Full text of Survey of Current Business : May 1926
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UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF MAY, 1926 No;;57, COMPILED BY BUREAU OF THE CENSUS BUREAU OF FOREIGN AND D^ BUREAU OF STANDARDS IMPO&TAJSlt If OTICE In ad&ition to figures given, from Government sources, th&r& are also incorporated for completeness of service figures from other sources generally accepted by the trades* the authority and responsibility / for which are noted in the "Sources of Data" on pages 152^135 of the February, 192,6, issue ? Subscription price of the SURVEYOR CtfkkENT BUSINESS is $1.50 a year;, single copies (monthly), 10 cents; semiannual issues, 25 cents. ForeSgfi subscriptions, 32.25; single copies (monthly issues), including postage, 14 ceijts; semiannual issues,*36 cents/ Subscription price of COMMERCE REpoRts is $4 a year; with the SURVEY, $5,50 a year. Make remittances only to Superintendent of Documents* Washington^ D, C-> by postal money order, express order, br ( New , York$ raft* Currency at sender's risk. Postage stamp? pr foreign money not a WASHINGTON : GOVERNMENT PRIMTINQ OFFICE : 1926 * INTRODUCTION per cent over the base period, while a relative number of 80 means a decrease of 20 per cent from the base. Relative numbers may also be used to calculate the approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative number at one month is 120 for a later month it is 144 there has been an increase of 20 per cent. In many instances comparable figures for the prewar years are not available, and in such cases the year 1919 has usually been taken as the base. For some industries 1919 can not be regarded as a proper base, due to extraordinary conditions in the industry, and some more representative period has been chosen. In many cases relative numbers of less importance have been temporarily omitted. Most of the relative numbers Appear in a special Realizing that current statistics are highly perish- section of the semiannual issues, as in Tables 107 to able and that to be of use they must reach the business 127 of the February, 1926, number, thus allowing easy man at the earliest possible moment, the department comparison on a pre-war base for all items for which has arranged to distribute advance leaflets everv week relatives could be computed. to subscribers in the United States. The leaflets INDEX NUMBERS are usually mailed on Tuesdays and give such information as Has been received during the preceding When two or series of relative numbers are week. pThe information contained in these leaflets is combined by a more system weightings the resulting also reprinted in "Commerce Reports/* issued weekly series is denominated an ofindex numper. The index by the Bureau of foreign and Domestic Commerce. number, by combining many relative numbers, is The monthly bulletin is distributed as quickly as it designed to show the trend of an entire group of incan be completed ,and printed. dustries or for the qountry as a whole, instead of for the single commodity or industry which the relative BASIC DATA number covers. Comparisons with the base year or other periods are made in the same manner as in The figures reported in the accompanying tables are with the case of relative numbers. very largely those already in existence. The chief function of the department is to bring together these RAtlQ CHARTS data which, if a viable at all, are scattered in hunIn many instances the charts us&d in the SEFBVEY dreds of different publications. A portion of these clata are collected by Government departments, other OF CuBBBNT BUSINESS are of the type teamed "Ratio figures are compiled by technical journals, and still Charts" (logarithmic scale), notably the Business Indicator charts on page 2. TJiese charts show the others are reported by trade associations. percentage increase and allow direct .comparisons between the slope of one curve and that of any other i RELATIVE NUMBERS curve regardless of its location on the diagram; that To facilitate comparison between different items and bf .a 10 per cent increase in an item is given the same raider the trend oti movement more apparent, rela- vertical movement whether its curve is near the bottive numbers (often called "index numbers/" a term tom or near the top of the chart. referring more particularly to a special ,lqnd of number The difference between this and the ordinary form described below) have been calculated. The relative of a chart can be made clear by an example. If a numbers enable the reader to see at a glance the certain item, having a relative number of 400 in one general upward or downward tendency of a move- month, increases 10 per cerit in the following month, ment which can not so easily be 'grasped from the its relative number will be 440, an4 on, an ordinary actual figures. chart would be plotted 40 equidistant scale points In computing these relative numbers the last pre- higher than the preceding month. Another movewar year, 191?, or in some instances a five-year aver- ment with a relative number of, say, l>0 qlsp increases age, 1909-1913, has been used as a base equal to 100 10 per cent, making its relative number 55. On the ,wnerever possible. ordinary (arithmetic) scale this item would rise only 5 The relative numbers are computed by allowing the equidistant points, whe^e^s the previous item rose 40 monthly Average for the base ydar OF period to equal points, yet each showed the isame percentage increase. 100. If the movement for a current month is greater The ratio charts avoid this difficulty and give to each than the base, the relative number will be greatei* than of the two movements exactly the same'yertical rise 100, and vice versa. The difference between 100 tod #nd hence the slopes of the two lines ate directly the relative number will give at once the per cent comparable. The ratio charts compare percentage increase or deptease compared with the base period. changes, while the arithmetic charts compare absolute Thus a relative nuniber of 115 means an increase of 1|} changes. THE StrBVEY OF CXTBBENT BUSINESS is designed to present each month a picture of the business situation oy setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, for each item, monthly figures for the past two years and yearly compa^risons, where available, back to 1913; also blank lines sufficient for six months have been left at the bottom of each table enabling those who care to do so to enter new figures as soon as they appear (see issue for February, 1926, No. 54). In the intervening months the more important comparisons only are given in the table entitled " Trend of business movements." ADVANCE SHEETS Thin issue presents practically complete data for the month of March and also items covering the early weeks of April, received up to April ?4. (See charts and table, pp. 4 and 6.) As most data covering a particular month's bust" ness are not available until from 15 to 30 days after the close of the month, a complete picture of that month's operations can not be presented at an early date, but the advance leaflets give every week the latest data available* UNITED STATES DEPARTMENT OF COMMERCE WASHINGTON SURVEY OF CURRENT BUSINESS COMPILED BY BUREAU OF FOREIGN AND DOMESTIC COMMERCE BUREAU OF THE CENSUS BUREAU OF STANDARDS MAY No. 57 1926 CONTENTS TEXT MATERIAL TREND OF BUSINESS MOVEMENTS Page 1 Preliminary summary for April Course of business in March: General conditions 9 Summary of indexes of business, 10 Review by principal branches of industry and commerce 12 BASIC CHARTS Monthly business indicators Weekly business indicators Wholesale prices in March Automobiles, building, iron and steel, and locomotives Production, stocks, and unfilled orders Wholesale price comparisons by groups 2 4 6 8 10 GENERAL TEXT TABLES Monthly business indicators Weekly business indicators Wholesale price comparisons Business summary Indexes of business (production, prices, sales, etc.) Textiles and buttons . Metals and fuels__ Automobiles, leather, and paper Paper and printing Building construction and housing Lumber products Stone, clay, and glass products Chemicals and oils Foodstuffs Transportation, tobacco, and public utilities Employment and wages Distribution movement Banking and finance United States foreign trade and foreign exchange Canadian trade and industry Page 30 31 34 36 37 37 39 40 41 44 46 47 48 50 51 NEW DETAILED DATA 3 5 7 9 22 Railroad locomotives Automobile production and cotton textiles Commercial steel castings Kerosene consumption by States Miscellaneous 25 26 27 28 29 PRELIMINARY SUMMARY FOR APRIL [Based on weekly data in charts and tables appearing on pp. 4 and 5] Reports for the early weeks of April indicate sustained activity as compared with the same weeks of 1925. Larger production of bituminous coal and beehive coke, an increase in the output of lumber, an advance in the volume of new building contracts awarded, and a greater distribution of merchandise, as seen from car loadings data, were recorded during this period, as compared with the corresponding weeks of 1925. Debits to individual bank accounts, indicative of the dollar volume of trade, were also running larger for the first three weeks than a year earlier. Wholesale prices averaged lower than in 94585—28 1 either March or a year ago, while business failures were running smaller than in either the previous month or a year ago. Loans and discounts of Federal reserve banks were declining during April but were still well above the preceding year. Prices of stocks, averaged for the first three weeks, were lower than in March. Call loan rates showed little change from the previous month, with an easier tendency toward the close with the decline in the rediscount rate of the New York Federal Reserve Bank. Time money rates were easier than in March, while the Federal reserve ratio was somewhat higher. MONTHLY BUSINESS INDICATORS: 1920-1926 [Katio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production for the varying number of working days in the month] RELATIVE TO 1919 AS 100 RELATIVE TO 1913 AS 100 350 300 1920 1921 1922 1923 1924 1925 1926 192Q 1921 1922 1923 1924 1925 1926 BANK DEBITS, 141 CENTERS PRICES 25 INDUSTRIAL STOCKS 200 100 150 WHOLESALE TRADE, 6 LINES INTEREST RATES, COMMERCIAL PAPER 100 80 60 50 250 200 DEPT.' STORE TRADE (359 STORES WHOLESALE PRICES (DEPT.OF^LABOR ) S^ 100 . —I 250 200 1 [ 1 FARM PRICES ( DEPT. OF AGRICULTURE,)- 100 80 150 100 80 8 UJ CO MANUFACTURING PRODUCTION— 60 150 100 x 80 40 200 100 80 60 AUTOMOBILE PRODUCTION ( PASSENGER CABS AND TRUCKS) 200 100 80 400 300 200 100 80 — BUSINESS FAILURES,-j— DEFAULTED LIABILITIES 60 BUILDING CONTRACTS AWARDiEQ (27 STATES) 40 30 1920 1921 1922 1923 1924 1925 1926 1920 1921 1922 1923 1924 1925 1926 MONTHLY BUSINESS INDICATORS The following table gives comparative relative 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 relative 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 relative 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 relative numbers, compared to previous months, does reflect the present tendency in each item and will give a basis for business judgment. 1926 1921 MONTHLY AVERAGE ITEM 1920 1921 1922 1923 1924 1925 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 1913 monthly average- 100 Production: Pig iron Steel ingots _. . .. .. Copper Cement (shipments)...... .. Anthracite coal Bituminous coal Electric energy (gross revenue sales) Crude petroleum Cotton (consumption) .... Beef Pork Unfilled orders: United States Steel Corporation Stocks: Crude petroleum' Cotton (total) Prices:^ Wholesale index Retail food Retail coal, bituminous Farm products Business finances: Defaulted liabilities Price 25 industrial stocks Price 26 railroad stocks Banking: Clearings, New York City Clearings, outside Commercial paper interest rate Distribution: Imports (value)..., . .. „ Exports (value)....... . Sales, mail-order Transportation: Freight, net ton-miles t »_ 127 130 158 165 135 138 94 77 3 2 132 135 558 589 294 288 124 125 152 139 162 168 120 135 99 108 98 119 283 178 105 119 113 54 64 38 107 99 87 312 189 97 113 117 87 114 80 131 58 85 349 224 109 126 130 130 144 120 153 104 118 407 295 117 130 160 101 122 128 164 99 101 434 287 99 133 151 118 146 136 177 68 109 470 304 115 139 128 132 166 144 69 97 130 522 287 127 146 199 126 149 134 81 94 98 480 261 118 105 152 139 166 145 139 93 94 457 292 125 129 115 127 142 137 195 98 85 449 297 128 131 109 114 137 137 226 107 89 429 329 114 132 116 104 127 136 237 102 93 421 322 106 127 136 104 122 133 245 109 99 419 325 104 145 107 106 136 132 249 113 113 429 323 96 135 96 106 138 132 240 1 117 453 313 104 144 D7 118 154 138 207 1 133 495 311 117 173 122 118 155 131 137 2 127 535 297 117 137 127 170 90 96 102 68 73 85 89 82 75 69 63 60 59 63 70 78 85 143 155 171 198 265 153 311 125 369 111 290 129 296 172 295 150 294 126 294 103 297 80 296 61 294 45 289 56 287 130 284 185 283 216 226 203 207 205 147 153 197 116 149 142 188 124 154 146 190 135 150 146 169 134 159 145 167 147 160 154 170 146 161 151 172 146 161 151 169 151 156 151 161 147 155 152 159 146 157 155 158 148 160 160 159 149 160 160 160 152 160 159 168 144 158 162 170 143 108 184 67 229 136 64 228 169 75 197 185 72 198 198 81 162 262 99 238 233 96 176 238 98 149 235 95 163 233 92 162 245 96 161 248 96 151 256 97 163 272 101 134 280 102 257 275 134 205 212 118 230 230 80 226 276 90 264 284 71 300 315 73 339 323 66 267 274 66 296 311 71 290 308 72 302 297 70 305 317 70 297 323 71 256 293 72 294 331 264 140 181 188 177 154 204 212 168 259 201 185 284 236 198 327 232 216 308 223 179 299 258 219 318 233 193 322 219 179 262 218 156 271 218 164 248 137 105 115 139 131 139 135 123 129 123 136 131 139 134 178 147 129 115 116 114 151 132 79 27 117 553 264 122 120 127 292 136 136 136 83 78 74 278 237 275 226 272 213 272 192 158 167 179 144 156 166 179 143 156 164 179 143 155 162 179 143 152 160 170 140 129 298 102 157 305 107 160 305 111 191 309 111 150 309 109 134 272 105 276 313 76 329 353 80 298 319 79 342 348 79 344 341 79 272 288 75 356 339 77 228 184 255 234 203 309 250 237 464 252 216 396 266 226 473 279 192 336 260 170 322 298 181 357 153 151 161 149 139 138 130 1919 monthly average- 100 Production: Lumber*.... _ . .. Building contracts . Stocks: Beef Pork Business finances: Bond prices (40 issues). ... Banking: Debits outside New York City . Federal ReserveBills discounted Total reserves . ... Ratio. . 102 72 86 69 117 102 133 106 129 108 141 138 121 91 122 83 136 138 143 157 146 148 151 143 141 145 104 166 153 155 157 148 140 146 127 137 113 117 130 90 146 150 66 98 42 83 29 70 32 91 34 90 34 82 59 85 55 94 49 90 41 88 31 81 26 96 21 89 19 76 17 59 20 46 31 45 36 56 34 67 33 74 30 78 86 87 107 104 108 112 110 111 111 111 113 114 112 111 111 111 112 112 114 115 115 114 91 95 107 108 121 127 106 121 117 116 123 123 113 119 137 121 137 134 114 133 132 97 80 91 122 122 28 144 154 39 146 152 19 146 160 26 134 149 14 141 155 22 138 151 21 137 154 21 137 154 21 136 153 24 135 153 24 134 154 30 132 149 33 131 144 30 132 144 32 131 142 39 129 134 23 135 149 28 133 147 33 133 146 i Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture. 1 Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000.000 board feet reported by the census. ' Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods. WEEKLY BUSINESS INDICATORS [See table on page 5] WEEKLY AVERAGE, 1922 -1924 = 100 . B ITU Mir> . _ _ 1 JAN. FEB. ous COAL PRO DUCJTIOI ^ NOV. JUNE JULY AUG. SEPT. OCT APR. FISHER'S INDEX,WEEKLY AVERAGEI&23H 924=100- VVHE AT - n, :*v I4O -.V 320 JAN. FEB. MAR. FtEC APR. EIP1 •s FISHER -s>WHO LES>ALI •PR ICE INC EX •FEB. JMAR. APR. SEC. AUO. JULY i V *«• IAA lUU V ^ ao .'"•• •••v ..-•• V 240 105 .** 160 60 ;*. \ 120 100 80 LUMBER PRODUCTION KJQi 100 .y l/v\ _•*• ..-• £> **s / V. / ^S BEEHIVE COKE PRODUCTION 8 i I s § 8 I -A '••% •v. \ / .....' V, r ~ if 1 85 • S^ ,— *•••.., 60 180 160 140 120 100 80 V* - 100 i 80 140 , . V • •"***. -J— U-H / ft! iiy 1: : *•' 1 TV : / * p V i —i : r. g • If 160 / .* ..* *.*. pv 1 f. 1 140 120 /vi*LJ_ OCT. NOV. OEC. 40 • • "1 .• *L v y\ .«'./ T :• .«* V *• , :/ J' ; : :/V\ ,•*. : CALL MONEY RA'res ! 7 P S^ 100 1" 1 80 — \. V •/•.* .• \ I' ••.-' \." 1 *. V I '" : 1 /V !» K s ta BUSINESS FAILURES (NUMBER) (40 1 RO SEPT. 1 — :\ inn IUU ' V 60 JUNE JULY DEBITS TO INDIVIDUAL ACCOUNTS ,, 100 60 on MAY 11 I * jli.ll FEB. MAR. APR. 1 •*«... ...«"* .*"•*• 120 HO 3 R ECE IPTS 200 130 '•: fi •; : tr' r* M K ? i LOANS AND DISCOUNTS (F.R, MEMBER BANKS) •JX 140 JBUILDING CONTRACTS ^ ? •A- ^ 40 ! ' i /'* 80 f 40 \ j .•* 60 viHi-J_ FA~I ** A £ 110 T, ^T .**** PRICE NO. 2 RED WINTER 120 i 1 w HE AT 160 130 *'"*•- 120 1 f •. 120 CAR LOADINGS 200^ *"*... .. nW-- rv •../* c ATTl_E FRECEIPTS f *•» 140 / 1111 111 —n : w\ A <x -._— SO 160 1 80 *M "***• 180 0 ,." X ! ss- J. i — i_j_ P ETROLEUN1 PRODI CTI ON(DAILY AVERAGE) ..'••* ....«• *"•*... '**. ..I'**"' IRON AND STEEL COMPOSITE PRICES 100 *" ?*• 40 „,,... MIDDLING NEW YORK 7»ss^ 105 / \ 100 120 ••*. 120 100 » .* + V COTTON PRICES COTTON RECEIPTS 200 160 .....' ".. /"" i/ •yj i 240 / ** ***-L f"* 60 •**• . !/><**> RELATIVE NUMBERS - • V. too '•.....I-**-* ***** •**••* 280 IfiOr A *«./*. V I I 320 .•••*. NOV. DEC. 80 360r \ SEPT. * *.^ /J :,**•• i i, 60, 140 f J 120 '\ ,***.* \ on -I** ^\ \ 100 *\* •••1 J v' '\ \ \ *. V .-' 40 • .**' :.*' JULY AUG. 2BO X '"*'* ..«•*' JUNE MAY .,A ..... .* "• , * V'- A *•%. *> •• N' : : 120 ^ 100 80 ff ^ I*/ X Vr V •" . • / \, *.• % .*. f\ •'*' \ } 60 li4,J JAN. MAY ..... 1925 1926 JULY AUQ. 8EPT POT. NOV. OEC. Receipts of cattle Receipts of hogs 56.7 54.5 44 3 38.6 80.9 72.3 68.9 51.5 86.5 94.5 90.7 92.0 87 2 88.9 91.5 79.0 106.9 106.5 105.7 104.6 98.1 96.2 98.1 95.1 99.8 99.4 98.9 98.2 169.1 155.3 143. 1 135.0 113.3 113.3 113.0 112.4 130.1 113.1 127.2 112.5 93.9 103.0 81.8 100.0 97 0 104.2 103 5 119.7 113.0 112.4 112.3 112.3 118.2 117.2 118.7 118.3 100.0 97.0 84.8 97.0 98.5 108 5 107.0 116 9 107.8 126.6 112.7 118.9 111.5 90.9 84.8 90.9 90.9 97.0 117.2 105.5 110.7 101.0 105.0 1 2 c& o 1 Business failures Receipts of cotton 101.3 117.5 191.8 121.6 Debits to individual accounts Receipts of wheat 102.2 101.6 100.0 102.4 Bank loans and discounts Building contracts 106.6 106.9 106.6 105.4 Price of No. 2 wheat Car loadings 106.6 106.6 99.1 96.9 Price of iron and steel (composite) Petroleum production 107.] 110.5 104.8 110.5 Price of cotton middling Beehive coke production 103.4 95.2 91.2 92.0 Wholesale prices Lumber production WEEK ENDING *— Bituminous coal production WEEKLY BUSINESS INDICATORS 1925 Mar. 7 14 21 28 _. Apr. 4 11 18 25 83.1 86.4 82.8 88.5 108.1 110.5 110.5 113.8 96.5 93.0 88.2 82.9 105. 9 109.3 114.1 118 2 101.4 100.8 101.4 105.4 172.6 170 5 151.9 165 6 35.0 21 6 34.2 23 5 43.0 42.1 41.7 45.5 85.2 85 9 92.9 87 1 57.1 68 9 80.3 83 3 102.3 103.0 102.8 101 4 91.3 92.1 92.5 92 5 97.9 96.6 96.0 95.0 May 2 9 16 23 30 ... 88.0 91.2 92.0 93.1 89.7 112.4 115.7 111.4 114.8 110.5 74.1 62.7 59.6 63.6 57.9 119.7 122.7 126.4 126.9 128.7 107.9 107.9 108.3 101.8 107.8 183.6 147.7 134.6 164.8 152.4 34.3 38.4 317 62 5 65.7 36.6 37.4 27.7 29.4 29.4 87.5 87.1 91.6 87 1 83.9 91.2 72.5 81.4 78.2 90.9 100.4 102.4 102.9 101.2 102.9 92.1 88.3 84.2 88.7 89.8 94.4 94.3 93.7 93.0 92.6 142.3 156.1 154.5 154.5 113.2 112.8 112.6 112.0 112.1 92.3 95.0 92.6 95.4 113.8 115.7 112.4 112.4 56.1 59.6 56.6 56.1 128.8 123.9 120.5 119.2 109.4 108.5 108.0 109.0 125.1 134 4 184.9 150.4 69.2 58 2 55.6 60.5 26.4 20 9 18.7 17.4 82.6 86 2 70.1 86.2 91.5 91 2 89.5 87.5 102.4 102.2 102.9 103. 9 93.2 89.4 91.3 92.5 92.5 91.6 91.1 90.9 151.2 157.7 152.0 146.3 112.7 112.8 112.9 113.0 115.9 110.7 126.5 115.5 103.0 93.9 90.9 112.1 90.1 94 5 105.7 97.0 June 6 13 20 27 4 11 18 25 81.0 95.2 98.8 102.9 90.0 98.6 108.1 107.1 " 52.6 56.6 55.7 54.8 118.0 118.0 116.0 115.8 95.0 108.0 111. 1 113.2 142.5 124.0 132.0 134.6 59.9 91.4 93.3 140 5 13.6 13.6 24.3 26.8 101.0 100.6 106.4 100 3 65.1 69.3 77.0 64.3 103.5 103.8 104.6 104.5 89.8 91.7 92.1 95.5 91.1 91.1 91.1 91.1 128.5 132.5 127.6 114.4 113.6 113.7 113.3 129.4 116.6 120.4 119.9 121.2 100.0 97.0 100.0 92.3 77.1 101.0 106 0 Aug. 1 8 15 22 29 104.2 109.8 113.0 115.9 122.6 113.3 112.4 115.7 120.0 115.7 53.5 53.9 53.9 63.2 72.4 115. 9 117.3 116.1 116.3 116.0 114.7 115.6 117.1 118.7 123.6 202 6 168.0 179 4 194.4 153.8 165 9 143.9 122 2 108.1 108.3 40.0 31.9 45 5 71.9 116.6 104.8 109.0 117.4 119.0 114.8 67.8 63.5 62 1 57.7 61.5 104.8 105.1 104 6 103.4 103.9 94.0 92.8 89.8 89.4 86.4 91.1 91.1 91.1 91.1 90.6 129.3 136.6 139 0 135.8 137.4 113.1 113.8 114.4 114.4 114.4 107.1 120.1 109.5 114.6 105.9 100.0 106.1 97.0 100.0 106.1 89.3 90.1 79 4 92.5 86.3 Sept. 5 - -. 12 19 26 119.3 110.0 119.9 125.3 117.6 112.4 119.0 115.7 72.8 73.2 75.0 77.2 117.3 116.9 116.9 115.5 121.2 107.2 120.7 123.2 152.4 97.7 162.3 136.0 136.0 158 1 170.4 180.6 177. 9 197.0 244.3 279.1 113.8 89.7 109.6 122.8 62.8 56.8 61.8 62.0 103.2 103.0 103.6 103.1 85.7 90.6 92.5 90.2 90.6 90.9 90.9 91.0 137.4 139.0 140. 7 138.2 115.3 115.0 116.3 116.6 111.5 95.3 128.1 122. 3 100.0 106.1 100.0 118.2 82.3 70.2 89.1 89.6 3 10 17 24 31 121.3 128.7 129.7 133.2 137.5 114.8 116.7 114.8 116.7 116.7 82.0 89.0 99.1 98.2 114.5 114.9 114.9 114.2 113.3 113.2 122.3 121.6 121.6 123.3 120.0 234.8 132 0 117.6 130 6 157.8 149.0 113 4 90.7 74 6 81.0 311.9 309.4 337.4 327.7 325.1 142.8 156.6 155.9 149.5 143.7 78.1 73.4 70.7 70.6 80.6 102.3 101.7 102.0 101.7 102.9 87.5 83.4 81.9 82.3 74.7 91.1 91.1 91.1 91.5 92.4 125.2 130.1 138.2 118.3 118.2 118.6 118.7 118.9 126.9 138.7 118.0 137.5 122.4 121.2 112.1 100.0 103.0 121.2 87.3 90.5 83.8 80.6 92.8 Nov. 7 14 21 28 134.1 134.0 138.8 127.8 114.8 112.4 113.8 106.2 128.1 129.4 124.6 128.5 112.8 111.8 112.5 112.1 116.9 115.5 116.3 101.5 175.8 141.5 147.2 104.3 95.8 86.5 104 5 104.7 323.8 288.5 289.8 285.1 136.7 124.4 119.0 88 7 85.0 87.5 97.6 79.0 103.3 103.4 103.6 104.2 79.2 78.9 78.5 80.8 93.6 94.3 94.5 94.6 136.6 138. 2 137.4 140.7 120.0 119.9 119.9 119,4 131. 8 114.4 145.8 124.4 112.1 109.1 112.1 121.2 88.1 102.7 109.0 95.3 Dec. 5 141.8 142.2 139.8 92.9 108.1 110.5 111.4 72.9 130.7 127 6 137.3 114 5 111.9 111.2 110.5 109.8 112.2 110.9 106.4 77.1 181.4 142 1 142.3 110 2 117.3 116 3 104.1 74 4 293.6 283.0 242.6 206.8 123.5 125 1 119.3 65.3 110.0 110.2 102.8 70.6 105.1 103.6 102.7 102.9 78.5 74.3 73.2 74.7 95.3 95.2 95.2 95.2 143.9 119.8 120.2 120.4 120.8 124.7 123.9 141.4 133.6 121.2 124.2 124.2 142.4 105. 0 107.5 112.7 83.1 117.5 143.5 144.0 136.9 138.4 56.7 81.4 94.3 101.9 103.8 128.5 127.2 136.4 150.4 148.7 108 2 107.7 106.8 105.7 103.8 81.5 99.7 103.0 101.3 101.7 152 3 131.8 119.2 182.7 115.5 41 6 75.7 63.0 55.9 53.0 174.0 132.8 112.3 119.6 106.0 71.4 103.9 105.1 102.2 83.3 97.2 122.7 112.5 94.7 102.0 103.8 103.8 103.4 103.7 104.0 78.1 78.5 79.6 78.9 78.5 95.5 95.5 95.5 95.3 94.9 152.8 153. 7 152.8 152.8 148.8 121.8 121.3 120.2 120.0 119.3 109.8 153.2 129.8 135.2 124.0 145.5 97.0 109.1 97.0 109.1 93.0 137.3 142.5 127.6 128.4 134.0 132.3 126.8 120.0 108.1 110.5 108.1 107.1 161.0 158.8 154.8 140.4 104.5 104.3 104.3 105.6 100.6 100.8 102.4 100.3 93.2 77.0 102 8 146.7 51.9 48.9 60 8 40.6 101.3 97.9 87.7 71.1 87.8 85.5 78.8 82.3 94.4 93.7 79.0 80.9 104.0 103.3 102.0 101.3 78.5 78.5 78.5 75.1 94.9 94.9 94.7 94.7 156.1 148.8 145.5 147.2 119.6 119.8 119.4 119.2 132.4 123.3 121.7 107.7 112.1 118.2 115.1 127.3 128.9 94.8 118.9 104.0 Mar. 6 115.2 117.8 113.1 106.0 109.5 111.4 114.8 118.1 115.8 115.4 115.4 109.7 105.3 106.1 105.8 106.0 106.0 106.3 107.4 106 4 106.4 119.6 167.0 157 1 45.7 36.6 42.1 42 1 68.5 65.5 68.1 71.5 81.0 83.3 85.9 88.4 90.1 82.9 85.6 78.6 100.3 99.9 100.1 98.8 73.6 74.0 72.8 72.8 94.7 94.7 94.6 94.6 139.0 137.4 142.3 130.1 119.8 119.0 119.3 119.3 143.5 121.7 133.6 122.2 112.1 103.0 103 0 118.2 120.4 122.1 97.5 110.2 Apr 99.6 103.9 116 7 115.7 119.0 102 6 301.3 106 7 1C6. 7 106.4 102 0 102 2 165 1 207 4 184.9 31 4 39 4 57 4 51.9 48.1 69 8 74.3 59 9 68.9 98.9 98.2 98.8 73.2 72.8 72.5 71.3 94.6 93.8 93.8 93.6 136.6 120.2 119.4 118.9 124.0 133.1 125.8 115.1 97.0 109.1 98.5 99.8 108.2 July Oct. 12 19 26 1996 Jan 2 9 16 23 30 Feb. 6 13 . ._ 20 27 13 20 27 3 10 17 24 8 15 22 29 1 Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American Railway Association; Building contracts from F. W. Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture, Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from Federal Reserve Board; Call-money rate from Wall Street Journal; Business failures from R. O. Dun & Company. 1 The actual week for all items does not always end on same day. WHOLESALE PRICES IN MARCH [Bars denote percentages of increase or decrease in the wholesale prices of specified commodities as compared with the same month of 1925 and 1924] COMPARISON WITH PREVIOUS MONTH COMMODITIES COMPARISON WITH SAME MONTH 1925 DECREASE INCREASE 20 10 0 10 20 DECREASE 50 40 30 COMPARISON WITH SAME MONTH 1924 INCREASE 20 10 0 10 20 30 40 50 DECREASE 60 70 80 50 40 30 20 INCREASE 10 0 10 20 30 40 50 60 70 FARM PRODUCTS, AVERAGE PRICE TO PRODUCER WHEAT &m CORN m COTTON COTTONSEED ( LAMBS ^^ 1 I ^ • i - , i I V///////, , , , •, , , FARM PRODUCTS. MARKET P RICE ! WHEAT. SPRING I l l '% WHEAT, WINTER V///////, OATS ••••••• "m CORN NO.2 RYE NO 2 1 WOOL^ GREASE (BOSTON)- — r d z i f \/ HOGS, HEAVY SHEEP, LAMBS FLOUR, SPRING- mm. v///////////. FOOD i a^a."^ w//////. SUGAR, RAW SUGAR, GRANULATED i BEEF, CARCASS ww/, 7 i 1 HAMS. SMOKED (CHICAGO.) — , , * -— 1 — 1 — 1 — 1—_ CLOTHING 1 COTTON Y A R N - - ' ' ON PRINT CLOTH. V/////. v////////, m WORSTED YARN--- • OMEN S DR i GOODS 1 m I • RAW i 1 m ir LEATHER, CHROME ( BOSTON )•- i r 7 >,, BOOTS AND SHOES (BOSTON -- 1 BOOTS AND SHOES (ST. LOUIS )• 1 :k I ^ FUEL ' &Q* mm^ PETROLEUM « METALS ir STEEL BILLETS, BESSEMER COPPER - I m m TEN° ' LUMBER, PINE, SOUTHERN 1 ' ictr ' ' ' ' ' ' • * i i i i i i i • i i i BUILDING MATERIAL AND MISCE * * ' > ' • ' ' LLANEOUS • LUMBER DOUGLAS FIR IM PZZZZ? BRICK, COMMON (NEW YORK) -CEMENT STEEL BEAMS RUBBER CRUDE • W////A * SULPHURIC ACID 20 10 o I0 20 DECREASE INCREASE 50 m i i , , i: I0 i 20 ,30 40 30 20 I0 0 DECREASE ^ 40 50 60 70 805 ° 40 INCREASE if NO CHANGE if* NO QUOTATION B _ , . , ,, 30 20 lo 0 I0 DECREASE 20 30 40 *° 60 70 ec INCREASE WHOLESALE PRICE COMPARISONS NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; noriferrous meta from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill. See diagram on page 6. ACTUAL PRICE (dollars) PER CENT INCREASE (+) OR DECREASE (—) (1913 average=100) March, March, 1926, from 1926, from February, March. 1926 1925 FebMarch, ruary, March, 1926 1025 1926 RELATIVE PRICE Unit COMMODITIES February, 1926 March, 1926 March, 1925 Bushel Bushel Bushel Pound Ton Pound Pound Pound 1.555 .685 2.260 .177 29.06 .0642 .1176 .1202 1.460 .666 2.256 .165 29.47 .0665 .1165 .1156 1.640 1.121 .714 .245 38.21 .0618 .1183 .1348 -6.1 -2.8 -0.2 -6.8 +1.4 +3.6 -0.9 -3.8 -11.0 -40.6 +216. 0 -32.7 -22.9 +7.6 -1.5 -14.2 196 111 379 148 133 109 157 197 184 108 378 138 135 113 155 190 207 181 120 204 175 105 158 221 Bushel Bushel Bushel Bushel Bushel Bushel Cwt Pound Pound Cwt Cwt Cwt Cwt 1.766 1.849 .773 .412 .699 .966 25.00 .206 .53 9.688 12. 050 7.888 13. 281 1.627 1.676 .741 .413 .663 .843 25.00 .194 .48 9.690 11. 490 7.700 12. 725 1.69 1.77 1.17 .49 .92 1.35 24.50 .256 .63 10.20 13.48 9.18 16.05 -7.9 -9.4 -4.1 +0.2 -5.2 -12.7 0.0 -5.8 -9.4 +0.0 -4.6 -2.4 -4.2 -3.7 -5.3 -36.7 -15.7 -27.9 -37.6 +2.0 -24.2 -23.8 -5.0 -14.8 -16.1 -20.7 193 187 124 110 112 152 189 161 212 114 144 168 170 178 170 119 110 106 133 189 152 192 114 137 164 163 185 179 186 131 147 213 186 200 252 120 161 196 206 Barrel B arrel Pound Pound Pound Pound Pound Pound 9.144 8.000 .042 .052 .112 .163 .150 .288 8.805 7.875 .040 .049 .121 .160 .150 .295 9.04 7.97 .047 .059 .11 .183 .148 .269 -3.7 -1.6 -4.8 -5.8 +8.0 -1.8 0.0 +2.4 -2.6 -1.2 -14.9 -16.9 +10.0 -12.6 +1.4 +9.7 200 208 121 122 155 126 115 173 192 205 115 116 166 124 115 177 197 207 135 138 154 141 113 162 Pound Yard Yard Pound Yard Yard Pound Pound Pound Squarefoot. Pound Pair Pair .399 .086 .101 1.550 .800 3.600 6.664 .130 .183 .460 .460 6.40 5.00 .384 .080 .098 1.500 .800 3.510 6.027 .122 .170 .460 .460 6.40 5.00 .430 .096 .110 1.800 .800 3.78 5.83 .148 .204 .50 .52 6.40 5.15 -3.8 -7.0 -3.0 -3.2 0.0 -2.5 -9.6 -6.2 -7.1 0.0 0.0 0.0 0.0 -10.7 -16.7 -10.9 -16.7 0.0 -7.1 +3.4 -17.6 -16.7 -8.0 -11.5 0.0 -2.9 161 162 165 200 254 233 183 71 97 171 103 206 158 155 151 160 193 242 227 166 66 90 171 103 206 158 174 182 179 232 254 245 160 80 108 186 116 206 163 Short ton__ 3.39 Long ton- 11.49 Short ton.. 7.84 Barrel 1.800 3.39 11.48 3.28 1.800 3. 39 10.95 3.52 1.800 0.0 -0.1 -58.2 0.0 0.0 +4.8 -6.8 0.0 154 216 322 193 154 216 134 193 154 206 144 193 Long ton... 22.26 Long ton- 20.00 Long ton— 35.00 Pound .1400 Pound . 0915 Pound .6265 Pound .0776 22.26 20.00 35.00 .1386 .0839 .6347 .0733 22.86 21.30 36.70 .1400 .0891 .5304 .0732 0.0 0.0 0.0 -1.0 -8.3 +1.3 -5.5 -2.6 -6.1 -4.6 -1.0 -5.8 +19.7 +0.1 139 136 136 92 209 142 141 139 136 136 91 192 143 133 143 145 142 92 204 120 133 Mfeet 49.84 M feet 16.00 Thousand- 17.00 47.96 16.50 17.00 46.88 18.50 13.50 -3.8 +3.1 0.0 +2.3 -4.6 +25.9 216 174 259 208 179 259 204 201 206 0.0 0.0 -14.8 0.0 -5.7 -7.1 +29.5 0.0 163 129 65 70 163 129 56 70 173 139 43 70 FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS Wheat Corn Potatoes Cotton Cottonseed __ Cattle, beef Hogs Lambs - -- . -- - - - - - - - - - - - - - - - FARM PRODUCTS-MARKET PRICE Wheat, No 1, northern spring (Chicago) _ _ Wheat, No. 2 red, winter (Chicago) Corn contract grade No. 2, cash (Chicago) _ _ __ Oats contract grades, cash (Chicago) . Barley, fair to good, malting (Chicago) Rye No 2 cash (Chicago) Tobacco burley , good leaf, dark red (Louisville) Cotton, middling upland (New York) Wool M blood combing, Ohio and Pennsylvania fleeces (Boston) Cattle steers, good to choice, corn fed (Chicago) Hogs, heavy (Chicago) Sheep ewes (Chicago) - Sheep, lambs (Chicago) - _ . FOOD Flour, standard patents (Minneapolis) Flour winter straights (Kansas City) Sugar 96° centrifugal (New York) Sugar granulated, in barrels (New York) __ Cottonseed oil, prime summer yellow (New York). Beef fresh carcass good native steers (Chicago) Beef fresh steer rounds No. 2 (Chicago) Pork smoked hams (Chicago) - - - - - - _ CLOTHING Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston).. Cotton-print cloth, 27 inches, 64 x 60-38K"-5.35-yards to pound Cotton sheeting, brown 4/4 Trion (New York) Worsted yarns, 2/32's crossbred stock, white, in skein (Boston) Women's dress goods, French, 35-36 inches at mills, serge Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)_ Silk raw Japanese Kansas No. 1 (New York) Hides, green salted, packer's heavy native steers (Chicago) Hides calfskins, No. 1, country, 8 to 15 pounds (Chicago) Leather chrome calf, dull or bright "B" grades (Boston). Leather, sole, oak, scoured backs, heavy (Boston) Boots and shoes, men's black calf, blucher (Massachusetts).. Boots and shoes, men's dress welt tan calf (St. Louis) __ FUEL Coal bituminous, mine run lump (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 basic valley furnace Steel, billets, Bessemer (Pittsburgh) Copper ingots, electrolytic, early delivery (New York) Lead, pig, delivered, for early delivery (New York) _ _ __ Tin pig for early delivery (New York) Zinc, slab, western (St. Louis) BUILDING MATERIAL AND MISCELLANEOUS Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district) Lumber, Douglas fir, No. 1, common s 1 s, 1 x 8 x 10 (Washington) . Brick, common red, domestic building (New York) Cement, Portland, net without bags to trade, f. o. b., plant (Chicago district) _ Steel beams, mill (Pittsburgh) Rubber, Para, Island, fine (New York) ., Sulphuric acid 66° (New York) Barrel Cwt Pound Cwt 1.65 1.95 .526 .70 1.65 1.95 .448 .70 1.75 2.10 .346 .70 8 PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS [March, 1926, is latest month plotted] 14,000 600 COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS [March, 1926, is latest month plotted] 800 800 BUILDING CONTRACTS AWARDED. (27 STATES ) \ TOTAL AUTOMOBILE PRODUCTION LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS [March, 1926, is latest month plotted] BUSINESS SUMMARY relative condition of the several phases of business' The "use of index "and rela/tive'numbers is more fulTy~ explained onTtnT Inside front coveri and details of this summary are given in the table entitled "Indexes of Business," beginning on page 21] 1925 YEARLY AVERAGE PER CENT INCREASE (+) OR DECREASE (— ) 1926 March, 1926, from February, 1926 - March, 1926, from March, 1925 January February March January February March 117 120 133 113 119 116 172 91 124 95 113 102 81 111 154 83 129 97 118 112 75 125 165 138 122 111 122 107 109 108 189 117 130 92 113 95 79 114 172 90 130 97 130 114 69 126 0.0 + 5.4 + 15. 