View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
OCTOBER, 1926
No. 62

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
IMPORTANT NOTICE
In addition to figures given from Government sources, there are also incorporated for completeness of
service figures from other sources generally accepted by the trades, the authority and responsibility
for which are noted in the "Sources of Data9' on pages 152-155 of the August semiannual issue

Subscription price of the SURVEY OF CURRENT BUSINESS is. 31*50 a year; single copies (monthly), 10 cents; semiannual
issues, 25 cents. Foreign subscriptions, 32.25; single copies (monthly issues), including postage, 14 cents; semuni^ualissues, 36 cents. Subscription price of COMMERCE REPORTS is 34 a year; with the SURVEY, 35.50 a year. Make
remittances Only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New
York draft. Currency at sender's risk. Postage stamps or foreign money not accepted




WASHINGTON : GOVERNMENT PKtWTfNO OFFICE : t«26

INTRODUCTION
THE SUBVEY OF CURRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for the past two years and yearly
comparisons, where available, back to 1913; also blank
lines sufficient for six months have been left at the
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue for August, 1926, No. 60). In the intervening
months the more important comparisons only are
given in the table, entitled " Trend of business movements."
\
ADVANCE SHEETS
Realizing that current statistics, are highly perish-,
able and that to be of use they must yeach the business
man at the earliest possible moment, the department
has arranged to;distribute advance leaflets 4very week
to subscribers in the United States. The leaflets
are usually mailed on Tuesdays and give such infpr.matipri as has been received during the preceding
week. The information contained in tfcese leaflets
is also reprinted in "Commerce Reports/' issued
weekly Jby th$ Bureau of Foreign anejl Domestic Com*
merce. The monthly bulletin is distributed as quickly
as it can be completed and printed.
BASIC DATA
The figures reported in the accompanying tables are
very largely those already in existence. The chief
function of the department is to bring together these
data whixjh, if available at all, are scattered in hundreds of different publications. A portion of these
data are collected by Government departments, othei*
figures are compiled by technical journals*? and still
others a?e reported by trade associations.
RELATIVE NUMBERS
To facilitate comparison between different items and
t render the trend of a movement more apparent, relative numbers (often called "index numbers/* a term
referring more particularly to a special kind of number
described below) have been caletilated. The relative!
numbers enable the reader to see,at a glance the
general upward oi* downward tendency of a mover
ment which c$n not so easily be grasped from the
actual figures.
In computing these Relative numbers the last prowar year, 1913; or in some instances a five-yfear average, 1909-1913, has been used as a base equal to 100
Wherever possible.
The relative nujnbers are computed by allowing the
monthly average for the base year or;period to equal
100* If the movement lor a current month is greater
than the base, the relative ntimbor will be greater than
100, and vice versa, Th6 difference Between 100 and
the relative number will give at brice th£ per cent
increase or dectea^e compared with the base pefripd.
Thus a relative number of 115 means an increase of 15

per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next, Thus, if a relative
number at one month is 120 and for a later month it
is 144 there has been an increase of 20 per cent.
In many instances comparable figures for the prewar years are not available, and in such cases the year
1919 has usually been taken as the base. For some
industries 1919 can not be regarded as a proper base,
due to extraordinary conditions in the industry, and
some more representative period has been chosen.
In many cases relatiye numbers of less importance
have been temporarily omitted.
Most of the relative numbers appear in a special
section of the semiannual issues, as in Tables 111 to
131 of the August, 1926, number, thus allowing easy
comparison on a pre-war base for all items for which
relatives cduld be computed.
INDEX NUMBERS
When two or moj-e series of relative numbers are
combined by a system of weightings the resulting
series is denominated an index number. The index
number, by combining many relative numbers, is
designed to show the trend of an entire group of industries or foi; the country as a Whole, instead of for
the single commodity or industry which the relatiye
number covers. Comparisons with the base year or
with otter periods are inade in the same manner as in
the case of relative numbers.
RATIO CHARTS
In many instances the charts used in the SUBVEY
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 itejn is given the same
vertical movement whether its- curve is near the,bottom or near the top of the chart.
The difference between this and the Ordinary form
of a chart can be made dear by an example. If a
certain item, having a relative number of 400 in one
month, increases 10 per cent in the following month,
its relative number will be 440, and on an ordinary
chart would be plotted 40 equidistant scale points
higher than the precfedirig month. Another mbvemenfrwith a Relative number of, say, 50 also increases
10 per cent, making its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
equidistant points, whereas the previous item rose 40
points, yet each showed the same percentage increase
The ratio charts avoid tills difficulty and give to each
of the two movements exactly the same vertical riss
and hence the slopes of the two lines are directly
comparable. Tlie ratio charts compart percentage
changes, while the arithmetic charts compare absolute
changes. ' v ' ' , . . . . , ,
''•"'/.

This issue presents practically complete data for the month of August and also items covering the eartu weeks of
September, received up to September £7. (See charts arid table, pp, 4 and 5.) As most data covering a particular month'*
business are not available until from 15 to SO days after the close of the month, a complete picture of that month's
operations can not be presented at an early date, but the advance leaflets give every week the latest data available.



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

: : BUREAU OF FOREIGN AND DOMESTIC COMMERCE

: : BUREAU OF STANDARDS

OCTOBER

No. 62

1926

CONTENTS
SUMMARIES

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

Page

1
8
2, 3
4, 5
6, 11
8
9
19
7

NEW DETAILED TABLES

Factory labor turnover
Sales of electric fans
Railroad ties and poles purchased
Census of manufactures, 1925
Relative bank debits, by clearing house centers_

10
12
16
18
22

INDEX BY SUBJECTS

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

Text
page

Table
page

11
12
13
13
13
13
14
14
14
14
15
16
16
10
16
17
18

25
27
30
31
32
32
34
34
36
37
38
41
41
43
44
45
47

PRELIMINARY SUMMARY FOR SEPTEMBER
Business activity in September continued to register
gains over the corresponding period of last year,
according to preliminary figures covering the first
three weeks of the month. Larger production of
bituminous coal, beehive coke and petroleum was
recorded than a year ago, while lumber output
showed a decline. New contracts awarded for building construction showed little change from the level
of a year ago.
Receipts of wheat were on about the same
level as last year, while cotton receipts were running smaller. Receipts of cattle were larger than
in August, 1925, while hog receipts showed a decline.
Wool receipts at Boston were running lower than last
year.
Wholesale prices were stronger than in July, but
were still below the levels of a year ago, with cotton
11529—26 f

1




prices showing a decline from both periods and iron
and steel prices, an increase.
Check payments, indicative of the general volume
of trade, were larger in September than a year ago.
Distribution of goods, as seen from figures on carloadings, was higher than at any time on record.
Interest rates, both on call loans and time funds,
averaged higher than in either the previous month or
September, 1925. The Federal reserve ratio averaged lower than in August, but was on about the
same level as a year ago. Loans and discounts of
Federal reserve member banks reached their highest
since these figures became available. Stock prices
showed little change from the previous month but
were higher than a year ago. Business failures were
less numerous than in either the previous month or
September, 1925.

MONTHLY BUSINESS INDICATORS: 1920-1926
Ratio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal se asonal variations and that on manafacturing produc*
tion f,or the varying number of working days in the mont h]




RELATIVE TO 1919 AS 100

RELATIVE TO 1913 AS 100
350

1920

1921

1922 1923 1924 1925

1926

1920 1921 1922 1923 1924
,

,

——I

:

:

1

1925

1

1926 ^
|2(J

BANK DEBITS, 141 CENTERS

WHOLESALE TRADE 6 LINES
INTEREST RATES, COMMERCIAL PAPER

DEPT STORE TRADE 059 STORES)

I
I
!
WHOLESALE PRICES ( DEPT. OF LA BO R )

2001

1

I

MAIL-ORDER SALES
(4 HOUSES)

VFARM PR ICES (DEPT. OF AGRICULTURE)

MANUFACTURING PRODUCTION
(64 COMMODITIES)

COTTON CONSUMPTION

LUMBER PRODUCTION
(5 SPECIES

UNFILLED STEEL ORDERS

AUTOMOBILE PRODUCTION
( PASSENGER CARS AND TRUCKS;

NET FREIGHT TON-MILES

FACTORY EMPLOYMENT

CONTRACTS AWARDED (SO. FT.)
(27 STATES)

1920

1921 1922 1923 1924 1925 1926

1920

1921

1922 1923

1924 1925 1926

MONTHLY BUSINESS INDICATORS
The following table gives comparative relative numbers for a selected list of important business movements. It is believed
that this table will prove useful, because it segregates from the large mass of material a comparatively small number of items which
are often regarded as indicative of business in general.
The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using
1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of
relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous months, does reflect the present tendency in each item and will give a basis for business judgment.
1936

1995

MONTHLY AVERAGE
ITEM

192f

mi

1922 1923 1924 1925

June July Aug.

Sept. Oct. Nov. Dec.

Jan.

Feb.

Mar. Apr. May June July Aug.

1913 monthly average =100
Production:
Pig iron...
Steel ingots
Copper
Cement (shipments)
Anthracite coal
Bituminous coal
Electric energy (gross revenue sales)
Crude petroleum..
Cotton (consumption)
Beef
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum l
Cotton (total) ..
Prices: 2
Wholesale index
.
Retail food
Retail coal, bituminous...
Farm products
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Clearings, New York City
Clearings, outside.. ..
C ommercial paper interest rate ._
Distribution:
Imports (value)
Exports (value)
Sales, mail-order
Transportation:
Freight, net ton-miles

__

_
_

127 130
158 164
135 138
94
77
2
3
132 135
558 578
294 288
124 125
152 139
162 168

120
135
99
108
98
119
283
178
105
119
113

54
64
38
107
99
87
312
189
97
113
117

87
114
80
131
58
85
349
224
109
126
130

130
144
120
153
104
118
407
295
117
130
160

101
122
128
164
99
101
434
287
99
133
151

118
146
136
177
68
109
470
304
115
139
128

104
127
136
237
102
93
421
322
106
127
136

104
122
133
245
109
99
419
325
104
145
107

106
136
132
249
113
113
429
323
96
135
96

106
138
132
240
1
117
450
313
104
144
97

118
154
138
207
1
133
495
311
117
173
122

118
155
131
137
2
127
535
297
117
137
127

170

90

96

102

68

73

63

60

59

63

70

78

85

143
155

171
198

265
153

311
125

369
111

290
129

296
61

294
45

289
56

287
130

284
185

283
216

226
203
207
205

147
153
197
116

149
142
188
124

154
146
190
135

150
146
169
134

159
145
167
147

157
155
158
148

160
160
159
149

160
160
160
152

160
159
163
144

158
162
170
143

108
184
67

229
136
64

228
169
75

197
185
72

198
198
81

162
262
99

161
248
96

151
256
97

163
272
101

134
280
102

257
275
134

205
212
118

230
230
80

226
276
90

264
284
71

300
315
73

305
317
70

297
323
71

256
293
72

294
331
264

140
181
188

177
154
204

212
168
259

201
185
284

236
198
327

218
156
271

218
164
248

137

105

115

139

131

139

131

139

114
151
132
79
27
117
559
264
122
120
127

134
178
147
129
115
116
545
293
136
136
136

135
163
143
175
108
101
537
290
124
137
120

83

78

74

65

278
237

278
226

274
213

274
192

158
167
179
144

156
166
179
143

156
164
179
143

155
162
179
143

129
298
102

157
305
107

160
305
111

191
309
111

276
313
76

329
353
80

298
319
79

342
348
79

228
184
255

234
203
309

250
237
464

252
216
396

153

151

161

149

136 126
156 149
143 '139
243 259
106 117
98 105
514 499
302 298
111 111
139 150
119 136

126
145
140
254
111
109
495
313
99
136
129

321
108
140
118

61

59

61

60

273
168

271
143

268
119

265
98

263
85

152
160
170
140

151
162
168
140

152
161
161
139

152
160
160
139

151
157
160
135

149
156
162
132

150
309
109

134
272
105

169
249
104

147
253
106

129
268
111

130
280
113

123
296
116

344
341
79

272
288
75

356
339
78

329
324
76

297
316
72

307
329
70

302
334
72

275
304
78

266
226
473

279
192
336

260
170
322

297
181
357

266
187
344

215
172
299

226
163
309

227
178
284

225
186
286

139

138

130

141

133

146

144

153

125
159
140
251
108
116

1919 monthly average =100
Production:
Lumber 3
Building contracts
Stocks:
Beef—
Pork
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City
Federal ReserveBills discounted ...
Total reserves
__
Ratio

102
72

86
69

117
102

133
106

129
108

141
138

151
143

141
145

154
166

153
155

157
148

140
146

127
137

113
117

130
90

146
150

142
155

148
153

148
142

139
125

144
141

66
98

42
83

29
70

32
91

34
90

34
82

26
96

21
89

19
76

17
59

20
46

31
45

36
56

34
67

33
74

30
78

25
76

22
74

21
78

19
86

18
84

86

87

107

104

108

112

114

112

111

111

111

112

112

114

115

115

116

117

117

117

116

114

91

95

107

108

121

123" 123

113

119

137

121

137

134

114

133

128

122

128

135

118

132
97
80

91
122
122

28
144
154

39
146
152

19
146
160

26
134
149

24
135
153

24
134
154

30
132
149

33
131
144

30
132
144

32
131
142

39
129
134

23
135
149

28
133
147

33
133
146

27
135
151

24
136
151

27
136
150

27
137
152

32
135
148

* Data since January, 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.
Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department Agriculture.
Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber production for the country of 34,552,000,000
board feet reported by the census.
82




WEEKLY BUSINESS INDICATORS
[See table on page 5]
WEEKLY AVERAGE, 1922 -1924 =100
BITUMINOUS COAL, PRODUCTION
-i MAR.. APrt.

MAY

JUNgJUir

AUG., _SEPT,

OCT..

FISHER'S INDEX, WEEKLY AVERAGEi923-!924=:ICO •
FISHER'S WHOLESALE PRICE INDEX

WHEAT RECEIPTS
NOV.

JAN.

AUG. SEPT. OCT. NOV. j PEG, j

JULY AUQ. SEPT.

JUNE

"*.

J

V

^\\

V-V

\\

100

\ \1

•vU-L-

OCT.

NOV.

DEC.'

/\

1/v

.

/

.,/'- V w-

..**'

\-

\***'

•v^Y<" A
1 1 1 VN

1 11

1 1 J_ _LJU_

COTTON PRICES MIDDLING NEW YORK

105

IRON AND STEEL COMPOSITE PRICES

100
BEEHIVE COKE PRODUCTION
95

90
R6

ISO

WHEAT PRICE NO.2 RED WINTER

160
140
120

I4

F °n ' -

PETROLEUM PRODUCTIONfDAILYAVERAGE)




v
LOANS AND DISCOUNTS (F.R.MEMBER BANKS
»».»•

i

| f^^"i^^ jg»yy—•*••

i

1

••rn'fT'7n'iT'i'tV'rrv!'"i"iTM'ri 1*1*. 1 1 1 1 1 1 1 1 . i
DEBITS TO INDIVIDUAL ACCOUNTS .

WEEKLY BUSINESS INDICATORS
Debits to individual
accounts

13.6
13.6
24.3
26.8

101.0
100.6
106.4
100.3

65.1
69.3
77.0
64.3

103.5
103.8
104.6
104.5

89.8
91.7
92.1
95.5

91.1
91.1
91.1
91.1

128.5
132.5
127.6

114.4
113.6
113.7
113.3

129.4
116.6
120.4
119.9

121.2
100.0
97.0
100.0

92.3
77.1
101.0
106.0

Aug. 1
8..

104.2
109.8
113.0
115.9
122.6

113.3
112.4
115.7
120.0
115.7

53.5
53.9
53.9
63.2
72.4

115.9
117.3
116.1
116.3
116.0

114.7
115.6
117.1
118.7
123.6

202.6
168.0
179.4
194.4
153.8

165.9
143.9
122.2
108.1
108.3

40.0
31.9
45.5
71.9
116.6

104.8
109.0
117.4
119.0
114.8

67.8
63.5
62.1
57.7
61.5

104.8
105.1
104.6
103.4
103.9

94.0
92.8
89.8
89.4
86.4

91.1
91.1
91.1
91.1
90.6

129.3
'136.6
139.0
135.8
137.4

113.1
113.8
114.4
114.4
114.4

107.1
120.1
109.5
114.6
105.9

100.0
106.1
97.0
100.0
106.1

89.3
90.1
79.4
92.5
86.3

Sept. 5

119.3
110.0
119.9
125.3

117.6
112.4
119.0
115.7

72.8
73.2
75.0
77.2

117.3
116.9
116.9
115.5

121.2
107.2
120.7
123.2

152.4
97.7
162.3
136.0

136.0
158.1
170.4
180.6

177.9
197.0
244.3
279.1

113.8
89.7
109.6
122.8

62.8
56.8
61.8
62.0

103.2
103.0
103.6
103.1

85.7
90.6
92.5
90.2

90.6
90.9
90.9
91.0

137.4
139.0
140.7
138.2

115.3
115.0
116.3
116.6

111.5
95.3
128.1
122.3

100.0
106.1
100.0
118.2

82.3
70.2
89.1
89.6

121.3
128.7
129.7
133.2
137.5

114.8
116.7
114.8
116.7
116.7

82.0
89.0
99.1
98.2
114. 5

114.9
114.9
114.2
113.3
113.2

122.3
121.6
121.6
123.3
120.0

234.8
132.0
117.6
130.6
157.8

149.0
113.4
90.7
74.6
81.0

311.9
309.4
337.4
327.7
325.1

142.8
156.6
155.9
149.5
143.7

78.1
73.4
70.7
70.6
80.6

102.3
101.7
102.0
101.7
102.9

87.5
83.4
81.9
82.3
74.7

91.1
91.1
91.1
91.5
92.4

125.2
130.1
138.2

118.3
118.2
118.6
118.7
118.9

126.9
138.7
118.0
137.5
122.4

121.2
112.1
100.0
103.0
121.2

87.3
90.5
83.8
80.6
92.8

175.8
141.5
147.2
104.3

95.8
86.5
104.5
104.7

323.8
288.5
289.8
285.1

136.7
124.4
119.0
88.7

85.0
87.5
97.6
79.0

103.3
103.4
103.6
104.2

79.2
78.9
78.5
80.8

93.6
94.3
94.5
94.6

136.6
138.2
137.4
140.7

120.0
119.9
119.9
119.4

131.8
114.4
145.8
124.4

112.1
109.1
112.1
121.2

88.1
102. 7 |
109.0
95.3

Business failures

Bank loans and discounts

59.9
91.4
93.3
140.5

Call-money rates
•

Price of No. 2 wheat

142.5
124.0
132.0
134.6

Price of iron and
steel (composite)

95.0
108.0
111.1
113.2

Price of cotton middling

Receipts of wheat

118.0
118.0
116.0
115.8

Wholesale prices

Building contracts

52.6
56.6
55.7
54.8

Receipts of hogs

Car loadings

90.0
98.6
108.1
107.1

Receipts of cattle

Petroleum production

81.0
95.2
98.8
102.9

Receipts of cotton

Lumber production

July 4
11
18
25

WEEK
ENDING 2—

Beehive coke production

Bituminous coal
production

All data are given as relative to the weekly average for 1922 to 1924 as 100, except wholesale prices, which are based on 1923 to 1924 average

1935

15
22
29

12

19

26

Oct.

3
10
17
24

31 . ..

Nov.

7
14..
21
28

Dec

5
12

19
26

134.1
134.0
138.8
127.8

114.8
112.4
113.8
106.2

128.1
129.4
124.6
128.5

112.8
111.8
112.5
112.1

116.9
115.5
116.3
101.5

141.8
142.2
139 8
92.9

108.1
110.5
111.4
72.9

130.7
127.6
137.3
114.5

111.9
111.2
110.5
109.8

112.2
110.9
106.4
77.1

181.4
142.1
142.3
110.2

117.3
116.3
104. 1
74.4

293.6
283.0
242.6
206.8

123.5
125.1
119.3
65.3

110.0
110.2
102.8
70.6

105.1
103.6
102.7
102.9

78.5
74.3
73.2
74.7

95.3
95.2
95.2
95.2

143.9

119.8
120.2
120.4
120.8

124.7
123.9
141.4
133.6

121.2
124.2
124.2
142.4

105.0
107.5
112.7
83. 1

117.5
143.5
144.0
136.9
138.4

56.7
81.4
94.3
101.9
103. 8

128. 5
127.2
136.4
150.4
148.7

108.2
107.7
106.8
105.7
103.8

81.5
99.7
103.0
101.3
101.7

152.3
131. 8
119.2
182.7
115.5

41.6
75.7
63.0
55.9
53.0

174.0
132.8
112.3
119.6
106.0

71.4
103.9
105.1
102.2
83.3

97.2
122.7
112.5
94.7
102.0

103.8
103.8
103.4
103.7
104.0

78.1
78.5
79.6
78.9
78.5

95.5
95.5
95.5
95.3
94.9

152.8
153.7
152. 8
152.8
148.8

121.8
121.3
120.2
120.0
119.3

109.8
153.2
129.8
135.2
124.0

145.5
97.0
109.1
97.0
109.1

93.0
137.3
142.5
127.6
128.4

134.0
132.3
126.8
120.0

108.1
110.5
108.1
107.1

161.0
158.8
154.8
140.4

104.5
104.3
104.3
105.6

100. 6
100.8
102.4
100.3

93.2
77.0
102.8
146.7

51.9
48.9
60.8
40.6

101.3
97.9
87.7
71.1

87.8
85.5
78.8
82.3

94.4
93.7
79.0
80.9

104.0
103.3
102.0
101.3

78.5
78.5
78.5
75.1

94.9
94.9
94.7
94.7

156.1
148.8
145.5
147.2

119.6
119.8
119.4
119.2

132.4
123.3
121.7
107.7

112.1
118.2
115.1
127.3

128.9
94.8
118.9
104.0

115.2
117.8
113.1
106.0

109.5
111.4
114.8
118. 1

115.8
115.4
115.4
109.7

105. 3
106. 1
105.8
106.0

106.0
106.3
107.4
106.4

106.4
119.6
167.0
157. 1

45.7
36.6
42.1
42.1

68.5
65.5
68.1
71.5

81.0
83.3
85.9
88.4

90.1
82.9
85.6
78.6

100.3
99.9
100.1
98.8

73.6
74.0
72.8
72.8

94.7
94.7
94.6
94.6

139.0
137.4
142.3
130.1

119.8
119.0
119.3
119.3

143.5
121.7
133.6
122.2

112.1
103.0
103.0
118.2

120. 4
122. 1
97.5
110. 2

99 6
103.8
102.5
102.1

116. 7
115.7
119.0
118.1

102 6
100.0
102.2
100.0

106 7
106.7
106.4
107.2

102.0
102.2
106.1
107.0

165 1
207.4
184.9
128.6

31.4
39.4
33.6
42.4

57.4
51.9
48.1
43.0

69.8
74.3
82.0
88.7

59.9
68.9
74.8
74.6

98.9
98.2
98.8
98.5

73.2
72.8
72.5
71.3

94.6
93.8
93.8
93.6

136.6
142.3

120 2
119.4
118.9
118.7

124.0
133.1
126.2
129.6

115 1
97.0
109. 1
84.8

98. 5
99.8
108. 2
117.9

100.5
99.6
102.4
102. 3
106.7

111.4
109.5
111.4
112.4
113.8

92.1
93.0
89.3
92.5
85.1

109.1
109.3
109.6
108.9
110.3

109.4
109.5
113.2
114.2
118.8

165.2
166.4
147.2
190.0
168.3

41.9
42.3
37.3
43.4
58.2

49.4
43.4
44.3
39.6
40.4

99.0
98.1
87.1
86.8
95.8

78.7
74.5
66.5
72.1
78.7

97.9
98.5
99.2
99.6
99.4

71.3
72.5
71.7
70.9
71.3

93.4
93.4
93.3
92.8
92.5

134.1
135.8
137.4
134.1
135.0

119.3
119.8
119.4
118.9
118.7

117.3
134.2
119.7
125.6
118.8

93.9
93.9
90.9
97.0
97.0

122.6
100.3
104. 2
102.7
108.0

95.4
106.0
104.7
108.5

105.2
112.4
114.8
109.5

85.5
86.0
80.7
82.0

110.1
110.4
110.3
110.8

104.0
116.5
114.7
116.8

124.5
150.9
134.3
150.6

44.3
44.7
42.3
68.3

36.6
34.0
27.2
18.3

95.5
92.9
94.2
85.9

75.7
92.0
75.7
71.4

98.9
100.1
99.2
99.0

70.9
68.7
69.4
70.2

92.1
91.7
91.5
91.5

120.3
126.8
125.2
117.9

119.4
118.9
120.2
119.3

117.0
121.4
129.8
123.0

100.0
97.0
90.9
103.0

84.8
94.0
99.5
99.5

104.5
91.5
111.4
111.8
116.1

105.2
84.8
107.1
103.8
109.5

71.5
77.2
79.8
74.6
77.2

111.7
111. 5
112.6
113.5
116.0

117.9
99.0
119.1
119.3
121.2

125.6
158.2
162.8
134.1
197.3

106.0
166. 1
171.6
232.0
309.6

20.4
14.5
22.1
22.1
28.1

96.5
90.0
104.2
94.9
94.2

72.1
70.7
67.1
70.9
68.2

97.9
98.2
97.9
97.1
96.4

69.1
72.1
70.2
71.3
72.5

91.8
91.8
91.7
91.7
91.5

109.8
120.3
117.1
118.7

120.9
120.3
119.8
119.6
119.6

126.8
130.3
129.3
129.9
116.1

115.1
109.1
103.0
97.0
106.1

92.3
76.1
88.1
89.3
98.8

111.8
117. 1
116.0
123.6

110.5
111.4
110.5
113.3

72.8
117.4
118.5
71.5
80.3
119.0
79.4 ,119. 4

119.1
121.7
119.7
124.9

121.5
152. 1
151.8
197.7

284.0
225.0
167.9
131.1

25.1
48.5
59.1
67.7

75.6
99.0
102.9
103.9

70.9
67. 1
67.9
59.9

96.2
96.0
95.9
96.5

71.3
67.2
68.7
72.1

91.5
91.5
91.5
91.5

113.0
111.4
110.6
110.6

120.4
120.7
120.3
120.4

127.2
116. -8
122.8
113.0

109.1
109. 1
109.1
115.1

93.3
92.3
90.1
91.0

121.3
113.0
126.0

109.5
99.5
109.5
111.4

80.7
79.8
86.4

120.4
119.7
119.1
119.0

126.6
113.3
130.5

145.0
193.4
162.1
180.2

155.1
146.6
141.2
117.1

112.8
126.0
216.2
275 7

124.1
121.9
134.1
141.5

60.9
60.7
64.2
60.4

96.2
96.7
9 '96
96 3

70.6
69.8
64.5
57 4

91.5
91.4
91.9
92 1

108.1
108.9
111.4
111 4

121.3
121.5
122.5
122 0

112.7
101.7
127.4
131 3

115.1
121.2
121.2
127 3

93.8
74.4
81.3
83.6

96.6

54.0

92 0

133.3

82.8

1926
Jan.

2
9

_

16
23

30

Feb.

6

13

20
27

Mar. 6
13

20
27

Apr

3

10
17

24

May 01
15.
22
29

June 5
12
19
26
July

__

3
10
17
24

•31

Aug.

7. . _
14
21

28_ . .

Sept 4 ...
11
18
25

Oct.

2

355.7

'

* Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on foui
associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American
Railway Association; Building contracts from F. W Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture,
Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving
Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago
Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
Federal Reserve Board; Call-money rate from Wall Street Journal; Business failures from R. G. Dun & Company,
2 The actual week for all items does not always end on same day.




WHOLESALE PRICE COMPARISONS
NOTE.— Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics; nonferrous metal
rom the Engineering and Mining Journal- Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to producer or at mill. See diagram on page 6.

ACTUAL PRICE

PER CENT
INCREASE (+) OR
DECREASE (— )

July,
1926

August,
1926

August,
1925

August, August,
1926 from 1926 from
August,
July,
1925
1926

Bushel
Bushel
Bushel
Pound
Ton
Pound
Pound
Pound

1.277
.715
1.746
.154
31.31
.0646
.1269
.1152

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

1.504
1.065
1.554
.234
36.63
.0658
.1219
.1180

-2.0
+11.2
-19.5
+4.5
-5.0
-2.4
-8.1
-3.5

-16.8
-25.4
-9.6
-31.2
-18.8
-4.4
-4.3
-5.8

161
116
292
128
144
109
169
189

158
129
235
134
136
107
155
182

190
172
260
195
168
112
163
193

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

1.53
1.44
.80
.42
.72
1.04
21.00
.187
.43
9.42
12.98
5.88
14.26

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

1.64
1.68
1.05
.42
.81
1.07
25.00
.238
.51
12.08
13.13
6.40
14.60

-7.2
-4.9
+1.3
-4.8
-9.7
-2.9
0.0
0.0
+2.3
-4.7
-8.7
-0.2
' -2.2

-13.4
-18.5
-22.9
-4.8
-19.8
-5.6
-16.0
-21.4
-13.7
-25.7
-9.7
-8.3
-4.5

168
146
129
111
115
163
159
146
172
111
155
125
183

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

186
170
168
110
129
168
189
186
204
142
157
137
187

(dollars)

Unit

COMMODITIES

RELATIVE PKICE

(1913 average= 100)

July, August, August,
1926
1926

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

.

_.

.

_

.

--.
FARM PRODUCTS-MARKET PRICE

Wheat, No. 1, northern spring (Chicago)
Wheat, No. 2 red, winter (Chicago)
Corn, contract grade No. 2, cash (Chicago)
_
Oats, contract grades, cash (Chicago)
__J
Barley, fair to good, malting (Chicago)
Rye, No. 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
Cotton, middling upland (New York)
Wool, % bloodcombing, Ohio and Pennsylvania fleeces (Boston) __ _
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago) .
_ _ _ .
Sheep ewes (Chicago)
Sheep, lambs (Chicago)
FOOD
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York).
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York) ...
Beef, fresh carcass good native steers (Chicago)
Beef, fresh steer rounds No. 2 (Chicago)
Pork, smoked hams (Chicago)

Barrel
Barrel
Pound
Pound
Pound
Pound
Pound
Pound

8.98
6.81
.042
.056
.15
.162
.170
.351

7,95
6.74
.042
.055
.13 •
.160
.170
.329

8.83
7.57
.044
.054
.11
.185
.188
.298

-11.5
-1.0
0.0
-1.8
-13.3
-1.2
0.0
-6.3

-10.0
- 11.0
-4.5
+1.9
+18.2
-13.5
-9.6
+10.4

196
177
119
130
209
125
130
211

173
175
121
130
179
124
130
198

193
197
124
125
156
143
143
180

Pound
Yard
Yard
Pound
Yard... .
Yard
Pound
Pound.....
Pound
Square foot
Pound
Pair
Pair

.344
.073
.089
1.40
.73
3.29
5.78
.142
.172
.45
.41
6.40
4.85

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

.423
.095
.104
1.65
.80
3.60
6.47
.176
.213
.46
.46
6.40
5.15

+5.5
+4.1
• +3.4
0.0
0.0
0.0
+3.5
+4.9
+3.5
0.0
0.0
0.0
0.0

— 14.2
-20.0
-11.5
-15.2
-8.7
-8.6
-7.6
-15.3
-16.4
-2.2
-10.9
0.0
- 5.8

139
137
144
180
232
213
159
77
91
167
91
206
153

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

1714
179
170
212
254
233
178
96
113
171
103
206
163

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

3.39
11.48
2.94
2.050

3.39
11.47
3.14
2.050

3.39
11.16
3.19
1.720

0.0
-0.1
+6.8
0.0

0.0
+2.8
-1.6
+19.2

154
216
121
219

154
216
129
219

154
210
131
184

Long ton... 19.45
Long ton... 17.63
Long ton... 35.00
.1392
Pound .
.0850
Pound
.6137
Pound
.0741
Pound

19. 26
17.50
35.00
.1417
.0891
.6388
.0738

20.26
18.00
35.00
.1449
.0919
.5665
.0758

-1.0
-0.7
0.0
+1.8
+4.8
+4.1
-0.4

-4.9
-2.8
0.0
-2.2
-3.0
+12.8
-2.6

122
120
136
91
195
139
135

120
119
136
93
204
144
134

127
122
136
95
210
128
* 138

Mfeet
43.17
Mfeet
Thousand.. 17.00

42.89

45.31
17.50
15.37

*0.6

-5.3

187

186

0.0

+10.6

259

259

197
190
234

0.0
0.0
+0.6
0.0

-5.7
+1.0
-49.2
+7.1

163
129
42
75

163
129
42
75

173
128
82
70

CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 27 inches, 64 x 60-38H"~5-35— yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's crossbred stock, white, in skein (Boston)
Women's dress goods, French, 35-36 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Silk, raw, Japanese, Kansai No. 1 (New York)
Hides, green salted, packer's 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 lump (Cincinnati)
_
Coal, anthracite, chestnut (New York tidewater).
Coke, Connellsville (range of prompt and future) furnace —at ovens
Petroleum, crude, Kansas- Oklahoma—at wells
METALS
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, basic, valley furnace
_ _.
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery -(New York)
Zinc, slab, western (St. Louis)
_
_
...
BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district)
Lumber, Douglas fir, No. 1, common s 1 s, 1 x 8 10 (Washington)
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b., plant (Chicago
district)
Steel beams, mill (Pittsburgh) .
Rubber, Para, Island, fine (New York)
Sulphuric acid 66° (New York)




Barrel
Cwt
Pound
Cwt

1.65
1.95
.335
.75

17.00

1.65
1.95
.337
.75

1.75
1.93
.663
.70

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

dOO

COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS
[August, 1926, is latest month plotted]
800

BUILDING CONTRACTS AWARDED^
(27 STATES)

\

TOTAL AUTOMOBILE
PRODUCTION
40

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
[August, 1926, is latest month plotted]
4.000
2,000




8

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

June

July

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

1926

1925

YEARLY AVERAGE

July

August, 1926 August, 1926
from
from
July, 1926 August, 1925

1923

1924

1925

119
114

136
117
102
121
144
106

113
119
126
117
118
119
152
108

125
116
132
113
111
126
169
138

129
94
139
120
55
134
160
143

128
99
145
111
69
126
165
145

122
116
151
107
106
132
168
166

131
99
144
121
63
128
181
142

127
116
150
115
103
119
182
125

136
122
156
111
114
124
189 1
141

+ 7. 1
+ 5.2
+4.0
-3.5
+ 10. 7
+ 4.2
+ 3.8
+ 12.8

+ 11. 5
+ 5.2
+ 3.3
+ 3.7
+ 7.5
-6. 1
+ 12.5
-15. 1

STOCKS (45 commodities; seasonal
ad j ustment)
UNFILLED ORDERS (relative to 1920) _ _

119
74

135
52

145
56

143
51

133
51

142
52

162
48

166
48

183 !
49

+ 10.3
+ 2. 1

+ 28. 9 i
-5. 8 ;

SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
Wholesale trade.
Department stores (359 stores) _ _

99
165
83
124

105
185
82
125

118
209
84
131

102
187
83
126

87
183
83
95

89
195 j
87 !
98

107
204
84
138

98
206
82
99

98
204
87
105

0.0
-1.0
+ 6. 1
+ 6. 1

+ 10. 1
+ 4.6 ;
0.0

65
75
78
94

64
73
78
95

70
77
84
98

71
76
83
97

71
78
86
98

73
78
86
98

67
74
86
97

65
73
84
97

62
72
84
96

-3. 1
-1. 4
0.0
-1. 0

-13.7
-7, 7
-2.3
-2.0

CHECK PAYMENTS (141 cities— Seasonal adjustment)
FACTORY EMPLOYMENT (1919 base)

103
93

110
84

127
84

126
83

127
82

125
83

131 ,
84

138
83

136
84

+ 1.2 ;

1 4

-+-8. 8
+ 1. 2

TRANSPORTATION :
Net freight ton-mile operation
Car loadings (monthly total)
Net available car surplus (end
of mo.)

115
119 i

108
116

115
122

108
114

115
142

126
124

119
118

126
150

127

-15.3

4-2. 4

25

139

146

186

160

98

514

120

98

18 3

0. 0

PRODUCTION:
Manufacturing (64 commodities— Adjusted) *
Raw materials, total
Minerals
Animal products _ _
Crops
_ _ __
Forest products
Electric power
Building (awards— floor space) _ _

PRICES (recomputed to 1919 base) :
Producers', farm products
Wholesale, all commodities
Retail food _ _
Cost of living (including food)

August

June

August

4-7. 1

:

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

COURSE OF BUSINESS IN AUGUST
GENERAL CONDITIONS
Industrial activity in August, after adjustment for change from the previous month, were lower than
differences in working time, reached the highest point last year, while the index of living costs was lower
on record, showing advances of 7 per cent and 12 per than in either period.
cent, respectively, over the preceding month and the
Factory employment advanced, both over the
same month of 1925. The output of raw materials previous month and the same month of 1925, with
was larger in August than in either the previous factory payrolls showing a greater relative gain over
month or the same month of last year. The volume both periods. Check payments, indicative of the
of new building contracts measured in floor space, general dollar volume of trade, after adjustment for
although 15 per cent smaller than a year ago, showed seasonal conditions, were lower than in July but
an advance of 13 per cent over the preceding month- 9 per cent higher than last year.
Unfilled orders for manufactured commodities, prinRetail trade, as reported by mail-order houses,
cipally iron and steel and building materials, were also ten-cent chains and department stores, showed
smaller tl^an last year, but higher than in July substantial gains over last year. Primary trade in
Commodity stocks were held in larger quantities at the principal wholesale lines was seasonably larger
the end of August than at the end of the previous than in July but showed no change from a year ago.
month or the same month last year, after adjustment
More goods moved into consumption, as seen from
for seasonal variations due to increased stocks of data on car loadings, than in August, 1925, with no
raw foodstuffs.
shortage of freight cars. Stock prices continued to
Prices paid to producers of farm products averaged average higher, while interest rates showed increases
lower than in either the previous month or August, over both the preceding month and the same month of
1925, and wholesale prices recorded similar declines. last year. Business failures, although more numerous

Retail food prices, although showing no appreciable than last year, represented smaller defaulted liabilities.


9

SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

The output of raw materials, embracing minerals,
animal products, crops and forest products, registered
an advance in August, both as compared with the
previous month and the same month of 1925. Mineral
production showed an increase of 3 per cent over both
comparative periods, the principal increases over
July occurring in the output of bituminous coal, iron ore,
zinc, and gold and silver. The marketings of animal
products were seasonably smaller than in the previous
month but registered an advance of 4 per cent over the
preceding year, with the principal increases over last
year occurring in wool, sheep, poultry, and fish.
Crop marketings were seasonally larger than in July
and 9 per cent greater than in August, 1925, declines
from a year ago in the marketings of cotton and cotton
products and miscellaneous crops being insufficient to

offset the increased movement to market of grains and
fruits. The output of forest products showed a seasonal increase over July but was the only major group
of raw materials to show a decline from a year ago.
Manufacturing production, after adjustment for the
varying number of working days, continued to increase,
and for August was 7 per cent higher than in July and
12 per cent greater than a year ago, making a new
high mark on the adjusted basis. Group totals,
unadjusted for working time, showed increases in all
major industrial branches, as compared with the
previous month, with the exception of foodstuffs,
paper and printing, and stone and clay products. As
compared with the previous year, the output of manufactures was larger in all industrial groups for which
data are available, with the exception of lumber,
leather, and nonferrous metals.

