Full text of Survey of Current Business : July 1924
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS JULY, 1924 No. 35 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS In addition to figures given from Government sources, there are also incorporated for completeness of service the figures from other sources generally accepted by the trades9 the authority and responsibility for which are noted in the text Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents, quarterly issues, 20 cents. Foreign subscriptions, $2.25; single copies, (monthly issues) including postage, 14 cents, quarterly issues, 20 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the Survey, $5.50 a year. Make remittances only to Superintendent of Documents, Washington, D. C , by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted WASHINGTON : GOVERNMENT PRINTING OFFICE : 1924 INTRODUCTION The SURVEY OF CURRENT BUSINESS is designed to present each month a picture of the business situation by setting forth the principal facts regarding the various lines of trade and industry. At quarterly intervals detailed tables are published giving, for each item, monthly figures for the past two years and yearly comparisons, where available, back to 1913. In the intervening months the more important comparisons only are given in the table entitled "Trend of business movements" (p. 35), In the quarterly numbers (see issue for May, 1924, No. 33) blank lines covering the next three months have been left at the bottom of each detailed table which will enable those who care to do so to enter new figures as soon as they appear. ADVANCE SHEETS Realizing that current statistics are highly perishable and that to be of use they must reach the business man at the earliest possible moment, the department has arranged to distribute advance leaflets almost every week, whenever sufficient material is available, to those subscribers who request them. The leaflets are usually mailed on Wednesdays, and give such information as has been received during the preceding week. The information contained in these leaflets is also published in " Commerce Reports," issued weekly by the Bureau of Foreign and Domestic Commerce. The complete bulletin is distributed as quickly as it can be completed and printed. BASIC DATA The figures reported in the accompanying tables are very largely those already in existence. The chief function of the department is to bring together these data which, if available at all, are scattered in hundreds of different publications. A portion of these data are collected by Government departments, other figures are compiled by technical journals, and still others are reported by trade associations. INDEX NUMBERS To facilitate comparison between different items and render the trend of a movement more apparent, index or relative numbers have been calculated. The index inumbers enable the reader to see at a glance the general mpward or downward tendency of a movement which can not so easily be grasped from the actual figures. In computing these index numbers the last pre-war year, 1913, or in some instances a five-year average, 1909-1913, has been used as a base equal to 100 wherever possible. In many instances comparable figures for the pre-war years are not available, and in such cases the year 1919 has usually been taken as the base. For some industries 1919 can not be regarded as a proper base, due to extraordinary conditions in the industry, and some more representative period has been chosen. In a few cases other base periods are used for special reasons. In all cases the base period is clearly indicated. The index numbers are computed by allowing the monthly average for the base year or period to equal 100. If the movement for a current month is greater than the base, the index number will be greater than 100, and vice versa. The difference between 100 and the index number will give at once the per cent increase or decrease compared with the base period. Thus an index number of 115 means an increase of 15 per cent over the base period, while an index number of 80 means a decrease of 20 per cent from the base. Index numbers may also be used to calculate the approximate percentage increase or decrease in a movement from one period to the next. Thus if an index number at one month is 120 and for a later month it is 144 there has been an increase of 20 per cent. BUSINESS INDICATORS The diagrams on page 2 have been prepared to facilitate comparisons between a few of the more important business movements. The lines are plotted on what are known as ratio charts (logarithmic scale). These charts show the percentage increase and allow direct comparisons between the slope of one curve and that of any other curve regardless of its location on the diagram; that is, a 10 per cent increase in an item is given the same vertical movement whether its curve is near the bottom or near the top of the chart. The difference between this and the ordinary form of a chart can be made clear by an example. If a certain item, having an index number of 400 in one month, increases 10 per cent in the following month, its index number will be 440, and on an ordinary chart would be plotted 40 equidistant scale points higher than the preceding month. Another movement with an index number of, say, 50, also increases 10 per cent, making its index number 55. On the ordinary (arithmetic) scale this item would rise only 5 equidistant points, whereas the previous item rose 40 points, yet each showed the same percentage increase. The ratio charts avoid this difficulty and give to each of the two movements exactly the same vertical rise, and hence the slopes of the two lines are directly comparable. The ratio charts compare percentage changes, while the arithmetic charts compare absolute changes. This issue presents practically complete data for the month of May and also, on page 29, items covering June received up to July 14. As most data covering a particular month's business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's operations, including index numbers, cumulative totals, text, and charts, can not be presented in printed form under 45 days after its close, but the advance leaflets described above give considerable information as early as 15 days after its close and present almost every week the latest data available. Summary for June based upon early items is given on page 29. 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 : BUREAU OF STANDARDS JULY No. 35 1924 CONTENTS. Paw Page .Summary for May Business indicators (diagrams and tables) Comparison of wholesale prices (diagram and table) Comparison of wholesale and retail food prices (diagram) _ Course of business in May Cotton stocks: Northern and southern mills and warehouses (diagram) Pig-iron production and unfilled steel orders (diagram) _._ Trend of commodity stocks, by major groups (diagrams) _„ Factory employment, by major industrial groups (diagrams) Comparison of wholesale prices of raw products, producers' goods, and consumers' goods (diagram) •Summary for June and early June data ., _ i Indexes of business (production, prices, sales, etc.) Trend of business movements: Textiles Metals Fuels Automobiles and rubber Hides and leather Paper and printing 1 2 4 6 7 10 11 22 23 27 29 31 35 37 38 39 40 40 Trend of business movements—Continued. Buttons Glass and optical goods _Building construction __ Chemicals, naval stores, and fats and oils. Foodstuffs Tobacco Transportation. _ Public utilities and employment Distribution movement Banking and finance Foreign exchange and trade Trade and industry of foreign countries-.. Detailed tables: ExplosivesRailway equipment., Enameled eled sanitary wa ware. Debits to individual accountsMiscellaneous data World production of principal crops. Sources of data ._ 41 41 41 43 44 46 46 47 47 48 50 51 52 54 56 58 61 62 64 SUMMARY FOR MAY (See note at bottom of opposite cover page. Summary for June bated on early items given on p* 29.) Industrial activity in May was generally less than in the previous month or a year ago. Decreases in manufacturing output from April and a year ago were registered in the production of iron and steel, automobiles, tires, shoes, maple flooring* silica and clay fire brick, and in the mill consumption of cotton, "wool, and tin. Production increases over both periods occurred in zinc, face brick, oak flooring, Portland cement, cigarettes, and silk consumption, while increases over April alone were registered in the production of railway locomotives, prepared roofing, lumber, coke, refined sugar, manufactured tobacco and C1 gars. Mineral output in May registered decreases trom a year ago in coal, petroleum, and silver, each of these minerals showing increased output, however, over April, while the mine output of zinc in May was larger than in April and a year ago, and copper, although smaller than in April, was larger than a year a go. Unfilled steel orders at the end of May were lower than on April 30. Sales at retail by mail-order houses declined in May mf ^ P r ^ an<* a year ago, while sales of 10-cent chains, although larger than a year ago, registered a decline from April. Wholesale prices and the cost of living continued to decline in May, while retail food prices remained unchanged. Business failures were more numerous, while defaulted liabilities of failing firms were smaller than in either the previous month or a year ago. Average prices of 25 industrial stocks were slightly lower than in April, while bond prices rose and interest rates averaged lower. Check transactions were larger in New York City than in April or a year ago, while for the rest of the country they were smaller than in either of these periods. The Federal reserve ratio averaged higher, while the rediscount rate of the New York and Boston Federal Reserve Banks were lowered. Weekly car loadings in May averaged higher than in April but were less than a year ago, while the net available freight-car surplus continued to increase. Imports into the United States declined in May from the previous month and a year ago, while exports, although larger than in May, 1923, were smaller than April. The general index of foreign exchange m averaged lower in May. BUSINESS INDICATORS: 1920-1924 (1913 monthly averages-100. PIG-IR0N Aftft See explanation on inside front cover. Except for "net freight ton-miles " latest month plotted is May, 1924.) COPPER UNFILLED STEEL ORDERS PRODUCTION PRODUCTION 300 200 100 t •$L—_ 80 60 _*SSl / \ -v— ~A 1 w 1 1 // \J 40 V 20 10 300 200 til w 100 BO 60 ^ "\ = rf 40 — h COTTON CONSUMPTION BITUMINOUS COAL ('RODUCTtON 20 NET FREIGHT TON-MILES 8 g{ EXPORTS ( VALUE* i Ann BANK CLEARiNGS-ooTsIDC NC WYORK Ciri f DEFAULTED UABILITIES (VALUE*) 1 Iw/ -k 1 r 8 INDEX in 80 60 40 I 20 10 SALES, MAIL-ORDER HOUSES <vAiuet> WHOLESALE PRICES 10 1920 1921 1922 1923 1924 1920 1921 1922 1923 1924 PRICE OF 25 INDUSTRIAL STOCKS 1920 1921 I922~I923I924 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. Where available at the time of going to press, July 14, June indicators have here been included, thus bringing this table up to date. It should be noted that the charts on page 2 show May data as the latest plotted. 1924 1928 MONTHLY AVERAGE COMMODITY 1920 1921 1022 1023 Apr. May June July Aug. Sept. Oct. Nor. Dec, Jan. Fob. Mar. Apr. May June 1913 monthly average-100 Production: Pig iron Steel ingots Copper... Cement (shipments).. Anthracite coal.. Bituminous coal Electric energy (gross revenue sales) Crude petroleum..... Cotton (consumption) Beef. Pork „ Unfilled orders: U. S. Steel Corp Stocks: Crude petroleum Cotton (total) Prices:* Wholesale Index.. Retail food Retail coal, bitum Farm crops Farm livestock Business finances: Defaulted liabilities. _ Price 25 ind. stocks... Price 25 R. R. stocks.. Banking: Clearings, N. Y. City. Clearings, outside Com'l paper int. rate.. Distribution: Imports (value) Exports (value) Sales, mail-order.. Transportation: Freight, net ton-miles.^ 79 81 131 70 104 127 120 161 129 80 100 115 135 166 123 122 106 100 126 132 129 173 89 74 102 104 128 197 102 78 433 273 124 133 203 472 268 109 111 175 454 283 104 111 159 287 103 116 143 297 89 135 182 466 284 99 120 203 79 74 75 31 83 81 71 61 302 95 310 149 318 169 321 167 321 149 323 132 327 113 331 92 335 74 59 154 149 184 138 109 153 150 186 139 103 152 J61 185 137 97 151 150 183 137 94 151 149 180 140 97 162 147 180 141 93 150 144 175 133 100 143 141 163 140 102 147 141 163 139 103 145 142 163 142 102 160 177 63 126 348 175 69 217 177 69 225 193 70 226 187 70 73 153 192 73 423 139 74 214 183 75 160 133 75 145 187 78 211 268 89 187 254 92 191 254 93 225 296 93 229 277 92 247 301 90 262 292 85 256 87 249 230 83 253 278 84 263 275 77 253 266 71 192 146 199 184 150 193 170 231 206 193 835 195 194 309 193 206 318 193 191 271 223 177 270 215 164 279 217 163 300 204 181 243 260 214 155 221 185 143 239 145 141 148 144 154 140 122 126 132 133 117 124 139 113 114 144 140 124 186 109 113 1S5 146 129 203 116 123 122 133 122 185 33 116 123 142 129 193 114 123 381 299 133 129 153 381 301 116 122 156 875 315 99 119 146 379 313 106 133 134 393 312 104 129 115 420 323 116 151 148 452 313 123 113 108 100 92 85 285 125 264 125 271 104 281 83 290 66 296 64 149 142 183 113 111 154 146 190 136 103 159 143 192 139 107 156 143 186 140 165 153 144 185 139 100 151 147 185 136 102, 150 146 183 136 102 229 133 64 228 169 225 195 76 180 75 197 185 72 186 73 126 182 73 157 176 70 257 275 134 205 212 118 230 231 80 226 264 90 228 274 93 244 285 93 237 280 88 294 331 264 140 131 188 177 154 204 212 168 259 244 Ifi7 272 249 IS7 105 115 139 140 120 135 09 108 93 1X0 54 64 39 107 99 87 87 114 81 131 58 85 130 144 121 153 1<H 114 139 157 116 175 106 107 151 167 123 193 112 116 144 149 123 180 283 178 105 121 111 312 189 97 109 116 349 224 109 -121 129 407 292 117 125 159 394 283 124 119 153 170 90 96 102 127 155 152 193 234 153 226 203 207 238 163 147 153 197 109 107 103 184 67 153 114 184 124 125 139 102 108 114 131 114 113 127 87 105 100 118 144 203 75 1919 monthly average-1OO Production: Lumber" Bldg. contracts Stocks: Beef. Pork 100 72 85 69 114 102 126 106 130 138 136 129 137 99 127 90 138 85 131 137 116 132 111 103 102 113 107 125 103 129 147 131 136 131 124 66 98 42 83 29 70 32 91 27 108 24 112 19 110 19 95 20 74 27 39 67 45 43 111 41 103 39 110 109 23 111 86 87 107 104 103 104 104 103 104 103 102 103 103 105 104 105 105 106 108 114 91 97 107 107 116 111 104 99 113 106 116 111 100 109 103 106 104 132 97 91 122 122 144 154 39 146 152 33 145 153 38 146 152 40 146 153 146 156 46 146 152 41 146 152 44 143 146 27 149 162 27 147 161 25 147 161 23 147 163 22 147 165 13 149 165 Businessfinances: Bond prices (40 issues) Banking: Debits outside N. Y. City Federal ReserveBills discounted.. Total reserves Ratio 87 42 146 : 154 45 145 152 82 103 ! ? k t ha*"* retail Prices i r o m D e p a r t m e n t of Labor averaged for t h e m o n t h ; farm prices from D e p a r t m e n t of Agriculture as of t h e 15th of t h e m o n t h . . . . . e S m l o t a l i m p u t e d production reported b y 5 a s s o c i a t i o n . Included southern pine, Douglas fir, western pine, N o r t h C a r o l m a p m e . a n d M l c h l g a n h a r d t ? !¥ t o t a l P r o d u c t i o n of these associations In 1919 w a s equal t o 11,190,000,000 board feet, compared w i t h a total l u m b e r production tor the country of d feet reported b y t h e census. COMPARISON OF MAY WHOLESALE PRICES WITH PEAK AND PRE-WAR (Relative prices 1913-100. April prices latest plotted.) I N D E X NUMBERS 200 300 400 500 600 • FARM PRODUCTS. AVERAGE PRICE TO PRODUCER WHEAT CORN POTATOES COTTON COTTON SEED CATTLE. BEEF HOGS LAMBS WHEAT. SPRING WHEAT. WINTER CORN. NO-2 OATS BARLEY RYE NO.2 TOBACCO. BURLEY COTTON WOOL \ GREASE (BOSTON) CATTLE STEERS HOGS. HEAVY SHEEP. EWES SHEEP. LAMBS FLOUR. SPRING FLOUR. WINTER SUGAR. RAW SUGAR. GRANULATED COTTONSEED OIL BEEF..CARCASS BEEF. STEER ROUNDS HAMS. SMOKED (CHICAGO) COTTON YARN COTTON. PRINT CLOTH COTTON. SHEETING WORSTED YARN WOMEN'S DRESS GOODS' SUITINGS SILK. RAW HIDES. PACKER'S HIDES. CALFSKINS LEATHER. CHROME (BOSTON) LEATHER. SOLE OAK SOOTS AND SHOES (BOSTON) BOOTS AND SHOES (ST. LOUIS) | •COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG IRON. FOUNDRY PIG IRON. BASIC STEEL BILLETS. BESSEMER COPPER . PRICE LEAD I PRICE IN TIN ZINC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON (NEW YORK) CEMENT STEEL BEAMS RUBBER, CRUDE SULPHURIC ACID '//////////////////A MAY 700 WHOLESALE PRICE COMPARISONS—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS riMS Because of their availability at the time of going to press, July 14, the Jnne price data have here been Included, thus bringing this table up K to date. should be noted that the chart on page 4 shows May prices only. COMMODITIES Date and maximum relative price March. 1934 April, 1924 May, 1934 June, 1934 Relative price Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, basic, valley furnace : Steel billets. Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) ^ a d . Pig, desilvered, for early delivery (New York) 1. Jin. Pig, for early delivery (New York) Zinc, slab, western, early delivery (New York) iding m a t e r I a l s a n d m l s c e U a n e o u s s number, pine, southern, yellow flooring, 1 x 4, " B " and better (Hattlesb urg district) Lumber, Douglas fir, No l, common, s 1 s, 1 x 8 x 10 (Washington) £nck, common red, domestic building (New York) ^ m e n t , Portland, net without bags to trade, f.o.b. plant (Chicago dist.).— «eel beams, mill (Pittsburgh) "sober, Para Island, fine (New York) auiphuric acid, 66° (New York) June, 1020 Per cent Increase dercease In June from May (1913 a v e r a g e - 1OO) F a r m products—Average price t o p r o d u c e r s : Wheat Corn Potatoes Cotton Cottonseed.. Cattle, beefHogs. Lambs F a r m p r o d u c t s — M a r k e t price: Wheat, No. 1, northern, spring (Chicago)-. J ._ 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, i blood combing, Ohio and Pennsylvania fleeces (Boston) Cattle, steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) Sheep, ewes (Chicago) Sheep, lambs (Chicago) Food: Flour, standard patents (Minneapolis) Flour, winter straights (Kansas City) Sugar, 96° centrifugal (New York) Sugar, granulated, In barrels (New York) Cottonseed oil, prime summer yellow (New York) Beef, fresh carcass good native steers (Chicago) Beef, fresh steer rounds N o . 2 (Chicago) Pork, smoked hams (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) Cotton, sheeting, brown, 4/4 Ware Shoals L. I#. (New York) Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, storm serge, all-wool, dbl. warp, 60 in. (N. Y.) Suitings, wool, dyed blue,55-56Inches, 16-ounce Middlesex (New Y o r k ) - . Silk, raw Japanese, Kansai No. 1 (New York) Hides, green salted, packer's, heavy native steers (Chicago) , Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather, chrome calf, dull or bright " B " grades (Boston) leather, sole, oak, scoured backs, heavy (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) Boots and shoes, men's dress welt tan calf (St. Louis) Fuels: Coal, bituminous, mine run lump, Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) Coke, Connellsville (range of prompt and future) furnace—at ovens Petroleum, crude, Kansas-Oklahoma—at wells r 1920 1920 1920 1920 1919 1919 1920 326 300 706 312 321 183 256 239 125 125 147 231 190 95 88 184 121 127 153 239 185 99 89 186 122 127 153 234 186 101 89 187 124 131 1C9 232 183 98 87 184 +1.6 +3.1 +10.5 -0.9 -1.6 -3.0 -2.2 -1.6 May, 1520 May, 1920 Sept., 1917 June, 1920 Mar., 1918 Mar., 1918 Mar., 1919 Apr., 1920 Apr., 1918 Mar., 1919 July, 1919 Apr., 1918 Feb., 1920 354 302 331 296 325 451 352 331 308 218 266 319 263 128 110 127 128 120 108 212 223 216 118 88 213 202 124 105 126 130 128 104 212 234 212 127 89 212 205 129 108 126 130 122 106 212 247 196 121 89 141 182 138 114 134 133 124 115 192 235 176 113 87 103 189 +7.0 +5.6 +6.3 +2.3 +1.6 +8.5 May, May, May, May, July, Sept., July, July, 1920 1917 1920 1920 1919 1920 1920 1919 328 363 598 526 139 138 182 186 139 131 118 114 145 142 161 170 135 131 129 117 150 145 145 152 144 129 134 118 +3.4 +2.1 -9.9 -10.6 +6.7 201 211 231 137 139 197 199 135 131 115 114 May, Apr., May, Jan., Oct., July, Jan., Aug., Aug., Nov., Aug, Mar.. Aug., 1920 1920 1920 1920 1918 1920 1920 1919 1919 1919 1919 1920 1919 348 478 427 2S9 292 291 466 283 490 473 230 308 292 195 192 196 212 184 239 171 76 100 171 103 201 153 192 192 180 212 184 239 155 66 85 171 103 201 153 192 192 177 212 184 239 132 65 88 171 103 201 153 191 198 176 206 184 233 137 6S 91 160 95 201 153 -0.5 +3.1 -0.6 -2.8 0.0 -2.5 +3.8 Sept., Nov., Aug., Mar., 1922 1923 1920 1920 336 216 637 375 154 216 171 179 154 207 155 187 154 208 140 186 154 210 132 166 0.0 +1.0 -5.7 -10.8 July, Sept., July, Mar., June, May, June, 1917 1920 1917 1917 1917 1918 1915 346 330 388 230 261 224 3S6 155 149 155 87 211 123 118 147 147 155 84 188 111 112 141 139 149 81 166 98 106 134 134 147 79 161 95 106 Feb., Jan., Feb., Sept., June, Jan., Feb., 1920 1920 1920 1920 1917 1913 1916 455 407 381 105 331 124 250 191 201 305 173 166 21 70 189 190 305 173 162 21 70 181 190 305 173 172 179 305 173 151 20 70 July, June, July, May, May, July, Apr., 374. 157 21 70 It -9.4 -4.9 -10,2 -6.6 -2.2 -27.0 +3.8 -l.fi +3.9 +0.9 +4.6 +3.4 -6.4 -7.8 0.0 0.0 -5.0 -3.6 -1.3 -2.5 -3.0 -3.1 0.0 -5.0 -5.8 0.0 0.0 -3.8 0.0 COMPARISON OF 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) 1916 . J M M 1917 J N J M M J 1913 S N J M M J B 1919 N J " M M J N J M W 7 240 J S N J M M J S 1923 1922 1921 1920 IS N J M M J S N J M M J 8 1924 N J M \ t 230 i t I 220 AL cc M M ODITIES 210 200 0 t i ll / Ay / # f. J \A A Ai 4 t teo t \ f °> 180 # 1 i Z ITO s > V f/" - R E TA1 F( u t Q ISO M< 140 r A \ 4 \ i 1 1 /HO SALE r FOOrD— A •-* v ft ISO •<# 0 * * 0 A* i * i / f J 191 3 A VERA QE 1 • N »^ ft • ISO M M J / g M BUSINESS SUMMARY 192a March April 1024 May January February March April May PRODUCTION: Manufacturing (64 commodities) Raw materials, total Minerals Animal products Crops Forestry Electric power Building construction (contracts awarded).. 129 98 125 114 75 120 146 139 125 90 121 111 61 120 138 138 135 97 141 127 55 135 143 129 108 128 119 93 108 160 107 U17 100 121 105 87 114 149 103 '123 93 120 107 71 118 154 147 M17 87 106 118 54 126 146 136 Ull 93 113 124 60 130 148 124 132 117 101 123 117 95 104 111 87 132 136 63 140 135 63 147 136 61 135 137 54 129 143 47 112 162 86 124 103 142 79 119 98 154 80 128 99 126 80 110 96 140 78 102 106 163 79 115 114 178 77 132 90 174 76 126 77 76 92 94 77 77 92 94 76 77 93 94 73 80 96 88 74 79 95 90 73 77 95 89 72 76 94 88 71 76 94 84 118 114 -33 116 117 -13 120 122 98 104 107 100 109 113 79 110 114 150 95 110 199 103 111 205 STOCKS OP COMMODITIES (45 commodities): Unadjusted index Corrected for seasonal variation 3 UNFILLED ORDERS (relative to 1920) SALES (based on value): Mail-order houses (4) Ten-cent chains (5 chains) Wholesale trade Department stores (333 stores) PRICES (recomputed to 1919 base): Wholesale, all commodities Retail food _ COST OP LIVING (recomputed to 1919 bass). FACTORY EMPLOYMENT (recomputed to 1919 base)8 TRANSPORTATION: Net freight ton-mile operation __„ Average weekly carloadings Net available car surplus (end of month) * Subject to revision. 'Comp "" " ,.il, 1924, SUBVBY, p. 28. bousand firms. See page 38 of the May, 1924, SUBVBY; also pp. 129-132, April, 1924 Monthlp Labor Bedew COURSE OF BUSINESS IN MAY 106 for April and 141 for a year ago. All products of the mine, except copper and gold, registered increased output over April, but except for copper, gold, lead, and zinc, the May production of minerals was less than a year ago. Marketings of animal products, based on 1919 monthly average marketings as 100, increased seaPRODUCTION sonally to 124 from 118 in April and may be compared Manufacturing output as seen from the combined with 127 a year ago. Declines from a year ago in l i g h t e d index of 64 commodities based on 1919 as the movement to market were registered in cattle and J00, declined to 112 in May from 118 in April and calves, hogs, sheep, and eggs, while increases over 35 at the peak reached a year ago. By major groups May, 1923, were noted in the marketings of wool, the production indexes of manufactured commodities poultry, fish, and milk. show foodstuffs at 114 for May against 100 for April Crop marketings registered an increase in May over and 116 for a year ago; textiles at 82 against 97 and both the previous month and May, 1923, the com1 27; iron and steel at 92 against 115 and 148; other bined index based on 1919 as 100 standing at 60 for Petals at 174 against 176 and 158; lumber at 147 May as against 54 for April and 55 a year ago. The a gainst 142 and 150; leather at 79 against 86 and 103; movement to market of crops by major groups shows Paper at 117 against 112 and 121; chemicals*at 154 grains at 63 for May against 55 for April and 57 a against 141 and 136; stone, clay, and glass at 139 year ago; vegetables at. 124 against 121 and 118; against 129 and 139; and tobacco at 114 against 100 fruits at 155 against 87 and 153; cotton and cotton and 109. products at 35 against 35 and 31; and miscellaneous Mineral production, as measured by the weighted crops (hay, tobacco, flaxseed, and cane sugar) at 27 ex > on 1919 as 100, stood at 113 for May against against 24 and 22. ^ The following pages contain a review, by principal industries, of the more important statistics shown in the table on " Trend of business movements (p. 35). Summaries of production, stocks, sales, and price changes are also given, based on data in the tables on 'Indexes of business (p. 31). 8 BUSINESS INDICATORS—COMPARISON OV MAT WITH MAY, 1923. INDEX NUMBERS PRODUCTION ^O^^iOO PIO IRON STEEL-INGOTS LOCOMOTIVES ZINC COFFER ANTHRACITE COAL BITUMINOUS COAL CRUDE PETROLEUM COTTON ( CONSUMPTION t STEEL CORP. ( UNFILLED ORDERS PRICES WHO! ALL RETAIL FOOD c ocrx LAW*) FARM CROPS I M » l (KmicUiTuM) FARM LIVE STOCK t OtH. *OmeiXTu»€l BANKING AND FINANCE DEFAULTED PRICE a t LIABILITIES INDUSTRIAL STOCKS PRICE 3 * .RAILROAD STOCKS INTEREST RATES (COMMERCIAL DISTRIBUTION ' IMPORTS tVALUE! EXPORT* I VALUE » BALES. (60 200 260 350 400 larger than in May, 1923, were smaller than in April, 1924. The index of unfilled orders on manufacturers' books, based on the 1920 monthly average as 100 stood at 47 at the end of May as compared with 54 for April 30 and 87 a year ago. Wholesale trade declined slightly from April, being in May 5 per cent smaller than a year ago. Sales of dry goods, shoes, and hardware, were considerably smaller than a year ago, while drug sales were slightly larger. Retail trade at department stores and mailorder houses also declined from the previous month, being in May 2 per cent and 6 per cent smaller, respectively, than in May, 1923. Sales at retail by 10cent chains also declined from April but were 14 per cent greater than a year ago. Grocery chains, drug chains, and cigar chains registered larger sales in May than in either the previous month or a year ago, while music chains recorded less business in May than in either of those periods, and shoe and candy chains noted sales declines from the previous month but increased business over a year ago. Department-store stocks declined in May but were still 4 per cent larger than a year ago. PRICES MAIL ~ ORDER HOUSE» Prices received by producers for their crops at 39 per cent above pre-war, may t>e compared with 40 per cent in April and 40 per cent a year ago, while for livestock the producers7 price index in May at 103, based upon COMMODITY STOCKS 1913 average prices as 100, may be compared with 102 Commodity stocks, as seen from the weighted index in April and 105 a year ago. of 45 basic commodities, after due allowance for seaWholesale prices as compiled by the Department of sonal variations, registered an increase over the pre- Labor, based on 1913 average prices as 100, stood at vious month; the index based on 1919 as 100, stand- 147 for May as against 148 in April and 156 a year ago. ing at 142 for May 31 as against 136 for April 30 and Price indexes of all groups of commodities, except food ^ 111 a year ago. Stocks of raw foodstuffs at the end which remained unchanged, registered declines from of May on the same base were computed at 185 as the previous month. As regrouped by the Federal against 164 for April 30 and 143 a year ago; stocks Reserve Board this index shows raw products at 152 as of other raw materials for manufacture at 105 against compared with 154 in April and 161 a year ago; pro110 and 93; manufactured foodstuffs at 84 against 86 ducers' goods at 133 as against 135 and 148; and conand 79; and other manufactured commodities at 168 sumers' goods at 150 against 151 and 156. On page 27 against 164 and 117. (See diagrams on pp. 9 and 22.) is given a full page chart showing the comparison between wholesale prices for raw materials, producers SALES goods, and consumers' goods, plotted by months since Sales of commodities by manufacturers in May were January, 1913. Dun's and Bradstreet's indexes of generally lower than in April or a year ago. Declines wholesale prices registered corresponding declines from from April and a year ago were registered in the sales April and a year ago. , of steel castings, steel sheets, railroad locomotives, The Federal Reserve Board's index of wholesale freight cars, power pumps, mechanical stokers, leather prices for international comparison at 156 for May, belting, abrasive paper and cloth, clay fire brick, based on 1913 as 100, may be compared with 158 for maple flooring, all classes of enameled sanitary ware, April and 167 a year ago, while French prices remained tubular plumbing, elastic webbing, and finished cotton unchanged and British prices declined 2 per cent. goods. Sales increases over April and a year ago were Retail prices of food in May showed no change fro^ registered in merchant pig iron and oak flooring, while the previous month but were more than 1 P e r c e j \ new orders for California redwood were larger in May lower than a year ago. The cost-of-living index at l than in April but smaller than a year ago, and new for May, based upon July, 1914, as 100, may be comorders for southern pine and structural steel, although pared with 162 for April and 160 a year ago. SALES. TEN " . C E N T FREIGHT, NET STORES TON-MILES RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS IN BASIC INDUSTRIES (Monthly averages 1920=100) 160 DCKS 45 C )MMC )DITtE s—( 160 u N . . . 130 120 • no i CD 2 too I VV i # AA > ,*- 90 \ 80 y \ 70 A V J A —# y ,x \ 1 V / 1 )UCT ON 6. COK mm 1\ 1I \ / " J 140 EASON V \ \ 11&*» 4 J 60 \ 50 "*— 40 I I i J i i i 1920 1921 TEXTILES Increases of 12 per cent occurred over April in May receipts of wflbl at Boston, domestic increasing 14 per cent and foreign 10 per cent. Compared with a year ago, domestic receipts increased but foreign receipts declined over 80 per cent. Imports of wool also declined considerably, and consumption by textile mills was less than in April. Machinery activity in Woolen mills was also less than in April, cards, combs, spinning spindles, and carpet and rug looms showing reduced operations, although wide and narrow looms were operated at increased activity. Price comparisons show a decline in raw wool from April but no change in its products. Cotton brought into sight in May exceeded the figures for April, 1924, and May, 1923. Imports of raw cotton declined from both periods, while exports exceeded the previous month by almost 2 per cent and were over 104 per cent larger than a year ago. Consumption of cotton by textile mills declined to 413,649 bales in May from 480,010 in April and 620,854 a year ago. Stocks of raw cotton held at both mills and warehouses were smaller than a year ago, while . e world visible supply of American cotton shows an ^crease over May, 1923. Fewer spindles were active in May than in April, !924, or in May, 1923. Orders, billings, shipments, and stocks of goods at cotton finishing plants also declined rom both these periods, while the operating activity 163—24f 2 A- INFIL ROER S 8 C OMM( TniTi 11 UJ 1922 w 1923 -% \ V . O 1924 of finishing plants stood at 52 per cent of capacity as against 62 per cent in April and 74 a year ago. Exports of cotton cloth increased over the previous month and a year ago, while elastic webbing sales declined from both periods. The average price of cotton to the producer declined from April 15 to May 15, while the monthly average price of middling cotton rose. Cotton yarns and sheeting declined while print cloth remained unchanged in price. Increases over April occurred in deliveries and stocks of silk, whereas, compared with a year ago, deliveries were larger and stocks smaller. The price of silk averaged lower in May than in April. COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS iliMliSMii PIG-IRON PRODUCTION AND UNFILLED STEEL ORDERS AT THE EN UNFILLED OKDERS FBOM UNITED STATES STEEL CORPORATION 5.000 4.000 co 2 ' 0 0 0 V CO ) i \ V Q 1 Gt\ft 29. 1,600 \ \ i o X H |,200 1.000 600 i vl 400 •p 200 0 ——— 1i 3 — v i H [-1 f J— o 1912» — w H • >• i 1914 1 1916 CD O z CO CO & HH O CD o CD om & CD CO O [td O 3 O H* TC>c<s O CD mm— 6 0 UT HEF:N a i isl CD 1—1 CD / 1915 O c; co i I /III .L \r ill \ n TH ERI i ? S > < ~» o 1918 1917 • - H .. I CO co td • \ o o V o o 3 1i f 1 < = •» 1 o -' 1919 £2 A if- / i\ w a: O \ N )R1 HE RN L : CO ID 1.400 O »-3 CO c+ j \ m 800 S TOC / - U td ER SOI \ LU m i.ooo u. O *-• \ Et 10 IK 3E N r y h V / X1 A / r I / -in 3.000 NTH > Ed CD uH I ft (\f\n j 1920 19,21 z f CD ot d CD CO o O »-3 O a: 3 1924 STOCKS OF COTTON AT WAREHOUSES AND MILLS 1913 M M J J 19 [4 3 8 N 1915 Sf J M M I 916 8 J 19 17 128 - V 112 — / r I 104 — 1 \M ^ AM 96 — li \ I \ \ O 80 P . ^j i \ I ?.. X f \ o B6 QNf Q UJ n- IV /I/I /f 1 / : TT / .J7__ CO w £TEEL | 1 16 — \J/> n 1924 11 7 \ \ i \ ff 1 1 \ \ \ v \ / / \ Jfe \ 31 if T / 1 r y JW J J I I J At noN *4 ^** \\ W1/ n 1 W r —i I \ JtZP V A Mill 1 /I H PI GS R( 24 — "I- _ ^ _ _ V 32 — if U si FILL ED ORD ER T T 7I 1923 1922 1921 -r / 72 1920 i AW V / 8fl O 1919 1 ISO — O 1918 M M \ V A 1\ T J A\ -BIMA "\ki\ fir w i 11 \ A \ i If _L 11 i41/ \ \\ \ 1 V z/ j r\ sn\/ 1 11 1\ll PIG-IKON PRODUCTION AND UNFILLED STEEL ORDERS AT THE END OP EACH MONTH UNFILLED ORDERS FROM UNITED STATES STEEL CORPORATION 6,000 — H \\ \l T w \n 5.000 sotIT^ 4.000 n 3.000 / 2.000 V \ LU / / i.ooo O jam CO D ER N \ *• \ T" U!>E S re Clcs /• \ \ A r1 I V V1 V>i N<3R1 HE RN HH"1 U N V - \ \ \ V - \ l r i I i MILL STOCKS HI g H 3-n u u m H 3m 3m iH m H iH $3 m 3 I 1913 I 1914 1 1915 I 1916 I 1917 I 1918 I 1919 I 1920 I 1921 I ,1922 I 1923 I 1924 I H n H IRON AND STEEL PRODUCTION OR STEEL INGOTS BY THE OPEN HEARTH BESSEMER PROCESSES: 1909-1923 Stocks of iron ore on Lake Erie docks increased slightly in May and were about 13 per cent larger than ayoai ago. Oonsninption of iron ore declined from both periods. Skipments from tke mines increased in a seasonal movement and were slightly lower tkan in. May, 1923, Tke output of pig iron in May decreased to 2;6l5;000 tons from 3;233;000 in April and'3,868,000 a year ago; wkile kotk number and capacity of furnaces in blast were reduced about 20 per cent from April Merchant pig iron statistics show decreases from April^in production, shipments, and unfilled orders and increases in sales and in stocks on kand, Prices of pig iron averaged about $1 per ton lower tkan in April, PRODUCTION or MERCHANTS BARS: 1906-1923 Steel-ingot production for May totaled 2,628,000 tons as against 3;334;000 in April and 4;216;000 in May, 1923^' Booking of steel castings also declined from botk penods ; as did unfilled orders of tke United States Steel Corporation, Statistics for steel skeets for May skowed declines in production, shipments^ sales; unfilled orders^ and stocks; fke operations amounting to 60 per cent of capacity as against 79 per,cent in April; all items except unsold stocks were also less fkan a year ago. Prices of steel averaged lower tkan in Aprk. Exports of iron and steel Increased orer April but were less than a year ago. 1 Hepprtedby 167 firms with a capacity oi 2328,070. 