Full text of Survey of Current Business : November 1928

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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
NOVEMBER, 1928
No. 87

. ,

•

' .COMPILED BY

BUREAU OF THE CENSUS
IN COOPERATION WITH

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
/ '

_

AND

•

,

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 ttfie "Sources of Data" on pages 139-142 of the August, 192$, semiannual issue

Subscription price of the SURVEY QF CURRENT BUSINESS is ?1.50 a year; single copies (monthly), 10 cents, semiannual issues, 25 cents.
Foreign subscriptions, ?2.25; single topics (monthly issues), including postage, 14 cents; semiannual issues, 36 cents. Subscription
I>rice of COMMERCE REPORTS is 24 a year; with the SURVEY, £5.50 a year, hlake remittances only to Superintendent of Documents,
Washington, D. C, by postal money order, express order, or New York draft. Currency at gender's risk. Postage stamps or foreign
money not accepted




g.S. eOVERMUSMT PRIHT1N0 OFFICE: 1921

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. The figures reported
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.
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 19l£; 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 August, 1928, issue). In the
intervening months the mote important comparisons
: only-are giv^n 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 Jias been received during the week ending on the
preceding Tuesday. The monthly information contained in these bulletins is republished in the SURVEY,
and the supplements also contain charts and tables
of weekly data.
RELATIVE AND INDEX NUMBERS
To facilitate comparison between different important items and to chart series expressed in different
units, relative numbers (often called "index numbers," a term referring more particularly to a special
kind of number described below) have been calculated. The monthly average for 1923-1925 has
usually been used as a base equal to 100.
The relative numbers are computed by allowing the
monthly average for the base year or period to equal
100. If the movement for a current month is greater
than the base, the relative number will be greater than
100, and vice versa. The difference between 100 and
the relative number will giye at once the per cent
increase or decrease compared with the base period.
Thus a Relative number of 115 means an increase of 15
per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative
number at one month is 120 and for a later month it
Is 144 there has been an increase of 20 per cent.
When two or more series of relative numbers are
combined t?y a system of weightings, the resulting
series is denominated ah index dumber. The index
number, by combining many relative numbers, is

designed to show the trend of an entire group of
industries or for the country as a whole, instead of for
the single commodity or industry which the relative
number covers. Comparisons with the base year or
with other periods are made in the same manner as in
the case of relative numbers.
RATIO CHARTS
' ^ _ ^
In most instances the charts used in the SURVEY
OF 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, an4 on an ordinary
chart would be plotted 40 equidistant scale points
higher than the preceding months. Another movement with a relative number of, say, 50 also increases
10 per cent, maiding its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, yet each showed the same percentage increase.
The ratio charts avoid 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. Tlie 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 RECORD BOOK OF BUSINESS
STATISTICS, in which data now carried in the SURVEY
OF 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
ractice by business firms are contained in the RECORD
OOK. The sections covering textiles and metals have
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.
METHODS OF USE
Methods of using and interpreting current business
statistics have been collected by the department
from many business concerns and are described in a
booklet entitled "How to Use Current Business
Statistics," together with methods of collecting statistics* This booklet may be obtained fronoi the
Superintendent of Documents, Government Printing
Office, Washington D. C., at 15 cents per copy. (Do
not send stamps.)

g

This issue presents practically complete data tor the month of September and contains text covering the early weeks
of October (page l),for which the basic figures in table and chart form are presented regularly in the weekly supplements.
As most 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.
,
,
'



UNITED STATES DEPARTMENT OF COMMERCE

SURVEY OF
CURRENT BUSINESS
COMPILED BY

BUREAU OF THE CENSUS
IN COOPERATION WITH

BUREAU OF FOREIGN AND DOMESTIC C O M M E R C E AND BUREAU OF STANDARDS

November, 1928

WASHINGTON

No. 87

CONTENTS
INDEX BY SUBJECTS

SUMMARIES

Preliminary summary for October
Business conditions in September
Monthly business indicators (table and chart)
Wholesale prices (table and charts)
Indexes of business
Automobiles, building, mining, manufacturing (charts).
Electric power, transportation (charts)

Textiles
Metals and metal products
„
Fuels
Automobiles and rubber
Hides and leather
Paper and printing
Building construction and housing. _
Lumber products
._.
Stone, clay, and glass products
Chemicals and oils
Foodstuffs and tobacco
Transportation and public utilities _ _
Employment and wages _
Distribution movement (trade, etc.)Banking, finance, and insurance
Foreign exchange and trade

1
4
2,3
6,7
17
8
8

NEW DETAILED TABLES

Prospective carloadings, fourth quarter, 1928
Census of manufactures, 1927
Debits to individual accounts
Indexes of the security markets, common stocks.
Capital flotations
Cocoa, shipments and price

15
20
21
24
25
25

Text
page

Table
page

9
10
11
11
11
11
12
12
12
12
13
14
5
14
14
14

26
28
32
31,33
34
34
35
36
38
38
40,44
44
46
47
47
50

PRELIMINARY SUMMARY FOR OCTOBER
The volume of trade during the early weeks of
October, as reflected by check payments, was greater
than in the corresponding period of 1927. Activity
in steel plants was on a higher scale than in either
the previous month or the same month a year earlier.
The value of new building contracts awarded during
the first weeks of the month was higher than in the
same period a year ago. Employment in Detroit factories, measuring in large degree the activity in the automobile industry, showed some recession from the previous month but was considerably higher than a year ago.
Loans and discounts of Federal reserve member
banks were somewhat higher than in the previous
month, showing an advance over the same month of
last year, as well. Interest rates on time money
showed very little change from the previous month
but were higher than last year. Call loan rates averaged lower than in September but were higher than a
year ago. Stock prices continued to average higher,
18248—28 1


while bond prices, though showing no appreciable
change from the previous month, were lower than a
year ago, reflecting the effect of higher interest rates.
Brokers' loans reached a new high point during October. The Federal reserve ratio showed only slight
change from the previous month but was lower than
a year ago.
The wholesale price index averaged somewhat lower
than in September, but was still above the level which
prevailed in October of last year. Prices for wheat
averaged higher than a year ago. Cotton prices
averaged higher than in either September or the
corresponding month a year earlier. Iron and steel
prices continued to recover and, for the first time in
months, were higher than during the same period of
the preceding year. Copper prices averaged higher
than in either the previous month or October a year
ago. Business failures were more numerous than in
October a year ago.
(l)

MONTHLY BUSINESS INDICATORS, 1923-1928
[Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales of mail-order houses and 10-cent chains, and department
stores have been adjusted for normal seasonal variations, and manufacturing production for the varying number of working days in the month as well]




1924

|

1925

I 1926

I 1927

| 1928

1923

1 1924

.BUILDING CONTRACTS (FLOOR SPACE;

60

3

MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925,
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated,
as noted below. In this manner a more understanding month-to-month comparison may be made.
1927

MONTHLY AVERAGE
1923

ITEM

1924

1925

1926

.927

1928

July Aug. Sept. Oct. Nov. Dec.

Jan. Feb Mar. Apr. May June July Aug. Sept.

1933-1925 monthly average^ 100
Industrial production:
* Total manufacturing.
* Total minerals
Pig iron
Steel ingots
Automobiles
Cement
.
Lumber (5 species)
Cotton (consumption)
Wool (consumption)
Raw material output:
Animal products
Crops .
Forest products
Crude petroleum
Bituminous coal
Copper
Power and construction:
Electric power
Building contracts (37 States)

110.0
105.0
107.1
130.4
125.2
82.3
97.1
113.3
98.7

110.0
103.0
106.6
124.5
124.2
108.4
98.7
102.3
82.0

106.0
107.0
101.0
104.6
85.7
115.3
94.9
120.3
97.0

106.0
100.0
98.8
92.7
81.3
140.1
96.5
110.9
84.1

107.0
106.0
98.6
101.2
93.5
147.4
107.5
123.4
98.1

105.0
105.0
92.9
94.6
7S.9
140.8
105.8
122.2
101.6

102.0
105.0
93.2
95.9
66.5
138. 2
101.5
119.4
103.7

98.0
101.0
88.6
90.5
40.7
116 3
94 4
121.9
97.8

99.0
103.0
90.2
91.9
40.4
96.5
82.9
105.9
88.0
•

107.0
103.0
96.1
115.4
70.2
78.6
76.1
113.5
95.2

100.0 104.0 96.0 96.0 97.0
92.0 104.0 104.0 109.0 113.0
99.0 97.0 104.0 98.0 93.0
99.4 96.9 103.7 104.6 122.3
108.0 92.5 99.5 109. 7 99.4
93.4 100.2 106.4 110.2 104.9

109.0
65.0
89.0
128 3
77.2
99.4

105.0
115.0
99.0
128 3
95.7
102.0

87.0
183.0
98.0
123 6
95.9
100.0

95.0
219. 0
96.0
128. 3
101.0
106 1

92.0
166.0
93.0
121 3
93.3
103. 2

88.0
120.0
86.0
122.1
94.8
101.9

96.0 94.0 97.0 95.0
98.0 81.0 77.0 81.0
81.0 87.0 96.0 96.0
117.8 110.9 122.2 117.5
101.5 919 100.9 73.9
103,8 102. 2 100.6 105.7

101.0
105.0
111.7
104.8
101.5
. _. 92.1
98.6
105.9
112.8

92.5
89,7

94.0
96.0
86.7
88.7
90.9
99.8
98.2
89.7
94.6

105.0
99.0
101.5
106.4
107.7
108.1
105.2
104.4
92.6

108.0
107.0
109.0
113. 1
108.5
110.0
101.5
108.6
8S.7

111.0
103.0
97.1
117.0
98.1
70.8
87.2
111.8
102.0

110.0
105.0
109.9
121.6
129.0
139.0

110.0
99.0
103. 1
108.3
120.1
140. 6

112.6
92.7

99.5
87.1

111.0
101.0
102.8
110.3
118.8
140.4

113.0 116.0
105.0 103.0
105.0 102.5
120.9 120. 0
139.7 125. 3
150.7 143. 7

85.5 102.6 95.9
80.4 95.2

108.0 116.0 108.0 97.0 92.0
72.0 52.0 87.0 114.0 179. 0
101.0 97.0 88.0 90.0 78.0
122.5 118.1 122.9 126.8
84.1 82.6 83.3 94.4 93.8
111.8 111.0 111.3 116.7 117. 3

98.1 109.5 122.6 133.3 129 2 1315 131.7 13S.2 137.1 143.8 144.9 137.0 144.5 136.7 142.2 139.8 142.4 149. 3
92.7 117.6 111.0 106.8 102.4 110.1 101.9 115.0 105.2 95.2 96.0 103.7 132.7 142.4 143.5 142.2 123.7 118.8 114.2

Unfilled orders:
General index
U. S. Steel Corporation

121. 7
125. 8

Stocks:
General index
Manfd. commodities (28)
Cotton
Copper (refined)

94.5 102.0 103.5 114.6 120.5 104.1 108.2 119.0 131.7 134.2 133.4 129.0 130.0 127.0 122.0 116.0 109.0 1010 107.0 116.0
93.8 103.2 103.0 106.3 111.5 115.7 114.1 112.8 108.6 109.6 111.4 115.0 120.0 120.0 119.0 118.0 119.0 117.0 114.0 111.0
102 5 91.4 106.2 145.5 153.2 85.8 87.6 135.1 179.8 200.0 195.8 178.8 159.1 135.7 117.8 96.7 74.6 58.4 52.4 89.5
106.4 113.9 73.1 64.8 86.4 92,2 82.7 75.4 74.1 80. 3 84.2 85.2 76.8 77.1 64.4 58.6 52.0 48.5 48.4 45.8

Employment:
Factories

106.6

96.3

97.8
99.7
97.6
98.1

97.1
97.2
97.6
99.9

Prices:
Farm products, to producers
Wholesale, all commodities
Retail food
_
Cost of living (including food)
Distribution (values):
Bank debits, 141 cities
Wholesale trade
.
Department stores, sales
Mail-order houses, sales..
10-cent chains, sales
Imports
Exports.
Transportation :
* Car loadings
Freight, net ton-miles.

__

.

99.8
102.2

91.3
90.6

«7.2

84.6
82.1

98.0

74.0 72 1
71.1 65.8

94.3 93.1

71.5
65.9

93. 2

69.9
85.9

93.8

67.0
70.0

934

67.1
72.4

91.6

71.5 81.2
83.2 89.5

90.7

106.6 98.6 94.9 94.2 95 7 101. 4 100 7 99. S 99.3
102.6 99.1 95.4 93.3 94.4 95 6 98 1 95.8 95.9
104.9 107.6 103.6 102.9 101.6 102.9 104.3 1019 104.2
102.3 102.3 99.9 98.7 98.7 99.3 99 9 99.9 99.9
132.5
95.0
106.0
120.0
138.0
107.9
106.8

132.1
95 0
107.0
119.0
140 0
106.6
121.4

136.9
93.0
111.0
128.0
147.0
102.5
107.4

97.6 102.8 106.8 104.0 81.4 103.3 130.0 101. 3 95.2
95.9 101.9 109.1 101.6 102.9 112.5 115.1 122.1 99.8

96.8
92.7

91.2 96.7
101.0 98.0
98.0 99.0
92.0 98.0
88.0 99.0
97.8 93.1
91.fi 100.8

Finance:
Member bank loans and discounts- 94.1
Interest rate (commercial paper) . _ 116.2
Federal reserve ratio
99.0
Price, corporation bonds
96.4
Price, railroad stocks
86.0
Price, industrial stocks
86.1
Failures (liabilities)
106.0




87.0
83.6

98.5
90.0
104.1
99.9
96.1
91.9
106.8

111.9
101.0
103.0
110.0
113.0
109.0
107.8

107.4
93.5
96.9
103.6
117.9
122.0
87.2

119.6
98.0
106.0
115.0
125.0
114.3
106.5

112.9
100.9
96.0
108.0
133.4
132.4
80.4

117.3
95.4
99.1
112.5
162.7
171.4
102.3

127 8
95.0
103.0
127.0
139.0
98.9
90.1

115.7
98.6
103.2
111.4
167.3
177.3
101.8

137.6
100 0
111.0
133.0
140 0
114.2
98.7

117.3
92.8
101.4
112.9
167.9
183.7
92.4

141.0
98 0
109.0
122 0
141.0
105. 9
112.0

119.3
92.8
98.8
113.4
171.5
193.9
77.3

130.7
91.0
105 0
117.0
144.0
110. 1
123.7

120.0
92.8
96.4
114.4
163.5
186.4
85.6

• Seasonal adjustments.

121.4
92.8
92.2
114.9
171.6
190.0
85.3

123.2
92.8
86.5
115.6
171.1
193.7
120.9

89.8

81.6 81.4 76.8 73.9 75.2 77.1 74.3 74.6
92.1 90.8 81.1 71.6 76.2 74.8 75.9 7.7.4

91.2 91.8 91.4

91.2

91.3

90.3

91.7 93.1

99.3 97.8 99.3
95.4 95.5 95.1
103.6 101.3 101.2
99.2 98.4 98.1

101.4
96.5
101.6
97.9

107.2 105.1 105.1 100.7 102.2
97.7 96.7 97.4 98.0 99.2
102.8 102.0 102.1 103.0 105.4
98.4 98.0 i>8.0 98.0 99.3

149.6
97.0
105.0
116.0
142.0
108.7
97.8

161.8
89.2
103.0
117.0
147.0
106.9
95.9

168.8
96.2
1010
132.0
144.0
109.6
111.1

142.1
95.1
105.0
113.0
140.0
104.6
108.2

164.8
92.8
105.0
113.0
142.0
117.8
110.8

98.0 101.8 129.0
97.2 95.7 105.8
121.9
92.8
95.5
115.9
169.1
193.5
112.3

120.9
92.8
96.0
115.8
164.7
191.2
106.3

123.3
95.8
95.6
115.7
170.1
204.8
129.3

165.4
89.2
104.0
144.0
153.0
98.2
102.3

140.4
93.7
108.0
153.0
148.0
98.4
99.8

149.9 156.9
98.5 94.5
106.0 120.0
160.0 154.0
1410 165.0
107.4 98.8
100.1 112.2

83.0 106.4 127.0 82.0 102.9 132.4
96.1 105.2 100.0 105.0 113.6
127.3
101.6
90.9
116.0
176.0
210.4
82.5

126.9
104.4
89.2
115.0
178.9
213.2
85.2

128.4
113.2
84.7
112.3
169.5
202.1
66.0

126.6
119.0
88.9
110.9
170.3
206.1
69.8

125.6 127.3
124.8 130. 6
90.0 86.5
109.8 111.0
173.8 178.5
213.4 226.9
137.3 80.1

BUSINESS CONDITIONS IN SEPTEMBER
PRODUCTION

Industrial production, after adjustment for seasonal
conditions, was higher in September than at any other
time on record. The principal gains over a year ago
occurred in the output of automobiles, rubber tires,
iron and steel, and cement, brick, and glass, while a
decline from last year was registered in the production
of textiles and lumber. Mineral production after adjustment for seasonal conditions showed gains over
both the previous month and September a year ago,
the principal increase over last year occurring in copper.
COMMODITY STOCKS

Stocks of commodities held at the end of September
were higher than at the end of the previous month

and lumber showed larger unfilled orders, while textiles and transportation equipment showed declines.
Wholesale trade in September, after adjustments for
seasonal changes, showed a gain over the previous
month, but a decline from a year ago. Compared with
the preceding month, with no adjustments, all lines of
wholesale trade showed gains except dry goods, men's
clothing, women's clothing, and boots and shoes,
which declined, and groceries, which showed no change.
Contrasted with last year all lines showed smaller
dollar sales, except meats and furniture, which showed
substantial gains in volume.
Sales by department stores showed appreciable
gains over both the previous month and September,
1927. Merchandise stocks held by department stores

PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
C1923-1925 monthly average=100. Ajustment has been ma^de for the seasonal movement and relative number of working days for production. Unfilled orders are
principally those of iron, steel, building materials, and textiles. September, 1928, is the latest month plotted]

1923
1924
1925
but showed a decline from a year ago, decreases from
last year being registered both in raw materials and
manufactured goods.
SALES

The general index of unfilled orders showed a gain over
both the previous month and September of last year.
Compared with August, unfilled orders for textiles were
larger but forward business on the books of lumber mills
and manufacturers of transportation equipment showed
declines. As compared with a year ago iron and steel




1926
1927
1928
at the end of the month were smaller than a year ago.
Sales by mail-order houses were substantially larger
than in either the preceding month or September of
last year. The volume of business transacted by 10cent chains was also greater than in either the previous
month or the same period a year earlier. Grocery
chains showed smaller dollar volumes than in August,
but as compared with a year ago sales were larger.
Reports from shoe, wearing apparel, and cigar chains
showed larger business than in August, while candy
and drug chains showed declines.

PRICES

EMPLOYMENT

The general index of wholesale prices averaged
higher than in either the previous month or September
of last year. All major groups showed higher average
prices than in August except hides and leather, textiles, fuels, building materials, chemicals, and house
furnishings, which showed no change. As compared
with a year ago, all groups were generally higher
except textiles, chemicals, house furnishings, and
sundry miscellaneous items, which declined. Classified by state of manufacture, all groups were higher
than in either the previous month or September, 1927,
except semimanufactures, which showed no change
from August and a decline from September of last year.

The general index of factory employment showed
a gain over the preceding month, but was still below
the level of the corresponding month of last year.
This index, it is to be noted, does not include any of
the newer industries, such as a'ircraft, radio, rayon,
etc., where employment conditions are known to be
good. Compared with the previous month, all industries, for which data are available, showed larger
employment except lumber, leather, and stone, clay,
and glass, which showed no change. Contrasted
with a year ago, all groups showed smaller employment except iron and steel, nonferrous metals and
vehicles, which showed gains.

FACTORY EMPLOYMENT, BY GROUPS
[1923 monthly average = 100. September, 1928, is latest month plotted]

1923

1924

1925

1926

1927

1928

The index of prices received by farmers for their
produce also showed a gain over both the previous
month and September, 1927. Declines from both
the previous month and a year ago were registered,
however, in prices for grains, fruits and vegetables,
and cotton. Certain unclassified items also showed
declines from both the previous month and September
of last year.
The cost-of-living index showed a gain over the
previous month but no change from September of
last year. All groups showed higher average prices
than in August except shelter, light and sundries,
which showed no change. Compared with a year
ago, increased prices for food and clothing balanced
declines in shelter, fuel and light, and sundries.



1923

1924

1926

1926

1927

1928

Factory pay-roll payments in September showed a
substantial gain over both the previous month, and
for the first time in months, over the corresponding
period of the preceding year. As compared with
August, all industrial groups showed larger pay-roll
payments except iron and steel, which showed no
change, and stone, clay, and glass, which showed a
decline. The principal increase in wage payments
over the previous month was recorded in tobacco
factories. As compared with September of last year,
increased pay-roll payments in vehicle, nonferrous
metal, iron and steel, and paper and printing factories
were more than sufficient to offset declines in textiles,
food products, lumber, leather, stone, clay, and glass,
and tobacco factories.

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
(Relative numbers, 1926 monthly average taken as 100. September, 1928, islatest monthfplotted. Data from which these charts are drawn are given on the opposite page}

160

WHEAT, WINTER

FLOUR, WINTER

CATTLE,STEERS

BEEF, CARCASS

CORN, NO. 2

OATS

140
1-20

100"
80
180

HOGS,

HEAVY

HAMS, SMOKED:

ISO
140
120

100
80
60
SUGAR, RAW

120

SUGAR,
I

GRANULATED

COTTONSEED OIL

RUBBERvCRUDE"

100
80
'3.4 43*4*

60
COTTON, RAW

COTTON Y A R N

COTTON PRINT CLOTH

WOOL, !/4 BLOOD COMBING

WORSTED YARNS

SILK, RAW

HIDES, PACKERS

LEATHER, SOLE, OAK

LEATHER,CHROME CALF

PETROLEUM

BITUMINOUSCOAL

COKE

TIN

ZINC

CEMENT.

BRICK. COMMON,

140
120

100
80
190
160
130

100
7Q'
180
140

100
60
120

COPPER

PIG IRON, FOUNDRY

INGOTS

100
80
60
120

LUMBER, PINE, FLOORING

STEEL BEAMS

100
80
60




m m fi

o

z

Q

^

I =i

!

1927.

1928,

WHOLESALE PRICES FOR SPECIFIED COMMODITIES
* iVoiE. — Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics, nonferrous metals
romthe Engineering and Mining Journal- Press, except tin, which is from the American Metal Market. All other prices are from U. 8. Department of Labor, Bureau of
Labor Statistics. So far as possible all quotations represent prices to producer or at mill.
RELATIVE PRICE
ACTUAL PRICE

(dollars)

1926 average -100

Unit

COMMODITIES

September, 1928

September, 1927

0.952
.982
.731
.188
36.87
.0951
.1001
.1188

0.944
.951
.648
.176
30.98
.0996
.1117
.1197

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

87
147
42
139
144
142
82
106

71
141
39
125
136
147
85
103

70
136
35
117
114
154
95
103

91
140
79
113
95
112
78
96

88
136
58
149
127
115
83
96

1.210
1.332
.974
.390
.730
.984
11. 580
.193
.54
15. 106
11. 706
5.719
14. 313

1.201
1.395
.993
.425
.673
.998
7.871
.185
.54
16. 188
12. 431
5.500
14. 156

1.323
1.315
.990
.491
.829
.973
15. 594
.218
.45
13. 313
10. 850
5.188
13. 563

84
99
142
143
120
118
107
123
120
157
88
82
111

78
86
128
91
105
103
137
110
117
159
95
87
105

78
91
131
99
97
105
93
105
117
170
101
83
103

92
91
143
111
116
102
186
116
96
132
75
85
99

85
85
131
114
120
102
184
125
98
140
88
79
99

6.619
5.656
.041
.055
.094
.244
.260
.249
.47
.215

6.588
5.650
.042
.056
.099
.259
.284
.254
.49
.220

7.069
6.644
.048
.058
.107
.191
.213
.224
.46
.239

87
89
97
104
85
139
146
77
100
94

79
78
95
100
80
149
152
81
104
94

78
78
97
102
84
158
166
83
109
96

90
93
104
102
84
113
117
76
93
94

84
92
110
106
91
116
125
73
102
105

Pound
Yard
Yard
Pound
Yard
Yard
Yard
Pound
Dozen pair.

.369
.075
.091
1.600
1.025
2.008
1.998
4.851
10. 290

.358
.074
.089
1.575
.988
2.008
1.998
5.096
10. 290

.406
.089
.110
1.375
.975
1.9ft
2.048
5.096
10. 780

107
105
99
112
99
100
95
78
85

103
99
98
112
99
100
92
78
85

100
98
96
110
96
100
92
82
85

108
111
106
94
94
95
95
83
89

113
119
118
96
94
95
"
95
82
89

Pound
Pound
Square foot.
Pound
Pair
. Pair

.236
.275
.565
.670
6.750
5.000

.246
.275
.565
.650
6.750
5.000

.224
.210
.510
.530
6.500
5.000

170
160
125
153
106
102

168
159
125
153
106
102

175
159
125
148
106
102

153
122
113
121
100
102

160
121
113
121
102
102

Net ton....
Net ton....
Long ton...
Short ton ._
Barrel

4.009
4.388
12. 853
2.875
1. 210

4.019
4.495
13. 040
2.875
1.210

4.274
5.012
13. 353
3.000
1.198

92
90
94
68
63

93
92
93
70
64

93
94
95
70
64

99
102
96
75
61

99
105
97
73
64

Long ton...
Long ton...
Long ton...
Pound
Pound
Pound
Pound . _
Pound

18. 260
16.000
32. 000
.1453
.193
.0625
.4801
.0625

18. 635
16. 188
32.000
.1472
.194
.0645
.4807
.0625

19. 260
17. 063
33.000
.1294
.183
.0630
.6149
.0621

89
86
91
105
101
74
72
85

89
86
91
105
101
74
74
85

90
87
91
107
102
77
74
85

94
93
94
94
96
79
99
86

93
92
94
94
96
75
94
85

M feet
Thousand..

36.34
13.50

37.73
12.50

37.49
11.75

80
82

81
82

84
76

84
71

83
71

BarreL
Cwt
Pound ....
Ton
Cwt
Cwt

1.600
1.850
.193
15. 500
2.525
3.250

1.600
1.850
.182
15.500
2. 525
3.250

1.600
1.825
.338
15.000
2.600
3.250

97
95
40
107
88
94

97
95
40
107
88
94

97
95
38
107
88
94

97
92
72
103
91
94

97
93
70
103
91
94

August,
1928

July,
1928

August,
1928

Septem- August, September, 1928 1927 ber, 1927

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

Bushel
Bushel
Bushel
Pound
Ton
Pound
Pound
Pound

.
. . ...
.

. . .
...

...

....
..

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

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
Cwt
Pound ._
Pound ....
Cwt
Cwt
Cwt
Cwt

FOOD
Flour standard patents (Minneapolis)
Flour, winter straights (Kansas City) .. _ .
Sugar 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
...
Cottonseed oil, prime yellow (New York)
Beef, fresh, carcass, good native steers (Chicago) .
Beef, fresh, carcass, steers (New York)
Pork, smoked hams (Chicago)
..
.
Butter, creamery, 92 score (New York) .
Oleomargarine standard, uncolored (Chicago)

Barrel
Barrel ....
Pound
.
.
Pound
.
Pound... .
Pound
. ... .....
..
Pound... .
...
Pound... .
.
.._ Pound... .
Pound
.

TEXTILES
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) .
Cotton-print cloth, 64 x 60-38H"-5.35— yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Woman's dress goods, French, 39 inches at mills, serge
Suitings, unfinished worsted — 13-ounce. mill
.
Suitings, serge, 11 -ounce, 56-58 inch- _ ..
. . . . ... . .
Silk, Japan, 13-15
Hosiery, women's, pure silk, mill
LEATHER
Hides, green salted, packers' heavy native steers (Chicago)
.
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
.
Leather, chrome calf, dull or bright "B" grades (Boston)
. .
Leather, sole, oak, scoured backs, heavy (Boston)
....
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis)..
.
FUEL
Coal, bituminous, mine-run (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, Straits (New York)
Zinc, slab, western (St. Louis)

.

BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellowflooring,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, smoked sheets, New York
Sulphuric acid, 66° (New York)
Wood pulp, sulphite, domestic, unbleached, news grade (New York)..
Newsprint, rolls, contract, mill
._ .
_ ._ _




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




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

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

REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

Wool receipts at Boston in September were considerably smaller than in either the previous month or
September of last year. Wool imports, however, were
somewhat larger than in the previous month but
showed a decline from a year ago. Consumption of
wool was greater than in August but smaller than last
year. Prices for wool and woolens were generally
higher than a year ago.
Consumption of cotton by textile mills showed declines from both the preceding month and September
of last year. For the first nine months of the year,

duction of print goods was greater in September than
in either previous comparable period.
Silk imports were smaller than in either the previous
month or the same month of last year. Silk deliveries
to consuming establishments also showed declines from
both periods. Silk stocks held at warehouses at the
end of September were lower than a year ago, while
stocks at manufacturing plants were higher. More
broad looms and spinning spindles were active than in
August but narrow looms showed a decline. Compared
with a year ago, broad looms and narrow looms were
more active, while spindles showed a decline. The

THE TEXTILE INDUSTRIES
[Relative numbers, monthly average, 1923-1925, taken as 100. Where available, September, 1928, is latest month plotted]

100

1923

1924
1925
1926
1927
CONSUMPTION OF RAW FIBERS

40 l _ : j _ . j . LUJLJ.

1923

1928

1923

1924

1925
1926
SPINDLE ACTIVITY

1927

1923

1924

1925
1926
WHOLESALE PRICES

1927

1928

^L^L,!^!^!

1924

1925
1926
1927
STOCKS OF RAW FIBERS

1928

cotton consumption was almost 15 per cent smaller
than in the corresponding period of 1927. Stocks of
cotton held at the end of September, both at mills and
in public storage, were 34 per cent smaller than a year
ago. Exports of raw cotton showed gains over both
the previous month and the same month of last
year. Cotton prices averaged lower than in either
prior period.
The activity of cotton spindles was lower than in
either the preceding month or September a year earlier,
but reduced to a ratio to capacity, spindle activity in
September was higher than in August. Production of
cotton textiles showed declines from both periods.
Prices of cotton goods averaged lower than in either
the previous month or September of last year. Pro2
 18248—28


price of raw silk averaged higher than in the previous
month but showed no change from a year ago. Prices
for silk goods were generally unchanged from the previous month but showed a decline from last year.
Imports of rayon were considerably smaller than in
either the previous month or the corresponding month
of last year. Kayon prices were unchanged from
either period.
Textiles spread with pyroxylin showed a decline
from the previous month but a considerable gain over
a year ago. Unfilled orders for pyroxylin-coated textiles at the end of September were larger than at the
end of either the previous month or the same month
of last year. Sales of fur by dealers showed declines
from both the preceding month and September, 1927.

10
METALS

Shipments of iron ore in September were smaller
than in August, but considerably greater than a year
ago. Pig-iron production, though showing a decline
from the previous month, was considerably greater
than in September of last year. More pig-iron furnaces were in blast at the end of September than at
the end of either prior period. Wholesale prices for
pig iron averaged higher than in August, but Mrere still
generally lower than a year ago.
The output of steel ingots, although showing a
slight decline from the previous month, was 27 per
cent greater than in September of last year, while for
the first nine months of the current year steel-ingot

Structural-steel orders in September, although declining from the previous month, were considerably
larger than a year ago, while for the first nine months
of the year new orders for structural steel were 12 per
cent larger than in the same period of 1927.
New orders for machine tools were larger than in
either the previous month or September of last year.
New orders for electric hoists also showed gains over
both periods. New orders for woodworking machinery,
although showing a slight decline from August, were
considerably larger than a year ago. New orders for
foundry equipment were more than twice as large as in
September of last year. Sales of mechanical stokers
were more than 50 per cent greater than a year ago.

THE METAL INDUSTRIES
Relative numbers, monthly average, 1923-1925, taken as 100. September, 1928, is latest month plotted. Curve covering zinc stocks is plotted from 12 months' moving
monthly averages plotted on the end month]

EXPORTS. REFINED
PRODUCTION

\

100

f

A
&=

--..7
7

,
COPPER

,l,i

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

1923

1924

1925

1926

J927

1928

production showed a gain over the same period of last
year, amounting to more than 9 per cent. Unfilled
steel orders at the end of September were larger than
at the end of either the preceding month or the same
period of 1927. The production of steel sheets by
independent manufacturers showed a decline from
August but was 44 per cent larger than a year ago,
while for the first nine months of the year the output
of sheets showed a gain of almost 15 per cent over the
same period of last year.
Production of steel castings showed a decline from
August, but was greater than a year ago. New orders
for steel castings, however, showed gains over both
periods.



Shipments of motorized fire-fighting equipment were
greater than in either the previous month or September
of last year. Shipments of electrical industrial trucks
and tractors also showed gains over both periods.
The mine production of copper showed gains over
both the previous month and September of last year.
For the calendar year to date the smelter production
of copper was about 5 per cent greater than in the same
period of last year. The wholesale price of copper
averaged higher than in either the previous month or
the same month of last year. Exports of refined copper were smaller than in either prior period, but for
the calendar year to date copper exports were 8 per
cent larger than in the first nine months of 1927.

11
FUELS

The output of bituminous coal in September was
smaller than in either the preceding month or the
same month a year ago. The production of bituminous during the first nine months showed a decline
of 10 per cent from the corresponding period of last
year. Anthracite production also showed declines in
September from both the previous month and September, 1927. The total production of coke showed
practically no change from the previous month, but was
substantially greater than in September of last year.

month of 1927, but for the first nine months of the
year total imports were 24 per cent larger than during
the same period of 1927. Prices of cattle hides and
calfskins averaged higher than in September of last
year. The output of sole leather was smaller than in
either the previous month or the same month of 1927.
Exports of sole and belting leather, although declining
from the previous month, were slightly larger than a
year ago. Prices for leather showed only slight
change from the previous month, but were generally
higher than in September, 1927.

THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, September, 1928, is latest month plotted]

192!

1921

1928

1922

1923

1924

1925

1926

1927

1922

1923

1924

1925

1926

19:

1928

AUTOMOBILES AND RUBBER

The total production of automobiles, both passenger cars and trucks, was smaller than in August, but
was about 59 per cent greater than in September, 1927.
For the first nine months of the current year production of almost 3,500,000 vehicles represents an increase
of about 20 per cent over the same period of last year.
Shipments of accessories and parts in September were
considerably greater than a year ago.
Shipments of pneumatic tires during August were
considerably greater than in either the previous month
or August a year ago. For the first eight months
of the year domestic shipments of pneumatic tires by
manufacturers were 16 per cent larger than in the
same period of 1927.
HIDES AND LEATHER

Imports of hides and skins in September were

smaller
than in either the previous month or the same


1921

The production of shoes was smaller than in August,,
being lower also than a year ago. For the calendar
year to date shoe output was about 1 per cent lower
than in the same period of 1927. Prices for shoes
were generally higher than a year ago, but showed no
change from the previous month.
PAPER

Production of newsprint paper showed declines in
September from both the previous month and the
same month of last year, while for the first nine months
of the year the domestic output of newsprint was 8 per
cent smaller than in the same period of 1927. Canadian production of newsprint during the same period
showed a gain of 14 per cent over the first nine months
of 1927.
Imports of pulp during the first nine months of the
year were larger than in 1927.

12
BUILDING AND CONSTRUCTION

Building costs were generally higher than in either
the previous month or September a year ago. Prices
for building materials, though showing no change from
the previous month, were generally lower than a year
ago. The value of new building contracts awarded
was considerably larger than in either the preceding
month or September a year ago, while for the first nine
months of the year building awards was 7 per cent
greater than during the same period of 1927. Fire losses
in the United States and in Canada were smaller than in
either the previous month or September a year ago, with

prices for softwoods averaged higher than in the previous month, but were lower than in September, 1927.
STONE AND CLAY PRODUCTS

The production of face brick averaged higher than
in either the previous month or September a year ago,
with shipments showing similar comparisons. Prices
for common brick averaged lower than in August but
were higher than a year ago. New orders for procelain
plumbing fixtures were lower than in August. New
orders for terra cotta showed declines from both the
previous month and the same month a year ago.

THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. September, 1928, is latest month plotted where data were available]

COAL PRODUCTION
1923

1924

1923

1924

.I..IM..IJ.I.
1925

1926

1927

1928

1923

1924

1925

1926

1927

1928

1925

1926

1927

\_L92S

1923

1924

1925

1926

1927

1928

the total for the first nine months of the year recording a
decline of 8 per cent from the same period of last year.
LUMBER AND LUMBER PRODUCTS

The output of southern pine lumber was smaller
than in either the previous month or September a year
ago. Douglas-fir production also showed declines from
both periods. The production of northern pine,
although declining from August, was greater than in
September, 1927. The output of California white
pine, California redwood, and North Carolina pine was
smaller than in either the previous month or the same
month a year ago.
The production of oak flooring, although smaller
than in August, was greater than a year ago. Mapleflooring production, however, showed declines from
both periods. Prices for hardwoods averaged lower
than in August, declining also from a year ago, but


The production of Portland cement, though declining from August, was larger than a year ago, while for
the first nine months of the year, cement output
showed a gain of 2 per cent over the same period of
last year. Cement stocks were about 20 per cent larger
than a year ago. Prices for cement averaged lower
than in either the previous month or the same month
of 1927.
New awards for concrete paving were lower than in
August but considerably larger than a year ago, while
for the year to date, concrete paving awards, measured
in area, were 23 per cent larger than in the same period
of 1927.
The output of polished plate glass in September was
smaller than in the preceding month but greater than
a year ago, with the total for the first nine months of
1928 showing a gain of about 6 per cent over the corresponding period of last year.

13
FOODSTUFFS AND TOBACCO

The visible supply of wheat, both in the United
States and Canada, was greater than a year ago.
Receipts of wheat at principal markets, however, were
smaller than last year, with shipments making a similar
comparison. Exports of wheat and flour were lower
than a year ago. Prices for winter wheat were generally higher than last year, while spring wheat prices
averaged lower. The visible supply of corn at the
end of September was 72 per cent smaller than a
year ago. Receipts and shipments of corn at principal markets were smaller than in September a year
ago.
Exports of corn, including meal, were greater
than a year ago. Prices of corn averaged higher than
in the previous month but showed no change from
last year.

Receipts and shipments of hogs at primary markets
were larger than in September, 1927. The inspected
slaughter of pork products was smaller than a year
ago.
Cold-storage holdings of pork at the end of
September showed a substantial decline from the corresponding period of last year. Prices for hogs and
pork products averaged higher than in either period.
Receipts and shipments of sheep were larger than a
year ago. The production of lamb and mutton under
Federal inspection showed only slight changes from
a year ago. Storage holdings at the end of the month
were substantially larger than a year ago. Prices
for sheep and lamb averaged lower than in the previous month but were higher than in September of last
year. Receipts of poultry at the principal markets
showed a decline from a year ago, while storage

THE TOBACCO INDUSTRIES
[Relative numbers, monthly average, 1923-1925 taken as 100. Where available, September, 1928, is latest month plotted]

UNMANUFACTURED TOBACCO

CIGARS
1111111111 11111111111
1926

The visible supply of oats was smaller than a year
ago but for barley was considerably larger. Receipts
of oats in principal markets showed a decline from last
year. Exports of both oats and barley were larger
than in September, 1927. Prices for oats averaged
higher than in August but were lower than a year ago,
while prices for barley averaged lower than in either
period.
Receipts and shipments of cattle at primary markets
were larger than in either the preceding month or
September of last year. The production of inspected
slaughter of beef was smaller than in September, 1927.



holdings showed a small gain. Fish held in cold
storage showed a gain over a year ago. Receipts of
butter at the principal markets, though declining
from August, showed a gain over last year. Storage
holdings of creamery butter were considerably smaller
than a year ago. Prices for butter averaged higher
than in either the previous month or September a
year ago. Receipts of cheese were considerably
lower than last year, but storage holdings were greater.
Receipts of eggs were larger than in September, 1927.
Storage holdings of eggs at the end of the month were
also greater than a year ago.

14
TRANSPORTATION

Oar loadings in September were 2 per cent larger
than in the same month of last year, but for the first
nine months of the year loadings were more than 2
per cent smaller than in the same period of 1927.
Traffic through the Sault Ste. Marie Canals, although
lighter than in August, was 19 per cent greater than
ia year ago. Traffic through the New York State
Canals and the Cape Cod Canal was also greater than
a year ago. Vessels clearing American ports showed
larger tonnages than in September of last year.

period a year earlier; Deposits in New York State
sayings banks continued to expand, the increase over
a year ago amounting to more than 6 per cent.
DISTRIBUTION MOVEMENT

Sales of mail-order houses and 10-cent chain stores
showed larger dollar volumes than in either the previous month or in September, 1927. Magazine advertising was greater than in either period, while
newspaper advertising, although showing a gain over
August, was fractionally lower than in September,

WHOLESALE TRADE
[Relative numbers, monthly average 1923-1925 taken as 100. September, 1928, is latest month plotted. Curves are adjusted for seasonal variation]

1923

1928

1924

HARDWARE AND FURNITURE
I I I I II 1 I I II I II I I I I ! I I I I i I I I I II I I II I I I t I t I

1924

1925

1926

1927

BANKING AND FINANCE

Check payments outside of New York City were
larger than in either the previous month or September
a year ago, with the total for the first nine months of
the year showing a gain of 8 per cent over the same
period of 1927. Loans and discounts of Federal
reserve member banks showed expansion as compared
with both the preceding month and September a year
ago. Bills discounted by the Federal reserve banks
were smaller than in August but more than twice as
large as a year ago. The Federal reserve ratio was
lower than in either the previous month or September
of last year. Interest rates on both time and call
loans averaged higher than in either the previous
month or the same period of last year. New sales of
life insurance were greater than in either prior period,
while for the first nine months of the year, life-insurance sales were 9 per cent larger than in the same



I i i ! i i I l i I . i I i i I i i I l

1923

1924

I I I M I I I I I I I 1 I I 1 I I

1927

1928

1927. Postal receipts were larger than in August.
Air mail continued to show growth, larger weights
being transmitted than in either the preceding month
or the corresponding month of last year. Dividend
and interest payments scheduled for distribution in
October were greater than in either the previous month
or the same month of last year. Dividend and interest payments for the first 10 months of the year
showed a gain of 5 per cent over the same period of last,
year.
GOLD, SILVER, AND FOREIGN EXCHANGE

Receipts of domestic gold at the mint were smaller
than in either the previous month or September a year
ago. The Rand output of gold, though showing a
decline from August, was greater than a year ago.
During September gold imports were larger than
exports in contrast with a considerable export balance
during the same month a year earlier. Silver produc-

15
tion showed declines from both the previous month
and the same month of 1927. Silver prices averaged
lower than in August, but were higher than a year ago.
Exchange on the principal foreign currencies showed
only small changes from August, with the exception of
an increase in the Japanese yen. Contrasted with
last year, the principal changes were downward, declines occurring in the Italian lira, the Swedish krone,
the Japanese yen, and the Argentine peso.

Ohio Valley district is estimated to show a decline of
9 per cent, the decrease of almost 120,000 cars for
poultry and dairy products being more than sufficient
to offset estimated increases in other lines. The
central western district shows an estimated decline
from a year ago of a little more than 2 per cent.
The greatest relative increase in loadings is estimated for the Allegheny district, with almost 16 per
cent, due largely to greater coal and coke loadings.
The next largest increase is shown for the southwest
district, where a relative gain of 12 per cent is anticipated. Gains of 3 per cent or more are expected in
New England, the Atlantic States, the Allegheny
district, the Great Lakes region, the southeast, the
mid-west, the northwest, Trans-Missouri-Kansas,
and the southwest districts.

PROSPECTIVE CAR LOADINGS, FOURTH QUARTER
OF 1928

Commodity loadings by railroads in carload lots for
the fourth quarter of 1928 are estimated by the
regional advisory boards set up by the American
Hailway Association at 4.9 per cent above the same
period of 1927. These estimates are compiled from
detailed reports obtained from shippers, as first described in the August, 1927, issue of the Survey of
Current Business, page 20, and are comparable to
similar data published quarterly since that time. The
^various economic districts set up by these boards are
shown in the accompanying chart.
Estimated loadings of all commodities for the last
quarter of 1928 will be greater than a year ago except
for potatotes, livestock, poultry and dairy products,
sugar and sirups, in each of which declines of about 3
per cent are estimated. The largest numerical increase
over a year ago was estimated for coal and coke, while
the greatest relative increase is seen for automobiles.
In only 2 out of the 13 districts are decreases estimated from the corresponding quarter of 1927. The

REGIONAL ADVISORY BOAKD DISTRICTS

PROSPECTIVE CAR LOADINGS, FOURTH QUARTER OF 1928
COMPARED WITH ACTUAL LOADINGS SAME QUARTER OF 1937
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of cars
COMMODITY GROUPS

Actual
1937

Estimated
1938

Per
Number of cars Per
Number of cars Per 1 Number of cars Per
cent
cent !
cent
cent
inc.
inc.
inc.
inc. i
EstiEstiEsti)
(+)
(+)
<+>
Actual mated or(tdec.
i Actual mated
mated
or dec. Actual
or
dec.
or
dec.
1927
1927
1927
1938
1928
1928
(-)
(-)
(-) |
(-)
District No. 13
NEW ENGLAND

ALL DISTRICTS

11 Grain, all

468, 325

508, 544

249, 852
Flour, meal, and other mill products
_
266, 693
84, 687
Hay, straw, and alfalfa
85, 108
Cotton. _
150,092
181, 235
99, 107
Cottonseed and cottonseed products, except oil
107, 060
26,373
Citrus fruits
.
.
32, 569
124, 597
Other fresh fruits
141, 566
111,954
Potatoes
_
108, 732
Other fresh vegetables
55,806
56, 148
Livestock
_
441, 685
431, 183
26, 349
111 Poultry and dairy products
25, 657
3, 033, 956 3, 157, 032
112 Coal and coke
352,
274
.
__
385,
731
.13 Ore and concentrates __
859, 574
14 Clay, gravel, sand, and stone l
876, 980
115 Salt —
17,430
18,071
12
3
•4
,5
6
,7
8
9
710

il6
.17
,18
;19
:20
;21
:22
.23
.24
:25
:26
27
28
:29

Tjiimbftr and fnrp.st prndnnts

Petroleum and petroleum products
Sugar, sirup, glucose, and molasses
_.
Iron and steel ..
Castings, machinery, and boilers
.
Cement
Brick and 'day products
Lime and plaster
Agricultural implements and vehicles (other than
automobiles)
Automobiles, trucks, and parts ..
Fertilizers, all kinds...
_
Paper, printed matter, and books
Chemicals and2 explosives
Canned goods
Total, all commodities listed

880, 598
556, 717
52, 112
361, 805
55, 516
180, 894
166, 604
54, 824

901,029
595, 121
50, 619
388, 280
58,569
188,004
162, 120
56,053

30, 620
32, 825
152, 150
197, 116
61, 371
65, 267
78, 932
83, 475
62, 221
67, 220
51, 448
51, 465
8, 838, 477 9, 279, 472

* Including crude and powdered gypsum.



