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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
NOVEMBER, 1926
No. 63

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
IMPORTANT NOTICE
In addition to figures given from Government sources, there are also incorporated for completeness of
service figures from other sources generally accepted by the trades, tiie authority and responsibility
for which are noted in the "Sources of Data " on pages 15,2-155 of the August semiannual issue

Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50.a year; single copies (monthly), 10 cents-, semiannual
issues, 25 cents., Foreign subscriptions, 552.25; single copies, (monthly issues), including postage* 14 cents; semiannual
issues, ,36 cents. Subscription price of COMMERCE REPORTS is $4 a year; jwhh the SURVEY, $5.50 a year. Make
remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New
York draft. Currency at sender's risk. Postage stamps or foreign money not accepted




WASHINGTON : GOVERNMENT PRINTING OFFICE : IBM

INTRODUCTION
THE SURVEY OF CURRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for the past two years and yearly
comparisons, where available, back to 1913; also blank
lilies 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 August, 1926, No. 60). In the intervening
months the more important comparisons only are
given in the table entitled "Trend of business movements.11
ADVANCE SHEETS
Realizing that current statistics are highly perishable and t^at to be of use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute advance leaflets every week
to subscribers in the United States. The leaflets
are usually mailed on Tuesdays and give such information as bias been received during the preceding
week. The information contained in these leaflets
is also reprinted in "Commerce Reports," issued
weekly by the Bureau of Foreign and Domestic Commerce. The monthly bulletin is distributed as quickly
as ii cau be completed and printed.
BASIC DATA
The figures reported in the accompanying tables are
very largely those already in existence. The chief
function of the department is to bring together these
data which, if available at all, are scattered in hundreds of different publications. A portion of thes&
data are collected by Government departments, other
figures are compiled by technical journals, and still
others are reported by trade associations.
RELATIVE NUMBERS
To facilitate comparison between different items and
render the trend of a movement more apparent, relative numbers (often called "index numbers," a term
referring more particularly to a special kind of number
described frelow) have been calculated. The relative
numbers enable the reader to see at a glance the
general upward or downward tendency of a movement which can not so easily be grasped from the
actual figures.
In computing these relative numbers the last prewar year, 19i3, or in some instances a five-year average, 1909-1913, has been used as a base equal to 100
wherever possible.
The relative numbers are computed by allowing the
monthly average for the base year or period to equal
100. If the movement for a current month is greater
than the base, the relative number will be greater than
100, and vice versa. The difference between 100 and
the relative number will give at; once the per cent
increase or decrease compared with the base period.
Thus a relative number of 115 means an increase of 15

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 and 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 nqt 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
section of the semiannual issues, as in Tables 111 to
131 of the August, 1926, number, thus allowing easy
comparison on a pre-war base for all items for which
relatives could be computed.
INDEX NUMBERS
When two or more series of relative numbers are
combined by a system of weightings the resulting
series is denominated an index number. The index
number, by combining many relative numbers, is
designed to show the trend of an entire group of industries or for the country as a whole, instead of for
the single commodity or industry which the relative
number covers. Comparisons with the base year or
with other periods are made in the same manner as in
the case of relative numbers.
' :

*

RATIO CHARTS
In many instances the charts used in the SURVEY
OF CUKBENT BUSINESS are of the type termed "Ratio
Charts" (logarithmic scale), notably the Business
Indicator charts on page 2; These charts show the
percentage increase and allow direct comparisons
between the slope of one curve and that of any other
curve regardless of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
vertical movement whether its curve is near the bottom or near the top of the chart.
The difference between this and the ordinary form
of a chart can be made clear by an example. If a
certain item, having a relative number of 400 in one
month, increases 10 per cent in the following month,
its relative number will be 440, and on an ordinary
chart would be plotted 40 equidistant scale points
higher than the preceding month. Another movement with a relative number of, say, 50 also increases
10 per cent, making its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
equidistant points, whereat the previous item rose 40
points, yet each showed the same percentage increase.
The ratio charts avoid this difficulty and give to each
of the two movements exactly the same vertical rise
and hence the slopes of the two lines are directly
comparable. The ratio charts compare percentage
changes, while the arithmetic charts compare absolute
changes.

This issue presents practically complete data for, the month of September and also items covering the early weeks of
October received up to October 27. (See charts and table, pp. 4 and 5.) As most data covering a particular month's
business are not available until from 15 to SO 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 THE CENSUS

:

: BUREAU OF FOREIGN AND DOMESTIC COMMERCE

:

: BUREAU OF STANDARDS

NOVEMBER

No. 63

1926

CONTENTS
SUMMARIES

Preliminary summary for October
Course of business in September
Monthly business indicators (table and chart)
^
Weekly business indicators (table and chart)
Wholesale price comparisons (table and charts)
Indexes of business:
Condensed summary
Text and chart
Detailed indexes (production, prices, sales, etc.)
Basic steel and related products (charts)

Page

1
9
2, 3
4, 5
6, 7, 11
9
10
23
8

NEW DETAILED TABLES

Census of manufactures, 1925
Tea stocks in United Kingdom
Monongahela and Allegheny River traffic.
Wholesale price of linseed oil

22
26
26
26

INDEX BY SUBJECTS

Text Table
page page

Textiles
Metals, metal products, automobiles, etc
Fuels
Hides and leather
Rubber
Paper and printing
Building construction and housing
Lumber products
Stone, clay and glass products
Chemicals and oils
Foodstuffs
Tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertising, etc.)
Banking, finance, and insurance
Foreign exchange and trade, gold and silver

12
13
14
15
15
15
16
16
16
17
18
19
20
11
20
21
22

27
29
32
33
34
34
36
36
38
38
40
43
43
45
46
47
50

PRELIMINARY SUMMARY FOR OCTOBER
The volume of business in October continued to
register gains over the preceding year according to
preliminary figures covering the first three weeks of
the month. Larger output of bituminous coal and
petroleum was recorded than a year ago, while beehive
coke and lumber production showed declines. New
contracts awarded for building construction, while
indicating a decline from the previous month, were
running higher than last year.
Wheat receipts were lower than last year, while
receipts of cotton were higher. Cattle and hog
receipts were each smaller than a year ago. Receipts
of wool at Boston were running larger than in the
first weeks of October, 1925.
Wholesale prices showed little change from the
preceding month but were substantially lower than
in October a year ago, with cotton prices showing a
substantial drop from both comparative periods.
16216—26f




1

Check payments, indicative of the general volume
of trade, were larger in October than a year ago,
Distribution of goods, as seen from figures on carloadings, was higher than at any similar time on
record. Interest rates, both on speculative and time
loans, averaged higher than last year, with time
money rates showing no change from the preceding
month and call rates declining. The Federal reserve
ratio averaged higher than in the previous month
and a year ago. Loans and discounts of Federal
reserve member banks reached another high point
during the month but were receding toward the close
of October. Stock prices averaged lower than iii
September but were still above the level of a year ago.
Bond prices also receded from the preceding month
but showed increases over last year. Loans to brokers
and dealers by Federal reserve member banks in New
York City declined during the month. Business failures were more numerous than in either the preceding month or the corresponding month of last year.

MONTHLY BUSINESS INDICATORS: 1920-1926
[Ratio 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 1913 AS 100

350
300

1920

1921

1922

1923

1924 1925

RELATIVE TO I9I9 AS 100

1926

I920

I92I

I922

I923

!

I924

(925

I926

I

BANK DEBITS, I4I CENTERS

PRICES 25 INDUSTRIAL STOCKS

200

100

WHOLESALE TRADE, 6 LINES

200

.INTEREST RATES, COMMERCIAL PAPER

100
80
60
50
250
200

DEPT, STORE TRADE (359 STORES)
WHOLESALE PRICES ('DEPT.OF'LABOR )

^

Sv

too
250
200

l
i
j
i
|
JFARM PRICES (OEPt OF AGRICULTURE)-

MAIL-ORDER SALES
(4 HOUSES)

100
80
150

100

1**-

80

MANUFACTURING PRODUCTION
—t(64 COMMODITIES)

'COTTON CONSUMPTION

-60
LU
GO

ao




LUMBER PRODUCTION
(5 SPECIES

AUTOMOBILE PRODUCTION
( PASSENGER CARS AND TRUCKS;

FACTORY EMPLOY

BUILDING CONTRACTS
(27 STATES)

I920

I92I

I922

I923

I924

I925

I926

I920

I I I I » I I I I I I I I I
I92I
I922 I923
I924

' I I I .1_LLJ 30
I925
I926

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 segregates 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. Gare 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.
1936

1925

MONTHLY AVERAGE
ITEM

1920 1921 1922 1923 1924 1925 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept.

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 1
Cotton (total)
Prices: >
Wholesale index
Retail food
Retail coal, bituminous
Farm products
Business finances:
Defaulted liabilities ..
Price 25 industrial stocks
Price 25 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

120
135
99
108
98
119
. .283
178
105
119
113

54
64
38
107
99
87
312
189
97
113
117

170

90

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

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
450
313
104
144
97

118
154
138
207
1
133
495
311
117
173
122

118
155
131
137
2
127
535
297
117
137
127

127
158
135
94
3
132
558
294
124
152
162

130
164
138
77
2
135
578
288
125
139
168

114
151
132
79
27
117
559
264
122
120
127

134
178
147
129
115
116
545
293
136
136
136

135
163
143
175
108
101
537
290
124
137
120

130
156
143
243
106
98
506
302
111
139
119

126
149
139
259
117
105
499
298
111
150
136

126
145
140
254
111
109
489
313
99
136
129

125
159
140
251
108
116
497
321
108
140
118

315
123
164
100

96 102

68

73

60

59

63

70

78

85

83

78

74

65

61

59

61

60

61

87
114
80
131
58
85
349
224
109
126
130

123
156
139
245
111
123

143 171 265 311 369 290 294 289 287 284 283 278 278 274 274 273 271 268 265 264 265
155 198 153 125 111 129 45 56 129 185 216 237 226 213 192 168 143 119 98 85 137
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
160
159
149

160
160
160
152

160
159
163
144

158
162
170
143

158
167
179
144

156
166
179
143

156
164
179
143

155
162
179
143

152
160
170
140

151
162
168
140

152
161
161
139

152
160
160
139

151
157
160
136

149
156
162
133

151
159
170
134

108 229 228 197 198 162 151 163 134 129 157 160 191 150 134 169 147 129 130 123 151
184 136 169 185 198 262 256 272 280 298 305 305 309 309 272 249 253 268 280 296 296
67 64 75 72 81 99 97 101 102 102 107 111 111 109 105 104 106 111 113 116 120
257 205 230 226 264 300 297 256 276 329 298 342 344 272 356 329 297 307 302 275 271
275 212 230 276 284 315 323 297 316 353 319 348 341 288 339 324 316 329 334 304 313
134 118 80 90 71 73 71 72 76 80 79 79 79 75 78 76 72 70 72 78 80

_ . 294 140 177 212 201 236 218 228 234 250 252 266 279 260 297 266 215 226 227 225 231
331 181 154 168 185 198 164 184 203 237 216 226 192 170 181 187 172 163 178 186 217
264 188 204 259 284 327 248 255 309 464 396 473 336 322 357 344 299 309 284 286 336
137 105 115 139 131 1S9 139 153 151 161 149 139 138 130 141 133 146 144 153 160

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

32
91

34
82

21
89

66
98

42
83

19
76

17
59

20
46

86

87 107 104 108 112 112 111

111

111

114
N

86 117 133 129 141 141 154 153 157 140 127 113 130 146 142 148 148 139 143 142
69 102 106 108 138 145 166 155 148 146 137 117 90 150 155 153 142 125 141 139 |

91

29
70

34
90

31
45

36
56

34
67

33
74

30
78

25
76

22
74

21
78

19
86

18
84

19
67

112 112 114 115 115 116 117 117 117 117 116

95 107 108 121 123 113 119 137 121

137 134 114 133 128 122 128 135 118 121

132 91 28 39 19 26 24 30 33 30 32 39 23 28 33 27 24 27 27 32 37
97 122 144 146 146 134 134 132 131 132 131 129 135 133 133 135 136 136 137 135 134
80 122 154 152 160 149 154 149 144 144 142 134 149 147 146 151 151 150 152 148 145

* Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
> Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
» Based on the total computed production reported by 5 associations. Includes southern pine, Douglas flr, 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.




WEEKLY BUSINESS INDICATORS
[See table on page 5]
WEEKLY AVERAGE. (922 - 1924 s 100 .
BITUMINOUS COAL, PRODUCTION
JAN. FEB.

160

140 n
;V
!20

MAR. APR.

MAY

JUNE

JULY

AUG. SEPT. OCT.

s

••»'**.

' :

V

%/
^Sr
V.

* r* Vr"

M-.. :f

k^ ^

V

...

60

FISHER'S WHOLESALE PRICE INDEX
JAN.

FES.

MAR

APR'.'

MAY

JUNE

JULY AUO. SEPT.

OCT.

NOV. OEC.

.'"\

\t

'S

^W ..-"

80

WHEAT RECEIPTS

NOV. DEC.

\

X

100

FISHER'S INDEX,WEEKLY AVERAGE 1923-1924-/OO

6l

\
\

I
/

*.-.
?

V^,

.

f

•v y/* A

'X w-

.•••*'

\
**•

*'«•.'

: V
V *

v\

Mil

COTTON PRICES MIDDLING NEW YORK

LUMBER PRODUCTION

160
140
120
100

CQ

BEEHIVE COKE PRODUCTION

\
Jf \
•*••*.

.-V ..^.

''"l^ V, .
**•«

'

60

.1, 1 1'l

iIi

1 !1

^"\

;

WHEAT PRICE NO.2 RED WINTER

s

V "N//

-/" sA

.1. 1 1 1 1 1 I I 1 1 m i .

PETROLEUM PRODUCTIONCDAILY AVERAGE)




LOANS AND DISCOUNTS (F.R, MEMBER BANKS

WEEKLY BUSINESS INDICATORS
Receipts of wheat

Receipts of cotton

Receipts of cattle

Price of No. 3 wheat

Bank loans and discounts

Debits to individual
accounts

Call-money rates

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

Oct.

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

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

Price of Iron and
steel (composite)

Building contracts

72.8
73.2
75.0
77.2

Price of cotton middling

Car loadings

117.6
112.4
119.0
115.7

Wholesale prices

Petroleum production

119.3
110.0
119.9
125.3

Receipts of hogs

Lumber production

Sept. 5
12
19_
26

WEEK
ENDING 2—

Beehive coke production

Bituminous coal
production

All data are given as relative to the weekly average for 1922 to 1924 as 190, except wholesale prices, which are based on 1923 to 1924 average

1

S3
9

1
I

1995

Dec.

.

5.
12
19
26. . . .

1926
Jan.

2
9
16
23
30

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

Feb.

6
13
20
27

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
13.
20
27

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.

3
10
17
24

99.6
103.8
102.5
102.1

116.7
115.7
119.0
118.1

102.6
100.0
102.2
100.0

106.7
106.7
106.4
107.2

102.0
102.2
106.1
107.0

165.1
207.4
184.9
128.6

31.4
39.4
33.6
42.4

57.4
51.9
48.1
43.0

69.8
74.3
82.0
88.7

59.9
68.9
74.8
74.6

98.9
98.2
98.8
98.5

73.2
72.8
72.5
71.3

94.6
93.8
93.8
93.6

136.6
142.3

120.2
119.4
118.9
118.7

124.0
133.1
126.2
129.6

115.1
97.0
109.1
84.8

98.5
99.8
108.2
117.9

May 1
8
15
22
29

100.5
99.6
102.4
102.3
106.7

111.4
109.5
111.4
112.4
113.8

92.1
93.0
89.3
92.5
85.1

109.1
109.3
109.6
108.9
110.3

109.4
109.5
113.2
114.2
118.8

165.2
166.4
147.2
190.0
168.3

41.9
42.3
37.3
43.4
58.2

49.4
43.4
44.3
39.6
40.4

99.0
98.1
87.1
86.8
95.8

78.7
74.5
66.5
72.1
78.7

97.9
98.5
99.2
99.6
99.4

71.3
72.5
71.7
70.9
71.3

93.4
93.4
93.3
92.8
92.5

134.1
135.8
137.4
134.1
135.0

119.3
119.8
119.4
118.9
118.7

117.3
134.2
119.7
125.6
118.8

93.9
93.9
90.9
97.0
97.0

122.6
100.3
104.2
102.7
108.0

June 5
12
19
• 26

95.4
106.0
104.7
108.5

105.2
112.4
114.8
109.5

85.5
86.0
80.7
82.0

110.1
110.4
110.3
110.8

104.0
116.5
114.7
116.8

124.5
150.9
134.3
150.6

44.3
44.7
42.3
68.3

36.6
34.0
27.2
18.3

95.5
92.9
94.2
85.9

75.7
92.0
75.7
71.4

98.9
100.1
99.2
99.0

70.9
68.7
69.4
70.2

92.1
91.7
91.5
91.5

120.3
126.8
125.2
117.9

119.4
118.9
120.2
119.3

117.0
121.4
129.8
123.0

100.0
97.0
90.9
103.0

84.8
94.0
99.5
99.5

July

104.5
91 5
111.4
111.8
116.1

105.2
84 8
107. 1
103.8
109.5

71.5
77.2
79.8
74.6
77.2

111.7
111 5
112.6
113.5
136.0

117.9
99 0
119. 1
119.3
121.2

125.6
158 2
162.8
134.1
188.7

106.0
166 1
171.6
232.0
309.6

20.4
14.5
22.1
22.1
28.1

96.5
90 0
104.2
94.9
94.2

72.1
70 7
67.1
70.9
68.2

97.9
98.2
97.9
97.1
96.4

69.1
72.1
70.2
71.3
72.5

91.8
91.8
91.7
91.7
91.5

109.8
120.3
117.1
118.7

120.9
120.3
119.8
119.6
119.6

126.8
130.3
129.3
129.9
116.1

115.1
109. 1
103.0
97.0
106.1

92.3
76.1
88.1
89.3
98.8

Aug. 7.. .
14
21.
28

111.8
117. 1
116.0
123.6

110.5
111.4
110.5
113.3

72.8
71.5
80.3
79.4

117.4
118.5
119.0
119.4

119.1
121.7
119.7
124.9

121.5
152.1
151.8
197.7

284.0
225.0
167.9
131 1

25.1
48.5
59.1
67.7

75.6
99.0
102.9
103.9

70.9
67.1
67.9
59.9

96.2
96.0
95.9
96.5

71.3
67.2
68.7
72.1

91.5
91.5
91.5
91.5

113.0
111.4
110.6
110.6

120.4
120.7
120.3
120.4

127.2
116.8
122.8
113.0

109.1
109.1
109.1
115.1

93.3
92.3
90.1
91.0

p 4
Sept

121.3
113.0
126.1
129.1

109.5
99.5
109.5
111.4

80.7
79.8
86.0
86.4

120.4
119.7
119.1
119.0

126.6
113.3
130.5
130.0

145.0
193.4
162.1
180.2

155.1
146.6
141.2
117. 1

112.8
126.0
216.2
275.7

124.1
121.9
134.1
141.5

60.9
60.7
64.2
60.4

96.2
96.7
9 '96
96.3

70.6
69.8
64.5
57.4

91.5
91.4
91.9
92.1

108.1
108.9
111.4
111.4

121.3
121.5
122.5
122.0

112.7
101.7
127.4
131.3

115.1
121.2
121.2
127.3

93.8
74.4
81.3
83.6

132.3
136.2

108.1
111.4
110.5

80.7
91.2

120.3
120.8
122.5

130.3
130.2

173.8
141.4
186.4

110.9
104.9
99.9

355.7
398.7
397.4
391.1

131.2
147.3
143. 1

59.5
64.5
67.3

96.6
95.5
96.5
96.7

54.0
49.4
51.3
47.5

92.0
92.1
92.8
92.8

113.0
111.4
113.0

123.1
123.3
123.2

119.6
143.6
118.7
145.1

133.3
115.1
124.2
103.0

82.8
97.3
93.3
107.2

3
10
17. .
24
31

11
::
18
25

Oct. 2
9_._ ,
16
23
30

OD 2

Nov 6-. .13__
20
27-.
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. 0. Dun & Company.
2
The actual week for all items does not always end on same day.




6

WHOLESALE PRICES IN SEPTEMBER
COMPARISON WITH
PREVIOUS MONTH

COMMODITIES

DECREASE INCREASE

20

10

0

10

20

y

WHEAT
CORN
POTATOES
COTTON
COTTONSEED
CATTLE, BEEF
HOGS

COMPARISON
DECREASE

50

LAMBS

40

WHEAT. SPRING

30

20

COMPARISON

INCREASE

0

10

10

20

30

40

60

70

80 50

40

30

20

i

i

i

10

20

30

40

50

60

70

'

'

8(

1

V///////////////A

W////////M
UMt,

r7^7777777777

1
,

,

,

^

•
FARM PRODUCTS. MARKET P Rl CE

v/////\

' g

1
1

I

NOi 2

MONTH

INCREASE

0

10

WHEAT, WINTER
CORN

WITH SAME
1924

DECREASE

60

FARM PRODUCTS , AVERAGE PRICE TO PRODUCER

.

1

WITH SAME MONTH
1925

ww/y/////////^

OATS
BARLEY

RYE,

W7/.

1

&
i
%Z%
i

NO . 2

TOBACCO, BURLEY
COTTON
WOOL, % GREASE? BOSTON )
CATTLE, STEERS

-

&
/

\%WMW/ /%^
VZZ7/,
&

HOGS, HEAVY
SHEEP, EWES

,

SHEEP, LAMBS
FLOUR, SPRING

I•
, i
1
K

. . . m>

•
•
•

FOOD

'

FLOUR, WINTER

H

SUGAR, RAW
SUGAR, GRANULATED

\

COTTONSEED OIL

9

BEEF, CARCASS
BEEF, STEER ROUNDS
HAMS.

SMOKED(CHICAGO)

,

COTTON YARN
COTTON PR INT CLOTH

i

, v
' •j 1

COTTON SHEETING
WORSTED YARNS

,

,

T

1

'

'

• i
i\

WOMEN'S DRESS GOODS

HIDES, PACKER'S
HIDES, CALFSKINS

m.
&

VM.
I

ir

.

BOOTS AND SHOES (ST. LOUIS)

,

VZ7/.
I
®

m
\I
,^

LEATHER, SOLE, OAK
BOOTS AND SHOES (BOSTON )

V////ffl/.

m

ir
1r

LEATHER, CHROME ( BOSTON )

,

1

fi1

.

FUEL

COAL, BITUMINOUS.
COAL, ANTHRACITE

PIG IRON. FOUNDRY
PIG IRON,

I

, Pv

COKE
PETROLEUM

1

'

'

j

BASIC

STEEL BILLETS, BESSEMER

^

COPPER

B
METALS

'

'

'

1

' ^

'

'

V////>

&

^11

t

I

i

LEAD

TIN

•

ZINC

,

,

.

, ^

1

'

•

'm

LUMBER, PINE, SOUTHERN
LUMBER. DOUGLAS FIR

^j

CEMENT
STEEL BEAMS
RUBBER CRUDE
SULPHURIC ACID




BUILDING

i

,

m

&
1

, *I

1

M%%%%%^^
,

a

MATERIAL AND MISCE.LI.ANEOUS

'

BRICK. COMMON (NEW YORK)

1

CLOTHING

Y///////,

1
1

SILK, RAW

m
^••BIIIHBI

m?/,
m^s.

1

SUITINGS

I1

&

,

20
10
0
10
20 60
DECREASE INCREASE

40

30
20
10
DECREASE

0

10

NO CHANGE

20

30 40 60
INCREASE

60

70

SO 50

40

30 50
JO
DECREASE

Q

10

20

30 40 50
INCREASE

60

70

8C

WHOLESALE PRICE COMPARISONS
NOTE.—Prices to producer on farm products and market price of wool are from U. 8. Department of Agriculture, Bureau of Agricultural Economics: nonferrous metal
tfrom 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.
PER CENT
INCREASE (+) OR
DECREASE (— )

ACTUAL PRICE
(dollars)

Unit

COMMODITIES

RELATIVE PRICE

(1913average«100)

August,
1926

Septem- SeptemSep1926, ber, 1926, August, SepSeptem- Septem- ber,
from
from September,
ber, 1926 ber, 1925 August,
1926 tember,
1926
1925
tember,
1925
1926

1.251
.795
1.405
.161
29.73
.0629
.1166
.1112

1.177
.762
1.306
.168
27.38
.0648
.1207
.1132

1.444
.988
1.211
.225
33.48
.0627
.1150
.1195

-5.1
42
70
+4.3
-7.9
+3.0
+3.5
+1.8

-18.5
-22.9
+7.8
-25.3
-18.2
+3.3
+5.0
-5.3

158
129
235
134
136
107
155
182

149
123
219
140
126
110
161
186

182
160
203
188
154
106
153
196

1.42
1.37
.81
.40
.65
1.01
21.00
.187
.44
8.98
11.85
5.87
13.95

1.39
1.36
.80
.43
.67
.97
21.00
.170
.44
10.19
12.38
5.77
13.78

1.56
1.67
.92
.40
.75
.88
25.00
.236
.50
12.44
12.88
6.19
15.09

-2.1
-0.7
-1.2
+7.5
+3.1
-4.0
0.0
-9.1
0.0
+13.5
+4.5
-1.7
-1.2

-10.9
-18.6
-13.0
+7.5
-10.7
+10.2
-16.0
-28.0
-12.0
-18.1
-3.9
-6.8
-8.7

156
138
129
108
104
159
159
146
176
106
142
125
179

153
138
127
113
107
152
159
133
176
120
148
123
177

170
169
147
106
120
139
189
184
200
146
154
132
194

7.95
Barrel
6.74
Barrel
Pound... . .043
.055
Pound
.13
Pound
.160
Pound
.170
Pound
.329
Pound

7.73
6.68
.044
.056
.11
.163
.170
.320

8.31
7.43
.043
.054
.11
.185
.173
.292

-2.8
-0.9
+4.8
+1.8
-15.4
+1.9
0.0
-2.7

-7.0
-10.1
+2.3
+3.7
0.0
-11.9
-1.7
+9.6

173
175
121
130
179
124
130
198

169
174
127
132
155
126
130
193

181
193
122
127
147
143
132
176

.363
.076
.092
1.40
.73
3.29
5.98
.149
.178
.45
.41
6.40
4.85

.367
.076
.093
1.40
.71
3.29
6.13
.152
.178
.45
.43
6.40
4.85

.423
.095
.106
1.65
.80
3.60
6.62
.177
.198
.46
.46
6.40
5.15

+1.1
0.0

0.0
-2.7
0.0
+2.5
+2.0
0.0
0.0
+4.9
0.0
0.0

-20.0
-12.3
15 2
-11.2
-8.6
-7.4
-14.1
-10.1
-2.2
6 5
0.0
-5.8

147
144
150
180
232
213
164
81
94
167
91
206
153

148
144
152
180
225
213
168
82
94
167
96
206
153

171
180
172
212
254
233
182
96
105
171
103
206
163

3.39
11.47
3.14
2.050

3.64
11.48
3.49
2.050

3.49
11.27
3.70
1.600

+7.4
+0.1
+11.1
0.0

+4.3
+1.9
-5.7
+28.1

154
216
129
219

166
216
143
219

159
212
152
171

19.39
17.50
35.00
.1406
.0879
.6654
.0741

20.56
18.30
35.00
.1438
.0951
.5641
.0775

+0.7
0.0
0.0
-0.8
—13
+4.2
+0.4

-5.7
-4.4
0.0
-2.2
-7.6
+18.0
—4 4

120
119
f36
93
204
144
134

121
119
136
92
201
150
135

128
124
136
94
218
127
141

42.88
16.49
16.00

46.42
16.50
14.75

0.0
-0.4
-5.9

—7 6
-0.1
+8.5

186
259

186
179
244

201
179
225

0.0
+2.6
+0.9
0.0

-5.7
+2.6
—42.4
+7.1

163
129
42
75

163
132
42
75

173
129
73
70

FARM PRODUCTS-AVERAGE PRICE TO PRODUCERS
Wheat
Corn
Potatoes «,
Cotton
Cottonseed
Cattle, beef
Hogs
Lambs

..
.
.

-

.

.

.

.

.

Bushel
Bushel
Bushel
Pound
. . Ton .
Pound
Pound ...
Pound

.
.

...

..

FARM PRODUCTS—MARKET PRICE
Wheat, No. 1, northern spring (Chicago).
Wheat, No. 2 red, winter (Chicago)
Cora, 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, ^i bloodcombing, Ohio and Pennsylvania fleeces (Boston)
Cattle, steers, good to choice, corn fed (Chicago). .
.. .
Hogs, heavy (Chicago)
.
...
.
.
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)
.
.
....

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt
Pound
Pound
Cwt
Cwt
Cwt
Cwt

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)
Pound
Cotton-print cloth, 27 inches, 64 x 60-38H"-5.35—yards to pound
Yard
Cotton sheeting, brown 4/4 Trion (New York)
Yard
Worsted yarns, 2/32's crossbred stock, white, in skein (Boston)
Pound .
Women's dress goods, French, 35-36 inches at mills, serge
Yard ...
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Yard
Silk, raw, Japanese, Kansai No. 1 (New York)
Pound
Hides, green salted, packer's heavy native steers (Chicago)
_.
. . Pound
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago) ..
Pound.
Leather, chrome calf, dull or bright "B" grades (Boston) _. _
_ . Square foot
Leather, sole, oak, scoured backs, heavy (Boston)
Pound
Boots and shoes, men's black calf, blucher (Massachusetts).
Pair ._
Boots and shoes, men's dress welt tan calf (St. Louis). __
. _
Pair

+1.1

FUEL
Short ton. _
Long ton...
Short ton _ _
Barrel

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
I
T..'
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis)
. . . . . .

.

Long ton... 19.26
Long ton... 17.50
Long ton... 35.00
.1417
Pound
.0891
Pound
.6388
Pound
.0738
Pound

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hat42.89
tiesburg district)
.
._
...
Mfeet
16.55
Lumber, Douglas fir, No. 1, common s 1 s, 1 x 8 10 (Washington)
Mfeet
Brick, common red, domestic building (New York)
Thousand.. 17.00
Cement, Portland, net without bags to trade, f. o. b.t plant (Chicago
1.65
district)
Barrel
1.95
Steel beams, mill (Pittsburgh)
Cwt
.337
Rubber, Para, Island,fine(New York)..
... .
Pound
.75
Sulphuric acid 66° (New York)
Cwt




1.65
2.00
.340
.75

1.75
1.95
.590
.70

8

PIG IRON PRODUCTION AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[September, 1926, is latest month plotted]
14,000

600

AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS AWARDED IN 27 NORTHEASTERN STATES
[September, 1926, is latest month plotted]
800

800

TOTAL AUTOMOBILE
PRODUCTION
40

LOCOMOTIVE SHIPMENTS AND UNFILLED^ ORDERS
[September, 1926, is latest month plotted]
4,000
2,000

10




BUSINESS SUMMARY
[Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable comparisons to be made of the
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this summary are given in the table entitled "Indexes of Business," beginning on page 23]

PRODUCTION:
Manufacturing (64
commodities— adjusted) 1
Raw materials, total
Minerals- _ « » _ _ _ _ _
Animal products
Crops
Forest products
Electric power
Building (awards— floor space) _ _
STOCKS (45 commodities; seasonal
adjustment)
UNFILLED ORDERS (relative to 1920) _ .
SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade
Department stores (359 stores)-.
PRICES (recomputed to 1919 base) :
Producers', farm products
Wholesale, all commodities
Retail food
Cost of living (including food)
CHECK PAYMENTS (141 cities—seasonal adjustment)
FACTORY EMPLOYMENT (1919 base)
TRANSPORTATION :
Net freight ton-mile operation
Car loadings (monthly total)
Net available car surplus (end
of month)
__ _
1

See p. 28, Jan., 1925, issue (No. 1), for details of

PER CENT INCREASE (+)
OR DECREASE (— )

1926

1925

YEARLY AVERAGE

August September

August September

Sept., 1926,
from
Aug., 1926

Sept., 1926,
from
Sept., 1925

1923

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

128
99
145
111
69
126
165
145

122
116
151
107
106
132
168
166

122
151
133
105
191
131
169
155

127
116
150
115
103
119
182
125

135
121
156
111
114
117
189
141

134
148
155
112
171
116

-0.7
+ 22.3
-0.6
+ 0.9
+ 50.0
-0.9

+ 9.8
-2.0
+ 16.5
+ 6.7
-10.5
-11.5

139

-1.4

-10,3

119
74

135
52

145
56

133
51

142
52

148
52

167
48

184
49

172
49

-6.5
0.0

+ 16.2
-5.8

99
165
83
124

105
185
82
125

118
209
84
131

87
183
83
95

89
195
87
98

114
191
94
122

98
206
82
99

98
204
87
105

120
211
96
129

65
75
78
94

64
73
78
95

70
77
84
98

71
78
86
98

73
78
86
98

69
78
85
98

65
73
84
97

64
*72
84
96

64
73
85
97

0.0
+ 1.4
+ 1.2
+ 1.0

-7.2
-6.4
0.0
-1.0

103
93

110
84

127
84

127
82

125
83

127
84

138
83

136
84

132
85

-2. 1
+ 1.2

+3.9
+ 1.2

115
119

108
116

115
122

115
142

126
124

125
123

126
150

132
127

131

+ 3.1

+ 6.5

25

139

146

160

98

85

120

98

69

-29.6

-18.8

July

July

+ 22.4 . +5.3
+ 3.4 + 10.5
+2.1
+ 10.3
+ 22.9 -13.9

adjustment.

COURSE OF BUSINESS IN SEPTEMBER
GENERAL CONDITIONS

Industrial activity in September, after adjustment
for differences in working time, receded less than 1
per cent from the high point of the preceding month
and was 10 per cent ahead of September, 1925. The
production of raw materials, although seasonally
larger than in August, showed a decline of 2 per cent
from September of the preceding year, increases in
the production of minerals and in the marketings of
animal products being insufficient to offset declines in
the output of forest products and in the marketing of
crops. The volume of new building contracts awarded
during September, measured in floor space, showed a
decline from both the preceding month and September
a year earlier. Unfilled orders for manufactured
commodities, principally iron and steel and building
materials, though showing no change from the previous month, were 6 per cent smaller than a year ago.
Although commodities were held in larger quantities
than at the end of the previous month, commodity
stocks at the end of September, after adjustment for
normal seasonal changes, were 16 per cent greater than
a year ago.
Prices paid to producers of farm products averaged
higher
than in August but were lower than last year.

16216—26t
2


Wholesale prices showed similar comparisons with both
periods. Retail food prices, as well as the general cost
of living, advanced over the preceding month but the
cost of living index was 1 per cent lower than a year
ago, food costs showing no change from September,
1925.
Factory employment continued to advance, both as
compared with the previous month and the same
month of 1925, while factory pay rolls, though showing no change from August, were 6 per cent greater
than a year earlier. Check payments, indicative of
the general volume of trade, after adjustment for
seasonal variations, were lower than in August, but 4
per cent ahead of last year. Retail trade, as reported
by mail-order houses, chain stores, and department
stores, showed substantial gains over a year ago,
while wholesale trade in the principal lines was also
greater. More goods moved into consumption, as
seen from figures on carloadings, than in September,
1925. Stock prices continued to average higher, while
interest rates showed increases over both the preceding
month and the same month of 1925. Business failures,
although less numerous than in either the previous
month of September, 1925, showH ]arger defaulted
liabilities than in August.

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

The output of raw materials increased seasonally
over the preceding month, but was 2 per cent smaller
than in September, 1925, the increased production of
minerals and marketings of animal products, as compared with September, 1925, being insufficient to
offset lower output of forest products and smaller
marketings of crops. As compared with the previous
month, mineral output was unchanged, all minerals
declining except coal, both bituminous and anthracite,
lead, and gold, while zinc was unchanged. In the
case of forest products, declines were general except
for pulpwood and wood distillation, which were higher
than in August.

Manufacturing production, after adjustment for
differences in working time, declined almost 1 per
cent from the preceding month, but the September
total was 10 per cent greater than last year. Industrial output by groups showed a decline from August
in foodstuffs, iron and steel, paper and printing, stone,
clay, and glass products, and miscellaneous industries,
including automobiles and rubber, all other major
groups showing increases, with the greatest advance
registered in textiles. As compared with last year, all
industrial groups were higher, except lumber and
nonferrous metals, while textiles remained the same.
Increases of more than 10 per cent occurred in textiles, iron and steel, paper and printing, and miscellaneous industries, including automobiles and rubber.

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. Unfilled orders are principally those
of iron, steel, and building materials. September, 1926, is latest month plotted]

COMMODITY STOCKS

Commodity stocks held at the end of September,
after adjustment for normal seasonal changes, declined
7 per cent from the preceding month, but were still 16
per cent greater than a year ago. As compared with
August, all groups showed increased stocks except
raw foodstuffs, while as compared with last year, all
groups were higher except raw materials for manufacture. In the case of the unadjusted index, both
manufactured foodstuffs and other manufactured
commodities showed smaller stocks than at the end of
August, each group, however, being larger than a year
ago.
SALES
The index of unfilled orders of manufactured commodities, principally iron and steel and building



materials, showed no change from the preceding
month but was 6 per cent smaller than a year ago, an
increase over the preceding month, amounting to 6 per
cent in the case of iron and steel, being offset by a
decline of 7 per cent in building materials. As compared with last year, iron and steel showed no change,
while building materials declined 16 per cent.
Wholesale trade was seasonally larger than in
August, the September volume registering an increase
also over a year ago, amounting to 2 per cent, all lines
showing an increase over September, 1925, except
groceries which showed no change.
Retail trade, as reported by mail-order houses, chain
stores, and department stores, was substantially ahead
of last year, the principal sales increases in chain
systems occurring in 10-cent, cigar, candy, and shoe
chains.

11
The value of merchandise stocks held by department
stores at the end of September, although seasonally
higher than on August 31, were more than 1 per cent
smaller than a year ago.
PRICES

Prices paid producers for agricultural products increased 1 per cent over August but were 6 per cent
lower than a year ago, all groups participating in
this decline from a year ago, except meat animals
and unclassified commodities, which increased. As
compared with the preceding month all groups averaged higher except grains and fruits and vegetables,
which declined.
Wholesale prices also increased over the preceding
month but were 6 per cent lower than in September,
1925, all groups showing a decline from last year
except fuels, which advanced 8 per cent. As compared with last month, wholesale prices for all commodities advanced with the exception of housefurnishing goods and sundry miscellaneous items,
which declined. Commercial indexes showed similar
comparisons with the previous month and a year ago.
The cost of living also advanced over August, but
was almost 1 per cent lower than last year, all items
entering into this index showing a decline from September, 1925, except fuel, which advanced 1 per cent.
As compared with the previous month all groups
were either stationary or higher.