0 + 20.0 -12.7 + 10.5 + 0.8 0.0 + 10.2 + 1.8 -8.0 + 0.8 150 + 66.7 + 8.7 145 56 155 62 151 63 150 58 167 61 164 57 155 55 5. 5 -3.5 + 3.3 -5.2 105 185 82 125 118 209 84 131 108 151 79 108 105 156 76 101 119 177 83 121 116 166 79 115 111 170 76 105 130 199 85 130 + 17.1 + 17.1 + 11. 8 +23.8 +9.2 + 4.1 + 2.4 + 7.4 65 75 78 94 64 73 78 95 70 77 84 98 70 78 83 97 70 78 81 96 72 78 81 96 68 76 88 99 68 75 87 99 67 74 86 98 -1.5 -1.3 -1.1 -1.0 -6.9 -5. 1 + 6.2 + 2.1 CHECK PAYMENTS (141 cities—Seasonal adjustment) FACTORY EMPLOYMENT (1919 base)—. 103 93 110 84 127 84 128 83 129 85 126 85 139 86 139 87 149 87 + 7.2 0.0 + 18.3 + 2.4 TRANSPORTATION : Net freight ton-mile operationCar loadings (monthly total) Net available car surplus (end of mo.) 115 119 108 116 115 122 112 128 102 104 107 106 114 127 107 105 111 + 5.7 + 4.7 25 139 146 129 172 208 152 126 149 + 18.3 -28.4 192S 1924 1925 119 114 136 117 102 121 144 106 113 119 126 117 118 119 152 108 125 116 132 113 111 126 169 138 STOCKS (45 commodities; seasonal adj ust ment) 119 UNFILLED ORDERS (relative to 1920) . 74 135 52 SALES (based on value) : Mail-order houses (4 houses) Ten-cent chains (5 chains) Wholesale trade Department stores (359 stores).. 99 165 83 124 PRICES (recomputed to 1919 base) : Producers , farm products . Wholesale, all commodities Retail food Cost of living (including food)— PRODUCTION: Manufacturing (64 Commodities— Adjusted) * Raw materials, total Minerals Animal products Crops Forest products Electric power Building (awards— floor space).. i See p. 28, Jan., 1925, issue (No. 41), for details of adjustment. COURSE OF BUSINESS IN MARCH GENERAL CONDITIONS Business in the month of March, as seen from the principal indicators, was larger than in February and a year ago. Increases occurred in the production of steel, cotton consumption, new building awards, and automobile production, with a larger output noted in the case of copper, lead, newsprint paper, polished plate glass, and gains in the bookings of fabricated structural steel and commercial steel castings and in the production of the principal species of lumber. The general index of manufacturing output in February, after allowance for differences in working time, showed no change from the preceding month but was higher than a year ago. Commodity stocks, after allowance for seasonal conditions, although larger than a year ago, were reduced 6 per cent during March, while unfilled orders, principally for iron and steel and building materials, were lower at the end of 94585—26 2 March than at the end of the preceding month and a year ago. The volume of trade, as seen from reports on check payments, car loadings, mail-order sales, 10-cent chains, and department stores was greater than in either the previous month and a year ago, with wholesale trade recording similar gains. Wholesale prices continued to decline in March, and, averaged for that month, were about 6 per cent below the preceding year. Retail food prices, on the other hand, although lower than in the preceding month, were about 6 per cent higher than last year. The cost of living declined 1 per cent from the previous month, but was 2 per cent greater than a year ago, while factory employment, though showing no change from February, was more than 2 per cent higher than last year. 10 SUMMARY OF INDEXES OF BUSINESS PRODUCTION Manufacturing output in March was higher than in February, but after allowance for differences in working time, March industrial activity showed no change from the preceding month but was about 1 per cent higher than in March, 1925. The production of raw materials was likewise larger in March than in the preceding month, but no change was recorded from the previous year. The production of minerals and the marketings of animal products were larger than in February and a year ago, as was the case in the output of forest products, but the marketings of crops in March showed a decline from each of these comparative periods. In the case of the production of minerals, a larger output was recorded in March in all minerals except bituminous coal and gold, which declined from the previous month. As compared with last year, increases in the output of all minerals were registered, with the exception of petroleum and gold, which declined. In the case of animal marketings, increases over February occurred in all animal products except poultry, while as compared with last year all products were marketed in larger quantities, except cattle and calves, eggs, and fish. As respects the marketings of crops, declines were noted in all groups from both periods, except fruits and vegetables, the former increasing over both periods and the latter over February alone. COMMODITY STOCKS Stocks of commodities, after adjustment for seasonal variations, were lower at the end of March than at the end of the preceding month but were 3 per cent larger than a year ago. An increase of 10 per cent in the stocks of manufactured foodstuffs, after adjustment, was more than offset by the declines in the stocks of raw foodstuffs, other raw materials for manufacture, and manufactured commodities. All groups, except manufactured commodities, had larger stocks than a year ago. RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES 1920 monthly average=100. Adjustment has been made for both stocks and production for their respective seasonal movements. of iron, steel, and building materials. March, 1926, is latest month plotted] SALES Wholesale trade in March was 12 per cent larger than in February and more than 2 per cent greater than a year ago, increases over March, 1925, occurring in all lines, except hardware and dry goods. Sales at retail were uniformly larger than in either the previous month or a year ago, increases occurring in sales by mail-order houses, department stores, 10-cent chains? grocery chains, and various other chain systems. Unfilled orders for manufactured commodities, principally iron, steel, and building materials, were Unfilled orders are principally those lower at the end of March than at the end of the preceding month or a year ago. PRICES Average prices received by farmers in March were 2 per cent lower than in the previous month and 7 per cent below a year ago. Increases in the prices of fruits and vegetables and meat animals, as compared with February, were insufficient to offset declines in grain, dairy and poultry products, and cotton and cottonseed, while as compared with last year the increase of 59 per cent in prices for fruits and vegetables 11 was insufficient to balance the decline in grain prices, prices of cotton and cottonseed, and unclassified commodities. Wholesale prices, as seen from the Department of Labor index, were 2 per cent below the preceding month and about 6 per cent less than a year earlier, all groups reporting a decline from the previous month and, with the exception of the fuel and lighting and miscellaneous groupings, from a year ago. Commercial indexes also registered declines in average prices from the preceding month and a year earlier. The cost of living declined almost 1 per cent from the previous month, due solely to lower costs of food and fuel and lighting. As compared with last year this index was more than 2 per cent higher, declines in the costs for shelter and fuel and light being insufficient to offset the increased cost for food and clothing. EMPLOYMENT Manufacturing employment showed no change from February in the number of employees, but as compared with last year a gain of 2 per cent was registered. Declines which occurred in the number of employees in factories producing food products, leather goods, and tobacco products balanced the increases which occurred fn iron and steel, paper and printing, chemicals, stone, clay and glass, nonferrous metals, and vehicles. As compared with last year, increases in iron and steel factories, paper and printing, chemicals, nonferrous metals, vehicles, and miscellaneous factories were more than sufficient to offset declines in food products, textiles, lumber, leather, and tobacco products. As in the case of the number employed in manufacturing establishments, there was no change in the amount of pay roll in March from the preceding month but a gain of 2 per cent over the preceding year. Pay-roll declines in food, product factories and leather establishments balanced increases in the iron and steel, paper and printing, chemicals, stone, clay and glass, nonferrous metals, tobacco products, vehicles, and miscellaneous groups, while, as compared with last year, increases in the iron and steel, paper and printing, chemicals, stone, clay and glass, nonferrous metals, vehicles, and miscellaneous industries more than offset the declines in food products, textiles, lumber, and leather. WHOLESALE PRICE COMPARISONS, BY GROUPS [March, 1926, is the latest month plotted] 300 BUILDING MATERIALS 280 METALS AND METAL PRODUCTS 100 REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE TEXTILES Boston wool receipts were much larger in March than in either the previous month or the corresponding month a year ago, receipts of both foreign and domestic wool showing a marked increase over both prior periods. Total imports of raw wool were also larger than during February or than a year ago, although the total for the first quarter was only 6 per cent greater than that for the corresponding period of last year. Wool consumption by textile mills was larger than during the previous month; this can be completely accounted for by the longer month, however, since only wool-spinning spindles and cards showed greater activity in March than in February, while the activity of worsted-spinning spindles, combs, and looms declined. Prices both of raw wool and the wool products declined from the previous month and were much lower than a year ago. dividends paid by New Bedford cotton mills by quarters since 1909. COTTON CONSUMPTION IN NORTHERN AND SOUTHERN MILLS [March, 1926, is latest month plotted] 319 1920 1921 1922 1 9 2 3 I 1 9 2 4 I 1 9 2 5 I J 9 2 8 NEW BEDFORD COTTON MILL DIVIDENDS 1 RAW COTTON CONSUMPTION AND EXPORTS DIVIDENDS (THOUSANDS or DOLLARS) [March, 1926, is latest month plotted] PERIOD 1909 1910 1911 Total year.. 2,394 2,558 1,920 First quarter. _ _ Second quarter. Third quarter __ Fourth quarter. 401 613 925 455 1918 Total year.. 6,410 First quarter Second quarter. Third quarter __ Fourth quarter. Receipts of cotton into sight continued to decline seasonally and were 14 per cent less than for March of last year. Cotton exports also declined, both from the previous month and a year ago, the exports for the first quarter of the current year being 31 per cent less than for the corresponding period of 1925. Cotton consumption by textile mills, on the other hand, was 12 per cent greater than in February and 9 per cent greater than a year ago. Stocks of domestic cotton at mills and warehouses continued to decline seasonally but were 62 per cent greater than at the end of March, 1925. World stocks were 12 per cent greater than at the end of March a year ago. Machinery activity in the cotton industry increased over the previous month, there being not only more working hours due to the longer month but also an increase in the number of active spindles. Spindle activity was also substantially greater than in March, 1925. Prices of raw cotton and cotton products declined both from the previous month and from a year ago. In the table below are given the amount of 1 1,092 1,465 2,188 1,665 952 545 506 555 483 515 456 466 1912 1913 1914 1915 1916 1,670 2,188 1,878 2,613 2,982 5,883 405 425 382 458 423 456 419 890 470 492 458 458 409 999 449 756 579 823 622 958 1,063 1,414 1,615 1,791 1919 1930 1921 ! 1922 1923 1924 1925 6,725 8,950 5,459 5,999 5,031 3,766 3,924 1,210 1,249 2,245 2,021 2,463 2,197 2,730 1,560 1,416 1,439 1,345 1,259 1,106 1,244 1,756 1,893 1,508 1,359 1,050 1,114 1,009 972 860 925 871 881 1,231 941 Compiled from records supplied by Sanford & Kelley. SPINDLE ACTIVITY IN COTTON MILLS [March, 1926, is latest month plotted] 1921 1917 1926 795 13 Imports of silk were much lower than in February and were 12 per cent less than in March, 1925. Consumption of silk as indicated by deliveries to mills also declined from both prior periods but to a lesser extent than did imports. Silk stocks at warehouses also declined both as compared with the end of February and with the end of March, 1925. Silk prices averaged almost 10 per cent less in March than in the previous month, although they were slightly higher than a year ago. IRON AND STEEL Consumption of iron ore and the production of pig iron each increased by 18 per cent over the previous month, this increase being considerably more than could be accounted for in the difference in the number of working days. Iron-ore consumption and pigiron production, however, did not reach the level of a year ago, the former being 6 per cent and the latter 3 per cent less than in March, 1925. The number and capacity of furnaces in blast likewise increased from the previous month, although to a lesser extent than pig-iron production, but both number and capacity were also slightly less than a year ago. Greater activity was reported in the Ohio gray iron foundries, the increase in meltings from the previous month being larger than the normal seasonal increase. Wholesale prices for iron showed practically no change from the previous month but were from 2 to 6 per cent lower than a year ago. The production of steel ingots in March was 18 per cent greater than in the previous month and 7 per cent greater than a year ago, which made the quarter's production 2 per cent larger than that for the corresponding period of last year. Bookings of steel castings also showed a substantial increase as compared with both the previous month and a year ago, both railroad specialties and miscellaneous castings participating in the increase. Unfilled orders reported by United States Steel Corporation continued to decline and were 10 percent less than at the end of March, 1925. The production of steel sheets by independent steel manufacturers was larger than in February due to the longer month, although the ratio of production to capacity declined. The March production, however, was 10 per cent greater than in the corresponding month a year ago and the first quarter's total was 6 per cent in excess of that reported for the first three months of last year. Stocks also increased from both prior periods despite increases in sales and shipments. Unfilled orders, on the other hand, were only slightly larger than at the end of February and were 3 per cent less than a year ago. The production and shipments of steel barrels showed substantial increases over both the previous month and March, 1925. Stocks, however, were only slightly larger than at the end of February and were less than a year ago, while unfilled orders declined from the previous month. Wholesale steel prices remained practically stationary as compared with the previous month, but were approximately 5 per cent less than a year ago. In the table below are given steel prices and wage rates in the Youngstown district as made available by trade sources: STEEL PRICES AND WAGE RATES—YOUNGSTOWN DISTRICT l PRICE OF STEEL SHEETS (in dollars per 100 pounds) MONTH Jan.-Feb Mar .-Apr May-June July-Aug— . Sept.-Oct Nov.-Dec 1917 1918 1919 1 mo 1921 1923 1933 1924 1925 1926 3.40 3.90 4.45 5.00 5.35 5.50 5.35 5.10 5.15 5.15 5.00 5.25 4.65 5.05 5.75 5.70 5.80 5.15 4.30 3.95 3.85 3.10 2.75 2.80 2.80 3.30 2.80 3.30 2.90 3.40 3.05 f3.60 3.20 3.70 3.3@ 3.75 3.75 3.75 3.70 3.60 3.50 3.45 3.40 3.25 3.05 3.05 3.05 3.10 3.20 4.90 4.50 4.35 4.35 4.35 4.35 WAGES OF STEEL WORKERS (in percentages of base scale rates) Jan.-Feb . Mar .-Apr May-June July-Aug. _. Sept.-Oct Nov.-Dec. 119.5 137.5 152.5 169.0 185.5 196.0 200.5 193.0 166.0 190.0 119.5 134.5 14&0 139.0 12&5 igao 188.5 190.0 190.0 185.5 182.5 170.5 166.0 166.0 166.0 175.0 187.0 208.0 206.5 209.5 164.5 154.0 151.0 128.5 118.0 119.5 119. 5 122.5 127.0 131.5 134.5 134.5 137.5 143.5 146.5 148.0 148.0 146.5 143.5 140.5 137.5 131.5 133.0 127.0 127.0 127.0 i Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers Association and the Amalgamated Association of Iron, Steel and Tin Workers. The wage scales are based on the price of steel sheets in the previous two-month period as ascertained by actual prices received by mills. Bookings and shipments of fabricated structural steel increased substantially over February, the bookings being almost as large and the shipments 11 per cent larger than a year ago. Bookings of fabricated steel plate, on the other hand, were less than during February, although they were much larger than a year ago. MACHINERY AND EQUIPMENT New orders for machine tools were 25 per cent larger than during the previous month and 37 per cent greater than a year ago. Sales of mechanical stokers also showed a sharp increase both in number and in horsepower over February, although the total for the first quarter of the current year was considerably less in both respects than were the sales reported for the corresponding period of 1925. The production of trackwork since the beginning of 1925 may be seen from the table below: PKODUCTION OF TRACKWORK 1 (Short tons) MONTH Total January February March April _. May 1925 1926 170, 564 11, 066 14, 362 17, 925 16, 752 17 015 15,197 16, 078 19 586 MONTH June July August September October November Dfip,p,mher 1925 17, 216 13 818 12 912 11, 313 12 609 12, 181 13 395 * Compiled by the American Iron and Steel Institute and covers the production of T-rail track of 60 pounds per yard and heavier, including all special or fabricated T-rail trackwork (switches, switch stands, frogs, crossings, guard rails, and appurtenances) of carbon steel, manganese steel, and other metals for both domestic and export use. The 1925 total compares with 152,576 tons for 1924 and 210,762 tons for 1923, monthly figures for the two latter years not being available. 14 Below are given data covering cast-iron boilers and radiators as made available by trade sources: CAST-IRON BOILERS AND RADIATORS l BOUND BOILERS Production YEAR AND MONTH Shipments SQUARE BOILERS Production Shipments Square feet of heating surface Thousands of pounds 1923 monthly average 1924 monthly average 1925 monthly average RADIATORS Produc- Shipments tion 202, 180 217, 507 234, 313 194, 119 208, 074 227, 223 211, 818 225, 034 250, 839 199, 696 208, 248 245, 763 152, 045 151, 477 161, 832 143, 268 147, 643 165, 225 17, 612 18, 054 19, 649 20, 245 11, 887 12, 183 14, 064 18, 073 20, 552 19, 973 20, 163 20, 560 13, 877 13, 514 14, 431 17, 657 13, 281 12, 349 11, 527 12, 625 10, 378 May June July August 18,919 18, 811 16, 513 20, 017 22, 785 18, 488 17, 253 20, 691 21, 694 17, 711 16, 884 21, 350 26, 346 11, 781 10, 152 12, 663 13, 124 14, 372 18, 305 19, 722 19, 142 September October November December 18, 830 24, 310 19, 810 19, 715 23, 674 28, 889 22, 920 17, 407 21, 344 27, 889 20, 854 21, 378 29, 062 31, 528 24, 571 18, 832 13, 426 18, 604 15, 788 16, 512 17, 121 19, 848 16, 455 14, 825 234, 313 227, 223 250, 839 245, 763 161, 832 165, 225 19, 087 21, 240 13, 087 12, 928 20, 802 19, 471 13, 846 12, 736 15, 342 15, 360 10, 004 January February March April 1925 __ Total January _ February 1926 8,898 9,463 11, 565 11,404 13, 858 17, 038 9,770 i Compiled by the National Boiler and Radiator Manufacturers' Association,from reports of 30 firms, 15 reporting on cast-iron radiators and 25 reporting on cast-iron boilers (both round and square) both estimated to represent over 90 per cent of the industry. The data for 1923 and 1924 are not available by months. Figures on unfilled orders and stocks made available in January, 1926, show the following comparisons: Round boiler, unfilled orders at the end of February, amounted to 14,150,000 pounds, as against 13,278,000 pounds on Jan. 31, 1926; round boiler stocks amounted to 85,332,000 pounds, compared with 74,324,000 pounds; square boiler unfilled orders amounted to 14,341,000 pounds, against 14,617,000 pounds a month previous; square boiler stocks amounted to 93,198,000 pounds, as against 89,567,000 pounds; radiator unfilled orders amounted to 12,202 square feet of heating surface, as compared with 10,576 a month earlier; and stocks of radiators amounted to 38,053 square feet, as against 32,115 on Jan. 31, 1926. In the accompanying table are to be found data on shipments of electrical porcelain and laminated phenolic products: ELECTRICAL PORCELAIN AND LAMINATED PHENOLIC PRODUCTS SHIPMENTS OF ELECTRICAL PORCELAIN J YEAR AND MONTH Total 1924 July August September _ _ _ October November December Total January February March April _ _ 2 326, 563 370, 365 243, 292 367, 382 434, 598 2, 119, 583 1925 May June July August .- September _. October November December Total January February $377, 383 _ _ _ . 1926 Standard Special High tension $40, 420 49, 723 53, 255 66, 751 108, 471 111, 025 $206, 555 $130, 408 139, 009 175, 314 137, 831 141, 796 176, 541 162, 898 208, 454 429, 645 1, 304, 075 SHIPMENTS OF LAMINATED PHENOLIC PRODUCTS 3 163, 127 185, 915 165, 953 148, 215 19, 065 27, 405 58, 267 37, 758 $880, 318 313, 954 292, 347 317, 028 262, 711 112, 563 104, 659 123, 126 111, 002 163, 395 152, 318 156, 694 121, 555 37, 996 35, 370 37, 208 30, 154 416, 741 481, 664 527, 052 883, 158 272, 627 315, 532 345, 902 272, 796 100, 898 120, 041 166, 366 93, 502 140, 375 158, 064 139, 883 149, 858 31, 354 37, 427 39, 653 29, 436 1, 096, 531 1, 318, 083 984, 598 681, 050 3, 771, 797 1, 505, 352 1, 845, 352 421, 093 8, 684, 310 44, 843 42, 749 567, 748 489, 884 134, 726 144, 031 COPPER PRODUCTION AND EXPORTS [March, 1926, is latest month plotted] 558, 184 490, 169 366, 761 1 Compiled by the Associated Manufacturers of Electrical Supplies, Electrical Porcelain Section, from reports of 12 firms estimated to produce 50 to 60 per cent of all standard porcelain (8 firms), 15 to 20 per cent of special porcelain (12 firms), and 10 per cent of high tension porcelain (3 firms). 2 Six months average. 3 Compiled by the Associated Manufacturers of Electrical Supplies, Laminated Phenolic Products Section. This product is sold mostly in sheets, tubes, and cut panels and includes some material for noiseless automobile gears. The production of copper at domestic mines during March was 11 per cent greater than during the previous month and slightly larger than a year ago. For the calendar year thus far, however, the copper production was 2 per cent less than for the corresponding period of last year. Smelter output of copper also increased over the previous month but was 7 per cent less than in March, 1925, while the cumulative total was 5 per cent less than for the first three months of last year. The output of refined copper in North and South America, on the other hand, was larger than a year ago while the world's production of blister copper was practically the same. Domestic shipments of refined copper were much larger than in either February or the corresponding month of 1925, while the total of such shipments in the first quarter exceeded that of last year by 18 per cent. Stocks of refined copper in North and South America declined considerably from the previous month and from March, 1925, while stocks of blister copper, although slightly larger than at the end of February, were less than a year ago. Exports of refined copper exceeded those of the previous month but were considerably less than those of March, 1925. Copper prices declined somewhat from both comparative periods. 655, 863 152, 840 131, 855 137, 259 151, 241 93, 811 93, 540 NONFERROUS METALS 96, 013 115, 119 335, 032 345, 175 361, 479 337, 214 273, 380 280, 320 The number of patents issued by the United States Patent Office during March was less than during either the previous month or the corresponding month a year ago. Shipments of fire extinguishers, both hand type .and motor vehicles, increased from the previous month, shipments of motor vehicles being slightly less and those of the hand-type extinguishers considerably greater than in March of last year. Consumption of tin as evidenced by deliveries to consuming establishments, although larger than during February, due to the longer month, were less than a year ago. Imports were also slightly larger than during the previous month but considerably less than in March, 1925. Stocks, both in the United States and in the world declined sharply from those reported at the end of either February or of the corresponding month of last year, while prices increased over both 15 periods. The production of zinc was slightly larger than during either February or the corresponding month of 1925. The number of zinc retorts in operation also increased from both periods and stocks of zinc, while only slightly larger than in February, were 20 per cent greater than in March, 1925. A decline in ore shipments from the Joplin district as compared with February was accompanied by an increase in stocks at the mines. Zinc prices continued to decline reaching practically the same level as at this time last year. RELATIVE PRODUCTION AND STOCKS OF ZINC [1913 monthly average=100. March, 1926, is latest month plotted] AUTOMOBILES March automobile production increased largely from the previous month, and was the second largest ever recorded in the industry, passenger-car production being exceeded only by October, 1925, and truck production by September of last year. A segregation of the passenger-car and truck production for the United States and Canada for 1922 and 1923, which was not heretofore available, and a revision of the data for the two subsequent years are presented in a table on page 26. HIDES AND LEATHER March imports of hides and skins, while increasing from the previous month, fell short of the imports of a year ago. Prices continued to decline and were considerably lower than during March, 1925. March production of boots and shoes increased substantially from that of the previous month. IMPORTS OF HIDES AND SKINS [March, 1926, is latest month plotted] FUELS With the settlement of the strike in February the March production of anthracite coal reached a high level, being 25 per cent in excess of the corresponding month of last year. Bituminous coal production was slightly less than in February but much larger than a year ago. Coal prices declined slightly from the previous month. Coke production showed little change from February, a decline in the production of beehive coke being offset by an increase in the production of by-product coke. Both kinds of coke, however, were produced in considerably larger quantities than in the corresponding month of last year. Coke prices declined to less than one-half the February average and w^ere 7 per cent below the price of a year ago. PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE [March 1926, is latest month plotted] BUILDING CONSTRUCTION Building costs showed little change from either the previous month or a year ago. Construction awards, however, were much larger than during February, both in the aggregate and for each class of building shown. Fire losses exceeded those recorded in either the previous month or in March, 1925. LUMBER X 5 The production, shipments, and new orders of most types of lumber for which figures are available increased both over the previous month and from a year ago, while stocks in general declined. New orders, production, and shipments of flooring also recorded substantial increases over both the previous month and March, 1925, while stocks also increased to a slight extent from both prior periods. 16 Purchases of rotary-cut veneer are reported as follows by 10 members of the Wirebound Box Manufacturers7 Association, estimated to represent about 80 per cent of the .industry: December, 1925, 229 carloads; January, 1926, 229 carloads; February, 1926, 146 carloads; March, 1926, 192 carloads. In the table below are given figures compiled from trade sources covering circled headings for wooden barrels: figures on this industry, in greater detail, may be obtained from the bureau. PRODUCTION OF PAINTS AND VARNISHES Paste paints Ready-mixed Varnishes, and semi- japans, and lacquers paints Thousands of pounds Thousands of gallons YEAR 1925 Total 465, 285 99, 709 82, 017 Second half First half 224, 228 241, 057 47,260 52, 449 40,622 41, 395 Total 487, 611 88, 274 70,450 Second half First half 233, 867 253, 744 43, 152 45, 122 34, 301 36, 149 Total 439, 175 82, 070 70, 731 Second half First half 192, 021 247, 154 38, 351 43, 719 32,849 37, 882 436, 295 66, 071 55,709 227, 703 208, 592 33, 440 32,631 28,877 26, 832 SETS OF CIRCLED HEADINGS FOR WOODEN BARRELS * Production (rough 2) YEAR AND MONTH ShipSales ments (finished (finished sets) sets) Unfilled orders end of month (finished sets) Stocks on hand end of month 3 (rough) . .- 1924 1923 1925 October _ November December .. 617, 514 383, 603 420, 847 1, 388, 971 1, 298, 810 1, 019, 048 2,730,882 2, 151, 515 2, 325, 000 205, 738 358, 733 451, 868 591, 912 632, 542 596, 824 371, 689 431, 569 308, 803 1, 023, 457 970, 130 987, 222 1, 475, 275 1, 794, 937 1, 853, 125 1922 1926 January February March 304, 274 346, 430 835, 810 680, 200 619, 050 233, 600 -. -- * Compiled from reports of the Tight Barrel Circled Heading Manufacturers' Association, the association's weekly reports being prorated to 100 per cent of the industry and combined into monthly figures. The original data are reported by from 7 to 11 firms each week, estimated to cover from 63 to 91 per cent of the industry. Data on stocks and unfilled orders are as of the Saturday nearest the end of the month. Details by kinds of sets are presented in the association's weekly reports. 2 From quantities shown in this column the finished sets are produced, sold, and shipped. 3 Includes both sold and unsold stocks. STONE, CLAY, AND GLASS PRODUCTS The production and shipments of brick and Portland cement, although larger than for the previous month, were lower than a year ago. Stocks of both brick and Portland cement increased only slightly from the previous month. Concrete paving contracts awarded, although much larger than in February, were smaller than a year ago. Total Second half • First half . . . . CHEMICALS AND OILS Chemical imports were generally much larger in March than a year ago, the only decline of importance from March, 1925, being in imports of nitrate of soda. Chemical prices in general showed little change from the previous month. The following table made available by the United States Tariff Commission shows the production and sales of coal-tar dyes for each of the past five years. DOMESTIC PRODUCTION AND SALES OF COAL-TAR DYES l PRODUCTION SALES YEAR Pounds Pounds Value PRODUCTION, SHIPMENTS, AND STOCKS OF CEMENT [March, 1926, is latest month plotted] 1925* 1924 1923 1922 1921 86, 000, 000 68, 679, 000 93, 667, 524 64, 632, 187 39, 008, 690 i Compiled by U. S. Tariff Commission. 