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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY

BUREAU OF THE CENSUS :

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

No. 23

: BUREAU OF STANDARDS

JULY

1923

CONTENTS
Pag«.

Page.

Summary for May
Business indicators (diagrams and table)
Wholesale price comparisons (diagram and table)
Comparison of wholesale price index numbers (diagram)
Business conditions in May
Employment in basic industries (diagrams)
Index numbers of production and marketing
Trend of business movements:
Summary of business
Textiles
Metals
Fuel and power
Paper and printing
Rubber and automobiles
Glass and optical goods
Building and construction
Hides and leather
Chemicals, naval stores, and oils
Foodstuffs

1
2
4
6
7
19
21
23
24
25
27
28
29
29
29
32
33
34

Trend of business movements—Continued.
Tobacco
Transportation
Labor
Price index numbers
Distribution movement
Public
finance
Banking and
finance
Foreign exchange and trade
Trade and industry of foreign countries
Monthly data since 1913
Detailed tables:
Cotton
Public utilities
Miscellaneous
World crop production
Imports into the United States
Exports from the United States
Sources of data

37
37
38
38
39
40
40
42
43
45

,..

46
48
50
52
54
55
57

SUMMARY FOR MAY.
Production of commodities continued at the level
attained in March and generally exceeded the ApriJ
output. Several important industries, such as pig
iron, steel ingots, petroleum, and automobiles, again
made new high records. The large production did
not have any appreciable effect upon stocks on hand,
but unfilled orders and sales again declined.
The advance in wholesale prices, which was arrested
in April, turned into an unmistakable decline in May.
Retail food prices remained unchanged, but the cost
of living index advanced over April.
Employment continued to increase in May, and
wages were reported as higher than in April.
53850—23




1

Distribution through wholesale channels was larger
than in April. Retail sales in mail-order houses made
a seasonal decline, but chain-store and departmentstore trade was larger than in April. Bank clearings
and debits to individual accounts also reflected
increased trade. Business failures increased in number, but total liabilities declined. Life insurance
sales were less than in April, and security prices
declined.
The transportation situation shows a surplus of
idle cars in place of the previous shortage, while
car loadings again made a record for this season of
the year.

BUSINESS INDICATORS.
(1913 monthly average=100. See explanation on inside front cover.)
PIG IRON PRODUCTION.
1020

1921

COTTON CONSUMPTION.

BITUMINOUS COAL PRODUCTION.

1992

1.000
900
60C

600

B

400

A

100

\

A—f—
\ /

/
\

/

v

8 88

s

8 8

INDEX

^V

40

20

10

10

BANK CLEARINGS OUTSIDE NEW
YORK CITY (VALUES).

EXPORTS (VALUES).

NET FREIGHT TON-MILES.
1920

1922

I92S
800

non

600

400

400

X NUMBERS

V

1

200

\J ^—> y^_

100
90

5 eo

60
40

40

20

10

DEFAULTED LIABILITIES (VALUES).

D

—

600

PRICES OF 25 INDUSTRIAL STOCKS.

WHOLESALE PRICES.
1921

1.000,

1922

I«B
900
600

600

•

100
80
60
40

I
ri

s^
8 8

*\ rw

300

^ ^ ^

/
f

2Q




—s——uu
BO
40

30

20

in

i

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.
1922

MONTHLY AVERAGE.

1923

COMMODITY.

1920

1921 ! 1922 Apr.

May. ; June, j July, j Aug. Sept.

Oct. Nov. j Dec.

Jan. Feb. j Mar.

Apr.

May

1913 monthly average =100.
Production:
;
Pig iron •
Steel ingots
!
Copper
Anthracite coal
Bituminous coal
j
j
Crude petroleum
Cotton (consumption) * <
I
Beef
!
Pork
j
Unfilled orders:
Steel Corporation
Stocks:
Crude petroleum
Cotton (mills and warehouses) *«. J
Prices:
j
Wholesale index, all commodities
(Dept. Labor)
Retail food (Dept. Labor)
Retail coal, bitum.—U. S. average
(Dept. Labor)
Farm crops (Dept. Agriculture)l...
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, net ton-miles

119
135
99
97
116
178
111
121
111

54
64
39
99
87
189
85
109
116

87
114
81
58
85
222
102
121
129

81
115
75

90
128
90

40
216
92
106
105

51
224
103
124
133

92
124
93
1
56
220
106
125
149

170

90

96

86

89

95

98

101

113

109
150

152
183

234
161

225
151

235
128

244
103

249
87

250
83

251
138

253
184

252
191

252
193

226
203

147
153

149
142

143
139

148
139

150
141

155
142

155
139

153
140

154
140

156
145

156
147

156
144

157
142

159
142

159
143

156
143

207
238
168

197
109
107

188
113
111

177
115
115

175
118
118

175
119
119

175
118
119

184
114
112

205
110
109

205
110
110

208
118
105

207
123
104

206
126
106

205 ; 203
134
130
106
107

192
139
107

186
140
105

108
184
67

230
136
64

229
169
75

322
163
74

195
166
76

168
166
74

176
170
77

177
178
82

162
184
83

152
191
83

177
182
76

256
187
74

217
190
74

179 | 213
198
199
78
79

227
195
76

181
186
73

257
275
127

205
212
113

230
229
76

238
213
79

244
228
74

255
234
70

233
223
65

215
225
68

219
234
72

249
266
76

220
245
76

240
258
80

251
289
80

213
230
80

251
271
87

228
261
89

244
271
89

294
331
264

140
181
188

174
154
204

145
154
196

169 i 174 169
149 j 162 145
194 | 174 154

188
146
157

200
151
190

185
179
268

195
184
277

196
166
287

221
162
243

203
148
232

266
165
290

244
157
272

248
154
260

137

105

114

90

102 | 106
i

111

125

144

139 i 132 138 | 119 144
i
,
I

140

94 \ 71 79
117 | 104 112
92 | 98 95
65
2
43
56
103
225
225
219
95
109
103
119
127
131
117
109
101

99

103
135
101
112
113
231
111
141
113

111
136
101
112
114
230
120
134
146

121
131
103
111
117
242
109
124
183

126
153
110
114
126
249
127
125
188

117
138
101
102
106
234
118
107
156

138
160
120
117
117
271
129
117
177

139
156
116
106
107
281
120
119
153

151
167
122
112
116
299
129

117 i 116 114

117

123

125

123

118

6 241 6 243 6 247 •252
142
124
176 156

6 260
103

1919 m o n t h l y average=100.
Production:
Lumber«
100
Building contracts (floor space)
72
Stocks:
Beef
70
Pork
97
Business finances:
Bond prices index (40 issues)
86
Banking:
Debits to individual accounts, outside New York City
114
Federal Reserve, bills discounted... 132
Federal Reserve, total reserves
! 97
Federal Reserve, ratio
87

85
69

114
102

107
125

126
128

132
130

122
111

129
116

124
95

123
100

124
101

96
83

109
83

99
89

131
139

130
138

135
129

43
85

27
70

27
76

24
83

21
94

20
91

20
81

22
67

28
47

40
50

48
68

48
82

42
92

38
102

33
112

27
109

87

107

107

108 I 108 109

111

112

110

107

107 107

106

91
91
122
122

97
28
144
154

94
30
143
156

92
29
143
155

90
21
146
158

94
22
146
156

105
24
147
155

98
34
146
152

98
24
144
154

93
20
145
158

112 I 1 1 2 96
31
33
31
147
146
144
153
152
144

104 j 103

112 i 107
36 | 33
145
145
153
150

116
38
146
152

* Monthly statistics on the movements since January, 1913, or as far back as availablo, are given on pages 47-49 of the December Survey (No. 16).
i Monthly prices are for the 15th of the month indicated.
»Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hard
and soft woods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of
34,552,000,000 board feet reported by the census.
" Less than 1.
* Yearly figures are monthly averages for the crop year ending July 31 of year indicated.
* Does not include stocks of topped oil or crude oil held at refineries; this omission reduced the January stocks by about 15,000,000 barrels.




COMPARISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR.
(Relative prices 1913-100.)
INDEX NUMBERS
300
400

500

600

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. M I D D L I N G
WOOL. OHIO. UNWASHED
CATTLE. STEERS
HOGS. HEAVY
SHEEP. EWES
SHEEP. LAMBS
FLOUR. SPRING
FLOUR. W I N T E R
SUGAR. RAW
SUGAR. GRANULATED
COTTONSEED OIL
BEEF. CARCASS
BEEF. STEER. ROUNDS
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 (BOSTON)
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE
PETROLEUM
PIG IRON. FOUNDRY
PIG IRON. BASIC
STEEL BILLETS. BESSEMER
COPPER
LEAD

• E Z Z 3 PEAK PRICE
PRICE IN MAY 1923

TIN
ZINC
LUMBER. PINE. SOUTHERN
LUMBER. DOUGLAS FIR
BRICK. COMMON. NEW YORK
BRICK. COMMON. CHICAGO!
CEMENT
STEEL BEAMS
V
RUBBER. CRUDE
SULPHURIC ACID




•

DECEMBER

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 Agricultural Economies. All other prices are from V. S.
Department of Labor, Bureau of Labor Statistics, except market price of wool compiled by U. S. Department of Commerce, Bureau of the Census. As far as possible all quotalions represent prices to the producer or at the mill. See diagram on opposite page.

COMMODITIES.

Date and m a x i m u m
relative price.

March,
1923.

April,
1923.

May,
1923.

Relative price.

; crease (—)
in April
from May.

(1913 average-100.)
F a r m products—Average price to p r o d u c e r s :
Wheat
Corn

Potatoes
,
Cotton
Cottonseed
Wool
Cattle,beef
Hogs
Lambs
F a r m 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)
I
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
j
Cottonseed oil, prime summer yellow (New York)
'
Beef, fresh carcass good native steers (Chicago)
!
Beef, fresh steer rounds No. 2 (Chicago)
i
Pork, loins, fresh (Chicago)
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)
l
Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York)
Worsted yarns: 2/32's crossbred stock, white, in skein (Boston)
Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York)
;
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)
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis)
j
Fuels:
j
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:
i
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilvered, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western, early delivery (New York)
Building materials and miscellaneous:
Lumber, pine, southern, yellow flooring, 1 x 4, " B " and better (Hattiesburg district)
Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington)
Brick, common red, domestic building (New York)
Brick, common building, salmon, run of kiln (Chicago)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district)
Steel beams, mill (Pittsburgh)
Rubber, Para Island, fine (New York)
Sulphuric acid, 66* (New York)
•




June, 1920

326

133

135

135

July,

1920

300

120

123

138

June,
July,
May,
July,
May,
July,
Apr.,

1920
1920
1920
1918
1919
1919
1920

706
312
321
344
183
256
239

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

May,
May,
May,
May,
July,
Sept.,
July,
Sept.,

328
363
598
526
374
201
211
254

1920
1917
1920
1920
1919
1920
1920
1919

May, 1920
Apr., 1920
May, 1920
Jan., 1920
Oct., 1918
July, 1920 ,
Jan., 1920 i
Aug. 1919 |
Aug., 1919
Mar., 1920
Aug., 1919

348
478
427
289
292
291
466
283
490
308
292

Sept., 1922
Oct., 1921
Aug., 1920
Mar., 1920

I Percent
I increase

-j (+)orde-

107

123

128

231

237

213

207

213

214

211

223

250
98

94

95

102

100

95

178

180

180

136

133

131

138

134

131

118

118

130

122

123

120

107

106

108

136

130

122

208

208

208

226

240

216

236

232

236

110

109

112

94

98

89

143

153

132

188

183

169

146

145

147

145

146

148

176

208

227

171

201

220

150

163

162

114

112

112

105

111

112

105

100

130

2.9
3.0
5.9
4.9
1.8
6.4
0.0
4.0
2.9
4.4
2.2
2.4
3.2
0.9
9.0
0.0
4.4
1.7
5.7
6.3
18.0
0.6
3.3
0.7
1.8
2.3
0.0
0.0
0.9
26.2

198

203

190

232

238

212

206

208

202

225

225

232

176

184

184

227

227

239

241

237

232

108

105

101

88

88

90

210

209

209

153

153

153

336
201
637
375

222

222
200

292

300

185

198

200
200
211
163

-

200

-

9.1
0.0
18.5
16.4

July, 1917
Sept., 1920
July, 1917
Mar., 1917
June, 1917
May, 1918
June, 1915

346
330
388
230
261
224
386

183

202

200

179

205

197

154

172

173

98

108

99

185

193

168

94

109

95

130

141

121

-

2.4
6.6
1.1
8.3
10.6
7.8
9.0

Feb., 1920
Jan., 1920
Feb., 1920
Oct., 1920
Sept., 1920
June, 1917
Jan., 1913
Feb., 1916

455
407
381
251
195
331
124
250

221

230

224

-

212

236

236

305

305

305

175

178

178

173

173

173

139

146

172

38

36

31

70

70

75

3.4
0.0
0.0
0.0
0.0
0.0
8.8
5.6

+
+
+

4-

5.0
7.4
3.8
3.1
0.0
5.3
9.1
1.0
2.3
0.0
0.0

COMPARISONS WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE.
(U. S. Department of Labor index numbers. Relative prices 1913=»100.)
1918

1917

1918

1919

4A0

840

V
" i

220

y

y
-

a
/
/

\

180

—1

Ui

I \
I

no

X
UI

-

~

-

J

/

-

i

T

/

\

i

>

,'
160

°°
1/

I

-

1
160

II

140

\

/

/

/

/

1
1

1

''
/ -

*

130

/
i

-

*

y

/
-

1913

ER AG E

100

-




/
/
/-

\\\
/
\\ *

/
*

\

/

•

s

--

-

-

y

90

y

/

120

110

_.-

\\
\\

/

(

H

•il

I

/

I

\

\
%
i\

'-

*

1

1

t

/

\

/

S

\

N

i'

/

1
1

n

190

\

1
$

1

x—

\ oi
\ 1

\
200

I
f
1
1

i

-

i

/

\

1923

;r

r

2IQ

z

II"
/!/•
•
• n-

I\

230

I

1922

1920

-

V

_

-

-

BUSINESS CONDITIONS IN MAY.
The following pages contain a review by principal
industries of the more important statistics shown in
the table on the "Trend of Business Movements"
(page 23). Summaries of production, stocks, sales
and price changes are given also.

COURSE OF PRODUCTION SINCE

RELATIVE PRODUCTION (1919=100).
1923
1922
Maxi- Minimum
1920 ; 1921 j 1922
since
end end aver- aver-1 average. I age. I age. Apr. May. Apr. |May.
of
of
1919. I 1919.

PRODUCTION.

May production in general exceeded April. The
index number of mineral production based on 1919 as
100 rose to over 140, a mark not exceeded since the
end of the war. Animal products came to market at
a greater rate than in May, 1922, with a seasonal
increase over April, while crops were marketed in
smaller quantities than a year ago. Manufacturing
production in May increased over April and was
slightly higher than the March record.
Taking up the individual commodities, there were
40 increases over April, and 11 decreases in production.
New high records were made in the output of crude
petroleum, pig iron, steel ingots, cement, passenger
automobiles, and motor trucks, while high marks
since 1919 were made by silver, redwood lumber, oak
flooring, mechanical wood pulp and newsprint and
book paper, and copper production was the highest
since the present monthly statistics became available
in 1921.
Compared with a year ago, May production figures
showed 42 increases and 9 decreases among the commodities reported on a 1919 base.
RELATION

OF

PRODUCTION,

STOCKS,

AND

UNFILLED

ORDERS.

(Relative monthly average 1920= 100.)
1922
Feb.

1923

Mar. Apr. May.

1
Feb. Mar. Apr. May.

1

1

Stocks
117.8 116 7 109.0 98.7 102 8 102. 5i 95.7 94.0
88.1 99.9 100.8 114.2 109.3 116.9
Production (manufactured)... 81.8 93.
Unfilled orders
41.1 47. 2° 57.6 63.0 93.2 100.5
94. «j 87.4
COMBINED PRODUCTION I N D E X N U M B E R S . 1

Manufacturing (total).. 126., 7
Manufacturing (62 identical commodities)... 122.7
Raw materials, t o t a l . . . 153.4
Minerals
131.7
Animal p r o d u c t s . . . 119,6
Crops
194,6
Forestry
; 127,9
1

81.2|
!
74.0:1 100. 80.9
72.9 98.5 102.8
62.5 113.9 93.3j
79.7 95.4 97.5
49.1;
93.9 112.1
60.61 • 101.6 85.5

102.2
97.8
108.0
99.0;
106.3:
112.6:
109.9i

Apr. May.
1923. 1923.

92.7 106.8j 123. lj 132.2
88.6 100.5 110.0\ 117.6
74.1 95.5 90.5| 97.1
62.5 72.7! 121.1 140.8
106.9 119.6! 111.4 127.3
54.5 86.31 61.0i 55.0
101.7 122. l! 120.4 133.0

For details of individual commodities, see pages 21 and 22.




|

Wheat
flour
Beef products
Pork products
Lamb and mutton
Sugar (meltings)
Oleomargarine
Cottonseed oil
Condensed milk
Butter
Cheese
Icecream
Cora products

j 125
109
152
110
178
126 i
j 203 I
121
201 |
169 !
468 i
135

CLOTHING:

Cotton (consumption) I 130
S l leather
Sole
l
t
h
| 95
1
Boots and shoes
113

82

64
67
58
58
40
26
4
20
64
41
41
38

94
92
107
79
130
51
71
66
129
85
115
103

71
80
88
67
164
47
22
69
116
74
92
78

73
95
111
76
178
44
12
94
178
109
161
87

81
90
127
86
150
62
37

103 ! 79
95
82 ! 80 ' 78
i 98

92
72
97

103
70
95

120
90
115;

92
93

80
104
103
91
76
99
86
111
93

57
63 1

186 J

91
83
97
94
92
60
99
71
121
86
110
90

Anthracite coal
Bituminous coal
Beehive coke
By-product coke
Crude petroleum
Gasoline
Kerosene
Gas and fuel
Lubricating oil
Electric power

121
137
127
3 155
197
191
116
154
I 135
1 145

()

41
11
3 62
112
98
71
93
89

101
122
110
122
117
123
99
146
124
113

103
91
30
79
124
130
83
127
104
105

I
I 42
I 113
146
I 157
I 98
! 140
I 116
122

41
33
106
142
143
97
125
103
111

53
27
121
147
156
89
147
113
118

119
121
94
105
100

54
57
37
47
95
113

99
77
81
98
121

81
103
72
67
88
101

91
115
86
72
90
115

110 I
110
112
153 I
184 ;
188 ;
93:
154 '
129 j
138
I
139
141
110
123 i
140 I
91

112
84
94

96
97
85
96 ! 101 78
91
99

97
104
101

90
106 j 125
96 i 103

99 115
104
67 ! 105 95
88 I 153 158

126
141
155

113
154
153

METALS:

Pig iron
Steel ingots
Copper
Zinc
Silver
Gold (receipts)

152
34
| 150
33 !
I s 116 3 17
127
38 !
.*.. 145
80 !
j 181
79

TOBACCO:

'

Cigars«
128 j 75
Cigarettes«
| 144
64
Manufactured tobacco^ 119 I 50
LUMBER:

Yellow pine
Western pine
!
North Caroline pine...
California white and
sugar pine
California redwood — '
Douglas fir
I
Michigan hardwoods.. \
Michigan softwoods...
Northern hardwoods.. |
Hemlock
i
Oak flooring
!
Maple
flooring
j

131
172
180

20
33

94
121
98

272
187
144
122
120
161
120
343
139

8
57
44
27
28
21
33
42
47

121
122
102
89
82
105
91
106
103

78
109
79
60 1

40
114
129
135
113
117
fi2 63
79
6S
90
81
57
82
78
197
123 226
83 1 114 94

126
174
124
69
87
95
90
217
100

100
131
144
62
49
140
82
304
114

156
138
121
135
128
150
135
123

55
64
69
93
64
77
65
53

109
117
110
105
121
120
119
113

87 102
79 102
89 105
104 : 120
79 107
94 120
111
105

138
102
113
123
108
124
109
105

128
109 !
102 i
138 i
123 ;
136 !
Ill
113

156
142

30
18

104
104

130
133
187
3
193
124

Baths, enamel
267
Lavatories, enamel... 235
Sinks, enamel
214
Buildings (contracted
for)
130

PAPER:

Mechanical wood pulp !
Chemical wood p u l p . .
Newsprint
i
Newspapers (printed). 1
Book paper
Wrapping paper
Paper board
Fine paper
Corrugated p a p e r
boxes*
Solid fiber paper boxes5

BUILDING EQUIPMENT:

146
63
IS

97 I...

FUELS:

Silica brick
Clay fire brick
Face brick
Cement
Glass bottles

jMaxi- Mini-

| miiTH mum 1920 1921 1922
since since aver- aver-! aver! end end of age. age. ; age.
1919. 1919. i

FOODSTUFFS:

STONE, CLAY, AND SAND
PRODUCTS:

(Relative monthly production 1919=100.)

1919.

122
93
98
124
92
106
101

117
119
115
159
197

152
150
116
124
145
112

126
170
129
1S7
81
343
120
156
114
121
131
12S
14S
123
123

65

117
109

109 i 113 156 ; 148
109
87 ; 111 ! 101

13
43
34
361
48

106
37
120 63
117 105
125 122
104 I 69

79
92
144
142
77

144
138
79

87
92
1S7
167
82

99
127
150
170
90

119
133
167
193
89

65

149 ! 120
112 127
1 1 0 I 122

209
195
172

226
222
181

237
235
210

241
200
186

254
226
193

72

69

102

125

128

138

129

114
«32
102
9 ; 89
67
2

93
46
50
30

141
77

143
85
9
10

168
90
31
6

30

TRANSPORT VEHICLES:

Automobiles, passenger
Motortrucks
Locomotives
Ships

254
162
135
79

1 Since November, 1921.
« Less than 1.
» Since Jan. 1,1921.

!
I
i
!

249 254
142 162
97 107
4
11

4
A s represented b y tax-paid withdrawals.
* Relative to last 6 months of 1919.
• Since July 1,1923.

8
nent, there were 4 increases and 11 decreases, while
the other commodities showed 15 increases over April
and 10 decreases. Stocks of coffee declined to a new
low level since 1919, while petroleum stocks again
made a new high record, as did gasoline stocks for
April, the latest figure reported.
Compared with a year ago, the food commodities
show 8 increases and 7 decreases, while other stocks
made increases in 8 cases and declined in 17 instances.

COMPARISON OP MAY PRODUCTION WITH P R E -

(Average monthly production 1913=100.)
INDEX NUMBERS
300

400

WHEAT FLOUR
BEEF PRODUCTS
PORK PRODUCTS
LAMB AND MUTTON
OLEOMARGARINE

STOCKS OF COMMODITIES SINCE 1919.
ANTHRACITE COAL

(Taken at end of each month.)

BITUMINOUS COAL
BEEHIVE COKE

RELATIVE STOCKS (1919=100).
BY-PRODUCT COKE

s.

CRUDE PETROLEUM
PIG IRON
STEEL-INGOT8

^^

1922
1923
Maxi-i Mini- 1920 1921 1922
mum | mum aver- aver- aversince I since
age. age.
1919. ! 1919.
Apr. May Apr. May
I

i

COPPER

FOODSTUFFS.

ZINC

Beef products
Pork products
Lamb and mutton
Sugar (raw)
Cottonseed oil
Wheat (visible)
Wheat flour
Corn (visible)
Oats (visible)
Butter
Cheese
Eggs
Poultry
Fish2
Coffee
Apples
Rice (domestic)

SILVER
GOLD
CIGARS

<Q MATERIALS AND EQU

OAK FLOORING
CEMENT
BATHS < ENAMEL)

i

\

I
j
j
'•
!
i
!
1,

20
38 (
25 j
44 I

8!
28
54
108
16
5I
28
0) !
30 I
17
71
0;
50

!
|
i
|

70
97
183
1.10
110
89
95
174
69

43
85
324
157
107
93
76
622
211
81
99 I 79
82 | 101
70
72
73 ! 72
146
145
181
166
159
159

27
27
70
76
41
25
332
437
33
59
123
120
77
60
769 1,147
210
250
79
6
80
28
114
125
76
82
28
57
89
98
54
172
154
165

24
83
27
285
25
92
58
905
215
20
40
197
58
28
99
18
120

33
112
69
343
39
161
79
711
98
5
36
91
112
17
89
62
194

76

27
109
54
331
29
103
"250
61
15
45
193
86
20
71
16

CLOTHING MATERIALS. !

yyyy/,?™y/yy/.
SINKS(ENAMEL)

|

r

Cotton (total)

yAyy,wywy%v%y/

FUELS.

LOCOMOTIVES

Crude petroleum
Gasoline
Kerosene
Gas and fuel oil
Lubricating oil

136
:

51

91

111

102

92

82

101
104
61
98
85 i 126
75
89
81
85

145
134
134
151
143

223
168
100
172
143

214
189
108
167
147

225
181
106
172
140

66

!

248
283 I
j 153 j
!
178!
162 j

241
248
283
281
91 " 91
165
162
145 ! 140

STOCKS.

There was little change in stocks of commodities in
May except seasonal variations. Among the food
commodities, where the seasonal factor is most promi(Taken at the end of each month.)
RELATIVE STOCKS (1913=100).

Wheat (visible)
Corn (visible)
Oats (visible)
Coffee
Cotton (total)
Crude petroleum
Pig iron (merchant) 1 ...
Zinc
Tin
Oak
flooring
Cement 2
Tobacco
Flaxseed
» Relative to 1914,




127
71
89
89
150
109
38
99
183
258 j
80 j
114 |
33 i

134 i
256 :
270
89
183 !
152 !
84 ;
196 i
127
375 :
91
131;
74

177
315
268
60
161
234
48
89
134
256
87
130
10

1922

173
470
327
55
151
225
59
127

1923

May.

Apr.
j
I
;
i
!
|

148 I

296 !
129
3 145

132
371
275
55
128
235
44
99
104
261
115

2 Relative to stocks at end of 1913.

Apr.
231
291
126
55
124
252
35
22
194
264
102
3 150
1
3 Apr. 1.

146 I 31
132 !
69 ! 55 i 71
60
24
108 ] 213 i
138 108 ! 24 I 35
247
528 i 122 332 j 232 i 224 ! 269 189 I 352 309

CONSTRUCTION
MATERIALS.
Yellow pine
Michigan hardwoods..
Michigan softwoods...
Oak flooring
Maple flooring
Silica brick
Face brick
Cement^
Baths (enamel)
Lavatories (enamel). .
Sinks (enamel)
Rosin «
Turpentine *

STOCKS OF COMMODITIES COMPARED WITH P R E - W A R .

1922
1920 1921
aver- ! averaverage, i age.

Pig iron (merchant)
Zinc
Tin

3

127
72
105
161
103
103
157
170
50
31
53
104

!
|
j
i
!
|
!
j

129
98
141
234
199
100
182
193
179
I 78
! 89
157
149

126
74
98
159
180
92
178
185
98
55
73
151
80

124
76
94
184
217
87
199
275
143
75
107
127
36

119
113 I 108
77 i 59 i 61
92 ; 81 I 7S
165 I 186
163
196 ! 123 124
101 i 101
91
192 179
188
245 218 192
78
81
113
28
36
56
38
40
82
105
101
126
49 i 59
15

95
121
112
114

104
99
104
118
125
128
97

58
119
103
92
104 ! 79
125 , 117
130
79
121
96
100

PAPER.

May.
148
102
78
55
103
260
45
32
170
298
90

102
59
80
59
55
81
123
79
29
21
34
1 8 3 •• 41
215 I 13

143
108
152
277
222
115
216 I
276 li
301
95
122' |!

Mechanical wood pulp..
Chemical wood pulp
Newsprint (at mills)
Book paper
Wrapping paper
Paper board
Fine paper
OTHER AGRICULTURAL
PRODUCTS.
Tobacco (total)
Flaxseed
1
2

143 '
138
175 i
131 lj
130
132 !
112

39
64
71
66
36
70
74

78
63
97
75
48
79
79

: 108
99
i 125
: 115
101

, 117
101

82
92
87
128
80
103
111

!
134 • 92
102 I 117 116 ^ 129
10 i 550 ; 1,242 167 ! 127
1,578

83

5 134
10

Index number less than 1.
* Relative to season beginning Apr. 1,1919.
On 15th of month.
& April 1.
« Relative to stocks at end of 1919.

SALES.

PRICES.

A further decline was noted in sales during May,
A further advance in crop prices to farmers was
with redwood lumber alone among the manufacturers * reported in May, but live-stock prices declined.
goods showing an increase among the indicators on a Wholesale prices made the first decline since last
1919 base. Sales by manufacturers also declined summer. All groups in the wholesale index declined
from May, 1922, in all cases except clay fire brick and except food and house furnishings, which were unoptical goods.
changed from April; while fuels made the greatest
The distribution of goods through retail trade decrease. The regrouping by the Federal Reserve
showed a decline for mail-order houses, but chain- Board of the Department of Labor index shows a
store sales increased, and both classes of stores showed decline in all classes, while the index for international
a considerable gain over the corresponding month comparison declined also. Dun's and Bradstreet's
last year. Postal receipts and newspaper advertising index numbers both declined.
increased in May, while magazine advertising declined.
The retail food index remained unchanged, while the
All of these services made increases over May, 1922. cost of living index of the National Industrial ConSales of stocks and bonds increased in May, while ference Board increased owing to advances in clothing
life insurance sales declined slightly. On the other and shelter. Foreign wholesale prices in general
hand, in comparison with May, 1922, sales of stocks declined slightly.
and bonds declined, while life insurance sales were
Taking up the individual prices shown in the table
higher.
and chart on pages 4 and 5, increases are noted in the
The index of unfilled orders again declined, standing prices to farmers for corn, wool, and lambs. Other farm
at 87.4 on May 31 based on the 1920 average as 100, prices declined, except that for cattle, which was unas against the recent high mark of 100.5.
changed. Market prices of farm products increased
for corn, barley, wool, cattle, and lambs; while wheat,
COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS.
oats, rye, hogs, and ewes declined. Among the foods,
flour
declined, and meats and sugar rose. Among the
RELATIVE SALES (1919=100).
clothing materials declines were general except for
1922
1928
increases in worsted yarns, suitings, and calfskins,
Maxi- Minimum 1920 1921 1922
while
boots and shoes were unchanged. All fuels
aversince since average.
end of end of age.
May.
Apr.
Apr.
I
May.
except
anthracite declined in price, and declines were
1919. 1919.
general throughout the metals group. Building
INDIVIDUAL
materials showed little change except for a lower
COMMODITIES.
quotation on southern pine lumber. The greatest
Pig iron (merchant)
351
186
97
91
52
14
34
85
30
333
Freight cars
2,125
8
92 I 750 1,575 913 490 110
increases
over April were made by pork, with 26 per
182 169 169 121
104
69 134
Structural steel
199
28
154 215 144 107
53
59 129
Baths, enamel
215
12
cent,
and
wool suitings, sulphuric acid, cattle, and the
188 262 186 133
73
77 156
Lavatories, enamel
262
27
160 222 151 118
65
73 139
Sinks, enamel
\ 222
25
farm
price
of wool, all of which increased slightly
34
43 125
Sanitary pottery
205
7
81
95
54 119 201
Oak
flooring
336
254 260 215 192
23
more
than
5
per cent. The greatest declines occurred
36
63
Maple
flooring
135
84
98 130
17
77
57
77
74 120
Redwood lumber
167
106 158 109 139
21
in
coke,
petroleum,
ewes, and lead—all over 10 per
120
45 j 95
Clay fire brick
j 193
33
89 ' 99 130 103
98
42 I
Leather belting
I 129
35
53
70
55
cent.
Abrasive paper and j
cloth
Fine cotton goods
Paper. 1
Printing
Optical goods »

DISTRIBUTION
MOVEMENT.

151
j 129
i 147
! 168
!
147

40
5
71
106
47

65 105
81 i 81
89 121
121 119
73
91

104
61
106
111

99
102
118

87
71
124

95
77
141

113
123
120

113
147
106

109
122

108
78

164
48

41

87

152

*H9

74
135

73 \ 103
130 1 143

98
155

124
163
111

121
163
102

122 ! 133
163 ! 178
113 ; 116

135

110

91
113

85
97

87 !
108 130

122
114

78
103

108

97
117

87 j 120
116 ! 130

72
105
100
120

55
94
184
102

83
111
163
114

117
145
230
119

Ill
122

I
i

j

Wholesalers 2
Mail-order houses'
Chain stores 1
Postal receipts l
Telephone receipts
1
Telegraph tolls 1
Railroad revenues:
Passenger *
Freight^
Advertising:
Magazine
Newspaper.

114
| 136
: 280
95
114

159
180
126
135
162
144
130

SECURITIES.

Stocks
Bonds
Municipal bonds
(new)1.
Life insurance 1
1

111
26
127
148
114

117
178
489
156

85

V

Items based on value.
- Relative proportion of orders to total transactions.
53850—23
2




121

111
131

87
86
156

151

TEXTILES.

Wool receipts at Boston were slightly less in May
than in April, although domestic wools were received
in larger quantities. Wool receipts were much
greater than a year ago owing to the large receipts of
foreign wool, as domestic grades showed a decline.
Wool consumption increased to 59,682,000 pounds.
Machinery activity in the woolen industry declined,
except looms, which were more active than in April.
Prices of woolens advanced slightly, except dress
goods, which were unchanged.
Cotton consumption of 620,965 bales in May almost
equaled the March high record. Stocks at mills were
slightly higher at the end of May than a year ago, but
warehouse stocks were almost 1,000,000 bales smaller.
Imports of cotton declined in May, and exports were
the smallest since August, 1920. Exports of cotton

COMPARISON OF WHOLESALE PRICES BY GROUPS.
(•'. S. Department of Labor index numbers. Relative prices 1913=100.)
1916
J

M

M

J

1918

1917
S

N

J

M

M

J

S

N

J

M

M

J

1919
S

N

J

M

M

J

S

1920
N

J

M

M

J

1922

1921

S

N

J

M

M

J

S

N

J

M

M

1923

J

S

N

j

M

«3*U

300

280

260

240

1
1
I

220

1

////\\\
/// \\
\\
\

\

m

i

T/e

r

\

§

\

§

/

/

120

fr
i

/

y

A

^

\

J/ J
/# y
'// .

\

/

/

A \\\
//'

/
\

J

J

i

INDEX NUMBER

i
/
/

>

\

i

s

<*

/

1

\

200

\

.CT/

\

/

I

Qi

1

i

\

\

\~

/

J

I
1

V\

i
i

\
,

i

\

60

40

20

o




\

/

f
'

h

\\
4\^\
-'4 \N

\

%k

1

/

/

\.,
/

^

—V

1

•• • —

/

N
/

\ AV ER/ GE

\

/
1

/
191:

80

\
\

i

/

100

1
1
\

\

\

///
/
/
/

/

s

/

/

M

11
cloth also declined. Production of fine cotton goods
in the New Bedford district almost attained the high
record made in March, but sales again declined.
Slightly less spindles were active in May than in April,
but spindle activity, both total and per spindle, was
greater. Prices of cotton and its products declined
from May.

STOCKS OF COTTON: NUMBER OF DAY'S SUPPLY AT DAILY RATE
OF CONSUMPTION.
400

350

/

EXPORTS AND CONSUMPTION OP COTTON.

/

300
I.OOO
_J

0

Q.

Z)

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200

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100
1923

COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS.
400

50

r

/
- V^

A

300

Hosiery statistics for March and April compiled
by the Bureau of the Census for 313 identical firms
representing 389 mills are as follows:

A

HOSIERY.

V

y

» 200

!

V

A

•%

QUANTITY (DOZEN PAIRS).

/V

V

Total.

Men's.

Production:
All cotton
2,561,996 1,105,440
260,630
All nat. silk..... 944,141
AH others
1,103,448 1 379,162
Total

I

Comparative figures compiled by the Bureau of the
Census show the number of garments cut for men's
and boys' ready-to-wear clothing in February, March,
and April, as reported by 335 identical establishments:
MEN'S AND BOYS' CLOTHING.
NUMBER OF GARMENTS
CUT.
KIND.

February. March.
Men's suits, wholly or partly or wool
Men's suits, wholly or partly of mohair, cotton, silk,
linen, etc
,
Vlen's separate trousers, wholly or partly of wool
Men's separate trousers, wholly or partly of mohair,
cotton silk, linen etc
Men's overcoats
.
Boys' suits and separate uants (all grades)
Boys' overcoats and reefers (all grades)




April.