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average=100. Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders nre principally those
of iron, steel, and building materials. August, 1926, is latest month plotted]

COMMODITY STOCKS

Commodity stocks held at the end of August, after
adjustment for normal seasonal variations, were the
largest since January, 1920, due principally to increased holdings of raw agricultural foodstuffs, especially corn. Manufactured commodities increased over
the previous month but were lower than a year ago.
The unadjusted index of commodity stocks, although
higher than last year, showed a decline from the previous month, the increase in manufactured foodstuffs
being insufficient to offset the declines in raw foodstuffs, other raw materials, and manufactured commodities.
11520—26f
2



SALES

The index of unfilled orders of manufactured commodities, principally iron and steel, and building
materials, registered an advance of 2 per cent over
the preceding month, but at the end of August was
8 per cent below a year ago. The iron an/1 steel
group showed smaller forward business than in July,
but no change from August 31, 1925, while building
materials booked in advance showed an increase of
5 per cent over the previous month and a decline of
18 per cent from last year.
Wholesale trade showed a seasonal advance over
July and was on the same level as a year ago, with

10
no allowance for price differentials. The dollar
volume of sales in the shoe trade was larger than a
year ago, while hardware and groceries showed no
change. Wholesale drug sales were also larger than
last year but the dry-goods trade showed a decline.
Meat sales recorded an advance over both the previous month and August, 1925.
Retail trade, as reported by mail-order houses,
chain stores, and department stores, was substantially ahead of last year, the principal sales increases
occurring in 10-cent stores, grocery chains, drug
chains, cigar stores and shoe chains, with declines
noted in music chains and candy stores.
The value of merchandise stocks held by department stores at the end of August, although larger
than in the previous month, was smaller than in
August, 1925.

FACTORY EMPLOYMENT

Factory employment in August was greater than
in either the previous month or the same month of last
year, all important industrial groups showing increased
employment over the previous month, except tobacco
products which declined, and lumber, paper and printing, and vehicles, which showed no change.
Factory pay rolls in August were 4 per cent larger
than in either the preceding month or August a year
ago, with the greatest increases over the previous
month occurring in textile, stone, clay and glass, and
vehicle factories.
Compared with last year, larger pay rolls were noted
in all industrial groups, except textiles, nonferrous
metals, and tobacco products, which showed appreciable declines.

FACTORY LABOR TURNOVER
VOLUNTARY QUITS

ALL DEPARTURES, 1926

MONTH

1919

1920

1921

1922

1923

1924

1925

Total

Voluntary quits

fls

ALL ACCESSIONS,
1926

dSl;s ^°

PER CENT OF NUMBER ON PAY ROLL

January
February
March
April

5.8
4.1
4.8
5.8

8.6
8.5
12.9
11.7

1.8
1.7
2.5
2.3

1.5
1.8
2.2
3.3

4.3
5.4
7.6
9.0

2.7
2.1
3.4
4.4

2.1
2.2
2.7
3.5

3.3
3.1
4.3
5.0

2.3
2.1
3.0
3.8

0. 6
0.5 i
0.7 i
0.7 1

0. 4
0.5
0.6
0.5

4.8
4.3
4.8
4.3

May
June
July
August -

6.5
9.2
9.0
11.8

8.9
10.8
11.8
10.8

2.3
2.8
2.6
2.5

5.0
6.1
5.4
6.0

8.7
8.8
7.3
6.3

3.3
2.5
2.1
2.1

3.4
3.4
3.0
3.3

4.3
3.8
4.8
4.6

3.2
2.9
3.3
3.4

0. 6
0. 4
0. 7
0. 7

0. 5
0. 5
0. 8
0. 5

5.1
4.7
4.7
5.2

8.4
8.4
7.8
6.4

9.3
6.4
3.5
2.5

2.7
2.1
1.7
1.4

7.6
6.1
5.0
3.4

6.5
4.5
3.2
2.2

2.3
2.3
1.6
1.7

3.2
2.7
2.5
2.1

September
October
November
December _

1
Compiled by the Metropolitan Life Insurance Co. from reports of about 100 companies each month in 1926, the voluntary-quit index from 1919 to 1925 being based upon
reports of 61 companies.

PRICES

Prices paid producers for agricultural products
continued to decline in August, averaging 13 per cent
below a year ago, all groups participating in this
general decline. As compared with the preceding
month, increases in the prices of grains and cotton
and cottonseed were insufficient to offset the declines
in fruits and vegetables, meat animals and dairy and
poultry.
Wholesale prices also continued to decline and, fqr
August, were lower than at any time in about two
years. As compared with the preceding month,
increases in the prices of cloths and clothing, fuels and




metals and metal products were insufficient to offset
the declines in farm products, foods and miscellaneous
commodities. Compared with last year, all major
groups showed declines in prices, except fuels, the
general index registering a decrease of 7 per cent.
Commercial indexes also recorded a decline from last
year.
The cost of living continued to register a decrease,
the general decline from a year ago amounting to
more than 2 per cent. As compared with July, the
prices for food, shelter and sundries were sufficiently
low to offset the increases in fuel and light. All items
showed a decline from last year except fuel and light.

WHOLESALE PRICE COMPARISONS, BY GROUPS
[August, 1*926, is latest month plotted]

3001 i i [ i i [ i i | i i i i uii i | i i j i i I i i | i i | M [ i i i i i | i i [ i i [ i i i i i | i i [ i i | i i i i i | i i | i i | i i i i i | J i | i i | ' i

280

METALS AND METAL PRODUCTS
1913

MONTHLY AVERAGE

REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

of cotton held at mills and warehouses were more than
| 50 per cent larger-than a year ago, and -the world
Receipts of wool at Boston in August were smaller
visible supply increased almost as much.
than in either the preceding month or the same month
RAW COTTON CONSUMPTION AND EXPORTS
of 1925. For the eight months ending August 31, an
[August, 1926, is latest month plotted]
increase of 25 per cent was registered over the same
period of 1925. Imports of wool, although smaller
than a year ago, were larger than in July, but the
total inward movement for the first eight months of
the year was 9 per cent smaller than in the 1925
period. Consumption of wool by textile mills, although smaller than a year ago, was larger than in
July.
As of the 16th of September, the cotton crop was
estimated at 15,810,000 bales, with ginnings to the
same date totaling 2,511,000 bales. Receipts of cotton into sight in August were smaller than a year ago.
Cotton imports and exports were each larger than in
More cotton spindles were active in August than
either the previous month or August, 1925. For the in either the preceding month or August a year ago,
calendar year thus far, the export movement of raw while the total activity in hours showed increases
cotton showed a decline of 7 per cent from a year ago. of 11 per cent and 8 per cent, respectively. Prices of
Consumption of cotton by textile mills was larger cotton received by the producer, although higher than
in August than in either the preceding month or the in the preceding month, were substantially lower than
same month in 1925, with the total to date increasing a year ago. Wholesale prices also showed a decline
2 per cent over the first eight months of 1925. Stocks from last year.




12
SPINDLE ACTIVITY IN COTTON MILLS
[August, 1926, is latest month plotted]

Cotton finishers reported larger production, orders,
and shipments than in either the preceding month or
a year ago, with an increase of 18 per cent in operating
activity as compared with both periods. More cotton textiles were produced in August than in the
preceding month, while unfilled orders for most types
of goods were larger at the end of August than at
the end of the previous month. Stocks of cotton
textiles almost invariably were less than on July 31.
Prices of cotton goods averaged higher than in July
but were still below a year ago.
Imports of silk, although larger than last year, were
smaller than in July, but the total to date was slightly
higher than during the first eight months of 1925.
Deliveries of silk to consuming establishments were
larger than in either the preceding month or the saiiie
month of the previous year, but for the year thus
far a decline of 2 per cent was registered. The price
of raw silk in the New York market, although lower
than a year ago, averaged higher than in July.
Imports of burlap and fiber each averaged lower
than in either the preceding month or the same
month in 1925.

AUTOMOBILES

Automobile production was larger than in either
the previous month or a year ago, both as respects
passenger cars and trucks. Exports of automobiles,
both passenger cars and trucks, were smaller than in
either the previous month or August, 1925.
NONFERROUS METALS

The mine output of copper showed practically no
change from the preceding month but was 6 per
cent larger than a year ago. Smelter output showed
increased production over both comparative periods.
Domestic shipments of refined copper were larger than
in either the previous month or August, 1925, with
the total to date showing an increase of 17 per cent
over the previous year. Stocks of refined copper,
although larger than at the end of the previous month,
were substantially below a year ago. Blister stocks,
however, were larger than a year ago but smaller than
at the end of July. Wholesale prices of copper averaged higher than in July, but lower than a year ago.
COPPER PRODUCTION AND EXPORTS

IRON AND STEEL

Shipments of iron ore from the mines were larger
than in either the preceding month or August, 1925,
with receipts at the ports and consumption showing
similar comparisons. The total output of pig iron
was slightly smaller than in July but registered an
increase of 18 per cent over the preceding year. For
the calendar year thus far, pig iron production was 8
per cent ahead of last year. Wholesale prices of pig
iron averaged lower than in either the previous month
or-a year ago.
The output of steel ingots was larger in August
than in either the previous month or a year ago with
the total for the year thus far showing an increase of
11 per cent. The output of steel sheets by independent mills was also larger than in either comparative
period. Wholesale prices of steel showed practically
no change from the previous month but were slightly
higher than a year ago.
Bookings of fabricated structural steel were larger
than in either the previous month or the same month


of the previous year, while shipments were larger than
a year ago but smaller than in July. For the calendar
year thus far, bookings were 2 per cent below and
shipments 8 per cent above their respective totals of
1925. Bookings for fabricated steel plate were larger
than in July or a year ago, while production of steel
barrels, although smaller than in July, were larger
than in August, 1925.
Orders for machine tools were smaller than in the
previous month but larger than in August a year ago.
Sales of stokers showed similar comparisons. Shipments of electrical industrial trucks and tractors were
smaller than in July. More patents were issued in
August than in the previous month or a year ago.

[August, 1926, is latest month plotted]

NUMBER OF ELECTRIC FANS SOLD J
YEAR
1916
1917. ..
1918
1919...
1920

Domestic
270, 604
386,314
576, 934
583, 964
704, 494

Export
31, 860
44 231
43, 749
48, 631
103, 757

YEAR
1921 2
1922
1923 22
1924
1925 2

Domestic
494
547
657
639
881

740
454
570
617
025

Export
36 801
41* 899
42*699
65 698
37 676

1
Compiled by the Associated Manufacturers of Electrical Supplies, Fan Motor
Section.
2
For "fan-year" ending Sept. 30 of year indicated.

13

Deliveries of tin to consuming establishments were
smaller than in either July or a year ago. Stocks
and imports of tin showed similar comparisons.
Wholesale prices of pig tin averaged higher in August
than in either the previous month or in August, 1925.
Lead production was larger than in either the previous month or August of last year. Ore shipments
from the Joplin district, however, were smaller than
in either comparative period. The price of lead
averaged higher than in the preceding month but was
lower than a year ago.
More zinc retorts were in operation at the end of
August than on July 31. Zinc production in August
was larger than in either the previous month or a
year ago, while stocks, although larger than last
year, showed a decline of 21 per cent from the previous month. Shipments and stocks of zinc ore in
the Joplin district were smaller than in either July or
a year ago. Wholesale prices showed similar comparisons.
New orders received for enameled sanitary ware,
although smaller than a year ago, were larger than in
July. Shipments also showed similar comparisons.
Stocks of sanitary ware at the end of August, although
smaller than at the end of the previous month, were
larger than a year ago, with the exception of miscellaneous goods, which registered a decrease from
1925. Unfilled orders for baths and small ware at
the end of August were smaller than at the end of
the previous month or a year ago. More furnaces
making household enameled ware were active than in
July.
Sales of band instruments, with the exception of
cup mouthpieces, declined from the previous month
and, with the exception of wood-wind instruments,
also decreased from a year ago.
PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE
[August, 1926, is latest month plotted]

periods. Coke production, both beehive and byproduct, was smaller than in July but larger than in
August, 1925. The wholesale price of chestnut coal,
although higher than a year ago, showed no change
from the previous month. Wholesale prices for Connellsville coke averaged higher than in July but lower
than a year ago.
HIDES AND LEATHER

Imports of hides and skins were slightly larger than
in July, in spite of the decline in goatskins and sheepskins, while all classes except goatskins increased over
a year ago. Prices of hides continued to advance but
were still lower than a year ago.
Exports of both sole and upper leather were less
than in July, sole leather also declining from a year
ago.
More shoes were produced in August than in any
month since March, and their output was also larger
than a year ago. Exports, however, declined from
both periods. Prices showed no change from July.
RUBBER

Rubber imports declined, both from July and from
a year ago, while prices averaged about the same as
in July. Tire production and shipments exceeded
the July figures, but stocks were less except for solid
tires. Compared with a year ago, tire production
declined, except for a slight increase in pneumatics,
while shipments and stocks were greater.
PAPER AND PRINTING

Newsprint paper output declined slightly from July
in both the United States and Canada, but was much
larger than a year ago. Shipments showed similar
tendencies, but were smaller than production in August; thus mill stocks at the end of the month increased
in both countries, but were considerably less than on
August 31, 1925. Imports increased over July and
were much larger than a year ago.
NEWSPRINT PAPER PRODUCTION AND MILL STOCKS
[August, 1926, is latest month plotted]

FUELS

Production of bituminous coal was larger than in
July or a year ago. Anthracite coal output, on the
other hand, showed declines from both comparative



14
New orders and shipments of sales books in August
were the largest in several months, exceeding also the
corresponding month of last year. Reports on
coated book paper showed increases over July in
production, orders, and unfilled orders, while shipments declined. All these items were larger than a
year ago.
The output of paperboard shipping boxes increased
over both the previous month and a year ago.
BUILDING

CONSTRUCTION

A slight decline was noted in several indexes of
construction costs, but the brick construction index
with steel frame showed an increase. This latter
index, however, alone showed a decline from a year ago.
Building contracts awarded in August exceeded
those of July in both value and floor space except for
the floor space of industrial and educational buildings.
Contracts were less than those awarded in August,
1925, except for industrial buildings and, as far as
value is concerned, for educational buildings and public works and utilities. Canadian contracts declined
from July but increased over a year ago, while fire
losses in the United States and Canada showed the
same tendencies.
LUMBER

Face^brick production, shipments, stocks and unfilled orders declined from July but increased over a
year ago. Paving brick showed declines from July
in the same items except production and also cancellations, while only orders and cancellations increased
over a year ago. Large increases occurred over both
periods in new orders and unfilled orders for vitreous
china plumbing fixtures, while shipments declined
slightly and stocks, though somewhat less than at
the end of July, were much larger than a year ago.
Bookings of architectural terra cotta declined from
both periods.
Slight declines were made from July in production,
shipments and stocks of Portland cement, but all
these items increased over August, 1925, especially
stocks. Prices remained unchanged. Concrete paving awards increased over both periods.
PRODUCTION, SHIPMENTS, AND STOCKS OF CEMENT
[August, 1926, is latest month plotted]

PRODUCTS

Except for an increase in orders, Southern pine
items decreased slightly both from July and from a
year ago. Douglas fir production and shipments were
larger than in July, while new orders were less, but
all three items declined from a year ago. Redwood
production, shipments, and orders were much larger
than in July, but showed little change from a year
ago. Shipments of both California white pine and
western pine increased over both periods, production
increasing over July and decreasing from August,
1925, while stocks were larger than a year ago, California pine gaining over July and western pine declining. Northern pine lumber production and shipments
declined from both periods, orders increasing over
July but declining from a year ago. Hardwood
production, although the same as in July, increased
over a year ago; shipments and stocks gained over
both periods. Lumber exports also increased.
All flooring items increased over July except stocks
of oak flooring, while from a year ago, production and
stocks increased, orders and unfilled orders declined
and shipments increased for maple flooring and
declined for oak flooring.
Furniture manufacturers in the Grand Rapids district showed declines in new orders and unfilled orders
from July but increases in shipments, plant operations
and outstanding accounts. Compared with a year
ago, shipments, plant operations, and unfilled orders
increased and the other items declined.



STONE, CLAY, AND GLASSJ PRODUCTS

Orders and shipments for glass containers were less
than in July, while production, stocks, and unfilled
orders increased.
CHEMICALS AND OILS

Sulphuric acid exports were much smaller than in
July but larger than a year ago. The price showed
no change from the July average. Imports of nitrate
of soda and potash and exports of fertilizers were
larger than in July and, except for nitrate imports,
were larger than a year ago. Exports of vegetable
dyes were 157 per cent larger than in July, while
coal-tar dyes showed a decline; both were larger than
in August, 1925. Price indexes of oils and fats, chemicals, and essential oils were all lower than in July,
drugs showing no change.
Receipts of naval stores showed the usual seasonal
decline in August but increases occurred over a year
ago. Stocks of turpentine increased considerably
during August, while rosin stocks were slightly lower
and much lower than a year ago. Prices of both
turpentine and rosin averaged higher than in July.

15
Vegetable oil exports were much smaller in August
than in either the previous month or a year ago, while
imports declined from July but increased over a year
ago. Oleomargarine consumption was slightly higher
than in August, 1925. Cottonseed stocks and cottonseed oil production and stocks, though seasonally
increasing over July, were much lower than a year
ago. The price of cottonseed oil declined from the
July average.
Flaxseed'receipts and shipments and linseed oil and
cake shipments increased over July but, except for
linseed oil, were much lower than a year ago. Stocks
of flaxseed were reduced during August but almost
double those on hand a year ago.
CEREALS

Receipts, shipments, exports and stocks of wheat
were all considerably higher than in August, 1925.
Exports of flour were also higher than a year ago.
Prices of wheat and flour declined, both from August
1925, and July, 1926.
Receipts and shipments of corn were less than a
year ago, but the visible supply on August 31 was
three times as large as in 1925. Corn grindings and
exports were also larger than a year ago. The price
of com averaged higher than in July but less than a
year ago.
Receipts, exports and stocks of oats all declined
from a year ago, while prices were lower than in both
comparable periods.
Barley receipts and exports were much lower than
in August, 1925, but stocks at the end of August
increased over last year. The price of barley averaged
less than in July.
Receipts of rye were slightly above a year ago, but
stocks were much higher and exports lower. The
price of rye also declined from July.
Mill shipments of rice were slightly less than in
August, 1925, while stocks and exports were much
higher. Imports declined but still exceeded exports.

MEATS AND DAIRY PRODUCTS

The movement and slaughter of cattle and calves,
exports and storage holdings of beef, and prices of
beef products were all much less than in August, 1925.
The hog and sheep figures, however, all showed
increases over a year ago, except prices, but smoked
hams sold higher than in August, 1925.
Poultry receipts increased over a year ago but stocks
declined. The catch and stocks of fish both increased
over August, 1925.
Both butter and cheese had larger stocks in August
than a year ago, but declined in receipts and prices.
Eggs, on the other hand, had larger receipts and
smaller stocks.
INSPECTED SLAUGHTER OF CATTLE, CALVES, SHEEP, AND HOGS
[August, 192C, is latest month plotted]

RELATIVE RECEIPTS OF BUTTER, CHEESE, AND EGGS AT
PRIMARY MARKETS
[1919 monthly average=700. August, 1926, is latest month plotted]
300
200

WHEAT RECEIPTS, EXPORTS, AND VISIBLE SUPPLY
[August, 1926, is latest month plotted]




20

16
SUGAR, COFFEE, AND TEA

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

Sugar imports, including receipts from territories,
were about the same as in July, but lower than a year
ago. Meltings declined slightly from July but
increased over a year ago. Refinery stocks of raw
sugar made a seasonal decline, but were 45 per cent
higher than on August 31, 1925. Exports of refined
sugar declined from July and were almost 90 per cent
less than a year ago. Raw sugar was unchanged in
price from July; refined granulated averaged lower at
wholesale but higher at retail. Cuban receipts of
raws were less in August than a year ago, but exports
and stocks in Cuba were larger.
Imports of coffee were larger than in either July,
1926, or August, 1925, while stocks rose during August
but were less than a year ago, both for this country
and for the world.
Tea imports, though increasing over July, were less
than in August, 1925.
RAW CANE SUGAR: TOTAL IMPORTS, MELTINGS, AND REFINERY
STOCKS
[August, 1926, is latest month plotted]

1920

1 9 2 1 I 1 9 2 2

'

!923

I 1 9 2 4

1925

RAILROAD TIES PURCHASED: 1925 AND 1923

1

1925
1923 ._

PURCHASED BY STEAM
RAILROADS

PURCHASED BY ELECTRIC RAILROADS

Treated

Untreated

Treated

111,351,759
135,976,117

13,193,
120
' ( 2 )'

91, 970, 680
129, 133, 347

1, 174, 312
(2)

Untreated

5, 013, 647
6, 842, 770

Compiled by the Bureau oj the Census.
Not reported separately; included with untreated ties.

YEAR

25
23...
1

1926

Total

YEAR

1
2

I

l

!

Total

!

3.281,514
3, 060, 794

i

Cedar

1, 692, 870
1, 704, 247

Chestnut

775, 263
808, 509

Pine

675, 730
402, 393

All other

136, 651
145, 645

Compiled by the Bureau oj the Census.

DISTRIBUTION MOVEMENT

TOBACCO

• Consumption of tobacco products as measured by
tax-paid withdrawals was larger than in July or a
year ago, cigarettes gaining 16 per cent over August,
1925. Exports of leaf tobacco declined from both
periods, but cigarette exports increase.
SHIPPING
Clearances of vessels in foreign trade were less than
in July but greater than a year ago, American vessels
declining and foreign increasing in both comparisons.
The output of vessels increased in August and was
much higher than in August, 1925.
RAILROADS

Freight-car surplus showed a seasonal reduction in
August but little change from a year ago. No shortage of cars was reported. Car loadings were slightly
higher than a year ago, due to increases in the grain,
ore, merchandise, and miscellaneous groups.
The number of bad-order cars and locomotives was
much less than a year ago. Shipments and unfilled
orders of locomotive manufacturers declined from
July but increased over a year ago, although domestic
unfilled orders were larger than on July 31.


Sales by mail-order houses increased slightly over
July and were 12 per cent higher than a year ago.
Sales of the principal 10-cent chains exceeded a year
ago by 4 per cent, approximately the same relative
increase as in the number of stores operated. Most
10-cent chains had lower sales than in July. Both
magazine and newspaper advertising increased over
August, 1925, although magazine advertising declined
from July. Postal receipts were slightly less than in
July, but averaged 7 per cent above a year ago.
SALES BY MAIL-ORDER HOUSES AND 10-CENT CHAIN STORES
[August, 1926, is latest month plotted]

17
LIFE INSURANCE

Life-insurance business placed in August declined
both from July and from a year ago in number of
policies and in value. Both industrial and group
insurance showed increases in policies and industrial
insurance in value only as compared with both periods.
For the year to date, however, increases were noted
in all lines over the corresponding 1925 period. Sales
of ordinary insurance declined from July in all districts, but chiefly on both the eastern and western
coasts. Compared with a year ago the declines in
the eastern and western districts were great enough to
counterbalance the gains in the other districts.
BANKING AND FINANCE
Check payments were smaller than in July, the
usual seasonal condition, but increased over August,
1925. Outside of a large increase in bills discounted
the changes in Federal reserve bank items were small.

A comparatively small increase took place in member
bank loans in August; deposits also gained and investments were less. Interest rates were generally
higher than in July and also above a year ago. More
loans to New York brokers were outstanding on
August 31 than a month previous.
LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS
{August, 1926, is latest month plotted]

BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS
[August, 1926, is latest month plotted]
3,000)

2,500

cn
J 2,000

p-BILLS DISCOUNTED

O 1,500
w

z.
O

J 1.000

-INVESTMENTS—

2
500

1920

1921

1914
1915

http://fraser.stlouisfed.org/
11529—26f
Federal Reserve Bank of St. Louis

!923

1922

1924

1925

1926

The public debt continued to be reduced in August.
Customs receipts increased both over July and a year
ago, as did ordinary expenditures of the Government,
but receipts were less. A slight increase took place
in money in circulation over both periods.
Fewer failures occurred than in July, both in number and liabilities, manufacturing establishments alone
showing increases. Compared with a year ago, failures were greater in number except for agents and
brokers, while liabilities were less, owing to the%tecline of 44 per cent in liabilities of failed manufacturers.

BUSINESS FAILURES, BY CLASSES OF ESTABLISHMENTS
[Data plotted are 12 months' moving monthly averages. August, 1926, is latest month plotted]

1916

3

1917

The output of new security issues, corporation, municipal^ and Canadian, declined from both the previous month and a year ago, but new incorporations increased o^Ver July, though declining from August, 1925.
Stock prices on the whole averaged higher than in
July and also higher than a year ago, while bond
prices. ,averaged lower than in July, except for the
highest-grade rails, industrials, and foreign governments, and were above the August, 1925, levels, with
the exception of; foreign governments, which were
slightly lower.

Imports of merchandise into the United States
declined slightly, both from July and from a year ago.
Exports increased over both periods, standing at the
highest point since last April.
IMPORTS AND EXPORTS OF MERCHANDISE
[August, 1926, is latest month plotted]

GOLD AND SILVER

Domestic gold receipts at the mint increased considerably over both the previous month and a year
ago, while the Rand output declined from July and
was higher than in August, 1925. Large exports of
gold restored on a much larger scale the export balance, which had prevailed in the spring.
GOLD TRADE BALA&CE, SHOWING EXCESS OF IMPORTS OR
EXPORTS
[August, 1926, is latest month plotted]

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

1925

1923

PERSONS EMPLOYED

Percent incent in- crease
crease i over
19231

Per

Thousands of
dollars

Silver output increased over July and also over a
year ago, while little change occurred in the volume
of exports or imports. The price of silver averaged
less than in July.
FOREIGN TRADE AND EXCHANGE

Relatively large gains were made in French and
Belgian exchange over July, while Asiatic exchanges
made smaller relative increases. Other exchanges
were unchanged or slightly lower. Compared with a
year ago European exchanges, except British, were
lower, as was exchange on India, while other countries
showed increases in the exchange rate.

Ammunition and related products
.Artificial leather
Billiards and pool tables,
bowling alleys and accessories..Corsets
Cotton—lace goods
Dressed furs
Firearms
Flax and hemp, dressed
Fountain and stylographic
pens
-.
Haircloth
Linoleum, asphalted felt base
floor coverings and oilclothsRubber boots and shoes
Rubber tires and inner tubes._
Sandpaper, emery paper, and
other abrasive paper and
cloth
Soda-water apparatus
Steam and electric railroad
cars
Theatrical scenery and stage
equipment
Window and door screens and
weather strips
Wool carpets and rugs, other
than rag

Per cent minimum month
is of maximum month
1925

1923

41, 707
40,932

51,509
33, 558

-19.0
22.0

-25.7
8.0

87.1

86.1
77.9

5,506
77, 215
30, 844
25, 423
15,179
398

6,236
78,048
35, 792
25, 467
17, 665
281

-11.7
-1.1
-13.8
-0.2
-14.1
41.6

16.7
-10.1
-4.1
-2.8
-27.9
12.9

78.0
88.7
91.2
76.4
84.2
21.6

79.1
82.3
91.7
73.8
88.7
27.5

24, 014
2,746

20, 239
3,734

18.6
-26.5

2.6
-28.9

80.3
84.0

91.0
82.2

95, 375
115,935
925, 033

95, 526
131, 740
644,194

-0.2
-12.0
43.6

-7.1
-15.1
10.4

79.5
83.2
85.1

96.4
88.2
69.7

15, 623
23,360

13, 753
18,169

4.6
-2.9

93.5
91.6

93.4
79.4

378, 507

604,350

-37.4

-39.1

71.5

87.9

2,542

1,626

56.4

36.7

76.7

67.3

22,158

21, 256

4.2

1.9

78.4

76.4

188,903

199,481

-3.8

90.5

97.7

i A minus sign (—) denotes decrease.

ERRORS IN THE AUGUST SEMIANNUAL ISSUE

On page 49, the unit of measure under gasoline should read "thousands of gallons" instead of "thousands
;
ofcjollars."
;
!
On page 87, the column on consumption of milk in oleomargarine contains wrong figures. The correct
figures for this item are shown in the March, 1926, issue, page 25. Later figures for 1926 are as follows, in
thousands of pounds:




January
February.
March...
, April.,

I—,-- ;

6, 616
5,972
.
6, 522
— . 5, 690

May
June
July
August

5, 134
5,250
4,690
4, 651

19

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
-etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given.
The function of index and relative numbers is explained on the inside front cover. A condensed form of this
table is given on page 9.
PER CENT INCREASE (+)
OR DECREASE (— )

1936

1925

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

June

180

73

94

99

116

99

116

156
216
137
122
273
150
188
142
131
145

62
105
41
0
0
17
78
38
57
80

139
213
96
106
202
138
173
121
73
116

145
215
102
116
217
136
165
126
94
114

151
214
116
121
217
135
164
122
89
126

144
196
108
122
223
140
168
127
69
110

138
253
143
177
153
245
390
185
190

80
19
58
64
54
30
21
45
94

120
115
85
94
71
171
91
146
155

111
215
96
75
75
111
91
141
147

107
115
109
68
91
88
88
155
143

246
242
254
405
310
170

49
43
58
50
19
19

55
79
147
83
12
19

69
104
113
162
14
25

136
137
164
267
149

61
59
51
20
24

134
133
101
251
89

136
137
129
130
151
166
115
127
191
174
195
135
156

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

129
129
119
94
107
153
79
112
167
157
183
124
153

August

Aug., 1926

Aug., 1926

from
July, 1926

Aug., 1925

122

+ 5.2

+ 5.2

150
206
112
115
254
143
176
126
84
99

156
211
119
112
273
143
176
137
99
107

+ 4.0
+ 2.4
+ 6. 2
-2.6
+ 7.5
0.0
0.0
+ 8.7
+ 17.9
+ 8. 1

+ 3.3
-1. 4
+ 2.6
-7.4
+ 25.8
+ 5.9
+ 7.3
+ 12.3
+ 11.2
-15. 1

121
127
91
84
85
178
108
161
148

115
253
89
76
77
117
106
170
152

111
133
97
75
100
91
117
185
148

-3.5
-47.4
+ 9.0
-1.3
+ 29.9
-22.2
+ 10.4
+ 8.8
-2.6

+ 3.7
+ 15.7
-11.0
+ 2. 9
+ 9. 9
+ 3.4
+ 33.0
+ 9.7
+ 3. 5

106
138
105
152
75
56

63
87
175
70
20
26

103
175
138
224
12
20

114
169
102
240
48
43

+ 10. 7
-1.7
-26. 1
+ 7.1
+ 300. 0
+ 115. 0

+ 7.5
+ 24.6
-2.9
+ 57.9
-36.0
-23.2

126
124
92
261
93

132
135
71
231
93

128
125
100
263
88

119
118
72
271
85

124
126
62
258
92

+ 4.2
+ 6.8
-13.9
-4.8
+ 8.2

-6.1
-6. 7
-12.7
+ 11. 7
-1. 1

129
128
114
95
105
148
82
106
172
160
189
127
156

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

131
131
126
97
129
149
80
124
169
170
181
135
141

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

136
136
120
97
135
154
89
122
178
172
176
132
156

+ 7.1
+ 7.1
-2.4
+ 2.1
+ 8.0
+ 6.9
+ 14. 1
-0.8
+ 1. 1
-1. 1
+ 1.7
+ 3.1
+ 18.2

+ 11.5
+ 11.5
+ 9.1
+ 6.6
+ 16.4
-3.7
-1. 1
+ 15. 1
+ 4. 1
+ 9.6
-5.4
+ 6.7
+ 11.9

July

August

June

July

from

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

Grand total.

_
MINERALS

Total _ „ _ Petroleum.
Bituminous coal
Anthracite coal
Iron ore*
Copper
Lead
Zinc _ _ _
Gold
Silver

__

__

ANIMAL PRODUCTS (marketings)
Total
___
Wool*
Cattle and calves
Hogs _
Sheep
Eggs*
.
Poultry*
_ _ _ _ ___
Fish
Milk (New York)
CROPS (marketings)

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

_ _

FOREST PRODUCTS

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

Grand total (adjusted for working days)
Grand total (unadjusted)
_ _
Foodstuffs
Textiles
__ _
Iron and steel
Lumber
Leather _ _
Paper and printing
Chemicals, oils, etc
Stone and clay products
Metals, excepting iron and steel
Tobacco
Miscellaneous

' Fluctuations between maximum and minimum due largely to seasonal conditions.




20
INDEXES OF BUSINESS—Continued
1925

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

June

184
310
189
121
185

91
73
89
58
86

143
182
102
76
178

168
250
202
115
179

84
70
68
56
88

116
112
153

PER CENT INCREASE (+)
OR DECREASE (— )

1926

)

August

Aug., 1926,
from
July, 1926

Aug., 1926,
from
Aug., 1925

166
256
120
89
172

183
310
127
86
177

+ 16.2
4-21. 1
+ 5.8
-3.4
+ 2.9

+ 28.9
+ 96.2
+ 6.7
+ 10.3
-4.3

157
237
109
79
171

150
203
98
97
173

145
191
89
97
170

-3.3
-5.9
-9. 1
0.0
-1.7

+ 16.9
+ 57.9
+ 1. 1
+ 6.6
-1.7

52
36
121

48
36
98

48
37
94

49
36
99

+ 2.1
-2. 7
+ 5.3

-7. 7
0.0
-18.2

83
99
47
85
111
85
79

87
98
65
83
108
106
79

84
105
59
86
116
77
80

82
98
52
84
114
78
78

87
98
69
83
114
101
81

+ 6.1
0.0
+ 32.7
-1.2
0.0
+ 29. 5
+ 3.8

0.0
0.0
+ 6.2
0. 0
+ 5. 6
-4. 7
+ 2. 5

103

87

89

107

98

98

0.0

84
55
119
109
106
109
72

187
99
254
167
134
184
152

183
104
259
166
136
181
122

195
128
243
171
142
202
120

204
118
309
187
152
204
153

206
108
312
198
155
210
145

204
121
295
195
148
194
124

-1.0
+ 12. 0
-5. 4
i.. o
-4. 5
-7. 6
-14. 5

+ 4. 6
-5. 5
+ 21.4 ;
+ 14.0 ;
+ 4.2
+ 4. 0 ,
+ 3. 3

226
154

80
100

126
129

95
124

98
131

130
131

99
125-

105
130

+ 6.1
+ 4. 0

+ 7. 1
-0.8

102
107
103
104
103
105
104
105
105
107
108
103
107

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

90
89
88
87
94
86
99
87
101
96
91
90
91

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

! 8991

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

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

+ 1.1
+ 1. 1
+ 2. 5
+ 1. 1
0.0
+ 3.4
0.0
+ 2.2
+ 2.0
+ 1. 1
-3. 6
0.0
+ 2. 2

+ 1.1
0.0
-5.7
+ 8. 2
-1. 1
-4.3
+ 3. 0
+ 4. 4 ;
+ 4. 0
-1. 0 • ;
10 0
0.0

July

August

June

133
149
100
83
173

142
158
119
78
185

162
240
132
81
169

136
164
89
76
179

125
122
84
91
176

124
121
88
91
173

40
32
25

51
37
106

51
36
113

126
129
136
135
133
150
1
89

60
59
43
62
88
58
i 46

83
105
54
84
110
82
79

170

49

427
214
332
225
212
282
188

July

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

Raw f oodstuff s
- Raw materials for manufacture
Manufactured foodstuffs
Manufactured commodities
(Unadjusted index)

Total
. _-- - - - - - Raw foodstuffs _
Raw materials for manufacture
_
Manufactured foodstuffs
_
Manufactured commodities
UNFILLED ORDERS
(Relative to 1920 monthly average as 100)
(Iron, Steel, and Building Materials)

Total (8 commodities)
__
- Iron and steel
Building materials
WHOLESALE TRADE

-- -

(Relative to 1919 monthly average as 100)
(Distributed by Federal Reserve Districts)

Grand total, all classes
Hardware (10 districts)
_ Shoes (8 districts)
_ _ - Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats
RETAIL TRADE
(Relative to 1919 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)

- -

_ _

CHAIN STORES:
Ten-cent (5 chains)
Music (4 chains)
Grocery (27 chains)
Drugs (9 chains)
Cigar (3 chains)
Candy (5 chains)
Shoe (6 chains)
DEPARTMENT STORES:
Sales (359 stores)
Stocks (314 stores)
EMPLOYMENT
(Relative to 1923 monthly average as 100)
Number employed, by industries:
Total, all classes
Food products
Textiles
__ _ _
Iron and steel _ _ _
__ ..
Lumber
Leather
Paper and printing
Chemicals
Stone, clay, and glass
_ _
Metal products other than iron and steeL
Tobacco products
Vehicles
Miscellaneous




* Since Jan. 1, 1921.

+ 10. 1

1
2
2
2
2
2
2
2
2
2
2
2
2
2

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

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

84
93
92
85
103
94
104
96
87
92
95

2 Since July 1, 1922

.+5.6

:

21
INDEXES OF BUSINESS—Continued
Maximum
since
Jan. 1,
1920

EMPLOYMENT— Continued
(Relative to 1923 monthly average as 100)
Amount of pay roll, by industries:
Total, all classes
Food products
_
Textiles
Iron and steel
Lumber
_
Leather
__
_ _
Paper and printing
Chemicals
Stone, clay, and glass _
Metal products other than iron and steeL
Tobacco products
Vehicles
Miscellaneous
_
_•_ _

Minimum
since
Jan. 1,
1920

June

July

PER CENT INCREASE (+)
OR DECREASE (— )

1926

1925

August

June

•July

August

Aug., 1926
from
July, 1926

Aug., 1926
from
Aug., 1925

105
107
106
108
106
108
113
106
112
110
112
107
112

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

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

92
93
85
89
100
82
103
91
106
97
92
93
93

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

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

96
94
81
98
100
83
111
100
112
98
89
95
100

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

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

+ 4.4
0.0
+ 6. 6
+ 2.2
+ 5.3
+ 8.0
0.0
+ 2. 1
+ 6.7
+ 2.2
-1.2
+ 8.0
+ 3. 1

235
283
373
186
215
304
180

110
88
108
91
122
76
74

148
164
184
139
132
183
86

149
152
178
148
134
186
88

152
157
178
149
139
186
96

139
130
216
154
130
132
81

135
125
195
152
131
126
81

132
128
166
144
130
130
81

-2.2
+ 2.4
-14. 9
-5.3
-0.8
+ 3.2
0.0

-13.2
-18. 5
-6. 7
-3.4
-6.5
-30. 1
-15.6

248
243
248
346
281
203
300
213
275
208

138
114
131
171
162
109
155
121
162
111

157
155
155
188
173
126
171
133
170
138

160
162
157
189
172
126
170
133
169
143

160
163
159
190
170
127
172
135
169
138

152
144
157
175
179
125
171
131
162
123

149
151
141
138
154
151
175
173
177 . 180
127
126
172
172
131
131
161
161
122
123

-1.3
-2. 1
-1.9
+ 1.2
+ 1.7
+ 0. 8
0.0
0.0
0.0
-0.8

-6.9
-15.3
-5.0
-7.9
+ 5.9
0.0
0.0
-3.0
-4.7
-11.6

218
227

134
115

162
150

164
155

162
153

154
138

153
137

153
138

0.0
+ 0.7

-0.6
-9.8

205
219
186
288
3
179
208
123
192

155
139
143
153
3
156
174
118
171

167
155
182
174
157
175
121
175

169
160
179
175
157
176
121
175

169
160
179
175
158
177
121
175

167
160
176
174
158
179
118
172

166
157
176
173
158
179
118
174

165
156
175
173
160
180
121
173

-0.6
-0.6
0. 6
0.0
+ 1.3
+ 0. 6
+ 2.5
-0.6

-2.4
-2.5
-2. 2
-1. 1
+ 1.3
+ 1.7
0.0
-1. 1

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

+ 4.4
+ 1. 1
-6. 9
+ 9.2
+ 3.1
0.0
+ 6.9
+ 5. 3
+ 5.7
-4. 1
-8.7
+ 5.6
+ 7.5

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

Grain. _
_
_
Fruits and vegetables
Meat animals
Dairy and poultry _ _
_
Cotton and cottonseed
Unclassified
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1913)
All commodities
Farm products
Food, etc
Cloths and clothing
_
Fuels
._.
Metals and metal products
Building materials
Chemicals
House-furnishing goods _ _
_
_ _
Miscellaneous
Commercial Indexes
(Relative to 1913)
Dun's (1st of following month)
Bradstreet's (1st of following month)
COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted. _ _ _
Food (Dept. Labor)
Shelter
._
_ ___
Clothing
Fuel and light. _
FueL__
Light
___
Sundries




» Since July 1,1922.

