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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
OCTOBER, 1927
No. 74

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 genertitty accepted by the trades, the authority and responsibility
for which are notqd in the "Sources of Data*9 on pages 134-137 of the August semiannual issue
Subscription price of the SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents, semiannual
issues, 25 cents. Foreign subscriptions, $2.25; single copies (monthly issues), including postage, 14 cents; semiannual
issues, 36 cents. Subscription price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 a year. Make
remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New
York drafc Currency at sender's risk. Postage stamps or foreign mdney not accepted



0. ». •OVUHHCMT FIIHT1M* OFFICE t III?

INTRODUCTION
THE SURVEY OF CURRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for the past two years and yearly
comparisons, where available, back to 1913; also blank
lines sufficient for six months have been left at the
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue for August, 1927, No. 72). In the intervening
months the more important comparisons only are
given in the table entitled "Trend of business movements."
WEEKLY SUPPLEMENT
Realizing that current statistics are highly perishable and that to be of use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute supplements qvery week to
subscribers in the United States. The supplements are
usually mailed on Saturdays and give such information
as has been received during the week ending on the
preceding Tuesday. The information contained in
these bulletins is republished in the monthly SURVEY,
which is distributed as quickly as it can be completed
and printed.
BASIC DATA

ment from one period to the next. Thus, if a relative
number at one month is 120 and for a later month it
is 144 there has been an increase of 20 per cent.
INDEX NUMBERS
When two or more series of relative numbers are
combined by a system of weightings, the resulting
series is denominated an index number. The index
number, by combining many relative numbers, is
designed to show the trend of an entire group of
industries or for the country as a whole, instead of for
the single commodity or industry which the relative
number covers. Comparisons with the base year or
with other periods are made in the same manner as in
the case of relative numbers.
RATIO CHARTS

In many instances the charts used in the SURVEY
OF CURRENT BUSINESS are of the type termed "Ratio
Charts" (logarithmic scale), notably the Business
Indicator charts on page 2. These charts show the
percentage increase and allow direct comparisons
between the slope of one curve and that of any other
curve regardless of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
vertical movement whether its curve is near the bottom or near the top of the chart. The difference
between
this and the ordinary arithmetic form of
The figures reported in the accompanying tables are
very largely those already in existence. The chief chart can be made clear by an example. If a certain
function of the department is to bring together these item, having a relative number of 400 in one month,
data which, if available at all, are scattered in hun- increases 10 per cent in the following month, its
dreds of different publications, A portion of these relative number will be 440, and on an ordinary
data are collected by Government departments, other chart would be plotted 40 equidistant scale points
figures are compiled by technical journals, and still higher than the preceding month. Another movement with a relative number of, say, 50, also increases
others are reported by trade associations.
10 per cent, making its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
RELATIVE NUMBERS
equidistant points, whereas the previous item rose 40
To facilitate comparison between different impor- points, yet each showed the same percentage increase.
tant items and to chart series expressed in different The ratio charts avoid this difficulty and give to each
units, relative numbers (often called " index num- of the two movements exactly the same vertical rise,
bers," a term referring more particularly to a special and hence the slopes of the two lines ate directly
kind of number described below) have been calcu- comparable. The ratio charts compare percentage
lated,
changes, while the arithmetic charts compare absolute
In computing these relative numbers the last pre- changes.
war year, 1913, or the first postwar year, 1919, have
RECORD BOOK
usually been used as a base equal to 100 wherever
As an aid to readers in comparing present data
possible. More lately the average for 1923-1925 has
with monthly statistics in previous years, the departbeen frequently taken as 100.
The relative numbers are computed by allowing the ment is compiling a RECORD BOOK OF BUSINESS
monthly average for the baset year Or period to equal STATISTICS, in which data now carried in the SURVEY
100. If the movement for a current month is greater OF CURRENT BUSINESS are shown by months as far
than the base, the relative number will be greater than back as 1909, if available. Full descriptions of the
100, and vice versa. The difference between 100 and figures and reports of how the data are used in actual
the relative number will give at once the per cient practice by business firms are contained in the RECORD
increase or decrease compared with the base period. BOOK. The first section, covering textiles, has already
Thus a relative number of 115 means an increase of 15 been issued and may be obtained for 10 cents per
per cent over the base period, while a relative number copy from the Superintendent of Documents, Government Printing Office, Washington, D. C. (Do not
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the send stamps.) Notices of other > sections will be
approximate percentage increase or decrease in a move- given in the SURVEY as they are issued.
This issue presents practically complete data for the month of August and also items covering the early weeks of
September received up to September 28. (See charts and table, pp. 4 and 5.) As most data covering a particular month's
business are not available until from 15 to 30 days after the close of the month, a complete picture of that month's
operations can not be presented at an early date, but the weekly supplements give every week the latest data available.



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

:

: BUREAU OF FOREIGN AND DOMESTIC COMMERCE

:

: BUREAU OF STANDARDS

OCTOBER

No. 74

1927

CONTENTS
INDEX BY SUBJECTS

SUMMARIES

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

Long-term indexes of stock-market values.
Output of canned fish products

21
48

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

Text
page

Table
page

12
23
13
25
14
29
14 27,31
14
30
14
31
15
33
15
33
15
35
15
36
16
38
16
41
17
41
42
11
17
43
17
45
17
47

PRELIMINARY SUMMARY FOR SEPTEMBER
The dollar volume of business during September, as
seen from figures covering check payments for the
first three weeks, was larger than during the corresponding period of 1926. Distribution of goods, however, as seen from figures on car loadings, was running
smaller than last year, the principal declines occurring
in loadings of mineral and agricultural products. The
value of new building contracts awarded during the
early weeks of September showed a falling off from the
corresponding period of 1926. The production of
bituminous coal was running higher than in the preceding month but was lower than in September of
last year. The output of crude petroleum receded
from the preceding month but was still substantially
greater than the production a year earlier. Lumber
output was running somewhat higher than in September, 1926.
64364—27

1




Wholesale prices continued to recover during September. Loans and discounts of Federal reserve
member banks expanded during the month, being
substantially higher also than a year ago. The Federal reserve ratio averaged higher than in the corresponding period of last year. The prices of stocks on
the New York Stock Exchange continued to average
higher, reaching a new high record during the month.
Bond prices advanced, as compared with both prior
periods.
Interest rates on call loans averaged higher than in
the preceding month but were lower than in the corresponding month of 1926. Time-money rates were
lower than in either the preceding month or the same
month of the previous year. Business failures during
September were more numerous than in the corresponding period of 1926.

MONTHLY BUSINESS INDICATORS, 1920-1927
[Ratio
charts—see exDlanations
on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production
1
v
for the varying number of working days in the month]

1920
350




RELATIVE TO 1913 AS 100
1921 1922 1923 1924 1925 1926 1997

INTEREST RATES, COMMERCIAL

RELATIVE TO 1919 AS 100

1920 1921 1922 1923 1924 1925 1926 1927

WHOLESALE TRADE 6 LINES

DEPT. STORE TRADE (359 STORES
WHOLESALE PRICES (DEPT OF LABOR )

FARM PR ICES (OEPT OF AGRICULTURE)

MANUFACTURING PRODUCTION

UNFILLED STEEL ORDERS

AUTOMOBILE PRODUCTION
( PASSENGER CARS AND TRUCKS)

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

1920

1921 1922 1923 1924 1925 1926 1927

192! 1922 1923 1924 1925 1926

200

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.
1926

MONTHLY AVERAGE

1927

ITEM

1920 1921 1922 1923 1924

1925 1926 May June July Aug. Sept. Oct. Nov. Dec. Jan.

Feb. Mar. Apr. May June July Aug.

1913 monthly aver age = 100
Production :
Pig iron
Steel ingots
Copper
Cement (shipments)
Anthracite coal
Bituminous coal
Crude petroleum.
Cotton (consumption)
Beef . .
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum *
Cotton (total)
Price: »
Wholesale index
Retail food
>
Retail coal, bituminous _
Farm products
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
Banking:
Clearings, New York City
Clearings, outside .
Commercial-paper interest rate
Distribution :
Imports (value)
Exports (value)
Sales, mail-order
_
Transportation :
Freights, net ton-miles

120
135
99
108
98
119
178
105
119
113
170

54 87
64 114
38 80
107 131
99 60
87 88
189 224
97 109
113 126
117 130
90

130 101
144 122
120 128
153 164
102 96
118 101
295 287
117 99
130 133
160 151

118 127
146 155
136 141
177 182
68 92
109 121
304 309
115 120
138 144
128 127

73

136 126 126
156 148 144
143 139 140
243 259 254
106 117 111
98 105 109
303 298 315
111 111 99
139 150 136
119 136 129

125 123 130 126 121
158 155 162 147 137
140 141 146 146 141
251 245 237 153 87
107 110 113 97 98
116 123 137 150 145
324 318 336 338 351
108 123 122 126 130
140 164 166 155 150
118 100 101 119 151

61

59

61

60

369
111

290 269 271
129 177 143

268
119

265
98

154
146
190
135

150
146
169
134

159
145
167
147

151
160
172
136

152
161
161
139

152
160
160
139

197

198

162

149

147

129

96

102

68

143
155

171 265
198 153

311
125

226
203
207
205

147
153
197
116

149
142
188
124

108 229 228

64

62

121 115 136 134
149 150 178 162
148 134 134 138
91 150 194
81
86 77 80 93
143 133 151 87
345 328 364 351
130 127 149 133
135 122 132 128
164 128 146 126

132
159
139
228
106
89
368
136
136
143

59

52

64

67

64

265
85

265 264 264
137 217 260

265
267

266
257

272 276
239 210

151
157
160
136

149
156
162
133

151
159
170
134

150
160
177
130

148
162
188
130

147
162
187
127

147
159
183
126

146
156
181
127

130

123

131

146

143

200 225

206

61

61

121 115 115
138 126 138
135 127 130
267 237 290
95 66 102
92 84 105
360 378 377
142 122 136
136 126 141
163 137 122
52

53

54

284 293
181 151

301 310
122 105

318
107

145
154
179
126

144 144
154 155
165 163
125 126

144
159
164
130

145
154
164
130

147
152
165
132

254

233

151

189

172

60

166

_ 184 136 169 185 198 262 285 253 268 280 296 296 283 295 308 301 311 324 344 361 363 381 395
67

64

75

72

81

99

112

106

111

113

116

120

114

117

121

257 205 230 226 264 300 307 297 307 302 275 271 309 282 339
275 212 230 276 284 320 327 319 332 337 307 315 345 319 344
134 118 80 90 71 73 77 72 70 72 78 80 82 80 79
294
331
264

140 177
181 154
188 204

212 201
168 185
259 284

236
198
327

247
194
349

215 225
172 163
299 309

137

105

139

159

149

146

115

131

144

139

141

324 292 364 336 314
329 291 340 323 324
75 70 72 74 75

353
333
75

323 322
320 312
78 75

227 225
178 186
284 286

230
216
336

252 250 241 239
220 232 225 203
417 425 471 313

153

162

177

160

159

147

133

137

122

143

127

128

142

208 253 252 232 238 214 248
180 198 201 190 172 167 181
312 365 361 299 320 292 335
136

153

136

147

141

140

1919 monthly average =100
Production:
Lumber *
Building contracts (37 States)
Electric power (total)
Automobiles (United States)
Stocks:
Beef . . .
Pork
Business finances:
Bond prices (40 issues)
Banking:
Debits outside New York City
Federal Reserve—
Bills discounted
Total reserves
Ratio

102
75
112
115

86
71
105
83

66
98

42

86

87

114

117 133
105 111
122 143
132 204

* 29
83 70

129 141
115 146
152 169
181 215

136
138
190
218

148 148
159 145
180 183
259 236

139
129
184
220

143 141 143 127
142 139 135 132
190 192 203 200
262 244 204 156

113 106
120 100
210 208
101 145

115 123 122 137 134
103 164 157 139 147
188 204 198 203 200
185 240 247 246 195

129 144
127 137
199 205
163 188

32
91

34
90

34
82

70

22
74

21
78

19
86

18
84

20
67

26
52

36
47

43
57

40
72

37
81

33
90

27
94

21
98

18
108

15
111

14
101

107

104

108

112

116

117

117

117

117

116

116

118

119

119

119

120

120

121

120

120

122

91

95

107

108

121

127

122

128

135

118

121

135

123

139

133

118

137

134

130

135

130

125

132 91
97 122
80 122

28
144
154

39
146
152

19
146
160

26
134
149

30
135
148

24
136
151

27
136
150

27 32
137 135
152 148

37
134
145

33
135
147

33
135
144

37
134
140

19
143
159

22
144
156

24
145
157

23 26
146 144
158 153

25
145
155

21
145
159

21
144
156

27

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




WEEKLY BUSINESS INDICATORS
[Week ending Saturday. See table on page 5}
WEEKLY AVERAGE, 1923-1925 INCLUSIVE* 100
BITUMINOUS COAL, PRODUCTION
JAN. FEB. MAR.

160

PR. MAY

JUN.J JULY [AUG.

SER OCT.

A •

\

/N/v

•/

DEC.

• •*•

-VM-

-tuj-

*•/

Y?T ttr ^r<y

N.JFEB.K'IARJ APR. [MAY| JU^j JULY UuGJ SEP. OCT MOV JPEG,

JAN.|FEB. MARJ APR. [MAY! JUN] JULY JAUG.J SEP. OCT. NOV.!DECJ

I80l
\
'

•.y

...

100

200!

/: r.

,•"*

120

DEBITS TO INDIVIDUAL ACCOUNTS

BUILDING CONTRACTS

[NOV.

T60

V

LUMBER, PRODUCTION

LOANS AND DISCOUNTS F.R,MEMBER BANKS

BEEHIVE COKE, PRODUCTION
I50r

125

100
*••'•,

=!ODUCTI£N(DAIL
PETROLEUM PRODUCTION
(DAILY AVERAGE)

s

K '20,
UJ

1

2

HO

|ioo
>

'ri< 90

*

M*f

s~- ~*s

,..

•**

40

M, , , ,

CAR LOADINGS

130,

100 ^*

.-•

....

.....
r^^)^

...'

3S^
\r

MM

M,

110

•-..
100

..... .•"*'

70^




WHEAT RECEIPTS

I'M-

TXi
^

^

••••-•.

..

•*\
., . •"

/I!/

„'„

:

UQWMU.

TIME MONEY RATES

[jAN.[1rEB.]MARJ APR. JMAYj JUN.| JULY JAUG.j S£P^ OCT. JNOV.JDEC.

1926

FE8.JMAR APR. [MAY JUN. JULY AUGI SE£P. OCT.

WEEKLY BUSINESS INDICATORS

106.3
106 3
106 2
106 0
105 9

91.2
75 2
87 0
88 2
97.5

Aug. 7
14
21
28

104.1
109.1
108.1
115.1

105.5
106.4
105.5
108.2

67.8
66.5
74.7
73.9

102.8
103.8
104.2
104.5

113.0
115.7
113.6
118.5

105.3
131.8
131.6
171.4

296.8 22.7 74.4 69.8 97.9 69.5
235.2 43.8 97.5 66.1 96.5 65.4
175.5 53.5 101.3 66.9 95.8 66.9
137.0 61.2 102.2 59.0 95.8 70.2

90.8
90.8
90.8
90.8

95.1
94.8
94.7
95.3

112.6
112.9
112.5
112.6

97 3
97.2
96.9
97 3

115.5
106.0
111.4
102.5

109 1
109 1
109.1
115 1

5
5
7
2

106 2
106.2
106.0
106 0

92 1
91.2
88.9
89 9

Sept. 4
11
18
25

113.0 104.5
105.2 95.0
117.5 104.5
120.2 106.4

75.1
74.3
80.0
80.4

105.4
104.8
104.3
104.2

120.1
107.5
123.8
123.4

125.7
167.7
140.5
156.2

162.1
153.2
147.6
122.4

101.9
113.8
195.4
249.2

122.2
119.9
132.0
139.2

59.9
59.8
63.2
59.5

93.7
94.4
96.5
96.5

68.8
68.0
62.9
55 9

90.8
90.7
91.3
91.5

95.0
95:6
95.4
95.1

113.5
113. 6
114.5
114.1

96.0 102.3 115.1 111.4 137 2
95 9 92.2 121 2 111 4 140 1
92.4 115.6 121 2 111 4 138 8
94 3 119.1 127 3 114 3 139 0

106.2
106 2
106.1
106 0

92.6
73.5
80.3
82 6

Oct.

