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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
NOVEMBER, 1927
. 75

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, the authority and responsibility
for which are noted in the "Sources of Data19 on pages 134-137 of the August semiannual issue

Subscription price of the SURVEY OF CURRENT BUSINESS is $L5Q a year; single copies (moiithly), 10 cents, semiannual
issues, 25 cents. Foreign subscriptions, ?2.25; single copies (monthly issues), including postage, 14 cents; semiannual
issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 !a year> Make
remittances only to Superintendent, of Documents, Washington, D, C., by postal money order, express Order, Aor New
draft. Currency at sender's risk. Postage stamps or foreign money,not accepted



; OFFICE t tm

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
lines sufficient for six months have been left at the
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue for August, 1927, No. 72). In the intervening
months the more important comparisons only are
given in the table entitled " Trend of business movements."
WEEKLY SUPPLEMENT
Realizing that current statistics are highly perishable and that to be of use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute supplements every week to
subscribers in the United States. The supplements are
usually mailed on Saturdays and give such information
as has been received during the week ending on the
preceding Tuesday. The information contained in
these bulletins is republished in the monthly SURVEY,
which is distributed as quickly as it can be completed
and printed.
BASIC DATA
The figures reported in the accompanying tables are
very largely those already in existence. The chief
function of the department is to bring together these
data which, if available at all, are scattered in hundreds of different publications. A portion of these
data are collected by Government departments, other
figures are compiled by technical journals, and still
others are reported by trade associations.
RELATIVE NUMBERS
To facilitate comparison between different important items and to chart series expressed in different
units, relative numbers (often called "index numbers," # term referring more particularly to a special
kind of number described below) have been calculated.
In computing these relative numbers the last prewar year, 1913, or the first postwar year, 1919, have
usually been used as a base equal to luO wherever
ossible. More lately the average for 1923-1925 has
een frequently taken as 100.
The relative numbers are computed by allowing the
montblly average for the base year or period to equal
100. If the movement for a current toonth 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 m&j also be used to calculate the
approximate percentage increase or decrease in a move-

E

ment 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.
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 nupahers.
:

•

RATIO CHARTS "", .-• ,
^
-,-

In many instances the charts used in the SURVEY
OP CURRENT 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 arithmetic form of
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 pointa
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, whereas th6 previous item rose 40
;)ints, yet each showed the same percentage increase,
he 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.
RECORD BOOK

¥

As an aid to readers in comparing present data
with monthly statistics in previous years, the department is compiling a BECORD BOOK OF BUSINESS
STATISTICS, in which data now carried in the SURVEY
OP CURRENT BUSINESS are shown by months as far
back as 1909, if available. Full descriptions of the
figures and reports of how the data are used in actual
practice by business firms are contained in the KECORD
BOOK. The first section, covering textiles, has already
been issued and may be obtained for 10 cents per
copy from the Superintendent of Documents, Government Printing Office, Washington, D, C. (Do not
send stamps.) Notices of other sections will ;be
given in the SURVEY as they are issued.

This issue presents practically complete data for the month of September and also items covering the early weeks of
October received up to October 28. (See charts and table, pp. 4 and 5.) As rnost data covering a particular month's
business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's
operations can not be presented at an early date, but the weekly supplements give every week the latest data available*



* **

^ - .*-v. **,

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. 75

1927

CONTENTS
SUMMAKIES

NEW DETAILED TABLES

Preliminary summary for October
1
Course of business in September
9
Business indicators:
Monthly (table and chart)
2,3
Weekly (table and chart)
4, 5
Wholesale prices (table and charts)
6, 7, 11
Indexes of business:
Summary (table, text, and charts)
9, 10, 11
Detailed indexes (production, prices, sales, etc.)
18
Automobiles, building, mining, manufacturing, electric power, and transportation (charts)
8
Prospective carloadings, fourth quarter of 1927
21
NEW DETAILED TABLES

Long-term indexes of stock-market values
Revised index of wholesale prices
National advertising in newspapers, rental advertisements in Portland, Oreg., and printing activity
Electric power output, United States and Canada

23
24
25
26

Continued

Raw silk, cylinder oil, binders board, water softeners,
carded sales yarn and porcelain plumbing fixtures.--Debits to individual accounts
INDEX BY SUBJECTS

Textiles
Metals and metal productsFuels
Automobiles and rubber
Hides and leather
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 and finance
Foreign exchange and trade, gold and silver

27
28

Text Table
page page

12
31
13
33
14
37
14 35,38
14
38
14
39
15
40
15
41
42
15
15
43
16
45
16
48
17
48
11
50
17
51
52
17
17
54

PRELIMINARY SUMMARY FOR OCTOBER
Business in October, as seen from figures covering
check payments, for the first three weeks was larger
than during the corresponding period of 1926. Distribution of goods through primary channels, however,
was running smaller than last year as indicated by
figures on carloadings. The value of new building
contracts awarded during the early.weeks of October
showed a falling-off from the corresponding period of
last year. The production of bituminous coal was
running higher than in the preceding month but was
lower than in October of last year. The output of
crude petroleum receded somewhat from September but
was still substantially greater than the production of
a year earlier. Lumber output was running somewhat
higher than in October, 1926.
Wholesale prices continued to recover during October, but prices for cotton, although higher than a year
ago, receded from the September level. Prices for iron
and steel continued to average lower. Loans and dis-


69025-27 1


counts of Federal reserve member banks again expanded, being substantially higher also than a year
ago. The Federal reserve ratio was lower than in the
preceding month but higher than in the corresponding
month of last year. Prices of stocks listed on the
New York Stock Exchange showed little change from
the average of the preceding month, despite a rather
drastic decline during the third week of October. Bond
prices continued to average higher. Loans to brokers
and dealers by Federal reserve member banks in New
York City, secured by stocks and bonds, reached,
during the month, the highest point on record.
Interest rates on call loans, although lower than a
year ago, showed little change from the preceding
month. Time money rates were running lower
than in either the previous month or the same
month of last year. Business failures during October
were more numerous than in the corresponding month
of 1926.

MONTHLY BUSINESS INDICATORS, 1920-1927
[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]




1920

RELATIVE TO 1913 AS 100
1921 1922 1923 1924 1925

RELATIVE TO 1919 AS 100

J926

\Wf!

1920 1921 1922 1923 1924

1925

1926 1927

BANK DEBITS, 141

INDUSTRIAL STOCKS

WHOLESALE TRADE 6 LINES

INTEREST RATES, COMMERCIAL

DEPT. STORE TRADE (359 STORES)
I

I

I

WHOLESALE PRICES (DEPT.OF LABOR )

(:ARM

I

MAIL-ORDER SALES
(4 HOUSES)

PR ICES (DEPT OF AGRICULTURE)

COTTON CONSUM

MANUFACTURING PRODUCTION

LUMBER PRODUCTION
(5 SPECIES)

PIG IRON PRODUCTION

UNFILLED STEEL ORDERS

AUTOMOBILE PRODUCTION

( PASSENGER CARS AND TRUCKS)

NET FREIGHT TON-MILES

FACTORY EMPLOYMENT

BUSINESS FAILURES
DEFAULTED LIABILITIE

Ml

I I I I I I I

I I I I I I I I I I II

BUILDING CONTRACTS AWARDED (SQ. FT.)
(27 STATES)
I I I

1921 1922 1923 1924 1925 1926 1927

1920

1921 1922 1923

1924 1925 1926 1927

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. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous months, does reflect the present tendency in each item and will give a basis for business judgment.
1927

1926

MONTHLY AVERAGE
ITEM

1930 1921 1932 1923 1924 1925 1926 Juno 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
Crude petroleum
Cotton (consumption)
Beef
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum 1
Cotton (total) .
Price: >
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 :
Freights, net ton-miles

120
135
99
108
98
119
178
105
119
113

54
64
38
107
99
87
189
97
113
117

170

90

130
144
120
153
102
118
295
117
130
160

101
122
128
164
96
101
287
99
133
151

118
146
136
177
68
109
304
115
138
128

127
155
141
182
92
121
309
120
144
127

126
148
139
259
117
105
298
111
150
136

123
144
140
254
111
109
315
99
136
129

125
I.W
140
251
107
116
324
108
140
118

123
155
141
245
110
123
318
123
164
100

130
162
146
237
113
137
336
122
166
101

126
147
146
153
97
150
338
126
155
119

121
137
141
87
98
145
351
130
150
151

121
149
148
81
86
143
345
130
135
164

115
150
134
91
77
133
328
127
122
128

136
178
134
150
80
151
364
149
132
146

134
162
138
194
93
87
351
133
128
126

132
159
139
228
106
89
368
136
136
143

121
138
135
267
95
92
360
142
136
163

115
126
127
237
66
84
378
122
126
137

115
138
131
290
102
106
377
136
141
122

108
128
128
268
87
105
363
135
138
96

96 102

68

73

64

59

61

60

61

62

64

67

64

61

60

59

52

52

53

54

53

87
114
80
131
60
88
224
109
126
130

143 171 265 311 369 290 269 268 265 265 265 264 264 265 266 272 276 284 293 301 310 318 324
155 198 153 125 111 129 177 119 98 85 137 217 260 267 257 239 210 181 151 122 105 107 165
101 98 104 100
203 153 142 146 146 145 160
207 197 188 190 169 167 172
205 116 124 135 134 147 136

101
160
160
139

100 99 100 99 98 98 97 96 95 94 94 94 94 95 97
157 156 159 160 162 162 159 156 154 154 155 159 154 152 154
160 162 170 177 188 187 183 181 179 165 163 164 164 165 169
136 133 134 130 130 127 126 127 126 125 126 130 130 132 140

108 229 228 197 198 162 149 129 130 123 131 146 143 200 225 206 254 233 166 151 189 172 144
184 136 169 185 198 262 285 268 280 296 296 283 295 308 301 311 324 344 361 363 381 395 417
67 64 75 72 81 99 112 111 113 116 120 114 117 121 122 127 128 133 137 139 141 142 145
257 205 230 226 264 300 307 307 302 275 271 309 282 339 324 292 364 336 314 353 323 322 337
275 212 230 276 284 320 327 332 337 307 315 345 319 344 329 291 340 323 324 333 320 312 324
134 118 80 90 71 73 77 70 72 78 80 82 80 79 75 70 72 74 75 75 78 75 78
294 140 177 212 201 236 247 225 227 225 230 252 250 241 239 208 253 252 232 238 214 247 228
331 181 154 168 185 198 194 163 178 186 216 220 232 225 203 180 198 201 190 172 165 181 206
264 188 204 259 284 327 349 309 284 286 336 417 425 471 313 312 365 361 299 320 292 335 363
137 105 115 139

131

139

149

144 153 160 162 177 159 147

143

136 153 136 147

141

140 154

134
147
200
195

129
127
199
163

1919 monthly aver age =100
Production:
Lumber4
._ _ 102 86 117 133 129 141 136
Building contracts (37 States)
75 71 105 111 115 146 138
Electric power (total)
_ 112 105 122 143 152 169 190
Automobiles (United States)
115 83 132 204 181 215 218
Stocks:
Beef
66 42 29 32 34 34 27
Pork
..
98 83 70 91 90 82 70
Business finances:
Bond prices (40 issues)..
. . 86 87 107 104 108 112 116
..
Banking:
Debits outside New York City
114 91 95 107 108 121 127
Federal ReserveBills discounted
._
_
132 91 28 39 19 26 30
Total reserves
97 122 144 146 146 134 135
Ratio
80 122 154 152 160 149 148

148
145
183
236

139
129
184
220

143
142
190
262

141
139
192
244

143
135
203
204

127
132
200
156

113
120
210
101

106
100
208
145

115
103
188
185

123
104
204
240

122
157
198
247

21
78

19
86

18
84

20
67

26
52

36
47

43
57

40
72

37
81

33
90

27
94

137
139
203
246

21 18 15 14
98 108 111 101

117 117 117 116 116 118 119 119 119 120 120 121
128 135 118 121 135 123 139 133

144 141
137 127
205 202
189 160
15
79

120 120 122 122

118 137 134 130 135 130 125 133

27 27 32 37 33 33 37 19 22 24 23 26 25 21 21 22
136 137 135 134 135 135 134 143 144 145 146 144 145 145 144 143
150 152 148 145 147 144 140 159 156 157 158 153 155 159 156 152

1 Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
2 Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
3 Relative to 1926, as 100. Data for 1920, 1921, and 1922 not available.
4
Based on the total computed production reported by five associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board-feet, compared with a total lumber production for the country of 34,552,000,000
board-feet reported by the census.




4

WEEKLY BUSINESS INDICATORS
[Week ending Saturday. See table on page 5]
WEEKLY AVERAGE, 1923-1925 INCLUSIVE= 100
BITUMINOUS COAL, PRODUCTION

DEBITS TO INDIVIDUAL ACCOUNTS

BUILDING CONTRACTS

LOANS AND DISCOUNTS F.FtMEMBER BANKS
!20i

\ ir**ns
,\%»

f\ *

115

mAr-,

^\^

!
!;•

FEDERAL RESERVE. RATIO

PETROLEUM PRODUCTION ( DAILY AVERAGE)

FISHER'S WHOLESALE PRICE INDEX

CAR LOADINGS

no

!3Qr

....

100 MK*

70!

••.•"•
WHEAT RECEIPTS

400

325!
250
175
100

'..

100

s

•'iAA, ,

-f

..«•• ./•.,

mr 1\i, "»^*i AJA

*' '*.

"•*••.

0 »K
* l

_U<4^- ll/

<"

**«.

^~

WHEAT PRICE NO 2 RED WINTER

120

HOh

100

100
80

25WiiiJj_iI^

COTTON PRICES MIDDLING NEW YORK
COTTON .RECEIPTS

350 r




TIME MONEY RATES
120r

BOND PRICES

f •»,.

,<j

WEEKLY BUSINESS INDICATORS

95.1
94.8
94.7
95.3

112.6
112.9
112.5
112.6

97.3
97.2
96.9
97.3

135. 5
137.5
138.7
137.2

106.2
106.2
106.0
106.0

92.1
91.2
88.9
89.9

113.0 104.5
105.2 95.0
117.5 104.5
120.2 106.4

75.1
74.3
80.0
80.4

105. 4
104.8
104.3
104. 2

120 1
107. o
123. *
123. 4

12n. 7
167. 7
I -10. 5
156. 2

162. 1
153.2
147.6
122. 4

101.9
113.8
195.4
249. 2

122.2
119.9
132. 0
139.2

59.9
59.8
63.2
59.5

93.7
94.4
96.5
96.5

68.8
68.0
62 9
55.9

90.8
90.7
91.3
91.5

95.0
95.6
95.4
95.1

113.5
113.6
114.5
114.1

96.0 102.3 115. 1 111.4
95.9 92.2 121.2 111.4
92.4 115.6 121. 2 111.4
94.3 119. 1 127.3 114.3

137.2
140.1
138.8
139.0

106.2
106.2
106. 1
106.0

92.6
73.5
80.3
82.6

103.2
106.4
105. 5
103.2
105.5

75.1
84.9
82.0
81.6
80.0

105.3
105.8
107.2
109.7
111.9

123. 7
123. 6
126. 2
126. 1
126.9

150.7
122.6
161. 6
138.6
146.4

1 16. 0
109.6
91.8
109.3
118.0

321. 5
360. 4
359. 2
353. 5
328.1

129.1
144.9
140.8
141.8
149. 4

58.6 97.9
63.5 96.5
66. 3 97.9
74.0 100.0
78.9 100.7

52.6
48.2
50.0
46.3
46.7

91.4
91.4
92.1
92.1
92.2

95.4
94.9
95.3
95.5
96.5

115.2
115.3
115.3
115.0
114. 5

93.7
95.1
94.3
95.8
95.0

108.5
130.3
107.7
131.9
115. 8

133.3
115.1
124.2
103.0
109.1

114.3
114.3
117.1
114.3
111.4

140.5
136.3
134.4
132.9
134.6

105.8 81.8
105.8 96.1
106.0 92.1
105.8 105. 9
106.3 105.7

Nov. 6
13. .
20
27

134.5 102.3
141.7 99.1
146. 5 99.1
137.6 88.2

78.4
82.4
83.7
80.8

113.2 118.6 127.7 104.1 320.0 123.7
112. 5 116.1 121.3 96.6 307.7 137.0
113.8 112. 5 119.1 77.2 305. 4 131.3
114.8 98.3 163.0
73.8 278.1 96.8

79.5
85. 1
79.4
75.0

99.3
97.9
95.8
97.2

46.7
48.2
47.8
48.2

92.5
92.8
92.9
93.0

98.8
98.4
96.0
96.2

115.0
114.5
114.3
114.6

93.9
95.5
95.1
94.6

111.8
115.5
118.2
112.2

109.1
106.1
112.1
115.1

108.6
105.7
105.7
105.7

136.2
138.1
138.2
140.4

106.6 94.3
106.7 103.9
106.9 112.3
107.1 97.5

Dec.

4
11.
18
25

150.6
144.6
138.3
107.6

98.2
96.4
90.0
75.9

78.0
75.1
71.8
59.6

114.7 110.4 83.9
115.0 104.2 117.4
115. 1 99.1 176.0
115.3 80.6 90.9

68.5
71.4
61.8
50.2

281.5 110.8
260. 8 101.9
237. 7 103. 5
203.5 71.5

96.8
99.7
90.0
78.7

97.2
98.6
97.9

44.5
45.2
46.3
47.8

92.9
92.4
92.3
92.1

96.2
95.9
94.7
94.3

115.0
114.8
115.1
115.5

93.2
93.0
89.9
88.9

108 8
114.5
118.7
126.7

118.2
118.2
118.2
136.4

105.7
105.7
105.7
105.7

140.9
142.4
144.4
145.2

107.1
107.2
107.3
107.4

113.8
114.5
103.9
120.6

Jan.

1
8
15
22
29

109.9
136.0
139.3
138.3
138.9

53.2
75.9
85.9
86.8
82.7

70.2
69.4
73.9
75.9
77.6

114.6
114.7
114.8
114.7
113.8

77.2 138.5
98.1 107.4
99.1 97.3
98.3 89.6
99.2 118.4

53.0
59.0
60.0
58.4
65.1

191.5
133.5
150.8
159. 6
140.8

64.2 71.6
87.3 100.9
93.0 110. 6
94.9 98.9
87.7 97.7

97.9
95.1
97.2
98.6

47.8
4S.2
49.6
50.0
50.4

92.0
92.0
91.3
90. 5
90.3

94.0
93.9
93.4
94.0
93.3

116.6 90.5
116. 7 91.6
114.4 97.3
114.2 99.2
113.6 102.7

1C8.1
143.2
120.4
119.4
111.1

133.3
115. 1
103.0
100.0
97.0

105. 7
102.9
102.9
102.9
102.9

144.4
142.2
142.9
143.0
141.0

107.3
107.5
107.8
108.0
108.0

109.1
121.4
142.8
150.4
146.7

139.4
138.4
135.4
131.0

88.2
90.9
94.1
92.3

76.3
76.7
78.0
77.1

115.3 101.3 77.9
118.2 101.0 99.7
118.7 100.2 112.2
119.3 96.3 134.6

77.6
62.5
72.5
55.5

122.3
120. 4
105. 8
119.2

84.2
78.8
83.5
82.3

90.0
86.0
77.5
87.7

97.2
96.5
96. 5
96.5

51.5
51.8
52.2
52.6

90.1
89.5
89.2
88.7

92.7
92.9
91.4
91.0

113.8
113.2
113.0
113.2

101.3
102.6
101.2
103.4

127.9 97.0
111.5 97.0
113.9 97.0
102.2 100.0

102.9
102.9
110.0
102.9

143.9
145.6
148.1
149.7

107.8
107.6
107.7
107.6

140.0
145.9
118.9
109.1

136.1
141.4
133.6
137.2

90.0
92 3
93.2
92.3

76.3
79.6
83.7
81.6

118.3
118.1
118.2
118.2

57.7 96.9
61.8 103.8
51.1 97.7
31.8 88.5

76.6
76.9
78.2
79.1

82.0
81.8
85.1
76.9

96.5
95.8
94.4
93.0

53.3
52.2
51.8
52.9

88.8 91.4 114.4
88.9 91.0 114.3
89.1 89.8 115.1
89.1 90.3 114.9

101.3
102.8
101.9
102.2

134.2 100.0
114.4 97.0
123.7 97.0
118.7 106.1

100.0
102.9
102.9
102.9

150.3
150.3
152.2
152.1

107.5
107.7
108.0
108.4

117.9
113.8
115.5
120.9

_. 113.4
84.7
82.1
81.4
86.4

90.9
97.3
97.3
90.0
96.4

80.0
78.8
71.8
69.0
71.8

119.0 103.5 153.6 48.7
119.0 100.1 187.2 43.9
117.8 99.8 156.9 37.5
119.0 99.6 153.1 42.9
120.0 107.1 182.5 41.3

83.5 81.7
80.7 75.3
79.4 61.9
86.1 79.5
80.1 77.0

93.0
94.4
93.0
95.1
95.8

52.9
53.3
53.3
55.5
56.3

89.1
88.9
88.9
88.5
88.5

90.3
90.7
90.2
89.8
89.8

114.9
115.2
114.8
114. 5
114.8

101.7
102.8
101.7
102.6
102.6

110.0
129. 8
117.9
118.2
114.4

102.9
97.1
100.0
102.9
100.0

154.3
157.6
159.7
161.3
159.2

108.6
108.8
108.7
108.7
108.6

121.4
107.9
114.5
106.9
117.4

84.0 102.3
86.2 101.4
84.9 99.1
87.0 103.2

63.3
60.4
62.9
51.0

120.3
119.4
119.0
119.9

80.7 99.3 58.8
82.7 100.7 58.1
76.1 100.7 * 59.6
90.1 105.6 61.8

88.6
89.0
88.9
88.6

90.2
89.8
90.1
90.0

115.9
115.6
115.7
115.5

100.6
103.2
102.3
101.7

131.0 97.0 100.0 161.6
114.4 106.1 100.0 164.0
123.9 97.0 100.0 166.2
114.8 109.1 100.0 168.9

108.8
109.1
109.0
108.9

105.9
108.6
109.1
110.3

June 4
11
18
25

75.7 96.4
87.5 101.4
85.0 97.3
87.0
99.1

60.4
57.6
55.9
53.5

120.4
95.0 83.8
119.9 107.3 145.8
120.5 106.0 145.6
120.5 106.2 154.2

104.2 62.1
100.7 62.9
102. 1 61.8
103.5 61.8

87.9
88.7
88.6
88.5

90.2
90.3
90.3
89.6

117.0 99.1
116.7
99.6
117.2 98.6
117.0 101.8

110.4 109.1 100.0 170.2 108.7 90.9
122.4 100.0 100.0 170.0 108.4 108.4
97.0 102.9 168.2 108.3 98.8
121.6
120.5 97.0 102.9 167.4 108.2 104.4

July 2 . _
9.
16
23
30

81.9
90.9 42.0 121. 7 106.5 178.6
67.5 73.6 46.5 121.7 87.5 127.0
84.6 105.5 43.3 122.1 106.1 148.8
84.7 106.4 43.7 123.6 105.6 146.5
88.2 104.5 43.3 124.1 109.1 170.3

62.9
63.2
66.2
68.4
68.8

88.2
88.1
87.9
87.9
87.8

89.3
90.0
90.4
88.7
89.8

117.8
117.5
116.0
116.0
115.9

100.1
99.1
100.6
101.7
102.8

114.6 112.1 105.7 165.5
131.5 100.0 105.7 169 9
120.2 97.0 105.7 173.0
119.2 90.9 102.9 174.5
105.5 90.9 100.0 177.0

70.0 96.5 70.2
66.6 99.3 71.3
67.8 100.0 75.4
62.2 98.6 80.9

87.6
87.5
87.5
87.5

89.8
89.2
90.0
91.4

116.7
117.0
117.0
116.5

100.4
101.2
101.3
101.3

118.4
108.4
115.8
103.2

91.5
92.9
93.1
93.1

117.6 101.0 102.8
117.4 98.6 103.0
118.8 99.0 122.1
119. 2 99.5 130.8

93.6
93.6
94.1
94.1

119.6
120.8
120.3
120.5

115.5
106. 0
111.4
102.5

109.1
109.1
109.1
115.1

102.9
105. 7
108.6
108.6

1 I

Business failures

90.8
90.8
90.8
90.8

Time-money rates

69.5
65.4
66.9
70.2

Call-money rates

97.9
96.5
95.8
95.8

Debits to individual
accounts

69.8
66.1
66.9
59.0

Federal reserve
ratio

296.8 22.7 74.4
235.2 43.8 97.5
175. 5 53.5 101.3
137.0 61.2 102.2

1

d

Bank loans and
discounts

105. 3
131. 8
131.6
171.4

0

Wholesale price
index

113.0
115.7
113.fi
118.5

1

o
*

Price of iron and
steel (composite)

102.8
103. 8
104.2
104. 5

S3

O
05

i

A

Price of cotton
middling

Carloadings

67.8
6fi. 5
74.7
73.9

o

feO

.9

|SS

Price of No. 2 wheat

Petroleum
production

105. o
106. 4
105.5
108.2

1
1
§

f wheat

Lumber production

104.
109.
108.
115.

WEEK ENDING
SATURDAY J—

Beehive coke
production

Bituminous coal
production

i

[All data are given as relative to the weekly average for 1923 to 1925 as 100]

1936
Aug. 7
14
21
28

..

,

Sept. 4
11
18
26
Oct.

1
1
1
1

123.2
128.9
127.1
-_ 130.4
138.4

2
9
16
23
30

1937

Feb.

5
12
19.
26

__

. .

Mar. 5
12
19
26
Apr.

2,
9
16 _
23
30

May

7
14
21
28

Aug.

_

1
8
15
22
29

106. 8
107.3
106.1
107.1

83.8
65.8
69.6
76.5
70.4

115.5 45.3 79.2
149.2 45.2 66.5
141.1 66.7 55.0
193.4 62.0 36.9

88.6
89.9
87.0
91.5

62.1 41.9 88.3
51.5 38.1 83.2
50.7 38.8 80.4
52.3 38.1 80.1
96.3
107.5
130.3
150.4
327.4

36.2
38.8
28.1
33.5
35.4

73.1
56.6
90.8
84.5
82.3

95.8
94.6
74.4
86.4

89.7 100.7
70.3
79.0 102.8
65.8 100.7
70.9 97.9

87.2
93.3
93.8
100.0

_

105.5 43.3
102.3 44.1
106.4 44.1
105.5 45.3

306.8
241.7
206.6
169.7

36.2 83.5
47.7 91.5
61.2 97.5
75.0 105.1

100.1
92.1
99.0
101.3

6
13
20__
27

Sept. 3
10
17
24
Oct.

103.8 72.9
104.9 123.3
105.0 161. 6
105.2 147.5

106.4 42.9 120.6 116. 5 92.4 196.2
96.4 45.7 120.3 103.2 156.6 202.3
105. 5 41.6 119.8 117.3 129.0 250.6
106.4 43.3 121.7 117.4 136.3 246.4

119.6 104.4
135.4 90.5
174.6 101.9
213.8 102.5

60.6 95.1 83.5 87.6
86.8 87.6
51.5
52.2 ~~92.~3 78.3 87.6
53.8 90.8 76.8 87.2

145.1 252.6
134.5 266.8
130.7 220.2
116.1 ......

261.2 114.2
256.9 129.7
248.5 129.1
268.8

51.6
53.0
57.3

103.2 107.3 41.2
105.5 108.6 44.1
108.3 106.4
36.7
105.5

123.7
123.7
120.9
120.4

106.8
109.4
111.3
115.7

121.8 117. 5
121.3 114.8
119.7 116.8
119.2 "" -

102.2
159.4
141.3
119.2

93.7
94.4
97.2
93.0

80.1
78.3
77.2
73.5

87.2
87.1
85.9
85.9
85.8

98.4
96.6
96.8
96.9
97 2

109.1
109.1
109. 1
97.0
103.0

108.1
108.3
108.4
108.4
108.5

104.2
76.9
109.8
101.7
107.1

87.9 100.0 179.5 108.9
90.9 97.1 175.1 109.2
84.8 102.9 177.5 109.3
84.8 91.4 180.3 109.4

95.3
96.6
97.3
90.7

84.8 91.4 181.1
93.9 91.4 184.7
87.9 102.9 186.5
97.0 100.0 186.2

113.8 97.0 100.0
140.8 100.0 100.0
107.8 97.0 97.1
141.0 93.9 100.0

185.6
187.6
185.7
180.4

109.4 84.5
109.4 83.5
109.4 99.8
109.5 82.8
109.9 94.6
110.1 106.6
110.2 80.6
110.2

i Sources of data are as follows: Bituminous coal and beehive coke production from 17. 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 stesl, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from UMcago
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 and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist; Business failures from R. 0. Dun &
Company.
2
The actual week fgr all items does not always end on same day.




6

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. September, 1927, is latest month plotted]

MURIATE OF POTASH (N.Y.)

ACID PHOSPHATE (BALTO.i

no

. . •••
.

. . • •*
.

•«0

NITRATE OF SODA (NEW YORK)
..
..
*i»
'm*

• ••

100

X

*»9

90 ?*+ mm •a H—

V

^

,.
.

..-

FERTILIZER TANKAGE(CHICAGO)
«
«.
112

••• •^

x i\V

y

I H
H I

••*

•

,•
."

3\\

•n

\

... ..„

X ^M

^

80

WHEAT, WINTER

120

*»

•*

••

B

100
•••

80

mmi

••* •••

<>

**i •^r-

x|«*

1
mm •••••i X

. ..
. .

IT

X

12 L4 129.313 2.2.13 a

12 9.1

,.

1

''

«• ^

.. ,..,

^

T

**

80
160

|

•V
*

••

» *
*

X mm +~

.* • .

.*

•

HAMS, SMOKED (CHICAGO)

HEAVY

••

••

4..

^»

SUGAR; GRANULATED

X

^

'I

.•*

«.

.
.

•• »

»•»

SUGAR, RAW

/
*•

f 13 .6 134.4,4 2.8

HOGS,

l

100

o,^ MM

^••i •*-»j •• . ,...
^

BEEF, CARCASS

^CATTLE, STEERS
120

£*

OATS

CORN, NO. 2

FLOUR, WINTER

St

m** i^a •m

7C .4 7 .7 7 </

**•

<^

** s^

R UB BE R, CR UD

COTTONSEED OIL
\

140
/

" •%
\

120
••* •an mm

^

,,

•« •••
^

100

»%i *••.
.t '•

•*
•'

X

O M
H

mm ^a

..

>

*

,
,

••'

,
.

Xs

^

••'

80

••t

•• •'

\

X

"*.

• •\
•
^

...
^^

60
120

T»

no

to

t

\

r

• * »•.

£100
i

z

/1 2
*6

J

X

*

sX

*f

/

*+

\

•**

100

\
*•<

**•

SILK, RAW

^**,

*^

^^^^ ^M

• •*

*•
-.

—•

•

100

*•,

...

••,

ira e ISM
u
/

..
.

^

60

^»

COPPER INGOTS
••

t

^** •*»

••*

•»*• x

^

90

STEEL BEAMS

^^ ^

*••

X

*•<
..
.

4<

• •<

V
••—

-*•

TV

X ^mm

ss
•**.

! s H i i H S § MI I
> u . 5 < 5

*<

•

3 - s < w O Z C

^
<

1926 >

to

O

i
l927«nMHMMMM

•,4

•• vm

,L
.
'V

fl8

4 ni

.6 8 .9

86.4

8

* .,
r.S

V
BRIC;K, COMMON, NEW YORK

"T*

80
s

.-'

*£"?? m** •••

"S

•".'•••

^** *• mm ••• «• •^

\

ZINC
*

^
CEMENT, LEHIGH

^

*•.

90

^^

**

LU MB ER PI NE F LOCDRI NG

*% §••• am

" VW
1
"'

TIN

,f

•••

•^

/

t»*l

• .1
*.

COKE

•

*%

\

PIG IRON, FOUNDRY

•'

••

N

^




••

x-

'•

'

80

2
«

9^ *r •*

LEATHER, SOLE. OAK

•• "

. ,
.
•.

100

•/* X

^.

*

BITUMINOUSCOAL

;

no

\

\

X

xX

PETROLEUM

BOOTS AND SHOES, (ST. LOUIS)
120

100

(B 3S1 4)
roi<

.
/
••"

HIDES, PACKERS
&SIS! &IK 5I5S g t ,

..
..

80

•••>

^» SM

«. > • • •

X

no

.

\

•.

«• •^

-

.,
.

1

,t

.
,

X •*

f
•*•• mm

WORSTED YARNS
,..,

•
.
,

. ••
.

WOOL, 1/4 GREASE

/

•.

/

..

».,

X^

COTTON PRINT CLOTH

..

•t

J

90

ui 80
H
<
-j 70
Ld
tt
120

COTTON YARN

COTTON, RAW

.
.

X s,X
**•

^^«

S

.s

S

v
\

'••

^ T! .n

7 ,6

71 4

.., ..,

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics, nonferrous metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent
prices to producer or at mill.
RELATIVE PRICE
ACTUAL PRICE

(dollars)

1926 average =100

Unit

COMMODITIES

SepAugust, tember,
1927
1927

SepAugust, tember,
1926
1926

August,
1927

September,
1927

September,
1926

July,

1. 235
.977
1.463
.171
25.95
.0721
.0924
.1115

1.192
.953
1.074
.225
34.41
.0742
.0978
.1114

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

94
132
99
103
98
110
73
99

91
140
79
113
95
112
78
96

88
136
58
149
127
115
83
96

93
114
76
107
109
97
99
96

87
109
70
111
101
100
102
98

1.323
1.315
.990
.491
.829
.973
15. 594
.218
.45
13. 313
10. 850
5.138
13. 563

1.415
1.360
.795
.426
.670
.968
7.346
.170
.44
10. 194
12. 375
5.769
13. 781

93
93
135
111
113
115
104
103
176
129
73
81
104

92
91
143
111
116
102
186
116
176
132
75
85
99

85
85
131
114
120
102
184
125
180
140
88
79
99

97
89
106
94
93
106
76
107
176
94
96
89
102

91
88
105
99
97
102
87
97
176
107
100
88
101

7.069
6,644
.048
.058
.107
.191
.213
.224
.46
.239

7.725
6,681
.044
.056
.113
.163
.181
.320
.45
.225

93
95
104
107

si
in

_ ._

7.600
6,769
.045
.056
.100
.185
.200
.235
.42
.215

117
79
93
94

90
93
104
102
84
113
117
76
93
94

84
92
110
106
91
116
125
73
102
105

94
93
98
101
110
97
96
107
93
99

92
92
102
103
95
99
106
104
100
99

Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) . _ Pound
Yard
Cotton-print cloth, 64 x 60-38K"-5.35—yards to pound _ _
_
Cotton sheeting, brown 4/4 Trion (New York)
j Yard
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston")
i Pound
Woman's dress goods, French., 39 inohes at, mills, sergft
Yard
Suitings, unfinished worsted — 13 ounce, mill
1 Yard
Suitings, serge, 11 ounce, 56-58 inch
! Yard
Pound
Silk, Japan, 13-15
Dozen pair..
Hosiery, women's, pure silk, mill __
Hides, green salted, packers' heavy native steers (Chicago)
Pound
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Pound
Square foot__
Leather, chrome calf, dull or bright "B" grades (Boston)
Leather, sole, oak, scoured backs, heavy (Boston)
Pound
Pair
Boots, and shoes, men's black calf, blucher (Massachusetts)
Pair
Boots and shoes, men's dress welt tan calf (St. Louis)

.387
.084
.098
1.350
.975
1.913
2.048
5.145
10. 780
.215
.212
.510
.530
6. 400
5.000

.406
.089
.110
1.375
.975
1. 913
2.048
5.096
10. 780
.224
.210
.510
.530
6.500
5.000

.367
.076
.093
1.400
1.012
1.890
2.048
6.370
12. 250
.152
.178
.450
.430
6.400
4.850

99
99
94
94
94
95
95
85
89
156
131
113
116
100
102

108
111
106
94
94
95
95
83
89
153
122
113
121
100
102

113
119
118
96
94
95
95
82
87
160
121
113
121
102
102

101
101
99
98
102
94
95
101
101
106
102
99
94
100
99

103
101
100
98
98
94
95
103
101
108
102
99
98
100
99

Net ton
Net ton
Long ton
Short ton
Barrel

4.275
4.904
13. 209
3.075
1.155

4.274
5.012
13. 217
3.000
1.198

4.226
4.743
13. 772
3.488
2.050

99
99
96
74
61

99
102
96
75
61

99
105
96
73
64

96
97
100
77
109

98
99
100
85
109

Long ton
Long ton
Long ton
Pound
Pound
Pound
Pound
Pound

19. 360
17. 300
33.000
.1297
.182
.0668
.6352
.0634

19. 260
17. 063
33.000
.1294
.183
.0630
.6074
.0621

19.385
17.500
35.000
.1406
.194
.0879
.6654
.0741

96
94
94
91
93
75
98
85

94
93
94
94
96
79
100
86

93
92
94
94
96
75
95
85

93
94
100
103
102
106
100
101

94
94
100
102
102
104
105
101

M feet
Thousand...

37. 680
11. 750

37. 490
11. 750

42. 880
16.000

85
71

84
71

83
71

95
103

95
97

1.600
1.800
.243
.75
2.600
3. 250

1.600
1.825
.230
.75
2.600
3.250

1.650
2.000
.340
.75
2.750
3.450

97
91
67
103
91
94

97
92
64
103
91
94

97
93
61
103
91
94

100
100
89
103
96
100

100
102
90
103
96
100

1927

FAEM PRODUCTS-AVERAGE PRICE TO PRODUCERS
. Wheat
Corn
Potatoes _ _
Cotton
Cottonseed
Cattle, beef _ _
Hogs
Lambs

_

Bushel
Bushel
Bushel
Pound
Ton
Pound
Pound
Pound

. .
_

-

-

- -

_

.i
'

FARM PRODUCTS— MARKET PRICE
\Vheat No 1 northern spring (Minneapolis)
Wheat' No. 2, red, winter (Chicago)
Corn contract grade No 2, cash (Chicago)
Oats, contract grades, cash (Chicago) _ _
Barley fair to good malting (Chicago)
Rye, No. 2, cash (Chicago)
Tobacco, leaf, average sales, warehouse (Kentucky)
Cotton, middling upland (New York)
Wool, ^i blood, combing, Ohio and Pennsylvania fleeces (Boston)
Cattle steers good to choice, corn fed (Chicaao)
Hogs, heavy (Chicago)
.
_ _
Sheep ewes (Chicago)
Sheep, lambs (Chicago)

1 427
Bushel
1. 395
Bushel
Bushel
1.085
.478
Bushel
Bushel
.S<03
.968
Bushel _. -.
Cwt._
15. 730
Pound
.203
.44
Pound
_ . -!
12. 575
Cwt
Cwt
1 9.185
Hwt
1
5.575
1 Cwt
__! 13. 575

FOOD
Flour standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime yellow (New York)
__ __
Beef, frssh, carcass, good native steers (Chicago)
Beef, fresh, carcass, steers (New York)
Pork, smoked hams (Chicago)
Butter, creamery, 95 score (New York)
Oleomargarine, standard, uncolored (Chicago) _ _

Barrel
Barrel

i

Pound

.

Pound
Pound
Pound
Pound
Pound
Pound
! Pound

i
j
>

:
|
i
;

CLOTHING

FUEL
Coal, bituminous, mine-run (composite price)
Coal, bituminous, prepared sizes (composite price)
Coal, anthracite, chestnut (composite price)
Coke, Connellsville (range of prompt and future) furnace— at ovens
Petroleum, crude, Kansas-Oklahoma— at wells _.
!

•

METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Brass, sheets, mill
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York). _
Zinc, slab, western (St. Louis)

,

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, mill ._
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago
district)
Steel beams, mill (Pittsburgh)
. ..
Rubber, Para Island, fine (New York)
.
Sulphuric acid 66° (New York)
Wood pulp, sulphite, domestic, unbleached, news grade (New York)
Newsprint, rolls, contract, mill




Barrel
Cwt

Pound
Cwt
Cwt
Cwt

i
!

|

1

8
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
140

FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
140

120

(0
DC

VI

5
X

111

>NUFACTURING
^•<—MANl

Q

~

PRODUCTION (ADJUSTED;)

80

60

1920

!924

1925

MINERAL PRODUCTION AND RAILROAD TON-MILEAGE
[Relative numbers, monthly average, 1923-1925, taken as 100]

40




1926

1927

9
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, while further details are
given in the table entitled "Indexes of Business" on page 18]
1926

YEARLY AVERAGE

July

PER CENT INCREASE (+)
OR DECREASE (— )

1927

SepAugust tember

July

SepAugust tember

Sept., 1927
from
Aug., 1927

Sept., 1927
from
Sept., 1926

1923

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

1924

1925

1926

119
114 !
136 !
117
102
121
143
111

113
119
126
117
118
119
152
115

126
117
133
113
111
126
169
146

129
127
121
116
142
150
114
115
117
103
119 * 119
184
190
138
129

135
122
156
111
114
117
190
142

135
148
156
111
172
120
192
139

128
105
141
113
84
114
199
127

128
132
154
113
137
126
205
137

127
161
147
109
205
124
202
127

-0. 8
+ 22. 0
-4. 5
-3. 5
4-49. 6
~1.6
— 1. 5
-7.3

-5. 9
+ 8. 8
-5. 8
-1. 8
+ 19. 2
+ 3.3
+ 5.2
-8. 4

119

137

146

174

169

184

175

190

205

195

-5.0

+ 11.4

74

52

56

50

48

49

49

40

40

38

5 0

22. 4

99
165
83
124

105
185
82
125

118
209
84
131

123
229
84
136

98
206
82
99

98
204
88
105

120
211
97
131

100
221
77
97

113
237
88
113

126
232
91
130

+ 11. 5
-2. 1
+ 3.4
+ 15. 0

65
75
78
94

64
73
78
95

70
77
84
98

65
73
86
98

65
73
84
97

64
72
84
96

64
73
85
97

62
70
83
94

63
71
82
94

1)7
72
83

+ 6.3
+ 1.4
+ 1.2

+ 4.7
-1. 4
-2. 4

103
93

110
84

127
84

135
85

137
83

136
84

132
85

145
81

156
81

160
81

+ 2.6
0. 0

+ 6. 1
-4. 3

115
119
25

108
116
139

115
122
146

123
127
124

126
150
120

132
126
98

134
130
69

116
142
165

127
122
130

125
82

+ 2. 5
-36. 9

+ 5. 0
+ 10. 0
--6.2 i
- 0. 8

_
-3. 8
+ 18. 8

See p. 28, January, 1925, issue (No. 41), for details of adjustment.

COURSE OF BUSINESS IN SEPTEMBER
GENERAL CONDITIONS
Business in September, as seen from data on check
payments, was better than in either the preceding
month or the corresponding month of 1926. Retail
trade, as indicated by sales data covering mail-order
houses and 10-cent chain stores, was on a higher level
than in the same month of last year. Distribution of
goods, however, as shown by figures on carloadings,
declined from a year ago. Prices paid to producers of
farm products averaged higher than in either the preceding month or the corresponding month of 1926.
Wholesale prices were also generally higher than in the
preceding month, but were still below the level of
last year. Retail prices for food averaged higher
than in August, but were lower than in September of
1926.
Production of pig iron declined from both the preceding month and September of last year, with steelingot output making similar comparisons with both
prior periods. Unfilled steel orders, while showing no
material change from the preceding month, were substantially lower than a year ago. The production of
coal, both bituminous and anthracite, was smaller than
a year ago, with anthracite production smaller also

69025—27
2


than in August, 1927. Cotton consumption, although
smaller than in the previous month, was substantially
greater than in September of last year. The production of automobiles, both passenger cars and trucks,
was smaller than in either the preceding month or the
same month of 1926. The floor space of new building
contracts awarded was smaller than in either August,
1927, or September, 1926.
Interest rates on commercial paper averaged higher
than in August but were lower than a ye&Y ago. Prices
for stocks listed on the New York Stock Exchange
averaged higher than in either prior period, while bond
prices, although showing no change from the previous
month, were also higher than a year ago. The Federalreserve ratio receded from the previous month, but was
higher than in September of last year. Imports of
merchandise were lower than in August, but showed
no change from a year ago, while merchandise exports,
although greater than in the preceding month, were
lower than in September, 1926. Business failures were
less numerous than in August, but larger than a year
ago, with defaulted liabilities of failing firms making
similar comparisons with both prior periods.

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

The output of raw materials in September was
greater than in either the preceding month or September of last year. All groups of raw materials
showed increases over both prior periods, except
minerals and animal products, which declined from
both periods. In the case of mineral output, all
products of the mine were produced in smaller quantities than in either the preceding month or September of last year, except bituminous coal and gold,
which registered increases over August, and petroleum
and lead, which recorded increases over September,
1926. In the case of animal products, smaller mar-

were smaller than at the end of the previous month,
but larger than a year ago. Declines from the preceding month in stocks of raw and manufactured
foodstuffs were more than sufficient to offset increases
in stocks of raw materials other than foodstuffs and
manufactured commodities. As compared with a
year ago, all major groups were held in larger
quantities.
SALES

The index of unfilled orders, principally iron and
steel, and building materials reached a new low
point in September, both major subgroups making

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
movements. Unfilled orders are principally those
[1920 monthly average = 100. Adjustment h as been made for both stocks and production for their respective seasonal move
of iron, steel, and building materials. September, 1927, is latest month plotted]

ketings were registered in all products except sheep,
poultry, and milk, which showed advances over the
preceding month, and wool, fish, and milk, which increased over last year. Increases were registered in all
crops over both periods except fruits and cotton products, which declined from a year ago. As respects
forest products, increased output was registered over
a year ago in all groups except lumber, wThich did not
change, and distilled wood.
Manufacturing production, after adjustments for
working-time differences, declined from both the preceding month and September of last year, all industrial groups showing decreases from August, except
chemicals and oils, which increased, and textiles,
which showed no change. As compared with last
year, smaller output was registered in all groups except foodstuffs, textiles, leather, chemicals and oils,
stone, clay and glass products, and tobacco.
COMMODITY STOCKS

Stocks of commodities held at the end of September, after adjustments for normal seasonal variations,




dedines from both the preceding month and September
of last year.
Wholesale trade, measured in value, averaged
higher than in August, but lower than last year. All
lines increased over August except dry goods. As
compared with September, 1926, wholesale trade was
smaller in all lines except shoes and drugs.
Department-store trade, although higher than in
the preceding month, was smaller in value than in
September, 1926. Merchandise stocks, held by department stores, were higher than in either prior period.
Mail-order business registered increases over both
the preceding month and September of last year.
Sales by 10-cent chain-store systems, although smaller
than in August, were higher than a year ago. Trade
by grocery chains recorded advances over both
prior periods. Other chain-store systems showed
generally larger business than a year ago, except
music, cigar, and shoe chains, which declined. Sales
of music and shoe chains increased over August,
while cigar chains showed a decline.

11
PRICES

The general index of wholesale prices again advanced
over the preceding month, but was still lower than in
September of last year. As compared with the preceding month, all groups showed higher average
prices, except the building materials and miscellaneous groups, which declined, and fuels, metals and
metal products, and house furnishings, which showed
no change. As compared with last year, all groups
were lower, with the exception of farm products and
hides and leather, which were higher. Reclassified,
the general index showed no change from the previous
month in prices for producers' goods. Consumers'
goods and raw materials, however, advanced. As

than a year ago. The cost-of-living index showed
no material change from the previous month and was
also lower than in September of last year.
EMPLOYMENT

Factory employment in September showed a larger
number of employees on the pay rolls than in the preceding month, but as compared with last year,
employment was lower. All industrial groups showed
more employees than in the preceding month, except
iron and steel, lumber, leather, and stone, clay, and
glass, which showed no change, and nonferrous
metals, vehicles, and miscellaneous industries, which
declined. Contrasted with a year ago, employment in

COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE
[IT. S. Department of Labor index numbers. Relative prices, 1926=100. September, 1927, is latest month plotted]

80

compared with a year ago, both producers' and consumers' goods were lower, the declines more than
offsetting a 3 per cent increase in raw materials.
The index of prices received by farmers for their
produce increased more than 6 per cent from the preceding month and almost 5 per cent as compared
with September of last year. Prices for all groups
were higher than in the preceding month, except
grain and fruits and vegetables, which declined. As
compared with a year ago, increased prices for grains,
fruits and vegetables, and cotton, were more than
sufficient to offset declines in meat animals, dairy and
poultry products, and in the unclassified group.
Retail prices for food, although averaging higher
than in the preceding month, were generally lower



September was smaller in all groups, except textiles
and tobacco, which increased, declines of more than 5
per cent occurring in iron and steel, lumber, chemicals,
stone, clay, and glass, nonferrous metals, and vehicles.
Factory pay-roll payments were lower in September
than in either the previous month or September, 1926,
increases in the amount of pay roll in food, textiles,
lumber, paper and printing, chemicals, and tobacco
factories being insufficient to offset declines from the
previous month in iron and steel, leather, stone, clay
and glass, nonferrous metals, and vehicles. As compared with last year, all industrial groups declined,
except textiles, paper and printing, and tobacco, which
showed increases and food products which showed no
change.