March.
Total.

Men's.

665,831
675,558
615,643

2,346,313
924,820
996,914

1,008,919
249,093
362,014

o93,S06
658,150
527,025

Women's.

4,26S,047 \ 1,620,026

1,77*,9S1

4,697.630 11,718,421 1.993,323 4,154,745 1,470,526
6,278,871 ! 2,070,7*3 2,791.999 6,25o, 129 ! 2,179,550
4, .560,757 11,648,935 2,014,371 4,114,394 1,393,656
50,591
182,973
264,570
57,113
171,3S6

1,780,674
2,820,259
l,96o,120
S7',60l

10,902,679 4,638,378

4,412,150

4,619,585

1,745,232 1,957,032

10,729,516 4,382,017 4,015,615

The first report published by the Bureau of the
Census on shipments and unfilled orders of pyroxylin
coated textiles is given below, covering 12 manufacturers with a capacity of 2,174,333 yards.
PYROXYLIN COATED TEXTILES.

April.

871,130

963,400 ; 703,756

148,616
802,264

158,231 I 131,840
874,777 1 730,321
1
498,450
460.440
155,417
195,381
649,795
744,650
33,S47
12,294

460,S37
119,323
635,0X7
17,733

Shipments
Stocks, end of mo.
Orders
Cancellations
Unfilled orders,
end of mouth...

Women's.

Pyroxylin spread
Shipments filled:
Light goods
Heavy goods
Unfilled orders, 1st of month:
Light goods
Heavy goods

March.

April.

pounds..

3,055,319 I

3,002,415

linear yards..
linear yards..

797,132 i
1,926,700 j

838,135
1,743,598

linear yards..
linear yards..

1,159,843 !
3,003,568 !

865,501
2,216,755

12
Silk imports increased in May, but apparent consumption declined over 35 per cent. Stocks of raw
silk increased slightly, and the price declined almost
10 per cent.
Imports of burlap increased 10 per cent over April,
but unmanufactured fibers were imported in slightly
less volume.
IRON AND STEEL.
Further increases occurred in the output of both
pig iron and steel ingots in May, both indicators making new high records. In the merchant pig iron field,
production and stocks increased considerably, shipments were about the same, but sales declined over
40 per cent, and unfilled orders were 24 per cent lower
than in April. Bookings of steel castings declined
slightly in May. Exports of iron and steel increased
slightly, imports declined somewhat, and unfilled
orders of the United States Steel Corporation again
fell off. Prices of iron and steel were slightly lower,
on the whole.
PRODUCTION OF PIG IRON AND STEEL INGOTS AND U. S. STEEL
CORPORATION'S UNFILLED ORDERS.

BOOKINGS OF FABRICATED STRUCTURAL STEEL.
Actual
tonnage
booked.

YEAR AND MONTH.

1922.

April
May
June
July
August
September..
October
November.,
December..

1923.

January..
February.
March
April
May
1
2

,

Per cent
of capacity.

Computed
total
bookings.

200,588
184,638
168,498
157,631
156,011
146,146
132,450
111,794
138,024

217,500
202,500
182,500
172,500
170,000
160,000
145,000
122,500
150,000

172,415
183,938
218,997
1184,884
2 130,929

187,500
200,000
237,500
202,500
145,000

Reported by 166 firms with a capacity of 228,455 tons.
Reported by 157 firms with a capacity of 225,790 tons.

Shipments of locomotives by manufacturers increased slightly in May in spite of a decline in foreign
shipments. Unfilled orders, on the other hand, declined, although foreign business increased. Orders
for freight cars were considerably less than for several
months past. Sales of stokers increased in May, but
the value of steel furniture shipments declined.
Tubular plumbing sales declined about 35 per cent
from April.
LOCOMOTIVE SHIPMENTS AND U N F I L L E D <3RDERS

2
2.600
4

500

\

10

%

•2.250 Q450

Q

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1920

1921

260

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1923

Production of steel sheets by independent steel companies increased, and shipments were larger than
production. Sales were about 32 per cent larger than
in April, but unfilled orders declined. Stocks increased
slightly, but unsold stocks declined.
Sales of fabricated structural steel declined to 58
per cent of capacity in May. The following figures
compiled by the Bureau of the Census show the total
tonnage booked each month by 175 firms with a
monthly capacity of 229,575 tons, and total sales
computed to a capacity of 250,000 tons per month at
the rate of sales to capacity of the reporting firms.

1
1

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750

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1920

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1922

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1923

13
NONFERROUS METALS.

Copper production for May rose to 124,785,000
pounds, the highest mark recorded since 1920. Exports of copper declined slightly, and the price of copper
was reduced.
Zinc production made a slight increase in May,
and stocks rose 45 per cent. Receipts at St. Louis
declined, but shipments increased. The price of slab
zinc declined.
Tin stocks declined slightly, with a reduction of 33
per cent in imports. The world visible supply was
about the same as in April, but apparent domestic
consumption decreased.
Receipts and shipments of lead at St. Louis declined from April and were only about half as large
as in May, 1922. The price of lead declined over 10
per cent.
FUELS.

Production of coal and coke increased in May.
The bituminous output at 46,076,000 short tons may
be compared with 42,564,000 short tons produced in
April, and the cumulative total for the first five months
of the year was 38 per cent greater than the corresponding total for 1922. Stocks of anthracite coal
on May 31 amounted to 568,000 long tons as against
1,930,000 at the end of May a year ago.
Exports of coal increased in May, while coke exports
declined. A total of 6,752,000 long tons of bituminous
coal were exported during the first five months of the
year as against 3,700,000 long tons during the same




period of last year. Anthracite exports during this
period were over 100 per cent greater than during
the first five months of 1922. With the exception of
anthracite coal at New York, the wholesale prices of
coal and coke declined in May.
PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE.
1
1

i
O25

i

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I
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1921

The production of petroleum continued to increase,
the output in May amounting to 61,962,000 barrels.
Stocks likewise continued to increase, reaching a total
of 273,157,000 barrels. The price of crude petroleum
declined rather sharply, and more oil wells were completed in May than in the preceding month.

PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL.

14
Gasoline production in April, according to latest
available figures, amounted to 619,043,000 gallons,
as against 472,920,000 gallons in April, 1922. Stocks
of gasoline continued to accumulate, and at 1,336,418,000 gallons the inventory on April 30 may be
compared with a total of 892,568,000 gallons at the
end of April last year. Consumption of gasoline
during the month totaled 474,188,000 gallons as
against 385,264,000 in April, 1922.
Production figures for kerosene, lubricating oil, and
gas and fuel oil were considerably larger than in April,
1922, while, with the exception of lubricating oil,
stocks at the end of the month were smaller than
those held on April 30 a year ago.

tions on passenger automobiles increased 95 per cent
in 1923 over the first five months of last year.
BUTTONS.

Reports furnished to the Department of Commerce
by the National Association of Button Manufacturers
show the following weekly comparisons regarding
stocks of finished fresh-water pearl buttons and
machinery activity by 17 companies representing 95.2
per cent of the machine capacity of the Association
members.a
BUTTON MANUFACTURING.

STOCK ON HAND

PAPER AND PRINTING.

PER CENT OF
MACHINE
ACTIVITY

(GROSS).

WEEK ENDING—
!

1923

1922 1

!

1923

1922 i

Production and shipments of newsprint paper in!
i
creased in Ma}' over the preceding month as well as December 30 (previous y e a r ) . .
13,832,294
12,100,792
January—
j
over May a year ago. The total newsprint produc6..!
i
i 43.6
13,611,979
11,930,906
33.8
13.
|
i 52.1
13,638,275
45.1
11,920,613
tion for the first five months of 1923 amounted to
20...
52.1
51.4
13,646,436
11,976,769 '
27
i 53.2 ,
51.4
13,671,499
12,040,558
626,944 short tons, exceeding by 11 per cent the pro- February—
13 508 275
11,938,300
54 2
51 1
3
*
'
duction in the corresponding period of 1922. The
11,997,520
10
'
54.2 '
51.1
13,493,976
12,043,674
17...
49.5
13,532,540
54.5
total shipments during this period aggregated 625,365
12,108,272
13,564,760
24
52.1 I
49.8
short tons, being similarly 11 per cent greater than Marcli—
3
49.0
13,399,376
11,909,903 i
53.1
13,340,008
11,895,817
i 51.0
48 7
io
...:
the total for the first five months of 1922. Both
13,373,501
48.6
17...
'
53.3
11,941,118
12,000,472
50.3
2
4
.
.
.
.
i
54.2
13,454,219
imports and exports of newsprint paper increased in
50.5
13,467,402
12,020,933 i!
31
52.8
April—
I
May. The total imports for the first five months of
50.2
13,344,945
11,988,674
54.0
50.1
13,357,190
14.
12,082,463
54.8
the year were 33 per cent greater, while exports for
48.5
13,455,624
12,161,789
i 55.6
21...
45.6
13,514.369
54.7 ,
12,199,085 J
28
this period were 40 per cent less, than the movements, May—
44.6
12
164
6C7
13
431
057
53
5
respectively, in the corresponding period of 1922.
54.0 i
13 499 864
12...
4S. 2
12,240,858
54.0
48.1
13,622,367
12,390,540
19
Stocks of newsprint increased in all positions, and the
47.3
12,486,041
13 770 277
26. .
50.6
J
u
n
e
—
prices declined in May, except domestic spot, which
44.1
12,411,734
2...
48.4
13.696,339
12,518,136
49.9
13,779,122
47.6
9......".
....
'.'.'.\
increased 3 per cent.
1
Imports of both mechanical and chemical wood
Based on reports from 16 firms.
pulp increased over the preceding month and May,
BUILDING CONSTRUCTION.
1922.
New books published hy American book manufacThe cost of building continued to rise in May and
turers amounted to 596 titles as compared with 519 in averaged about 2 per cent greater than in April, and
April and 346 in May a year ago. The production for about 115 per cent above the pre-war average.
the first five months of 1923 was 17 per cent greater
The contracts awarded in May for building in 27
than for the same period of 1922.
northeastern States amounted to 60,430,000 square
feet, valued at $374,400,000. The dollar value of
AUTOMOBILES.
building contracts awarded during May was 5 per
The output of automobiles in May showed an in- cent greater than in the preceding month, while the
crease over the preceding month, and at 350,180 the
a The National Association of Button Manufacturers has entered into cooperative
May passenger-car production may be compared with arrangements with the Department of Commerce for the wider distribution of the
compiled and issued by that association. The statistics cover the quant it y
a total of 344,474 cars in April and 232,431 in May, statistics
and price of orders received, quantity of button stocks on hand, and machinery
1922. Truck production increased 14 per cent over activity weekly for fresh-water pearl buttons specified by kind and grade. Persons
April. A total of 1,492,648 passenger cars were desiring to obtain this service may either apply direct to the secretary of the association, 1182 Broadway, New York City, or, if they prefer, may send their names to
produced in the first five months of this year, an t he Survey of Current Business for forwarding to the association. A limited number
increase of 93 per cent over the corresponding period free copies is available for distribution by the association. If the demand for these
becomes greater than the supply, a charge will be made by the association sufficient
of 1922. Correspondingly, internal revenue collec- to cover merely the cost of distribution.




!

1

:

!

1

15
floor space was 6 per cent less. During the month
contracts for industrial buildings and business buildings, in point of floor space, increased, while all other
classes declined from the preceding month.

Fire losses were 4 per cent greater than in April,
and the total-for the first five months of 1923 at
$187,200,000 may be compared with $168,757,000 for
the same period of last year.

VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES.

1919
BUILDING MATERIALS.

1920

1921

1922

1923

The second statistical report of the National Paving
Brick Manufacturers Association 1 covering 24 companies, representing 67 per cent of the tonnage capacity of the paving-brick industry in May and 29
companies representing 66 per cent of the capacity
of the industry for March and April, shows the following figures on No. 1 paving brick:

Production of southern pine, California redwood,
Michigan softwoods and hardwoods, western pine,
and northern pine increased in May, while Douglas
fir and North Carolina pine production declined during the month. Stocks of Michigan hardwoods and
western pine increased in May, while'inventories of
southern pine and Michigan softwoods declined.
PAVING BRICK (NO. 1 SIZE).
Shipments of California redwood, northern pine and
[In thousands of bricks.]
western pine increased, while Douglas fir, Michigan
May.
April.
March.
34, 382
33, 315
softwoods, Michigan hardwoods, and North Carolina Production
26, 209
23, 397
pine declined from April. Prices of lumber declined. Shipments
Stock on hand, end of month
77, 662
80, 170
70. 252
received
31, -475
21, 522
Flooring production, both oak and maple, increased Orders
(Cancellations
2, 158
1,028
in May. Stocks of oak flooring increased over the Unfilled orders, end of month
90, 644
91, 849
91, 752
preceding month, while stocks of maple flooring deThe production of No. 1 and No. 2 paving brick in
clined. Unfilled orders for both species declined May represented 71 per cent of the normal tonnage
during the month.
capacity of the reporting firms as against 77 per cent
Production of clay fire brick increased in May, and in April.
the total of 319,224,000 bricks produced in the first
1
The National Paving Brick Manufacturers' Association has entered into a
five months of 1923 was 63 per cent greater than the cooperative
arrangement with the Department of Commerce for the wider disproduction for the corresponding period of a year ago. tribution of the statistics compiled and issued by that association. The statistics
are issued weekly and cover the production, shipments, stocks, new orders, canProduction of silica and face brick also increased in cellations,
and unfilled orders for paving brick, classified by sizes. The distribuMay. With the exception of face brick, which de- tion of unfilled orders and shipments is shown by States and classes of highways.
Persons desiring to obtain this service may either apply direct to the secretary of
clined 7 per cent, brick stocks made an increase of the
association, 830 Engineers Building, Cleveland, Ohio, or, if they prefer, may
less than 1 per cent. Unfilled orders for both clay send their names to the Survey of Current Business for forwarding to the association.
fire and face brick declined during the month, as did A limited number of free copies is available for distribution by the association.
[I there is a large demand for these sheets, a charge will probably be made by the
new orders for clay fire brick.
association to cover the cost of printing and. mailing.




16
Cement production and shipments increased while
stocks declined. The total production for the first
five months of the year were 40 per cent greater than
the production in the corresponding period of last
year. Concrete paving contracts let in May were
greater than in April but less than in May a year ago.
PRODUCTION AND STOCKS OF PORTLAND CEMENT.

Exports of vegetable oils declined, but imports
increased from April. Consumption of oleomargarine,
as shown by tax-paid withdrawals, was slightly
higher. Production of cottonseed oil was higher than
a year ago, while stocks of both cottonseed and cottonseed oil remained about the same, and there was no
change in the price of cottonseed oil.
Flaxseed receipts were larger than a year ago, shipments about the same, and stocks smaller. Shipments
of linseed oil and oil cake were considerably higher
than a year ago.
CEREALS.

Shipments of enamel sanitary ware increased, but
new orders and stocks declined for all classes.
Reports from the Tubular Plumbing Goods Association ° show a decline in May, with sales totaling
119,467 pieces, valued at $122,392.
HIDES AND LEATHER.
Imports of hides and skins declined in May, owing
to the decreases in cattle hides and sheepskins. Prices
of hides were irregular.
Production of sole leather was almost as large as in
April, but skivers and oak and union harness showed
a slight increase. Exports of sole leather increased,
but upper leather exports were smaller. Exports of
boots and shoes increased, with prices unchanged.
CHEMICALS, FATS, AND OILS.

Production of acetate of lime and methanol declined
in April, and stocks of wood at chemical plants was
slightly less than in March. Imports of potash declined considerably in May, but nitrate of soda imports
increased. Exports of sulphuric acid, dyes, and fertilizers were all larger than in April. The price of
sulphuric acid increased and essential oil prices were
higher, also. Crude drugs declined in price.
Receipts of turpentine and rosin were considerably
higher in May than a year ago; stocks of turpentine
were much higher, but rosin stocks were lower.
a The Tubular Plumbing Goods Association has completed cooperative arrangements with the Department of Commerce for the wider distribution of the statistics
compiled and issued by that association. These statistics are issued semiweekly
and cover manufacturers' sales, in 3-day intervals, of the classes of goods listed in
the accompanying table. Thefiguresare given in much greater detail in the regular
reports, specifying the quantity subdivided by sizes, which have been sold in
particular States, cities, or territories.
Persons desiring to obtain this service may do so by applying either to the secretary of the association at 25 Broad Street, New York City, or, if they prefer, may
send their names to the Survey of Current Business for forwarding to the association.
If there is a large demand for these sheets, a charge will probably be made by the
association to cover the cost of printing and mailing.




The first monthly report of the Bureau of the Census
on the wheat milling industry shows a total of
32,956,640 bushels ground and 7,227,671 barrels of
wheat flour and 572,783,500 pounds of wheat grain
offal produced by 1,035 mills with a daily capacity of
632,766 barrels* of flour in 24 hours, which produced
76.8 per cent of the total wheat flour output according
to the census of 1921.
Exports of wheat and flour in May increased from
April and were slightly larger than a year ago.
Receipts of wheat declined, but shipments increased,
both being smaller than a year ago. Prices of wheat
and flour declined.
Receipts of corn declined but shipments increased
over April, both being considerably less than in May,
1922. Exports of corn also declined and were only
half as large as a year ago. The price of corn rose
somewhat.
Reports furnished to the Department of Commerce
by the Iowa-Nebraska Canners' Association1 show the
following comparison of unsold stocks of sweet corn
in cases in the 36 canneries of Iowa and Nebraska:
February 15, 1921
November 18, 1921
February 1, 1922
August 1, 1922
November 1, 1922
January 1, 1923
March 1, 1923
April 7, 1923
May 31, 1923
June 14, 1923

], 956, 000
l, 644,000
], 400, 000
519, 600
649, 000
569, 417
291, 209
238, 417
134, 387
119, 999

The visible supply of oats made a seasonal decline
in May but was only 30 per cent as large as a year ago.
Exports declined and the price of oats was reduced
slightly. Exports of barley also declined, but the
price rose slightly. Exports of rye and rye Hour
1
The Iowa-Nebraska Canners' Association has entered into cooperative arrange
ments with the Department of Commerce for the wider distribution of trade statistics
collected, compiled, and issued by that association. These statistics cover periodic
reports on acreage planted to sweet com and the production, stocks, and sales of
canned corn. Persons desiring to obtain this service may either apply direct to the
secretary of the association at Marshalltown, Iowa, or, if they prefer, may send their
names to the Survey of Current Business for forwarding to the association. A
limited number of free copies are available for distribution by the secretary of the
association. If the demand for these is greater than the supply, a charge will be,
made by the association sufficient to cover merely the cost of distribution.

17
were double the April exports but slightly less than
a year ago. The price of rye declined.
Total grain and flour exports were larger than in
April but less than a year ago. Car loadings of grain
and grain products declined and were less than a
year ago.
OTHER CROPS.

Imports of rice declined in May, but exports increased somewhat. Cold storage holdings of apples
were less tjian a year ago, but car-lot shipments of
both apples and onions increased over May, 1922.
Shipments of potatoes were less than a year ago.

April and also over May, 1922. Exports of unmanufactured tobacco declined, but cigarette exports increased.
WATER TRANSPORTATION.

The opening of the canals for the 1923 season in May
showed larger traffic on both the Sault Ste. Marie and
Erie canals than in May, 1922. Arrivals and departures of vessels in foreign trade at United States
ports showed a large increase over April, the gain
being about equally apportioned as between American
and foreign vessels. Ocean freight rates to Europe
declined slightly in May.

MEATS AND DAIRY PRODUCTS.
RAILROADS.

Movement and slaughter of cattle, hogs, and sheep
were in general in excess of both April, 1923, and May,
1922. Exports of both beef and pork products increased slightly, but beef exports were less than a
year ago, while pork products made a good increase.
Storage holdings of all meats were greater than in
May, 1922, especially pork and lamb. Prices of cattle,
pork, and lambs increased; hogs and ewes declined.
Cold-storage holdings of fish were less than a year
ago. Poultry holdings increased over a year ago, but
receipts were smaller.
Receipts of cheese and eggs were larger in May
than a year ago, w^hile butter receipts were less.
Storage holdings of butter and eggs were less than
a year ago, but cheese holdings increased. Production of milk in the Minneapolis district was considerably larger than a year ago, while exports of
condensed milk made a slight increase.

May witnessed the transformation of the previous
net shortage of freight cars into a net surplus by the
halving of the previous shortage, while surplus more
than doubled. Locomotives in bad order showed a
relative decline, while bad-order cars increased slightly.
Car loadings again increased to make a record for this
season of the year; the increase over the previous
month was due to larger ore shipments.
Railroad operations for April show a slight decline
in both revenue and expense, with income somewhat
smaller than in March.
SHORTAGE, SURPLUS, BAD-ORDER, AND TOTAL LOADINGS
OF FREIGHT CARS.

J

N/

950

/ ^>

900

The consumption of all classes of tobacco products,
as indicated by tax-paid withdrawals, increased over

fo

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800
760

tz
I

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850

TOBACCO.

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700

RELATIVE PRODUCTION OF CIGARS, CIGARETTES, AND
MANUFACTURED TOBACCO.

/\

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650

(Average monthly production 1913 = 100.)
500
460
Mm

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100

"NT

in

TZ \ / \
TZ V / j r
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tz

\
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200

150
100

w
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50

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CIG

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53850—23




1821

3

% y < I 4
1922

|

1923

1920

1921

1922

\ r

i 1

%
K1923

18
LABOR.

Employment in 1,428 United States factories, each
employing 500 or over, showed an increase on May 31,
and at 2,048,000 employees compares with 1,669,000
at the end of May, 1922. Employment reports from
Detroit also show an increase for the month, while in
New York State factories and in Wisconsin factories
the number of employees on the pay roll declined from
the preceding month. Total involuntary unemployment in Pennsylvania was reduced still further, being
estimated at 9,465 on June 1. The total pay roll in
both New York State and Wisconsin factories increased
in May.

Department-store inventories declined during the
month, and at 125, the index on a 1919 base, compares with 114 for a year ago.
SALES OF MAIL-ORDER HOUSES AND CHAIN TEN-CENT STORES.

1

J
ll
1 1

\

%
\%
CH

IMMIGRATION, EMIGRATION, AND IMMIGRATION QUOTA.

?,

\ \

1J

J] A
pi
«i
L
-

A
//\\

\
i
i

V,.

!

1

J

1

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1

1 1

I1

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/

\
\

• 1

/ I

/

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/

/
J

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/

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1

/
/

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\

1
20

V

i

VA

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/

A

f

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\
\

A

'vj

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-'

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\

VJ

MONTHL
QUOTA

ZJ

The diagrams on the opposite page were designed
to show the trends of factory employment in several
of the major industrial groups. The data upon which
the diagrams are based are taken from reports of the
United States Employment Service showing the distribution of employees by industries, in 1,428 representative factories, each employing normally 500 or
more persons.
DISTRIBUTION MOVEMENT.

Retail sales of the large mail-order houses made the
usual seasonal decline in May, and at $29,261,000 the
May sales compared with a total of $21,855,000 for
the corresponding month of 1922. May sales of 10cent chain stores aggregated $25,696,000, which may
be compared with $23,764,000 in April, $21,540,000 in
May, 1922, and $18,572,000 in May, 1921.
The index of department-store sales as compiled by
the Federal Reserve Board at 126, on a 1919 base,
compares with 117 for April and 115 for May, 1922.




i

i

i

i
1921

I

S

i

$

->
I

<

^
1922

o

The May index of wholesale trade on a 1919 base
stood at 83 as against 79 for April and 73 for May of
last year.
Newspaper advertising increased during May, and
at 109,559,000 agate lines may be compared with
97,090,000 lines in May, 1922. The cumulative total
for the first five months of this year amounted to
497,336,000 agate lines, or about 11 per cent greater
than the linage for the corresponding period of 1922.
Postal receipts in 50 selected cities during May
totaled $24,902,000 as against $22,375,000 in May,
1922, and $19,504,000 in May, 1921. Taxes collected
on theater admissions amounted to $6,582,000, which
may be compared with a total of $5,818,000 collected
in May, 1922.
PUBLIC FINANCE.
The total interest-bearing debt on May 31 showed
a 4 per cent decline from the corresponding period of
a year ago. Customs receipts in May declined, but
the total for the first five months of 1923 was 54 per
cent greater than for the corresponding period of a
year ago. For the five months ending May 31
ordinary expenditures amounted to $1,384,993,000,
while ordinary receipts for the same period totaled
$1,505,105,000. The per capita distribution of money
outside of the United States Treasury and the Federal
Reserve System amounted to $42.34 as against $42.04
in April and $40.36 in May, 1922.

19

EMPLOYMENT IN VARIOUS INDUSTRIES.
(Relative employment 1921 - 100.)
FOOD AND KINDRED PRODUCTS.

TEXTILES AND THEIR PRODUCTS.

IRON AND STEEL AND THEIR
PRODUCTS.

* Q: 176

I

1.50

i.60

1

150

X
UJ

/

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>

'

1921

I

***

l» 1 A\ E R A

1929

|

AVE

QE

| 1923

1931

I

\

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RAC

Ml

1922

'

fcVEt

AQE

HiiHiiHi

I 1923

I

1921

1922

I

I 1923

METALS AND METAL PRODUCTS
(other than iron and steel).

CHEMICALS.

LEATHER AND FINISHED GOODS.
260

—•"•••

r

226

2 126

/

^ /
^

/
/

Z

121

'

f

J

A

\
121

&QE

VER

I-

Z

C

J

K

Z

^ I 3 g 3 5 3 g ^ I
I

I

1921

1922

I

1823

TOBACCO MANUFACTURES.

I I i

1922

V

• 1923

1921

I

l»!

1 AVE R A

. ;i M n n n
I

VEHICLES FOR LAND TRANSPORTATION.
260

260

QE

A

1921

I

I

1922

1923

TOTAL, ALL INDUSTRIES
(1,428 factories).

r

/

200

£ 176
UJ
(0

/I

2
Z 160

•

1M l

v/

I




AV E R

1921

r
/

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I

1922

I 1923

\
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193

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A V ERA(

E

191

t H it n M * :
I

1821

I

1922

I

1923

I

1921

I

1 AVE R A

1022

E

I 1923

20

Both debits to individual accounts and bank clearings increased in May in New York City as well as in
the territory outside of New York. Total debits to individual accounts outside New York City for the first
live months of 1923 amounted to $95,237,000,000, an
increase of 16 per cent over the same period of 1922.
In the Federal Reserve banks there was an increase
in discounts and a decline in investments. Note circulation, total reserves, and total deposits increased,
while the reserve ratio declined. Member banks increased their loans, investments, and net demand
deposits. Interest rates on commercial paper at 5.13
per cent showed no change from April, while callmoney rates declined during the month.

responding period of a year ago. Correspondingly the
number of business failures for the first five months
of the year amounted to 8,366, a decline of 28 per
cent from the same period of 1922.
LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS.

13

£07
12
OIS

II
tt

in

7^

f

BILLIONS OF D<

BANKING AND FINANCE.

—-•

COl

—
ME

TOJT Hi.

• •

-

-

NTS

4i

BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS.
0
j

8 5 £ I 5 I 3 3

3

i

1

1821

/
/

24

1

INTEREST RATES AND BOND P R I C E S

20

BOND INDEX
NUMBER

\

'

80

O

Z

1920

I !

I

X\

INTERE8T RAT
PER CENT

1

i

1922

; i1

i

•

16

i

§ \.

1 i

*'—,
""V.

X\

o

s i

OCT

28

ND

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CE
Q

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7
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3

1920

1921.

1922

I

1923

A total of $292,400,000 was disbursed in June in
the form of dividend and interest payments, representing an increase of 2 per cent over a year ago.
The total new life insurance written in May declined but was 25 per cent greater than May, 1922.
The aggregate policy value for the first five months of
1923 amounted to $3,194,870,000, as compared with
$2,590,603,000 for the same period of last year. Of
the classes of new life insurace sold, group insurance
made the greatest percentage increase in 1923 over
the first five months of 1922, and at $106,767,000 the
policy value of this form of insurance increased 52
per cent.
The number of business failures increased in May
while liabilities declined. The total liabilities for the
five months ending May 31 amounted to $230,745,000,
a decline of 31 per cent from the casualties of the cor-




30

B

20

4-

10

2

0

0

NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED
LIABILITIES.
3.000

«

2 700

90

2 400

80

2 100

70

1 800

" 60

A
..J

/I
Vi
•

i
*

a.
2 1.600 5o«5

°
a

s

s

/

30
1

j

1.200

n
i » /

900

ft Hi

If \i

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20
600
10
300
0

0

s

c

20

21

i

0

1*

4923

3

21
Now incorporations in May decreased while new
capital issues by corporations increased, the total for
the five months ending May 31 being 17 per cent greater
than the aggregate for the same period a year ago.
Prices of both industrial and railroad stocks declined during May, as did public utility bonds, while
prices of railroad and industrial bonds advanced
slightly. Sales of stocks on the New York Stock
Exchange increased 15 per cent from April, and the
23,106,000 shares sold compare with 28,911,000 shares
in May, 1922. Sales of bonds increased 12 per cent
during the month.

FOREIGN EXCHANGE.

Exchange on London declined in May, while exchange on Japan and on Chile increased during the
month. Exchange on the other important countries
declined in May. The general index of foreign exchange for May at 66 may be compared with 67 for
April and 72 "for May, 1922.
EXPORTS FROM THE UNITED STATES AND THE UNITED KINGDOM.
400

300

GOLD AND SILVER.

ft-M
•t

f J

Domestic gold receipts at the mint in May totaled
J9,866 fine ounces, as against 65,043 ounces in April
and 81,839 ounces in May, 1922. The Rand output
for May increased 6 per cent over the preceding month.
Both imports and exports increased in May. The total
gold exported in the first five months of 1923 amounted
to $21,742,000, representing an increase of 155 per
cent over the corresponding period of 1922. Imports
of silver increased while exports declined in May.
The price of silver both at New York and at London
rose during the month.

I/

\ 1
200 w

sa

A, V

A*

.A

S

V

100

K 13 AVERAG

i 8
1920

1921

1923

1922

INDEX NUMBERS OF PRODUCTION AND MARKETING.
In recent numbers of the Survey there have been
published detailed discussions of certain index numbers of production and marketing dealing particularly
with raw materials. The following tables give the
recent figures for each of these index numbers, compared with the corresponding months of 1922. The
methods of compiling these indices and the weighting
factors used are discussed in detail in the issues of the
Survey referred to. A summary and combined raw
material index number is given on page 7 of this
issue.
INDEX

OF M I N E R A L

PRODUCTION.1

INDEX OP MINERAL PRODUCTION.1
. (Relative production 1919= 100.)
1922
Mar.
Total production
Petroleum
Biruminous coal
Anthracite coal
Iron ore
Copper
Lead
Zinc
Gold
Silver

Total, excluding lead, gold,
and silver .

(Relative production 1909-1913= 100.)
1922
Mar.

Apr.

...

Apr.

116.2

62.5

147.9
131.5
119.3
58. L
113.0
70.1
71.7
88.6

141.6
41.3
0.4
19
71.9
107.9
67.6
72.9
87.6

117.3

61.4

1923
May.
72.7

Mar.

Apr.

125.8

121.1

May.
140. 8

178.0
184.4
147.4
122.6
53.7
111.5
121.2 109.8
0.5
31 7
85.9 2 113.4 2110.0
149.8 2 142.7
108.1
129.3 124.0
72.7
65.5
83.1
66.0
129.4
90.2
140.1

196. 5
120.7
116.X
139 h
116.4
151.0
124.1
81.1
144.7

126.4

141.5

71.9

121.4

1

For complete table and discussion, see September (No. 13) issue of the Survey.
* Revised.

1923
May.

Mar.

Apr.

80.1

134.7

129.3

153.7

310.5 321.6
257.1
131.8
57.7
119.8
123.6
0.5
112.0
35 6
96.3 a 127.1 33 123.3
119.2
165.1 157.3
116.1 2 206.5 2 198.1
52.7
41.6
41.9
121.1 131.1
84.4

342.8
129.7
119.1
156.8
130 5
166.4
198.3
51.5
135.4

2 142.4

162.8

INDEX

May.

OF M A R K E T I N G S OF A N I M A L

PRODUCTS.1

(Relative marketings 1919=100.)
Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore
Copper
Lead
Zinc
Gold
Silver

„

Total, excluding lead, gold,
and silver
1

120.8

67.8

258.0
141.3
121.7
65.2
124.5
112.1
45.5
82.9

246.9
44.4
0.4
2.1
80.5
119.0
108.0
46.3
82.0

128.1

68.2

81.5

2 136. 3

For complete table and discussion, see May (No. 9) issue of the Survey.
2 Revised.




1922

Total
Wool
Cattle and calves
Hogs
Sheep.
Eggs...
Poultry
Fish
Milk
1

. . . .

Mar.

Apr.

102.5

106.9

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

1923
Mar.

Apr.

119.6

113.6

111.4

127.3

93.8
91.5
100.0
74.7
217.8
73.5
87.4
132.4

52.4
73.2
131.8
63.1
178.8
86.6
89.4
122.5

45.5
81.4
115.5
63.9
188.3
62.8
87.1
122.6

59.4
92.6
121.1
79.2
242.8
67.6
88.7
136.1

May.

May.

For complete table and discussion, see June, 1922 (No. 10), issue of the Survey.

22
INDEX OP CROP MARKETINGS. 1
(Relative monthly marketings 1919=100.)

Grand total
Wheat
Oats
Barley

*.

Rice

Apr.

May.

Mar.

Apr.

Mar.
May.

77.8

54.5

86.3

74 3

61.0

55.0

207.0
64.2
79.6
42.5
81.6
213.6

97.0
49.6
48.6
24.3
35.5
50.7

180.6
92.3
101.5
37.9
114.4
14.9

174.9
69.1
96.4
43.9
92.3
64.9

113.2
69.5
87.6
32.3
100.9
86.8

71.1
53.2
69.8
23.3
59.9
22.5

Total grains

104.9

60.1

111.0

96.5

81.9

57.5

Potatoes (white)

148.2
133.9
216.5
41.6
200.9
327.7

134.1
91.1
232.1
178.3
188.0
211.4

135.4
52.8
339.2
131.6
191.4
71.7

152.7
149.4
187.8
81.2
123.7
466.9

144.8
97.4
192.4
76.7
171.5
310.6

100.8
39.8
296.5
144.5
195.6
60.0

154.3

144.8

147.6

157.6

147.4

117.5

Onions
Celery
Total vegetables

Citrus fruit

25.9
137.8

6.1

Pears
Watermelons

Total fruits
Cotton
Cottonseed
Total cotton products
.

Total miscellaneous

16.8
26.6
114.9

77.4

39.7

22.5

204.6

183.2

180.3

74.8

220.3

26.6
48.3
1,533.5

61.0

64.6

162.3

82.3

72.2

150.3

51.1
18.5

42.2

57.9

35.7

3.8

43.1
16.3

29.0

6.1

6.0

5.5

46.3

36.8

49.9

39.1

25.6

31.2

56.9
23.9
49.8
11.1

54.0
5.6
82.1
14.8

53.8
1.6
49.8
14.6

69.1
27.5
50.7
8.9

67.1
5.2
71.5
11.0

51.1
1.0
84.0
8.1

35.6

24.4

22.8

41.7

30.0

22.3

36.4

Strawberries

Hay
Tobacco
Flaxseed .. .
Cane sugar

43.2
180.2

0.3
120.6
0.2
7.0
351.0 1,925.1

Yellow pine
Western and sugar pine and
white fir
Douglas fir
Redwood
Hemlock
Maple, birch, and beech
Total lumber
Pulp wood
Gum
Distilled wood
Grand total

Apr.

May.

