Full text of Survey of Current Business : November 1926
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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 PUBLICATIONS OF DEPARTMENT OF GQMIVIER0je ^ : \ Kecent publications fcf the Department of (Sommere^ hayiiig the most direct interest ^o readers of the SctoEY OF - BUSINESS &re listed below*. A complete Jist niay;be obtained by Addressing the Division of. Pufiji6ati^s, JDeparlnieii; : meice, at Washington. Copies of the publication^ naay bepurehased from the Superintendent pf OdeumeSts, Government Pr^nti ; \, -\ " ; , s Office, Washington, at the price stated. li no price is mentioned,t(the publications are distributed, free. T 1 ': ' - '" ( • -, " - -. . ' C * v - ' '-'" ' '" " flTT'Op1 ATI fYR1 1^irr1^1'' ^xfcsn/rO*VTT~OI H-" ^ "'"' / ^' ' -**' J^ ' - > . \ * , ,, . . , , C^or inforination cojiceraing pl&fc-df pubtic$tioa am<J 4istril>iitioitof eemsuS pul? cations, Address the Birecier loathe .Censtis.) - ^ "-' ' ., •* ^ , ,, /.« ;5iarfi*ige^ and ;rBiWrce» i924;^Afcnual "report ^ fDumber &ji inarriages, and divorces (with causes}? by.jS a ? e s ^ 4 es ; price ' ' ' , , x : '-'-" * r __ T __ ^_ -,T-o—.—-^--^ f925.-rrptaw , bfiUetin^ ^^_, county statistics' coneerianig farms- and tari^i 'property/' - . >v iii»k ^.l-^vw.'l* ^"4-^ ' ' \lfZ^. J.~~^i^" -CO, «^-^',t-^^ -C*Jt^~ r»f\'J. ."r*4^U-s.%. . » - '- '* " "'" "" '"-^ ' " 1 "*''*'" \'u " '"">•"- - Hr»irT1!r»i^ A 1-*>'r ^TVTC* - ^t*n A^rtirfc,* Wwrt * '- "... ~ -* •" , , Simplified^ Practfee No; 48; Shovels, Spades, and Scoops.—ii ^ H ^a'ges, ; ^Price, 9$. " Rules for ;ai(id aadb^Q^^Series No/8f fl , Irhis; is pab 4 of tkefowrtti ' ,V^' ^ Ccf$iis on Length of ;t>y lewis t r^ jj^, >j X-JCT, ~ ^»7f » < ^ "^ ^— SZT*"*-^*^, jf^%~"r~^ £wy«""'i~~-«<»» cribes experiments to test the "strerig$(i;; of * £netjl 4af •ic^e, r '•* '' * '"^ "" "" , *C "1" t V '^'V • ^Sf^ - J * ' <•> ^ri " ^ ' "" Use oj ?r<iiMi. |^ Curtatetfl" 'Psir*•^"•'^ *^'--^ <'^-^i^' -'K'* "fcTpirjii^.-jeti^iry. v -m.«ux, pi^vl r VJteOrgj^ , W . ^ <From ..^ v Inr , . Statistics -s&f :-^ lii^n^iry statistics fr^m, %he 1915 import, for r , " , a;ss&ssed valuation and tax levies, ^v^n^es^ indebtedne^ OF FOREIGN ND Sninmary ^frFofelgii Commerce 0f |he States, lug«s^ 1926.—par$* I an<ylI.L JPart I corfaiii , $%& M exports of domesti^ ^inerehsindise, .and imports b^a for ^Jt^ust, 1925 and $9?6^and f or:$ ittpmths ended A 54025 a^ad 1926. Part tlf contains Summaries of export import^ ^trade^ monthly ^y^age' iinport and export \pr v ^&M£ti<;s o^f tr^de Vith Alask^,, Hawaii ,^nd Porto jRlcct. S .copies, Fart:I, JO^; P^rt IIf ^. AncDual subseri|>iio%$l % Standard Specifications for Quenched and Tempered Carbon * fes, .Shafts^ an^ ^fix^f Forgings .far L^iti0ti ndustiiai Standards Ho. 12; Berial desigiaatiDQ sr 2 Illustrations,- EeVised, ISSl* -Sp prepared in cooperati,btf wilfe tlie Bureau fe merican Action of I^ter-AiaeribaB High X)0innilSjgi^n* W, '* \— , ; ' ^;-- ^ ' " " ' * Stan -for" Steam-railway Servie^-f-rindttstrill Standards ,rN<>.. ^ ; Aerial designation A^24:; J9k pages^.B illustrations. Eev| 4 ~ W? ^ B^anisH-En^lkh. edition prejkr^d in copperatioa wfth ^th,e fiu^ea;u, of Standards and Aniertcan s^stitm of In$eir-Anaefi-..