13 PRODUCTION OF STEEL INGOTS: PERCENTAGE DISTRIBUTION BY PRINCIPAL PROCESSES, 1909-1923 too 90 80 OPE k HI:AR* 70 > ported to the Department of Commerce by 186 identical firms and 7 additional firms now out of business, with a present capacity of 242,940 tons per month, are shown on page 12, based on a capacity of 250,000 tons per month in 1922 and 260,000 tons in 1923 and 1924. LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS (June, 1924 latest plotted) «•» 60 50 40 S s 30 ESS =ME rt MM 20 mam t ... S * 1909 1910 1911 1912 1013 1914 1915 (916 1917 1918 1919 1920 1921 1922 (923 Shipments of steel furniture declined from April and were about the same as a year ago. Bookings of fabricated structural steel, at 59 per cent of capacity, compared with 65 per cent in April and 57 a year ago. Shipments were the same as in April, at 71 per cent of capacity. Comparisons for earlier periods, as re- IIMI N 1920 PRODUCTION OF CUT AND WIRE NAILS 18 16 I CUT NAILS ! WIRE NAILS j 14 ! 12 t 10 i 2 6 = 4 £> CD 00 00 O> 00 io CD CD 00 00 « N co CD CO O CO CD 00 a > a > c o c o c D C D © a > © L 1921 1922 1923 | 1924 14 The following table shows statistics of steel barrels reported to the Department of Commerce by 29 manufacturers operating 34 plants, in number of barrels: RELATIVE PRODUCTION AND STOCKS OF ZINC (1913 monthly averages=109) STEEL BARRELS (IN NUMBER OF BARRELS) month Shipped tured f V i f \ On hand Unfilled orders, end of end of month month • t 200 \ i January., February 45,588 49,109 57,350 57,072 53,571 303,668 362,725 394,756 420,129 427,941 307,189 370,966 394,478 416,628 418,381 49,109 57,350 57,072 53,571 44,011 J to to Z 120 V \ TO I \ t 601,663 614,102 582,022 Shipments of railroad locomotives from manufacturing plants were larger than in April but smaller than a year ago. Unfilled orders also increased over the previous month but declined about* 70 per cent from May 31, 1923. Freight-car orders declined from both periods. Vessels completed in May declined in both tonnage and number from April but increased over a year ago, while the uncompleted tonnage of vessels declined from April but increased over a year ago. (Sea diagram at bottom of p. 13.) Sales of mechanical stokers were less than in April, 1924, or May, 1923. 1 180 615,485 I .. •1 \ f II i \ 1 PROnI i r i T 1 lot X hi 9IC § 100 \ 3E VE 1 \ i • \ f \ 1 \ 60 A \ N A ' y 1 4 i i * i J f NONFERROUS METALS Both production and exports of copper declined less than 1 per cent from April but exceeded the May, 1923, figures. The price of copper averaged less in May than in April. Sales of tubular plumbing goods declined both from the previous month and a year ago. COPPEK PRODUCTION AND EXPORTS 1 1920 i i192111 1922 j 1923 Tin stocks in warehouses in the United States declined wjiile the world visible supply showed an increase during the month. Deliveries from warehouses declined from April and were also smaller than a year ago. The average price of tin fell 12 per cent from the April average. Receipts and shipments of lead at St. Louis declined from April and the prices of pig lead averaged 12 per cent lower. FUELS 11 n i i * i i M i i f i i si 1821 I 1 I I Zinc production increased over April and was also larger than a year ago. Stocks of zinc in producers' hands increased almost 30 per cent during the month of May. . The price of slab zinc declined. Both production and exports of bituminous coal were larger than in April but smaller than a year ago. Price changes in May were slightly downward, except the wholesale price, which remained the same. The output and exports of anthracite coal also were both larger than in April but smaller than a year ago. The price of anthracite, however, tended upward. The output of beehive coke increased 11 per cent, while by-product coke gained 33 per cent over Apn* and also exceeded a year ago, as against a decline in beehive coke. Exports of coke declined from Apn and from a year ago, while the price in May was 10 per cent less than in April. , . The production of crude petroleum increased ^ May over the previous month but was smaller tha ^ year ago; while consumption of crude Pet^oleTf^ o{ May increased over those two periods. StocKs 15 petroleum continued to accumulate, being at the end of May 24 per cent larger than the inventories of a year ago. More jaew oil wells were completed in May than in April, while shipments of crude from the Mexican fields decreased from April and was more than a year ago. The wholesale price of petroleum at the wells averaged lower in May. PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL — so • • f 45 L» \l\ 40 > *""I\ 1 l\ k 35 ...., /\ 30 J1 A / -/-^ V ~\ B.T U M .NOV. 55 —*»— A i f ~~*\ J v/ A 1 PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE 10 . r 1 S AA f • i L A \ \ ^ \\ ^\ Vv r/ v\ 1f / I v V / V AHTH 1 I i »*ClT | i i i i i i I i ! i i M s s i J 5. i The accompanying diagram shows a comparison between automobile production, gasoline consumption, and gasoline stocks. It is significant to note from this chart that the movement of gasoline stocks, in general, is similar to that of autoiriobile production except for the time element. RELATIVE PRODUCTION OF AUTOMOBILES, CONSUMPTION OF GASOLINE, AND GASOLINE STOCKS (1919 monthly averages =-100) 350 TOTAL AUTOMOBILE PRODUCTION 16 CUMULATIVE AUTOMOBILE TRUCK PRODUCTION AT THE END OF SPECIFIED PERIODS AUTOMOBILES The output of passenger automobiles dropped from 337,045 in April to 279,439 in May, while truck production declined from 36,154 to 33,374 cars. Shipments from factories decreased correspondingly. Taxes collected in May on sales of both passenger automobiles and accessories, representing April business, increased over the previous month, while taxes on truck sales declined slightly. Taxes from all three groups declined from a year ago* 400 350 / 4 / / 300 y CUMULATIVE PASSENGER AUTOMOBILE PRODUCTION AT THE END OP SPECIFIED PERIODS f / 40 / 250 i 923 / / CO 36 f O 200 / / / 4> O i 30 1912/ / 160 4} / <0 8- / / 100 CO O / 1923 fe20 \ i co o LU CO 1924 x 1922 x f #> f f 4 4 / / / r ! i g t 10 HIDES AND LEATHER z IB I UJ 3 a < X 6 O LJ Z Q RUBBER Production, stocks, and shipments of all classes of tires—pneumatics, solids, and inner tubes—showed declines from April and from a year ago, the greatest relative declines occurring in the solid-tire group. The price of crude rubber advanced over the April average, but was less than a year ago, while imports' declined from these same comparative periods. Imports of hides and skins declined from both the previous month and a year ago, the total inward movement in May being almost 50 per cent smaller than a year ago. All classes of hides and skins shared in this general decline from May, 1923, while calfskin imports alone registered an increase over April, 1924. Prices of packers' heavy hides declined from tne April average, but calfskins rose in price. •Exports of both sole and upper leather increase slightly over April, with larger increases over May, 1923. Prices of leather were unchanged from Apni. Sales of leather belting declined both f r o m / { • " ' 1924, and May, 1923. The output of boots and sno declined from April, and was also less than a year ag^; while exports increased over the previous month ID declined from May, 1923. No changes were shown shoe prices from April. 17 The following table shows the number of leather gloves and mittens cut in May with comparison with April as reported to the Department of Commerce by 232 identical establishments: NEWSPRINT PAPER PRODUCTION AND MILL STOCKS LEATHER GLOVES AND MITTENS CUT (IN DOZEN PAIES) APRIL, 192| Men's and boys' 61,244 30,243 31,001 144,239 Dress and street gloves, etc Imported Domestic Work gloves, mittens, etc Women's and children's 10,894 8,960 1,934 273 MAY, 1924 Men's and boys' 69,724 29,964 29,760 131,057 Women's and children's 11,269 8,552 2,717 821 PAPER Production and shipments of newsprint paper increased over April but were less than a year ago. Stocks at mills increased over both periods. The following diagram gives a comparison between newsprint paper production and mill stocks. The output of paper board shipping boxes declined from April but increased over a year ago, though solid fiber boxes also declined from May, 1923. Operating activity of paper board box manufacturers, at 72 per cent of normal, in May, compared with 76 per cent in April and 80 per cent a year ago. Declines occurred from the previous month and a year ago in the sales of abrasive paper and cloth, both domestic and foreign. BUTTONS The output of fresh waier pearl buttons in May represented 33 per cent of capacity as against 42 per cent in April and 53 per cent a year ago. Stocks of buttons on hand declined slightly during May but were higher than a year ago. BUILDING CONSTRUCTION During May the cost indexes of building construction were reduced, while the price index of plumbing fixtures also declined. Fire losses declined from April and were also less than a year ago. VOLUME OF BUILDING .CONTRACTS AWARDED, BY CLASSES Building contracts awarded during May in the 27 Northeastern States declined in both floor space and value from April and from a year ago. KesidentiaJ &*iu industrial construction accounted for the decline rom April as the other groups showed small increases. 163—24f 3 Compared with a year ago, business and industrial buildings declined, while the other classes increased. The following monthly statistics covering the awards for construction in 36 States represent seven-eighths of the total construction lettings in the United States. CONSTRUCTION CONTRACTS AWARDED IN 36 STATES1 1923 1924 CHARACTER OP CONSTEUCTION Grand total: Value .thousands of dollars.. Floor space thousands of sq. ft.. Number of projects Commercial: Value thousands of dollars.. Floor space thousands of sq, ft.. Number of projects Industrial: Values thousands of dollars.. Floor space thousands of sq. ft.. Number of projects , Residential: Value ..thousands of dollars.. Floor space thousands of sq. ft.. Number of projects.-.. Educational: Value thousands of dollars.. Floor space thousands of sq. ft.. Number of projects Other public and semipublic:1 Value thousands of dollars., Floor space thousands of sq. ft.. Number of projects „ Public works and utilities: Value thousands of dollars.. Number of projects May April May 480,097 73,169 13,169 419,273 68,784 13,337 433,907 72,810 13,238 49,724 9,615 1,601 66,380 11,232 1,497 59,510 11,646 1,663 56,361 4,994 373 28,901 4,625 346 62,979 11,667 446 219,139 47,536 9,504 185,419 39,755 9,354 168,217 39,555 8,884 33,522 5,757 304 40,582 407 30,453 5,519 384 32,511 4,795 466 5,812 502 28,931 4,424 511 88,841 1,021 68,708 1,231 83,817 1,450 *1 As compiled from data furnished by the F . W. Dodge Corporation. Includes hospitals and institutions, public buildings, social and-recreational buildings, and religious and memorial buildings. CUMULATIVE VOLUME OF BUILDING CONTRACTS AWARDED IN 27 STATES AT THE END OF SPECIFIED PERIODS DUU BUILDING MATERIALS Lumber production figures show increases over April for southern pine, California redwood, California white and sugar pine, western pine, Michigan softwoods, and northern pine lumber and lath, while decreases were noted in Douglasfir,Michigan hardwoods, western pine and North Carolina pine. Compared with a year ago, decreased production and shipments were general except for southern pine and North Carolina pine. Stocks of lumber were larger than a year ago, except for Michigan softwoods and hardwoods. Lumber prices were lower than in April. Exports increased over both the previous month and a year ago. Oak flooring production, shipments, new orders and stocks all increased, both over April, 1924, and May, 1923, while unfilled orders declined from both periods. Maple flooring data show declines in May from both periods for production, shipments, orders and unfilled orders, while stocks increased over both periods. Clay fire and silica brick reports show declines in May production and shipments from the previous month and a year ago, while stocks increased over both periods. New orders received and unfilled orders on hand for clay fire brick declined from both periods. RELATIVE PRODUCTION OF LUMBER AND CEMENT AND SALES - OF STRUCTURAL STEEL (Monthly averages 1919=100) 220 / / 400 19 LU £E a CO / 300 X // LL o eo O / / / / / 22 200 //, ifft4 100 t 7 / / f 4 ''\ m 0 z i I UJ z 5 •3 d 8 I 'i Q 1921 1922 I 1923 I > 924 19 Production and shipments of face brick were larger than in April and also larger than a year ago* Stocks and unfilled orders declined from both periods. No change was noted in the prices of common brick. Paring brick production, at 69 per cent of capacity, compared with 44 per cent in April and 71 per cent a year ago. Shipments also declined from a year ago but exceeded April shipments. New orders received and unfilled orders on hand were greater than in the previous month and a year ago, while cancellations were smaller than in either of these periods. Production and shipments of cement increased over both April, 1924, and May, 1923, while stocks declined from April but were higher than a year ago. No changes in prices were noted in May. The output of roofing felt increased slightly over April but was less than in May, 1923. New orders, unfilled orders, and shipments of all classes of enameled sanitary ware declined from April, while stocks on hand, except for baths, increased. Compared with a year ago, shipments and stocks increased, while new orders and unfilled orders declined for all classes. The following table compares the output of lighting equipment in 1922 and 1923 as reported to the Department of Commerce. The miscellaneous item was not given in 1922, so comparison between the two years should exclude this item. OUTPUT OF LIGHTING EQUIPMENT KIND OF FIXTURES 1923 1922 Per cent increase below a year ago. A total of 93,760 long tons of potash was imported during the first five months of 1924, representing a decline of 4 per cent from the same period of 1923, while the imports of nitrate of soda during the same period totaled 571,557 long tons, equivalent to an increase of 9 per cent over the total imported during the first five months of 1923. Exports of sulphuric acid and of fertilizer and tho value of dyes and dyestuffs exported increased over April and, except for dyes and dyestuffs, were also higher than a year ago. The price index of crude drugs roso over 10 per cent from April, but essential oils and drugs and pharmaceuticals declined. The index of chemical prices declined, but the sulphuric acid price remained unchanged. Seasonal increases took place in receipts and stocks of turpentine and rosin at southern ports, whilo all increased over a year ago also. Production of cottonseed oil was higher than in May, 1923, and stocks of both cottonseed and cottonseed oil held by mills were larger than a year ago. The price of cottonseed oil declined from the April average. Keceipts and shipments of flaxseed at two northwestern terminals totaled slightly less than in May, 1923, while stocks were higher than a year ago. Shipments of linseed oil and oilcake from Minneapolis were considerably less than in April or in May, 1923. Exports of vegetable oils declined from both the previous month and a year ago. CEREALS Residence lighting Commercial lighting Industrial lighting Street lighting...!.... Marine lighting Shades for fixtures Comparable total Miscellaneous lighting equipment Grand total $63,811,191 12,213,639 4,901,468 1,068,685 959,523 17,188,250 $41,621,505 7,267,941 7,718,846 3,948,308 525,678 15,319,915 29.3 68.0 -36.5 -72.9 82.5 12.2 90,142,756 90,783,509 76,402,193 18.0 180,926,265 The following table shows the bookings for architectural terra cotta by 26 manufacturers, who produced about 95 per cent of the architectural terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Receipts and shipments of wheat during May wero less than a year ago. Exports were about half as large as in May, 1923, while the visible supply at tho end of May was 8,000,000 bushels greater than a year ago in the United States and over 20,000,000 bushels larger in Canada. Wheat prices were irregular, but flour prices advanced. The following table shows the output of wheat flour reported by over 1,000 mills, each month, which made about 84 per cent of the flour produced in 1921, according to the census of manufactures. WHEAT FLOUR PRODUCTION BOOKINGS OP ARCHITECTURAL TERRA COTTA MONTH &nuary February. March Net tons 16,240 13,227 12,022 13,011 10,171 10,807 Value $1,561,518 1,467,539 1,316,553 1,570,117 1,229,551 1,J27,928 YEAB AND MONTH Wheat ground (thous. of bushels) fc-:::::::::::::::::::::::::::::::::::;;:::::::::::: June ;;;; - CHEMICALS AND OILS Imports of potash declined from both April and a w ago, while the inward movement of nitrate of ^creased in May over April but was considerably July August— September October November December 1024 January February March April May. Flour produced (thous. of bushels) Grain offal produced (thous. of pounds) Per cent of capacity operated 35,871 44,179 44,969 50,810 43,606 37,799 7,805 9,642 9,760 10,983 9,403 8,137 633,324 772,774 796,325 908,311 783,669 678,576 48.0 54.7 62.1 62.0 58.8 49.3 41,833 39,180 38,809 35,680 36,235 8,970 8,433 8,355 7,682 7,801 746,040 705,402 698,911 643,588 651,690 51.9 53.0 48.9 45.0 47.0 20 Receipts and shipments of corn were larger in May than a year ago, and the visible supply also increased over last year. Exports were smaller than in either the previous month or a year ago, and grindings of corn into glucose and starch were also less than in either of these periods. Prices of contract corn averaged slightly less than in April. Receipts of oats were larger than in May, 1923, but the visible supply was only half as large as on May 31 last year. Exports were less than in April and considerably smaller than a year ago. The price of oats averaged slightly lower than in April. Barley receipts and exports, though smaller than the April movement, exceeded May, 1923. Barley prices averaged less than in April. Receipts of rye increased over May, 1923, while exports declined. Prices of rye rose as compared with April. Total grain exports, including flour reduced to grain equivalent, were smaller than in April and less than half as large as a year ago. Visible supplies of corn and wheat in Argentina were reported as larger than a year ago, while flaxseed supplies were smaller. The movement of paddy rice to the mills was considerably smaller than a year ago and declines were also noted in shipments from mills and in stocks of both paddy rice in California and in cleaned rice in the hands of southern mills and dealers. Exports of rice declined from both the previous month and a year ago. Increases over a year ago were shown in May in the car-lot shipments and storage holdings of apples, in the car-lot shipments of potatoes, onions, and citrus fruits, and in receipts of hay. less. Storage holdings of fish were larger than a year ago. Receipts and storage holdings of eggs declined from last year, but butter and cheese showed increases in both these items. Little change from April was shown in butter and cheese prices. Exports of condensed milk declined both from April and from a year ago. The diagram, below, drawn on a logarithmic scale (see explanation inside front cover), shows the relative movements to market of butter, cheese, and eggs, based upon the average monthly marketings of these foodstuffs in the year 1919 as 100. RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT PRIMARY MARKETS (1910 monthly averages =-100. May, 1924, is latest month plotted) 300 200 MEATS AND DAIRY PRODUCTS The movement and local slaughter of cattle and calves declined from May, 1923, except total shipments. Exports and storage holdings of beef products increased over last year, however. Cattle prices averaged lower than in April, carcass beef was unchanged, while steer rounds advanced in price. The movement and slaughter of hogs was also smaller than a year ago, except for total shipments. Exports of pork products were less than in April and also lower than a year ago, while storage holdings were slightly higher than at the end of May last year. Exports and storage holdings of lard show similar comparisons. As compared with April, hog prices averaged higher, as did prices of smoked hams, while lard prices declined The movement and loc 1 slaughter of sheep declined from a year ago and cold-storage holdings of lamb were about half as large as on May 31, 1923. Prices of sheep declined in May, especially ewes. Receipts of dressed poultry at principal markets were larger than a year ago, but storage holdings were .20 1920 1921 SUGAR Meltings of raw sugar at refineries declined from year ago, but stocks were larger. Exports of r e ^ sugar were also smaller than in May, 1923. o prices averaged less than in April. The movement ^ raw,sugar in Cuba shows increases over a year ag receipts and stocks but a decline in exports. COFFEE The visible supply of coffee,, both throughout ^e world and in the United States, decreased iT°m # 31, 1923. Receipts of coffee in Brazil and clear* 21 from Brazil were much larger than a year ago. Imports into the United States increased over both the previous month and a year ago, while tea imports declined in May from these two comparative periods. the total in use* Car loadings increased over April but declined from a year ago, only grain products showing an increase. SHORTAGE, SURPLUS, BAD-ORDER, AND TOTAL LOADINGS OP FREIGHT CARS. TOBACCO The consumption of cigars, cigarettes, and manufactured tobacco and snuff, as shown by tax-paid withdrawals, increased over April but, except for cigarettes, was less than a year ago. Exports of cigarettes increased over both periods, while exports of unmanufactured leaf tobacco declined from April but increased over a year ago. Sales at loose-leaf warehouses were much greater than a year ago. Prices remained stationary. H 3M 1.100 n | M M i n WATER TRANSPORTATION Compared with a year ago, cargo traffic through the Sault Ste. Marie Canal was slightly lower in May, while Ohio River traffic between Pittsburgh and Wheeling increased. Entrances and clearances of vessels in foreign trade increased both over April, 1924, and May, 1923, increases occurring for both American and foreign vessels over April but in American vessels only over a year ago. Freight rates to Europe increased slightly over April. COMPARISON OP CALIFORNIA PETROLEUM PRODUCTION WITH PANAMA CANAL EASTBOUND TRAFFIC (1920 monthly averages=100) The following figures show the current conditions of freight-car equipment on Class I railroads: EQUIPMENT, FREIGHT CARS INSTALLED DX7EINO MONTH OWNED (2ND 0 7 MONTH) YEAB AND MONTH Aggregate capacity (pounds) Number ,1928 December— Number 2,307,997 201,055,000,000 18,690 1,762,000,000 2,310,032 2,310,570 2,311,405 2,312,074 2,312,237 201,288,000,000 201,535,000,000 202,331,000,000 202,447,783,106 202,606,400,427 15,589 11,386 9,562 8,718 9,199 1,415,000,000 1,109,000,000 892,000,000 731,956,193 879,032,000 1 1924 January February March—* April May BETIBBD DUBING MONTH YEAB AND MONTH 1920 RAILROAD TRANSPORTATION surplus of idle freight cars rose from 329,489 cars at the end of April to 338,526 at the end of May, ^hue shortage of cars was negligible. The number of bad-order cars increased from 7.9 to 8.3 per cent of Number 1924 1923 December. 1924 JanuaryFebruary-, March April May. Aggregate capacity (pounds) Aggregate capacity (pounds) Unfilled Building in orders end railroad of month shops (number) (number) 14,411 1,098,000,000 24,379 1,515 12,329 10,466 1,033,000,000 822,000,000 705,000,000 612,577,857 720,424,679 21,696 40,030 62,340 £9,550 57,266 2,417 2,715 2,697 2,739 2,467 8,726 8,026 0,059 22 TREND OF COMMODITY STOCKS BY MAJOR GROUPS: 1919-1924 (Solid line represents the course after due allowance for seasonal variations, while the broken line represents the index witlTno adjustment for seasonal conditions. Indexes plotted are relative to 1919 as 100. May is latest month shown.) TOTAL INDEX 200 180 160 140 - ^ * 4 120 100 - / \ •SIS err 80^ * RAW FOODSTUFF!5 300 280 260 240 220 200 180 160 140 120 A /W • J A 100 80 < V 'A A r V "V gId 60 tn RAW MATERIALS I; OR MANUFACTURE i| 200 z: 180 x l60 \ i i W 140 "" 100 80 60 40l \ .I V s / f N.A \ (^ 1 1 / v k 7 > MANUFACTURED FOODSTUFFS 160 140 (20 100 80 60 N saa, *** Ww MANUFACTURED o on COMMODITIES 0 180 160 140 - A to- 120 - 80 ^^ i 100 1 • 1919 1920 1921 M — m 1922 1923 1924 23 EMPLOYMENT IN MANUFACTURING INDUSTRIES BY MAJOR INDUSTRIAL GROUPS [Drawn from data compiled by the U. S. Department of Labor and representing weighted Indexes based upon the number of wage earners in the respective industries in 1919. Detailed data may be found in the May " S u r v e y " (No. 33, p. 38) and in the Monthly Labor Review for Juno, 1924, (p. 122).] (Average monthly employment 1923-100) GENERAL INDEX OF EMPLOYMENT 130 120 no 100 90 80 70 60 Ul K 1 1914 ' 1915 i Ml 1916 19*17" > Ii $* mt isis" 1921 1920 1919 TEXTILES AND THEIR PRODUCTS FOOD AND KINDRED PRODUCTS 130 • IRON AND STEEL AND THEIR PRODUCTS LUMBER AND ITS REMANUFACTURES 120 110 100 s / / / 90 *** t \ A i CO 8 0 QC IU 7 0 CO / |eo n 130 LEATHER AND ITS FINISHED PRODUCTS no 100 90 \ r AND >U.L ibL) PRODUCTS cCHEMICALS PAPER A.ND PRINTING STONE, CLAY, AND GLASS PRODUCTS JI V f 80 70 *• 60 METAL PRODUCTS THAN IRON AND STEEL 1922! 1923 I1924 TOBACCO MANUFACTURES 19221 1923 I 1924 VEHICLES FOR LAND TRANSPORTATION 111111 I 19221 1923 5 MISCELLANEOUS INDUSTRIES it I 9 9tl 1924 1 1,9221 1923 I 1924 24 EMPLOYMENT Decreases in the number of workers employed in factories are noted in reports from the country at large and from the various States for May, the numbers employed being also less than a year ago. Average weekly earnings, as calculated by State reports in New York, Illinois, and Massachusetts, declined, but larger earnings were shown for Wisconsin. IMMIGRATION, EMIGRATION, AND IMMIGRATION QUOTA 120 rant chains were greater than in April, but below last year. Candy sales by manufacturers in April, as computed from May tax collections, show a decline from the previous month but an increase over a year ago. Magazine a d v e r t i n g for June publications was higher than a year ago, but May newspaper advertising declined from last year. Postal receipts were less than in April but larger than a year ago. Internal-revenue taxes collected in May declined from a year ago on theater admissions, on firearms and shells, on bond and stock issues and conveyances, and on capital stock transfers, while tax collections on jewelry sales increased. SALES OF MAIL-ORDER HOUSES AND CHAIN TEN-CENT STORES s si i i H i i 3i | M | I 1 DISTRIBUTION MOVEMENT Sales of mail-order houses declined from April in a seasonal movement and were also less than in May, 1923. Sales of 10-cent chains declined slightly from April but increased over a year ago. Sales of restauSALES AT RETAIL BY MAIL-ORDER HOUSES AND MONEY ORDERS PAID AND ISSUED IN 50 PRINCIPAL CITIES. 120 25 The diagram at the bottom of page 24 compares mail-order sales by four houses, the value of payments of money orders, and money-order issues in 50 principal cities. It should be noted that the payments of money orders represent all domestic money orders issued on 50 principal post offices by all post offices in the United States, while the money-order issues represent only those sold in the 50 principal cities, this line being shown on the diagram principally as indicating the steady growth of the moneyorder business in urban communities. The similarity between mail-order business and money-order payments as shown on this chart is significant. LOANS, DISCOUNTS, AND TOTAL, INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS ^ j '— I ri s' — TOT* 3 Further decreases occurred in the outstanding debt of the Government during May. Customs receipts and total ordinary receipts were less than in April, the latter decreasing 11 per cent, while expenditures chargeable against such receipts declined 22 per cent. Total money in circulation outside of the Treasury and the Federal reserve system increased from 842.33 to $42.78 per capita. BANKING AND FINANCE Check transactions, as shown by debits and bank clearings, increased over both April and a year ago in New York City, but declined from both periods for the rest of the country. During May decreases occurred in the discounts, investments, note circulation, reserves, and deposits of the Federal reserve system. The Federal reserve ratio increased slightly. Member bank statements of the Federal reserve system show declines in both loans and deposits but an increase in investments. Interest rates continued to decline. BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS 33 / / i Bll LS Dl JCOU 9 70 TED V \ s s CO — — O r * \ TOfil 3 INV eifBJ 4 '*% **' • V It" r- 0 3r • > iwo 163—24f 1521 1A23 1833 ,. . I 1024 — --— ITVCH — — j —i 1 i 0 ; it PUBLIC FINANCE — i 1 ii 41 ! ir 1 Except for group insurance, the amount of new life insurance business in May was greater than in April as to both number of policies and amount of insurance, while compared with a year ago total insurance increased, except for group business, while number of policies were less, except for ordinary business. Premium collections increased over April in all classes except group insurance and gained over a year ago in all classes. Sales of ordinary life insurance by districts increased over April in the western agricultural and far western districts but declined in the other sections. Compared with a year ago, the only decrease occurred in the western agricultural and southern sections. The two diagrams on page 26 show since January, 1923, the distribution of investments by 41 life insurance companies having 82 per cent of the total admitted life insurance assets of the United States legal reserve companies. The first drawing gives this distribution as between real estate mortgages, bonds and stocks, and policy loans, premium notes, and all other assets, while the second drawing shows the distribution of bond and stock holdings (approximately 98£ per cent, bonds) divided as between Government, railroad, and public utility and other bonds and stocks. Of total admitted assets amounting to §7,993,917,089 at the end of May, bond and stock holdings totaled 83,403,133,895 and mortgages §3,084,481,122. Business failures were more numerous in May than in either April, 1924, or May, 1923, whQe total liabilities were less than in either of these periods. All classes of failures showed this same trend, except that the liabilities of manufacturing establishments increased slightly over a year ago. Dividend and interest payments scheduled for June increased over a year ago and for the year to date gained 5 per cent over last year. Dividend payments alone increased in about the same proportion over a year ago, with gains in all classes. Street railways increased 10 per cent in dividends over the first five months of 1923, steam railroads 4 per cent, and industrials 4 per cent. 26 DISTRIBUTION OF ADMITTED ASSETS OF 41 LIFE INSURANCE N U M B E R OF B U S I N E S S F A I L U R E S AND A M O U N T OF DEFAULTED LIABILITIES COMPANIES, BT CLASSES OP SECURITIES (June, 1924, is latest month platted) 60 1 OTAL B< )NDSAh D STOC1<s UJ CO Q tu t 40 REALE STATE YIORTG/J # . — S&- »•(••* Oil 30 O 20 POLI 3Y LOAras. PRE M1UM N OTES. *ND ALL- OTHEF ( M' f 1 f i i f 1 S i ! M I f M | ' • • • • • ua«n 10 1924 1923 DISTRIBUTION OF BOND INVESTMENTS OF 41 LIFE INSURANCE COMPANIES, BY CLASSES OF BONDS 60, RAILROAD 1920 ! J92J | 1622 | . t*3 1 1924 New incorporations, in point of value and authorized capital, declined in May from April and a year ago, as did new capital issues of existing corporations. Permanentissues of States and municipalities declined from April but increased over a year ago. Fewer loans were closed by both the Federal farm loan banks and by the joint-stock land banks in May than in the previous month or in May, 1923. War Finance Corporation loans were also less and the balance outstanding was diminished. The loaning operations of the 12 intermediate credit banks are given in the table following: LOANS AND REDISCOUNTS OF FEDERAL INTERMEDIATE CREDIT BANKS l 50 DIRECT TEAE AND MONTH Closed Q 40 Z LOANS Balance, end of month BEDISCOTJNTS Closed Balance, end of month GOVERNMENT 1928 October November December ••••a h 30 $7,666,603 6,042,753 $21,257,477 27,863,360 30,677,492 $2,348,288 2,346,639 1,145,659 1,972,476 1,035,163 8,906,976 6,786,641 32,295,425 28,849,239 28,313,433 29,654,426 30,394,468 1,763,492 2,127,404 2,479,521 4,195,812 3,067,625 1924 January February March April May h UJ o S20 ..... " ."" 11,139,060 sag i The Intermediate credit banks are located In the same cities as the 12 FederaU^d a W PUBLIC UTILITIES AND OTHER 10 1923 1924 isrss ; Berkeley. Average prices of stocks were slightly higher than in April, p , but the index of 103 stocks at the end ot th e w ^ May was somewhat lower than a month Sales of both stocks and bonds declined from p but bond sales were greater than a year ago, excep for Liberties. Bond prices advanced over April all classes except public utilities. COMPARISON OF WHOLESALE PRICES FOR RAW PRODUCTS, PRODUCERS' GOODS, AND CONSUMERS' GOODS (1913 average prices taken as 100. May Is latest month platted) 260 240 to 1913 MONTHLY AVERAGE 1920 1921 1922 28 GOLD AND SILVER Domestic receipts of gold at the mint declined slightly both from April, 1924, and May, 1923. Imports and exports also declined from both periods, the nfit imports of gold for May at $40,481,000 comparing with $44,027,000 in April and $45,332,000 a year ago. Silver production increased over April but declined from a year ago. Both imports and exports increased over both periods, with an export balance of $4,047,000 comparing with $3,894,000 in April and an import balance of $962,000 a year ago. Silver prices averaged higher than in April, Except for French and Belgian francs, which declined, and Italian lire, which remained unchanged, the principal European exchanges averaged higher than in April, but the increases were, in general, very slight. Other increases were shown in exchanges on India, Canada, and Chile, while declines occurred in Japan, Argentina, and Brazil. The general index of foreign exchange declined from 63 to 62 per cent of normal. Imports into the United States declined from both the previous month and a year ago, while exports were also less than in April but were greater than in May, 1923. The excess of exports amounted to $32,000,000 in May as against $22,000,000 in April. EXPORTS FROM THE UNITED STATES AND THE UNITED KINGDOM 300 A V A Jn \ / Y <\ r & I Z 200 & 1 1 INOD )M-# PERCENT MINIMUM TO MAXIMUM EMPLOYMENT Quan- Avertity age prin- wage cipal earnprod- ers rmuct ployed 1923 11.6 92.9 66.2 38.0 25.2 U6.8 67.4 92.1 88.9 £9.1 60.9 87.4 44.6 22.6 31.4 14.7 78.0 81.0 71.1 76.7 18.0 -0.3 88.2 76.0 39.1 20.8 80.3 72.4 Per cent increase 25.0 80.5 76.0 U2.7 101.1 CIVIL-SERVICE EMPLOYEES The following monthly figures reported by, the United States Civil Service Commission give a comparative summary of the operations of the civilservice system: AND SEPARATIONS1 YITE STA E3 NUMBER OF APPLICATIONS EECEIVED A, /* // I •1 -t A TEAE AND MONTH / > •'V NUMBER OF PERSONS EXAMINED NUMBER OF PERSONS APPOINTED NUMBER OF PERSONS SEPARATED Depart- Field Depart- Field Depart- Field Depart- Field mental service mental service mental mental service service service service service service it 3 AVERAG 1923 0 > 1930. 1821 > 1832 1923 CENSUS OF MANUFACTURES: 1923—PRELIMINARY REPORTS The Bureau of the Census has announced preliminary figures on eight additional manufacturing industries collected pursuant to the census of manufactures for the year 1923. The following table sum- 1921 Decrease. \ UN 11 1921 Typewriters and supplies. $52,230,394 $41,789,990 Sand-lime brick 2,202,762 1,220,425 1,969,930 Crucibles 3,467,816 1,883,225 Bluing 1,643,186 Chemical fire extinguishers 6,152,082 4,254,261 Writing inks_. 