+8.6
+6.7
+.5
+20.7
+8.0
+23.5
+13.6
-2.9
+.6
-2.4
-2.6
+4.1
+9.5
+2.C
+3.7
+2.3
+6.6
-2.9
+7.3
+5.5
+3.9
-2.7
+2.2

2,960
2,794
1,130
1,383
12
123
4,780
14, 582
544
1,349
139
24, 535
98
13, 979
63
32,697
22, 124
2,011
3,851
5,716
3,004
3,328
3,375

2,664
2,515
565
1,383
12
120
4,780
14,600
544
1,282
139
26, 989
100
13, 979
60
32,700
24, 778
2,000
4,236
6,002
3,304
2,829
3,038

+7.2
+29.6
+6.3
+5.8
+8.0

754
1,445
2,326
11, 906
2,408
2,095
165, 511

750
1,589
2,326
12, 501
2,450
2,095
170, 330

+4.9
2

-10.0
-10.0
-50.0

-5.0
+10.0

+12.0
+10.0
+5.0
+10.0
-15.0
-10.0
+10.0

+5.0
+1.7
+2. 9

District No. 8
ATLANTIC STATES
33, 965
14, 197
9,728

33, 960
14, 190
9,720

21, 991
14, 821
13, 113

27, 489
16, 674
11, 802

398, 264
24, 689
107, 164

434, 108
24, 680
107, 378

+9.0
+.2

33,983
75, 177
9,820
67,823
13,804
54,006
23, 856
17, 918

31,434
82, 695
10, 115
72, 910
15, 184
54,000
23,850
17, 201

-7.5
+10.0
+3.0
+7.5
+10.0

8,365
10, 038
7,302
10, 719
18,368
20,756
16,070
16,874
13,061
12,016
997,485 1,057,793

+25.

0;

+12. 51
-10.0

-4.0

District No. 9
ALLEGHENY
1,735
4,498
1,033

1,336
4,498
981

-23.0

5,530
680
830
3,346

5,143
714
747
3,346

-7.0
+5.0
-10.0

710,843

848, 036

+19.3

71, 705

75, 147

+4.8

13, 533
19, 376

14,453
20, 945

+6.8
+8.1

132, 151
7,236
8,478
31,437
3,303

144, 177
7,706
9,818
32, 537
4,327

+9.1
+6.5
+15.8
+3.5
+31.0

4,657

4,871

+4.6

+20.0
2,335
+46.8
2,316
2,682
+13.0
2,226
10, 265
+5.0
7,830
-8.0
1,757
1,794
+6.0 1, 034, 500 1,195,858

Also includes catsups, jams, jellies, olives, pickles, preserves, etc.

-5.0

4-. 8
+20.5
+31.1
+2.1
+15.6

16
PROSPECTIVE CAR LOADINGS, FOURTH QUARTER OF 1928—Continued
COMPARED WITH ACTUAL LOADINGS, SAME QUARTER OF 1937
(As reported by commodity committees, regional shippers' advisory boards, and compiled by American Railway Association)
Number of
cars

Number of
Per
cars
cent
inc.
Esti- ori~
EstiEsti- or(+)
dec. Actual mated
dec. Actual mated
Actual mated
1927
1937
1927
(-)
(-)
1998
1938
1938

COMMODITY GROUPS

Per
cent
inc.
( }

District No. 2
GREAT LAKES

1

2
3
4
5

37,080 39,000 +5.2
32, 975 35, 760 +8.4
11, 265 12, 524 +11.2

Grain, all.Flour, meal, and other mill products
Hay, straw, and alfalfa.Cotton
Cottonseed and products, except oil

Citrus fruit
Other fresh fruits
_._
8 Potatoes
9 Other fresh vegetables
10 Livestock
6

6,244
3,329
4,904
13,892

+.9
6,300
4,000 +20.2
2,700 -45.0
13, 295 -4.3

Number of
cars

District No. 6
SOUTHEAST^
4,960
14, 670
2,709
63,062
53, 066

4,960
14, 670
2,709
69,368 ~+I6.o
61,026 +15.0

14, 869
6,489
1,617
4,441
12, 898

18, 586 +25.0
10, 577 +63.0
1,294 -20.0
4,508 +1.5
13, 543 +5.0

11
12
13
14
15

Poultry and dairy products
Coal and coke
Ore and concentrates
Clay, gravel, sand, and stone 2
Salt

19,014 20,000 +5.2 153, 091 148, 544
80, 186 106,000 +32.2 34, 532 36, 547
81, 820 85, 000 +3.9 142, 903 141, 639
10, 450 10, 880 +4.1

16
17
18
19
20

Lumber and forest products. . .
Petroleum and petroleum products
Sugar, sirup, glucose and molasses
Iron and steel
Castings, machinery, and boilers

16,237
18, 122
2,591
49, 144
9,212

16, 250
18, 465
2,409
49, 326
9,310

+.1 303, 702 313, 813 +3.3
+1.9 56, 093 61, 702 +10.0
-7.0
6,891
6,891
+.4 24,550 27,005 +10.0
2,492 +4.0
2,396
+1.1

21
22
23
24

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

9,772
10, 385
8,469

10,000
10, 657
8,513

+2.3
+2.6
+.5

19,324
25, 453
5,376

20, 097
25,453
5,645

+4.0

6,612

6,714

+1.5

2,098

2,203

+5.0

25
26
27
28
29

Automobiles, trucks, and parts
Fertilizers, all kinds
Paper, printed matter, and books __
Chemicals and3 explosives
Canned goods

90, 492 111,615 +23.3
1,350 +1.5
1,330
9,600
9,586
+.1
11, 478 12,200 +6.3
3,550 +10.0
3,228

1,017
36, 198
2,376
9,204
2,216

Total, all commodities listed

District No. 5
TRANS-MISSOURIKANSAS
1
2
3
4
5

Grain, all. _
Flour, meal, and other mill products
Hay, straw, and alfalfa
Cotton. _.
Cottonseed and products, except oil

6
7
8
9
10

Citrus fruits
Other fresh fruits
Potatoes
Other fresh vegetables
Livestock.. .

11
12
13
14
15

Poultry and dairy products
Coal and coke
Ore and concentrates
Clay, gravel sand and stone 2
Salt

16
17
18
19
20

Lumber and forest products

Pp.t.rolanm and pftt.rolp.um prnrJiir.ts

51,004
51, 787
11, 176

75,000 +47.0
59, 555 +15.0
12,000 +7.4

2,162
755
328
67, 172

2,380 +10.1
1,200 +58.9
360 +9.8
66,700
—.7

5,351
61, 222
6,878
45, 709
5,885

5,085 -5.0
63, 750 +4.1
5,850 -14.9
45,000 -1.6
6,000 +2.0

_. 32, 300 31,500

Sugar, sirup, glucose, and molasses
Iron and steel
Castings, machinery, and boilers

21
22
23
24

Cement
._
_.
Brick and clay products
Lime and plaster
Agricultural implements and vehicles,
other th^n avttnmnbilfis

25
26
27
28
29

Automobiles, trucks, and parts
Fertilizers all kinds
Paper, printed matter, and books
Chemicals and explosives
Canned goods 3
Total, all commodities listed _
1
Account hurricane items 16,19, 21, 22, and
2
Including crude and powdered gypsum.
3

65, 541

5,821
1,420
14, 746
15,002
3,369

68,817

+5.0

30, 222 55, 910 +85.0
16, 916 18, 608 +10.0
4,315
4,315
82, 680 107,484 +30.0
44, 522 44, 522

23,388
1,143
62, 591

563 +30.0
3,132 +20.0
908 -20.0
1,150 +5.0
48, 405 +5.0
24, 557
1,143
62, 591

+5.0

-2.5 93, 703 103, 073 +10.0
+5.0 182, 667 191,800 +5.0
+1.4
-1.4

6,006
4,765
1,208

6,006
5,003
1,268

16, 515 +12.0
9,810 -34.6
4,000 +18.7

9,191
8,264
5,296

9,650 +5.0
9,503 +15.0
5,296

5,900
1,400

+5.0
+5.0

1,302

1,400

+7.5

524

576 +10.0

8,034

8,200

+2.1

239
682
234
1,842
1,070

311 +30.0
682
234
1,842
1,123 +5.0

456, 964 490, 422

49, 770 +18.0

3,380

2,800 -17.1

26, 012

25,000

District No. 1
MID-WEST
78, 695
45, 153
11,893

Per
cent
inc.
(
±>
order.
(-)

District No. 3
NORTHWEST

86,200 +9.5 113,468 102, 122 -10. 0
47,400 +5.0 40,400 43,000 +6.4
9,500 -20.1
5,881
5,881

3,674
8,000 +117. 7
6,070 11,000 +81.2
5,872
5,000 -14.9
-3.9 115, 900 106, 600 -8.0

3,197

3,250

+1.7

510
22, 541
2,339
64, 555

510
22,000
2,339
63, 264

-2.4
-2.0

18,012

19,000

+5.5

19, 565
12, 985

17, 665
6,800
10, 231

+9.9
+5.0

20,025
2,280
1,425
2,800
840

+6.3
+5. a
+8.0
+9.4

21, 255 +10.0
29,000 +1.2
7,420 +5.0

2,035
2,381
318

1,850
2,381
318

-9.0

13,208

14,700 +11.3

1,465

1,611

+10. 0

22, 582
3,554
18,000
9,589
11, 953

37,260 +65.0
3,500 -1.5
18,200 +1.1
9,700 +1.2
+.4
12,000

297
556
2,137
354
1,081

1,485 +400. a
556
1,781 -16. 6
354
1,103 +2.6

85,000
42,700
8,327
51,600
13, 937

21,000 +7.3
11, 200 -13.7

19, 323
28, 659
7,070

22, 661 +28.3
6,200 -8.8
9,838 -3.8

-9.1 1,278,383 1,366,449

District No. 10
CENTRAL- WESTERN
50, 032
12, 638
9,926

37, 200 -25.6
12, 600
10, 500 +5.8

9,042
40, 078

8,400 -7.1
30,000 -25.1

63, 994

64,000

+7.4
+9.9

18,836
2,171
1,320
2,560
840

79, 161
38,836
8,327
46, 947
13, 274

+6.9 480, 265 495, 569

District No. 11
PACIFIC COAST

+3.2

District No. U
PACIFIC NORTHWEST

4,760
7,032
6,842
2,967
1,507

5,425 +14.0
8,012 -13.9
8,000 +16.9
3,000 +1.1
1,500

10,948
39, 029
2,528
20, 459
22,580

13,300 +21.5
35, 550 -8.9
2,600 +2.8
23,280 +13.8
22,000 -2.6

3,229
3,380 +4.7
95, 138 107, 600 +13.1
13, 726 14, 000 +2.0
17, 110 16, 780 -1.9
721
820 +13.7

1,543
10,472
29, 882
54, 777

1,690
10,472
31,000
55,000

+9.5

6,000 +14.6
31,300 +9.2
7,200 -20.0
2,500 +2.8

61,287
39,915
6,096
3,156

62,000
41,000
6,200
3,200

+1.2 186, 726 181, 531 -2.8+2.7
8,639 +7.8
8,011
+1.7
43
46 +7.0
+1.4
593
623 +5.1
430 +4. &
410

-4.5
+1.2

14, 241
2,663

13, 000
2,640

-8.7
-.9

3,208
1,302
330

3,695 +15. 2
1,360 +4.5295 -10. 6

1,898

1,936

+2.0

1,054 +10.5

2,032
3,163
10, 451

2,200
3,200
10,451

+8.3
+1.2

116
307
1,836
283
3,582

750 +546. 6
315 +2.6
3,022 +64. 6
303 +7.1
3,952 +10. a

5,236
28, 684
9,007
2,432
4,001
889

954

3,820
900

+7.3 632,841 709, 655 +12.1 366,837 358,054

-2.4 360,228 366, 656

23 will probably increase slightly; items 4, 6, 7, 8, and 9 will probably decrease.

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




42,165

+4.0 1,228,685 1,116,819

District No. 7
SOUTHWEST

433
2,610
1,135
1,095
46,100

District No. 4
OHIO VALLEY

Number of
Per
cars
cent
inc.
( }
t Actual Estior dec.
1937 mated
(-)
1938

12,400 11,400 -8.1
2,319
2,087 -10. 0
-3.0 968, 653 849, 500 -12.3 484, 000 520,000 +7.4 72, 541 90, 676 +25. 0
+5.8
46,296 44,000 -5.0 110, 433 115, 954 +5.0
-.9 100, 020 96,600 -3.4 147, 697 162, 500 +10.0
8,866
8,866
250
250
61
61

1,271 +25.0
37, 284 +3.0
2,66] +12.0
10,032 +9.0
2,327 +5.0

547, 817 605,418 +10.5 1,006,201 1,046,847

Number of
Per
cars
cent
inc.
( }
t Actual Estior dec.
1937 mated
(-)
1938

+3.7
+.4

+1.8

17, 279
6,792
5,409

14,997 -13.2
5,885 -13.4
5,613 +3.8.

22, 536
3,818
1,881
3,887

29,305 +30. 0
3,742 -2.0
3,718 +97.7
3,748 -3.6

1,368
12, 795
4,411
5,233

1,876 +37. 1
12,800
6,457 +46. 4
6,500 +24. 2

292, 156 299, 602

+2.5-

17
INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., by commodities or groups. They consist in general of weighted combinations of series of individual relative
numbers; often the individual relative numbers are also given. The function of index and relative numbers
is explained on the inside front cover. All of the index numbers, except where noted, are based on the average
of the years 1923 to 1925, while maxima and minima are given only since 1923, thus eliminating the abnormal
period prior to 1923. Complete descriptions and figures for earlier years may be found in the following issues
of the Survey (later data being available in the latest semiannual issues): Production, in the July, 1928, issue
(No. 83), pages 18 to 22; stocks in the August, 1928, issue (No. 84), pages 20 to 22; new orders in the September,
1928, issue (No. 85), page 19; unfilled orders in the January, 1928, issue (No. 77), pages 22 and 23; wholesale
trade in the January, 1928, issue (No. 77), page 21; mail-order and chain stores in the May, 1928, issue (No. 81),
pages 20 and 21; department stores in the April, 1928, issue (No. 80), pages 20 and 21; employment, based on
1923 as 100, in the August, 1928, issue (No. 84), page 108; farm prices, in the August, 1928, issue (No. 84), page
27; wholesale prices (Department of Labor), in the November, 1927, issue (No. 75), page 24, and the June, 1928,
issue (No. 82), page 23; wholesale prices, commercial, in the August, 1928, issue (No. 84), page 26; cost of
living in the August, 1928, issue (No. 84), page 27, and the June, 1926, issue (No. 58), page 24.

Relative to 1923-1925 monthly average as 100

PER CENT INCREASE£(+)

1938

1927

OR DECREASE (-)

Maximum
since
Jan. 1,
1923

Minimum
since
Jan. 1,
1923

114
114

81
83

102
106

105
107

106
105

105
109

110
112

112
114

+ 1.8
+ 1.8

+ 5.7
+ 8.6

114
116
127
121
106
118
110
139
117
128
121
160
166
129

79
82
59
77
92
91
90
47
86
92
87
84
66
93

1*1
10G
103
118
96
114
95
84
113
111
106
136
124
109

104
107
102
119
97
112
95
89
112
115
108
136
119
119

106
105
98
118
93
113
99
81
113
113
107
139
113
123

106
111
121
100
89
117
96
120
112
117
112
155
155
125

110
113
121
109
91
117
92
133
111
124
116
160
154
131

112
116
127
108
98

+ 1.8
+ 2.7
+ 5.0
-0.9
+ 7.7

+ 5.7
+ 10.5
+ 29.6
-8.5
+ 5.4

87
139
109
128
117

-5.4
+ 4.5
-1.8
+ 3. 2
+ 0.9

-12. 1
+ 71. 6
-3.5
+ 13.3
+ 9.3

166
129

+ 7.8
-1. 5

+ 46.9
+ 4.9

124
120
125
133
126
134
121
124
125
123

84
90
77
1
88
0
82
93
75
85

103
100
87
75
124
99
101
109
116
94

111
106
92
107
123
99
101
114
112
94

111
105
92
100
124
87
104
111
111
90

103
101
94
66
119
103
113
117
97
76

110
105
91
95
123
105
116
121
108
87

113
106
94
95
126
84
121
114

+ 2.7
+ 1.0
+ 3.3
0.0
+ 2.4
-20.0
+ 4.3
-5.8

+ 1.8
+ 1.0
+ 2.2
-5.0
+ 1.6
-3.4
+ 16.3
+ 2.7

79

-9.2

-12. 2

124
421
131
148
160
187

79
26
76
68
64
44

109
421
76
81
142
154

105
225
89
77
123
187

87
89
85
75
89
150

108
387
78
92
138
154

97
195
79
80
117
170

92
54
92
81
95
137

5.2
-72. 3
+ 16. 5
+ 1.3
-18.8
-19. 4

+ 5.7
-39.3
+ 8.2
+ 8. 0
+ 6.7
-8 7

231
205
199
251
346
266

45
38
60
55
11
22

65
116
99
114
12
25

115
169
86
124
74
106

183
178
146
183
186 1
220

87
147
107
164
28
22

115
186
83
165
45
117

178
165
133
206
184
206

+ 54.8
-11.3
+ 60. 2
+ 24. 8
+ 308.9
+ 76. 1

-2.7
7 3
-8.9
+ 12.6
-1. 1
-6.4

112
112
151
161
148

80
80
54
18
66

89
91
64
124
90

99
102
63
119
116

98
99
84
124
113

88
88
64
170
76

90
90
82
161
72

78
78
68
129
65

13.3
13 3
17 1
-19.9
-9. 7

-20.4
-21. 2
-19.0
+ 4.0
42 5

July

•
August September

July

Sept., 1928, Sept., 1928,
August Septemfrom Aug..
from Sept.,
ber
1928
1927

PRODUCTION
TOTAL INDUSTRIAL

Unadjusted, except for working days
Adjusted for seasonal variations
MANUFACTURING

Total (adjusted for working days only)
Total (adjusted for seasonal variations)
Iron and steel
Textiles
Food products
Paper and printing
Lumber
. __
Automobiles.
Leather and shoes
Cement, brick, and glass
Nonferrous metals. _
Petroleum refining
Rubber tires.
Tobacco manufactures

.

MINERALS

Total (adjusted for working days only). _
Total (adjusted for seasonal variations)
Bituminous coal _
Anthracite coal
Crude petroleum
Iron-ore shipments
__
Copper
Zinc
Lead
.
Silver
ANIMAL PRODUCTS (marketings)

Total
Wool
Livestock
Poultry and eggs
Dairy products
Fish

__ __

.

CROPS (marketings)

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

_

FOREST PRODUCTS

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

_ _

 between maximum and minimum due largely to seasonal conditions: Minerals and Manufacturing are adjusted for seasonalvariations except where jnoted.
•Fluctuations
http://fraser.stlouisfed.org/
18248—28
3
Federal Reserve Bank of St. Louis

18

INDEXES OF BUSINESS—Continued

Relative to 1923-1925 monthly average as 100

Maximum
since
Jan. 1,
1923

August September

July

Sept., 1928,
August Septemfrom Aug.,
ber
1928

Sept., 1928,
from Sept.,
1927

ii

PRODUCTION— Continued
NEW ORDERS
Total
Textiles
Iron and steel
Lumber
_.
Paper and printing
Stone and clay products

July

PER CENT INCREASE (+)
OR DECREASE (— )

1928

1937

Minimum
since
Jan. 1,
1923

139
153
144
141
128
129

25
30
24
22 i
14
19

86
84
111
83
99
93

94
108
96
99
102
98

96
118
99
101
107
99

95
77
116
98
101
97

98
90
118
101
109
97

STOCKS
_
_

134

82

104

108

119

104

107

116

+ 8.4

-2.5

Total manufactured goods
Foodstuffs
Textiles
_
Iron and steel
_
Nonferrous metals
Lumber
Stone, clay, etc
Leather
Rubber
Paper .
Chemicals and oils

120
*129
138
152
133
125
178
123
185
155
125

88
79
78
78
74
78
64
66
77
46
84

116
128
111
118
118
117
132
68
150
106
98

114
129
95
117
114
118
123
69
140
116
94

113
116
108
125
111
118
116
69
129
118
97

117
126
129
140
124
97
149
71
145
155
91

114
117
135
133
125
98
140
72
134
156
90

111
106
134
131
131
96
130
71
126
136
97

-2.6
-9. 4
-0. 7
1. 5
+ 4.8
-2. 0
-7. 1
-1. 4
6 0
-12. 8
+ 7.8

1.8
-8. 6
+ 24. 1
+ 4.8
+ 18.0
-18. 6
+ 12. 1
+ 2. 9
2 3
+ 15.3
-0.0

Total raw materials
Foodstuffs
Textiles
Metals
Chemicals and oils

150
159
202
136
153

69
68
43
54
73

95
108
88
89
85

104
119
96
96
89

124
125
135
103
110

95
121
67
87
91

102
136
66
100
93

119
144
96
116
109

+ 16.7
+ 5. 9
+ 45. 5
+ 16. 0
+ 17.2

4.0
+ 15.2
-28. 9
+ 12. 6
10 9

UNFILLED ORDERS
Total
Textiles
Iron and steel
Transportation equipment
Lumber
- _

157
154
157
204
142

67
62
66
53
56

72
85
65
72
74

72
85
66
66
72

70
87
65
62
67

77
69
75
' 68
91

75
66
75
60
88

75
70
75
60
84

0.0
+ 6. 1
0. 0
0.0
-3. 4

+ 7.1
-19. 5
+ 15.4
-3.2
+ 26. 9

_ _ _ 124
119
130
128
167
_ __
188
128
118
125
_ _ _ 131

82
86
87
71
43
26
68
82
88
72

88
92
104
81
78
43
107
90
100
84

111
97
111
125
165
98
122
98
110
111

112
102
117
113
140
95
127
106
122
117

87
92
113
74
68
46
98
90
102
78

109
101
118
110
148
92
119
96
115
108

110
101
130
105
137
88
110
100
119
131

+ 0.9
0.0
+ 10. 2
-4. 5
7. 4
-4.3
7 6
+ 4.2
+ 3. 5
+ 21.3

-1.8
-1. 0
+ 11. 1
-7. 1
-2. 1
-7. 4
-13.4
-5. 7
2 5
+ 12.0

156

64

93

105

118

112

127

143

+ 12.6

+ 21.2

250
224
350
169
160
161
163

62
77
47
82
79
70
55

121
166
157
141
111
112
109

130
170
165
140.
106
110
101

128
171
198
137
106
119
108

128
198
180
164
100
117
116

133
205
197
169
104
123
109

144
200
246
164
105
122
130

+ 8. 3
-2.4
+ 24.9
-3.0
+ 1.0
0. 8
+ 19.3

+ 12. 5
+ 17.0
+ 24. 2
+ 19. 7
0 9
+ 2. 5
+ 20.4

186
117

71
83

75
94

89
97

100
107

78
92

85
96

106
101

+ 24. 7
+ 5. 2

+ 6.0
-5.6

Grand total

_ _ -

__

_

_ _

WHOLESALE TRADE
Grand total, a l l classes
Groceries
Meats
_
Dry goods
Men's clothing
Women's clothing
Boots and shoes
Hardware
Drugs
Furniture

___

RETAIL TRADE
MAIL-ORDER HOUSES (4 houses)
CHAIN STORES:
Ten-cent Grocery.
_ _
Wearing appareL.
Drug
Cigar
Candy
Shoe . . .
DEPARTMENT STORES:
Sales
Stocks




_

19

INDEXES OF BUSINESS—Continued

Relative to 1933-1925 monthly average as 100

PEE CENT INCREASE (+)
OB DECREASE (-)

1928

1927

Maximum
since
Jan. 1,
1923

Minimum
since
Jan. 1,
1923

109
112
114
114
107
112
106
111
107

90
90
85
87
80
86
97
88
85

93
94
91
93
87
94
102
94
96

93
93
92
93
88
97
102
94
97

94
97
94
92
89
97
103
98
97

90
92
85
92
83
89
101
90
92

92
91
86
93
85
91
101
91
95

93
94
87
94
85
91
102
98
95

110
108
110
115

87
82
82
86

93
89
88
101

93
82
89
100

92
92
88
98

93
81
95
93

94
87
98
94

95
89
99
95

111
108
115
117
107
117
114
114
111
114
111
114
119

85
90
78
79
84
77
94
89
84
81
81
79
86

94
98
91
92
91
94
106
99
96
90
90
87
105

96
97
94
94
94
101
108
100
99
92
84
92
102

95
99
96
92
95
98
109
102
98
89
95
87
98

92
97
82
94
87
87
108
97
92
92
82
95
96

95
95
84
98
89
92
108
98
98
99
86
101
96

153
178
253
162
166
252
108

125
108
108
98
122
81
79

130
139
195
131
125
125
81

133
138
172
136
127
136
81

140
134
145
142
137
179
87

145
142
156
157
134
170
88

105
114
107
127
114
112
113
116
* 104
111
127

94
94
85
98
94
81
97
90
95
97
79

94
98
94
112
94
84
98
94
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

128
103
109
106

96
93
93
93

96
94
95
93

97
93
98
93

106
112

85
95

99
97

100
100

1
July

August

8

f

July

Sept., 1928,
from Aug.,
August September
1928

Sept., 1928,
from Sept.,
1927

EMPLOYMENT
Number employed, by industries:
Total, all classes
Food products
Textiles
Iron and steel
Lumber
Leather
Paper and printing __
Chemicals
_. __ _
Stone, clay, and glass
Metal products other than iron and
steel
Tobacco products
Vehicles
Miscellaneous
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 steelTobacco products-.
Vehicles
Miscellaneous

+ 1.1

-1.1

+ 3.3
+ 1.2
+ 1-1
0.0
0.0
+ 1.0
+ 7.7
0.0

-3. 1
-7. 4
+ 2.2
-4.5
-6.2
-1.0
0.0
-2. 1

+1. 1

+ 2.3
+ 1.0
+ 1. 1

+ 3.3
-3.3
+ 12.5
-3. 1

97
98
87
98
91
91
110
102
96
100
90
101
98

+ 2.1
+ 3.2
+ 3. 6
0.0
+ 2.2
+ 1. 1
+ 1.9
+ 4.1
-2.0
+ 1.0
+ 4.7
0.0
+ 2.1

+ 2.1
-1. 0
9.4
+ 6.5
-4.2
-7. 1
+ 0.9
0.0
-2.0
+ 12. 4
-5. 3
+ 16. 1
0.0

139
120
137
162
136
153
87

141
117
127
174
145
142
85

+ 1.4
-2. 5
— 7. 3
+ 7.4
+ 6.6
-7.2
-2.3

+ 0.7
-12.7
— 12. 4
+ 22.5
+ 5.8
-20.7
-2.3

98
107
102
124
97
83
99
94
95
97
81

99
107
104
121
96
85
100
95
95
97
79

100
109
107
121
96
85
101
95
95
97
80

+ 1.0
+ 1.9
+ 2.9
0.0
0.0
0.0
+ 1.0
0.0
0. 0
0.0
+ 1.3

+ 3.1
+ 2.8
+ 10.3
+ 7.1
-3.0
+ 1.2
+ 3.1
+ 3. 3
-1.0
-2.0
-10. 1

99
94
100
94

98
98
100
96

97
99
99
97

97
101
101
98

0.0
+ 2.0
+ 2.0
+ 1.0

-2.0
+ 7.4
+ 1.0
+ 4.3

101
103

103
102

103
103

103
102

0.0
-1.0

+ 2.0
-1.0

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

Grains
Fruits and vegetables
Meat animals
Dairy and poultry
Cotton and cottonseed
Unclassified
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1926 monthly average as 100)

All commodities
Farm products
Food, etc
Hides and leather products
Textile products.. _
Fuel and lighting
Metals and metal products «.
Building materials
Chemicals
House-furnishing goods
Miscellaneous
Classified by state of manufacture:
Semimanufactured articles.
Finished products
Raw materials
Nonagricultural commodities
Commercial Indexes
(Relative to 1926 monthly average as 100)

Dun's
Bradstreet's




20
INDEXES OF BUSINESS—Continued

Relative to 1933-1925 monthly average as 100

Maximum
since
Jan. 1,
1923

Minimum
since
Jan. 1,
1923

172
167
186
177
179
208
123
176

158
141
161
160
156
174
118
171

1937

July

PER CENT INCREASE (-f)
OR DECREASE (-)

1938

August September

July

Sept., 1928,
from Aug.,
August September
1928

Sept., 1928,
from Sept.,
1927

H-1. 2
+ 2. 6
0. 0
+ 0. 6
+06
+ 1. 0
0. 0
0.0

0. 0
+ 2. 6
-4. 2
+ 1. 8
—1 2
— 1. 6
—0 8
-0.6

PRICE INDEX NUMBERS—Contd.
COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)

All items weighted
Food (Department of Labor)
Shelter
Clothing
Fuel and light (combined)
Fuel
Light
Sundries

__ _ _ _

162
153
168
169
160
180
122
173

162
152
169
170
161
181
122
172

163
154
168
171
162
183
122
172

161
153
161
174
158
177
121
171

161
154
161
173
159
178
121
171

163
158
161
174
160
180
121
171

ADDITIONAL PRELIMINARY RETURNS, CENSUS OF MANUFACTURES, 1927
VALUE OF PRODUCTS

INDUSTRY

1927

1925

Thousands of
dollars

Artificial leather
Ammunition and related products. .
Billiard and pool tables, bowling
alleys and accessories
Baskets, rattan and willow ware
Blacking stains, and dressings
Beet sugar
Chemical fire extinguishers
Combs and hairpins
Children's carriages, sleds, etc
E n velopes
Fireworks
Foundry supplies
Firearms
Hand stamps, stencils, and brandsGas meters and water meters
Lasts and related products ..
Lace goods
Lead pencils
Lime
Linoleum and asphalted-felt-base
coveringi A minus (—) denotes decrease.




34,228
45, 602

Per
cent
increase
0)

40, 932 -16.4
41, 707
9.3

7,042
20,960
22, 540
104, 927
8,035
4,329
91,964
55,904
5,885
11, 635
19, 452
14, 210
36, 715
7,529
27, 298
24,493
41, 587

5,614
16, 658
25, 055
132, 339
8,037
5,270
85,907
51, 189
6,031
12, 723
15, 179
15, 321
34, 292
9,301
30, 844
25, 051
50, 736

81,543

77, 532

26.0
25.8
10.0
-20.7

PERSONS EMPLOYED

1927

1925

Number

Per
cent
increase
0)

2,730 2, 659
2.7
7,602 7,777 -2.3

-17.9
7.0
9.2
-2.4
-8.6
28.2
-7.3
7.1
-19.1
—11.5
-2.2
-18.0

1,176
8,594
1,710
7,402
832
1,248
21, 658
9,725
1,564
941
6,130
2,676
5,915
1,718
6,482
5,300
10, 820

1,037
6,808
1,869
8,872
842
1,300
20, 483
9,052
1,446
1,087
4,470
2,930
5,514
2,035
7,006
5,636
12, 095

13.4
26.2
-8.5
-16.6
-1.2
-4.0
5.7
7.4
8.2
-13.4
37.1
-8.7
7.3
-15.6
-7.5
-6.0
-10.5

5.2

7,805

7,336

6.4

VALUE OF PRODUCTS

INDUSTRY

1927

1925

Thousands of
dollars

Music printing and publishing
Oilcloth
Nets and seines
Printing materials, except type and
ink
Roofing tile
Rubber boots and shoes . _
Sewing machines, cases and attachments
Sandpaper, emery paper, and other
abrasive paper and cloth
Hollow building tile .
Rubber ties and inner tubes
Theatrical scenery and stage equipment
Terra cotta
Typewriters, ribbons, and carbon
paper
Wooden cigar boxes
Wallpaper
Floor and wall tile and similar tile_.

15, 882
17,642
5,401

15,090
17, 843
5,157

7,041
6,525
5,435 5,841
124, 608 115, 935
45, 222

46, 298

Per
cent
increase
0)

PERSONS EMPLOYED

1927

1925

Number

Per
cent
increase
C)

955
1,160
885

3.4
-7.6
-1.8

885
888
7.9
-7.0 1,410 1,302
7.5 26, 848 24, 999

-o.a
8. a

-2.3 11,838 12, 121

-2. a

5.2
—1.1
4.7

987
1,072
869

7.4

917 1,230 -25.4
12, 232 15, 623 -21.7
25, 953 28, 452 -8.8 7,929 8,250 -3.9<
869, 688 925, 002 -6.0 78, 256 81,640 —4.1

5,745
17,450

3,578 60.6
20, 102 -13.2

69, 112
12, 909
30, 059
27, 959

63, 080
12, 925
30, 069
22, 455

561
5,082

391
5,458

43.5
-6.9-

9.6 16, 598 14, 969
-0.1 4,577 4,836
0.0 4,811 5,069
24.5 9,264 7,704

10.9-5.4
-5.1
20.2

21
RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS
GROUPED BT FEDERAL RESERVE DISTRICTS
[ Table continued on p. US]

YEAR AND MONTH

BOSTON DISTRICT
u. a
TOTAL
141
Total,
Hart- Provi- New
CENTERS centers Boston ford
dence Haven

1919 av. mills, dolls

NEW YORK DISTRICT
Total,
centers

New
Albany Buffalo RochesYork
ter

Total, Phila- Scran10
centers delphia ton

Trenton

37,446

1,769

92

144

72

20, 917

87

263

120

20,354

1,625

1,373

53

43

100.0
106.0
88.7
97.8
103.2
109.5
126.8
135.3
150.0

100.0
109.2
102.4
105.5
117.1
120.9
136.7
141.6
158.1

100.0
105.9
106.7
109.3
120.2
125.6
143.9
157.0
168.9

100.0
117.4
98.9
103.3
119.6
131.3
141.7
152.3
202.5

100.0
118.7
93.0
95.1
105.5
104.4
114.9
113.4
113.2

100.0
118.1
98.6
104.2
122.2
125.8
134.6
139.6
148.6

100.0
99.4
85.2
98.4
98.2
108.3
128.7
139.0
160.1

100.0
111.5
119.5
119.5
118.3
134.8
147. 7
154.0
168.3

100.0
114.8
92.8
99.6
114.8
115.0
133.3
136.9
140.6

100.0
119.2
103.3
110.0
124.2
129.0
144.3
146.3
152.2

100.0
98.8
84.8
98.2
97.6
107.9
128.3
138.8
160.3

100.0
113.3
95.8
102.5
114.3
116.8
129.5
134.6
140.0

100.0
112.4
93.8
101.7
111.9
114.3
128.1
133.1
138.6

100.0
124.5
122.7
109.4
139.6
142.3
138.9
144.2
145.5

100.0
125.6
111.6
118.6
137.2
146.5
159.6
168.5
175.6

138.5
128.3
135.3
136.1
125.6
125.4
140.3
126.6
152.4

151.9
144.3
147.6
149.5
124.9
128.1
167.9
150.8
158.8

164.9
155.8
158.8
161.7
132.3
136.4
182.5
163.1
171.3

156.5
151.1
163.1
162.0
137.0
132.6
144.6
138.0
158.7

111.8
109.7
109.0
112.5
93.0
99.3
146.5
113.9
122.9

138.9
136.1
138.9
147.2
134.7
134.7
145.8
134.7
150.0

144.0
130.9
139.0
136.6
128.9
126.1
141.5
127.0
159. 9

170.1
197.6
150.5
171.2
131.0
127.5
147.1
139.0
152.8

138.0
126.6
148.3
155.5
127.7
126.6
141.1
127.4
141.1

144.2
135.5
160.0
154.2
127.5
138.3
162.5
135.8
162.5

144.0
130.5
138.5
135.9
128.9
125.9
141.3
126.7
160.1

138.1
127.9
136.1
139.6
118.8
128.9
143.6
129.7
153.9

136.6
126.4
135.0
137.8
115.9
126.6
141. 1
128.7
153.0

147.2
137.8
145.3
149.1
145.3
151.0
166.1
143.4
156.6

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
143.4
151.6
158.1
152.5
174.8

159.6
135.7
162.9
159.6
154.0
161.0
152.5
137.2
148.2
174.3
170.7
181.8

174.1
147.1
177.3
170.8
165.8
171.5
160.1
142.1
156.0
186.0
183.6
192.9

168.5
145.7
177.2
189. 1
180.4
219. 6
222.8
207.6
216.3
226.1
210.9
266.3

114.6
101.4
113.9
117.3
111.1
112.5
107.6
100.0
102.8
122.9
124.3
130.5

147.2
120.8
151.4
151.4
141.7
145.8
152.8
138.8
151.4
166.7
148.6
166.7

153.4
134.7
169.1
157.3
153.6
162.0
151.2
155.1
163.6
167.3
163.0
190.7

133.3
151.7
219.5
197.6
205.7
170.1
168.9
156.3
143.6
163.2
147.1
162.0

143.0
114.8
130.8
139.5
135.0
144.5
146.0
133.5
147.5
151.7
139.5
161.6

152.5
131.7
163.3
163.3
136.7
164.2
152.5
139.2
150.0
162.5
137.5
173.3

153.6
134.8
169.5
157.3
153.6
162.2
151.1
155.5
163.9
167.5
163.5
191.3

142.8
124.9
146.7
140.0
138.5
141.2
136.1
128.4
136.8
144.8
139.4
159.8

141.7
124.0
146.8
138.2
137.4
140.7
133.9
126.5
133. 9
141.7
139.3
159.3

145.3
128.3
149.1
149.1
145.3
145.3
139.6
134.0
164.2
154.7
141.5
149.1

172.1
186.1
167.5
165.1
172.1
162.8
197.7
158.2
167.5
176.8
167.5
214.0

168.0
145.6
188.7
179.0
191.3
193.6
157.5
156.3
168.7

176.8
135.7
167.3
169.3
170.0
163.5
149.1
143.4
142.4

186.4
139.2
176.1
179.3
177.0
168.6
137.4
152.2
148.8

258.7
206.5
243.5
257.6
272.8
245.7
200.0
188.1
210.9

150.0
116.6
122.9
125.7
129.1
134.0
111.1
106.9
110.4

159.7
143.1
165.3
161.1
175. 0
175.0
161.1
147.2
152.8

185.5
160.3
218.7
204.0
221.4
222.4
172.1
172.0
189.4

137.9
160.9
255.1
162.0
265.4
202.2
152.8
142.5
139.0

164.6
131.5
148.7
154.0
167.7
173.0
160.4
162.0
162.7

160.0
125.8
150.0
159.2
160.8
196.7
153. 3
139.2
148.3

186.1
160.9
220.0
205.3
222.4
223.3
172.4
172.5
190.3

151.3
125.7
157.4
155. 3
163.5
175.8
143.8
132.8
146.6

149.7
122.9
154.8
155.5
164.0
177.8
142.9
131.1
146.1

137.8
128.3
217.0
141.5
154.7
151.0
130.2
126.4
134.0

195.4
195.4
172.1
167.5
186.1
202.4
172.1
172.1
172.1

Des Grand
De- Indian- Miltroit apolis waukkee Moines Rapids

Sioux
City

1919
1920
1921
1922
1923
1924
1925
1926
1927

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
monthly average.
1926
April
May
June
July
August
September
October
November
December
...
1937
January
February _
March
April
May
June
_ _.
July
August
September
October
November..
December
1938
January
February
March
April
May
June
July
August
September,.

1,245

CHICAGO DISTRICT

ATLANTA DISTRICT
YEAR AND MONTH

PHILADELPHIA DISTRICT

Total,
BirAtlanta ming15
centers
ham

1919 av. mills, dolls

New
Orleans

Jacksonville

Nashville

Augusta

Tota,,
centers

Chicago

928

123

59

304

48

93

37

4,242

2, 800

525

136

237

83

75

63

1919
1920
1921
1922
1923
1924
1925
1926
1927

100.0
115.1
84.2
86.0
100.0
105.3
125.0
128.1
123.9

100.0
108.9
85.4
90.2
108.9
113.1
129.2
132.7
127.8

100.0
128.8
103.4
133.9
183.1
199.3
226.7
243.8
252.5

100.0
115.4
82.2
89.5
97.4
106.4
118.2
113.7
114.8

100.0
125.0
91.7
97.9
112.5
126.5
206.2
232.6
181.6

100.0
120.4
105.4
71.0
78.5
79.2
87.6
89.7
97.6

100.0
110.8
64.9
70.3
83.8
74.6
78.2
72.6
74.8

100.0
116.0
92.0
96.8
108.8
110.8
124.9
132.0
137.9

100.0
113.0
91.7
96.2
105.0
106.3
120.4
127.5
136.8

100.0
125.2
91.2
101.3
125.7
130.6
158.3
166.4
162.8

100.0
123.5
100.0
104.4
115.4
110.9
115.4
135.2
136.2

100.0
124.0
97.5
101.7
115.6
110.5
119.4
127.3
130.1

100.0
114.5
84.4
83.1
97.6
103.2
89.8
98.1
98.9

100.0
128.0
109.3
81.3
89.3
89.2
114.1
115.5
110.3

100.0
109.5
63.5
101. 6
119.0
123.4
136.9
129.1
114.7

D6C6Tnhp,r

133.7
121. 5
119. 2
124 4
113. 3
123. 2
142 0
118. 7
135. 6

132.5
128.5
125.2
127.6
115.4
126.0
142.3
127.6
146.3

254.3
239.0
223.7
245.8
217.0
239.0
266.1
240.7
259.3

123.7
103.0
104.9
110.8
102.0
109.5
134.5
98.7
123.0

247.9
235.4
225.0
218.7
206.2
195.8
222.9
193.7
229.1

92.5
84.9
89.2
92.5
84.9
83.9
95.7
84.9
89.2

70.3
67.6
56.8
62.2
56.8
86.5
89.2
70.3
78.4

133.0
129.9
135.1
136.2
128.0
122.8
133.5
123.2
143.4

126.9
124.6
128.7
131.4
123.3
116.3
126.9
119.0
142.3

177.4
165.9
178.3
171.6
167.1
159.8
170.9
150.3
166.3

130.1
133.1
152.2
150.0
128.7
127.9
136.0
128.7
143.4

121.1
125.7
126.6
128.3
119.8
121.5
137.1
124.9
132.1

100.0
98.8
97.6
96.4
88.0
96.4
102.4
96.4
113.3

121.3
112.0
114.6
117. 3
112. 0
112.0
122.6
106.6
122. 6

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
137. 7
121.4
136. 9

134.1
119.5
134.1
128.5
124.4
118.7
123.6
115.4
130.1
146.3
121.1
137.4

264.4
222.0
242.4
244.1
245.8
235.6
239.0
240.7
278.0
300.0
257.6
272.9

119.1
108.2
114.8
111.5
99.7
103.3
103.6
105.2
127.9
130.6
116.1
137.5

216.6
195.8
222.9
206.2
183.3
177.1
164.6
156.2
154.1
160.4
160.4
181.2

94.6
89.2
98.9
92.5
92.5
98.9
102.1
93.5
94.6
110.7
96.8
106.4

70.3
64.9
70.3
70.3
70.3
64.9
64.9
64.9
100.0
97.3
73.0
86.5

134.4
118.6
139.7
137.9
140.4
142.8
134.8
136.7
138.0
142.6
135.0
153. 6

131.0
116.2
138.5
136.4
141.2
141.1
130.4
136.2
137.3
142.4
135.9
155.1

161.0
134.1
152.8
163.6
157.4
176.2
172.2
164.0
165.2
170.4
151.4
185.7

141.9
136.0
138.2
133.8
137.5
137.5
141.2
128.7
130.1
135.3
134.6
139.7

132.5
126.1
140.5
128.3
131.6
128.7
126.6
125.7
124.5
133.3
127.0
135.9

95.2
84.4
109.7
98.8
102. 4
108.5
96.4
89.2
97.6
101. 2
98.8
104.8

118.6
97.3
114.6
112.0
112. 0
113.3
110.6
108. 0
106. 6
108.0
104.0
118.6

130.1
114.3
136.5
117.4
111.1
117.4
114.3
111.1
112.7
128.5
95.2
87.3

127.6
112.4
127. 0
118.5
122. 0
118. 6
114.7
112. 9
114. 4

130.1
123.0
135.0
126.0
132.5
126.8
121.1
117.1
122.8

271.2
225.4
245.8
240.7
271.2
250.9
245.8
235.6
242.4

123.0
103.6
115.4
106.6
106.2
105.2
107.2
102.3
107.6

164.6
166.6
175.0
158.3
160.4
158.3
147.9
143.7
133.3

102.1
97.8
116.1
104.3
109.7
110.7
96.8
121.5
100.0

83.8
78.4
81.1
75.7
73.0
64.9
64.9
62.2
64.9

148.0
128.7
157.6
155.1
162.0
162.1
145.4
146.6
151.7

149.3
126.6
156.9
158.9
162.6
159.2
139.3
139.7
144.1

178.1
160.8
197.9
184.0
206.1
217.4
205.5
216.6
237.2

138.2
136.0
146.3
131.6
141.9
137.5
135.3
133.8
127.9

133.3
120.7
138.0
129.5
134.6
142.6
131.2
129.5
121.5

97.6
86.8
106.0
102.4
108.5
108.5
94.0
97.6
95.2

112.0
98.6
114.6
106. 6
121.3
124.0
114. 6
114.6
116.0

84.1
87.3
101.6
88.9
95.2
100.0
95.2
95.2
95.0

monthly average. .
monthly average. .
monthly average..
monthly average..
monthly average..
monthly average..
monthly average..
monthly average..
monthly average..
1936
April
May
June
July
August
September
October
N o vember
January

1937

March
April
May
June
July
August
September
October
. ..
November
December
1938
January
February
March . .
April
May.
June
July
.
August...
.
.
September
See footnote on p. 23




22

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS—Continued
GROUPED BT FEDERAL RESERVE DISTRICTS
[ Table continued on page US}
RICHMOND DISTRICT

CLEVELAND DISTRICT
YEAR AND MONTH

Total,

13

centers
1919 average millions of dollars.. _

1,963

100.0
1919 monthly average _
116.4
1920 monthly average
1921 monthly average _ . . . 89.6
94.6
1922 monthly average
110.9
1923 monthly average
109.4
1 924 monthly average
122.0
1925 monthly average
127.4
1926 monthly average . _
136.6
1927 monthly average
1926
129.4
April
-119.2
May
- 130.1
June
136.1
July
120.2
August
- 122.6
September
- 134.4
October
_
121.6
November
- - 141.9
December
1937
141.9
January
124.3
February _ 135.4
March
- 147.6
April
- - -131.9
May
152.1
June
141.4
July
125.8
August
_______
128.4
September
134.8
October
_ _
125.6
November
-150.0
December
1938
142.4
January
_
121.0
February
- 135.0
March
139.7
April
137.8
May
151.8
June
July
137.5
130.0
August
_
135.3
September

CleveAkron Cincinnati
land

centers

Dallas

Charlestons

90

247

653

746

60

116

116

50

718

404

84

116

37

100.0
115.6
63.3
63.3
' 80.0
81.4
100.0
104.5
112.9

100.0
113.0
107.7
117.4
133.6
128.0
142.7
150.3
167.2

100.0
115.9
81.9
84.1
99.2
96.8
106.6
115.9
124.9

100.0
118.5
94.9
97.2
112.7
113.2
126.4
126.7
137.1

100.0
110.0
78.3
83.3
103.4
101.6
117.0
118.0
118.5

100.0
117.2
100.0
132.8
153.5
155.7
179.2
189.5

100.0
111.2
102.6
112.1
128.5
116.0
126.9
138.3
144.8

100.0
104.0
110.0
112.0
138.0
136.0
156.0
176.5
188.8

100.0
111.8
95.5
89.6
98.6
96.3
106.7
108.4
107.1

100.0
115.6
104.9
89.1
93.3
93.4
104.6
107.4
104.2

100.0
102.3
71.4
78.5
88.1
82.2
85.8
94.2
89.0

100.0
107.8
98.3
100.9
112.9
109.1
122.9
121.5
123.0

100.0
102.7
67.6
67.6
78.4
69.4
73.0
76.2
75.0

112.2
101.1
105.5
107.8
97.8
110.0
107.8
95.5
107.8

159.5
139.7
143.3
153.9
132.8
130.8
154.3
150.6
170.9

123.2
105.0
115.0
126.0
108.5
110.4
127.5
112.8
136.0

123.3
119.7
134.5
131.3
116.3
119.7
133.2
121.7
135.7

121.7
113.4
111.7
131.7
120.0
121.7
126.7
108.4
131.7

185.4
180.2
194.0

151.7
135.3
144.0
149.1
134.5
191.9
141.4
131.9
154.3

176.0
160.0
172.0
210.0
166.0
176.0
182.0
164.0
196.0

107.7
101.1
110.0
117.4
96.0
100.7
115.1
102.1
121.9

111.1
102.7
113.1
122.8
96.0
94.1
107.7
98.0
119.3

92.8
88.1
95.2
97.6
85.7
88.1
101.2
96.4
114.2

112.1
106.0
111.2
127.6
106.0
125.9
139.7
119.0
137.9

73.0
70.3
75.7
62.2
64.9
78.4
113.5
73.0
75.7

97.8
86.7
104.4
118.9
114.4
121.1
128.9
113.3
120.0
117.8
104.4
126.7

167.6
136.0
162.8
181.4
158.7 .
168.0
176.5
163.2
163.2
170.9
159.9
197.6

130.6
107.8
117.0
131.7
116. 7
131.2
131.4
115.1
122.3
133.8
114.1
147.6

142.0
137,5
141.1
154.6
132.7
169.8
141.4
120.6
120.3
126.2
121.9
136.5

131.7
108.4
118.4
118.4
113.4
125.0
131.7
111.7
113.4
120.0
118.4
111.7

204.3

162.1
123.3
137.9
156.9
141.4
145.7
142.2
138.8
141.4
147.4
135.3
165.5

202.0
162.0
196.0
200.0
192.0
202.0
200.0
178.0
184.0
182.0
164.0
204.0

111.6
93.6
106.1
105.6
99.7
106.7
102.9
104.2
105.9
117.8
111.0
120.6

109.1
90.1
104.4
102.7
95.5
104.4
103.0
104.9
103.5
114.3
102.2
116.1

96.4
82.1
88.1
86.9
89.3
90.4
86.9
82.1
78.5
92.8
96.4
97.6

131.9
107.8
114.7
118.1
109.5
82.1
111.2
115.5
128.5
137.1
143.1
143.1

67.6
73.0
81.1
81.1
73.0
75.7
67.6
67.6
78.4
83.8
75.7
75.7

117.8
107.8
113.3
130.0
118.9
132.2
132.2
117. 8
125.5

201.2
171.3
175.3
192.7
174.1
198.8
171.7
158.3
159.1

136.6
110.5
120.9
128.1
122.0
136.4
126.2
119.4
124.3

133.5
117.9
129.6
133.3
134.8
150.5
130.1
125.2
129.6

118.4
100.0
111.7
121.7
123.4
135.0
126.7
121.7
123.4

237.9

150.7
127.6
150.9
154.3
146.6
151.7
137.9
*136. 2
138.8

202.0
164.0
214.0
190.0
190.0
206.0"
202.0
186.0
182.0

108.7
95.0
109.4
105.7
105.0
114.2
101.4
96.5
93.6

105.2
92.1
106.4
102.2
103.7
119.0
102.7
93.3
86.4

84.5
76.2
83.3
84.5
90.4
84.5
80.9
82.1
72.6

130.2
110.3
123.3
110.3
111.2
119.0
112.1

73.0
67.6
75.7
73.0
67.6
56.8
54.1
48.7
51.4

DALLAS DISTRICT
Total,

YEAR AND MONTH

Balti- Norfolk RichColum- Dayton Total,
Pitts- Y»ngs7
mond
bus
burgh town Toledo
centers more

Hous-

ton

205.2

208.6

197.4
187.1
187.9
172.4

208.6
159.5
210.4
219.8

209.5
205.2

198.3
199.1
195.7
194.0

208.6
257.8
198.3

238.8
242.3
244.8
260.4
238.8
*210. 4

230.2

ST. LOUIS DISTRICT

Fort
Worth

Summary LouisSt.
Memfor 5
ville
phis
Louis

centers

*117.2

128.5

MINNEAPOLIS DISTRICT
Little
Rock

Total,
center s

Duluth Minneapolis

St.