79,000,000 64,961,433 86, 567, 446 69, 107, 105 47, 513, 762 $36,940,000 35, 012, 400 47, 223, 161 41, 463, 790 39, 283, 956. * Subject to revision. COMPARISON OF CHEMICAL PRICES BY GROUPS [March, 1926, is latest month plotted] PAINT AND VARNISH The Bureau of the Census has completed its semiannual report on paint and varnish production. In the table below are given production of paints and varnishes at semiannual intervals since 1922. Further 17 WHEAT RECEIPTS, EXPORTS, AND VISIBLE SUPPLY Exports of fertilizer were substantially larger than in either the previous month or March, 1925. Consumption of fertilizer in Southern States for each month from January, 1920, is shown in the following table: [March, 1926, is latest month plotted] CONSUMPTION OF FERTILIZER IN SOUTHERN STATES 1 1920 1921 1923 1922 1924 1925 19262 MONTH Short tons January February March __ _ April 984, 983 337, 923 323, 561 779, 202 750, 210 464, 953 703, 870 1, 189, 284 422, 566 527, 811 1, 092, 463 1, 218, 985 979, 261 1, 290, 864 1, 220, 789 1, 070, 410 1, 303, 922 1, 206, 232 1, 317, 988 2, 049, 427 1, 653, 760 689, 098 485, 044 623, 564 481, 950 710, 866 932, 493 May June July August 241, 373 85, 837 62, 909 164, 360 62, 897 47, 198 33, 868 60, 849 104, 624 56, 380 35, 862 94, 462 152, 800 40, 818 37, 349 59, 701 178, 285 36, So9 22, 052 56, 878 120, 942 37, 231 14, 073 61, 222 September October November DecfiTnbfir 97, 406 61, 068 39, 724 103, 328 131, 105 114, 610 51, 752 82, 699 126, 657 83,921 80, 568 145, 363 124, 251 110, 414 98, 017 141, 746 114, 440 97, 996 67, 251 114, 428 2 133, 672 116, 710 55, 281 119, 083 Total 4, 940, 159 2, 786, 311 3, 506, 695 4, 324, 943 4, 685, 718 5, 084, 348 1 Compiled by the National Fertilizer Association from tag sales reports of Commissioners of Agriculture in the following 12 Southern States: Virginia, North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Tennessee, Missouri, Arkansas, Louisiana, and Texas. 2 Estimated by the average change shown in Virginia and South Carolina from last season. Stocks of cottonseed and production and stocks of cottonseed oil declined seasonally but were, in each case, at a higher level than a year ago. COTTONSEED OIL PRODUCTION AND STOCKS [March, 1926, is latest month plotted] MEATS AND DAIRY PRODUCTS Receipts and local slaughter of livestock were both considerably larger than for the previous month and, except for receipts of cattle and calves and slaughter of hogs, were larger than a year ago. Livestock prices were lower in practically every case than for either of these prior periods. Receipts of butter and cheese were larger during March than in either the previous month or the corresponding month a year ago. Cold-storage holdings of each were less than in February but considerably larger than in March, 1925. Wholesale prices of both butter and cheese were lower than in either prior period. RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT PRIMARY MARKETS [1919 monthly average=100. March, 1926, is latest month plotted] 300 200 CEREALS The visible supply of wheat continued to decline seasonally, that in the United States being smaller and that in Canada being larger than was reported in March, 1925. Receipts of wheat at the principal markets also declined, this being accompanied by a further decline in prices. The visible supply of corn was larger and that of oats and barley smaller than at the end of February. Prices of corn, oats, barley, and rye were lower in March than either the previous month or a year ago. 94585—26 3 20 18 SUGAR, COFFEE, AND TEA Imports of sugar both from the island possessions of the United States and from abroad continued to increase and were also larger than during March of last year. Meltings also increased but fell short of the total for a year ago. Stocks at refineries, however, were much larger than at the end of either prior period. Sugar prices declined. Imports of coffee increased from February and from a year ago, the total imports for the first quarter being 27 per cent in excess of last year. Imports of tea, on the other hand, were considerably lower in March than in either the previous month or the corresponding month a year ago. SURPLUS, SHORTAGE AND BAD-ORDER FREIGHT CARS [March, 1926, is latest month plotted] RAW SUGAR: IMPORTS, MELTINGS, AND REFINERY STOCKS [March, 1926, is latest month plotted] WATER TRANSPORTATION Ohio Kiver traffic between Pittsburgh and Wheeling increased seasonally from the previous month and was also much larger than a year ago. Ocean traffic as measured by clearances of vessels in foreign trade also exceeded the February total and was almost as large as in March, 1925. The tonnage of vessels completed during the month was also very much larger than during either the previous month or the corresponding month of 1925. DISTRIBUTION MOVEMENT Sales by mail-order houses in March were 12 per cent larger than in the same month of 1925 and 11 per cent greater than in February, the latter increase, however, being due largely to the difference in the number of days. For the first three months of the current year the mail-order houses recorded 10 per cent larger sales than for the corresponding months of last year. The 10-cent chain store systems also reported 12 per cent greater sales than in March of last year, while the cumulative total for the first three months of 1926 was 10 per cent in excess of the corresponding months of 1925. Newspaper advertising was about 24 per cent greater than in the previous month and 7 per cent greater than a year ago, alSALES BY MAIL-ORDER HOUSES AND IO-CENT CHAIN STORES [March, 1926, is latest month plotted] RAILROADS The total number of cars loaded with freight during March was larger than during the previous month, although the increase could be fully accounted for by the larger number of days. All classes except grain participated in the increase over February. Compared with a year ago carloadings showed a 5 per cent increase, each class of freight recording gains except forest products and ore. Shipments of railroad locomotives were practically the same as in February but were considerably larger than a year ago. Unfilled orders however showed a substantial increase from both periods. A complete revision of the data on railway locomotives previously published, in which the data for steam locomotives are segregated from those on electrics, is presented on page 25. though, the cumulative total for the first three months was only slightly in excess of last year. Magazine advertising for appearance in March magazines was also 7 per cent greater than a year ago with a 10 per cent advance for the first three months of the current year as compared with the same period of 1925. 19 Postal receipts at 100 principal cities were over 15 per cent greater than for the same month of last year with an 11 per cent increase in the cumulative total for the first three months over the corresponding period of 1925. Delinquent accounts in the wholesale electrical trade in March, although much larger than for the previous month, declined appreciably from the corresponding month of 1925. LIFE INSURANCE net demand deposits, although less than at the end of February, were 3 per cent greater than at the end of March, 1925. Call money was obtainable at lower rates than during the previous month, although the rates on time paper were slightly higher than in February as compared with the rates prevailing a year ago; money on both call and on time was dearer. LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL RESERVE MEMBER BANKS [March, 1926, is latest month plotted] Sales of new life insurance showed a 20 per cent increase in value and a 28 per cent increase in number of policies over the preceding month, the corresponding increases over March, 1925, being 15 per cent and 6 per cent, respectively. All classes of insurance participated in the increase. For the first three months of the current year the value of new insurance sold was 14 per cent greater than for the corresponding months of last year. BANKING AND FINANCE Check payments and bank clearings, both in and outside New York City, showed a large increase over both the previous month and the corresponding month a year ago, the increase for New York City, however, being proportionately greater than for the country outside. A substantial increase was also recorded in check payments for the first three months of the current year as compared with the corresponding months of last year, this increase being 15 per cent for New York City and 8 per cent for the balance of the country. Bills discounted by the Federal reserve banks at the end of March were 67 per cent greater than a year ago and 17 per cent greater than at the end of February. Deposits also increased slightly, but the heavy investment in discounted bills resulted in a BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL RESERVE BANKS [March, 1926, is latest month plotted] 1921 In the table below are given figures which have recently become available showing the amount of loans by the leading member banks in New York City to brokers and dealers in bonds and other securities, such loans being primarily for the purpose of carrying securities for account of customers located both in and out of New York City. The dealers in securities include investment, banking, and issue houses which handle the bulk of the foreign and domestic securities floated in New York City and distributed throughout the country and, as may be seen from the table, the loans represent funds borrowed by these brokers and dealers from lenders in New York and elsewhere, the New York banks acting as correspondents for out-of-town lenders. MEMBER BANK LOANS TO BROKERS AND DEALERS SECURED BY STOCKS AND BONDS l (Thousands of dollars) 3.000 WEEK, 1926 Jan. $3,141,125 3, 132, 542 3, 130, 989 3 098,192 $1, 338, 259 1,267 015 1 231 691 1 200 914 Feb. 3.. 3, 091, 997 3 137 588 3, 138, 724 3, 109, 331 17 - 24 Mar 3 10 17 .. Own account 6 13_. 20 27 10 decline in the total investments of 8 per cent from February and 11 per cent from March, 1925. The loans and discounts and total investments of the principal member banks at the end of the month were slightly greater than at the end of either the previous month or of the corresponding month a year ago and Total 24 31 _ Apr. 7 14 21 28 Account of out-of-town banks $1 1 1 1 Account of others 239,344 292 408 306 294 287 367 $563 573 593 609 522 119 004 911 1,221 842 1 199 307 1,158 905 1, 149 391 1 280 143 1 340 433 l'354' 170 1 342 665 590 597 625 617 012 848 649 275 3 048 392 2 885, 609 2, 803, 949 2 690,199 2, 573, 051 1 125 071 1 021 191 1,033 474 1 026 539 1,047 784 1 1 1 1 1 602 598 595 565 518 056 461 982 408 856 2,487,352 2 451,339 958 386 876 765 321 265 265 957 174 493 098 252 006 411 1 018 156 1 051 878 510 810 522 696 1 1 Compiled by the Federal Reserve Board from reports of 61 identical reporting member banks in New York City. 20 NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES [March, 1926, is latest month plotted] w 3.000 LJ 5 2,000 1920 1921 1922 1923 1924 1925 1926 The gross debt of the Federal Government was further reduced in March and at the end of the month was 4 per cent smaller than a year ago, with a decline of 20 per cent in the amount of the shortterm debt maturing in five years. Customs receipts were 15 per cent greater than for the previous month and 2 per cent greater than in March, 1925, the cumulative total for the first three months of the current year being 1 per cent larger than for the preceding period of last year. Due to the quarterly income-tax installment total governmental receipts were greatly in excess of the previous month, such receipts exceeding those of the corresponding month of last year by 10 per cent, while the cumulative total was 8 per cent greater than for the first three months of 1925. The per capita circulation of money held outside the United States Treasury and the Federal reserve system was slightly less than for either the previous month or March, 1925. Although the number of failing firms was considerably larger than for either the previous month or for March, 1925, the liabilities of such firms declined substantially from both periods, all classes of firms participating in the increase in number and in the decline of liabilities with the single exception that the liabilities involved in failures of trading establishments were slightly greater than in March of last year. The quarterly statement of bank failures shows a large decline both in number and in liabilities from either the first or last quarter of 1925. Payments to investors during March were seasonally greater than in February but were also 5 per cent in excess of the corresponding month of a year ago. The capitalization of new incorporations was smaller than for either the previous month or a year ago, while the cumulative total for the first quarter of the current year was more than double that of the corresponding period of 1925. New corporate securities in March also declined from both comparative periods, but the cumulative total for the first quarter was only 2 per cent larger than a year ago. The prices of representative stocks declined rather sharply from the previous month, but were still considerably higher than in March, 1925. Prices of railroad stocks showed less variation from either period than those of industrial concerns. The volume of turnover of stocks on the New York Stock Exchange was much greater than during February or during the corresponding period of last year, and the bond sales, although declining from March, 1925, were also considerably in excess of those reported for February. Bond prices declined only slightly from the previous month, but were, except in the case of foreign government issues, at a higher level than a year ago. FOREIGN TRADE AND EXCHANGE Such changes from the previous month in the rate of exchange on the principal foreign currencies as took place were downward, the largest decline being in Belgian exchange. Compared with a year ago French and Belgian exchange showed rather large and Italian, Swedish, and Canadian exchange small declines, while rates on all other countries except Switzerland advanced. IMPORTS AND EXPORTS OF MERCHANDISE [March, 1926, is latest month plotted] 21 GOLD AND SILVER Imports of gold were much larger than during either the previous month or the corresponding month a year ago, while exports, although larger than in February, were about one-sixth of the total in March, 1925. Domestic receipts of gold at the mint continued to decline and were also less than a year ago. Imports of silver were much smaller during March than during either the previous month or the corresponding month of 1925. Exports, on the other hand, increased over both prior periods. The cumulative total for the first quarter, however, shows a different tendency than for the month of March, imports being larger and exports smaller than for the corresponding period of 1925. The price of silver continued to decline, and was also lower than in the corresponding month of last year. GOLD TRADE BALANCE, SHOWING EXCESS OF IMPORTS OR EXPORTS [March, 1926, is latest month plotted] 1920 I 1921 I 1922 | 1923 | 1924 j 1925 | 192$ 22 INDEXES OF BUSINESS The index numbers presented in this table are designed to show the trend in production, prices, trade, etc., in various groups of industry and commerce. They consist in general of weighted combinations of series of individual relative numbers; often the individual relative numbers making up the series are also given. The function of index and relative numbers is explained on the inside front cover. A condensed form of this table is given on page 9. 1925 PEE CENT INCREASE (+) OR DECREASE (-) 1926 Maximum since Jan. 1, 1920 Minimum since Jan. 1, 1920 January February March January February March 180 73 120 95 97 111 92 97 + 5.4 0.0 156 216 137 121 262 149 188 140 131 145 62 105 41 0 0 17 78 38 57 80 133 189 134 101 0 147 167 132 88 117 113 171 100 98 0 137 150 124 82 108 118 192 97 96 0 148 176 136 77 104 122 189 138 2 0 141 180 149 87 109 113 173 120 28 0 135 169 132 75 107 130 191 119 120 0 149 187 140 59 111 + 15.0 + 10.4 -0.8 + 328. 6 0.0 + 10.4 + 10.7 + 6.1 -21.3 + 3.7 + 10.2 -0.5 + 22. 7 + 25.0 0.0 + 0.7 + 6.3 + 2.9 -23.4 + 6.7 ANIMAL PRODUCTS (marketings) Total ._ _-_ Wool* Cattle and calves - - - _ __ Hogs Sheep Eggs * Poultry*. --_ _ Fish Milk (New York) 138 227 143 177 153 245 390 163 190 80 19 58 64 54 30 21 45 94 113 19 91 163 65 52 143 64 129 102 27 75 122 61 99 101 105 122 112 31 91 94 66 155 77 137 139 107 27 90 115 68 76 135 79 135 95 29 76 90 66 90 97 85 124 114 + 20.0 + 1.8 65 + 124. 1 + 109.7 88 -3.4 + 15.8 96 + 6.7 + 2.1 75 + 13.6 + 13.6 147 5. 2 + 63. 3 -8.2 89 + 15.6 132 j +55. 3 -3.6 144 + 3.6 + 16.1 CROPS (marketings) Total. Grains *. Vegetables * Fruits * Cotton products *__ Miscellaneous crops * 246 242 254 405 310 170 49 43 58 50 19 19 119 121 130 83 128 101 81 82 129 69 79 59 75 80 137 71 70 35 109 105 111 77 114 130 79 82 97 75 74 79 69 68 133 87 65 37 -12.7 -17. 1 + 37. 1 + 16. 0 -12.2 -53. 2 -8.0 -15.0 -2. 9 + 22. 5 -7. 1 + 5.7 FOREST PRODUCTS Total. . Lumber Pulp wood Gum (rosin and turpentine) * Distilled wood 136 137 164 267 149 61 59 51 20 24 116 119 106 76 103 111 116 88 67 91 125 128 124 67 100 108 109 120 56 105 114 119 97 45 94 126 131 129 31 100 + 10.5 + 10. 1 + 33.0 -31. 1 + 6. 4 + 0.8 +2.3 +4. 0 -53.7 0.0 131 136 129 130 151 166 115 127 191 164 195 132 153 71 68 77 54 32 57 63 69 92 69 71 70 37 117 122 113 117 141 144 85 113 168 106 179 111 104 124 115 94 108 127 137 85 99 151 100 171 100 112 129 129 96 112 143 150 94 111 159 125 182 109 139 122 122 105 108 140 137 75 122 179 95 167 110 122 130 120 92 106 129 145 77 113 162 85 152 105 133 130 135 98 117 151 158 87 127 166 115 176 114 153 0.0 + 12.5 + 6.5 + 10.4 + 17.1 + 9.0 + 13.0 + 12.4 +2.5 + 35.3 + 15.8 + 8.6 + 15. 0 + 0.8 4-4. 7 + 2. 1 + 4.5 + 5.6 + 5.3 -7.4 + 14.4 + 4. 4 -8.0 -3.3 + 4.6 + 10. 1 March, 1926, March, 1926, from Feb- from March, ruary, 1926 1925 PRODUCTION (Relative to 1919 monthly average as 100) RAW MATERIALS Grand total . _ . MINERALS Total _ Petroleum _ _ _ - _ _ Bituminous coal Anthracite coal.. Iron ore* Cooper . _-. _. -- -- V^WJ^^J. Lead Zinc Gold Silver - MANUFACTURING Grand total (adjusted for working days) _ _ Grand total (unadjusted) Foodstuffs Textiles Iron and steelLumber . Leather Paper and printing _ Chemicals, oils, etc Stone and clay products Metals, excepting iron and steel Tobacco Miscellaneous * Fluctuations between maximum and minimum due largely to seasonal conditions. 23 INDEXES OF BUSINESS—Continued Maximum since Jan. 1, 1920 STOCKS (Relative to 1919 monthly average as 100) (Corrected for seasonal variation) Total _ _-. Raw foodstuffs Raw materials for manufacture Manufactured f oodstuffs- , Manufactured commodities (Unadjusted index) Total Raw foodstuffs _ Raw materials for manufacture Manufactured foodstuffs _ Manufactured commodities UNFILLED ORDERS - 1936 1925 Minimum since Jan. 1, March January FebruMarch 1920 January February ary PER CENT INCREASE (+) OR DECREASE (— ) March, 1926, March, 1926, from from February, March, 1925 1926 167 228 189 121 185 91 73 89 58 86 155 186 149 87 178 151 181 139 86 177 150 193 128 80 173 167 228 168 74 179 164 227 162 74 174 155 197 153 81 171 -5.5 -13.2 -5.6 + 9.5 -1.7 + 3.3 + 2. 1 + 19.5 + 1.2 -1.2 168 250 202 115 179 84 70 68 56 88 102 216 157 85 172 164 230 137 83 178 159 236 118 73 176 165 218 181 72 175 166 237 163 69 175 165 250 142 66 174 -0.6 +5. 5 -12.9 -4.3 -0.6 + 3.8 + 5. 9 + 20.3 -9.6 1. 1 116 112 153 40 32 25 62 50 115 63 50 115 58 46 105 61 48 114 57 44 110 55 43 105 -3.5 -2.3 -4.5 -5.2 -6.5 0. 0 126 129 136 135 133 150 '89 60 59 43 62 88 58 *46 79 89 43 80 116 82 71 76 90 46 73 109 88 69 83 107 63 79 121 96 73 79 86 43 77 111 79 79 76 87 50 71 110 86 75 85 106 73 80 133 93 74 + 11.8 +21.8 +46.0 + 12. 7 +20.9 +8.1 -1.3 + 2.4 -0.9 + 15. 9 + 1.3 + 9.9 -3. 1 + 1.4 170 49 108 105 119 116 111 130 + 17.1 * +9.2 427 214 330 220 212 282 188 84 55 119 109 106 109 72 151 92 250 155 122 162 107 156 99 233 146 119 175 100 177 105 252 160 131 188 127 166 101 286 178 127 167 108 170 103 289 172 127 173 97 199 112 302 196 143 206 143 + 17.1 + 8.7 + 4. 5 + 14.0 + 12.6 + 19. 1 + 47.4 + 4. 1 + 6.7 + 19.8 +22. 5 + 9. 2 +9.6 + 12.6 224 154 80 100 108 119 101 127 121 139 115 126 105 133 130 143 + 23.8 + 7.5 + 7.4 + 2. 9 102 107 103 104 103 105 104 105 105 107 108 103 107 2 85 2 87 2 81 2 79 2 92 2 83 2 93 2 84 2 90 2 66 2 86 2 75 2 90 93 90 86 92 92 101 91 90 94 92 86 90 92 93 92 88 93 95 101 92 92 96 93 87 92 92 90 92 89 93 95 102 99 96 97 94 90 93 93 90 90 90 89 91 103 98 94 100 85 93 97 94 89 90 92 90 93 102 101 94 102 89 94 98 94 88 90 93 90 91 103 105 96 103 88 96 98 0.0 -1. 1 0.0 + 2. 2 -2. 2 -2.2 + 4. 5 -3.2 -4.2 + 1.0 + 6.1 0.0 + 6.2 -6.4 + 6.7 + 5.4 (Relative to 1920 monthly average as 100) (Iron, Steel, and Building Materials) Total (8 commodities) Iron and steel _ . _ . . . . Building materials WHOLESALE TRADE _ (Relative to 1919 monthly average as 100) (Distributed by Federal Reserve Districts) Grand total, all classes Hardware (10 districts) Shoes (8 districts) Groceries (11 districts) Drugs (7 districts) Dry goods (8 districts) Meats RETAIL TRADE (Relative to 1919 monthly average as 100) MAIL-ORDER HOUSES (4 houses) CHAIN STORES: Ten-cent (5 chains) Music (4 chains) _ _ Grocery (27 chains). Drugs (9 chains) Cigar (3 chains) Candy (5 chains) Shoe (6 chains) DEPARTMENT STORES: Sales (359 stores) Stocks (314 stores) __ .. EMPLOYMENT (Relative to 1923 monthly average as 100) Number employed, by industries: Total, all classes . Food products Textiles Iron and steel Lumber Leather Paper and printing Chemicals Stone, clay, and glass _ _ __ Metal products other than iron and steel _ Tobacco products Vehicles Miscellan eous * Since Jan. 1,1921. 2 2 2 2 2 2 2 2 2 2 2 2 2 80 » Since July 1,1922. +1.1 0.0 -2.2 + 1.0 + 4.0 + 2.1 + 1.0 -1. 1 + 2.1 0.0 24 INDEXES OF BUSINESS—Continued 1 Maximum since Jan. 1, 1920 1935 Minimum since Jan. 1, 1920 January Feb- ruary PEE CENT INCREASE (+) OR DECREASE (— ) 1926 March January Feb- 1 EMPLOYMENT— Continued (Relative to 1923 monthly average as 100) Amount of pay roll, by industries: 2105 Total, all classes 2 Food products - - - 2 107 106 Textiles _ 2 108 Iron and steel 2 106 Lumber _ 2 108 Leather 2 113 Paper and printing _ __ 2 106 Chemicals 2109 Stone, clay, and glass 2 Metal products other than iron and steel- 2 110 112 Tobacco products 2 107 Vehicles _ 2 112 Miscellaneous 22 7 4 85 2 72 262 284 2 78 2 88 2 85 2 84 2 70 2 88 2 60 2 72 90 96 92 90 90 92 105 91 92 95 96 79 91 95 95 96 93 96 96 104 94 98 ' 98 89 92 96 97 93 97 94 98 96 106 100 102 100 90 96 98 95 94 91 95 91 87 110 100 98 101 88 86 100 99 93 93 99 96 91 110 101 101 104 86 98 102 99 92 93 101 96 90 112 106 104 107 90 100 103 PRICE INDEX NUMBERS FARM PRICES (Relative to 1909-1914 average as 100) All groups Grain Fruits a n d vegetables _ _ _ Meat animalsDairy and poultry _ _ Cotton and cotton seed Unclassified _- 235 283 373 186 215 304 180 110 88 108 91 122 76 74 146 172 122 123 154 182 94 146 178 131 126 142 183 96 151 172 138 145 134 195 94 143 143 214 140 153 138 87 143 140 218 146 144 142 87 WHOLESALE PRICES Department of Labor Indexes (Relative to 1913) All commodities Farm products . Food, etc „ Cloths and clothing Fuel and lighting _ _ _ _ Metals and metal products Building materials Chemicals House-furnishing goods _ Miscellaneous 248 243 248 346 281 203 300 213 275 208 138 114 131 171 162 109 155 121 164 111 160 163 160 191 168 136 179 135 173 127 161 162 157 191 178 136 183 135 173 125 161 161 159 191 174 134 180 134 170 125 156 152 156 186 177 129 178 133 165 135 Commercial Indexes (Relative to 1913) Dun's (1st of following month) _ Bradstreet's (1st of following month) 218 227 134 115 169 151 167 150 161 149 161 149 COST OF LIVING National Industrial Conference Board Indexes (Relative to July, 1914) All items weighted Food (Dept. Labor) Shelter _ _ ._ > _ Clothing ... ... . Fuel and light Sundries « Since July 1,1922. March, 1926, March, 1926, from Feb- from March 1925 rary, 1926 March ruary + 1.8 + 5.0 + 3.0 +2.9 +4.7 + 2.0 + 1.0 + 2.1 -1. 1 -4. 1 + 7.4 -2.0 -6.3 + 5.7 + 6.0 + 2.0 + 7.0 0.0 + 4.2 + 5.1 140 133 220 147 137 133 85 -2.1 -5.0 + 0.9 +0. 7 -4.9 -6.3 -2.3 -7.3 — 22.7 + 59.4 + 1.4 + 2.2 -31.8 -20. 2 155 150 153 184 179 128 177 132 164 133 152 144 151 181 175 128 176 132 164» 128 -1.9 -4.0 -1.3 -1.6 -2.2 0.0 -0.6 0.0 0.0 -3.8 -5.6 -10.6 -5.0 -5.2 + 0.6 -4.5 -2.2 -1.5 -3.5 + 2.4 159 145 157 142 -1.3 -2. 1 -2.5 -4.7 0.0 — 1. 1 0.0 + 2.0 0.0 -1. 1 j 1 205 219 186 288 200 192 155 139 143 153 149 171 167 154 184 174 169 175 165 151 183 172 169 175 165 151 182 173 169 175 170 164 177 176 166 176 170 162 177 176 169 175 169 160 177 176 166 175 -0.6 -1.2 0.0 0.0 -1.8 0.0 1 + 2.4 + 6.0 -2.7 + 1.7 -1.8 0.0 25 RAILROAD LOCOMOTIVES FOREIGN DOMESTIC Total number Steam Electric Steam FOREIGN DOMESTIC Electric Total number Steam Electric Steam Electric Total number DOMESTIC Steam FOREIGN Electric Steam Electric MONTH SHIPMENTS BY MANUFACTURERS 1 1930 149 107 112 138 24 27 20 34 71 70 48 46 0 0 0 0 77 56 44 25 11 40 35 13 3 0 244 204 180 218 12 4 3 62 1 5 6 1 3 0 3 3 0 1 0 87 91 74 114 57 43 32 44 14 12 16 19 12 35 26 46 4 1 0 5 79 120 143 170 54 67 122 130 7 5 15 19 17 48 6 21 1 0 0 0 0 0 2 0 121 89 42 94 51 53 14 30 15 14 13 13 51 19 15 51 4 3 0 0 136 152 171 232 113 133 144 194 17 8 13 22 2 8 9 15 4 3 5 1 1,052 7 1,558 830 221 490 17 1,405 1,056 128 200 21 88 1 130 69 18 41 1 117 88 11 17 2 January _. February March. ... April 126 180 163 127 49 41 46 36 19 25 19 18 58 113 98 73 May June July ... . August 191 219 195 268 76 100 124 108 15 8 24 28 97 111 46 132 September October November December 228 346 316 324 135 198 206 199 27 46 37 40 66 102 71 85 _ 2,683 1,318 306 Monthly average- 224 110 26 Total ) ! 0 1 1933 'i 4 5 1 3 0 2 98 88 117 101 41 69 88 78 12 7 13 14 43 9 14 9 2 3 2 0 13 9 8 4 17 10 9 J8 1 1 0 0 101 114 76 118 65 58 .56 91 9 8 12 6 25 42 4 13 2 6 4 8 79 78 122 126 5 6 6 22 23 19 10 10 0 0 0 0 100 93 106 104 42 47 52 68 16 21 8 18 34 24 46 14 8 1 0 4 1,554 1,312 99 135 8 1,216 755 144 277 40 130 110 8 11 1 101 35 12 23 3 259 223 307 229 217 196 267 201 23 16 27 15 12 9 9 7 2 4 6 156 113 136 75 147 92 127 63 May June . July August 258 245 251 288 228 221 211 259 20 13 16 16 4 10 21 9 6 1 3 4 123 153 149 143 92 133 132 121 September October November December 349 330 311 328 313 295 270 304 14 20 13 14 13 10 20 3 9 5 8 7 107 103 138 158 8,378 2,982 207 127 62 265 249 17 11 5 Total 1935 1934 January February .. March April Monthly average. - 1933 1931 5 UNFILLED ORDERS OF MANUFACTURERS—END OF MONTH * 1933 1931 1920 January . February March April _ 733 1,031 1,286 1,784 212 511 696 1, 163 67 66 80 75 449 450 506 542 May June July August 1,849 1,789 1,776 1,662 1,221 1,187 1,133 1,113 98 123 163 165 529 478 480 381 September _ _ October . November December 1,667 1,507 1,278 1,004 1,097 971 796 632 156 169 161 137 409 360 311 225 Monthly average . 1,447 894 122 427 777 625 515 330 489 389 330 198 123 103 89 66 153 119 82 51 12 14 14 15 191 211 306 593 141 167 249 515 17 5 10 11 6 9 14 37 27 30 33 30 i 329 288 263 248 167 137 116 147 57 58 43 27 94 83 94 62 11 10 10 12 598 585 824 1,052 497 495 712 922 14 27 51 59 58 25 20 30 29 40 41 41 5 i210 189 280 308 251 102 117 139 143 36 28 31 19 41 128 116 67 10 7 22 22 1,470 1,574 1,655 1,650 1,341 1,414 1,495 1,492 50 78 78 77 35 31 36 32 44 51 46 49 5 367 206 57 91 13 892 787 40 28 38 5 ii 0 3 I 1935 1934 1933 January February March April 1,835 2,285 2,373 2,266 1,693 2,135 2,210 2,107 73 91 81 83 25 16 43 43 44 43 39 33 396 510 554 668 305 427 455 548 63 57 66 71 17 18 23 41 11 8 10 8 414 414 461 490 322 318 324 343 44 51 51 41 33 33 71 77 15 12 15 29 May . June July August 2,205 2,010 1,784 1,545 2,041 1,814 1,612 1,366 77 110 101 104 51 51 33 36 36 35 38 39 666 548 496 386 552 426 380 267 66 59 54 58 41 49 48 47 7 14 14 14 478 411 386 334 324 274 259 199 48 47 39 48 75 65 65 72 31 25 23 15 September.. October November December 1,217 997 704 409 1,062 875 616 326 95 76 68 62 30 21 3 11 30 25 17 10 409 495 424 439 294 358 292 325 55 67 68 50 46 56 47 47 14 14 17 17 390 530 585 708 278 386 435 557 41 40 46 54 64 92 64 56 7 12 40 41 Monthly average.. 1,636 1,488 85 30 32 499 386 61 40 12 467 335 46 68 22 i Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of the principal locomotive manufacturers, made in railroad shops. 94585—26 4 These data do not include locomotives 26 AUTOMOBILE PRODUCTION MONTH United States Total i United States Total Canada Canada United States Total _-_ September October November December Total . - 344,038 332, 760 295, 320 311, 958 16, 705 13, 299 10, 475 8,742 304, 087 ! 338, 664 289, 553 ' 281, 825 295, 815 330, 700 281, 951 273, 980 8,272 7,964 7,602 7,845 3, 589, 936 129, 228 24, 293 27, 030 22, 636 25, 044 23, 464 26, 384 22, 175 24, 436 829 646 461 608 360, 743 346, 059 305, 795 320,700 184, 485 211, 164 210, 955 205, 142 6,671 5,868 7,145 7,537 20, 258 22, 683 22, 813 20, 933 19, 812 22, 047 22, 229 20, 409 446 636 584 524 2,302,923 94,904 251.434 244, 285 7,149 191, 156 217, 032 218, 100 212, 679 2, 397, 827 - : i ; j 12, 195 10, 423 6,731 6,266 232, 439 252, 704 223, 823 246, 867 June July August 9,341 10, 910 13, 742 14, 331 229, 226 260, 881 332, 157 349, 474 244, 634 263, 127 230, 554 253, 133 _ 219, 885 249, 971 318,415 335, 143 421 516 646 i 832 4,629 6,907 9,892 10, 640 May 1 9,176 12, 939 19, 433 21, 781 80, 194 104, 936 152,311 197, 903 3, 719, 164 1934 789 1,129 1,382 1,617 44, 125 40, 639 30, 139 30, 335 42, 129 39, 023 28, 732 28, 721 1,996 1,616 1,407 1,614 28, 160 30, 238 28, 639 28, 680 26,815 28, 799 27, 070 27, 373 1,345 1,439 1, 569 1,307 378,288 361,078 17,210 26, 633 32, 774 43, 079 46,322 1,565 1,693 2,089 1,576 41, 492 36, 347 40, 070 36, 357 1,888 1,794 1, 845 1,486 57, 972 44, 309 37, 840 32, 746 2,480 1,694 2,237 1,731 475, 941 22,078 i ; 1935 i 28, 198 34, 467 45, 168 47, 898 29, 038 31, 295 34, 466 36, 104 1,747 1,679 2,040 1,933 212, 921 252, 803 332, 154 391, 302 204, 620 242, 024 319, 140 375, 787 8,301 10, 779 13, 014 15, 515 271, 033 214, 322 235, 925 249, 796 15, 291 10, 757 8,619 5,436 35, 408 29, 135 26, 448 28, 714 33, 655 28, 185 25, 341 27, 834 1,753 950 1,107 880 382, 714 i 364,806 ! 358, 554 221, 831 | 364, 363 350, 557 347, 414 214, 401 18, 351 14, 249 11,140 7,430 43, 380 38, 141 41,915 37, 843 263,528 260, 881 204, 343 182, 099 256, 940 254, 524 198, 381 174, 899 6,588 6,357 5,962 7,200 32, 015 32, 533 27, 956 27, 596 30, 663 31,263 26, 875 25, 906 1,351 1,270 1,081 1,690 272, 425 : 406, 572 : 336, 358 i, 285. 199 262, 053 392, 651 327, 617 277, 701 10, 372 13, 921 8,741 7,498 60, 452 46, 003 40, 077 34, 477 3, 262, 764 3, 144, 999 117, 765 378, 106 360,625 17,481 3,817,639 | 3, 678, 328 139,311 498,019 286, 324 225, 079 244, 544 255, 232 - .. 19, 475 22, 014 33, 634 37, 023 30, 785 32, 974 36, 506 38, 037 May ._ Total 20, 534 23, 143 35,016 38, 640 i 9,841 12, 072 15, 194 14, 448 293, 824 343, 460 357,045 346,405 September October November December Canada 283, 983 331, 388 341, 851 331, 957 January February March __ _ April June July August United States 19213 9,597 13,455 20, 079 22, 613 84, 823 111, 843 162, 203 208, 543 Total Canada 1933 January February March April TRUCKS PASSENGER CARS TRUCKS PASSENGER CARS | ! ! 1 i ] | ! 