6,107,379 4,980,148 Type founding 2,512,328 2,129,636 Vault, sidewalk, floor lights, etc... 2,990,885 2,150,382 I W V— PEE CENT INCREASE OVER 1921 IN— VALUE OF PBODUCT3 1923 1923 CIVIL-SERVICE APPLICATIONS, EXAMINATIONS, APPOINTMENTS, a 2 100 CENSUS OP MANUFACTURES RETURNS: INDUSTRY CLASSIFICATION FOREIGN EXCHANGE AND TRADE 400 marizes the more important data made available since those published in the June issue, and as further similar reports are released they will be correspondingly summarized for the readers of the SURVET. More details can be obtained with respect to each of the industries above outlined from the bureau's complete preliminary statement for each industry in connection with the census of manufactures for 1923. June July August—*—. SeptemberOctober November December 11,051 12,660 11,770 16,824 16,893 15,564 9,710 3,930 4,175 3,875 2,980 2,415 2,953 2,410 9,898 13,948 15,218 18,538 19,263 15,511 12,887 3,515 2,320 1,817 1,793 3,038 2,478 £397 8,129 6,865 2,293 15,304 20,639 24,250- 3,120 13,534 7,536 14,749 2,063 22,851 g 509 599 618 702 552 509 366 ; 5,629 6,787 5,791 7,614 6,612 8,059 6,021 876 523 545 937 823 604 475 *747 212 390 399 7,045 5,745 7,271 240 479 451 6,293 1924 January February.... March April 1 B y departmental service is meant service in Washington, D . O Jurisdiction of the fourth civil-service district with offices ta field service is meant all service outside of the Distr^* «' <™" the service in Washington under the jurisdiction of t By 29 JUNE DATA The following table gives »uch June data as have been received to and including July 14,1924 1924 1924 ITEM May June June 1923 TEXTILES Cotton: Imports, u n m a n u f a c t u r e d , . — . . ; bales, Exports, unmanufactured (including linters) bales.. Consumption b y textile mills bales. Stocks, end of m o n t h : Total, mills and warehouses _ thous. of bales. Mills thotis. of bales. Warehouses thous. of bales. World visible, American thous. of bales. Silk: Consumption bales.. Stocks bales.. 13,641 13,367 326,357 413,649 230,979 350,277 214,851 542,026 2,285 1,158 1,127 1,641 1,833 951 882 1,223 2.574 1,347 1,227 1,109 28,272 27,074 23,164 24,843 27,824 25,865 2,615 2,628 2,026 2,056 3,676 3,767 3,628 3,263 6,386 2.62 2.60 2.79 22.57 41.38 2.86 21.20 29.11 46.46 3.03 111 93 18 145 134 11 232 221 11 643 689 54 511 1,505 531 462 69 438 1,271 1,958 1,854 104 1,785 1,402 NONFERROUS METALS Zinc: Receipts at St. Louis thous. of lbs. Shipments from St. Louis thous. of lbs. Lead: Receipts at St. Louis thous. of lbs. Shipments from St. Louis thous. of lbs. r in: Consumption fc Stocks: World BUILDING AND CONSTRUCTION United States I""/."....I-.-I.— Contracts awarded, floor space (27 States): Business buildings thous. of sq. ft. Industrial buildings thous. of sq. ft. Residential buildings thous. of sq. ft. Educational buildings thous. of sq. ft., Other public and semipublic buildings thous. of sq. ft.. Grand total thous ofsq. ft contracts awarded, value (27 States): Business buildings thous. of dolls.. Industrial buildings thous. of dolts.. Residential buildings thous. of dolls., Educational buildings thous. of dolls.. Other public and semipublic buildings thous. of dolls., *ran ?.total thous, of dolls.. ^ ^ j S J J ^ t t v e to 1913t Engineering 01 P VMV . — . . . . . i n d e x number.. Northern i °-f f o l l o w l n g m o n t n > * n d e* numberLumber—' Production. 1 M ft. b. m., M ft b > m Lath- m e n t S * Production thousands., _ Shipments... thousands Composite lumber prices*as"t of"followTng month)—" doll 8nmL W0 S ds — s - Per M ft. b . m.. Softwoods d olls. per M ft. b. m.. Induction 20,831 23,433 14,544 17,013 24,181 22,496 12,766 9,728 11,983 7,781 10,146 5,387 .5,240 4,310 5,410 19,711 4,067 20,094 4,067 21,297 2,137 OatsJLIU* Shipments-^" Wheat 45,258 13,480 6,720 36,496 9,247 5,264 20,403 4,260 8,523 6,660 8,400 2,600 7,030 10,800 2,400 3,700 8,000 2,200 14 306 430 135 303 348 966 432,206 338,092 468,314 367,971 306,265 203,023 375,024 376,019 029,230 141,668 291,008 788,141 180,755 272,957 500,209 156 137 230 153 136 219 140 139 231 CHEMICALS AND DEU03 Wholesale prices: Drugs and Pharmaceuticals... Essential oils Crude drugs index number.. Index n u m b e r -Index number.. TRANSPORTATION Index of ocean rates, Atlantic ports to: United Kingdom weighted index number., All Europe weighted index number., 28.4 25.7 25.0 23.3 21.2 21.3 thous of dolls.. thous. of dolls. thous. of dolls. thous. of dolls., thoua. of dolls., thous. of dolls., thous. of dolls., thous. of dolls. 27,404 16,318 11,086 20,212 17,075 7,157 3,017 1,963 26,978 13,939 13,030 27,210 15,485 6,478 3,370 1,877 24,045 13,333 11,613 25,785 14,012 6f4S5 2,677 1,711 thous. of dolls., thous. of dolls. 302,946 334,950 277,000 307,000 320,234 319,957 152 133 153 133 158 145 DISTRIBUTION Mail-order houses, total sales Sears, Roebuck & Co Montgomery Ward & Co Ten-cent stores, total sales fc. F . W. Woolworth Co S. S. Kresge Co S. H . Kress Co McCrory Stores Corp U. 8. foreign trade: Imports Exports PRICE INDEX NUMBERS 9,245 3,755 34,428 5,378 7,827 2,891 28,346 4,188 8,387 4,817 25,254 3,717 4,586 57,709 4,073 48,064 4,103 46,344 48,390 20,213 165,376 35,037 49,601 19,026 136,679 29,006 40,830 48,506 124,417 26,676 32,285 358,554 33,717 331,147 26,863 323,559 206 217 126 214 148 222 59,360 40,405 58,662 40,036 76,734 49,611 14,092 11,494 14,625 16,050 21,668 11,281 43.29 42.20 29.45 47.46 34.26 13,777 14,551 16,403 15,036 14,905 12,382 13,307 9,168 thous. of b u s h . . 5,027 5,621 5,279 ..thous. of b u s h . . ..thous. of b u s h . . ..thous. of b u s h . . 15,368 16,131 13,737 16,410 17,415 14,003 18,220 14,212 14,139 thous. of b u s h . , thous. o f b u s h . . 10,646 17,646 13,714 14,505 I t , 470 11,102 price Index no., Bradstreet's (1st of following mo.)—price Index D O WHOLESALE PBICE8 Farm products—Average price Wheat .. -, Corn Potatoes Cotton Cottonseed Cattle, beef Hogs Lambs Farm products—MarUt T00DSTUTT3 Eeceipts-Wheat... Grain movement—Continued Visible s u p p l y Wheat thous. of bush.. Cora thous. of b u s h Oats thous. of bush.. Argentine grain: Visible s u p p l y Wheat thous. of bush.. Corn thous. of bush.. Flaxseed thous. of bush.. Rice: Receipts at mills thous. of bbls.. Shipments from mills . . . . t h o u s . of pockets.. Stocks, domestic tbous. of pockets.. Sugar, raw: Meltings long tons.. Stocks at refineries long t o n s Sugar, Cuban movement: Receipts, Cuban ports long t o n s Exports long tons.. Stocks, end of month long tons.. D u n ' s (1st of following mo.) CEMENT tbous. of bbls. thous. of bbls. thous. of bbls. June FOODSTUFFS—continued 16,107 IKON AND STEEL Pig Iron, produetion thous. of long tons. Steel ingots, production thous. oflong tons. Unfilled orders, U. 8. Steel Corp., end of month thous. oflong tons. Wholesale price, composite finished steel dolls, per 100 lbs. Wholesale price: Composite pig Iron dolls, per ton. Iron and steel dolls, per ton. Composite steel dolls, per 100 lbs. Locomotives: Shipments— Total . ..number. Domestic, number. Foreign number. Unfilled ordersTotal number. Domestic „_._ number. Foreign number. Freight cars, orders, domestic number. Steel furniture, shipments thous. of dolls. June 1923 May to producer* cents per bush., cents per bush., cents per bush.. .cents per lb_. dolls, per t o n cents per lb.. cents per lb.. cents per lb., 06.8 78.6 01.3 28.1 4a 53 5.91 6.6S 11.43 98.5 $0.8 100.7 27.8 5.79 6.55 1L21 106.6 85.0 7& 6 25.6 43.14 5.82 6.37 10.72 price Wheat, N o . I, northern, spring (Chicago) dolls, per b u s h . . Wheat, N o . 2, red, winter (Chicago).dolls, per b u s h . . Corn, contract grades, No. 2, cash (Chicago) dolls, per b u s h Oats, contract grades, cash (Chicago) dolls, per b u s h Barley, fair to good, malting (Chicago).... do Is.per b u s h Rye, N o . 2, cash (Chicago) dolls, per b u s h Cattle, steers, good to choice, corn _ , . fed (bhicago! -dolls, per 100 bs_. Hogs, heavy (Chicago) dolls, per 100 l b s . . Sheep, ewes (Chicago) do Us. per 100 bs_. Sheep! lambs (Chicago) dolls, per 100 l b s . . 1.177 L066 1.120 L122 1.105 1.189 .786 .488 .839 .501 .839 .439 .761 .671 .776 .729 .643 .687 10.269 7.444 6.625 14.219 9.595 7.245 4.825 14.725 10.313 6.950 4.813 14.751 6.638 5,470 .056 6.856 5,581 6,263 5.325 .051 .074 .065 .092 .104 .113 .151 .163 Food Flour, standard patents (Minneapolis) dolls, per bbl.. Flour, winter straights (Kansas CIty).dolls. per bbl.. Sugar, 96° centrifugal (New York) dolls, per lb.. Sugar, granulated, in barrels (New York)... ......dolls, per l b . Cottonseed oil, prime summer yellow (New York) —— dolls, perlb. Beef, fresh carcass good native steers (Chicago) ..dolls, per lb. Beef, fresh steer rounds No. 2 (Chicago).dolls, per lb, .073 .170 .169 .166 30 JUNE DATA—Continued 1924 1924 June 1928 May May June June 1923 PUBLIC FINANCE WHOLESALE PEICES—continued Clothing Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) dolls, per lb__ Cotton, print cloth, 27 Inches, 64x60-7.60 yards to pound (Boston) dolls, per yd— Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York) dolls, per yd.. Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) dolls, perlb.. Women's dress goods, storm serge, all-wool, dbl. . warp, 60 inch (New York) dolls, per yd.. Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York) dolls, per y d Silk, raw, Japanese, Kansai No. 1 (New York) dolls, per lb_. Hides, green salted, packer's, heavy native steers (Chicago) dolls, perlb.. Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago).... dolls, perlb.. Leather, chrome calf, dull or bright " B " grades (Boston) dolls, per sq. ft.. Leather, sole, oak, scoured backs, heavy (Boston) dolls, per lbBoots and shoes, men's black calf, blucher (Massachusetts) dolls, per pairBoots and shoes, men's dresswelt tan calf (St. Louis) dolls, per pair. .475 .474 .458 .066 .068 .070 .103 .108 .119 1.650 1.C00 1.800 1.035 1.035 1.035 3.690 3.600 3.690 4.802 4.998 7.693 .119 .125 .163 .165 .171 .153 .460 .425 .540 .460 .430 .540 6.25 .625 6.50 4.85 .485 4.85 Fuels Coal, bituminous, mine run lump, Kanawha (Cincinnati) dolls, per short ton. Coal, anthracite, chestnut (New York tidewater) dolls, per long ton. Coke, Connellsville (range of prompt and future) furnace—at ovens dolls, per short ton. Petroleum, crude, Kansas-Oklahoma— at wells dolls, per bbl_ 3.39 3.39 4.14 11.06 11.16 10.62 3.41 3.23 4.75 1.735 1.550 1.450 Metals Pig iron, foundry No. 2, northern (Pittsburgh) dolls, per long ton. Pig iron, basic, valley furnace. .dolls, per long ton., Steel billets, Bessemer (Pittsburgh) dolls, per long tonCopper ingots, electrolytic, early delivery (New York). dolls, perlb. Lead, pig, desilvered for early delivery (New York) dolls, per 1b. Tin, pig, for early delivery (New York).dolls, per lb. Zinc, slab, western, early delivery (New York) dolls, per lb.. Building materials and miscellaneous Lumber, pine, southern, yellow flooring, 1 x 4 , " B '* and better (Hattiesburg district) dolls, per M ft. b. m . Lumber, Douglas fir, No. 1, common (Washington) dolls, per M ft. b . m . Brick, common red, domestic building (New York) * dolls, per thous. Cement, Portland, f. o. b. plant (Chicago district) dolls, per bbl. Steel beams, mill (Pittsburgh) dolls, per cwt. Rubber, Para Island, fine (New York) dolls, perlb. Sulphuric acid, 66° (New York)...dolls, per 100 lbs. 22.51 20.50 21.51 19.63 29.65 27.38 38.50 38.00 42.63 1.28 .124 1.48 .073 .439 .071 .427 .072 .411 .062 .062 .064 41.66 39.51 48.87 17.50 17.50 19.50 20.00 20.00 20.30 1.75 2.40 1.75 2.30 1.75 2.60 .165 .70 .173 • 70 .250 .75 U. S. Interest-bearing debt mills, of dolls.. 21,287 Gross debt — mills, of dolls.. 21,545 Customs receipts thous. of dolls.. 45,221 Ordinary receipts thous. of dolls*. 190,408 Total expenditures chargeable against ordinary receipts thous. of dolls.. 256,085 20,981 21,251 43,276 601,580 22,006 22,350 50,023 288,055 351,081 BANKING AND FINANCE Bank clearings; New York City Outside New York City Federal reserve banks: Total investments Bills discounted Notes in circulation Total reserves Total deposits Reserve ratio Member banks: Total loans and discounts Total investments Net demand deposits Interest rates: New York call loans., mills, of dolls.. mills, of dolls.. 20,722 15,833 19,958 15,264 18,675 16,116 mills, of dolls.. mills, of dolls.. mills, of dolls.. mills, of dolls.. mills, of dolls.. per cent-. 421 430 1,891 3,214 1,997 82.7 476 350 1,844 3,271 •2,108 82.8 775 2,227 3,202 1,937 76.9 mills, of dolls.. mills, of dolls.. mills, of dolls.. 11,951 4,659 11,403 12,142 4,827 11,837 11,850 4,692 11,104 per cent.. 3.63 2.25 4.88 thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. 36,591 17,757 15,346 3,488 34,099 16,646 14,810 -28,722 11,703 12,413 4,606 number.. number.. number.. number.. 1,816 507 1,215 94 1,607 439 1,054 84 1,358 348 970 40 95 94 93 91 103 97 96 96 94 104 94 92 180,440 91,979 272,419 13r442 287,519 120,855 390,374 106.43 ,62.53 108.93 65.07 105,94 60.95 dolls, per fine oz. pence per standard oz. thous. of dollars. thous. of dollars. .655 33.870 5,460 9,687 .667 .649 31.611 thous. of dollars. thous. of dollars. 41,074 BUSINESS FAILURES Liabilities: Total commercial Manufacturing establishments Trade establishments Agents and brokers Finns: Total commercial Manufacturing establishments Trade establishments * Agents and brokers STOCKS AND BONDS Bond price indexes: Combined index, 40 bonds 10 highest grade rails 10 second grade rails 10 public utility bonds 10 industrial bonds Bond sales: Miscellaneous bonds.thous. of dolls, (par value). Liberty bonds thous. of dolls, (par value)Total thous. of dolls, (par value). Stock sales,.. thous. of sharesStock prices: 25 industrials dolls, per share. 25 railroads dolls, per share. 16,803 go 90 103 172,656 73,474 246,130 20,317 GOLD AND 8ILVEB Silver: Price at New York Price at London Imports Exports Gold: Imports Exports IBS is 8,648 25,181 268 PRELIMINARY SUMMARY FOR JUNE Productions of manufactures in June registered declines from M a y and a year ago in the output of pig iron, steel ingots, automobiles, and in the mill consumption of cotton, silk, and tin, while declines from M a y alone were recorded in the production of ;zinc and celnent. More railroad locomotives were produced in June than in May, while new awards for T>uilding construction although smaller than in M a y Vere higher than a year ago. Construction costs, -averaged lower than in the previous month or a year •ago. Unfilled orders of the U. S. Steel Corporation a t the end of June were 10 per cent lower t h a n on M a y 31, while orders for locomotives, unfilled on June 30, called for 531 as against 643 a t the end of M a y , and 1,958 on June 30, 1 9 2 3 . . Sales at retail by mail-order houses and ten-cent -chains declined from M a y b u t were 8 per cent and 6 June "Wholeper cent, respectively, larger than a year ago sale prices continued the downward trend, while business failures, although larger than a year ago, were less numerous than in M a y . Average prices olI industrial and railroad stocks were higher than y 1 0 3 6 ^ either M a y or a year ago, while bond prices * averaged higher in J u n e . Interest rates, both call a commercial, continued to average lower. Check p*tf ments in New York City although larger than a y year ago were smaller than in May, while for tne of the country check transactions were smaller in either of these two periods. . B o t h imports and exports were smaller in J U M in either the previous month or a year agOj, w general index of foreign exchange averaged io J u n e and ocean freight rates continued to decim . ap. INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., in various groups of industry and commerce. They consist in general of weighted combinations of series of individual index numbers; often the individual index numbers making up the series are also given* The base year of all the index numbers is 1919, except prices which are on a 1913 base, and unfilled orders, on a 1920 base. The function of index numbers is explained on the inside front cover. A condensed form of this table is given on page 7, EXPLANATION Maximum Minimum AU index number* are relative to 1919 03 100, except since Jan. since Jan. prices which are relative to 1913, and unfilled 1,1920 1,1920 ordcrt, which are relatite to I9BQ. 1023 1034 April May February March April May Per cent increase (4*) or decrease (—), May from Apr. PRODUCTION RAW MATBKIALS, totaU. - - '-- 157 73 90 97 100 93 87 93 +6.9 209 137 121 241 124 159 133 131 145 154 105 41 0 0 17 74 38 57 80 83 186 110 110 0 110 138 124 66 140 121 196 119 117 140 117 145 124 81 145 141 176 118 104 0 123 141 117 91 115 121 189 103 111 0 122 153 127 84 122 120 189 76 93 4 123 143 119 80 97 106 195 81 106 15 122 159 126 SO 124 113 4-3.2 +6.6 + 14. 0 +275. 0 -0.8 + 11.2 +5.9 227 143 167 153 245 382 135 190 130 19 58 64 54 30 21 45 94 80 46 81 116 64 188 63 87 123 111 59 93 121 79 243 68 89 136 127 31 71 143 62 84 139 71 119 105 69 76 131 60 101 85 101 132 107 56 85 117 60 209 79 95 128 118 64 88 116 59 220 90 101 138 124 61 32 49 22 1 24 2 54 ! 113 70 88 32 101 87 82 71 53 70 23 60 23 57 290 63 98 44 49 95 121 202 57 87 39 42 61 94 117 32 72 36 24 13 55 108 49 71 29 62 2 63 45 ' 2 j 2 145 97 192 77 172 311 147 101 39 297 145 196 60 118 132 62 102 120 163 384 132 147 52 151 109 195 472 149 123 18 120 131 156 267 121 117 2 241 158 185 121 124 91 0 227 0 3 0 0 11 89 50 0 235 0 1 0 0 202 87 32 1 200 0 0 2 69 1,475 155 MINERALS: Petroleum. Bituminous coalAnthracite coal Iron ore* Copper, _ _ Lead Zinc _ . Gold Silver Total , ANIMAL PRODUCTS (marketings): Wool™ Cattle and calves Hogs Sheep Eggs* _ _ __ 3 •_ Poultry* Fish™. Milk (New York) Total CROPS (marketings): Grains— Corn* _ .1 389 Wheat* 218 211 Oats* Barley* _ 85 353 Rye* Rice* 367 206 Total* Vegetables— 349 Potatoes (white)*— 314 Sweet potatoes* 497 Tomatoes* 282 Onions* 316 Cabbage* Celery*... 501 291 Total* Fruits— Apples* 655 532 Peaches* _ _. 235 Citrus fruit* _. Grapes* „ 1,049 Pears* 799 785 Watermelons*- -_ Cantaloupes* 566 1,925 Strawberries* Total* _ 405 Cotton products— Cotton* 225 Cottonseed*.. . . ._ . 276 Total* 232 Miscellaneous crops— Hay*... " 148 Tobacco* .. 258 Flaxseed* 566 Cane sugar* 810 Total* 170 Grand total, crops195 1 35 i 22 1 4 ! 58 j 4 0 34 0 0 0 0 0 48 40 0 186 0 0 0 0 220 73 23 0 193 0 0 27 48 1,534 102 118 0 217 0 10 0 0 33 98 25 2 23 29 6 26 36 6 31 40 42 40 35 23 33 38 13 35 39 17 35 46 0 28 0 22 49 67 5 72 11 30 61 51 1 84 8 22 55 86 59 45 22 65 87 67 29 46 2 41 71 54 6 41 2 24 54 58 6 67 4 27 60 Fluctuations between maximum and minimum largely due to seasonal variations. 0.0 +27.8 +6.6 +14.3 +3.5 -0.9 -1.7 +5.3 + 13.9 +6.3 +7.8 +5. 1 -7.7 +53. 1 -1.4 -19.4 + 158.3 -84.6 + 14.5 -4.9 -88.9 + 100. 8 +20. 6 + 18. 6 -54. 7 +2.5 -36.0 0 -14.9 ! 0. 0 +630. 2 +78.2 +2.6 +30.8 0.0 i +7.4 0.0 * +63.4 + 100. 0 + 12.5 + 11.1 32 INDEXES OF BUSINESS—Continued EXPLANATION All index numbers are relative to 1919 at 100, exceptsince Jan. Minimum since Jan. prices which are relative to 191S, and unfilled 1,1920 1,1020 orders which are relative to 19tO. 1923 April 1924 May February March April May Per cent Increase (+) or decreasd) decreased), May from Apr. PRODUCTION—Con. FOREST PRODUCTS: Lumber Pulpwood Gum (rosin and turpentine) Distilled wood Total 133 135 267 161 135 59 51 20 24 61 122 112 113 120 120 133 129 207 129 135 117 105 65 106 114 122 111 47 114 118 127 134 103 105 126 127 118 216 107 130 0.0 -11.9 +109. 7 +1.9 +3.2 137 126 178 260 207 169 130 145 122 233 116 75 64 40 41 64 41 20 38 29 35 77 110 81 150 112 139 94 118 97 61 116 106 113 81 146 177 186 129 140 112 56 92 116 118 93 131 *65 *x 102 80 *65 132 75 152 1 104 110 95 142 >67 x 106 145 73 134 105 104 S6 131 191 iX 115 92 *94 119 72 77 UOO 114 88 133 1 165 1 186 1 130 1 130 93 167 50 1 114 +9.6 +2.3 +1..5 +81.3 +61.7 +41,3 +38.3 -21.8 -6.9 -35.1 +14. 0 127 138 130 60 42 54 117 123 119 126 130 127 103 110 106 98 104 100 97 96 97 84 79 82 -13.4 -17.7 -15.5 152 149 150 147 34 33 9 32 139 141 97 138 121 136 44 129 135 149 59 142 127 118 33 115 103 94 50 92 135 232 150 59 51 57 122 209 137 152 150 107 148 133 232 150 117 193 131 122 212 138 126 218 142 130 229 147 +3.2 +5.0 +3.5 95 130 115 63 82 63 90 116" 105 89 112 103 65 97 85 64 105 89 63 101 86 61 91 79 -3.2 -9.1 -&1 121 69 102 121 103 104 112 117 +4.5 141 176 188 269 118 157 40 96 4 21 21 92 135 152 34 114 94 130 140 154 17 205 105 136 114 162 84 69 91 136 124 175 5S 48 98 141 111 176 38 104 89 141 141 182 28 215 79 154 +27.0 +3.4 -26.3 +106. 7 +11.2 +9.2 124 200 139 53 61 69 93 170 125 100 193 139 87 128 104 99 155 123 97 175 129 92 206 139 -5.2 +17.7 +7.8 126 130 314 156 195 23 38 86 79 71 91 123 211 138 150 97 124 227 145 158 104 115 272 141 177 98 125 314 153 195 100 118 270 143 176 104 125 255 159 174 +4.0 +5.9 -5.6 +11.2 -1.1 MANUFACTURING: Foodstuffs— Meats Wheat flour Sugar-Ice cream Butter. Cheese Condensed milk Glucose and starch...* Oleomargarine Rice Total Textiles— Cotton (consumption) Wool (consumption) Total Iron and steel— Pig iron Steel ingots Locomotives Total Lumber— Lumber Flooring Total Leather— Sole leather Boots and shoes Total Paper and printing— Total... 2 -18.9 -20.3 +51.5 * -20. 0 Chemicals, etc.— Coke Petroleum products Cottonseed oil* Turpentine and rosin* Wood distillation Total _ Stone, day, and glass— Brick , Cement* Total Metals, excepting iron and steel— Copper smelting and refining. Zinc smelting and refining. Enamel ware Lead Total Tobacco— Manufactured tobacco and snuff— Cigars Cigarettes Total Miscellaneous— Shipbuilding-. Automobiles Rubber tires Prepared roofing Total...:. Grand total, 64 commodities 119 128 147 125 50 75 64 70 96 90 106 98 103 98 126 109 100 85 110 97 99 88 119 102 93 85 120 100 99 94 144 114 +6.5 +10.6 +20.0 +14.0 79 239 221 163 145 133 1 29 20 58 37 68 11 233 178 135 135 125 4 240 221 137 146 135 1 223 155 140 123 117 6 233 171 123 132 3 123 10 227 173 113 131 3 118 . 8 190 165 120 115 112 -20.0 -16.3 -4.6 +6.2 -12.2 1 ELECTRICAL POWER BUILDING CONSTRUCTION (total)*.- 154 147 98 30 138 138 143 129 149 103 154 147 146 136 148 124 'Subject to revision • Fluctuations between maximum and minimum largely due to seasonal variations. +1.4 Is. 8 33 INDEXES OF BUSINESS—Continued EXPLANATION Maximum Minimum since Jan. 1, 1920 All index numbers are relative to 1919 as 100, except since Jan. prices which are relative to 1918, and unfilled 1, 1920 orders, which are relative to 1920. 1923 1924 April May February March April May Per cent Increase (-H) or decrease (—) -lay from April STOCKS (Corrected for seasonal variation) Total. Raw foodstuffs Raw materials for manufacture-Manufactured foodstuffs Manufactured commodities 148 233 189 115 164 91 73 89 58 86 117 169 96 76 113 111 143 93 79 117 135 173 119 74 155 136 169 111 V9 161 136 164 110 86 164 142 185 105 84 168 +4 4 +12.8 -4.5 -2.3 +2.4 152 232 175 115 166 84 70 68 56 89 123 196 89 77 114 104 130 83 73 116 140 186 119 77 156 147 212 104 75 164 136 178 97 73 165 129 154 91 72 167 -5.1 -13.5 -6.0 -1.3 +1.2 116 40 95 87 63 61 54 47 -13.0 98 62 79 80 78 79 77 76 -1.3 117 58 154 4 58 152 172 39 112 113 105 111 120 62 58 68 55 84 80 74 78 74 105 106 112 96 100 122 90 86 95 80 104 48 45 57 38 70 76 73 * 80 63 88 110 125 102 92 133 99 113 88 91 99 63 101 107 93 94 115 62 70 64 51 80 79 79 80 66 91 118 135 106 101 144 90 103 69 89 103 62* 106 108 98 110 107 65 73 65 62 72 78 74 80 66 94 115 126 101 101 145 81 85 63 83 92 61 103 105 91 98 111 52 50 62 43 -2.8 -2.8 -7.1 -10.9 +3.7 78 +8.3 +2.6 +2.7 +3.8 +1.5 68 89 104 62 118 114 107 118 125 68 61 86 56 86 81 77 82 72 97 107 111 97 102 127 83 83 65 85 106 64 (Unadjusted index) Total Raw foodstuffs Raw materials for manufacture.. Manufactured foodstuffs Manufactured commodities UNFILLED ORDERS Iron, steel, and building materials Total (8 commodities; 1920 = 100). WHOLESALE TRADE (Distributed by Federal reserve districts; Grand total, all classes Hardware, total 10 districts. New York Richmond Chicago San Francisco Shoes, total 6 districts New York Richmond Chicago San Francisco Groceries, total 10 districts.. New York Richmond _.„ Chicago San Francisco Drugs, total 7 districts New York Richmond Chicago San Francisco •Dry goods, total 9 districts.. New York Richmond Chicago San Francisco.. Meats, total 2 districts-. . i 115 1 116 1120 1 125 78 1 82 !99 1 101 J 98 99 1 103 197 184 1 124 129 1 135 1 117 1 112 1 161 123 1 135 1 119 1 131 1 136 73 62 l 60 162 156 177 88 *85 175 174 199 64 171 145 *53 167 43 80 76 83 67 92 111 125 98 97 135 72 78 53 72 92 63 -20.0 -31.5 -4.6 -30.6 -2.1 -3.5 -0.8 -3.0 -4.0 -6.9 -11.1 -8.2 -15.9 -13.3 0.0 +3.3 RETAIL TRADE (Value) MAIL-ORDER HOUSES (4 houses) - CHAIN STORES: Ten-cent (5 chains) Music (4 chains) Grocery (29 chains) Drug (10 chains) Cigar (3 chains) Candy (4 chains) Shoe (6 chains).__ •_ — DEPARTMENT STORES: Sales (333 stores) Stocks (286 stores) l — 134 49 103 98 96 106 114 90 331 214 205 185 192 76 171 84 55 119 109 106 261 72 142 99 180 135 125 159 125 154 100 189 142 136 170 140 97 199 143 124 166 93 163 99 198 149 136 181 118 178 88 210 145 130 208 178 174 82 212 150 143 189 150 202 154 80 101 119 132 143 128 129 102 126 115 138 132 140 126 134 -21.1 -2.2 -6.8 +1.0 +3.4 +10.0 -9.1 -15.7 -4.5 -4.3 Maximum and minimum monthly indexes for the individual districts were selected from the series beginning January, 1921, and hence are not to be compared witt efluctuationsin the group totals which cover the period since January, 1920 163—24f 5 34 INDEXES OF BUSINESS—Continued EXPLANATION Maximum All index numbers are relative to 1919 as 100, except since Jan. 1,1920 prices which are relative to 1915, and unfilled orders, which are relative to 1920. since Jan. 1,1920 1924 1923 Minimum April May February March April May Per cent increase (+) or decrease (—), May from April PRICE INDEX NUMBERS (All price Index numbers relative to 1913) FARM PRICES: 309 181 97 91 139 107 140 105 141 98 138 100 140 102 139 103 +1.0 243 248 346 281 203 300 213 275 208 248 114 131 171 178 109 155 121 173 114 138 141 144 205 200 154 204 136 187 126 159 139 144 201 190 152 202 134 187 125 156 143 143 196 180 143 182 131 176 113 152 137 141 191 181 144 182 130 175 113 150 139 137 189 179 139 182 128 175 113 148 136 137 187 177 134 180 127 173 112 147 -2.2 0.0 -1.1 -1.1 -3.6 -1.1 -0.8 -1.1 -0.9 -0.7 249 311 218 375 272 244 249 247 135 122 103 152 168 118 146 138 166 172 123 232 198 150 157 159 161 167 122 226 189 148 156 156 156 176 116 195 177 139 154 152 154 165 118 194 179 137 153 150 154 166 119 195 174 135 151 148 152 168 115 195 171 133 150 147 -1.3 +1.2 -3.4 0.0 -1.7 -1.5 -0.7 -0.7 246 272 267 218 102 125 142 134 155 186 170 159 155 179 167 158 148 189 163 158 145 179 160 154 140 182 158 153 133 183 156 152 -5.0 +0.5 -1.3 -0.7 227 115 148 145 140 137 136 133 -2.2 219 139 143 143 147 144 141 141 0.0 219 185 288 200 192 205 139 143 153 149 171 155 143 170 167 180 173 159 143 •172 174 178 173 160 147 180 177 175 174 164 144 185 176 172 174 163 141 185 177 168 174 162 141 185 176 165 174 161 0.0 0.0 -0.6 -1.8 0.0 -0.6 333 310 340 154 155 163 162 165 175 160 164 173 167 173 180 165 172 180 165 172 181 164 168 177 -0.6 -2.3 -2.2 588 537 670 366 2 326 306 283 504 152 160 415 390 588 159 187 407 386 580 158 181 544 169 573 153 ISO 499 483 579 154 182 450 428 579 156 181 459 428 571 151 178 +2.0 263 279 236 218 162 143 146 170 168 156 166 178 169 155 170 177 166 148 170 178 166 147 167 179 164 143 166 174 163 143 -0.6 0.0 176 321 313 183 171 196 185 199 187 208 200 206 200 207 201 205 +1.1 -1.0 Crops (15th of month) Livestock (15th of month) -0.7 WHOLESALE PRICES: "Department of Labor— Farm products Food, etc Cloths and clothing Fuel and lighting Metals and metal products Building material Chemicals House-furnishing goods—_ Miscellaneous All commodities._ _, Federal Reserve Board (Department of Labor prices)— Total raw products Agricultural productsAnimal products Forest products Mineral products Producers' goods Consumers' goods All commodities-, Federal Reserve Board Index— Goods imported Goods exported All commodities Dun's (1st of following mo.) Bradstreet's (1st of following month) - n _ , RETAIL PRICES, FOOD. COST OP LIVING, National Industrial Conference Board: Food _ Shelter Clothing Fuel and light Sundries.. All items weighted 'FOREIGN WHOLESALE PRICES: United Kingdom— British Board Trade London Economist U. S. Fed. Res. Bd France— Gen. Stat. Bureau U. S. Fed. Res. Bd Italy (Bachi) Sweden Switzerland Canada— Canadian Dept. Labor.-_ U . S . Fed. Res. Bd Australia India (Calcutta)... Japan— Bank of Japan U. S. Fed. Res. Bd 4 0.0 -0.4 -3.2 -1.7 35 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 thefiguresdo not lend themselves readily to statistical uniformity, due to lateness of their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered to make clear such distinctions and in general to facilitate the use of the table: April, 1924*—This column gives the April figures corresponding to those for May shown in the next column—in other words, cover the previous month. May, 1924.—In this column are given the figures covering the month of May, or, as in the case of stocks, etc., the situation on May 30 or June 1. Corresponding month, April, 1923, or May, 1923.—Thefiguresin this column present the situation exactly a year previous to those in the "May, 1924," column (that is, generally May, 1923), but where no figures are available for May, 1924, the April, 1923, figures have been inserted in this column for comparison with the April, 1924, figures. Cumulative total from January 1 through latest month.—These columns set forth, for those items that properly can be cumulated, the cumulative totals for the five months ending May, 1923 and 1924, respectively, except where the May, 1924, figures are lacking, in which case the cumulative totals for the first four months of 1923 and 1924 are given. Percentage increase ( + ) or decrease (—) cumulative, 1924 from 1923.—This column shows the per cent by which the cumulated total for the five months ending May, 1924, is greater (-J-) or less (—) than the total for the corresponding period ended May, 1923. 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 thatfigureswere not available prior to 1920 or even 1921-, and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (-f) or decrease (—) May from April.—The last column shows the per cent increase or decrease of the figure for the last month compared with the preceding month. NOTE.—Back data on the following items maybe found in the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period Sept., 1921, toMar., 1924,inclusive. Detailed tabulations of several new items appear at the end of this issue. Bee Contents, p. 1. in many cases June figures are now available and may be found in the special table on page 29. Per ct. ncreas<; N U M E R I C A L DATA Ferct. in* crease I N D E X NUMBERS <+) 1924 Corresponding; month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH or decrease (-) cumulative 1924 from 1923 BASE YEAR OR PERIOD Apr. May! Feb. Mar. Apr. May 1923 1924 10,586 42,797 53,383 47,173 40,745 223,425 264,170 301,350 50,955 71,226 122,181 159,704 +25.1 -68.1 -53.7 -47.0 1913 1913 1913 1913 802 2S6 609 40 240 96 312 36,607 59,682 300,216 232,976 -22.4 1921 128 65.7 52.5 68.1 61.9 91.3 84,4 1921 1921 130 131 64.3 90.9 77.7 54.0 89.2 6L1 85.7 i 101.4 112.6 1921 1921 1921 88.3 67.1 82.7 56.7 99.9 103.6 April May 9,965 6,954 16,919 29,457 11,367 7,651 19,018 18,916 44,361 or decrease 1924 1928 May from Apr. TEXTILES Wool Receipts at Boston: thous. of lbs. Domestic £°reiBn thous. of lbs. thous. of lbs. Total T imports, unmanufactured.... thous. of lbs. Consumption by textile mills,, thous. of l b s . . grease equivalent l Machinery activity hhourly: Looms, wide per ct. of hours active. Looms, narrow per ct. of hours active. Looms, carpet and rug...per ct. of hours active. Sets of cards per ct. of hours active. cJ?m f " perct. of hours active. fa pinning spindles— Woolen per ct. of hours a c t i v e worsted per ct. of hours active. e a C U V i t y +11.1 +10.0 +12.4 -35.8 115 108 101 -17.7 104 104 104 104 95 82 +3.7 +17.9 161 178 134 148 132 105 142 133 102 125 127 87 -16.0 -1.9 -21.4 1921 1921 142 134 125 94 128 90 123 82 -6.3 -15.5 1913 117 106 109 -3.7 105 105 97 110 121 -9.7 -2.8 1913 1913 1913 1913 127 118 116 126 .53 1913 212 212 216 196 -7.5 1913 1913 1913 1913 261 225 1S4 227 26S 232 184 239 247 212 184 239 233 212 184 239 -2.2 0.0 0.0 0.0 spindles per ct. of active to total.. wide looms per ct of active to total.. narrow looms....per ct. of active to total.. OtDS 74 132 90 233 ( p e r t per ct. of active to t o t a l .. ed 92 4S6 202 325 Per Ct of a c t i v e t0 t o t a l * Raw, Ohio, * Wood, unwashed Raw, territory fine w s™ Fr y <£S edyarn Worsted Wool dress goods Men's suitings Cotton int <> sight unmanufactured unmanufactured K^ters) 2Ki Ol i by t e i t i l e ^ U s s, end of month: Total wareat mills and warehouses ^American.;. " dolls, per lb_. .53 .49 dolls, per lb.. per lb._ dolls, per yd.. dolls, per yd.. 1.3G 1.650 1.035 3.690 1.33 1.650 1.035 3.690 1.53 1.800 1.035 3.690 thous. of bales.. 403 40,436 406 16,107 375 23,593 bales.. 320,774 bales.. 480,010 326,357 413,649 160,368 620,854 hous of of b a e s . , thous. thous. of bales.. bales.. bb l l h 2,840 1,328 1,512 2,285 1,158 1,127 3,214 1,634 1,580 1913 1913 1913 125 138 114 104 120 92 thous. of bales.. 1,834 1,541 1,432 1913 59 46 dons. 2,497 202,669 -29.0 +3.4 1913 1913 1,571,655 2,007,698 2,998,743 2,462,107 +27.7 -17.9 1913 1913 2,415 285,618 Overtime was reported sufficient to offset all idle hours and leave an excess. 22 133 35 31 239 245 66 46 109 < 104 -12.2 +0.7 -00.2 44 103 +1.7 -13.8 132 116 144 92 -19.5 -12.8 -25.5 90 59 -16.0 36 TREND OF BUSINESS MOVEMENTS—Continued N O T E . — B a c k data on the following items m a y be found in the detailed tables of t h e quarterly issues of the S U R V E Y . T h e M a y issue (No. 33) showed complete data for the period Sept., 1921, to M a r . , 1924, inclusive. Detailed tabulations of several new items appear at t h e end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the special table on page 29. , P e r ct. increase NUMERICAL DATA 1924 April TEXTILES—Continued • Cotton—Continued Manufactured goods: 32,590 Cotton cloth exports thous. of sq. yds.. Fabric consumption 12,287 by tire manufacturers thous. of lbs.. Elastic webbing sales thous. of yds.. 11,470 Fine cotton goods: Production pieces.. 355,591 Sales pieces.. 225,327 Cotton finishing: Orders received; gray yardageWhite goods thous. of yds,. 30,435 Dyed goods thous. of yds,. 35,678 Printed goods thous. of yds,. 8,190 Total thous. of yds,. 80,530 Billings, finished goods (as produced)— White goods thous. of yds.. 29,774 Dyed goods thous. of yds.. 30,677 Printed goods thous. of yds,. 9,889 Total thous. of yds.. 79,776 Shipments,finishedgoods— White goods cases.. 16,549 Dyed goods cases,. 8,147 Printed goods ...cases.. 1,654 Total cases.. 42,170 Stocks, finished goodsWhite goods cases.. 10,771 Dyed goods cases.. 8,863 Printed goods cases.. 2,289 Total cases.. 44,959 Operating activity per ct. of capacity.. 62 Machinery activity of spindles: Active spindles thousands.. 31,872 Total activity millions of hours.. 6,770 Activity per spindle ^ hours.. 179 Per cent of capacity per cent.. 79.9 Raw cotton to producer4 dolls, per lb_. .287 Eaw cotton, New York dolls, per lb_. .299 Cotton yarn . dolls per. l b . . .476 Print cloth dolls, per yd.. .066 Sheeting dolls, per yd.. .110 Clothing: Men's and boys' garments c u t Men's suits, wool ..number.. 509,754 Men's suits, other number.. 80,087 Men's separate trousers, wool number.. 478,437 Men's separate trousers, other number.. 404,534 Men's overcoats number.. 138,554 Boys1 suits and separate pants number.. 549,171 Boys' overcoats and reefers ..number.. 23,999 Work clothing: Cut dozens.. 153,771 Sales dozens.. 134,409 Cancellations dozens.. 