Paul

Helena Billings

- .

521

161

138

92

965

156

617

136

36

659

90

354

162

11

9

1919 monthly average. 1920 monthly average..
1921 monthly average..
1922 monthly average. _
1923 monthly average—
1924 monthly average. _
1925 monthly average. _
1926 monthly average..
1927 monthly average. _
1936
April
May
June
July
August
September
_ ._ _ _
October
November
December
1937
January
February
March
April
May
June .
July
August
Seaptember
October
November
December.. ._
1938
January
_
„
February
March
April
May
._
June
July
August
.
September...
See footnotes on p. 23.

100.0
117.4
94.2
97.9
101.3
101.5
112.4
119.1
124.5

100.0
114.3
90.7
96.9
107.5
112.7
130.8
131.5
135.6

100.0
115.2
86.2
81.2
89.0
91.2
103.6
126.0
131.9

100.0
119.6
109.8
119.6
93.5
78.0
82.4
92.1
103.2

100.0
105.4
89.0
94.5
110.4
110.6
124.2
127.3
127.4

100.0
92.3
82.0
87.8
101.9
106.7
120.8
128.7
123.6

100.0
106.5
91.9
94.2
108.4
108.2
120.8
122.7
120.9

100.0
107.4
73.5
87.5
106.6
101.1
111.7
111.5
119.6

100.0
125.0
116.7
127.8
169.5
186.1

100.0
108.5
82.7
88.0
94.8
104.2
114.3
104.9
110.0

100.0
120.0
84.4
82.2
85.5
117.7
118.2
88.3
103.0

100.0
109.6
84.2
85.0
91.5
103.8
119.4
110.3
113.9

100.0
98.2
75.3
97.5
106.8
101.6
104.7
102.2
106.7

100.0
100.0
100.0
90.9
81.8
85.6
85.6
82.6
83.3

100.0

111.1
103.8
109.4
114.6
108.8
128.6
137.6
124.2
135.9

119.3
112.4
117.4
121.7
112.4
139.7
150.3
137.3
146.6

120.3
108.7
115.2
121.7
121.0
148.5
155.8
132.6
151.4

81.5
79.4
85.9
100.0
94.6
95.7
102.2
98.9
107.6

126.5
125.4
126.9
127.9
113.1
120.8
137.8
127.4
135. 4

129.5
119.2
131.4
164.7
119.2
115.4
128.2
119.9
126.9

123.2
124.8
125.5
124.7
107.3
113.8
129.8
121.6
132.3

105.1
101.5
101.5
100.7
92.6
111.0
133.8
119.9
118.4

213.9

101.3
100.6
101.6
105.0
99.2
110.6
118.8
108.2
113.6

73.3
101.1
90.0
80.0
72.2
107.8
125.5
102.2
84.4

105.9
103.4
105.4
111.6
109.3
118.9
120.9
112.4
119.8

105.6
95.7
100.6
101.9
93.8
93.8
106.2
99.4
116.7

72.7
72.7
81.8
90.9
81.8
90.9
100.0
90.9
81.8

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
145.1
136.2
149.7

138.5
122.4
131.1
126.7
112.4
116.8
115.5
117.4
151.5
166.5
160.9
167.1

139.8
125.4
129.0
118.8
119.6
114.5
115.2
123.2
152.9
154.3
133.3
157.2

97.8
90.2
105.4
98.9
95.7
100.0
102.2
90.2
98.9
113.0
115.2
130.4

131.0
114.5
130.2
122.2
124.5
128.8
120.3
115.5
124.0
138.0
134.1
145.1

131.4
120.5
134.0
121.8
118.6
126.9
123.7
114.1
119.2
125.0
118:6
129.5

126.9
107.3
123.0
118.7
120.9
124.8
116.4
111.8
113.6
124.8
123.4
139.1

114.7
105.1
116.2
105.1
114.7
107.4
94.1
93.4
132.4
161.0
147.1
143.4

219.5
197.2

95.1
84.6
97.5
98.0
99.1
100.9
102.7
101.3
138.4
153.8
130.3
117.9

67.8
58.9
66.7
82.2
88.9
96.7
80.0
75.5
166.7

153.3
95.5

100.0
87.9
98.9
99 2
1041 8
103.1
107.4
110.2
150.6
155.7
128.0
120.9

100.0
93.2
112.3
104.9
94.4
100.0
104.9
95.7
101.9
124.7
124.7
124.1

72.7
63.6
81.8
81.8
72.7
72.7
90.9
90.9
90.9
109.1
81.8
90.9

88.9
66.7
77.8
77.8
77.8
77.8
88.9
77.8
111.1
144.4
111.1
111.1

132.0
118.0
129.7
121.3
123.8
128.6
120.7
123.0
141.8

147.2
132.9
142.9
129.8
132.9
131.7
126.1
131.1
163.3

134.8
118.8
132.6
123.9
124.6
141.3
129.7
129.7
147.8

113.0
97.8
108.7
105.4
112.0
113.0
114.1
108.7
116.3

135.4
119.7
132.9
128.2
138.2
144.1
125.0
119.9
122.9

129.5
119.9
131.4
130.1
135.3
145.5
125.0
119.2
128.2

130.8
115.4
127.6
125.0
137.6
145.6
123.8
117.8
114.4

123.5
99.3
115.4
103.7
102.9
102.9
97.1
91.9
110.3

227.8
208.4
230.6

71.1
61.1
80.0
75.5
107.8
110.0
77.8
77.8
142.2

105.9
95.2
116.4
118.4
125.1
127.1
122.9
119.8
139.3

109.3
101.9
118.5
102.5
100.6
111.1
106.8
101.2
109.9

72.7
63.6
81.8
72.7
72.7
81.8
81.8
100.0
90.9

88.9
88.9
111.1
100.0
100.0
100.0
100.0
100.0
122.2

1919 av millions




204.9
226.4
220.8
202.8

180.6
211.1
213.9

247.2

286.1

247.2
233.4

225.0

186.1
183.3
197.2

200.0

197. 2

227.8
277.8
280.6
258.4

211.1

222.2
202.8

194.5
194.5

233.4

101.2
91.8
111.5
107.6
115.3
119.8
112.3
109.4
131.8

203.3

111.1
88.9
77.8
88.9
78.7
84.3
88.0
92.6

23
RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS—Concluded
GROTTPKD BY FEDERAL RESERVE DISTRICTS

SAN FRANCISCO DISTRICT

KANSAS CITY DISTRICT
YEAR AND MONTH

Total,
14
centers

Denver

St. \ OklaKansas
Omaha Joseph, i homa
Sr
Mo.'
Mo.
City
ty

Tulsa

Total,
| PortIft_
18
centers Angles ££

San
Francisco

Seattle

Oakland,
Calif.

1919 average, millions of dolls .

1,231

146

68

94

1,909

314

181

760

206

63

1919
1920
1921
1922
1923
1924
1925
1926
1927

100.0
109.8
82.0
84.2
90.6
85.7
95.5
100.4
102.3

100.0
139.7
98.6
102.7
111.6
112.9
121.5
123.2
120.4

100.0
94.9
74.6
74.3
84.3
81.4
90.1
93.4
93.8

100.0
95.5
67.4
73.1
77.7
69.7
76.9
75.4
76.0

100.0
97.6
81.1
69.4
72.9
71.6
72.7
73.4
66.9

100.0
153.0
129.4
119.2
114.7
112.1
127.4
139.1
154.6

100.0
131.9
88.3
105.3
104.3
89.5
112.6
136.0
139.2

100.0
123.2
104.4
107.2
126.3
128.9
142.9
155.7
172.3

100.0
139.2
143.0
165.0
223.6
236.7
251. 1
278.1
280.6

100.0
108.8
82.3
76.2
86.2
89.4
92.0
101.0
94.2

100.0
124.6
101.9
94.8
104.0
107.1
126.1
138.2
165.0

100.0
96.1
67.0
73.3
83.0
87.7
98.0
103.2
105.8

100.0
160.3
128.5
144.4
192.0
196.3
227.3
273.0
356.6

115.1
101.9
101.5
108.8
100.6
108.1

139.0
120.5
134.2
139.7
117.8
130.1

115.7
101.0
95.6
100.5
92.7
98.1

81.4
79.9
71.6
78.4
71.2
73.5

78.8
69.4
71.7
76.4
72.9
78.8

147.1
132.4
139.7
141.2
138.3
155.9

145.8
130.9
139.4
141.5
136.2
167.0

160.8
147.0
153.4
159.1
145.5
168.7

292.4
260.2
271.4
281.6
264.7
301.9

105.5
107.2
104.4
109.4
105.0
102.2

141.5
129.5
132.3
138.6
123.2
145.2

104.8
104.8
113.6
108.2
97.1
102.9

293.6
242.8
263.4
261.9
241.2
371.4

102.3
88.9
101.9
98.2
*97.1
*101. 1
*104. 0
*103. 7
102.1
108.9
104.6
114.3

121.9
94.5
124.0
126.7
123.3
118.5
115.7
115.7
120.5
132.2
126.Q
126.0

88.9
78.9
88.6
87.2
88.9
91.3
99.0
101.9
98.8
102.4
94.4
105.8

74.2
65.5
76.5
73.5
71.6
75.4
76.5
86.7
78.4
83.3
73.5
76.9

71.7
60.0
68.2
61.2
67.0
68.2
67.0
67.0
65.9
68.2
67.0
71.7

154.9
128.0
157.4
151.5
148.6
161.8
151.5
132.4
147.1
163.3
169.2
189.8

160.7
128.7
155.3
133.0
128.7
137.3
133.0
127.7
128.7
131.9
131.9
173.4

164.9
159.9
186.4
172.2
161.4
165.8
164.1
158.7
171.5
184.2
180.1
198.2

308.3
293.3
349.1
303.8
280.6
281.2
279.0
266.3
273.6
295.9
305.8
330.0

89.5
82.3
88.4
94.5
99.5
90.1
90.6
94.5
100.0
101.7
105.0
94.5

144.8
154.6
176.7
161.7
151.7
157.9
156.7
147.9
168.8
188.2
174.2
197.3

91.7
88.3
107.8
107.8
98.5
106.3
99.5
112.1
117.0
115.0
108.2
117.0

338.0
334.9
379.3
361.8
339.6
360.2
344.4
333.3
339.6
358.7
353.9
436.4

106.9
94.6
107.5
101.9
103.1
107.1
112.7
112.8
110.7

119.9
106.8
126.0
125.3
123.3
126.0
120.5
122.6
129.4

99.3
85.2
100.0
93.2
94.2
96.8
113.1
112.1
105.1

76.9
75.4
88.3
76.1
80.7
81.4
83.7
90.9
89.4

72.9
68.2
77.6
64.7
69.4
68.2
65.9
69.4
70.6

160.3
144.2
164.8
166.2
157.4
161.8
157.4
151.5
163.3

140.4
124.5
128.7
126.6
135.1
145.8
133.0
147.9
151.1

183.3
179.1
212.6
191.3
218.8
224.1
177.8
178.5
192.7

317.5
309.3
366.6
332.2
371.1
367.2
300.7
306.4
325.8

84.5
81.2
91.2
89.5
111.1
109.9
102.2
102.2
102.8

180.4
188.5
221. 6
189.1
235.8
249.9
171.7
170.8
194.1

108.2
97.1
133.0
123.8
126.7
125.7
113.1
118.4
116.5

396.8
336.4
414.2
430.1
401.5
406.3
369.8
355.5
369.8

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average, _.
monthly average
monthly average
monthly average
1926

July
August
September.. _
October
_
November
December
1937
January
February
March
April
May.
June
July
August
September
_
October
November
December
1928
January
February
March
April
May
June..
July
August
September

__

413 |

264

85 !

DISTRICT TOTALS— SEASONAL VARIATIONS ELIMINATED 2
YEAR AND MONTH

U.S.
total

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta Chicago

St.
Louis

Minne- Kansas
City
apolis

San
Dallas Francisco

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
monthly average _ . __
100.0
100.0
100.0
100.0
100.0
116.4
112.1
106.0
99.3
monthly average
109.5
105.1
108.5
109.8
115.6
116.1
105.5
118.0
123. 4
95.9
89.8
82.9
82.1
85.1
monthly average
88.7
101.9
84.4
105.4
95.6
89.1
94.3
92.0
105.4
87.9
84.1
monthly average _
97.8
102.5
94.5
94.2
98.5
89.5
85.9
96.8
97.9
107.1
114.4
111.1
monthly average
103.3
117.1
98.0
99.9
95.0
87.7
126.4
98.8
109.0
110.3
101.1
121.1
monthly average
116.8
109.5
109.5
103.1
87.0
101.2
129.4
108.3
96.5
105.3
110.8
110.5
129.4
114.4
95.4
112. 4
monthly average
126.7
136.6
122.0
124.1
128.6
106.8
124.8
142.9
123.8
135.4
127.4
monthly average. _. _
132.1
128.4
119.4
156.2
139.0
108.5
146.0
132.1
127.3
105. 3
100.3
158.1
160.2
monthly average
150.0
140.0
136.7
124.1
109.5
172.4
107.3
137.9
127.3
102.3
124.5
1936
137.3
131.9
110.2
July
.
147.9
138.8
114.8
138.7
116.7
131.2
131.6
127.9
162.8
134.5
136.4
141.8
125.3
126.3
103.7
143.5
99.1
124.0
99.8
121.0
151.4
August
125.6
131.3
125.9
132.0
140.9
136.2
133.3
105.4
100.2
September
_ 127.8
100.1
124.3
151.9
124.3
127.1
October.
131.4
133.4
105.9
154.0
135.3
125.8
100.3
102.6
116.9
128.0
126.4
131.1
146.1
124.1
131.4
November
142.9
124.7
100.5
124.0
98.0
111.7
125.2
125.0
101.0
112.3
140.0
December
140.3
136.2
140.8
123.5
105.9
102.3
104.2
135.1
114.8
147.7
118.0
132.0
120.5
1927
145.4
January
_
139.9
150.3
139.7
121.4
98.9
136.3
107.6
122.1
94.5
119.7
166. 4
132.0
143.2
February
149.8
157.8
157. 5
109.2
130.4
145.6
126.8
106.5
101.3
135.9
129.6
190.8
163.4
March
146.3
137.9
103.9
154.6
166.3
109.8
129.7
99.8
126.7
182.2
125.3
136.7
104.4
April
. _152.0
164.5
159.2
143.6
148.8
112.8
129.4
127.2
142.0
102.5
129.5
180.3
*98. 4
154.7
139.8
103.3
105.6
144.5
150.6
136.1
127.0
118.8
167.1
May
120.7
141.5
146.8
154.8
134.2
102. 9
155.2
146.1
104.0
119.9
119.0
167.1
June
.-139.6
127.7
*101.3
124.4
144.7
150.8
137.0
102.3
107.9
*103.7
July
135.3
122.8
133.1
123.8
166. 1
153.5
155.7
135.4
132.1
105.9
123.4
163.4
August
155.7
172.7
107.5
140.2
*101. 6
126.3
126.6
110.9
125.2
September
159.6
163.0
141.5
131.8
100.8
130.0
169.8
176.7
135.8
139.7
130.5
October
148.0
108.4
124.2
129.9
102.7
159. 9
157.7
136.5
131.5
126.0
123.3
169.1
135.0
128.8
November
149.5
161.8
159.2
141.2
114.2
121.0
105.0
123.1
173.3
106.5
137.2
131. 6
106.2
126.4
December.
_
155.0
141.4
130.5
104.8
119.1
110.2
160.6
167.9
141.4
129.1
173.6
1938
160.9
123.2
136.8
104.8
145.4
126.2
100. 6
102.5
185.0
January
__
166.5
175.8
148.0
117.6
139.4
February
169.3
157.8
110.9
147.4
115.6
107.7
133.9
213.7
146.5
126.6
132.6
187.5
118.9
March
167.8
156.9
137.5
113.3
154.2
105.3
132.8
207.8
186.6
215.0
126.0
132.0
106.4
140.8
112.4
133.9
April .
182.8
133.4
114.6
200.3
174.5
159.3
124.6
159.7
206.5
191.1
142.2
170.9
108.8
120.5
104.5
133.1
217.1
126.3
163.3
141.0
226.5
165.0
Mav
187.2
157.2
122.1
137.2
145.8
111. 3
142.8
107.3
225.9
June
213.0
167.1
122.6
158.5
112.4
158.9
133.2
100.8
118.0
134.7
180.0
July
„
147.5
142.9
121.0
143. 5
128.6
174.7
169.7
162.8
125.2
150.4
August
136. 6
99.6
131.5
114.3
136.8
183.8
191.5
140.1
110.5
September
156.7
138.9
98.0
190.8
177.6
118.7
129.4
119.3
109.3
137.0
151.6
153.5
204.5
» Revised.
1 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, the March, 1927, SURVEY (No. 67), pp. 28 to 30, and the November, 1927 SURVEY (No. 75), 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 (N o.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.
3 Greenville, S. C., substituted for Charleston, S. C., since May, 1928.
1919
1920
1921
1922
1923
1924
1925
1926
1927




24
INDEXES OF THE SECURITY MARKETS, COMMON STOCKS l
(Average of weekly indexes, 1926 monthly average=100)

1926
MONTH

1928

Total 393 Industrials, rails, and
utilities

January
February
March
April,
May
June
July
August

1927

.

_

-

September
October
December
Monthly average

_

.

May .
June
July
August. .

September
October
November
December

.
__

Monthly average

1928

Total 33 railroads

1926

1927

1928

Total 35 utilities 2

1926

1927

1928

Automobiles and
trucks (14)

102.2
102.4
96.3
92.6

105.6
107.5
108.6
110.0

137.4
134.8
141.1
149.5

98.6
97.1
94.7
93.6

107.1
111.6
112.2
115. 7

125.3
121.6
125.9
130.7

103.2
103.8
94.9
93.3

104.4
105.3
107.3
110.5

129.5
130.9
134. 4
142.5

93.2
96.5
88.6
83.0

116.4
120.2
127.8
133.6

183.5
182.0
217.4
241.4

93.2
97.2
100.0
102.9

114.2
115.4
117.2
122.0

152.1
145.3
144.2
148.3

92.6
96.9
99.9
103.1

113.1
114.4
116.7
112.3

154.9
148.2
147.8
152.6

94.7
98.4
100.2
103.1

118.1
119.2
120.7
123.1

133.2
126.7
124.6
126.5

94.3
97.7
100.2
102.0

114.2
115.6
114.9
118.5

155.3
148.1
145.3
147.9

81.7
87.2
98.3
113.6

139.4
141.3
144.5
157.4

104.3
101.6
103.1
105.4

127.7
126.7
129.6
133.1

156.6

104.2
101.5
102.9
105.4

128.9
127.5
131.3
135.5

162.2

105.9
102.7
104.2
106.4

125.2
124.3
124.9
126.8

129.6

103.1
100.9
103.1
104.0

124.1
124.5
125.6
127.2

155.8

117.0
114.6
109.4
116.4

174.2
173.6
173.6
180.2

100.0

118. 3

100.0

117.6

100.0

119.1

100. 0

116. 0

100.0

148.5

119.1 92.8
117.6 97.5
106.1 106.0
99.6 108.1

Railroad equipment (9)

Machinery and
machine equipment (10)

Copper and brass
(10)

1926

1927

1928

Agricultural implements (4)
!

94.2
96.7
91.6
89.8

113.0
122.7
125.2
129.7

217.9
217.5
237.5
249.2

249.4
235.3
238.4
244.7

89.8
95. 3
102.2
106.3

143.1
149.2
152.5
162.0

264.1
259.9
263.9
281.7

270.0

106.8
105.0
106.4
114.0

184.9
191.6
210.2
219.7

301.3

99.8

158.7

Steel and iron (10)

=

Fertilizers (4)

153.3
139.6
129.3
127. 4

104.5
101.7
94.3
91.1

106.1
112.4
115.8
115.2

141.3
136.9
138.2
137.4

103.5
102.6
97.1
95.9

102.5
105.3
106.7
106.8

126.1
124.4
126.3
133.6

98.0
100.8
94.9
93.5

104.6
104.4
105.3
105.8

137.8
135.5
135.1
143.7

99.5
96.5
92.2
111.9

110.0
111.9
115.3
120.3

146.7
141.1
142.0
145.5

134.4
141.6
113.6
103.6

72.6
72.8
66.1
62.3

108.1
101.7
101.5
116.4

88.8
97.4
96.5
98.1

108.4
104.0
106. 3
114.5

128.8
115.8
113.3
119.3

91.1
96.6
99.4
102.5

119.2
123.6
126.2
131.9

135.2
127.1
125.1
123.6

96.6
99.6
99.9
103.2

107.9
107.5
106.9
111.1

138.0
132.3
132.7
135.4

93.9
96.1
100.1
103.8

106.1
102.2
103.1
110.0

151.5
147.5
150.0
155.2

89.1
95.9
103.2
108.6

120.7
121.0
124.1
132.7

145.6
137.7
136.6
143.6

99.5
104.2
99.0
96.6

63.5
66.0
72.7
80.7

125.6
115.5
119.0
117.7

98.0
92.5
94.2
91.4

128.1
125.6
124.5
143.6

127.6

104.3
100.7
104.4
108.6

133.5
125.4
127.6
134.2

129.5

102.6
98.0
99.8
101.5

114.9
115.9
119.4
125.9

139.4

102.2
102.7
105.3
105.7

115.9
115.8
123.4
137.2

172.0

106.7
102.8
104 6
110.2

143.6
133.7
135 1
144.3

155.8

91.0
75.3
72.8
72.3

87.9
81.2
82.1
101.1

130.3

100.0

113.3

100.0

122.6

100.0

110.9

100.0

111.2

100.0

126.1

100.3

75.8

Electrical equipment (4) .

Oil producing and
refining (16)

Textiles (23)

Rayon (4)

Apparel (8)

100.9
97.6

99.8
99.3
101.2
101.2

113. 3
112.7
114.2
118.2

99.8
106.1
95.2
92.3

99.4
100. 9
102. 4
108. 1

147.9
143.3
157.7
178.2

102.6
101.0
98.7
96.2

102.4
104.1
99.3
95.2

104. 1
100.0
127.0
109.7

114.5
110.7
104.2
96.5

97.7
98.7
99.9
98.9

113.8
115.1
115.2
119.1

118.5
114.0
112.9
111.3

87.1
90.9
92.8
95.7

143.9
138.9
152.2
155.8

102.1
102.3
95.6
90.5

106.6
111.2
111.7
111.7

128.5
133. 8
134.8
143.3

96.0
97.6
100.0
.. 101.4

103.4
105. 3
106.0
109.3

121.9
118.8
119.7
125.7

93.9
98.3
102. 6
106.2

113.6
1 19. 5
132.8
139.2

178.9
164.4
161.9
169.7

97.9
100. 3
101.5
101.0

95.7
96.3
95.8
99.3

118.7
112.0
110.9
112. 6

92.0
93.1
94.2
96.4

100.5
97.7
99.0
102. 4

120.0
110.4
106.4
105. 9

105.2
110. 3
99.4
91.8

111.1
119.9
116.0
117.9

168.4
159.3
149. 3
147.6

90.7
96.4
100.0
102.4

110.7
1.06. 8
112.8
118.0

146.8
134.2
130.6
132.0

101.6
97.8
98.5
99.4

114. 4
111.3
110.2
113.2

134.0

105. 2
99.5
100.4
101.5

149.3
141.2
141.7
146 4

180.8

101. 5
: 98. 7
i 100.0
101.2

99.3
98.2
103. 5
130.6

115.7

100.6
98.2
99.1
100.2

109.1
107.6
109.3
111. 1

109.6

93.8
84.3
83.1
78.0

130.2
136.5
136.5
142.1

141.9

103.9
102.2
106.7
106.9

121.1
122.0
124.0
125 2

136.2

100 0

106 2

100.0

124.5

! 100.0

101.6

100.0

102.7

100.0

114. 7

100. 0

115.2

_ ._

Food products, Tobacco and too t h e r t h a n bacco products (10)
meat (23)
January _
February..
March...
April

1927

__ ._ _. 104. 9

May
June
July ...
August

M^onthly average

Total 325 industrials

1926

134.4
132.3
137.9
145.9

104. 7

September
October
November
December

1928

105.6
107.9
109.1
111.1

Building equipment and supplies (13)
Januarv
February
March
April

1927

101.8
101.8
95.8
92.9

Automobile tires
and rubber goods
(7)
January .
February.
March
April .

1926

Chain stores (18)

Theaters, motion
pictures,
and
amusements (7)

Traction, motor
transportation,
etc. (9)

Drug 5, medicines,
cosm etics, etc. (7)

__ 104.8
93.6
90.7

103.9
105.5
10S.3
111.8

148.8
146. 8
149.1
154. 9

96.2
96.7
94.6
93.3

111.9
112.3
118. 1
122.6

159.2
150.0
149.5
149. 1

118.3
114.9
99.8
88.5

100.5
101.0
101.9
103.8

130. 3
128.6
131. 6
135.6

98.9
98.2
91.3
90.0

106.2
108.0
110.3
105.9

109. 4
106. 1
108.0
111.3

95.3
102. 6
98.8
97.6

102.1
103.3
102.7
101.6

96.7
97.1
99.4
106.7

98.9
97.3
93.0
90.8

116.5
117.9
118.2
121.6

169.4
174.2
179.8
197.6

91.7
97.8
100.8
104. 0

118.1
117.5
120.7
124.3

158.4
152.4
152.1
158.1

94.2
96.6
98.7
99.1

131.7
138.9
139.9
142.0

140.0
134.9
134.3
137. 6

87.4
94.3
98.3
98.7

106.6
106.4
110.0
119.7

139.0
136.8
135.3
142.9

93.7
97.1
100.9
103.9

105. 1
101.5
96.1
99.4

1 15. 6
111.5
111.0
116.6

100.5
101.6
101.0
100.8

101.4
100.3
96.8
94.3

105.9
97.3
96.0
95.7

92.6
94.2
96.5
103.2

123.0
128.6
131.3
135.4

206.7
200.8
203.1
207.4

_.

103.9
100 3
103.2
__ 105.2

130.6
131.3
136.1
143.3

167.1

104.7
104 8
109.0
111.1

149.4
150 4
159.1
161.0

142.5

98.5
95 8
100.9
103.6

128.7
127 4
132.3
132.6

150.5

107.0
106.3
107.0
107.0

103.7
104. 1
105.4
108.4

135.1

99.9
96 9
102.5
104.1

93.8
94 8
95.0
95.6

99.5

103.0
105 1
109.4
114.5

140.7
155 0
161.8
165.9

220. 4

Monthly average

100 0

121.0

100 0

136 4

100 0

114 2

100 0

104 5

100.0

98. 5~ ^^

99 9

134 7

103.8

May
June .
July
August...

September
October
November.
December

1
Compiled by Standard Statistics Co., Inc. Stock prices represent long-term indexes of common stock market values weighted according to the number of shares of
each stock outstanding, computed as of the close each Friday and are presented in relatives with the 1926 average taken as equal to 100. Weekly indexes have been averaged2 to give monthly data. This series displaces the stock price indexes shown in previous issues of the SURVEY OF CURRENT BUSINESS.
Includes operating and holding companies, electric, gas, water, and heat, and telephone and telegraph companies, and motor transportation companies.




25
CAPITAL FLOTATIONS
(Thousands of dollars)
TYPE OF SECURITY
Grand
total

MONTH

Stocks

Bonds
and
notes

PURPOSE OF
ISSUE

New
capital

Refunding

TYPE OF SECURITY

Grand
total

Stocks

Bonds
and
notes

PURPOSE OF
ISSUE
New
capital

Refunding

TYPE OF SECURITY

Grand
total

Stocks

New
capital

Refunding

1931

1930

1919

Bonds
and
notes

PURPOSE OF
ISSUE

January _
February
March
April

254, 254
216, 364
100, 579
56, 903

46, 325
45, 196
32, 586
27,884

207,929
171, 168
67, 993
29, 019

179, 175
151, 773
84, 504
52, 384

75, 079
64, 591
16, 075
4,519

376, 696
223, 296
303, 436
331, 931

194, 225
134, 067
122, 966
60, 126

82, 471
89, 229
180,470
271, 805

288, 234
199, 225
288,467
324,485

88, 462
24, 070
14, 969
7, 446

284, 564
229, 602
134, 430
393, 801

65,305
8,381
15,421
32,478

219, 258
221, 221
119, 009
361, 324

209, 146
184, 608
122, 254
172, 425

75,417
44, 994
12, 176
221, 377

May.
June
July
August

170, 516
317, 532
302, 114
267, 481

86, 043
173, 651
185, 147
199, 600

84, 472
143, 881
116, 967
67,882

152, 760
264, 655
272, 553
250, 371

17, 756
52, 878
29, 562
17, 110

354, 052
278, 326
190, 453
124, 675

196, 905
149, 591
43, 083
29, 855

157, 147
128, 736
147, 370
94,820

336, 440
259, 684
184, 380
109, 606

17, 612
18, 642
6,073
15, 069

190, 702
88, 219
198, 872
72, 911

4,056
800
94,841
6,100

186, 646
87,419
104, 031
66, 811

172, 394
60, 930
185, 972
64, 815

18, 308
27, 289
12, 900
8,096

September. __
October
November
December

275, 375
335,432
249, 536
193, 568

173, 240
271, 832
194, 897
129,403

102, 135
63, 600
54, 639
64, 165

232, 990
303, 641
200, 005
158, 518

42, 384
31, 790
49, 531
35, 050

112, 574
297, 908
147, 977
224, 981

24, 217
30, 517
34, 038
51, 493

88, 357
267, 391
113, 938
173, 488

109, 632
287, 358
110,412
212, 088

2,942
10, 550
37, 565
12, 893

217, 280
70, 888
207, 804
301, 735

2,500
3,420
18, 030
27, 933

214, 780
67, 468
189, 774
273, 802

178, 172
56, 151
161, 586
254,442

39, 108
14, 737
46, 208
47, 293

279, 265 2, 111, 543 1, 822, 905
175, 962
23, 272
151, 909

567, 903
47, 325

Year's total 2, 739, 654 1,565,804 1, 173, 850 2, 303, 329 436, 325 2, 966, 305 1, 071, 083 1, 895, 222 2, 710, Oil
89, 257
225, 834
Mo. av
247, 192
228,305
97, 821
191, 944
157, 935
130,484
36, 360

256, 293 2, 390, 808
199, 234
21, 358

1933

1933

1934

January __
February
March
April

252, 930
165, 918
310, 926
337, 644

32, 333
30,894
37, 763
27, 792

220, 597
135,024
273, 163
309, 852

195, 740
117, 717
233, 210
271, 976

57, 191
48, 200
78, 716
65, 668

622, 049
256, 604
293, 296
282, 419

134, 534
78, 715
64, 536
113, 602

487, 515
177, 889
228, 760
168, 817

444, 123
230, 095
242, 938
241, 662

177, 926
26, 510
50, 358
40, 757

304, 699
265, 588
266, 113
275, 706

65, 937
58, 876
57, 030
52, 705

238, 762
206, 712
209, 083
223, 001

276, 906
228, 303
254, 584
249, 902

27, 792
37, 285
11, 529
25, 804

May
June
July
August

362,807
330, 501
234, 170
124, 716

98, 533
62, 888
17, 360
41, 745

264, 274
267, 613
216, 810
82, 972

301, 783
268, 725
121, 614
98, 566

61, 024
61, 776
112, 556
26, 150

201, 707
288, 355
132, 130
133, 045

30, 582
25, 427
21, 715
14, 557

171, 125
262, 928
110,415
118, 488

166, 580
214, 601
130, 530
111, 657

35, 127
73, 754
1,600
21, 388

495, 953
316, 075
279, 178
287, 849

248, 609
30,884
39, 876
38, 255

247, 344
285, 191
239, 302
249, 594

447, 252
252, 854
232, 993
194, 987

48, 701
63, 221
46, 184
92, 862

368, 680
244, 924
132, 721
207, 345

154, 689
19, 801
13,478
81), 716

213, 992
225, 123
113, 243
126, 623

286, 180
163, 184
98, 070
179, 969

82, 500
81, 741
34, 651
27, 375

141, 289
230, 426
375, 041
276,478

29, 879
33, 101
95, 403
93, 908

111,410
197, 325
279, 638
182, 571

137, 107
211, 685
309, 915
261, 603

4,182
18, 741
65, 126
14, 875

312, 425
418, 447
243, 368
373, 170

50, 192
78, 257
56, 480
89, 185

262, 233
340, 190
186, 888
283, 985

273, 367
361, 898
235, 256
313, 994

39, 059
56, 549
8,112
59, 177.

-

September. __
October
November...
December

Year's total 3, 073, 282
Mo. av
256, 107

623, 992 2, 449, 291 2, 335, 734
204, 108
51, 999
194, 645

737, 548 3, 232, 840
269, 403
61, 462

735, 959 2, 496, 881 2, 702, 496
208, 073
61, 330
225, 208

530, 344 3, 838, 571
319, 881
44, 195

866, 286 2, 972, 285 3, 322, 296
72, 191
247, 690
276, 858

1936

1935

516, 275
43, 023

1937

January . _
Febraury
March . _
April-..

508, 598
503, 553
352, 606
482, 575

70, 401
102, 701
80, 278
141, 469

438, 197
400, 852
272, 328
341, 106

413, 404
450, 171
282, 355
411, 441

95, 193
53, 382
70, 251
71, 134

614, 549
414, 188
480, 400
442, 586

171, 742
126, 150
181, 291
31, 733

442, 807
288, 038
299, 109
410, 852

545, 843
381, 093
443, 232
331, 516

68, 707
33, 095
37, 168
111, 070

610, 035
785, 649
494, 373
520, 452

108, 511
277, 978
114, 507
100, 059

501, 524
507, 671
379, 866
420, 393

507, 503
540, 588
392, 426
388, 871

102, 532
245, 061
101, 947
131, 581

May
June
July
August

295, 872
379, 269
398, 059
240, 987

77, 521
106, 172
160, 637
64, 370

218, 351
273, 097
237, 422
}76, 617

260, 925
311, 531
323, 377
211, 750

34, 947
67, 738
74, 682
29, 237

453, 868
472, 402
474, 383
243, 450

196, 423
57, 196
101, 036
46, 507

257, 445
415, 205
373, 348
196, 943

441, 631
379, 039
414, 635
176, 155

12, 237
93, 363
59, 748
67, 294

712, 924
707, 548
371, 095
444, 278

127, 464
155, 867
79, 052
153, 887

585, 459
551, 681
292, 043
290, 391

447, 135
538, 295
341, 658
277, 832

265, 789
169, 253
29, 436
166, 446

September...
October
November
December

310, 688
371, 304
376, 240
518, 359

74, 634
120, 931
149, 938
161, 919

236, 053
250, 373
226, 302
356, 441

294, 309
300, 995
365, 565
474, 902

16, 379
70, 310
10, 675
43, 457

328, 705
350, 482
595, 237
429, 304

48, 327
58,489
203, 909
94, 969

280, 379
291, 993
391, 328
334, 335

283,
276,
330,
353,

45, 474
73, 776
264, 543
76, 076

451, 364
734, 080
617, 554
852, 064

109, 576
134, 568
121, 198
273, 591

341, 788
599, 513
496, 356
578, 473

372, 585
574, 380
403, 365
588, 591

78, 779
159, 701
214, 190
263, 472

231
706
694
228

Year's total 4, 738, 110 1, 310, 971 3, 427, 139 4, 100, 725 637, 385 5, 299, 554 1, 317, 772 3, 981, 782 4, 357, 003 942, 551 7, 301, 416 1, 756, 258 5. 545, 158 5, 373, 229 1, 928, 187
109, 814
363, 084
160, 682
Mo. av
394, 843
341, 727
441, 630
331, 815
608, 451
462, 097
447, 769
78, 546
146, 355
109, 248
285, 595
53, 115
1
Compiled by the Commercial and Financial Chronicle. Represents total stock, bond, and note issues of railroads, public utilities, and the following industries combined: Iron, steel, coal, copper, equipment manufactures, motors and accessories, oil, land, buildings, etc., rubber, shipping, and miscellaneous industrial and manufacturing industries. The columns "New capital" and "Refunding" include all types of financing to be issued for the purpose designated.

COCOA'
Shipments from the Gold and Nigerian Coasts
MONTH

1923

1924

| 1925

1926

1927

Q

1928

Spot price, Accra, New York
1923

1924

Long tons
January
February
March
April
May
June
July
...
August
September
October
November _.
December
Total
Monthly average
1

9,735
16, 538
25, 898
_ _

39, 389
33, 503
33, 282
24, 025
17, 972
12, 875
7,288
6,211
5,695
8,060
27, 261
39, 866
255, 427
21, 286

40, 562
38, 361
29, 556
19, 303
11, 084
7,340
10, 653
7,470
2,821
10, 141
31, 538
44, 677
253, 506
21, 126

42, 508
33, 656
25, 350
17, 167
6,847
9,111
9,748
4,728
5,178
13, 739
39, 477
55, 991
263, 500
21, 958

1925

1926

| 1927

1928

Dollars per pound
39, 568
44, 443
33, 933
12, 882
4,648
6,367
6,979
9,310
11, 022
9,615
24, 733
40, 673
244. 173
20, 348

47, 996
44, 841
24, 195
14, 138
19, 753
7,601
6,316
4,011
3,724

$0. 0850
. 0850
.0863
.0825
.0750
.0738
.0688
.0663
.0713
.0688
.0638
.0638

$0. 0675
.0738
.0725
.0681
.0663
.0663
.0700
.0725
.0750
.0850
.0900
.0938

$0. 0963
.0925
.0863
.0813
.0850
.0963
.1050
.1075
.1100
.1063
.0988
.0963

$0. 0938
.0981
.0975
.1038
.1075
.1225
.1225
.1200
.1175
.1250
.1325
.1463

$0. 1600
.1663
.1725
.1625
.1600
.1663
.1688
. 1550
.1525
.1563
.1588
.1350

.0742

. 0751

.0968

.1156

.1595

$0. 1363
.1375
.1375
.1475
.1500
.1450
.1350
.1213
.1163

Shipments of cocoa compiled by the New York Cocoa Exchange. Shipments represent the amount of raw cocoa shipped from the Gold and Nigerian Coasts, Africa.
Spot price compiled by George C. Lee Co. New York, and represents thee average monthly spot price of Accra cocoa in New York.
 18248—28
4


26

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, 1928), in which monthly figures for 1927 and 1928 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.
1938
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

PEE CENT INCREASE (+) OE

1937

DECREASE (— )

i

May

June

August

July

September

August

September,
Septem1928,
from
ber
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FEOM JAN. 1
THEOUGH SEPT. 30

1937

1938

Per ct.
in-

crease
(+)
or de-

crease
(-)
cumulative
1928
from
1927

TEXTILES
Wool
Receipts at Boston:
Total
thous. oflbs
Domestic
thous. of lbs__
Foreign
thous. of lbs_.
Imports:
In condition imported
-thous. oflbs..
Grease equivalent
thous. of Ibs
Consumption by textile mills,
grease equivalent
thous. of lbs_.
Machinery, activity, hourly:
LoomsWide
per ct of hours active
Narrow
per ct. of hours active
Carpet and rug
per ct. of hours active
Sets of cards
per ct of hours active
Combs
per ct. of hours active
Spinning spindlesWoolen
per ct. of hours active
Worsteds
.per ct. of hours active...
Prices:
Raw, territory, fine, scoured dolls, per Ib
Raw, Ohio and Pa. fleeces,
H blood, combing, grease... dolls, per lb__
Worsted yarn
._
dolls, per lb_.
Women's dress goods, French
serge, 39-in
dolls, per yd._
Suiting, 13-oz
dolls, per yd_.