FACTORY EMPLOYMENT

Factory employment in September continued to
show a gain over the preceding month, the total
number of employees on the pay rolls being higher
than at any time since the beginning of the summer.
As compared with last year, 1 per cent more employees
were registered. All industrial groups showed a
greater number of employees than in August, except
lumber and vehicles, which showed no change, with
the largest increases noted in food products, textiles,
leather, paper and printing, chemicals, and tobacco
products. As compared with last year, all industrial
groups showed larger employment except textiles,
lumber, leather, tobacco products and vehicles, which
declined, and food products and nonferrous metals,
which showed no change.
Factory pay rolls in September, although showing
no change from the previous month, were 6 per cent
greater than last year. All industrial groups showed
increased pay rolls over August except stone, clay
and glass, vehicles, and miscellaneous industries, which
declined sufficiently to offset the increases. As compared with last year, all major industries showed
larger pay rolls except tobacco products, which declined, and lumber and vehicles which showed no
change, the increases ranging from 1 per cent in the
case of nonferrous metals to 13 per cent for iron and
steel.

COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE
[U. S. Department of Labor index numbers. Relative prices, 1913=100. September, 1926, is latest month plotted]
250
240




i I i i I i i I ii

12
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Domestic wool receipts at Boston declined seasonally
in September, but were larger than a year ago. Total
receipts declined from September, 1925, owing to the
decline in foreign wool receipts, but for the year to
date increased over the 1925 period for both domestic
and foreign wool. Imports declined from August and
from September, 1925. Consumption of wool by textile mills was larger than in August and somewhat
higher than a year ago. The activity of wool
machinery was greater than in August, but generally
less than a year ago. Prices of wool and its products
were generally unchanged from August.
Although the cotton crop of 1926 is estimated by the
Department of Agriculture to be larger than the 1925
crop, early ginnings and receipts into sight were
smaller than the corresponding 1925 movements.
September exports of cotton were larger than a year
ago, but the nine-month total was lower. Cotton
consumption was the highest since April and 18 per
cent above a year ago, the nine-month total showing
a gain of 3 per cent. Cotton stocks at the end of
September were slightly higher than a year ago.
Although the number of active spindles was only 2
per cent higher than in September, 1925, the total
spindle activity was 16 per cent greater. Cotton
prices to the producer averaged higher than in August,
while the market price at New York was lower.

RAW COTTON CONSUMPTION IN COTTON GBOWING AND ALL
OTHER STATES
[September, 1926, is latest month plotted]

1922

1

J923

I

1924

I

1925 • I

1926

Cotton finishing plants were more active than in
August or than a year ago in orders, production, and
shipments, while stocks were less than at both periods
and unfilled work less than a year ago but higher than
on August 31. The production of cotton textiles
declined from August, although colored goods increased
while the stocks declined for all classes except Osnaburgs. Unfilled orders were greater than on August
31 for all classes except sheetings. Compared with
September, 1925, production was greater, in spite of

STOCKS OF COTTON AT WAREHOUSES AND MILLS
[September, 1926, is latest month plotted]

•W—p-j

H

h-

I I I ' 1

I j 1-h—

. I I I 1 1 - 1 1 1 1 1 1 1 1 1 1 1 1 1 Ljj LU
-3

I




<

-3

O

1913

-3

I

<

I ' I I | ^-UJ—L^q-

i i I • i

I I I J 1 1 I 1. 1 1 1 1 1 1 1 1 1 i

i s U i S 11 i H 1 i i i I i g \ i U I I i S U i § 1 I i s ! ! i H I i H 1 i § H i g

- a C

314
1914

I 1915

I 1916

I 1917

I 1918 I 1919

I 1920 I 1921

I 1922 I 1923

I 1924 I 1925

! 1928

13
declines in several classes. Stocks declined for all
classes except the group including drills, twills, and
sateens. Unfilled orders also were less, although
several classes showed increases. The production of
fine cotton goods in the New Bedford district increased
over both the previous month and a year ago, but the
nine-month total was less than for 1925. Cotton
cloth exports were larger than in August or a year ago,
but smaller for the nine-month comparison. Prices of
cotton yarn and goods averaged higher than in August.
Cotton mill dividends for the third quarter showed a
decline.
Imports of silk increased over August, but declined
from September, 1925. Silk deliveries, on the other
hand, declined slightly from August, but were larger
than a year ago. Warehouse stocks increased, while
those at factories declined from August, both showing
decreases from a year ago. Silk prices advanced over
the August average.
Production and stocks of fresh-water pearl buttons
showed no change from August, but declined from a
37ear ago. Burlap imports were considerably less than
in either previous period, while fiber imports gained
over August, but declined from September, 1925.
FUR SALES
MONTH

1925

1936

$14, 641, 617 $8, 713, 533
January
9, 834, 849 14, 145, 660
February
March . . _ 14, 941, 142 15,473,156
April
12,624 853 16 292 083
!May
12 676 560 13 197 891
11,471,211 15,040,151
June__
July
10, 247 390 13, 229, 610
August
13, 535, 233 17, 646, 852

1

MONTH

September
October
November
December

1935

1936

$11,986,367 $16,969,329
11, 866, 630
14, 372, 055
6 149 620

144, 347, 526
Total
Monthly av 12, 028, 961

i Compiled by the American Fur Merchants' Association, representing sales of fur
to garment manufacturers, retailers, etc., principally in New York City, but also to
other places in the United States and Canada.

IRON AND STEEL

Iron-ore movement and consumption declined seasonally in September, but was much heavier than a
year ago. Stocks were slightly lower than on September 30, 1925. Pig-iron production declined from August, but was 15 per cent higher than a year ago for the
month and 9 per cent higher for the nine-month total.
More furnaces were in blast at the end of September
than either a month or a year previous. Pig-iron
prices showed little change from August.
The output of steel ingots was slightly less than in
August but above the 1925 figures, both for September and for nine months. Unfilled orders of the
United States Steel Corporation rose during September, but were less than a year ago. Bookings and
production of steel castings declined slightly from
September, although more miscellaneous castings
were produced. Bookings were larger than a year
ago, however. Independent sheet mills had larger
production, shipments, sales, and unfilled orders than
in either the previous month or a year ago, sales and
Digitized forunfilled
FRASER orders making especially large gains over


both periods. Stocks declined from August and increased over a year ago, although unsold stocks declined from both periods. Steel barrel manufacturers
had smaller production and shipments, but larger
stocks and unfilled orders as compared with August,
while, compared with a year ago, the changes were
small except for a gain of 27 per cent in unfilled orders.
The output of track work increased over both periods.
Steel prices showed little change, structural beams
averaging higher. Iron and steel exports were larger
than in August and also above a year ago, while imports declined from August, but exceeded those of
September, 1925.
Bookings of fabricated structural steel declined
about 26 per cent, both from August and a year ago,
but shipments increased over both periods. Bookings of fabricated steel plate also declined in about
the same ratio from August but increased over a year
ago, especially for oil-storage tanks. Orders for
machine tools increased over both periods, as did sales
of mechanical stokers. Foundry equipment sales increased, while unfilled orders, though higher than a
month previous, declined from a year ago.
AUTOMOBILES

The output of passenger automobiles declined from
August but was 33 per cent higher than a year ago,
while the nine-month cumulative shows a gain of 16
per cent over the 1925 period. More trucks were
produced than in August but 20 per cent fewer were
made than in September, 1925, though for the year
to date production increased 6 per cent over the 1925
period. Exports of both passenger cars and trucks
increased considerably over both August, 1926, and
September, 1925, while accessories had larger export
shipments than in August but smaller than a year ago.
NONFERROUS METALS

Copper production at the mines and at refineries
was less than in August, while smelter output increased.
Production increased over a year ago in all positions,
both for September and for the year to date. Domestic shipments of refined copper, although less than in
August, were slightly larger than a year ago and
showed a gain of 15 per cent over 1925 for the ninemonth period. Stocks of copper increased slightly
over both the previous month and a year ago, while
exports increased over both periods. The price of
copper averaged fractionally less than in August.
Sales of tubular plumbing fixtures were larger in
quantity than both the previous month or a year ago.
Prices of plumbing goods showed little change. Shipments of fire extinguishers and of motor fire apparatus
declined from August and also from September, 1925.
Tin deliveries declined, both from August and a
year ago, while imports increased over both periods.
Stocks increased over August 31 and declined from
September 30, 1925, both for the United States and
the world. Tin prices increased.

14
COPPER PRODUCTION AND EXPORTS
[September, 1926, is latest month plotted]

TIN: IMPORTS, VISIBLE SUPPLY, AND DELIVERIES TO MILLS
[September, 1926, is latest month plotted]
40,000 r

RELATIVE PRODUCTION AND STOCKS OF ZINC
[1913 monthly average=100. September, 1926, is latest month plotted]

Zinc production was higher than in either August
or a year ago, and more retorts were in operation than
at either previous period. Stocks declined during
September but were one-third larger than a year ago.
Ore shipments from the Joplin district increased over
August and declined from a year ago, while ore stocks
at the mines declined from both periods. Zinc prices
averaged slightly higher than in August.
Shipments of lead ore from the Joplin district were
considerably higher than in either the previous month
or a year ago. Lead prices averaged lower than in
August.
Babbitt metal consumption increased, both over
August and over a year ago, although for the nine
months cumulative consumption was slightly less than
in the 1925 period.
Shipments of enameled sanitary ware were larger
than in August, except for baths, while stocks of baths
were larger, while smaller stocks were reported for the
other classes. New orders and unfilled orders for all
groups declined. Compared with a year ago, shipments, new orders, and unfilled orders all declined, unfilled orders being only about half as large, while
stocks increased for all groups except miscellaneous.
Orders and shipments of electric hoists increased
over both the previous month and a year ago. Bandinstrument sales increased over August in a seasonal
trend, but declined from a year ago, due to smaller
sales of saxophones.
According to the census of manufactures, the value
of products made in the radio industry amounted to
$170,390,572 during the year 1925, as compared with
$54,000,470 in 1923, an increase of 216 per cent.
ORDERS FOR POWER SWITCHING EQUIPMENT 1
FIRST QUARTER, 1926
PRODUCTS

Indoor disconnecting switches.Outdoor disconnecting and air break
pole top switches

Singlepole
units

Value

SECOND

QUARTER,

1926

Singlepole
units

Value

10,776

$329, 964

11,436

$359, 640

7,905

478, 908

10, 191

636, 991

i Compiled by the National Electrical Manufacturers' Association, Apparatus
Division, from reports of 9 manufacturers, comprising power switching equipment,
exclusive of oil circuit breakers, switchboards, and fuses. Single-pole units are not
included in switchboards.

LEAD ORE SHIPMENTS, UTAH 1

FUELS

[Short tons]
MONTH

1928

1921

1922

38,000
38,250
42,430
36 082
39,927

29,821
20,620
16,653
18, 936
15,113
15, 570
20,752
19, 429
22,843
22,538
23,964
27,930

23,652
24,357
26,603
26,739
32,204
36,057
26,139
31,674
41, 670
33,694
37,690
45,340

February
April
May
June
July
August
September
October
November
December

-- --

1923

1924

42,017 36,746
45,531 49,760
57,350 37,896
49,844 40,108
51,505 40,108
58,450 38, 880
34,309 40,312
40,581 60, 674
28,377 47,713
33,515 68, 192
44, 087 55,315
34,445 55, 671

1925

1926

84,569 71,645
73,565 58, 951
70,172 56,902
64,896 75,563
79,413 60,051
61,366 62,418
66,139 69,965
55, 645 59,303
56, 810 62,817
75, 709
58, 192
64,554

i Compiled by the American Bureau cf Metal Statistics, representing shipments
of lead ore from the Park City, Bingham, and Tintic districts of Utah. The
monthly data are based on totals of 4 weeks each, with a fifth week added in 4
months hi the year, this accounting for most of the larger fluctuations. Details

for each of the three districts are given in the bureau's monthly report.



Bituminous coal production was the largest since
last January, bringing the nine-month total to 11 per
cent above a year ago. The consumption of coal by
coke plants increased still further. Exports continued
their steady increase, and were 60 per cent higher than
1925 on the cumulative 'figures. Prices increased in
all positions.
Anthracite production increased over August, while
exports declined and prices rose fractionally.
Beehive coke output was much larger than in
August or a year ago, while by-product output was

15
less than in August, although gaining over September,
1925. Exports of coke declined from both periods.
Coke prices rose over August but declined from a year
ago.
According to a report recently released by the Interstate Commerce Commission, there were 70,009 miles
of petroleum pipe lines in operation during the year
1925, over which 831,199,821 barrels of oil were transported.
BITUMINOUS AND ANTHRACITE COAL PRODUCTION
[September, 1926, is latest month plotted]

outward movement during the first nine months was
16 per cent ahead of the corresponding period of the
preceding year. Prices for sole leather averaged
higher than in August, while chrome calf showed no
change, both, however, averaging lower than a year
ago.
The output of boots and shoes was greater than in
either the preceding month or September, 1925.
Export of boots and shoes showed similar comparisons.
Wholesale prices of shoes, although showing no change
from the preceding month, averaged lower than a
year ago.
IMPORTS OF HIDES AND SKINS
[September, 1926, is latest month plotted]

BEEHIVE AND BY-PRODUCT COKE PRODUCTION
[September, 1926, is latest month plotted]

RUBBER AND RUBBER PRODUCTS

HIDES AND LEATHER

Imports of hides and skins, although lower than in
August, were higher than in September a year ago, all
classes of hides and skins showing an increase over
last year except cattle hides. For the nine months
ending with September, imports of hides and skins
were greater than during the same period of 1925,
although cattle hides and sheepskins were imported
in smaller quantities. Prices of cattle hides averaged
higher than in August, while calfskins showed no
change. Quotations on both, however, were substantially below a year ago.
Exports of sole leather, although greater than in
August, were substantially smaller than a year ago,
with the nine-month total showing a decline of 22
per cent from the corresponding period of 1925.
Exports of upper leather were larger than in either the
preceding month or September a year ago, while the



Imports of rubber, including latex, were larger in
September than in either the previous month or the
same month of 1925. For the calendar year thus far,
rubber imports were 8 per cent ahead of the same
period of 1925. The wholesale price of rubber,
although lower than a year ago, averaged higher than
in August. The output of pneumatic tires was
smaller than in August, but greater than a year ago,
while the production of inner tubes showed an increase
over both periods. Domestic shipments of both
tires and tubes was smaller than in the previous
month, but substantially larger than a year ago.
Stocks of tires and tubes were considerably greater
than at the end of September, 1925.
PAPER AND PRINTING

Although imports of mechanical wood pulp were
larger than in either the preceding month or the same
month of 1925, the inward movement of chemical
pulp, by far the more important species, showed a
decline from both comparative periods. Totaling the
two species together, imports for the first nine months
of this year were slightly larger than during the same
period of 1925.

16
The domestic production of newsprint paper,
although smaller than in August, was higher than a
year ago. The Canadian output showed a similar
comparison. For the first nine months of the year,
the domestic output was 12 per cent greater than a
year ago, while the Canadian output, greater in quantity than the domestic output, showed an increase of
24 per cent. Shipments of newsprint showed similar
comparisons for the nine-month period. Imports of
newsprint paper, although lower than in August, were
26 per cent ahead of last year, with a similar increase
for the nine-month period. Imports of newsprint
paper, although lower than in August, were 26 per
cent ahead of last year, with the increase for the ninemonth period showing a similar percentage. Stocks
of newsprint, both in the United States and Canada,
were smaller at the end of September than at the end
of the preceding month or September a year ago.
Prices of newsprint paper showed no change from the
previous month, but were 5 per cent lower than last
year.
The other principal kinds of paper showed increased
production compared with August and a year ago,
except wrapping paper.
NEWSPRINT PAPER PRODUCTION AND MILL STOCK
[September, 1926, is latest month plotted]

previous month or the same month of last year.
For the year to date, however, losses were 12 per cent
higher than during the same period of 1925.
LUMBER PRODUCTS

Production of the principal species of lumber was
generally smaller than a year ago, such species as
Southern pine, Douglas fir, Western pine, and California redwood showing declines. Lumber shipments
in general showed similar comparisons with September
a year ago, while stocks recorded increases.
Production of oak and maple flooring was larger
than in either the preceding month or September,
1925, while for the calendar year thus far, the output
of flooring was substantially ahead of the same period
of last year. Shipments, although below the preceding
month, were higher than a year ago, with a similar
comparison for the cumulative total. Stocks declined
from the preceding month but were considerably
larger than the holdings of last year. New orders
booked were smaller than in August and, in the case
of maple, smaller than a year ago. Unfilled orders of
flooring were smaller than at the end of either the previous month or September, 1925, except in the case
of maple, which showed larger forward business than
at the end of August.
MILL PRICES, DOUGLAS-FIR FLOORING,
1 BY 4. B AND BETTER,
1

V. G.

[Dollars per M feet b. m.]
MONTH

January
February
March
April

_

May
June
July
August
September.
October
November
December
Monthly a v

1920

1932

1923

1924

1925

1926

$47. 65
45 79
46 24
46 55
47 08
47 17
46 82
45 77
46.72
48.44
48.01
47.20

$48, 73
47 45
46 79
46 40
45 97
48 78
42 61
49 03
48.57
47.94
46.65
47.97

$50 76
50 25
51 18
53 75
51 51
52 84
50 57
51 33
52.10
53.09
51.88
49.63

$50 53
48 52
47 15
45 93
45 18
44 74
42 98
43 47
43 93
43 06
44.06
44.43

$45 45
44 38
43 89
42 96
42 07
41 26
41 02
41 81
41 00
41 45
40.59
40 27

$40 23
40 09

46.95

47.24

51.57

45.33

42.18

4ft 9ft

40 20
OQ AK

39
on
38
38

47
97
50
23

i Average of mill prices on the Pacific coast furnished through the U. S. Department of Labor, Bureau of Labor Statistics.
BUILDING CONSTRUCTION

Residential building costs averaged lower than in
August, while costs for commercial construction were
higher. Both residential and commercial indexes,
however, were higher than a year ago. Contracts
awarded for new building in 36 States were lower,
measured both in floor space and in value, than in
either the previous month or September, 1925. For
the year thus far, however, the value of new contracts
let was 7 per cent ahead of 1925, despite a decline of 3
per cent in floor space. The increase in the value of
contracts during the first nine months was due mostly
to larger awards for commercial and industrial structures, residential building showing only an increase of
1 per cent. Fire losses in the United States and
Canada were smaller in September than in either the



_

1931

Bookings of plywood, although larger than in
August, were smaller than a year ago. Plywood
shipments showed a similar comparison, while unfilled
orders at the end of the month were smaller than at
the end of either the previous month or September,
1925. Purchases of rotary-cut veneer were smaller
than in August, but receipts were substantially larger.
Production of circled headings for wooden barrels
showed an increase over August, while shipments
declined.
STONE, CLAY, AND GLASS PRODUCTS

Production and shipments of face brick, although
smaller than in August, were each larger than a year
ago. For the year to date, however, production
was slightly larger but shipments were smaller than

17
during the corresponding period of 1925. Stocks of
face brick at the end of September were larger than
at the end of either the previous month or a year ago.
Unfilled orders were smaller than on August 31, but
larger than last year.
The output of paving brick was smaller than in
either the previous month or September a year ago.
However, paving-brick shipments, although smaller
than in August, were larger than last year. For the
year to date production of paving brick was smaller
but shipments were greater than during the same
period of 1925. New orders received for paving
brick were smaller than in either the previous month
or a year ago, although for the first nine months
orders were 3 per cent greater than during the corresponding period of the previous year. Unfilled orders
of brick, although smaller than at the end of August,
were 10 per cent greater than a year earlier.
Bookings for architectural terra cotta showed a
decline in September from both the previous month
and the same month of last year, both in tonnage
and value. For the year to date, terra-cotta bookings
showed a decline of 3 per cent in tonnage but an
increase of 1 per cent in value.
Production and shipments of cement, although
smaller than in August, were each larger than a year
ago. Both production and shipments showed
increases in their nine-month totals over the same
period of 1925. Stocks of cement were smaller than
at the end of August but substantially larger than
a year ago. Wholesale prices for cement showed no
change from the previous month but were lower than
last year. New concrete paving contracts awarded
in September were smaller than in either the previous
month or the same month of 1925, with a similar
comparison for the nine months7 total.

CHEMICALS AND OILS

Exports of sulphuric acid were smaller in September
than in either the previous month or September, 1925.
For the nine months ending with September, however,
the export movement was 26 per cent greater than
during the same period of 1925. Wholesale prices for
sulphuric acid showed no change from August but
Averaged 7 per cent higher than a year ago. In the
table below are given the production, consumption,
sales, and stocks of sulphuric acid for the fertilizer
industry covering the first half of 1926, with comparisons for 1925.
SULPHURIC ACID IN THE FERTILIZER INDUSTRY 1
[Short tons]
1926

1925

Per
cent of
increase, ?
first
half
First half, Second half, First half,
January1925
JanuaryJulyDecember
June
to first
June
half
1926

Stocks on hand at beginning of
period
_ _
Produced in establishments reporting
Purchased 3

101, 416

104, 376

108, 586

-6.6

935, 433
378, 415

955, 084
435, 210

855, 338
330, 219

9.4
14.6

1, 415, 264

1, 494, 670

1, 294, 143

9.4

Consumed in making fertilizers
1, 085, 877
Sales to fertilizer works
151, 232
Sales to other than fertilizer works. _
94, 761
Stocks on hand at end of period
83, 394

1, 122, 025
181, 368
90, 815
100, 462

971, 984
128, 700
93, 473
99, 986

11.7
17.5
1.4
-16.6

Total

1
2

Compiled by U. S. Department of Commerce, Bureau of the Census.
A minus sign (—) denotes decrease.
3 Transfers from and transfers to other plants of the same company are reported
as purchases and sales, respectively.
WHOLESALE PRICES OF CHEMICALS, BY GROUPS
[September, 1926, is latest month plotted]

CEMENT PRODUCTION AND STOCKS
[September, 1926, is latest month plotted]

The production of polished plate glass was greater
than in either the previous month or September, 1925.
For the first nine months of the current year plateglass production was 16 per cent ahead of the corresponding period of 1925.
16216—26f
3



Imports of nitrate of soda and potash were each
smaller than in either the preceding month or September, 1925. For the first nine months, nitrate of soda
imports were smaller and potash imports larger than
during the corresponding period of 1925. Consumption of fertilizer in Southern States was 17 per cent
greater than in September a year ago, while exports of
fertilizer were smaller than in eithe'r the preceding

18
month or the same month of last year. Fertilizer
exports, for the first nine months, however, were 14
per cent larger than during the same period of 1925.
Exports of dyes and dyestuffs were smaller than in
either the preceding month or September of last year,
with a similar comparison for the nine-month's total.
According to the annual survey of the United States
Tariff Commission, the output of coal-tar dyes by 75
firms was 86,345,438 pounds in 1925, as compared
with 68,679,000 pounds in 1924. The total sales in
the two years were 79,303,451 pounds, valued at
$37,468,332, and 64,961,433 pounds, valued at
$34,012,400, respectively. Vat dyes, other than indigo
reported a peak production, with a total of over
2,600,000 pounds, or an increase of 43 per cent over
the 1924 figures. The total output of vat dyes,
including indigo, was 31,730,000 pounds, as compared
with 21,818,000 pounds in 1924.
Purchases of crude methanol by refiners were larger
than in either the preceding month or September,
1925, with consumption showing similar gains. Stocks
of crude methanol at refineries were substantially
lower than a year ago, while exports showed a large
gain over the previous September, though declining
from the preceding month. The production of refined
methanol was greater than in either the previous month
or the same month of last year, while refined methanol
stocks showed a substantial drop from a year ago.
Receipts of naval stores at the principal Southern
ports were larger than in September, 1925, but for the
first nine months of this year both turpentine and rosin
receipts reported declines from the corresponding
period of the previous year. Stocks of turpentine
held at the principal ports were larger than a year ago,
while rosin stocks were smaller. Stocks of turpentine
and rosin held at stills were each smaller than last
year. The price of turpentine averaged lower than in
either the previous month or in September, 1925, while
rosin prices, although lower than in August, averaged
higher than in September of last year.
The production of dry roofing felt was larger in
September than in either August or a year ago, roofing
felt stocks showing a decline from the preceding month,
although they were larger than last year.
Exports of vegetable oils were larger than in August
but smaller than last year, while the import movement,
by far the more important, showed a decline from
August but a substantial gain over last year, with a 5
per cent increase over 1925 in the nine-month's total.
Consumption of oleomargarine was larger than in
either the previous month or September, 1925, with a
similar comparison for the nine-month cumulative.
Cottonseed stocks held at the end of September were
smaller than a year ago. Production of cottonseed oil
was smaller also, while stocks of cottonseed oil at the
end of September increased over last year. Prices
of cottonseed oil, although showing no change from a




year ago, declined from the previous month. Receipts and shipments of flaxseed at Northwestern
markets were smaller than last year, with declines also
noted in the nine-month totals.
CEREALS

In spite of a lower spring wheat crop the total wheat
crop is estimated at about 170,000,000 bushels above
1925. The visible supply of wheat in the United
States on September 30 was 50 per cent larger than a
year ago, but Canadian stocks were smaller. Both
receipts and shipments of wheat declined from September, 1925, but exports were much larger, both for
wheat and flour. The prices of both wheat and flour
declined from August.
The corn crop is estimated at about 200,000 000
bushels less than the 1925 crop. Receipts in September were slightly larger than a year ago, the visible
supply over three times as large, but shipments and
exports were less. Grindings into glucose and starch
exceeded those of a year ago. The price of corn declined slightly from August.
DISTRIBUTION OF CORN SIRUP (GLUCOSE)
[In pounds]
19 25
Use

1926

First 6
months

Last 6
months

Mixed sirup
Manufacturing confectioneries
Jams, jellies and preserves
Bakers .
.
Brewers
Technicals (textile, paper, etc.)
Tobacco manufacturers
Ice-cream manufacturers
Miscellaneous (dealers)

158 681 600

171 206 441
244, 274, 082
12 531 258
24, 171, 174
5 038 683
4, 852, 723
2 037 262

Total domestic consumption
Exported ._
Total distribution

204, 680, 429
11 796 071
23, 841, 186
6 675 881
3, 667, 711
2 447, 970
387, 349
27, 442, 565

1

First 6
months
212,943 001

203, 696, 692

10,632 493
24,676,355
5,072 768

4, 431, 278

1,966,761

292,315
29 111,971

215, 172
28, 084, 039

493, 620, 762
57, 602, 834

493,515,909

79, 434, 770

491, 718, 559
64, 815, 575

497, 223, 596

562, 950, 774

556, 534, 134

* From data computed by the Associated Corn Products Manufacturers comprising
total distribution of these products by manufacturers.

The oats crop is also estimated to be about
200,000,000 bushels less than last year. Receipts,
visible supply, and exports were all considerably less
than in September, 1925, while prices rose over
August.
The barley crop is estimated as about 20,000,000
bushels less than in 1925, and receipts, visible supply,
and exports all declined from a year ago. The price
of barley averaged higher than in August.
Rye production is estimated as almost 7,000,000
bushels less than in 1925. Receipts in September were
below those of a year previous, but the visible supply
and exports were considerably greater. The price of
rye averaged less than in August.
Rice receipts as paddy to Southern mills were
larger than in September, 1925, and shipments of clean
rice also increased. Stocks of rice were almost
twice as high as a year ago. Exports and imports of
rice were both much larger than in September, 1925.

19
Carlot shipments of potatoes and onions and market
receipts of hay were less than in September, 1925.
Citrus-fruit shipments increased 52 per cent over a
year ago. Apple shipments were slightly larger than
in the previous year but storage holdings were less.
MEATS AND DAIRY PRODUCTS

Cattle movement and slaughter increased over
August and over a year ago, as did exports and
storage holdings of beef products. The price of cattle
advanced considerably over August; carcass beef was
fractionally higher and steer rounds remained
unchanged.
The movement of hogs increased over both August,
1926, and September, 1925, local slaughter showing a
slight decline from August. Exports of pork products
increased over August and declined from a year ago,
while storage holdings showed the reverse comparisons.
Lard production declined from August and increased
over a year ago. Hog prices averaged higher than in
August, but hams and lard were lower.
The movement and slaughter of sheep increased
considerably over both the previous month and a year
ago, and storage holdings of lamb and mutton were
also larger than at the end of either previous period.
Prices of sheep averaged less than in August.
Poultry receipts increased over both the previous
month and a year ago, storage holdings increasing
over August 31 and showing little change from a year
ago. The fish catch declined from both previous
periods while storage holdings increased.
INSPECTED SLAUGHTER OF CATTLE, CALVES, SHEEP, AND HOGS
[September, 1926, is latest month plotted]

1.800'

L

SHEEP AND LAMBS

A^-

Egg receipts and storage holdings declined seasonally
from August, receipts showing little change from a year
ago, while stocks declined.
Receipts of butter were about on a par with those
of September, 1925, but storage holdings were 10 per




cent larger. The price of butter rose seasonally, but
was lower than a year ago.
Cheese receipts and storage holdings declined from
both the previous month and a year ago, but imports
and exports both increased considerably over these
periods. The price of cheese advanced over the
August average but declined from a year ago.
POWDERED MILK SALES, LESS RESALES 1
[Pounds]
MONTH
January
February
March _
April
May
June .
July..
August

_
_ __

..

.__

September
October
N o vember
December
Total
Monthly average

.

1934

1925

1936

2, 768, 886
3, 465, 305
3, 542, 538
4, 293, 225

3, 661, 006
2, 907, 083
3, 736, 391
4, 010, 464

4, 367, 680
4, 448, 308
4, 893, 278
5, 114, 881

5, 241, 805
5, 156, 637
4, 091, 108
4, 679, 385

5, 026, 025
7, 060, 075
5, 124, 738
4, 528, 134

6, 141, 487
6, 806, 451
5, 836, 726
5, 362, 643

3, 923, 036
3, 277, 246
2, 818, 217
4, 123, 760

4, 005, 276
4, 523, 435
3, 870, 007
3, 714, 692

5, 111, 450

47, 381, 148

52, 167, 326

3, 948, 429

4, 347, 277

1
Compiled by the American Dry Milk Institute from reports of 31 identical firms,
revising previous data which included reports of only 21 firms.

SUGAR, COFFEE, AND TEA

Imports of raw sugar from foreign countries increased over August and also over a year ago, but if
sugar imported from Hawaii and Porto Rico is included, imports were considerably less than in September, 1925. Meltings declined slightly from both
previous periods. Stocks of raw sugar at refineries
made the usual seasonal decline in September but
were 53 per cent larger than on September 30, 1925.
Exports of refined sugar were much smaller than in
August or than a year ago. Raw sugar and granulated at wholesale averaged higher than in August
while retail prices were unchanged. Receipts and
exports in Cuba increased over both the previous
month and a year ago, while stocks declined seasonally
from August 31 and were slightly higher than a year
previous.
Coffee imports declined both from August and a
year ago. The world visible supply also declined from
both previous periods while domestic stocks were
larger. Receipts and clearances from Brazil were
much smaller than a year ago. Tea imports were 21
per cent larger than in August but only slightly above
those in September, 1925.
TOBACCO

The consumption of tobacco products, measured by
tax-paid withdrawals, increased slightly over August
and made larger gains over September, 1925, except
manufactured tobacco and snuff, which showed little
change. Exports of cigarettes declined from August
but more than doubled the exports of a year ago,
while leaf tobacco exports increased over August and

20
declined from a year ago. The tobacco crop is
estimated at about 50,000,000,000 pounds below list
year's.
SHIPPING

Traffic through the Sault Ste. Marie Canal and on
the Ohio River increased over a year ago, though
making seasonal decreases from August. The Welland St. Lawrence Canals had greater traffic than in
August, but only the St. Lawrence showed an increase over last year. Ocean traffic clearing from our
ports declined slightly from August but increased
considerably over a year ago, especially foreign
vessels. Shipbuilding was almost 50 per cent less than
in either August, 1926, or September, 1925.
RAILROADS

The surplus of idle cars at the end of September
was reduced from both the previous month and a year
ago, the latter decline being due to the reduced
surplus of coal cars. Shortage of cars was about the
same as a year ago. Car loadings were 6 per cent
larger than in September, 1925, all groups except
grain and grain products showing increases. Ore,
coal, and livestock made the greatest relative gains.
Locomotive equipment owned by railroads continued to decrease in number and increase in tractive
power. Orders from manufacturers declined, but a
large number were being built in railroad shops.
Shipments by manufacturers increased, owing to the
larger output of steam locomotives for domestic use,
as all other classes declined both from August and
from a .year ago. Unfilled orders of locomotive
manufacturers declined from August 31 in spite of a
large increase for steam locomotives on foreign account, but unfilled orders were larger than a year ago
for all classes of locomotives except domestic electric.
Exports declined from both previous periods.

from manufacturers increased but shipments declined
and fewer cars were being built in railroad shops.
Passenger-car orders increased considerably while
shipments declined from August but were much
higher than a year ago.
DISTRIBUTION MOVEMENT

Sales by mail-order houses were larger in September
than in either the preceding month or the corresponding month of 1925. For the first nine months of the
year the total sales volume of two large houses,
aggregating $324,000,000, was 11 per cent greater
than during the corresponding period of the preceding
year. The total sales of four leading 10-cent chain
systems were also larger than in either the previous
month or the same month of 1925, while for the
first nine months of the present year the total sales
volume, aggregating almost $300,000,000, was 9 per
cent ahead of the previous year. Other chain stores
recorded larger business in September than a year ago.
Magazine advertising was larger in September than in
either the previous month or the same month of
1925, while newspaper advertising showed similar
comparison. Both magazine and newspaper advertising for the first nine months recorded advances
over the corresponding period of 1925.
SALES BY MAIL-ORDER HOUSES AND TEN-CENT CHAIN STORES
[September, 1926, is latest month plotted]

SURPLUS, SHORTAGE, AND BAD-ORDER FREIGHT CARS
[September, 1926, is latest month plotted]

LIFE INSURANCE

Freight-car equipment also increased in capacity
though declining in number, and bad-order cars
declined both from August and a year ago. Orders



New life insurance business written in September,
although smaller than in the preceding month, was
greater than a year ago, both in the number of policies
and contracts and their aggregate value. New group
insurance written in September was larger than in
either the preceding month or the same month of last
year. For the first nine months of 1926 an increase
of 2 per cent in the number of policies and contracts
written may be compared with an increase in the total
value of 8 per cent. Group insurance in the same
period showed a 21 per cent increase in the value of
new business.

21
BANKING AND FINANCE

Check payments outside New York City were larger
than in either the previous month or September a year
ago. In New York City, however, an increase over a
year ago only was registered. For the year to date
check payments showed an increase outside of New
York amounting to 7 per cent, and in New York
amounting to 11 per cent.
Bills discounted by Federal reserve banks continued
to increase, and at the end of the month were larger
than at any time this year. Federal reserve notes
in circulation were larger than in either the previous
month or the corresponding month of last year, with a
similar comparison for investments and total deposits.
Although the reserve ratio was lower than at the end
of August, it was slightly higher than a year earlier.
BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS
[September, 1926, is latest month plotted]

Loans and discounts of Federal reserve member
banks increased, and at the end of the month were
higher than at any similar period on record. Total
investments of member banks were larger than in
either the previous month or the corresponding month
of last year while net demand deposits, although larger
than in August, were lower than a year ago.

member banks in New York were 2 per cent higher
at the end of the month than on August 31. Interest
rates on New York call loans averaged higher than in
either the previous month or September, 1925, with
similar comparisons for commercial-paper rates. Dividend and interest payments were larger than in
either the previous month or the same month of last
year, while for the nine months ending September 30
an increase of 6 per cent was registered over the same
period of the previous year. Bond prices averaged
lower than in August but higher than a year ago.
The Government debt continued to decline and at
the end of the month was almost 5 per cent lower
than a year ago. Customs receipts in September
were larger than in either August or the same month
of 1925. For the year to date customs receipts were
5 per cent ahead of the same period of 1925. Ordinary
receipts of the Federal Government, reflecting the
effect of the quarterly installment of the income tax,
were larger than in August and 13 per cent greater
than a year ago. Expenditures chargeable to ordinary receipts were larger than in the previous month
but 12 per cent smaller than in September, 1925.
For the first nine months of the calendar year an increase of 8 per cent in total ordinary receipts over the
previous year may be compared with a decline of
almost 2 per cent in the case of expenditures chargeable to ordinary receipts. Money in circulation, outside the United States Treasury and Federal reserve
system, was larger than in either the previous month
or the same month of last year.
NUMBER OF BUSINESS FAILURES AND DEFAULTED LIABILITIES
[September, 1926, is latest month plotted]

LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS
[September, 1926, is latest month plotted]

1921

1921

Prices of stocks, both industrial and railroad, continued to average higher in September, being 6 per
cent and 17 per cent higher, respectively, than a year
ago. The volume of sales on the New York Stock
Exchange, unchanged from a year ago, was smaller
than in August. Loans to brokers by Federal reserve



1922

1923

1924

1925

1926

Business failures were less numerous in September
than in either the previous month or the same month
of 1925. Defaulted liabilities, however, although below a year ago, were larger than in August. For the
first nine months of the year the total number of
failing firms was slightly greater than for the same
period of 1925, but liabilities declined 13 per cent.
For the quarter ending September 30 more bank
failures were reported, with greater liabilities than in
either the preceding quarter or the corresponding
quarter of 1925.