123.2
126.9
127.1
130.4
138.4

103.2
106.4
105.5
103.2
105.5

75.1
84.9
82.0
81.6
80.0

105.3
105.8
107.2
109.7
111.9

123.7
123.6
126.2
126.1
126.9

150.7
122.6
161.6
138.6
146.4

116.0
109.6
91.8
109.3
118.0

321.5
360.4
359.2
353.5
328.1

129.1
144.9
140.8
141.8
149.4

58.6 97.9
63.5 96.5
66.3 97.9
74.0 100.0
78.9 100.7

52.6
48.2
50.0
46.3
46.7

91.4
91.4
92.1
92.1
92.2

95.4
94.9
95.3
95.5
96.5

115. 2
115.3
115.3
115.0
114.5

93.7
95 1
94 3
95.6
95.0

108.5
130.3
107.7
131.9
115.8

133.3
115 1
124 2
103.0
109.1

114 3
114 3
117 1
114 3
111.4

140 5
136 3
134 4
132 9
134.6

105.8 81.8
105 8 96.1
106.0 92.1
105.8 105.9
106.3 105.7

134.5 102.3
141.7 99.1
146. 5 99.1
137.6 88.2

78.4
82.4
83.7
80.8

113.2 118.6 127.7 104.1 320.0 123.7
112. 5 116.1 121.3 96.6 307.7 137.0
113.8 112.5 119.1 77.2 305.4 131.3
114.8 98.3 163.0 73.8 278.1 96.8

79.5
85.1
79.4
75.0

99.3
97.9
95.8
97.2

46.7
48.2
47.8
48.2

92.5
92.8
92.9
93.0

98.8
98.4
96.0
96.2

115.0
114. 5
114. 3
114.6

93.9
95.5
95 1
94.6

111.8
115.5
118.2
112.2

109.1
106.1
112 1
115.1

108 6
105.7
105 7
105.7

136 2
138.1
138 2
140 4

106.6 94.3
106.7 103.9
106.9 112.3
107.1 97.5

150.6
144.6
138.3
107.6

98.2
96.4
90.0
75.9

78.0
75.1
71.8
59.6

114.7 110.4 83.9
115.0 104.2 117.4
115.1 99.1 176.0
115.3 80.6 90.9

68.5
71.4
61.8
50.2

281.5 110.8
260.8 101.9
237.7 103.5
203.5 71.5

96.8
99.7
90.0
78.7

97.2
98.6
97.9

44.5
45.2
46.3
47.8

92.9
92.4
92.3
92.1

96.2
95.9
94.7
94.3

115.0 93.2 108.8
114.8 93.0 114. 5
115.1 89.9 118.7
115.5 88 9 126.7

118.2
118.2
118.2
136 4

105 7
105.7
105.7
105 7

140.9
142.4
144.4
145 2

107.1
107.2
107.3
107.4

113.8
114.5
103.9
120.6

109.9
136.0
139.3
138.3
138.9

53.2
75.9
85.9
86.8
82.7

70.2
69.4
73.9
75.9
77.6

114.6
114.7
114.8
114.7
113.8

77.2 138.5
98.1 107 4
99.1 97.3
98.3 89.6
99.2 118.4

53.0
59 0
60.0
58.4
65.1

191.5
133 5
150.8
159.6
140.8

64.2 71.6
87.3 100.9
93.0 110.6
94.9 98.9
87.7 97.7

97.9
95.1
97.2
98.6

47.8
48.2
49.6
50.0
50.4

92.0
92.0
91.3
90.5
90.3

94.0
93.9
93.4
94.0
93 3

116.6 90.5
116.7 91 6
114.4 97.3
114.2 99.2
113.6 102.7

106. 1
143.2
120.4
119.4
111.1

133.3
115 1
103.0
100.0
97.0

105. 7
102 9
102.9
102.9
102.9

144.4
142 2
142.9
143.0
141.0

107.3
107.5
107.8
108.0
108.0

109.1
121.4
142.8
150.4
146.7

139.4
138.4
135.4
131.0

88.2
90.9
94.1
92.3

76.3
76.7
78.0
77.1

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

77.6
62.5
72.5
55.5

122.3
120.4
105.8
119.2

84.2
78.8
83.5
82.3

90.0
86.0
77.5
87.7

97.2
96.5
96.5
96.5

51.5
51.8
52.2
52.6

90.1
89.5
89.2
88.7

92.7
92.9
91.4
91.0

113.8
113.2
113.0
113. 2

101.3
102.6
101.2
103.4

127.9 97.0
111.5 97.0
113.9 97.0
102.2 100.0

102.9
102.9
110.0
102.9

143.9
145 6
148.1
149.7

107.8
107.6
107.7
107. 6

140.0
145.9
118.9
109.1

136.1
.- 141.4
133.6
137.2

90.0
92.3
93.2
92.3

76.3
79.6
83.7
81.6

118.3
118.1
118.2
118.2

57.7 96.9
61.8 103.8
51.1 9 7 7
31.8 88.5

76.6
76.9
78.2
79.1

82.0
81.8
85.1
76.9

96.5
95.8
94.4
93.0

53.3
52.2
51.8
52.9

88.8
88.9
89.1
89.1

91.4
91.0
89.8
90.3

114.4
114.3
115.1
114.9

101.3
102.8
101.9
102.2

134.2 100.0 100.0 150.3 107.5
114.4 97.0 102.9 150.3 107.7
123.7 97.0 102.9 152.2 108.0
118.7 106.1 102.9 152.1 108.4

117.9
113.8
115.5
120.9

113.4
84.7
82,1
81.4
86.4

90.9
97.3
97.3
90.0
96.4

80.0
78.8
71.8
69.0
71.8

119.0 103.5 153.6
119.0 100.1 187.2
117.8 99.8 156.9
119.0 99.6 153. 1
120.0 107.1 182 5

48.7
43.9
37.5
42.9
41.3

83.8
65.8
69.6
76.5
70.4

83.5
80.7
79.4
86.1
80.1

81.7
75.3
61.9
79.5
77.0

93.0
94.4
93.0
95.1
95.8

52.9
53.3
53.3
55.5
56.3

89.1
88.9
88.9
88.5
88.5

90.3
90.7
90.2
89.8
89.8

114.9
115.2
114.8
114.5
114.8

101.7
102.8
101.7
102.6
102.6

110.0
129.8
117.9
118.2
114.4

154.3
157.6
159.7
161.3
159.2

108.6
108.8
108.7
108.7
108.6

121.4
107.9
114.5
106.9
117.4

84.0 102.3
86.2 101.4
84.9 99.1
87.0 103.2

63.3
60.4
62.9
51.0

120.3
119.4
119.0
119.9

115.5
149.2
141.1
193.4

45.3
45.2
66.7
62.0

79.2
66.5
55.0
36.9

88.6
89.9
87.0
91.5

80.7 99.3
82.7 100.7
76.1 100.7
90.1 105.6

58.8
58.1
59.6
61.8

88.6
89.0
88.9
88.6

90.2
89.8
90.1
90.0

115.9
115.6
115.7
115.5

100.6
103.2
102.3
101.7

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

108.8
109.1
109.0
108.9

105.9
108.6
109.1
110.3

75.7 96.4 60.4 120.4 95.0 83.8
87.5 101.4 57.6 119.9 107.3 145.8
85.0 97.3 55.9 120.5 106.0 145. 6
87.0 99.1 53.5 120.5 106.2 154.2

62.1
51.5
50.7
52.3

41.9
38.1
38.8
38.1

88.3
83.2
80.4
80.1

95.8
94.6
74.4
86.4

104.2
100.7
102.1
103.5

62.1
62.9
61.8
61.8

87.9
88.7
88.6
88.5

90.2
90.3
90.3
89.6

117.0 99.1
116.7 99.6
117.2 98.6
117.0 101.8

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

$

I

1

X
w

"O

fl

OQ

Business failures

Debits to individual
accounts

115.1 94.3 129 9
109 1 97 1 131 3
103 0 100 0 132 8
97 0 100 0 131 6
106 1 102 9 133 4

Time-money rates

Federal reserve ratio

115.1
118.2
117.4
117.8
105.4

Call-money rates

Bank loans and
discounts

97.2
94 6
96 6
98 1
95 0

Wholesale price
index

113.1
112.5
112 1
111.9
111.8

Price of iron and
steel (composite)

96.7
97.1
96 7
95.9
95.3

Price of cotton
middling

91.2
91.2
91.0
91.0
90.8

Price of No. 2 wheat

67.3
70.2
68 4
69.5
70.6

Receipts of hogs

110.7
173.6
179.4
242.5
323.5

Receipts of cattle

Receipts of wheat

108.9
137.1
141.2
116.3
163.6

Receipts of cotton

Building contracts

111.9
94.0
113.0
113.2
115.0

Petroleum
production

66.5 97.8
71.8 97.6
74.3 98.6
69.4 99.4
71.8 101.6

WEEK ENDING
SATURDAY 2—

Beehive coke
production

97.4 100.5
85.2 80.9
103.8 102.3
104.1 99.1
108.2 104.5

Bituminous coal
production

Carloadings

Lumber production

[All data are given as relative to the weekly average for 1933 to 1925 as 100]

1936

July

3
10
17
24
31.

.

2
9
16
23
30

Nov. 6
13
20
27

_

.

.

Dec. 4
11
18
25

18.6 94.9
13 1 88.6
20 0 102.5
20.0 93.4
25.4 92.7

71.0 95.1
69.6
66.1 104.2
69.8 101.4
67.2 102.8

102 9
105*7
108 6
108 6

135
137
138
137

1937
Jan.

Feb.

1
8
15
22
29
5
12
19
26.

._

. .

Mar. 5
12..
19
26
Apr. 2
9
16
23
30
May

7.
14
21
28

June 4
11
18
25
July 2 .
9
16
23
30

_ ...
_ _

_
__

81.9 90.9
67.5 73.6
84.6 105.5
84.7 106.4
88.2 104.5

Aug. 6
13
20__
27

87.2
93.3
93.8
100.0

Sept

100.1 106.4
92.1 96.4
99.0 105.5

3
10
17.
24

105.5
102.3
106.4
105.5

103.8 72.9
104.9 123.3
105.0 161. 6
105.2 147.5

106.8
107.3
106.1
107.1

109.1
109.1
109.1
97.0
103.0

102.9
97.1
100.0
102.9
100.0

42.0
46.5
43.3
43.7
43.3

121.7
121.7
122.1
123.6
124. 1

106.5
87.5
106.1
105.6
109.1

178.6
127.0
148.8
146.5
170.3

96.3
107.5
130.3
150.4
327.4

36.2
38.8
28.1
33.5
35.4

73.1
56.6
90.8
84.5
82.3

89.7 100.7
70.3
79.0 102.8
65.8 100.7
70.9 97.9

62.9
63.2
66.2
68.4
68.8

88.2
88.1
87.9
87.9
87.8

89.3
90 0
90.4
88.7
89.8

117.8
117.5
116. 0
116.0
115.9

100.1
99.1
100.6
101.7
102.8

114.6 112.1 105.7 165.5 108.1 104.2
131.5 100.0 105.7 169 9 108.3 76.9
120.2 97.0 105.7 173.0 108.4 109.8
119.2 90.9 102.9 174.5 108.4 101.7
105.5 90.9 100.0 177.0 108.5 107. 1

43.3
44.1
44.1
45.3

123.7
123.7
120.9
120.4

106.8
109.4
111.3
115,7

102.2
159.4
141.3
119.2

306.8
241.7
206.6
169.7

36.2 83.5
47.7 91.5
61.2 97.5
75.0 105.1

70.0 96.5
66.6 99.3
67.8 100.0
62.2 98.6

70.2
71.3
75.4
80.9

87.6
87.5
87.5
87.5

89.8
89.2
90.0
91.4

116.7
117.0
117.0
116.5

100.4
101.2
101.3
101.3

118.4
108.4
115.8
103.2

60.6
51.5
52.2

83.5
86.8
78.3
76.8

87.6
87.6
87.6
87.2

91.5
92.9
93.1
93.1

117.6 101.0 102.8
117.4 98.6 103.0
118.8 99.0 122.1
119.2 99.5 130.6

42.9 120.6 116.5 92.4 196.2 119.6 104.4
45.7 120.3 103.2 156.6 202.3 135.4 90.5
41.2 119.8
129.0 250.6 174.6 101.9
213.8
136.3

95.1
92.3
90.8

87.9 100.0 179. 5 108.9
90.9 97.1 175.1 109.2
84.8 102.9 177.5 109.3
84.8 91.4 180.3 109.4

95.3
96.6
97.3
90.7

109.4
109.4
109.4
109.5

84.5
83.5
99.8
82.8

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

1 Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau oj Mines; Lumber production, based on four
associations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American
Railway Association; Building contracts from F. W. Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculturet
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 and Time-money rates, and Bond prices from Wall Street Journal; Stock prices from Annalist: Business failures from JR. O. Dun de
Company.
2
The actual week for all items does not always end on same day.




6

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

•.

100
••M

8Q

..

..

•*« ••• X

*•

.
••m «••

r^

sr"

100

12

u

-i.

X

mmoLamt

•MB

/"
-

»*

HOGS,

v

.. ,..,

.
•»
*•«

>L»

***

*s »«« •(•a

"4..
*

,»

''

/r

7

^

**

V•X

• •.

"

,•

-.,
Sk

Bfii
..

•.

.'*

•*

HAMS, SMOKED (.CHICAGO)

HEAVY
••

••

•^ •MB

... •'

*\

^ 3**,

*^,

..

•KM OB*

-

.7 7 .4

R UB BE R, CR UD E.

.COTTONSEED OIL

SUGAR, GRANULATED

SUGAR, RAW

160

•• '•• ..,

T

80

^

ml
"+* 4 • »
^
i

!2 L4 1295(3 13.

••

*

&

BEEF, CARCASS

^CATTLE, STEERS
120

L6 134.4|4

3

•• • .

c)AT s

CORN, NO. -2

FLOUR, WINTER

WHEAT WINTER

120

\
140

•^ •»•

•MB

•KM

100

••»

..).• •••

•••)

**

***» *^* anna

.• '»

•'

•BBI

*^*
*

•^

..

••

• •'

\

•^

/

120

%t

*.
'

\

^
mmm X SEH ••• X -^

80

• •• ••<
•• ••. 9
*

...

«***,

60

<0

\

110

*,
••

£ 100
§ 90

>

/

•**

80

•t

»•

1

/•

''

s/^

•.

/

V,

•
(•

/

•.

•.
**i

»•* •••

•*.

x" >^

%

•

••• ••• ^,
1^

*•.

^

*»»»

•^

•=* •^

*•

••'

•*

••.

••M

.., .

•

100

•t

0

TH

,

BITUMINOUS

• t4

i?a a m4

y

••,

*•»*

**% ^^

STEEL BEAMS
IIQ

.. ...

Sfc V^j

»«

'"

"«*^ •^ ••• •••HM

i I N I\ \ \ \ i i I i

^

-

•*

^%

***

48!

«** .6 8' .9 & .4

-^

•(

1

i« «i

S

s

..
••,, .., ...

V

\

i 7:8 7! £

i I i i 1 i 1 1 i 1 §' i n i 1 1 H 1 §' 1 s i Ii1 I I i 1
I°?R, .........

!Q?7-««««

'••

B RICK, COMMON, NEW YORK

CEMENT, LEHIGH

s,

^

'.

-

f*

**%

80

•

mm

ME, SOUTHERN

PI

••, •• ... .- ••
..(

**

«"•>
ZINC

***•

** TW ^Simm •N f

mm

5-J••* •^ +*

-UlV1B ER,
•
•• ..

..,

.••

"1X,

TIN;
••

%

90

s\

*?

COPPER INGOTS

^ ,. •••

COKE

'" ^

•.

^^

t

••

••• • •




••

••

s

PIG IRON, FOUNDRY

^

t »*

s,,
*

**

•.

>

60

2

••

LEATHER, SOLE, OAK
•'

80

90

••

*

COAL,

PETROLEUM

BOOTS AND SHOES, (ST. LOUIS)

X

/

120

100

SV

*

HIDES, PACKERS
' ea 3 I5(3^162^

SILK, RAW
...

80

100

•M

• «•

WORSTED YARNS

no

(BOSTON

*** -*

••• < • .

100

/

*& •

T

•BBS

• ..

§ 70
C ,20

..

s^

•^

X (^

Ul

••

•

'•.,

••^ •4

..

n

S, »**

WOOL, U GREASE

COTTON PRINT CLOTH

COTTON YARN

COTTON, RAW

120 • •

•^ X X

^

1§ § i

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

(dollars)

1926 average —
100

1913 average =100

Unit

COMMODITIES

July,
1927

August,
1927

August,
1926

1.274
.924
1.831
. 155
26.59
.0713
.0858
.1144

1.235
.977
1.463
.171
25.95
.0721
.0924
.1115

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

161
150
307
129
122
121
114
188

156
158
245
143
119
122
123
183

158
129
235
134
136
107
155
182

94
132
99
103
98
110
73
99

91
140
79
113
95
112
78
96

Bushel
Bushel
Bushel
Bushel
Bushel
Bushel
- Cwt
Pound
__ Pound
Cwt
Cwt
Cwt
Cwt

1.480
1.428
1.021
.477
.786
1.096
17.00
.180
.44
12. 300
8.975
5.313
14. 219

1.405
1.395
1.085
.478
.803
.968
17.00
.203
.44
12. 575
9.185
5.575
13, 575

1.423
1.366
.806
.404
.647
1.013
21.00
.187
.44
8.975
11. 845
5.865
13. 950

162
145
163
127
126
172
129
141
176
145
107
113
182

154
144
174
127
128
152
129
159
176
148
110
119
174

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

95
92
134
111
113
115
76
102
96
129
73
81
104

90
90
143
111
114
101
76
115
96
132
74
85
99

Barrel
Barrel
Pound
Pound
Pound
Pound
Pound
Pound

7.813
6.920
.045
.059
.095
.182
.193
.243

7.600
6.769
.045
.056
.100
.185
.203
.235

7.950
6.738
.042
.055
.130
.160
.170
.329

170
180
129
138
131
141
147
146

166
176
129
130
137
143
155
141

173
175
121
130
179
124
130
198

93
96
105
107
86
111
123
79

90
94
105
102
91
113
129
77

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

.354
.075
.087
1.350
.975
3.285
4.949
.219
.226
.510
.510
6.400
5.000

.387
.084
.098
1.350
.975
3.285
4.851
.215
.212
.510
.530
6.400
5.000

.363
.076
.092
1.400
1.050
3.285
5.978
.149
.178
.450
.410
6.400
4.850

143
141
142
174
208
213
136
119
120
190
114
206
158

156
158
160
174
208
213
133
117
112
189
118
206
158

147
144
150
180
224
213
164
81
94
167
91
206
153

99
99
94
94
95
97
83
155
130
113
116
100
102

108
111
105
94
95
97
82
152
122
113
120
100
102

3.640
10. 836
3,075
1.155

3.390
11. 470
3.140
2.050

166
203
125
124

166
204
126
124

154
216
129
219

101
94
74
61

101
94
74
61

19. 360
17. 300
33. 000
.1297
.0668
.6352
.0634

19. 260
17. 500
35. 000
.1417
.0891
.6388
.0738

123
119
128
82
145
144
113

121
118
128
85
153
146
115

120
119
136
93
204
147
134

96
94
94
91
75
98
85

94
93
94
94
79
100
86

37. 680
11. 750

42.89
17. 000

166
179

164
179

186
259

85
73

84
73

1.600
1.800
.243
.75

1.650
1.950
.337
.75

158
118
32
75

158
119
30
75

163
129
42
75

97
91
67
103

97
92
64
103

July,
1927

August,
1927

August,
1926

July, August,
1927
1927

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

_
_. ._ _.