33, 331
25, 843
7,488

55, 841
50, 082
5,759

54, 907
51, 346
3,561

29, 720
25, 802
3,918

10, 315
7,156
3,159

36, 499
29, 891
6,608

16, 956
11, 799
5,157

-65.3
-72.3
-19.4

-39.2
-39.4
-38.7

296, 324
192, 390
103, 934

265, 532 -10.4
189, 308 -1.6
76, 224 -26.7

25, 040
28, 163

19, 671
21, 383

18, 289
19, 805

14, 472
16, 078

14, 510
17, 015

18, 425
21, 754

15, 832
18, 933

+0.3
+5.8

-8.4
-10.1

207, 503
235, 788

187, 993 -9.4
211, 163 -10.4

43, 911

41, 282

38, 099

45, 103

43, 492

46, 504

48, 153

-3.6

-9.7

414, 394

390, 910

60
53
65
80
64

59
58
62
81
63

53
49
55
78
59

55
48
63
77
65

59
53|
62
85!
74

59
65
57
79
83

64
65
65
84
81

+7.3
+10.4
-1.6
+10.4
+13.8

-7.8
-18.5
-4.6
+1.2
=8.6

79
55

78
49

75
50

74
58

80
62

78
65

82
71

+8.1
+6.9

-2.4
-12.7

1.18

1.18

1.17

1.14

1.14

1.12

1.12

0.0

.55
1.58

.55
1.58

.55
1.60

.54
1.60

.54
1.58

.44
1.35

.45
1.38

0.0
-1.2

+20.0
+14.5

1 03
2.008

1.03
2.008

1.03
2.008

1.03
2.008

.99
2.008

.98
1.913

.98
1.913

-3.9
0.0

+1.0
+5.0

-5.7

+1.8

Cotton
Production, crop estimate
thous. of bales
Ginnings
thous . of bales
Repeipts into sight
thous. of bales
Imports, unmanufactured
bales
Exports, unmanufactured (incl. linters) -bales. _
pons,umption by textile mills
bales
Stocks,, domestic, end of month:
Total mills and w'houses thous of bales
Mills
thous of bales
Warehouses
thous. of bales
Btocks, world visible, end of month:
Total
thous of bales
ATnericam
thoiis. of bales
Prices:
To producer, all grades
dolls, per lb._
In New York, middling.
dolls, per lb._

3

2

13 993
8, 147
2,027
18, 508
814, 569
492, 221

832
28, 041
340, 311
634, 520

12, 789
8, 118
2,000 +298. 2
28, 347 -26.7
631, 041 +213. 9
5
-6.6
627, 784

+1.4
-34.7
+29.1
-21.6

58 5, 081 +70.8
-7.9
1, 116
5
3, 965 +122. 5

-33.8
35.5
-33.3

+18.2
+43.2

-23.2
—37. 6

4

4

693
19, 842
591, 345
577, 710

297
14, 587
457, 781
510, 565

339
18, 473
341, 849
438, 743

3,637
1,331
2,305

2,805
1,159
1,646

2,197
1,007
1,190

1,971
782
1,189 '

3,366
720
2, 646

3,294
1,121
2,173

5,630
3,533

4,962
2,910

4,056
2,165

3,480
1,790

4, 114
2,563

4,480
3,131

5,356
4,108

.201
.217

.197
.214

.210
.215

.188
.193

.176
.185

.171
.203

.225
.218

-6.4 -21.8
-4.1 -15.1

29,060
7,959
222
« 95.1

28,624
7,248
203
«88.4

28,228
6,259
176
879.7

28, 244
7,431

87.7

28,277
6,961
196
90.6

32, 292
8,973
245
103.5

* 32, 398
8,761
240
« 106. 6

+0.1 -12.7
-6.3 -20.5
-6.2 -18.3
+3.3 -15.0

16, 358
13, 427
28,484

19, 415
12, 539
25, 435

12, 522
12, 350
24, 619

14, 046
11, 574
27, 044

18, 839
10,248
34, 836

13,286
9,393
24, 415

17, 618
8,570
24,124

+34.1 +6.9
-11.5 +19.6
+28.8 +44.4

.380
.480

.374
.489

.384
.515

.369
.514

.358
.501

.387
.512

.406
.547

-3.0
o5

349, 325
269,845
326, 244
441, 508
305, 645
128, 604

287, 818
267, 025
270, 342
458, 984
302, 328
134, 158

221, 826
187, 439
217, 540
463, 270
272, 227
80, 358

302, 470
340, 810
324, 073
441, 667
288, 964
136, 237

253, 688
387, 151
278, 110
417, 245
398, 005
113, 627

245, 605
255, 992
221, 915
201, 217
491, 960
486, 395

346, 902
333, 607
346, 199
201, 920
479, 368
496, 697

-16.1
+13.6
14 2

5,722
43, Oil

4,615
46, 534

3,490
44, 951

3,753
43, 928

3,139
34, 694

4,996
46, 387

4,741
50, 333

19, 168
1,415

19, 646
1,384

20, 947
1,211

21, 854
1,399

16, 323

13, 998

1,478

.079
.092
164

.077
.091
162

.079
.092
165

.075
.091
163

.074
.089
160

509
25, 258
259, 489
526, 729

5

8,968

321, 926
6, 582, 070
5, 625, 973

6,825 - 23. 9

235, 942 -26. 7
4, 928, 505 -25.1
4, 808, 671 -14.5

Cotton Yarn
Machinery activity of spindles:
Active spindles
thousands
Total activity
millions of hours
Activity per spindle
hours. _
Ratio to capacity
per cent
Carded sales yarn:
Production
.. thous. oflbs
Stocks, end of month
thous. of lbs._
Unfilled orders, end of mo — thous. oflbs..
Prices:
22/1 cones, Boston.
dolls, per lb_.
40/ls southern spinning
dolls per Ib
Cotton Goods
Cotton textiles:
Production
_
thous. of yds..
New orders
thous. of yds..
Shipments
.thous. of yds..
Stocks, end of month
thous. of yds. .
Unfilled orders, end of mo.. -thous. of yds..
Fine cotton goods, production
pieces..
Cotton cloth:
Imports
thous. of sq. yds..
Exports.
thous. of sq. yds..
Fabrics for tire manufacture,
consumption
.
_. __thous. of lbs._
Elastic webbing, shipments
thous. of dolls..
Prices:
Print cloth, 64 x 60
.dolls, per yd..
Sheeting, brown
.dolls, per yd..
Cotton «oods (Fairchild), rel. to 1911-1913..
a AS of Oct. 1, 1928.
3 Final estimate for 1927.




4
5

As of Oct. 18.
Revised.

.084
.098
162

-11.8
—8.4

-26.9
+16.1
-19.7
+106. 6
+37^7 -17.0
-16.6 -77.1

-16.4
-21.0

158, 091

2, 657, 149
2, 587, 684
2, 576, 405
4, 362, 769

-33.8
-31.1
6

+5. ef

2, 141, 133 -50.9

47, 945
421, 974

47, 343 -1.3
363, 529 -13.9

125, 661

6 151, 743 +20.8
12, 379

-1.3
.089
-16.9
-2.2
19 1
.110
177
-1.8
-9.6
* Cumulative through Aug. 31.

27
TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

PEE CENT INCREASE (+) OR
DECREASE (— )

1937

July

August

September

August

September,
Septem- 1928,
from
ber
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

TEXTILES— Continued
Cotton Finishing
White, dyed and printed (outside mills):
Billings, finished goods
thous. of yds..
New orders, gray yardage. _. thous. of yds..
Shipments, finished goods
..casesStocks, finished goods end mo
cases
Operating activity
per ct. of capacity..
Unfilled orders, end of month
days..
Printed only (mills and outside) :
Production
thous of yds
Stocks, end of month
...thous. of yds..
Silk
Imports, raw.
.thous. of lbs_.
Deliveries (consumption) __
bales..
Stocks, end of month:
At warehouses
bales
At manufacturing plants...
bales. _
Silk machinery activity:
Broad looms
per cent of normal
Narrow looms
pprc^rit of normal
Spinning spindles
per cent of normal
Prices:
Raw Japanese 13 15 N Y dolls per Ib
Silk goods composite
dolls per yd
Rayon
Imports
thous. of Ibs
Stocks bonded end of month thous of Ibs
Price 150 denier A grade N Y dolls per Ib

73, 539
72, 961
47, 555
40, 449
62
4.3

70, 029
61, 347
42, 357
38, 907
53
3.6

58, 685
62, 310
40, 500
37, 958
51
3.8

70, 748
71, 743
46, 283
35, 819
54
4.4

69, 805
74, 483
45, 767
33, 410
61
5.0

84, 780
82, 407
52, 399
37, 092
68
5.8

84, 899
87, 386
52, 316
37, 053
72
5.8

-1.3
+3.8
-1.1
-6.7
+13.0
+13.6

-17.8
-14.8
-12.5
-9.8
-15.3
-13.8

73, 520
76, 149

63, 796
79, 416

49, 996
75, 977

54, 495
74, 682

66, 079
75, 161

51, 688

58,673

+21.3
+0.6

+12.6

9,133
46, 367

6,174
46, 051

5,832
40, 931

9,320
50, 821

7,202
47, 797

9,347
47, 042

7,625
50, 107

-22.7
-6.0

-5.5
-4.6

42, 088
23, 523

41, 127
24, 746

38, 866
22, 188

50, 975
24, 429

50,464
22, 786

56, 618
22, 218

58,986
22,100

-1.0
-6.7

-14.4
+3.1

90.8
56.7
56.9

97.4
55.4
57.1

93.0
52.1
62.7

89.8
54.1
52.1

92.7
54.0
66.9

86.8
51.9
73.4

81.9
50.8
77.1

4.998
1.19

4.851
1.18

4.851
1.17

4.851
1.16

5.096
1.16

5.145
1.23

5.096
1.20

902
3,128
1.50

710
3,157
1.50

659
2, 949
1.50

1,248
2,976
1.50

924

1,528
1,052
1.50

1,129
1,875
1.50

1,806
1,658
330

1,902
1,818
463

1,911
1,638
535

2,045
1,895
666

2,151
2,199
710

1,839
1,963
729

370
323

367
322

346
330

407
368

163

159

169

163

3,462
3,312
9,030
3,682
4,794

3,292
3,386
9,011
3,573
4,900

2,786
2,963
8, 916
2,836
4,711 •

1,148
1,019
1,709
1,028

1,113
998
1,761
894

881
942
1,658
852

« 1,098
5
1, 306
fi 1, 570
8
1,236

2,164

2,053

58,124
21, 846
5,422
3,991
4,005

1.50

772,879
764,320
455, 005

655, 447 -15.2
647, 337 -15.3
411, 043 -9.7

566, 830

64,997
413, 248

65, 009
428, 335

0.0
+3.7

+3.2 +13.2
-0.2 +6.3
+28.4 -13.2
+5.1
0.0
-26.0
0.0

0.0
-3.3
11, 775

8,879 -24.6

6 16, 950
617,051
63,450

6 16, 128 -4.8
615,064 -11.7
6 3, 022 -12.4

-18.2
0.0

Clothing
Men's and boys' garments cut:
Suits
thous of garments
Separate trousers
thous of garments
Overcoats
thous of garments
Overalls:
Cut
thous of dozen garments
Net shipments.. thous. of dozen garments. .
Unfilled orders
end of mo
thous. of dozen garments. .

62,935
6 2, 552

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

6 29, 744
e 29, 135

627,302
6 26, 729

6

6 26, 320 -14.4

-8.2
-8.3

3,807
4,016
8,093
3,892
6,018

3,841
4,355
7,695
4,896
6,407

1,016
1,402
1,370
1,213

1,082
1,369
1,434
1,434

1,055
1,464
1,216
1,241

-7.5
+7.4
-12.7
-1.9

-3.7
-4.2
+12.7
-2.3

1,947

1,896

1,696

2,543

2,416

-10.5

-29.8

56, 913
19,672

58,541
18,449

47,766
20,657

43,617
21,004

71, 417
23,768

40,337
18,284

-8.7
+1.7

+8.1
+14.9

458,255
237,942

505,936 +10.4
225, 953 -5.0

5,123
4,274
4,226

5,038
3,814
4 194

5,562
4,201
3,855

4,795
3,852
4,439

3,581
2,749
2,387

3,600
2,901
2,421

+33.2
-13.8
-8.3
+32.8
+15.1 +83.4

33,077
24,866

45,066 +36.2
35,011 +40.8

3,469
3,731
8,648
3,202
4, 076

30, 745

Knit Underwear
Production
thous. of dozen garments
Net shipments
thous. of dozen garments
Stocks end of mo thous of dozen garments
New orders
thous. of dozen garments
Unfilled orders, end
of month
thous of dozon garm0nts
Burlaps and Fibers
Imports:
Burlap
thous. of Ibs..
Fibers (unmanufactured)
long tons

9,403
9,697

9,776
9,786

+4.0
+0.9

10,365

9,699

-6.4

Pyroxylin Coated Textiles
Pyroxylin spread
thous. of lbs._
Shipments billed
thous. of linear yards.
Unfilled orders, end mo.thous. of linear yards..
Cotton Mill Dividends
Fall River mills (quarterly):
Total
thous. of dolls..
Ratio of capitalization ..per ct. per quarter.
New Bedford mills (quarterly):
Total
thous. of dollars _
Ratio to capitalization per ct per quarter

7217
7 594

7241
7 614
7

7346
483

7

7238
335

705 -10.8

7262
643

-10.0
—3.3

-17.2
—7.6

790

7588
7.809

-31.2
—30.6

-59.5
—58.6

1,674

1,181 -29,5

145,052

107, 999 -25.5

7

Fur

Sales by dealers

thous. of dollars. _

12,905

13,840

12, 215

12, 110

10, 244

13, 694

13, 644

-15.4

-24.9

48.8
11,098

46.8
11, 202

29.7
10,847

43.6
10, 746

47.7
10, 593

43.6
9,555

551.2
8 9, 490

+9.4
-1.4

-6.8
+11.6

206
204
199
532

158
187
165
636

110
197
163
646

s 187
6227
5224
600

163
24:
222
482

Buttons
Fresh-water pearl buttons:
Production
ratio to capacityStocks end of month
thous of gross
Ocean pearl buttons:
Production
thous. of gross.
Shipments
thous. of gross..
New orders
_.
thous. of gross ._
S-tocks. end of month
thous. of gross..
4
Revised,



6

Cumulative through Aug. 31.

•

1,613
173 -12.8 -5.8
171
1,860
+6.2 +11.1
217
192
2,178
-0.9 -20.4
279
208
529 -19.7 -8.9
533
7
Quarter ending in month, indicated.

1,692
1,983
2,063

+4.9
+6.6
-5.3

28
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

1

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

September

August

SepSeptember tember,
1928,
Septem1928,
from
ber
from
SepAugust tember,
1928
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1927

Per ct .
increase
or decrease
(-)
cumulative
1928
from
1927

1938

IRON AND STEEL
Iron
Manganese ore, imports thous. of long tons..
16
Iron ore:
Imports
-_thous. of long tons. _
211
Shipments from mines.thous. of long tons..
5, 363
ReceiptsLake Erie ports and
furnaces
thous. of long tons__
2,848
Other ports
thous. of long tons
1,517
Consumption
thous. of long tons __
4,948
Stocks, end of monthTotal
thous. of long tons
18, 877
At furnaces
thous. of long tons..
13, 942
On Lake Erie docks thous of long tons
4,935
Pig-iron production:
Total, United States... thous. of long tons_.
3,284
Merchant furnaces
thous. of long tons..
631
Canada
thous. of long tons..
88
Furnaces in blast, end of month:
Furnaces
. number ._
198
Capacity
long tons per day. . 106, 145
Per cent of total
per cent..
57.7
MeltingsActual
..
long tons..
Normal
long tons
Ratio to normal per cent of normal. _
Stocks, end of month, .per cent of normal-Receipts
per cent of normal
Malleable castings:
Production
short tons..
Operating activity
per ct. of capacity. _
Shipments
short tons
New orders
short tons _
Wholesale prices:
Foundry, No. 2,
northern
__ dolls, per long ton..
Basic (valley furnace) dolls, per long ton
Composite pig iron
dolls, per long ton.

-42.3

-58.3

235

146

-37.9

225
7,230

-6.6
-5.4

-6.2
+21.0

2,062
42, 386

1,889
41, 267

-8.4
-2.6

6,451
2,274
4,368

5,493
1,832
4,089

-8.8
-3.9
-3.2

+6.1
+47.9
+12.7

29, 792
11, 305
41, 103

27, 342
12, 320
41, 904

-8.2
-9.0
+1.9

35, 808
29,708
6,100

35, 803
29, 728
6,075

39, 296
32, 527
6, 769

+12.8
+14.1
+6.7

-8.9
-8.7
-9.9

3,137
575
92

3,062
585
91

2,947
733
63

2,775
685
52

-2.4 +10.3
+1.7 -14.6
-1.1 +75.0

28, 104
6,760
570

27, 793 -1.1
5,613 -17.0
746 +30.9

185
98, 445
54.6

183
98, 730
54.3

197
10.6, 755
58.1

187
93,800
51.7

179
90, 800
49.4

+7.7 +10.1
+8.1 +17.6
+7.0 +17.6

19, 382
18, 454
105.0
146
99

19, 967
19, 365
103.0
127
107

12, 932
12, 497
103.4
129
99

14, 586
16, 155
90.2
131
90

17, 559
20, 217
86.8
82
72

13, 298
16, 284
81.6
117
82

+12.8 +9.7
+29.3 -0.8
-12.8
+10.5
+1.6 +12.0
-9.1 +9.8

143, 918
170, 157

142, 395 -1.1
140, 949 -17.2

56, 412
66.0
53, 222
50, 489

56, 259
63.3
54, 937
48, 132

49, 991
58.6
50, 035
49, 564

56, 507
66.9
54,020
52, 214

52, 227
62.3
51, 208
51, 506

47, 166
47.4
46, 306
39, 897

41, 155
41.9
42,500
35, 492

-7.6
-6.9
-5.2
-1.4

+26.9
+48.7
+20.5
+45.1

463, 603

485, 176

449, 899
411, 696

467, 770 +4.0
459, 500 +11.6

18.96
16.30
18.18

18.51
15.45
17.97

18.41
16.00
17.79

18.28
16.00
17.78

18.64
16.19
18.04

19.36
17.30
19.00

19.26
17.06
18.89

+2.1
+1.2
+1.5

-3.2
-5.1
-4.5

14, 232
12, 166
14, 888
91, 098

12, 094
13, 071
14, 765
89, 723

10, 581
12, 302
12,950
87, 993

12, 881
14, 422
12, 551
86, 141

13, 655
17, 021
14, 504
82, 931

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

22, 733
22, 311
20, 340
113, 561

+6.0
+18.0
+15.6
-3.7

-39.9
-23.7
-28.7
-27.0

201, 015
167, 904
170, 128

113,904
110, 298
112, 527

34, 790
20, 268
29, 021
181, 972

31, 238
25, 165
29, 779
188, 078

19, 541
28,247
32,164
179, 539

38, 693
26, 760
36, 212
41, 989
31, 809 * 36, 527
182, 367
167, 063

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

29, 682
30, 687
25,112
111, 499

-30.8 -9.8
+16.0 +36.8
+14. 8 +45.5
-8.4 +49.8

212, 669
175, 512
179, 686

270, 371 +27.1
221, 533 +26.2
229, 584 +27.8

16, 513
9,730
13, 572

13, 363
11, 665
12, 394

11,388
13, 285
14, 844

140, 552
113, 152
116, 999

129, 993
105, 276
112, 945

13

22

26

15

23

189
8, 926

183
8,981

226
9,243

211
8,748

304
8,776

6,199
2,613
4,667

6,078
2,655
4,633

6,390
2,819
4,761

5, 827
2,710
4,608

22, 981
17,913
5,068

27, 209
21, 824
5,385

31,754
26, 036
5,718

3,082
633
97

3,072
607
95

189
100, 855
55.3

13, 887
13, 434
103.3
150
106

36

+4.7

Cast-Iron Boilers and Radiators
Round boilers:
Production
..thous. of Ibs
Shipments
thous. of Ibs
New orders
thous. of lbs__
Stocks, end of month
thous. of Ibs..
Square boilers:
Production
. . . thous. of Ibs
Shipments..
..thous. of lbs_.
New orders
. .thous. of Ibs
Stocks, end of month
thous. of Ibs. _
Radiators:
Production -.thous. sq. ft. heating surface. _
Shipments. ..thous. sq. ft. heating surface..
New orders.. thous. sq. ft. heating surface..
Stocks, end of
month
thous. sq. ft. heating surface..
Gas-fired boilers:
Shipments
dollars. _
Shipments
thous. B. t. u__
Production
thous. B. t. u__
Stocks, end of month..
thous. B. t, u__

15, 914
16, 951
15, 753

13, 770
18, 092
16, 533

16, 828
17, 904
18, 606

17, 453
17, 304
15, 768

-13.5
+6.7
+5.0

-21.1
+4.6
+4.9

72, 902

58, 610

58, 887

-5.6

+23.8

77, 926

79,549

78, 279

77, 267

162, 167
122, 843
164, 434
993, 425

230, 250
182, 195
135, 711
960, 656

266, 627
224,098
125,000
852, 822

288, 954
239, 048
168, 547
778,337

3,743
76
117

3,812
81
83

4,178
82
89

4,148
88
100

3,499
70
77

3,269
68
54

-0.7 +26.9
+7.3 +29.4
+12.4 +85.2

3,637
16, 359

3,571
16, 134

3,624
18, 597

3,698
17, 418

3,196
14, 289

3,148
13, 276

+2.0 +17.5
-6.3 +31.2

91, 387
63
30, 742
60, 645

78, 324
54
27, 501
50, 823

s 87, 320
60
27, 157
« 60, 163

75, 199
52
25, 311
49, 888

87, 004
60
32, 397
54, 607

70, 024
49
25, 618
44, 406

-13.9 +7.4
-13.3
+6.1
-6.8 -1.2
-17.1 +12.3

71, 745
50
22, 597
49, 148

66, 667
46
20, 483
46, 184

5 81, 452
56
25, 171
« 56, 281

82, 173
57
35, 234
46, 939

63, 528
44
21, 144
42, 384

52, 351
36
18, 396
33, 955

+0.9 +57.0
+1.8 +58.3
+40.0 +91.5
+38.2
-16.6

311, 629
94.3

267, 685
82.2

329, 396
92.8

318, 907
101.0

266, 645
80.3

220, 919
62.6

151, 606
50, 702

161, 933
55, 280

154, 461
51, 636

146, 832
44, 519

-43.3
-34.3
- 33. 9

-7.5
-7.0
-3.5

6
1, 513, 246
e6 1, 225, 525
1, 271, 028

Crude Steel
Steel ingots, production:
United States, total thous. of long tons..
4,203
Ratio to capacity
per cent..
83
Canada
thous. of long tons
118
U. S. Steel Corporation:
Unfilled orders,
end of month
thous. of long tons..
3,417
Earnings
thous. of dolls
16, 647
Steel castings:
ProductionTotal
--- short tons
92, 948
Ratio to capacity
per cent..
64
Railroad specialties
short tons
36, 599
Miscellaneous
short tons
56, 349
New ordersTotal
short tons
86, 414
Ratio to capacity
per cent
60
Railroad specialties
short tons__
34, 995
Miscellaneous
short tons
51, 419
Sheets, black, blue, galvanized, and
full
finished:
$
ProductionTotal
.
net ton
349, 367
Ratio to capacity
per cent..
95.6
Stocks, end of monthTotal .
net tons.. 166, 711
Unsold
„,,„„, .net tons..
54,047
5 Revised.




6

-3.2
+8.8

+44.4
+61.3

-4.9
-13.8
Cumulative through Aug. 31.

-5.8
-16. 5

169, 315
54, 553

155, 865
53, 311

33, 779
674

36, 931

+9.3

921 +36.6

133, 049

140, 016

+5.2

784, 977

765, 773

-2.4

310, 203
474, 774

284, 810
480, 963

-8.2
+1.3

727, 314

737, 222

+1.4

300, 727
426, 587

284, 654
452, 568

-5.3
+6.1

2, 549, 340

2, 918, 126 +14.5

29
TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

Septem-

September

August

September,
1928,
from
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

Per ct.

increase
(
ort>
decrease
(-)
cumu
lative
1928
from
1927

IRON AND STEEL— Continued
Crude Steel— Continued
Sheets, black, blue, galvanized, and
L full finished— Continued
Shipments
net tons
326, 324 308, 741 278, 310 324, 691
v
! 5 N e w orders
net tons
250, 316 318, 902 333, 357 254, 397
Unfilled orders, end of month
net tons.. 527, 477 526, 798 550, 468 498, 023
Steel barrels:
Production
barrels
712, 779
677, 313
647, 844
696, 281
61.4
57.8
Ratio to capacity
per cent
59.8
55.5
Shipments
barrels
694, 843
717, 496
675, 600
645, 881
53,868
57, 544
Stocks, end of month
barrels
58, 585
55, 831
Unfilled orders, end of month
barrels. _ 1, 257, 117 1, 159, 756 1, 243, 412 1, 064, 358
Track work, production.
short tons..
11, 040
14, 141
13, 716
11, 776
Iron, steel, and heavy hardware
204
sales
rel to Jan , 1921
215
204
187
282
Lock washers, shipments..
thous. of dolls ._
282
287
257
Wholesale prices:
Steel billets, Bessemer dolls, per long ton
32.25
33.00
32.00
32.00
Iron and steel, comp
dolls, per long ton..
35.34
34.93
35.55
34.91
Structural steel beams. __ dolls, per 100 lbs__
1.85
1.85
1.85
1.88
Composite finished steel.dolls. per 100 lbs._
2.48
2.49
2.48
2. 48

230, 443
258, 427
350, 117

0 6 +40.1
+45.8 +43.5
+8.4 +54.2

2, 473, 069
2, 245, 620

2, 820, 694 +14.1
2, 780, 550 +23.8

593, 255
615, 152
521, 899
50.2
47.4
56.2
595, 640
610, 454
525, 374
55, 059
57, 413
53, 938
996, 820 1, 106, 604 1, 124, 437
10, 767
13, 387
10, 999

-12.4 +13.7
-13.1 +5.9
-11.8
+13.4
-4.3 +2.1
-6.3 -11.3
-2.5 -2.1

5, 107, 025

5, 627, 004 +10.2

5, 099, 877

5, 624, 451 +10.3

322, 876
370, 936
539, 960

266, 713
177, 647
312, 662

207
257

200
228

203
203

-3.7
-8.9

+2.0
+26.6

32.00
35.17
1.85
2.50

33.00
36.24
1.80
2.53

33.00
36.22
1.83
2.51

0.0
+0.7
0.0
+0.8

-3.0
-2.9
+1.1
-0.4

131, 872

110, 712

-16.0

2,226

2,383

+7.1

Fabricated Steel Products
Structural steel, fabricated:
New orders (prorated)
short tons .
Ratio to capacity
per cent
Shipments (prorated)
short tons
Ratio to capacity
per cent
Steel plate, fabricated, new orders:
Total..
_ short tons .
Ratio to capacity
per cent
Oil-storage tanks
short tons
Steel bars, cold finished, shipments.short tons..
Steel boilers, new orders:
Quantity
.__ number
Area..
_.
thous. of sq. ft..
Steel furniture:
Business group —
Shipments . .
thous. of dolls
New orders..
thous. of dolls
Unfilled orders, endmo.thous. of dolls. _
ShelvingShipments
thous. of dolls
New orders
thous. of dolls
Unfilled orders, end mo_thous. of dolls..
Iron and steel:
Exports...
long tons..
Imports
__
-long tons..
Enameled Ware
Baths:
Shipments
pieces
Stocks, end of month
pieces..
New orders
pieces..
Unfilled orders, end of month
pieces
Lavatories:
Shipments
pieces. _
Stocks end of month
pieces
New orders
_pieces_.
Sinks:
Shipments
pieces..
Stocks end of month
pieces
New orders
pieces..
Miscellaneous sanitary ware:
Shipments
pieces..
Stocks, end of month
pieces..
New orders
_
pieces..
Small ware (all except baths) :
Unfilled orders, end of month
.pieces..
Enameled sheet-metal ware:
Shipments
dozen pieces
Porcelain flat ware:
New orders—
Total
thous. of sq ft
ShipmentsTotal
Ratio to capacity

thous. of sq. ft
per cent

311, 250
303, 750
81
83
262, 500 8 255, 000
868
70

296, 250
356, 250
79
95
270, 000 6 296, 250
. 72
579

315, 000
84
277, 500
74

273, 750 8 266, 250
73
71
285, 000
270, 000
72
76

-11.6 +18.3
-11.6
+18.3
-6.3 +2.8
-6.3 +2.8

2, 280, 000

2, 553, 750 +12.0

2, 156, 250

2, 283, 750

+5.9

-14.9 +4.0
+4.2
-16.7
-25.1 +20.4
+2.1 +57.5

387, 618

383, 801

-1.0

170, 039
325, 190

171, 267 +0.7
367, 094 +12. 9

42, 376
53
14, 849
39, 431

35, 202
44
12, 204
39, 542

35, 959
47
16, 881
39, 943

47, 245
60
24, 807
42, 993

40, 225
50
18, 572
43, 893

48, 577
60
29, 691
30, 300

38, 662
48
15, 421
27, 860

1,571
1,456

1,611
1,470

1,615
1,528

1,649
1,460

1,420
1,251

1,517
1,569

1,312
1,152

-13.9
-14.3

+8.2
+8.6

12,389
12, 771

12, 466
11, 834

+0.6
-7.3

3,213
3,086
2,233

3,009
2,764
1,993

2,515
2,594
2,072

2,565
2,619
2,118

2,754
2,689
2,062

2,475
2,382
1,412

2,219
2,368
1,558

+7.4
+2.7
-2.6

+24.1
+13.6
+32.3

23, 129
23, 023

25,913
26, 494

+12.0
+15.1

769
733
753

720
737
729

723
713
706

836
863
734

678
800
754

604
592
669

531
608
738

-18.9
+27.7
-7.3 +31.6
+2.7 +2.2

5,476
5,606

6,636
6,938

+21.2
+23.8

267, 890
55, 092

262, 052
56, 573

253, 336
33, 465

287, 297
54, 062

228, 056
47, 685

175, 637
51, 596

166, 352
46, 573

-20.6
-11.8

+37.1
+2.4

1, 664, 359
407, 136

125, 522
135, 793
127, 780
136, 238

119, 297
120, 723
113, 017
121, 061

111,067
113, 430
101, 603
101, 560

6 103, 878
8 122, 167
8 96, 876
68, 263

86, 342
134, 749
76, 074
53, 303

116, 443
127 324
110, 916
41, 183

97, 129
129, 559
100, 413
43, 703

-16.9
+10.3
-21.5
-21.9

-11.1
+4.0
-24.2
+22.0

909, 792

895, 001

-1.6

921, 976

992, 733

+7.7

141, 458
183, 173
139, 110

131, 623
173, 898
138, 113

120, 600
164, 830
104, 262

8 114, 070
8 161, 276
8 102, 140

94, 383
168 211
89, 126

126, 534
220 381
126, 027

118, 257
196, 259
119, 850

-17.3
+4 3
-12.7

-20.2
14 3
-25.6

1, 001, 200

1, 014, 031

1, 017, 837

1, 126, 603 +16.7

143, 791
239, 678
145, 004

128, 298
227, 929
128, 368

122, 593
213, 539
116, 236

s 116, 497
e 216, 338
8 96, 380

101, 777
216, 255
99, 749

131, 752
238, 763
131, 053

118, 159
222, 824
126, 112

-12.6
0.0
+3.5

-13.9
-2.9
-20.9

1, 035, 293

1, 041, 403

+0.6

1, 052, 293

1, 150, 363

+9.3

53, 353
113, 088
55, 012

48, 221
111,141
47, 197

48, 550
110, 330
41, 605

8 54, 003
8 95, 958
8 41, 692

44, 910
103, 509
44, 707

55, 030
127, 827
54, 102

50, 616
136, 902
50, 129

-16.8
+7.9
+7.2

-11.3
-24.4
-10.8

441, 360

432, 820

-1.9

434, 512

451, 442

+3.9

155, 483

-10.7

+30.0
6 2, 689, 631 8 2, 770, 676

+3.0

2, 127, 431 +27.8
447, 874 +10.0

+1.3

348, 844

315, 920

274, 135

174, 072

120, 949

119, 608

348, 661

299, 078

277, 684

358, 811

329, 843

310, 823

5,628
47

5,477
49

4,457
40

6,233
55

5,285
4J

6,129
48

6 47, 198

6 45, 048

-4.6

6,924
58

5,322
47

4,665
41

5,495
49

5,937
47

6,849
53

6 51, 077

6 46, 448

-9.1

89, 661

75, 631

57, 702

65, 164

728, 616

718, 233

-1.4

708, 217
583, 010
13, 855
62, 396

758, 922
614, 979
12, 631
74, 279

+7.2
+5.5
-8.8
+19.0

384, 778
-16.5 -5.4
8,469
-20.5 +34.8
' Quarter ending in month indicated.

411,913
19,003

+7-1
+124. 4

Machinery
Vacuum cleaners, shipments
Washing machines, shipments:
Total
Electric
Water softeners, shipments
.
Water systems, shipments
Pumps:
Domestic shipmentsPitcher, hands, etc
Power, horizontal type
5
Revised.




number

7 212, 829

89, 222

.number
number..
units
units

88, 164
70, 922
1,480
8,997

79, 962
63, 531
1,235
9,624

78, 564
62, 337
1,218
8,815

92, 955
74, 253
1,402
9,471

98, 065
80, 770
1,187
8,495

75, 155
63, 606
1,595
8,601

.units. _
units..

40, 190
2,305

43, 693
1,842

8 38, 867
2,251

48, 729
2,528

40, 677
2,011

39, 969
994

e Cumulative through Aug. 31.

84, 795
70, 227
1,674
8,211
43, 007
1,492

+36.9
+5.5 +15.6
+8.8 +15.0
-29.1
-15.3
+3.5
-10.3

30

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

September

August

September,
Septem1928,
from
ber
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1928

Per ct.
increase

(

-y

or decrease
(-)
cumulative
1928
from
1927

IRON AND STEEL— Continued
Machinery— Continued
Pumps— Continued.
Steam, power, and centrifugalNew orders
thous. of dolls
Shipments
thous. of dolls
Unfilled orders end mo thous of dolls
Agricultural machinery and equipment:
ShipmentsTotal
rel to 1923-2.5
Domestic
rel to 1923-25
Foreign
rel to 1923-25
Production
rel. to 1923-25
Foundry equipment:
New Orders
rel. to 1922-24
Shipments _
rel. to 1922-24
Unfilled orders, end mo
rel. to 1922-24..
Stokers, mechanical, sales:
Quantity..
.number
Power
horsepower..
Machine tools:
New orders
rel. to 1922-24
Shipments
rel. to 1922-24
Unfilled orders, end of mo.-rel. to 1922-24..
Electric hoists:
New orders —
Quantity
number
Value
_
dollars
Shipments--dollars..
Electric overhead cranes:
Shipments
thous. of dolls. .
New orders
.thous. of dolls. _
Unfilled orders, end of mo.. thous. of dolls..
Woodworking machinery:
New orders
_
thous. of dolls
Shipments
thous. of dolls. _
Shipments.
number of machines
Cancellations
thous. of dolls. _
Unfilled orders, end of mo__thous. of dolls. .
Electric industrial trucks and tractors:
Shipments, domesticTractors. ._
number of vehicles
All other types
number of vehicles. .
Exports
.
number of vehicles
Fire-extinguishing equipment, shipments:
Motor vehicles
number
Hand types
numberPatents issued:
Total, all classes
..number.
Agricultural implements
number. .
Internal-combustion engines
number

1,428
1,518
3,239

1,505
1,640
3,088

1,460
1,553
2,984

1,579
1,520
3,023

1,405
1,369
3,056

186.6
186.2
188.3
145.8

219.3
222.4
202.8
142.4

213. 7
207.8
244.7
142.0

5 219. 7
5 187. 6
5 387. 5
5 146. 1

180.0
147.9
347.3
146.0

335.6
104.7
344.5

149.1
129.4
359.3

94.8
124.8
332.1

278.0
154.1
467.2

130
38, 705

* 162
s 42, 628

M86
3 58, 670

205
204
345

215
193
348

462
204, 550
190, 174

-11.0
+19.3
-10.9 +12.1
+1.1 +3.6

13, 176
12, 947

12, 782
12, 643

-3.0
-2.3

1,129
407, 223

1,172
401, 318

+3.8
-1.5

1,489
1,474

1,178
1,221
2,950

234.0

177.6
166.8

s 115. 6

157.2
134.4
277.0
5 106. 2

170.0
129.7
529.5

106.4

80.4

-38.8 +111.4
-15.8
+13 3

162
51, 572

161
65, 060

160
60, 977

104
27, 843

-0.6 +54.8
+26.2 +133. 7

204
181
420

241
208
428

265
205
441

170
118
278

106
128
266

+10.0 +150. 0
-1.4 +60.2
+3.0 +65.8

442
181, 205
195, 807

394
204, 636
177, 404

402
180, 365
193, 248

447
228, 510
172, 986

278
162, 594
128, 331

300
147, 323
151, 674

+11.2 +49.0
+26.7 +55.1
-10.5 +14.1

547
708
1,671

600
573
1,688

463
733
1,800

564
821
1,952

464
713
2,188

729
483
2,278

653
684
2,273

-28.9
+4.2
-3.7

7,145
6,299

1, 985
1,490
1,082
25
2,058

1,173
1,319
871
44
1,873

1,247
1,264
932
32
1,838

1,641
1,436
1,170
6
2, 058

1,639
1,413
1,050
26
2,265

1,207
1,214
1,089
12
1,200

1,182
-0.1 +38.7
1,380
-1.6
+2.4
1,093 -10.3
-3.9
21 +333. 3 +23.8
990 +10.1 +128. 8

11,513
12, 060
9,636
128

12, 721 +10.5
11, 695 -3.0
8,910 -7.5
228 +78.1

8
93
13

6
96
14

5
87
15

5
85
6

11
102
5

3
87
2

8 +120. 0
66 +20.0
5 -16.7

+37.5
+54.5
0.0

101
772
83

82 -18.8
863 +11.8
102 +22.9

107
55, 033

97
48, 123

105
48, 897

125
47, 490

136
42, 179

143
48, 101

122
46, 255

+8.8
-11.2

+11.5
-8.8

1,101
448, 518

943
424, 625

-14.4
-5.3

4,248
56
63

4,275
24
42

3,107
44
59

3,390
29
43

3,039
40
42

3,815
46
67

2,792
37
34

-10.4 +8.8
+37.9 +8.1
-2.3 +23.5

31, 144
456
611

31, 249
364
456

+0.3
-20.2
-25.4

73,729
85, 745
129, 236
153, 414
79, 103
56, 667

73, 224
88, 398
131, 024
156, 474
81, 436
50, 261

73, 426
83, 875
135, 092
153, 190
82, 245
47, 855

5 76, 952
88, 517
143, 560
158, 838
83, 398
41, 186

77, 387
85, 795
137, 018
154, 518
88, 707
36, 190

67, 248
78, 245
119, 786
135, 015
71, 736
46, 571

65, 936
74, 418
119, 100
133, 291
71, 578
46, 137

+17.4
+15.3
+15.0
+15.9
+23.9
-21.6

625, 717
719, 360
1, 104, 387
1, 222, 132
636, 099
389, 804

66, 288
241, 755
.1420

58, 809
251, 694
.1453

54, 871
257, 673
.1453

54, 793
254, 433
. 1453

51, 812
255, 622
.1472

93, 654
253, 886
.1297

86, 493
246, 517
.1294

-5.4 -40.1
+0.5 +3.7
+1.3 • +13. 8

431
407
1,134
371
258

400
364
1,157
310
185

367
365
1,124
346
247

430
387
1,120
408
285

403
423
1,099
412
320

422
426
1,320
413
256

409
417
1,242
440
265

-6.3 -1.5
+9.3 +1.4
-1.9
-11.5
+1.0 -6.4
+12.3 +20.8

402

414

405

457

453

398

396

-0.9

+14.4

6,110

3,040

-18.1
-21.2
10 4
-0.1

-17.7
-13.2
+12.1

+14.5
+10.0
+25.4
+37. 5

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

3,843 +52.0
1, 790, 816 +39.9
1, 633, 428 +38.7
4,996
5,539

-30.1
-12.1

NONFERBOUS METALS
Copper
Production:
Mines
_ _
short tons
Smelter
short tons
Refined (N. and S. America).. .short tons..
World production, blister
short tons..
Domestic shipments, refined
short tons..
Exports
short tons..
Stocks (North and South America), end mo.:
Refined
short tons.
B lister
short tons
Wholesale price, electrolytic
dolls, per lb_.
Wire Cloth
Production
Shipments
Stocks, end of month
New orders
Unfilled orders, end of mo
Make and hold orders, end
ofmonth__
Tin
Deliveries (consumption).
Stocks, end of month:
World visible supply...
United States
Imports
Wholesale price, Straits, N. Y

thous. of sq.
thous. of sq.
thous. of sq.
thous. of sq.
thous. of sq.

ft_.
ft..
ft
ft
ft..

thous. of sq. ft

+0.6
31
-4.6
-2.7
+6.4
-12.1

long tons

5,335

6,950

5,545

7,200

6,885

6,895

-4.4

+12.7

. long tons
long tons..
long tons..
dolls, per lb._

17, 064
3,708
7,045
.5154

16, 231
2,148
5,050
.4794

18, 022
2,878
4,772
.4704

18, 456
1,718
6,584
.4801

19, 924
3,508
8,187
.4807

14, 487
2,201
8,560
.6447

15, 083
+8.0
1,973 +104. 2
4,938 +24.3
.6149
+0.1

+32.1
+77.8
+65.8
-21.8

Retorts in operation, end of month. ..number..
Per cent of total
per cent..
Production
short tons
Stocks, end of month
short tons..
Ore, Joplin district:
Shipments
short tons _
Stocks, mines, end of month ...short tons..
Price, slab, prime western..
dolls, per lb._
s Revised.



70, 260
57.2
53, 422
45, 225

65, 680
53.4
50, 825
44, 468

62, 384
53.9
50, 890
42, 210

66, 428
57.4
52, 157
44, 416

61, 965
53.4
49, 361
47, 915

76, 851
57.1
49, 012
34, 587

74, 435
56.6
47, 735
34, 277

-6.7 -16.8
-7.0
-5.7
5 4 +3.4
+7.9 +39.8

50, 630
41, 747
.0603

64, 531
32, 266
.0616

43, 227
31, 679
.0620

43, 466
39, 303
.0625

41, 429
48, 474
.0625

61, 749
24, 934
.0634

55, 308
28, 806
.0621

-4.7 -25.1
+23.3 +68.3
0.0 +0.6

4, 075
3,722

650, 658 +4.0
752, 851 +4.7
1, 175, 297 +6.4
1, 349, 795 +10.4
698, 378 +9.8
421, 106 +8.0

3,912
3,681

-4.0
+1.1

3,459

+3.2

56, 285

58, 090

55, 192

60, 989 +10.5

Zinc
+1.4

461, 799

468, 485

508, 190

427, 663 -15.8

31
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulative* shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

Sep-

May

July

June

August

Septem-

August

September

September, tember,
1928,
1928,

from
from
SepAugust, tember,

1928

1937

1928

1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

NONFERROUS METALS— Continued
Lead
Production
_.
_
short tons
Ore shipments:
Joplin district
..
.short tons
Utah
short tons
Receipts in U. S. ore
short tons
Stocks, U. S. and Mexico, end mo. short tons
Price, pig, desilverized, N. Y
dolls, per lb._

51, 481

51, 501

48, 671

8 53, 403

55, 662

55, 830

53,204

+4.2

+4.6

516, 624

478, 261

-7.4

6,352
61, 790
53, 991
159, 375
.0612

13, 277
77, 074
54, 185
163, 709
.0630

6,623
56, 395
49, 305
158, 919
.0622

6,125
78, 811
53, 575
156, 976
.0625

9,326
65, 353

6,439
80, 362
50,995
160, 134
.0630

+52.3
-17.1

+44.8
-18.7

74, 949
602, 440
6 442, 051

68, 693
622, 997
6 421, 136

-8.3
+3.4
-4.7

.0645

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

+3.2

+2.4

4,731
1,106
3,625

4,693
900
3, 793

4,756
*940
3, 816

5,308
999
4,309

5,497
1,008
4,489

4,792
676
4,117

+11.6
+6.3
+12.9

+10.8
+47.8
+4.7

46, 025
9,371
36, 654

43, 265
9,037
34, 227

-6.0
-3.6
-6.6

345, 169
148, 148
168, 420
28, 601

266, 219
110, 104
134, 350
21, 765

325, 688
147, 470
161, 034
17, 184

448, 155
188, 711
216, 481
42, 963

s 410, 474 « 495, 307 +37.6
8 162, 971 8 182, 209 +28.0
5 228, 463 8 287, 667 +34.4
25, 431 +150. 0
19,040

-9.5
+3.6
-24.7
+68.9

3, 806, 104
1, 405, 602
2, 196, 601
203, 901

3, 244, 020 -14.8
1, 322, 579 -5.9
1, 685, 518 -23.3
235, 923 +15.7

141, 448
144, 385

114, 343
121, 415

127, 797
142, 487

150, 845
139, 183

133, 309
148, 148

127, 608
127, 530

+ 18.0
-2.3

+18.2
+9.1

1, 311, 267
1, 346, 532

1,397,097
1, 405, 051

48, 038
44, 833

61, 688
47, 856

37, 846
44, 377

55, 850
50,606

44, 632
48,291

37, 776
44, 852

+47.6
+14.0

+47.8
+12.8

328, 382
334, 202

62, 697
114,467
386, 174
2,361
1,165
1,145

62, 536
119, 744
311, 889
1,897
755
660

Other Metal Products
Babbitt metal, consumption:
4,607
Total apparent
thous. of lbs__
1,028
Direct by producers
thous. of Ibs
3,578
Sale to consumers
thous. of Ibs. .
Band instruments, shipments:
8 350, 366
Total . .
. . . dollars
Cup mouthpieces
dollars _ « 149, 901
Saxophones
.dollars. _ 8 174, 561
25,904
Woodwind
dollars..
Pails and tubs, galvanized:
Production
dozens.. 177, 170
155, 561
Shipments
dozens
Other galvanized ware:
39,206
Production
. dozens
35, 143
Shipments „
dozens

5

Electrical Equipment
Electrical porcelain, shipments:
66, 968
Standard
dollars. . 70, 674
106, 503
111, 803
Special
dollars. _ 133, 524 128, 243 132, 762 129, 813
540, 212
High tension
dollars
514, 307
637, 602
649, 599
2,172
Glazed nail knobs
thous. of pieces
2,597
4,079
4,328
1,557
Unglazed nail knobs. . thous. of pieces
1,349
2,065
2,401
873
1,239
Tubes
thous. of pieces
3,237
2,542
Laminated phenolic products,
857, 478 1, 020, 948 1, 125, 767 1, 356, 179
shipments . . _
dollars
Outlet boxes and covers, shipments
pieces.. 2, 763, 094 2,779,032 2, 769, 866 3, 049, 567
Vulcanized fiber:
662
Shipments, total
thous. of dolls. _
626
591
561
3,092
Consumption
thous. of Ibs..
3,098
2,805
2,606
109, 804
Industrial reflectors , sales
units
117, 104
115, 929
122, 124
2,130
Power cables, shipments
.thous. of ft..
1,947
1,738
2,138
Flexible cords:
41,35
Shipments
thous. of ft
37, 803
51,062
37, 328
45,14
Stocks, end of month
thous. of ft
46, 882
46,411
47, 351
Welding sets, new orders:
2 *
Single operator
.
units
206
294
228
11
Multiple operator..
units..
2
10
8
8,939
Nonmetallic conduits, shipments.-thous. of ft..
7,645
6,373
6,960
5,668
Electric furnaces, new orders
kilowatts
4,958
6,493
4,861
Manufactured mica:
279
Shipments..
thous. of dolls .
270
265
283
196
Unfilled orders, end of mo thous. of dolls
305
304
290
Delinquent accounts, electrical trade:
196, 243
Amount
dollars
165, 775
151, 476
167, 136
1,488
Delinquent
firms
number. _
1,291
1,191
1,384
AUTOMOBILES
Production:
United StatesTotalnumber of cars.. 425, 863 8 396, 864
Passenger cars
number of cars.. 375, 863 8 356, 622
50, 000 8 40, 242
Trucks .
.
number of cars
Canada—
33, 942
Total
number of cars
28,399
29, 764
Passenger cars ..
number of cars .
25, 341
4,178
Trucks
number of cars
3,058
Exports (assembled) :
From United States47, 912
Total
number of cars
47, 171
38, 851
Passenger cars
number of cars..
36, 038
9,061
11, 133
Trucks
number of cars .
From Canada6,157
Total
number of cars..
5,589
4,511
4,431
Passenger cars
number of cars
Trucks
number of cars. .
1,646
1,158
Shipments (General Motors Co.)—
To dealers
number of cars. _ 207, 325 186, 160
224, 094
To users
number of cars
206, 259
Accessories and parts:
Shipments215
200
Original equipment _.rel. to Jan., 1925..
183
150
Replacement parts.. _rel. to Jan., 1925..
113
110
Accessories
rel. to Jan., 1925..
157
Service parts
rel to Jan , 1925
140
Exports
thous. of dolls..
11, 491
11, 838
Rim production
thous. of rims
2,186
2,429
New passenger-car registrations:
351, 332
Total
number of cars
317, 032
14, 642
Highest price group
number of cars..
11, 648
Second highest group
number of cars..
72, 993
64, 480
Third highest group. ._
number of cars
102, 890
90, 176
Lowest price group
..number of cars.. 159, 926 150, 028
Miscellaneous
number of cars..
881
700
8 Revised.