2,333 Stocks, end of month dozens.. 276,402 , Knit underwear: Production dozens.. 730,800 Orders received dozens.. 363,600 .Shipments dozens^. 551,700 Cancellations dozens.. 17,100 Unfilled orders, end of month thous. of dozens.. 1,534 May Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1923 1924 (+) or de- INDEX NUMBERS crease <-) cumulative 1924 from 1923 BASE YEAR OR PEKIOD Per c t increase (+) or decrease 1923 1924 Apr. May Feb. Mar. Apr. May ^ thous. of l b s . . bales.. bales.. dolls, per l b . . from Apr. 44,763 36,335 205,605 165,239 -19.6 M913 121 98 78 82 88 121 +37.4 11,903 10, 515 12,888 16,286 61,824 78,876 59,350 56,077 -4.0 -28.2 1921 1919 187 110 192 111 171 73 179 84 183 78 178 71 -3.1 190,337 127,819 491,660 180,914 % 213,182 1,840,335 1,776,741 9^065 -16.8 -43.9 1919 1919 110 48 128 41 107 43 110 45 50 29 -46.5 -43.3 25, 935 28,000 5,952 65,610 29,017 33,364 9,148 79,819 178,698 215,019 70,116 513,959 151,004 167,192 40,290 395,008 -15.0 -22.2 -42.5 -23.1 U921 U921 U921 U921 72 151 73 134 86 114 59 111 92 118 54 91 95 109 53 89 77 96 38 73 -118 -21.5 -27.3 -18.5 27,928 30,483 7,568 76,574 33, 912 44,254 13,386 104,340 184,426 200,493 78,710 530,684 161,675 162,126 43,054 419,997 -12.3 -19.1 -45.3 -20.9 a 1921 »1921 M921 3 1921 112 146 128 123 104 167 102 122 102 127 63 101 105 120 66 100 ,86 115 58 90 -6.2 -0.6 -23.5 -10 14,474 7,616 1,365 39,035 17,588 9,160 2,377 51,569 88,489 56,404 11,725 276,969 88,117 41,832 8,417 229,821 -0.4 -25.8 -28.2 -17.0 M921 a 1921 »1921 »1921 116 125 75 116 113 116 82 115 124 107 54 107 118 103 68 103 107 103 57 94 47 87 -12.5 -6.5 -17.5 -7.4 10,734 8,429 2,381 43,395 52 10,113 6,605 2,943 44,445 74 •1921 M921 S1921 U921 •1921 135 159 95 119 122 139 169 98 123 114 145 221 78 127 98 141 210 74 121 97 148 227 77 124 95 14? '216 80 120 81 30,493 35, 374 9,309 249 107.7 1913 1922 1922 116 114 113 116 121 119 107 95 106 92 89 104 156 67.5 100 76 75 .281 .316 .425 .066 .108 .256 .277 .471 .073 .124 1913 1913 1913 1913 1913 224 226 200 229 210 213 216 190 212 202 262 249 211 205 204 231 223 195 192 196 460,711 71,866 679,141 124,886 -9.6 -10.3 417,456 680,404 -12.7 353,293 212,207 470,823 277,023 -12.7 +53.2 477,986 52,633 685,198 53,811 . -13.0 1+119.3 -0.3 -19 +10 -3.5 -15. & -13 -12.7 -12.8 -15.5 -2.1 +5.7 -10.7 0.0 -1.8 -18.6 -7.2 +0.5 +4.3 125,214 124,782 2,345 288,361 707,400 581,400 528,300 41,400 758,700 442,800 644,400 15,300 1,855 1,937 4,377 25,985 25,662 5,635 4,313 28,272 27,074 4,802 4,904 24,509 29,962 8,428 25,964 167,128 76,838 35,200 51,468 21,846 58,135 28,392 275,118 161,830 3,383,100 3,037,500 3,852,000 70,200 3,705,300 2,504,700 3,171,600 90,900 +9.5 -17.5 -17.7 +29.5 132 271 140 31 -3.2 +59.9 -12 +142.1 124 360 120 34 1920 «1920 U920 6 1920 114 364 143 . 23 128 439 140 31 124 523 148 25 «1920 430 386 443 305 1913 «1920 1920 1913 146 214 56 256 172 137 97 147 167 149 78+ 59 7 232 189 171 154 146 50 155 1909-13 1909-13 156 104 171 171 87 129 87 227 123 +20.9 Raw Silk Imports Deliveries (consumption) Stocks, end of m o n t h Price, Japanese, N e w York ft 20,954 143,529 -19.3 -14.1 -1.5 +8.8 +5.5 Jll8 B u r l a p a n d Fiber Imports: Burlap Fiber (unmanfactured) t h o u s . of l b s . ^ long t o n s . . 285,859 132,054 +3.9 -18.4 P y r o x y l i n C o a t e d Textiles 2,224 2,104 2,931 Pyroxylin spread t h o u s . of l b s . . S h i p m e n t s billed: 733,359 529,959 789,906 Light goods linear y d s . . 006,266 993,919 414,495 H e a v y goods.* „ linear y d s Unfilled orders, end of m o n t h : 448,574 397,225 744,472 Light goods linear y d s '1,294,800 871,848 2,338,240 H e a v y goods linear y d s " * T w e l v e m o n t h s ' average, J u l y to J u n e , inclusive, ending t h e year Indicated. * Eleven m o n t h s ' average. J a n u a r y to N o v e m b e r , Inclusive. * As of t h e 15th of t h e m o n t h since December. 1923; orior t o tbat tfme reported as of the 1st of the m o n t h . * Relative to 6 months* average, J u l y t o December, inclusive. * E e l a t i v e to 11 m o n t h s ' average, F e b r u a r y to Dece a b e r , inclusive. 152 -33.0 -37.9 -5.4 •35 37 TREND OF BUSINESS MOVEMENTS—Continued NOTE*—Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. T h e M a y issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. in many cases June figures are now available and may be found in the special table on page 29. Per ct. increase N U M E R I C A L DATA 1924 April May Corresponding month, April or May, 1923 or decrease CUMULATIVE TOTAL FROM JANUAET 1 THROUGH LATEST MONTH 1923 cumu* lative 1924 from 1923 1924 Perct increase INDEX NUMBERS BASE TEAR OB PEE1OD 1923 1924 or decrease Apr. May Feb. Mar. Apr. May from Apr. METALS Iron Ore a n d F i g Iron Iron ore: StocksTotal thous. oftons._ At furnaces thous. of t o n s . . On Lake Erie docks...thous. of tons.. Consumption . . t h o u s . of tons.. Shipments from mines— Through Saulte Ste. Marie thous. of short tons.. Through upper lake ports thous. of long tons., Receipts— Lake Brie ports and furnaces thous. of long tons.. Other ports thous. of long tons., Pig iron production thous. of long tons.. Furnaces in blast: Furnaces ...number.. Capacity long tons per day.. Merchant pig iron: Production thous, of long tons.. Sales „. thous. of long tons.. Shipments . . t h o u s . of long tons.. Unfilled ordejrt thous, of long tons.. Stock, merchant furnaces thous. of long tons.. Stock, steel plants thous. of long tons-. Ohio gray-iron foundries: Meltings long tons.. Meltings per cent of normalStocks long tons., Receipts long tons.. Foundry No. 2, Northern Basic Valley furnace . . Composite pig iron Malleable castings: Productions Shipments Orders booked Operating activity 21,608 16,717 4,891 3,830 18,865 14,786 4,347 6,119 26,845 6,081 659 •6,518 6,672 44 83 3,233 4,358 1,869 2,615 4,264 1,226 3,868 ' 230 96,365 184 77,300 321 125,100 454 99 396 731 396 165 329 607 600 129 515 1,256 945 167 1,010 199 340 19,435 14,636 4,799 4,882 175 624,787 23,470 74.60 27,377 15,969 6 79,90 628,335 6 21,925 dolls, per long ton.. dolls, per long ton.. dolls, per long ton.. 23.56 21.55 23.41 22.51 20.50 - 22.57 tons.. tons.. tons . per ct. of capacity.. 50,978 49,640 39,163 54.0 43,218 46,658 26,866 46.0 •3,334 2,628 23,491 -12.5 M919 M919 M919 M919 6,081 6,805 +11.9 1913 6,686 7,177 +7.3 1913 4,264 1,226 17,165 4,402 1,952 15,388 +3.2 +59.2 -10.4 1913 1913 1913 2,532 2,461 2,415 2,168 1,405 2,078 -14.4 -45.9 -14.0 80,599 00.458 +12.2 81,203 67.752 -16.0 31.97 29.00 30.84 +11.2 +14.2 +1.9 -21.5 64 64 121 (*) 1 5 126 -19.1 1913 1913 115 -20.0 -19.8 1914 1914 1914 1914 120 30 119 56 -12.8 +66.7 -16.9 -17.0 1914 •1921 124 89 +6.9 +19.2 1922 1922 1022 1922 193 144 123 194 1913 1913 1913 147 147 152 120 -4.5 -4.9 -3.6 -15.2 -6.0 -31.4 -14.8 Crude Steel Steel lngotS| P roa " ucti °n_..thous. of long tons.. •4,216 • 19,560 -10.1 17,693 1913 132 -2L2 -15.0 -15.4 -14.6 -13.8 +22.9 +6.5 +6.8 55,837 28,034 27,803 •92,445 • 39,686 •52,759 525,531 244,708 280,823" 346,565 175,979 170,586 -34.1 -28.1 -39.3 1913 1913 1913 130 140 122 3,628 129 155 47 6,981 158 205 75 648 809 442 692 828 190 +6.8 +2.3 -57.0 1913 1913 1922 1913 71 46 79 165 234,000 79.0 235,967 182,903 362,457 176,582 59.6 196,254 126,487 294,774 260,006 88.6 278,059 242,624 551,139 1,292,728 1,238,564 -4.2 1,284,970 1,257,740 1,173,237 984,740 -8.7 -21.7 1920 1920 1920 1920 1920 136 109 137 130 53 103 82 114 90 43 -24.5 -24.8 -16.8 -30.8 -18.7 92,629 43,945 89,548 43,319 141,781 23,397 1920. 1920 83 876 80 775 40.00 42.33 2.94 2.65 2.50 38.50 41.38 2.86 2.62 2,40 44.60 47.52 3.03 2.79 2.60 1913 1913 1913 1913 1913 155 161 171 160 162 149 157 166 158 160 -3.3 -11.5 -3.7 -2.2 -2.7 -LI -4.0 73 63 10 111 93 18 238 228 10 number 640 number!. 586 number 54 number.. «10,250 643 589 54 511 2,150 2,045 105 2,200 Total bookings short tons.. •65,670 Railroad specialties short tons.. • 33,121 TT ^scellaneous bookings short tons.. '32,549 Unfilled orders, U. S, Steel Corp., end of month thous. of long tons.. 4,208 mports (comparable) thous. of long tons.. 105 s (total) thous. of long tons.. 133 s t h o u s . of long tons.. 44 Finished Iron a n d Steel Sheets, blue black, and galvanized: Production (actual) short t o n s . . Production p e r ct. of capacity.. Shipments short t o n s . . SJg short tons.. short tons.. ks Total short tons. Y ^ short tons. Bteel billets, Bessemer.doHs. per long ton K ^ ^0 d steel dolls, per long ton.. S ^ P 3 } ^ steel dolls, per 100 lbs.. composite finished steel.dolls. per 100 lbs.. structural steel beams...dolls. per 100 lbs.. Iron a n d Steel Products Locomotives: Shipments*Total. Domestic n - number.. number.. number.. Total Domestic Orei sn ^j^OWta I]" dom-ae 469,478 476,206 573,858 314,214 390,161 575,161 513,276 453,861 698,165 1,173 1,111 62 78,800 2,372,969 2,068,125 • Revised. • April, 1923. • Relative to 11 months' average, February to December, inclusive. 566 523 43 73,411 1,968,700 1,922,739 -51.7 -53.0 -30.6 1913 1920 1920 71 183 18 78 207 11 32 84 '8 43 116 4 24 57 11 +52.1 +47.6 +80.0 167 236 22 93 163 229 24 21 3* 52 -6.8 1920 1920 1920 1913 394 40 55 9 125 48 66 13 98 +0.5 +0.5 0.0 -95.0 1922 1922 1922 186 177 178 177 91 189 137 136 166 140 152 162 170 185 15 -17.0 -7.0 T Twelve months' average, June, 1918, to May, 1920. * Index number less than 1. 114 152 156 -33.1 -18.1 +0.2: 38 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period Sept., 1921, toMar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p. 1. In many cases June figures are now available and may be found in the special table on page 29. Per ct, increasi NUMERICAL DATA April May Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH or decumulative 1924 from 1923 1923 1924 115,152 45,468 99,994 64,903 -13.2 +42.7 INDEX NUMBERS BASS YEAR OR PERIOD Perct. increase (+) 1923 or decrease 1924 Apr. May Feb. Mar. Apr. May from Apr. METALS-Continuevl Iron and Steel Products—Continued Vessel construction: Completed during monthTotal gross tons. Steel seagoing *. gross tons. Building or under contract, end of mo.— Merchant vessels.thous. of gross tons. Structural steel, fabricated: Sales (prorated) short tons. Sales per ct. of capacity. Shipments (prorated) short tons. Shipments per ct. of capacity. Steel furniture, shipments thous. of dolls. Machinery Stokers: Sales number. Sales horsepower. Agricultural pump shipments: \ Total thous. of dolls. Pitcher, hand, etc number. Power pumps number. Steam, power, and centrifugal pumps: New orders thous. of dolls. Shipments thous. of dolls. Unfilled orders.. thous. of dolls. Patents issued: Total, all classes number. Agricultural implements number. Internal-combustion engines number. NONFERROUS METALS 36,510 28,408 26,972 , 13,166 15,518 1,034 -53.7 173 150 1916 19 12 16 10 14 153,400 59 184,600 ' 71 1,505 148,200 57 982,800 881,400 -10.3 1913 1913 212 156 155 114 199 146 193 142 177 130 1,506 "~7~405* "1,"623 +8.3 1919' 167 166 177 183 183 89 47,039 64 34,44 194 100,5i: 755 404,696 443 245,588 1919 1919 71 162 83 191 47 118 38 38 91 1919 1922 1922 100 121 104 114 112 135 103 112 109 100 85 119 76 94 45 83 101 46 -6.1 608,576 42,339 3,986 b 610,531 &62,290 6 3,271 166 -9.2 -9.2 0.0 0.0 -9.3 -28.1 -28.1 12,379 13,503 9,121 7,058 6,044 5,993 -33.7 -15.1 1919 1919 1919 125 124 110 90 128 107 85 45 16,930 276 295 16,982 232 244 +0.3 1913 1913 1913 110 -15.9 -17.3 105 53 119 110 61 116 143 76 149 145 71 147 -16.2 -21.4 -23.8 +13.4 +44 9 1913 1913 1913 116 91 108 123 84 99 129 127 81 128 140 87 129 140 84 -0.7 -0.4 -3.8 2,321,968 2,352,156 248,553 200,902 3,428 44 48 64 131,928 98,688 .133 131,054 98,317 .128 125,438 59,010 .156 580,159 313,125 657,968 453,838 217,383 189,280 101,433 102,672 119,467 122,392 1,342,239 1,375,226 1,418,390 1,266,373 +5.7 -7.9 82,650 89,898 65,556 19,124 17,374 .065 81,143 95,332 84,728 20,831 23,433 .062 86,731 94,694 26,038 26,055 20,048 .071 436,050 463,408 399,885 468,064 -8.3 113,174 87,779 115,085 104,477 long tons long tons. long tons, thous. of lbs, dolls, per lb. 4,322 19,023 7,590 22,807 .497 4,067 19,711 5,240 11,316 • .439 3,132 22,187 6,035 11,272 .428 Production index number. Receipts, St. Louis thous. of lbs. Shipments, St. Louis thous. of lbs. Wholesale price, pig, desilverized.dolls. per lb. 12,827 11,120 .083 12,766 9,728 .073 29,517 943 1,491 1,648 6,407 -3.4 -41.3 -39.3 +1.3 +19.2 +9.1 4,089 56 63 Stocks, end of month: United States World visible supply Deliveries (consumption) Imports Wholesale price, pig tin Lead -26.1 79 105 179 1,288 1,"" 2,704 Retorts in operation, end of month..number. Production thous. of lbs. Stocks end of month thous. of lbs. Receipts, St. Louis thous. of lbs. Shipments, St. Louis thous. of lbs. Price, slab, prime western dolls, perlb. Tin 84 57 169,000 65 184,600 71 1,659 1,372 1,298 2,751 Copper and Brass Coppe:ir: Production thous. of lbs, Exports thous. of lbs Wholesale price, electrolytic.dolls. per lb. Tubular plumbing sales: Quantity number of pieces. Value dollars. Zinc 1916 1916 -53.3 -45.8 +1.0 +1.7 +19.0 1913 1913 1913 1913 1913 1913 84 162 22 104 62 133 82 164 32 94 71 121 75 152 91 83 68 123 74 165 79 95 97 118 78 156 81 69 61 112 77 -1.8 165 +6.0 104 +29.2 75 +8.9 83 +34.9 -3.5 1913 1913 1913 1913 1913 185 179 185 176 103 162 179 165 118 95 171 176 242 215 118 93 188 125 82 123 224 154 207 239 111 211 159 143 118 98 151 206 83 203 163 278 104 211 153 234 127 188 32,254 72,033 31,130 75,516 10,518 5,304 .074 63,046 32,281 64,228 45,112 + 1.9 +39.7 1921 1913 1913 1913 147 219 78 188 155 192 61 163 31,236 1,232 46,076 2,249 227,780 6,752 197,188 5,596 -13.4 -17.1 1913 1909-13 107 126 116 205 100 101 2.07 2.04 2.66 1913 227 216 175 3.39 8.06 3.39 7.85 4,39 8.81 . 1913 1913 222 184 200 183 154 178 6,811 2,125 245 7,745 ""275" 8,573 *327 446 1913 1921 1909-13 106 12 147 112 21 155 106 75 108 10.97 11.06 10.63 1913 200 200 216 13.50 13.57 13.67 1913 196 196 203 206 1913 63 65 43 •'48 1913 1909-13 303 277 324 223 281 77 304 153 284 1913 259 211 172 171 155 +4.8 107 -46 -5.9 +3.6 -31.0 -50.4 -11.7 •HI. 8 -as -12.5 -12.0 FUELS Coal and Coke Bituminous: Production thous. of short tons.. Exports thous. of long tons.. Prices— Mine average, spot dolls, per short ton.. Wholesale, Kanawha, f. o. b Cincinnati dolls, per short ton.. Retail, Chicago..dolls, per short ton-. Anthracite: Production thous. of short tons.. Stocks, distrib. points.thous. of long tons.. Exports thous. of long tons.. PricesWholesale, chestnut New York dolls, per long ton.. Retail, chestnut New York dolls, per short ton.. Coke: Production, beehive..thous. of short tons . Production, by product..™....thous. of short ions.. Exports ......thous. of long tons.I Price, furnace, Connellsville dolls, per short ton.. 42,504 38,215 -10.1 1,954 1,413 -17.7 1,079 1,200 1,827 8,307 5,987 3,010 45 4,002 40 3,328 163 15,700 612 16,307 3.78 3.41 5.15 1 April, 1923. -27.9 +3.9 -50.0 +5.8 +30.6 -1.4 0.0 -2.6 +13.7 +33 +as 216 +112 iSJ -9.S 39 TRENf) OP BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items maybe found in the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p. 1. In many cases June figures are now available and may be found in the special table on page 29, NUMERICAL DATA 1024 April May Corresponding month, April or May* 1923 CUMULATIVE TOTAL J-ROM JANUARY » THROUGH LATEST MONTH 1923 1924 276,918 292,613 Per ct. increase, or decrease cumulative 1924 from 1923 INDEX NUMBERS BASE YEAR OR FERIOD 1923 1924 Apr. May Feb. Mar. Apr. May FUELS—Continued Petroleum Crude petroleum: Production .thous. of bbls_. Stocks, end of m o n t h Total (comparable).. _-thous. of bbls_ Days' supply ..number.. Tank farms and pipe lines .thous. of bbls_. Refineries ..thous. of bbls.. Imports ..thous. of bbls.. Consumption— Total ..thous. of bbls.. Run to stills ..thous. of bbls.. Shipments from Mexico...,.thous of bbls.. Stocks—Mexican field .-thous. of bbls.. Price, Kansas-Oklahoma....dolls, per bbl._ Oil wells completed number.. Gasoline: Production .thous. of gals., Exports .thous. of gals.. Domestic consumption... ..thous. of gals.. Stocks, end of month . . thous. of gals.. Price, motor, New York.. ..dolls, per gal.. Kerosene oil: Production ..thous. of gals.. Domestic consumption . ..thous. of gals.. Stocks „ ..thous. of gals., _ Price, 150° water white.,. ..dolls, per gal-. Gas and fuel oil: Production ..thous. of gals.. Domestic consumption" ..thous. of gals.. Stocks ..thous. of gals.. Price, Pa., 36-40 at reflnT. ..dolls, per gal.. Lubricating oil: ..thous. of gals.. Production Domestic consumption ..thous. of gals. Stocks... .. ..thous. of gals. Price, Pa., 600° fil.V'VD'" at refineries , .dolls, per gals. Production: Iotd Passenger cars eSSSfeuS? Production.1 e d i fmonth !hfe ? 2 WrhffiftS'd0mesti0 Production.. Sggjj e ?d of month olid tire?* l t i c St^v UCti0I l"-, ? 8 * e ? d 2f m o n t b ents, domestic. 61,858 a 347,255 163 352,078 168 284,505 149 341,928 39,518 7,297 346,751 40,406 7,393 277,785 31,511 5,995 34,176 36,095 +5,6 a 61,785 55,249 • 13,514 22,527 1.750 1,429 62,336 54 725 12,459 21,585 1.735 1,657 57,669 47,973 12,297 281,478 230,999 60,336 308r708 +9.7 61,023 1.525 1,871 6,942 754,773 114 396 609,078 .,607,786 .200 780,194 94,073 631,705 3,173,824 .71,153 330,787 582,536 2,351,773 ,328,533 .220 203,186 153,307 306,080 .218 ,647,360 1200 199,992 287,707 1215 ,116,764 1,155,936 992,562 ,555,139 1,530,112 .058 loss 96,967 61,413 252,597 104,439 265 492 +1.1 1913 1013 1913 264 159 570 2S3 183 626 5,852 —15.7 1913 1913 3,651,278 475,451 +15.0 +43.7 451,377 305,901 490,892 +6.6 +13.9 +8.8 1919 1919 1919 1919 1913 195 96 188 214 170 283 143 192 232 204 281 175 162 67 205 331 142 291 119 1919 1919 1919 1919 93 111 91 109 97 116 91 105 1919 1919 1919 1919 154 158 164 123 152 160 160 1919 1919 1919 129 131 145 1919 76 163 118 179 +1.4 +2.2 +1.3 +0.9 -0.9 —7.8 —4.2 —0.9 +16.0 187 90 229 373 213 340 119 237 307 4-3.4 -17.8 349 119 +2.5 101 104 105 110 104 132 102 109 102 -1.6 96 108 —6.0 —1.4 176 173 200 112 182 +3.5 197 112 -1.6 U5 161 166 199 115 149 15G 140 133 104 158 137 129 156 148 +7.7 73 SO 84 ao ao -3.5 +5.3 .265 number., '373,199 number.. '337,045 - 36,154 312,813 279,439 33,374 394,190 350,460 43,730 1,652,518 1,493,514 159,004 1,588,567 163,710 +6.0 +6.4 +3.0 1919 1919 1919 • 233 240 i 250 254 144 166 223 244 118 227 244 137 48,030 37,741 4,156 35,400 32,700 8,295 45,402 62,357 12,818 208,059 259,549 21,344 236,673 196,079 14,397 +13.8 -24.5 -32.5 1920 1920 1020 ! 220 154 107 217 159 273 250 109 9 230 96 18,570 15,806 2,764 11,307 8,673 17,102 14,363 2,739 12,850 5,563 15,105 12,500 2,605 11,386 5,559 62,003 52,554 9,449 48,011 24,976 82,528 70,147 12,381 53,629 36,045 +33.1 +33.5 +31.0 +11.7 +44.3 1919 1919 1919 1923 1916 226 ! 239 i 172 j 107 ! 161 219 223 201 129 157 218 238 131 129 198 269 2S3 213 128 245 248 257 211 145 157 —7.9 -9.1 —0.9 +13.6 -35.9 6.0 5.5 3.8 1919 90 08 119 131 +10.1 9,510 11,539 12,079 1920 173 166 +21.3 87 71 thous. of dolls., l 211 404 954,649 1,017,811 620,642 +3.5 +1.4 +3.1 1919 1913 5,475,426 105,363 74,255 297 1913 1919 966,166 4,805,762 918,766 4,611,346 r246 662 .060 "243,*732" t thousands -"thousands.; thousands., thousands., thousands.. thousands., thousands.. thousands. thousands., 39,389 1,752,277 49,123 +24.7 190 II —16.2 202 -17.1 —7.7 127 —26.3 —13.4 +99.6 1,216 4,163 5,084 +22.1 1920 96 2,333 3,016 3,504 16,995 12,688 -25.3 1920 82 85,043 37,238 .168 60,640 62,167 80,107 35,474 .173 47,671 .249 60,918 358,978 196,035 313,314 180,872 -12.7 —7. 1913 1921 1913 1921 719 214 34 $6 S30 266 31 SO 731 187 24 82 4S1 206 21 80 881 208 21 •3,307 •6,164 •2,920 3,039 6,331 2,679 3,660 6,907 2,758 17,410 16,273 14,640 14,088 —5.8 1921 1921 1921 195 144 156 201 164 145 180 125 147 189 137 152 182 146 153 160 145 140 —8.1 +2.7 —8.3 •4,035 •8,627 • 3,521 3,744 8,762 3,559 4,318 9,292 3,414 21,444 19,954 —1. 189 184 154 191 203 149 180 17,305 1921 1921 1921 145 187 179 149 179 189 154 157 182 147 —7.2 +1.6 +1.1 •59 •185 •46 50 188 47 77 268 67 273 —29. -34.6 202 113 165 219 116 153 15* 71 9 173 75 114 168 80 104 111 61 95 —15.3 223 1921 1921 1921 1,105 d 189,177 134,563 272,672 .210 287 1913 .320 BUBBER Crude: Imports thous. of lbs g a m p t i o n - b y Ptire mfrs...thous. oflbs. ' a r a ' N > Y-<io»s. Per lb. K 61,542 .304 By railroads carloads.. giveaways number of machines., Exports* number of machines., Assembled— Total number of cars. Passenger cars... number of cars. r™. | r u c k s number of cars. •foreign assembly number of cars . production percent internal revenue taxes collectedfon: Passenger automobiles and motorcycles thous. of dolls. Automobile trucks and Automobile accessories" and P^ts +5.7 <* 59,433 17,528 341 Revised. +29.3 —26.9 -4.7 +3,0 +l.fi +2.2 40 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items m a y be found in the detailed tables of t h e quarterly issues of the SURVEY. T h e M a y issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the special table on page 29. Per ct. increase NUMERICAL DATA 1924 April May Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1928 1924 283,125 20,196 167,196 39,946 39,972 149,016 15,952 72,815 25,562 or decrease cumulative 1924 from 1923 INDEX NUMBERS BASE YEAR OR PERIOD Perct increase 1923 1924 or decrease Apr. M a y Feb. Mar. Apr. May from Apr. HIDES AND L E A T H E R Hides Imports: 35,009 Total hides and skins thous. of l b s . . 2,987 Calfskins thous. of l b s , . 17,493 Cattle hides thous. of lbs_. 6,144 Goatskins thous. of l b s . . 6,904 Sheepskins thous. of l b s . . Stocks, end of month: Total hides and skins thous. of l b s . . 2G2,933 Cattle h i d e s . . . . thous. of lbs_. 223,239 25,314 Calf and kip skins thous. of l b s . . 14,380 Sheep and lamb skins thous. of l b s - . Prices: Green salted, packer's heavy native .122 steers dolls, per l b . . .161 Calfskins, country N o . 1 dolls, per lb— 1909-13 1909-13 1909-13 1909-13 1909-13 147 62 209 83 155 305,218 62,637 22,984 1921 1921 1921 1921 87 88 85 70 .119 .165 .187 .171 1913 1913 102 1,142 31,383 110,627 1919 1919 1919 1921 1921 31,759 3,399 15,990 5,992 4,993 60,151 4,890 35,150 9,783 7,709 259,206 215,981 28,140 15,085 -47.4 —21.0 -56.4 —36.0 —33.4 140 72 183 119 146 68 54 68 62 102 72 48 82 61 101 -9.3 +13.8 -&6 -2.5 -27.7 68 72 56 47 -1.4 -3.3 +11.2 +4.9 101 90 96 76 100 90 166 112 113 140 89 170 115 116 142 65 129 104 85 128 65 147 112 84 123 63 151 103 82 109 90 85 92 82 90 65 -2.5 +2.5 Leather Production: Sole leather...thous. of bks., bends, sides.. •1,173 Skivers doz.. • 35,171 Oak and union harness stuffed sides.. > 123,039 21,164 Finished sole and belting thous. of lbs.. 62,933 Finished upper thous. of sq, ft.. Stocks, end of month: Sole and belting thous of lbs.. 158,676 Upper thous. of sq. ft_. 379,357 Stocks, in process of tanning: 88,312 Sole and belting thous. oflbs.. Upper thous. of sq. ft.. 136,502 Exports: 2,205 Sole :..thous. of lbs— 9,160 Upper thous. of sq. ft.. Prices: Sole, oak, scoured backs, .460 heavy Boston dolls, per l b . . .460 Chrome calf, " B " grades.dolls. per sq. ft.. 8,153 192,902 697,802 142,328 414,051 6,119 165,178 622,439 109,172 350,707 —24.9 —14.4 —10.8 —23.3 —15.3 -2.6 -10.8 —10.1 -1.7 +4.7 65,913 1,674 39,693 136,180 29,772 82,164 156,366 378,810 165,862 395,660 1921 1921 85 93 86 94 86,467 132,561 111,983 161,846 1921 1921 100 100 101 99 79 88 79 83 —2.1 -2.9 2,261 9,165 1,710 6,174 1913 1913 41 66 70 52 80 85 104 +2.5 +0.1 .460 .460 .540 .440 1913 1913 120 120 163 103 171 0.0 0.0 372 644 330 563 513 947 2,488 4,592 1,996 3,414 19.8 -25.7 1919 1919 27,847 571 25,090 754 30,926 788 159,675 3,189 135,130 2,736 15.4 14.2 1919 1913 6.25 6.25 6.50 1913 7,186 32,577 8,872 36,822 +23.5 +13.0 163 81 -1.5 -1.3 Leather Products Belting sales: Quantity thous. of lbs. Value.thous. of dolls. Boots and shoes: Production thous. of pairs. Exports thous. of pairs. Wholesale pricesMen's black calf, blucher dolls, per pairMen's dress welt, tan calf, St. Louis dolls, per pair. Women's black kid, Goodyear welt, St. Louis dolls, per pair. 72 69 52 61 54 52 47 -11.3 -12.6 115 90 112 94 97 60 105 62 101 -9.9 +32.0 2.09 2.09 2.01 2.01 2.01 2.01 0.0 L53 L53 L53 0.0 L42 0.0 4.85 4.85 4.85 1913 1.53 1.53 1.53 3.85 3.85 4.25 1913 1.42 1.42 1.42 l;42 1.42 18,431 62,864 13,291 82,746 17,668 72,932 120,230 439,611 89,571 444,909 -25.5 1909-13 1909-13 104 276 107 286 107 487 137 339 112 246 -27.8 +31.6 tons., tons.. tons., tons., tons- 128,249 127,505 145,271 111,944 1,569 134,219 131,289 144,579 113,262 1,421 138,868 136,979 "190,558 115,143 1,496 626,944 625,365 917,315 535,678 7,218 629,615 618,168 697,065 558,041 7,393 +0.4 1919 1919 1919 1913 1913 102 103 138 610 41 121 119 134 629 42 103 102 92 564 39 104 103 102 665 112 111 102 611 44 +4.7 +3.0 -a 5 ...short tons.. _..short tons'.. 31,699 166,391 34,479 166,068 20,832 176,347 1919 1919 79 107 87 114 127 119 129 113 132 .107 no. of titles>. no. of titles.. 672 129 653 130 596 3,127 436 2,867 763 -8.3 +75.0 1913 1913 327,911 245,975 81,936 297,764 225,103 72,661 286,603 208,705 77,898 1,531,220 1,103,153 428,067 1,580,302 1,159,799 420,503 +3.2 +5.1 -L8 1922 1922 1922 76 74 82 72 69 80 PAPER AND P I T T I N G Wood-pulp I m p o r t s Mechanical Chemical _ Newsprint Paper Production Shipments Consumption Imports Exports Stocks, end of month: At mills At publishers... short tons. short tons. short short short short short +1.2 -1.2 -24.0 +4.2 +2.4 Si ill Printing Book publication: American manufacture Imported Paper Boxes Production: Total thous. of sq. ft.. Corrugated thous. of sq. ft.. Solid fiber thous. of sq. ft-. Operating activity: Total per cent of normal.. Corrugated per cent of normal.. Solid fiber per cent of normalPrice index numbers: Finished boardCorrugated index number.. Solid fiber index numberRaw materials— 85 test liners index number.. SHPindex number.. index number,. A^i»^ 70 135 149 108 128 140 101 139 154 111 151 166 125 +14.2 +as r-9.2 -8.5 -1L3 -48 -2.4 1922 1922 114 115 114 112 1922 1922 117 134 123 117 132 105 104 97 41 TREND OF BUSINESS MOVEMENTS—Continued NOTE.-"Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p. 1. tn many cases June figures are now available and may be found in the special table on page 29* N U M E R I C A L DATA 1924 April I May Corresponding month, April or M a y , 1923 CUMULATIVE TOTAL . FROM JANUARY 1 THROUGH LATEST MONTH 192S 1924 Per ctincrease or decrease i (-) cumulative 1924 from 1923 Perct increase INDEX NUMBERS BASE TEAK OR PERIOD (+) or decreaseMay from Apr. May Feb. Mar. Apr. | M a y Apr. 1923 1924 PAPEE AND FEINTING—Continued Other Paper Products 62.9 Folding boxes, orders per cent of capacity..' 29.0 Labels, orders ..per cent ot capacity.. Rope paper sacks, shipments..index number. Abrasive paper and cloth: Domestic sales reams.. <* 79,704 Foreign sales reams.. a 11,620 BUTTONS Fresh-water pearl buttons: Production per ct. of capacity.. Stocks, end of month thous. of gross.. 41.6 14,191 &70.0 70,890 11,018 101,418 12,370 32.7 14,151 53.0 13,770 504,352 52,901 435,591 50,104 -13.6 -5.3 1921 1921 1922 129 +10.3 1919 1919 113 120 -3.5 -5.2 -21.1 -0.3 1922 1922 GLASS AND OPTICAL GOODS Illuminating glassware: Net orders per ct. of capacity.. Actual production per ct. of capacityShipments billed per ct. of capacity.. Spectacle frames and mountings: Sales (shipments) ....index number.. Unfilled orders (value) index number.. U 1922 » 1922 « 1922 1913 1919 BUILDING CONSTRUCTION Building Costs (Index Numbers) Building materials: Frame house, 6-room, 1st of fol'g mo Brick house, 6-room, 1st of fol'g mo Building costs (Engineering News Record), 1st of following month Concrete factory costs (Aberthaw), 1st of following month , Plumbing fixtures, 6 articles Construction and Losses Contracts awarded (27 States) : Business buildings thous. of sq. ft.J Industrial buildings thous. of sq. ft.. Residential buildings thous. of sq. ft. Educational buildings.....thous. of sq. ft.. Other public and semipublic buildingsi» thous. of sq. ft.. • r w ^ ? r a n d total thous. of sq. ft.. Contracts awarded, value (27 States): SSS?? W? 1 1 * 3 thous. of dolls.. industrial buildings thous. of dolls..! Residential buildings thous. of dolls.. ^aucational buildings thous. of dolls.. 7. Public and semipublic Itoings^ thous. of dolls.. 1 thous. of dols.. ™tedStatesand Canada.thous. of dolls. J weat Britain thous. of £ sterling. Southern pine: p ™? u c t i on (computed) M ft. b. m._ ^«:::::M & £ -(computed).M ft. b . 1913 r 225 -2 3 -0.5 -1.1 34,332 3,949 42,120 32,002 160,046 20,035 41,810 19,284 183,556 22,238 -0.7 -39.7 +14.7 +11.0 1919 1919 1919 1919 103 47 194 305 106 69 170 206 4-18.2 -16.3 -18.0 +11.2 4,586 57,709 3,529 60,430 16,130 270,435 18,613 287,384 +15.4 +6.3 1919 1919 175 138 157 129 +21.7 -8.9 42,683 64,181 196,775 29,998 48,390 20,213 165,376 35,037 53,133 47,557 148,773 24,346 204,505 158,966 +9.7 -17.8 +24.3 +15.6 1919 1919 1919 1919 134 118,732 224,291 130,611 856,556 137,264 58 231 360 157 111 210 244 +13.4 -G2.7 -16.0 +16.8 25,738 426,103 32,285 358,554 24,042 374,400 104,336 1,512,664 127,606 1,691,724 +22.3 +11.8 1919 1919 186 166 166 174 +25.4 -15.9 31,816 1,613 27,832 847 34,016 1,261 187,200 6,607 160,746 4,552 -14.1 -18.8 1919 1920 146 314 152 178 -12.5 476,998 484,501 478,576 2,250,697 2,329,052 448,535 486,486 509,334 2,462,005 2f 286,773 471,233 440,790 , 406,131 2,397,478 2,254,874 ,131,408 1,129,893 1,010,591 351,427 349,936 79,265 68,047 72,597 til 1917 1917 • 1917 1917 1919 101 109 99 77 152 113 115 91 74 155 106 95 86 80 165 111 99 93 7,954 4,488 42,009 9,245 3,755 34,428 4,83G 5,378 3,769 63,347 41.66 9,759 -5.9 -a 4 -47.5 82 137 114 110 99 S2 142 +1.6 +8.5 -6.5 -0.1 +6.7 181 -4.3 1913 232 224 193 191 +5.8 -2.3 +63.3 1917 1917 1919 1922 1913 155 176 147 130 234 149 166 181 95 234 159 164 223 361 212 149 167 202 663 201 145 174 174 361 190 142 I; -2,5 158 -9.3 212 +22.1 182 -49.4 190 0.0 51.69 2,404,442 2,545,074 2,676,597 2,614,943 314,737 192,747 311,969 +264.4 85,601 494,524 510,595 53,219 26,201 17.50 521,070 534,972 45,501 13,632 21.50 51,966 38,462 30,286 62,021 41,764 38,986 67,938 57,326 55,336 256,537 267,405 292,641 259,394 205,595 200,682 +1.1 -f-23.1 -31.4 1918 1918 1918 123 185 151 181 201 193 118 136 132 166 173 183 139 135 105 166 146 136 +19.3 +8.6 +28.7 108,329 66,798 496,003 131,127 60,362 483,814 144,244 68,019 405,835 326,432 276,003 348,346 306,595 +6.7 +11.1 1918" 1918 1918 175 171 124 274 213 153 71 198 199 105 200 174 206 209 18' 219 189 182 +21.0 -9.6 -2.5 5,511 6,997 39,823 5,719 6,716 37,487 9,180 9,551 41,100 33,465 40,004 25,014 28,740 -25.3 -28.2 1917 1917 1917 32 62 40 53 54 39 23 27 31 36 3! 32 39 37 33 38 35 +3.8 -4.0 -5.9 16,011 10,765 74,332 15,251 9,066 77,780 18,281 13,253 102,970 79,264 76,552 72,948 54,691 -&0 -28.6 1917 1917 " 1917 47 49 45 66 42 46 5' 44 3: 68 34 33 55 29 35 -4.7 -15.8 +4.6 t. b. m . J Includes hospitalsjpu^lic buifdingsfsocia?, religious, and memorial buildings, formerly shown separately in the Survey of Current Business. -as 222 43,5S0 51,825 17.50 M K. b. 11 221 M ft. b. m_J 507,193 563,149 ..Mft. b.i ..Mft.b.L Mft.b.m.. " 's.perMft.b.m.. • Revised. 217 1914 1913 -dolls, per M ft. b. m_. 43.55 vKS^S™V**9 -1.0 1913 1913 42 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. The May isswe (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at 'the end of this issue. See Contents, p. 1. In many cases June figures are now available and may be found in the special table on page 29, Per ct. increase NUMERICAL DATA 1924 April May Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1923 INDEX NUMBERS (+> 1924 Perct. in- or decrease (-) cumulative 1924 from 1923 BASE YEAR OR PERIOD +9.0 1917 1917 1920 160 119 180 139 93 128 105 135 122 106 +3.4 -0.6 +3.0 +4.2 -3.0 1919 1919 153 168 129 147 145 163 149 151 -2.4 +5.2 -3.6 -7.6 1920 1920 124 86 184 102 -10,6 -7.3 1920 1920 124 226 194 226 -26.0 -22.3 1913 1913 65 66 +3.3 -16.9 1913 1913 +29.4 +17.3 (+> or decrease 192S 1924 Apr. May Feb. Mar. AprJ May & from Apr. BUILDING CONSTRUCTION—Contd. Lumber—Continued Western pine: 178,088 Production (computed)..* M ft. b . m . . «172,195 197, 074 619,735 675,287 Shipments (computed) M ft. b. m_. 130,222 129,505 153, 220 674,476 663,454 Stocks, end of mo. (computed) _M ft. b . m._ 974,168 1,003,549 820,640 North Carolina pine: Production (computed) M ft. b . m . . 50,400 51,660 250,362 44,170 240,170 Shipments (computed) M ft. b. m . . 52,430 49,840 261,660 253,757 47,460 Northern pine: Lumber— Production M ft. b. m . . 52,718 59,360 222,615 74,071 230,971 Shipments M ft. b. m ~ 42,856 40,405 239,502 221,292 51,132 Lath— Production M ft.b. m_. 14,092 12,578 59,815 18,616 53,453 Shipments M ft. b. m._ 15,098 11,494 14,381 60,771 65,568 Northern hemlock: Production M ft. b. m__ 22,794 19,800 129,544 27,640 95,889 Shipments M ft. b. m_. 20,951 18,821 96,569 31,170 124,363 Northern hardwood: 37,642 Production M ft. b . m__ 52,249 48,531 236,899 229,242 Shipments! M ft. b. m ~ 28,070 24,730 34,388 151,170 181,860 Walnut lumber: Production M ft. b.m._ 3,704 3,647 2,799 15,692 12,129 Shipments M ft. b. m . . 3,285 2,428 2,535 15,615 13,316 Stocks M ft. b. m._ 8,167 9,355 7,355 Walnut logs: Purchases M ft. log measure.. 3,339 2,756 2,647 12,564 12,894 Made into lumber and veneer.. M ft. log measure,. 2,502 2,880 2,384 12,591 9,992 Stocks._ M ft. log measure,. 3,312 3,801 3,395 All lumber: Production, 10 species-.......M ft. b. m_. 1*2,618,279 12,632,763 2,742,801 12,075,363 12,433,839 Exports, planks, joists, etc M ft. b. m_. ' 148,937 157,769 152,927 837,815 686,636 Retail yards, Minneapolis— Sales thous. of dolls.. 11,383 13,333 19,031 56,534 44,784 Stocks M ft. b. m., 124,622 123,780 141,407 Composite lumber prices: li Hardwoods dolls, per M ft. b. m . 44.55 43.29 49.26 Softwoods dolls, per M ft. b. m_ 32.00 30.59 36.27 -1.6 91 100 131 85 190 204 131 238 73 86 50 53 48 54 53 52 161 159 171 135 '182 140 183 136 185 111 133 97 -28.0 -1L9 1922 1922 1922 131 156 70 155 132 72 150 185 77 170 168 76 205 170 80 202 126 -1.5 -26.1 +14.5 +2.6 1922 165 181 163 144 189 229 +21.2 +26.0 1922 1922 154 162 180 163 168 181 215 147 189 159 217 182 +15.1 +118 +3.0 +22.0 1913 1909-13 115 79 125 80 110 89 115 86 119 120 +0.6 +5.9 *-20.8 1920 1920 81 71 113 70 32 58 47 61 61 +17.1 -0.7 1921 1920 119 74 118 73 109 65 106 107 65 -2.8 -44 +12.6 -5.7 147 +12.0 -23.9 +15.1 +11.3 Wooden Furniture . Shipments Unfilled orders dolls., average per firm. dolls., average per firm. 34,533 34,193 * 37,153 * 64,540 149,828 139,104 -7.2 1920 1920 100 42 27 Flooring Oak flooring: 33,927 37,769 435 489 508 566 +11.3 34,636 460 519 149,472 163,524 +9.4 1913 Production M ft. b. m . 32,442 38,185 507 508 540 635 +17.7 32,009 534 533 148,234 162,695 +9.8 1913 25,867 30,853 470 426 424 505 +19.3 22,677 Shipments M ft. b. m . 414 372 151,211 153,570 1913 +1.6 44,677 49,706 425 451 496 552 +11.3 26,816 Orders booked M ft. b. m.. 264 298 1913 45,938 41,164 732 707 634 568 Iia4 Stocks, end of month M ft. b. m_. 49,548 791 683 1913 Unfilled orders, end of month.M ft. b- m.. 83 -15.7 9,900 99 Maple flooring: 100 8,349 97 12,069 120 114 61,076 48,296 -20.9 1919 55 -21.3 8,225 69 Production M ft. b. m., 78 6,472 73 12,999 128 110 68,132 40,690 - 4 0 . 3 1919 -1.0 4,819 34 34 Shipments „ M ft. b. m_. 4,769 52 8,034 61 57 77,793 40,360 -48.1 77 1919 +3.5 24,383 Orders booked M ft. b. m.. 25,243 149 158 163 -22.8 19,131 147 123 124 1919 13,902 28 Stocks, end of month M ft. b. m.. 36 10,736 46 34,578 51 90 96 1919 Unfilled orders, end of month.M ft. b. m.. Brick Clay fire brick (computed): -6.1 Production thousands.. 62,708 58,900 117 130 124 116 67,215 127 133 319,300 303,260 1919 -5.0 -5.6 Shipments thousands.. 57,204 54,027 114 116 113 107 +2.2 66,296 313,094 129 131 281,555 - 1 0 . 1 1919 Stocks, end of month thousands.. 216,710 221,583 145 153 156 160 —22.0 158,867 114 114 1919 New orders .thousands.. S5 56,095 43,728 131 115 109 53,058 351,207 130 103 292,641 -16.7 1919 Unfilled orders thousands.. 81,237 70,938 84 87 76 -12,7 85 115 107,381 130 1919 Silica brick (computed): -16.5 Production thousands..) 17,180 160 322 102 -22.1 14,346 16,679 123 119 76,281 99 84,770 +11.1 1919 98 Shipments thousands.. 