__ __ _. _

_ _ _ „ . - _ _ _ . _ _

Bushel
._ _. Bushel
Bushel
Pound
Ton
_
Pound
Pound
_ _.
Pound

FARM PRODUCTS—MARKET PRICE
Wheat, No. 1, northern spring (Chicago)... _
._
Wheat, No. 2, red, winter (Chicago)
Corn, contract grade No. 2, cash (Chicago).
. .
Oats, contract grades, cash (Chicago)
Barley, fair to good, malting (Chicago) .
.
Rye, No. 2, cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville)
.
Cotton, middling upland (New York)
Wool, M blood, combing, 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 Y~ork)
Beef, fresh carcass good native steers (Chicago) ._
Beef, fresh steer rounds, No. 2 (Chicago)
Pork, smoked hams (Chicago)
. _

.

CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston) _ _ _
Cotton-print cloth, 64 x 60-38M"-5.35—yards to pound
C otton sheeting, brown 4/4 Tri on (New York)
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Woman's dress goods, French, 39 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Silk, raw, Japanese, Best 1/x (New York)
.
_ .
Hides, green salted, packers' heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
...
Leather, chrome calf, dull or bright "B" grades (Boston)
Leather, sole, oak, scoured backs, heavy (Boston)
Boots, and shoes, men's black calf, blucher (Massachusetts) ..
Boots and shoes, men's dress welt tan calf (St. Louis)

«

FUEL
Coal, bituminous, mine-run Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
.
_
Coke, Connellsville
(range of prompt and future) furnace— at ovens
Patrol 611TO,cnidfi, "ETansas-Oklahoma— at wells

Short ton._
Long ton.. _ 3.640
Short ton_ _ 10. 802
3.044
Barrel

1.155

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

Long ton...
19. 760
Long ton
17. 500
Long ton
33. 000
Pound
.1253
Pound
.0634
Pound
.6263
Pound
.0623

Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hat38. 310
tiesburg district)
M feet
Brick, common red, domestic building (New York)
Thousand.. 11. 750
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago
1.600
district)
Barrel
Steel beams, mill (Pittsburgh)
1.775
Cwt
Rubber, Para Island, fine (New York)
.
Pound
.255
Sulphuric acid 66° (New York) .. . .
Cwt
.75




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

/<

TOTAL AUTOMOBILE PRODUCTION
(UNITED STATES)

10




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

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

9
BUSINESS SUMMARY
[Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders, which are based on the 1920 average, enable comparisons to be made of the
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, while further details are
given in the table entitled "Indexes of Business" on page 18]
1126

YEARLY AVERAGE

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

PER CENT INCREASE (+)
OR DECREASE (~)

1937

July

August

August,
1927, from
July, 1927

August,
1927, from
August, 1926

June

July

August

June

129
121
142
114
117
119
190
138

131
99
144
121
63
128
183
145

127
116
150
115
103
119
184
129

135
122
156
111
114
117
190
142

135
103
145
124
69
124
200
147

128
104
135
113
84
114
199
127

128
131
149
113
137
126
205
137

0.0
+ 26.0
+ 10.4
0.0
+ 63. 1
+ 10.5
+ 3.0
+ 7.9

-5.2
+7.4
-4.5
+ 1.8
+ 20.2
+ 7.7
+7.9
-3.5

146

174

164

169

184

178

190

204

+7.4

+ 10.9

52

56

50

48

48

49

43

40

40

0.0

-18.4

99
165
83
124

105
185
82
125

118
209
84
131

123
229
84
136

113
204
84
130

98
206
82
99

98
204
88
105

114
224
81
130

100
221
77
97

112
237
88
113

+ 12.0
+ 7.2
+ 14.3
+ 16.5

+ 14.3
+ 16.2
0.0
+ 7.6

65
75
78
94

64
73
78
95

70
77
84
98

65
73
86
98

67
74
86
97

65
73
84
97

64
72
84
96

62
70
85
96

62
70
83
94

63
71
82
94

+ 1.6
+ 1.4
-1.2
0.0

-1.6
-1.4
-2.4
-2. 1

103
93

110
84

127
84

135
85

131
84

137
83

136
84

147
82

145
81

156
81

+ 7.6
0.0

+ 14.7
-3.6

115
119
25

108
116
139

115
122
146

123
127
124

119
118
154

126
150
120

132
126
98

116
114
166

116
142
165

122
130

-14. 1
— 21. 2

-3.2
+ 32.7

1923

1924

1925

1926

119
114
136
117
102
121
143
111

113
119
126
117
118
119
152
115

126
117
133
113
111
126
169
146

119

137

74

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

COURSE OF BUSINESS IN AUGUST
GENERAL CONDITIONS
Measured by the volume of check payments, business in August was better than in either the preceding
month or the corresponding month of 1926, after
adjustments for normal seasonal conditions. Retail
trade, as seen from the figures covering mail-order
sales and 10-cent-store business, was on a higher
level than in either the previous month or the same
month of last year. Distribution of goods, as indicated by figures on carloadings, however, showed a
decline from both comparative periods, the decrease
from the preceding year being due solely to smaller
loadings of agricultural and mineral products.
Prices paid to producers of farm products averaged
higher than in the preceding month but were lower than
a year ago. Wholesale prices were also generally higher
than in the preceding month and lower than last year.
Retail prices for food averaged lower than in either the
preceding month or the corresponding month of 1926.
Production of pig iron showed no change from the
preceding month but was lower than in August of last
year. The output of steel ingots, however, was greater
than in the preceding month but showed a decline
from the same period a year earlier, while unfilled
steel orders, although expanding over the previous

64364—27
2


month, were also lower than last year. The production or coal, both bituminous and anthracite, was
greater than in July, but smaller than in August of the
preceding year. Cotton consumption was larger than
in either the previous month or the same month of
1926. The production of automobiles was greater
than in July but lower than in August, 1926. The
floor space of new building contracts awarded was
larger than in July but smaller than a year ago.
Shipments of cement by manufacturers were larger
than in either the previous month or August, 1926.
Interest rates on commercial paper averaged lower
in August than in either the previous month or the
same month of 1926. Prices for stocks and bonds
listed on the New York Stock Exchange averaged
higher than in either prior period. The Federal
reserve ratio, although lower than in the previous
month, was higher than in August of last year.
Imports of merchandise were greater than in either
prior period, while exports, although greater than in
July, showed a lower dollar volume than in August,
1926. Business failures were less numerous than in
July, but larger than a year ago, with defaulted
liabilities of failing firms showing similar comparisons.

10
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

The output of raw materials in August was greater
than in either the preceding month or August of last
year. All groups of raw materials showed increases
over both prior periods, except animal products, unchanged from July, and minerals, lower than last year.
Substantial increases over July were registered by all
minerals except petroleum and lead, while, as compared
with last year, all declined except petroleum and lead.
Marketings of animal products were smaller than in
the previous month only in wool, hogs, eggs, and milk.
As compared with las^ year, increased marketings were
registered in all items except sheep, eggs, and poultry.

in raw foodstuffs and manufactured commodities, other
than foodstuffs. As compared with last year, all groups
were held in larger quantities except raw foodstuffs.
SALES

The index of unfilled orders, principally iron and
steel and building materials, showed no change from
the preceding month but was substantially lower than
a year ago. As compared with last year, forward
orders for both iron and steel and building materials
were smaller, while as compared with the preceding
month, unfilled orders for building materials alone
were smaller, iron and steel orders showing no change.

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 are principally those
of iron, steel, and building materials. August, 1927, is latest month plotted]

In the case of crops, marketings were greater in all
groups as compared with both prior periods, except
fruits, which were smaller than in July, and cotton
products, which were smaller than a year ago.
Manufacturing production, after adjustments for
working time differences, showed no change from the
preceding month, but was lower than a year ago.
As compared with last year, manufacturing output
was greater in all groups except iron and steel, paper
and printing, nonferrous metals, and miscellaneous.
COMMODITY STOCKS

Stocks of commodities held at the end of August,
after adjustments for normal seasonal variations, were
larger than at the end of either the previous month or
August, 1926, all groups showing increased holdings
over both prior periods. The unadjusted index was
lower than at the end of the preceding month, but
higher than a year ago, in spite of declines from July



Wholesale trade, measured in value, showed no
change from the same month of last year. Sales of
hardware showed no change from a year ago, but
shoes, groceries, drugs and dry goods increased, and
sales of meats were smaller.
Department store trade showed larger dollar business
than in either the preceding month or the same month
of last year. Merchandise stocks held by department
stores, although greater than in the previous month,
showed no change from last year. Mail-order business
was likewise greater than in either the previous month
or August, 1926, with ten-cent chain stores making
similar comparisons. Sales by grocery chains were
larger than in either the previous month or August of
last year, but the business of music chains, although
greater than in the preceding month, was substantially lower than a year ago. Drug, candy, and shoe
chains each showed larger business than a year ago,
but smaller volume than in July. Sales by cigar chains
were smaller than in either period.

11
PRICES

The general index of wholesale prices again advanced
over the preceding month but was still more than 1 per
cent lower than the level of last year. As compared
with the preceding month, all groups showed higher
average prices, except fuels and building materials,
which declined, and foods and chemicals, which
showed no change. As compared with last year, all
groups with one exception were lower, the declines
more than offsetting a 6 per cent advance in farm
products.
Reclassified, the general index of wholesale prices
showed no change from the previous month in the

insufficient to offset declines in prices for meat
animals, dairy and poultry products, and sundry
unclassified items.
EMPLOYMENT

Factory employment in August showed no change
from the preceding month in the number of employees,
but as compared with last year, employment was substantially smaller. As compared with the preceding
month, declines in food, iron and steel, tobacco and
miscellaneous factories counterbalanced increases in
textiles, lumber, leather, chemicals, stone, clay, and
glass, and vehicle factories. Paper and printing and
nonferrous metal factories showed no change from the

WHOLESALE PRICE COMPARISONS, BY GROUPS
[August, 1927, is latest month plotted]

~n
240

100

case of producers' goods, but a decline of 6 per cent
from a year ago in this group was registered. In the
case of consumers' goods an increase of almost 1 per
cent was shown over the previous month, with a decline
of 3 per cent from last year, while as regards raw
materials the August index was almost 3 per cent
higher than in July and more than 1 per cent higher
than in August, 1926. Commercial price indexes as
of September 1 showed increases over both the previous
month and August of last year.
The index of prices received by farmers for their
produce increased almost 2 per cent over the previous
month but was still about 1 per cent lower than a year
ago. As compared with July, increases were registered
in prices for meat animals, dairy and poultry products,
and cotton and cottonseed, while declines were shown
in grains, fruits, and vegetables. As compared with
last year, increases were shown in grains, fruits,
vegetables, and cotton and cottonseed, but these were



preceding month. As compared with last year, employment in all groups was lower, except textiles,
which showed an increase of 4 per cent in the number
of employees. Declines of 5 per cent or more occurred
in lumber, iron and steel, chemicals, stone, clay, and
glass, nonferrous metals, and vehicle factories.
Factory pay-roll payments were higher in August
than in July, but lower than a year ago. All groups
showed larger pay-roll payments than in July except
food products and tobacco products and miscellaneous
industries, which inclined. The greatest increases
occurred in lumber and leather factories. As compared with last year, pay-roll payments were lower in
all factories except textiles and paper and printing,
which advanced, and food products, which showed no
change. The greatest declines from a year ago
occurred in pay-roll payments of vehicle, nonferrous
metals, stone, clay, and glass, lumber, and iron and
steel factories.

12
REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

August wool receipts at Boston were much smaller
than during the previous month but larger than a
year ago, despite an increase from both prior periods
in receipts of foreign wool. Imports of wool exceeded
those of July or a year ago. Wool machinery was
generally more active than in either the previous month
or in August, 1926, and as a result the consumption
of wool in textile mills was substantially larger than

prior period and stocks, while greater than at the end
of July, were less than a year ago.
Although fewer cotton spindles were active during
August than during the previous month, their rate
of activity was 12 per cent greater than in July and
was also larger than a year ago. The quantity of
cotton cloth printed during August, as reported to the
Cotton Textile Institute by concerns whose machines
aggregate 68 per cent of the industry, amounted to

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

GENERAL

1922

..!.,!..in u l n l i ,

1923

1924

1925

1926

1927

CONSUMPTION (DELIVERIES;

STOCKS (MANUFACTURERS)

RAW SILK

1922

1923

1924

1925

1926

during either prior period. Prices of raw wool and
wool products showed little change.
The consumption of cotton by textile mills was
larger than for either the previous month or August,
1926. Exports of unmanufactured cotton, on the
other hand, declined from both prior periods. Stocks
of cotton at mills and in public storage exceeded those
at the end of the previous month and were also larger
than on August 31, 1926. Cotton prices advanced
sharply both from the previous month and from a
year ago.
Cotton textiles were produced in larger quantities
during August than during the previous month or
the corresponding month of last year, only two kinds
of clothing showing declines from July and only one
from a year ago. Unfilled orders for the principal
textiles also exceeded those at the end of either




1920

1921

1922

1923

,lnl..l

1924

!925

1926

1927

51,688,000 yards. The total cotton cloth printed
will be published regularly in future issues of the
" Survey of Current Business."
Imports of silk greatly exceeded those of either the
previous month or the corresponding month of last
year. Silk consumption by textile mills was also
larger than for either prior period and stocks at mills
and at warehouses showed a similar trend, which
resulted in a slight decline in price. Rayon was
imported in larger quantities than for either the
previous month or the corresponding month of last
year.
Exports of cotton cloth, although slightly less
than in July, exceeded those of a year ago. Imports
of burlap and of the unmanufactured fibers were
much larger than for either the previous month or
for August, 1926.

13
METALS

The consumption of iron ore and the production of
pig iron showed little change from the previous month
and were slightly smaller than in August, 1926.
Receipts of iron ore exceeded those of the previous
month but were less than a year ago. Stocks continued to increase seasonally and were also larger
than at the end of last August.
The production of steel ingots was larger than in
July but less than a year ago. Unfilled orders of the

The August output of copper at the mines greatly
exceeded that for the previous month but was less
than a year ago, the refined copper output showing
a similar tendency. Stocks of refined copper were
less than in July but greater than a year ago, while the
reverse was true of blister copper stocks. Copper
prices averaged slightly higher than during the previous month but were less than a year ago.
Imports and deliveries of tin were considerably higher
than for either the previous month or the correspond-

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

I..

I WHOLESALE PRICE
\!> /INDEX

NON-FERROUS PRODUCTION

METALS

'

INDEX^

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

United States Steel Corporation also increased from
the previous month but fell short of last year's total.
The August output of steel sheets also exceeded that
for the previous month and was less than a year ago,
but stocks of sheets were greater than for either prior
period.
The production of steel castings exceeded and new
orders were less than for either the previous month or
the corresponding month of last year. Shipments of
fabricated structural steel were also larger than for
either the previous month or August, 1926, while
new orders declined from both prior periods. New
orders of fabricated steel plate exceeded those of the
previous month but were less than a year ago.




ing month of last year. Stocks of tin in the United
States also exceeded those of either prior period and
the world visible supply, although larger than a year
ago, was less than at the end of July. Tin prices
exceeded those of the previous month but were
slightly lower than during August of last year.
The August output and shipments of zinc were
larger than in July but less than a year ago. Stocks
of zinc, on the other hand, were less than at the end of
the previous month but larger than in August, 1926.
The output of lead was less than for either prior
period. Prices of both lead and zinc were slightly
higher than for the previous month but less than for
a year ago.

14
FUELS

The production of coal, both bituminous and anthracite, exceeded that of the previous month but was
less than a year ago. Coal prices were slightly higher
than during July, bituminous prices also being above
last year's level. The production of coke, both beehive and by-product, was slightly higher than for
the previous month but less than a year ago, coke
prices showing a similar tendency.

skins having larger imports than a year ago. Hide
prices averaged slightly less than during the previous
month but were considerably higher than in August,
1926. Exports of sole and upper leather were less
than during the previous month, exports of sole
leather also being less than a year ago. The August
output of boots and shoes considerably exceeded that
of the previous month and was slightly larger than in
August 1926. Prices for leather showed little change

THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. August, 1927, is latest month plotted where data were available]

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926-

1927

CRUDE PETROLEUM

1920

1921

1922

MlnlnliiLlnliiliiLlMii.lMLl.ilnl.ilnliii

1923

1924

AUTOMOBILES AND RUBBER

The July production (factory sales) of automobiles,
both passenger cars and trucks, exceeded that of the
previous month but was less than a year ago. The
Canadian output showed a similar tendency. For
the first eight months of the current year passenger-car
production was 17^ per cent and truck production
2 per cent less than for the corresponding period a
year ago.
Imports of crude rubber were less than during the
previous month but greater than a year ago. The
wholesale price during August averaged less than for
either prior period.
HIDES AND LEATHER

The imports of hides greatly exceeded those for
either the previous month or the corresponding month
of last year, each kind of hides being imported in
 greater quantities than during July and all but sheep

1920

from the previous month but were considerably higher
than a year ago.
PAPER AND PRINTING

Imports of woodpulp, both chemical and mechanical,
were larger than during July but less than a year ago.
The July output and shipments of newspring paper
also exceeded those of the previous month and were
less than in August, 1926. Imports of newsprint
paper, on the other hand, exceeded those of either
prior period. The August output and shipments of
sales books were greater than in July and shipments
also exceeded those for the corresponding month of
last year. The production of book paper showed
little change from the previous month, that of coated
book paper being smaller and that of uncoated larger
than in July. Both types of book paper were produced in smaller quantities than a year ago. New
orders and unfilled orders for book paper were less
than for either prior period.