5
5

392, 121 5 461, 356
338, 792 8 400, 593
8 53, 329 5 60, 763

6 652, 085
6 1, 067, 898

739
1,896
125, 802

36,005
58, 556

46,632
51,091

137
23
9,713

133
26
9,235

389, 364 +18.6
369, 246 +10.5

6 606, 424
e 998, 397
e 4, 155, 191
6 22, 484
e 11, 867
e 12, 235

-7.0
-6.5

6 4, 605, 207 « 7, 471, 634 +62.2
17,568, 207 6 21,900, 267 +24.7

929, 872 1, 033, 466
2, 645, 760 2, 228, 162
731
2,461
120, 353

+6.5
+4.3

6

6

6 6, 162
6 20, 765
986, 679

6 5, 071 -17.7
6 22, 063 +6.3
6 965, 644 -2.1
6 14, 904
6 320, 154

6 1, 082
697
o 79, 245

e 1, 790 +65.4
6118 +21.6
6 60, 887 -23.2
6 39, 907

141, 101
1,223

166, 683
1,585

145, 031 -15.6
1,320 -11.6

413, 722
358, 872
54, 850

308, 826
274, 381
34, 445

260, 387
226,443
33, 944

-10.3
-10.4
-9.7

+58.9
+58.5
+61.6

2, 906, 672
2, 540, 312
366, 360

3, 469, 075 +19.3
3, 064, 237 +20.6
404, 838 +10.5

-2.7
-7.3

25, 226
20, 122
5,104

31, 245
24, 274
6,971

21, 193
16, 572
4,621

12, 526
10, 139
2,387

11, 262
8,681
2,581

-32.2
-31.7
-33.7

+88.2
+90.9
+79.0

161, 583
133, 184
28, 399

202, 652 +25.4
168, 833 +26.8
33, 819 +19.1

51, 679
38, 880
12, 790

49,007
32, 815
16, 192

30, 559
22, 494
8,065

32, 059
23, 294
8,765

26, 273
19, 033
7,240

-37.6
-31.5
-50.2

+16.3
+18.2
+11.4

311, 206
229, 384
81, 822

384, 583 +23.6
288, 493 +25.8
96, 081 +17.4

8,021
6,545
1,476

11,011
7,985
3,026

8,670
6,279
2,391

4,634
3,020
1,614

3,872
2,856
1,016

-21.3 +123. 9
-21.4 +119. 9
-21.0 +135. 3

47, 838
33, 260
14, 578

54, 614 +14.2
39, 860 +19.8
14, 754 +1.2

169, 473
177, 728

186, 653
187, 463

167, 460
148, 784

155, 604
158, 619

140, 607
132, 596

-10.3
-20.6

+19.1
+12.2

1, 316, 597
1, 266, 445

1, 6Q6, 902 +22.0
1, 576, 709 +24.5

203
148
112
120
12, 571
2,210

230
176
147
148
13, 858
2,319

218
185
122
140
10, 079
2,316

155
169
115
134
9,741
1,826

139
181
163
127
7,962
1,727

-5.2
+5.1
-17.0
-5.4
-27.3
-0.1

+56.8
+2.2
-25.2
+10.2
+26.6
+34.1

82,094
16, 653

101, 519 +23.7
19, 814 +19.0

324, 021
11, 310
67, 902
84,248
159, 916
645

329, 827
11, 482
76, 968
76, 158
164, 682
537

245,
159
5
9, 881
* 75, 046
8 72, 768
8 86, 205
« 1. 259

184, 619
10, 655
54, 256
57, 538
61, 779
391

5

8

Cumulative through Aug. 31.

6 2, 029, 814 6 2, 210, 090 +8.9
6
6 89, 410 +17.5
76, 104
6
474, 282 6 473, 911 -0.1
6
485, 588 6 6 622, 367 +28.2
6 6982, 200 1, 018, 954 +3.7
6 5, 448 -53.2
11, 640

32
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (-)

1937

August

September

August

September,
Septem- 1928,
from
August,
1928

September,
1928,
from
September,
1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1938

1937

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 plantsUnited States
thous. of short tons..
Canada
-thous. of short tons..
PricesMine average
(spot). ._
dolls, per short ton..
Wholesale,
composite
.dolls, per short ton,.
Ketail, composite -dolls, per short ton..
Anthracite:
Production
thous. of short tons..
Exports
thous. of long tons. _
PricesWholesale, cornp.. -dolls, per long ton..
Retail, composite -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..

36, 624
1,263
1,144

35, 963
1,331
1,277

36, 276
1,309
1,503

41, 108
1,535
1,618

40, 865
1,396
1,577
313

364

322

314

356

3,118
7,400

3,039
6,927

3,167
7,002

3,417
7,403

6,484
266

6,167
271

6,046
279

6,194
269

6,180
270

41, 541
1,318
1,278

41, 763
1,342
1,313

-0.6 -2.2
-9.1 +4.0
-2.5 +20.1
-12.1 -15.2

351

369

3,518
7,558

3,566
7,661

6,034
247

5,898
219

-0.2
+0.4

+4.8
+23.3

1.73

1.73

1.70

1.76

1.79

2.07

2.08

+1.7

-13.9

3.986
8.18

3.973
8.72

3.984
8.69

4.009
8.74

4.019
8.84

4.275
8.99

4.274
9.20

+0.2
+1.1

-6.0
-3.9

8,124
266

5, 301
209

4,475
167

6,883
278

6,035
265

7,694
280

6,596
290

-12.3
-4.7

-8.5
-8.6

12. 752
14.46

12. 949
14.61

12. 965
14.63

12. 853
14.76

13. 040
14.93

13. 209
14.80

13. 353
15.03

+1.5
+1.2

-2.3
-0.7

376
4, 100
193
89

302
3,961
195
126

271
3,911
200
79

288
3,995
191
70

312
3,959
194
77

486
3,681
169
55

457
3,603
150
76

2.70

2.80

2.79

2.88

2.88

3.08

3.00

78, 788

+8.3 -31.7
-0.9 +9.9
+1.6 +29.3
+10.0 +1.3
0.0

-4.0

392, 354
12, 318
12, 890

352, 538 -10.1
12, 488 +1.4
10, 232 -20.6
2,866

-7.3

« 27, 374
8 63, 321

« 26, 482
6 60, 609

-3.3
-4.3

56, 661
2,171

56, 010
2,340

-1.1
+7.8

59, 899
2,169

54, 496
2,013

-9.0
-7.2

5,829
33, 055
1,495
512

3,141 -46.1
35, 046 +6.0
1,680 +12.4
718 +40.2

3,091

Petroleum
Crude petroleum:
Production
_
thous. of bbls..
75, 218
Stocks at end of monthTotal (comparable)
thous. of bbls.. 371, 849
Tank farms and pipe
lines
_
.thous. ofbbls.. 328, 556
Refineries
thous. of bbls _.
43,293
CaliforniaLight
thous. of bbls. _
19, 170
Heavy
thous. of bbls..
93, 941
Imports
thous. of bbls..
6, 766
Consumption (run to stills), thous. of bbls. _
77, 311
Refinery operation
per ct. of capacity-80
Price, Kansas- Oklahoma dolls, per bbl__
1.190
Oil wp.Hs nnrripleted
nnmbftr
961
Mexico—
Production
thous. of bbls__
4,347
Exports
thous. of bbls
3,065
Venezuela—
Production
thous. of bbls
8,784
Exports
thous. of bbls
8,511
Gasoline:
ProductionRaw (at refineries)
thous. of bbls..
30, 825
Natural gas (at plants) . -thous. of bbls__ 3,474
Exports
thous. of bbls_.
6,535
Consumption
thous. of bbls
27, 355
Stocks, end of month —
Raw (at refineries)
thous. of bbls..
37, 336
Natural gas (at plants) _ -thous. of bbls..
809
Wholesale, New York „._ dolls, per gal_.
.170
Retail, wagon 50 cities— .dolls, per gal_.
.152
Retail distributional States. thous. of gals.. 843, 845
Kerosene:
Production
thous. of bbls. _
5,243
Exports
thous. of bbls_.
2,035
Consumption
thous. of bbls._
3,383
Stocks at refineries, end mo.thous. of bbls..
7,537
Retail distribution, 13 States.thous. of bbls.. 31,624
Price, 150° water white
dolls, per gal_.
.074
Gas and fuel,oils:
Production
thous. of bbls
35, 620
C onsiimption—
By vessels
thous. of bbls
5,013
By electric pow. plants.thous. of bbls._
483
By railroads
.
thous. of bbls
4,093
Stocks at refineries, end mo.thous. of bbls..
32, 887
Price, Okla. 24-26, refineries.dolls. per bbl._
.763
Lubricating oil:
Production
thous. of bbls..
3,091
1,989
Consumption
thous. of bbls
8,060
Stocks at refineries, end mo.thous. of bbls..
Price, cylinder oil_
dolls, per gal_.
.228
Asphalt:
Production
thous. of short tons..
331
262
Stocks, end of month. -thous. of short tons..
13
Imports.
.thous. of short tons..
• Revised.



72,526

75, 426

77,829

76,404

« 75, 909

-1.8

+0.7

370, 751

369, 243

368, 653

366,652

333, 413 5 339, 472

-0.5

+8.0

328, 094
42, 657

326, 314
42, 929

326, 399
42, 254

326, 153
40, 499

295, 383 5 301, 259
38, 030 6 38, 213

-0.1
-4.2

+8.3
+6.0

19, 197
94, 234
6,553
75, 681
81
1.190
1,056

18, 215
95, 663
7,878
80, 700
82
1.195
1,096

18, 310
95, 057
6,141
81, 582
83
1.210
1,247

16,870
96, 563
7,140
79,810
84
1.210
1,192

4,049
2,808

4,040
3,249

4,047
2,212

8,339
8,231

9,398
8,808

9,031
8,933

30, 675
3,317
4,614
29, 022

32, 884
3,410
5,108
31, 985

34, 393
648

23, 262
93, 353
6,261
70, 957
79
1.155
1,132

« 22, 826
593,820
5, 1221
8 68, 532;
79|
1. 198
5 1, 048^

-7.9 -26.1
+1.6 +2.9
+16.3 +39.4
-2.2 +16.5
+1.2 +6.3
0.0 +1.0
—4.4 +13.7

664,947

42, 201
615, 815

59, 165 +40.2
673, 981 +9.4

11, 498
6 44, 765
6 35, 755

5,393
4,197

4,774
3,867

9,478
8,615

5,291
4,488

5,762
4,742

+4.9
-3.6

+64.5
+81.7

44, 230
35, 568

34,037
3,421
4,452
33, 148

33, 543
3,452
4,670
29, 691

28, 008
3,214
4,101
29, 762

5 27, 708
3,245
3,481
5 28, 400

—1.5
+0.9
+4.9
—10.4

+21.1
+6.4
+34.2
+4.5

244, 331
28, 412
32, 695
213, 973

30, 392
477

27, 197
414

26,405
436

33, 492
846

B 29, 775
736

—2.9 —11.3
+5.3 —40.8

.170
.153
861, 547

.173
.156
864, 427

.180
.160
982, 673

.180
.163

.175
.146
894, 520

.170
.144
864, 242

0.0
+1.9

4,849
1,632
2,385
8,370
30, 719
.073

4,994
1,826
3,079
8,470
31, 427
.068

5,389
1,653
3,261
8,922
40, 170
.072

5,037
2,068
3,276
8,593

.086

4,420
1,669
3,173
8,694
37, 609
.068

4,686
1,652
5 3, 198
5 8, 523
37, 179
.068

35, 565

36, 941

37,449

37,059

33,975

6 32, 295

4,307
498
3,819
36, 015
.719

4,101
553
4,071
37, 410
.670

4,564
5
608
4,087
37, 961
.650

4,051
600
40, 067
.650

4,470
502
53,930
30, 346
.870

4,436
504
4,145
31, 631
.850

3,009
2,143
7,832
.220

2,827
1,930
7,667
.226

2,891
2,035
7,711
.229

2,833
1,973
7,764
.236

2,752
2,004
7,491
.251

2,782
1,965
7,447
.255

332
271
3

329
251
11

316
226
13

+5.9
+13.2

—6.5 +7.5
+25.1 +25.2
+0.5 +2.4
—3.7 +0.8

-1.4

674, 151

9,062

74,018
71, 664

+67.3
+101. 5

275, 195 +12.6
30,615 +7.8
40, 218 +23.0
243, 029 +13.6

6 5, 685, 642 e 6, 234, 844
41, 537
14, 044
27, 350

-21.2

e 35, 052 -21.7
6 24, 630 -31.1

+9.7

45, 092 •+8.6
16, 814 +19.7
27, 318 -0.1

6256,325

6 261, 770

+2.1

—1.0 +14.8

292,355

313,777

+7.3

-11.2
-8.7
—1.3 +19.0
+5.5 +26.7

37, 082
5,125
6 31, 524

38, 081
5,013
6 32, 161

+2.7
-2.2
+2.0

+19.4

+26.5

0.0

-23.5

—2.0
—3.0
+0.7
+3.1

+1.8
+0.4
+4.3
-7.5

23,686
16, 467

25,968
17,559

+9.6
+6.6

—3.2 —8.1
—10.2 +14.7
-69.2 -71.4
6
Cumulative through Aug. 31.

2,533

2,566

+1.3

306
20c

340
192
12

333
«177
14

124

69 1 -44.4

33

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

June

May

PER CENT INCREASE (+) OR
DECREASE (— )

1927

August

July

September

August

September,
Septem- 1928,
from
ber
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

FUELS— Continued
Petroleum— Continued

Coke:
113
Production
thous . of sb ort tons . _
Stocks, end of month.thous. of short tons..
348
Wax:
Production
_
_.
thous. of Ibs. _
51, 072
Stocks, end of month
thous. of lbs__ 103, 639

118
344

127
385

136
402

119
380

95
304

98
314

50, 792
91, 987

45, 273
84,476

54, 084
79, 131

50,670
84, 330

41, 576
180, 645

47, 888
170, 172

43, 889
31, 014
51, 061

40, 927
27, 764
53, 159

52, 831
31, 258
47, 128

55, 345
32, 712
62, 224

39, 732

50, 535
32, 810
45, 706

48, 186
33, 301
37, 341

227, 597
105, 357
48, 304
20, 116
53, 820

212, 452
90, 198
42, 290
20, 664
59, 300

208, 789
83, 242
39, 269
21, 578
64, 700

201, 188
68, 995
35,865
21, 828
74, 500

255, 684
96, 148
69, 109
27, 427
63, 000

260, 799
97, 829
72, 748
27, 822
62, 400

.188

.194

.192

.193

.351

.338

5,082
9,794

5,030
9,150

4,881
8,396

5,607
7,539

4,334
8,070

4,707
146

5,162
184

5,811
121

6,131
179

5,382
13, 298

5,222
12,892

5,009
11,248

4,631
100

5,254
105

47
156

-12.5 +21.4
-5.5 +21.0

1,037 +24.5

833

+5.8
-50.4

432,686

464, 690

+7.4

+21.5 +19.3

6 400, 760
326, 745
6
374, 025

6 372, 706
313, 626
6 396, 347

-7.0
-4.0
+6.0

3,638
7,325

6 34, 510

6 39, 183

+13.5

4,666
144

4,168
136

» 32, 488
6 1, 425

6 37, 754
6 1, 212

6,264
10, 466

4,871
11,023

4,247
10, 162

e 37, 306

+16.2
-14.9
6 41, 565 +11.4

6,469
83

6,759
132

5,898
96

4,973
103

e 38, 022
6781

6 39, 980
6775

49
156

46
152

52
149

49
183

36
173

M35

6356

+5.1
-0.8
-18.2

44
4

45
5

45
4

49
5

45
5

42
4

6367
648

6331
632

-9.8
-33.3

2,744
725
1,110
909
776
27.7

2,953
895
1,351
707
884
24.5

3,447
763
1,951
733
497
25.9

4,613
764
2,598
1,251
688
39.1

4,077
802
2,723
552
876
30.5

4,545
756
3,123
666
955
28.7

6 22, 381
6 6, 471
c 11, 902
6 4, 008
6
6, 720

6 23, 778 +6.2
6 6, 144 -5.1
611,013 -7.5
6 6, 621 +65.2
6 6, 454 -4.0

21, 597

18, 763

17, 620

21, 289

18, 363

18, 452

6 120, 946

6 157, 290 +30.0

8,897
7,559
884
52, 387

9,166
9,022
864
50, 569

12, 070
7,372
457
49, 679

11, 642
9,244
729
49, 511

10, 624
8,676
908
38, 849

0 O5J
OOO
0,

8,170
722
38, 696

6 64, 108
6 52, 880
6
6, 807

6 82, 085 +28.0
6 61, 845 +17.0
e 6, 842 +0.5

3,519

3,321

3,168

3,461

2,333

2,634

6 14, 229

6 27, 203

1,855
894
120
4,558

1,977
948
41
4,687

1,897
808
55
5,067

2,209
917
46
5,633

1,768
849
119
3,170

1,390
996
27
3,068

6 10, 030
6 3, 903
6670

e 15, 484 +54.4
6 7, 449 +90.9
6 1, 889 +181.9

6,274
1,352
2,666
2,255
177
661

6,126
1,568
2,298
2,260
192
717

5,157
1,396
1,795
1,966
173
477

6,306
1,888
2,068
2,360
193
583

5,863
1,778
1,934
2,151

5,467
1,497
1,963
2,007

6
e
e
6

6
6
6
6

61, 288
4,387
36, 913
10, 082
6,016

58, 091
4,457
34, 168
8,383
7, 323

50, 175
4, 134
28, 193
7,873
6,171

47, 056
4,053
26, 540
7,951
6,773

55, 397
5,544
33, 495
6,973
6,245

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

241, 264
197, 775
25, 961
17, 528

244, 746
196, 561
29, 159
19, 026

239, 877
194, 668
25, 551
19, 658

243, 591
197, 086
25, 758
20, 747

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

243, 327
188, 797
33, 024
21, 506

-6.3
-6.6

RUBBER
Crude Rubber
World shipments, plantation
long tons__
Imports (including latex) _
long tons
Consumption by tire mfrs
thous. of lbs._
World stocks, end of month:
World total
-. .
long tons..
United States
long tons..
Europe
long tons..
Producing countries
long tons..
Afloat
long tons
Wholesale price, smoked sheets,
New York
dolls, per pound--

68,851
17, 687

.182

-0.2

-29.6

-19.0

-36.4

-5.7

-46.2

Tires and Tubes
Pneumatic tires:
Production
_ _ ._ _ .thousands. _
Stocks, end of month
.thousands..
Shipments—
Domestic
..thousands..
Export
thousands
Inner tubes:
Production
thousands
Stocks, end of month
thousands.
ShipmentsDomestic
_ . thousands .
Export
thousands..
Solid and cushion:
Production .
thousands. _
Stocks, end of month
thousands..
Shipments —
Domestic
thousands
Exports
_
thousands
Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal
thous. of yds..
Auto fabrics
thous. of yds
Raincoat fabrics
.thous. of yds..
All other
thous. of yds..
New orders, auto fabrics
thous. of yds..
Production, relative to capacity—per cent..
Rubber heels:
Production
thous. of pairs..
Shipments—
To shoe manufacturers. thous. of pairs..
To repair 'trade
thous. of pairs..
For export .
. . thous. of pairs
Stocks, end of month
thous. of pairs..
Rubber soles:
Production
thous. of pairs..
Shipments —
To shoe manufacturers.thous. of pairs..
To repair trade
thous. of pairs
For export
thous. of pairs. _
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments:
Total .
_ thous. of dolls.
Belting
thous. of dolls
Hose
thous. of dolls..
All other
thous. of dolls
Rubber bands, shipments
thous. of lbs__
Rubber flooring, shipments
thous. of sq. ft..

186

-3.6

47, 073
12, 165
18, 868
16, 142

47, 412
11, 678
18, 040
17, 703

+91.2

+0.7
-4.0
-4.4
+9.7

HIDES AND LEATHER
Hides
Imports:
Total hides and skins..
thous. of lbs__
Calfskins
thous. of Ibs
Cattle hides
thous. of Ibs
Goatskins
thous. of Ibs
Sheepskins—
...thous. of lbs._
Stocks, end of month:
Total hides and skins
thous. of Ibs..
Cattle hides
thous. of Ibs..
Calf and kip skins.
thous. of Ibs..
Sheep and lamb skins
thous. of lbs_.
6
Cumulative through Aug. 31.




34, 448
2,707
18, 504
6,728
4,902

-26.8
-33.2
-30.3
-15.4
-27.6

-21.1
-40.4
-27.1
+3.7
+8.7

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

414, 820 +24.1
31,863 -5.2
234, 377 +37.4
70, 462 +10.6
50, 847 +11.3

34

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

August

September

August

September

Per ct.
increase
(+)
or decrease
(-)
cumulative
1 1928
! from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

PER CENT INCREASE (+) OR
DECREASE (— )

1937

SepSeptember, tember,
1928,
1928,
from
from
SepAugust, tember,
1928
1927

1928

1927

HIDES AND LEATHER— Continued
Hidfes— Continued
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. .
CanadaCattle and calves thous. of animals..
Swine
.
thous. of animals
Sheep
thous of animals

0.246
.295

0.224
.266

0.239
.278

0.236
.275

0.246
.275

0.215
.212

0.224
.210

+4.2
0.0

+9.8
+31.0

723
473
3,804
1,015

706
398
4,078
1,109

662
362
2,984
1,076

717
369
2,545
1,196

764
352
2,508
1,307

838
389
3,050
1,168

828
357
2,534
1,185

+6.6
-4.6
-1.5
+9.3

-7.7
-1.4
-1.0
+10.3

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

123
219
17

99
205
25

100
164
45

105
140
62

96
161
86

109
161
59

98
174
S9

-8.6
+15.0
+38.7

-2.0
-7.5
-3.4

820
1,830
304

827
1,877
312

+0.9
+2.6
+2.6

1,407
25, 140

1,399
24, 971

1,436
25, 070

M,463
25, 701

1,329

1, 393
26, 040

1,337
24, 447

-9.2

-0.6

12, 015
6 202, 387

12, 218
6 197, 392

+1.7
-2.5

90,734
59, 614
650
.67

91, 781
63, 921
538
.68

90, 949
69, 557
531
.67

89, 508
72,439
996
.67

84, 753
63, 571
753
.53

81, 015
61, 355
730
.53

-26.4
-3.0

+0.4
+22.6

7,390

7,513

+17

546, 434

+2.8

102, 064

-2.9

6,237 -10.7
3,556 -3.3
35, 764 +11.4
9,836 +3.3

Leather
Sole and belting leather:
Production —
Sole only.thous. of backs, bends, sides..
Sole and belting
thous. of Ibs
Stocks, end of month—
In process of tanning
thous. of Ibs
Finished
_ thous. of Ibs
Exports
thous of Ibs
Price oak, scoured backs
dolls, per Ib
Upper leather:
Production
thous. of sq. ft
Stocks, end of month—
In process of tanning. _thous. of sq. ft._
Finished
thous. of sq. ft
Exports
_. thous. of sq. ft__
Chrome calf, "B" grades dolls, per sq. ft
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 cut
dozen pairs

733
.65

62, 074

66, 047

66,464

73, 150

72, 095

69, 399

141, 068
255, 397
11,400
.60

143, 099
262, 667
8,949
.53

147, 443
254, 563
8,403
.57

147, 602
253, 854
9,000
.57

8,070
.57

148, 821
245, 995
10, 576
.51

144, 881
241, 835
10, 518
.51

-10.3
0.0

-23.3
+11.8;

105, 061

26,427
409

27, 284
318

28, 154
344

34, 547
331

275

35, 061
337

33, 933
312

-16.9

-11.9;

6 227, 910
4,324

6.75

6.75

6.75

6.75

6.75

6.40

6.50

0.0

+3.8!

5.00

5.00

5.00

5.00

5.00

5.00

5.00

0.0

0.0

4.15
224, 636

4.15
228, 039

4.15
202, 051

4.15
237, 043

4.15

4.00
241, 652

4.00
229 999

0.0

+3.8

156, 258
143, 015
186, 377
24, 024

112,403 5 114, 668
133, 854
135, 917 5 125, 415 « 138, 309
171, 098 s 147, 611
184, 314
14, 553
17, 233
20, 528

108, 166
122, 795
132, 982
21, 953

102, 995
136, 569
185, 222
18, 597

92, 025
120, 326
156, 574
28, 389

-5.7
-11.2
-9.9
+27.4

+17.5
+2.1
-15.1S
-22.7

1,197,600
1, 241, 399

222, 924
225, 710
42, 120
90, 736
2.53

217, 456
214, 068
45, 870
122, 474
2.53

200, 654 5 222, 116
204, 512 « 221, 008
42, 580 5 44, 686
129, 910 5 120, 643
2.53
2.53

201, 586
203, 006
43, 880
124, 048
2.53

220, 138
220, 162
40, 254
113,948
2.60

209, 776
211, 744
38, 286
119, 090
2.60

-9.2
-8.1
-1.8
+2.8
0.0

-3.9
-4.1
+14.6
+4.2
-2.7

1, 001, 500

126, 010
84
203, 811
186, 641

119, 673
83
192, 391
170, 892

110, 313

115, 940

102, 852

127, 065

184, 199
152, 763

200, 656
162, 184

185, 059
169, 625

180, 116
154, 167

114, 659
80
178, 815
169, 286

122, 540
203, 836
181,913

116,901
190, 936
163, 807

109, 611
181, 834
174, 667

114,539
196, 894
173, 872

107, 894
194, 233
164, 648

123, 926
180, 666
167, 475

194, 298

174, 031

167, 456

179, 334

170, 840

37, 207
46, 290
184, 580
46, 627
3.25

39, 979
47, 937
186, 307
42, 767
3.25

40, 386
48, 270
199, 214
44, 266
3.25

40, 838
52, 108
209, 044
39, 744
3.25

35, 687
43,800
191, 287
48.229
3.25

745
113

555
128

12, 711
13, 100
96
53, 774
94, 668

12,098
9,986

5

6

6 531, 362

6

1, 731, 902

6 231, 180 -1.4
3,233 -25.2

6

i
1, 698, 218

-1.9

1, 193, 456
1, 219, 867

-0.3
-1.7

171, 125

180, 197

+5.3

1, 949, 196
1, 947, 806

1, 923, 134
1, 928, 130

-1.3
-1.0

1, 038, 071

+3.7

-8.1

PAPER AND PRINTING
Wood Pulp
Mechanical:
Production..
short tons..
Consumption and shipments. „ short tons_.
Stocks end of month
short tons
Imports
short tons
Chemical:
Production
short tons .
Consumption and shipments___short tons..
Stocks, end of month __
short tons. _
Imports
short tons _
Price sulphite
dolls, per 100 lbs._
Newsprint Paper
Production:
United States, total
.short tons..
Ratio to capacity
per cent..
Canada
short tons..
Consumption by publishers
short tons..
Shipments:
United States
short tons...
Canada
short tons
Imports
.
short tons _
Exports:
Canada
short tons
Stocks, end of month:
At millsUnited States
short tons..
Canada
short tons
At publishers .
.
short tons..
In transit to publishers
short tons
Price, roll, f. o. b. mill
dolls, per ton..

Printing
Book publication:
599
American manufacture
no of titles
Imported
no. of titles
119
Sales books:
12, 162
New orders.
_"
thous. of books. .
11,645
Shipments
thous. of books. _
111
Printing activity
weighted index number. 48, 024
Blank forms, new orders
thous. of sets
Cash checks, shipments
thous. of checks..
80, 116
5
Revised.




-10.3

1, 135, 696

1, 044, 100

-7.8
+4.6

+3.5
+0.2

1, 519, 049
1, 523, 938

1, 733, 280 +14.1
1, 544, 974 +1.4

114, 003
177, 195
168, 630

-5.8
-1.4
-5.3

-5.4
+9.6^
-2.5

1, 117, 090
1,500,126
1, 442, 287

1, 027, 567 -8.0
1, 726, 473 +15.1
1, 545, 425 +7.2

163, 115

168, 855

-4.7

+1.2

1, 373, 411

1, 583, 010 +15.2

30, 335
31, 743
231, 992
40, 916
3.25

30, 751
33, 384
225, 310
45, 570
3.25

-12.6
-15.9
-8.5
+21.3
0.0

+16.1
+31.2
-15.1
+5.8!
0.0

626
129

830
89

-11.3

1

5 100

48, 963
70, 710

12, 538
13, 738
100
58, 108
68, 482

11, 837
11, 976

12, 739
12, 277
-5.6
13, 446
12, 387 -12.8
93
99
50, 114
33, 838
35, 088 -13.8
85, 4891
74, 469
76, 364 +24.8
5
Cumulative through Aug. 31.

-3.6
-3.3

108, 951
104, 254

110,993
107, 801

+42.8
+11.9

296,161
688, 3301

420,429 +42.0
690, 811 +0.4

+1.9
+3.4

35
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey'*

PER CENT INCREASE (+) OR
DECREASE (— )

1937

September

August

September

August

September,
1928,
from
August,
1928

September,
1928,
from
September,
1927

May

June

July

8,734
80.2
242, 394
224, 366
73, 157
220, 750
235, 794
49, 107

8,200
75.3
228, 646
228, 252
77, 782
204, 468
223, 901
53, 560

7,992
76.3
201, 153
209, 976
79, 492
190, 810
203, 741
49, 969

9, 236
81.6
s 230, 750
s 236. 682
5 81, 262
« 213, 626
s 233, 104
5 47, 709

8,347
83.0
227, 421
234, 458
87, 262
234, 760
229, 460
45, 815

8,878
78.5
232, 587
227, 978
106, 076
227, 907
229, 722
52, 071

8, 673
82.8
5 225, 617
5 235, 936
5 116, 383
216, 652
5 228, 213
5 42, 923

-9.6
+1.7
-1.4
-0.9
+7.4
+9.9
-1.6
-4.0

-3.8
+0.2
+0.8
-0.6
-25.0
+8.4
+0.6
+6.7

127, 217
46, 375

130. 484
43, 480

132, 265 s 117,009
62, 056 s 48, 108

117,487
52, 705

128, 818
70, 035

« 126, 548
5 51, 441

+0.4
+9.6

-7.2
+2.5

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1927

1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

PAPER AND PRINTING— Continued
Box Board
Operation
._
thous. of inch hours
Operation
per ct. of capacity
Production
short tons
New orders
short tons
Unfilled orders, end of month
short tons-_
Consumption of waste paper
short tons
Shipments
short tons
Stocks end of month
short tons
Stocks of waste paper, end of month:
On hand
short tons
In transit and unshipped purchases. .-tons--

5

5

72, 088

75, 635

+4.9

1, 851, 845
1, 891, 066

1, 994, 531
2, 009, 370

+7.7
+6.3

1, 772, 437
1, 858, 216

1, 869, 671
1, 990, 397

+5.5
+7.1

Other Paper
Binder's board, production
short tons
Book paper:
Production
short tons
Ratio to capacity
per cent
Shipments .
short tons
Stocks, end of month
short tons
New ordersCoated p. ct. of normal production..
TJncoated p ct of normal production
Unfilled orders, end of monthCoated p. ct. of normal production
TJncoated p ct of normal production
Wrapping paper:
Production
short tons..
Ratio to capacity
per cent
Shipments
short tons
Stocks, end of month
short tons
Fine paper:
Production
short tons
Ratio to capacity
per cent
Shipments.. _ _
short tons
Stocks, end of month
short tons
All other grades:
Production
.
..short tons
Shipments
short tons
Stocks, end of month
short tons
Total paper (inc. newsprint and box board) :
Production.. . ...
short tons
Ratio to capacity
per cent
Shipments .
short tons
Stocks, end of month
short tons
Paperboard Shipping Boxes
Production:
Total
thous. of sq. ft.
Corrugated
thous. of sq. ft...
Solid
fiber
_.
thous. of sq. ft.
Operating activity:
Total
per cent of normal
Corrugated
per cent of normal
Solid
fiber
per cent of normal--

3,720

2,705

2, 153

3,092

2,431

2,112

2,461

-21.4

-1.2

22, 809

28, 106 +23.2

130, 199
90
124, 861
86, 782

122, 387
84
120, 551
89, 385

117,492
80
118, 314
88, 491

130, 416
89
133, 024
85, 836

117, 374
86
120, 895
82, 403

112,984

-10.0
-3.4
-9.1
-4.0

+10.5

996, 118

1, 126, 079 +13.0

111, 176
75, 749

106, 205
84
106, 417
75, 749

+13.6
+8.8

990, 631

1,118,919 +13.0

74
77

7'

77
80

77
79

81
80

70
76

76
82

+5.2
+1.3

+6.6
-2.4

11

9

10
8

8

10

8

7
9

+25.0
0.0

+42.9
-22.2

89, 696
94
86, 646
81, 737

-13.9
5.6
-13.5
+1.5

-3.3

812, 018

847, 230

+4.3

0.0
+15.9

788, 494

837, 424

+6.2

97, 793
87
94, 761
96, 802

90, 577
84
89, 309
98, 344

88, 477 s 100, 779
89
86
94, 228 « 100, 174
02, 467 « 93, 340

86, 770
84
86, 683
94, 761

40, 904
87
40, 863
53, 791

38, 22*
84
38, 875
53, 155

33, 984
80
34, 562
53, 156

39, 331
84
38, 938
53, 535

34, 885
80
34, 885
53, 361

' 37,329
92
36, 769
50, 756

-1.3
-4.8
-10.4
-0.3

-6.6

333, 102

346, 357

+4.0

35, 688
50, 199

-5.1
+5.1

334, 304

342, 967

+2.6

107, 475
105, 705
71, 569

104, 725
104, 977
71,006

95, 454 5 110, 677
96, 042 5 109, 154
72, 475
70, 575

100, 138
102, 442
70, 140

103, 623
102, 358
74, 302

101, 157
102, 311
73, 357

-9.5
-6.1
-3.2

-1.0
+0.1
-4.4

898, 369
893, 330

914, 723
912, 723

+1.8
+2.2

744, 775
83
724, 524
395, 258

704, 413
82
694, 514
405, 429

646, 863 s 727, 893
78
77
656, 498 3 728, 933
396, 044 s 393, 733

669, 440
81
682, 259
382, 167

707, 551 5 674, 663
85
695, 085 s 674, 359
361, 282 5 355, 273

-8.0
+3.8
-6.4
-2.9

-0.8
-4.7
+1.2
+7.6

6, 031, 149

6, 278, 388

+4.1

5, 982, 065

6, 231, 983

+4.2

402, 956
323, 493
79, 463

423, 282
341, 291
81, 991

404, 520
335, 732
68, 788

441, 792
364, 756
77, 036

434, 371
359, 553
74, 818

400, 806
317, 529
83, 277

386, 039
308, 585
77, 454

-1.7
-1.4
-2.9

+12.5
+16.5
-3.4

3, 555, 119
2, 842, 708
712, 411

3, 687, 406
2, 955, 185
683, 562

+3.7
+4.0
-4.0

72
69
80

76
74
83

72
71
75

79
77
84

79
78
80

72
76
82

80
79
84

0.0
+1 3
4 8

-1.2
—1 3
-4.8

102
89, 622
13, 584

85, 379
14, 361

94, 193
92, 215
78, 626
37, 098

Other Paper Products
Rope paper sacks, shipments- _rel. to 1921-22..
Abrasive paper and cloth:
Domestic sales
reams
Foreign sales. __
reams

87

83

89

111

94, 309
18, 944

88, 569
18, 829

81, 689
17, 657

99, 723
17, 871

5,212

4,378

4,060

7,712

7,930

8,347

7,800

+2.8

+1.7

177
183
191
206
197
101. 11

176
181
191
207
198
100. 90

175
181
191
207
198
100.09

177
181
191
207
200
101. 20

177
181
191
208
201
101. 13

187
188
192
204
199
104. 39

184
187
191
204
201
194. 51

0.0
0.0
0.0
+0.5
+0.5
-0.1

-3.8
-3.2
0.0
+2.0
0.0
-3.2

203
212
197
200

203
212
198
201

204
213
198
201

204
213
198
201

204
213
198
201

205
214
197
200

205
215
197
200

0.0
0.0
0.0
0.0

-0.5
-0.9
+0.5
+0.5

13, 982
10, 523
52, 030
6,978

16, 835
6,214
43, 093
5,586

11, 974
8,548
42, 859
5,418

11, 442
10, 348
38, 744
5,651

10, 880
5,839
39, 354
5,784

9,723
5,453
38, 046
4,114

-4.4
+21.1
-9.6
+4.3

+17.7
+90.0
+1.8
+37.4

103, 789
51, 763
348, 920
40, 901

113, 158 +9.0
69, 223 +33.7
423, 308 +21.3
47, 324 +15.7

7,192
90, 971

6,605
78, 778

6,392
78, 638

6,278
73, 146

7,310
69, 863

6,810
64, 858

-1.8
-7.0

-7.8
+12.8

58, 184
611, 179

53, 666 -7.8
714, 122 +16.8

-8.1
6

678, 456
6 127, 420

« 707, 417 +4.3
6 146, 774 +15.2

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements, Minneapolis -.number _.
Building Costs
Building materials:
Frame house, 6-room
rel. to 1913
Brick house, 6-room
rel to 1913
Concrete factory costs (Aberthaw) rel to 1914
Building costs (Eng News Record) rel to 1913
Building costs (A G. C)
rel. to 1913
Plumbing fixtures, 6 pieces
dollars
Construction costs (Am. Appraisal):
Frame
rel. to 1913
Brick, wood frame
rel. to 1913
Brick, steel frame
rel to 1913
Reinforced concrete
.
rel. to 1913

46, 678

43, 611

-6.6

Contracts and Losses
Contracts awarded (36 States):
14, 316
Commercial buildings
thous. of sq. ft._
6,020
Industrial buildings
thous. of sq. ft..
56, 655
Residential buildings
-thous. of sq. ft..
6,960
Educational buildings
thous. of sq. ft..
Other public and semi6,063
public buildings
thous. of sq. it-91, 693
Grand total
thous. of sq. ft._
5
Revised.



5

Cumulative through Aug. 31.

36
TREND2OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

PEE CENT INCREASE (+) OR
DECREASE (— )

1937

Septem-

September,
Septem- 1928,
from
ber
August,
1928

September,
1928,
irom
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

May

June

87, 162
31, 627
280, 292
46, 073

57, 464
250, 818
43, 787

93, 144
31, 193
221, 345
35, 315

57, 178
41, 318
207, 521
33, 559

58, 525
112, 925
196, 850
37, 088

73, 698
40, 047
201, 743
40, 144

+2.4 +2.8
56, 938
48, 052 +173. 3 +135. 0
-5.1 +0.2
196, 501
28, 344 +10.5 +30.8

692, 267
348, 103
1, 842, 963
285, 973

654, 472 -5. 6
472, 352 +35.7
2, 111, 698 +14.6
301, 992 +5.6

33, 503
144, 738
641, 395
70, 684
185

56, 605
124, 636
624, 224
59, 926
244

50, 380
132,853
564, 229
38, 360
237

45, 470
114, 714
499, 760
39, 449
239

51, 317
115, 808
572, 513
45, 439
266

61, 951
117, 053
534, 639
29,881
238

52, 742
123,254
505, 830
32, 788
236

+12.9 -2.7
-6.0
+1.0
+14.6 +13.2
+15.2 +38.6
+11.3 +12.7

509, 397
946, 410
4, 627, 124
304, 874

416, 487 -18.2
978,816
+3.4
4, 954, 049 +7.1
379, 505 +24.5

23, 202
2,860

11, 123
1,909

17, 106
1,491

17, 724
2,356

17, 183
1,739

24,300
1,561

21, 875
1,789

-3.1 -21.4
-26.2 -2.8

247, 343
17, 633

227, 062
19, 176

-15.5

3, 875, 780

3,788,585

-2.2

-11.3
-10.0
-16.9
+6.5
-15.4
-11.2
+0.6

3, 851, 031
3, 952, 877

4, 004, 819
4, 041, 897

+4.0
+2.3

-45.3
-36.1
-33.9

4, 498, 413
4, 588, 839
4, 623, 307

-12.8
-31.7
+5.7

516, 580
410, 186

581, 810 +12.6
367, 666 -10.4

July

August

August

1938

1937

BUILDING CONSTRUCTION AND
HOUSING— Continued
Contracts and Losses— Continued
Contracts awarded, value (36 States):
Commercial buildings
thous. of dolls
Industrial buildings
thous. of dolls
Residential buildings
thous. of dolls. _
Educational buildings
thous. of dolls__
Other public and semipublic buildings
thous. of dolls..
Public works and utilities._thous. of dolls..
Grand total
thous. of dolls __
Contracts awarded, Canada
thous. of dolls..
Building volume (A. G. C.)
..rel. to 1913..
Fire losses:
United State and Canada
(Journal of Commerce) thous. of dolls..
Canada (Monetary Times).. thous. of dolls. .

90, 914

-8.2
+8.8

LUMBER PRODUCTS

Softwood Lumber
Southern pine:
Production (computed)
M ft. b. m__ 440, 306 404, 679 405, 937 425, 493
99
96
Operation
per cent of full time88
87
Shipments "(computed)
_ _ M ft b. m__ 489, 100 416, 006 435, 223 468, 672
420,
169
434, 061
406, 470
479, 370
New orders (computed)
M ft. b. m._
5
Stocks, end of mo. (computed) _M ft. b. m__ 1, 101, 740 1, 090, 126 1, 063, 109 1, 019, 050
Unfilledorders,endmo.(comp.)_M ft. b. m__ 349, 362 323, 985 335, 836 339, 038
75, 054
62, 094
Exports lumber
M ft. b. m
54, 313
43, 287
21, 081
12, 933
12, 302
Exports, timber
. M ft. b. m__
7,465
35.88
36.40
Price
flooring
dolls per M ft. b. m
36.16
36.34
Douglas fir:
Production (computed)
M ft. b. m__ 490, 175 480, 326 415, 417 « 358, 566
Shipments (computed)
M ft. b. m__ 558, 217 583, 733 484, 803 « 389, 454
New orders (computed)
M ft. b. m._ 620, 888 508, 976 453, 467 5 381, 396
Unfilled orders (computed)
M ft. b. m__ 516, 714 429, 688 456, 601 5 257, 845
Exports, lumber
M ft. b. m__
71, 427
85, 174
54, 181
59, 236
60, 797
43, 142
Exports, timber
M ft. b. m._
45, 471
40, 837
16.70
Price, No. 1 common.dolls. per M ft. b. m._
16.68
16.99
17.75
Price, flooring, 1x4, "B" and
34.47
35.15
better V G
dolls per M ft b m
36.13
37.19
California redwood:
41, 400
30, 092
36, 190
Production (computed)
M ft. b. m._
41, 137
47, 772
38, 825
29,615
Shipments (computed)
M ft. b. m._
43, 983
49, 351
38, 022
31, 620
39, 855
New orders (computed)
M ft. b. m._
Unfilled orders,end mo.(comp.).M ft. b. m._
47, 281
46, 519
48, 910
45, 093
California white pine:*
134, 273
133, 064
123, 923
145, 491
Production
M ft. b. m__
105, 482
107, 267
107, 019
118, 310
Shipments
--M ft. b. m._
506, 119
516, 764
473, 560
477, 079
Stocks end of month
M ft b m
102, 659
102, 805
89, 802
96, 433
New orders
M ft. b. m__
164, 921
183, 610
190, 185
181, 014
Unfilled orders end of month M ft. b. m
North Carolina pine:
44, 471
60, 039
57, 904
45, 437
Production (computed)
M ft. b. m__
62, 125
48, 433
59, 528
48, 643
Shipments (computed)
M ft. b. m._
New orders
M ft. b. m__
55, 790
59, 360
43, 190
49, 560
Northern pine:
Lumber52, 384
45, 687
51, 756
Production
M ft. b. m__
57, 335
44, 152
47, 243
48, 300
47, 755
Shipments....
...M ft. b. m__
New orders
M ft. b. m__
35, 974
47, 018
41, 820
41, 435
Lath13, 476
12, 318
11, 706
Production
_ . . thousands. . 9,967
Shipments
thousands _ _
9,316
9,734
11, 099
11, 151
Northern hemlock:
22, 004
16, 348
18, 426
20, 449
Production
M ft. b. m__
22, 343
22, 661
18, 920
20, 410
Shipments
M ft b m
Hardwood Lumber
Walnut lumber:
3,422
2,894
2,527
Production
_ _ M ft. b. m__
2,742
3,388
3,000
Shipments
M ft. b. m
13, 116
13, 264
13, 530
Stocks end of month
M ft b m
2,538
2,731
New orders
-M ft. b. m__
4,180
5,216
5,088
Unfilled orders, end of month. M ft. b. m..
5,540
Walnut logs:
2,972
2,519
Purchased .
_. _M ft. log measure. _
2,633
Made into lumber and
veneer
M ft. log measure. _
2,769
2,670
2,527
2,752
2,996
3,009
Stocks end of month 1VI ft log measure
Northern hardwoods:
28, 705
23, 673
33, 193
Production
M ft b m
28, 498
26, 194
28, 827
Shipments
M ft. b. m
Lower Michigan hardwoods:
9,116
7,049
5,438
Production
M! ft b m
7,252
7,277
6,683
Shipments
M ft. b. m
29, 784
23, 610
20, 605
Stocks end of month
IVE ft b m
Gum:
542
540
555
Stocks total end of month mill ft b m
424
420
419
Stocks', unsold end of month .mill. ft. b. m_.
Unfilled orders, end of month mill. ft. b. m__
150
156
151
e Cumulative through Aug. 31.
5 Revised.