» Since Jan. 1, 1923.

22

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS
GROUPED BT FEDERAL RESERVE DISTRICTS
[ Table continued on p. 9$\

YEAR AND MONTH

1919 average, millions
of dollars
1919 monthly
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

BOSTON DISTRICT
U.S.
TOTAL,
141
ProviCEN- Total,
11 Boston Hartdence
TERS centers
ford

PHILADELPHIA DISTRICT

NEW YORK DISTRICT

New
Haven

Total,
Albany Buffalo Roches7
ter
centers

New

York

Total, Phila- Scran10
centers delphia ton

Trenton

37, 446

1,769

1,245

92

144

72

20, 917

87

263

120

20, 354

1,625

1,373

53

43

average. 100.0
average. 106.0
average.
88.7
97.8
average.
average. 103.2
average. 109.5
average. 126.8

100.0
109.2
102.4
105.5
117.1
120.9
136.7

100.0
105.9
106.7
109.3
120.2
125.6
143.9

100.O
117.4
98.9
103.3
119.6
131.3
141.7

100.0
118.7
93.0
95.1
105.5
104.4
114.9

100.0
118.1
98.6
104.2
122.2
125.8
134.6

100.0
99.3
85.2
98.4
98.2
108.3
128.7

100.0
111.5
119.5
119. 5
118.3
135.0
147,7

100.0
114.8
92.8
99.6
114.8
115.0
133.3

100.0
119.2
103.3
110.0
124.2
129.0
144.3

100.0
98.8
84.8
98.3
97.6
107.9
128.3

1OO.O
113.3
95.9
102.5
114.3
116.8
129.5

100.0
112.4
93.8
101.7
111.9
114.3
128.1

100.0
124. 5
122.7
109.4
139.6
142.3
138.9

100.O
125.6
111.6
118.6
137.2
146.5
159.6

133.4
110.8
127.1
119.0
124.4
129.8
125.6
115. 2
120.8
141.4
129.1
145.2

151.8
121.9
128.9
131.5
128.5
134.3
133.6
120.9
121.8
164.2
149.5
153.3

162.3
128.8
133.8
137.4
134.3
139.6
138.4
126.1
128.0
177.2
160.0
161.0

144.6
121.7
134.5
134.8
133.7
148.9
152.2
131.5
129.4
151.1
147.8
170.7

129.1
106.2
112.5
113.2
112.5
114.6
112.5
102.8
101.4
126.4
120.1
127.8

137.5
118.1
137.5
129. 2
129.2
138.9
144.5
129.2
127.8
148.6
134.7
140.3

136.3
113.6
129.9
118.2
129.0
132.7
125.6
114.8
120.1
142.5
132.8
148.9

135.6
111.5
203.4
163.2
163.2
164.3
142.5
134.4
127.5
149.0
118.3
159.7

138.0
106.8
119.8
129.3
135.0
133.8
140.7
133.1
128.1
158.5
137.3
139.5

167.5
135.0
139.2
135.0
139.2
164 2
145.8
125.0
137.5
156.7
134.2
151.7

136.0
112.6
129. 6
117.6
128.6
132.3
125.1
114.3
119.7
142.1
132.7
148.9

133.7
109.5
129.6
124.6
127.4
141.4
131.6
118.5
124.7
141.5
123.6
148.0

132.3
108.0
128.7
122.1
126.2
140.8
128.8
115. 7
123.0
140.0
122.8
148.9

158.5
126.4
147.2
143.4
139.6
156.6
147.2
139.6
135.9
137.8
111.3
122.7

148.9
132.6
139.6
151.2
158.2
167.5
176.8
151.2
160.5
174.5
160.5
193.1

144.6
119.7
150.7
138.4
128.2
135.3
137.1
125.5

159.1
123.0
147. 4
151.9
144.3
147.6
149.5
124.9

169.6
130.1
156.9
164.9
155.8
158.8
161.7
132.3

175.0
142.4
166.3
156.5
151.1
163.1
162.0
137.0

131.2
99.3
111.1
111.8
109.7
109.0
112.5
93.0

145.8
119.5
148.6
138.9
136.1
138.9
147.2
134.7

150.2
122.1
161.7
144.0
130.9
139.0
136.6
128.9

142.5
147.1
171.2
170.1
197.6
150.5
171.2
131.0

154.7
120.5
135.7
138.0
126.6
148.3
155.5
127.7

159.2
129.2
146.7
144.2
135.5
160.0
154.2
127.5

150.0
121.9
162.2
144.0
130.5
138.5
135.9
128.9

139.2
116.4
143.0
138.1
127.9
136.1
164.3
118.8

139.0
116.2
141.3
136.6
126.4
135.0
137.8
115.9

132.1
103.8
152.8
147.2
137.8
145.3
149.1
145.3

169.8
169.8
169.8
158.2
162.8
167.5
174.5
148.9

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

i

!

!

ATLANTA DISTRICT
YEAR AND MONTH

1919 average, millions
of dollars

BirTotal,
15
Atlanta mingham
centers

New
Orleans

Jacksonville

CHICAGO DISTRICT
Nashville

Augusta

Total,
21
centers

Chicago

Detroit

MilIndian- wauapolis
kee

Grand
Des
Moines Rapids

Sioux
City

928

123

59

304

48

93

37

4,242

2, 800

525

136

237

83

75

63

1919 monthly average. _ 100.0
1920 monthly average __
115.1
1921 monthly average. _
84.2
1922 monthly average _ _
86.0
1923 monthly average. _ 100.0
1924 monthly average. _ 105.3
1925 monthly average. _
125.0

100.0
108.9
85.4
90.2
108.9
113.1
129.2

100.0
128.8
103.4
133.9
183.1
199.3
226.7

100.0
115.4
82.2
89.5
97.4
106.4
118.2

100.0
125.0
91.7
97.9
112.5
126.5
206.2

100.0
120.4
105.4
71.0
78.5
79.2
87.6

10O.O
110.8
64.9
70.3
83.8
74.6
78.2

100.0
116.0
92.0
96.8
108.8
110.8
124.9

100.O
113.0
91.7
96.2
105.0
113.8
120.4

100.0
125.2
91.2
101.3
125.7
130.6
158.3

100.0
123.5
100.0
104,4
115.4
110.8
115.4

100.0
124.0
97.5
101.7
115.6
110.5
119.4

100.0
114.5
84.4
83.1
97.6
103.2
89.9

100.0
128.0
109.3
81.3
89.3
88.4
114.1

100.0
109.5
63.5
101.6
119.0
123.4
136.9

129.5
105.2
120.8
114.4
118.3
114.2
117.7
113.5
134.9
154.2
130.1
147.3

130.1
113.8
131.7
121.1
122.8
123.6
118.7
119.5
136.6
154.5
132.5
145.5

259.3
198.3
217.0
217.0
211.9
211.9
220.4
206.8
247.5
262.7
222.0
245.8

137.8
100.3
118.7
106.2
120.4
104.6
108.9
99.3
124.3
143.4
119.7
134.5

156.2
147.9
166.6
175.0
181.2
191.6
200.0
197.9
225.0
281.2
250.0
302.0

95.7
79.6
90.3
88.2
84.9
86.0
90.3
80.6
88.2
93.5
82.8
91.4

78.4
78.4
86.5
75.7
64.9
59.5
62.2
64.9
89.2
108.1
81.1
89.2

129.4
105.6
128.5
120.9
123.7
130.2
129.0
116.6
120.7
136.1
119.9
137.9

127.4
103.0
127.4
116.3
119.5
126.0
123.8
110.6
115.1
130.1
113.0
132.8

144.4
122.5
145.5
153.5
158.3
170.3
167.8
152.4
161.9
178.7
164.0
180.0

133.1
99.3
106.6
105.1
112.5
118.4
123.5
108.1
105.1
122.1
111.8
139.0

125.7
110.1
129.1
113.5
115.6
119.8
118.6
113.1
117.3
130.4
114.3
125.7

92.8
73.5
92.8
91.6
81.9
80.7
96.4
80.7
86.8
106.0
94.0
100.0

116.0
90.6
102.6
104.0
105.3
114.6
121.3
128.0
114.6
125. 3
116. 0
130.6

160.3
134.9
150.3
141.2
130.1
134.9
133.3
128.5
117.4
139.7
120.6
141.2

144.2
120.5
151.4
133.7
121.5
119.2
124.4
113.3

139.8
122.8
161.0
132.5
128.5
' 125. 2
127.6
115.4

262.7
215.3
262.7
254.3
239.0
323.7
245.8
217.0

131.2
103.3
119.1
123.7
103.0
104.9
110.8
102.0

287.5
254.1
275.0
247.9
235.4
225.0
218.7
206.2

88.2
87.1
103.2
92.5
84.9
89.2
92.5
84.9

86.5
67.6
78.4
70.3
67.6
56.8
62.2
56.8

137.9
118.6
142.7
133.0
129.9
135.1
136.2
128.0

135.2
115.9
139.2
126.9
124.6
128.7
131.4
123.3

167.4
144.6
177.5
177.4
165.9
178.3
171.6
167.1

137.5
119.1
135.3
130.1
133.1
152.2
150.0
128.7

130.8
117.3
142.2
121.1
125.7
126.6
128.3
119.8

100.0
83.1
104.8
100.0
98.8
97.6
96.4
88.0

122.6
101.3
121.3
121.3
112.0
114.6
117.3
112.0

147.6
125. 4
163.9
131.7
125.4
136.5
131.7
119.0

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

1
Compiled from data collected by the Federal Reserve Board, this table supplements similar data published in the October, 1923, SURVEY (Bo. 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 and the April, 1926, SURVEY (No. 56), pp. 24 to 26. Subsequent comparable
data will appear in the advance reprints.




23

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS
GROUPED BY FEDERAL RESERVE DISTRICTS
[ Table continued on p. 24}
CLEVELAND DISTRICT
Total,
Cleve13
Akron Cincinland
nati
centers

1919 average millions of dollars. ..
1919
1920
1921
1922
1923
1924
1925

monthly average
monthly average
.
monthly average
monthly average. __ .
monthly average
monthly average
monthly average
,

1925
January
February _ .
.__ __
March
April
May
June __
July,...
August .
September. .
October
November
December
1936
January
February .
March
April _
May
June
July
August
September
October
November.. .
December
__

1919
1920
1921
1922
1923
1924
1925

Total,

Balticenters more

Norfolk

Rich- Charlestoil
mond

1,963

90

247

653

746

60

116

116

50

718

404

100.0
115.6
63.3
63.3
80.0
81.4
100. 0

100.0
113. 0
107.7
117.4
133.6
128.0
142.7

100.0
115.9
81.9
84.1
99.2
96.8
106. 6

100.0
118. 5
94.9
97.2
112.7
113.2
126. 4

100.0
110.0
78.3
83.3
103. 4
102.0
117.0

100.0
117. 2
100. 0
132. 8
153. 5
155. 7
178.3

100.0
111.2
102.6
112.1
128.5
116.0
126.9

100.0
104.0

100.0
111.8
95.5
89.6
98.6
96.3
106.7

100.0
115.6
104.9
89.1
93.3
93.4
104.6

128.0
104.3
116.4
122.6
114. 1
125.3
130.6
114.5
117.6
135.6
119.3
135.1

94.4
73.3
86.7
101.1
93.3
100.0
110.0
98.9
118.9
116.7
97.8
108.9

155.5
121.9
144.1
149.0
132.8
145.8
143.7
127.5
136.9
153.5
140.5
160.7

110.4
86.5
96.1
112.8
103.5
113.1
116.2
101.2
103.0
116.7
102.6
117.4

135.1
114.7
128.0
124.0
113.5
126.1
132.7
114.6
117.3
143.1
128.1
139.5

135.0
96.7
105.0
120.0
103.4
110.0
120.0
110.0
123.4
148.4
111.7
120.0

180.2
146.6
167.2
177.6
180.2
197.4
192.2
173.3
170.7
193.1
163.8
207.8

126.7
104. 3
116.4
125.9
118.1
131.0
136.2
124.1
131.9
140.5
122.4
144.8

106.9
162.0
94.0
126.0 |
102.9
150.0
104.2
154.0
100.2
146.0
164.0 ' 108. 0
110.7
188.0
100.9
154.0
156.0
105.6
116.9
162.0
142.0
107. 3
122.3
168.0

101.5
84.9
98.0
105. 7
101.0
111.9
112.9
104.0
104.0
111.4
102. 0
117.8

90.4
79.7
84.5
82.1
82.1
80.9
80.9
72.6
76.2
95.2
92.8
109.5

126. 7
109.5
116.4
105.2
103. 5
117.2
111.2
116.4
130.2
145.7
138.8
150.0

86.5
67.6
78.4
75.7
62.2
56.8
59.5
94.6
67.6
83.8
67.6
75.7

137.9
109.9
126.0
129.4
119.2
130.1
136. 1
120.2

111.1
86.7
111.1
112.2
101.1
105.5
107. 8
97.8

175.7
138.9
153.5
159.5
139.7
143.3
153.9
132.8

126.3
90.6
109.8
123. 2
105.0
115.0
126.0
108.5
_ _

136.8
117.7
130.0
123.3
119.7
134.5
131.3
116.3

123.4
96.7
108.4
121.7
113.4
111.7
131.7
120.0

200.9
169.0
182.8
185.4
180.2
194.0
208.6
197.4

146.6
111.2
127.6
151.7
135.3
144.0
149.1
134.5

188.0
146.0
182.0
176.0
160.0
172.0
210.0
166.0

115.1
100. 7
111.4
107.7
101. 1
110.0
117. 4
96.0

112.4
98.8
112.4
111.1
102.7
113.1
122.8
96.0

96.4
80.9
94.0
92.8
88.1
95.2
97.6
85.7

135.3
113.8
123.3
121.1
106.0
111.2
127.6
106. 0

78.4
70.3
78.4 •
73.0
70.3
75.7
62.2
64.9

no. o

112.0
138. 0
136. 0
156.0

84

116

37

100.0 100.0
102.3
107.8
71. 4
98.3
78.5
110. 9
88.1
112. 9
82.2
109.1
85. 6 ,
122. 4

100*0
102.7
67.6
67.6
78.4
69.6
73.0

ST. LOUIS DISTRICT

Total,

Dallas

Hous- Fort
ton
Worth

MINNEAPOLIS DISTRICT

Summary Louisville
for 5
centers

St.
Louis

Memphis

Little
Rock

Total,
St.
Duluth Minne9
apolis Paul
centers

Helena Billings

•521

161

138

92

965

156

617

136

36

659

90

354

162 :

11

9

monthly average. . 100.0
monthly average. . 117.4
monthly average. . 93.2
monthly average. . 97.9
monthly average. . 101.3
monthly average. - 102.3
monthly average. - 112.8

100.0
114.3
90.7
96.9
107.5
112.7
130.8

100.0
115.2
86.2
81.2
89.0
91.2
103.6

100.0
119.6
109.8
119.6
93.5
78.0
82.4

10O.O
105.4
89.0
94.5
110.4
110.6
124.2

100.0
92.3
82.0
87.8
101.9
106.7
120.8

100.0
106.5
91.9
94.2
108.4
108.2
120.8

100.0
107.4
73.5
87.5
106.6
101. 1
111.7

100.0
125.0
116.7
127.8
169.5
186.2
204.9

100.0
108.5
82.7
88.0
94.8
104.2
114.3

100.0
120.0
84.4
82.2
85.5
117.7
118.2

100.0
109.6
84.2
85.0
91.5
103.8
119.4

100.O
98.2
75.3
97.5
106.8
101.6
104.7

100.0
100.0
100.0
90.9
81.8
85.6
85.5

1OO.O

126.5
110.0
117.4
101.1
97.1
100.7
101.5
98.1
115.5
133.8
120.7
130.7

147.2
126.7
136.6
114.3
109.3
114.3
114.9
105.0
131.7
165.2
146.0
158.4

109.4
104.3
108.0
89.1
85.5
89.9
91.3
99.3
120.3
119.6
109.4
116.7

100.0
77.2
81.5
73.9
71.7
75.0
80.4
73.9
72.8
97.8
87.0
97.8

135.4
111.4
120.2
122.0
118.2
121.3
117.9
108.1
123.5
142.0
126.8
143.7

129.5
114.1
125.0
120.5
112.2
128.8
129.5
105.8
113.5
123.7
114.7
132.7

131.5
107.5
115.9
123.0
119.6
120.9
116.2
108.1
116.1
133. 2
120.1
137.9

131. 6
102.2
108.8
96.3
91.9
89.7
84.6
78.7
128.7
156.6
132.4
139.0

213.9
175.0
177.8
172.2
169. 5
169.5
166.7
177.8
233.4
283.4
241.7
277. 8 .

110.9
96.8
113.6
105.9
105.4
115.7
107.1
106.5
128.6
133.0
118.8
128.9

88.9
77.8
95.5
94.4
112.2
143.3
113. 3
104.4
167.8
152.2
143. 3
125.5

120.1
107.1
122.6
112.2
109.9
115.8
105.4
110. 5
134.2
137.6
120.9
136.2

108.6
90.7
110. 5
102.5
96.9
107.4
108.0
100.0
99.4
112.3
102. 5
117.9

90.3
72.7
63.6
72.7
81.8
72.7
100.0
81.8

77.8
66.7
77.8
77.8
77.8
77.8
77.8
77.8
88.9
122.2
88.9
100.0

126.8
108.2
117.6
106.3
99.2
104.8
109.6
104.2

157.8
129.2
134.2
119.3,
112.4
117.4
121.7
112.4

110.1
90.6
105.8
101.4
91.3
97.8
102.9
103.6

92.4
80.4
87.0
81.5
79.4
85.9
100.0
94.6

139.1
116.4
130.4
126.5
125.4
126.9
127.9
113.1

132.0
123.7
134.0
129.5
119.2
131.4
164.7
119.2

134.4
110,4
125. 5
123.2
124.8
125.5
124.7
107.3

132.4
104.4
116.2
105.1
101.5
101.5
100.7
92.6

244.5
.211.1
225.0
213.9
202.8
180.6
211.1
213.9

104.1
90.9
105.3
101.3
100.6
101. 6
105.0
99.2

78.9
64.4
78.9
73.3
101.1
90.0
80.0
72.2

110.5
95.2
109.9
105.9
103.4
105.4
111.6
109.3

105.6
97.5
109.3
105.6
95.7
100.6
101.9
93.8

1925
February
March
April..
_
May
June
July
August
September
October
November. ___
December

January

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

. ...

;

._ _.

centers
1919 average, millions
of dollars...

Pitts- YoungsColum- Dayburgh town Toledo bus
ton

100.0
116.4
89.6
94.6
110.9
109.4
121.0

DALLAS DISTRICT
YEAR AND MONTH

RICHMOND DISTRICT
!

YEAR AND MONTH

loo. b

109. 1
81.8
100.0
81.8
63.6
81.8
72.' 7
72.7
81.8
90.9
81.8 ,

111.1

88.9
77.8
88.9
78.7
84.3

66.7
66.7
77.8
88.9
77.8
77.8
88.9
77.8

V.
i 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, and the April, 1926, SURVEY (No. 56), pp. 24 to 26. Subsequent.comparable data will appear i n t h e advance reprints.
. . .




24

RELATIVE DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE CENTERS1
GROUPED BY FEDERAL RESERVE DISTRICTS
SAN FRANCISCO DISTRICT

KANSAS CITY DISTRICT
YEAR AND MONTH

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

1925
January
February
MarchApril _
May
June
July. ... __
August
8p,ptfiinbftr October
November. _
December

Oklahoma
City

San
Francisco

Seattle

Oakland,
Calif.

181

760

206

63

100.0
139.2
143.0
165.0
223.6
236.7
251.1

100.0
108.8
82.3
76.2
86.2
89.4
92.0

100.0
124.6
101.9
94.8
104.0
107.1
126.1

100.0
96.1
67.0
73.3
83.0
87.7
98.0

100.0
160.8
128.5
144.4
192.0
196.3
109.5

142.5
130.7
144.7
136.4
131.9
140.8
141.4
137.9
142.2
156.8
144.1
165.0

260.9
237.3
265.0
247.8
241.4
250.7
248.1
233.8
242.1
255.8
249.1
280.6

85.1
74.0
86.7
92.8
85.1
91.2
95.6
92.8
98.3
112.2
91.2
99.5

120.9
123.4
129.1
115.8
111.6
125.0
127.3
122.7
123.7
141.1
124.6
147.7

95.1
83.0
98.5
95.1
89.3
101.0
96.1
99.0
106.8
105.8
99.0
107.8

233.3
182.5
214.2
217.4
234.9
212.7
214.2
223.8
226.9
250.7
238.1
279.3

157.2
153.7
171.2
154.8
144.9
151.7
160.8
147.0

281.9
268.5
310.5
275.2
253.2
275.2
292.4
260.2

92.8
87.3
100.6
95.6
100.6
101.7
105.5
107.2

138.6
152.9
157.8
137.0
128.7
132.8
141.5
129.5

100.0
88.3
110.7
107.3
97.6
102.9
104.8
104.8

265.0
257.1
295.2
266.6
250.7
266.6
293.6
242.8

Total,
Los
18
centers Angeles

Denver

1,231

146

413

264

85

68

94

1,909

314

10O.O

_ __

109.8
82.0
84.2
90.6
85.7
95.3

10O.O
139.7
98.6
102.7
111.6
112.9
121.5

100.0
94.9
74.6
74.3
84.3
81.4
90.1

100.0
95.5
67.4
73.1
77.7
69.7
76.9

100.0
97.6
81.1
69.4
72.9
71.6
72.7

100.0
153.0
129.4
119.2
114.7
112.1
127.4

100.0
131.9
88.3
105.3
104.3
89.6
112.6

100.0
123.2
104.5
107.2
126.3
128.9
142.9

.

98.4
83.2
95.0
90.2
88.5
98.4
100.8
95.4
93.8
102.8
91.6
104.9

125.3
104.8
116.4
120.5
116. 4
127.4
119.2
119.2
121.9
137.7
119.2
129,4

89.6
77.2
89.1
85.2
81.6
89.8
99.5
93.2
88.4
99.5
89.6
98.5

81.4
70.1
79.2
72.0
74.6
80.3
79.9
78.4
77.3
82.2
69.7
78.0

90.6
68.2
72.9
64.7
64.7
76.4
74.1
74.1
65.9
74.1
65.9
81.1

130.9
111.8
132.4
122.1
125.0
126.5
129.4
114.7
119.2
136.8
130.9
148.6

94.7
92.6
116.0
108.5
105.3
123.4
122.4
113.2
117.7
113.8
102.1
141.5

99.2
84.4
98.2
94.3
92.0
99 5
115.1
101.9

119.9
104.8
121.9
119.9
111.6
119.2
139.0
120.5

93.5
78.0
87.4
85.0
84.7
89.1
115.7
101.0

72.4
67.8
83.0
73.5
73.5
78.4
81.4
79.9

78.8
64.7
75.3
65.9
70.6
77.6
78.8
69.4

150.0
125.0
141.2
129.4
128.0
141.2
147.1
132.4

136.2
107.5
133.0
130.9
127.7
136.2
145.8
130.9

1919 average, millions of dollars
1919
1920
1921
1922
1923
1924
1925

Kansas
St.
City, Omaha Joseph,
Mo.
Mo.

Total,
14
centers

.

1926
January
February
March .
April.. • „ _
May
June .
July.
August
_ _ -_
September
October
November
December

i
t

TuLs a

Portland,
Oreg.

j
|

__ _

j|

DISTRICT TOTALS— SEASONAL VARIATIONS ELIMINATED «

1919
1920
1921
1922
1923
1924
1925

YEAR AND MONTH

U.S.
total

Boston

New
York

Philadelphia

Cleveland

Richmond

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

100.0

100.0

100.0

100.0

100.0

100.0

106.0
88.7
97.8
103.3
109.5
128.5

1935
January
FebruaryMarch
April
MayJune
July
August
September. _
October
November
______
December.
1926
January
February
March
April..
May
Juno.
Julv
^__
August
September.. _ _
October
November
December

_

_

_

109.5
101.9
105.4
117.1
121.1
136.6

99.3
85.1
98.5
98.0
108.3
128.6

105.1
95.9
102.5
114.4
116.8
129.4

116.4
89.8
94.5
111.1
109.5
122.0

112.1
95.6
89.5
98.8
96.5
106.7

St.
Atlanta Chicago Louis

100.0

115. 6
84.4
85.9
99.9
105.3
124.8

127.8
128.8
125.7
119.0
124.3
125.5
126.7
125.1
127.2
132.4
126.6
128.7

142.9
141.7
129.3
135.6
129.1
129.6
132.1
137.2
134.0
150.6
141.7
135.4

129.2
132.9
127.7
119.6
126. 5
127.1
127.5
127.8
129.7
134.3
129.7
131.1

130.8
127.6
129.2
127.8
128.6
134.4
130.8
125.0
129.0
133.4
125.2
131.0

123.0
120.2
118.5
123.6
117.8
120.4
126.6
120.3
120.7
132.3
122.4
117.6

,110.0

104.1
110.6
107.5
103.0
106.3

119.4
118.5
119.8
120.3
122.5
118.1
124.2
125.8
139.9
139.0
122.4
128.2

138.5
139. 2
149.1
141. 7 i
128. 1
130. 9
138.3
136.3

149.8
143.0
147.8
156.6
145.0
141.9
147.9
141.8

142.4
142.8
159.0
145.7
128.3
133.1
138.7
143.5

136.2
135.7
142.6
141.6
129.1
129.4
163.3
125.3

132.5
126.6
128.3
130.4
123.0
124.0
131.9
126.3

111.0
117.5
115.3
114.6
104.8
108.1
116.7
99.1

132.9
135.7
140.3
140.6
125.8
123.3
131.2
125.6

103.0
109.7
106.5
110.9
103.8
105.3

100.0

Minne- Kansas
City
apolis
100.0

San
Dallas Francisco

100.0

116.1
92.0
96.8
109.0
110.8
123.8

100.0
105.5
89.1
94.2
110.3
110.5
124.1

127.1
121.0
125.7
124.5
124.7
127.3
127.3
119.6
122.2
117.7
121.8
127.0

126.2
123.4
119.7
127.0
120.6
120.2
121.2
118.5
130.0
129.7
124.4
127.8

110.2
121.9
121.1
112.8
110.1
118.0
112.5
111.3
116.4
112.3
110.3
116.1

95.2
94.8
93.0
94.2
89.7
98.6
100.5
93.4
92.6
97.0
92.0
101.2

118.1
124.9
120.2
111.6
104.4
107.5
113.3
109.1
111.6
113.7
109.1
110.4

143.8
156.0
141.4
142.8
136.5
141.9
143.1
142.0
140.8
144.0
138.5
144.5 1

135.5
135.9
139.6
137.0
130.9
132.1
134.5
131.3 •

129.6
128.9
129.9
131.6
128.0
125. 8
131. 6
124. 0

103.5
114.5
112.3
107.9
105.1
103.6
110.2
103.7

95.9
96.1
96.2
98.4
93.2
99.7
114.8
99.8

118.4
122.8
120.4
117.3
106.7
111.8
122.3
115.9

158.6
183.4
167.4
162.1
150.0
152.9
162.8
151.4

108.5
82.9
87.9
95.0
103.1
114.4

100.0

109.8
82.1
84.1
89.7
87.0
95.2

118.0
94.3
97.9
101.1
101.2
112.8

100.0

123.4
105.4
107.1
126.4
129.4
142.9

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, and the April, 1926, SURVEY (No. 56), pp. 24 to 26. Subsequent comparable
data will appear in the advance reprints.
2
Compiled from data collected by the Federal Reserve Board, supplementing similar data published in the February, 1924, SURVEY (No. 30), p. 25 (method of computation given on p. 24 of that number) and which have been carried forward since that issue in the July, 1924, SURVEY (No. 35), p. 60, and the April, 1926, SURVEY (No 56)
pp. 24 to 26. Subsequent comparable data will appear in the advance reprints.




25

TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (August, 1926), in which monthly figures for 1925 and 1926 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of the
end of the month referred to. For explanations of relative numbers, including base periods, see introduction
on inside front cover.
1926

PER CENT INCREASE (+) OR

1925

CUMULATIVE TOTAL
FROM JANUARY 1

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

31

August August,
1926,
1926,
from
from
July, August,
1926
1925

April

May

June

July

38, 905
8, 857
30,048

36, 368
13, 729
22, 639

30, 224
22, 631
7,593

50, 675
45, 162
5,513

28, 035
23.611
4,424

45,922
38, 378
7,544

34, 998
20, 559
14, 439

-44.7
-47.7
-19.8

32, 653
37, 822

24, 119
27,151

13, 395
13, 653

12, 545
13, 958

15, 305
19, 200

20, 802
26, 632

34, 449
42, 552

40, 093

36, 237

38, 249

38,236

40,859

40, 781

59
62
63
75
73

57
57
57
73
68

57
57
58
75
68

53
53
55
68
68

56
55
60
71
74

72
62

70
51

71
59

66
56

.44
1.15
1.45

.42
1.13
1.40

.42
1.10
1.40

.73
3.51

.73
3.51

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

THROUGH AUGUST

DECREASE (— )

1925

1926

-19.9
+14. 8
-69.4

233,323
106,068
127, 255

290,529
135, 489
155, 040

+24.5
+27.7
+21.8

+22.0
+37.6

-55.6
-54.9

248, 037
299,415

226, 442
263, 293

- 8.7
-12.1

42, 149

+ 6.9

-3.1

346, 342

319, 544

- 7.7

61
52
65
80
65

63
57
68
82
77

+5.7
+3.8
+9.1
+4.4
+8.8

-11.1
-3.5
-11.8
-13.4
-3.9

67
66

79
54

79
65

+1.5
+17.9

-15.2
+1.5

.43
1.14
1.40

.44
1.11
1.40

.52
1.37
1.70

.51
1.31
1.65

+2.3
—2.6
0.0

-13.7
-15.3
-15.2

.73
3.29

.73
3.29

.73
3.29

.80
3.60

3.eo

.80

0.0
0.0

-8.7
-8.6

504
13, 626

221
22, 137

131
12, 090

i 15, 810
i 2, 511
536
13, 280

154
9,927

i 16, 104
2 4, 282
780 +309. 2
+9.8
9,266

^1 3
+43.3

4,923
224, 457

4,618
240, 739

-6.2
+7.3

419, 459
516, 758

346, 774
518, 504

365, 522
460, 918

391. 329
500, 652

202, 468
483, 926

315, 825
448, 665

+23.9
+11.6

4, 167, 590
4, 283, 075

3, 865, 739
4, 357, 660

-7.2
+1.7

4,415
1,450
2,965

3,676
1,268
2,408

3,033
1,097
1,937

2,637
921
1,716

1,380
866
514

1,721
681
1,041

-13.1 +53.2
-16.0 +35.2
-11.4 +64.8

5,070
3,459

4, 315
2,763

3,686
2,284

3,183
1,989

2,343
1,113

2,232
1,099

-13.6
-12.9

+42.6
+81.0

32, 267
7,506
199
88.9

31,771
7,606
202
88.4

31, 082
6,770
180
78.9

31, 322
7,489
200
87.4

31, 737
7,310
193
84.6

31, 270
6,954
184
«80. 1

+0.8
+10.6
+11. 1
+10.8

+0.2
+7.7
+8.7
+9.1

.160
.189

.161
.186

.154
.187

.161
.187

.234
.248

.234
.238

+4.5
0.0

-31.2
-21.4

August

July

August

TEXTILES
Wool
Receipts at Boston:
Total
thous. oflbs..
Domestic
thous. of lbs_.
Foreign
thous. of lbs_.
Unmanufactured :
Imports
thous. of Ibs..
Imports, grease equivalent. ..thous. of lbs._
Consumption by textile mills,
grease equivalent
thous. oflbs _
Machinery activity, hourly:
Looms —
Wide
per ct. of hours active. _
Narrow..
.per ct. of hours active. .
Carpet and rug. per ct. of hours active. _
Sets of cards
_per ct. of hours active
Combs
_ per ct. of hours active
Spinning spindlesWoolen
per ct. of hours active. .
Worsted
per ct. of hours active
Prices:
Raw, Ohio and Pa. fleeces,
J4 blood, combing, grease.. .dolls, perlb..
Raw, territory, fine, scoured.. dolls, per lb..
Worsted yarn
dolls, per lb._
W omen's dress goods, French
serge
dolls, per yd..
Men's suitings
dolls, per yd..

II
i

Cotton
Production, crop estimate
thous. of bales
Ginnings
thous. of bales..
Receipts into sight
thous of bales
618
Imports, unmanufactured
bales33, 464
Exports, unmanufactured
(including linters)
bales. - 516, 494
Consumption by textile mills
bales- 575, 799
Stocks, domestic, end of month:
Total, mills and w 'houses. -thous. of bales. .
5,170
Mills.
_
thous. of bales
1,639
Warehouses
thous. of bales .
3,531
Stocks, world visible, end of month:
Total
thous. of bales ..
5,486
American
thous. of bales
3,805
Machinery activity of spindles:
Active spindles
thousands-32, 893
Total activity
millions of hours
8,348
Activity per spindle
hours._
221
Per cent of capacity
per cent-98.2
Prices:
To producer
dolls, per lb._
.166
In New York
dolls, per lb_.
.192

+7.1
+8.6

|

Cotton Goods
Cotton finishing: '
Billings, finished goods (as
produced) _
thous of yards
90, 938
Orders received,
gray yardage.thous. of yds..
79, 606
Shipments, finished goods
_ cases. . 49, 301
Stocks,finishedgoods
cases. . 42, 350
Operating activity
per ct. of capacity-67
Average work ahead, end of month. _ days- .
6.3
Cotton textiles:
Total (9 classes)—
Production
thous. of yds.. 193, 119
Stocks
thous. of yds-. 234, 247
Unfilled orders
thous. of yds.. 201, 412
i As of September 16.




79, 164

78, 161

65, 714

69, 554

69, 281

63,994

+5.8

+8.7

625, 180

642, 392

+2.8

69, 348
45, 715
41, 352
61
5.5

65, 072
45, 272
41, 494
55
4.2

67, 272
43, 724
40, 446
50
5.2

75, 180
44, 336
38,449 >
59 :
5.7
i

69, 364
39, 153
40, 710
52
4.4

69, 176
37, 903
41, 151
50
5.5

+11.8
+1.4
-4.9
+18.0
+9.6

+8.7
+17.0
-6.6
+18.0
+3.6

597, 804
349, 697

626, 157
376, 401

+4.7
+7.6

214, 415
246, 740
182, 101

174, 740
261, 574
160, 582

167, 365
247, 825
211,515

208,658
216, 253
270,482 ,

2

F inal estimate for 1925.

1

+24.7
— 12 7
+27.9
< Revised.

26

TREND OF BUSINESS MOVEMENT S—Continued
1926

PER CENT INCREASE (+) OR

1925

DECREASE (— )

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

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST

31

1

July

August, August,
1926,
1926,
from
from
July, August,
1926
1925

May

June

July

56, 877
30, 950 '
45, 176

44, 740
32, 244
40, 469

43, 894
29, 398
56, 303

61, 008
27, 324
65, 084

+39.0
-7. 1
+15 6

73, 534
50, 705
29, 333

54,008
61, 256
19, 161

53, 142
57, 720
46, 756

73, 016
53, 142
59, 224

+37 4
—7 9
+26.7

7,662
1,487
25, 494

6,410
2,107
26, 822

6,588
2,043
26, 080

8,879
3,046
24, 806

12, 133
21, 595
4,478

8,676
22, 691
4,137

7,735
21, 056
7,650

9,843
16, 510
10, 084

-^27.3
-21.6
+31 8

2,842
7,145
1,214

1,923
6,378
1,004

1,613
5,223
1,744

2,345
3,875
2,817

+45 4
-25.8
+61 5

8,592
4,061
16, 013

7,498
2,320
14, 078

7,694
1,900
13, 338

9,567
2, 131
10,236

+24 3
+12.2
-23.3

885
1,678
269

775
1,550
288

548
1,237
1,383

991
276
1,281

+80.8
—77 7
-7.4

5,146
6,444
9,482

5,182
7,925
8,563

4,420
7,984
8,827

5,141
8,746
8,994

+16.3
+9.5
+1.9

46, 744
122, 675
50, 642
422, 221
43, 420

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

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

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

417, 603
41, 643

402, 103
44, 502

-9.3
—16.5
+77.9
-10.9
-22.1

-24.8
-14.1

3,394,188

13, 279
8,331

14, 021
9,497

14, 050
10, 054

10, 695

16, 014
12, 344

15, 758
12, 014

+6.4

-11.0

.357
.513
.076
.095
161

.349
.500
.073
.093
157

.344
.500
.073
.089
155

.363
.500
.076
.092
157

.415
< .544
.095
.096
182

.423
.547
.095
.104
185

+5.5
0.0
+4.1
+3.4
+1.3

-14.2
- 8.6
-20.0
-11.5
-15.1

6,003
37, 276

4,614
34, 099

4,857
37, 644

6,313
39, 425

6,207
45, 943

6,246
44,013

5,894
44, 047

-1.7
+16.5

+5.3
+4.3

30, 122
25,898

31, 143
25, 323

29, 111
20, 323

27, 528
18, 665

28, 006
19, 274

35, 598
26, 505

32, 017
28,198

+1.7
+3.3

-12.5
-31.6

84.0
65.8
82.9
5.49

80.2
65.0
75.0
5.73

77.2
61.7
78.8
5.88

78.7
59.5
81.7
5.78

5.98

89.3
61.4
103.0
6.32

89.8
60.0
101.8
6.47

+3.5

68,816
34, 257

38, 339
18, 919

44, 206
17, 170

55, 258
19,975

52, 990
15, 070

52, 664 i
16, 042

61,813
21, 722

-4.1
-24.6

2,517
2,127
1,687

2,775
2,096
2,058

3,604
2,663
2,374

3,093
2,301
2,186

2,379
2,022
1,625

2,526
2,116
1,878

April

August

August

1926

1925

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

TEXTILES— Continued
Cotton Goods— Continued
Cotton textiles— Continued.
SheetingsProduction
.thous. of yds..
46, 281
Stocks
thous. of yds..
24, 561
42, 378
Unfilled orders..
thous. of yds..
Print cloth —
Production
thous. of yds
65, 747
Stocks
thous. of yds
42, 841
Unfilled orders
thous. of yds.
47, 411
Pa jama checksProduction
thous. of yds
5,624
Stocks
thous. of yds
1,360
Unfilled orders
thous. of yds..
26, 873
Drills and twills (40" and narrower)—
12, 394
Production
thous. of yds..
Stocks
....
thous. of yds..
20, 073
Unfilled orders
thous. of yds. .
4,757
Pocketing twills and jeans —
Production
thous. of yds
2,450
Stocks
thous. of yds
7,573
Unfilled orders
thous. of yds
1,170
Osnaburgs—
6,844
Production
thous. of yds
7,151
Stocks
thous. of yds..
Unfilled orders
thous. of yds_.
11, 643
Heavy warp sateensProduction
thous. of yds _.
902
Stocks
thous. of yds
1,376
Unfilled orders
thous. of yds..
418
Drills, twills, sheetings and sateens (wider
than 40")—
6,144
Production
thous. of yds
Stocks
*
thous. of yds
5,258
Unfilled orders
thous. of yds..
10, 483
Colored goods46, 733
Production
thous. of yds
124, 054
Stocks
thous. of yds
56, 279
Unfilled orders
thous. of yds. _
Fine cotton goods, production
pieces
419, 510
Cotton cloth exports
thous. of sq. yds
52, 308
Fabric consumption
by tire manufacturers
thous. of Ibs
13, 930
Elastic webbing sales
thous. of yds
9,608
Prices:
Cotton yarn—
22/1 cones Boston
dolls, per Ib
.374
40/1 s New Bedford „
dolls, per Ib
.628
Print cloth, 64 x 60
dolls, per vd
.077
Sheeting brown
dolls, per yd
.098
Cotton goods (Fan-child). _ .index number..
166
Silk
Imports, raw..
... -.thous. of Ibs. _
Deliveries (consumption) _
bales.
Stocks, end of month:
At warehouses
bales
At manufacturers' plants _
__ bales
Silk machinery activity:
Broad looms
per cent of normal
Narrow looms
.per cent of normal
Spinning spindles
per cent of normal..
Price Japanese New York
dolls, per Ib
Burlap and Fibers
Imports:
Burlap...
thous. of Ibs.
Fibers (unmanufactured)
long tons

!