110.3

103.7

46.6
109.1
142.9
57.8
94.6

80.4
114.4
137.7
79.4
80.7

100.4

May.
* 132.2

123.1

93.9
87.1
164.6
65.7
107.2
67.6
61.7
123.5
52.0
195.9

83.7
70.5
163.6
92.2
115.9
74.3
69.4
77.8
45.3
81.7

102.7
72.8
177.5
153.7
177.7
108.6
93.7
87.0
45.1
78.8

120.2
95.6
157.0
a 72.2
*95.7
»60.0
M6.2
115.8
«67.4
107.0

110.0
80.9
149.6
126.0
146.4
»88.2
»62.8
102.7
73.5
115.7

95.3

85.3

104.8

102.5

104.5

105.4
131.2

89.9
92.5

100.4
114.1

126.3
135.4

117.0
122.6

125.9
129.7

90.8

105.2

129.5

119.0

127.3
=====

79.8
96.5
17.5

81.3
99.5
9.4

90 5
110.4
31.4

139.2
138.2
144.0 3 140.6
97.3
126.5

151.8
149.8
106.7

89.8

92.0

103.3

144.8 3 137.9

147.6

Lumber
Flooring

100.4
146.9

101.7
148.9

120 7
161.9

123 8 3121.7
209.1
221.3

130.1
231.9

Total

108.7

110.1

128.1

141.2 » 137.3

148.3

78.5
107.8

70 7
98.7

70 4
90 5
97.7 3130.1

90.1
114.8

89.4
111.9

96.4

87.8

87.1

3 114.7

105.2

103.2

111.5
115.1
123.2

105.5
102 4
107! 0

117.6
111.2
128 9
114 4
122.8 3 127.0

54.9
117.4
81.1

131.7
127.8
92.0

119.3

124.4

122.9

134.1

137.6

134.1

119.1

114.3

121.0

3 129.5

111.7

120.8

.

TEXTILES:

Cotton (consumption)
Wool (consumption)
Total

114.5
:

IRON AND STEEL:

Pig iron.
Steel ingots
Locomotives
Total

-

=

LUMBER:

LEATHER:

Sole leather
Boots and shoes
Total
PAPER AND PRINTING:

W ood pulp
Paper
Printing (paper purchases).
Consumption by printers
(newspaper printing)
—

•

-

-

•

.
.
.
.
.

145.8

—

CHEMICALS, ETC.:

77.9
127.8
61,1
57.2

74.8
124.0
20.4
98.0

80.6
138.4
10.8
177.0

135.9
153.0
52.2
67.4

135.3
151.8
33.9
113.8

140.1
153.7
16.9
204.8

105.9

100.3

114.3

131.0

130.8

136.6

85.4
67.0
99.9

89.2
79.0
138.1

103.6
82.0
167.0

92.9
96.6
90.0
79.0
147.7 3 169.8

100.0
169.8
193.9

81.7

97.4

110.8

102.4

111.0

119.1

Copper smelting and refining
Zinc smelting and refining
Enamel ware .
Lead

29.0
69.4
178.7
113.0

32.6
66.7
200.8
107.9

83.5
71.7
214.2
108.1

3 122.8 3 111.6
122.5
127.4
225. f
198.6
149.8 3 142.7

96.4
123.8
215.2
151.0

Total metals, except iron
and steel

115.4

114.2

135.9

3167.5 3 151.3

154.9

107.9
89.8
82.1

88.8
85.1
78.0

101.4
96.6
103.9

103.1
63.5
113.9

96.3
90.4
106.4

102.8
98.3
125.5

90.3

83.1

100.3

90.5

97.7

109.6

Coke
. ...
Petroleum products
Cottonseed oil
Turpentine and rosin
Total

Mar.

Apr.

May.

121.9

124.6

110.5

120.1

140.2
126.0
184.7
87.3
85.6

* 110.5
139.8
175.1
80.9
119.6

169.1
146.4
139.9
71.0
110.7

191.7
141.3
198.6
»85.3
•121.2

101.7

120.7

123.8

109.7
53.6
83.7

107.3
96.7
63.3

117.2
177.7
64.4

108.1
64.3
132.1

111.8
113.0
119.9

128.5
206.5
128.9

99.3

101.7

122.1

119.9

120.4 |

133.0

STONE, CLAY, AND GLASS:

Brick.
Glass bottles
Cement
Total
METALS, EXCEPT IRON AND
STEEL:

3130.1

TOBACCO:

Manufactured tobacco and
snufl
Cigars
Cigarettes

1

For complete table and discussion see August, 1922 (No. 12), issue of the Survey
* Revised.
»Partly estimated.




Apr.

126.7

Total..

1923

Mar.

Mar.

106.8

Meats
Wheat flour
Sugar meltings
Ice cream
Butter
Cheese
Condensed milk
Glucose and starch
Oleomargarine (production)
Rice

(Relative monthly production 1919=*100.)
1922

May.

92.7

Total
PRODUCTION.1

Apr.

96.7

Total index
FOODSTUFFS:

* For complete table and discussion, see July, 1922 (No. 11), issue of the Survey.
I N D E X OP F O R E S T R Y

1923

1922
1923

1922
Mar.

PRODUCTION.1

I N D E X N U M B E R S OF MANUFACTURING

Total
MISCELLANEOUS:

1

Shipbuilding
Automobiles...
Rubber tires

1.8

9.8

6

105.0
124.3

133.5
112.0

155.
135.

71
214.6
193.1

11.1
232.2
178.0

235.6
221.3

Total.. ..

70.6

81.2

93.

130.5

134.7

144.3

4.4

For complete table and discussion, see January, 1923 (No. 17) issue of the Survey.
* Subject to revision; partly estimated.
«Revised.

23
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 lateneas
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, 1923.—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, 1922.
May, 1923.—In this column are given the figures covering the month of May, or, as in the case of stocks, etc., the situation on May
31 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 7).
Corresponding month, April, 1922, or May, 1922.—Thefiguresin this column present the situation exactly a year previous to those
in the "May, 1923," column (that is, generally May, 1922), but where no figures are available for May, 1923, the April, 1922,
figures have been inserted in this column for comparison with the April, 1923, figures. In the case of quarterly figures, this column
shows the corresponding quarter of 1922.
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 1922 and 1923, respectively, except where the May, 1923, figures are lacking, in
which case the cumulative total for four months in each year is given.
Percentage increase (+) or decrease ( —) cumulative, 1923 from 1922.—This column shows the per cent by which the cumulated total
for the five months ending May, 1923, is greater (+) or less ( —) than the total for the corresponding period ending May, 1922.
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 pre-war figures are available, 1919 is usually
taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even
1921, and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some
industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more
representative year has been chosen.
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 fora 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 com pared with the preceding month.
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 given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

April,
|1923.

May,
1923.

Corresponding
month,
April
or May,
1922.

j Per_ j centage
;| increase
CUMULATIVE TOTAL I ( + )
THROUGH
' or deLATEST MONTH.
.! crease
! (-)
;i cumu' lative
! 1923
1922
1923
from
1922.

!

INDEX NUMBERS.

BASE
YEAR

i
!

OR

I

1922

Per: centage
•; increase

1923

! (V

_

PERIOD. |

; "

I

or dei crease
I; Apr. May.! Feb. Mar. Apr. i May. "\ ( - )
! May
j from
I1 Apr.

SUMMARY OF BUSINESS.
Department of Commerce Indexes.
Manufacturing:
Total, 62 identical
commodities
weighted index
Total, 70 identical
commodities
weighted index
Raw materials:
Minerals, 9 commodities
weighted index
Crop marketings, 26
commodities
weighted index
Animal products, 9
commodities
weighted index
Forestry, 13 commodities
weighted index
Total raw materials
(above groups)
weighted index
Stocks and unfilled orders:
Stocks, 31 commodities
weighted index
Unfilled orders, 8
commodities
weighted index
Federal Reserve Hoard Indexes.
Agriculture, 14 commodities
weighted index
Minerals, 7 commodities...weighted index
Manufacturing, 34
commodities
weighted index
22 basic commodities
weighted index




no..

1919

88.6 100.5 101.4 114.9 110.0 117.6

4 6.9

no..

1919

92.7 106.8 109.7 127.1 123.1 132.2

+7.4

no..

1919

62.5 i 72.7 106.5 125.8 121.1 140.8

+16.3

no..

1919

54.5

no..

1919

no..

86.3

73.4

74.3

55.5

-9.0

106.9 119.6

95.4 113.6 111.4 127.3

+14.3

1919

101.7 J122.1

95.9 119.9 120.4 133.0

+10.5

no..

1919

i 74.1

no..

1919

117.2 106.1 110.5 110.2 102.9 101.1 i ~1.7

no..

1920

no..
no..

1919

no..
no..

1919

95.5 \ 87.4 i 98.2

1

1919

1913

57.6

61.0

63.0 ' 93.2 100.5

90.5

'

97.1

+7.3

!
94.6

87.4 j

-7.0

57.4 | 82.6 ;' 73.3 77.7 70.0 70.3 j +1.4
58.6 ! 67.9 116.6 134.3 127.4 136.9 I +7.5
:
i
84.7 | 98.1 | 99.5 ,112.7 102.7 111.7 I 4 8.8
; 85.3 I 92.1'<1120.1 |125.1 123.8 127.2 j +2.7

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. F or
items marked with a dagger (t) detailed tables were given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

April,
1923.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Corresponding
month,
April
or May,
1922.

May,
1923.

I N D E X NUMBERS.

Percentage
increase

1922

1923

or decrease

(-)

cumulative
1923
from
1922.

BASE
YEAR
OR
PERIOD.

1922

Percentage
increase

1923

or decrease
Apr. May.

Feb. Mar. Apr. May.

May
from
Apr.

TEXTILES.
Wool.
Consumption by textile mills,
grease equivalent
Receipts at Boston:

thous. of lbs..

Foreign
thous. of lbs
Total
thous. of lbs.
Imports, unmanufactured
thous. of lbs.. |
Machinery activity:
|
Looms, wide
per ct. of hours active..
Looms, narrow
per ct. of hours active.. |
Looms,
I
carpet and rug.. .per ct. of hours active.. j
Sets of cards
per ct. of hours active..
Combs
per ct. of hours active..
Spinning spindlesWoolen
per ct. of hours active.. i
Worsted
per ct. of hours active.. j
Looms and spindles:
'
Woolen spindles, .per ct. of active to total..;
Worsted spindles.per ct. of active to total..
Wide looms
per ct. of active to total.. |
Narrow looms
per ct. of active to total.. |
Carpet looms
per ct. of active to total..;
Prices:
j
Raw wool to producer,
j
all grades
dolls, per l b . . j
Unwashed,fine Ohio,Boston.dolls, per l b . .
Worsted yarn
dolls, per l b . .
Wool dress goods
dolls. per yd..
Men's suitings
dolls, per yd..

56,411

59,682

52,533

261,529

300,216 + 14.8

1921

96

119

131

8,109
45,477
53,586
77,047

10,586
42,797
53,383
47,173

16,717
24,255
40,972
32,956-

64,503
102,741
167,244
165,001

40,745
223,425
264,170
301,350

- 36.8
+117. 5
+ 58.0
+ 82.6

1913
1913
1913
1913

72
465
182
308

124
460
218
261

44
69
775 1,046
344
250
504
451

91.3
84.4

62.4
55.2

1921
1921

85
84

116
116

135
134

130
131

133 4 2.0
132 4 - 0 . 8

82.5
127.3
119.8

85.7
101.4
112.6

75.5
89.7
79.2

1921
1921
1921

146
121
82

160
133
105

170
145
132

161
178
134

167
3.9
142 - 20.3
126 - 6.0

102.0
109.5

99.9
103.6

88.6
65.3

1921
1921

118
76

123

132
117

137
125

142 j 139 134 126 -

2.1
5.4

90
94
87
85

90
94
87
85
87

67
63
65
78

1913
1913
1913
1913
1913

108
84
81
88
116

112
91
85
89
115

113
123
112
118
125

117
127
116
118
128

117
127
118
116
126

117
127
118
116
128 4-

0.0
0.0
0.0
0.0
1.6

.417
.52
1.800
1. 035
3. 690

.290
.41
1.350
.815
3.060

1913
1913
1913
1913
1913

149
173
167
145
184

174
186
174
145
198

211
236
225
176
227

223
232
225
184
227

235
232
225
184
227

250
236
232
184
239

89.5 |
83. 7

.392
.51
1. 750
1.035
3. 510

142

128

135 4-

5.7

60
79 4- 30.5
862 811 - 5.9
286 ! 285 - 0.4
609 | 373- 38.8

+ 6.4
4-2.0
4-2.9
0.0
4- 5.1

Cotton.
Consumption by textile mills *
bales..
Stocks, end of month: *
Mills
thous. of bales..
Warehouses
thous. of bales..
World visible supply
(American)
thous. of bales..
Total domestic ginned
thous. of bales..
Imports, unmanufactured •
bales..
Exports, unmanufactured *
bales..
Manufactured goods:
Cotton cloth exports
thous. of sq. y d s . .
Fabric consump. by tire mfrs.thous. of lbs..
Elastic webbing sales
thous. of y d s . .
Fine cotton goods:
Production
pieces..
Sales
pieces..
Machinery activity, spindles:
Active
thousands..
Total activity
mills, of hours..
Activity per spindle
hours..
Prices:
Raw cotton to producer
dolls, per l b . .
Raw cotton, New York
dolls, p e r l b . .
Cotton yarn
dolls, per l b . .
Print cloth
dolls, per y d . .
Sheeting
.dolls, per y d . .




577,396
1,889
1,966
1,813
3,995
37,008
262,753
44,741
12,509
16,181 '

020.965 | 495,337
1,621
1,580

2,457,641

2,998,765

103

1,420

2,559 !

4- 7,5
- 14.2
90 - 19.0

1913
1913

109
182

106
145

159

151
135

140
112

110
134
74
82

97
112
71
65

136
327
49

75
115
262
44

59
97
183
36

46
80
116
22

139
129
76

163
152
87

177
93

132
203
117

120
187
110

- 18. S
192 4- 3.0
111 4- 0.6

96 I 99
61 i 78

104
86

130
99

110
48

128 4- 10.2
41 - 10. 1

1,432 |;
3,001
3,280 j
4,612 ;
23,593
14,320 j 186,246
160,368 ; 469,397 2,343,440

285,424 + 53.3
1,574,424 - 32.8

1913
1914
1913
1913

60,448
10,161
12,758

224,213
42,634
59,652

8.3
205,605 61,824 + 45.0
78,076 + 30.9

1913
1921
1919

378,974
347,368

1,803,164
1,372,499

2,213,182 + 22.7
1,776,741 4- 29.5

1919
1919

36,335
12,888
16,286

120

4-

7.3
17.9
30.4
39.0

I
423,201
215,503

491,660
180,914

35,516
8,787
236

35,390
9,309
249

.269
.290
.495
.097
.129

163,100

31,641 |
7,493
203

.250 ;;

.187

..

.277

.208

..

.471 :
.073 |
.124 j

.370

..

.064

..

.093

!..

176,956

+

8.5

1913

104

1913
1913
1913
1913
1913

133
142
141
173
148

105

117

! 156 231
I 163 226
| 149 197
j 185 232
I 151 206

117 I

237
240
203
238
208

224
226
200
229
210

117 - 0.4
4 5.0
4- 5..
213
216
190
212
202

-4.8
- 4.5
-4.8
- 7.6
-3.9

25
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 given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

April,
1923.

May,
1923.

Corresponding
month,
April
or May,
1922.

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1922

(

v

1923

or decrease
(-)
cumulative
1923
from
1922.

3,383,100
3,038
3,852,000
70,200

+ 4.2
- 7.2
+ 27.9
- 9.3

BASE
YEAR
OR
PERIOD.

Percentg
increase

1923

1922

or decrease
y
from
Apr.

Apr. ! May. Feb. Mar. Apr. May.

TEXTILES—Continued.
Knit Underwear.
Production
doz.. 674,100
367
Orders received
thous. of doz..
Shipments
doz.. 654,300
11,700
Cancellations
doz..
UnQUed orders, end of month.. .thous. of doz..
2,162

667,800 3,248,100
758.700
815
3,274
443
644,400 I! 500,400 3,012,300
15,300 |
18,900
78,300
1,937 \
1,316

1920
» 1920
11920
1 1920
U920

110
407
117
46
320

113
807
109
39
262

1913
2 1920
1920
1913

108
140
38
179

164
187
41

1913
1913

110
53

165
77

106

116

114

128

+

12.6

497

554

364

439

+

20.7

182

189

143

140

-

1.5

20

22

23

31

511

432

430

386

180

216

146

172

+

17.6

203

188

214

137

-

35.8

+

4.6

+ 30.8
-

10.4

Silk.
Imports, raw
Consumption, raw
Stocks, raw, end of month.
Prices, raw, Japanese, N. Y

thous. of lbs..
bales..
bales..
dolls, per l b . .

B u r l a p a n d Fiber.
Imports:
Burlap
thous. of lbs..
Fiber (unmanufactured)
long tons..

4,170
38,193
28,657
9.310

4,904 h 4,662
24,509 j- 33,284
29,962 ; | 20,826
8.42S ii 7.203

19,549
140,131

58,135 11 56,007
28,392 11 22,120

203,573
98,280

25,964 + 32.8
167,128 + 19.3

87

77

56

58

241

237

256

232

-9.5

141

156

171

92

104

99

+ 10.1
I- 4.6

I
52,825
29,752

275,118 + 35.1
161,830 + 64.7

METALS.
Iron a n d Steel.
Iron ore movement
thous. of short tons..
Production:
Pig iron
thous. of long tons..
Steel ingots (prorated).thous. of long tons..
Merchant pig iron:
Production
thous. of long tons..
Sales^..,
.thous. of long tons..
Shipments
.,
thous. of long tons..
Unfilled orders
thous. of long tons..
Stocks, merchant
furnaces
thous. of long tons..
Stocks, steel plants
thous. of long tons..
Lake Superior iron ore: f
Stocks:
Total
thous. of tons..
At furnaces
thous. of tons..
On Lake Erie docks
thous. of tons..
Consumption
thous. of tons..
Steel castings:
Total bookings
short tons..
Railroad specialities
short tons.. I
Miscellaneous bookings
short tons..
Exports (comparable)
thous. of long tons.. j
Exports (total)
thous. of long tons..
Imports
thous. of long tons..'.
Unfilled orders, U. S. Steel Corp.,
end of month
thous. of long tons..
Foundry production, Ohio.. per ct. of normal..
Wholesale prices:
Pig iron—
Foundry No. 2,
Northern
dolls, per long ton..
Basic,
Valley furnace.. .dolls, per long ton.. j
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..




4

+316.5

1913

75

17

3,868 i
4,205 \

2,307
3,223

9,690
12,914 !

16,160 + 66.8
19,531 + 51.2

1013
1913

600 |
129 !
515 !

1,171
2,172
1,620

2,532 4-116. 2
2,461 + 13.3
2,415 + 49.1

1,256 I

250
387
408
1,421

1914
1914
1914
1914

340 |
69

334
131

1914
1914

23,025
19,683 i 18,865
14,825 | 14,786 j 16,532
4,858 ! 4,347 || 6,493
5,582
3,294 | 3,294

14,413 j - 40.0

1919
1919
1919
1919

76 !
,i 82
|| 81
11 86
!
| 76 ! 82 !|

100 82
83
101
82
97
116 136

!+ 88.8
|+ 59.8
+ 125.2
- 19.4
- 13.8
!
+445.7

1920
1920
1920
1913
1919
1913

114 | 117 |i
176 ! 161 Ij
88 j|
81 ] 82 ;|
119 j 137
87 |l
70

136 217
150 288
127 170
59
48
98
80
252 394

3,548 |
3,948 !
i
533 j
220 I
514 |
1,643 |
265
67

90,968
39,610
51,358
141
179
76

89,493 '
; 38,788 i
' 50,705
158
;
205
i
75 !
\

77,600
42,796
34,804
188 |
231
23

24,019 !
272,696 |
151,806 I
120,890 I
804 |
939 !

81 I

514,782
242,531
272,251
648
809
442

81
115

90 I
128 !

117

138

138

160

151 + 9.0
167 i+ 6.5

I; 65 66 || 115 133
:| 240 117 jj 209 279
I 114 123 j| 130 159
j 114 109 i| 116 147
59 | 44 |
82 | 69 I

158
39
155
96

+
|+
I-

12.6
41.4
0.2
23.6

32

45

35

36

|+ 28.3
+ 3.0

65

62

! - 4.2

67

66 I -

0.3

60

53 I -

10.5

139

j -

41.0

138

135

149

146

130

128

62

69

106

121

288

281

123

| - 1.6
! - 2.1
- 1.3
| + 12.1
+ 14.5
-1.3

7,289 |
79.90 ;

6,981 I
81.12 i

5,254
49.48

1913
1921

86 ; 89 j 123125
234 ! 239 j 327 402

386

118 |— 4.2
392 + 1.5

32.77

31.97 I

25.76

1913

142 i 161 i

202

205

200

31.00
45.00
47.01
31.44
2.99
2.81
2.60

29.00 |i
44.60 |j
47.37 !
30.84 ;
3.03 ij
2.79 I
2.60 1

24.60
34.00
36.49
23.91
2.18
2.11
1.60

1913
1913
1913
1913
1913
1913
1913

136 I 167
114 j 132
131 | 139 i
135
! 155
126 127
125 | 127
106 '
99 !

205

211

197

172

175

171

179

197

204

165

174

173
180
200
176
168
172

i Six months' average, July to December, inclusive.

53850—23

6,081

1,460

i

183
179
154
162
181
158
157
139

163

169

146

172

«Eleven months' average, February to December, inclusive.

-2.4
!
I- 6.5
jj - 0.9
i;+ 0.8
|!- 1.9
jj + 1.3
;|- 0.7
jI
0.0

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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

April,
1928.

May,
1928.

Corresponding
month;
April
or May,
1922.

INDEX NUMBERS.

Percentage
increase

(

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

v

or decrease

BASE
YEAR
OR

Percentage
increase

1923

1922

or decrease

PERIOD.

(-)

1922

cumulative
1923
from
1922.

1923

Apr. May.

Feb. Mar. Apr. May.

May
from
Apr.

METALS—Continued.

Finished Iron and Steel.
Sheets, blue, black, and galvanized:
Production
short tons..
Shipments
short tons..
Sales
; . . .short tons..
Unfilled orders
short tons..
Total stocks
short tons..
Unsold stocks
short tons..
Steel barrels:
Shipments
barrels..
Production
per ct. of capacity..
Unfilled orders
barrels..
Structural steel:
Sales (prorated).,
short tons..
Sales
perct. of capacity..

254,808
253,563
183,904
577,969
140,044
24,470

260,006

218,743

778,535

1,292,728

278,059

212,748

730,139

1,284,970

889,165

242,624

176,200

551,139

364,075

141,781

94,853

23,397

22,177

245,125
50.1
556,801

234,440

225,372

46.3

42.2

493,098

410,477

202,500
81

142,500

202,500

58

81

+ 66.0
+ 76.0
1,257,740 + 41.5

397

139
127
180
79
132
521

163
167
231
90
122
520

149
147
131
84
125
438

152
162
172
80
127
419

1920
1920
1920
1920
1920
1920

108
103
188
57
91
611

128
124
125
53
85

+
+
+
+
-

2.0
9.7
31.9
4.6
1.2
4.4

785,108

1,134,151

+ 44.5

1921
1921
2 1921

179
207
149

201
243
178

173
236
257

227
276
267

219
288
237

209 - 4.4
266 - 7.6
210 - 11.4

823,100

970,000

+ 17.8

1913
1913

228
174

212
161

209
159

251
190

212
162

149 - 29.6
116 - 2 8 . 4

+373.0
+626.1
62 - 34.7

1920
1920
1920

23 I
4 9 | 178
18 i 12

92
245
15

71
183
18

78 + 97
207
13.4
11 - 37.5

- 13.2

1920
1920
1920
1913

47
58
24
300

47
56
29
174

168
239
18
74

175
248
24
405

167
236
22
93

163
229
24
21

1920

18

19

24

23

21

13 - 37 8

24.8

1919

10

6

6

7

11

4 - 59.0

755

+ 39.8
+ 53.9
7,405 + 43.7

1919

61

404,696

1919

118 | 116

1919

117

55
126
144

51
131
188

71
162
167

83 + 16.2
191 + 17.8
166 - 0.9

Iron a n d Steel P r o d u c t s .
Locomotives:
ShipmentsTotal
number..
Domestic
number..
Foreign.
number..
Unfilled o r d e r s Total
number..
Domestic
number..
Foreign.
number..
Freight cars: Orders, domestic
number..
Ship construction:
Vessel under
construction.
thous. of gross tons..
New vessels
completed
thous. of gross tons..
Stokers:
Sales
number..
Sales
horsepower..
Steel furniture, shipments
thous. of dolls..
Agricultural pumps:
Shipments—Total
thous. of dolls..
Pitcher, hand, etc
number..
Power pumps
number..
Tubular plumbing sales:
Quantity
number of pieces..
Value
dollars..

217
201
16

238

70

248

1,173

228

54

153

1,111

10

16

95

2,204
2,111

2,150

621

2,045

497

105

124

9,800

2,200

18,250

241

150

221

39

16

21

167
85,339
1,520

194

143

540

100,513

61,391

262,954

1,506

1,056

5,153

610,531
62,290
3,271

696,468
57,653
4,258

576,957

185,724
189,747

119,467
122,392

Copper a n d Brass.
Copper:
Production
thous. of lbs.. 117,914
Exports
thous. of lbs.. I 64,353
Wholesale price, electrolytic.. dolls, per l b . . j
. 169
Brass faucets:
j
Orders received
number of pieces.. | 566,558
Orders shipped
number of pieces..! 703,457

124,785
59,010
.156

87,250

153

75,690

115

-

53 I

116

+
-

2.5
3.1
12 9
77.6

+ 14.1
- 7.4
+ 30.2

52,893
3,291

- 35 7
- 35.5

92,048 j 294,643
62,891 | 319,881
. 132 !

579,247 | + 9 6 . 6

1913

313,125 | j - 2.1

1913
1913

75
100
80

90

101
71

84

119
91
108

116 I 122+ 5.8
91 | 84 - 8 . 3
108 ! 99 - 7 . 7

512,395
681,483

- 9.6
- 3.1

Zinc
Production
Stocks, end of month
Receipts, St. Louis
Shipments, St. Louis
Price, slab, prime western

..thous. of lbs., j
..thous. of lbs., j
..thous. of lbs..|
..thous. of lbs..
dolls, per l b . . |

93,732
17,952
28,851
17,498
.077

94,694

54,838

26,038

80,818

26,055

27,066

20,048

24,643

.071

.055

* Eleven months' average, February to December, inclusive.




251,352
93,219
122,463

463,408 + 84.4
113,174 ',+ 21.4
87,779 j - 28.3

1913
1913
1913
1913
1913

127 |
57 j
46!
90

147
95
27
99
98 ' 40
50
87
94 \ 130 !

169
25
128
79
141

162 ; 164 + 0.8
22 ! 32 + 45.0
104 i
62 !

94 ! -

9. 7

71 11+ 14.6

133 ; 121 I I -

7.8

27
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously i n the SURVEY
or are repeated for special reasons; detailed
tables covering back figures for these items
will be found at t h e end of this bulletin, f o r
items marked with a dagger (+) detailed tables were given in the J u n e n u m b e r (No. 22).
For detailed tables covering other items, see
the last quarterly issue of t h e SURVEY ( N O .
21).

April,
1923«

Mav,
1928

Corresponding
month,
April
or May,
1922

Per- ;
cent-age
ncrease
(+)
or de- '
crease ;
(-) i
curau- i
lative i
1923 :
from <
1922.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1922

1923

INDEX NUMBERS.

BASE
YEAR
OR
PERIOD,

j
1
j
i

1922

Percentage
increase

1923

(+)

or decrease
(-)
May
from
Apr.

Apr.

May.

148

104

Ill

220

194

170

-

12.4

110

89

• 130

192

176

118

-

32.9

Feb.

Mar. Apr. May.

METALS—Continued.
Tin.

I

Stocks end of month
Imports

long tons

3,577

3,132

1,921

• thous. of lbs

16,802

11,272

8,490

...

-

Wholesale price pig tin

463

dolls per lb

428

1913
53,197

72,033

+ 35.4

i

1913

68

69

94

109

103

95

- 7 . 6

1913

I

178

185

203

199

179

179

+ 0.3

+ 38.7

1913

1

137

130

169

181

185

165

-

10 9

67,546

-

22.5

1913

282

372

215

271

301

192

-

36 1

32,281

-

18.5

1913

70

124

62

91

78

61

1913

116

126

185

193

188

168

-

10 8

8.3

1913

309

World visible supply f

loncr tons

22 116

22 187

22 910

Domestic consumption t

long tons

6,775

6,035

4,740

10,518

20,344

87,114

10,856

39,590

23,255

32,254

Lead.
Receipts St. Louis

thous. of lbs .

16,470

Shipments, St. Louis

thous. of lbs .

6,814

5,304 i

Wholesale price, pig, desilverized, dolls, per l b . .

.083

.074

.055

-22.2

FUEL AND POWER.

Coal and Coke.

|

Production:
Bituminous coal

thous. of short tons..

42,504

46,076

20,501

165,025

227,730

+ 38.0

1913

|

40

51

106

117

107

116

+

Anthracite coal

thous. of short tons..

8,0(33

8,573

35

21,838

42,022

4- 92.4

1913

|

117

106

112

thous of short tons

1,776

1 829

432

2,737

8,314 i +203. S

1913

(3)
15

102

Beehive coke

(3)
19

53

62

63

65

By-product coke

thous. of short tons..

3,206

3,32S

2,537

10,599

15,700

+ 48.1

1913

210

240

205

307

303

314

+ 6.3
+ 3.0
+ 3.8

mills, of kw. hours..

4,473

4,630

3,824

18,513

22,910

+ 23.8

1919

111

118

133

146

138

143

thous. of long tons..

327

568

1 930

1921

104

72

4

6

12

21

Bituminous

thous. of long tons .

1,385

2,249 i

340

3,700

6,752

+ 82.5

1909-13

65

31

73

111

120

205

Anthracite

thous. of long t o n s . .

422

446 !

61

9G4

1,954

+ 102.7

1909-13

38

21

115

139

147

155

+ 62.4
+ 5.7

Coke

thous. of long t o n s . .

202

163

22

137

612

+340.7

1909-13

38

30

97

134

277

223

- 19.3

dolls, per short t o n . .

4 89

4 39

4 70

1913

164

214

222

222

222

200

— 10.2

dolls, per short t o n . .

2 79

2 66

3 10

1913

182

252

292

258

227

216

- 4 . 7

dolls, per long t o n . .

10. 62

10.63

1913

201

200

200

200

+ 0.1

5.15

6.00

1913

183

(*)
246

200

0.31

292

300

259

211

-

8 84

8 81

8 68

1913

182

180

224

207

184

183 ! -

0.3

13 67

13.67

13 14

1913

189

189

214

203

196

196

0.0

281
252

299
260

I

Public-utility
electric power
Storage, anthracite

+ 3.5
+ 73.7

Exports:

Wholesale prices:
Bituminous—
Kanawha, f. o. b .
Cincinnati
Mine average
Anthracite, chestnut,
N Y
Co1re Connellsville

dolls per short ton

(<)

18.4

Retail prices:
Bituminous, Chicago, .dolls, per short t o n . .
Anthracite, chestnut,
New York

dolls, per short t o u . .

Petroleum.
Crude petroleum:
Production
Storks end of m o n t h

thous. of b b l s . .
thous of bbls

Stocks, end of m o n t h

days' supply..

Consumption

thous of bbls

5S,133
5 264 627
6

61,962
5

273 157

46,456

221,080

270,107

+ 24.6

143

149

158

55 698

56,674

48,571

221,178

277,583

1913

216

224

234

271

1913

225

235

243

247

1919

149

136

124

120

123

128

+ 25.5

1913

188

223

228

264

255

260

+
+
',+
+

247 093

6.6
3.2
4.2
1.8

. .

thous. of bbls .

4 905

4,581

14,018

64,855

27,421

-

57.7

1913

786

945

294

394

335

309

- 7 . 7

Shipments from Mexico

thous. of b b l s . .

12,682

12,297

18,587

89,740

60,336

-

32.8

1913

S64

861

471

612

599

570

-

3.0

Price, Kansas-Oklahoma...dolls, per bbl._

1 825

1 525

2 250

1913

241

241

185

198

195

163

-

16.4

Oil wells completed

1,521

1,871

1,511

6,570

6,942

+ 5.7

1913

91

95

69

78

96

118

+ 23.0

+ 33.5
+ 29.9

1919

1 143

156

172

191

188

192

1919

189

182

218

223

214

232

2,319,530 !+ 28.1

1919

135

174

130

151

176

203

+ 2.0
+ 8.4
+ 19.4

1919

189

181

239

267

2S3

281

-

Imports

number..

Gasoline:
Production

thous. of a als .

619 043

631,705

513,659

2,301,703

3,073,924

Exports

thous. of gals..

05,055

71,153

55,824

254,671

330,787

Domestic consumption

thous. of gals..

487,837

582,554 j 499,242

1,810,856

Stocks, end of month

thous. of gals.. 1 336 418 1,328,533 i 856,607

0.6

Kerosene oil:
Production

thous. of gals..

181,948

189,177

173,824

Stocks

thous. of gals..

273 005

272,672

318,890

Production

thous. of gals..

976,760

966,166

936,742

Stocks

thous. of gals. - 1,272,978 1,246,662

1,321,438

881,555

954,648

+ 8.3

1919

97

89

92

98

93

97

+ 4.0

1919

108

106

91

94

91

91

-

1919

125

147

142

153

154

152 | -

1.1

1919

167

172

166

163

165

162

-

2.1

1919

103

113

110

129

129

149

1919

1 147

140

148

146

145

140

0.1

Gas and fue oil:
4,196,687

4,805,762

+ 14.5

Lubricating oil:
Production

thous. of gals. -

90,693

105,363

79,848

Stocks

thous. of gals..

234,700

226,2S9

220,293

•Index number less than 1.
« No quotation.




6
6

369,021

451,377

+ 22.1

1+ 16.2
-

Does not include stocks of topped oil held at refinories; this omission reduced the January stocks by about 15,000,000 barrels.
Revised.

3.6

28
TREND OF BUSINESS MOVEMENTS—Continued.
N U M E R I C A L 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 J u n e number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY ( N O .
21).

April,
1923.

Mav,
1923.

Corresponding
month,
April
or May,
1922.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

I N D E X NUMBERS.

Percentage
increase
{

V

or decrease

(-)

BASE
YEAR
OR
PERIOD.

cumulative
1923
from
1922.

1922

1923

060,318
606,531

700,082

5.2

036,091

4.9

Percentage
increase

1928

1922

(+)

or decrease
(-)
May
Feb. Mar. Apr, May. from
Apr.

Apr.

May.

1919

122

138

86

103

128

150

+ 21.4

1919

105

119

92

100

104

123

+ 19.0

PAPER AND PRINTING.
u

.

,

Wood Pulp.

Mechanics :
Production
short
Consumption and shipment.. .short
Stocks, end of month
short
Imports
short
Chemical:
Production
short
Consumption and shipment.. .short
Stocks, end of month
short
Imports
short

tons..
tons..
tons..
tons..

154,708
124,915
89,180
17, ISC

187,908
148,598
120,234
17,668

tons..
tons..
tons..
tons..

175,291
171,601
55,2C4
70,401
116,719
118,023
111,712
1,475

107,197
144,C42
182,S67

1919

104

119

38

39

58

82

11,626

115,900 i 120,230 + 82.4

1909-13

72

71

169

153

104

107

+

2.8

183,591
181,253
49,229
72,932

K4,497

787,015
908,944 + 15.4
784,922 | 890,080 + 14.2

1919

93

102

109

118

109

114

+

4.7

1919

96

105

110

117

107

113

+

5.0

1919

99

92

95

96

103

92

-

10.9

51,058

327,142

439,011 i|+ 34.4

1909-13

255

202

383

322

270

2SG | +

3.0

138,868
136,979
115,143
1,496

129,950
130,043
81,352
2,576

562,912
562,065
401,624
12,085

626,944
625,365
535,678
7,218

121 !|+ 19.0
119 ||+ 16.1
629 !|+ 3.1

168,095
49,586

+ 41.5

Newsprint Paper.
Production
short tons..
Shipments
short tons..
Imports
short tons..
Exports
short tons.. I
Stocks, end of month:
I
Total
short tons.. j
At mills
short tons..
Jobbers
short tons..
Publishers
short tons..
In transit to publishers
short tons..
Consumption
short tons..
Prices:
Contract, domestic
dolls, per 100 lbs..
Contract, Canadian
dolls, per 100 lbs..
Spot market, domestic. .dolls, per 100 lbs..!
Book:
Other Paper.
Production
short tons..!
Stocks
short tons..'
Paperboard:
|
Production
short tons.. j
Stocks
short tons.. I
Wrapping:
I
Production
short tons.. I
Stocks
short tons..!
Fine:
i
Production
short tons..
Stocks
short tons.. |
Total, all grades (including newsprint):
Production
short tons..!
Stocks
short tons.. i
Exports (total printing)
short tons..
Book publication:
|
American manufacture
number..!
Imported books
number.. j
Paper Boxes.

