Full text of Survey of Current Business : March 1922
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MONTHLY SUPPLEMENT TO COMMERCE REPORTS UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS MARCH, 1922 (See Introduction) No. 7 COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF STANDARDS Subscription price of the SURVEY OF CURRENT BUSINESS is $1 a year; single copies, 10 cents. Foreign subscriptions, #1.50; single copies, including postage, 20 cents. Subscription price of CCMN"F.KCE REPORTS is $3 a year; with the Survey, $4 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. CONTENTS. Business indicators Wholesale price comparisons Summary for January (text) Trend of business movements (table) New data: Life insurance—new business Corporation stockholders Enameled sanitary ware 3 4 6 19 36 37 38 New data—Continued. Prices and employment Foreign coal production Foreign iron and steel production Employment in foreign countries Fats and oils Miscellaneous Metals and lumber Sources of data + .- 40 42 44 46 48 52 54 55 INTRODUCTION. Date of issue.—Beginning with this issue of the the date appearing on the cover will refer to the date of issue and not to the date of the statistics contained therein. This change is made as the result of numerous suggestions reaching the department. The present issue is dated March, 1922, and contains statistics of industrial and commercial movements which took place in the month of January or up to February 1, 1922. No number will be issued bearing a date line of February, 1922. Advance Sheets.—In order to facilitate the earlier distribution of the SURVEY, the department has SURVEY arranged to distribute mimeographed advance sheets twice a month. One set will be issued immediately after the 20th of the month giving the data on such items as have been received up to that time. Another set of sheets will be mailed at the end of the month giving the figures which have been received between the 20th and the end of the month. These sheets will be mailed free of charge to all subscribers to the SURVEY who request them. Such requests should be addressed to the Bureau of the Census, Department of Commerce, Washington, D. C. (2) BUSINESS INDICATORS. The following table gives comparative index numbers for a selected list of important business movements. It is believed that this table will prove useful, because it separates out from the large mass of material a comparatively small number of items which are often regarded as indicative of business in general. The table has been divided into two parts, the first containing those items for which index numbers can be calculated using 1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of index numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the absolute value of the two sets of data. In either group, however, the upward or downward trend of the index numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. 1921 MONTHLY AVERAGE. COMMODITY. 1919 1920 1921 Jan. 1922 Feb. Mar. Apr. May. June. July. Aug. Sept. Oct. Nov. Dec. Jan. 1913 monthly average - 1 0 0 . Production: Pig iron Steel ingots Copper Anthracite coal Bituminous coal Crude petroleum Wool (consumption) Cotton (consumption) Beef Pork Stocks: Crude petroleum Cotton (mills and warehouses) Prices: Wholesale index, all commodities (Dept. Labor) Retail food (Dept. Labor) Retail coal, bituminous (Dept. Labor) Farm crops (Dept. Agriculture)1 Farm live stock (Dept. Agriculture) Business finances: Defaulted liabilities Price 25 industrial stocks Price 25 railroad stocks Banking: Bank clearings, Nfcw York City Bank clearings, outside New York City Commercial paper interest rate Distribution: Imports (value) E xports (value) Sales, mail-order houses 154 142 108 131 120 118 135 99 97 116 181 124 117 121 111 54 66 39 95 85 189 135 93 109 116 94 104 84 97 101 185 74 76 113 154 62 74 75 | 87 101 97 77 76 171 198 93 118 82 91 88 109 138 110 47 57 50 101 71 193 132 85 101 108 48 60 24 101 83 203 141 91 101 116 42 47 19 108 85 195 145 96 104 128 34 38 17 92 76 195 132 85 101 110 37 54 21 94 87 198 145 97 118 94 38 55 21 93 88 177 155 101 119 87 48 76 24 99 110 172 168 103 125 55 77 22 90 90 183 163 109 114 118 64 67 18 78 77 203 159 106 99 133 64 75 25 82 94 209 153 109 105 164 109 155 151 196 119 223 126 220 134 212 138 205 147 194 153 178 159 156 160 145 163 172 164 206 168 223 175 223 186 203 212 186 147 236 198 243 203 207 244 168 155 153 111 107 177 172 218 123 120 167 158 210 120 117 162 156 205 113 123 154 152 195 104 112 151 145 191 109 109 148 144 191 106 104 148 148 193 109 109 152 155 193 109 113 152 153 193 111 101 150 153 192 98 98 149 149 152 150 190 189 98 98 91 92 148 142 182 100 95 42 182 75 108 184 68 230 137 64 229 146 66 149 65 297 143 170 147 251 148 65 152 131 61 188 127 64 189 121 64 163 128 65 234 130 64 235 135 66 385 140 66 325 143 65 249 228 94 257 258 127 205 199 113 236 221 135 184 178 134 212 211 132 197 181 131 201 188 120 214 196 117 195 188 111 185 189 103 199 196 102 203 209 97 213 201 90 234 212 89 219 189 85 218 319 264 295 331 140 181 264 188 140 316 195 144 235 178 187 252 170 164 209 137 159 165 124 163 164 119 157 137 130 177 164 120 157 194. 126 166 229 141 142 218 159 143 194 145 135 181 100 111 105 76 82 j I j | i 1919 monthly average — 1OO. Production: 100 Lumber * 100 Building contracts (floor space) Stocks: 100 Beef 100 Pork .• Business finances: 100 Bond prices (40 issues) Banking: Debits to individual accounts, outsidt 100 New York City 100 Federal Reserve, bills discounted i 100 Federal Reserve, total reserves 1 Transportation: 100 Freight, ton-miles I 77 85 68 94 76 92 90 97 87 82 76 80 65 57 106 51 104 46 108 40 110 36 100 27 85 25 61 27 45 33 43 35 50 87 86 86 84 85 86 88 87 90 ! 93 102 106 127 106 84 124 108 90 88 95 118 I 1 0 7 97 111 I 114 117 89 92 120 85 85 123 85 77 127 89 72 131 95 68 134 90 75 77 85 86 92 93 111 86 70 55 33 66 36 81 58 74 70 97 43 84 59 65 59 81 60 105 86 87 87 118 132 97 91 91 122 113 1 92 77 100 72 81 85 85 66 137 100 61 137 44 140 78 i Monthly prices are for the first of the month following. * Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hardwoods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000 board feet reported by the census. DIAGRAM 1.—COMPARISON OF WHOLESALE PRICES AT PRESENT WITH 1920 AND PREWAR (Average prices in 1913=100.) 30Q | FARM PRODUCTS WHEAT CORN POTATOES COTTON COTTON SEED WOOL CATTLE. BEEF MOOS LAMBS WHEAT. SPRING WHEAT. WINTER CORN. NO 2 OATS BARLEY RYE. NO 2 TOBACCO. BURLEY COTTON. MIDDLING WOOL. OHIO. UNWASHED CATTLE. STEERS HOG8. HEAVY SHEEP. EWES 8HEEP. LAMBS FLOUR. SPRING FLOUR. WINTER 8UGAR. RAW SUGAR. GRANULATED COTTONSEED OIL COTTON YARN COTTON PRINT CLOTH COTTON 8HEETING WOR8TED YARN WOMEN'S DRESS GOODS 8UITING8 SILK. RAW HIDES. PACKERS' HIDES. CALFSKIN8 LEATHER. SOLE LEATHER. CHROME BOOTS AND SHOES COAL. BITUMINOUS COAL. ANTHRACITE COKE PETROLEUM PIG IRON. FOUNDRY PIG IRON. BESSEMER STEEL BILLETS COPPER LEAD TIN ZINC LUMBER. PINE. SOUTHERN LUMBER. DOUGLAS FIR BRICK. COMMON. NEW YORK BRICK. COMMON, CHICAGO CEMENT STEEL BEAMS RUBBER. CRUDE INDEX NUMBERS 400 600 WHOLESALE PRICE COMPARISONS. MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS. NOTE.—Prices to the producer on farm products are from U. S. Department of Agriculture, Bureau of Markets and Crop Estimates. All other prices arc irom U. 8. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to the producer or at the mill. See diagram on opposite page. COMMODITIES. Date and maximum relative price. Per cent inNovem- Decem- January, crease (+) or ber ber, 1922, (-T) 1921, 1921, relative decrease in Jan. over relative relative price. Dec. price. price. (1913 average -100.) Farm products—Average price to producer: Wheat Corn Potatoes.... Cotton Cottonseed. Wool Cattle, beef.. Hogs Lambs • •• -• • Farm products—Market price: Wheat, No. 1, northern, spring (Chicago) Wheat, No. 2, red, winter (Chicago) Corn, contract grades, No. 2, cash (Chicago) Oats, contract grades, cash (Chicago) B arley, fair to good, malting (Chicago) Rye, No. 2, cash (Chicago) Tobacco, burley, good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool, Ohio, i and f grades, unwashed (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) Clothing: Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) Cotton, print cloth, 27 inohes, 64 x 60-7.60 yards to pound (Boston) Cotton, sheeting, brown, 4/4 Ware Shoals L.L. (New York) Worsted yarns: 2/32's crossbred stock, white, in skein (Philadelphia) Women's dress goods, storm serge, all-whole, double warp, 50 inches (N. Y.) Suitings, wool, dyed blue, 55-56 inches, 16-ounce, Middlesex (Boston) Silk, raw Japanese, Kansai No. 1 (New York) Hides, green salted, packer's, heavy native steers (Chicago) Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather, sole, hemlock, middle, No. 1 (Boston) Leather, chrome calf, dull or bright, "B " grades (Boston) Boots and shoes, men's black calf, blucher (Massachusetts) Fuels: Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati) Coal, anthracite, chestnut (New York tidewater) Coke, Connellsville (range of prompt and future) furnace—at ovens Petroleum, crude, Kansas-Oklahoma—at wells Metals: Pig iron, foundry No. 2, northern (Pittsburgh) Pig iron, bessemer (Pittsburgh) Steel billets, bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Lead, pig, desilverized, for early delivery (New York) Tin, pig, for early delivery (New York) Zinc, slab, western, early delivery (New York) Building materials: Lumber, pine, southern, yellowflooring1 x 4, " B " and better (Hattiesburg district).. Lumber, Douglasfir,No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington) Brick, common red, domestic building (New York) Brick, common building, salmon, run of kiln (Chicago) Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district) Steel beams, mill (Pittsburgh) Rubber, crude: Rubber, Para island,fine(New York) June, 1920 + + + - 3.4 5.7 6.0 5.1 300 706 312 321 344 183 256 239 + 1.5 + 6.9 + 3.8 + 5.7 +11.1 354 302 331 296 325 451 352 331 304 218 266 319 263 + 2.9 + 17 0.0 + 3.1 + 5.7 - 5.9 0.0 - 2.1 +10.2 - 1.0 +14.8 +38.3 +15.6 328 363 598 526 374 + + + Jan., 1920 Aug., 1919 Aug., 1919 Mar., 1917 Nov., 1919 Mar., 1920 348 478 427 289 292 291 466 283 490 211 473 308 - 3.9 0.0 - 8.0 + 2.5 0.0 0.0 -11.0 0.0 - 1.4 0.0 - 7.0 0.0 Sept., 1920 Oct., 1921 Aug., 1920 Mar., 1920 201 637 375 - 2.3 0.0 0.0 0.0 July, 1920 June, 1920 July, 1920 May, 1920 July, 1918 May, 1919 July, 1919 Apr., 1920 May, 1920 May, 1920 Sept., 1917 June, Mar., Mar., Mar., Apr., Jan., 1920 1918 1918 1919 1920 1918 Mar., 1919 July, 1919 Apr., 1918 Feb., 1920 May, 1920 May, 1917 May, 1920 May, 1920 July, 1919 May, 1920 Apr., 1920 May, 1920 Jan., 1920 Oct., 1918 July, 1920 2.0 0.7 1.9 4.3 2.6 July, July, July, Mar., June, May, June, 1917 1917 1917 1917 1917 1918 1915 346 335 388 230 261 224 - 2.9 - 1.6 - 3.5 0.0 0.0 - 2.7 - 3.3 Feb., JaD., Feb., Oct., Sept., June, 1920 1920 1920 1920 1920 1917 455 407 381 251 195 331 - 3.7 0.0 + 5.0 - 6.1 0.0 0.0 Jan., 1913 124 - 7.7 SUMMARY FOR JANUARY. Slow but steady improvement in business conditions is indicated by the January figures. Production has in general increased, stocks have been reduced and prices have become more stabilized. Although the general price level continued to decline, farm prices have advanced, thus putting increased purchasing power in the hands of the producers, whose small earnings last year depressed business prospects in the agricultural sections. Increased business from the rural districts is already seen in the reports of mail-order houses and other distributers. Increased employment and a decline in immigration evidence a more healthy condition for labor and the transportation statistics indicate improved conditions for the railroads. DIAGRAM 2.—COMPARISON OF PRESENT PRODUCTION WITH PREWAR. (Average monthly production In 1913-100.) INDEX NUMMftS WHEAT FLOUR BEEF PRODUCT? PORK PRODUCTS OLEOMARGARINE WOOL (CONSUMPTION) COTTON (CONSUMPTION) PRODUCTION. ANTHRACITE COAL Production during January, in general, showed an increase over December. Out of 43 commodities for which January figures are now available there were 25 increases, 15 decreases, and 3 unchanged. Three of the largest relative decreases—cottonseed oil, face brick, and cement—were largely seasonal. BITUMINOUS COAL BEEHIVE COKE BY-PRODUCT COKE CRUDE PETROLEUM COMPARISON OF PRESENT PRODUCTION WITH PREWAR. RELATIVE PRODUCTION (1913=-100). ! |Maxi- Mini- 1920 , mum mum averDec, Jan., Dec., ! in | in age. i 1920. 1921. 1921. age. ,i j 1920.!1921. STEEL INGOTS Jan., 1922. QZZZZ2MAXIMUM 1920 MINIMUM 1921 Z 2 Z Z 2 DECEMBER 192 FOODSTUFFS: • • • 1 JANUARY 1922 1 j Wheat flour • Beef products Pork products Oleomargarine 2 116 I 143 1S2 84 i 82 121 109 111 ; 116 253 i 152 179 123 118 117 135 93 109 132 95 85 17 15; 189 I 54 66 39 62 83 113 154 191 60 61 74 76 159 106 1S8 101 41 215 183 78 77 17 176 203 18 180 209 I 106 j 110 ! ! "*9S" 94 104 S4 90 64 67 18 76 64 75 25 82 80 73 ; 105 90 1 231 I 287 i 327 '• 217 48 6S 90 87 ! 73 301 73 73 i 231 i 68 70 286 92 97 [ 95 107 ; 289 122 132 138 29 184 424 212 419 j ' ! 308 I • 1920 AVERAGE 84 . 86 99 133 164 *"i42 81 108 137 201 CLOTHING MATERIALS: Wool (consumption) Cotton (consumption) 153 ' 109 FUELS: Anthracite coal Bituminous coal Beehive coke By-product coke Crude petroleum 191 171 97 116 62 242 1S1 132 155 34 38 17 50 | 119 I 135 I 99 , i 138 ' 109 132 54 MKTALS: Pig iron Steel ingots Copper Zinc 107 TOBACCO: Cigars Cigarettes Manufactured tobacco BV1LPING MATERIALS 119 349 114 AND i I 82 94 , CIGARETTES MANUFACTURED . TOBACCO\ OAK FLOORING EQUIPMENT: Cement Oak flooring Bat'is. enamel 1. a »atories, enamel Sinks, enamel 229 157 132 146 TR ANSPORTATION VEHICLES: Locomotives Automobiles, passengers.. Motor trucks 1 Relative to 1914. 98 109 , 161 i 129 108 113 ; 9 65 276 408 51 1,371 107 ! 1S6 104 122 j 124 I 36! 333 617 94 71 120 j 113 I i 93 ! 53 64 ; 56 98 77 BATHS. ENAMEL 2 AS represented by tax-paid withdrawals. LAVATORIES ENAMEL SINKS. ENAMEL ! As regards groups of industries, two out of four foodstuffs increased, as did one of three textiles, four • (6) LOCOMOTIVES AUTOMOBILES. PASSENGER Metals continued considerably below the prewar out of six fuels (with one unchanged), three out of four metals, four out of six kinds of lumber (one re- | average, as did cigars, manufactured tobacco, locomaining unchanged), one out of four paper com- ! motives, and beehive coke, with coal and wheat flour modities (with one unchanged), two out of three | only slightly below 1913. On the other hand, autotobacco products, and two out of five sand and clay mobiles, clothing materials and building materials products. Building equipment increased but build- were considerably higher than the 1913 average proings declined. Under transportation vehicles loco- duction. By-product coke, oleomargarine, cement, motive production declined, but the output of auto- and petroleum were also in this category. mobiles and trucks increased over December. DIAGRAM 3 . — C O U R S E OF PRODUCTION SINCE 1919. In most cases the January production was the (Average monthly production in 1919=100.) highest since last October, and in a number of cases, INDEX NUMBERS 200 mostly metals, much higher than in any recent I FOODSTUFFS I month, with petroleum making a new high record. In WHEAT FLOUR BEEF PRODUCTS 26 commodities the January production surpassed PORK PRODUCTS the 1921 average, in two it remained the same, and in SUGAR (MELTINQ8) 15 it was less. OLEOMARGARINE COURSE OP PRODUCTION SINCE COTTONSEED OIL CONDEN8ED MILK 1919. COTTON (CONSUMPTION) i ! WOOMCON8UMPT10N) RELATIVE PRODUCTION (1919=100). SOLE LEATHER ANTHRACITE COAL {Maxi-Mini-j i 1921' j Dec,, Jan., Dec.,Jan., ^ - 1 9 2 0 . 1921. 1921.1922. j 1919. BITUMINOUS COAL BEEHIVE COKE BY-PRODUCT COKE I 1919. ! CRUDE PETROLEUM GA8OLINE FOODSTUFFS: 134 i 109 i Wheat flour Beef products Pork products Sugar (meltings) Oleomargarine Cottonseed oil Condensed milk CLOTHING: . Cotton (consumption) Wool (consumption) Sole leather FUELS: Anthracite coal Bituminous coal Beehive coke By-product coke Crude petroleum Gasoline Electric power METALS: Pig iron Steel ingots Copper..,* Zinc TOBACCO: Cigars Cigarettes Manufactured tobacco LUMBER: Yellow pine Western pine North Carolina pine-... Douglas fir California redwood Michigan hardwood Oak flooring PAPER: Newsprint All other paper Mechanical wood p u l p . . . . Chemical wood pulp 114 126 95 57 42 63 109 83 82 57 42 72 71 52 63 99 112 93 102 108 88 113 137 127 63 74 11 62 104 101 121 110 122 117 123 113 29 79 125 130 105 113 138 96 101 105 72 109 121 140 109 82 81 32 89 133 133 117 85 99 31 91 138 132 140 83 126 34 j 119 34 I 121 17 94 105 54 59 37 47 65 60 17 58 64 67 24 62 128 116 119 75 138 141 119 83 97 92 62 165 "i24* 141 115 106 99 90 92 76 111 78 ""90 67 58 202 154 ELECTRIC POWER P|G IRON STEEL INGOTS COPPER ZINC ii7 CIGARS CIGARETTES MANUFACTURED TOBACCO YELLOW PfNE WESTERN PINE NORTH CAROLINA PINE DOUGLA8 FIR CALIFORNIA REDWOOD MICHIGAN HARDWOOD OAK FLOORING 74 95 93 80 68 112 84 94 96 !* 86 96 64 91 50 79 88 77 79 68 71 75 84 97 111 119 126 118 144 111 191 94 119 98 102 122 86 106 99 67 88 79 69 "43* 67 86 "60* 62 123 62 77 22 33 44 57 62 42 102 33 126 93 104 34 124 93 43 173 60 191 FACE BRICK 114 132 143 138 110 121 109 117 109 80 121 97 108 74 117 83 94 100 101 94 92 100 90 98 GLASS BOTTLES 130 131 121 157 124 97 106 j 40 123 65 122 100 100 59 125 I 122 104 j "iO6" 77 105 39 61 100 34 67 85 98 86 47 59 56 61 83 183 169 170 113 149 i 120 82 112 i 127 125 110 122 111 30 72 70 65 102 75 33 112* 99 105 76 140 138 135 65 99 60 51 32 40 13 59 35 34 15 64 50 BUILDING EQUIPMENT: Baths, enamel Lavatories, enamel Sinks, enamel Buildings (contracted for). 88 86 128 40 78 263 24 151 147 126 349 121 STONE, CLAY, AND SAND PRODUCTS: Silica brick Clay fire brick FacebriQk Cement Glass bottles 87 82 114 51 82 270 21 67! 91 67 92 58 93 40 104 26 103 7 100 20 76 TRANSPORTATION VEHICLES: Automobiles, passenger... U21 152 Motortrucks 135 Locomotives 79 Ships 132 13 13 89 86 87 79 114 102 67 1 127 50 NEW8PRINT ALL OTHER PAPER MECHANICAL WOOD PULP CHEMICAL WOOD PULP SILICA BRICK FIRE-CLAY BRICK CEMENT BATHS. ENAMEL LAVATORIES. ENAMEL SINKS. ENAMEL BUILDING8 (CONTRACTED) AUTOMOBILES. PAS8ENGER MOTOR TRUCK8 L0C0M0TIVE8 SHIPS WISSSC7XMAXIMUM SINCE' END OF 1919 BBSS) LATEST MONTH DEC. IBS I OR JAN. 1922 SINCE ENDOFIOIQ 1 PRODUCTION OF LATEST MONTH SAME AS MAXIMUM SINCE 1919 2 PRODUCTION OF LATE8T MONTH 8AME AS MINIMUM SINCE 1919 i Since July 1, 1921. 3 MAXIMUM AND MINIMUM SINCE JULY 1.1921 8 I with a yearly average, 11 commodities showed larger Declines occurred in the stocks of goods on hand in | stocks at the end of January than the 1919 average, most commodities during January. There were only while for 4 commodities the stocks were slightly 11 increases as against 17 decreases from the previous smaller. The greatest increases were in oak flooring, month. In the foodstuffs, whose movement is largely crude petroleum, zinc, and face brick—from 73 to 90 seasonal, there were 3 increases and 9 decreases. All per cent increases. Stocks of commodities that can be compared with four paper commodities increased, while in the other 1913 showed large increases over the prewar average, commodities there were 4 increases and 8 decreases. Compared with a year ago, January stocks showed except for two commodities—coffee and tin—which increases in only 9 cases, 18 declines and 1 without are not produced in the United States. change. In the food group there were 4 increases as DIAGRAM 4 . — C O U R S E OF COMMODITY STOCKS S I N C E 1919. against 8 decreases, while in the other commodities (Average monthly stocks in 1919=100.) only 5 increases were reported (2 of these in enamel INDEX NUMBERS ware) as against 10 decreases. 400 600 STOCKS. STOCKS OF COMMODITIES COMPARED WITH PREWAR. BEEF PRODUCTS PORK PRODUCTS LAMB AND MUTTON RELATIVE STOCKS (1913 = 100). SUGAR(RAW) COTTONSEED OIL 1920 average, Wheat (visible).... Corn (visible) Coffee Cotton (total) Crude petroleum... Zinc..: Tin Oak flooring Cement 1 Tobacco 1 1921 average. 127 71 89 155 109 99 1S3 25S SO 114 Dec., 1920. 134 255 S9 196 150 195 127 375 91 131 Dec., 1921. Jan., 1921. I j ! ! I | 1S3 63 144 190 87 223 118 187 13S 444 i 92 ! ! S6 • 222 117 175 155 425 SO 117 Jan., 1922. WHEAT (VISIBLE) CORN (VISIBLE) BUTTER 264 323 S5 223 175 16t 92 242 106 127 235 362 73 203 186 i 162 ! 72 | 305 i 11" CHEESE EGGS COFFEE APPLES COTTON (TOTAL) WOOL (COMMERCIAL) CRUDE PETROLEUM GASOLINE Relative to stocks at end of 1913. ZINC STOCKS OF COMMODITIES SINCE TIN 1919. YELLOW PINE OAK FLOORING RELATIVE STOCKS U919= 100), SILICA BRICK FACE BRICK Maxi-Mini- 1 Q 9 n 1 Q 0 1 m u r n m u m **fr i ™~* Dec., ., Jan., a , Dec.,., Jan., a, since nce since *™T" a \ ~ T " 1920 1922 1920. 1921 1921. 1921 1921. 1922. 1919. 1919. a g e > CEMENT BATH8(ENAMEL) LAVATORIE8 (ENAMEL) 8INK8 NEWSPRINT FOODSTUFFS: Beef products Pork products Lamb and mutton Sugar(raw) Cottonseed oil W h e a t (visible) Corn (visible) Butter Cheese Eggs Coffee Apples 124 129 928 276 ' 321 : 184 1,024 174 156 ' 186 • 177 391 25 38 31 44 23 2S 108 12 35 1 ; lOi 12 70 97 183 110 127 89 174 89 99 82 146 227 43 84 324 157 158 93 622 81 79 101 145 164 59 65 810 104 261 128 153 : 88 88 : 10 i 139 368 i 59 81 928 110 278 100 464 62' 65 , 1 «S ' 294 [ 35 51 77 65 167 184 787 73 72 22 139 313 33 59 47 90 164 164 882 53 55 4 119 24S 61 83 95 88 119 135 96 136 . 136 124 178 W 1 1 0 4 143 169 ^ 1 35" • 1J1' 112 9S 113 121 167 124 178 247 528 72 130 108 332 212 232 190 281 203 251 178 167 175 131 143 277 115 181 240 301 95 106 102 59! 81 | 107 i 102! 29 ! 21 ' 34 127 161 103 140 170 50 31 53 129 i 234 107, 153 193 179 78 89 •' 141 265' 81 i 163 170 i 138 32 i 50 < 139 277 89 173 196 214 49 64 120 151 93 181 227 126 80 106 114 190 87 173 250 127 73 103 CLOTHING MATERIALS: Cotton (total) Wool (commerciaJ) CONSTRUCTION MATERIAL: Yellow pine Oak flooring Silicabrick Face brick Cement' Baths (enamel) Lavatories (enamel) Sinks (enamel) • PAPER: Newsprint 175 All other paper 122 Mechanical wood p u l p . . . . 143 Chemical wood pulp i 138 Tobacco, total 132 i 71 97 65 > 74 5 5 ! 78 6 4 ! 63 92 102 1 125 103 i 135 100 112 88 101 107 108 84 95 80 99 80 ; 100 ; 87 117 ;i 105: 113 ; i ; . 