12

REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

September wool receipts at Boston declined seasonally from the previpus month but were much larger
than a year ago, receipts of both domestic and foreign
wools exceeding those of September, 1926. Imports
of wool also declined from the previous month and
were larger than a year ago. The consumption of

pajaina checks and ginghams were produced in larger
quantities than in September, 1926. Stocks of finished
textiles at the end of the month were slightly larger
than at the end of August but smaller than a year ago.
Unfilled orders for most kinds of textiles, on the other
hand, were smaller than at the end of August and
generally larger than a year ago. Fine cotton goods

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. September, 1927, is latest month plotted]

GENERAL
Inlnl

1920

1921

1922

1923

1924 1925

1926

1927

1920

1921

S922

!923

[924

1925

CONSUMPTION (DELIVERIES)

STOCKS (MANUFACTURERS)

ii.lnLliili.ini,.Inli.lul

1925

wool by textile mills was greater than during either
August or the corresponding month of last year. Wool
machinery also exhibited increased activity.
The consumption of raw cotton by mills was almost
as great as in August and somewhat larger than a
year ago. Exports of unmanufactured cotton, while
much larger than in the previous month, were somewhat less than in September, 1926. Cotton stocks
at mills and in public storage increased over the previous month and were also larger than a year ago.
The world visible supply of cotton was larger than
at the end of either prior period.
The machinery activity of cotton spindles was
slightly less than in August, due to the smaller number
of working hours, but exceeded that of a year ago.
The output of cotton textiles increased from both
prior periods, all classes of goods showing increases
from the previous month, while all classes except



1928

1927

were produced in larger quantities than during either
prior period.
Imports of silk w^ere less than for the previous month
but larger than in September, 1926. The consumption
of silk by mills, on the other hand, exceeded that of
either comparative period. Stocks of silk in public
storage slightly exceeded those at the end of August
and were considerably larger than a year ago. The
number of silk looms in operation were fewer than
during the previous month, while the number of silkspinning spindles in operation increased. Imports of
rayon were less than during August but greater than
a year ago.
Raw-cotton prices were higher than for either the
previous month or the corresponding month of last
year. Prices of rayon were unchanged from the previous month, but declined from September of last
year.

13
METALS

Shipments of iron ore from the mines were considerably less than during either the previous month or the
corresponding month of last year. The consumption
of iron ore and the production of pig iron also declined
from both prior periods, the number of furnaces in
blast declining proportionately. Stocks of ores, both
at the furnaces and at the docks, exceeded those of a
year ago.
The September output of steel ingots was less than
for either the previous month or the corresponding
month of last year. Production and new orders of

The September production of copper at the mines
was less than for either the previous month or the corresponding month of last year. Stocks of refined
copper, while less than at the end of August, were
greater than a year ago. Copper exports were slightly
less than in August, being considerably larger, however, than a year ago.
Imports of tin were much less than during August
or the corresponding month of last year. The consumption of tin also declined from the previous month
but was greater than a year ago. The world stocks
of tin were larger than at the end of either prior

THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. September, 1927, is latest month plotted]
160

S'^TT^QLESZLE PRICE
'
'• ./INDEX. METALSl ^

NON-FERROUS PRODUCTION
INDEX \

*«

1920

T

1

~

1921

1922

1923

1924

1925

1926

1920

1921

1922

1923

1924

1925

1920

1927

1921

1922

1923

1924

1925

1926

1927

340 r

100

20 L

1920

1921

1922

1923

1924

1925

1926

1927

steel and malleable castings also declined from both
prior periods, production and shipments of steel sheets
showing similar tendencies. New orders and unfilled
orders of steel sheets, on the other hand, exceeded those
for August. Production, shipments, and stocks of
steel barrels were less than in August but greater than
a year ago, while unfilled barrel orders were greater
than at the end of the previous month but less than on
September 30, 1926.
Unfilled orders of the United States Steel Corporation
were less than for either the previous month or the corresponding monthlast year. New orders and shipments of
fabricated structural steel were less than during the previous month, although neworders were considerably greater
than during September, 1926. New orders for fabricated-steel plate were less than for either prior period,
due chiefly to the decline in orders for oil-storage tanks.




1926

1927

period, although stocks of tin in the United States
declined from the previous month.
The September output of zinc was less than for
either prior period, the number of zinc retorts in operation showing a similar comparison. Zinc stocks were
slightly less than at the end of August, but were more
than double those of a year ago. Lead production
was less than for either the previous month or September, 1926.
The first survey of radio dealers' stocks, covering
returns from 7,842 dealers out of a total of 31,485,
shows an average of nine receiving sets and loud speakers per dealer on October 1. The B and C battery
stocks averaged 31, storage batteries for A power 7,
arid eliminators 5 per dealer. There are no previous
figures with which comparisons can be made,

14
FUELS

The output of bituminous coal, although slightly
greater than during August, was less than a 3^ear
ago. Anthracite coal production, on the other hand,
was less than for either prior period. Coal prices
were generally higher than during the previous month
and slightly lower than in September, 1926. A decline in the production of coke from both prior periods
was accompanied by lower prices.
AUTOMOBILES AND RUBBER

The September output of passenger automobiles,
both in the United States and Canada, was considerably smaller than for either the previous month or

and calf hides greatly exceeded those of a year ago.
Hide prices were generally higher than for either
prior period. The production of sole leather was
smaller than during the previous month but greater
than a year ago. Sole and upper leather were exported
in smaller quantities than during either previous
period. The September output of boots and shoes
w^as less than for the previous month, but slightly
greater than a year ago. Leather prices showed no
change from August but were substantially higher than
a year ago.
PAPER AND PRINTING

Imports of wood pulp, both mechanical and chemical
exceeded those of the previous month, imports of

THE AUTOMOBILE AND RUBBER. INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, September, 1927, is latest month plotted]
500]

1925

1926

1927

19

September, 1926. Truck production, on the other
hand, exceeded that of August, but was less than a
year ago. For the first nine months of the current
year, passenger-car production in the United States
was 19 per cent smaller than for the corresponding
months of last year, truck production also being
smaller than in 1926. Imports of crude rubber were
greater than in August but less than a year ago, while
rubber prices were lower than for either prior period.
HIDES AND LEATHER

September imports of hides were less than during
the previous month but greater than a year ago, all
classes of hides being imported in smaller quantities
han in August,'although September imports of Jcattle




1921

1922

1923

1924

1925

!92I

1924

1922

1923

1924

1925

I

I92S

1926

chemical pulp being greater and those of mechanical
less than for the corresponding month of last year.
The September output and shipments of newsprint
paper in the United States were less than for either
prior period, those of Canada, however, being less than
for the previous month but greater than a year ago.
Imports of newsprint paper were slightly greater than
for either the previous month or the corresponding
month of last year. New orders and shipments of
sales books were less than during the previous month,
new orders also being less than in September, 1926.
The output of paper-board shipping boxes, both corrugated and solid fiber declined from both previous
periods.

15
BUILDING

The volume of new building contracts, both in
square footage and value, was smaller than for either
the previous month or the corresponding month of
last year. All types of buildings showed declines from
August in square footage and all but public buildings
declined in floor space from a year ago. The only
increases over the previous month in the value of
contracts awarded were in industrial buildings and
public works and utilities and only the latter type of
buildings showed an increase over September, 1926.
September fire losses were less than for the previous
month but greater than a year ago.

of flooring were less than for either the previous month
or September, 1926. Stocks of maple flooring were
smaller and those of oak flooring greater than for either
prior period. New flooring orders exceeded those of
the previous month but were less than a year ago.
STONE AND CLAY PRODUCTS

The September production and shipments of face
and paving brick were less than for the previous
month, the output of both kinds being greater and
shipments less than a year ago. New orders, shipments, and unfilled orders of vitreous china plumbing
fixtures were smaller than for either the previous
month or the corresponding month of last year. New

THE BUILDING-MATERIAL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. September, 1927, is latest month plotted]

1920

1922

1923

1 1 1 1 1 1 1 i 111 (j...
1924
1925

) l_LJJ_lLuli_LLul.LJ

1926

1927

1920

-

J l L I J l L JjJjLLLu_LuJ.JLLLj_LLlJ
-i l u .

1923

1921

1924

1925

1926

1923

1924

1925

1926

1927

-

1920

LUMBER AND LUMBER PRODUCTS

Lumber production was generally lower than during
the previous month and greater than a year ago?
southern pine and Douglas fir recording the only increases over August, and western pine, the only
decline from September, 1926. Lumber shipments
exhibited a similar tendency, only southern pine increasing over August, while Douglas fir, western
pine, northern pine, and walnut were shipped in
smaller quantities than a year ago. New orders for
each kind of lumber, except walnut, were less than
during the previous month, while orders for southern
pine and California redwood exceeded those of a year
ago. Stocks of southern pine and western pine were
slightly less and walnut, gum, and oak greater than at
the end of August, while western pine and w^alnut
Digitizedwere less than a year ago. Production and shipments
for FRASER


1922

1927

orders for architectural terra cotta were also less
than for the previous month but. exceeded those of a
year ago. The production and shipments of Portland cement, while less than during August, were
greater than in September, 1926. New contracts
for concrete pavements declined from the previous
month but greatly exceeded those of a year ago.
CHEMICALS

Receipts of turpentine and rosin, although slightly
smaller than in August, were much greater than a
year ago, while stocks exceeded those at the end of
either prior period. Fertilizer was exported in larger
quantities during September than for either the previous month or the corresponding month of last year.
Imports of potash and nitrate of soda, on the other
hand, were less than in August but greater than a
year ago.

16
FOODSTUFFS AND TOBACCO

The visible supply of wheat in the United States
was considerably larger and that in Canada smaller
than at the end of either the previous month or the
corresponding month of last year. Keceipts of wheat
at the principal markets, although slightly less than
during August, were much greater than a year ago,
exports being greater than in either prior period.
Receipts and shipments of corn exceeded those of
either the previous month or a year ago, but receipts
of oats were considerably smaller than during the
previous month. Barley and rye were exported in much
greater quantities than during either prior period.

Receipts and cold-storage holdings of poultry
were greater than for the previous month but less
than a year ago. Receipts and cold-storage holdings
of case eggs were less than for either prior period. The
production of butter was less than in either the previous month or the corresponding month of last year,
cold-storage holdings being less than at the end of
August but greater than a year ago. The production
of cheese exceeded that of August but was less than a
year ago, cold-storage holdings being less than at
the end of cither prior period.
Imports of coffee were considerably smaller than
for either the previous month or a year ago. The

THE FOODSTUFFS INDUSTRIES
[Relative numbers, monthly average 1923-11)25, taken as 100. September, 1927, is latest month plotted]

A

-v

if1 /i

PRODU ;TIONK

4

Y

\

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

,<)20

1921

1922

1923

1924

1925

1926

1927

Prices of wheat averaged less than for either the
previous month or the corresponding month of last
year. Corn prices, while less than in August, were
considerably above last year, while those of oats and
barley were higher than for either prior period.
Receipts of cattle and hogs were less than for either
the previous month or the corresponding month of
last year and sheep receipts, while greater than in
August, were less also than a year ago. A smaller
number of cattle, hogs, and sheep were slaughtered
locally during September than in either previous
month or September, 1926. Cold-storage holdings
of beef and mutton exceeded those of the previous
month, but were less than a year ago, while holdings
of pork were less than at the end of August but
greater than a year ago.



visible supply of coffee was smaller than for either
prior period. Shipments of coffee from Brazil exceeded those of the previous month and of September,
1926, despite declines in price. Imports of tea were
slightly larger than during the previous month, but
considerably less than a year ago.
The consumption of cigars was greater and that of
cigarettes and manufactured tobacco smaller than
during the previous month. Exports of unmanufactured leaf tobacco exceeded those of either the
previous month or the corresponding month of last
year. Exports of cigarettes, while slightly greater
than in August, were much less than a year ago.
Tobacco prices were the same as in August, but
considerably lower than a year ago.

17
TRANSPORTATION

September car loadings were larger than for the
preceding month, declines from August occurring
only in loadings of forest products, ore, and general
merchandise. September loadings were less than for
the corresponding weeks of last year, all classes of
commodities, except grain, participating in the decline. Surplus freight cars were much fewer than
during the previous month but more plentiful than a
year ago. Clearances of vessels for foreign trade in
September were fewer than during the previous month
or the corresponding month of last year.

were larger than at the end of September, 1926Interest rates, both on call loans and commercial
paper, were slightly higher than during the previous
month but lower than a year ago.
Fewer business firms failed in September than during the previous month, the liabilities of such firms
also being less than in August. Business failures
were greater, both in number and in liabilities, than a
year ago. Prices of stocks continued to increase and
were also at a much higher level than a year ago.
Bond prices were slightly larger than in the previous
month and substantially higher than in September, 1926.

BANKING AND FINANCE
[Relative numbers, monthly average 1923-1925, taken as 100. September, 1927, is latest month plotted]

1920

1921

1922

J923

J924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1926

1927

BUSINESS PROFITS AND LOSSES

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

DISTRIBUTION MOVEMENT

GOLD AND SILVER AND FOREIGN EXCHANGE

Sales by mail-order houses were greater and those
by the leading 10-cent stores smaller than during
the previous month, sales by both being larger than
a year ago. Magazine and newspaper advertising
was considerably larger than in August, but slightly
smaller than a year ago. Postal receipts in the 100
important cities were greater than in either prior
period. Delinquent accounts in the wholesale electric
trade were less than for either the previous month or
the corresponding month of last year.

Domestic receipts of gold at the mint were larger
than during the previous month but less than a year
ago. Imports showed a similar tendency, while exports were larger than for either prior period. The
production of silver in the United States was less
than for either the previous month or the corresponding jmonth of last year. Exports and imports of
silver exceeded those of August but were less than a
year ago. Silver stocks in the United States declined
sharply from the previous month and were also less
than at the end of September, 1926.
Exchanges on the principal countries showed little
change from the previous month, there being slight
advances in the rates on Sweden, India, Canada,
Argentina, Brazil, and Chile, and a decline in the
rate on Japan. Compared with a year ago, rates of
exchange on France, Italy, and Argentina increased,
while Brazilian and Japanese exchanges declined.

BANKING AND FINANCE

Check payments, both in and outside New York
City, exceeded those of the previous month and
September, 1926. Loans and discounts of Federal
reserve member banks also exceeded those at the end
of either prior period, and net demand deposits, while
less than at the end of August, were greater than a
year ago.
 Brokers' loans at the end of the month
http://fraser.stlouisfed.org/
69025—27
Federal Reserve Bank of St. Louis

3

18
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.
1926

PER CENT INCREASE (+) OR
DECREASE (— )

1927

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

(Relative to 1919 monthly average as 100)
RAW MATERIALS
Grand total

180

73

116

122

148

105

132

161

+ 22.0

+ 8.8

MINERALS
Total
_
_- _
Petroleum. _
Bituminous coal
Anthracite coal
Iron ore*
Copper
Lead _
__
Zinc _
_ _
Gold
Silver

165
256
155
122
273
152
193
149
131
145

62
105
41
0
0
17
78
38
57
80

150
206
112
115
254
!
143
!
169
1
126
1
84
| 99

156
211
119
112
272
143
174
137
99
112

156
207
126
115
245
142
167
137
113
103

141
248
87
69
219
130
179
126
93
102

154
247
107
106
223
133
177
133
93
109

147
238
108
91
184
131
173
126
105
98

-4.5
-3.6
+ 0.9
-14.2
-17.5
-1. 5
-2.3
-5.3
+ 12.9
-11.2

-5.8
+ 15.0
-14.3
-20.9
-24.9
-7.7
+ 3.6
-8.0
-7. 1
-2.6

July

August September

July

September, September, 1927,
August Septem- 1927, from from September,
ber
August, 1927
1926

PRODUCTION

_
_-

!

ANIMAL PRODUCTS (marketings)

Total
Wool*
Cattle and calves
Hogs__
Sheep
Eggs*._
Poultry
Fish
Milk (New York)

__ _

138
314
143
177
153
245
390
192
190

80
19
58
64
54 !
30 1
21
45
94 i

115
253
89
76
77
117
106
170
152

11
1
133
97
75
100
91
117
185
148

11
1
48
117
75
145
79
124
141
143

113
314
75
82
74
103
92
157
158

113
168
101
81
98
85
115
192
148

109
66
97
69
126
76
123
149
149

-3.5
-60.7
-4.0
-14.8
+ 28.6
-10.6
+ 7.0
— 22. 4
+ 0.7

-1.8
+ 37.5
-17. 1
-8.0
-13. 1
-3.8
-0.8
+ 5.7
+ 4. 2

246
242
254
405
346
170

49
43
58
50
12
18

!
j
!
i

103
175
138
224
-12
20

114
169
102
240
48
43

172
133
180
327
213
95

84
143
135
143
13
16

137
202
117
175
80
62

205
213
187
289
205
139

+ 49.6
+ 5.4
+ 59.8
+ 65. 1
+ 156. 3
+ 124. 2

+ 19.2
+ 60.2
+ 3.9
-11.6
-3.8
+ 46.3

136
137
164
356
149

61
59 !
51 1
20 j
24

119
118
72
271
88

117
117
62
258
96

120
120
81
222
95

114
110
70
319
92

126
125
68
300
120

124
120
91
286
115

-1.6
-4.0
+ 33.8
-4.7
-4.2

+ 3.3
0. 0
+ 12.3
+ 28.8
-21. 1

138
142
135
133
152
166
115
127
210
190
195
147
164

71
68
77
54 1
32
57
63
69
92
69
71
70
37

127
127
128
95
125
144
78
123
177
174
173
128
132

135
135
122
97
135
147
90
122
177
173
175
132
157

135
135
114
110
132
151
94
119
187
165
180
133
147

128
123
143
105
108
133
90
104
188
178
161
129
112

128
133
133
119
117
148
106
111
190
190
171
144
127

127
127
120
119
110
143
102
100
199
181
165
143
112

-0.8
-4.5
-9.8
0.0
-6. 0
-3.4
-3.8
-9.9
+ 4.7
-4.7
-3. 5
-0. 7
-11.8

-5.9
-5.9
+ 5. 3
+ 8.2
-16.7
-5.3
+ 8.5
-16.0
+ 6.4
+ 9. 7
-8.3
+ 7.5
-23.8

CROPS (marketings)

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

_ _

FOREST PRODUCTS

TotalLumber
_ _
Pulp woodGum (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.




19
INDEXES OF BUSINESS—Continued
1926

PER CENT I WREASE (+) OR
DECR EASE (— )

1927

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

205
346
201
121
204

94
73
85
58
86

169
256
134
89
172

184
310
129
88
177

175
256
146
88
183

190
286
162
94
191

205
319
172
95
204

195
277
181
93
204

-5.0
— 13. 2
+ 5. 2
-2. 1
0. 0

+ 11.4
+ 8. 2
+ 24.0
+ 5. 7
+ 11. 5

199
306
204
115
199

85
70
64
56
88

153
203
110
97
173

148
191
100
100
170

153
188
138
94
172

165
217
121
101
189

159
191
124
108
186

168
194
173
99
190

+ 5.7
+ 1. 6
+ 39. 5
-8. 3
+ 3. 2

+ 9.8
+ 3. 2
+ 25. 4
+ 5. 3
+ 10. 5

116
112
153

38
30
25

48
37
94

49
36
99

49
38
92

40
31
78

40
31

77

38
30
69

— 5.0
— 3. 2
-10. 4

-22.4
-21. 1
-25. 0

126
129
136
135
133
150
89

60
59
43
62
88
58
1
46

82
99
52
84
113
78
77

88
99
73
82
115
102
81

97
112
84
92
124
114
86

77
94
53
79
118
. 75
72

88
99
79
83
126
108
75

91
109
88
85
131
106
80

+ 3.4
+ 10. 1
+ 11. 4
+ 2. 4
+ 4. 0
-1. 9
+ 6. 7

-6.2
-2. 7
+ 4. 8
-7.6
+ 5. 6
-7. 0
-7. 0

170

49

98

98

120

100

113

126

+ 11.5

+ 5.0

466
223
387
261
222
303
215

84
55
119
109
106
109
72 |

206
108
316
195
155
210

204
121
295
193
148
194
122

211
138
307
192
153
218
142

221
80
373
217
153
211
145

237
98
382
215
147
208
132

232
126
384
210
146
223
140

-21. 1
+ 28.6
+ 0.5
-2. 3
-0. 7
+ 7.2
+ 6. 1

+ 10.0
-8.7
+ 25. 1
+ 9.4
-4. 6
+ 2.3
-1.4

234
156

80
100

105
130

131
142

97
125

113
130

130
143

+ 15. 0
+ 10.0

-0.8
+ 0. 7

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

92
92
87
93
92
94
104
100
104
96
85
91
96

87
90
84
85
84
88
102
89
94
90
85
82
94

87
89
85
84
85
91
102
90
95
90
79
83
93

88
92
87
84
85
91
103
94
95
89
88
82
91

+ 1-1
+ 3.4
+ 2.4
0.0
0.0
0.0
+ 1.0
+ 4. 4
0.0

-4.3

July

August September

July

September, September, 1927,
August Septem- from1927,
August, from September
ber, 1926
1927

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

Raw foodstuffs
Raw materials for manufacture _
Manufactured foodstuffs
Other manufactured commodities. _ _
(Unadjusted index)

Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other 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

1

(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)

CHAIN STORES:
Ten -cent (5 chains)
Music (4 chains)
Grocery ( 2 7 chains)
Drugs (9 chains)
Cigar (3 chains)
Candy (5 chains)
Shoe (6 chains)
DEPARTMENT STORES:
Sales (359 stores)
Stocks (314 stores)

_ _ _ _ _

i

145
99

125

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



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

i Since Jan. 1,1921.

102
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
83
83
93
84
89
66
78
75
80

90
89
80
92
92
89
102
93
101
94
84

91
93

» Since July 1,1922.

-1. 1

+ 11.4
-1. 2
-2.2

0.0
0.0

-9. 7
-7. 6
-3. 2
-1.0
-6.0
-8. 7
-7.3
+ 3. 5
-9.9
-5.2

20
INDEXES OF BUSINESS—Continued
Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

1926

July

PER CENT INCREASE (+) OR
DECREASE (— )

1927

August September

July

August September

September, September, 1927,
1927, from
from SeptemAugust, 1927
ber, 1926

EMPLOYMENT— Continued
(Relative to 1923 monthly average as 100)

Amount of pay roll, by industries:
Total, all classes
Food products
Textiles_
_ . _
Iron and steel
Lumber
Leather
Paper and printing
Chemicals
Stone, clay, and glass
Metal products other than iron and steel.
Tobacco products
Vehicles
Miscellaneous

105
107
106
108
106
108
116
110
112
110
112
107
112

2 74
2
85
2
72
2
62
2
84
2
79
2
88
2
85
2
84
2
70
2
78
2
60
2
72

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

89
96
86
84
85
89
87
109
95
87
87
81
100

91
94
87
87
93
93
111
96
101
88
81
86
97

90
96
89
85
94
91
112
99
99
86
91
82
93

+ 1.1
-2.2
+ 0.9
+ 3.1
2 0
-2.3
+ 12.3
-4.7
4 i

-5.3
0.0
+ 7.2
-11.5
-6.0
-3.2
+ 0.9
-3.9
-8.3
-8.5
+ 2.2
-9.9
-6. 1

235
283
373
186
215
304
180

110
88
108
91
122
76
74

136
125
195
152
131
126
85

133
128
166
144
130
130
89

134
121
136
148 j
139 I
134 i
93

130
139
195
131
125
125
81

132
138
172
136
127
136
81

140
134
145
142
137
179
87

+ 6.1
-2.9
-15.7
+ 4.4
+ 7.9
+ 31.6
+ 7.4

+ 4.5
+ 10.7
+ 6.6
-4. 1
-1.4
+ 33.6
-6.5

100
99
99
99
99
100
101
99
100
100
98

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

99
97
98
100
99
101
101
100
100
100
95

100
99
100
99
99
102
101
100
100
100
94

94
98
94
112
94
84
98
87
95
98
89

95
102
94
112
96
84
98
93
95
99
90

97
106
97
113
99
84
98
92
96
99
89

+ 2.1
+ 3.9
+ 3.2
+ 0.9
+ 3. 1
0.0
0.0
.-1. 1
+ 1.1
0.0
-1. 1

-3.0
+ 7.1
-3.0
+ 14. 1
0.0
-17.6
-3.0
-8.0
— 4. 0
-1.0
— 5. 3

-1.1

+ 1. 1
+ 2.3
2 3

PRICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)
All 6
eroups_

;v •
Grains
_ _ _ _
Fruits and vegetables _ _
Meat animals
Dairy and poultry
Cotton and cottonseed _ _
Unclassified

_ _

WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1926)
All commodities

Farm products.
_ _
Food, etc__
~
_
Hides and leather products
Textile products
Fuels
__ _
Metals and metal products
Building materials
Chemicals.
_ _
House-furnishing goods _ _
Miscellaneous
_ _
(Relative to 1913)

Classified by state of manufacture:
Producers' goods
Consumers' goods __

244
249
249

118
146
135

127
162
153

128
160
151

129
161
153

120
154
149

120
155
153

120
158
157

0.0
+ 1.9
+ 2.6

-7.0
-1.9
+ 2.6

218
227

134
115

153
137

153
138

155
139

154
137

156
140

157
144

+ 0.6
+ 2.9

+ 1.3
+ 3. 6

205
219
186
288
3 179
208
123
192

155
139
143
153
3
156
174
118
171

166
157
176
173
158
179
118
174

165
156
175
173
160
180
121
173

167
159
175
174
161
182
121
173

162
153
168
169
160
180
122
173

162
152
169
170
161
181
122
172

Raw materials

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 light. __
Fuel .
Light _ _
Sundries



_

_ __

» Since July 1,1922.

Since Jan. 1,1923.

21
PROSPECTIVE CARLOADINGS, FOURTH QUARTER OF 1927

The loadings of carload commodities by the railroads
for the fourth quarter of 1927 are estimated at almost
2 per cent below the corresponding loadings in the
fourth quarter of 1926 by the regional advisory boards
set up by the American Kailway Association. These
estimates are compiled from detailed reports of committees representing shippers of the various commodities, as described in the August issue of the SURVEY OF
CURRENT BUSINESS, page 20. The boundaries of the
various districts are shown in the accompanying chart.
The estimated decrease in total loadings is due
largely to the decline of 2 per cent in the estimated
coal loadings, as coal makes up about one-third of the
total. Large decreases are also estimated in loadings of
cotton, cottonseed and its products, fresh fruit and hay,
straw and alfalfa, all these groups showing an expected
falling off of from 12 to 25 per cent from a year ago.
The principal increases estimated over a year ago
occur in loadings of grains, while chemicals and explosives, though small in volume, were estimated to make
the greatest relative gain of 10 per cent over the last
quarter of 1926.
The districts estimated to make the greatest
increases over a year ago are the Northwest with 12.5
per cent, the Pacific coast with 9.3 per cent, and the
Pacific Northwest with 5.3 per cent. In the first of
these districts the gain was arrived at largely through
estimated increased loadings of grain; in the second
the loadings of clay, gravel, sand, and stone were
responsible; while in the third both grain and lumber
had a large part in the increased estimates. Small

increases were estimated over the fourth quarter of
1926 for the Atlantic States, Ohio Valley, and central
western districts, while the New England and transMissouri-Kansas districts are estimated to load almost
as many cars as a year ago.
The estimated decreases of from 5.2 to 7.5 per cent
in the Allegheny, Great Lakes, southeast, and midwest districts were thus responsible for the estimated
declines in the total loadings. In the Allegheny district the estimated decrease in coal loadings was the
principal factor in the estimated decrease; in the
Great Lakes district automobiles and clay, gravel,
sand, and stone were leading influences; in the southeast district cotton, cottonseed, and lumber made up
most of the decline and in the midwest district coal
and grain were the principal factors.
REGIONAL ADVISOEY BOARD DISTRICTS

PROSPECTIVE CARLOADINGS, FOURTH QUARTER OF 1927
COMPARED WITH ACTUAL LOADINGS SAME QUARTER OF 1936
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of cars
COMMODITY GROUPS

Actual
1936

Estimated
1937

Per
Number of cars Per
Number
cent
cent
inc.
inc.
Esti(+)
(+)
or dec. Actual mated or dec. Actual
1936
1936
1937
(-)
(-)
District No. 1%
NEW ENGLAND

ALL DISTRICTS

1 Grain, all

._
Flour, meal, and other mill products
Hay, straw, and alfalfa
Cotton
Cottonseed and products, except oil
Citrus fruits
._
Other fresh fruits
Potatoes
,. __
Other fresh vegetables
Livestock
Coal and coke
_.
..
Ore and concentrates
Clay, gravel, sand, and stone 1
Lumber and forest products __
Petroleum and petroleum products
Sugar, sirup, glucose, and molasses
Iron and steel
_
Castings machinery, and boilers
Cement
Brick and clay products
Lime and plaster
Agricultural implements and vehicles (other
than automobiles)
_ _ . . _ _ .
23 Automobiles, trucks, and parts
24 Fertilizers, all kinds
25 Paper, printed matter, and books
26 Chemicals and2 explosives-27 Canned goods .

401, 838
231, 226
95, 976
251 895
139, 874
29, 210
145, 080
93, 866
50, 661
443, 935
3, 343, 830
340, 421
906,098
964, 701
553, 090
52, 311
452, 041
62, 329
189, 235
175, 678
62, 895

431, 900
240, 252
84, 460
190, 483
109, 287
28, 336
121, 146
96, 543
50, 723
438, 039
3, 276, 612
320, 424
929, 427
939, 594
569, 409
54, 106
435, 263
57, 578
196, 545
168, 312
63, 277

+7.5
+3.9
-12.0
-24.4
-21.9
-3.0
-16.5
+2.9
+0.1
-1.3
—2 0
-5.9
+2.6
-2.6
+3.0
+3.4
-3.7
76
+3.9
-4.2
+0.6

2,823
2,539
2,450
1,036
28
83
4,197
13, 151
1,473
1,428
21, 924
93
15, 335
31, 153
23, 262
f 2, 544
3,500
6,944
2,345
4,228
3,938

2,960
2,710
2,400
1,040
30
80
4,190
13, 250
1,400
1,570
21, 900
90
14, 850
31, 150
23, 490
2,575
3,650
6,900
2,300
4,050
3,790

17, 966
167, 050
47, 620
75, 494
64, 600
47, 468

18,084
164, 298
48, 580
80, 479
71, 280
47, 916

+0.7
-1.6
+2.0
+6.6
+10.3
+0.9

669
1,226
1,189
12, 945
2,781
2,110

670
1,225
1,190
13, 050
2,750
2,050

Total, all commodities listed

9, 406, 388

9, 232, 353

-1.9

165,394

165,310

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

i Including crude and powdered gypsum.



2

+4.9
+6.7
-2.0
+0.4
+7.1
36
-0.2
+0.8
-5.0
+10.0
-0.1
-3.2
-3.2

of cars
Estimated
1937

Per
Per
Number of cars
cent
cent
inc.
inc.
( }
Esti(+)
or dec. Actual mated or dec.
1936
1937
(-)
(-)

i-

District No. 8
ATLANTIC STATES

436
532
1,087

445
540
1,274

+2.1
+1.5
+17.2

6,916
99
18
2,934
998, 590

6,833
123
18
2,629
924, 695

-1.2
+24.2

93, 820
11, 845
19, 735
12
190, 685
0,860
10, 947
32, 715
3,643

85, 845
11, 217
21, 116
12
181, 151
5,666
12, 228
33, 467tf
4,616

-8.5
-5.3
+7.0
-5.0
-17.4
+11.7
+2.3
+26.7

1,216
726
1,515
2,947
10, 144
950

+13.6
+7.1
+13.0
+4.0
+6.8
+13.4

+3.4 1, 397, 133 1, 309, 373

-6.3

33, 706
13, 954
11, 451

33, 700
13, 955
11, 450

35, 147
10, 434
10, 042

22, 846
11, 999
11, 247

-35.0
+15.0
+12.0

425, 083
27, 250
117, Oil
40, 230
84, 250
12, 442
92, 900
14, 980
65, 915
24, 113
18, 760

+2.0

+1.0
+1.2
+4.3
-0.6
-1.9
-4.2
-3.8

416, 749
27, 259
113, 054
40, 228
76, 591
11, 965
92, 901
14, 978
61, 603
26, 792
18, 755

+0.8
-1.1
-2.8

8,973
3,593
24, 130
14, 160
7,451

9,870
3,729
26, 543
14, 160
6,333

1, 073, 916 1, 088, 766

District No. 9
ALLEGHENY

+3.5
+10.0
+4.0

+7.6
-10.0

+10.0
+3.8
+10.0
-15.0

1,070
678
1,341
2,834
9,498
838

All canned food products, including catsups, jams, jellies, olives, pickles, preserves, etc.

-10.4
-7.4

22

PROSPECTIVE CAR LOADINGS, FOURTH QUARTER OF 1927—Continued
COMPARED WITH ACTUAL LOADINGS, SAME QUARTER OF 1936
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of
Number of
Number of
Number of
Per
Per
Per
Per
Per
cars
cars
cars
cars
cent
cent
cent
cent
cent
inc.
inc.
inc.
inc.
inc.
( }
(
(+)
(+)
(+)
EstiEstiEstiEstiEsti#
Actual mated or dec. Actual mated or dec. Actual mated or dec. Actual mated or dec. Actual mated or dec.
1926
1926
1926
1926
1926
(-)
(-)
(-)
(-)
(-)
1927
1927
1927
1927
1927
Number of
cars

i

COMMODITY GROUPS

District No. 2
GREAT LAKES

1 Grain, all

2
3
4
5
6

__
_ _ _
Flour, meal, and other mill products _ _
Hay, straw, and alfalfa
Cotton . ._
Cottonseed and products, except oil
Citrus fruits

-11.7
-3.1
-36.9

7,456
19,096
4,026
101, 508
76. 096
15, 724

7, 839
+5. 1 41, 393
20,051 +5.0
3,596
4, 630 +15. 0
76, 131 i -25.0
60, 877 -20. 0
16,243; +3.3

+4.4

3, 465

-3. 6

4,000
4,700
2,500
11, 030
27, 750
86, 840

—21 7 17, 966 13 079! —27 2
2,113
-4.0
-30. 9
2,201
3.365
-21.9
3,567
+6.0
-17.9 13, 386 14, 591
+9.0 25, 742 26, 410
-0.9 993, 018 1,034,499
-2.0 194, 529 192, 854
+2.9 37, 682 36, 154
-4.0

Clay, gravel, sand, and stone l
.._ _
Lumber and forest products
Petroleum and petroleum products
Sugar, sirup, glucose, and molasses
Iron and steel

92, 572
8, 457
16, 594
3,059
43, 077

83, 500
6,460
16,000
3,500
36, 600

-9.8 165, 184 171, 682
-23.6 339, 888 306,417
-3.6 58,614 65, 648
+14.4
8,541
8,114
-15.0 27, 271 25, 362

+3.9 102, 535
-9.8 2,952
+12.0
-5.0
-7.0 18, 989

Castings, machinerv, and boilers
Cement
.
._ _ .
Brick and clay products.
Lime and plaster
Agricultural implements and vehicles,
other than automobiles

13, 046
12, 288
10, 882
11, 564

10,000
15, 000
8,000
9,000

-23.3 3,481 2,924
+22.1 19, 661 21, 430
-26. 5 29, 196 29, 196
-22.2
6,151
6,766

-16.0
+9.0
+10.0

2,017

1,450

-28. 1

1,924

2,116

+10.0

112,314 103,407
1,125
1,110
14, 679 15,000
12, 624 16, 500
3,207
3,405

7 9
-1.3
+2.2
+30.7
-5.8

5,767
30, 818
1,828
11,918
5,411

5,767
31, 434
2,102
12, 514
5,952

Other fresh fruits
Potatoes
. _O ther fresh vegetables
Livestock
Coal and coke
Ore and concentrates

13
14
15
16
17
18
19
20
21
22

5,108

___

.

Automobiles, trucks, and parts
Fertilizers, all kinds .
Paper, printed matter, and books
Chemicals and2 explosives
Canned goods
Total, all commodities listed

571, 470 528, 804

-7.5 1,208,688 1,145,553

District No. 5
TRANS-MISSOURIKANSAS
+0.3
-0.8
-12.7

7
8
9
10
11
12

Other fresh fruits
Potatoes.
Other fresh vegetables
Livestock
Coal and coke._.
Ore and concentrates

3,969
666
375
69, 512
(3)
8,675

1,732
500
378
68, 500
(3)
7,067

-56.4
-24.9
+0.9
-1.5

13
14
15
16
17

Clay, gravel, sand, and stone *_
Lumber and forest products
Petroleum and petroleum products
Sugar, sirup, glucose, and molasses
Iron and steel .__

45, 041
40, 420
72,006

49, 000
35, 902
77, 046

+8.8 53, 432 59, 844
-11.2 112,917 129, 855
+7.0 179, 348 170, 381

6,044

6,600

+9.2

18
19
20
21
22

Castings, machinery, and boilers
Cement
Brick and clay products
Lime and plaster
Agricultural implements and vehicles,
other than automobiles

1,148
14, 091
16, 000
3,600

1, 096
14, 100
16,400
4,000

+2.5
+11.1

972

1,000

+2.9

23
24
25
26
27

Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books
Chemicals and2 explosives
Canned goods _.
_.
__

9,496

9,500

Total, all commodities listed

402, 681 401, 821

-18.5

+2.0
+15.0
+5.0
+10.0

78, 000
34,000
12, 000
389
600
40

-10.0
+6.4
+3.5

-2.3
+6.8
+0.3
-13.3
-2.8

-20. 0 141, 842 135, 000
-9. 1 71,849 70, 000
24, 760 27, 000
6,860
6,800
+3. 0 52, 798 52, 000

-4.8
-2.6
+9.0
-0.9
-1.5

12,508
20,044
25, 312
8,545

-5.2
-13.1
+5.3

17, 504
13, 781

-0.8

6,397
5,480
8,657

9,146
5,382
7,707

+43.0
-1.8
-11.0

2.6

12, 500
19, 000
22,000
9,000

+70.0
+19.0
-63.1

683
14, 172
1, 995
76, 935
71, 074
63, 983

683
14, 850
1,995
67, 703
92, 396
51, 187

-12.0
+30.0
-20.0

9,407
19,325

9,661
20,950

+2.7
+8.4

1,228
2,180

1,228
2,180

782
1,346
1,793
483

782
1,346
1,793
483

+2.6
-2.4

6, 655
6,500
6,991
7,000
6,149
6,200
+2. 6 113. 710 114, 000
+4. 2 461, 194 400, 000
66, 900 65, 000

17,975
13, 888

61, 622 104, 750
39, 078 46, 500
8,135
3,000

9,533

9,500

-0.3

977

12,912
2,387
5,374
7,621
11,469

15,720
2,500
5,100
7,800
12,000

+21.7
+4.7
-5.1
+2.3
+4.6

1,334
694
1,078
298
1,243

+2.0 1,206,643 1,129,649

District No. 10
CENTRAL-WESTERN

+4.8

1,087

+11.3

1,334
694
1,155
298
1,243

+7.1

-6.4 379, 845 427, 298

+12.5

District No. 11
PACIFIC COAST

District No. 14
PACIFIC NORTHWEST

50 1
-10.0
+10.0
-25.0
25.0

29, 043
11, 029
10, 838

37, 500
11, 500
10, 050

+29.1
+4.3
-7.3

6,285
6,798
8,312
4,132
1.536
12, 889

6,050
7,100
7,950
4,300
1,560
11,500

-3.7
+4.4
-4.4
+4.1
+1.6
-10.8

15, 557
8,235
4,775

22, 710
9,058
4,400

+46.0
+10.0
-7.9

4,388
2, 218
2,024
40, 275
29. 345
525

-10. 0
+5.0

4, 765 5,800
29,432 32, 100

+21.7
+9.1

+20.0 70, 450 68, 000
+10.0 107, 940 103, 500
-10.0 12,316 11, 100

-3.5
-4.1
-9.9

28, 169
2,325
19, 788
19, 451
10, 355
34, 530

29,050
1,800
18, 600
20, 300
10, 800
31,800

+3.1
-22.6
-6.0
+4.4
+4.3
-7.9

26, 630
5,483
2,230
3, 388
13, 471
4,007

22, 045
5,890
2,794
3,031
13, 790
3,411

-17.2
+7.4
+25.3
-10.5
+2.4
-14.9

4, 875
2. 113
2,024
33, 563
26, 678
583

7,719
8,975

2,198
7,992
8,869
5,966

2,308
8,631
9,312
6, 562

+5.0
+8.0
+5.0
+10.0

804

1,045

15, 500
5,600
27, 000
6,000
2, 500

+10.4
2 5

-e!o

+5.1
+3.6

55, 215 100, 200
82, 428 70, 559
45, 809 49,000
5,366
5,700
3,125
3,027

+81.5 4,619
5,305
14 4 197, 493 208, 570
+7.0
7,646 8,478
+6.2
16
9
+3.2
609
670

+14.9
+5.6
+10.9
+77.8
+10.0

3,415
1,302

3, 500
1,350

+2.5
+3.7

14, 273
3,135

12, 200
3,150

-14.5
+0.4

384
3,255
1,565
250

422
3,391
1,700
300

+9.9
+4.2
+8.6
+20.0

2,350

463
334
1,609
301
3,568

115
367
1,782
299
3,560

-75.2
+9.9
+10.8

+9.3 305, 881 322, 104

+5.3

+30.0

5,138
659
362
2,129
1,321

14, 042
5, 746
28, 725
5,709
2,412

2,352

7,018
8,548

+12.0
+15.0
-5.0
+10.0
+5.0

+20.0

-0.2 734, 732 689, 509

+5.0

1,014

1,200

-6. 2 338, 178 342, 200

1 Including crude and powdered gypsum.
2
All canned food products, including catsups, jams, jellies, olives, pickles, preserves, etc.
3 Np figures available, on account of suspension not possible to estimate car loadings,.




19, 550

86, 661
31, 954
11,597
389
588
41

District No. 3
NORTHWEST

37, 567 18, 748
18, 875 16, 988
5,441
4,947
144, 830 108, 623
61, 626 46,220
473
473

5,138
659
302
2,129
1,258

-4.5

82, 029
2, 684

-5.21,240,622 1,265,355

District No. 7
SOUTHWEST

Grain, all
49,833 50,000
Flour, meal, and other mill products. . 49, 378 49, 000
Hav, straw, and alfalfa
11,455 10,000
Cotton
Cottonseed and products, except oil__.
Citr us fruits
...

1
2
3
4
5
6

District No. 1
MID-WEST

43, 198

6,799
3,202
13, 436
28, 308
84, 393

7
8
9
10
11
12

23
24
25
26
27

29, 456 26, 000
29, 758 28, 850
13, 307 8,400

District No. 4
OHIO VALLEY

District No. 6
SOUTHEAST

+18.3

+1.2

2,058
3,270
9,701

4,731 +129.9
4, 686 +43. 3
10, 100
+4. 1

381, 205 416,611

-0.2

23

LONG-TERM INDEXES OF COMMON STOCK MARKET VALUES
(Averages of weekly indexes. Average 1917-1921=100)
1918

1919

1920

1921

1922

1923

i

1924

1925

1926

1927

M ONTH

TIRE AND RUBBER STOCKS
-

May

-

July

-

\UgUSt

- - - - -

--

September
M mhpr
December
\lonthlv average

128.8
109.7
117.9
116.2

61.8
61.9
60.9
63.2

51.6
50.9
57.2
62. 1

53.5
56.6
58.6
56.8

35.2
32.5
27.7
24.1

39.8
40.3
39.8

«,

66.0
66.1
57.5
51.7

47.0
50.2
53.1
52.6

60.0
61.9
64.1
64.4

-

85.8
91.3
101.2
110.3
120. 6
131.8
145.5
134.0

103.6
102.5
101. 3
84.0

65.6
53.1
48.8
45.6

63.4
59.4
57.2
51.4

49.3
40.4
36.1
34. 5

23.7
22.5
25.1
29.0

45.6
47.9
55. 1
52.2

46.4
49.3
47.9
50. 6

49.1
44.4
45.7
50.6

132.6
142. 1
132.3
129.7

82.7
72.6
63.0
52.9

48.0
47.8
47.3
52.5

50.6
49.8
46.3
48.7

34.4
29.1
30.6
32.2

30. 1
30.4
32.5
37.5

55.2
64.9
68.6
65.0

50.4
45.9
46.1
46.2

57. G

63.7 i

-

54.9
59.6
57.6
57.8

62.7
66.9
73.8
81.0

January
February
Miarch
\pril

121.4

94. 6

54. 7

54. 1

42.7

29.2

51. 4

52. 0

THEATER STOCKS
-

-

- - -

124.6
108.4
116.2
1 21. 6

May

June
J U Jy

September
October
November
December

•~ -

Ivtontbly average

- - ---

88. 2
91. 9
91. 4
88. 3

78. 5
75. 7
76. 2
76. 8

108.2
107.3
110.3
116.9

144.7
149.0
145.7
145. 1

167. 5
175. 9
186. 6
180.2

87.4
69. 3
60.9
60.9

83.2
79.2
78.8
86.3

82. 2
78. 2
73. 7
73. 8

76. 5
77. 8
82. 9
84. 5

122. 4
122.4
124.9
133. 6

147.3
149. 9
148.4
153.0

179. 0
170.8
162. 7
166. 6

66.9
06. 7
70.7
70.7

99.9
102.0
92.4
90.6

84. 5
86. 1
92. 6
106. 0

136. 6
141.8
146. 5
142. 7

154. 4
156.4
159.4
164. 1

169.9

102.7

i

--

69.2
69.5
75.0
82.2

112.2
109. 9
103.8
90.9

- - -

80.0
83.3
85.8
90. 1

94. 1
91.9
84.6
74.7

iHiiiwrv
February
Anarch
\pril

74.4

83. 2

126. 1

151. 5

76. 5
75. 9
75. 2 i
79. 6

84.0 ^'81.3

RAILROAD EQUIPMENT STOCKS
January
February
March
\pril . -.

73.9
77.3
77.7
77.4

80.0
79.4
83.5
87.5

112.8
106.7
113.5
114.8

95.0
95.4
95.5
93. 5

101.9
103. 7
105.3
110.4

124.4
129.9
133.4
131.2

126.6
128. 5
125.7
119.6

156.7
158.4
158.5
151. 3

173.7
168.7
156.2
151.7

176. 3
185.2
189.7
187.3

May
June
July

79.3
80.3
81.6
82.7

98.5
102. 5
110.3
104.7

108.1
108.9
109.4
105.6

94. 9
88.0
87.4
84.1

113.1
114.4
112.0
118.7

125. 5
121. 8
115.2
118.8

1 20. 5
122.1
128.2
128.9

153. 1
151.7
152.3
161.2

152.3
161.3
165.3
171. 4

196.0
201. 2
203. 6
212.5

82.8
81.1
80.7
81 1

113. 2
118.0
113. 1
111 2

106.5
106.5
100.1
92.3

87.8
88.5
95.1
101.7

126.5
128.2
121.0
125. 1

119.3
116.8
122.0
124.1

128.6
127.4
133.7
145.5

168.9
168.2
170.7
172.8

171.7
165.1
172.3
180.0

216.1

90.0

100. 2

107. 1

92.2

115.0

123.5

127.9

160. 3

165. 8

\UgUSt

September
0 ct ober
November

_._

Monthlv average

MACHINERY MANUFACTURING STOCKS
J anuar v
February
i\/j arch
\ pril

-

68.5
76.0
75.6
78.3

86. 4
86.3
91.6
99.6

126. 1
110.7
116. 4
116.3

82.2
86.1
77.8
80.0

66. 9
70.6
74.5
82.6

71.6
79.2
79.4
78.4

70.5
68.1
66.4
65.1

94.8
91.3
88.3
85.5

105. 6
101. 9
92.2
90.2

94. 1
96. 9
96. 9
102.3

- - -

86.7
86.3
89.4
91.4

105.6
109.9
117.2
106.9

102.7
105.2
105.3
96.2

78.6
67.4
62. 1
58. 3

84.4
82.2
82. 0
83.3

71.7
66.3
64. 2
67.3

62.1
64.7
70.5
72.5

86.5
87.7
92.7
92. 3

90.5
94.2
95.2
95.2

106. 9
107. 2
107.8
106. 2

89.9
84.3
83.3
85.3

114.1
129. 4
122, 9
123.9

96.8
94.3
88.8
78.4

62.3
61.7
62.4
64.9

84.6
81.0
69.2
70.0

65.8
62.1
63.2
66.1

74.5
72.5
77.2
90.4

99.3
101. 2
103.0
106.2

93.5
90.7
89.5
91.4

110. 0

83.0

107.8

103.1

70.3

77.6

69.6

71.2

94.1

94.2

- -

-"•

May
June
July
\ ugust
September
October _
November
December

--

.-

y

i Compiled by Standard Statistics Co. (Inc.}. The indexes are weighted by the number of shares of each stock outstanding, the Saturday market closing prices or the last
previous sale price being used. Weekly indexes have been averaged to give monthly data. For tires and rubber, 7 stocks are included; for theaters, 3; for railroad equipment, 10; for machinery, 5, Similar data for other groups were published in the October SURVEY (No. 74), pp. 21 and 22.




24
REVISED INDEXES OF WHOLESALE PRICES
Farm
products

Food,
etc.

YEAR AND^MONTH

Hides and Textiles Fuel and Metals, Building
leather
and metal
products products lighting products materials

Chemicals and
drugs

Housefurnishing goods

Miscellaneous

All commodities

Relative to 1926
January
February
March
April

1933

99. 6
100.0
100.2
98. 5

92.3
91.2
92.6
93.3

107.6
108.6
109.4
109.3

110.2
111.8
113.4
114.4

108.4
111.8
110.6
105.6

105.0
107.1
110.8
112.8

107.1
109.4
112.2
115.5

101.3
102.0
103.6
104.1

1G9.4
109.6
109.6
110.4

99.8
102.7
103.4
102.4

May
June
July
August

96.7
96.0
94.0
95. 8

92.3
91.7
90.5

108.8
105.5
103.3
102.1

113.0
110.5
107.9
106.7

99.3
97.6
93.6
91.4

111.7
110.3
111.8
110.5

114.3
111.1
108.9
107.1

102.3
100.1
99.4
98.8

110.5
110.6
110.2
108.8

100.8
97.0
96.7
97.5

September
October
November...
December...