22
GOLD AND SILVER

Domestic receipts of gold at the mint were larger in
September than in either the previous month or
September a year ago, but for the first nine months
the total was slightly smaller than during the same
period of the previous year. The output of gold at
the Rand mines was smaller than in August but
larger than a year ago, while the total for the calendar
year to date was 3 per cent ahead of last year. Gold
imports were larger than in either the previous month
or September, 1925, while exports, although lower
than in August were more than three times as large
as a year earlier. The gold trade balance again
showed an excess of exports over imports. For the
year to date the import movement was in excess of
exports.
Silver production, although smaller than in August,
was greater than in September, 1925. For the calendar year thus far, however, the output of silver was
3 per cent below a year ago. Imports of silver were
larger than in either the previous month or September
a year ago, with the same comparison for the cumulative total covering the first nine months. Exports
of silver were smaller than in either the previous month
or in September, 1925, with a similar comparison for
the cumulative total. Silver prices continued to
average lower, with the prevailing quotations in
September 15 per cent below a year ago.
GOLD TRADE BALANCE: SHOWING EXCESS OF IMPORTS OR
• EXPORTS
[September, 1926, is latest month plotted]

FOREIGN TRADE AND EXCHANGE
Imports of merchandise into the United States were
greater than in August but smaller than a year ago,
but for the calendar year thus far the value of imports
was 8 per cent ahead of the corresponding total for
1925. Exports of merchandise, including reexports,
were larger in September than in either the previous
month or September, 1925. For the calendar year
thus far, however, exports were almost 3 per cent lower
than during the same period of the previous year.
During the first nine months of 1926 there was an
export balance registered, but this balance was not
as large as during the same period of 1925.
The rate of exchange on England and Belgium
declined from the preceding month and in the case of
the Belgian franc was lower than a year ago. Exchange
on the other principal countries either showed no



change from August or was higher, with the exception
of the Indian rupee and the Brazilian milreis, which
declined. All principal currencies were higher than
a year ago except the French franc, the Italian lira,
the Netherlands guilder, and the Indian rupee.
IMPORTS AND EXPORTS OF MERCHANDISE
[September, 1926, is latest month plotted]

ADDITIONAL PRELIMINARY RETURNS, CENSUS OF MANUFACTURES, 1925
VALUE OF PRODUCTS

INDUSTRY

1925

1923

Thousands of
dollars
Baskets and rattan and willowware
Blacking, stains, and dressings.
Carriages, wagons, sleighs,
sleds, and materials. _
Cash registers and adding and
calculating machines
Chocolate and cocoa products
(revised).
Engravers' materials
Explosives. _
Files
Flexible metallic tubing and
hose
Grass and coir mats and matting .
Lasts and related products
Men's collarsNets and seines
Oleomargarine.
Paper bags
Regalia, badges, and emblems.
Saws
Screw-machine products ......
Stereotyping and electrotyping
__
Steel and copperplate engraving and plate printing
Straw hats...
Suspenders, garters, and other
elastic goods
Type founding
Vitreous china plumbing fixtures
Waste _ ..
Wooden cigar boxes

PERSONS EMPLOYED

Per cent miniPer
mum month
cent inPer
is of maxicent in-l crease
mum month
over
crease
19231
1925
1923

16, 260
24, 920

14, 713
25, 822

10.5
-3.5

13.9
-13.9

76.2
86.3

74.6.
84.3;

30, 052

44, 686

-32.7

-38.3

88.3

82.6.

98, 188

95, 106

3.2

—11.4

93.9

86.2

106, 642
2,014
69, 669
13, 533

95, 531
2,303
75, 029
13, 565

11.6
-12.5
-7.1
-0.2

3.7
-21.0
-10.8
-8.3

82.3
95.6
92.8
93.8

76.1
92.2
86.9
92.4

3,492
9,301
27, 588
5,157
39, 856
44, 572
9,623
26, 781
42, 998

3,890 -10.3
9,900 -6.0
42,666 -35.3
11.4
4,628
10.9
35, 953
9.2
40, 811
-9.1
10, 586
30, 787 -13.0
39, 239
9.6

-8.5
-9.9
-31.2
.3
10.4
19.2
-7.2
-13.1
-3.3

67.4
87/5
83.9
88.1
83.1
91.3
91.0
92.8
83.3

61.0
83.5
88.0
92.7
78.6
93.2
89.594. 884. a

22, 361

20, 596

8.6

4.6

97.2

96. a

31, 917
28,154

32, 551
32, 569

-1.9
-13.6

-4.3
-13.1

84.3
47.9

86.3
45.6

27,504
2,434

24, 297
2,512

13.2
-3.1

10.9
-11.2

80.9
90.2

77.4
88.2

27, 239
38, 934
12, 925

24, 684
33, 701
14, 796

10.4
15.5
-12.6

13.7
10.4
-5.2

88.4
96.1
86.4

69.7
95. &
88.2

77.4

3,838

i A minus sign (—) denotes decrease.

GROSS RECEIPTS FOR SERVICES PERFORMED
VALUE OF PRODUCTS

INDUSTRY

Cloth sponging and refinishmg.
Enameling and japanning
Wool scouring

PERSONS EMPLOYED

Per cent minimum month
Per
Per
1923
1925
is of maxi- cent
cent
mum month increaseincrease
or deor decrease
Thousands of crease i
1925
1923
dollars
3,880
6,652
5,831

i A minus sign (—) denotes decrease.

4,652
5,448
8,190

-16.6
22.1
-28.8

87.9
79.6
57.9

91.0
88.1
72.7

-24.2
17.9
-24.5

23

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.
1935

PER CENT I NCREASE (+)
OE DECILEASE (— )

1926

Maxi-

Mini-

since
Jan. 1,
1920

since
Jan. 1,
1920

July

180

73

99

116

151

116

12

148

+ 22. 3

-2. 0

156
216
137
122
273
150
188
142
131
145

62
105
41
0
0
17
78
38
57
80

145
215
102
116
217
136
165
126
94
114

151
214
116
121
217
135
164
122
89
126

133
208
121
1
187
134
157
125
80
103

150
206
112
115
254
143
176
126
84
99

156
211
119
112
272
143
165
137
99
112

156
207
126
115
245
142
177
137
113
106

-0. 0
-1. 9
+ 5. 9
+ 2. 7
-9. 9
-0. 7
+ 7. 3
0. 0
+ 14. 1
-5. 4

+ 17. 3
+ 6.2
+ 4. 1
+ 99. 0
+ 31. 0
+ 6. 0
+ 12. 7
+ 9. 6
+ 41. 3
+ 2. 9

138
253
143
177
153
245
390
185
190

80
19
58
64
54
30
21
45
94

111
215
96
75
75
111
91
141
147

107 ^105
42
115
109
105
68
73
116
91
88
78
88
95
162
155
143. 141

115
253
89
76
77
117
106
170
152

111
133
97
75
100
91
117
185
148

113
48
117
75
145
78
124
141
149

+ 1. 8
-63. 9
+ 20. 6
0. 0
+ 45. 0
-14. 3
+ 6. 0
-23. 8
+ 0. 7

+ 7. 6
+ 14. 3
+ 11. 4
+ 2. 7
+ 25. 0
0. 0
+ 30. 5
-13. 0
+ 5. 7

240
242
254
405
310
170

49
43
58
50
19
19

69
104
113
162
14
25

106
138
105
152
75
56

191
156
199
332
234
110

103
175
138
224
12
20

114
169
102
240
48
43

172
133
180
327
213
95

+ 50. 9
21. 3
+ 76. 5
+ 36. 3
+ 343. 8
+ 120. 9

-9. 9
-14. 7
-9. 5
-1. 5
— 9. 0
-13. 6

136
137
164
267
149

61
59
51
20
24

126
124
92
261
93

132
135
71
231
93

131
132
85
216
92

119
118
72
271
85

117
117
62
258
92

117
116
81
222
93

— 0. 0
-0. 9
+ 30. 6
-14. 0
+ 1. 1

— 10. 7
- 12. 1
-4. 7
+ 2. 8
+ 1. 1

135
137
129
130
151
166
115
127
191
174
195
135
157

71
68
77
54
32
57
63
69
92
69
71
70
37

128
128
114
95
105
148
82
106
172
160
189
127
156

122
122
110
91
116
160
90
106
171
157
186
120
118

122
122
109
97
118
158
89
106
173
151
183
123
118

127
127
123
95
125
144
78
123
176
174
173
128
132

135
135
119
97
135
147
90
122
176
172
175
132
157

134
134
109
110
133
148
93
119.
179
165
180
133
149

-0. 7
-0. 7
-8.4
+ 13. 4
-1. 5
+ 0. 7
+ 1. 5
-2. 5

+9. 8
+ 9. 8
0.0
+ 13. 4
+ 12. 7
— 6. 3
+ 4. 5
+ 12. 3
+ 3. 5
+ 9. 3
-1. 6
+ 8. 1
+ 26. 3

SepAugust tember

July

SepAugust tember

September, September,
1926, from
1926, from
August, 1926 September,
1925

PRODUCTION
(Relative to 1919 monthly average as 100)
RAW MATERIALS

Grand total
MINERALS

Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*
Copper
Lead
Zinc__
Gold
Silver

__
_

___

ANIMAL PRODUCTS (marketings)

Total
Wool*
Cattle and calves
Hogs
Sheep
Eggs*
Poultry*
Fish
Milk (New York)

1__

CROPS (marketings)

Total
Grains*
Vegetables*
_
Fruits*
Cotton products*
Miscellaneous crops*

_ _
___ __

FOREST PRODUCTS

Total
Lumber
Pulpwood
Gum (rosin and turpentine)*
Distilled wood
MANUFACTURING

Grand total (adjusted for working days)
Grand total (unadjusted)
Foodstuffs _
Textiles
Iron and steel
Lumber
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.




+ 1. 7
-4. 1
+ 2. 9
+ 0. 8
— 5. 1

24

INDEXES OF BUSINESS—Continued
1935

PER CENT INCREASE (+)
OR DECREASE (— )

1926

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

184
310
189
121
185

91
73
89
58
86

133
149
100
83
173

142
158
119
78
185

148
160
155
79
180

167
256
120
89
172

184
310
127
88
177

172
256
129
89
182

-6.5
-17.4
+ 1.6
+ 1. 1
+ 2. 8

+ 16.2
+ 60.0
-16. 8
+ 12.7
+ 1.1

168
250
202
115
179

84
70
68
56
88

125
122
84
91
175

124
118
88
91
173

139
133
153
87
171

151
203
98
97
173

146
191
89
100
170

150
188
122
95
172

+ 2.7
1. 6
+ 37. 1
-5.0
-1. 2

+ 7.9
+ 41. 4
-20.2
+ 9.2
+ 0.6

116
112
153

40
32
25

51
36
113

52
36
121

52
38
109

48
37
94

49
36
99

49
38
92

0. 0
+ 5. 6
-7. 1

-5.8
0.0
-15. 6

126
129
136
135
133
150
i 89

60
59
43
62
88
58
1
46

83
99
47
85
111
85
79

87
98
65
83
108
106
79

94
109
72
92
120
112
82

82
98
52
84
114
78
78

87
98
69
83
115
102
81

96
111
80
92
123
114
85

+ 10.3
+ 13. 3
+ 15. 9
+ 10.8
+ 7.0
+ 11. 8
+ 4.9

+ 2.1
+ 1.8
+ 11. 1
0.0
+ 2.5
+ 1.8
+ 3. 7

170

49

87

89

114

98

98

120

+ 22. 4

+ 5.3

427
214
332
225
212
282
188

84
55
119
109
106
109
72

183
104
259
166
136
181
122

195
128
243
171
142
202
120

191
136
245
169
142
202
129

206
108
312
196
155
210
145

204
121
295
193
148
194
122

211
138
303
192
153
218
142

+ 3.4
+ 14. 0
+ 2.7
-0.5
+ 3.4
+ 12. 4
+ 16. 4

+ 10. 5
+ 1.5
+ 23.7
+ 13.6
+ 7.7
+ 7. 9
+ 10. 1

226
154

80
100

95
124

98
131

122
143

99
125

105
130

129
141

+ 22. 9
+ 8. 5

-13.9
-1. 4

89
89
86
85
93
89
99
89
97
95
91
90
91

90
90
87
85
93
93
99
91
99
96
90
91
90

91
92
87
86
94
95
100
97
100
96
92
92
90

90
89
80
91
92
89
102
93
101
94
84
91
93

91
90
82
92
92
92
102
95
103
95
81
91
95

92
92
84
93
92
94
104
100
104
96
85
91
96

July

SepAugust tember

July

SepAugust tember

September, September,
1926, from
1926, from
August, 1926 September,
1925

STOCKS
(Relative to 1919 monthly average as 100)
(Corrected for seasonal variation)
Total
-

Raw foodstuffs
_
Raw materials for manufacture
Manufactured foodstuffs
Manufactured commodities
(Unadjusted index)
Total
- _-Raw foodstuffs
- -Raw materials for manufacture
M anuf actured foodstuffs
Manufactured commodities
UNFILLED ORDERS
(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 steelTobacco products
Vehicles
Miscellaneous




i Since Jan. 1,1921.

2
2
2
2
2
2
2
2
2
2
2
2
2

103
107
103
104
103
105
104
105
105
107
108
103
107

2
2
2
2
2
2
2
2
2
2
2
2
2

85
86
81
79
92
83
93
84
90
66
84
75
80

2

Since July 1, 1922

+ 1.1
+ 2. 2
+ 2.4
+ 1. 1
0.0
+ 2. 2
+ 2. 0
+ 5.3
+ 1.0
+ 1. 1
+ 4.9
0.0
+ 1.1

+ 1.1
0.0
3 4
+ 8.1
-2. 1
-1. 1
+ 4.0
+ 3.1
+ 4.0
0.0
-7.6
-1. 1
+ 6.7

25
INDEXES OF BUSINESS—Continued
Maxi,
mum
since
Jan. 1,
1920

EMPLOYMENT— Continued
(Relative to 1923 monthly average as 100)
Amount of pay roll, by industries:
2
Total, all classes _ _
_
105
2
Food products
107
2
Textiles
106
2
Iron and steel
108
2
Lumber
106
2
Leather
108
2
Paper and printing
113
2
Chemicals
106
2
Stone, clay, and glass _
112
Metal products other than iron and steel. 22 110
112
Tobacco products
2
Vehicles
107
2
Miscellaneous _ .
112
PRICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)
All groups

Grain
Fruits and vegetables
Meat animals
• Dairy and poultry
Cotton and cottonseed _ _ _ _ _ __ _ _
Unclassified
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1913)
All commodities
Farm products
Food, etc
Cloths and clothing
Fuels
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous

Minimum
since
Jan. 1,
1920

July

PER CENT INCREASE (+)
OR DECREASE (— )

1926

1935
SepAugust tember

July

August

September

September,
1926, from
August, 1926

September,
1926, from
September,
1925

2
2
2
2
2
2
2
2
2
2
2
2

2 74
85
72
62
84
78
88
85
84
70
83
60
72

90
93
85
85
97
85
101
92
99
94
91
90
91

91
93
87
87
97
94
102
94
105
98
92
90
93

90
93
83
85
100
91
103
96
103
93
92
91
91

91
94
76
93
95
87
109
97
104
92
85
88
97

95
94
81
95
100
94
109
99
111
94
84
95
100

95
96
83
96
100
94
111
103
108
94
89
91
99

0. 0
+ 2. 1
+ 2. 5
+ 1. 1
0.0
0.0
+ 1.8
+ 4. 0
-2.7
0.0
+ 6.0
-4.2
-1.0

+ 5.6
+ 3.2
• 0.0
+ 12.9
0.0
+ 3.3
+ 7.8
+ 7.3
+ 4.9
+ 1. 1
-3.3
0.0
+ 8.8

335
283
373
186
215
304
180

110
88
108
91
122
76
74

149
152
178
148
134
186
88

152
157
178
149
139
186
96

144
148
142
143
141
178
90

136
125
195
152
131
126
81

133
128
166
144
130
130
89

134
121
136
148
139
134
93

+ 0. 8
-5.5
-18. 1
+ 2.8
+ 6.9
+ 3. 1
+ 4.5

-6.9
-18.2
-4.2
+ 3. 5
-1. 4
-24.7
+ 3.3

248
243
248
346
281
203
300
213
275
208

138
114
131
171
162
109
155
121
162
111

160
162
157
189
172
126
170
133
169
143

160
163
159
190
170
127
172
135
169
138

160
160
160
189
169
127
174
136
168
135

151
141
154
173
177
126
172
131
161
123

149
138
151
175
180
127
172
131
161
122

151
141
152
175
182
127
172
131
160
120

+ 1.3
+ 2. 2
+ 0. 7
0.0

+1.1
0.0
0.0
0.0
-0.6
-1. 6

-5.6
-11.9
-5.0
-7.4
+ 7.7
0. 0
-1. 1
-3.7
-4.8
-11. 1

218
227

134
115

164
155

162
153

161
154

153
137

153
138

155
139

+ 1.3
+ 0.7

-3.7
-9.7

205
219
186
2P8
3
179
208
123
192

155
139
143
153
3
156
174
118
171

169
160
179
175
157
176
121
175

169
160
179
175
158
177
121
175

168
159
178
176
161
181
121
174

166
157
176
173
158
179
118
174

165
156
175
173
160
180
121
173

167
159
175
174
161
182
121
173

+ 1.2
+ 1.9
0.0
+ 0. 6
+ 0.6
+ 1. 1
0.0
0.0

-0.6
0. 0
-1.7
-1. 1
0.0
+ 0. 6
0.0
-0. 6

Commercial Indexes

(Relative to 1913)
Dun's (1st of following month)
Bradstreet's (1st of following month)
COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted

Food (Dept. Labor)
Shelter
Clothing
Fuel and lightFuel.
Light
Sundries

_

__ •

« Since July 1, 1922.

16216—261-




a Since Jan. 1, 1923.

26

TEA STOCKS IN THE UNITED KINGDOM1
[In thousands of pounds at end of month]
MONTH
January
February . .
March
_. _.
April

_
_.

May
June
July
August

September ..
October
November
December
Monthly average.

1913

1914

1915

1916

1917

136, 051
129, 395
121, 477
103, 272

133, 872
127, 768
117, 377
107, 267

130, 139
122, 200
96, 018
73, 596

150, 161
118, 725
96, 103
100, 013

118, 207
94, 441
92, 557
86,099

87, 568
77, 099
72, 655
82, 223

87, 361
77, 436
78, 959
81, 039

70, 041
75, 172
83,946
90, 181

98, 873
84, 508
84, 983
97, 018

99, 717
112, 632
125, 434
138, 005

88,093
64,544
74, 486
117, 848

116, 419
130, 258
148, 464
148, 196

107,127

96, 338

107, 053

1919

1920

1921

1933

1933

1934

1935

1936

63,427
69, 945
85, 180
85, 161

132, 127
147, 042
157, 570
146, 671

215, 175
203, 061
212, 645
207, 520

219, 377
223, 179
229, 568
233, 018

208, 115
221, 362
219, 645
214, 484

186, 035
176, 681
183, 413
167, 763

181, 615
186, 998
191, 442
188, 151

222, 704
231, 157
228, 108
215, 477

209, 655
202, 300
195, 388
179, 891

86, 472
72, 949
64,793
46, 838

92, 957
91, 330
81, 764
84, 019

151, 589
161, 561
143, 729
133, 138

212, 152
214, 986
212, 759
214, 843

228, 793
218, 290
207, 448
197, 433

192, 396
170, 478
153, 198
142, 137

141, 659
126,792
112, 890
121, 935

150, 251
136, 729
119, 143
126, 499

188, 964
178,900
162, 286
165, 129

163, 408
155, 595
148, 207
156, 850

118, 663
127, 237
122, 873
130, 247

34, 850
32, 131
37, 745
37,400

76, Oil
97, 159
122, 646
135, 295

142, 959
145, 774
169, 861
213, 083

215, 251
220, 137
223, 229
214, 362

190, 799
190, 129
196, 534
205, 420

151, 510
152, 095
158, 357
169, 776

134, 170
146, 990
152, 288
165, 666

135, 118
148, 733
171,928
199, 375

180, 621
181, 683
189, 080
203, 654

110, 784

67,040

90, 408

153, 759

213, 843

211, 666

187, 796

151, 357

159, 665

192, 428

1918

i Compiled from data prepared by the British Board of Trade and representing the quantity of tea remaining in bonded warehouses or entered to be warehoused on the
ast day of the month.

RIVER CARGO TRAFFIC
[Short tons]
MONONGAHELA RIVER

ALLEGHENY RIVER

MONTH
1933
January _
February.. _ _ _
March
April .
May
June
July
August

. __ _

1

1933

1933

1934

1935

1936

1, 978, 804
1, 746, 687
1, 753, 214
1, 716, 980

1,588,005
1, 754, 287
1, 655, 689
1, 632, 815

1, 945, 426
1, 662, 112
1, 784, 392
1, 877, 194

1,487,357
1, 638, 476
1,831,204
1, 919, 679

26, 010
91, 046
193, 936
212, 836

210, 765
52, 400
214, 902
268, 875

72,633
84,260
151, 349
248, 003

75,700
56, 295
159, 070
309,047

24, 330
81,315
159, 660
202, 090

367, 676
406, 884
365, 387
525, 482

1, 772, 797
1, 852, 339
1, 759, 658
1,738,165

1,474,946
1, 468, 349
1, 536, 808
1, 872, 391

1, 691, 539
1, 772, 053
1, 739, 425
1, 938, 145

1,972,767
2, 067, 772
2, 334, 195
2, 289, 324

295, 040
334, 433
277, 534
310, 565

326, 275
335, 133
269, 850
342, 785

274, 479
226, 578
301, 132
332, 615

357, 115
414, 410
381, 512
405, 495

222, 395
245, 741
273, 641
295, 823

1, 376, 859
2, 098, 439
2, Oil, 899
1,834,173

1,807,406
1, 900, 455
1, 726, 136
1, 696, 019

1, 790, 135
2, 036, 016
2, 091, 353
1, 896, 821

2,016,646
1, 966, 248
1, 863, 566
1, 825, 568

2, 317, 562

277, 542
359, 645
381, 945
205, 731

272, 366
354, 077
322, 378
270, 835

371, 325
371, 505
420, 061
178, 068

394, 970
346, 431
375, 958
238, 447

291, 111

13, 735, 823
1, 144, 652

21, 448, 660
1, 787, 388

20, 797, 615
1, 733, 135

22, 082, 314
1, 840, 193

2, 966, 263
247, 189

3, 240, 641
270, 053

3, 032, 008
252, 667

3, 514, 450
292, 871

._

Total
Monthly average

1936

1935

1, 285, 640
1, 364, 553
1, 713, 552
385, 279

.

September
October
November
December

1934

1933

Compiled by the U. S. War Department, Engineer Corps, representing total cargo traffic carried on each of these rivers. Most of the Monongahela River traffic is coal.

LINSEED OIL, WHOLESALE PRICEl
[Dollars per pound]
MONTH

1909

January.
February
March
April

1910

1911

1912

1913

1914

1915

1916

1917

1918

1919

1930

1931

1933

1933

1934

1925

$0. 073 $0. 103 $0. 128 $0. 095 $0. 061 $0. 064 $0. 075 $0. 096 $0. 125 $0. 171 $0. 200 $0. 236 $0. 104 $0. 096 $0. 118 $0. 122 $0. 155 $0. 117
124 .155 .113
.075
060 .067 .073 .103 .124 .173
.103
128 .093
193
236
087 .109 .126
.107
.075
.121
.059
.077
.141
.123
.148
.097
.068
.101
.201
.199
.240
.088
.109
.136
.108
.075
.112
.121
.097
067 .083 .100 .160 .207 .205 .244 .081 .111 .155 .120 .139 .108
.061

MayJune
July....
August

.079
.081
.081
.076

.109
. 105
.120
.120

.119
.116
.107
.116

.101
.103
.088
.088

.060
.063
.065
.067

.066
.069
.079
.076

.084
.072
.067
.069

.089
.084
.095
.093

.160
.149
.156
.165

.209
.211
.236
.253

.211
.242
.282
.296

.225
.220
.203
.188

.093
. 100
.099
.099

.119

. Ill
.117
.115

.153
.149
.138
.128

.125
.126
.131
.137

.140
.141
.130
.136

__

.076
.084
.087
.101

.120
.127
.127
.127

.117
.112
.095
.099

.083
.075
.057
.056

.063
.061
.064
.064

.065
.059
.060
.064

.073
.080
.081
.088

.109
.120
.123
.124

.155
.151
.160
.160

.252
.220
.210
.207

.265
.248
.242
.246

.162
.143
.119
.109

.099
.091
.089
.090

.117
.117
.117
.118

.118
.126
.121
.122

.135
.135
.143
.147

.137
.132
.128
.126

Monthly average

.080

.115

.115

.086

.062

.067

.077

.103

.151

.212

.236

.194

.093

.113

.133

.131

.139

September
October.
November
December

1936

. _

.108
.112
.119
.119

1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices at New York. Previous to October, 1925, the prices
were quoted in gallons, and these have been reduced to a pound basis at the ratio of 7H pounds per gallon.




27
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 (August, 1926), in which monthly figures for 1925 and 1926 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.

The cumulatives shown are through
September except where otherwise
noted. Earlier data tor items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

PEE CENT INCREASE (+) OR
DECREASE (-)

1925

1926

August

September

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

SepSeptember, tember,
1926,
Septem- 1926,
from
from
ber
SepAugust, tember,
1926
1925

May

June

July

36, 368
13, 729
22,639
27, 151
24, 119

30. 224
22,631
7,593
13, 653
13, 395

50, 675
45, 162
5,513
13, 958
12, 545

28,035
23,611
4,424
19, 200
15, 305

13, 018
8,511
4,507
18, 998
13, 997

34,998
20, 559
14, 439
42, 552
34, 449

20, 403
7, 453
12, 950
23, 670
18, 948

-53.6
-64.0
+1.9
-1.1
-8.5

36,237

38,249

38, 236

40, 859

45,770

42, 149

44, 383

57
57
57
73
68

57
57
58
75
68

53
53
55
68
68

56
55
60
71
74

64
57
62
80
84

63
57
68
82
77

70
57

71
59

66
56

67
66

76
74

1.13

1.10

1.14

1.11

1.11

Per
cent
increase
(
or+?
decrease
(-)
cumu
lative
1926
from
1925

1925

1926

-36.2
+14.2
-65.2
-19.7
-26.1

253, 726
113, 521
140, 205
323, 085
266, 985

303, 547
144, 000
159, 547
282, 291
240,439

+19.6
+26.8
+13.8
-12.6
-9.9

+12.0

+3.1

390, 725

365, 314

-6.5

69
61
65
85
79

+14.3
+3.6
+3.3
+12.7
+13.5

-7.2
-6.1
-4.6
-5.9
+6.3

79
65

82
70

+13.4
+12.1

-7.3
+5.7

1.31

1.28

0.0

-13.3

0.0 -12.0
0.0 -15.2

August

TEXTILES
Wool
Receipts at Boston:
Total
thous. of lbs__
Domestic,
...thous. of lbs__
Foreign
thous. of Ibs
Imports, grease equivalent
thous. of lbs__
Imports, total _ _
thous. of lbs._
Consumption by textile mills,
grease equivalent
thous. of Ibs
Machinery activity, hourly:
Looms—
Wide
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 activePrices:
Raw, territory, fine, scoured—dolls, per lb__
Raw, Ohio and Pa. fleeces,
Y± blood, combing, grease— .dolls, per lb__
Worsted yarn
dolls, perlb__
Women's dress goods, French
serge
dolls, per yd__
Men's suitings
dolls, per yd—

.42
1.40

.42
1.40

.43
1.40

.44
1.40

.44
1.40

.51
1.65

.50
1.65

.73
3.51

.73
3.29

.73
3.29

.73
3.29

,71
3.29

.80
3.60

.80
3.60

221
22, 137

131
12,090

536
13, 280

1217, 454
8, 722
2,126
10,007

780
9,266

346, 774
518, 504

365, 522
460, 918

391,329
500, 652

794, 584
571, 105

3,676
1,268
2,408

3,033
1,097
1,937

2,637
921
1,716

4,230
937
3,293

1,721
681
1,040

3 3, 984
3869
3 3, 115

4,315
2,763

3,686
2,284

3,183
1,989

4,284
3,116

2,232
1,099

3,883
2,805

+34.6 +10.3
+56.7 +11.1

31, 771
7,606
202
88.4

31, 082
6,770
180
78.9

31, 322
7,489
200
87.4

32, 135
8,248
220
98.5

31, 270
6,954
184
80.1

3 31, 572
7,102
188
83.8

+2.6 +1.8
+10.1 +16.1
+10.0 +17. 0
+12.7 +17..

.161
.186

.154
.187

.161
.187

.168
.170

.234
.238

.225
.236

+4.3
9-5. 3
-9.1 -28.0

78, 161

65, 714

69, 554

80, 553

63, 994

72, 257

65, 072
45, 272
41, 494
55
4.2

67, 272
43, 724
40,446
50
5.2

75, 180
44, 336
38, 449
59
5.7

86, 460
50, 059
37,354
66
6.6

69, 176
37, 903
41, 151
50
5.5

81, 079
42, 608
40, 711
58
6.7

174, 740
261, 574
160, 582

167, 365
247, 825
211, 515

208, 658
216, 253
270, 482

190, 556
184, 036
302, 130

176, 252
219,466
339, 314

-8.7 +8.1
-14.9 -16.1
+11.7 -11. 0

44, 740
32, 244
40, 469

43, 894
29, 398
56, 303

61,008
27, 324
65,084

52, 691
26, 601
60, 912

41, 952
36, 629
69, 308

-13.6 +25.6
-2.6 -27.4
12.1
-6.4

54,008
61, 256
19,161

53, 142
57, 720
46,756

73, 016
53, 142
59, 224

59, 060
37, 139
66, 361

60, 023
20, 062
103, 253

-2.7
0.0

-11.2
-8.6

1 16, 104
2 9, 519
2,332 +296. 6
15, 121 -24.6

-8.8
-33.8

7,255
239, 578

6,744
250, 746

-7.0
+4.7

+103. 0 +5.6
+ 14.1 + 18.2

4,919,914
4, 766, 157

4, 660, 046
4, 928, 765

-5.3
+3.4

+15.8 +11.5 I

697, 437

722, 945

+3.7

+15. 0 +6.6
+12.9 +17.5
-2.8 -8.2
+11.9 +13.8
+15.8 -1.5

678, 883
392, 305

712, 617
426, 460

+5.0
+8.7

Cotton
Production, crop estimate
thous. of bales _
Ginning
thous. of bales..
504
Receipts into sight
thous. of bales _
Imports, unmanufactured
bales
13, 626
Exports, unmanufactured
419,459
(including linters)
bales
Consumption by textile mills
bales
516, 758
Stocks, domestic, end of month:
Total, mills and w'houses.. thous. of bales..
4,415
Mills
thous of bales
1,450
Warehouses
thous. of bales
2,965
Stocks, world visible, end of month:
Total
thous. of bales..
5,070
A.merican
thous. of bales
3,459
Machinery activity of spindles:
Active spindles
thousands
32, 267
Total activity
millions of hours
7, 506
199
Activity per "spindle
hours
Per cent of capacity
per cent
88.9
Prices:
To producer
dolls per Ib
.160
In New York, middling
dolls, per Ib—
. 189
Cotton Goods
Cotton finishing:
Billings, finished goods (as
produced)
- thous. of yds
79, 164
Orders received,
gray yardage
thous. of yds
69, 348
45,715
Shipments, finished goods.
.cases.
Stocks finished goods
cases
41, 352
Operating activity
per ct. of capacity.
61
Average work ahead, end of month.. days.
5.5
Cotton textiles:
Total (9 classes)—
Production
thous. of yds
214,415
Stocks
thous. of yds
246, 740
Unfilled orders
thous of yds
182, 101
Sheetings56, 877
Production
thous. of yds.
Stocks
thous of yds
30, 950
Unfilled orders
thous. of yds
45, 176
Print cloth73, 534
Production
thous of yds
50, 705
Stocks
thous of yds
29,333
Unfilled orders
thous of yds
i As of October 18




» ]Final estim ate for 1925.

752, 324
315,825
448, 665 3 483, 082

+60.4
+1.7
+91.9

+6.2
+7.8
+5.7

-19.1 | -1.6
-30.1 +85.1
+12. 1 -35. 7
3 Revised.

„--.--

28
TREND OF BUSINESS MOVEMENTS—Continued
1996

PER CENT INCREASE (+) OR
DECREASE (-)

1925

The cumula fives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151

of the August, 1926, " Survey "

Sep-

May

June

July

August

Septem-

Septem-

August

ber

ber

Per

cent

in-

crease

(+)
or de-

Sep-

ember, ember,
1926,
1926,
from
from
SepAugust, ember,

1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

crease

(-)

1936

1935

cumulative

1926

from

1925

1925

TEXTILES— G ontinued
Cotton Goods— Continued
Cotton textiles— Continued.
Pajama checks7,662
Production
thous of yds
1,487
Stocks
thous. of yds
25,494
Unfilled orders
thous. of yds. _
Drills and twills (40" and narrower) —
Production
thous. of yds..
12, 133
Stocks
thous. of yds..
21, 595
4,478
Unfilled orders
thous. of yds..
Pocketing twills and jeans2,842
Production
..thous. of yds._
7,145
Stocks
thous. of yds..
1,214
Unfilled orders
thous. of yds. .
Osnaburgs—
Production
thous. of yds
8,592
4,061
Stocks
thous. of yds._
Unfilled orders
-thous. of yds..
16, 013
Heavy warp sateens885
Production
thous. of yds..
1,678
Stocks
thous. of yds..
269
Unfilled orders
thous. of yds_.
D rills, twills, sheetings and sateens (wider
than 40")—
5,146
Production
_
thous. of yds
6,444
Stocks
-thous. of yds__
Unfilled orders
thous of yds
9,482
Colored goods46,744
Production
thous. of yds
122, 675
Stocks
. . thous. of yds
Unfilled orders
_. thous. of yds. . 50, 642
Fine cotton goods, production
pieces. . 422, 221
43,420
Cotton cloth exports
thous. of sq. yds_.
Fabric consumption
13,279
by tire manufacturers .
thous. of Ibs
8,331
Elastic webbing sales
thous. of yds..
Prices:
\
Cotton yarn—
.357
22/1, cones, Boston
dolls, per lb_.
40/ls, New Bedford
dolls, per Ib
.513
Print cloth, 64 x 60
dolls, per yd
.076
Sheeting, brown
dolls per yd
.095
Cotton goods (Fairchild) index number
161
Silk
Imports, raw
__
thous. of Ibs
Deliveries (consumption)
bales
Stocks, end of month:
At warehouses
bales
At manufacturers' plants
bales
Silk machinery activity:
Broad looms
percent of normal _
Narrow looms
_ per cent of normal
Spinning spindles
per cent of normalPrice, Japanese, New York
dolls, per Ib
Clothing
Work clothing:
Cut
dozen garments
Net shipments
_ _ dozen garments
Stocks, end of month
dozen garments

-17.3 +153. 3
-4.6 -17.4
+6.4 +180. 8

6,410
2,107
26,822

6,588
2,043
26,080

8,879
3,046
24,806

7,340
2,906
26, 393

8,676
22, 691
4,137

7,735
21,056
7,650

9,843
16, 510
10,084

8,550
14,304 ,
10, 957

1,923
6,378
1,004

1,613
5,223
1,744

2,345
3,875
2,817

1,985
3, 108
3,607

3,125
3,947
5,190

7,498
2,320
14, 078

7,694
1,900
13, 338

9,567
2,131
10, 236

8,039
3,736
11, 770

5,830
5,662
4,301

+75.3

775
1, 550
288

548
1,237
1,383

991
276
1,281

969 258
2,074

1,020
758
1,918

-2.2
-6.5
+61.9

5,182
7,925
8,563

4,420
7,984
8,827

5,141
8,746
8,994

4,866
8,377
9,049

5,044
2,830
14, 987

45, 528
125, 103
46, 060
382, 371
41, 105

41,731
121, 264
49,434
339, 755
49,042

37, 868
101, 203
87, 956
302, 571
38, 227

47,056
87, 607
111,007
413, 762
45, 983

402, 103
44, 502

41,404
127,275
110, 880
371, 500
42, 366

14, 021
9,497

14,050
10,054

16, 140
10, 695

11,429

15, 758
12, 014

.349
.500
.073
.093
157

.344
.500
.073
.089
155

.363
.500
.076
.092
157

.367
.506
.076
.093
159

4,614
34, 099

4,857
37, 644

6,313
39, 425

6,207
45, 943

31, 143
25, 323

29, 111
30, 323

27, 528
18, 665

80.2
65.0
75.0
5.73

77.2
61.7
78.8
5.88

251, 747
235, 792
328, 605

2,898
3,520
9,400

-

14, 956 -13.1
18,783 j -13.4
20,077
+8.7

-42.8
-23.8
-45.4

-15.4
-19.8

-36.5
-21.3
-30.5

+28.0

-16.0 +37.9
-34. 0
+15.0 +173. 7

-5.0
-66.0
+8.1

-5.3 -3.5
-4.2 +196. 0
+0.6 -39.6
+26.2
+36.7
+20.3

+13.7
-31.2
+0.1
+11.4
+8.5

14,025
12, 129

+6.9

-5.8

.423
.547
.095
.104
185

.423
.563
.095
.106
187

+1.1
+1.2
0.0
+1.1
+1.3

-13.2
-10.1
-20.0
-12.3
-15.0

7,046
43, 962

5,894
44, 047

8,408
41, 684

+13.5
-4.3

-16.2
+5.5

28,006
19, 274

34, 459
18, 491

32, 017
28, 198

42, 708
28, 169

+23.0

78.7
59.5
81.7
5.78

78.9
61.8
82.0
5.98

80.8
66.6
87.5
6.13

89.8
60.0
101.8
6.47

91.2
60.8
104.0
6.62

+2.4
+7.8
+6.7
+2.5

250, 683
228, 585
328, 918

229, 323
205, 447
298, 013

259 963
249^ 271
295, 607

251, 737
231, 703
305, 448

256, 519
241, 594
302, 630

3,424
3, 812
6,397
3,848
6,229

3,060
3 3, 078
7,616
2,966
6,170

3, 359
3,767
7,378
3,477
5,786

3,702
3, 864
5,734
3,267
6,796

3,756
3 4, 135
5,565
4,167
6,842

1,010
1,128
1,182
1,047
2,716

1,119
1,203
1,136
1,174
2,460

61, 813
21, 722

43, 664
20, 936

2,526
2, 116
1,878

2,804
2,377
1.857

+24.3

-13.4

3, 765, 688
408, 363

3, 557, 236
390, 072
4

-5.5
-4.5

112, 067

93,364

-5.2
-24.3

53,834
366, 373

-1.7
-1.0

* 2, 026, 069 * 2, 030, 413
4
1, 768, 138 4 1, 836, 219

+0.2
+3.9

U18,215
123, 299

54, 777
370, 196

-19.3
-4.1 -34.4
-11.4
+9.5
-15. 9
-7.4

Hosiery
Production
Net shipments
Stocks, end of month
New orders
Unfilled orders, end mo

thous. of dozen pairs
thous. of dozen pairs
thous. of dozen pairs
thous. of dozen pairs
thous. of dozen pairs

3,215
3 3, 266
6,128
3,252
6,213

3

3

4
4
4

30, 618
29, 903
31, 432

4
4
4

27, 794
28, 038

-9.2
-6.2

28, 156

-10.4

Knit Underwear
Production...
Net shipments
Stocks, end of month.. _
New orders
Unfilled orders, end of mo

thous. of dozens.
thous. of dozens
thous. of dozens
thous. of dozens..
thous. of dozens

1,043
838
1,379
720
2,342

1,062
853
1,484
966
2,395

821
843
1,507
616
2,100

927
1,109
1,386
974
1,952

Burlap and Fibers
Imports:
Burlap
thous of Ibs
Fibers (unmanufactured)
.Jong tons..