15
BUILDING

Such changes as occurred during the previous month
in building costs were downward. The volume of
new building contracts, both in square footage and
value, exceeded that of the previous month, but was
less than in August, 1926. All tylpes of buildings,
except commercial buildings, increased from July in
the square footage of contracts awarded, while only
commercial buildings and public works and utilities
showed declines in value. Increases from a year ago
in square footage were recorded for educational and

stocks of flooring exceeded those of the previous
month, the output of maple flooring also being greater
than in August, 1926. New orders and shipments of
both oak and maple flooring, however, declined from
a year ago.
STONE AND CLAY PRODUCTS

The production, shipments, and stocks of face brick
exceeded those of the previous month, shipments and
stocks also being greater than in August, 1926.
Architectural terra cotta ordered during August

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

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

other public and semipublic buildings, although only
public and semipublic buildings exhibited an increase
in value over August, 1926.
LUMBER AND LUMBER PRODUCTS

Lumber production was almost uniformly greater
than for either the previous month or the corresponding month of last year, western pine being the only
kind of lumber to show a smaller output than in
August, 1926. Shipments were also uniformly greater
than during the previous month and except for Douglas
fir and western and northern pine, were greater than
a year ago. New orders for most types of lumber also
showed increases from prior periods, exceptions being
California redwood, which was less than a year ago,
and northern pine and walnut, which were less than
for either period. Lumber stocks exhibited no uniform
trend. The output, shipments, new orders, and



exceeded, both in tonnage and value, that of either
prior period. The production and shipments of Portland cement were greater than during July or a year
ago, although stocks declined from the previous
month. New contracts for concrete pavements also
exceeded those let during either comparative period.
CHEMICALS

Eeceipts of turpentine and rosin at the principal
southern markets were less than for the previous
month but greater than in August, 1926. Stocks of
each were larger than at the end of July and prices
also strengthened from the previous month, but were
considerably less than a year ago. The consumption
of fertilizer was much larger than for either prior
period, although exports declined. Imports of nitrate
of soda and of potash were greater than in July or a
year ago.

16
FOODSTUFFS AND TOBACCO

The visible supply of wheat in the United States was
larger than for either the previous month or the corresponding month of last year and that in Canada was
also larger than a year ago. Wheat receipts and exports also exceeded those of July, receipts being larger
and exports smaller than in August, 1926. Receipts
and grindings of corn were larger than during the
previous month, grindings also being larger than a year
ago. Shipments and exports of corn declined from
July but shipments exceeded those of August, 1926.

storage holdings of butter were greater than for either
prior period, while those of cheese fell short of last
year's total. Receipts and cold-storage holdings of
eggs were less than in July, receipts being less than
a year ago. Receipts of poultry exceeded those of the
previous month and were almost as great as during
August, 1926, cold-storage holdings being less than in
July but greater than a year ago.
August imports of sugar were greater than for either
the previous month or for August, 1926, a decline
from July in imports from Hawaii and Porto Rico

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

1920

1920

1921

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1928

1927

1922

1923

1924

1925

1926

1927

1920

1921

1922

1923

1924

1925

1926

1927

Receipts, shipments, and local slaughter of cattle
and calves were larger than for either the previous
month or the corresponding month of last year.
Receipts and local slaughter of hogs, while greater
than a year ago, were slightly less than in July.
Receipts, shipments, and local slaughter of sheep
and lambs were much larger than during the previous
month, the number slaughtered also exceeding that
of a year ago. Livestock prices showed no uniform
tendency, prices of cattle being generally higher than
for either prior period, while prices of hogs and sheep
showed little change from the previous month but
were considerably less than a year ago. Coldstorage holdings of cattle and sheep were smaller
and those of hogs were greater than at the end of
August, 1926.
Receipts of butter and cheese at primary markets
were less than in July but greater than a year ago. Cold-




being more than offset by increased imports from
Cuba and other foreign points. Sugar prices averaged slightly less than during July but were greater
than a year ago. Receipts of sugar at Cuban ports
were considerably larger than during either the previous month or the corresponding month of last year,,
while stocks were less than for either previous period.
The visible supply of coffee, both for the United
States and the world, was greater than at the end of
July, but slightly less than for a year ago. Clearances
of coffee from Brazil also exceeded those of either
prior period, despite a decline from both periods in
clearances for the United States.
Consumption of tobacco was considerably greater
than during the previous month, that of cigars
and cigarettes also being greater than a year
ago. Exports of cigarettes declined from both prior
periods.

17
TRANSPORTATION

July car loadings were slightly less than for the
corresponding weeks of last year, the only classes of
goods loaded in greater quantities than a year ago
being merchandise and miscellaneous. Traffic on
inland waterways was generally larger than for either
prior period, the only exceptions being traffic on the
Cape Cod Canal, which declined from both periods,
that on the Sault Ste. Marie canals, and that on the
Ohio River from Pittsburgh to Wheeling, which were
less than a year ago. August ocean traffic, as evi-

than during the previous month. Loans and discounts
of the Federal Reserve member banks exceeded the
total for the prior periods, with deposits showing a
similar tendency. Brokers' loans at the end of the
month were larger than at the end either of July or of
the corresponding month of last year. Interest rates,
both on call and on time loans, were lower than during
the previous month or August, 1926. Fewer business
firms failed during August than during the previous
month, the liabilities of such concerns also being less
than in July. Compared with a year ago, however,

DISTRIBUTION
[Relative numbers, monthly average 1923-1925, taken as 100. August, 1927, is latest month plotted. All items adjusted for seasonal variations except wholesale trade]

1925

1926

1927

1925

1926

1927

1920

192!

1922

1921

1922

1923

1924

1925

1926

1927

1926

1927

100

tf

.liilnlillnliilii

1920

1921

40Lulij L iJ i L

1023'

1924;

1920"'

....

1923

denced by the clearances of vessels in foreign trade,
exceeded that of the previous month but was less
than a year ago.

there was an increase both in the number and in the
liabilities of failing concerns.

DISTRIBUTION MOVEMENT

Domestic receipts of gold at the mint were less than
for either the previous month or the corresponding
month of last year. Imports and exports of gold also
declined from both prior periods. The domestic production of silver, while greater than in July, was less
than a year ago, imports of silver showing a similar
tendency. Exports and stocks of silver, on the other
hand, were less than for either prior period.
Exchanges on the principal countries showed little
change from the previous month, there being slight
advances in rates on Japan and Argentina and declines
in Italian exchange. Compared with a year ago,
rates of exchange on France, Italy, and Argentina
increased, while Brazilian exchange exhibited a
marked decline.

Sales by mail-order houses and 10-cent chain stores
were uniformly larger than during July or a year ago.
Magazine advertising also increased from the previous
month but was slightly less than in August, 1926,
while newspaper advertising declined from both prior
periods. Postal receipts in the 100 important cities
were greater than for either the previous month or
the corresponding month of last year.
BANKING AND FINANCE

Check payments, both inside and outside New
York City, were greater than a year ago, those in
New York City being greater and those outside less
 64364—27
3


GOLD AND SILVER AND FOREIGN EXCHANGE

18
INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given. The
function of index and relative numbers is explained on the inside front cover. A condensed form of this table
is given on page 9.
1926

PER CENT INCREASE (+) OR
DECREASE ( — )

1927

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

June

Grand total

180

73

99

116

122

103

104

131

+ 26.0

+ 7.4

MINERALS
Total
Petroleum
Bituminous coal
Anthracite coal
Iron ore*
_ _
_
__
TCopper
ft**"Lead
Zinc
Gold _ __
_
Silver _ _ _ _ _ _ _ . _..

165
256
155
122
273
152
193
149
131
145

62
105
41
0
0
17
78
38
57
80

144
196
108
122
223
141
168
127
69
110

150
206
112
115
254
143
169
126
84
•99

156
211
119
112
273
143
174
137
99
112

145
236
94
99
215
138
184
126
67
104

141
228
87
69
219
130
179
126
93
102

157
226
107
106
223
133
177
133
93
107

+ 11.3
-0.9
+ 23.0
+ 53.6
+ 1.8
+ 2. 3
+ 5^6
0.0
+ 4. 9

+ 0.6
+ 7.1
-10. 1
5. 4
-18.3
-7.0
+ 1.7
-2.9
-6. 1
-4.5

138
314
143
177
153
245
390
192
190

80
19
58
64
54
30
21
45
94

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

124
259
84
101
80
149
109
156
155

113
314
75
82
74
103
92
157
158

113
168
101
81
98
85
115
192
148

0.0
-46. 5
+ 34. 7
-1.2
+ 32.4
-17.5
+ 25.0
+ 22. 3
-6. 3

+ 1.8
+ 26. 3
+ 4. 1
+ 8. 0
-2.0
-6.6
-1.7
+ 3.8
0.0

246
242
254
405
346
170

49
43
58
50
12
18

63
87
175
70
20
26

103
175
138
224
12
20

114
169
102
240
48
43

69
90
165
114
32
18

84
143
135
143
13
16

137
+ 63.1
202
+ 41.3
-13.3
117
175 1 +22.4
80 + 515.4
62 + 287. 5

+ 20.2
+ 19. 5
+ 14. 7
-27. 1
+ 66. 7
+ 44. 2

136
137
164
356
149

61
59
51
20
24

128
125
100
263
91

119
118
72
271
88

117
117
62
258
96

124
117
96
356
94

114
110
70
319
92

126
125
68
300
120

+ 10.5
+ 13.6
-2.9
-6.0
+ 30.4

+ 7. 7
+ 6. 8
+ 9.7
+ 16. 3
+ 25.0

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

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

131
131
126
97
128
149
80
124
170
170
181
135
141

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

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

135
135
146
121
118
142
89
110
184
178
171
136
137

128
123
143
105
108
134
89
104
188
178
161
129
112

128
133
136
119
117
148
103
111
190
190
171
146
126

0.0
+ 8.1
-4.9
+ 13.3
+ 8.3
+ 10.4
+ 15.7
+ 6.7
+ 1. 1
+ 6.7
+ 6.2
+ 13. 2
+ 12. 5

-5.2
-1.5
+ 11. 5
+ 22.7
-13.3
+ 0.7
+ 14. 4
-9.0
+ 7.3
+ 9.8
-2.3
+ 10.6
-19. 7

July

August

June

July

August

August, 1927, August, 1927,
from July,
from August,
1927
1926

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

__
___
_

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
Pulp wood
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.




19
INDEXES OF BUSINESS—Continued
PEE CENT INCREASE (+) OR
DECREASE (— )

1927

1926

Maximum
since
Jan. 1,
1920

Minimum
since
Jan. 1,
1920

203
346
201
121
205

94
73
85
58
86

164
240
144
81
169

169
256
134
89
172

184
310
129
88
177

178
250
168
89
185

199
306
204
115
199

85
70
64
56
88

160
237
123
79
171

153
203
110
97
173

148
191
100
100
170

116
112
153

40
30
25

48
36
98

48
37
94

126
129
136
135
133
150
*89

60
59
43
62
88
58
*46

84
105
59
86
116
77
80

170

49

466
223
387
261
222
303
215
234
156

August

August, 1927,
from July,
1927

August, 1927,
from August,
1926

190
286
162
94
191

204
317
172
95
204

+ 7.4
+ 10.8
+ 6.2
+ 1.1
+ 6.8

+ 10.9
+ 2.3
+ 33.3
+ 8.0
+ 15. 3

168
236
133
89
184

165
217
121
101
189

159
196
124
108
186

-4.6
-12.4
+2.5
+ 6.9
-1.6

+ 7.4
-0.5
+ 24.0
+ 8.0
+ 9.4

49
36
99

43
30
96

40
31
78

40
31
77

0.0
0.0
-1.3

-18.4
— 13. 9
-22.2

82
99
52
84
113
78
77

88
99
73
82
115
102
81

81
102
58
86
115
74
72

77
94
53
79
118
75
72

88
99
79
83
126
108
75

+ 14.3
+ 5.3
+ 49. 1
+ 5.1
+ 6.8
+ 44.0
+ 4.2

0.0
0.0
+ 8.2
+ 1.2
+ 9.6
+ 5.9
-6.4

113

98

98

114

100

112

+ 12.0

+ 14.3

84
55
119
109
106
109
72

204
118
309
184
152
204
153

206
108
316
195
155
210
145

204
121
295
193
148
194
122

224
87
399
210
151
215
155

221
80
373
217
153
211
145

237
98
385
215
147
208
132

+ 7. 2
+ 22.5
+ 3.2
-0.9
-3. 9
-1.4
9. 0

+ 16.2
-19.0
+ 30.5
+ 11.4
-0.7
+ 7.2
+ 8. 2

80
100

130
131

99
125

105
130

130
129

97
124

113
130

+ 16.5
+ 4.8

+ 7. 6
0.0

91
89
84
93
92
85
103
94
104
96
87
92
95

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

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

89
91
86
87
84
85
102
90
99
91
85
85
99

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

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

June

July

August

June

July

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

Total
R a w foodstuffs
__
Raw materials for manufacture. __ __
Manufactured foodstuffs
Other manufactured commodities
(Unadjusted index)

Total. __ _.
Raw foodstuffs
_
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities
UNFILLED ORDERS
(Relative to 1920 monthly average as 100)
(Iron, steel, and building materials)

Total (8 commodities)
Iron and steel
Building materials
WHOLESALE TRADE
(Relative to 1919 monthly average as 100)
(Distributed by Federal reserve districts)

Grand total, all classes..- . _
Hardware (10 districts)
Shoes (8 districts)
Groceries (11 districts)
Drugs (7 districts)
Dry goods (8 districts)
Meats
RETAIL TRADE
(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 steelTobacco products
Vehicles
Miscellaneous



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

i Since Jan. 1,1921.

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

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

85
86
81
79
83
83
93
84
89
66
78
75
80

1

Since July 1, 1922.

0.0
-1. 1
+ 1.2
-1.2
+ 1.2
+ 3.4
0.0
+ 1. 1
+ 1. 1
0.0
-7. 1
+ 1.2
-1. 1

-4.4
-1. 1
+ 3.7
-8.7
-7.4
-1. 1
0.0
-5.3
-7.8
-5.3
-2.5
-8.8
-2. 1

20

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

June

July

PER CENT INCREASE (+) OR
DECREASE (— )

1927

1926

Minimum
since
Jan. 1,
1920

August

June

July

August

August, 1927,
from July,
1927

August, 1927,
from August,
1926

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

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

274
2
85
272
2
62
2
84
2
79
2
88
2
85 !:
2
84
2
70
2
78 i
2
60 i
2
72

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

91
94
76
93
95
87
109
97
1O4
92
85
88
97

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

93
96
86
92
93
83
111
100
106
92
88
86
105

89
96
84
85
89
87
109
95
97
87
87
81
100

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

+ 2.2
-2. 1
+3.6
+ 2.4
+ 4.5
+ 6.9
+ 1.8
-4-1 1
+ 4.1
+ 1.1
-6.9
+ 6.2
-3.0

-4.2
0.0
+ 7.4
-8.4
-7.0
-1. 1
+ 1.8
-3.0
-9.0
-6.4
-3.6
-9. 5
-3.0

235
283
373
186
215
304
180

110
88
108
91
122
76
74 ,

139
130
216
154
130
132
81

136
125
195
152
131
126
85

133
128
166
144
130
130
89

130
140
201
129
124
119
82

130
139
195
131
125
125
81

132
138
172
136
127
136
81

+ 1.5
-0.7
-11.8
+ 3. 8
+ 1.6
+ 8. 8
0.0

-0.8
+ 7.8
+ 3. 6
-5.6
-2.3
+ 4.6
-9.0

248
243
248
346
281
203
300
213
275
208

138
114
131
168
158
109
155
121
157
111

152
144
157
175
179
125
171
131
162
123

151
141
154
173
177
126
172
131
161
123

149
138
151
175
180
127
172
131
161
122

144
138
146
170
159
120
164
122
157
121

145
141
146
171
159
119
162
121
157
121

147
146
146
173
158
120
161
121
158
122

+ 1.4
+ 3. 5
0.0
+ 1.2
-0.6
+ 0.8
-0.6
0. 0
+ 0.6
+ 0.8

-1.3
+ 5. 8
-3.3
-1. 1
-12.2
-5.5
-6.4
-7. 6
-1.9
0. 0

_

244
249
249

118
146
135

128
165
154

127
162
153

128
160
151

120
154
147

120
154
149

120
155
153

0.0
+ 0.6
+ 2.7

-6.2
-3. 1
+ 1.3

Dun's (1st of following month)
_ _
Bradstreet's (1st of following month)

218
227

134
115

154
138

153
137

153
138

153
134

154
137

156
140

+ 1.3
+ 2.2

+ 2.0
+ 1.4

205
219
186
288
179
208
123
192

155
139
143
153
156
174
118
171

167
160
176
174
158
179
118
172

166
157
176
173
158
179
118
174

165
156
175
173
160
180
121
173

165
159
169
169
160
180
122
172

162
153
168
169
160
180
122
173

162
152
169
170
161
181
122
172

0.0
-0.7
+ 0. 6
+ 0.6
+ 0.6
+ 0.6
0.0
-0.6

-1.8
-2. 6
-3.4
-1.7
+ 0.6
+ 0.6
+ 0.8
-0. 6

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

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

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

_ _

WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1913)
All commodities
Farm products __ _
Food, etc
Cloths and clothing
Fuels
_
_
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous
__
Classified by state of manufacture:
Producers' goods__
Consumers' goods
Raw materials

!
!
1
i

Commercial Indexes
(Relative to 1913)

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
_ ._ _
_




3

2 Since July 1, 1922.

3

1
j
1
i

» Since Jan. 1, 1923.