111 111 81 94 i Relative to stocks at end of 1919. Leaving out of consideration the foodstuffs, whose seasonal movement throws out the comparability CHEMICAL WOOD PULP TOBACCO (TOTAL) | MAXIMUM SINCE 1910 WXXSSSa LATEST MONTH DEC. 1921 OR JAN. 1922 YFFm M I N I M U M SINCE 1919 * MAXIMUM SINCE 1919 SAME AS LATEST MONTH PRICES. METALS: Zinc Tin PAPER I 136 106 FUELS: Crude petroleum Gasoline ALL OTHER MECHANICAL WOOD PULP The prices received by farmers for crops and live stock increased in January from their previous low level. The crop price index reached the 1913 level. The wholesale price index of the Department of Labor dropped one point in January and showed a greater tendency toward stabilization. House furnishings, which stood at more than double the 1913 level, declined four points, while the only increase occurred in farm products, which showed the smallest gain over 1913. The Federal Reserve Board's grouping of this index shows that this increase was largely in animal products, and on this account the raw material index rose slightly. The Federal Reserve Board's index for irteraational price comparisons showed no change, but both imported goods and exported goods declined. Dun's index for February 1 showed no change, but Bradstreet's index increased slightly. The retail price of food declined over 5 per cent in January. The quarterly figures of the Department of Labor on the cost of living showed a decline of three points from September to December. Clothing and furniture made the chief declines, while housing costs alone increased. The National Industrial Conference Board's index for January showed a decline of three points, due to the drop in food prices. Slight declines also occurred in fuel and light and sundries, while shelter and clothing remained unchanged. Wholesale prices in Canada, Japan, France, and England continued to fall, while the inflation of the currency again caused a rise in Germany. Taking the individual prices shown in the table and chart on pages 4 and 5, the prices to the farmer increased for all commodities in January except cotton. The wholesale market price increased on eight commodities; declined on three—rye, cotton, and cattle; while two remained unchanged. Food prices showed three increases and two decreases. Prices of clothing materials showed only one increase—worsted yarns—compared with five decreases and six stationary products. There was no change in fuel prices, except a slight decline in bituminous coal. Metal prices all declined except copper and lead, which were unchanged. The building material group showed two declines to one increase and three stationary products, while rubber continued to decline. The greatest increases occurred in the farm and wholesale prices of sheep, wool, and hogs, while the greatest decrease occurred in silk. figuresjjare not available, December sales also showed increases over a year ago except for leather belting, newspaper advertising, and printing, the latter decline being due to declining prices rather than decreased activity. In this connection it may be pointed out that some of the items, marked by an asterisk (*), are relatives based on values instead of quantities and are therefore generally dependent on fluctuations in the purchasing power of the dollar, i. e., the level of prices, as well as the fluctuations of sales of physical goods. Therefore, a decline during the past year does not necessarily represent a decline in the physical amount of sales. A rough corrected figure, eliminating the price variation, might be obtained by dividing each item in such series by the wholesale or retail price index number, whichever most nearly corresponds with the class of business done. In a few items expressed in values no correction is necessary for comparison, because there has been little or no change in the price for the goods or services—for instance, postal and telephone receipts. Bond sales on the New York Stock Exchange are really not based on value, because sales of bonds are not reported in their value at the time of sale but on their par value; therefore, bond sales represent physical quantities. On the other hand, new issues of municipal bonds, unless for refunding purposes, reflect the price level, as the work for which they are issued requires a larger bond issue when prices are high. COMPARISON OP SALES IN DIFFERENT LINES OF BUSINESS. RELATIVE SALES (1919=100). SALES. In contrast to the current physical movement of commodities shown in the preceding tables on production and prices, the following table, showing relative sales or orders, gives a forecast of the future production of those industries. The separate commodities covered in this table are few and in most cases relatively unimportant, as the sales can only be reported where trade associations supply the data; but the figures may be found to be of some interest. In addition to the orders of separate commodities booked by manufacturers (included in the first two groups in the table), the distributive movement of goods as a whole is shown through various channels, and the sales of investment or speculative securities. The figures shown in the table indicate increased sales in all lines and classes reported in January, 1922, as compared with January, 1921, except in sales by mail-order houses, and of stocks, life insurance, municipal bonds and magazine advertising; the mail order decrease is apparently due to decline in prices rather than a decline in business. Where January 91396—22 2 Maxi-; Minimum ; mum 1920 1921 since since aver- aver- Dec., Jan., Dec., Jan., end end age. 1920. 1921. 1921. 1922. of of 1919. 1919. METAL PRODUCTS: Structural steel Bolts • Nuts and rivets Baths, enamel Lavatories, enamel Sinks, enamel WOOD, FIBER, AND LEATHER PRODUCTS: Oak flooring California redwood Leather belting Abrasive paper and cloth. Elastic webbing Paper Printing* DISTRIBUTION MOVEMENT: Wholesalers* .* Mail-order houses * Chain stores* Department stores * Grocery stores * Postage receipts * Telephone receipts * Magazine advertising Newspaper advertising 178 164 155 115 130 110 101 100 100 53 73 65 74 84 109 96 234 142 129 148 129 147 168 23 21 35 40 25 71 106 54 77 98 111 87 127 148 107 136 242 186 149 145 154 144 129 62 50 82 86 106 95 114 58 85 102 118 118 137 113 123 122 114 113 147 78 103 110 178 359 122 35 67 63 87 72 105 118 120 55 94 179 102 44 21 44 40 50 79 144 111 26 44 43 32 95 147 72 98 217 186 127 136 136 112 116 62 72 86 103 115 109 149 77 101 90 82 242 91 178 133 61 95 134 68 132 359 122 119 **42 65 81 89 121 87 71 124 111 119 145 154 75 112 90 66 95 114 "*59 SECUBITIES: Stocks.. Bonds Municipal bonds (new) Life insurance * * Items based on value. Relative proportion of orders to total transactions. 1 91 10 DIAGRAM 5.—CONSUMPTION- BY MILLS, AND IMPORTS OF WOOL. 1 ,!!!!!! ! MM MM 1- 1 ItIS 1914 1916 1916 1917 I9IS 1919 1930 MONTHLY AVERAGE Knit goods orders received in January were double the December orders, and shipments were one-third DIAGRAM f>.—EXPORTS AND CONSUMPTION OF COTTON. 1111!! ! -1- 1 1 ! 1 { •OJJ i ' [ ; I i TOO 3* c TO i > \ / / u \\ li M ; • I \ I | I ; 11 : V V M ; ! :// LPTIOI li : M i J r li ,f 1 t I ! 1 ' 'Si \) 1 1920 I ! i i j j ii i !!!ij 1813 19 14 1916 1916 1917 1918 1919 1920 1921 MONTHLY AVERAGE 1 i 1 : • ; ! jy i • M i i ' 1 i 100 1 'N I i \i ' : \\ i M \ i M\ i ! 300 i i i% ! 1921 is 191 JAN. Woolen mill operations, as shown by reports of active machinery, were, slightly less in January than in December, except in carpets and rugs. Consumption of wool declined 3^ per cent but was twice as large as a year ago. Receipts of domestic wool at Boston were less than in December, but foreign wool receipts were very heavy, making the total 40 per cent larger than for December. Imports of wool were the largest since April, 1921. A further stabilization in prices was noted in January. Considerable increases occurred in the raw wool quotations, a small increase took place in worsted yarn, while dress goods and suitings remained unchanged. The consumption of cotton in textile mills increased in January to the level attained last November which was the highest since June, 1920. Stocks of cotton declined, in contrast to an increase during January, 1921. The world visible supply of American cotton also declined more heavily in January, 1922, than in January, 1921. Marked declines occurred in both imports and exports of raw cotton. The number of active cotton spindles was slightly less than in December, but spindle activity was considerably greater and the activity per spindle in place rose to 215 hours, the highest recorded since the beginning of these reports last August. Exports of cotton cloth continued to decline, part of which was probably due to a change in the unit of measure from linear yards to square yards. Fabric consumption by tire manufacturers increased 21 per cent over December and was the largest since last August. The market and producers1 prices of raw cotton declined slightly in January. Declines also took place in prices of yarns and sheeting, but print cloths remained unchanged. greater. Production of knit goods increased slightly as did the unfilled orders at the end of the month. Withdrawals of raw silk from warehouses increased considerably in January, equalling the high level of lastJune. Stocks of raw silk also increased to the highest point since January, 1921, although imports declined one-third from December. Imports of burlap declined in January while unmanufactured fibers were imported in even less volume as compared with December. OCT. NOV. TEXTILES. METALS. Pig-iron production decreased slightly in January, but a considerable increase was shown in the output of steel ingots. Unfilled orders of the United States Steel Corporation declined slightly. The total on the corporation's books at the end of January was 4,242,000 tons. Prices of iron and steel were lowered slightly in January, except for steel beams? which showed no change. Sales of structural steel increased very slightly in January with a total of 72,100 tons. Production of sheets and steel barrels fell off markedly in December and slight declines occurred in the stocks of sheets and shipments of barrels. Production and stocks of sheets increased in January. Foundry production of iron increased over December but was less than in November. Production of copper increased almost 40 per cent in January but was still only one-fourth of the 1913 monthly average. Exports fell off slightly and prices remained unchanged. Zinc production continued its increase through January, making the highest mark since January, 1921. Stocks declined to the lowest point since November, 1920, and imports were negligible. Receipts and shipments at St. Louis declined during January and the wholesale price was reduced. 11 Receipts and shipments of lead at St. Louis increased considerably in January, but there was no change in price. Stocks of tin declined and the price of tin was slightly less than in December. Imports increased over December and were far ahead of January, 1921. The Geological Survey has made the following preliminary estimate of the coal production of the world for the past three years, in metric tons of 2,204.6 pounds each. The figures vary slightly from the monthly averages given in the detailed tables elsewhere in this issue. DIAGRAM 7.—PRODUCTION OF PIG IRON AND STEEL INGOTS, AND U. S. STEEL CORPORATION'S UNFILLED ORDERS. 1919 1920 1921 II \ / V • * 1 ILLION8 OF TON8 \ \ \ \ 1 1 \ \ Australia Belgium British India Canada China Czechoslovakia France Germany—Coal Lignite Japan Union of South Africa United Kingdom United States Other countries \ * \ 1\ t f \ j \ j \ 1 \ V 9 > V *is« / \ 4 8 \* /' 3 2 1914 19 15 1918 1917 1918 MONTHLY 1111 K S3 (1is UI I! i ="iif °i 1918 1920 1821 • ! AVERAGE 1,305,000,000 : 1,100,000,000 i 0) Estimate included in total. Includes Saar and Upper Silesia. 3 Estimated from 11 months' production. DEC 1913 I 1,170,400,000 ! I i ' 13,176,426 ; 22,388,770 ! 1 2 > 1 15,088,175 j 13,300,000 19,500,000 : 31,086,479 ; 25,300,000 ! 29,000,000 2 140,757,433 i 2 145,400,000 111,634,000 i 120,000,000 29,245,384 i C1) 11,181,846 i 39,400,000 233,216,071 166,992,000 586,000,000 ! 448,600,000 49,068,527 j ! Totals C1) 21,807,160 10,736,321 18,312,950 22,991,217 12,411,328 23,000,000 26,946,813 22,341,000 2116,500,000 93,800,000 31,461,386 9,313,232 233,467> 478 502,534,410 46,553,865 1990 DIAGRAM 9.—PRODUCTION OP, ANTHRACITE COAL. 192 FUELS. Production of both anthracite and bituminous coal rallied in January from the December slump and bituminous operations were also larger than in November. Coke production made little change. Anthracite stocks on December 31 were six times as large as a year ago. January exports of both bituminous and anthracite declined while coke exports increased. Electric power production'remained the same as in December. > \ ——— 1 \s A 1 1 1hl\ 1/11 V i/l 1 i III A \ A v I 1 r DIAGRAM 8.—PRODUCTION OF BITUMINOUS COAL. 1 11 A A* ? 2 \ Iu r V \ / \ m~ \ / \ mrw > \ \ 1 1 1 I A /\ J \\\ U f\ 1 l\ * \ V / \ 5 0 AVERAGE • i\'V* <a 1920 if! APR. MAY S JUNE 2 JULY AUQ. 8EPT. OCT. MONTHLY DEC. ?943 1914 1916 1916 1917 1918 1919 1920 192^ OCT. 5 * dlz 913 1014 1916 1916 I9IT 1018 1919 1920 192] MONTHLY AVERAGE Petroleum production made a new high record in January and stocks increased. Consumption declined and imports were very slightly less than in December. Exports of gasoline in January were the largest since last April. December production of gasoline increased slightly but consumption declined to the lowest amount since January, 1921—a seasonal condition. Stocks consequently showed a large increase. No change was noted in the price of crude petroleum in January. 12 DIAGRAM 10.—PRODUCTION, CONSUMPTION, IMPORTS, AND STOCKS OP PETROLEUM. in 7* * 7 T » / 7 \ /_ s ta. „<*£ |0Q MIU L - '' ^ODUCTioN - 4 »- 1 1 —• : ^ p p ^ e B " 19 l « 19 3 19 4 1916 1916 10 7 1918 19 MONTHLY AVERAGE " "uftilitf sit 1920 1921 J PAPER ANDJPRINTING. Production and consumption of mechanical wood pulp declined in January and stocks increased slightly. Chemical wood pulp showed increases in production, consumption, and stocks. Imports of both classes of pulp declined. Production and shipments of newsprint and other paper declined very slightly in January. Stocks increased slightly and exports showed large gains. Newsprint contract prices declined heavily but spot prices advanced slightly. Printing activity continued to increase in December, making another good gain. Paper purchases by printers were in about the same volume as in November but their value somewhat greater. Sales of printing increased in December. January imports of rubber declined somewhat but were twice as large as a year ago. The price of rubber declined 8£ per cent. During January the consumption of rubber by tire manufacturers increased 17 per cent, and was the largest since August and three times as large as a year ago. Rubber tire production in January increased considerably except in regard to solid tires. Domestic shipments of all kinds decreased, however, and stocks rose after the December reduction. DIAGRAM 11.—STOCKS OP CATTLE HIDES (PACKER) AND PRODUCTION AND STOCKS OF LEATHER (SOLE AND BELTING). 400 1 \— r rz \ 350 1 300 <O 260 Q V-r ± JL JL Zf I 1 \V z D > J 1/ B Y 4- fe 200 8N0H RUBBER. HIDES AND LEATHER. In spite of a considerable increase in imports of cattle hides, total imports of hides and skins showed a negligible increase in January on account of the decline in other varieties. Stocks of almost all kinds of green salted hides decreased during December, as did sheep skins, but dry salted hides increased. Calfskin prices were slightly reduced but cattle hides remained unchanged. Production of leather declined in January. The December census figures showed declines in sole and belting production but an increase in upper leather. Stocks showed little change. Exports in January declined about 25 per cent from December. A slight reduction took place in the price of chrome calf leather, but hemlock sole remained the same. Sales of leather belting declined in December and were also considerably below those of a year ago. Exports of boots and shoes declined in January, after the December spurt, to their previous level, about one-fourth of the corresponding month last year. No changes occurred in shoe prices. -4- \ .so \ roc Iloo 60 _sc II F- LEATHER —h- 1 PRODUCTIO^ H -t~ - 1 - - + - - t -- T i i i i i i i 0 -£> ( ] >. iI ! 3 !i ! tj i 1? ;i I i5 i i • 1 r> I9SK > l! w 192 1 - l 5 C » > 2 C u ii AUTOMOBILES. CHEMICALS. Production of passenger cars increased 15 per cent and trucks 11 per cent in January. December shipments declined. Purchases of motor accessories were over twice as large as a year ago, while accounts past due were half as great; and notes outstanding decreased 22 per cent. Imports of potash increased slightly in January while nitrate of soda imports, which had declined to a low level in December, showed a partial recovery. Exports of dyes and dyestuffs increased by two-thirds in January and sulphuric acid and fertilizer had smaller gains. 13 The price index of crude drugs increased, but essential oils, pharmaceuticals and chemicals declined. GLASS. Glass production, both bottles and illuminating ware, declined in January. Orders for illuminating ware increased while shipments declined. BUILDING CONSTRUCTION. January building contracts awarded in the 27 Northeastern States amounted to $166,320,000. This is a decrease of 16 per cent compared with December, 1921, but on the other hand the total has been exceeded only once in the month of January. That was in January, 1920, when the combination of business expansion and high prices brought the amount to $226,116,000. In January, 1921, building contracts awarded amounted to only $111,608,000. Business and industrial buildings increased in January, both in floor space and value, compared with December. All other classes of building showed a slight seasonal decline. Residential building declined from 21,901,000 square feet of floor space to 18,083,000 square feet, but this is a larger amount of residential buildings than has been recorded for any previous January. The favorable development of building operations is of more than ordinary importance because it carries with it the inevitable demand for material, supplies, house furnishings, etc. for January. Stocks of all classes of ware were reduced except baths, which increased very slightly. Sales of abrasive paper and cloth, both domestic and foreign, decreased considerably in December. The year's sales for 1921 were 38 per cent below 1920 for domestic trade and 63 per cent below for foreign trade. DIAGRAM 12.—VOLUME OP BUILDING CONTRACTS AWARDED, BY CLASSES. MILLIONS OF SQUARE FEET 1919 MONTHLY AVERAGE 1920 MONTHLY AVERAGE JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER BUILDING MATERIALS. Production of all kinds of lumber increased slightly in January, except for a decline in North Carolina pine and a heavy increase in the Michigan cut, which is mostly maple. Shipments also increased except for North Carolina pine and Michigan woods. Stocks of Southern pine were larger and the price declined, while no change took place in the price of Douglas fir. The output of oak-flooring continued to increase in January, but shipments declined. Stocks were consequently considerably higher. Orders and balance of unfilled orders increased slightly. Exports of lumber were almost as high in January as the high mark for December. Production of clay fire brick declined considerably, but shipments increased and consequently stocks declined. Silica brick, on the other hand showed a good increase in production, a smaller increase in shipments, but a decline in stocks. Heavy declines took place in production and shipments of face brick, while stocks and unfilled orders declined slightly. Common brick prices were again variable. The price of cement remained the same. Greatly increased business both in orders and in shipments was reported for enamel sanitary ware DECEMBER CEREALS. The usual seasonal declines occurred during January in the visible supply and in receipts and shipments of wheat. The visible supply was almost twice as large as a year ago, but receipts and shipments were 40 per cent smaller than in the same month last year. The production of wheat flour increased and continued in advance of last year's figure. Exports of wheat and flour were almost as large as in December. Slight advances took place in the prices of wheat and flour. Receipts, shipments, and visible supply of corn all increased during January; shipments and the visible supply were almost twice as large as in January, 1921, while receipts were about one-third greater. Exports of corn made a new high record, almost equal to the total exports in 12 months of 1920. A slight rise occurred in the price of corn. Exports of oats, barley and rye decreased in January. Prices of oats and barley advanced, while rye declined. Total grain exports increased 26- per cent over December and car loadings of grain products were 20 per cent greater than in December, 14 DIAGRAM 14»—INSPECTED SLAUGHTER, CONSUMPTION, AND COLD-STORAGE HOLDINGS OP PORK 1 -70 A-! inn ft inn 1 t i 1 iT! T > w^ \ |_ \f\ y* £ N \ > 200 100 * >> — — -—- —— V \ A* \i .' ^/ ./ Alt' — \ 195 * if "^ V - --* 120 1913 1914 1916 1916 1917 1918 1919 19 MONTHLY AVERAGE y r V zoi %u WWW 1920 pec. \ I \ I / A* / \|\i \ ' \ \ \ /I 1 It *\\ 1 /1 / 1J rv ill/ LV en- I / J FEB. 5 \ EXPORTS, PRODUCTS. li ill OCT. \ 1 / j/ OCT. Receipts of cattle increased in January, following the same trend as a year ago. Shipments were slightly smaller and slaughter increased. The production of beef and veal declined in December and was also less than a year ago. Consumption, however, was greater than in December, 1920, although less than in November, 1921. Exports and cold storage holdings of beef products both declined slightly in January. Prices of cattle and carcass beef declined, but steer rounds increased. Receipts of hogs increased in January, but little change occurred in shipments. Slaughter increased. Inspected production of pork increased, in December, but was slightly less than a year ago. Consumption of pork declined slightly. Exports and cold storage holdings both increased considerably in January. The price of hogs rose 15 per cent in January and pork almost as much. Sheep receipts increased in January, but there was little change in shipments. Both receipts and shipments exceeded January, 1921. Slaughter also increased in January but was less than a year ago. Coldstorage holdings declined 39 per cent. Large increases occurred in the prices of lambs. The total value on January 1, 1922, of these animals was $4,779,957,000, as compared with $8,165,194,000 two years ago, a decrease of 41.5 per cent. I MEATS. 1921 OTHER FOODSTUFFS. DIAGRAM 13.—INSPECTED SLAUGHTER, CONSUMPTION, AND COLD- Exports of condensed milk declined in January. Market receipts of dairy products underwent seasonal changes about the same as a year ago, with butter and 1 11 1 eggs higher than a year ago, but cheese lower: Storage \ y \ holdings of all three products made a seasonal decline \ :i i 1 i i in January; butter and cheese holdings were smaller ? s / 4$ V than last year, but egg holdings were slightly larger. T /<? J\ M 1A \ \ |\'A iV A I Butter prices declined 16 per cent in January, but W \ cheese rose slightly. \ Vegetable oil imports increased over 50 per cent in January, while exports were slightly less than in December. Stocks of cotton seed were greatly \ 4. \ reduced. The production and stocks of cottonseed / oil declined also, while the price- rose slightly. Com\ plete figures for the 1921 crush of vegetable oils \ X ~> shows increased production of both crude and refined 1 oils, while consumption and stocks of crude oil declined IE but refined oil stocks and consumption increased. 1913 1914 1916 1916 (917 1918 1919 1920 1921^ MONTHLY AVERAGE Imports of raw sugar in January were almost double the December imports and three times as large as a The Department of Agriculture has announced the year ago. Meltings increased slightly and stocks were following estimates of live stock on farms, the earlier built up, but remained below the figures of January, 1921, in spite of the greater imports. Exports of years being revised on the basis of census returns: refined sugar were twice as large as either the previous month or January, 1921. Wholesale and retail prices Jan. 1,1920. Jan. 1,1921. Jan. 1,1922. of sugar, both raw and refined, declined during 19,766,000 19,208,000 Horses 19,099.000 January. 5,427,000 5,455,000 Mules 5 436,000 23,722,000 23,594,000 Milk cows.... 24,028,000 Imports of coffee declined but were somewhat larger 43,398,000 41,993,000 Other cattle.. 41,324,000 39,025,000 37,452,000 Sheep 36,048,000 than in January, 1921. The world visible supply 59,344,000 56,097,000 56,996,000 Swine declined slightly, and United States stocks were much STORAGE HOLDINGS OP BEEP PRODUCTS. A «\/|8LA UQf TEF V 1 *aoo \ \ ; 15 smaller than the month before. Receipts in Brazil declined but clearances increased. Imports of tea were twice as large as a year ago. DIAGRAM 15.—IMPORTS. MELTINGS, AND STOCKS OF RAW SUGAR. 600 1 \i I 1- fit 1/ lii IH I»\ \ II. 12. J __ t \ A to \ -OIL — 360 - ! ^ r \ 300 f 1 __ t 260 il L •A JLl 200 1919 1920 192!zo° MONTHLY ' \\ AVERAGE —tt___tr_ 1 \v * CIGARETTES, (Average monthly production in 1913=100.) / j \ * A \ ! \ /f 2S0 f\ f \J ^ w I / __^a .- t_f' \ n JSIS 1914 1915 I9I« 1017. 1911 I9IS 1920 19 MONTHLY AVERAGE «' 4 J l\I Q ? \ i. iiii (Ii\ 19 !*! f Y [\ [j I9H IS J A" / 5- V I | s ^ / ! c Of 11 1 DIAGRAM 1 6 . — R E L A T I V E PRODUCTION OF CIGARS, AND MANUFACTURED TOBACC©. A /A 6 _„ Production of cigarettes and manufactured tobacco increased in January, but the output of cigars was less. Exports of unmanufactured tobacco declined. Stocks of tobacco on -January 1 increased slightly over the previous quarter and were higher than a year ago. There was no change in tobacco prices. \ / • TOBACCO. / a. 7 Z — MAY S JUNE — JULY i DIAGRAM 17.