1 ! i 1 Compiled by U. S. Department of Commerce, Bureau of the Census, in cooperation with the National Automobile Chamber of Commerce, and represent practically complete production of passenger cars and trucks in the United States and Canada, the segregation as between domestic and Canadian output for the years 1922 and 1923 just becoming available. COTTON TEXTILES ' [In thousands of yards] I SHEETINGS YEAR AND MONTH Produc- Stocks tion 1935 41, 952 42,911 55, 945 45, 302 September October November December 36, 629 33, 331 35, 384 39, 657 Unfilled PRINT CLOTH Pro- Unfilled ducttion Stocks orders 69, 308 56, 092 46, 837 42, 130 60, 023 54, 760 77, 642 61, 643 20, 062 16, 710 21, 105 26, 195 103, 253 90, 376 96, 732 77, 292 orders PAJAMA CHECKS Production 2,898 2,854 3, 969 3,591 Stocks Unfilled orders 3, 520 2,119 1,619 1,755 9,400 8,014 9,370 6,988 DRILLS AND TWILLS (40" and narrower) Production 14, 956 13, 409 17, 009 13, 700 Stocks Unfilled orders 18, 783 16, 992 17, 463 18, 187 20, 077 18, 802 18, 195 15, 550 POCKETING TWILLS AND JEANS Production 3,125 3,744 4, 997 3,365 Stocks Unfilled orders 3,947 4,286 5,563 6,849 5,190 3,674 3,312 2,976 Total 186, 110 Monthly average 46, 528 36, 250 53, 592 63, 517 21, 018 91,913 3,328 2, 253 8,443 14, 769 17,856 18, 156 3, 808 5,161 3,788 57, 015 46, 612 45, 254 31, 105 22, 360 20,196 64, 378 62, 689 53, 992 80, 835 66, 952 65, 553 29, 996 33, 569 32, 503 86, 696 62,111 1 56, 757 4,796 4,404 4,839 921 914 1.212 7,080 10, 461 22, 352 17, 136 14, 499 13, 295 17, 072 16, 971 18, 394 14,811 11, 517 8,446 4,298 3,324 3,092 7, 091 7,153 7,037 3,309 2,140 1,608 1936 January February.. _ March 254, 068 ... OSNABURGS September October. November December 1935 _ _ _ _ _ _ Total 4,301 4,355 6,124 9,440 6,019 8,001 6,055 7,199 7,380 8,145 8,357 7,536 7,523 16, 429 18, 532 15, 427 24, 076 Monthly average January February March 5,662 7,793 9.464 9,086 5,830 5,819 6,723 5,704 _ _„_ 1936 59, 074 13,312 HEAVY WARP SATEENS 1,020 1,086 1, 521 1,249 758 775 1,410 1,427 1,918 1, 555 1,539 1,056 1,219 1, 093 1,517 1, 587 1,326 981 1,219 1,037 1,201 1,384 984 906 ! 15, 231 DRILLS, TWILLS, SHEETINGS AND SATEENS (wider than 40") 127, 275 122,019 122,632 124,290 110,880 103, 294 81, 487 64, 495 45, 168 124, 054 90, 039 49, 736 47, 289 49, 254 123, 139 116,816 120, 036 65, 886 56, 346 56, 580 14, 987 41, 404 18,130 i 44,461 22,423 ! 47,390 ; 17,234 I 47,418 ! 5,904 2,716 18, 194 6,851 7,367 7,061 1,586 1,798 3,250 19, 052 15, 177 12,435 j 23, 614 4,876 1 COLORED GOODS 2,830 2,782 2,881 2,371 5,044 5, 305 6,403 6,862 i 180, 673 i Compiled from weekly and semimonthly reports issued by The Association of Cotton Textile Merchants of New York. Monthly totals on production represent tho four or five weeks falling within the month, while figures on stocks and unfilled orders are as of the week ending nearest the end of the month. 27 COMMERCIAL STEEL CASTINGS CAPACITY 1 YEAR Total ! Railway [ Miscellaneous . BOOKINGS Miscellaneous Railway Total PER CENT OF CAPACITY Railway Miscellaneous Total Short tons 1 1913 monthly average _ i 1914 monthly average 1915 monthly average ! 1916 monthly average ' 1917 monthly average i ! 1 i __ 1918 monthly average 1919 monthly average. _ 1920 monthly average 1921 monthly average. _ . _ ! 1922 monthly average. 1923 monthly average. _ 1924 monthly average 1925 monthly average 84, 900 85, 800 89, 600 94, 200 100, 000 i ! 1 i i 36, 600 36, 800 40, 300 40, 500 41, 100 48, 300 49, 000 49, 300 53, 700 58, 900 104, 200 108, 200 116, 300 116,900 1 41, 100 41, 200 46, 500 46, 600 63, 100 67, 000 69, 800 70, 300 49, 000 52, 100 55, 300 57, 200 65, 800 66, 800 67, 200 68, 800 114, 800 118, 900 122, 500 126, 000 | i I j : i i i 57, 184 43,602 64, 252 101, 015 88, 394 27, 600 21, 142 29, 966 54, 645 34, 529 29, 584 22, 460 34, 286 46, 370 53, 865 109, 574 44, 120 78, 597 29, 707 48, 124 13,692 33, 080 12, 210 61, 450 30, 428 45, 517 17, 497 77, 167 88, 790 77, 764 75, 041 38, 890 40, 318 39, 961 31, 386 38, 277 48, 472 37, 803 43, 655 1 1 i : 67 51 72 107 88 75 58 74 135 84 61 46 70 86 92 105 41 68 26 117 33 71 26 97 45 65 25 67 75 64 60 79 77 72 58 73 56 64 i i S5 BOOKINGS OF COMMERCIAL CASTINGS Railway specialties Totai Per MONTH Short tons Miscellaneous I castings Per 0<f^_ Short tons pacity oTca- ! Short tons pacity Total Per cent of capacity Short tons Railwa^special- Per «*£ pacity Miscellaneous castings Per cent of capacity Per ce Q f ^_ Short tons Short tons } pacity 1920 1931 i January February March April _ May June July August . -.. , . September October November December Total 79, 393 84, 392 124, 678 98, 183 68 73 107 84 29, 522 j 30, 085 ! 65, 442 43, 933 64 65 141 95 49, 871 54, 327 59, 236 54, 250 72 78 I 85 78 i 33, 824 33, 444 28, 971 24, 097 29 29 25 21 11,327 14, 574 10, 487 7,775 24 31 23 17 22, 497 18, 870 18, 484 16, 322 32 27 26 23 96, 385 84, 441 77, 535 75, 422 83 73 67 65 43,282 i 30, 148 31,973 33, 745 93 65 69 73 53, 103 54, 293 45, 562 41,677 76 1 78 ! 65 ! 60 22, 903 23, 243 19, 705 22, 791 20 20 17 20 7, 500 8,712 6,162 8,390 16 19 13 18 15, 403 14, 531 13, 543 14, 401 22 21 19 21 77, 383 55, 584 48, 391 41, 379 67 48 42 36 36,870 1 20,056 18,109 i 13,810 1 79 43 39 30 40., 513 35, 528 30, 282 27, 569 58 1 51 !l 43 40 | 27, 555 37, 476 46, 405 36, 072 24 32 40 31 11,447 19, 425 23, 478 17, 245 25 42 50 37 16, 108 18, 051 22, 927 18,827 23 26 33 27 I 943, 166 68 71 546, 211 356, 486 26 146,522 26 209, 964 25 90 86 113 90 396, 955 65 1 1933 January February . March April- ..May June July August __ September October November December Total 1933 40, 968 44, 238 56, 660 84, 419 36 39 49 74 22, 913 21, 582 27, 677 51,065 47 44 57 104 18, 055 22, 656 28, 983 33, 354 27 34 44 51 117, 116 103, 874 163, 280 109, 772 99 87 137 92 57, 016 46, 271 87, 675 49, 955 109 89 168 96 60, 100 57, 603 75, 605 59,817 88, 006 100, 515 77, 775 75, 708 77 88 68 66 48, 225 57, 180 38, 550 28, 339 98 117 79 58 39, 781 43, 335 39, 225 47, 369 61 66 60 72 108, 908 102, 046 65, 637 67, 448 92 86 55 57 48, 871 50, 507 22, 505 27, 641 94 97 43 53 60, 037 51, 539 43, 132 39, 807 90 77 65 60 j 110, 087 90, 768 74, 367 82, 499 96 79 65 72 63, 196 43, 277 29, 470 35, 209 129 88 60 72 46, 891 47, 491 44, 897 47, 290 71 72 68 63, 383 54, 897 55, 224 53, 894 53 46 46 45 30, 566 19, 645 21, 193 21, 972 59 38 41 42 32, 817 35, 252 34, 031 31, 922 49 53 51 48 926, 010 67 466, 683 79 459, 327 58 1,085,479 75 483, 817 77 581, 662 73 1934 January. _ February March April- - _ - _ _ 1935 64, 218 85, 885 115, 420 84, 894 52 70 94 69 26, 649 42, 103 68, 646 43, 833 48 76 124 79 37, 569 43, 782 46, 774 41, 061 56 65 70 61 98, 703 76, 514 75, 537 74, 541 78 61 60 59 73, 110 61,860 49, 814 46, 663 60 51 41 38 38, 128 33, 667 22, 511 19, 923 69 61 41 36 34, 982 28, 193 27, 303 26, 740 52 42 41 40 63,827 62, 700 67, 881 63, 606 51 50 54 51 September October November December . 72, 940 79, 537 87, 058 111, 774 60 65 71 91 34, 814 37, 898 48, 960 62, 401 63 69 89 113 38, 126 41, 639 38, 098 49, 373 57 62 ' 57 74 59, 326 74, 283 83, 197 100, 377 47 59 66 80 Total 933, 173 64 479, 533 72 453, 640 56 900, 492 May June July August . ; 1 "lo" j ! 49,681 35, 356 29, 789 29, 861 87 62 52 52 49, 022 41, 158 43, 748 44,680 i 71 60 67 65 22, 817 23, 301 26, 387 23, 130 40 41 46 40 41, 010 39, 399 41, 494 40,, 476 ; ! ! | 60 57 60 59 20, 738 26, 434 38, 485 50, 654 36 46 67 89 33,588 ; 47, 849 j 44, 712 49, 723 i 56 70 65 72 376, 633 55 523, 859 64 1 Reported by the Steel Founders Society and principal nonmeinber firms to the U. S. Department of Commerce, Bureau of the Census. Reports are by 107 identical firms with a monthly capacity of 131,300 tons, of which 59,200 tons are usually devoted to railway specialties. Data for a few additional firms now out of business are also included, the present tabulation representing a complete revision of earlier figures previously published. Kailway specialties include such items as bolsters, side arms, draft arms, couplers, and cast-steel car wheels. 28 CONSUMPTION OF KEROSENE BY STATES Arkan- Colo- Florida Georgia In- 2 Kansas Mich- Minne- Ne- North Oklaigan sas rado diana sota braska Dakota homa Grand total YEAR AND MONTH South South Caro- Dakota lina Thousands of gallons 1933 23, 084 20, 163 21, 999 26, 117 1,222 1,054 69 908 519 620 569 528 1,708 1,335 1,367 1,205 1,981 1,981 1,759 2,108 3, 303 2,662 3,041 3,897 2,601 2,193 2,754 3,527 4,049 2,963 3,454 3, 762 2,076 2,017 2,574 2,893 1,112 1,632 1,524 1,028 738 468 858 1,154 2,022 1,746 2,080 2,026 936 711 1,058 1,031 817 781 892 1,050 32, 518 29, 159 31, 090 38,826 920 1,049 882 968 870 969 750 1,148 1,145 1,058 1, 012 1,127 1,578 1,520 1,558 1,893 6, 258 3,552 3,984 4,137 3,592 4,281 6,142 7,006 5,094 4,045 4,291 5,040 3,716 3,329 3,138 5,001 2,617 3,270 2,482 3,945 1,702 1,061 1,840 2,446 2, 250 2,420 2,464 2,875 796 986 1,274 1,067 1,980 1,619 1,273 2,173 37, 015 33, 942 28, 186 27, 185 703 692 1,074 917 1,048 665 720 556 1,124 1,308 1,457 1,665 2,322 2,035 2,200 2,156 3,048 4,611 3,980 3,932 7,625 4,881 4,081 3,010 5,085 5,113 4,676 4,425 4,395 4,902 3,840 3,287 2,675 3,361 1,407 2,143 3,649 1,666 413 987 2,154 2,396 1,967 2,265 1,038 889 1,367 915 2,149 1,423 1,004 927 349, 284 10, 458 8, 962 15, 511 23, 091 46, 405 51, 693 51, 997 41, 168 28, 196 16, 982 26, 665 12, 068 16, 088 26, 672 24, 000 27, 024 27, 718 1,131 948 963 1,068 542 565 841 729 1,826 1,643 1,604 1,341 2,006 1,873 1,923 1,801 3, 350 2, 789 2,848 i 3,056 3,447 ! 3,534 4,723 3,121 3,620 3,983 4,111 4,271 3,905 2,448 2,611 3,196 1,774 1,674 1,947 2,317 1,426 496 929 1,296 2,278 2,149 2,395 2,181 809 1,140 1,493 633 1,216 1,177 1,226 1,041 -- --- 34, 156 31, 189 30, 351 35, 444 863 659 719 1,062 807 869 788 876 1,248 1,153 1,097 1,089 2,040 1,618 1,429 1,594 4, 974 4, 490 3,155 : 4,898 3, 605 1 5, 852 4,419 \ 5,345 5,405 4,635 4,347 5,151 4,527 3,971 3,002 5,061 2,820 2,605 3,041 3, 002 2,142 1,733 1,209 2,194 2,415 2,562 2,887 2,297 881 1,179 1,297 1,245 1,544 2,152 1,078 2,109 - --- -------- 33, 191 32, 091 32, 260 29, 114 1,332 1,404 1,604 1,382 987 758 776 764 1, 163 1,530 1,796 1,815 1,873 2,747 2,637 2,158 4,368 ! 3,727 3, 901 3, 896 3, 980 3, 290 3,632 ! 3,006 5,330 5,286 4,756 4,188 4,460 4,765 4,761 3,961 2,447 1,713 2,031 2,196 2, 593 1,201 1,166 797 2,225 2, 186 2,902 2,455 1,214 1,317 1,414 1,815 1,472 1,387 1,147 945 360, 210 13, 135 9,302 17, 305 23, 699 46, 402 47, 004 55, 083 46, 668 27, 567 17, 182 28, 932 14,437 16, 494 30 380 27, 983 27, 880 33, 206 1,445 1,444 | 1, 648 ! 1, 547 1,088 614 694 475 2,191 2,286 2,097 1,536 2,255 2,044 1,859 1,796 3, 350 2, 848 3, 447 4, 723 3, 440 3, 675 3, 544 -4, 714 3,861 3,658 3,616 5,005 4,470 3,423 3,595 4,379 2, 221 2,627 1,737 2,512 569 806 659 1,662 2,826 2,510 2, 512 2,247 1,371 999 1,626 1,357 1,293 1,049 846 1,253 35, 602 29, 967 28, 838 34, 084 1,782 1,257 1,136 1,052 1,176 865 703 923 1,384 1,153 1,246 1,255 1,754 1,631 1,557 1, 331 4, 974 3, 155 3, 605 4,419 i 4, 213 3, 991 5, 534 5,766 5,987 5,009 4,517 5,246 3,635 3,628 2, 734 3,927 3,163 2, 158 1, 457 2,845 1,313 1,364 1,171 1,686 2,498 2,613 3,131 2,845 1,458 1,336 827 1,419 2,265 1,807 1,220 1,370 37, 482 34, 140 31, 080 29, 980 1,353 1,195 1, 532 1,313 1,085 751 666 598 1,364 1, 648 1,864 2,194 2,072 2,355 2,260 2,235 4, 368 4, 702 3,901 i 3,732 3, 980 2, 971 3, 632 3, 215 5,819 5, 347 4,632 4,482 5,355 5,320 4, 646 4,867 2,060 2,123 2,263 1,513 2,862 1,784 1,164 562 2,748 2,512 2,482 2,803 1, 611 1,666 1,556 1,664 2,083 1,806 1,064 902 — 380, 622 16, 704 9,638 20, 218 23, 149 46, 402 49, 497 57, 179 49, 979 26, 679 15, 602 31, 727 16, 890 16, 958 - ---- — - 30, 229 30, 388 29, 535 36, 359 1,816 1,621 1, 615 1,843 691 660 798 782 2,287 2,157 2,133 1,871 2,125 1,866 1,997 1,902 3,350 2,848 3,447 4,723 3,632 3,766 4, 185 3,477 3,453 4,112 3,480 5,819 5,396 4,381 4,132 4,051 1,733 2,054 2,020 3,252 900 1,447 791 2,409 2,799 2,941 2,484 2,463 1, 135 1,729 1,384 1,401 912 806 1,069 2,366 - 35, 655 31, 186 30, 903 38, 654 1, 604 1, 032 1, 160 1, 284 813 829 728 820 1,692 1,558 1,524 1,641 1,792 1,406 1,685 1, 438 4,974 3,155 3,605 4,419 4,362 5,101 5, 562 5,990 5,967 5,284 4, 465 5,039 3,055 3,227 3,422 6,200 3,193 2,630 2,384 3,008 1,965 1,100 1,467 2,545 2,233 3,308 2,928 2,828 1,124 1,024 872 936 2,881 1,532 1, 101 i 2,506 ; 38, 110 35, 185 33, 229 30, 687 I 1, 089 1, 759 1,645 ! 1, 449 1,278 711 566 641 1,766 2,261 2,870 3,888 1,681 2,303 2,193 1,562 4,368 3,901 3,980 3,632 4,215 3,348 2,835 2,642 5,948 5, 170 4,817 4,336 6,334 6,527 5,517 5, 296 2,757 2,508 1,910 1,781 2,914 1,725 1,020 548 2,546 2,570 2,999 2,518 1,111 1,343 1,597 1,536 2. 103 ! i; 059 1,280 ! 858 I 400, 120 ! 17,917 i 9,317 25, 648 21, 950 46, 402 49, 115 57,890 57, 538 29, 230 18, 831 32, 617 15, 192 18, 473 j January _ February March April . . - May Juns July August - - September October November December - - Total 1933 January February M^arch April - May - -- --, June July August - September October November December - Total 1934 January February March April ___- —- May June July August - September November December ---- Total --- 1935 January February JVIarcti April May June July August September October November December Total _ _ „_ - - f i 1 ! 1 1 Compiled by American Petroleum Institute from reports of kerosene tax collections by the individual States. 2 Due to an injunction against the operation of the law in Indiana figures for that State are not available since 1923; the totals for 1923, however, have been used for the corresponding months of 1924 and 1925, in order to permit a total for identical States. 29 WOOL PRICES PER POUND AT BOSTON 1910 1911 1913 1914 1913 1915 1916 1917 1918 1919 1930 1931 1933 1933 1934 1935 1936 MONTH OHIO AND PENNSYLVANIA FLEECES, QUARTER-BLOOD COMBING, MONTHLY AVERAGE January February March April $0.28 .27 .26 .24 $0.27 .29 .28 .27 $0.31 .30 .30 .27 $0.22 .23 .24 .24 $0.30 .36 .37 .37 $0.38 .39 .39 .39 $0.48 .52 .54 .58 $0.76 .76 .77 .77 $0.68 .63 .63 .55 $0.66 .68 .66 .64 $0.27 .27 .27 . 28 $0.34 .37 .38 .36 $0.51 .53 .53 .53 $0.52 .54 .54 .53 $0.69 .68 .63 .54 .24 .24 .24 .24 .27 .28 .29 .30 .24 .24 .24 .24 .26 .26 .27 .27 .36 .36 .38 .38 .38 .40 .41 .41 .62 .69 .74 .74 .75 .75 0) 0) .56 .60 .67 .68 .62 .54 .47 .44 .28 .26 .24 .23 .41 .44 .44 .42 .53 .53 .51 .49 .49 .44 .44 .48 .45 .50 .52 .51 .25 .24 .25 .25 .30 .30 .30 .30 .24 .23 .22 .22 .27 .27 .28 .29 .37 .36 .36 .37 .40 .42 .44 .47 .75 .75 .76 .76 0) 0)1 C) 0) .68 .66 .66 .66 .42 .38 .32 .29 .24 .24 .26 .29 .43 .47 .50 .50 .47 .47 .48 .51 .53 .57 .61 .70 .50 .51 .54 .55 • 25 .29 .25 .26 .36 .41 .66 2.76 .64 .51 .26 .42 .51 .53 .55 May June July August September October November December. _ Monthly average.. $0.54 .53 DOMESTIC TERRITORY, FINE STAPLE, MONTHLY AVERAGE January . February March . April $0.78 .76 .72 .68 $0.61 .60 .57 .54 $0.61 .62 .62 .62 $0.65 .64 .59 .56 $0.53 .57 .59 .59 $0.64 .72 .73 .71 $0.76 .79 .80 .80 $1.17 1.24 1.32 1.36 $1.85 1.86 1.84 1.86 $1.42 1.50 1.49 1.66 $2.00 2.10 2.10 2.10 $0.83 .90 .88 .88 $0.97 1.10 1.10 1.09 $1.43 1.44 1.44 1.49 $1.37 1.41 1.41 1.36 $1.67 1.65 1.58 1.42 May June July... . August .64 .64 .62 .64 .55 .56 .57 .61 .62 .63 .61 .68 .56 .56 .55 .55 .60 .62 .63 .63 .69 .70 .72 .73 .82 .84 .86 .87 1.44 1.70 1.75 1.79 1.80 1.80 0) 1.68 1.74 1.80 1.88 2.05 1.76 1.69 1.63 .86 .82 .82 .82 1.27 1.34 1.35 1.31 1.53 1.50 1.44 1.37 1.33 1.28 1.30 1.36 1.24 1.31 1.37 1.31 September October November December .64 .64 .65 .64 .60 .58 .60 .61 .66 .66 .66 .66 .54 .54 .54 .52 .62 .61 .64 .63 .73 .72 .72 .74 .88 .92 .99 1.10 1.81 1.81 1.82 1.82 1.88 1.88 1.93 1.97 1.44 1.16 1.04 .86 .82 .82 .84 .89 1.30 1.34 1.39 1.40 1.32 1.30 1.30 1.34 1.44 1.48 1.60 1.68 1.28 1.32 1.32 1.30 .67 .58 ,64 .57 .61 .71 .87 1.59 1.74 1..66 .85 1.25 1.41 ' 1.42 1.40 Monthly average 1 0) 0)1 C1) C) 0) 2 1.84 2 Price not reported; fixed by the Government. $1.28 1.26 Six months' average APPARENT CONSUMPTION OF CHEESE 1 RYE—VISIBLE SUPPLY AT END OF MONTH 1 [Thousands of pounds] [Thousands of bushels] 1920 1921 1923 1923 1924 1925 _ 14, 382 15, 925 14, 554 14, 001 16, 135 17, 161 16, 781 10, 142 2,077 1,933 1,632 1,044 6,463 6,880 8,506 7,701 10, 838 12, 788 15, 270 18, 082 17, 403 18, 939 19, 886 19, 247 13, 122 19, 489 18, 168 11,411 May June... July August . 9,668 8,171 8,877 10, 890 6,832 5,431 1,953 1,116 898 397 1,012 3,960 2, 507 1,007 892 2,553 14, 957 13, 801 10, 832 11, 174 16, 978 15, 113 11, 603 13, 303 8,507 7,181 3,357 3,688 September October November December 13, 353 . . 15, 795 15, 685 14, 915 1,718 2,410 2,989 3,204 4,123 4,934 5,716 5,692 4,294 8,266 8,973 8,348 12, 611 15, 489 15, 817 16, 549 12, 311 14, 174 17, 965 18, 532 7,382 9,290 10, 533 11, 945 13, 018 7,323 2,785 5,516 14, 017 16, 288 10, 339 1920 1921 1922 1923 1924 1925 January February March April 27, 175 28, 401 34, 120 33, 652 28, 756 27, 530 29, 758 31, 694 28, 433 27, 665 32, 093 30, 630 31, 130 29, 398 33, 032 33, 094 36, 127 33, 462 40, 950 40, 552 35, 981 33, 743 39, 245 35, 860 January February March April May June July August 43, 002 34, 979 21, 120 26, 112 40, 887 29, 696 26, 041 32, 393 38, 845 30, 900 31, 553 32, 396 40, 680 35, 856 30, 942 35, 857 44, 784 39, 729 32, 077 34, 321 46, 860 43, 240 35, 224 38, 922 September October November December 37, 610 34, 627 30, 814 24, 046 34, 334 36, 658 34, 560 28, 200 40, 068 49, 065 35, 844 30, 415 43, 078 46, 896 34, 107 34, 728 48, 264 43, 203 39, 247 34, 763 42, 264 48, 810 36, 740 35, 846 Total 375 658 380, 507 407, 907 428, 798 467, 479 472 735 Monthly average 31, 304 31, 709 33, 992 35, 733 38, 956 39, 395 i Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing the disappearance of cheese into trade. The data are computed from production (comprising actual factory data plus allowance for production on farms) imports, and the difference in cold-storage holdings. 1919 .. Monthly average 1 Compiled by the Federal Reserve Board, Division of Research and Statistics, representing stocks held in elevators and warehouses at 11 interior centers and 8 seaports. 30 TREND OF BUSINESS MOVEMENTS The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial movements. These data represent continuations of the figures presented in the latest semiannual number (February, 1926), in which monthly figures for 1924 and 1925 may be found, together with explanations as to the sources and exact extent of the figures quoted. The figures given below should always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the end of the month referred to. For explanations of relative numbers, including base periods, see introduction on inside front cover. I The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 1925 December January February March January February March March March. 1926, from <rom Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 1926 1925 ! TEXTILES Wool Receipts at Boston: Total __ _ thous. of lbs_. Domestic thous. of Ibs.. Foreign thous. of lbs._ Imports, unmanufactured _ -thous. of Ibs.. Consumption by textile mills, grease equivalent thous. of lbs._ Machinery activity, hourly: LoomsWide per ct. of hours active _. Narrow per ct of hours active Carpet and rug.per ct. of hours active.. Sets of cards per ct of hours active Combs _ per ct. of hours active Spinning spindlesWoolen per ct. of hours active Worsted per ct. of hours active _. Prices: Raw, Ohio, ^ blood, unwashed dolls, per lb_. Raw, territory fine, scoured _ -dolls, per lb_. WTorsted yarn dolls, per lb._ W omen's dress goods — French serge dolls, per yd_. Men's suitings dolls, per yd.. 18, 754 6, 501 13, 253 23, 176 29, 883 4,767 25, 116 45, 102 31, 379 5,098 26, 281 35, 321 45, 060 11, 634 33, 426 48, 002 38, 987 3,418 35, 569 47, 504 18, 285 4,807 13, 478 37, 725 32, 886 +43.6 +37.0 5,475 +128. 2 +112. 5 27, 411 +27.2 +21.9 35, 791 +35.9 +34.1 90, 158 13, 700 76, 458 121, 020 106, 322 21, 499 84, 823 128, 425 +17.9 +56.9 +10.9 +6.1 44, 762 41, 446 40, 492 43,932 51, 435 46, 415 45, 853 +8.5 -4.2 143, 703 125, 870 -12.4 70 64 67 81 86 67 63 68 77 85 63 62 70 76 85 62 61 70 78 79 76 72 78 92 89 75 69 81 93 88 71 68 86 94 77 -1.6 -1.6 0.0 +2.6 -7.1 -12.7 -10.3 -18.6 -17.0 + 2.6 76 71 72 71 70 75 73 70 88 76 90 74 92 66 +4.3 -6.7 -20.7 +6.1 2,608 -14.6 146, 142 1 -1.7 .55 .54 .53 .48 .69 .68 .63 -9.4 -23.8 1.30 1.55 1.28 1.55 1.26 1.55 1.21 1.50 1.67 1.90 1.65 1.90 1.58 1.80 -4.0 -3.2 -23.4 -16.7 .80 3.60 .80 3.60 .80 3.60 .80 3.51 .78 3.78 .80 3.78 .80 3.78 0.0 -2.5 0.0 -7.1 1,155 62, 061 752 38, 355 701 45, 726 1,379 54, 822 864 59, 902 811 33, 955 -6.8 +19.2 -13.6 +34.7 3,054 148, 679 749, 967 583, 192 556, 185 567, 244 519, 732 1, 076, 075 594, 010 634, 593 811, 838 550, 775 740, 076 583, 407 -6.6 +11.9 -29.8 +8.8 2, 627, 989 1, 728, 192 6,987 1,811 5,176 6,575 1,831 4,744 5,930 1,768 4,163 5,302 1,442 3,860 4,616 1,542 3,073 3,662 1,634 2,028 -9.8 +61. 9 -3.4 +8.2 -12.2 +105. 3 6,774 5,238 6,643 4,930 5,957 4,278 5,830 4,722 5,645 4,328 5,323 3,790 -10.3 —13.2 +11.9 +12.9 32, 803 8,359 221 98.7 33, 029 8,094 214 102.8 33, 233 9,163 242 102.1 33, 321 8,554 226 97.1 33, 359 7,893 208 100.5 33, 217 8,615 228 100.0 +0.6 +13.2 +13.1 -0.7 0.0 +6.4 +6.1 +2.1 Cotton 2,506 Receipts into sight thous. of bales _. 34, 474 Imports, unmanufactured .bales _ _ Exports, unmanufactured 984, 061 (including linters) bales Consumption by textile mills bales.. 575, 271 Stocks, domestic, end of month: Total, mills and w'houses. .thous. of bales.. 7,326 Mills thous. of bales.. 1,718 Warehouses thous. of bales 5,608 Stocks, world visible, end of month: Total _ thous. of bales.. 7,056 5,634 American thous. of bales.. Machinery activity of spindles: Active spindles .thousands. . 33, 001 8,272 Total activity. _ .millions of hours .. Activity per spindle .hours . . 218 99.5 Per cent of capacity _ per cent-. Cotton finishing: Billings, finished goods (as produced).. thous. of yds.. 83, 541 Orders received, grey yardage thous. of yds.. 78, 448 Shipments, finished goods cases .. 44, 754 Stocks, finished goods cases.. 42, 315 62 Operating activity per ct. of capacity.. Manufactured goods: Cotton cloth exports thous. of sq. yds.. 46, 871 Fabric consumption by tire manufacturers thous. of Ibs 12, 261 Elastic webbing sales ..thous. of yds.. 13, 137 Fine cotton goods, production pieces .. 448, 625 Prices: Raw cotton.174 To producer dolls, per lb_. New York ...dolls, per lb_. .202 Cotton yarn— .402 22/1 cones, Boston dolls, perlb.. 40/ls, New Bedford dolls, per lb_. .550 .087 Print cloth, 64x60 ...dolls, per yd Sheeting, brown dolls, per yd_.103 Cotton goods (Fairchild) index number. . 178 1 Cumulative through Feb. 28. 1,825,884 1,785,029 -30.5 +3.3 1 78, 170 82, 370 98, 321 81, 174 81, 650 94, 039 +19.4 +4.6 256, 863 258,861 +0.8 87, 188 46, 679 41, 111 62 85, 055 46, 922 41, 006 71 97, 436 54, 452 41, 329 74 84, 459 49, 319 36, 925 62 83, 293 47, 961 36, 101 66 86, 776 48, 879 36, 121 69 +14.6 +16.0 +0.8 +4.2 +12.3 +11.4 +14.4 +7.2 254, 528 146, 159 269,679 148,053 +6.0 +1.3 41, 017 37, 626 41, 344 51, 819 39, 660 51, 520 +9.9 -19.8 142, 999 119,987 -16.1 13, 198 10, 875 427, 234 13, 251 10, 892 397, 463 14, 198 13, 364 13, 798 388, 053 15, 041 14, 273 444, 886 +7.1 -5.6 452, 349 12, 311 13, 155 419, 904 +13.8 +1.7 .172 .208 .177 .206 .165 .194 .227 .240 .230 .247 .245 .256 -6.8 -5.8 -32.7 -24.2 .403 .550 .087 .101 .399 .545 .086 .101 .384 .540 .080 .098 .437 .547 .092 .108 .430 .569 .095 .107 .430 .589 .096 .110 -3.8 -0.9 -7.0 -3.0 -10.7 -8.3 -16.7 -10.9 176 175 170 194 194 196 -2.9 -13.3 40,716 i 21, 767 1, 252, 843 40,647 i -0.2 i 26, 953 +23.8 1, 277, 046 +1.9 - -- 31 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December January February PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 March January February March CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 Perct. increase or de^ crease (-) cumuIfttive 1926 from 1925 March March, 1926, from from Febru- March, ary 1925 1925 1926 17, 607 122, 571 18, 794 128, 024 +6.7 +4.4 TEXTILES— Continued Silk Imports, raw thous. of lbs__ Deliveries (consumption) bales _. Stocks, end of month: At warehouses bales.. At manufacturers' plants bales.. Price, Japanese, New York dolls, per lb__ Silk machinery activity: Broad looms per cent of normal.. Narrow looms per cent of normal.. Spinning spindles .per cent of normal .. 8,063 42, 484 6,821 46, 148 6,919 42, 476 5,054 39, 400 6,634 39, 885 5,259 37, 529 5,714 45, 157 -27.0 -7.2 -11.6 -12.7 49, 824 30,277 6.81 47, 326 32, 054 6.71 43, 418 31, 118 6.66 35, 948 58, 732 25, 084 6.08 60, 249 24, 252 6.22 46, 663 27,761 5.83 -17.2 -23.1 -9.5 +3.4 95.2 58.7 104.5 93.9 59.1 101.7 92.6 59.2 103.4 80.9 55.6 82.1 80.2 56.5 83.1 83.4 58.5 85.3 21,569 2 1, 736 2223 1,677 1,673 238 1,578 1,604 207 1,626 1, 562 245 1,843 1,574 233 i 3, 246 i 3, 409 1461 i 3, 204 i 3, 166 M52 -1.3 -7.1 -2.0 231, 421 187, 349 345, 229 242, 467 213, 248 333, 286 237, 808 214,095 330, 893 252, 861 213, 031 325, 958 290, 448 251, 365 344, 714 i 473, 888 * 400, 597 i 490, 669 i 427, 126 +3.5 +6.6 3,510 3,161 5,834 2,896 6,206 3,672 3,146 6,156 3,699 7,242 3,592 3,254 6,410 3,322 6,329 3,661 3,206 5,738 4,400 7,372 3,703 3,372 5,964 3,852 7,705 4,039 3,791 5,945 4,096 7,730 * 7, 264 i 6, 400 i 7, 364 i 6, 578 +1.4 +2.8 i 7, 021 i 8, 252 +17.5 1,069 941 1,096 1,314 2,741 1,060 1,081 993 1,373 2,736 1,094 1,057 1,446 1,048 2,966 1,079 1,108 981 1,832 3,585 1,201 1,198 1,030 1,254 3,614 1,325 1,245 1, 103 1,210 3,472 i 2, 154 i 2, 138 *1 2, 280 2, 306 +5.8 +7.9 1 1 51, 363 27, 014 64, 493 36,715 47, 190 27, 235 63, 653 36, 701 56, 240 33, 142 56, 524 25, 273 56, 175 29,559 +34.9 +13.3 +34.8 +24.2 2,728 2,077 1,677 2,310 1,927 1,639 2,320 1,971 2,080 2,885 2,313 1,696 1,941 1,850 1,497 1,923 1,671 1,593 2,537 2,254 1,498 +24.4 +13.7 +17.4 +2.6 -18.5 +13.2 46.1 12, 277 45.1 11,471 50.2 11, 371 53.0 12, 117 33.9 13, 107 41.6 12, 836 43.6 12, 607 +5.6 +21.6 +6.6 -3.9 6.03 Clothing Men's and boys' garments cut: Suits .thous. of garments . 1,491 Separate trousers thous. of garments .. 1,631 Overcoats .. -thous. of garments . 211 Work clothing: Cut ._ dozen garments 189, 033 Net shipments d ozen garments _ . 157, 364 Stocks, end of month dozen garments-- 332, 123 Hosiery Production thous. of dozen pairs.. Net shipments. thous. of dozen pairs.. Stocks, end of month thous. of dozen pairs.. New orders thous. of dozen pairs.. Unfilled orders, end mo --thous. of dozen pairs.. Knit Underwear Production. Net shipments _ Stocks, end of month New orders Unfilled orders, end of mo thous. thous. thous. thous. thous. of dozens.. of dozens. . of dozens-of dozens.. of dozens. . Burlap and Fibers Imports: Burlap. thous. of lbs_. Fibers (unmanufactured) long tons 3, 086 +27.5 168, 939 87, 974 175, 336 100, 651 +3.8 +14.4 6,401 5,775 7,515 6,221 +17.4 +7.5 15, 732 14, 592 -7.2 10, 148 2,103 9,681 2,148 -4.6 +2.1 2, 421 Pyroxylin Coated Textiles Pyroxylin spread thous. of lbs_. Shipments billed thous. of linear yds_. Unfilled orders, end of mo.thous. of linear yds., BUTTONS Fresh-water pearl buttons: Production per ct. of capacity Stocks, end of month thous of gross IRON AND STEEL Iron Iron ore: Consumption thous of long tons 4,965 Stocks— Total thous of long tons 36, 898 At furnaces . thous. of long tons 29, 817 On Lake Erie docks thous of long tons 7,081 Pig-iron production: Total __ thous. of long tons 3,250 Merchant furnaces thous. of long tons__ 722 Furnaces in blast, end of month: 234 Furnaces _ _ number Capacity long tons per day 107, 560 Per cent of total per cent 61.9 Ohio gray-iron foundries: Meltings15, 678 Actual ° . long tons Normal ° _. ._ long tons 20, 116 77.9 Ratio to normal °._per cent of normal __ Stocks end of month per cent of normal 8.8 Receipts per cent of normal 7.4 Malleable castings: Production tons.. 61, 791 Shipments tons.. 55, 713 Orders booked .. ._ __ . . tons 51, 400 Operating activity per ct. of capacity-59.5 Wholesale prices: Foundry No. 2, Northern dolls per long ton 22.26 Basic (valley furnace) ..dolls, per long ton.. 20.00 Comnosite rtisr iron dolls. Der loner ton. 22.28 i Cumulative through Feb. 28. 5,043 4,389 5,160 5,242 5,000 5,490 +17.6 -6.0 32, 035 25, 412 6,623 27, 677 21, 593 6,084 22, 611 17, 120 5,491 31, 154 24, 430 6,724 26, 207 20, 184 6,023 20, 791 15, 695 5,096 -18.3 -20.7 -9.7 +8.8 +9.1 +7.8 3,316 716 2,923 651 3,442 781 3,370 678 3,214 674 3,564 751 +17.8 +20.1 -3.4 +4.0 224 104, 065 59.3 226 104, 800 60.3 236 114,000 63.3 251 111, 150 62.3 254 115, 700 63.0 245 112, 380 61.1 +4.4 +8.8 +5.0 -3.7 -1.5 +3.6 16, 797 22, 087 76.0 7.7 6.4 16, 123 21, 801 73.9 9.1 6.9 21, 162 23, 424 90.3 11.1 7.8 16, 516 23, 358 70.7 94 72 17, 605 24, 626 71.4 10.6 5.8 21, 035 28, 048 74.9 9.4 6.4 +31.3 +7.4 +22.2 +22.0 +13.0 +0.6 -16.5 +20.6 +18.1 +21.9 55, 156 76, 032 54, 082 67, 312 -1.9 -11.5 72, 417 52, 287 61, 120 69.2 62, 574 59, 845 54, 118 59.7 70, 474 65, 989 55, 027 67.6 62, 829 55, 672 58, 047 58.6 56, 399 57, 042 46, 193 53.4 57, 304 58, 999 52, 962 53.6 +12.6 +23.0 +10.3 +11.8 +1.7 +3.9 +13.2 +26.1 176,532 171,713 157, 202 205, 465 178, 121 170, 265 +16.4 +3.7 +8.3 22.26 20.00 22.29 22.26 20.00 22.31 22.26 20.00 22.29 24.14 21.88 23.24 2 Revised. 0.0 -2.6 0.0 -6.1 -0.1 -2.5 See table on p. 24 of the March issue for earlier data. 23.76 22.00 23.21 22.86 21.30 22.87 32 TREND OF BUSINESS MOVEMENTS—Continued 1926 1925 PER CENT INCREASE (+) OR 1925 DECREASE (— ) The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December January February March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 Perct. increase ( } or tdecrease (-) cumulative 1926 from 1925 1926 IRON AND STEEL— Continued Crude Steel 4,154 3,805 4,492 Steel ingots, production thous. of long tons.. 3,976 4,199 4,199 3,756 Steel castings: 93, 121 100, 377 104, 467 Total bookings short tons 106, 186 75, 537 98, 703 76, 514 51, 557 50, 654 Railroad specialties _ short tons.. 29, 789 41, 236 44, 461 49,681 35, 356 54, 629 51, 885 49, 723 49, 022 41, 158 45, 748 60, 006 Miscellaneous bookings short tons U. S. Steel Corporation: Unfilled orders, end of month. . thous. of long tons.. 4,883 5,033 4,864 4,617 4,380 5,037 5,285 Sheets, blue, black, galvanized, and full finished: 299, 553 328, 643 317, 424 290, 308 319, 132 Production (actual) short tons.. 326, 960 283, 290 104.4 100.9 94.2 Production _. per ct. of capacity-100.7 98.0 96.5 90.7 Stocks, end of month165, 445 Total _ short tons.. 165, 481 140, 823 165, 966 159, 661 173, 381 151,788 Unsold short tons.. 39, 155 51, 648 55, 295 49, 460 57, 714 61, 433 53, 717 290, 026 Shipments short tons 333, 485 293, 579 283, 645 320, 623 255, 080 279, 437 241, 040 181, 101 Sales short tons.. 319, 504 253, 323 235, 980 304, 233 263, 666 607, 190 534, 641 Unfilled orders, end of month, .short tons.. 677, 907 609, 203 523, 882 550, 422 565, 133 Steel barrels: 522, 486 Production barrels 468, 722 467, 485 420, 127 622, 949 413, 823 505, 429 518, 104 622, 312 Shipments.. barrels.. 474, 742 469, 432 415, 040 407, 781 510, 928 Stocks, end of month barrels.. 49, 772 45, 390 46, 100 59, 277 64,402 50, 409 57,603 Unfilled orders end of month barrels.. 1, 745, 346 1, 765, 846 1, 697, 328 1, 645, 066 1, 374, 274 1, 336, 124 1, 264, 860 Wholesale prices: 35.00 35.00 35.00 Steel billets, Bessemer .dolls, per long ton.. 35.00 37.00 36.70 37.00 Iron and steel dolls, per long ton.. 39.12 38.95 39.18 40.95 41.13 40.70 38.91 2.63 2.65 2.65 2.63 Composite steel _. . dolls, per 100 Ibs.. 2.77 2.83 2.76 2.00 2.00 2.00 2.00 Structural steel beams ...dolls, per 100 lbs_. 2.10 2.10 2.10 +18.1 +7.0 12, 154 12, 451 +2.4 +12.2 +7.8 +15.7 +38.3 +49.3 +31.2 250, 754 114.826 135, 928 303, 774 137, 254 166, 520 +21.1 +19.5 +22.5 -5.1 -10. 