100.0
100. 6
101. 8
101.0

94.0
95.8
95.1
92.9

100.7
100.3
97.9
99.2

110.2
111.1
111.4
112.7

90.0
88.6
85.5
85.6

110.3
106.7
106.5
107.0

105.4
105. 7
104.9
103.6

99.4
100.3
101.4
101.2

108.8
108.9
106.8
107.2

97.4
96.3
96.3
95.5

98. 6

92.7

104.2

111.3

97.3

109.3

108.7

101.1

108.9

101.4
98.8
95. 7
97.3

91.4
90.8
89.2
86.7

100.1
102.9
102.3
101.0

112.3
1C9.1
106.8
105.0

98.9
98.0
96.2

108.0
108.5
108.9
106.8

105.1
105.7
105.5
105.0

100.1
99.4
98.7
98.2

106.7
106.7
106.5
106.4

97.4
95.7
93.9
94.2

May
June....
July
August

95.1
94.3
98.6
102.0

85.3
86.5
87.4
90.3

100.2
99.2
99.3
100.8

104.7
103.6
103.7
105.6

94.2
91.4
90.0
87.7

105.2
104.3
103.7
104.9

104.3
100.8
99.2
99.7

95.9
96.2

104.9
104.4
103.8
103.9

91.8
90.5
92.0
93.8

September
October
November
December

100.4
103. 2
103. 6
108. 3

92.8
94.9
97.1
99.3

100.7
101.9
103.7
106.6

104.9
106.4
107.7 I
107.8 !

88.2
86.9
88.0
90.3

104.2
103.8
104.5
105.6

99.9
99.8
100.5
101.8

99.6
101.2
101.5

104.0
104.0
104.6
104.8

95.1
97.4
98.5
105.9

100.0

91.0

101.4

106.7

92.0

106.3

102.3

98.9

104.9

95.5

113. 8
112.4
112. 8
107. 6

99.7
97.7
99.1
97.3

109.9
110.9
109.1
106.5

108.8
109.2
109.4
108.6

91.5
100.6
98.1
94.6

106.5
106.1
105.4
103.5

103.8
105.2
103.3
101.1

102.7
101.6
101.5
100.9

104.5
104.5
103.7
103.9

101.7
99.0
100.3
105.5

May
_
June
_
July
August

107.3
109. 3
112.1
111. 6

96.7
97.8
99.4
101.2

104.3
103.5
104.3
104.1

107.7
106.9
107.1
107.4

95.5
99.0
98.2
95.5

103.0
102.8
102.9
101.7

101.4
99.6
99.3
100.6

100.7
100.2
100.4
101.4

103.9
103.4
102.9
102.9

110.0
117.1
126.5
118.0

September..
October..
November
December

110.0
107.0
108.1
105.4

101.6
103.8
106.2
102.4

1G3.6
103.1
103.1
103.6

107.6
108.3
107.7
107.0

94.1
95.1
97.6
98.3

100.9
100.7
101.4
101.2

101.1
101.3
101.5
101.9

102.6
103.0
103.6
102.8

102.4
102.9
102.1
102.1

120.0
121.9
124.4
121.5

109. 8

100.2

105.4

108.3

96.5

103.2

101.7

101.8

103.1

113.9

107.4
105.1
101.7
102. 8

102.6
100.5
99.1
100. 4

103.3
101.4
100.1
98.7

106.3
105.2
103.0
101.3

99.1
98.1
97.7

99.3
98.8

102.3
101.8
101.1
100.0

101.6
100.8
100.2

101.4
101.0
100.9
100.8

116.8
109.0
106.3
103.9

102.4
100.9
98.6
97. 2

100.1
100.5
98.8
97.5

98.8
99.0
99.7

ICO. 1
99.4
98.5
98.5

100.8
101.0
99.5
100.6

98.3
99.1
100.7
101.0

99.1
98.9
99.4
99.5

100.2
100.9
100.4

100.2
100.0

102.5
101.0
97.5
95.4

99.3
97.9
94.7
94.9

99.8
100.8
100.5
100.7

98.8
101.0
100.4
100.4

98.9
97.7
96.3
95.2

101.5
101.3
102.5
99.4

101.2
101.0
100.8
100.4

99.5
99.5
100.1
99.2

100.2
99.1

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

100.0

96.5
95.4
94. 2
94.3

96.9
95.9
94.5
94.6

101.0
100.2
100.5
101.7

94.3
94.6
94.0
94.2

97.7
95.8
90.0
84.9

98.0
98.2
97.8

97.5
96.2
95.3
95.0

97.6
97.6
97.1
97.8

97.9
97.9
97.8
97.8

90.3
90.6
90.9
91.3

96.3
96. 5
97.6
102.2
105.9

94.4
94.4
93.9
94.2
96.5

103.7
107.3
111.7
111.7
112.5

93.9
94.3
94.3
96.2
98.5

84.2
84.2
84.1
84 2

98.2
97.7
98.0
97.6

95.1
94.6
93.7
92.9
92.1

95.4
95.8
95.3
95.4
96.4

97.8
98.0
98.0
98.6
98.6

91.3
90.2
89.3
89.9
89.2

Monthly average
January
February
March
April

1934

Monthly average
January
February..
March
April

1935

Monthly average
January
February
March
April

1936
T

I

May
June
July
August

September
October
November...
December
Monthly average
January
February
March
April

1937

May
June
July..
August
September

_

94.2
93.4
90.8

98.8

* Compiled by the United States Department of Labor, Bureau of Labor Statistics, revising the previous index numbers. This new index is composed of monthly averages
of weekly quotations covering 550 price series, arranged in 10 groups. In computing this index, the price of each commodity is weighted by multiplying it by the estimated
average quantity marketed in the years 1923 to 1925, or 1923 and 1925 in the case of most manufactured commodities, the census data being used for those years. The
base yearjaasjbeen taken as 1926, andithe index has not been carried back farther than 1923 at the present time.




25
NATIONAL ADVERTISING IN NEWSPAPERS '
[Thousands of lines]

YEAR AND MONTH

June
July
August

Total

Toilet
Food,
BailAuto- Auto- Cigars,
HouseMusi- Radio roads
articles Wom- Miscigamobile mobile rettes, Finan- grocer- Hotels hold Men's cal
and
and
ies,
and
and
en's
cellaadver- accescial bever- resorts furni- cloth- instru- elec- steam- Shoes medical wear neous
and
ing ments trical
tising sories tobacco
ture
prepaages
ships
rations

1935
22, 401
17, 518
19, 041

3,049
3 566
5,843

1,679
1,332
1,209

1,048
1 161
912

1,075
997
653

3,996
3 686
2 407

953
883
464

416
205
405

465
192
73

99
35
45

371
251
269

2 289
1 886
1 468

222
125
36

3,341
3 171
2 829

73
28
28

3 325
None
2 400

22, 982
29 895
28 216
18, 869

4,878
5 196
4,615
2,823

1,432
1 271
975
514

799
1 657
1 968
1,365

903
1 023
906
967

2 739
4 277
3*881
2 160

221
291
396
499

991
1 094
*568
276

369
550
343
161

64
213
326
200

829
1 835
2*238
2 162

1 358
1 319
1*376
1 475

212
254
222
271

3 646
5 989
6 256
3 170

223
383
209
60

4 313
4 543
3*937
2 766

22, 271
24 326
30, 433
30 234

5,209
5 948
6,272
5 697

620
505
828
1,247

1,477
1,858
1,760
2 499

1,153
823
1,154
925

2,410
2 371
4,146
4 597

413
262
279
383

138
248
677
1 233

29
72
351
475

78
199
226
113

1,149
1 177
1 109
796

1,232
1 035
1 082
1 908

47
44
221
270

5,664
6 743
8 070
5 695

26
62
285
321

2,626
2 979
3 973
4 075

May
June
July
August

31 725
29 500
24, 680
24 554

6 160
5 019
5,487
7 5^2

2 347
2,379
1,951
1 761

2 406
2,528
2,241
2 356

708
918
895
505

4 687
4 565
3,533
2 792

658
965
724
385

990
549
278
278

572
538
172
53

119
90
73
67

859
944
634
774

2 689
2*909
2 247
1 887

269
149
49
BO

4 798
4 052
3,564
3 195

187
73
30
41

4 276
3 822
2,802
2 888

September
October
November
December

26, 728
29 554
27, 861
19 747

5,902
5,598
4,003
2 352

1,820
1,355
1,326
1 351

2,267
1,938
2,624
1 527

741
784
865
927

3,011
3 680
3,458
2 088

188
219
281
395

780
1 054
448
243

334
438
337
236

179
300
385
454

1,510
2 156
2,226
2 334

1,412
1 441
1,826
1 751

207
205
206
254

3,967
6 004
6,117
3 008

180
305
164
95

4,230
4 077
3,595
2 732

1927
January. _
February
March
April

22, 953
26, 718
29 500
29, 785

5,352
5,593
5 267
5,622

1,028
1,107
1 085
1 460

1,257
2,720
3 153
3,057

905
922
923
894

2 239
3,102
3 983
4 336

315
202
537
389

148
274
306
1 412

26
37
294
492

184
161
103
186

1 370
1,439
1 214
968

1 275
1,300
1 235
1 733

116
65
162
240

5 312
6,688
6 983
4,792

31
104
215
283

3,395
3,004
4,040
3,921

32, 175
29, 497
24, 668
22, 704

6,202
5,019
5,487
5,161

2,627
2,379
1 950
1,572

2,610
2,527
2 241
2,776

911
918
895
601

4,752
4,565
3 533
3 325

804
965
724
344

1 101
549
278
262

450
538
172
99

110
90
73
59

875
944
624
548

2 530
2,909
2 246
1,701

205
148
49
30

4,547
4,052
3 564
3,087

205
72
30
42

4,246
3,822
2,802
2,497

. .

September _
October
November
December
January
February
March
\pril

__

1926

May
June
July
August

_

i Compiled by Printers' Ink Monthly, showing the amount of national advertising of various classes appearing in newspapers of 43 identical cities. National advertising
is believed to represent from 15 to 20 per cent of the total advertising appearing in newspapers.

RENTAL ADVERTISEMENTS
1933

1933

IN PORTLAND, OREG.1
1934

1935

1936

PRINTING ACTIVITY i
1933

1937

MONTH
Number
January
February _ _
March
April
Mav
June .
July
August .
September
.
October
November
December
Total
Monthly average

1933

1934

1935

1936

1937

MONTH

13, 131
13, 332
17, 1£3
16,884
16,911
17, 598
17,325
17,445
18, 432
20, 025
18, 030
14, 769

__

14, 880
13, 755
18,309
19, 413
18, 900
17, 130
15, 900
15,795
18,126
17, 265
14, 919
12, 468

11, 208
13,119
16, 569
17,214
19, 584
18, 414
17, 802
19, 860
21, 168
21, 549
20, 022
15, 690

16,815
16, 092
18, 546
17, 577
18, 576
16,455
15, 045
17,868
21,258
19, 905
18, 576
15, 660

Index of productive hours, relative to 1923
17,226
15,126
17,898
17, 334
17, 793
15, 984
14, 091
17, 043
18, 171
18, 162
14, 802
10, 908

11, 730
12, 936
11, 655
11,814
12,942
10, 980
10, 449
11, 820

201, 045 196, 860 212, 199 212, 373 194, 538
16, 754 16, 405 17, 683 17, 698 16, 212

* Compiled by the Portland Association of Building Owners and Managers, showing
the number of advertisements, computed from the number of inches, carried in
leading newspapers of Portland, Oreg., each month of houses, apartments, and rooms
for rent.

69025—27——4




January
February . .
March...
April _
May
June
July
August
September
October
November
December

. _

Monthly average

99.0
101.4
104.5
101.6
96.8
87.9
90.3
94.7
98.9
102.9
103.0

103.2
103.9
106.3
104.8
104.8
94.3
89.7
87.2
99.0
102.8
102.2
101.1

101.7
106.3
106.9
107.9
104.9
95.3
86.8
86.5
95.1
98.3
100.5
103.4

100.3
102.3
109.2
107.2
104.1
95.1
89.0
91.5
98.5
104.4
106.8
104.5

103.0
102.6
106.2
105.3
99.5
97.8
87.2
91.9
101.9
102.9
103.2
101.9

a 98. 3

100.0

99.5

101.1

103.6
107.6
109.6
107.4
107.3
98.7
90.4
88.7

100.3

i Compiled by the United Typothetae of America and based on productive hours
reported by job printing plants in 52 cities in 30 States, each department being
weighted for the combined index.
211 months' average.

26

TOTAL PRODUCTION OF ELECTRIC POWER AND CONSUMPTION OF FUELS '
1920

1919

1921

1923

1923

1924

1925

1926

1919

1927

1920

1922

1921

1923

1925

1924

PRODUCTION OF ELECTRIC POWER
(Millions of kilowatt hours)

January
February
March
April
M!ay
June
July
4ugust
September
October
November
December..

_

.

3,538
3,172
3,399
3,240
3, 264
3,246
3,275
3,420
3,378
3,578
3,646
3,820

3,807
3,463
3,819
3,593
3,819
3,833
3,866
4,069
4,042
4,329
4,408
4,605

4,736
4,311
4,708
4,457
4,635
4,499
4,510
4,638
4,503
4,912
4,813
4,943

5,193 5,573
4,846 5,001
4,992 5,392
4,740 5,181
4,788 5,240
4,547 5,246
4, 6.04 5, 389
4,727 5,465
4,795 5,495
5,188 5,949
5,057 5,786
5,537 6,153

6,159
5,629
6,178
5, 812
5,849
5,920
5,955
6,175
6,221
6,594
6,482
6,817

2,572
2,312
2,318
2,093
2,082
2,143
1,918 2,223
2,324
2,070 2,305
2,250 2,402
2,310
2,331
1,830
1,832
1,710

_

_-

Total
Monthly average

.

2,187
1,970
2,050
1,931
1,941
2,030
2,049
2,216
2,274
2,437
2,422
2,498

2,513
2,245
2,354
2,108
2,176
2,247
2,314
2,581
2,692
2,981
3,047
3,189

3,135 3,522
2,856 3,280
3,008 3,278
2,689 2,890
2,732 2,845
2,765 2,849
2,884 3,010
3,096 3,219
3,069 3,311
3,475 3,560
3,336 3,492
3,277 3,788

3,879
3,258
3,352
3,159
3,213
3,399
3,511
3,695
3,885
4,148
3,839
4,176

4,175
3,698
3,891
3,466
3,507
3,662
3,932
4,077
4,143
4,412
4,227
4,412

4,376
3,885
4,130
3,850
3,911
3,943
4,021
2,247

1,211
1,096
1,190

3,804
3,336
3,484
2,290
3,254
3,229
3,326
3,486

1,350
1,202
1,349
1,309
1,323
1,216
1,226
1,204
1,104
1,141
1,224
1,322

1,294
1,218
1,465
1,485
1,643
1,585
1,552
1,489
1,351
1,347
1,361
1,417

1,601
1,455
1,700
1,768
1,903
1,735
1,626
1,542
1,434
1,437
1,476
1,666

1,670 1,695
1,566 1,742
1,715 2,040
1,849 2,022
1,942 2,027
1,698 1,847
1,595 1,878
1,509 1,770
1,484 1,610
1,628 1,801
1,564 1,947
1,749 1,977

1,108
996
950
824
856
920
1,010
1,312
1,365
1,309
1,240
1,307

1,617
1,444
1,542
1,233
1,208
1,343
1,432
1,503
1,389
1,405
1,140
2,374

1,027
729
715
639
607
625
704
761
916
914
959
803

25,189 13, 123 12, 045 13, 197 14, 684 16, 630 10, 246
2865 1,094 1,004 1,100 1,224 1,386
854

9,399
783

995

1,112
1,210

1,290
1,170
1,061
911
923
1,077
1,190
1,200
1,221
1,169
961
950

897
781
851
843
853
916
1,028
1,165
1,190
1,182
1,147
1,192

1,257
1,158
1,151
981
1,012
1,036
1,174
1,353
1,322
1,376
1,380
1,484

821
670
638
549
487
475
475
493

GAS
(Millions of cubic feet)

1,984
1,932
2,287
2,346
2,342
2,258
2,023
2,098
2,078
2,181
2,255
2,405

2,354
2,196
2,587
2,566
2,671
2,532
2,435
2,386

2

7, 253 16, 150 14, 970 17, 207 19, 343 19, 969 22, 356 26, 189
2 1,209 1,346 1,248 1,434 1,612 1,664 1,863 2,182

Total
Monthly average
1
2

1,250
1,140
1,385
1,446
1,479
1,383
1,362
1,352
1,289
1,307
1,352
1,405

3,723
3,146
3,202
2,979
2,998
3,128
3,198
3,381
3,477
3,715
3,471
3,804

1,374
992
834
699
675
791
853
759
814
854
790
811

656
633
583

BY WATER POWER

1,146
1, 305
1,305

3,670
3,334
3,244
2,898
1,823
2,690
2,789
2,945
3,012
3,222
3,294
3,635

OIL
(Thousands of barrels)

11, 610 27,405 26,005 30, 447 36, 322 39,044 43, 514 47, 602
. . 1,935 2,284 2,167 2,537 3,027 3,254 3,626 3,967

January.
February
March
April
May
June .
July
August
__ _
September
October
November
December

3,567
3,252
3,357
2,981
2,953
2,958
3,050
3,218
3,179
3,589
3,466
3,396

216,898 37, 124 31, 585 34, 179 38, 966 37, 556 40,222 41,311
2 2, 816 3,094 2,632 2,848 3,247 3,130 3,352 3,443

BY FUELS
January
February _ _
March. .
April
M!ay
June
July
August
September
October
.
November
December

2,950
2,597
2,718
2,452
2, 471
2,486
2,563
2,818
2,901
3,278
3,348
3,597

3,585 2,974
2,866 3,233 2,629
2,913 3,256 2,642
2,643 2,916 2,416
2,824 2,415
2,849 2,439
2,657 2,937 2, 462
3,010 2,579
2,768 3, 004 2,589
3,051 3,157 2,759
3,155 2,778
3,198 2,903

6,730
6,080
6,717
6,416
6,582
6,475
6,446
6,632

218,863 43, 555 40, 976 47, 653 55, 665 59, 014 65, 870 73,791
2
3, 144 3,630 3,415 3,971 4,63S 4,918 5,489 6,149

Total
Monthly average

3,711
3,298
3,490
3,125
3,083
3,172
3,362
3,450
3,483
3,697
3,591
3,849

COAL
(Thousands of short tons)

3,823
2,976 3,451
3, 138 3,703
3,015 3,539
3,561
3,527
3,128 3,584
3,676
3,166 3,595
3,440 3,708
3,662
3,726

_

1927

CONSUMPTION OF FUELS

TOTAL

MONTH

1926

1,412
1,767
1,860

2,057
1,901
1,996

1,428
1,314
1,574
1,804
2,120
2,256
2,596
2,709
2,714
2,405
1,909
1,873

1,713 1,632
1,457 1,600
1,552 1,599
1,859 1,850
1,994 2,213
2,071 2,345
1,933 2,607
2,316 3,056
2,368 3,125
2,281 2,834
2,213 2,383
1,964 1,928

2,080
1,824
2,272
2,298
2,791
2,860
3,170
3,378
3,197
2,897
2,205
2,511

2,435
2,585
3,174
2,800
2,018
4,264
5,072
5,391
5,884
6,163
4,632
3,025

2,954
2,536
3,311
3,453
3,520
3,762
4,294
4,892
5, 185
4,595
4,257
3,762

3,884
3,534
4,077
3,654
3,932
4,265
5,591
5,778
5,209
5,368
4,067
3,848

3,999
3,940
4,399
4,579
4,923
5,302
5,690
6,361

2 10, 993 24, 702 23, 721 27, 172 31, 483 48, 443 46, 521 53, 207
2 1, 832 2,059 1,977 2,264 2,624 4,037 3,877 4,434

Compiled by the U. S. Department of the Interior, Geological Survey, representing total production of electric power and consumption of fuels therein.
Six months; data for other months not available.

ELECTRIC POWER PRODUCTION IN CANADA (CENTRAL ELECTRIC STATIONS)1
[In thousands of kilowatt hours]
GENERATED BY WATER
POWER

TOTAL

GENERATED BY
FUELS

EXPORTED

MONTH
1925

January
February
March..
April
MayJune
July
August
September
October..
November
December
Total
Monthly average ...

__

790, 229
725, 022
811, 940
805, 962
811, 653
769, 006
796, 669
776, 199
815, 654
911, 434
901, 222
931, 093

1926

1927

911, 876
843, 289
927, 879
875, 912
904, 392
907, 104
903, 795
907, 050
929, 387
1, 003, 700
1, 015, 119
1, 053, 019

1, 015, 951
938, 001
1, 019, 483
978, 128
979, 454
961, 358
945, 611
1, 030, 900

9, 846, 083 11, 182, 522
820, 507
931, 877

1925
775, 788
712, 806
799, 739
794, 438
801, 394
758, 614
785, 554
764, 689
802, 433
895, 631
879, 539
915, 052

1926

1927

1925

1926

1927

1925

1926

1927

897, 651
830, 291
916, 162
865, 853
894, 265
895, 846
891, 076
895, 331
915,231
989, 855
1, 001, 087
1, 036, 252

999, 189
922, 659
1, 003, 714
963, 380
965, 987
948, 437
931, 327
1, 015, 435

14, 441
12, 216
12, 201
11, 524
10, 259
10, 392
11, 115
11,510
13, 221
15, 803
21, 683
16, 041

14, 224
12, 998
11, 717
10, 059
10, 127
11, 258
22, 719
11,719
14, 156
13, 845
14, 032
16, 767

16, 762
15, 342
15, 769
14, 748
13, 467
12, 921
14, 284
15, 464

91,300
79, 260
100, 160
106, 335
106, 354
107, 192
109, 630
111, 181
116, 542
126, 143
114, 443
117, 002

113, 026
98, 086
110, 911
115, 696
119,398
127, 351
132, 225
142, 860
146, 678
144, 160
128, 041
127, 568

130, 894
121, 829
133, 702
129, 709
124, 749
139, 439
138, 085
157, 170

160, 406
13, 367

163, 621
13, 635

1, 285, 542
107, 129

1, 506, 000
125, 500

9, 685, 677 11, 028, 900
807, 140
919, 075

1
Compiled by the Dominion Bureau of Statistics, covering reports of all the large central electric stations in Canada, which in 1925 produced 98 per cent of all stations in
Canada. These data do not include the output of pulp and paper mills and other plants generating electricity only for their own use.




27
SILK, WHOLESALE PRICE 1

SHIPMENTS OF DOMESTIC WATER SOFTENERS

(Dollars per pound, Japan, 13-15, New York)
1m

1
926

1917

1918

1919

1920

1921

1923

$6 063
5.917
5.820
6 208
6.208
6.402
7. 130
7.227
6 548
5.917
5.917
5.917

$5 917
6.063
6.063
6. 257
6.887
6.887
7.663
7.615
7 712
7.615
7.712
7. 130

$6 305
6.499
6.693
7.372
8.342
10. 476
10. 816
9.894
10 428
11. 883
12. 901
14. 065

$17 460
14. 550
14. 065
10. 379
7. 566
7.760
5.723
5.578
6.909
6.664
6.272
6.076

$6. 321
6.272
6.468
6.664
6.321
6.370
6.370
5.880
6.370
6.321
7.497
8.036

$7 350
7.056
6.566
6 909
7.546
7.840
7.546
7. 595
8 036
8.624
8.183
8.526

6.273

6.960

9.639

9.084

6.574

7.648

MONTH
January
February
March
_____
April
May
June
Julv
August _ .
September
October
November.
December

__ ___ _

Monthly average

1923

MONTH
January
February
March
April
May
June
July
_- _
August
September
October
November
December- _ _

_-

_ _
_

Monthly average ._ _ _

1924

1925

1926

1927

$8. 477
9.065
8.967
9.702
8.918
8.134
7.742
7.938
10. 290
8.330
8.232
8.036

$7. 644
7. 154
6.468
6.027
5.194
5 390
5.733
6. 419
5.782
5 978
6. 517
6.664

$6. 370
6 517
6.125
6.223
6.419
6.566
6.517
6.713
6.860
6.860
6.762
6. 958

$6.909
6.860
6.223
5.733
6.076
6.223
6.076
6.223
6.370
6.076
5.733
5.831

$5. 635
6.027
5.733
6.125
5.831
5.488
5.292

8.653

6.248

6.574

CYLINDER OIL, WHOLESALE PRICE

1923

1924

1925

1926

$0. 2900
.2750
.2690
.2575
.2500
.2650

$0. 2245
.2538
.2700
.2581
.2295
.2200
.2113
.2040
.1981
. 2050
.2100
.2113

$0. 2725
.2950
.2980
.3063
.2931
.2810
.2725
.2663
. 281 0
.2875
.2963
.3120

$0. 3138
.3125
.2990
.2875
.2900
.2930
.2825
.2650
.2613
.2713
.2630
.2775

.2239

Monthly average

.2888

.2843

(2)

.2638
.2619
.2600
.2550
.2538
3

$0. 2550
.2550
.2500
.2538
.2510
.2525
.2500
.2510
2550

. 2642

[Short tons]

Total
M^onthly average

1921

1922

1923

1924

1925

1926

1927

2,025
1,084
944
1,269
1,356
1,486
1,631
1,201
1, 445
2,339
1,811
2,240

1,576
2,045
2,287
2,782
1, 869
1,951
2,470
2,287
2,746
2,331
2,300
2,433

2,196
2,407
3,426
2,570
2,709
3,766
2,345
2,469
2,992
2,413
2,033
2,769

2,282
2,517
3,115
2,453
2,581
2,069
1,810
2,608
2,113
2,188
2,731
1,297

2,838
2,194
2,323
2,418
2,733
2,317
2,293
2,979
2,456
3,354
3,097
3,536

3,166
3,038
3,106
2,805
3,718
2,944
3,697
3,084
2,915
3,534
2,043
2,748

2,306
2,730
2,774
3,040
2,796
2,372
2,218
2,112
2,461

18,831 27, 077
1 569 2, 256

32, 095
2,675

27, 764
2,314

32, 538
2,712

36, 798
3,067

i Compiled by the Binders Board Manufacturers Association, from reports of from
6 firms (including in previous years data from firms since consolidated or out of
business), estimated to represent about 85 per cent of the industry.




2, 356, 335
196, 361

1,273
1,437
1,811
1,878
1,467
1,482
1,238
1,597

$171, 865
201, 847
247 286
260, 455
206, 764
183 378
165, 170
185, 375

1
Compiled by the U. S. Department of Commerce, Bureau oj the Census, from
reports of 21 manufacturers, covering domestic water softeners.

PORCELAIN PLUMBING FIXTURES, SEPTEMBER, 1927 1
(In number of pieces)

Net new orders .
_>.
Shipments
Unfilled orders, end of month
_
Stocks on hand, finished glost, end of month

1927

BINDERS' BOARD PRODUCTION 1

January
February
March
April
May
_
June
July
August
September _
October
November
December

17, 355
1,446

Total (year)
Monthly average

$237, 751
215, 272
306, 225
226, 043
165, 797
160, 009
188, 022
168, 251
190, 696
187, 247
159, 061
151, 961

Net sale
price

24, 342
29, 080
58, 397
39, 666

_

Culls
3,093
2,939
3,521
6,810

1
Compiled by the Department of Commerce, Bureau of the Census, from the reports
of 10 manufacturers comprising the entire industry. Details by kind of fixture are
given in press releases.

1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, representing averages of weekly prices of cylinder oil, Pennsylvania, 600 D., filtered, in
tank cars at refinery.
2 No quotation.
3 Eleven months' average.

MONTH

1,570
1,542
2,222
1,605
1,270
1,350
1,456
1,304
1,478
1,348
1, 195
1,015

Number
units

1

[Dollars per gallon, Pennsylvania, 600 D, filtered, tank cars, refinery]

- --

January
February
March
April
May
June
July
August.
September
October.. _
November
December

Net sale
price

6.195

Compiled by the U. S. Department of Labor, Bureau oj Labor Statistics, representing averages of weekly prices of raw silk, Japan, 13-15, at New York.

January
February
March
April
May
June
July
August
September
October
November
December

Number
units

Regular
selection

1

MONTH

MONTH

CARDED SALES YARN: 1927 *
(In pounds)
MONTH
June
July
August.September. _ _

Production

__
_

13, 136, 189
10, 792, 044
13, 285, 796
17, 617, 748

Stocks, end of Unfilled orders,
month
end of period
8, 084, 576
8, 538, 079
9, 393, 379
8, 569, 766

19, 945, 594
22, 664, 820
24, 414, 862
24, 124, 150

i Compiled by the Cotton Textile Institute from reports of about 118 mills each week
with about 1,400,000 spindles in place, estimated to cover over 50 per cent of the
industry, the weekly production figures being combined into the monthly totals
on the basis of either 4 or 5 weeks, June and September being 5-week totals. Stocks
and unfilled orders are for the week ending nearest to the end of the month. June
and July figures were reported by a smaller number of mills, averaging about 90 in
June and 110 in July. These reports include only yarn made for sale to other mills,
yarn used by the same mill in further manufacture being excluded.

28
RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS
GROUPED BY FEDERAL RESERVE DISTRICTS
[ Table continued on p. 29]

YEAR AND MONTH

U. S.
rOTAL,
141
CENTERS

1919 average, millions
of dollars
_
_

PHILADELPHIA DISTRICT

NEW YORK DISTRICT

BOSTON DISTRICT

1
Total,
Tot*,
New
New
Albany Buffalo Roches- York
Boston Hart- Provi- Haven
7
ter
ford
dence
centers
centers

Total, Phila10
centers delphia

Scran- Trenton
ton

37, 446

1,769

1,245

92

144

72

20, 917

87

263

120

20,354

1,625

1,373

53

43

1919 monthly average - 100.0
1920 monthly average . 106.0
88.7
1921 monthly average.
97.8
1922 monthly average .
103.2
1923 monthly average.
109.5
1924 monthly average.
126.8
1925 monthly average.
1926 monthly average . 135.3

100.0
109.2
102.4
105.5
117.1
120.9
136.7
146.1

100.0
105.9
106. 7
109.3
120.2
125.6
143.9
157.0

100.0
117.4
98.9
103.3
119.6
131.3
141. 7
152.3

100.0
118.7
93.0
95.1
105.5
104.4
114.9
113.4

100.0
118.1
98.6
104.2
122.2
125.8
134.6
139.6

100.0
99.4
85.2
98.4
98.2
108.3
128.7
139.0

100.0
111.5
119.5
119. 5
118.3
134.8
147.7
154.0

100.0
114.8
92.8
99.6
114.8
115.0
133.3
136.9

100.0
119.2
103.3
110.0
124.2
129.0
144.3
146.3

100.0
98.8
84.8
98.2
97.6
107.9
128.3
138.8

100.0
113.3
95.8
102.5
114.3
116.8
129.5
134.6

100.0
112.4
93.8
101.7
111.9
114.3
128.1
133.1

100.0
124.5
122.7
109. 4
139.6
142.3
138.9
144.2

100.0
125.6
111.6
118.6
137.2
146.5
159.6
168.5

133.6
120.9
121.8
164.2
149.5
153.3

138.4
126.1
128.0
177.2
160.0
161.0

152.2
131.5
129.4
151.1
147.8
170.7

112.5
102.8
101.4
126.4
120.1
127.8

144.5
129.2
127.8
148.6
134.7
140.3

125.6
114.8
120.1
142.5
132.8
148.9

142.5
134.4
127.5
149.0
118.3
159.7

140.7 1
133.1
128.1
158.5
137.3
139.5

145.8
125.0
137.5
156.7
134.2
151.7

125.1
114.3
119.7
142.1
132.7
148.9

131.6
118.5
124.7
141.5
123.6
148.0

128. 8
115. 7
123.0
140.0
122.8
148.9

147.2
139.6
135.9
137.8
111.3
122.7

176.8
151.2
160.5
174.5
160.5
193.1

144.6
120.0
150.8
138.5
128. 3
135.3
136.1
125.6
125.6
140.2
126.5
152.4

159.1
123.0
147.4
151.9
144.3
147.6
149.5
124.9
128.1
167.9
150.8
158.8

169.6
130. 1
156.9
164.9
155.8
158.8
161.7
132.3
136.4
182.5
163.1
171.3

175.0
142.4
166.3
156.5
151. 1
163.1
162.0
137.0
132.6
144.6
138.0
158.7

131.2
99.3
111.1
111.8
109.7
109.0
112.5
93.0
99.3
146.5
113.9
122.9

145.8
119.5
148.6
138.9
136.1
138.9
147.2
134.7
134.7
145.8
134.7
150.0

150.2
122.1
161.7
144.0
130.9
139.0
136.6
128.9
126.1
141.5
127.0
159.9

142.5
147.1
171.2
170.1
197.6
150.5
171.2
131.0
127.5
147.1
139.0
152.8

154.7
120.5
135.7
138.0
126.6
148.3
155.5
127.7
126.6
141.1
127.4
141.1

159.2
129.2
146.7
144.2
135.5
160.0
154.2
127.5
138.3
162. 5
135.8
162.5

150.0
121.9
162.2
144.0
130.5
138.5
135. 9
128.9
125. 9
141.3
126.7
160.1

139.2
116.4
143.0
138.1
127.9
136.1
139.6
118.8
128.9
143. 6
129.7
153.9

139.0
116.2
141.4
136.6
126.4
135.0
137.8
115.9
126.6
141.1
128.7
153.0

132.1
103.8
152.8
147.2
137.8
145.3
149.1
145.3
151.0
166.1
143.4
156.6

169.8
169.8
169.8
158.2
162.8
167.5
174.5
148.9
158.2
172.1
158.2
211.7

146.1
128.8
156.3
148.5
144.6
151.8
143.4
143.5
151.6

159.6
135.7
162.9
159.6
154.0
161.0
152.5
137.2
148.2

174.1
147.1
177.3
170.8
165.8
171.5
160.1
142.1
156.0

168.5
145.7
177.2
189.1
180.4
219.6
222.8
207.6
216. 3

114.6
101.4
113.9
117.3
111.1
112.5
107.6
100.0
102.8

147.2
120.8
151.4
151.4
141.7
145.8
152.8
138.8
151.4

153.4
134.7
169.1
157.3
153.6
162.0
151.2
155.1
163.6

133.3
151.7
219.5
197.6
205.7
170.1
168.9
156.3
143.6

143.0
114.8
130.8
139.5
135.0
144.5
146.0
133.5
147.5

152.5
131.7
163.3
163.3
136.7
164. 2
152.5
139.2
150.0

153.6
134.8
169.5
157.3
153.6
162.2
151.1
155.5
163.9

142.8
124.9
146.7
140.0
138.5
141.2
136.1
128.4
136.8

141.7
124.0
146.8
138.2
137.4
140.7
133.9
126.5
133.9

145.3
128.3
149.1
149.1
145.3
145.3
139.6
134.0
164.2

172.1
186.1
167.5
165.1
172.1
162.8
197.7
158.2
167.5

Grand
Rapids

Sioux
City

1935
July
\ugust
September
October
November
December
_
1926
January
February
March
April
May
June
.
July.
August
September
October
November
December
_
1927
January
February
March
April
_
May
June
_
July
August
September
October
November
December

125.6
115.2
120.8
141.4
129.1

""

CHICAGO DISTRICT

ATLANTA DISTRICT
YEAR AND MONTH

1919 average, millions
of dollars
1919 monthly average..
1920 monthly average _ _
1921 monthly average _ _
1922 monthly average _ _
1923 monthly average _ _
1924 monthly average-.
1925 monthly average _ _
1926 monthly average _ _

1935
July
August
September
October
November
December
1936
January
February
__
March.
April
May.
.
June
July
August
SeptemberOctober
November
December
1927
January
February
__
March
April ._ _ . _
May
_
_.
June
__
July
August
-.
September
October
November.
_. .
December
See footnotes on p. 30.




Total,
15
centers

BirAtlanta mingham

New
Orleans

Jacksonville

Nashville

Total,
21
centers

Augusta

Chicago

Detroit

Indianapolis

Milwaukee

Des
Moines

928

123

59

304

48

93

37

4,242

2,800

525

136

237

83

75

63

100.0
115.1
84.2
86.0
100.0
105.3
125.0
128.1

100.0
108.9
85.4
90.2
108.9
113.1
129.2
132.7

100.0
128.8
103.4
133.9
183.1
199.3
226.7
243.8

100.0
115.4
82.2
89.5
97.4
106.4
118.2
113.7

100.0
125.0
91.7
97.9
112.5
126.5
206.2
232.6

100.0
120.4
105.4
71.0
78.5
79.2
87.6
89.7

100.0
110.8
64.9
70.3
83.8
74.6
78.2
72.6

100.0
116.0
92.0
96.8
108.8
110.8
124.9
132.0

100.0
113.0
91.7
96.2
105.0
106.3
120.4
127.5

100.0
125.2
91.2
101.3
125.7
130.6
158.3
166,4

100.0
123.5
100.0
104.4
115.4
110.9
115.4
135.2

100.0
124. C
97.5
101.7
115.6
110.5
119.4
127.3

100.0
114.5
84.4
83.1
97.6
103.2
89.8
98.1

100.0
128.0
109.3
81.3
89.3
89.2
114.1
115.5

100.0
109.5
63.5
101.6
119.0
123.4
136.9
129.1

117.7
113.5
134.9
154.2
130.1
147.3

118.7
119.5
136.6
154.5
132.5
145.5

220.4
206.8
247.5
262.7
222.0
245.8

108.9
99.3
124.3
143.4
119.7
134.5

200.0
197.9
225.0
281.2
250.0
302.0

90.3
80.6
88.2
93.5
82.8
91.4

62.2
64.9
89.2
108.1
81.1
89.2

129.0
116.6
120.7
136.1
119.9
137.9

123.8
110.6
115.1
130.1
113.0
132.8

167.8
152.4
161.9
178.7
164.0
180.0

123.5
108.1
105.1
122.1
111.8
139. 0

118.6
113.1
117.3
130.4
114.3
125.7

96.4
80.7
86.8
1C6.0
94.0
100.0

121. 3
128.0
114.6
125.3
116.0
130. 6

133.3
128.5
117.4
139.7
120.6
141.2

144 2
120. 5
141. 4
133 7
121. 5
119.2
124.4
113. 3
123.2
142. 0
118 7
135.6

139.8
122.8
161.0
132.5
128.5
125.2
127.6
115.4
126.0
142.3
127.6
146.3

262.7
215.3
262.7
254.3
239.0
223.7
245.8
217.0
239.0
266.1
240.7
259.3

131.2
103. 3
119.1
123.7
103.0
104.9
110.8
102.0
109.5
134.5
98.7
123.0

287.5
254.1
275.0
247.9
235.4
225.0
218.7
206.2
195.8
222.9
193.7
229.1

88.2
87.1
103.2
92.5
84.9
89.2
92.5
84.9
83.9
95.7
84.9
89.2

86.5
67.6
78.4
70.3
67.6
56.8
62.2
56.8
86.5
89.2
70.3
78.4

137.9
118.6
142.7
133.0
129.9
135.1
136.2
128.0
122.8
133.5
123.2
143.4

135.2
115.9
139.2
126.9
124.6
128.7
131.4
123.3
116.3
126.9
119.0
142.3

167.4
144.6
177.5
177.4
165.9
178.3
171.6
167.1
159.8
170.9
150.3
166.3

137.5
119.1
135.3
133.1
152.2
150.0
128.7
127.9
136.0
128.7
143.4

130.8
117.3
142.2
121.1
125.7
126.6
128.3
119.8
121.5
137.1
124.9
132.1

100.0
83.1
104.8
100.0
98.8
97.6
96.4
88.0
96.4
102.4
96.4
113.3

122.6
101.3
121.3
121.3
112.0
114.6
117.3
112.0
112.0
122.6
106.6
122.6

147.6
125.4
153.9
131.7
125.4
136.5
131.7
119.0
117.4
131.7
104.7
123.8

131 7
115.8
126 3
123.1
116. 6
115. 9
116 4
113. 9
130. 9

134. 1
119.5
134.1
128.5
124.4
118.7
123.6
115.4
130.1

264.4
222.0
242.4
244.1
245.8
235.6
239.0
240.7
278.0

119.1
108.2
114.8
111.5
99.7
103.3
103.6
105.2
127.9

216.6
195.8
222.9
206.2
183.3
177.1
164.6
156.2
154.1

94.6
89.2
98.9
92.5
92.5
98.9
102.1
93.5
94.6

70.3
64.9
70.3
70.3
70.3
64.9
64.9
64.9
100.0

134.4
118.6
139.7
137.9
140.4
142.8
134.8
136.7
138.0

131.0
116.2
138.5
136.4
141.2
141. 1
130.4
136.2
137.3

161.0
134.1
152. 8
163.6
157.4
176.2
172.2
164.0
165.2

141.9
136.0
138.2
133.8
137.5
137.5
141.2
128.7
130.1

132.5
126.1
140.5
128. 3
131.6
128.7
126.6
125.7
124.5

95.2
84.4
109.7
98.8
102.4
108.5
96.4
89.2
97.6

118.6
97.3
114.6
112.0
112.0
113.3
110.6
108.0
106.6

130.1
114.3
136.5
117.4
111.1
117.4
114.3
111.1
112.7

I

mi

29
RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS—Continued
GROUPED BY FEDERAL RESERVE DISTRICTS
[Table continued on p. SO]
CLEVELAND DISTRICT
YEAR AND MONTH

Total,
Akron Cincin- Cleve13
land
nati
centers

1919 average millions of dollars...

July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December

Pitts- YoungsColum- Dayburgh town Toledo bus
ton

.
_

1925

__
1926

_ _

_.

1927

January
February
March
April
May
June
July
.
August .
September
October
November .
December

1,963

90

247

653

746

100.0
116.4
89.6
94.6
110.9
109.4
122.0
127.4

100.0
115.6
63. 3
63.3
80.0
81.4
100.0
104.5

100.0
113.0
107. 7
117.4
133.6
128.0
142.7
150.3

100.0
115.9
81.9
84.1
99.2
96.8
106.6
115.9

100.0
118. 5
94.9
97.2
112.7
113.2
126.4
126.7

130.6
114.5
117.6
135.6
119.3
135.1

110.0
98.9
118.9
116.7
97.8
108.9

143.7
127.5
136.9
153.5
140.5
160.7

116.2
101.2
103.0
116.7
102.6
117.4

132. 7
114.6
117.3
143.1
128.1
139.5

120.0
110.0
123.4
148.4
111.7
120.0

137.9
109.9
126.0
129.4
119.2
130.1
136.1
120.2
122.6
134.4
121.6
141.9

111.1
86.7
111.1
112.2
101.1
105.5
107.8
97.8
110.0
107.8
95.5
107.8

175.7
138.9
153.5
159.5
139.7
143.3
153.9
132.8
130.8
154.3
150.6
170.9

126.3
90.6
109.8
123.2
105.0
115.0
126.0
108.5
110.4
127.5
128.3
136.0

136.8
117.7
130.0
123.3
119.7
134.5
131.3
116.3
119.7
133.2
121.7
135.7

123.4
96.7
108.4
121.7
113.4
111. 7
131.7
120.0
121.7
126.7
108.4
131.7

141.9
124.3
135.4
147.6
131.9
152.1
141.4
125.8
128.4

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average. ._
1924 monthly average
1925 monthly average
1926 monthly average

RICHMOND DISTRICT
!

97.8
86.7
104.4
118.9
114.4
121.1
128.9
113.3
120.0

167.6
136.0
162.8
181.4
158.7
168.0
176.5
163.2
163.2

ISO. 6
107.8
117.0
131.7
116.7
131.2
131.4
115.1
122.3

142.0
137.5
141.1
154.6
132.7
169.8
141.4
120.6
120.3

131.7
108.4
118.4
118.4
113.4
125.0
131.7
111.7
113.4

60

116

100.0
100.0
117.2
110.0
78.3 | 102. 6
132.8
83.3
103.4
153.5
101.6
155.7
179.2
117.0
118. 0
189.5

116

Total, Balticenters more

Norfolk

Rich- Charleston
mond

50

718

404

84

116

37

100.0
100.0
111.2 104.0
102.6 110.0
112. 1 112.0
128. 5 138.0
116.0 136.0
126.9 156.0
138.3 176.5

100.0
111.8
95.5
89.6
98.6
96.3
106.7
108.4

100.0
115.6
104.9
89.1
93.3
93.4
104.6
107.4

100.0
102.3
71.4
78.5
88.1
82.2
85.8
94.2

100.0
107.8
98.3
100.9
112.9
109.1
122.4
121.5

100.0
102.7
67.6
67.6
78.4
69.4
73.0
76.2

192.2
173.3
170.7
193.1
163.8

136.2
124.1
131.9
140. 5
122.4
144.8

188.0
154.0
156.0
162.0
142.0
168.0

110.7
100.9
105.6
116.9
107.3
122.3

112.9
104.0
104.0
111.4
102.0
117.8

80.9
72.6
76.2
95.2
92.8
109.5

111.2
116.4
130.2
145.7
138.8
150.0

59.5
94.6
67.6
83.8
67.6
75.7

200.9

146.6
111.2

188.0
146.0
182.0
176.0
160.0
172.0
210.0
166.0
176.0
182.0
164.0
196.0

115.1
100.7
111. 4
107.7
101.1
110.0
117.4
96.0
100.7
115.1
102.1
121.9

112.4
98.8
112.4
111.1
102.7
113.1
122.8
96.0
94.1
107.7
98.0
119.3

,96.4
80.9
94.0
92.8
88.1
95.2
97.6
85.7
88.1
101.2
96.4
114.2

135.3
113.8
123.3
112.1
106. 0
111.2
127.6
106.0
125.9
139.7
119.0
137.9

78.4
70.3
78.4
73.0
70.3
75.7
62.2
64.9
78.4
113.5
73.0
75.7

202.0

111.6
93.6
106.1
105.6
99.7
106.7
102.9
104.2
105.9

109.1
90.1
104.4
102.7
95.5
104.4
103.0
104.9
103.5

96.4
82.1
88.1
86.9
89.3
90.4
86.9
82.1
78.5

131.9
107.8
114.7
118.1
109.5
115.5
111.2
115.5
128.5

67.6
73.0
81.1
81.1
73.0
75.7
67.6
67.6
78.4

207.8

169. 0
182.8
185.4
180.2
194.0

208.6

197.4
187.1
187.9
172.4

208.6

204.3

159.5
210.4
219.8

209.5
205.2

198.3
199.1
195.7

m. e

151.7
135.3
144.0
149.1
134.5
131.9
141.4
131.9
154.3
162.1
123. 3.
137.9
156.9
141.4
145.7
142.2
138.8
141.4

162.0
196.0

200.0
192.0

202.0
200.0

178.0
184.0

1

DALLAS DISTRICT
YEAR AND MONTH

Toif,
centers

1919 average, millions
of dollars.

ST. LOUIS DISTRICT

Fort
Dallas Hous- Worth
ton

Summary Louis- St. Memphis
ville
Louis
for 5

centers

MINNEAPOLIS DISTRICT
Little
Rock

Total,
St.
Duluth Minne- Paul
9
apolis
centers

Helena Billings

521

161

138

92

965

156

617

136

36

659

90

354

162

11

1919 monthly average. _ 100.0
1920 monthly average.. 117.4
94.2
1921 monthly average..
97.9
1922 monthly average..
1923 monthly average.. 101.3
1924 monthly average. . 101.5
1925 monthly average. . 112.4
1926 monthly average. . 117.8

100.0
114.3
90.7
96.9
107.5
112.7
130.8
131.5

100.0
115.2
86.2
81.2
89.0
91.2
103.6
121.1

100.O
119.6
109.8
119.6
93.5
78.0
82.4
92.1

100.0
105.4
89.0
94.5
110.4
110.6
124.2
127.3

100.0
92.3
82.0
87.8
101.9
106.7
120.8
128.7

100.0
106.5
91.9
94.2
108.4
108.2
120.8
122.7

100.0
107.4
73.5
87.5
106.6
101.1
111.7
111.5

100.0
125.0
116.7
127.8
169.5
186.2
204.9
226.4

100.0
108.5
82.7
88.0
94.8
104.2
114.3
104.9

100.0
120.0
84.4
82.2
85.5
117.7
118.2
88.3

100.0
109.6
84.2
85.0
91.5
103.8
119.4
110.3

100.0
98.2
75.3
97.5
106.8
101.6
104.7
102.2

100.0
100.0
100.0
90.9
81.8
85.6
85.6
82.6

101.5
98.1
115.5
133.8
120.7
128.6

114.9
105.0
131.7
165.2
146.0
158.4

91.3
99.3
120.3
119.6
109.4
116.7

80.4
73.9
72.8
97.8
87.0
97.8

117.9
108.1
123.5
142.0
126.8
143.7

129.5
105.8
113.5
123.7
114.7
132.7

116.2
108.1
116.1
133.2
120.1
137.9

84.6
78.7
128.7
156.6
132.4
139.0

166.7
177.8
- 233.4
283.4
241.7
277.8

107.1
106.5
128.6
133.0
118. 8
128.9

113.3
104.4
167.8
152.2
143.3
125.5

105.4
110.5
134.2
137.6
120.9
136. 2

108.0
100.0
99.4
112.3
102.5
117.9

100.0
81.8
100.0
109.1
81.8
100.0

77.8
77.8
88.9
122.2
88.9
100.0

124.7
110.0
120.3
111.1
103.8
109.4
114.6
108.8
128.6
132.4
119.4
130.3

157.8
129.2
134.2
119.3
112.4
117.4
121.7
112.4
139.7
150.3
137. 3
146.6

110.1
103.6
123.2
120.3
108.7
115.2
121.7
121.0
148.5
136.2
114.5
130.4

92.4
80.4
87.0
81.5
79.4
85.9
100.0
94.6
95.7
102.2
98.9
107.6

139.1
116.4
130.4
126.5
125.4
126.9
127.9
113.1
120.8
137.8
127.4
135.4

132.0
123.7
134.0
129.5
119.2
131.4
164.7
119.2
115.4
128.2
119.9
126.9

134.4
110.4
125.5
123. 2
124.8
125.5
124.7
107.3
113.8
129.8
121.6
132.3

132.4
104.4
116.2
105.1
101.5
101.5
100.7
92.6
111.0
133.8
119.9
118.4

244.5
211.1
225.0
213.9
202.8
180.6
211.1
213.9
247. 2
286.1 i
247.2
233.4

104.1
90.9
105.4
101.3
100.6
101.6
105.0
99.2
110.6
118.8
108.2
113.6

78.9
64.4
80.0
73.3
101.1
90.0
80.0
72.2
107.8
125.5
102.2
84.4

110.5
95.2
109.9
105.9
103.4
105.4
111.6
109.3
118.9
120.9
112.2
119.8

105.6
97.5
109.3
105.6
95.7
100.6
101.9
93.8
93.8
106.2
99.4
116.7

81.8
63.6
81.8
72.7
72.7
81.8
90.9
81.8
90.9
100.0
90.9
81.8

66.7
66.7
77.8
88.9
77.8
77.8
88.9
77.8
88.9
133.3
111.1
100.0

128.2
114.2
123.8
117.3
110.5
111.5
111.5
110.9
134.5

138.5
122. 4
131.1
126.7
112.4
116.8
115.5
117.4
151.5

139.8
125.4
129.0
118.8
119.6
114.5
115.2
123.2
152.9

97.8
90.2
105.4
98.9
95.7
100.0
102.2
90.2
98.9

131.0
114.5
130.2
122.2
124.5
128.8
120.3
115.5
124.0

131.4
120.5
134.0
121.8
118.6
126.9
123. 7
114.1
119.2

126.9
107.3
123.0
118.7
120.9
124.8
116.4
111.8
113.6

114.7
105.1
116.2
105.1
114.7
107.4
94.1
93.4
132.4

219.5
197.2
225.0
186.1
183.3
197.2
200.0
197.2
227.8

95.1
84.6
- 97.5
98.0
99.1
100.9
102.7
101.3
138.4

67.8
58.9
66.7
82.2
88.9
96.7
80.0
75.5
166.7

100.0
87.9
98.9
99.2
104.8
103.1
107.4
110.2
150.6

100.0
93.2
112.3
104.9
94.4
100.0
104.9
95.7
101.9

72.7
63.6
81.8
81.8
72.7
72.7
90.9
90.9
90.9

88/9
66.7
77.8
77.8
77.8
77.8
88.9
77.8
111.1

1925
July
August
September .
October
November
December .
1926
January. _
February
March
April
May .
June
July
August
September
October
November.
December
1927
January
February
March...
April
May..
June... ..
July
August.
September
October..