21
LONG-TERM INDEXES OF COMMON STOCK MARKET VALUES1
(Averages of weekly indexes. Average 1917-1921=160)
1918

1919

1930

1932

1931

1923

1924

1925

1926

1927

MONTH

AUTOMOBILE STOCKS
Januarv
February
1V1 arch
April

- ._

May
June
July
August

- - -

September
October
November _
December

-

._

- -- .. _

_

_ .

_

Monthly average

50.6
55.7
51.7
50.0

56.3
61.3
69.3
77.0

123.0
99.2
124.2
126.5

61.6
60.6
58.9
60.2

44.7
44.8
50.2
62.2

72.3
75.2
78.9
81.8

75.2
76.2
72.8
66.8

88.4
92.2
90.9
96.4

164.9
166.6
154.1
147.2

226.6
233.4
251.9
266.6

50.8
56.6
60.6
61.2

84.1
97.0
101.4
95.3

108.5
98.7
98.6
84.2

58.3
47.0
49.3
46.0

66.6
69.7
70.7
65.6

77.4
71.1
67.4
72.3

64.5
64.4
70.4
75.4

104.3
111. 1
120.8
125.9

151.3
163.5
187.1
219.8

276.7
281.9
290.3
318.5

52.0
56.2
57.3
57.7

102.3
133.2
131.2
127.9

82.2
72.3
62.4
56.1

46.3
45.1
49.2
49.2

69.4
70.7
67.4
69.8

72.4
67.6
71.5
74.1

73.4
71.8
73.9
80.8

143.5
165.5
170.2
159.2

227.9
225.6
215.4
228.0

55.0

94.7

94.7

52.6

62.6

73.5

72.1

122.4

187.6

CHAIN STORE STOCKS
January _
February.
March
April

67.0
68.7
65.9
65.7

42.5
47.0
52.6
55.6

110.0
99.3
101.9
105.2

90.9
91.1
90.1
92.6

103.5
108.0
108.5
113.9

150.0
158.4
162.9
165.4

199.9
204.3
215.4
212.8

299.7
295.6
295.3
310.5

516.6
496.2
409.6
355.7

417.0
422. 3
425.2
446.3

May
June
July
August .

67.1
67.7
68.5
69.4

62.8
77.0
82.4
81.9

101.1
100.7
96.9
92.0

95.2
90.1
87.5
82.0

117.5
118.1
119.3
132.2

169.9
168.5
167.2
170.9

214.3
237.8
266.7
268.4

318.5
337. 3
380.4
398.0

354.5
385.4
399.1
398.6

466.1
462.1
477.7
5312

September.
October
November.
December..

69.4
72.3
74.6
77.1

104.0
117.4
110.4
107.8

94.2
94.5
90.7
85.8

83.4
88.4
93.9
99.9

138.6
142.1
144.5
146.3

175.5
179.0
191.8
197.8

271.1
266.3
275.8
291.5

409.0
463.5
488.1
495.6

395.1
390.8
424.2
436.3

69.4

78.4

97.7

90.4

124.4

171.4

243.7

374.4

413.5

Monthly average..

STEEL STOCKS
92.0
93.1
91.6
92.0

84.9
87.7
90.6
95.8

113,0
104.4
108.6
111.0

82.6
82.9
81.1
80.2

80.2
85.1
88.5
96.2

96.1
99.7
101.4
99.0

90.7
95.1
89.7
85.0

105.7
104.6
99.2
94.6

111.1
106.8
100.5
97.8

123.6
125.3
128.8
135.3

May....
June
July....
August..

102.6
101.6
103.4
107.3

100.9
107.4
115.9
104. 6

103.4
102.4
101.2
93.5

87.0
75.6
74.1
73.1

99.0
98.3
99.2
101.8

90.4
84.7
80.2
81.6

84.7
83.7
86.8
91.3

94.9
93.6
96.6
99.9

98.8
107.6
114.7
121.7

136.0
135.4
138. 3
150.5

September.
October
November.
December..

106.0
99.0
91.8
89.7

110.7
120.2
114.2
112. 1

95.7
93.5
85.9
77.7

75. 5
75.5
78.1
79.5

102.0
101.3
96.8
94.8

82.0
79.5
84.9
86.5

90.2
88.4
93.3
99.9

100.0
102.6
107.9
111.5

118.9
113.7
116.7
123.0

97.6

103.7

99.2

78.8

95.3

88.8

89.9

100.9

110. 9

January.._
February.
March
April

Monthly average..

TEXTILE STOCKS
January
February
March.
April
May
June
July _
August

-

_

September
October
November .
December

..

-

-

__-

...

...

_

Monthly average ..
1

_ ._ _ _

53.2
58.7
58.5
58.0

57.8
59.7
64.4
69.8

135.2
114.7
118.4
127.3

70.8
69.5
67.4
70.1

70.5
72.1
74.3
77.4

84.3
90.0
91.4
86.0

69.4
66.2
63.7
57.7

53.1
48.7
42.7
41.4

47.2
44.1
40.8
38.0

41.5
40.0
38.6
39.5

59.2
58.5
60.4
60.4

83.8
108.2
116.8
106.1

114.9
107.0
101.8
91.2

73.1
66.8
63.9
61.0

78.7
76.1
73.8
75.5

79.7
74.7
70.4
72.1

54.7
56.8
59.2
60.9

41.1
40.7
43.1
42.4

34.3
34.5
35.0
37.1

41.2
40.3
42.1
43.6

59.2
57.4
59.2
62.0

109.2
119.6
115.7
122.0

90.5
83.2
70.4
65.6

67.8
67.2
69.4
70.0

80.1
82.9
83.1
84.1

74.0
66.6
67.3
67.3

51.3
49.0
51.2
54.5

44.5
46.8
50.2
48.3

39.4
38.1
40.3
42.9

58.7

94.4

101.7

68.1 |

77.4

77.0

57.9

45.2

39.3

Compiled by Standard Statistics Co. (Inc.). The indexes are weighted by the number of shares of each stock outstanding, the Saturday market closing price or the
last previous sale price being used. Weekly indexes have been averaged to give monthly data. For automobiles, 10 stocks are included; for chain stores, 11; for steel, 9; for
textiles, 5; for copper, 10; for foods, 9; for petroleum, 17; and for traction, gas and power, 16.




22
LONG-TERM INDEXES OF COMMON STOCK MARKET VALUES

1

(Averages of weekly Indexes. Average 1917-19 21 = 100)

1918

1919

1930

1921

1922

1923

1924

1925

1926

1927

MONTH

COPPER STOCKS
January
February
March
April

May
June
July
August

100.1
102.7
99.3
100.5

94.5
92.2
94.7
102.8

103.4
93.3
98.4
98.2

66.1
65.5
59.6
63.7

82.5
80.6
83.4
88.2

93.0
99.8
103.0
97.8

82.8
84.0
79.9
79.5

109.8
107.5
98.2
93.4

107.1
109.5
103.4
102.1

116.0
115.3
116.7
117.1

103.9
100.2
105.3
104.6

108.8
118.8
128.0
114.5

89.9
88.0
86.5
79.3

69.1
62.4
62.0
58.2

94.7
91.8
92.6
95.0

90.9
83.6
80.6
81.0

80.3
80.9
87.2
96.3

95.3
99.9
102.8
105.3

104.5
105.9
109.9
113.3

117. 4
113.4
114.6
121.8

_ _ _ _ > _

105.5
111.2
111.2
101.0

115.1
114.6
104.2
96.6

82.8
77.7
70.9
56.6

62.9
67.1
72.5
80.4

96.0
92.5
87.8
92.2

80.6
76.4
80.1
81.0

92.6
89.3
95.2
102.9

105.6
106.2
112.6
109.7

•110.9
112.3
116.0
117.2

.

103.8

107.1

85.4

65.8

89.8

87.3

87.6

103.9

109.3

__
__ _

-

- -

- -

September
October
November
December
Monthly average

- - -

--

-

FOOD STOCKS
January
February
March
April

-

-

-

May
June
July

August
S e pte mber
October
November
December

« . _

Monthly average

65.0
69.1
68.9
68.4

87.1
87.1
92.6
98.1

111.9
103.1
110.6
115.4

97.6
99.0
97.7
99.0

117.2
124.7
128.7
132.6

162.4
173.8
176.7
171.5

193.5
199.4
196.0
190.8

234.6
232.1
228.2
227.2

265.4
289.1
269.1
266.5

310.2
314.8
326.0
343.. 3

69.9
70.5
71.8
72.5

102.2
106.5
113.0
104.7

111.1
108.2
107.8
102.8

101.7
95.6
96.2
96.1

132.9
131.4
133.6
141.1

167.5
166.2
161.8
168.0

193.9
195.7
206.1
218.8

225.9
226.4
237.0
235.4

274.4
293.4
298.5
302.4

369.1
361.1
363.4
371.3

72.1
76.7
81.3
84.3

107.3
114.7
111.6
111.7

104.3
103.2
100.4
93.0

101.4
103.0
111.1
115.5

144.5
154.2
157.1
159.3

171.8
171.6
177.7
186.7

218.7
221.9
228.8
232.7

243.6
249.0
245.2
251.0

302.4
299.4
309.9
318.7

72.7

103.1

106.0

101.2

138.1

171.3

208.0

236.3

290.8

PETROLEUM STOCKS
January
February
March
April

May
June
July
August

.

_-

_ -

September
October
November
December

._

_

_

- - -

_. .

Monthly average

_
--

75.7
77.8
74.0
75.2

94.1
94.4
95.7
99.7

109.3
98.1
108.7
103.2

87.8
85.1
83.5
84.9

92.5
92.4
93.4
98.4

112.5
118.1
121.2
110.0

107.4
104.9
100.6
96.8

108.3
115.4
108.6
106.2

114.4
114.5
109.8
107.3

110.5
112.3
107.7
101.9

75.8
75.5
75.4
75.4

111.5
111.6
114.9
110.0

98.2
95.1
93.7
89.3

86.4
77.3
76.1
74.6

107.5
105.9
101.9
102.9

102.8
95.7
91.1
88.7

94.0
92.9
93.4
95.8

109.4
113.5
112.4
103.2

110.8
114.5
113.6
113.5

103.2
101.7
100.9
105.3

74.7
81.5
86.4
87.0

114.1
122.5
120.9
116.9

94.7
94.8
93.1
85.4

74.5
80.0
90.1
95.8

107.9
117.7
111.9
107.8

88.4
88.3
90.4
101.8

94.2
93.4
99.2
101.6

101.9
104.4
109.9
113.3

113.4
109.0
108.5
109.6

77.9

108.9

97.0

83.0

103.4

100.8

97.9

108.9

111.6

TRACTION, GAS, AND POWER
January _ .
February
March
April

May _
June
July
August
September
October
November
December

.

Monthly average




_.

100.8
103.2
100.7
98.9

102.8
102.5
104.2
103.6

90.9
86.3
89.5
89.0

82.8
82.9
85.6
87.6

97.6
101.4
110.2
114.3

129.5
137.1
137.2
133.5

133.5
133.3
131.3
130.5

170.0
172.1
173.0
173.3

217.0
221.3
201.6
199.3

218.6
217.8
220.8
226.7

- - - - - -

100.6
100.2
99.9
100.0

108.2
110.8
110.8
105.3

84.6
83.2
81.9
80.2

89.4
86.6
87.4
87.4

118.9
118.4
119.9
129.2

129.3
125.2
123.0
126.2

132.5
138.5
144.9
146.7

187.9
192.2
200.2
203.4

200.8
207.0
215.7
223.4

239.2
241.8
242.6
254.1

100.0
107.5
112.8
107.9

103.1
101.0
93.8
88.7

82.6
90.8
89.0
80.1

87.6
89.8
91.8
93.4

138.0
137.9
131.2
127.2

125.7
124.1
125.8
126.9

151.1
150.6
156.3
169.2

205.5
214.0
216.2
214.9

222.8
215.6
222.0
222.9

102.7

102.9

95.7

87.7

120.4

128.6

143.2

193.6

214.1

. _

_

See footnote on preceding page

23

TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (August, 1927), in which monthly figures for 1926 and 1927 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of
the end of the month referred to. For explanations of relative numbers, including base periods, see introduction on inside front cover.

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

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

April

May

June-

July

August

August

28, 025
9,522
18,503

26, 394
17, 938
8,456

50,598
46, 106
4,492

60, 980
55, 877
5,103

35, 499
29, 891
5,608

50, 675
45, 162
5,513

28, 035
23, 611
4,424

29, 239
33, 177

18, 117
20, 362

17,355
20, 149

13, 464
15, 079

18, 425
21, 754

12, 545
12, 794

43, 971

44, 338

45,006

39, 833

46, 504

57
60
67
78
77

58
61
67
80
74

60
67
64
84
73

56
58
56
77
75

77
63

80
61

79
61

1.08

1.08

.43
1.35

.41
1.33

.98
3.29

.98
3.29

July

August,
1927,
from
July,
1927

August,
1927,
from
August,
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

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

1926

1927

-41.8 +26.6
-46.5 +26.6
+9.9 +26.8

290,539
135, 489
155, 050

278, 368
180, 592
97, 776

15, 305
17, 467

+36.8 +20.4
+44.3 +24.5

226, 956
239, 935

191, 671
216, 855

-i5rs
-9.6

38,236

40, 859

+16.7

319, 544

366, 241

+14.6

59
65
57
79
83

53
53
55
68
68

56
55
60
71
74

+5.4 +5.4
+12.1 +18.2
+1.8
-5.0
+2.6 +11.3
+10.7 +12.2

76
59

78
65

66
56

67
66

+2.6 +16.4
+10.2 -1.5

1.09

1.13

1.12

1.14

1.11

.42
1.33

.44
1.35

.44
1.35

.43
1.40

.44
1.40

0.0
0.0

0.0
-3.6

.98
3.29

.98
3.29

.98
3.29

1.05
3.29

1.05
3.29

0.0
0.0

-6.7
0.0

686
21, 347

363
36, 055

129
31, 147

i 212, 692
3, 506
832
28, 041

4,704
240, 620

6,891
292, 017

+46.5
+21.4

628, 132
633, 024

481, 943
662, 630

389, 358
569, 250

340, 311
633, 434

3, 866, 387 5, 951, 029
4, 358, 286 5,006,702

+53.9
+14.9

4,663
1,794
2,869

3,772
1,608
2,164

3,227
1,404
1,823

3,295
1,122
2,173

3,033
1,097
1,936

* 2, 632
4917
4 1, 715

+2.1 +25.2
-20.1 +22.4
+19.2 +26.7

6,507
4,815

5,654
4,014

4,988
3,417

4,480
3,131

3,686
2,284

3,183
1, 989

-10.2 +40.7
-8.4 +57.4

32,907
9,002
244
109.0

32, 753
9,192
249
109.2

32, 312
8,043
219
99.1

32, 239
8,973
245
103.5

31,057
6,750
180
78.9

* 31, 360
7,489
200
87.4

-0.2 +2.8
+11.6 +19.8
+11.9 +22.5
+4.4 +18.4

.139
.163

.148
.168

.155
.180

.171
.203

.154
.187

.161
.187

72, 334
71,959
43, 154
40,390
63
5.9

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

65, 714
67, 272
43, 724
40, 446
50
5.2

229, 097
177,527
457, 883

245, 605
201,217
491, 960

184, 033
288, 182
249, 932

191, 683
259, 549
301, 899

16,723
7,548
30, 295

17,288
7,460
29, 499

9,615
24, 683
11, 600

10,834
20, 661
14, 182

+3.4 +59.6
-1.2 -63.9
-2.6 +108. 0

121, 504

12,485
12,340
21. 656

6,914
7,895
15, 135
9,960
13,345
10, 844
25. 745
13. 033
14. 618
s Final estimate for 1926.

+21.2 +91.7
+8.1 +34.0
+18.9 +76.1

52, 560

TEXTILES
Wool
Receipts at Boston:
Total
_
thous. oflbs..
Domestic
thous. oflbs..
Foreign.
thous. oflbs _
Imports:
In condition imported
thous. of lbs._
Grease equivalent..
thous. oflbs..
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 spindles—
\Voolen
per ct of hours active
Worsted
per ct of hours active
Prices:
Raw, territory, fine scoured ..dolls, per lb_.
Raw, Ohio and Pa. fleeces,
Y± blood, combing, grease... dolls, per lb._
Worsted yarn
dolls per Ib
Women's dress goods, French
serge
dolls, per yd._
Men's suiting
dolls, per yd..