+34.8
+49 1
—4.9

3, 143, 474
344, 089

-7.4
-6.0

3 102, 457
111, 170

3 95, 927
81,935

-6.4
-26.5

46, 369
328, 512

46, 788
322,411

+0.9
-1.9'

211,741

434, 945
206,042

-3.0
-2.7

3 15, 678
3 13, 296

3 19, 504
3 15, 398

+24.4
+15.8

1,375

989

-28.1

365,997

-7.6 i
-14.3
-30.6

i

448, 211

Pyroxylin Coated Textiles
Pyroxylin spread
thous. of Ibs
Shipments billed
thous. of linear yds
Unfilled orders, end of mo thous. of linear yds
Cotton Mill Dividends
Quarterly
Fall River mills:
Total
thous. of dollars
Ratio to capitalization
per cent per quarter

369

.690

i

1

«321

«338

-13.0

-5.0

» . 767

8.759

+11.2

+1.1

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




52.4
49.6
12, 203
12, 101
3 Seven months cumulative ending Ju Iy3i.

45.0
12, 331

38.6
12, 196
< Revise I.

44.4
11, 754

46.6
12, 381

+15, 0
-4.7
-5.1
-3.6
• Quarter end ing Sept . 30 of year indicated.

38.4
12, 321

4

l!

27
TREND OF BUSINESS MOVEMENTS—Continued
1926

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

April

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1925

July

August

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

August, August,
1926,
1926,
from
from
July, August,
1926
1925

August

1925

1926

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

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

10

6,113

8,770

9, 999

10, 709

8,531

8,533

+7.1

+25.5

35, 457

35, 601

+0.4

5,192

3,338
1,477
5,194

6,472
3,217
4,834

7,300
2,609
4,787

7,655
2, 651
4,796

6,217
2,276
3,842

6,228
2,143
4,020

+4.9
+1.6
+0.2

+22.9
+23.7
+19.3

24, 661
9,378
36, 627

24, 765
9,954
39, 395

+0.4
+6.1
+7.6

17, 708
13, 133
4,575

17,387
13,063
4,324

21, 512
16, 939
4,573

26,691
21,582
5, 109

32, 174
26,280
5,894

30, 332
24, 720
5,612

34, 605
28,272
6,333

+20.5
+21.8
+15.4

-7.0
-7.0
-6.9

3, 450
773
68

3,481
794
73

3,235
770
71

3, 223
762
67

3,200
776
58

2,664
627
21

2,704
580
27

-0.7 +18.3
+1.8 +33.8
-13.4 +114.8

24, 379
5,238
339

26, 270
6,023
507

+7.8
+15.0
+49.6

237
115, 150
63.5

228
110, 600
61.5

216
220
106, 140 * 103, 245
58.5
59.6

213
102,085
57.7

190
86, 420
48.5

192
88, 250
48.1

-1.4
+10.9
-1.1 +15.7
-1.4 +20.0

16, 908
19,660
86.0
100
72

17, 518
22, 976
76.2
95
69

15, 025
18, 962
80.3
88
74

18,472
24, 038
76.8
79
56

122, 005
152, 948

-7.9
-13.2

62, 812
60.3
62, 333
49, 599

55, 803
54.3
54, 908
45, 376

56, 659
54.5
57, 641
42, 813

51, 568
50.4
50, 998
52, 716

454, 681

486, 103

+6.9

442, 963
400, 678

457, 587
406, 571

+3.3
+1.5

20.76
18.63
21.53

20.64
18.38
21.15

19.71
18.00
20.62

19.45
17.63
20.23

24, 380
17, 340
19, 974
102, 248

20, 660
18, 881
20, 056
104, 917

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

+10.9
+2.5

22, 012
15,012
18, 022
108, 944

20,933
19, 181
20, 538
110, 533

16, 366
10, 592

14, 113
14, 355

14, 210

50,897

3
3

132, 478
176, 217

3
3

17,117
20, 050
85.3
84
70

15, 353
19, 989
76.8
79
61

53, 796
52.0
53, 586
45, 802

53, 450
50.1
51, 384
52, 916

53, 221
50.1
49, 486
45, 142

+4.3
+3.2
+5.1
-13.1

+1.1
+4.0
+8.3
+1.5

19.26
17.50
20.19

20.26
18. 00
19.72

20.26
18.00
19.78

-1.0
-0.7
-0.2

-4.9
-2.8
+2.1

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

19, 722
20, 017

19, 142
22, 785

3 132, 506
3 111, 548

33 146, 956
114, 289

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

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

20, 691
21, 350

21, 694
26, 346

3
3

137, 680
115, 424

3
3

142, 404
113, 534

+3.4
-1.6

13, 834
10, 824

14, 424
14, 983

12, 663
13, 858

13, 124
17, 038

3 843, 378
3 79, 938

3

105, 179
3 79, 338

+24.7
-0.8

16, 489

13, 486

16, 243

50, 853

53, 638

52, 915

4,005
44

3,084
22

3,421
25

+9.7
-32.3

+17.1
+76.0

28, 887
470

31, 916
544

+10.5
+15.7

3,542

3,539
13, 909

3,513
14, 399

-1.7

+0.8

3 80, 507

3 92, 875

+15.4

65. 622
51
22, 773
42, 849

67,881
54
26, 387
41, 494

63, 606
51
23, 130
40, 476

-11.8
-10.5
-22.2
-5.1

+3.2
0.0
-1.5
+5.9

Cast-Iron Boilers and Radiators
Round boilers:
Production
_
thous. of lbs__
Shipments
thous. of Ibs
Orders received .
thous. of Ibs
Stock on hand, end month... thous. of Ibs..
Square boilers:
Production
thous. of Ibs
Shipments
thous. of Ibs
Orders received
thous. of Ibs
Stock on hand, end month thous. of Ibs
Radiators:
Production. thous. sq. ft. of heating surface..
Shipments .thous. sq. ft. of heating surf ace..
Orders received, .thous. sq. ft. of heating surface..
Stock on hand, end
month thous. sq. ft. of heating surface
Crude Steel
Steel ingots, production:
4,124
3,651
3,945
3,751
United States
..thous. of long tons
65
Canada
thous. of long tons
80
90
81
U. S. Steel Corporation:
Unfilled orders,
3,868
end of month
thous. of long tons
3,649
3,479
3,603
15, 705
15, 949
16, 160
Earnings
thous of dolls
Steel castings:
Bookings78,889
Total
. short tons
86, 685
68, 030 « 74, 430
67
<57
53
61
Ratio to capacity
per cent
15, 992
Railroad specialties _
short tons _
26, 713
29, 268
31, 318
59, 972
52, 038 4 45, 172
Miscellaneous
..
. short tons
47, 571
Production105, 602
93, 392 * 85, 338
Total
short tons
95, 608
82
74
73
Ratio to capacity
per cent
<66
41,446
42,087
Railroad specialties
short tons
34, 290
30, 613
64,156
59, 102 < 54, 725
53, 521
Miscellaneous
short tons
Sheets, blue, black, galvanized, and full finished:
Production —
Total.
short tons.. 294, 811 264, 541 268, 448 239, 764
84.3
77.3
91.0
Ratio to capacity
per cent
84.0
Stocks, end of month—
184, 289
178, 539
176, 428
153, 462
Total
short tons
62, 604
58, 503
55, 140
46, 031
Unsold
short tons
262, 231 264, 025
288, 759 267, 299
Shipments _ _
.__
_ short tons
352, 414
Sales
_
._
short tons.. 249, 866 201, 743 284, 319
422,237 520, 281
Unfilled orders, end of month.. short tons.. 472, 448 418, 582
3 Seven months' cumulative ending July 31.




583, 309

677, 849

+16.2

240, 322
342, 987

263, 354
414, 495

+9.6
+20.8

—7 4
—7.6
-15.8
—2 8

79,002
61
25,783
53, 219

293, 703
92.0

246, 404
75.5

270, 212
87.2

+22.5
+19.0

+8.7
+5.5

2, 214, 480

2, 308, 595

+4.2

147,862
44, 988
281, 602
283, 055
521, 837

130,940
42,081
223, 454
252, 871
475, 950

114, 577
38, 476
243, 204
239,492
460, 530

-4.0
-2.3
+6.7
-19.7
.+0.3
Revised.

+29.1
+16.9
+15.8
+18.2
+13.3

2,011,372
1, 899, 989

2, 308, 050
2, 110, 054

+14.8
+11.1

4

28
TREND OF BUSINESS MOVEMENTS—Continued
1926

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

PER CENT INCREASE (+) OR
DECREASE (—)

1925

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31

or decrease

August, August,
April

June

May

July

July

August

August

1926,
1926,
from
from
July, August,
1926
1925

Per
cent
increase

1925

1926

cumulative
1926
from
1925

IftON AND STEEL— Continued
Crude Steel— Continued
Steel barrels:
Production
barrels
581, 962
626, 812
585, 734
602, 058
523,037
497, 152
498, 449
51.3
Ratio to capacity.
per cent-54.6
47.7
53.4
39.5
41.0
Shipments
barrels
624, 082
582, 352
593, 611
511, 542
608, 056
506, 894
495, 736
Stocks, end of month..
barrels.. 44,411
44, 021
46, 751
38. 874
50,369
44, 631
48,052
Unfilled orders, end of month
barrels _. 1, 279, 159 1, 209, 815 1, 300, 113 1, 293, 601 1, 170, 998 1, 109, 383 1, 114, 667
Wholesale prices:
Steel billets, Bessemer-dolls, per long ton..
35.00
35.00
35.00
35.00
35.00
35.00
35.00
Iron and steel
dolls, per long ton..
38.25
37.68
37.69
37.61
37.45
38.60
37. 40
Composite steel
dolls, per 100 lbs__
2.61
2.62
2.64
2.64
2.64
2.63
2.61
Structural steel beams .. .dolls, per 100 lbs._
1.95
1.85
1.95
1.95
1.95
2.00
1.93

-10.7

+4.9

4, 015, 826

4, 533, 760

+12.9

-13.8
-1-29.6
-9.5

+3.2
+4.8
+5.1

4, 020, 353

4, 529, 491

+12.7

0.0
-0.2
0.0
0.0

0.0
+0.6
+1.1
+1.0

Steel Products
Structural steel, fabricated:
Bookings (prorated)
short tons
222,650
Ratio to capacity..
per cent..
73
Shipments (prorated)..
short tons.. 244,000
Ratio to capacity
per cent..
80
Steel plate, fabricated, bookings:
Total._
short tons.. 4 33, 542
Ratio to capacity.
per cent..
449
Oil-storage tanks
short tons
6,042
Iron and steel:
ExportsTotal
long tons.. 194, 449
Selected items
_ long tons
162, 924
Imports.
long tons
98, 442
Steel furniture:
Business group—
Shipments
.
thous. of dollars
2,782
Orders received
.thous. of dollars. _
2,937
Unfilled orders.
.thous. of dollars..
1,784
ShelvingShipments
thous. of dollars
699
Orders received
thous.' of dollars
704
Unfilled orders
thous. of dollars..
571

231, 800
76
237, 900
78

222, 650
73
262, 300
86

216, 550
71
268,400
88

250, 100
82
250, 100
82

46, 473
68
15, 728

39, 551
10, 829

4 30, 150
444
10, 702

44, 178
65
20, 108

173, 418
139, 787
92, 201

159, 506
132, 164
107, 712

194, 717
160, 179
61, 795

2,576
2,464
1,589

2,606
2,557
1,535

617
581
587

247,050
81
250, 100
82

237, 900
78
244,000
80

+15.5
+15.5
-6.8
-6.8

+5.1
+5.1
+2.5
+2.5

1, 747, 650

1, 714, 100

-1.9

1, 778, 150

1, 912, 350

+7.5

4

30, 038
444
6,381

4 29, 594
444
7,500

+46.5 +49.3
+47.7 +47.7
+87.9 +168. 1

217,452

288, 130

+32.5

55, 801

93, 833

+68.2

171, 588
142, 178
75, 248

139, 861
110, 122
50, 618

188, 465
145, 382
57, 099

-11.9
-11.2
+21.8

-9.0
-2.2
+31.8

1, 171, 310
910, 462
555, 161

1, 394, 888
1, 160, 798
683, 775

+19.1
+27.5
+23.2

4 2, 150
2,284
4 1, 666

2,343
2,299
1,638

2,111
2,105
1,491

1,957
1,989
1,438

+9.0
+0.7
-1.7

+19.7
+15.6
+13.9

17, 237
17, 412

20, 758
20,954

+20.4
+20.3

602
607
554

531
604
602

546
611
662

482
511
399

453
517
447

+2.8
+1.2
+10.0

+20.5
+18.2
+48.1

4,150
4,287

4,903
4,929

+18.1
+15.0

425, 638
415, 082
524, 382
112

407, 940
417, 632
511, 290
186

378, 163
448, 390
411, 119
173

391, 935
384, 924
422, 148
167

353, 561
352, 603
457, 925
153

580, 865
388, 371
598, 143
161

+3.6
-14.2
+2.7
-3.5

-32.5
-0.9
-29.4
+3.7

3, 047, 870
2, 724, 735

3, 408, 247
3, 461, 558

+11.8
+27.0

129
48, 482

175
68, 408

125
50, 494

104
38, 852

147
58, 719

91
29, 865

-16.8 +14. 3
-23.1 .+30. 1

931
381, 162

965
398, 657

+3.7
+4.6

1,772
1, 661
3,620

1,882
1,736
3,704

1,594
1, 611
3,586

1,563
1,498
3,212

1,791
1,428
3,530

3 9, 936
3 9, 115

311,391
3 10, 530

+14.6
+15.5

140
141
137
107

131
127
147
110

29,943
502
541

30, 555
445
409

+2.0
-11.4
-24.4

2, 529, 981 6 2, 889, 529
2,431,202 2, 765, 369
98, 779 6 124, 160

+14.2
+13.7
+25.7

Machinery
Foundry equipment:
Sales
_
..dollars.. 434, 626
Shipments
dollars
402, 494
Unfilled orders, end mo
dollars.. 506, 214
Machine tools, orders
index number _„
134
Stokers:
Sales.
number
145
Sales
.horsepower.. 70, 055
Steam, power, and centrifugal pumps:
New orders
thous. of dolls..
1,722
Shipments
thous. of dolls..
1,530
Unfilled orders, end mo
thous. of dolls. .
3,469
Agricultural machinerv and equipment:
SalesTotal
index num ber_ _
140
Domestic
index number..
142
Foreign
index number..
131
Production
index number
133
Domestic pumps and water systems:
Shipments
number of units. _
5, 915
Stocks, end mo
number of units..
6,254
Electric industrial trucks and tractors:
Shipments, domestic—
Tractors
number of vehicles. .
17
All other types
number of vehicles. _
90
Exports
number of vehicles. .
4

153
157
142
141

' 4 179
4190
4125
4140

7,004
6,142

8,318
5,067

7,920
4,320

12
87
9

21
104
19

15
95
1

14
81
2

3,625
53
40

4,495
68
42

3,334
49
37

4,254
39
78

3,477
57
48

394, 569
373, 140
21, 429

358, 365
339, 547
18, 818

328, 816
315, 863
12, 953

6387,611
379, 111

360, 124
348,984
11, HO

51, 343
47, 838
3,505

47, 070
44, 137
2,933

41, 847
39, 592
2,255

647,083
45, 283

41, 870
40,025
1,845

—6 7
-14.7
+100. 0

PATENTS ISSUED
Total, all classes
A gricultural implements . .
Internal-combustion engines

number
num ber
number..

4,639
46
55

AUTOMOBILES
Production:
Passenger carsTotal
.number of cars.. 401, 836
United States.
number of cars
383, 907
C anada
number of cars
17, 929
TrucksTotal
_
number of cars
53, 887
United States
number of cars
50,314
Canada
number of cars
3,573
8
Seven months' cumulative endingI July 31.




4

Revised .

8

3,513 +27.6
50 -20.4
56 +110. 8

223, 517
216,087
7,430

+21.1
-22.0
+39.3

+17.9
+20.0
-34.4

+73.4
+75.4
+14.4

37,850 +12.5
36,364 | +14.4
1,486 -20.2

+24.4
+24.5
+21.1

Inclu des estima to for

319,439
305, 503
13,936

6365,609
339, 383
6 26, 226

Augu st, 1926, covering Canadian output.

+14.5
+11.1
+88.2

29
TREND OF BUSINESS MOVEMENTS—Continued
1926

PER CENT INCREASE (+) OR
DECREASE <— )

1925

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

May

July

June

August

July

August, August,
1926,
1926,
from
from
July, August,
1926
1925

August

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH AUGUST

31

Per
cent
increase

192i

or decrease
(-)
cumu
lative

(

-y

1926

1926

from

1925

AUTOMOBILES-Continued
Exports:
Assembled—Total
Passenger cars
Trucks
From CanadaTotal
Passenger cars .
_
Trucks .
Foreign assemblies
Accessories and parts:
ShipmentsOriginal equipment
Replacement parts
Accessories _ _
,
Service parts
Exports
Sales (General Motors Co.):
Proportion closed cars..
To dealers
To users
.
...

number of cars .
number of cars..
number of cars

31, 189
23, 152
8,037

28, 482
22, 120
6,362

19, 934
15,354
4,580

22, 486
17, 077
5,409

20,272
16, 130
4,142

20,859
16,567
4,292

33,240
26, 616
6,724

-9.8
-3.5
-23.4

-39.0
-39.2
-38.4

195, 5«9
161, 257
34,212

204, 859
159, 637
45,222

+4.8
-1.0
+31.8

number
number
number
number

4,101
2, 661
1,440
21, 638

5,594
3,977
1,617
11, 391

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

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

3,045
2,448
597
11, 150 I <

4,2S4
3,021
1,233
16, 694

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

-26.8
-7.3
-60.6
-9.3

-31.3
-18.0
-58.7
-30.9

44, 326
34,445
9,881
127, 254

45, 894
32, 435
13, 459
129, 277

+5.5
-5.8
+36. 2
+1.6

index nos _
index nos__
.index nos
index nos..
tbous. of dolls..

160
141
176
208
9,608

145
177
183
175
7,685

140
135
140
184
6,789

135
117
127
142
8,160

165
152
149
113
5,704

161
130
149
113
0,021

-2.5
+16,3
-7.7
+2.6
+3.1 -12.1
+18.9 +46.9
-22.6 +4.9

54,875

64,719

+17.9

per cent..
number of cars
.number of cars .

76
122, 742
136, 643

79
120, 979
141, 651

81
111,380
117, 176

84
87,643
101, 576

134, 231
122, 305

54
57, 358
65, 872

62
76, 462
78, 638

+53.2
+20.4

+75.6
+55.5

523, 029
540,870

857, 961
844,071

+64.6

73, 454
85, 951

73, 542
85, 025

« 71, 317
77, 166

* 72, 228
* 76, 479

72, 221
77, 613

68,507
76, 335

68,090
72,861

0.0
+1.5

+6.1
+6.5

566, 389
629, 995

577, 647
637, 159

+2.0
+1.1

116, 302
136, 938
75,030
44, 926

113, 898
136, 468
73, 197
36, 263

116, 743
124, 100
78, 206
42, 422

119, 020
124, 272
76, 352
35,300

128, 925

114, 182
124, 926
65, 208
52, 354

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

+8.3

+17.2

84, 034
37, 741

+10.1
+6.9

+14.0
-1.4

889, 235
» 890, 001
524, 896
397, 808

941, 198
2912,478
613, 627
300,050

+5.8
+2.5
+16.9
-24.6

72, 644
264, 721
.1371

69, 369
66, 096
274, 943 < 275, 338
.1366
• .1360

64, 940
276, 810
.1392

66, 658
259, 593
.1417

88, 008
242, 792
.1395

77, 343
239, 542
.1449

+2.6
-6.2
+1.8

-13.8
+8.4
-2.2

of cars
of cars. _
of cars..
of cars
*

157
120
131
166
6,319

,
{
!
j

+56.1

NONFEaBOUS . METALS
Copper
Production:
Minos
._
short tons
Smelter _
short tons _
Refined (North and South
America) .
.short tons
World production, blister
short tons..
Domestic shipments, refined _.
short tons
Exports
short tons..
Stocks (North and South America):
Refined
short tons. _
Blister
short tons..
Wholesale price, electrolytic
dolls, per lb_.

4

Copper Products
Plumbing fixtures:
Sales, tubularQuantity..
.number. _ 192, 666
Value
_ .
.dollars
187, 261
Wholesale price, 6 pieces...
.dollars..
109. 19
Brass faucets:
Orders received
number of pieces. _ 257, 082
Orders shipped
number of pieces. _ 302, 841
Fire extinguishing equipment, shipments:
Motor vehicles
number
119
Hand types
number
52, 874

184, 501
211, 223
108. 74

154, 250
173, 223
107. 13

174, 145
188, 203
106. 78

176, 794
214, 370
106. 23

179, 805
180, 603
111.55

216, 768
202, 586
111. 44

+1.5
+13.9
-0.5

-18.4
+5.8
-4.7

1, 616, 457
1, 479, 777

1, 729, 000
1, 735, 999

+7.0
+17.3

219, 362
263, 810

188, 979
199, 475

225, 831
237, 808

186, 751
226, 872

336, 609
350, 091

362, 901
320, 958

-17.3
-4.6

-48.5
-29.3

2, 954, 987
3, 599, 976

2, 231, 013
2, 336, 598

-24.5
-35.1

110
61, 526

148
53, 751

142
54, 234

153
50, 681

163
55, 185

131
49, 997

+7.7
-6.6

+16.8
+1.4

1,018
421, 063

950
427, 448

-6 7
+1.5

-23.1

Tin
Deliveries (consumption)
Stocks, end of month:
World visible supply..
United States
Imports
Wholesale price, pig tin .. .

long tons

7,105

5,085

6,900

7,630

5,870

6,475

6,520

-10.0

52, 195

53,615

+2.7

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

15, 516
1,354
5,912
.6196

18, 045
1,739
6,160
.6017

15, 831
2,409
7,230
.5841

13, 777
3,014
7,941
.6137

13, 352
1,829
5,132
.6388

19, 857
2,414
6,735
.5668

20,000
3,644
7,747
.5665

-3.1 —33 2
-39.3 -49.8
-35. 4 -33.8
+4.1 +12.8

52, 838

52, 606

-0.4

388, 624

419, 464

+7.9

Zinc
Retorts in operation, end of month ...number. _
Production
short tons
Stocks, end of month
short tonsOre, Jopiin district:
Slppm^nt/s
short tons
Stocks, mines, end of month
short tons. .
Price, slab, prime western
dolls, perlb-.

89, 333
53, 334
25, 990

86, 279
53, 703
29,934

76,912
48, 226
25, 760

83, 980
48, 403
22, 986

84,584
51,761 !
18, 164

82,140
47, 583
20, 771

85, 576
47, 849
17, 032

+0.7
+6.9
-21.0

-1.2
+8.2
+6.6

64, 722
22, 995
.0700

08,718
29, 757
.0682

55, 732
31,885
.0711

73, 399
20. 776
.0741

67, 736
19,250
.0738

56, 894
23, 662
.0721

75,125 !
27, 682 !
.0758 ;

-7.7
-7.3
-0.4

-9.8
-30.5
-2.6

521, 432

555,890

+6.6

Lead
Production
short tons
Ore shipments, Jopiin district .
short tons
Receipts of lead in U. S. ore
short tons.
Stocks, U. S. and Mexico, end mo. .short tons..
Price, pig desilverized (New York) .dolls, perlb. .

46,718
8,435
44, 531
117, 563
.0797

49, 915
10, 765
44, 685
120, 817
.0775

47, 524
7,131
41, 823
123, 099
.0803

« 47, 796
11, 076
41,721
118, 697
.0850

49, 625
10, 505

46, 552
7,813
43, 108
95. 731
.0815

46,223
10,772 I
42, 588
91,589 1
. 0919

+3.8
-5.2

+7.4
-2.5

374, 038
81,891
3 317, 495

392, 309
82, 242
3 309, 128

+4.9
+0.4
-2.6

+4.8

-3.0

5, 229
1,412
8,817

4,797
1,157
3,640

4,964
1,330
3,634

5, 015
1,339
3,677

5, 184
1,490
3,694

5,442 I
1, 373
4,069

3 36, 959
3 7, 941
3 29, 017

a 36, 159
38, 962
3 27, 197

-2.2
+12.9
-6. 3

368
3,718

481
3,712

193
3,167

200
2,954

516
3,091

672
3,233

3 5, 607

3 2, 445

-56.4

804
7,085

749
7. 190 !

3 7, 580

3 2, 736

-63.9

.0891

Babbitt Metal
Consumption:
Total apparent.
._ ...thous. of Ibs .
Direct by producers
thous. of lbs_.
Sale to consumers ..
thous. of IDS
Crude :
Production.
Stocks
Refined:
Production
Stocks

Arsenic
.
. ,
....




.

short tons
short tons

377
390
271
140
4,414
5,462
4,768
3,523 1
3 Seven months' cumulative, ending July 31.

short tons
short tons. . •

4

Revised.

30

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

PER CENT INCREASE (+) OR
DECREASE (— )

1925

August, August,
1926,
1926,
from
from
July, August
1926
1925

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31

Per
cent
increase
or decrease]
(-H
cumulative
1926
from
1925

April

May

June

July

August

136, 141
170, 589
157, 410

153,497
169, 719
153,381

142, 142
168, 743
145, 377

147,410
150, 160
161, 315

172. 066
143,171
179, 234

103, 624
177, 778
110, 476

116, 740
164, 614
124, 479

121, 933
158, 897
119, 554

113, 427
149, 829
112, 629

114, 748
139, 964
113, 835

134, 218
95, 562
140, 692

129. 629
90, 441
129, 826

+1.2
-6.6
+1.1

-11.5
+54.8
-12.3

895, 741

846, 168

-5.5

966, 147

889, 551

-7.9

116, 205
250, 143
120, 139

125, 241
249, 171
129, 327

134, 542
248, 959
130, 904

117, 973
238, 556
118,963

122, 523
219, 086
119, 924

148, 428
225, 966
144, 052

140, 391
218, 728
145, 848

+3.9
-8.2
+0.8

—12.7
+0.2
-17.8

1, 033, 626

957, 465

-7.4

1, 078, 022

975, 684

-9.5

117,212
321, 073
119, 236

127, 153
307, 405
126,732

129, 509
294, 587
126, 728

117,263
284, 432
117, 705

122, 294
273, 590
127, 758

135, 453
273, 720
140, 839

135, 211
252, 703
143, 275

+4.3
-3.8
+8.5

-9.6
+8.3
-10.8

1, 043, 243

948, 128

-9.1

1, 081, 781

969, 419

-10.2

52, 076
158, 229
51, 180

55, 022
160, 469
59, 786

56, 144
157, 030
58, 538

48, 162
151, 854
49,432

51, 559
145, 143
55, 657

60, 837
176, 506
65, 384

58, 747
160, 085
64, 019

+7.1
-4.4
+12.6

-12.2
-9.3
-13.1

96,048
198, 203

90, 427
182, 931

80, 050
172, 026

73, 640
160, 665

61, 991
155,423

117,461
251, 545

113,328
260, 171

-15.8
-3.3

-45.3
-40.3

86

86

80

71

77

533, 728
198, 628
312, 130
22, 974

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

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

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

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

July

August

1925

1926

NON-FERROUS METALS— Continued
Galvanized Sheet Metal Ware
Production '
dozens..
Stocks end of month
.dozens..
Shipments
dozens..
Enameled Ware
laths:
Orders shipped
number...
Stocks, end of month
number..
Orders received
number
Lavatories:
Orders shipped
number
Stocks, end of month
number..
Orders received
- .number..
Sinks:
Orders shipped
- - .number..
Stocks, end of month
number..
Orders received
- - number. _
Miscellaneous sanitary ware:
Orders shipped
number
Stocks, end of month
number..
Orders received
-- number __
Unfilled orders, end of month:
Baths
-number..
Small ware
number..
Household ware:
Furnaces operating
per cent of total..
Band Instruments
Sales:
Total
-dollars..
Cup mouthpieces
dollars..
Saxaphonps
dollars. _
Woodwind
-dollars..
Electrical Equipment

t

Electrical porcelain, shipments:
Total
dollars.. 301, 099 270, 960 283, 527
85; 503
.93,437
Standard
dollars.. 95, 25.9
Special
dollars.. 169, 213 141, 483 142,098
47, 992
High tension ..
dollars.. 36, 627
43, 974
Motors:
New orders
dollars.. 866, 869 740, 232 904, 269
Billings (shipments)
dollars.. 821,947 793, 832 928, 272
Electric hoists:
New orders—
282
332
253
Quantity
number..
Value
-dollars. _ 134, 109 147, 447 178, 426
Shipments
--..dollars.. 128, 140 185, 607 159, 124
FUELS
Coal and Coke
Bituminous:
ProductionUnited States
thous. of short tons.^ 40,079
41, 992
39, 059
1,094
Exports
thous. of long tons..
2,139
1,517
Consumption—
521
By vessels
thous. of long tons..
401
437
By electric power
3,125
*3,085
plants
thous. of short tons. _
< 3, 168
By coke plants6,723
United States.thous. of short tons..
6,742
6,465
232
242
Canada
thous. of short tons..
230
Prices1.92
Mine average (spot) .dolls.per short ton. .
1.93
1.90
Wholesale, Kanawha, f. o. b.
3.39
Cincinnati
dolls, per short ton..
3.39
3.39
8.39
Retail, Chicago .. .dolls, per short ton..
8.12
8.13
Anthracite:
8,217
Production
_
thous. of short tons. _
8,054
8,937
295
Exports
thous. of long tons..
327
386
PricesWholesale, chestnut,
New York
dolls, per long ton..
11.48
11.47
11.48
Retail, chestnut,
14.54
New York
dolls, per short ton..
14.50
14.50
Coke:
Production, U. S.—
981
884
Beehive.thous. of short tons .
811
3,602
By-product
..thous. of short tons..
3, 722
3,610
149
159
152
Production, Canada. -thous. of short tons..
Exports
thous. of long tons
55
76
80
Price, furnace,
3.13
2.94
2.84
Connellsville
dolls, per short ton..
• Seven months' cumulative ending July 31.




+16.7
—4 7
+11. 1

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

542, 566

416, 702

-23.2

.491, 863

440, 695

-10.4

4, 109. 010
1, 513, 721
2, 483, 835
131, 453

3, 995, 873
1, 453, 996
2, 355, 433
186, 448

-2.8
-3.9
-5.2
+41.8

+8.5
437,378
178. 036
243, 883
15, 459

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

317,028
123, 126
156, 694
37, 208

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

3 2, 247, 912 2, 005, 240
3 901, 419 3 635. 998
3 1, 100, 478 1, 058, 098
3246,015 3 311, 144

-10.8
-29.4
-3.9
+26.5

320
159, 652
166, 417

288
150, 642
149, 677

32,041
3 2, 171
3 1, 074, 733 3 1, 185, 066
3 1, 027, 526 3 1, 173, 990

+6.4
+10.3
+14.3

39, 582
1,648

44, 883
1,798

+6.6
+9.5

+3.3
+97.3

+10.6

+59.7

-13.2
+11.6
-20.3
-56.1

-13.3
-11.5
-16.5
+20.1

740, 424
876, 257
293
171, 871
130, 234

43, 472
3,240

46, 352
3,548

641

709

3,339
6,915
236

6,574

410

444

3,166

3,373

5,391
131

5,498
142

-4.9

+19.6

1.91

2,00

1,94

2.04

+4.7

-2.0

3.39
8.27

3.39
8.32

3.39
8.21

3.39
8.32

0.0
+0.6

0.0
0.0

8,429
390

8,225
395

8,334
463

9,014
476

-2.4
+1.3

-8.8
-17.0

11.48

11.47

11.07

11.16

-0.1

+2.8

14.50

14.50

13.88

14.03

0.0

+3.3

963
3,756
158
81

752
3,749

605
3,162
95
64

-21.9
-0.2

+24.3
+18. 6

75

529
3,171
89
64

-7.4

+17.2

2.94

3.14

2.91

3.19

+6.8

-1.6

319, 351
9,844

357, 330
14, 687

+11.9
+49.2
+28.3

2,935

3,767

3 22, 195

3 23, 241

+4.7

47, 624
» 1, 225

55, 556
31,670

+16. 7
+36.3

,
61, 317
2,594

52,908
2,133

-13.7
-17.8

6,437
26,084
3803
480

8,332
29,520
31,092
604

+29.4
+13.2
+36.0
+25. g

TREND OF BUSINESS ^MOVEMENTS—Continued
1926

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

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1925

July

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

August,
1926,
from
from
July, August,
1926
1925

A-UgUSt,
1926,

July

August

1925

1926

Per
cent
increase

(

-y

or decrease
(-)
cumulative
1926
from
1925

1
i

FUELS— Continued
Petroleum
Crude petroleum:
4
66,525
62, 556
, 61, 742
64, 893
67, 763 4 67, 580
Production
thous. of bbls
59, 988
Stocks, end of month308, 231 4 303, 291
Total (comparable)
thous. of bbls. _ 286, 208 284, 009 281, 432 278, 184 276, 448
Tank farms and pipe
4
273, 924 4 272, 576
lines
...thous. of bbls. _ 252, 028 248, 550 244, 690 242, 149 240, 355
36, 093
35, 459
36, 742
36, 035
34, 307
Refineries
thous. of bbls
34, 180
30, 715
California —
4
4
32, 124
43,
411
38, 634
37, 179
35, 405
33, 583
41, 566
Light
thous. of bbls
4
87, 769
87, 389
87, 761
72, 388 4 78, 507
85, 656
88, 180
Heavy
thous. of bbls
4
4
4,502
5, 332
5,571
5, 185
4,
155
5,906
Imports
thous. of bbls
4,045
4
65, 341
67, 693
65, 030
67, 442
67, 575 4 467,0, 6
Consumption (run to stills) .thous. of bbls.. 61, 289
4
1,417
1, 924
1,517
1,652
1, 861
1,791
1,581
Oil wells completed
number
Mexican field —
8,482
7,587
7,522
8,440
Shipments
thous. of bbls
6,545
4
2,050
2, 050
1,800
1,900
2, 050
1,800
• Price, Kansas-Oklahoma-.-.dolls. per bbl__
1, 730
Gasoline:
ProductionRaw (at refineries)
thous. of gals_. 4 987, 630 1, 029, 378 1, 017, 996 , 046, 934 1, C67, 472 4 969, 066 4 974, 022
90, 890
92, 700
Natural gas at plants thous. of gals.. 109, 617 110, 286 107, 031 110, 359 111,855
Exports.,..
....
thous. of gals.. 4 177, 610 188, 782 147, 657 150, 909 144, 055 4 104,857 4 116, 481
Consumption
thous of gals 4 831, 432 989, 856 969, 066 , 014, 804 1, 103, 844 4 960, 918 937, 566
Stocks, end of month
thous of gals 1, 926, 708 1, 802, 094 1, 713, 264 1,609,230 1,451,142 1, 596,294 1,521,912
.202
.210
.190
.210
.210 4
.220
.202
Price, motor, New York
dolls, per gal._
289, 824
313, 765 4 325, 793
327, 076
299, 889
303, 328
Retail distribution, 21 States thous. of gals
Kerosene oil:
Production _ _
thous. of gals 4 210, 504 218, 106 209, 790 204, 204 216, 258 4 192, 864 4 187, 530
Consumption
..thous. of gals.. 44 140, 910 4 134, 820 121, 590 113,778 114, 786 44 147, 252 44 148, 176
444, 402
Stocks refineries, end mo
thous. of gals.. 294, 588 309, 876 330, 834 354, 438 343, 812
402, 150
.125
.125
.099
.098
.109
.072
.072
Price, 150° water white
dolls per gal
36,
046
40,
679
29,
370
31,
078
30, 903
Retail distribution, 13 States.thous. of gals..
38, 654
Gas and fuel oil:
Production
..thous. of gals. 41,210,734 1, 273, 482 1, 227, 912 1, 316, 742 1, 304, 352 41,448,790 4 1,407,084
Consumption—
157, 071 4 140, 928
By vessels
..thous. of gals.. 170, 536 156, 622 169, 608 165, 464 173, 232
25, 309
29, 397
26, 782
26, 243
35, 806
By electric power plants thous. of gals
31, 888
4
158,
281
163, 024
165, 557
170, 979
163, 401
By railroads
thous. of gals
169,010
Stocks at refineries, end mo thous. of gals 4 830, 466 875, 322 947, 268 1,079,232 1,113,OCO 41, 168,482 41,254,246
Price, Okla., 24-26 at
1.335
1.225
1.231
1.355
1.381
.906
refineries
dolls, per bbl__
1.035
Lubricating oil:
Production
thous. of gals.. 4 4112, 140 119, 952 112, 644 119,574 119,112 4 4104, 958 4 4112, 350
78, 288
87, 738
95, 718
62, 874
85, 806
81, 102
Consumption
._
thous. of gals__ 85, 344
Stocks at refineries, end mo thous of gals 4 309, 456 321, 552 307, 188 307, 734 303, 492 4 287, 784 4 282, 576
Price, Pa., 600°, steam
.154
.145
.146
.143
.136
.184
refined
dolls per gal
.161

+2.5

-1.6

509, 995

490, 607

-3.8

-0. 6

-8.9
-11.8
+17.5
-22. 7
+11.8
+31.8
+1.0.
+21.7

44, 298
491, 346
11, 292

42, 089
506, 836
11,969

-5.0
+3.2
+6.0

7, 196, 952

7, 931, 364

+10.2

850, 165
6,211,128

1, 210, 772
7, 028, 574

+42.4
+13.2

1, 714, 623

1, 979, 084

1,657,614
1,044,918

1,701,966
1, 0.54, 452

+15.4
+2.7
+0.9

-0.7
+0.2
-4.3
0.0
+2.8
+0.4
+3.4

0.0 +18.5

+2.0 +9.6
+1.4 +20.7
-4.5 +23.7
+8.8 +17.7
-9.8 -4.7
0.0 +4.0
+5.9
+0.9
-3.0
+10.1

+15.3
-22.5
-14.5
+51.4

9, 946, 398

+2.7
-2.4

211,557
3 261, 333
1, 147, 623 3 1, 164, 720

+5.6
-19.0
+1.5

862, 722
568, 890

936, 738
645,498

•+5.1
+13.5

262, 068
22, 305
117, 800
57, 058
48, 111

263, 240
30, 139
107, 664
63, 835
42, 698

+0.4
+35.1
-8.6
+11.9
-1.3

10, 312
3 159, 697
3 437, 711
796, 043

8,808
3 158, 391.
3 484, 819
826, 131

-14.6
-1.0
+10.8
+5.6

12,627
58,424

9,989
68,551

-20.9
+17.3

3 224, 255

3 230, 384

-0.9 -7.3 10, 188, 780
+4.7 +22.9 1, 204, 223 1,3 271, 430
3

+3.1 -11.3
+10.1 +30.9
-0.4
+6.0
+9.1 +18.0
+7.4
-1.4
-4.9

15 5

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of lbs__ 33,608
3,702
Calfskins
_.
thous. of Ibs
Cattle hides
thous. of Ibs. . 14, 591
8,022
Goatskins.
__
thous. of Ibs
5,148
Sheepskins
thous. of Ibs
Stocks, end of month:
Total hides and skins
thous. of Ibs.. 280, 782
231, 719
Cattle hides
thous. of Ibs
33, 121
Calf and kip skins
thous of Ibs
15, 942
Sheep and lamb skins
thous of Ibs
Prices:
Green salted, packers' heavy
.114
native steers
dolls per Ib
.165
Calfskins, country No. 1
dolls, per Ib

31, 497
2,883
13, 629
8,749
3,867

35, 623
4,795
13,257
8,597
6,383

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

281, 354
232, 645
33, 608
15, 106

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

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

.129
.168

.133
.167

.142
.172

1,115
21, 440
64,678
93, 896
18, 193

Leather
Production:
1,059
1,180
Sole leather. .thous. of backs, bends, sides..
1,106
21, 492
20, 229
22, 922
Finished sole and belting... thous. of Ibs
82,022
68, 675
62,807
Finished upper
thous. of sq. ft
109, 905
99,413
100, 697
Oak and union harness
stuffed sides
Skivers
doz
22,390
20, 329
21, 776
Unfilled orders:
76,224
103, 212
Oak and union harness
sides
236, 130
Stocks in process of tanning:
79, 337
79,585
78,971
Sole and belting
thous. of Ibs.
Upper
_
thous. of sq. ft. . 155, 454 153, 500 141, 693
Stocks, end of month:
103, 843
99, 835
102, 551
Sole and belting
thous. of Ibs
Upper
thous. of sq. ft.. 306, 572 306, 664 300, 834
Exports:
Sole _ _ _
thous. of Ibs
1,325
1,486
1,102
7,987
Upper
thous. of sq. ft._
9,918
8,501
Prices:
Sole, oak, scoured backs,
.45
.43
heavy, Boston
dolls, per lb__
.46
Chrome calf. 4 4 B" grades. .dolls, oer sa. ft..
.45
.45
.46
3
Seven months' cumulative ending July 31.