0 +6.5 -6.6 +9.9 +3.9 891, 022 947, 328 +6.3 +4.8 +14.2 +18.9 +6.4 +10.5 +14.7 +68.0 +15.4 +2.1 -2.9 818, 162 740, 686 944, 134 738, 657 + 15.4 -0.3 1, 339, 379 1, 333, 749 1, 614, 157 1, 609, 848 +20.5 +20.7 320, 858 399, 460 243, 169 423, 566 501, 210 248, 327 +32.0 +25.5 +2.1 +19.2 +23.3 +20.1 +21.8 +1.3 -12.5 -3.1 +30.1 0.0 -0.1 0.0 0.0 -4.6 -4.4 -4.7 -4.8 Steel Products Iron and steel: Exports (selected series) long tons.. Exports (total) long tons.. Imports long tons.. Structural steel, fabricated: Bookings (prorated) short tons.. Bookings per ct. of capacity-Shipments (prorated) short tons.. Shipments per ct. of capacity-Steel plate, fabricated, bookings: Total short tons . . Oil storage tanks _ short tons.. Steel furniture: Business group — Shipments . . _ . _ . thous. of dolls.. Orders received thous, of dolls. . Unfilled orders thous. of dolls. . ShelvingShipments thous. of dolls Orders received thous. of dolls Unfilled orders thous. of dolls.. 108,866 142, 209 85, 652 150,972 174, 585 71,838 130, 533 157, 187 92, 681 142, 061 169, 438 83, 808 116,715 141, 777 72, 921 77, 989 102, 299 85,872 126, 154 155, 384 84, 376 +8.8 +7.8 -9.6 +12.6 +9.0 -0.7 228, 750 75 244, 000 80 186, 050 179,950 59 61 210, 450 2 192, 150 69 63 207, 400 68 247, 050 81 173, 850 57 176, 900 58 176,900 58 186, 050 61 210, 450 69 222, 650 73 +11.5 +11.5 +28.6 +28.6 -1.4 -1.4 +11.0 +11.0 561, 200 573, 400 +2.2 585, 600 649, 650 +10.9 31, 585 7,714 2 225, 077 8, 165 2 30, 809 2 9, 630 29, 004 5,773 27, 064 4,314 20,805 3,321 22, 502 2,908 -5.9 -40.1 +28.9 +98.5 70, 371 10, 543 2,419 2,454 1,532 2,434 2,652 1,761 2,184 2,273 1,834 2,388 2,287 1,718 1,972 2,207 1,456 1,939 1,986 1,501 2,028 2,012 1,483 +9.3 +0.7 -6.3 +17.8 +13.8 +15.8 5, 939 6,205 7,006 7,214 +18.0 +16.3 788 621 571 2 578 2 2604 656 2634 726 584 605 517 522 361 444 539 453 540 607 515 +20.2 -11.0 -4.6 +34.4 -3.8 +17.5 1,501 1,668 1.908 1,822 +27.1 +9.2 197, 764 160, 353 238, 749 190, 925 +20.7 +19.1 1 i 1,000 1, 040 1 106, 524 1 119,845 1 1 4, 752 5 776 -38 -11.1 582 2585 84, 890 +20.6 23, 568 +123. 5 Machinery Machine tools, orders index number.. Washing-machine sales: Total number Electric . numberAgricultural pump shipments: Total ...thous. of dolls... Pitcher, hand, etc. .. number. . Power pumps number. . Patents issued: Total, all classes number Agricultural impl ements number. . Internal-combusti on engines number. . Stokers: Sales number Sales horsepower 162 145 146 183 104 114 134 +25.3 +36.6 70, 683 59, 894 68, 753 54, 557 77, 164 61, 509 92, 832 74, 859 57, 305 46, 207 66, 720 53, 038 73, 739 61, 108 +20.3 +21.7 +25. 9 +22.5 513 53, 068 3,033 507 50, 269 3,167 493 56, 255 2,609 523 53,815 2,213 517 60, 030 2, 539 546 58, 327 2,964 4,726 48 43 3,138 63 34 3,564 55 54 3,506 72 69 3,057 54 50 3,320 45 60 4,146 77 83 -1.6 +30.9 +27.8 -15.4 -6.5 -16.9 10, 523 176 193 10,208 190 157 -3.0 +8.0 -18.7 108 47, 104 72 36, 913 83 33, 141 132 52, 312 57 27, 871 135 46, 298 131 71, 099 +59.0 +57.8 +0.8 -26. 4 323 145, 268 287 122, 366 -11.1 -15.8 69, 566 79, 285 71, 026 78, 576 2 68, 131 75, 630 75, 450 80, 704 74, 789 82, 676 68, 967 78, 237 74, 901 87, 109 +10.7 +6.7 +0.7 -7.4 218, 657 248, 022 214, 607 234, 910 -1.9 -5.3 119, 535 131,809 71, 358 113, 974 129, 518 67, 829 110, 538 2 126, 185 70,406 121, 798 135, 095 88, 573 109, 241 130, 310 63, 924 109, 240 122, 975 63, 924 109, 241 135, 359 63, 923 +10.2 +7.1 +25.8 +11.5 -0.2 +38.6 327, 722 388, 644 191, 771 346, 310 390, 798 226, 808 +5.7 +0.6 +18.3 73, 082 248, 875 36, 069 .1387 81, 686 251, 096 33, 648 .1382 86, 354 253, 102 30, 506 .1400 75, 206 259, 068 39, 244 .1386 49, 612 . 1471 32, 101 .1446 122, 348 260, 466 62, 728 .1400 12 9 +2.4 +28.6 -1.0 1 Revised. -38.5 -0.5 -37.4 -1.0 144, 441 103, 398 NONFEEROTJS METALS Copper and Brass Copper: ProductionMines short tons * Smelter.. short tons Refined (North and South America) . _ short tons World production, blister .short tons.. Domestic shipments, refined.. .short tons.. Stocks (North and South America)— Refined short tons.. Blister short tons.. Exports.. ...short tons.. Wholesale price, electrolytic.. dolls, per lb._ 1 2 Cumulative through Feb. 28. ,i -28.4 33 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December January February PER CENT INCREASE (+) OR DECREASE ( — ) 1925 1926 1925 March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 NONFEBBOUS METALS— Continued Copper and Brass— Continued Plumbing fixtures: Sales, tubularQuantity pieces.. Value dollars.. Wholesale price, 6 pieces. dollars Brass faucets: Orders received number of pieces Orders shipped number of pieces Fire extinguishers, shipments: Motor vehicles . number Hand types number.. Tin Stocks, end of month: United States World visible supply Deliveries (consumption) Imports Wholesale price, pig tin 379, 462 383, 828 110. 13 376,875 310, 120 109. 79 239, 507 234, 164 108. 89 230, 262 217, 435 109. 03 304, 015 251, 290 115. 28 260, 893 216,019 116. 14 146, 494 145, 024 114. 54 -3.9 -7.1 +0.1 +57.2 +49.9 -4.8 711, 402 612, 333 846, 644 761, 719 +19.0 +24.4 317, 210 280, 398 551, 408 455, 876 344, 264 351, 174 257, 336 298, 742 657,^16 676, 537 394, 882 550, 333 313, 267 554, 565 -25.3 -14.9 -17.9 -46.1 1, 365, 765 1, 781, 435 1, 153, 008 1, 105, 792 -15.6 -37.9 134 44, 386 82 38, 598 291 48, 400 102 53, 839 114 50, 528 101 42, 146 110 47, 679 +12.1 +11.2 -7.3 +12.9 325 140, 353 275 140, 837 -15.4 +0.3 2,654 18, 024 6,160 7,449 .6195 2,104 16, 787 7,340 7,031 .6142 3,399 16, 239 6,250 6,501 .6265 2,494 14, 280 6,835 6,699 .6347 4,394 22, 949 7,155 8,714 .5769 3,949 23, 591 7,205 6,117 .5652 5,184 19, 623 7,100 8,037 .5304 -26.6 -51.9 -12.1 -27.2 +9.4 37 +3.0 -16.6 +1.3 +19.7 21, 460 22, 868 20, 425 20, 231 -4.8 -11.5 95, 029 63, 794 9,295 96, 229 56, 389 14, 300 87, 651 53, 237 20, 341 89, 497 54, 411 20, 561 86, 081 50, 386 18, 996 87, 377 46, 811 16, 703 86, 529 51, 485 17, 196 +2.1 +2.2 +1.1 +3.4 +5.7 +19.6 148, 682 164, 037 +10.3 66, 479 19,200 .0857 76, 579 19, 800 .0830 77, 093 18, 960 .0776 71, 911 21, 320 .0733 67, 824 33, 120 . .0774 67, 482 33, 920 .0748 62, 808 32, 200 .0732 -6.7 +12.4 -5.5 +14.5 -33.8 +0.1 198, 114 225, 583 +13.9 51, 816 13, 182 50, 682 105, 629 .0931 50, 796 11, 976 46, 307 104, 663 .0926 2 47, 604 12, 304 43, 752 105, 417 .0915 52, 873 10, 050 42, 237 10, 695 45, 224 105, 812 .0943 49, 635 9,734 46, 081 104, 784 .0891 +1J.1 -18. 3 +6.5 +3.2 138,963 33, 858 92, 478 151, 273 34, 330 * 90, 059 +8.9 +1.4 -2.6 .0839 47, 091 13,429 47, 254 100, 925 .1017 -8.3 -5.8 4,879 969 3,910 5,153 1,444 3,708 5,140 1,272 3,868 5,861 1,008 4,853 5,683 1,062 4,621 5, 165 1, 061 4,103 5,644 1,248 4,396 +14.0 -20.8 +25.5 +3.8 -19.2 +10.4 16, 492 3,371 13, 120 16, 154 3,724 12, 429 -2.0 +10.5 -5.3 short tons short tons 563 3, 305 386 3,433 357 3,540 978 4,276 1,224 4,651 946 4,394 * 2, 202 '743 -66.3 short tons short tons_. 646 6,469 258 5,950 536 5,675 1,269 6,997 1,218 7,204 1,310 7,055 1 2, 487 1794 -68.1 464, 916 157, 097 289, 254 18, 565 528, 335 182, 183 326, 791 19, 361 622, 248 214, 590 385, 119 22, 539 488, 428 166, 243 308, 931 13, 254 539, 866 177, 758 345, 443 16, 665 563, 436 187, 722 380, 118 15, 595 +17.8 +17.8 +17.8 +16.4 +10.4 +14.3 +1.3 +44. 5 1, 591, 730 531, 723 1, 034, 492 45,. 514 1, 615, 499 553, 870 1,001,164 60, 465 +1.5 +4.2 -3.2 +32.8 53, 662 993 46, 577 1,013 46, 137 1,143 51, 930 980 38, 987 820 37, 626 919 -0.9 +12.8 +22.6 +24.4 128, 543 2,719 146, 376 3,149 +13. 9 +15. 8 423 +38.7 +34. 3 934 1,058 +13. 3 19, 452 22, 137 +13. 8 21, 635 786 11, 046 340 -48. P -56. 7 3,231 9,992 190 3,941 11, 081 237 +22. 0 +10. 9 +24. 7 ...long tons.. long tons long tons long tons dolls, per lb_. Zinc Retorts in operation, end of month.. . number. _ Production short tons Stocks, end of month short tons Ore, Joplin district: Shipments . .. .short tons f Stocks, mines, end of month... short tons.. Price, slab, prime western . dolls, per Ib Lead Production . short tons Ore shipments, Joplin district .short tons.. Receipts of lead in U. S. ore . short tons Stocks, U. S. and Mexico, end of mo. short tons_. Price,pigdesilverized (New York) dolls, perlb 2 1 Babbitt Metal Consumption: Total apparent Direct by producers Sale to consumers thous. of lbs_. thous. of Ibs ...thous. of lbs_- Arsenic Crude: Production Stocks, producers', end mo Refined: Production Stocks, producers', end mo Band Instruments Sales: & Total dollars 6 879, 698 341, 499 Cup mouthpiece .. dollars Saxophones _. . dollars 510, 988 Wood wind dollars. . 27, 211 FUELS Coal and Coke Bituminous: Production thous of short tons 52, 816 Exports thous. of long tons 1,395 Consumption— By vessels thous. of long tons. 340 By electric power plants thous of short tons 3,804 By railroads. thous. of short tons.. 9,103 In production of coke .thous. of short tons c _ 7,465 Prices— Mine average, spot .dolls. per short ton.. 2.19 Wholesale, Kanawha, f. o. b. Cincinnati dolls, per short ton.. 3.39 Retail, Chicago dolls, per short ton. 9.49 Anthracite: Production thous. of short tons 250 Exports . ..thous. of long tons.. 7 PricesWholesale, chestnut, New York dolls, per long ton (3) Retail, chestnut, New York dolls, per short ton.. (3) Coke: ProductionBeehive thous. of short tons.. 1,307 3,760 By-product .thous. of short tons.. Exports... _ thous, of long tons.. 131 Price, furnace, 4.45 Connellsville dolls, per short ton.. 1 Cumulative through Feb. 28. 2 Revised. 3 No quotation available. 325 294 2315 3,714 9,209 3,127 3,174 7,252 6,747 6,152 6, 553 +0.2 +10.7 2.01 2.09 2.04 1.98 -3.8 +1.5 3.39 9.34 3.39 8.99 3.39 8.51 3.39 8.50 3.39 8.48 0.0 -3.7 0.0 +6.0 2,083 37 8,790 297 7,419 296 7,176 289 7, 040 +322. 0 201 +702. 7 +24.9 +47.8 330 305 3,730 9,155 3,358 7,644 7,241 2.18 2.09 3.49 9.48 173 6 (3) 3 11.49 3 11.48 11.75 11.75 10. 95 14.33 14.42 14.42 1,171 3,411 63 1,054 3,125 61 1,006 3,456 66 () () 15.29 1,381 3,804 82 1,402 3,500 68 1,158 3,777 87 7.31 7.84 6 c -0.1 +4.8 +6.0 -17.4 +7.9 +27.9 +15.1 +9.3 +31.8 3.52 -58.2 -6.8 4.64 4.08 3.28 See table on p. 13 of the March, 1926, issue for earlier data. See table on p. 25 of the March, 1926, issue for earlier data. 34 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December 1926 PER CENT INCREASE (+) OR DECREASE (— ) 1925 January February ! March January February March i March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 > Per ct. increase or decrease 1926 1925 cumulative 1926 from 1925 FUELS— Continued Petroleum | Crude petroleum: Production . . thous. of bbls . 60, 943 54, 045 59, 519 59, 670 54, 564 60, 433 60, 492 Stocks, end of monthTotal (comparable) thous. of 'bbls. _ 292, 288 291, 400 287, 975 287, 710 309, 462 310, 199 308, 548 Tank farms and pipe lines thous. of bbls. _ 265, 131 260, 619 257, 541 256, 060 276, 516 275, 935 277, 833 Refineries .thous. of bbls.. 27, 157 32, 946 32, 613 32, 366 30, 434 30, 781 31, 650 Imports ..thous. of bbls.. 7,025 4,688 4,360 5,580 3,689 6,375 7,216 ConsumptionRun to stills thous. of bbls 57, 334 52, 992 61, 257 62, 347 56, 291 59, 407 62,493 883 1,164 Oil wells completed number 990 1,147 1,130 1,089 1,304 Mexican field — 11, 014 Shipments thous. of bbls 5,522 10,234 ' 11, 704 6,808 6,900 1.293 1.550 Price, Kansas-Oklahoma dolls, per bbl.. 1.738 1.550 1.800 1.800 1.800 Gasoline: 800, 442 862, 574 838, 652 Production -thous. of gals. . 934, 549 948, 904 863, 525 969, 543 137, 674 132, 803 Exports thous. of gals.. 130, 476 99, 813 118, 854 131, 282 95, 518 Consumption thous. of gals.. 759, 699 720, 358 650, 718 779, 571 599, 653 543, 640 625, 053 Stocks end of month thous. of gals 1, 648, 328 1, 749, 023 1, 858, 659 1, 936, 336 1, 453, 197 1, 618, 891 1, 747, 199 .170 .170 Price, motor, New York dolls, per gal.170 .175 .210 .205 .180 Kerosene oil: 214, 421 247, 727 Production thous . of gals .. 223, 780 214, 761 197, 992 230, 378 219, 908 140, 200 Consumption thous. of gals.. 162, 223 147, 555 131, 397 118,413 117, 395 149, 565 394, 638 Stocks at refineries, end mo.thous. of gals.. 299, 190 287, 618 287, 994 293, 907 435, 376 456, 064 .083 .090 Price, 150° water white .dolls, per gal.. .094 .084 .082 .088 .099 Gas and fuel oil: Production thous. of gals.. 1, 298, 045 1, 231, 400 1, 136, 823 1, 244, 967 1, 171, 402 1, 058, 725 1, 203, 906 Consumption— By vessels thous. of gals.. 149, 587 157, 343 135, 728 142, 897 2 147, 332 2 136, 424 2 141, 562 By electric power plants. thous. of gals.. 34, 061 42, 598 41, 766 57, 782 35, 008 29, 566 158, 451 185, 217 By railroads _ thous. of gals. _ 184, 977 180, 622 156, 595 169, 224 773, 853 Stocks at refineries, end mo.thous. of gals.. 1, 036, 619 977, 178 900, 670 851, 234 795,872 801, 757 Price, Okla.,24-26 at refineries-dolls, per bbl_1.331 1.250 1.325 1.114 1.250 1.181 1.210 Lubri eating oil: 100, 503 103, 164 Production thous, of gals.. 113, 857 111,255 101, 893 118, 494 110, 182 52, 710 69, 168 Consumption thous. of gals.. 62, 832 67, 543 53, 484 67, 652 90, 565 Stocks at refineries, end mo.thous. of gals.. 305, 203 316, 839 332, 176 320,883 286, 431 280, 389 299, 689 Price, Pa., 600° fil., "D" .184 at refineries dolls, per gal.. .174 .230 .162 .224 .180 .215 +10.9 +0.1 -0.1 -6.8 -0.6 +4.0 +95.6 -7.2 -3.0 +13.2 +11.0 +15.4 +5.2 +19.7 0.0 0.0 173, 997 174, 726 +0.4 18, 980 15, 593 -17.8 169, 733 180, 041 3,598 +6.1 +21. 5 i 21, 248 1 2,962 13, 708 -35.5 +12.3 +12.4 — 1.1 +10.5 +19.8 +24.7 +4.2 +10.8 +2.9 -12.2 2, 501, 668 314, 185 1, 768, 346 2, 781, 972 401, 759 2, 150, 647 +11.2 +27.9 +21.6 +16.4 +4.8 +13.8 +27.4 +2.1 -35.6 +5.3 +20.7 682, 056 376, 008 643, 131 428, 517 -5.7 +14.0 +9.5 +3.4 3, 434, 033 3,613,190 +5.2 +5.3 +0.9 425, 318 1 99. 548 -5.5 +2.5 +6.2 +8.6 1343,668 435, 968 » 72, 164 * 337, 217 +2.5 -27.5 -1.9 +8.1 +69.3 -3.4 -7.0 +33.9 +7.1 322, 161 187, 905 323, 330 213,217 +0.4 +13.5 -10.0 -24.7 332, 154 319, 140 13, 014 +19.0 +19.2 +15.0 +19. 8 +19.0 +40.4 797, 878 765, 784 32, 094 1, 015, 834 970,414 45, 420 +27.3 +26.7 +41.5 45, 098 43, 009 +26.5 +27.3 +17.2 +14.5 +11.1 +84.2 107, 649 102, 302 125, 088 114, 980 10, 108 +16.2 +12.4 +89.0 52,496 9,862 62, 358 82, 496 65,804 16, 692 +32.3 +25.4 +69.3 17, 883 14, 235 AUTOMOBILES Production: Passenger carsTotal - number of cars 285, 199 United States number of cars. _ 277, 701 C anada number of cars. . 7,498 TrucksTotal numb er of cars 34, 373 United States number of cars. . 32, 642 Canada number of cars 1,731 Exports: Assembled— Total number of cars. . 33, 520 Passenger cars . number of cars 24, 619 Trucks number of cars. . 8,901 From Canada— T otal number of cars 7,015 Passenger cars number of cars.. 5,642 Trucks number of cars. . 1,373 Foreign assemblies - .number of cars 16, 651 Internal-revenue taxes collected on: Passenger automobiles and motorcycles -thous. of dolls 9,385 Automobile trucks and wagons. _ ..--thous. of dolls. . 1,186 New passenger-car registrations: Total - number of cars. . 155, 014 Highest price group. _ number of cars.. 5,496 Second highest group number of cars.. 30, 003 Third highest group number of cars.. 23, 860 Lowest price group ..number of cars. _ 94, 935 Miscellaneous number of cars. . 720 Accessories and parts: Shipments141 Original equipment index nos._ Replacement parts _ index nos_. 145 Accessories . index nos. _ 146 110 Service parts . . index nos. Sales — thous. of dolls. _ 76, 791 Exports thous. of dolls 7,887 Electric industrial trucks and tractors: Shipments, domestic— 12 Tractors number of vehicles. . 85 4.11 other types number of vehicles 10 Exports number of vehicles. _ i Cumulative throughFeb. 28. 252,803 398, 042 379, 769 18, 273 212, 921 204, 620 8,301 22 40, 816 37, 533 51, 635 47, 788 34,410 3,283 3,847 28, 141 26, 576 1,565 26, 312 21, 171 5,141 28, 232 22, 355 27, 952 22, 278 5,674 17,474 14,492 2,982 16, 891 14, 739 2,152 27, 993 23, 265 -1.0 -1.0 -0.3 -4.2 -3.5 +20.0 5,159 8,408 5,936 2,472 10, 888 5,174 5,136 7,573 6,495 20, 287 11,874 1,078 15, 433 +29.5 +43.8 +35.3 +23.7 +15.5 +164. 8 +15.6 +31.5 6,648 17, 547 1,442 13, 075 40, 382 24,455 17, 729 6,726 55,068 +36.7 +24.5 +84.4 +36.4 9,403 7,135 10, 147 6,599 5,563 5,749 +42, 2 +76.5 26, 685 17, 911 -32.9 543 486 378 592 277 461 -22.2 -18.0 1,407 1,330 -5.5 197, 136 164, 876 164, 769 158, 817 i 362, 012 1323,586 -10.6 31, 193 30, 205 22, 143 98, 761 249, 971 6,931 50, 176 36, 594 149, 839 6,431 101 86 121 122 57, 572 138 95 159 162 172, 405 18, 577 189, 804 26, 158 +10.1 +40.8 44 303 16 +4.8 +20.7 -61.0 283, 263 2 334, 529 272, Oil 2 318, 634 11, 252 15, 895 2 2 32, 637 29, 659 2,978 5,877 3,760 2 1,399 17, 234 6,530 2 8,033 2,855 3,732 4,024 37, 734 33, 159 118, 352 1,361 21,426 104, 512 3,614 137 103 127 115 61, 023 7,161 160 114 139 138 55, 329 18 86 3 15 93 5 8,380 182 146 167 205 56, 053 10, 617 11 124 ! 2 Revise d. 100 100 100 100 66, 279 4,764 242, 024 10,779 32, 717 1,693 4,008 1,128 4,053 3,655 5,363 2,089 4,728 65,953 8,450 +13.8 +28.1 +20.1 +48.6 +1.3 +26.7 +31. 9 +53.7 +5.0 +26.5 -15.0 +25.6 5,347 -26.7 +33.3 ] +60.0 < Q iiarter en ding Ma r.31. M2 42 251 41 35 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 1925 December January February March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 101, 164 7,577 48, 153 22, 900 15,966 96,854 8,660 42,995 23, 102 14, 151 Per ct. increase (+ } or ,decrease (-) cumulative 1926 from 1925 HIDES AND LEATHER Hides Imports: Total hides and skins_._ thous. of lbs__ Calfskins thous. of lbs_. Cattle hides. _ .thous. of lbs_. Goatskins. ..thous. of lbs._ Sheepskins _thous. oflbs.. Stocks, end of month: Total hides and skins thous. of lbs__ Cattle hides thous. of lbs__ Calf and kip skins. _ thous. of lbs__ Sheep and lamb skins thous. of lbs__ Prices: Green salted, packers' heavy native steers _ dolls, per lb._ Calfskins, country No. 1 dolls, per lb._ 24,899 1,433 11, 023 7,104 3,260 30, 937 2,544 12, 969 7,465 5,839 31, 747 2,823 16, 125 6,493 3,758 282, 653 231, 656 35, 816 15, 181 296,046 245, 820 34, 046 16, 181 297, 193 248, 673 32,547 15, 973 .156 .192 .150 .193 .130 .183 34, 170 3,293 13, 901 9,144 4,554 34, 302 2,216 18, 636 7,411 4,524 30, 727 2,409 15, 301 7,154 3,439 36, 135 2,952 14, 216 8,335 8,003 292, 311 251, 758 27, 531 13, 022 292, 364 254, 751 25, 690 11, 923 282, 733 242,820 25, 893 14, 020 .169 .215 .163 .215 .148 .204 .122 .170 Leather Production: Sole leather.-thous. of backs, bends, sides.. 1, 066, 006 1, 057, 351 2 998, 305 1, 118, 008 1, 288, 203 1, 202, 896 1, 312, 677 Finished sole and belting thous. oflbs. 20, 155 20, 096 19, 568 22, 160 23,459 20, 006 Finished upper ...thous. of sq. it69, 955 65, 309 67, 425 70, 249 67, 728 68, 871 Oak and union harness stuffed sides. 120, 863 112, 352 105,814 114, 588 102, 459 108, Oil 97, 767 Skivers doz_. 23, 207 24, 268 2 21, 750 25, 414 43, 977 41, 244 38, 933 Unfilled orders: Oak and union harness sides. 137, 400 77, 192 114, 530 96, 569 121, 342 111, 073 80, 406 Stocks in process of tanning: Sole and belting _thous. of Ibs.. 77, 184 75, 779 78, 106 87, 907 90,047 84, 898 Upper ,._.thous. of sq. ft.. 148, 687 155, 660 159,474 138, 300 139, 046 137, 378 Stocks, end of month: Sole and belting thous. of Ibs.. 117,802 115, 615 110, 829 123, 035 124, 265 123, 201 Upper .thous. of sq. ft_. 295, 173 298, 189 299, 413 309, 319 308,401 319, 634 Exports: Sole thous. of Ibs.. 2,134 1,131 1,075 1,368 2,052 1,870 1,752 Upper thous. of sq. ft.. 10, 966 8,422 8,205 9,761 8,669 8,392 6,763 Prices: Sole, oak, scoured backs, heavy, Boston dolls, per lb_, .46 .46 .46 .46 .50 .52 -.52 Chrome calf, "B" grades.dolls. per sq. ft.. .46 .46 .46 .50 .50 .46 .50 Leather Products Belting sales: Quantity thous. of Ibs. 343 397 371 376 409 361 429 Value thous. of dolls. 599 679 639 640 686 729 610 Boots and shoes: Production thous. of pairs. 24,404 25, 514 23, 874 26, 077 26, 455 29, 998 Exports thous. of pairs. 557 400 470 416 512 703 462 Wholesale prices— Men's black calf, blucher, Mass dolls, per pair. 6.40 6.40 6.40 6.35 6.40 6.35 6.40 Men's dress welt, tan calf, St. Louis dolls, per pair. 5.13 5.00 5.00 5.00 5.00 5.15 5.07 Women's black kid, dress welt, lace, oxford °..-dolls, per pair. 4.15 4.15 4.15 4.15 4.15 4.00 4.00 Gloves: Glove leatherProduction number of skins. 583, 426 663, 089 610, 014 650, 640 551, 681 578, 710 563, 845 Stocks (tanned)— In process number of skins- 1, 335, 608 1, 476, 157 1,453,338 1,470,313 1, 401, 895 1, 392, 075 1, 319, 780 Finished number of skins. 395, 767 448, 748 500, 161 537,404 257, 567 311, 005 362, 162 RUBBER Crude: World shipments, plantation long tons. Imports (including latex) long tons. Stocks in United Kingdom, end of month long tons. Stocks, end of month— Plantation, afloat long tons. Consumption by tire mfrs thous. of Ibs. Wholesale price, Para, N. Y. .dolls, per lb_. 51, 169 40, 329 49,895 42, 404 6,328 11,111 69, 990 39, 771 .764 68, 500 44, 528 .605 32, 865 41, 152 33, 021 32, 898 35, 539 24, 700 43, 977 33, 072 29,982 25, 729 19,977 +7.6 +16.6 -13.8 +40.8 +21.2 -5.4 +11.6 -2.2 +9.7 -43,1 -6.2 -7.1 -17.6 -16.7 +12.0 -14.8 +8.3 +16.8 +6.1 -34.7 -20.1 -4.0 +23.6 +19.0 -25.2 +16.3 0.0 0.0 -11.5 -8.0 +5.6 +6.1 -3.8 0.0 0.0 -4.3 +14.3 -10.7 +0.9 -11.4 . 3, 803, 776 3, 173, 664 i 42, 166 i 39, 664 1 137, 977 1 132, 734 308, 237 332, 754 124, 154 71, 432 -16.6 -5.9 -3.8 +8.0 -42.5 5,674 23,824 3,604 26, 388 -36.5 +10.8 —7.5 -6.9 1,199 2,025 1,144 1,958 -4.6 -3.3 -43.1 1,677 1,286 -23.3 1, 694, 236 1, 923, 743 90, 670 116, 421 +28. 4 +2.2 0.0 -2.9 0.0 0.0 +6.7 +15.4 +1.2 +7.4 +11.4 +48.4 +25.2 +24.4 + 13. 5 43, 161 .526 45,497 .448 54, 030 42, 171 .318 48, 300 41, 721 .307 49, 590 46, 366 .346 15.4 -14.8 -1.9 +29.5 130, 258 133, 186 3,649 8,373 2,500 5 3, 998 s 9, 115 « 3, 279 3,555 5,962 2,994 3,681 6,696 2,835 3,957 7,132 3,392 +9.6 +8.9 +31.2 +1.0 +27.8 -3.3 11, 193 11, 188 0.0 9,221 7,921 -14.1 5,119 12, 818 2,750 8 5, 200 5 14, 551 5 3, 611 4,757 8,677 4,107 4,755 9,767 3,625 5,250 10, 677 4,176 +1.6 +13.5 +31.3 -1.0 +36.3 -13.5 14, 762 15, 426 +4.5 11,908 9,089 -23.7 132 163 +26.1 +53.8 127 85 -30.8 March issue for earlier data. +23.5 Tires and Tubes Pneumatic tires: Production .thousands.. Stocks, end of month thousands.. Shipments, domestic thousands.. Inner tubes: Production .thousands.. Stocks, end of month ___thousands.. Shipments, domestic thousands_. Solid tires: Production thousands.. Stocks, end of month ...thousands.. Shipments, domestic thousands.. 1 Cumulative through Feb. 28. 3,570 6, 106 2, 597 5,249 8,485 3,665 2 3,541 7,460 2, 142 . 5,107 10, 770 2,728 51 52 114 135 55 26* Revised. 53 558 163 5220 23 536 6 Subject to revision. 43 160 32 a +9.4 43 46 153 143 +35.0 43 52 +56.5 See table on p. 24 of the -33. 1 36 TREND OF BUSINESS MOVEMENTS—Continued The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PAPER AND PRINTING Wood Pulp Mechanical; Production short tons . Consumption and. shipments __. short tons_. Stocks end of month short tons Imports. _. short tons.. Chemical: Production . short tons _ Consumption and shipments ... short tons.. Stocks, end of month short tons.. Imports. _ __ short tons.. Price • dolls per 100 Ibs Newsprint Paper Production. ... short tons. _ Consumption short tons Shipments 1 ... short tons__ Imports short tons Exports short tons.Stocks, end of month: \t mills short tons At publishers short tons In transit to publishers short tons Price roll f o b mill dolls per 100 Ibs Printing January February March 152, 066 149, 631 194, 062 32, 480 152, 957 2 133, 389 150, 115 2 141, 695 196,894 2 188, 603 22, 894 25, 388 152, 454 153, 329 177, 152 24, 416 126, 308 149, 678 159,435 22,463 124, 909 126, 537 177, 175 27, 560 177,137 j 147,026 207, 934 18, 896 Per ct. increase 208, 510 217, 246 2 209, 258 2 209, 102 2 215, 490 2 208, 948 41, 872 2 40, 542 2 40, 518 99, 943 116, 358 125, 796 2.95 2.95 2.90 227, 732 227, 832 38, 982 99,011 2.95 221,756 224, 836 47, 850 142, 119 2.63 191, 142 198, 720 40, 198 104, 262 2.63 220, 184 217, 300 37, 964 120, 194 2.60 129, 005 139, 039 126,860 112, 568 1,573 113, 831 131, 242 114, 048 110, 942 1,875 127, 511 153, 322 126, 269 127, 918 1,007 26, 268 164, 845 31, 726 3.70 25, 888 164, 399 33, 667 3.70 26, 414 156, 946 33, 898 3.70 644 131 11, 186 101 543 152 11,375 97 756 108 12, 874 111 March January February or tdecrease (-) cumulative 1926 from 1925 1925 1926 -13.9 +4.3 -14.8 +29.2 +3.4 +4.8 +2.7 -17.6 +13.5 428, 354 423, 241 438, 800 445, 139 +2.4 +5.2 i 136, 681 160, 799 137, 718 122, 085 1,943 140, 026 158, 419 139, 012 126, 428 2,489 129, 622 147, 477 128, 635 133, 219 1,416 145, 910 16, 238 132, 156 31,458 3.70 16,338 125, 872 34, 398 3.50 14, 791 127, 661 37, 771 3.50 18, 352 628 113 11, 108 96 559 131 11, 502 94 705 144 13, 072 73 73 71 142, 666 158, 400 1,475 3.50 7,808,482 7, 664, 277 8, 826, 757 8, 388, 897 7, 550, 968 7, 569, 995 99.3 105.4 100.9 90.5 100.8 102.7 177, 292 179, 067 199, 633 220,515 191, 804 192, 413 162, 724 169, 924 199, 649 214, 733 178,076 207, 657 90, 062 112,911 100, 403 102, 362 104, 578 118, 531 170, 023 170, 363 193, 285 182, 278 182, 702 208, 197 180, 418 176, 101 190, 878 195, 501 192, 989 216, 859 53, 960 52,049 51, 835 52, 466 48, 472 47, 714 +14.3 +8.3 -6.1 +6.6 +8.8 +9.0 -3.8 -0.9 0.0 68,919 72, 698 633, 082 640,856 654, 236 652, 270 366, 575 324, 750 +5.5 +3.3 +1.8 -11.4 +12. 6 +14.4 370, 347 415, 558 +12.2 +10.9 +18.9 +4.2 +24.1 +13.0 +23.8 +46.5 -30.5 367, 177 351,446 4,455 410, 313 418, 047 5, 380 +11.7 +19.0 +20.8 0.0 -5.4 1,943 391 35, 435 1,892 388 35, 682 -2.6 -0.8 +0.7 +15.2 +0.1 +15.0 +20.6 —2.1 +14.2 +13.6 +7.4 -6.9 -20.4 +16.6 23, 509, 860 24, 299, 516 +11.5 +23.1 555, 992 604, 732 +26.4 532, 297 606, 466 +13.7 532, 672 +22.2 573, 177 +20.2 +0.4 -14.1 +18.9 +3.4 +7.8 +10.8 0.0 -4.0 -10.8 -23.1 -9.3 -2.9 0.0 6.7 -2.8 -37.2 +7.5 -5.4 +2.7 +25.4 +11.0 -8.8 +26.1 -6.7 +9.9 +33.3 +13.6 +1.5 168, 459 44, 477 162, 382 53, 985 151, 253 42, 971 172, 382 53, 820 172,456 43, 745 176, 035 36, 147 110, 822 66, 607 108, 606 2 59, 088 122, 725 56, 724 108, 945 56, 166 103, 498 52, 234 113, 848 51, 189 87 87 88 9 92 92 102 10 100 97 91 10 95 94 91 10 101 96 100 11 100 101 102 13 100 104 98 13 101 101 102 14 97 100 98 14 102 98 108 15 106 106 108 15 107 103 98 15 91, 811 73, 751 83, 019 68, 819 92, 360 67, 860 91, 511 108, 374 87, 863 106, 525 94, 430 108, 086 +13.0 -4.0 +8.7 +5.4 -10.8 0.0 -4.0 -1.0 -3.9 0.0 +11.3 -1.4 39, 435 48, 663 39, 115 49, 389 42, 408 50, 038 37, 636 52, 258 35, 986 51, 448 39*440 52, 869 +8.4 +1.3 106, 334 69, 080 98,642 70, 917 106, 380 72, 840 106, 822 57, 489 97, 478 55, 760 103, 537 58, 102 680, 841 316, 461 650, 813 311, 476 730, 298 317, 863 673, 552 353, 021 615, 948 345, 815 657, 835 348, 495 +7.8 +2.7 +12.2 -2.1 +8.8 +12.8 +7.6 326, 291 342, 153 +4.9 273, 804 267, 190 -2.4 113, 062 120, 958 +7.0 304, 837 311,356 +2.1 1, 947, 335 2, 061, 952 +5.9 i 635, 722 i 745, 102 i 491, 946 J 1585,868 i 143, 776 1 * 159, 235 +17.2 +19.1 +J0.8 i 1195, 500 20, 346 -13.7 +10.2 i 359, 052 281, 753 77, 299 386, 050 304, 115 81, 936 302, 291 228, 084 74, 207 333, 431 263, 862 69, 569 341, 769 268, 335 73, 434 76 75 78 81 81 81 71 70 73 76 76 76 78 79 75 89 101 92 Rope paper sacks, shipments... index number.. Abrasive paper and cloth: 84,825 83, 795 Domestic sales . .. _ _ reams . 71, 623 10, 956 17, 037 11,461 Foreign sales reams 83.8 99.8 Labels, orders per ct. of capacity 78.6 1 Gunlulative th rough Feb .28. March March, 1926, from from Febru- March, ary 1925 December thous. of sq. ft_. 345, 341 thous. of sq. ft_. 275, 772 69, 569 thous of sq ft per cent of normal . per cent of normal _. per cent of normal _ Products CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 ( } Book publication: 489 American manufacture . no. of titles. . 95 Imported no. of titles . Sales books, shipments .. thous. of books. . 12, 275 106 Printing activity weighted index number. . Boxboard Operation inch hours. _ 7, 936, 324 94.9 Operation per ct. of capacity . Production .tons.. 190, 426 191, 895 Orders received tons 105, 993 Unfilled orders end of month tons Consumption of waste paper tons. . 178, 729 Shipments _ tons. _ 189, 206 48, 468 Stocks end of month tons Stocks of waste paper, end of month: 374, 3 55 On hand tons 37, 496 In transit and unshipped purchases tons Other Paper Book paper, total: Production _ short tons. . 107, 594 60, 915 Stocks end of month short tons Coated book paper: 78 Production per ct. of normal 78 Shipments per ct of normal production 79 Orders per ct of normal production. . 8 Unfilled orders, end of month ___days_. Uncoated book paper: 91 Production per ct of normal 90 Shipments. ..per ct. of normal production. . 95 Orders per ct of normal production 12 Unfilled orders end of month days_. Wrapping paper: Production short tons. . 90,247 77, 540 Stocks end of month short tons Fine paper: Production short tons.. 38, 256 Stocks, end of month short tons . 50, 113 All other grades: Production • short tons _ 90, 846 Stocks, end of month short tons.. 65, 725 Total paper (inc. newsprint and boxboard) : Production short tons_. 2 654, 050 Stocks, end of month short tons 2 320, 825 Paperboard Shipping Boxes Production: Total Corrugated Solid fiber Operating activity: Total . Corrugated . Solid fiber Other Paper PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 1S25 115 101 102.8 100, 565 9,582 87.9 127 94, 935 1 10, 764 107.3 142 92, 097 12, 029 124.9 +13.9 -19.0 +3.6 -17.7 2 Re vised. i 168, 620 * 22, 417 37 TREND OF BUSINESS MOVEMENTS—Continued 1926 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December January February PEE CENT INCREASE (+) OR DECREASE ( — ) 1925 March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 BUILDING CONSTRUCTION AND HOUSING Rental advertisements: Portland, Oreg Minneapolis, Minn Real estate conveyances (41 cities) number 1,187 number.. 3,042 number.. 163, 670 1,278 2,802 147, 039 1,141 2,593 133, 724 3,856 1,025 3,106 135, 932 1,008 2,624 123, 838 1,183 3,640 157, 285 +48. 7 +5.9 193 195 194 195 195 195 196 196 195 196 197 195 196 197 197 195 197 197 198 201 197 0.0 -4-0.5 0.0 -1.0 -2.0 -1.0 206 207 207 208 210 210 210 +0.5 -1.0 204 213 199 2ftl 204 212 199 201 205 213 199 201 205 213 200 201 202 210 203 200 204 211 204 201 204 211 205 200 0.0 0.0 +0.5 0.0 +0.5 +0.9 -2.4 +0,5 11, 191 7,245 37, 694 2,170 7,907 5,256 31,853 2,928 15, 431 7,033 49, 139 3,936 10, 919 4,335 26, 791 2,371 7,467 3,308 27, 850 3,809 11, 772 4,836 45, 534 5,557 +95.2 +33.8 +54.3 +34.4 +31.1 +45.4 +7.9 -29.2 30,158 12, 479 100, 175 11, 737 34,529 19, 534 118, 686 9,034 +14.5 +56.5 +18.5 -23. 0 4,042 62, 498 3,440 51,660 5,882 81,800 3,217 48, 536 3,746 46, 861 5,571 73, 555 +71.0 +58.3 +5.6 +11.2 12, 534 168, 952 13, 364 195, 958 +6.6 +16.0 67, 514 94, 415 183, 279 12, 736 47, 319 39, 087 171,297 19, 214 104, 113 47, 776 252, 425 28, 576 67, 372 19,454 127, 232 15, 339 38, 825 20, 767 136, 023 20, 278 54,871 +120. 0 53, 133 +22.2 220, 872 +47.4 42, 193 +48.7 +89.7 -10.1 -14.3 -32.3 161, 068 93, 354 484, 127 77, 810 218, 946 181, 278 607, 001 60, 526 +35. & +94.2 +25.4 -22.2 32, 669 52, 761 443, 373 32, 078 64,728 373, 723 46, 627 97, 283 576, 800 31, 614 35, 462 296, 473 30, 501 52, 862 299, 260 41, 917 67, 931 480, 916 +45.4 +50.3 +54.3 +11.2 +43.2 +19.9 104, 032 156, 258 1, 076, 649 111,374 214, 772 1, 393, 896 +7.1 +37.4 +29.5 41, 119 30,964 42, 855 41, 210 32,472 33,347 +38.4 +28.5 107, 029 114, 938 +7.4 +10.4 +2.9 +0.4 +2.3 +14.6 -98.8 -3.8 -3.4 +0.9 +9.3 +2.4 -16.4 -99.3 +2.3 1, 441, 547 1, 345, 351 1, 332, 584 1,360,224 1, 363, 466 1, 413, 665 -5.6 +1.3 +6.1 168, 870 44, 566 140, 546 18,834 -16.8 -57.7 +1.9 +9.0 +11.7 +28.0 +16.4 +21.2 +18.1 +29.9 1, 557, 814 1, 546, 175 1, 517, 525 146, 149 i 43, 948 1, 674, 650 1, 729, 262 1, 818, 344 194, 866 * 63, 652 +7.5 +11. 8 +19.8 +33.3 +44.8 1 12,033 9,370 259, 770 1 i 2, 419 +19.0 9, 251 -1.3 280, 763 +8.1 Building Costs (Index Numbers) Building materials: Frame house, 6-room, 1st of month Brick house, 6-room, 1st of month.. Concrete factory costs (Aberthaw),lst of month. Building costs (Engineering News Record), 1st of month _ index number.. Construction costs (Amer. Appraisal Co.): Frame index number.. Brick, wood frame .. _. index number Brick, steel frame index number. _ Reinforced concrete . index number Construction and Losses Contracts awarded (36 States): Commercial buildings thous. of sq. ft._ 13, 389 Industrial buildings thous. of sq. ft.. 5, 204 Residential buildings thous. of sq. ft.. 48, 280 Educational buildings thous. of sq. ft__ 3,407 Other public and semipublic buildings . thous. of sq. ft 4,390 Grand total ...thous. of sq. ft.. 74, 852 Contracts awarded, value (36 States): Commercial buildings thous. of dolls.. 