—ENTRANCES AND CLEARANCES OF VESSELS IN U. S. FOREIGN TRADE, AND SHIPS UNDER CONSTRUCTION. rf_ ... .y. MAY §~ JUNE JULY AUQ. SEPT. OCT. NOV. j 1 50 1 1/ Jr i f y/pJ/ 1 \ 1 rff; H V :::tr: ~i 100 w JAN. FEB. MAR. 160 \i 1 8EPT. OCT. NOV. DEC. 1922 JAN. ' / l L I 1913 1914 1916 1916 1917 1918 1919 1920 1921 MONTH LY AVERAGE III t \i\ isIS i ii 0 7 '0 V 1 l«8 JAN 400 The cargo carried through the Panama Canal in December totaled 953,000 tons compared to 855,000 in November, but the total for the year 1921 was 1J per cent smaller than in 1920. Traffic carried in British vessels surpassed that carried in American vessels for December, and for the year 1921 it increased almost 4 per cent over 1920, while American vessels carried 17 per cent less than in 1920. Entrances and clearances of vessels in United States foreign trade each decreased about 20 per cent from December to January. The number of vessels under construction continued to decline in January, but there was an increase in the number of vessels completed. FEB. MAR. APR. MAY « JUNE 2 JULY AUO.' SEPT. OCT. NOV. 460 WATER TRANSPORTATION. RAILROAD TRANSPORTATION. A distinct improvement was noted in January's freight car situation. Surplus cars were reduced 30 per cent from December and were about the same as a year ago, coal car surplus being considerably larger and box car surplus much smaller. Shortage of cars increased, due to much larger box-car requirements that could not be filled. The number of bad order cars increased, however. Car loadings increased 1\ per cent over December and were larger than a year ago by the same proportion. Freight ton-mileage for December declined and for the year 1921 was 23 per cent less than for 1920. Freight revenue for December continued to decline with the decline in traffic, but passenger revenue increased. Total operating revenues declined, and operating expenses were also reduced, but to a slightly less extent, thus bringing net operating income below the 1913 monthly average, 16 DIAGRAM 18.—SHORTAGE. SURPLUS, BAD-ORDER, AND TOTAL LOADINGS OP FREIGHT CARS. 1,000 s 960 S ? 1 900 860 \ T ~t / ',- \ 800 T : --( X / ^ 750 DISTRIBUTION MOVEMENT. .. s < The sales of mail-order houses declined almost 20 per cent in January, due largely to the reaction from the holiday trade; their actual sales were smaller than a year ago, but this was caused in great measure by the reduced price level. Chain-store sales showed an even greater falling off in January, because their holiday peak was relatively greater; their actual sales for January were slightly larger than a year ago. Postal receipts declined from the holiday traffic, but were slightly larger than in January, 1921. Magazine advertising almost made up its December loss, but was still less than a year ago. \ t 700 \ 1 w 660 i 11 ill USANDS OF CA (0 600 i m yV 51 360 300 / 260 / / \ * < If i v 1/ \ 160 / > \ / \1 h \ DIAGRAM 20.—SALES OF MAIL-ORDER HOUSES AND CHAIN STORES, AND POSTAL RECEIPTS. | 200 100 Immigration continued to decline steadily in December and January with the gradual exhaustion of the yearly quotas of many countries, effective until June 30. Emigration, which exceeded immigration in December, declined over 50 per cent in January. Postal savings continued their steady decline. \ 1 nV * \ M? 0 M / t* ! i M _/ >4 SHORTAGE 0 1917 1918 1919 -MONTH LY 1920 1921... 1 AVERAGE A V\ ] // /\ 1 : 5 » AV t : > 1 ! A / i ' \ - ** LABOR. V1 0 Employment throughout the United States increased considerably in January and was about the same as the average for the year 1920. Employment in New York State declined 1J per cent in January and the total pay roll declined 3J per cent. Less unemployment was noted in Pennsylvania at the end of January than in December but more than in months prior to December. DIAGRAM 19.—IMMIGRATION, EMIGRATION, AND IMMIGRATION QUOTA. A II* \ \ A \ \ 1 7i - • 1913 1914 1916 1918 1917 1918 J9I9 1920 19-21 MONTHLY AVERAGE ii -AUw !iii *ii j i!Iii!Uis H I PUBLIC FINANCE. Further slight progress was made in January in the reduction of the United States interest-bearing debt, due to the continued contraction in Liberty bond issues. Customs receipts increased slightly in January. Total ordinary receipts were about 10 per cent less than a year ago and disbursements declined about 40 per cent, but exceeded receipts by some 20 per cent. Money in circulation increased for the first time since the beginning of the decline a year ago. A1 it \ it i K" I If s JO 1917 MONTHLY 1916 1919 1999 AVERAGE 1 \ \ V 10 1916 1916 I *1 \ / 1 1/ ATION IWIj BANKING AND FINANCE. l\l ju */ I tt \ \ n „ ft ' I) 1 /T MONTHLV T ^ OOTA t ( Debits to individual accounts and bank clearings declined in January, reacting from the heavy December business; this condition was equally true of New York City and the outside districts. Federal reserve notes and discounts were greatly contracted during January, indicating the heaviest liquidation in bank credits for many months. Total reserves and deposits of the Federal reserve banks continued their 17 increase in January. The condition of member banks the same index number in 1914, which reached a height of the Federal reserve system at the end of January of 145. showed similar conditions. Interest rates continued DIAGRAM 21.—FAILURES AND LIABILITIES, BY YEARS. to decline, call loans averaging 4£ per cent and commercial paper under 5 per cent. The crop of failures continued to increase in January but the amount of liabilities was less than the high mark of December. Dividend and interest payments were slightly larger than a year ago. New r 26.000-r capital issues by corporations declined heavily, while the amount of new incorporations increased. December telephone business was better than a year ago and earnings greater. Prices of industrial stocks rose slightly in January but railroad stocks were a little cheaper. The volume -20.000--520 of stock sales declined but bond sales, especially Liberty bonds, increased. Bond prices increased, with a large rise in industrials. Yields on municipal bonds rose slightly after a long decline. Imports and exports of gold declined, Silver imports increased and exceeded exports. Slight de16.000clines took place in silver prices. iiiiiiifiililiiiiiilflllllilillil BUSINESS FAILURES. One of the concomitants of a period of business depression is an increase in business mortality. Diagram 21 shows the annual record of failures as compiled by Dun's Review for the past 32 years. The increased business mortality, both in number and in liabilities, in the depression periods of 1893, 1907, 1914 and 1921 is clearly evident. The year 1921 marks a new record so far as liabilities are concerned. The total indebtedness of the firms failing last year amounted to $627,401,000, while the total liabilities in 1893 were only $346,780,000 and in 1914, the previous maximum, $357,909,000. The number of firms failing last year totaled 19,652, which was a smaller number than in 1915, when the total was 22,156. To a very considerable extent the heavy liabilities involved in last year's failures were due to the high prices and the consequent increase in the amount of money necessary to do business. On6 measure of the volume of business in terms of money value is given by bank clearings. If defaulted liabilities are expressed as the amount per $1,000 of bank clearings for the same year, it gives a better measure of the relative importance of these liabilities. Diagram 22 gives a comparison of index numbers showing the liabilities both as actually reported and in terms of bank clearings. Using 1913 equal to 100 the 1921 index of liabilities as reported is 230. This is far in excess of anything recorded before. But if these liabilities are expressed per $1,000 of bank clearings the 1921 index number on the same base is only 114. This is about the same order of magnitude as the corresponding figure for 1907 and much smaller than 91396—22 3 12.000- -329 -10.000- •7.600- -195 -5.000-- When considered in their relation to the total volume of business of the country, defaulted liabilities in 1921 were relatively less than in 1914. There is no evidence that the country has yet passed the peak of its business mortality. The total liabilities, as reported by Dun's Review, for December amounted to $87,502,000 and were the highest ever recorded for a single month. Liabilities in January dropped slightly to $73,796,000, but the number of failures increased from 2,444 in December to 2,723 in January. This latter figure is the highest recorded since January, 1915. The number of firms failing per 1,000 firms in business was 10.3 for 1921, which may be compared with the low point of 3.8 per thousand in 1919 and with 13.2 per thousand in 1915. This latter figure marks the peak in this particular for recent years. 18 DIAGRAM 22.—DEFLATED LIABILITIES COMPARED WITH ACTUAL. DIAGRAM 23-—FAILURES AND LIABILITIES BY MONTHS. DEFAULTED !! \i iiIs JAN. 1922 (Ih ii h 1 / LI^" -226- -200- 1921 1920 DEC. FAILURES -LIABILITI 1 NUMBER J 1921 -4 I Q I T a -liooe 1 101 — 0161 6061 8061 - p 2 5 0 - r -160-r - 1 5 0 - T Jl9H 1913 1914 .••I [MILLIONS o LIABILITIES I "T r / | M 1t ] 1 1 t ion 1 f j j M ,' i ' \ -150- - 9 0 — | / -2l ri i • [ -100- -4 OB / { r \ -75— 2 J -30— -30— la, J / t <* s \ // I i I 0) 1 \ \ \ v> -1,800- i -1^00- i ffi •UA/v\i \ < -1,200m§ ^ i ^/ ^* f V / ~X / V T/l v /' \ / \ \\f/ \T/ Ml -15— i it j • ~ji / r 7 i / I j/«t ni T\Lfi /E > I i I /A ir \ I \ Mi mil t \1 IS 1 // 1 -2,100- I1 « j , > J9 11 15] i nun u i 48 IS \'\ t s -2,400- J] Ji j3 1 |I 1 \ »- f ""T J Vf j lu I\ -125- - 7 5 — ii N| I I? t I ^__ / /i / /i / J 11 I 1 * VI n XF V * \f —0— L0—1 decline. The output of coal in December showed a considerable increase. Stocks of zinc again declined. FOREIGN EXCHANGE. Canadian imports declined 14 per cent in January, The rise in foreign exchange rates continued during and exports were 46 per cent less, largely a seasonal January. The greatest relative increases were made decline on account of the decline in wheat exports in the French, Belgian, Argentine and Canadian at this season of the year. Canadian bank clearings exchanges, while a decline of 6£ per cent in Chilean declined 16 per cent. exchange stands out contrary to the general moveJapan's January trade showed an increase of 9 per ment. The foreign exchange index number increased cent in imports but a decline of 40 per cent in exports. 4 points, the same as in December and only slightly Industrial activity in Belgium has increased conless than the increase in November. siderably. January output of iron, steel, and coal was greater in each case than any month since the FOREIGN TRADE. beginning of 1921. Imports declined Si per cent in January, and ex- DIAGRAM 24.—IMPORTS AND EXPORTS OF THE UNITED STATES. ports were 6 per cent less than in December. The T decline in import trade occurred from all sections of II j^" T the world except North America. Argentina alone / 4n» of the more important countries sent us more goods -lo t 7\ J\5 ' than in December. Exports declined to all contiT nents. Slight increases occurred in shipments to /f , \ _i / T \ France and Germany. \ \ \ / — o — —-0— — 0— \ \ \ \ / TRADE AND INDUSTRY OF FOREIGN COUNTRIES. British import trade declined 10 per cent in January, but export trade increased 6 per cent, due to the large increase in manufactured articles. The chief increases were in woolens and iron and steel. Pig-iron production increased, but steel output continued to r « \ Z' \ ?*\ -<* ?°* \ \ \ ' \ / / 1913 1014 1016 1018 1017 1018 1010 1020 1021 MONTHLY AVERAGE ii f ; . \r. 7r x^| \ I /i >l ,^ TREND OF BUSINESS MOVEMENTS. The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of heir 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: December, 1921.—This column gives the December figures corresponding to those for January shown in the "January, 1922," column—in other words, cover the previous month, and in some cases, where indicated by a footnote, refer to the previous quarter; that is, ending October 1, 1921. January, 1922.—In this column are given the figures covering the month of January, or, as in the case of stocks, etc., the situation on January 31, or February 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter ending December 31 or the condition on that date. Where this column is left blank, no figures for January were available at the time of going to press (March 8). Corresponding month, December, 1920, or January, 1921.—Thefiguresin this column present the situation exactly a year previous to those in the *'January, 1922," column (that is, generally, January, 1921), but where no figures were available for January, 1922, the December, 1920, figures have been inserted in this column for comparison with the December, 1921, figures. In the case of quarterly figures this, column shows the corresponding quarter of 1920. Cumulative for calendar year.—These columns set forth, for those items that can properly be cumulated, the cumulative total for the calendar years 1920 and 1921, respectively. Percentage increase (-J-) or decrease ( —) cumulative 1921 from 1920.—This column shows the per cent by which the cumulated total for the calendar year 1921, is greater (+) or less ( —) than the total for the year 1920. Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period stated in this column. Wherever possible, the year 1913 is taken as a base, and if no prewar figures are available, 1919 is usually taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921, and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen. Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next. Percentage increase (-f) or decrease ( — ) January from December.—The last column shows the per cent increase or decrease of the figure for the last month compared with the preceding month. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY ( N O . 6). Dec., 1921 Jan., 1922 INDEX N U M B E R S . Percentage increase Corres- CUMULATIVE TOTAL ponding FOR CALENDAR YEAR month, Dec., 1920, or Jan., 1920 1921 1921. (+) or decrease (-) cumulative 1921 from 1920. 1920 1921 1921 1922 BASE YEAR OR PERIOD. Percentage increase or decrease Dec. Jan. Oct. Nov. Dec. Jan. from Dec. TEXTILES. Wool. Consumption by textile mills thous. of lbs.. Receipts at Boston:* Domestic* .thous. of lbs.. Foreign* thous. of lbs.. Total* thous. of lbs.. Imports, unmanufactured thous. of lbs.. Machinery activity: Looms, wide per ct. of hrs. active.. Looms, narrow per ct. of hrs. active.. Looms, carpet and rug. .per ct. of hrs. active.. Sets of cards per ct. of hrs. active.. Combs perct. of hrs. active.. Spinning spindlesWoolen per ct. of hrs. active.. Worsted per ct. of hrs. active.. Looms and spindles: Woolen spindles per ct. of active to total.. Worsted spindles per ct. of active to total.. Wide looms per ct. of active to total.. Narrow looms per ct. of active to total.. Carpet looms per ct. of active to total.. 64,237 61,884 15,091 4,092 19,183 12,520 13,825 13,061 26,886 22,152 574,777 656,807 + 14.3 1913 60 74 168 163 159 153 - 3,465 105,709 16,608 168,356 143,720 + 36.0 199,353 -I- 18.4 343,074 + 25.2 320,666 23.5 1913 1913 1913 1913 39 150 70 106 26 315 107 167 81 50 72 72 81 90 84 87 112 78 102 99 103 247 143 175 8.4 +219.2 + 40.2 + 76.9 11920-21 i 1920-21 11920-21 i 1920-21 11920-21 55 52 92 54 48 49 60 79 64 123 131 151 130 129 117 133 157 125 122 110 130 152 116 128 106 122 165 120 125 + + - 11920-21 11920-21 50 49 56 62 129 128 123 122 118 120 118 120 1913 1913 1913 1913 1913 53 66 58 53 104 124 104 103 101 122 99 107 109 97 118 95 108 109 95 116 89 100 115 30,072 20,073 274,063 21,169 259,618 67.1 72.2 70.3 72.9 98.6 76.1 36.5 75.4 35.7 96.3 49.0 74.4 86.2 74.6 35.5 86.1 44.7 75; 87, 64.8 30.0 68.0 33.3 73 41 57 70 I 46 79 | 51 74 I 50 »Twelve months average, November, 1920, to October, 1912, inclusive. (19) 70 79 57 77 62 70 74 3.6 3.6 6.2 8.6 3.4 2.3 0.0 0.0 + 2.1 1.7 6.3 7.4 5.S 20 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY (NO. 6). _ | CUMULATIVE TOTAL i Corres- | F O R CALENDAR YEAR. Dec., 1921 Jan., 1922 i ponding; ;i month, i! Dec., ;| 1920, 1920 INDEX NUMBERS. Percentage increase 1921 1921. ordecumu lative1921 from 1920. 920 1921 BASE YEAR OB PERIOD. Percentage in1922 1921 (+) or decrease Dec. Oct. Nov. I Dec. ] Jan.from Dec. TEXTILES—Continued. Wool—Continued. Prices: Raw wool to producer Raw wool, Boston Worsted yarn Woolen dress goods Men's suitings : dolls, per l b . . dolls, per l b . . dolls, per l b . . dolls, per y d . . dolls, per y d . . 0.169 .5273 1.250 .815 2.835 0.180 .5818 1.278 ,815 2.835 jj 0.196 |t .5455 | I 1.15 ! | 1.047 3.06 1913 1913 1913 1913 1913 117 114 148 186 198 107 148 145 184 101 110 161 145 184 j | | | • 108 + 6.5 122+ 10.3 2.2 165 0.0 145 0.0 184 Cotton. Consumption by textile mills bales. 511,800 526,552 j 366,270 I 5,842,072 5,405,213 — 7.5 Stocks, end of month: 1,738 1,675 1,273 Mills thous. of bales. 5,177 4,618 5,645 Warehouse thous. of bales. 4,544 4,202 4,822 Visible supply thous. of bales. 42,093 61,006 24,024 Imports, unmanufactured 277,897 - 53.7 599,889 639,825 475,910 605,381 6,159,132 6,474,105 -f 5.1 Exports, unmanufactured lanufactured goods: Cotton cloth exports thous. of y d s . . 39,842 a 31,037 37,487 551,525 - 32.6 818,751 Fabric consumption by tire mfrs.thous. of lbs.. 6,365 7,707 80,356 2,598 Elastic webbing sales thous. of yds.. 13,193 149,098 - 7.3 4,932 160,843 Machinery activity—spindles: 34,458 31,509 Active thousands.. 34,489 7,726 7,932 Total activity mills, of hrs.. 210 215 Activity per spindle hours.. Prices: .155 .163 Raw cotton to producer dolls, per lb. .118 .1834 .1790 Raw cotton, New York dolls, per l b . .1670 .3817 Cotton yarn dolls, per lb. .3650 .3355 Print cloth dolls, per yd. .0578 .0578 .0578 .1065 Sheeting !. .dolls, per yd. .0953 1913 61 76 109 106 109 J U 1913 1913 1913 1913 1913 93 319 158 127 108 95 321 157 118 123 299 151 253 130 294 148 300 125 1913 1920-21 1919 120 49 32 1913 99 1913 1913 1913 1913 1913 121 143 170 168 2.9 - 10.8 137 - 7.b 207 - 31.0 65 - 25.6 a 84 - 22.1 231 + 21.1 114 114 + + 0.1 2.7 2.4 - 4.9 2,4 4.4 0.0 8.0 129 140 148 168 160 148 154 170 186 168 135 142 160 174 172 137 143 154 168 174 31 7 153 17 536 105 52 445 jl ,020 +129.2 115 154 + 33.9 57 20 - 52.6 173 384 154 401 158 120 83 30 197 204 70 38 209 136 113 48 186 148 39 128 111 I - 13.0 51 I - 41.8 !- K n i t Goods. Orders received per ct. normal production. Shipments per ct. normal production. Cancellations per ct. normal production. Unfilled orders end of month per ct. normal production. Production per ct. normal production. 49.8 58.7 3.1 114.2 78.7 1.1 44.7 15.7 .4 214. 77.0 223.5 79.0 56.3 j 17.4 thous. of lbs. bales. bales. dolls, per lb. 5,824 20,930 24,804 7. 595 3,881 33,842 31,139 6.762 709 30,058 22,176 6 196,128 31,859 5. 782 45,355 + 50.9 323,286 + 64. 8 thous. of lbs. long tons. 43,448 25,110 37,781 14,612 | 48,903 19,374 474,168 244,899 3 1920 3 1920 3 1920 i 3 1920 3 1920 19 22 101 35 357 175 1913 Feb.,192C Feb., 192C 1913 34 31 68 155 25 74 49 159 110 4.4 2.6 Silk. Imports, raw Consumption, raw Stocks, raw; end of month Prices, raw, Japanese, N. Y 166 + ;+ I- 33.4 61.7 25.5 11.0 Burlap a n d Fiber. Imports: Burlap* Fiber (unmanufactured)* 568,780 405,801 16.6 39.7 1909-13 1909-13 54.6 51.1 55.3 72.5 1913 1913 1913 1913 106 110 21! 5: 94 104 239 64 49 76 47 52 55 78 55 41 64 67 59 41 64 75 69 50 1913 Mar.,1921 138 128 73 105 72 97 72 83 0.6 72 93 + 12.0 METALS. Iron a n d Steel. Production: Pig iron thous. of long tons. Steel ingots thous. of long tons. .J Exports thous. of long tons.. Imports thous. of long tons.. Unfilled orders, U. S. Steel Corp., •ud of month thous. of long tons.. Foundry production, Ohio per ct. of normal.. 1,649 1,695 134 11 i j j j 1,639 1,892 157 13 2,416 ! 2,617 546 17 4,268 j 20.80 ! 4,242 23.13 7,573 36,414 ! 40,893 ! 4,944 j 440 16,544 2,208 121 - -0.6 + 11.6 !+ 17.2 !+ 18.2 • Six months average, November, 1920, to April, 1921. ' Six months average, July to December, a Beginning with January, 1922, figures are in square yards, For the present these are compared directly with linear yards in earlier months. Stated in square yards the total will probably average slightly less than in linear yards. & 11 months cumulative beginning February. 21 TREND OF BUSINESS MOVEMENTS--Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures tor these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY (NO. 6). CUMULATIVE TOTAL Corres- FOR CALENDAR YEAR. Dec., 1921 ponding month, Dec., 1920, or Jan., 1921. Jan.. 1922 1920 I N D E X NUMBERS. Percentage increase or decrease BASE YEAR OR PERIOD. cumulative ; , 1921 from 1920. 1921 1920 1921 centin1922 age crease 1921 or decrease Oct. Nov. Dec. Dec. Jan. 1913 1913 1913 1913 1913 1913 1913 1913 236 211 143 142 137 216 198 128 128 128 1913 1920 1920 & from Dec. Jan. METALS—Continued. Iron and Steel—Continued. Wholesale prices: Pig iron— Fdry., No. 2,northern.dolls, per long ton. Bessemer dolls, per long ton. Steel billets, Bessemer dolls, per long ton. Iron and steel dolls, per ton. Composite pig iron dolls, per ton. Composite steel dolls, per 100 lbs. Composite finished steel dolls, per 100 lbs. Structural steel beams dolls, per 100 lbs. 21.96 21.96 29.00 33.99 20.42 2.23 2.11 1.50 21.26 21.56 28.00 33.45 20.42 2.17 2.06 1.50 1 33.84 33.96 43.50 51.98 32.62 3.25 3.06 2.50 i ; 169 169 113 113 113 203 197 135 132 129 133 - 3.2 126 - 1 . 8 109 - 3 . 4 127 1.6 235 212 137 136 132 132 191 189 134 133 130 126 187 184 134 128 127 124 - 2.7 -2.4 180 162 116 109 99 99 0.0 93 72 25 9 29 25 - 14.6 47 20 74 70 55 89 95 88 85 83 100 211 166 158 100 197 154 104 36 109 112 80 81 + 84 24 22 18 25 + 19.0 78 74 103 87 75 82 81 83 86 86 - 13.6 0.0 + 7.7 0.0 Locomotives Shipments* number. 89 76 220 2,392 1,344 - 43.8 | | Finished Iron and Steel. Sheets, blue, black, and galvanized: Production per ct. of capacity. Stocks per ct. of capacity. Steel barrels: Shipments barrels. Production per ct. of capacity. Structural steel, sales long tons. 40.1 39.2 124,006 13.3 71,500 : 42.0 43.4 i 14 9 45 1 1,344,498 32,058 1,161,422 758,263 - 34.7 25,848 i 85,929 53,130 54,855 .136 .129 623,613 472,028 628,447 + 0.8 72,100 Jan ,1921 Jan ,1921 1913 53 1913 1913 1913 59 87 0.8 Copper. Production* Exports Wholesale price, electrolytic thous. of lbs. thous. of lbs. dolls, per lb. 18,595 61,518 .136 Zinc. Production Stocks, end of month Imports Receipts, St. Louis Shipments, St. Louis Wholesale price, slab, western Production in Belgium* thous. of lbs. thous. of lbs. thous. of lbs. thous. of lbs. thous. of lbs. dolls, per lb. short tons. 44,026 133,216 47,412 131,356 51,832 151,906 959,544 266 58 947 20,016 34,593 .053 8,122 19,442 29,052 .051 9,092 21,539 28,002 059 9,161 45,038 379,732 498,570 Tin. Stocks, end of month Imports Wholesale price, pig tin tons. thous. of lbs. dolls, per lb. 1,696 8,880 .326 1,331 9,103 .320 2,546 2,584 .355 thous. of lbs. thous. of lbs. dolls, per lb. 14,006 4,318 .047 19,500 8,514 .047 7,311 4,445 .050 132,287 87,607 30,895 5,984 40,270 8,321 1,518 2,278 558,176 89,067 20,980 1,860 37,600 6,258 496 1,903 3,810 4,636 3,790 4,848 3,541 5,354 43,963 61,362 431,186 - 55.1 ! 92,880 126,038 1913 1913 1913 1913 18,930 - 58.0 162,587 - 57.2 ; 248,867 - 50.1 1 1913 ' 1913 73,271 - 21.1 1919 98 90 50 73 76 82 I 175 187 174 165 164 162 26 26 0 1 7 2 70 102 - 1.4 - 78.2 - 2.9 - 16.0 — 3.8 + 11.9 122 78 62 69 72 123 99 86 88 122 103 101 88 89 90 88 121 118 78 88 105 117 1913 1913 1913 155 138 111 71 92 72 62 27 72 93 95 76 79 46 61 65 73 125,876 - 4 . 8 ! 1913 58,395 - 33.3 1913 1 1913 220 133 182 168 256 356 35 51 65 44 49 97 + 39.2 - 97.2 109 113 107 107 107 107 0.0 132 101 i 110 97 ! 99 90 77 94 + 21.7 90 78 82 15 17 18 18 164 167 176 180 + 4.6 - 3.5 + 2.3 112 118 117 117 - 0 . 4 103 108 54,201 - 57.0 — 21.5 + 2.5 71 18 Lead. Receipts, St. Louis Shipments, St. Louis Wholesale price, pig, desilverized FUEL AND POWER. Coal and Coke. Production: Bituminous coal thous. of short tons. Anthracite coal thous. of short tons. Beehive coke thous. of short tons. By-product coke thous. of short tons. Public utility electric power mills, of kw. hours. .Shipments, anthracite....,,. .thous. of long tons. 514 407,637 - 27.0 87,278 - 2/0 5,561 - 73.5 19,918 1913 1913 1913 1913 40,929 - 6 . 9 65,174 + 6.2 1919 1919 i 109 54 | 41 ! 115 109 ! 110 128 119 i 131 + 4.6 22 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY ( N O . 6). ( CUMULATIVE TOTAL Corres- FOR CALENDAR YEAR. Dec., 1921 Jan., ponding month, Dec., 1920, or Jan., 1921. 1920 I N D E X NUMBERS. Percentage increase -y or decrease (-) cumulative 1921 from 1920. 1921 1920 1921 1921 1922 BASE YEAR OR PERIOD. Percentage increase or decrease Dec. Jan. Oct. Nov. Dec. Jan. Jan. from Dec. FUEL AND POWER—Continued. Coal a n d Coke—Continued. Storage, anthracite Exports: Bituminous Anthracite Coke Wholesale prices: Bituminous* Anthracite, chestnut* Retail prices: Bituminous*.Anthracite: Stove* Chestnut* thous. of long tons. 3,747 j . thous. of long tons. thous. of long tons. thous. of long tons. 770 j 644 306 ! 