17,658 157 126 13,751 18,004 130 123 78,852 103 +10.4 +1.4 1919 87,058 Stocks, end of month thousands.. 43,615 106 104 106 44,211 42,304 101 101 1919 Face brick (32 identical plants): +6.0 179 Production .thousands.. 26,373 135 27,954 26,057 123 108,737 150 167 JlQ.4 112,043 1919 +3.0 Stocks on yards " thousands.. 58,462 52,398 276 253 23S 213 179 192 -7.3 1919 169 Unfilled orders thousands.. 50,086 46,426 147 163 182 213 57,363 245 208 +4.5 1919 204 Shipments ^ thousands.. 174 28,482 29,760 110 29,421 211 "II6,"975 189 ~id9,"203 "1920 -1.6 Paving brick: Production— +16.8 Actual.... thousands.. 26,569 34,382 +56.8 3*750 Relation to capacity per cent.. 69 71 Shipments thousands.. 15,827 24,507 26,209 Stocks, end of month ..thousands..' 122,123 122,303 77,662 Orders received thousands.. 20,847 46,147 34,475 Cancellations thousands.. 665 444 2,158 +20.5 Unfilled orders, end of month.thousands83,184 100,242 90,644 Prices, common brick: ao 305 I 305 Wholesale, red, New York.dolls. per thous... 305 I 305 2a 00 2a 00 20.00 305 1 305 1913 « Revised. 6 AprU, 1923. i* Average of quarterly inventories. week of the following month indicated, weighted on the basis of production. month, there" Prices are avei fflirrent ^ o t ndute f o r m e d brick in kilns as reported prior to September, 1923.. Actual ^ to cnwamw fore, are not comi „ « » w *.*.*«* *** j^cc«iuuei 1923.. ™r The index numbers, however, have been computed on a chain relative basis and are strictly compai » Ten months' average, March to December inclusive 4? 43 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on t h e following Items m a y be found in the detailed tables of t h e quarterly Issues of t»:e S U R V E Y . T h e M a y issue (No. 33) showed complete d a t a for t h e period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items a p p e a r a t tbe end of this issue. See C o n t e n t s , p . 1. In m a n y c a s e s J u n e figures a r e n o w available a n d m a y b ef o u n d i n t h e April special t a b l e o np a g e 29. B U I L D I N G Per ct. increase NUMERICAL DATA 1024 May Corresponding month, April or M a y . 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1923 1924 50,349 49,255 53,249 47,460 o r d e - ,| crease (-) cumulative 1924 from 1923 Perct. increase INDEX NUMBERS BASE YEAR OR PERIOD (+) 1933 1924 or decrease Apr. May Feb. M a r . A p r . M a y from Apr. U C O N S T R U C T I O N — C o n t d . C e m e n t Production thous. Shipments thous. Stocks, e n d of m o n t h thous. Price, Portland: Chicago district dolls, Lehigh Valley dolls, Concrete paving contracts: Total thous. of Roads thous. of of bbls_ o f bbls. of bbls_ 11,726 12,771 <* 17,159 13,777 14,551 16,403 12,910 14,257 10,144 bbh bbl. 1.75 1.75 1.76 1.75 1.75 1.90 sq. yds. sq. yds. 10,196 7,004 per per 6 7,370 6 4,550 22,282 15,152 +5.8 -3.6 1913 1913 1913 ISO 197 146 +17.5 +13.9 -4.4 1913 1913 173 197 0.0 0.0 26,780 18,836 +20.2 +24.3 1919 1919 +2.1 +1.3 1919 120 +6.2 1923 106 +0.5 1923 1923 98 134 +3.1 +25,4 10S 95 90 -35.7 Roofing Preparing roofing: Shipments thous. of roof squares.. Roofing felt: Production, d r y felt tons Stocks— " Total: „ tons _, D r y felt Itons.. Receipts— 5*gs tons.. Paper tons.. Miscellaneous tons,. 2,350 2,496 2,853 12,444 12,701 17,016 17,108 17,941 80,250 81,316 11,686 2,590 12,052 3,247 14,078 2,485 16,093 5,760 l f 587 16,669 5,544 1,020 13,504 6,338 1,019 76,895 30,104 5,923 77,011 29,847 7,445 +0.2 -0.9 +25.7 1923 1923 1923 102,984 65,299 97,606 101,146 64,399 74,494 93,583 33,866 77,686 460,705 514,977 +11.8 588,276 564,l89 -4.1 1919 1919 1919 254 84 151 - L 8 -1.4 -23.7 128,002 125,695 104,210 110,697 144,088 72,441 109,759 44,391 102,677 507,553 649,910 +28.0 number.. number.. 750,139 616,815 -17.8 1919 1919 1919 215 39 195 -13.5 +14.6 -3tt 5 - 130,247 102,458 110,813 126,627 116,826 85,864 110,013 47,539 107,050 558,005 1919 1919 1919 90 43 157 -2.8 +14.0 -22.5 79,249 81,561 61,032 78,100 94,829 48,571 57,866 49,984 62,283 1919 1919 »' 1919 191 70 156 -1.4 +16.3 -20.4 »' 1921 1*1921 780 851 -10.4 -20.3 Sanitary Ware Baths, enamel: Orders s h i p p e d . °t(>cks Order received Lavatories, enamel: Orders shipped °t0.cks number number.. number 1Sfvd numb€r ::::::::::::SSS&number : ::;:::":-:-SSS&' '-/-number: number.. Jl^bs Small ware Acetate of lime: Sh?n U C t i ? D th0 H p t a i or use month Methano?' thous. of lbs_. thous o f lbs " "' ^ « S . Of lbS.. -12.7 273,672 395,741 +44.6 "375,~635 214,309 296,497 549,450 1,066 772 12,650 12,002 30,535 11,539 8,102 14,823 17,938 9,007 559,202 798,369 673,746 636,122 566,870 602,457 gallons.. 2,656,211 |2,615,144 |2,429,617 month -10.7 -41.0 1922 1922 1922 3,927,477 3,318,601 3,474,427 3,180,397 -15.5 -8.5 1922 1922 1922 65,635 866,518 90,509 760,123 440,445 tons. tons. 10,727 73,219 9,608 73,541 10,005 107,329 97,579 622,406 thous. of lbs. 1,024 387 93,828 1,885 374 126,271 906 579 104,641 3,372 2,658 433,488 long long d a ----- 64,889 46,702 72,672 79,194 72,430 849.991 (carbonized) Imports. f-^° 683,279 number., CHEMICALS f S 239 118 689,086 +23.6 782,628 IongtODS indei 126 110 59 95 -8.8 -32.5 +11.3 99 100 95 -17.0 102 92 -9.4 +1.9 45 170 -10.4 +0.4 +5.6 -1.5 -16.2 1922 1922 141 81 93,760 571,557 -3.9 +9.4 1909-13 1909-13 47 249 4,931 2,363 465,334 +46.2 -11.1 1909-13 1909-13 1909-13 • 1,985 2,000 95 1 101 307 ,292 122 +84.1 -3.4 +34.6 244 137 132 ISO 75 230 137 156 153 70 +10.6 -2.8 -1.3 -3.2 0.0 +7.3 number. U S Aug. 1914 Aug. 1914 Aug. 1914 1913 1913 253 134 132 ISO 71 i«1920 i»1920 107 49 NAVAL STORES -0.2 +124.3 +5.1 15,581 22,456 34,949 23,595 34,130 18,224 72,068 71,936 57,310 203,159 112,571 234,644 105,626 211,063 333,740 313,040 6.2 barrels-. "1920 1*1920 116 101 105 thous. of lbs.. t h o u s . of lbs.. 3,552 108,935 2,919 75,806 3,144 79,698 29,874 311,140 19,569 474,572 -34.5 +52.5 1913 1913 19 301 11 373 499 20,461 20,083 17,493 MS, 606 18,454 78,384 96,564 90,542 108,378 +15.2 +12.2 1913 1913 155 152 143 156 130,953 66,127 "23,675 1919 12 201 117 +96.4 +15.5 16 484 10 354 -17.8 -30.4 190 199 .19; 169 169 1 1 4 7 FATS AND OILS b ImnorS"** Oleomargarine*" »5 SSgSF* Stocks Production -12.9 Cottonseed * thous. «b Revised. A p r i l , 1923 73,112 45,104 .101 75 38 134 1919 <*23,714 91 35 19 1919 368,063 +0.3 366,938 «20,592 139 162 161 1913 117 " E i g h t m o n t h s average, M a y to December* inclusive. , A. . A » C r o p year average, beginning A p r . 1 and ending M a r c h of t h e year indicated. 52,323 32,736 26 13 -49.5 76 41 139 54 30 135 -2S.4 -27.4 -3.0 44 TREND OF BUSINESS MOVEMENTS—Continued OTE.—Back data on the following items may be found In the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the special table on page 29. Per ct. increase NUMERICAL, D A T A INDEX NUMBERS >erct. in- (+) 1924 April May Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1928 1924 or decrease (-) cumulative 1924 from 1923 BASE YEAR OR PERIOD (+) 1923 or decrease 1924 Apr. May Feb. Mar. Apr. May ft from Apr. FATS AND OILS—Continued Flaxseed Receipts: Minneapolis Duluth Shipments: • Minneapolis Duluth _ Stocks: Minneapolis Duluth Linseed oil: Shipments from Minneapolis Linseed-oil cake: Shipments from Minneapolis thous. of bushs., thous of bushs_. 210 100 294 210 238 1,919 547 thous. of bushs.. thous. of bufh?.. 146 133 101 157 29 163 353 thous. of bnshs.. thous. of bnshs.. 81 132 70 160 thous. of lbs_. th»us. of lbs.. 8,765 1,375 683 -8.3 +24.9 1913 1913 850 +94.3 +34.1 1913 1913 20 1913 1913 +40.0 +110.0 108 -30.8 +18.0 121 6 70^ 4 -13.6 +21.1 -30.4 6,213 9,845 45,041 52,320 +16.2 1913 67 65 74 80 6,978 10,011 72,081 72,258 +0.2 1913 53 33 52 53 29 60,032 47,218 -21.3 1913 86 121 -20.4 FOODSTUFFS Wheat Exports, including flour *_thous of bushs*, Visible supply: United States thous. of bushs., Canada thous. of bushs.. Receipts, principal markets ..thous. of bushs.. Shipments, prin. markets thous of bushs.. Wheat flour: Production thous. of bbls.. Consumption ...thous. of bbls.. Stocks thous. of bbls.. Prices: No. 1, northern Chicago...dolls, per bush.. No. 2, red winter, Chicago.dolls. per bush.. Flour, standard patents, Minneapolis dolls, per bbl.. Flour, winter straights, Kansas City. dolls, per bbl.. 8,418 7,206 14,396 57,383 93,380 10,123 12,017 45,258 62,299 15,368 16,646 37,203 41,498 16,742 22,191 9,521 8,588 6,700 9,765 9,089 6,400 9,007 8,701 6,800 1,128 1,038 1,177 1,066 6,350 84 79 71 -144 112 372 57 60 96 286 32 60 76 -21.1 191 -33.3 49 +51.8 84 +38.0 1913 1913 1919 1919 83 220 70 63 • 62 127 53 111 122 387 63 53 1914 1919 1919 92 103 79 93 107 72 106 107 76 109 117 72 98 105 71 100 in 68 +2.6 +5.8 +15 1,200 1,289 1913 1913 137 134 31 131 129 114 128 110 124 105 129 108 +4.3 +2.7 6,638 6,720 1913 152 147 138 137 +15 5,294 5,470 5,675 1913 149 148 139 139 +3.3 2,150 19,794 17,535 15,912 6,437 1,853 13,480 16,131 17,546 5,027 5,358 35,036 14,679 10,663 16,187 6,084 122,706 85,605 28,166 138, 053 91, 680 33,209 1913 1913 1919 1919 1913 133 291 113 161 126 127 102 71 183 145 84 243 290 240 170 95 325 202 196 187 -13.8 -31.9 -8.0 +10.3 -21.9 1913 127 130 128 127 -0.5 1913 1913 1913 82 126 39 65 78 35 91 102 16 81 96 11 -0.2 -36.9 -25.9 1913 124 120 131 128 1913 1913 28 48 1913 107 119, 622 78,055 79,166 62,499 -33.8 -19.9 48,145 43,270 51,150 45,259 +6.2 +6.2 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.. Other Grains Oats: • Receipts, principal is. of bushs. markets thous Visible supply. thous \s. of bushs. Exports, including meal..thous, 5. of bushs. Prices, contract grades, Chicago dolls, per b u s h . . Barley: Receipts, principal s. of bushs. markets thous, Exports thous , of bushs. Prfce, fair to good, malting, Chicago dolls, per b u s h , . Rye: Receipts, principal markets thous,.of bushs.. Exports, including flour..thous,..of bushs.. Pace, N o . 2, Chicago dolls.. per bush.. .790 13,769 10, 656 185 .786 13,737 6,720 137 .489 -58.1 +12.5 +7.1 +17.9 .809 13,454 13,514 1,069 87,547 79,263 4,581 4,581 -9.5 -61.4 .451 2,804 706 2,204 448 1,806 365 .803 .761 .673 960 2,147 .662 2,488 1,999 .671 4,639 .777 13,606 37,464 3-5,853 25,827 33, 622 8,880 4,000 5,200 6,660 8,400 2,600 6,920 6,000 3,200 123,034 71,449 703,884 14,041 3,937 14,298 3,035 +1.8 -22.9 -0.2 -21.4 -36.5 103 118 120 122 -5.2 +2! 22,014 .17,676 8,870 5,734 -49.7 -67.6 1913 1913 1913 185 311 1,436 2,993 134 122 150 259 113 74 192 130 235 1,385 1,290 108 104 106 121,262 201,318 72,435 211,572 -40.3 1913 1919 124 36 73 126 73 105 66 229 172 440 357 17 714 415 40 879 343 114 714 4 Total Grains Total grain exports, incl. flour.thous. of bushs. Car loadings of grain and grain products-.cars. 11,643 +5.1 -11 +3.7 Argentine Grain Visible supply: Wheat thous. of bushs. Corn .._..._^_*_. . . . . . . thous. of bushs Flaxseed thous. of bushs. 1913 1913 1914 329 92 659 -25.0 +110.0 -S0.0 Bice Total movements to mills sacks or bbls. Paddy at California warehouses: Shipments sackS Stocks end of month " sacks" r a d d y r e C 6 i p t t ?pent£ £ Total from mills Stocks^ **°* Mills and dealers 01 3 * ^ " * b l i thous. of pockets.. * o f !>«**•-thous. of pockets pockets hoo lbs.)!! pockets (iOO lbs.).. thous -41.9 42,977 468,951 80,057 57,463 566,768 376,080 1,393,910 13,986 137,116 2,406,490 2,119,349 +33.7 lift { -82.5 -11.9 1919 87 22 95 61 +3.6 470 95 306 71 560 203 3,500 1,380 3,627 776 -43.8 1919 1019 116 124 92 80 151 80 134 70 718 35,493 116,428 430 32,978 75,847 1,170 24,526 351,396 284,447 1,839,139 203,915 854,221 -28.3 -63.6 1919 1919 1919 194 52 106 144 13 112 207 23 56 146 43 53 tt Index number less than 1. 45 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following Items may be found in the detailed tables of the quarterly Issues of the SURVEY. T h e M a y issue (No. 33) showed complete data for the period Sept.* 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many case* June figures are now available and may be found in the special table on page 29* Per ct. Increase ( N U M E R I C A L DATA 1924 Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH t> or decrease (-) cumulative 1924 from 1923 1923 1924 277 1,529 15,123 2,514 10,431 61,708 24,018 89,298 8,569 63,672 378,473 27,692 96,848 11,423 57,176 420,664 +15.3 +8.5 1,800 746 275 1,141 1,900 716 300 1,173 8,375 3,159 1,222 5,166 8,443 3,174 1,101 5,310 399,509 13,827 449,417 447,620 13,911 442,368 442,334 13,647 2,047,596 2,067,249 2,034,037 2,044,615 62,226 64,892 78,177 66,063 10.775 17.00 15.50 10.269 17.00 16.90 April May <*2,098 3,373 18,406 2,270 12,680 65,624 761 2,201 17,506 2,752 10,817 70,455 1,751 627 238 1,108 Per ct. increase INDEX NUMBERS BASE YEAS OR PERIOD (+) 1923 or decrease 1924 Apr. May cb. Mar. Apr. May from Apr. FOODSTUFFS-Contlnued O t h e r Crops Apples: Cold-storage holdings (end of month) . . . t h o u s . of bbls.. Car-lot shipments i carloads.. Potatoes, car-lot shipments carloads.. Onions, car-lot shipments carloads.. Citrus fruit, car-lot shipments carloads.. Hay, receipts tons.. Cattle a n d Calves Cattle movement, primary market:» Receipts thousands.. Shipments, total thousands.. Shipments', stocker and feeder.thousands.. Local slaughter thousands.. Beef products: Inspected slaughter produc..thous. of lbs.. Apparent consumption thous. of l b s . . Exports thous. of lbs.. Cold-storage holdings (end of month) thous. of lbs.. Prices, Chicago: Cattle, corn-fed dolls, per 100 lbs.. Beef, fresh native steers.dolls. per 100 lbs.. Beef, steer rounds, N o . 2.dolls. per 100 lbs-. H o g s a n d Pork Hog movement, primary markets: 4,374 Receipts, primary markets thousands.. 4,321 1,608 Shipments, primary markets..thousands.. 1,559 46 Shipments, stocker and feeder.thousands.. 57 Local slaughter thousands 2,735 2,809 Pork products, total: Inspected slaughter produc..thous. of lbs.. 690,514 724,021 595,666 Apparent consumption thous. of lbs.. 561,405 Eiports thous. of lbs.. 137,577 114,759 Cold-storage holdings ^ (end of month) thous. of lbs.. 1,007,215 1,020,811 Production .thous. of lbs.. S x P°rts thous. of lbs.. Cold-storage holdings Ot m o n t h ) thoua Prices- of lbs-. Hogs, heavy, Chicago...dolls, per 100 lbs.. Hams, smoked, Chicago.dolls. per 100 l b s . . Lard, prime contract, N . Y..dolls, per l b . . 1919 1919 1919 1919 1919 1919 -63.7 -317 +4.9 +21.2 -14.7 +0.9 +0.5 -9.9 +2.8 1919 1919 1919 1919 +2.8 +19.0 +15.5 +3,0 +1.0 +0.5 -4.1 1913 1919 1913 +1Z8 +12.0 +0.6 65,023 1919 -15.5 9.538 14.50 14.60 1913 1913 1913 -4.7 • 0.0 4,524 ^443 67 3,072 23,566 8,096 342 15,445 25,166 9,345 252 15,763 739,251 608,134 165,272 3,993,319 2,746,828 874,641 4,011,327 2,904,237 843,107 +33.3 +6.6 +11.1 +6.8 +15.4 -26.3 +2.1 +0.5 +6.7 -3.6 993,301 930,984 469,349 .+9.8 -3.2 +7.4 +9.0 1919 1919 1919 1919 116 117 101 115 117 131 76 111 1913 1919 1913 153 171 200 143 201 168 +3.1 -19.3 -2.6 +4.9 +6.1 -16.6 1919 111 109 +1.3 1919 1919 204 135 193 116 -L7 -It 5 170,096 73,307 167,289 62,648 155,449 93,190 101,945 128,226 84,^30 1919 93 111 +25,8 74.25 19.00 .113 74.44 19.44 .110 74.50 21.10 .116 1913 1913 1913 128 109 114 102 -0.5 -2.3 -2.7 1,348 613 105 726 1,344 629 118 723 1,794 909 216 888 7,673 3,514 752 4,153 7,168 3,362 561 3,813 -6.6 -4.3 -25.4 -8.2 1919 1919 1919 1919 59 52 20 33,848 37,221 37,482 192,023 184,496 -3.9 1913 71 || +10.0 2,085 2,272 4,445 848,116 484,702 Sheep and Lambs Sheep movement, primary markets: receipts, primary markets thousands.. ghpments, primary markets ..thousands.. Bninmfini* e f ^ i r ^ j ^ f e e a e r thousands th Prices: °£ m o n t n > o u s . of l b s . . Sheep, ewes, Chicag O ....dolls. per 100 l b s . , fabeep, lambs H Chicago..dolls. per 100 l b s . . 9.938 15.938 6.625 14.219 6,169 13.144 15,608 17,742 13,392 52,068 39,247 57,274 cases.- 16,502 21,489 195,188 17,346 21,773 200,300 15,392 12,312 253,212 thous. of l b s . . *<>u, c r i b s . . 142,633 15,305 13,921 169,100 16,143 27 II + 9 . 0 26 1919 -0.3 +2.6 +1Z4 -0.4 212 1913 1913 205 141 || - 3 3 . 3 182 - 1 0 . 8 Poultry thous. of lbs.. t h o u s . o n b s __ (ena of month) Total catch, Cdd-stor-Canned te? and Fish p s . . . t h o u s . oflbsa of mo.thous. of lbs.. upment 110,346 115,605 65,562 73,939 1,405,608 1,406,613 +4.8 +12.8 +13.7 1919 1919 88 -24.6 1919 1919 1922 20 +5.1 +1.3 Dairy Products ^Wrated mUk:: thous. of lbs.. thous. of lbs.. r ; ; ; * ^ ^ " " ; - " " ; - ^ © " 8 ' ° f cases., ipgs (end of month): + " thous. of lbs.. thous. of lbs.. thous. of cases.. 52,344 16,440 2,487 65,366 19,010 2,610 65,330 18,982 2,884 8,977 26,159 3,609 22,328 27,148 6,944 10,112 17,507 7,890 dolls, per l b . . dolls, per lb._ .384 .182 .383 .184 .417 .223 23,185 17,263 2,577 25,503 17,051 2,550 20,526 id ran Recei eipts™. 253,223 76,427 9,123 74,283 11,314 88,296 i Revised. 249,326 78,902 8,005 77,558 12,042 115,769 -1.5 -3.2 -12.3 +4.4 +6.4 +31.1 1920 1919 53 26 78 23 20 -9.0 1919 1919 1919 106 101 188 142 117 243 79 101 101 209 142 117 220 +24.9 +15.6 +4,9 1916-20 1916-20 1916-20 6 38 103 18 47 227 14 75 16 1! 70 104 39 +148.7 +3.8 72 200 +92.4 1919 1919 75 70 70 72 78 65 59 1919 1913 1919 113 154 254 131 170 28' 107 150 304 120 165 332 65 59 -0.3 +1.1 132 172 357 +8.8 +7.6 +10.0 46 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following Items may be found in the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period. Sept., 1921, to Mar., 1924,inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the special table on page 29* Per ct. increase NUMERICAL DATA CUMULATIVE TOTAL FEOM JANUABY 1 THROUGH LATEST MONTH April May Corresponding month, April or May, 1923 384,952 426,955 370,001 432,206 277,027 25,342 338,092 30,055 174 319 . .064 .079 | .056 .073 .079 .094 634,044 380,109 940,715 375,924 376,019 929,239 325,987 399,020 2,934,258 2,291,944 3,150,943 2,239,173 111,957 121,600 90,416 627,948 608,719 4,351 634 1,131 4,665 657 1,073 6,451 826 298 3,187 5,602 728 463 940 679 356 4,926 2,690 5,114 2,645 1924 (+) or de- crease (-) cumulative 1924 from 1923 Perct. Increase I N D E X NUMBERS BASE YEAR OR PERIOD (+) 1923 or decrease 1924 Mar, Apr. May from Apr. 211 133 +U Apr. May 1913 1919 223 150 209 146 233 131 -45.9 1919 1909-13 343 ,332 331 ,479 138 243 354 :,oi8 +22.0 +18.6 -34.5 1913 11 ' 2 +83.3 1928 1924 367,891 474,169 1,823,674 2,065,098 1,861,952 1,975,199 +2.1 -4.4 315,680 43,679 148,791 80,490 37,692 24,676 Feb. F O O D S T U F F S - C ontinued Sugar Imports long tons.. Meltings',! ports" . . . . . . l o n g tons., Stocks at refineries (end of month) long tons.. Refined, exports long t o n s . . Cane, domestic: Receipts at New Orleans long tons.. Prices: Wholesale, 96° centrifugal, N. Y. . I_..dolls.perlb._ Wholesale, refined, N. Y...-dolls, per lb_. Retail, average 51 cities index number Cuban movement: Receipts at Cuban ports long t o n s . . Exports longtons^ Stocks, end of month long tons.. Coffee Imports thous. of l b s . . Visible SUDDIY: Worldl... thous. of bags**United States thous. of bags M— Receipts total, Brazil thous. of bags *>.. Clearances! • ' Total, Brazil, for world-..thous. of bags * . . Total, Brazil, for U. S thous. of bags » . . Tea Imports 207 204 187 197 199 180 -1Z5 •-7.6 223 162 257 189 102 -4a 3 ,-1.1 -1.2 169 +8.6 1913 1913 1913 223 215 193 -2.3 1919 1919 1919 171 142 117 123 104 -3.1 1909-13 151 120 1913 1913 1913 52 56 27 46 45 31 -1.7 1913 1913 69 54 91 +4.0 1909-13 52 63 74 -7.5 +11.1 1913 1913 84 363 79 374 82 406 96 94 +7.4 +75.8 +3.8 -3.9 -7.7 +7.2 +29.1 +0.6 112 147 l thous. of l b s . . 5.922 | 4,173 28,050 29,183 5,406 TOBACCO Consumption (tax-paid withdrawals): Large cigars millions,. 501 553 2,749 2,573 576 Small cigarettes millions.. 5,323 6,392 25,282 28,095 5,555 Manufactured tobacco and snuff thous. of l b s . . 32,866 34,948 176,568 176,205 Exports: Unmanufactured leaf thous. of l b s . . . 63,732 43,950 169,569 28,946 266,598 Cigarettes millions.. 1,135 1,165 4,795 1,125 4,607 Sales of loose-leaf warehouses....thous. of l b s . . 4,800 4,795 120,264 868 158,711 Price, wholesale, Burley good leaf, dark red, Louisville.. dolls, per 100 l b s . . 28.00 28.00 27.50 TRANSPOKTATION River and Canal Cargo Traffic Panama Canal: 9,545 2,262 Total cargo traffic thous. of long t o n s . . 2,159 2,354 11,456 5,777 In American vessels...thous. of long tons.. ' 1, 296 1,334 1,502 ' 6,757 2,138 In British vessels thous. of long tons.. 524 630 456 2,755 10,645 Sault Ste. Marie Canal...thous. of short tons.. 1,610 9,873 10,645 ,11,483 7,642 Suez Canal thous. of metric tons.. 2,241 & 1,957 8,556 Mississippi River: Receipts at St. Louis short t o n s . . 15,975 10,395 617,605 20,025 Shipments from St. Louis short t o n s . . 20,465 28,420 6 27,135 41,790 Government barge line tons.. 81,528 210,155 6 60,202 318,053 Ohio River, Pittsburgh, Pa., to Wheeling, W. Va._.: ..short tons.. 411,499] 606,667 601,649 1,997,185 2,082,900 Ocean Transportation Entrance, vessels in foreign trade: Total.. _ . . . . . . t h o u s . of net t o n s . . 5,107 6,551 24,113 25,138 American thous. of net t o n s . . 2,318 3,324 2,643 ,9,909 11,181 Foreign thous. of net tons.. 2,790 3,227 3,427 U,205 13,958 Clearances, vessels in foreign trade: Total thous. of net t o n s . . 5,S08 6,464 24,125 5,920 25,546 American thous. of net t o n s . . 2,470 3,242 2,547 9,866 11,448 Foreign thous. of net t o n s . . 2,839 3,222 3,372 14,257 14,099 Freight rates, Atlantic ports to: United Kingdom.weighted index number All Europe weighted index number Freight Cars Surplus (daily av. last week of month): Box number,. 101,648 133,216 15,670 Coal number. 193,061 168,913 3,953 Total number.. 329,489 338,526 32,443 Shortage (daily av. last week of month): Box number.. 42 43 2,974 Coal number.. 97 17 11,392 Total number.. 177 151 T 16,277 Cars in bad order: Total cars.. 179,275 189,219 211,766 Ratio to total in use ..percent.. 7.9 8.3 9.4 Car loadings (weekly average): 978,341 Total _ . . . . c a r s . . 879,819 892,829 33,622 Gram and grain products cars.. 37,464 38,853 31,169 Livestock :.._.cars.. 29,694 30,743 goal cars.. 123,780 132,128 179,904 Forest products cars.. 76,104 72,525 75,697 61,631 2rre~C—*r~~l ..—.cars.. 20,743 51,996 579,004 Merchandise and miscellaneous cars. 580,511 557,692 b April. ^ v *?C°™pHed by the Federal Trade Commission from reports from about 600 large publishers. Publishers Association from reports from about 450 publishers. » CoPee bags average 132 pounds each. 227 220 204 266 142 -0.2 +57.2 -3.9 +32.0 1913 -29.5 72 +10.4 +20.1 +6.3 +2.6 +2.6 129 £50 5 136 342 58 209 340 29 1913 208 212 212 +20.0 +17.0 +28.9 +7.9 +12.1 1915 1915 1915 1913 1919 537 753 278 None 168 555 824 249 107 170 558 753 274, None Nonej 174 195 +4.4 +47.0 +51.4 1913 1913 1919 100 684 690 97 968 888 None None 919 23 538 849 91 616 934 +4.3 179 201 112 162 138 203 +47,4 1922 +4.3 +12.9 1913 1913 1913 105 165 84 134 217 105 103 154 84 104 167 81 115 .197 85 148 283 99 +28.3 +43.4 +5.9 +16.0 1913 1913 1913 109 163 88 132 204 104 103 153 83 101 160 118 198 144 259 100 +21.3 +31.3 +13.5 1920 1920 22.6 22.6 22.3 22.1 29.9 25.1 28.4 25.7 +1.1 +16 1919 1919 1919 6 4 7 19 5 17 63 75 71 180 131 1919 1919 1919 73 420 146 16 271 67 6 59 17 3 2 118 116 '8 -1.8 -1.1 1909-13 1913 1919 551 741 277 1913 1913 138 126 139 138 110 110 1919 1919 1919 1919 1919 1919 1919 117 98 96 100 135 54 123 122 86 95 102 133 165 123 113 126 100 108 140 25 113 114 105 93 92 143 31 121 0.0 +9.0 +2.9 , +20.2 +513.2 530 711 286 16 193 78 29.6 28.1 24.8 25.3 113 112 212 212 124 255 174 (10) 90 70 134 55 123 Since June, 1923, data complied by the American +31.1 111 5 +2.7 +2.4 ^52.5 -14.7 47 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. The May Issue (No. 33) showed complete data for the period Sept., 1921, toMar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cose* June figures are now available and may be found in the special table on page 29. Per ct. Dcrease N U M E B I C A L DATA Perct. increase ( INDEX NUMBERS (+) 1924 April May Corresponding month, April or May. 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1928 1924 or decrease (-) cumulative 1924 from 1923 BASE YEAR OR PERIOD t> 1928 1921 or decrease Apr. May Feb. Mar. Apr. May from Apr. TRANSPORTATION—Continued Railroad Operations Revenue: Freight thous. of dolls.. Passenger „ thous. of dolls.. Total operating thous. of dolls.. Operating expenses thous. of dolls*. Net operating income: Total thous. of dolls.. Freight carried ....mills. ton*miles.. Locomotives in bad order, 1st of following mon th, per cent to total use: Freight percent.. Passenger percent.Passenger Travel Railroads: Pullman passengers carried thousands.. National parks: Visitors number.. Automobiles entered... !number_. Arrivals from abroad: Aliens ... _ number United States citizens number.. Departures for abroad: Aliens .. ___. number.. United states citizens number.. Passports issued ___ .number.. PUBLIC UTILITIES Telephone companies: Operating revenues thous. of dolls.. Operating income thous. of dolls.. leiegraph companies: Commercial telegraph tolls.thous. of dolls.. Operating revenues thous. of dolls.. Operating income thous. of dolls.. Central electric stations: Production, electric p o w e r Total mills, of kw. hours.. By water power...mDls. of kw. hours.. By fuels, mills, of kw. hours.. Consumption of fuels— £°.al thous. of short tons_. gil ___thous. of barrels.. Gas.__._.___..___.__miiikm5 of cu. ft. J Uross revenue, sales 342,783 85,196 & 386,296 1,478,918 6 87,842 346,366 6 523,304 2,008,621 6 404,148 1,607,060 474,822 377,692 6 83,515 6 38,321 61,822 31,900 18.5 19.5 19.7 17.8 2,681 2,685 2,118 268,043 147,879 1,400,446 347,437 1,927,838 1,627,650 -5.3 +0.3 -4.0 -4.9 1913 1913 1913 1913 210 151 198 215 264.535 172,688 -1.3 +16.8 1913 1913 134 103 133 j 114 22,0 20.0 +1.7 2,670 12,991 6 46,875 61,481 117,093 2,782 179,380 +53.2 6,796 1+144.3 13,213 1919 1919 87 1913 129 194 148 ISO 20S -4.4 -9.5 85 74 1 . 1920 1920 20 129 ! 130 127 129 56 C8 27 85 29 41 102 47 99 +0.1 41 80 -11.4 41 31 24 85 C9 05 611 1,001 11,348 +313 +22.5 +310 55,565 24,253 49,215 19,607 66,854 21,161 262,332 107,767 238,731 106,805 -9.0 -0.9 1913 1913 55 100 15,940 20,791 19,655 21,091 25,467 26,347 16,334 20,603 22,885 61,073 96,772 62,077 75,214 110,746 72,030 +23.2 +14.4 +16.0 1913 1913 1913 27 32 64 69 S28 ,171 M3,952 > 10,212 172,434 44,640 185,352 39,478 +7.5 -11.6 1913 1913 335 275 342 247 357 272 9,177 11,266 1,518 44,682 55,031 8,166 43,831 34,310 6,995 -1.9 -1.3 -14.3 1919 1919 1919 116 107 92 111 103 76 117 .109 85 4,751 1,846 2,905 6 4,472 61,783 6 2,690 18,279 6,591 11,688 19,755 6,797 12.959 +8.1 +3.1 +10.9 1919 1919 1919 147 133 149 128 162 154 141 161 146 152 143 2,937 1,209 2,834 111,400 &2,9G7 6 981 6 2,297 * 102,400 13,124 4,553 8,489 423,400 13,169 5,911 11,087 479,140 +0.3 +29.8 +30.6 +13.2 1919 1919 1919 1913 101 106 129 394 114 168 146 472 111 167 179 454 100 131 159 423 1923 1923 1923 1923 1923 1923 1923 1923 1923 1923 1923 1923 1923 102 95 104 101 100 103 100 104 101 109 100 100 107 97 99 97 94 97 97 101 99 95 102 96 97 96 95 97 97 101 103 99 105 95 96 96 91 95 92 93 PI 1 87 S9 94 97 98 SS 92 101 100 101 92 102 102 100 94 92 92 95 90 94 88 -12 -1.1 -4.4 -5.3 -1.0 -13 -1.0 -8.9 0.0 -6.0 0.0 -5.3 -6.4 46,987 10,337 8,800 10,880 1,438 8,874 11,083 1,498 1 117 110 92 -19.2 + +1.9 +12 thous. of dolls. EMPLOYMENT {Index numbers relative to 1SSS) imployed, by industries: Food™ . all classes ^products •ieitiles Iron and steel.. Lumber. Sals Stone, Leatherclay", and glass!!" Metals e x c i r o n a n d B t j Vefe Miscell d ' ' " " t State theus. of dolls. ;ate. ^-7- 102 96 103 102 101 100 100 102 104 107 100 101 107 524 232 503 206 560 230 1914 1920 1915 1922 1922 110 100 113 113 117 118 116 136 134 131 130 128 •127.3 123.9 323.4 125. 5 122.5 116.1 J10L5 107.2 108.5 jlO&. 5 113.5 113.2 1109.3 L09.1 97.2 W.7 92.3 8S.3 -10 -11.2 -5.2 -2.5 -13 14,530 13,847 15,484 1914 1915 257 '269.9 218 -4.7 -3.7 27.70 27.54 27.63 1914 1915 1922 1922 222 !216.9 222 226 221 2J6 1108.5 13.3 14.3 _11.3 112.1 111.5 230.8 226.2 i229.5 230.6 212.3 1218.9 230.9 |226.4 222.1 1218.6 |216.4 33,836 20,099 13,737 27,404 16,318 11,086 29,261 18,465 10,706 146,267 93,443 52,824 153,666 90,979 62,687 +18.7 1913 1913 1913 272 241 348 260 232 326 270 224 380 279 218 425 300 252 415 243 205 335 -19.0 -18.8 -19.3 29,720 17,257 1,293 7,370 240 2,085 170 29,211 17,075 1,299 7,157 240 115,391 66,789 130,777 75,800 +13.3 +13.5 1913 1913 298 252 322 268 294 243 343 •373 313 366 309 -1.7 -1.1 "667 '648 3,013 3,017 25,696 14,791 1,211 6,370 219 1,640 165 2,887 144 index nurober. . index number, .index number. 261 mi 252 283.6 256 I2SS.7 245 [276.3 -0.6 -3.7 +1.5 -1.0 MOVEMENT Mailorder houses- ;. of dolls., rofdolis!! i,"ofdcTls!! operated. 154 a Revised. 1,S62 .169 154 "fi30 "29,"l27 "'77362 *8*847" *+20.~2 126 13*258" "278 b April, 1923. "576' "545 283 "622 •46s 321 261 "304 "404 "336 48 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following Items may be found in the detailed tables of the quarterly issues of the SURVEY. The M a y issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the special table on page 29. DISTRIBUTION MOVEMENT—Contd. Restaurant chains: Total sales, 2 chains thous. of dolls.. Stores operated number.. Child's Co thous. of dolls.. Waldorf system thous. of dolls.. Chain stores: J . C. Penney Co thous. of dolls.. Number of stores United Cigar Stores Co thous. of dolls.. A. Schulte (Inc.) thous. of dolls.. Owl Drug Co thous. of dollsNumber of stores Candy sales by manufacturers.thous. of dolls.. Magazine advertising (for following month) .. thous. of lines.. Newspaper advertising thous. of lines.. Postal receipts, total (50 cities) .thous. of dolls.. Money orders: Domestic paid (60 cities)— Quantity number.. Value thous. of dollsDomestic issued (50 cities)— Quantity numberValue .thous. of d o l l s Foreign issued thous. of dolls.. Internal-revenue taxes collected: Theater admissions thous. of dollsFirearms and shells thous. of d o l l s Jewelry, watches, and clocks thous. of dollsBond and stock issues and conveyances thous. of dollsCapital stock transfers thous. of dolls.. BANKING A N D FINANCE 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 policiesAmount of new insurance: Ordinary thous. of dolls. Industrial thous. of dolls. Group thous. of dolls. Total insurance thous. of dolls. Premium collections: Ordinary.,-.. thous. of dolls. Industrial thous. of dolls. Group.... thous. of dolls. Total thous. of dollsSales of ordinary life insurance: United States total thous. of dolls. Eastern industrial thous. of dolls. Western Industrial thous. of dolls. Western Agricultural..*-..thous. of dolls., Southern thous. of dolls.. Far Western thous. of dolls.. Admitted life insurance assets: Grand total mills, of dolls.. Mortgage l o a n s Total mills, of dolls., Farm — . . . m i l l s , of dolls.. All other mills, of dolls.. Bonds and stocks (book values)— Total mills, of dolls.. Government mills, of dolle.. Kailroad mills, of dolls.. Public utilities mills, of dolls.. All others mills, of dolls.. Policy loans and premium notes mills, of dolls., Other admitted assets mills, of dolls.. Per ct. increase NUMERICAL DATA April Corresponding month, April or M a y , 1923 May CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1923 1924 2,962 219 1,887 1,075 3,031 221 1,896 1,135 3,076 14,926 15,035 1,923 1,153 9,407 5,519 9,516 5,519 5,951 497 5,911 1,736 1,210 63 33,566 6,143 499 6,494 1,937 1,390 85 32,483 5,032 381 6,402 1,603 90S 43 31,073 19,500 29,056 7,348 4,371 2,411 107,309 26,918 2,212 105,560 25,915 2,108 109,287 24,902 12,046 87,981 8,006 81,618 10,681 79,664 52,776 3,062 30,360 3,211 2,950 30,434 3,265 7,163 158 6,572 126 <+) or de- crease (-) cumulative 1924 from 1923 +2.4 +1.2 I N D E X NUMBERS BASE YEAR OR PERIOD 1920 1923 <+> 1924 ordeApr. May 113 117 Feb. Mar. Apr. May 111 117 113 dolls.. dolls.. from Apr. 116 +2.S 267 144 +0.5 +5.S 2,161 2,705 2,792 +3.2 273 142 0.0 24,025 +0.7 1913 29,584 8,739 5,606 +1.8 +18.9 +26.0 1913 1919 1913 166,516 170,465 -3.2 a 13,015 498,310 131,591 +2.4 +11.0 +0.4 +5.1 1921 « 11,807 496,399 125,163 1913 1919 1919 -8.8 -1.6 -3.7 384,388 53,394 431,418 +1.2 +12.2 1919 1919 154 166 -33.5 -7.2 2,671 28,238 2,001 13,293 137,975 12,833 15,200 151,369 15,138 +14.3 +9.7 +18.0 1919 1919 1919 176 153 116 -3.7 +0.2 +1.7 6,582 388 31,976 1,345 34,972 648 +19.4 -52.1 1919 1919 128 40 -8.2 -20.3 026 250 270 331 428 +9.9 +11.6 +11 & • 1,491 1,500 1,467 11,055 11,968 +8.3 1919 114 +0.6 3,850 703 3,815 674 4,247 758 20,845 4,370 19,073 3,943 -8.5 -9.6 1919 1919 104 76 -4.1 202 705 81 907 761 195 797 99 991 901 3,514 424 4,416 961 3,576 349 4,537 +6.7 +1.8 -17.7 +2.7 1913 1913 293 183 531,564 158,557 38,715 728,835 546,851 173,629 27,897 748,377 511,963 2,352,381 162,326 735,720 30,086 106,767 704,376 3,194,870 2,568,462 812,396 110,141 3,490,996 +9.2 +10.4 +3.2 +9.3 1913 1913 1913 1913 122,744 29,235 2,079 154,057 128,613 32,963 1,919 163,495 96,850 27,339 1,390 125,579 471,983 137,556 8,106 617,646 576,828 155,079 10,185 742,092 +22.2 +12.7 +25.6 +20.1 1913 1913 1913 1913 74 662,591 274,522 142,996 98,652 81,478 64,943 252,343 139,517 99,914 78,975 68,019 7,936 7,994 7,329 3,049 1/382 1,666 3,084 1,394 1,691 2,634 1,251 1,384 1,138 1,813 345 92 3,403 1,124 1,633 354 93 3,315 1,222 1,746 274 73 981 519 987 519 919 460 20,654 18,865 21,406 18,639 20,704 20,367 625,957 2,738,824 244,865 1,085,045 132,998 590,665 104,387 444,935 81,780 357,807 61,927 260,372 dolls dolls.. 20,326 15,962 20,722 15,833 19,212 16,365 dolls dolls. dolls dolls" ddis cent" " dolls dolls" dolls. _ 447 1,926 426 3,223 2,005 82.0 430 1,891 421 3,214 1,997 82.7 12,121 4,535 11,439 New York call loans. per cent Commercial paper, 60-90 d a y s . . . p e r centll 4.44 4.63 ft 1913 1920 3,054,058 1,267,785 664,916 451,887 365,363 304,107 +11.6 +16.8 +12,6 +1.6 +2.1 +16.8 1913 1921 1921 1921 1921 1921 1921 250 213 181 201 355 435 277 302 622 1,786 335 408 257 259 5,442 261 213 403 415 305 334 679 ,931 394 404 +3.0 +7.9 -a 6 +6.8 +2.9 +9.5 -27.9 +2.7 +4.8 287 320 332 348 280 304 271 306 ,868 6,509 5,706 6,190 '342 289 321 +6.1 150 164 155 123 138 160 -3.6 -8.1 -2.4 +1.3 -3.1 +4.7 129 147 134 100 110 130 133 141 137 114 134 135 200 157 179 165 119 143 152 +0i7 +1.1 , +0.9 +U +0.4 -1.2 +U +2.6 +U +0.J 0.0 Banking Debits to individual accounts: New York City mills, pf Outside New York City....mills. of Bank clearings: New York City mills, of Outside New York City mills, of Federal reserve banks: Bills discounted mills, of Notes in circulation mills, of Total investments mills, of Total reserves mills, of Total deposits. mius. Of Reserve r a t i o ; per Federal reserve member banks: Total loans and discounts..mills. of Total investments mills, of Net demand deposits mills, of Perct. increase 104,829 95,237 93,552 78,865 105,506 93,597 99,507 79,396 +0.6 -1.7 +6.4 +0.7 1919 1919 101 107 102 116 100 106 109 102 108 244 2S5 230 256 249 280 258 278 33 85 79 145 99 153 76 146 101 152 27 77 71 147 103 161 25 76 78 147 104 161 23 74 72 147 104 163 1921 1921 1919 99 138 105 99 139 106 100 134 106 101 134 106 102 135 108 1913 1913 150 93 146 93 137 87 122 83 135 84 1913 1913 274 731 2,250 447 3,195 1,952 76.1 1919 1919 1919 1919 1919 1919 11,951 4,659 11,403 11,840 4,665 11,173 3.63 4.23 4.80 5.13 *i Cumulatives for 6-month period, J a n u a r y to J u n e , inclusive. us 355 -0.3 -0.4 2 t -18.5 -8.3 49 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. T h e M a y issue (No. 33) showed complete data for the period Sept., 1921, toMar., 1924,inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the special table on page 29, BANKING A N D FINANCE—Continued Banking—Continued. Saving deposits, b y Federal reserve districts (balance to credit of depositors): Total, 848 banks thous. of dolls., Boston, 64 banks thous. of dolls. New York, 30 banks, —thous. of dolls. Philadelphia, 78 banks.thous. of dolls. Cleveland, 18 b a n k s . . . t h o u s . of dolls. Richmond, 91 b a n k s . . . t h o u s . of dolls. Atlanta, 96 banks thous. of dolls. Chicago, 209 banks thous. of dolls. St. Louis, 32 banks thous. of dolls. Minneapolis, 15 banks.thous. of dolls.. Kansas City, 56 banks.thous. of dolls.. Dallas, 85 banks thous. of dolls.. San Francisco, 72 banks.thous. of dolls. U. S. Postal Savings thous. of dolls.. Public F i n a n c e Government debt: Interest-bearing mills, of dolls.. Total gross debt mills, of dolls.. Customs receipts. thous. of dolls.. Total ordinary receipts thous. of dolls.. Expenditures chargeable to ordinary receipts thous. of dolls.. Money in circulation: Total mills, of dolls.. Per capita dollars., Per ct. increase! NTJMERICAL DATA 1924 April May Corresponding month, April or May, 1923 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH 1923 1924 or de* crease cumulative 1924 from 1923 6,988,643 ,046,598 6,525,878 1,247,628 1,294,697 1,178,188 1,941,969 1,945,064 1,825,584 487,634 487,460 454,744 , 465,639 471,062 421,667 308,941 293,716 228,250 229,719 213,045 900,802 904,430 850,375 137,545 139,262 123,605 . 