38, 339
18, 919

44, 206
17, 170

55, 258
19, 975

52, 990
15, 070

3,604
2,663
2.374

3,093
2,301
2,186

3,423
2,510
2,158

32, 066
16, 004

4

-39.5
+6.2

-26.6
-23.6

4

8, 425

-9.9

467, Oil
222, 046

-5.1
-4.6

9, 351

491, 875
232, 677

Pyroxylin Coated Textiles
Pyroxylin spread
thous. of Ibs
Shipments billed
, thous. of linear yds..
Unfilled orders, end of mo -thous. of linear yds..
a Revised.




2,775
2,096
2.058 1

I
i|

* Eight months' cumulative, ending August 31.

4
4

18, 204
15, 412

4
4

22, 927
17, 908

+25.9

+16.2

29
TREND OF BUSINESS MOVEMENTS—Continued
me
The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, " Survey "

I
May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

August

September

August

SepSep;ember, ember,
1926,
Septem1926,
from
ber
from
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1925

1926

Percent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

TEXTILES-Continued
Cotton Mill Dividends (Quarterly)
New Bedford mills:
Total
Ratio to capitalization

thous. of dollars..

5809

5623

51,231

-23.0

-49.4

per cent per quarter..

5 1. 170

5895

5 1. 663

-23.5

-46.2

46.6
12, 381

346.5
3 12, 224

0.0
0.0

-4.5
-3.8

-10. 2

2,983

2,227

-25.3

+30.8

42, 812

45, 223

+5.6

-4.0 +30.1
-2.5 +38.7
-1.2 +18.1

30, 307
11, 242
40, 638

32, 111
12, 540
44, 133

+6.0
+11.5
+8.6

27, 105
5,855
374

29, 406
6,723
562

+8.5
+14.8
+50.3

166, 956
218, 884

158,278
194, 708

-5.2
-11.0

BUTTONS
Fresh-water pearl buttons:
Production
per ct. of capacity..
Stocks, end of month
thous. of gross..

49.6
12, 203

45.0
12, 331

38.6
12, 196

44.4
11, 754

6,113

8,770

9,999

10, 709

9,622 1

8,533

7,355

3,338
1,477
5,194

6,472
3, 217
4,834

7,300
2,609
4,787

7,655
2,651
4,796

7,346
2,586
4,738

6,228
2,143
4,020

5,646
1,864
4,011

17, 387
13, 063
4,324

21, 512
16, 939
4,573

26, 691
21, 582
5,109

32, 174
26, 280
5,894

37, 335
30, 438
6,897

34, 605
28, 272
6,333

38, 424
31, 408
7, 016'

3,481
794
73

3,235
770
71

3,223
762
67

3,200
776
59

3,136
700
64

2,704
580
27

2,726
617
35

-2.0 +15.0
-9.8 +13.5
+8.5 +82.9

228
110,600
61.5

220
106, 140
59.6

216
103, 245
58.5

213
102, 085
57.7

21S
105,480
58.4

192
88, 250
48.1

200
94, 550
52.4

+1.4 +8.0
+3.3 +11.6
+1.2 +11.5

17, 518
22, 976
76.2
95
69

15, 025
18, 962
80.3
88
74

18,472
24, 038
76.8
79
56

20,846
23, 791
87.6
84
71

15,427
17. 969
85.8
101
85

15, 353
19, 989
76.8
79
61

19, 125
22, 678
84.3
88
78

-26.1 -19.3
-24.5
20 8
-2.1 +1.8
+20.2 +14.8
+19.7 +9.0

55, 803
54.3
54, 908
45, 376

56, 659
54.5
57,641
42, 813

51, 658
50.4
50, 998
52, 716

53, 796
52.0
53, 586
45, 802

54, 630
53.2
50, 885
43, 874

53, 221
50.0
49, 486
45, 142

54,943
51.7
50, 621
46, 530

+1.6
+2.3
-5.0
-4.2

-0.6
+2.9
+0.5
-5.7

20.64
18.38
21.15

19.71
18.00
20.62

19.45
17.63
20.23

19. 26
17.50
20.19

19. 39
17. 50
20.18

20.26
18.00
19.78

20.56
18.30
20.08

+0.7
0.0
0.0

-5.7
-4.4
+0.5

20, 982
16, 883
18, 162
109, 243

17,058
20, 882
23, 157
107, 171

18, 174
27, 393
29, 858
102. 913

19, 142
22, 785

18, 830
23, 674

20, 655
16, 502
18, 214
114, 515

18,257
23, 991
27,904
111, 713

21, 444
30, 249
33,187
105, 071

21. 694
26, 346

21,344
29, 062

13, 834
10, 824

14, 424
14, 983

14, 308
19, 845

13, 124
17, 038

13,426
17, 121

13, 486

16, 243

23, 028

53. 638

52, 915

46, 519

3,421
25

3,490
37

3,513

3,717

63, 606
51
23,130
40, 476

59, 326
47
20, 738
38,588

44.4
11, 759

IRON AND STEEL
Iron
Iron ore:
Shipment from mines.. thous. of long tons..
Receipts:
Lake Erie ports and
furnaces
thous of long tons
Other ports..
thous. of long tons..
Consumption
thous. of long tons_.
Stocks—
Total..
thous. of long tons_.
At furnaces
thous. of long tons_.
On Lake Erie docks.thous. of long tons..
Pig-iron production:
Total, U. S
thous of long tons
Merchant furnaces
thous. of long tons..
Canada
thous. of long tons..
Furnaces in blast, end of month:
Furnaces
number. .
Capacity
long tons per day..
Per cent of total
per cent..
Ohio gray-iron foundries:
MeltingsActual
long tons..
Normal.
..long tons..
.Ratio to normal per cent of normal—
Stocks, end of month.. per cent of normal _.
Receipts
per cent of normal-Malleable castings:
Production
tons
Operating activity
per ct. of capacity-Shipments
tons
Orders booked
tons
Wholesale prices:
Foundry No. 2,
northern .__
__ dolls, per long ton. .
Basic (vallev furnace).. dolls, per long ton..
Composite pig-iron
dolls, per long ton—

-2.8
31
-1.7

+16.0
+15.8
+17.0

509, 624

540, 733

+6.1

493, 584
447, 208

508, 472
450, 445

+3.0
+0.7

4151,648
4 134, 333

44 165. 130
141,682

+8.9
+5.5

* 159, 374
* 141, 770

4 163, 848
4 143, 783

+2.8
+1.4

4 97, 502
* 96, 976

4119,487
4 99, 183

+22.5
+2.3

32,377
507

35, 847
602

+10.7
+18.7

642, 635

742, 923

+15.6

261, 060
381, 575

285, 279
457, 644

+9.3
+19.9

C a si -Iron Boilers and Radiators
Bound boilers:
Production
thous. of lbs__ 20, 660
Shipments
thous. of lbs__ 18,881
Orders received
thous. of lbs__ 20, 056
Stock on hand, end month... thous. of Ibs.. 104, 917
Square boilers:
Production
thous. of Ibs. _ 20, 933
Shipments
thous. of Ibs. _ 19, 181
Orders received
-thous. of Ibs. . 20, 538
Stock on hand, end month. -.thous. of lbs_. 110, 533
Radiators:
Production.thous. sq. ft. of heating surface.. 14, 113
Shipments.thous. sq. ft. of heating surface.. 14, 355
Orders received- -thous. sq. ft. of heating surface. . 16, 489
Stock on hand, end
month. .thous. sq. ft. of heating surface. . 50, 853
Crude Steel

Steel ingots, production:
United States
thous of long tons
3,945
3,751
4,005
3,931
3,651
Canada
thous. of long tons
90
81
65
59
46
U. S. Steel Corporation:
Unfilled orders,
end of month
thous. of long tons..
3,649
3,594
3,479
3,603
3,542
Steel castings:
BookingsTotal
__shorttons
78, 889
64,824
68, 030
74, 430
65, 872
Ratio to capacity
per cent..
61
57
51
50
53
Railroad specialties
__short tons
31, 318
15, 992
22,773
21, 925
29, 258
Miscellaneous
short tons
47, 571
52, 038
43,099
45, 172
42, 899
ProductionTotal
short tons- 95, 608
93, 392
79,296
85, 338
77, 018
Ratio to capacity
per cent74
73
66
62
60
Railroad specialties
short tons— 42, 087
34, 290
22,594
25, 783
30, 613
Miscellaneous
short tons— 53, 521
59. 102
54. 424
53. 513
54. 725
s Revised.
* Eight months' cumulative, ending Aug. 31.



1

+12.6
-1.8
+28.3 +59.5

+1.5

-3.3

-1.6 +9.3
-2.0 +6.4
-3.7 +5.7
-0.5 +11.2

-2.9
—3 2
— 12.4
+1.7
5 Quarter ending in month indicated.

30

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

July

June

PER CENT INCREASE (+) OR
DECREASE (— )

1925

August

September

August

SepSeptember, tember,
1926,
Septem1926,
from
from
ber
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1925

1926

Per
cent
increase
(+)
or decrease(-)
cumulative
1926
from
1925

IRON AND STEEL— Continued
Crude Steel— Continued
Sheets, blue, black, galvanized, and full finished:
Production270,212
295, 810
Total
short tons _ 264, 541 268, 448 239, 764 293, 703 307, 459
87.2
77.3
84.0
92.7
92.0
84.3
96.2
Ratio to capacity
per cent
Stock, end of month—
114, 577
153, 962 147, 862 134, 422
120, 798
176, 428
178, 539
Total
short tons
46, 031
38, 476
36, 587
55, 140
34, 511
44,988
58, 503
Unsold
short tons
243, 204
262, 050
Shipments
short tons. _ 267, 299 262,231 264, 025 281, 602 302, 198
352,414
239,492
286,
029
284,
319
448,
147
283,
055
201, 743
Sales
short tons
460, 530
520, 281 521, 837 731,977
497, 698
422,237
418, 582
Unfilled orders end of month short tons
Steel barrels:
498, 449
510, 869
585, 734 523, 037 511, 118
626, 812
581, 962
Production
barrels
54.6
47.7
39.5
42.0
51.3
41.0
Ratio to capacity
per cent
Shipments. „
barrels.. 582, 352 624, 082 593, 611 511, 542 508, 548 495, 736 503, 221
48,
052
55,
184
38,
874
46,
751
44,021
52,939
50,
369
Stocks, end of month
barrels
1, 293, 601 1, 170, 998 1,288,431 1, 114, 667 1, 3012, 576
Unfilled orders, end of month
barrels. _ 1, 209, 815 1,300,113
3
3
12,
982
11,
373
13,
853
16,
255
3,004
3 16, 228
13,308
Track work, production
.- __ short tons
Wholesale prices:
35.00
35.00
35.00
35.00
35.00
35.00
35.00
Steel billets, Bessemer.. dolls, per long ton..
3 37. 39
3 37. 35
37.68
37.69
38.25
37.61
37.70
Iron and steel
dolls per long ton
2.61
2.61
2.64
2.62
2.64
2.64
2.61
Composite steel
dolls per 100 Ibs
1.95
1.85
1.95
1.95
1.95
1.93
2.00
Structural steel beams.. „ dolls, per 100 lbs_.
Steel sheets, Youngstown dist.
3.05
3.25
3.25
dolls per 100 Ibs

4-4.7 +3.9 2, 510, 290
+4.6 +3.8

2, 616, 054

+4.2

2, 610, 248
2, 558, 201

+14.8

-9.1
-23.3
+7.3
+58.3
+40.3

+11.3
-5.7
+15.3
+56.7
+47.1

-2.3

0.0

4, 526, 695

5, 044, 878

+11.4

-0.6 +1.1
+5.1 -4.1
+10.0 +27.2
+2.3 +17.0

4, 523, 574

5, 038, 049

+11.4

132, 949

140, 469

0.0
+0.2
0.0
+2.6

0.0
+0.9
+1.1
+2.6

0.0

+6.6

-25.6
-25.6
+2.4
+2.4

-23.7
-23.7
+6.3
+6.3

2, 273, 422
2, 186, 018

+17. a

+5.7

Steel Products
Structural steel, fabricated:
Bookings (prorated)
Ratio to capacity
Shipments (prorated)...
Ratio to capacity
Steel plate, fabricated' bookings:
Total.-

216, 550
71
268, 400
88

250, 100
82
250, 100
82

186, 050
61
256, 200
84

237, 900
78
244,000
80

244, 000
80
240,950
79

3

31, 356
44
11, 908

3 45, 001
3
66
3
21, Oil

32, 816
48
16, 234

29, 594
44
7,500

24, 963
337
8,458

159, 506
132, 164
107, 712

194, 717
160, 170
61, 795

171, 588
142, 178
75, 248

182, 071
152, 781
68, 334

188, 465
145, 382
57,099

136, 791
106, 462
61, 015

2,606
2,557
1,535

2,150
2,284
1,669

2,343
2,299
1,638

2,450
2,420
1,614

1,957
1,989
1,438

2,124
2,260
1,629

602
607
554

531
604
602

546
611
662

588
708
790

453
517
447

407, 940
417, 632
511, 290
186

378, 163
448, 390
411, 119
173

391, 925
384, 924
422, 148
167

400, 464
377, 798
522, 273
194

175
68, 408

125
50, 494

104
38, 852

127
44, 211

90, 758
73,258

85, 799
69, 762

84, 912
70, 592

1,882
1,736
3,704

1,594
1,611
3,586

1,947
1,919
3,606

179
190
125
140

154
157
126
137

154
147
181
137

7, 830
4,320

7,578
4,267

15
95
1

14
81
2

231, 800 3 228, 750
short tons
375
76
per cent
short tons.. 237, 900 3 268, 400
388
78
per cent

short tons

46, 473
68
15, 728

Oil -storage tanks. _ _
short tons..
Iron and steel:
Exports173, 418
Total _
long tons
Selected items
long tons.. 139, 787
92, 201
Imports . _
long tons
Steel furniture:
Business group2,576
Shipments
thous. of dollars __
2,464
Orders received
thous. of dollars..
1,589
Shelving617
Shipments
thous. of dollars
581
Orders received
thous. of dollars __
587

Machinery
Foundry equipment :
Sales
dollars.. 425, 638
Shipments
dollars.. 415, 082
524, 382
Unfilled orders end mo
dollars
^Machine tools orders
index number
112
Stokers:
Sales
number
129
Sales
horsepower.. 48, 482
Washing-machine sales:
Totalnumber.. 89, 150
Electric
number
72, 865
Steam, power, and centrifugal pumps:
New orders
thous. of dolls
1,772
Shipments
thous. of dolls _
1,661
Unfilled orders, end mo
thous. of dolls..
3,620
Agricultural machinery and equipment:
SalesTotal
index number..
153
Domestic
index number
157
142
Foreign
index number
Production
index number
141
Domestic pumps and water systems:
7,004
Shipments
number of units
Stocks end of month
number of units
6,142
Electric industrial trucks and tractors:
Shipments, domestic—
12
Tractors
number of vehicles
87
All other types
number of vehicles..
Exports
number of vehicles
9

39, 551
58
10, 829

8,318
3 5, 110
21
104
19

3

3

1,468
1,703
3,332

1, 906, 250

-4.3

2,019,100

2, 174, 650

+7.7

-27.1 +31.5
-27.3 +29.7
-22.7 +91.9

242, 415

322, 975

+33.2

64, 259

112, 176

+74.6

+6.1 +33.1
+7.5 +43.5
-9.2 +12.0

1, 308, 101
1, 016, 924
616, 176

1, 576, 959
1, 313, 579
752, 059

+20.6
+29.2
+22.1

+15.3
+7.1
-0.9

19, 360
19, 672

23, 209
23, 374

+19.9
+18.8

542
625
512

+7.7 +8.5
+15.9 +13.3
+19.3 +54.3

4,692
4,912

5,491
5,637

+17.0
+14.8

580, 865
388, 371
598, 143
161

296, 438
351, 121
544, 042
149

3, 344, 308
3, 075, 838

3, 808, 711
3, 839, 356

+13.9
+24.8

91
29, 865

119
38, 155

+2.2 +35.1
-1.9
+7.6
+23.7 -4.0
+16.2 +30.2
+22.1 +6.7
+13.8 +15.9

1,050
419, 317

1,092
442, 868

+4.0
+5.6

78, 539
64,040

78,774
66,601

* 583, 289
4
480, 495

« 681, 950
* 551, 924

+16.9
+14.9

1,791
1,428
3,530

1,323
1,461
3,378

13, 050
12, 004

14, 806
14, 152

+13.5
+17.9

131
127
147
110

125
116
159
115

151
825
103

136
849
57

-9.9
+2.9
-44.7

33, 670
488
489

-1.6
-14.4
-26.6

«57
«286

10
82
5

PATENTS ISSUED
Total, all classes
rmmbpr
4,254
3,334
3,115
3,625
4,495
49
43
39
Agricultural implements
number. _
53
68
42
37
30
78
Internal-combustion engines
number
40
* Eight Eaonths' cu mulative, (ending AUJ 5.31.
3 Revised.




1, 991, 650

512

3,513
50
56

+4.6
+5.3
-1.5

-24.6 +11.0
-11.3 +16.6
-7.6 -1.4

-28.6
+1.2
+150. 0

4,281 -26.8
68 +10.3
57 -61.5
» Quart(jr ending

-27.2
34, 224
-36.8
570
-47.4
598
in mont h indicated.

31

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, " Survey "

May

AUTOMOBILES
Production:
Passenger cars394, 569
Total
number of cars
United States
number of cars.. 373, 140
21, 429
Canada
number of cars
Trucks51, 343
Total
number of cars
United States
number of cars.. 47, 838
3,505
Canada
number of cars
Exports:
Assembled—
28, 482
Total
number of cars
22, 120
Passenger cars
number of cars
6,362
Trucks
number of cars..
From Canada—
5,594
Total
number of cars..
3,977
Passenger cars
number of cars..
1,617
Trucks..
number of cars..
11, 391
Foreign assemblies
number of cars
Accessories and parts:
Shipments—
Original p.qnipmfvnt
influx fins
145
177
Replacement parts
index nos
183
Accessories
index nos
175
Service parts
_
. index nos _
7,685
Exports
thous. of dolls..
Sales (General Motors Co.):
79
Proportion closed cars
per cent
120, 979
To dealers
number of cars
141, 651
To users
.
number of cars

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

September

August

August

September

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

SepSep;ember, tember,
1926,
1926,
from
from
SepAugust, ;ember,
1926
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

358, 365
339, 547
18, 818

329, 950
316, 997
12, 953

393, 115
380, 258
12, 857

350, 811

223, 517
216, 087
7,430

274, 227
263, 855
10, 372

-7.7 +33.0

4 2, 529, 981
2, 695, 057
* 98, 779

2, 896, 167
3,118,461
* 128, 517

+14.5
+15.7
+30.1

47, 118
44, 186
2,933

41,906
39, 651
2,255

47, 772
45, 368
2,404

46, 312

37, 850
36, 364
1,486

60,482
58,002
2,480

+2.1 -20.2

* 319, 439
363, 505
* 13, 936

* 366, 405
385, 888
4 26, 830

+14.7
+6.2
+92.5

19, 934
15, 354
4,580

22, 486
17, 077
5,409

20, 272
16, 130
4,142

27, 001
20, 038
6,963

33, 240
26, 516
6,724

22, 814
18, 780
4,034

+33.2 +18.4
+24.2 +6.7
+68.1 +72.6

218. 383
180', 037
38, 346

231, 860
179, 675
52, 185

+6.2
-0.2
+36.1

4,541
2,979
1,562
15, 431

4,158
2,641
1,517
12, 299

3,045
2,448
597
11, 150

6,471
4,483
1,988

4,431
2,985
1,446
16, 136

5,547
4,030
1,517
11, 817

+112. 5 +16.7
+83.1 8+11.2
+233. 0 +31.0

49, 873
38, 475
11, 398
* 127, 254

52, 365
36, 918
15, 447
4 129, 277

+5.0
-4.0
+35.5
+1.6

140
135
140
184
6,789

135
117
127
142
8,160

157
120
131
166
6,319

81
111, 380
117, 176

84
87, 643
101, 576

71, 317
77, 166

72, 228
76, 479

3

6,925

161
130
149
113
6,021

-8.4

62,436

71, 644

+14.7

138, 360
118, 224

62
76, 462
78, 638

66
89, 018
83, 519

+3.1 +55.4
-3.3 +41.6

612, 047
624, 389

996, 321
962, 295

+62.8
+54.1

72, 014
77, 613

71, 777
80,320

68, 090
72, 861

67, 720
76, 571

-0.3
+3.5

+6.0
+4.9

634, 109
706, 566

649, 217
717,479

+2.4
+1.5

128, 925
128, 568
84, 034
37, 741

123,390
132, 122
78,459
40, 753

110, 029
122, 618
73, 740
38, 285

108, 426
125, 206
75, 670
34, 516

-4.3 +13.8
+2.8 +5.5
-6.6 +3.7
+8.0 +18.1

997, 661
1, 137, 825
600, 566
432, 324

1, 064, 588
1, 173, 379
692, 086
340, 803

+6.7
+3.1
+15.2
-21.2

66, 658
260, 186
.1417

70, 137
262, 752
.1406

77,343
239, 542
.1449

3

69, 007
247, 398
.1438

+5.2
+1.0
-0.7

+1.6
+6.2
-2.2

134, 231
122, 305

179 j
100
155
123
7,561

+9.6

NONFERROUS METALS
Copper
Production:
Mines
.
short tons
73, 542
Smelter
short tons
85, 025
Refined (North and South
113, 898
America)
_
short tons
136,468
World production, blister
short tons
73, 197
Domestic shipments, refined
short tons
Exports
short tons . 36,263
Stocks (North and South America):
69, 369
Refined
^
short tons
274, 943
Blister
short tons
.1360
Wholesale price, electrolytic . dolls, per Ib

116, 743
124, 100
78, 206
42, 422
66, 096
275, 338
.1366

3

3

119,020
124, 483
76, 352
35,300

64, 940
277, 888
.1392

3

3

3

Copper Products
Plumbing fixtures:
Sales, tubularQuantity
number.. 184, 501
Value
._
.dollars
211, 223
Wholesale price, 6 pieces —
dollars_. 108. 74
Brass faucets:
219, 362
Orders received
number of pieces
Orders shipped
.. number of pieces
263, 810
Fire extinguishing equipment, shipments:
Motor vehicles
number
110
Hand types
...number.. 61, 526
Tin
Deliveries (consumption) ._
Stocks, end of month:
World visible supply
United States. .
Imports
Wholesale price, pig tin.
Ziiic

long tons

154, 250
173, 223
107. 13

174, 145
188, 203
106. 78

176, 794
214, 370
106.23

201, 998
204, 256
106.22

216, 768
202, 586
111. 44

197, 703
192, 638
111. 72

+14.3
-4.7
0.0

+2.2
+6.0
-4.9

1, 814, 160
1,672,415

1, 930, 998
1, 940, 255

+6.4
+16.0

188, 979
199, 475

225, 831
237, 808

186, 751
226, 872

261,055
277,647

362, 901
320, 958

368, 405
338,083

+39.8 -29.1
+22.4 -17.9

3, 323, 392
3, 938, 059

2, 492, 068
2, 614, 245

-25.0
-33.6

148
53, 751

142
54, 234

153
50, 659

124
48, 517

131
49, 997

126
51, 343

-19.0
-4.2

-1.6
-5.5

1,144
472,406

1,074
475, 943

-6.1
+0.7

-0.6

-8.3

58, 555

59, 450

+1.5

58, 203

58, 698

+0.9

436,008

471, 608

+8.2

591, 515

625,337

+5.7

418,372
92,711
360, 083

438, 992
95, 775
4 377, 004

+4.9
+3.3
+4.7

47,022
10,355
36. 666

46,483
11,798
34. 685

-1.1
+13.9
-5.4

3

5,685

6,900

7,630

5,870

5,835

6,520

6,360

18, 045
1,739
6,160
.6017

15, 831
2,409
7,230
.5841

13, 777
3,014
7,941
.6137

13, 352
1,829
5,132
.6388

14, 379
1,854
6,092 1
.6654

20, 000
3,644
7, 747
.5665

17,642
2,309
5,365
.5641

+7.7 -18.5
+1.4 -19.7
+18.7 +13.6
+4.2 +18.0

Retorts in operation, end of month... number.. 86, 279
Production
short tons
53, 703
Stocks, end of month
short tons
29, 934
Ore, Joplin district:
Shipments
short tons. . 68, 718
Stocks, mines, end of month — short tons.. 29, 757
Price, slab, prime western
dolls, perlb..
.0682
Lead
Production
.. short tons
49,915
Ore shipments, Joplin district
short tons.. 10, 765
Receipts of lead in U. S. ore
short tons
8 48, 112
Stocks, U. S. and Mexico, end mo. .short tons.. 120, 817
Price, pig desilverized(New York). dolls, per Ib. . .0775

76', 912
48, 226
25, 760

83, 980
48,403
22, 986

84, 584
51, 761
18, 164

87, 028
52, 144
15, 699

85, 576
47, 849
17, 032

86, 556
47, 384
11, 796

+2.9 +0.5
+0.7 +10.0
-13.6 +33.1

55, 732
31, 885
.0711

73, 409
20, 776
.0741

67, 736
19, 250
.0738

69, 547
19, 103
.0741

75, 125
27, 682
.0758

70,083
22,810
.0775

+2.7 -0.8
-0.8 -16.3
+0.4 -4.4

46, 478
10, 505
47, 566
111,429
.0891

49, 830
12, 879

46,223
10,772
42,588
91, 589
.0919

44,334
10,820
46, 381
96, 932
.0951

+7.2 +12.4
+22.6 +19.0

_

long tons
long tons
long tons
.dolls, per lb_.

47, 524
7,131
3 44, 918
123, 099
.0803

47, 796
11, 566
44, 944
118, 697
.0850

3

3
3

.0879

Babbit Metal
Consumption:
Total apparent
Direct by producers
Sale to consumers




-1.3

4

-7.6

itfe.

thous. of Ibs
4,797
thous. of lbs_.
1,157
thous. of lbs_
3.640
3
Revised.

4,964
1,330
3.634

5,015
1,339
3.677

+7.0 +15.5
+9.5 +42.4
+6.1 +7.7
4
Eight months' cumulative, ending Aug. 31.

4,987
1,354
3. 633

5,337
1,482
3.855 1

5,442
1,373
4.069

4,621
1,041
3.580

32
TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1935

1926

July

August

September

August

SepSeptember, tember,
1926,
Septem- 1926,
from
from
ber
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1935

1936

Per
cent
increase
(+)
or decrease
(-)
cumu
lative
1926
from
1925

NONFERROUS METALS-Continued
Arsenic

Crude:
Production
Stocks
Refined:
Production
Stocks

short tons
short tons

973
3,712

327
3,167

374
2,954

166
2,947

672
3,233

511
3,003

* 6, 279

4 3, 540

-43.6

short tons
short tons

4,768

140

390
4,414

271
3,523

495
3,002

749
7,190

866
7,394

4 8, 329

4 3, 213

-61.4

153, 497
169, 719
153, 381

142, 142
168, 743
145, 377

147, 410
150, 160
161,315

172, 066
143, 171
179, 234

116, 740
164, 614
124, 479

121, 933
158, 897
119, 554

113, 427
149, 829
112, 629

114, 748
139, 964
113, 835

102, 333
149, 555
97, 178

129, 629
90,441
129, 826

122, 564
84, 933
121, 827

-10.8
+6.9
-14.6

-16.5
+76.1
-20.2

1, 018, 305

948, 501

-6.9

1, 087, 974

986, 729

-9.3

125, 241
249, 171
129, 327

134, 542
248, 959
130, 904

117, 973
238, 556
118, 963

122, 523
219, 086
119, 924

130, 131
210, 291
115, 797

140, 391
218, 728
145, 848

139, 858
205, 012
145, 226

+6.2
-4.0
-3.4

-7.0
+2. .6
-20.3

1, 173, 484

1, 087, 596

-7.3

1, 223, 248

1, 091, 481

-10.8

127, 153
307, 405
126, 732

129, 509
294, 587
126, 728

117, 263
284, 432
117, 705

122, 294
273, 390
127, 758

125, 044
257, 240
115, 973

135, 211
252, 703
143, 275

140, 046
239, 654
145, 236

+2.2
-6.0
-9.2

-10.7
+7.3
-20.1

1, 183, 289

1, 073, 172

-9.3

1, 227, 017

1, 085, 392

-11.5

55, 022
160, 469
59, 786

56, 144
157, 030
58, 538

48, 162
151, 854
49, 432

51, 559
145, 143
55, 657

55, 412
137, 971
51, 483

58, 747
151, 085
64, 019

56, 701
151, 433
57, 629

+7.5
-4.9
-7.5

-2.3
-8.9
-10.7

599, 267

472, 114

-21.2

549, 492

492, 178

-10.4

90, 427
182, 931

80, 050
172, 026

73, 640
160, 665

61, 991
155, 423

48, 278
143, 670

113, 328
260, 171

107, 316
261, 737

-22.1
-7.6

-55.0
-45.1

381

80

71

77

80

445, 256
179, 318
247, 624
18, 314

499, 554
195, 867
279, 474
24, 213

482, 765
154, 187
286, 553
42, 025

419, 071
172, 126
229, 488
18, 457

514, 799
238, 822
247, 940
28, 037

483, 616
194,485
273, 766
15, 365

613, 234
228, 543
364, 565
20, 126

+22.8
+38.7
+8.5
+51. 9

-16.1
+4.5
-32.0
+39.3

4, 722, 244 4, 510, 672
1, 742, 264 1, 692, 818
2, 848, 400 2, 603, 373
214, 485
151, 579

-4.5
-2.8
-8.6
+41.5

270, 960
85, 503
141, 483
43, 974

283,527
93, 437
142, 088
47, 992

273, 365
75, 630
154, 041
43, 694

284, 474
86, 986
145, 616
51, 872

287, 361
97, 335
146, 974
43, 052

262, 711
111, 002
121, 555
30, 154

272, 627
100, 898
140, 375
31, 354

+1.0
+11.9
+0.9
-17.0

+5.4
-3.5
+4.7
+37.3

2, 837, 567 2, 577, 075
820, 319
1,125,453
1,397,547 1, 350, 688
314, 577
406, 068

-9.2
-27.1
-3.4
+29.1

* 4,604,047 4 4,663,223

+1.3

Galvanized Sheet Metal Ware
Production
Stocks end of month
Shipments

dozens
dozens
dozens

Enameled Ware
Baths:
Orders shipped ..
number
Stocks, end of month
number
Orders received
number
Lavatories:
Orders shipped
number. .
Stocks end of month
unmber
Orders received
number
Sinks:
Orders shipped
number
Stocks, end of month
number
Orders received
number
Miscellaneous sanitary ware:
Orders shipped
number. _
Stocks, end of month
number
Orders received
number
Unfilled orders, end of month:
Baths
number
Small ware
number
Household ware:
Furnaces operating
per cent of total

+3.9

Band Instruments

Sales:
Total
Cup mouthpieces
Saxophones
Wood wind

_

dollars
dollars
dollars,.
dollars

Electrical Equipment
Electrical porcelain, shipments:
Total.. .
_ dollars
Standard
dollars,.
Special
dollars
High tension
.
dollars
Laminated phenolic products
shipments,
dollars
Motors (direct current) :
New orders
dollars
Billings (shipments)
.
dollars
Electric hoists:
New orders—
Quantity
number
Value
dollars..
Shipments...
dollars
Vulcanized fiber:
Domestic salesTotal
thous. of dolls
Hollow ware
thous. of dolls
Consumption
thous. of Ibs

556, 260

525, 690

613, 645

765, 810

740, 232
793, 832

904, 269
928, 272

740, 424
876, 257

792, 613
876, 297

253
147, 447
185, 607

332
178, 426
159, 124

293
171, 871
130, 234

273
165, 773
150, 419

878
61
3,234

855
48
3,272

889
43
3,020

883, 158 1, 096, 531

326
153, 632
173, 958

288
150,642
149, 677

261
151, 913
118, 166

+19.4
-7.3
+15.6

+24.9
+1.1
+47.2

2,590
1, 377, 288
1, 295, 369

2,770
1, 504, 471
1, 498, 367

+6.9
+9.2
+15.7

48,976

44,883
3998
1,798

46, 817
3 1 196
1,629

+5.7

+4.6

3,737

366, 168
e 6, 143
11,473

406, 306
6 8, 253
18, 424

+11.0
+34.3
+60.6

739

444

3376

+4.2

FUELS
Coal and Coke

Bituminous:
Production41, 992
43, 472
46, 352
United States
thous. of short tons.. 39, 059
3 1, 139
3 1, 396
1,348
Canada
thous of short tons
2,139
3,548
1,517
3,240
Exports
thous. of long tons
Consumption—
521
709
641
437
By vessels
thous of long tons
By electric power
3,085
3
3,
174
3,451
3
3,
364
plants
thous. of short tons. .
7,519
7,844
7,635
By railroads
thous. of short tons
By coke plants6,574
6,465
6,915
United States -thous. of short tons..
6,742
242
250
Canada
thous. of short tons_.
230
236
Prices—
1.91
Mineaverage (spot) .dolls, pershort ton-1.93
1.90
31.98
Wholesale, Kanawha, f. o. b.
3.39
3.39
3.39
Cincinnati
dolls, per short ton
3.39
8.32
8.12
8.13
8.27
Retail, Chicago. . .dolls, per short ton..
1
3 Revised.
Eight months' cumulative, ending Aug. 31.




+5.3 +129. 4

+96.5

3,311

4,506

+36.1

4 25, 568
e 54, 777

4 26, 723
6 57, 592

+4.5
+5.1

53,381
4 1, 367

62,854
4 1, 920

+17.7
+40.5

3,373
7,841

3,476
7,831

7,298

5,498
142

5,757
157

+11.0

+26.8

2.15

2.04

32.18

+8.6

-1.4

3.64
8.91

3.39
+7.4
3.49
+4.3
8.32
8.89 ' +7.1 +0.2
6
Seven months' cumulative, ending July 31.