4

33, 359
5,079
12, 345
6,917
6,472

28, 780
2,624
12, 712
6,358
4,755

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

259, 078
202, 014
36, 749
20, 315

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

.149
.178

.166
.218

.176
.213

1,179

1,293
23, 707
57, 718
99, 889
30,613

1,279
23, 617
61, 999
94,925
30, 662

100, 217

229, 537

220, 366

79,601
151, 389

91, 125
135,871

88,487
144, 292

95, 990
295,074

134, 726
304,082

133, 679
295, 988

240, 002

232, 515

1,320
8, 181

1,152
7,576

1,206
7,422

1,716
6,711

,41
.45

.41
.45

.46
.46

.46
.46

+0.2 +16.5
+1.1 +29.5
+11.7 +34.7
-18.2 -1.7
-3.1 +0.5

+4.9 -15.3
+3.5 -16.4
+5.7

-7.8

+6.7

-12.7 -32.9
-7.4 +12. 9

0.0 -10.9
0.0 -2.2
* Revised.

32
TREND OF BUSINESS MOVEMENTS—Continued
1926

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

!
April

May

June

July

337, 042
567

346, 739
595

327, 856
564

23,129
533

4 25, 041
464

24, 955
533

August

CUMULATIVE TOTAL
Per
FROM JANUARY I
cent
THROUGH AUGUST
in31
! crease

PER CENT INCREASE (+) OR
DECREASE <— )

1925

or de! crease

August August,
1926,
1926,
from
from
July, August.
1926
1925

July

August

345, 709
588

351, 707
595

24,758
488

28,486
458

-33.0

1925

1926

cumu! lative
1 1926
from
1925

I

HIDES AND LEATHER-Continued
Leather Products
Belting sales:
Quantity
pounds.. 359,298
Value
.thous. of dolls
609
Boots and shoes:
Production
thous. of pairs.. 26,637
Exports
_
thous. of pairs..
657
Wholesale pricesMen's black calf
blucher, Mass.
dolls, per pair..
6.40
Men's dress welt, tan
calf, St. Louis
dolls, per pair..
5.00
Women's black kid, dress
welt, lace, oxford
dolls, per pair..
4.15
Gloves:
Glove leatherProduction
.
number of skins
591, 328
Stocks (tanned)—
In process
number of skins.. 1, 496, 396
Finished .
. number of skins. . 549, 436
Gloves, cutTotal
..
dozen pairs. 222, 713
Press and streetImported leather
dozen pairs
54, 595
Domestic leather
dozen pairs.. 35, 544
Work gloves
dozen pairs.. 132, 574

357

32,639,301 32,515,280
3 4, 521
34,293

6.40

6.40

6.40

6.40

6.40

6.40

0.0

5. CO

4.98

4.85

4.85

5.15

5.15

0.0

-5.8

4.15

4.13

4.00

4.00

4.15

4.15

0.0

-3.6

582, 199

550, 559

499, 912

442, 059

456, 059

1, 469, 279 1, 446, 430 1, 482, 470
569, 467
555, 112
510, 898

3

155, 661
3,830

+55.0
-16.3

33, 723, 989 34,046,741

+8.7

3100,453
4,574

-22.1

-4.7
-5.0

0.0

1,205,971 1,167,838
420, 949
382, 678

206,850

213, 069

183, 562

i

190,443

203, 336

50,003
34, 862
121, 985

50, 240
38, 579
124, 239

49, 327
30, 792
103, 443

|

39, 186
31,592
119, 665

45, 037
30,807
127, 492

39, 946
34, 544

4 50, 534
29, 759

4 49, 010
24, 901

4 48, 380
35, 821

43, 041
32, 455

42. 990
33; 413

-23.5

-18.0

20,403
64,330
43, 802
.395

21, 865
63,500
40, 953
.383

25, 399
71, 600
42, 914
.344

69, 700
42, 189
.335

.337

4,740
56,800
53, 197
.825

5,107
62, 400
52, 171
.663

+0.6

-49.2

4,009
9,346
3,642

3,768
9,257
3,829

4,066
8,976
4,208

4 3, 712
4 7, 944
4 4, 682

4,278
7,400
4,790

4,191
4,815
4,624

4,205
5,446
3,454

+15.2 +1.7
+6.8 +35.9
+2.3 +38.7

4,916
thousands ..
thousands. . 15, 505
.. ... thousands. . 3,727

4,612
15, 855
4,654

4,628
15, 182
5,097

4 4, 297
4 12, 949
4 6, 381

5,295
11, 665
6,652

5,658
6,477
6,761

5,713
6,953
5,101

36
173
37

33
172
38

430
4 152
440

41
183
46

58
112
58

62
125
44

2,326
646
1,206

. .. :

I
I

n,405,819 31,451,227

-3.0

3 288, 757
3 227, 861
3 890, 317

3322,000
3230,592
3876,623

+11.5
+1.2
-1.6

3 280, 264
258, 130

3 340, 504
279, 845

+21.5
+8.4

3 332, 616

3

RUBBER
Crude :
World shipments, plantation
long tons..
Imports (including latex)
long tons _
Stocks, end of monthUnited Kingdom
long tons_.
Plantation, afloat .
long tons..
Consumpion by tire rnfrs
thous. of lbs._
Wholesale price, Para, N. Y. dolls, per lb._

|
27, 399
1

1

303, 044

-8.9

31, 757

31, 115

-2.0

30, 596

29, 128

-4.8

+23.2 -7.3
-9.9 +62.8
+4.2 -30.4

41, 543

37, 246

-10.3

41, 294

34, 661

-16.1

+36.7 -33.9
+20.4 +46.4
+15.0
+4.5

426

336

-21.1

420

279

-33.6

10, 620
7
3, 364
3 5, 282

+4.8
-3.7
+58.0

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

thousands. thousands. thousands. -

--

_

thousands
thousands-- thousands

41
177
40

|

Other Rubber Products
Rubber-proofed fabrics:
ProductionTotal
Auto fabrics
Clothing fabrics
Rubber heels:
Production
Shipments —
To shoe manufacturers
To repair trade
_Stocks, end of month

i

thous. of yds _
thous. of vds _
thous. of yds._

7

1,579
400
656

1,730
659
646

2,445
1,099
778

954

1,587
595
693

thous. of pairs-

15, 097

11, 367

12, 769

11, 109

13, 472

15, 469

thous. of pairs. _
thous. of pairs _
thous. of pairs..

6, 157
3,282
56, 681

6,818
4,002
58, 326

7,541
5,902
56, 701

8,651
6,370
51,699 1
i

10, 166
8,509
37, 740

11,046
7,209
34, 927

186, 918
162, 083
205, 935
15, 866

189, 580
161, 478
234, 037
19, 127

165, 312
155, 229
241, 754
26, 067

115, 600
140, 377
194,300 |
28, 759

118, 571
136, 391
276, 347
23, 369

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

225, 664
226, 364
39, 078
102, 344
2.95

220, 142
220, 118
39, 274
106, 250
2.95

204, 922
205, 772
42, 412
131, 769
2.75

193, 158
189, 822
40, 220
107, 752
2.68

198, 142
196, 548
42,350
106, 879
2.68

-5.6 +3.4
-3.6 +4.7
-7.2 +0.1
+2.0 +23.3
+6.8 +2.6

121, 339
120,957 !
135, 054

10, 141
3, 495
3 3, 342
7

7

102, 089

101, 260

68, 227
36, 106

57, 533
30, 660

+15.8 i 1, 174, 834
+8.5 ! 1, 138, 208
-21.2
-10.4 i 206, 706

1, 227, 018
1, 218, 350

I

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
dolls, per 100 lbs_.

Newsprint Paper
Production:
145, 327
141, 032
United States
short tons
151, 739
153, 969
Canada .
short tons
172, 670
Consumption
__ ..
176, 893
Shipments:
142, 294
144, 600
United States.
short tons
Canada
_
.short tons,. 154, 015 151, 990
Imports
_.
short tons.. 168,463 134, 870
3
Seven months' cumulative ending July 31.




130,197.
147, 005
224, 948
21, 645

4 225, 330 4 217, 150
4 223, 214 4 213, 550
4 42, 132
4 45, 710
136, 577
129, 237
2.95
2.95

142, 166
158, 601
161, 156

140, 516
163, 037
147,584

139, 259
162, 545
151, 144

121, 550
121, 849
130, 986

141,521
161, 108
162, 972

142,690
161, 824
153, 865

136, 564
160, 031
161. 063

119, 586
122, 490
117.479

4 Revised.

182, 162

+4.4
+7.0
-11.9

1,644,224
1, 636, 286

1, 755, 606
1, 760, 224

+6.8
+7.5

882, 994

930, 932

+5.4

-0.9 +14.8 ' 1, 005, 832 1,123,858
-0.3 +34.4
990, 343 1, 219, 335
+2.4 +11.9 I 1,138,132 1, 285, 571

+11.7
+23.1
+13.0

-4.3 +13.6 i 992, 320 1, 117, 982
-1.1 +32.1
988,933 1, 214, 128
+4.7 +56.8 ! 955. 703 1. 199. 280
Six months' cumulative ending June 30.

+12.7
+22.8
-4-25.5

120, 189
121, 181
102.741 1

7

-11.8
-4.5
-13.6
+23.6

33

TREND OF BUSINESS MOVEMENTS—Continued
1936

PER CENT INCREASE (+) OR

1925

DECREASE (— )

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

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

The cumulatives shown are through
August except where otherwise noted.

Earlier data for items shown here may
be found on pages 22 to 151 of the

August, August,
1926,
1926,
from
from
July, August,
1925
1926

August, 1926, "Survey"

April

May

July

June

August

July

August

me

1925

|

PAPER AND PRINTING— Continued
Newsprint Paper— Continued
Exports:
United States
Canada
Stocks, end of month:
At millsUnited States
Canada
At publishers
In transit to publishers
Price, roll, f o b

short tons
short t k ons__

2,392
112, 828

1,941
135, 251

1,526
141, 889

1,902
150, 778

1,206

968
107, 767

1,558
116, 232

-36.6

-22.6

short tons
short tons
short tons..
short tons
dolls per 100 Ibs

19, 478
12, 415
128, 685
32, 506
3.50

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

18,852
11, 795
115, 714
32, 291
3.50

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

19,098
15, 624
165, 229
36, 316
3.50

34,079
23, 258
166, 368
29, 617
3.70

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

+15.6
+20.5
+8.5
+14.2
0.0

-45.6
-31.9
-1.1
+20.1
-5.4

649
189

847
146

491
88

606
108

668
126

489
95

11,471
11,908
104

12, 250
11, 537
96

12, 946
12, 4432
97

11, 638
9,578
89

11, 767
9,533
91

12, 152
12, 042
90

13, 196
3 784, 990

+8.7
+23.4

14, 347
3 968, 881

*"

j

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

13, 288
12, 625

+14.2
+31.8

+9.3
+4.8

3 4, 473
3940

3 4, 485
3919

+0.3
-2.2

95, 843
92, 913

99, 221
93, 762

+3.5
+0.9

Box Board
Operation, _
inch hours.. 48,455,219 48,269,046 49,036,327 48,607,891
4
Operation
per ct. of capacity 4 4 101.0 4 4 108. 8 4 4 108. 1
107. 9
Production
tons 4 207, 623 4 203, 937 4 218, 555 4 209, 961
4
Orders received
tons
200, 154
198, 154
211,
907
238, 836
Unfilled orders, end of month.
tons 4 89, 622 4 83, 293 4 109, 437
122, 667
Consumption of waste paper
tons 4 198, 161 4 188, 691 4 208, 728 4 200, 927
Shipments
.
tons
208, 789 4204, 617 4212, 741 4 4209, 538
4
Stocks, end of month
.
tons
51, 447
52, 060
59, 086
57, 416
Stocks of waste paper, end of month:
On hand.
_ tons 4 145, 772 4 136, 895 4 136, 380 4 147, 523
In transit and unshipped purchases, .tons. _
50, 803
44, 802
57, 820
60, 391

8, 272, 036 8, 069, 721
94.6
101.1
196, 522
196, 527
4
216, 013 211,385
119, 248
111,919
184, 295 188, 301
190, 667 204, 766
64, 600
55, 560

160, 099
46,311

149, 984
44, 359

354,531,200 358,683,311

+7.6

3 1,292,646 3 1,444,815
3 1,287,034 3 1,449,532

+11.8
+12.6

1,227,501 3 1,309,7393 1,275,740 3 1,436,409

+6.7
+12.6

Other Paper
Book paper, total:
Production
__ _ ..short tons
116, 589
Stocks, end of month
short tons
56, 137
Coated book paper:
Production
.
per ct. of normal
92
Shipments.. .per ct. of normal production. _
97
Orders
per ct. of normal production. _
82
Unfilled orders, end of month
days..
8
Uneoated book paper:
Production
per ct. of normal
100
Shipments__.per ct. of normal production..
98
Orders.
per ct. of normal production..
90
Unfilled orders, end of month
days..
12
"Wrapping paper:
Production. __
short tons
89, 461
Stocks, end of month
short tons
69, 093
Fine paper:
Production
short tons
40,855
Stocks, end of month
short tons
49, 594
All other grades:
Production __
short tons
101,035
Stocks, end of month __
short tons
75, 703
Total paper (inc. newsprint and boxboard):
Production __
short tons
700, 890
Stocks, end of month
short tons.. 321, 452

856, 570

S89, 385

+3.8

—2. 9
— 35. 7

720, 786

705, 304

-2.1

+7.6
+2.9

+7.9
+4.8

296, 633

313.626

+5.7

-3.9
-6.6

-5.5
+16. 7

799, 867

Si 5, 272

+1.9

4, 820, 658

+6.8

2, 657, 401
2, 054. 228
609, 113

3, 149, 407
2,476,138
673, 269

+18.5
+20.5
+10.5

3 620, 494
3 83, 371

3 3603, 056
97, 824

-2.8
+17.3

109, 594
62, 312

111, 786
67, 920

100, 607
64, 524

108, 656
67, 750

101,817
61, 600

105, 890
64, 064

+8.0
+5.0

+2.6
+5.8

89
87
79
6

88
88
83
6

83
84
81
6

87
81
89
9

76
77
73
8

70
73
75
7

+4.8
-3.6
+9.9
+50.0

+24. 3
+11.0
+18.7
+28.6

99
92
90
12

92
88
86
12

88
87
91
13

94
91
92
13

87
80
81
10

91
88
90
11

+6.8
+4.6
+1.1
0.0

+3.3
+3 4
+2.2
+18. 2

84, 142
67, 652

90, 286
63, 854

87, 586
105, 514

93, 002
99, 284

+7.3
-5.6

36, 489
52, 106

39, 273
53, 616

35, 143
50, 001

36, 399
51, 143

98, 006
81, 963

94, 163
76, 575

94, 629
67, 594

99, 672
65, 612

637, 247
383, 388

652, 829
370, 742

4
4

82, 905
70, 147
39, 271
51, 040

87, 391
72, 019

4
4

36, 780
53, 673

104, 575
80,834

4

681,314
334, 600

4
4

4

103, 594
84, 146

4
4

700, 272
354, 028

669, 756
341,862

34, 515, 044

3

Paperfooard Shipping Boxes
Production:
Total
Corrugated
Solid
fiber
Operating activity:
Total
CorrugatedSolid
fiber

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

379, 259
299, 641
79, 618

382, 405
298, 150
84, 255

387, 650
302, 622
85, 028

403, 386
316, 039
87, 347

441, 593
348, 835
92, 758

340, 608
257,879
82, 709

361, 424
286, 261
81, 163

+9.5
+10.4
+6.2

+22.2
+21.9
+14.3

per cent of normal
__per cent of normal
__per cent of normal

81
82
77

79
79
78

77
77
78

77
78
75

82
83
79

76
75
77

79
80
74

+6.5
+6.4
+5.3

+3.8
+3.8
+6.8

104

95

123

127

138

136

151

+8.7

-8.6

74.1

78, 130
11, 407
91.8

85, 194
8,947
100.9

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




3

85, 142
82, 181
93, 003
77, 756
15, 669
14, 962
12, 277
13, 591
98.2
113.4
101.9
98.1
Seven months' cumulative ending July 31.

4

-27.3 -26.6
Revised.

34

TREND OF BUSINESS MOVEMENTS—Continued
1926

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

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31

i

April

May

June

July

6,209
1,357
166, 224

5,858
1,379
162, 565

4,318
1,277
166, 738

3,793
1,143
160, 732

197
197

195
196

197
197

August

August, August
1926,
1926,
from
from
July, August,
1926
1925

July

August

8,933
1,348

3,759
1,109
162, 256

9,058 +135. 5
1,298 +17.9
145, 571

-1.4
+3.9

196
196

195
195

195
194

-0.5
-0.5

+0.5
+1.0

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

1925

1926

37, 401
9,324
3 1, 008, 017

38, 362
10, 288
3 943, 500

+2.6
+10.3
-7.3

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Minneapolis Minn
number _.
Portland Oreg
••
number.
Real estate conveyances (41 cities) — number __
Building Costs (Index Number)
Building materials:
Frame house 6-room, 1st of month
Brick house, 6-room, 1st of month
Concrete factory costs (Aberthaw), 1st of folBuilding costs (Engineering News Record),
1st of following month _
Construction index:
Frame
index number _ _
Brick wood frame
index number __
Brick' steel frame* .
index number. _
Reinforced concrete
__ .index number ._

196.
197
199

199

199

198

197

194

194

-0.5

+1.5

207

205

208

208

208

205

202

0.0

+3.0

205
213
200
202

203
213
200
202

203
213
200
201

203
213
197
200

203
213
198
200

199
208
201
199

199
209
200
200

0.0
0.0
+0.5
0.0

+2.0
+1.9
-1.0
0.0

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

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

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

12, 438
6,918
39 829
5J196

13, 153
5,643
48, 081
7,645

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

+16.2
-24.9
+13.8
-11.6

-28.1
+44.9
-23.5
-1.0

100, 763
38, 642
342, 894
41, 456

96, 712
53, 333
338, 207
36, 842

-4.0
+38.0
-1.4
-11.1

6,012
80, 704

5,938
73, 802

4,901
66, 004

7,207
72, 220

7,251
82, 210

8,736
88, 594

+47.1
+9.4

-17.5
-18.5

45, 655
577, 987

43, 309
572, 142

-5.1
-1.0

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

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

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

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

67, 166
58, 148
224, 713
57, 572

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

+19.7 -26.1
+7.3 +182. 2
+20.3 -18.9
+0.1 +21.5

570, 484
273, 486
1, 668, 504
296, 102

579, 494
444, 839
1,717,647
255, 584

+1.6
+62.7
+2.9
-13.7

46, 978
520, 707
520, 707
57, 140

47, 798
523, Oil
523, Oil
54, 186

48, 374
501, 380
501, 380
33, 865

58, 153
574, 046
574, 046
31, 696

48, 658
529, 000
529, 000
22, 179

67, 996
589, 690
589, 690
31, 207

+20.2
+14.5
+14.5
-6.4

-14.5
-2.7
-2.7
+1.6

379, 261
363, 362
3, 778, 944 4, 065, 293
3, 778, 944 4, 065, 293
178, 931
259, 105

-4.2
+7.6
+7.6
+44.8

32,764

28, 676

31, 723

27,833

29,622

23, 349

-12.3

+19.2

250, 519

288,342

+15.1

-8.6
—4.5
-0.4
-10.8
+15.3
-98.9
-5.3

3, 841, 399
3, 753, 201
3, 766, 949

3, 620, 277
3, 743, 665
3, 772, 757

-5.8
-0.3
+0.2

487, 349
116, 204

384, 285
19, 646

-21.1
-83.1

-7.8
-4.9
—18.3
+56.9
+163. 5

4, 247, 727
4,425,444
4,429,471
380, 697
210,465

4, 309, 504
4,464,386
4,483,191
491, 007
369, 589

+1.5
+0.9
+1.2
+29.0
+75.6

+0.6
+3.1
-1.3

352, 275
313, 717
306, 766

346, 939
325, 439
346, 778

-1.5
+3.7
+13.0

-1.5
+1.7
+6.3

870, 719
790, 963

1, 002, 982
945, 597

+15.2
+19.6

-0.8
+17.0
+15.1

1, 201, 199
1, 129, 611

1, 207, 184
1, 201, 662

+0.5
+6.4

3324,434
3 318, 678

3 299, 517
3 299, 014

-7.7
-6.2

-28.2
-6.0
-5.2

423, 989
356, 473
327, 857

341, 747
375, 671
355, 433

-19.4
+5.4
+8.4

-14.5
+52.0

110, 519
81, 906

91, 144
100, 163

-17.5
+22.3

Construction and Losses
Contracts awarded (36 States):
14, 981
Commercial buildings
thous. of sq. ft..
5,277
Industrial buildings
thous. of sq. ft..
Residential buildings
thous. of sq. ft.. 51, 756
4,907
Educational buildings
thous. of sq. ft..
Other public and semi5,889
** public buildings
thous. of sq. ft. _
Grand total
thous. of sq. it-- 83, 454
Contracts awarded, value (36 States) :
87, 895
Commercial buildings
thous. of dolls..
Industrial buildings
thous. of dolls. _ 41, 524
Residential buildings
thous. of dolls.. 257, 965
. Educational buildings
thous. of dolls.. 37, 245
Other public and semipublic buildings
thous. of dolls. _ 50, 685
Public works and utilities. _ thous. of dolls.. 552, 253
Grand total
thous. of dolls. _ 552, 253
37, 292
Contracts awarded, Canada
thous. of dolls..
Fire losses:
United States and Canada-.thous. of dolls. . 52,408
LUMBER PRODUCTS
Softwood Lumber
Southern pine:
471, 4SO 488,035
-0.8
Production (computed)
M ft. b. m_. 454,005 460, 346 449, 745 449,794 446, 163
473, 900 489, 390
-1.0
Shipments (computed)
M ft. b. m.. 492, 779 479, 176 469, 108 471, 819 467, 317
498, 055 501, 976
474, 287 489, 003 435, 126 460,685 499, 991
+8.5
Orders (computed)
M! ft. b. m
-1.4
Stocks, end of mo. (computed).M ft. b. m_. 1, 120, 803 1, 102, 498 1, 086, 086 1,070,179 1, 055, 408 1, 189, 859 1,183,800
46, 141
48,992
65, 871
40,029
56,9.08
+3.0
46, 905
44, 790
117
271
10,381 +37.6
Exports' timber
M ft. b. m_.
183
156
85
16,040
42.89
44.63
45.31
46.88
43.17
-0.6
Price
flooring
dolls per M f t b m
44.66
45.76
Douglas fir:
483, 012 559, 559
+4.8
Production
M ft. b. m__ 521, 062 545, 682 560,455 491,965 515,690
561, 798 553, 740
+3.4
Shipments (computed)
M ft. b. m.- 538, 072 583, 732 577, 913 508,975 526, 434
582, 837 589,104
-9.6
New orders
M ft. b. m._ 514, 795 562, 693 573,884 532, 253 481, 221
53,822
34,298 +20.9
61, 632
65,340
44, 531
41,715
70,816
Exports lumber
M ft. b. m _
58, 747
22, 298 +62.9
65, 518
36,065
20, 216
Exports timber
M! ft. b. m__ 54, 261
53, 437
16.50
16.50
16.50
Price, No. 1 common-dolls, per M ft. b. m._
17.50
16.50
16.50
California redwood:
47, 182 +54.2
40,404 « 30, 762
47,448
37,416
42, 413
Production (computed) ,
M ft. b. m._
50, 023
49,418
32, 025
47, 941 +31.1
40,448
37, 702
41, 370
47, 687
Shipments (computed)
M ft, b. m._
45, 978
42, 530
29, 414
46, 571 +34.7
46, 352
Orders received (computed).. -M ft. b. m._
39, 390
34,135
California white pine:
166, 656
173, 701 +10.9
Production
M ft. b. m__ 148, 662 161, 382 169, 450 154,409 171, 163
127, 671
+3.4
115, 795 125, 582
117, 601 133, 923 123, 414
123, 666
Shipments
M ft. b. m
584, 721 619, 829
+8.7
521, 153 521, 237 605, 169 606, 335 659, 098
Stocks end of month
M! ft. b m
Western pine:
179, 468 179,044
+1.3
Production (computed)
M ft. b. m__ 164, 256 179, 111 180, 746 4 175, 363 177, 561
+8.5
154, 981 160, 097
Shipments (computed)
M ft. b. m._ 144, 836 144, 653 154, 785 < 172, 648 187, 249
-1.9
996, 619 1,006,021
Stocks, end of mo. (computed) -M ft. b. m__ 1, 081, 820 1, 145, 787 1, 170, 478 41,180,321 1, 157, 542
North Carolina pine:
39, 305
61, 033
46, 347
58, 898
45, 136
54, 222
Production (computed)
M! ft. b. m
43,631
43, 729
53, 018
49,490
47, 348
63,350
Shipments (computed)
" M! ft. b. m
Northern pine:
Lumber—
51,549
45, 528
63, 407 -11.7
43, 493
51, 571
64,313
45, 493
Production
M ft. b. m__
49,890
49, 534
53, 065 -11.7
47, 351
51, 972
56,490
46, 732
Shipments
M ft. b. m
+7.7
46, 783
50, 389
48, 928
53, 152
41, 874
50,690
46, 170
Orders received
M ft. b. m
Lath15, 944
13, 127
15, 356 -17.7
15, 728
18, 397
9,950
Production
_ _ _ M ft. b. m__
10, 076
16,942
11, 144 +26.2
18, 348
13, 422
11, 444
14, 576
9,570
Shipments
M ft. b. m
Northern hemlock:
19, 905
33, 923
16, 229
24, 298
17, 712
16,291
Production
M! ft. b. m
21, 738
20, 890
21, 892
25, 107
20, 154
Shioments .
.
M ft. b. m._ 20, 326
3
< Revised.
Seven months' cumulative ending July 31.




3 113, 938
3 120, 865

+6.0
3 120, 798
3 133, 289 1 +10.3

35
TREND OF BUSINESS MOVEMENTS—Continued
1926

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

April

May

June

July

26,649
27, 190
25, 379
24, 094

26, 407
26, 536
21, 750
24, 038

29,264
21, 052
20, 151
19, 094

28, 389
20, 636
19, 088
22, 342

47, 226
30, 249

41, 499
25,863

27, 470
26, 867

17, 169
26, 468

26, 223
28, 909

3,077
3,143
17, 368

2,787
2,778
16, 974

3,043
3,074
16, 992

2,143
3,057
15, 463

2,597

3,380

3,417

2,472
1,513

2,630
2,151

2,803
2,961

80, 000
85, 000
81, 000

85, 000
82, 000
87,000

95, 000
84, 000
92, 000

94, 000
91, 000
92,000

790, 558
224, 164
252, 375

807, 583
229, 017
258, 404

820, 714
235, 525
259, 965

626, 807
175, 405
192, 072

636, 253
175, 453
198, 839

193, 150
61, 955
67, 863

202, 383
69, 200
67, 212

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST

PER CENT INCREASE (+) OR
DECREASE (— )

1925

31

August, August,
1926,
1926,
from
from
July, August,
1926
1925

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

1925

1926

20, 811
35, 640

3 293, 188
3 176, 762

3 288, 237
3 109, 310

-1.7
-38.2

3,873
2,940
20, 736

3,491
3,237
20, 898

3 28, 271
3 24, 387

3 20, 223
3 23, 304

-28.5
-4.4

2,399

2,880

2,637

3 23, 328

3 19, 209

-17.7

2,168
3,193

2,656
4,599

2,637
4,599

3 22, 581

3 17, 270

-23.5

94, 000
97, 000
93, 000

74, 000
73, 000
83, 000

72, 000
86, 000
91, 000

0.0 +30. 6
+6.6 +12.8
+1.1 +2 2

819, 196
232, 729
269, 228

824, 661
223, 865
273, 426

802, 349
242, 377
252, 198

781, 610
231, 784
242, 544

+0.7 +5.5
-3.8 -3.4
+1.6 +12. 7

640, 937
175, 186
199, 732

641, 713
166, 894
210, 390

642, 551
165,011
215, 312

653, 174
196, 281
201, 981

635, 618
184, 064
194, 514

+0.1 +1.1
-1.1 -10.4
+2.3 +10.7

210, 850
73, 617
68, 836

206, 584
73, 191
67, 198

207, 768
70, 279
63, 942

169, 152
52, 736
57, 236

171, 277
58, 245
56, 862

+0.6 +21.3
-4.0 +20.7
-4.8 +12.5
20, 971, 767 20, 350, 025
1, 281, 597 1,325,803

-3.0
+3.4

135, 968

123,834

-8.9

August

July

August

LUMBER PKODUCTS-Continued
Hardwood Lumber
Southern cypress:
Production
M ft. b. m
Shipments
M ft. b. m
New orders
M ft. b. m
Unfilled orders, end of month.. M ft. b. m._
Northern hardwoods:
Production
M ft. b. m
Shipments
M ft. b. m _
Walnut lumber:
Production;.
M ft. b. m
Shipmp/nts

TVT f t b m

Stocks, end of month
M ft. b. m
Walnut logs:
Purchased
_ _ _ _ _M ft. log measure-Made into lumber and
veneer
M ft. log measure-Stocks, end of month.__M ft. log measure-All hardwoods:
Production (computed)
M ft. b. m__
Shipments (computed) .._
M ft. b. m_.
Orders (computed)
M ft b m
Total stocksTotal hardwoods
M ft. b. m _
Gum
M ft. b. m
Oak
M ft. b. m
Unsold stocksTotal hardwoorls
1VT ft. b. m
Gum
M ft b m
Oak
M ft. b. m
Unfilled ordersTotal hardwoods
M" f t b, m
Gum
M ft. b. m
Oak
M ft. b. m

I
\

I

j
;

Total Lumber
Production, 10 species
M ft. b. m 2, 591, 512 2, 677, 098 <2,582,349 <2,443,684 2, 600, 000 2,563,211 2,800,999
Exports, planks, joists, etc
M ft. b. m__ 173, 675 173, 466 178, 197 142,895 156,875
158, 369
132, 089
Retail yards, Minneapolis district:
Sales..
M ft. b. m
14, 554
19, 021
22, 543
20, 611
20, 268
23, 321
« 22, 245
Stocks, end of month
M ft. b. m
117, 447 114, 779 112, 412 109, 909 109,822
114,887 * 115,794
Composite lumber prices:
Hardwoods
dolls per M ft. b. m
41.70
41.96
39.95
41.61
39.95
40.22
40.16
Softwoods
dolls, per M ft. b. m
30.22
31.48
30.21
29.93
31.46
29.85
30.15
Flooring
Maple flooring:
Production
M ft. b. m
Shipments
M ft. b. m
Stocks, end of month
M ft. b. m
Orders booked—
M ft. b. m
Unfilled orders, end of month M ft. b. m
Oak flooring:
Production
M ft. b. m
Shipments
M ft. b. m
Stocks, end of month
M ft. b. m
Orders booked—
M ft. b. m
Unfilledorders, end of month. _M ft. b. m__

+6.4
+9.8

-7.2
+18.8

-1.7
-0.1

-8.9
-5.2

0.0
-0.9

-0.5
-0.7

9,339
9,099
30, 733
8, 281
9,919

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

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

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

11,316
13, 911
31, 546
11, 155
9,987

7,962
10, 167
28, 399
12, 172
11,012

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

+35.9
+33.6
+10.5
+24.5
+14.1

+35.9
+31.6
+30.8
-3.3
-10.3

66,849
66,688

72, 282
72, 722

+8.1
+9.0

67, 546

70, 362

+4.2

48,642
43,007
62, 656
40, 223
42, 491

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

44, 056
46, 035
69, 737
45, 302
41, 744

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

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

44, 026
48, 029
45,155
49,904
53, 740

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

+3.6
+3.2
-3.8
+4.7
+10.4

+0.2
-2.4
+32.2
-8.5
-27.6

338, 426
337,492

363, 278
347, 945

+7.3
+3.1

340, 266

334, 365

-1.7

42,941
50, 130

41, 695
48, 025

40, 331
68,891

44, 700
53, 420

53,940
63, 030

3 270, 610

3 326, 185

+20.5

22
29

22
28

26
42

29
27

25
34

25
30

Wooden Furniture
Household furniture and case goods:
Shipments
dolls., average per firm
48, 486
Unfilled orders
dolls., average per firm-- 49, 344
Grand Rapids district:
24
Shipments
No. of days' production
20
New orders
No. of days' production-Unfilled orders, end of
month
No. of days' production-.
55
Oustanding accounts, end of
50
month
No. of days' sales
23.0
Cancellations
per cent of new orders. .
100
Plant operation
per cent of full time. Piano benches and stools:
8,784
New orders
.
dollars ._
3,149
Unfilled orders, end of month
dollars-Shipments —
8,782
Value
.- . _
dollars.Quantity
pieces.. 11, 140

+11.5 +16.0
-35.7 -10.0

57

60

72

68

63

64

-5.6

+6.3

47
25.0
100

47
11.0
100

46
5.0
97

55
7.0
100

56
8.0
95

60
7.0
96

+19.6
+40.0
+3.1

-8.3
0.0
+4.2

9,256
2,592

8,332
1,897

8,231
2,511

10, 101
3,408

9,219
3,324

10, 793
4,047

+22.7
+35.7

-6.4
-15.8

83, 401

79, 903

-4.2

9,443
11, 690

9,878
11, 153

7,604
9,979

9,017
11, 875

9,077
10, 638

10, 052
11, 863

+18.6
+19.0

-10.3
+0.1

82, 402
100, 639

77,384
92,403

-6.1
-8.2

Plywood and Veneer
Plywood:
2,609
3,605
3,301
Bookings
thous of sq. ft. of surface
3,696
4,189
3,678
3,936
Shipments
tlfous. of sq f t . of surface. .
3,406
Unfilled orders, end of
3,824
3,443
4,278
4,437
month
thous of sq ft . of surface
Rotary-cat veneer:
344
138
126
227
Purchases
number of carloads
182
208
172
Re cei nts
n n m ber of ca rl oad s . .
3
Seven months' cumulative, ending July 31.




3,824
3,456

+3 5
+1.5

4,708

+6.1

248
172

+9 3
0.0
•» Revised.

36

TREND OF BUSINESS MOVEMENTS—Continued
1926

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

PER CENT INCREASE (+) OR
DECREASE (— )

1925

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31
j

April

May

June

July

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1926
1925

1925

!