-.can HJ^h CJ^mmissioii. '•> Price ^»'^v , ", ,-'v > " " ^ - '--j ./^*'%:;: ^ Sli«3ard -fenecificatrons for Staybalt, BBgine-bolt, alirf Extra^refixied Wrongki-iron Bars^^Industfial Standards cHor 04; serial designation A84-24; 16 pajg^l Spamsh-tEngMs$_ edition |*repared in^cooperatiori, with the, Bureau of afid American section of > ; LileJ-Anierican Higb Go ,rPric0, 5$. ^ * -T- ' , "^ ' A' • - ^ ^ , Foreign Trade of HlletJnlted: States In Caleitdar Tear accor^iing^tt) ihe Inteiaiatio&al SfatisticaX Classification. . 'Trade; , r Information Bulletin ^No, 437; ii 4-9 pages. Price, W£. Commercial Use of Natieiial Flags and Pubyc Insignia^ b^ j Bernard A» Kosicki. Trade Information Biill^Mn «3No. 43B; li+ 44 |>ages. This, is a. conipilatfbn-bf the Federal and State ^ l$W3 regardi tig the use, of national flags and insignia in com-* , merce, wth a "synopsis of foreign laws on this subject. Price, f • ' " - ' " ' ' ' ' ' of Tr^nsjpiortation a|ftf, Handling of Arge^ne Hs^okt It* 'Brown, Ameri«aui yicevconsul, tod, BrifeM. - Ainerican, trade commissioner. Trade Information li K<>. 4^9; « 4-11 pMes. Price 10^. A,., ' Markets df ^fentral CW*^ % Ralia §: SiaJth. Trade , pbysti^l eharactcfHstics and econqin^ eonditiom of ceirfral Chite and the kinds of &rtieles imported;. Price^ Wfi. ** ;ng For^eign JMarlteis.^-8 pa^ges^ This ^mall s^ the.actMtiesiol the ^eatlle iistriot ofilee. of Mitae^ p^ges, 2 illustmtK)ms._:^Cfe!t|ltetm safety label servic^ qt fEe ^Ipes Bur^u Petroleum in ISl States, 1924, Pt:;I te.pulaSc^ ^%ti are shown ite producMonr r prices of ,pet>oleum in .the .United, States and ^nd trade ^tfeie WferldT - "Pdce,, l^ V Mineral Resources of ^.tlte tliift44; States, repdrts.on mineral ffesQuf^es are l^suM.iir thd fofin :of , Jaulletiss, of whiok file follp^ng liaVe-bfeiivrel^ed sihee the airnouseenient '-anif rtay be oMaia^d at %he price ':^ ^ ^ ' \ - : v*v . ^ - ^ - ' . " '' T -•>- -' '"•'•--?< Price;, t . , - Bauxite\and Aluminum in J92l (Pi "I; .pp. 17-2^.) ce/^ ^^ , > '?;- ^r " ' ' v 7 ,- - 1,. c ,^;^ ^and, ^nd io, v JFisherie^ of by Jp^ctikneni Hoi 1006. (Appendix SijBiiii pais^ioner of FisJ^rles f or^l]92% pp, B7~64i 2 mapsij sij TOi _ vv the fishing $,nd, «a,fiBfiBg Mca^tion* gives an account _of BfiBg mdH of Siberia. A;bibfidgta|)rhy,ia bfidgta|)rhy,ia in-elud in-eluded. iu^EAB'Jtif NAT1GATI0N Amateur Ra^o Sta^tioW< of tiie 0nited §taies.— iy-f281 pages. This pufeli<|aii6a conl^iiis a comfSete list^of amateur t'adio stations giving call signals, tiaines^ of owiier^ an4 location. ;Ther6 is included ,$, Iis1^ S. special lane! stations, grouped by " * ' ' . . -' ' • . ' • districts, , , "" s Commercial und Gotefiini^nt Radio Stations of the United States.—v-f 119 p^ges:\3fhis painphlet contains a Kst of the comnjercial &nd government land and stations, technical and training B%tions, experimental and \special amateur t^tlbiiSi Price, 15^, _ : ; ' " , Catalogue of C&arta, € c t PQots, Philippine rsJandst,-i%Seri|blv No. S5S Ifnite4 Stated Gofel Pijo4 Pacific DEPARTMENT OF COMMERCE . Secretary ^ Commerce " 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 ' . < « * 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