Full text of Survey of Current Business : October 1926
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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