+
+
+
-

11.4
11.3
33.4
40.3

1919

113

100

113

102

1919

100

113

100

115

103

1913

422

444

489

613

610

1913

93

72

33

55

41

256, S21
20,832
8, 737
176,347
50,905
190,558

3.827
3.791
3.852

3.726
3.777
3.957

3.541

1919

3.501
3.548

93,390
36,871

97,221
40,614

82,574
39,491

179,744
52,300

199,939
56,107

176,790
65,702

78,559
43,403

85,348
44,015

71,494
70,906

331,023

32,507
37,889

35,196
40,957

30,129
36,985

140,963

605,490
230,181
2,535

659,025
245,872
2,629
596

216,438

1919

93

95

113

108

106

112

24,7S1

1919

104

104

97

84

79

87

5,438

1919

65

63

90

89

96

101

+

5.1

150,443
35,776
174,670

1919

98

97

111

107

107

114

+

6.6

827,240

373,844

473,281 + 26.6

7

7

640,019

589,971 2,126,444
285,729
17,004
3,893
346
46

917,315 + 10.9

2,672
467

787,187 + 23.0

411,199 + 24.2

170,170 + 20.7

7

2,543,432 + 19.6
12,785 -

24.8

3,127 + 17.0
436 - 6.6

+

6.0

+ 10.4

1919

74

87

134

133

121

124

+

2.5

1919

124

123

116

134

138

134

-

2.5

95

100

101

103

100

- 2 . 6

1919

96

96

104

103

104

103

- 0 . 4

1919

83

83

90

90

92

+ 2.7

1919

92

108

126

123

128

+

1919

118

125

199

117

128

+ 10.2

1919

101

109

122

111

1919

128

121

116

123 + 11.2
103 | + 7.3
!

1919

106

124

135

150 I

136

148

1919

125

130

79 !

79

8.6
1.4

1919

96

105

113

123

113

123

S.3

1919

97

100

108

100

103

111

8.1

1919

102

114

119

128

119

120

110

(7) i

117

1919

96

103

1919

29

25

15

20 I

16

17

88
6.8
3.7

64

73

14.8

45

43

4.3

156

148

175

162

5.3
7.3
4.7

111

101

8.3

123

119

3.1

1913

74

43

78

1913

58

22

43

|

I
101 I

4.1

42 i

Corrugated board:
Production (Container
120,972
510,528
785,447 + 53.8
Club)
thous. of sq. ft.. 166,644 157,734
»1919
109
137
151
113
41,156
173,359
Production (Nat'l Ass'n)..thous. of sq. ft.. 135,539 125,640
1922
710,965 +310.1
184
45
53
215
86
82
64
Machinery activity
per cent of normal..
Solid fiber board:
Production (Container
56,287
Club)
thous. of sq. ft..
51,616
44,154
255,055
283,153 + 11.0
1919
109
112
103
27,116
Production (Nat'l Ass'n)..thous. of sq. ft..
26,282
8,809
61,762
144,914 + 134.6
1922
67
117
164
Machinery activity—per cent of normal..
78
76
74
Folding boxes:
Production
per cent of capacity..
66.1
61.8
69.4
1921
151
121
151
148
'I
New orders
per cent of capacity..
70.0
53.3
1921
134
186
154
146
1
Six months' average, July to December, inclusive.
T
Incomplete returns from manufacturers of paper board made the compilation of a March figure impossible. The total is not shown because
the cumulative total for 1922, for purposes of comparison, exclude March.




1.4

II

242,331
18,876
8,314
165,455
49,686
195,510

519
92

42 !!+

2.6
144
146

135 j
111 [

6.2
24.0

of this omission and

29
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in i iie SURVEY
or are repeated for special reasons; detailed
tables covering back figures for these items
will be found at the end of this bulletin. 1 or
items marked with a dagger (j) detailed tables were given in the June number (.No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21)

Anril,
1923.

May,
1923.

Corresponding
month,
April
or May,
1922."

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1922

1923

INDEX NUMBERS.

Percentage
increase!
(+)

or decrease
(-)

cumulative
19^3
from
1922.

1922

YEAR
OR
PERIOD.

Percentage
increase

1923

(+)
Apr. May. [ Feb. Mar. Apr. May.

or decrease
: (-;

i

A

Pr-

PAPER AND PRINTING—Continued.
Other Paper Products.
Labels:
New orders
per cent of capacity..
Rope paper sacks: Shipments, .index number..
Abrasive paper and cloth:
Domestic sales
reams..
Foreign sales
reams..

14.6 !

86.4 !

117,413 i 101,408
9,631 I 12,370

82.0

76,364 !
6,8S5|

340,475
33,118

504,342 + 48.1
52,902 + 59.7

1921
«1921

192
96

1919
1919

107
84

186 ; 20S 242
103 ' 105 130 j
,
129
112
154 I
113
126 I
75

214 ; 195 ii122 ; 135 :!+
j
Jj
172 ! 149 ij105 I 135 :!+

8.9
10.7
13.6
28.4

Printing.
Activity, weighted
Crude:

index number..

Sept.,'20'•

88

95 ! 94

97 \ 99

::-

3.1

RTTBBEK.

Imports
thous. of lbs..
Consumption by tire mfrs... thous. of lbs..
Wholesale price, Para, N. Y . .dolls, per lb..
Tires:
ProductionPneumatic
thousands..
Solid
thousands..
Inner tubes
thousands..
Domestic shipments—
Pneumatic
thousands..
Solid
thousands..
Inner tubes
thousands..
Stocks, end of month—
Pneumatic
thousands..
Solid
thousands..
Inner tubes
thousands..
AUTOMOBILES.
Production:
Passenger cars
number..
Trucks
number..
Shipments:
By railroad
carloads..
Driveaways
number of machines..
By boat
number of machines..
Internal-revenue taxes collected on:
Passenger automobiles and
motor cycles
thous. of dolls..
Automobile trucks and
wagons
thous. of dolls..
Automobile accessories and
parts
thous. of dolls..

80,107 i! 35,727
47,671 | 29,068 I
.171
.249

69,447
38,348
.274

264,105
119,613

358,978

+35.9

196,035 + 63- 9

1913
1921
1913

; 449 I 370 I 625 717 : 719 i 830 ;j+ 15.3
; 135 j 162 191
232 | 214 ! 266 ij+ 24.3
!; 21 | 22 38
36 • 34 i 31 i|- 9.1

; 132 150 ! 177 213 i 195 | 201 jj+ 3.4
! 132 ! 163 213 226 ! 202 ! 219 | ; + 8.5
!• 117 ! 132 ; 179 216 189 191 + 1.4

3,539
71
4,260

3,660 !
77 jl
4,318 ji

2,722 i
58 I
2,971

11,908
233
13,579

17,410 + 46.2
387 + 66.1
21,444 + 57.9

1921
1921
1921

2,976
72
3,536

2,75S
67;;
3,414 |

2,639
61
2,939

9,959
231
10,951

14,640 + 47.0
341 + 47.6
17,528 + 60.1

1921
1921
1921

110 138 j 136 174 I 156
I 119 [ 138 j 144 175 i 165
102 i 12S ;| 131 167 154

261
8,394

6,907
268
9,292

5,523
171
7,190

1921
1921
1921

130 i 131 124
: 75 74
117
!; 158 I 157 148

;.

344,474
• 37, 527

6

350, ISO
42,983

6

«44,977
59,522
6 4,869

46,075
60,550
12,050

5,621

12,079

6

713

1,216

j ;!

232,431 | 773, 470 1,491,434 + 92.8
156,295 + 76.6
23,788 i 88,502

1919

143

1919

85

206,799 + 62.2
256,355 + 198.9
20,469 + 82.0

1920

|j

1920

j;

1920

ii

39,389 + 94.7

1920

« 33,416 • 127,496
e 28,827 ; 85, 777
6 7, 406
11, 249

6,834 ;
981

20,229
3,053

4,163

+ 36.4

145 !|- 7.3
153 ;i- 8.2
149 j;'- 3.5

135 j 144 ' 164 + 13.5
115 113 116 I + 2.7
169 : 184 : 203 ! -f- 10.7

83

254 + 1.6
162 | + 14.5

171
73 j 109
63 ! 158 !
19

212 ; 215 ! 220 i + 2. 4
160
152 i 154 ! + 1.7
41 ! 104 256 i| + 147.5

168 Ii
90 ii

184 231 ! 249
131 i 142

50 ! 160 |

57 I

116 ! 81

1920

58 i 78

i

56

173 I + 114.9

;

i!

57 ; 56 i 96 !j+ 70.5
3,394

3,504

2,684 |

11,725 j

16,995 + 44.9

82

1920

63

1919

79 I 82 ;' 82

79 ! 80

82 ii+ 3.2

GLASS AND OPTICAL GOODS.
Bottles, production
index number..
Illuminating glassware:
Net orders
per ct. of capacity..
Actual production
per ct. of capacity..
Shipments billed
per ct. of capacity..
Spectacle frames and mountings:
Sales (shipments)
index number..
Unfilled orders (value)
index number..

52.4
55.7
54.8

58.3
56.6
51.3

45.5 |.
45.3 j.
41.1 L

M921
9 1921
9 1921

:i

79

90

—

107 123 |j 188 151
143 159 ;+ 11.2
154 , 156 ;j+ 1.3
120 * 125 || 154 143
152 , 154 ! 144 | j - 6.5
115

!

• i1

1919

257
44

259 j! 351 439
454 i 445 j 92 i 97 j 99 +
37 |! 93

1913
1913
1913
1914

168
172
165
152

173
176
167
157

1913

1.1

2.0
2.1

BUILDING AND CONSTRUCTION.
Building Costs.
Building materials:
Frame house, 6-room
Brick house, 6-room
Building costs
Concrete factory costs

index
index
index
index

number..
number..
number..
number..

•Revised.
»Twelve months' average, May, 1921, to April, 1922
8
Twelve months' average, July, 1921, to June, 1922.

53850—23




5

198
201
205
197

209
209
214
197

i
!
j
;

206
209 ,
217 ,
204 ,

212
214
221
204

|,+ 2.9
j + 2.4
|,+ 1.8
l! 0.0

30
TREND OF BUSINESS MOVEMENTS—Continued.
I
| Per! cfentage
increase
CUMULATIVE TOTAL : ( + )
THROUGH
or deLATEST MONTH.
,; crease
(-)
, cumui lative
1922
1923
! from

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 ai the end of this bulletin. For
items marked with a dagger (t) detailed tables were given in the juiie number (.No. 221).
i'or detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
-i).

April,
19*23.

May,
11)28.

Corresponding
month,
April
or May,
1922.

If

INDEX NUMBERS.

UASE
YEAR
OR
PERIOD.

1923

1922

Apr.

Percentage
tn! crease

(+)

ordecreas c
(-)
May
Apr. ; May.from
Apr.

May. || Feb. ! Mar.

: 1922.

I
BUILDING AND CONSTRUCTION—
Continued.
Construction and Losses.
Building volume
index number..
Contracts awarded, floor space:
Business buildings
thous. of sq. ft..
Industrial buildings
thous. of sq. ft..
Residential buildings
thous. of sq. ft..
Educational buildings
thous. of sq. ft..
Hospitals and institutions, thous. of sq. ft..
Public buildings
thous. of sq. ft..
Social and recreational
buildings
thous. of sq. ft..
Religious and memorial
buildings
thous. of sq. ft..
Grand total
thous. of sq. ft..
Contracts awarded, value:
Business buildings
thous. of dolls..
Industrial buildings
thous. of dolls..
Residential buildings
thous. of dolls..
Educational buildings
thous. of dolls..
Hospitals and institutions.thous. of dolls..
Public buildings
thous. of dolls..
Public works and utilities, thous. of dolls..
Social and recreational
buildings
thous. of dolls..
Religious and memorial
buildings
thous. of dolls..
Grand total
thous. of dolls..
Southern construction
thous. of dolls.
Fire losses
thous. of dolls.

1913

150

179

105

195

160 ! 171 1 +

1919 '

113
40
157
380
235
145

76
40
157
112
322 i 208
320 j! 188
64
279 ||

107
60
195
214
318
159

103 j
47 I
194 j
305 ]

jj
188 ji

107

130 i 137 | 138 :!+ 0.4

I;

143

201
139

1919
1919
1919
1919
1919

1,736

1,743

1,270 :
64,527 |

1,062
60,430

1,952
59,639

4,923 :
230,064 ;

107

47

.0

1919

113

4,252 - 13.6
270,435 \,+ 17.5

1919

246

1919

125 |

204,505 [- 10.7
158,966 j + 54.5
689,2S6 I; + 26. 1
118,732
22,684 - 32.0
6,729 - 9.5
235,910 ; + 2.1

1919

174 i 170 ' 92
57 j 56
64

440 jj

128 !'
45,322 ! 53,133 ji
24,913
47,557
163,476 l 148,773
35,822 | 24,346
5,015 ;
3,996
1,431 ;
1,461
60,926
76,284
11,609
8,931
357,475
62.045
32,638

57,515 j 228,920 ;
23,893 i 102,903;
140,933 I 546,418 !
120,396 |
32,925
33,351 |
8,437
7,425 !
2,506
230,993 !
63,81

1919
1919

187 |

199

1919

!

369 i

331;

1919

202 ;

258

1919

123 j

224

1919

180

153

11,638

20,260 I

48,102'

46,834 1 - 2.6

1919

134 !

6,947

11,966 \

33,383 ;

28,089

- 15.9

1919

265

374,400 j| 362,590 ! 1,353,182 ! 1,512,664 + 11.8
52,993 i 150,458 | 198,987 + 32.3

1919

1
164 j 169 !

34,016 I

29,869 i

168,757 |

1921

106 :+ 2.1
69 |+ 47.2
170 - L IS. 4

206 |- 32.5
183 '; 138 I- 24.4

153 ! 156 ! - 18.2

286 ; 239 |- 16.4
138 ! 129 ||- 6.3

134
130
S7 ! 58
143 232 231
222 226 ! 360
ISO
154
152
133
71
128
102
146
72

1
157 + 17.2
111 + 90.9
210 |- 9 . 0
244 - 32.0
122 |- 20.3
131! + 2.1
182 ! + 25.2

125 133 167

167 + 0.2

383 I| 107

197
222 - 22.2
107 165 , 166 174
4.7
193 ! 212 i 1 3 1
2 4 1 • 225
138 ! 133 ; 191 184 ! 146
152 | + 4.2

+ 10.9

1919

2,250,697 ;+ 8.6

1917

94 !

1917

So i

187,200

291,

6.9

Lumber.
Southern pine:
Production (computed)
M ft. b. m.
428,471
478,576
477,898 2,073,300
Stocks,end of mo (computed1!.M ft. b. m. 1.056,358 1.010,591 1,111.878 i
Price, ltB"
and better
dolls, per M ft. b. m..
51.69
53.53 :
42.48
Douglas fir:
Production (computed)
M ft. b. m.. 539,871 ; 521,070 I; 464,686 2,043,185
Shipments (computed)
M ft. b. m . . 568,074 ; 534,972 || 487,518 1,972,006
Price, No. 1 common.dolls, per M ft. b. m . .
21. 50 I
21. 50 |j
13. 50 :
California redwood:
47,855
67,938
Production (computed)
Mft. b. m . .
63,162
229,179
52,744
57,326
Shipments (computed)
Mft. b. m . .
52,378 ; 204,366
55,336
Orders received (computed).. .M ft. b. m . .
43,347
62,945 !
232,. 791
California white pine:
Production
M ft. b. m . .
144,244
91,929
60,951 ; 117,035
Shipments
M ft. b. m . .
54,414
37,878 ; 149.115
68,019
Stocks
M ft. b. m . . 328,640 405,835
223,196
Michigan softwood:
Production
M ft. b. m . .
5,505 I
9,180 j
30, 628
9,832 ! 35, 609
Shipments
M ft. b. m . .
9,551 '
10,949 I
9,546 i
Stocks, end of month
M ft. b. m . .
42,980 i 41,100
48,807 \
Michigan hardwood:
Production
M ft. b. m . .
13,047 ; 18,281
67,042
14,479 !
Shipments
Mft. b. m . .
15,538 | 13,253
51, 297
11,806
Stocks, end of month
M ft. b. m.. 100,329 | 102,970
130,444 •.
j
i
Western pine:
Production (computed)
M ft. b. m . . 6 175,232 ! 193,251
160,087 | 411,960
Shipments (computed)
M ft. b. m . . •131,040 | 150,765
162,776
583,474
778,475 I.
Stocks,end of mo. (computed).M ft. b. m.. • 779,652 j 824,482

I

• Revised.




113
81 i

i

94

101
77

114
81

113 + 11.7

1913

180 • 184 I

2,404,442 I/ + 17.7

1917

121

!

2,676,597 ; + 35.7

1917

136

;

1913

12o ' 147

212 | 236 ! 236 | 236 i

256,537 '+ 11.9

1918

126

117

160 i 128

267,405 ',+ 30.8

1918

126 j 183 !

185

216 i 185

292,641 jj + 25.7

191S

1 4 8 • 219 |

208 i 233 ;

326,432 lj + 178.9

1918

270,003 !!+ 85.1

1918

103 ' 119 !: 139

1918

108 ;

1917

51 j

57 i

1917

46 !

54 '

1917

47 I

46

18.4

1917

48 |

5 2 jj

49.2

1917

34 ;

38 ;

1917

57

5 8 j:.

1917

99 ;

36 i

221 230 232

224 i -

3. 4

133 i; 116 148 155 I 149 - 3 . 5
151 ; 149 I 182 : 176 I 166 j - 5. 8

116 ;! 43
84 I; 139

0. 0

181 + 42.0
201 + 8.7
151 193 + 27.7

75 i 175 274 + 56.9
176 | 171 213 + 25.0
126 ! 124 153 + 23.5
i

33, 465 j + 9.3
40,004 j + 12.3
i
I

79, 374
76, 552

+

: 615,912 .+ 49.5
672,021 1 + 15.2

1917
1920

120
91 !

I;

146
147

32
33
46
56
43
47

35

!

52
54
46

54 I 114
106 j 131
87 j 84

32
62
40

53 + 66.8
54 - 12.8
39 - 4.4

47 | 66 + 40.1
49 I 42 - 14.7
45! 46 + 2.6
160
119
88

177 + 10.3
137 + 15.1
93 + 58

31
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE—Items marked With an asterisk (*) have
not been published previously in the SURVEY
or ate repeated for special reasons; detailed
tables covering back figures for these items
Will be found at the end of this bulletin. Fot
items marked with a dagger (t) detailed tables were given in the Jline number (No; 22),
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21);

Correspond5ing
month,
April
or May,
1922.

April,
1923.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

INDEX NUMBERS.

Percentage
increase,

(+)

or decrease
(-)
cumulative
1923
from
1922.

BASE
YEAR
OR
PERIOD.

1922

Percentage
increase

1923

(+)

or decrease

ft

Apr. May. Feb. Mar. Apr. May

1922

1923

62,990
57,890

252,840
231,630

240,170 - 5 . 0
261,660 + 13.0

1919
1919

158
156

68,252
58,428

196,273
195,148

230,971 + 17.7
239,602 + 22.7

1920
1920

129
97

18,115
9,986

61,775
38,420

59,815 + 15.5
65,568 ! + 70.7

1920
1920

140
138

24,793
21,913

79,084
68,762

28.9
35.6

1913

75 |

24,11?

1913

78 I

45,700
40,366

29,404
27,228

123,161
103,803

180,711 + 46.7
147,472 + 42.1

1913
1913

104

109

155

173 j

161

107

110

114

160 !

159

703,277

686,636

1913

76

85

1921

90.5
58.2

from
Apr.

AND C O N S T R U C T I O N Continued.
Lumbef— Continued*
Ndrth Carolina pine:
Production (computed)
M ft. b. rii..
Shipments (computed)........M ft. b. m . .
Northern pine:
Lumber—
PfOductiOn. . . . . . . , „ . . , . . , .M ft. b. ffl..
Shipments
. . . . . . . . . . . . M ft. b. m . .
LathPVoductiOn
. . . . . . . . . . . . M ft. b ; ffi..
ghipments;
M ft. b. m.
Ndrthern hemlock:
Production
M ft. b. m.
Shipments
Mft. b. m.
Northern hardwood:
...Mft. b. m..
Production
...Mft. b. m.
Shipments
Exports:
Planks, scantling, joists.... ...Mft. b. m.
Composite lumber prices (1st of following
month):
Hardwoods
dolls, per M ft. b. m.
Softwoods
dolls, per Mft. b. m.
Flooring.
Oak flooring:
.Mff. b . m . .
Production
.Mft. b. m..
Shipments
.Mft. b . m . .
Orders booked
.Mft. b.m..
Stocks, end of month
Unfilled orders, end of month.. M. ft. b. m..
Maple flooring:
Production
M ft. b. m . .
Shipments
M ft. b. m . .
Orders booked
M ft. b. m . .
Stocks, end of month
M ft. b. m . .
Unfilled orders,end of month..M ft. b. m . .
Furniture:
Shipments
value, average per firm..
Unfilled orders.. .value, average per firm..

101,904
93,193

141,630

152,927

135,953

49.86
36.62

49.26
36.27

39.10
30.76

30,706
32,068
25,298
23,749
57,356

34,636 I
32,009 ;
22,677 !
26,816 j
49,548 j

21,914
25,251
30,608
23,534
40,417

98,717
101,593
113,707

11,401
15,181
19,060
10,924
36,722

12,069 j 610,031
12,999 i 613,725
19,131 | «30,215
8,034 | 618,387
34,578 | 625,109

49,039
51,245
59,768

37,153
64,540

40.390 :
53,840 j

20,900
20,944

127,522

67,242 !
66,299 |
53,086 |
107,352 ;

46,794
44,120
152,259
51,041
45,300

16,684 '
17,995 i
42,297 |

12,233
10,704
37,845

44,427 |

26,057
60,939 \
57,3(3
29,421 !
i
20.00 !
8,79 !

29,264
C3,S67
47,572
29,202

93,540 |

-

2.4

1920

149,472 j!+ 51.4
148,234 |+ 45.9
151,211 ; + 33.0

155
180

120
152

180
212

153
168

84

96
105

124

117
101
171

111 I

271

129 147 -

184 + 48.9
102 + 18.8

124 196
226

226

72

79

+ 58.2
+ 0.3

+ 8.0

93. 6 [116.2 120.2 J119. 3 117.9 62.0 I 72.8 74.5 I 73.8 73.1 ' -

306
417

16.9
12.2

1.2
1.0

1913
1913
1913
1913
1913

298
370
491
296
4G2

328
420
501
261
557

1919
1919
1919
1919
1919

94
88
217
98
48

100 I 113
96
116
165
196
113
130
105
66

187,695 + 47.2

1920
1920

58
IS

195,670
182,616

319,224 !i+ 63.1
312,990 | + 71.4

207,153

351,076

1919
1919
1919
1919
1919

82
76
108
89
42

111
92
105
87
110
131
99
48 |

131 !
139
115
193
126

127
129
114
130
129

133 + 4.0
131 + 1.6
114 + 0.7
103 - 20.3
115 - 11.0

1919
1919
1919

70
75
87

87 | 103
76 j 103
91 | 109

119
127
107

99
103
101

119
128
101

1919
1919
1919
o 1920

199
118
171

188
173
209

102 ! 147 !
208 i 217 I
186
226 I
98 i 1G0 !

1913
1913

255
173

302
177

305
177

61,076 |+ 24.5
68,132 |+ 33.0
77,793 11-I- 30.2

67
21

548
281
785

83
51

483
582
C49
281
908

j
j
j
j

460
534
414
2C4
791

519
533
372
298
683

+ 12.8
- 0.2
10.4
+ 12.9
- 13.6

123 114
120 + 5.9
129 i 128 110 - 14.4
150 ! 123 124 + 0.4
57 - 20.5
129
77
90 - 5.8
111
105 ;

100
42

+ 8.7
- 16.6

Brick.
Clay fire brick (computed):
64,647
Production
thousands..
65,276
Shipments
thousands..
Stocks, end of month
thousands.. 157,685
66,613
New orders
thousands..
Unfilled orders
thousands.. 120,564
gilica brick (computed):
13,981
Production
thousands..
14,363
Shipments
thousands..
42,242
Stocks, end of month
thousands..
Face brick (32 identical plants):
23,515
Production
thousands..
65,447
Stocks, in sheds and kilns
thousands..
67,371
Unfilled orders
thousands..
Shipments
thousands.. j 26,423
Prices:
|
20.00
Common red, New York, .dolls, per thous..
8,79
Common salmon, Chicago.dolls, per thous..




e Revised,

158,8G4 I

44,535 I

76,310 j + 71.8
78,861 ij + 77.1

j

19.81
8.73

+ 09.5

!

+ 19.3
+ 25.3
+ 0.1

!
108,737 •+ 16.2
• !

86,2C3 :

us

110,975

+ 28. G

|

*Q Ten months' average, March to December, inclusive.

150
192
245
189

305

305

175

178

1G7
179
208
211
305
178

+
\\!|i+

10.8
6.9
14.9
11.3
0.0
0. \\

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 (f) detailed tables were given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

Ar>ril,
1923.

May,
1928.

Peri centage
increase
CUMULATIVE TOTAL
(+)
or deTHROUGH
crease
LATEST MONTH.
(-)
• cumui lative
1923
1922
192S
from
1922.

Corresponding
month,
April
or May,
1922.

[I

INDEX NUMBERS.

BASE
YEAR
OR
PERIOD.

1922

1923

Apr. May. Feb. Mar. ; Apr. May.

Percent
age
increase
(+)
or decrease
(-)
May
from
Apr.

BUILDING AND CONSTRUCTION—
Continued.
Cement.
Production
thous. of bbls..
Shipments
thous. of bbls..
Stocks, end of month
thous. of bbls..
Price, Portland
dolls, per b b l . .
Concrete paving contracts:
Total
thous. of sq. y d s . .
Roads
thous. of sq. y d s . .
Sanitary Ware.
Baths, enamel:
Orders shipped
S tooks
Orders received
Lavatories, enamel:
Orders shipped
Stocks
Orders received
Sinks, enamel:
Orders shipped
Stocks
Orders received
Miscellaneous enamel:
Orders shipped
Stocks
Orders received
Unfilled orders:*
Baths
Small ware

J

35,673
34,559

49,938 + 40.0
48,919 + 41.6

1913
1913
1913
1913

120
116
129
148

146
172
115
148

105
81
120
173

129 I 148
140 I 175
116
102
173
173

10,852
8,271

37,788
30,408

31,713 I - 16.1
30.4
21,149

1919
1919

255
265

244
241

141
138

128
109

105
132

212 + 28.0
175 + 31.8

82,100
47,694
150,475

320,473

432,374 i|+ 32.4

429,410 J

554,788 |:+ 29.2

1919
1919
1919

226
143
154

237
113
215

240
95
186

267
100
167

241
81
144

254 |j + 5.7
78 | | - 4.5
107 - 25.9

91,704
103,242
50,429 j 39,481
13G,587
98,272

107,708 I

433,930

474,407 !|+ 9.3

192,546 !

575,732

709,700 j | + 23.3

1919
1919
1919

222
75
188

235
50
262

182
40
212

229
36
201

200
36
186

220 + 12.6
28 - 21.7
133 - 28.1

97,834
50,628
132,830

109,377

440,583 I

533,211 | j + 19.4

587,485

749,346 !i + 27.6

1919
1919
1919

181
107
100

200
82
222

182
48
190

210
49
109

179
40
151

193 + 7.4
38 i - 4 . 4
118 - 21.9

219,235

261,232 ||+ 19.2

1919
1919
1919

174
107
153

178
97
192

158
62
180

199
68
1G1

182
67
148

195 + 7.0
60 - 11.1
144 - 2.4

1921
1921

164
159

358 j 714
338 I 771

732
818

749
851

701 - 6 . 4
825 - 3.1

75
25
85
106
71

I i 114 120 147
j I 49 46 62
I 159 I 148 209
|| 71 j 105 83
i2l
125 ] 153 155

140
72
183
119
146

87
88
85
70

88
90
90
70

11,359
12,954
11,463
1.75

12,910
14,257
10,144
1.75

11,176
12,749
12,893

7,370
4,550

9,431
5,997

number..
number..
number..

83,281
34,308
100,644

88,005
32,771
74,585

number..
number..
number..
number..
number..
number..

105,076
48,378
103,781

1.50 i

!

78,002 j

||

102,747
195,533 I

168
193
90
173

+
-I[_
j|

13.7
10.1
H.8
o.O

i

number..
number..
number..

51,618
53,594
61,827

55,234
47,050
60,354

50,044 I
77,788
80,341

n u m b e r . . 305,731
286,078
number.. 1,100,340 1,006,772

H I D E S A N D LEATHER.
Hides.
Imports:
Total hides and skins
Calf skins
Cattle hides
Goat skins
Sheep skins
Stocks, end of month:
Total hides and skins
Cattle hides
Calf and kip skins
Sheep and lamb skins
Prices:
Green salted, packer's heavy
native steers
Calfskins, country No. 1

thous.
thous.
thous.
thous.
thous.
thous.
thous.
thous.
thous.

of lbs..
of lbs..
of l b s . .
of l b s . .
of l b s . .

63, 200
4,234
40,024
6,839
8,182

of l b s . . 373,023
of lbs., j 300,392
of lbs..! 49,444
of l b s . .
23,187
j
j
dolls, per l b . . !
.188
dolls, per l b . .
. 166

60,151
4,890
35, 150
9,783
7,703

38,118 I 163,420 j
11,582 I
2,624 I
19,907 1 90,383 I
7,228
33,937 i
6,375 j
20,179 1

283,125
20,196
167,196
39,946
39,972

jj+
;;+
;!+
;!+
j:+

73.2
74.4
85.0
17.7
98.1

380; 839 i 339,977
261,935 \
305, 218
52, 637 ; 50,187 \
22, 984 : 27,855

.187 j
.171

.146
.134

Leather.
Production:
Sole leather
thous. of bks., bends, sides. .j6l ,680,810 1,677, 676 ' Bl,357,147 7,422,632 8,160,373
38,706
Skivers
doz.J 12
1238,706
39, 478
Oak and union harness
stuffed sides. J 12 32,801 136, 530
Finished sole and belting
thous. of lbs. J 28,998 ! 29, 772
22,576 !
121,953 j 142,328 + 16.7
Finished upper
thous. of sq. ft..! 80,936
82, 164
67,275
356,344 ! 414,054 + 16.2
Stocks, end of month:
j
Sole and belting
thous. of lbs.. j 164,851 ! 165, 862
196,639 .
Upper
thous. of sq. ft..' 391,665 | 395, 660
452,651 !.

1909-13
1909-13 j
1909-13 I
1909-13
1909-13
1921
1921
1921
1921

80
79
80
90

1913
1913

73

89
39
104
88

79 j
77
86
85

108

1919
1919
1919
1921
1921

72 I 72
107 107
99
95
87
115 116

1921
1921

103
113

!
77 I

105

91

159 ! 181
117 ] 122
99 I 116

135 ! 153

102 I!

85 I

107 I

92 i

102

+
+
-

4.8
15.5
12.2
43.0
5.8

+ 2.1
+ 1.6
+ 6.5
- 0.9

101 - 0.5
90 + 3.0

90

- 0 2
+ 2.0
112 i 115 + 2.8
i
113 ! 116 + 1.7
140 I 142 + 2.5
166 i

169

85
86 + 0.6
93 I 94 + 1.0

« Revised.
11
Eight months" average, May t o December, inclusive.
11
Not exactly compa'able with monthly figures prior to July, 1922. The index numbers have been computed by chain relatives and take account of the percentage variation rather than th.2 absolute variation in figures , and hence show the trend of the movement irrespective of the change in the number of firms reporting.




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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY ( N O .
21).

April,
1923.

May,
1923.

Corresponding
month,
April
or May,
1922.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1922

1923

INDEX NUMBERS.

Percentage
increase,
(+)

or decrease
(-)

cumulative
1923
from
1922.

BASE
YEAR
OR
PERIOD.

1922

Percentage
increase

1923

(+)

or decrease
Apr. May.

Feb.

Mar. Apr. May.

May
from
Apr.

100
100

4-0.8
— 1.4

H I D E S AND LEATHER—Continued.
Leather—Continued.
Stocks, in process of tanning:
Sole and belting
thous. of l b s . .
Upper
thous. of sq. ft..
Exports:
Sole
thous. of l b s . .
Upper
thous. of sq. ft..

111,084
164,116

161,846

1,071
7,341

6,174

111,983

1,710

99,609
164,434

1921
1921

2,450
7,981

6,977
32,635

7,186 + 3.0
32,577 - 0 . 2

1913
1913

373
615

1,364
2,274

1,975 4- 44.8
3,645
60.3

1919
1919

132,100
2,145

159,565 4- 20.8
3,189
48.7

1919
1913

90
104

90
100

100
100

100

101

4- 59.7
- 15.9

Leather Products.
Belting sales:
Quantity
thous. of l b s . .
Amount
thous. of dolls..
Boots and shoes:
Production
thous. of pairs..
Exports
thous. of pairs..
Wholesale p r i c e s Men's black calf,
blucher
dolls, per pair..
Men's dress welt,
tan calf, St. Louis.. .dolls, per pair..
Women's black kid, Goodyear welt, St. Louis...dolls, per pair..

495
923

70

31,868
759

30,816
788

26,227
515

6.50

6.50

6.50

1913

209

4.85

4.85

4.60

1913

4.25

4.25

4.15

110
65

130
73

115
90

3.3
112 94 4 - 3 . 8

209

210

209

209

209

0.0

145

145

153

153

153

153

0.0

1913

140

138

142

142

142

142

0.0

1920
1920
1920
1920

61
65
58
106

128
131
120
91

112
116
109

105

114
122
112
95

1909-13
1909-13

118

60
149

81
200

105
281

119
228

CHEMICALS.
Production:
Acetate of lime
thous. of l b s . .
Methanol
gate..
Consumption, wood, carbonized
cords..
Stocks, wood, at chemical plants
cords..
Imports:
Potash
long tons..
Nitrate of soda
long tons..
Exports:
Sulphuric acid
thous. of lbs..
Dyes and dyestuils
thous. of dolls..
Total fertilizer
long tons..
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 100 l b s . .

13,575
738,059 [
82,869

53,373
1,877,398
200,673
43,775
7,390

416,112

59,582 4- 78.5
3,276,193 4-74.5
363,427 + 81.1

746,626
25,077

10,005

98,577

107,329

369

906

574

579

98,236

104,641

.71

.75

12,585
64,130

97,777
146,103

97,579
522,406

2,148
307
158,149

6,497
2,146
430,693

3,372 - 48.1
2,658 4- 23.9
433,488 4 - 0 . 6

- 0 . 2

4-257.6

1909-13
1909-13
1909-13

47 - 60.
249 4- a9

71
114
324 350
148 4-145.5
60
1,194 1,061 1,784 2,034 1,985 2,000 4 - 0 . 9
70
87
101 4 - 6 . 5
84
153
95

1914
1914

177

177
135

239
125

253
128

253
134

244 - 3 . 6
137 4 - 2 . 2

1914
1914

117
158

116
159

132
176

133
178

132
180

132
180

0.0

1913

84

70

70

71

75

4-5.6

107
49

224

+109.8
+ 19.0

0.0

NAVAL S T O R E S .
Turpentine (3 principal ports):
Net receipts
Stocks
Rosin (3 principal ports):
Net receipts
Stocks

barrels..
barrels..

16,267

34,130

15,312

18,224

barrels..
barrels..

65,058

105,626

202,391

211,063

thous. of l b s . .
thous. of lbs..

5,661

3,144

64,452

thous. of l b s . .
thous. of lbs..

18,033

28,659
4,601

55,393

93,019
251,823

294,845

333,740

4- 13.2

1919
1919

79,698

3,373
65,851

40,556
310,552

29,874 - 26.3
311,140 4- 0.2

18,454

13,930
12,765

60,687
70,796

78,384 4- 29.2
96,564 4- 36.4

72,068 4- 30.1

1919
1919

188
15

94

104
127

166
126

83
141

87
111

116
101

189 + 62.4
105 + 4.3

1913
1913

16
301

12
308

23
256

18
229

19
301

11 - 44.5
373 + 23.7

1913
1913

115
115

115
108

154
166

171
166

154
152

156

F A T S AND OILS.
Total vegetable oils:
Exports
Imports
Oleomargarine:
Production
Consumption




18,606

+

2.3

u
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
>JOTE.—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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.