33

TREND OF BUSINESS MOVEMENTS—Continued
1936

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

September

August

August

SepSeptember, tember,
1926,
Septem1926,
from
ber
from
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1935

1926

61, 369
2,757

61, 352
2,496

0.0
-9.5

7,186
29, 269
4898
'564

9,642
33, 161
4 1, 258
668

+34.2
+13.5
+40.1
+18.4

575, 427

555, 808

-3.4

48, 325
553, 461
12, 796

46, 439
572, 828
13, 714

-3.9
+3.5
+7.2

8, 103, 018

8, 974, 392

+10. 8

938, 176
7, 058, 562

1, 372, 288
7, 971, 432

+46.3
+12.9

4 2, 018, 529 4 2, 310, 104

+14. 4

FUELS— Continued
Coal and Coke— Continued
Anthracite:
8,225
8,444
9,014
52
8,054
8,937
8,429
Production
thous. of short tons _
395
363
163
327
386
476
390
Exports
._
thous. of long tons. .
PricesWholesale chestnut,
11.47
11.48
11.27
New York
dolls, per long ton
11.47
11.48
11.48
11.16
Retail, chestnut,
14.54
15.04
New York
dolls, per short ton _
14.50
14.03
14.50
14.50
14.50
Coke:
Production, U. S —
752
1,310
605
749
884
963
Beehive
thous of short tons
811
3,641
3,749
3,162
3,185
3,722
By-product
thous. of short tons_.
3,610
3,756
152
166
95
Production, Canada. -thous. of short tons..
159
158
103
64
75
64
84
Exports
thous of long tons
76
81
80
Price, furnace,
3.14
3.49
2.84
2.94
3.19
Connellsville
dolls, per short ton.2.94
3.70
Petroleum
Crude petroleum:
Production
thous. of bbls
64, 893
66, 525
65, 201
65, 432
62, 556
61, 742
67, 580
Stocks, end of month—
Total (comparable)
thous. of bbls.. 284, 009
277, 686
303, 291
281, 432
278, 184 3277,486
301, 156
Tank farms and pipe
lines
thous of bbls
244, 690
242, 149 3240,855
240, 038
272, 576
248, 550
270, 496
Refineries .
thous. of bbls. _
336,631
37, 648
36, 742
36, 035
30, 715
30, 660
35, 459
California —
32, 124
30, 489
Light
thous. of bbls..
37, 179
35, 405
33, 583
41, 566
43, 007
Heavy
thous. of bbls. _
87, 475
87, 769
87, 761
78, 507
88, 180
87, 389
81, 476
5,332
Imports
thous. of bbls__
5,571
4,350
4,027
4,502
5,185
4,045
Consumption (run to stills) .thous. of bbls._
67, 693
65, 992
65, 341
65, 030
67, 442
67, 016
62, 115
1,924
Oil wells completed
number. _
1,652
1,745
1,581
1,517
1,861
1,504
Mexican field, shipments
thous. of bbls__
7,522
8,482
6,545
6,905
Price, Kansas- Oklahoma
dolls, per bbl._
2.050
2.050
2.050
1.730
1.600
1.900
2.050
Gasoline:
ProductionRaw (at refineries)
thous. of gals__ 1, 029, 378 1, 017, 996 1, 046, 934 1, 067, 472 1, 043, 028
974, 022
906, 066
Natural gas (at plants) ..thous. of gals.. 110, 286
107, 031
111,855
111,619
110, 359
92, 700
93, 100
Exports
thous. of gals__ 188, 782
144, 055
147, 657
161, 516
150, 909
116, 481
88, Oil
Consumption
thous. of gals
942, 858
969, 066 1, 014, 804 1, 103, 844
937, 566
989, 856
847, 434
Stocks, end of month
thous. of gals.. 1, 802, 094 1, 713, 264 1, 609, 230 1, 451, 142 1, 400, 322 1, 521, 912 1, 494, 024
Price, motor, New York
dolls, per gal..
.210
.202
.202
.210
.210
.210
.170
Retail distribution, 21 States.thous. of gals. _ 313, 765
331, 020
325, 793
327, 076
3 303, 906
293, 650
Kerosene oil:
Production
thous. of gals
209, 790
204,204
216, 258
218, 022
187, 530
218, 106
197, 820
Consumption
.thous. of gals__ 134, 820
114, 786
121, 590
100, 632
113, 778
148, 176
178, 920
Stocks refineries, end mo
thous. of gals._ 309, 876
354, 438
343, 812
342, 678
402, 150
330, 834
353, 430
Price, 150° water white
dolls, per gal_.
.109
.099
.072
.125
.125
.116
.074
Retail distribution, 13 States thous. of gals. _
38, 654
40, 679
29, 370
31, 078
38, 110
Gas and fuel oils:
Production
-.thous. of gals.. 1,273,482 1, 227, 912 1, 316, 742 1, 304, 352 1, 286, 040 1, 407, 084 1,284,318
C onsumption—
By vessels
thous. of gals.. 156, 622
173, 232
169, 608
165, 464
169, 694
140, 929 3 156, 915
By electric power plants.thous. of gals..
25, 309
31, 666
26, 182
29, 437
31, 888
33, 977
By railroads
thous. of gals.. 165, 557
171, 525
158, 281
170, 979
168, 342
182, 269
Stocks, at refineries, end mo.thous. of gals.. 875, 322
947, 268 1, 079, 232 1, 113, 000 1, 142, 400 1, 254, 246 1, 256, 431
Price, Okla., 24-26 at
refineries
dolls, per bbl._
1.355
1.335
1.225
1.231
1.425
1.035
1.050
Lubricating oil:
Production
thous. of gals.. 119, 952
119, 112
112, 644
119, 574
112, 350
111, 090
107, 730
Consumption
thous. of gals
95, 718
84, 798
78, 288
85, 806
87, 738
81, 102
83, 454
Stocks at refineries, end mo.thous. of gals.. 321, 552
303, 492
307, 188
307, 734
300, 258
282, 576
283, 920
Price, Pa., 600°, steam
refined
dolls, per gal__
.143
.124
.161
.146
.145
.136
.153

+2.7
-8.1 +122. 7
+0.1

+1.9

+0.3

-3.3

+74.2
-2.9

+74.9
+14.3

-14.7

-23.8

+11.1

-5.7

-2.0

-0.4

+0.1

-7.8

-0.3
+2.8

-11.3
+22.8

-5.1
-0.3
-18.4
-2.5
-9.3

-29.1
+7.4
+8.0
+6.2
+16.0

6.6

+28.1

-2.3
-0.2
+12.1
-14.6
-3.5
0.0

+15.1
+19.9
+83.5
+11.3
-6.3
+23.5

+0.8
-12.3
-0.3
+6.4

+10.2
-43.8
-3.0
+56.8

1,855,434
1, 223, 838

1, 919, 988
1, 155, 084

+3.5
-5.6

4 224, 255

4 230, 384

+2.7

-1.4

+0.1 11,473,098 11, 232, 438

-2.0

+8.1

+2.6

-9.1

+5.2

+35.7

-6.7
-11.4
-1.1

+3.1
+1.6
+5.8

-8.8

-19.0

-7.9
-24.7
-6.5
-2.9
-12.9

+10.1
+93.3
-10.4
+10.1
+40.8

1, 361, 138 1, 441, 124
4 293, 221 4 243, 202
^1,315,965 41,336,245

-2.1
+5.9
-17.1
+1.5

970, 452
652, 344

1, 017, 828
730, 296

+4.9
+11,9

289, 123
24, 282
130, 672
63, 153
52, 113

293, 037
33, 944
119, 201
70, 548
48, 332

+1.4
+39.8
-8.8
+11.7

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of lbs__
Calfskins
thous. of Ibs
Cattle hides
thous. of Ibs. _
Goatskins
thous of Ibs
Sheepskins
thous. of lbs_.
Stocks, end of month:
Total hides and skins
_. .thous. of Ibs..
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._
Leather
Production:
Sole leather. .thous. of backs, bends, sides..
Finished sole and belting
thous. of lbs__
Finished upper
thous. of sq. ft_.
Oak and union harness
stuffed sides..
Skivers
_
_doz__
3 Revised.




31, 497
2,883
13, 629
8,742
3,867

35, 623
4,775
13, 057
8,597
6,383

33, 299
5,023
11, 047
8,455
6,677

32, 359
5,079
12, 345
6,917
6,472

281, 354
232, 645
33, 603
15, 106

293, 615
237, 937
37, 959
17, 719

288, 754
228, 320
41, 767
18, 667

282, 933
219, 193
43, 483
20, 257

.129
.168

.133
.167

.142
.172

.149
.178

.152
.178

1,059
20, 229
62, 807
99, 463
21,776

1,180
22, 922
82, 022
100, 097
20, 329

1, 115
21, 440
64, 678
93, 896
3 18, 126

3 1, 183
22, 308
67, 313
100, 217
19, 136

1,151

3

1

29, 797
3,822
11, 537
6,713
5,634

28, 624
3,921
9,165
7,040
6,442

27, 055
1,977
12, 872
6,095
4,002

254, 801
197, 111
37, 814
19, 876

251, 459
192, 753
38, 456
20, 250

.176
.213

.177
.198

1

+2.0
0.0

-14.1
-10.1

1,107
-2.7
+4.0
20, 701
62, 645
98, 098
96, 548
-2.1 +1.6
33, 418
Eight months' cumulative, ending Aug. 31.
1,279
23, 617
61, 999
94, 925
30, 662

-7.3

11,420
4 184, 374
4 499, 650
886, 627
4 273. 121

9,962 -12.8
4 169, 699 j -8. 0
4 552, 132 +10.5
934, 473
+5.4
173. 113
-36. 9,

34

TREND OF BUSINESS MOVEMENTS—Continued
1926
The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, *' Survey "

PER CENT INCREASE (+) OR
DECREASE (— )

1925

May

June

July

103, 212

236, 130

240,002

232,545

78, 971
153,500

79, 337
141, 693

79, 601
151, 389

65, 313
155, 178

102, 557
306, 664

99,835
300, 834

95, 990
295, 074

90, 660
289, 218

1,102
8,501

1,486
7,987

1, 320
8,181

1,152
7,576

.45
.45

.43
.45

.41
.45

.41
.45

August

SepSeptember, tember,
1926,
Septem- 1926,
from
from
ber
SepAugust, tember,
1926
1925

September

August

223, 165

220,366

215,929

88,487
144, 392

88,202
145, 869

133, 679
295,988

131, 377
296, 174

1,180
8,666

1,716
6,711

.43
.45

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

Per
cent
increase
or decrease
cumu
lative
1926
from
1925

1925

1926

14, 264
66, 413

11, 169
77, 217

-21.7
+16.3

HIDES AND LEATHER— Continued
Leather— Continued
Unfilled orders:
Oak and union harness
sides
Stocks in process of tanning:
Sole and belting ..
thous. of Ibs.
Upper
thous. of sq. ft
Stocks, end of month:
Sole and belting
thous. of lbs_.
Upper
thous. of sq. ft—
Exports:
Sole
- thous. of Ibs _
Upper
thous. of sq. ft—
Prices:
Sole, oak, scoured backs,
heavy, Boston
dolls, per Ib
Chrome calf, "B " grades— dolls, per sq. ft—

Leather Products
Belting sales:
Quantity
pounds— 337, 042 346, 739 327, 855 396, 991
564
567
595
672
Value
thous. of dolls
Boots and shoes:
25, 052
25, 041
Production. _
thous. of pairs.. 23, 129
29, 496
533
464
Exports
thous. of pairs
533
357
Wholesale prices—
Men's black calf
6.40
6.40
blucher, Mass _ _ dolls, per pair6.40
6.40
Men's dress welt, tan
4.85
4.98
calf, St. Louis
dolls, per pair
5.00
4.85
Women's black kid, dress
4.00
4.15
4.13
4.00
welt, lace, oxford
dolls, per pairGloves:
Glove leatherProduction
number of skins__ 582, 199 550, 559 499, 912 529, 823
Stocks (tanned)—
In process
number of skins. _ 1,469,279 1,446,430 1,482,470 1, 614, 077
Finished
number of skins— 569, 467 555, 112 510, 898 538, 066
Gloves, cutTotal
dozen pairs— 206, 850 213, 069 183, 562 224, 583
Dress and street49, 327
56,224
Imported leather
dozen pairs
50,003
50,240
30, 792
38, 577
34, 590
Domestic leather
dozen pairs.. 34, 862
103,443 133, 769
121, 985 124, 239
Work gloves
dozen pairs
RUBBER
Crude:
World shipments, plantation
long tons..
Imports (including latex)
long tons
Stocks, end of monthUnited Kingdom
long tons..
Plantation, afloat
long tons..
Consumption by tire mfrs
thous. of Ibs..
Wholesale price, Para, N. Y.dolls. per lb__

-4.0

+3.4

1,637
7,991

+2.4
+14.4

-27.9
+8.4

.46
.46

.46
.46

+4.9
0.0

-6.5
-2.2

371, 597
625

351, 707
595

361, 138
622

-6.4
-7.0

+2.9
+0.5

3, 352, 146
5,738

3, 183, 867
5,590

-5.0
-2.6

426

28,486
458

29, 769
401

+19.3

+6.2

* 213/694
4,975

4 208, 855
4,256

-2.3
-14.5

4 4,179, 048

4,677, 564

+11.9

6.40

6.40

6.40

0.0

4.85

5.15

5.15

0.0

-5.8

4.00

4.15

4.15

0.0

-3.6

456,059

482, 137

0.0

1,167,838 1,127,024
382, 678 343, 559
203, 336

203,946

4 1,699, 155

1, 675, 810

-1.4

45, 037
30, 807
127,492

43, 521
23, 077
137, 348

4 331, 880
4 258, 668
41,017,809

4 378, 224
4 265, 182
1,010, 392

+14.0
+2.5
-0.7

37, 112

42, 990
33,413

44,496
26,367

+35.5

+40.8

6 280, 264
284, 497

« 340, 504
306, 957

+21.5
+7.9

6,206
63,200
46, 745
.590

+0.9

-42.4

4 384, 787

4 352, 885

-8.3

50,534
29, 759

49,010
24,901

48,380
35, 821

27,399

21, 865
63,500
40, 953
.383

25, 399
71,600
42, 914
.344

69,700
42, 189
.335

49,841
.337

.340

5,107
62,400
52, 171
.663

thousands..
thousands
thousands. _

3,768
9,257
3,829

4,066
8,976
4,208

3,712
7,944
4,682

3 4, 404
3 7, 299
3 4, 973

4,274
7,103
4,432

4,205
5,446
3,454

3,755
5,761
3,293

-3.0 +13.8
-2.7 +23.3
-10.9 +34.6

35, 512

35, 515

0.0

33, 889

33,743

-0.4

thousands
thousands..
thousands..

4,612
15, 855
4,654

4,628
15, 182
5,097

4,297
12, 949
6,381

3 5, 568
3 11, 696
3 7, 114

5,670
11, 556
5,779

5,713
6,953
5,101

5,440
7,463
4,851

+1.8 +4.2
-1.2 +54.8
-18.8 +19.1

47, 053

46, 189

-1.8

46, 145

41,902

-0.2

thousands .
thousands. _
thousands

36
173
37

33
172
38

30
152
40

338
3147
a 45

44
169
51

62
125
44

56
136
39

+15.8 -21.4
+15.0 +24.3
+13.3 +30.8

482

377

-21.8

459

329

-28.3

1,730
659
646

2,445
1,099
778

2,458
999
954

1,533

2,326
646
1,206

2,587
669
1,452

« 11, 730
«4,090
<4,538

« 13, 158
«4,383
4 6, 865

+12.2
+7.2
+51.3

132, 663
144, 471
186, 055
31, 771

99, 794
129, 329
246, 691
29,859

101,465
135, 368
212, 798
24, 777

1, 261, 300
1, 273, 578

1, 365, 335
1, 379, 735

+8.2
+8.3

231, 483

213,933

-7.6

209, 176
210,288
42, 190
104, 964
2.75

198, 142
196, 690
-1.5
+6.3 1,828,914 1,972,234
196, 548
193, 748
-1.6 +8.6 1,830,034 1,967,628
45, 252
42,350
-3.1 -6.8
106, 879
111, 163 -20.3
5.6
994, 166 1,035,896
2.68
2.68
0.0 +2.6
8
Seven months* cumulative, ending July 31.

+7.8
+7.5

Tires and Tubes
Pneumatic tires:
Production .. .. .
Stocks, end of month
Shipments, domestic
Inner tubes:
Production
Stocks, end of month
Shipments, domestic .. .
Solid tires:
Production
Stocks, end of month
Shipments, domestic

Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal
Auto fabrics
Clothing fabrics

thous. of yds..
thous. of yds..
thous. of yds..

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production
short tons
189,580 165, 312 130, 197 3 121, 254
Consumption and shipments... short tons- 161,478 155, 229 147,005 3 147, 291
Stocks, end of month
short tons.. 234, 037 241, 754 224, 948 3 197, 863
21,645
26,067
26, 759
Imports
. short tons.. 19, 127
Chemical:
217,
150
3
212,
384
Production
short tons.. 220, 142 225, 330
Consumption and shipments... short tons.. 220, 118 212, 324 213,550 3 213, 778
39,
274
42,
132
45, 710 > 43, 534
Stocks, end of month
short tons..
Imports
._
.
.short tons.. 106, 250 136, 577 129, 237 131, 769
2.95
2.95
2.75
2.95
Price, sulphite
dolls, per 100 Ibs..
«Eight months' cumulative, ending Aug. 31.
3 Revised.




+9.4 +30.7
-1.9 +6.7
-6.0 -12.6
+18.7 +28.2

+4.2

35
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, " Survey "

Septem-

September

SepSeptember, tember,
1926,
1926,
from
from
SepAugust, tember,
1926
1925 •

May

June

July

short tons
short tons__
short tons

141, 032
153, 969
176, 893

142, 166
158, 601
161, 156

140, 516
163, 037
147, 584

139, 259
162, 545
151, 144

136, 167
161, 387

121, 339
120, 957
135, 054

121. 594
124, 889
145,082

-2.2 +12.0
-0.7 +29.2

short tons..
short tons
short tons..

142, 294
151, 990
134,870

141, 521
161, 108
162, 972

142, 690
161, 824
153, 865

136, 564
160, 031
161, 063

135, 300
162, 740
139, 720

120, 189
121,181
102, 741

128, 030
124, 874
110, 688

short tons..
short tons

1,941
135, 251

1,526
141, 889

1,902
150, 778

1,206
149, 935

1,413
117, 332

1,558
116, 232

1,869
116, 278

-0.9 +5.7
+1.7 +30.3
-13.3 +26.2
+17.2 -24.4
-21.7 +0.9

short tons
short tons
short tons
short tons
per 100 Ibs

18, 207
14, 331
128, 253
35, 770
3.50

18, 852
11, 795
115,714
32, 391
3.50

16, 524
12, 963
152, 295
31,811
3.50

19, 098
15, 624
165, 239
36, 316
3.50

18, 741
14, 684

3.50

35, 077
22, 956
167, 119
30, 233
3.70

27, 281
22, 864
159, 926
31, 054
3.70

847
146

491
88

606
108

587
135

805
135

699
139

695
117

12, 250
11, 537
96

12, 946
12, 732
97

11, 638
9,578

13, 288
12, 625
94

12, 682
12, 096

12, 152
12,042
90

12, 562
12, 973
96

August

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1925

1926

Per

cent
increase
or<+?
decrease
(-)
cumulative
1926
from
1925

PAPER AND PRINTING-Continued
Newsprint Paper
Production:
United States
Canada
._ _ . _ .
Consumption
Shipments:
United States
Canada
Imports .
Exports:
United States
_
Canada
Stocks, end of month:
At millsUnited States
Canada
At publishers
In transit to publishers
Price, roll, f o. b. mill
dolls,

1, 127, 436 1, 260, 025
1, 115, 232 1, 380, 722
1,138, 132 « 1,285, 571

+11.8
+23.8
+13.0

1, 120, 350
1, 113, 807
1,066,391

1, 253, 282
1, 376, 868
1, 339, 000

+11.9
+23.6
+25.6

15, 065
1, 017, 500

15, 760
1, 236, 178

+4.6
+21.5

+37.1 +15.8
0.0 +15.4

5,867
1,196

5,879
1,189

+0.2
-0.6

+1.0
-6.8

108, 405
105, 886

112, 003
105, 858

+3.3
0.0

462,600,921 467,637,762
4 1, 489, 173 4 1, 668, 508
4 1, 498, 419 * 1, 660, 381

+8.0
+12.0
+10.8

4 1, 415, 802 * 1, 587, 255
4 1, 480, 506 4 1, 659, 058

+12.1
+12.1

1, 000, 214
__ _ *

+4.2

-1.9
-6.0

-31.3
-35.8

0.0

-5.4

4

Printing
Book publication:
American manufacture
no. of titles _
Imported
no. of titles..
Sales books:
New orders
thous. of books. .
Shipments
thous. of books
Printing activity
weighted index number..

391

•

-4.6
-4.2

Box Board
Operation
...
.
_ . inch hours. _ 8, 269, 046 9, 036, 327 8, 607, 891 8, 954, 451
223, 693
203, 937
209, 961
Production
tons
218, 555
210, 849
198, 154
211,907
Orders received
tons
238, 836
107.1
107.9
108.8
Operation
per ct. of capacity. _
108.1
Unfilled orders, end of month
tons.. 83, 293 109, 437 122, 667 100, 725
217, 516
200, 927
Consumption of waste paper
_
tons
188, 691
208, 728
224, 193
204, 617
207, 994
Shipments
tons
212, 741
61,316
52, 060
Stocks, end of month
_ tons
57, 416 3 60, 630
Stocks of waste paper, end of month:
199, 223
147, 523
136, 895
On hand
.
tons
136, 380
53, 933
60, 391
In transit and unshipped purchases. -tons.. 44, 802
57, 820

8, 069, 721 8, 152, 403
198, 749
196, 527
211, 385
191, 840
102.2
101.1
119, 248
109, 191
188, 720
188, 301
202, 599
204, 766
51, 699
55, 560

149, 984
44, 359

155, 476
49, 587

I

_

Other Paper
Book paper, total:
Production
short tons__
Stocks, end of month
short tons__
Coated book paper:
Production
per ct. of normal...
Shipments— .per ct. of normal production..
Orders
per ct. of normal production..
Unfilled orders, end of month
days..
Uncoated book paper:
Production
per ct. of normal__
Shipments per ct. of normal production..
Orders
per ct. of normal production
Unfilled ordfirs, find of month
days
Wrapping paper:
Production
.
Stocks end of month
short tonsFine paper:
Production
short tonsStocks end of month
short tonsAll other grades:
Production
—short tons—
Stocks, end of month
short tonsTotal paper (inc. newsprint and boxboard) :
Production
short tons
Stocks, end of month .
short tons. .

109, 594
62, 312

111, 786
67, 920

100, 607
64,524

108, 656
67, 750

110, 829
67, 073

105, 889
64,064

103, 772
64,064

+2.0
-1.0

+6.8
+4.7

960, 344

89
87
79
6

88
88
83
6

83
84
81
6

87
81
89
9

90
89
85
9

70
73
75
7

72
77
67
7

+3.4
+9.9
-4.5
0.0

+25.0
+15.6
+26. 9
+28.6

,

99
92
90
12

92
88
86
12

88
87
91
13

94
91
92
13

91
88
90
11

90
87
88
12

82, 905
70, 147

87, 391
72, 019

84, 142
67, 642

3 92, 546
366,211

87, 511
62, 525

93, 002
99,284

89,076
93, 481

-5.4
-5.6

-1.8
-33.1

808, 862

795,075

-1.7

39, 271
51, 040

36, 780
53, 673

36,489
3 52, 104

36,488
s 53, 528

36, 751
53, 843

36,399
51, 143

35, 750
49, 558

+0.7
+0.6

+2.8
+8.6

332, 383

347, 592

+4.6

104, 575
80,834

103, 594
84,146

98, 006
81, 963

97, 525
77, 675

99, 752
74, 592

99, 672
65, 612

102, 195
63, 989

+2.3 -2.4
-4.0 +16.6

902, 062

918,386

+1.8

681, 314
334, 600

700, 272 3 669, 721 3 700, 394
354, 026 3343,387 3 345, 578

652, 829
370, 742

651, 136
350, 072

4 5,167,873 * 5,521,017

+6.8

3, 027, 716
2, 344, 926
688, 730

3, 590, 779
2, 830, 936
759, 843

+18.6
+20.7
+10.3

792, 136
103, 315

792, 771
119, 268

+0.1
+15.4

Paperboard Shipping Boxes
Production:
Total
Corrugated
Solid
fiber...
Operating activity:
Total
_.
Corrugated
Solid
fiber

thous. of sq. ft.. 382, 405
thous. of sq. ft.. 298, 150
thous. of sq. ft.. 84, 255
per cent of normal..
per cent of normal..
per cent of normal

79
79
78

-0.1 *+19.2
+1.7 +22.1
+8.7
-6.7

387, 650
302, 622
85, 028

403, 386
316, 039
87, 347

441, 593
348, 835
92, 758

441, 372
354, 798
86, 574

361, 424
286, 261
81, 163

370, 315
290, 698
79, 617

77
77
78

77
78
75

82
83
79

81
83
76

79
80
74

81
82
79

-1.2
0.0
-3.8

0.0
+1.2
-3.8

Other Paper Products
Rope paper sacks, shipments.. .index number..
Abrasive paper and cloth:
Domestic sales
reams
Foreign sales .
reams
Labels, orders
per ct. of capacity..
3
Revised.




95

123

127

138

137

151

133

-0.7

+3.0

82, 171
14, 962
113.4

93,003
13, 591
98.1

77, 756
12, 277
101.9

94, 911
10,549
74.1

93, 804
10, 896

85, 194
8,947
100.9

86, 448
10,997
50.7

-1.2
+3.3

+8.5
-0.9

< Eight months' cumulative, ending Aug. 31.

36
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlien data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

September

June

July

4,318
1,277
166, 738

3,793
1,143
160, 732

8,923
1,348
151, 418

8,169

197
197

195
196

197
197

196
196

194
193

May

PER CENT INCREASE (+) OR
DECREASE (— )

1925

August

August

Sep;ember,
Septem- 1926,
from
ber
August,
1926

Sepember,
1926,
from
Sep;ember,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1925

1926

Per
cent
increase(+>
or decrease
(-)
cumulative1
1926
from
1925

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Minneapolis, Minn
Portland, Oreg
Real estate conveyances (41 cities)

5,858
number..
1,379
number
number.. 162, 565

9/058
1,298
145, 571

8,497
1,510
149, 156

-8.5

195
194

192
193

-1.0
-1.5

-3.9

45, 898
46, 521
4
9, 324
4 10, 288
* 1,220, 273 4 1, 254, 631

+1.4,

+10. a

+2.8-

Building Costs (Index Number)
Building materials:
Frame house, 6-room, 1st of month
Brick house, 6-room, 1st of month
Concrete factory costs (Aberthaw), 1st of following month
Building costs (Engineering News Record),
1st of following month
Construction index:
Frame
index number
Brick, wood frame
index number
Brick steel frame
index number
Reinforced concrete
index number

+1.0
0.0

199

199

198

197

197

194

194

0.0

205

208

208

208

210

202

205

+1.0

+2.4

203
213
200
202

203
213
200
201

203
213
197
200

203
213
198
200

203
213
197
200

199
209
200
200

200
210
199
200

0.0
0.0
-0.5
0.0

+1.5
+1.4
-1.0
0.0

12, 045
6,785
48, 783
6, 194

12, 015
5,610
44, 154
5,635

10, 704
9,209
34, 999
5,876

12, 438
6,918
39, 829
5,196

14, 171
6,290
40, 183
4,588

17, 295
4,773
52, 096
5,246

13, 262
8,643
46, 790
4,744

Vl3.9 +6.9
-9.1 -27.2
+0.9 -14.1
-11.7
-3.3

114, 025
47, 285
389, 684
46, 200

110, 883
59, 623
378, 390
41, 430

-2. 8.
+26.1
-2.9>

6,012
80, 704

5,938
73, 802

4,901
66, 004

7,207
72, 220

6,303
71, 897

8,736
88, 594

8,270
86, 167

-12.5
-0.4

-23.8
-16.6

53, 925
664, 164

49, 612
644, 039

-8.0'
-3. 0

63, 006
44, 560
236, 640
37, 188

66, 064
53, 725
224, 771
38, 845

65, 347
59, 703
177, 646
40, 874

78, 236
64, 049
213, 624
40, 906

95, 352
48, 836
219, 910
32, 953

105, 849
22, 693
263, 485
33, 667

80, 171
43, 298
250, 417
35, 217

+21.9
-23.8
+2.9
-19.4

+18.9
+12.8
-12.2
-6.4

656, 655
316, 784
1, 918, 921
331, 319

674, 846
493, 675
1, 937, 557
288, 537

+2.8
+55. 8
+1.0
-12.9s

46^ 978
92, 335
520, 707
57, 140

47, 798
91, 809
523, Oil
54, 186

48, 374
109, 436
501, 380
33, 865

58, 153
119, 078
574, 046
31, 696

56, 825
90, 652
544, 528
20, 760

67, 996
96, 000
589, 690
31, 207

59, 445
79, 668
548, 217
29, 746

-2.3
-23.9
-5.1
-34.5

-4.4
+13.8
-0.7
-30.2

438, 706
670, 776
4, 327, 161
208, 677

420, 187
795, 022
4, 609, 821
280, 865

-4.2
+18. 5+6.5;
+34. 6

32, 764

28, 676

31, 723

27, 833

19, 309

23, 349

25, 396

-30.6

-24.0

275, 915

307, 651

+11. &

446, 163 448, 293
488, 035 481, 936
489, 390 491, 568
467, 317 458, 749
499, 991 445, 502
501, 976 501, 395
1, 055, 408 1, 052, 000 1, 183, 800 1, 181, 906
46, 141
41, 951
40, 029
43, 993
117
10, 381
71
10, 723
42.89
42.88
46.42
45.31

+0.5
-1.8
-10.9
-0.3
-9.1
-39.3
0.0

-7.0
-6.7
-11.1
-11.0
-4.6
-99.3
-7.6

4, 323, 335
4, 244, 769
4, 268, 345

4, 068, 570
4, 202, 414
4, 218, 259

-5.9'
-1.0
-1.2-

531, 342
126, 927

426, 233
19, 717

-19. 8
-84. &
+0.4
-0.5

+1.5

Construction and Losses
Contracts awarded (36 States):
Commercial buildings
thous. of sq. ft.
Industrial buildings
thous. of sq. ft..
Residential buildings __ thous. of sq. ft
Educational buildings
-thous. of sq. ft.
Other public and semipublic buildings
thous. of sq. ft..
Grand total
thous. of sq. ft._
Contracts awarded, value (36 States):
Commercial buildings
thous. of dolls..
Industrial buildings
thous. of dolls _.
Residential buildings
thous. of dolls
Educational buildings
thous. of dolls ._
Other public and semipublic buildings
thous. of dolls
Public works and utilities. .thous. of dolls..
Grand total .
thous. of dolls
Contracts awarded, Canada
thous. of dolls..
Fire losses:
iJnited States and Canada -thous. of dolls...

-10. a

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
Production (computed)
M f t . b . m . . 460, 346 449, 745 449, 794
Shipments (computed)
M f t . b . m . _ 479, 176 469, 108 471, 819
489, 003 435, 126 460,685
Orders (computed)
M ft. b. m
Stocks, end of mo. (computed) _M ft. b. m__ 1, 102, 498 1, 086, 086 1, 070, 179
48, 992
44, 790
46, 905
Exports, lumber
M ft. b m
271
85
156
Exports, timber
M ft. b. m
44.63
43.17
45.76
Price
flooring
dolls per M! ft b m
Douglas fir:
Production
M ft. b. m_. 545, 682 560, 455 491, 965
Shipments (computed)
M ft. b. m_. 583, 732 577, 913 508, 975
562, 693 573, 884 532, 253
New orders
M ft b. m
65, 340
44, 531
70, 815
Exports, lumber
M ft b m
65, 518
53,437
36, 065
Exports, timber
M ft. b. m
16.50
3 16. 97
16.50
Price No 1 common dolls per ~M. ft b m
California redwood:
40, 404
30, 762
Production (computed)
_M ft. b. m_. 50, 023
40,448
37, 702
Shipments (computed).
M ft. b. m_. 47, 687
42, 530
34, 135
46,352
Orders received (computed) ...M ft. b. m_.
California white pine:
Production
M ft. b. m._ 161, 382 169, 420 154, 409
Shipments
M ft. b. m.. 117, 601 133,923 123, 414
605, 169
521, 237
606, 335
Stocks end of month
IVE ft b m
Western pine:
Production (computed).
M ft. b. m_. 179, 111 180, 746 175, 363
Shipments (computed) -..
M ft. b. m_. 144, 653 154, 785 172, 648
Stocks, end of mo. (computed).. M ft. b. m__ 1, 145, 787 1, 170, 478 1, 180, 321
North Carolina pine:
45, 136
58, 898
46, 347
Production (computed)
M! ft b m
43, 631
49, 490
63, 350
Shipments (computed)
M ft b m
Northern pine:
Lumber —
51, 571
43,493
51, 549
Production
M ft b m
51, 972
47, 351
56, 490
Shipments
M ft. b. m
50,
690
46,
783
Orders received
M ft. b. m_. 46, 170
Lath—
15,
728
15,
944
9,950
Production
M ft. b. m _ _
11, 444
18, 348
13, 422
Shipments
M ft. b. m__
Northern hemlock:
17, 712
16, 229
19, 905
Production
M ft. b. m
21, 738
21, 892
25, 107
Shipments
M ft. b. m__
3 Revised.




515, 690
526, 434
481, 221
53, 822
58, 747
3 16. 55

525,091
512, 556
528, 224
67, 380
50, 983
16.49

559, 559
553, 740
589, 104
34, 298
22, 298
17.50

568, 960
575, 227
564, 484
49, 225
27, 078
16.50

+1.8
-2.6
+9.8
+25.2
-13.2
-0.4

-7.7
-10.9
-6.4
+36.9
+88.3
-0.1

4, 816, 687
5, 000, 671
4, 993, 955
429, 922
237, 543

4, 834, 595
4, 976, 944
5, Oil, 414
558, 387
420, 572

+29.9
+77.1

47,448
49, 418
45, 978

35, 749
33,639
33, 516

47, 182
47, 941
46, 571

39, 451
38, 620
32, 391

-24.7
-31.9
-27.1

-9.4
-12.9
+3.5

391, 726
352, 337
339, 157

386, 388
359, 078
380, 294

-1.4
+1.9^
+12.1

173, 701
125, 582
619, 829

167, 244
129, 970
641, 152

4 870, 714 4 1,002, 982
4 790, 963 4 945, 597

+15. 2'
+19. 6-

1, 374, 484
1, 281, 051

1,361,096
1, 371, 962

-1.0
+7.1

4 421, 281
4 412, 188

4 392, 609
* 392, 560

-6.8
-4.8

171, 163
127, 671
659, 098

179, 044
3 175, 005
157, 468
173, 285
3 186, 740
160, 097
170, 789
151, 440
3 1,165,752 1, 164, 456 1, 006, 021 1, 037, 717
48, 888
47, 035

61, 033
53, 018

63, 504
55, 979

-10.0
-8.5
-0.1

-9.1
+12.8
+12.2

+o.a

45, 528
49, 890
50, 389

40, 859
48, 323
46, 204

63, 407
53, 065
53, 152

45, 825
50, 465
42, 994

-10.3
-3.1
-8.3

-10.8
-4.2
+7.5

469,814
406, 938
370, 851

382, 606
423, 994
401, 637

-18. &
+4.2.
+8.3

13, 127
16, 942

10, 029
9,846

15, 356
11, 144

12, 144
11, 194

-23.6
-41.9

-17:4
12.0

122, 663
93, 100

101, 173
110, 009

-17.5,
+18.2

4148,461
1 4 141, 755

4 142, 380
4 156, 316

+10. a

21, 582
33, 923
29, 207
23, 027
19, 265
20, 890
4
Eight months''cumulative, ending Aug. 31.

4.1

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1926

Sep-

May

July

June

August

September

August

September

LUMBER PRODUCTS— Continued
Hardwood Lumber
Northern hardwoods:
15, 399
41,499
20, 811
17, 169
15, 875
27,470
Production
M ft b m
29, 508
25, 863
29, 674
35, 640
26, 867
26, 468
Shipments
M ft. b. m
Walnut lumber:
3,491
3,363
2,787
3,043
2,610
2,640
2,134
Production
.
M ft. b. m
3,287
2,778
3,074
3,022
3,237
3,057
2,806
Shipments
M ft. b. m
20, 688
16, 974
16, 992
20, 898
15, 463
15, 096
13, 930
Stocks, end of month
M ft. b. m
Walnut logs:
2,897
3,380
3,417
2,361
2,637
2,399
1,991
Purchased
M ft. log measure
Made into lumber and
2,879
2,630
2,637
2, 803
2,439
2,168
2,619
veneer
M ft . log measure
4,770
2,151
3,093
2,237
4,599
2,961
3,193
Stocks, end of month. _.M ft. log measure. _
All hardwoods:
78, 000
72, 000
95, 000
94, 000
94, 000
Production (computed)
__M ft. b. m__ 85, 000
83, 000
87, 000
97, 000
86, 000
91, 000
Shipments (computed)
M ft. b. m_. 82, 000
96, 000
87, 000
91, 000
92, 000
93, 000
92, 000
Orders (computed)
M! ft. b. m
Total stocks807, 583
824, 661
761, 818
781, 610
820, 714
819, 196
893, 104
Total hardwoods
M ft. b. m
222, 577
229, 017
231, 784
235, 525
232, 729
223, 865
222, 502
Gum
M ft. b. m
258, 404
228, 742
273, 426
242, 544
259, 965
269, 228
301, 830
Oak
M ft b. m
Unsold stocks —
608, 554
635, 618
Total hardwoods
M ft. b. m.. 636, 253 640, 937 641, 713 642, 551 685, 439
175, 453
184, 064
171, 838
175, 186
166, 894
165, Oil
Gum
M ft. b. m
163, 108
178, 850
198, 839
199, 732
194, 514
215, 312
210, 390
Oak
M ft. b. m
230, 750
Unfilled orders202, 383
176, 217
210, 850
207, 768
171, 277
206, 584
Total hardwoods __
M ft. b. m
233, 189
69, 200
60, 712
73, 617
70, 279
58, 245
73, 191
69, 882
Gum
M ft. b. m
63, 942
56, 688
67, 212
56, 862
68, 836
67, 198
76, 661
Oak.
M f t . b. m__
Total Lumber
Production 10 species
M ft b m 2, 677, 098 2, 582, 349 2,443,684 32,413,655 2,400,000 2, 800, 999 2, 738, 842
138, 044
173, 466
178, 197
156, 875
132, 089
142,895
Exports planks joists, etc
M ft. b. m
163, 301
Retail yards, Minneapolis district:
20,268
16,462
22, 245 3 3 20, 799
22, 543
20, 611
Sales
. . M ft. b. m . 19,021
111, 953
115,794
Stocks, end of month..
_M ft. b. m_. 114,779 112,412 109, 909 109, 822 102, 144
Composite lumber prices:
41.70
41.61
40.58
40.16
39.95
40.96
Hardwoods
*dolls. per M ft. b. m__
39.95
31.46
29.93
30.22
30.21
30.35
Softwoods
dolls, per M ft. b. m_.
29.90
30.15
Flooring
Maple flooring:
. Production
M ft. 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._
Pt.orVjts, find of month

^_ TVT ft, b, ni „

Orders booked
M ft. b. m..
Unfilled orders, end of month. M ft. b. m__
Wooden Furniture
Household furniture and case goods:
Shipments
dolls., average per flrm__
Unfilled orders
dolls., average per firm..
Grand Rapids district:
Shipments
No. of days' production-New orders.
-No. of days' production
Unfilled orders, end of
month..
No. of days' production-Outstanding accounts, end of
month
No. of days' sales..
Cancellations
per cent of new orders
Plant operation
per cent of full time-Piano benches and stools:
New orders
dollars
Unfilled orders, end of month
dollars..
Shipments —
Value
dollars-Quantity
pieces..

BER 30

Sep-

ember, tember,
1926,
1926,
from
from
SepAugust, ;ember,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEM-

1925

1926

1925

* 313, 999
* 212, 402

4
4

Per
cent
increase(+)
or decrease
(-)
cumu
lative
1926
from
1925

304, 112
238, 984

-3.1
+12. 5.

+1.1
-7.1
-7.7

-21.5
-14.6
-32.7

34, 507
30, 614

25, 464
29, 142

-26. 2,
-4.8>

-15.7

-31.3

29, 105

23, 561

-19. 0^

+7.4
-27.7

-9.0
-53.1

28, 116

22, 418

-20. 3.

+8.3
-0.6
+10.4

+17.2
0.0

+6.7
-1.2
+7.2

+12.6
-5.1

+12.2
-0.6
+19.9

+32.3

-12.4 23, 710, 609 20,157,250
-0.6
+4.1 +18.3
1,419,640 1, 489, 104

-15. 0
+4.9-

+32.0
+29.0

+15.1

+35.2

-18.8
-7.0

-20.9
-8.8

+2.5
-0.1

+0.9
-1.5

+29.5
+23.3
+36.8

156, 764

140,296

-10.5

76, 143
77,392

84,316
87, 016

+10.7,
+12,4.

-0.5
-3.7

77,312

80, 082

+3.6.