1926

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

LUMBER PRODUCTS— Continued
Barrel Headings
Circled headings for wooden barrels:
Production (rough)
Shipments (finished)
Sales (finished)
Unfilled orders, end of month
Stocks on hand, end of month

sets.. 332, 551 395, 583
760, 622 997, 792 1, 213, 395
sets. . 492, 072 581, 809 813, 932 814, 754
916, 242
sets.. 504, 087
675, 166 699, 165 847, 249 653, 905
sets.. 1, 237, 374 1, 446, 864 1, 853, 831 1, 832, 283 1, 711, 747
sets.. 1,411,589 2, 074, 040 2, 676, 208 2, 578, 671 3, 070, 079

+21 6
+12.5
—22 8
—6 6
+19. 1

STONE, CLAY, AND GLASS
PRODUCTS
Face brick, averages per plant:
Production
thousands-Shipments
thousands _
Stocks, end of month .
thousands. Unfilled orders, end of month.. thousands..
Common brick:
Stocks, end of monthBurned
thousands.
Unburned
thousands..
Shipments
•___
thousands..
Unfilled orders .
thousands. _
Plants closed down
_"L _ . .number. .
Price, red, New York
dolls, per thous..
Paving brick:
Production, actual .. -.- .
thousands
Shipments
thousands
Stocks, end of month _ _
thousands
Orders received ._
thousands. _
Cancellations
thousands
Unfilled orders, end of month.. .thousands. _
Operations relative to capacity... per cent..
Vitreous china plumbing fixtures:
Orders received
pieces..
Shipments
pieces
Unfilled orders, end of month
pieces. _
Stocks, end of month _
pieces. _
Floor and wall tile:
Production... _..
thous. of sq. ft. _
Shipments, quantity
thous. of sq. ft..
Shipments, value.
...thous. of dolls..
Stocks, end of month
thous. of sq. f t _ _
Architectural terra cotta, bookings:
Quantity
net tons
Value
thous. of dolls..

752
798
2,337
1,334

780
896
2,082
1,257

836
895
2,028
1,130

859
823
2,040
1,147

265, 093
61, 934
146, 431
277, 412
6
17.00

250, 849
77, 178
192, 065
265, 435
4
17.00

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

22, 496
16, 491
128, 137
18, 358
749
64, 081
57

21, 103
22, 645
123, 808
30, 296
302
71, 430
49

198, 116
233, 124
490, 225
532, 558

5,852
5,673

5,790
5,540

-1.1
-2.3

3 1,116, 696

3 998, 328

-10.6

229, 596
168, 438

190, 171
172, 823

-17.2
+2.6

192, 787

206, 375

+7.0

33 28, 245
28, 132
310,001

3

855
780
2,011
985

837
822
1,503
1,007

812
733
1,477
892

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

17.00

227, 306
92, 267
180, 407
292, 775
12
15.50

265, 897
89, 608
159, 309
301, 913
7
15.37

26, 342
30, 312
115, 971
35,451
3,396
75, 283
63

27, 611
37, 443
10-1, 243
41, 761
392
78, 947
71

30, 481
34, 803
92, 479
34, 266
1,261
77, 149
78

30, 635
34, 317
117, 543
29, 270
1,855
75, 389
79

34, 098 +10.4 -10.6
35, 638
-7.1 -2.3
116, 123
-8.7 -20.4
33, 209 -17.9 +3.2
1,132 +221. 7 +11.4
77, 662
-2.3 -0.7
81
-3.7
+9.9

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

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

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

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

205, 597
272, 463
519, 874
321, 155

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

5,242
5,084
1,832
8,246

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

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

5,727
5,411
2,050
8,725

4,508
4,839
1,725
7,194

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

18, 924
2,322

12, 338
1,609

10, 581
1,378

17, 613
2,165

12, 734
1,491

10, 774
1,392

15, 451
2,002

-27.7
-31.1

-17.6
-25.5

12, 401
12, 961
22, 640

16, 472
17, 951
21, 173

16, 827
19, 113
18, 900

* 17, 096
18, 786
17, 210

16, 936
18, 536
15, 610

15, 641
18, 131
13, 896

16, 419
18, 383
11, 952

-0.9
-1.3
-9.3

+3.1
+0.8
+30.6

1.65
1.75

1.65
1.75

1.65
1.75

1.65
1.75

1.65
1.75

1.75
1.75

1.75
1.75

0.0
0.0

-5.7
0.0

13, 563
8,758

14, 008
8,911

10, 750
6,948

10, 856
5,663

13, 249
6,594

12, 044
6,362

9,594
6,368

+22.0
+16.4

+38.1
+3.5

79, 571
51, 931

79, 005 i -0.7
46, 425 -10.6

9,981
495
10, 851

23, 312
968
10, 843

22, 709
1,341
10, 961

4 13, 520
605
11, 100

19, 275
890
11, 147

11, 038
581
12, 276

19, 584
956
11, 839

+42.6
+47.1
+0.4

-1.6
-6.9
-5.8

133, 887
6,354
98, 957

-9.4
121, 278
5,400 ) -15.0
87, 283 | -11.8

10, 726

11, 029

12, 525

10, 748

9,928

10, 328

3 66, 889

3 77, 918 j +16.5

2,051
74.2
1,663
2,179
5,781
9,522

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

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

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

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

3,575
47.1
42.4
43.9

3,123
42.8
45.9
41.3

3,171
41.7
47.9
45.6

1,494
25.0
36.3
34.5

2,050
29.8
42.8
36.9

2,298
30.4
35.6
34.4

2,637
34.7
41.8
38.7

+37.2
-19.2
+17.8
+7.0

2.5
4.7

1.8
3.7

1.9
3.5

2.2
6.4

2.3
6.3

+5.6
-5.4

-0.5 +5.3
+6.4
-5.2
-1.4
+36.2
+10.4
-14.1

0.0

+36.8
-1.7
+18.0
-1.8

+10.6

+78.7
-2.5
+29.0
+58.4

33, 188
228,777
312,745

+17.5
+2.3
+27.4

108, 527
12, 975

111,891
14, 058

+3.1
+8.3

104, 902
106, 600

105, 705
107, 378

+0.8
+0.7

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

.-

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

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

thous. of sq. -ft..

Glass Containers
Actual production:
Quantity
Relation to capacity
Orders and contracts
Shipments
Stocks, end of month
Unfilled orders

gross..
per cent..
gross..
gross . .
gross..
gross. .

__

+1.1
+1 0
—15 1
—4 5
+0.1
+5 6

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




3

1.3
6.0
Seven months' cumulative ending July 31.
1.0
6.3

-22.3
-14.1
+2.4
4.7
-17.4
-44.4
4
Revised.

25, 885
•

22,901

-11.5

37

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

April

PER CENT INCREASE (+) OR
DECREASE (— )

1925

May

June

July

1,127
.73
58, 082
11,696

453
.75
12, 225
6,013

1,154
.75
23, 367
25, 287

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1925
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

Per
cent
increase
( }
or tdecrease
(-)
cumulative
1926
from
1925

1926

1925

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
Exports
thous. of lbs_.
1,029
Price wholesale, 66°, N.Y.dolls. per lOOlbs..
.70
Nitrate of soda, imports
long tons
124, 370
Potash, imports
.
longtons..
24,827
Acid phosphate:
Production
__.
short tons
298, 227
Consumption
short tons
664, 036
Stocks, end of month
short tons 1, 081, 293
Fertilizer:
Consumption in southern
States
short tons
673,440
Exports
long tons.. 110,588
Dyes and dyestuffs, exports:
165
Vegetable
_ _ -thous. of lbs_.
Coal-tar
thous of Ibs
1,666
Price index numbers:
204
Crude drugs
_=,
index number
179
Essential oils
index number
Drugs and pharmaceuticals.index number. _
156
Chemicals
index number
113
Oils and fats
index number
149

355
.70
68, 791
25,954

598
.75
55, 325
27, 522

441 -48.2
.70
0.0
92, 082 +136. 8
+8.8
21,041

+35.6
+7.1
-39.9
+30.8

5,686

7,350

+29.3

892, 547
167, 512

705, 279
188, 198

-21.0
+12,3

227, 269 257, 131 4 232, 394 203, 127
175, 740
68,792 4 85, 115
92, 092
840, 543 1, 018, 246 * 1,147,998 1,049, 327

247, 092 4 212, 687
26, 568 4 86, 727
937, 662 4 881, 339

-12.5
+8.2
-8.6

-4.5
+6.7
+19.1

2, 195, 634
2, 758, 266

2, 328, 693
2, 789, 986

+6.1
+1.1

154,515
116, 228

55, 572
90, 998

22, 978
88, 622

45, 479
113, 785

13, 973
120, 171

* 60, 272
94, 089

+97.9
+28.4

-24.5
+20.9

4, 649, 552
657, 576

4, 635, 239
780, 457

-0.3
+18.7

135
2,326

269
1,661

217
2,743

558
2,449

421
2,081

431 +157. 1
2,205 -10.7

+29.5
+11.1

2,699
17, 727

1,913
16, 937

-29.1
-4.5

203
175
156
112
154

206
168
155
114
170

206
167
155
114
165

-

206
163
155
113
157

187
175
158
111
153

190
171
158
112
158

11, 803
12, 182
23, 737
2,457
2.75

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

"

0.0
-2.4
0.0
-0.9
-4.8

+8.4
-4.7
—1.9
+0.9
-0.6

Wood Chemicals
Acetate of lirne:
Production _
thous. of Ibs
13, 284
13, 040
10, 937
10, 606
11,093
Shipments or use
thous. of Ibs
12, 910
11, 626
13, 853
Stocks, end of month
thous. of Ibs
25, 282
23, 452
20, 171
24, 980
508
1,909
Exports..
thous. of Ibs
1,893
2,235
3.25
3.25
3.25
3.25
Price wholesale
dolls per cwt
Methanol, crude:
709,051 643, 476
Production
gallons
540, 076 497, 971
583, 639 629, 671 797, 594 776, 832
Shipments or use
gallons
Stocks, producers', end of month gallons.. 1,418,617 1, 442, 842 1, 230, 692 1,055,658
604, 598 677, 144 665, 854
531, 370
Purchased by refiners
gallons
Consumed by refiners
..gallons.. 633, 731 802, 337 963, 093 830, 196
Stocks at refineries, end of month, .gallons.. 850, 999 876, 428
600, 780 279, 202
Exports
gallons..
19, 317
26, 794
36, 001
37,811
.55
.55
.55
.55
Price, wholesale, N. Y
dolls, per gal__
Canada—
C onsumed
gallons _ _ 28, 072
28, 537
13, 379
337
Stocks, end of month
gallons. _
22, 451
23, 827
20, 664
33, 827
Methanol refined:
United States652, 692
685, 201
Produced
gallons. . 525, 008 477, 559
Stocks, end of month, at
623, 538 567, 444
refineries
gallons
512, 606 585, 301
Canada26, 995
27, 460
12, 670
None.
Produced
gallons
58, 465
Stocks, end of month
gallons..
75, 276
81,259
76, 108
Wood at chemical plants:
59, 021
Consumption (carbonized)
cords
75, 005
71, 220
61,115
Stocks, end of month
cords
460, 743 462, 706 436, 812 451, 006
Daily capacity, wood-chemical plants:
4,635
4, 635
4,635
4,635
Total in industry
cords
4,234
Reporting
_ .
_
cords
4,230
4,190
4,190
537
537
Shut down
cords
533
1,110

2,902
3.25

611,402
714, 658
351, 409
43, 350
.55

2 86, 714
3 82, 111

+52.0 +135. 7
0.0 +18.2

12, 732

386,822
+0.1
3 80, 538
-1.9
..
13, 599 ! +6.8

3 4,471, 943 3 4,404, 512
-1.5
*4 627, 363 599, 668
672, 181
3 4,268, 853 3 4,882, 205 +14.4
621, 134
2, 056, 207 1, 829, 218
435, 423
-8.2
4, 518, 267
395, 832
622, 570 -13.1
6, 081, 469 I
646, 490
1, 544, 175 1, 468, 549 +25. 9
289, 572
333, 945 +15.3
9, 881 +124. 4 +338. 7
28, 447
+5.2
.58
.58
0.0

None.
33, 651

21, 641
42, 944

None.
42, 077

560, 806

395, 607

526, 383

385, 765

556, 561

577, 292

-4.1

None.
42, 994

20, 700
52, 459

None.
32, 007

-26.5

66, 023
< 584, 782

64, 123
644, 589

4 4, 719
* 4, 356
935

4,639
4,308
921

35, 621
35, 545
33, 869
16, 187

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

40, 632

42, 704

36, 945

-5.8

58, 929
64, 171
11, 471

44, 957
51, 793
11,936

58, 437
68, 173
10, 635

+31.6
+28.9
+25.7

4

-0.5
i

4, 506, 494

-18.2

3 468, 953

3

479, 318

+2.2

i

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

thous of Ibs
thous. of Ibs
thous. of Ibs. _
thous of Ibs

i
34, 186
34, 284
33,528
17, 331

34, 355
35, 378
33, 506
16, 809

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

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

Naval Stores
Turpentine:
43, 122
11, 291
42, 503
Net receipts, southern ports
barrels..
28, 945
Stocks, end of month:
44, 762
24, 619
26, 719
36, 532
At three ports
barrels
49, 798
35,709
27, 414
40, 751
At five ports
barrels
4,821
5,984
9,126
At stills
barrels..
6,546
Price, southern, in barrels,
.88
.97
.87
£Jew York
dolls per gal
.86
Rosin:
137, 584
143, 415
85, 965
Net receipts, southern ports
...barrels..
40, 643
Stocks, end of month—
112, 514
132, 649
94, 035
85, 026
At three ports
barrels
144, 325
124, 114
107, 961 146, 930
At five ports
barrels
61, 997
48, 570
51, 585
40, 813
At stills
barrels
Price, common to good (B),
13.35
8.91
8.43
New York
dolls, per bbl__
11.19
i Seven m onths cum ulative, en ding July 31,




3 238, 954
3 240, 257
3 231, 830

+10.0

193, 334

181, 185

-6.3

697, 495

633, 475

-9.2

+0.8
-5.9
+7.9

.95

.97

1.01

+8.0

-5.9

138, 124

134, 609

122, 022

-3.7

+13.2

131, 636
143, 500
61, 892

211,452
238, 522
105, 709

202, 247
225, 690
115, 376

-0.8
-0.6
-0.2

34.9
-36.4
-46.4

14.61

9.98

10.89

+9.4

+34.2

4 Revised.

3 239, 609 I +0.3
3 241, 424
+0.1
-0.4
s 230, 829

""

!

1

.

38

TREND OF BUSINESS MOVEMENTS—Continued
PER CENT INCREASE (+) OR
DECREASE (— )

1925

1926

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

t

April

May

June

July

24, 520
4,269

26, 218
3,054

25, 005
4,051

July

August

August

August, August,
1926,
1926,
from
from
July, August,
1926
1925

Per

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

1925

1926

3 138, 550

3 158, 373

+21.5

37, 365
450,667

28, 033
.449, 619

-25.0
-0.2

3 123, 855

3 137, 598

+ii!"i

14,803
52,2Si
133,^07

15, 396
59,572
151, 240

+4.0
+13.9
+13.2

675, 043

764, 111

+13.2

7,323
3,065

4,714
2,391

-35.6
-22.0

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

tons
tons__

21, 545
5,186

Fats and Oils
Total vegetable oils:
Exports .
Imports

_ thous. of Ibs
thous. of Ibs

4,659
58,934

1,887
41,365

868
58,054

7,525
3,225
4,280

6,013
3,342
3,671

6,226
3,331
3,875

19,793

17, 719

17, 922

16, 445

1,898
7,996
20,445

1,700
6,713
16,646

1,581
6,736
17, 294

1,373
6,138
14, 704

Cottonseed stocks, end of month
tons._ 150, 765
Cottonseed oil:
Stocks, end of month
thous. of lbs__ 58,076
Production
thous. of lbs._ 94, 629
Price, yellow, prime,
New York
dolls, perlb..
.12

53, 495

39, 240

29, 471
46, 688

15, 406
21, 682

.12

474
308
1,167

Animal glues, sales:
Total glue.
thous. of Ibs..
Bone glue
thous. of lbs_.
Hide glue
thous. of Ibs
Oleomargarine:
Production
_
thous. of lbs_.
Ingredients consumed in productionCottonseed oil . ... thous. of Ibs
Coconut oil
thous. of Ibs..
Consumption
thous. of lbs_.

22, 360
3,751

22, 794
3,951

2,525
44,941

3,486
47, 316

1

904
74,001

541
55,971

-40.2 -84.5
-24.4 +18.3

I
1

*"•

15,809

17, 191

1,405
5,595
17, 294

1,794
5,484
15,906

1,652
6,462
17,068

+2.3
-8.8
+17.6

-5.0
-3.4
+1.3

23, 576

70, 667

32, 276 < 188, 592 +199. 7

-62.5

8,406
13, 856

10,045
19, 641

4,847
10, 238

4 17, 330
4 33, 781

.15

.15

.13

.11

.11

642
187
1,221

666
130
1, 305

478
362
976

1,029
370
579

758
364
581

11, 061

10, 182

11,870

10, 282

11, 904

9,380

10, 881

+15.8

+9.4

104, 314

89, 386

-14.3

8,902

8,075

6,079

9,210

12, 632

14, 624

24,490

+37.2

-48.4

164, 769

102, 193

-38.Q

543, 300

567, 762
199, 595

626, 482
212,719

626, 000
212, 109

20, 125
66, 521
15, 663
19, 605

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

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

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

33, 248
22, 513
41,783
22,693

38, 167 +108.8 +74.9
7,586 -36.2 +156. 2
-7.0 +65.2
43, 342
27,652 +18.8 +24.6

196, 989
157, 756

252, 214
142,811

+28.0
-9.5

9,368
12,423

8,074
11, 076

16,083
19, 652

28, 995
35,485

9,288
8,777

9,901
11,832

+80.3 +192. 8
+80.6 +199. 9

70, 265
97, 812

72, 937
101,886

18,979

27, 792

16,306

9,541

13, 097

15, 336

-41.5

72,725

120,055

+3.8
+4.2
+65.1

1.64
1.66

1.53
1.48

1.53
1.44

1.53
1.37

1.59
1.59

34, 657
6,661

37, 251
7,386

43,837
5,523

3 255, 395
3 43, 999

3 263, 937
345,994

+3.3
+4.5

7,589

7,418

8,005

9,547

8,840

9,292

3 55, 756

8,817
1,416
633,082
45

8,633
1,491
626, 138
44

9,631
1,647
668,392
48

11, 189
1,228
766,240
57

10,377
1,340
708,349
52

11,049
1,029
754,446
56

m

Cottonseed
+19.5 -42.0
+41.8 -41.9
-13.3

+18.2

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

1,412 +115. 3
+2.2
602
291 -40.7

-27.1
-38.5
+99.0

FOODSTUFFS
Wheat
Production, monthly estimate:
Winter..
thous. of bushs
548,908
Spring
.
thous. of bushs..
Visible supply, end of month:
United States...
.
thous. of bushs.
30, 780
Canada
thous. of bushs.. 94, 500
Receipts, principal markets thous. of bushs.. 14, Oil
Shipments, princupal markets -thous. of bushs.. 10,290
Exports:
United States—
Wheat only
thous of bushs
2,533
Including wheat flour, thous. of bushs. _
6,285
CanadaWheat only
thous of bushs
5,526
Prices:
No. 1, northern, Chicago.. -dolls, per bush..
1.67
No. 2, red winter, Chicago.dolls. per bush. _
1.69
Wheat Flour
Grindings of wheat:
United States (census)
thous. of bushs..
Canada
thous. of bushs
Production:
United States, actual
(census)
thous. of bushs _
United States, prorated
(Russell)
thous. of bbls..
Canada
_
thous. of bbls..
Production, grain offal
thous. of Ibs..
Capacity operated, flour mills.
.per cent..
Consumption, wholesale
(computed)
._
thous. of bbls..
Stocks, all positions, end of
month (computed)
thous. of bbls
Exports:
United States
thous. of bbls
Wholesale prices:
Standard patents, Minneapolis
_
dolls, per bbl
Winter straights, Kansas
City
dolls, per bbl
2 Final estimate for 1925.




35, 234
6,367

2398,486
2 270, 879

40, 651
5,960

1.64
-7.2
1.68 . -4.9

-37.8
-13.4
-18.5

42, 818
4,663

7,584

8,055

8,864

9,237

7,801

10, 676

6,500

6,400

6,500

7,660

7,700

7,400

834

679

667

793

1,442

775

874

8.49

8.68

8.98

7.95

8.65

8.83

-11.5

-10.0

7.40

7.34

6.81

6.74

6.95

7. 57,

-l.G

-11.0

8.76
7.51

•

3

Seven inonths' cu mulative e nding July 31.

+81.8 +65.0

4

356,956

+2.2

3 67, 269
3 66,833
3 9, 761
3 10, 253
U,407,144 84,733,004

+0.7
+5.0
+7.4

s 59,280

3 61, 595

+3.9

7,428

6,433

Revised.

-13.4

39
TREND OF BUSINESS MOVEMENTS—Continued

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

May

PER CENT INCREASE (+) OR
DECREASE (-)

1935

1936

June

July

August

August

August, August,
1926,
1926,
from
from
July, August,
1925
1926

844
6,832
9,891
10, 697
4,430

22,900,581
849
7,135
17, 774
9,373
5,567

-14.7 +36.4
-16.3 +214. 7
-16.5 -35.4
-22.7 -11.6
+8.2 +21.0

1.07

1.05

July

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31

1935

1936

Per
cent
increase
(
ort>
decrease
(-)
cumulative
1926
from
1925

FOODSTUFFS— Continued
Corn
Production, monthly estimate -thous. of bushs__
2, 661, 000 2, 660, 780 2,576,936 2, 697, 872
Exports, including meal
thous. of bushs. _
1,158
2,210
1,865
1,831
1,358
Visible supply, end month
thous. of bushs__
32, 279
26,821
22,455
34, 937
27, 469
Receipts, principal markets thous. of bushs..
11, 482
11, 731
13, 748
13, 166
24,306
Shipments, prin. markets
thous. of bushs_.
9,927
11, 124
10, 724
8,288
12, 497
Grindings (starch glucose)
thous. of bushs..
6,314
6,222
6,735
5,611
5,490
Prices, contract grades, No. 2,
Chicago.
.
dolls, per bush. .
.72
.73
.72
.81
.80

+1.3

—22.9

48, 399 +149. 7
54, 715 +23.3
7,073 -30.0

-52.3
-22.3
-85.5

-4.8

-4.8

6,298

18, 433 +192. 7

150, 543
98,299
44,339

150, 874
82,300
51, 703

+0.2
-16.3
+16.6

156,312

109, 557

-29.9

21, 371

14,353

-32.8

Oats
Production, monthly estimate. thous, of bushs..
Receipts, principal
markets ...
_
thous. of bushs..
Visible supply, end month
thous. of bushs..
Exports, including meal
thous. of bushs..
Prices, contract grades,
Chicago
dolls, per bush..
Qrindings, Canada
thous. of bushs..
Production, oatmeal and rolled
oats Canada
thous. of Ibs

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

21,501,909

12,378
39, 995
3,255

13, 400
38, 768
2,429

9,241
34, 489
1,468

23, 078
42, 529
1,028

16, 591
28, 020
4,292

.42
764

.42
589

.41
652

.42
800

.40

.48
667

.42
727

9,523

6,990

9,137

11, 224

8,581

9,347

190, 959

191, 088

195, 204

2,528
4,431
734

3,058
3,293
996

1,466
2,299
1,386

5,150
3,581
1,523

.69

.69

.68

.72

.65

44,791

41, 131

39, 666

41, 900

41, 900

1, 30113, 271
1,424
.89

1,364
9,984
3,219
.84

1,202
10, 748
1,085
.91

802
8,659
2,195
1.04

2,007
9,325
318
1.01

403
3,357
3,794
.98

13, 696

21, 758

17, 773

26, 059

39, 512

23, 647

194, 321
432, 530

118,885
332, 322

105, 923
283, 299

74, 634
259, 953

259,953

pockets (100 Ibs.)
471, 143
473, 963
pockets 000 Ibs.) . 122, 908
113, 558
pockets (100 Ibs.) 1,556,393 1, 179, 488
pockets (100 Ibs.)
35, 926
38,140
pockets (100 Ibs.)
156, 964
114, 174

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

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

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

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

1,894
668
218
1,194

13, 762 48,704
3,043

3 4, 827

3 5, 599

+16.0

3 57, 047

3 73, 971

+29.7

35, 606

23,886

-32.9

12, 980

7,521

-42.1

+3.5
1,939 +150. 2
+7.7 +152.8
3,688
-85.5 -69.3
1,036
-2.9
-5.6
1.07

15, 081

io, 310

-61.6

27, 561

8,993

-67.4

+51.6

+55.8

170, 7t>5

151,186

-11.5

8,252
8,252

566, 268 +248. 3
566, 268

-54.1

1, 353, 852 2, 461, 380 +81.8
3 175, 451 33,454,992 +193. 9

310, 412
142, 589
715,632
50, 504
68,739

140, 316
89, 607
95, 427
13, 946
63, 238

315, 239 +11.3
101, 054 +313. 0
398, 186
-6.8
25,865 +24.8
109, 753 -22.0

-1.5
+41.1
+79.7
+95.3
-37.4

3, 396, 123 3, 904, 278
923, 735
908,558

+15.0
+1.7

501, 658
541, 947

372, 129
1, 032, 567

-25.8
+90.5

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

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

42
2,667
17, 467
1,725
3,587
71,783

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

+42.6
-14.6
-25.8
+65.5
-24.3
-13.8

+35.9
-20.9
+3.1
+8.6
+85.6
-38.3

23,279
152, 605
15, 768
63, 989
545, 519

33, 254
138, 212
17, 975
66, 572
530, 305

+42.8
-9.4
+14.0
+4.0
-2.8

1,871
658
169
1,217

1,821
658
198
1,168

1,997
776
252
1,171

1,970
706
243
1,252

2,245
886
360
1,281

+9.7
+17.9
+27.3
+0.3

-11.0
-12.4
-30.0
-8.6

14, 784
5,300
1,857
9,305

14, 496
5,142
1,624
9,241

-1.9
-3.0
-12.5
-0.7

457, 575
465, 155
1,502

495, 925
498, 764
2,292

447, 515
495, 007
2,501

461, 661
465, 874
2,168

478, 231
489, 204
2,369

444, 474
447, 509
2,382

+3.2
-5.9
-13.3

+4.9
+4.1
-8.5

3, 493, 049
3, 581, 439
18, 159

3, 616, 614
3, 701, 701
16, 393

+3.5
+3.4
-9.7

52, 579

48, 688

46, 048

41, 754

49, 674

45, 214

-9.3

-7.7

9.06
.160
.159

9.59
.160
.162

9.42
.162
.170

8.98
.160
.170

11.56
.178
.192

12. 08
.185
.188

-4.7
-1.2
0.0

-25.7
-13.5
-9.6

3,037
1,164
68
1,872

3,143
1,048
72
2,087

2,854
989
49
1,873

29, 574
10, 709
316
18,863

26, 228
9,903
473
16, 314

-11.3
-7.5
+49.7
-13.5

Other Grains

Barley:
Production, monthly est_. thous. of bushs. _
Receipts, principal
markets
thous. of bushs__
Visible supply, end mo
thous. of bushs..
Exports.
thous. of bushs
Price fair to good, malting,
Chicago.
dolls, per bush
Rye:
Production, monthly est_. thous. of bushs..
Receipts, principal
markets..
thous. of bushs
Visible supply, end mo
thous. of bushs..
Exports, including flour... thous. of bushs..
Price, No. 2, Chicago
dolls, per bush..

3,104
2,835
1,352

2 218, 002

3,086
1,099
1,940

11, 929 +251. 3
3, 367 +55.8
+9.9
4,564

-56.8
+6.4
-66.6

.88

-9.7

-19.8

.81
2 48, 696

Total Grains
Total grain exports, incl. flour.thous. of bushs..

25, 354

Rice
Southern paddy, receipts at
Total movement to mills
Shipments:
Total from mills
.
New Orleans
Stocks, end of month
Exports
Imports...

mills.

bbls_.
bbls._

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

1,691
3,990
13, 718
1,924
10, 894
66, 037

Cattle and Calves
Cattle movement, primary markets:
1,711
Receipts .
__ -thousands
Shipments, total
thousands
603
Shipments, stocker and feeder.. thousands..
206
Local slaughter
thousands
1,113
Beef products:
Inspected slaughter product_.thous. of Ibs. _ 450, 142
Apparent consumption
thous. of lbs_. 460, 438
Exports
thous. of Ibs. .
2,180
Cold-storage holdings,
end of month
thous of Ibs
59, 978
Pri ces, Chicago:
Cattle corn-fed
dolls per 100 Ibs
9.13
Beef, fresh native steers
dolls, per lb._
.160
Beef, steer rounds, No. 2
dolls, per Ib
.152
Hogs and Pork
Hog movements, primary markets:
3,135
Receipts
thousands
1,264
Shipments, total
-thousands ._
54
Shipments, stocker and feeder. -thousands. .
1,871
Local slaughter
thousands
2
Final estimsite for 1925




2,549
2,798
-1.8 +10.0
995
952
+9.6 +13.9
+4.1 +70.0
35
30
1,804
1,586
-8.6 +7.9
» Seven nlonths' curnulative eriding Jul y3i.
2,804
1,084
51
1,711 J

40

TREND OF BUSINESS MOVEMENTS—Continued
1926

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

April

May

June

July

August

July

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

PER CENT INCREASE (-{-) OR
DECREASE (— )

1925

August

August, August,
1926,
1926,
from
from
July, August,
1926
1925

1925

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

1926

FOODSTUFFS— Continued
Hogs and Pork— Continued
Pork products, total:
Inspected slaughter product ..thous. of lbs_.
Apparent consumption
thous . of Ibs _ .
Exports
thous. of lbs._
Cold-storage holdings, total,
end of month
thous. of Ibs. _
Fresh and cured in storage,
end of month
thous. of lbs_.
Lard (included in pork products) :
Production
thous. of Ibs . _
Exports
thous. of lbs._
Cold-storage holdings,
end of month
thous. of Ibs.
Prices:
Hogs, heavy, Chicago dolls, per 100 lbs._
Hams, smoked, Chicago
dolls, per lb__
Lard, prime contract, N. Y_ .dolls, per lb__

I

572, 037
489, 416
100, 619

568, 585
496, 451
93, 366

702, 163
603, 798

646, 770
521, 083
85, 094

616, 289
470, 705
72, 557

563, 719
501, 399
87, 944

512, 095
492, 017
89, 975

457, 345
492, 088
83, 226

-8.5
+6.5
+21.2

+23.3
+1.9
+5.7

681, 296

722, 703

796, 245

771, 235

815, 460

698, 513

-3.1

+10.4

574, 472

602, 176

642, 673

620, 412

669, 536

583, 789

-3.5

126, 385
63, 160

117, 241
58, 154

122, 885
56, 482

133, 702
45, 879

113, 863
54, 273

118, 969
49, 414

90, 421
45, 740

-14.8
+18.3

98, 365

106, 824

120, 527

153, 572

150, 823

145, 924

114, 724

-1.8

+31.5 j

11.74
.301
.145

13.29
.310
.159

13.96
.340
.170

12.98
.351
.165

11.85
.329
.156

13.79
.293
.181

13.13
.298
.179

-8.7
-6.3
-5.5

-9.7
+10.4
-12.8

1,502
698
124
801

1,717
838
130
885

1,913
916
238
998

1,739
828
260
912

2,274
1,176
567
1,054

1,699
763
193
939

2,064 +30.8
1, 037 +42.0
421 +118. 1
998 +15.6

+10.2
+13.4
+34.7
+5.6 !

12, 955
6, 107
1, 389
6, 841

13, 874
6, 460
1,646
7,370

+7.1
+5.8
+18.5
+7.7

40, 318
41, 247

36, 728
37, 362

39, 818
39, 676

37, 935
37, 786

40, 260
40, 145

39, 374
39, 361

38, 870
38, 698

+6.1
+6.2

+3.6 1
+3.7

311, 106
311, 975

326, 300
326,434

+4.9
+4.6

2,393

1,697

1,871

1,813

1,928

1,349

1,339

+6.3

8.53
13.53

7.05
14.20

5.31
16.13

5.88
14.26

5.87
13.95

6.31
14.66

6.40
14.60

-0.2
-2.2

-8.3
-4.5 ]

48, 174

48, 033

52, 985

57, 053

58, 458

69, 866

64, 573

+2.5

-9.5

Production, inspected slaughter. -thous. of Ibs. _ 1, 062, 497 1, 062, 888 1, 182, 513 1, 101, 739 1, 065, 640 1, 029, 700
Cold-storage holdings, end mo-. .thous. of lbs__ 714, 343 676, 781 705, 720 747, 587
722, 552
790, 425
Apparent consumption
thous. of Ibs
989, 961 998, 968 1, 059, 523 1, 003, 498 1, 007, 418 1, 020, 582

940, 689
694, 915
978, 295

-3.3
-3.3
+0.4

+13.3
+4.0
+3.0

8, 721, 176

8, 968, 022

+2.8

7, 973, 692 8, 014, 632

+0.5

143, 829

4, 917, 021
4, 080, 278
852, 085

5, 025, 108
3, 987, 637
784, 852

+2.2
-2.3
-7.9

+25.9 1,027,259 1,041,862
+18.7 | 472,599 ! 484,233

+1.4
+2.5

+6.3

I

!.. . . . . . .

i

Sheep and Lambs
Sheep movement, primary markets:
Receipts
thousands
Shipments, total.
thousands.
Shipments, stocker and feeder. .thousands..
Local slaughter
thousands.
Lamb and mutton:
Inspected slaughter product. .thous. of Ibs..
Apparent consumption
thous. of lbs_.
Cold-storage holdings,
end of month
_
thous. of Ibs..
Prices:
Sheep, ewes, Chicago
dolls, per 100 Ibs,.
Sheep, lambs, Chicago.. .dolls, per 100 Ibs..

+44.0

Miscellaneous Meats
Cold-storage, end mo

thous. of Ibs.

i

Total Meats

Poultry
Receipts at five markets
Cold-storage holdings,
end of month ._

thous. of Ibs

13, 992

16, 519

21,311

20, 974

23, 164

17, 932

14, 466

+10.4

+60.1

thous. of Ibs.

52, 783

42,808

36, 730

35, 793

38, 610

53, 558

47, 946

+7.9

-19.5

18, 539
16,154

22, 220
21, 540

27, 929
31, 345

29, 564
45, 606

32, 043
57, 681

24, 539
40, 458

26, 839
47, 474

+8.4
+26.5

+19.4
+21.5

159, 544

+10.9

182, 446

+10.7

2,251,
034
3
400, 354

+7.3
-33.0

419, 773

+1.9

Fish
Total catch, prin. fishing ports. __thous. of lbs_.
Cold-storage holdings, 15th of mo .thous. of Ibs..
Canned salmon:
Shipments, United States
cases
Exports, Canada.
cases..

152, 126
40, 313

177, 464
27, 146

45, 501

54, 464

75, 931

68, 393

50, 476

69, 970

17, 527
147, 225
.392

30, 561
184, 452
.404

86,897
185, 795
.409

131, 152
178, 825
.403

138, 169

109, 075
182, 602
.434

15, 531
42, 198
47, 452
4,872
348
1,303

14,973
44, 059
52, 167
5,165
351
3,280

21, 777
45. 385
68, 771
5,908
261
6,667

21, 972
36, 060
90, 053
5,087
309
20, 681

20, 735

25,825
36, 616
83, 568
4,459
351
25, 660

22, 472
39,026
95, 472
4,046
319
23, 508

-5.6

-7.7

97, 997
6,520
254

+8.8
+28.2
-17.8

+2.6
+61.1
-20.4

35, 597
.200

39, 346
.199

54, 069
.209

73, 681
.212

80,845
.218

66, 634
.230

76, 512
.241

+9.7
+2.8

+5.7
-9.5

368, 619
19, 208

576, 072
22, 708

604, 231
51, 915

164, 866
3

757,479
135, 306

2,098,
760
3
597,271

3

Butter
Receipts, 5 markets
Cold-storage holdings,
creamery, end of month
Apparent consumption
Wholesale price, 5 markets

thous. of Ibs
thous. of Ibs..
thous. of Ibs
dolls, per Ib

.422

55, 064

-26. 2

128, 403
+5.4
177,075
.448 "+4:7"

-8.3

411,871

+7.8

3

— 5. 8

1,127,439

3

1,108, 540

-1.7

Cheese
Total, all varieties:
Receipts, 5 markets
thous. of Ibs
Apparent consumption
thous. of Ibs.
Cold-storage holdings
thous. of Ibs. _
Imports
thous. of Ibs
Exports, United States
thous. of Ibs..
Exports, Canada—
thous. of Ibs
American whole milk:
Cold-storage holdings
thous. of Ibs
Wholesale price, 5 markets. ..dolls, per lb._




149, 233
272, 633
37, 000
7,834
3 48, 912

3

138, 466
287, 751

-7.2
+5.5

40, 112 !I +8.4
-66.4
2,630
3 39, 727 ; -18.8

i

Eggs
Receipts, 5 markets
thous. of cases
Cold-storage holdings __
thous. of cases..
3 Seven months' cumulative ending July 31.

3

2,087
3,735

2,251
7,236

2,115
9,133

1,385
9,845

1,083
9,563

1,315
10, 024

1,042
9,873

-21.8
-2.9

+3.9 ;
-3.1

12, 779

12, 638

1 —1.1

41

TREND OF BUSINESS MOVEME NTS—Continued

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

PER CENT INCREASE (+) OR
DECREASE (— )

1925

1926

Per
cent
increase
( }

or t.de-

April

May

June

July

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1925
1926

crease
(-)

cumulative

1926

1925

1926

from
1925

FOODSTUFFS— Continued
Milk
Condensed milk:
Manufacturers' total stocksCase goods.
thous. of lbs__
Bulk goods
thous of Ibs
Manufacturers' unsold stock —
Case goods
thous of Ibs
Bulk goods
thous. of Ibs
Exports
thous. of Ibs
Wholesale price, New York .dolls, per case..
Evaporated milk:
Manufacturers' total stocks,
case goods
thous. of Ibs
Manufacturers' unsold stocks,
case goods
thous. of Ibs
Exports..
thous. of lbs__
Wholesale price ,New York. dolls, per case. _
Powdered milk exports
thous. of Ibs
Fluid milk:
ReceiptsBoston (includ. cream)., thous. of qts__
Greater New York
thous. of cans
Production—
Minneapolis, St. Paul
thous. of lbs__
Consumption in manufacture of oleomargarine
thous. of Ibs

19, 082
10,829

26,068
15, 701

36, 734
21, 392

37, 285
23, 208

14,424
4,768
3,685
5.92

20, 439
7,073
2,813
5.86

30, 943
10,083
3,472
5.86

31, 931
9,051
3, 537
5.87

98, 414

111,659

169, 533

76, 465
9,261
4.36
285

79, 518
6,963
4.34
181

126, 383
7,353
4.33
178

16,800
2,629

18, 231
2,778

19, 279
2,776

19,869
2,851

27, 685

30, 499

29, 191

25, 229

5,690

5,134

5,250

4,690

48, 244
11, 795

46, 757
10, 098

38, 621
7,586
3,962
5.86

39, 425
3,735
3,153
5.85

181, 276

134, 328

155, 654

138, 466
5,623
4.33
209

92, 255
11,809
4.46
352

119,899
9,967
4.5]
291

18, 104
2,761

17, 227
2,673

2,139
5.75

5,657
4.36
196

-39.5
-2.0

-32.2
-1.7

28, 287

26, 798

+6.6
+0.7
-6.2

-43.2
-3.3
-32.6

75, 720

53, 378

-29.5

2, 344

1,727

-26. 3

s 116, 776
3 18, 136

3 122, 193
3 18, 513

+4.6
+2.1

-5.3

1

26, 413

21, 730

4,651

4,761

5,317

58, 206
313,841
453, 226
341, 803

118,844
324, 997
482,824
323, 647

103, 961
287, 018
438, 767
235, 725

3 175, 595

3 195, 071

+11.1

-0.8

-12. 5

41,479

44, 525

+7.3

-30.3
+10.3
-2.6
-19.7

-44.0
+9.3
+3.3
+45.0

994, 371
2,984,868
3, 655, 350

1, 002, 227
2, 929, 036
3, 636, 790

+0.8
-1.9
-0.5

5, 755

32, 918

+472. 0

246, 644

77, 785

-68.5

Sugar

Ra w:
Imports—
*
From Hawaii and Porto
Rico
long tons. 183, 482 172, 569 151, 174
83, 537
From foreign countries
long tons.. 460, 240 364, 473 385, 027 284, 411
452,681
Meltings, 8 ports..
long tons
491, 389
465, 144
464, 740
Stocks at refineries, erd mo
long tons
461,857
519, 595
541, 467
425, 902
Receipts, domestic, at New
Orleans
long tons
362
854
378
136
Refined:
Exports, including maple
long tons..
6,671
11, 195
8,783
11,692
Prices:
Wholesale, 96° centrifugal,
N. Y
dolls, per lb__
.041
.041
.042
.042
.055
Wholesale, granulated, N. Y_ .dolls, per lb._
.052
.054
.056
Retail, granulated, N. Y
dolls, per lb._
.058
.060
.061
.061
Retail average, 51 cities
index number __
120
122
126
126
Cuban movement:
Receipts at Cuban ports
long tons.. 757, 373 354, 890 254, 748 163, 014
Exports
long tons
465, 263
360, 464
357, 859
300, 955
Stocks, end of month
long tons 1, 452, 146 1, 442, 231 1, 327, 592 1, 195, 658

Coffee
Imports
__ __
Visible supply:
World
United States
Receipts, total, Brazil
Clearances:
Total, Brazil, for world
Total, Brazil, for U. S
Imports .