Mav,
1923.

Arjril,
1923.

21).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Correspond-

ing
•IXlOIllil,
A rvril

April
or May,
1922.

I N D E X NUMBERS.

Percentage
increase

1922

(+)

or decrease
(-)
cumulative

age
inBASE
YEAR
OR
PERIOD.

1922

1923

crease

(+)

1923
from
1922.

1923

Percent-

Feb.

Apr. May.

or decrease
(-)
May
Mar. Apr. May. from
Apr.

FATS AND OILS—Continued.
Cottonseed.
Cottonseed stocks
Cottonseed oil:
Stocks
Production
Price, New York

tons..

64,752

23,098

23,380

thous. of lbs..
thous. of lbs..
dolls, per lb..

37,484

24,196

40,356

20,176

304,342

.117

.117

23,704
12,858
.117

486

398

290

1,251

1,919

55

238

87

434

547

368,397

1919

9

5

59

31

13

5

1919

33

25

87

63

39

25

— 35.4

1919

22

12

91

56

37

18

-50.0

1913

158

162

150

163

162

162

0.0

+ 53.4

1913

27
4

33
7

52

42

1913

21
4

31

_j_ 26.0

5

23

+ 21.0

-

64.3

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

s

— 18.1
!

|

+332. 7

I

62

29

45

465

353

— 24.1

1913

26

163

147

542

634

+ 17.0

1913

9

60

68

1913

9

14

81

1913

8,661

9,845

7,952

34,358

45,041

+ 31.1

1913

15,930

10,011

4,452

48,995

72,091

+ 47.1

1913

14,396

14,267
67,853
29,070
25,474

64,855

60,032

-

1913

86

120

102

1913

173

132

264

+ 13.8
+ 6.7

1919

50

92

69

69

70

1919

54

128

54

68

63

+ 41.2
— 36.0
5 3 : - 23.6
i n + 76.6

+ 14.1
43,230 + 5.9

1914

81

97

109

92

117

1C9
85

103

106

29 i

!

52
4

!

53 2

13

37
3

22
6

29

3

7

3

1

1

40

52

55

53

57

65

+ 13.7

14

15 ;

44

51

53

33

- 37.2

90

86

249

231

121
148

34

40
2
4
V /

19
1 C

1
Oft i
£0 j

+523 1
+566. 7

I I + 55.6

FOODSTUFFS.
Wheat.
Exports, including flour thous. of bushs..
10,195
Visible supply
thous. of bushs . 118,861
Receipts, principal markets... thous. of bushs..
21,901
Shipments, prin. markets
thous. of bushs..
12,567
Wheat flour:
Production
thous. of bbls..
8,969
Consumption
thous. of bbls..
8,427
7,457
Stocks
thous. of bbls..
Prices:
1.253
No. 1, northern, Chicago. .dotts. per bush..
1.320
No. 2, red winter, Chicago.dolls, per bush.. |
Flour, standard patents,
Minneapolis
dolls, per b b l . .
6.956
Flour, winter straights,
Kansas City
dolls, per bbl.
5.744

76,029
16,742
22,191

105,078
73,164

119,622

44,282
46,835

50,516

78,055

7.4

i
11,378
8,641

8,073
7,245
5,700

83 ;
!

1919
1919

85

89

60

58

98
82

+ 26.9
+ 2.5

79

1.446
1.356

1913

152

158

136

133

137

131

1.289

1913

141

138

138

134

134

131

— 4.2
— 2.3

6.720

8.060

1913

178

176

146

145

152

147

— 3.4

5.675

6.675

1913

176

174

145

146

149

148

-

5,632

5,358

446

268

211

184

8,598

11,306
31,170
27,083
23,691
4,705

1913

24,472

1913

470

371

356

372

127
133
291 i io2

181

209

175

268 | 187
112 1 127

182

1.200

1.2

Corn.
Exports, including meal
thous. of bushs..
Visible supply
thous. of bushs
Receipts, principal markets...thous. of bushs..
Shipments, prin. markets
thous. of bushs..
Grindings (starch, glucose).. .thous. of bushs..
Prices, contract grades,
No. 2, Chicago
dolls, per bush..

16,976

10,663

14,274

16,187

5,270

6,084

.793

.809

94,750
183,097
120,836
26, 726

35,036
122, 706

- 33.0
- 29.2
28,x66 ,+ 5.4

1919

97

85,605

1919

136

1913

100

i

1913

.618

8

Index number less than one.




j
16,867

13,454

21,932

13,514

1,175

1,069

19,594
47,950
3,104

78,499 |

i
.466

.451

8,856 i

87,547
*>&l

+ 11.5
- 48.3

.403

94

99 I 1 1 8

45

94

77

1913

321

275

1 "*Q

1913

67

103

32

! io7

122

21

32

28

FiQ !
Dy i

CQ

on

oy

1913

1,806

708

365

2,933 I
1 015

.670

.673

.679

12,728

3 739

14,031 + 10.2
4_
K *>
3 937 ; T^
0,0

118

127

130

+

2.0

i
1913

i
2,500

142

-4.9
— 64.9
113
71 - 37.2
161
183 + 13.4
126 j 145 + 15.4

I
i

j

Other Grains.
Oats:
Receipts, prin. markets... thous. of bushs..
Visible supply
thous. of bushs..
Exports, including meal, .thous. of bushs..
Prices, contract grades,
Chicago
dolls. per bush..
Barley:
Receipts, prin. markets... thous. of bushs..
Exports
thous. of bushs
Price, fair to good, malting,
Chicago
dolls, per bush..

- 63.0

|

1913
iyio

1913

i
I

102

109

107

90 |
138
29 ;

38 i
AQ !
oy |
106

82
126 1
39

- 20.2
— 38.4
9.0
35 -

65
7g

124 i 1 2 0

— 3.2

20

- 27.8
48 4

28
4.a
4o
107

or

108 |+

0.4

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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.

April,
1923.

May,
1923.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Corresponding
month,
April
or May,
1922.

I PerIcentage
(increase
i <+>
! or dei crease

I (-)

j ciixnuI lative
1923
I from
! 1922.

1922

1923

12,091 i
12,753 j

18,335 l|+ 51.6
17,676 || + 38.6

INDEX NUMBERS.
BASE
YEAR
OR
PERIOD.

1922

Percentage
increase

1923

(+)
or decrease
(-)
May
Apr. M a y . i Feb, Mar. Apr. Mav. from
Apr.

FOODSTUFFS—Continued.
Other Grains—Continued.
Rye:
Receipts, prin. markets...thous. ofbushs.J
Exports, including flour, .thous. of bushs.. I
Price, No. 2, Chicago
dolls, per bush..!

I

4,022
2,226
.853

2,388 |
4,639 j
.777 j

4,564
5,491 j
1.056

1913
1913
1913

367
110 353
2,545 3,543 3,854
136
164 166

284 I 289 185 -40.6
892 ! 1,436 2,993 + 108.4
130 ! 134 122 - 8.9

Total Grains.
Total grain exports, incl. flour, thous. of bushs..
Car loadings of grain and grain products, .cars..

19,936
38,259

Other Crops.
Rice:
Receipts at mills
thous. of bbls..
529
Shipments, total from mills..thous. of lbs..
70,774
Shipments, through New
Orleans
thous. of lbs..
31,549
Stocks, end of m o n t h Domestic, at mills and
dealers
thous. of lbs.. 157,505
Imports
thous. of lbs..
7,072
Exports
thous. of lbs.. 33,193
Apples:
Cold-storage holdings.
thous. of bbls..
1,070
Car-lot shipments
carloads..
2,699
Potatoes, car-lot shipments
carloads.. 6 21,728
Onions, car-lot shipments
carloads..
6 1,335
Citrus fruit, car-lot shipments
carloads..
9,962

105
105

96

124 |+ 29.5
- 12.1

65
107

87
116

22 11- 74.1
92 - 20.9

121 81

124

- 35. 7

25,827
33,622

35,183
42,186

184,953 !

121,262 - 34.4

1913
1919

137
56,004

91
48,181

3,662 ;
406,235 |

2,406 - 34.3
349,955 j - 13.9

1919
1919

20,272

20,020

130,415 i

138,013 + 5.8

1919

63

116,979
2,453
35,140

97,242
8,610
31,284

31,769
204,235

28,445 - 10.5
183,914

1919
1919
1919

165
36
135

120 i; 251 215
22
63 j| 29
100 I 106 111

277
1,529
15,124
2,514
9,731

314
1,140
6 20,275
«2,2S6
6,205

14,733 j
92,474 ;
8,915 |
38,393|

+ C3.0
-3.4
- 3 . 9
+ 33.1

1919
1919
1919
1919
1919

54
26
134
178
137

18
17
135
131
115

1,900
716
300
1,173

1,878
780
359
1,086

8,014 |
3,233 ;
1,352 |
4,727 j

8,374
4.5
3,15S
2.3
1,222 - 9.6
5,16(3 -I- 9.3

1919
1919
1919
1919

72
63
53
79

91
87 I 63
82 |j 4 8
95 |j 76

1913
1919
1913

106
80
101

li
124 !| 107
94 I 83
141 j; 84

1919

27

24,018
89,299
8,509
51,103

174
84

170
141
108 ! 106

79 !

;
|!
!i
|!
!;

223
92
90
80
179

194 j 144 |j- 25.7
52 | 18 j|- 65.3106
112 |+. 5.9

133
79
153
81
205

62
40
145
77
185

73
62

81

45

53

84

95

16 I - 74.1
22 |_ 43.3
101 - 30.4
f S8.3
180 - 2,3

Cattle a n d Beef.
Cattle movement, primary markets:
Receipts
thousands..
Shipments, total
thousands..
Shipments, stocker and feeder.thousands..
Slaughter
thousands..
Beef products:
Inspected slaughter product, thous. of lbs..
Apparent consumption
thous. of lbs..
Exports
thous. of lbs..
Cold- storage holdings
(1st of following month).. .thous. of lbs..
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 lbs..
Beef, fresh native steers.dolls, per 100lbs..
Beef, steer rounds, No. 2.dolls, per 100 lbs.

1,670
573
233
1,080
408,228
408,046
12,149

442,368
442,334
13,647

427,393
418,682
19,145

78,535

64,922

50,852

1,916,823 2,047,596 ! + 6.8
1,880,247 i 2,034,037 |j+ 8.2
72,201 j 04,892 | - 10.1

j!

42

64

1913
1913
1913

9.538
14.50
14.60

8.615
14.50
15.10

4,524
1,443
67
3,072

3,737
1,149
70
« 2,572

18,106
6,511
289
11,588

739,251
608,134
165,272

644,495
475,985
99,440

3,010,352
2,134,309
579,661

991,167
7.450

101 |;

112
110

+
+
+
+

13.8
25.0
28.8
8.6

117
119 129 i+ 8.4
89 ! 91 I 99 |+ 8.4
111 ! 89 I 100 !|+ 12.3
38

33

27 | - 17.3

110 109

112
111

106
112
111

|!
112 j+ 5.8
112 j! 0.0
112 + 0.7

132
143
92
128

116
117
101
115

121
121
89
121

153 I 153!+ 0.2
171 I 217+ 26.9
200 201 + 0.0
112

24 1:
9.015
14.50
14.50

93
80
68
103

112 |i 114
110 I1 105

Hogs a n d P o r k .
Hog movement, primary markets:
Receipts, primary markets
thousands.,
4,318
Shipments, primary markets. .thousands..
1,393
Shipments, stocker and feeder.thousands..
76
Slaughter
thousands..
2,924
Pork products:
Inspected slaughter p r o d u c . thous. of lbs.. 737,545
Apparent consumption
thous. of lbs.. 479,352
Exports
thous. of lbs.. 164,288
Cold-storage holdings (1st of
following month)
thous. of lbs.. 1,025,322
Prices:
Hogs, heavy, Cliicago.. .dolls, per 100 lbs..
7.965
Pork, loins, fresh,
Chicago
dolls, per 100lbs..
15.30
• Revised.




19,30

23,504
8,095
342
15,444

30.1
24.3
18.3
33.3

1919
1919
1919
1919

75
79

3,993,319 j + 32.7
2,746,828 + 28.7
874,641 + 50.9

1913
1919
1913

759,454

+
+
+
+

100

120

96

140

93

85

101

111

105
145
110

133

156

170

175

121

200

177
208
226

1919

76

83

92

102

10.425

1913

122

125 i 9 4

23.80

1913

159

160

105

95
100

103

+ 4.8
+ 3.6
- 11.8
+ 5.1

109 I- 3.3
S9 -

0.5

130 + 20.1

36
TREND OF BUSINESS MOVEMENTS—Continued.
N U M E R I C A L ]XVTA.

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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.

A r»ril
April,
1923.

VfoTT

jvia\»

1923.

21).

Corresponding
:
month
April :
or Mav,
1922.'

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

(+ ) !

or decrease

(-)

1922

1923

:

Percent-

j

age
in-

BASE
YEAR

1922

!

1923

OR

PERIOD.
cumulative
1923 ;
from I

Apr.

May.

Feb.

1922. ;

crease
(+)
or decrease
(-)
Mav
Mar. ! Apr. May.! from
Apr.

FOODSTUFFS—Continued.
Sheep and Mutton.
Sheep movement, primary markets:
Receipts, primary markets
thousands..
Shipments, primary markets..thousands..
Shipments, stocker and feeder, .thousands..
Slaughter
thousands .!
Lamb and mutton:
Inspected slaughter produc. .thous. of lbs..
Cold-storage holdings
(1st of following month)... thous. of lbs..
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs..
Sheep, lambs, Chicago...dolls, per 100lbs..

1,447 j

584
82 j

1,794

1,692

909

832

7,673 +
3,514 - 2
752 +
4 I.^s -f-

7,019
3,G17

216

145

737

855

888

852

3,9%

37,726

37,482

33,226

104,450 '

o.7;

1919

54

.8
2.0
3.9

1919

47

192,023 + 16.8 !

1919

17

75 ;
69 |
25 j

1919

64

81

67

63
53
20
76

1913

56

63

66

75

60
53
29

81

+ 24.0
+ 55. 7
37 + 103. 4
84 + 3.9

72

72 ' -

69

54

- 20.6
— 18.5
+ 0.7

64
48
14

79

75

0.6

1
6 5,774 :

4,582

2,310

1919

7,5C5

6.1G9 :
13.144

5.900
12. 475

1913

13.055

25

27

68

79

149

126

143

153

161

132

170

160

188

183

168

169

76
28

87

67

89

87

89

1919

28

44

27

17

20

+ 1.8
+ 14. 4

1919

57

73

119

S7

63

68

+

1919

76

58

171

143

112

86

23

J

1913
!

Fish.

j

6 10,590

15,392
6 12,117

thous. of lbs..

12,446

thous. of lbs..

« 74,562

Total catch, prin. fishing ports...thous. of lbs..
Cold-storage holdings, 15th of mo.thous. of lbs..

15,120

15,168
17,076

81,902 ;

13,392

14,552

76,812

57,240

38,602

6

05,502 - 20.0 '

1919

Poultry.
Receipts at 5 markets
Cold-storage holdings
(1st of following month)

110,346 '+ 43.7

7.6

• 23 2

Dairy Products.
Condensed and evaporated milk:
Exports
thous. of lbs..
18,176
Receipts at 5 markets:
Butter
thous. of lbs..
48,699
16,410
Cheese
thous. of lbs..
2,237
Eggs
thous. of cases..
Cold-storage holdings (1st of following mo.):
Creamery butter
thous. of lbs..
3,248
American cheese
thous. of lbs.. 814,065
6
Case eggs
thous. of cases..
3,737
Wholesale prices at 5 markets:
.445
Butter
dolls, per l b . .
Cheese
dolls, per l b . .
.216
Fluid milk:
Receipts14,714
Boston (including cream).thous. of qts..
Greater New York
thous. of cans..
2,297
Production—Minneapolis
thous. of qts..
18,154

16,143 '• 15,711

103,254

77,311 - 25.1

1919

34

22

18

2S

26

65,330
18,982 1
2,884 ;

237,097
71,155
9,276

253,223 4- 6.8
76,427 + 7.4
9,123 — 1.6

1919

93
97
245

150

89

110

106

116

77

96

101

218

86

179

188

9,907
17,490
7,884

68,893
18,809
2,587

1919

1

+ 34. 2
+ 15. 7
243 : -f. 28. 9
142

1916-20

7

23

16

9

6

1916-20

29

42

56

39

38

8,OoO

1916-20

126

218

12

101

.360

1919

61

61

75

1919

59

56

83
SO

82

.175

78

70

1919

110

125

100

115

113

131

1913

144

166

134

153

154

170

192

226

216

254

254

16,287
2,479
16,114

72,419
10,802
71,342

74,283 + 2.6
11,314 + 4.7
88,296 + 23.8

1919

:

(3)

+ 205.0
+ 24.4
214 + 111.0
18

47

70 '• — 6 . 3
72 i+ 3.2

+ 15.9
+ 11.0
2S7 + 13.1

Sugar.

I

Raw:
Imports
long tons .
Meltings, 7 ports
long tons..
Stocks at refineries, end of
month
long tons..
Refined:
Exports
long tons..
Cane, domestic:
Receipts at New Orleans
long tons..
Prices:
Wholesale, 96° centrifugal,
N. Y
dolls, p e r l b . .
Wholesale, refined, N. Y
dolls, p e r l b . .
Retail, average 51 cities
index number
Cuban movement:
Receipts at Cuban ports
long tons..
Exports....
long tons
Stocks
long tons..




11.2

117

13,202
15,481

.417 i
.223

17,051
2,550 i
20,526

1919

-

486,421

367,891
446,678
474,169 ' 577,330

327,081

315,680

391,741

39,324

2,254,911
2,351,973

1,823,674 — 19.1
2,065,098 — 12.2

271,890

43,679 j 146,454

1913

269

254

140

329

223

209

—

6.1

1919

164

178 i 105

157

150

146

—

2.5

1919

332

285

130

298

343

331

—

3.5

501,594

148,791 — 70.3

1909-13

14,236

37,692 + 164.8

1913

7

7

114
122
122

116

218
158
155

168

896

663

1,187

.078

.079
.094

.041

1913

.053

1913

.092

1913
563,325
461,321
756,155

325,987 1 555,852 2,843,998
399,020
565,350 1,910,027
669,543 1,043,420

• Index number less than one.

2,934,258 + 3.2
2 291 944 + 20.0

1919
1919
1919

997 1,071 1,332 1,479 '!+ n. I

4,149 4,959

«Revised.

123
120

174
162

I

26.0

9

4

6

4

176
171
158

208

223

227

201

215

220

185

193

+
+
204 +

207
146
71

261

171

99 j -

199

142

123 • j — 1 3 . 5

101

117

104 1 - 1 1 . 5

1.3
2.2
5.7

j!
42.1

37
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 taApril.
bles were given in the June number (No. 22).
1923.
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
'-'I).
"
:

Corresponding
month,
April
or May,
1922.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

INDEX NUMBERS.

Percentage
ncrease
(+)
or decrease
(-)

1922

cumulative
1923
from
1922.

Percrnlage
increase
(4-)
or dc1
crease

1923

Apr. May. 1 Feb. Mar. Apr. May.

May
from
Apr.

1922

1923

544, 880

627, 948 + 15.2

1909-13

133

161

174

232

151

4,572|
j

3,187 - 3 0 . 3

1913
1913
1913

76
55
86

75
61
80

63
58
93

59
64
77

52
55
27

46 - 10.7
44 - 2 0 . 0
31 ;+ 16.0

1913

108
170

71
86

120
211

117
153

69
54

69
91 -

1909-13

68

68

65

51

52

66 j + 25. 5

1913
1913

79
266

90
355

80
357

91
389

84
363

1913

85

97

88

99

92

1909-13
1913
1919

130
481
6

127
567
2

85
394
43

101
485
28

129
550
5

92 - 28.7
582 ;+ 5.8
1 - 81.0

1913

208

208

208

208

208

208 ;

274
162
257

334
174
284
33
42

526
205
384

641
212
476

753
278
537

+ 47.1

1015
1915
1915
1013
1913

824 + 9.4
249 - 10.6
555 4- 3.4
107
62

-

10.8

1919

651

790

60S

682

690

24,109 + 5.4
9,909 - 9 . 6
14,201 + 19.2

1913
1913
1913

184
184
75

123
244
SO

87
130
72

107
160
88

105
165
84

134 + 27.7
217 + 31.4
105 ' + 25. 1

24,125 + 5.2
9,866 - 11.1
14,257 + 20.4

1913
1913
1913

109
191
77

92
115
210 I 127
78
70

104
145
88

109
163
88

132 + 21. 1
204 :+ 24.7
104 + 18.4

1920
1920

27.3
25.4

27.9
25.7

21.8 23.1
21. 1 21.9

22.6
22.6

22.3 - 1.3
22.1 - 2 . 2

1919

115
311
196

85
259
161

3
6
8

4
5

7

6
4
7

19 + 230.7
5 + 38.8
17 + 139.3

2
9
3

6
10
7

178
923
334

162
697
285

73
420
146

16 :- 78.7
271 - 35.4
67 - 53.9

FOODSTUFFS—Continued.
Coffee.
Imports
thous. of l b s . .
Visible supply (1st of following mo.):
.. .thous. of bags..
World
...thous. of bags..
United States
...thous. of bags..
Receipts, total, Brazil
Clearances:
Total, Brazil, for world .. .thous. of bags..
Total, Brazil, for U. S. .. .thous. of bags..

114,073

90,416

122 093

6,104

5,451

8 872
146
765

1,033 |

826

257 !

298

679 [

679

703 i

5,161

4,926

212 |

356

337 i

2,294 I

2,690 !'+ 17.3

4,309 |

5,406

-

4.6

120 - 20.7

0. 0
4.6

Tea.
Imports

thous. of lbs..

5,634

29,840

28,050 : | -

6.0

TOBACCO.
Consumption (tax-paid withdrawals):
533
576
569
2,490
2,749 + 10.4
Large cigars
millions..
4,601
18,522
25,282 + 36.5
4,711 ; 5,555
Small cigarettes
millions..
Manufactured tobacco
34,055
36,361
35,846
172,013
176,568 + 2.6
and snuff
thous. of lbs..
Exports:
40,590
28,946
39,844
171,415
169,569 1.1
Unmanufactured leaf.
thous. of lbs..
Cigarettes
thousands.. 1,063,237 1,124,735 1,094,728 4,605,242 4,794,894 + 4.1
4,309
819
1,338 180,413
120,215-33.4
Sales at loose-leaf warehouses
thous. of lbs..
Price, wholesale, Burley good leaf,
dark red, Louisville
...dolls, per 100lbs..
-7.50
27.50
27.50

91 + 8.1
429 + 17.9
98

+6 8

0.0

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:
Government barge line

tons..
tons..
tons..
tons..
tons..

1,373
510
2,187

tons..

60,202

1,502
456
2,262
10,645
231

609
319
1,159
3,317
157

2,307
1,457
4,810
3,956
157

5,777
2,138
9,545
10,645
231

56,871

235,471

210,155

-4-150.4
4- 46.7
+ 98.4
4-169.1

Vessels in Foreign Trade.
Entered in United States ports:
Total
thous.
American
thous.
Foreign
thous.
Cleared from United States ports:
Total
thous.
American
thous.
Foreign
thous.

of net tons..
of net tons..
of net tons..

4,676
1,936
2,740 |

5,969
2,543
3,427

2,601 |

22,872
10,960
11,912 !

of net tons..
of net tons..
of net tons..

4,890
2,042 !
2,848 j

5,920
2,547
3,372

5,175 I
2,621 !
2,554

22,934 ,
11,098
11,837

5,471
2,870

Index of Ocean Freight Rates.
United States Atlantic t o United Kingdom, weighted index number..
All Europe
weighted index number..
TRANSPORTATION—RAIL.
Freight Cars.
Surplus (daily av. last week of month):
Box
number..
Coal
number..
Total
number..
Shortage (daily av. last week of month):
Box
number..
Coal
number..
Total
number..




4,654 : 15,670
3,953
2,849
13,556 ; 32,443
13,940
17,634

2,974
11,392 j

35,282 j 16,277 j

69,714
195,439
305,198
1,094
423
1,714

1919
1919
1919
1919
1919

38
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have I
not been published previously in the SURVEY
or are repeated for special reasons; detailed I
tables covering back figures for these items I
will be four.dat the end of this bulletin. For I
items marked with a dagger (t) detailed ta- j
bles were given in the June number (No. 22). ; Aprils
1923.
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
•21).

ii

ii Per! centapei
1
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

\\ (+)

; or de; crease
1

(-)

cumulative
1923
! from
1922.

BASE
YEAR
OR

I N D E X NUMBERS.

1922

:
,

;
PERIOD. I

1

1922

Apr.

May.

Percentago
increase
1923
(+)
, or decrease
(->
May
Fob. Mar. | Apr. MHV. frcrh
Apr.

TRANSPORTATION-RAIL-Conttnued. |
Freight Cars—Continued.
!
Locomotives in bad order:
i
Freight
perct. to number in use..
23.7
Passenger
per ct. to number in use. J
23. 2
Bad order cars, total (1st of following
:
month)
:
number..; 210,505
Car loadings (weekly average):
j
Total
cars.. ! «941,792
Grain and grain products
cars.. | e 38,259
Live stock
cars.. 631,634
C oal
cars.. j 6176,555
Forest products
cars.. j «76,966
Ore
cars.. j e20,169
Merchandise and miscellaneous
cars.. j 6 82,287
Freight carried
mills, of ton-miles.
38,298

23.1

25.8
26.1

1919
1919

94
101

95

23.2
211,766

340,822

1913

212

217

139

978,341
33,622
31,169
179,904
75,697
61,631

782,670

1919
1919

29,550

1919

579,004

540,546

39,598

27,855

141,133

91
84
82
: 41
99
j
26
!
110
90

98
108
90
47
107
49
114
102

106

42,186

404,965

319,615
85,531

1,534,563

547,282

449,443

2,139,184

354,509
62,147
4.45

1,714,301

181
149
176
196
103

185
138

420,656

225
153
175: 210
207 ' 230
65 140
86 , 72
113
177
154 157
124
112 127

218
153
205
222
139
126 1
154
129

229 +
156 ;+
215; +
231 j +
150 +
123 -

11,936

163
145
163
185
83
78
180
119

107
101
105
96

128
116
125
120

131
119
126
125

131
118
127
128

131 + 0.4
117 — 1. 1
124 J - 2 . 4
130 i + 1.2

257
270

261 i +

82,794

1919

60,714

1919

18,384

1919
1919

187,399

+32.8

1913

1,883,057 + 22.7
436,294 + 7.2
2,554,789 ;+ 19.4

1913

2,027,267 + 18.3
356,501 + 30.6

1913

;

j

94
92

87

93 I
94 !

137

143

85

-

2. r»

88 I

0. 0

139 j+
jj

0.6

122 + no
86 - 12.1
96 : 9 5 i - 1.5
100 ; 102 : + 1.9
135 133 j - 1 . 6
54 165 '+205.6
123 123 |- TT. 6
140 145 i + 3.4

114
105
97 ! 95 i
105 | 105
117 132
36
28
105 118
119 143

117

106,

98 j

Railroad Operations.
Revenue:
Freight
thous. of dolls.
Passengers
thous. of dolls.
Total, operating
thous. of dolls.
Operating expense
thous. of dolls.
Net operating income
thous. of dolls.
Per cent on valuation
per cent.
Receipts per ton-mile
index number.
Pullman passengers carried
thousands.
LABOR.
Number employed:
United States (1,428 firms) thousands.
New York State
thousands.
Wisconsin
index number.
Detroit
thousands..
Total pay roll:
i
New York State
thous. of dolls.. j
Wisconsin
index number.. ]
Av. weekly earnings:
j
Wisconsin
index number.
New York Statef
dollars..|
Unemployment, Pennsylvania (1st of
following month)
number..
Employment agency operations:
Workers registered
number..
Jobs registered
number..
Workers placed
number..
Average applicants per job
number..
Immigration
number..
E migration

number.. j

386,136
87,872
523,167
404,058
83,201
6.50

89,938

89,999
6.33

406,938

272,938

1913
1913
1913
1913
1913

2,682

2,670 !

2,562

2,040

2,048 i

1,669

1921

566

560 i

482

1914

227

230 I

170

1920

104
100
102
85

11,857

1914

194

200

241

257

1915

193

206

262

264

1915

210
207

210
216

12,991

+

8.8

1913

1915

15,276

15,484 ii

4.9
2.4
4.6
4.1
8.2
2.4

129 j - 0 . 4

280 ! +

1.4
3.7

+
221 +

7.1
2.3

27.63

24. 59

1914

190
194

197 j,

27.00
11,605

9,465

167,405 ;

1921

82

63;

7

6

4

178,158
200,692
143,582
0.89
65,135

219,682

is 1921

0.92

1.21

66,854

36,880

130,861

16,334

23,147

93,813

130
186
177
70
31
45

87
144
135
61
33

13,763

105
138
128
76
25
49

84
153
143
55
45
21

172
152
51
55
27

203
179
53
56
32

115
115

118

130

134
106

139
107

140 +
105 -

0.7

1913

129
137

132
138

1913

171

1913

194

1913

113
156
124
1 175

237,722
169,314

262,025 ! 1,086,416 , 946,792
217,382 I 726,967 ' 943,666
702,S64
166,757 j 585,184

- 12.9
+ 29.8
+ 20.1

is 1921
13 1921
is 1921

262,332 +100.5
61,073 - 34.9

1013
1913

197

17

212 , 227

216

4 - 18.4

88 ! 109 + 23.3

+ 18.5
+ 17.0
+

3.4

+

2.6

+ 18.7

PRICE INDEX NUMBERS.
Farm prices:
Crops (15th of month)
index
Live stock (15th of month), index
Wholesale prices:
Department of Labor—
Farm products
index
Food, etc
index
Cloths and clothing... .index
Fuel and lighting
index
Metals and metal
products
index
Building material
index
Chemicals and drugs...index
House-furnish, goods. .index




1913

number
number

1913

i
j
number.. i
number. J
number.
number..;
j
number.
number.
number.
number.
• Revised.

118 ; 107

1.9

1
1913

1913
1913
1913

13 July to December,

142 ;
141
175 ' 199
216 i 212

143

141

143
201
206

144
205
200

139 144
201 190 -

1.4
0.0
2.0
5.0

119

149

154
204
136
187

152 202 134 !187

1.3
1.0
1.5

139

160 , 192 I 198

132 . 135
122
176 | 184 1 185

0.0

39
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 given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

Corresponding
month,
April
or May.
1922.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.
cumulative
1923
from
1922.

PRICE INDEX NUMBERS—Continued.
Wholesale prices—Continued.
Department of Labor—Continued.
Miscellaneous
.index number
All commodities
index number.
Fed. Reserve Bd. (Dept. Labor prices)—
Total raw products
index number
Agricultural prod..index number
Animal products. .index number..
Forest products.. .index number.
Mineral products..index number
Producer's goods
index number
Consumer's goods
index number
All commodities
index number
Federal Reserve Board I n d e x Goods imported
index number
Goods exported
index number.
All commodities
index number
Dun's
(1st of following month) .index number,
Bradstreet's
(1st of following month) .index number
Retail prices, food
index number
Cost of living:
National Industrial Conference B o a r d Food
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 KingdomBritish Board Trade., .index number
London Economist
index number
U. S. Fed. Res. Bd....index number
FranceGen. Stat. Bureau
index number
U. S. Fed. Res. Bd
index number.
Italy (Bachi)
index number
Sweden
index number
Switzerland
index number
CanadaCanadian Dept. Labor.index number
U. S. Fed. Res. Bd
index number
Australia.
index number
India (Calcutta)
index number..!
JapanBank of Japan
index number
U. S. Fed. Res. Bd....index number.. I

317
302
524
164
161

|

Sj
!
ij
!j
I

422 I 424
355 i 373
582 ! 586
158 I 162.
181 186

166 ( 167
154 J| 152 | 155
155 | 161 : 163
187 ! 180 j 181

j

DISTRIBUTION MOVEMENT.
Mail-order houses, total sales.. thous. of dolls
thous. of dolls
Sears, Roebuck & Co
Montgomery Ward & Co...thous. of dolls
thous. of dolls
Chain stores, total sales 14
thous. of dolls
F. W. Wool worth Co
.thous. of dolls
S. S. Kresge Co
thous. of dolls
McCrory Stores Corp
S. H. Kress & Co
. .thous. of dolls
thous. of dolls
J. C. Penney Co
«Revised




223

296

1,849 :1,283 1,994
" Includes F . W. Woolworth, S. S. Kresge, McCrory Stores Corp., and S. H. Kress Co., only.

196 j

199

+

1.5

185

187

+

1.1

40
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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

April,
1928.

May,
1923.

(+)

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Corresponding
month,
April
or May,
1922.

INDEX NUMBERS.

Percentage
ncrease

1922

1923

27,943
4,097

29,056
4,371

or decrease
(-)
cumulative

BASE
YEAR
OR
PERIOD.

1923
from
1922.

1922

; PerI crentI age
| in|crease

1923

or deI crease
Apr. May.

Feb. Mar.

Apr. May.

May
from
I Apr.

DISTRIBUTION MOVEMENT—Con.
Chain stores—Continued.
United Cigar Stores Co
thous. of dolls..
Owl Drug Co
thous. of dolls..
Music (4 chains)
index number..
Grocery (21 chains)
index number..
Drug (8 chains)
index number..
Cigar (3 chains)
index number..
Shoe (5 chains)
index number..
Total department-store sales
(306 stores)
weighted index number..
Total department-store stocks
(265 stores)
weighted index number..
American Wholesale Corporation,
total sales
thous. of dolls..
Wholesale trade:
Hardware
weighted index number..
Shoes
weighted index number..
Dry goods
weighted index number..
Groceries
weighted index number..
Drugs
weighted index number..
Meat packing
weighted index number..
Total
weighted index number..
Candy sales by manufacturers, .thous. of dolls..
Magazine advertising
(for following month)
thous. of lines..
Newspaper advertising
thous. of lines..
Postal receipts
thous. of dolls..
Internal-revenue taxes collected on
theater admissions
thous. of dolls..

5,775 i
849 |

6,402
908

6,226
848

1913

244

253

209

1913

254

261

253

1919

79

81

88

1919

139

138

159

1919

121

123

125

1919

125

129

110

1919

156

127 j.

1919

113

115

1919

117.6

71

14.1 | 114.9

255
288
96
188
145
135
146

234 | 260 + 10.9
261
279 i[+ 6.9

122

99

105 j| +

6. 1

164

177 ||+ 7.9

135

141 i|+

125

137 ' +

122

140

+ 14.8

117

126

7.7

125.0 128.5 125.3

4.4
9.6

-

2.5

-

7.3

I

1,836

1,702

1,750

11,022

12,636 + 14.6

1913

154

174

128

181

134

125

i

31,080
2,270

2,108

108,836

109,559

24,374

24,902

6,051

24,783

161,848

1,644 |
97,090
6
22,375

^9,201
449,999
110,165

5,818

29,862

31,073

6,582 ':

6

1919

84.6

1919

65.1

1919

74.6

92.7 ! 82.0 108.8 111.3 117.0
60.5 ; 56.3 81.6 62.3 67.8
79.0 ! 100.8 113.0 87.6 86.6

1919

66.2

74.1 | 74.9

1919

93.6

96.6 ! 106.3

1919

48.3

58.2

56.8

1919

65.8

72.6

76.1

2.9

1920

58

62

81

15 11,807 + 28.3
497,336 + 10.5
125,163 + 13.6

1913

150

134

164

1919

117

116

100

1919

121

122

126

+ 7.1

1920

166,516 +

31,976

5.1
8.8
1.1

80.7 79.9 81.0
120.1 105.6 107.1
63.3 60.3 73.3
86.0 79.0 82.8
78
82
78

1.0
1.0
21.6
4.8
0.0

188
125
152

185

172

130
133

131 |+
135 +

7.1
0.7
2.2

92

83

!+

8.8

89

88

SS '•- 0.6

202

197 |i~ 2.5

-

PUBLIC FINANCE.
I1. S. interest-bearing debt
mills,
Liberty and Victory Loans and
War Saving securities
mills,
Customs receipts
thous.
Ordinary receipts
thous.
Ordinary expenditures
thous.
Money held outside U . S . Treasury
and Federal Reserve System
Total
mills,
Per capita

of dolls..

22,327

22,185 j

of
of
of
of

16,084
53,736

52,417 |

dolls..
dolls..
dolls..
dolls..

of dolls..
dollars..