224 dolls per short ton. dolls, per long ton. Jan., 1921 2,248 34,396 4,824 819 20,660 4,178 - 13.4 275 - 66.4 100 568 584 1909-1913 244 205 121 -70 59 - 16.4 1909-1913 129 101 107 114 106 78 - 26.8 1909-1913 106 52 31 42 32 41 + 30.4 30 38 3.85 j 10.65 j 3.75 10.64 5.60 10.64 1913 323 255 186 186 175 171 - 1913 199 200 201 201 201 200 dolls per short ton. 10.27 ! 9.90 11.82 1913 227 218 192 190 189 182 dolls, per short tons. dolls, per short tons. 15.09 i 15.13 | 14.97 15.01 15.99 16.13 1913 207 195 195 195 194 204 191 191 191 41,957 | 43,326 183,890 1 195,444 47,785 45,882 13,753 13,097 19,397 38,271 125,226 48,375 13,193 18,481 439,031 35,990 313,001 586,087 2,250 1913 206 Petroleum. Crude petroleum: Production Stocks, end of month Consumption Imports Shipments from Mexico Gasolene: Production Exports Domestic consumption Stocks, end of mo Price, crude petroleum thous. of thous. of thous. of thous. of thous. of bbls. bbls. bbls. bbls. bbls. thous. of gals. thous. of gals. thous. of gals. thous. of gals. dolls, per bbl. 49,856 2,250 443,402 + 5.9 0.3 - 1.1 - 3.6 190 - 0.8 0.8 1913 188 172 183 203 + 3.3 1913 117 118 164 168 175 186 + 6.3 525,407 0.1 125,307 15.3 181,110 + 17.8 1913 206 227 207 211 219 210 - 40 1913 884 889 784 876 - 4.8 1913 816 856 776 814 464,393 4,882,546 5,153,548 + 5.6 54,065 635,755 524* 279 - 17.5 295,262 4,258,172 4,516,586 + 6.1 462,382 3,400 1919 141 140 134 131 133 1919 212 176 154 150 117 1919 103 103 159 122 109 524,723 108,651 153,764 1919 98 121 97 105 124 1913 375 364 166 228 241 163 0.0 241 PAPER AXD PRINTING. Wood pulp, mechanical: Production sh ort tons. 121,804 109,175 140,999 Consumption and shipment short tons. 114,087 101,957 123,661 Stocks, end of mo short tons. 123,080 125,298 146,964 Imports short tons. 28,498 20,920 14,076 Wood pulp, chemical: Production short tons. 151,031 157,746 I 134,354 Consumption and shipment short tons. 147,380 158,774 j 123,524 Stock, end of month short tons. 46,843 50,815 |! 53,853 Imports : — s h o r t tons. 117,068 95,525 \ 35,478 Newsprint: Production short tons. 107,877 105,808 123,830 Shipments short tons. 107,070 103,192 116,176 23,934 26,550 Stocks short tons. 32,417 Exports thous. of lbs. 3,198 4,963 5,073 All other paper: Production short tons. .! 400,407 | 400,387 Shipments short tons. .j 396,497 ! 391,676I 269,747 Stocks short tons. .| 229,710 | 238,421 216,524 Exports, printing thous. of lbs. J 4,686 I 6,841 16,369 Prices, newsprint: Contract, domestic dolls, per 100 lbs. • 4.102 ; 3.756 6.076 Contract, Canadian dolls, per 100 lbs. 4.018 | 3.484 6.385 Spot market, domestic dolls, per 100 lbs. 3.666 I 3.685 6.945 Printing: Activity weighted index number. Paper purchases, quantities.. .index number. Paper purchases, value index number. Sales index number. 1,578,300 1,268,012 19.7 1919 121 117 90 | 101 90 - 10.4 1,587,693 1,274,563 19.7 1919 104 102 84 93 I 95 1919 84 95 77 75 1 1909-1913 135 84 - 10.6 81 + 1.8 127 - 26.6 232,508 192,002 - 17.4 80 160 216 173 2,257,871 1,532,926 32.1 1919 97 83 94 101 94 + 2,226,429 1,529,607 31.3 1919 94 77 99 102 92 + 7.7 94 + 8.5 374 - 18.4 1919 100 79 80 87 1909-1913 139 221 279 459 673,849 533,484 - 20.8 1,511,968 1,226,189 j 18.9 1919 109 108 91 1,502,574 1,227,018 | 18.3 1919 105 101 91 1919 103 135 97 1913 92 92,446 33,694 - 63.6 35 5,822,646 4,134,082 29.0 1919 80 74 110 108 5,781,961 4,081,005 1 29.4 1919 75 67 112 106 1919 88 101 103 105 73,887 - 60.7 1913 194 171 30 38 187,875 1919 160 163 113 113 1919 158 175 111 110 1919 183 162 95 97 Sept.,1920 105 82 84 1918 90 75 111 105 1918 141 113 98 90 1918 184 180 146 139 44 94 ! 92 i~ 1.9 90 i— 3.6 100 i 111 + 10.9 44! 70 + 58.6 93J 100 ; 100 |j 98 ! 111 j 111 |+ 49 j 110 110 85 105 93 149 0.0 97 I - 1 . 2 3.8 72 ||+ 46.0 101 - 8.4 95 - 13.3 86 + 0.5 1 "* ** 23 TREND OF BUSINESS MOVEMENTS—Continued. Percentag increas NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of Corresponding month, Dec, 1920, or Jan., 1921. the SURVEY (NO. 6). RUBBER. Crude: ..thous. of lbs.. Imports ..thous. of lbs.. Consumption by tire mfrs Wholesale price, Para Island, N. Y thous. of lbs.. Tires: ProductionPneumatic thousands.. Solid thousands.. Inner tubes thousands.. Domestic shipmentPneumatic thousands.. Solid thousands.. Inner tubes thousands.. Stocks, end of monthPneumatic thousands.. Solid thousands.. Inner tubes thousands.. AUTOMOBILES. Production: Passenger cars number.. Trucks number.. Shipments: By railroad carloads Driveaways. no. of machines.. By boat no. of machines.. Accessories: Purchases thous. of dolls.. j Accounts past due thous. of dolls. Notes outstanding thous. of dolls. GLASS. Bottles: Production index number. Illuminating glassware: Net orders per ct. of capacity. Actual production per ct. of capacity. Shipments billed per ct. of capacity. BUILDING AND CONSTRUCTION. Buildings. Building volume index number Building costs index number Concrete factory costs index number Contracts awarded,floorspace: Business buildings thous. of sq. ft Industrial buildings thous. of sq. ft.. Residential buildings thous. of sq. ft.. Educational buildings thous. of sq. ft.. Hospitals and institutions thous. of sq. ft.. Public institutions thous. of sq. ft.. Social and recreational bldgs. .thous. of sq. ft.. Religious and memorial bldgs.thous. of sq. ft.. Grand total thous. of sq. ft.. Contracts awarded, value: Business buildings thous. of dolls.. 22,056 23,696 Industrial buildings thous. of dolls.. 14,553 19,695 Residential buildings thous. of dolls.. 100,897 75,728 Educational buildings thous. of dolls.. 15,046 12,067 5,369 Hospitals and institutions thous. of dolls.. 6,343 942 Public institutions .thous. of dolls.. 2,143 Public works and utilities thous. of dolls.. 27,833 18,735 6,356 Social and recreational bldgs. .thous. of dolls.. 6,149 3,367 Religious and memorial thous. of dolls.. 166,320 Grand total thous. of dolls.. Fire losses thous. of dolls.. * Six months average, November, 1920, to April, 1921. INDEX NUMBERS. CUMULATIVE TOTAL FOR CALENDAR YEAR 105 111 j 108 ! 76 i 133 79 ! 125 76 ! 148 107 ! 103 103 103 106 102 195,153 144,377 22.244 238,074 j 62,054 50.714 118 91 169 |4,169 152 152 82,435 127,830 137,525 26,278 6,278 2,831 12,360 5,065 400,602 ' \ , ! 65,240 35,773 204,568 40,583 10,684 3,020 17,476 419,653 331,946 173,325 588,963 877,845 566,122 243,833 172,298 70,145 47,543 22,314 26,648 459,184 566,346 108,598 91,127 60,399 41,354 2,533,224 2,359,775 332,656 330,856 24 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. Percentage I NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of Corres- Dec., 1921 the SURVEY (NO. 6). Jan., 1922 CUMULATIVE TOTAL yoR pondingj month, j 1 Dec., i 1920, Jan., ! 1921. ; CALENDAR YEAR. M» 1921 or decrease (-) cumulative 1921 from 1920. J BUILDING AND CONSTRUCTION—Con. Lumber. Southern pine: Production M ft. b. m . . 389,832 396,120 291,843 I 4,296,371 4,505,259 + 4.9 Stocks, end of month M ft. b. m . . \} 125,9791,172,652 L, 302,849 Price, "B " and better. .dolls, per M ft. b. m..| 43.57 41,91 ! 36.89 Douglas fir: j j Production (computed) M ft. b. m . . 346, 634 350,081 163,391 4,570,209 3,572,847 - 21.8 Shipments (computed) .M ft. b. m . . 301,688 330,831 182,192 4,018,974 3,582,064 - 10.9 Price No. 1 common dolls, per M ft. b. m..] n . 50 n . 50 15.50 Michigan hardwood: i j Production M ft. b. m . . 13,972 19,471 j 19,961 231,730 - 30.8 334,860 Shipments M f t . b . m . . 18,549 16,601 8,732 196,676 - 25.7 264,698 Western pine: Production Mft.b.m..; 37,145 38,183 24,698 893,249 Shipments M ft. b. m. j 82,505 84,989 j 42,793 922,079 North Carolina pine:* j ! Production* Mft.b.m..| 43,190 42,490 11,221 402,164 361,970 - 10.0 Shipments* Mft.b.m..! 40,530 32.270 15,883 348,628 - 2 . 5 357,490 Oak flooring: i Production M f t . b . m . . 17,510 19,262 4,269 148,929 + 15.5 128,936 Shipments.. M f t . b . m . . 18,065 14,970 4,182 163,134 + 74.3 93,598 Ordersbooked M f t . b . m . . 13,070 13,606 5,217 168,690 +121.6 76,115 Stocks, end of month M ft. b. m . . 21,763 27,467 39,949 Unfilled orders, end of month M ft. b. m . . 20,888 21,230 3,620 Exports, planks, scantlings, and joists. .M ft. b. m.. 151,268 148,675 86,182 1,551,358 1,204,817 - 22.3 Brick. Clay fire: | Production * per ct. of capacity.. Shipments* perct. of capacity.. Stocks, end of month. 4 per ct. of capacity.. Silica: Production thousands.. Shipments thousands.. Stocks, end of month thousands.. Face brick: Production thousands.. Stocks in sheds and kilns .\ thousands.. Unfilled orders thousands.. Shipments ' thousands.. Prices: Common red, N. Y dolls, per thous.. Common salmon, Chicago dolls, per thous.. Cement. Production thous. of bbls.. Shipments thous. of bbls.. Stocks, end of month thous. of bbls.. Price, Portland dolls, per bbl.. 43.2 38.9 184.4 38.3 39.8 176.2 67.7 57.7 150.4 4,754 7,321 38,812 6,581 8,246 36,344 10,866 8,066 37,035 178,850 186,960 69,536 - 61.1 66,624 - 64.4 38,444 25,331 160,961 154,285 34,755 31,799 23,151 14,902 17,833 154,092 28,392 8,704 541,836 428,174 - 21.0 14.50 8.93 15.23 8.40 334,209 1913 1913 16.50 11.31 j 6,559 3,697 11,938 1.50 1.50 1.95 38,818 53,140 41,993 48,425 53,422 58,420 22,444 90,303 16,340 617,395 251,416 421,284 number.. 45,176 63,047 number.. 111,834 102,190 number.. 49,961 80,124 46,811 69,052 47,846 617,258 519,618 641,255 1913 1913 1913 1913 195 - 19.3 +259.5 + 16. S 1919 1919 1919 82 138 12 65! 183 214 ! 71 23 | 89 148 96 59 112 126 60 698,033 + 13.1 1,311,814 +152.5 675,780 + 5. 1919 1919 1919 125 32 27 102J 120 72 70 99 80 68 95,051 Enamel Sanitary Ware. Baths: Orders shipped*.... Stocks* Orders received * Lavatories: Orders shipped *. Stocks* Orders received * i number.. number.. number.. «These figures are based upon revised data, details of which will appear in April issue. 498,117 903,883 490,934 49 65 169 67 111 + 39.6 - 8.6 + 60.4 25 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of ( } t CUMULATIVE TOTAL FOR CALENDAR YEAR. Dec, 1921 the SUBVEY (No. 6). Jan., 1922 I N D E X NUMBERS. Percentage increase Corresponding j month, | — Dec., 1920, ! or decrease (-) cumulative 1921 from 1920. 1921 192.1 1921 1920 1921 Percentage increase 1922 BASE YEAR OR PERIOD. or decrease Dec. Jan. 1919 1919 1919 Ill 50 25 75 64 54 103 63 26 104 82 54 Oct. Nov. Dec, Jan. from Dec. BUILDING AND CONSTRUCTION—Con. Enamel Sanitary Ware—Con. Sinks: Orders shipped * Stocks * Orders received * Miscellaneous: Orders shipped * Stocks * Orders received * number.. 57,430 number.. 133,014 number.. 62,222 73,877 129,586 84,791 40,979 | 80,752 ' 47,243 722,776 ; 797,493 + 10.3 795,996 | 1,341,166 + 68.5 690,021 774,922 + 12.3 170 130 85 91 110 71 105 106 71 28.6 135 103 I - 2.6 96 | 36.3 97 115 71 137 41.1 104 I - 9.2 130 + 82.6 I number.. : . . .number.. number.. 27,518 91,643 29,879 38,831 83,242 54,545 29,494 65,831 22,553 372,747 568,925 332,291 403,683 + 8.3 1,072,726 + 88.6 381,641 + 14.9 1919 1919 1919 25,341 8,061 887,623 137,711 551,379 - 37.9 51,365 - 62.7 1919 1919 154 117 103 101 108 75 Abrasives. Domestic sales Foreign sales reams.. j 45,195 reams.. 4,280 i 37 88 39 . 48 : 88 80 44 64 53 HIDES AND LEATHER. Hides. Imports: Total hides and skins Calfskins Cattlehides Goatskins Sheepskins Stocks, end of month: Packer hides, green s a l t e d Cattle hides Calf and kip Other hides and s k i n s Green s a l t e d Cattle hides Calf and kip Dry salted: Cattlehides Calf and kip Sheep and lamb Prices: Green salted, packers' heavy native steers Calfskins, country No. 1 I j thous. of lbs.. 27,686 thous. of lbs.. 3,907 thous. of lbs.. 13,337 thous. of lbs.. 5,757 thous. of lbs.. i 4,031 j 27,833 ! 21,961 1,645 15,934 i | 14,699 5,530 i 2,027 3,213 ij 2,073 2,272 I + - 31.8 36.4 34.5 21.3 44.6 1909-13 1909-13 : 1909-13 1909-13 1909-13 50 20 84 17 39 51 24 77 25 39 61 59 52 97 55 35 62 67 84 58 253,676 22,570 51920-21 51920-21 108 98 106 179 70 57 65 50 .thous. of lbs.. 116,239 .thous. of lbs.. 31,167 112,717 32,766 51920-21 *1920-21 94 98 101 101 95 97 96 100 97 94 18,101 4,809 34,433 5 1920-21 s1920-21 »1920-21 103 83 105 110 83 100 94 131 99 98 117 102 103 132 96 103 75 91 81 80 82 86 77 72 66 70 98 90 63 95 44 92 76 86 132 59 114 146 65 33 83 67 61 + 0.5 ! - 41.8 + 19.5 3.9 - 20.3 90 73 0.0 1.4 I .thous. of lbs..! 18,216 .thous. of lbs..! 7,678 .thous. of lbs.. 31,654 dolls, per l b . . j dolls, perlb..! . 165 .140 .165 .138 1913 1913 .168 .153 ! i 1,191 14,234 42,236 23,901 43,436 18,423 159,284 ,153,690 17,841 3.2 199,836 + 25.5 677,766 - 41.3 176,158 428,902 1919 1919 ; 1919 5 1920-21 5 1920-21 63 137 96 102 102 102 107 99 106 99 109,653 135,767 * 1920-21 »1920-21 98 89 96 89 104 116 103 115 1913 1913 41 55 111 40 80 42 90 66 1913 1913 145 213 142 194 121 194 121 185 .400 i .525 I 21,101 87,649 14,380 42,710 - 31.9 51.3 5.2 1.1 -4.4 117 153 122 6 1920-21 5 1920-21 2,903 3,508 93 134 91 117 175,874 426,733 * Twelve months average, September, 1920, to August, 1921, inclusive 4 348,036 .47,938 180,184 63,125 45,869 thous. of lbs.. 149,514 thous. of lbs.. 10,238 Leather. J Production: Sole leather ..thous. of sides.. 1,746 1,655 Skivers dozens.. 20,149 17,950 Oak and union harness , ...stuffedsides..! 62,551 59,815 Finished sole and belting... ...thous. of lbs.. | 28,431 Finished upper . .thous. of sq. ft..! 73,557 Stocks, end of month: Sole and belting ... .thous. of lbs.. | 195,897 .thous. of sq.ft.-1 415,790 Stocks in process of tanning: Sole and belting ...thous. of lbs..! 110,226 Upper .thous. of sq.ft.. 176,051 Exports: Sole ...thous. of lbs.. 1,311 Upper ..thous. of sq.ft. 5,843 4,403 Prices: .340 Sole, hemlock, middle No. 1. ...dolls, per l b . . .340 Chrome calf," B " grades.... dolls, per sq.ft.. .500 ..465 91396—22 509,992 35,140 275,065 80,207 82,753 107 115 50 j 38 i - 24.8 50 - 24.6 121 173 - 0.0 7.0 26 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY (No. 6). <+> I ; 1 CUMULATIVE TOTAL 1 Oorres- j FOR CALENDAR YEAR. or de- ponding month, Dec, A 1920, or Jan., 1921. crease 1 Dec, 1921 Jan., 1922 1920 INDEX NUMBERS. Persentage Lcrease 1921 cumulative 1921 from 1920. 1920 [l921 1921 Per:i cent1922 jjagein!: crease ( } ;or det BASE YEAR OR •ERIOD. crease Dec. Jan. Oct. Nov. Dec. Jan. ! from Dec. HIDES AND LEATHER—Continued. Leather Products. Belting sales: Quantity thous. of lbs.. 248 Amount thous. of dolls.. 415 Boots and shoes: Production c 24,242 , Exports thous. of pairs.. 322 jj 1,114 560 Price, wholesale, men's ji black calf blucher dolls, per pr.. 6.75 !; 7.25 6.75 CHEMICALS. Imports: 4,231 17,591 Potash tons.. 17,060 80.305 5,365 9,470 Nitrate of soda tons.. Exports: 659 728 1,904 Sulphuric acid thous. of lbs.. 394 657 I; 1,336 Dyes and dyestuffs thous. of dolls.. Total fertilizer tons.. 63,663 67,011 I! 106,153 Price index numbers: Crude drugs index number.. Essential oils index numbers. Drugs and Pharmaceuticals ...index numbers. Chemical price index* weighted index number.. 8,028 18,368 3,342 - 5 8 . 4 6,138 - 66.6 1919 16,841 8,959 - 1913 163 132 1913 249 233 46.8 1919 178,692 1,320,972 104,872 - 41.3 369,199 - 72.1 1909-13 1909-13 28,991 32,652 1,413,797 12,815 - 55.8 6,859 - 79.0 895,443 - 36.7 1909-13 1909-13 1909-13 38 36 67 217 j 217 217 38 - 42.5 217 I 0.0 20 + 76.5 310 225 115 4.615 1,665 |l,731 98 102 103 61 107 119 + 10.5 1,271 + 66.8 65 + 5.3 Aug., 191 162 153 126 I 127 + 1.5 ug.,191 210 200 138 - 0.7 .ug., 191 160 155 117 «1913-14 189 181 151 1913 1913 1919 1919 1914 253 228 183 144 100 92 132 81 1.861 1.961 1913 1913 194 204 9.625 1913 8.295 1913 118 117 - 0 . 8 147 145 144 - 0.7 213 163 233 260 126 235 55 57 86 - 0.2 11.1 27.2 16.9 2.4 FOODSTUFFS. Wheat. Exports, including flour thous. of bush.. 15,014 14,985 | Visible supply thous. of bush.. 135,823 120,804 ! Receipts, principal mkts thous. of bush.. 23,975 17,458 j Shipments, principal mkts thous. of bush.. 13,634 11,335 Wheat flour production thous. of bbls.. 9,053 9,273 jj Prices: No. 1, northern, Chicago dolls, per bush.. 1.254 1.285 j| 1.196 No. 2, red, winter, Chicago.. .dolls, per bush.. 1.177 Flour, standard patents, Minneapolis dolls, per b b l . . 6.881 7.000 I Flour, winter straights, 5.875 jj Kansas City dolls, per b b l . . . . 5jj Corn. Exports, including meal Visible supply Receipts, principal mkts Shipments, principal mkts Prices, contract grades, No. 2, Chicago thous. of bush.. thous. of b u s h . . thous. of bush.. thous. of bush.. | j dolls, per bush.. j Other Grains. Oats: Exports, including meal thous. of bush.. | Prices, contract grades, ! Chicago dolls. per bush.. j Barley: j Exports thous. of bush.. I Price, fair to good, malting, Chicago dolls, per bush.. Rye: Exports, including flour thous. of bush.. Price, No. 2, Chicago dolls, per bush . 10,488 27,109 39,723 17,403 .482 573 27,105 74,036 28,978 19,190 8,924 19,437 ji 5,753 30,383 11 15.977 52,097 II 39,348 17,375 29,393 .484 511 j 307,394 324,453 279,025 108,755 21,320 215,855 115,842 350,464 + 14.0 436,425 -I- 34.5 291,817 + 4.6 122,069 4- 12.2 131,685 +517.7 340,903 + 57.9 227,389 + 96.3 .681 963 .364 .375 .454 830 421 2,991 .548 .582 .750 1913 1913 1919 1919 17,855 8,003 25,833 + 44,7 144 98 81 126 101 204 199 142 121 134 119 137 119 141 + 2.5 + 1.6 195 210 162 156 150 153 + 1.7 215 216 164 153 152 153 + 0.3 136 224 106 190 266 217 460 + 85.3 + 12.1 63 121 196 121 1 109 1913 15,975 108 126 264 76 68 84 230 103 239 144 248 323 265 197 75 77 77 77 + 11 19 17 - 10.8 1913 34 1913 132 121 92 1913 172 205 143 1913 | 125 120 97 172 57 + 31.2 + 68.9 100 + 0.4 3.0 29 - 49.3 + 6.2 i 1,993 .858 1,154 .809 5,480 1.647 59,254 Total grain exports, incl. flour thous. of bush.. Carloadings of grain and grain products cars.. 42,032 c Revised figure. 36,508 50,460 42,293 40,235 421,796 417,953 30,165 - 49.1 1913 1913 !3,645 3,546 1,291 251 259 139 446 1,286 135 126 745 - 42.1 127 - 5.7 132 176 + 26.3 129 + 20.1 Total Grains. 534,192 + 26.6 207 204 1913 1919 103 528,790 + 26.5 •Average for fiscal year ending June 30,1914. 191 130 139 108 27 TREND OF BUSINESS MOVEMENTS—Continued. INDEX NUMBERS. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of 1920 1921 Percentcrease 1922 age in- 1921 BASE YEAR OR or de- PERIOD. the SURVEY (NO. 6). Dec. Jan. FOODSTUFFS—Continued. Other Crops. Apples-cold-storage holdings thous. of bbls.. Cattle and Beef. Receipts, primary mkts thousands.. Shipments, primary mkts thousands.. Shipments, stocker and feeder thousands.. 245 Slaughter thousands.. 740 Exports of beef products .thous. of lbs.. 9,420 Cold-storage holdings of beef thous. of lbs.. 84,808 Inspected slaughter production thous. of lbs.. 341,040 Apparent consumption* thous. of lbs.. 330,505 Prices, cattle, corn-fed, Chicago, .dolls, per 100 lbs.. 8.219 Beef, fresh, native steers, Chicago* dolls, per 100 lbs.. Steer, rounds, No. 2, Chicago *.. dolls, per 100 lbs.. Oct. Nov. j Dec. I Jan. from Dec. 1919 368 294 207 136 ! 313 248 - 20.7 1919 1919 1919 1919 1913 1919 1913 1919 1913 73 63 69 111 59 108 70 142 68 46 87 182 59 113 82 116 112 134 141 94 94 27 125 93 104 94 112 113 82 74 33 114 83 101 1913 1913 171 142 134 122 127 133 87 127 83 126 140 58 120 197 154 158 81 111 146 86 102 60 78 121 99 188 45 95 162 99 109 44 93 110 118 175 43 82 121 105 148 47 84 130 133 170 51 81 95 + 15.1 - 1.5 - 4.9 + 25.3 - 3.3 - 7.9 - 0.8 119 90 - 6.1 9.3 Hogs and Pork. Receipts, primary mkts thousands.. Shipments, primary mkts thousands. Shipments, stocker and feeder '. .thousands. Slaughter thousands. Exports, pork products thous. of lbs. Inspected slaughter production thous. of lbs". Apparent consumption* thous. of lbs. Cold-storage holdings, pork products, thous. of lbs. Prices, hogs, heavy, Chicago.... dolls, per 100 lbs. Pork, loins, fresh, Chicago* dolls, per lb. 3,911 4,278 1,787 1,765 27 35 2,484 2,137 106,440 127,623 642,093 474,981 462,637 542,604 6.744 7.765 .141 .160 41,050 - 3.3 4,700 42,437 14,698 - 3.8 1,666 15,280 498 - 31.8 43 730 26,316 - 2 . 9 3,032 27,111 161,694 1,532,583 1,659,696 + 8.3 663,404 6,459,431 6,735,565 + 4.3 153,860 4,995,360 5,213,229 + 4.4 734,659 9.305 .218 1919 1919 1919 1919 1913 1913 1919 1919 1913 1913 114 150 36 98 156 + 9.4 + 1.2 - 22.9 + 16.2 + 19.9 59 + 17.3 93 + 15.1 108 + 13.5 Sheep and Mutton. Receipts, primary mkts thousands. Shipments, primary mkts thousands. Shipments, stocker and feeder thousands. Slaughter thousands. Cold-storage holdings,lamb and mutton thous. of lbs. Prices: Sheep, ewes, Chicago dolls, per 100 lbs. Sheep, lambs, Chicago dolls, per 100 lbs. Dairy Products. Condensed and evaporated milk: Exports thous. of lbs. Imports thous. of 1 bs. Exports, dairy products thous. of lbs. Receipts at 5 markets: • Butter thous. of lbs. Cheese thous. of lbs. Eggs thous. of cases. Cold-storage holdings: Creamery butter thous. of lbs. American cheese thous. of lbs. Case eggs thous. of cases. Wholesale prices at 5 markets: Butter dolls, per lb. Cheese dolls, per lb. 1,664 881 202 804 | | ! I 1,835 1,792 687 887 88 183 1,101 925 23,504 12,523 5,171 10,984 24,097 11,306 3,129 12,823 + 2.5 -9.7 - 39.5 + 16.7 1919 1919 1919 1919 59 45 85 79 57 15 104 133 138 126 124 6,444 i 3,930 78,082 1919 674 810 82 3.781 | 5.260 10.500 ! 12.170 3.450 10.925 1913 1913 76 149 74 140 62 109 22,238 i 18,352 1 None... 23,409 20,026 30,192 163 31,987 411,020 23,756 444,774 289,678 12,164 333,856 37,172 j 41,697 11,237 I 10,684 538 ! 805 30,939 11,387 648 I 471,232 165,774 12,322 569,367 + 20.8 178,625 + 7.8 14,748 + 19.7 48,411 j 35,042 27,691 | 21,430 179 41,486 I 25,000 I 43 ! 1916-20 1916-20 1916-20 104 I 74 92 '; 67 .365 .502 | .293 I 1919 1919 89 j 85 80 : 94 .435 j .206! 29.5 • 48.8 24.9 1919 1919 1913 1919 1919 1919 94 73 81 + 73 j 73 + 35 I 32 76 | 88 + ! 77 I 47 - 10.3 0.7 9.4 15.0 39.0 59 81 ; 112+ 39.1 112 I 135 156 + 15.9 45 26 31 26 - 17.5 3 I (») ; 0 3 1,748 1,009 1,237 1,058 - 14.5 95 101 62 57 ! 72 j 30 j 11 I 1 45 91 + 12.2 - 4.9 + 49.6 74 24 - 27.6 58 - 22.6 ; — 79. 9 76 ! 73 71 I 66 62 i - 16.1 67 ! + 1.5 81 81 116 i 116 119 78 92 j 65 j Fats and Oils. Total vegetable oils: Exports Imports Oleomargarine consumption Cottonseed stocks T Index number less than 1. thous. of lbs. 12,529 12,114 thous. of lbs. 31,785 49,060 thous. of lbs. 19,411 16,887 tons. 618,173 418,349 263,566 + 30.2 71,291 | 202,402 323,529 - 44.8 21,251 i 585,895 22,688 I 359,966 i 210,210 - 41.6 484,832 |. 1913 1913 1913 1919 150 95 201 116 | \ 245 37 I 37 127 225 i 99 ! 191 181 148 143 149 ! 95 43 149 164 121 42 229 142 82 + - 3.3 54.3 13.0 32.3 28 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY ( N O . 6). J N D E X NUMBERS. Per- ! mtage: CUMULATIVE TOTAL Dec., 1921 Jan., 1922 Corres- FOR CALENDAR YEAR. ponding month, Dec., 1920, or 1920 1921 Jan., 1921. 920 >rdesrease (-) iumuative 1921 from 1920. 1921 1921 1922 YEAR OR PERIOD. Percentage increase or decrease Dec. Jan. Oct. Nov. Dec. Jan. from Dec. FOODSTUFFS—Continued. F a t s a n d Oils—Continued. Cottonseed oil: Stocks thous. of lbs.. Production thous. of lbs.. Price, New York dolls, per l b . . Following figures are quarterly.* Crude vegetable oil:* Production thous. of lbs.. Consumption thous. of lbs.. Stocks thous. of lbs. Refined vegetable oil:* Production thous. of lbs.. Consumption thous. of lbs.. Stocks thous. of lbs.. Cottonseed oil—crude:* Production thous. of lbs.. Consumption thous. of lbs.. Stocks thous. of lbs.. Peanut oil—crude and virgin :* Production thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. Coconut or copra oil—crude:* Production thous. of lbs Consumption thous. of lbs. Stocks thous. of lbs. Corn oil—crude:* Production thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. Linseed oil:* Production thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. Fish oil:* Production thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. Animal fats:* Productions thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. Greases:* Production thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. Derivatives:* Production thous. of lbs. Consumption thous. of lbs. Stocks thous. of lbs. LOO, 167 j 98,295 [31,961 I 100,706 166,710 171,887 .084 1,141,609 1,285,143 12.6 325,521 710,468 326,390 i 612,525 253,595 363,313 766,481 1,899,104 2,017,272 628,997 2,044,481 2,016,133 444,688 | 179,066 448,890 305,542 233,124 126,385 497,967 303,342 333,517 1,378,299 1,419,041 + 1,054,449 1,134,917 + 142,990 491,979 128,850 418,473 • 50,576 100,167 594,291 455,021 156,801 1,141,390 1,271,029 + 11.4 1,133,401 1,295,760 + 14.3 «9,833 • 13,354 8 8,121 10,442 7,635 12,080 15,498 21,989 34,439 • 64,992 « 77,219 35,588 61,802 79,667 25,004 «19,568 8 7,335 107,716 8 65,324 8 23,384 17,139 8 53,637 6.2 1.4 3.0 7.6 1919 1919 1913 172 285 122 1919 1919 1919 8 43 s 44 1919 1919 1919 829 880 132 167 164 - 1.9 202 | 154 - 23.7 115 118 + 3.6 56 51 50 123 +118.3 107 85 118 38 85 45 +150.7 •65 96 + 87.7 72 + 43.3 - 23.7 +143.9 1919 1919 1919 8 19 8 30 166 138 141 40 39 45 138 +244.1 127 +224.8 90 + 98.1 13,085 85,067 38,733 +196.0 42,554 - 50.0 1919 1919* 1919 «16 •54 8 138 28 29 91 45 25 34 48 + 6.2 14 - 42.8 50 + 48.8 26,882 66,499 84,009 131,218 294,098 112,989 - 13.9 241,096 - 18.0 1919 1919 1919 8 62 853 •65 50 63 54 64 62 50 66 + 59 51 + 27,779 23,135 9,726 13,256 14,153 5,537 98,618 89,634 1919 1919 1919 • 116 8 113 885 54 103 87 91 114 + 11.1 137,528 68,861 123,391 120,502 40,731 104,111 485,273 214,204 1919 1919 1919 8 111 8 121 8 118 106 86 159 95 138 106 121 + 27.7 5.4 146 + 22,952 36,450 44,093 15,612 10,153 60,310 66,027 48,185 1919 1919 1919 8 319 •91 8 111 190 104 135 284 175 120 279 - 1919 1919 1919 8 94 8 111 8 118 109 96 103 114 106 13' 127 + 10.8 1919 1919 1919 8 102 98 119 68 135 1919 1919 1919 8 87 8 93 8 78 105 81 90 1919 1919 8 10 8 12 12 ! 