Full text of Survey of Current Business : November 1927
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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 PUBLICATIONS OF THE DEPARTMENT OF COMMERCE Recent publications of the Department of Commerce having the most direct interest to readers of the STJKVEY OP CUEEENT nmss are listed below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce, Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government Printing ,/ Washington, at the prices stated. If no price is mentioned, the publication is distributed free. OFFICE OF THE SECRETARY Seamen.—Department Circular No. 264; 2 pages, s Circular contains the regulations prescribed for determining knowledge of seamanship required for able seamen. mateur Radio Stations of United States.—iv-f-299 pages. TJa s:|>tifr)licati6n contains lists of amateur radio stations, giving cal " J " 1 ~ 1 location, owner of station, and power used. A list ental, technical, and training school stations is Price, 250. ,<T~-,~ Service Bulletin, September, 1927.—16 pages. PublifiB^ monthly. Contains lists of radio stations and references current radio literature. Single copies, 50; annual subMalices Available to Chemical Industry Through United Sta es Department of Commerce.T—33 pages, 4 illustrations. the activities of the different bureaus of the Commerce w}iich are an aid to the chemical industry. BUREAU OF TftE CENSUS (fcoj ' Information concerning plan of publication and distribution of census publi( ;' cations, address the Director of the Census) of Manufactures* 1925; Industry Bulletins.—These yejports present statistics concerning value of products, value added t>y ntanufacture, number of wage earners, etc.: Flour, d,j &nd Other Grain-Mill Products, and Bread arid Other jeiy,products, paper, 36 pages, price 100; Power Laundries anc ^Dye(ing ain4 Cleaning Establishments, paper, 32 pages, e-5,f.; Jne Gas. arid* Coke Industries, paper, 37 pages, price ;| Musical Instruments and Phonographs, paper, 23 pages, pn e1 Jpf*; Iron and Steely paper, 63 pages, price 100; Miscellaneous 50. *V d'.Products, paper7 23 pages, priceStatistics for Industries, 'fiuej of Manufactures, 1925: > -and Cities.—This is a general summary which will tet' rf be included in the final report for this census. Paper, gages, price 250. , j >ffieial Register of the United States, 1927.—-Contains a list arsons occupying administrative and supervisory positions 'in-,11!,$Qh executive q-nd judicial,! department of the Government lap ud[*ag the District of Columbia. Cloth, 173 pages, price 600. :$ OF FOREIGN AND DOMESTIC COMMERCE oreign Commerce and Navigation of United States for eft<la;r Year 1926.—Vol. 1, Ixxx-f 543 pages. This volume \ COBtaiins statistics showing exports and imports, by .countries etjstoms districts, in transit and transshipment trade, im;e<i merchandise entered for consumption, and vessels enjcrand cleared in foreign trade. Price, $1.75. IfliintJhIy Summary of Foreign Commerce of United States, 1927.—Parts t and II. Part I contains statistics of e^pprts of domestic merchandise, and imports by articles for 1926 and 1927, and for 8 months ended August, 1926 T. Part II contains summaries of export and import anc ie.;,monthly average import and export prices; statistics of, }ft with Alaska, Hawaii, and Porto Rico. Single copies, t t. 100.; Part II, 50. Annual subscription, $1.25. tajistical Abstract of United States, 1926.—xvi-f-S31 pages, " dicatiott consists of statistical tables showing the popula ,ipn, industrial activities, finances, and commerce of the ted States for 1926. Price, $t. Market Research Agencies.—1927 edition. Domestic Comcct Series No. 6; iv+156 pages. This is a guide to publiand activities relating to domestic marketing. > Price, Ixport Duties of the World, by Florence K. loannou and i P. Wakefield. Foreign Tariff Series No. 42; viii-f 211 Gives; the currency and weights and measures .units rent co^ihtries; and the export duties of all countries as -stood on February 1, 1927. Price, 350. ;&ndant Specifications fo* Wrought Solid Carbon-Steel eels for Steam Hallway Service.*—~Industrial Standards No. 20S J serial designation A57-24; 19 pages, 3^ illustrations. Por8 L 1 ~ $-English editiqn, prepared in cooperation With the Bu, .I Standards. Price,, 50. Illectrical Development and Guide to Marketing of Electrical Equipment in Colombia and Venezuela.—Trade Information "Bulletin No* 511; ii-4-27 pages. This bulletin.shows the power and development in uses of electricity in industry, transportation, and communication in Colombia and Venezuela, gives statistics as to imports of electrical equipment into Colombia, and information regarding the market for such, material in Venezuela. Price, 10^. BUREAU QF STANDARDS Density and Electrical Properties of the System, RubberSulphur.—Part I, Density of Rubber-Sulphur Compounds, by A. T. McPherson; Part II, Electrical Properties of RubberSulphur Compounds, by H. L. Curtis, A. T. McPherson, and A . J H . Scott. Scientific Paper No. 560. (From Scientific Papers, vol, 22, pp. 383-418, 10 illustrations.) Price, 15^ , Cooperative Measurements of Radio Fading in 1925, by J. H. Bellinger, C. B. Jolliffe, and T. Parkinson. Scientific Paper I^o. 561. (From Scientific Papers, vol. 22, pp. 419-450, 16 illustrations, 2 plates.) Price, 15$. ' Physical Properties of Principal Commercial Limestones Used for Building Construction in United States, by D. W. Kessler and W. H.^Sligh. Technologic Paper No. 349. (From Technologic Papers, vol. 2V pp. 497-590, 25 illustrations.) Price, 30tf. J Technical News Bulletin, September, 1927.—11 pages. This monthly publication contains items describing the laboratory 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.