67, 770 Industrial buildings thous. of dolls. _ 29, 332 Residential buildings thous. of dolls.. 250, 044 Educational buildings thous. of dolls.. 31, 646 Other public and semipublic buildings thous. of dolls.. 40, 164 Public works and utilities. -thous. of dolls. . 91, 912 Grand total thous. of dolls 510, 868 Fire losses: United States and Canada.. thous. of dolls.. 43, 275 LUMBER PRODUCTS Softwood Lumber Southern pine: 434, 400 479, 370 453, 618 498, 442 489, 487 446, 454 Production (computed) M ft. b. m__ 448, 825 474, 239 469, 737 425, 106 456, 570 446, 066 437, 159 Shipments (computed) M ft. b. m._ 452, 165 429, 608 473, 852 435, 272 475, 836 467, 704 463, 977 Orders (computed) M ft b m 416, 635 Stocks, end of mo. (computed) _M ft. b. m__ 1, 165, 620 1, 182, 790 1, 152, 211 1, 178, 497 1,103,887 1, 123, 581 1, 150, 976 57,304 51,362 44, 825 Exports, lumber.. . . . __M ft. b. m_ 51, 627 44, 359 61, 439 50,127 126 10, 950 Exports, timber M ft. b. m_. 10,024 8,056 17, 291 7,758 19, 219 49.84 47.32 47.96 46.95 Price flooring .dolls per M ft. b. m._ 46.88 49.43 49.83 Douglas fir: 612, 382 524,643 601, 191 Production M ft b m 507, 185 461, 077 525,986 526, 434 629, 392 521, 062 505, 842 522, 405 577, 465 519, 271 Shipments (computed) M ft. b. m _ _ 568, 512 660, 280 559, 112 468, 239 490, 174 590, 895 New orders M ft. h. m._ 588, 657 567, 169 32, 850 78,509 52, 853 61, 340 Exports, lumber M ft. b. m 55, 017 77,840 60, 446 ExpQft-s, timber TVT ft. h r m 49, 523 30, 081 33, 571 16.00 16.50 15.50 Price, No. 1 common. dolls, per M ft. b. m__ 15.50 California redwood: 57,078 40,965 Production (computed) M ft. b. m.. 46, 810 41, 846 33, 709 41, 616 33, 489 Shipments (computed) M ft. b. m.. 38, 225 53, 913 39,648 44,832 Orders received (computed)... M ft. b. m_. 44, 837 California white pine: 96,129 53, 978 Production M ft. b. m 47, 839 78, 393 115, 576 91, 759 111,987 Shipments M ft b m 100, 883 485, 007 573, 264 540, 585 642, 798 Stocks end of month M ft b m Western pine: 151, 757 95, 217 82, 765 Production (computed) M ft. b. m.. 115, 165 154, 583 125, 251 120, 095 Shipments (computed) M ft. b. m_. 130, 294 Stocks, end of mo. (computed).M ft. b. m.. 1,148,436 1, 120, 036 1, 099, 644 1, 085, 061 North Carolina pine: 48, 895 38, 584 51, 639 Production (computed) M ft. b. m.. 44, 688 45, 388 49,700 Shipments (computed) M ft. b. m.. 48,076 46, 550 Northern pine: Lumber36, 742 31,546 35, 825 Production M ft. b. m__ 35, 591 39,043 43, 260 40,933 Shipments . M ft. b. m 36, 119 42,000 36, 128 41, 399 Orders received. _. M ft. b. m._ 36, 798 Lath8,282 8,791 9,254 9,246 Production .. M ft. b. m._ BhipTnents Northern hemlock: Production ShiDments i Cumulative through Feb. 28 M ft. Ji. m M ft. b. m._ M ft. b. m_. 4,884 8,690 8,148 26, 628 16. 276 16, 301 14. 152 16,633 15. 445 13, 599 22,358 19.50 21 590 18.50 40,783 18.50 +3.1 -10.8 43,385 36,246 40, 618 41,822 40, 085 35, 194 51,409 40,904 40, 990 +39.3 +23.5 +36.0 +11.0 +1.7 +31.5 136, 616 117, 235 116, 802 139, 889 108, 814 138, 388 +2.4 -7.2 +18.5 34, 979 84,316 550, 925 32, 614 76, 820 495, 533 64,884 88,417 467, 330 +78.1 +26.0 -10.3 +48.2 +30.7 +3.8 132, 477 249, 553 197, 946 319, 322 +49.4 +28.0 77, 994 133, 718 899, 658 96,184 120, 398 867, 676 145, 951 129, 019 881, 684 +59. 4 +23.4 -1.3 +4.0 +19.8 +23.1 320, 129 383, 135 329, 739 399, 929 +3.0 +4.4 41, 426 44, 639 55, 622 53, 844 56, 231 56, 217 -5.3 -8.7 -13.0 -19.3 153, 279 154,700 139, 118 141, 638 -9.2 33, 414 44, 457 40, 527 33, 905 39, 466 35,650 41, 512 37, 389 32,486 +16.5 +10.8 +16.3 -11.5 +15.7 +29.3 108,831 121, 312 108,663 104, 113 123, 236 119, 527 -4.3 +1.6 +10.0 8,943 6,566 9,301 7,333 10, 781 9,357 +6.1 +66.9 -18.5 +45.3 29,025 23,256 26, 319 30,437 -9.3 +30.9 18, 664 17.455 14,095 13, 648 16, 674 14, 049 1 32, 759 i 31, 103 1 32, 934 129,597 +0.5 -4.8 -8.4: 38 TREND OF BUSINESS MOVEMENTS—Continued 1926 1935 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December January February PER CENT INCREASE (+) OR DECREASE (— ) 1925 March January February March March March, 1326, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 Per ct. increase ( } or tdecrease (-) cumulative 1926 from 1925 LUMBER PRODUCTS— Continued Hardwood Lumber Southern cypress: Production M ft b m Shipments M ft b m New orders M ft b m Unfilled orders, end of month__M ft. b. m_. Northern hardwoods: Production M ft b m Shipments M ft. b. m._ Walnut lumber: Production M ft b m Shipments . M ft. b. m Stocks, end of month M ft b m Walnut logs: Purchased M ft. log measure Made into lumber and veneer M ft. log rneasiire Stocks, end of month. _ _ M ft. log measure. . All hardwoods: Production (computed) _._M ft. b. m.. Shipments (computed) _ _ _ M ft. b. m__ Orders (computed) M ft. b m Total stocks— Total hardwoods M ft. b. m_. Gum M ft. b. m_Oak M ft b m Unsold stocksTotal hardwoods M ft. b m Gum M ft. b. m._ Oak M ft b m Unfilled ordersTotal hardwoods-.. M ft. b. m_. Gum M ft b m Oak M ft. b m +39.3 +5.9 +25.0 -16.7 21, 669 29, 462 30, 064 41, 469 21, 903 32, 005 27, 126 32, 856 22, 083 29, 510 22, 904 28, 325 22, 098 33, 269 48, 395 33, 696 51, 856 44, 894 4,229 3,870 19, 831 3,143 3,624 19, 071 3,156 3,627 38,610 37,473 16,709 4,056 3,825 4,336 3,654 17, 085 17, 476 2,430 2,076 2,559 2,781 3,205 3,472 3,679 3,281 2,569 2,073 1,208 2,393 1, 485 2,821 1,388 3,073 3,356 3,208 4,002 3,441 4,281 68,000 92,000 90, 000 77, 000 84,000 81,000 85,000 92, 000 100,000 86,000 806, 346 224, 112 261, 070 765, 431 212, 922 244, 137 783, 215 226, 818 246, 619 769, 992 221, 397 247, 154 665, 144 214,750 225, 734 689, 384 219, 501 227, 670 635, 176 172, 966 204, 024 592, 772 166, 851 188, 963 607,117 174, 314 186, 302 593, 423 529, 515 554, 280 184, 817 180, 321 204, 077 68, 188 63, 312 204, 771 68, 190 60,433 216; 186 74, 488 66, 670 208, 965 68, 952 68, 884 359,337 26, 354 31, 241 28, 619 23, 594 47, 411 29,117 2,874 4,011 4,650 4,182 44, 894 23, 913 1 92, 305 1 53, 030 i 100, 251 i 78, 590 +8.6 +48.2 -33.7 +9.8 0.0 13, 042 31,661 9,173 10, 262 -29.7 -12.0 +8.7 -24.4 10, 356 7,436 -28.4 +17.9 -6.5 -18.0 -67.6 9,722 7,287 -25.0 47, 186 25, 483 -8.9 +10.6 -6.1 -4.5 -6.5 -10.0 82, 000 90, 000 247, 669 228,110 -1.7 -2.4 +0.2 +5.0 -2.9 -0.2 376,546 182, 678 598, 267 185, 893 200, 116 -2.3 -3.3 -0.8 -0.8 -9.4 -7.6 153, 680 49, 569 49, 851 150, 027 47, 836 51, 497 -3.3 -7.4 +3.2 +39.3 +44.1 +33.8 Production, 10 species M ft. b. m_. 2,403,748 22,254,461 22,470,311 «2,740,000 2, 462, 094 2,407,740 2, 647, 420 155,726 156, 720 188, 249 136, 124 176, 935 Exports, planks, joists, etc M ft. b. m_. 201, 369 350, 950 Retail yards, Minneapolis dist.: 8,194 211,314 8,597 7,524 7,864 10, 716 Sales _M ft. b. m__ 9,261 115,780 114, 046 111,707 116,433 116, 321 Stocks, end of month M ft. b. m._ 100, 273 110, 436 Composite lumber prices: 43.00 43.78 43.79 43.49 44.23 41.69 42.60 Hardwoods .. __ .dolls, per M ft. b. m 31.44 31.44 31.63 30.79 31.32 31.68 Softwoods dolls, per M ft. b m 30. 34 +30.9 +20.1 +3.5 +6.4 7, 517, 254 464, 009 7,464,772 500, 695 -0.7 +7.9 +42.4 +1.5 -5.3 -0.5 27, 372 26, 837 -2.0 -1.8 +0.4 -1.8 -0.6 +22.7 +41.3 +2.5 +30.2 +9.3 +13.4 +22.7 +7.2 +64.7 +4.8 27,045 22, 640 26, 391 22, 890 -2.4 +1.1 21, 610 24, 571 +33.7 +7.1 +15.5 +5.4 +26.5 -8.8 +14.6 +7.3 +8.9 +17.6 -3.6 121, 624 110, 280 137, 397 122,749 +13.0 +11.3 103, 289 130, 124 +6.6 i 70, 077 i 95, 368 +36.1 168,507 369,712 54, 927 50, 743 733, 351 Total Lumber Flooring Maple flooring: Production _ ...Mft. b. m._ Shipments. M ft. b. m._ Stocks, end of month M ft b m Orders booked M ft. b m Unfilled orders, end of month__M ft. b. m__ Oak flooring: Production M ft b m Shipments _ . M ft. b. m Stinks, end of month TVT ft T b, m Orders booked TVT f t b m Unfilled orders, end of month. _M ft b. m._ 9,624 9,967 7,523 8,438 7,604 28,481 9,984 6,855 28, 440 8,749 9,076 8,922 7,143 29, 314 8,264 10, 401 7,845 6,526 30, 447 7,083 10,762 42, 206 41, 816 44, 715 47, 300 61,103 45, 171 41, 498 48, 244 34, 446 54, 161 44,540 37,708 54, 362 33, 411 49, 599 45, 518 55,809 53, 161 79, 602 42, 207 2 74, 284 3,763 3,938 4,232 4,341 3,401 4,721 -19.6 +8.8 5,972 6,130 5,349 2Re^dsed. -12.7 5 Subject to revision. 9,221 31, 197 28, 214 11, 761 12, 755 47,686 41, 768 34, 812 50, 925 33, 794 53, 772 9,224 43, 543 57, 291 42, 267 45, 231 8,866 8,640 7,513 29, 110 5,602 7,142 12, 559 11, 225 38, 245 43,633 40,564 34,904 52,804 33, 539 52, 626 52, 623 35, 956 46, 902 35, 302 42, 907 45, 037 Wooden Furniture Household furniture and case goods: Shipments. dolls., average per firm Unfilled orders dolls., average per firm.. 34, 775 55, 813 47,976 Plywood Bookings thous. of sq. ft. of surface 4,534 Shipments thous. of sq. ft. of surface5,848 Unfilled orders, end of month thous. of sq ft of surface 6,949 i Cumulative through Feb. 28. 39 TREND OF BUSINESS MOVEMENTS—Continued 1926 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February,, 1926, "Survey" December PER CENT INCREASE (+) OR DECREASE (— ) 1925 January February March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 Per ct. increase or decrease 1925 1926 cumulative 1926 from 1925 STONE, CLAY, AND GLASS PRODUCTS Clay Products Face brick, averages per plant: Production.. _ _ ..thousands.. Shipments thousands _ . Stocks, end of month. thousands.. Unfilled orders, end of month., thousands _. Common brick: Stocks, end of monthBurned thousands.. Un burned thousands. _ Shipments thousands Unfilled orders .. thousands. _ Plants closed down number Price, red, New York dolls, per thous.. Paving brick: Production, actual . _ .thousands.. Shipments __ .thousands.. Stocks, end of month _ . thousands __ Orders received.. thousands.. Cancellations _ .thousands.. Unfilled orders, end of month ..thousands.. Relation to capacity per cent.. Vitreous china plumbing fixtures: Orders received pieces.. Shipments __ ._ pieces. _ Unfilled orders, end of month pieces.. Stocks, end of month pieces.. Floor and wall tile: Production thous. of sq. ft.. Shipments, quantity thous. of sq. ft_. Shipments, value thous. of dolls.. Stocks, end of month thous. of sq. ft.. Architectural terra cotta, bookings: Quantity net tons.. Value thous . of dolls. . 648 648 628 2,443 1,032 548 548 283 1,801 728 508 508 436 2,068 949 670 670 732 2,034 1,091 355, 139 60, 014 110, 866 262, 481 30 17.00 17.00 279,862 23, 951 94, 185 201, 479 31 14.50 305,831 34, 891 110, 790 247, 176 26 14.50 287,800 43, 446 170, 697 329, 673 16 13.50 0.0 +25.9 20, 170 9,896 115,977 12, 984 151 51, 573 52 22, 642 10, 996 123, 997 21, 805 18 63, 364 57 25, 266 4,198 111, 666 5,751 40 51, 572 62 20, 841 5,613 117, 772 6,932 21 49, 692 62 27, 404 12, 271 135, 435 23, 188 712 64, 091 78 +12.3 +11.1 +6.9 +67.9 -88.1 +22.9 +9.6 -17.4 -10.4 -8.4 -6.0 -97.5 -1.1 -26.9 279, 928 237, 998 243, 580 239, 066 545, 156 2 544, 088 495, 838 450, 904 253, 723 274, 676 523, 135 481, 303 640 409 1,978 770 584 351 2,310 912 476 476 373 2,322 1,031 316, 023 62,947 137, 788 253, 490 43 14.75 324, 203 58, 399 108, 688 259, 158 32 16.00 21, 302 10, 788 95, 427 9,916 738 46, 608 64 19, 329 10, 237 111,431 11, 454 344 48, 722 50 277, 713 238, 266 508, 808 453, 249 5,322 * 5, 072 1,886 27,504 4,997 4, 289 1,620 2 7, 547 4,853 4,189 1,564 7,613 2 14, 297 2 1, 763 13, 342 1,645 2 10, 742 . 2 1, 402 93, 242 125, 600 98, 031 90, 503 130, 056 114, 062 +36.1 +36.1 +68.4 +5.2 +0.1 -3.3 -3.3 -14.2 +20.1 -5.4 1,726 1,726 1,451 1,708 1,708 1,352 -1.0 -1.0 -6.8 i 204, 975 i 219, 554 +7.1, 157 162 +8.8 73, 511 22, 082 62, 141 31, 129 -15.5 +41.0 35, 871 46, 243 +28.9 i 7, 314 i 6, 301 12,247 i 18, 448 i 9, 850 i 8, 478 i 3, 184 1 15, 160 +34.7 +34.6 +41.7 -17. 8 39, 701 5,093 +1.6 +15.4 +(5.6 +14.9 —3 9 +6.7 3,606 3,031 1,085 9,090 3,708 3,270 1,162 9,358 4,014 3,891 1,357 9,506 15, 617 2,046 12, 809 1,434 11,429 1,306 14, 849 1,675 +45.4 +45.9 +5.2 +22.1 39, 087 4,415 82, 909 144, 501 87, 002 102, 284 166, 756 118, 076 93, 938 105, 056 121, 092 93, 380 121, 490 100, 926 105, 905 122, 999 110, 330 +23. 4 +15.4 +35.7 -3.4 +35.6 +7.0 293, 223 275, 696 -6.0 332, 348 319, 140 -4.0 108, 595 228, 858 115, 556 114, 198 2 104, 982 232, 117 246, 544 125, 168 2 102, 910 121, 801 245, 384 128,349 123, 553 184, 765 146, 677 123, 085 203, 625 124,856 121, 936 225,497 125,847 +16.0 -0.5 +24.7 -0.1 +8.8 +2.0 378, 554 340, 981 -9.9 397,380 356,427 -10.3 115,529 260, 981 121, 112 115, 017 253, 779 123, 656 2 97, 797 275, 530 97, 108 121, 883 301, 070 130, 496 127, 289 252, 258 148, 857 121, 519 276, 333 123, 982 125, 667 306, 220 120,513 +24.6 +9.3 +34.4 -3.0 -1.7 +8.3 374, 475 334, 697 -10.6 393, 352 351, 260 -10.7 44, 380 161, 445 51, 700 51, 922 158, 717 58, 729 2 46, 210 160,656 2 47, 147 55, 607 168, 298 60, 226 72, 316 174, 290 71, 685 65, 032 188, 348 59, 723 71, 203 191, 104 55, 595 +20.3 +4.8 +27.7 -21.9 -11.9 +8.3 208, 551 153, 739 -26.3 187, 003 166, 102 -11.2 83,831 189, 157 83, 535 200, 619 89, 611 198, 326 94, 167 205, 003 108, 572 295, 400 115,236 299, 254 114, 759 280, 734 +5.1 +3.4 -17.9 -27.0 73 65 72 85 10, 713 6,917 18, 365 7,887 5,672 20, 582 7,731 5,820 22, 388 10, 323 9,499 23, 212 8,856 5,162 17, 656 8,255 6,015 19,897 11, 034 10,279 20,469 +33.5 +63.2 +3.7 -6.4 -7.6 +13.4 28, 145 21, 456 25, 941 20, 991 -7.8 -2.2 1.65 1.75 1.65 1.75 1.65 1.75 1.65 1.75 1.74 1.75 1.75 1.75 1.75 1.75 0.0 0.0 -5.7 0.0 5,244 2,491 3,629 2,161 5,012 2,727 7,938 4,663 4, 513 3,474 5,047 3,787 8,502 5,772 +58.4 +71.0 -6.6 -19.2 18,062 13, 033 16, 579 9,551 -8.2 -26.7 264, 113 10, 978 257,958 10,838 257, 041 10, 803 269,757 12, 759 261, 132 12, 344 264, 625 12, 389 37.6 48.1 44.4 40.8 38.0 38.3 45.9 41.8 42.2 38.9 38.7 39.4 50.0 52.0 45.1 51.0 55.5 48.7 8,674 8,568 9,774 +10.2 +18.9 27,016 32,890 +21.7 2 Sanitary Ware Baths, enamel: Orders shipped... ... number. _ Stocks, end of month number Orders received __ ._ number.. Lavatories, enamel: Orders shipped number.. Stocks, end of month ._ .. number.. Orders received number.. Sinks, enamel: Orders shipped number. . Stocks, end of month number.. Orders received number Miscellaneous, enamel: Orders shipped number-Stocks, end of month number. . Orders received number.. Unfilled orders, end of month: Baths number Small ware.. _ number. Kitchen ware, enamel: Furnaces operating per cent of total.. 2 2 2 +18.1 Portland Cement Production thous. of bbls.. Shipments thous. of bbls.. Stocks, end of month __ _ thous. of bbls.. Prices: Chicago district dolls, per bbl Lehigh Valley dolls, per bbl.. Concrete paving contracts awarded: Total thous. of sq. yds Roads thous. of sq. yds_. Federal-aid highways under construction, end of month: Estimated cost thous. of dolls.. Distance miles 2 Glass Illuminating glassware: Net orders Actual production Shipments billed Polished plate glass: Production per ct. of capacity per ct. of capacity.. per ct. of capacity.. 10, 729 10,544 9,506 thous. of sq. ft.. i Cumulative through Feb. 28. 11, 617 40 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1925 1826 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1 December January February March January February March March March, 1926, from from Febru- March, ary 1925 1925 1926 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 STONE, CLAY, AND GLASS PRODUCTS-Continued 1 Glass Containers0 Orders and contracts: Number of gross Percentage of capacity Actual production: Number of gross Percentage of capacity Shipments: Number of gross Percentage of capacity Unfilled orders: Number of gross Weeks' supply Stocks, end of month: Number of gross Weeks' supply . - 2, 104, 952 2,803,903 2, 165, 756 2, 290, 317 79.2 102.5 85.8 76.9 +5.8 -7.7 2, 054, 613 2, 004, 626 1, 834, 316 1, 977, 438 68.3 75.1 72.6 73.3 +7.8 -5.9 1,531,841 1, 70)3, 971 1, 743, 890 2, 056, 253 69.1 71.1 56.0 62.3 +17 9 +2.9 8, 794, 273 9, 653, 591 10,017,204 10,115,725 15.7 15.3 15.8 13.9 +1.0 -0-.6 5, 614, 313 5, 906, 422 5, 982, 357 5, 914, 651 9.5 9.2 9.3 8.8 -1.1 -3.2 CHEMICALS AND OILS Chemicals Sulphuric acid: 940 713 1,017 668 1,324 Exports thous. of Ibs 581 997 .70 .70 .70 .70 .70 .70 Price wholesale, 66°, N Y dolls, per 100 Ib .70 Nitrate of soda: 89, 858 95, 109 197, 359 156, 354 171, 929 103, 627 Imports long tons 43, 018 Production in Chile215, 986 185, 440 205, 094 235, 000 220,000 240, 000 Quantity metric tons 92 93 88 89 Plants operating _ _ __ number. _ 88 91 28,173 27, 062 23,240 25, 632 28, 365 Potash, imports long tons 38, 856 26, 894 Acid phosphate: 2 370, 439 276, 043 289, 667 438, 213 336, 130 341,510 Production short tons _ 466, 191 180, 992 405, 400 1, 014, 345 Consumption. . _ short tons.. 22 201, 332 192, 059 559, 345 946, 712 Stocks, end of month short tons 2,178,319 2, 394, 242 2, 140, 710 1, 540, 956 2,094,875 1, 947, 640 1, 238, 510 78, 058 94,450 65,989 60, 221 93, 365 Fertilizer, exports _ long tons.. 125, 423 106, 850 Dyes and dyestuffs, exports: 201 430 216 215 228 248 Vegetable thous. of Ibs 126 2,067 1,990 2,007 1,552 2,925 Coal-tar thous. of Ibs.. 1,611 3,005 Price index numbers: 222 204 219 C rude drugs index number. . 200 205 192 193 154 159 158 202 192 218 Essential oils index number.. 225 155 154 156 Drugs and Pharmaceuticals. index number, . 156 156 156 157 114 113 114 113 112 112 Chemicals index number . 113 148 157 ]61 149 152 155 Oils and fats index number^ . 156 +98.2 0.0 +85.7 0.0 +10.0 -12.9 +51.6 +43.6 +1.7 +69.3 -28.0 +14.4 +17.9 -6.7 +24.4 +13.1 +81.0 +81.6 -47.0 +47.0 +2.5 -5.0 0.0 0.0 +2.0 +0.5 +21.5 0.0 -0.9 -5.6 2,989 +11.9 882, 326 431, 910 +13.0 i 401, 426 U85 78, 475 i 455, 000 i 177 92, 853 -4-13.3 -4.3 +18.3 936, 149 1, 600, 737 1,115,853 1, 698, 116 +19.2 +6.1 238, 497 260, 336 +9.2 847 6,064 569 6,088 -32.8 +0.4 i 20, 374 120,498 -18.5 -18.6 4,157 +1.6 264, 015 1, 306, 648 1, 248, 560 1, 449, 920 +3.4 +16. 1 2,670 Wood Chemicals Acetate of lime: 2 Production thous. of Ibs 11,664 14, 369 13, 517 9,460 11, 038 Shipments or use thous. of Ibs. _ 22 17, 711 15, 711 17, 178 Stocks, end of month thous. of Ibs. 18, 792 E xports thous . of Ibs 1,286 615 2,970 3.25 Price, wholesale dolls, per cwt 3.25 3.13 Methanol, crude: 698, 263 608, 385 Production .gallons. _ 2 722, 361 Shipments or use ..gallons.. 2 813, 504 661, 123 788, 797 Stocks, producers', end of month.. gallons.. 21,371,284 1, 358, 541 1, 160, 326 Purchased by refiners gallons 503, 973 516,820 596, 693 Consumed by refiners gallons.. 771, 827 731, 466 691, 730 Stocks at refineries, end of month. gallons.. 792, 357 656, 565 685, 995 Exports. gallons. _ 73, 092 70, 254 39, 270 Price, wholesale, N. Y dolls, per gal.. .58 .58 .58 Canada— 32, 574 Consumed gallons 39, 570 47, 391 Stocks, end of month gallons.. 29,478 15,300 40, 096 Methanol, refined: United StatesProduced gallons.. 608, 152 596, 997 483, 059 Stocks, end of month, at refineries gallons.. 557, 812 635, 399 636, 000 CanadaProduced _ gallons.. 45, 555 38, 070 31, 545 Stocks, end of month gallons.. 54, 915 60, 704 69, 371 Wood at chemical plants: Consumption (carbonized) cords.. 2 76, 081 72, 603 65, 209 484, 302 477, 105 Stocks, end of month cords. _ 2 530, 504 Daily capacity, wood-chemical plants: 4,615 4,615 Total in industry cords.. 4,519 4,308 Reporting cords.. 4,079 4,214 841 Shut down _ ..cords.. 2725 665 2,256 3.25 1 583, 085 747, 937 62, 139 .57 13, 081 10, 248 21, 233 1,995 3.00 11,906 10, 126 23,072 999 3.00 648, 709 615, 306 663, 665 654, 369 594, 191 582, 665 1, 459, 231 1, 520, 487 1, 870, 472 56, 760 .68 39, 625 .68 1 24, 987 i 25, 181 12, 827 11,416 25, 149 1,098 +266. 8 +105. 5 3.00 0.0 +8.7 63, 343 .68 4,092 1 1, 1 +12.8 +8.1 +58.2 -1.7 1, 603, 878 2, 171, 133 -1.9 -16.2 159, 728 171, 663 30, 561 33, 089 +22.8 +12.2 102, 705 1 633 955 553, 899 +14 7 551, 240 -13.2 29, 140 72, 629 -23.5 +4.7 71, 130 629, 784 62, 880 627, 045 68, 848 672, 600 4,807 4,280 339 4,807 4,280 363 4,807 4,488 381 +7.5 98, 755 i 134, 010 i 137, 812 +2.8 1 16, 323 13, 120 12, 592 i 29, 443 29, 115 13, 690 9,722 9,682 i 23, 412 i 27, 119 1,932 4,037 5,010 a See table on p. 24 of the March, 1926, issue for earlier data. -1.1 +15.8 Ethyl Alcohol Production thous. of gals Withdrawn for denaturation thous. of gals.. Warehouse stocks, end of month, thous. of gals.. i Cumulative through Feb. 28. 19,640 19, 463 5,967 12, 765 16, 350 17, 712 9,407 5,801 3,871 2 Revised. l 41 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December 1936 January February PEE CENT INCREASE (+) OR DECREASE (— ) 1925 March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 Per ct. increase (+) or decrease (-) cumulative 1926 from 1925 CHEMICALS AND OILS— Continued Explosives •(Black powder, permissibles, and other high explosives) Production. Shipments Sales Stocks, end of month thous of Ibs thous of Ibs thous. of Ibs thous. of Ibs 31, 765 30, 214 27, 817 16,649 28, 789 30, 075 29, 717 16, 447 33, 886 32, 370 29, 335 16, 777 6,512 44, 907 4,681 37,647 33, 479 35, 296 34, 541 16, 480 36, 527 34, 074 31, 675 18, 976 34, 211 33, 354 31, 269 20, 358 8,391 49, 556 6,167 37, 606 5,907 22, 831 i 70, 006 i 69, 370 i 66, 216 i 62, 675 i 62, 445 i 59, 052 -11.5 -10.0 -10.8 20, 465 14, 692 -28.2 150, 738 87, 744 -41.8 35, 735 36, 024 +0.8 19, 726 191, 275 19, 174 161, 294 -2.8 -15.7 Naval Stores Turpentine: Net receipts, southern ports barrels.. 20, 114 Stocks, ports, end of month barrels.. 51,247 Price, southern, in barrels, New York __ _ dolls per gal 1.02 Rosin: Net receipts, southern ports barrels. . 92, 070 Stocks, ports, end of month __ barrels ._ 220, 479 Price, common to good (B), New York dolls, per bbl.. 14.07 3,499 26, 866 -25.3 -28.6 -40.8 +17.7 1.07 1.00 1.00 .93 .94 .92 0.0 8.7 36, 466 199, 121 31, 082 169, 140 20, 196 117, 182 51, 279 222, 857 49, 322 199, 896 50, 137 171, 197 -35.0 -30.7 59.7 -31.6 14.34 13.33 11.10 8.24 8.28 8.09 -16.7 +37.2 16, 373 4,234 18, 195 4,641 17,829 4,279 20, 076 3,503 15, 658 3,713 18, 652 3,813 9,640 69, 975 7,470 57, 657 7,073 2 57, 747 9,454 59, 445 4,880 52, 617 5,392 79, 213 24, 217 22, 585 20, 721 19, 177 17, 288 19, 729 i 36, 465 i 43, 306 +18.8 10, 008 2,689 7,133 2,577 5,034 532 24, 553 9,327 2,407 6,616 2,359 4,631 578 21, 501 8,132 2,705 5,972 2,127 4,169 416 21, 481 7,650 2,230 5,542 2,258 4,003 468 19, 109 6,698 1,783 4,993 2,023 3,963 385 15, 846 7,301 2,040 5,663 2,086 4,447 396 20, 125 i 14, 348 i 4, 013 i 10, 535 i 4, 281 i 7, 966 i 853 i 34, 955 i 17, 459 i 5, 112 i 12, 588 i 4, 486 18,800 ' 994 i 42, 982 +21.7 +27.4 +19. 5 +4.8 +10.5 +16. 5 +23.0 Cottonseed stocks, end of month tons.. 1, 417, 188 1, 099, 371 Cottonseed oil: Stocks, end of month thous of Ibs 119, 124 128,967 Production thous of Ibs 224, 230 227, 433 Price, yellow, prime, New York dolls, per lb__ .11 .11 744, 296 415, 277 900, 899 598, 021 323, 806 -44.2 +28.2 121, 606 188, 549 90, 621 151, 633 122, 352 210, 439 127, 423 158, 014 88, 015 116, 571 -25. 5 -19.6 +3.0 +30.1 485, 024 567, 615 +17.0 .11 .12 .11 .11 .11 +9.1 +9.1 379 422 1,719 533 292 1,370 1,481 497 1,322 859 425 1,036 780 391 767 +40.6 -30.8 -20.3 -31.7 -25.3 +78.6 3,120 1,313 1, 425 1,034 -2ll2 Roofing Roofing felt: Production, dry felt. _ Stocks, end of month, dry felt tons tons.. Fats and Oils Total vegetable oils: Exports thous. oflbs.. Imports thous. oflbs.. Oleomargar ine : Production. thous of Ibs Ingredients consumed in production:d Cocoanut oil thous of Ibs Cottonseed oil _ _ thous of Ibs Milk thous. of Ibs Neutral lard thous. of Ibs Oleo products thous. of lbs_. Peanut oil thous of Ibs Consumption thous of Ibs 4,631 45, 890 -34.5 -20.5 -14.1 -42. 1 Cottonseed Flaxseed Minneapolis and Duluth: Receipts. thous ofbushs Shipments thous. of bushs.. Stocks thous of bushs Linseed oil: Shipments from Minneapolis ...thous. of lbs._ Xiinseed-oil cake: Shipments from Minneapolis ..thous. of Ibs.. 1,378 781 2,391 513 320 2,026 11, 848 12, 401 10, 545 11, 141 14, 720 14, 468 14, 810 +5.7 -24.8 43,998 34, 087 -22.5 32, 563 26, 501 20,330 10, 464 31, 226 29, 847 20, 933 -48.5 -50.0 82, 006 57, 295 -30.1 55, 024 119, 077 34, 897 22,448 49, 473 111, 121 21, 640 12, 358 44, 686 106, 748 16, 788 9,874 37, 385 100, 446 15, 101 11, 465 81, 796 79, 341 24, 734 19, 864 74, 167 76, 187 19,923 16, 168 63, 327 75, 048 17, 260 18, 367 -16.3 -5.9 -10.0 +16.1 -41.0 +33.8 -12.5 -37.6 61,917 54, 399 53, 529 33, 697 -13.5 -38.1 3,695 8,235 2,411 5,452 1,700 4,613 3,770 6,900 8,484 12, 930 7,387 11, 613 9,961 16, 203 -21.8 +49.6 -62.2 -57.4 25, 832 40, 746 7,881 16, 965 -69.5 -58.4 57, 008 13, 199 14,002 6,103 4,146 4,423 1.77 1.80 1.84 1.87 1.77 1.85 1.91 2.01 1.84 1.98 1.69 1.77 -7.9 -9.2 -3.6 -5.1 2 40, 358 34,460 45, 010 37,720 33,548 9,853 8,248 7,347 FOODSTUFFS Wheat Visible supply: United States thous of bushs Canada thous of bushs Receipts, principal markets.. .thous. of bushs.. Shipments, prin. markets thous. of bushs. _ Exports: United StatesWheat only thous. ofbushs Including wheat flour -thous. ofbushs.. CanadaWheat only thous of bushs Prices: No. 1, northern, Chicago. .dolls, per bush-No. 2, red winter, Chicago. dolls, per bush.. 1.63 1.68 Wheat Flour Grindings of wheat: United States (census) thous of bushs 41, 656 Production: United States, actual (census) thous of bushs 8,948 United States, prorated (Russell) thous. of bbls.. 10, 783 1 Cumulative through Feb. '28. 7,406 2 8, 679 10, 287 2 8,811 Revised. i 19, 496 11, 705 9, 307 10, 189 « See tat le on p. 25 of the Ma r., 1926, issue for e arlier data. i 19, 098 -2.0 42 TREND OF BUSINESS MOVEMENTS—Continued The curnulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PER CENT INCREASE (+) OR DECREASE (-) 1925 1925 1926 December January February March January February March CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 March, March 1926, from from Febru- March, ary 1925 1926 1925 Per ct. increase (+) or decrease (-) cumulative 1926 from \ 1925 FOODSTUFFS— Continued Wheat Flour— Continued Production, grain offal Capacity operated, flour mills Consumption, wholesale (computed Stocks, all positions, end of month (computed) Exports: United States Canada Wholesale prices: Standard patents, Minneapolis Winter straights, Kansas Citv thous. of Ibs per cent.. 756, 198 53 2 728, 335 54 623, 263 50 762, 489 58 648, 197 53 576, 955 43 10, 676 9,513 8, 635 10, 017 9,801 8,370 thous. of bbls._ 6,900 7,000 6,600 7,400 6,850 6,400 thous. of bbls.. thous. of bbls 1,009 1,042 676 717 647 842 695 1,302 998 875 939 834 1,387 1,385 +7.4 +54.6 -49.9 -6.0 dolls, per bbL. 9.18 9.41 9.14 8.81 9.69 9.85 9.04 -3.6 -2.5 dolls, per bbl 7.89 8.34 8.00 7.88 8.81 8. 67 7.97 -1.5 -1.1 3,428 19, 095 32, 180 12, 131 6,489 4,823 29, 519 30, 851 10, 268 7,191 2,918 35, 688 25, 596 9,906 6,709 2,270 59, 650 19, 994 9,566 7,431 896 28, 812 37, 038 14, 290 6,751 704 34, 199 21,274 12, 270 6,198 89 36, 526 24, 916 13, 692 5,672 -22.2 +67.1 -21.9 -3.4 +10.8 +63.3 -19.8 -30.1 +31.0 .80 .80 .77 .74 1.27 1.24 1.17 -3.9 -36.8 15, 582 66, 762 2,466 14, 948 66, 284 1,447 11, 128 61, 896 873 11, 622 56, 217 810 23, 474 77, 579 934 14, 110 76, 519 843 12, 851 67, 509 1,006 +4.4 -9.2 -7.2 -9.6 -16.7 -19.5 .42 .43 .41 .41 .60 .57 .49 0.0 -16.3 4,364 7,257 958 3,034 6,971 783 2,588 7,919 311 2,958 5,322 436 4,940 3,939 1,522 4,210 3,850 881 3,359 3,834 864 +14.3 -32.8 +40.2 -11.9 +38.8 -49.5 .72 .72 .70 .66 .97 1.00 .92 -5.7 -28.3 2,243 95 1.04 1,520 197 1.05 1,082 186 .97 1,032 369 .84 2,134 1,208 1.59 2,823 944 1.58 833 2, 408 1.35 -4.6 +98.4 -13.4 Total grain exports, incl. flour. thous. of bushs.. 15, 182 Bice Southern paddy, receipts at mills bbls.. 1, 671, 725 Shipments: Total from mills pockets (100 Ibs ) 751, 701 New Orleans pockets (100 Ibs ) 204,210 Stocks end of month, mills and dealers. pockets (100 Ibs.) .. 2, 045, 781 Imports pockets (lOOlbs.).. 66, 751 Exports pockets (1001bs.)_. 69, 803 Total movement to mills ._ sacks or bbls 1, 718, 366 Paddy at California warehouses: Shipments sacks. . 46, 641 Stocks, end of month sacks.. 1, 253, 359 12, 702 8,901 10, 785 17, 538 14, 984 21, 376 +21.2 1, 019, 566 477, 583 210, 515 448, 306 197, 214 43, 129 -55.9 +388. 1 911, 578 72, 805 608, 600 131, 393 498, 419 176, 229 981, 194 219, 817 543, 246 128, 858 496, 485 118, 163 +0.4 +49.1 -11.1 +72.2 -2.3 +92.8 +35.7 -17.2 -44.0 +141.8 218, 544 302, 173 828, 090 +8.8 +26.7 -8.5 +145. 0 139, 441 439, 224 +215. 0 thous of bbls 1 19, 818 1 3,314 3,094 18, 148 -8.4 2,018 2,861 -39.0 -7.5 Corn Exports, including meal __ thous. of bushs Visible supply thous . of bushs Receipts, principal markets.. .thous. of bushs._ Shipments, prin. markets thous. of bushs.. Grindings (starch, glucose) thous. of bushs.. Prices, contract grades, No. 2, Chicago dolls, per bush 1,689 10,011 +492. 7 83, 228 40, 252 18, 621 76, 441 29, 740 21,331 50, 435 37, 698 2,763 3,130 +13.3 12, 509 8, 580 -31.4 3,267 1,530 -53.2 +23.9 +84.7 -37.8 5,790 4,560 3,634 752 -37.2 -83.5 -49.5 53, 898 32, 388 -39. & 688, 649 1, 707, 664 +148. 0 2, 020, 925 466, 838 2, 018, 597 380, 427 -0.1 -18.5 -8.2 -26.1 +14.6 Oats Receipts, principal markets thous . of bushs Visible supply -thous. of bushs. Exports, including meal ._ thous. of bushs Prices, contract grades, Chicago dolls, per bush -25. a Other Grains Barley: Receipts, principal markets thous. of bushs Visible supply ._ thous . of bushs Exports thous. of bushs Price fair to good, malting, Chicago dolls, per bush.. Rye: Receipts, principal markets _ _thous . of bushs Exports, including flour.. .thous. of bushs.. Price, No. 2, Chicago dolls, per bush.. Total Grains Other Crops Apples: Cold-storage holdings, end of month thous. of bbls._ Car-lot shipments _. carloads. . Potatoes, car-lot shipments carloads Onions, car-lot shipments carloads Citrus fruits, car-lot shipments carloads Hay, receipts. _ - - - - - - - - - . .. tons 8,502 7,244 11, 125 1,554 9,350 82, 329 2, 168, 554 2, 052, 144 1, 824, 807 1, 867, 227 1, 559, 679 1, 059, 649 108, 464 194, 576 78, 493 190, 036 41, 497 98, 554 55, 739 114, 109 48, 248 65, 490 108,979 79, 085 1, 234, 343 327, 467 585, 078 216, 286 476, 373 135, 431 214, 777 107, 495 1, 120, 715 1, 005, 396 7,051 6,078 15, 817 2,524 9,703 98, 998 5,300 6,622 14, 553 2, 248 8,399 72, 139 18 1 +34.1 493, 076 +125. 6 169, 477 -43.9 2, 146, 888 +159. 3 116,952 920, 259 28, 067 583, 136 19, 072 532, 886 92, 302 375, 675 3,287 6,084 19, 577 1,806 11, 559 73, 286 5,233 4,980 21, 159 2,713 12, 036 101, 595 3,761 3,802 19, 886 1,984 10, 402 69, 869 2,288 3,244 20, 862 1,533 11,309 74, 305 -38.0 -8.9 +34.5 -19.7 +37.6 -1.6 +43.7 +87.5 -6.2 +17.8 +2.2 -1.4 12, 026 61, 907 6,230 33, 747 245, 769 18, 784 49,947 6,578 29, 661 244, 423 +56.2 -19.3 +5.6 -12.1 -0.5 1,811 572 184 1,221 1,869 708 207 1,150 1,530 555 176 967 1,860 645 230 1,179 +16.8 +7.5 +7.0 +20.5 -2.6 -11.3 -20.0 +3.8 5,259 1,908 613 3,296 5,202 1, 779 581 3,378 -1.1 -6.8 -5.2 +2.5 12, 996 480, 692 481, 583 9,412 346, 086 387, 219 8,652 425, 740 438, 123 8,476 -13.7 14 1 +55.2 +14.2 +2.7 +53.3 i 826, 778 i 868, 802 26, 540 853, 738 i 860, 266 29, 943 +3.3 -1.0 +12.8 71, 603 140, 705 130, 809 116, 318 -7.8 -38.4 9.69 .160 .150 9.31 .183 .133 9.47 .183 .135 10.20 .183 .148 0.0 -1.8 0.0 -5.0 -12.6 +1.4 Cattle and Calves Cattle movement, primary markets: Receipts thousands.. 1,840 2,056 1,551 Shipments, total thousands. . 675 532 833 Shipments, stocker and feeder. .thousands. . 225 333 172 Local slaughter thousands 1, 144 1,248 1,013 Beef products: Inspected slaughter product.. thous. of lbs_. 499, 739 458, 376 395, 362 Apparent consumption., thous. of Ibs 462, 650 2 397, 616 487, 985 Exports thous. of lbs_. 11, 128 8,574 8,373 Cold-storage holdings, end of month thous. of Ibs. 84, 996 80, 538 2 77, 690 Prices, Chigaco: Cattle, corn-fed.. ...dolls, per lOOlbs.. 10.04 9.88 9.69 Beef, fresh native steers dolls, per lb_. .170 1 .170 .163 Beef, steer rounds, No. 2 dolls, perlb.. .147 .131 .150 1 Cumulative through Feb. 28. 