.-

December

See footnotes on p. 30.


<

100.0

111.1
88.9
77.8
88.9
78.7
84.3
88.0

30

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS—Concluded
GROUPED BY FEDERAL RESERVE DISTRICTS
SAN FRANCISCO DISTRICT

KANSAS CITY DISTRICT
YEAR AND MONTH

Total,
14
centers

monthly
monthly
monthly
monthly
monthly
monthly
monthly
monthly

1935
-

.--

-

- -

1926
January
February
IVIarch
April
May
June
July
August
September
October
November
December

1937
January
February
March
April
May
June
July
August
September.- ,
October
November
December

- - - -

-

- -

-

-

Tulsa

Total,
18
centers

Los
Angeles

Portland,
Oreg.

San
FranCisco

Seattle

1,909

314

181

760

206

131.9
88.3
105.3
104.3
89.5
112.6
136. 0

100.0
123.2
104.4
107.2
126.3
128.9
142.9
155.7

100.0
139.2
143.0
165. 0
223.6
236.7
251.1
278.1

100.0
108.8
82.3
76.2
86.2
89.4
92.0
101.0

100.0
124.6
101. 9
94.8
104.0
107.1
126.1
138.2

100.0
96.1
67.0
73.3
83.0
87.7
98.0
103.2

129.4
114.7
119.2
136.8
130.9
148.6

122.4
113.2
117.7
113. 8
102.1
141.5

141.4
137.9
142. 2
156.8
144.1
165.0

248.1
233.8
242.1
255.8
249.1
280.6

95.6
92.8
98.3
112.2
91.2
99.5

127.3
122.7
123.7
141.1
124.6
147.7

96.1
99.0
106.8
105.8
99.0
107. 8

214.2
223.8
226.9
250.7
238.1
279.3

78.8
64.7
75.3
65.9
70.6
77.6
78.8
69.4
71.7
76.4
72.9
78.8

150.0
125.0
141.2
129.4
128.0
141.2
147.1
132. 4
139. 7 '
141.2
138.3
155.9

136.2
107.5
133.0
130.9
127.7
136.2
145.8
130.9
139.4
141.5
136.2
167.0

157.2
153.7
171.2
154.8
144.9
151.7
160.8
147.0
153.4
159.1
145.5
168.7

281.9
268.5
310.5
275.2
253.2
275.2
292.4
260.2
271.4
281.6
264.7
301.9

92.8
87.3
100.6
95.6
100.6
101.7
105. 5
107.2
104.4
109.4
105.0
102.2

138.6
152.9
157.8
137.0
128.7
132. 8
141.5
129.5
132.3
138.6
123.2
145.2

100.0
88.3
110.7
107.3
97.6
102.9
104.8
104.8
113.6
108.2
97.1
102.9

265.0
257.1
295.2
266.6
250.7
266.6
293.6
242.8
263.4
261. 9
241.2
371.4

71.7
60.0
68.2
61.2
67.0
68.2
67.0
67.0
65.9

154.9
128.0
157.4
151.5
148.6
161.8
151.5
132.4
147.1

160.7
128.7
155.3
133.0
128.7
137.3
133.0
127.7
128.7

164.9
159.9
186.4
172.2
161.4
165.8
164.1
158.7
171.5

308.3
293.3
349.1
303.8
280.6
281.2
279.0
266.3
273.6

89.5
82.3
88.4
94.5
99.5
90.1
90.6
94.5
100.0

144.8
154.6
176.7
161.7
151.7
157.9
156.7
147.9
168.8

91.7
88.3
107.8
107.8
98.5
106.3
99.5
112.1
117.0

338.0
334.9
379.3
361.8
339.6
360.2
344.4
333.3
339.6

413

264

85 ;

100.0
94.9
74.6
74.3
84.3
81.4
90.1
93.4

100.0
95.5
67.4
73.1
77.7
69.7
76.9
75.4

100.0
97.6
81.1
69.4
72.9
71.6 i
72.7 •
73.4

100.8
95.4
93.8
102.8
91.6
105.8

119.2
119.2
121.9
137.7
119.2
129.4

99.5
93.2
88.4
99.5
89.6
98.5

79.9
78.4
77.3
82.2
69.7
78.0

74.1
74.1
65.9
74.1
65.9
81.1

119.9
104.8
121.9
119.9
111.6
119.2
139.0
120.5
134.2
139.7
117.8
130.1

93.5
78.0
87.4
85.0
84.7
89.1
115.7
101.0
95.6
100.5
92.7
98.1

72.4
67.8
83/0
73.5
73.5
78.4
81.4
79.9
71.6
78.4
71.2
73.5

102.3
88.9
102.0
98.2
97.2
101.2
104.5
104.2
102.6

121.9
94.5
124.0
126.7
123.3
118.5
115.7
115.7
120.5

88.9
78.9
88.6
87.2
88.9
91.3
99.0
101.9
98.8

74.2
65.5
76.5
73.5
71.6
75.4
76.5
86.7
78.4

68

100.0
153.0
129.4
119.2
114.7
112.1
127.4
139. 1

- -

!
;
!

\
!

monthly average
monthly average
monthly average monthly average
monthly average
monthly average
monthly average
monthly average

TOTALS— SEASONAL VARIATIONS ELIMINATED

Boston

New
York

Philadelphia

Cleveland

100.0
106.0
88.7
97.8
103.3
109. 5
126.7
135.4

100.0
109.5
101.9
105.4
117.1
121.1
136.6
146.0

100.0

100.0

100.0

126.7
125.1
127.2
132.4
126.6
128.7

Richmond

_

99.3
85.1
98.5
98.0
108.3
128.6
139.0

105.1
95.9
102.5
114.4
116.8
129.4
132.1

116.4
89.8
94. 5
111.1
109.5
122.0
127.4

100.0
112.1
95.6
89.5
98.8
96.5
106.8
108.5

132.1
137.2
134.0
150.6
141.7
135.4

127.5
127.8
129.7
134.3
129.7
131.1

130.8
125.0
129.0
133. 4
125. 2
131.0

126.6
120.3
120.7
132. 3
122.4
117.6

138.5
139.5
149.2
141.8
128.2
130.9
137.3
136.4
132.0
131.3
124.0
135.1

149.8
143.0
147.8
156.6
145.0
141.9
147.9
141.8
140.9
154.0
142.9
140.3

142.4
142.8
159.0
145.7
128.3
133.1
138.7
143.5
136.2
133. 4
124.0
140. 8

136.2
135.7
142.6
141.6
129.1
129.4
138.8
125.3
133.3
135.3
131. 4
136.2

139.9
149.8
154.6
152.0
144.5
146.8
144.7
155.8
159.6

._

160.3
128.5
144.4
192.0
196.3
227.3
273.0

__

YEAR AND MONTH

_.

63

100.0

I

---

-

Oakland,
Calif.

94

146

100.0
139.7
98.6
102.7
111.6
112.9
121.5
123.2

U.S.
total

1935
July
August
September
October
November
December
1936
January
February
March
April
May
June
July
August
September
October
November
December
1937
January
February
March
\pril
_
May
June
July
August __
September
October
_
November..
December

Oklahorn a
City

100.0

1,231

DISTRICT

1919
1920
1921
1922
1923
1924
1925
1926

St.
Joseph,
Mo.

100.1
84.4
99.0
94.3
92.0
99.5
115.1
101.9
101.5
108.8
100.6
108.1

average
average _ average
average - .
average
average
average
average

July
August
September
October
November
December

Kansas
City, Omaha
Mo.

100.0
109.8
82.0
84.2
90.6
85.7
95.5
100.4

1919 average, millions of dolls.
1919
1920
1921
1922
1923
1924
1925
1926

Denver

150.3
157.8
163.4
164.5
154. 7
154.8
150.8
155.7
163.0

145.4
157. 5
166.3
159.2
150.6
155.2
153.5
172.7
176.7

139.7
145.6
146.3
143.6
139.8
134.2
135.3
135.4
141. 5

Atlanta Chicago

100.0

100.0

St.
Louis

115. 6
84.4
85.9
99.9
105.3
124.8
128.4

116.1
92.0
' 96.8
109.0
110.8
123.8
132.1

100.0
105. 5
89.1
94.2
110.3
110.5
124.1
127.3

110.0
104.1
110.6
108.3
103.0
106.3

124.2
125.8
139.9
139.0
122.4
128.2

127.3
119.6
122.2
117. 7
121.8
127.0

132.5
126.6
128.3
130.4
123. 0
124.0
131.9
126.3
125.9
131.1
124.7
123.5

111.0
117.5
115. 3
114.6
104.8
108.1
116.7
99.1
105.4
1C5. 9
98.0
105.9

132.9
135.7
140. 3
140. 6
125.8
123.3
131.2
125.6
127.8
128.0
111.7
118.0

136. 3
143.2
137.9
148.8
136.1
146.1
137.0
132.1
131.8

107.6
109.2
109.8
112.8
103.3
104.0
102.3
107.5
110.9

121.4
130.4
125.3
129.4
120.7
119.9
122.8
126.3
135.8

1

2

Minne- Kansas
apolis
City

100.0

San
Dallas Francisco

108.5
82.9
87.9
95.0
103.1
114.4
105.3

100.0
109.8
82.1
84.1
89.7
87.0
95.4
100.3

100.0
118.0
94.3
97.9
101.1
101.2
112.4
118.3

100.0
123.4
105.4
107. 1
126.4
129.4
142.9
156.2

121.2
118. 5
130.0
129.7
124.4
127.8

112.5
111.3
116.4
112.3
110.3
116.1

100.5
93.4
92.6
97.9
92.0
102.0

113.3
109.1
111.6
111.7
109.1
108.6

143.1
142.0
140.8
144.0
138.5
144.5

135.5
135.9
139.6
137.0
130. 9
132.1
134.5
131.3
124.3
126.4
125.2
132.0

129.6
128.9
129.9
131. 6
128.0
125.8
131.6
124.0
127.1
125.8
125.0
120. 5

103.5
114.5
112.4
107.9
105.1
103.6
110.2
103.7
100. 1
100.3
100.5
102.3

96.8
96.1
96.9
98.4
93 2
99'. 7
114.8
99.8
100.2
102.6
101.0
104.2

116.4
124.9
123. 1
122.6
111.6
116.8
127.9
121.0
124.3
112.5
108.0
110.1

158.6
183.4
167.4
162.1
150.0
152. 9
162. 8
151.4
151.9
146.1
140.0
147.7

132.0
135.9
136.7
142.0
141.5
139.6
133.1
140.2
139.7

122.1
126.8
129.7
127.2
127.0
127.7
123.8
126.6
130.5

94.5
106.5
103.9
104.4
105.6
102.9
107.9
105.9
125.2

98.9
101.3
99.9
102.5
98.5
101.4
104.2
102.2
101.3

119. 7
129.6
126.7
129.5
118.8
119.0
124.4
123.4
130.0

166.4
190.8
182.2
180.3
167.1
167.1
166.1
163.4
169.8

_.

* Compiled from data collected by the Federal Reserve Board, this table supplements similar data published in the October, 1923, SURVEY (No. 26), pp. 51 to 55, and
which have been carried forward since that issue in the July, 1924, SURVEY (No. 35), pp. 58 to 60, the April 1926, SURVEY (No. 56), pp. 24 to 26, the October, 1926, SURVEY
(No. 62), pp. 22 to 24, and the March, 1927, SURVEY (No. 67), pp. 28 to 30. Subsequent comparable data will appear in the advance reprints.
2
Compiled from data collected by the Federal Reserve Board, supplementing similar data published in the February, 1924, SURVEY (No. 30), p. 25, and which have been
carried forward since that issue in the aforementioned issues. Subsequent comparable data will appear in the weekly supplements.




31
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, 1927), in which monthly figures for 1926 and 1927 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 for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

TEXTILES
Wool
Receipts at Boston:
Total
Domestic
Foreign
_
_
Imports:
In condition imported
Grease equivalent
Consumption by textile mills,
grease equivalent
Machinery activity, hourly:
Looms —
Wide
per ct
Narrow
per ct
Carpet and rug
per ct.
Sets of cards
per ct
Combs
per ct
Spinning spindles—

f

~;~

60, 980
55, 877
5,103

35, 499
29, 891
5,608

16, 956
11, 799
5,157

28, 035
23,611
4, 424

13, 018
8,511
4,507

-52.2
-60.5
-8.0

+30.3
+38.6
+14.4

303, 557
144, 000
159, 557

295, 324
192, 391
102, 933

-2.7
+33.6
-35.5

17, 355
20, 149

13, 464
15, 079

18, 425
21, 754

15, 832
18, 933

15, 305
17, 467

13, 997
17, 171

-14.1 +13.1
-13.0
+10.3

240, 953
257, 106

207, 503
235, 788

-13.9
-8.3

44, 338

45, 006

39, 833

46, 504

48, 153

40, 859

45, 770

+3.5

+5.2

365, 314

414, 394

+13.4

58
61
67
80
74

60
67
64
84
73

56
58
56
77
75

59
65
57
79
83

64
65
65
84
81

56
55
60
71
74

64
57
62
80
84

+8.5
0.0
+14.0
+6.3
-2.4

0.0
+14.0
+4.8
+5.0
-3.6

80
61

79
61

76
59

78
65

82
71

67
66

76
74

+5.1
+9.2

+7.9
-4.1

1.08

1.09

1.13

1.12

1.12

1.11

1.11

0.0

+0.9

.41
1.33

.42
1.33

.44
1.35

.44
1.35

.45
1.38

.44
1.40

.44
1.40

+2.3
+2.2

+2.3
-1.4

.98
3.29

.98
3.29

.98
3.29

.98
3.29

.98
3.29

1.05
3.29

1.01
3.29

0.0
0.0

-3.0
0.0

6,808
8,891
250, 627
320, 363
4, 660, 971 6, 582, 070
4, 928, 856 5, 634, 023

+30.6
+27.8
+41.2
+14.3

thous. of Ibs
- thous. of lbs_.
. -thous. of lbs__

26, 394
17, 938
8,456

50, 598
46, 106
4,492

thous. of lbs__
thous of Ibs

18, 117
20, 362

_ -thous. of lbs__
of hours active
of hours active
of hours active..
of hours active
of hours active

pr

c\~

or decrease
(-)
cumulative
1927
from
1926

August

July

~~rir»ll "

September,
1927,
from
September,
1926

September

June

Women's dress goods, French

September,
Septem1927,
from
ber
August,
1927

CUMULATIVE TOTAL Per ct.
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30
(+)

August

May

Worsteds
per ct of hours active
Prices:
Raw, territory, fine, scoured— dolls, per lb_.
Raw, Ohio and Pa. fleeces,
1
A blood, combing, grease.. .dolls, per lb__

PEE CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Cotton
Production crop estimate
thous of bales
Ginnings
thous of bales
686
Receipts into sight
thous. of bales
Imports, unmanufactured
bales. _ 21, 347
Exports, unmanufactured (incl. linters). bales ._ 628, 132
633, 024
Consumption by textile mills
bales
Stocks, domestic, end of month:
4,663
Total, mills and w'houses.-thous. of bales. _
1,794
IVIills
thous of bales
2,869
\Varehouses
thous of bales
Stocks, world visible, end of month:
6,507
Total
thous of bales
4,815
American
thous of bales
Machinery activity of spindles:
32,907
Active spindles
thousands
9,002
Total activity
millions of hours
244
Activity per spindle
hours. Ratio to capacity
per cent-- 4 108. 9
Prices:
.139
To producer
dolls per Ib
.163
In New York, middling
dolls, per lb._
Cotton finishing:
Billings, finished goods (as
85,054
produced)
thous. of yds.Orders received, gray
77, 170
yardage
thous. of yds..
49, 711
Shipments finished goods
cases
Stocks,finishedgoods, end mo
cases. . 37,340

1

2 18, 618
3 8, 728
-4.9
559
2,104 +140. 4
+1.1 +183. 3
13, 279
10, 007
391, 295 794, 584 +85.4 -20.6
+9.9
500, 553 * 570, 570
-1.0

1926

1927

363
36, 055
481, 943
662, 630

129
31, 147
389, 358
569, 250

832
28,041
340,311
633, 434

12, 678
3 8, 119
2,000
28, 346
631,041
627, 321

3,772
1,608
2,164

3,227
1,404
1,823

3,295
1,122
2,173

5,083
1,119
3,965

2,632
917
1,715

* 4, 224
*936
4
3, 287

+54.3
-0.3
+82.5

+20.3
+19.6
+20.6

5,654
4,014

4,988
3,417

4,480
3,131

5,356
4,108

3,183
1, 989

4,284
3,116

+19.6
+31.2

+25.0
+31.8

32,753
9,192
249
* 109. 3

32, 312
8,043
219
99.1

32,239
8,973
245
103.5

32,343
8,761
240
107.0

31,360
7,489
200
87.4

* 32, 147
8.248
220
98.5

+0.3
-2.4
-2.0
+3.4

+0.6
+6.2
+9.1
+8.6

.148
.168

.155
.180

.171
.203

.225
.218

.161
.187

.168
.170

+31.6
+7.4

+33.9
+28.2

87,006

72,334

84,780

84,899

69,554

79,223

+0.1

+7.2

721,615

772,879

+7.1

+6.0
-0.2
-0.1
+5.9
0.0

+3.5
+6.1
+0.5
+9.1
-13.4

710,595
425,713

764,320
455,005

+7.6
+6.9

72
6.1

Cotton textiles, total (9 groups): t
Production
thous. of yds.Stocks, end of month
thous. of yds-.
Unfilled orders, end mo -thous. of yds—
Drills and twillsProduction
thous. of yds_Stocks, end of month
thous. of yds.Wide drills, twills, and broadcloth 'f—
Production..
thous. of yds._
Stocks, end of month
thous. of yds..
Unfilled orders, end mo -thous. of yds..
Print cloths, plain and fancy t—
Production
thous. of yds~
Stocks, end of month
thous. of yds.Pajama checks and ginghams t—
Production
thous. of yds. Stocks, end of month
thous. of yds_.
TTnfilloH nrrloro emrl rnn thrm<5 nf vris

i As of
2 Final estimate for 1926.
 Oct. 1.


77,743
48, 133
39,535
66
5.5

71,959
43, 154
40, 390
63
5.9

82,407
52, 399
37, 092
68
5.8

87,386
52,316
37, 053
72
5.8

75, 180
44,336
38,449
39
5.7

84,438
49, 312
36,868
66
6.7

231,874
177,890
572,009

279,456
187,623
481,346

229,097
177, 527
457,883

245, 605
201,217
491,960

346, 902
201, 920
479, 368

191,683
259, 549
301,899

244,110
217, 152
330,358

+41.2
+0.3
-2.6

+42.1
-7.0
+45.1

1,885,079

2,308,715

+22.5

17,451
8,480
38,778

21,176
8,028
32,282

16, 723
7,548
30,295

17,288
7,460
29,499

22,212
8,464
24,686

10,834
20,661
14, 182

14, 378
16, 189
15,307

+28.5
+13.5
-16.3

+54.5
-47.7
+61.3

135, 882

165,296

+21.6

14,024
8,681
29,378

15, 709
11,220
23,328

12,485
12,340
21, 656

15, 135
13,345
25,745

19,027
15,261
19,964

7,895
9,960
14, 618

9,755
8,606
15,371

+25.7
+14.4
-22.5

+95.0
+77.3
+29.9

62,315

66,084
17,937
161, 699

86,476
20, 143
129, 580

67, 672
18,447
133, 603

75,836
26, 636
163, 971

143,223
32,393
177, 363

63,422
56,048
71,777

78, 740
37,554
78,240

+88.9 +81.9
+21.6 -13.7
+8.2 +126. 7

628,475

24, 178
20,316
25, 503
50,784
50,829
52,026
50. 089
54. 794
fifl. 1 74
< Revised.
3 As of Oct. 18.

24,359
47, 712
fi9. QfiQ

131,386 +110. 8

727,219

+15.7

218, 983
+7.3
204,047
+9.9
-7.0
20,481
24,025
22,337
57,632
52,900 -14.2 -15.6
44, 634
44. 986
54. 752 -16.7 -16.6
45. 655
t Not comparable with previous data owing to addition of other firms.

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 23 to 133 of
the August, 1927, "Survey"

PEE CENT INCREASE (+) OR
DECREASE (— )

1936

1927

September,
Septem1927,
ber
from
August,
1927

September,
1927,
from
September,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

August

September

August

35, 198
38,813
91, 703

38,007
34, 188
81,802

40,410
33, 171
93, 152

24,388
46,617
67, 776

32,313
37, 705
82.. 824

4,820
4,224
7,953

2,805
3,269
7,284

2,812
3,011
6,370

3,081
2,409
6,200

1,856
7,224
3,699

2,572
6,379
3,472

12,100
3,020
14,723

9,127
2,390
13,095

8,810
3,772
11, 728

11,605
6,522
11,035

7,692
2,131
10,236

9,977
3,920
11,289

+31.7 +16.3
+72.9 +66.4
-5.9
-2.2

71,660

93,225

+30.1

66, 856
23, 683
93, 130

52, 722
21,239
92,678

52, 735
19, 914
88,841

68,242
22,814
69,390

49, 107
27,324
65,084

65,832
26,052
56,229

+29.4 +3.7
+14.6 -12.4
-21.9 +23.4

456, 682

514,850

+12.7

8,275
24,079
17,628

8,187
22, 652
17,480

6,518
27,847
•12,874

460,260

16, 765
36,252
31, 923
58, 673
496,697

6,008
31,952
9,541

530,892

14,666
40,865
29,210
51,688
486, 395

302, 571

413, 762

+14.3
-11.3
+9.3
+13.5
+2.1

5,654
48, 589
11, 594

3,821
50,387
9,688

4,996
46, 387
10, 771

4,741
50,333

2,587
38,508
10, 695

2,414
46,267
11, 429

17, 443

14, 010

16, 323

16, 140

15, 910

391
183
207

1,022
816
206

448
328
120

232
153
79

282
137
145

247
139
107

-48.2
-53.4
-34.2

-6.1
+10.1
-26.2

.346
.470
.073
.084
150

.354
.481
.075
0. 87
152

.387
.512
.084
.098
162

.406
.547
.089
.110
177

.363
.500
.076
.092
157

.367
.506
.076
.093
159

+4.9
+6.8
+6.0
+12.2
+9.3

+10.6
+8.1
+17.1
+18.3
+11.3

7,322
45,486

7,404
41,312

6,225
41, 039

9,347
47,042

7, 625
50, 107

6,207
45, 943

7,046
43, 962

-18.4 +8.2
+6.5 +14.0

35,527
18, 984

37, 024
18, 086

43, 841
16,002

56, 618
22, 218

58, 986
22,100

28, 006
19, 274

34, 459
18, 491

+4.2 +71.2
-0.5 +19.5

87.3
61.6
76.5

83.0
56.6
67.3

89.7
53.8
74.9

86.8
51.9
73.4

81.9
50.8
77.1

78.9
6.18
82.0

80.8
66.6
87.5

-5.6 +1.4
-2.1 -23.7
+5.0 -11.9

1,311

1,220

1,528

1,129

662

879

-26.1 +28.4

941
1.50

1,654
1.50

1,855
1.50

1.50

2,053
1.65

2,031
1.65

1,287
1,450
416

1,246
1,294
486

1,308
1,577
543

1,432
1,493
576

1,176
1,607
579

279, 601
290, 889
363, 582

275,247
282, 082
380, 858

332, 918
328, 497
360, 331

259, 963
249, 271
295, 607

287, 149
262,258
301, 160

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

3,557
4,015
6,953
3,946
5,566

May

June

July

38,541
42,442
103, 548

1936

1937

265,495

347,088

TEXTILES— Continued
Cotton— Continued
Cotton textiles, total (9 groups)— Continued.
Demins and chambrays—
Production
thous. of yds.. 39,444
Stocks, end of month
thous. of yds.- 42, 121
Unfilled orders, end mo.thous. of yds._ 117, 767
Canton flannels (for mitten trade)—
2,980
Production
_
thous. of yds..
3,660
Stocks, end of mo
thous. of yds.,
Unfilled orders, end mo -thous. of yds- . 9,573
Osnaburgs f—
Production
thous. of yds..
9,827
Stocks, end of month _-_thous. of yds.2,743
21, 756
Unfilled orders, end mo thous. of yds
Narrow sheetings f—
Production
thous. of yds._ 51,342
Stocks, end of month
thous. of yds._ 22, 589
115,002
Unfilled orders, end mo -thous of yds
Wide sheetings f—
6,363
Production
-....thous. of yds..
Stocks, end of month
thous. of yds.. 23,967
Unfilled orders, end mo.thous. of yds.- 15,085
Cotton cloth printed-.
thous of yds
Fine cotton goods production
pieces. - 479,275
Cotton cloth:
6,892
Imports
thous. of sq. yds..
Exports—
thous. of sq. yds_. 51,796
Elastic webbing, shipments
thous. of yds.. 10, 217
Fabrics for tire manufacture:
Consumption
--thous. of Ibs - 16, 029
ExportsTotal
thous. of sq. yds_.
496
269
Cord
thous. of sq. yds..
227
Others
thous. of sq. yds..
Prices:
Cotton yarn—
.335
22/1 cones, Boston
dolls. perlb..
40/ls, New Bedford
dolls, perlb..
.456
.071
Print cloth, 64 x 60
..dolls, per yd..
Sheeting, brown
dolls, per yd_.
.082
147
Cotton goods (Fair child) .-.index number-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
per cent of normal. _
Narrow looms
per cent of normal-Spinning spindles
per cent of normal.-

llayon
Imports
thous. of Ibs. .
1,799
Stocks in bonded warehouses,
end of month. ___
thous. of Ibs
1,001
Price, 160 denier, A grade, N. Y.. dolls, per lb_.
1.50
Clothing
Men's and boys' garments cut:
Suits
thous. of garments
1,132
Separate trousers
thous. of garments..
1,427
Overcoats
thous. of garments..
277
Work clothing:
Cut
_
__
dozen garments
290, 759
Net shipments..
dozen garments-- 284, 978
Stocks, end of month
dozen garments. . 383, 007

+6.3 +25.1
-3.0
-12.0
+13.9 +12.5
+9.6
-20.0
-2.7

+19.8
-62.2
+78.6

+30.7

28,563

+157.2
+30.2
+148.0

82, 105

+20.0

3,557,236 4,362,769

+22.6

47, 652
391, 574
6 82, 735

47, 945
421, 974
6
84, 122

+0.6
+7.8
+1.7

6 112, 067

6 125, 661

+12.1

-5.1 +96.4
+8.5 +8.8

1,479
543
936

3,411 +130. 6
2,218 +308. 5
1,193 +27.5

64, 997
413, 248

+20.7
+12.8

7,144

11,775

+64.8

611,807
6 13, 050
6 2, 782

6 10, 773
6 11, 833
6 2, 653

62,030,413 62,346,971
61,836,219 62,212,236

-8.8
-9.3
-4.6
+15.6
+20.5

• 27, 794
e 28, 038

« 29, 744
« 29, 134

+7.0
+3.9

6 28, 156

0.0

53,834
366, 373

6 30, 745

+9.2

-9.1

Hosiery
Production
thous. of dozen pairs _
Net shipments
thous. of dozen pairs. .
Stocks, end of month
thous. of dozen pairs. .
New orders...
thous. of dozen pairs..
Unfilled orders, end of mo.thous. of dozen pairs. .

3,694
3,551
7,914
4,058
6,141

3,941
3,886
8,141
4,143
6,342

3,113
3,226
8,390
3,095
6,046

3,807
4,015
8,090
3,892
6,018

Knit Underwear
Production
thous. of dozens
Net shipments
thous. of dozens
Stocks, end of month
thous. of dozens..
New orders...
__
thous. of dozens .
Unfilled orders, end of mo
thous. of dozens..

1,082
958
1,527
952
2,583

1,127
1,049
1,623
1,115
2,614

880
950
1,617
803
2,458

1,082
1,369
1,434
1,434
4
2, 543

1,055
1,464
1,216
1,241
2,311

927
1,109
1,386
974
1,910

1,004
1,325
1,196
1, 087
1,659

-2.5 +5.1
+6.9 +10.5
-15.2 +1.7
-13.5 +14.2
-9.1 +39.3

9,429
9,284

9,403
9,697

-0.3
+4.4

8,595

10, 365

+20.6

Burlaps and Fibers
Imports:
Burlaps
thous. of lbs_.
Fibers (unmanufactured)
long tons. .

62, 760
30, 569

61, 287
23,115

35,236
19,030

71,417
23, 768

40, 337
18.284

52, 990
15, 070

32, 066
16,004

-43.5 +25.8
-23.1 +14.2

467,069
222,222

458,255
237, 942

-1.9
+7.1

3,581
3,423
+0.5 +3.7
3,600
3, 470
26, 397
33,077
2,749
2,901
2,510
2,407
+5.5 +20.5
20, 315
24,866
2,387
2,421
2,158
2,067
+17.1
+1.4
tNot comparab le with pre vious data owing t<) additio D of other firms.

+25.3
+22.4

Pyroxylin Coated Textiles
Pyroxylin spread .
thous. of Ibs
3,854
4,358
Shipments billed
thous. of lin. yds..
2,964
2,930
Unfilled orders, end of mo... thous. of lin. yds..
2,768
2,671
* Kevised.
• Cumulat ive throug h Aug. 31.




3,246
2,545
2,415

33
TREND OF BUSINESS MOVEMENTS—Continued
1937

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August , 1927, "Survey"

May

June

PEE CENT INCREASE (+) OR
DECREASE (— )

1936

July

August

September

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

September,
1927,
from
September,
1926

September,
Septem- 1927,
oer
from
August,
1927

1936

1937

Per ct.
increase
( }
or t
decrease
(-)
cumulative
1927
from
1926

TEXTILES— Continued
Cotton Mill Dividends
Fall River mills (quarterly) :
Total
thous of dollars
Ratio to capitalization per ct. per quarter

5
262
.643

8
262
«.643

fi

6321

0.0
0.0

-18.4
-16.2

914

790

5.767

-13.6

-0.4

-19.6

130, 709

145,052

+11. 0

Fur

Sales by dealers

_ .thous. of dollars. .

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

17, 551

14, 136

10, 959

13, 694

13, 644

17, 647

16, 969

51.5
9,830

52.9
9,950

37.3
9,705

43.6
9,555

50.9
9,408

44.4
11,754

44.3
11, 759

+16.7 +14.9
-1.5 -20.0

+56.5 +100. 0

IRON AND STEEL
Iron
18
Manganese ore, imports thous. of long tons..
Iron ore:
Imports
thous. of long tons..
186
7,752
Shipment from mines . _thous. of long tons..
ReceiptsLake Erie ports and
4,969
furnaces
thous of long tons
2.183
Other ports
-thous. of long tons__
5,013
Consumption
thous. of long tons. .
Stocks, end of monthTotal
thous. of long tons. _ 22, 971
18, 215
At furnaces
thous of long tons
On Lake Erie docks.thous. of long tons. .
4,756
Pig-iron production:
Total, United States. . -thous. of long tons_. 3,391
772
Merchant furnaces
thous. of long tons..
79
Canada
.
thous. of long tons. .
Furnaces in blast, end of month:
211
Furnaces
number
107, 445
Capacity
long tons per day
58.3
Per cent of total
per cent
Ohio gray-iron foundries:
MeltingsActual
long tons
20,117
Normal
long tons
23, 241
Ratio to normal per cent of normal..
86.5
111
Stocks, end of month.. per cent of normal-Receipts
per cent of normal
86
Malleable castings:
Production
short tons.. 53, 698
53.4
Operating activity
per ct. of capacity. .
Shipments. _
_. _ .short tons.. 53, 501
New orders
_
.short tons. _
46, 119
W holesale prices:
Foundry, No. 2,
northern
dolls per long ton
20.26
Basic (valley furnace). -dolls, per long ton-18.20
Composite pig iron
dolls, per long ton_.
19.89
Cast-Iron Boilers and Radiators
Round boilers:
Production
thous of Ibs
23, 128
Shipments
thous of Ibs
20, 992
New orders
thous of Ibs
23, 086
Stocks, end of month
thous of Ibs
108, 721
Square boilers:
Production
thous. of Ibs
21, 367
Shipments
thous of Ibs
18, 539
New orders
thous. of Ibs
21, 439
Stocks, end of month
thous. of Ibs. . 106, 933
Radiators:
Production thous. sq. ft. heating surface
14, 797
Shipments. ..thous. sq. ft. heating surface-12, 965
New orders _.thous. sq. ft. heating surface _ _
15, 810
Stocks, end of
month
thous. sq. ft. heating surface.. 60, 439
Crude Steel
Steel ingots, production:
United States, total
thous. of long tons..
Ratio to capacity
per cent
Canada
thous. of long tons
U. S. Steel Corporation:
Unfilled orders,
end of month
thous. of long tons
Earnings
thous. of dolls..
Steel castings:
ProductionTotal
short tons
Ratio to capacity
per cent
Railroad specialties
short tons
Miscellaneous
short tons _
4
Revised.




37

28

23

36

37

18

290

235

-19.0

232
8,459

252
8,609

304
8,776

225
7,231

259
10, 709

232
9,622

-26.0
-17.6

-3.0
-24.8

1,974
45, 232

2,062
42, 387

+4.5
-6.3

6,010
2,418
4,531

6,136
2,282
4,294

6,451
2,274
4,368

5,493
1,832
4,089

7,655
2,651
4,796

* 7, 343
2, 586
4,738

-14.9
-19.4
-6.4

-25.2
-29.2 i
-13.7 !

31, 982
11, 719
44, 133

29, 792
11, 305
41, 103

-6.8
-3.5
-6.9

26, 973
21, 922
5,051

31, 331
25, 872
5,459

35, 803
29,728
6,075

39, 296
32, 527
6,769

32, 174
26, 280
5,894

37, 336
30, 438
6,897

+9.8
+9.4
+11.4

+5.2
+6.9 !
-1.9

3,090
746
69

2,951
788
51

2,947
733
63

2,775
685
52

3,201
776
59

3,136
700
64

-5.8
-6.5
-17.5

-11.5
-2.1 !
-18.7

29, 408
6, 723
562

28, 104
6,760
570

-4.4
+0.6
+1.4

198
99, 240
54.7

190
93, 700
52.5

187
* 93, 800
51.7

179
90, 800
49.4

213
102, 085
57.7

4
215
105, 480
58.4

-4.3
-3.2
-4.4

-16.7
-13.9
-15.4

15, 891
18, 893
84.1
99
83

10, 761
14, 864
72.3
94
64

17, 559
20, 217
86.8
82
4
71

13, 298
16, 284
81.6
117
82

20, 846
23, 791
87.6
84
71

15, 427
17, 969
85.8
101
85

-24.3 -13.8
-19.5 -9.4
-6.0 -4.9
+42.7 +15.8
+15.5 -3.5

158, 278
194, 708

143, 918
170, 157

-9.1
-12.6

53, 843
53.6
51, 306
42, 885

44, 142
45.0
44, 347
43, 136

47, 166
47.4
46, 306
39, 897

41, 155
41.9
42, 500
35, 492

53, 796
52.0
53, 586
45, 802

54, 630
53.2
50, 885
43, 874

-12.7
-11.6
-8.2
-11.0

-24.7
-21.2
-16.5
-19. 1

527, 187

463, 603

-12.1

508, 472
450, 445

449, 899
411, 696

-11.5
-8.6

19.36
17.30
19. 00

19.26
17.06
18.89

19.26
17.50
20.19

19.39
17.50
20.18

-0.5
—1.4
-0.6

-0.7
-2.5
-6.4

6

165, 130
e 141, 682
e 158, 622

6 178, 282
6 145, 593
e 150, 788

+8.0
+2.8
-4.9

19.89
17.88
19.79

4

19.76
17.50
19. 31

4

25, 078
19, 064
23, 568
114,432

19, Oil
18, 911
20, 442
114, 224

22. 311
22, 588
20, 781
113, 776

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

22, 359
27, 929
30, 820
101, 047

25, 561
18, 509
25,554
113, 210

21, 225
22, 581
25, 999
113, 905

26, 966
29, 268
26, 518
111, 962

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

26, 191
31, 888
37, 305
99, 982

6 163, 848
6
143, 783
e 164, 856

e 182, 987
6 143, 825
6 154, 574

+11.7
0.0
-6.2

16, 242
11, 756
11, 946

13, 577
14, 360
15, 775

16, 828
17,904
18, 606

14, 308
19, 845
23, 028

15, 551
18, 766
21, 080

6 119, 487
6 99, 183
6 124, 012

6 123, 099
e 95, 848
6 101, 231

+3.0
-3.4
-18.4

60, 313

59, 692

58, 610

46, 519

44, 534

4,015
95
97

3,468
82
60

3,178
78
55

3,471
79
77

3,232
77
54

3,987
95
46

3,913
94
59

35, 689

33, 499

-6.1

602

674

+12.0

3,051
15, 566

3,053
15, 024

3,142
13, 809

3,196
14, 289

3,148
13, 276

3, 542
17, 244

3,594
17, 584

145, 502

132, 999

-8.6

81, 950
62
31, 659
50. 291

82, 118
62
30, 538
51. 580

75, 551
57
29, 679
45. 872

83, 198
63
29, 774
53. 424

66, 781
50
19, 486
47. 295

81,422
61
26, 088
55. 334

846, 400
-19.7 -16.0
-20.6 -16.7
324, 559
-34.6 -14.7
521. 841
-16.5
-11.5
« Cumulative through Aug. 31.

747, 635

-11.7

282,845
464. 790

-12.9
-10.9

' Quarter ending in month indicated.

79,471
60
22, 837
56.634

i1

-6.9
-2.5
-29.9

-17.4
-18.1
-8.5

-1.5 -12.4
-7.1 -24. 5

34
TREND OF BUSINESS MOVEMENTS—Continued
i

mi
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

July

||

August
1
1

CUMULATIVE TOTAL Per ct .
PER CENT INFROM JANUARY 1
CREASE (+) OR THROUGH SEPTEMBER increase
DECREASE ( — )
30
or dei
Sepcrease
September, tember,
cumu1927,
Septem- 1927,
1926
from
lative
1927
from
ber
1927
SepAugust, tember,
from
1927
1926
1926

1926

IRON AND STEEL—Continued
Crude Steel— Continued
Steel castings— Continued.
New orders84, 675
61, 369
68, 127
67, 363 -18.0 —25.3
66, 736
50, 295
72, 012
Total
short tons
64
51 i -17.4 -25.5
54
51
50
46
38
Ratio to capacity
per cent
24, 644
34, 702
29, 979
20, 220
15, 737
22, 998
22, 031 -22.2 -28.6
Railroad specialties. . . short tons
41, 149
45, 129
49, 973
34, 558
45,332 ; -16.0 -23. 8
Miscellaneous
short tons. . 42, 092
42, 033
Sheets, black, blue, galvanized, and full finished:
Production307,459 1 -17.1 -28. 1
309, 360
300, 706
266, 645
220, 919
237, 243
293, 703
Total
net tons
95.9
98.7
92.0
80.2
62.6
96.2 .' -22. 0 -34.9
Ratio to capacity
...per cent..
80.3
Stocks, end of month—
168, 155
-7.9 +16. 0
154, 374
134,422
169, 315
155, 865
147, 862
173, 986
Total
net tons
44, 538
34,511 : -2.3 +54. 5
45, 670
47, 860
54, 553
44, 988
53, 311
Unsold
net tons
302,198 ! -13.6 -23. 7 !
281, 395
252, 034
266, 713
281, 602
302, 759
230, 443
Shipments _ _ . _ _
net tons
448, 147 ! +45. 5 —42.3
224, 321
230, 715
212, 337
177, 647
258, 427
283, 055
Sales
net tons
731,977 ! + 12. 0 -59.2
521, 837
Unfilled orders, end of month
net tons.. 439, 067 399, 562 353, 413 312, 662 350, 117
Steel barrels:
511,118 ; -15.2 +2.1
523, 037
Production
. .barrels. . 588, 077 594, 782 578, 223 615, 152 521, 899
47.4
41.0
43.6 -15.7
+8.7
52.2
51.3
Ratio per capacity
per cent
53.1
56.2
508,548 ; -13.9 +3.3
511, 542
Shipments
barrels_. 575, 712 605, 123 576, 602 610, 454 525, 374
52,939 I -6.1 + 1.9
52, 094
50, 369
62, 435
53, 715
57, 413
53, 938
Stocks, end of month
barrels - _
Unfilled orders, end of month
barrels _. 1, 197, 894 L, 198, 839 1, 346, 688 i, 106, 604 1, 124, 437 1, 170, 998 1,288,431 i + 1.6 -12.7
14, 465
9,815
13,308 ' -16.7 -26. 2
12, 812
11, 789
13, 004
Track work, production
.short tons
11, 122
Iron, steel, and heavy hardware:
202
198
168
172
166
Sales index
index number
183
Wholesale prices:
35.00 ;
33. 00
33.00
35. 00
0.0
33.00
33.00
33.00
-5.7
Steel billets, Bessemer.. dolls, per long ton
37.70 ' -0.1 -3! 9
36.62
36.24
36.76
36.43
37. 61
Iron and steel
dolls, per long ton
36. 22
2.54
2.64
2.54
-0.8
2.64
-4.9
2.53
2.53
2.51
Composite steel
dolls per 100 Ibs
1.85
2.00 : + 1.7
1.90
-8.5
1.78
1.95
1.80
Structural steel beams. _. dolls, per 100 Ibs
1.83
Steel sheets, Youngstown
3.00
+1.0
-0.8
3 03
district
dolls per 100 Ibs
-3 25
Steel Products
Structural steel, fabricated:
187,620
254, 400
New orders (prorated)
short tons. - 206, 700 203, 520 4 308, 460 4 248, 4040 241,680
-2.6 +28. 8
64
59 i -2.6
65
78
80
+28.8
76
Ratio to capacity
per cent
251^220 i -4.9 — 1.3
248, 040
Shipments (prorated)
short tons.. 213, 080 4 235, 320 4 235, 4320 260, 760 248, 040
4 74
79 i -4.9
74
67
Ratio to capacity
percent..
78
78
—1 3
82
Steel plate, fabricated, new orders:
38,739 -20.4 -0.2
51,045
28, 811
35. 326 4 48, 577
Total
short tons . _ 37, 883
38, 662
49 -20.0
36
44
47
60
-2.0
Ratio to capacity
per cent
48
62
17,038 -48.1 -9.5
10, 855
Oil-storage tanks
.
short tons
7,402
17, 199 4 29, 691
21, 723
15, 421
Iron and steel:
184, 364
182,071
202, 708
190,502 175, 637 166, 352
171, 588
-5.3
Exports
long tons
-8.6
21 s
68, 334
55, 836
49, 599
39, 543
9 7
Imports
long tons
51, 596
75, 248
46, 573
Steel furniture:
Business group2.520
2,450 -10.3 i -9.4
2,040
2,475
Shipments
thous of dolls
2,529
2, 219
2,343
2,420
2,369
New orders
thous of dolls
2,381
2,299
-0. 6 i -2. 1
2,092
2,382
2,368
1,469
1,507
1,614 +10.3 ! -3.5
Unfilled orders, end mo -thous. of dolls_1, 598
1,412
1,558
1,638
S helving—
586
658
531
546
588 -12.1
Shipments
thous. of dolls__
585
604
-9.7
638
535
605
707
New orders
thous. of dolls
686
+2.7 1 -14.0
592
608 !
710
679
790 +10.3 ! -6.6
Unfilled orders, end mo-thous. of dolls-.
669
738
662
731
Steel boilers, new orders:
4
1. 540
— 14 0 !
Total
number
1. 419
1, 516
1,304
1,517
4
1,366
-27.0 |
Area..
... _ _
thous. of sq ft
1,355
1,778
1, 569
1, 146
Machinery
Washing-machines, shipments:
Total.. _ _ - _ . _ _ . - -.number
79, 825
93. 801 +12.8 | -9.6
70, 260
75, 155
84, 912
80, 158
84, 795
58, 009
7(5, 308 +10.4 i -8.0
Electric
__
number
64, 493
64, 892
63, 606
70, 592
70, 227 1
4
1,482
1.478
Water softeners, shipments
__.
units
1,467
1.595
+5.0 +13.3
1, 238
1.674
1,304
4
8, 355
7, 586
7, 534
-5. 5 4-7. 9
Water systems, shipments
.units- 7, 501
8, 601
8, 130
7,578
4
43, 322
38, 752
+7. 6 +9. 6
Pumps, pitcher, hand, etc., shipments. .units- - 37, 562
39, 969
43, 007
46, 212 < 39, 254
Steam, power, and centrifugal pumps:
1,374
1,409
New orders
thous. of dolls_1,489
1,468
1. 497
1, 947
1, 703
1,511
1,498
1,597
1,474
Shipments
thous. of dolls
1,919
3,332
Unfilled orders, end mo
thous. of dolls-.
3,482
3, 350
3,044
3, 040
3,606
Agricultural machinery and equipment:
Shipments4
123.5 -13.2 +24.8
167.6
154.1
Total
index number
149.0
158.5
177. 6
154.3
4
112.4 -18.5 +20.9
153. 9
176.2
135.9
Domestic
index number
1 58. 5
166.8
141. 8
4
182. 1
124.9
Foreign
index number
158.8
234. 0
219.7
123. 0
238.0
+1.7 +30. 7
4
145. 3
137. 7
135. 7
Production
index number
127.8
120. 5
126. 3
131. 6
-4.6 -11.2
Stokers, mechanical:
127 -39.4 -23. 6
153
97
97
104
Shipments
number. .
136
160
41,504
44, 211 -57. 2 -41.0
54, 804
60, 977
Shipments
horsepower- - 43, 601.
26, 093
38, 852
Machine tools:
127
139
129
194
167
-37.6 -45. 4
New orders
index number
170
10f>
157
+8.5 -18.5
135
142
Shipments
index number- .
100
118
128
130
363
-4.3 -26.7
198
200
216
278
266
Unfilled orders, end of mo. -index number..
308
Electric industrial trucks and tractors:
Shipments, domestic14
19
20
12
10 +166. 7 -20.0
Tractors
. _ number of vehicles. 8
97
87
66
77
73
81
82 -24. 1 -19.5
All other types
number of vehicles-2
5
23
10
2
5 + 150.0
00
Exports
. . number of vehicles
Fire-extinguishing equipment, shipments:
4
135
127
119
144
110
154
128 -11.9
-7.0
Motor vehicles
_ number- .
4
48, 517
-5, 6
57, 494
44,980
50, 659
-7.3
Hand types
,
number. . 55, 281
45, 527
47, 641
4
* Cumulative through Aug. 31,
Reserved,



764, 094

689, 562

-9.8

288, 461
475, 633

276, 175
413, 387

-4.3
-13.1

2, 616, 054

2, 549, 340

-2.6

2, 610, 248
2, 558, 201

2, 473, 069
2, 245, 620

-5.3
— 12.2

5, 044, 878

5, 107, 025

-1.2

5, 038, 039

5, 099, 877

+1.2

140, 469

115,022

-18.1

1, 930, 260

2, 047, 920

+6. 1

2, 156, 040

1, 958, 880

-9.1

375, 962

387, 510

+3.1

116,528

170, 039

+45.9

1, 576. 959
752, 059

1, 664, 359
407, 136

+5. 5
-45.9

23, 207
23, 373

23, 129
23, 023

-0.3
-1.5

5, 492
5, 613

5, 476
5, 606

-0. 3
-0.1

12,379
12, 765

775, 751
628, 232
13, 797
60, 172
43d, 263

708, 217
583. 010

-8.7
7 9

62, 125
384, 778

+3! 2
-11.8

6 13, 041
6 12, 167

6 11, 998
6 11, 725

-8.0
-3. 6

1,092
442, 868

1,009
384, 789

-7.6
-13.1

136
849

101
772
83

-25. 7
-9. 1
+45. 6

1, 082
475, 943

1,063
439, 661

-1.8
-7. 6

13,855

35
TREND OF BUSINESS MOVEMENTS—Continued
1937

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1926

September,
Septem1927,
from
ber
August,
1927

August

September

August

3,815
46
67

2,792
37
34

4,254
39

78

3, 115
43
30

-26.8
-19.6
-49.3

263, 239 < 303, 045
233, 384 * 271, 943
29, 855 * 32, 102

257, 577
225,013
32, 564

422, 294
380, 282
42, 012

393, 357
350, 923
42, 434
- 17,495
12,624
4,871

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

September,
1927,
from
September,
1926

Perct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1936

1927

-10.4
-14.0
+13.3

33, 670
488
439

31,144
456
611

+39. 2

-15.0
-17.3
+1.4

-34. 5
-35. 9
-23.3

3, 475, 926
3, 118, 629
357, 297

2, 850, 736
2, 509, 018
342, 718

-18.0
-19. 5
-4,1

— 10. 1
-14.4

+8.1

-35.6
-31.2
-47.0

172,842
140, 908
31,780

161,583
133, 184
28, 399

-6. 5
— 5.5
— 10.6

PATENTS ISSUED
Total, all classes
Agricultural implements
_
Internal-combustion engines

number
number
number _.