23,130

15,289

1919

;
3,5,578 |

170,573

241,830

211,118

206,376 | 1,321,706

301,848

286,966 !

237,961 - 1,219,930

262,982 + 54.2
1,505,105 + 13.9
1,388,993 + 13.5

4,668

4,706

4,418

42.04

42.34

40.36

20,478

20,704

21,654

98,376

104,829

18,732

20,367 !

17,148

82,368

95,237

1919
1913
1913
1913

91

92

89

78

89

89

127

134

328

342

327

401

350 j|- 12.7

426

418

429

531

504 ij- 4.9

71

-

4.9

1919
1919

89

+ 6.6
+ 15.6

1919
1919

102

106

93

111

101

102

1.1

94

98

96

112

107

116

8.7

+ 4.7
+ 24.6

1913
1913

238 ! 244

213

251

228

244

213 | 228

230

271

261

271 '+ 3.8

1919
1919
1919
1919
1919
1919

26 I 24

31

36

33

110 | 122

96

85 j

79

96 :;+ o.8
92 !+ 0.7

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..
Total investments
mills, of dolls..
Notes in circulation
mills, of dolls..
Total reserves
mills, of dolls..
Total deposits
mills, of dolls. -I
Reserve ratio
per cent.
Federal Reserve member banks:
Total loans and discounts, .mills, of dolls.
Total investments
mills, of dolls.
Net demand deposits
mills, n* dolls.




«Revised.

18,010

19,212

19,215 i

89,330

93,552

15,005

15,581

13,131 |

61,013

76,012

637
468

731
447

+

6.7

|
471
722

2,223

2,250

2,141 i

3,179

3,195

3,130

1,909

1,952 I

1,870

77.0

76.1

78.0

11,839

11,840

10,906

4,634

4,465

4,122

11,156

11,172 i

11,049 j

-Ji.

1921
1921
1919

85 ' 85

82

86

143

146

145

95 J 97

101

102

99

156 I 155

152

150

153

82 j
143

145

91

91

99

99

115

123

139

140

138

101

104

109

105

105

Cumulative (or six-months period, January to June, inclusive.

38

+ 11.8
4.5
1.2
146 1+ 0.5
101 1+ 2.3
152 0.7
76 ; 86 |+

99
0.0
139 + 0.7
106 , + 0.1

41
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. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

CorrespondApril,
1923.

May,
1923.

ing

month,
April
or Mav,

1922

1922.

INDEX NUMBERS.

Percentage
increase
(+)

or decrease
(-)
cumulative

BASE
YEAR
OR
PERIOD.

1923
from
1922.

1923

1922

Apr.

Percentage
increase
(+)
or decrease

1923

May.

Apr.

(-)
May
from
Apr.

May

Feb.

Mar.

150
80

164
87

155 I

151

89 I

89

108
105
111
109
109
119
109
102
109
109
117
114
111
352

118
112
118
115
120
127
120
112
120
124
130
127
130
332

118
112
119
115
120
128
122
111
121
123
125
129
132
333

119

120

113

114

119 I

119

228
164

215

282

251 i 264

176

250 I 210

BANKING AND FINANCE—Continued.
Banking—Continued.
Interest rates:
New York call loans
percent..
4.94
4.80
3.97
Commercial paper, 60-90 days
per cent..
5.13
4.25
5.13
Saving deposits (bal. to credit of depositors):
Total, 11 Fed. Res.dists. ".thous. of dolls.. 6,314,793 6,365,941 5,747,535
Boston dist
thous. of dolls.. 1,173,515 1,178,188 1,091,620
New York dist
...thous. of dolls.. 1,820,182 1,825,584 1, 701,562
Philadelphia dist.. ...thous. of dolls.. 453,217
423,582
455,808
...thous. of dolls.. 418,287
Cleveland dist
421,667
377,299
...thous. of dolls.. 290,706
Richmond dist
268, 659
293, 716
thous. of dolls.. 183,251
Atlanta dist
160,156
184,937
...thous. of dolls.. 838, 895
Chicago dist
849,428
758,091
thous. of dolls.. 126,920
St. Louis dist
124,273
114,341
Minneapolis dist
thous. of dolls..
87,989
78,241
88,246
Kansas City dist
thous. of dolls..
90,046
100,026
99,078
Dallas dist
thous. of dolls..
59, 594
50,983
58, 495
San Francisco dist
thous. of dolls.. 890,921
909,004
747,296
U. S. Postal Savings
thous. of dolls.. 132, 255
139,959
131,685
Life I n s u r a n c e .
Policies, new:
Ordinary
thous. of policies..
Industrial
thous. of policies..
Group
number of policies..
Total insurance
thous. of policies..
Amount of new insurance:
Ordinary
thous. of dolls..
Industrial
thous. of dolls..
Group
thous. of dolls..
Total insurance
thous. of dolls..

1913
1913

108

+ 17.5
+ 17.6
+ 83.5

1913
1913

218

4,416 '•>+ 1 7 . 7

1913

161

186

195

169

767

901

797

624

2,987

3,514

88

99

61

231

991

793

3,753

485,874

511,963

429,236

1,924,535

208,105

162,326

125,084

595,804

33,199

30,086

9,962

70,263

727,179

704,376

564, 282

2,590,603

79 I

1920
1920
1920
1920
1920
1920
1920
1920
1921
1920
1920
1920
1920
1913

950
1,137

137

424

+
+
106,767 +
3,194,870 +

105
111
110
109
117
108
102
107
110
116
113
110
358

151

116 I

117

121

122

129 I

130

125 j

126

112 I
121 I
123 I
129 I
131 j

-

0.8
0.4
0.3
0.6
0.8
1.0
0.9
1.3
2.1
0.3
1.0
1.9
2.0
0.4

113
119
123
130
133

132 I

135

333 !

331

2.8
0.0

+ 4.8
- 16.1
+ 12.5
250 I 218 - 12.8

22.2
23.5
52.0
23.3

1913
1913
1913

- 28.2
- 31.2

1913
1913

162
322

147
195

113
179

126

114 |

+

0.7

213

227 !

-

20.3

+

7.7

1913

164

194

191

252 I 171

+
+
15 146,530 +
is 39,695 +

2.9
3.3
1.4
3.6

1913
1913
1913
1913

73
67
83
94

112
120
117
65

126 !

94
83
44

148
93

2,352,381

735, 720

1913

j 310
326
jj 237 241
111,687 689
|j 300 305

315 411
369
388
401
221 266
313
687 1,374 2,298 |2,082
393 I 380
291 377

+ 5.4
- 22.0
- 9.4
- 3.1

Business Finances.
Business failures:
Firms
number..
Liabilities
thous. of dolls.
Total dividend and interest payments
(for following month)
thous. of dolls.
Dividend payments (for following mo.):
Total
thous. of dolls..
Indust. and misc.corp
thous. of dolls..
Steam railroads
thous. of dolls..
Street railways
thous. of dolls..
New capital issues:
Corporations
thous. of dolls..
Corporate issues:
Stocks
thous. of dolls..
Bonds and notes
thous. of dolls..
Total corporate securities—
New capital
thous. of doll«k.
Refunding
thous. of dolls..
New corporate bond issues: f
Railroads—
New capital
thous. of dolls..
Refunding
thous. of dolls..
Public utilities—
New capital
thous. of dolls..
Refunding
thous. of dolls..
i

Revised.




1,520

1,530

1,960

11,644

8,366

51,492

41,022

44,403

335,474

230,745

253,425

292,400

6 287,100

5

l,705,136 iH,836,525

52,923

60,300

6 58,900

i 5 483,277

i 5 497,075

26,950

36,900

« 36,100

15 257,725

15 266,250

20,975

21,100

e 20,650

15144,576

5,000

2,300

274,425

348, 220

117,802
168,817

30,582

98,532

171,126

245,862
40,757

166,583

6

197

+ 15.4

76 !

86

70 I

96

85 1
102 i

85

+ 13.9
+ 36.9
+ 0.6

47

- 54.0

254

+ 26.9
- 74.0
+ 1.4

2,150

15 38,327

400,700

1, 542,031

1,806,966

+ 17.2

1913

325

292

173

229 I 200

+• 2.9

110
167

90
113

34

1,237,107

31
196

132

1,202,660

1920
1920

72

264,274

147

107

108

301,783
61,024

1,118,825

1,335,541

120
307

103
124

109

330,678

1920
1920

109

310,800

+ 19.4
+ 6.4

134

35,128

236

191

74 - 32.2
164 - 13.8

37,061
None.

36,157
2,170

19, 543
None.

304,633

212,875

1919
1919

1,248
407

392
338

677 I

446 I

26,073

- 30.1
- 64.7

235

73,771

435 74

28,860
31,800

36,053
16,823

126,888

222,369

242,618
109,443

1919
1919

483
60

296

79,583

+ 9.1
+ 37.5

653

15, 746

278

672

370 + 34.2
356 - 47.1

Exclusive of St. Louis district.

1

263 L,301
562 333

169

341

Cumulative for six-month period, January to June, inclusive.

2.4

42
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 given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.

May,
1928.

April,
1928.

Corresponding
month,
April
or May,
1922.

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1922

1928

144,545
38,855
145,315
3,897,490

301,901
70,213
114,147
3,934,709

or decrease
(-)
cumulative
1923
from
1922.

BASE
YEAR
OR
PERIOD.

Percentage]
in-iq
crease

1923

1922

( }

t

or decrease

Apr. May.

Feb.

May
from
Apr.

Mar. Apr. M a y .

BANKING AND FINANCE-Continued.
Business Finances—Continued.
New corporate bond issues—Continued.
Industrial corporationsNew capital
thous. of dolls..
40,273
Refunding
thous. of dolls..
3,872
Southern bond issues
thous. of dolls..
25,400
New incorporations
thous. of dolls.. 1,006,258
Telephone earnings:
Total operating revenue.. .thous. of dolls..
43,952
Total operating income... .thous. of dolls..
10,212
Telegraph earnings:
Commercial telegraph tolls, thous. of dolls..
8,788
Telegraph and cable operating
revenue
thous. of dolls..
10,842
Operating income
thous. of dolls..
1,499

17,179
10,685
29,865
817,230

33,418
18,757
29,176
938,195

154,632
34,564

40,058
9,272

4-108.9
j!+ 80.7
; ; - 21.4
+ 1.0

1919

358

315 I 296

433

1919

529

616

27

1922

68

111

77

1913

460

545

407

172,434 | + 11.5
44,640 !+ 29.2

1913

305

305 j 315

1913

250

243 : 362

299

275

113 |! 108 j 126

116

121 +

4.4

100

116

107

112

3.J

86

108

92

93

+ 1.8

199

195

78

76

9,177

8,620

38,904 !

44,682 ,+ 14.9

1919

102

11,266
1,518

10,882

49,510 !

55,031 |+ 11.2

1919

97

108

2,008

6,851 I

8,166 | + 19.2

1919

78

123 !

113.46 I
63.04 i

108.18
60.73

96.84
62.92

1913

163

1913

96.48

94.11

97.56

1921

291

380

162

- 57.3

411 1,133
97
113

+176.0

584

- 18.8

474

+ 17.6

335

Stocks a n d Bonds.
Stock prices, closing:
25 industrial, average
dolls, per share..
25 railroads, average
dolls, per share..
Combined index (103
stocks)
dolls, per share..
Stock sales,
N. Y. Stock Exchange
thous. of shares..
Bond sales:
Miscellaneous
thous. of dolls..
Liberty-Victory
thous. of dolls..
Total
thous. of dolls..
Bond prices:
Highest-grade rails.p. ct. of par, 4% bond..
Second-grade rails..p. ct. of par, 4% bond..
Public utility
p. ct. of par, 4% bond..
Industrial
p. ct. of par, 4% bond..
Comb, price index.p. ct. of par, 4% bond.,
G Liberty bonds
p. ct. of par value..
10 Foreign government
and city
p. ct. of par value..
Combined index (G7
bonds)
p. ct. of par value..
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, per fine oz.
Price at London...pence per standard oz.

166 11 198
76 |

79

186 j73

4.7

-3.7

74

115

i

20,136 !

23,106

!
176,042 | 166,736

28,911

113,092

229,460

1,110,237

97,633

144,967

858,782

236,993 ! 264,369

374,427

1,969,019

60,351 I
81.55
67.48
66.52
71.44
71.29
98.88

I
|
|
|

101.48 i
93.81 I

111 -

117 | 114

2.5

111
111,999 j i

1.5

j - 15.3

1913

41S
ji

440

328 i 373 ; 291
i
;

1919

371

1919

77

1919

145

1915

94

94 I

94 i 90

1915

96

96 I1

92 |

72.25
71.71
9a 81

84.80
72.83
68.65
74.42
74.72
100.11

101.37

102.71

82.58
67.73

93.97 !

939,859

362,029 !- 57.8
1,301,888 !- 33.9

96.79 I.

334

322 ; 262 I 274 ' 248 I 234
61 !

122

93 l!

26 i

28 I

81

85 !

1915

90

1915

104

1915

96

1921

107

106
97
107

1921

111

111

1921

112

113 | 110

j 109

77

-

5.6

+ 61.8
+ 11.6

91

92

1.3

90!

0.4

90 | 90
101 ! 102
93

0.2

106 ! 106 | 103

0.0

109

0.0

93 | 91
105 j 102

96
106

25 ' 41

+ 14.7

93

1.1
0.6

110 i 110

109 i 110 ! 110 ;

0.0

I
65,043 j
744

9,188;
655 j

79,866
787
46,156
824

81,839

366,763

351,112

1,781

3,761

1913

8,994

110,036

3,407

8,544

- 4.3
+ 111.2
112,498 + 2.2
21,742 + 154.5

1913

630

6,835

4,258

20,399

29,480

74

5,512

28,547

22,252

1913

161

3,499 j

5,677

26,157

+ 44.5
-22.1
21,679 - 17.1

1913

4,460

|

44

44

48

55 I'

49 ;

70

86 |j

96 ! 104 ! 101

1913

j 231

1913

I! 2 1

169 !j 158 i 300
44 ;'

18 i 136

76 jl

85

:i

127
42

6,616
3,549
4,336
.669
32.346

1913

98

.670 •!

.712

1913

111

119 | 108

32.611 j

36.023

1913

124

131 'l 112

4.66

4.63 ;

.070

.067

.050

.048

.058

.057

00004

.00002

.392

.391

4.45
.091
.053
.084
.003
.387
.258
.192

Parval.
Parval.
Parval.
Parval.
Parval.
Parval.
Parval.
Parval.

.474
.288

Par val.
Par val.

184

109 'I

54

+ 22.8

107 !+ 5.8

173

869

+402.4

9

11

+ 25.8

+ 3.3
+ 25.7
90 ; 83 ' 67 - 19.3
113 | 112 ! 112 + 0.1
117 : 117
118 + 0.8

110 ; 119 ! 123
155

119 i 149

F O R E I G N EXCHANGE B A T E S .
Europe:
England
France
I taly
Belgium
Germany
Netherlands
Sweden
Switzerland
Asia:
Japan
India




dolls, per £ sterling.
dolls, per franc.
dolls. per lire.
dolls, per franc.
dolls, per mark.
dolls, per guilder.
dolls, per krone.
dolls, per franc.
dolls, per yen.
dolls, per rupee.

.266
. 182 ;

.180

.487

.491

.314

.311

91
|| 48
|| 28
|| 44
||
1
|] 94
jl 97
!| 101

91 ;
47 j

27
44
1
96
96
100
95
59

96 ;
96
97
32
33
35
25
25
26 \
28
28
30
0.02 jj 0.02 | 0.02 0.01
98 | 98 ' 98
99
99 ! 99
97
90
95 s 93

97 ;
65

98 ;
64

- 0.6
- 4.6
; - 4.0
1.7
- 50.0
- 0.3
0.0
I ' - 1.1

i+ 0.8
64 i -

0.6

43
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 given in the June number (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
21).

April,
1923.

VTflv
May,

1923.

Corresponding
month,
April
or May,
1922.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1922

1923

Percentage
increase
(+) :
or decrease
(-)
cumulative ;
1923 :
from
1922.

INDEX NUMBERS.

BASE
YEAR

1922

Percentji age
! increase
: (+)
j or de: crease
!- (-)

1923

OR
i

PERIOD.

Feb. Mar. Apr. May.! iToZ.
Apr.

Apr. May.

FOREIGN EXCHANGE RATES—Con.
Americas:
Canada
dolls per Canadian doll
Argentina
dolls per gold peso
Brazil
. .
dolls per milreis
Chile
dolls per paper peso
General index foreign exch . index number

.980
.832
.106
.123

.979
.817
.104
. 128

Par
Par
Par
Par
Par

.988
.824
.137
. 119

val.
val.
val.
val.
val.

98

99

99

98

84
42

85
42

87
35

87
34

58
72

01

61

C3

72

G7

6o
67

128

132

125

108

160

174

U. S. FOREIGN TRADE.

.thous.
thous.
thous.
thous.
thous.

of dolls..
of dolls..
of dolls
of dolls
of dolls..

33
67

—
|—
I —
+
—

0.1
1.8
1.9
1.9
1.5

j
|

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
G rand total .

98
85
32
66
66

98
8G

156,405 ! 138,541
22,306
20,524
26,290
22,968
11,416
9,914
58,460
48,414

168,754
20,117
« 26,107
9,473
74,486

810,059
95,080
138,535
41,962
337,888

808,989
100,382
124,817
63,375
325,644

-0.1
+ 5.6
-9.9
+ 51.0
-3.6

1913
1913
1913
1913
1913

135
157

106

89
144

83

85

90

' 168

163 |

196

220

147

151

145 i

129

119

98 ; - 17. 2
208 ! + 13. 2
197 + 22. 8

thous. of dolls..
thous. of dolls..

91,827
53,799

103,971
66,086

71,050
44,288

333,428
200,090

439,757 + 31.9
266,934 + 33. 4

1913
1913

142

142

149 i

181

183

129

132

132

[

160

160

thous. of dolls..
thous. of dolls..

22,834
9,289

22,509
10,276

18,158
8,064

81,664
35,895

110,547 + 35.4
47,660 + 32.8

1913
1913

150

149

171

1S8

187

184

176

213

199

203

thous. of dolls
thous. of dolls..
thous. of dolls..
thous. of dolls..

47,539
18,939
7,122
325,727

46,791
43,074
19,889
•15,936
4,838 !
6,534
316,649
307,569

335
454

274

of dolls..
of dolls
of dolls..
of dolls.
of doll*5

105,855
13,730
13,642
7,309
41,364

102,278
12,300
12,762
5,769 ;
44,039

73,949
11,591
8,520
5,584
25,439

365,016
57,668
42,774
22,453
128,218

thous. of dolls..
thous. of dolls

103,346
36,249

105,520 i
36,282

71,718
28,249

thous. of dolls..
thous. of dolls..

46,422
15,052

49,401
16,875

33,032
6,082

100,314
26,4S0
8,294
364,230

107,091
33,113
8,954
372,545

69,831
29,693
4,287
252,817

+ 1.7
-6.1
+ 10.9 :
+ 9.5

1913
1913
1913
1913

+
+
+
+
+

43.1
14.4
53.5
75. 2
58. 8

322,506
120,846
127,573
26,671 j

237,007
241,131
99,635
93,498
23,329
25,862
1,485,487 1,626,285

111 - 11.4
160 - 8.0
78 - 12.4

147
172

242

249 !

271

270
164

308
271

339
204

186

245

154

149

148

165

157

1913
1013
1913
1913
1913

91
93

103

125

168

147

100

89

133

119

OS
144

98
239

472,105 + 46.4
164,123 + 35.8
232,326 + 82.1
67,941 + 154.1

1

151

-31.2

184 - 1.4
224 ! + 10.6
1,
i
270
3S2
201
153

364

'.—
+
-

1.6
5.0
32. 1
2.8

Imports by Grand Divisions.
K urope:
Total
France
Germany
Italv
.
..
United Kingdom
North America:
Total
Canada
South America:
Total
Argentina
Asia and Oceania:
Total
Japan
Africa total
Grand total

.. .thous.
. thous.
thous.
thous.
thous

j

522,512
65.961
65,665
39.337
203.5fiQ

142
10G
83
125
194

- 3.4
- 10.4
— ti. 5
- 21. 1
+ 6.5

55

56

78

121

98

112

155

218

159
1S3

1913
1913

195

221

232

356

318

180

239

239

276

306

325 +
306 +

1913
1913

139
208

200

252

323

285

508

634

281
706

299 !+ 6.4
792 + 12. 1

56.0
25.2
72.8
52.5

1913
1913
1913
1913

223

265
360

349
396
546

145

169

331
302
472
203

126

139 !

131

140

166

178

!

154

16S

108 i 1 1 4
125 , 121

118

118

132

133 j 134

133
112

131
105

139
97

144
119

127 j 150 , 163
129

1

89

i

thous.
thous.
thous
thous.

of dolls..
of dolls .
of dolls
of dolls..

486,816
312,003
148.200
118,400
31,900
55,110
1,158,946 1,767,663

+
+
+
+

230
327

217

267

2.1
0. 1

3S1
407 + 6.S
321 ; 402 ! + 25.1
419
244

!

453 + 8.0
249 + 2.3

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES.
United Kingdom.
Imports (values):
Total
..
thous of £
Food, drink, tobacco..thous. of £
Raw material
thous. of £
Manufactured articles, thous. of £
Exports (values):
Total
thous. of £
Food, drink, tobacco..thous. of £
Raw material
thous. of £
Manufactured articles, thous. of £
Reexports (values):
Total
thous. of £
Food, drink, tobacco..thous. of £
Raw material
thous. of £
Manufactured articles, thous. of £
• Revised.




j
sterling .
sterling..
sterling..
sterling..

86,417
41,772
22,939
21,446

89,479 i
43,631
23,741
21,562

88,814
43,075
25,358
20,207

403,117
194,662 !
113,642 !
93,764

449,453
210,668
131,439
105,403

+ 11.5
+ 8.2 !
+ 15.7 i
+ 12. 4 | :

1913
1913
1913
1913

sterling..
sterling..
sterling..
sterling..

62,871
3,224
11,717
46,922

71,555
3,177
14,005
52,801

58,045
3,045
8,757
45,073

299,616
14,941
38,499
240,993

319.166
15,275
56,128
243,117

+ 6. 5 |
1
+ 2.2 !
!+ 45.8 i j
+ 0.9

1913
1913
1913
1913

127
111

sterling..
sterling..
sterling..
sterling..

12,429
1,592
8,618
2,207

11,773
2,187
7,069
2,507 !

+
+
-

1913
1913
1913
1913

101 ;

91

,i

135 ! 140 +
173 ; ISO +
9S ,

163
117
240
154

3.5
4.5
' + 3.5
+ 05
,
,+ 13.8
- 1.5
,+ 19.6
+ 12.5

129
165
132
102

'+
!|+

101

i

8,965
2,152
4,548
2,264

46,952 1
11,615
23,605
11,720

52,909
8,405
33,703
10,765

12.7
27.6
42.8
28.1

175
88
1

88

1

199

201

131

129

134

137

98

108

100

136

162

98

123

120

85
92

122

105

162

82

76

90

5.3
37.4
18.0
13.6

44
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL
N O T E . — I t e m s 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 m a r k e d with a dagger (t) detailed tables were given in the J u n e n u m b e r (No. 22).
For detailed tables covering other items, see
the last quarterly issue of the SURVEY ( N O .
21).

DATA.

Corresponding
month,
April
or May,
1922."

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Percentage
increase
(+)
or decrease

(-)
1922

cumulative
1923
from
1922.

192.3

INDEX

NUMBERS.

1922

Percentage
I in|crease

1923

YEAR
OR
PERIOD.

! or decrease
;| Apr.

May. ; F e b .

I M~ay

Mar.

Apr.

May. j from
| Aor.

93 ;

91

86

65

59

77

89

94 !

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES—Continued.
United Kingdom—Continued.
Exports of key commodities (quantities):
Cotton piece goods
thous. of sq. yds..
Woolen and
worsted tissuas
thous. of sq. yds..
Iron and steel
thous. of long tons..
Coal
thous. of long tons..
Production:
Pig iron
thous. of long tons..
Steel ingots
thous. of long tons..
Coal
thous. of metric tons..
Stocks, zinc
short tons..

316,736

410,381

341,959

1,540,476 i 1,808,601 + 17.4

1920

82 |

92

111 jl+ 29.6

j
12,982
388
6,841

16,561
425
7,684

1,387

714
821
« 26,609
1,906

13,791

13,492

652
749
21,603

16,585
273 i
5,057
408
462
19,466
5,979

73,452
1,305
22,390
1,780
2,162
101,059

84,007 ! + 14.4

1920

64

75 |

1,854 :' + 42.1

1913

63

66

33, 255 '+ 48. 5

1913

67

83 ;

117 ; 112

3,111

+ 74.8

1913

46

48 j|

3,704

+ 71.3

1913

63

72

120,391

+ 19.1

1913

75

16 80

" 1920

27

23

1

126

161

64
111 |

74 i

;

75 | + 27.6
103 | | +

9.5

126 jj + 12.3

76

84 | | +

9.5

126 ! 117

128 !!+

9.6

93 I 115 !
4 :

89 lie 109 |j+ 23.2
5

7 ji+ 37.4

Belgium.
Production:
Zinc
Pig iron

short tons..
thous. of metric tons..

172

Canada.
Total trade:
68,181
Imports
thous. of dolls..
Exports
thous. of dolLs..
54,328
Exports of key commodities (quantities):
Canned salmon
thous. of pounds..
1,979
Cheese
thous. of pounds..
610
Wheat
thous. of bushs..
5,143
Production:
Pig iron
thous. of long tons..
84
Steel ingots
thous. of long tons..
93
Bank clearings
mills, of dolls..
1,218
Bond issues:
Ciovt. and provincial
thous. of dolls..
10,500
Municipal
thous. of dolls..
4,493
Corporation
thous. of dolls..
3,225
Employment:
Applications
number..
44,082
Vacancies
number..
42,393
PlacementsRegular
number..
24,047
Casual
number
Newsprint paper:
Production
short tons.. 100,742
Shipments
short tons.. 100,874
12,338
Stocks
short tons..
78,378
Exports (total printing)
short tons..
Business failures:
j
231
Firms
number.. |
4,386
Liabilities
thous. of dolls..!
30,844
Building contracts awarded
thous. of dolls..

9,733 i
114

46,593
418

65,841 ,j + 41.3
+ 57.4

1913

658

1920

57 I

185;

178

82 !

83

174 i -

2.2

66,121
70,459

298,965
258,060

377,721 | + 26.3

1913

85

118 i 117

164

122

151 ||+ 23.6

76;049

332,445

+ 28.8

1913

104

224 ! 187

248

173

242 |l+ 40.0

3,655
2,676
11,932

1,089
3,156
14,207

7,131
13,997
33,694

13,103 + 83.7
7,418 - 47.0
40,558 + 20.4

1913

62

168

129

113

208 |l+ 84.7

1913

24

3

1913

170

85

79

102
104
1,470

23
16
1,442

165
143
6,319

1913

27

1913

18

54

102 i

107

120 ||+ 11.8

1913

186

133

149

157

190 : + 20. 7

118,000
17,925
6,475

141,620
33,594
26,838

26,075 ! - 81.0
56,997 + 69.7
48,406 + 80.4

39,432
36,452

161,154
112,678

21,779
7,391

84,265

110,252
109,075
13,478
98,901

94,502
94,812
8,375
75,783

247
2,662
40,697

6 259
'4,908
34,827

16,688
9,812
1,859
4,376

11,782
8,491
1,461
3,627

5,920
2,800

5,550
1,800

336 1 + 103.6
381 +160.4
6,163 : - 2.5

5

21 ; |+338. 7

61

142 ! +132.0

77 I 100

121 | + 21.4

4 I

141

none

161

237

1913

186

123

266

113

47

1913

105

272

423

90

52

164,899 + 2.3
138,547 + 23.0

1920

95

110 |

91

106

1920

91

104 j

77

79

106

60,547
34,693

66,604 + 10.0
51,404 + 48.2

1920

71

85

1920

112

140

39
235

192

135

423,918

509,087 + 20.1
500,572 ;+ 16.6

429,339

1913

49;

79

1919

124

140

137

158

150

164 | +

9.4

1919

122

140

134

154

149

161 | +

8.1

1919

69

66

85

100

98

107 |;+

9.2

370,862

457,913 | + 23.5

1919

111

137 i 153

206 !

142

179 \\ + 20.2

1,327

1,418 i+ 6.9

1913

136

175 ||

215

186

152

163 | +

-

11.2

1913

317

423 j

397

370 j

316

192 | - 39.3

1913

92

109

42

62 ;

96

127 | + 31.9

206

194 !— 6. 1

i!
6.9

26,747

23,745

96,832

114,649

+ 18.4

82,910
32,181
18,683
31,139

- 2 . 4

1913

219

137

212

+ 8.1
+ 50.5
+ 126.3

1913

22

54

28

12 !

17

62 I+ 273. 2

1913

35

29

118

62 1

27

36 i+ 35.3

1913

68

109

187

222

188

131 i ! - 30.3

214

200

286 j 329

229

-

30.4

247

357

549 ! 659

385

-

41.7

Argentina.
firain shipments:
Wheat

thous. of b u s h s . .

«17,773

Corn

thous. of b u s h s . .

6 2,629

Oats

thous. of b u s h s . .

6 1,374

Flaxseed

thous. of b u s h s . .

6,280

Wheat

thous. of b u s h s . .

8,510

Flaxseed

thous. of b u s b s . .

4,800

84,977 j
29,765 j
12,416
13,759 j

217

Visible supply:

« Revised.




18

Five weeks, other months cover four.

1913
1914
17

385

Nine months' average, April to December, inclusive.

45
BRADSTREET'S WHOLESALE PRICE INDEX.1
1913

1914

1915

1916

1917

1918

1919

1920

1921

1922

MONTH.
Relative to 1913.

!
:
|
I

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

103

96

103

96

102

96

100

95
94
94

September.
October
November.
December..
Yearly average.

99
105
104
106

119

149

195

201

221

137

123

121

151

196

191

227

134

124

123

153

196

187

226

129

126

128

158

200

188

225

123

125

106
106
107
107

128

164

205

187

225

117

127

127

168

206

196

216

115

129

125

174

208

205

210

116

131

124

178

207

217

204

120

131

128

181

207

211

195

131

184

206

212

184

139

185

205

216

170

148

191

206

219

148

120
121
123
123

131
136
145
150

128

170

203

203

97

94

9S

95

99

106

99
100

100
96

100

9S

106
108
113
116

1OO

O7

1O7

204

123

132

1919

1920

1921

1922

i

i Computed from Bradstreet's index using the 1913 monthly average of $9.2115 as 100.

SALES OF ELECTRICAL ENERGY.
GROSS REVENUE FROM SALES BY CENTRAL STATIONS.1
1913

1914

1915

1916

1917

1918

MONTH.

Thousands of dollars.
$28,700

$31,800 j

$34,400

$38,100

$43,100

$59,200

$68,400

$73,700

$85,300

$99,400

February

27,300

30,200 !

29,500

35,400

40,500

54,500

59,500

70,400

80,400

90,800

March

24,800

27,400 |

28,800

32,600

41,200

54, 300

50,800

70,100

79,300

90,500

April

24,600

27,200 |

28,700

32,000

42,600

53,200

56,300

08,200

77,800

83,700
82,000

January

May

23,400

25,800

|

27,400

32,700

40,100

53,900

54,600

66,500

76,100

June

23,300

25,400 I

27,400

32,500

42,700

52, 500

53,800

68,600

73,700

81,800

July

24,500

26,800 j

27,000

31,700

37,900

51,300

54,900

70,200

73,500

81,500

August

23,000

25,000

27,900

32,800

12,800

53,800

55,700

72,600

76,000

86,100

September
October
November
Pecember

24,400
27,400
29,600
31,200

26,200

29,100

34,200

45, SIX)

53, 400

57,800

75,700

80,500

92,200

28,200 :

31,500

37, P00

40, 500

54,600

62,100

78,300

84,700

98,100

30,000

34,000

W , 300

53, 900

60, 200

67,700

82,200

90,500

105,300

32,800

35, .500

59,000

l>4, 400

73,400

S6,4O0

95,000

110,500

26,017

28,067

30,100

35,458 | 14,925

60,083

73,575

81,067

91,825

Yearly average

*

|

I

55,442

i

i

I

1
Gross revenue received from the sale of electrical energy as reported by the Electrical IVorld and represents the total receipts from the sale of electricity computed to
100 per cent of the industry on the basis of the percentage which the reporting companies bear to the installed central-station rating of the country.




4G

COTTON.
INDEX NUMBERS.
Based on data from Government sources.
[Base year in bold-faced type; numerical data on opposite page.]

YEAR AND MONTH.

Production
(crop
estimate).4

STOCKS, END OF MONTH.
BeGin- , celpts
nings.t
into
sight.

!
, Lm- j Ex' ports.
ports,
I

Relative to 1909-1913
average.
1909-1913 monthly average.
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly

average.
average.
average.
average.
average.

100

Con-

Relative to 1913.

I Total
[domestic
;! ginned.

Mills.

i Relative
to 1914.

Relative to 1913.

Warehouses.

ElseStocks
where
un(com- Sinned.7
puted).*

World
visible.*

Relative to 1914.

Relative
to 1913.

100
2 1OO

1OO

123

100
86

- 1OO

124

2 101

2 105

97

1OO

86

SO

104

166

96

97

171

100
97
99

88

S8

99

158

81

111

161

127

87

87

80

114

55

117

141

92

92

77

92

47

113

88

88

87

144

75

100

103

103

78

246

71

01

62

86

114

74

76

75

82

152

70

43

102

118

117

66

138

49

134

52

50

92

44

70

52

C6

55

48

08

05

51

17

63

52

28

109

100

100

100

100

100

177

248

123

144

182

166

77

112

140

153

116

69

89

139

111

153

146

83

91

177

108

192

234

86

116

111

155

119

174

164

95

131

85

205

88

255

2€3

112

148

102

165

106

213

152

45

104

83

76

252

94

47

68

82

262

99

91

244

85

227

91
96

82

105

1921.
January...
February.
March
April
May
June
July
August.
September.
October
November.
December..

156

321

332

312

379

99

298

328

145

98

285

286

143

205

95

269

231

216

182

89

244

192

144

85

158

83

211

161

58

97

149

75

197

159

281

120
127

!

151

133

54

220

98

31

73

101

184

83

245

205

190

50

346

168

154

120

103

242

104

283

343

50

146

50

92

147

253

93

109

240

123

301

279

13

149

64

22

127

300

106

219

129

296

200

4

149

1922.

I

January...
February.
March
April

76

207

65

109

197

124

263

175

140

40

270

47

98

181

US

239

157

126

295

<>3

108

159

116

213

118

116

74

82

92

134

109

182

83

110

May
June
July
August.

51

71

65

103

112

106

145

60

97

42

62

08

106

88

99

111

34

83

33

42

51

95

09

91

85

12

•to
37

85

September..
October....
November.
December..

!

87

76

45

71

38

109

70

76

81

284

116

•23

51

103

125

79

7>

395

194

132

110

111

197

7S

109

179

244

118

120

26

126

337

84

109

92

31

334

183

83

219

72

103

24C

231

60

118

193

128

238

195

15

125

175

143

231

117

5

123

52

1923.
January...
February.
March
April
MayJune..
July..

72

518

127

154

148

19S

83

109

34

327

49

118

136

150

159

74

88

38

262

44

129

115

151

135

33

75

25

183

36

120

97

140

112

13

59

31

116

22

129

80

120

90

46

66

30

112

100

70

36

See footnotes on opposite page also.
» Except receipts into sight, compiled by New Orleans Cotton Exchange, and world visible supply of American cotton, compiled by Commercial and Financial Chronicle.
Production estimates from U. 8. Department of Agriculture, Bureau of Agricultural Economics; imports and exports from U. 8. Department of Commerce, Bureau of Foreign
and Domestic Commerce; consumption and domestic stocks from U. 8. Department of Commerce. Bureau of the Census. Linters are not included in the statistics in this table,
except in the exports. It should be noted that the monthly averages of stocks (except visible supply) and consumption are based on the crop year ending July 31 of
the year stated, while for ginnings the average is for the crop grownI n the year stated. Other averages are based on the calendar years.
' These figures are for fiscal years ending June 30 of the year given; those following are for calendar years.
i All bales are running bales counting round as half bales, except for imports which are given in equivalent 500-pound bales.