92,967 89,735 87,989 108,918 110,328 104,380 65,818 66,020 59,594 1,002,532 999,232 911,259 133,090 132,565 131,751 BASE YEAR OR PERIOD (+> orde crease May from Apr. May Feb. Mar. Apr. May Apr. 1923 1924 130 125 127 125 136 137 136 120 154 125 136 147 143 335 1920 1920 #f 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1920 1913 21,353 21,614 45,696 214,306 21,287 21,545 45,221 190,408 22,186 22,631 62,417 211,118 111,630 113,449 262,982 1,505,105 107,092 108,410 232,602 1,441,017 -4.1 -4.4 -11.6 -4.3 327,002 256,085 319,036 1,491,907 1,243,310 -16.7 4,760 42.33 4,815 , 42.78 4,706 42.34 of dolls.. 48,904 36,591. 41,022 of dolls.. of dolls., of dolls.. 23,137 18,719 7,049 17,757 15,346 3,483 16,686 18,960 5,376 Total commercial number.. Manufacturing establishments.-number.. Trade establishments number.. Agents and brokers number., 1,707 433 1,178 91 1,816 507 1,215 94 316,565 305,740 TI viv*. Business Failures Liabilities: Total commercial thous. Manufacturing establishments thous. Trade establishments thous. Agents and brokers thous. Ter ct. increase INDEX NUMBERS +0.8 +3.8 +0.2 0.0 +1.2 +0.2 +0.6 +0.4 +1.2 -3.5 +1.3 +0.3 -0.3 +0.4 «1919 »1919 > 1913 M913 -0,3 -0.3 -1.0 -11.2 M913 -21.7 » 1919 » 1919 +1.2 +1.1 94 270,361 +17.2 1913 225 -25.2 113,291 99,543 17,824 159,085 90,428 20,847 +40.4 -9.2 +17.0 1913 1913 1913 307 162 142 1,530 401 1,069 60 8,366 2,073 6,020 273 9,178 2,332 6,335 411 +9.7 +12.5 +5.2 +50.5 1913 1913 1913 1913 114 110 117 81 -23.3 -18.0 -50.5 +6.4 +15.8 +3.1 +3.3 295,050 1,841,776 1,931,286 1913 -3.4 1913 1913 1913 1913 +16.1 -41.0 -4.1 -26.8 230,661 Dividend a n d Interest P a y m e n t s {For following month) 8[J?,dtotal Dividend payments: i°, t a l Indus, and misc. corp Steam railroads Street railways thous. of dolls., thous. of dolls. thous. of dolls.. thous. of dolls., thous. of dolls.. N e w Capital Issues Tnt«i"Xr" i r ' o r £ t i o n s thous. of dolls. Total corporations (Commercial and Financial Chronicle): Purpose of i s s u e New capital thous. of dolls. 64,840 38,965 22,015 3,860 60,300 36,900 21,100 2,300 500,205 267,390 146,855 40,370 523,246 278,810 152,495 44,396 528,857 519,897 817,230 3,934,624 3,397,432 -13.7 1913 249,902 25,804 447,253 48,701 166,583 35,128 1,325,401 330,679 1,456,948 151, 111 -54.3 +9.9 1920 1920 +79.0 +S8.7 1-371.7 +10.9 354 584 469 307 302 -1.7 |tOcJs thous. of dolls. XjQQ.CiS flTlCL UOtftS t l i n t i ^ rtf f)fiH^ 52,705 223,001 248,609 247,344 30,582 171,126 422,969 1,234,107 483,157 1,114,902 +14.2 -9.7 1920 1920 thous. of dolls.. thous. of dolls.. 52,803 1,937 70,789 42,602 44,757 2,170 221,475 26,073 255,189 51,039 +15.2 +95.8 1919 1919 446 None. 538 74 thous. of dolls.. 85,954 12,930 277,089 1,550 36,053 17,273 292,759 116,806 629,849 +115.1 52,105 -55.4 1919 1919 316 672 627 365 1-222.4 -8S.0 New capital thous. of dolls. -Reftinding . . - t h o u s . of dolls. corporations (Journal of :. of dolls. 1 municipalities: 20,827 2,500 51,064 4,299 32,982 12,485 332,278 73,368 188,759 33,575 -43,2 -54.2 1919 1919 269 311 436 1,324 +145.2 +72.0 265,954 181,185 348,220 1,806,966 1,210,262 -33.0 1913 200 254 131,122 78,733 114,455 23,053 102,351 25,595 445,018 205,349 535,155 295,291 +20.3 +43.8 1913 1913 261 149 301 64 -12.7 -70.7 23,294 16,740 6,554 19,182 13,424 5,758 34,263 15,910 18,353 215,313 89,755 125,558 116,812 34,640 32,172 -45.7 -5.7 -74,4 1919 1919 1919 259 137 5S7 215 137 425 -17.7 -19.8 -12.1 1,371 900 971 9,552 6,543 -31.5 -76.1 -42.7 1922 1922 1922 9 81 64 72 61 -98.0 -86.5 -84.2 1922 1922 1922 Pft, Railroads— 31 6 ~~ . New capital to i?. g —T,Public u t i l i t i e s New capital Cftrn Tw? By 55,860 27,625 22,965 5,275 +4.9 +4.6 +4.3 +3.8 +10.0 nent 0 13 I " Q t °us. of dolls. temporary loans thous. of dolls. Agricultural L o a n s fe? ba *ks: plo^ thous. of dolls. •an b a n k s . . . t n o u s , of dolls.. and banks thous. of dolls. % ation: Rpnflancements thous. of d o l l s - 1,741 2,214 45,252 6,340 10,828 S^y^ents thous. of dolls- 64,930 63,615 101,037 566,691 324,866 ni* n c e -r thous. of dolls149 None, None. 7,325 None. cooperative market associations1,098 ,276 224 8,141 1,566 &m^CeiD?nts thous. of dolls8,742 1,523 . 1,299 55,177 10,961 gepayments 1 Twelve m thous. dolls.. J u l y to June, inclusive, ending the year indicated. o n t h sof ' average, BaIance —-.-thous. of dolls- 851 453. 426 210 17 . 23 39 194 10 20 3< 132 25 38 Norn Non< Non< 273 None U 20 106 113 I 22 155 177 « Relative to June 30,1919. +34.1 H'lO.S -31.9 -31.4 +27.2 -2.0 None. -18.8 -14.7 50 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items may be found in the detailed tables of the quarterly issues of the SURVEY. The May issue (No. 33) showed complete data for the period Sept. ,1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p. 1 In many cases June figures are now available and may be found in the special table on page 29* 1924 April May BANKING AND FINANCE—Continued Stocks and Bonds Stock prices, closing: 106.43 106.71 25 industrials, average dolte. per share. 62.53 62.09 25 railroads, average dolls, per share. 80.30 81.00 103 stocks, average dolls, per shareStock sales: 13,442 17,792 N.Y. Stock Exchange—.thous. of shares. Bond sales: 180,440 185,466 Miscellaneous thous. of dolls. 91,979 93,101 Liberty-Victory thous. of dolls. Total thous. of dolls. 278,567 272,419 Bond prices: 84.4: 83.58 Highest-grade rails.p. ct. of par, 4( 70.62 69.52 Second-grade rails_.p. ct. of par, " 67.39 67.53 Public utility p. ct. of par, 72.34 72.03 Industrial p. ct. of par, 73.17 Comb, price index .p. ct. of par, 4% bond. 72.67 100.94 5 Liberty bonds p. ct. of par. 100.36 16 foreign governments and city p. ct. of par.. 100.00 09.89 Comb, price index, 66 bonds_.p. ct. of par. 94.74 94.25 Municipal bond yield n per cent. 4.26 4.30 Gold and Silver Gold: 78,501 Domestic receipts at mint fine ounces. 78,870 Rand output thous. of ounces. 768,000 809,003 Imports thous. of dolls. 41,074 45,418 Exports thous. of dolls. 1,391 Silver: Production thous. of tine oz. 5,833 4,588 Imports thous. of dolls. 5,640 3,908 Exports thous. of dolls. 9,687 7,802 Price at New York.l dolls, per fine oz. .655 .641 Price at London...pence per standard oz. 33.870 33.065 FOREIGN EXCHANGE BATES Europe: England dolls, per £ sterling. 4.36 4.35 France dolls, per franc. .058 .062 Italy ; dolls, per lire. .044 .044 Belgium dolls, per franc.049 .052 Netherlands dolls, per guilder.374 .372 Sweden dolls, per krone.265 .264 Switzerland dolls, per franc. .177 .176 Asia: Japan dolls, per yen., .402 .409 India dolls, per rupee. .306 .304 Americas: Canada dolls, per Canadian doll.981 .983 Argentina dolls, per gold peso.748 .746 Brazil dolls, per milreis. .112 .110 Chile dolls, j>er paper peso.. .110 .105 General index foreign exch index number. U* S. FOREIGN TRADE Imports Grand total thous. of dolls. 324,427 302,946 By* grand divisions: EuropeTotal thous. of dolls. 83,970 84,270 France thous. of dolls. 12,731 11,283 Germany thous. of dolls. 9,604 9,831 Italy thous. of dolls. 7,199 4,924 United Kingdom thous. of dolls. 28,893 26,128 North America— Total thous. of dolls., 93,054 94,395 Canada _„ thous. of dolls.. 33,178 33,343 South AmericaTotal thous of. dolls.. 34,528 38,883 Argentina thous. of dolls.. 7,444 7,511 Asia and OceaniaTotal thous. of dolls.. 104,501 83,537 Japan thous. of dolls.. 24,728 27,184 Africa, total thous. of dolls.. 7,033 3,203 By class of commodities: Crude materials' for use in manufacturing thous. of dolls- 110,558 104,120 Foodstuffs in crude condition and food animals thous. of dolls... 35,316 37,484 Foodstuffs, partly or wholly manufactured thous. of dolls.. 58,652 50,581 Manufactures for further use in manufacturing thous. of dolls 54,609 48,650 consumption Miscellaneous Exports Grand total, including reexports By grand divisions: Eun lurope— Total France Germany Italy United Kingdom .thous. of dolls., .thous. of dolls.. Corresponding month, April or May, 1923 BASE YEAR OR PERIOD 1923 Perct: increase (+) 1924 or decrease Feb. Mar. Apr. May from Apr. 1913 1913 1921 195 76 114 186 73 111 192 73 104 74 97 183 75 96 +0.7 1913 291 334 298 263 257 -24.4 1919 1919 1919 248 25 77 234 41 86 250 23 75 288 31 90 260 39 90 -2.7 -1.2 -2.2 82.58 67.73 66.38 72.25 71.71 98.81 1915 1915 1915 1915 1915 1921 91 89 90 101 93 106 92 90 90 102 93 106 92 91 90 103 94 107 92 91 91 103 94 107 93 92 92 102 95 108 101.37 93.97 4.22 1921 1921 1913 110 110 110 95 108 110 108 110 98 108 110 ,97 192ft 1924 cumulative 1924 from 1923 I N D E X NUMBERS May 108.18 60.73 94.11 23,106 166,736 97,633 264,369 79,866 786,564 46,156 112,885 97,839 1,003,246 402,770 1,301,888 1,406,016 939,859 362,029 -13.3 +6.7 +11.3 +8.0 no 94 351,112 403,733 3,761,240 3,930,059 112,498 201,061 21,742 3,587 +15.0 + 4.5 +78.7 -83.6 1913 1913 1913 1913 54 107 869 11 26,832 -9.0 +16.0 +98.0 1913 1913 1913 1913 1913 123 149 67 112 118 4.63 .067 .048 .057 .391 .266 .180 Par. Par. Par Par. Par. Par. Par. 95 34 25 30 97 99 93 .491 .311 Par. Par. .979 .817 .104 .128 Par. Par. Par. Par. Par. 6,835 4,461 3,499 .670 32.611 29,480 22,966 21,679 26,649 42,930 372,545 1,767,387 1,575,706 102,217 12,300 12,762 5,769 44,039 522,157 65,713 65,666 39,342 203,703 440,936 61,673 53,348 29,217 148,851 -10.8 -15.6 -6.1 -18.8 -25.7 -26.9 1913 64 470,743 163,480 475,874 167,236 +1.1 +2.3 1913 1913 49,401 16,875 232,368 67,896 191,777 36,430 -17.5 -46.3 1913 1913 107,092 33,113 9,015 486,944 148,281 55,179 429,317 128,986 39,134 -11.8 -13.0 -21.1 1913 1913 1913 144,924 698,852 539,791 -22.8 1913 28,839 157,213 170,436 1913 1013 244 249 -1.7 63 222 215 217 203 -6.6 -5.8 192 258 313,752 5,362 300,706 8,113 -4.2 +51.3 1913 1913 190 40 1,625, 602 1,782,786 +9.7 1913 +13.2 +6.5 +50.1 +13.9 +5.7 1913 1913 1913 1913 1913 » As of the end of the month. ao -5.8 +as +0.4 +ae 219 1913 915,211 106,935 187,389 72,197 344,129 +0.2 -20.1 +9.9 -54.5 -14,2 808,577 100,375 124,817 63,375 325,539 -as +12.6 284,116 138,344 20,524 22,969 9,914 48,400 ao +0.9 -L0 -9.6 331,136 162,086 22,067 28,302 11,203 62,409 +1.1 -1.1 +1.0 0.0 0.0 -1.4 +CL* 73,074 316,359 +1.1 a3 273,876 334,950 94 -1.8 +4.8 -L6 261,079 thous. of dolls.. 346,859 -a» +5.3 -9.6 -57.4 +27.1 +44.3 +212 +2.2 +Z4 99 64 +8.4 +4.9 65,320 495 -0.3 1913 1913 1013 1913 1913 104,820 35,638 61,679 432 180,278 19,915 32,874 15,120 65,711 CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST MONTH or decrease Apr. 64,103 1,189 -thous. of dolls., .thous. of dolls., -thous. of dolls., -thous. of dolls .thous. of dolls.. Perct increasi NUMERICAL DATA -13.8 355 157 153 111 160 78 151 98 -10.9 193 -4» -63.7 177 164 168 144 155 112 231 133 161 -3.4 3 •58 51 TREND OF BUSINESS MOVEMENTS—Continued NOTE.—Back data on the following items may be found in the detailed tables of the quarterly issues of the SUBVEY. The M a y issue (No. 33) showed complete data for the period Sept., 1921, to Mar., 1924, inclusive. Detailed tabulations of several new items appear at the end of this issue. See Contents, p . 1. In many cases June figures are now available and may be found in the Mpecial table on page 29, •er ct. ncrease! N U M E R I C A L DATA Correiponding month, April or May, 1923 1924 April May (+) or de- CUMULATIVE TOTAL FROM JANUARY 1 THROUGH LATEST . MONTH crease (-) • 1923 1921 cumulative 1924 from 1923 Pcrct. increase INDEX NUMBERS BASE YEAR OR ( ) 1928 t or decrease 1924 PERIOD ay Feb. Mar. Apr. ay from Apr. U. S. FOREIGN TBADE—Continued Exports—Continued North AmericaTotal thous. of Canada thous. of South AmericaTotal thous. of Argentina , „ t h o u s . of Asia and OceaniaTotal thous. of Japan thous. of Africa, total thous. of Total, domestic exports only___thous. of By classes of commodities: Crude materials for use In manufacturing thous. of Foodstuffs in crude condition and food animals thous. of Foodstuffs partly or wholly manufactured thous. of Manufactures for further use in manufacturing.... thous. of Manufactures ready for consumption „ thous. of Miscellaneous thous. of dollsdolls.. 84,706 48,319 88,371 48,162 103,968 66,084 439,652 266,998 404,986 231,460 -7.9 -13.3 1913 1913 109 144 +4.3 -0.3 dolls.. dolls.. 25,206 8,903 24,764 8,841 22,447 10,275 110, 530 47,710 121,512 43,726 +9.9 1913 1913 206 194 -1.8 -0.7 dolls.. dolls.. dolls.. dolls.. 49,287 13,953 7,382 335,645 54,291 15,971 5,638 325,758 46,762 19,890 4,838 309,390 240,972 93,475 25,872 1,594,220 305,387 120,027 29,891 1,740,544 +26.7 +28.4 +15.5 +9.2 1913 1913 1913 1913 285 268 306 165 +10.2 +14.5 -23.6 -Z9 dolls.. 80,620 76,855 53,300 383,624 489,522 +27.6 1913 -4,7 dolls.. 13,336 10,638 25,997 114,482 66,661 -41.8 1913 -20.2 dolls-. 42,681 37,480 49,132 255,507 241,592 -5.4 1913 -1Z2 259,118 +13.4 +11.8 -15.3 1913 +11 1913 1913 -0.1 -44.7 1913 1913 1913 1913 140 160 101 134 151 175 139 130 191 216 1G6 1SS 1913 1913 1913 1913 163 117 240 154 155 169 171 154 161 154 167 162 1913 1913 1913 129 165 132 145 220 145 143 171 137 +30.8 +65.7 +35.7 +11.8 +3.2 +2.6 +14.8 +11.2 + 6.3 + 2.5 -8,4 274 50,006 228,518 147,574 454 147,456 251 130,653 302 608,944 3,145 680,988 2,663 sterling.. sterling. sterling.. sterling. 86,165 40,009 23,485 22,316 122,087 52,325 38,918 30,288 89,479 43,631 23,741 21,562 449,453 210,668 131,439 105,403 509,945 222,875 166,282 118,254 sterling. sterling. sterling. sterllng sterling. sterling. 62,867 4,062 9,480 48,277 70,261 4,191 9,723 55,422 71,555 3,177 14,005 52,801 319,796 15,275 56,128 243,117 326,441 21,502 48,024 251,858 11,771 2,132 7,107 13,091 2,267 7,287 11,773 2,187 7,069 52,909 8,405 64,105 12,840 37,021 +13.5 +5.8 +26.5 +12.2 +2.1 +40.8 -14.4 +3.6 +21.2 +52.8 + 9.8 2,520 3,535 2,507 14,213 +32.0 1913 102 105 144 +40.3 1,879,051 +3.9 1920 111 107 107 86,157 1,703 26,249 3,183 3,804 118,487 +2.6 1920 1913 1913 75 103 126 91 80 83 74 98 90 +4.5 +35.1 +20.8 +8.2 +2.3 +2.7 1913 1913 1913 »1920 84 128 104 7 72 120 98 4 76 127 101 3 +5.3 +13.9 +8,5 -6.8 1913 91 94 95 +0.5 dolls.. dolls.., dolls.. 53,078 TBADE AND I N D U S T R Y O F F O R E I G N COUNTRIES United K i n g d o m Imports (value): Total thous. of £ Food, drink, tobacco.thous. of £ Raw material thous, of £ v™T? D u f a ? t u r e ( i articles.thous. of £ Exports (value): S ot al thous. of £ £ood, drink, tobacco.thous. of £ 5 a w ? a ^ e r i a i t h o u s . of £ sab0US of £ i™---thous. of £ Food, drink, tobacco.thous. of £ tbous of £ sterling M^SSSSd * - -thous. of £ sterling* ' ntities): u " f <* iron and steel thous. of sq. y d s . . thous. of long t o n s . . 1,808,601 thous. tons. o f of long tonsthous. of long tons. thous. of metric tons. 618 711 22,555 754 651 810 24,466 703 16,561 425 7,684 714 821 25,391 1,906 p . c t . employed. 92.5 93.0 88.7 tons. 14,253 14,605 13,492 65,841 74,429 +13.0 1920 178 174 189 201 thous. of dolls- 60,203 49,518 72,244 105,311 84,265 76,049 377,766 332,445 348,071 387,131 -7.9 +16.4 1913 1913 122 173 151 242 111 217 155 298 1,671 510 6,055 2,585 1,867 3,655 2,676 11,932 13,103 7,418 40,558 21,960 +67.6 7,084 . - 4 . 5 84,851 1+109.2 1913 1913 1913 113 5 61 208 21 142 259 12 140 451 7 160 102 >93 1,470 336 279 6,163 +11.3 +26.3 +2.4 1913 1913 1913 100 107 157 121 120 190 Production: T 410,381 16,309 407 5,480 thous ? 395,022 10,765 12,069 337 5,063 Ir L R t L— i Steel ingots k ; 378,153 33,703 Trade-unions * of long t o n s " 84,007 1,854 33,255 3,111 3,704 119,585 -8.1 -21.1 -0.0 +41.7 Belgium Production: Zinc short Canada Total trade: • es on cff +2.5 184 Wheat Production: JV ^quantities;: thous. of pounds. thous. of poundsthous of bushs ' - of long tons. ? t h o n a . of long tons. m m s o f dolls (1st of following index number. thous hSgSSt? Stock* ErTv£7>;:::*-"v--.-" .short tons. tons. j.ofdolls. mflls revenue ,* April, 1923. - <* ton-miles thous. of dolls 41,228 87 104 1,215 &5 37' 312 6,312 +20.0 +112.7 +54.7 1+266.1 +577.5 92 109 147 101 -2.3 178 +13.6 "*l,"380 1920 115,572 113,931 20,983 160,745 30,199 2.267 3.485 117,833 117,651 20,734 215,568 32,967 111,486 110,196 13,610 98,901 40,697 511,395 502,757 667,482 560,711 +11.0 +11.5 457,913 108,645 697,225 102.537 +52.3 -5.6 1919 1919 1919 1919 1913 *2,453 K112 9.451 8,692 9.889 12,053 +4.6 +38. 1913 1913 97.3 90.7 15 150 98 14: 96 166 162 108 179 127 166 162 144 180 66 128 66 144 68 129 24 "91. 89. 167 164 154 23 36 91. 17: 168 167 29: 95.2 175 173 165 391 103 +3,7 +2.0 +3.3 -1.2 +34.1 +9.2" 52 EXPLOSIVES * [Index numbers for base year In bold-faced type; numerical data on opposite page] Production Year and month Shipments Sales PERMISSIBLE AND OTHER HIGH EXPLOSIVES i BLACK BLASTING POWDER» TOTAL EXPLOSIVES Stocks * Production Shipments Sales Stocks Production Shipments Sales Stocks Relative to 1922 1922 monthly average..... 1923 monthly average 1923 January February ..- March.. . ... . April May June ...-.. July August September ....„_. October .. November _. December.. 1923 January ._.... February March. . April May June .... July August—*. September October November .. December . . 1924 January. February March April May June,.* July August * .... . 100 124 100 118 100 122 1OO 115 100 121 100 115 100 118 100 114 100 123 100 119 100 124 100 117 33 90 91 68 79 91 85 66 84 89 88 67 109 96 97 98 76 97 88 34 94 108 77 38 96 102 82 37 118 99 103 98 70 81 88 84 71 82 90 82 77 81 92 86 94 90 87 96 77 86 96 123 79 76 89 121 77 79 83 118 93 105 109 104 52 72 76 114 56 57 70 124 54 61 67 121 99 112 116 102 87 90 102 122 92 87 101 119 90 90 93 116 82 94 06 91 135 146 137 119 135 137 129 112 138 137 128 112 92 96 99 103 149 158 154 130 160 154 143 119 161 157 140 123 84 82 89 97 119 131 120 106 121 128 121 108 123 124 121 106 104 119 117 112 132 126 132 139 126 115 125 135 134 116 126 145 104 114 118 112 155 141 122 118 152 120 115 120 161 119 121 122 95 113 116 109 113 111 131 143 111 113 131 143 118 114 130 150 120 116 121 116 138 116 112 127 124 117 105 127 129 118 110 127 127 114 119 111 118 101 96 119 100 105 99 116 103 108 104 118 125 116 111 109 142 118 115 125 138 124 109 133 145 124 114 132 117 127 114 105 111 119 108 99 116 124 114 101 113 115 115 118 115 138 119 109 111 128 109 103 116 126 115 103 110 114 121 124 112 114 105 97 111 114 108 96 115 122 113 99 131 111 133 114 117 115 105 108 108 118 116 114 109 114 107 108 116 112 112 109 105 102 102 106 106 118 97 78 120 112 84 70 127 113 92 72 101 103 104 108 104 112 120 128 103 115 121 131 109 112 124 131 111 101 99 102 . September October November..December See footnotes on opposite page • 53 EXPLOSIVES l [Base year in bold-faced type; Index numbers on opposite page] TOTAL EXPLOSIVES Year and month Production Ship- ments Sales BLACK BLASTING POWDER > Stocks Production Shipments Sales Stocks PERMISSIBLE AND OTHER HIGH EXPLOSIVES» Production Shipments Sales Stocks Thousands of pounds 1922 monthly a v e r a g e . 1923 monthly a v e r a g e . 29,726 36,762 31,030 36,542 28,926 35,174 16,316* 18,758 11,010 13,311 11,394 13,079 10,968 12,939 10,435 11,854 10,754 24,284 19,6S6 23,463 17,953 22,235 5,681 6,904 January... February. March.... April 9,704 26,653 27,163 20,287 24,654 28,387 26,418 20,488 24,258 25,651 25,554 19,499 17,848 15,625 15,849 15,917 8,320 10,681 9,694 3,749 10,725 12,261 8,719 4,337 10,512 11,150 8,988 4,010 12,299 10,361 10,731 10,242 13,843 15,972 17,469 16,538 13,929 16,127 17,G99 16,151 13,746 14,501 16,566 15,488 5,549 5,264 5,118 5,674 May.... June July August- 22,964 25,685 28,478 36,611 24,425 23,618 27,795 37,510 22,167 22,889 24,009 34,137 15,145 17,209 17,735 16,960 5,736 7,941 8,368 12,580 6,348 6,538 7,989 14,149 5,929 6,661 7,343 13,300 10,294 11,706 12,074 10,597 17,228 17,744 20,111 24,031 18,077 17,079 19,806 23,361 16,238 16,228 16,665 20,837 4,851 5,504 5,661 5,304 September. October November. December . 39,982 43,300 40,626 35,253 42,024 42,725 40,049 34,867 39,857 39,519 37,049 32,522 14,944 15,596 16,231 16,733 16,418 17,364 16,964 14,303 18,229 17,591 16,296 13,552 17,687 17,230 15,320 13,481 8,604 9,333 10,174 23,564 25,935 23,662 20,950 23,795 25,134 23,754 21,315 22,171 22,289 21,729 19,040 6,135 6,993 6,897 6,559 1923 January... February. March.... April 39,384 37,501 39,308 41,180 39,060 35,865 38,846 41,900 33,473 36,549 41,986 16,968 18,583 19,265 18,230 17,062 15,490 13,461 12,940 17,278 13,668 13,047 13,675 17,633 13,029 13,231 13,386 9,920 11,748 12.127 11,390 22,322 22,011 25,846 1 28,239 21,782 22,197 25,799 28,225 21,236 20,444 23,318 28,599 7,048 6,835 7,138 6,840 May June July August... 40,991 34,378 33,247 37,870 38,551 36,286 32,685 39,324 37,331 34,123 31,806 36, 765 20,703 18,660 19,378 18,139 12,972 11,130 10,613 13,105 11,397 11,990 11,270 13j219 11,326 11,896 11,360 12,993 12,998 12,147 11,533 11,416 28,018 23,248 22,633 24,765 27,153 24,296 21,415 26,104 26,006 22,227 20,446 23,771 7,705 6,513 7,845 6,723 SeptemberOctober.... November. December.. 34,663 37,688 33,800 31,133 34,453 37,124 33,683 30,725 33,429 35,746 32,914 29,093 18,375 18,694 18,810 19,290 12,620 15,149 13,149 12,038 12,602 14,584 12,432 11,782 12,733 13,837 12,583 11,259 11,483 11,918 12,614 12,954 22,043 22,538 20,652 19,095 21,851 22,540 21,250 18,943 20,696 21,909 20,331 17,833 6,892 6,776 6,196 6,336 32,235 35,081 34,355 33,858 34,026 35,349 33,408 33,674 33,467 32,540 32,368 31,398 17,088 16,697 16,697 17,299 11,644 12,992 10,728 8,544 13,695 12,712 9,569 7,967 13,905 12,386 10,141 7,937 10,565 10,765 10,899 11,318 20,592 22,089 23,627 25,314 20,331 22,637 23,839 25,707 19,561 20,154 22,226 23,461 6,523 5,932 5,798 5,9S1 1922 1924 January,... February. March.. April.... May...., June July.. August".".! September. October.... November. December.. An* flComPded by the U. S. Department of the Interior, Bureau of Mines, from reports from 24 companies. Data do not include reports of manufacturers of ammunition ttua nrcworks, nor production of nitroglycerin, except in so far as nitroglycerin is used in the manufacture of other explosives. , . w i t h sodium s o d i u m or potassium nitrate as a constituent is here classified as black blasting powder. An black powder with « « r f »w in J S 8 1u1s?t 6y "Ptafrw" that Bu ^ J ^ iffS main JSS5 are high explosives that, because of having passed certain tests prescribed by the Bureau of Mines, aro ^ J ^ ' g ^ ^ r M MtiffinS BfSSSl"! ? *** min<is' They include ammonium nitrate explosives, hydrated explosives, organic nitrate explosives, and certain nitroglycenn explosives containing «i excess of free water or carbon. Dynamite and all other high explosives are totaled here with permissible explosives 54. RAILWAY EQUIPMENT [Index numbers for base year In bold-faced type: numerical data on opposite page] Freight cars \ Tear and month Total Freight cars Passenger cars Domes- Foreign tic Total NEW OEDEBS) UNFILLED OBDEBS1 SHIPMENTS i Domes- Foreign tic Total Freight Passenger cars Domes- Foreign tic Total cars Domes- Foreign Domestic tie pelative to 1913 Relative to 1919 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923.monthly average. averageaverage. average. average. average., 1919 January February March April May June July August September October November December 1920 January February, March April May June — July." August September October November December 1921 January February March. April May June July August September October November December 1932 January... February.. March April May June July August..... September.. October November.. December.. 1923 January February.., March April May June July August September.. October November.. December.. 1924 January... February.. March..;.. April May 141 100 43 30 41 103 64 1OO 56 45 69 175 71 100 24 8 2 3 368 100 179 395 311 726 573 100 209 645 418 1,227 88 100 138 50 163 38 140 100 53 19 75 79 138 100 75 26 115 129 100 20 9 11 4 97 94 70 72 73 49 SO 196 203 116 95 55 116 94 37 18 3 8 33 266 288 - 146 126 61 72 93 115 147 169 106 138 100 86 74 52 43 184 74 258 137 300 84 16 26 0 5 11 100 264 91 291 145 109 145 27 45 0 9 9 18 75 50 213 125 563 0 0 0 0 0 13 213 166 156 145 133 112 111 105 83 60 48 42 39 141 132 129 123 112 127 127 98 67 52 47 45 54 40 40 34 34 '28 25 36 39 56 58 73 65 55 40 31 38 38 37 44 51 87 85 106 21 205 79 0 111 237 179 200 179 289 595 100 136 0 0 164 191 345' 191 436 873 113 0 350 0 0 263 333 163 0 163 88 213 49 53 60 77 86 87 90 87 86 86 74 102 91 83 65 52 33 56 31 21 1 1 5 226 337 363 611 758 358 474 547 289 179 47 47 391 455 627 1,055 1,255 1,445 818 945 336 309 32 18 0 175 0 0 75 50 0 0 225 0 0 26 79 32 37 211 316 216 339 516 526 595 795 45 136 55 64 182 236 282 455 613 813 1,027 1,118 67 39 33 28 23 19 17 9 8 100 134 79 204 193 169 149 112 88 71 60 50 41 34 30 124 97 69 58 26 32 87 30 64 81 238 292 123 84 57 49 39 26 109 19 32 56 253 351 126 120 92 75 2 43 44 51 126 128 208 180 26 23 22 20 18 22 23 21 19 19 17 13 234 218 340 381 476 505 508 529 553 518 556 492 243 450 505 631 686 699 742 778 734 797 715 3 9 11 9 9 10 6 9 8 6 10 468 440 401 333 264 194 149 94 66 71 71 111 678 647 587 487 388 251 188 98 70 41 33 100 166 251 355 493 475 451 494 454 692 719 749 183 261 420 622 613 592 0 0 0 0 250 425 125 300 376 125 0 350 20 32 39 58 65 79 93 85 98 100 107 118 26 46 57 39 101 124 137 133 154 153 169 188 11 11 11 11 10 10 11 ' 11 12 12 12 11 11 3 3 3 3 3 3 6 3 2 2 1 97 80 102 87 101 104 99 118 111 116 113 103 162 136 176 149 172 176 170 202 189 197 193 176 832 505 747 695 800 763 642 868 605 568 626 1,084 1,391 873 1,245 1,164 1,382 1,282 1,109 1,500 1,018* 955 1,082 1,773 63 0 63 50 0 50 0 0 38 33 0 138 110 103 121 117 104 92 81 69 55 41 31 27 174 169 198 192 169 149 132 110 90 66 49 44 42 43 38 42 52 73 73 64 73 89 484 400 726 579 400 600 691 1,209 945 609 325 0 63 75 113 26 57 61 62 55 40 92 97 99 3 -4 6 3 1 2 1 1 100 604 297 710 1F233 15 21 13 22 31 39 56 29 53 80 89 128 142 140 See footnotes on opposite page. 113 442 222 516 820 43 39 31 25 22 11 8 9 11 18 28 11 13 19 24 35 18 31 47 52 74 82 235 100 1,014 1,065 1,110 1,355 146 152 19 63 18 143 169 169 131 144 180 159 144 123 123 108 97 76 52 67 67 33 62 24 46 46 39 30 85 75 87 57 12S 144 133 2 13 3 2 14 9 1 5 62 67 5 133 231 231 246 213 184 167 123 79 62 62 23 105 133 114 300 174 125 130 15 99 121 176 221 1,018 973 883 905 851 771 719 680 694 755 812 781 1,545 1,473 1,341 1,378 1,239 1,171 1,082 1,001 1,025 1,121 1,208 1,158 15 21 13 66 18 11 28 70 66 61 61 364 436 419 384 336 538 648 627 578 534 33 33 25 15 10 3 405 93 21 17 14 26 9 11 43 101 78 125 55 RAILWAY EQUIPMENT [Base year in bold-faced type; Index numbers on opposite page] SHIPMENTS 1 . Freight cars Year and month Total Domestic Passenger cars Foreign NEW OUDEItSJ UNFILLED ORDERS1 Total Freight cars ForDomestic eign Total Freight cars Passenger cars , Domestic Foreign 76,974 55,C30 41,964 14,380 6-1,007 71,505 51,129 3G,185 7,302 3,179 4,008 1,320 Total Domestic Foreign ! Domestic Number 1918 monthly 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly av av av av av av 1919 January February March April May June July August September October November December 1920 January February March April May June July. August September October. November December 1931 January February. March ch Apil April May. M May.. J June.... July.. August September.... October November December 1922 January February"" March Ail" May June.. Jl August September October November. December.*": 1933 January _„ February::"* March " August.... : September. October November"*" December."::: 1924 7,961 11,917 5,116 3,528 4,866 12,233 4.392 6,904 3,899 3,109 4,749 12,069 3,569 5,014 1,217 419 117 164 70 19 34 75 59 138 63 11 23 71 46 135 7 8 11 4 13 3 11,600 11,158 8,314 8,574 8,685 5,836 9,580 23,408 24,156 13,778 11,303 7,975 6,513 2,536 1,220 212 541 2,644 18,393 19,854 10,078 8,682 4,197 3,625 4,645 5,778 7,354 8,473 5,295 6,936 5,015 4,302 3,709 2,621 2,411 35 14 49 26 57 16 3 5 0 1 2 19 29 10 32 16 12 16 3 5 0 1 1 2 6 4 17 10 45 0 0 0 0 0 1 17 152,345 143,300 132,676 122,135 102,929 102,370 96,534 76,469 55, 248 44,018 38,216 35,536 78,574 73,384 71, C65 4,813 4,790 4,039 4,017 3,316 2,963 4,240 4,617 6,667 6,878 8,660 4,482 3,774 2,796 2,127 2,630 2,608 2,583 3,056 3,529 5,999 5,902 7,298 1,904 1,039 1,994 1,912 1,387 708 380 1,184 1,084 668 976 1,362 10 4 39 15 0 21 45 34 38 34 55 113 1 4 11 15 0 0 18 21 38 21 48 96 0 28 0 0 21 27 13 0 13 7 17 7,827 6,776 6,458 5,326 4,039 2,658 4,325 2,288 1,807 272 132 430 7,008 6,276 5,753 4,455 3,610 2,245 3,892 2,106 1,457 72 60 819 500 700 871 429 413 433 182 350 200 72 62 43 64 69 116 144 163 90 104 55 34 43 50 69 116 138 159 90 104 37 1,295 1,555 2,283 2,888 4,140 2,199 3,689 5,605 6,174 8,860 9,803 9,900 1,271 1,498 2,111 2,711 3,845 2,027 3,638 5,509 6,140 8,822 9,786 9,634 24 57 172 177 295 172 51 06 34 38 17 266 5 15 6 7 40 60 41 74 98 100 113 151 5 15 6 20 26 31 50 68 90 113 123 11,527 9,549 12,191 10,327 12,065 12,405 11,799 14,030 ,13,282 13,850 13,469 12,296 11,154 9,413 12,140 10,287 11,871 12,185 11,747 13,968 13,018 13,577 13,333 12,131 373 136 51 40 194 220 52 62 264 273 136 165 158 96 142 132 152 145 122 165 115 108 119 206 5,041 5,070 4,585 5,058 6,253 5,007 5,015 4,453 5,053 6,158 34 55 132 5 95 92 76 138 110 76 128,103 91,815 48,851 17,559 68,848 72,825 346 416 177 116 783 701 393 345 914 | 824 1,452 ! 1,430 69 01 82 48 89 22 1,600 2,000 6,667 1,838 15,039 8,624 62,411 70,656 70,790 54,585 37,144 29,106 26,041 24,816 61,011 53,753 40,518 31,714 25,744 21,884 18,10-1 14,912 12,175 10,720 220 171 122 103 46 56 154 53 114 143 421 517 143 98 66 57 45 30 127 22 37 65 294 407 77 73 56 46 1 26 27 31 77 78 127 110 36,663 38,095 41,455 50,049 54,099 55,963 58,487 55,763 54,907 53,077 47,524 40,124 27,282 29,706 33,601 42,859 47,761 48,171 50,275 48,189 48,114 48,051 41,290 38,268 9,381 8,389 7,854 7,180 6,338 7,792 8,212 7,574 6,793 7,026 6,234 4,856 414 385 602 674 842 893 899 936 978 917 9S4 871 311 282 522 586 732 796 811 861 903 851 •925 829 103 103 80 88 110 97 88 75 75 66 59 42 0 14 0 0 6 4 0 0 18 0 0 7 35,777 29,910 25,837 20,825 17,449 15,860 8,233 7,633 7,548 8,453 13,841 19,339 32,874 26,685 21,808 17,513 13,890 12,149 6,145 4,537 4,788 6,177 10,236 15,755 2,903 3,225 4,029 3,312 3,559 3,711 2,088 3,090 2,760 2,276 3,605 3,584 778 709 589 468 343 264 167 116 125 126 197 786 750 681 565 450 291 218 114 81 47 38 116 42 28 28 24 18 52 46 53 35 78 88 81 2,700 200 1,400 350 250 1,500 900 150 550 6,500 7,000 550 0 0 0 0 20 34 10 24 30 10 0 28 18,178 29,691 35,476 53,691 59,873 72,529 89,925 77,978 89,965 92,057 98,329 108,487 14,356 25,710 31,466 49,678 56,090 68,791 75,985 73,842 85,775 87,861 94,102 104,423 3,822 3,981 4,010 4,013 3,783 3,738 3,940 4,136 4,190 4,196 4,227 4,064 872 841 799 875 804 1,224 1,273 1,326 1,586 212 303 487 722 711 687 773 726 1,176 1,235 81 141 141 150 130 112 102 78 48 38 11,000 14,500 12,000 31,500 18,250 13,100 13,700 1,610 10,350 12,700 18,500 23,255 153 96 137 128 152 141 122 165 112 105 119 195 100,666 94,758 111,289 107,799 95,446 84,114 74,766 63,349 50,872 37,668 28,092 25,082 96,799 93,811 110,047 106,778 94,283 82,920 73,569 61,110 49,874 27,429 24,573 3,867 947 1,242 1,021 1,163 1,194 1,197 2,239 993 799 663 509 1,801 1,722 1 563 1,602 1,506 1365 1,272 1,204 1,229 1,337 1,438 1,383 1,792 1,709 1,555 1,598 1,495 1,358 1,255 1,161 1,189 1,300 1,401 1,343 66 76 133 104 67 23,552 52,678 55,604 56,752 50,920 22,161 51,250 54,202 55,348 49,644 1,391 1,428 1,402 1,404 1,276 644 772 742 679 683 624 752 727 670 677 7 73,771 293 444 628 1,288 1,572 9 13 8 4 11 7 17 43 40 37 37 40 8,000 5,500 7,000 7,000 3,500 6,500 2,500 2,500 15,000 9,300 42,500 9,800 2,200 1,785 1,450 2,780 897 1,125 5,050 11,600 8,150 41,350 13,150 10,250 511 L p m e i l t s a n d unfilled orders for railway equipment were obtained trom the IntersUtie Commerce Commission. e fiS ?!?* c a r s b * domestic railroads compiled by the Iron Trade Review. Comparable distribution of the data by months are not available prior to 1920. t h e w d from • ffSStaf £ »a entirely different source than the other data in this table; comparisons with these other data wiUnot be accurate. 56 ENAMELED SANITARY WARE [Index numbers for base year in bold-faced type; numerical data on opposite page] Tear and month Orders received Orders Unfilled Orders | Orders shipped Stocks received orders shipped av, av. av_ av. av. 115 123 136 148 96 1918 mo. a v . 1919 mo. a v . 1920 mo. av.. 1921 mo. a v . 1922 mo. a v . 1923 mo. a v . 56 100 149 120 216 261 1931 September.. October November.. December.. 157 183 148 112 126 1923 January February... March April 141 158 194 235 127 135 167 143 May.... June July.... August- 247 246 213 237 September. October November. December. _ Orders shipped Relative to 1921 Relative to 1919 1913 mo. 1914 mo. 1915 mo. 1916 mo. 1917 mo. SINKS LAVATORIES BATHS Stocks Orders received Orders shipped Stocks Relative to 1921 98 106 129 136 111 122 103 144 78 71 95 47 61 116 40 82 100 112 100 31 100 100 110 100 100 100 337 622 127 200 271 78 57 40 122 175 209 100 53 89 74 47 65 73 141 145 109 119 160 204 104 97 74 73 145 169 120 99 85 67 72 80 92 111 70 134 170 130 105 102 85 91 106 88 110 71 71 84 75 93 159 105 106 112 164 138 157 202 226 73 73 90 75 110 95 132 136 136 168 184 103 103 122 107 113 90 71 56 221 192 146 121 358 434 468 438 241 229 189 211 56 49 45 44 266 225 155 139 204 200 164 178 228 236 226 233 51 65 81 90 119 114 133 140 455 436 466 504 202 198 203 203 40 43 46 48 139 131 152 172 1923 January... February. March April 267 257 282 254 102 100 102 84 211 193 175 151 613 740 761 780 216 196 242 215 48 44 40 39 May... June July.— August- 270 228 234 262 80 70 64 71 111 96 97 109 726 703 607 610 240 220 218 270 September. October November. December.. 252 329 263 234 71 72 89 103 108 153 124 142 493 475 466 498 1924 January February... March April 276 285 337 298 125 143 150 155 163 211 187 140 292 153 107 May.... June July.... August. 144 50 179 99 84 31 1OO 53 59 133 139 59 112 86 64 61 100 66 76 145 • 151 '100 312 685 131 154 117 97 118 103 101 115 92 108 75 71 91 92 72 73 97 82 110 162 137 128 162 179 104 101 121 107 132 89 117 155 100 89 107 159 S2 66 56 49 225 191 143 119 183 177 146 155 97 83 79 77 197 184 149 140 376 431 170 183 181 192 48 46 52 56 132 119 161 153 173 160 154 170 65 65 66 75 143 127 152 161 397 396 465 495 247 223 215 195 223 190 218 190 51 50 52 43 233 199 178 157 197 166 207 191 76 65 71 70 233 187 172 56 642 771 818 851 32 33 34 34 139 106 110 140 202 196 191 214 41 38 39 42 122 87 91 118 204 209 187 219 62 149 107 119 130 825 780 699 619 249 323 266 243 33 37 50 60 124 179 148 162 196 259 215' 216 40 46 53 107 161 137 154 191 238 216 225 54 59 65 111 150 152 147 •569 543 530 576 603 586 284 288 326 280 74 79 85 90 186 216 196 142 252 252 289 239 77 78 80 81 181 187 184 126 262 266 311 279 80 75 97 102 209 251 195 146 525 242 103 232 93 275 119 116 3100 73 77 159 166 September. October..., November. December.. Orders Unfilled received orders Relative to 1919 104 108 122 143 100 TOTAL SMALL WABE MISCELLANEOUS See footnotes on opposite page. 545 585 599 533 425 ENAMELED SANITARY WARE1 [Base year ID bold-faced type; index numbers on opposite page] BATHS Year and month Orders shipped Stocks LAVATORIES Orders Unfilled received orders Orders shipped SINKS Orders Orders received shipped Stocks MISCELLANEOUS Orders Orders received shipped Stocks TOTAL SMALL WARE* Orders Unfilled received orders Number 39,831 42,450 46,977 51,181 33,172 1013 mo. a v . 1914 mo. a v . 1915 mo. a v . 1916 mo. a v . 1917 mo. a v . 