muncipal bond yields First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Visible supply of wheat and corn Bank clearings, United States and Canada. Price index Weekly (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month (Saturdays'). BRADSTREET'S Business failures, Canada BULLETIN DE LA STATISTIQUE GENERALS CHEMICAL AND METALLURGICAL E N G I N E E R I N G . . . COMMERCIAL AND FINANCIAL CHRONICLE Dow, JONES A Co. (WALL STREET JOURNAL). DUN'S REVIEW Monthly. Price index for France .. Chemical price index. Weekly (Wednesdays). .. Cotton (visible supply) , Interest rates ." Mail order and chain store sales j Weekly (Saturdays). | Weekly (Saturdays). j Second or third weekly Issue of month (Saturdays). First week of month (daily). First week of month (daily). . . New York bond sales New York bond prices.. First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Business failures. Price index Second weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). ENGINEERING AND MINING JOURNAL-PRESS Rand gold production. ENGINEERING NEWS RECORD Silver prices Construction cost and volunio index FINANCIAL POST Canadian bond issues Weekly (Thursdays). FRANKFURTER ZEITUNG. Price Index for Germany Monthly. IRON AGE Pig iron production First weekly issue of month (Wednesdays) Weekly (Wednesdays). | Composite finished steel price IRON TRADE REVIEW Iron and steel prices LONDON ECONOMIST Price index for United Kingdom MILK REPORTER Milk receipts at Greater New York MODERN MILLER Argentine visible supply of wheat and corn. NAVAL STORES REVIEW Turpentine and rosin, receipts and stocks.. NEW YORK JOURNAL OF COMMERCE NEW YORK EVENING POST. NORTHWESTE RN MlLLER OIL, PAINT, AND DRUG REPORTER OIL TRADE JOURNAL PRINTERS' INK RUSSELL'S COMMERCIAL NEWS STATISTICAL SUGAR TRADE JOURNAL First weekly issue of month. Weekly (Thursdays). 10th of month. Dividend and interest payments New corporations.. New capital issues Fire losses.. Newspaper advertising Weekly. Weekly. Weekly. First week of month (daily). First week of month (daily). First week of month (daily). 10th of month (daily). ' Not published. Flaxsecd, receipts, etc Argentine grain shipments Wheat flour production for 1917 j Price indices of drugs, oils, etc Argentine shipments and supply of flaxseed. Mexican petroleum shipments Weekly. Weekly. Weekly (Mondays). Weekly (Mondays). 10th of month (monthly). Magazine advertising Second week of month. Wheat flour production, from July, 1920 Weekly compilation (daily). Sugar stocks, receipts, meltings, and Cuban statistics... Weekly (Fridays). * Multigraphed or mimeographed sheets. O