47

COTTON
NUMERICAL DATA.
From Government sources.1
[Base year in bold-faced type; index numbers on opposite page.]
S T O C K S , E N D OF MONTH.

Production
YEAR AND MONTH.

Ginnings.5

(crop estimate).4

Receipts
into sight. Imports.

Exports.

Consumption.

Total
domestic
ginned.

Mills.

Warehouses.

Stocks
unginned.7

Elsewhere
(computed). 6

World
visible.*

Bales.3

I1
1909-13 mo. av

1,077,758

13,033,235

1913 mo. av

14,156,486

1,203,092

a 20,309

a 727,048

482,194

1,346,275

1,761,029

1914 mo. av

16,134,930

1,325,487

1,035,730

a 20,558

«763,775

468,840

4,125,050

1,305,575

1,766,241

1,053,233

1915 mo. av

11,191,820

922,348

1,256,604

33,798

696,583

466,447

7,054,911

1,326,773

3,116,900

1916 mo. av

11,499,930

946,993

1,186,402

32,064

585,810

533,134

6,650,295

1917 mo. av

11,302,375

937,354

959,945

23,103

401,570

565,709

5,799,680

1,704,731
1,890,108

1918 mo. av

12,040,532

992,207

930,820

18,781

342,696

547,207

5,724,746

1,500,619

1919 mo. av

11,420,763

943,794

1,050,988

29,226

546,432

480,495

7,301,170

1,454,170

3,094,382
2,666,879

3,256,082

2,611,238 ,

3,275,139

4,448,002

3,197,001

1,748,565

2,047,505

2,690,708

1,218,872

1,841,476

3,470,325
2,756,811

2,689,271

1,534,856

2,204,884

2,826,666

3,382,971

2,463,863

2,287,925

3,601,306

1920 mo. av

13,439,603

1,105,914

940,762

49,999

513,261

534,978

6,374,867

1,595,339

3,056,972

1,722,556

2,542,491

4,063,364

!

1921 mo. av

7,958,641

664,815

1,036,637

23,137

540,435

407,723

8,437,245

1,181,390

4,484,135

2,771,712

2,983,776

4,588,^29

i

1922 mo. av

9,964,000

810,754

984,931

30,953

510,814

492,485

6,788,292

1,430,645

3,755,328

1,602,318

1,198,281

3,230,285

460,094

1,228,320

1,256,228

4,821,886

1921.
24,024

605,381

366,463

10,402,402

1,263,961

5,645,482

3,492,959

793 739

28,055

493,426

395,115

10,816,949

1 327 155

5,503,139

3,986,655

4,670 831

March

589 856

27,282

375,180

438,218

10 046,779

1 336 542

5 252,852

3,457,385

4 475,521

April

607 218

18,731

319,933

409,247

9,350,944

1 315 706

5 026 894

3 008,344 '

4,434 379

May

845 725

10 542

477 389

440 714

8 456 753

1 280 723

4 738 267

2 437 763

6 668 667

659,900

9,849

495,590

461,917

7,526,072

1,203,364

4,300,386

2,022,322

4,454,124

607 788

3 452

598 962

410 142

6 534 360

1 111 147

3 723 213

1 700 000

4 108 428

620- 214

5 631

423 491

467 059

6 140 788

1 006 066

3 463 964

1 676 758 ', 7 491 991

3,723 986

January

1 256 228

February
!

!

i June
July

8,433,000

August

8 203 000

485 787

i September

7,037,000

2,434,605

1,179,916

6,362

532,839

484,718

7,593,912

1,118,045

4,312,135

2,163,732 !

5,057,386

3,944,690

1 October

6,537 000

3,725,962

2,016,263

31,269

874,510

494,317

9,995,040

1 398 138

4,984,831

3,612,071

1,331,424

4,519,489

1

November

6,537,000

993,607

1,763,850

51,440

648,695

527,940

9,886,499

1,655,359

5,292,941

2,938,199

337,817

4,622,596

December

7,953,641

242,395

1,526,858

61,006

639,825

510,925

9,047,675

1 738 138

5,206,663

2,102,874

95,422

4,617,751

65 326

4,322,285

1922.

!

January

30 096

914 329

42 093

475,910

526 698

8 137 761

1 668 668

4 621 708

1 847,385

February

65 326

478 213

54,761

338,440

472 336

7 464,650

1 595 242

4 214,862

1,654,552

3,890 580

!

536,624

59,957

519,761

6,556,720

1 557 023

3 752 258

1,247,439

3,592,532

1

443 759

15 115

461,484
598,209

443 509

5 546 080

1 461 340

3 213 483

871 257

3 398 909

March

608 951

14,320

469,397

495,337

4,611 822

1 420 428

2 559 451

631,943

3,000 680

!

506,575

491,079

509 218

392 922

373,742

458,002

1 330 903
1 218 388

1 488,165

356,612
125,000

2,567 689
2,839 88S

546,895

273,308

527,404

3,640,993
2,831,553
2,C04,940

1 953,478

1

12 662
8,587
14,481

1 024,994

1,549,789

330,157

8,911,877

1,597,056

1,393,812

9 4,628

368,890

495,344

5,153,804

1,065,117

3,217,639

871,048

5,846,042

2,228,591

Mav
!

11 065 000

July
August

11,400,000

817,171

September

10,575,000

3,065,835 |

October

10 135 000

4 256 833 ;

2,331,478

26,816

798,664

533 950

8,145,448

1 379 770

4 329 902

2,435,776

1,589 209

3,637,150

November
December

10,135,00Q

1,178,305

2,155,597

49,550

858,337

577,561

7,976,767

1,721,425

4,198,095

410,904

3,876,414

9,964,000

280,763

1,510,011

68,525

607,853

527,945

7,232,140

1,921,295

4,074,945

2,057,247
1,235,900

130,141

3,811,650

76,447

3,359,121

i

:

i

1923.
January

53,694

872,132

105,215

473,436

610 375

3 481 689

877,025

76,447 ]

410, 188

66,329

359,657

566,921

6,345,319
5,602,870

1 986 605

Februarv....

2 021,903

2 804,494

776,473

2,733,781

March

452 817

53 ''19

318 210

623 105 '

4 760 129

2 034 535

2 377 799

347 795

April

30") 058

37,068

262,753

577,306

3,995,324

1 889 218

1 966 441

139,665

2 335 063
1,812,705

May

374,977

23,593

160,368

020 965 i 3 279,112

1
1 621 2S0 I 579 606

13 367

214 851 '

542 166

1 345 066

i

June.
July

1 232,888

79,016

1,432,114
1,108,674

II, 40.',000
l!

See footnotes on opposite page also.
« The yearly figures represent the latest revised estimates of total production for the year (not a monthly average). The monthly figures show the current estimates
of total production as reported each month.
&
Figures for September include first 25 days of the month only; remaining 5 days are included with October. January figures cover the first 16 days of the month,
and February figures cover all ginnings of the crop made after Jan. 16.
6
Computed from figures on ginnings, imports, reexports, exports (excluding linters), consumption, and mill and warehouse stocks, and corrected at the end of each
crop year by reports to the Bureau of the Census.
7
Computed from total crop and ginnings to date. September figures are as of Sept. 25, January as of Jan. 16; otherwise as of last day of the month.
1
These figures represent world visible supply of American cotton.
• Covers first 21 days only, during which period the old tariff law was in effect; remaining 9 days included with October,




48

PUBLIC UTILITIES.
INDEX NUMBERS.
Based on data from Government and non-Government sources.1
[Base year in bold-faced type; numerical data on opposite page.]

TELEPHONE
COMPANIES.

YEAR AND MONTH.

TeleCom- graph
Total
Net
and Operat- Gross
operat- operat- mercial cable
teleing in- earning
ings.
graph operatcome.
reveing
tolls.
nues.
revecome.
nue.
i
Relative to 1919.

1913 mo
1914 mo
1915 mo
1916 mo

av
av
av
av

100 '

Gross
revenue,
central
station
sales.

Net
earnings.

Sf

Relative to 1913.

ELECTRICAL
ENERGY.

GAS AND
ELECTRIC
COMPANIES.

TELEGRAPH
COMPANIES.

FUEL CONSUMPTION BY
PUBLIC UTILITY
PLANTS.

Coal.

1OO

1OO

100

105

111

112

125

129

lTTl 7 m o a v

142

127

1918 mo. av . .
1919 mo av .
1920 mo. a v . . .
1921 mo. av
1922 mo av . . .

154

125

83

188

138

1OO

231

146

120

276

204

306

239

By
fuels.

Relative to 1919.

1OO
;

:

1OO
108 i

108

110

116 !'i

121

125

136

105

135

121

173

84

78

150

121

213

1OO

1OO

173

134

231

1OO

116

88

209

141

283

106

106

103

77

215

166

312

111

105

104

225

184

353

76

power.

i

103

78

Total.

Gas.

Oil.

Relative to 1913.

104

PRODUCTION
OF ELECTRICAL
ENERGY.

1OO

106

100
ill
102

123

118

125

109

95

1OO

1OO

119 !

115

112

90

109

111

97

119

127

1OO

113
108

j

1

I

1921.
January
February. . .
March
April

262

173

108

104

42

237

179

328

102

97

96

109

253

181

98

94

37

217

168

309

90

85

82

98

271

213

112

107

93

222

172

'

305

90

92

87

105

110
98
111

277

232

103

101

75

215

108

i

299

83

92

104

100

107

83

93

112

101

109

96

83

99

116

100

100

100

84

111

108

101

101

101

88

125

131

105

99

109

|

98
101

I
May
June
July
August

278

223

280

218

109

275

184

103

99

278

193

108

105

;

September...
October
November
December

275

219

110

107

i

112

289

220

110

108

86

287

220

99

98

80

288

172

104

104

111

;

107

;

102

70

212

101

105

88

204

147

50

198

137

283
283

78

198

131

292

!

293

I

203
!

217
225
241

150
170

i

193
210

!

309

88

128

133

114

91

128

326

94

128

128

110

93

120

348

95

124

124

112

100

120

365

99

129

110

118

109

123

1922.
January
February....
March
April

291

241

220

ss

54

|

224

202

i

102

100

!

231 ;

201

I

97

78

!

223

196

123

i

222

220

UK

282

218

01

300

244

107

305

250

102

May
June
July . . .
August

305

243

113

307

246

115

108 I
109

304

217

108

103

309

231

120

113

September...
October
November....
December .

312

245

122

319

273

126

317

236

324

!

04

:

j

JM

120

92

117

106

124

349

89

108

90

107

100

111

348

93

103

90

118

121

116

322

84

89

104

111

122

104

315

84

124

118

135

107

85

93
100

118

130

111

119

128

114

128

215

166

314

83

210

147

313

!

88

110

131
146

119

214

132

331

;

96

142

171

126

123

127

114

128

220

160

354

99

148

175

125

116

130

117

129

238

171

377

112

142

159

134

111

147

114

108

100

247

215

405

115

135

134

136

112

150

249

116

107

138

257

218

425

123

142

108

142

326

266

118

j

110

120

270

257

451

122

136

118

147

133

155

315

362

108

i

100

86

«250

«239

422

111

127

102

133

121

141

338

299

126

116

108

»257

»253

115

125

127

146

143

148

335

275

116

!

107

92

101

107

129

138

147

133

109

155

143

156

135

!

|

i

!

158

J923.
January..
February
March
April
May

121

112

93

420
412

i

!
j
!

101

j

July
1

See footnotes on opposite page also.
Telephone earnings are the combined reports of 13 largest telephone companies, and telegraph earnings are the combined reports of the Western Union and Posta I
Telegraph Cos., as reported to the Interstate Commerce Commission; gas and electric earnings are the combined reports to the U. S. Department of Commerce, Bureau of the
Census, of 73 companies or systems operating gas, electric light, heat, power and traction services and comprising most of the large companies in the United States. Gross
earnings are in general the gross operating revenues, while net earnings in general represent the gross less operating expenses and taxes, but owing to a lack of uniformity
i p the accounts of individual companies, it has not beep possible to secure tEese actual items for each company, and in such cases the nearest comparable figures have been
1




49
PUBLIC UTILITIES.
NUMERICAL DATA.
Data from Government and non-Government sources.1
[Base year in bold-faced type; index numbers on opposite page.]

TELEPHONE
COMPANIES.

YEAR AND MONTH.

TELEGRAPH
COMPANIES.

GAS AND
ELECTRIC
COMPANIES.

ELECTRICALENERGY.

Gross
Net
earnearnings, i ings.

Gross
revenue
central- i Coal.
station \ j
sales.

TeleNet
Com- graph
Operand
Total opermer- cable
operatcial operat-| ating
ining rev- ating
graph
inenues, come.
ing
tolls.
revenue.

FUEL CONSUMPTION
BY PUBLIC UTILITY
PLANTS.

Short
tons.

Thousands of dollars.
1913 mo. av.
1914 mo. av.
1915 mo. av.
1916 mo. av.
1917 mo. av.
1918
1919
1920
1921
1922

mo.
mo.
mo.
mo.
mo.

$13,132 $3,710
13,722 3,709
14,527 4,139
16,452 4,785
18,700 4,700 $5,898

av.
av.
av.
av.
av.

1921.
January
February
March
April

4,649
5,104
5,415
7,573

20,225
24,635
30,320
36,265
40,204

$7,674

1,282
8,477
i 6,287
! 7,596 10,095 1,636
|| 9,113 11,698 1,438
|! 8,043 10,371 1,265
1,697
10,608
8,435

10,480
9,457
10,772
10,163

j
!
|
i

689
599
1,524
1,228

69,546 18,167
63,820 | 17,067
65,325 ; 17,457
63,245 16,981

85,300 '; 2,984,154
80,400 2,629,563
79,300 2,641,588
77,800 2,416,579

36,560
36,743
36,160
36,566

8,275
8,084
6,829 j
7,178

8,123
8,283
7,805
8,239

10,315
10,601
9,989
10,615

!
I
I
|

1,251
1,434
816
1,270

62,163
59,905
58,212
58,098

76,100
73,700
73,500
76,000

September
October
November
December

36,067 8,132
] 37,905 8,168 :
j 37,657 | 8,172
\ 37,871

8,333
8,371
7,526
7,884

10,812
10,913
9,857
10,486

| 1,835
I 1,409
1,311
j 1,815

59,702
15,182
63,753 17,240
66,004 i 19,514
70,800 I 21,232

1932.
January
February
March
April

|
7,451
6,950
8,117
7,766

9,586
8,932
10,302
9,808

1,042

883
1,643
1,275

70,899 22,246
65,661 20,500
67,725 ! 20,360
65,581
19,886

99,400
90,800
90,500
83,700

8,149
8,073
9,070
9,272

16,284
14,873
13,926
13,267

j

40,059
40,252
39,889
40,572

9,013 I
9,137 |
8,055 ;
8,585 |

8,620
8,744
8,198
9,079

10,882
10,967
10,363
11,381

2,008
2,101
1,364
1,944

65,295 j 18,364
63,259 j 16,834
61,612
14,S67
62,974
13,353

September
October
November
December

40,930
41,936
41,691
42,489

9,092 j:
10,125 !
8,767 !
9,246

9,261
9,564
8,678
8,796

11,521
11,820
10,885
10,850

2,090
2,109
1,636
2,265

64,484
69,866
72,539
75,502

May..
June.
July..

j
i
'
\
|

By water By fuels.
power.

Thousands of kilowatt hours.

16,255
17,325
21,771
22,106

897,088 1,707,413
781,436 ! 1,464,682
848,866 1,548,664
843,193 1,853,783

3,541,493
3,178,624
3,394,987
3,239,784

1,217,158
1,345,809
1,245,000
1,437,587

2,026,245

1,
1,196,616
1,345,507
1,308,272

2,198,804
1,982,008
2,049,480
1,931,512

2,283,764
2,194,130
2,537,652

853,380
916,088
1,026,568
1,149,935 '

1,994,126
2,068,248
1,929,148
2,329,609

3,269,127 1,327,497 1,941,630
3,244,093 ! I 1,215,972 2,028,121
3,269,709
1,224,813 2,044,896
3,410,701 1,199,995 2,206,706

80,500 2,586,033
84,700 | 2,758,774
90,500 2,777,483
95,000 2,902,987

1,179,250
1,181,457
1,145,922
1,191,752

2,381,628
2,279,880
2,212,562
1,962,781

3,687,609
3, 574,339
3,639,393
3,819,692

1,101,576
1,137,123
1,217,833
1,322,101

2,586,033
2,437,216
2,421,560
2,497,591

2,953,540
2,593,259
2,722,146
2, 456, 592

1,108,413
995,826
949,952
824,097

1,633,907
1,599,967
1,598,961
1,850,180

3,805,748
3,467,846
3,820,812
3,596, 520

1,293,439
1,220,922
1,467,832
1,488,305

2,512,309
2,246,924
2,352,980
2,108,215

; 2,212,847 I
2,344,788
2,606,783 |
'' 3,056,137 |

3,823,591
3,835, 430
3,871,324
4,074,908

1,646,074
1,587,943
1,556,956
1,494,766

2,176,917 |
2,247,487
2,314,368 j
2,580,142

i!

May
June
July
August

1923.
January
February
March....
April

M cubic
feet.

55,442
60,083 I 2, *25, OH
f2), 833 j 1,783,833 j| 3,243,403
73,575 3,093,655 | 1,093,559 2,058,509 3,629,573
81,066 2,631,107 i 1,001,245 1,977,710 3,439,130
91,825 2,849,397 1,099,444 2,264,511 3,975,237

8,183
7,412
8,535
7,823

38,183
j 36,998
! 39,393
40,058

Barrels.

Total.

44,119 I 12,232
50,734 13,609
61,342 ; 14,311
63,252 | 16,812
66,199 18,612

6,434
6,706
7,896
8,599

I
J
!
|

Gas.

$29,369 810,132 $26,017
28,067
j 30,716 I 10,478
30,100
| 31,592 i 11,112
' 35,479 \ 12,657
35,458*
39,508 j 12,304
$1,711
44,925

i
34,394 i
33,206!
| 35,650 |
I 36,398 I

May
June
July
August..

Oil.

PRODUCTION OF
ELECTRICAL ENERGY.

2,415,263
2,434,349
2,453,945
2,572,569

j

82,000
81,800
81,500
86,100
92,200
98,100
| 105,300
I 110,500

85(5,173
2,471,123
|
919,960
2,486,099
i
2, 563,580 1,010,117
j 2,816,678
1,311,945
!
! 2,898,986 1,361,387
j 3,275,204 : 1,308,836
3,357,966 ' 1,239,693
3,597,590 j 1,306,930

1,358,292 | 2,690,912
1,352,495 2,979,910
1,366,554 3,047,073
1,416,860 3,194,586 |

3,125,059
2,833,831
2,383,280
1,928,396

j 4,049,204
! 4,332,405
•[ 4,413,627
|! 4,611,446

2,096,496
1,823,411
2,271,937
2,297,450

4,753,826
4,324,278
4,727,964
4,473,472

1,620,311
1, 467,343
1, 719,362
1,783,652

3,133,515
2,856,568
3,008,602 j
2,689.820 |

999,705 2,766,262

4,630,473

1,901,400

2,729,073 [

]l

42,841
41,317
44,324
43,952

9,879
13,447

11 102
10,21?

8,986
8,166
9,565
8,788

11,130
10,094 !
11,699
10,842

1,961
79,442
1,413 , * 73,569
1,775 2 75,385
1,499

9,177

11,266

1,518

25,998 117,400 | 3,556,807 | 1,255,973
24,171 109,800 | 3,248,979 1,165,769
2
25,616 t 109,200 | 3,351,167 | 1,151,107
107,200 { 2,967,707
980,689

2

! 2,943,242 |

i

See footnote on opposite page also.
taken. Also in some cases the figures for prior years do not cover exactly the same subsidiaries owing to acquisitions, consolidations, etc., but these differences are not
believed to be great in the aggregate. Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from # the
sale of electricity computed to 100 per cent of the industry on the basis of the percentage which the reporting companies bear to the installed central station rating of the
country.
Fuel consumption by public utility plants and production of electric power from U. S. Department of the Interior, U. S. Geological Survey.
8
One company missing.




50

MISCELLANEOUS.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
Data from Government and non-Government sources.
[Base year in bold-faced type.]

AUTOMOBILE PRODUCTION, i

STOCKS OF
CRUDE PETROLEUM.'

Total
for
comYEAR AND MONTH.
parison.

Fall
River
mill
dividends*
Total (quarPasat
terly)
senreger.
fineries.

Rela- Relative to tive to
1913.

Relative to

1919.

1913.

SANITARY
ENAMEL
WARE.*

SmallTrucks, Baths. ware.

Relative to
1921.

Relative to
1919.

STOCKS OF CRUDE
PETROLEUM.*

Total
for
comparison.

At tank
farms
At
and pipe refinerlines
ies.
(as reported.)

m o . average.,
mo. average,
mo. average,
mo. average,
mo. average,
mo. average.

100
118
139
138
122

1919 mo. average.
1920 mo. average.
1921 mo. average.
1922 mo. average.

105
127
152
234

100
114
138
221

108
107

1913
1914
1915
1916
1917
1918

1920.
January
February...
March
.
April

100
59
55
114
203
291

1,958
2,115
6,167
7,500
10,680
18,938

138,138
156,930
127,616
194,642

26,364
26,837
12,020
20,269

165,347
193,433
231,520
222,433

29,420
31,276
36,031
39,342

209,433
179,433
171,347
171,348

35,308
30,276
28,420
28,419

3,633

142,347
87,347

1,521

47,086

21,420
19,420
14,85.6
7,856
4,831
7,830
13,328
18,070

23
28
41
72

145,914

103,886

5 5,682
13,526

100
114
93
141

100

110,026
133,115
159,237
245,673

14,935
16,954
20,651
32,932

1,221
2,521
779
762

88

120

112

112,874

13,201

90

140

119

111,981

13,501

14,346
15,146

91

106

96

105

101

235
486
150
147

448

105
56

144,5£6
128,201

102
45

• 100

6 100

76

335

312

168

137

111,144

161

149

110,732

152

134

110,653

130

115

113,029

2,325

May
June
July
August..

105

103

108

108

108

114

124

108

113,815

110

120

124

108

115,699

15,331
16,172
17,086
17,961

September..
October
November..
December...

128

126

103

81

130

129

63

74

133

143

136

142

134,360
136,285
139,234
142,442

18,830
19,238
21,374
21,261

120

141

31

18

126

150

49

30

133

142

94

51

125,589
132,222
139,499
146,399

21,064
22,412
21,147
21,055

43,086
68,088
936 i 130,263
176,439
177,438
150,263
165,574
167,705

1921.
January
February...
March
April

502

700

293

180

45

56

34

30

141

128

148

139

128

69

155

141

109

54

Baths.

Small-

Number.

38,458
45,307
68,218
124,46£
145,066
77,199

$519
306
285
593
1,054
1,512

101,962
123,709

33
49

SANITARY
ENAMEL
WARE,
UNFILLED
ORDERS/

B.—NUMERICAL DATA.

28

90

PassenTrucks.
ger.

Thousands of
dollars.

Thousands of barrels.

A.—INDEX NUMBERS.

Fall
River
mill
dividends •
(quarterly).

AUTOMOBILE
PRODUCTION.^

2,605

•40,816
136,614

403,5£6

18,070
14,328
10,766
13,080

43,668
51,344
47,357
42,218

169,467
173,151
145,166
123,202

13,648
12,813
10,010
8,307

43,375
39,412
30,763
29,987

117,101
119,087
93,168
93,744

i

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




148

161

128

120

41

162

110 |

121

50

165

120 !

105

52

98

49

77

38

51

32 i

143

166
170
177

146 |L
178 j | 130

107
126
116
103

131
134
112
95

155,267
162,463
168,821
169,682

20,816
21,009
19,116
16,374

104
97
74
73

91
92
72
73

172,874
174,149
178,260
185,623

17,991
18,404
21,856
26,562

See footnotes on opposite page.

767

742

144,669
134,734
106,042
673 ,j 70,690

|
,
i
I
|
;
j
!
j

51
MISCELLANEOUS—Continued.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA—Continued.
SANITARY
STOCKS OF
AUTOMOCRUDE PEENAMEL
BILE PROTROLEUM.* i Fall
DUCTION.'
WARE.*
River \
j mill !
diviTotal Total ;dends
(quar- Pasfor
at
terly). sen- Trucks.; Baths, Small, comware.
YEAR AND MONTH. ; pari- finerger.
son.
ies.

| Rela- Rela- | Relative to tive to I tive to
j 1913.

1919.

I 1913.

Relative to
1921.

Relative to
1919.

STOCKS OF CRUDE
PETROLEUM.*

I Fall
River
j mill
! divi- 3
At tank
| dends
farms
! (quarAt
and pipe refinerterly).
lines

Total
for
compari- | (as reson.
ported).

ies.

1922.
January
February
March
April
May
June....
July
August..
September...
October
November...
December
1923.
January
February
March
April
May..
June..

205

59

36

105 •

199

178 j

79

50

106

211

210 |
219 ;

235

238 ;

244

242 ;

211

125 ;

89

!

208,851

;

30,636

81,693

9,416

26,580

109,171

13,195

|

31,298

152,959

19,761

197,216

22,342

42,908
43,368
45,868
66,743

232,431 I 23,788
263,027 I 25,984
224,770
21,837
248,122
24,467

146,129
177,197
191,038
175,791

436,787 |
486,331
557,488
508,005

187,661 |
216,099 j
215,284 !
207,269 |

19,188
21,512
21,683
20,050

183,343
176,047
188,023
202,912

513,113
512,286
'600,466
640,440

223,706 j
254,650
318,424
344,474

19,377
21,815
34,593
37,527

248,627
291,549
298,953
305,731

829,235
997,126
1,056,942
1,100,340

350,180

42,983

286,078 1,066,772

111

75

112

107

221,588 !

143

85

164 !

159

235,962

168

£0

358 :

338

247,093

190

99:

434 |

376

255,817

|

35,476

236

162

83

468

431

261,395

'

35,287

180

93

431

393

262,707 ,

:

34,030

251

136

73

449 ;

397

156

82

431 I

396

156

S2 ,

461

465

252

225
219
219 j
226

150

76

497

495

263,761
265,073 :
265,017 !
264,578

33,615
32,766
| 32,765
| 33,805

251

200 ;

162

73

609 j

642

247

188

184

S3

714

771

732;

S18

126

'.

255

208 '!

260

210

!.

267

211

!.

136

143

231

131

249

142

250

162

749 .
701

650

36,178

228 '

252

$1,097

32,752

256

125

Number.

;

196,228

100

249

253

Smallware.

B.—NUMERICAL DATA.

187

225

SANITARY
ENAMEL
WARE,
UNFILLED
ORDERS .4

Passen,-!
; Trucks. Baths.
ger.

! Thouj sands of
I dollars.

Thousands of barrels.

A.—INDEX NUMBERS.

AUTOMOBILE
PRODUCTION.1

I
|i
:|
!!

851

263, 23o
258, 781
267, 209
272, 616

252,961
255,385
258,738
264,627

29,914
28,113
31,133
31, 343

825

279,877

273,157

31,511 I

647

654

707

128,811
114,967
138,374
206,084

741 !.

1
Yearly figures of automobile production through 1921 from the National Automobile Chamber of Commerce; monthly figures from January, 1920, through June, 1921,
estimated by the Cleveland Trust Company on the basis of shipments; beginning with July, 1921, current production compiled by the U. S. Department of Commerce, Bureau
of the Census, from reports of the National Automobile Chamber of Commerce, to which are added reports from outside manufacturers, representing practically 100% of the
total2 production of the industry.
Stocks of crude petroleum included in "Total for Comparison'5 are from the U. 5. Department of the Interior, Geological Survey, and include pipe-line stocks and tank
farm stocks, producers' stocks in California, and stocks of Mexican petroleum held by importers. Beginning with January, 1923, topped oil and imported oil at refineries
have not been reported by the Geological Survey, but the imported stocks reported by the Bureau of Mines have been added to the Geological Survey figures to compensate
for the exclusion of the latter. This change in the method of computation reduced the January, 1923, total from 264,675,000 to 203,235,000 barrels, an almost negligible ( ifference. Beginning with January, 1923, the Geological Survey total of stocks, pipe-line tank farm producers' stocks in California, and imyoitfd cil held cutsice refneiies
are given in the separate column, headed "As reported." Total at refineries is from U. S. Department of the Interior, Bureau of Mines, and includes both imported and domestic oil.
3
Dividends paid each quarter by Fall River textile mills obtained from Bradstrcets.
* Unfilled orders of sanitary enamel ware compiled by the En-.inid Sanitary Ware Manufacturers' Association, said to represent about 9S per cent of the total output
of this
industry in the United States.
6
6 months average, July to December, inclusive.
6
8 months' average, May to December, inclusive.




52

WORLD PRODUCTION OF COTTON.*
1
!

Country

World total.

Peru.

United
States.

Mexico.

India.

June.

August.

August.

November.

j

New crop available

Brazil.

Egypt.

September. September.

Thousands of bales (478 pounds net).
Normal consumption (1909-1913).

1915
1916
1917

13,033
16,135
11,192
11,450
11,302

193
108
95
103
135

3,584
4,356
3,126
3,756
3,390

322
387
282
281
345

1,453
1,337
980
1,048
1,304

1918..
1919.
1920..
1921..

12,041
11,421
13,440
7,954

203
199
188
126

3,324

3,735

339
384
451
612

1,155
1,251
902

9,762

1115

* 4,348

553

1,015

1909-1913 average.
1914

1922, latest estimates.
1923, latest estimates.
1

17,795

From private sources.

4,850
3,013

21922 acreage 12,496,000 compared w i t h 11,976,000 in 1921.

WORLD PRODUCTION OF WHEAT*
World total.

Country

New crop available

Argentina.

Australia.

India.

United
States.

Spain.

Italy.

France.

January.

January.

March.

July.

August.

August.

August.

August.

August.

Germany. Rumania. Canada.
September.

Millions of bushels.
Normal consumption
(1900-1913)
1909-1913 average
1914 .
1915
1916
1917
1918
1919
1920
1921.

.

64

37

301

531

136

236

361

221

34

116

3,577
3,586

157
114

85
103

351
312

687

130
116

183

317
283

152

87
49

4,199
12,609

169
173

25

80

179
152

377
323
282

197
161
394
263

184
172
214
170

115
76
46
146

370
280
377
250

181

128
109

366
402

» 2,288

1

12,804

. .

12,743
12,868
13,069

.

1922, latest estimates

13,113

192S lrit^st flStlTTlfltP^
1

i

189

891
1,026
636

139
152

170
171
177

223

146
142

205
135

*110
182
«86
«80
•83
«108

»18
»66
*70
«76

189
193
263
301

«76

«83

400
300

637

143

140

921
968
833
814

136
129
139
145

170
141
194

226
*187
«237
«323

862

125

162

«243

835

183

89
78

234

« New boundaries.
Russia excluded. No accurate statistics are available.
• Excludes Alsace-Lorraine.
* Former kingdom, Bessarabia and Bukowina.
• Excludes Dobruja.
* Data compiled by U. S. Department of A griculture, Bureau of A gricultural Economics, and corrected monthly in accordance with latest available information received
that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.




53

WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.*
FLAXSEED.

CANE S U G A R .
Brazil.

Java,

Hawaii.

Cuba.

YEAR.

World
total.
May.

Oct.

Oct.

Nov.

Dec.

Dec.

Jan.

Dec.

Thousands of short tons.
9,971
11,293
12,776
13,442
14,508
13,324
13,799
13,656
14,698

1,514
1,054
1,797
2,009
1,960
1,478
1,473
1,579
1,858

311
247
139
311
246
284
122
176
<328

»38
344
486
413
493
440
496
580
676

567
646
593
645
577
600
556
522
522

363
346
484
503
454
406
485
490
408

2,295
2,967
3,437
3,442
3,957
4,597
4,209
4,408
*4,476

2,614
2,757
2,950
3,058
3,708
2,617
3,361
2,826
2,911

1922 latest estimates
1923 latest estimates

14,857

1,993

<295

»532

«592

«393

»4,183

* 3,347

2

Louisiana and Texas.

8

Exports.

i

Apr.

Aug.

Aug.

Thousands of bushels.

1909-1913 average
1914
1915
1916
1917
1918
1919
1920
1921

1

United
States.

Argentlna.

India.

World
total.

110,992
94,559
103,287
82,151
41,063
61,821
61,692
87,964
83,288

From private sources.

31,989
36,928
45,040
39,289
4,032
19,588
30,775
42,038
50,470

19,870
15,448
15,880
19,040
21,040
20,600
9,400
16,760
10,800

19,505
13,749
14,030
14,296
9,164
13,369
7,256
10,774
8,029

12,040
7,175
10,62S
8.. 260
5,935
6,055
5,473
7,998
4,112

32,272
44,000

17,360

12,238

3,685

« Louisiana and Texas.

WORLD PRODUCTION OF BEET SUGAR *
World
totaU

United
States.

Ger- CzechoNethermany. slovakia. Russia. Poland. lands.

Belgium.

France.

Italy.

Denmark. Sweden, i

Spain.

YEAR.

Thousands of short tons.
1909-1913 averace
1914
1915
1916
1917
1918
1919
1920
1921

;
.......

1922 latest estimates
1923 latest estimates .

8 432
8,331
6,056

5, sos

610

2,296

1,017

1,726

722

2,721

1,004

1,879

374

1,678

812

1,824

239

264

821

1,721

805

1,457

293

2S6

5,208

765

1,726

5S4

1,134

263

215

4 592

761

1,484

6SS

318

249

3 490

726

SOS

559

86

4 997

l,0S9

1,212

770

5,499

< 1,074

1,429

720

25 618

1,635

;

»799

246

276

759

209

116

128

154

316

215

334

166

112

168

170

120

150

166

117

143

140

140

204

160

139

124

151

136

221

162

154

149

144

182

78

121

120

169

156

141

106

263

152

171

185

91

149

141

55

195

314

268

370

150

104

168

181

55 j

198

421

325

<315

244

80

158

259

291

»172

2 102

»79

"217

279

»292

3 291

!

4

«302

496

3

i Crops in all countries here given are harvested beginning in September.
* From private sources.
3 Includes Ukraine: data from private sources.
« Refined sugar in terms of raw on the basis of 95 per cent of the raw.

WORLD PRODUCTION OF RICE.*
Country

World total.

New crop available..

India.
Apr.

Spain.

stated.
Apr.

Aug.

Sept.

Sept.

Japan.
Nov.

s£

p

Indies.

P'nes-

Dec

Dec.

Millions of pounds (cleaned).
Normal consumption (1919-1913)..
1909-1913.
1914
1915
1916
1917.
1918
1919
1920
1921
1922 latest estimates..
1923 latest estimates..

110,780
102,986
114,500
112,300
122,000
97,400
117,200
90,777
120,797

67,891

375

518

72,950
61,022
73,526
77,932
81,198
55,218
71,613
62,793
74,437

5.53
81
542
237
487
692
607
634
472

481
657
804
1,135
965
1,072
1,166
1,446
1,045

646
741
763
708
716
712
662
997
641

297
337
320
329
322
282
412
394
356

14,602
14,009
17,909
17,569
18,360
17,143
17,184
19,106
19,849
17,336

3,323
3,465
7,051
6,430
5,669

1,124
1,404
1,109
1,289
1,745
2,210
1,977
2,127
2,560

74,222

*33

1,166

»633

373

19,067

6,451

2,517

7,349
7,826

1
Java and Madura.
* Acreage about half of normal: Summer crop only given.
* 1922 acreage 296,500 compared with 286,400 acres in 1921.
* Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information received
by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.




54
IMPORTS INTO THE UNITED STATES.
(A)

INDEX NUMBERS AND (B) NUMERICAL DATA.
From Government sources.1
[Base year in bold-faced type.]

Total.
YEAR ANP MONTH.

1913 m o . average..

100

1914 m o . average..

100

Crude Foodstuffs Food- ManuManumafacin
facstuffs
terials crude
tures
tures
partly
for
Misfor
condiready
or
use
cellation
for
wholly further
in
neous.
use hi ; conand
manumanu- food
manu-\ sumpfacfacfac- I tion.
anitured. turlng.
turing. mals.

O n rip Food- i Foodstufls
mateVials i snt u f f s
#«». 11 «=«
crude partly or
in manu- condition wholly
facturin^ and food manufacturing. a n l m a l s # tactured.

Total.

Manufactures Manufor
Misfurther factures
ready j cellause in
for con- j neous.
manu- sumption.
facturing.