-0.9

+13.8

-4.2
+33.3
-36.9
i**

+0.9

Cotton
Production crop estimate
thous of bales
Ginnings
thous of bales
865
Receipts into sight .
.thous. of bales
Imports, unmanufactured
_ bales. _ 37, 519
Exports, unmanufactured
(including linters)
_
bales . 855, 449
Consumption by textile mills
bales.. 619, 140
Stocks, domestic, end of month:
Total, mills and w'houses. .thous. of bales..
5,571
1,895
Mills
thous of bales
Warehouses
thous of bales
3,676
Stocks, world visible, end of month:
Total ._
thous. of bales
7,380
American
thous of bales
5,718
Machinery activity of spindles:
32, 892
Active spindles
thousands
8,805
Total activity
millions of hours
238
Activity per spindle
hours
105.8
Ratio to capacity
per cent
Prices:
To producer
dolls per Ib
.123
In New York, middling
dolls, per lb._
.146

131
12, 090

3 18, 618
22,509
559 +545. 0 +48.8
* 13, 279 -10.0 +111.2

366, 722 4 391, 295
461, 743 * 500, 553

-12.6
+11.3

+10.3
+12.8

-13.0
+26.5

+6.2
+8.6

Cotton Goods
Cotton finishing:
Billings, finished goods (as
87, 006
91, 675
85, 054
produced)
thous. of yds
77, 170
New orders, gray yard age .-. thous. of yds_. 85,323
77, 743
Shipments, finished goods
cases
51, 869
49, 711
48, 133
37, 340
39, 535
Stocks,finishedgoods, end mo.
cases. . 38, 275
78
72
66
Operating activity
per ct. of capacity-6.2
6.1
5.5
Unfilled orders, end of month
days..
otton textiles:
Total (9 groups)—
237, 185 231, 874 279, 456
Production
thous of yds
Stocks, end of month
thous. of yds._ 176, 681 177,890 187, 623
Unfilled orders, end mo_ .thous. of yds. 474, 530 572,009 481, 346
D rills and twills16, 946
17, 451
21, 176
Production
thous. of yds
8,028
8,480
9,093
Stocks, end of month
thous. of yds.
32, 282
31, 677
38, 778
Unfilled orders, end mo.thous. of yds.
Wide drills, twills, and broadcloth14, 024
15, 709
Production...
..thous. of yds.. 13, 825
8,474
8,681
11,220
Stocks, end of month
thous. of yds..
28.735
29. 378
23.328
Unfilled nrders. end mo thoiis. of vds.
2 As of Sept. 16.
i As of Sept. 1.



69, 554 +17.2 +21.9
75, 180 +14.5 +9.6
44, 336 +21.4 +18.2
38, 449 I -8.2 -3.5
59 1 +7.9 +15.3
5.7
-1.7 +1.8

+7.2
+13.3
+7.4

642, 392
626, 157
376, 401

687, 980
676, 934
402, 689

+7.1
+8.1
+7.0

1,961,813

+28.1
-22.5
+63.0

* Revised.

143, 084

+17.8

112,359 j+113.8
1i

24

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

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

April

May

June

July

66, 048
16, 166
134, 751

66,084
i7, 937
161, 699

86, 476
20, 143
129, 580

67, 672
18, 447
133, 603

75, 836
26, 636
163, 971

58,377
58, 954
63,111

63, 422
56,048
71, 777

26, 214
42, 314
51, 026

24,359
47, 712
62, 969

25, 503
50, 784
59, 174

24, 178
50, 829
50, 089

20, 316
52,026
54, 794

23, 025
62, 289
43, 496

20, 481
57,632
44, 986

40,413
40, 475
95, 021

39, 444
42, 121
117, 767

38, 541
42, 442
103, 548

35, 198
38, 813
91, 703

38,007
34, 188
81, 802

25, 527
61, 149
31,808

3,221
4,075
9,859

2,980
3,660
9,575

4,820
4,224
7,953

2,805
3,269
7,284

2,812
3,011
6,370

10, 119
3,378
19,053

9,827
2,743
21, 756

12,100
3,020
14,723

9,127
2,390
13, 095

53, 370
28, 232
89, 180

51, 342
22, 589
115, 002

66, 856
23,683
93, 130

7,029
24, 474
15, 228
492, 467

6,363
23, 967
15, 085
479, 275

6,369
54, 236
10, 010

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31 !

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

1926

1927

+12.1 +19.6
+44.4 -52.5
+22.7 +128. 4

549, 735

583, 996

+6.2

-16.0
+2.4
+9.4

-0.8
-9.7
+21.8

180, 022

196, 646

+9.2

24,388
46, 617
67, 776

+8.0
-11.9
-10.8

+55.8
-26.7
+20.7

233, 182

306, 678

+31.5

2,160
7,896
6,067

1,856
7,224
3,699

+0.2
-7.9
-12.5

+51.5
-58. 3
+72.2

8,810
3,772
11, 728

7,418
1,664
12, 260

7,692
2,131
10, 236

-3.5
+57.8
-10.4

+14.5
+77.0
+14.6

61, 683

81, 620

+32.3

52, 722
21, 239
92, 678

52, 735
19, 914
88, 841

44, 488
28, 135
60, 959

49, 107
27, 324
65,084

+7.4
0.0
-6.2 -27.1
-4.1 +36.5

390, 850

446, 608

+14.3

8,275
24,079
17, 628
530, 892

8,187
22,652
17,480
460, 260

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

6,509
32, 568
7,598
339, 755

6,008
31,952
9,541
302, 571

+79.1 +144. 1
+80.4 +27.9
+67.1 +206 2
+5.7 +60.8

6,892
51, 796
10, 217

5,654
48, 589
11, 594

3,821
50, 387
9,688

4,996
46, 387

3,820
49, 215
10, 054

2, 587
38, 508
10,695

17, 238

16, 029

17,443

14, 010

14, 050

16, 140

312, 012
218, 963
93,049

496, 120
269, 329
226, 791

.312
.446
.068
.081
146

.335
.456
.071
.082
147

6,418
47, 853

August

|

TEXTILES— Continued
Cotton Goods— Continued
Cotton textiles— Continued.
Print cloths, plain and fancyProduction
_
__thous. of yds..
Stocks, end of month
thous. of yds..
Unfilled orders end mo thous of yds
Pajama checks and ginghams—
Production
thous. of yds . ,
Stocks, end of month
thous. of yds..
Unfilled orders, end mo. -thous. of yds..
Denims and chambrays—
Production.
_
thous. of yds..
Stocks, end of month
thous. of yds..
Unfilled orders, end mo._thous. of yds_.
Canton flannels (for mitten trade) —
Production
thous of yds
Stocks end of month
thous of yds
Unfilled orders, end mo.. thous. of yds_.
Osnaburgs—
Production
thous. of yds..
Stocks end of month
thous of yds
Unfilled orders, end rno. .thous. of yds..
Narrow sheetingsProduction
thous. of yds..
Stocks, end of month
thous. of yds_.
Unfilled orders, end mo. -thous. of yds_.
Wide sheetingsProduction
thous. of yds
Stocks, end of month
thous. of yds..
Unfilled orders end mo thous of yds
Fine cotton goods, production.
--.pieces..
Cotton cloth:
Imports
thous. of sq. yds..
Exports
thous. of sq. yds..
Elastic webbing, shipments
thous. of yds. .
Fabrics for tire manufacture:
Consumption
thous of Ibs
Exports —
Total.
_.
sq. yds..
Cord
sq. yds
Others
sq. yds..
Prices:
Cotton yarn—
22/1 cones Boston
dolls per Ib
40/ls. New Bedford
dolls, per Ib
Print cloth, 64 x 60
dolls, per yd..
Sheeting, brown
dolls, per yd__
Cotton goods (Fairchild).. -index number..
Silk
Imports, raw
__
.thous. of Ibs. _
Deliveries (consumption)
bales
Stocks, end of month:
At warehouses
.
bales
At manufacturers' plants
bales
Silk machinery activity:
Broad looms
per cent of normal
Narrow looms
per cent of normal
Spinning spindles
per cent of normal _ _
Price, Japanese, New York
dolls, per lb_.
Rayoii

+93.1
+20.5

-56.2 +58.8
-59.8 +139. 0
-42.0 -17.3

447, 693
327, 984
119, 709

172, 561
83,185
89, 376

281, 887
137,216
144, 671

.346
.470
.073
.084
150

.354
.481
.075
.087
152

.387
.512
.084
.098
162

.344
.500
.073
.089
155

.363
.500
.076
.092
157

+9.3
+6.4
+12.0
+12.6
+6.6

+6.6
+2.4
+10.5
+6.5
+3.2

7,322
45,486

7,404
41,312

6,225
41, 039

9,347
47, 042

6,313
39,425

6,207
45, 943

+50.2
+14.6

+50.6
+2.4

31, 749
22, 581

35, 527
18, 984

37, 024
18, 086

43, 841
16,002

56, 618
22, 218

27, 528
18, 665

28,006
19, 274

+29.1 +102. 2
+38.8 +15.3

86.4
62.6
79.7
5.54

87.3
61.6
76.5
5.39

83.0
56.6
67.3
5.19

89.7
53.8
74.9
4.95

4.85

78.7
59.5
81.7
5.78

78.9
61.8
82.0
5.98

1,528

739

662

1.50

2,046
1.65

2,053
1.65

1,518

1,799

1,311

1,220

1,001
1.50

941
1. 50

1,654
1.50

1,191
1,454
203

1,132
1,427
277

1,287
1,450
416

1,246
1,294
486

1,412
1,448
486

1,432
1,493
576

292, 505
dozen garments
259,847
dozen garments
dozen garments. . 380, 347

290, 759
284, 978
383, 007

279, 601
290, 889
363, 582

275, 247
282, 082
380, 858

229, 323
205,447
298, 013

259, 963
249, 271
295, 607

3,709
3,618
7,758
3,963
5,807

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

4
3, 941
43,886
4
8, 141
4 4, 143
6,342

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

3,060
3,078
7,616
2,966
6,170

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

1,108
Production ... .
thous. of dozens. _
Net shipments .
thous. of dozens.1,013
1,395
Stocks, end of month
. . thous. of dozens..
949
New orders
thous. of dozens-Unfilled orders, end of mo
thous. of dozens..
2,566
4
Revised.

1,082
958
1,527
952
2,583

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

880
950
1,617
803
2,458

65, 340

3,143,474

3, 866, 072

+23.0

45, 238
345, 307
5 72, 040

43, 204
371, 641
573,351

-4.5
+7.6
+1.8

109, 338

+14.0

5

390, 635 1,022,449
183, 420 815, 995
207, 215 206,454

1,022
1.50

Imports .
thous. of Ibs
Stocks in bonded warehouses,
end of month
thous. of Ibs
Price, 150 denier, A grade, N. Y. .dolls, per lb_.

+30.8
-7.9

25, 482

-2.0

1, 232, 537
403, 652
828, 885

5

3, 179, 789 +158. 0
2, 064, 937 +411.6
1, 114, 852 +34.5

46, 788
322,411

57, 372
363, 141

+22.6
+12.6

6,265

10, 646

+69.9

10, 375
11, 557
5 2, 206

5
9, 465
5 510, 256
2, 110

-8.8
-11.3
-4 4

014, 053
1,586, 948 5 1, 883, 739

+13.8
+18.7

-18.9

+25.2 +130. 8
0. 0

95, 927

-9. 1

Clothing
Men's and boys' garments
Suits
Separate trousers
Overcoats
Work clothing:
Cut
Net shipments
Stocks, end of month

cut:
thous of garments
thous. of garments
thous of garments

5
5

5
1,770,450 5 2,
5

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

3
5

24, 425
24, 271

55 25, 937
25, 119

+6.1
+3.5

5

24, 679

5

26, 853

+8.8

8,425
7,959

8,348
8,233

-0.9
+3.4

7,508

9,124

+21.5

Knit Underwear




927 +23.0
821
1,082
843
1,109 +44.1
1,369
1,507
1,434
1,386 -11.3
974 +78.6
616
1,434
1,910
+2.3
2,114
2,514
J Cumulative through July 31.

+16.7
+23.4
+3.5
+47.2
+31.6

25
TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

PER CENT INCREASE (+) OR
DECREASE (— )

1926

May

June

July

62, 760
30, 569

61, 287
23, 115

35, 236
19, 030

3,559
2,752
2,995

3,854
2,930
2,768

4,358
2,964
2,671

3,246
2,545
2,415

17,544

17, 551

14, 136

10, 959

51.3
9,900

51.5
9,830

52.9
9,950

37.3
9,705

August

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH AUGUST 31

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

1926

1927

435, 003
206, 218

417,918
219, 658

5 19, 504
« 15, 398

5
5

25, 896
19, 216

+32.8
+24.8

113, 740

131, 408

+15.5

TEXTILES— C ontinued
Burlaps and Fibers
Imports:
Burlaps
thous of Ibs
50, 271
Fibers (unmanufactured) . .
long tons . . 43.437

71,417
23, 768

55, 258
19, 978

52, 990 +102. 7
15, 070 +24.9

+34.8
+57.7

-3.9
+6.5

Pyroxylin Coated Textiles
Pyroxylin spread..
-thous. of lbs_.
Shipments billed..
thous. of linear yards..
Unfilled orders, end of mo.thous. of linear yards. .

3,093
2,301
2,186

3,423
2,510
2,158

13, 694

13, 230

17, 647

+25.0

-22.4

43.6
9,555

38.6
11, 690

44.4
11,754

+16.9
-1.5

-1.8
-18.7

Fur

Sales by dealers

thous. of dollars
Buttons

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

"I

IRON AND STEEL
Iron
Manganese ore, imports
thous. of long tons,30
Iron ore:
Imports
thous. of long tons. _
240
Shipments from mines.thous. of long tons-1,560
Receipts—
Lake Erie ports and
furnaces
.. thous. of long tons._
733
Other ports
thous. of long tons
316
Consumption .. _ . thous. of long tons. . 5,019
Stocks, end of monthTotal
thous. of long tons_. 20, 753
At furnaces
thous. of long tons.. 16, 050
On Lake Erie docks.thous. of long tons..
4,703
Pig-iron production:
Total, United States. .. thous. of long tons-3,422
784
Merchant furnaces
thous. of long tons..
Canada
thous. of long tons..
77
Furnaces in blast, end of month:
Furnaces
number-220
Capacity
long tons per day_. 112,955
60.4
Per cent of total.
per cent-Ohio gray-iron foundries:
Meltings—
Actual
long tons-- 19,189
Normal
long tons
21, 159
90.6
Ratio to normal
per cent of normal. .
99
Stocks, end of month.__per cent of normal-79
Receipts
percent of normal- .
Malleable castings:
Production
short tons-55, 318
55.3
Operating activity
per ct. of capacity-Shipments
_
short tons.- 56, 595
53, 002
New orders
short tons
Wholesale prices:
Foundry, No. 2,
northern
_
-dolls, per long ton..
20.26
Basic (valley furnace). -dolls, per long ton_.
19.00
Composite pig iron
dolls, per long ton..
20.04

18

37

28

23

34

437

-17.9

-37.8

272

199

-26.8

186
7,752

232
8, 45,9

252
8,609

304
8,776

233
10, 006

259
10, 709

+20. 6
+1.9

+17.4
-18.1

1,742
35, 610

1,837
35, 156

+5.5
-1.3

4,969
2,183
5,013

6,010
2,418
4,531

6,136
2,282
4,294

6,451
2,274
4,368

7,300
2, 609
4, 787

7,655
2, 651
4,796

+5.1 -15.7
-0.4 -14.2
-8.9
+1.7

24, 639
9,133
39, 395

24, 299
9,473
37, 014

-1.4
+3.0
-6.0

22, 971
18, 215
4,756

26, 973
21, 922
5,051

31,331
25, 872
5,459

35, 803
29, 728
6,075

26, 691
21, 582
5,109

32, 174
26, 280
5,894

+14.3
+14.9
+11.3

+11.3
+13.1
+3.1

3,391
772
79

3,090
746
69

2,951
788
51

2,947
733
63

3,223
762
67

3,200
776
59

-0.1
-7.0
+23.5

-7.9
-5.5
+6.8

26, 270
6,023
498

25, 329
6,075
518

-3.6
+0.9
+4.0

211
107, 445
58.3

99, 240
54.7

190
93, 700
52.5

187
92,500
51.7

216
103, 245
58.5

213
102, 085
57.7

-1.6
-1.3
-1.5

-12.2
-9.4
-10.4

20, 117
23, 241
86.5
111
86

15, 891
18,893
84.1
99
83

10, 761
14, 864
72.3
94
64

17, 559
20, 217
86.8
82
72

18, 472
24, 038
76.8
79
56

20, 846
23, 791
87.6
84
71

+63.2 -15.8
+36.0 -15.0
+20.1 -0.9
-12.8 -2.4
+12.5 +1.4

142, 851
176, 739

130, 620
153, 873

-8.6
-12.9

53, 698
53.4
53.-501
46, 119

53, 843
53.6
51,306
42, 885

44, 142
45.0
44, 347
43, 136

47, 166
47.4
46, 306
39, 897

51, 568
50.4
50, 998
52, 716

53, 796
52.0
53, 586
45, 802

+6.9
+5.3
+4.4
-7.5

-12.3
-8.8
-13.6
-12.9

472, 557

4% 448

-10.6

457, 587
406, 571

407, 399
376, 204

-11.0
-7.5

20.26
18.20
19.89

19.89
17.88
19.79

19.76
17.50
19.32

19.36
17.30
19i05

19.45
17.63
20.23

19.26
17.50
20.19

-2.0
-1.1
-1.4

+0.5
-1.1
-5.6

23, 128
20, 992
23, 086
10.8, 721

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

19,011
18, 911
20, 442
114,224

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

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

« 146, 956
« 114, 289
* 128, 764

5
155, 971
» 123, 005
130, 007

+6.1
+7.6
+1.0

21, 367
18, 539
21, 439
106, 933

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

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

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

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

* 142, 404
85 113, 534
131,669

« 156, 021
115, 557
« 128, 056

+9.6
+1.8
-2.7

14, 797
12,965
15, 810

16, 242
11, 756
11, 946

13, 577
14, 360
15, 775

14,424
14, 983
16, 243

14, 308
19, 845
23, 028

5 105, 179
5 79, 338
« 100, 984

5 5106, 271
77, 944
5 82,625

+1.0
-1.8
-18. 2

60, 439

60, 313

59, 692

52, 915

46, 519

4,095
97
109

4,015
95
97

3,468
82
60

3,178
78
55

3,471
79
77

3,635
87
65

3,987
95
46

31, 776

30, 267

-4.7

543

620

+14.2

3,456

3,051

3,053

3,142

3,196

3,603

3,542

i*

Cast-Iron Boilers and Radiators
Round boilers:
Production
thous. of Ibs. _ 23, 719
19, 352
Shipments
thous. of lbs._
New orders
thous. of Ibs.. 17, 627
Stocks, end of month
thous. of lbs._ 106, 225
Square boilers:
Production
.thous. of lbs._ 20,442
Shipments
thous. of Ibs.. 16, 164
New orders.
thous. of lbs._ 15, 610
Stocks, end of month
thous. of lbs_. 105, 300
Radiators:
Production.. thous. sq. ft. heating surface. . 15, 326
Shipments- ..thous. sq. ft. heating surface. - 10, 594
New orders. -thous. sq. ft. heating surface-- 10, 873
Stocks, end of
month
thous. sq. ft. heating surface.. 53, 598

5

8

Crude Steel
Steel ingots, production:
United States, total
thous. of long tons..
Ratio to capacity
per cent..
Canada
_ thous. of long tons
U. S. Steel Corporation:
Unfilled orders,
end of month
thous. of long tons. .