10 1919 1919 8 61 8 31 49 ! 30 1919 1919 «112 M9 87,481 - 11.3 71,946 - 19.7 482,812 - 0.5 238,824 11.5 49,959 - 24.3 78,236 + 62.4 419,742 465,024 I 401,499 | 1,642,704 1,893,405 + 15.3 153,237 153,434 138,737 597,103 616,067 + 3.2 167,542 142,090 8 77,492 •42,174 8 99,407 85,794 54,657 81,728 82,884 35,204 90,892 345,534 201,091 193,489 141,169 411,036 191,771 185,571 278,824 170,141 164,487 1,137,913 816,156 short tons. short t ons. 8 1,584 8 970 2,992 1,564 short tons. short tons. 8 26,382 8 10,849 26,776 6,705 20,591 i 101,104 6,606 | 84,643 - short tons. sh ort tons. 8 35,012 8 370 38,242 576 20,323 382 145,578 123,32C - 341,030 180,598 - 1.3 10.2 1,361,298 + 19.6 735,055 9.9 3.3 4.9 3.2 103 + 18.2 121 + 32.6 189 + 77.3 1.8 372 +112.7 99 - 17.8 106 + 0.1 121 — 11.4 111 82 148 123 10.7 162 93 77 155 - 4.4 - 0.9 106 + 29.6 121 - 17.8 10; !+ 31.5 Oil, Seed, and Nuts. Reported quarterly. Peanuts, hulled:* Consumption Stocks Copra:* Consumption Stock Corn germs: * Consumption S tocks , • Previous quarter, Oct. 1. 4,218 1,064 ! 11,919 11,723 - 1.6 16.3 15.3 55 45 + 88.9 + 61.2 63 - 38.2 +. 9.2 !+ 55.7 29 TREND OF BUSINESS MOVEMENTS—Continued NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY (NO. 6). ( } t CUMULATIVE TOTAL Dec, 1921 Corres- FOR CALENDAR YEAR. or deponding crease month, (-) Dec, cumu1920, lative or 1921 1920 1921 Jan., from 1921. 1920. Jan., INDEX NUMBERS. Percentage increase 1920 1921 1922 1921 BASE YEAR OR PERIOD. Percentage increase or deTease Dec. Jan. Oct. Nov. Dec. Jan. Jan. from Dec. FOODSTUFFS-Continued. Oil, Seed, and Nuts—Continued. Flaxseed:* Consumption Stocks short tons.. 8162,747 211,086 short tons.. 853,354 95,662 177,561 115,302 717,528 Imports, raw. long tons. - 176,457 314,939 Meltings, raw long tons.. 254,135 291,601 Stocks, raw long tons.. 62,419 85,602 Exports, refined long tons.. 31,817 63,765 Prices: Wholesale, 96° centrifugal, N. Y.dolls. per lb.. .036 .037 Wholesale, refined, N. Y dolls, per lb.. .048 .050 Retail, average 51 cities index number.. 113,618 130,610 105,275 25,583 3,590,322 4,061,163 728,729 4- 1.6 1919 1919 •106 8 209 1913 1919 1919 1909-13 90 51 104 467 1913 1913 1913 151 190 191 1909-13 103 94 122 + 29.7 353 179 320 + 81.0 65 92 118 100 179 + 78.5 40 85 82 78 90 + 14.7 110 75- 86 65 90 + 37.1 Sugar. 412,450 2,750,591 3,598,693 23.4 11.4 416,872 1.1 .054 .076 585 573 1,077 2,159 +100.4 153 119 117 106 104 - 2.7 177 122 121 117 112 - 4.0 176 125 122 118 113 - 4.2 96 147 103 165 202 158 - 21.9 76 86 146 75 75 77 79 78 - 87 62 85 73 - 14.2 120 117 110 123 111 - 100 107 116 96 127 + 32.2 151 171 199 110 127 + 15.2 112 112 135 85 - 37.6 326 231 + 23.7 124 103 - 16.8 Coffee. Imports Visible supply: World United States Receipts, total, Brazil Clearances: Total Brazil for world Total Brazil for U. S thous. of lbs.. 152,776 1,297,414 1,343,499 + 3,6 119,353 110,956 9,002 1,619 1,148 10,286 12,773 + 24.2 1913 1913 1913 594 11,325 6,253 12,034 + 6,151 - 1913 1913 94 172 3,247 90,808 76,488 - 15.8 1909-13 51 25,035 38,772 443 3,706 34,015 32,265 463 3,902 27,153 45,391 7,937 44,622 399,893 467,662 1913 1913 1913 1909-13 80 217 48 145 8 1,136 8 338 81,547 1,175 313 1,562 1,062 297 1,447 1913 1913 1913 8 105 8 90 8 103 27.50 27.50 32.50 1913 246 thous. of bags.. thous. of bags.. thous. of bags.. 9,263 1,616 1,171 9,234 1,387 1,064 thous. of bags.. 952 433 1,259 thous. of bagsthous. of lbs.. 11,162 6.3 1.6 0.3 9.1 Tea. Imports TOBACCO. Production: Large cigars millions.. Small cigarettes millions.. Manufactured tobacco and snuff.thous. of lbs.. Exports, unmanufactured leaf thous. of lbs.. Stocks (reported quarterly): Chewing, smoking, snuff and export mills, of lbs.. Cigar tobacco .mills, of lbs.. Total, including imported mills, of lbs.. Price, wholesale, Burley, good leaf, dark red Louisville dolls, per 100 lbs.. 464 6,797 50,835 386,499 515,353 - 14.4 + 13.9 -3.3 + 10.2 73 101 301 377 73 70 - 4.5 + 35.9 73 101 149 138 131 140 145 + 3.4 80 91 85 - 7.4 117 125 127 + 1.0 246 208 208 208 0.0 85 87 1.4 41 42 5.1 23 23 0.0 39 40 4.0 2 2 0.0 1.1 208 FOREIGN EXCHANGE RATES. Europe: England dolls, per £ sterling.. France dolls, per franc.. Italy dolls, per lire.. Belgium dolls, per franc.. Germany dolls, per mark.. Netherlands dolls, per florin.. Sweden dolls, per krone.. Switzerland dolls, per franc.. Asia: Japan dolls. per yen.. India dolls, per rupee.. Americas: Canada dolls, per Can. doll.. Argentina dolls, per gold peso.. Brazil dolls, per milreis.. Chile dolls, per paper peso.. General index of for. exchange index number.. 4.16 .078 .044 .075 .005 .363 .245 .194 4.22 .082.044 .078 .005 .367 .249 .194 3.74 .064 .035 .068 .016 .329 .214 .157 Par Par Par Par Par Par Par Par val. val. val. val. val. val. val. val. 72 31 18 32 6 77 73 80 .479 .274 .476 .278 .487 .286 Par val. Par val. 101 55 .928 .748 .127 .108 .948 .772 .126 .101 .876 .794 .151 .143 Par Par Par Par Par 90 91 92 93 1.6 100 101 0.0 96 96 56 57 to » Previous quarter, Oct. 1. 91396—22——5 79 val. val. val. val. val. 59 + 2.2 80 + 3.2 39 0.8 95 78 0.6 1.5 - 55 52 - 6.5 55 59 + 7.3 30 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY ( N O . 6). INDEX NUMBERS. Percentage increase 1920 1921 CUMULATIVE TOTAL Dec., 1921 Corres- FOR CALENDAR YEAR. or deponding month, Dec., cumu1920, lative or 1921 1920 1921 Jan., from 1921. 1920. Jan., 1922 1921 1922 BASE YEAR OR PERIOD. Percentage in (+) ordeDec. Jan. Oct. Nov. Dec. Jan. () Jan. from Dec. TRANSPORTATION—WATER. Canal Cargo Traffic. Panama Canal: American vessels British vessels Total cargo traffic thous. of long tons.. thous. of long tons.. thous. of long tons.. 343 349 953 473 335 1,077 5,509 3,306 10,808 4,562 - 17.2 3,434 + 3.9 10,647 - 1.5 1915 1915 1915 259 257 264 250 230 274 210 200 242 188 190 234 213 67 106 232 79 119 217 71 109 175 76 104 216 83 120 Vessels in Foreign Trade. Entered in U. S. ports: American Foreign Total Cleared from U. Syports: American Foreign Total thous. of net tons.. thous. of net tons.. thous. of net tons.. 2,553 2,306 4,859 1,963 1,931 3,894 2,506 2,199 4,705 32,131 32,001 64,131 31,099 - 3 . 2 31,078 - 2.9 62,178 - 3.0 1913 1913 1913 thous. of net tons.. thous. of net tons.. thous. of net tons.. 2,434 2,586 5,021 2,051 1,935 2,191 2,455 4,646 34,037 33,792 67,830 30,086 - 11.6 32,448 - 4.0 62,537 - 7.8 1913 1913 1913 297 46 261 53 1,067 1920 1919 191,707 132,174 221,614 145,913 470,516 330,681 179,219 90,685 324,186 1919 1919 1919 182 23 108 24 546 37 36 110 642 313,190 331,050 683 734 25,707 306 108 810 213,180 684 34,722 1919 1919 1919 1913 1919 1919 4 51 16 127 98 105 1913 1913 1913 1913 1913 1913 219 200 216 281 17 168 (10) 169 1921 1914 1915 106 113 104 1 100 99 98 100 95 241 272 241 217 224 224 78 82 411 63 58 412 129 167 - 23.1 59 - 16.3 - 19.9 220 195 164 - 15.7 60 - 25.2 68 80 - 20.6 110 I 112 Ship Construction. Vessels under construction.. .thous. of gross tons.. New vessels completed thous. of gross tons.. 32 14 - 12.1 + 15.2 28| 18 i TRANSPORTATION—RAIL. Freight Cars. Surplus: Box number.. Coal. number.. Total number.. Shortage: Box number.. Coal number. Total number. Bad-order cars, total number. Car loadings, total thous. of cars. Freight carried mills, of ton-miles. 448,942 344,470 — £o. o I ! 139 ! 233 j 161- 31.1 176 I 293 I 193- 34.2 149 ! 248 | 175- 29.7 218 120 171 43 42 3 141 85 90 28 103 46 241 116 111 - 2.7 +483.6 229 j 212 219 + 5.7 92 + 7.5 94 85 88 ! 78 226 154 210 219 176 175 193 i 163 j 144 154 i 182 167 192 111 86 ! 179 ! I (7) j Railroad F i n a n c e . Revenue: Freight Passenger Total operating Operating expense Net operating income Receipts per ton-mile thous. of dolls., 288,762 thous. of dolls., 88,671 thous. of dolls.. 425,022 thous. of dolls.. 348,880 thous. of dolls. 51,588 dolls, per ton-mile. 386,564 114,830 550,580 510,769 3,302 4,323,650 3,918,700 - 9.4 1,287,423 1,153,752 - 10.4 6,225,417 5,563,232 - 10.6 5,830,327 4,597,479 - 21.1 58,152 614,811 +957.2 184 183 184 244 I LABOR. Number employed: United States (1,428 firms) thousands. New York State thousands. Wisconsin index numbers. Total pay roll: New York State thous. of dolls. Wisconsin index number. Av. weekly earnings, Wisconsin, .index number. Unemployment, Pennsylvania* number. Immigration number. Emigration number. Postal savings thoui. of dolls. 1,493 471 11,744 11,330 321,893 313,835 30,897 22,633 34,130 15,585 146,500 144,700 * December index number less than 1. 1,557 464 9 1,628 467 12,894 75,384 29,447 163,656 917,616 422,517 Very large increase. 693,653 413,551 24.4 2.1 w Deficit. 1914 i 1915 i 1915 1921 1913 1913 1913 11 195 183 194 105 39 76 101 94 96 99 95 100 j+ 4.3 97 j- 1.5 j 198 183 193 122 26 67 369 191 j- 3 . 5 180 191 102 38 58 372 First quarter of year. 119 I - 2 . 5 19 j - 26.7 31 !- 54.2 364 1- 1 . 3 31 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked wth an as terisk (*) have not been published oreviiously u1 the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletiiI. For detailed tables covering other items, see jprevious issue of the SURVEY (NO. 6). PRICE INDEX NUMBERS. Farm price: Crop index number. . index number.. Live stock Wholesale prices: Department of LaborFarm products index number.. index number.. Food, etc .index number.. Cloths and clothing.. .index number.. Fuel and lighting Metal and metal products .index number.. Building and building material index number .index number.. Chemicals and drugs House furnishing goods.. .index number.. Miscellaneous index number index number All commodities Federal Reserve Board: (I>ept. of Labor prices)— Agricultural products.... i index number Animal products .index number Forest products .index number . Mineral products index .number Total raw products index number Producer's goods .index number index number Consumer's goods indp.x niTmb«r All commodities Federal Reserve Board i n d e x Goods imported index number Goods exported .index number indp.T nnmhp.r All commodities Dun's .index number Bradstreet's . indAY tin m hp.r Retail uricps food Cost of living: Bureau of Labor statistics (quarterly)— Food indp.v rmmhp.r index number Clothing FTonsinfiT index number index number Fuel and light Furniture and house f i lrnishincs index number indpx n u m b e r indpx nnTTiber Total Nat'l. Indus. Conf. Boardindex number Food Shpltpr Clothing index number Fuel and light index number inde^ mimhpx Sundries All items weighted Foreign wholesale prices: TTnifpd T^irmrdom itidpx number index number France index number Italy index number Gcrmanv \ n d p.x TVI i m hp.r Canada .index number.. Australia India .index mimber.. Japan INDEX NUMBERS. Percentage increase Jan., 1922 Dec., 1921 or decrease cumulative 1921 from 1920. 1922 1921 1920 1921 CUMULATIVE TOTAL Corres- FOR CALENDAR YEAR. ponding month, Dec, 1920, or 1921 1920 Jan., 1921. BASE YEAR OR PERIOD. Percentage increase or decrease Oct. Nov. Dec. Jan. Dec. Jan. 1913 129 123 98 98 98 100 1913 121 120 98 92 91 95 1913 . 144 136 119 1913 172 162 142 1913 220 208 190 1913 236 228 182 1913 157 152 121 114 142 186 186 119 113 139 185 187 119 116 134 183 183 117 1913 266 239 192 1913 188 182 162 1913 346 283, 218 1913 205 190 145 197 162 218 145 203 161 218 148 202 159 214 146 1C13 189 177 150 149 1913 155 155 134 1913 132 119 105 1913 283 245 193 1913 224 .220 176 1913 187 175 145 1913 175 169 133 1913 196 182 158 1913 189 177 150 1913 112 114 107 1913 146 142 141 1913 173 163 141 1913- 164 154 1913 137 134 1913 178 172 from Dec. + + 2.0 4.4 + -3 - 1 -1 2.7 .6 . 1 2.1 .7 149 -1 -1 14* — 0.5 1.2 .8 .4 0.7 129 103 200 178 145 130 157 149 129 102 208 178 146 130 155 149 129 107 207 176 147 127 151 148 + 0.0 4.9 - 0.5 135 108 138 140 136 111 136 138 136 110 - 0 . 9 135 - 0 . 7 0.0 138 0.0 136 123 123 123 124 + 0.9 153 152 150 142 - 5.3 - 5.3 - 1 . 1 + 0.7 - 2 . 3 - 2.6 - 0 . 7 1913 178 153 150 1913 1913 259 151 192 184 160 1913 195 181 161 181 1913 285 225 1913 208 208 1913 200 177 Jy., 1914 178 172 152 152 150 142 Jy., 1914 166 166 169 169 169 169 0.0 Jy., 1914 187 174 161 Jy., 1914 200 198 179 Jy., 1914 192 190 178 Jy., 1914 181 176 163 157 179 178 163 156 178 178 161 156 177 177 158 - 0.6 0.6 1.9 1913 220 209 170 1913 435 407 331 655 642 • 599 1,083 1,473 2,687 218 207 174 t j ! 1913 1913 1913 214 1913 197 196 156 1913 180 178 184 1913 206 201 219 208 169 162 159 166 332 326 314 595 595 3,283 3,467 3,814 168 168 170 151 148 180 180 214 209 205 - 0.0 1.9 3.7 + 10.0 1.2 - 1.9 32 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of (+ J CUMULATIVE TOTAL Corres- FOR CALENDAR YEAR. Dec., 1921 Jan., 1922 the SURVEY ( N O . 6). ponding month, Dec, 1920, or Jan., 1921. I N D E X NUMBERS. Percentage increase or deerease (-) cumulative 1921 from 1920. 1921 thous. thous. thous. thous. thous. thous. thous. thous. thous. thous. thous. 21,320 15,598 5,722 14,227 8,336 3,215 898 1,773 2,759 5,902 859 366,939 254,605 112,334 235,500 140,914 51,245 14,368 28,973 42,846 79,628 9,872 253,972 178,015 75,957 246,819 147,645 55,859 14,406 28,909 46,642 77,852 10,551 30.8 30.1 32.4 4.8 4.8 9.0 0.3 0.2 8.8 2.2 6.9 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 1913 38,353 27,583 1,145,455 248,258 j 34,855 I 17,593 j 1,026,088 I 249,126 -9.1 - 36.2 - 10.4 + 0.3 1921 Percentage increase (+) or decrease Dec. Jan. 1920 DISTRIBUTION MOVEMENT. Mail-order houses, total sales Sears, Roebuck & Co Montgomery Ward & Co Chain stores, total sales d F. W. Woolworth Co S. S. Kresge Co McCrory Stores Corp S. H. Kress & Co J. C. Penney Co •. United Cigar Stores Co Owl Drug Co... American Wholesale Corp., total sales Magazine advertising Newspaper advertising Postal receipts 1920 1921 BASE YEAR OR PERIOD. 1922 Oct. Nov. i Dec. Jan. Jan. from Dec. i of dolls.. of dolls.. of dolls.. of dolls.. of dolls.. of dolls.. of dolls.. of dolls.. of dolls.. of dolls.. of dolls., 24,506 17,081 7,425 40,052 24,155 8,686 2,456 4,755 4,938 8,370 1,108 19,782 14,188 5,594 15,720 9,520 3,598 970 1,632 2,165 5,403 thous. of dolls. thous. of lines.. thous. of lines. thous. of dolls. 1,831 1,112 94,257 26,678 3,133 1,383 3,240 1,580 20,903 20,007 259 241 304 452 390 708 508 491 195 196 173 179 151 291 201 197 12,333 1,255 218 229 194 214 I 203 218 229 230 224 274 296 502 238 261 438 461 470 786 278 271 | 546 304 266 I 530 2,422 2,220 J2,245 277 249 ! 340 290 261 ; 331 358 381 239 1913 1913 1919 1919 130 120 116 136 237 1919 94 94 93 1919 1913 1913 1913 98 70 11,544 711 98 94 93 324 570 1919 1919 114 113 264 129 101 109 253 124 116 118 198 116 112 118 181 - 19. 3 178 - 1 6 . 9 24.7 197 - 60.8 60.6 172 326 - 58.6 60.5 216 65.7 182 984 - 56.2 35.4 219 28.0 246 • 134 229 + 71.1 113 + 24.4 \ 91 | 112 ! 145 114 - 21.6 i PUBLIC FINANCE. U. S. interest-bearing debt mills, of dolls.. 23,189 Liberty and Victory Loans and war savings securities mills, of dolls.. 19,408 Customs receipts thous. of dolls.. 26,155 Ordinary receipts thous. of dolls.. 740,293 Ordinary disbursements thous. of dolls.. 329,766 Money held outside U. S. Treasury and Federal Reserve system: Total mills, of dolls.. 4,553 Per capita dollars.. 41.85 23,152 23,756 19,372 27,251 191,001 231,247 20,228 25,925 217,328 388,179 4,707 43.22 5,501 51.29 20,575 17,554 19,065 16,642 20,033 18,604 241,045 | 240,804 | 207,095 - 14.1 191,361 - 20.5 1919 1919 18,476 12,994 17,296 11,577 18,573 13,550 243,135 ! 189,115 192,106 - 21.0 145,012 - 23.3 1913 1913 236 1,180 2,443 2,992 1,765 850 2,184 3,059 1,779 2,456 3,091 2,320 1,808 191!) 1919 1919 1919 127 14,780 10,174 14,534 10,271 16,263 10,643 1919 1919 107 5.10 5.13 4.56 4.90 6.69 7.81 1913 1913 210 135 165 97 165 662 483 827 127 538 258 665 142 487 526 629 1913 1913 192 128 199 j 191 177 153 (12) (12) 331,231 305,475 - 7 . 8 6,432,072 j 4,971,877 - 22.7 5,064,472 I 4,445,821 - 12.2 360 394 535 92 92 - - 0.2 : 94 4.2 ; 98 103 1,227 317 - 74.2 j 590 406 - 29.9 + 3.4 + 3.3 94 92 ! 112 112 0.2 BANKING AND FINANCE. Banking. Debite to individual accounts: New York City mills, of dolls.. Outside New York City . .mills, of dolls.. Bank clearings: New York City mills, of dolls.. Outside New York City mills, of dolls.. Federal Reserve banks: Bills discounted mills, of dolls.. Notes in circulation mills, of dolls.. Total reserves mills, of dolls.. Total deposits mills, of dolls... Federal Reserve member banks: Total loans, rediscounts, and investments mills, of dolls.. Net demand deposits mills, of dolls.. Interest rates: New York call loans per cent.. Commercial paper, 60-90 days per cent.. 106 221 118 106 93 87 95 86 101 85 I 100 203 209 213 201 68 92 134 90 66 90 137 90 234 212 159 90 7.3 5.2 219 - 6.4 189 - 10.9 i 61 44 - 28.0 | 93 83 - 10.fi ! 137 140 + 2.2 ! 91 92 + 0.8 98 97 ; 101 94 95 - 98 | 96 I 160 89 96 97 + 1.7 1.0 143 - 10.6 85 — 4.5 Life Insurance. (New business.) Policies: Ordinary * Industrial * Group * Total insurance Amount of insurance: Ordinary * Industrial * Group * Total insurance* thous. thous. number thous. of policies.. of policies.. of policies.. of policies.. thous. thous. thous. thous. of of of of dolls.. 410,405 305,081 ; 333,206 dolls.. 126,646 103,725 |; 93,357 dolls.. 25,388 13,287 j 5,974 432,537 dolls.. 568,439 422,093 | |j|432,537 1,879 6,600 4,418 8,484 : 4,331,945 1,257,759 88,019 5,668,722] 5,668,722 (12) 1913 139 181 1913 1913 1913 1913 254 180 413 i 234 250 279 297 i * Includes Woolworth, Kresge, McCrory, and Kress only. 18 Index number not computed; would show a very large increase over 1913, due to recent growth of this form of insurance ! 223 ; 1 7 2 > — 174 ! 142 ; («) !(12) 159 183 ! 147 - 23.0 18.7 46.6 19.6 244 317 210 244 ! 232 jl,757 234 i 3 0 8 i 26.7 18.1 47.7 25. 7 (12) 232 200 920 229 ;- 33 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY ( N O . 6). INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL Dec., 1921 Corres- FOR CALENDAR YEAR. ponding month, Dec., 1920, or 1920 1921 Jan., 1921. Jan., 1922 or decrease (-) cumulative 1921 from 1920. BASE YEAR OR PERIOD. 1920 1921 1921 Percentage in 1922 crease or decrease Dec. Jan. Oct. Nov. Dec. Jan. from Dec. BANKING AND FINANCE—Continued. Business Finances. Business failures: Firms number. Liabilities thous. of dolls. Dividend and interest payments, .thous. of dolls. U. S. Steel Corporation's earnings..thous. of dolls. New capital issues: Corporations thous. of dolls. State and municipalitiesPermanent loans thous. of dolls. Temporary loans thous. of dolls. New incorporations mills, of dolls. Telephone earnings: Total operating revenue thous. of dolls. Net operating incomes thous. of dolls. Credit conditions: Orders per ct. of total transactions. Indebtedness per ct. of total transactions. Payments per ct. of total transactions. 2,444 87,502 359,800 4,967 2,723 73,796 169,815 318,335 1,895 52,137 165,720 12,099 8,881 19,652 +121.3 295,121 627,401 +112.6 3,414,975 3,549,965 + 4.0 177,173 92,708 - 47.7 1913 1913 1913 1913 114 259 244 106 142 229 112 126 128 234 167 72 149 235 218 51 183 385 243 40 204 + 11.4 325 - 15.7 115 - 52.8 209,662 || 257,423 3,106,630 15.2 1913 173 188 75 187 232 153 - 34.1 313,746 51,075 619 75,928 ;| 76,181 13,228 ;! 60,586 844 | 1,243 773,665 664,087 14,999 1,420,616 + 83.6 762,037 + 14.7 7,959 - 46.9 1913 1913 1913 240 134 500 •224 150 722 371 148 292 381 115 214 921 127 359 223 - 75.8 33 - 74.1 490 + 36.3 37,871 6,398 32,903 5,983 374,938 435,177 + 16.1 65,575 90,871 + 38.6 1913 1913 251 162 262 173 220 287 220 172 101 89 105 90 93 109 91 92 - 0.8 109 + 0.2 91 - 0.4 2,634,869 - 17.5 37.8 52.5 1916 1916 1916 74 108 50.3 25.4 42.3 50.1 63 97 95 dolls, per share. dolls, per share. 81.55 54.80 82.91 |j 54.20 jj 85.04 54.62 1913 1913 144 64 146 130 64 135 140 143 + 1.7 65 thous. of shares. 17,622 23.7 1913 344 231 186 221 255 222 1,388,237 + 30.6 1919 1919 1919 199 171 178 157 77 95 166 92 109 257 91 129 265 93 132 74.92 60.89 51.41 58.81 60.41 5.05 1915 1915 1915 1915 1915 1913 79 77 68 79 75 114 79 113 83 83 75 73 78 112 88 87 77 79 81 101 91 89 80 77 84 98 138,847 131,659 2,852 I 1,409 1913 1913 « 184 13 199 12 199 + 0.4 26 +109.4 106,061 i 94,520 1,379 I 1,256 21.44 25.17 1913 1913 1913 3 216 254 137,901 1,547 1913 1913 13 252 2,180 ! 26,571 | 863 | 38,145 2,725 6,498 3,977 .655 35.035 4,825 6,691 .660 39.985 2o.5 42.2 Stocks and Bonds. Stock prices, closing: * 25 industrials, average * 25 railroads, average * Stock sales, N. Y. Stock Exchange Bond sales: Miscellaneous Liberty-Victory Total Bond prices: Highest-grade rails Second-grade rails Public utility Industrial Combined price index Municipal bond yield - 1.1 15,394 | i 15,976 224,733 171,440 - - 12.6 thous. of dolls. thous. of dolls. thous. of dolls. per per per per per ct. of par. ct. of par. ct. of par. ct. of par. ct. of par. per cent. 219,342 408,222 81.62 67.59 59.12 54.22 64.10 4.38 191,216 i 112,065 1,062,753 228,613 11 181,421 2,824,870 419,829 11 293,486 3,887,623 83.23 |; 68.46 j| 61.07 11 71.63 j| 70.22 | j 4.41 \\ 2,077,554 3,465,791 - 26.5 10.9 97 + 1.2 136 + 4.2 + + 91 + + 102 + 91 + + 2.8 2.0 1.3 3.3 32.1 9.5 0.7 Corporation Stockholders. ( The following figures are quarterly.) Pennsylvania Railroad Co.: * Domestic* number. "138,243 Foreign* number. 18 1,362 U. S. Steel Corp., common stock: * Domestic * number. «105,355 Foreign * , number. " 1 , 3 6 8 Shares held by broker * per cent of total. is 21.49 American Telephone and Telegraph Co.: * Domestic * number. 13172,970 Foreign * number. 13 2,146 Gold and Silver. Gold: Rand output* thous. of ounces. Imports thous. of dolls. Exports thous. of dolls. Silver: Imports thous. of dolls. Exports thous. of dolls. Price at New York dolls, per fine oz. Price at London pence per standard oz. i* Previous quarter ending September 30. 183,676 8,158 31,685 1,950 5,516 7,145 .658 35.645 | | | ' 417,068 322,207 113,617 8,114 0.5 699,999 + 67.8 23,631 - 92.7 63,319 51,577 - 28.1 54.6 13 13 49 42 0.7 256 90 + 0.8 42 0.0 13 113 149 325* 206 345 + 6.2 209 + 1.6 1913 1913 1913 87 841 223 719 1913 1913 1913 1913 155 116 108 152 162 128 110 145 13 84 13 60 96 251 91 119 150 978 8 597 25 500 - 16.1 11 - 55.7 198 185 137 110 129 217 76 110 127 114 141 + 17.8 - 44.3 - 0.5 - 1.7 34 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have not been published previously in the SURVEY or are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed tables covering other items, see previous issue of the SURVEY (NO. 0). INDEX NUMBERS. Percentage increase CUMULATIVE TOTAL Dec, 1921 Jan., 1922 Corres- FOR CALENDAR YEAR. or(+) deponding crease month, (-) Dec, cumu1920, lative or 1921 1920 1921 Jan., from 1921. 1920. 1920 1921 1921 BASE YEAR OR PERIOD. Percentage in1922 |crease or decrease Dec. Jan. Oct. Nov. Dec. Jan. Jan. from Dec. U. S. FOREIGN TRADE. Imports by Grand Divisions. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total Grand total thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. thous. of dolls.. 72,733 11,484 7,372 5,393 24,626 68,113 10,654 7,223 4,590 20,805 59,579 10,012 4,630 thous. of dolls.. thous. of dolls.. 51,747 26,709 thous. of dolls. thous. of dolls. 1,227,843 165,655 94 93 97 101 95 - 6.4 1913 103 92 120 99 92 - 7.2 1913 1913 1913 37 50 39 47 47 - 2.0 102 150 122 117 17,438 37.7 14.3 9.6 17.3 53.5 1913 75,357 513,847 764,942 141,885 80,280 62,290 238,797 85 85 97 109 56,529 25,214 64,179 34,232 1,662,663 611,863 754,727 335,441 54.6 45.2 1913 1913 274 27,106 4,307 22,803 5,229 30,750 5,730 760,999 207,777 295,623 89,926 61.2 71.2 1913 1913 218 thous. of dolls. thous. of dolls. 40,242 thous. of dolls. 6,819 thous. of dollsV 237,373 65,237 27,941 4,513 217,195 49,898 1,476,691 414,579 8,939 150,285 4,391 208,797 5,278,481 653,361 251,268 40,373 2,509,025 55.8 39.4 73.1 52.5 1913 1913 1913 1913 148,939 17,730 23,669 9,266 64,853 325,219 4,466,091 2,363,910 - 47.1 676,191 35,825 224,942 - 66.7 311,437 48,812 372,325 + 19.6 371,762 29,357 215,463 - 42.0 110,794 1,825,033 942,107 - 48.4 1913 1913 1913 1913 1913 311 198 502 186 444 145 175 178 100 - 14.9 92 - 15.5 165 173 159 174 + 9.2 248 243 226 212 !