1918 mo. 1919 mo. 1920 mo. 1921 mo. 1922 mo. 1923 mo. av. av. av. av., av. av. 47,754 49,527 55,769 65,230 44,888 53,428 57,789 70,626 74,293 48,419 31,555 34,655 29,367 40,887 22,201 19,495 34,60S 51,441 41,510 74,814 90,396 60,530 42,175 20,951 75,324 41,768 35,439 21,514 69,872 36,774 40,911 340,816 93,033 137,628 97,316 253,957 1921 September.. October November.. December 54,377 63,217 51,259 38,818 31,474 30,010 40,667 53,140 57,024 62,279 41,173 41,993 43,375 39,412 30,763 29,987 77,293 54,924 45,176 118,272 .94,091 100,912 111, 834 67,381 81,978 51,677 49,961 73,101 92,820 70,899 57,430 127,822 107,332 114,830 133,014 77,359 97,104 62,228 62,222 1932 January February... March April 48,947 54,829 67,265 81,234 53,422 56,759 70,587 60,260 58,953 52,683 65,072 111,034 42,908 43,368 45,868 66,743 63,151 71,676 92,475 103,596 102,190 101,566 120,228 104,543 80,913 69,798 97,495 142,240 73,976 74,489 91,875 100,512 129,586 129,505 152,980 135,071 May June July August 85,550 85,138 73,553 81,849 47,694 37,846 29,756 23,488 154,232 134,206 102,112 84,866 146,129 177,197 191,038 178,827 110,226 104,671 86,532 96,796 78,062 68,558 62,349 62,142 196,148 165,855 113,880 102,485 111,302 109,151 89,491 97,031 September.. October November.. December... 78,967 81,783 78,089 80,563 21,716 27,436 34,370 37,886 82,878 79,666 92,810 97,878 185,603 178,120 190,070 205,659 92,412 90,652 92,973 92,985 55,881 60,125 64,822 67,618 102,455 96,730 111,726 126,934 1923 January February... March April....]]*] 92,500 88,912 97,718 87,992 42,881 41,980 43,222 35,529 147,505 135,031 122,567 105,487 250,369 301,911 310,740 318,329 99,058 89,684 110,656 98,396 66,417 61,676 55,643 54,982 May June... July August 33,866 29,462 27,107 30,110 77,686 67,404 67,770 76,221 296,497 ]] 93,583 78,954 81,082 90,721 245,568 248,844 109,759 100,672 99,903 123,402 September.. October November.. December... 87,376 113,718 91,128 81,069 29,782 30,429 37,342 43,557 75,795 106, 780 86,634 98,916 201,180 193,805 190,019 203,329 1924 January... February..] March April " 95,562 98,568 116,717 102,984 52,924 60,462 63,415 65,299 114,203 147,511 130,375 97,606 101,146 64,399 74,494 May. June. 32,697 132,369 34,322 4 5 , 7 6 8 139,751 73,612 51,438 43,302 53,438 58,169 109,318 56,315 91,512 79,507 117,222 110,479 56,408 121,891 33,097 145,329 35,089 54,584 258,141 88,018 66,333 57,502 60,231 64,577 66,458 111, 764 93,336 124,179 95,327 59,188 127,919 114,146 23,405 25,427 77,034 28,:*83 79,809 41,900 47,410 27,691 31,062 80,394 31,803 '129,201 33,640 68,400 60,933 403,596 45,531 51,260 63,290 885,820 57,913 94,134 82,017 80,980 91,643 38,359 45,137 31,537 29,879 117,101 119,087 93,168 93,744 85,549 72,249 96,530 142,458 38,875 83,242 36,272 80,742 45,979 ! 86,334 50,755 ' 85,528 B5r 157 37,148 49,201 64,754 128,811 114,907 138,374 206,084 102,747 82,831 70,789' 62,272 197,655 168,410 125,557 104,578 52,075 50,161 41,549 44,072 ; 77,788 i 60,636 | 62,9Si ! 61,311 82,546 77,092 62,349 58,671 436,787 486,331 557,488 508,005 92,55S 100,072 98,899 104,564 60,861 58,442 64,462 70,491 115,968 104,687 141,428 135,075 49,054 45,544 43,706 48,334 52,025 51,645 52,445 60,123 60,071 53,195 63,535 67,451 513,113 512,286 600,466 640,440 181,707 164,450 157,961 143,344 121,894 103,571 118,822 103.705 63,797 62,828 65,465 54,093 204,931 175,262 156,906 138,479 55,844 47,161 58,621 54,180 60,466 52,290 56,909 55,526 97,793 78,211 72,110 65,228 829,235 997,126 1,056,942 ,100,340 44,391 45,973 47,763 47,599 102,677 77,782 80,649 102,730 110,013 107,087 104,053 116,916 51,810 47,539 48,715 52,718 107,050 76,582 80,430 103,543 57,866 59,204 52,946 62,093 49,984 47,777 47,642 49,459 62,288 44,998 49,745 54,486 ,066,772 ,008,103 903,944 799,841 113,802 147,64S 121,741 111,029 46,549 52,110 69,412 84,373 91,523 131,849 108,631119,387 107,109 141,407 117,222 117,955 50,912 57,963 67,265 87,147 93,932 141,702 120,486 135,726 54,217 67,492 61,388 63,944 43,422 52,529 47,294 51(786 46,434 62,824 63,824 61,533 749,251 735,351 701,490 681,446 216,295 235,279 245,921 239,118 129,988 131,921 149,302 128,002 103,252 111,044 118,781 125,695 137,084 158,696 144,384 104,210 137,624 137,523 157,799 130,247 97,366 97,962 100,410 102,458 159,541 164,877 162,184 110,813 74,484 75,527 88,371 79,249 63,964 60,095 77,359 81,561 87,425 105,168 81,839 61,032 704,104 756,311 774,831 689,068 214,309 110,697 144,088 72,441 126,627 116,826 85,864 78,100 94,829 48,571 549,450 37,268 43,792 33,330 27,518 August.. September. °ctober..._ November. December.. ion and J j J ? r ? d u c t l o n da *a beginning January, 1922, represent complete production, Including total membership of the £™™Jff ^™£I?* J reports *: Bata S5° rt f l? t h2 ea rBureau of the Censu* from outside manufacturers, except that a few small firms were not able to furnish complete e totals Small i w - V*? of the association reports representing about 98 per cent of the industry. Ud s la ' Averaize^lW *l 7atories, sinks, and miscellaneous. a g e of S months, May to December, inclusive. 58 DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS GROUPED BY FEDERAL RESERVE DISTRICTS [ Table continued on p. i [Index numbers for base year (1919) in bold-faced type] Year and month Numerical base, millions of dollars 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly 37,446 average. 100.0 106.0 average 88.7 average 97.8 average 103.2 average NEW YORK DISTRICT BOSTON DISTRICT U.S. TOTAL, 141 Total, CENTERS centers Boston 1,769 100.0 109.2 102.4 105.5 117.1 Hartford Providence 144 1,245 100.0 105.9 106.7 109.3 120.2 PHILADELPHIA DISTRICT Total, New New Albany Buffalo Roches7 ter York Haven centers 72 100.0 118.7 93.0 95.1 105.5 100.0 118.1 98.6 104.2 122.2 20,917 100.0 99.3 85.2 98.4 98.2 263 120 iooio^ 111.5 119.5 119.5 118.3 IOOCT 1118 92.8 99.6 1118 100.0 119.2 103.3 110.0 1212 87 20,354 Total, Phila- Scranton 10 centers delphia 1,625 1,373 53 43 100.0 113.3 95.9 102.5 114.3 100.0 112.4 93.8 101.7 111.9 100.0 1215 122.7 109.4 139.6 100.0 1923 January February... March April May June July August September. October November. December., 1213 106.8 125.6 119.8 121.0 122.8 112.1 100.2 99.5 121.8 121.6 ' 129.3 129.4 111.4 133.3 1211 1210 124.9 113.9 99.7 100.6 122.5 1213 133.5 121.7 107.6 115.2 122.8 122.8 123.9 121.7 108.7 106.5 121.7 120.7 1318 111/1 914 1018 106.2 106.9 112.5 100.0 93.0 88.9 122.9 110.4 117.3 122.2 102.8 115.3 112.5 127.8 130.6 126.4 122.2 112.5 133.3 122.2 130.6 108.8 93.7 111.1 101.3 102.3 101.8 90.9 80.5 83.3 919 98.6 109.0 110.3 113.8 132.1 143.6 127.5 1418 117.2 106.9 98.8 108.0 105.7 113.8 117.5 96.6 111.8 115.6 116.3 121.3 119.8 112.2 107.6 122.8 113.7 122.8 126.7 105.0 131.7 125.8 126.7 145.0 122.5 112.5 110.8 123.3 115.0 146.7 108.5 93.4 110.7 100.6 101.7 103.4 90.0 79.5 82.5 911 98.2 108.5 117.8 101.5 118.5 114.6 121.5 128.2 112.4 106.6 102.8 118.3 107.0 123.1 116.3 100.1 117.0 112.2 119.7 127.7 108.9 101.4 100.5 115.4 1010 120.0 149.1 1215 145.3 135.9 145.3 147.2 156.6 1310 118.9 143.4 1310 151.0 130.3 125.6 130.3 141.9 146.6 14L9 144.2 127.9 127.9 141.9 130.3 110.8 99.9 108.8 105.6 107.0 107.5 123.7 111.5 121.4 119.7 116.0 115.4 126.1 115.9 125.8 123.4 118.6 118.8 147.8 118.5 133.7 138.0 130.4 129.4 111.1 99.3 1011 1018 108.3 100.0 129.2 113.9 132.0 120.8 129.2 123.6 109.1 98.1 106.3 102.1 105.8 108.2 110.3 1211 1314 149.4 149.4 1314 123.6 1012 111.4 1111 118.2 115.2 131.7 111.7 126.7 125.8 129.2 14a 3 108. 6 97.7 105.9 101.5 105/2 107.7 118.5 106.0 115.3 119.5 116.6 119.1 116.7 102.5 112.2 116.7 114.5 117.3 143.4 145.3 143.4 141.5 141.5 139.6 1349 14&9 144.2 151.2 14L9 141.9 • Year and month Total, Bir15 Atlanta mingcenters ham New Orleans Numerical base, mil lions of dollars Jacksonville Nashville Augusta Total, 31 centers 48 93 37 4,242 100.0 average.. average.. average.. average,. average.. 125.0 91.7 97.9 112.5 100.0 120.4 105.4 71.0 78.5 100.0 110.8 64.9 70.3 83.8 100.0 116.0 92.0 96.8 108.8 Chicago 2,800 Detroit 525 136 237 83 100.0 125.2 91.2 101.3 125.7 100.0 123.5 100.0 1014 115.4 100.0 1210 97.5 101.7 115.6 100.0 1115 814 83.1 97.6 100.0 109.5 63.5 10L6 119.0 108.4 89.2 106.9 95.5 99.4 97.2 90.2 85.3 90.0 110.0 106.9 121.3 109.8 96.7 119.5 103.3 110.6 112.2 98.7 911 98.8 122.0 117.1 120.3 193.2 168.8 179.7 172.9 183.1 179.7 176.3 167.8 169.5 215.3 178.0 200.0 1116 86.2 1016 89.8 92.1 88.8 83.9 76.3 82.6 102.0 11L5 136.5 113.8 1012 125.0 120.8 118.7 1116 108.3 100.0 95.8 1116 108.3 135.4 84.4 68.9 82.6 77.2 85.0 82.8 73.1 72.0 73.1 83.9 76.3 82.8 88.4 78.3 110.0 79.9 710 68.5 61.6 52.8 81.7 102.7 105.4 97.3 113.4 103.3 113.8 111.7 115.5 112.5 106.3 100.0 99.2 109.9 104.4 115.2 112.6 1016 109.6 109.1 110.7 105.0 102.1 915 910 1016 100.4 112.6 118.8 1J1.1 130.3 128.1 135.1 137.3 121.6 120.1 119.7 12a 8 1216 132.8 128.7 106.8 115.4 108.8 123.5 123.5 119.1 109.6 103.7 1110 109.6 119.9 118.1 102.1 117.8 113.7 1218 123.1 1117 108.2 109.5 123.9 111.8 117.7 98.8 -80.7 . 115.7 1018 102.4 1211 96.4 88.0 86.8 100.0 86.8 89.2 88.0 76.0 92.0 86.6 93.3 94.6 89.3 90.6 92.0 89.3 81.3 916 119.0 10L6 136.5 120.6 12a 6 123.8 112.9 102.2 106.4 104.6 98.9 94.1 120.3 104.9 114.6 114.6 109.8 104.1 196.6 174.6 194.9 200.0 184.8 178.0 120.0 112.5 111.2 105.2 94.4 88.5 127.1 118.7 127.1 135.4 131.2 120.8 82.8 72.0 82.8 79.6 77.4 76.3 83.8 75.7 67.6 70.3 67.6 59.5 110.8 98.5 113.3 109.4 111.9 108.0 107.1 92.2 108.7 1918 107.1 1016 132.6 125.3 139.4 135.8 136.2 126.5 117.6 103.1 110.0 107.4 116.2 109.6 1118 111.0 116.4 109.7 110.5 105.1 90.4 79.5 910 86.8 107.2 127.7 88.0 77.3 89.3 88.0 90.6 66 122.2 117.4 134.9 128.5 123.8 114 3 1934 January February-March April May June July August September. October November. December- t MilGrand Indian- wauDes Rapids apolis kee Moines 1923 January— February,_ March April May June July. August September. October.... November. December.. | f | | CHICAGO DISTRICT ATLANTA DISTRICT 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly 125.6 111.6 118.6 137.2 111.5 96.0 112.7 105.0 107.0 108.4 97.5 89.5 91.0 103.9 102.8 113.4 1934 January February... March April May June July August September. October November. December.. Trenton lit? 112.7 111.1 127.0 112.7 125.4 md a t a 3 havl h?iSP™1 A H°forwa ^ e c t e dt h by the Federal Reserve Board, this table supplements similar data published in the October, 1923, Survey (No. 26), Pff: ^ u e n t numWg rtSSSSffnf* f d msincn<? . a t a^g "a ien, a in the text matter of each successive number, thus bringing these data current through June, 1924. * n n s K ^ p r o ^ 8 a th w e a r to t h e text S ^ t e t e b E for'tSr? * d f ^ 4 PP > enabling the reader to enter the cnrSitflgS«a S this important indicator of business in thespa** 59 DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS GROUPED BY FEDERAL RESERVE DISTRICTS [Index nambers for base year (1919) In bold-faced type] [Table continued on p. $0) CLEVELAND DISTRICT Tear and mont h Total, 13 centers Numerical base, millions of dollars 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly average average average.. average.., average * 1923 January . February March April May June *_ July August September October November December 1934 January. February March... April . June July August September October November CleveAkron Cincinnati land Numerical base, mil. lions of dollars ^monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly 521 Dayton Total, Balti- centers more Norfolk Rich- Charlesmond ton 1,963 90 247 653 746 60 116 116 50 718 404 84 116 37 100.0 115.6 63.3 63.3 80.0 100.0 113.0 107.7 117.4 133.6 100.0 115.9 81.9 84.1 99.2 100.0 118.5 94.9 97.2 112.7 100.0 110.0 78.3 83.3 103.4 100.0 117.2 100.0 132.8 153.5 100.0 111.2 102.6 112.1 128.5 100.0 104.0 110.0 112.0 133.0 100.0 111.8 95.5 89.6 93.6 100.0 115.6 104.9 89.1 93.3 100.0 102.3 71.4 78.5 SS.1 100.0 ioo.0 117.5 99.3 112.4 113.5 115.5 116.1 114.0 106.1 102.1 114.2 101.7 118.8 78.9 66.7 83.3 83.3 86.7 88.9 85.5 77.8 82.2 78.9 72.2 81.1 144.5 116.6 148.6 145.0 142.5 139.3 132.0 114.6 121.9 132.4 117.8 148.2 105.7 83.1 96.3 103.5 102.3 105.9 101.4 95.8 93.9 103.8 90.8 107.6 117.8 111.9 115.1 109.7 117.0 114.4 117.7 106.6 99.4 117.1 105.9 120.5 108.4 30.0 100.0 111.7 98.4 111.7 113.3 98.3 101.7 110.0 90.0 110.0 160.4 119.8 157.8 165.5 161.2 162.9 150.0 148.3 137.1 162.9 141.4 169.8 140.5 102.6 125.9 143.1 146.6 136.2 130.2 130.2 127.6 118.1 111.2 132.8 140.0 120.0 158.0 142.0 144.0 14a o 150.0 128.0 134.0 140.0 120.0 148.0 103.9 83.0 102.7 94.2 97.6 103.6 94.9 93.2 91.2 104.1 93.9 112.0 96.0 81.2 97.3 92.1 95.8 102.0 95.8 91.1 85.4 93.0 86.1 99.0 3G.9 76.2 92.8 82.1 83.3 83.3 78.5 76.2 33.3 100.0 104.7 115.4 127.6 100.9 112.9 100.9 103.5 112.9 100.0 105.2 112.9 121.6 126.7 135.3 94.6 110.8 83.8 73.0 70.3 86.5 75.7 70.3 54.1 64.9 75.7 94.6 113.5 102.2 110.7 115.9 108.1 107.2 85.5 70.0 77.8 87.8 81.1 80.0 133.1 116.6 128.4 133.2 122.7 121.1 93.4 89.4 95.8 110.2 93.4 94.8 117.1 105.7 115.8 114.8 113.8 110.1 117.1 95.0 101.7 115.0 101.7 95.0 156.0 148.3 156.9 162.9 152.6 162.9 115.5 104.3 117.2 119.8 115.5 114.7 148.0 126.0 142.0 142.0 136.0 140.0 102.2 90.5 97.4 93.7 92.6 93.7 96.3 84.0 95.8 33.4 90.3 93.6 91.6 78.5 79.7 80.9 80.9 75.0 117.2 107.8 106.9 101.7 101.7 101.7 73.0 67.6 62.2 83.3 67.6 75.7 Total, centers Pitts- Youngs- Toledo Columburgh town bus 100.0 116.4 89.6 94.6 110.9 DaUas 161 Hous- Fort ton Worth 138 92 Summary Louisfor 5 ville centers 965 156 107.8 98.3 110.9 112.9 102,7 C7.6 67.6 73.4 MINNEAPOLIS DISTRICT ST. LOUIS DISTRICT DALLAS DISTRICT Tear and month RICHMOND DISTRICT Total, 9 Minne- St. apolis Paul Helena Billings St. Louis Memphis Lfttte Rock 617 136 36 - 659 90 354 162 • 11 9 100.0 100.0 109.6 34.2 85.0 91.5 100.0 98.2 75.3 97.5 106.3 100.0 100.0 90.9 81.8 10O.0 111. 1 88.9 77.8 88.9 centers Duluth average.. 100.0 average.. 117.4 average.. 93.2 average.. 97.9 average.. 101.3 100.0 114.3 90.7 96.9 107.5 100.0 115.2 86.2 81.2 89.0 100.0 119.6 109.8 119.6 93.5 100.0 100.0 106.5 91.9 94.2 103.4 100.0 107.4 73.5 87.5 106.6 100.0 105.4 89.0 94.5 110.4 100*0 92.3 82.0 87.8 101.9 100.0 108.5 82.7 83.0 94.3 100.0 120.0 84.4 82.2 85.5 116.1 95.0 105.0 93.6 93.3 89.2 80.3 86.2 103.8 120.9 112.1 119.2 119.9 9S.S 104.3 90.1 9Z5 90.7 79.5 87.0 114.3 136.0 134.8 141.0 97.1 71.7 84.1 78.3 80.4 76.8 76.1 81.9 105.8 118.8 93.5 102.2 132.6 115.2 121.7 104.4 96.7 80.4 67.4 68.5 72.8 90.2 80.4 93.5 122.1 98.7 115.2 107.7 111.6 114.4 101.5 96.5 97.9 122.8 113.3 123.8 114.7 93.1 106.4 98.1 101.9 111.5 99.4 91.7 91.0 102.6 97.4 107.0 116.9 93.5 109.6 106.8 113.6 116.5 103.3 97.4 98.1 121.6 106.2 118.5 130.1 98.5 129.4 100.7 89.7 94.1 77.9 76.5 84.6 121.3 132.4 139.7 130.6 150.0 175.0 166.7 166.7 138.9 138.9 144.5 147.2 213.9 203.4 205.6 98.1 77.5 91.2 90.6 96.2 93.9 90.1 90.7 96.3 106.2 100.7 100.3 74.4 60.0 63.9 77.8 93.3 104.4 86.7 78.9 97.8 100.0 104.4 77.8 93.6 74.0 86.7 87.9 92.1 89.8 83.9 85.0 94.9 106.8 93.3 99.7 110.5 95.1 111.7 103.1 106.2 116.7 104.3 107.4 98.8 106.2 104.3 113.6 100.0 90.9 81.8 72.7 81.8 81.8 31.8 90.9 72.7 90.9 81.8 90.9 100.0 77.8 100.0 88.9 83.9 83.9 77.8 88.9 88.9 100.0 83.9 S3.9 108.8 94.8 94.6 92.9 89.4 86.0 126.7 104.3 102.5 101.2 96.9 90.7 93.5 82.6 81.9 79.0 76.1 73.9 82.6 69.6 69.6 73.9 68.5 65.2 117.2 101.7 110.1 107.0 109.6 107.2 111.5 102.6 107.7 107.0 107.0 103.8 112.0 9S.6 109.6 104.9 110.1 110.2 124.3 94.9 95.6 97.1 89.0 82.4 178.3 158.8 167.5 165.4 163.9 147.2 85.7 79.3 88.7 83.9 90.4 93.1 58.9 60.0 64.4 61.1 72.2 91.1 86.7 79.4 89.3 83.6 90.1 39.6 98.8 90.1 103.1 97.5 103.7 104.9 81.8 81.8 81.8 72.7 72.7 8L8 77.8 77.8 55.6 66.7 66.7 77.8 19J33 January* February March... June July. August October.... November December 1934 January February March.. " "' £-"::::::::::::::::: July. • August... September October..; November.; December See footnotes on opposite page. 125.0 116.7 127.8 169.5 60 DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS GROUPED BY FEDERAL RESERVE DISTRICTS [Index n u m b e r s for base year (1919) in bold-faced type] Year a n d m o n t h Total, 14 centers Numerical base, millions of dollars 1919 monthly av "1920monthly a v . . 1921 monthly av 1922 monthly av 1923 monthly av January February March April May - . June July August September October 1933 . - __. - -. . * December.^.. 1934 January February March April May June July August September October November December - .. __. _ * _._ Denver Kansas Omaha City, Mo. St. Joseph, Mo. J SAN FRANCISCO DISTRICT KANSAS CITY D I S T R I C T Oklahoma City Tulsa Total, 18 centers Los Angeles Fortland, Oreg. San Francisco Seattle Oakland, Calif. 1,231 146 413 264 85 68 94 1,909 314 181 760 206 63 100.0 109.8 82.0 84.2 90.6 100.0 139.7 98 6 102.7 111.6 100.0 94.9 74.6 74.3 84.3 100.0 95.5 67.4 73.1 77.7 100.0 97.6 81.1 69.4 72.9 100.0 153.0 129.4 119.2 114.7 100.0 131.9 8S.3 105.3 104.3 100.0 123.2 104.5 107.2 126.3 100.0 139.2 143.0 165.0 223.6 100.0 108.8 82.3 76.2 86.2 100.0 124.6 101.9 94.8 104.0 100.0 96.1 67.0 73.3 83.0 100.0 160.3 128.5 1414 192.0 97.6 81.1 97.4 91.8 92.8 93.9 87.9 89.8 86.8 94.2 85.5 88.0 116.4 96.6 116.4 108.2 113.7 113.7 104.8 111.6 114.4 119.9 109.6 111.6 88.6 72.9 86.9 82.6 83. a 85.5 78.9 88.9 85.0 87.9 85.2 85.5 82.2 68.6 86.0 79.9 80.3 80.3 75.8 76.5 75.8 87.5 67.4 70.1 82.3 71.7 78.8 • 75.3 80.0 70.6 64.7 67.0 69.4 74.1 69.4 69.4 122.1 104.4 133.9 113.3 119.2 125.0 116.2 110.3 101.5 113.3 114.7 108.9 122.4 106.4 121.3 118.1 119.2 122.4 109.6 92.6 83.0 92.6 75.5 94.7 124.4 107.0 135.2 123.0 127.3 12S. 5 122.8 120.3 121.5 137.9 128.9 139.0 209.9 187.0 238.6 214.4 227.4 225.2 225.1 214.0 212.8 245.2 230.3 251.6 76.2 68.5 82.9 86.7 83.4 82.9 , 84.5 85.1 88.4 108.8 90.1 93.9 102.3 89.5 116.5 102.4 106.6 109.2 98.8 97.4 100.0 111.9 103.3 81.6 76.2 82.9 82.3 81.2 78.2 109.6 100.0 121.2 115.7 105.5 104.8 75.8 70,7 73.1 73.4 72.9 69.0 65.9 62.1 71.6 69 3 67.8 65.5 77 6 65.9 70.6 69 4 78 8 65.9 103 0 95.6 98.6 101 5 107 4 103.0 78 7 84.1 92.6 94.7 96 8 94.7 135 7 129 4 139.4 128 7 125 8 121.5 254.5 251.9 276.1 240.1 233 1 223.0 87.3 84.5 90.6 92.8 87.8 82.3 no.o 80.6 68.0 87.4 80.6 82.0 86.9 81.1 82.5 82.5 88.3 84.9 91.3L 1841 17& 2 217.4 198.4 192.0 187.3 190.4 177.7 185.7 193.0 18tt 9 220.6 107.1 107.1 111.5 105.1 104.1 102.4 87.4 75.2 95.6 88.3 85.9 87.4 215.8 193.6 212.7 201.5 190.4 169.8 Minne- Kansas City apolis Dallas San ftancfeco _ DEBITS TO INDIVIDUAL ACCOUNTS BY FEDERAL RESERVE DISTRICTS1 SEASONAL VARIATIONS ELIMINATED Index numbers relative to 1919 monthly average Tear and month 1933 January.. _ February. March. April. AF May.. [ayJune July August September. _ October November.. December... 1934 JanuaryFebruary. . March April May June July August September. October November. December.. U.S. total New Boston . York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 106.8 111.6 111.5 107.5 106.9 104.8 98.4 97.2 95.8 97.3 100.8 100.5 117.0 124.2 126.0 123.5 121.6 118.1 110.9 113.7 109.5 111.7 115.3 114.2 103.1 109.6 109.2 102.5 100.3 97.5 92.3 89.6 90.0 89.4 96.3 96.0 115.3 118.3 118.1 117.5 122.6 121.9 111.7 112.4 106.3 111.5 108.4 108.9 112.9 114.4 114.5 114.4 119.2 111.5 110.5 111.4 104.8 111.4 104.3 103.4 100.2 102.7 106.3 100.2 101.1 100.9 94.3 96.2 95.5 95.8 94.9 97.3 99.9 100.5 106.1 100.4 102.9 100.5 95.1 94.6 93.4 99.2 100.6 105.6 111.4 118.3 111.4 115.0 116.4 111.0 104.9 102.6 100.4 104.1 106.1 106.1 113.8 109.3 114.7 112.1 113.9 113.4 104.4 105.8 103.1 112.1 111.2 110.1 97.5 97.6 97.2 96.5 100.5 100.8 946 948 87.1 89.7 93.5 90.4 94.4 92.4 95.4 85.8 940 941 87.4 88.0 85.7 88.9 85.8 84 9 108.4 107.8 107.5 103.3 100.3 95.2 90.2 95.9 100.3 102.7 101.4 100.7 125.5 127.7 132.2 138.8 13L8 129.5 1243 123.9 12tt 3 12ft 6 1241 121.7 106.1 116.2 107.6 108.1 106.9 104.0 116.5 129.7 121.8 123.4 116.6 111.0 103.4 1117 104.5 103.3 103.7 103.6 115.9 123.5 114.6 122.6 117.7 113.2 109.0 117.7 112.7 116.8 111.6 103.0 104.1 115.1 105.6 110.0 102.4 97.3 108.8 112.8 110.9 112.7 112.8 105.6 109.2 112.6 109.7 111.3 111.8 106.2 85.2 99.9 94.6 89.4 94.5 94.9 78.9 86.8 97.3 85.9 82.3 78.4 101.6 107,6 96.8 •102.5 96.1 91.8 1»J 105.6 100.8 99.7 96.0 91.3 sd from d a t a collected b y t h e Federal Reserve Board, supplementing similar d a t a published i n t h e F e b r u a r y , 1924, Survey (No. 30), _ t«xt anawin* 8 ? g e ™ 2* * a t ^ b e r ) , t h u s bringing these d a t a current through J u n e , 1924. I n subsequent n u m b e r s similar d a t a for t h e current moni t e x t , enabling t h e reader to enter t h e late figures for this adjusted indicator of business in t h e spaces provided in this table for the remainder of 1924. 154J 13&3 1348 130.2 122.5 61 MISCELLANEOUS [Base year la bold-faced type) Lumber at retail yards (9th Fed- Postal a eral i reserve receipts, Shipments district) 50 industrial of sales books * cities Sales Stocks Year and month Relative to 1920 Relative Relative to 1922 to 1919 Lumber at retail yards (9th Federal * reserve Postal > receipts, district) 5 0 Industrial cities Sales Stocks Thousands of dollars INDEX NUMBERS 1919 monthly 1920 monthly 1921 monthly 1922 monthly 1923 monthly average average..average average average * Shipments of sales books < Thousands Thousands Thousands of feet b . m. of dollars of books NUMERICAL PATA 2 30,995 16,780 13,838 15,496 14,651 0,850 11,118 8,264 10,083 11,488 100 82 92 87 *106 100 75 62 63 34 33 55 76 86 86 83 82 90 81 70 76 5,712 5,491 9,199 12,786 174,311 174,157 168,295 166,735 100 119 96 118 81 79 78 73 84 90 68 72 62 95 16,842 19,949 16,180 19,807 165,184 160,909 157,3S8 149,123 1,960 2,111 6,697 7,096 6,110 9,375 104 119 89 45 70 65 62 60 91 76 94 119 103 100 95 94 17,451 20,046 15,013 7,579 141,731 131,576 125,715 122,738 2,116 1,771 2,199 2,783 10,177 9,880 9,357 9,250 34 23 49 78 62 65 65 65 97 92 103 96 92 91 99 89 5,625 3,865 8,212 13,033 125,673 130t 959 132,644 132,075 2,265 2,140 2,404 2,236 9,036 9,012 9,775 8,728 106 136 116 138 65 &5 65 64 96 94 93 98 96 109 87 120 17,804 22,765 19,409 23,223 132,888 132,802 132,746 130,363 2,239 2,194 2,161 2,295 9,488 10,775 8,607 11,826 132 140 108 49 63 59 56 54 97 108 103 123 103 116 113 112 22,230 23,424 18,160 8,212 128,044 119,396 113,127 110,215 2,257 2,523 2,414 2,872 10,100 11,419 11,170 11,065 52 33 58 81 59 64 69 71 115 104 119 107 116 108 127 111 8,714 5,509 9,712 13,568 119,256 130,693 139,248 144,776 2,694 2.430 2,784 2,505 May June July August-. 113 132 107 104 70 67 66 64 107 102 101 106 115 115 99 124 19,031 22,208 17,924 17,532 141,407 136,666 134,748 130,819 September October.. November December. 103 116 95 53 61 57 54 52 105 121 112 133 118 128 121 117 17,312 19,507 15,936 8,864 124,335 114,965 110,446 105,268 2,497 2,383 2,350 2,484 2,438 2,826 2,609 3,114 11,475 10,598 12,510 10,960 11,333 11,329 9,703 12,238 40 32 47 68 54 58 61 61 123 117 126 121 114 118 116 107 6,749 5,374 7,945 11,333 110,027 118,343 123,352 124,622 114 105 *92 1OO 111 100 113 84 102 117 * 215,564 203,175 153,155 126,744 127,719 * 2,157 2,333 2,593 1921 January February March. . April . May June July August.. September October. November December ... 1923 January *. February March April . „.,.. May June July August __ ^ _. . September October November December 1933 January..... February March . April - -<• J . 8,876 7,986 6,917 7,442 1924 January February March.. April May June July August „ 2,859 2,728 2,950 2,S18 2,651 11,665 12,634 11,912 11,500 11,258 11,661 11,439 10,574 10,382 I total £?«8 compiled b y the Federal Eeserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing Iumb for 1919' and SftaS688 r e p o r t e d b y 2 1 companies operating 625 yards. Data for 1919 were estimated for a few companies on the basis oi » P I S S I P S H ? 1 3 ' a v e r a ^ e » J une to December, inclusive. B f c S t h 1 ? 7 Ut S- Fost °&c€ -Department. of t h ? ^ ~ | ^ ^ Manufacturers' Association from reports of 11 manufacturers, representing about 90 par cent of the Industry, east 4 62 WORLD PRODUCTION OF COTTON* World total Country New crop available - Peru United States Mexico India Brazil Egypt June August August November September September Thousands of bales (478 pounds net) 1909-1913 average 1914 . . 1915 1916 — - —— 1917 1918 1919 1920 1921 1922 ..... 1923, latest estimates 1 ..... — .. . 20,660 24,630 18,470 18,970 18,370 106 129 113 127 125 13,033 16,135 11,192 11,500 11,302 193 108 95 103 135 3,584 4,354 3,128 3,759 3,393 322 387 282 281 345 1,453 lf337 989 1,048 1,304 ' 18,580 19,925 20,940 15,391 18,900 142 155 164 157 137 12,041 11,421 13,440 7,954 9,762 203 199 188 147 U78 3,328 4,853 3,013 3,748 14,247 339 384 451 505 553 999 1,155 1,251 902 1,170 10,128 138 4,247 18,900 From private sources. 1,213 * 1922 acreage 12,496,000 compared with 11,976,000 in 1921. WORLD PRODUCTION OF WHEAT* Country World total **§£' Australia India United States Spain Italy France January March July August August August 1 New crop available.. .» January Germany Rumania Canada August Millions of bushels Normal consumption (1909-1913) „ .. . 37 801 581 136 238 361 221 34 116 130 116 139 152 143 183 170 171 177 140 318 283 223 205 135 152 146 142 87 49 89 78 197 161 394 263 234 >86 >80 <83 «108 • 72 US (66 «61 «79 <92 189 193 263 301 400 106 102 474 157 105 169 169 80 85 103 25 179 152 351 312 377 323 382 690 891 1,026 636 637 1918 J919 1920 1921 1922. 12,804 12,743 12,868 13,069 »3,096 224 180 217 156 191 115 76 46 146 129 370 280 378 250 367 921 968 833 815 868 136 129 139 145 125 183 170 141 194 „ 162 226 *182 <237 «323 '243 196 259 109 127 369 361 786 693 157 136 225 290 1923, latest estimates 1924, latest estimates * Russia excluded. No accurate statistics are available * Excludes Alsace-Lorraine. 1 Excludes Dobruja. 4 1 mo 182 N e w boundaries. . _ _ . Former k i n g d o m , Bessarabia a n d Bukowina. K • l I J a J a C 0 ? P i l e t d hKU'£ g*f*rt*f*t of AortcuUure, Bureau of Agricultural Economics, a n d corrected m o n t h l y i n accordance w i t h latesti» by that department or by U. 8. Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in Corrected to June 20,1924, j 64 3,577 3,686 4,199 12,609 *2,288 . September . 1909-1913 average 1914 1915 1916 1917 .. „ August 63 WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED* CANE SUGAR Java World total YEAE May United States i Brazil Oct. Oct. Hawaii Nov. FLAXSEED Porto Rico Cuba Dec. Dec. India World total Dec. Thousands of short tons Argentina India United States Canada Jan.* Apr. Aug. Aug. Thousands of bushels 1909*1913 average 1914 191 1916 1917 1918 1519 1920 1921 1922 im 9,9.1 11,293 12,776 13,442 14,508 13,324 13,799 13,656 14.563 14,738 1,514 lf054 1,797 2,009 1,960 1,478 1,473 1,579 1,906 1,993 311 247 139 311 246 284 122 176 328 295 »38 344 486 413 493 440 496 580 551 *667 567 646 593 645 577 600 556 522 592 *537 363 346 484 503 454 406 485 490 408 •379 2,295 .2,967 3,437 3,442 3,957 4,597 4,209 4,408 4,517 * 4,083 2,614 2,757 2,950 3,058 3,708 2,617 3,361 2,826 2,925 »3,409 110,992 94,559 103,287 82,151 41,063 61,821 61,692 87,964 83,288 94,000 31,989 36,928 45,010 39,289 4,032 19,588 30,775 42,038 50,470 44,286 19,870 15,448 15,880 19,040 21,040 20,600 9,400 16,760 10,800 17,440 19,505 13,749 14,030 14,296 9,164 13,369 7,256 10,774 8,029 10,375 12,040 7,175 10,626 8,260 5,935 6,055 5,473 7,993 4,112 5,009 1923 latest estimates 15,564 1,971 172 710 640 407 4,463 3,658 127,000 63,225 21,280 17,429 7,140 1 Louisiana and Texas. * Exports * From private sources. * N e w crop available in January of the year indicated; January, 1924, estimate is 63,225,000 bushels. WORLD PRODUCTION OF BEET SUGAR* World total* YEAB United States Germany Czechoslovakia Russia Foland Netherlands Belglum France Italy Spain Denmark Sweden Thousands of short tons 1909-1913 average 1914... 1915 1916.... 1917... 1918.... 1919.... 1920..... 1921... 1922.... i 1923 latest estimates 1 8,432 8,331 6,056 5,808 5,208 4,592 3,490 4,997 5,443 *5,697 610 722 374 821 765 761 726 1,089 '1,074 •711 2,296 2,721 1,678 1,721 1,726 1,404 808 1,212 1,416 1,605 1,017 1,004 812 805 584 688 559 770 726 '821 1,726 1,879 1,824 1,457 1,134 31S 86 55 61 M245 6,468 927 1,246 1,084 398 Crops in all countries here given are harvested beginning in September. From private sources. 239 293 263 249 106 195 193 1294 246 316 264 286 215 182 263 314 412 304 276 215 120 140 136 78 152 263 315 »293 759 334 150 204 221 121 171 370 *319 515 209 166 166 160 162 120 185 150 234 300 116 112 117 139 154 169 91 104 80 > 176 128 16S 143 124 149 156 149 168 156 94 154 170 140 151 144 141 141 181 259 *79 457 275 326 649 353 187 115 165 279 ' 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. Apr. United States Italy Spain Japan Dutch East Indies» Philippines Aug. Sept. Sept. Nov. Dec. Dec. Millions of pounds (cleaned) Normal consumption (1909-1913). 1909-1913 1914 l['Z 1915 1917 1918. 1919. 1920 1921 1922. 1023 latest estimates.. * Irrigated rice in J a v a a n d M a d u r a . 1 Summer crop only given. 67,891 110,780 116,000 126,000 131,000 134,000 109,000 128,000 113, GOO 129,000 131,000 14,602 375 513 481 657 297 337 320 329 322 283 412 394 356 373 14,009 17,909 17,569 18,360 17.143 17,184 19,106 19,849 17,336 19.067 7,349 7,826 7,964 7,912 8,323 8,433 9,179 7,716 6,943 6,451 1,124 1,404 1,100 1.289 1,745 2,213 2,089 2,247 2,565 2,631 330 .17,425 6,904 2,703 72,950 61,109 73,315 78,521 80,633 54,526 71,743 61,963 74,446 75,524 553 61 551 230 487 692 244 283 472 »55 965 1,072 1,166 1,446 1,045 1,150 646 741 763 70S 716 712 662 614 641 632 63,383 »270 924 709 804 1,135 * Exclusive of China: Chinese crop estimated at 52,788,000.000 pounds in 1920 and 70,218,667,000 in 1917. > 'ed byathOa?5l!?d b y ^ s - ^«Portm«n< of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available information rer rect*d?« "fPftrtment or b y V, S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested 64 SOURCES OF DATA I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN AEGENTINE MINISTER OF AGEICULTURE AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS. BANK OF JAPAN BRITISH BOARD OF TRADE CANADIAN DEPARTMENT OF LABOR . . CANADIAN DEPARTMENT OF TRADE AND COMMERCE. FEDERAL FARM LOAN BOARD FEDERAL RESERVE BANK OF ATLANTAFEDERAL RESERVE BANK OF BOSTON. FEDERAL RESERVE BANK OF CHICAGO. FEDERAL RESERVE BANK OF CLEVELAND. FEDERAL RESERVE BANE OF DALLAS. FEDERAL RESERVE BANK OF KANSAS CITT. FEDERAL RESERVE BANK OF MINNEAPOLIS. FEDERAL RESERVE BANK OF NEW YORK. FEDERAL RESERVE BANK OF PHILADELPHIA. FEDERAL RESERVE BANK OF RICHMOND. FEDERAL RESERVE BANK OF SAN FRANCISCO. Cereal exports from Argentina. Price index for Australia MASSACHUSETTS DEPARTMENT OF LABOR AND INDUSTRIES. 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. Monthly. Second week of month. Federal Reserve Bulletin Price index for Japan Second week of month. British Board of Trade Journal Price index for United Kingdom Labour Gazette (Canadian)... Price index for Canada Monthly. Labour Gazette (Canadian) Employment in Canadian trade-unions Semimonthly. Operations of Canadian employment service- Labour Gazette (Canadian) Semimonthly. Foreign trade of Canada Foreign trade of Canada Operating Revenues, etc., of Railways •___ Monthly. Canadian railroad operations _ Monthly. Press releases * Canadian iron and steel production Not published __ Agricultural loans by land banks Monthly. Business Conditions Wholesale trade Monthly. Monthly Review Savings deposits in First Fed. Res. Dist Monthly. Savings deposits in Seventh Fed. Res. Dist_. Business Conditions Monthly. Business Conditions Agricultural pumps Monthly. Savings deposits in Fourth Fed. Res. Dist___ Business Review Monthly. Business Conditions. Wholesale trade- ... Monthly. Wholesale tradeBusiness Conditions. Business Conditions. Monthly. Fed. Res. Bull, and daily statement * Monthly Review Business and Financial Conditions Business and Financial Conditions Business and Agricultural Conditions Business and Agricultural Conditions Business Conditions Business Conditions Business Conditions Federal Reserve Bulletin Fed. Res. Bull, and weekly press releases *. Fed. Res. Buil. and weekly press releases *. Fed. Res. Bull, and weekly press releases •. Federal Reserve Bulletin Daily and monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly. Monthly (second week of month)* Sunday papers and monthly. Fri. morning papers and monthly. Fri. afternoon papers and monthly. Monthly. Federal Reserve BulletinFederal Reserve BulletinFederal Reserve Bulletin.. Monthly. Monthly. Federal Reserve Bulletin Federal Reserve Bulletin Federal Reserve Bulletin Federal Reserve Bulletin Federal Reserve Bulletin Bulletin de la Satisque Generale. Monthly. Monthly. Monthly. Monthly. Monthly. Employment in Illinois Price index for India Railway revenues and expenses Telephone operating revenue and income Telegraph operations and income Express operations and income Massachusetts employment The Employment Bulletin Federal Reserve Bulletin Preliminary statement Class I roads... Operations of large telephone companies— Not published Not published Monthly statement * Monthly. Second week of month* Monthly. Monthly. Milk receipts at Boston Not published Retail sales of lumber by rural yards Foreign exchange rates and index Savings deposits in Second Fed. Res. Dist Savings deposits in Third Fed. Res. Dist Wholesale trade _ Savings deposits in Fifth Fed. Res. Dist Wholesale trade Savings deposits in Twelfth Fed. Res. Dist Wholesale trade Automobile registrations Foreign exchange index numbers „. FEDERAL RESERVE BOARD Debits to individual accounts ... Condition of Federal reserve banks Condition of reporting member banks Money held outside U. S. Treasury and Federal reserve system to July 1,1922. Wholesale price index numbers Department store trade; in cooperation with National Retail Dry Goods Association. Index numbers of department store, mailorder, and chain-store trade. Barley and rye receipts , Sales of loose leaf tobacco Index of ocean freight rates __, Index numbers of production Wholesale trade FRENCH MINISTRY OF LABOR AND Price index for France SOTIAL WELFARE. ILLINOIS DEPARTMENT OF LABOR INDIAN DEPARTMENT OF STATISTICS.. INTERSTATE COMMERCE COMMISSION Estadistica Agro-Pecuaria., Federal Reserve Bulletin... New York State factory employment and earnings. New York State canal traffic Panama Canal traffic , Unemployment in Pennsylvania.. Beef, pork, and lamb production.. Monthly. Labor Market Bulletin and press releases V Monthly. Yearly. Annual report Last weekly issue of month The Panama Canal RecordJ Semimonthly. Semimonthly report * Monthly supplement. Crops and Markets. Monthly supplement. Prices of farm products to producers. Crops and Markets Monthly supplement. > Wool stocks in dealers' hands Crops and Markets Releases about 1st of moutn (coiww Crop production Crops and Markets and press releases * and 10th (other crops). Monthly supplement ^ Cold-storage holdings and fish frozen Crops and Markets Monthly supplement Movement of cattle, hogs, and sheep I I I " Crops and Markets Weekly. Receipts of butter, cheese, eggs, and poultry. Crops and Markets Quarterly. Production of dairy products Crops and Markets Monthly supplement. Car lot shipments of fruits and vegetables.III Crops and Markets Monthly supplement. Farm labor, wages, supply, etc Crops and Markets World crop production " Foreign crops and markets * Weekly. Livestock on farms Annually. Crops and Markets, U. S. DEPARTMENT OF AGRICULTURE- Total lumber production from 1913 to 1920~" Production of Lumber, Lath, and Shingles- Yearly. FOREST SERVICE. Wood pulp production, 1914 and 1916 Pulp Wood Consumption and Wood-Pulp Yearly. Production. Semimonthly during season. CT. S. DEPARTMENT OF COMMERCE- Cotton ginned Preliminary report on ginnings * BUREAU OF THE CENSUS. Cotton consumed and on hand I Preliminary report on cotton consumed... 15th of month. 20th of month. Active textile machinery Wool machinery and cotton spindles • First week of month. Leather, hides, shoes, production and stocksl Census of hides, skins, and leather * 18th of month. Cottonseed and cottonseed oil Preliminary report on cottonseed * 30th of month. Hoisery statistics Press release * 30th of month. Men's and boys' clothing I™ Press release * *.. 30th of month. Malleable castings Press release * 30th of month. Wheat flour production from May, 1923 Press release * 30th of month. Pyroxylin coated textiles Press release *. *. ... 