« Re vised.

+9.2 -12.9
+1.3 -16.8
+40.0 +67.4
+1.7

« C u mulative t hrough Ju Iy3i.

-9.8

26

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

May

July

June

August

July

CUMULATIVE TOTAL Per ct.
inFROM JANUARY 1
THROUGH AUGUST 31 crease

PER CENT INCREASE (+) OR
DECREASE (— )

1926

August, August,
1927,
1927,
from
from
July, August,
1927
1926

August

1926

1927

(+)
or decrease
( _)
cumulative
1927
from
192'i

IRON AND STEEL—Continued
Crude Steel— Continued
Steel castings:
Production—
81, 422
83, 198
81, 950 < 82, 118 « 75, 551
87, 040
Total
_
..short tons. . 90, 370
< 57
68
62
62
61
66
63
Ratio to capacity
per cent
30,538 < 29, 679
36, 693
31. 659
29, 774 1 30, 694
26, 088
Railroad specialties
short tons..
55, 334
53, 877
50, 291 < 51, 580 4 45, 872
53, 424
56, 346
Miscellaneous
_ _ .short tons..
New orders—
61, 369 1 76, 276
68, 127
66, 736 < 84, 675 < 72, 012
Total__
short tons. . 78, 352
54
51
59
50
64
58
46
Ratio to capacity
per cent24, 644
34, 702 4 29, 979
22, 998
29, 266
20, 220
Railroad specialties- _
.short tons. . 31,004
41, 149
45, 129
47, 348
42, 092 * 49, 973 4 42, 033
47, 010
Miscellaneous
short tons..
Sheets, blue, black, galvanized, and full finished:
Production239, 764
293, 703
316, 100 309. 360 300. 706 237, 243 266, 645
Total
short tons
80.2
103.1
98.7
95.9
77.3
92.0
Ratio to capacity
per cent
80.3
Stocks, end of month154, 374
168, 155
147, 862
173, 986
153, 962
169, 315
Total
short tons.. 169, 977
44, 538
46, 031
44, 988
46, 901
45, 670
54, 553
47,860
Unsold
short tons _
281, 395 252, 034 266, 713
264, 025
281, 602
Shipments..
short tons.. 300, 858 302, 759
292, 965 212, 337
352, 414
224, 321 230, 715
177, 647
283, 055
New orders
short tons
520, 281
399, 562 353, 413 312, 662
521, 837
Unfilled orders, end of month, .short tons.. 491, 290 439, 067
Steel barrels:
578, 223 615, 152
585, 734
594, 782
588, 077
523, 037
Production
barrels.. 599, 771
51.3
47.7
52.2
53.1
Ratio to capacity
per cent-53.8
56.2
41.0
593, 611
605, 123
576, 602
575, 712
610, 454
511, 542
Shipments
_
barrels . 609, 090
53, 715
38, 874
52, 094
62, 435
57, 413
50, 369
Stocks, end of month
barrels. . 50, 070
Unfilled orders, end of month
barrels. .1,365,555 1,197,894 1, 198, 839 1, 346, 688 1, 106, 604 1, 293, 601 1, 170, 998
Iron, steel, and heavy hardware:
183
165
202
Sales index
index number
168
199.
198
Wholesale prices:
35.00
33.00
33.00
Steel billets, Bessemer.. dolls, per long ton..
33.25
33.00
33.00
35.00
37.69
36.62
36.43
36.24
37.61
Iron and steel
dolls, per long ton_.
36.76
36.76
2.64
2.54
2.53
2.55
2.54
2.64
Composite steel
dolls, per 100 lbs__
2.53
1.85
1.95
1.78
Structural steel beams. -dolls, per 100 lbs._
1.95
1.90
1.90
1.80
Steel sheets, Youngstown
3.00
3.25
district
dolls, per 100 lbs_.
3.03
3.00
Steel Products
Structural steel, fabricated:
New orders (prorated)
short tons. .
Ratio to capacity
per cent-Shipments (prorated)
short tons
Ratio to capacity
..per cent..
Steel plate, fabricated, new orders:
Total. _
short tons..
Ratio to capacity
per cent. .
Oil-storage tanks...
short tons..
Iron and steel:
Exports
long tons
Imports
..long tons
Steel furniture:
Business group —
Shipments
thous. of dolls
New orders
thous. of dolls
Unfilled orders, end mo thous. of dolls ..
ShelvingShipments
thous of dolls
New orders
thous of dolls
Unfilled orders, end mo -thous. of dolls ..
Steel boilers, new orders:
Total
number..
Area
thous. of sq. ft_.

!

+10.1
+10.5
+0.3
+16.5

+2.2
+3.3
+14.1
-3.5

-14.8
-14.8
-32.6
-2.1

766, 929

680, 854

-11.2

301, 722
465, 207

263, 359
417, 495

-10. a

-9.9
-9.8
-12.1
-8.8

696, 731

639, 267

-8.2

266. 430
430, 301

260, 438
378, 829

-2.2
-12.0

+12.4
+0.1

-9.2
-12.7

2, 308, 595

2, 328, 421

+0.9

+9.7
+22.5
+5.8
-23.0
-11.5

+14.5
+21.3
-5.3
-37.2
-40.1

2, 308, 050
2, 110, 054

2, 242, 626
1, 987, 193

-2.8

+6.4
+9.6
+5.9
+6.9
-17.8

+17.6
+37.1
+19.3
+14.0
-5.5

4, 533, 760

4 585,126

4, 529, 491

4, 574, 503

00
-0.5
0.0
+1.1

-5.7
-3.6
-4.2
-7.7

+1.0

-6.8

-22.4
-22.4
+12.3
+12.3

-5.0
-5.0
+5.1
+5.1

1,742,640

1, 803, 060

+3.5

1, 904, 820

1, 704, 483

-10.5

-12.7

C

Q

+ 1-1

^+i. o
n

t- fc.;

238, 500
75
209, 880
66

206, 700
65
213, 060
67

203, 520
64
232, 140
73

311, 640
98
232, 140
73

241, 680
76
260, 760
82

219, 420
69
263, 940
83

254,400
80
248, 040
78

47, 347
58.9
18, 019

37, 883
47.1
10, 855

^ 28, 811
435.8
7,402

4 35, 326
43.9
17, 199

48, 277
60.1
29,391

37, 158
45.1
12, 827

51,045
61.9
21,723

+36.7
+36.9
+70.9

-5.4
-2.9
+35.3

337, 223

348, 548

+3.4

99, 490

154, 318

+55.1

192, 339
42, 550

202, 708
55, 836

184, 364
49, 599

190, 502
39, 543

175, 637
51, 596

194, 717
61, 795

171, 588
75, 248

-7.8
+30.5

+2.4
-31.4

1, 394, 888
683, 725

1,498,007
360, 563

+7.4
-47.3

2,850
2,751
1,646

2,529
2,381
1,598

2,520
2,369
1,469

2,040
2,092
1,507

2,475
2,382
1,412

2, 150
2,284
1.669

2,343
2,299
1,638

+21.3
+13.9
-6.3

+5.6
+3.6
-13.8

20, 757
20, 953

20,911
20, 655

+0.7
-1.4

678
622
627

585
686
731

658
638
710

566
535
<679

604
592
669

531
601
602

546
605
662

+6.7
+10.7
-1.5

+10.6
-2.1
+1.1

4,904
4,906

4,945
4,998

+0.8
+1.9

1,551
1,501

1,419
1,355

< 1, 540
« 1, 366

1, 516
* 1, 778

1.512
1,557

80, 158
64, 493
7,501
37, 562

79, 825
64, 892
8,355
43, 322

1,497
1,511
3,482

1,374
1,498
3,350

1,409
1,597
3,044

149.0
153.9
124.9
145.3

167.6
176.2
123.0
137.7

158.5
158.5
158.8
127.8

619, 999
599, 921
899, 399

638, 599
659, 913
908, 393

97
43, 601
127
135
198

4

—0.3
-12.4

11, 073
11,618

Machinery
Washing machines, shipments:
Total
number.. 94, 725
Electric
number
78, 993
Water systems, shipments
units,.
6,380
Pumps, pitcher, hand, etc., shipments.. units. . 47, 430
Steam, power, and centrifugal pumps:
New orders
thous. of dolls
1,405
Shipments
.thous. of dolls ..
1,565
Unfilled orders, end mo
thous. of dolls..
3,525
Agricultural machinery and equipment:
Shipments—
Total
index number. .
152.3
Domestic
index number..
154.8
Foreign. _
index number..
139.2
Production
index number
145.9
Foundry equipment:
New orders
dollars
601,941
Shipments
.
dollars. _ 714, 192
Unfilled orders, end of month
dollars.. 1, 073, 713
Stokers, mechanical:
77
New orders
number..
New orders
horsepower
26, 249
Machine tools:
New orders
index number..
126
Shipments
index number..
138
Unfilled orders, end of mo.index number. .
216
4
Revised.




70, 260
58, 009
7,586
38, 752

5
59,7038
5

85, 799
69, 762
7,830
51, 874

84, 912
70, 592
7,578
46, 000

1,594
1,611
3,586

1,947
1,919
3,606

173.4
166.1
210.1
128.5

156.4
162.5
124.5
140.1

154.3
141.8
219.7
131.6

+9.4
+4.8
+32.3
+0.5

+12.4
+17.1
-4.4
-2.4

415, 089
547, 728
926, 561

489, 805
509, 387
667, 124

378, 163
448, 390
411,119

391, 935
384, 924
422, 148

+18.0
-7.0
-28.0

153
54, 804

136
41, 504

160
60, 977

125
50, 494

104
38, 852

+17.6
+46. 9

139
142
200

129
100
216

4

8,596
39, 969

+13.3
+3.1

5 548, 267
« 449, 177
54, 010
341, 771

-8.2
-6.7
+2.6
-13.8

11, 094
10, 248

55 10, 509
10, 251

-5.3
0.0

+25.0
+32.3
+58.0

3,408,247
3,461,558

5, 103, 225
4, 809, 540

+49.7
+38.9

+53.8
+56.9

' 965
398, 657

912
358, 696

-5.5
-10.0

+13.4 1
-13.1
I
i

167 +31.8
173
170
146
118
130 +18.0
277
278
308 +28.7
s Cumulative through July 31.

+1.8
-9.2 i
-9.7 i

481, 332
52, 638
396, 487

5
5

27

TREND OF BUSINESS MOVEMENTS—Continued
1927

The cumulatives shown are through
August, except where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 123 of the
August, 1927, "Survey"

April

May

June

PER CENT INCREASE (+) OR
DECREASE ( — )

1926

July

August

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

1926

1927

Per ct.
increase
or de^
crease
(-)
cumulative
1927
from
1926

IRON AND STEEL— Continued
Machinery— Continued
Electric industrial trucks and tractors:
Shipments, domestic—
Tractors __
_. number of vehicles
All other types
number -of vehicles..
Exports
number of vehicles..
Fire-extinguishing equipment, shipments:
Motor vehicles
number..
Hand types
number

12
89
4

19
77
10

20
97
23

12
73
5

3
86
2

15
95
1

14
81
2

-75.0
+17.8
-60.0

-78.6
+6.2
0.0

126
767
52

93
705
78

-26.2
-8.1
+50.0

121
46,965

127
55, 281

144
57, 494

110
45, 527

124
47,601

142
54, 234

154
50, 659

+12.7
+4.6

-10.5
-6.0

954
427,426

933
394, 641

-2.2
-7.7

3,554
50
124

4,524
86
65

3,137
44
76

3,078
50
47

3,815
46
67

3,334
49
37

4,254
39
78

+23.9
-8.0
+42.6

-10.3
+17.9
-14.1

30, 555
445
409

28, 352
419
577

-7.2
-5.8
+41.1

313, 584 < 263, 239 4 303, 040
273, 718 < 4233, 384 4 4271, 325
* 39, 866
29, 855
31, 715

354, 394
317, 006
37, 388

422, 294
380, 282
42, 012

+15.1
+16.3
+6.2

-28.2
-28.7
-24.5

3, 082, 569 2, 593, 154
2, 767, 706 2, 283, 387
309, 767
314, 863

-15.9
-17.5
-1.6

PATENTS ISSUED
Total, all classes
Agri cultural implements.
Internal -combustion engines

number..
number _
number _ .

AUTOMOBILES
Production:
United StatesTotal
number of cars . 4 397, 780
Passenger cars
number of cars. . 353, 223
Trucks
number of cars.. * 44, 557
Canada—
Total
number of cars_. 24, 611
Passenger cars
number of cars _
20, 890
Trucks
number of cars
3,721
Exports:
Assembled —•
Total
number of cars _
46, 703
Passenger cars
number of cars.. 34, 840
Trucks
number of cars.. 11,863
From Canada—
Total
.
number of cars
4, 075
Passenger cars
number of cars _
2,930
Trucks
number of cars
1, 145
Foreign assemblies
number of cars
22, 264
Sales, passenger cars and motor
cycles
_
.thous. of dolls.. 181, 170
Shipments (General Motors Co.):
To dealers
number of cars
169, 067
To users
.
number of cars. _ 180, 106
Accessories and parts:
ShipmentsOriginal equipment _
.index no_.
185
Replacement parts
index no _ .
117
Accessories
index no _ .
156
Service parts
index no__
223
Exports
..
thous. of dolls . 10, 609
Rim production
thous. ofrims..
2,060
New passenger-car registrations:
Total
number of cars-- 327, 599
Highest price group
number of cars
16, 136
Second highest group
number of cars.. 73, 850
Third highest group
number of cars.. 75, 312
Lowest price group
number of cars
161,469
Miscellaneous.
number of cars..
832

395, 674
352, 428
43, 246

4

25, 708
21, 991
3,717

19, 208
16, 470
2,738

10, 987
8,719
2,268

12, 526
10, 139
2,387

15, 208
12, 953
2,255

15, 285
12, 782
2,503

+14.0
+16.3
+5.2

-18.1
-20.7
-4.6

155, 371
128, 442
26, 929

150, 321
124, 503
25, 818

-3.3
-3.1
-4.1

49, 052
38, 542
10, 510

27, 629
20, 815
6,814

28, 604
19, 398
9,206

32, 059
23, 294
8,765

22, 486
17,077
5,409

20, 272
16, 130
4,142

+12.1 +58.1
+20.1 +44.4
-4.8 +111.6

204, 859
159, 637
45, 222

284, 933
210, 351
74, 582

+39.1
+31.8
+64.9

5,588
3,901
1,687
24, 490

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

3,247
2,059
1,188
4 17, 969

4,634
3,020
1,614
15, 046

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

3,045
2,448
597
11,647

+42.7 +52.2
+46.7 +23.4
+35.9 +170. 4
-16.3 +29.2

45, 894
32, 435
13, 459
125, 613

43, 966
30, 404
13, 562
152, 743

-4.2
-6.3
+0.8
+21.6

254, 707

215, 957

160, 767

237, 931

173, 182
171, 364

155, 525
159, 701

136, 909
134, 749

155, 604
158, 619

87, 643
101, 576

134, 231
122, 305

+13.7
+17.7

+15.9
+29.7

857, 961
844, 071

1, 175, 990
1, 133, 849

+37.1
+34.3

184
123
131
192
9,817
2,169

176
130
132
171
8,152
1,872

148
142
97
136
9,973
1,680

155
169
115
134
9,741
1,826

135
117
127
142
7,527
2,123

157
120
131
166
5,705
2,379

+4.7
+19.0
+18.6
—1 5
-2.3
+8.7

-1.3
+40.8
-12.2
-19.3
+70.7
-23.2

59, 973
17, 696

74, 132
14, 930

+23.6
-15.6

314, 988
13, 732
67, 334
72, 569
160, 704
649

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

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

4 331, 386
4 12, 477
4 58, 728
4 68, 363
4 189, 591
4 2, 227

303, 757
10, 600
63, 703
59, 355
168, 920
1,179

5 2,063,
931 s 1,768, 102
5
84, 812
« 78, 720
5 403, 463 s 388, 651
s 418, 576 * 407, 831
5 1,143, 519 s 888, 066
«4,834
5 13, 561

-14.3
-7.2
-3.7
-2.6
-22.3
-64.4

71, 613
82, 132

69, 539
77, 847

65, 545
75, 029

67, 138
78,030

72, 228
76, 479

72, 014
77, 613

+2.4
+4.0

-6.8
+0.5

577, 440
637, 159

559,671
644, 727

-3.1
+1.2

125, 581
139, 114
69, 779
38, 394

113, 233
118, 133
134, 243 * 132, 186
63, 465
61, 965
42, 592
42,833

119, 786
135, 235
71, 736
46, 571

119, 020
124, 483
76, 352
35, 300

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

+1.4
+2.3
+15.8
+9.3

-7.1
+5.2
-14.6
+23.4

941, 198
1, 041, 257
613, 627
300, 050

985, 287
1, 089, 061
564, 521
343, 667

+4.7
+4.6
-8.0
+14.5

108, 079
242, 074
.1262

104, 388
96, 360
257, 823 4 250, 957
.1237
.1253

93, 654
253, 418
.1297

64, 940
277, 888
.1392

66, 658
260, 186
.1417

-10.3
+1.0
+3.5

+40.5
-2.6
-8.5

231, 868
222, 555
105. 09

212, 055
173, 145
104. 09

229, 923
207, 013
103. 65

174, 145
188, 203
106. 78

176, 794
214, 370
106. 23

+35.6
+19.6
+0.5

+30.1
-3.4
-2.4

1, 729, 000
1, 735, 999

1, 870, 529
1, 640, 664

+8.2
-5.5

6,895

7,630

5,870

+15.9

+17.5

53, 615

50, 175

-6.4

14,487
13, 777
13, 352
-5.8
2,201
3,014
1,829 +10.9
8,560
7, 941
5,132 +50.7
.6352 1
. 6137
+1.4
.6388
* Cumulative through July 31.