- 5.6 107 162 164 138 - 15.9 141 225 202 245 + 21.4 179 202 300 248 - 17.4 207 273 488 339 - 30.6 143 218 345 228 - 33.8 126 141 159 145 - 157 123 124 119 - 3.9 202 150 134 138 + 2.8 74 81 283 202 229 141 173 123 140 132 - 316 162 154 143 124 116 - 6.5 133 123 104 97 - 7.1 503 529 125 109 138 114 - 14.4 116 111 158 135 - 14.5 550 440 576 316 293 296 340 316 - 6.9 483 502 590 537 - 8.9 173 202 167 134 - 19.8 166 142 143 135 108 222 140 8.5 Exports by Grand Divisions. Europe: Total France Germany Italy United Kingdom North America: Total Canada South America: Total Argentina Asia and Oceania: Total Japan Africa, total Grand total thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. 155,062 17,249 21,786 15,001 296 199 487 282 260 279 166 448 225 90 + 8.6 - 38.2 6.1 thous. of dolls. thous. of dolls. 62,207 j 58,136 35,109 | 32,603 158,528 54,373 1,929,163 971,852 1,129,637 - 41.4 593,675 - 38.9 1913 1913 323 thous. of dolls. thous. of dolls. 16,201 7,235 13,864 6,187 61,430 24,228 623,917 213,726 273,322 - 56.2 110,833 - 48.1 1913 1913 551 ...thous. of dolls. thous. of dolls. thous. of dolls. thous. of dolls. 58,804 30,718 4,031 296,306 38.1 37.7 56.0 45.5 1913 1913 1913 1913 500 352 1,943,862 771,494 711,500 454,824 1,088,020 I 44.0 568,581 26.3 271,175 61.9 245,096 46.1 1913 223 183 132 139 133 119 - 10.3 1913 | 246 203 184 171 162 140 - 13.0 1913 j 207 158 91 128 118 105 - 11.6 1913 | 214 116 111 113 110 - 3.2 1,335,567 50,894 145,654 1,120,732 711,787 ; 46.7 37,458 . 26.4 63,860 56.2 588,581 47.5 1913 I 221 212 142 144 136 144 + 6.4 1913 ! 141 142 128 132 117 105 - 10.2 1913 !J 2 1 1 132 126 121 133 121 I- 9.2 1913 || 230 233 147 149 138 151 9.4 122,988 53,240 107,051 30,245 50,053 26,636 51.9 34.4 59.3 50.0 1913 1913 1913 1913 11 !| ;; | 4,441,657 266,141 3,331 24,933 2,915,258 114,743 1,716 24,662 34.4 56.9 48.5 1.1 1920 1920 1913 1913 67 i| 62 ! ! 46 i 38 ! | I I 54,727 95,201 27,985 22,846 3,232 | 13,893 278,898 654,271 | I | : 1,043,184 645,378 377,942 235,424 165,662 72,869 8,228,016 4,485,123 - 184 506 688 348 TRADE AND INDUSTRY OF FOREIGN COUNTRIES. United Kingdom. Imports (values): Total thous. of £ sterling. I 85,312 76,488 117,051 Food, drink, and tobacco.thous. of £ sterling. .| 39,063 33,972 49,158 Raw material thous. of £ sterling. .1 27,792 | 24,565 37,005 Manufactured articles thous. of £ sterling. J 18,291 ' 17,710 30,467 Exports (values): i Total 92,756 y . . t h o u s . of £ sterling. .j 59,375 63,147 Food, drink, and tobacco.thous. of £ sterling. 3,187 j 2,861 3,852 Raw material thous. of £ sterling. 7,668 7,746 j 7,032 Manufactured articles....thous. of £ sterling. 79,746 47,368 | 51,824 Reexports (values): Total thous. of £ sterling. 9,204 | 8,459 9,955 2,435 ! 2,155 Food, drink, and tobacco.thous. of £ sterling. 2,160 4,263 | 4,015 Raw material thous. of £ sterling. 4,904 Manufactured articles... .thous. of £ sterling. 2,501 | 2,285 2,865 Exports of key commodities (quantities): Cotton piece goods thous. of sq. yds. 330,476 | 339,348 249,613 Woolen and worsted tissues.thous. of sq. yds. 11,574 I 15,813 13,877 Iron and steel. thous. of long tons. 205 i 254 236 4,309 j 4,021 Coal thous. of long tons. 1,700 222,405 139 301 92 154 109 I 101 93 |- 8.1 163 114 | 108 183 162 |- 11.5 92 117 230 I 222 96 90 88 j 84 80 75 102 93 92 67 96 98 63 50 49 52 71 57 38 47 50 61 28 56 59 70 I- 5.8 L 8.6 + |+ |+ L 2.7 36.6 23.9 6.7 35 TREND OF BUSINESS MOVEMENTS—Continued. NUMERICAL DATA. NOTE.—Items marked with an asterisk (*) have , not been published previously in the SURYEY or i are repeated for special reasons; detailed tables covering back figures for these items will be found at the end of this bulletin. For detailed j Dee, tables covering other items, see previous issue of 1921 the SURVEY (NO. 6). \ I CUMULATIVE TOTAL Corres- s F 0 R CALENDAR YEAR. Jan., 1922 ponding month, Dec, 1920, I Jan., 1921. INDEX NUMBERS. Per- I centage 'increase ; 1920 i (+) 1920 1921 1 BASE or de- j YEAR crease OR (-) cumu- PERIOD. lative ; Dec. 1921 from 1920. •— 1921 1921 1922 Jan. Oct. Jan. Percentage increase ) or decrease Jan. from Dec. i TRADE AND INDUSTRY OF FOREIGN j COUNTRIES—Continued. United Kingdom—Continued. Production: Pig iron Steel ingots Coal* Stocks, zinc* long tons..; 275,000 288,000 long tons. J 381,000 327,500 thous. of metric tons.. j 22,951 short tons..! 14,297 12,781 France. Imports (values): Total, all commodities Foodstuffs Raw material Manufactured articles Exports (values): Total, all commodities Foodstuffs Raw materials Manufactured articles i j i mills, of francs.. 3,063 mills, of francs.. 754 mills, of francs..; l, 856 mills, of francs.. j 453 j mills, of francs..! 2,183 mills. of francs.. 260 mills, of francs.. 550 mills, of francs.. 1,373 642,100 493,400 23,891 16,635 8,006,900 9,056,800 232,831 2,611,400 j - 67.4 3,624,800 - 60.0 165,095 - 29.1 1,982 347 1,101 534 32,427 7,539 16,417 8,471 23,458 6,205 12,317 4,856 - 1,883 189 436 1,258 19,339 i 1,951 j 4,180 | 13,145 | 21,553 1,933 5,558 14,063 !+ 11.4 - 0.9* + 33.0 -I- 7.0 27.7 17.7 24.5 42.7 1913 | 80 1913 11 117 1913 !| 98 <1920 | 77 1913 1913 28 | 32 32 ; 34 + 4.7 63 i 69 60 | 51 - 14.0 71 | 75 94 62 56 50 j - 10.6 1913 1913 I; 634 283317 jj 602 229 475 11 587 i 267 289 !| 813 I 387 230 1913 1913 1913 1913 396 328 411 270 |j 338 281 !| 418 361 332 374 351 235 436 499 450 328 1 i |! | 307 ! 305 381 189 j 224 371 311 I 309 355 329 320 395 The Netherlands. Total trade (values): Imports thous. of florins.. 180,001 Exports thous. of florins.. 97,115 Exports of key commodities (quantities): Butter metric tons.. 1,174 Cheese metric tons.. 3,476 6,022 Margarine metric tons.. 438 Flower bulbs metric tons.. Germany. Total trade (values): Imports thous. of dolls.. Exports thous. of dolls.. Production: Coal* thous. of metric tons.. Lignite* thous. of metric tons.. Canada. Total trade: Imports thous. of dolls.. Exports thous. of dolls.. Exports of key commodities (quantities): Canned salmon thous. of pounds.. Paper, printing thous. of pounds.. Cheese thous. of pounds.. Wheat thous. of bushels.. Production: Pig iron* thous. of long tons.. \ Steel ingots* thous. of long tons.. Bank clearings* mills, of dolls.. j 298,867 156,923 3,332,426 1,701,481 3,494 2,173 8,330 420 20,672 45,241 92,990 16,406 2,240, 352 - 32.8 1,369,621 - 19.5 1919 1919 127 133 -2.2 + 15.6 - 25.3 + 34.2 1913 1913 1913 1913 113 40 141 20 20,216 52,291 69,468 22,021 76 75 91 76 83 54 75 91 2 38 63 102 21 23 24 72,035 76,767 106,996 11,923 11,029 11,926 10,110 131,427 111,636 136,123 + 3.6 122,895 + 10.1 1913 1913 75 139 76 76 139 145 74 75 144 152 72,252 81,934 1,336,899 1,302,804 799,195 - 40.2 816,694 - 37.2 1913 1913 154 480 129 261 106 259 115 107 279 277 - 14.3 150 i- 46.0 39,481 44,001 + 11.4 1,523,890 1,418,483 ; - 6.9 136,581 i - 4.3 142,769 123,060 146,854 + 19.3 1913 1913 1913 1913 252 532 73 415 107 610 469 537 548 124 349 104 594 65 412 110 + 6.3 553 - 6 . 8 12 - 81.8 73 57 86 186 I 192 208 48 49 200 168 - 15.8 253 230 265 277 290 + 9.4 165 - 40.3 111 113 124 103 115 162 132 183 60,050 87,186 51,476 47,098 1,821 1,935 1,873 145,320 135,402 114,683 1,520 8,371 8,715 34,492 6,103 j 11,446 1913 Ij 1913 54 , 67 134 137 252 1,304 54 56 1,440 974 1,109 19,527 595 | - 38.9 667 ! - 39.9 16,802 | - 14.0 1913 1913 1913 thous. of yen. .! 161,166 176,300 thous. of yen. ! 146,083 87,200 105,231 75,067 2,336,175 1,948,394 1,615,789 - 30.8 1,252,854 - 35.7 1913 1913 173 166 9,014 5,719 105,924 83,624 56,122 - 47.0 58,108 j - 30.5 1913 1913 253 | 214 103 72 90 15,363 10,197 147,747 139,174 «120,004 j - 18.8 e 127,954 - 8.1 1913 1913 231 156 262 104 174 147 40 43 1,549 49 46 Japan. Total trade (values): Imports Exports 173 215 142 212 South Africa. Total trade (values): Imports Exports thous. of £ sterling.. 4,416 thous. of £ sterling.. j 5,703 Australia. | Total trade (values): j Imports thous. of £ sterling.. 8,800 • Exports thous. of £ sterling-. 12,000 j • April-December average. 107 « Cumulative includes approximate figures for October, November, and December, 1921. 36 LIFE INSURANCE—NEW BUSINESS. (A) INDEX NUMBERS AND (B) NUMERICAL DATA. From trade and commercial sources.l [Base year in bold-faced type.] GROUP IN- j TOTAL ORDINARY INDUSTRIAL SURORDINARY ! INSURANCE INSURANCE INSURANCE ANCE INSURANCE (39 c o m (39 com(6 c o m (39 companies). (11 panies). panles). panies). INDUSTRIAL INSURANCE (6 companies). cnies). ompa- YEAR AND MONTH. NumNumber of Value. ' ber of Value. policies. policies. Value. Number of Value, i (policies. Thousands of nnli'pioc Thousands of rlnileirc ; Thou- ! Thousands of sands of policies.! Relative to 1913. A.—INDEX NUMBERS. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly average. average. average. average. average. average. average. average. average. 1921. January 100 100 105 120 141 143 232 265 212 1OO 100 97 108 104 113 127 109 150 109 114 157 122 274 t 333 , , 132 275 145 1OO 106 112 113 119 127 150 179 202 I • | | 1OO 182 221* 350 755 1,204 1,992 1,895 508 TOTAL GROUP INSURANCE INSURANCE (39 companies). (11 companies). NumThou- i Thouber of sands of sands of policies. dollars. policies. Thousands of dollars. B.—NUMERICAL DATA. ! IOO \ 154 | 156 IOO 101 107 125 146 157 252 302 i 256 107 112 t HI 115 : 119 , 141 74 $131,310 380 74 127,797 | 410 78 , 136,078 429 89 ' 167,180 415 104 196,590 414 106 205,725 433 359,222 ! 465 172 436,848 ! 500 196 360,996 i 550 157 $51,909 55,217 58,128 58,645 61,484 66,099 77,901 93,044 104,813 4 4 8 25 60 55 134 829 368 $1,445 2,628 3,188 5,052 10,908 17,401 28,785 27,377 7,335 453 484 507 504 519 540 637 697 707 8184,664 185,641 197,393 230,877 268,982 289,225 465,908 557,269 473,144 192 212 245 245 254 268 312 312 128 127 163 133 180 177 228 184 413 368 663 464 139 142 177 152 234 243 291 277 142 157 181 181 333 206 351 349 409,373 409 812 1 487 484 621 507 93 357 91 866 118,478 95 759 526 692 555 419 5 974 5 324 9 581 6 709 629 642 803 689 432 537 448,539 537,432 512 280 301 293 268 250 172 145 J13 117 241 202 158 163 555 383 283 357 181 I 158 ! 129 129 286 268 237 226 168 165 151 140 394 704 384 196 351 447 328,181 >] 652 July August 227 223 204 189 550 431 446 125 104 81 84 232 909 872 583 295 292 254 200 8 023 5 529 4 088 5 153 820 716 583 586 527 494 437 417 958 634 406 917 October November December 191 199 191 223 232 250 244 317 133 177 153 174 186 249 210 244 319 297 232 1,757 143 181 159 183 220 250 234 308 141 147 141 165 304 490 328 358 320,424 416 405 507 672 581 662 96 805 129 165 109 087 126 646 188 242 272 483 4 4 3 25 607 293 350 388 648 819 722 827 405 461 432 568 902 816 862 439 172 232 142 200 920 147 229 127 305,081 538 103 725 258 13 287 665 422 093 March April May June 1922. ' ! ! j ! February March 1 Compiled by the Association of Life Insurance Presidents. The data represent only new business that has been paid for, exclusive of revivals, increases, and dividend additions. The 39 companies whose new business is included in this table had in force 76.94 per cent of the total legal reserve life insurance outstanding in the United States as of December 31,1920. 37 CORPORATION STOCKHOLDERS. (A) INDEX NUMBERS AND (B) NUMERICAL DATA. Data from commercial and trade sources.1 [Base year In bold-faced type.] PENNSYLVANIA RAILROAD CO. YEAR AND MONTH. U. S. STEEL CORP., (COMMON STOCK). AMERICAN TELEPHONE PENNSYLVANIA AND TELE- RAILROAD CO. GRAPH CO. Stockholders. Stockholders. Per- Stockholders. Stockholders. centage of shares DoDoDoFor- mesForFor- 11 DoFor- held by mesmeseign. ! mestic. eign. eign. brokeign. tic. tic. tic. ers. 1918 quarterly 1919 quarterly 1920 quarterly 1921 quarterly average. average. average. average. Domestic. Foreign. Stockholders. Percentage of shares held by brokers. Domestic. Foreign. Number. 53,205 47,777 «42,020 39,365 44,531 1,529 1,697 * 1,980 939 1,191 51.48 122 114 96 11,258 11,839 11,816 6,884 2,235 41,436 78,682 81,603 85,343 93,331 46.73 45.87 55.08 51.88 56,932 62,279 67,504 78,597 180 217 247 308 110 119 122 193 102,798 111,316 126,424 138,450 1,773 1,727 1,500 1,743 64,314 73,510 88,085 104,621 1,484 1,475 1,300 1,341 43.22 30.35 22.45 96,035 115,482 131,643 163,753 1,143 1,239 1,267 2,013 60 49 231 247 252 259 113 113 113 149 121,326 124,943 127,768 131,659 1,595 1,525 1,472 1,409 82,246 1,337 33.46 32.09 85,909 1,320 89,665 | 1,287 30.69 25.17 94,520 1,256 122,999 131,558 134,112 137,901 1,173 1,173 1,174 1,547 47 44 42 42 272 289 325 345 170 188 206 209 144,716 153,649 172,970 183,676 1,774 1,953 2,146 2,180 108 112 117 128 1OO 105 105 61 20 1 1OO I 115 1 2 101 ! 95 107 1OO 111 2 129 61 78 100 91 89 107 101 107 117 127 148 141 153 174 190 16 15 13 15 155 177 213 252 97 96 85 84 79 59 44 174 179 184 189 15 14 13 13 198 207 216 228 87 86 84 82 65 197 201 199 199 13 12 12 26 249 j 251 j 84 87 254 256 90 100 Stockholders. B.—NUMERICAL DATA. A . - I N D E X NUMBERS. average. average. average. average. average. AMERICAN TELEPHONE AND TELEGRAPH CO. Number. Relative to 1913. 1913 quarterly 1914 quarterly 1915 quarterly 1916 quarterly 1917 quarterly U. S. STEEL CORP., (COMMON STOCK). 100 100 113 72,714 40. es 1,041 1,175 1,270 1,187 1920. March June September December 1921. March June September.. December.. I 137,007 ! 1,386 | 139,702 | 1,373 138,243 j 1,362 138,847 2,852 103,093 103,976 105,355 106,061 1,283 1,334 1,368 1,379 24.27 22.61 21.49 21.44 1922. March. 1 These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the respective companies and represent the number of holders of common stock on their books at the end of each quarter, i. e., Decemberfiguresare for Dec. 31 or Jan. 1. *Dec. 31figures;other quarters of 1915 not available. 38 ENAMELED SANITARY WARE. INDEX NUMBERS. Based on data from commercial and trade sources.^ [Base year in bold-faced type; numerical data on opposite page.] BATHS. YEAR AND MONTH. Orders LAVATORIES. Orders received. I Orders Orders ; received. || shipped. shipped. SINKS. Orders I w k shipped.! S I O C K S ' MISCELLANEOUS. Orders I Orders received, j shipped. Orders j received. Relative to 1919. 1913 monthly average.. 1914 monthly average.. 1915 monthly average.. 1916 monthly average.. 1917 monthly average.. 1918 monthly 1919 monthly 1920 monthly 1921 monthly average.. average.. average.. average.. 104 108 122 143 115 123 136 148 111 106 129 136 122 103 144 96 78 56 144 31 71 95 47 61 116 40 82 100 100 100 100 100 53 59 100 110 100 50 179 100 31 100 149 120 100 112 127 78 65 73 115 65 74 59 1920. January.. February. March April 134 139 170 . 113 37 33 62 May.... June July.... August. 149 158 160 164 57 52 29 31 September.. October November.. December.. 178 181 156 28 124 73 77 130 91 107 40 122 93 86 114 80 74 54 52 64 57 45 51 111 138 130 43 37 27 23 29 33 61 138 36 30 22 117 120 131 125 22 21 27 32 59 83 33 27 110 120 136 111 38 34 39 50 23 30 42 47 102 136 129 129 49 59 84 84 65 65 73 67 75 96 128 123 64 78 86 85 51 63 68 114 123 124 135 84 87 95 92 63 74 83 87 124 123 121 134 84 88 94 lt)3 67 72 80 92 111 70 68 134 170 130 105 73 109 135 103 1921. January.. February. March.... April 65 71 78 100 214 280 301 271 May.... June July.... August. 101 118 142 163 202 154 116 September.. October November.. December.. 157 183 148 112 75 71 96 126 59 60 145 169 120 99 140 127 84 138 82 72 67 66 72 92 104 143 137 69 68 52 39 109 119 96 100 59 112 61 100 66 76 108 91 57 108 93 88 71 85 100 102 74 103 61 99 67 71 76 104 64 61 59 120 54 72 63 117 61 59 80 111 57 68 44 127 51 49 45 141 41 57 31 110 51 35 25 103 63 26 54 52 78 71 54 104 50 98 68 129 69 130 82 101 118 121 72 103 115 68 78 115 117 84 69 117 120 70 81 125 132 102 88 131 118 92 85 110 154 103 108 91 71 117 101 75 106 71 97 115 71 137 104 130 1922. January.. February. March 1 See footnotes on opposite page. 39 ENAMELED SANITARY WARE. NUMERICAL DATA. Data from commercial and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] BATHS. YEAR AND MONTH. Orders shipped. SINKS. LAVATORIES. I at/wire I Orders Orders Stocks. I r e c e l v e d . | shipped. ! Orders received. Orders shipped. MISCELLANEOUS. Orders «&t<wk« Stocks. | r e c e l v e d # Orders shipped. j Orders received. I Number. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average average average— average— average— 1918 monthly 1919 monthly 1920 monthly 1921 monthly average— 19,495 average— 34,608 average.... 51,441 average.... 41,510 47,754 49,527 55,769 65,230 44,888 39,831 42,450 46,977 51,181 33,172 53,428 57,789 70,626 74,293 48,419 31,555 34,655 29,367 40,887 22,201 43,302 109,318 34,322 73,612 53,438 56,565 33,097 54,584 60,231 66,458 145,329 125,814 66,333 111,764 60,530 21,514 32,697 132,369 42,175 69,872 45,768 139,751 20,951 j 36,774 75,324 * 40,911 51,438 58,169 35,089 23,405 77,034 25,427 88,018 28,383 79,869 41,900 57,502 64,577 31,062 33,640 47,410 89,394 27,691 31,803 1920. January February March April 46,312 48,032 58,674 39,101 13,784 15,431 14,027 26,132 80,057 45,547 51,488 40,930 40,779 39,406 56,818 40,896 39,783 53,798 46,682 55,891 95,699 66,770 78,870 48,358 50,596 46,915 62,240 43,401 92,795 67,454 65,611 81,096 94,760 81,959 88,285 53,892 25,957 25,054 28,915 28,153 45,890 57,011 59,026 53,638 45,228 35,671 42,961 29,559 May.... June— July.... August. 51,528 54,817 55,455 56,838 24,222 21,986 12,363 12,973 26,357 40,164 31,146 35,670 40,314 50,739 63,118 59,331 59,506 51,808 37,186 32,135 53,193 49,234 48,413 53,104 50,210 56,604 77,840 74,671 87,058 64,873 49,104 66,816 51,657 55,627 70,202 29,604 33,956 33,166 31,483 51,431 43,150 48,776 45,594 25,376 30,116 24,805 28,366 September.. October November.. December.. 61,617 62,683 54,008 28,230 12,324 14,024 25,929 58,221 24,950 21,298 15,558 8,119 53,708 54,934 59,994 57,221 30,262 29,985 37,291 45,291 43,196 60,849 24,009 19,560 60,097 65,728 74,030 60,444 47,643 42,733 48,787 63,453 38,357 39,209 27,049 22,208 36,114 39,948 31,125 29,272 40,463 32,835 40,671 50,440 20,655 23,824 14,685 11,045 1921. January February March April 22,444 24,499 27,157 34,573 118,205 127,128 114,391 16,340 21,302 29,460 32,625 46,811 62,097 59,263 59,140 69,052 82,501 117,204 117,750 47,846 48,022 53,481 49,060 40,979 52,181 69,623 67,141 80,752 97,924 107,730 106,862 47,243 44,442 59,456 61,120 29,494 27,738 36,737 37,020 65,831 80,533 94,389 96,524 22,553 .21,757 32,810 29,571 May.... June July.... August. 35,011 40,933 49,314 56,515 99,525 85,062 64,969 49,009 35,717 43,973 47,187 61,861 52,323 56,278 56,733 61,667 117,422 121,969 132,453 128,354 46,686 54,428 61,378 63,882 67,487 66,924 65,861 73,047 105,916 110,776 118,638 129,570 63,250 60,449 71,191 29,341 32,674 33,155 35,616 91,737 93,365 95,792 105,781 28,661 35,084 29,505 36,788 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 66,328 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 37,268 43,792 33,330 27,518 94,134 82,017 80,980 91,643 38,359 45,137 31,537 29,879 48,425 53,422 | 58,420 63,047 102,190 80,124 73,877 129,586 | 84,791 38,831 83,242 54,545 1922. January.. February. March.... I * Data furnished by the Enameled Sanitary Ware Manufacturers* A ssociation and said to represent approximately 98 per cent of the total output in the United States. The Association explains that orders shipped are the best current index of the industry. Orders received are likely to pyramid during periods of great activity to be followed by cancellations if the demand drops off. Stocks always increase during the winter and spring months because more efficient work at the enameling ovens can be done in cold weather and manufacturers operate at maximum capacity as long as they can finance operations and find storage capacity for the products. 40 PRICES AND EMPLOYMENT. INDEX NUMBERS. Based on data front Government and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] WHOLESALE PRICES. Beef (fresh). YEAR AND MONTH. Pork. Chemicals.' Good Steer Price native rounds, Loins, index, fresh, steers, No. 2, Chicago. Chicago. Chicago.] RETAIL PRICES.3 !i NEW YORK EM- ; UNEMCLOSING j PLOY-i PLOYSTOCK PRICES.* MENT.&; MENT. Coal. U. S. AnthraAnthraBitucite, Bitu- Anthracite, cite, minous. chest- minous. stove. chestnut. nut. 25 industrials. 25 railroads. I Relative Relative i to Apr.tol921. j Dec. average. Relative to 1913. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average.. average.. average.. average.. average.. 1918 monthly 1919 monthly 1920 monthly 1921 monthly average.. average.. average.. average.. 100 1OO 1OO 100 1OO 1OO 105 102 103 100 100 106 100 95 96 100 100 103 100 100 99 122 105 103 104 112 130 1OO 107 99 109 167 124 164 212 factories, em- Pennsylployees , ' vania.« r\1 twttdka vanla t on | pay roll, i 100 100 130 167 147 1OO 119 100 100 99 104 117 94 95 83 171 169 198 279 177 129 144 128 127 139 74 180 171 212 242 187 156 147 153 150 182 75 178 163 207 255 266 179 207 193 190 184 126 110 151 152 207 198 197 196 192 137 64 1920. January... February.. March April 179 164 158 161 153 149 145 145 164 183 197 230 242 252 252 261 186 186 186 250 160 160 160 160 162 163 161 207 184 202 212 70 68 May June— July August.. 151 172 197 197 145 164 211 191 190 187 221 247 279 274 274 264 273 273 273 273 171 178 180 183 188 194 203 182 185 186 1J9 181 183 190 192 191 177 65 64 65 66 September. October— November.. December.. 201 195 185 171 183 165 157 142 271 258 197 139 267 263 240 323 323 323 323 198 198 198 199 223 230 231 227 204 208 210 200 204 206> 206 181 177 155 144 71 74 70 64 1921. January... February.. March April 134 124 126 127 122 109 115 122 146 130 170 182 181 166 157 140 255 232 221 221 200 200 200 191 218 210 205 195 207 204 202 192 204 201 198 188 146 149 143 147 65 63 62 May June July...., August.. 127 124 115 124 120 118 122 122 143 147 148 158 221 186 193 195 198 198 191 191 193 193 191 191 193 194 188 187 189 190 148 131 127 121 65 61 64 64 September. October.... November.. December.. 123 127 133 127 110 96 87 184 162 121 95 147 151 147 | 145 ! 186 186 186 175 201 201 201 201 193 192 190 189 194 195 195 195 190 191 191 191 128 130 135 140 65 64 66 66 100 101 96 119 90 108 144 171 200 183 194 190 143 65 100 j | I ! 150 131 150 192 1OO 71OO 104 103 102 101 101 98 97 91 88 100 112 107 105 105 102 1922. January... February. March > See footnotes on opposite pag«. 122 119 41 PRICES AND EMPLOYMENT. NUMERICAL DATA. Data from Government and trade sources.1 [Base year in bold-faced type; index numbers on opposite page.] NEW YORK CLOSING STOCK PRICES/ WHOLESALE PRICES. Beef (fresh). YEAR AND MONTH. Coal. Pork. 25 indusGood Steer Loins, ! trials. AnthraAnthraAnthranative rounds, BituBitucite, cite, cite, || steers, No. 2, fresh, minous. chestnut. minous. stove. chestnut.il Chicago Chicago Chicago Dollars per pound. EMj UNEMPLOY- j PLOYMENT.& II MENT. I Dollars per Dollars per!11 short ton. long ton. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average $0,130 $0,131 $0,149 136 .133 .154 | 129 .124 .143 138 | .130 .162 j .167 j .162 .244 1918 monthly 1919 monthly 1920 monthly 1921 monthly j I I ' Dollars per short ton. 2.200 2.200 2.675 4.583 $5,313 5.315 5.326 5.565 5.936 $5.43 5.73 5.58 5.60 7.08 $7.73 7.70 7.69 8.03 9.19 $7.91 7.89 7.86 8.20 9.28 3.883 4.108 5.850 4.558 6.861 8.268 9.501 10.527 7.80 8.00 11.24 10.68 9.92 11.83 14.95 15.17 8.81 25 railroads. Dollars per share, j $58.15 58.23 75.66 97.31 85.33 $82.92 77.89 73.39 78.87 10.05 11.89 15.04 15.22 81.01 106.08 107.21 79.76 61.39 62.10 56.07 53.31 12.59 12.77 120.51 106.96 117.74 123.35 56.27 55.03 58.32 56.14 U.S. factories, employees on pay roll. Pennsylvania.* Number. Number unemployed. 1,559,316 263,027 i| average average average average { .221 | .221 .233 .224 .230 .213 .163 .145 .295 .315 .307 .225 .232 .213 .205 .209 .200 .195 .190 .190 .244 .273 .293 .342 4.100 4.100 4.100 5.500 8.518 8.513 8.514 8.522 .190 .215 .276 .250 .283 .278 .328 .368 6.000 6.000 6.000 6.000 9.059 9.462 9.551 9.711 10.19 10.55 11.04 14.07 14.28 14.40 14.14 14.33 14.50 110.77 111.83 110.81 102.82 54.29 53.02 53.97 54.97 .384 .293 .206 | 7.100 7.100 7.100 7.100 10.541 10.536 10.543 10.548 12.12 12.50 12.53 12.30 15.77 16.08 16.22 16.16 15.85 16.15 16.29 16.29 105.06 102.94 89.88 83.83 58.50 61.48 57.89 53.02 5.600 5.100 4.850 4.850 10.637 10.637 10.642 10.141 11.82 11.41 11.15 10.58 15.99 15.80 15.63 14.87 16.13 15.88 15.66 14.86 85.04 86.47 83.34 85.38 54.62 53.86 51.94 51.26 1,628,134 1,612,611 1,587,786 1,580,749 233.645 4.850 4.600 4.600 4.100 10.241 10.360 10.502 10.540 10.39 10.39 10.47 10.46 14.79 14.77 14.89 14.96 14.88 14.83 14.95 15.01 86.32 76.40 73.85 70.45 54.19 50.70 53.35 53.48 1,573,538 1,527,124 1,510,210 1,526,479 238,625 232,520 263,000 294,985 4.100 4.100 4.100 3.850 10.658 10.662 10.656 10.653 10.47 10.41 10.34 10.27 15.03 15.07 15.11 15.09 15.06 15.10 15.14 15.13 74.28 75.36 78.76 81.56 53.74 52.97 54.77 54.80 1,544,529 1,560,155 1,567,374 1,493,107 282,125 276,675 276,345 269,322 3.750 10.641 9.90 14.97 15.01 82.91 54.20 | 1,556,507 321,893 313,835 1920. January... February. March April j May j June July August.. .195 i .223 I .255 I .255 September.. October November.. December.. 