Tea

.thous. of Ibs. _

' 557

124

49, 457

67, 327

-39.3

-89.5

.042
.055
.062
127

.043
.053
.061
129

.044
.054
.062
127

0.0
-1.8
+1.6
+0.8

-4.5
+1.9
0.0
0.0

164, 744
445, 900
935, 416

201, 791
336, 775
970, 025

179, 225
333, 938
822, 799

+1.1 -8.1
+48.2 +33.5
-21.8 +13.7

4, 490, 264
3, 698, 954

3, 995, 885
3, 210, 010

-11.0
13.2

118, 493

97, 696

+5.3 +25.8

794, 008

971, 113

+22.3

129, 064

85, 424

104, 720

116, 702

122, 922

thous of bags
thous. of bags. _
thous. of bags. .

4,464
694
761

4,387
583
748

4,491
647
901

4,560
691
1,072

4,738
832
1,117

thous. of bags. .
thous. of bags..

1,235
353

893
554

889
511

1,217
653

1,289
684

thous. oflbs

4,891

3,149

4,907

9,025

507
7,258

577
8,486

TOBACCO
Consumption (tax-paid withdrawals):
Large cigars
millions
509
Small cigarettes
millions..
6,973
Manufactured tobacco
and snuff
thous of Ibs
33, 891
Exports:
Unmanufactured leaf
thous. of lbs__ 43, 388
Cigarettes
millions
947
Sales of loose-leaf, warehouses
thous. oflbs.. 15, 078
Price, wholesale, Burley good leaf,
dark red, Louisville.
dolls, per 100 Ibs
25.00
Production, crop estimate
thous. oflbs..
TBANSPOBTATION
Biver and Canal Cargo Traffic
Panama Canal:
Total cargo traffic
thous. of long tons..
2,238
In American vessels thous. of long tons..
1,157
In British vessels
thous. of long tons..
626
Sault Ste. Marie Canal thous. of short tons..
2,000
New York State
thous of short tons
None.
Suez Canal
thous. of metric tons.
2,255
Cape Cod Canal
gross tons
196, 661
Welland Canal
.
_ short tons
None.
St. Lawrence Canal
short tons.. None.
Mississippi River, Govt. barges
short tons.. 72,682
Ohio River, Pittsburgh, Pa., to
Wheeling, W. Va
short tons.. 761,947
2
Final estimat e for 1925.



|

!
!

5,118
859
1,173

+3.9
+20.4
+4.2

-7.4
-3.1
-4.8

6,724

7, 751

+15.3

1,235
701

1,487
794

+5.9
+4.7

-13.3
-13.9

7,829
4,203

8,837
4, 586

+12.9
+9.1

10, 056

9,536

10, 144

-0.9

54, 630

52, 430

-4.0

569
7,961

594
8,068

576
7,612

557
6,983

+6.6
+15.5

4,142
53, 147

4,205
59, 563

+1.5
+12.1

35, 809

35, 653

35, 358

+6.4

+1.3

276, 113

279, 948

+1.4

34, 890
715
39, 144

-11.8
+12.8

-24.7
+14.7
-11.2

247,404
5,878
204, 855

287, 809
6,692
282,152

+16.3
+13.8
+37.7

25.00
1,349,660

0.0

-16.0

+0.6 -3.0
-20.0 -28.2
-17.6 -19.2
+29.4 +77.2

3 13, 506
3 7, 394
3 3, 328
49, 087
1,347
3
16, 126
1, 988, 189
3,290,049
3, 670, 197
684, 104

3 16,067
3 8,529
3 3, 893
52, 450
1, 280
3 14, 968
2,211,410
3, 019, 512
3, 572, 929
645, 287

+19.0
+15.4
+17. 0
+6.9
-5.0
-7.2
+11.2
-8.2
-2.7
-5.7

+50. 5

4, 209, 754

5, 897, 486

+40. 1

5,126
804
1,094

34, 380

36, 327

33, 648

27, 431
867
4,189

30, 762
1,061
7,660

29, 760
727
582

26, 263
820
34, 772

39,037
317
69

22.60

21.00

21.00

21.00
1, 202, 884

25.00

2,417
2,135
1,369
1,190
562
289
10, 157
12, 910
229
399
1,964
1,939
421, 145
414, 886
653, 025
948, 840
744, 510 1, 060, 598
95, 605
90, 495

2,186
1,165
565
13, 607
316
2,033
406, 054
787, 478
968, 976
88, 846

852, 732 1, 045, 889

34.0 +354.8

564
7,095

2

408, 527
630, 169
798, 845
115, 000

1,961
1,063
476
11, .668
386
2,050
412, 859
831,814
938, 126
79, 361

1,912
1,013
482
11, 663
280
2,030
421, 193
877, 506
989, 128
64, 913

, 159, 138 1,078,041

609, 727

716, 142

13, 776
336

3

+11.4

+4.4
+1.3

+1.2 +18.1
+6.3 +20.0

-7.0

Seven inonths' cu mulative e nding Ju ly3i.

42
TREND OF BUSINESS MOVEMENTS—Continued
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

PER CENT INCREASE (+) OR
DECREASE (— )

1925

The cumulatives shown are through
August except where otherwise noted.

Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

April

May

July

June

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1925
1926

Per
cent
increase
(+)
or decrease
(-)
cumu1 ative
1926
from
1925

1925

1926

+14.1
-0.7
+23.0

46, 434
18, 052
28,383

48, 857
17,641
31, 215

+5.2
-2.3
+10.0

+38.6 +130. 8
+59.5

148, 923
90, 796

144, 725
94, 451

-2.8
+4.0

34, 699
1,573
996
6,637
2,514
1,379
8,974
12, 625

+3.3
+7.6
-2.4
+6.3
-2.7
+1.5
+2.3
+3.9

3 2, 498,689 3 2,649, 470
3 596, 974 s 602, 471
3 3,419, 031 3 3,585, 117
3 2,622, 814 3 2,694, 792
3 539, 023 3 614, 155
3 250, 422 3 268, 856

+2.0
+0.9
+4.9
+2.7
+13.9
+7.4

TRANSPORTATION— Continued
Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons..
American.-.
thous. of net tons._
Foreign
thous. of net tons

5,221
1,838
3,383

6,065
2,536
3,529

7,086
2,640
4,445

8,424
3,149
5,275

7,892
2,567
5,325

6,833
2,578
4,255

22, 874
18, 096

16,377
7,179

22, 819
13, 724

14,009
8,389

19, 423
13, 384

30, 101
21, 951

8,415
1,631

229

223

199

254

157

155

276, 573
118, 419
115, 205

257, 956
135, 233
75, 253

254, 807
140, 421
69, 869

199, 073
104, 796
56, 785

161, 478
88, 967
38, 967

263, 876
139, 428
80, 661

162, 397
85, 732
40, 427

12
None.
8

None.
None.
None.

68
None.
48

404
172
114

None.
None.
None.

4
4
None.

636
272
354

3,796
150
104
705
300
55
1,057
1,424

5,143
198
143
898
383
243
1,331
1,947

4,112
161
108
734
296
271
1,026
1,515

5, 245
280
134
939
335
365
1,274
1,919

4,418
228
117
810
282
310
1,061
1,609

4,945
216
133
876
331
314
1,243
1,832

4,321
221
121
834
286
250
1,043
1,567

385, 073
82, 783
517, 423
388, 763
88, 105
39, 833

396, 687
92, 381
539, 865
390, 190
107, 336
39, 237

408, 645
97, 787
556, 515
395, 294
116, 895
41, 705

377, 522
97, 967
522, 484
382, 925
99, 669
37, 944

403, 311
103, 961
555, 367
388, 970
124, 805
41, 723

6,470
5,557
2,817

7,604
5,464
3,282

7,376
5,689
3,336

7,562
5,003
3,276

7,768
5,020
3,633

63,440
2,597
9,836
15.6
189
295
251

63, 352
2,598
9,266
14.7
174
262
50

63, 266
2,601
9,228
14.7
184
270
191

63, 200
2,603
8,718
13.9
171
237
14

95

92

84

—6.3
6,917
2,586 —18.5
+0.9
4,331

Shipbuilding
Completed during month:
Total
__
gross tons..
Steel seagoing
gross tons..
Building or under contract, end of month:
Merchant vessels
thous. of gross tons
Freight Cars
Surplus (daily av. last week of month) :
Total
cars
Box .
cars
Coal...
..cars .
Shortage (daily av. last week of month) :
Total
.cars
Box ..
__ _cars._
C oal
cars
Car loadings (monthly totals) :
Total
thous. of cars..
Grain and grain products thous. of cars..
Livestock
thous. of cars
Coal and coke
thous. of cars..
Forest products
thous. of cars _
Ore
thous. of cars
Merchandise and 1. c. 1
thous. of cars..
Miscellaneous
thous. of cars _

-18.9
-15.1
-31.4

-0.6
+3.8
-3.6
1

-15.8
+2.2
-18.6
+3.2
-12.7
-3.3
-18.7
-2.9
-15.8
-1.4
-15.1 +24.0
-16.7
+1.7
-16.2 • +2.7

33, 594
1,462
1,020
6,245
2,585
1,358
8,774
12, 154

Railroad Operations
Operating revenue:
370,024
Freight
thous. of dolls
80, 641
Passenger
thous of dolls
499, 662
Total operating
thous of dolls
384, 833
Operating expenses
thous. of dolls
76, 282
Net Operating income
thous. of dolls
36, 317
Freight carried
mills ton-miles
Pullman company operations:
Revenue
thous of dolls
6,326
Expenses
thous. of dolls
5,876
Passengers carried
thousands. _
2,810

3 45, 470
3 36, 185
3 19, 858

3 47, 302
3 39, 098 !
3 20, 562

+4.0
+8.1
+3.5

Railway Equipment
Locomotives (Am. Ry. Assn.}:
Owned end of month
number
Tractive power
mills of Ibs
In bad order end mo
number
Per cent of total in use
per cent
Installed during month
number..
Retired during month
number..
Ordered from manufacturers
number
Building in railroad shops, end
of month
number
Shipments ( Census)-^
Total.
_
number..
DomesticSteam
number
Electric
number..
ForeignSteam
number __
Electric
number
Unfilled orders, end of month ( Census)—
Total
number
DomesticSteam
number
Electric
number
Steam
number
Electric
number
Exports, steam
number
Freight cars (Am. Ry. Assn.):
Owned end of month
cars 2
Capacity
mills of Ibs
In bad order, end mo
cars
Per cent of total in use
per cent
Installed during month _ _
cars..
Retired during month
cars
Ordered from manufacturers ^ „ ,
cars
Shipments by manufacturers:
Total
cars
Domestic
_. cars.
Building in railroad shops, end of
month. _
cars..
3
Seven months' cumulative ending July 31.




63, 107
2,605
9,031
14.4
152
247
84

64, 420
2,594
10, 659
16.7
139
170
39

123

67

59

-0.1
64, 357
+0.1
2,596
+3.6
10, 551
+3.6
16.5
147 -11.1
+4.2
210
26 +500. 0
45

-45.5

-1.9
+0.3
-14.4
-12.7
+3.4 i
+17.6
+223. 1

1, 213
1,737
398

1,440 +18.7
1,944 +11.9
867 +117. 8

+48.9

118

-6.1

+5.1

813

1,152

+41.7

91
6

-4.9
—75.0

-14.3
-16.7

546
81

863
106

+58.1
+30.9

4
4

13
8

+13.3 +161. 5
-12.5 !

159
27

145
38

-8.8
+40.7

386

334

-5.4

199
48

+2.2 +128. 6
+5.6 -20.8

151

140

159

132

124

76

122
12

105
14

133
1.1

82
20

78
5

56
12

1
16

12
9

12
3

30
0

34
7

713

726

667

555

525

580
44

585
46

522
53

445
36

455
38

259
39

60
29
9

72
23
15

72
20
15

51
23
20

16
16
44

65
23
12

+57.2

72 -68.6 -77.8
+6.7
15 -30.4
11 +120.0 +300.0

348, 148 2, 345, 091 2 346,908 2, 348, 508 2, 349, 100 2, 301, 551 2, 363, 849
210, 966 211, 049 211,316 211, 642 211, 875
210, 701 211, 102
159, 845 168, 498 165, 588 165, 756 161, 396
197,281 197, 178
6.9
7.3
7.2
7.2
7.0
8.4
8.4
10,904
10,292
10,505
9,715
9,036
10,542
11,554
10,074
7,083
8,040
9,386
9,716
10,051
9,259
435
164
5,622
4,270
1,256
843
2,816

9,257
9,207

8,170
8,130

10,009
10,003

9,287
9,185

8,357
8,308

5,040
4,880

3,617
3,412

8,743

8,566

7,652

6,233

6,003

8,189

6,440

209

219

+4.8

-0.6
+0.4
-18.1
-16.7
-10.9
+4.9
-94.2

103, 817
77,649
39, 282

71,008
65,355
42,271

-31.6
-15.8
+7.6

-10.0 +131. 0
-9.5 +143. 5

62, 125
59, 572

64,094
62,881

+3.2
+5.6

0.0
+0.1
-2.6
-2.8
-5.6
+3.5
-86.9

-3.7

-6.8

43

TREND OF BUSINESS MOVEMENT—Continued
1926

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

April

May

PER CENT INCREASE (+) OR
DECREASE (— )

1925

June

July

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1925
1926

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31

1926

1925

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

TRANSPOETATION-Continued
Railway Equipment—Continued
Passenger cars:
Ordered from manufacturers__
Shipments by manufacturers:
Total. _
„__
Domestic

810

929

+14.7

601
568

1,522
1,472

+153. 3
+159. 2

3 996, 720 31,007,629
3 162, 776
3 119, 536

+1.1
+36.2

3 165, 167
3 171, 625

3 182, 623
3 175, 432

+10.6
+2.2

3 43, 881
3 219, 740
139, 344

3 37, 452
3 243, 473
142, 525

-14.7
+10.8
+2.3

54, 623
12, 461

3 368, 500
3 86, 971

3 413, 920
s 98, 038

+12.3
+12.7

10, 488
12, 868
1,755

10, 780
13, 186
1,907

s 68, 269
3 84, 036
3 11, 777

3 74, 629
3 91. 863
3 11, 645

+9.3
+9.3
-1.1

753, 359

752, 417

6, 235, 670

6, 316, 069

+1.3
+12.0
+13.1
+11.4
-0.8
+13.0
+17.4

__cars_

230

30

124

68

1

362

9

cars.
cars_

225
225

208
196

224
218

222
222

187
187

82
75

130
110

number:.
number.

58, 192
4,374

128, 629
18,505

235, 698
44, 361

455, 204
86, 779

411, 376
77, 723

384, 501
56, 195

number.
.number.

33,400
28, 931

33, 533
22, 719

24,790
24,432

22, 283
25, 981

18, 590
26, 326

22, 421
49, 922

number.
..number.
number.

4,989
26, 312
27, 239

5,861
28, 913
31, 460

7,575
47, 715
25, 916

7,J052
60, 223
14,007

8,784
66, 136
13, 830

7,539
37, 185
9,370

59, 521
14, 669

59, 699
13, 785

60, 302
14, 404

60, 119
13, 261

53, 815
11, 815

10, 564
12, 980
1,611

10,615
13, 177
1,659

11, 085
13, 644
1,945

10, 822
13, 386
1,662

802, 890

810, 275

783, 702

764, 509

-15.8 +43.8
-15.8 +70.0

Passenger Travel
National parks:
Visitors
Automobiles entered
Arrivals from abroad:
Immigrants
United States citizens
Departures abroad:
Emigrants
United States citizens
Passports issued

9,936

-29.1

+6.0

PUBLIC UTILITIES
Telephone companies:
Operating revenues
thous. of dolls..
Operating inconie
thous. of dolls..
Telegraph companies:
Commercial telegraph tolls.thous. of dolls..
Operating revenue.
thous. of dolls. _
Operating inconie
thous. of dolls..
Electric railways (212 companies):
Passengers carried
thous. of persons..
Electric power production:
Total
mills, of kw. hours..
By waiter power
mills, of kw. hours._
By fuels
mills, of kw. hours..
In street railways, manufacturing
plants, etc
mills, of kw. hours..
In central stations
mills, of kw. hours..
Gross revenue sales
...thous. of dolls. _

749, 592

-2.0

-0.4

5,773
2,315
3,458

5,809
2,309
3,500

5,873
2,231
3,642

5,901
1,993
3,908

5,346
1,870
3,476

5,463
1,768
3,695

3 36, 808
3 13, 238
2 23, 570

3 41, 228
3 14, 977
3 26, 252

348
5, 425
139, 800

372
5,437
133, 800

369
5,404
129, 700

355
5,546
128, 800

379
4,967
108, 900

377
5,086
111, 500

3 2, 738
3 34. 070
3 826, 276

3 2, 715
3 38, 513
3 969, 800

498
245
89
92
82
121.7
101.1
90.2

496
225
88
92
80
121.2
101.0
87.4

486
233
89
92
80
125.8
101.1
82.2

489
239
90
93
81
125.9
100.7
85.8

486
243
84
90
80
128.3
95.3
86.5

487
244
86
89
76
124.1
95.5
88.3

14, 299
285.3
95
89
88

14, 390
280.7
96
89
88

13, 995
270.6
96
84
84

14, 103
282.0
98
87
85

13, 589
286.2
84
81
79

' 13, 722
295.3
88
84
77

105

EMPLOYMENT AND WAGES
Employment in factories:
New York State
thousands-509
Detroit
..thousands..
251
New Jersey (rel. to 1923)...index number..
91
Pennsylvania (rel. to 1923) .index number__
93
Delaware (rel. to 1923)
index number..
85
Wisconsin (rel. to 1915)
index number..
123.4
Illinois (rel. to 1922)
index number..
101.5
Massachusetts (rel. to 1914).index number..
92.6
Total pay roll:
New York State
thous. of dolls.. 14, 691
Wisconsin (rel. to 1915)
index number..
298.7
New Jersey (rel. to 1923)...index number..
96
Pennsylvania (rel. to 1923)..index number..
90
Delaware (rel. to 1923)
index number..
93
Ohio construction employees
(rel. to 1923)....
_
...index number..
65
Federal civilian employees, Washington, D. C., end of month
number.. 61, 211
Employed in anthracite mines...
number.. 155, 236
Average weekly earnings (State reports):
New York State
dolls..
28.85
Illinois (rel. to 1922)
index number..
116.9
Wisconsin (rel. to 1915)
index number __
241.2
Massachusetts (rel. to 1914) .index number..
180.3
New Jersey (rel. to 1923).. .index number._
105
Pennsylvania (rel. to 1923)..index number-103
Delaware (rel. to 1923)
index number..
104
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars..
27.26
Total male
dollars..
29.87
Skilledmale
_
dollars-31.50
Unskilled male
dollars..
24.01
Total women
..dollars..
17.38
Average weekly hours:
Nominal (both sexes)
hours. .
50.4
Actual (both sexes)
hours..
48.5
Wages of common labor by geographic divisions:
New England
cents per hour-54
Middle Atlantic
cents per hour..
46
South Atlantic
cents per hour..
27
East South Central
cents per hour..
24
West South Central
cents per hour..
28
East North Central
cents per hour..
40
West North Central
cents per hour..
37
Mountain
cents per hour..
45
52
Pacific
cents per hour..
United States average
cents per hour..
39
* Seven months' cumulative ending July 31.



75

99

106

61,036
155, 798

60, 811
154, 716

60, 435
156, 274

28.69
117.1
240.9
179.9
106
103
103

28.99
117.5
236.6
178.7
108
104
105

28.81
113.2
219.8
178.5
106
99
99

27.13
29.61
31.21
23.91
17.09

27.06
29.78
31.38
24.19
17.07

49.9
48.1
50
44
29
25
27
37
36
44
53
38

112

108

63, 837
152, 469

63, 054
152, 314

27.98
110.9
222.6
187.3
101
94
97

28.46
112.9
237.3
187.9
103
97
99

26.78
29.21
30.76
23.67
17.29

26.31
28.61
30.26
22.92
16.70

26.37
28.73
30.30
23.23
16.87

50.0
47.9

49.6
47.6

49.8
47.5

50.1
47.5

46
45
28
25
27
38
36
45
53
38

48
47
27
25
26
37
37
46
52
39

47
43
28
25
26
36
35
48
52
38

47
42
28
25
25
38
38
44
52
38

28.86
115.9
228.8
180.9
107
101
99

48
47
33
24
28
37
36
42
52
39

+0.6 +0.4
+2.6 -2.0
+1.1 +4.7
+1.1 +4.5
+1.3 +6.6
+0.1 +1.5
+5.4
-0.4
+4.4 -2.8
+0.8 +2.8
+4.2 -4.5
+2.1 +11.4
+3.6 +3.6
+1.2 +10.4
-0.9 -2.8

+0.2
+2.4
+4.1
+1.3
+0.9
+2.0
0.0

+1.4
+2.7
-3.6
-3.7
+3.9
+4.1
0.0

0.0 +2.1
0.0 +11.9
+22.2 +17.9
-4.0 -4.0
+7.7 +12.0
0.0 -2.6
-2.7 -5.3
-8.7 -4.5
0.0
0.0
0.0 +2.6

44

TREND OF BUSINESS MOVEMENTS—Continued
1926

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

April

May

PER CENT INCREASE (+) OR
DECREASE (-)

1925

June

July

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1925
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

Per
cent
increase
( }
or tde
crease
(-)
cumulative
1926
from
1925

1925

1926

300, 252
257, 334
152, 263
105, 071

326, 094
286, 107
166, 238
119, 869

+8.6
+11.2
+9.2
+14.1

+4.3
+5.9
+1.2
+3.8
+6.5
+18.6
+7.0
+5.1
+14.0
+2.5
+20.6
+19. 4
+13.0
+11.8

239,492

261, 462

+9.2

137, 817

145, 616 ,

+5.7

60, 343

67, 436

+11.8

4,680

5,937

+26.9

4,444

5, 894

+32.6

EMPLOYMENT AND WAGES— Con.
Wage rates,U.S. Steel Corp
cents per hour..
Wages, steel workers, Youngstown
district
per cent
Applicants per 100 jobs, employment agencies:
United States average
number
Eastern States
number
Central States
number-Southern States
number
Western States
number

50

50

50

50

50

131.5

133.0

133.0

127.0

127.0

126
114
157
137
62

115
113
138
103
56

130
123
174
109
54

120
128
139
106
78

140
132
177
136
71

131
123
167
127
65

44, 064
38, 841
22, 998
15, 843

38, 408
33, 724
19, 339
14, 385

41, 296
34, 887
18, 275
16, 612

35, 670
31, 995
20, Oil
11,984

35, 763
32, 272
19, 605
12, 667

31, 884
27, 916
17, 073
10, 843

32, 421
28, 749
16, 947
11, 802

33, 768
2,104
18,967
1,435
8,591
322
2,446
180
3,764
167
748
72
785
38

35, 689
2,114
20, 263
1,442
8,993
325
2,486
180
3, 947
167
867
80
801
38

34, 020
2,128
19, 021
1,451
8,834
329
2,358
181
3,807
167
856
80
779
38

34, 436
2,142
19, 395
1,460
8,886
332
2,459
183
3,696
167
831
80
790
38

34, 075
2,154
19, 015
1,465
8,713
338
2,493
184
3,854
167
801
80
703
38

29, 621
2,015
17,829
1,405
7, 510
275
2,144
173
3,138
162
592
66
572
33

32, 669
2,034
18, 781
1,411
8,178
285
2,329
175
3,381
163
664
67
622
34

92, 205
24, 889

90, 215
25, 101

86, 769
25, 371

87, 522
25, 569

82, 814
25, 372

72, 649
22, 640

68, 189
23, 017

-5.4 +21.4
-0.8 +10.2

561, 991

684, 798*

+21. 9

7,564
638

7, 460
619

7,316
626

7,736
644

7,631
658

6,490
550

6,711
551

-1.4 +13.7
+2.2 +19.4

46, 461

59, 091

+27. 2

8,886
3,288

9,489
3,282

9,979
3,310

9,210
3,321

8,773
3,335

8,040
3, 008

8,417
3,088

-4.7
+0.4

+4.2
+8.0

62, 839

68, 868

+9.6

3,880
538

4,063
547

3,586
556

3,382
561

2,906
563

2,855
492

2,810
498

-14.1 +3.4
+0.4 +13.1

24, 630

25, 955

+5.4

1,000
59

982
59

1,071
59

976
60

1,095
60

944
55

1,156
57

+12.2
0.0

-5.3
+5.3

7,506

7,980

+6.3

2,745
249

2,670
251

2,476
269

2,550
276

2,353
275

2,196
232

2,455
239

-7.7
-0.4

-4.2
+15.1

18, 169

19, 427

+6.9

4,486
2,171

4,533
2,165

4,412
2,113

4,297
2,050

4,426
2,189

4,022
1,943

4,222
2,109

+3.0
+6.8

+4.8
+3.8

32, 401
15, 560

35, 201
16, 875

+8.G
+8.5

1,113
1,202

1,131
1,237

1,089
1,210

1,076
1,171

1,084
1,153

1,024
1,056

1,042
1,071

+0.7
-1.5

+4.0
7.7

8,353
8,489

8,814
9,511

+5.5
+12.0

8,762
692
6,504
2,995
2, 341
282
1,291
88

9,797
694
6,945
2,993
2,502
278
1,253
88

9,093
697
6,623
3,017
2,314
282
1,408
88

8,327
697
6,783
3,027
2,388
285
1,441
91

8,083
721
6,472
3,039
2,260
287
1,403
91

5,883
593
6,020
2,731
1,965
266
1,418
85

6,582
618
6,303
2,810
2,057
267
1,453
85

-2.9 +22.8
+3.4 +16.7
-4.6 +2.7
+0.4 +8.1
-5.4 +9.9
+0.7 +7.5
-2.6 -3.4
0.0 +7.1

48, 133

62, 485

+29.8

47, 029

50, 812

+8.0

15, 367

17, 727

+15.4

10, 932

10, 618

-2.9

Magazine advertising
thous. of lines
2,620
Newspaper advertising
thous. of lines
114, 878
National advertising in newspapers:
Total
thous. of lines
32,609
Automobile advertising
thous. of lines __
6,193
Automobile accessories
thous. of lines. _
1,275
Cigars, cigarettes, and
tobacco .
.thous. of lines __
2,850
Financial
thous. of lines..
925
Food, groceries, beverages. .thous. of lines..
4,920
383
Hotels and resorts
thous. of lines _
1,261
Household furniture
.thous. of lines ._
492
Men's clothing
thous. of lines
124
Musical instruments
thous. of dolls
872
Radio and electrical
thous. of lines. _
2,119
Railroads and steamships.. -thous. of lines..
287
Shoes.
thous. of lines
Toilet articles and medical
6,005
preparations
thous. of lines
336
Women's wear
thous. of lines __
4,567
Miscellaneous
thous. of lines..

2,571
117,035

2,419
105,948

1,833
88,052

1,689
91, 763

1,675
82,062

1,489
85, 526

+13.4
+7.3

15, 965
774, 412

17, 427
815, 742

+9.2
+5.3

34, 219
6,654
2,489

31, 664
5,438
2,510

26, 383
5,904
2,086

26, 426
8,200
1,857

18, 934
3,849
1,382

20,380
6,276
1,244

+0.2 +29.7
+38.9 +30,7
-11.0 +49.3

2,715
708
5,016
658
1,010
617
134
915
2,948
285

2,786
918
4,859
965
555
596
96
1,024
3,174
157

2,447
895
3,730
724
281
189
83
685
2,442
53

2,552
505
2,999
385
284
57
68
835
2,065
32

1,332
997
3,972
883
205
209
38
292
2,011
133

"1,048
653
2,603
464
426
75
49
312
1,570
42

+4.3
-43.6
-19.6
-46.8
+1.1
-69.8
-18.1
+21.9
-15.4
-31.6

5,084
204
4,782

4,294
83
4,209

3,758
33
3, 073

3,369
44
3,174

3,368
34
229

2,990
31
2,594

DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous of dolls
Total sales, 2 houses
thous. of dolls. _
Sears, Roebuck & Co
-thous. of dolls __
Montgomery Ward & Co. -thous. of dolls. .
Ten-cent chain stores:
Total sales
thous. of dolls. .
Total stores operated
number
F. W. Woolworth & Co
thous. of dolls..
Stores operated
number
S. S. Kresge Co
thous. of dollsStores operated
number
MeCrory Stores Corp
thous. of dolls..
Stores operated
number. _
' S. H. TTress & Co
thous of dolls
Stores operated
number
Metropolitan
-thous. of dolls
Stores operated
number
F. & W. Grand
thous. of dolls
Stores operpted
number
Chain stores:
Groceries —
Sales
thous. of dolls. _
Stores operated
number
DrugSales
thous. of dolls. .
Stores operated
number
CigarSales
-thous. of dolls_.
S tores operated
number
ShoeSales
thous. of dolls. _
Stores operated
number
Music —
Sales
-thous. of dolls
Stores operated
number
CandySales,
-thous. of dolls. .
Stores operated
number
Restaurant chains:
Total sales.
thous. of dolls..
Childs Co., sales..
thous. of dolls..
Waldorf System (Inc.),
sales
thous. of dolls__
Thompson sales
thous. of dolls. _
Other chain stores:
J. C. Penny Co .
_ .thous. of dolls..
Stores operated
number
United Cigar Stores Co
thous. of dolls..
Stores operated
.number _
A. Schulte (Inc.).
thous. of dolls..
Stores operated
^^nurnber .
Owl Drug Co...
thous. of dolls..
Stores operated
..number

+0.3 +10.3
+0.9 +12.3
-2.0 +15.7
+5.7 +7.3
-1.0
+0.6
-2.0
-4-0.3
-1.9
+1.8
+1.4
+0.5
+4.3
0.0
—3. 6
0.0
-11.0
0.0

16, 550

19, 172

+15.8

25, 758

29, 238

+13.5

Advertising




-7.9
+4.2

+143. 5
-22. 7
+15.2
-17.0
-33.3
-24.0
+38.8
+167. 6
+31.5
-23.8

-10.4 +12.7
+33.3 +41.9
+3.3 +22.4

235, 949
51,606
12,329 ;
19,058
7,081
31, 100
4,069
4,473
2,431
1,058
8, 199
16,609
1,166

!
i
!

!
i

44,056 1
1,082
30.632

45
TREND OF BUSINESS MOVEMENTS—Continued
1926

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

PER CENT INCREASE (+) OR
DECREASE (— )

1925

May

June

July

30, 851

28, 547

28, 719

26, 783

26, 714

25, 707

25, 085

-0.3

3,234

2,985

2,952

3,073

3,003

2,888

2,794

-2.3

11,411
87, 948

10, 634
83, 359

11, 276
87, 257

9,868
79, 733

9,763
74, 469

3,218
32, 687

3,109
32, 650

3,214
33, 289

.2, 970
32, 154

Delinquent accounts, electrical trade:
Amount
dollars.. 249, 618
Number of
firms
number..
1,881

207, 018
1,702

192, 591
1,538

167, 635
1,388

July

August

31

August, August,
1926,
1926,
from
from
July, August,
1926
1925

April

August

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST

Per
cent
increase
( }
or tdecrease
(-)
cumulative
1926
from
1925

1935

1926

+6.5

216. 317

232, 272

+7.4

+7.5

23, 366

25, 137

+7.6

9,233
58, 250

3 78, 843
3 548, 645

3 76, 244
3 586, 475

-3.3
+6.9

2,861
29, 361

2,771
29, 075

3

3 21, 928
214, 286

3 22, 128
3 227, 861

+0.9
+6.3

165, 213
1,367

195, 345
1,490

153, 424
1,425

-1.4
-1.5

+7.7
-4.1

221, 697
716, 607
149
938, 453

198, 686
719, 203
157
918, 046

213, 216
734, 531
121
947, 868

208, 631
717, 402
118
926, 151

-10.4
+0.4
+5.4
-2.2

-4.8
+0.3
+33.1
-0.9

1, 672, 077
6, 086, 056
1,106
7, 759, 239

1, 738, 024
6, 141, 563
1,373
7, 880, 960

+3.9
+0.9
+24.1
+1.6

991, 361
53, 057

958, 771
40, 882

975, 509
27, 762

994, 920
68, 887

-3.3
-22.9

-3.6
-40. 7

8, 044, 619
286, 486

8, 255, 271
375, 684

+2.6
+31. 1

658, 562
194, 315
78, 125
931, 002

595, 929
199, 076
55, 632
850, 637

638,833
182, 991
54, 947
876, 771

607,621
181, 048
126, 885
915, 554

-9.5
+2.5
-28.8
-8.6

-1.9
+10.0
-56.2
-*-7.1

4, 948, 515
1, 495, 493
481,303
6,925,311

5, 219, 120
1, 678, 560
551,896
7, 449, 576

+5.5
+12.2
+14.7
+7.6

133, 755
42, 639
4,457
180, 851

117,851
43, 419
4,102
165, 372

125, 554
36, 665
3,375
165, 593

109, 737
37,808
3,682
151, 227

-11.9
+1.8
-8.0
-8.6

+7.4
+14.8
+11.4
+9.4

975, 241
289, 325
35, 499
1, 300, 063

1,044,844
333, 259
38, 184
1, 416, 287

+7.1
+15.2
+7.6
+8.9

DISTRIBUTION MOVEMENT-Contd.
Postal Business
Postal receipts, 50 selected
cities
thous. of dolls..
Postal receipts, 50 industrial
cities
thous. of dolls _
Money orders:
Domestic paid (50 cities)—
Quantity
__.number__
Value
thous. of dolls ._
Domestic issued (50 cities)—
Quantity
number. _
Value
thous. of dolls ..
Wholesale Trade

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents')
Policies, new (45 companies) :
Ordinary
number of policies __ 227, 169 236, 209 237, 020
Industrial
number of policies. . 787, 138 859, 630 743, 137
Group
number of contracts ._
163
167
195
Total _. .number of policies and contracts .. 1, 014, 470 1, 096, 034 980, 324
Policies and certificates issued:
Total policies and certificates
number __ 1, 075, 226 1, 135, 654 1, 023, 867
Group insurance certificates certificates _. 60, 919
39, 815
43, 710
Amount of new insurance (45 companies):
Ordinary
thous. of dolls
675, 296
702, 309
704,852
Industrial.
.
_ thous. of dolls. _ 215, 504 235, 207 202, 315
Group
thous. of dolls
80, 663
69, 282
56, 458
Total insurance
thous. of dolls
971, 463
993, 974
976, 449
Premium collections (45 companies) :
Ordinary
thous. of dolls
139, 123
131, 553
132, 268
Industrial
thous. of dolls
40, 763
40, 299
43, 747
Group
thous. of dolls
3,240
4,251
4,206
Total
thous. of dolls
183, 126
176, 103
180, 221
Admitted life insurance assets (41 companies):
Grand total _
_ .mills, of dolls. _
9,717
9,800
9,882
Mortgage loans —
Total
. mills, of dolls. _
4,073
4,181
4,121
Farm
mills, of dolls. _
1,552
1,568
1,560
All other .
mills, of dolls
2,521
2,613
2,561
Bonds and stocks (book values) —
Total
mills, of dolls
3,846
3,888
3,865
Government.
mills, of dolls. _
996
979
962
Railroad
mills, of dolls..
2,091
2,128
2,104
Public utilities
mills, of dolls..
650
672
688
All other
mills, of dolls..
109
110
110
Policy loans and premium
notes. _
mills, of dolls
1,152
1,174
1,163
Other admitted assets
mills, of dolls..
646
639
• 651

9,969

10, 050

8,974

9,039

+0.8

+11.2

4,238
1,572
2,666

4,290
1,577
2,713

3,633
1,507
2,126

3,671
1,510
2,161

+1.2
+0.3
+1.8

+16.9
+4.4
+25.5

3,899
951
2,132
705
111

3,907
948
2,137
710
112

3,666
1,038
1,983
538
106

3,680
1,040
1,989
545
106

+0.2
-0.3
+0.2
+0.7
+0.9

+6.2
-8.8
+7.4
+30.3
+5.7

1,184
648

1,194
659

1, 075
599

1,083
604

+0.8
+1.7

+10.2
+9.1

-7.6
-13.7
-5.6
-2.7
-2.5
-1.3

-0.3
-3.8
+3.3
+2.2
+1.3
-1.0

5, 366, 162
2, 182, 449
1,142,845
847, 840
659, 460
533, 559

5, 584, 161
2, 234, 119
1, 209, 745
881, 424
691, 748
557, 125

+4.1
+2.4
+5.9
+4.0
+4.9
+4.4

(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance (81 companies):
United States total
thous. of dolls
Eastern manuf. district
thous. of dolls..
Western manuf. district
thous. of dolls..
Western agric. district
thous. of dolls..
Southern district
thous. of dolls
Far Western d ; ict
thous. of dolls. _
Sales of ordinary e insurance:
Canada (15 companies)
thous. of dolls..