+2.8
+3.6

384, 348
383, 122

410,479
395, 215

+6.8.
+3.2>

8,283
8,074
31, 689
7,443
8,920

8,624
9,334
30, 290
9,949
9,317

8,329
10,414
28, 557
8,963
8,755

11,316
13, 911
31, 546
11,155
9.987

12, 034
13, 194
31,131
9,720
9,606

8,325
10, 567
24, 115
11, 534
11,136

9,292
10,704
22, 750
9,766
9,980

+6.3
-5.2
-1.3
-12.9
+15.9

41, 998
42, 139
60, 282
41, 415
41, 513

44, 056
46, 035
59, 737
45, 302
41, 744

44, 789
46, 259
56, 450
47,545
39, 260

46, 396
47, 756
54,325
49, 756
43, 329

47, 201
47,270
53, 469
41, 777
39, 237

46, 282
48, 948
41, 082
54,372
59,844

45,922
45, 630
38,372
39, 968
52, 729

+1.7
-1.0
-1.6
—16.0
-9.4

+39.3

+4.5
-25.6

380, 234

376, 142

-1.1,

42, 941
50, 130

41, 695
48, 025

40,331
68,891

54,218
74, 240

63,266
78, 590

53,940
63, 030

62, 301
69, 157

+16.7
+5.9

+1.5
+13.6

386, 851

453, 669

+17.3.

22
29

22
28

26
42

29
27

31
34

25
30

29
34

+25.9

+6.9

+6.9
0.0

-4.4

-4.4

57

60

72

68

65

64

68

47
25.0
100

47
11.0
100

46
5.0
97

55
7.0
100

60
7.5
100

60
7.0
96

64
5.5
94

9,256
2,592

8,332
1,897

8,231
2,511

10, 101
3,408

15, 524
6,651

10, 793
4,047

16,489
6,637

+53.7
+95.2

-5.9
+0.2

99, 920

101, 717

+1.8,

9,443
11, 690

9,878
11, 153

7,604
9,979

9,017
11, 875

12, 061
16, 600

10, 052
11,863

13, 892
17, 789

+33.8 -13.2
+39.8 -6.7

96, 294
118, 428

89,455
109,003

-7.1
-8.0,

+9.1 -6.2
+7.1 +36.4
+6.4
0.0

Plywood and Veneer
Plywood:
2,609
3,824
Bookings
thous. of sq. ft. of surface..
3, 605
4,571
4,121
3,696
-9.8
+7.8
Shipments
thous. of sq. ft. of surface. .
3,678
3,936
3,456
4,974 +12.6 -21.7
3,406
3,893
Unfilled orders, end of
month
.thous. of sq. ft. of surface. .
3,824
4,708
3,443
4,437
4,672
6,628
-0.8 -29.5
Rotary-cut veneer:
344
Purchases
number of carloads
138
227
248
220
—11 3
182
172
Receipts
number of carloads-172
251
208
+45 9
Barrel Headings
Circled headings for wooden barrels:
Production (rough)
sets- 395, 583 790, 622 997, 792 1, 213, 395 1, 403, 392
+15.7
•
Shipments (finished)
sets.. 581, 809 813, 932 814, 754 916, 242 895, 528
—2.3
Sales (finished)
sets- 675, 166 699, 165 847, 249 653, 905 1, 293, 273
+97.8
Unfilled orders, end of month
sets 1, 446, 864 1,853,831 1, 832, 283 1, 711, 747 2, 184, 084
+27 6
Stocks on hand, end of month
sets.. 2, 074, 040 2, 676, 208 2, 578, 671 3, 070, 079 3, 545, 455
+15.5
4
* Revised.
Eight months' cumulative, ending Aug. 31.



38

TREND OF BUSINESS MOVEMENTS—Continued

The^ cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
*of the August, 1926, " Survey "

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1936

SepSeptember, tember,
1926,
Septem- 1926,
from
from
ber
SepAugust, tember,
1926
1925

August

September

August

792
722
2,132
979

812
733
1,477
892

723
681
1,522
929

338, 857
104, 066
171,830
252, 511
12
14.75

30,072
29,773
104, 286
31, 925
2,362
63,702

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1925

1926

Per
cent
increase

(

-y

or decrease
(-)
cumulative
1926
from
1925

STONE, CLAY, AND GLASS
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 month—
Burned.
thousands
Unburned
thousands
Shipments
thousands..
Unfilled orders, end of month.. thousands..
Plants closed down
number
Price, red, New York
dolls, par thous_.
Paving brick:
Production, actual
thousands
Shipments
thousands _
Stocks, end of month
thousands...
Orders received
thousands
Cancellations
thousands
Unfilled orders, end~of month. .thousandsOperations, relation to capacity
. — per cent
Vitreous china plumbing fixtures:
Orders received
pieces..
Shipments
piecesUnfilled orders, end of month
.piecesStocks, 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 tonsValue
thous. of dolls—

780
896
2,082
1,257

836
895
2,028
1,130

859
823
2,040
1,147

855
780
2,011
985

250,849
77, 178
192,065
265,435
17.00

193,246
46, 310
149, 170
220,078
2
17.00

218,348
58,652
140, 623
234,164
5
17.00

249, 271
59, 103
135,090
211, 141
4
17.00

16.00

265,897
89,606
159, 309
301, 913
7
15.37

21, 103
22,643
123,808
30, 296
302
71,430

26,342
30, 312
115,971
35, 451
3,396
75,283

27,611
37,443
101, 243
41, 761
392
78, 947

30, 481
34,803
92, 479
34,266
1,261
77, 149

25, 385
31, 330
82,220
24,663
128
70, 350

34,098
35, 638
116, 123
33,209
1,132
77,662

6,582
6,266

+0.1
-1.4

1,133, 418

-11.2

259,668
198, 211

215, 559
204,153

224, 712

231, 038

-17.0
+3.0
+2.8

< 33, 074
* 32, 999
< 11, 789

*4 42, 906
40, 061
4
14, 939

+29.7

-37.9
-42.2

127, 077
15, 141

123, 410
15, 305

-2.9
+1.1

-2.2 +4.0
-2.4 +2.1
-9.6 +38.6

120, 841
124, 311

122, 276
125, 467

+1.2
+0.9

-7.4

+9.5
+6.0
+40.1
+5.4

-7.4
+6.0
-0.6

i

41,276,005
-5.9

4

+8.5

-16.7 -15.6
—10.0 +5.2
—11.1 -21.2
-28.0 -22.7
-89.8 —94.6
-8.8 +10.4

49

63

71

78

66

81

78

-15.4

-15.4

249, 867
266, 998
473,094
585, 153

345,486
317, 832
500, 748
542, 292

278, 771
280,956
491, 629
525, 044

381, 277
276, 215
580,306
515, 565

242, 589
295,886
527, 009
488,023

213, 369
283,435
449,808
325,420

195, 972
248,511
397,269
342,495

-36.4
+7.1
-9.2
-5.3

+23.8
+19.1
+32.7
+42.5

5,374
4,964
1,847
8,518

5,646
5,406
2,015
8,276

4,809
4,867
1,788
6,624

5,092
5,178
1,892
6,676

12, 338
1,609

thous. of bbls
.thous. of bbls
thous. of bbls
dolls, per bbl
dolls, per bbl

8
8
8
8

6,575
6,354

5, 716
5, 885
2, 196
8, 473

5,618
5,401
2,048
8,725

10,581
1,378

17, 613
2,165

12,734
1,491

11,519 1
1,247

15, 451
2,002

18,550
2,156

16, 472
17, 951
21, 173

16, 827
19, 113
18,900

17,096
18,786
17,210

16,936
18, 536
15, 718

16,571
18,087
14,202

16, 419
18, 383
11, 952

15,939
17, 711
10, 247

1.65
1.75

1.65
1.75

1.65
1.75

1.65
1.75

1.65
1.65

1.75
1.75

1.75
1.75

0.0
-5.7

-5.7
-5.7

14,008
8,911

10, 750
6,948

10, 856
5,663

13,249
6,594

8,378
3,736

9,594
6,368

9,730
4,087

—36.8
-43.3

-13.9
-8.6

89, 301
56,018

87,383
50, 261

-2.1
-10.3

23, 311
968
10, 843

22, 709
1,341
10,961

13, 520
605
11,100

19, 275
890
11,147

15, 222
668
11,309

19,584
956
11,839

22, 395
1,177
12,186

-21.0
-24.9
+1.5

-32.0
-43.2
-7.2

156,282
7,532
111, 143

136, 500
6,068
98,542

-12.7
-19.4
-11.3

11, 029

12, 525

10,748

11, 274

11, 431

10, 328

10, 297

+1.4

2,130
76.5
1,754
2,381
5,543
8,918

1,988
70.0
1,862
2,288
5,276
8,116

2,016
71.0
1,935
2,117
5,138
7,232

2,038
71.7
1,642
2,022
5,145
7,640

2,009
72.2
2,237
2,088
5,054
7,672

1,940
73.8
2,373
2,078
4,295
7,090

-1.4
+0.7
+36.2
+3.3
-1.8
+0.4

3,123
42.8
45.9
41.3

3,171
41.7
47.9
45.6

1,494
25.0
36.3
34.5

2,050
29.8
42.8
36.9

2,637
34.7
41.8
38.7

3, 707
50.1
45.9
47.8

1.3
6.0

2.5
4.7

1.8
3.8

1.9
3.5

2.3
6.3

2.3
6.5

1,127
.73

453
.75

1,154
.75

-9.5
-16.4

+21.4

+26.7

Portland Cement
Production
Shipments
Stocks end of month
Wholesale price:
Chicago district
Lehigh Valley

3

Highways
Concrete paving contracts awarded:
Total .
. thous. of sq. yds. _
Roads
_.
thous. of sq. yds..
Federal aid highways:
Completed —
Cost
. thous. of dolls .
Distance
miles
Under construction
.miles. .
Plate Glass
Production, polished

thous. of sq. ft..

+11.0

87, 114

100,623 +15.5

Glass Containers
Actual production:
Quantity
.gross
Relation to capacity . _ . . per cent .
Orders and contracts
gross
Shipments
- - gross
Stocks, end of month
gross..
Unfilled orders, end of month
gross. _

+8.7
-2.2
-5.7
+0.5
+17.7
+8.2

Illuminating Glassware
Production:
Total
number of turns
Ratio to capacity
per ct. of capacity-New orders
per ct. of capacity
Shipments
per ct. of capacity
Unfilled orders, end
of month
TUVmbP-r of wfifiks' supply
Stocks, end mo
number of weeks' supply..

* 25, 885

< 22, 901

-11.5

7,735

+25.5

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
Exports
thous. of Ibs
Price wholesale. 66°. N.Y. dolls Der 100 lbs._
s
Revised.




384
598
441
478
-35.8 -19.7
.75
.75
0.0
.70
.70
+7.1
* Eight months' cumulative, ending Aug. 31.

6,165

39

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, " Survey "

May

June

July

58,082
11,696

12, 225
6,913

23,367
25,287

PEE CENT INCREASE (+) OK
DECREASE (— )

1925

1926

August

September

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

SepSeptember, tember,
1926,
Septem1926,
from
from
ber
SepAugust, tember,
1926
1925

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1925

1926

949, 311
197,013

842, 375
211, 553

-11.2
+7.4

* 2,328, 693 4* 2,196, 634
* 2,758, 266 2,789, 986

+6.1
+1.1

CHEMICALS AND' OILS— Continued
Chemicals—Continued
Nitrate of soda, imports . .
long tons
Potash, imports
_
long tons
Acid phosphate:
Production
short tons
Consumption
short tons
Stocks, end of month
short tons
Fertilizer:
Consumption in Southern
States
_
short tons
Exports
_
_. long tons.
Dyes and dyestuffs, exports:
Vegetable
thous. of Ibs..
Coal-tar
_
thous oflbs
Price index numbers:
Crude drugs
index number
Essential oils
index number
Drugs and pharmaceuticals.index number..
Chemicals
index number —
Oils and fats
index number

•
55,325
27, 522

37,096
23,355

257, 131
232,394
203, 127
227, 269
68, 792
92, 092
85, 115
175,740
1,018,246
1,049,327
840,543
1, 147, 998

92,082
21,041

56,764
29,451

-32.9
-15.1

-34.6
-20.7

212, 687
301,347
86, 727
335, 804
1,476,664
881, 339
133, 247 +242. 8
110, 558 -14.1

+17.0
-11.6

4, 791, 799
768, 134

4, 771, 160
878, 158

-0.4
+14.3

236
2,512

-75.6
-23.1

-42,4
-25.0

2,925
19, 239

2,049
18, 816

-29.9
-2.2

190
171
158
112
158

196
179
158
113
156

+1.5
-4.9
0.0
+0.9
-1.9

+6.6
-13.4
-1.9
+0.9
-1.3

12,422
11, 722
22, 988
1,231
2.75

12, 117
13, 707
20, 882
1,340
2.75

99, 136
93, 833

4
98,342
4

94, 041

-0.8
+0.2

14, 072

14, 987

+6.5

154,515
116,228

55, 572
90, 998

22, 978
88,622

45,479
113, 785

155,921
97,701

60,272
94, 089

135
2,326

269
1,661

217
2,743

558
2,449

136
1,883

431
2,205

203
175
156
112
154

206
168
155
114
170

206
167
155
114
165

206
163
155
113
157

209
155
155
114
154

1,393
3.25

Wood Chemicals
Acetate of lime:
10,937
13,040
Production
thous. of lbs_.
10, 606
12, 910 3 11, 697
13,853
Shipments o r u s e _ _ _
thous. of lbs_.
25, 282 3 23, 368
Stocks, end of month
thous. of Ibs.
20, 171
2,235
1,909
1,893
Exports
thous. oflbs..
3.25
3.25
3.25
Price, wholesale
dolls, per cwt..
Methanol, crude:
540, 076
643, 476
Production ...
gallons
497, 971
Shipments or use
_._
gallons-- 3 594, 813 3753,481 3 750, 816
Stocks, producers', end of month.. gallons. _ 1,412,842 31,238,550 3 987, 783
677, 144
665, 854
Purchased by refiners
gallons.. 604, 598
963, 093
Consumed by refiners
gallons. _ 802, 337
880, 196
600, 780
279, 202
Stocks at refineries, end of month.. gallons.. 876,428
Exports
gallons-37, 811
36, 001
19, 317
.55
.55
Price, wholesale, N. Y
dolls, per gal—
.55
Consumed
gallons
Stocks, end of month
gallons..
Methanol refined:
United StatesProduced
gallonsStocks, end of month, at
refineries
_.
gallons
Canada—
Produced
_
gallons..
Stocks, end of month
gallons—
Wood at chemical plants:
Consumption (carbonized)
cords..
Stocks, end of month
.
cords
Daily capacity, wood-chemical plants:
Total in industry
cordsReporting
cords—
Shut down
cords

13, 379
20, 664

337
33,827

477, 559

652, 692

567,444

512, 606

27, 460
81, 259

12, 670
76, 108

71, 220
462, 706

11, 520
13,432
18, 342
2,902
3.25

4
4

-52.0
0.0

+4.0
+18.2

4
555, 023
3 600, 168
< 5,066, 611 4 4,959, 535
577, 430
4
3
734, 432
4,941, 934 5,481, 397
673, 081
669, 718
722, 698
1,829,218 1, 727, 270
~5,~369,~9l7~
611, 402 ~~675~671~ 435, 423
454, 391 ~+I6.~5~ "+48." 9~
714, 658
6, 994, 061
820, 504
622, 570
619, 782 +14.8 +32.4
351,409
164, 363 1,468,549 1, 365, 088 -53.2 -88.0
304,892
353, 715
43, 350
38, 779
9,881
15, 320 -10.5 +153. 1
.55
.58
.58

27, 685
31, 853

None.
42, 077

22, 188
19, 889

685, 201

560,806

663, 251

526,383

509, 795

+18.3

585,301

385, 765

344, 629

577, 292

527, 176

-10.7

None.
58,465

None.
42,994

26,700
44, 303

None.
32,007

21, 185
40, 129

61, 115
436, 812

59, 021
451, 006

63,343
449, 203

65, 811
644, 882

63, 873
620, 869

3 4, 575
34,270
3573

3 4, 535
3 4, 230
3657

34,535
3 4, 230
31,230

4,535
4,230
830

3 4 659
34,388
921

4,639
4,308
969

13,468
12, 563
8,327

17, 391
18, 847
5,734

17, 225
14,267
7,335

16, 977
14, 390
8,914

18,550
16, 823
7,831

19, 859
18, 021
8,913

4

34, 335
35,378
33, 506
16,809

37,492
37, 875
35, 568
16,458

34, 663
34, 973
34, 909
16,070

38,023
37, 174
37,021
16, 894

37,436
37, 429
36, 402
16, 585

35, 844
35,454
33, 020
17,335

4
4
4

28,945

42, 503

43, 122

40, 633

34,918

36, 945

34, 013

26, 719
35,709
5,984

36, 532
40, 751
6,546

44,762
49, 798
9,126

58,929
64,171
11, 471

57, 601
62, 201
12, 180

58, 437
68, 173
10,635

48, 149
54, 636
15,992

+24.8
-5.3 +60.2

+3.0

+16.1

200,715

None.
33, 651

28, 537
23, 827

-2.1
+10.9

5, 204, 078

+30.1
-34.6

192, 580

+26.0
+10.4
4

537, 724

4

542, 661

+0.9

111, 999
97, 822

4
4

120, 085
106, 985

+7.2
+9.4

274, 798
275, 711
264, 850

4
4
4

277, 632
278, 598
267, 850

+1.0
+1.0
+1.1

227, 347

216, 103

-4.9

812, 518

752, 243

-7.4

Ethyl Alcohol
Production
-thous. of gals..
Withdrawn for denaturation
thous of gals
Warehouse stocks, end of month-thous. of gals..

4

Explosives
(Black powder, permissibles, and other high
explosives)
Production.
Shipments .
_
Sales
Stocks, end of month

_

thous. of lbs_.
thous oflbs
thous. of Ibs..
thous. of lbs_.

Naval Stores

Turpentine:
Net receipts, southern ports
barrels..
Stocks, end of month—
At three ports
barrels..
At five ports
_
_ barrels
At stills
barrels..
Price, southern, in barrels,
New York
dolls, per gal—
Eosin:
Net receipts, southern ports
barrels..
Stocks, end of month—
At three ports.
barrels
At five ports
barrels..
At stills...
._
barrelsPrice, common to good (B),
New York
dolls, per bbl__
« Revised




-14.1

+2.7

-2.3 +19.6
-3.1 +13.9
+6.2 -23.8

.86

.87

.88

.95

.92

1.01

1.12

-3.2

85, 965

137, 584

143, 415

138, 124

118,868

122,022

115, 023

-13.9

+3.3

85, 026
146, 930
48, S70

112, 514
124, 114
51, 585

132, 649
144, 325
61,997

131, 636
143, 500
61, 892

148, 177
158, 039
69, 387

202, 247
225, 690
115, 376

181,940
197, 015
119, 679

+12.6
+10.1
+12.1

-18.6
-19.8
-42.0

8.43

11.19

13.35

-17.9

14.61
14.43
10.89
14.19
-1.2
+1.7
4
E ight montlis* cumula tive, endin g Aug. 3] .

40

TREND OF BUSINESS MOVEMENTS—Continued
j

1

1926
The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

July

June

PER CENT INCREASE (+) OR
DECREASE (— )

1935

August

September

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

September

September,
1926,
from
August,
1926

Sepember,
1926,
from
Sep;ember,
1925

1935

1936

!

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

CHEMICALS AND OILS— Continued
Roofing
Roofing felt:
Production, dry felt
Stocks, end of month, dry felt

tons..
tons..

24, 520
4,269

26, 218
3,054

25, 003
4,051

•
23, 547
3,636

26, 938
3,286

22, 794
3,951

23, 272
3,231

+14.4
-11.0

+15.8
+0.2

184, 202

208, 852

+13.4

1,887
41, 365

868
58, 054

904
74,001

541
55, 971

801
55. 095

3,486
47, 316

3,923
32, 057

+48.1
-1.6

-79.6
+71.9

41, 288
482, 624

28, 834
504, 714

-30.2
+4.6

6,013
2,342
3,671

6,226
2, 351
2,875

6, 073
2,462
3,612

6,222
2,388
3, 833

17, 719

17, 922

16, 445

15, 635

17, 191

19, 328

1,700
6,713
16, 646

1,581
6,736
17, 901

1,373
6,138
14, 704

1,405
6,190
17, 294

20, 172

1,652
6,462
17,058

1,893
7,804
20, 057

Fats and Oils
Total vegetable oils:
Exports
thous. of Ibs
Imports
.thous. of lbs._
Animal glues, sales:
Total glue
thous. of Ibs
Bone glue
thous. of Ibs
Hide glue
thous. of lbs_.
Oleomargarine:
Production
thous. of Ibs. _
Ingredients consumed in production—
Cottonseed oil
-thous. of lbs._
Coconut oil
thous. of lbs._
Consumption
thous. of Ibs..

4

153, 233

+7.0

4

14, 803
< 52, 281
158, 366

* 15, 396
4 59, 572
171,412

+4.0
+13.9
+8.2

790, 017

900, 581

+14.0

12, 916
5,030

6,903
3,298

+2.3

118, 154

103, 539

-12.4

-12.5

189, 685

123, 992

-34.6

* 143, 183

+16.6

+0.6

Cottonseed
Cottonseed stocks, end of month
tons..
Cottonseed oil:
Stocks, end of month
thous. of Ibs..
Production
-thous. of Ibs..
Price, yellow, prime,
New York
dolls, per lb_.

53,495

39,240

23, 576

70, 667

577, 981

188, 592 3779,430 +717. 9

-25.8

29,471
46, 688

15,406
21, 682

8,406
13, 856

10, 045
19, 641

58,158
136,470

17, 330 3 53, 814 +479. 0
33, 781 3141,974 +594.8

+8.1
-3.9

.12

.15

.15

.13

.11

.11

642
187
1,221

666
130
1,305

478
362
976

1,029
370
579

2,189
907
846

1,412
602
291

10, 182

11, 870

10,282

11,904

14, 153

10, 881

13,840

24,490

24, 916

.11

-15.4

0.0

Flaxseed
Minneapolis and Duluth:
Receipts
- thous. of bushs..
Shipments
_. thous. of bushs..
Stocks end of month
tbous of bushs
Linseed oil: Shipments from
Minneapolis
thous. of lbs_.
Linseed-oil cake: Shipments from
Minneapolis.thous. of lbs_.

5,593 +112. 7 -60.9
1,965 +145. 1 -53.8
2,453 +46.1 -65.5
+18.9

+72.6

-46.6
-34.4

6,079

9,210

12, 632

21, 799

567, 762
199, 595

626, 482
212, 719

626, 000
212, 109

626, 000
213, 336

13, 273
53, 173
21, 058
15, 748

31, 959
30, 474
76,960
29,013

66, 739
19, 437
71, 593
34,458

81, 780
44, 754
48, 731
24,625

38, 167
7,586
43, 342
27, 652

54,543 +22.5 +49.9
58, 366 +130. 3 -23.3
57, 862 -31.9 -15.8
-12.5
28, 151 -28.5

254, 851
185, 907

§66,945
167, 436

+18.1
-9.9

8,074
11, 076

16,083
19, 652

28,995
35, 485

23, 700
30, 719

9,901
U, 832

9,391
12, 092

-18.3
-13.4

+152. 4
+154. 0

79, 656
109,904

96, 637
132, 605

+21,3
+20.7

27, 792

16, 306

9,541

10, 575

15, 336

15, 876

+10.8

-33.4

88,601

130, 630

+47.4

1.53
1.48

1.53
1.44

1.42
1.37

1.39
1.36

1.64
1.68

1.56
1.67

-2.1
-0.7

-10.9
-18.6

34, 657
6,661

37, 251
7,386

43, 942
5,523

47, 601
4,694

42,818
4,663

45, 952
7,143

311, 643
50, 688

+4.5
+4.2

7,418

8,005

9,570

10, 436

9,292

9,938

4

65, 048

4

67, 415

+3.6

4
4

77, 882
10, 790
4
5, 161, 590

4
4

79, 607
11, 296
4
5, 554, 818

+2.2
+4.7
+7.6

8,075

FOODSTUFFS
Wheat
Production, monthly estimate:
Winter
thous. of bushs
543,300
Spring
thous. of bushs .
Visible supply, end of month:
20, 125
United States
thous. of bushs
Canada
thous. of bushs . 66, 521
Receipts, principal markets. . .thous. of bushs,.. 15,663
Shipments, principal markets.thous. of bushs_. 19, 605
Exports:
United States9,368
Wheat only
-thous. of bushs ..
12, 423
Including wheat flour.thous. of bushs..
Canada —
Wheat only
thous. of bushs. . 18, 979
Prices:
No 1, northern, Chicago. ..dolls, per bush..
1.64
' 1.66
No 2 red winter Chicago dolls per bush

2 398, 486
2270,879

Wheat Flour
Grindings of wheat:
United States (census)
Canada
Production:
United States, actual
(census)
United States, prorated
(Russell)
Canada
Production grain offal
Capacity operated flour mills
Consumption, wholesale,
(computed)
Stocks, all positions, end of

thous. of bushs..
thous. of bushs
thous. of bushs

298, 213
48, 662

4

thous. of bbls
thous of bbls
thous. of Ibs
per cent

8,633
1,491
626, 138
44

9,631
1,646
668, 392
48

11, 189
1,228
768, 231
57

12, 338
1,044
819, 823
62

11, 049
1,029
754,446
56

12, 501
1,601
833, 270
62

thous of bbls

8,055

8,864

9,237

10, 257

10,485

10, 701

6,400

6,500

7,660

8,300

7, 400

8,400

679
726

667
1,029

793
978

1,442
459

1,560

874
685

800
661

+8.2

+95.0

8.49

8.68

8.98

7.95

7.73

8.83

8.31

-2.8

-7.0

7.40

6.81
7.34
3 Revised .

6.68

-0.9 -10.1
7.43
7.57
4
Eig tit months' cumulaltive, end ng Aug. 31.

Exports:
United States .
..thous. of bbls..
Canada
thous of bbls
Wholesale prices:
Standard patents, Minneapolis
dolls, per bbl
Winter straights, Kansas
City
dolls, per bbl
2 Final estimate for 1925.




4

6.74

!

4

69, 765

4

8,228
6, 382

4

4

4

71, 852

+3.0

7,993
6, 735

-2.9
+5.5

4

41

TREND OF BUSINESS MOVEMENTS—Continued
1926
The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

August

September

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

SepSeptember, ember,
1926,
Septem- 1926,
from
from
ber
SepAugust, tember,
1926
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

FOODSTUFFS-Continued
Corn
Production, monthly estimate.thous. of bushs._ 2, 661, 000 2, 660, 780 2, 576, 936 2, 697, 872 2, 679, 988
1,052
1,831
1,358
1,158
1,865
Exports, including meal..
thous. of bushs..
22,455
18, 999
32, 279
26, 821
Visible supply, end month
thous. of bushs.. 27, 469
11,482
13,524
13, 748
24,306
Receipts, principal markets.. -thous. of bushs.. 11, 731
7,267
10,724
8,288
11, 124
Shipments, prin. markets
thous. of bushs.. 12,497
6,735
6,222
6,311
5,490
6,314
Grindings (starch, glucose) thous. of bushs._
Prices, contract grades, No. 2,
.81
.72
.72
.80
.80
Chicago
dolls per bush

849
7,135
17, 774
9,373
5,567

22,900,581
1,240
5,912
12,583
8,318
5,902

1.05

.92

-9.2 -15.2
-15.4 +221. 4
+7.5
+17.8
-12.3 —12.6
+6.9
-6.3
-1.2

7,538

19, 485 +158. 5

+0.8
—16.0
+15.5

163, 126
106, 617
50,241

164, 398
89, 567
58, 014

185, 555

126, 340

-31.9

27, 650

16, 115

-41.7

-13.0

Oats
Production monthly estimate thous of bushs
Receipts, principal
markets
.thous. of bushs..
Visible supply, end month
thous. of bushs. _
Exports, including meal
thous. of bushs
Prices, contract grades,
Chicago.-.
dolls, per bush..
Grindings Canada
thous of bushs
Production, oatmeal and rolled
oats, Canada
thous of Ibs
Other Grains
Barley:
Production, monthly est thous of bushs
Receipts, principal
markets
thous. of bushs
Visible supply, end mo___ thous. of bushs..
Exports
thous. of bushs..
Price fair to good, malting,
Chicago
dolls per bushs
Rye:
Production, monthly est. .thous. of bushs..
Receipts, principal
markets
thous. of bushs _
Visible supply, end mo thous. of bushs..
Exports, including flour.. .thous. of bushs..
Price, No. 2, Chicago
dolls, per bush..

1, 334, 260 1, 311, 159 1, 263, 619 1, 282, 414

21,501,909

12, 378
39, 995
3,255

13,400
38, 768
2,429

9,241
34, 489
1,468

23,078
42, 529
1,028

16, 783
50,194
1, 762

48,399
54, 715
7,073

29, 243
69, 960
6,279

.42
589

.41
652

.42
800

.40
841

.43

.42
727

.40
1,062

6,990

9,137

11, 224

11, 309

9,347

15, 043

-27.3 -42.6
+18.0 -28.3
+71.4 -71.9

+7.5

+7.5
5,554

6,440

+16.0

66, 394

85, 280

+28.4

50, 599

30,839

-39.1

22, 083

10, 184

-53.9

190, 959

191, 088

195, 204

196, 762

3,058
3, 293
996

3,104
2,835
1,352

1,466
2,299
1,386

5,150
3,581
1,523

6,953
5,008
2,663

11, 929
3,367
4,564

14, 993
6,036
9,103

.69

.68

.72

.65

.67

.81

.75

41, 131

39, 666

41, 900

41, 900

41, 900

1,364
9,984
3,219
.84

1,202
10, 748
1,085
.91

802
8,659
2,195
1.04

2,007
9,325
318
1.01

3,900
11, 052
2,130
.97

1,939
3,688
1,036
1.07

6,639
7,382
1,054
.88

+94.3 -41.3
+18.5 +49.7
+569. 8 +102. 1
-4.0 +10.2

21, 720

14, 210

-34.6

28, 615

11, 123

-61.1

21, 758

17, 773

26, 059

39, 512

38, 326

25, 354

30, 668

-3.0 +25.0

201, 423

189, 512

-5.9

2 218, 002

2

+35.0
+39.8
+74.9

-53.6
-17.0
-70.7

+3.1 -10.7

48, 696

Total Grains
Total grain exports, incl.flour.-thous. of bushs..
Rice
Southern paddy, receipts at mills
Shipments:
Total from mills
pockets
New Orleans
pockets
Stocks end of month
pockets
Exports
pockets
Imports
pockets
Paddy at California warehouses:
Shipments
Stocks end of month

118, 885

105, 923

74,634

259, 953 1, 147, 507

566, 268

853, 330 +341. 4

+34.5

2, 207, 182

3, 608, 887

+63.5

473, 963
(100 Ibs.)
(100 Ibs.) . 113, 558
(100 Ibs ) 1, 179, 488
38, 140
(100 Ibs.)
(100 Ibs.) _ 114, 174

351, 292
129, 725
975, 043
37, 618
111,455

278, 871
34, 528
767, 627
40, 464
88, 159

310, 412
717, 070
142, 589
132, 495
715, 632 1, 217, 603
50, 504
64, 290
68, 739
43, 002

315, 239
101, 054
398, 186
25, 865
109, 753

619, 078 +131. 0 +15.8
135, 778
-7.1 -2.4
632, 444 +70.1 +92.5
13, 293 +27.3 +383.6
-37.4 +76.2
24,409

4, 015, 201
1,044,336

4, 621, 348
1, 056, 230

+15.1
+1.1

5l4, 95l
566, 356

436, 419
1, 075, 569

-15.3
+89.9

bbls..

sacks _
sacks

213, 437
368, 037

177,376
224, 018

153, 198
70, 820

70, 820
None.

Other Crops
Apples:
Cold-storage holdings,
end of month
thous of bbls
Car-lot shipment—
. .carloads.
Potatoes, car-lot shipments
carloads
Onions, car-lot shipments
carloads
Citrus fruits, car-lot shipments
carloads..
Hay, receipts
tons

630
2,480
16, 488
4,071
9,250
53, 217

112
1,204
23, 370
1,237
6,248
60, 457

61
3,665
19, 914
1,569
5,986
57, 014

87
3,131
14, 775
2,596
4,533
49, 157

1,821
658
198
1,168

1,997
776
252
1,171

447, 515
495, 007
2,501

4 387, 867 * 1,292,264 +233. 2

None.

3,510

1,180
19, 272
21, 846
3,640
3,614
58, 240

64
3,956
14,326
2,391
2,442
79, 611

1,422
19, 103
22,763
3,994
2,379
79, 516

2,397
1,100
521
1,290

2,245
886
360
1,281

461, 661
465, 917
2,168

2,805

444, 474
447, 509
2,382

466, 438
469, 695
2,353

+29.4

+19.3

46, 048

41, 697

46,040

45, 214

40, 719

+10.4

+13.1

9.42
.162
.170

8.98
.160
.170

+515. 5
+47.9
+40.2
-20.3
+18.5

-17.0
+0.9
-4.0
-8.9
+51.9
-26.8

42, 382
175, 368
19, 762
66, 368
625, 035

52, 526
160, 058
21, 615
70, 186
588, 545

+23.9
-8.7
+9.4
+5.7
-5.8

2,157 +20.0
938 +41.8
427 +106. 7
1, 227 +10.2

+11.1
+17.3
+22.0
+5.1

16, 941
6,238
2,284
10,532

16, 893
6,242
2,145
10, 531

-0.3
+0.1
-6.1
0.0

493, 049 « 3, 616, 614
3, 581, 439 * 3, 701, 744
19, 198
20, 512

+3.5
+3.4
-6.4

Cattle and Calves
Cattle movement, primary markets:
1,871
Receipts.
thousands..
1,894
668
658
Shipments, total
thousands. .
169
Shipments, stocker and feeder, .thousands..
218
Local slaughter
thousands _
1,194
1,217
Beef products:
Inspected slaughter product— thous. of lbs__ 457, 575 495, 925
Apparent consumption
thous. of lbs._ 465, 155 498, 764
1,502
2,292
Exports
thous. of Ibs
Cold-storage holdings,
end of month
thous of Ibs
52, 579
48, 688
Prices, Chicago:
9.59
Cattle corn-fed
dolls per 100 Ibs
9.06
.160
.160
Beef, fresh native steers
dolls, per lb__
.159
Bfifif. steer rounds. No. 2... dolls. Der Ib
.162
2
Final estimate for 1925.




4
3,
4

+13.5 -18.1
+1.9 -11.9
0.0 -1.7
< Eight months' cumulative, ending Aug. 31.
10.19
.163
.170

12.08
.185
.188

12.44
.185
.173

TREND OF BUSINESS MOVEMENTS—Continued

The curnulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1995

1926

SepSeptember, tember,
1926,
Septem1926,
from
from
ber
SepAugust, tember,
1926
1925

September

August

2,804
1,084
51
1,711

2,816
1,140
84
1,673

2,549
952
30
1, 586

2,741
1,092
33
1,645

563, 719
498,315
87,944

93,835

457, 345
492, 088
83, 226

461, 253
519,282
102, 152

+6.7

-8.1

-20.2

+14.7

-17.7

+9.7

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

Per

cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1925

1926

32, 315
11, 801
349
20,508

29,044
11,043
557
17,987

-10.1
-6.4
+59.6
-12. 3

4 4, 917, 021
44,080,278
954, 237

5,025,108
3, 984, 553
878,687

+2.2

1, 112, 231
533, 245

1,139,842
545, 810

+2.5
+2.4

15, 582
7,726
2,228
7,822

17, 153
8,584
2,727
8,517

4 311, 106
* 311, 975

4 326, 300
4 326, 423

+10.1
+11.1
+22.4
+8.9+4.&
+4.6

48,721,176

8,968,022

4 7, 973, 692

8, Oil, 580

+2.8+0.5

162, 633

184, 123

+13. 2

193,050

206,860

+7.2

4 2, 856, 239 4 3, 096, 099
945, 196
631,471

+8.4
-33.2

464, 534

+1.7

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 lbs_.
Apparent consumption
thous. of lbs__
Exports
thous. of Ibs
Cold-storage Hofdings, total,
end of month
thous. of Ibs. _
Fresh and cured in storage,
end of month
.thous. of lbs__
Lard (included in pork products) :
Production
thous. of Ibs _
Exports
thous. of lbs__
Cold-storage holdings,
end of month
_thous. of lbs_.
Prices:
Hogs, heavy, Chicago dolls, per 100 lbs._
Hams, smoked, Chicago
dolls, per lb__
Lard, prime contract, N. Y. . .dolls, per lb—

+0.4 +2.7
+5.2 +4.4
+64.7 +154.5
-2.2 +1.7

3,037
1,164
68
1,872

3,143
1,048
72
2,087

2,854
989
49
1,873

568, 585
496,451
93,366

646, 770
521, 083
85, 094

616, 289
470, 705
72,557

681,296

722, 703

796, 245

774, 319

618, 124

698, 513

539,004

574,472

602, 176

642, 673

623, 086

512,832

583, 789

467, 378

117, 241
58,154

122, 885
56,482

133, 702
45,879

114,803
54,273

97,040
61, 577

90,421
45, 740

84,972
60,646

-15.5 +14.2
+13.5 +1.5

106,824

120, 527

153, 572

151, 233

105, 292

114, 724

71, 626

-30.4

13.29
.310
.159

13.96
.340
.170

12.98
.351
.165

11.85
.329
.156

12.38
.320
.150

13.13
.298
.179

12.88
.292
.178

+4.5 -3.9
-2.7 +9.6
-3.8 -15.7

1,913
916
238
998

1,739
828
260
912

2,277
1,176
567
1,058

3,279
2,124
1,081
1,147

2,064
1,037
421
998

2,627
1,619
839
981

+44.0 +24.8
+80.6 +31.2
+90.7 +28.8
+8.4 +16.9

39,818
39, 676

37, 935
37, 786

38,870
38,698

40, 994
41,505

1,871

1,813

1,928

2,232

1,339

1,112

5.31
16.13

5.88
14.26

5.87
13.95

5.77
13.78

6.40
14.60

6.19
15.09

-1.7
-1.2

-6.8
-8.7

52, 985

57, 053

58,557

56,013

64, 573

52,550

-4.3

+6.6

940, 689
968, 685
694,915
561, 759
978, 295 1, 030, 482

-14.9

+9.9

8

-2. a

-7.9

+47.0

Sheep and Lambs
Sheep movement, primary markets:
1,717
Receipts
.thousands..
838
Shipments, ^otal .
thousands.
130
Shipments, stocker and feeder-thousands.
885
Local slaughter
thousands.
Lamb and mutton:
36, 728
Inspected slaughter product. .thous. of Ibs.
37, 362
Apparent consumption
.thous. of Ibs.
Cold-storage holdings,
1,697
end of month
thous. of lbs_.
Prices:
7.05
Sheep, ewes, Chicago dolls, per 100 Ibs..
Sheep, lambs, Chicago... dolls, per 100 Ibs.. 14.20

3

40, 260
40, 134

+15.8 +100. 7

Miscellaneous Meats
Cold-storage holdings, end mo. --thous. of lbs_.