260 252 240 225 .240 174 160 163 165 .160 May June July.... August.. September.. October November.. December.. .216 .205 .186 ! i 1921. January... February. March April .143 .218 I .193 I .150 .253 .160 .270 j .165 .160 .149 .160 .158 .155 .160 .160 .223 i .160 .164 .173 .164 .144 .125 .114 .108 .274 .240 .180 .141 .154 ! .118 .160 .195. j .223 j .285 | j 1922. January... February. March 1 Data on prices of beef, pork, and coal, both wholesale and retail, are monthly averages from the records of the U. S. Department of Labor, Bureau of Labor Statistics. The index of chemical prices is compiled by Chemical and Metallurgical Engineering. New York closing stock prices are those compiled by the Annalist. Employment in United States factories from U. S. Department of Labor, Employment Service. Unemployment in Pennsylvania is furnished by the Pennsylvania Department of Labor and 2Industry, Bureau of Employment. The chemical price index from Chemical and Metallurgical Engineering includes quotations on 25 commodities selected on the basis of their importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total production plus total imports in the year 1919. Thefiguresare averages of weekly prices. * Retail coal prices represent the averages for the United States based on quotations from 51 cities. • New York closing stock prices are repeated here because of certain revisions in the 1921 figures. » The index number of employment in United States factories has been recalculated, using the 1921 monthly average as 100 instead of the single month. «The figures on unemployment in Pennsylvania are said to be estimates based on prompt and regular reports from reliable sources as of the first day of the month. They represent only total and involuntary unemployment and do not include habitual idlers, floaters, etc. i Average of 9 months, April to December, 1921. 42 COAL PRODUCTION IN FOREIGN COUNTRIES. INDEX NUMBERS. From Government sources.1 [Base year in bold-faced type; numerical data on opposite page.] COAL. Y E A R AND MONTH. United Kingdom. Germany. France. Belgium. Chechoslovakia. Poland. 100 85 77 84 88 100 67 48 52 71 100 73 62 74 65 64 54 85 61 81 98 57 84 61 69 72 81 98 74 66 64 64 63 80 70 75 88 105 100 78 73 100 76 70 65 69 73 68 81 90 95 90 91 99 100 97 September.. October.... November.. December.. 98 41 67 73 75 75 75 94 96 93 97 January.. February. March AprQ 77 73 69 24 76 76 72 75 May.... June July.... August. 24 average., average.. average.. average.. average.. 100 92 1918 monthly average.. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. 79 80 1920. January... February. March April May.... June July.... August. September.. October November.. December.. 24 64 71 75 94 100 Japan. Canada. Union of South Africa. Germany. Czechoslovakia. 100 96 94 114 118 100 96 101 108 110 100 112 117 130 115 108 128 141 Relative to 1913. 100 103 121 138 161 100 105 96 107 124 100 91 132 147 137 100 91 100 181 181 210 109 104 84 104 197 176 200 189 127 128 157 153 91 85 85 79 114 106 135 125 120 116 109 122 73 67 82 84 87 101 117 185 205 224 222 153 145 132 116 79 90 87 87 131 134 141 135 120 132 127 133 100 103 86 108 81 78 85 74 99 95 105 229 235 229 235 125 130 134 147 90 88 99 98 131 136 137 141 139 144 135 139 93 85 87 90 84 87 88 107 93 95 90 84 87 85 104 106 114 124 221 179 188 186 118 104 122 114 85 78 74 62 134 122 131 135 139 138 136 143 95 91 97 91 55 65 68 74 86 96 95 99 84 89 93 97 78 83 79 85 84 125 123 124 182 216 212 199 109 104 102 92 70 74 78 135 132 131 141 129 138 139 146 83 88 88 93 73 100 98 99 100 95 103 80 72 81 123 126 223 83 135 123 125 143 145 144 152 92 84 97 76 74 78 65 74 75 1922. January... February., March...., Netherlands. Relative to 1920. Relative to 1913. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly LIGNITE. 1 Se« footnotes on opposite page. 238 96 94 74 86 70 77 95 85 80 85 86 43 COAL PRODUCTION IN FOREIGN COUNTRIES. NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] COAL. Y E A R AND MONTH. United Kingdom. Germany. France. C1) C1) Belgium. LIGNITE. Czechoslo- i Poland. Netherlands. Japan. vakia. Canada. I Union CzechoS ( £f t n j Germany. slovakia. Africa. |: Thousands of metric tons. 3 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average. 1919 monthly average. 1920 monthly average. 1921 monthly average. 24,342 22,499 21,443 21,711 21,044 19,286 19,458 19,402 13,758 15,842 13,449 12,239 13,264 13,979 13,376 i 9,723 110,950 3,404 2,294 1,628 1,776 2,410 1,904 1,393 1,181 1,405 1,243 2,188 11,822 12,890 1,157 1,540 1,866 1,870 1,684 2,006 1,901 19,567 19,790 10,400 * 23,927 18,042 10,146 10,035 2,927 2,715 2,380 2,553 May.... June July.... August. 17,795 * 24,225 18,409 17,151 10,224 11,008 11,509 10,788 2,766 3,065 3,218 3,074 1,737 1,887 1,911 1,856 September.. October November.. December.. » 23,883 11,550 11,870 11,814 11,926 3,213 3,283 3,171 3,317 1,909 1,967 1,634 2,052 12,009 12,009 11,460 11,906 3,246 3,009 2,041 1,778 1,800 1,712 16,191 «23,891 874 928 156 161 1,776 1,858 1,135 665 7,269 641 6,975 7,329 7,849 7,962 189 1,707 216 1,908 251 2,197 1,031 1,003 1,095 1,062 283 283 328 2,336 1,133 747 2,606 1,035 776 2,437 1,001 867 581 307 1,038 757 553 | 274 960 707 534 626 757 785 111,351 1920. January... February. March April. 9,960 1,189 10,157 771 933 8,389 •!. 7,820 | 9,303 10,250 1,918 1,411 8,700 8,426 7,902 8,900 1,516 1,473 1,823 1,634 939 895 8,705 9,572 9,235 9,651 1,645 1,539 1,623 1,648 451 j 312 558 I 295 2,260 2,267 2,787 2,712 467 | 541 i 627 i 2,719 2,577 2,340 2,068 901 1,016 992 517 j 288 320 349 347 966 526 | 357 1,018 872 10,103 924 509 367 1,002 905 10,493 1,119 913 9,839 1,114 937 10,110 1,779 1,627 1,664 1,722 811 873 897 10,071 10,039 9,876 10,374 1,817 1,749 1,867 1,750 877 873 939 10,058 10,068 10,606 1,597 1,696 1,685 1,786 818 832 10,359 10,567 10,479 11,029 1,026 981 863 796 979 1,004 1,015 560 358 . 874 522 367 2,223 2,315 2,375 2,602 1,027 998 557 566 1,039 1,012 661 345 279 293 290 2,101 1,849 2,173 2,018 926 447 284 337 330 311 1,933 1,844 1,804 1,642 965 897 1921. January... February. March April May.... June July.... August. September.. October November.. December.. 1922. January... February.. March 18,854 17,661 16,712 60 2,875 2.969 60 15,463 16,869 8,771 10,295 10,731 11,727 2,919 3,258 3,218 3,386 1,592 1,700 1,777 1,840 * 20,980 17,251 18,174 «22,951 11,607 11,977 11,708 11,923 3,393 3,337 1,876 1,906 1,818 1,965 60 988 944 1,014 949 861 964 658 ! 659^ 672* 965 840 705 844 883 i 947 348 372 1,766 1,618 1,860 I i Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official sources. Figures for France include lignite (averaging 66,000 tons per month in 1913). Beginning 1919, Alsace-Lorraine (averaging 203,000 tons monthly in 1919, and 264,000 tons in 1920), is included with France instead of with Germany and beginning 1920, the Saar district (784,000 tons per month) is similarly transferred. Upper Silesia, whose disorders were responsible for the curtailment of German production in May, 1921, is still included with Germany. • Five weeks' period; other months cover four weeks. «One metric ton is equivalent to 2,204.6 pounds. 44 IRON AND STEEL PRODUCTION IN FOREIGN COUNTRIES. INDEX NUMBERS. Based on data from Government sources.* [Base year in bold-faced type; numerical data on opposite page.] PIG IRON. United Kingdom. Canada. YEAR AND MONTH. France. i Belgium. Luxemburg. 1 STEEL INGOTS. ! United | France. K i n g d o m . Canada. Belgium. Luxemburg. 100 56 23 41 47 100 57 4 4 (*) 100 96 82 109 89 Relative to 1913. 100 72 63 77 60 100 102 112 120 128 100 71 87 10 45 50 24 27 125 103 118 47 161 89 106 64 38 46 62 14 51 72 32 50 45 47 46 41 20 26 32 37 20 17 18 15 118 125 131 124 106 97 111 107 49 49 47 47 28 35 39 49 40 30 96 32 104 95 100 111 52 62 69 74 44 49 54 56 21 27 25 30 132 132 124 111 103 105 108 121 43 62 64 70 48 55 58 60 30 47 49 55 87 62 47 80 112 125 112 64 80 85 82 80 51 60 57 61 35 38 41 41 138 85 79 117 114 128 111 64 76 82 79 79 54 60 59 59 69 72 65 73 75 54 45 7 49 69 71 46 68 67 69 67 54 51 51 46 45 39 13 34 77 76 56 11 46 68 61 31 68 67 63 65 59 49 48 54 71 62 20 57 2 65 66 62 59 17 33 22 22 38 39 33 35 1 1 11 67 65 64 60 18 68 60 74 62 83 62 62 56 59 31 27 13 14 56 61 57 55 52 60 57 48 56 59 19 23 29 36 42 47 44 67 63 69 60 64 83 86 49 60 52 17 16 21 30 76 82 70 December 18 28 32 32 January 34 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 100 87 86 88 92 100 69 81 104 104 100 52 11 29 33 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average 88 72 78 25 106 81 96 60 25 46 64 January.. February March April 78 75 82 78 87 76 82 92 May June July August 86 85 88 88 September October November December 100 58 3 5 122 149 1930. January... February March April 1921. . . . May July August September 1 October . . . . 45 March.. * See footnotes on opposite page. 51 37 45 IRON AND STEEL PRODUCTION IN FOREIGN COUNTRIES. NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] !l PIG IRON. YEAR AND MONTH. \ United i Kingdom. Canada. i Thousands of long tons.2j 1913 monthly average. 1914 monthly average. 1915 monthly average. 1916 monthly average. 1917 monthly average. 1918 monthly 1919 monthly 1920 monthly 1921 monthly average.. average.. average.. average . 855 84 744 58 733 68 France. Belgium. Luxem- ! United burg. Kingdom. Canada. Thousands of metric tons. 3 434 224 49 207 121 11 1 754 87 124 785 87 145 STEEL INGOTS. ! Thousands of long tons. ! 212 639 87 152 653 62 133 713 76 France. Belgium. Luxemburg. Thousands of metric tons.3 396 221 91 205 116 101 97 83 163 766 106 163 110 127 817 130 186 90 756 89 109 106 799 140 151 1 73 612 68 201 21 51 658 77 182 28 32 276 93 58 246 104 667 81 218 50 January.. February. March April 665 73 195 41 645 64 205 54 May.... June.... July.... August. 738 87 224 726 80 271 751 84 300 752 93 September. October November.. December.. 741 94 533 105 755 92 302 56 43 754 92 195 57 40 36 798 84 194 72 30 ' 50 1920. 699 198 39 840 97 188 79 36 671 179 31 794 93 186 100 32 92 45 846 90 172 99 30 101 58 845 91 244 113 47 111 53 790 94 255 119 49 321 115 64 709 105 277 123 56 348 106 74 885 99 300 111 70 371 125 81 544 111 324 122 73 403 94 356 118 86 505 97 314 120 683 54 349 127 86 747 56 312 121 642 41 293 112 95 493 40 268 121 72 464 58 292 105 83 484 59 264 100 63 386 60 300 106 28 359 53 251 98 20 60 39 292 96 72 71 27 257 110 58 14 56 283 76 80 52 244 64 57 1 55 285 69 83 3 64 245 55 62 10 54 267 45 71 117 54 223 27 58 94 50 255 45 74 434 72 232 28 56 158 44 244 40 429 56 236 35 236 50 256 47 100 405 72 206 33 272 48 61 94 443 75 44 275 40 74 381 43 61 94 328 1921. January.. February. March April May.... June July.... August. September.. October November.. December.. 1922. January.. February. March 288 1 Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official reports. A long ton contains 2,240 pounds. 1 A metric ton is equivalent to 2,204.6 pounds. < Index number less than 1. 8 71 46 EMPLOYMENT IN FOREIGN COUNTRIES. INDEX NUMBERS. Based on data from Government sources.1 {Base year in bold-faced type; numerical data on opposite page.] UNITED KINGDOM. YEAR AND MONTH. GERMANY. Trade unions. BEL- NETHERGIUM. | LANDS. i NORWAY. DENMARK. Relative to 1913. 1913 m o n t h l y a v e r a g e . . . 100 1OO 1OO 1OO 100 1OO 1OO 1OO 1914 m o n t h l y a v e r a g e . . . 100 99 96 99 88 98 99 97 AUSTRALIA. Relative to 1919. Relative to 1913. 3 95 100 98 97 101 99 1915 m o n t h l y a v e r a g e . . . 101 102 100 90 96 99 100 1916 m o n t h l y a v e r a g e . . . 102 102 101 99 100 101 103 H01 1917 monthly a v e r a g e . . . 102 102 102 95 101 101 98 * 102 1918 m o n t h l y average. 101 102 102 95 100 100 89 4102 101 1919 m o n t h l y a . e r a g e . 100 99 9« 99 100 97 1OO 100 1920 m o n t h l y a erage. 100 99 98 99 102 99 100 1921 m o n t h l y average. 87 87 91 99 100 100 1920. January February... March April 99 94 97 99 94 101 99 100 9C. 97 99 98 99 101 100 101 97 100 99 101 100 101 101 101 97 101 100 104 101 May June July August.. 101 101 100 98 102 101 105 101 101 101 99 99 101 101 100 101 101 101 97 100 102 101 106 101 101 101 97 100 101 100 106 101 September. October.... November. December.. 100 100 99 100 98 105 105 102 92 100 97 99 98 96 January... February. March April I i I I 98 97 101 102 99 99 99 96 101 100 September. October.... No ember. December.. 97 So 88 S3 83 no 87 90 79 83 86 83 87 92 92 99 70 79 85 S3 m 84 88 99 71 79 84 85 87 79 86 99 70 95 78 84 88 88 79 85 100 79 97 75 80 90 90 85 88 100 81 97 76 83 90 94 85 90 101 80 77 87 87 91 102 85 78 87 86 90 102 76 86 87 102 75 1922. January.. 90 98 101 1 See footnotes on opposite page. 2 100 93 94 85 2 100 97 93 95 May June July August 95 100 99 98 95 U01 2 95 95 90 95 96 86 81 92 2 95 47 EMPLOYMENT IN FOREIGN COUNTRIES. NUMERICAL DATA. Based on data from Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] UNITED KINGDOM.! Y E A R AND MONTH. Tradeunions. Compulsory i n surance. GERBELMANY. j GIUM. NETHERLANDS. SWEDEN. NORWAY. DENMARK. 92.5 90.1 92.3 95.1 90.8 AUS- j TRALIA. | Per cent employed. 1913 monthly 1914 monthly 1915 monthly 1916 monthly 1917 monthly average. average. average. average. average. 1918 monthly average 1919 monthly average 1920 monthly average 1921 monthly average 97.9 96.4 97.7 98.9 99.6 99.4 95.8 98.8 98.4 98.4 99.2 97.6 97.6 84.7 98.8 96.2 97.1 92.8 96.8 97.8 99.0 97.3 96.1 96.3 96.2 97.2 95.6 93.3 92.2 95.8 96.1 98.4 83.8 85.4 94.2 90.4 90.0 91.1 92.8 95.6 94.5 94.6 98.6 98.4 97.7 82.6 89.3 94.2 80.1 94.9 97.6 97.9 99.2 99.1 3 92.07 «97.96 < 98.12 '98.54 96.58 95.37 87.47 93.5 91.7 90.7 94.2 92.9 94.2 93.4 93.5 1930. January... February. March April 97.1 98.4 98.9 99.1 95.6 96.4 97.2 96.6 97.1 98.1 98.0 89.4 91.5 92.3 92.0 92.4 92.5 95.5 96.5 97.4 97.6 98.0 98.2 86.8 90.4 93.3 96.5 96.04 96.87 97.48 May June July August.. 98.9 98.8 98.6 98.4 97.3 97.4 97.3 97.1 97.3 96.0 94.0 94.1 92.7 94.1 95.1 95.0 97.1 96.6 97.2 97.0 99.0 99.2 98.9 98.5 97.2 97.9 97.9 97.6 97.60 97.86 97.65 97.63 September. October Novem oer. December.. 97.8 94.7 96.2 95.9 96.3 94.2 95.5 95.8 96.1 95.9 94.2 93.6 92.8 82.6 95.9 95.8 92.8 86.6 97.1 95.5 93.0 84.2 98.2 97.8 96.5 93.2 97.3 96.7 93.9 84.9 96.74 93.91 «93.8 86.95 »92.2 *94.4 >93.8 1931. January... February. March April 93.1 91.5 90.0 82.4 91.8 90.5 88.7 85.0 95.5 95.3 96.3 96.1 80.7 77.3 68.5 68.8 S3.5 83.6 86.1 88.1 79.8 79.2 75.4 75.8 88.7 85.1 83.9 82.9 80.3 76.8 76.4 78.3 86.93 83.88 83.52 83.73 May June July August.. 77.8 76.9 83.3 83.7 82.7 82.2 85.2 86.8 96.3 97.0 97.5 97.8 67.7 77.1 78.6 78.3 90.6 91.9 92.4 92.7 74.7 72.1 72.2 73.2 82.2 79.1 82.1 85.3 81.4 83.2 83.3 82.3 84.54 86.85 90.90 91.29 | September | October J November December 85.2 84.4 84.1 83.5 87.8 87.2 84.3 98.7 98.8 82.3 86.4 74.2 72.8 71.4 85.3 84.9 83.4 81.6 79.2 74.8 91.53 92.58 88.94 84.91 «88.6 ! *87.5 *88.6 1922. January. ] Compiled by the Department of Commerce, Bureau of Foreign and Domestic Commerce, from official sources. Canadian figures urnished direct by Dominion Department of Labour, Employment Service of Canada. The figures, except in the case of British compulsory insurance, which relate to the operations of the government labor bureau, represent the percentage of trade-union members employed. They have been converted, by inverting, from the original figures showing percentage unemployed. 2 Quarter ending this month. 8 December. * Average of June and December. 48 VEGETABLE AND FISH OILS.1 INDEX NUMBERS. Based on data from Government sources. [Base year in bold-faced type: numerical data on opposite page.] TOTAL REFINED VEGETABLE OILS. TOTAL CRUDE VEGETABLE OILS. YEAR AND MONTH. Production. Consumption. Production. Stocks. Consumption. COTTONSEED OILCRUDE. Consumption. Production. Stocks. PEANUT OIL—CRUDE AND VIRGIN. Stocks. Production. Consumption. Stocks. 1OO 85 100 15 80 44 100 40 20 100 139 56 29 48 54 29 190 136 138 91 21 19 25 14 78 61 34 50 Relative to 1919. 1OO 82 87 1OO 1920. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. l t o Dec. 31 105 48 43 132 1921. 1 to Mar. 31 1 to June 30 1 to Sept. 30 1 to Dec. 31 113 57 56 123 1919 quarterly average 1920 quarterly average 1921 quarterly average..... Jan. Apr. July Oct. 100 1OO 1OO 1OO 1OO 80 75 74 74 124 80 79 66 76 79 104 89 100 86 98 112 83 106 74 150 114 128 128 6 67 63 54 56 145 | 25 58 41 11 44 65 29 80 86 1 15 19 30 16 99 88 107 85 118 . 166 138 141 28 96 86 103 74 143 : 135 140 149 31 73 54 66 93 117 43 88 34 53 51 50 38 85 45 40 39 45 45 96 72 96 65 109 138 127 90 48 COCONUT OR COPRA OIL—CRUDE. YEAR AND MONTH. Production. Con- LINSEED OIL. CORN OIL—CRUDE. i Production. sump- ! Stocks, tion. Consumption. Consumption. Production. Stocks. TOTAL FISH OIL. Production. Stocks. Consumption. Stocks. Relative to 1919. 1919 quarterly average 1920 quarterly average 1921 quarterly average ; 1OO 61 52 1OO 70 57 100 60 47 ; 1OO 100 1OO 101 101 82 91 80 88 100 107 107 1 ! • 100 113 126 1OO I | 1OO 120 ! 201 152 152 1920. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 74 93 56 132 125 91 104 123 104 51 58 70 65 102 99 84 107 123 98 242 62 53 65 116 113 85 111 121 118 319 50 63 54 54 63 69 106 86 159 190 1921. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 43 58 42 64 60 68 105 81 187 13 37 50 45 78 71 73 105 141 127 31 64 62 50 103 87 91 95 138 106 284 66 59 51 114 103 121 121 146 189 279 1 See footnote, page 49. 1OO 123 200 1OO 188 110 91 104 90 114 137 175 372 101 119 69 111 135 119 136 120 99 49 VEGETABLE AND FISH OILS.1 NUMERICAL DATA. From Government sources. [Base year in bold-faced type; index numbers on opposite page.] TOTAL CRUDE VEGETABLE OILS. YEAR AND MONTH. Production. Consumption. Stocks. TOTAL REFINED VEGETABLE OILS. Production. Consumption. Stocks. COTTONSEED OIL— CRUDE. Production. Consumption. Stocks. PEANUT OIL—CRUDE AND VIRGIN. Consumption. Production. Stocks. Thousands of pounds. 1919 quarterly average 1920 quarterly average 1921 quarterly average 578,748 474,776 504,318 635,803 511,121 504,036 506,533 378,498 332,003 466,795 344,575 354,760 357,407 263,612 283,729 283,591 532,768 293,529 357,501 285,347 317,757 329,038 283,350 323,940 111,271 94,597 88,668 21,902 3,271 9,683 53,088 21,267 10,639 24,038 33,354 13,453 1920. Jan. 1 to Mar. 3 1 . . . . . . . . Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 605,931 276,403 250,289 766,481 710,472 427,625 277,387 628,997 422,606 319,008 327,692 444,688 494,688 251,416 134,228 497,967 264,127 200,612 286,368 303,342 424,016 410,244 243,293 333,517 406,334 88,890 51,875 594,291 422,783 192,412 63,185 455,021 142,724 45,507 33,357 156,801 1,207 2,311 3,498 6,069 15,166 25,624 28,779 15,498 45,571 32,691 33,166 21,989 1921. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 652,230 329,053 325,521 710,468 611,266 465,952 326,390 612,525 437,804 273,298 253,595 363,313 481,294 309,791 179,066 448,890 264,764 331,487 305,542 233,124 406,697 332,772 126,385 308,262 i 481,779 154,281 142,990 491,979 459,680 288,757 128,850 418,473 166,078 37,851 50,576 100,167 6,825 11,633 9,833 10,442 11,213 10,352 13,354 7,635 18,848 14,761 8,121 12,080 COCONUT OR COPRA OIL-CRUDE. YEAR AND MONTH. Produc- I s Conumption. tion. Stocks. CORN OIL—CRUDE. tt Il o n # I Con- j ! s u m p - I Stocks. I tion. j LINSEED OIL. TOTAL FISH OIL. Consumption. Stocks. Production. 113,232 121,318 120,703 47,286 53,551 59,706 65,425 78,457 99,611 Production. I Consumption. Stocks. 8,230 16,507 12,490 9,791 44,609 12,046 19,559 45,225 52,873 Thousands of pounds. 53,886 32,805 28,247 105,564 73,525 60,274 155,220 93,277 73,143 24,350 24,655 21,870 22,408 22,692 17,987 1920. Jan. 1 to Mar 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 39,682 31,047 33,607 26,882 98,501 73,475 55,623 66,499 87,287 100,593 101,219 84,009 32,213 24,928 28,221 13,256 27,998 22,211 25,272 14,153 7,271 6,703 1 6,845 ! 5,537 | 117,226 121,407 126,138 120,502 58,219 57,944 57,310 40,731 67,842 64,371 77,503 104, 111 4,188 19,943 26,284 15,612 18,373 10,796 8,863 10,153 40,109 30,767 49,714 60,310 1921. Jan. 1 to Mar. 31 Apr. 1 to June July 1 to Sept. 30 Oct. 1 to Dec. 31 23,062 19,900 34,439 35,588 61,531 52,771 64,992 61,802 65,447 70,239 77,219 79,667 15,670 19,028 25,004 27,779 13,395 15,848 19.568 23,135 5,469 5,841 7.335 9,726 118,787 118,781 107,716 137,528 38,134 66,505 65,324 68,861 122,308 83,144 69,601 123,391 1,038 2,585 23,384 22,952 11,194 13,453 17,139 36,450 53,296 60,467 53,637 44,093 1919 quarterly average 1920 quarterly average. 1921 quarterly average. 8,027 6,589 7,093 1 The figures given on pages 48 to 51 represent the movement of certain more important vegetable and animal fats and oils, as reported quarterly by the Bureau of the Census, Department of Commerce. The data cover factory production, factory consumption, and factory and warehouse stocks. The stock figures refer to the amount on hand at the end of each period. 50 PATS, OILS, AND RAW MATERIALS. INDEX NUMBERS. Based on data from Government sources.' (Base year in bold-faced type; numerical data on opposite page.} ANIMAL. FATS, GREASES, AND DERIVATIVES. TOTAL ANIMAL PATS. YEAR AND MONTH. ! Production. Consumption. TOTAL DERIVATIVES. TOTAL GREASES. Production. Stocks. Consumption. Stocks. Production. Consumption. 100 107 129 100 100 90 95 132 106 93 100 78 90 104 99 77 101 Stocks. Relative to 1919. 1919 quarterly average. 1920 quarterly average.. 1921 quarterly average. 100 112 129 100 103 107 100 133 164 100 124 122 1920. Jan. 1 to Mar. 3 1 . . . . Apr. 1 to J u n e 3 0 . . . July 1 to Sept. 30... Oct. 1 to Dec. 31 124 119 94 109 93 114 111 96 143 166 118 103 132 129 115 119 119 100 102 68 82 99 98 135 105 111 105 93 81 1921. Jan. 1 to Mar. 31.... Apr. 1 to June 30... July 1 to Sept. 30... Oct. 1 to Dec. 31 ... 139 135 114 127 106 108 106 106 167 232 137 121 128 127 111 123 74 89 82 106 140 157 148 121 101 162 155 80 88 93 92 100 100 142 RAW MATERIALS FOR VEGETABLE OILS. 1 PEANUTS—HULLED. YEAR AND MONTH. I Consumption. Stocks. COPRA. | s u mConp t i o n . CORN GERMS. Stocks, j Con- s u m p t l o n . Stocks. FLAXSEED. Con;j sumption. 11 Stocks. Relative to 1919. 1919 quarterly average. 1920 quarterly average.. 1921 quarterly average. 1930. Jan. 1 to Mar. 31.... Apr. 1 to June30... July 1 to Sept. 30... Oct. 1 to Dec. 31.... 1931. Jan. 1 to Mar. 31... Apr. 1 to June 30.. July 1 to Sept. 30.. Oct. 1 to Dec. 31... 100 10 12 12 4 1OO 298 18 100 60 50 100 48 100 99 84 1OO 64 53 1OO 104 105 1OO 250 192 1,161 8 12 10 73 56 61 49 90 42 31 30 128 101 112 65 109 51 49 45 103 104 106 103 156 250 36 13 9 14 41 33 63 64 14 13 49 30 63 74 96 104 52 48 44 68 103 103 94 122 101 169 179 320 1 See footnote, p. 49. 353 51 FATS, OILS, AND RAW MATERIALS. NUMERICAL DATA. From Government sources.1 [Base year in bold-faced type; index numbers on opposite page.] ANIMAL. FATS, GREASES, AND DERIVATIVES. TOTAL ANIMAL FATS. YKAR ANTH MONTH. Production. Consumption. TOTAL GREASES. Stocks. ConProducsumption. tion. TOTAL DERIVATIVES. Stocks. i Produci tion. Consumption, Stocks. 284,478 340,325 208,804 204,039 183,764 183,695 165,241 174,864 348,321 280,087 230,681 278,824 232,593 219,040 194,382 170,141 170,567 183,18fi 142,725 164,487 252,894 267,532 429,830 411,036 I 166,644 183,151 193,489 191,771 191,337 181,377 141,169 185,571 Thousands of pounds. 1919 quarterly averawe. 1920 quarterly average.. 1921 quarterly average. . ! 367,518 I 144,308 i 410,676 149,276 I 473,351 154,017 138,071 183,033 226,668 51,565 50,273 45,150 67,374 i 2 6 4 , 7 4 0 95,407 1930. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 3 0 . . . Oct. 1 to Dec. 31 457,460 436,845 346,900 401,499 134,460 163,829 160,077 138,737 197,143 229,794 163,105 142,090 61,535 51,677 52,675 35,204 54,927 66,925 66,036 90,892 1921. Jan. 1 to Mar. 3 1 . . . . Apr. 1 to June 3 0 . . . July 1 to Sept. 3 0 . . . Oct. 1 to Dec. 31 512,557 496,082 419,742 465,024 153,439 155,957 153,237 153,434 230,025 320,015 189,089 167,542 38,068 45,699 42,174 54,657 94,633 105,859 99,407 81,728 | | RAW MATERIALS FOR VEGETABLE OILS. PEANUTS—HULLED. COPRA. CORN GERMS. FLAXSEED. YEAR AND MONTH. Consumed. Stocks. Consumed. Stocks. Consumed. Stocks. ! Consumed, i Stocks. Tons. I 35,426 2,980 2,931 11,148 33,184 2,001 42,153 25,276 21,161 22,184 10,665 5,869 36,645 36,395 30,830 842 536 448 172,934 179,382 182,182 29,853 74,703 57,409 1920. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 1,709 2,276 3,716 4,218 129,474 869 1,330 1,064 30,921 23,808 25,784 20,591 19,901 9,366 6,786 46,987 37,163 41,105 20,323 915 430 415 382 177,397 179,402 183,168 177,561 46,484 74,539 62,485 115,302 1931. Jan. 1 to Mar. 31 Apr. 1 to June 30 July 1 to Sept. 30 Oct. 1 to Dec. 31 2,822 4,325 1,584 2,992 4,021 1,450 970 1,564 17,372 14,113 26,382 26,776 3,100 2,821 10,849 6,705 22,978 27,088 35,012 38,242 441 406 370 576 177,611 177,285 162,747 211,086 50,557 53,354 95,662 1919 quarterly average 1920 quarterly average 1921 quarterly average 1 See footnote on p. 49. 52 MISCELLANEOUS. INDEX NUMBERS. Based on data from Government and trade sources.1 [Base year in bold-faced type; numerical data on opposite page.] IMPORTS. YEAR AND MONTH. Fiber (unmanuBurlap. i factured). Relative to 1909-1913. 1909-1913 monthly average. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average APPARENT CONSUMPTION OF MEAT.* Beef. 144 82 116 111 95 118 71 120 107 109 140 117 January.. February. March.... April 117 115 137 121 113 116 169 114 May.... June July.... August. 103 142 107 153 152 173 192 191 September.. October November.. December.. 101 120 107 94 150 137 105 74 100 94 94 96 1917 monthly average.. 1918 monthly average. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. Pork. RAND GOLD OUTPUT. Relative to 1919. 1OO 112 108 100 95 100 114 115 115 I CANADIAN BANK CLEARINGS. RECEIPTS OF WOOL AT BOSTON. Domestic. Foreign. LOCOMOTIVES. Total. Total shipments. Relative to 1913. 153 1OO 85 82 111 100 95 103 105 1OO 118 112 127 1OO 228 391 371 100 149 191 196 100 39 37 75 96 104 1OO 93 82 115 129 1OO 149 155 132 144 174 210 181 103 96 95 93 92 130 113 132 65 468 506 419 266 315 225 224 213 122 152 110 121 73 65 36 106 188 86 118 123 205 177 198 194 92 85 96 94 50 41 41 33 182 260 583 979 87 103 194 299 64 41 34 43 156 154 152 167 210 207 210 191 95 98 100 96 29 97 118 163 224 190 146 126 84 123 126 152 61 56 58 76 70 173 175 237 55 200 242 246 239 93 90 86 87 89 50 34 39 155 26 167 150 108 43 72 70 144 143 80 137 82 64 83 79 158 104 135 150 186 161 167 183 76 92 93 26 30 46 42 315 733 1,229 860 107 228 378 272 72 58 53 60 128 108 99 101 77 88 77 92 139 167 160 148 184 170 161 94 93 94 97 58 95 183 231 26 47 75 107 76 145 167 25 26 19 31 41 37 39 93 89 148 128 169 188 175 170 167 192 208 200 94 93 83 74 109 81 81 112 43 50 90 78 91 72 84 102 33 25 9 29 51 111 103 247 143 25 1920. 101 94 89 91 1921. January.. February. March April May.... June July.... August. 96 75 46 September.. October November.. December.. 1922. January... February.. 168 March..... See footnotes on opposite page. 53 MISCELLANEOUS. NUMERICAL fiATA. From Government and trade sources,1 [Base year in bold-faced type; index numbers on opposite page.] APPARENT CONSUMPTION OF MEAT.* IMPORTS. CANADIAN BANK CLEARINGS. RAND | GOLD OUTPUT. RECEIPTS OF WOOL AT BOSTON. LOCOMOTIVES. YEAR AND MONTH. i Fiber ( u n j m a n u - , Burlap, f actured). Long tons. 1909-1913 monthly average.. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly a verge Beef. Domestic. Pork. Millions of dollars. 33,922 37,917 36,519 34,047 32,147 365,063 33,318 31,886 27,273 33,817 20,416 40,653 36,366 36,890 47,398 39,514 January.., February.. March April 33,478 32,928 39,207 34,755 May.... June... July.... August. September. October November.. December.. Total. Ounces. Thousands of pounds. Thousands of pounds. 28,613 32,596 32,960 32,769 41,060 Foreign. Total shipments. Number.! 429,322 775 659 637 859 732,779 698,275 757,823 772,128 13,483 15,894 15,142 17,100 5,278 12,012 20,660 19,583 18,761 27,906 35,801 36,683 306 119 114 230 427,141 465,686 447,129 413,968 365,213 321,411 360,829 279,897 416,280 434,436 1,021 1,115 1,351 1,627 1,400 751,855 701,722 694,174 679,803 676,167 17,510 15,275 17,825 8,809 11,977 24,705 26,682 22,093 14,030 16,613 42,215 41,956 39,918 22,839 28,589 336 371 223 199 111 38,354 39,222 57,258 38,685 474,725 394,136 452,564 419,027 526,820 240,331 329,424 344,964 1,591 1,374 1,534 1,505 670,503 625,330 707,036 687,000 6,715 5,559 5,545 4,494 9,597 13,727 30,791 51,691 16,312 19,285 36,335 56,185 196 126 105 132 29,449 40,618 30,623 43,824 51,433 58,713 65,280 64,797 440,919 396,977 386,180 391,946 435,730 431,936 426,581 466,523 1,626 1,607 1,627 1,484 699,041 715,957 736,099 702,083 3,928 13,077 15,950 21,912 11,806 10,056 7,701 6,675 15,734 23,133 23,652 28,587 188 172 178 233 28,945 34,354 30,661 26,959 50,766 46,443 35,466 25,063 448,827 419,017 428,474 314,828 485,552 489,236 664,403 153,860 1,549 1,872 1,909 1,849 682,173 662,472 633,737 636,204 12,008 6,699 4,580 5,242 8,203 1,369 8,839 7,901 ! 20,211 | 8,068 13,418 13,143 201 300 277 284 January... February., March April 19,374 26,852 27,571 26,733 48,903 48,542 27,278 46,341 366,334 287,596 371,697 351,513 441,303 290,900 376,784 420,438 1,440 1,249 1,294 1,418 651,593 558,137 671,123 681,382 3,465 4,035 6,143 5,695 16,608 38,718 64,866 45,380 20,073 42,753 71,009 51,075 220 177 161 185 May.... June... July.... August. 23,486 27,537 21,401 13,264 43,513 36,721 33,557 34,350 345,427 394,484 342,665 410,447 390,181 467,744 447,683 415,121 1,466 1,426 1,319 1,245 687,776 678,490 689,555 711,000 7,851 12,830 24,693 27,327 12,193 1,395 2,464 3,967 20,044 14,226 27,157 31,294 75 80 57 95 September. October November.. December.. 11,760 10,713 11,126 25,110 31,409 30,233 50,064 43,462 397,223 414,455 370,210 330,505 472,920 525,838 489,336 474,981 1,291 1,491 1,614 1,549 691,096 707,000 14,740 10,885 10,965 15,091 2,288 2,651 4,731 4,092 17,028 13,536 15,696 19,183 101 75 29 14,612 37,781 13,061 26,886 76 1917 monthly 1918 monthly 1919 monthly 1920 monthly 1921 monthly average. average. average.. average. average.. 1920. 1921. 1922. January.. February. March 1,304 13,825 | 1 Imports of unmanufactured fiber and of burlap from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Apparent consumption of meat has been computed from the inspected slaughter, less exports plus imports and the change in storage holdings. Canadian bank clearings are from Bradstreet's, • Rand gold output from Engineering and Mining Journal; receipts of wool at Boston from the Boston Chamber of Commerce; locomotive shipments are compiled from reports tyindvidua 7 producers and represent practically the total output of the country. * Includes meat produced under Federal inspection only. 54 METALS AND% LUMBER. (A) INDEX NUMBER^ AND (B) NUMERICAL DATA; Front commercial and trade sources.1 [Base year in bold-faced type.] COPPER.* NORTH CAROLINA PINE.3 ZINC. Produc- Stocks in Production In United tion in King- Belgium. United dom. States. Production. Shipments. COPPER. NORTH CAROLINA PINE. ZINC. Production!I Stocks in ! Produc- in United ii United I tionin Production. Shipments. States, jj Kingdom. | Belgium. YEAR AND MONTH. Relative to 1913. Relative to Apr.- Relative Dee. aver- to 1920. age, 1920. Relative to 1919. Thousands of pounds. B.—NUMERICAL DATA. A.—INDEX NUMBERS. 1913 monthly average 1914 monthly average 1915 monthly average 1916 monthly average 1917 monthly average 1918 monthly average. 1919 monthly average.. 1920 monthly average.. 1921 monthly average.. j 100 94 113 157 154 156 105 99 39 Thousands of feet, board measure. Short tons. 102,040 95,845 115,668 160,654 157,177 100 93 90 1OO 1OO 70 1OO 79 159,045 107,202 100,755 39,331 25,477 17,945 7,740 6,106 34,230 33,514 30,164 32,179 29,791 29,052 29,208 4,476 5,027 6,439 7,210 38,948 38,185 39,298 36,176 40,390 33,306 41,258 31,528 26,220 30,047 28,927 28,794 8,125 7,992 8,158 8,433 40,341 38,437 31,276 30,527 42,483 30,422 21,994 25,928 25,954 21,520 18,987 19,640 8,483 9, .007 8,841 9,359 33,068 33,103 28,042 14,763 27,370 21,525 22,715 18,571 16,635 15,239 16,158 19,538 9,161 7,199 5,115 4,762 11,221 21,539 24,423 28,693 15,883 19,215 20,020 21,805 21,280 21,002 20,331 19,473 4,806 4,817 5,457 5,512 26,999 29,316 30,989 31,360 23,604 29,995 32,879 28,553 5,500 6,019 6,801 8,122 32,396 39,347 42,497 43,190 30,758 42,406 42,980 40,530 9,092 42,490 32,370 1920. January... February. March April 58 114 126 65 112 104 128 83 115 115 93 106 May June July August.. 103 105 118 132 118 103 112 95 114 105 91 68 113 109 September. October.... November. December.. 102 110 97 85 84 116 97 67 75 114 82 71 77 121 43 58 81 1921. January... February.. March April 84 65 118 33 49 85,929 75 60 93 63 60 76,508 87 63 66 71 62 89,127 50 77 62 84 68 51,107 May June July August.. 24 84 62 79 73 24,235 19 82 62 86 93 19,434 17 80 71 91 102 21 76 71 92 September. October November.. December.. 21 72 71 95 96 20,927 24 68 78 115 132 24,614 22 62 88 124 134 22,348 18 56 105 126 126 18,595 18,374 17,275 15,738 14,297 25 50 117 124 100 25,848 12,781 17,790 21,414 1922. January... February.. March 1 Y Copper production, zinc stocks in United Kingdom, and zinc production in Belgium from American Bureau of Metal Statistics: North Carolina pine from the North Carolina Pine Association, Inc. * Data substituted for the production figures carried for copper in January number (No. 6). »Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in number from 31 to 65. The computed figures given are obtained by first determining for a given month the per cent which the actual production is of the normal production of the identical mills reporting. This per cent is then applied to an arbitraryfigureof 70,000,000 board feet which represents the approximate monthly average normal production of the mills which reported in 1919. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures. The resulting figure s represent a computed production as of identical mills for each month. Thefiguresare of the same order of magnitude as the actual reported production and shipments but avoid the rather wide variations due to different mills reporting in different months. 55 SOURCES OF DATA. CURRENT PUBLICATION. 1 DATE OF PUBLICATION. I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN. Price index for Australia. Price index for Japan AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS. BANK OF JAPAN Federal Reserve Bulletin.. Federal Reserve Bulletin.. Labour Gazette (Canadian). CANADIAN DEPARTMENT OF LABOR. . . Price index for Canada.'. Employment Employment in Canadian trade unions. Federal Reserve Bulletin Foreign exchange index numbers.. FEDERAL RESERVE BOARD Federal Reserve Bulletin and weekly press Debits to individual accounts releases.* Federal Reserve Bulletin and weekly press Condition of Federal Reserve banks releases.* Condition of reporting member banks Federal Reserve Bulletin and weekly press releases.* Money held outside U. S. Treasury and Federal Reserve Bulletin Federal Reserve Systems. Federal Reserve Bulletin.. Wholesale price index numbers Department store trade; in cooperation with Federal Reserve Bulletin. National Retail Dry Goods Association. Paper and wood pulp production, prices, etc.. Monthly press releases *... FEDERAL TRADE COMMISSION. INDIAN DEPARTMENT OF STATISTICS.. INTERSTATE COMMERCE COMMISSION. NEW YORK FEDERAL RESERVE BANK. NEW YORK STATE DEPARTMENT OF LABOR. PANAMA CANAL PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY. U.S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY. U. S. DEPARTMENT OF AGRICULTUREBUREAU OF MARKETS AND CROP ESTIMATES. U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS. U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE. U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION. U. S. GRAIN CORPORATION U.S. DEPARTMENT OF THE INTERIOR— BUREAU OF MINES. U.S. DEPARTMENT OF THE INTERIOR GEOLOGICAL SURVEY. Friday morning newspapers and monthly. Friday afternoon newspapers and monthly. Monthly. Monthly. Monthly. Newsprint, 20th to 25th of the month, other paper and wood pulp, 1st of following month. Second week of month. Price index for India Federal Reserve Bulletin.. Preliminary statement of operations of Monthly. Railway revenues and expenses Class I roads. Telephone operating revenue and income Not published ; Federal Reserve Bulletin and daily state- | Daily and monthly. Foreign exchange rates ment. New York State factory employment and Labor Market Bulletin and press releases * Monthly. earnings. Panama Canal traffic The Panama Canal Record. Last weekly issue of month. Unemployment m Pennsylvania. Semimonthly report * Semimonthly. Last weekly issue of month or first Beef and pork production Market Reporter2 of next month. Monthly. Monthly Crop Reportera Prices of farm products to producer . First weekly issue of month. Wool consumption and stocks Market Reporter * Monthly Crop Reporter * and press Releases about 1st of month (cotton) Crop production and 10th (other crops). releases.* Fourth weekly issue of month. Cold storage holdings Market Reporter2 Third weekly issue of month. Movement of cattle, hogs, and sheep Market Reporter» % Weekly. Market Reporter * Receipts of butter, cheese and eggs Quarterly. Production of condensed and evaporated milks Market Reportera Semimonthly during season. Preliminary report on ginnings *, Cotton ginned Preliminary report on cotton consumed.. 15th of montn. Cotton consumed and on hand Reports on wool machinery and on cotton 20th of month. Active textile machinery spindles.* First week of month. Leather, hides and shoes, production and Census of hides, skins, and leather * stocks. 18th of month. Preliminary report on cotton seed.. Cotton seed and cottonseed oil Quarterly (one month after end of Stocks of tobacco held by manufacturers and Statement on stocks of leaf tobacco. quarter). Quarterly (one month after end of Fats and oils, production, consumption, and Statistics of fats and oils *.. quarter). stocks. Bimonthly hereafter. Stocks of coal in cooperation with Geological Commercial stocks of coal *. Survey. Monthly Summary of Foreign Commerce. Last week of month. All imports and exports (Part I.)» Tonnage of vessels, entered and cleared in Monthly Summary of Foreign Commerce. Middle of next month. (Part II.) United States foreign trade. Data on trade employment and coal £nd iron Various sources production. Data on trade of foreign countries Various foreign sources. First weekly issue of month (MonVessels under construction and vessels com- Commerce Reports days). pleted. Wheatflourproduction, prior to July, 1920— No longer published Gasoline, production, etc ! Second week of month. Second week of month. Monthly. Semimonthly. Monthly (second week of month). Sunday newspapers and monthly. Portland cement, production, etc.. Coal and coke production Crude petroleum, production, etc Electric power production U. S. DEPARTMENT OF LABOR—EM- Number on pay roll—United States factories.. PLOYMENT SERVICE. U. S. DEPARTMENT OF LABOR—BU- Immigration and emigration statistics REAU OF IMMIGRATION. U. S. DEPARTMENT OF LABOR—BU- Wholesale prices of commodities, including farm products, food, clothing, metals, etc. REAU OF LABOR STATISTICS. Wholesale price index Retail price index of foods Retail coal prices United States postal savings U. S. POST OFFICE DEPARTMENT Postal receipts Refinery Statistics * Report on Portland cement output * Weekly report on production of coal * Preliminary statistics on petroleum * Production of electric power * Industrial Survey * Not published Not published Monthly Labor Review Monthly Labor Review Monthly Labor Review Postal Savings News Bulletin Statement of Postal Receipts * U. S. TREASURY DEPARTMENT Government debt, receipts and disbursements Daily Statement of the U.S. Treasury Statement of tax-paid products *.. U. S. TREASURY DEPARTMENT—BU- Oleomargarine consumption Production of manufactured tobacco, snuff, Statement of tax-paid products *-. REAU OF INTERNAL REVENUE. cigars, and cigarettes. Not published. U. S. WAR DEPARTMENT—ENGINEER Iron ore movement Not published. Sault Ste. Marie Canal traffic... CORPS. WISCONSIN INDUSTRIAL COMMISSION.. . Wisconsin factory earnings and employment. Bulletin on Wisconsin labor market * Second week of month. 20th of month. Second or third weekly issue of month (Saturdays). 25th of month. End of month. First week of month. Monthly. Monthly. Monthly. 12th of month. 7th of month. Last day of month. First week of month. First week of month. 15th of month. *1 Multigraphed or mimeographed sheets. This is not necessarily the source of thefigurespublished in the "Survey," as many of them are obtained direct from the compilers prior to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the "Survey." > 1 Beginning Jan. 7,1922, combined into new publication called Weather, Crops, and Markets. Imports and exports of gold and silver in Part II. 56 SOURCES OF DATA—Continued. CURRENT PUBLICATION. DATE OF PUBLICATION. H.-REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS. ABERTHAW CONSTRUCTION CO Building costs Construction trade papers. ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE. Sales of abrasive paper and cloth. Not published AMERICAN BUREAU OF METAL STATISTICS. _ opper production Zinc production in Belgium. Zinc stocks in United Kingdom Not published.. Not published AMERICAN FACE BRICK ASSOCIATION. Face brick production, stocks, etc. AMERICAN IRON AND STEEL INSTITUTE Steel ingot production Press release to trade papers * 7th of month. Freight car surplus Summary of Car Surplusages and Shortages.* Summary of Car Surplusages and Shortages.* Information Bulletin * Information Bulletin * Weekly. AMERICAN RAILWAY ASSOCIATION (Car Service Division). Freight car shortage Car loadings Bad-order cars. AMERICAN TELEPHONE AND T E L E - Stockholders in the company.. Financial papers. Weekly. Weekly. Third week of month. Quarterly. GRAPH Co. AMERICAN WRITING PAPER COMPANY. Purchases and sales of paper Not published AMERICAN ZINC INSTITUTE. Production and stocks of zinc Press release to trade papers * 15th of month. ANTHRACITE BUREAU OF INFORMATION Anthracite shipments and stocks. Statement of anthracite shipments * 15th of month. ASSOCIATION OF PRESIDENTS. New life insurance business.... Not published BOSTON CHAMBER OF COMMERCE Receipts of wool at Boston Trade papers Daily. BRIDGE BUILDERS AND STRUCTURAL SOCIETY. Fabricated structural steel sales. Press release to trade papers *. 15th of month. Summary of operating statistics., Not published Monthly. LIFE INSURANCE BUREAU OF RAILWAY ECONOMIC? 1 Number of tons carried ! mile Average receipts per ton-mile CALIFORNIA REDWOOD ASSOCIATION. . CALIFORNIA WHITE AND SUGAR P I N E ASSOCIATION. , Redwood lumber production, etc White pinje lumber production, stocks, etc Not published. Not published. CHICAGO BOARD OF T R A D E . Receipts and shipments of wheat and corn Trade papers. Daily. CREDIT CLEARING H O U S E . . . Credit conditions Credit Weekly. F. W. DODGE CO Building statistics—Contracts awarded Statement on Building Statistics. ENAMELED SANITARY MANUFACTURERS ASSOCIATION. Enameled sanitary ware Not published FEDERATION British iron and steel production. Trade papers.. ILLUMINATING GLASSWARE GUILD Illuminating glassware production, orders, etc Not published... KNIT GOODS AMERICA. Knit underwear production, etc Monthly report * LEATHER BELTING EXCHANGE Sales of leather belting Monthly report (not published). MOTOR AND ACCESSORY MANUFACTURERS' ASSOCIATION. Motor accessory sales and credit conditions... Credit Department Bulletin * . . . MERCHANTS' EXCHANGE OF ST. LOUIS Receipts and shipments of lead and zinc Receipts and shipments at St. Louis. MICHIGAN HARDWOOD MANUFACTURERS' ASSOCIATION. Hardwood lumber, production and shipments Not published NATIONAL ASSOCIATION OF SHEET AND TIN PLATE MANUFACTURERS. Sheet-metal production and stocks. Not published. NATIONAL ASSOCIATION OF MANUFACTURERS. 1913 figures for active textile machinery No longer published. NATIONAL AUTOMOBILE CHAMBER OF COMMERCE. Production and shipments of passenger cars and trucks. Traffic bulletin * (production figures not published). NATIONAL BOTTLE MANUFACTURERS' ASSOCIATION. Glass bottle production index j Not published NATIONAL INDUSTRIAL CONFERENCE BOARD. Cost of living j Monthly press release. NATIONAL RETAIL DRY GOODS ASSOCIATION. Department store trade (see Federal Reserve ! Federal Reserve Bulletin. Board). Monthly. N E W YORK COFFEE AND SUGAR E X CHANGE. Coffee receipts, stocks, etc Monthly statement First week of month. NEW Stocks of tin Trade papers. First week of month. OF IRON AND STEEL MANUFACTURERS (British). MANUFACTURERS OF WOOL YORK METAL EXCHANGE NORTH CAROLINA P I N E ASSOCIATION. OAK FLOORING ASSOCIATION. MANUFACTURERS' OHIO FOUNDRYMEN'S ASSOCIATION. . North Carolina pine, production, etc j Not published Oak flooring, production, etc | Not published Ohio foundry iron production Monthly report * (not published). * Multigraphod or mimeographed sheet*. Monthly. Second week of month. Monthly. First week of month 3rd of month. Second week of month. 21st of month. 57 SOURCES OF DATA—Continued. SOURCE. DATA. CURRENT PUBLICATION. PATE OF PUBLICATION. II.-REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS-Continued. PENNSYLVANIA RAILROAD CO Stockholders in the company REFRACTORIES MANUFACTURERS' ASSOCIATION. Fire-clay brick production, etc Silica brick production, etc Automobile tires, tubes, and raw material Raw silk consumption, etc Yellow pine production and stocks RUBBER ASSOCIATION OF AMERICA.... SILK ASSOCIATION OF AMERICA SOUTHERN PINE ASSOCIATION STEEL BARREL ASSOCIATION. MANUFACTURERS' TANNERS' COUNCIL U. S. STEEL CORPORATION., UNITED TYPOTHETAE OF AMERICA WEST COAST LUMBERMEN'S ASSOCIATION. WEBBING CUANQE. MANUFACTURERS' WESTERN PINE ASSOCIATION. EX- Steel barrel shipments Financial papers Not published Not published Monthly reports (2) not published Monthly press release to trade papers * Not published Monthly reports * (not published) Leather production. Unfilled orders Earnings Stockholders Wages of common labor. Not published. Pressrelease* Pressrelease* Financial papers. Special reports *.. Printing activity Douglasfirlumber production, etc 5th of month. 10th of month. Monthly. Quarterly. Occasionally. Monthly. Typothetae Bulletin. j Not published Sales of elastic webbing Quarterly. ! Not published. j MANUFACTURERS' Western pine lumber production, etc ! Not published. III.—REPORTS FROM TECHNICAL PERIODICALS. DATE OF PUBLICATION. AMERICAN METAL MARKET. THE ANNALIST THE BOND BUYER. BRADSTREET'S Composite pig iron and steel prices New York stock sales. New York closing stock prices State and municipal bond issues Muncipal bond yields Visible supply of wheat and corn , Bank clearings, United States and Canada. Price index COMMERCIAL AND FINANCIAL CHRONICLE... Price index for France.. Cotton (visible supply) Interest rates Mail order and chain store sales.. Dow, New York bond sales... New York bond prices. BULLETIN DE LA STATISTIQUE GENERALE.. JONES & Co. (WALL STREET JOURNAL) DUN'S REVIEW ENGINEERING AND MINING JOURNAL. ENGINEERING NEWS RECORD FRANKFURTER ZEITUNG IRON AGE IRON TRADE REVIEW LONDON ECONOMIST NEW YORK JOURNAL OF COMMERCE . NEW YORK EVENING POST OIL, PAINT, AND DRUG REPORTER OIL TRADE JOURNAL PRINTERS' INK Business failures. Price index Rand gold production.. Silver prices Construction cost and volume index.. Price index for Germany Pig-iron production Compositefinishedsteel price. Iron and steel prices Price index for United Kingdom. Dividend and interest payments. New capital issues New corporations Firo losses , Newspaper advertising Price indexes of drugs, oils, etc. I Mexican petroleum shipments Magazine advertising RUSSELL'S COMMERCIAL NEWS Wheatflourproduction, from July, 1920.. STATISTICAL SUGAR TRADE JOURNAL Sugar stocks and meltings * Multigraphed or mimeographed sheets. O ..! ..j .i .. First or second week of month (daily). First woekly issue of month (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). Monthly. Weekly (Saturdays). Weekly (Saturdays). Second or third weekly issue of month (Saturdays). First week of month (daily). First week of month (daily). First weekly issue of month (Saturdays). First weekly issue of month (Saturdays) Second weekly issue of month. Second weekly issue of month. First weekly issue of month Monthly. First weekly issue of month (Wednesdays). Weekly (Wednesdays). Weekly (Thursdays). 10th of month. First week of month (daily). First week of month (daily) First week of month (daily) 10th of month (daily). Not published. Weekly (Mondays). 10th of month (monthly). Second week of month. Weekly compilation (daily). Weekly (Fridays)