4,524
86
65

AUTOMOBILES
Production:
United States395, 674
Total
number of cars
Passenger cars
number of cars- _ 352, 428
Trucks
number of cars. . 43, 246
Canada25, 708
Total
number of cars
Passenger cars
number of cars.. 21, 991
3', 71 7
Trucks
number of cars-_
Exports:
Assembled—
49, 052
Total
number of cars
38, 542
Passenger cars _ _. .number of cars
10, 510
Trucks
number of cars
From Canada—
5, 588
Total _ - ...
number of cars
3,901
Passenger cars
number of cars..
1, 687
Trucks
number of cars. .
24, 490
Foreign assemblies
number of cars
Sales, passenger cars and motor
254, 707
cycles
_ _ -thous. of dolls
Shipments (General Motors Co.):
87
Proportion closed cars
per cent
To dealers
number of cars-. - 173, 182
171, 364
To users
number of cars
Accessories and parts:
Shipments184
Original equipment
index iios
123
Replacement parts
index nos.131
Accessories. .index nos..
192
Service parts
index nos
9,817
Exports.
thous. of dolls
2,169
Rim production
thous of rims
New passenger-car registrations:
314, 988
Total
number of cars
13, 732
Highest price group
number of cars
Second highest group
number of cars.. 67, 334
72, 569
Third highest group
number of cars
Lowest price group
number of cars.. 160, 704
649
Miscellaneous
number of cars
NONFERROUS METALS
Copper
Production:
71,613
Mines
short tons
82, 132
Smelter.
__ . short tons
Refined (North and South
125, 581
America)
__
..
short tons
139, 114
World production, blister
short tons
69, 779
Domestic shipments, refined
short tons
38, 394
Exports
short tons
Stocks (North and South America) :
108,079
Refined
short tons
242,074
Blister
short tons
.1262
Wholsesale price, electrolytic.dolls, per Ib
Copper Products
Plumbing fixtures:
New orders, tubular231, 868
Quantity
number
Value
dollars-- 222, 555
105. 09
Wholesale price, 6 pieces
dollars
Tin
Deliveries (consumption)
long tons. _
6,070
Stocks, end of month:
World visible supply
long tons
14,655
1,604
United States __
long tons
6,029
Imports
long tons
.6394
Wholesale price, pig tin
dolls, per Ib
Zinc
Retorts in operation, end of month number __ 78,057
Per cent of total .. ._
_ _ _ _ per cent
57.0
Production
_
short tons
51,296
Stocks, end of month
short tons
42,046
Ore, Joplin district:
44,222
Shipments
short tons
27, 984
Stocks, mines end of month., short tons
Price slab prime western
dolls per Ib
. 0608
Lead
Production
.
_.
short tons
57,285
Ore shipments:
7,581
Joplin district
short tons
Utah
.
short tons
63, 518
Receipts of lead in U. S. ore
.short tous.. 56, 942
Stocks, U. S. and Mexico, end mo..short tons__ 175,230
Price, pig, desilverized (New York).dolls.perlb.
.0662
4
Revised.



3, 137
44
76

313, 584
273, 718
39, 866

3,078
50
47

-e'.e

19, 208
16, 470
2,738

10, 987
8.719
2,268

12, 526
10, 139
2,' 387

11,262
8,681
2, 581

15,261
12, 624
2,483

27, 029
20, 815
6,814

28. 604
19,398
9, 206

32,059
23, 294
8, 765

26, 273
19,033
7,240

20, 272
16, 130
4, 142

-18.0
27, 001
20, 038 i -18.3
6, 963 -17.4

+4. 0

-s!o

231,860
179, 655
52, 185

311, 206
229, 384
81, 822

+34. 2
+27.7
+56.8

4, 576
3, 089
1,487
20, 870

3, 247
2,059
1,188
17, 969

4, 634
3, 020
1,614
^ 15,047

3,872 !
2,856
1,016 j
12,844 i

3, 045
2, 448
597
11,647

6,471 -16.4
4,483
-5.4
1,988 ! -37.1
8,514
-14.6

-40.2
-36. 3
-48.9
+50. 9

52, 635
36, 918
15, 447
134, 127

47, 838
33, 259
14.578
165,588

-y. i

+23. 5

215, 957

158,089

178,889

237,931

256, 631

61,821,039 6 1, 438, 594

-21.0

88
155,525
159, 701

86
136, 909
134, 749

86
155, 604
158, 619

140,607 !
132,596 |

81
134, 231
122, 305

81
138,360
118,224

-9.6
-16.4

+1.6
+ 12.2

176
130
132
171
8, 152
1,872

148
142
97
136
9,973
1,680

155
169
115
134
9,741
1,826

139 |
181
163 i
127 1
7,962
1,727

157
120
131
166
5,705
2,379

151
120
126
165
6,273
2,366

-10.3
+7.1
+41.7
-5.2
-18.3
-5.4

-7.9
+50.8
+29.4
-23.0
+26.9
-27.0

263, 722
12,356
60, 507
65, 305
125,017
537

247, 736
11,595
63, 561
66, 503
105, 563
514

242, 031
11,514
73, 223
71,704
85, 071
519

69, 539
77,847

65, 545
75, 029

467,248
4
78, 245

113,233
134,243
63, 465
42,833

119, 786
118, 133
132, 186 * 135,015
71, 736
61,965
46, 571
42, 592

96, 360
257, 823
.1237

104,388
250, 957
.1253

212, 055
173, 145
104.09

169, 498
173, 041
103. 17

4

-9.9

996, 321
962, 295

1,316,597
1,266,445

+32. 1
+31.0

66, 246
20, 062

82,094
16,657

+23. 9
-17.0

2,367, 688 6 2, 010, 133
6
696,010
90, 234
e 468, 707 6461,874
6
475, 222 6 479, 535
61,312,439 6 973, 137
6
615,310
5, 353

-15.1
-6.0
-1.5
+0.9
-25.9
-65.0

6

303, 757
4 11,198
4 65,244
4 56, 646
168, 920
4 1,749

258,431
9,579
55,224
50, 818
141,841
969

65. 936
74; 418

72,014
77, 613

72, 627
80,320

-2.0
-4.9

-9.2
-7.3

650,067
717,479

625, 717
719, 360

-3.7
+0.3

119, 100
133,291
71, 578
46, 137

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

123, 390
132, 013
78,459
40, 753

-0.6
-1.3
-0.2
-0.9

-3.5
+1.0
-8.8
+13.2

1,064,588
1,173,270
692, 086
340,803

1,104,387
1,222,132
636, 099
389,804

+3.7
+4.2
-8.1
+14.4

70, 137 !
263, 935
.1406

-7.6
-2.9
-0.2

+23.3
—6.6
-8.0

201.998
204,256
106. 22

+0.5
+1.3
-0.2

+14.3
+2.7
-1.9

1,930,998
1,940,255

2, 101, 507
1,850,366

+8.8
-4.6

+4.7

59,450

56, 285

-5.3

58,698

55, 192

-6.0

471, 608

461, 799

-2.1

;

93,654
253, 886
.1297

66,658
86,493
260, 186
246, 517
.1294 [
. 1417

229,923
207,013
104.39

230, 978
209, 702
104.16

176, 794
214, 370
106. 23

-11.4

5,735

5,950

6,895

6,110

5,870

5,835

15,638
1,519
5,139
.6423

15, 377
1,984
5, 682
.6263

14,487
2,201
8,560
.6352

15,083
1,973
4,938
.6074

13, 352
1,829
5,132
.6388

14,379
1,854
6,092
.6654

80,047
57.8
49, 718
43,858

76, 519
58.2
47, 627
39,323

76, 851
57.1
49, 012
34, 587

74,435
56.6
47, 735
34,277

84, 584

87,028

51, 761
18,164

52, 144
15,699

-3.1 -14.5
—0.9
-2.6
-8.5
-0.9 +118. 3

31, 167
35, 677
.0621

59,104
30,813
.0623

61,749
24, 934
.0634

55,308
28,806
.0621

67, 736
19,250
.0738

69,547
19, 103
.0741

-10.4 -20.5
+15.5 +50.8
-2.1 -16.2

625, 337

508,208

-18.7

58, 391

57,059

< 55,830

54,520

58,071

55,965

-2.3

-2.6

520,015

517, 940

-0.4

5,194
62,842
53, 060
170,287
.0641

6,169
63, 114
49,005
165, 589
,0634

8,540
63, 721
56,479
162,866
.0668

6,439
80,362

10, 505
59,303
56, 530
111,429
.0891

12,879
-24.6
62,817 +26.1
56,754
113, 109
.0879 !
-5.7

-50.0
+27.9

95, 775
577, 615
6 448, 050

74, 949
602,440
6 442, 051

-21.7
+4.3
-1.3

.0630
6

+4.1
-10.4
-42.3
-4.4

1

Cumulative through Aug. 31,

+4.9
+6.4
-18.9
-8.7

-28.3

36

TREND OF BUSINESS MOVEMENTS—Continued
1937

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1926

SepSeptember, tember,
1927,
Septem1927,
from
from
August, tember,
1927
1926

August

September

August

4,792
676
4,117

5,744
1,354
4,390

5,750
1,482
4,268

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

1936

1927

51,209
11,798
39,410

46,025
9,371
36,654

Perct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

NONFERBOUS METALS— Continued
Babbitt Metal
Consumption:
Total apparent
thous of Ibs
Direct by producers
thous. of lbs__
Sale to consumers
thous of Ibs
Arsenic
Crude:
Production
Stocks, end of month
Refined:
Production
Stocks end of month

4,946
971
3,975

4,855
830
4,025

4,605
1,442
3,162

5,497
< 1,008
44,489

short tons _
short tons_.

905
1,432

1,003
1,155

1,163
1,363

972
1,009

166
2,947

488
2,959

« 3, 540

«9,059 +155. 9

short tons__
short tons

683
1,718

789
1,266

765
789

986
1,346

495
3,002

560
2,648

6

•6,901 +114.8

dozens. _ 159, 178
_ .dozens. . 133, 387

110, 909
119, 724

124,264
128, 816

133, 309
148, 148

127, 366
134,323

135, 572
140,491

33, Oil
29, 900

48,849
46, 357

30, 712
31,832

44, 632
48,291

44,700
44, 911

42, 219
43, 060

104, 953
158, 014
109, 224

110, 278
132, 469
108, 429

104, 680
122, 609
111,119

110, 204
120, 983
106, 335

93, 163
123, 955
96, 343

114, 748
139, 964
113,835

102, 333
149, 555
97, 178

-15.5
+2.5
-9.6

109,206
243, 959
116,205

115,371
212, 933
112,893

107, 342
825, 684
118, 506

122, 830
212,851
123, 292

115, 348
187, 715
116,775

122, 523
219, 086
119,924

130, 131
210, 291
115, 797

112,461
303, 586
118, 391

121, 808
260, 733
114, 797

111,338
244,407
116,920

127, 462
231, 848
128, 072

115, 476
215, 369
122,646

122, 294
273, 590
127,758

49, 844
135, 726
46, 937

53, 401
131, 536
50,421

44, 598
132, 806
48, 777

52, 569
124, 154
50, 967

48, 612
132, 889
46, 794

46, 666
117,488

42, 164
112, 921

43, 613
119, 945

38, 829
118, 593

318, 071

292, 358

248, 893

330, 746

404, 648
153, 434
227, 899
23, 315

398, 743
170, 942
208, 334
19, 467

366, 338
142, 373
204,470
19, 495

432, 571
175, 999
237,532
19,040

-12.8
-32.9
-8.3

-16.7
-54.4
-3.5

3, 213

-10.1
-20.6
-7.0

Galvanized Sheet Metal Ware
Pails and tubs:
Production
Shipments
Other:
Production
Shipments

.

dozens. .
dozens

Enameled Ware
Baths:
Shipments
_
- number..
Stocks, end of month
number. .
New orders
_ .number __
Lavatories:
Shipments
number
Stocks, end of month
number
New orders
. number. .
Sinks:
Shipments
number..
Stocks, end of month
number..
New orders
number _ _
Miscellaneous sanitary ware:
Shipments
number
Stocks, end of month _ .
.number _
New orders
number..
Unfilled orders, end of month:
Baths
number
S mall war e
number _ _
Enameled sheet-metal ware, shipments: *
Total .
dozen pieces..

.

« 917, 930 6 1, 183, 659
6
954, 527 8 1, 219, 002

+28.9
+27.7

. ... « 390, 779
8 381, 791

6 290, 606
« 289, 350

-25.6
-24.2

-9.0
-17.1
q

948, 501

887, 997

-6.4

986, 729

902, 017

-8.6

-6.1
-11.8
-5.3

-11.4
-10.7
+.8

1, 087, 596

987, 199

-9.2

1,091,481

1, 006, 015

' -7.8

125, 044
257, 240
115, 973

-9.4
-7.1
-4.2

-7.7
-16.3
+5.8

51, 559
145, 143
55, 657

55, 412
137, 971
51,483

-7.5
+7.0
-8.2

-12.3
-3.7
-9.1

41, 407
117, 075

61, 991
155,423

48, 278
143, 670

+6.6
-1.3

-14.2
-18.5

527, 640
195, 494
306, 715
25, 431

419, 071
172, 126
228,488
18,457

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

86, 986
145, 616
51, 872

97, 335
146, 974
43,052

765,810

829,355

792, 613
876, 297

937, 913
745, 783

273
165, 773
150, 419

326
153, 632
173, 958

1, 073, 172

1, 019, 422

-5.0

1,085,392

1, 038, 866

-4.3

472, 114

434, 890

-7.9

492, 178

426, 488

-13.3

4, 510, 672 4,001,092
1, 715, 613 1,498,757
2, 603, 372 2, 307, 434
203, 901
191, 687

-11.3
-12.6
-11.4
+6.4

• 722, 984 « 652, 085
« 1, 203, 714 « 1, 067, 898

-9.8
-11.3

Band Instruments

Shipments:
Total
Cup mouthpieces
Saxaphones
Wood wind

dollars..
dollars
dollars ._
dollars

+22.0 +2.5
+11.1 -18.1
+29.1 +23.7
-9.3
+33.6

Electrical Equipment
Electrical porcelain, shipments:
42, 402
Standard.. _ ._
dollars..
72, 846
96,438
62, 697
Special
_
..
dollars. _ 132, 927 134, 550 131, 293 114, 467
High tension
.
dollars
44, 526 400, 398 386, 174
1,864
Glazed nail knobs
thousands* __
3,107
3,358
2,361
635
Unglazed nail knobs
.thousands*..
1,502
2,123
1,165
Tubes
thousands*
1,030
1,218
2,107
1,145
Laminated phenolic products,
shipments
dollars. 496, 592 592, 366 636, 716 929, 872 1, 033, 466
Motors:
New orders
dollars
831, 274
810,424 736, 679 706, 219
Billings (shipments)
dollars. . 737, 547 859, 582 776, 866 823,940
Electric hoists:
New orders229
Quantity
number. .
285
330
278
300
Value
dollars
171, 192
128, 313 105, 103 162, 594
147, 323
Shipments
._ dollars. _ 124, 729 129, 810
98, 020
128, 331 151, 674
Welding sets, new orders:*
Single operator
units
139
118
136
137
133
Multiple operator _
. ...
units _
7
8
23
12
26
Electric overhead cranes:
679
Shipments
.. .thous. of dolls. _
671
729
801
653
964
689
iiew orders
thous of dolls
487
684
483
Unfilled orders, end mo
thous. of dolls _
2,746
2,555
2,643
2,278
2,273
Outlet boxes and covers, shipments
pieces. _ 2, 332, 608 2, 285, 533 1, 936, 639 2, 645, 760
Vulcanized fiber:
Shipments719
Total
thous of dolls
734
731
736
Hollow ware
thous. of dolls
57
46
66
55
Consumption
thous. of Ibs _
2,465
2, 256
2,570
2,461
Industrial reflectors, sales
units. _ 123, 080 117, 156 107, 384
120, 353
8
* Revised.
Cumulative through]Aug. 31.
* See table on




5,492,578

+7.9
-9.4
+18.2

+24.6

-8.0
-4.1
-12.8

5, 638, 673

+2.7

6 6, 906, 161 66,323,325
67,065,329 6 6, 191, 075

+11.1

-8.4
-12.4

2,528
1, 280, 046
1, 177, 583

-8.7
-14.9
-21.4

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

-2.9
+13.0
982
777

1,048
1,016

-10.4
+41.6
-0.2

1 215
123

-37.7
-32.7

8,843
8,889

7,145
6,299

-19.2
-29.1

902
6 7, 463
913
6 6, 162
42
47
6396
M45
2,711
2,682
6 24, 137
« 20, 765
133, 813 145, 161
p. 21 of the September, 1927, issue for earlier data.

-17.4
+12.4
-14. 0

37

TREND OF BUSINESS MOVEMENTS—Continued.

The cumulative^ shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

July

35, 395
1,305
1,368

36, 627
1,443
1,694

33, 637
1,229
1,531

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

August

September

August

11, 705

41, 950

1,278

1,313

46, 352
1,341
3,548

369

September,
Septem1927,
from
ber
August,
1927

September,
1927,
from
September,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

1936

1937

Per ct.
increase(+)
or decrease
(-)
cumulative
1927
from
1926

FUELS
Coal and Coke

Bituminous:
ProductionUnited States
thous. of short tons._
Canada
thous of short tons
Exports
.
_ thous. of long tons
Consumption—
By vessels
thous. of long tons
By electric power
plants
thous of short tons
By railroads
thous of short tons
By coke plants—
United States
thous. of short tons__
Canada
thous. of short tons
PricesMine average (spot) dolls.per short ton__
Wholesale, Kanawha, f. o. b.
Cincinnati
dolls per short ton
Retail Chicago dolls per short ton
Anthracite:
Production
thous. of short tons
Exports
thous. of long tons
PricesWholesale, chestnut,
New York
dolls per long ton
Retail, chestnut,
New York
dolls per short ton
Coke:
Production, U. S.—
Beehive
-thous. of short tons
By-product
thous. of short tons..
Production, Canada.. thous. of short tons..
Exports
thous. of long tons _
Price, furnace, Connellsville
dolls per short ton

332

357

3,254
7,724

4 3, 229
7,225

6,442
249

6,079
239

335

351

3, 326
7,184

6,034
247

+0.6

-14.3

406, 306

393, 921

-3.0

+2.7

-64.9

18, 424

12, 890

-30.0

739
3,483
8,115

5,897
219

6,574
250

6, 543
250

-2.3
-11.3

-9.9
-12.4

1.99

1.85

1.86

2.07

2.08

2.00

2.15

+0.5

3.64
9.12

3.64
9.09

3.64
9.16

3.54
9.32

3.39
8.32

3.64
8.91

-2.7
+1.7

7,257
304

5,028
228

7,749
280

6,642
290

8,171
395

4 8, 388
363

-14.3
+3.6

-20.8
-20. 1

10.58

10.77

10.80

10.84

11.04

11.47

11.48

+1.8

13.79

13.79

13.79

14.04

14.50

14.54

+1.8

+1.9
-3.3

62, 099
2,170

56, 660
2, 171

-8.8
0.0

60, 945
2,496

60, 320
2,169

-1.0
-13.1

9,763
33, 156
1,424
668

5,829
33, 036
1,494
512

-40.3
-0.4
+4.9
-23.4

558,694

669,468

+19.8

46,492
573, 232
13, 742

41,975
619,411
11,645

-9.7
+8.1
-15.3

219, 654
23, 331
32, 675
195, 777

244,694
28,410
32, 695
224,313

+11.4
+21.8
+0.1
+14.6

«2,427,188 8 2, 532, 746

+4.3

45,886
28,449

41,537
27,793

-9.5
-2.3

8269,711

-3.8

13.54

-31.3

-2.7
+4.6

8,002
305

3,099

6 27, 209
6 63, 291

-3.3

3.64
8.98

4,508

6 26, 691
8 65, 466

+5.1 -50.1

711

3,451
4 7, 885

3,486
7,558

5,993
231

4

48, 976
4 1, 414
3,737

-3.4

4

630
3,792
174
50

577
3, 598
166
59

467
3,658
159
58

487
3,665
169
55

457
3,602
150
76

818
3,742
166
75

892
43,640
166
64

2.94

3.17

3.04

3.08

3.00

3.14

3.49

67,009

-6.2 -48.8
-1.7 -1.0
-11.2 -9.6
+38.2 +18.7
-2.6

-14.0

Petroleum
Crude petroleum:
Production
thous. of bbls_ . 76,275
Stocks, at end of month —
Total (comparable)
thous. of bbls.. 307, 016
Tank farms and pipe
lines.thous. of bbls.. 270, 518
Refineries
thous. of bbls
36,498
CaliforniaLight
thous of bbls
27, 143
Heavy
thous of bbls
90,289
Imports
thous. of bbls..
4,557
Consumption (run to stills) .thous. of bbls.. 70,148
Oil wells completed
number
1,274
Price, Kansas-Oklahoma.. ..dolls, perbbl..
1.155
Gasoline:
ProductionRaw (at refineries)
thous. of bbls.. 26, 787
Natural gas (at plants) -thous. of bbls__
3,219
Exports
thous. of bbls..
4,366
Consumption
...
thous. of bbls
26, 579
Stocks, end of month
thous. of bbls.. 48,609
Price, motor, New York
dolls, per gal..
.190
.153
Retail av., wagon, 50 cities.. dolls, per gal-Retail distribution, 21 States. thous. of gals.. 327, 179
Kerosene oil:
Production
thous. of bbls__
4,663
Consumption
_
thous. of bbls__
3,188
Stocks at refineries end mo thous of bbls
8,568
Price 150° water white
dolls per gal
.076
Retail distribution, 13 States. thous. of bbls.. 37,857
Gas and fuel oils:
Production
- -thous. of bbls. _ 33,499
Consumption—
By vessels
--thous. of bbls._
4,250
By electric pow. plants.thous. of bbls..
487
By railroads
-thous. of bbls..
3,948
Stocks at refineries, end mo.thous. of bbls.. 26,059
.925
Price, Okla. 24-26, refineries. dolls, per bbl_.
Lubricating oil:
Production
thous. of bbls..
2,625
1,928
Consumption
thous. of bbls..
8,011
Stocks at refineries, end mo.thous. of bbls. _
Asphalt:
Production
. _ .thous. of short tons .
319
223
Stocks, end of month.thous. of short tons..
Coke:
88
Production
thous . of short tons. _
329
Stocks end of month thous of short tons
Wax:
Production
thous. of lbs_. 46, 267
Stocks. end of month
thous. of lbs_. 207. 329
4 Revised.




74,538

78,333

77,998

75,081

4 65, 782

-3.7 +14.1

315,702

324, 930

333, 673

339, 741

277, 959 4 277, 988

+1.8 +22.2

279,935
35, 767

288,385
36, 545

295, 643
38, 030

301, 528
38, 213

240, 977 4 240, 164
36, 982
37, 824

+2.0 +25.6
+0.5 +1.0

26,898
90,516
4, 019
68,022
1,248
1.155

25, 301
91,695
4,824
71, 901
1,275
1.155

23,262
91, 965
6,261
71,206
1,120
1.155

22,795
92, 186
5,122
68,789
1,056
1.198

32, 149
87, 772
5,332
67, 589
1,858
2.050

30, 494
87, 353
4,350
4 66, 420
1,745
2.050

-2.0 -25.2
+0,2 +5.5
+18.2 +17.7
-3.4
+3.6
-5.7 -39.5
+3.7 -41.6

26, 616
28, 118
3,093
3,119
3,097
4,209
29,784
27,799
43,768
39,069
.190
.190
.147
.149
357, 630 4393,090

28, 010
3,214
4,101
29, 779
33,455
.175
.149
403, 537

27, 716
3,245
3,481
28,409
29,738
.170
.146

25,942
2,664
3,430
26,856
34, 421
.210
.197
377, 467

25, 360
2,657
3,846
4 22, 970
33, 257
.210
.196
360, 409

-1.0
+1.0
-15.1
-4.6
-11.1
-2.9
-2.0

+9.3
+22.1
-9.5
+23.7
-10.6
-19.0
-25.5

4,308
2,695
8,567
.072
33,449

4,484
2,637
9,038
.070
30,857

4,420
3,389
8,373
.068
38, 720

4,686
3,280
8,120
.068

5,162
2,729
8,196
.109
35 982

5,207
4 3, 406
8,162
.116
35, 522

+6.0
-3.2
-3.0
0.0

-10.0
-3.7
-0.5
-41.4

8270,475

+0.3

31, 691

33,693

34, 098

32,339

31, 154

30, 698

+5.2

+5.3

267, 751

[292,6741

+9.3

4,244
475
3,732
26,590
.906

4,077
<474
3,756
28,890
.900

4,470
<501
3,921
30, 346
.870

4,436
505

4,040
916
4,211
27, 151
1.425

-0.8 +9.8
+0.8 -44.9

31,631
.850

4,126
761
4 4, 075
26, 500
1.355

34, 313
6,723
8 31, 732

37, 074
5,120
« 31, 460

+8.0
-23.8
-0.9

2,571
2,197
7,628

2,672
1,811
7,496

2,752
2,004
7,491

2,782
1,965
7,447

2,648
2,092
7,226

2,645
2,023
7,149

+1.1
-1.9
-0.6

+5.2
-2.9
+4.2

24, 102
17,243

23,686
16, 698

-1.7
-3.3

347
232

335
214

340
192

333
176

306
200

309
189

-2.1
-8.3

+7.8
-6.9

2,169

2,534

+16.8

95
293

90
306

95
304

98
314

89
278

95
288

+3.2
+3.3

+3.2
+9.0

. 723

833

+15.2

44,938
198.808

47, 979
191. 501

41, 576
180. 645

54, 441
47,888
49, 228 +15.2
165, 065 159. 779
170. 172
-5.8
8 Cumulative through Aug. 31.

-2.7
+6.5

479, 151

432,686

-9.7

+4.2 +16.5
-2.3 -40.4

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 23 to 133 of
the August, 1927, "Survey"

1

CUMULATIVE TOTAL Per ct.
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30
(+)
or deSepcrease
September,
(-)
tember, 1927,
cumuSeptem1927,
from
1926
1927
lative
from
ber
Sep1927
August, tember,
from
1927
1926
1926
PER CENT INCREASE (+) OR
DECREASE ( — )

1926

1927

September

August

43, 665
4,545
25, 383
6,485
4,510

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

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

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

284,326
222, 234
41, 561
20, 531

.224
.210

.149
.178

.152
.178

+4.2
-0.9

838
389
3,050
1,168

828
357
2,534
1,185

811
379
2,834
1,093

971
408
2,616
1,224

-1.2
-8.2
-16.9
+1.5

-14.7 !
-12.5
-3.1
-3.2

89, 059
148, 586
33, 031

108, 610
161, 474
59, 505

98, 306
173, 696
89, 020

92, 541
164, 518
51, 052

100, 990
189, 275
74, 702

-9.5
+7.6
+49.6

1,356
25, 576
60, 224
91, 819
22, 337

* 1,393
26,040
72, 095
4 94, 541
< 26, 296

1.337
85, 863
21,480

1,183
22, 308
67, 313
100, 217
19, 221

1,152
21, 978
69, 090
98, 098
23,488

217, 119

205, 480 « 196, 326

215, 101

232, 545

223, 165

91,441
142, 181

88, 489
150, 216

84, 753
148, 821

80, 313
155, 178

81, 721
151, 905

66, 315
251, 871

65, 746
248, 819

63, 571
245, 995

90, 660
289, 218

85, 819
278, 719

May

June

July

37, 105
3,598
16, 699
8,267
6,393

42, 372
4,516
20, 223
7,507
6,801

37, 299
4,025
20, 506
5,770
4,654

55,397
5,54l
33, 495
6, 973
6,245

230, 924
174, 407
35, 532
20, 985

226, 274
169, 671
35, 247
21, 356

232, 103
172, 008
38, 441
21, 654

239, 049
180, 700
36, 321
22, 028

.195
.201

.219
.226

.215
.212

785
462
3,766
992

799
430
4.253
1,058

743
355
3.431
1,014

114, 484
212, 835
13, 790

98, 375
214, 616
21, 058

1,352
25, 034
69, 866
81, 340
25, 349

August

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of Ibs. _
Calfskins
thous. of lbs_.
Cattle hides...
thous. of lbs._
Goatskins
thous. of lbs_.
Sheepskins
thous. of Ibs. _
Stocks, end of month:
Total hides and skins
thous. of Ibs
Cattle hides
thous of Ibs
Calf and kip skins
thous, of Ibs
Sheep and lamb skins
thous. of lbs._
Prices:
Green salted, packers' heavy
native steers
dolls per Ib
Calfskins country No 1
dolls per Ib
Inspected slaughter of livestock:
United StatesCattle
thous. of animals.
Calves. _
_ _ . thous. of animals..
Swine.
thous. of animals ..
Sheep
thous. of animals..
Canada—
Cattle and calves
no. of animals
Swine
.no. of animals. .
Sheep
no. of animals- .

.168
. 177

Leather
Production:
1, 378
Sole leather.. thous. of backs, bends, sides..
25, 842
Finished sole and belting
thous. of Ibs
60, 197
Finished upper
thous. of sq. f t _ _
81, 719
Oak and union harness.
stuffed sides..
Skivers
.
_ -doz
23, 985
Unfilled orders:
238, 983
Oak and union harness
sides
Stocks in process of tanning:
90, 395
Sole and belting
thous. of Ibs
Upper.
...
. -thous. of sq. f t _ _ 144, 257
Stocks, end of month:
66, 298
Sole and belting
thous. of Ibs .
Upper
_._.
thous. of sq. ft. _ 267, 949
Exports:
Sole
_
thous. of Ibs.521
Upper—
Total
- - -thous. of sq. f t . . 11, 151
8,167
Cattle and calf
thous. of sq. ft..
2,525
Patent
.
_ .thous. of sq. ft..
459
Sheep
thous. of sq. ft..
Prices:
Sole, oak, scoured backs,
heavy, Boston..
dolls, perlb..
.45
Chrome calf, "B" grades. -dolls, per sq. ft..
.48
Leather Products
Shoes:
Production
thous. of pairs..
Exports
_
thous. of pairs
Wholesale pricesMen's black calf
blucher, Mass
dolls, per pair..
Men's dress welt, tan
calf, St. Louis
dolls, per pair..
Women's black kid, dress
welt, lace, oxford
dolls, per pair..
Gloves:
Glove leatherProduction.
thous. of skins..
Stocks (tanned)—
In process
thous. of skins..
Finished.
thous. of skins..
Gloves, cut—
Total.
dozen pairs..
Dress and streetImported leather
dozen pairs..
Domestic leather
dozen pairsWork gloves . .
... .dozen pairs

25, 626
586

-21.2 +46.5
-18.0 +18.9
-24.2 +120. 0
-3.4
-7.0
-27.8 -20.0

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

334, 281
33, 615
170, 573
63, 683
45, 696

+14.1
-1.0
+43.1
-9.7
-5.5

7,350
3,862
29, 656
9,583

6,982
3,678
32, 110
9,525

-5.0
-4.8
+8.3
-0.6

-2.7
-8.2
+19.2

772, 853
1,756,647
266, 239

819, 037
1, 830, 024
304, 519

+6.0
+4.2
+14.4

-4.0

+16.1

-9.2
-18.3

-12, 5
-8.5

9,964
6 169, 699
« 552, 132
934, 520
196, 691

12, 014
6
202, 387
6 531, 362
714, 611
210, 016

+20.6
+19.3
-3.8
-23.5
+6.8

+9,6

-3.6

+47.4
+18.0

819

820

753

730

1,152

1,180

-3.1

-38.1

11, 169

7,390

-33.8

11, 004
7,932
2,478
594

11, 725
7,702
3,161
862

10, 470
7,375
2,216
879

10, 339
7,340
2,242
757

9,937
7,576
1,534
827

11, 348
8,666
2,377
707

-1.3
-0.5
+1.2
-13.9

-8.9
-15.3
-5.7
+7.1

104, 073
77, 217
21,218
6,040

104, 669
75, 309
23, 323
6,037

+0.6
-2.5
+9.9
0.0

.49
.48

.51
.51

.53
.51

.53
.51

.41
.45

.43
.45

0.0
0.0

+23.3
+13.3

27, 497
591

* 27, 775
456

34, 633
337

312

29, 646
357

31, 673
426

-7.4

-26.8

227, 482
4,324

+8.8
+1.6

6.40

+1.6

+1.6

6 6, 516

+18.2

6

6.40

6.40

6.40

6.40

6.50

6.40

4.85

4.90

5.00

5. 00

5.00

4.85

4.85

0.0

+3.1

4.00

4.00

4.00

4.00

4.00

4.00

4.00

0.0

6

209, 005
4,256

0.0

860

837

753

898

613

666

1,677
2,819

1,627
2, 748

1,639
2,848

1,589
2,636

1,891
2,853

1, 789
2,656

208, 924

223, 177

213, 773

241, 652

224, 583

218, 191

H,675,810 61,731,902

57, 848
36, 503
114, 573

62, 219
37, 737
123, 221

57, 887
30, 720
125., 166

64,010
41, 669
135, 973

56, 224
34, 590
133, 769

56, 406
33, 905
127, 880

6 398, 225
6 267, 182
H,010,392

6 478, 805
6 286, 828
6 966, 269

+20.2
+7.4
-4.4

long tons..
long tons

4 48, 748
36, 518

* 49. 459
33, 045

41, 480
37, 677

48, 690
32, 810

33, 301

53,079
27, 399

55, 363
37, 112

6 391, 303
306, 957

6 398, 457
326, 745

+1.8
+6.4

___long tons_.
long tons_thous. of lbs._
dolls, per lb_.

70, 099
65, 700
47, 270
.300

66, 887
66, 300
48, 778
.278

66, 776
58, 800
41, 209
.255

45, 706
.243

.230

31, 756
72, 100
49, 841
.337

36, 880
67, 400
48, 168
.340

6374,025

+6.0

1

1

6 5, 514

+3.3

RUBBER
Crude Rubber
World shipments, plantation
Imports (including latex)
Stocks, end of month:
United Kingdom
Plantation, afloat
Consumption by tire mfrs
Wholesale price, Para, N. Y




* Revised.

63, 000

8

+1.5 ~ — 16.~3~

-5.3
Cumulative through Aug. 31.

1

-32.4

6352,885

39

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1926

July

August

September

August

SepSeptember, tember,
1927,
Septem- 1927,
from
ber
from
SepAugust, tember,
1927 ' 1926

CUMULATIVE TOTAL
Per ct .
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30
(+ }

1926

1927

or ,
decrease
(-)
cumulative
1927
from
1926

RUBBER—Continued
Tires and Tubes
Pneumatic tires:
Production
Stocks, end of month
ShipmentsDomestic
Exports
Inner tubes:
Production
Stocks, end of month
Shipments—
Domestic
Exports
Solid and cushion:
Production
Stocks, end of month
ShipmentsDomestic
Exports

thousands..
thousands..

4,629
9,370

4,678
9,369

3,835
8,522

4,334
8,070

... thousands. _
thousands..

4,069
186

4,487
222

4, 316
180

4,666 """
144

thousands..
thousands..

5,060
13, 813

4,742
13,419

3,971
12, 028

thousands..
thousands..

4.501
109

5,024
108

thousands. _
thousands. _

65
178

thousands..
thousands..

4,411
7,311

4,286
7,001

6 31, 290

634,510

4, 973
91

4,452
84

6 29, 312
6710

632,488 +10.8
6 1, 425 +100.7

4,871
11,023

5, 572
11, 709

5,698
11, 497

6 39, 547

6

5, 205
104

5,898
96

7,114
74

5,755 I
69

6 36, 123
6524

6 38, 022
6781

+5.3
+49.3

62
186

48
180

49
183

44
181

44 i
168

6398

6435

+9.3

45
4

50
6

43
5

45
5

53
4

52
4

6328
638

6367
648

+13.6
+26.3

2,175
955
1,206

1,865
768
1,573

2,160
712
2,047

2,475
802
2,723

2,940
913
1,533

3,964
804
2,652

6 16, 108
e 5, 296
66,865

6 17, 421
66,471
6 11, 902

+8.2
+22.2
+73.4

16, 133

16, 341

15, 907

18, 363

14, 490

16, 349

e 115, 750

6 120, 946

+4.5

7,128
7,016
47, 516

8,833
9,303
45, 453

9,598
6,936
41, 056

10, 624
8,676
38, 849

9,607
7,911
49, 593

9,785
9,429
45, 483

6 67, 140
e 38, 580

e 64, 108
6 52, 880

-4.5
+37.1

1, 203, 246
1, 245, 874

-12.2
-9.4

~

37, 306

+10.3

-5.7

Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal
thous. of yds..
Auto fabrics
thous. of yds..
Clothing fabrics.._
-thous. of yds..
Rubber heels:
Production
thous. of pairs._
Shipments—
To shoe manufacturers.thous. of pairs..
To repair trade__
thous. of pairs..
Stocks, end of month
thous. of pairs..

•

PAPER AND PRINTING
Wood Puip

Mechanical:
Production..
short tons.. 160, 192
Consumption and shipments...short tons._ 137, 997
Stocks, end of month
short tons.. 243. 762
17, 217
Imports
short tons..
Chemical:
Production
_
short tons. _ 214, 848
Consumption and shipments...short tons.. 214, 918
Stocks, end of month
short tons.. 39, 120
Imports...
short tons.. 116, 912
2.63
Price, sulphite
dolls, per lOOlbs..
Newsprint Paper
Production:
United States
short tons..
Canada
_.short tons..
Consumption by publishers
short tons..
Shipments:
United States..
short tons..
Canada.
short tons._
Imports
short tons..
Exports:
United States
short tons..
Canada
short tons..
Stocks, end of month:
At mills—
United States
short tons..
Canada
short tons..
At publishers
...short tons..
In transit to publishers..
short tons..
Price, roll, f. o. b. mill
dolls, per 100 lbs_.

108, 322 * 102, 995
127,623 * 136, 569
218, 795 « 185, 222
13, 344
18, 596

97, 671
124, 811
157, 735
28, 389

123, 438
149, 520
198, 782
26, 759

135, 003
147, 025
186, 760
31, 771

-5.2
-8.6
-14.8
+52.7

-27.7
-15.1
-15.5
-10.6

1, 369, 85y0
1, 374, 518
213,933

172,440

214, 816 * 198, 988 220, 138
198, 068 < 219, 482
215, 020
40, 254
40, 278
39, 086
117, 734
119, 121
109, 700
2.60
2.60
2.60

210, 038
211, 782
38, 510
119, 970
2.60

221, 874
223, 340
45, 566
131, 769
2.75

218, 466
219, 788
44, 012
104, 964
2.75

-4.6
-3.5
-4.3
+0.7
"0.0

-3.9
-3.6
-12.5
+14.3
-5.5

1, 991, 014
1, 997, 580

1,949,458
1, 947, 164

-2.1
-2.5

1, 035, 896

1,006,282

-2.9

130, 158
135, 689
238, 231
20, 275

-19.4

128, 046
171, 819
186, 268

125, 837
171, 586
169, 536

127, 129
118, 929
162, 564
180, 175
157, 325 < 154, 167

114,735
178, 815
169, 286

139, 035
162, 545
151, 144

135, 848
161, 387
163, 089

-9.7
-0.8
+9.8

-15.5
+10.8
+3.8

1, 259, 506
1, 380, 722
1, 448, 660

1, 136, 100
1, 519, 223
1, 523, 938

-9.8
+10.0
+5.2

127, 635
170, 468
170, 545

122, 930
168, 951
161,473

119, 840
159, 843
159, 687

124, 402
180, 666
167, 475

114, 325
177, 195
168, 630

136, 318
160, 031
161, 063

136, 963
162, 740
139, 720

-8.1
-1.9
+0.7

-16.5
+8.9
+20.7

1,254,695
1, 376, 868
1, 339, 000

1, 118, 386
1, 500, 126
1, 442, 388

-10.9
+9.0
+7.7

1,314
149, 924

1,119
159, 495

983
140, 543

1,215
163, 115

704
168, 855

1,206
149, 935

1,413
143, 524

-42.1 -50.2
+3.5 +17.6

15, 760
1, 262, 340

10, 290
1, 373, 411

-34.7
+8.8

24, 233
27, 520
193, 005
43, 862
3.30

26, 549
28, 851
196, 860
40, 784
3.30

27, 764
32, 282
205, 967
40, 476
3.30

30, 335
31, 743
231, 992
40, 911
3.30

30, 751
33, 384
225, 310
45, 570
3.30

19, 098
15, 624
165, 229
36, 316
3.50

18, 026
14, 684
170, 543
36, 863
3.50

+1.4 +70.6
+5.2 +127. 3
-2.9 +32.1
+11.4 +23.6
-5.7
0.0

Printing
Book publication:
693
American manufacture
no. of titles..
Imported
no. of titles. .
70
Sales books:
12, 233
New orders
thous. of books..
Shipments
thous. of books..
10, 781

588
93

723
105

626
129

587
135

805
135

6 5, 072
6
1, 054

6 5, 530
6918

+9.0
-12.9

11, 790
12, 707

12, 231
8,870

12, 739
13, 446

12, 277
12, 387

13, 288
12, 625

12, 682
12,096

-3.6
-7.9

-3.2
+2.4

109, 903
105, 858

108, 951
104,254

-0.9
-1.5

8,200
78.9
213, 196
212, 227
94,847
205, 537
210, 320
52,452

7,413
74.2
189,875
212,434
115, 097
180,822
194, 131
49, 519

8,886
82.3
232, 723
227, 397
112, 763
227, 430
229, 719
52, 283

8,676
86.8
225, 633
235, 960
120, 331
216,101
228,393
49, 161

9,140
87.9
226, 337
212, 845
110, 362
222, 403
224, 702
60, 420

9,312
93.1
230, 050
219, 850
102, 027
212, 608
227, 824
62, 669

-2.4
+5.5
-3.0
+3.8
+6.7
-5.0
-0.6
-6.0

— 6.8
-6.8
-1.9
+7.3
+17.9
+1.6
+0.2
-21.6

151, 171
43. 807

151, 094
51. 520

130, 503
72.087

-2.2
127,649
120, 087
195, 597
53,875
70, 311 -25.3
57,285
« Cumulative through Aug. 31.

Box Board
Operation.
thous. of inch hours..
7,760
Operation
per ct. of capacity.
77.6
Production
short tons.. 198, 710
New orders
short tons.. 192, 616
Unfilled orders, end of month
short tons.. 93, 248
Consumption of waste paper.
short tons.. 191, 427
Shipments
__
.short tons.. 200, 282
Stocks, end of month
shorttons..
48, 906
Stocks of waste paper, end of month:
149, 438
On hand
tons..
In transit and unshipped purchases..tons.. 59.289
< Kevised.




+6.3
-23.4

78,497

71, 916

-8.4

1,919,807
1,903,998

1,848,452
1, 886, 280

-3.7
-0.9

1, 843, 474
1, 904, 529

1,766,648
1, 855, 225

-4.2
-2.6

40
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

SepSeptember, tember,
1927,
Septem1927,
from
ber
from
SepAugust, tember,
1927
1926

May

June

July

August

September

August

103, 604
71, 387

110, 856
72, 101

100, 879
73, 543

112,984
75, 749

106,205
75,749

108, 656
67, 750

110, 829
67, 073

-6.0
0.0

-4.2
+12.9

94
88
84
12

94
94
76
8

88
83
79
9

84
83
70
7

75
77
76
7

87
81
89
9

90
89
85
9

-10.7
-7.2
+8.6
0.0

87
82
68
8

80
80
77
8

88
78
76
8

85
78
82
9

94
91
92
13

96
95
88
12

-3.4
0.0
+7.9
+12.5

-11.5
-17.9
-6.8
-25.0

84, 451
73,081

88, 818
74, 532

* 85, 305
« 76, 796

« 94, 193
« 78, 626

89,795
81, 416

92, 546
66, 211

90, 432
64,444

-4.7
+3.5

38, 734
50, 436

37, 635
51, 695

33, 360
48, 801

37,098
50, 199

37, 329
50, 756

36, 488
53, 528

36, 751
53, 843

100, 357
72, 942

100, 515
73, 897

< 90, 382 « 103, 623
< 72, 738 « 74, 302

101, 365
72,485

97, 525
77,675

653, 902 « 676, 857 618, 730 < 707, 750
340, 985 351, 226 * 349, 161 4 361, 494

675,062
360, 318

Perct,
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

-16.7
-13.5
-10.6
-22.2

93
89
89
10

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

1926

1927

1,000,214

1,000,118

0.0

-0.7
+26.3

797, 996

812, 117

+1.8

+0.6
+1.1

+1.6
-5.7

347, 592

333, 102

-4.2

103, 174
75,215

-2.2
-2.4

-1.8
-3.6

921,808

898, 577

-2.5

700,587
344,682

707,084
341,270

-4.6
-0.3

-4.5
+5.6

6,246,923

6,028,466

-3.5

386,039
308, 585
77,454

441, 593
348, 835
92, 758

441,372
354,798
86, 574

-3.7
-2.8
-7.0

-12.5
-13.0
-10.5

3, 590, 779 3, 555, 119
3,830,936 2,842,708
712, 411
759, 843

-1.0
-25.8
-6.2

80
79
84

82
83
79

81
83
76

+11.1
+3.9
+2.4

-1.2
-4.8
+10.5

68,980,158 «8,784,606
« 2, 504, 686 «2,384,649

22
-4.8

PAPER AND PRINTING— Continued
Book 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..
New 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..
New orders. _per ct. of normal production..
Unfilled orders, end of month
days..
Other Paper
Wrapping paper:
Production
short tons
Stocks, end of month
short tons..
Fine paper:
Production
... .. short tons
Stocks, end of month
short tons..
All other grades:
Production
_
short tons .
Stocks, end of month
short tons..
Total paper (inc. newsprint and boxboard) :
Production
short tons
Stocks, end of month
short tons..

4

Paperboard Shipping Boxes
Production:
Total
thous. of sq. ft__ 406, 633 360, 888 383, 565 400,806
Corrugated
thous. of sq. ft__ 326, 474 290, 546 308, 585 317,529
Solid
fiber
_
thous. of sq. ft.. 80, 159
83,277
70, 342
74,980
Operating activity:
Total
per cent of normal..
75
72
67
68
C orrugated
per cent of normal _ .
75
69
76
68
Solid
fiber
per cent of normal. _
82
76
64
66
Paper boxes:
Shipments
dollars. _ 1,060,508 1, 128, 282 1, 018, 079 1,214,888
Payroll
dollars- 297, 680 297, 607 276, 569 317,485
Other Paper Products
Abrasive paper and cloth:
Domestic sales
_
reams..
Foreign sales
_
__reams_.
Labels, orders
per ct. of capacity..

85,928
17, 735
72.0

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Portland, Oreg
number..
12,942
Minneapolis, Minn
number
5,828
Real estate conveyances (41 cities) — -number. _ 150, 558
Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of month...
189
Brick house, 6-room, 1st of month
189
Concrete factory costs (Aberthaw),
1st of following month...
193
Building costs (Engineering News Record},
1st of following month . _
206
Buildings costs (A. G. C.)
_
__
200
Building volume (A. G. C.)_
_
197
Construction index:
Frame..
index number
204
Brick, wood frame
index number. .
213
Brick, steel frame.
index number. .
196
Reinforced concrete
index number. .
199
Building Contracts and Losses
Contracts awarded (36 States) :
Commercial buildings
thous. of sq. ft..
12,499
Industrial buildings
thous. of sq. ft_.
6,062
Residential buildings
thous. of sq. ft_.
38, 228
Educational buildings
thous. of sq. ft-_
5,136
Other public and semipublic buildings
thous. of sq. ft.7,957
Grand total
thous. of sq. ft_.
70, 580
Contracts awarded, value (36 States) :
Commercial buildings
thous. of dolls-. 69, 183
Industrial buildings
thous. of dolls.. 42, 869
Residential buildings
thous. of dolls.. 212,500
Educational buildings
-thous. of dolls..
33,655
Other public and semipublic buildings
...thous. of dolls..
67,334
Public works and utilities. -thous. of dolls- . 105,220
Grand total
thous. of dolls. . 530, 762
Contracts awarded, Canada
thous. of dolls -. 46,759
Fire losses:
United States and Canada, .thous. of dolls.. 20,713

<Re\ised.