386, 671
455, 796
457, 587
88
423, 218
473, 029
477, 046
434, 884
487, 599
483, 097
991, 781 1, 220, 663 1, 193, 268
340, 875
328, 561
320, 096
40, 837
66, 790
48, 260
8,254
14, 897
16, 775
37.73
37.68
37.49

-9.1
+1.1
-9.7
-9.3
-2.7
+0.5
-5.7
+99.6
+3.8

529, 120
521, 958
519, 719

542, 102
492, 860
487, 936

65, 121
48, 864
16.51

73, 717
64, 781
16.39

-17.4
-19.1
-15.4
+13.9
+8.5
+8.4
-2.4

296, 343
315, 144
322, 754
293, 657
64, 265
44, 264
17.32

509, 407 -10.0
132,652
-4.6

566, 313
138, 998

3, 988, 096
4, 237, 944
4, 377, 996

-11.3
-7.6
-5.3

38.85

35.83

35.83

+4.5

+8.4

34,329
33, 107
33, 519
47, 016

53, 977
53, 022
42, 373
56, 495

42,343
41, 418
39, 680
53, 807

-16.5
-24.7
-15.9
+6.3

-18.9
-20.1
-15.5
-10.9

355, 218
397, 455
414, 652

355, 577
344, 870
350, 486

122, 708
105, 246
538, 136
86, 716
188, 747

142, 196
107, 248
603, 451
86, 322
181, 262

133, 659
104, 699
629, 284
90, 886
187, 878

822, 407
843, 461

917, 713 +11.6
910, 646 +8.0

786, 140

800, 345

37, 457
39, 900
50, 890

53, 781
52, 934
36, 260

52, 129
52, 234
46, 900

-15.7 -8.2
+0.5
-11.0
+4.1 -14.5
-15.7 -4.6
+4.3 +0.5
-28.1
-17.6
-18.0 -23.6
+2.7 +8.5

454, 895
458, 864
364, 140

441, 322 -3.0
460, 249 +0.3
465, 540 +27.8

51, 618
44, 618
44, 209

51, 054
42, 501
36, 884

46, 852
39, 195
32, 098

-10.0 +10.2
-6.6 +13.8
+6.7 +37.7

388, 177
355, 008
328, 721

395, 986
374, 491
354, 411

+2.0
+5.5
+7.8

12, 419
8,897

14, 272
15, 612

11, 979
11,819

+0.8
-19.8

+3.7
-24.7

99, 244
103, 658

84, 254
76, 626

-15.1
-25.4

21, 369
22, 093

14, 277
19, 187

6 144, 238
6 166, 098

+0.1
-13.2
-15.5

+1.8

6 134, 972 -6.4
6 130, 747 -21.3

-6.2 -8.4
+15.2 +17.9
-4.1 +7.0
-13.5
-11.9
-10.0 -35.6

26, 014
26, 429

26, 394
27, 029

+1.5
+2.3

27, 162

25, 996

-4.3

-16.9

-39.7

26,489

22, 107

-16.5

+2.5
-12.2

-11.8
-22.5

23, 237

22, 703

-2.3

18, 536
26, 475

6 277, 036
6 231, 177

6 267, 724
6 219, 656

-3.4
-5.0

4,893
7,507
40, 552

4,257
7,055
35, 491

e 60, 574
6 63, 406

6 62, 045
656,875

+2.4
-10.3

427
329
128

447
346
124

2,931
2,863
13, 166
2,990
5,270

2,749
3,299
12, 625
2,635
4,741

3,314
3,127
11, 498
2,461
7,522

3,000
2,798
11, 796
3,046
7,364

2,736

2,274

3,308

3,773

2,579
3,058

2,643
2,684

2,937
3,687

2,995
3,465

20, 073
27, 597

27, 077
29, 750

5,502
7,349
23, 509

* See table on p. 48 of the September, 1928, issue for earlier data.

37
TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulative* shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE (— )

1927

j
May

June

August

July

Sep-

Sep-

September

August

September

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

tember, tember,
1928,
1928,
from
from
SepAugust, tember,

1928

1937

1928

1927

-13.5
+5.1

-21.5 21, 174, 995 20, 413, 148
-9.6 1, 651, 967 1,726,603

Per ct.
increase
( }
ortdecrease
(-)
cumulative
1928
from
1927

LUMBER PBODUCTS-Contimied
Hardwood Lumber— Continued
Oak:
974
939
963
1,000
Stocks, total end of month, .mill. ft. b. m__
1,005
737
844
854
809
791
Stocks, unsold, end of month.mill. ft. b. m._
182
221
164
Unfilled orders, end of month.mill. ft. b. m__
190
179
All hardwoods:
244
386
Production
_._
mill. ft. b. m__
244
236
398
296
263
255
248
308
Shipments
mill. ft. b. m__
262
319
244
263
New orders
mill ft b m
319
2,557
2,786
2,843
2,817
Stocks, total, end month
mill. ft. b. m._
2,610
2,014
2,225
Stocks, unsold, end month.. mill. ft. b. m__
2,305
2,289
2,090
652
638
Unfilled orders, end month.. mill. ft. b. m__
601
640
620
Production, 10 species
M ft. b. m__ 2, 532, 978 2, 387, 154 2, 213, 314 s 2,258, 602 1, 954, G63 2, 577, 136 2, 487, 728
191, 764
188, 579
Exports, planks, joists, etc.. _
M ft. b. m__ 223, 649 220, 961 185, 368 162, 221 170, 457
Retail yards, Minneapolis district:
15, 937 s 17, 632
17, 860
16, 262
«14,122
14, 364
22, 081
Sales
M ft. b. m__
84, 984
87, 345 5 86, 807
87, 699
92, 064
88, 355
« 85, 970
Stocks, end of month
M ft b m
Retail yards, Kansas City district:
5,971
5,679
6,497
5,200
6,140
5,979
6,199
Sales _
M ft. b. m
Softwoods

+1.3
-2.1

+26.5

99, 826

51,874

51,461

86, 374
89, 115

68,608 -20.6
72, 567 -18.6

66, 446

70, 611

45, 540

44, 874

45, 326

45, 529

43, 684

44,396

+5.8
+0.4

+8.7
+2.6

38.39
28.39

38.42
28.74

40.06
28.81

39.98
29.00

39.91
29.27

42.40
29.49

41.64
29.74

-0.2
+0.9

—4 2
-1.6

7,070
8,256
27, 514
9,197
11, 423

7,608
8,686
26, 271
7,867
10,500

7,784
8,311
24, 667
7,466
10, 076

8,413
9,515
23, 232
8,851
10, 187

7,675
7,929
22, 554
7,110
10, 106

11, 557
10, 939
26,338
7,344
11, 027

10, 283
9,843
25, 921
7,748
9,619

-8.8
-16.7
-2.9
-19.7
-0.8

-25.4
-19.4
-13.0
-8.
+5.

47, 785
50, 256
75,948
50, 295
48, 681

44, 444
49,475
71, 425
48, 873
49,002

46, 065
47,832
68,851
45, 972
49, 912

51, 529
51,860
67, 864
49, 427
47, 026

45, 926
45, 020
68,456
43, 141
47, 099

40, 426
38,932
66, 253
36, 139
27, 036

39,498
38,084
66,416
37,430
25, 127

-10.9
-13.2
+0.9
-12.7
+0.2

+16.
+18.
+3.
+15.
+87.

number
number
number
number

14, 130
19, 146
68, 396
46, 758

16, 540
17, 002
59, 535
45, 015

11, 687
13, 698
59, 231
37, 900

13, 245
16, 814
60, 240
49, 777

number
number
number
number

12, 117
9,010
47, 315
16, 726

17, 290
10, 209
43, 658
30, 215

8,182
9,720
42, 803
30, 755

14, 758
12, 549
48, 543
40, 126

number
number
number
number
number

425, 909
371, 220
317, 109
606, 750
709, 500

393, 224
386, 636
293, 505
221, 896
535, 697

434, 299
431,800
302, 990
327, 387
470, 617

314, 154
344, 643
267, 118
227, 311
344, 094

273, 076
305, 555
238, 399
237, 769
300, 106

39
32
20

46
27
17

54
31
22

53
30
31

3

53
25
27

50
30
29

-7.5
+3.3
-3.2

-2.0
+3.3
+3.5

46
7.0
90.0

44
10.0
95.0

48
5.0
88.0

56
7.0
92.0

65
9.0
101.0

55
9.0
98.0

58
7.5
99.0

+16.1

+12.1

+9.8

+2.0

6,581

5,145

4, 662

6,396

9,508

9,597

10, 988

+48.7

-13.5

2,094

1,372

1,183

2,323

3,012

2,773

3,884

+29.7

-22.5

6,136
7,958

5, 812
7,474

4,914
6,213

5,251
6,020

8,343
9,826

8,342
10, 879

9,863
12, 469

+58.9
+63.2

3,350
2,578

3,237
2,713

2,920
2,523

4,239
2,961

3,381
3,177

2,890
2,616

3,415
3,310

5,469

dolls, per M f t b m

Flooring
Maple flooring:
Production
M ft b m
Shipments
_
_M ft. b. m__
Stocks, end of month
M ft b m
New orders
_
_M ft. b. m
Unfilled orders, end of month _.M ft. b. m_.
Oak flooring:
Production
M ft. b. m..
Shipments
.
_
M ft. b. m
Stocks, end of month
M ft b m
New orders
__M ft. b. m__
Unfilled orders, end of month.. M ft. b. m__

114, 042 +14.2

-1.1

44, 758

Stocks end of month
M f t b rn
Composite lumber5 prices:
T-f
ftrdwood ?
dolls ppr TVT ft b TTI

-3.6
+4.5

-0.8

+6.3

347, 691
343, 696

395, 663 +13.8
416, 459 +21. 2

333,401

422, 645 +26.8

73, 349

59, 335 -19.1

-15.4
-21.2

70, 240
99, 871

56, 909 -19.0
71, 697 1 -28.2

-20.2
+7.3

-1.0
-4.0

27, 377
6 24, 797

+6.6

+45.2

Doors at Wholesale
White pine, wholesale:
Receipts
Shipments..
Stocks, end of month
Unsold stock, end of month
Fir, wholesale:
Receipts .
Shipments. _
Stocks, end of month
Unsold stock, end of month
Fir, manufacturing plants:
Production
j
Shipments
Stocks, end of month
New orders
Unfilled orders, end of month

1

!

-13.1
—11.3
-10.8
+4.6
-12.8

Wooden Furniture
Grand 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 (average per firm) dollars..
Unfilled orders, end of month
(average per
firm)
dollars
ShipmentsValue (average per firm) dollars..
Quantity (total)
pieces..
Plywood and Veneer
Plywood:
New orders
thous. of sq. ft. of surface..
Shipments
thous. of sq. ft. of surface..
Unfilled orders, end of
month.
thous of sq. ft. of surface
Bushel baskets:
Production
dozens
Shipments .
.
dozens
Stocks end of month _.
dozens
Rotary-cut veneer:
Receipts
_ number of carloads. _
Purchases
number of carloads..




8

3,154

3,504

3,918

5,131

261, 355
198, 592
609, 882

188, 021
254, 432
602, 083

229, 342
294, 662
565, 911

243, 056
262, 810
570, 726

165
229

164
244

181
249

259
325

Revised.

49

244
199

3,162

3,767

238, 388
332, 048
448, 526

356, 573
418, 181
386, 918

122
162

112
105

+28.6 +20.0

6 1, 784, 160
e 1, 684, 966

-5.8 +117.9
-38.8 +89.5

« Cumulative through Aug. 31.

877
900

27,205 !
6 25, 228 1

1, 641, 724
1, 605, 810

-0.6
+1.7

-8.0
-4.7

1,454 +65.8
1.851 +105. 7

38
TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (-)

1937

August

September

August

September,
Septem- 1928,
ber
from
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1927

1938

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

STONE, CLAY, AND GLASS
PRODUCTS
Clay Products
Face brick, averages per plant:
Production
thousands
Shipments _
.thousands
Stocks, end of month..
thousands..
Unfilled orders, end of month., .thousands..
Common brick:
Stocks, end of monthBurned
thousands. _
Unburned
thousands..
Shipments
thousands.
Unfilled orders, end of month.. thousands..
Plants closed down
number..
Price, red. New York
dolls, per thous. .
Porcelain plumbing fixtures:
Net new orders
pieces..
Shipments
pieces
Unfilled orders, end of month
pieces..
Stocks, end of month..
pieces..
Vitreous china plumbing fixtures:
New orders
— pieces,.
Shipments
pieces. _
Unfilled orders, end of month
pieces..
Stocks, end of month
pieces _
Terra cotta, new orders:
Quantity
net tons..
Value
thous. of dolls
Sand-lime brick:
Production
thousands
Shipments by rail
..
thousands..
Shipments by trucks
thousands. .
Stocks, end of month.
thousands..
Unfilled orders, end of month, .thousands. _

796
925
2,517
942

844
876
2,495
950

763
815
2,439
1,046

890
841
2,282
989

297, 212
125, 650
225, 747
273, 743
5
13.50

302, 249
130, 990
219, 522
260, 970
3
13.50

408, 563
208, 202
238, 941
299, 457
11
13.50

5

26, 775
15, 459
103, 131
50, 819

s 13, 405
19, 257
95, 246
40, 823

233, 515
288, 317
514,452
448, 326

900
850
2,523
1,101

842
825
2,564
1,069

798
693
2,466
880

491, 088
206, 938
218, 339
221, 625
14
13.50

12.50

427, 277
178, 357
194, 971
231, 637
10
11.75

489, 566
158, 761
176, 315
219, 244
59
11.75

-7.4

s 12, 976
20, 253
81, 699
48, 621

s 12, 960
22, 970
65, 029
47, 690

9,939
16, 525
54, 583
50, 953

20, 046
21 870
34, 972
25, 868

-23.3
—28 1
-16.1
+6.8

227, 734
275, 292
4(56, 984
444, 884

186, 428
248, 448
404, 874
460, 840

215, 848
267, 349
353, 373
478, 523

181,018
215, 544
318, 508
510, 864

249, 169
279, 539
337,956
520, 364

223, 980
235, 883
325, 069
518, 452

-16.1
-19.4
-9.9
+6.8

-18.2
-8.6
-2.0
-1.5

2, 065, 812
2, 317, 947

10, 857
1,113

16, 108
1,558

14, 191
1,385

12, 058
1,123

10, 570
1, 005

15, 643
1,557

13, 440
1,342

-12.3
-10.5

-21.4
-25.1

114, 196
11, 586

22, 244
7,752
18, 229
12, 159
14, 445

19, 133
5,120
14, 437
11,656
11, 718

18, 072
6,055
11, 772
12, 591
11, 762

21, 680
8,284
13, 215
14, 446
14, 503

21, 300
7,375
13, 294
12, 547
19, 800

21, 680
6,729
11, 815
18, 689
16, 094

17, 280
86.6
18, 986
25,984
14, 329
1.683

17, 469
90.1
18, 421
25, 029
12, 944
1.683

17, 445
87.0
19, 901
22, 580
11, 707
1.683

18, 730
93.1
21, 970
s 19, 328
9,357
1.683

17, 856
91.7
20,462
16, 722
7,589
1.650

18,315
94.5
21,411
16, 292
7,887
1.683

17, 505
92.3
19, 828
13, 996
6,490
1.683

-4.7
-1.5
-6.9
-13.5
-18.9
-2.0

+2.0
-0.7
+3.2
+19.5
+16.9
-2.0

128, 286

131,036

+2.2

134, 998

136, 286

+1.0

20, 695
13, 246

15, 446
8,997

13, 123
6,984

16, 889
9,254

14, 752
9,630

13, 528
7,445

11, 581
6,872

-12.7
+4.1

+27. 41
+40. 1

101, 442
58, 666

124, 465 +22.7
79,297 +35.2

16, 706
735
8,967

18, 802
661
9,494

8,828
483
9,497

12, 145
599
9,547

26, 105
1,169
9,427

15, 301
750
10,005

23, 354 +114. 9
927 +95.2
9,921
-1.3

+11.8 i
+26.1
-5.0

112, 545
5,272
89, 056

119, 531
5,109
80, 358

+6.2
-3.1
-9.8

10, 224

10, 723

9,346

11, 474

10, 248

10, 616

9,353

-10.7

+9.6

86, 668

91, 563

+5.6

2,688
86.7
2,137
2,729
10, 076
6,192

2,589
86.7
2,225
2,552
9,642
6,220

2,374
77.2
2,008
2,311
9,166
6,267

2,686
80.9
1,909
2,654
8,467
6,297

2,322
78.7
2,122
2,433
8,084
6,173

2,142
69.3
1,850
2,120
8,765
6,217

1,999
69.6
2,340
2,325
8,606
5,925

-13.6
-2.7
+11.2
-8.3
-4.5
-2.0

+16.2
+13. 1
-9.3
+4.6
-6.1
+4.2

19, 078

21,942 +15.0

19, 706
19, 789

21,047
21, 887

+6.8
+10.6

3,368
42.1
44.5
40.0

3,365
44.2
41.6
42.6

1,748
22.3
40.2
26.8

2,985
36.5
44.5
42.5

3,190
43.0
44.2
43.0

2,410
32.0
38.3
31.4

3,609
40.7
43.4
45.7

+6.9
+17.8
-0.7
+1.2

-11.6
+5.7
+1.8

25, 295

26, 657

+5.4

1.1

1.3

1.6

1.8

1.7
4.3 *

1.3
3.5

1.5
3.6

-5.6
0.0

+13.3
+19.4

733
.78

774
.78

291
.78

582
.78

517
.75

454 +100. 0
.75
0.0

+28.2
+4.0

6,078

5,606

-7.8

76, 135
252, 300

28, 150
264,300

75, 318
275,000

36,644
259, 400

71,904
142,800

64, 753
143, 700

-51.4
-5.6

-43.4
+80.5

547, 234
978,293

14, 525

38, 461

57, 327

43, 313

43, 572

28, 822

-24.4

+50.3

207,847

32,868

31,800

84, 548

118, 629

+1.1
+1.1
+10.6
+11.3

+12.8

+22.7

+2.3
+25.1

6,771
6,245

6,463
6,610

-4.5
+5.8

6 1, 465, 029 e 1, 625, 111 +10.9

+6.4

e 6130, 023
51, 704
6
84, 796

2, 405, 582 +16.4
2, 408, 859 -3.9

113, 707
10, 780

-0.4
-7.0

6 131, 914 +1.5
6
45, 996 -11.0
689,454 +5.5

Portland Cement
Production...
..thous. of bbls__
Operation
per ct. of capacity..
Shipments
-- thous. of bbls. _
Stocks, end" of month
thous. of bbls..
Stocks, clinkers, end of month. .thous. of bbls..
Wholesale prices, composite
dolls, per bbL.
Highways
Concrete pavements, new contracts:
Total
_
...thous. of sq. yds..
Road
.thous. of sq. yds. .
Federal-aid highways:
Completed—
Cost
thous. of dolls..
Distance
miles. _
Under construction, end of month — miles..
Plate Glass
Production, polished

thous. of sq. ft..

Glass Containers
Actual production:
Quantity
Relation to capacity.
New orders
S hipments
Stocks end of month
Unfilled orders, end of month"

-

gross..
per cent..
gross..
gross _ _
gross
gross..

lllu ruinating Glassware
Production:
Total
.number of turns .
Ratio to capacity
per ct. of capacity..
New orders
...per ct. of capacity..
Shipments
_ per ct. of capacity..
Unfilled orders, end
of month
number of weeks' supply. ..
Stocks, end mo
number of weeks' supply..

-,9j

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
Exports
thous. of Ibs
516
Price, wholesale
dolls, per 100 Ibs _
.78
Nitrate of soda:
113, 722
Imports
..
long tons
Production in Chile
metric tons.. 262, 400
Potash salts:
Imports (commercial)
long tons .
12, 997
Production in France
32, 000
(K2O content)
_.
metric tons
Sales in Germany
^KjO content)
.metric tons..
63,746
5
Revised.




34,000

99, 948

102,608

108, 696
8

Cumulative through Aug. 31.

853,558 +56.0
2,301,700 +135. 3
282,410

+35.9

39
TREND OF BUSINESS MOVEMENTS—Continued
1928
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1937

July

August

September

August

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

SepSeptember, tember,
1928,
Septem1928,
from
from
ber
SepAugust, tember,
1928
1927

1937

1938

Per ct.
increase
( }
or tdecrease
(-)
cumulative
1928
from
1927

CHEMICALS AND OILS- Continued
Chemicals— Continued
Superphosphate (acid phosphate) :
Production _. .
_short tons
Stocks, end of month
short tons
Shipments
..
_
short tons
Fertilizer:
Exports
long tons
Consumption, Southern States-short tons..
Dyes and dyestuffs, exports:
Vegetable
_.thous. of lbs_.
Coal tar
thous oflbs
Arsenic
Crude:
Production
Stocks end of month
Refined:
Production
Stocks end of month
Price index numbers:
Crude drugs
rel to
Essential oils..
_rel. to
Drugs and
Pharmaceuticals
rel. to
Chemicals
rel
Oils and fats
rel

284, 948 299, 444 293, 250 294, 381
803, 888 1, 041, 542 51,258,339 1, 416, 348
134, 970
59, 899 5 64, 401
82, 876

6

s 257, 689 267, 516
si.475,101 1, 361, 529
5 83, 611 198, 547

1, 926, 234 6 2, 592, 414 +34.6

« 1, 135, 182 6 1, 483, 612 +30.7

146, 480
198, 810

111, 581
47,236

98, 803
19, 251

103, 575
62, 903

99, 149
138,470

100, 659
57, 485

160
1,898

272
1,726

254
8,340

237
1,335

157
1,330

237
2,254

229
4,469

short tons
short tons

1,225
1,876

1,703
2,099

1,385
2,105

2,086
2,999

972
1,009

1,472
1,422

6 9, 059

short tons
short tons

713
2,370

732
1,916

728
1,568

803
1,618

986
1,346

873
1,787

6 6, 901

Aug 1914
Aug., 1914..

208
159

199
166

197
162

193
161

192
159

192
121

202
203

-0.5
-1.2

-5.0
-21.7

Aug , 1914
to 1913-14
to 1913-14

169
113
128

169
113
123

168
113
123

164
113
121

164
113
121

156
112
127

156
113
134

0.0
0.0
0.0

+5.1
0.0
-9.7

9,126
720

9,340
443

*9,262
None

8,291
446

13, 125
172

12,856
427

-10.5

-35.5
+4.4

116, 525
6,319

96, 174 -17.5
6,609 +4.6

10, 175
887

13, 302
882

12, 096
2,098

12, 513
348

13, 587

13, 369
830

+3.4
-83.4

-6.4
-58.1

113, 146
5,234

108, 281 -4.3
8,360 +59.7

5 15, 128
2,848
215
3.50

•11,411
2,333
1,792
3.50

«8,600
140
1,141
3.88

4,130
183
449
4.00

19, 889
2,222
283
3.50

19, 452
1,823

-52.0
-78.8
+30.7 -90.0
—60.6
+3.1 +14.3
5, 934, 225
269, 459

5, 299, 935 -10.7
265,985 -1.3

5

113, 322
-4.3
175, 070 +120. 1

-12.5
-20.9

1, 000, 580
4, 207, 627

-33.8
-0.4

-31.4
-70.2

2,613
20,783

963, 918 -3.7
5, 231, 895 +24.3
2,381
22,705

-8.9
+9.2

611,331 +25.1
6

5, 828 -15.5

Wood Chemicals
Acetate of lime:
Production10,987
United States
thous of Ibs
704
Canada
thous. of Ibs
Shipments—
«
15,
386
United States
thous. of Ibs. .
684
Canada
£.thous. of lbs_.
Stocks, end of month5 16, 2C5
United States
thous of Ibs
3,095
Canada
thous. of Ibs
1,152
Exports
thous of Ibs
3.50
Price wholesale
dolls per cwt
Methanol, crude:
ProductionUnited States..
gallons.. 609, 604
28, 505
Canada
gallons
Stocks at crude plants, end of month299,
062
United States
gallons..
33, 357
Canada
- gallons
Stocks at refineries and in transit —
909,620
United States
gallons
57, 270
Canada
..
gallons
98, 763
Exports
gallons.Wood at chemical plants:
Consumption59, 744
United States
. cords .
3,530
Canada
cords
Stocks, end of month489, 388
United States
cords
74, 319
Canada
cords
Daily capacity3,266
Total
cords
299
Shutdown
cords _
Methanol, refined:
ProductionUnited States
gallons-- 557, 780
30, 400
Canada
gallons-Stocks, end of month—505, 299
United States
gallons
55, 359
Canada...
gallons..
ShipmentsUnited States
_
gallons.. 492,081
14, 528
Canada
gallons. .
.46
Price wholesale N Y
dolls per gal

6

5

5

3.50

510, 627
27, 741

518, 220
14, 885

500, 687
None

453, 678
18, 816

574, 710
12, 058

622, 594
17, 777

-9.4

-27.1
+5.8

289, 433
34, 950

285, 139 • 219, 738
37,933
38, 485

193, 667
13, 665

361, 657
27, 057

314, 231
31, 824

-11.9
-64.0

-38.4
-57.1

558, 483
73, 955
66, 785

277, 077
66, 518
54, 535

160, 156
64, 817
14, 000

164, 972 1, 408, 637 1, 467, 460
+3.0
38, 600
28, 610
1,590 -40.4
32, 540
18, 796
20, 526 +132. 4

+58. 5

163,084

443, 354 +171.9

56, 829
3,498

53, 247
1,938

5 51, C92
None

45, 437
2,160

81, 781
1.154

79, 350
2,401

-11.1

-42.7
-10.0

648, 870
32, 328

535, 264 -17.5
33,081 +2.3

501, 021
73,900

502, 576
73,699

497, 756
73, 700

500, 860
73, 759

606, 910
68, 693

617,360
66, 624

+0.6
+0.1

-18.9
+10.7

3,266
697

3,250
807

3,262

1, 053

3,266
1,113

3,395
455

3,395
391

603, 247
6,200

541, 113
10,800

436, 811

14,700

355, 353
25, 396

317,711
None.

441, 771
28, 293

-18.6
+72.8

-19.6
-10.2

3, 725, 198
213, 838

4,290,945 +15.2
265, 446 +24.1

541, 083
45, 733

444, 496
39, 210

396, 730
26, 715

300, 478
67, 314

428, 194
50, 687

382, 876 -24.3
58, 312 +152. 0

-21.5
+15. 4

596, 502
11, 462
.46

667, 549
12, 672
.47

497, 971
22, 076
.48

415, 340
33, 101
.48

389,033
8,440
.58

506,914
23, 982
.55

-18.1
+38.0
-12.7

3, 892, 568
209, 168

4,441,365 +14.1
198, 961 -4.9

11,043
10,468
10, 904

13, 036
16, 336
6,646

16, 618
14, 927
7,351

18, 764
16, 128

15, 587
12, 212
11, 122

14,129
14, 130
9,838

32,850
of Ibs..
33, 511
of Ibs _
32, 163
of Ibs. _
of lbs_.
16, 990
4
Revised.

32, 625
32, 816
31,305
16, 732

30, 084
29, 561
27,993
17. 158

35, 092
23, 039
32, 268
18, 554

5

-88.8

+0.1
-3.8
+5.7 +184. 7

-16.6
+49.9
0.0

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

9,263

6 105, 364
6 94, 109

6 106, 565
695,038

+1.1
+1.0

305, 785
305,300
294,284

289,617
281, 655
276,782

-5.3
-7.7
-5.9

Explosives
(Black powder, permissible, and other high
explosives)
Production
Shipments
New orders
Stocks, end of month




thous.
thous.
thous.
thous.

35, 310
36, 304
36, 858
+0.6
37, 465
35, 736
36, 964 +62.6
+4.2
34,680
35,304
33, 611
17.344
16, 274
17. 152 -12.3
« Cumulative through Aug. 31.

-4.2
+1.4
-4.8
-5.1

40

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

September

August

Per ct.
increase
(+
}
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

September,
Septem- 1928,
ber
from
August,
1928

September,
1928,
from
September,
1927

-19.7
+0.4
0.0

-25.0
+0.8
-5.5

303, 450

250, 269

-17.5

-20.2 -23.2
+1.4 +0.5
-4.3 -8.9

1, 014, 066

841, 152

-17.1

1937

1938

CHEMICALS AND OILS-Continued
Naval Stores
Turpentine (gum):
Net receipts, southern ports
barrels..
Stocks at ports, end of month
barrels..
Price, southern, New York__dolls. per gal_.
Rosin (gum):
Net receipts, southern ports
barrels..
Stocks at 3 ports, end of month
barrels. _
Price, B, New York
dolls, per bbl
Rosin (wood):
Production..
barrels..
Stocks, 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

39, 764
46, 741
.54

48, 111
61,336
.57

46, 637
69, 245
.55

42, 724
73, 304
.52

34, 312
73, 595
.52

47, 809
58, 915
.59

45, 775
73,019
.55

118, 460
128, 789
8.15

148, 041
165, 604
8.10

148, 250
178, 225
9.71

145, 357
227, 517
9.59

116, 029
230, 672
9.18

158, 514
198, 883
10.62

151, 045
229, 426
10.08

36, 036
114, 160

36, 054
108, 200

37, 016
112, 703

37, 623
114, 074

35, 473
112,964

35, 521
71,982

34, 839
76, 327

-5.7
-1.0

+1.8
+48.0

315, 225

314, 173

-0.3

6,350
9,459

5,700
8,510

6,304
7,786

6,274
6,898

6,257
6,027

6,347
8,256

6,562
10, 232

-0.3
-12.6

-4.6
-41.1

60, 766

55, 000

-9.5

248, 606
768, 195

191, 947
829, 507

238, 767
824, 671

225, 668
822, 813

211, 828
845, 762

242, 050
524, 246

244, 445
555, 818

-6.1 -13.3
+2.8 +52.2

2, 116, 895

2, 053, 339

-3.0

27, 521
2,366

28, 476
2,153

25, 810
2,798

25, 574
3,356

27, 441
3,166

27, 902
2,907

224, 266

3,008

3,236

2,398

2,417

2,992

3,287

24, 109

1,996
57, 049
21, 383

1,652
59, 951
20, 488

1,145
53, 379
24, 407

1,444
56, 364
19, 716

3,222
80, 914
20,754

1,767
50, 092
19, 311

2,086 +123. 1
55, 985 +43.6
21, 694
+5.3

+54.5
+44.5
-4.3

50, 441
520, 379
156, 855

41, 827 -17.1
538, 669 +3.5
165, 332 +5.4

15, 076

12, 671

19,629

12, 581

34, 008

21, 469

25, 936 +170. 3

+31.1

211, 233

192, 988

11, 613

11, 791

10, 642

11,910

14, 452

8,840

10, 436

+21.3 +38.5

84, 367

113, 273 +34.3

23, 744
23, 381

23, 738
23,926

21, 444
20, 490

23, 610
24, 965

28,446
29,002

» 20, 882
19, 387

23, 495
23, 981

+20. 5 +21.1
+16.2 +20.9

197, 299
194, 781

226, 390 +14.7
226,057 +16.1

5,887
26, 295
37, 650

6,621

6,076

6,075
1 23, 100
7 33, 063

-22.2
-12.8

-11.5
-0.7

75, 320

77, 526

+2.9

7 2, 497
7 7, 297

-61.6
-19.9

-26.0
-0.2

12, 896

12, 042

-6.6

275, 505 « 1,031,414 +413. 1
159,856 « 585, 275 +470.3
205, 433 s 651, 572 +382. 2

-15.7
-28.1
-13.1

2, 990, 554
3, 637, 852

s 178, 960 +506. 7
« 87, 463 +342. 8

-29.3
-22.3

1, 095, 210

687, 626

33, 253 « 99, 806 +211.8
272, 955 5 226, 211 -32.4
.107
+5.3
.100
2,113 +18.2
1,745

-38.5
-29.4
—7 5
+15.3

1,015,982

683, 300 -32.7

+434. 3
+209. 9
+133. 2

-28.6
-43.5
-16.3

1, 644, 188

978, 881 -40.5

279, 599

129, 751 -53.6

5,512 +215. 9
1,102 +195. 8
1,583 +98.4
1,716 +17.4

-33.3
+14.3
-61.1
-26.9

9,887
4,442

9,142 -7.5
5,254 +18.3

i

Fats and Oils
Total vegetable oils and copra:
Exports
thous. of lbs._
Imports . . .
._ .thous. of Ibs
Copra, imports
_
_. short tons..
Copra or coconut oil:
Imports
thous. of Ibs
Consumption in
oleomargarine
thous. of Ibs. .
Oleomargarine:
Production
thous. of Ibs
Consumption
_
thous. of Ibs..
Animal glues:
Shipments
thous. of Ibs
Production (quarterly)
thous of Ibs
Stocks, end of quarter
thous. of lbs_.
Edible gelatin:
Production (quarterly)
thous. of Ibs..
Stocks, end of quarter
thous. of Ibs. .
Cottonseed
Cottonseed:
Receipts at mills
short tons
Consumption (crush)
short tons _
Stocks at mills, end of month, .short tons..
Cottonseed oil, crude:
Production
thous. of Ibs
Stocks, end of month
thous. of Ibs
Cottonseed oil, refined:
Production
. thous. of Ibs. _
Stocks end of month
thous of Ibs
Price, yellow, prime, N. Y... dolls, per lb._
Consumption in oleomarg thous. of lbs_.
Cottonseed cake and meal:
Production
short tons..
Stocks end of month
short tons
Exports
short tons..

6,489

7

7
7

20, 454
32, 843
7
7

7

4, 755
7 9, 088

1, 824
7, 284

-8.6

1, 713, 301 -42.7
2, 141, 509 -41.1

5,660
66,040
52, 437

16, 798
39, 041
30, 194

23, 923
32, 339
21, 781

169,498
73, 795
117, 484

869, 738
420, 883
566, 530

24, 437
47, 409

13, 445
33,509

11,285
19, 457

20, 863
15,346

126, 584
67, 951

61, 935
480, 431
.106
2,135

22, 779
415, 428
.102
2,106

26, 404
335, 406
.101
1,867

19, 677
236, 200
.094
2,062

61, 350
159, 629
.099
2,437

31, 376
59, 745
4,906

18, 457
45, 387
143

13, 769
32, 601
71

34, 760
19, 794
944

185, 723
61, 350
22, 013 |

650
675
856
2,156

681
392
764
1,664

320
272
411
1, 484

5 1, 163
426
310
1,068

3,674
1,260
615
1,254

717
496
589
1,123

17, 542

13, 460 -23.3

17, 245
.103

17, 196
.103

12, 229
.100

13, 571
.098

14, 443
.098

10, 859
.107

12, 970
.104

+6.4 i
0.0 i

+11.4
-5.8

96, 074

131, 425 +36.8

16, 621
45, 331

11,421
45, 135

10, 057
47, 258

16, 051
52, 392

26, 257
38, 772

10, 145
58, 947

19, 420
52, 984

+63.6
-26.0

+35.2
-26.8

114, 327
502, 153

187, 157 +63.7
419, 055 -16. 5

46, 157
25, 736

72,264 s 260, 110
44, 142 s 108, 572
26, 306
15, 122

17, 979

19, 112

-37.2

+6.3

Flaxseed
Production crop estimate
thous of bushs
Minneapolis and Duluth:
Receipts
thous. of bushs
Shipments
thous. of bushs
Stocks end of month
thous of bushs
Imports
thous. of bushs
Linseed oil:
Shipments from Minneapolis.thous. of Ibs..
Price New York
dolls per Ib
Linseed cake and meal:
Shipments from Minneapolis.thous. of lbs._
Exports
..thous. of Ibs. _

2

3 26, 583

22, 472

FOODSTUFFS
Wheat
Production, crop estimate:
Winter wheat
Spring wheat
Total wheat
Visible supply, end of month:
United States
Canada




thous of bushs
thous of bushs
thous of bushs

40,480
50, 381
thous of bushs
99, 228!
thous. of bushs. . 112, 054
2 As of Oct. 1, 1928.
3 Final estimate for 1927.

3 552, 384
3 319, 307
3 871, 691

2 578, 599
2
325, 266
2
903, 865

1
I
55,362
72, 891

92, 108
32,728

114, 523
78,069
5
7

67, 273
28, 264

84, 630 +24. 3 +35. 3
22, 958 +138.5 +240.1 i

Revised.
Quarter ending in month indicated.

::::::::::_!i

41
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the Augustt 1928, "Survey"

May

June

!

August

July

PEE CENT INCREASE (+) OB
DECREASE (— )

1927

Septem- i August
ber

[
'

Per ct.
increase
(

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

-y

or de-

crease

SepSeptember, tember,
1928,
Septem- 1928,
from
from
ber
SepAugust, tember,
1928
1927

(-)

1927

cumulative

1928

1928

from
1927

FOODSTUFFS— Continued
Wheat— Continued
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. 2, red winter, Chicago-dolls, per bush..
No. 1, northern spring,
cash, Minneapolis
dolls, per bush..

25, 922
27, 912

15, 544
14, 840

72, 618
33, 543

84, 221
46, 105

73, 322;
39, 508

81, 632
46, 583

79, 740
50, 374

-12.9
-14.3

-8.0
-21.6

336, 667
210, 647

4,823
8,624

5,006
8,093

4,153

7,064

10, 394
14, 588

17, 939
22, 528

23, 418
28, 150

33, 775
39, 536

+72.6
+54.4

-46.9
-43.0

111,423
151, 258

56, 010 -49.7
93, 943 -37.9

30, 282
34, 268

21, 960
25, 182

32, 426
35, 944

629,220

25, 057

26, 923
30, 928

12, 197
14, 510

14, 071
17, 118

+7.4
+5.8

+91.3

138, 019
166, 176

197, 237 +42.9
230, 914 +39.0

+80.7 !

1.90

1.65

1.52

1.33

1.40

1.40

1.32

+5.3

+6.1

1.502

1. 376

1.300

s 1. 210

1. 201

1.427

1.323

-0.7

-9.2

39, 910
7,138

35, 633

39, 077

5 47, 528

47, 734

44,099
5,276

48, 131

+0.4

-0.8 !

8,604
9,960

7,665
8,854

5 10, 341
11, 563
1,590
1,458
688, 711 5 817, 831
58
51
10, 431
7,762

10, 450

9,617
10, 458
1,158
761, 468
54
8, 906

10, 470
11, 816
1,528
833, 108
64

+1.1

-0.2

7, 300

8,490

1, 052
514

1,281
677

+9.4
-3.8

-20.4
+31.5 ;

+7.5
+3.5

361, 869
218, 115

i

.

Wheat Flour
Grinding of wheat:
United States
thous. of bushs
Canada
thous of bushs
Production:
United States, actual
thous. of bushs
United States, prorated
thous. of bbls..
Canada
thous of bbls
Production, grain offal
thous. oflbs_.
Capacity operated, flour mills
per cent..
Consumption (computed)
thous of bbls
Stocks, all positions, end of
month (computed)
thous of bbls
Exports:
United States
..thous. of bbls..
Canada
-thous. of bbls..
Wholesale prices:
Standard patents, Minn
dolls, per bbl
Winter, straights,
Kansas City
dolls, per bbl_.

8,304

6,769

7,330

8,416

9,409

1,541
705, 781
50
9,515

1,359
636, 308
44

6,300

6,200

7,847

7, 400

845
886

686
716

647
782

932
925

1,020
890

8.49

7.95

7.36

6.62

6.59

8,269

815, 561
66
i

6,925

9,346

-0.3
+13.8

-2.1
+3.1

7.60

7.07

-0.5

-6.8

1

6.77

6.64

-0.2

—14.9

668
7,114
19, 658
11, 949 !
6,541
.99 i

459
23, 805
16, 758
11, 762

-34. 4
-28.8
-8.4
-24.3

+17.0
-71.7
-11.1
-2.5
-13.5
0.0

5.65

7.63

7.18

6.44

5.66

1, 1861
27, 554
23, 708
23, 454

1, 045
17, 451
18, 771
20, 221

891
12, 479
23, 742
16, 080

1,018

1. 07 1

1. 03

1.08

14, 406
7,319
465
.69
887

7,144
3, 392
78
.71
753

6,610
1,954
104
.61
723

27, 271
15, 687

11, 520

9,974

9,320

5,968

2

'?f?

2,217
685
2, 242

23, 611
6,313

8,758

14, 830

3,532
4,256

1.04

.96

.83

.73

.67

.80

1,593
1,696
3, 345
1.32

781
1,465
1,297
1.26

571
1,146
195
1.13

2,636

1,440
709
.98

2 43, 274
6,001
1,926
2,471
1.00

4,293
3,083

15, 006

12,423

10, 496

27, 476

42, 805

35, 589

I
!

363, 572
6 42, 954

377, 059 +3.7
6 55, 063 +28.2

79, 392
77, 242
10, 282
6, 270, 690

81, 539 +2.7
6 80, 794 +4.6
e 11, 922 +16.0
6, 614, 814 +5.5

6
6

6 69, 071

6 72, 087

8,849

8,430

6, 257

+4.4

-4.7
7, 484 +19. 6

i

"""!"""

Corii
Production crop estimat*1
thous of bushs
Exports, including meal.thous. of bushs..
Visible supply end of month thous of bushs
Receipts, principal markets ... thous. of bushs,.
Shipments, prin. markets
thous. of bushs..
Grindings (starch, glucose)
thous. of bushs,.
Price No 2 Chicago
dolls per bush
.

3

6,92l|

6,427

5,843

9,985
21, 467
15, 778
5,193
.97

2,903,272

7,309
1.09

32,786,228

571
25, 110
22, 116
12, 257
7,561
.99

+26.0

+2.1

12, 372

17,618 +42.4

174, 905
101, 108
62, 571

248, 091 +41.8
172, 989 +71.1
65, 112 +4.1
i
i

112, 179

118, 379

Oats

Production, crop estimate
thous of bushs
Receipts, principle markets. ..thous. of bushs..
Visible supply, end of month, .thous. of bushs..
Exports, including meal.
thous. of bushs
Price contract grades, Chi
dolls per bush
Grindings Canada
thous of bushs
Production, oatmeal and rolled
oats Canada
thous of Ibs

2,403
.39
988

2 1,452,966
14, 375

21, 413
22, 501
1, 398
.48
791

18,004
2,308

.43

31,195,006

17, 223
26, 430
647
.49
1,107

9,785

13, 357

11, 108

3 265, 577
15, 547

-47.3 -16.5
+14.8 -31.9
-4.0 +256. 7
+10.3 -12.2

+5.5

8, 935

7,157 +19.9

6 50, 122

6 66, 215 +32.1

6 68, 060

« 79, 792 +17.2

42, 746

71, 848 +68.1

22, 914

33, 822 +47.6

27, 250

17,547 -35.6

25, 550

9,673 -62.1

158, 204 -28.7

Barley
Production, crop estimate
thous of bushs
Receipts, principal markets.. .thous. of bushs..
Visible supply, end of month thous of bushs
Exports
thous. of bushs..
Price, fair to good, malting,
Chicago
dolls per bush

3,031
1,435
1,386

1,910

2 350, 593
21, 710

8,084

4,900
6,830

-8.1 +39.6
+28.1 +65.0
+69.3 +117. 1
-8.2

-19.3

3 58, 572
10, 512 +127. 7

-42.9

.83

ttye
Production, crop estimate
thous. of bushs
Receipts, principal markets... thous. of bushs..
Visible supply, end of month, .thous. of bushs ..
Exports, including flour. thous. of bushs
Price No. 2, Chicago
dolls per bush

1,325
.97

2,207 +33.8 -12. 7
7,743 +248. 5 -68.1
.97

+2.0

+3.1

55, 327

+55.8

-22.6

222, 032

3 40, 231
792, 345 1, 167, 281 +357. 2

+2.6

5, 391, 784

5, 254, 968

-2.5

777, 583
849, 908 +124. 7
346, 076
423, 559
195, 155 +52.6
147, 464
109, 951
96, 643
695, 660 1, 108, 564 1, 235, 674 1, 581, 097 +59. 4
152, 906
112, 232
132, 903 +20.7
126, 668
15, 412
6,026
19, 503
27, 217 +155. 8

-8.5
-24.4
-29.9
+15.1
-44.4

6, 264, 632

1,396,592

6, 668, 504
1, 356, 886

+6.4
-2.8

2, 469, 428
422, 652

2, 614, 254
280, 683

+5.9
-33.6

Total Grains
Total grain exports, incl. flour.thous. of bushs.,
Bice
Production, crop estimate
thous of bushs
Southern paddy, receipts at mills
bbls._ 351, 607 129, 752
Shipments:
Total from mills
pockets (100 Ibs)
909, 718
531, 073
New Orleans
pockets (100 Ibs )
203, 261
115, 399
Stocks end of month
pockets (100 Ibs ) 1, 455, 366 1, 067, 092
Exports
pockets (100 Ibs )
380, 725
291, 287
Imports
pockets (100 Ibs.)..
27,452
14, 815




2

As of Oct. 1, 1928.

3 Final estimate for 1927

16, 892

285, 155
35, 274
829, 608
189, 472
31. 688

2 38, 833
338, 269 1, 197, 924

5
6

Revised.
Cumulative through Aug. 31.

42
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

None.
1,040

None.
3,369

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

Septem-

August

September

SepSeptember, tember,
1928,
1928,
from
from
SepAugust, tember,
1928
1927

Per ct..
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

FOODSTUFFS-Continued
Other Crops
Apples:
Production, crop estimate thous. of bushs
Cold-storage holdings,
end of month
thous. of bbls..
Car-lot shipment
carloads. .
Potatoes:
Production, crop estimate thous. of bushs__
Car-lot shipments
_
carloads. .
Onions, car-lot shipments
carloads .
Citrus fruits, car-lot shipments
. carloads ._
Hay, all tame:
Production, crop estimates thous. of tons..
Hay, receipts
__tons_.