743, 635
301, 053
156, 590
119, 914
94, 449
71, 629

735, 724
299, 463
152, 382
116, 090
93,816
73, 973

749, 567
289,847
162, 750
124, 381
96, 540
76, 049

702, 129
279, 650
153, 663
110,372
86, 758
71, 686

649, 023
241, 270
145, 015
107, 434
84, 572
70, 732

692, 492
288, 312
144, 296
107, 665
82, 901
69, 318

651, 110
250, 691
140, 368
105,099
83, 514
71,438

37, 346

37, 703

44, 634

40, 101

36, 010

37, 671

31, 724

-10.2

+13. 5

276, 488

304, 928

+10.3

29, 300
22, 512

26, 571
21, 426

28, 196
22, 442

27, 659
23, 674

26, 233
20, 755

25, 458
21, 559

23,265
19,847

-5.2
-12.3

+12.8
+4.6

202, 765
166, 143

226,316
177,838

+11.6
+ ,0

25, 964
18, 649
1,417

23, 386
18, 170
1,403

24, 195
18,934
1,411

23, 827
19, 184
1,376

21, 676
17, 472
1,345

23, 396
18, 714
1,273

20,219
17,053
1, 195

-9.0
-8.9
-2.3

+7.2
+2.5
+12.6

185, 487
141,343
9,757

195, 694
148, 12510, 738

+5.5
+4.8
+10.1

514
1,662
601
2,954
2,242
75.7

474
1,673
645
2,975
2,243
76.0

515
1,697
643
2,980
2,260
75.3

521
1,671
585
2,999
2,261
76.3

626
1,703
576
2,966
2,282
74.4

468
1,598
553
2,937
2,201
77.3

580 +20.2
+1.9
1,616
547
-1.5
2,888
-1.1
2,237
+0.9
75.0 1 -2.5

+7.9
+5.4
+5.3
+2.7
+2.0
-0.8

Banking
Debits to individual accounts:
New York City
mills, of dolls
Outside New York City
mills, of dolls..
Bank clearings (United States) :
New York City
mills of dolls
Outside New York City.— mills, of dolls..
Bank clearings (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..
3
Seven months' cumulative ending July 31.




46

TREND OF BUSINESS MOVEMENTS—Continued
1926

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

April

May

June

PEE CENT INCREASE (+) OR
DECREASE (— )

1925

July

August

July

August

August, August,
1926,
1926,
from
from
July, August,
1926
1925

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

1925

1926

Per

cent
increase
(
ort>
decrease
(-)
cumulative
1926
from
1925

BANKING AND FINANCE— Continued
Banking— Continued
Federal reserve member banks:
Total loans and discounts.. .mills, of dolls.. 13,949
13, 874
13,976
14, 179
14, 135
Total investments
mills, of dolls..
5,662
5,599
5,705
5,576
5,681
Net demand deposits
mills, of dolls.. 12,829
13, 252
12, 846
12,917
12,961
Broker's loans:
To New York Stock Exchange
...thous. of dolls.. 2,835,719 2,767,401 2,926,298 2,997,760 3, 142, 148
By New York banks
.thous. of dolls. .2,463,697 2,431,505 2, 565, 177 2,602,042 2,758,274
Interest rates:
New York call loans
per cent..
4.43
4.59
3.97
4.19
4.38
Commercial paper 4-6 mos
per cent..
3:95
4.31
4.00
3.88
4.20
Discount rate:
N. Y. Fed. Res. Bk., 60-90 days, .per cent..
3.50
4.00
3.50
3.50
3.50

13, 217
5,506
12, 815

13,375
5,471
12, 755

+1.5
-0.9
4-0.9

+6.0
+2.3
+1.6

+4.8
+6.0
4.30
3.93

4.31
4.00

+3.6
+9.1

3.50

3.50

+14.3

+14.3

+6.5
+7.8

Public Finance
Government debt:
Interest-bearing
Total gross debt
Short-term debt
Customs receipts
Total ordinarv receipts
Expenditures chargeable to
ordinary receipts
Money in circulation:
Total
-Per capita

mills, of dolls .. 19,808
mills, of dolls ._ 20,069
mills, of dolls _.
5,363
thous. of dolls__ 47, 936
thous. of dolls
194, 713

19, 803
20, 063
5.359
42, 707
183, 520

19, 384
19, 643
4,944
47, 261
651, 639

19, 357
19, 613
4,917
49, 352
236, 020

19, 281
19, 534
4,841
51, 815
192, 954

20, 199
20, 488
6,241
45, 156
194, 945

20,166
20, 447
6,208
49, 114
212, 915

-0.4
-0.4
-1.5
+5.0
-18.2

-4.4
-4.5
—22.0
+5.5
-9.4

372, 476
2, 318, 297

387, 976
2, 482, 046

+4.2
+7.1

thous. of dolls

336, 867

250, 867

362, 203

222, 095

254, 802

245, 593

214, 208

+14.7

+19.0

2, 275, 817

2, 277, 800

+0.1

4,854
42.11

4,871
42.21

4,835
41.85

4,858
42.01

4,864
42.02

4,720
41.31

4,784
41.84

+0.1
0.0

33, 543

29, 408

29, 680

28, 130

34, 505

37, 159

-5.2

-24.3

311, 063

267, 708

-13.9

16, 157
15, 710
1,676
1,770

10, 092
15, 525
3,791
72

11, 167
14, 614
3,898
' 3, 328

12, 516
14,096
1,519
1,494

10, 932
15, 961
7,612
2,627

22, 339
13, 460
1>360
967

+12.1
-3.5
-61.0
-55.1

-44.0
+4.7
+11.7
+54.5

121, 329
147, 307
47, 427
24, 942

103, 444
139, 491
24, 775
18, 849

-14.7
-5.3
-47.8
-24.4

1,730
437
1,216
77
158

1,708
435
1,160
113
150

1, 605
396
1,122
87
171

1,593
449
1,071
73
141

1,685
418
1,184
83
155

1,513
365
1,069
79
111

-0.7
+13.4
-4.5
-16.1
-17.5

+5.3
+23.0
+0.2
-7.6
+27.0

14, 618
3,362
10, 582
674
1,411

14, 674
3,637
10, 349
688
1,382

+0.4
+8.2
-2.2
+2.1
-2.1

338, 650

341, 350

491, 915

234, 635

321, 542

215, 800

320, 170

+37.0

+0.4

3,025,835

3, 214, 354

+6.2

62. 950
31, 300
24, 900
6,750

71, 250
41, 550
24, 575
5,125

121, 415
62, 215
31, 900
11, 600

87, 135
47, 950
33, 500
5,685

72, 800
47, 050
18, 500
6,250

83, 900
46, 500
32, 275
5,125

68, 920
45, 300
17, 250
5,375

-16.5
-1.9
-44.8
+9.9

+5.6
+3.9
+7.2
+16.3

819, 955
442, 575
240, 035
70, 175

857, 510
460, 035
251, 115
76, 245

+4.6
+3.9
+4.6
+8.6

mills, of dolls . .
- -.dollars _

+1.7
+0.4

Business Failures
Liabilities (United States) :
Total commercial
thous. of dolls . . 38, 487
Manufacturing
establishments
thous. of dolls
16,734
Trade establishments
thous. of dolls
19, 094
Agents and brokers
thqus of dolls. _
2,660
Liabilities (Canada)
thous. of dolls
3,202
Firms (United States) :
1,957
Total commercial
number
Manufacturing establishments. . .number..
494
Trade establishments
number
1, 378
85
Agents and brokers
number
153
Firms (Canada)
number. .

Dividend and Interest Payments
(For the following month}
Grand total
thous. of dolls.
Dividend payments:
Total
thous. of dolls _
Indus and misc corp
thous. of dolls
Steam railroads
- -.thous. of dolls _.
Street railways
thous. of dolls
New Security Issues
Foreign governments
thous. of dolls
83, 100
Total corporation (Commercial and Financial
Chronicle)
*
thous. of dolls.. 442, 586
Purpose of issueNew capital..
thous. of dolls
331, 516
Refunding
..thous. of dolls
111, 070
Kinds of issueStocks
.
...thous. of dolls.. 31, 733
Bonds and notes _ _
thous. of dolls.. 410,853
Class of industryRailroads
thous. of dolls
61, 924
Public utilities
.thous. of dolls
216, 932
Industrials
. . thous. of dolls..
51, 100
Oil
thous. of dolls..
9,450
Land and buildings
thous. of dolls.. 53, 533
Shipping and misc
48, 498
1thous. of dolls..
Bond issues (Canada) :
Govt. and provincial
thous. of dolls..
None.
5,735
Municipal
_
thous. of dolls. .
Corporation
thous. of dolls
50, 575
Total corporation (Journal of
Commerce).
thous. of dolls.. 438, 299
States and municipalities:
Permanent loans . .
thous. of dolls.. 117,553
Temporary loans
thous. of dolls
72, 748
New incorporations.
thous. of dolls.. 1, Oil, 931




42, 000

27,600

12, 520

34, 000

144,500

8,700

453, 868

472,402

474, 383

243, 450

398, 059

240, 987

-48.7

441, 631
12, 237

379, 039
93,363

414, 635
59, 748

176, 155
67,295

323, 377
74,682

211,750
29,237

196, 423
257, 445

57,196
415, 206

101, 036
373, 348

46, 507
196, 943

160, 637
237, 422

17, 925
274,824
51, 178
3,500
50, 481
55, 710

40, 376
215,876
76, 744
2,050
94, 744
42, 362

40, 775
211,829
91,801
6,500
82,893
40, 585

15, 085
69, 434
66,035
10, 500
52,628
29, 618

25, 000
6,643
2,100

21, 943
3,342
34, 005

5,250
4,950
48,005

253, 742

278, 280

141, 042
35, 533
867, 366

145, 660
58,335
757, 355

-38.5

405, 831

249, 492

3, 161, 519

3,595,826

+13.7

-57.5 -16.8
+12.6 +130. 2

2, 664, 954
496, 563

3, 213, 144
482, 683

+20.6
-2.8

64,370
176, 617

-54.0
-47.2

-27.8
+11.5

813, 549
2, 357, 970

912, 079
2, 683, 750

+12.1
+13.8

65, 000
107,853
92,445
40, 722
63, 269
26, 769

19, 245
111,539
39, 178
14, 547
36,994
18, 684

-63.0
-67.2
-28.1
+61.5
-36.5
-27.0

-21.6
-37.7
+68.6
-27.8
+42.3
+58.5

430, 753
1, 180, 752
.602, 565
218, 382
471, 687
221,831

277, 696
1, 482, 225
745,513
187, 537
490,428
376,965

-35.5
+25.5
+23.7
-14.1
+4.0
+69.9

None.
1,051
11,949

None.
2,032
3,400

None.
1,534

-78.8
-75.1

-31.5

87, 742
34, 931
115,417

167,393
38,085
174, 209

+90.8
+9.0
+50.9

269, 140

154, 582

321, 115

191, 121

-42.6

-19.1

2, 504, 461

2,593,712

+3.6

92,063
51,831
454,865

60, 902
123,301
33,480
9,565
505, 770 1,066,860

87,496 -33.8
46,040 ; -81.5
972,735 i +11.2

-30.4
-79.2
-48.0

960,705
514, 920
6,460,888

898, 109
454,003
8, 061, 073

-6.5
-11.8
+24.8

+171.6 +290.8

+1.0

47
TREND OF BUSINESS MOVEMENTS—Continued
1936
The cumulatives shown are through
August except where otherwise noted.
Earlier data for items shown here may
be found on pages 22 to 151 of the
August, 1926, "Survey"

April

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1925

July

August

July

August

980, 638
508,800

985, 160
513, 994

August,
1926,
from
July,
1926

August,
1926,
from
August,
1925

CUMULATIVE TOTAL
FROM JANUARY I
THROUGH AUGUST
31

Per
cent
increase
(
ort>
decrease
(-)
cumulative
1926
from
1925

1925

1926

275, 046

292, 985

+6.5

31,908,599 31,697,142
s 229, 380 3 171, 033
32,137,979 31,868,184

-11.1
-25.4
-12. 6

BANKING AND FINANCE-Continued
Agricultural Finance
Loans outstanding, end mo.:
Federal farm-loan banks... thous. of dolls.. 1,033,045 ,038,385 1,043,955
Joint-stock land banks
thous. of dolls.. 587, 169 594,028 600,150
Federal intermediate credit
banks
thous. of dolls.. 81, 574
78,554
76,450
War finance corporation
thous. of dolls..
12, 564
11,870
11,188

,048,275 1,053,336
605,718 610, 794

+0.5 +6.9
+0.8 +18.8

71,139
10,803

78,083
10, 504

58,333
28,043

57,886
26,741

+9.8
-2.8

+34.9
-60.7

163. 01
93.77
112. 75

172. 22
96.14
115. 64

149. 25
80.23
110. 75

158. 16
83.63
112.71

+5.6
+2.5
+2.6

+8.9
+15.0
+2.6

Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share..
25 railroads, average
dolls, per share..
103 stocks, average
dolls, per share
Southern cotton mill
stocks
.
.dolls, per share..
Stock sales:
N. Y. Stock Exchange
thous. of shares..
Bond sales:
Miscellaneous..
thous. of dolls
Liberty- Victory
thous. of dolls
Total
thous. of dolls
Bond prices:
Highest-grade rails.p. ct. of par, 4% bond..
Second-grade rails_.p. ct. of par, 4% bond..
Public utility
p. ct. of par, 4% bond
Industrial
p. ct. of par, 4% bond
Comb, price index__p. ct. of par, 4% bond..

144. 70
86.33
108.94

146.95
88.04
108. 13

155.81
92.37
111. 50

117. 79

115. 04

113.84

110. 58

110. 33

113. 66

114. 24

-0.2

-3.4

24, 296

23,188

37, 990

36,732

44, 189

37, 273

32,865

+20.3

+34.5

269, 232
28,948
298, 180

226,854
.20,857
247, 711

250,875
26, 452
277, 327

221, 926
20, 052
241, 978

237, 909
32, 192
270, 101

219, 278
22, 143
241, 421

89.83
81.23
73.69
77.60
80.16

• 89. 99
81.97
74.24
78.15
80.68

89.59
82.20
74.89
• 78. 08
80.82

89.11
81.53
75.14
77.79
80.56

89.23
81.20
74.78
78.09
80.48

87.28
76.78
71.05
76.85
77.56

86.00
75.99
70.66
74.27
76.34

102.87

102. 78

102.9

102. 74

102. 56

102. 14

102. 92
99.38
4.12

102.83
99.43
4.12

103. 31
99.42
4.10

103. 40
99.15
4.11

103. 61
99.08
4.12

103. 40
97.47
4.07

42, 398

49, 754

82, 985

69,408

48, 220

60, 099

36, 428

-30.5 +32.4

429, 454

438, 215

+2.0

20, 603
13, 110

18, 239
12, 615

40, 945
7,425

43, 660
18, 125

18, 845
18, 760

37, 004
9,420

21, 180
11,515

-56.8 -11.0
+3.5 +62.9

264, 267
88, 845

238, 867
88, 588

-9.6
-0.3

5,085

15, 480

13, 180

3,138

8,000

8,145

42, 310

57, 385

+35.6

11, 378
6,235
6,440

29, 191
4,833
7,875

34, 295
16, 505
7,035

22, 640
29, 345
8,850

8,915
8,960
7,070

13, 756
16, 655
6,630

10, 175
5,705
6,970

-60.6 -12.4
-69.5 +57.1
-20.1 +1.4

167, 874
76, 198
62, 072

179, 836
85, 943
57, 921

+7.1
+12.8
-6.7

75, 336
803
13,116
17, 884

69, 699
849
2,935
9,343

68, 261
852
' 18, 890
3,346

82, 696
860
19, 820
5,069

97, 426
843
11, 979
29, 743

92, 830
818
10, 204
4,416

87, 490 +17.8 +11.4
808
-2.0 +4.3
4,862 -39.6 +146. 4
2,136 +486. 8

648, 806
6,410
55, 733
197, 488

611, 745
-5.7
6,591
+2.8
154, 920 +178. 0
76, 548 -61.2

4,954
6,322
7,612
.644

5,066
4,872
7,931
.651

5,211
5,628
7,978
.655

4,673
5,949
7,921
.648

5,073
5,989
8,037
.624

5,365
5,238
8,349
.694

4,934
7,273
8,285
.702

4.86
.034
.040
.037
.402
.268
.193

4.86
.032
.039
.031
.402
.268
.194

4.87
.029
.037
.030
.402
.268
.194

4.86
.025
.034
.024
.402
.268
.194

4.86
.028
.033
.028
.401
.268
.193

4.86
.047
.037
.046
.401
.269
.194

4.86
.047
.037
.045
.402
.269
.194

0.0
0.0
+12.0 -40.4
-2.9 -10.8
+16.7 -37.8
-0.2 -0.2
0.0 -0.4
-0.5 -0.5

.466
.362

.470
.363

.469
.363

.471
.363

.478
.364

.411
.366

.410
.366

+1.5 +16.6
+0.3 -0.5

1.000
.908
.140
.121

1.001
.913
.147
.120

1.001
.917
.155
.120

1.001
.921
.156
.121

1.001
.920
.154
.121

1.000
.918
.114
.117

1.000
.917
.121
.119

0.0 +0.1
-0.1 +0.3
-1.3 +27.3
0.0 +1.7

+0.1
-0.4
-0.5
+0.4
-0.1

+3.8
+6.9
+5.8
+5.1
+5.4

102. 46

-0.2

+0.1

103.81
97.71
4.15

+0.2
-0.1
+0.2

-0.2
+1.4
-0.7

(For 1st of following month}
5 Liberty bonds
p. ct. of par..
16 foreign governments and
city
.p. ct. of par
Comb, price index, 66 bonds. _ p. ct. of par__
Municipal bond yield.
per cent
Long-term real estate bonds issued:
Grand total
thous. of dolls
Purpose of issueFinance construction... thous. of dolls..
Real estate mortgage _ _ .thous. of dolls.
Acquisitions and
improvements
thous. of dolls
Kind of structure —
Office and other
commercial
thous. of dolls _.
Hotels
thous. of dolls .
Apartments
thous. of dolls
GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces..
Rand output
... _ thous. of ounces _.
Imports
_
thous. of dolls..
E xports
... thous . of dolls _ _
Silver:
Production
thous. of fine oz.
Imports _ . __ __
thous. of dolls..
Exports
. thous.' of dolls..
Price at New York
dolls, per fine oz

650 +154. 9

+8.6
+0'.7
+1.5
-3.7

+2.8
-17.7
-3.0
-11.1

FOREIGN EXCHANGE RATES
Europe:
England
dolls, per £ sterling
France
dolls, per franc
Italy
dolls, per lira..
Belgium
..dolls, per franc..
Netherlands
dolls, per guilder..
Sweden
dolls, per krone..
Switzerland
dolls, per franc
Asia:
Japan
. .. .dolls, per yen..
India
dolls, per rupee
Americas:
Canada
dolls, per Canadian doll..
Argentina
dolls, per gold peso
Brazil
dolls, per milreis..
Chile
dolls, per paper peso..
8
Seven months' cumulative ending July 31.




42, 060
44, 694
67, 150

40, 353
48, 925
65, 326

-4.1
+9.5
-2.7

48
TREND OF BUSINESS MOVEMENTS—Continued
1936

PER CENT INCREASE (+) OR

1925

DECREASE (— )

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

£
August August
1926,
1926,
from
from
July, August
1926
1925

April

May

June

July

August

July

397, 964

321, 029

336, 980

339, 233

336, 000

325, 648

340, 086

104, 808
thous of dolls
thous. of dolls. . 11, 648
thous of dolls
17, 101
7,639
thous. of dolls
33, 271
thous. of dolls..

89, 461
8,771
14, 413
7,420
24, 401

104, 597
10, 074
15, 100
7,924
31, 591

95, 238
10, 193
15, 416
6,735
27,344

93, 071
9,852
13, 809
7,036
33, 196

100, 547
14, 287
13, 770
6,046
32, 312

thous of dolls
thous of dolls

90, 929
38, 434

79,048
35, 144

88, 134
41, 607

78, 894
39,880

76, 103
38, 824

71, 706
36, 282

3

thous of dolls
thous. of dolls

51, 247
8,027

37, 542
6,933

40, 390
7,365

41, 056
5,092

41, 487
5,249

41, 932
5,152

thous. of dolls
thous of dolls
thous of dolls

139, 864
32, 309
11,115

110, 238
24, 810
4,740

96, 527
21, 137
7,332

117, 324
35, 532
6,721

111, 724
31, 866
3,263

thous of dolls

164, 800

128, 109

122, 537

131, 215

47, 122
39, 249
70, 610
76, 182

35, 908
32, 931
61, 059
63, 022

43, 040
36, 025
64, 332
71, 046

42, 209
29, 312
65, 775
70, 721

356, 621

338, 419

368, 359

U. S. FOREIGN TEADE

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

1925

1926

2,729, 491

2,979, 573

+9.2

3 687, 721
3 85, 079
3 82, 625
3 60, 984
3 232, 065

3 727, 751
3 80, 048
3 112, 967
3 54, 004
3 225, 635

+5.8
-5.9
+36.7
-11.4
-2.8

3 505, 840
247, 826

3
595, 147
3 268, 669

-0.1
+8.4

3 302, 483 • 3 3339, 321
3 51, 553
57,184

+12.2
+10.9

119, 732
35, 727
6,567

3
744, 607
3 184, 960
3 58, 755

+22.5
+13.7
+18.2

125, 483

140, 524

3 956, 297 31,120,124

42, 368
34,095
58, 791
64, 911

36, 702
29, 786
65, 302
65, 664

339, 660

379, 823

August

'

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 class of commodities:
Crude materials
Foodstuffs, crude, and
food animals
Manufactured foodstuffs
Semimanufactures
Finished manufactures

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST
31

1

thous. of dolls..

thous
thous
thous
thous

of dolls
of dolls
of dolls
of dolls

-1.0

-1.2

3

911, 883
3 210, 273
3 69, 471
3
3

3 273, 826
279, 068
436, 454
443, 752
3
3
3

+17.1

310, 123
242, 494
3 480, 457
3
490, 373

+13.3
-13.1
+10.1
+10.5

2, 961, 804

-3.9

1, 167, 860
3 144, 034
3
151, 931
3
88, 939
3 492, 141

-18.1
-3.8
-39.8
-31.1
-8.1

Exports
Grand total, including reex387, 871
ports
thous of dolls
By grand divisions;
Europe —
175, 732
Total
thous. of dolls
21, 924
France
thous of dolls
21, 345
Germany
thous of dolls
14, 811
Italy
thous. of dolls
70, 614
United Kingdom
thous. of dolls..
North America99, 272
Total
thous of dolls
56, 746
Canada
thous. of dolls
South America37, 181
Total
thous of dolls
10, 878
Argentina
thous. of dolls
Asia and Oceania—
66, 460
Total
thous. of dolls
21, 000
Japan
thous of dolls
9,226
Africa total
thous of dolls
Total, domestic exports only- --thous. of dolls.. 379, 198
By classes of commodities:
80, 506
Crude materials
thous of dolls
Foodstuffs, crude, and
14, 595
food animals
thous of dolls
38, 170
Manufactured foodstuffs
thous of dolls
57, 910
Semimanufactures
thous of dolls
Finished manufactures
thous. of dolls _ . 188, 017
Agricultural exports (quantities):
86
All commodities
index number
All commodities except
107
cotton
index number

386, 000

+4.8

+1.6

3, 082, 803
3

145, 477
19, 084
21, 202
11,801
55, 500

144, 393
14, 802
20, 170
10, 661
62, 647

166, 123
12, 769
20, 395
12, 201
77, 446

155, 090
14, 456
23, 588
12, 268
57, 744

180, 873
18, 212
34, 114
11, 601
63, 099

110, 873
75, 735

98, 642
64, 989

101, 912
66, 101

101, 514
62, 969

101,375
60,781 !

3
650, 352
3 366, 133

3 678, 634
3 419, 430

+4.3
+14.6

35, 342
10, 643

30, 126
9,770

37, 299
11, 464

32, 285
11,977

38, 125 I
14,390

3 225, 818
3 82, 463

3 248, 401
3 80, 456

+10.0
-2.4

57, 483
18, 753
7,447
348, 079

57,490
16, 895
6,768
328, 728

54, 400
17, 805
8,625
360, 494

44, 895
11,352
5,876
331, 674

50,790
13,238 1
8,701
372,647 1

3 352, 043 3 424, 267
a 107, 775 3 139, 135
3 48, 067
3 55, 642
3
2, 655, 834 32,515,377

+20.5
+29.1
+15.8
-5.3

67, 383

63, 245

72, 093

56, 854

71 472

3 680, 544

3 569, 500

-16.3

25, 155
34, 053
50, 707
170, 781

21, 088
34, 237
54, 986
155, 172

33,908
35, 418
53, 145
165, 930

22, 546
43, 346
57, 782
151, 146

28,564
47,514
52, 149
172,406

3 194, 716
33 322, 912
402, 961
3
1, 051, 700

3 138, 359
33 272, 029
370, 038
1, 165, 451

-28.9
-15.8
-8.2
+10.8

81

71

82

104

70

82

113

104

126

171

125

137

86, 052
93, 095

91,513
119,399

88, 610
111, 595

81, 492
103, 280

82,074
112,414

31,426,700
3 149, 751
3
252, 442
33 129, 108
535, 502

+26.8 .+26.8
+35.7

+24.8

CANADIAN FOREIGN TRADE
Total trade:
Imports
Exports
3

thous of dolls
thous of dolls

Seven months' cumulative ending July 31.




67, 801
60, 915

""

!

3 496, 454
3 598, 834

3

575, 655
« 673, 495

+15.9
+12.5

P E P A E T M E N T Of G 0 M M E B C E
HlERBiBRT HOOVER, Secretary of Commerce

CHIEF FUNCTIONS OJP
BUREAU OF
WILLIAM M. STE^ABT,
< The taking ot the decennial census covering yap^l&tioi^ agri•ultlirisjfianufacturesj mines and quaiyies, ana foiesirdae^.
Decennial report om wealth,, public debt, and
1% principal financial ^statistics on Federal, State* cotujty^
fctfdtownshipfe^ernniieiiis*; , . „ '
_
- 5 -Annual $nanciai; statistics ofk State and
ments^-iSource&of tfbvfciiue, pbjeets of payine
Decennial statistics relating to inmates of institutions, including paupers, insane, prisoners, and juvenile delinquents,
4 census of agriiiiitur% in each middc^enti&l 5^^r %;m?ptiW
' of ip^ufactures, a quinquennial 'ce$su£/o,f Seetrical
utilities, statics of marriage and drrorjee* tv ; .; ~
statists! of births, 4eai1&s» causes of cfeatb, efes,> ra
tioii ai;e£0f%he, U$it^ States,* .
; ?:
r pr;( monthly statistics of cotton,
leather and many btti^iadus|rl|rs:
>
iompilatioB^ and^utfllpffetio^ in tie *4

dUstribu^on\^fobd fisfa and shefifiah.
. Investigations. tQ: promote, conservation ipf fishery resourcei
the development of commercial fisheries, and aquiculture. 1.
;^ucly of, fisheryrmetho:dSf, ftia|^ov^m,ents fm nrerchaiidism
anfl fiminatioB d waste and |he eojie^tioii of fbh^ry stattsticg
Ad^plnistr^tibn trif; Alaska Cileries Janrf fur s0als and the las
oo thevprotecti^n of fijptoges o€ th^coa^t of

The maintenance of lighthouses and other aids to
marking the navigable waters of :^i;tMte^ Statei.
iFhe p^lic^tte ot/Mght Ltsts^JN^
Mariners, giving information regarding these aids to navigation.

poMBStic
compilation r^t iiEa^y inf orfpaiion
market %c&iteiQns$a$ openingi for American products in;"
eign countries secured through commercial attaches, trade comf^pstoneta and \$®tis&)jff^ wp^^- ^^ disteiljulid
toorma^ion
f o Ameit^bi ijup&ie^ss through weekly ^
rtpoi^s,*1 speciaH bullfti^s, ©^Mential circular^ the news
trade^ press, cori^oiidetoe, and jersopal coni^el «"
^*The inaiBte&anee -of, commodity, technical, .and, regional
divisions to afford special service t0 American export industries.
X I / *Hie ^ompilatiettaiad distribution of names of possible buyers
^f -piici agentfc for Aaa^ricai^^iEoducts ifc all parts^of ta&wprj&aad
publication
of weekly lists of specific sales opportunities ab
:
The maintenance of district and cbopemtaye offices *-*-***'
i ifehetJnited States to'expedite delivery of marltetli
The putjlicatioii of offpial .statistics on imports and c
;The study of the processes otdomes^e trade and ^otiimefise.
;

,
>ublicat!oii
charts njeeded for the
iit waters^
ing Amsj% fattfy&
.
lrgm IfcMnoX and the
, ,
A ge^etie.syMem covers :%ecoufit^^
iwirveys of tjbte coasjte^ and furnishes %ccu^fely^ determined^
c^atfoi points arid el^vattons.: These are ayallal^for Federal* ,
mate^md othjer surveys and fngineeriag^ro§ect$, Magnetfo
decHnatioti results are for use of ^surveyors aiid engineers
throughout all part$ of 1^ie countrr. ^ ;
\ :
; ^,
The ^w0r¥ df > jbhe bureau incltfdN Base j^easures, triauguiartioni: ; pref ise leyeMag, Jatitude^lon^feudeJ aMciuth And magne|ic observations and; researches, iEna^etic maps, Cavity,
toj!Njgraphy, iyifrography, tide, and current observations. *% ,
The results ^ar& published in the form ,of HBharts, annual
redrtsHCoastpJIo^, \tide tables, curteni tables, digests of
d ^ecial publications.

^ , ^ " BUREAU^ OF STANDARDS ; ; ^;.•' >/-•' -l
OP
v
G^josap K BxJBaBss, Dir®3Mr:; J
,
D* B* CAKSON, Goioamissioto \-.
'Custody, development and ponstruction (ifVftaa^yd^i of
ce of oommercW naarfise md flter^haut seamen.
- measurement, quality, performance or practice, comparison olt
Bupervt^on O;^ re^stering, enrolling Ecen|in|,: riumbeiiik,
standards
used
^ry
scienti®5
or
other
ii^stitutipas;
^
\
\
of vessel^ under the United Stetes feg,Z;an<l the
animal
/%DetominatioB <>f phyMcal constants and properties of ,ete^,
pubpoaMon b¥ a list; of such vessels*,
;^ H
iaaaterials. . , - " . .-' ^ ,,
'
,^
-_/*"r
W
v
The enfofcm§iit of the navi^tioia>nd steamboat» inspection
;cc "fSe testing of materials tustd establishment ofvsta]Qdard»a^d few^
Jaws govejming radio communication, as well as
processes in^cooper^tioii^>frith commercial firms or organization^ dutiesarrCihe
connected with, fees^ fines, tonnage tares, .irer^nds, etc./
; Kesearches covering intdi^trial materials a0d;prociesfeeji V
,
^
The coliseetioii ani (gemination of> infq^mation ^cdn^er^Btg originating under such laws.
STEAMBOAT INSPECTION
jfotablfehiiieB^ of sifipii^^^ commercial practices through,
, \" j
:
vcooperative business o^glnifiattons:
DICKKBSON
If y^kooyi&B, SupervisingI Jtagie^i^
.The Bureau published ei^itj series of scientific a$d jfechnicai
publications, reporting il|e results, of its researches %nd giving s, The, inspection of v^sels, the licensing of the officers of ves^tebhnical data;f^ftdameataf to science and industry^ ^ sels, and the administration of laws relating to such vessels ant!
^ "pie direc^r has supervislDn of the pfeparatiofi of ^technical their officers; /The certification of able seamen aad Hfeboal
specifications throitght fn^ Bederai Specifications Board.
;
men who form the crews of merchant vessels. ^
The lfi^)ectio^ of vessels, inclu^g the ty^es ^f fooites; the
OF MINES
testing of aH m&terials^subject to tensile stmin IB Marine feoilers]
the inspection of hulls and of life-saving equipment.
"
Bcotr TuBl?BBf pireetor
:
iiboat iaspeciioii laws.
Technical iavestigaMoas^ ifi mining, preparation a|^[ Itilu&a*
^ Hem of mineral substances, with a view to increase of safety,
CNIfipB STATES PAIEIiJT OFFICE
health and efficiency in the mineral industries, including the
atady ^fl mine haaa5«fexand safety methods, ^nd^of toproved
^
THOMAB E* ROBKBTSON, CJommissioner
methods in the production and use of petroleum, natural gas,
eoaf, ores, atfd nonrnetallic minerals.
;
Supervision of the granting of patents and the registration of
, x"Tis$tiBg of fuels purchased by ^e Governjnenjb and manage- trade-marks, prints and labels, including technical examination
ment of fee Oovertim»TQ%Fuei Yard at WashjngtoB, ? ,
and judicial proceedings. ;,- ,
> " ^- r
Research on helium atii^operatioa of plants for production o^
Maintenance
of
Hbrary
with
public
search
room, containing
cttiitm
.
' ,
,>--,,«
,
. .. ,' - ". .. . .~ " v v v
.
,.Studies IQ the economics and marketing of minerals and States patents and trade-marks. Maintains recording office of
collection of statistics on mineral resources and mine accidents. bills of sale, assignments, etc., relating to patents and trade-.
, The dissemination of results of technical and economic marks. Furnishes copies of all records pertaining to patents.
researches in bulletins, technical papers, mineral resources
* of Me" Official ^T
'^ -* ^
series, mhiers' circulars, and miscellaneous publications.
issued.




;

w

PtJBWCmONS of

DEPABl'^ENT OF COMMERCE

. V c ; i %<?en\p^ibiicaMons of !the 0^arti&£n| oft 'Qoxfa&fa haying ijiesmps^ direct interest to r^adersCof tfre STO^JJT OF CX?BIUSNT;
: :v/ BttfciOTS&ate Ifeted below, 'A^eopo^lete Hst Bqiay;be c^btaliied by ^ddrassfirig .the Division *of pubUeatioriSi, Department df Oom*
? ,mercfej>t
Waslifijgton,. Copies of the publications may be purchased from the .Superintendent ot B^^^ents,
Government
Printing
"/SflQ-w.».' 'TtV^^t. if«~ ^i.-^^ .**.£. 4-1***. i^«»J^»^. ^i.^l"i^.>3 ' T^ 'i—. w'' M«J! ££"£*. «^. u>JLX2'U.«» ^ Jl ^*U L.'--^..:l_ir^_ A.i^. „ _ «.__j« JJ ^.j.I.it_,^-_~a._ j-jtf_ _ _
\ ' *'•
^ •
/
J ^ ^
'"
y

v

J

ges% Tj^is
£ furnished by the Bureati of Foreign
Bnd x0omesii0
1;
i

plan of publication and distribution of census publi-

«i/ii/tr%>A<«o &AT\i+*nt™ «f+ViA rWw-iieVV"

-

,

e, , \.

«

A

" ,*' ' ,i~ -' ^- ' '\

•: •

• " - * *-' ' ; , :
Nbw^

,

Paper :No. ,S30. . (From ^menime Jfapers, v0. 21^ pp,;
. ,^1^0^ ^ p^f»'of |3ajes"x) , jPrlce. 10^; " V *
ttbil GoW Alloys, t$ Wiljiam H.
«,«,
~
^ Ho. 53^., (FroM Scientific Pa^ers^ vol. ^l/ p|>,

<»f;
;

M. S. Obldman,^er^^Hubba^d,rand
__^^___1, Tecto3ioi6gic fa^er^W^fSfe.l* (Froga^i
ers^ Vol.^0, pp. 606^634,; IBJll^traMons.) ftice

*tin containingJ 12 pages. CTl^^a^aaii^iry.iQf,th^K;
Sfti TO printed sJ^rtly,riR4ieb ^^d^^o^afc^^taiied
Jn^l
L
i
'^i--«..j.^L—.^^^ -j^Aii/wA-. i^ft^^isx.^xjiJI^^! J^ii.jrjii^. fc^i^'C»-,*w»&ji»*a-' i

and vegetable fats and oils, calendar years
" 1924
* 'and
""'

;
the/.
States, 102S,
. .„
^p^fcts as a >ubfioa^ion of
Qeol&|ical Survey^ ^bui,o|; il; .
bt^etlu distributed by the Mines Bu^
$he Mineral <E^sotfirces
;
leaf t o e t o ; 1ield'.. by
,xjf the .United States fe now Issued, by th4t JbmeaU?; .
,
^aiahufactiarers of> and dealeS
^r, le^f tobacco. 47
Cement in 1924., (From Mineral ^esburces of the <IMied
A
*
'
" '
Ste$$s/ 1^24, ,Pt. II; ppV^4r-^3^^ Alustrattpns.)/fe^s?
I>«blioa4a:oh is given an aeco4^t%f the grbwtfr vf
dement .industry^ Price, 5£? > \
y /
,
^t^pAt^P fdREIGN ^J^^SIESTiC COI^MfilCB ; Descriptive List of Motion-Picture Films and
tribution, by M. F. Leopdld
Wood. $2^ pages,;
Commerce of the United States,
gives brief d
J
^
J
0fr
loaned by ihe"
- ^0ntains
---i.^ ^_>jstatis%ics
^^>_i__ ^.
;

f>|I^,50. . ^nual «ttbse^^oti/^^&:

Salmon-Tagging Experiments in Alaska, 1924 and 1925, by
ffliis H. Biab. S^cament No: 1005. XFroi^i BufietiEt o! %6e
l&rsau pf f^b^riesv vol; 42, JJ). lt>9Nl;4^ faap.) fh&ie GX&&&*
merits wer£ Undertaken to dif eo^er tlie niain rp^tes: Qf migration ;
of Salmon.^entering
-Alaskav ^ waters.
Fri^e,
1(M»
,/ :
; ; s<
ll
:
v
;

':

! $$&i and 192&, Pr^e, 10jf/

'•

- '

"

^ >.--

^

' "

''

American Documented Seagoing Merchant Vessels i
^rpss^olftftaiid OVer, An|N|t, 1926.^-7:1 pa|es.
:iapjftlily. : Single eopies^ lOfS; mnual &nbs€nption^a
^_
?
/ Radio Service Bmletia, August, l926.~*:P4b3isIiedV|Xit6ritttly
in interest ot radio servic^e. s Oorjitains lists;©! sadi<* stations
references to current ^fadiq literature. 14 page%v .Single
e^^ 5^; atinuarsubscriptiQn, 25ji. . j Y , Y ^
,' ! \i
COAST AND GlEpOEfliC SlJSVEf

.
,
"rt tdunS oC a series of annm^l
^iflletis^a'the
foreign trade of the
;
f
United ^tatesyi
>
- . --"( % >' - . v- V ; > ; ',v -•
' ->
v
Worlii B^<|iooti
Markets 'in 1^211 by La^relice 3X Bauson.
Tradfe M^^
Bx^etin N£/4$34 3? ^Bj,, iJhis i» a
'
tedy
of f lie ra^dlo sit^^dii of tSe, world? ^
^g Stations witfi^b^r e0rll Ml^rs a^ wave
fees' o|garged? puinber 4f reeet^iif: seJs in/ftis^ and

offices.




/

tate^ Coa^t Fibt, Atlantic Coast: Cape Cdd to
Sandy Hook.-—Second editftfet;
Serial N0>< ^3S5j 400 ^pag^ ,2
:
'maps; ftit^e, 75^. '
"i
, . ** '-* }; , , -",- ' -'^ ;; '- .
lEJse of Crrayiiir Pe»duliiiii as timepiece, by WilMam Bowie.
No. 356; 4 pages,
\
,
;
/ ^

, . - ,

,

, .-

-

. ,

.

' Classification Bulletin of the United States Patent Office
from January |toJmie;^9, 1^1^.—JSFo. 56; IS^pages. t^ls,
e,aiioii contair^ the iflassifieatioia of sub|^ti| uf iiif ention
ed by the elsssificatiotf divlsfon of tie, Patent