1,234,541 1,435,729
328, 808 350,216

81,917
15, 877
124.1

77,655
16, 522
66.1

89, 622
13,584
79.0

85,379
14, 361
77.7

94,911
10, 549
74.1

93, 804
10, 896
65.4

-4.7
+5.7
-1.6

-9.0
+31.8
+18.8

792, 771
119,268

763, 835
141, 781

-3.6
+18.9

10,980
4,526
154,694

10,449
4,013
150,492

11,820
8,347
146, 345

13,425
7,800
140,441

17,043
8,923
151,418

18, 171
8,169
146, 717

+13.6
-6.6
-4.0

-26.1
-4.5
-4.3

150, 666
46,521
1,401,575

107, 751
46, 678
1,329,565

-28.5
+0.3
-5.1

190
189

190
189

187
188

184
187

196
196

194
193

—1.6
-0.5

-5.2
-3.1

192

192

192

191

197

197

-0.5

-3.0

204
200
212

206
199
221

204
199
238

204
201
236

208
196
215

210
196
221

0.0
+1.0
-0.8

-1.9
+2.6
+6.8

204
213
196
200

205
214
197
200

205
214
197
200

205
215
197
200

203
213
198
200

203
213
197
200

0.0
+0.5
0.0
0.0

+1.0
+0.9
0.0
0.0

12,395
5,541
42,038
5,374

12,485
5,484
34,802
5,207

10,880
5,839
39,354
5,784

9,723
5,453
38,046
4,114

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

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

-10.6
-6.6
-3.3
-28.9

-31.4
-13.3
-5.3
-10.3

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

103, 789
51, 763
348,920
40, 901

-6.4
-13.2
-7.8
-1.3

8,465
75,231

6,465
65, 182

7,310
69,863

6,810
64,858

7,207
72,220

6,303
71,897

-6.8
-7.2

+8.0
-9.8

49,612
644,039

58, 184
611, 179

+17.3
-5.1

82,543
32,985
233, 193
40,568

81, 130
29,043
180,840
35,006

73,698
40,047
201, 743
40, 144

56,938
48,052
196, 501
28,344

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

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

-22.7
+20.0
-2.6
-29.4

-40.3
-1.6
-10.6
-14.0

674,846
519,675
1, 937, 557
288,537

692, 267
348, 103
1,842,963
285,973

+2.6
-33.0
-4.9
-0.9

75,479
147,343
612, 111
52,229

52,326
135, 581
513,926
50,881

61,951
117,053
534,639
29,881

52,742
123,254
505,830
32,788

58, 153
« 124, 078
574,046
31,696

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

-14.9
+5.3
-5.4
+9.7

-7.2
+36.0
-7.1
+57.9

420, 187
509,397
800,022
946,410
4,609,821 4,627,124
304,874
280,865

+21.2
+18.3
+0.4
+8.5

25,481

24,249

24,300

21,875
27,833
19,309 -10.0
«0uinitiative t trough Au g.31.

+13.3

307,651

247, 346

-19.6

41
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 23 to 133 of
the August, 1927, "Survey"

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

Perct.
increase
or decrease

May

Juno

July

September

August

September

August

cumulative

f)

19 7 >
•-'irom

1926

1927

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

3, 875, 780
3,851,031
3,952,877

-4.7
-8.4
-6.3

426, 233
19, 717

566, 324
3,139

+32. 1)
-84.1

4, 834, 595
4, 976, 944
5.011,414
558, 387
420, 572

4, 498, 413
4, 588, 839
4, 623, 307
516, 580
410,186

-7.0
-7.8

1927
from
1926

i

1926 '

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
Production (computed)
M ft. b. m.. 439, 870 426, 123 413,634 455, 796
Shipments (computed)
M ft. b. m._ 460, 588 405, 744 399, 064 473,029
New orders (computed)
M ft. b. m.. 463,831 407, 970 388. 511 487, 599
Stocks, end of mo. (computed) _M ft. b. m._ 1,218,391 1,208,417 1, 255, 002 1,220,663
66, 790
Exports, lumber
-M ft. b . m _ _ 63,216
72, 334
73,035
210
Exports, timber
M ft. b. m._
311
498
131
Price
flooring
dolls per M ft b m
39.32
37.68
38.96
38.31
Douglas fir:
532, 253
Production
M ft b in
529, 120
510, 319
468, 240
521, 958
ShiDments (computed)
M ft. b. m
548, 369
551, 950
499, 575
New orders
M ft. b. m_. 553, 741 502, 709 489, 727 519, 719
Exports, lumber
M ft. b. m
65, 121
59, 973
68, 544
52, 837
48, 864
Exports, timber
M ft. b. rn.. 56, 865
58,441
47, 495
16. 51
16.56
16 34
Price, No. 1 common-dolls, per M ft. b. m_.
16. 51
Price, flooring, 1x4, "B" and
better, V. G
M ft. b. m..
35. 83
35. 69
35. 77
35. 88
California redwood:
53, 977
Production (computed)
M ft. b. m.. 44, 692
37, 802
35, 177
53, 022
Shipments (computed)
M ft. b. m... 56, 527
41', 970
36, 055
Orders received (computed) M ft. b. m.. 55, 619
42, 373
51, 766
35, 147
California white pine:
Production
M ft. b. m
114,984
159,670
150,098
139, 651
122, 064
Shipments
M ft b m
115,056
106, 470
109, 760
603, 451
Stocks end of month
M ft b m
482, 405
551, 687
567, 809
Western pine:
Production (computed)
M ft. b. m_. 160, 121 172, 088 156, 524 •i 169, 338
Shipments (computed)
M ft. b. in_. 146, 741 144, 557 132,122 4 150, 979
Stocks, end of mo. (computed). M ft. b. ni_. 1, 027, 541 1, 050, 042 1, 073, 739 U.095,370
North Carolina pine:
Production (computed)
M ft. b..m__ 50, 204
53, 781
47, 649
50, 190
Shipments (computed)
M ft. b. m__ 50, 918
52, 934
50, 001
48,727
Northern pine:
Lumber—
Production
M ft b IP
51, 054
47, 379
55, 502
46, 359
Shipments
M ft. b. in
43, 401
42, 501
45, 188
40, 433
36, 884
New orders
M ft b m
44, 451
35, 045
39, 203
LathProduction
_. . thousands . 13, 194
14, 272
15, 722
13, 090
Shipments
thousands. . 13, 634
15, 612
14, 758
15, 229
Northern hemlock:
Production
M ft b m
16,931
21,369
14, 899
15, 395
22, 693
Shipments
M ft. b. m
23, 922
24, 772
21, 324
Hardwood Lumber
Walnut lumber:
3,314
Production
M ft b m
2,717
3,127
2,967
Stocks, end of month
M ft. b. m..- 10,915
11,498
11, 436
11', 063
3,127
Shipments
M ft. b. m.
2, 884
2, 987
2,661
New orders
M ft. b. in
3, 042
2, 654
2.461
3,060
Unfilled orders, end of month.. M ft. b. m..
8, 114
7, 522
8. 061
8. 249
Walnut logs:
3, 184
3, 308
Purchased
M ft. log measure _ .
3, 083
3, 440
Made into lumber and
2,937
veneer
M ft. log measure. 2,883
2, 583
2,476
Stocks, end of month... M ft. log measure.-2,882
3,083
3, 687
3,316
Northern hardwoods:
Production _ . . _ M ft. b. m
27, 077
28, 691
27, 939
21, 879
Shipments. _
M ft. b. in._ 26, 919
29, 750
29, 825
28, 347
Total stocks, end of month —
Total hardwoods
M ft. b. m._ 770, 467 758, 206 801, 223 843, 886
Gum
M ft. b. m__ 191. 549 196, 277 212, 043 221, 167
Oak
M ft b m
276, 704
270, 266
308, 723
284, 908
Unsold stocksTotal hardwoods
M ft. b. m_. 595, 295 591, 505 633, 359 664, 677
139, 531
147, 245
164, 185
170, 437
Gum
]VI ft b m
242, 208
212, 383
215, 629
Oak
M ft b m
222, 997
Unfilled orders—
210, 432
Total hardwoods
M ft b m
206, 994
197, 092
196, 905
66, 409
Gum
M ft. b. m_.
65, 237
61, 124
61, 634
67, 964
63, 934
72, 736
Oak
M ft b m
67, 838
All hardwoods:
Production (computed)
M ft. b. m_. 59, 000
94, 000
69, 000
77, 000
Shipments (computed)
M ft. b. m_- 89, 000
79, 000
80, 000
73, 000
New orders (computed)
M ft. b. m.^ 88, 000
85, 000
68, 000
71, 000
Total Lumber
Production, 10 species
.
M ft. b. m 2, 452, 123 2,411,509 2, 283, 442 2, 576, 553
Exports, planks, joists, etc
M ft. b. m_. 192, 997 213, 464 191, 145 191 , 764
Retail yards, Minneapolis district:
4
16, 618
Sales
M ft. b. m~
19, 997
15, 619
18, 154
Colnposite lumber prices:
Hardwood
dolls, per M ft. b. 01..
Softwoods
dolls, per M ft. b. m_.
Flooriiig
Maple flooring:
Production
Shipments _
_ _. ._
Stocks, end of month
New orders
Kevised.
Digitized for 4FRASER


M ft.
__Mft.
M ft.
M ft.

b. ni_
b. m.
b. iii_.i
b. m _ .

106, 879

103, 713

102,260

41. 90
30. 65

42.47
30. 65

42.59
30. 57

8, 2b2
11.921

10, 101
11,526
25, 061
5.310

9,T91
U, KM
2% 146
4. 044

25,055
11,785

+0.4
457, 587
+2. 1
446.163 ; 448,293
+0.8
+4.0
477, 046
467,317 i 458, 749
+8.4
499,991 ' 445,502 ! -0.9
483, 097
1,193,268 I 1,055,408 ! 1, 052, 000
-2.2 +13.4
46,141 1
48,260
41,951 -27. 7 +15. 0
179
117
71 1 -14.8 +152. 1
37.49
42.89
42. 88
-0.5 -12.6
515,690
526,434
481,221
53,822
58,747
16.55

35. 83

38.50

42. 343
41, 418
39, 680

47.448 i
49,418 i
45,978 :

150,088
119,652
629, 284

171,168
127,671 >
659,098

136, 866
145, 932
1,076,456

i
i
'
\

525, 091
512. 556
528, 224
67, 380
50,983
16. 49

+2.5
-5.6
-6.1
+13. 2
+32. 6
0.0

38.23

0.0

;

+3.2
-3.8
-7.6
+9.4
+27. 1
+ 0.1

|

+18. 4
+23.1
+18. 4

386, 688
359, 078
380, 294

-6. 0
-2.0
+4 3

-6. 6
-5.6
7 3

1,163,727
1, 072, 305

160,740 1
126,708
(579, 154

!

-7' 5
2 5
|

C o j

-21. 6
35, 749
33, 639 -21.9
33,516 | -6.4

175,005 • 157,977 i -19.2
175,618 ; -3.3
186,740
1,165,752 1,154,950 ! -1.7

-13.4 1,361,605
-16.9 i 1,370,791
-6.8

355, 218
-8.1
397.455 1 +10.7
414,652 1 +9.0
916,187
-21.3
928,049 j - 13. 5
1, 216,74s
1, 252, 051

-10.6
-9.1

48, 524
47,670

-L3

+7.4
+9. 6

441, 133
440, 160

454, 895
458,864 |

45, 528
49, 890
50, 389

40, 859
48, 323
46, 204

-8. 2
-7.8
-13.0

+14. 7
— 18.9
-30.5

382, 606
423, 994
401, 637

388, 177
355, 008
327, 721

+1.5
-16.3
-18.4

11,979
11,819

13, 127
16, 942

10, 029
9,846

-16.1
-24.3

+19.4
+20.0

101, 173
110,009

99, 244
102, 658

-1.9
-6.7

14, 277
19, 187

21. 582
23', 027

23, 219
22, 109

-33.2
-15.4

-38.5
-13.2

165, 599
178,425

158, 515
185, 885

-4.3
+4.2

3,000
11,796
2, 798
3, 046
7, 364

2, 610
15, 046
3, 022
3, 353
8,027

2, 640
13.930
2, 806
3, 547
8,498

-9.5
+2.6
-10.5
+23. 8
-2. 1

+13. 6
-15.5
-0.3
-14.1
— 13 3

25, 464

26, 014

+2.2

29, 142
29, 295

26, 429
27, 162

-9.3
— 7.3

3, 773

2, 361

1,991

+14. 1

+89. 5

23, 561

26, 489

+12. 4

2. 995
3,405

2, 439
3, 093

2, 619 i +2.0
2, 237 ! -6.0

+14. 4
+54. 9

22, 418

23, 237

+3. 7

18, 536
26, 475

15,875
29, 674

15,653
15,399

-31. 5
-11.0

+ 18.4
+71. 9

319, 765
254, 373

295, 572
257, 652

-7.6
+1.3

853, 948
231, 300
313,817

824, 661
223, 865
273, 426

893, 104
2?2, 502
301, 830

+1.2
+4.6
+1.7

-4.4
+4.0
+4.0

683. 762
179, 246
257, 604

642, 551
165,011
215,312

685, 439
163, 108
230, 752

+2.9
+5.2
+6.4

-0.2
+9.9
+11.6

196,757
64, 384
62,011

207, 768
70, 279
63, 942

233, 189
69, 822
76, 661

-6.5
-3.0
-14.7

-15. 6
-7.8
-19. 1

97, 000
81, 000
83, 000

94, 000
97. 000
93, 000

94, 000
93, 000
105, 000

4-3,2
+2.5
-2. 4

+3.2
-12.9
-21.0

790, 000
795, 000
827, 000

709, 000
757, 000
768, 000

-10.3
-4.8
-7. 1

: 2,537, 852 2, 413, 655 2,491,837
156, 875
163, 301
| 188, 579

— 1. 7

+1.8 22, 662, 743 21,222,326
+15. 5 1,489, 104 1, 651, 967

-6.4
+10.9

120, 651

-8.4

52, 129
52, 234

i
:

48,888
47. 033

46, 852
39, 195
32, 098

14. 435
88,157

* 87, 656

42. 40 1
29. 49 |

11, 557
10,939
26, 338
7, ;{ 14

:

542, 102
492, 860
487, 936
73, 717
64, 781
16. 51

1

41. 64
29. 74 j

10, 2«
i), 8 13
21, 921
7, 748

20, 083
100, 923
39. 95
29. 93

11,316
13,911
: 1 1.5 16
11,155

9 J

4

1 3. 380 ! -13.1 i
+0. 6
^ 83, 863
40. 96
29. 90

-1.8
+0.8

+3. 1
+4.2

!

+7. 9
+5.1

131,660

4-1 7
' 0 5 l|

12,034 , —11.0 ! -14.6 :',
-10.0 -25.4 |
13, 194
-1.6 -16.7
31,1?!
+:.. 3 -20.3!
9, 720

84,316 i
86,916

H(>,374 •
89,1.15

80,082 1 ""66," 44.6

+2.4
+2.5
-17."0

42
TREND OF BUSINESS MOVEMENTS—Continued
1
!

1927

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

!

i
May

June

July

40, 380
49, 034
51, 430
48, 424
52, 315

42, 522
37, 132
58, 276
22, 707
37, 983

38, 435
30, 155
66, 102
21. 699
29, 773

August

September

i

August

SepSeptember, tember.!
1927, j
Septem- 1927,
from
from
ber
SepAugust, tember,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1926

1927

410, 479
395, 215

347, 691
343, 696

-15.3
-13.0

376, 142

333, 401

-11.4

LUMBER PRODUCTS— Continued
Flooring— Continued
Oak flooring:
Production
Shipments
Stocks end of month
New orders
Unfilled orders end of month

M ft. b. m_.
M ft. b. m
M ft b m
M ft. b. m
M ft b m

40, 426
38, 932
66, 253
36. 139
27, 036

39,498
38, 084
66, 416
37.430
25, 127

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

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

-2.3
-2.2
+0.2
+3.6
-7.1

-16.3
-19.4
+24 9,
-10.4
-36.0

Wooden Furniture
Household furniture and case goods:
Shipments
dolls , average per firm
Unfilled orders
dolls., average per firtn..
Qrand Rapids district:
Unfilled orders, end of
month
No of days' production
New orders
No. of days' production..
Shipments
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 (av. per firm) _
dollars. .
Unfilled orders, end of month
(av per
firm)
dollars
Shipments—
Value (av. per
firm)
dollars . _
Quantity (total).
.pieces. -

'
45,042
43, 125

39, 115
41, 574

47, 266
67, 595

60, 508
70, 300

42
29
17

53
29
17

55
25
23

53
25
27

44
10.0
95.0

43
7.5
96.5

50
10.5
89.0

55
9.0
98.0

7,011

6,507

6,273

9,597

1,972

1,578

1,517

2,773

3,884 i

6,976
8,900

6,860
8,596

6,322
8,191

8,342
10, 879

2,251
2, 134

6 389, 838

+2.5

73, 349

-23.4

70,240
89,871

-21.5
-17.6

27, 377
24, 797

-15.9
-30.3

900

6 380, 403

-52.3

54, 218
74, 240

63, 266
78, 590

50
30 i
29 |

68
27
29

65
34
31

—5 7
+20.0
+7.4

58 i
7.5
99.0 j

55
7.0
100.0

60
7.5
100.0

+5.5
-16.7
+1.0

10, 101

15,524

+14.5

-29. 2 I

3,408

6,651

+40. 1

-41.6

9,863 1
12,469 I

9,017
11,875

12, 061
16, 600

+18.2
+14.6

-18.2 !
-24.9

2, 890
2, 616

3,415 |
3, 310 j

3, 824
3,456

4,] 21
3,893

+18.2
+26.5

-17.1
-15.0

3,059

3,162

3, 767

4,708

4,672

+19.1

-19.4

83
116

122
162

172
248

251
220

-8.2
-35.2

-55.4
-52 3

855, 308
707, 207 1, 213, 395 1, 403, 392
1, 281, 528
1,143.909
805, 059
895, 528
703, 532
916, 242
542,291
413, 443
630, 744
653, 905 1, 293, 273
1, 923, 653 1, 131, 618 1, 711, 747 2, 184, 084
1, 637, 984
3,273,312 3. 169, 910 3,821.508 j 3, 070, 079 3, 545, 455

-17.3
-12.6
+31.2
-41.2
+20.6

-49. 6 i 6, 149, 674 6, 686, 429
-21.4 1 6, 335, 615 6, 668, 026
-58.1 i 5, 784, 906 4, 609, 891
-48. 2 i
l
+7.8 |

-5.2
-16.0
-3.8
-17.7

+0.8
-4.0
+15.7
-10.1

i

Plywood and Veneer
Plywood:
New orders
thous. of sq. ft. of surface3, 426
2,577
Shipments
thous. of sq. ft. of surf ace. _
2,136
2,519
Unfilled orders, end of
month
thous. of sq. ft. of surface
3,290
3,197
Rotary-cut veneer:
Receipts
number of carloads-100
90
Purchases.
number of carloads
127
85
Barrel Headings
Circled headings for wooden barrels:
Production (rough)
._
. sets
338, 029
435, 505
Shipments (finished)
sets.. 452, 978 786. 607
New orders (finished)
sets
460, 217
938, 347
Unfilled orders, end of month... . _ sets . 1, 166, 943 1, 287, 654
Stocks on hand, end of month
sets.. 3, 460, 562 3, 264, 706
STONE, CLAY, AND GLASS PEODUCTS
Clay Products
Face brick, averages per plant:
Production
.thousands. _
819
Shipments
thousands
860
Stocks, end of month
thousands-2,507
Unfilled orders, end of month.. thousands..
1,069
Common brick:
Stocks, end of month—
Burned
thousands.. 329, 572
Unburned
thousands-- 154, 151
Shipments
thousands
237, 107
Unfilled orders, end of month. .thousands _. 274, 959
Plants closed down
number __
1
Price, red, New York
dolls, per thous. .
15.50
Paving brick:
Production, actual
thousands. . 23, 667
Shipments _
thousands
20, 628
Stocks, end of month
thousands. . 81, 606
New orders
thousands
27, 903
Unfilled orders, end of month. .thousands
61, 385
Operations, relation to capacity. .per cent_.
77
Sand lime brick:
Production
thousands
23, 225
Shipments by rail
thousands __
8,196
Shipments by trucks
thousands
13, 251
Stocks, end of month
thousands
8,740
Unfilled orders, end of month.. thousands. _ 17, 237
Vitreous china plumbing fixtures:
New orders
pieces.. 241,315
Shipments
pieces.. 246, 223
Unfilled orders, end of month
pieces
342, 717
Stocks, end of month
.pieces
607, 968
Architectural terra cotta, new orders:
Quantity
net tons.. 10, 751
Value
__
_
thous of dolls
1, 140
Portland Cement
Production
thous. of bbls.. 16, 701
Shipments
..thous. of bbls.. 16, 865
Stocks, end of month
thous. of bbls
23, 503
Wholesale price:
Chicago district
dolls, per bbl_.
1.60
Lehigh Valley..
dolls, perjbbl—
1.55
4
Revised.



10, 988

112 \
105 |

906
918
2,625
1,113

776
785
2,513
1,026

842
825
2,564
1,069

331, 748
169, 712
231, 064
254, 191
10
13.50

353, 428
170, 178
211,451
235, 323
12
11.75

427, 277
178, 357
194, 970
231, 637
10
11.75

11.75

23, 888
24, 177
78, 898
25, 448
61, 541
75

26, 488
28, 643
77, 799
22, 409
4
67, 465
82

31, 786
31, 221
77, 332
33, 614
73, 537
64

19,986
7,553
14,011
10,052
18, 344

16, 622
5, 431
10, 752
8,820
14, 364

344, 541
296, 818
390, 440
557, 745
14, 637
1,388
17, 224
19, 761
20, 972

1.60
1.55

23 1

-11.8
-6.5 !

I

-3 3

o.o !

-1.0

95, 717 i

89,455
109,003

32, 552
35, 558 I
i

1,885

6,771
6,245

+2.9
-0.3

1,465,028

+29.3

207,016
169,872

-4.0
-16.8

183, 686

-20. 5

2, 378, 853
2, 339, 762

2, 066, 556
2, 318, 272

-13.1
-0.9

-14.1 I +16.3
13 8
+7.1

123, 828
15, 369

114, 196
11, 586

-7.8
-24.6

-4.5 1
-7.4 i
-14.3 i

+5.6
+9.6
-1.6

122, 524
126, 587

128, 275
134, 981

+4.7
+6.6

0.0
0.0 1

—6.1

855
780
2,011
985

792
722
2,132
979

249,271
59, 103
135, 090
211, 141
4
1
17. 00

284, 021
67, 658
118,537
216, 289
18
16.00

0.0

30, 481
34, 803
92, 479
34, 266
77, 149
78

25, 385
31, 330
82, 220
24, 663
70, 350
66

-4.0
-1.0
-14.4
-32.9
-9.6
+6.3

+20.2
-1.3
-19.5
-8.6
5 5
+3.0

21, 300
7, 376
13, 295
12, 547
19, 800

18, 584
6,164
9,293
17, 552
13, 344

17, 435
7,690
9,870
8,770
24,200

15, 626
6,663
9,094
9,877
18, 651

12 8
-16.4
-30.1
+39.9
-32.6

+18.9
-7.5
+2.2
+77.7
-28.5

229, 832
251, 946
368, 326
554, 022

249, 169
279, 539
337, 956
520, 364

224, 724
236, 208
325, 588
518, 055

377, 703
272, 616
578, 332
500, 453

236, 289
289, 599
523, 637
471, 077

-9.8
-15.5
-3.7
-0.4 |

-4.9
-18.4
-37.8
+10.0

14, 856
1,268

15, 643
1,557

13, 440
1,342

12, 751
1,493

11, 554
1,253

18, 315
21, 411
16, 292

17, 492
19, 828
13, 956

16, 995
18, 583
15, 718

16, 571
18,087
14, 188

1.60
1. 55

1.60
1.55

1.65
1. 75

6,582 !
6,266

-26.6

30, 515
30, 909
66, 183
22, 551
66, 506
68

4

17, 408
18, 984
19, 397

1.60
1.55

4

4
4
4
4

4
4

798
693
2,466
880

6

1.65 i
1.65 i

+8.7
+5.2
-20.3

|

6

6 1,133,418

Cumulative through "Aug. .31.

-30

1
1
215,559
204,153 |
i
231, 038

1
1
|

!___

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 23 to 133 of
the August, 1927, "Survey"

May

June

July

CUMULATIVE TOTAL Per ct.
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30
(
ort>
deSepcrease
Sep- tember,
(-)
tember,
1927,
cumuSeptem1927,
from
1927
1926
lative
ber
from
1927
SepAugust, tember,
from
1927
1926
1926
PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

August

September •

August

STONE, CLAY, AND GLASS PRODUCTS— Continued
i

Highways
Concrete pavements, new contracts:
Total
thous. of sq. yds..
Roads
_thous. of sq. yds._
Federal-aid highways:
Completed—
Cost
thous. of dolls
Distance
miles
Under construction, end of month _ _ miles. .

14, 234
8,235

16, 075
8,424

12,615
7,299

13, 528
7,445

11, 581
6,872

13, 249
6,594

8,378
3,736

-14.4
-7.7

+38.2
+83.9

87, 383
50, 161

101, 442
58, 666

+16.1
+17.0

9,101
414
10,000

17, 850
845
10,104

17, 150
637
10, 135

15, 301
750
10, 005

23, 354
927
9,921

19, 275
890
11, 147

15, 222
668
11, 309

+52.6
+23.6
-0.8

+53.4
+38.8
-12.3

136,500
6,275
98, 542

112, 545
5,272
89, 056

-17.5
-16.0
-9.6

9,618

7,999

8,868

10, 616

11, 274

11, 431

6 89, 192

6 77, 315

-13.3

2,197
73.8
1,800
2,383
10, 135
6,149

2,277
76.5
2,016
2, 350
9,682
M65

2,050
71.7
1,743
2,227
9,148
6,216

2,142
69.3
1,850
2,120
8,765
0, 217

1,999
69.6
2,340
2,325
8,606
5, 925

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

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

-6. 7
+0. 4
+26.5
+9.7
— 1.8
-4.7

18, 048

19, 078

+5.7

18, 353
18, 579

19, 706
19, 789

+7.4
+6.5

2,797
37.0
45.0
39.3

2,689
36.0
38.0
37.3

2,169
33.6
36.3
35.3

2,410
32.0
38.3
31.4

3, 570
40.7
43.4
45.7

2,050
29.8
42.8
36.9

3,193
43.7
47.0
46.3

+48. 1
+27 2 i
+13.3
+45.5

1.2
3.6

1.3
3. 6

1.2
4.0

1.3
3.5

1.5
3.6

1.9
3.5

1.4
3.4

+15.4
+2.9

+7.1
+5.9

746
.75

801
.75

517
.75

454
.75

598
.75

384
.74

-13.9
0.0

+18.2 !
+1.4

64,753

55, 325

37, 096

-9.9

28, 822

142, 589
47
27, 522

120,890
43
23, 355

Plate Glass
Production polished

thous of so ft

Glass Containers
Actual production:
Quantity _

__thous. of gross. .

New orders
thous. of gross. .
Shipments
thous of gross
Unfilled orders, end of month.. .thous. of gross..
Stooks end of month
thous of gross

1

-0. 5
-3. 6
1 +4.6
+11.4
+12.2
+17.2

j

Illuminating; Glassware
Production:
Total

.

number of turns. .

New orders
per ct of capacity
Shipments
per ct of capacity
Unfilled orders, end
of month
number of weeks' supply

+11. 8
— fi Q
-7.7
-1.3

20, 094

25, 256

-3.2
I

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
Exports
thous. of Ibs
730
.75
Price wholesale, 66°, N. Y. dolls per 100 lbs__
Nitrate of soda:
Imports
long tons
43, 578
Production in Chile—
105, 900
Quantity
metric tons
Units reporting
number of plants..
32
Potash, imports
long tons
8,292
Acid phosphate:
Production
short tons
240, 939

39, 683

54, 867

71, 904

115,900
32
6,502

127, 060
36
36, 857

142, 800
38
43, 572

7, 735

6,078

-19.3

742, 375

547, 234

-26.3

6 1,568, 117

+74.6

e 834, 592

-46.8

211, 553

207, 847

+4.1
243, 599
267,516 4 243, 697
199, 369 * 240, 863 ^256,980
-7.4
1, 013, 638 1, 092, 227 11,347,554 41,468,286 1, 360, 031 41,589,735 1, 541, 106
181,918 +146. 3
195, 547
76, 729
63, 388 4 56, 265 4 79, 347
short tons.. 107, 738

+9.8
-11.7
+7.5

2, 523, 967

2, 215, 634

946, 580

985, 911

+4.2

+12.6

+16.0

878, 258

1, 000, 580

+13.9

4, 943, 913

4, 327, 467

-12.5

2,049
18, 816

2,613
20,783

+27.5
+10. 5

Shipments... Fertilizer:
Exports
longtons.. 119, 927
Consumption in Southern
States
-. _ .short tons. . 146, 454
Dyes and dyestuffs, exports:
451
Vegetable
thous of Ibs
Coal-tar
1
thous. of Ibs. . 1,928
Price index numbers:

111,512

138, 023

100, 659

113, 322

113, 785

52, 241

35, 535

109, 954

250, 971

483,117

363
968

165
1,526

237
2,254

229
4,469

558
2,449

136
1,883

205
121
156
113
130

200
122
156
113
130

196
122
156
112
127

192
121
156
4 127

229
121
156
113
134

206
163
155
113
157

209
155
155
114
154

thous of Ibs
thous. of Ibs

12, 552
756

12, 070
424

11, 745
353

13, 325
4 172

12,958
427

thous. of Ibs
thous of Ibs

11,972
531

14, 276
666

12, 152
801

13, 469
^513

thous of Ibs
thous. of Ibs

23, 068
3,398
1,582
3.50

20, 924
3,334
562
3.50

20,545
2, 655
1,355
3.50

626, 789
14, 388
339, 632
38, 258

Drugs and pharmaceuticals_index number. _
O'l

(\ f t

~'r\c\

rmrnh r "

97, 701

-33.9

* 219, 135 +128.3

+23.4 !

+14.5

-3.4 +68.4
+98.2 +137.3

-12.2

+19.3
0.0
0.0
+0.9
+5.5

+9.6
-21.9
+0.6
-0.9
-13.0

12, 180
None.

-2.8
11, 770
610 +148.3

+10.1
-30.0

115, 507
5,779

116,860
6,318

+1.2
+9.3

13, 076
830

14, 524
730

11, 285
594

-2.9
+61.8

+15.9
+39.7

110,429
5,348

112,757
5,234

+2.1
-2.1

20, 120
4 2, 222
283
3.50

19, 960
1,823
None.
3.50

19, 951
1,119
2,902
3.25

-0.8 -14.1
23, 241
1,147 -18.0 +58.9
1,392 -100.0 -100.0
+7.7
0.0
3.25

14, 986

8,465

-43.5

592, 593
17, 283

582, 710
4 12, 058

576, 947
17,777

589, 828
None.

610, 393
25,974

-1.0
+47.4

-5.5
-31.6

5, 929, 168
242,429

5,896,803
269,459

-0.5
+11.1

303, 998
29, 849

360, 329
4 27, 057

315,313
31, 824

622, 456
53, 124

486, 199
51,326

-12.5
+17.6

-25.1
-38.0

991, 672 1, 094, 775 1, 408, 637 1,467,460
1,590
39, 025
21, 227 4 28, 610
20, 526
18, 796
2,201
9,622
.55
.66
.66
.58

351,409
33, 651
43, 350
.70

164, 363
31, 853
38, 779
.76

+4.2 +792.8
-94.4
-95.0
+9.2 -47.1
-5.2 -27.6

353, 715

163, 084

-53.9

4 112

Wood Chemicals
Acetate of lime:
ProductionUnited States
Canada
ShipmentsUnited States
Canada
Stocks, end of monthCanada
Exports

Methanol, crude:
Production —
United States. _.
gallons.. 638, 376
Canada
gallons. _ 30, 088
Stocks at crude plants, end of monthUnited States
gallons.- 345, 366
Canada
gallons
29, 910
Stocks at refineries and in transitCanada
Exports

Prine. wholesale. N. Y




gallons
gallons

dolls, ner sal

896, 334
33, 078
22, 863
.83

4 Revised.

3

Cumulative through Aug. 31.

44
TREND OF BUSINESS MOVEMENTS—Continued
CUMULATIVE TOTAL Perct.
FROM JANUARY 1
!
inTHROUGH SEPTEMBER 1 crease
30
( }
! or t
deSepcrease
Sep- tember,
(-)
tember 1927,
j cumu1927,
from
August ! Septem1926
1927
lative
ber
from
Sep1927
August, tember,
from
1927
1926
j 1926

1927

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

July

64, 309
3,298

64, 861
1,945

584, 690
61, 649

595, 554
60, 392

August

September

82, 581
1,154

79, 670
2,401

63, 724
2,038

. cords. _ 551, 536
cords _ . 27, 041

PER CENT INCREASE (+) OR
DECREASE (-)

1926

CHEMICALS AND OILS— ('Continued
Wood Chemicals— Continued
Methanol, crude — Continued.
WoodConsumption —
United States
Canada
Stocks, end of monthUnited States
Canada
Daily capacity—
Total
Reporting
Shutdown
Methanol, refined:
Production —
United States
Canada
Stocks, end of month —
United States
Canada
Shipments—
United States
Canada

cords
_ .cords ..

4

66, 007 :
None ;

614,611
603, 829
68, 693 | 66,624

-3.5 ; +21.1
65, 807
3, 132 +108.1 -23.3

650, 000 ,

+25.1
+89.6

3, 577
3,475
537

0.0
0.0
-8.0

-5.1
-2.3
-27.2

cords..
cords..
cords

3, 535
3,535
537

3, 535
3, 535
706

3,535
3, 535
655

gallons
gallons..

426, 304
10, 550

416,042
None.

347, 833
22, 800

317,521 ! 441,771
« None
28, 293

608, 346
None

700,211
26, 700

+39.1

-36.9
+6.0

gallons..
gallons..

554, 313
73, 726

521, 609
53, 350

554, 809
59, 120

428, 194 1
< 50, 687

382,876
58, 312

516, 943
463, 488
42, 994 | 44, 303

-10.5
+15.0

-17.4
+31.6

gallons __
gallons..

469,513
20, 432

575,811
10, 485

411,229
17, 827

389, 033
4
8, 440 i

506, 914
23,982

Production
thous. of gals._
Withdrawn for deiiaturization ... thous. of gals...
Warehouse stocks, end of month .thous. of gals..

13,052
11,584
9, 335

13,831
13, 761
7, 496

15, 170
14, 651
9, 700

15. 587
12, 212
11,122

34, 168
35, 355
33, 961
16, 784

34, 120
33, 783
32. 354
16, 989

30. 954
31, 136
30, 335
16, 794

36, 304
35. 736 |
34'. 680
17, 344

48, 025
47, 264

57, 730
52, 340

50. 466
58, 390

47, 809
58, 915

.56

.59

184,971
165.. 991

169, 439
179, 734

158,514
198, 883

+2. 4

!

+1.8
-3.0

500, 675
491, 307
38, 263 1 35, 131

4

634,915

3,395 i
3, 395 i
425 1

3, 395
3,395
391

3, 602
3, 500 j
580

j:

5, 629, 123

+30.3
+184. 1

3, 725, 198 : -33.8

|
j

Ethyl Alcohol
:

20, 776
17, 338
10, 863

36, 858
36, 964
35, 304
17, 152

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

40, 741
41, 098
38, 348
16, 488

+1.5
+3.4
+1.8
— 1.1

-9.5
-10.0
-7.9
+4.0

45,775
73,019

40, 632
58, 929

34, 918
57, 601

-4.3
+23 9

+31. 1
+26 8

16,977
14, 390
8,914

i

c

120, 085
6 106, 985

6

105, 364
« 94, 109

-12.3
-12.0

319, 774
319, 592
306, 197

305, 785
305, 300
294, 284

-4.4
-4.5
-3.9

216, 103

303, 450

+40. 4

752, 343

1,014,066

+34. H

Expiosives
(Black powder, permissible, and other high
explosives)
Production
thous. of lbs_ .
Shipmen ts
thous . of Ibs _ _
New orders
thous. of Ibs..
Stocks, end of month
thous. of Ibs..
Naval Stores
Turpentine (gum) ;
Net receipts, southern ports
barrels . .
Stocks, end of month, at 3 ports, ..barrels..
Price, southern, in barrels,
New York
dol Is . per gal . .
Rosin (guru):
Net receipts, southern ports
...barrels.
Stocks, end of month, at 3 ports. ..barrels ..
Price, common to good (B),
New York
. . .dolls, per bbl . .
liosin (wood):
Production
barrel? i
S tocks, end of month
barrels _
Turpentine (wood) :
Production
barrels !
Stocks, end of month
barrels. .
Pine oil:
Production
gallons !
Stocks, end of month
gallons..
Roofing
Roofing felt:
Production, dry felt _ . ...
. _ tons..
Stocks, end of month, dry felt .. . tons .
Prepared roofing:
Shipments.. .
.thous. of roof squares..
Fats and Oils
Total vegetable oils and copra:
I
Exports
thous. of Ibs.-j
Imports
thous. of Ibs j
Copra, imports
short tons..!
Copra or coconut oil:
Imports
thous. of Ibs
Consumption in oleomnri
garine
thous. of Ibs
Oleomargarine:
Production
thous of Ibs '
Consumption ... _ . ... _ .thous. of Ibs .'
Animal glues:
Shipments
.
. . -thous. of Ibs i
Production (quarterly)
thous. of Ibs. . j
Stocks, end of quarter
thous. oflbs.J
Edible gelatin:
|
Production (quarterly)
thous. of Ibs
Stocks, end of quarter.. ._ _trious. o f l b s . J

.63

150, 397
153, 445

92

—6 8

— 40 2

118, 868
,148, 177

-4.7
+15. 4

+27. 1
+54. 8

—5 1

—30 1

9.67

9. 93

9. 74

10.62

10,08 j

14.61

14.43

06, 508
64, 763

35, 197
72, 454

36, 038
72, 486

35, 521
71, 982

34,839 !
76, 327

32, 800
17, 424

31, 766
13, 555

+9.7
-1.9
+6.0 +463. 1

226, 163

315,839

+39. 7

6,974
8, 746

6, 541
9, 896

6, 414
6, 652

6,347
8,256

6,562
10,232 !

5, 483
2, 765

5, 604
3, 837

+3.4 +17.1
+23.9 +166.7

43, 497

60, 766

+ 39.7

;

222, 002
278, 487

+6.8
+ 122.4

1, 619, 150

2, 116,895

+30. 7

196,363

+7.9

243, 880
392, 864

222, 151
428, 796

231, 350
458, 923

242, 050
524, 246

27, 019
2, 806

26, 517
3,181

23, 605
3, 272

27, 441
3,166

23, 547
3,636

26,938
3, 236

181, 918

3,020

3,003

2,637

2, 992

2,768

3,450

20, 539

8,519
74, 369
20, 418

5,892
G2, 498
14, 162

3,775
66, 828
15, 215

1,767
50, 092
19,311

26,538 !

21, 273

16, 997

8,754

8. 144

7, 248

20.917 !
20, 799

20, 645
21, 171

5,797
5 24, 180
36, 124

5, 840 j

8

5 />. nrifi
i

5 y. 277

244,445
555, 818

228.833 I +1.0
249,974 +6.0

50, 441 +74. 9
520, 379 ! +3.1
156,855 ! -6.2

+39. 0

164,798

207, 707

+26.0

84,386

+23.6

801 i +18.1
55, 095 +13. 8
21, 288 +12.3

21, 469

22, 410

20, 950

16, 127

8,840

10,436

6, 190

8, 127

+18.1

+28.4

17, 214
16, 727

20, 672
19, 387

23,495
23,981

15. 635
17, 294

20, 232
20, 172

+13.7
+23.7

+16.1
+ 18.9

5, 902

6, 076

6,222

6, 447
5 20, 364
5
36, 675

-4.5
-8.5

+13. 4
-9.8

5 2, 401
5
7, 191

-50. 6
-21.3

+•1.0
+ 1.5

5 23, 100
5 33; 063

5 2,497 [i
5
7, 297

+ 1.4

28, 834
504, 714
167, 178

541
55, 971
18, 337

+4.4

20,822 |

160.4
+1.6
+1.9

2, 086
55, 985
21, 694

Cot to 11 seed
Cottonseed:
Receipts at mills
short tons
61,392
55,502 | 53,345
290,422 1,007,261 :
Consumption (crush)
short tons..! 198,354 i 127,516 I 65,841
161,423 ' 581,090 i
Stocks at mills, end of month.. short tons. J 173,434 \ 101,391 i 88,895
217,894 ; 644,954 i
5

« Revised.
Quarter ending in month indicat ed.



95

138, 124
131, 636

55 i

151, 045
229, 426

68,284 !
173, 465
172,614

197,089 i +13.6
194,781 +12.8

6 53, 284
72,262 ;

649,791 \
75,320 !

-6.6
+4.2

10,932

12,896 | +18.0

138, 164 : 4 976, 295 +246.8 i +3. 2 2,260,752
74,731 i * 476, 142 +260.0 ! +22.0 3,083,495
86, 682 4 586, 835 i +196. 0
+9 9 •

3,013,826 i +33. 3
3,654,536 j +18.5

i

6

Cum ulative t h rough

Aug. 31.

45
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
September, except where otherwise \
noted. Earlier data for items shown
here may be found on pages 23 to 133 of \
the August, 1927, "Survey"
I

!

May

August

September

August

22, 063
16, 195

46, 212
26, 322

178, 018
87, 474

20, 689
9,936

32, 152
378, 230

32, 210
274, 711

100, 849
225, 782

SepSeptember, tember,
1927,
Septem1927,
from
from
ber
SepAugust, tember,
1927
1926

18, 259
89, 785

June

July

37, 864
32, 014
71, 241
461,059

PER CENT INCREASE (+) OR
DECREASE (— )

1936

CUMULATIVE TOTAL Per ct.
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30
or decrease
( )
cumu1926
1927
lative
1927
from
1926
.

CHEMICALS AND OILS— Continued
Cottonseed— Continued

'

Cottonseed oil, crude:
63, 655
Production
thous. of Ibs
Stocks, end of month
thous. of lbs__; 73, 031
Cottonseed oil, refined:
90, 949
Production
thous. of Ibs
Stocks, end of month
thous. of lbs_.| 507, 644
Price, yellow, prime,
!
.09
New York
...dolls, per lb_.
Consumption in oleomar1,974
garine
thous. of lbs._
Cottonseed cake and meal:
85,072
Production
short tons
149, 467
Stocks enc* of month
short tons
Exports
short tons.. 21,527

4

4

139, 628 +285. 2
58, 262 +232. 3

+27.5
+50.1

906, 788

1,099,402

4
4

75, 053 i +213. 7 +34.4
63, 723 -17.8 +254. 3

796, 704

1,016,716 1 +27. 6

+21.2

-8.3

+10.0

.09

.10

.10

.11

.13

.12

1,909

1,559

1,745

2,113

1,405

1,775

60, 648
102, 595
18, 105

37, 019
64, 937
23, 169

72, 659
45, 116
15, 122

258, 685
109; 591
26, 306

35,113
89, 711
27, 124

491
338
1,381
2, 376

488
214
1,444
2,925

429
606
908
1,381

717
496
589
1,123

6, 425
1, 102
1,583
1,716

1,029
370
579
1,264

10, 951
.115

12,502
.112

9,379
.106

10, 859
.107

.104

11,904
. 119

14, 153
. 112

—2 8

7,801
41,403

6, 600
51,036

7,281
52, 596

10, 145
58, 947

52, 984

12, 632
37, 477

21, 799
48, 257

-10. 1

"+9.Y

e 102, 273
444, 050

« 94, 907
502, 153

30, 002
64, 600
19, 258
17, 556

23, 544
49, 247
20, 665
16, 675

36, 104
44, 237
58, 800
25, 489

67, 273
28, 264
81,632
46, 583

84, 630
22, 958
79, 740
50, 374

66, 739
19, 437
71, 583
34, 458

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

+25.8 +3.5
-18.8 -48.7
-2.3 +63.6
+8.1 +104. 6

300, 935
167, 436

336, 667
210, 647

+11. 9
+25.8

8,960
13, 903

7,459
11, 342

8,397
11, 942

23, 402
28, 137

33, 748
39, 509

28, 995
35, 485

23,700
30, 719

+44. 2 +42.4
+40.4 -28.6

96, 637
132, 605

111,262
151,097

+15.1
+13.9

28, 698
32, 316

15, 863
19, 673

6,620
8,641

12, 197
14, 510

14, 071
17, 118

9, 541
11, 608

10, 575
13, 330

+15. 4 +33.1
+18.0 +28.4

130, 718
163, 791

138,019
166, 176

+5.6
+1.5

1.48
1.44

1.51
1.45

1.48
1.43

1.41
1.40

1.31
1.32

1.42
1.37

1.39
1.36

-7.1
-5.7

38, 597
4, 662

444,099
5,276

47, 764

47, 654
4,964

49, 317
7,323

+8.3

363, 484
46, 954

+0. 7
-7.4

+8.1

4
4

+21.1 +19.0

17, 191

17,979

+4.0

+20.7
-14.0
+21.0

1, 440, 606

1,650,909

+14.6

2,189 +796. 1 +193. 5
907 +122. 2 +21. 5
846 +168. 8 +87. 1
1, 556 +52. 8 +10.3

0, 903
3, 298

10, 800
4, 442

+34! 7

15, 840

15,542

— 1. 9

83, 104

-7.0

214, 330 +256. 0
127, 409 ! +142. 9
21, 749 +74.0

207, 029

279,599 | +35. 1

Flaxseed
Minneapolis and Duluth:
Receipts.
thous. of bushs..
Ship men ts
thous . of bush s _ _
Stocks, end of month
thous. of bushs. _
Imports
_thous. of bushs__
Linseed oil:
Shipments from Minneapolis. thous. of Ibs..
Price, New York
dolls, per lb..
Linseed cake and meal:
Shipments from Minneapolis.thous. of lbs._
Exports
thous. of lbs-_

o 89, 386

G

—7 1

FOODSTUFFS
Wheat
Visible supply, end of month:
United States
thous. of bushs .
Canada
thous. of bushs..
Receipts, principal markets. ..thous. of bushs..
Shipments, principal markets .thous. of bushs..
Exports:
United StatesWheat only
thous. of bushs..
Including wheat flour. thous. of bushs..
CanadaWheat only
thous. of bushs..
Including wheat flour.thous. of bushs..
Prices:
No 1, northern, Chicago... dolls, per bush..
No. 2, red winter, Chicago .dolls, per bush..

-5.8
-2.9

Wheat Flour
Grindings of wheat:
United States (census)
thous. of bushs.. 38, 924
6,658
Canada __
thous. of bushs ..
Production:
United States, actual
8,497
(census)
thous. of bbls .
United States, prorated
9,532
(Russell)
... thous. of bbls..
Canada
thous. of bbls..
1, 455
Production, grain offal
thous. of lbs._ 672, 824
52
Capacity operated, flour mills
per cent..
Consumption,
8,733
(computed)....
thous. of bbls..
Stocks, all positions, end of
6,300
month (computed)
...thous. of bbls..
Exports:
1,099
United States
thous. of bbls..
804
Canada
thous. of bbls_.
Wholesale prices:
Standard patents,
7.83
Minneapolis
dolls, per bbl..
Winter straights,
6.96
Kansas City
dolls, per bbL.

39,085
6,000

4

4

10, 392

10, 447

10, 843

826, 736
64

12, 338
1,044
820, 795
62

12, 681
1,634
844, 774
67

8,906

10, 257
8,300

1, 442
459

1,560
612

7.60

7.07

6.77

6.64

734
31, 900
15, 125
12, 090
6,733

475
23, 805
16, 758
11, 762
7,304

571
25, 110
22, 116
12, 100
7,561

1, 158
22,455
11, 482
8,288
6,735

1.02

1.09

0.99

0.81

6

78, 270

79, 303

+ 1.3

6 69, 677
6 11,296
6,400,564

e 77, 242
10, 282
6, 265, 567

-3.1
-9.0
-2.1

6 69, 071

-3. 9

7, 993
7, 347

8,848
6, 257

+10.7
-16.2

19, 485

12, 389

-36.4

164, 398
89, 567
58, 014

174, 905
100, 951
60, 222

+6.4
+12.7
+3.8

8,500

1,280
677

361,013
6 50, 693

6 71, 852

-4.2

10, 921

7,300

-3.1
j

9, 617

8,500

8,388

9,261
1,314
675,003
49

9,256
1, 019
668, 232
51

10, 458
1,158
4761,468
54

8,450

7,918

6,250

6,800

863
847

788
449

1,052
514

7.91

7.81

7.06

6.92

1,124
36, 239
26. 241
13, 282
7,339

1.00

I
i

+8.6
-2.1
+18.5 i -4.5

+21.7
+31.7

-17.9
+10.6

7.95

7.73 | -7.0

-8.5

6.74

6.68

-1.9

6

-0.6

Corn
1,717
Exports including meal
thous of bushs
Visible supply, end month
thous. of bushs.. 31, 528
Receipts, principal markets .. .thous. of bushs.. 12, 599
Shipments, prin. markets
thous. of bushs.. 10, 142
Grindings (starch, glucose) thous. of bushs. . 6,528
Prices, contract grades, No. 2,
0.87
Chicago.
dolls, per bush. .
* Revised.




1

6

1,052 ! +20.2
18, 999 i +5.5
13, 524 +32.0
7,267
+2.9
+3.5
6,311

0.80 i

-45.7
+32.2
+63.5 !
+66.5 i
+19.8

-9.2 +23.8

Ciimulative through Aiig. 31.

46

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Septem-

SepSeptember, tember,
1927,
Septem1927,
from
from
ber
SepAugust, tember,
1927
1926

May

June

July

11, 888
22, 350
3,459

9,701
18, 110
1, 737

8,125
12, 270
111

21,413
22, 501
1,795

17, 223
26, 430
1,038

23, 078
42, 529
1,028

16, 783
50, 194
1,762

-19.6
+17.5
-42.2

+2.6
-47.3
-41.1

0.51
694

0.50
659

0.48
805

0.48
791

0.49

0.40
841

0.43
1,099

+2.1

8,513

9, 749

9,785

11,309

14, 893

2,167
947
1,337

2,579
1,143
1,186

1,871
891
2,360

11, 108
3,532
4,065

15, 547
4,900
6,637

5,150
3,581
1,523

6,953
5,008
2,663

0.90

0.92

0.79

0.80

0.83

0.65

0.67

3,272
2,213
5,861
1.13

1,358
947
3,601
1.15

1,444
1,376
339
1.10

4,293
3,083
1,325
0.97

10, 512
2,207
7,743
0.97

2,007
9,325
318
1.01

26, 277

18, 990

16, 152

35, 796

55, 498

39, 512

bbls_. 396, 006

429, 614

Per ct.
increase

(

-y

or decrease
(-)
cumulative
1927
from
1926

+14.0

8,148

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

August

August

1926

1927

126, 340

112, 179

-12.0

16, 115

11,231

-30.3

FOODSTUFFS—C ontinued
Oats
Receipts, principal markets.--thous. of bushs.
Visible supply, end of month, .thous. of bushsExports, 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.