3 123, 455

« 177, 560
599
1,803

1,442
18, 085

«84
4,170

33
3,352

1,038
11, 039 +333. 7

+38.9
+63.8

44, 405

17,418
2,313
4,492

3 402, 149
23, 674 +30.4
4,473 +134. 6
3,853
-14.5

-14.4
+34.3
-5.6

175, 617
21, 456
80, 765

191, 240 +9.3
25, 875 +20. e
63, 323 -21.6
484, 509

44, 576

+0.4

22, 955
4,133
8,350

29, 152
1,200
5,134

20, 972
1,652
5,070

2 463, 722
15, 538
20, 267
2,561
6,009
4,254
3,636

42, 955

43, 622

43, 770

59, 774

2 92, 688
64, 511

51, 652

3 106, 219
64, 440

+7.9

+0.1

519. 808

1,799
682
283
1,120

1,558
594
184
963

1,650
608
196
1,013

1,829
814
336
1,007

2,191
1,067
563
1,069

2,065
802
269
1,231

1,988
906
407
1,085

+19.8
+31.1
+67.6
+6.2

+10.2
+17.8
+38.3
-1.5

16, 092
6,029
2,003
9,948

15, 463 -3.9
6,139 +1.8
2,417 +20.7
9,166 -7. 9

422, 916
435, 397
1,165

406, 060
412, 257
1,392

375, 745
381, 747
1,510

398, 056
407, 512
1,519

418, 882
436, 753
647

465, 597
470, 490
1,899

453, 993
455, 239
1,609

+5.2
+7.2
-57.4

-7.7
-4.1
-59.8

3, 938, 748
4, Oil, 550
16, Oil

3, 519, 763 -10.6
3, 607, 253 -10.1
10, 337 -35.4

37, 212

32, 238

32, 442

5 31, 065

37, 428

33, 446

35, 878

+20.5

+4.3

13.18
.201
.229

13.56
.212
.225

14.99
.229
.249

15.11
.244
.260

16.19
.259
.284

12.58
.203
.200

13.31
.199
.213

+7.1
+6.1
+9.2

+21.6
+30.2
+33.3

2,602
1,093
55
1,502

3,041
1,192
38
1,846

2,565
1,051
48
1,512

+3.1
-5.8
+27.9
+10.2

+1.4
+4.0
+14.6
-0.7

30, 496
11, 139
636
19, 335

34, 015 +11.5
12, 845 +15. 3
560 -11.9
21, 142 +9.&

434, 296
588, 433
65, 617

580, 606
595, 110
72, 958

458, 919
576, 349
89, 829

-6.9
+7.0
-19.9

-5.4
+2.1
-27.0

5, 843, 002
4, 892, 661
756, 379

642, 016
515, 206

933, 436
766, 418

726, 941
608, 767

-25.3
-24.5

-11.7
-15.4

40, 158

117, 871
50, 816

89, 704
59, 736

-8.9

-22.7

126, 810

167, 018

118, 174

-28.7

+7.3

12.43
.254
.132

9.19
.235
.128

10.85
.224
.133

+6.1
+2.0
+3.1

+14.6
+13.4
-0.7

-6.8

Cattle and Beef
Cattle movements, primary markets:
Receipts.
thousands
Shipments, total
thousands. _
Shipments, stocker and feeder . -thousands _.
Local slaughter
thousands
Beef products:
Production, inspected
thous. of lbs._
Apparent consumption
thous. of lbs_.
Exports
_
...thous. oflbs..
Cold-storage holdings,
end of month
thous of Ibs
Prices:
Cattle, corn-fed, Chicago-dolls per 100 lbs._
Steer rounds, No. 2
dolls, per Ib
Western dressed steers, N. Y. dolls, per lb_.

5

Hogs and Pork
Hog movements, primary markets:
3,548
2,924
2,523
3,723
Receipts
thousands
1,299
1,160
1,193
1,296
Shipments, total
thousands
56
43
45
66
Shipments, stocker and feeder—thousands. .
1,363
2,269
1,719
2,420
Local slaughter
.thousands..
Pork products, total:
Production, inspected
thous. of lbs__ 672, 640 704, 468 537, 820 466, 696
Apparent consumption
thous. of Ibs. _ 616, 624 598, 167 560, 122 5 550, 185
84, 290
82, 936
81, 924
85, 201
Exports
thous. oflbs._
Cold-storage holdings, end of month:
Total
thous. of Ibs.. 1, 105, 439 1, 129, 839 1, 024, 124 5 859, 903
Fresh and cured
thous. of Ibs.. 919, 366 915, 360 819, 185 5 682, 015
Lard (included in pork products) :
108, 522
92, 401
146, 520
140, 414
Production
thous of Ibs
52, 940
53, 436
55, 540
50, 658
Exports
thous. oflbs..
Cold-storage holdings,
end of month
_ .thous. of lbs_. 186, 070 214, 479 204, 939 s 177, 888
Prices:
10.12
11.71
10.86
9.61
Hogs, heavy, Chicago dolls, per 100 lbs._
.215
.236
.249
.206
Hams, smoked, Chicago... _ dolls per lb.__
.122
.125
.128
.123
Lard, prime contract, N. Y__dolls. per lb._

6, 244, 424
5, 377, 140
811, 138

+6. 9
+9.9
+7. 2

6 1, 108, 501 6 1, 177, 895
518, 557
545, 747

+6.3
+5.2

Sheep and Lambs
Sheep movement, primary market:
Receipts. _ _
_
thousands
Shipments, total
thousands
Shipments, stocker and feeder—thousands. _
Local slaughter
_ thousands. .
Lamb and mutton:
Production, inspected
thous. of lbs._
Apparent consumption
thous. of lbs._
Cold-storageholdings,endmo.thous. oflbs_Prices:
Sheep, ewes, Chicago -..dolls, per 100 Ibs
Sheep, lambs, Chicago. -dolls, per 100 lbs._

1,952
994
205
951

1,913
904
278
1,020

1,898
828
234
1, 068

2,362
1,250
564
1,097

3,386
2,161
1,080
1,213

2,209
1,054
390
1,137

2,848
1,734
947
1,101

+43.4
+72.9
+91.5
+10.6

+19.0
+24.6
+14.1
+10.2

16, 847
8,358
2,670
8,465

38, 455
40, 135
1,226

40, 693
39, 923
1,947

39, 394
39, 448
1,822

44, 525
« 44, 443
s 1, 691

49, 237
49, 021
2,135

44, 865
44, 811
1,302

45, 378
45, 098
1,991

+10.6
+10.3
+26.3

+8.5
+8.7
+7.3

368, 504
371, 552

7.31
15.19

5.88
13.03

5.38
15.18

5.72
14.31

5.50
14.16

5.58
13.58

5.19
13.56

-3.8
-1.0

+6.0
+4.4

64, 438

63, 941

63, 610

* 56, 888

49, 792

65, 873

58, 163

-12.5

-14.4

thous. of Ibs 1, 134, 010 1, 151, 221 952, 959 909, 277 902, 414 1, 091, 069 958, 290
thous of Ibs 1, 208, 773 1, 227, 965 1, 121, 998 s 949, 547 781, 163 1, 034, 057 822, 973
-thous. of lbs_ _ 1, 092, 156 1, 050, 347 981, 318 «1,002,140 1, 074, 207 1,110,411 1, 076, 686

-0.8
-17.7
+7.2

17, 996 +6.89,054
+8.3
2,807 +5.1
9,916 +17. 1

381, 820
385, 544

+3. 6
+3.8l|

Miscellaneous Meats
Cold-storage holdings, end mo

thous. of lbs_.

Total Meats
Production, inspected...
Cold-storage holdings, end mo
Apparent consumption

10, 150, 267 10, 146, 003
-5.8
-5.1
-0.2 9, 275, 754 9, 369, 953

-0.1
+1.0

Poultry
Receipts at 5 markets ._
thous. of Ibs .
Cold-storage holdings, end of mo -thous. of lbs_.

17, 862
43, 872

18, 849
38, 230

22, 238
40, 395

27, 650
26, 358

29, 809
40, 946

27, 324
53, 140

30, 130
66, 170

154, 768
42. 117

240, 311
23. 106

454, 600
26. 333

832, 632
121. 152

5

22, 361
40, 749

23, 859
43, 868

22, 691
39, 711

24, 391
43, 201

+6.7
+7.7

-2.2
+1.5

183, 386

189, 514

+3.3

24, 284
71, 275

33, 284
54, 061

26, 633
60, 330

-19.4
+7.7

-8.8
+18.1

226, 137

225, 060

-0.5

802, 320 1, 138, 147
97. 163
110, 004

+39.5

+73.9

Fish
Total catch, prin. ports *
thous. of bbs._
Cold-storage holdings, 15th of mo.thous. of lbs_.
Canned salmon:
Shipments, United States.
cases
Exports, Canada..
cases..
*See table on p. 18 of the September,

2 As of Oct. 1, 1928.


1928, issue for earlier data.

5

168. 962

a Final estimate for 1927.
«Revised.

6

6 3, 502, 615 6 2, 683, 493 -23.4
708. 517
770. 734 4-8. Q

Cumulative through Aug. 31.

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 28 to 137 of
the August, 1928, "Survey"

PER CENT INCREASE (+) OR

1937

1938

DECREASE (— )

i

August

September

September

SepSeptember, tember,
1928,
1928,
from
from
SepAugust, tember,
1928
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

Per ctincrease
( }
or tdecrease
(-)
cumu
lative
1928
from
1927

1927

1938

+4.9
+6.5

1, 219, 791
476, 861

1, 193, 840
463, 410

-2.1
-2.8

-5.9
-9.7
+4.3

-13.0
-6.4
+6.5

1, 590, 206

1, 574, 496

-1.0

38,776
21, 522;
43, 641
85, 131
5, 102
225
19, 040

-10.0
-2.7
+17.3
-3.2
+20. 5
-34. 4
+8.5

-3.5
-15.3
-5.4
+15.4
+32.2
-37.3
-10.0

69, 749
.25

65, 453
.27

-2.7
+3.8

+24.8
0.0

1,038

1,005

897

-3.5

+15.7

9,650
77, 508

7,960
71, 208

-14.0
-7.8

+7.3
+15.5

May

June

July

156, 020
54, 427

182, 016
69, 650

167, 750
65, 145

142, 688
55, 339

119, 084
44, 969

146, 808
58, 310

113, 546
42, 234

-16.5
-18.7

15, 952
205, 973
.45

69, 750
204, 173
.44

120, 437 « 136, 175
186, 188 186, 461
.47
.45

128, 193
168, 408
.49

163, 701
188, 803
.42

147, 396
179, 878
.46

40, 305
16, 251
38, 807
48, 990
6,280
303
4,860

58, 880
19, 216
45, 778
68, 613
6,581
180
5,849

41, 578
48, 614
18, 727
21, 741
35, 189
32, 146
89, 708 s 101, 498
5,597
5,937j
215
172
15,
788
20,095

37, 431
18, 222
41,291
98, 241
6,744
141
17, 123

46, 731!
22, 556
41, 956
90, 204
3,430
251
16, 023

36, 716
.24

53, 648
.26

73, 088
.26

s 83, 906
.26

81, 682
.27

2,503

1,763

1,335

1,076

August

FOODSTUFFS— Continned
Butter
Production (factory)
_.thous. of lbs__
Receipts, 5 markets
thous. oflbs
Cold-storage holdings, creamery,
end of month
thous of Ibs
Apparent consumption
thous of Ibs
Wholesale price, New York
dolls, per lb__
Cheese
Total, all varieties:
Production (factory)
thous of Ibs
Receipts, 5 markets
thous. oflbs..
Apparent consumption
thous. oflbs
Cold-storage holdings, end mo. thous. oflbs_.
Imports
thous. oflbs..
Exports, United States
thous. oflbs..
Exports, Canada...
.thous. oflbs
American whole milk:
Cold-storage holdings,
end of month
thous of Ibs
Wholesale price, New York. -dolls, per lb_.

386, 787
171, 064
367, 003

334, 667 -13.5
152, 078 -11.1
345, 397 -5.9

54, 906
2,644
64, 640

53, 777 -2.1
1,929 -27.0
68, 866 +6.5

14, 289

14, 291

Eggs
Receipts, 5 markets
thous. of cases..
Cold-storage holdings, end of month:
Case
thous of cases
Frozen
thous of Ibs
Milk
Condensed milk:
Total stocks, mfrs., end mo.—
Bulk goods
thous of Ibs
Unsold stocks, mfrs., end mo.—
Bulk goods
thous
Exports
thous. of Ibs
Wholesale price, New York, dolls, per case..
Evaporated milk:
Manufacturers' stocks, end of mo.—
Total case goods
thous of Ibs
Unsold, case goods..
thous. of lbs_.
Exports
thous. of lbs._
Production, condensed and
evaporated milk
Powdered milk:

thous of Ibs

Exports
thous. of Ibs
Net new orders
thous. of lbs._
Fluid milk:
ReceiptsBoston (includ cream) thou52 of ots
Greater New York
thous. of qts._
Production—
Minneapolis, St. Paul
thous. of Ibs..
Consumption in manufacture
of oleomargarine
thous. of Ibs. .

Raw:

0.0

8,162
67, 941

10, 002
77, 744

10, 496
81, 670

5 9, 944
« 89, 196

8,541
82, 276

22, 396
16, 716

31,087
25, 255

30, 397
20, 794

« 30, 542
« 19, 332

27, 837
17, 529

43, 559
20, 796

38, 357
19, 566

-8.9
-9.3

-27.4
-10.4

18, 079
8,400
3,279
5.83

25, 081
13, 368
3,054
5.83

23, 594
8,611
3,011
5.97

5 24, 159
« 8, 367
3,246
6.18

21, 821
6,275
3,405
6.18

38, 325
7,600
3,532
5.83

33 004
6,500
2,439
6.00

-9.7
-25.0
+4.9
0.0

-9.7
-3.5
+39.6
+3.0

26, 801

29, 866 +11.4

119, 210
95, 386
7,806
4.28

187, 789
151, 769
5,464
4.28

180, 377
124, 738
5,180
4.34

161, 679
101, 819
6,343
4.45

165, 682
134, 259
5,583
4.58

236, 173
203, 643
4,240
4.58

220, 482
198, 281
3,756
4.58

+2.5
+31.9
-12.0
+2.9

+24.9
-32.3
+48.6
0.0

53, 724

60, 430 +12.5

205, 123

269, 421

171, 065

352,451

136, 170

162, 875

117, 792

-10.7

+15.6

1, 556, 163

15,985
273
6,590

21, 517
225
6,129

,22,632
359
6,264

5 19, 941
526
6,736

18, 139
322
5,662

13, 232
238
5,683

10, 646
239
6,531

-10.0
-38.8
-15.9

+70.4
+34.7
-13.3

2,385
48, 381

17, 914
117, 558

19, 151
115, 866

19, 215
122, 100

19, 081
117, 162

113, 552

18, 095
110, 694

17,586
111, 582

-3.1

+1.8

6 142, 188
999, 061

6 144, 688
1, 024, 187

+1.8
+2.5

31, 949

32, 686

28, 374

24, 413

21, 572

21, 157

19, 046

-11.6

+13.3

232, 917

247, 628

+6.3

7,455

7,034

6,652

7,014

8,530

5,566

6,410

+21.6

+33.1

54, 504

158, 387
271, 492
378, 231
701, 624

180, 861
208, 241
404, 120
682, 591

102, 353
253, 613
433, 367
595, 214

89, 047
274, 366
471, 175
488, 161

107, 175
315, 722
417, 983
465, 386

93, 071
346, 818
457, 961
296, 012

74, 520
278, 078
384, 903
258, 427

+20.4
+15.1
-11.3
—4. 7

+43.8
+13.5
+8.6
+87. 3

1, 080, 275
2, 931, 244
3, 967, 317

58, 371
43, 208
11, 869

64,224
34, 166
5,364

67, 638
24, 930
10, 313

82, 773
34, 049
11, 329

66, 428
26, 725
7,413

78, 069
43, 230
17, 297

68, 432
37, 536
4,451

-19.3
-21. 5
-34.6

-2.9
-28.8
+66.5

665, 787

559, 008 -16.0

99, 991

76, 824 -23.2

.042
.056
.063
127

.045
.056
.066
133

.048
.058
.064
131

168, 638
370, 339
630, 548

208, 474
403,719
783, 717

167, 805
292, 816
671, 952

-7.6
+6.2
-24.0

1,520,760

-2,3

2,838 +19.0
53,1 40+9. 8

66, 789 +22.5

Sugar

Imports—
From Hawaii, Porto Rico. -.long tons..
From foreign countries
long tons..
Meltings, 8 ports
long tons..
Stocks at refineries, end month long tons..
Refined:
Shipments, 2 ports
long tons..
Stocks 2 ports
long tons
Exports, including maple
long tons. .
Prices:
Wholesale, 96° centrif., N. Y.dolls. per lb_.
Wholesale, granulated, N. Y. .dolls, per lb._
Retail, granulated, N. Y
dolls, per lb.
Cuban movement (raw) :
Receipts at Cuban ports
Exports
Stocks end of month
Coffee
Imports
Visible supply:
W^orld
United States
Receipts, total, Brazil
Clearances:
Total, Brazil, for world
Total Brazil for U. S
PripA "RinATn 7 "Rrfl7i'1 ernrlfls




long tons
. long tons
long tons

.043
.059
.067
133

.042
.057
.066
133

.041
.055
.063
129

149, 682
123, 340
237, 507
299, 714
287, 561 224, 869
1,263,287 1,127,054 1, 017, 638

182, 414
348, 808
829, 437

.045
.059
.065
131

-

1, 182, 125
2, 761, 962
3, 600, 481

+9.4
-5.8
-9.2

+2.4 -12.5
—3.4
+1 8
0.0 ;
-1.6
gi
-1.6 i
+0.5
+26.5
-6.2

3, 913, 272
3, 253, 341

3, 599, 087
8, 106, 407

-8.0
-4.5

thous. of bags

83S

906

821

925

655

1,007

667

-29.2

—1 1

7,64C

8,338

+9.1

thous of bags
thous of bags
thous. of bags

5, 143
775
1,158

5,321
861
1,302

5,734
85C
1,168

5,51£
793
1,181

5,378
70
1,040

4,716
82£
1,50£

4,622
547
1,407 1

-2.f
-11. £

+16.4
+28.3
—26.1

10, 70C)

10, 641

-0.6

1,10C
54<

1, 10r
598
.16£

1,05-3
548
.17;

+4.^
1,31C
1,335
1,10
712
+4.C
59.'
57
O.C)
.13£
.135
.17
i Cumulative through Aug. 31.

-17.2
-19.9
+28.

10, 34()
5, 43C5

10, 279
5, 415

-0.6
-0.3

1,30C
thous. of bags641)
thous. of bags
dolls. DP.rlh
.15'n
«Revised.

. 15"

-11. s

44

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

PER CENT INCREASE (+) OR
DECREASE (-)

1937

September

August

May

June

July

4,755
195, 988
.325

4,863
179, 214
.325

7,209
170, 519
.325

8,086
179, 106
.325

9,754
194, 681
.325

9,467
146, 631
.345

18, 604

23, 336

12, 971

13, 461

6,388

13, 310

August

September,
Septem- 1928,
ber
from
August,
1928

September,
1928,
from
September,
1927 !

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

FOODSTUFFS— Continued
Tea
Imports.
_
_ ._ thous. oflbs
Stocks, United Kingd., end mo.thous. of lbs._
Price, Formosa, fine, New York-dolls, per lb_._

R
Imports* _ _ .. _

Cocoa

_ -long tons

5

9,586
163, 838
.345
10, 444

+20.6 +1.8
+8.7 +18.8
0.0 -5.8
-52.5

-38.8

60, 310

60, 790

+0.8

150, 522

143, 048

-5.0

TOBACCO
3
2
1, 237, 832
Production, crop estimate _ .
thous. of Ibs
1, 353, 258
Consumption (tax-paid withdrawals) :
541, 501
575, 996
601, 877
Large cigars
thousands
558, 206
604,870 639, 359
586, 267
-2.6 -8.3 4, 835, 282 4, 687, 910
Small cigarettes
thousands,. 8, 891, 803 9, 690, 961 9, 723, 647 10, 627, 344 9, 126, 271 9, 328, 055 8,994,416 -14.1 +1.5 73, 659, 996 79, 942, 901
33,042
34, 673
Manufac. tobacco and snufLthous. of lbs._
33, 801
34, 981
301, 845
293, 264
30, 155
31, 789
35, 337
-9.1 -8.3
Exports:
38, 692 +114. 3 +48.6
39, 681
30, 796
20, 252
348, 598
Unmanufactured
thous. of lbs._
26, 833
57, 509
28, 728
361, 647
781, 118 1, 032, 268 1, 078, 362
860, 791
Cigarettes
_ _ thousands
961, 827
365, 448 371, 168 +11.7 +159. 1 5, 507, 573 8, 525, 491
144
Sales of loose-leaf, warehouses. .thous. of lbs_.
154
70, 579
227
133, 718
523, 244
66, 810 136, 824 +89.5 -2.3
410, 439
6.492
11.
580
15. 594
Price, leaf, Kentucky _ dolls, per 100 Ibs
11. 643
9.069
7.871
15. 730
-32.0 -49.5
Stocks, end of quarter:
Chewing, smoking, snuff, and
1 1,7 280, 764
export
thous of Ibs
7 1, 376, 271
7 1, 275, 639
-0.4
-7.3
346, 500
7 335, 198 -10.9
Cigar tobacco
thous. of lbs_.
7 308,707
-7.9
"
"""i
7
Total, including imported thous. of Ibs
7 1, 731, 635 _
7 1, 806, 747
1, 682, 000
-2.9 -6.9
i
TRANSPORTATION

-3.0
-8.5
-2.8
-3.6
+54.8
-21.6

River and Canal Cargo Traffic
Panama Canal:
Total cargo traffic
thous. of long tons
2,140
2,425
2,498
2,292
2,398
2,313
2,430
In American vessels thous. of long tons..
1,162
1,097
1,212
1,103
1,257
1,390
In British vessels
thous. of long tons..
726
537
707
594
535
514
Sault Ste. Marie canals. ..thous. of short tons..
12, 633
19, 298
13, 680
12, 812
10, 791
13,247
11, 721
New York State canals.. . thous. of short tons..
400
517
411
409
414
357
390
Cape Cod Canal
short tons__ 110, 136 120, 261 135, 702 148, 691 130, 566
67, 899
58, 685
Welland Canal
. ..
short tons
997, 484 1, 031, 051 1, 006, 713 1, 115, 601
996, 833 1,011,771 1, 090, 647
St. Lawrence Canal
short tons.. 1, 038, 485 1, 143, 735 1, 225, 338 1, 359, 561 1, 150, 058 1, 128, 517 1, 178, 199
Mississippi River Govt. barges
short tons.. 117, 929
112, 000
90, 658
112, 248
89, 396
122, 300
Ohio River, Pittsburgh, Pa., to
Wheeling, W Va
shot tons
954, 357
931, 641
988, 412
947, 227 1, 034, 775
963, 766 1, 007, 373
Allegheny River
.short tons
344, 578
225, 960
346, 670
306, 010
288, 629
333, 279 421, 985
Monongahela River
short tons.. 2, 215, 732 2, 109, 892 2, 095, 606 2, 304, 619 2,305,681 2, 132, 449 2, 181, 251
Ohio River tonnage originating, quanity:
2,642
Pittsburgh district .
thous. short tons..
2,932
2,931
Huntington district
thous. short tons
1,397
1 423
1,699
Cincinnati district . . thous. short tons
116
218
139
Louisville districtthous. short tons..
1,272
1,424
1,178
Total
thous. short tons
5,427
6,272
5 673

-4.6

-3.5

-6. 3 +18. 7
-20. 5 +15. 1
-12.2; +92.3
-13.3
-8.6
-15.41
-2.4

23,029
6 11, 235
6 4, 922
64, 057
1,874
535, 536
5, 209, 454
5, 752, 008
813, 709

23, 636 +2.6
6 11, 585 +3.1
6 4, 876 -0.9
61, 670 -3.7
2,275 +21.4
918, 252 +71.5
5, 200, 151 -0.2
5, 974, 108 +3.9
880, 979 +8.3

-6.9 -2.5 7, 217, 740 7, 458, 861
-16.7 -31.6 1, 986, 822 2, 031, 547
-0.1 +5.7 18, 284, 454 19, 283, 211

+3.4
+2.3
+5.5

+11.0
+1.9
+19.8
-7.3
+4.5

0.0
-16.2
-36.2
-17.3
-9.6

7,588
4,285
523
3,888
16,284

7,419
-2.2
3,861 -9.9
362 -30.8
3,042 -21.8
14, 685 -9.8

-12.1
-8.2
-14.4

+1.8
+7.4
-1.5

56, 213
21, 537
34,676

58, 206
22, 55o
35, 654

Ocean Traffic
i

Clearances, vessels in foreign trade:
Total
thous. of net tons
American .
.thous. of net tons..
Foreign
thous. of net tons
Shipbuilding

5,996
2,837
3,159

7,371
2,847
4,524

Completed during month:
Total..
gross tons..
Steel seagoing..gross tons..
Building or under contract, end of month:
Merchant vessels
thous. of gross tons_.

18, 428
12, 604

10, 719
4,458

7,781
3,056
4,725

8,377
3,173
5,204

7,365
2,912
4,453

7,550
2,916
4,634

7,232
2,712
4,520

24, 352
21, 145

31, 510
23, 303

264
259
256
235
216
216
Freight Cars
Surplus (daily av. last week of month):
Total
_
cars . 304, 152 336, 181 271,017 201, 864 103,906
214, 985 135, 059 -48.5 -23.1
Box
cars__
114, 355
143, 264
170, 606
137, 618
53, 170
123, 901
74, 126 -53.5 -28.3
Coal _
cars . 108, 833 114, 710
47, 615
90, 513
21, 809
53, 204
34, 805 -54.2 -37.3
Shortage (daily av. last week of month):
32
8
Total
_
cars.. None.
None.
371
279
151
-24.8
i
Box
cars.. None.
None.
None.
None.
None.
None.
None.
'""i
32
8
Coal
_
cars _ None.
None.
159
371
147
— 57 6
Car loadings:
Total
cars 4, 006, 058 4, 923, 304 3, 942, 931 4, 230, 809 5, 586, 284 4, 249, 846 55,488,107 +32.0 +1.9 3 9, 172, 754 38, 217, 129
Grain and grain products
cars.. 163, 113 172, 234 207, 175 231, 181 295, 779
220, 337 5 294, 144 +27.9 +0.6 1, 756, 814 1, 840, 221
Livestock
. _ _ cars
106, 860 125, 933
98, 944 164,412
90, 919
112, 294 s 158, 749 +66.2 +3.6 1, 109, 739 1, 093, 260
Coal and coke.
.cars-. 670, 821 773, 431 606, 884 686, 417 952, 746
734, 713 « 964, 038 +38.8 -1.2
7, 397, 982 6, 659, 630
Forest products
_.cars.. 269, 769 330, 023 239, 751 266, 137 322, 538
275, 856 « 338, 165 +21.2 -4.6 2, 649, 280 2, 533, 596
Ore
_
. cars
165, 201 327, 983 250, 069 253, 085 319, 579
248, 751 s « 279, 483 +26.3 +14.3 1, 580, 577 1, 462, 962
Merchandise and 1. c. 1
cars.. 1, 046, 138 1, 260, 705 986, 115 1, 027, 132 1, 297, 461 1, 042, 985 1,310, 558 +26.3 -1.0
9, 974, 354 9, 859, 553
Miscellaneous
.cars.. 1, 584, 156 1, 932, 995 1, 562, 018 1, 667, 913 2, 233, 769 1, 614, 910 52,142,970 +33.9 +4.2 14, 703, 968 14,768,007
Railroad Operations
Operating revenue:
Freight
thous. of dolls.. 391, 116 370, 268 381, 576 421, 007
« 415, 347 426, 752
Passenger
.thous. of dolls. _
82, 722
85, 102
70, 302
81, 708
* 91, 704
86, 293
Total operating
thous. of dolls.. 510, 714 502, 474 512, 953 557, 856
« 557, 774 565, 091
Operating expenses
thous. of dolls.. 381, 836 375, 086 375, 490 383, 908
5 393, 559 386, 388
Net operating income
thous. of dolls..
88, 183
95, 226
128, 414
85, 997
3118,802 132, 770
Freight carried
mills, ton-miles..
39, 196
42, 406
39, 250
37,304
* 41, 984
42, 954
*See table on p. 47 of the October, 1928, issue for earlier data.
2
As of Oct. 1,1928.
3 Final estimate for 1927.
« Revised.
* Cumulative through Aug. 31.
' Quarter ending in month indicated.



+3.5
+4.7
+2.8

-2.4
+4.7
—1.5
-10.0
-4.4
-7.4
-1.2
+0.4

45
TREND OF BUSINESS MOVEMENTS—Continued
I

1928
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

|

Septem- \ August
ber

August

PER CENT INCREASE (+) OR 1
DECREASE (— ) !

1937

September,
1928,
from
September,
1927

September,
Septem- 1928,
from
ber
August,
1928

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1928

1937

Per ct.
increase
(+) 1
or decrease
(-)
cumulative
1928
from
1927

j
i

TRANSPORTATION— Continued
Railway Equipment

Locomotives (Am. Ry. Assn.):
Owned, end of month —
Quantity
number
60,094
59, 602
60, 284
59, 975
59, 769
61, 540
61,455
Tractive power
mills, of lbs_ _
2, 582
2,590
2,585
2, 603
2,595
2,591
2,605
In bad order, end of month—
8,502
Quantity._
_ .number..
8,421
8,006
8,310
7,954
7, 815
8,345
Per cent of total in use
per cent
14.1
13.4
13.2
13.9
14.0
13.4
13.6
Installed
.number .
95
93
104
114
139
116
177
284
Retired.
number..
260
329
228
235
320
262
New orders
number..
7
32
52
70
8
20
6
Shipments, manufacturers' ( Census)—
Total
.number. _
41
41
51
34
81
46
127
Steam, domestic
number
39
28
19
23
71
29
86
Electric, domestic
. _ _ number .
11
4
2
5
6
10
7
Unfilled orders (railroads), end of mo. —
From manufacturers
number. _
56
171
83
90
81
98
102
In railroad shops...
number..
17
15
36
30
30
19
32
Unfilled orders, manufacturers' ( Census) —
198
363
Total _ .
number..
220
201
204
178
271
Steam, domestic
number
244
98
118
138
109
135
167
Electric, domestic
number
59
68
37
27
39
26
49
Exports, steam
number..
32
11
20
33
5
15
8
Freight cars (Am. Py. Assn.):
Owned, end of monthQuantity
cars
2, 300, 241 2, 300, 669 2, 300, 034 52,299,157 2, 296, 460 2, 328, 328 2, 326, 616
211, 935 211, 970
Capacity
mills, of Ibs
210, 437 5 210, 483 210, 357
210, 240 210, 386
In bad order, end of month148, 333
Quantity
cars
149, 252
141, 038
151, 867
137, 571
145, 210
151, 359
6.2
6.7
Per cent of total in use
per cent
6.6
6.6
6.5
6.0
6.7
New orders.
.
cars..
1,066
307
767
1,236
2,354
40
2,286
Shipments—
Total .
._ cars _
4,963
5,317
5,295
3,220
5,147
4,397
5,908
3,000
5,270
Domestic
cars..
4,908
4,393
5,854
5,115
5,261
Unfilled orders (railroads) —
Total .
.. cars _
13, 531
6,619
18, 096
8,177
14, 437
12, 446
17, 847
13,545
From manufacturers
cars
5,673
3,878
10, 371
10, 799
14, 168
9,316
2,741
4,541
In railroad shops..
cars..
3,160
2,504
3,638
3,679
3,130
Passenger cars:
2
New orders
cars
19
36
589
19
153
57
Shipments152
Total _ _
._
cars.123
147
146
201
23
95
144
143
123
146
Domestic
cars..
201
95
18

-0.3
-0.1

—3 0
-0.9

-1.7
—1.5
-18.4
-18.7
-99.6

6.4
-2.9
-47.5
-0.8
+33.3

1,476
2,483
482

1,088 -26.3
2,269 -8.6
249 -48.3

+20.6
+21.7
-50.0

-67.7
-67.4
-71.4

838
573
116

435 -48.1
285 -50.3
87 -25.0

+21.0
-21.1

-3.9
-53.1

-12.3
-12.6
+3.8
+64. 9

-35.1
-29.3
-44.9
-58.8

179

166

-0.1
-0.1

-1.7
-0.8

-0.6
0.0
+61.1

+7.8
+10.0

-39.2
-43.0

-26.8
-31.7

-19.1 -54.2
-64.1
-31.6
+9 5 — 24 7
1

-7.3

44, 505

24, 636 -44.6

43, 646
43,133

33, 356 -23.6
32, 761 -24.0

1,015

1,704 +67.9

-0.7
-0.7

-27.4
-28.9

961
921

817 -15.0
747 -18.9

55.4
-54.5

+11.7
+54.3

1, 864, 591
352, 403

1, 910, 400
367, 660

Passenger Travel
National parks:
Visitors
.number
Automobiles entered
number
Arrivals from abroad:
Immigrants
number
United States citizens
number
Departures abroad:
Emigrants
_. .
.number
United States citizens
number
Passports issued
. number
Pullman company operations:
Revenue
... thous. of dolls..
Passengers carried
thousands
Hotel room occupancy
per ct of capacity

492,016
98,449

199, 336
29,089

24,629
63, 191

28,418
57, 701

31,000
75, 557

6 211, 058
6 243, 427

e 187, 901 -11.0
6 270, 426 +11.1

7,804
68, 463
15, 776

6,488
50, 323
9,866

8,056

6,322
43, 039
10, 269

7,625
39, 748
8,474

e 41, 139
6 294, 024
157, 384

6 47, 214 +14.8
« 327, 671 +11.4
163, 319 +3.8

7,279
3,073
60

7,593
3,312
63

68

7,528
3,428
66

7,625
3,288
68

125, 102
23,341

271, 621
60 324

553, 394
111, 642

499, 633
98, 523

26, 158
28,407

20, 419
27,201

20, 682
32, 974

6,240
34,993
37,648

7,205
53, 028
29,674

6,313
2,614
69

7,432
3,095
64

68.6

67.2

222, 698
44, 873

-18. 3i

+7. 9:

-4.9

+2.5
+4.3

6 54, 508
6 23, 622

« 54, 619
6 22, 881

+0.2
-3.1

0. 0

Warehouses
Public merchandise warehouses,
space occupied
per ct. of total

5

67. 1

67.9

67, 676
15,019

68,784
15, 985

65, 758
14, 972

66,529
16, 322

e 518, 665
« 127, 094

6 540, 570
« 132, 545

+4.2
+4.3

10, 618
13, 375
1,428

11, 530
14, 328
1,887

11, 241
13, 894
2,000

11, 172
13, 822
2,085

e 84, 095
6 104, 358
6 14, 136

6 85, 864
6 107, 347
6 13, 658

+2.1
+2.9
-3.4

173, 000
61,000

174,000
60,000

162, 647
53, 551

169 414
61, 897

6 1, 388, 863
6 498, 869

728, 849
5 8. 081

736, 223
8,121

745, 769
7.952

728, 371
7.952

PUBLIC UTILITIES
Telephone companies:
Operating revenue
thous. of dolls
69, 277
68, 783
Operating income
thous. of dolls..
17, 448
16, 941
Telegraph companies:
Commercial telegraph tolls thous. of dolls
11, 333
11, 169
Operating revenue
thous. of dolls. _
14, 162
14,036
Operating income _.
. thous. of dolls
2,258
1,906
Gas and electric companies:
fi
Gross earnings*
thous. of dolls
180, 255 s 178, 835
Net earnings
. _ -thous. of dolls
5 67, 733 « 67, 633
Electric railways (212 companies):
Passengers carried
thous of persons. - 797, 279 760, 509
Average fare
cents
8.057
8.081
Electric power production:
Total
mills, of kw. hours. .
7,130
5 7, 010
By water power
mills, of kw. hours
3,187
5 3, 104
By fuels
mills, of kw. hours
3,943
3,906
In street railways,
408
372
manfg. plants, etc. .mills, of kw. hours..
In central stations
mills, of kw. hours..
6,722
5 6, 638
Electric power production (Canada):
5 1, 241
Total-..
mills, of kw. hours..
« 1, 278
5 1, 226
By water power
mills, of kw. hours. 6 1, 262
135
127
Exported
mills of kw hours
Electric power, gross revenue, thous. of dolls..
150.300 149. 500
s Revised.




I

717,810
8,121

-2.5!
0. 0

-1.4
+2. 1

7, 001, 229

6

1, 458, 818 +5.0
6 551, 458 +10.5
6, 917, 365

6
5

7, 140
3, 075
«4,065

7,485
3,042
4,443

6,693
2,411
4,282

6,605
2,201
4,404

6
6

52, 581
20, 044
6 32, 537

6
6

382
5 6, 759

382
7,103

460
6,233

439
6,166

6 3, 632
e 48, 949

6 3, 516
8 53, 484

s 1, 246
5 1, 231
130
146. 400

1,305
1,289
145
147. 400
5

s 1, 232
s5 1, 200
5 1, 217
1, 184
157
154
1 135. 600 144. 400
Cumulative through Aug. 31

e 9, 021
68,900
6 1, 076
6 1. 148. 800

-1.2

6 56, 998 +8.4
23, 541 +17.4
33, 461 +2.8

-3.2
+9.3

« 10, 284 +14.0
6 10, 150 +14.0
U,042 -3.2
6
9. 742. 800 +748. 1

46

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cutnulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

1

September

August

May

June

July

75.4
82.0
9.o!
8.0!
7.5
87.8!
121.5
83.2
91.8'
119.0
76, 556
259, 073
36, 777
453, 683
26, 553
104.2

73.6
82.2
9.0
8.0
7.4
86.5
124.1
85.1
92.9
120.6
76, 580
262, 651
36,922
454, 952
27, 888
104.7

72.9
81.5
9.0
7.9
7.5
85.6
123.3
83.4
96.8
125.7
76, 679
273, 796
37, 314
451, 125
29, 405
103.7

74.2
82.5
9.1
8.1
7.4
88.1
124.0
85.6
97.9
134.7
78, 420
293, 457
37, 385
456, 303
31, 137
106.3

13, 241
702
99.9
87.8
98
83
79
112.4
116

13, 413
743
104.8
89.0
98
83
78
116.3
116

13, 149
793
98.7
87.2
96
76
74
119.9
131

13,411
877
108.7
89.0
99
83
76
119 5
139

13, 862
865
106.5
92.0:
102!
83 1
77 j

87.0
96.3

89.0
96.8

88.0
97.5

91.0
97.6

90.0

115.9
122.1

113.8
92.8

105.1
62.0

« 5107. 9
86. 7

110.8
92.5

61, 422

61,388

61, 650

28.82
29.19
24. 07
26.44
232.9
233.9
110
103
104
106.5
108.8

29.28
29.48
27.03
26.24
234.1
236.2
110
102
103
108.2
112.8

27.45
29.15
24.45
26.97
234.6
233.6
108
96
98
101.4
102.0

27.23
30.07
31.44
24.98
16.87

27.30
30.35
31 74
25.17
17.01

27.09
29.95
31.35
24.69
17.07

49.4
47.8

49.7
47.7

49
42
28
27
29
38
37
49
51
40
50
125.5

August

Sep;ember,
1928,
Septemfrom
ber
August,
1928

September,
1928,
from
September,
1927

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

PER CENT INCREASE (+) OR
DECREASE (— )

1937

1937

1938

EMPLOYMENT AND WAGES
Employment in factories:
Massachusetts
rel. to 1919-23
New York State
rel. to 1923
New Jersey
rel. to 1923. _
Pennsylvania
rel. to 1923
Delaware
rel. to 1923
Maryland
rel to 1924
Iowa
rel. to 1923 .
Illinois
rel. to 1923..
Wisconsin
rel. to 1923
Detroit
rel to 1923
Cleveland
number
Detroit, .
- _ ...number..
M ilwaukee
number . _
New York State
number __
Oklahoma
number
Ohio*
rel. to 1923
Total pay roll:
New York State ( weekly). .thous. of dolls..
Oklahoma (weekly)
thous. of dolls _ _
Wisconsin
rel. to 1923
New York State
rel. to 1923
New Jersey
rel to 1923
Pennsylvania
rel. to 1923
Delaware
rel to 1923
Employment, Canada
rel. to Jan. 1920..
Ohio construction *
rel. to 1923
Employment, trade-unions:
United States
per cent of total
Canada
per cent of total..
Anthracite mines:
Employment
rel. to 1923-25..
Pay roll
rel to 1923-25
Federal civilian employees, Washington, D. C., end of month
number __
Average weekly earnings, factories:
Illinois
. dolls
New York State
dolls..
Wisconsin
dolls
Oklahoma
___dolls_.
Massachusetts
rel. to 1914
New York
rel. to 1914..
New Jersey
rel. to 1923
Pennsylvania
rel. to 1923
Delaware
rel to 1923
Illinois
rel. to 1923
Wisconsin
rel. to 1923 __
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars
Total male
dollars
Skilled male
dollars
Unskilled male
dollars
Total women.
_ _ dollars _ _
Average weekly hours:
Nominal (both sexes)
hours
Actual (both sexes)
hours
Wages, road labor, by districts:
New England
cents per hour
Middle Atlantic.
_. cents per hour..
South Atlantic
cents per hour
East South Central
cents per hour
West South Central _ cents per hour
East North Central
cents per hour
West North Central
cents per hour _
Mountain
cents per hour
Pacific
cents per hour
United States, average
cents per hour..
Wage rates, U. S. Steel Corp-.-cents per hour..
Wages, steel sheet workers
per cent of base__
Applicants per 100 jobs, employment agencies:
United States
number
Eastern States
number
Central States
number
Southern States
number
Western States
. number..
Canada
number

75.6
84.3
9.4
8.1
7.7
89.0
86.8
97.1
135.4
78, 910
294, 829
466, 357
30, 812
108.3

135

85.9
85.7
9.3
8.4
7.1
92.4
118.7
85.5
98.7
94.4
74,500
205, 525
35, 361
474, 424
30, 718
102.6

87.1
87.5
9.5
8.4
7.4
94.0
118.8
85.3
95.9
90.3
72, 247
196, 580
35, 544
484, 115
29, 948
101.9

+1.9
+2.2
+3.3
0.0
+4.1
+1.0

-13.2
-3.7
-1.1
-3.6
+4.1
-5.3

+1.4
-0.8
+0.5
+0.6
+0.5

+1.8
+1.3
+49.9
+9.2
+50. 0

+2.2
-1.0
+1.9

-3.7
+2.9
+6.3

13, 898
819
106.9
92.2
101
85
75
109.7
140

14, 317
970
101.7
95.0
102
83|
76
109.0
136

+3.4
-1.4
-2.0
+3.4
+3.0
0.0
+1 3

-3.2
-10.8
+4.7
-3.2
0.0
0.0
+1 3

-2.9

-0.7

96.3

96.9

117.1
90.5

118.7
112.0

62, 111

60,413

60, 267

29.13
29.39
26.60
28.15
234.4
235.5
109
102
102
107.6
111.0

28.61
29.29
25.94
26. 66
236.4
234.7
109
101
102
105.7
108.2

27.65
29.57
25.40
32.73
237.1
236.9
109
98
101
102.1
105.9

27.35
30.30
31.77
24.78
17.04

27.16
29.76
31.33
24.08
17.26

27.32
29.70
31.18
24.29
17.32

49.6
47.5

49.6
47.9

49.5
47.8

49.5
47.8

48
42
26
26
30
37
36
45
53
40
50
125.5

47
43
27
25
27
38
36
44
53
40
50
125.5

48

50
125. 5

49
47
27
26
28
38
37
46
54
39
50
125.5

49
46
26
25
33
40
38
46
54
40
50
125.5

128
138
135
204
66
114

121
147
161
221
66
118

137
151
150
174 |
80 1
113

129
223
132
121
69
106

129
137
156
122
70
109

121
131
136
114
79
98

42.1
28.7
8.4
5.0
47.2

39.5
27.1
7.5
4.9
41.3

38. G
27.2
5.S
4.S
46. £

542.3
31.9
55.
55.
5
55.

36.4
23. C
8.E
4.c
39. C

46.2
33.6
6.4
6.0
43.6

1
29
39
38
50
5'

29.72
26.30
28.08
230.9
238.1
110
101
101
109.7

48
42
24
25
26
38
39
52
54
43
50
125.5

i

-1.1
+2.7
+6 7

-6.7
17 4

+1.1
-1.1
-0.2
-1.5
+1.1
+0.9
-1.0
-1.0

+0.5
+3.5
-14.2
-2.6
+0.5
+0.9
+3.1
-1.0

-1.2

+3.6

0.0
+2.4
-29.4
0.0
-10.3
-2.6
+2.6
+4.0
+1.9
+2.4
0.0
0.0

-2.0
-8.7
-7.7
0.0
-21.2
-5.0 1
+2.6 i
+13.0
-1.9 i
+7.5
0.0
0.0 i
i

j

jj

Factory Labor Turnover
(Percentage of number on pay roll)
Departures:
Total
per cent
Voluntary quits.. .per cent
Lay offs
per cent
Discharges
per cent
Accessions
per cent
Industrial disputes:
Disputes. _
.
Workers involved
Man-days lost in month




(annual
(annual
(annual
(annual
(annual

basis)
basis).
basis)
basis)
basis) .

. . number
.number.
number.
s Revised.

49.2
40.3
3.9
5.0
55.7

+16. S
+26.2
-23. 1
-5.7
O.C

+6.5
+19.9
-39.1j
-16.7
+27.8

74
564
6
558
564
52
134, 05
198, 444 5 196, 829
136, 094 5 134, 40 5 135, 681
4, 999, 751 54, 945, 702
3, 526, 608 53, 580, 71 53, 403, 778\ 3,675,50
*See table on p. 48 of the October, 1928, issue for earlier data.