48, 033

Total Meats
Production, inspected slaughter.. thous. of lbs_. 1, 062, 888 1, 182, 513 1, 101, 739 1, 065, 640
Cold-storage holdings, end mo_ -thous. of Ibs.. 676, 781 705, 720 747, 587 725, 269
Apparent consumption
_ _ thous. of Ibs.. 998,968 1, 059, 523 1,003,498 1,004,366
Poultry
Receipts at five markets
Cold-storage holdings,
end of month
Fish

617, 127

+6.1 +30.7

thous. of Ibs..

16, 519

21, 311

20, 974

23, 164

24,579

14,466

18,804

thous. of Ibs..

42, 808

36, 730

35, 793

38,634

44,671

47,946

44, 345

+15.6

+0.7

Total catch, prin. fishing ports ...thous. of Ibs..
Cold-storage holdinsg, 15th of mo-thous. of lbs_.
Canned salmon:
Shipments, United States
cases
Exports, Canada
. .
cases. _

22, 220
21, 540

27,929
31, 345

29, 564
45, 606

32,043
57, 627

24,414
64,435

26,839
47, 474

28,184
55, 447

-23.8
+11.8

-13.4
+16.2

177,464
27, 146

368,619
19,208

581, 072
22, 708

840, 065
100, 321

130, 796

757,479 1, 205, 930
135, 306
212, 619

+30.4

-38.5

Butter
Receipts, 5 markets
Cold-storage holdings, creamery,
end of monthu
Apparent consumption
Wholesale price, 5 markets

thous. of Ibs..

54, 464

75, 931

68, 393

50, 476

44,761

55,064

45,005

-11.3

-0.5

thous. of Ibs. _ 30, 561
thous. of Ibs. . 184, 452
.404
dolls, per lb_.

86, 897
185,795
.409

131, 152
178, 825
.403

138, 151
181, 506
.422

125, 122

128,403
177, 075
.448

114, 172

-9.4

+9.6

.488

+5.7

-8.6

14,973
44, 059
52, 167
5,165
351
3,280

21, 777
45, 385
68, 771
5,908
261
6,667

21, 972
36,060
90, 053
5,087
309
20, 681

20,735
36,542
98, 473
6,520
254
19, 903

22, 472
39,026
95, 472
4,046
319
23,508

20, 520

-12.1 -11.2

95, 681
7,449
323
19, 343

97, 777
5,424
279
22, 646

-2.8 -2.1
+14.2 +37.3
+27.1 +15.8
-2.2 -14.6

39,346
.199

54,069
.209

73, 681
.212

81,297
.218

77,823
.231

76,512
.241

78, 582
.241

2,251
7,236

2,115
9,133

1,385
9,845

1,083
9,573

.446

456, 876

4 1, 304, 514 4 1, 290,046

-1.1

Cheese
Total, all varieties:
Receipts, 5 markets
thous, of lbs._
Apparent consumption
thous. of Ibs..
Cold-storage holdings
thous. of Ibs..
Imports
- thous. of Ibs _
Exports, United States
thous. of lbs_.
Exports, Canada
thous. of Ibs..
American whole milk:
Cold-storage holdings
thous. of lbs_.
Wholesale price, 5 markets.... dolls, per lb.

18,231

-4.3
+6.0

169, 753
4 311, 659

156, 697
4 324, 293

42,424
8,113
95, 066

47, 561
2,953
78, 973

-7.7
+4.1
+12. 1
-63.6
-16.9

13, 709

13, 570

-1.0

-1.0
-4.1

Eggs
Receipts, 5 markets
Cold-storaee holdings




thous. of cases.*
thous. of cases..
8
Revised.

-13.9
+0.2
-16.1 -6.7
i Eight months' cumulative, ending Aug. 31.
932
8,035

1,042
9,873

930
8,612

•

43

TREND OF BUSINESS MOVEMENTS—Continued

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1926

June

July

36, 734
21,392

37, 285
23,310

40, 821
23,093

30, 943
10,083
3,472
5.86

31, 931
9,138
3,537
5.87

32,545
9,118
2,139
5.75

169, 533

181, 276

126, 383
7,353
4.33
178

138,475
5,623
4.38
209

19,279
2,776

19, 869
2,851

18,027
2,773

29,191

25, 229

21, 771

5,250

4,690

4,651

August

September

August

SepSeptember, tember,
1926,
Septem- 1926, from
ber
from
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

Per
cent
increase
or decrease

cumulative
1926
from
1925

1925

1926

+40.3 +27.8
+0.2 -2.0

30,635

29, 799

-2.7

-8.2 -61.1
+2.1 -0.9
+47.4 -26.3

89, 059

58, 569

-34.2

2,736

2,016

-26.3

4 134, 003
* 20, 809

' 140, 220
4 21, 288

FOODSTUFFS— Continued
Milk
Condensed milk:
Manufacturers' total stocksCase goods
thous. of Ibs
26,068
Bulk goods
thous. oflbs— 15, 701
Manufacturers' unsold stocksCase goods
__thous. of Ibs— 20,439
Bulk goods
thous. of lbs__
7,073
Exports
thous. of Ibs
2,813
Wholesale price, New York.dolls. per case5.86
Evaporated milk:
Manufacturers' total stocks,
case goods
thous. of Ibs
111, 659
Manufacturers' unsold stocks,
case goods
thous. of Ibs
79, 518
Exports
.
thous. of lbs_
6,963
Wholesale price, New York.dolls. per case4.34
Powdered Tnilk exports
t-bons, of Ibs
181
Fluid milk:
ReceiptsBoston (includ. cream) . .thous. of qts__ 18, 231
Greater New York
thous. of cans2,778
Production—
Minneapolis, St. Paul- -.thous. of lbs__ 30, 499
Consumption in manufacture of
oleomargarine
thous. of lbs__
5,134

Sugar
Raw:
Imports—
From Hawaii and Porto
Rico..
. . long tons
151, 174
83, 537
172, 569
From foreign countries
long tons— 364,473 385, 027 284, 411
Meltings, 8 ports
long tons__ 452,681 491, 389 465, 144
Stocks at refineries, end mo
long tons- 519, 595 541,467 425,902
Receipts, domestic, at New
Orleans
long tons
854
378
362
Refined:
Exports inclndi'ng maple
lnT|E tons
11,692
8,793
6,671
Prices:
Wholesale, 96° centrifugal,
N. Y
dolls, per lb_.
.041
.042
.042
Wholesale, granulated, N.Y— dolls, per lb._
.054
.056
.055
Retail, granulated, N. Y
dolls, per lb_.
.061
.061
.060
Retail average, 51 cities
index number..
126
126
122
Cuban movement:
Receipts at Cuban ports
long tons
254, 748
163,014
354, 890
Exports
long tons- 360,464 357,859 300,955
Stocks, end of month
long tons— 1,442,231 1,327,592 1, 195, 658
Coffee
Imports
thous. oflbs
85,424
104, 720
116, 702
Visible supply:
World
thous. of bags—
4,491
4,560
4,387
United States
thous. of bags..
691
647
583
Receipts total, Brazil
- thous of bags
1,072
901
748
Clearances:
Total, Brazil, for world
thous. of bags—
889
1,217
893
Total, Brazil, for U. S
thous. of bags..
554
511
653

46, 757
10,098

42,208
7,340

39, 425
3,735
3,153
5.85

33,888
3,346
2,348
5.88

177, 323

155, 654

157,381

132, 531
5,657
4.36
196

119, 899
9,967
4.51
291

121, 745
13,339
4.49
392

17,227
2,673

16, 305
2,647

21, 730

18,322

5, 318

5,708

103, 961
287, 018
438, 767
235, 725

98,530
320, 562
459, 875
187, 739

58, 206
313, 841
453,226
341,803

3,001
5.76

5,191
4.45
289

19,070

56, 798
326, 105
448, 043
287, 655

-12,4

+4.1

-2.4 -42.4
+3.9 +1.7
-1.1 -2.6
-15.8 +53.2

+4.6
+2.3

215,647

235, 912

+9.4

4 41, 480

* 44, 525

+7.3

1,092,901
3, 305, 430
4,115,225

1,059,025
3, 255, 141
4,084,833

-3.1
-1.5
-0.7

33, 146 +476.0

564

228

124

None.

-59.6

7,095

5,464

67, 327

40, 624

-23.0 -86.5

.042
.055
.062
127

.044
.056
.062
127

.044
.054
.062
127

.043
.054
.062
127

164,744
445,900
935,416

186, 580
473, 190
603,469

179,225
333,938
822,799

158,009
371,200
594, 378

+13.3 +18.1
+6.1 +27.5
-35.5 +1.5

12&922

105, 163

97, 696

133,463

-14.4

4,738
832
1,117

4,663
912
1,053

5,118
859
1,173

5,087
716
1,494

-1.6
-8.3
+9.6 +27.4
-5.7 -29.5

8,218

8,804

+7.1

1,289
684

1,240
694

1,487
794

1,434
705

-3.9 -13.5
+1.5 -1.6

9,263
4,908

10,077
5,280

+8.8
+7.6

thous. of lbs_.
4,907
9,025
10, 144
64, 578
12, 148
3,149
10, 056
11, 993 +20.8
+1.3
66, 623
TOBACCO
Consumption (tax-paid withdrawals) :
Large cigars
_
millions. _
577
569
594
507
557
600
4,718
576
+1.0 +4.2
4,805
Small cigarettes
millions
7,961
8,486
8,086
7,257
8,068
6,983
7,119
60,266
+0.2 +13.6
67, 649
Manufactured tobacco
and snuff . -_ ... - - thous. oflbs
36,224
33,648
34, 380
36, 327
35,358
36,054
35,809
+1.2 +0.5
313, 167
316,172
Exports:
Unmanufactured leaf
thous. of Ibs.. 27,431
30, 762
29, 760
38, 319
34,890
26,263
298,098
50,694
+45.9 -24.4
326, 128
Cigarettes
millions
1,061
727
867
762
820
715
336
-7.1 +126.8
6,215
7,454
Sales of loose-leaf, warehouses— thous. of Ibs, _
582
7,660
39, 144
4,189
34,772
91,682
4 204, 855 4 282, 152
Price, wholesale, Burley good leaf,
dark red, Louisville
dolls, per 100 Ibs.. 22.60
21.00
21.00
21.00
21.00
25.00
0.0 -16.0
25.00
Production, crop estimate
..thous. oflbs..
1, 139, 251 1,202,884 1,306,494 1, 293, 918
21,349,660
TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
Total cargo traffic
thous. of long tons..
2,186
2,417
2,135
2,322
1,912
1,892
415,419
4 18, 389
In American vessels thous. of long tons..
1,165
1,317
1,369
1,190
1,013
• 983
48,407
*9,846
In British vessels
thous. of long tons..
562
565
289
617
482
476
4 3, 810
44.409
Sault Ste. Marie Canal... thous. of short tons- 10, 157
13,608
12, 789
12,910
13, 776
11, 663
10,904
-7.2 +17.3
59,991
65,240
New York State canals... thous. of short tons..
316
399
229
336
280
391
4 1,347
<1,280
Suez Canal
thous. of metric tons..
1,964
1,939
2,033
2,080
2,030
4 18, 156
2,087
417,048
Welland Canal .
_
short tons
787,478
948,840
630, 169
717, 548
653,025
877, 506
6 2 4, 055, 081 3, 737, 060
765,032 +13.9
St. Lawrence Canal
short tons
968, 976
744,510 ,060,598
872, 597
798,845
989,128
823,315
+9.2 +6.0 4,493,512 4,445,526
Mississippi River, Govt. barges
short tons- 95,605
88,846
90,495
114,352
110, 000
64,913
46,070
-3.8 +138. 8
730, 174
754,639
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va__
short tons.. 852,732 ,045,889 1, 159, 138 , 078, 041 927,851
716,142
668,392 -13.9 +38.8 4,878,146 6,825,337
2
Final estimat B for 1925.
4 Eight rxlonths* cunlulative, e nding Aiig.31.



-3.1

Imports..

--

+4.8
+1.8
0.0
0.0

5,755

287, 268

83,249

-71.0

4, 648, 273
4,070,154

4,182,465
3,683,200

-10.0
-9.5

927,471

1,076,276

+16.0

+2.3
+3.7
0.0
0.0

-21.2

Tea

+1.8
+12.3
+1.0
+9.4
+19.9
+37.7

+19.3
+17.1
+15.7
+8.7
-5.0
61
78
-1.1
+3.4

+39.9

44

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
•of the August, 1926, " Survey "

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1925

August

September

August

Sepember.
Septem- 1926,
from
ber
August,
1926

Sepember,
1926,
from
Sepember,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

Per
cent
increase
(
ort>
decrease
(-)
cumulative
1926
from
1925

1925

1926

52, 683
20,502
32, 172

56, 514
20,195
36,218

+7.3
-1.5
+12.6

170, 681
107, 987

156, 042
100, 695

-8.6
-6.8

37, 893
1,673
1,152
6,976
2,862
1,587
9,824
13, 818

39, 252
1, 775
1,142
7,485
2,796
1,680
10, 040
14, 333

+3.6
+6.1
-0.9
+7.3
-2.3
+5.9
+2.2
+3.7

TRANSPORTATION-Continued
Ocean Traffic
'Clearances, vessels in foreign trade:
Total
- -thous. of net tons..
American
.
thous. of net tons..
Foreign
thous. of net tons

+22.7
-3.0
-0.5 +4.2
-4.2 +34.7

6,065
2,536
3,529

7,086
2,640
4,445

8,424
3,149
5,275

7,892
2,567
5,325

7,657
2,554
5, 103

6,917
2,586
4,331

6,239
2,450
3,789

16,377
7,179

22, 819
13, 724

14,009
8,389

19,423
13,384

11,317
6,244

8,415
1,631

21, 758
17, 191

223

199

254

275

155

162

257,956
135,233
75, 253

254, 807
140, 421
69, 869

199, 073
104, 796
56, 785

161,478
88, 967
38,967

114, 730
62, 202
27, 519

162,397
85, 732
40, 427

140, 842
58, 203
61, 370

-29.0 -18.5
-30.1 +6.9
-29.4 -55.2

None.
None.
None.

68
None.
48

404
172
114

None.
None.
None.

542
403
100

636
272
354

558
364
153

—2.9
+10.7
-34.6

5,143
198
143
898
383
243
1,331
1,947

4,112
161
108
734
296
271
1,026
1,515

5,245
280
134
939
335
365
1,274
1,919

4,418
228
117
810
282
310
1,061
1,609

4,552
202
147
848
282
301
1,065
1,708

4,321
221
121
834
285
250
1,043
1,567

4,298
211
131
732
279
229
1,052
1,665

+3.0 +5.9
-11.4
-4.3
+25.6 +12.2
+4.7 +15.8
0.0 +1.1
-2.9 +31.4
+0.4 +1.2
+6.2 +2.6

396, 687
92, 381
539, 865
390, 190
107, 336
39, 237

408, 645
97, 787
556, 515
395, 294
116, 895
41, 705

428, 628
98,913
578, 823
399, 330
133, 008
43, 724

3 403, 356
3104,034
3 555, 494
3 388, 898
3 124, 944
3 41, 709

419, 643
95, 705
565, 452
388, 096
134, 585
41,322

* 2,902, 045
^701,008
* 3,974, 525
4
3,011, 712
4 663, 967
4 292, 131

3,078, 098
4 701, 384
4,163, 940
3,094, 122
4 745, 163
4 312, 580

7,604
5,464
3,282

7,376
5,689
3,336

7,653
5,619
3,542

7,768
5,020
3,633

7,409
5,190
3,385

4 53, 238
441,205
4 23, 491

4 54, 955
4 44, 717
4 24, 104

+6.1
+0.1
+4.8
+2.7
+12.2
+7.0
+3.2
+8.5
+2.6

1,342
1,966
484

1,664
2,222
898

+24.0
+13.0
+85.5

913

1,286

+40.9

588
97

972
130

+65.3
+34.0

193
35

139
45

-28.0
+28.6

231

231

0.0

111, 978
86,845
45,395

78,712
73, 419
44,835

67, 530
64, 891

69,700
68,441

-29.7
-15.5
-1.2
+3.2
+5.5

Shipbuilding
•Completed during month:
Total
gross tons..
Steel seagoing .
__ _ .gross tons..
Building or under contract, end of month:
Merchant vessels
thous. of gross tons..

-41.7
-53.3

-48.0
-63.7

Freight Cars
•Surplus (daily av. last week of month) :
Total
cars.Box
cars
Coal
.
...
caS _
Shortage (daily av. last week of month):
Total
cars
Box
cars
Coal
cars
•Car loadings (monthly totals):
Total
_
...thous. of cars..
Qrain and grain products ._ -thous. of cars..
Livestock
. . . . .thous. of cars. .
Coal and coke
thous. of cars. .
Forest products
..thous. of cars. .
Ore
_
thous. of cars..
Merchandise and I.e. 1
thous. of cars..
Miscellaneous ._
-thous. of cars. .
Railroad Operations
Operating revenue:
Freight- _
thous. of dolls. . 385, 073
Passenger
thous. of dolls.. 82,783
Total operating . . . . -thous. of dolls. . 517, 423
388, 763
•Operating expenses
thous. of dolls
Net operating income
thous. of dolls _ 88, 105
Freight carried
._
.mills, ton-miles. . 39,833
Pullman company operations:
Revenue
t hous . of doll s . . 6,470
5, f 57
Expenses
.
thous. of dolls. _
2,817
Passengers carried
_ _ thousands . .
Railway Equipment
Locomotives (Am. Ry. Assn.):
63, 107
64, 257
63,202
Owned, end of month
number . 63,352
64,357
-0.1 -1.9
63,040
63, 266
+0.2 +0.6
2,605
2,598
2,603
2,596
Tractive power
mills, of Ibs
2,601
2,611
2,596
9,031
10, 643
-1.6 -16.5
In bad order end mo
number
9,266
8,718
8,889
9,228
10, 551
-1.4
14.4
14.7
13.9
16.5
'16.5
-13.9
Per cent of total in use
per cent
14.2
14.7
152
129 +47.4 +73.6
174
171
Installed during month
number
184
224
147
262
247
229 +12.6 +21.4
Retired during month
.number..
237
210
278
270
84
50
14
86 -63.1 -64.0
'Ordered from manufacturers
number
26
191
31
Building in railroad shops,
67
37 +49.3 +170. 3
end of month
number
92
123
84
100
45
•Shipments—
124
132
100
+8.1 +34.0
134
118
Total
.
number..
140
159
Domestic42 +39.7 +159. 5
Steam
number
82
78
109
91
105
133
11
14
20
16
16 -18.7 -18.7
Electric .. . .
.number..
13
6
Foreign34 -78.3 -85.3
Steam
.number
23
12
12
30
5
13
7
0.0 -12.5
9
8
Electric
number..
0
7
8
3
Unfilled orders, end of month390
525
334
-5.1 +27.7
667
555
Total
number
726
498
Domestic—
455
278 -15.2
Steam
number
199
+38.8
585
522
445
386
41
-7.7 -41.5
26
24
Electric
number
36
48
46
53
Foreign64 +175. 0 +20.3
28
72
Steam
number
51
77
72
72
7 -31.2 +57.1
23
16
11
15
Electric
number
23
20
11
44
22 -72.7 -45.5
12
15
20
Exports, steam
number _.
15
Freight cars (Am. Ry. Assn.):
0.0 -0.6
Owned end of month
cars 2, 345, 091 2, 346, 908 2, 348, 508 2, 349, 100 2, 348, 933 2, 363, 849 2,363,637
211, 201
211, 102
+0.1 +0.4
Capacity
mills, of lbs__ 211, 049 211,316 211, 642 211, 875 212, 086
179, 571
-7.6 -17.0
168,498
161, 396
197, 178
165, 588
165, 756
149, 078
In bad order end mo
cars
7.7
7.2
8.4
-7.1 -15.6
7.3
7.0
6.5
7.2
Per cent of total in use
per cent..
10,292
11,554
8,161 -25.1
7,704
-5.6
10, 904
Installed during month _
.-cars
9,715
9,036
8,064
9,259
9,196 -17.0 -12.3
9,386
9,716
Retired during month
cars.. 10, 074
7,083
164
2,564
2,816
6,113 +56.3 -58.1
1,256
Ordered from manufacturers
cars
435
4,270
Shipments by manufacturers —
5,405 -32.9
+3.7
9,287
8,357
3,617
5,606
8,170
10,009
Total
cars
3,412
9,185
8,308
5,319
-33.1 +4.5
5,560
10, 003
8,130
Domestic.
cars..
Building in railroad shops,
6,233
6,003
6,246
-10.9 -14.3
7,652
6,440
«nd of month
cars..
5,350
8.566
3
i Eight months' cumulative, ending Aug. 31.
Revised.




45

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEM-

PER CENT INCREASE (+) OR
DECREASE (— )

1925

BER 30

Per

cent

in- "

crease
( }

Sep-

May

July

June

August

September

August

September

tember,
1926,

from
August,
1926

or tde-

crease

September,
1926,
from
September,
1925

(-)

1925

1926

cumulative
1926

from
1925

TRANSPORTATION— Continued
Railway Equipment—Continued
Passenger cars:
Ordered from manufacturers
Shipments by manufacturersTotal
Domestic - -

cars

30

124

68

1

131

9

37

+254.1

847

1,060

cars.
...cars..

208
196

224
218

222
222

187
187

178
163

130
110

67
58

-4.8 +165. 7
-12.8 +181. 0

668
626

1,700 +154.5
1,635 +161. 2

235, 698
44, 361

455, 204

434, 603

209,023
27,726

384, 501
56, 195

184, 279

24,790
24,432

22, 283

7,575

7,052

47, 715

60, 223

+25.1

Passenger Travel
National parks:
Visitors
^
number.. 128, 629
Automobiles entered. .
number.. 18, 505
Arrivals from abroad:
Immigrants
...
. number.. 33, 533
United States citizens
t__
number.. 22, 719
Departures abroad:
5,861
Emigrants..
number..
United States citizens .
number. _ 28, 913
Passports issued
number.. 31,460

86,779

25,981

25,916

14,007

77,004

22,421
49,922

29,286
52, 683

7,376
42,248
9,936

7,539

8,747

17,361

+13.4

1,565,500 1, 651, 255
193, 092
267,506

+59.7

4
4

26, 721

68,500

9,370

7,200
24,369
8,795

54, 623
12, 461

54, 955
13, 373

37, 185

-51.9
-64.0

4

-12.0

-0.5

4
4

187, 588
221, 547
* 51, 420
256, 925
148, 139

4

+5.5

+38.5

211, 909
228, 115

+13.0
+3.0

4

44, 828
285, 721

151,272

-12.8
+11.2
+2.1

474, 017
111, 751

+12.0
+12.4

PUBLIC UTILITIES
Telephone companies:
Operating revenues
thous. of dolls.. 59, 699
Operating income
thous. of dolls.. 13, 785
Telegraph companies:
Commercial telegraph tolls.thous. of dolls.. 10, 615
Operating revenue
thous. of dolls. _ 13, 177
1,659
Operating income
thous. of dolls..
Gas and electric companies:
98,459
Gross earnings
thous. of dolls
Net earnings
thous. of dolls.. 32, 133
Electric railways (212 companies) :
Passengers carried _ thous. of persons.. 810, 275
Electric power production:
Total
mills, of kw. hours. _
5,809
2,309
By water power
mills, of kw. hours..
By fuels
mills, of kw. hours..
3,500
In street railways, manufacturing
372
plants, etc
mills, of kw. hours..
5,437
In central stations
mills, of kw. hours..
Gross revenue sales
thous. of dolls.. 3 131, 600

60, 302

60, 119
13, 261

14,404

60,097
13, 713

11, 085
13, 644
1,945

10, 822

13,386

11, 109
13, 663
2,351

10, 780
13, 186
1,907

11, 306
13, 784
2,211

97, 823
32, 260

95, 007
27, 729

93, 873

25,909

89, 343
25, 965

91, 855
28, 977

783, 702

764, 509

749, 592

752,417

750, 209

1,662

5,879

5,914
1,997
3,917

2,231

3,642

369

5,509
129,700

355

3

5,559

6,120
2, 090

5,463

5,490

3,695

3,883

5,086

377

111, 500

365
5,125
117, 200

1,768

4,030

368

5,753

4

4
4
4
4
4

4

496
225
88
92
80
121.2
101.0
87.4

486
233
89
92
80
125.8
101.1
82.2

489
239
90
93
81
125.9
100.7
85.8

500
234
97
95
81
123.9
102.9
89.0

487
244
86
89
76
124.1
95.5
88.3

500
258
91
90
79
123.9
97.8
89.9

+2.2
-2.1
+7.8
+2.2
0.0
-1.6
+2.2
+3.7

0.0
-9.3
+6.6
+5.6
+2.5
0.0
+5.2
-1.0

14,390
280.7

13,995
270.6

14, 103

14,664
278.0

13, 722

14, 150

88
84
77

89
83
78

+4.0
-1.4
+8.2
+2.3
+2.4

+3.6
-3.0
+19.1
+7.2
+11.5

+3.7

-1.8

+1.6
-2.3
+0.2
+0.1
0.0
0.0
+2.0

+3.5
+5.2
-0.8
-2.9
+9.2
+6.3
+5.2

+2.1
0.0
+18.2
+4.2
-7.1

+6.5
+6.8




282.0
98
87
85

100

108

108

60,811

60,435
156,274

60, 270

154, 716

28.99
117.5

236.6

178.7
108
104
105

27.06
29.78

28.81
113.2
219.8
178.5
106
99
99

26.78

28.86

108

114

63,054
152,314

62, 519

28.32

28.46

180.9
107
101
99

181.0
107
101
101

187.9
103
97
99

107.6
231.1
186.5
98
95
96

26.37
28.73
30.30
23.23.

26.94
29.27
30.89
23.48

17.29

49.6
47.6

49.6
47.5

48
47
27
25
26

48
47
33
24
28

46
45
28
25
27

286.7

29.31
113.2

26.76
29.39

50.0
47.9

295.3

115.9

228.8

30.91
23.81
16.91

30.76
23.67

112

157,308

29.21

31.38
24.14
17.07

106
89
87

229.3

112.9

237.3

16.87

49
47
39
25
26

17.00

50.1
47.5

50.0
48.3

47
42
28
25
25

46
44
30
25
26

85, 738
105, 526
13, 996

+8.5
+8.5
+2.3

795, 363
258, 280

+6.7
+8.8

4
4
4

4

6,316, 069
4
4
4

42, 271
15, 006
27, 265
4

129, 200

96
84
84

4

3, 115
39, 156
937, 776

4

4
4

127, 100

96
89
88

79, 049
97, 222
13, 684

6,235, 670

1,607

4

745, 360
237, 354
4
4
4

EMPLOYMENT AND WAGES
Employment in factories:
New York State
thousands..
498
Detroit
_
thousands. .
245
89
New Jersey (rel. to 1923) index number..
92
Pennsylvania (rel. to 1923) .index number..
82
Delaware (rel. to 1923)
index number..
121.7
Wisconsin (rel. to 1915)
index number..
Illinois (rel. to 1922)
index number..
101.1
90.2
Massachusetts (rel. to 1914). index number..
Total pay roll:
New York State
thous. of dolls.. 14, 299
Wisconsin (rel. to 1915)
index number..
285.3
New Jersey (rel. to 1923).- .index number..
95
89
Pennsylvania (rel. to 1923) .index number..
Delaware (rel. to 1923)
index number..
88
Ohio construction employees
(rel. to 1923)
index number..
82
Federal civilian employees, Washington, D. C., end of month
number.. 61, 036
Employed in anthracite mines
.number.. 155, 798
Average weekly earnings (State reports) :
28.69
New York State
.dollsIllinois (rel. to 1922)
index number..
117.1
Wisconsin (rel. to 1915)
index number..
240.9
179.9
Massachusetts (rel. to 1914) .index number..
New Jersey (rel. to 1923)— -index number..
106
Pennsylvania (rel. to 1923) ..index number..
103
Delaware (rel. to 1923) — ..index number..
103
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars..
27.13
29.61
Total male
dollars..
31.21
Skilled male
dollars..
23.91
Unskilled male
dollars..
Total women
_
dollars..
17.09
Average weekly hours:
49.9
Nominal (both sexes)
hours. _
Actual (both sexes)
hours..
48.1
Wages of common labor by geographic divisions:
New England
cents per hour..
50
44
Middle Atlantic
cents per hour..
South Atlantic
cents per hour..
29
East South Central
cents per hour..
25
West South Central
cents per hour..
27
a Revised.

4
4

423, 123
99, 432

4

» Eight months' cumulative, ending Aug. 31.

+30.0

0.0
0.0

4

+1.3

47, 367
17, 071
30, 291

+12.1
+13.8
+11.1

4

+0.1
+13.0
+16.8

3, 118
44, 249

1,095, 100

46
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulative* shown are through
September except where otherwise
noted. Earlier data for items shown
here may be. found on pages 22 to 151
of the August, 1926, " Survey "

May

June

PEE CENT INCREASE (+) OB
DECREASE (— )

1935

July

August

September

August

Sepember,
Septem- 1926,
from
ber
August,
1926

Sepember,
1926,
from
Sepember,
1925

0.0
0.0
+4.8
0.0
0.0
0.0

-2.6
-5.3
-2.2
-1.9
+2.6
0.0

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1935

1926

Per
cent
increas
(+)
or decrease
(-)
cumulative
1926
from
1925

EMPLOYMENT^AND WAGES— Contd.
Wages of common labor by geographic divisions—Continued.
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-Wages, steel workers, Youngstown.. number.,
district
per cent
Applicants per 100 jobs, employment agencies:
United States average
number
Eastern States
number
Central States
number..
Southern States
.. . _
numberWestern States
number

37
36
44
53
38
50

38
36
45
53
38
50

37
37
46
52
39
50

37
36
42
52
39
50

133.0

133.0

133.0

37
36
44
52
39
50

38
38
44
52
38
50

38
38
45
53
38
50

133.0

127.0

127.0

131
123
167
127
65

105
87
137
89
59

115
113
138
103
56

130
128
174
109
54

120
123
139
107
78

106
118
128
81
62

4.3
3.2
0.6
0.5

3.8
2.9
0.4
0.5

4.8
3.3
0.7
0.8

4.6
' 3.4
0.7
0.5

5.2
4.1
0.8
0.3

5.1

4.7

4.7

5.2

6.8

38,408
33,724
19, 339
14, 385

41, 296
34,887
18, 275
16, 612

35, 670
31, 995
20, Oil
11, 984

35,768
32, 272
19, 605
12, 667

43, 742
37, 907
21,648
16, 259

32,421
28, 749
16, 947
11,802

41, 523
34,846
19, 359
15, 477

+22.3 +5.3
+17.5 +8.8
+10.4 +11.8
+28.4 +5.1

341, 775
292, 180
171, 622
120, 548

369, 116
324, 014
187, 886
136, 128

+8.0
+10.9
+9.5
+12.9

35, 689
2,114
20, 263
1,442
8,993
325
2,486
180
3,947
167
867
80
801
38

34, 020
2,128
19, 021
1,451
8,834
329
2,358
181
3,807
167
856
80
779
38

34, 436
2,142
19, 395
1,460
8,886
332
2,459
183
3,696
167
831
80
790
38

34,075
2,154
19, 015
1,465
8,713
338
2,493
184
3,854
167
801
80
703
38

35,202
2,172
19, 339
1,471
9,439
345
2,543
189
3,881
167
872
80
799
38

32, 669
2,034
18, 781
1,411
8,178
285
2,329
175
3,381
163
664
67
622
34

32, 079
2,041
18, 129
1,415
8,222
287
2,288
175
3,440
164
686
67
646
33

+3.3
+0.8
+1.7
+0.4
+8.3
+2.1
+2.0
+2.7
+0.7
0.0
+8.9
0.0
+13.7
0.0

+9.7
+6.4
+6.7
+4.0
+14.8
+20.2
+11. 1
+8.0
+12.8
+1.8
+37.1
+19.4
+23.7
+15.2

271, 571

296,664

155, 946

164,955

68,565

76,875

+9.2
+5.8
+12.1

90, 215
25, 101

86, 769
25, 371

88,856
25, 607

82,976
25,793

85,009
25,924

68,189
23,017

68,631
23, 309

7,370
606

7,226
613

7,656
631

7,548
645

7,537
652

6,711
551

6,630
560

9,489
3,282

8,979
3,310

9,210
3,321

8,773
3,335

9,042
3,354

8,417
3,088

8,429
3,118

4,063
547

3,586
556

3,382
561

2,906
563

2,313
566

2,810
498

3,015
504

+2.5
+0.5
-0.1
+1.1
+3.1
+0.6
-20.4
+0.5

982
59

1,071
59

976
60

1,095
60

1,244
61

1,156
57

1,234
57

2,670
251

2,476
269

2,550
276

2,353
275

2,649
274

2,455
239

2,449
240

4,533
2,165

4,412
2,113

4,297
2,050

4,426
2,189

4,622
2,289

4,222
2,109

4,289
2,151

1,131
1,237

1,089
1,210

1,076
1,171

1,084
1,153

1,162
1,171

1,042
1,071

1,076
1,062

9,797
694
6,945
2,993
2,502
278
1,253
88

9,093
697
6,623
3,017
2,314
282
1,408
88

8,327
697
6,783
3,027
2,388
285
1,441
91

8,083
721
6,472
3,039
2,260
287
1,403
91

10,622
735
6,560
3,059
2,412
286
1,423
94

6,582
618
6,303
2,810
2,057
267
1,453
85

8,317
645
6,326
2,840
2,050
267
1,330
87

Factory Labor Turnover °
(Percentages of number on pay roll)
Separations:
Total
per cent
Voluntary quits
_
per cent..
Discharges
per cent..
Layoffs
. _
per cent.
A c c e s s i o n s (including employment and rehires)
per cent

+13.0
+20.6
+14.3
-40.0
+30.8

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 (4 chains)
thous. of dolls__
Total stores operated (4 chains) __ number. _
F. W. Woolworth & Co
thous. of dolls__
Stores operated
number
S. S. Kresge Co .
thous. of dolls _
Stores operated
number
McGrory Stores Corp
thous. of dolls _
Stores operated
number
S. H. Kress & Co
__
thous. of dolls
Stores operated
number
Metropolitan
thous. of dolls
Stores operated
number
F. and W. Grand
thous. of dolls._
Stores operated
number..
Chain stores:
Groceries—
Sales
thous. of dolls
Stores operated _
number
Drug—
Sales
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 (3 chains)
thous. of dolls..
Childs Co., sales
thous. of dolls..
Waldorf System (Inc.),
sales
thous. of dolls. .
Thompson sales
thous. of dolls
Other chain stores:
J. C. Penny Co
thous. of dolls
Stores operated
number
United Cigar Stores Co
thous. of dolls..
Stores operated
number
A. Schulte (Inc.)
thous .of dolls
Stores operated
number
Owl Drug Co
thous. of dolls
Stores operated
number..
1
See table on p. 10 of the October, 1926, issue




for earlier data.

18, 838

21, 715

29, 198

33, 119

5, 316

6,809

+15.3
+13.4
+28.1

5,090

6,693

+31.5

+23.9
+11.2

630,622

771. 303

+22.3

+13.7
+16.4
+7.3
+7.6
-23,3
+12.3
+13.6 +0.8
+1.7 +7.0
+12.6 +8.2
-0.4 +14.2
+4.4 +7.8
+4.6 +6.4
+7.2 +8.0
+1.6 +10.3
+31.4 +27.7
+1.9 +14.0
+1.4 +3.7
+0.7 +7.7
+6.7 +17.7
-0.3 +7.1
+1.4
+7.0
+3.3 +8.0

53,091

66,110

+24.5

71, 268

77,910

+9.3

27,645

29,268

+5.9

8,740

9,224

+5.5

20,618

22, 076

+7.1

36,690
17, 711

39,823
19,164

+8.5
+8.2

9,429
9,551

9,976
10,683

56, 450

73, 107

+5.8
+11.9
+29.5

53, 355

57, 372

+7.5

17, 417

20,139

+15.6

12, 262

12,041

-1.8

47

TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulative* shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

PER CENT INCREASE (+) OR
DECREASE (— )

1925

SepSeptember, tember,
1926,
Septem- 1926,
from
from
ber
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30 '

September

August

2,626
104, 106

1,489
85, 526

1,979
99, 472

26, 426
8,200
1,857

20, 380
6,276
1,244

24,925
5,246
1,488

4 235, 949
4 51, 606
4 12, 329

2,447
895
3,730
724
281
189
83
685
2,442
53

2,552
505
2,999
385
284
57
68
835
2,065
32

1,048
653
2,603
464
426
75
49
312
1,570
42

892
903
2,922
221
1,037
393
69
1,001
1,475
244

4 19, 058
4 7,081
4
31, 100
44,069
4 4, 473
4 2, 431
4 1, 058
4 8, 199
4 16, 609
4 1, 166

4,294
83
4,209

3,758
33
3,073

3,369
44
3,174

2,990
31
2,594

3,844
236
4,697

444,056
4 1, 082
4 30, 632

28,547

28,719

26, 783

26, 714

29,976

25, 085

28, 551

2,985

2,952

3,073

3,003

3,169

2,794

3,002

10,634
83,359

11,276
87,257

9,868
79,733

9,417
77, 674

9,233
58,250

3,109
32, 650

3,214
33, 289

2,970
32, 154

2,892
31, 517

207,018
1,702

192, 591
1,538

167, 635
1,388

165,213
1,367

221, 697
716, 607
149
938,453

May

June

July

2,419
105, 948

1,833
88,052

1,689
91, 763

31,664
5,438
2,510

26, 383
5,904
2,086

2,786
918
4,859
965
555
596
96
1,024
3,174
157

August

1935

1996

17,944
873, 884

20,053
919,848

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

DISTRIBUTION MOVEMENT— Con.
Advertising
2,571
Magazine advertising
thous. of lines..
Newspaper advertising.
thous. of lines.. 117, 035
National advertising in newspapers:
Total
thous. of lines.. 34, 219
6,654
Automobile advertising
thous. of lines..
2,489
Automobile accessories
thous. of lines..
Cigars, cigarettes, and
2,715
tobacco
thous of lines
708
Financial
thous. of lines..
5,016
Food, groceries, beverages.. thous. of lines..
658
Hotels and resorts
thous. of lines..
1,010
Household furniture
thous. of lines..
617
Men's clothing
thous of lines
134
Musical instruments
thous. of lines..
915
Radio and electrical
thous. of lines..
2,948
Railroads and steamships. -thous. of lines..
285
Shoes
thous of lines
Toilet articles and medical
5,084
preparations
thous of lines
204
Women's wear
thous. of lines..
4,782
Miscellaneous
thous. of lines..