66,440

65,799

-10.0

885,280

668,060

-20.2

30, 839

42, 746

+38.6

10, 184

21, 120

107.4

3, 900 +144. 8 +169. 5
11, 052 -28.4 -80.0
2,130 +484. 4 +263. 5
0.97
0.0
0.0

14, 210

27, 250

+91.8

11, 123

25, 550 +129. 3

38, 326

189, 512

Other Grains

Barley:
Receipts, principal
markets
thous. of bush__
Visible supply, end mo
thous. of bush__
Exports
___thous. of bush..
Price fair to good, malting,
Chicago
dolls, per bush-Rye:
Receipts, principal
markets
thous. of bush_.
Visible supply, end mo
thous. of bush..
Exports, including flour thous. of bush_.
Price, No. 2, Chicago
dolls, per bush..

+40.0 +123. 6
+38.7
-2.2
+63.3 +149.2

+3.8

+23.9

Total Grains
Total grain exports, incl. flour..thous. of bush..

+55. 0

+44.8

+47.3

+1.7

3,608,887

5, 391, 784

+49.4

+100. 7 +18.5
+75.7 +45.8
+28.0 +29.9
+21.9 +108. 5
+39.5 —36. 7

4, 621, 348
1, 148, 795

6, 264, 632
1, 394, 592

+35.6
+21.4

436, 419
1, 075, 569

2, 566, 022 +488. 0
422, 652 -60.7

221, 386

+16.8

Rice
Southern paddy, receipts at mills
Shipments:
Total from mills
..pockets
New Orelans
pockets
Stocks, end of month
pockets
Exports
pockets
Imports.
pockets

(100 lbs.)_. 700,427 643, 295
(lOOlbs.).. 119, 681 119, 932
(lOOlbs.).- 1, 400, 980 1, 181, 230
(1001bs.)__ 256, 601 215.411
16, 095
(100 lbs.)_. 46, 034

Other Crops
Apples:
Cold-storage holdings,
end of month
thous. of bbls__
Car-lot shipments
carloads_ _
Potatoes, car-lot shipments
carloads..
Onions, car-lot shipments
_carloads_Citrus fruits, car-lot shipments
. .carloads..
Hay, receipts
tons..

535
2,465
16, 407
2,455
10, 643
50, 563

Cattle and Calves
Cattle movements, primary markets:
Receipts
thousands..
1,956
Shipments, total
thousands. 732
Shipments, stocker and feeder. _ thousands..
235
Local slaughter
thousands..
1,201
Beef products:
Inspected slaughter product--thous. of Ibs.. 449, 382
Apparent consumption
.thous. of lbs_. 463, 240
Exports
thous. of lbs_.
1,418
Cold-storage holdings,
end of month.
.._
thous. of Ibs.. 50, 413
Prices, Chicago:
Cattle, corn-fed
dolls, per lOOlbs.. 11.44
Beef, fresh native steers
-dolls, per lb._
.170
Beef, steer rounds, No. 2
dolls, per lb._
.184
Hogs and Pork
Hog movements, primary markets:
Receipts
thousands-3,613
Shipments, total
thousands-.
1,216
Shipments, stocker and feeder, thousands..
72
Local slaughter
thousands.,
2,380
Pork products, total:
Inspected slaughter product.-thous. of lbs._ 681, 902
Apparent consumption
thous. of lbs_. 560, 558
Exports
.._
thous. oflbs.. 91, 878
Cold-storage holdings, total,
end of month
thous. of lbs_. 899, 826
Fresh and cured in storage,
end of month
_
..thous. of Ibs.. 787, 850
Lard (included in pork products):
Production
..thous. of lbs_- 131, 685
Exports
_
..thous. of lbs_- 64, 418
Cold-storage holdings,
end of month
thous. of Ibs... 111,976
Prices:
Hogs, heavy, Chicago dolls, per 100 lbs._
9.45
.259
Hams, smoked, Chicago
dolls, per lb_.
1.29
Lard, prime contract, N. Y...dolls, per lb_.
4 Revised.




None.
1,202
21, 785
830
7,559
53, 435

792, 345 1, 167, 2S1

259, 953 1, 147, 507

849, 908
345, 794
423, 559
96, 074
109,951
193, 155
987, 310 1, 235, 674 1, 581, 097
134, 032
74, 519
109, 992
27, 217
26, 248
19, 503

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

147, 176

None.
1,731
20, 709
1,864
5,781
48,005

4
33
3,352
17, 418
2,313
4,492
51, 652

937
11, 039
23, 674
4,473
3,853
64, 440

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

1,547
562
138
971

* 2, 065
802
269
4 1, 231

1,988
906
407
1,085

1,997
776
252
1,171

417, 119
465, 597
426, 434 4 470, 490
1,899
1,920

453, 993
456, 083
1,609

1,204
19, 272 +229. 3
21, 846 +35.9
3,640 +93.4
3,614 -14.2
58, 240 +24.8

—22 2
-42.7
+8.4
+22.9
+6.6
+10.6

52, 526
160, 058
21,615
70, 182
588, 545

44, 405
175, 217
21, 456
80, 765
519, 808

-15.5
+9.5
-0.7
+15.1
-11.7

2,397
1,100
521
1,290

-3.7
+13.0
+51. 3
-11.9

-17.1
-17.6
-21.9
-15.9

16, 892
6,243
2,146
10, 531

16, 092
6, 029
2,003
9,948

-4.7
-3.4
-6.7
-5.5

461, 661
465, 916
2,168

540, 945
536, 285
2,805

-2.5
-3.1
-15.3

-16.1
-15.0
-42.6

4, 203, 502
4, 238, 319
18, 906

3, 938, 760
4, 012, 414
16, 005

-6.3
-5.3
-15.3

*

1,732
624
170
1, 112

449, 020
456, 534
1,374
43, 756

35, 722

4 33, 446

35, 054

41, 697

46, 250

+4.8

—24.2

11.83
.170
.185

12.30
.182
.193

12.58
.185
.203

13.31
.191
.199

8.98
.160
.170

10.19
.163
.170

+5.8
+3.2
-2.0

+30.6
+17.2
+17.1

3,775
1,259
61
2,522

3,046
< 1,110
38
1,939

3,041
1,192
38
1,846

2,565
1,051
48
1,512

2,804
1,084
51
1,710

2,819
1,142
84
1,673

-15.6
-11.8
+26.3
-18.1

-9.0
-8.0
-42.9
-9.6

29, 047
11, 045
557
17, 986

30, 496
11,139
636
19, 335

+5.0
+0.9
+14.2
+7.5

580, 606
652, 896
548, 008 4 595, 108
72, 958
76, 277

458, 919
577, 043
89, 829

563, 719
498, 382
87, 877

475, 867
537, 320
93, 835

-21.0
-3.0
+23.1

-3.6
+7.4
-4.3

5, 500, 975
4, 521, 946
878, 614

5, 843, 002
4, 893, 314
756, 379

+6.2
+8.2
-13.9

1, 140, 268
545, 810

1, 149, 197
518, 457

+0.8
-5.0

778, 271
589, 134
97, 803

991, 593 1, 020, 407 * 933, 436

726, 247

774, 319

619, 909

-22.2

+17.2

844, 275

841, 271 4 766, 418

608, 367

623, 086

514, 351

-20.6

+18.3

151, 008
66, 404

131, 637 4 116, 183
46, 972
50, 816

94, 345
59, 736

114, 803
54, 273

97, 466
61, 577

-18.8
+17.6

-3.2
-3.0

147, 318

179, 136 4 167, 018

117, 880

151, 233

105, 558

-29.4

+11.7

9.19
.235
.128

10.85
.224
.133

11.85
.329
.156

12.38
.320
.150

+18.1
-4.7
+3.9

-12.4
-30.0
-11.3

8.69
.246
.131

8.98
.243
.132

«Cumulative through Aug. 31.

47
TREND OF BUSINESS MOVEMENT—Continued
1927

The cumula fives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August , 1927, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE ( — )

1926

August

September

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

SepSeptember, tember,
1927,
Septem1927,
from
ber
from
SepAugust, tember,
1927
1926

1927

1926

Per ct .
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

FOODSTUFFS-Continued
Sheep and Lambs
Sheep movement, primary markets:
Receipts
thousands
Shipments, total
thousands
Shipments, stocker and feeder-thousands- .
Local slaughter. .. -.
thousands
Lamb and mutton:
Inspected slaughter product .thous. of lbs_Apparent consumption
thous. of lbs_ Cold-storage holdings,
end of month.
thous. of lbs._
Prices:
Sheep, ewes, Chicago. ..dolls, per 100 Ibs..
Sheep, lambs, Chicago., dolls, per 100 Ibs..

+28.9 -13.1
+64.5 -18.4
+144. 1 -13.4
-3.2 -4.0

17, 156
8,584
2,757
8,521

16, 842
8,358
2,668
8,465

-1.8
-2.6
-3.2
-0.7

-0.5
-1.1

371, 907
372, 014

368, 504
371,655

-0.9
-0.1

-12.2 -9.8 10, 076, 384 10, 150, 267
-18.9 +13.6
-3.7 9, 132, 279 9, 277, 381
-2.9

+1.6

2,013
1,064
259
951

1,816
849
257
963

1,676
760
216
920

2,209
1,054
388
1,137

2,848
1,734
947
1,101

2,277
1, 176
567
1, 058

3,279
2,124
1,093
1,147

37, 731
38, 452

39, 123
38, 872

37, 647
37, 706

44, 865
< 44, 908

45, 378
45, 104

40, 260
40, 134

45, 607
45, 593

+1.1
+0.4

1,210

1,360

1,161

* 1, 302

1,992

1,929

2,234

+53.0

5.90
14.85

5.16
13.25

5.31
14.22

5.58
13.58

5.19
13.56

5.87
13.95

5.77
13.78

60,978

63, 768

66, 457

* 65, 873

57,996

58, 557

56, 135

-10.8

-7.0 -10.1
-0.1 -1.6

Miscellaneous Meats
Cold-storage holdings, end mo__ .thous. of lbs._

-12.0

+3.3

Total Meats
Production, inspected slaughter.. thous. of lbs__ 1, 169, 015 1, 266, 415 1, 107, 662 1, 091, 069 958,290 1, 065, 640 1,062,419
Cold-storage holdings, end mo__. thous. of lbs_. 900, 451 953, 159 944, 611 4 867, 039 703,409
725, 269
618, 970
Apparent consumption. _
_ .thous. of lbs._ 1, 062, 250 1, 084, 540 1, 012, 147 1,110,507 1,078,230 1, 004, 432 1, 119, 198

+.7

Poultry
Receipts at five markets
Cold-storage holdings,
end of month.

thous of Ibs

20, 157

21, 479

61, 525

50, 064

42, 293

Total catch, prin. fishing ports... thous. of Ibs. _
Cold-storage holdings, 15th of mo.thous. of lbs_.
Canned salmon:
Shipments, United States..
cases..
Exports, Canada. _
cases. _

25, 171
29, 982

27, 072
36, 696

27, 322
42, 118

22, 691
4

24,391

23,164

24, 579

+7.5

-.8

39, 711

18, 282

thous. of Ibs..

43, 158

38,634

44, 771

+8.7

-3.6

26, 633
60, 270

32, 043
57, 627

24, 414
64, 657

-20.0
+11.5

+9.1
-6.8

184, 123

183, 386

-.4

206, 860

226, 137

+9.3

3,502,615
708, 516

+13.1
+12.2

Fish
33, 284
54, 061

4

4

288, 120
64, 590

357, 014
35, 913

508, 196
48, 190

802, 320
110, 004

97, 163

Production (factory)
.thous. of lbs_. 227, 614
Receipts, 5 markets
thous. of Ibs
63, 710
Cold-storage holdings, creamery,
end of month
thous. of Ibs
25, 404
Apparent consumption
thous of Ibs
149, 660
.43
Wholesale price, New York.
dolls, per lb_.
Cheese
Total, all varieties:
Production (factory)
thous. of Ibs
40, 918
Receipts, 5 markets
thous. of Ibs . 21,301
Apparent consumption
thous. of lbs__
42, 420
Cold-storage holdings
thous. of Ibs
50, 864
Imports.—
thous. of lbs._
7,072
Exports, United States
thous. of Ibs
297
Exports, Canada
thous. of Ibs
2,619
American whole milk:
Cold-storage holdings,
end of month
thous. of Ibs
35, 826
.24
Wholesale price, New York. .dolls, perlb.,
Eggs
Receipts, 5 markets
thous. of cases
2,523
Cold-storage holdings
thous. of cases
8,962
Frozen, cold-storage holdings,
end of month
thous. of Ibs
71, 605
Milk
Condensed milk:
Manufacturers ' total stocks
(end of month)—
Case goods
thous. of Ibs
26, 709
Bulk goods
thous. of Ibs
15, 392
Manufacturers ' unsold stocks
(end of month)—
Case goods
thous. of Ibs
21, 706
Bulk goods
thous of Ibs
5,220
Exports
thous. of Ibs. _
3,642
Wholesale price, New York, dolls per case..
5.93
Evaporated milk:
Manufacturers' total stocks, end
of month (case goods)
-thous. of Ibs- , 106, 636
Manufacturers' unsold stocks,
case goods
thous of Ibs
48, 947
7,305
Exports
thous. of Ibs.Wholesale price, New York.dolls. per case.4.63
Production, condensed and
evaporated milk
thous. of Ibs., 241,297
Powdered milk:
Manufacturers' total stocks- -thous. of lbs._
9,136
Exports.
thous. of Ibs..
387
Net orders
_
thous. of Ibs..
5.716
4
Revised.



184, 035
75, 756

234, 043
67, 282

143, 464
* 58, 310

89, 996
196, 213
.43

145, 147
178, 952
.42

59, 259
22, 134
50, 720
67, 216
7,656
241
7,060

50, 265
24, 134
35, 849
87, 937
6,503
231
8,977

49, 999
.24

67, 091
.24

6

6

840, 065 1, 237, 767
100, 321
130, 796

-11.7

113, 555
42, 234

133, 294
50,476

116, 732
44, 761

-21.0
-27.6

-2.7
-5.6

1, 169, 364
464, 534

1, 315, 840
476, 861

+12.5
+2.7

163, 701
186, 123
.42

147,412
179, 871
.46

138, 151
188, 565
.42

125, 342
180, 883
.45

-10.0 +17.6
-3.4
-.6
+9.5 +2.2

1, 588, 880

1, 492, 820

-6.0

36, 157
22. 556
36, 827
90, 204
3,430
251
16, 023

36, 614
21, 522
46, 587
85, 108
5,102
225
19, 040

46, 140
20. 735
39, 801
98, 473
6,520
254
19, 903

40, 910
18, 236
46, 278
95, 385
7,449
323
19, 343

405, 719
156,697
383, 074

338, 401
171, 064
366, 361

-16.6
+9.2
-4.4

47, 561
2,953
78, 973

54,906
2,644
64, 640

+15.4
-10.5
-18.1

69, 749
.25

65, 434
.27

81, 297
.22

77,646
.23

13, 570

14, 289

+5.3

29, 799

26, 801

-10.1

58, 569

53, 724

-8.3

1,436,192

1,603,012

+11.6

2,016
48.002

2,385
48.380

+18.3
+0.8

-25.7

3, 096, 099
631, 476

Butter

4

+1.3
-4.6
+26.5
-5.6
+48.7
-10.3
+18.8

-10.5
+18.1
+0.7
-10.8
-31.5
-30.3
-1.6

-6.2 -15.7
+8.0 +17.4

1

1,767
10, 565

1,225
10, 746

-10.7
-17.6

-3.8
-1.2

1,005
9, 650

897
7,953

. 1, 083
9,573

932
8,048

77, 508

71, 192

52,634

51, 061

-8.1 +39.4

43, 559
20, 796

38, 357
19, 519

40, 821
23, 136

34, 106
21, 478

-11.9 +12.5
-6.1 -9.1

38, 325
7,600
3,532
5.83

33,004
6,454
2,439
6.00

32, 545
9,148
2,139
5.75

26, 711
8,203
3,001
5.76

-13.9 +23.6
-15.1 -21.3
-31.1 -18.7
+2.9 +4.2

4
4

81, 263

81, 418

41, 028
20, 223

44, 028
19, 883

37, 205
7,553
3,190
5.90

38, 140
7,719
2,716
5.83

168, 599

213,068

235,609

222,482

177,323

151, 687

-5.6

+46.7

126, 534
8,926
4.60

176, 763
6,326
4.58

203,079
4,240
4.58

198,281
3,756
4.58

132, 531
5,657
4.36

115, 700
5,191
4.45

-2.4
-11.4
0.0

+71.4
-27.6
+2.9

279,772

219,255

175,316

120,928

139,361

119,258

-31.0

+1.4

12,356
251
6.196

13,746
241
5.781

4

4

4

13,232
238
5.683

-22.3 -27.3
+0.4 -17.3
-14.9 +29.8 !
6
Cumulative through Aug. 31.

10,282
239
6,531

14, 941
196
5.363

14, 146
289
5,031

48

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 23 to 133 of
the August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

September, tember,
1927,
Septem1927,
from
from
ber
SepAugust, tember,
1927
1926

Per ct.
increase

(+)
or decrease
(-)
cumulative
1927
from
1926

Sep-

May

June

July

17,725
114, 529

19, 633
116,448

19, 366
118,672

August

September

August

1926

1927

6140,214
958, 764

« 143, 459
999, 061

+2.3
+4.4

6

6

-1.4

FOODSTUFFS— Continued
Milk— Continued
Fluid milk:
ReceiptsGreater New York
thous. of qts_.
Production—
Minneapolis St Paul tlious of Ibs
Consumption in manufacture
of oleomargarine
thous. of lbs._

30,818

30, 835

26,718

5, 689

4,817

111,582 l

5,566

1

21,771

56,798
326, 105
448,043
287, 655

74, 520
278,078
384, 903
258,427 |

58,206
313,841
453,226
341,803

^3 i

564

17,297

.045
.059
.067 '
135

.045
.056
.066
133

4,451

.048 1
. 058 i
. 064
131

213, 871

+31.2
-14.7
-14.1
-10.2

1,059,025
3,255,141
4,084,833

+2.0
-19.9
-2.9

1,080,275
2,931,244
3, 967, 317

i -32. 4

-90.1

33,146

1,777

—94.6

-74. 3

-18.5

83,249

99,991

-fo(). 1

.044
.056
. 062

+o. 7
+3. 6
-3.0
-1.5

— 9.1
+3.6
+3.2
+3.1

-19.5

228

.042
. 055
.062
127

157,420
343, 161
998,209

208, 474
403, 719
783,717

167, 805
292, 816
671,952

164,744
445, 900
935,416

186, 580
473, 190
603,409

— 27. 5
-14.3

-10.1
-38. 1
+11 3

4,182,465
3, 683, 200

3,913,272
-6 4
3,253,331 i -11.7

87, 979

122, 922

105,163 i -33. 8

-16.3

1, 076, 276

1,008,198 :

4,738
832
1,117

4,663 i -2.0
-33.7
912
1,053 ; — 3. 8

-0.9
-40.0
+17.2

8,804

0.0
1,240 !
694 | +19. 7

+4.2
+2.6

10,077
5,280

10,197 ;
5,433 j ;

+1.2
+2.9

-2.9

-23.7
64, 578

60,310 i

-6.6

110, 616

104,466

132, 914

4,322
743
982

4,393
788
1,137

4,537
634
1,136

4, 716
825
1,283

!
4,622 |
547
1,234 i

932
509

1,169
655

1,232
666

1,292
595

1,292
712

1,289
684

.154

.148

.142

.139

.135

.192

TOBACCO
Production (crop estimate)
thous of Ibs
Consumption (tax-paid withdrawals):
540, 874
Large cigars.
thousands
Small cigarettes
thousands. _ 8, 538, 988
Manufactured tobacco
and snuff
_ _
thous. of Ibs
33, 420
Stocks, end of quarter:
Chewing, smoking, snuff, and
export
thous. of lbs__
Cigar tobacco
thous. of Ibs _
Total, including imported _ -thous. of Ibs..
Exports:
Unmanufactured leaf
thous. of lbs_ . 40, 366
Cigarettes
. ...
. thousands
893, 152
Sales of loose-leaf, warehouses
thous. of Ibs..
2,180
Price, wholesale, Burley good leaf,
18. 00
dark red, Louisville
dolls, per 100 Ibs..

-19.9
-19.8
-16.0
-12.7

216,842

5,464

7, 095

92, 940

Tea
Imports
thous. of lbs_ _
4,732
Stocks, United Kingdom, end of
month
thous, of Ibs. - 158, 012
Price, Formosa fine, New York .-dolls per [b-.
.345

+4.0

5,991

93,071
346,818
457, 961
296, 012

12,956 ,

+0.8

19,070

34

98, 160
323,434
459,108
308,961 ,

17, 570
107, 254

18,027
110, 923

4,651

21,157

5, 913

Sugar
Haw:
Imports—
From Hawaii and Porto
144, 715
140, 717
Rico
loiip tons
From foreign countries
long tons-. 348, 546 285, 968
Meltings, 8 ports
long tons — 472, 528 503, 703
Stocks at refineries, end mo
long tons.. 370, 898 361, 915
Receipts, domestic, at New
50
42
Orleans
long tons- _
Refined:
8, 345
Exports, including maplelong tons.. - 10, 524
Prices:
Wholesale, 96° centrifugal,
.048
N Y
dolls, per Ib
.046
.060
.060
Wholesale, granulated, N. Y. .dolls, per lb_.
Retail, granulated, N. Y
dolls, per lb._
. 063
. 085
133
133
Retail average, 51 cities
index number -Cuban movement:
Receipts at Cuban ports
long tons- 227, 001 185, 360
359, 738
Exports
long tons
336, 320
Stocks end of month
long tons 1,357,045 1,156,430
Coffee
Imports
thous of Ibs
Visible supply:
World
thous. of bags__
United States
thous. of bags.Receipts, total, Brazil
thous. of bags..
Clearances:
Total, Brazil, for world
thous. of bags..
Total, Brazil, for U. S
thous. of bags. .
Price, Rio No. 7, Brazil grades,
N. Y.
dolls, perlb-

18,095
110,694

5, 343

6,101

145, 417
. 345

137,417
. 345

.177 1

9,467

9, 586

10, 056

12,148

+1.3

-21.1

146, 684
.345

164, 368
.345

156, 559
.355

175,012
. 355

+12.1
0.0

-6.3

9,811 j i +11.4

-6.1
-2.8

[:

2

1,323,388

11,168,413

639,359
594, 242
604, 870
600,016
576, 528
561, 199
8, 736, 464 8,277,052 9, 328, 055 8,994,416 8, 068, 005 8, 086, 274

+5.7
-3.6

36,224

-1.9

-4.3

51,312,142
s 389, 178
31,768,399

+0.4
-10.0
-2.2

+4.9
-13.8
+2.0

38,319 +38.0
762, 387
+1.6
102, 691 +104. 8

+0.2
-51. 3
+33.0

0.0

-19.0

35, 059

31,570

35,337

51,371,003
5 372, 758
5
1,844,462

34, 673

35,809

31,376,271
5
335, 474
31,804,160

33, 053
809, 523
236

28, 229
479, 166
72

27,817
365,448
66,810

38, 394
371, 168
136,824

26,263
819, 569
34, 772

16. 88

17.00

17.00

17.00

21.00

+6.6 4,804,881 4,835,282
+11.1 67,649,394 73, 659, 996
316, 172

.:

+0.6
+8.9
-4.5

301,846

.

U"

326, 128
7,454,242
384, 843

357, 746
5, 507, 523
524,016

+9.7
-26.1
+36.2

20, 631
9, 845
6 4, 408
65, 240
1,696
6
480, 768
6 17, 048
3, 738, 193
4, 445, 526
. 755,329

21, 323
6 10, 482
6 4, 169
64, 057
1,874
6
467, 637
6
19, 757
5, 209, 454
5, 752, 008
902, 709

+3.4
+6.5
-5.4
-1.8
+10.5
-2.4
+15.9
+39.4
+29.4
+19.5

-1.9
+6.5 6, 825, 337 7, 217, 740
+26.6 +45.0 1, 796, 106 1, 995, 822
+2.3 -5.9 17. 858. 336 18. 374. 954
5
' Quarter ending in month indicated.
Cumulative through Aug. 31.

+5.9
+11.7
4-9 1

21.00

THANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
2,450
Total cargo traffic
-thous. of long tons_.
2,380
2,229
In American vessels. _ -thous. of long tons..
1,308
1,341
1,318
In British vessels
thous. of long tons..
524
550
432
Sault Ste. Marie Canals ..thous. of short tons__
11,660
12, 614
12, 573
285
New York State canals.- -thous. of short tons..
381
292
Cape Cod Canal
short tons
65, 849
60, 482
84,062
Suez Canal.- _ .
thous. of metric tons
2,410
2,548
2,298
Welland Canal
short tons.. 1, 040, 748 991, 787 752, 831
St. Lawrence Canal
short tons 1, 094, 346 1, 211, 603 898, 273
Mississippi River, Govt. barges
short tons.. 99, 608
94, 092
96, 643
Ohio River, Pittsburgh, Pa., to
Wheeling, W. \ a _ .
short tons 696, 722 817, 446 951, 562
Allegheny River _ _
_. ..short tons
195, 792
260, 612
316, 859
Monongahela River
short tons 1. 806. 081 1. 851. 453 1. 990, 824
2
i As of Oct. 1.
Final estimate for 1926.
* Revised.




2,430
2,398
1,390
514
11, 721
10, 791
390
357
58, 685
1
2,477
\
1, Oil, 771 1, 090, 647
1, 128, 517 1, 178, 199
4
122, 300
89, 000

2,322
2,240
1,254
1,317
517
573
12, 789
13, 776
416
336
62, 004
58, 831
1, 845
2, 080 |
717,548
630, 169
798, 845
872, 597
114, 352
110, 690

1, 007, 373
988,412 1, 078, 041
927, 851
333, 279
421, 985 ! 295,823
291, 111
2. 132. 449 2.181.251 12. 289. 324 2. 317. 562

-1.3

+7.1

-7.9
-8.5

-15.8
-14.2

+7.8
+4.4
-27.2

+52.0
+35.0
-19.. 6

6

49

TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

i

May

June

July

CUMULATIVE TOTAL Per ct.
PER CENT INFROM JANUARY 1
CREASE (+) OR THROUGH SEPTEMBER increase
DECREASE (— )
30
( )
or t
deSepcrease
Sep- tember,
(-)
tember, 1927,
cumuSeptem1927,
from
1926
1927
lative
from
ber
Sep1927
August, tember,
from
1927
1926
1926

1926

August

September

August

7,517

TRANSPORTATION-Continued
Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons
American
_ -thous. of net tons..
Foreign
thous. of net tons..

6,248
2,632
3,616

6,835
2,575
4,260

2,649
4,493

2,749
4,769

7,232
2,712
4,520

7,892
2,567
5,325

7,657
2,554

40, 030
31, 661

56, 075
48, 174

25, 184
19, 141

24, 352
21, 145

31, 510
23,303

19,423

11,317
6,244

219

219

216

7,142

5,103

-3.8
-1.3
-5.2

-5.6
+6.2
-11.4

56, 514
30, 195
36, 318

+29.4 +178. 4
+10.2 +273. 2

156, 042
100, 695

56, 179

21,369

34, 810

-0.6
+5.8
-4.2

Shipbuilding
Completed during month:
Total
.gross tons..
Steel seagoing
gross tons..
Building or under contract, end of month:
JVIerchant vessels
thous of gross tons
World construction (quarterly):
Launched
thous of gross tons
Under construction thous of gross tons _

235

13, 384
275

6

281

287, 542 +84.3
220, 642 +119. 1
6

2, 035

+5.6

Surplus (daily av. last week of month):
273, 275
114, 730 -37.2 +17.7
256, 448
274, 223
214, 985
135, 059
161, 478
Total
cars
34,805
62, 202 -71, 9 -44.0
88, 967
Box
-- .cars.. 133, 345 147, 831 154, 437 123, 901
76, 554
74, 126
27, 519 +39.3 +169. 4
78, 148
81, 330
53, 204
38, 967
Coal
cars
Shortage (daily av. last week of month) :
None.
151
371
542 +145. 7 -31.5
10
None.
None.
Total
cars..
None.
None.
403 I
None.
None.
None.
None.
Box
cars
100 +152. 4 +271. 0
None.
None.
371
None.
147
None.
Coal
cars
Car loadings:
+2.6
—3. 6 39, 134, 140 38, 871, 504
Total
cars 4, 096, 742 3, 974, 160 4, 935, 397 4, 249, 359 4, 360, 022 4, 388, 118 4, 523, 112
+8.6 +21.6 1, 753, 981 1, 750, 834
229, 524
238, 699
196, 316
156, 472
158, 527
219, 898
222, 549
Grain and grain products
cars
+9.8 -16.1 1, 141, 106 1, 098, 625
147, 100
117, 045
Livestock
_
cars.. 115, 378 108, 383 128, 226 112,323 123, 354
+3.4 -10.0 7,476,797 7, 386, 552
845, 152
770, 272
653, 119
760, 522
689, 903
735, 389
808, 083
Coal and coke
cars
-1.8
282, 182
282, 956
-4.2 2, 802, 505 2, 618, 397
Forest products..
cars-- 283, 695 270, 554 320, 847 275, 251 270, 322
-9.2 -25.0 1, 672, 399 1, 530, 513
300, 786
Ore
cars
238,279 255, 562 317, 924 248, 462 225, 581
310, 404
-0.3
-0.2 9, 951, 680 9, 988, 495
Merchandise andl. c. 1
cars.. 1, 049, 900 1, 001, 882 1, 250, 761 1, 042, 893 1,039,460 1, 040, 756 1, 041, 404
+5.4
-0.5 14, 335, 672 14, 498, 088
Miscellaneous
.
... .cars.. 1, 561, 080 1, 528, 188 1, 917, 843 1, 615, 143 1, 702, 084 1, 606, 325 1, 710, 172

-0.7
-0.2
-3.7
-1.2
-6.6
-8.5
+0.4
+1.1

*578
52,841

«526
«3,047

«387
5 1, 851

-9.0
+7.3

1, 927

+35. 9
+64.6

i

Freight Cars

Railroad Operations
Operating revenue:
Freight
Passenger
Total operating
Operating expenses
Net operating income
Freight carried

thous of dolls
thous of dolls
thous of dolls
thous of dolls
thous of dolls
mills ton-miles

390, 680
78, 532
518, 569
390, 787
85, 664
40, 113

381, 975
85, 956

517,029

388, 025
87, 364

38,483

369, 985
91, 633
509, 380
383, 717

84,383

38, 380

415, 179
91, 691
557, 436
393, 294
118, 226
41, 973

* 429, 606
< 99, 014
* 580, 257
« 400, 423
< 132, 960
* 43, 734

444, 142
92, 648
589, 961
397, 860
145, 492
44, 328

63,083,607 63, 047, 305
6

6 701, 906
661, 967
84, 171, 858 64,087,896

63,100,197 63,084,876
6
6 745, 181
6
312, 586

6

675, 836
314, 340

-1.2
-5.7
-2.0
-0.5
-9.3
+0.6

Railway Equipment
Locomotives (Am. Ry. Assn.):
61,455
63, 044
-0.1 -2.5
61, 765
63, 107
62, 172
61, 931
Owned end of month
number
61, 540
2,609
-0.1 -0.2
2,605
2,605
2,611
2,611
2,616
2,603
Tractive power
mills, of lbs__
-1.8 -6.1
8,535
8,345
8,889
8,759
9,031
9,030
8,502
In bad order, end mo..
.number. .
-2.2
13.6
14.2
14.3
14.0
14.4
-4.2
14.7
13.9
Per cent of total in use
per cent
224 +70.1 -21.0
155
177
1,664
258
152
104
Installed during month. _
number
148
278 -20.4
331
262
247
500
-5.8
2,222
213
329
Retired during month
number
26
6
84
31 -70.0 -80.6
38
898
184
Ordered from manufacturers
number. .
20
Unfilled orders (railroads)—
173
343 -40.4 -70.3
200
102
466
251
171
From manufacturers
number. _
37
36
32
67
100
36
In railroad shops
. number
40
Shipments (Census)—
134 +56.8
127
89
124
60
1,291
-5.2
109
Total
number. .
81
Domestic—
967
109 +21.1 -21.1
35
86
63
77
78
71
Steam
number
13 +16.7 -46.1
7
18
18
16
130
15
6
Electric.
._ number. Unfilled orders, end of month —
498 -25.3 -45.6
271
525
399
434
400
363
Total
number
Domestic386 -31.6 -56.7
167
299
455
333
244
Steam
number
380
24 -27.9 +104. 2
57
26
49
34
31
68
Electric
number
44
231
16
12 -27.3 -33.3
22
8
11
Exports, steam.
number. .
10
Freight cars (Am. Ry. Assn.):
-0.1 -1.0
Owned end of month
cars 2, 333, 098 2, 332, 728 2, 330, 042 42,328,328 2,326,324 2, 349, 305 2, 348, 956
0.0
211,917 * 211, 935 211, 936
212, 089
211, 896
-0.1
212, 001
Capacity
mills oflbs
211, 875
-5.1 -7.7
149, 078
137, 571
161, 396
147, 449
141, 433
145, 590
145, 038
In bad order end mo
cars
-7.7
6.5
-3.2
6.3
6.0
7.0
6.2
6.5
6.2
Per cent of total in use
_ . per cent . .
44, 835
164
2,564 -96.3 -98.4
1,459
40
7,566
Ordered from manufacturers
cars..
1,066
4,378
Shipments by manufacturers —
4,397
8,357
-21.6
5,606 -17.3
5,544
69, 700
5,935
5,317
Total
-_ -_
cars.
6,202
68, 441
5,584
8,308
5,528
4,393
5,560 -16.6 -21.0
Domestic
cars..
5,270
6,182
Unfilled orders (railroads)—
+7.2
14, 437
13, 468 -20.2
19, 819
23, 666
21, 956
24, 221
18, 096
Total
cars
8,118 -20.3 +33.0
10,799
13, 816
14, 678
18, 303
13, 545
From manufacturers
cars
15, 122
6,003
8,544
4,541
3,638
5,350 -19.9 -32.0
7,278
5,918
In railroad shops
cars
Passenger cars:
1
131 -47.2 -85.5
1,060
19
69
36
Ordered from manufacturers
...cars
52
61
Shipments by manufacturers187
1, 700
178 +32.2 +12.9
147
119
152
201
52
Total
.cars
1, 635
163 +37.7 +23.3 1
187
147
146
201
119
Domestic
__
cars..
52
6
4
4
Cumulative through Aug. 31.
Quarter ending in month indicated.
Revised.




482

-11.3
+11.7
-46.3

838

-35.1

573
116

-40.7
-10.8

179

-22.5

44, 505

7

43, 646
43, 133

-37.4
-37.0

1,476

2,483

1,015

-4.2

961
921

-43.5
-43.7

50
TREND OF BUSINESS MOVEMENTS—Continued
i

1926

1937

The cumulatives shown are through
September , except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August , 1927, "Survey"

j

May

September,
Septem- 1927,
from
August,
1927

-59.5
-70.5

-6.1
-42.3

or decrease

September,
1927,
from
September,
1926

^e®

August

199,336
29,089

434, 603
77, 004

212,387 i
50,383

29, 286
52, 683

35, 297
71, 263

7,376
42, 248
9,936

6,634
26, 268
8,747

7,528
3,428

7,653
3,542

64, 573
14, 232

65, 758
14, 972

60,097
13, 713

10, 850
13, 416
1,928

10, 104
12, 656
1,417

11,241
13, 894
1,940

411,119

103, 481
34, 088

96, 027
31, 226

e

CUMULATIVE TOTAL
Per ct .
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30

PER CENT INCREASE (+) OR
DECREASE (— )

cumulative
1927
| from
1926

1926

1927

1, 654, 619
290, 163

1, 864, 591
352, 403

+12.7
+21.5

8 211, 909
8 228, 115

8 211, 058
•243,427

-0.4
+6.7

« 44, 828
« 285, 721
151, 272

« 41, 139
« 294, 024
157, 384

-8.2
+2.9
+4.0

7,646
3,399

8 54, 955
8 24, 104

8 54, 507
8 23, 622

-0.8
-2.0

62,009
14,848

8474,017
e 111, 751

« 518, 665
8 127, 094

+9.4
+13.7

13, 663
4 1, 841

11, 654
14, 338
2,255 I

6 85, 748
6 103, 710
6 13, 486

884,095
8104,358
8 14, 076

-1.9
+0.6
+4.4

97, 248
29,333

93, 920
27, 649

97, 822
32,736 i

6 794, 960
« 260, 516

8837,385
8 279, 054

+5.3
+7.1

733,470 ! 745, 769

June

July

August

263, 268
54, 821

542,644
113,626

492, 016
98,449

24,000
25, 736

23,420
29, 935

28,418
57, 701

3,133
51, 379
27,813

9,230
65, 686
14, 831

6,322
43,039
10, 269

7,129
3,096

7,379
3,234

65, 970
16, 372

TRANSPORTATION- Continued
Passenger Travel
National parks:
Visitors
number- 140, 716
Automobiles entered
number. . 28, 477
Arrivals from abroad:
Immigrants _ _
._
. number __ 31, 819
United States citizens
... .number.. 26, 238
Departures abroad:
6,148
Emigrants
.
number
United States citizens _
number. . 28,849
Passports issued
number. . 32, 863
Pullman company operations:
Revenue
thous. of dolls
6,418
2,780
Passengers carried
thousands

i

8,474

-17.5

-3.1

PUBLIC UTILITIES
Telephone companies:
Operating revenue
thous. of dolls - 65, 748
Operating income
thous. of dolls. . 16, 130
Telegraph companies:
Commercial telegraph tolls-thous. of dolls. . 10, 697
Operating revenue
thous. of dolls. - 13, 321
1,864
Operating income
thous. of dolls .
Gas and electric companies:
Gross earnings
thous. of dolls
106, 076
Net earnings
-thous. of dolls .. 35, 204
Electric railways (212 companies):
Passengers carried .
thous. of persons - 802, 172
Electric power production:
6,582
Total
mills, of kw. hours By water power
.mills, of kw. hours. .
2,671
By fuels
mills, of kw. hours
3,911
In street railways,
manfg. plants, etc.. .mills, of kw. hours. .
363
In central stations
mills, of kw. hours..
6,219
Gross revenue sales
...thous. of dolls. _ 140, 300

768, 968
4 6, 475
4 2, 532
4 3, 943

* 6, 456
42,435
4
4, 021

347
346 1
6,128
* 6, 110
141, 300 * 134, 300

-0.7

66,316,069 66,272,858

749, 592

742,932 I

6,632
2,386
4.247

6,175
2,098
4,077

6,221 i
2,078
4,143 j

8 47, 677
6 17, 270
8 30, 408

8 52, 089
8 19, 727
832,363

+9.3
+14.2
+6.4

349
6,283
135, 300

368
5,807
127,800

354 j
5,867
132, 300

8 3, 118
8 44, 559
1, 093, 800

8 2, 974
8 49, 115
2, 151, 600

-4.6
+10.2
+96.7

EMPLOYMENT AND WAGES
Employment in factories:
New York State *
thousands
480
479
471
Detroit
__
thousands..
206
189
202
New Jersey (rel. to 1923) index number. _
94
94
93
Pennsylvania (rel. to 1923) .index number. .
84
87
86
Delaware (rel. to 1923)
index number. .
74
72
73
Wisconsin (rel. to 1915)
index number. .
115.2
116.0
119.7
Illinois (rel, to 1922)
index number..
96.9
96.6
93.1
Massachusetts (rel. to 1914) .index number. .
84.1
82.1
85.9
Total pay roll:
New York State * (weekly) .thous. of dolls. _ 14, 010
13, 977
13, 632
Wisconsin (rel. to 1915)
index number. .
259.3
266.6
255.7
New Jersey (rel. to 1923). ..index number. .
102
103
98
Pennsylvania (rel. to 1923). index number. _
87
81
89
Delaware (rel. to 1923)
index number. .
74
78
75
Ohio construction employees
(rel. to 1923) __ _ _
index number
69
77
88
Federal civilian employees, Washington, D. C., end of month
number.. 59,879
59,800
60,433
Average weekly earnings (State reports) :
Illinois, factory labor
dolls
29 27
28 60
28 32
New York State, factory labor
dolls..
29.18
29.17
28.95
Wisconsin, factory labor
dolls
25 52
26 05
24 22
Massachusetts (rel. to 1914). index number..
234.7
231.9
229.1
New Jersey (rel. to 1923) .. .index number. .
109
110
106
Pennsylvania (rel. to 1923) .index number. .
102
102
96
Delaware (rel. to 1923)
index number. _
104
103
99
Average weekly earnings (National Industrial
Conference Board) :
Grand total (both sexes) .
dollars
27 52
27 34
26 82
Total male
dollars _
30.20
29 98
29 27
Skilled male
dollars..
31.69
31.48
30.74
Unskilled male . . .
dollars
24 68
24 49
23 95
Total women
...
dollars
17.36
17 37
17 08
Average weekly hours:
Nominal (both sexes)
.hours
49.6
49.6
49 7
Actual (both sexes)
hours..
48.3
47.9
47.3
Wages of common labor, by geographic divi- i
sions:
New England
cents per hour 1
49
51
50
Middle Atlantic
cents per hour
46
46
47
South Atlantic
cents per hour
29
27
30
East South Central ...
cents per hour
24
25
25
West South Central
cents per hour .
26
26
30
East North Central
cents per hour
37
38
37
West North Central
cents per hour
38
38
37
Mountain
cents per hour
45
44
45
Pacific
_
.
cents per hour
50
54
54
United States, average
cents per hour..
38 !
39
39
Wage rates, U. S. Steel Corp... cents per hour..
50 |
50
50
Wages, steel workers, Youngstown
district
percent of base..
125.5 1
125.5
125.5
< Revise.
• Cumulative through Aug. 31.




474
206
93
84
71
121.7
94.4
84.0

484
197
95
84
74

94.2
85.2

13, 898
278.7
101
85
75

14, 317

96

96

102
83
76

489
239
93
91
82
125.9
100.7
86.6

500
234
100
93
82
123.9
102.9
90.0

+2.1
-4.4
+2.2
0.0
+4.2

-3.2
-15.8
-5.0
-9.7
-9.8

n O

+1.4

-8.5
-5.3

14, 103
282.0
98
91
81

14,664 !
278.0 >
106 i
93
83

+3.0

-2.4

+1.0
-2.4
+1.3

-3.8
-10.8
-8.4

108

112

60, 270
28. 62
28. 86
25. 27
230. 8
106
99
97

27.95
29.31
25.32
231.1
106
99
99

27.16
29.76
31.33
24.08
17.26

26.76
29.39
30.91
23.81
16.91

49.6
47.5

-14.3

27.38
29.83
31.39
24.03
17.34

49.5
47.8

0.0

59, 849

49.6
48.4

60, 413

28.61
29.29
25.94
236.4
109
101
102

49
47
27
26
28
38
37
46
54
39
50

125.5

27.65
29.57

237. 1 1
109
98 !
101
i

49
46
26
25
33
40
38
46
54 !
40 !
50

48
47
33
24
28
37
36
42
52
39
50 |

49
47
39
25
26
37
36
44
52
39
50

-3.4
+1.0

-1.1
+0.9

+0.3
0.0
-3.0
-1.0

+2.6
+2.8
-1.0
+2.0
i
ii

0.0
0.0
-2.1 -2.1
-3.7 -33.3
0.0
-3.8
+17.9 +26.9
+5.3 +8.1
+2.7 +5.6
0.0 +4.5
0.0 +3.8
+2.6 +2.6
0.0
0.0

!
i
!
i

;
125.5 I
133. 0
133.0
0.0 -5.6
* See table on p. 21 of the Septeinber, 19517, issue i or earlier data.

II
ii
i
U

1

51
TREND OF BUSINESS MOVEMENTS—Continued
1937
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

July

PEE CENT INCREASE (+) OR
DECREASE (— )

1926

August

September

August

SepSeptember, tember,
1927,
Septem1927,
from
ber
from
SepAugust, tember,
1927
1926

CUMULATIVE TOTAL j Per ct.
FROM JANUARY 1
inTHROUGH SEPTEMBER crease
30
(+)

1926

1937

or decrease
(-)
cumulative
1927
from
1926

369, 116
324, 014
187, 886
136, 128

439, 118
333, 712
199, 266
134, 446

+19.0
+3.0
+6.1
-1.2

+7.6

EMPLOYMENT AND WAGES— Contd.
Applicants per 100 jobs, employment agencies:
United States
number..
Eastern States
number
Central States
number.
Southern States . . _.
number..
Western States. _
number. .

118
121
137
119
61

137
149
163
125
65

134
145
152
118
87

129
137
156
122
70

121
131
136
114
79

106
118
128
81
62

45.8
31.7
7.8
6,3
35.3

54.0
31.2
8.4
7.2
49.4

39.1
27.6
5.6
5.9
37.8

40.7
27.2
8.6
4.9
41.7

51.3
38.0
6.0
7.3
52.6

51.8
40.1
4.7
7.1
65.9

58.4
47.6
4.9
6.1
69.4

+26.0 -12.2
+39.7 -20.2
-30.2 +22.4
+49.0 +19.7
+26.1 -24.2

41, 849
36, 039
19, 341
16,698

36, 639
32, 967
20, 961
12,006

* 41, 406
37, 795
23, 970
13, 825

46, 218
40, 987
24, 609
16, 378

35, 763
32, 272
19, 605
12, 667

43, 742
37, 907
21, 648
16, 259

+11.6 +5.7
+8.4 +8.1
+2.7 +13.7
+18.5 +0.7

37, 444
2,311
20, 406
1,533
10, 064
398
2,863
208
4,111
172
903
86
1,019
53
3,299
119

36, 884
2,334
20, 176
1,546
9,791
404
2,859
212
4,058
172
864
86
912
53
3,018
126

39, 539
2,349
21, 400
1,552
10, 522
409
3,053
214
4,564
174
965
90
944
54
3,114
130

38,738
2,371
20, 740
1,568
10,422
413
3,020
215
4,556
175
978
90
1,002
55
3,278
135

34, 088
2,154
19, 015
1,465
8,713
338
2,506
184
3,854
167
801
80
703
40
2,371
92

35, 202
2,172
19, 339
1,471
9,439
345
2,543
189
3,881
167
872
81
799
40
2,772
95

-2.0
+0.9
-3.1
+1.0
-1.0
+1.0
—1.1
+0.5
-0.2
+0.6
+1.3
0.0
+6.1
+1.9
+5.3
+3.8

+10.0
+9.2
+7.2
+6.6
+10.4
+19.7
+18.8
+13.8
+17.4
+4.8
+12.2
+11.1
+25.4
+37.5
+18.3
+42.1

295, 664

318, 098

164, 956

179, 093

+8.6

76, 875

86, 637

+12.7

104, 674 * 107, 234
27, 869 4 27, 985

107, 714
28,068

82,976
25, 793

85,082
25,923

100
-6.2
-4.4
105
118 -12.8
-6.6
85
58 I +12.9

+21.0
+24.8
+15.3
+34.1
+36.2

Factory Labor Turnover
(Percentage of number on pay roll)
Departures:
Total
per cent
Voluntary quits. ..per cent
Layoffs
per cent
Discharges
per oent
Accessions
per cent

(annual basis)
(annual basis)..
(annual basis) ..
(annual basis)
(annual basis)

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous. of dolls.. 38, 789
Total sales, 2 houses
thous. of dolls
33, 742
Sears, Roebuck & Co
thous. of dolls.
19,994
Montgomery Ward & Co... thous. of dolls.. 13, 748
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls.. 37, 533
Total stores operated (4 chains) number
2,300
F. W. Woolworth & Co._.thous. of dolls.. 20, 916
Stores operated
number
1,528
S S. Kresge Co
thous. of dolls
9,602
Stores operated
number. .
392
McCrory Stores Corp
.thous. of dolls_.
2,852
Stores operated
. _. .number..
208
S. H. Kress & Co
thous. of dolls..
4,163
Stores operated
number
172
Metropolitan
thous. of dolls..
855
Stores operated _
number..
83
F. & W. Grand
thous. of dolls
936
Stores operated
number..
53
W. T. Grant Co
thous. of dolls..
3,160
Stores operated
.number.
117
Chain stores:
Groceries107, 517
Sales
thous. of dolls
Stores o Derated
.number
27,344
DrugSales
thous. of dolls..
8,075
Stores operated
number..
728
CigarSales
. .
thous. of dolls. .
9,309
Stores operated
number
3,406
ShoeSales
thous. of dolls
3,350
Stores operated
_ . . .number. _
589
MusicSales
thous. of dolls. _
794
Stores operated
number. _
62
CandySales
thous of dolls
2,621
Stores operated
number..
271
Restaurant chains:
Total sales (3 chains)
thous. of dolls..
4, 849
Stores operated
number..
362
Average per store
dollars
13,395
Childs Co., sales
. thous. of dolls..
2,402
J. R. Thompson Co., sales.-thous. of dolls..
1,222
Waldorf System (Inc.),
sales
. -thous. of dolls..
1,225
Other chain stores:
Isaac Silver & Bros
thous. of dolls..
410
Stores operated
..
number..
21
Hartman Corporation.
thous. of dolls. .
1,783
Stores operated
_
number. .
17
J. C. Penny Co
thous. of dolls. . 11,425
Stores operated
number
885
6,774
United Cigar Stores Co
thous. of dolls..
Stores operated
..
number _ _
3,105
A. Schulte (Inc.)
thous. of dolls..
2,493
Stores operated
number
290
Owl Drug Co
_thous. of dolls..
1,274
94
Stores operated
number _ .