2 Revised. 1 43 TREND OF BUSINESS MOVEMENTS—Continued 1926 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December PER CENT INCREASE (+) OR DECREASE (— ) 1925 January February March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 Per ct. in- crease ( ) or tdecrease (-) cumulative 1926 from 1925 FOODSTUFFS— Continued Hogs and Pork Hog movements, primary markets: Receipts thousands Shipments, total thousands Shipments, stocker and feeder. .thousands. _ Local slaughter thousands Pork products, total: Inspected slaughter product thous of Ibs Apparent consumption thous. of Ibs Exports thous. of Ibs. Cold-storage holdings, total, end of month thous of Ibs Fresh and cured in storage, end of month thous of Ibs Lard (included in pork products) : Production thous. of Ibs Exports ' thous. of Ibs Cold-storage holdings, end of month thous of Ibs Prices: Hogs heavy Chicago dolls per 100 Ibs Hams, smoked, Chicago dolls, perlb.. Lard prime contract N Y dolls per Ib l 4,380 1,618 77 2,776 773,984 i 563,011 115, 241 4,304 3,372 1,581 65 2,721 1,345 58 2,035 802,879 604, 958 566,918 2 427, 713 109, 764 130, 829 2 4,558 3,528 1,428 56 2,144 6,105 2,176 38 3,910 1,580 35 3,010 11, 255 2,285 +1.4 +15.3 +7.7 -6.2 14, 191 1,239 52 +6.1 +6.2 -3.4 +5.4 125 9,205 179 6,900 726, 051 483, 364 114, 706 547, 772 462, 563 123, 281 -24.7 -24.6 -4.6 -16.7 -11.5 -15.1 1, 676, 789 1, 107, 276 382, 208 1,407,837 104, 679 950, 738 623, 912 144, 221 i 994, 631 345, 272 -16.0 -10.2 -9.7 -26.5 470, 902 202, 084 425, 793 206, 285 -9.6 +2.1 4,729 2,252 327 3,579 4,995 4,354 -20.7 -12.8 +43.2 -25.0 514, 697 620, 229 685, 992 720, 476 891, 496 1, 017, 282 979,739 +5.0 472, 219 556, 042 609, 847 627, 409 778, 792 865, 355 829, 557 +2.9 -24.4 147, 716 68, 840 162, 314 76, 670 126, 905 65, 356 136, 574 64, 259 194, 189 78, 440 161, 697 60, 363 115,016 ' 63,281 +7.6 -1.7 +18.7 +1.5 42, 478 64, 187 76, 145 93, 067 112,704 151, 927 150, 182 +22.2 -38.0 10.88 .280 .150 11.63 .278 .157 12.05 .288 .152 11.49 .295 .150 10.80 .219 .166 11. 15 .231 .161 13.48 .269 .171 -4.6 +2.4 -1.3 -14.8 +9.7 -12.3 1,608 771 220 840 1,548 694 155 856 1,486 863 89 615 1,695 695 83 1, 001 1,467 688 138 786 1,388 675 119 711 1,504 670 94 836 +14.1 -19.5 -6.7 +62.7 +12.7 +3.7 -11.7 +19.7 4,359 2,033 2,333 2,472 +8.5 +10.8 -6.8 +6.0 39, 468 39, 383 42, 684 42, 526 2 40, 946 40, 016 39, 655 40, 275 34, 945 34, 953 40, 572 40, 710 4.1 -5.9 +17. 2 +14.5 i 74, 600 i 75, 228 i 83, 630 i 82, 542 +12.1 +9.7 1, 820 2,354 3, 346 3,282 2,336 2,294 2,090 -1.9 +57.0 .806 15. 94 7.89 14.84 7.89 13.28 7.70 12.73 8.69 17.63 8.44 17.27 9.18 16.05 -2.4 -4. 1 -16.1 -20.7 thous. of lbs_. • 56, 696 57, 168 2 54, 825 52, 407 98, 162 101, 163 94, 128 -4.4 -44.3 -20.1 -5.9 12, 578, 167 12, 345, 205 +3.2 -28.9 -19.1 -4.2 12,051,306 11,939,439 -9.0 Sheep and Lambs Sheep movement, primary markets: Receipts thousands Shipments, total _ thousands. . Shipments, stocker and feeder.. thousands.. Local slaughter thousands Lamb and mutton: Inspected slaughter product. -thous. of Ibs.. Apparent consumption thous. of Ibs. _ Cold-storage holdings, end of month thous of Ibs Prices: Sheep, ewes, Chicago. . .dolls, per 100 Ibs. . Sheep, lambs, Chicago. .. dolls, per 100 lbs_. 2 351 Miscella neons Meats Cold-storage holdings, end mo Total Meats Production, inspected slaughter.. thous. of lbs._ 1, 313, 191 1, 303, 939 1,2 041, 266 821, 853 760, 289 Cold-storage holdings, end mo..thous. of lbs_. 658, 209 Apparent consumption thous of Ibs 1, 090, 379 1, 072, 094 2 867, 345 1, 471, 085 1, 107, 082 1, 014, 084 847, 768 1, 132, 699 1, 251, 548 1, 192, 275 941, 396 905, 536 1, 145, 770 -5.5 Poultry Receipts atfivemarkets Cold-storage holdings, end of month . thous. of Ibs 68, 385 26, 765 thous of Ibs 111, 501 108, 512 9,401 58, 048 659, 033 13, 644 48, 181 325, 612 36, 199 39, 424 19, 181 17, 638 28, 402 19, 900 15, 318 -8.0 +15.1 95, 397 73, 013 138, 189 130, 513 108, 608 -23.5 -32.8 14, 756 37, 378 282, 987 23, 751 24, 892 11, 028 55, 308 394, 433 18, 181 44, 034 371, 422 23, 708 29, 865 203, 520 +61.0 -33.4 -13.1 +0.2 -16.7 -23.8 52, 917 52, 151 -1.4 i 765, 855 i 608, 599 -20.5 39, 507 46, 077 37, 781 35, 181 40, 725 +16.6 +13.1 113, 687 125, 008 +10. 0 10, 875 .467 -33.9 -9.1 +59.9 -12.6 42, 945 43, 478 +1.2 3,641 3, 717 +2.1 2 63, 620 63, 584 -0.1 Fish Total catch, prin. fishing ports. .thous. of lbs_. Cold-storage holdings, 15thofmo_thous. of lbs._ Dairy Products Butter: Receipts 5 markets thous of Ibs Cold-storage holdings, Wholesale price, 5 markets ...dolls, per lb._ Cheese: Receipts, 5 markets thous. of Ibs Cold-storage holdings, Eggs: Receipts, 5 markets Cold-storage holdings thous. of cases thous. of cases.. Milk Condensed milk: Manufacturers' total stocks— Tl IV ri tbni «?' nf lh<? Manufacturers' unsold stockCase goods thous of Ibs Exports thous. of Ibs.. Wholesale price, New York.dolls. per case.. i Cumulative through Feb. 2£5. 52, 785 .489 39,381 .447 2 26, 313 .449 17,390 .408 45, 748 .414 28, 789 .412 14, 012 14, 854 13, 568 15, 056 15, 202 12, 845 14, 898 +11.0 +1.1 58, 547 .246 50, 339 .245 42, 587 .243 38, 026 .222 41, 552 .228 34, 647 .229 27, 716 .226 -10.7 -8.6 +37.2 -1.8 625 1,683 906 578 1,070 77 1,741 857 618 81 1,177 21 1,846 1,240 +62.7 -5.7 —30.9 25, 876 22, 889 19, 142 12, 208 12, 321 -18.4 +6.7 +55.4 +0.3 21, 363 17, 592 3,100 14, 909 3,716 6.00 5.95 4,660 3,548 4,203 6.04 5,599 3,733 7,066 5,972 3,777 2 JDevised. -15.3 +467. 3 +19.9 +54.4 11, 152 10, 336 -3.6 +36.2 -0.5 +1.2 See ta ble on pag(3 20 of the j\pril, 19516, issue f or earlier data. 2,209 3,113 4,701 5.88 3,642 e 5,956 2,628 2,407 2,961 5.88 2,674 +7.9 44 TREND OF BUSINESS MOVEMENTS—Continued 1925 The oumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 January February March January February March Mardh March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 Per ct. in- crease ( } or tdecrease (-) cumulative 1926 from 1925 1925 1926 19, 069 18, 521 -2.9 FOODSTUFFS-Continued MUk— C ontinued Evaporated milk: Manufacturers' total stocks, case goods thous of Ibs 125, 501 Manufacturers' unsold stocks, case goods thous of Ibs 94, 775 5,572 Exports thous. of Ibs 4.54 Wholesale price, New York..dolls. per case.. Powdered milk: 5,954 Manufacturers' total stocks thous. of Ibs Manufacturers' unsold stocks.thous of lbs_. 4,368 Exports thous. of Ibs.. .336 Fluid milk: Receipts— Boston (includ. cream) . .thous. of qts__ 15,899 Greater New York thous. of cans.. 2,546 Production— Minneapolis district (excluding cream) thous. of lbs._ 23, 875 107, 304 92, 974 71, 857 72,460 -13.4 +31.1 82, 897 29,029 5,952 42, 187 4.72 70, 187 4,701 4.44 4.16 4.18 -15.3 +67.1 -5.9 +66.4 +22.5 +6.2 5,681 5,540 3,571 190 6,067 4,050 5,381 203 335 293 -2.5 —17 5 +50.0 +3.0 +1 0 -3.7 924 678 -26.6 16, 010 41, 875 2,320 14, 528 2,413 14, 149 2,281 -7.1 -8.0 +5.1 +1.7 i 28, 677 i 4, 694 i 30, 885 i 4,742 +7.7 +3.2 27, 188 26, 126 22, 059 21, 356 -3.9 +22.3 i 43, 415 i 53, 314 +22.8 58,309 233, 867 367, 439 89, 144 144, 273 434, 261 444, 259 178, 803 150, 677 453, 158 497, 912 53, 388 274, 510 372,911 +4.4 +6.9 +4.4 +1.5 +12.1 -7.6 +62.2 +57.1 310, 769 1, 093, 775 1, 251, 840 353, 259 1, 121, 286 1, 309, 610 +13.7 +2.5 +4.6 28,386 1,980 258 2,996 403 432 -87.0 -40.3 3,831 6,553 9,645 16, 141 7,056 14, 108 21,455 +67.4 -24.8 42, 619 32, 339 -24.1 .042 .051 .058 122 .042 .052 .060 122 .040 .049 .059 122 .046 .061 .073 147 .046 .058 .070 140 .047 .059 .069 140 -4.8 -5.8 — 1.7 0.0 -14.9 -16.9 -14.5 -12.9 611,099 379, 723 364, 430 769, 537 920, 480 445, 215 454, 631 684, 263 1, 107, 066 637, 599 375, 213 293, 891 833, 934 504, 146 623, 658 876, 210 677, 797 802, 936 +5.1 +19.6 +2.1 -32.9 +61.8 +37.9 2, 347, 743 1, 557, 156 2, 301, 116 1, 279, 569 -2.0 -17.8 412, 281 +27.2 5,962 4,326 2,522 7,858 285 6,700 3,536 6,417 296 Sugar Raw: Imports— From Hawaii and Porto Rico long tons 17, 939 From foreign countries long tons.. 226, 991 349, 139 Meltings, 8 ports long tons Stocks at refineries, end mo long tons.. 120, 146 Receipts, domestic, at New Orleans long tons 27, 583 Refined: Exports, including maple ..long tons.. 10,728 Prices: Wholesale, 96° centrifugal, .041 N. Y dolls, per lb_. .053 Wholesale, granulated, N. Y._ dolls, per lb._ Retail, granulated, N. Y dolls, per lb_. .058 Retail average, 51 cities index number.. 122 Cuban movement: Receipts at Cuban ports long tons 181, 448 Exports _ _ long tons 327, 298 Stocks, end of month long tons. _ 132, 148 Coffee Imports Visible supply: World _ _ United States Receipts, total, Brazil Clearances: Total, Brazil, for world Total, Brazil, for U. S Tea Imports 290,061 299,040 83, 659 116, 390 413, 742 123, 302 140, 991 446, 354 539, 058 184, 668 30, 624 +699. 4 thous. of lbs._ 128, 371 143, 268 122, 965 146, 048 109,048 79, 992 135, 167 +18.8 +8.1 thous. of bags thous. of bags thous. of bags.. 5,080 4,753 888 1,187 685 1,157 4,761 798 939 4,747 5,290 713 874 5,112 652 765 5,329 888 889 -0.3 -6.9 +12.5 -10.9 -16.3 +18.8 2,528 3,152 +24.6 thous. of bags.. thous. of bags. _ 1,195 731 1,007 572 1,236 610 1,071 649 1,042 623 756 377 770 462 -13.3 +6.4 +39.1 +40.5 2,568 1,462 3,314 1,831 +29.0 +25.2 thous. of lbs._ 10,468 7,546 7,080 5,776 7,661 6,08i 7,417 -18.4 -22.1 21, 162 20,402 +3.6 +25.1 +11.9 +22.0 +21.7 1,431 18, 603 1,449 20, 817 +1.3 +11.9 743 1,056 324, 207 TOBACCO Consumption (tax-paid withdrawals) : Large cigars . millions 473 Small cigarettes millions 6,249 Manufactured tobacco and snuff thous. of Ibs.. 28, 657 Exports: Unmanufactured leaf thous. of Ibs 68, 375 Cigarettes millions 943 Sales of loose-leaf, warehouses thous. of Ibs.. 120, 972 Price, wholesale, Burley good leaf, dark red, Louisville dolls, per 100 lbs_. 25.00 434 451 564 6,944 6,240 7,633 6,652 475 452 5,681 6,270 504 34, 411 34,054 37,428 35, 457 33, 172 34, 346 +9.9 +9.0 102, 975 105, 893 +2.8 46, 891 852 111, 199 47, 147 513 83, 462 36, 167 906 25, 210 36, 150 707 93, 551 24, 127 735 51,833 32, 475 721 14, 556 -23.3 +76.6 -69.8 +11.4 +25.7 +73.2 92, 752 2,163 159, 940 130, 205 2,271 219, 871 +40.4 +5.0 +37.5 25.00 25.00 25.00 24.50 24.50 24.50 0.0 +2.0 2,347 1,907 942 517 75,000 81, 087 95, 907 91, 787 -8.8 -5.2 -16.3 -8.2 +50.1 +16.2 +5.3 +22.2 -6.7 -18.3 1,979 945 4,514 268, 781 4,486 2,244 2,209 2,104 1,221 509 3,747 2,305 1,840 1,037 428 182, 971 +19.7 +13.4 +21.5 -4.6 -31.9 401, 371 +109. 1 +42.3 1, 112, 524 999, 739 -10.1 +11.4 +8.2 +13.1 -0.3 -13.6 +8.3 14, 727 3,058 14, 169 4,911 -3.8 -11.7 +1.0 25.6 -3.6 -5.1 TRANSPORTATION River and Canal Cargo Traffic Panama Canal: Total cargo traffic thous. of long tons In American vessels thous. of long tons.. In British vessels .thous. of long tons.. Suez Canal thous. of metric tons Mississippi River, Govt. barges short tons.. Ohio River, Pittsburgh, Pa., to Wheeling, W. Va short tons 2,358 65, 593 57, 996 2,139 1,092 523 2,061 49, 975 836, 650 155, 339 273, 207 571, 193 365, 970 345, 183 5,331 2,003 3,328 4,616 1,600 3,016 4,519 1,590 5,034 1,721 3,313 5,126 1,820 4,550 2,929 27.4 26.3 25.2 24.3 1,294 541 2,230 1,152 625 2,245 2,724 1,148 4,306 Ocean Traffic Clearances, vessels in foreign trade: Total thous of net tons American . .. thous. of net tons Foreign __ thous. of net tons Freight rates, liners, Atlantic ports to Europe— index no. (relative to January, 1920) i Cumulative through Feb. 28. 1,750 3,307 2,800 26.9 25.5 5,051 1,993 5,563 9,165 9,258 45 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulative^ shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December 1925 PER CENT INCREASE (+) OR DECREASE (— ) January February March March March, 1926, from from Febru- March, ary 1925 1926 January February March CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 1925 1926 44, 368 34, 986 49, 223 33, 679 +11.0 -3.7 11, 782 565 414 2,454 984 141 3,150 4,076 11,986 557 3GO 2,552 918 134 3,225 4,211 +1.7 -1.4 -5.8 +4.0 -6.7 -5.0 +2.4 +3.3 TRANSPORTATION— Continued Ocean Traffic— Continued Vessel construction: Completed during monthTotal __ gross tons.. Steel seagoing gross tons Building or under contract, end" of mo.— Merchant vessels, .thous. of gross tons- 15, 073 12, 838 5, 329 3,340 190 185 246, 549 95, 478 104, 280 213, 921 103, 209 69, 736 285, 015 103, 177 138, 425 197 83 15 13 None. None. 406 61 4 ,. 167 100 10 4,432 226 163 998 312 49 1,172 1,512 3,676 171 113 770 299 42 990 1,292 3,877 159 114 783 307 44 1,063 1,407 4,457 245 180 1,072 340 49 1,133 1,439 3,623 169 123 734 320 45 978 1,255 347, 568 89, 505 480, 995 378, 649 65, 725 37, 678 340, 276 78, 595 460, 204 360, 590 63, 289 35, 414 7,107 5,543 2,991 6,032 5,266 2,608 13,096 9,339 8,629 4, 517 7,578 312 232 268 251 250,935 113, 860 92, 040 207, 683 87, 389 74, 151 218 10 170 33, 016 28, 850 23, 966 +335. 7 18, 808 +37.8 +53.4 196 -2.7 +35.7 344, 959 113, 615 185, 724 +18.7 +9.3 -40.6 -28.5 -16.0 43.9 Freight Cars Surplus (daily av. last week of month): Total . __ cars 267, 739 Box cars 112, 345 Coal . . cars 95, 295 Shortage (daily av. last week of month) : Total ... _cars . 97 Box cars 5 Coal cars 87 Car loadings (monthly totals): Total thous. of cars.. 3,699 Grain and grain products... thous, of cars.. 206 Livestock thous. of cars 131 Coal and coke thous. of cars.. 757 Forest products . thous. of cars 258 Ore thous. of cars.. 48 Merchandise and 1. c. 1 thous. of cars... 975 Miscellaneous thous of cars 1,325 Railroad Operations Revenue: Freight. thous. of dolls.. 379, 505 Passenger thous. of dolls 91, 997 Total operating thous. of dolls 524, 007 Operating expenses thous. of dolls 389, 650 Net operating income thous. of dolls. . 94, 667 Freight carried mills, ton-miles.. 37, 869 Pullman company operations: Revenue thous. of dolls 6,680 Expenses thous of dolls 5,784 Passengers carried thousands 2,869 60 -93.4 -78.3 5 -100.0 -100.0 25 100 0 -100.0 I +5.5 +4.7 3,702 -7.0 151 +5.3 +0.9 +3.6 110 648 +1.7 +20.8 +2.7 325 -5.5 -6.3 47 +4.8 +2.2 +7.4 1,040 1,382 +8.9 +1.8 350, 766 2 336, 946 88, 739 2 77, 599 485, 019 2 455, 185 383, 962 2 355, 686 66, 060 2 65, 151 37, 026 33, 570 360, 608 79, 572 486, 481 377, 265 73, 117 35, 335 -2.1 -12.2 -4.3 -4.8 -3.7 -6.0 +1.0 +1.3 +1.1 +1.4 -2.9 +5.5 687, 712 166, 338 940, 204 739, 648 131, 211 70, 596 687,844 168, 100 941, 199 739, 239 129, 014 73, 092 0.0 +1.1 +0.1 -0.1 -1.7 +3.5 5,652 4,993 2,503 6, 270 5,421 2,651 -15.1 -5.0 -12.8 +6.7 +5.5 +4.2 1 11, 972 i 110, 195 5, 303 1 13, 139 i 10, 809 5,599 +9.7 +6.0 +5.6 i1 292 382 182 1366 M28 277 +25.3 +12.0 +52.2 +38.5 +55.4 +65.9 -15. 4 -68.7 304 230 198 32 73 446 387 343 44 59 +46.7 +68.3 +73.2 +37.5 -19.2 +69.2 +82.7 +96.0 -2.0 +10.5 -25.9 79 116 |; +46.8 12, 272 17, 320 20, 377 i 26, 792 +118. 3 J 13, 496 -22.7 30,524 +49.8 6,320 5,202 2,800 Railway Equipment Locomotives (Am. Ry. Assn.): Owned, end of month number 64, 824 64, 747 0.0 64,779 63, 619 63, 548 63, 593 63, 548 +0.2 2,593 Tractive power mills, of lbs__ 2,591 2,596 2,592 2,585 2,588 2,592 In r>a,d order, etid mo ruijnbPT 11,613 ! +1.1 11,404 11,315 9,769 10, 191 10, 087 10, 076 +1.2 18.1 Per cent of total in use per cent 15.4 17.6 17.7 16.2 16.0 16.0 -8.4 138 Installed during month . number 167 129 125 191 175 +7.8 Retired during month number _ 213 169 170 379 206 222 106 Ordered from manufacturers number 27 204 49 216 13 60 Building in R. R. shops (end of month) ... number +5.3 83 81 77 35 38 40 Shipments, locomotives: 117 -0.6 99 104 162 88 Grand total. number 121 163 Domestic number 157 53 101 +27.6 76 86 107 123 88 +44.6 41 Steam number 69 146 68 96 101 12 13 ! -50.0 Electric . .number.. 11 11 18 7 22 16 -87.5 Total foreign rmtribe'r 12 5 45 18 14 40 Unfilled orders (end of month) : 461 +36.4 414 414 Grand total number 708 572 780 653 375 +36.5 Domestic number 366 369 685 611 559 £02 324 +43.7 Steam number 322 318 635 557 442 506 44 51 -16.7 54 51 Electric number 50 53 60 86 +35.7 48 Total foreign number 95 45 97 94 70 27 47.4 Exports number 39 13 38 58 38 20 Freight cars (Am. Ry. Assn.): 0.0 Owned end of month cars 2, 347, 275 2,344,016 2, 345, 508 2, 346, 242 2, 341, 109 2, 346, 687 2, 350, 697 208, 908 207, 626 208, 339 +0.1 Capacity mills, of Ibs 210, 569 210, 171 210, 009 210, 362 +0.3 186, 539 In bad order, end mo cars 185, 047 186,417 157,405 158, 160 161, 959 162,470 8.1 8.1 0.0 Per cent of total in use per cent 6.8 7.0 8.0 6.8 7.0 16, 007 +66.4 11, 768 15,024 Installed during month cars 4,386 4,607 7,665 12, 067 -17.5 7,867 9,453 Retired during month .cars 10, 612 7,396 6,100 4,677 -32.7 10, 312 5,388 Ordered from manufactures cars _ 13, 776 11, 531 11,353 7,640 Shipments by manufacturers (I. C. C.): 8,365 10, 718 +27.6 6,904 8,811 3,618 3,299 10, 335 Total .cars.. 10, 503 +35.2 7,031 9,881 3,451 2,968 6,412 8,668 Domestic.. _ cars.. Building in railroad shops 5,572 +6.3 5,285 4,878 5,323 (end of month) cars 10, 080 10, 718 Passenger cars: 78 111 -29.6 152 107 547 217 90 Ordered from manufacturers _ cars . . Shipments by manufacturers (I. C. C.): 45 -30.3 126 68 62 176 165 115 Total . cars.. 45 -38.2 102 68 126 157 62 165 Domestic cars.. 2 R e vised. i Cuimulative t hrough Fe b. 28. -1.9 +0.1 -12.2 -10.5 +40.0 +31.4 +92.5 II -48. 1 -4.7 +0.8 12.8 -13.6 -49. 0 -35.3 +63. 4 -17.8 -17.5 1 1 29,418 27,415 19, 014 18,048 1 -35.4 -34.2 +119.7 -3.6 279 476 ! +70.6 +155. 6 +126. 7 175 175 456 1+160.6 424 ,+142.3 46 TREND OF BUSINESS MOVEMENTS—Continued 1926 1935 PER CENT INCREASE (+) OR 1935 DECREASE (— ) The cumulatives shown are through March except where 'otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey'* December January 27, 807 1,767 36, 238 2,411 February March January February March CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 March March, 1926, from from Febru- March, ary 1925 1935 Perct. increase ( ort> decrease (-) cumulative 1926 from 1925 1926 TRANSPORTATION-Continued Passenger Travel National parks: Visitors Automobiles entered Arrivals from abroad: Immigrants United States citizens Departures abroad: Emigrants United States citizens Passports issued . _ .number __ number.. 38, 292 852 38, 713 2,265 number . _ _ .number __ 21, 089 18, 027 19, 072 19, 695 20,041 23, 687 number.. number _ . .number __ 8,840 19, 270 8,172 5,286 25, 987 9,054 3,232 29, 108 8,411 58, 923 13, 686 58, 189 14, 115 10, 510 12, 957 1,652 45, 700 1,267 58, 082 3,171 +6.8 -6.1 -15.3 +78.8 i 183, 992 2, 119 1 1 1 i1 39, 113 43, 382 -6.6 +8.0 i 8, 518 55, 095 33, 967 -17.1 +20.4 +3.7 114, 698 i 27, 863 +12.5 +14.8 74, 951 -10.8 i 4, 676 +120.7 20, 952 16, 987 20, 913 23, 186 26, 619 29, 228 +5.1 +20.3 -4.2 +2.2 6,183 22, 538 8,640 4,087 23, 211 8,816 4,993 24, 604 15,304 -38.9 +12.0 +96.2 -20.9 +25.4 +7.8 56, 509 13, 748 52, 023 12, 492 49, 890 11, 782 52, 762 12, 852 -2.9 -2.6 +13.3 +16.7 10, 430 12, 767 1,450 9,837 12, 073 1,226 9,392 11, 593 1,596 8,820 10, 869 1,340 9,821 12, 071 1,816 -5.7 -5.4 -15.4 +11.5 +11.1 -8.5 1 18, 212 122,462 i 2, 936 i 20, 267 i 24, 840 12,676 +11.3 +10.6 -8.9 6,153 1,977 4,176 6,117 1,958 4,160 5,593 1,894 3,699 5,572 1,695 3,877 4,282 1,741 3,241 5,364 2,040 3,324 -8.6 —3 3 -11.1 +12.3 +8.8 +14.1 J 10, 554 >1 3, 366 7, 118 * 11,710 i 3, 852 1 7, 859 +11.0 +12.1 +10.4 438 5,720 145, 300 438 5,679 153, 300 411 5,182 143, 800 450 5,122 135, 800 384 4,598 124,800 400 4,964 119, 000 -6.2 -8.8 -6.2 +7.1 +12.7 +15.2 260, 600 i 297, 100 +14.0 516 129 95 93 82 123.7 99.8 92.7 513 262 94 92 83 123.2 98.8 92.9 515 270 94 94 86 125.3 101.4 94.1 101.8 95.0 497 208 88 90 82 117.5 98.5 92.6 505 211 87 92 83 119.6 100.0 93.9 511 226 87 92 83 120.1 98.9 93.6 61, 509 61, 296 61, 199 60, 465 65, 938 65, 505 64, 884 -1.2 -6.6 14, 983 291.3 100 92 89 14, 905 282.3 98 88 90 14, 720 302.3 97 92 93 14, 996 14, 048 263.9 86 88 88 14, 133 280.8 87 91 87 14, 532 279.1 88 91 87 +1.9 +7.1 +1.0 0.0 0.0 +3.2 +7.7 +11.4 +1.1 +6.9 29.05 116.4 235.2 187.8 105 103 104 29.05 114.3 228.6 188.8 104 100 104 28.58 118.4 240.5 189.3 104 103 104 29.03 116.4 28.29 111.9 224.0 189.5 98 99 104 27.97 113.9 234.1 189.1 101 101 102 28.45 110.9 231.7 188.9 101 101 102 +1.6 -1.7 +5.2 -2.4 +1.0 +1.0 -i.o +2.0 +5.0 +2.7 -2.2 +4.0 +3.0 +1.0 27.48 29.86 31.54 24.10 17.43 27.07 29.47 31.16 23.76 17.07 27.49 30.04 31.79 24.04 17.31 27.09 29.20 30.75 24.02 17.79 27.12 29.35 30.96 23.81 17.70 27.19 29.45 31.09 23.86 17.62 +1.6 +1.9 +2.0 +1.2 +1.4 +1.4 +2.4 +2.7 +1.0 -2.2 49.9 49.1 49.9 48.5 49.8 48.9 49.8 48.5 49.9 48.6 49.9 48.6 -0.2 +0.8 -0.2 +0.6 48 48 27 25 25 37 38 43 51 38 50 45 46 27 28 25 36 36 42 51 37 50 57 42 28 26 27 39 35 41 51 38 50 44 52 22 21 28 34 36 39 52 36 50 45 46 23 26 29 41 39 39 51 38 50 48 44 25 24 28 36 41 43 53 38 50 -1.8 +16.7 +10.0 +4.5 +7.1 +20.0 0.0 -7.7 0.0 —3. 6 -2.6 +5.6 +2.9 -12.2 +7.3 +2.3 0.0 +3.9 -2.6 -2.6 0.0 0.0 146 126 190 120 70 174 138 237 139 75 158 108 222 120 75 174 142 232 147 70 163 139 222 132 57 145 126 189 134 65 —9 2 -3.1 -2.1 -22.3 0.0 -6.3 -3.7 -9.1 0.0 +31.6 16, 502 41, 865 40, 173 ' 10, 270 i 45, 749 32, 760 1 PUBLIC UTILITIES Telephone companies: Operating revenues _ thous. of dolls __ Operating income thous. of dolls.. Telegraph companies: Commercial telegraph tolls-thous. of dolls.. Operating revenue thous. of dolls __ Operating income thous. of dolls __ Electric power production: Total. ._ .-mills, of kw. hours.. By water power .mills, of kw. hours __ By fuels mills, of kw. hours __ In street rys. mfg. plants, etc mills, of kw. hours.. In central stations mills, of kw. hours.. Gross revenue sales thous. of dolls __ 1 1 101, 913 ' 24, 274 1 EMPLOYMENT AND WAGES Employment in factories: New York State thousands.. New Jersey (rel. to 1923) .. .index number.. Pennsylvania (rel. to 1923) .index number __ Delaware (rel. to 1923) index number.. Wisconsin (rel. to 1915) index number. . Illinois (rel. to 1922) index number.. Massachusetts (rel. to 1914) .index number.. Federal civilian employees, Washington, D. C., end mo number-Total pay roll: New York State thous. of dolls _ . Wisconsin (rel. to 1915) index number.. New Jersey (rel. to 1923) .. .index number.. Pennsylvania (rel. to 1923) .index number.. Delaware (rel. to 1923) index number.. Average weekly earnings (State reports) : New York State dolls.. Illinois (rel. to 1922) index number.. Wisconsin (rel. to 1915) index number __ Massachusetts (rel. to 1914) .index number. _ New Jersey (rel. to 1923) .. .index number.. Pennsylvania (rel. to 1923) .index number.. Delaware (rel. to 1923) index number.. Average weekly earnings (National Industrial Conference Board): Grand total (both sexes) dollars.. Total male dollars.. Skilled male dollars.. Unskilled male dollars.. Total women dollars.. Average weekly hours: Nominal (both sexes) .'...hours.. Actual (both sexes) hours. . Wages of common labor by geographic divisions: New England cents per hour.. Middle Atlantic cents per hour.. South Atlantic cents per hour.. East South Central cents per hour.. West South Central cents per hour.. East North Central cents per hour.. West North Central cents per hour.. Mountain cents per hour _ . Pacific .. cents per hour__ United States average cents per hour.. Wage rates, U. S. Steel Corp.. .cents per hour-Applicants per 100 jobs, employment agencies: United States average number _ _ Eastern States number.. Central States number-Southern States number.. Western States number.. * Cumulative through Feb. 28. 517 270 93 93 86 98 92 93 184.8 105 104 103 56 46 30 24 27 38 36 44 53 37 50 +1.2 +0.4 0.0 +19.5 -1.1 +7.0 -1.1 +1.1 +3.6 0.0 +4.8 +1.6 +0.4 +2.9 +1.5 +1.0 .......... I ij 1 47 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December 1926 January February PER CENT INCREASE (+) OR DECREASE (— ) 1925 March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 192G 1925 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 DISTRIBUTION MOVEMENT Retail Sales Mail-order houses: Total sales, 4 houses thous. of dolls Total sales, 2 houses _.thous. of dolls.. Sears, Roebuck & Co _thous. of dolls.. Montgomery Ward & Co- -thous. of dolls.. Ten-cent chain stores: Total sales thous. of dolls Total stores operated number F. W. Woolworth & Co thous. of dolls.. Stores operated number S. S. Kresge Co thous. of dolls Stores operated number McCrory Stores Corp thous. of dolls.. Stores operated number S. II . Kress & Co thous. of dolls Stores operated number €hain stores: GroceriesSales. thous. of dolls . Stores operated number DrugSales thous. of dolls Stores operated number CigarSales-. _ _ _- .thous. of dolls _ Stores operated number. _ ShoeSales, thous. of dolls Stores operated number MusicSales thous of dolls Stores operated number Candy— Sales thous of dolls Stores operated number Restaurant chains: Total sales thous. of dolls.. Total stores operated number Childs Co., sales thous. of dolls.. Waldorf System (Inc.), sales thous. of dolls.. Other chain stores: J. C. Penny Co thous. of dolls.. Storos operated number United rCigar Stores Co thous. of dolls.. Sto es operated number A. Schulte (Inc.) ..thous. of dolls.. Stores operated number Owl Drug Co thous. of dolls.. Stores operated number 61, 299 53, 311 30, 522 22, 789 42, 401 37, 858 22, 591 15, 267 40, 588 36, 268 21,423 14, 845 47, 508 40, 262 21, 996 18, 266 39, 337 34, 746 22, 082 12, 664 38, 418 33, 756 21, 033 12, 723 43, 642 35, 837 19, 817 16, 020 +17.0 +11.0 +2.7 +23.0 +8.9 +12.3 +11.0 +14.0 121, 397 104, 339 62, 932 41, 407 130, 497 114, 388 66, 010 48, 378 +7.5 +9.6 +4.9 +16.8 71, 258 2,065 39, 330 1,420 17, 984 298 5,337 181 8,607 166 27, 767 2,078 15, 168 1,423 7,451 305 2,102 183 3,046 167 28, 428 2,084 15, 478 1,423 7,496 312 2,174 182 3,280 167 33, 279 2,094 18, 309 1,431 8,472 316 2,654 180 3,844 167 25, 307 1,957 14, 205 1,366 6,672 259 1,703 176 2,796 160 26, 130 1,969 14, 853 1,371 6,644 262 1,783 176 2,850 160 29,684 1,982 16, 917 1,381 7,453 267 2,021 174 3,293 160 +17.1 +0.5 +18.3 +0.6 +13.0 +1.3 +22.1 -1.1 +17.2 0.0 +12.1 +5.7 +8.2 +3.6 +13.7 +18.4 +31.3 +3.4 +16.7 +4.4 81, 121 89, 474 +10.3 45, 975 48, 955 +6.5 20, 769 23, 419 +12.8 93, 064 24, 190 80, 137 24, 327 81, 012 24, 471 84, 660 24, 649 70, 161 20, 033 65, 368 20, 385 70, 792 '20,835 +4.5 +0.7 8,809 615 6,978 612 6,735 622 7,671 623 '6, 066 528 5,730 528 6,285 531 +13.9 +0.2 12, 536 3,259 7,545 3,265 7,544 3,266 8,442 3,270 7,255 2,817 7,026 2,809 4,398 521 2,524 522' 2,274 522 3,340 529 2,499 451 1,939 60 911 60 932 61 1,013 59 2,396 234 2,028 232 2,101 229 3,446 226 2,275 3,246 226 2,120 1,171 5,507 6,930 +25.8 8,939 10, 1 70 +13.8 +19.6 +18.3 206, 321 245, 809 +19.1 +22.1 +17.3 18, 081 21, 384 +18.3 7,786 2,884 +11.9 +8.4 +0.1 +13.4 22, 067 23, 531 +6.6 2,334 456 2,968 462 +46.9 +1.3 +12.5 +14.5 7,801 8,138 +4.3 831 54 893 55 946 54 +8.7 -3.3 +7.1 +9.3 2,670 2,856 +7.0 2,504 236 1,966 178 2,123 195 2,283 196 +19.2 +3.1 +9.7 +20.4 6,372 6,633 +4.1 2,971 226 1,926 3,291 227 2,141 3,083 219 1,983 2,826 219 1, 83V 3,090 219 2,005 +10.8 +0.4 +11.2 +6.5 +3.7 +6.8 8,999 9,508 +5.7 5,825 6,187 +6.2 1,126 1, 045 1,150 1,100 989 1,085 +10.0 +6.0 3,174 3,321 +4.6 12,6v,3 676 9,187 2,980 3, 234 268 1, 886 88 4,970 671 5, 608 2,985 1, 895 269 1,261 88 5,478 671 5,610 2,984 1,894 271 1, 194 88 7,975 687 6,267 2,986 2,133 273 1,367 88 3,929 568 5,389 2,547 1,808 256 1,327 84 4,258 569 5,211 2, 537 1, 759 258 1,242 84 6,050 582 5,829 2, 611 1,898 260 1,394 84 +45.6 +2.4 +11.7 +0.1 +12.6 +0.7 +14.5 0.0 +31.8 +18.0 +7.5 +14.4 +12.4 +5.0 -1.9 -t-S.S 14, 237 18, 423 +29.4 16, 429 17, 485 +6.4 5,465 5, 922 +8.4 3,963 3,822 -3.6 Magazine advertising thous. of lines 2,251 Newspaper advertising _. .thous. of lines 110, 410 National advertising in newspapers: Total thous. of lines 20, 733 Automobile advertivsing thous. of lines.. 3,058 Automobile accessories thous. of lines. . 530 Cigars, cigarettes, and tobacco thous of lines 1,525 Financial thous. of lines 967 Food, groceries, beverages__thous. of lines.. 2,383 Hotels and resorts thous. of lines 499 Household furniture thous. of lines.. 303 Men's clothing -thous. of lines. „ 180 Musical instruments thous. of dolls.. 227 2,490 Radio and electrical thous of line1? Railroads and steamships, .thous. of lines.. 1,649 Shoes thous. of lines 307 Toilet articles and medical preparations thous. of lines.. 3,371 Women's wear thous of lines 68 Miscellaneous thous . of lines. . 3,176 1,778 92, 797 ! ,145 91, 497 2,372 113, 772 1,537 101, 733 1, 975 85, 902 2, 222 106, 284 +10.6 +24. 3 +6.8 +7.0 5, 734 293, 919 6, 295 298, 066 +9.8 +1.4 z±, 543 6,063 760 27, 339 6,327 507 32, 766 6, 827 845 +19.9 +7.9 -1-66. 7 1,621 1,153 2, 610 413 150 30 86 1,310 1,401 56 2,084 823 3, 557 262 251 81 223 1,316 1,221 56 2,003 1, 154 4,409 279 681 369 244 1,242 1,239 240 -3.9 +40.2 +24.0 +6.5 +171.3 +355. 6 +9.4 -5.6 +1.5 +328. 6 5,905 26 2,959 7,137 63 3, 431 8,504 293 4,437 +19.2 +365. 1 +29. 3 38, 656 29, 116 28, 088 33, 454 27, 271 25, 644 29, 085 82, 000 90, 658 +10.6 4,126 3,193 3,172 3,525 2,979 2,856 3,035 +11.1 +16.1 8, 870 9,890 +11.5 13, 221 101, 440 10, 607 78, 898 9,905 74, 312 12, 543 94, 968 11, 188 61, 179 10, 533 74, 014 12,909 91, 845 +26.6 +27.8 -2.8 +3.4 24,630 227, 038 33, 055 248, 178 +34.2 +9.3 3,546 35, 252 3,088 31, 189 2,990 30, 481 3,539 35,411 3,127 30, 563 2,960 28, 683 3,605 33, 512 +18.4 +16.2 -1.8 +5.7 9,692 92, 758 9,617 97, 081 -0.8 +4.7 Advertising 1 Postal Business Postal receipts, 50 selected cities ._ ..thous. of dolls Postal receipts, 50 industrial cities thous. of dolls.. Money orders: Domestic paid (50 cities)— Quantity ._ .number. _ Value thous. of dolls.. Domestic issued (50 cities)— Quantity number Value -_ ..thous. of dolls.. +19. 1 +15.0 48 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" PER CENT INCREASE (+) OR DECREASE (— ) 1925 1926 * December January February January February March March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 Per ct. increase (+> or deciease (-H cumulative 1926 from 1925 1926 I DISTRIBUTION MOVEMENT— Contd. Wholesale Trade Delinquent accounts, electrical trade: Amount _ .dollars. _ Number of firms __ number.. 184, 098 1,503 159, 038 1,339 137, 517 1,552 198, 223 1,336 222, 768 1,897 223, 649 1,456 +62.0 231, 911 1,806 +22.2 -3.9 5.0 '- Sales Tax Receipts Internal-revenue taxes collected: Firearms and shells thous. of dolls. . Jewelry, watches, and clocks thous of dolls Theater admissions thous. of dolls.. Bonds and stocks issued and conveyances thous. of dolls.. Capital stock transfers thous. of dolls.. 304 100 81 48 170 120 139 -40.7 -65.5 429 229 -46. 6 713 2,688 1,863 2,190 1, 053 2,140 608 2,604 1,602 2, 276 1,110 2,127 522 2,229 -42.3 +21.7 +16.5 +16.8 3,234 6,632 3,524 6,934 +9.0 +4.6 2,699 1,802 « 3,017 1,629 2,667 1,639 2,408 1,363 2,633 1,556 2,280 1,513 2,457 1,201 -9.7 -16.8 -2.0 +13.5 7,370 4,270 8,092 4,631 +9.8 +8. 5 193, 932 241, 020 653, 943 844, 659 152 190 848,027 1, 085, 869 178, 402 618, 425 178 797, 005 185, 907 219, 283 732, 120 809, 517 114 129 918, 141 1, 028, 929 +24.3 +29.2 +25.0 +28.0 +9.9 +4.3 +47.3 +5.5 583, 592 2, 160, 062 421 2, 744, 075 620, 894 2, 315, 848 542 2, 937, 284 +6.4 +7. 2 +28.7 +7.1 900, 125 1, 129, 936 52, 250 44, 257 844, 304 47, 477 940, 796 1, 055, 816 22, 769 27, 016 +25.5 -15.3 +7.0 +63.8 2, 840, 916 97, 262 3, 074, 043 137, 301 +8. 2 +41.2 611, 376 736, 527 174, 782 230, 203 83, 088 72, 368 869, 246 1, 039, 098 537, 504 147, 441 68, 969 753, 914 558, 754 177, 666 36, 728 773, 148 668, 447 193, 604 40, 822 902, 874 +20.5 +31.7 -12.9 +19.5 +10.2 +18.9 +77.3 +15.1 1, 764, 705 518, 711 146, 519 2, 429, 936 1, 918, 522 632, 143 211, 736 2,762,401 +8.7 +21.9 +44.5 +13.7 123, 456 37, 801 8,107 169, 364 116, 835 36, 550 4,171 157, 556 116,975 32, 901 3,125 153, 000 128, 544 37, 022 9,173 174, 738 +15.1 +14.7 -40.6 +12.4 +10.6 +17.1 -47.5 +8.9 362, 354 106, 473 16, 469 485, 294 390, 294 122, 392 17, 928 530, 614 +15. a 8,549 8,606 8,673 3,377 1,456 1,921 3,410 1,460 1,950 3,449 1,474 1,975 3,811 1,026 2,057 620 108 3,547 1,082 1,922 441 102 3,561 1,078 1,927 454 102 3,583 1,067 1,939 474 102 1,129 625 1,027 599 1,032 602 1,039 603 BANKING AND FINANCE Life Insurance (Association of Life Insurance Presidents') Policies, new (45 companies) : Ordinary _ number of policies.. 