+55.5 +32.7
+13.5 +4.7

+11.8
+5.8

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
numberValue
_
thous. of dollsDomestic issued (50 cities)—
Quantity
number..
Value
thous. of dolls..

244,868

262, 248

26, 368

28,306

+7.1
+7.3

9,716
79, 336

4 88, 076
* 606, 895

4 85, 661
4 664, 149

-2.7
+9.4

2,771
29, 075

2,801
29, 456

4 24, 699
4 243, 361

4 25, 020
4259,378

+1.3
+6.6

186, 892
1,419

153, 424
1,425

166,073
1,400

+13,1 +12.5
+3.8 +1.4

198,686
719, 203
157
918,046

184,843
714, 041
157
899, 041

208,631
717,402
118
926, 151

186, 175
691, 227
107
877,509

-7.0
-0.7
-0.7 +3.3
0.0 +46.7
-2.1 +2.5

1,858,252
6,777,283
1,213
8, 636, 748

1,922,867
6, 855, 604
1,530
8,780,001

891,361
53,057

958, 771
40, 882

946, 627
47, 743

994, 920
68,887

897,435
20,033

+5.5
-1.3
+16.8 +138. 3

8, 942, 054
306, 519

9,201,898
423,427

658, 562
194, 315
78, 125
931, 002

595, 929
199, 076
55, 632
850, 637

523, 915
197,277
73,456
794, 648

607, 621
181, 048
126, 885
915, 554

525, 532
175, 114
37, 788
738,434

5,474,047
1, 670, 607
519, 091
7, 663, 745

5, 743, 035
1,875,837
625,352
8,244,224

133, 755
42, 639
4,457
180,851

117, 851
43, 419
4,102
165, 372

118, 023
40,827
3,783
162, 633

109, 737
37, 808
3,682
151, 227

107,367
37,057
3,124
147, 548

-12.1 -0.3
-0.9 +12.7
+32.0 +94.4
-6.6 +7.6
+0.1 +9.9
-6.0 +10.2
-7.8 +21.1
-1.7 +10.2

1,082,608
326,382
38, 623
1,447,611

1,162,867
374, 086
41,967
1,578,920

+3.5
+1.2
+26.1
+1.7
+2.9
+38.1
+4.9
+12.3
+20.5
+7.6
+7.4
+14.6
+8.7
+9.1

+12.2

+5.5

+5.0
+5.6

Wholesale Trade
Delinquent accounts, electrical trade:
Amount
dollars
Number of
firms
number
BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents')
Policies, new (45 companies) :
Ordinary
number of policies.. 236, 209 237, 020
Industrial
number of policies. . 859, 630 743, 137
Group
number of contracts
195
167
Total
number of policies and contracts.. 1,096,034 980,324
Policies and certificates issued:
Total policies and certificates
number.. 1, 135, 654 1,023,867
Group insurance certificates... certificates.. 39, 815
43,710
Amount of new insurance (45 companies) :
Ordinary
thous. of dolls.. 702,309 704,852
Industrial
thous. of dolls.. 235, 207 202,315
Group
_.
..thous. of dolls.. 56,458
69,282
Total insurance..
thous. of dolls. 993,974 976,449
Premium collections (45 companies) :
132, 268
131, 553
Ordinary
thous. of dolls
43, 747
Industrial
thous. of dolls.. 40, 299
4,251
4,206
Group
thous. of dolls
180, 221
Total
thous. of dolls
176, 103
Admitted life insurance assets (41 companies):
9,800
9,882
Grand total
mills, of dolls
Mortgage loans4,181
4,121
Total
mills, of dolls
1,568
1,560
Farm
mills of dolls
2,561
2,613
All other
mills of dolls
Bonds and stocks (book values):
3,865
3,888
Total
mills, of dolls
979
962
Government
mills of dolls
2,104
2,128
Railroad
mills of dolls
672
688
Public utilities
mills, of dolls
110
110
All other
mills of dolls
Policy loans and premium
1,174
1,163
notes
mills, of dolls
639
651
Other admitted assets
mills, of dolls..
Eight months' cumulative, ending Aug. 31.




9,969

10,050

9,039

9,121

4,238
1,572
2,666

4,290
1,577
2,713

3,671
1,510
2,161

3,707
1,513
2,195

3,899
951
2,132
705
111

3,907
948
2,137
710
112

3,680
1,040
1,989
545
106

3,694
1,041
2,001
547
106

1,184
648

1,194
659

1,083
604

1,092
628

48
TREND OF BUSINESS MOVEMENTS—Continued
1926

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, " Survey "

May

June

735, 724
299,463
152,382
116,090
93, 816
73, 973
37, 703

749, 567
289, 847
162, 750
124, 381
96, 540
76,049
44, 634

July

August

September

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

PER CENT INCREASE (+) OR
DECREASE (— )

1925

SepSeptember, tember,
1926,
Septem- 1926, from
ber
from
SepAugust, tember,
1926
1925

1925

1926

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

BANKING AND FINANCE— Continued
Life Insurance— Continued
(Life Insurance Sales Research Rureau)
Sales of ordinary life insurance (81 companies) :
United States total
thous of dolls
Eastern manuf. district.thous. of dolls..
Western manuf. district.thous. of dolls..
Western agric. district— thous. of dolls. .
Southern district
thous of dolls
Far Western district. ..thous. of dolls..
Canada total, 15 companies.thous. of dolls..

702, 129
279, 650
153, 663
110,372
86,758
71, 686
40, 101

649,023
241, 270
145,015
107,434
84,572
70, 732
36, 010

651, 110
250, 691
140,368
105, 099
83, 514
71, 438
31, 724

590, 771
219, 426
127,582
98, 954
80,030
64, 779
33, 543

23, 265
19,847

24, 369
20, 872

20, 219
17, 053
1,195

21, 774
18, 190
1,278

580
1,616
547
2,888
2,237
75.0

633
1,685
624
2,866
2,268
72.5

13, 375
5,471
12, 755

13, 832
5,440
13,046

4
4
4

5,584, 161
2,234, 119
1,209,
745
4
881, 424
4
691,
748
4
557, 125
4
304, 928

+4.1
+2,4
+5.9
+4.0
+4.9
+4.4
+10.3

227, 134
187, 015

251, 934
199, 149

207, 261
159, 533
11,035

217, 054
166, 091
12,058

+10.9
+6.5
+4.7
+4.1
+9.3

5,366, 162
2, 182, 449
1,142,
845
4
847, 840
4
659,
460
4
533, 559
4
276, 488

4
4
4

Banking
Debits to individual accounts:
26,233
27,659
28, 196
25, 618
New York City—
mills, of dolls . 26, 571
20, 755
22, 442
23, 674
21,311
Outside New York City
mills, of dolls.. 21, 426
Bank clearings (United States) :
23, 827
23, 386
24, 195
21, 676
21, 360
New York City
mills, of dolls
17, 472
19, 184
18, 934
17, 966
Outside New York City
mills, of dolls.. 18, 170
1,403
1,411
1,345
1,320
1,376
Bank clearings (Canada)
mills, of dolls..
Federal reserve banks:
515
521
626
717
474
Bills discounted
mills, of dolls
1,673
1,671
1,703
1,697
1,716
Notes in circulation
mills, of dolls
643
645
585
576
581
Total investments
mills, of dolls..
2,999
2, 966
2,937
2,975
2,980
Total reserve
• mills, of dolls
2,282
2,243
2,260
2,261
2,330
Total deposits
mills of dolls
75.3
76.3
74.4
76.0
72.6
Reserve ratio
per cent
Federal reserve member banks:
14, 179
13, 976
14, 135
14, 395
Total loans and discounts.. .mills, of dolls.. 13, 874
5,599
5,705
5,652
5,634
5,681
Total investments.
mills, of dolls
13, 252
12, 961
12, 846
13,003
Net demand deposits
mills, of dolls.. 12, 917
Brokers' loans, end of month:
To New York Stock
Exchange members
thous. of dolls 2, 767, 401 2, 926, 298 2, 997, 760 3, 142, 148 3, 218, 937
By New York F. R. member
banks
thous. of dolls 2, 431, 505 2, 565, 177 2, 602, 042 2, 758, 274 2, 812, 971
Interest rates:
4.59
4.19
4.43
3.97
4.90
New York call loans
per cent
4.31
3.95
4.43
4.00
3.88
Commercial paper 4-6 mos
..per cent..
Discount rate:
4.00
3.50
3.50
3.50
4.00
N. Y. Fd. Res. Bk. 60-90 days. ..per cent..

4.31
4.00

4.56
4.19

3.50

3.50

-2.3 +5.1
+2.7 +2.1
-1.5 -1.9
+2.8 -1.2
-1.9 +3.3
+14.5 +13.3
+0.8 +1.8
+0.9 -6.9
+2.5
-1.0
+2.1 +2.7
-2.4
+0.1
+1.5 +4.1
+0.6 +3.6
+0.3 -0.3
+2.4
+2.0
+6.8 +7.5
+2.8 +5.7
0.0 +14.3

.

Savings Deposits
New York State savings
banks

thous. of dolls 3, 667, 580 3, 726, 826 3, 721, 746 3, 729, 404 3,776,911 3, 502, 526 3, 487, 629

+1.3

+8.3

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

-0.4 -4.6
-4.6
-0.3
-1.4 -22. 9
+7.3 +9.0
443, 572
423, 493
+198. 8 +12.6 2, 830, 369 3, 058, 574
330; 851 +14.0 -12.2 '2, 606, 668 2, 568, 265
4,827
+0.9 +1.6
42.17
+0.8 +0.4

19, 803
mills, of dolls
20, 063
mills, of dolls
5,359
mills, of dolls .
thous . of dolls _ . 42, 707
183, 520
thous. of dolls

19, 384
19, 643
4,944
47, 261
651, 639

19, 357
19, 613
£,917
49, 352
236, 020

19, 281
19, 534
4,841
51, 815
192, 954

19,211
19, 473
4,771
55, 596
576, 528

20, 166
20, 447
6,208
49, 114
212,915

thous. of dolls

250, 869

362, 203

222, 095

254, 802

290,465

214, 208

4,871
42.21

4,835
41.85

4,858
42.01

4,864
42.02

4,906
42.34

4,784
41.84

29,408

29, 680

28, 130

29,990

37, 159

10, 092
15, 525
3,791
8
30, 309
72

11, 167
14, 614
3,898

12, 516
14, 096
1,519

22, 339
13, 460
1,360

3,328

1,494

10, 093
11, 243
8,654
• 73, 651
1,298

1,708

1,605

1,593

1,437

1,513

1,465

435
1,160
113
5115
150

396
1,122
87

449
1,071
73

365
1,069
79
111

388
1,015
62
M6
141

320, 170

427, 225

mills, of dolls
dollars. _^

20, 143
20, 418
6,186
51,017
512, 072

+4.7
+8.1
-1.5

Business Failures
Liabilities (United States):
Total commercial
thous. of dolls _ 33, 543
Manufacturing
establishments
thous. of dolls.. 16, 157
Trade extablishments.. thous. of dolls. _ 15, 710
1,676
Agents and brokers
thous. of dolls __
Banks
thous. of dolls
1,770
Liabilities (Canada)
thous. of dolls..
Firms (United States) :
1,730
Total commercial-number. _
Manufacturing
437
establishments
number. _
Trade establishments. _
.number. . 1,216
77
Agents and brokers _
.number _
Banks
number
158
Firms (Canada)
number

m~

141

374
958
105
»169
142

341, 350
234, 635
Grand total
thous. of dolls
491,915
Dividend payments:
121, 415
71, 250
87, 135
Total
thous. of dolls
62, 215
Indus, and misc. corp.. thous. of dolls.. 41, 550
47,950
31, 900
33,500
Steam railroads
thous. of dolls. _ 24, 575
5,125
11, 600
5,685
Street railways
.thous. of dolls..
1

Eight months' cumulative, ending Aug. 31.


321, 542

447, 500

72, 800
47, 050
18, 500.
6,250

106, 650
68,300
27, 050
11,300

967

30, 687

+6.6

-2.3

-12.9

341, 750

297, 698

8,167 -19.4
+23.6
14,990
-20.2 -25.0
+469.
7
+14.9
7,530
8
11, 613 +143. 0 +534. 2
1,895 -13.1 -31.5

129, 496
162, 297
54, 957
98,398
26, 837

113, 537
150, 734
33, 429
129, 854
20, 147

-9.8 -1.9
-16.7
-3.6
-10.6
-5.6
+43.8 +69.4
+47.0 +267. 4
+0.7 +0.7

16,083

-12.3
-7.1
-39.2
+32.0
-24.9
16, 111
+0.2

3,750
11, 597
736
301
1,552

4,011
11,307
793
378
1,524

+7.0
-2.5
+7.7
+25.6
-1.8

3,453,060

3, 661, 854

+6.0+4.5
+3.&
+4.6

Dividend and Interest Payments
(For the following month)
+39.2

+4.7

+46.5 +3.6
+45.2 +2.9
+46.2 +4.4
+80.8 +6.1
5
Quarter ending in month indicated.
68, 920
45, 300
17, 250
5,375

102, 925
66,375
25, 900
10, 650

921, 180
508, 950
265,935
80. 825

962, 460
528, 335
278, 165
87. 545

+8. a

49
TREND OF BUSINESS MOVEMENTS—Continued
1996

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August, 1926, " Survey "

May

June

July

PEE CENT INCREASE (+) OR
DECREASE (-)

1935

August

September

August

September

SepSepMember, tember,
1926,
1926,
from
from
SepAugust, tember,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

1925

1926

Per

cent
increase
( }
or tdecrease
(-)
cumulative
1926
from
1925

BANKING AND FINANCB-Continued
New Security Issues
Foreign governments
thous. of dolls
'Total corporation (Commercial and Financial
Chronicle)
...thous. of dolls..
Purpose of issueNew capital
thous. of dolls..
Refunding
thous. of dolls..
Kinds of issue—
Stocks
thous. of dolls..
Bonds and notes
thous. of dolls..
Class of industry—
Railroads
thous of dolls
Public utilities.
thous. of dolls. _
Industrials
thous of dolls
Oil
thous. of dolls
Land and buildings
thous. of dolls. _
Shipping and misc
thous. of dolls..
Bond issues (Canada):
Govt and provincial
thous of dolls
Municipal
thous of dolls
Corporation
thous. of dolls
Total corporation '(Journal of
Commerce)
_
thous. of dolls. _
States and municipalities:
Permanent loans
thous. of dolls _
Temporary loans
thous. of dolls
New incorporations
thous. of dolls

42,000

27,600

12, 520

34,000

74,900

8,700

61, 800 +120. 3

+21.2

467, 631

324, g92

-30.6

453, 868

472, 402

474, 383

243, 450

328, 705

240, 987

310, 688

+35.0

+5.8

3, 472, 207

2, 924, 531

-15.8

441, 631
12, 237

379, 039
93, 363

414, 635
59,748

176, 155
67, 295

283, 231
45, 474

211, 750
29, 237

294, 309
16, 379

+60.8 -3.8
-32.4 +177. 6

2, 959, 263
512, 942

3,496,375
528, 157

+18.2
+3.0

196, 423
257, 445

57, 196
415, 206

101, 036
373, 348

46,507
196, 943

48, 327
280,379

64, 370
176, 617

74, 634
236, 053

+3.9 -35.2
+42.4 +18.8

888, 183
2, 594, 023

960, 406
2, 964, 129

+8.1
+14.3

17, 925
274, 824
51, 178
3,500
50,481
55, 710

40, 376
215, 876
76, 744
2,050
94, 744
42, 362

40, 775
211,829
91, 801
6,500
82, 893
40, 585

15,085
69, 434
66, 035
10,500
52, 628
29,618

61, 706
45, 930
114, 938
None.
48, 537
57, 595

19, 245
111, 539
39, 178
14,547
36, 994
18, 684

13, 684
131,081
43, 062
20,400
54,960
47,500

+309. 1 +350.9
-33.9 -65.0
+74.1 +166,9

444, 457
1, 311, 853
645, 627
238, 782
526, 647
269, 331

339, 402
1, 528, 155
860, 451
187, 537
538, 965
434, 560

-23.6
+16.5
+33.3
-21.5
+2.3
+61.3

25, 000
6,643
2,100

21, 943
3,342
34,005

5,250
4,950
48,005

None.
1,051
11, 949

None.
1,534
None.

155, 100
2,496
7,550

< 87, 742
* 34, 931
< 115, 417

* 167, 393
* 38, 085
* 174, 209

+90.8
+9.0
+50.9

253, 742

278, 280

269, 140

154, 582

277, 210

191, 121

234, 093

+79.3 +18.4

2, 738, 554

2, 870, 922

+4.8

141, 006
35, 533
867, 366

145, 660
58, 335
757, 355

91, 976
51, 831
454, 865

69, 542
38, 055
505, 770

119, 259
13, 248
580, 387

87, 496
46, 040
972, 735

121, 428
76, 118
572, 751

+71.5
-65.2
+14.8

-1.8
-82.6
+1.3

1, 082, 133
591, 038
7, 033, 639

1, 025, 885
495, 741
8, 641, 460

-5.2
-16.1
+22.9

-0.9
-0.6

-3.7
-3.0

-7.8 -11.7
+94.5 +21.3

Corporation Stockholders
Pennsylvania Railroad Co.:
Domestic
number..
Foreign
number
TJ. S. Steel Corp. common stock:
Domestic
number
Foreign
number
Shares held by brokers
per ct. of total..
American Telephone & Telegraph Co.:
Domestic
number
Foreign
number

5 141, 365
6 2, 909

5 140, 153
» 2, 892

5 145, 583
6 2, 981

5 92, 031
« 1, 618
6 24. 10

s 84, 287
« 1/572
5 29. 01

s 90, 651
6 1, 526
5 25. 39

-8.4
7.0
-2.8 +3.0
+20.4 +14.3

5 368, 410
« 4, 557

« 385, 907
5 4, 937

5 355, 895
6 4, 102

+4.7 +8.4
+8.3 +20.4

Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks thous.
Joint-stock land banks
thous.
Federal intermediate credit
banks
thous
War finance corporation thous.

of dolls. .1, 038, 385 1, 043, 955 1, 048, 275 1, 053, 336 1, 057, 217
of dolls_. 594, 028 600, 150 605, 718 610, 794 614, 639
of dolls
of dolls

78,554
11, 870

985, 160
513, 994

989, 960
519, 237

+0.4
+0.6

6.8
+18.4

76, 450
11, 188

71, 139
10, 803

78, 083
10,504

78, 490
9,629

57, 886
26, 741

64, 318
24, 688

+0.5 +22.0
-8.3 -61.0

155. 81
92.37
111.50

163.01
93.77
112. 75

172. 22
96.14
115. 64

172. 26
99.43

158. 16
83.63
112. 71

162. 83
84.73
115. 71

0.0 +5.8
+3.4 +17.3

Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share.. 146. 95
88.04
25 railroads, average
dolls, per share
108. 13
103 stocks average
dolls per share
Southern cotton mill
stocks
dolls, per share
115. 04
Stock sales:
N. Y. Stock Exchange
thous. of dolls__ 23, 188
Bond sales:
Miscellaneous
thous. of dolls__ 226, 854
Liberty- Victory
thous. of dolls
20, 857
Total
thous of dolls
247, 711
Bond prices:
89.99
Highest-grade rails.p. ct. of par, 4% bond__
Second-grade rails p. ct. of par, 4% bond
81.97
74.24
Public utility
p ct of par, 4% bond
Industrial
p. ct. of par, 4% bond
78.15
Comb, price index.. p. ct. of par, 4% bond__
80.68

113. 84

110. 58

110. 33

110. 68

114.24

114. 42

+0.3

-3.3

37, 990

36, 732

44,189

36, 904

32, 865

36, 886

-16.5

0.0

311, 932

329, 889

+5.8

250, 875
26, 452
277, 327

221, 926
20, 052
241, 978

203, 543
11, 906
215, 449

175,594
14, 060
189, 654

219, 278
22, 143
241, 421

242, 657
21, 066
263, 723

-13. 7 -27.6
+18.1 -33.3
-12.0 -28.1

2,370,534
272, 589
2, 643, 123

2, 076, 279
196, 999
2, 273, 287

-12.4
-27.7
-14.0

89.59
82.20
74.89
78.08
80.82

89.11
81.53
75.14
77.79
80.56

89.23
81.20
74.78
78.09
80.48

89.36
81.23
74.67
77.82
80.42

86.00
75.99
70.66
74.27
76.34

86.54
76.91
70.95
74.92
76.92

102. 95
102. 74
5 Liberty bonds
p, ct. of par__ 102. 78
16 foreign governments and
103. 31
103. 40
102. 83
city..
p. ct. of par__
99.42
Comb. price index, 66 bonds _p. ct. of par99.43
99.15
4.11
4.10
4.12
Municipal bond yield
per cent
Long-term real estate bonds issued:
82, 985
Grand total _
thous. of dolls
49, 754
69, 408
Purpose of issue18, 239
40,945
Finance construction. ..thous. of dolls. _
43, 660
7,425
18, 125
Real estate mortgage. .. thous. of dolls. _ 12, 615
Acquisitions and
13, 180
3,138
improvements
thous. of dolls.. 15, 480
Kind of structureOffice and other
29,191
34,295
commercial
thous. of dolls
22,640
16,505
29, 345
Hotels
thous. of dolls
4,833
7,035
8,850
7,875
Apartments
thous. of dolls__
4
Eight months' cumulative, ending Aug. 31.

102. 56

102. 46

101. 40

103. 61
99.08
4.12

4.16

103.81
97.71
4.15

104.00
97.55
4.21

+1.0

-1.2

48,220

42, 606

36, 428

51, 808

-11.6

-17.8

481, 262

480, 821

-0.1

18, 845
18, 760

27, 700
7,021

21, 180
11,515

16, 350
13, 330

+47.0 +69.4
-62.6 +47.3

280, 617
102, 175

266, 567
95, 609

-5.0
-6.4

8,000

2, 385

650

13, 068

-70.2

55, 378

59, 770

+7.9

8,915
8,960
7,070

21,350
1, 630
4,270

179, 144
84,953
69, 097

201, 186
87, 573
62, 191

+12. 3
+3.1
-10.0

+0.1
0.0
-0.1
-0.3
-0.1

+3.3
+5.6
+5.2
+3.9
+4.6

(For 1st of following month}




10, 175
11,270
5,705
8, 755
6,970
7,025
s Quarter ending in

-81.7

+139.5- +89,4
-81.8 -81,4
-39.6 -39. 2
month indicated.

50

TREND OF BUSINESS MOVEMENTS—Continued
1936

The cumulatives shown are through
September except where otherwise
noted. Earlier data for items shown
here may be found on pages 22 to 151
of the August , 1926, " Survey "

GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces..
Hand output
.thous. of ounces..
Imports...
_
thous. of dolls.
Exports
thous. of dolls
Silver:
Production
thous. of fine oz
Imports
thous. of dolls
Exports
_
thous. of dolls..
Price at New York
dolls, per fine oz_.
FOREIGN EXCHANGE RATES
Europe:
England
dolls. per£ sterling..
France
dolls, per franc. _
Italy...
dolls, per lire-Belgium
dolls, per franc..
Netherlands
dolls, per guilder..
Sweden
.dolls, per krone-Switzerland
dolls, per franc._
Asia:
Japan
dolls, per yen..
India
dolls, per rupee..
Americas:
Canada
dolls, per Canadian doll..
Argentina
dolls, per gold peso..
Brazil
dolls, per milreis..
Chile
dolls, per paper peso..
U. S. FOREIGN TRADE
Imports
Grand total .
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 America—
Total
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..
Foodstuffs, crude, and
food animals
thous. of dolls
Manufactured foodstuffs... thous. of dolls..
Semimanufactures
thous . of dolls . _
Finished manufactures
thous. of dolls..
Exports
Grand total, including
reexports
thous. of dolls..
By grand divisions:
Europe —
Total
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):
All commodities
.index number..
All commodities except
cotton .
.
index number..
CANADIAN FOREIGN TRADE
Total trade:
Imports
thous. of dolls..
Exports.. _„
...
thous. of dolls..
4 Eight months' cumulative, ending Aug. 31.




PER CENT INCREASE (+) OR
DECREASE (— )

1925

September

September,
Septem- 1926,
from
ber
August,
1926

May

June

July

69,699
849
2,935
9,343

68, 261
852
18, 890
3,346

82, 696
860
19, 820
5,069

97,426
843
11,979
29, 743

111, 657
839
15, 933
23,081

87, 490
808
4,862
2,136

78,329
797
4,128
«,784

5,066
4,872
7,931
.651

5,211
5,628
7,978
.655

4,673
6,949
7,921
.648

5,270
5,988
8,041
.624

4,995
7,204
7,238
.606

4,934
7,273
8,285
' .702

4.86
.032
.039
.031
.402
.268
.194

4.87
.029
.037
.030
.402
.268
.194

4.86
.025
.034
.024
.402
.268
.194

4.86
.028
.033
.028
.401
.268
.193

4.85
.029
.037
.027
.401
.268
.193

.470
.363

.469
.363

.471
.363

.478
.364

1.001
.913
.147
.120

1.001
.917
.155
.120

1.001
.921
.156
.121

321,029

336, 980

89, 461
8,771
14, 413
7,420
24,401

August

August

September,
1926,
from
September,
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER 30

Per
cent
increase
(+)
or decrease
(-)
cumulative
1926
from
1925

1925

1996

+14.6 +42.5
-0.5 +5.3
+33.0 +286.0
-22.4 +240. 2

727, 135
7,207
59,861
204,272

723,402
7,430
170, 853
99,629

-0.5
+3.1
+185. 4
-51.2

4,845
4,504
7,487
.716

-5.2 +3.1
+20.3 +59.9
-10.0 -3.3
-2.9 -15.4

46,905
49, 198
74, 637

45,545
56,128
72,569

-2.9
+14.1
-2.8

4.86
.047
.037
.045
.402
.269
.194

4.85
.047
.041
.044
.402
.268
.193

0.0
-0.2
+3.6 -38.3
-9.8
+12.1
-3.6 -38.6
0.0 -0.2
0.0
0.0
0.0
0.0

.484
.366

.410
.366

.408
.366

+1.3 +18.6
0 3 -0.8

1.001
.920
.154
.121

1.001
.922
.152
.121

1.000
.917
.121
.119

1.000
.917
.135
.120

0.0 +0.1
+0.2 +0.5
-1.3 +12.6
0.0 +0.8

339, 233

336, 605

345,000

340, 086

349, 954

3,079,445

3,325,178

+8.0

104, 597
10, 074
15,100
7,924
31, 591

95,238
10, 193
15, 416
6,735
27, 344

105, 993
12, 069
18, 311
7,084
27, 346

100, 529
14, 295
13,770
6,046
32,286

100, 370
12, 843
15, 067
6,724
31, 288

4 788, 250
* 99, 374
* 96, 395
* 67, 030
4 264, 351

4 833, 744
4 92, 117
4131,278
461,088
4252,981

+5.8
-7.3
+36.2
-8.9
-4.3

79,048
35, 144

88, 134
41, 607

78, 894
39,880

79, 798
38, 902

71,913
36, 550

76, 548
37,356

* 667, 753
* 284, 376

4 674, 945
4 307, 571

+1.1
+8.2

37,542
6,933

40, 390
7,365

41,056
5,092

44,858
4,835

41, 962
5,152

44, 321
5,603

* 344, 445
4 56, 705

4 384, 179
4 62, 019

+11.5
+9.4

110,238
24, 810
4,740

96, 527
21, 137
7,332

117, 324
35, 532
6,721

101, 089
37, 387
4,867

119, 114
35, 729
6,567

123,239
47,970
5,526

4 863, 721 4 1, 012, 972
4 220, 689 4 247, 660
4 74, 338
4 65, 322

+17.3
+12.2
+13.8

128, 109

122, 537

131, 215

124, 399

142,386

142, 198

41,098,683 41,244,523

+13.3

35,908
32,931
61, 059
63,022

43, 040
36, 025
64,332
71,046

42, 209
29,312
65, 775
70, 721

42, 081
30, 550
63,987
75,588

36, 948
29, 783
65, 304
65, 665

45,247
33, 110
58, 021
65, 370

4 310, 774
* 308, 851
4501,758
4 509, 417

4 352, 204
4 273, 044
* 544, 444
4 565, 961

+13.3
-11.6
+8.5
+11.1

356, 621

338,419

368, 359

385, 621

379, 823

420,360

3, 503, 163

3,411,425

-2.6

145,477
19,084
21, 202
11,801
65,500

144, 393
14, 802
20, 170
10, 661
62,647

166, 123
12, 769
20, 395
12,201
77,446

186,961
14, 898
28,844
10, 817
73,496

180, 856
18, 225
34, 116
11, 601
63,084

228, 379
20,545
52, 117
12, 793
90,334

1,607,556 4 1,354,821
4 167, 976 4 158, 932
4 286, 558 4 180, 775
4 140, 709
4 99, 756
4 598, 586 4565,637

-15.7
54
-36.9
-29.1
-5.5

110, 873
75, 735

98,642
64,989

101,912
66, 101

101,640
69, 118

101, 362
60,770

102,819
63,338

4 751, 714
4426,903

4 780, 274
4 488, 548

+3,8
+14.4

35, 342
10,643

30, 126
9,770

37,299
11,464

34,290
11, 725

38, 125
14, 392

29,006
9,661

4263,943
4 96, 855

4 282, 691
4 92, 181

+7.1
-18

57,483
18, 753
7,447
348, 079

57,490
16,895
6,768
328, 728

54,400
17, 805
8,625
360,494

53, 654
14, 256
9,076
379,496

50, 790
13,272
8,690
372,457

53, 107
18, 012
7,008
412, 698

4 402, 833 4477,921
4 153, 391
4121,047
4 64, 718
4 56, 757
4 3,028,291 4 2,894,873

+18.6
+26.7
+14.0
-4.4

67,383

63,245

72,093

76,677

71,830

131, 579

4 646, 177

-14.1

25, 155
34,053
50,707
170, 781

21,088
34, 237
54,986
155, 172

33,908
35, 418
53, 145
165,930

49,932
42,936
53, 207
156, 744

28,562
47, 516
52, 145
172,404

34, 179
52,659
50,058
143,470

4 223, 278 4188,291
4370,428 4314,965
4 455, 106 4 423, 245
4 1,224,104 4 1,322,195

-15.7
-15.0
-7.0
+8.0

450,000

I

81

71

82

104

82

128

113

104

126

171

137

158

86,052
93,095

91, 513
119,399

88,605
111,595

89, 670
91,663

82,074
112,414

78,663
109,574

O

86,563
93, 327

+2.5

+16.7

-1.4

+7.1

4752,374

-4.6
+1.8

+8.8
-14.8

657, 191
820,822

750,783
858,485

+14.2
+4.6







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DEPARTMENT OF COMMERCE
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"

FUNCTIONS of smmps
BttfeEAU Of FISHERIES
[Eirf&T 0'J5$ ALLEY, Commissioner
agrf,
Tlie njcopagatio.n arid distribution of food
fish
,
;
culturei manufactures* i&iiies and: 'quarries, and forest products
Invest%atiOnfi tb promote conservation of fishery fekoiircet,
V JBecentniaJ repotl on w^Itfct public debt, and ta£ationf iriclud- ihi devejoptne^nt & csommetcial fisheries, asOd'aqulcuiture,
>ing |)fin«lpal ^ flnaa^Jat >faifstie8 on Ifeder^l,. State, punty, city,,
Stu iy of fishery^ .methods, impi:oyements in merchandising
tofrnfrhip g$V^nm^$s,y ^ ' •,;> ?
' ^\ ,
and limitation of waste and the collection of flshery *tatisticar.
and
municipal
g0vem*
*•' Administration of Alaska fisheries and fuf seals ,an<i the laifr
s
------- i-'*-' J^L* x^~_ 1---S^_
on the-i>^teetwaof sponges off, the coast of
ibibates of ins$tutions, injifvenite de&nquwts.,-•<
ecenn|aI year, a Biennial
A
iqmnquen£ial , census of el€^triea!
, Commissioner 1
'
(Jivbrci.
ojP Jighttiouses and ottiei'laWs |& navigation
markfeg
waters of the ..IJeitefr States. »f . ? * , ;
blication of
of L
Light
Buoy Lists and Hotfeeis
Notices 1o
to
h t Lists, BubyiLisfe
jgiv|nginf0rmfrtion r^gardiag these:a/dis to navigation, i,
.juthe'
and industrial Aft
'

.

<

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gs for Anieric
commercial attaches,

j

Th :m^inteimnc0
agents for
aiion"of weekly
>
$^e publication, of
stuiiy of

to^itu) circulars, tbe
berional cottiaeti
technical , and
^port i
Qf possible buyers
fti
l^c saleaoj^portu
ftad Cooperative omces in
0 4^iv,ery of mark^ to^^
statistics on imports and
tic trade
"

JONES, Director
,
yof tie leasts of s the
Of the charts needed for tb,e navigat*^ of ibe adjacent
induing AJ^a,;the P^ilic^ine Islaatfs. Haw^^ Porto
tb% ^r«i%l3^s,^rid the Canal Zone. ^\; \
:
A ^eode^c iysf ei» covers the coun|ry^%€:fodrdksatef ttT
df the Coasts and furnishes a^eura^ly de
6in%;Sn4 elevations. The$e are .ayEliable for I
te^ and other surveys and engineering' projects^ "i
tes^l^s are for use of surveyors aed engineers
rouiouil; all parts of t^£ country.
. ^ , t
The; wptk df xllie .bureau includes base mlfesu^esr iarmngulation, precise; levghng/.laMtude, longitude, ,%affiputh &&&
aetic observations" and researches, magnetic maps, ^r
topography * hyctro'g^ph^ tide, and current observations.'
M
The results axe published in, the form of J< charts,
annual
(
r
report®, coast, pilots; tide tables, curirebt Jfabl^ digesti of
pubHcations and special publications.
,

^ -" , '• plMEAU OF NAVIG^'RO^ ' " \- " ^- :
, -'Director ,- , * ^ , , /, /:
^ P. B, ,CAftsqK, Commissioner x
* ^
,
;\^ standards of
^up^rfe^endence; of commercial mafiaea^ii Q|»fc^nan1i«eameb.
practteej cbniparliotir of
, Supervision . of ^registering, enrolling, licehis&g,, • tonibertng,
^ ot%r institutions^ ,; ! , ; ,6f vessfls under the United States |lagf; a^d ^he annuai
alid .prdpet^ie^ ol .etc:,
pilblleation of $t tist> of 'Such vessels. •'
,
\C
' '
»v
'''}/•*' IS Vi" ' -/.-- s ^The enforeeniefeti of the .navigation and istfjanjboat inspection
k^e^
la^s and the laws,
governing radio <5omm«nya^idn, a^ wejl as:
7
^
f
e
, duties ^oh^ebted wits fees, fuies, tonnage taxes,^ ret tmdsf etc;>
J
originating Bunder inch laws*
/
' T
of
construe tipn\of houses^
cpnlmercia!; pmctices through
business orgasi^tions. <
\^ '
.
, Supervising Inspector
^
u plitbjttisfecHS^fi^t
serie;& of scientific and fehntjeal
re^dftinjg/tife re$uJ^of its jreseareiea, and ^giving
*fhe inspection of vessels, the licensing: of tl^e
olBBcers of vesf undamen^ll to science and Industry. ,
'
sels, and the aijniiriistration of laws relating to1 wch ^essek and
^isioa of the preparatidn of
Thei ^director
their officers. /The certificatton <of able seamen and
ii(eboat
ed^ral SpeeifieaMons
^^
t men who form the erews of merchant vess^ais,
] ':: * " " " " ' , \
*' Thef inspection of vesselsj including the iype^ of toilers; t^e
.testing of all inaterials subject to tensile strain i& marine boilersr«
\tJhe. inspection of hillls ana of life*sayin^ equipment. /
>
The feavestigatk>n o,f Violations of .steaMioat inspection law*.
preparjaMoii ,
a 8view, to increase ^f safe
,of
mineral ;iadustrfes, including
beajta aad efiicleacy Ja?,
|ty^ ntethpds* and <ff impr
of mine hassa-rds a&f
<EofiKRT«oKf Comuifesibiiejr ;, .
use of petroleum, natural
ih^the
$uperyisiori of t&e granting of |>^a1a a^dttie registration of
trade-marks, prints and labels, including technical examination
qeis purchilself
% tiie CrOveraiQent ^nd
f
>• " *
, - , " . "^ ° » ^ , ^,
aint^ance-of librae with publie search rootri| containing
es.of ajft piiblishedj foreign paten ^ &ir\welKs8 Wai^d
,
,
;7 Stupes 6Q4H? i§p^f^c4J,jatld marketing ,of pii^etala and Btates ^tents and trad^Jo^rks- M^ifttaina, recording 0ffiiee^;a,
collection of statistics on mineral resources and mme accidents. bills of sale, assignments, etc., relating to patents and tradecopies of all records pertaining to patents.
^flbe MssemlaatlbB of4|fefibrts ,of techjai^al aiad ^unomi0 marks. f!urhi|lies
Publication vol $he ^ Official Odette M weekly:,
researches fa feutte^tits/^Wtoteai .papets, mineral resources
Ifec
patents and trade-marks issued.
\
'
series, miners' circulars, and miscellaneous publications.



':

ATES PATENT OFFICE