111,900
27, 666

21, 714

25, 830

+19.0

33, 119

36, 538

+10.3

6,809

7,714

+13.3

6,698

8,251

+23.2

21, 955

26, 476

+20.6

+0.4 +26.6
+0.3 +8.3

771,376

1,051,891

+36.4

8,236
731

8,484
747

8,439
747

8,243
762

7,548
645

7,531
652

-2.3
+9.5
+2.0 +16.9

66, 104

85, 290

+29.0

8,943
3,413

9,080
3,422

8,707
3,451

8,678
3,449

8,770
3,335

9,037
3,354

-0.3
-0.1

-4.0
+2.8

77,902 !

92,279

+18.5

3,621
595

3,386
600

3,076
606

3,278
606

2,842
563

3,313
566

+6.6
0.0

-1.1
+7.1

29, 204

34, 355

+17.6

784
62

720
62

890
62

1,136
62

1,095
60

1,244
61

+27.6
0.0

-8.7
+1.6

9, 224

9,996

+8.4

2,606
275

2,558
277

2,523
277

2,713
280

2,353
275

2,649
274

+7.5
+1.1

+2.4
+2.2

22, 076

26, 904

+22.1

4,625
362
12, 776
2,281
1,173

4,565
362
12,610
2,256
1,155

4,863
364
13, 360
2,463
1,183

4,844
365
13, 271
2,437
1,161

4,899
354
13,839
2,549
1,153

5,179
356
14, 548
2,682
1,171

-0.4
+0.3
-0.7
-1.1
-1.9

-6.5
+2.5
-8.8
-9.1
-0.9

44,142

43,438

-1.6

22. 162
10, 684

21, 660
10, 678

-2.3
-0.1

1,171

1,154

1,217

1,246

1,197

1,326

+2.4

-6.0

11,296

11,100

-1.7

430
21
1,192
17
11, 377
787
6,471
3,106
2,471
296
1,494
94

415
21
1,068
17
10, 441
842
6,593
3,115
2,447
296
1,372
95

394
21
1,712
17
11,007
854
6,447
3,143
2,225
297
1,489
95

468
21
1,919
17
13, 735
883
6,473
3,139
2,164
297
1,326
95

336
16
1,643
15
8,085
723
6,472
3,039
2,260
287
1,403
91

<397
17
* 2, 046
15
10,622
735
6,560
3,059
2,442
286
1,423
94

+18.8
0.0
+12.1
0.0
+24.8
+3.4
+0.4
-0.1
-2.7
0.0
+10.9
0.0

+17.9
+23.5
-6.2
+13.3
+29.3
+20.1
-1.3
+2.6
-11.4
+3.8
-6.8
+1.1

2,870

3,562

+24.1

1,864
100. 873

1,734
84. 138

2,128
82. 865

2,542
100. 737

2,138
2,626
91. 771 « 103. 999

+19.5
+21.6

-3.2
-3.1

i

i

14,341

13, 260

-7.5

73,106

94, 950

+29.9

57, 372

57, 348

0.0

20, 269

21, 500

+6.1

12, 041

12, 395

+2.9

22, 191
927. 878

22, 580
887. 131

+1.8
-4.4

Advertising
Magazine advertising for the following
month
_
thous. of lines..
NewBDaoer advertising..
thous. of lines..
4
Revised.




2,350
112. 108

52
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 23 to 133 of
the August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

September,
Septem1927,
ber
from
August,
1927

September,
1927,
from
September,
1926

August

September

August

24, 668
5,487
1,950

22, 704
5,161
1,572

26, 250
5,323
1,597

24, 554
7,542
1,761

* 26, 728
< 5, 902
* 1, 820

+15.6
+3.1
+1.6

2,527
918
4,565
965
549
538
90
944
2,909
148

2,241
895
3,533
724
278
172
73
624
2,246
49

2,776
601
3,325
344
262
99
59
548
1,701
30

3,198
649
3,203
230
819
438
131
1,840
1,293
190

2,356
505
2,792
385
278
53
67
774
1,887
30

* 2, 267
741
* 3, Oil
188
* 780
*334
4179
4 1,510
41,412
4
207

4,547
205
4,246

4,052
72
3,822

3,564
30
2,802

3,087
42
2,497

3,895
129
3,315

3,195
41
2,888

29, 323

29, 681

26, 300

28, 478

30, 152

26, 714

29, 976

3,082

3,069

2,988

3,197

3,291

3,003

3,169

10, 348
83, 189

10, 951
85, 373

9,529
76, 970

4 10,120
82, 538

10, 152
84, 383

9,417
77, 674

3,240
33, 931

3,126
32, 177

2,994
32, 759

3,162
33, 234

2,994
31, 667

177, 403
1,442

175, 069
1,526

201, 183
1,427

166, 683
1,585

5.2

4.3

6.0

216, 956
732, 665
161
949, 782

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1926

1937

-1.8
-9.8
-12.3

244, 452
53, 235
13, 459

244, 250
49, 026
14, 805

-0.1
-7.9
+10.0

+15.2
+8.0
-3.7
-33.1
+212. 6
+342. 4
+120. 0
+235. 8
-24.0
+533. 3

+41.1
-12.4
+6.4
+22. 3
+5.0 i
+30.7 I
-26.8
+21.9
-8.5
-8.2

19, 392
7,822
32, 112
4,257
5,171
2, 595
1,144
8,951
16, 402
1,286

23, 539
7,618
33, 038
4,510
5,149
2,546
1, 097
9,822
16, 222
1,205

+21.4
-2.6
+2.9
+5.9
-0.4
-1.9
-4.1
+9.7
-1.1
-6.3

4 3, 967 +26.2
* 180 +207. 1
4 4, 230 +32.8

-1.8
-28.7 1
-21.6

45, 748
1,206
31, 670

42, 920
1,111
3], 042

-6.2
-7.9
-2.0

+5.9

+0.6

262, 248

269, 967

+2.9

+2.9

+3.8

28, 306

29, 138

+2.9

9,972
83, 963

+0.3
+2.2

+1.8
+0.5

95, 633
748, 112

96, 290
761, 197

+0.7
+1.7

2,892
31,517

2,895
31,712

-5.3
-4.7

+3.4
—0 1

27,915
291, 090

29, 005
291, 260

+3.9
+0.1

145, 031
1,320

158,765
1,386

184, 581
1,419

-13.0
-16.7

-21.4
-7.0

11.2

7.5

8.6

5.8

-33.0

+29.3

211,482
781, 361
138
992, 981

186, 090
745, 664
115
931, 869

198, 686
719, 203
157
918, 046

184, 843
714, 041
157
899, 041

-12.0
-4.6
-16.7
-6.2

+0.7
+4.4
-26.8
+3.7

1, 922, 867
6, 855. 604
1,530
8, 780, 001

1, 973, 853
7, 167, 875
1,522
9, 143, 250

+2.7
+4. 6
-0.5
+4.1

978, 721 1, 023, 331
29, 100
30, 488

945, 250
13, 496

958, 771
40,882

946, 627
47, 743

-7.6
-55.7

-0.1
-71.7

9, 201, 898 10, 068, 872
423, 427
325, 144

+9.4
-23.2

638. 866
200, 835
54, 229
893, 930

625, 510
211, 157
43, 977
880, 644

526, 564
200, 622
31, 475
758, 661

595, 929
199, 076
55, 632
850, 637

523, 915
197, 277
73, 456
794, 648

-15.8
-5.0
-28.4
-13.9

+0.5
+1.7
-57. 2
-4.5

5, 743, 035
1, 875, 837
' 625, 352
8, 244, 224

5, 880, 806
1, 937, 545
533, 762
8,352,113

+2.4
+3. ,3
-14.6
+1.3

140, 517
47, 108
5,123
192, 748

137, 510
49, 220
5,327
192, 057

131, 763
45, 741
4,317
181, 821

117,851
43, 419
4,102
165, 372

118,023
40, 827
3,783
162, 633

-4.2
-7.1
-19.0
-5.3

+11.6
+12.0
+14.1
+11.8

1, 162, 867
374, 086
41, 967
1, 578, 920

1, 286, 580
414, 793
47, 943
1, 749, 316

+10.6
+10.9
+14.2
+10.8

11, 078

11, 172

10, 050

10, 141

4, 847
1,620
3,227

4,898
1,622
3,276

4,290
1,577
2,713

4,335
1,579
2,756

4,152
920
2,234
850
148

4,192
923
2,242
876
151

3,907
948
2,137
710
112

3,924
948
2,148
715
113

1,316
763

1,327
755

1,194
659

1,202
680

680, 076
267, 873
151, 721
105, 250
86, 058
69, 174
39, 962

681, 859
261, 413
154, 716
103, 671
86, 549
75, 510
38, 360

649, 023
241, 270
145, 015
107, 354
84, 572
70, 812
36, 010

597, 667
222, 265
132, 004
104, 268
76, 904
62, 226
34, 878

-11.0
-9.3
-10.5
-10.1
-11.0
-19.3
-8.0

+1.5 6, 181, 828 6, 375, 743
+6.7 2, 456, 384 2, 609, 477
+4.9 1, 341, 749 1,411,209
985, 612
-10.6
945, 416
+0.1
778, 652
769, 829
-2.1
619,431
639, 812
+1,2 1 339,806
3,60,500

+3.1
+6.2
+5.2
-4.1
-1.1
+3.3
+6.1

May

June

July

32, 175
6,202
2,627

29, 497
5, 019
2,379

2,610
911
4,752
804
1,101
450
110
875
2,530
205

DISTRIBUTION MOVEMENT— Contd.
Advertising— Continued
National advertising in newspapers:
Total
thous. of lines..
Automobile advertising
thous. of lines..
Automobile accessories
thous. of lines..
Cigars, cigarettes, and
tobacco
thous of lines
Financial
_
thous. of lines..
Food, groceries, beverages.. thous. of lines..
Hotels and resorts
thous. of lines..
Household furniture
thous. of lines..
Men's clothing
_
thous. of lines ._
Musical instruments
thous. of lines..
Radio and electrical
thous. of lines..
Railroads and steamships, .thous. of lines..
Shoes
thous. of lines..
Toilet articles and medical
preparations
thous. of lines
Women's wear
thous. of lines
Miscellaneous
thous of lines
Postal Business
Postal receipts, 50 selected
cities
. thous. of dolls.
Postal receipts, 50 industrial
cities
thous. of dolls
Money orders:
Domestic paid (50 cities)—
Quantity
number
Value
.
_ thous. of dolls
Domestic issued (50 cities)—
Quantity
- - number
Value
thous of dolls
Wholesale Trade
Delinquent accounts, electrical trade:
Amount
- . . dollars
Number of firms
number
Retail Trade
Installment sales in New England department
stores:
Ratio to total sales.
per cent..
BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents')

Policies new (45 companies) :
Ordinary
number of policies- 233, 729 236, 429
816, 966
902, 343
Industrial
number of policies
189
197
Group
_ .number of contracts
Total
number of policies and contracts. _ 1, 136, 269 1, 053, 584
Policies and certificates issued:
Total policies and certificates
number.. 1, 166, 877 1,094,437
41, 042
Group insurance certificates certificates.. 30, 805
Amount of new insurance (45 companies) :
Ordinary
thous. of dolls.. 699, 846 696, 742
221, 780
241, 662
Industrial
_.
thous. of dolls
67, 817
Group
thous. of dolls.. 45, 683
Total insurance
thous. of dolls. . 987, 191 986, 339
Premium collections (45 companies) :
151, 009
145, 256
Ordinary
thous. of dolls
46, 584
45, 750
Industrial
thous of dolls
5,164
4,943
Group
thous. of dolls
202, 757
195, 949
Total
..
thous. of dolls
Admitted life insurance assets (41 companies):
10, 982
Grand total
.mills, of dolls.. 10, 896
Mortgage loans4,764
4,806
Total
mills, of dolls
1,617
1,615
Farm
mills, of dolls
3,149
3,189
All other
mills, of dolls..
Bonds and stocks (book value)—
4,085
4,117
Total
mills, of dolls
914
915
Government
mills, of dolls..
2,225
2,210
Railroad
mills, of dolls. _
816
831
Public-utility
mills, of dolls
145
146
All other
mills, of dolls
Policy loans and premium
1,291
1,305
notes
mills, of dolls754
756
Other admitted assets
mills, of dolls.
(Life Insurance Sales Research Bureau)

Sales of ordinary life insurance (81 companies) :
United States total
thous of dolls
Eastern manuf. dis
thous. of dolls..
Western manuf. dis
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..

4 Revised.




752, 267
309, 265
163, 551
110, 340
91,834
77, 277
44, 553

763, 495
309, 398
165, 803
115, 180
99, 022
74, 094
45, 298

606, 760
237, 184
138, 441
93, 224
76, 998
60, 913
35, 302 1

53
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1926

Sep-

September, tember,

i

May

June

July

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

September

1927,
Septem1927,
from
from
ber
SepAugust, tember, 1
1927
1926

August

Per ct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

1926

1927

251, 934
199, 329
12, 058

285, 246
206, 913
13, 385

+13.2
+3.8
+11.0

i

BANKING AND FINANCE-Continued
Banking
Debits to individual accounts:
33. 008
33, 369
30, 750
3i,653
26, 233
New York City
mills, of dolls. . 31, 270
25,618
22, 054
22, 875
22, 937
23, 389
23,813
Outside New York City
mills, of dolls..
21,311
20, 755
1,645
1,474
1,586
1,476
1,583
Bank clearings (Canada)
mills, of dolls-.
1,345
1,320
Federal reserve banks:
497
398
477
401
430
Bills discounted
mills of dolls
717
620
1,703
1, 662
1, 676
1,706
Notes in circulation
mills of dolls
1,740
1,703
1,716
594
658
593
556
737
Total investments
mills of dolls
581
576
3,154
3,184
3,181
3,146
3.126
Total reserve
nulls of dolls
2,937
2,966
2,367
2,399
2,341
2,330
2,390
Total deposits
mills of dolls
2,282
2,330
76.8
77.6
79.7
78.3
76.3
Reserve ratio
per cent
74.4
72.6
Federal reserve members banks:
14, 625
14, 488
14. 942
14, 697
14, 718
Total loans and discounts— .mills, of dolls_14, 179
14, 395
6, 042
5,977
5,992
5,927
6,050
Total investments
mills, of dolls. 5.634
5,599
13, 414
13, 200
13, 349
13, 230
13, 381
Net demand deposits
mills of dolls
13, 003
12,961
Brokers' loans, end of month:
To New York Stock
Exchange members
thous. of dolls.. 3, 457, 869 3, 568, 967 3, 641, 695 3, 673, 891 3, 914, 628 3, 142, 148 3, 218, 937
By New York F. R. member
banks
thous of dolls 3, 061, 891 3, 117, 920 3, 141, 193 3, 184, 058 3, 305, 623 2, 758, 274 2, 812, 971
Interest rates:
4.31
3.81
4.33
4.00
3.65
New York call loans
p°r cent
4.59
4.90
4.31
4.13
4.13
4.30
4.16
Commercial paper 4-6 mos
per cent-.
4.43
4.31
4.00
4.00
3.50
4.00
3.50
N Y Fed Res Bank
per cent
3.81
4.00
5.25
5.25
5.25
5.25
5.25
5.25
Federal land banks
per cent
5.25
4.50
4.50
4.50
4.50
4.50
Intermediate credit banks
per cent
4.50
4.50

+5.'4
+6.1
+7.4

+30.3
+9.8
+19.9

+7.2
+1.8
+12.0
-0.6
+2.1
-2.6

-40.0
-0.6
+26.9
+6.4
+2.6
+5.1

+1.7
+1.9
-0.9

+3.8
+7.2
+1.7

+6.6

+21.6

+3.8

+17. 5

+4.4
+3.6
0.0
0.0
0.0

-22.2
-2.7
-12. 5
0.0
0.0

-5.1
-2.1
+2.4

179, 037
443, 572
3, 058, 574

168, 978
444, 556
3, 064, 219

-5.6
+0.2
+0.2

2, 568, 265

2, 430, 547

-5.4

|

Savings Deposits
New York State savings
banks end of month

thous of dolls

3,972,408 4, 034, 152 4, 023, 347 4, 033, 176

3, 729, 404 3,776,911

Public Finances
Government debt, gross
Custo.ms receipts
Total ordinary receipts
Expenditures chargeable to
ordinary receipts
Money in circulation:
Total
Per capita

18, 874
mills, of dolls..
thous. of dolls. . 45, 615
thous. of dolls.- 170, 370

18,512
48, 988
742, 691

18,463
50, 481
173, 970

18, 380
52, 982
202, 182

18, 477
54,410
590, 192

19, 534
51,815
192, 954

+0.5
19, 473
+2.7
55, 596
576, 528 +191. 9

thous. of dolls. -

213, 028

363, 717

203, 579

259, 181

287, 442

254, 802

290,465

+10.9

-1.0

mills of dolls
—dollars--

4,786
40.97

4,745
40.58

4,744
40.53

4,750
40.54

4,850
41.35

4,906
42.34

+2.1
+2.0

—1.1
-2.3

34,465

43, 150

39, 196

32, 786

28, 130

29, 990

-16.4

+9.3

297, 688

396, 660

+33.2

13, 587
17, 856
3,022
25,428
2,958

16, 743
15, 832
9,575

14, 921
14, 702
9,573

12, 515
14, 096
1,519

1,785

1,687

15, 349
12, 052
5, 3-35
20, 857
1,490

1,720

10, 093
11, 242
4
8, 655
73, 651
2,059

+2.9
-18.0
-43. 7
-18.0
-11.7

+52.1
+7.2
-37.8
-71.7
-27.6

113, 526
150, 733
33,430
129, 854
20, 397

152, 562
179, 855
64,243
112, 087
18,489

+34.4
+19.3
+92.2
-13.7
-9.4

1,833

1,756

1,708

1,573

1,593

1,437

-7.9

427
1,310
96
81
156

448
1,187
121

438
1,174
96

449
1,071
73

144

147

389
1,083
101
55
143

141

374
958
105
169
156

365, 173

553, 553

252, 325

326, 325

489, 725

321, 492

447, 500

74, 475
43, 275
25, 450
5,750

129, 850
65, 200
33, 450
13, 200

91, 225
50, 050
34, 675
6,500

76, 225
49, 375
19, 750
7,100

119, 875
70, 250
28, 375
12, 250

4
4
4

106, 650
68, 300
27, 050
11,300

57.62

4, 864
42.02*

Business Failures
Liabilities (United States):
37,785
Total commercial
thous. of dolls..
Manufacturing
13, 802
establishments
thous. of dolls..
Trade establishments. -thous. of dolls. . 19, 978
4,005
Agents and brokers
thous. of dolls..
Banks (quarterly)
thous of dolls
Liabilities (Canada)
thous. of dolls. .""""I," 826"
Firms (United States):
1,852
Total commercial
number-Manufacturing
444
establishments
number-1,292
Trade establishments
number. .
116
Agents and brokers
number. .
Banks (Quarterly)
number
157
Firms (Canada)
number. .

+9.5

16, 111

17, 333

+7.6

-11.2 +4.0
-7.8
+13.0
+5.2
-3.8
-32.1 -67.5
-8.3
-2.7

4,011
11, 307
793
378
1,524

4,119
12, 206
1,008
310
1,497

+2.7
+8.0
+27.1
-18.0
-1.8

+50.1

+9.4

3, 623, 149

3, 938, 977

+8.7

+57.3
+42.3
+43.7
+72.5

+12.4
+2.9
+4.9
+8.4

965, 085
531, 575
278, 315
87, 695

1, 025, 155
563, 875
291, 950
96, 525

+6.2
+6.1
+4.9
+10.1

+0.5

+16.4

+69.0
+29.9

Dividends and Interest Payments
(For the following month)
Grand total
Dividend payments:
Total
Indus, and misc. Corp..
Steam railroads.
.
Street railways.
Aver, payments on industrial
stocks (Quarterly)

thous. of dolls..
thous.
thous.
thous.
thous.

of dolls..
of dolls..
of dolls __
of dolls..

5

« 8 83

dolls per share

4

72, 750
47, 750
18, 600
4
6, 300

8. 87

New Security Issues
Foreign governments
.
Total corporation
Purpose of issue—
New capital
Refunding
Kinds of issue—
Stocks
Bonds and notes
Class of industryRailroads
Public utilities
Industrials
Oil
Land and buildings
Shipping and misc




i

thous. of dolls ..
thous. of dolls ..

23,000
711, 861

54, 400
707, 548

25, 596
371, 095

81, 000
444, 278

31, 281
451, 364

34, 000
243, 450

74, 900
328, 705

-61.4
+1.6

-58.2
+37.3

324, 392
3, 924, 533

548, 156
5, 097, 699

thous. of dolls..
thous. of dolls..

446, 072
265, 789

538, 295
169, 253

341, 658
29, 437

277, 832
166, 446

372, 585
78, 779

176, 155
67, 295

283, 231
45, 474

+34.1
-52.7

+31.5
+73.2

3, 396, 375
528, 157

3, 806, 874 +12.1
1, 290, 825 +144. 4

thous. of dolls.. 127, 464
thous. of dolls. . 584, 397

155, 867
551, 682

79, 052
292, 043

153, 887
290,391

109, 576
341, 788

46, 507
196, 943

48, 327
280, 379

-28.8 +126.7
+17.7 +21.9

960, 405
2, 964, 129

1, 228, 245
3, 869, 276

thous. of dolls. . 129, 225
thous. of dolls.. 255, 614
83, 288
thous. of dolls __
75, 100
thous. of dolls
thous. of dolls. . 41, 510
thous. of dolls. _ 67, 124
4
Revised.

204, 223
155, 006
159, 767
30, 000
74, 720
83, 833

14, 306
115, 360
69, 127
20, 750
48, 936
102, 616

183, 764
109, 821
65. 392
25', 000
38, 292
22, 009

19, 493
200, 174
82, 659
None.
45, 602
93, 437
5
Quarter

15, 085
61, 706 -89.4
69, 434
45, 930 +82.3
66, 035 114, 938 +26.4
10, 500
None. -100.0
52, 628
48, 537 +19.1
29, 618
57, 595 +324. 5
ending in month indicated.

339, 402
1, 528, 155
860, 451
187, 537
538, 965
434, 560

839, 775 +147. 4
1, 904, 777 +24.6
-3.9
826, 640
333, 138 +77.6
494, 008
-8.3
626, 661 +44.2

-68.4
+335. 8
-28.1

-6.0
+62.2

+27.9
+30.5

54

TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

May

June

July

1926

August

September

August

PER CENT INCREASE (+) OR
DECREASE (— )

SepSeptember, tember,
1927,
Septem1927,
from
from
ber
SepAugust, tember,
1927
1926

BANKING AND FINANCE— Continued
New Security Issues— Continued
Bond issues (Canada) :
Qovt. and provincial
thous. of dolls
8,400
271
18, 370
Municipal . .
thous. of dolls..
1,517
4,799
904
2,226
9,788
+159. 6
1,051
3,771
10, 374
Corporation
.thous. of dolls.. 30,100
31, 557
52, 973
11, 949
+2.4
6,625
51, 713 +699. 6
Tax-exempt securities:
Total outstanding, end of
month
mills of dolls
15, 752
15, 821 4 15, 843
15, 863
15, Oil
15, 107
States and municipalities:
4
Permanent loans
thous. of dolls .. 210, 251 4 164, 720 4 87, 291 4 89, 574 109, 575
68, 853
135, 129 +22.3 -18.9
18, 010
Temporary loans
thous. of dolls..
19, 288
26, 625
60, 382
9,138
38, 055
54, 613 -84.9 -83.3
292, 280 314, 363 273, 906 325, 193 431, 293
New incorporations
thous. of dolls
580, 387 +32.6 -25.7
505, 770
Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks.- -thous. of dolls.. 1, 124, 055 1, 130, 648 1, 134, 896 1, 139, 502 1, 143, 130 1, 053, 336 1, 057, 217
+0 3 +8 1
Joint-stock land banks
thous. of dolls.. 617, 220 607, 517 607, 679 609, 891 609, 535
-0.1
610, 794
614, 639
-0.8
Federal intermediate credit
banks
thous of dolls
70, 888
65, 051
-2.4 -19.9
64, 252
64,408
62, 879
78,083
78,490
War Finance Corporation.. thous. of dolls..
5,050
4,731
4,846
4,569
10, 504
4,285
-6.2
9,629
-55.5
Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share .. 209. 83
211. 25
221.90
229.99
242. 66
172. 22
+5.5 +40.9
172.26
25 railroads, average
dolls, per share..
113.60
115. 63
117.00
117.42
119. 95
96.14
+2.2 +20.6
99.43
103 stocks, average
dolls, per share..
131. 18
125. 45
135. 83
141. 17
-0.4
140. 67
115. 64
114. 48
+22.9
Southern cotton mill
stocks
dolls per share
112. 34
112. 48
111. 93
111.05
109. 85
-1.1 -0.7
110. 33
110. 68
Stock prices, average weekly closing: *
Automobile
index number
276.7
281.9
290.3
318.5
354.5
219.8
227.9 +11.3 +55 6
Chain stores
index number
462.1
466.1
477.7
534.2
585. 1
+9.5 +48.1
398.6
395.1
Copper
index number __
117.4
113.4
114.6
121.8
127.4
113.3
+4.6 +14.9
110.9
Food
index number
369:1
361.1
363.4
302.4
371.3
392.2
302.4
+5.6 +29.7
Petroleum
index number..
103.2
101.7
100.9
105.3
0.0
105.3
113.5
113.4
-7.1
Steel . . .
.. .index number. .
136.0
135.4
138.3
165.8
121.7
150.5
118.9 +10.2 +39.4
Textile
index number
41.2
42.1
+2.8 +13.7
40.3
43.6
44.8
37.1
39 4
Traction, gas and power index number..
239.2
241.8
254.1
267.2
223.4
+5.2 +19.9
242.6
222.8
Bond prices:
Highest-grade rails.. p. ct. of par, 4% bond..
95.06
93.48
93.57
94.58
95.19
89.23
89.36
+0.6
+6.5
84.84
Second-grade rails.-.p. ct. of par, 4% bond..
84.10
84.16
81.20
+0.8 +6.0
85.43
86.11
81.23
Public utility
p. ct. of par, 4% bond . . 76.49
76.76
78.29
76.85
78.23
74.78
+0.1 +4.8
74.67
Industrial
p ct. of par, 4% bond
79.38
78.37
78.60
79.81
79.55
78.09
77.82
+0.3 +2.6
Comb, price index... p. ct. of par, 4% bond__
83.37
82.69
82.81
+0.4
83.98
80.48
80.42
+4.9
84.35
Stock sales:
N.Y. Stock Exchange
thous. of shares. . 46,598
47, 630
38, 493
44, 189
51, 057
36,904
+1.7 +40.7
51, 918
Bond sales:
Miscellaneous
thous. of dolls . 303, 510 288,469 252, 423 290,948 254, 987
203, 543 175, 594 -12.4 +45.2
liberty-Treasury
thous. of dolls
34, 837
31,163
17. 289
24, 326
13, 070
11,906
14, 060 +86.1 +73.. 0
Total
thous. of dolls . 334, 673 323,306 269, 712 304, 018 279. 313
-8.1 +47.3
215, 449
189, 654
(For 1st of following month)
5 Liberty bonds
p. ct. of par.. 104.14
103. 71
103.58
104.14
+1.4
103.68
102. 27
-0.4
102. 56
16 foreign government and
city
p. ct of par
105. 07
104.96
105.42
+1.9
105.64
0.0
105. 67
103. 61
103. 64
Comb price index 66 bonds p ct of par
101. 03
100.79
100.63
101. 34
101. 51
99.08
+0.2 +2.5
99.01
Municipal bond yield
.
per cent..
4.01
3.95
4.06
4.02
-1.5
-3.9
4.11
4.12
3.96
Long-term real-estate bonds issued:
Grand total
thous. of dolls. . 35, 520
39, 719
68, 556
32, 247
42, 763
+0.4
48, 220
42, 606 +32.6
Purpose of issueFinance construction... thous. of dolls.. 13, 740
36, 766
12, 223
23, 463
19, 435
18, 845
27, 700 +20.7 -15.3
Real-estate mortgage., .thous. of dolls..
9,165
23,960
15,040
4,482
7,021 +14.7 -26.8
5,140
18, 760
Acquisitions and
improvements
. thous. of dolls.
1,975
2,790
4,575
2,080
8,000
3,310
2,385 +59.1 +38.8
Kind of structureOffice and other
commercial
thous. of dolls
10,070
26, 645
6,828
-8.3
7,700
19, 575
8,915
21, 350 +154. 2
Hotels ._
thous. of dolls ..
600
3,781
2,065
7,170
5,140
8,960
1,630 -28.3 +215. 3
Apartments
thous. of dolls..
3,430
4,340
3,680
3,473
4,700
7,070
4,270 -26.1 -18.7
Corporation Stockholders
(Quarterly)
Pennsylvania Railroad Co.:
Domestic
number .
8 141, 558
8 141, 938
+0.3 +1.3
s 140, 153
Foreign
.
number..
8 2, 877
8 2, 874
8 2, 892
-0.1 -0.6
U.S. Steel Corp. common stock:
Domestic
number. .
8 88, 665
8 84, 287
s 595, 351
+7.5 +13.1
Foreign
number __
8 1, 604
+3.1 +5.2
1, 653
8 1,572
Shares held by brokers
per ct. of total _ _
8 26. 53
-3.2 —11.4
825 69
8 29. 01
American Telephone & Telegraph Co.:
!
Domestic
number __
8 415, 024
+0.4
8 416, 695
8 385, 907
+8.0
5
Foreign
number
5, 267
+0.4
8 5, 287
54,937
+7.1
GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces.. 66, 956
66, 411
91,428
859
Rand output
thous. of ounces..
855
852
Imports
__
thous. of dolls.. 34, 212
14, 611 4 10, 738
Exports
thous. of dolls..
1,803
2,510
1,840
Silver:
ProductionUnited States
thous. of fine oz
4,811
4,931
4,838
Canada
thous. of fine oz
1,393
1,614
1,752
4
Mexico
thous. of fine oz._
9, 244
7,791
4
Revised.
« Quarter ending in month indicated.




91, 245
863
7,877
1,524
4
4

5, 145
2, 388

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

Per ct.
increase
or decrease

cumulative
1927
from
1926

1926

1927

167, 393
41, 856
225, 922

73, 336
51, 781
198, 008

-56.2
+23.7
-12.4

1, 037, 990 1, 126, 231
537, 106
420, 539
8, 641, 460 3, 898, 882

+8.5
-21.7
-54.9

420, 309

+25.2

2, 076, 279 2, 602, 892
232, 593
196. 999
2, 173, 278 2, 835, 485

+25. 4
+18.1
+30.5

335, 817

480, 821

432,197

-10.1

266, 567
95, 609

197,649
110,244

-25.9
+15.3

59, 770

56, 353

-5.7

201, 186
87, 573
62, 191

139, 313
27,971
40, 725

-30.8
-68.1
-34.5

1

708,409
7,575
192, 966
57,642

-2.1
+1.9
+12.9
-42.1

44, 357
5,270
-9.8
4,860
-4.5
45, 410
2,142
15,844
15, 603
1,926 -15.3 +5.0
6,134
7.632
' See table on pp. 21-22 of the October, 1927, issue for earlier data.

-2.3
-1.5

103, 240
842
12, 979
24,444
4,641
2,023

97,426
844
11, 979
29, 743

111,657
840
15, 987
23, 081

+13.1
-2.4
+64.8

-7.5
+0.2
-18.8
+5.9

723, 402
7,432
170, 907
99, 629

55
TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulative* shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 23 to 133 of
the August, 1927, "Survey"

June

May

PER CENT INCREASE (+) OR
DECREASE (— )

1926

August

July

September

508
624
4, 856
5,590
0.547

293
761
4,992
6,627
0.554

August

SepSeptember, tember,
1927,
Septem1927,
from
ber
from
SepAugust, tember,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH SEPTEMBER
30

1926

1927

Perct.
increase
(+)
or decrease
(-)
cumulative
1927
from
1926

GOLD AND SILVER-Continued
Silver— Continued.
Stocks, end of month231
United States
thous. offineo z _ _
602
Canada.
thous. of fine oz._
5, 083
Imports
thous. of dolls
Exports
. . . .. .thous. of dolls ._
6,026
Price at New York
dolls, per fine oz._
0.563
FOREIGN EXCHANGE RATES
Europe:
England
dolls, per £ sterling..
4.86
.039
France
- dolls, per franc
.054
Italy
. . .
_ dolls, per lira-.139
Belgium
dolls, per franc. _
.400
Netherlands
dolls, per guilder. _
Sweden
dolls, per krone
.268
.192
Switzerland
dolls, per franc. .
Asia:
.471
Japan...
dolls, per yen..
.362
India...
dolls, per rupee..
Americas:
Canada.
dolls, per Canadian doll..
1.001
.962
Argentian
dolls, per gold peso..
.118
Brazil
dolls, per milreis..
.120
Chile _
dolls, per paper peso..
U. S. FOREIGN TRADE
Imports
Grand total
thous. of dolls.. 346, 501
By grand divisions:
EuropeTotal
thous. of dolls . 99, 724
France
thous. of dolls. _ 11, 158
14, 145
Germany
thous of dolls
9,006
Italy
thous. of dolls
United Kingdom
_ thous. of dolls.. 31, 469
North AmericaTotal
_
thous. of dolls.. 85, 976
39, 537
Canada
thous of dolls
South America36, 637
Total
thous of dolls
6,581
Argentina
thous. of dolls. _
Asia and OceaniaTotal
..thous. of dolls. _ 118, 893
33, 097
Japan
thous. of dolls
5,272
Africa total
. .thous. of dolls. .
By classes of commodities:
Crude materials
.. -thous. of dolls. _ 135, 718
Foodstuffs, crude, and
food animals ...
thous. of dolls. . 37, 163
Manufactured foodstuffs
thous. of dolls.. 39, 392
Semimanufactures
thous. of dolls.. 4 63, 780
Finished manufactures
thous. of dolls.. 4 70, 448
Exports
Grand total, including
reexports
.. thous. of dolls.. 4 393, 140
By grand division:
Europe—
Total
thous. of dolls . 172, 061
18, 086
France
.thous. of dolls. _
31, 367
Germany
thous. of dolls
Italy
thous of dolls
8,352
United Kingdom
thous. of dolls. . 61, 638
North AmericaTotal
thous. of dolls.. 120, 061
Canada
thous. of dolls. _ 4 83, 978
South America33,947
Total
thous of dolls
12, 388
Argentina
thous. of dolls
Asia and Oceania —•
Total
thous. of dolls. _ 59, 203
Japan
thous. of dolls
18, 550
7,869
Africa, total
- thous. of dolls. _
Total domestic exports only
thous. of dolls. . 382, 385
By classes of commodities:
74,831
Crude materials
thous of dolls
Foodstuffs, crude, and
food animals
thous. of dolls..
30, 684
Manufactured foodstuffs. --thous. of dolls..
36, 933
Semimanufactures
thous. of dolls. _ 60, 959
Finished manufactures
thous. of dolls. . 178,981
Agricultural exports (quantities):
\11 commodities
index number
108
All commodities except
cotton
index number
135
CANADIAN FOREIGN TRADE
Total trade:
Imports
thous. of dolls.
94,412
Exports
'
thous. of dolls.. 4 108, 783




4

284
474
4,790
5,444
0.568

904
847
« 4, 288
4
6, 650
0. 564

4.86
.039
.056
.139
.401
.268
.192

4.86
.039
.055
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.268
.193

.467
.362

.471
.361

.999
.964
.118
.120

.999
.966
.118
.120

354, 892

4

4
4

100, 842
12, 908
14, 153
8,499
* 29, 591
4
4

-12.8
-1.8
-30.7

4.86
.039
.054
.139
.401
.269
.193

4.86
.028
.033
.028
.401
.268
.193

4.85
.029
.037
.027
.401
.268
.193

0.0
0.0
0.0
0.0
0.0
+0.4
0.0

+0.2
+34.5 !
+45. 9

.473
.361

.468
.363

.478
.364

.484
.363

-1.1
+0.6

-3.3
0.0

.999
.968
.118
.120

1.001
.971
.119
.121

1.001
.920
.154
.121

1.001
.922
.152
.121

+0.2
+0.3
+0.8
+0.8

0.0
+5.3
-21.7
0.0

4

368, 820

341, 723

336, 477

4

-7.3

-0.4

4

3,320,677

3,153,080

-5.0

« 832, 566
6 92, 064
« 130, 917
6 59, 091
• 252,836

6 819, 913
6 104, 906
6125,777
« 69, 499
6 232, 039

-1.5
+13.9
-3.9
+17.6
-8.2

77, 969
40, 345

6 670, 732
« 303, 249

6 664, 939
6 302, 915

-0.9
-0.1

42, 129
5, 716

6 382, 803
6 63, Oil

6 344, 242
6 63, 977

-10.1
+1.5

110, 321
37, 838
4,120

6 1, 016, 989
6 250, 822
6 74, 383

6916,300
e 272, 821
6 65, 135

-9.9
+8.8
-12.4

343, 202

82, 863
39, 968

80, 013
38,912

4
4

37, 631
6,771

46, 401
9,694

44, 623
5,832

4

123, 849
47,482
5,682

101, 101
37, 397
4,867

4

4

121, 249

4

130, 653

124,289

42, 656
35, 471
66, 691
79, 770

33, 196
33,009
62, 697
82, 168

4

374, 834

426,000

384, 449

-3.3

1, 378, 203

1, 240, 583

-10.0

39, 102
32, 581
62, 673
73, 749

-22.2
-6.9
-6.0
+3.0

-15.1
+1.3
0.0
+11.4

390, 379
305, 565
608, 986
637, 542

359, 733
344, 892
562, 266
644, 607

-7.9
+12.9
—7.7
+1.1

4

448, 071

+13.7

-4.9

3,407,690

3, 935, 521

+15.5

224, 263
19,006
44, 437
4
11, 309
4
93, 722

6 1,353, 569 6 1,398, 796
6 158, 934 « 126, 755
6 179, 850 6264,683
6 78, 155
e 99, 760
6 565, 613 6525,440

+3.3
-20.2
+47.2
-21.7
-7.1

6 781, 207
6 489, 865

6 823, 812
6 544, 059

+5.5
+11.1

6 282, 691
« 92, 182

6294,463
6 116, 450

+4.2
+26.3

6 477, 626 6 496, 743
e 152, 944 6 155, 185
6 69, 712
6 64, 531
3,333,572 3,427,821

+4.0
+1.5
+8.0
+2.8

4

143, 280
11, 412
24,133
7,940
4
52, 881

167, 690
14, 203
30,239
9,332
57, 077

186, 040
14, 896
27, 950
10, 817
73,481

4

108, 072
74, 312

99,029
64, 768

109, 733
75, 893

101, 627
69, 103

4

4

36, 038
15, 241

38, 393
15, 668

34, 288
11,724

54, 271
15, 460
9, 545
333, 266
4

4

4

4

416, 533

53,654
14, 255
8,840
378, 325

55, 136

102, 135

75, 790

46, 770
34, 162
59, 782
171, 731

69,429
38, 551
54, 622
151, 796

50, 088
42, 761
53, 223
156, 463

50, 492
12, 199
8,527
367, 582
4

55, 023

135, 096
4
4
4
4

155, 328
14, 907
29,941
9,496
56, 103

31, 468
11, 389

108, 663
14, 443
17, 205
4
8, 427
4
29, 799

4

342, 163
4

-6.3

101, 665
64, 309

4
4
4

41, 558
13, 252

|
71, 159 i
21, 753
9,427
4
440, 211 +13.3
4
4

4

-5.4

+85.2

-15.3

765, 697

769, 029

+0.4

46, 487 +48.4
47, 835 +12.8
55, 128 ; -8.6
170, 168 i -11.6

+49.4
-19.4
-0.9
-10.8

234, 905
362,606
478, 416
1, 491, 948

288,656
333, 197
528,911
1, 508, 030

+22.9
-8.1
+10.6
+1.1

+7.3
+5.6

750,783
847,528

815, 607
831, 056

+8.6
-1.9

120, 593
4
4
4

25, 207
36, 355
62, 485
161, 150

21, 910
4
31, 278
4
59, 354
4
165, 701

89

75

94

104

140 i

118
4
4

0.0
+0.4
0.0

4

42, 050
30, 557
64,308
75, 273

144, 232
4
4
4
4

34, 269
4
35, 076
4
61, 524
67, 244

-8^6

4
4

4

63, 349

-26.7
-21.7

105, 873
12,047
18, 309
7,084
27,347

356, 966

54, 331
13, 698
7,764
348, 546

41, 132
56, 849

100, 335
30, 025
6,925
4

"1""
56, 128
72, 574

110,205
14, 732
18, 014
8,578
32, 892

4

39, 619
4
42, 172
4
60, 384
75, 207
4

-42.3
+22.0
+2.8
+18.6
+1.2

77, 839
38, 167

115,358
36, 035
8,474
137, 510

336
775
7,203
7,243
0.606

4

96, 638
11, 820
16, 148
4
7, 896
29, 344

89, 836
40, 578
40, 365
8,921

4

319, 361

575
738
5, 988
8,041
0.624

4

102

155

171

176

101, 018
105, 678

4
4

90, 598
79, 395

4
4
4

4

99,348
94, 216

Revised.

91,803
97,412

4

89, 670
90, 621

4

4

85, 563
92, 225

-7.6
+3.4

6 Cumulative through Aug. 31

O




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activities of the bureau and a list of publications issued during
the preceding month. Annual subscription, 25$.
Same, October, 1927. 13 pages.
United States Government Master Specifications.—These
specifications for the purchase of material for the; use of Government departments are issued ate circulars of the Bureau of
Standards. Those listed below by circular number may be
obtained at 5# each;
,
-,

No. 338. Leather, Bag. 6 pages* 1 illustration.
No. 347. Brick, Sand-Lime, Common. 4 pages.
No. 348. Boots, Rubber, Short, Light. 4 pages.
No. 340. Boots, Rubber, Hip. 5 pages.
No. 350. Boots, Rubber, Short, Heavy. , 4 pages.

BUREAU OF MINES
Mineral Resources of United States, 1925.—The reports on
mineral resources are issued in the form, of separate bulletins
of which the following hass been released since tha October
announcement and inay be obtained at 50:
Gold, Silver, Copper, Lead, and Zinc in Colorado in 1926. (Pt. I, pp.
701-730, 1 table.)

Mineral resources of United States, 1926.-—The following
have been issued since the October announcement and may be
obtained at 5# each:
*
Antimony in 1926: (Pt. I, pp. 67-79.)
Asphalt and Related Bitumens in 1926. (Pt II, pp, 51-69.)
Barite and Barium Products in 1926. l(Pt. II, pp. 81-89.)
Gold, Silver, Copper, Lead, and Zinc in the Eastern States Jn 1926. ,(?**
I, pp. 81-86.)
Potash in 1926. (Pt. II, pp. 119-125.)
Salt, Bromine, and Calcium Chloride in 1926. (Pt. H, pp. 71-80.)
Slate in 1926. (Pt. II, pp. 99-107.)
Tin in 1926. (Pt. I, pp. 29-50.)

BUREAU OF NAVIGATION
American Documented Seagoing Merchant Vessels of 500
Gross Tons and Over, September, 1927.—ii 4-64 pages. Published monthly. Single copies, !€$;'annual subscription, 75$.

LIGHTHOUSE SERVICE
Atlantic Coast of United States: Buoy List, Cape Lockout to
Hillsboro Inlet, Sitfth Lighthouse District, 1927 (corrected to
September 1). 89 pages. This list describes all aids to navigation maintained by the ynited States on the waters of North
and South Carolina, Georgia, and Florida from Itfew Hive?
Inlet to Hillsboro Inlet Light Station. Price, 20£.
Instructions to Employees of United States Lighthouse
Service, 1927. 124 pages.
4

PATENT OFFICE
Classification Bulletin of United States Patent Office, from
January 1 to June 30, 1927. No. 58; 27 pages. This bulletin
contains the classification of subjects of invention revised by
the Classification Division of the Patent Office;from January
to June, 1927.
r

CHIEF FUNCTIONS OF THE DEPARTMENT OF COMMERCE
HERBERT HOOVER, Secretary of Commerce
WALTER F. BROWN, Assistant Secretary of Commerce

AERONAUTICS BRANCH
WILLIAM P MCCRACKEN, Jr,, Assistant Secretary of Commerce
for Aeronautics
Establishment of civil airways and maintenance of aids to air
navigation; inspection and registration of aircraft and licensing
of pilots; enforcement of air traffic rules; investigation of accidents; encouragement of municipal air ports; fostering of air
commerce; scientific research in aeronautics; and dissemination of information relating to commercial aeronautics. (Some
of these functions are performed by special divisions of the
.Lighthouse Service, the Bureau of Standards, and the Coast
and Geodetic Survey.)

BUREAU OF THE CENSUS
WILLIAM M. STETJART, Director
Taking censuses of population, inmates of institutions, mines
and quarries, forest products, and water transportation every
10 years, censuses of agriculture and electrical public utilities
every 5 years, and a census of manufactures every 2 years.
Compilation of statistics of wealth, public debt and taxation,
including financial statistics of local governments, every 10
years; annual compilation of financial statistics of State and
municipal governments.
Compilation of statistics of marriage, divorce, births, deaths,
and penal institutions annually, and of death rates in cities and
automobile accidents weekly.
Compilation quarterly or monthly of statistics on cotton,
T
wool, tobacco, leather, and other industries; publication in the
Survey of Current Business of monthly commercial and industrial statistics.

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
JULIUS .KLEINj Director
The collection of timely information concerning world market
conditions and openings for American products in foreign countries, through commercial attaches, trade commissioners, and
consular officers, and its distribution through weekly Commerce
Reports, bulletins, confidential circulars, the news and trade
press, and district and cooperative offices in 33 cities.
The maintenance of commodity, technical, and regional
divisions to afford special service to American exporters and
manufacturers.
'
- ,
The compilation and distribution of { lists of possible buyers
and agents for American products in all parts of the world and
publication of weekly lists of specific sales opportunities abroad.
The publication of statistics on imports and exports.
The study of the processes of domestic trade and commerce.

BUREAU OF STANDARDS
GEORGE K. BUEGESS, Director
Custody, development, and construction of standards of
measurement, quality, performance, or practice; comparison
•of standards used by scientific or other institutions; determination of physical constants and properties of materials; researches
and tests Ion materials and processes; and publication of scien-^
tific and technical bulletins reporting results of researches and
fundamental technical data. , , .
Preparation of specifications for Government purchases,
through the Federal Specifications Board.
Collection and dissemination of information concerning
building codes and the planning and construction of houses.
Establishment of simplified commercial practices through
cooperation with business organizations in order to reduce the
wastes resulting from excessive variety in commodities.
1

'BUREAU OF MINES
SCOTT TURNER, Director
Technical investigations in the mining, preparation and
utilization of minerals, including the study of mine hazards
and safety methods ahd of improved methods in the production and use of minerals. , •
,
Testing of Government fuels and management of the Government Fuel Yard at Washington.



Research on helium and operation of plants producing it.
Studies in the economics and marketing of minerals and collection of statistics on mineral resources and mine accidents.
The dissemination of results of technical and economic
researches in bulletins, technical papers, mineral resources
series, miners' circulars, and miscellaneous publications.

BUREAU OF FISHERIES
HENRY 0'MALLET, Commissioner
The propagation and distribution of food fish and shellfish,
in order to prevent the depletion of the fisheries; investigations
to promote conservation of fishery resources; the development of commercial fisheries and agriculture; study of fishery
methods, improvements in merchandising and collection of
fishery statistics; administration of Alaska fisheries and fur
seals; and the protection of sponges off the coast of Florida.

BUREAU OF LIGHTHOUSES
GEORGE R. PUTNAM, Commissioner
Maintenance of lighthouses and other aids to water navigation. Establishment and maintenance of aids to navigation
along civil airways.
Publication of'Light Lists, Buoy Lists, and Notices to Mariners, giving information regarding these aids to navigation.

COAST AND GEODETIC SURVEY
E. LESTER JONES, Director
Survey of the coasts of the United States and publication oi
charts for the navigation of the adjacent waters, including
Alaska, the Philippine Islands, Hawaii, Porto Rico, the Virgin
Islands, and the Canal Zone; interior control surveys; magnetic surveys; tide and current observations; and seismological
investigations.
Publication of results through charts, coast pilots, tide tables,
current tables, and special publications.

BUREAU OF NAVIGATION
D. B. CARSON, Commissioner
Superintendence of commercial marine and merchant seamen.
Supervision of registering, enrolling, licensing, numbering,
etc., of vessels under the United States flag, and the annual
publication of a list of such vessels.
Enforcement of the navigation and steamboat inspection
laws, including imposition of fees, fines, tonnage taxes, etc.

STEAMBOAT INSPECTION SERVICE
DICKERSON N. HOOVER, Supervising Inspector General
The, inspection of merchant vessels, including boilers, hulls,
and life-saving equipment, licensing of officers of vessels, certification of able seamen and lifeboat men, and the investigation
of violations of steamboat inspection laws*

UNITED STATES PATENT OFFICE
THOMAS E. ROBERTSON, Commissioner
The granting of patents and the registration of trade-marks,
prints, and labels after technical examination and judicial proceedings.
Maintenance of library with public search room, containing
copies of foreign and United States patents and trade-marks.
Recording bills of sale, assignments, etc., relating to patents
and trade-marks. Furnishing copies of records pertaining to
patents.
Publication of the weekly Official Gazette, showing the patents and trade-marks issued.

RADIO DIVISION
W. D. TERRELL, Chief
Inspection of radio stations on ships; inspection of radio stations on shore, including broadcasting stations; licencing radio
operators; assigning station call letters; enforcing the terms of
the International Radiotelegraphic Convention; and examining
and settling international radio accounts.