Relative to 1913.

Thousands of dollars.

A.—INDEX NUMBERS.

B.—NUMERICAL DATA.

100
99 i

100

100

100

100

100

106

129

81

99

118

1915 m o . average..

99

115

110

138

77

71

92

1916 mo. average..

133

167 ,

118

171

123

84

134

1917 m o . average..

165

209 |

175

177

159

94

120

1918 m o . average..

169

202 j

156

200

191

98

91

1919 m o . average..

218

277 ;

247

280

179

119

179

$149,3
!! $50,462
149,130
49,790
57,991
148,216
84,132
199,303
105,682
246,039

1920 m o . average..

295

290 |

261

625

236

212

213

1921 m o . average..

140

138

186

101

150

136

1922 mo. average..

174

141 I
192 I

149

196

162

161

127

252,609
325,367
439,950
209,085
259,379

January...
February..
March
April

140

125

156

194

114

149

120

208,814

130

146

148

230

102

130

145

214,525

169

161

160

313

110

162

197

251,989

170

164

188

308

113

155

96

254,571

May....
June
July....
August -

137

131

71

204,911

92

145

87

185,680

120

126

93

152

47

178,637

130

142

216
129
100
164

150

135

145
104
104
103

85

124

89

145

176

194,768

|

September

120

121

90

111

93

157

253

179,283

I

October

126

118

127

145

98

150

161

188,028

November

141

130

107

155

136

211,027

December

159

180

178

154

113

149

156

237,373

January..
February
March
April

145

164

149

158

107

145

87

217,195

144

160

121

168

120

144

99

215,743

171

172

156

218

151

174

146

256,178

145

138

140

197

131

148

81

217,073

May....
June
July....
August.

169

174

170

211

140

169

83

252, 817

174

181

142

226

164

170

66

260,391

169

173

150

144

70

252.128

219

122

233
257

171

188

171

162

158

281,413

$18,413
19,561
20,242
21,678
32,144

$16,518
21,378
22,770
28,226
29,287

$28,355
23,006
21,748
34,822
45,124

$34,401 $1,234
1,459
33,936
24,335 | 1,130
28,798 • 1,648
1,476
32,327

101,760
139,521
146,073
71,090
96,811

28,795
45,441
48,136
25,331
27,485

33,114
46,308
103,179
30,737
32,357

54,080
50, S60
66,835
2S, 669
45, 854

33,742
41,028
73,094
51,577
55,304

63,047
73, 673
81,417
82,535

28,740
27,334
29,454
34,528

32,017

32,339
28,940
31,257
31,976

51,187

65,868
68,085
63,760
71,525

26,717
19,143
19,215
18,522

60,813
59, 460
70,030
94,016

16,588
23,326
20,338
32,707

82,639
80,971
86,910
69,804

27, 498

25,900

22,370

27, 762

28,756

36,014

25,711

1,117
2,210
2,633
1,681
1,568

1921.
1,485

44,798

1,791

55,781

2,426

53,445

1,189

24,096
26,039
26,263
25,171

51,710

872
1,076
583
2,176

2C>, 324
27,707
30,398
32,083

53, 073
51, 665
53, 365
51, 171

3,118

40, 811
49, 375
59, 880
50, 820

1,075

32,482

30,272
34,041
42,820
37,252

31,264

34,785

39,595

26,170

37,346

46,471

27,596

38,511

48,398

22,489

42,405

48, 431

58,208
58,439
49,464
55,858

37,988
51,653
50,898
35,648
21,328
16,465
27,005
18, 46r>
23,883
26,20")
2o,473

50,009
52,351
49,879

1,987
1,682
1,924

1922.

September..
October
November..
December..

87,877
91,146
87,298
110,286

1,224
1,797
1,004

1,028
818
861
1,944

18,769

24,023

41,026

37,465

30,324

65,685

32,650

32,319

56,195

31,228

26,539

57,194

54,038
71,952
58,866
52,655

139,205

28,569
28,596

398,178

144,655

38,300

87

364,230

142,442

32,856

31,265
38,579
71,024
60,628

65,240
55,332
73,048
64,821

63,929
52,320
69,830
62,400

1,695

127,558

40

373,244

59,893

73,774

05,320

495

153

172

102

145

145

157

334

228,795

231

272

203

184

232

209

185

b45,083

195

219

177

196

198

171

95

291,906

196

246

170

161

202

153

142

293, 464

86,818
137, 378
110,705
124,091

January
| February...
March.
April..

221

276

155

230

186

137

329,903

203

253

155

234

195

152

83

303,413

267

287

208

430

258

203

107

244

282

178

367

229

181

May.....
June.....
July...,.
August.,

250

4,121
2,279
1,171
1,757

1923.

1

287

157

363

260

190

Data from U. S, Department of Commerce, Bureau of Foreign and Domestic Commerce,




144,924

28,839

1,029
1,322
1,073

55

EXPORTS FROM THE UNITED STATES.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
From Government sources.1
[Base year in bold-faced type.]

Manufac- i
tures I
for I c e l l a " i
con|neous.|
sump- i
tion.

j YEAR AND MONTH.

TotaI

«

Crude
materials
for use
in manufacturing.

Foodstuffs
in crude
condition
and food
animals.

ManuFood- factures Manufor
stuffs
Mispartly or further factures
cellaready
use in
wholly
for
conneous.
manu- manufactured. factur- sumption
ing.

Relative to 1913.

Thousands of dollars.

A.—INDEX NUMBERS.

B.—NUMERICAL DATA.

1913 mo. average..
1914 mo. average..
1915 mo. average..
1916 mo. average..

100

100

85

278

!

172,675

143

1,514

|

291,104

221

1,162

!

451,887

1917 m o . average. .

252

641

|i

513,934

1918 m o . average..

247

233

503,990

1919 m o . average..

317

160

645,818

1920 m o . average..

330

145

673,402

1921 m o . average..

179

97

1922 m o . average..

154

$204,024

$64,017
40,938
47,280
60,118
65,061

$14,121

$27,023

22,939

25,727

38,470

45,880

35,107

54,003

42,406

67,228

$65,120 | $676
27,949
39,641
76,022
109,835

53,243

| 1,877

109,584

j 10,238

218,780

; 7,857

225,066

|

4,337

i

313,766

79,432
134,178
155,902
81,997
81,780

45,620
56,530
76,498
57,687
38,196

642,363
473,693
369, 463
339,915

112,356
85,164
69,164
57, 459

75,452
60,748
52,712
50,105

322,468
329, 774
314,204
365,560

74,416
74,030
75,890
69,483

319,299
337,121
289,577
291,297

68,391
121,322
88,545
89,950

274,633
246,357
323,452
310,959

117,152
163,551
93,080
55,805
49,020

87,773
76,854
79,909
33,270
36,480

172,437
213,625
267,032
135,497
107,698

; 1,577
j 1,079
! 980
654
; 592

85,428

299,077
218,283
157,646
142,653

1,136

50,808

68,915
45,271
32,618
28,270

59,302
62,779
58, 522
105,871

47,991
52,639
57,929
66,607

49,948
26,873
26,095
25,064

90,560
113,168
95,495
98,042

251

67,869
40,205
30,052
28,737

62,936

91,296
08,323
95, .'38
98,370

512

38,282

28,295
28,129
33,260
35,145

72,838
55,895
73,001
79,511

31,054
43,019
27,799
45,164
34,507 | 58,899
31,174 I 47,372

35,143
32,193
43,632
37,969

91,810
84,684
112,765
113,876

307,569
327,198
296,651
296,272

64,374
70,219
60,024
47, 873

34,151
41,000
41,958
61, 340

50,369
55, 485
49,226
46,072

40,422
39,086
35,676
35,709

112,161
121,284
109,544
104,872

418

307, 457
366,177
374,544
339,352

66,619
133,703
144,329
113,350

55,142
40,798
33,615
25,764

43,231
47,919
51, 471
49,620

35,566
32,943
33,593
35,879

106,542
110,177
110,532
113,937

357

330,894
302,106
333,332
318,357

102,074
77,322
79,916
71,136

24,201
27,169
19,364
17,741

50,741
49,747
55,025
50,776

43,264
39, 406
45,877
49,987

109,722
107,775
132,361
128,241

316,649

53,302

25,997

49,130

50,090

130,848

364,911

!
j
!
'

1921.
January...
February..
March
April

315
232
181
167

168

May....
June
July....
August.

158

37

162

42

154

40

179

73

September
October
November
December

156

76

165

166

142

108

143

120

133
114
83

63,325
56,554

48,018
41,449

902
769
559

284
273
494

1,123
732
813

1922.
January —
February...
March
April
May

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

135

114

121

92

159

96

152

156

151
160 :
145
145 !

101
110
94
75

66
1S3
33
60

151

53

179

94

184

149

166

119

769
022
648
1,058

124
222
407

637
1,005
803

1923.
January..
February.
March
April

162

May....
June —
July....
August.

155

148
163
156

168 ; 132
166
102
203 ; 117
197 ! 70
45

\ Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.




891
688
788
476
302

57
SOURCES OF DATA.
DATE OF PUBLICATION.

I.—REPORTS PROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN.
AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS.
BANK OF JAPAN
BRITISH BOARD OF TRADE
CANADIAN DEPARTMENT OF LABOR..
CANADIAN DEPARTMENT OF
AND COMMERCE.

TRADE

FEDERAL FARM LOAN BOARD
FEDERAL RESERVE BANK OF ATLANTA.
FEDERAL RESERVE BANK OF BOSTON.
FEDERAL RESERVE BANK OF CHICAGO
FEDERAL
LAND.
FEDERAL
FEDERAL
CITY.
FEDERAL
YORK.

RESERVE BANK OF CLEVERESERVE BANK OF DALLAS. .
RESERVE BANK OF KANSAS
RESERVE

BANK

OF

NEW

FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BANK OF RICH^
MOND.
FEDERAL RESERVE BANK OF SAN
FRANCISCO.
FEDERAL RESERVE BOARD..

Price index for Australia

Federal Reserve Bulletin

Second week of month.

Prile index for Japan
Price index for United Kingdom
Price index for Canada
Employment in Canadian trade-unions
Operations of Canadian employment service...
Foreign trade of Canada.
Canadian railroad operations
Canadian iron and steel production
Agricultural loans by land banks
Wholesale trade
Savings deposits in First Fed. Res. Dist..
Savings deposits in Seventh Fed. Res. Dist-.
Agricultural pumps
Savings deposits in Fourth Fed. Res. Dist..

Federal Reserve Bulletin
British Board of Trade Journal
Labour Gazette (Canadian)
Employment
Employment
Foreign trade of Canada
Operating Revenues, etc., of Railways *

Second week of month.
Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.

Not published
Business Conditions..
Monthly Review
Business Conditions..
Business Conditions..
Business Review

Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Wholesale trade
Wholesale trade
Foreign exchange rates and index

Business Conditions..
Business Conditions..

Monthly.
Monthly.

Federal Reserve Bulletin and daily statement.*
Res. Dist.J Monthly Review
Res. Dist.. Business and Financial Conditions
Business and Financial Conditions
Res. Dist.. Business and Agricultural Conditions
Business and Agricultural Conditions
i
Res Dist.. Business Conditions
Business Conditions
Federal Reserve Bulletin
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin and weekly press
I Condition of Federal reserve banks.
releases.*
Federal Reserve Bulletin and weekly press
Condition of reporting member banks.
Savings deposits in Second Fed.
Savings deposits in Third Fed.
Wholesale trade
Savings deposits in Fifth Fed.
Wholesale trade
Savings deposits in Twelfth Fed.
Wholesale trade
Foreign exchange index numbers
Debits to individual accounts

j Money held outside U. S. Treasury and Fed- Federal Reserve Bulletin.
j eral reserve system to July 1,1922.
Federal Reserve Bulletin
i Wholesale price index numbers
i Department store trade: in cooperation with
Federal Reserve Bulletin
: National Retail Dry Goods Association.
I Index numbers of department store, mailFederal Reserve Bulletin
order, and chain store trade.
Barley and rye receipts
Federal Reserve Bulletin
Sales of loose leaf tobacco
Index of ocean freight rates
Federal Reserve Bulletin
Federal Reserve Bulletin
I Index numbers of production
Federal Reserve Bulletin
I Wholesale trade
Bulletin dela Statisque Generate...
LABOR AND Price index for France

FRENCH MINISTRY OF
SOCIAL WELFARE.
ILLINOIS DEPARTMENT OF LABOR
INDIAN DEPARTMENT OF STATISTICS. .
INTERSTATE COMMERCE COMMISSION.

MASSACHUSETTS
DEPARTMENT
OF
PUBLIC UTILITIES.
NEW YORK STATE DEPARTMENT OF
LABOR.
NEW YORK STATE DEPARTMENT OF
PUBLIC WORKS.
PANAMA CANAL
PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY.
U. S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY.
U. S. DEPARTMENT OF AGRICULTURE—
B U R E A U OF A G R I C U L T U R A L
ECONOMICS.

U. S. DEPARTMENT OF AGRICULTUREFOREST SERVICE.
U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS,

Employment in Illinois
Price index for India
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income
Milk receipts at Boston

j The Employment Bulletin
Federal Reserve Bulletin
Preliminary statement of operations of
Class I roads.
Not published
Not published
Not published
Not published

Daily and monthly.
Monthly.
Monthly
Monthly..
Monthly.
Monthly.
Monthly.
Monthly.
Monthly (second week of month).
Sunday newspapers and monthly.
Friday morning newspapers and
monthly.
Friday afternoon newspapers and
monthly.
Monthly.
Monthly.

| Monthly.
Monthly.
j Monthly.
I Monthly.
I Monthly.
Monthly.
Monthly.
Monthly.
Second week of month.
Monthly.

New York State factory employment and Labor Market Bulletin and press releases * Monthly.
earnings.
New York State canal traffic
j Annual report
j Yearly.
Panama Canal traffic
Unemployment in Pennsylvania
Beef, pork, and lamb production

The Panama Canal Record
; Semimonthly report *
! Market Reporter 2

i Last weekly Issue of month.
| Semimonthly.
Last weekly issue of month or first
of next month.
Monthly Crop Reporter 8
Monthly.
Prices of farm products to producer.
First weekly issue of month.
Market Reporter '
Wool stocks in dealers' hands
a
Monthly Crop Reporter and press Releases about 1st of month (cotton)
Crop production
and 10th ("other crops).
releases.*
Fourth weeKly issue of month.
Market Reporter»
i Cold-storage holdings and fish frozen
Third weekly issue of month.
Market Reporter *
I Movement of cattle, hogs, and sheep
Weekly.
Receipts of butter, cheese, eggs, and poultry.. Market Reporter»
Quarterly.
! Production of dairy products
Market Reporter a*
Third weekly issue of month.
Market Reporter
Car lot shipments of fruits and vegetables
Monthly.
Monthly Crop Reporter *
Farm labor, wages, supply, etc
Weekly.
World crop production
Foreign crops and markets *
Annually.
Market Reporter *
: Live stock on farms
Production of Lumber, Lath, and Shingles. Yearly.
Total lumber production from 1913 ta 1920
Pulp wood consumption and wood-pulp Yearly.
Wood pulp production, 1914 and 1916
production.
Semimonthly during season.
Preliminary report on ginnings *
Cotton ginned
Preliminary report on cotton consumed... 15th of montn.
Cotton consumed and on hand
Reports on wool machinery and on cotton 20th of month.
Active textile machinery
spindles.*
First week of month.
Leather, hides, and shoes, production and Census of hides, skins, and leather *
stocks.
Preliminary report on cottonseed
18th of month.
I Cottonseed and cottonseed oil
Press release *
•
I Hosiery statistics
Press release *
! Men's and boys' clothing
Press release *
Malleable castings
i Wheat flour production from May, 1923
j Press release *
i Pyroxylin coated textiles
I Press release *
! Stokers, sales from January, 1923
i Press release *

• Multigraphed or mimeographed sheets.
i 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 datw of the SURVEY
> Beginning Jan. 7,1922, combined into new publication called, Weather, Crops, and Markets, issued weekly.




58
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

DATE OF PUBLICATION.

I.-REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN-Continued.
U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS—Contd.

U. S. DEPARTMENT OF COMMERCEBUREAU OF FISHERIES.
U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC
COMMERCE.

U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION.
U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS.
U. S. GRAIN CORPORATION
U. S. DEPARTMENT OF THE INTERIORBUREAU OF MINES.
U.S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY.

U. S. DEPARTMENT OF THE INTERIOR—
U. S. PATENT OFFICE.
U.S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE.
U. S. DEPARTMENT OF LABOR—BUREAU OF IMMIGRATION.
U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS.

U. S. POST OFFICE DEPARTMENT
U. S. TREASURY DEPARTMENT
U. S. TREASURY
DEPARTMENTBUREAU OF THE MINT.
U. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE.
U. S. WAR DEPARTMENT—ENGINEER
CORPS.
U. S. WAR DEPARTMENT—MISSISSIPPI
WARRIOR SERVICE.
WAR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION. .

Stocks of tobacco held.
Wool consumption and stocks
Production indexes of raw mateiials and
manufactures.
Fats and oils, production, consumption, and
stocks.
Fabricated structural steel sales from April,
1922.
Automobile production from July, 1921
Sugar statistics
Steel castings sales
Steel furniture shipments
Earnings of public utilities
Plumbing goods price index
Fish catch at principalfishingports
All imports and exports

Statement on stocks of leaf tobacco..
Press release
Survey of Current Business..
Statistics of fats and oils *.
Press release *
Press release *
Press release *
Press release *
Press release *
Survey of Current Business.
Survey of Current Business.
Monthly statement

Monthly Summary of Foreign Commerce.
(Part I.) i
Tonnage of vessels, entered and cleared in Monthly Summary of Foreign Commerce.
United States foreign trade.
i (Part II.)
Data on trade, employment and coal and iron j Various foreign sources
production of foreign countries.
!
Wholesale price of wool
[ Wholesale Prices
Warehouse stocks of rice
| Monthly Summary of Foreign Commerce.
(Part II.)
Vessels under construction and vessels com- i Commerce Reports
pleted.
I
Building material price indices
i Not published
No longer published..
Wheatflourproduction, prior to July, 1920
Refined petroleum products, production, etc.. Refinery Statistics *..
Portland cement, production, etc
Report on Portland cement output *
Coal and coke production
Weekly report on production of coal *
Preliminary statistics on petroleum *
Crude petroleum, production, etc
Electric power production
Production of electric power *
Consumption of fuel by public utility plants. Production of electric power *
Annual figures on nonferrous metal produc- Mineral Resources
tion.
Patents granted
Not published..
Number on pay roll—United States factories., Industrial Survey *
Employment agency operations
Report of Activities of State and Municipal Employment Agencies.
Not published
Immigration and emigration statistics
Wholesale prices of commodities, including Wholesale Prices of Commodities..
farm products, food, clothing, metals, etc.
Monthly Labor Review
Wholesale price index
Monthly Labor Review
Retail price index of foods
Monthly Labor Review
Retail coal prices
Postal Savings News Bulletin
United States postal savings
Statement of Postal Receipts *
Postal receipts...
Daily
Statement of the U. S. Treasury...
vjuveiiXLucut
ueub,
icueipbo
auu
uiauuiae
Government debt, receipts and disbursements. Federal
Reserve Bulletin
Money in circulation from July 1,1922..
Not
published
Domestic receipts of gold at mint
Oleomargarine production
Not published
Consumption of manufactured tobacco, snuff, Statement of tax-paid products *
cigars, cigarettes, and oleomargarine.
Internal Revenue taxes on specified articles.. Classified collections of Internal Revenue.
Monthly statistical report
Iron ore movement
Monthly statistical report
Sault Ste. Marie Canal traffic
Not published
Barge traffic on Mississippi River
Agricultural loans
Not published in form used
Wisconsin factory earnings and employment. Bulletin on Wisconsin labor market *

Quarterly (one month after end of
quarter).
Quarterly*
Monthly.
Quarterly (one month after end of
quarter).
15th of month.
20th of month.
20th of month.
20th of month.
20th of month.
Monthly.
Monthly.
Last week of month.
Middle of next month.
Yearly.
Monthly.
First weekly issue of month (MOD
days).
Second week of month.
20th of month.
Second or third weekly issue of month
(Saturdays).
25th of month.
End of month.
End of month.
Annually.
First week of month.
Every 4 or 5 weeks.

Monthly.
Monthly.
Monthly.
12th of month.
7th of month.
Last day of month.
Monthly.
First week of month.
25th of month.
Monthly during season.
Monthly during season.
15th of month.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS.
(Excluding individualfirmsreporting data to be combined with other firms or trade associations.)
Construction trade papers.
Building costs
*
Not published
Sale of abrasive paper and cloth
Corn ground into starch, glucose, etc
Not published.
Copper production
Not published
Silver production
Not published
Zinc production in Belgium
Not published
Zinc stocks in United Kingdom
Not published
AMERICAN FACE BRICK ASSOCIATION.. Face brick production, stocks, etc
Not published
AMERICAN IRON AND STEEL INSTITUTE Steel ingot production
Press release to trade papers *
7th of month.
AMERICAN PETROLEUM INSTITUTE
Gasoline and Kerosene Consumption by Special statement
States.
AMERICAN PIG IRON ASSOCIATION
Merchant pig iron production, etc
Not published
AMERICAN
RAILWAY
ASSOCIATION Freight car surplus
Weekly.
Car Surplusages and Shortages *..
(Car Service Division).
Weekly.
Freight car shortage
, Car Surplusages and Shortages *..
Weekly.
Car ladings
Information Bulletin *
Third week of month.
Bad-order cars
Information Bulletin *
AMERICAN TELEPHONE AND TSLE- Stockholders in the company
Financial papers
Quarterly.
GRAPH Co.
AMERICAN WALNUT MANUFACTURERS' Walnut lumber and logs
, Not published.
ASSOCIATION.
AMERICAN WRITING PAPER COMPANY. Purchases and sales of paper
Not published
AMERICAN ZINC INSTITUTE
15th of month.
Production and stocks of zinc
Press release to trade papers *.
* Multigraphed or mimeographed sheets.
i Imports and exports of gold and silver in Part II.

ABERTHAW CONSTRUCTION CO
ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.
AMERICAN MANUFACTURERS ASSOCIATION OF PRODUCTION FROM CORN.
AMERICAN BUREAU OF METAL STATISTICS.




59
SOURCES OF DATA—Continued.
DATE OF PUBLICATION.

CUBBENT PUBLICATION.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
ANTHRACITE BUREAU OF INFORMATION
ASSOCIATION
OF LIFE
INSURANCE
PRESIDENTS.
BOSTON CHAMBER OF COMMERCE
BRIDGE BUILDERS AND STRUCTURAL
SOCIETY.
BUREAU OF RAILWAY ECONOMICS

CALIFORNIA REDWOOD ASSOCIATION...
CALIFORNIA WHITE AND SUGAR PINE
ASSOCIATION.
CHICAGO BOARD OF T R A D E .
CLEVELAND TRUST CO
CONTAINER CLUB
CREDIT CLEARING HOUSE
DAIRYMEN'S LEAGUE COOPERATIVE
ASSOCIATION, INC.
F. W. DODGE CO
,
EMPLOYERS' ASSOCIATION OF DETROIT.
ENAMELED SANITARY MANUFACTURERS
ASSOCIATION.
FEDERATION OF IRON AND STEEL

MANUFACTURERS (British).

|

FINE COTTON GOODS EXCHANGE
j
ILLUMINATING GLASSWARE GUILD
IOWA-NEBRASKA CANNERS' ASSOCIA- ;
TION.
i
JACKSONVILLE CHAMBER OF COMMERCE
KNIT
GOODS
MANUFACTURES
OF i
AMERICA.
j
LEATHER BELTING EXCHANGE
MAPLE FLOORING
MANUFACTURERS'
ASSOCIATION.
i
MCLEAN BUILDING REPORTS, LTD
;
MERCHANTS' EXCHANGE OF ST. LOUIS. .;
MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION.
I
MINNEAPOLIS CHAMBER OF COMMERCE . j
NATIONAL ALLIANCE OF CASE GOODS j
ASSOCIATION.
|
NATIONAL
ASSOCIATION
OF BRASS ;
MANUFACTURERS.
i
NATIONAL ASSOCIATION OF BUTTON \
MANUFACTURERS.
\
NATIONAL ASSOCIATION OF CHAIR MANUFACTURERS.
NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANUFACTURERS.
;
NATIONAL
ASSOCIATION
OF FARM !
EQUIPMENT MANUFACTURERS.
i
NATIONAL
ASSOCIATION
OF STEEL ;
FURNITURE MANUFACTURERS.
j
NATIONAL ASSOCIATION OF SHEET AND ;
T I N PLATE MANUFACTURERS.
|
NATIONAL
ASSOCIATION
OF
WOOL
MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF
COMMERCE.
NATIONAL BOTTLE MANUFACTURERS'
ASSOCIATION.
NATIONAL INDUSTRIAL CONFERENCE
BOARD.
NATIONAL PAVING BRICK MANUFACTURERS' ASSOCIATION.
NATIONAL RETAIL DRY GOODS ASSOCIATION.
NATIONAL WOOD CHEMICAL ASSOCIATION.
N E W ORLEANS BOARD OF TRADE
N E W ORLEANS COTTON EXCHANGE
NEWS PRINT SERVICE BUREAU
N E W YORK COFFEE AND SUGAR E X CHANGE.
N E W YORK METAL EXCHANGE
N E W YORK TRUST COMPANY
NORTH CAROLINA PINE ASSOCIATION..
NORTHERN HEMLOCK AND HARDWOOD
MANUFACTURERS' ASSOCIATION.
NORTHERN PINE
MANUFACTURERS'
ASSOCIATION.
OAK FLOORING MANUFACTURERS' A S SOCIATION.
OHIO FOUNDRYMEN'S ASSOCIATION...
OPTICAL MANUFACTURERS'
ASSOCIATION.
PENNSYLVANIA RAILROAD CO
PENSACOLA CHAMBER OF COMMERCE..
PHILADELPHIA MILK EXCHANGE
PORTLAND CEMENT ASSOCIATION
PULLMAN COMPANY
REFRACTORIES MANUFACTURERS' A S SOCIATION.
RICE MILLERS' ASSOCIATION
ROPE PAPER SACK MANUFACTURERS'
ASSOCIATION.

Anthracite shipments and stocks..
New life insurance business

Statement of anthracite shipments *
Not published

Receipts cf wool at Boston
!
Fabricated structural steel sales before April, !
1924.
i
Number of tons carried 1 mile
I
Average receipts per ton-mile
Passengers carried 1 mile
!
Railway employment
j
Locomotives in bad order
Per cent of earnings on valuation
Redwood lumber production, etc
Sugar pine lumber production, etc

Trade papers
No longer published..
Summary of operating statistics.
Not published
Summary of operating statistics.
Not published
Not published
Not published
Not published
Not published

Wheat, corn and oats, receipts, etc
Automobile production, monthly January, \
1920, to June, 1921.
Production of paper box board
Credit conditions
Milk deliveries to milk plants
|

Trade papers
Not published currently..
Not published.
Credit,..
Not published

Building statistics—Contracts awarded.
Detroit factory employment
Enameled sanitary ware

Statement on Building Statistics.
Weekly press release
,
Not published
,

British iron and steel production

j Daily.
! Monthly.
I Monthly.

Daily.

| Weekly.
Monthly.

Second week of month.

| Trade papers..

Trade papers
Fine cotton goods production and sales
Illuminating glassware production, orders, etc. Not published....
Canned corn stocks and sales
Weekly report*..

Monthly report (not published)
Not published
Canadian Building Review
Receipts and shipments at St. Louis
Not published
Not published

I
Monthly.
, j 3d of month.

Monthly statements
Not published in form used.

Brass stopcocks, orders and shipments

Not published

Button stocks, activity, etc

Weekly.

Weekly report

Chair shipments and unfilled orders

Not published In form used.

Production of paper-box board

Not published
Business conditions
Reserve).
Not published

Agricultural pumps
Steel furniture shipments

(Chicago

Federal

Monthly.

Not published

Sheet-metal production and stocks
1913 figures for active textile machinery

Weekly.
Weekly.
Monthly.

Naval Stores Review..
Monthly report *

Turpentine and rosin receipts
Knit underwear production, etc
Sales of leather belting
Maple flooring production, etc
Canadian building contracts
Receipts and shipments of lead and zinc
Mississippi River traffic
Hardwood and softwood lumber, production
and shipments.
Linseed oil and oil-cake shipments
Unfilled orders and shipments of furniture

, No longer published..

Production and shipments of passenger cars
and trucks.
Glass bottle production index

Traffic bulletin * (production figures not
published).
Not published

Second week of month.

Cost of living

Monthly press release

21st of month.

Paving-brick production, etc

Monthly report

Department store trade {see Federal Reserve
Board).
Production of wood alcohol and acetate of lime

N ot published

Rice distribution through New Orleans..
Cotton receipts into sight
Canadian newsprint production, etc
Coffee receipts, stocks, etc

Monthly
Monthly
Monthly
Monthly

Stocks of tin
Indexes of stock and bond prices
North Carolina pine, production, etc
Hemlock and hardwood lumber production,
etc.
Northern pine lumber and lath

Trade papers
The Index
Not published
Not published

Oak flooring, production, etc

Not published

Ohio foundry iron production
Spectacle frames and mountings, sales, etc
Stockholders in the company
Turpentine and rosin receipts
Milk receipts at Philadelphia
Cement paving contracts
Pullman passenger traffic
Fire-clay brick production, etc
Silica brick production, etc
Rice receipts, stocks, etc
Shipments of rope paper sacks

Monthly report * (not published)
NotpubUshed
Financial papers
Naval Stores Review
Not published
Concrete Highway Magazine
NotpubUshed
Not pubUshed
N ot pubUshed
Monthly report
NotpubUshed

• Multigraphed or mimeographed sheets.




15th of month.

Federal Reserve Bulletin..
report
report
bulletin....
statement..

Monthly.
First week of month.
First week of month.
First week of month.
First week of month.
Monthly.

NotpubUshed

Quarterly.
Weekly.
Monthly.

(50
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

DATE OF PUBLICATION.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
RUBBER ASSOCIATION OF AMERICA
SANITARY POTTERS' ASSOCIATION
SAVANNAH BOARD OF TRADE
SAVINGS BANKS ASSOCIATION OF STATE

Automobile tires, tubes, and raw material
Sanitary potters orders
Turpentine and rosin receipts
Savings banks deposits in Now York State

Monthly reports (not published)
Not published
Naval Stores Review
Not published

Raw silk consumption, etc
Furniture shipments and unfilled orders

Monthly press release to trade papers *
Not published in form used

Weekly.

OF N E W YORK.

SILK ASSOCIATION OF AMERICA
SOUTHERN FURNITURE MANUFAC-

othofmonth.

TURERS' ASSOCIATION.

SOUTHERN PINE ASSOCIATION
Yellow pine production and stocks
STEEL BARREL MANUFACTURERS' AS- Steel barrel shipments

Not published in form used
Monthly reports* (not published)

SOCIATIOX.

STEEL FOUNDERS' SOCIETY
STOKER MANUFACTURERS' ASSOCIATION.

Sales of steel castings
Sales of stokers through December, 1922

Not published
No longer published

Sales of fabricated structural steel
Leather production through May, 1922
Tubular plumbing sales
*

Not published
Not published
Semiweekly reports

'

STRUCTURAL STEEL SOCIETY
TANNERS' COUNCIL
TUBULAR PLUMBING GOODS ASSOCIATION.
TWIN CITY MILK PRODUCERS' ASSOCIATION.

:

Milk production, Minnesota

Not published

UNITED TYPOTHETAE OF AMERICA

Unfilled orders
Earnings
Stockholders
Wages of common labor
Printing activity

Pressrelease*
Press release *
Financial papers
Special reports *
Typothetae Bulletin

\VEST COAST LUMBERMEN'S ASSOCIA-

Douglas fir lumber production, etc

Not published

U. S. STEEL CORPORATION

10th of month.
Monthly.
Quarterly.
Occasionally.
Monthly.

TION.

WEBBING

MANUFACTURERS'

E X - Sales of elastic webbing

Notpublished

CHANGE.

WESTERN

i

PINE

MANUFACTURERS'

Western pine lumber production, etc

Notpublished

:

ASSOCIATION.

DATE OF PUBLICATION.

in.—REPORTS FROM TECHNICAL PERIODICALS.
AMERICAN METAL MARKET..
T H E ANNALIST
T H E BOND B U Y E R .
BRADSTREET'3

BULLETIN DE LA STATISTIQUE GENERALE
CHEMICAL AND METALLURGICAL ENGINEERING.
COAL AGE
COMMERCIAL AND FINANCIAL CHRONICLE

Dow, JONES & Co. (WALL STREET JOURNAL).
DUN'S R E V I E W .
F.LECTRICAL WORLD
ENGINEERING AND MINING JOURNAL-PRESS
ENGINEERING NEWS RECORD.
FINANCIAL POST
FRANKFURTER ZEITUNG
HAY TRADE JOURNAL
IRON AGE
IRON TRADE REVIEW
LONDON ECONOMIST
LUMBER
MANUFACTURERS' RECORD
MILK REPORTER
MODERN MILLER
NAVAL STORES REVIEW
NEUE ZURICHER ZEITUNG
N E W YORK JOURNAL OF COMMERCE

N E W YORK EVENING POST
NORTHWESTERN MILLER
OIL, PAINT, AND DRUG R E P O R T E R . . .
OIL TRADE JOURNAL
PRINTERS' I N K
PUBLISHERS' WEEKLY
RUSSELL'S COMMERCIAL NEWS
STATISTICAL SUGAR TRADE JOURNAL,
SVENSK HANDELSTIDNING

...; Composite pig iron and steel prices
. . . New York stock sales
New York closing stock prices
Foreign exchange rates, 1914 to 1918
. . . State and municipal bond issues
Municipalbond yields
Visible supply of wheat and corn
Bank clearings, United States and Canada
Price index
Business failures, Canada
Fall River mill dividends
Price index for France
Chemical price index
Mine price of bituminous coal
Cotton (visible supply)
Interest rates
Mail order and chain store sales
New corporate securities
. . . . New York bond sales
New York bond prices
Mexican petroleum shipments
Business failures
Price index
Sales of electrical energy
Rand gold production!.'
Silver prices
. . . . Construction cost and volume index
Canadian bond issues
Price index for Germany
Hay receipts
. . . . Pis-iron production
Composite finished steel price
Iron and steel prices
Railway freight car orders
Price index for United Kingdom
Price indices of lumber
Southern construction
Southern bond issues
. . . . Milk receipts at Greater New York
Argentine visible supply of wheat and corn
Turpentine and rosin, receipts and stocks
Price index for Switzerland
Dividend and interest payments
New capital issues
New corporations
Fire losses
Newspaper advertising
. . . . Flaxseed, receipts, etc
Argentine grain shipments
Wheat Hour production for 1917
. . . . Price indices of drugs, oils, etc
Argentine shipments and supply of flaxseed
Mexican petroleum shipments
Magazine advertising
Book production
Wheat flour production, from July, 1920
Sugar stocks, receipts, meltings, and Cuban statistics
Price index for Sweden

* Multigraphed or mimeographed.




O

i First or second week of month (daily).
First weekly issue of month (Mondays).
Weekly (Mondays).
Weekly (Mondays).
First weekly issue of month (Saturadys).
First weekly issue of month (Saturdays).
Weekly (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Quarterly.
Monthly.
Weekly (Wednesdays).
Weekly (Thursdays).
Weekly (Saturdays).
Weekly (Saturdays).
Second or third weekly issue of month (Saturdays)
Last issue of month.
First week of month (daily).
First week of month (daily).
j 20th of month (daily).
First weekly issue of month (Saturdays).
First weekly issue or month (Saturdays).
Monthly.
Second weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
First weekly issue of month.
Weekly (Thursdays).
Monthly.
Weekly (Fridays).
First weekly issue of month (Thursdays).
Weekly (Thursdays).
Weekly (Thursdays).
First weekly issue of month (Thursdays).
10th of month.
First weekly issue of month (Fridays).
Monthly.
Monthly.
Weekly.
Weekly.
Weekly (Saturdays).
First week of month (daily).
First week of month (daily).
First week of month (daily).
10th of month (daily).
Not published.
Weekly (Wednesdays).
Weekly (Wednesdays).
Weekly (Mondays).
Weekly (Mondays).
10th of month (monthly).
Second week of month.
Third week of month.
Weekly compilation (daily).
! Weekly (Fridays).
!