272, 239 185, 942 Industrial number of policies. _ 824, 881 817, 246 Group number of contracts 485 200 Total number of policies and contracts __ 1, 097, 605 1, 003, 388 Policies and certificates issued: Total policies and certificates number.. 1, 272, 811 1, 043, 982 Group insurance certificates. ..certificates.. 175, 691 40, 794 Amount of new insurance (45 companies) : Ordinary. thous. of dolls 735, 325 570, 619 Industrial thous of dolls 223, 883 227, 158 Group thous. of dolls 314, 396 56, 280 Total insurance thous of dolls 1, 273, 604 854, 057 Premium collections (45 companies) : Ordinary thous. of dolls.. 157, 858 124, 695 Industrial thous. of dolls.. 65, 018 41, 247 Group. thous. of dolls_. 7,100 5,007 Total thous. of dolls.. 229, 976 170, 949 Admitted life insurance assets (41 companies) : Grand total mills, of dolls.. 9,394 9,481 Mortgage loans— Total. mills, of dolls 3,864 3,913 ^Farm _ mills, of dolls 1,523 1,527 'All other.... mills, of dolls . 2,341 2,386 Bonds and stocks (book values)— Total mills, of dolls.. 3,779 3,807 Government mills, of dolls.. 1,045 1,043 Railroad mills, of dolls.. 2,034 2,046 Public utilities . mills, of dolls 588 607 All other. mills, of dolls 112 111 Policy loans and premium notes mills, of dolls.. 1,113 1,122 Other admitted assets ..mills, of dolls.. 638 639 142, 143 43, 344 4,814 190, 301 9, 546 I | 3,961 1,533 2,428 +7.7 +8.9 +9.3 II j 1| (Life Insurance Sales Research Bureau) Sales of ordinary life insurance United States total Eastern manuf. district Western manuf. district Western agric. district Southern district _ Far Western district- . . Banking (81 companies) : thous. of dolls 804, 684 thous. of dolls.. 296, 151 thous. of dolls.. 173, 510 thous. of dolls 133, 997 thous. .of dolls. 116, 231 thous. of dolls 84, 795 Debits to individual accounts: New York City mills, of dolls.. Outside New York City.. ..mills, of dollsBank 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 investments mills, of dolls.. Total reserve ...mills, of dolls.. Total deposits .mills, of dolls.. Reserve ratio per cent.. Federal reserve member banks: Total loans and discounts. ..mills, of dolls.. Total investments mills, of dolls.. Net demand deposits mills, of dollsInterest rates: t^ New York call loans .__ per cent.. Cormnercial paper 4-6 mos per cent.. 572, 639 241, 508 121, 408 85, 239 68, 874 55, 610 640, 775 266, 359 140, 076 96, 704 78, 835 58, 801 790, 669 314, 969 177, 861 121, 290 97, 904 78,645 559, 916 238, 217 120, 740 81, 576 62, 662 56, 721 611, 480 259, 837 131, 410 92, 432 72, 367 55, 435 702, 994 284, 997 152, 821 111, 129 85, Oil 69, 036 +23.4 +18.2 +27.0 +25.4 +24.2 +33.7 +12.5 +10.5 +16.4 +9.1 +15.2 +13. 9 1, 874, 390 783, 051 404, 971 285, 137 220,040 181, 192 2, 004, 083 822, 836 439, 345 303, 233 245, 613 193,056 +6.& +5.1 +8.5 +6.3 +11.6 +6.5 30, 313 24, 058 30, 538 23, 581 24, 813 20, 016 33, 006 23, 432 27, 682 22, 277 22, 924 18, 571 26, 382 21, 219 +33.0 +17.1 +25.1 +10.4 76, 988 62,067 88, 357 67, 029 +14. & +8.0 26, 959 20, 013 27, 101 19, 631 21, 453 16, 583 28, 092 19, 502 26, 721 18, 589 21, 057 15, 738 23, 349 17, 855 +30.9 +17.6 +20.3 +9.2 71, 127 52, 182 70, 646 55, 716 -0.7 +6.8 750 1,835 751 2,822 2,357 67.3 449 1,667 670 2,953 2,272 75.0 540 1,679 645 2,917 2,262 74.0 632 1,656 593 2,920 2,323 73.4 274 1,684 715 3,083 2,265 78.0 434 1,729 696 3,030 2,270 75.8 378 1,709 663 3,008 2,184 77.3 +17.0 -1.4 -8.1 +0.1 +2.7 -0.8 +67.2 -3.1 -10.6 —2.9 +6.4 -5.0 14, 235 5,462 13, 261 13, 949 5,478 13, 034 13, 930 5,492 12, 935 14, 052 5,495 12, 901 13, 051 5,488 13, 014 13, 143 5,396 12, 932 13, 140 5,478 12, 588 +0.9 +0.1 -0.3 +6.9 +0.3 +2.5 5.45 4.38 4.50 4.38 4.94 4.13 4.59 4.25 3.63 3.63 3.81 3.66 4.00 3.94 -7.1 +2.9 +14.8 +7.9 49 TREND OF BUSINESS MOVEMENTS—Continued 1925 1926 PEE CENT INCREASE (+) OR 1925 DECREASE (— ) The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December January February March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 1926 Perct. increase ( -y or decrease (-) cumulative 1926 from 1925 BANKING AND FINANCE— Continued Savings Deposits U. S Postal Savings New York State savings banks 133, 235 thous. of dolls thous of dolls 134, 091 134, 997 134, 926 133, 892 -0.1 +0.8 3, 602, 675 3, 593, 530 3, 625, 038 3, 671, 730 3 409, 097 3, 417, 732 3, 462, 469 +1.3 +6.0 133, fl2 134, 033 Public Finance Government debt: Interest-bearing Total gross debt - . _ _ Short-term debt Customs receipts , Total ordinary receipts Expenditures chargeable to ordinary receipts Money in circulation: Total Per capita _. _ mills, of dolls .mills, of dolls ._ mills, of dolls thous. of dolls _ _ thous. of dolls 19, 983 20, 248 6,033 46, 223 602, 575 20, 020 20, 283 6,070 46, 399 186, 283 20,015 20, 276 6,069 47, 615 179, 296 19, 814 20, 083 5,369 54, 891 657, 621 20, 789 21.057 7,122 46, 9G8 171, 600 20, 658 20, 981 6,992 46, 190 173, 632 20, 608 -1.0 20, 932 -1.0 6,651 -11.5 53, 858 +15. 3 600,738 +266. 8 -3.9 -4.1 -19.3 +1.9 +9.5 147, 016 945, 970 148, 905 1, 023, 200 +1.3 +8.2 thous. of dolls 433, 968 232, 847 151, 877 466, 240 292, 457 161, 286 385,129 +207. 0 +21.1 838, 872 850, 964 +1.4 5,008 43.62 4,740 41.24 4,814 41.84 4,806 41.73 4,752 41. 86 4,804 42.28 4,776 41.99 43, 661 34,176 30, 623 54, 354 40, 123 34, 005 -10.4 -9.9 128, 482 108, 460 -15.6 16, 094 21, 512 6,056 10, 822 20, 317 3, 037 9,862 18, 623 2,138 * 25, 894 11,909 24, 655 17, 790 15, 334 21,067 3,722 13, 375 17, 595 3, 035 * 43, 926 -8.9 -8.3 -29.6 -60.9 -26.3 +5.8 -29.6 -41.1 40. 618 63, 317 24, 547 36, 778 60, 452 11,231 -9.5 -4.5 -54.2 2,296 510 1,696 90 1,801 447 1,282 72 1,984 469 1,424 91 *94 2,317 480 1,757 89 1,793 409 1, 285 99 1,859 429 1, 345 85 4 144 +10.2 +4.9 +11.1 +26.4 -42. 3 +6.7 +9.3 +5.9 +7.1 -34.7 5,969 1,318 4,387 273 6,081 1,426 4,402 253 +1.9 +8.2 +0.3 -7.3 509, 250 218, 715 332, 222 426, 075 202, 200 333, 380 405, 250 +28.3 +5.1 1, 399, 455 1, 486, 262 +6.2 166,500 67, 995 28, 775 18, 015 83,215 45, 575 30,215 7, 425 90, 972 53, 325 32, 575 5,070 99, 575 63, 075 26, 175 10, 325 80, 400 44, 150 29, 100 7,150 87, 980 51, 900 31, 200 4,800 +95 95, 000 60,500 +18. 3 25, 025 -19.6 9, 475 +103. 6 +4.8 +4.3 +4.6 +9.0 421, 505 221, 159 112, 475 38, 225 440, 262 229, 970 117, 740 40, 835 +4.5 +4.0 +4.7 +6.8 mills, of dolls dollars. . Busineis Failures Liabilities: Total commercial thous. of dolls.. 36, 528 M anuf acturing 12, 931 establishments.. .. thous. of dolls _ _ Trade establishments thous. of dolls.. 20, 635 2,962 Agents and brokers thous. of dolls. . e 66, 301 Banks (quarterly) thous. of dolls Firms: 1,878 Total commercial number Manufacturing establishments _ . .number. . 490 1,307 Trade establishments number 81 Agents and brokers number _ _ Banks (quarterly) number • 163 -0.2 -0.3 1 +0.6 -0.6 Dividend and Interest Payments (For the following month') Grand total _ _ thous. of dolls.. Dividend payments: Total... thous of dolls.. Indus, and misc. corp thous. of dolls.. Steam railroads thous. of dolls. _ Street railways thous. of dolls Aver, payments on industrial stocks (qtly ) dolls per share 4 8 8 32 4 7.15 6. 52 -14.1 +9.7 New Securities Issues 24, 972 Foreign governments . .thous. of dolls . 3,800 Total corporation ( Commercial and Financial 518, 359 614, 459 414, 188 Chronicle") thous of dolls Purpose of issue474, 903 545, 843 381, 093 New capital thous. of dolls 68, 707 33, 095 Refunding thous.of dolls . . 43, 458 Kinds of issue171, 742 126, 150 Stocks thous. of dolls , 161, 919 Bonds and notes thous, of dolls 356, 441 442, 807 288, 039 Class of industry23, Oil Railroads thous of dolls 46, 670 35, 000 149, 658 Public utilities thous. of dolls .. 182, 164 206, 246 162, 237 151, 052 Industrials thous . of dolls . . 109, 600 43, 857 Oil thous. of dolls 6,930 20, 500 42, 313 58, 331 62, 086 Land and buildings thous. of dolls .. 81, 229 Shipping' and misc thous. of dolls . . 109, 010 30, 040 Total corporation (Journal of 273, 977 Commerce) thous. of dolls 546, 870 351, 662 States and municipalities: 77, 567 146, 872 Permanent loans thous. of dolls.. 166, 273 79, 824 141, 732 Temporary loans thous of dolls 23, 866 New corporations _ . thous. of dolls.. 1, 020, 548 1, 040, 096 2, 675, 185 21, 500 8,000 62, 500 -23.2 98, 500 50, 272 -49.0 480, 400 508, 598 503, 553 352, 606 +16.0 +36.2 1, 364, 757 1, 502, 637 +10.1 443, 232 37, 168 413, 404 95, 193 450, 171 53, 382 282, 355 70, 251 +16.3 +12.3 +57.0 -47.1 1, 145, 930 218, 826 1, 370, 168 138, 970 +19.6 -36.5 181, 291 299, 109 70, 401 438, 197 102, 701 400, 852 80, 278 272, 328 +43. 7 +125. 8 +3.8 +9.8 253, 380 1, 111, 377 479, 183 1, 029, 955 +89.1 -7.3 31, 930 137, 426 95, 366 104, 750 55, 505 48, 923 22, 992 237, 725 85, 773 76, 400 53, 893 31, 815 112,045 205, 324 94, 649 18, 435 39, 283 33, 817 38, 833 171, 557 51, 962 6,900 60, 972 22, 382 +38.8 -8.2 -41.2 -17.8 -19.9 +83.5 +31.2 -9.0 +62.9 +118. 6 173, 870 614, 606 232, 384 101, 735 154, 148 88, 014 101, 611 493, 330 408, 655 155, 537 156, 149 160, 192 -41. 6 -19.7 +75.9 +52.9 +1.3 +82.0 301, 137 473, 272 383, 645 324, 254 -14.4 -7.1 1, 181, 171 1, 199, 669 +1.6 111, 332 17, 736 748, 505 121, 373 53, 375 677, 712 78, 332 57, 620 431, 200 110, 490 90, 658 806, 402 -24.2 -25.7 -72.0 +0.8 -80.4 —7.2 310,195 201, 653 1, 915, 314 +8.2 335, 771 121, 426 -39.8 4, 463, 786 +333. 1 935, 330 454, 393 . 944, 995 464, 874 954, 265 477, 082 28, 000 +465. 8 Agricultural Finance Loans outstanding, end mo.: Federal farm loan banks thous of dolls 1, 005, 685 1, Oil, 088 1, 019, 486 567, 544 555, 756 545, 559 Federal intern) ediate credit Warfinancecorporation 80, 052 15, 565 79, 935 14, 637 81, 574 13, 861 83, 991 13, 089 63, 258 38, 233 61, 034 36, 358 59, 095 34, 291 +3.0 -5.6 +42.1 -61.8 177. 74 92.45 121. 84 179. 90 92.40 120. 42 179. 55 90.83 119. 92 158. 05 87.35 106. 63 135. 38 79.97 105.06 138. 48 80.90 105. 64 136. 96 79.07 99.78 -12.0 -3.8 -11.1 +15.4 +10.5 +6.9 39, 088 42, 876 thous. of shares.. « Quarter en ding Mar. 31. 35, 462 52, 040 41, 431 thous. of dolls. . Stocks and Bonds Stock prices, av. daily closing: 25 industrials, average dolls, per share.. 103 stocks average Stock sales: N. Y. Stock Exchange dolls per share 38, 568 +46.7 +34.9 32, 750 « Quarter ending E ec. 31, IS 25. 112,749 1 126,590 +12.3 50 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. ^Earlier data for items shown here may be found on pages 26 to 151 of & the February, 1926, "Survey" December 1926 PEE CENT INCREASE (+) OR DECREASE (— ) 1925 January February March January February March March March, 1926, from from Febru- March, ary 1925 CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 1925 Perct. increase (+) or decrease (-) cumulative 1926 from 1925 1926 BANKING AND FINANCE— Continued Stocks and Bonds— Continued Bond sales: 230, 939 Miscellaneous thous. of dolls Liberty- Victory . _ - . thous. of dolls -. 36,911 Total -thous. of dolls_. 267, 850 Bond prices: 86.90 Highest-grade rails.p. ct. of par, 4% bond.. 78.28 Second-grade rails.. p. ct. of par, 4% bond.. 70.92 Public utility p. ct. of par, 4% bond.. Industrial . -p. ct. of par, 4% bond.. 75.81 77.56 Comb. price index., p. ct. of par, 4% bond.. 262, 897 29, 680 292, 577 218, 297 17, 938 236, 235 247, 061 27, 106 274, 167 303, 825 48, 638 352, 463 280, 237 26, 691 306, 928 281, 732 33, 316 315, 048 +13.2 +51 1 +16.1 -12.3 -18.6 -13.0 87.99 79.22 71.99 76.80 78.59 88.77 80.09 73.65 77.73 79.69 88.71 79.74 73.22 77.13 79.32 85.82 75. 12 70.63 74.61 76.07 86.37 76.00 71.26 75.16 76.82 86.98 75.50 70.03 74.90 76.38 -0.1 -0.4 -0.6 -0.8 -0.5 +2.0 +5.6 +4.6 +3.0 +3.8 865, 794 108, 645 974, 439 -15.9 -31.2 -17.6 728, 255 74, 724 802, 979 (For 1st of following month) 5 Liberty bonds p. ct. of par_. 16 foreign governments and city P- ct. of par. . Comb, price index, 66 bonds..p. ct. of par_. Municipal bond yield -_ percent... Long-term real estate bonds issued: Grand total thous. of dolls _. Purpose of issueFinance construction... thous. of dolls.. Real estate mortgage.. -thous. of dolls. . Acquisitions and improvements thous. of dolls. . Kind of structureOffice and other commercial thous. of dolls _ Hotels thous . of dolls . . Apartments thous. of dolls 101. 95 102. 35 102. 63 102. 61 102. 21 102. 11 102. 03 0.0 +0.6 102. 26 97.81 4.23 103. 26 98.77 4.17 103. 14 98.81 4.15 101. 80 98.38 4.14 103. 24 96.94 4.16 103. 14 97.23 4.11 102. 32 96.76 4.10 -1.3 -0.4 -0.2 -0.5 +1.7 +1.0 57, 808 53, 927 41, 153 50,370 48, 373 31, 258 53, 387 +22.4 -5.7 133, 018 145, 450 ft +9.3 34, 130 7,803 38, 767 8,663 32, 858 250 24, 950 9,640 23, 338 8,998 18, 178 9,210 39, 355 7,350 -24.1 -37.6 +31.2 80, 871 25, 558 96, 575 18, 553 +19.4 -27.4 9,405 4,522 2,750 5,230 14, 680 530 5,400 +90.2 -3.1 20, 610 12, 502 -39.3 18, 953 10, 995 13, 470 27, 342 9,490 11, 318 29, 550 1,650 3,258 16, 525 8,925 6,075 21, 693 10, 275 11, 268 7,220 6,320 4,058 25, 138 -44.1 8,115 +440. 9 7,602 +86.5 -34.3 +10.0 -20.1 54, 051 24, 710 22, 928 73, 417 20, 065 20, 651 +35.8 -18.9 -9.8 -21.4 -23.0 +10.8 +1.1 +10.8 +491. 7 +9.7 -83.2 242, 908 2,403 15, 978 149, 230 218, 327 2,383 88, 180 11, 163 -10.1 -0.8 +451. 9 -92.5 15, 517 18, 929 26, 135 15,431 20, 165 25, 848 -0.6 +6.5 -1.1 1, 064, 931 1, 250, 269 +17.4 I Corporation Stockholders (The following figures are quarterly) U. S. Steel Corp., common stock: Domestic -- number . 6 689, 057 1, 504 Foreign number.. Shares held by brokers per ct. of total.. 6 27. 60 American Telephone & Telegraph Co.: 242 Domestic - number. _ 6 357, Foreign number . 6 4, 347 GOLD AND SILVER Gold: Domestic receipts at mint fine ounces.. 94, 504 791 Rand output ..thous. of ounces . 7,216 Imports . thous. of dolls. . 5,968 Exports - thous. of dolls _ Silver: 4,931 Production .thous. of fine oz__ 5,747 Imports thous. of dolls.. 7,589 Exports -.thous. of dolls . Price at New York dolls, per fine oz_. .689 4 4 89 102 1, 575 29. 92 4 4 4 92, 552 1,490 26. 81 4 4 4 362, 093 4 4, 432 345, 451 4 3, 740 +0.1 -3.7 +4.7 +5.7 +8.4 +11.6 +1.4 +2.0 +4.8 +18.5 86, 054 796 19,351 3,087 74, 044 753 25,416 3,851 58, 229 834 43,413 4,225 87,030 824 5,038 73, 526 80, 294 754 3,603 50, 600 75, 584 825 7,337 25, 104 5,163 5,763 9,763 .678 5,043 8,863 7,752 .668 5,225 5,539 8,333 .659 5,509 7,339 11,385 .684 5,077 4,929 6,833 .685 4,931 6,661 7,917 .678 +3.6 -37.5 +7.5 -1.3 +6.0 -16.8 +5.3 -2.8 4.85 .037 .040 .045 .402 .268 .193 4.86 .038 .040 .045 .402 .268 .193 4.86 .037 .040 .045 .401 .268 .193 4.86 .036 .040 .042 .401 .268 .193 4.78 .054 .042 .051 .404 .270 .193 4.77 .053 .041 .051 .402 .269 .193 4.78 .052 .041 .051 .399 .270 .193 0.0 -2.7 0.0 -6.7 0.0 0.0 0.0 +1.7 -30.8 -2.4 -17.6 +0.5 -0.7 0.0 .432 .366 .442 .367 .454 .368 .454 .366 .385 .357 .391 .357 .410 .357 0.0 +10.7 -0.5 +2.5 1.000 .942 .142 .122 .998 .941 .148 .120 .997 .933 .148 .121 .996 .903 .145 .121 .997 .911 .117 .114 .999 .903 .113 .108 .999 .897 .110 .111 -0.1 -0.3 -3.2 +0.7 -2.0 +31.8 0.0 +9.0 416, 766 388, 503 445, 000 346, 165 333, 387 385, 379 +14.5 +15.5 111,210 12, 826 16, 006 8,555 34, 620 105, 318 12, 080 16, 548 6,774 37, 282 102, 809 13, 924 11, 402 8,463 35, 178 100, 916 14, 878 12, 068 8,262 33, 894 112, 097 14, 153 13, 080 9,512 40, 151 FOREIGN EXCHANGE RATES Europe: England France Italy Belgium Netherlands . Sweden Switzerland Asia: Japan India Americas: Canada Argentina Brazil Chile . -- dolls, per £ sterling-dolls, per franc _ _ dolls, per lire. . dolls, per franc. dolls, per guilder _ .. .dolls, per krone. . dolls, per franc. . dolls, per yen__ dolls, per rupee. _ dolls, per Canadian doll.. dolls, per gold peso.. dolls, per milreis.. dolls, per paper peso. . U. S. FOREIGN TRADE Imports Grand total . thous. of dolls. 397, 945 By grand divisions: Europe— 115, 642 Total thous. of dolls 15, 257 France • -thous. of dolls. _ Germany thous. of dolls.. 21, 287 9,452 Italy thous. of dolls United Kingdom thous. of dolls ._ 36, 746 i Cumulative through Feb. 28. ( Quarter ending Mar. 31. 8 i 203, 725 * 28, 802 i 23, 470 i 16, 725 169,072 Quarter ending Dec. 31, 1925. 1 216, 528 24, 906 32, 554 15, 329 i 71. 902 1 1 1 +6. a -13.5 +38.7 -8.3. +4.1 51 TREND OF BUSINESS MOVEMENTS—Continued 1925 The cumulatives shown are through March except where otherwise noted. Earlier data for items shown here may be found on pages 26 to 151 of the February, 1926, "Survey" December 1926 January February PER CENT INCEEASE (+) OR DECREASE (— ) 1925 March January February March CUMULATIVE TOTAL FROM JAN. 1 THROUGH MAR. 31 March March, 1926, from from Febru- March, ary 1925 1925 1926 Per ct. increase (+) or decrease (-) cumulative 1926 from 1925 U. S. FOREIGN TRADE— Continued Imports— Continued By grand divisions— Continued. North America— Total thous. of dolls Canada thous. of dolls South AmericaTotal thous. of dolls. _ Argentina thous. of dolls Asia and OceaniaTotal thous. of dolls Japan thous. of dolls Africa, total .__ ._ thous. of dolls. _ By class of commodities: Crude materials-. thous. of dolls. _ Footstuffs, crude, and food animals. thous. of dolls. _ Manufactured foodstuffs.. .thous. of dolls.. Semimanufactures thous. of dolls Finished manufactures thous. of dolls. _ 79, 338 42, 676 73, 559 35, 576 87,047 37, 646 77, 531 32, 963 83, 214 33, 620 91, 297 34, 444 47, 929 7,146 53, 518 7,678 51, 955 9,412 42, 254 6,523 43, 981 10, 212 58, 451 8,584 1 160, 745 66, 583 1 1 145, 047 39, 177 9,989 162, 083 40, 407 16, 397 132, 612 33, 177 11, 571 112, 920 33, 286 10, 651 92, 232 23, 159 13, 044 113, 397 28, 291 10, 245 1 175, 727 201, 092 174, 020 149, 850 130, 588 142, 211 1 160, 606 73, 222 -0.1 +10.0 1 i1 86, 235 16, 735 1 1 105, 473 17, 090 +22.3 +2.1 205, 152 i 56, 445 23, 695 1 294, 695 i1 73, 584 27, 968 +43.6 +30.4 +18.0 280, 438 1 1 375, 112 +33.8 74, 840 i 72, 106 1 126, 757 1 125, 403 1 90, 742 * 64, 824 1 143, 984 1 130, 607 +21.2 -10.1 +13.6 +4.1 1, 270, 772 1, 125, 113 -11.5 251, 823 25, 690 51, 386 26, 063 84, 999 i 491, 667 i 52, 065 i 93, 384 i 45, 730 1 198, 897 i 371, 762 i1 51, 455 47, 703 i 27, 205 1 157, 993 -24.4 -1.2 -48.9 -40.5 -20.6 75, 052 39, 043 100, 297 51,179 i 152, 883 i 75, 974 * 167, 368 i 93, 413 +9.5 +23.0 31, 745 12, 893 25, 463 9,939 33,548 12, 212 i 57, 208 i 22, 832 i 73, 040 i 25, 823 +27.7 +13.1 56, 063 18, 934 7,032 345, 819 60,884 28, 094 6,582 440, 578 42, 565 15, 819 5,330 364, 831 58, 961 21, 388 8,805 445, 533 i 103, 449 143, 913 111,912 i 805, 409 122, 608 +18.5 i 42, 359 -3.5 i 15, 334 +28.7 1 733, 938 -8.9 113, 925 89, 317 169, 196 129, 333 121, 690 i 298, 529 1 21, 187 52, 675 55, 705 176, 619 15, 845 47, 788 51, 853 158, 708 12, 172 41, 837 47,917 154, 576 25, 885 54, 031 58, 597 133, 869 23, 488 46, 347 47, 781 117,882 31, 102 55, 597 64, 543 171, 553 i 49, 373 i 100, 378 i 106, 378 i 251, 751 i 28, 017 -43.3 i 89, 625 -10.7 i 99, 770 -6.2 1 313, 284 +24.4 i 140, 645 +17.4 i 174, 525 +18.6 48, 161 28, 937 67, 595 74, 089 48, 632 28, 826 71, 140 67, 076 42, 110 35, 998 72, 844 63, 531 468, 645 397, 196 352, 917 246, 160 28, 218 35, 983 17, 479 114, 234 199, 794 29, 731 25, 537 14, 382 82, 159 96, 162 51, 649 38, 062 32, 332 63, 108 62, 813 36, 778 39, 774 63, 649 62, 590 50, 157 46, 848 75, 943 67,913 446, 443 370, 676 453, 653 171, 968 21, 724 22, 166 12, 823 75, 834 269, 401 29, 210 49, 599 22, 669 113, 137 222, 266 22, 855 43, 785 23, 061 85, 760 84, 780 47, 437 82, 588 45, 976 77, 831 36, 931 43, 545 16, 871 37, 775 14, 938 35, 265 10, 885 72, 929 26, 801 9,849 459, 506 66, 545 23, 425 8,302 388, 119 152, 490 1 Exports Grand total, including reexports thous. of dolls.. By grand divisions: EuropeTotal . thous. of dolls _ France thous. of dolls.. Germany thous. of dolls.. Italy thous. of dolls. _ United Kingdom thous . of dolls. . North America— Total thous. of dolls.. Canada _ _. thous. of dolls. _ South AmericaTotal thous. of dolls . Argentina thous . of dolls. _ Asia and Oceania— Total _ thous. of dolls.. Japan _. .. thous. of dolls _ Africa, total. ._ thous. of dolls. _ Total, domestic exports only.. .thous. of dolls.. By classes of commodities: Crude materials thous of dolls Foodstuffs, crude, and food animals thous. of dolls Manufactured foodstuffs thous. of dolls Semimanufactures _ _ _ thous. of dolls.. Finished manufactures thous. of dolls. _ Agricultural exports (quantities) : A 11 commodities _ index number. _ All commodities except cotton. _. index number.. 375, 000 +6.3 -17.3 1 203, 242 3^ g 139 111 88 149 114 123 143 123 105 149 120 150 76, 918 176, 399 69, 736 85, 716 70, 909 88, 809 58, 376 75, 999 61, 430 71, 164 84, 638 95, 888 * 119, 806 i 147,163 9,424 12, 461 5,522 2,668 3,929 2,580 10, 525 3,581 4,777 3,798 6,446 2,826 i 15, 302 i 7, 379 55 62 1,835 67 69 1,300 50 56 1,193 53 59 1,293 28 27 1,364 30 37 1,069 64 108 1,151 +6.0 +5.4 +8.4 -17.2 -45. 4 +12.3 122 172 3,584 170 184 3,786 +39.3 +7.0 +5.6 3,189 216 2,677 249 2,653 188 3,653 172 4,923 285 2,659 189 3,392 199 +37.7 -8.5 +7.7 -13.6 10, 974 673 8, 983 609 -18.1 -9.5 21, 000 1,665 10, 236 5,200 12, 615 8,725 105, 000 1,861 2,310 5,000 1,888 16,540 4,000 5,484 35, 460 39, 406 2,601 36, 175 95.2 4,588 +1.5 14, 560 +616. 0 -58.8 +13.6 43,406 12, 673 86, 195 136, 983 140, 165 18, 414 137, 140 12, 675 139, 688 136, 498 14, 602 125, 999 12, 669 135, 663 135, 505 13, 500 128, 965 13, 478 154, 093 153, 157 14, 800 121, 605 122, 234 20, 989 104, 654 8,935 115, 809 116, 780 20, 114 103, 857 11, 048 +13.6 +13.0 +9.6 +21.9 +22.9 -32.4 363, 866 363, 625 429, 444 425, 160 +18.0 +16.9 +46.8 +47.7 33, 376 45, 926 +37.6 CANADIAN TRADE AND INDUSTRY Total trade: Imports thous. of dolls Exports _ .thous. of dolls. _ Exports of key commodities (quantities) : Canned salmon thous. of pounds Cheese thous. of pounds.. Production: Pig iron thous. of long tons__ Steel ingots thous of long tons Bank clearings mills, of dolls.. Business failures: Liabilities thous. of dolls. _ Firms number Bond issues: Govt. and provincial ..thous. of dolls.. Municipal thous. of dolls Corporation thous. of dolls Newsprint paper: Production short tons.. Shipments short tons _ Stocks, end of month short tons Exports (total printing) short tons . Building contracts awarded thous. of dolls. _ 19, 779 i Cumulative through Feb. 28. O 126, 452 124, 611 21, 892 144,411 13, 393 1 9, 451 -38.2 5, 248 -28.9 1 115, 200 +165. 4 18, 364 +44.9 27, 575 -68.0 PUBLICATIONS OF THE DEPAET1 Recent publications of the Department of Commerce having the moi BUSINESS are listed below. A complete list may be obtained by addressing \ at Washington. Copies of the publications may be purchased from the Office, Washington, at the prices stated. If no price is mentioned, the p$ This p i , fourth j Safel Simplified Practice Recommendation No. 16: Lumber. 87 pages, 28 illustrations. Price, 15jS. This2, fourth"!' BUREAU OF THE CENSUS Mea OFFICE OF THE SECRETARY (For infonriation concerning plan of publication and distribution of census pub lications, address the Director of the Census) Financial Statistics of Cities Having 30,000 Population and Over, 1924-—"Bulletin of 21 pages. This is a preli^ninary report giving information concerning assessed valuation of property, levies of general property taxes, total revenues, governmental-cost payments, and net debt. Census of Agriculture, 1925.—State reports for Rhode Island* District of Columbia, Connecticut, &&d Maine, containing, respectively, 16, 10, 16, and 4 pages. The price of each, is 5$. Th&se bulletins contain county statistics concerning farms and farm property, crops, livestock, etc. Caul Brumi BUREAU OF FOREIGN AND DOMESTIC COMMERCE Monthly Summary of Foreign Commerce of tjie United States, February, 1926,—Parts I and II. Part I Contains statistics of exports of domestic merchandise, ancJ imports .by articles for February, 1925 and 1926, and for 8 months ended February, 1925 and 1920. Part II contain® summaries of expor$ and import tracjej monthly average import a^d export < prices; statistics of trade with Alaska, Hato&ii, and Port6 Rico. Single copies, Part I, 1Q#; Part II, 5tf. Annual subscription, $J.25. Catalogue of Publications of the Bureau of Foreign and Domestic Comntercer March, 1926.—-This catalogue contains titles with descriptive notes of all publications is$ued from 1906 to March,,1926; i 18 pages; indexed. Future $t Our Foreign Traded by Secretary Hoover. An address given at a dinner in New York Qity March 16, 1926, under the auspices of the Expert Managers1 Club of New York and other organizations. 34 pages. Standard Specifications for Carbon Steel Balls.—Industrial Standards No* 2; serial designation Al-24; 22 page£. (Revised, 1924.) Spanish-English edition. Price, 5& Standard Specifications for Structural Steel for Bridges.— Industrial Standards No. 7;fserial designation A7-24; 18 pages, (Revised, 1924.) Spanish-Eriglisty edition. Price, 5$. Philippine Market for Hardware and Allied Lines, by JEdwin B. <*eorge, American trade commissioner; Trade Information Bulletin No* 398; 24 pages. Price, IjOjfc.t' Balance of International Payments of the United States in 1925, by Franklin W. Ryan> with foreword by Secretary Hoover. )Trade Information Bufletin No. 399;.33 pa^es^ This is the fottrth annual study of the balance of payments of the United States. An analysis is made df it0ms ^vhich make up' the "invisible, items*' of trade, as distinguished from actual cdmxnodities. Price, 10fS. Sole Leather: World Production and International Trade, ", Schnitzer, special agent of hide and leather division, by J. Tradee Information Bulletin No. 401; 25 pages. Price, 10^. Caribbean Markets for American Goods: VI, Porto Kico, by JVJ. J. Meehtah. Tracle Information Bulletin Np. 402; 25 pa&es. , Infdrniation is given in this bulletin as to agricultural products of Porto Rico; it)s industries; kinds of goods imported; Vith tables showing iiriports from United States; #nd itetns regarding the, language, aavertising, method of cativass of market, and hotel facilities. Price, 10$. Uruguayan Market, by William P. R6ad. Trade Information Bulletin No. 403; 52 pages. Price, lOf Markets of the Bttteh West Indies, by H. P^ Ma^cOowan, ] American trade commissioner. Trade Information Bu^tin f No. 405,J 27 i>ages.» Price, lOjfc. " J BUREAU OF STANDARDS Technology of the /Manufacture olT Gypsum ProductsCircular No. 281; 81 pages, 3$ illustrations. Price, 30$. Fire-clay Brick: Their Manufacture, Properties, Uses, and Sp^cifi^ations.^TCircular No. 2$2; 50 pages, 27 illustrations, bibliography.; Price, 25^. , ; Safety Rules for the Installation and Maintenance of Electrical Supply Stations*—Handbook Sbries NQ. 6; 5B paged. Papers Co by A logic Paperij Tecl gives meeti?; Ann EPARTMENT OF COMMERCE HERBERT HOOVER, Secretary of Commerce CHIEF FUNCTIONS OF BUREAUS BUREAU OF FISHERIES CENSUS , Director 3us covering population, agriuarries, and forest products. c debt, and taxation, includ* i Federal, State, county, city, and municipal govern!pf payments, debt, tax levies. "inmates of institutions, in,;and juvenile delinquents. ^ ixiddecennial year, a biennial uennial census of electrical . and divorce. s, causes of death, etc., in States. of cotton, wool, tobacco, L in the "Survey of Current l|and industrial statistics. 0MESTIC COMMERCE Director 'prmation concerning world ;>ir American products in for;merc$al attaches, trade comThe distribution of such through weekly "Commerce facial circulars, the news and $rsonal contact. ty, technical, and regional > American export industries. d! of names of possible buyers III all parts of the World and lei sales opportunities abroad. looperative offices in 33 eities Ivery of market information. jics on imports and exports. lestic trade and commerce. ANDARDS Director >$tstruction of standards of 5^ or practice, comparison of ^r institutions. itants and properties of .blisliment of standards and •cial firms or organization. aaterials and processes. . m of information concerning instruction of houses. practices through of scientific and technical 6f its researches and giving ice and industry. the preparation of technical - ,ifications Board. 'MINES Pirector gj preparation and utilizaview to increase of safety, l industries, including the jnethods, and of improved of petroleum, natural gas, Government and managelat- Washington. ill qf plants for production of ,[.' „ Marketing of rpinerals and ^burces and mine accidents. i technical and economic papers, mineral resources llaneous publications. HENRY 0* MALLET, Commissioner The propagation and distribution of food fish and shellfish. Investigations to promote conservation of fishery resources, the development of commercial fisheries, and aquf culture. Study of fishery methods, improvements in merchandising and elimination of waste and the collection of fishery statistics. Administration of Alaska fisheries and fur seals and the law on the protection of sponges off the coast of Florida. BUREAU OF LIGHTHOUSES PUTNAM, Commissioner The maintenance of lighthouses and other aids to navigation marking the navigable waters of the Unite<J States. ?The publication of Light Lists, Buoy Lists and Notices to Mariners, giving information regarding these aids to navigation. COAST AND GEODETIC SURVEY E. LESTER JONES, Director The survey of the coasts of the United States and publication of the charts needed for the navigation of the adjacent waters, including Alaska, the Philippine Islands, Hawaii, Porto Rico, the Virgin Islands, and the Canal Zone. A geodetic system covers the qountry and coordinates the surveys pf the coasts and furnishes accurately determined control points and elevations. These are available for Federal, State, and other surveys and engineering projects. Magnetic declination results are for use of surveyors and engineer^ throughout all parts of the country. The work of the bureau includes base measures, triangulation, precise leveling, latitude, longitude, azimuth and magnetic observations and researches, magnetic, maps, gravity, topography, hydrography, tide,, and current observations. The results ar0 published in the form of charts, annxjal reports, coast pilots, tide tables, current tables, digests of publications and special publications. BUREAU OF NAVIGATION D. B. CARBON, Commissioner Superintendence of commercial marine and merchant seamen. Supervision of registering, enrolling, licensing, numbering, etc., of vessels under the United States flag, and the annual publication of a list of such vessels, The enforcement of the navigation and steamboat inspection laws and the laws governing radio communication, as well as duties connected with fees, fines, tonnage taxes, refunds, etc., originating under such laws. STEAMBOAT INSPECTION SERVICE DICKERSON N. HOOVER, Supervising Inspector General The inspection of vessels, the licensing of the officers of vessels, and the administration of laws relating to such vessels and their officers. The certification of able seamen and lifeboat men who form the crews of merchant vessels. The inspection of vessels, including the types of boilers; the testing of all materials subject to tensile strain in marine boilers; the inspection of hulls and of life-saving equipment* The investigation of violations of steamboat inspection laws. UNITED STATES PATENT OFFICE! THOMAS E. ROBEETSQN, Commissioner Supervision of the granting of patents and the registration pf trade marks, prints and labels, including technical examination and judicial proceedings; ^ Maintenance of library with public search room, , containing copies of all published foreign patents, as well as United States patents and trade-marks. Maintains recording office of bills of sale, assignments, etc., relating to patents; and trademarks. furnishes copies of all records pertaining to patents. Publication of the "Official Gazette^' weekly showing the patents and trade-marks issued.
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