20th of month. . Quarter. Stokers, sales from January, 1923 Stocks of tobacco held One month after ena d 4»~ Statement on stocks of leaf tobacco... Wool consumption . 30th of month. Press release * Wool stocks Quarterly. Press release * Work clothing " " Press release • 30tb of montn. Cast-iron pipe— I " Press release * 25th of month. * Multigraphed or mimeographed sheets h figures W^^Skr*. fhS SS S y7 t^VSTO ? ^right-hand $$ *$* Pushed In SURVEY, as many, of them are obtained direct from the compilers prior^to tive totmffflS g ^ fT f fcolumn *£• figures P^Hshed In the the tive journals. This andVth the column have been been added to as i h t h d column have added to assist readcera in obtaining current statistics between publication dates u* 65 SOURCES OF DATA—Continued SOURCE CURRENT PUBLICATION DATE OF PUBLICATION I.—REPORTS F R O M G O V E R N M E N T D E P A R T M E N T S , FEDERAL, STATE, AND FOREIGN—Continued U. S. DKPABTMENT OF COMMERCE— . BUBEAU OF THE CENSUS U. S. DEPARTMENT or COMMERCE— BUEEAU OF FISHERIES. U. S. DEPARTMENT OF C O M M E R C E BUREAU OF FOREIGN AND DOMESTIC COMMERCE. U. S. DEPARTMENT OF C O M M E R C E BUREAU OF NAVIGATION. D\ S. DEPARTMENT OF C O M M E R C E BUREAU OF STANDARDS. 0.8. GRAIN CORPORATION U. 8. DEPARTMENT OF THE I N T E R I O R BUREAU OF M I N E S . U. 8. DEPARTMENT OF THE I N T E R I O R GEOLOGICAL SURVEY. Produc. indexes of raw materials and manfrs.. Fats and oils, production, consumption, and stocks. Fabricated struc. steel sales from Apr., 1922.-. Automobile production from July, 1921 Wood chemical operations Steel castings sales Steel furniture shipments Earnings of public utilities Plumbing goods price index Architectural terra cotta Fish catch at principal fishing ports , Survey of Current Business. Statistics of fats and oils *._ All imports and exports Fuel loaded for consumption by vessels at principal clearing ports. Tonnage of vessels, entered and cleared in United States foreign trade. Data on trade, employment and coal and iron production of foreign countries. Wholesale price of wool Warehouse stocks of rice Vessels under construction completed, and lost. Building material price indexes Mon. Sum. Foreign Commerce (Part I) 1 ., Last week of montn Not published Wheat flour production, prior to July, 1920._ Refined petroleum products, production, etc.. Explosives, production, shipments, etc Portland cement, production, etc Coal and coke production Crude petroleum, production, etc Electric power production * Consumption of fuel by public utility plantsFigures on nonferrous metal production D. S. DEPARTMENT OF THE INTERIOR— Patents granted U. 8. PATENT OFFICE. u. 8. DEPARTMENT OF THE I N T E R I O R DIVISION OF NATIONAL PARKS. u. S. DEPARTMENT OF L A B O R — E M PLOYMENT SERVICE. U. 8. DEPARTMENT O F # L A B O R — B U REAU OF IMMIGRATION. u. 8. DEPARTMENT OF L A B O R — B U REAU OF LABOR STATISTICS. tJ. 8. POST OFFICE DEPARTMENT U.S.DEPARTMENT OF STATE u. S. TREASURY DEPARTMENT U. S. TREASURY DEPARTMENT—BtJBBAU OF THE MINT. u . S. TREASURY DEPARTMENT—BUBBAU OF INTERNAL R E V E N U E . RP V A R r>EPARTMENT ~~EN<HNEEE »pABTM ^ 1 0 * SERVICE. K ^ F I N A N C E CORPORATION WISCONSIN INDUSTRIAL COMMISSION Visitors to National Parks.'. Monthly. Quarterly (one month after end of uarter). i of month. 20th or month. 30th of month. 20th of month. 20th of month. Monthly. Monthly. 15th of month. a Press release * , Press release * Press release * Press release * Press release * Survey of Current Business. Survey of Current Business. Press release * Monthly statement Mon. Sum. Foreign Commerce (Part II).. Middle of next month. Various foreign sources , Wholesale Prices Mon. Sum. Foreign Commerce (Part II). Commerce Reports Not published Yearly. Monthly. First weekly issue of month (Mon* days). No longer published L Refinery statistics • Explosive statistics * Report on Portland cement output * Weekly report on production of coal * — Preliminary statistics on petroleum * Production of electric power * Production of electric power * Mineral Resources Not published Second week of month. Monthly. 20th of month. Second or third weekly ssue of mo. 25th of month. End of month. End of month. Annually. Not published. Monthly. Number on pay roll—United States factories.. Industrial Survey * Report of Activities of State and MuniciEmployment agency operations pal Employment Agencies. Not published Immigration and emigration statistics Wholesale prices of commodities, including farm products, food, clothing, metals, etc. Wholesale price index Retail price index of foods .Retail coal prices United States postal savings Postal receipts Passports issued Government debt, receipts and disbursements Money in circulation from July 1,1922 , Domestic receipts of gold at mint Wholesale Prices of Commodities Oleomargarine production Consumption of manufactured tobacco, snuff, cigars, cigarettes, and oleomargarine. Internal Revenue taxes on specified articles, _ Iron ore movement* Sault Ste. Marie Canal traffic Ohio River cargo traffic Barge traffic on Mississippi River Not published Statement of tax-paid products • Classified collections of Internal Revenue, Monthly statistical report Monthly statistical report Agricultural loans Wisconsin factory earnings and employment. Not published in form used -.Bulletin on Wisconsin labor market •-._., Monthly Labor Review Monthly Labor Review Monthly Labor. Review Postal Savings News Bulletin Statement of Postal Receipts * Not published Daily Statement of the U. S. T r e a s u r y Circulation of money Not published First week of month. Every 4 or 5 weeks. Monthly. Monthly. Monthly. 12tn of month. 7th of month. 10th of month. Last day of month. Monthly. First week of month. 25th of month. Monthly during season. Monthly during season. Monthly. Not published 16tb of month. n.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS (Excluding Individual firms reporting data to be combined with other firms or trade associations) Building costs CONSTRUCTION C O P A I R AND CLOTH S Sale of abrasive paper and cloth RS* EXCHANGE. B U B K A U OF , Com ground Into starch, glucose, etc M E T A L STA- Copper, silver, and lead production Zinc production in Belgium.. Zinc stocks in United Kingdom PUBLISHERS' Face brick production, stocks, e t c . . . Stocks of newsprint paper AND STEEL INSTITUTE. Steel Ingot production M INSTITUTE Gasoline and kerosene consumption ASSOCIATION Merchant pig iron production, etc Freight car surplus and shortage Car loadings and bad-order cars Stockholders in the company Walnut lumber and logs R RITING PAPEH COMPANY. ~ lN3TlTtJTE E BUREAU OP Construction trade papers.. Not published Not published Not published .'Not published Not published •Trends in the Face Brick Industry. Monthly report Press release to trade papers • — Special statement Not published ---«—-r* Car Surplusages and Shortages *. Information Bulletin * Financial papers 7th of month. Not published Quarterly. Purchases and sales of paper ___ Not published Press release to trade papers • — - . — Produc. and stocks zinc, retorts operating Statement of anthracite shipments \ . Anthracite shipments and stocks Knit underwear production New life insurance business Premium collections Distribution of assets ' ASSO. Automobile accessory sales Cape Cod Canal traffic * Multlgraphed or mimeographed sheets. r Monthly. Monthly. Weekly. Weekly. Third week of month. 13th of month. 15th of month. Monthly report * Monthly. Not published. Not publishedNot published, Trade Papers.. Monthly. Not published. * Imports and exports of gold and silver in Part II. 66 SOURCES OF DATA—Continued CURRENT PUBLICATION SOURCE DATE OF PUBLICATION .—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued (Excluding Individual firms reporting data to be combined with other firms or trade associations) Daily. Trade papers , Receipts of wool at Boston Fabricated structural steel sales before April, No longer published 1922. Summary of operating statistics. Number of tons carried 1 mile Not published Average receipts per ton-mile Summary of operating statistics. Passengers carried 1 mile ; Not published...Railway employment...' Not published Locomotives in bad order Not published Per cent of earnings on valuation Not published.... Redwood lumber production, etc CALIFORNIA REDWOOD ASSOCIATION.. Not published CALIFORNIA WHITE AND SUGAR PINE Sugar pine lumber production, etc__ ASSOCIATION. Trade papers Wheat, corn and oatst receipts, etc CHICAGO BOARD OF TRADE . Monthly report Restaurant sales CHILDS C0..1 CLEVELAND TRUST CO . . . . Automobile production, monthly, January, Not published currently. 1920, to June, 1921. Le Canal de Suez „ COMPAGNIE UNIVERSELLE DU CANAL Suez Canal traffic BOSTON CHAMBER OF COMMERCEBRIDGE BUILDERS AND STRUCTURAL SOCIETY. BUREAU OF RAILWAY ECONOMICS I MARITIME DE SUEZ. CONTAINER CLUB ........ CREDIT CLEARING HOUSE DAIRYMEN'S LEAGUE COOPERATIVE ASSOCIATION, INC. F. W. DODGE CORP EMPLOYERS' ASSOCIATION OF DETROIT. ENAMELED SANITARY MANUFACTURERS' ASSOCIATION. FEDERATION OF IRON AND STEEL MANUFACTURERS (British). FELT MANUFACTURERS ASSOCIATION.. FINE COTTON GOODS EXCHANGE FIEE EXTINGUISHER EXCHANGE , FOUNDRY EQUIPMENT MANUFACTURERS' ASSOCIATION. HARDWOOD MANFRS. INSTITUTE HAFFARDS, O. M., & Co HYDRAULIC SOCIETY ILLUMINATING GLASSWARE GUILD IOWA-NEBRASKA CANNERS' ASSOCN. JACKSONVILLE CHAMBER OF COMMERCE JONES BROS. TEA CO LAKE SUPERIOR IRON ORE ASSOCN LEATHER BEITING EXCHANGE LIFE INSURANCE SALES RESEARCH BUREAU. MAPLE FLOORING MANFRS. ASSOCN.., MCLEAN BUILDING REPORTS, LTD MERCHANTS' EXCHANGE OF ST. LOUIS. Daily. Monthly. 5th, 15th, and 25th of month Production of paper box board through April, Not published 1923. Credit Credit conditions Milk deliveries to milk plants Not published Statement on Building Statistics Building statistics—Contracts awarded. Weekly press release. Detroit factory employment Not published Enameled sanitary ware Trade papers British iron and steel production.— Roofing felt production, stocks, etc ___ Fine cotton goods production and sales Shipments offireextinguishers.. Foundry equipment production Stocks and unfilled orders hardwood lumber.. Fall River Mill dividends Hydraulic machinery shipments, etc Illuminating glassware production, orders, etc. Unsold stock of sweet corn Turpentine and rosin receipts Sales ___ Consump., stocks, and shipments, iron ore Sales of leather belting Life insurance sales Mapleflooringproduction, etc. Canadian building contracts. Receipts and shipments of lead and zinc , Mississippi River traffic -, MICHIGAN HARDWOOD MANUFACTUR- Hardwood and softwood lumber, production ERS' ASSOCIATION. and shipments. MINNEAPOLIS CHAMBER OF COMLinseed oil and oil-cake shipments , MERCE. NATIONAL ALLIANCE OF CASE GOODS Unfilled orders and shipments of furniture ASSOCIATION. NATIONAL ASSOCIATION OF BRASS MANUFACTURERS. NATIONAL ASSOCIATION OF BUTTON MANUFACTURERS. NATIONAL ASSOCIATION OF CHAIR MANUFACTURERS. NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANFRS. NATIONAL ASSOCIATION OF FARM EQUIPMENT MANUFACTURERS. NATIONAL ASSOCIATION OF FINISHERS OF COTTON FABRICS. NATIONAL ASSOCIATION OF HAT MANUFACTURERS. NATIONAL ASSOCIATION OF PIANO BENCH AND STOOL MANUFACTURERS. NATIONAL ASSOCIATION OF STEEL FURNITURE MANUFACTURERS. NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. NATIONAL ASSOCIATION OF WOOL MANUFACTURERS. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. NATIONAL BOTTLE MANFRS. ASSOCN.__ NATIONAL CONTAINER ASSOCIATION NATIONAL ELECTRICAL CREDIT ASSOCIATION. NAT. INDUS. CONFERENCE BOARD . . | NATIONAL MACHINE TOOL BUILDERS' ASSOCIATION. NATIONAL PAVING BRICK MANUFACTURERS' ASSOCIATION. NATIONAL RETAIL DRY GOODS ASSO... NATIONAL WOOD CHEMICAL ASSO NEW ORLEANS BOARD OF TRADE NEW ORLEANS COTTON EXCHANGE NEWS PRINT SERVICE BUREAU Monthly. Monthly. Not published Trade papers Not published Weekly. Monthly. Second week of month . Monthly. Monthly report Bradstreets Not published Not published Weekly report • Naval Stores Review Financial papers Monthly report* Monthly report (not published).. Monthly release Quarterly. Weekly. Weekly. « Monthly. 18th of month. Not published • Canadian Building Review Receipts and shipments at St. Louis. Not published .. Not published — Monthly statements.. Monthly. 3d of month — Not published in form used Brass faucets, orders and shipments Notpublished Button stocks, activity, etc Weekly report - Weekly. Chair shipments and unfilled orders Not puolished In form used • Notpublished • Business conditions (Chicago Federal Monthly Reserve). Finished cotton goods, billings, orders, ship- Notpublished Production of paper box board through April, 1923. Agricultural p u m p s . . . . ments, and stocks. . ,. . Hat production, etc., and stocks of f u r . . . . . . . . . Not published Production, shipments, and unfilled orders of piano benches and stools. Steel furniture shipments__.__. ._. Not published Sheet-metal production and stocks Not published ... 1913 figures for actiye textile machinery Production and shipments of passenger cars and trucks. Glass bottle production index Production of paper box board since Apru\ 1823 Credit conditions Cost of living Machine-tool orders, etc , Paving-brick production, etc.. Department store trade (see Fed. Res. Bd.) Production of wood alcohol and acetate of lime.' Rice distribution through New Orleans Cotton receipts into sight Canadian newsprint production, etc NEW YORK COFFEE AND SUGAR E X . . . United States newsprint data since June, 1923. NEW YORK METAL EXCHANGE Coffee receipts, stocks, etc NEW YORK TRUST COMPANY Indexes stock and bond prices Stocks ofoftin. NORTH CAROLINA PINE ASSOCIATION.. North Carolina pine, production, etc NORTHERN HEMLOCK AND HARDWOOD Hemlock and hardwood lumber production, MANUFACTURERS' ASSOCIATION. etc. NORTHERN PINE MANFRS. ASSOCN...., Northern pine lumber and lath OAK FLOORING MANFRS. ASSOCN I Oakflooring,production, etc — ' Moltigraphed or mimeographed sheets. L.I • Not published • No longer published • Second week of month. Traffic bulletin* (production figures not published). Not published. Notpublished Not published • Monthly press release.. Not published , 21st of month. Monthly report Federal Reserve Bulletin.... Not published , Monthly report Monthly report Monthly bulletin Monthly bulletin Monthly statement Trade papers The Index.... Not published Not published Not published . Notpublished. Monthly. ass Monthly. 67 SOURCES OF DATA—Continued CURRENT PUBLICATION DATE OF PUBLICATION II.—REPORTS F R O M TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued (Excluding individual firms reporting data to be combined with other firms or trade associations) OHIO FOUNDRYMEN'S ASSOCIATION OPTICAL MANUFACTURERS' ASSOCN PACIFIC CANNED FISH BROKERS' A S SOCIATION. PENNSYLVANIA RAILROAD C O PENSACOLA CHAMBER or COMMERCE. _ PHILADELPHIA MILK EXCHANGE PORTLAND CEMENT ASSOCIATION PREPARED ROOFING MANFBS. ASSOCN. PULLMAN COMPANY REFRACTORIES MANUFACTURERS' A S SOCIATION. RICE MILLERS* ASSOCIATION ROPE PAPER SACK MANFRS. ASSOCN... RUBBER ASSOCIATION OF AMERICA RUBBEB GROWERS' ASSOCIATION SALES BOOK MANUFACTURERS' A S SOCIATION. SAVANNAH BOARD OF TRADE SAVINGS BANKS ASSOCIATION OF STATE OF NEW YORK. SILK ASSOCIATION OF A'MERICA SOUTHERN FURNITURK MANUFACTURERS' ASSOCIATION. SOUTHERN PINE ASSOCIATION BTKL BARREL MANFRS. ASSOCN 8TKL FOUNDERS' SOCIETY BTOKER MANUFACTURERS' ASSOCN SrautruRAL STEEL SOCIETY..-. TANNERS' COUNCIL TUBULAR PLUMBING GOODS A S S O C N . . TWIN CITY MILK PRODUCERS* ASSOCN. U. 8.STEEL CORPORATION Ohio foundry iron production Spectacle frames and mountings, sales, etc Shipments of canned salmon __ Monthly report* (not published).. Not published Not published Stockholders in the company Turpentine and rosin receipts Milk receipts at Philadelphia Cement paving contracts Shipments of prepared roofing Pullman passenger traffic Fire-clay orick production, etc . Silica brick production, etc Rice receipts, stocks, etc Shipments of rope paper sacks Automobile tires, tubes, and raw material Rubber stocks in England,. . Shipment of sales books Financial papers Naval Stores Review Not published Concrete Highway Magazine Not published Not published Not published Not published Monthly report Not published Monthly reports (not published) Bulletin of Rubber Growers Association. Not published Turpentine and rosin receipts Sayings banks deposits in New York State Naval Stores Review Not published Quarterly. Weekly. Monthly. Monthly. Weekly. Monthly press release to trade papers • Not published in form used Not published in form used Yellow pine production and stocks Monthly reports * (not published). Steel barrel shipments, orders, etc Not published Sales of steel castings No longer published Sales of stokers through December, 1922 Sales of fabricated structural steel .^__ Not published Not published Leather production through May, 1922 Semiweekly reports Tubular plumbing sales Not published Milk production, Minnesota Press release •.„ Unfilled o r d e r s . . . . . . . - . . . . . . . . . . Press release • Earnings Financial papers Stockholders Special reports * „ . Wages of common labor UNITED TYPOTHETAE OF AMERICA Typothetae Bulletin Printing activity WALDORF SYSTEM, INC " I l l Restaurant sales Monthly press release • WEST COAST LUMBERMEN'S ASSOCN „ Douglas fir lumber production, etc Not published WEBBINO MANUFACTURERS' E I C H . . Not published Sales of elastic webbing WESTERN PINE MANUFACTURERS' Western pine lumber production, etc Not published Raw silk consumption, etc Furniture shipments and unfilled orders Monthly. 6th of month. ASSOCIATION. DATE OF PUBLICATION SOURCE FH.—REPORTS F R O M TECHNICAL PERIODICALS AMERICAN METAL M A R K E T THE ANNALIST IIIIIIIIIIIII"". T H E BOND BUYER BRADSTREET'S cSSI DE COAL A « A N D H S T A T I S T 1 Q U E GENERALE METALLXISGICA I' ENGINEERING COMMERCULYNb'FrNANCLAL'CHRONlCLE""!": DOW, JONE3 & CO. (WALL STREET JOURNAL)... £TO'S REVIEW ELECTRICAL W KFURT TRADE REYTJEW BEE E C O N O M S * R^&^ EEN M I L L E B ; : ; PAINT, AND DRUG REPORTER • fcuUlgTBphed or mimeographed sheets 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 — Municipal bond yields Visible supply of wheat and corn Bank clearings, United States and Canada Wholesale price index Business failures, Canada Price Index for France Chemical price index Mine price of bituminous coal Cotton (visible supply) and interest rates Mail order and chain store sales • New corporate securities. ... New York bond sales and prices Mexican petroleum shipments._ . Business failures and wholesale price index Sales of electrical energy, central stations Rand gold production and silver prices Construction cost and volume index Canadian bond issues _ Price index for Germany Hay receipts Pig-iron production and furnaces in blast. Composite finished steel price Iron and steel prices Railway freight car orders Price index for United Kingdom Price indices oflumber Southern construction and 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 and new corporations... Fire losses Newspaper advertising Flaxseed, receipts, etc Wheat flour production for 1917 - — Price Indices of drugs, oils, etc Argentine visible supply of flaxseed * Mexican petroleum shipments -Magazine advertising Book production Wheat flour production, from July, 1920 -,—T" Sugar stocks, receipts, meltings, and Cuban statistics-— Price index for Sweden First or second week of month (dally). First weekly issue of month (Mondays). Weekly (Mondays). Weekly (Mondays). First weekly Issue of month (Saturdays). 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). Monthly. Weekly (Wednesdays). Weekly (Thursdays). Weekly (Saturdays). Second or third weekly Issue of month (Saturdays). Last issue of month. First week of month (daily). 20th of month (daily). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays). Second weekly issue of month (Saturdays). First weekly issue of month. Weekly (Thursdays). Monthly. Weekly (Fridays). , . t 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. Weekly. Weekly. ^ x Weekly (Saturdays). First week of month (daily). First week of month (daily). 10th of month (daily). Not published. Weekly (Wednesdays) Weekly (Mondays). Weekly (Mondays). 10th of month (monthly). Second week of month. Third week of month. Weekly compilation (daily). Weekly (Fridays). PUBLICATIONS OF THE DEPARTMENT OF COMMERCE Recent publications of the Department of Commerce having the most direct interest to readers of the SURVEY OP CURRENT A complete list may be obtained by addressing the Division of Publications, Department of Commerce, at Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government Printing Office, Washington, at the prices stated. If no price is mentioned, the publication is distributed free. BUSINESS are listed below. OFFICE OF THE SECRETARY Recommended Minimum Requirements for Plumbing in Dwellings in Similar Buildings.—This final report of the subcommittee on plumbing, of the building code committee, is a part of the Elimination of Waste Series. It covers 260 pages and includes 11 tables and 100 figures by way of illustration. The report is divided into four parts as follows: Part I, Introduction; Part II, Recommended Plumbing Code for Dwellings and Similar Buildings; Part III, Experimental Investigation, Standardization, Administration, and Comments; Part IV, Appendices. Price, 35 cents. Simplified Practice Recommendations: Range Boilers and Expansion Tanks, Recommendation No. 8; Lumber, supplementary recommendations adopted April 22, 1924. Price, 5 cents each. BUREAU OF THE CENSUS The Integration of Industrial Operation, by Willard L. Thorp. Census Monograph III; 272 pages, 72 tables, 188 charts. A statistical and descriptive analysis of the development and growth of industrial establishments operated from central offices. Price, $1. Cotton Production and Distribution, Season of 1922-23.— Covers production of cotton from the crop of 1922, and the consumption, imports, exports and stocks of cotton and number of cotton spindles for the year ended June 31, 1923, and for cottonseed received, crushed, and on hand, and for cottonseed products manufactured, shipped, and on hand for the same period. 103 pages, 47 tables, 9 diagrams, 12 maps. Price, 15 cents. Lumber, Lath, and Shingles.—This bulletin was compiled in cooperation with the Forest Service of the Department of Agriculture. Deals with lumber cut by groups of States, sawmills classified according to production, production of lumber by States and by kinds of wood. 32 pages, 44 tables, 2 diagrams. Price, 5 cents. BUREAU OF FOREIGN AND DOMESTIC COMMERCE Commerce Reports.—A weekly survey of foreign trade. Cable summaries of world conditions and articles on situation in various commodities in foreign countries. Quarto. 72 pages. Price, 10 cents per copy; $3 per year ($5 for foreign). Monthly Summary of Foreign Commerce of the United States.—Parts 1 and 2. Gives total values by countries and by customs districts, movements of gold and silver in foreign trade, merchandise remaining in warehouse, and trade with noncontiguous territories of the United States. Price, 10 cents, including both parts; $1 per year. Index to Commerce Reports, Nos. 1-13, January, February, and March, 1924. Price, 5 cents. Trade and Economic Reviews, 1923.—These are based on annual reports of trade and industries submitted by American consular officers. The following have been issued since the June announcements: No. 5, Czechoslovakia; No. 6, Canada; No. 7, Switzerland. German Dyestuffs Industry, by Thomas W. Delahanty, assistant chief, Chemical Division. Miscellaneous Series No. 126; 63 pages of text, graphs, and tabular material setting forth the history of the German Dye Cartel, the production of dyes in 1922 and the first eight months of 1923, and the distribution of German dye production. Price, 10 cents. Import Duties on Wheat, Wheat Flour, Meat, and Meat Products, by Frank W. Fetter, Special Agent, and Henry Chalmers, chief, Foreign Tariffs Division. Trade Information Bulletin No. 233; 37 pages. This bulletin is part No. 5 of the survey of world trade in agricultural products, under direction of Frank M. Surface. This section presents a detailed analysis of the course of official policy in the principal foreign markets toward the importation of American agricultural products. British Dyestuffs Industry, by Frederick E. Breithut, American trade commissionei. Trade Information Bulletin No. 231; 30 pages. This report is one of a series on the dyestuffs industries of European countries. Italian Dyestuffs Industry, by Frederick E. Breithut, American trade commissioner. Trade information Bulletin No. 234; 11 pages. The growth of the Italian dye industry after being cut off from the German sources of supply in 1915 forms the basis of this study. European Economic Conditions Which Affect the Markets for Agricultural Products, by H. B. Smith, special representative. Trade Information Bulletin No. 235; 62 pages. This report comprises part No. 6 of the survey of world trade in agricultural products. Selling American Hosiery Abroad, prepared in the Textile Division from reports by representatives of the Department of State and the Department of Commerce. Trade Information Bulletin No. 236; 19 pages. American hosiery has only in recent years found its way into foreign markets and in certain countries has been able to compete successfully with the products of other countries. Italy's Foreign Trade in Iron and Steel and Nonferrous Metals in 1923, by A. A. Osborne, American trade commissioner, Rome. Trade Information Bulletin No. 237; 6 pages. Because of Italy's lack of coal, that country's efforts to build up a flourishing iron and steel industry is of special interest to those concerned with the Italian market for iron and steel. Statistics are given covering the Italian trade in metals during 1922 and 1923. Italian Hydroelectric Industry, by Leon Dominian, American consul at Rome. Trade Information Bulletin, No. 238; 17 pages. Italy is increasingly relying upon its waterpower resources to make up for the country's lack of coal. BUREAU OF FISHERIES Oyster Culture Problems of Connecticut, by J. S. Gutsell, scientific assistant. Documents No. 960; 10 pages. Price, 5 cents. Experiments in the Artificial Propagation of Oysters, by Herbert F. Prytherch, scientific assistant. Document No. 961; 14 pages. Price, 5 cents. BUREAU OF STANDARDS Pulp and Paper Fiber Composition Standards, by Muriel F. Merritt, laboratory assistant. Technologic Paper No. 250; 4J pages of text and 9 pages of colored plates illustrating a variety of fibers and methods of treatment with various stains for use in the identification and estimation of fiber composition with paper. Price, 15 cents. United States Government Specifications: No. 80, Standards Circular 157, Coal-Tar Pitch for Roofing; No. 85, Standards Circular No. 160, Asphalt for Waterproofing and Damp Proofing. These specifications have been officially adopted by the Federal Specifications Board for use in purchasing materials for Government use. Price, 5 cents. BUREAU OF NAVIGATION Radio Service Bulletin, June 2, 1924, No. 86.—This monthly publication contains a list of new stations, changes in preceding lists, information concerning radio regulations, current publications, and other matters. Price, 5 cents a copy; annual subscription price, 25 cents. NOTE.—All orders for radio publications listed by the Bureau of Navigation, and inquiries concerning these publications, should be addressed to the Superintendent of Documents, Government Printing Office, Washington, D. C. Do not make remittances to the Bureau of Navigation or to radio inspectors. UNITED STATES COAST AND GEODETIC SURVEY Effect of Variations in the Assumed Figure of the Earth on the Mapping of a Large Area, by Walter D. Lambert, Mathematician. The report contains 35 pages, with formulas, tables, and diagrams. Price, 5 cents. LIGHTHOUSE SERVICE Buoy Lists. Second District, Coast of Massachusetts (corrected to May 10): Second District, Delaware Bay and Harbor, including Philadelphia Harbor (corrected to April 15); Fifth District, Cape Henlopen to Cape Lookout, including Chesapeake Bay and North Carolina Sounds (corrected to April 1). DEPARTMENT OF COMMERCE HERBERT HOOVER, Secretary of Commerce BUREAU OF THE CENSUS WILLIAM M. STEUART, Director Chief functions The taking of the decennial census covering population, agriculture, manufactures, mines and quarries, and forest products. Decennial report on wealth, public debt, and taxation, including principal financial statistics on Federal, State, county, city, and township governments. Annual financial statistics of State and municipal governments—Sources of revenue, objects of payments, debt, tax levies. Decennial statistics relating to inmates of institutions, including paupers, insane, prisoners, and juvenile delinquents. A quadrennial census of agriculture, a biennial census of manufactures, a quinquennial census of electrical public utilities, and statistics of marriage and divorce. Annual statistics of births, deaths, causes of death, etc., in the registration area of the United States. Quarterly statistics of leaf tobacco stocks and of production, stocks, and consumption of fats and oils. Monthly or semimonthly statistics of cotton ginning; cotton stocks and consumption; the production, stocks, and consumption of hides and leather; the production of shoes; and statistics of active textile machinery and of movements in an increasing number of other industries. The compilation and publication, in the "Survey of Current Business," of monthly commercial and industrial statistics. BUREAU OF FOREIGN AND DOMESTIC COMMERCE Chief functions The propagation of useful food fishes, including lobsters; oysters, and other shellfish, and their distribution to suitable waters. Investigations of fish culture, fish diseases, and for the conservation of fishery resources and the development of commercial fisheries. The study of the methods of thefisheriesandfisheryindustries and the utilization offisheryproducts. The collection of statistics of fisheries. The administration of the Alaska salmonfisheries,the fur-seal herd on the Pribilof Islands, and the law for the protection of sponges off the coast of Florida. BUREAU OF LIGHTHOUSES R. PUTNAM, Commissioner GEORGE Chief functions The establishment and maintenance of lighthouses, lightships, buoys, and other aids to navigation on the sea and the lake coast and on the rivers of the United States, including Alaska, Hawaiian Islands, and Porto Rico. The publication of Light Lists, Buoy Lists, and Notices to Mariners, including information regarding ail aids to navigation maintained by the Lighthouse Service. JULIUS KLEIN, Director COAST AND GEODETIC SURVEY Chief functions E. LESTER JONES, Director The compilation of timely information concerning world market conditions and openings for American products in foreign countries secured through commercial attache's and trade commissioners of the Department of Commerce and the foreign service of the Department of State. The distribution of such information to American business through weekly "Commerce reports," special bulletins, confidential circulars, the news and trade press, correspondence, and personal contact. The maintenance of commodity, technical, and geographical divisions to afford special service to American export industries. The compilation and distribution of names of possible buyers and agents for American products in all parts of the world and publication of weekly lists of specific sales opportunities abroad. The maintenance of district and cooperative offices in 33 cities in the United States to expedite delivery of market information to business men and to keep the department advised as to the urgent requirements of American trades and industries. The publication of official statistics on imports and exports. The study of the processes of domestic trade and commerce, with a view to their improvement and the dissemination of information obtained for the benefit of the public, as well as of those directly concerned. BUREAU OF STANDARDS GEORGE K. BURGESS, Director Chief functions Custody of standards of measurement, quality, performance, or practice adopted or recognized by the Government. Development and construction of such standards when necessary. Testing and calibration of apparatus and comparison of standards used by scientific or other institutions with those in the custody of the bureau. Determination of physical constants and properties of materials. The testing of materials and establishment of standards and processes in cooperation with commercialfirmsor organizations. Industrial researches covering structural, engineering, and miscellaneous materials, radio, radium, mechanical appliances, sugar technology, leather, paper, rubber, and textiles; clay products, glass, and refractories, metals and metallurgy, and similar groups of subjects. The collection and dissemination of information showing approved methods in building, planning, and construction, including building materials and codes and such other matters as may encourage, improve, and cheapen construction and housing. Studies on simplified commercial practices and establishment of such practices through cooperative business organizations. The Bureau publishes six series of scientific and technical publications, reporting the results of its researches and giving technical data fundamental to industry. The Director has supervision of the preparation of technical specifications through the Federal Specifications Board. BUREAU OF FISHERIES Commissioner HENRY O'MALLEY, Chief functions The survey of the coasts of the United States and the publication of charts needed for the navigation of the adjacent waters, including Alaska, the Philippine Islands, Hawaii, Porto Rico, the Virgin Islands, and the Canal Zone. A comprehensive geodetic system, extending into the interior, connects and coordinates the surveys of the coasts, and is designed to furnish accurately determined points and elevations in all parts of the country. These are available as a basis for Federal, State, and municipal surveys, and engineering projects of every kind. The magnetic declination has been determined at a large number of stations throughout the country, and the results are available for the use of surveyors and engineers. The technical operations include base measures, triangulation, traverse, precise leveling, the determination of latitude and azimuth, the determination of difference of longitude by telegraph or radio, magnetic observations and researches, the preparation of magnetic maps, the determination of the force of gravity, topography, hydrography, deep-sea soundings, water temperatures, tidal and current observations. The results are published in the form of charts on various scales, annual reports, coast pilots, tide tables (published annually in advance), current tables, digests of geodetic publications, and special publications. BUREAU OF NAVIGATION D. B. CARSON, Commissioner Chief functions General superintendence of commercial marine and merchant seamen. Supervision of registering, enrolling, licensing, numbering, etc., of vessels under the United States flag, and the annual publication of a list of such vessels. The enforcement of the navigation and steamboat inspection laws and the laws governing radio co lmunication, as well as duties connected with fees, fines, tonnage taxes, refunds, etc., originating under such laws. STEAMBOAT INSPECTION SERVICE Supervising Inspector General GEORGE UHLER, Chief functions t The inspection of vessels, the examination and licensing of the officers of vessels, and the administration of laws relating to such vessels and their officers. The certification of able seamen who form the crews of merchant vessels. The inspection of vessels, including the types of boilers; the testing of all materials subject to tensile strain in marine boilers; the inspection of hulls and of life-saving equipment. The investigation of violations of the steamboat-inspection laws.