"I"

47

TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1937

July

August

September

August

September,
Septem- 1928,
from
ber
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

?er ct.
increase
or decrease

1927

cumulative
1928
from
1927

1938

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 2 houses
. thous. of dolls. _
Sears, Roebuck & Co
thous. of dolls. _
Montgomery Ward & Co. -thous. of dolls. .
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls..
Total stores operated (4 chains) . .number..
F. W. Woolworth & Co thous. of dolls. .
Stores operated
number
S. S. Kresge Co
thous. of dolls
Stores operated
number
McCrory Stores Corp
thous. of dolls..
Stores operated
number
S. H. Kress & Co
thous. of dolls
Stores operated
number
Metropolitan
thous. of dolls
Stores operated
number
F. & W. Grand .
..thous. of dolls..
Stores operated
number
W. T. Grant Co
thous. of dolls..
Stores operated
number
Hestaurant chains:
Childs Co., sales
thous. of dolls..
Stores operated
number
J. R. Thompson Co., sales -thous. of dolls..
Stores operated
number
Waldorf System, Inc _ _ thous. of dolls. _
Stores operated
number
'Other chain stores:
Isaac Silver & Bros
thous. of dolls
Stores operated
number
Hartman Corporation
thous. of dolls..
Stores operated
number
J. C. Penny Co.
thous. of dolls..
Stores operated
number
United Cigar Stores Co
thous. of dolls..
Stores operated
number
A. Schulte (Inc.)
..thous. of dolls..
G. C. Murphy Co
thous. of dolls..
Stores operated
number
Installment sales in New England dept. stores;
ratio to total sales
per cent

40, 074
24, 203
15, 871

44, 848
25, 669
19, 179

40, 253
26, 276
13, 977

45, 994
28, 986
17, 008

50, 814
30, 004!

37, 795
23, 970
13, 825

40, 987
24, 609
16, 378

42, 234
2,488
22, 997
1,634
11, 340
449
2,974
221
4,923
184
972
93
1,153
66
4,096
175

42, 097

38, 764

41, 050

20, 592
1,658
10, 583
460

1,675

42, 906
2, 586
22, 637 i
1,698

39, 514

22, 400
1,652
11, 834
450

223

224

468
3,116
224

474
3, 344 i
224

1,552
10, 513
409

s 38, 744
2,371
s 20, 744
1,568
10, 422
413

214

215

185
985
97
1,236
74

1,116
100
1,443
76

2,132
116
1, 256
120
1,241
131

2,040

469
23
1,526
20
14, 830
953

2.509

3,097

4,766

184
1,027
94
1,259
70

2,526

2,950

4,639

184
908
96
1, 205
73
3,731
191

2,552
21,812
11,272
4,850

20,810

11,914

'190;

2,349
21,400
3,037

4,564

3,022
4,556

174
965
90
947
54
3,114
126

5 3, 282
130

2,437

175

5977

90
1,005

+10.5 +24.0
+3.5 +21.9
+22.4 +27.1

333, 712
199, 266
134, 446

379, 727 +13. 8
231, 365 +16.1
148, 362 +10.4

+4.5
+1.3
+3.8
+1.4
+5.7
+1.3
+7.3
0.0
+3.3
+2.7
+13.3
+3.1
+16.7
+2.7
+17.8
+4.2

+10.7
+9.1
+9.1
+8.3
+14.3
+14.8
+10.7
+4.2
+10.0
+8.6
+14.2
+11.1

328, 167

354, 527

+8.0

179, 090

190, 329

+6.3

-1.2
-2.6
-0.4
0.0
+3.8
0.0

-10.1
-5.8
+2.1
+5.2
-2.5
+0.8
+19.1
+31.8
+14.2
+5.6

0.0

+43.6
+38.2
+43.4

86, 628;

96, 560 +11.5

25, 9111

26, 900

36, 538J

41, 738 +14.2
8,282 +7.4

7,713

+3.8

8, 252

10, 297 +24.8

26, 479

33, 727 +27.4

21, 659

19, 581

-9.6

10, 678

10, 854

+1.6

11, 100

10, 742

-3.2

3,996

4,708

191

199

2,217
116
1,190
121
1,170
132

2,190
113!
1, 185;
121!
1, 215:
132|

2,462

117
1,209
121
1,180
131

2,012
109
1,163
121
1,105
132

516
25
1,170
20
14, 129
953

462
26
991
20
11, 734
953

460
26
1,416
19
12, 886
981

512i
29 1
2, 192J
19
16, 477

394
21
1,706
17
11, 000
854

430
522
1,919
18
5 13, 727

3,143

298
881
116

1,846
300
796
116

3, 271
1,912
300
873
116

6, 622
3, 2881
1, 962
299
1, 046
119

297
736
107

3,139
2,164
297
771
108

+11.3
+11.5
+54.8
0.0
+27.9
+2.5
-0.1
+0.5
+2.6
33
+19.8
+2.6

5.0

4.6

5.7

12.1

7.5

11.2

7.5

-38.0

2, 812
105, 928
199, 409

2,571
98, 272
210, 957

2,139
81, 244
214, 558

1,755
83, 354
419, 047

1,734

2,128

99, 897
423, 991

102, 051

146, 486

31, 589

29, 990

26, 508

27, 951
3,115

29, 261

28, 478
3,197

30, 152
3,291

+4.7
-1.3

-3.0
-6.6 I

269, 967
29, 138

271, 463
29, 453

+0.6
+1.1

11,014

11, 145
85, 280

9,627
76, 227

10, 183
81, 180

9,750

86, 110

79, 966

10, 120
82, 538

10, 167
84, 383

-4.3
-1.5

-4.1 1
—5.2

96, 305
761, 197

96, 129
742, 688

-0.2
-2.4

3,461
35, 277

3,382

3,180
32, 812

3,165
32, 886

3,162
33, 234

31, 667

-9.0
-1.5

-3.8 !
+2.2 1

29, 005
301, 260

30,005

32, 378

2,994

34, 263

305, 516

+3.4
+1.4

6,959

3,182

2,036

291
896
115

4,366

181

6,740
3,206
2,075

6,334
3,226

6,627

i, ooel

119
1,183
114
1,217
131

6,447

2,225

120
1,161
115
1,246
131

5884
6,473

+53.1

+20.0

+13. 8
+2.3 1
+4.7
-9.3 |
+0.7

+35.7 i
+10.2

3,524
13, 366
95, 935

4,111 +16.7
12, 717

-4.9

112,811 +17.6

57, 348

57, 590

+0.4

21, 500

17, 627

-18.0

6, 430

7,481 +16.3

20, 038
888, 875
604, 799

20, 986 +4.7
865, 973 -2.6
2, 110, 571 +249. 0

Advertising
Magazine advertising*
. thous. of lines
.Newspaper advertising
thous. of lines
Air mail, weight dispatchedpounds..

2,279

81,316 5 100, 039

+29.9 +7.1 i
+19.8 -0.1
+1.2 +189. 4

Postal Business
Postal receipts:
50 selected cities
..thous. of dolls..
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

3,276

3,094

2,956

3,074

2,880

BANKING AND FINANCE
Life Insurance
( Association of Life Insurance Presidents}
Policies, new (45 companies) :
219, 388
211, 482
-9.4 +17.9 1, 969, 643 2, 173, 385 +10.3
242, 065
186, 090
276, 180
247, 376
Ordinary
number of policies
298, 845
770, 416
781, 361
+4.1 +3.3 7, 167, 875 7, 723, 607 +7.8
839, 453
740, 371
745, 664
753, 773
840, 312
Industrial
number of policies
-3.3
1,522
120
1,472
159
138
172
170
-24.5
115
-4.3
190
Group
number of contracts. _
992, 981
931, 869
+0.7 +6.2 9, 139, 040 9, 898, 364 +8.3
Total
number of policies and contracts.. 1, 115, 805 1, 139, 347 1, 001, 319 982, 595 989, 924
Policies and certificates issued:
+3.5 +10.3 10, 062, 662 10, 266, 780 +2.0
Total policies and certificates
number.. 1, 164, 472 1, 191, 052 1, 040, 054 1, 007, 041 1, 042, 747 1, 023, 331 945, 250
325, 144
52, 943
369, 888 +13.8
48, 839
24, 605
30, 488
13, 496 +115.2 +292. 3
38, 905
Group insurance certificates certificates..
51, 895
Amount of new insurance (45 companies) :
545,
417
5,
880,
806
-12.1
6,
061,773 +3.1
749,
297
620,
220
*
625,510
526,
564
655, 131
767, 865
+3.6
Ordinary
thous. of dolls..
198, 949
193, 365
211, 157
+2.9 -0.8 1, 937, 545 ! 2,009,998 +3.7
216, 396
214, 882
200, 622
194, 642
Industrial
thous. of dolls
533,
762
277, 943
986, 310 +84.8
56, 926
31, 475 +388. 3 +783. 1
74, 196
43, 977
Group .
thous. of dolls. _ 205, 195 113,711
880, 644
758, 661 +17.4 +34.8 8, 352, 113 9, 058, 081 +8.5
Total insurance
thous. of dolls.. 1, 170, 888 1, 096, 458 923, 969 870, 511 1, 022, 309
Premium collections (45 companies) :
135, 743
-5.3 +3.0 1, 286, 580 1, 382, 661 +7.5
165, 718
152, 862
143, 386
137, 510
131, 763
154, 916
Ordinary
thous. of dolls
414, 793
49, 343
-1.8
460, 797 +11.1
52, 184
50, 228
53, 072
45, 741
+7.9
51, 509
49, 220
Industrial
thous. of dolls
47, 943
5,738
67, 877 +41.6
5,705
+0.6 +32.9
5,930
5,574
7,296
5,327
4,317
Group
. __thous. of dolls. _
190, 824
-4.3 +5.0 1, 749, 316 1, 911, 335 +9.3
223, 832
211, 999
199, 319
192, 057
181, 821
213, 230
Total
thous. of dolls
Admitted life insurance assets (41 companies) :
12, 510
+0.8 +11.0
12, 107
12, 406
12, 312
11, 172
11, 268
12, 197
Grand total
mills of dolls
Mortgage loans§,382
5,429
5,241
5,292
5,338
4,941
+0.9 +9.9
4,898
Total
mills of dolls
1,601
1,602
1,600
1,604
1,622
+0.1 -1.0
1,601
1,620
Farm
mills of dolls
3.692
+1.2 +15.2
3.737
3.780
3.321
3,825
All other
__ _. _ mills, of dolls __
3.640
3.276
*Magazine advertising for October, 1928, 2,871.
s Revised.




48
TREND OF BUSINESS MOVEMENTS—Continued
1928

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

September

August

September,
Septem- 1928,
ber
from
August,
1928

Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

September,
1928,
from
September,
1927

1937

1938

BANKING AND FINANCE-Continued
Life Insurance— Continued
(Association of Life Insurance Presidents)— Con.
Bonds and stocks (book value):
Total
mills, of dolls
Government
mills of dolls
Railroad
mills, of dolls
Public utility
mills of dolls
All other
mills, of dolls
Policy loans and
premium notes
mills, of dolls

4,605
928
2,372
1,097
208

4,621
905
2,390
1,112
214

4,665
916
2,397
1,128
224

4,704
927
2,411
1,138
228

4,718
930
2,406
1,151
231

4,192
923
2,242
876
151

4,216
919
2,259
887
151

+0.3 +11. 9'
+0.3 +1.2
-0.2 +6.5
+1.1 +29.8
+1.3 +53.0

1,442

1,459

1,472

1,486

1,497

1,327

1,338

+0.7

834, 557
343, 822
180, 589
128, 946
99, 513
81, 687
49, 870

805, 695
333, 895
176, 121
121, 089
96, 796
77, 794
51, 844

700, 939
273, 188
163, 694
107, 659
85, 056
71, 342
49, 492

702, 275
273, 055
163, 568
104, 287
86, 288
75, 077
43, 503

578, 193
218, 788
136, 379
90, 916
71, 371
60, 739
38, 872

681, 654
261, 413
154, 708
103, 638
86, 549
75, 346
38, 360

606, 760
237, 184
138, 441
93, 224
76, 998
60, 913
35, 302

-17.7 -4.7
-19.9 -7.8
-16.6
-1.5
-12.8 -2.5
-17.3
-7.3
-19.1 -0.3
-10.6 +10.1

45, 270
26, 346
2,279

45, 455
27, 029
1,746

35, 085
23, 897
1,896

35, 102
23, 401
1,813

39, 610
23, 566
1,681

31, 653
22, 048
1,474

33, 369
5 22, 533
1,583

+.12. 8
+0.7
-7.3

+18.7
+4.6
+6.2

944
1,593
525
2,757
2,408
68.9

1,191
1,660
430
2,693
2,459
65.4

1,086
1,613
378
2,756
2,402
68.6

1,039
1,651
394
2,765
2,325
69.5

1,026
1,704
545
2,751
2,414
66.8

401
1,676
658
3,146
2,341
78.3

430
1,706
737
3,126
2,390
76.3

13
+3.2
+38.3
-0.5
+3.8
-3.9

+138. 6
-0.1
-26.1
-12.0
+1.0
-12.5

15, 893
6,683
13, 628

16, 089
6,647
13, 574

15, 861
6,589
13, 186

15,729
6,405
12, 871

15, 952
6,401
13, 226

14, 697
5, 927
13, 349

14, 942
6,042
13, 230

+1.4
-0.1
+2.8

5,274
9.46

4,898
9.25

4,837
9.00

5,051
8.80

5, 514
9.29

3,674
8.06

3,915
8.22

+9.2
+5.6

4,469

4,307

4,259

4,235

4,570

3,184

3,306

+7.9

+38.2

5.25
5.70
4.50
4.00
4.50
5.47
4.60

»5.69
6.21
4.88
4.07
4.50
5.47
4.60

6.00
6.05
5.13
4.25
5.00
5.04
4.75

6.25
6.87
5.38
4.63
5.00
5.04
4.92

7.00
7.26
5.63
4.50
5.00
5.04
5.23

4.13
3.68
4.00
3.13
3.50
5.17
4.50

4.13
3.80
4.00
3.13
3.50
5.17
4.50

+12.0
+5.7
+4.6
-2.8
0.0
0.0
+6.3

+69.5
+91.0
+40.8
+43.8
+42.9
-2.5
+16.2

4,253

4,301

s 4, 283

4, 299

4,352

4,035

4,090

+1.2

+6.4

17, 756
41, 438
164, 932

17, 604
44, 162
678, 927

17, 526
44, 591
154, 859

17, 648
52, 797
173, 495

17, 367
50, 410
557, 398

18, 380
52, 982
202, 182

18, 478
-1.6
54, 410
-4.5
590, 192 +221. 3

-6.0
-7.4
-5.6

444, 556
3, 064, 219

411, 520
2, 938, 160

217, 091

404, 607

278, 620

308, 594

482, 600

259, 181

287, 442

+56.4 +67.9

2, 430, 547

2, 788, 904 +14.7

4,744
40.12

4,797
40.52

4,701
39.67

« 4, 803
40.50

4,847

4,854
41.42

4,948
42.19

72, 676
98, 769
867, 211 « 891, 863
10, 331
2,445
74, 190
1,698
4,113
5 4, 123

83,247
857, 731
4,273
3,810
4,123

91, 245
863, 345
7,877
1,524
4,588

679, 661 -4.1
7,728,63
+2.0
100, 021 -48.2
535, 216
6

+11.9

(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies) :
United States total
thous. of dolls..
E astern manuf . dist
thous . of dolls . .
Western manuf. dist.. -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..
Banking
Check payments:
New York City .
mills, of dolls
Outside New York City
mills, of dolls..
Canada
mills, of dolls
Federal reserve banks:
Bills discounted
mills, of dolls
Notes in circulation
.mills, of dolls
Total investments
mills, of dolls
Total reserve
mills, of dolls
Total deposits
mills, of dolls
Reserve ratio
per cent..
Federal reserve member banks:
Total loans and discounts.. .mills, of dolls. _
Total investments
mills, of dolls
Net demand deposits..
mills, of dolls _
Brokers' loans, end of month:
To N. Y. Stock Ex. membersTotal
mills, of dolls. _
Ratio to market value
per cent
By New York F. R. member
banks
mills, of dolls
Interest rates:
Time loans 90 days
per cent
Call loans, renewal ..
per cent..
Prime com. paper (4-6 mos.)
per cent_.
Prime bankers' acceptances
per cent
N. Y. Fed. Res. Bank (redisc.) . .per cent..
Federal land banks
per cent
Intermediate credit banks
per cent..
Deposits, New York State savings
banks end of month
mills, of dolls

5

6, 375, 538
2, 609, 477
1, 411, 201
945, 383
769, 829
639, 648
360, 500

285, 246
206, 043
13, 385

6, 563, 545 +2.9
2, 681, 712 +2.8
1, 461, 681 +3.6
994, 973 +5.2
779, 978 +i.a
645, 196 +0.9
412, 981 +14.6

+25.4

357, 710
222, 073
16, 492

+7.8
+23. 2

+6.8
+5.9
0.0 . _ _

+40.8
+13.0

i
II

Public Finance
Government debt, gross, end mo.mills. of dolls..
Customs receipts
thous. of dolls..
Total ordinary receipts
thous. of dolls
Expenditures chargeable to
ordinary receipts
.
thous. of dolls _
Money in circulation, end mo.:
Total
mills, of dolls..
Per capita
- dolls

Gold and Silver
Gold:
Domestic receipts at mint fine ounces..
75,983
Rand output
fine
ounces.. 886, 186
Imports
thous. of dolls..
1,968
Exports
-. ..thous. of dolls..
83, 689
Monetary stock
mills, of dolls
4,160
Silver:
ProductionUnited States
thous. of fine oz
4,574
Canada
.. thous. offineoz__
1,222
Stocks, end of month—
United States
thous. offineoz__
133
Canada
.thous. offineoz__
456
Imports
thous. of dolls. _
4,247
6,712
Exports
thous. of dolls __
.603
Price at New York
dolls, perfineo z _ _
Business Failures
Liabilities (United States):
Total commercial
thous. of dolls
36, 117
Manufacturers
thous. of dolls .
14, 230
Trade establishments. -thous. of dolls ._
18,900
Agents and brokers
thous. of dolls ..
2,987
Banks (quarterly)
thous. of dolls
3.707
Liabilities C Canada)
thous. of dolls..
5 Revised.




70, 205
862, 363
20,001
99, 932
4,109

+0.9

20

103, 240 -15.7
842, 118
-3.8
12, 979 +74.8
24, 444 +124. 4
0.0
4,571

-19.4
+1.9
-67.1
-84.4
-9.8

708, 409
7, 575, 603
192, 966
57,642

-13.8
-5.4

-7.4.
-4.1

4,945
1,401

3,915
2,389

5 4, 776
2,252

4,116
2,130

5,145
2,388

4,691
2, 023

-12.3
+5.3

44, 407
15, 603

41, 797
14, 956

479
707
6,221
7,456
.600

262
430
6,544
6,160
.592

263
720
6,496
9,246
.589

872
1,457
4,916
6,229
.575

508
624
4,856
5,590
.547

293 +231. 6 +197. 6
761 +102. 4 +91.5
4,992 -24.3
-1.5
6,627 -32.6
-6.0
.554
-2.4 +3.8

41, 132
56, 859

49,409 +20.1
63, 966 +12.5

27, 978
12, 723
13, 781
3,324
"28,953
1.681

29, 587
12, 932
12, 899
3,755

58, 202
16, 877
19,096
22, 229

396, 660
152, 562
179, 855
64, 243
112, 904
17. 486

368, 345 -7.1
132, 759 -13.0
171, 876 -4.4
65, 558 +2.0
86, 565 -23.3
27. 601 4-57. R

1.406

-41.7 +3.6
-12.7 -4.1
-29.0 +12.6
-74.5
+5.1
-28.1 -0.2
1.692
2.589
-0.7 +90.7
7
Quarter ending in month indicated.
33, 957
14, 727
13, 567
5,662
7 20, 810
2.572

39, 196
14, 921
14, 702
9,573

32, 786
15, 349
12, 052
5,385
720,857
« 1. 349

-5.&
-4.1

49

TREND OF BUSINESS MOVEMENTS—Continued
1938

The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PEK CENT INCREASE (+) OB
DECREASE (— )

1937

August

September

August

September,
Septem- 1928,
from
ber
August,
1928

September,
1928,
from
September,
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

|Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

Business Failures— Continued
Firms (United States) :
Total commercial
M anuf actur ers .
Trade establishments
Agents and brokers
Banks (quarterly)
Firms (Canada) ,_
By groups:*
ManufacturersMetals
Textiles.
Lumber
Chemicals
Printing and engraving
Foodstuffs
Leather, etc
Liquors and tobacco
Stone, clay, and glass
All other.
_
TradersGeneral stores.
Foods and tobacco
C lothing
Household furniture. _.
Chemicals and paints
Books and paper
All other.
. _

number
number
number. _
number. _
number
number.

2,008
470
1,407
131

18, 041 +4.1
4,379 +6.3
12, 576 +3.0
1,077 +6.8
256 -17.4
1,328 -11.3

-11.7 +3.9
-7.9 +16.7
-13.5 -0.9
-3.6 +6.9
-40.2
0.0
-11.1 -17.2

17, 333
4,119
12, 206
1,008
310
1,497

23
36
64
4
19
29
16
13
10
224

2 s +75.0
20
47 +25^4 +57.4
52 +21.7 +40.4
2 +100.0 -300. 0
20 -72.7 -70.0
27 -52.9 -11.1
9 +87.5 +66.7
17 -33.3 -76.5
3 -70.0
0.0
192 -10.5 +10.4

259
485
608
49
201
330
102
80
61
1,944

334
560
664
66
134
374
117
51
74
2,005

+29.0
+15.5
+9.2
+34.7
-33.3
+13.3
+14.7
-36.2
+21.3
+3.1

60
376
168
187
43
13
226

69
371
206
179
68
4
277

58
335
187
160
58
8
277

+11.1
-11.1
-20.0
+9.4
-39.4
+18.2
-26.4

+3.4
+12.2
-10.2
+16.9
-25.9
+62.5
-18.4

1,437
3,565
2,290
2,141
589
110
2,537

751
3,797
2,478
2,202
598
115
2,632

-47.7
+6.5
+8.2
+2.8
+1.5
+4.5
+3.7

333, 400
182,000

408, 600
262, 500

313,475
161, 100

392, 250
250, 100

+22.6
+44.2

+4.2
+5.0

4, 136, 898
2, 543, 273

4, 336, 601
2, 699, 004

+4.8
+6.1

151, 400
109, 450
35, 200
6,750

146, 100
118, 450
20, 400
7,250

152, 375
111,200
34, 675
6,500

142, 150
115, 300
19, 750
7,100

-3.5
+8.2
-42.0
+7.4

+2.8
+2.7
+3.3
+2.1

1, 583, 625
1, 156, 275
263, 575
84, 275

1, 637, 597
1, 200, 042
273, 155
89, 900

+3.4
+3.8
+3.6
+6.7

1,708
438
1,174
96

135

1,635
454
1,073
108
755
120

31
61
69
5
16
47
18
3
5
195

36
59
60
4
22
51
8
6
10
237

35
74
73
8
6
24
15
4
3
212

78
426
248
228
57
7
281

77
387
202
179
55
14
247

54
423
210
171
71
11
307

334, 850
203, 500

467, 225
316, 900

719, 196
466, 704

131, 350
96, 550
27,100
7,700

150, 325
118, 050
26, 075
6,200

252, 492
184, 892
34,500
13,600

1,723
450
1,161
112

1,852
493
1,241
112

127

1,950
513
1,325
109
792
127

124

number
number.
number..
number
number.
number
number
number
number
number

36
57
77
6
11
31
14
6
9
223

40
67
76
7
18
45
11
5
9
235

number
number..
number _ _
number
number.
number..
number

93
408
265
263
60
14
295

thous. of dolls
thous of dolls
thous.
thous.
thous.
thous.

145

1,573
389
1,083
101
755
5145

Dividend and Interest Payments
Grand total.
.
.
Interest payments
Dividend payments:
Total _
Industrial and raise
Steam railroads
Street railways
Aver, payments on industrial
stocks (quarterly)
.

of dolls
of dolls.
of dolls
of dolls

dolls, per share

78.24

78.87

New Security Issues
Foreign loans in the U. S . thous. of dolls
Foreign governments... .
thous. of dolls
Total corporation t--.
.thous. of dolls..
Purpose of issueNew capital
.thous. of dolls
Refunding
thous. of dolls
Type of securityStocks
thous. of dolls
Bonds and notes
thous. of dolls..
Class of industryRailroads
. thous. of dolls
Public utilities
thous. of dolls
Industrials. _
thous. of dolls..
Oil
thous. of dolls
Land and buildings
thous. of dolls..
Shipping and raise
thous. of dolls,.
Bond sales (Canada):
Govt and provincial
thous. of dolls
Municipal
thous. of dolls
Corporation
thous. of dolls
States and municipalities:
Permanent loans
thous. of dolls..
Temporary loans
thous of dolls
Tax-exempt securities outstanding end of month
mills, of dolls

5

233, 755
79, 885
757, 834

268, 179
48, 550
828, 434

5 43, 591
41, 396
323, 748

199, 426

111,513
43,500
428, 184

105, 145
81,000
444, 278

94, 395
31, 281
451, 364 +114. 7

+18.1
+39.1
-5.1

1, 060, 890
548, 156
5, 097, 718

1, 208, 269 +13.9
583, 370 +6.4
5, 299, 051 +3.9

583, 357
174, 477

645, 883
182, 551

284, 803
38, 945

180, 716
18, 710

391, 158
37, 026

277,832
166, 446

372, 585 +116. 4
78, 779 +97.9

+5.0
-53.0

3, 806, 893
1, 290, 825

3, 770, 611 -1.0
1, 528, 440 +18.4

321, 257
436, 577

409, 611
418, 823

208, 212
115, 538

73, 892
125, 534

172, 047
256, 137

153, 887
290, 391

109, 576 +132. 8
341, 788 +104. 0

+57.0
-25.1

1, 226, 901
3, 870, 818

2, 005, 780 +63. 5
3, 293, 274 -14.9

28, 601
242, 497
150, 783
22, 929
82, 253
230, 272

42, 158
378, 637
190, 356
21, 241
74, 071
121, 971

18, 874
57, 598
98, 810
15, 030
64, 538
68, 374

13, 726
97, 776
32, 989

202, 239
98, 234

19,493
200, 174 +106. 8
82, 659 +197. 8

+1.0
+18.8

30, 256
44, 678

57, 517
70, 194

183, 764
109, 821
65, 392
25,000
38, 292
22, 009

+90.1 +26.1
+57.1 -24.9

839, 775
1, 904, 777
826, 640
333, 138
494, 308
625, 318

543, 631
2, 059, 001
1, 053, 078
102, 327
606, 501
940, 283

30,000
4,347
57, 970

10, 734
2,158
77, 198

975
9,565

964
4,095

9,733
260
11, 980

904
6,625

18, 370
9,788
-73.0
52, 973 +192. 6

-47.0
-97.3
-77.4

73, 336
51, 781
198, 008

59, 503 -18.9
17, 370 -66.5
222, 724 +12.5

141, 334
14, 896

5 137, 284
44, 621

s 75, 951
56, 989

5 78, 929
5 63, 849

63, 357
11, 671

88, 878
60, 382

116, 311
73,088

-19.7
-81.7

-45.5
-84.0

1, 130, 840
484, 489

995, 068 -12.0
532, 095 +9.8

16, 724

16, 847

5 15, 852

15, 952

5

16, 890

16, 872

45, 602
93, 437

Agricultural Finance
Loans outstanding, end of month:
Federal farm loan banks . thous. of dolls
Joint-stock land banks
thous. of dolls..
Federal intermediate credit
banks
thous. of dolls
War Finance Corporation__thous. of dolls. .

7 1, 268, 612
7 642, 174
7

928

68, 978
904

781

747

583

7 1, 143, 130
7 609, 535 -7
62, 879
4, 569
4,285
-22.0 ^-86.4

Stocks and Bonds
Stock prices, average daily closing:
252. 94
25 industrials, average
dolls, per share..
267. 38
267. 16
283. 99
257. 98
125. 39
121. 57
124. 82
118. 64
119. 18
25 railroads, average
.dolls, per share .
162. 58
147. 69
151. 24
154. 87
103 stocks, average
dolls, per share
146. 71
104.82
Southern cotton mills
dolls, per share..
110. 58
110. 42
108. 17
103. 31
Stock, prices, average weekly closing: §
Industrials, rails, and utilities
152.1
144.2
(394)
rel. to 1926
145. 3
148.3
156.6
154.9
148.2
147.8
162.2
All industrials (325)
rel. to 1926
152.6
133.2
126.5
Railroads (33)
.rel. to 1926
124.6
126. 7
129.6
155.3
148. 1
145. 3
147.9
All utilities (35)
rel. to 1926
155.8
249.4
235. 3
244.7
Automobiles (14)
. rel. to 1926
238. 4
270.0
139. 0
135.3
Chain stores (18)
rel. to 1926..
136.8
142.9
150.5
* See tables on pp. 19, 20, and 21 of the October, 1928, issue for earlier data,
t See table on p. 25 of this issue for earlier data.
§ See table on p. 24 of this issue for earlier data.



229. 99
117. 42
141. 17
111.05
122.0
112.3
123.1
118.5
157.4
119.7

242. 66
119. 95
140. 67
109. 85

+6.3 +17.0
+2.7 +4.1
+2.4 +10.1
-1.0
-6.0

+5.6 +22.6
+2.5 +25. 8
+2.5 +3.5
+5.3 +25. 5
+10.3 +55.0
+5.3 +16.9
5
Revised.
7
Quarter ending in month indicated.
127.7
128.9
125.2
124.1
174.2
128.7

-35.3
+8.1
+27.4
-69.3
+22.7
+50.4

50
TREND OF BUSINESS MOVEMENTS—Continued
1

1938
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

May

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1937

August

September

August

SepSeptember, tember,
1928,
Septem1928,
from
ber
from
SepAugust, tember,
1928
1927

Per ct..
increase
(+)
or decrease
(-)
cumulative
1928
from
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

Stocks and Bonds— Continued
Stock, prices, average weekly closing— Contd.
Copper and brass (10)
rel. to 1926..
151.5
Food, other than meat (23)
rel. to 1926..
158.4
Machinery and machine
equipment (10)
rel. to 1926__
138.0
Oil producing and refining (16) .rel. to 1926. .
118.7
Railroad equipment (9)
rel. to 1926..
135.2
Stert and iron (10)
. rel. to 1926.
145 6
Textiles (23)
rel. to 1926..
120.0
Theaters, motion pictures, and
amusements (7)
rel. to 1926..
115.6
Automobile tires, rubber
goods, etc. (7)
rel. to 1926..
128.8
Tobacco and tobacco products
(10)
rel. to 1926. .
140.0
Traction, motor transportation, etc. (9)
rel. to 1926..
105.9
Stock yields:
Common
...
per cent..
4.36
5.21
Preferred, high grade
per cent..
Stock sales, N.Y. Stock Exch.thous. of shares..
82, 164
Bond sales:
Miscellaneous
thous of dolls
263, 388
Liberty-Treasury
. thous. of dolls..
14, 764
Total
thous. of dolls __
278, 152
Bond prices:
Highest-grade rails. p. ct. of par. 4% bond..
94.49
86.92
Second-grade rails. _p. ct. of par. 4% bond..
81.42
Public utility
p. ct. of par. 4% bond..
Industrial
p. ct. of par. 4% bond_.
80.73
Comb, price index. .p. ct. of par. 4% bond..
85.54
Bond prices, 1st of following month:
5 Liberty bonds
.p. ct. of par..
105. 03
16 foreign govt. and city
p. ct. of par..
105. 28
Comb, price index, 66 bonds. .p. ct. of par..
101. 71
Bond yields:
4.42
Total, 60 high grade
per cent..
Railroads (15)
per cent..
4.27
Industries (15)
percent..
4.81
Utilities (15).
.percent..
4.57
Municipal (15)
per cent_.
4.02
Municipal (20)
per cent..
4.01
U. S. Treasury notes and
certificates, 3-6 months
per cent..
3.90
Liberty and Treasury bonds
per cent..
3.35
Long-term real-estate bonds issued:
Grand total _.
. -thous. of dolls. .
77, 450
Purpose of issueFinance construction. .-thous. of dolls. .
44, 515
Real-estate mortgage,. -thous. of dolls. .
20, 910
Acquisitions and
improvements
thous. of dolls. _
2,600
Kind of structure—
Office and commercial. -thous. of dolls..
45, 175
Hotels
..
thous. of dolls _ _
10,300
Apartments . _ _
thous. of dolls..
4,265

147. 5
152.4

150.0
152.1

155.2
158.1

172.0
167. 1

110.0
124. 3

115.9
130.6

+10.8
+5.7

+48.4
+27.9

132.3
112.0
127.1
137. 7
110.4

132. 7
110.9
125.1
136.6
106.4

135.4
112.6
123.6
143.6
105.9

139.4
115. 7
129.5
155.8
109.6

111.1
99.3
131.9
132.7
102.4

114.9
99.3
133.5
143.6
109.1

+3.0
+2.8
+4.8
+8 5
+3.5

+21.3
+16.5
-3.0
+8 5
+0.5

111.5

111.0

116.6

135. 1

99.4

103.7

+15.9

+30 3

115.8

113.3

119.3

127.6

114.5

128.1

+7.0

-0.4

134.9

134.3

137.6

142.5

142.0

149.4

+3.6

-4.6

97.3

96.0

95.7

99.5

94.3

93.8

+4.0

+6.1

4.53
5.32
63, 741

4.56
5.40
39, 001

M.44
5.43
67, 704

4.20
5.41
90, 907

5.12
5.48
51, 057

51,918

+34.3

-5.4
-0.4

-14.3
-0.7
+75.1

246, 885
14, 517
261, 402

183, 815
25, 240
209, 055

173, 561

190, 582
10, 467

183, 549

201,049

290, 948
13, 070
304, 018

254, 987
24, 326
279, 313

+9.8
+4.8
+9.5

-25.3
-57.0
-28.0

92.04
84.42

89. 66

80.99
79.08
77.97

91.05
82. 51
79.51
78.18

81.68

82.53

94.58
85.43
78.23
79.55
83.98

95.19
86. 11

79.39
83.54

90.62
83.09
79.47
77.74
82.45

84.35

+1.6
+1.9
+0.5
+0.3
+1.0

-4.3
-4.2
+1.6
-2.0
-2.2

105. 16
104. 84
101. 14

103. 20
104. 85
100. 05

103. 88
104. 77
100. 36

103. 11
104. 55
100. 40

104. 14
105. 67
101. 34

103. 68
105. 64
101. 51

-0.7
-0.2
0.0

-0.5
-1.0
-1.1

4.50
4.35
4.91
4.66
4.09
4.06

4.54
4.44
4.95
4.68
4.13
4.13

4.59
4.49
4.96
4.73
4.16
4.18

4.57
4.43
4. 95
4.73
4.17
4.16

4.48
4.32
4.81
4.78
4.00
4.02

4.45
4.27
4.80
4.75
3.96
3.96

-0.4
— 1.3
-0.2
0.0
+0.2
-0.5

+2.7
+3.7
+3.1
-0.4
+5.3
+5 1

3.97
3.40

4.26
3.50

4.43
3.56

4.57
3.54

2.70
3.45

2.81
3.44

+3.2
-0.6

+62.6

66, 364

48,495

21, 947

52, 116

32, 247

42, 763 +137. 5

+21.9

432, 197

518, 089 +19. 9

27, 400

18, 581
24, 079

9,970
5,590

4,460

19, 435

23, 463 -55.3 -81.0
5,140 +489. 4 +541. 1

197, 649
110, 244

194, 510 -1.6
178, 329 +61.8

79.51

6,763

9,988

32, 955

4,482

4.90
5.45

78.29

79.81

\

i

420, 309

613, 202 \ +45. 9

2, 602, 892 2, 155, 943 -17.2
232, 593
138, 850 -41.3
2, 835, 485 2, 294, 793 -19.1

+2.9

2,610

1,510

3,252

530

2,080

3,310

-83.7

-84.0

56, 353

49, 728 -11.8

22, 430
885

9,786
4,020
4,600

4,785
2,200

2,510
400
270

7,700

19, 575
5,140

3,473

-47.5
-81.8
-91.4

-87.2
-92.2
-92.2

139, 313
37, 971
40, 725

162, 671 +16. 8
34, 560' -9. 0
30, 279 -25.7

7 141, 938
7 2, 874

+0.7
+0.5

+8.8
+5.5

95, 351
7 1, 653
7 25. 69

+6.0
+3.6
+5.1

+7.5
+5.7
-6.8

416, 695
7 5, 287

+5.7
+4.9

+8.4
+2.6

4,085

3,145

7,170

4,700

Corporation Stockholders
(Quarterly)
Pennsylvania Railroad Co.:
Domestic
number. _
Foreign
number..
U. S. Steel Corp. common stock:
Domestic
number. _
Foreign.
..number..
Shares held by brokers
per ct. of total. _
American Telephone & Telegraph Co.:
Domestic
. -number. _
Foreign
number..

7 153, 294
7 3, 016

7 154, 415
7 3, 032

7 96, 649
7 1, 688
7 22. 79

7 102, 457
7 1, 748
7 23. 95

7 427, 195
7 5, 172

--

--

7 451, 603
7 5, 426

7

7

FOREIGN EXCHANGE RATES
Europe:
England
_ .dolls, per fosterling. _
4.88
.039
France
dolls, per franc..
Italy
_
dolls, per lira-.053
Belgium
_
dolls, per franc. .
.140
Netherlands
dolls, per guilder _.
.404
Sweden
._
dolls, per krone-.268
Switzerland ...
dolls, per franc..
.193
Asia:
Japan..
_
dolls, per yen..
.466
India
dolls, per rupee..
.366
America:
Canada
dolls, per Canadian doll._
.999
Argentina.. _
dolls, per gold peso..
.972
Brazil
dolls, per milreis .
.120
Chile. ._
dolls, per paper peso..
.122
s Revised.




4.88
.039
.053
.140
.403
.268
.193

4.86
.039
.052
.139
.403
.268
.193

4.85
.039
.052
.139
.401
.268
.193

4.85
.039
.052
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.269
.193

0.0
0.0
0.0
0.0
0.0
0.0
0.0

-0.2
0.0
-3.7
0.0
0.0
-0.4
0.0

.466
.365

.459
.363

.451
.363

.458
.363

.473
.361

.468
.363

+1.6
0.0

-2.1
0.0

.998
.969
.120
.122

.998
.961
.119
.121

1.000
.959
.119
.121

1.000
.957
.119
.121

.999
.968
.118
.120

1.001
.971
.119
.121

0.0
-0.2
0.0
0.0

-0.1
-1.4
0.0
0.0

r

Quarter ending in month indicated.

1

ii

1

-

51
TREND OF BUSINESS MOVEMENTS—Continued
1938
The cumulatives shown are through
September, except where otherwise
noted. Earlier data for items shown
here may be found on pages 28 to 137 of
the August, 1928, "Survey"

PER CENT INCREASE (+) OR

1937

DECREASE ( — )

May

June

September

August

July

August

SepSeptember, tember
1928,
Septem- 1928,
from
ber
from
SepAugust, tember,
1928
1927

CUMULATIVE TOTAL
FROM JAN. 1
THROUGH SEPT. 30

1937

1938

Per ct.
increase
( }

or t
decrease
(-)
cumulative
1928
from
1927

U. S. FOREIGN TRADE
Imports
Grand total
By grand divisions:
EuropeTotal
France
Germany
.
Italy
United Kingdom
North AmericaTotal
Canada.
South America —
Total _
Argentina
Asia and OceaniaTotal
Japan
Africa, total
By classes and commodities:
Crude materials
Foodstuffs, crude, and
food animals
Manufactured foodstuffs
Semimanufactures
Finished manufactures

thous. of dolls

353, 981 s 317, 249

thous
thous.
thous.
thous
thous.

of dolls
of dolls
of dolls
of dolls
of dolls

104, 335
11, 157
16, 136
8,588
35, 047

95, 565
11, 927
15, 788
8,169
27, 854

97, 688
11, 293
20, 662
6,949
28, 113

thous. of dolls
-thous. of dolls

85, 915
42, 993

73, 901
41, 015

thous. of dolls
thous. of dolls

47, 376
10, 713

thous. of dolls
thous. of dolls
thous. of dolls

109, 724
38, 536
6,617

thous. of dolls..

137, 799 5 109, 666

_thous. of dolls. _
thous. of dolls_.
thous. of dolls _
thous. of dolls. _

*0

-6.7

3, 153, 447

3, 069, 803

-2.7

368, 820

342, 154

107, 863
15, 138
21, 025
6,875
27, 517

110, 169
14, 729
17, 837
8,578
33, 038

113,446
15, 923
20, 162
8,585
29, 721

e 933, 329
6 120, 826
6 145, 797
e 78, 084
6 261, 905

6 807, 519 -13.5
6 98, 585i
18 4
e 6143, 953 -1.3
63, 663 -18.5
6 231, 467 -11.6

77, 735
41, 784

78, 720
43, 240

82, 865
39, 973

77, 784
41, 902

6 742, 643
6 344, 740

6 645, 721 -13.1
6 316, 891 -8.1

51, 099
10, 319

45, 644
8,119

50, 552
8,438

46, 401
9,694

38, 293
10, 017

6 382, 533
6 73, 994

e 398, 301
6 73, 573

87, 252
22, 306
9,472

89, 769
24, 890
6,968

100, 888
38, 991
8,782

123, 707
47, 482
5,677

105, 979
35, 369
6,651

6 1, 023, 159
e 6308, 265
71, 781

317, 804 5 346, 813

319, 227

110, 240

144, 232

130, 660

1, 241, 527

5 48, 325
30, 005
5 57, 655
5 71, 597

43, 174
33, 314
5
60, 032
5
75, 258

45, 939
30, 060
s 66, 500
82, 168

36, 870
33, 791
63, 366
74, 959

42, 656
35, 471
66, 691
79, 770

33, 190
33, 016
63, 094
82, 194

-9.7
197
+12^4
-4.7
-8.8

-«..

5 47, 968
5 34, 234
59, 084
74, 896

+11. 1
+2.3
+0.4
-8.8

259, 727
344, 898
562, 662
644, 633

421, 888

388, 563

378, 768 « 379, 874

426, 000

374, 751 5 425, 267

+12.1

+0.2

3, 508, 123

188, 160
18, 525
32, 078
15, 149
61, 161

161, 481
15, 712
28, 365
11, 254
52, 230

152, 342
15, 918
22, 094
11,853
52, 120

149, 183
15, 167
24, 579
9,955
52, 826

168, 282
14, 403
30, 239
9,332
57, 670

123, 489
88, 978

114, 005
81, 888

110, 590
77, 325

118, 940
85, 851

109, 058 5 118, 505
75, 241
85, 725

38, 242
14, 082

39, 005
15, 692

43, 907
16, 736

43 766
17, 348

63, 014
22, 998
8,983
5
413, 829

63, 520
21, 628
10, 552
380, 301

61, 979
17, 987
9,950
371, 472

59, 973
15, 517
8,011
371, 442

5

106, 027 s 122, 145

+4.1
-0.6

e 834, 291 -18.5
6 250, 570 -18.7
6 64, 642 -9.9
1, 122, 723

-9.6

417, 623 +60.8
310, 564 -10.0
557, 856 -0.9
661, 037 +2.5

Exports
Grand total, including
reexports
thous of dolls
By grand divisionEuropeTotal
thous. of dolls
France _. _
_ _ thous. of dolls
Germany
thous. of dolls
Italy
thous. of dolls
United Kingdom
thous. of dolls..
North America —
Total
thous of dolls
Canada
thous. of dolls
South AmericaTotal
thous. of dolls
Argentina
thous. of dolls
Asia and OceaniaTotal
.
thous. of dolls
Japan
thous. of dolls
Africa, total
thous. of dolls
Total domestic exports only
thous. of dolls__
By classes of commodities:
Crude materials
thous of dolls
Foodstuffs, crude, and
food animals
_ -thous. of dolls
Manufactured foodstuffs. . .thous. of dolls. .
Semimanufactures
thous. of dolls. _
Finished manufactures
thous. of dolls..
Agricultural exports (quantities) :
All commodities
rel to 1910-14
All commodities except
cotton
rel. to 1910-14

52, 903
17, 923
8,247
416, 472

414, 96"

50, 492
12, 199
8, 527
367, 575

5 74, 918

60, 177

52, 389

120, 187

55, 135

19, 738
17, 158
33, 123 5 31, 222
5
67, 150
63, 062
204, 007 5 193, 941

14, 212
30, 666 '
61,
397
5
205, 020

29, 308
£
34, 882
56, 093
fi
198, 770

42, 363
35, 89"
50, 994
165, 527

46, 770
34, 160
59, 786
171, 724

89, 811

5

5

5

!

s 33, 884
* 12, 976

:

+1.5

61,611,028 6 1, 399, 098 -13.2
6 148, 038 e 134, 190 -9.4
6 316, 538 e 251, 681 -20.5
e 86, 324
6 98, 720 +14.4
6 598, 405 6 489, 111 -18.3

211, 728
21, 084
s 51, 855
8,169
72, 463

38, 391
15, 678

3, 561, 859

i
i

6

941, 333
6 629, 134

6 858, 042
6 592, 513

-8.8
-5.8

6 328, 341
6 119, 440

6 305, 240
6 114, 258

-7.0
-4.3

6 549, 685 6 500, 556
6 172, 839 6 156,417
e 77, 731
e 72, 923
3, 427, 253 3, 482, 556

-8.9
-9.5
-6.2
+1.6

+11.7

-0.4

102, 145 +129. 4

+17.7

769, 039

+44.5
+2.9
-9.1
-16.7

-39.0
-6.9
-6.9
+9.2

288, 656
333, 206
529, 084
1, 507, 269

182, 187 -36.9
324, 236 -2.7
537, 615 +1.6
1, 667, 679 +10.6

816, 353
845, 267

912, 267 +11.7
926, 839 +9.7

69, 429
38, 562
54, 791
151, 545

92

76

64

75

138

94

142

+84.0

-2.8

103

91

84

126

168

155

211

+33.3

-20.4

113,582
120, 154

110, 694
109, 139

103, 404
127, 369

114, 175
113, 904

106, 066
111,856

99, 348
95, 955

91, 803
99, 335

770, 840

+0.2

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports




thous. of dolls
thous. of dolls
5

Revised.

6

-7.1 +15.5
— 1.8 +12.6

Cumulative through Aug. 31.







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an

shellfish,
igations
elopfibhery
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M-i la.

m vigatjon

at on of
QCl

' rirgin
maggical

Wes,

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THOMAS E. ROBERTSON
The granting of patents and t
prints, and labels after technical]
ceedings.
|
Maintenance of library with jjmt Ifjc
copies of foreign and United State
Recording bills of sale, assignment
and trade-marks. Furnishing copies
patents.
'
Publication of the weekly Officii
ents and trade-marks issued.
RADIO D1V
W. I). TBBB|BJ&
Inspection of radio stations on sh
tions on shore, including broadcast:
operators; assigning station call let
the International Radiotelegraph^* H
and settling international radio acc<

•r tarks,
is I pro^
bnt dning
|e-i larks.
p itents
ining to
th 9 pat-

ostaingj radio
te: ms of
•i lining