+8.5
+20.3
+66.8
-0.6

52, 606

50,254

-4.5

!

NONFERROUS METALS
Copper
Production:
Mines
short tons
71, 122
Smelter.
__ _
short tons.
80, 940
Refined (North and South
America)
short tons
125,796
World production, blister
short tons.. 135, 729
Domestic shipments, refined
short tons
73, 976
Exports
short tons.. 46, 908
Stocks (North and South America) :
Refined
..short tons.. 99, 256
Blister.
.
short tons. . 249, 834
Wholesale price, electrolytic
dolls, per lb_.
.1281
Copper Products
Plumbing fixtures:
New Orders, tubularQuantity
Value
Wholesale price, 6 pieces

number
dollars-dollars

184, 377
197, 545
105. 29

169, 498
173, 041
103. 17

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




long tons

6,720

6,070

5,735

5,950

long tons.. 13,849
long tons
1,704
long tons
6,228
dolls, per lb_.
.6607
* Revised.

14, 655
1,604
6,029
.6394

15, 638
1,519
5,139
.6423

15, 377
1,984
5,682
.6263

28

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

CUMULATIVE TOTAL Per ct.
inFROM JANUARY 1
THROUGH AUGUST 31 crease
(+)
or decrease
(-)
cumu1926
1927
lative
1927
from
1926

PER CENT INCREASE (+) OR
DECREASE (— )

192C

!

April

May

June

July

August

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

i

NONFERROUS METALS— Continued
Zinc
Retorts in operation, end of month _ .number
Per cent of total
per cent
Production
short tons
Stocks, end of month
short tons _
Ore, Joplin district:
Shipments
short tons _
Stocks, mines, end of month _ _ .short tons..
Price, slab, prime western
dolls, per lb_.

48, 403
22, 986

+0.4
—1.9
i
+2.9
81, 76l
18, 164 -12.0

-5.3
+90.4

419, 464

414, 064

-1.3

61, 749
24, 934
.0634

73, 409
20, 776
.0741

+4.5
67, 736
19, 250 -19.1
+1.8
.0738 !

-8.8 !
+29 5 !
-14.1

555, 790

452, 900

-18.5

57, 059

56, 423

56, 624

58, 071

-1.1

-2.8

464, 050

464, 013

0.0

6,169
63, 114

8,540
63, 721

82, 896
514, 798

68, 510
522, 078

-17.4
+1.4

.0668

10, 505 +38.4
59, 303
+1.0
56, 530
111,429
.0891 +5.4

-18.7
+7.4

165, 589
.0634

11, 566
69, 965
53, 414
118,697
.0850

4,855
830
4,025

4,605
1,442
3,162

5,497
1,717
3,780

5,469
1,339
4,130

5,744
1,354
4,390

45, 459
10,316
35, 142

41, 233
9,404
31, 828

-9.3
-8.8
-9.4

1,003
1,155

1,163
1, 363

374
2,954

166
2,947

5

3, 374

5 8, 087 +139. 7

5

2, 718

5 5, 915 +117.6

81, 096
59.3
51, 626
41, 208

78, 057
57.0
51, 296
42, 046

80, 047
57.8
49, 718
43, 858

76, 519
58.2
47, 627
39, 323

76, 851
57.1
49, 012
34, 587

71, 077
21, 536
.0634

44, 222
27, 984
.0608

31,16735, 677
.0621

59, 104
30, 813
.0623

60, 193

57, 285

12, 602
76, 452
60, 134
160, 437
.0713

7,581
63, 518
56, 942
175, 230
.0662

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

thous. of Ibs
thous. of Ibs
thous. of Ibs.-

4,812
950
3,862

4,946
971
3,975

short tons
short tons..

1,075
2,208

905
1,432

Lead
Production
short tons
Ore shipments:
Joplin district
short tons
Utah
.
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. per lb_.

4

4

58, 391

83, 980

84, 584

-9.1

-25.0

Babbitt Metal

Consumption:
Total apparent
Direct by producers
Sale to consumers

Arsenic
Crude:
Production
Stocks, end of month .
Refined:
Production
Stocks, end of month

short tons..
short tons..

925
2,059

683
1,718

789
1,266

765
789

271
3,523

495
3,002

+19.4
+19.1
+19.5

A

O

+26^8
-13.9

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

5
790, 564 51,050,350
s 820, 204 51,070, 854

+32.9
+30.6

5
5

5 245, 974
241, 059

-28.9
-28.4

846, 168

794, 834

-6.1

889, 551

805, 674

-9.4

+0.3
-2.8
+2.8

957, 465

871, 851

-8.9

975, 684

889, 240

-8.9

+14.5
-5.1
+9.5

+4.2
-15.3
+0.2

948, 128

903, 946

-4.7

969, 419

916, 220

-5.5

51, 559
145, 143
55, 657

+17.9
-6.5
+4.5

+2.0
-14.5
-8.4

416, 702

386, 278

-7.3

440, 695

379, 694

-13.8

73, 640
160, 665

61, 991
155, 423

-11.0
-1.1

-37.4
-23.7

71

77

_

dozens
dozens _

183, 812
198, 711

159, 178
133, 387

110, 909
119, 724

124, 264
128, 816

108, 631
119, 663

127, 366
134, 323

..
_

dozens .
dozens. .

30, 423
33, 785

33,011
29, 900

48, 849
46, 357

30, 712
31, 832

38, 779
41, 652

44, 700
44, 911

99, 993
175, 728
98, 762

104, 953
158, 014
109, 224

110, 278
132, 469
108, 429

104, 680
122, 609
111,119

110, 204
120, 983
106, 535

113, 427
149, 829
112, 629

114, 748
139, 964
113,835

+5.3
-1.3
-4.1

-4.0
-13.6
-6.4

111,301
255, 264
107, 102

109, 206
243, 959
116,205

115,371
212, 933
112, 893

4

107, 342
225, 684
118, 506

122, 830
212, 851
123, 292

117, 973
238, 556
118, 963

122, 523
219, 086
119,924

+14.4
-5.7
+4.0

114,302
318, 391
115, 254

112, 461 * 121, 808
303, 586 44 260, 733
114, 797
118, 391

4
4
4

111,338
244, 407
116, 920

127, 462
231, 848
128, 072

117,263
284, 432
117, 705

122, 294
273, 590
127, 758

49, 018
129, 823
43, 020

49, 844
135, 726
46, 937

53, 401
4
131, 536
450,421

4

44, 598
4
132, 806
4
48, 777

52, 569
124, 154
50, 967

48, 162
151, 854
49, 432

44, 405
102, 664

46, 666
117, 488

4

43, 613
119, 945

38, 829
118,593

Enameled Ware
Baths:
Shipments
number..
Stocks, end of month
number,.
New orders
. . number.
Lavatories:
Shipments
_
.number
Stocks, end of month
number..
New orders
number
Sinks:
Shipments
_
._
.number. _
Stocks, end of month
_ number
New orders.. _
_
number..
Miscellaneous sanitary ware:.
Shipments
number
Stocks, end of month. _
number __
New orders. .
. number _
Unfilled orders, end of month:
Baths
number
Small ware
.
. number..
Household ware:
Furnaces operating
per cent of total
Enameled sheet-metal ware, shipments:*
Total
dozen pieces
Porcelain flat ware:
New ordersTotal
thous. of sq. ft
Ratio to capacitv
..per cent.
Shipments —
Total.
thous. of sq.ft..
Ratio to capacity
per cent--

4

42, 164
112, 921

4

4

346, 079
336, 880

5

79

80

80

337, 181

318, 071

292, 358

248, 893

5,764
45

5,347
42

5,935
47

4,668
37

6,668
53

5,573
44

5

39, 957

5

6,596
52

6,253
49

6,749
53

6,040
48

5,723
46

6,052
48

6

43, 242

5 45, 140

dollars.. 429, 411
- dollars
162, 103
dollars. _ 246, 168
dollars. . 21, 140

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

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

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

482, 765
176, 985
286, 553
19, 227

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

3, 995, 873
1, 476, 791
2, 355, 432
163, 650

3, 473, 452
1, 303, 263
2, 000, 719
178, 470

-13.1
-11.8
-15.1
+9.1

...dollars.. 88, 755
96, 438
72, 846
134, 550
dollars
148, 789
132, 927
dollars
44, 526
47,066
thousands*,.
3,358
3,391
3,107
1,121
thousands*..
1,502
2, 123
thousands*..
2,107
1,218
1,508
5
Cumulative through July 31.

42, 402
131, 293
400, 398
1,864
635
1,030

75, 630
154, 041
43, 694

86, 986
145, 616
51, 872

5
635, 998 3 589, 388
1,058, 098 4 * 953, 431

-7.3
-9.9

Band Instruments
Shipments:
Total
Cup mouthpieces
Saxophones
Wood wind

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

+18.1
+23.6
+16.2
-2.3

+3.2
+2.3
+4.0
+3.2

42, 132

+5.4
+4.4

Electrical Equipment
Electrical porcelain, shipments:
Standard
.
Special
High tension
Glazed nail knobs
Unglazed nail knobs
Tubes
4
Revised.




5

* See table on p. 21 of the September, 1927, issue for earlier data.

29

TREND OF BUSINESS MOVEMENTS—Continued
1937

PER CENT INCREASE (+) OR
DECREASE ( — )

1936

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

May

July

June

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

August, August,
1927,
1927,
from
from
July, August,
1927
1926

1926

July

August

613, 645

765, 810

5

3,897, 413

740, 424
876, 257

792, 613
876, 297

5
5

6, 113,548
6, 189, 032

278
162, 594
128, 331

293
171,871
130, 234

273
165, 773
150, 419

+21. 4
+54.7
+30.9

+1.8
-1.9
-14.7

729
483
2,278

860
1,378

982
777

+7.4
-29.9
— 17 0

-25.8
-37.8

889
43
3, 020
113, 716

902
42
2,711
133, 813

1927

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

NONFERROUS METALS— Continued
Electrical Equipment— Continued
Laminated phenolic products,
shipments.
dollars.. 510, 548 496, 592 592, 366 636, 716
Motors:
New orders
dollars
831, 274
810, 424
736, 679
736, 081
Billings (shipments)
dollars
753, 547
859, 582
776, 866
737, 349
Electric hoists:
New orders —
Quantity
number..
284
330
285
229
Value..
_
dollars.. 138, 829 171, 192 128, 313 105, 103
Shipments
_
_
dollars.. 138, 510 124, 729 129, 810
98, 020
Welding sets, new orders: *
Single operator. _
units
153
136
139
118
Multiple operator
units
12
7
12
8
Electric overhead cranes:
Shipments
.thous. of dolls
909
671
801
679
New orders
thous. of dolls..
964
660
689
487
2, 746
Unfilled orders, end mo
thous. of dolls..
2,772
2,555
2,643
Outlet boxes and covers, shipments
pieces.. 1, 960, 806 2, 332, 608 2, 285, 533 1, 936, 639
Vulcanized fiber:
Shipments —
734
Total
thous of dolls
796
719
736
Hollow ware thous of dolls
46
85
57
66
Consumption
thous of Ibs
2,701
2,465
2,256
2,570
Industrial reflectors, sales
units
107, 384
115, 111
123, 080
117, 156
FUELS

5

3,675, 335

-5.7

5, 617, 106
5, 367, 135

-8.1
-13.3

2,444
1, 350, 839
1, 324, 409

2,228
1, 132, 723
1, 025, 909

-8.8
-16.1
-22.5

7,795
7,873

6,492
5,615

-16.7
-28.7

5 5,5 431
390
18, 304

-17.2
+10.2
-14.o

351, 971
5 9, 654
11,577

-1.5
+17.1
-21.2

5

5 6,5 561
354
s 21, 426

5

0

j

Coal and Coke

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

34, 674
1,315
1,258

35, 395
1,3C5
1,368
332

345
3,290
7,693

36, 627
1,443
1,694

4

3, 254
7,724
6,442
249

6,557
253

4

33, 637
1,229
1,531

41, 705

351

43, 472
1,350
3,240

1,278

357

335

3, 227
7,225

3,318
7,184

6,079
239

5, 993
231

6,034
247

46, 352
1,341
3,548
4

641
4

711

+24.0

-10.0

-16.5

-64.0

+4.8

-50.6

3,451
7,873

6,915
236

6,574
250

+0.7
+6.9

-8.2
-1.2

2.12

1.99

1.85

1.86

2.07

1.91

2.00

+11.3

+3.5

3.64
8.98

3.64
9.12

3.64
9.09

3.64
9.16

3.39
8.27

3.39
8.32

0.0
+0.8

+7.4
+10.1

8, 002
305

7,257
304

5, 028
228

7,749
280

8,371
390

8,171
395

+54.1
+22.8

-5.2
-29.1

10.58

10.58

10.77

10.80

10.84

11.48

11.47

+0.4

-5.5

13.50

13.54

13.79

13.79

13.79

14.50

14.50

0.0

-4.9

780
3, 707
170
50

630
3,792
174
50

577
3,598
166
59

467
3,658
159
58

487
3,665
169
55

4
818
3, 742
166
75

+4.3
+0.2
+6.3
-5.2

-40.5
-2.1
+1.8
-26.7

3.49

2.94

3.17

3.04

3.08

3.14

+1.3

-1.9

7,131
201

4

4

4

4
856
3, 771
158
81

4

2.94

78, 333

77, 998

67,009

-0.4

+16.4

324, 930

333, 673

4

278, 672

4

277, 959

+2.7

+20.0

288, 385
36, 545

295, 643
38, 030

4

242, 313
36, 359

4

240, 977
36, 982

+2.5
+4.1

+22.7
+2.8

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

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

33, 548
88, 092
5, 185
4
67, 335
4
1, 856
2.050

32, 149
87, 772
5,332
4
67, 589
4
1, 858
2.050

-8.1
+0.3
+29.8
-1.0
-12.2
0.0

-27.6
+4.8
+17.4
+5.4
-39.7
-43.7

28, 118
3,119
3,097
29, 784
39, 069
.190
.149
388, 314

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

25.504
2, 629
3,593
24, 719
38, 259
.210
.197
369, 878

25, 942
2,664
3,430
4
26, 856
34, 421
.210
.197
377, 467

-0.4
+3.0
+32.4
0.0
-14. 4
-7.9
0.0

+8.0
+20.6
+19.6
+10.9
-2.8
-16.7
-24.4

4

65, 168

4

357, 330
s 8, 245
14, 687

2,730

-27.6

23, 713
55, 733

+2.0
-3.2

55, 556
1,920

50, 763
1,952

-8.6
+1.7

52, 557
2,133

53, 678
1,879

+2.1
-11.9

8,871
29, 516
1,258
604

5,372
29, 434
1,344
436

-39.4
-0.3
+6.8
-27.8

492, 912

594, 387

+20.6

42, 142
506, 812
11, 997

36, 853
550, 622
10, 589

-12.6
+8.6
-11.7

194, 294
20, 674
28, 819
172, 807

216, 978
25, 165
29, 214
195, 915

+11.7
+21.7
+1.4
+13.4
••&

52,019,721 ,52,124,433

+5.2

3,769
5
5

5 23, 240
5
57, 572

3, 362
7, 644

3.64
8.89

Crude petroleum:
Production
thous. of bbls
72, 590
76, 275
74,538
Stocks, end of monthTotal (comparable)
thous. of bbls.. 297, 895 307, 016 315, 702
Tank farms and pipe
279, 935
270, 518
lines
thous. of bbls
260, 410
Refineries
thous of bbls
35, 767
37, 485
36, 498
CaliforniaLight
thous. of bbls
27, 143
26, 898
29, 460
Heavy
thous of bbls
90, 289
90, 516
88, 383
4,019
Imports
thous. of bbls
4,063
4,557
68, 022
Consumption (run to stills). thous. of bbls.. 66, 964
70, 148
Oil wells completed
number. _
1,274
1,248
1,528
Price, Kansas-Oklahoma
dolls, perbbl..
1.114
1.155
1.155
Gasoline:
ProductionRaw (at refineries)
.thous. of bbls.. 26, 577
26, 787
26, 616
3,171
3,219
3,093
Natural gas (at plants).. thous. of bbls..
4,209
3,424
Exports
.
thous. of bbls
4,366
27,
799
Consumption
thous of bbls
23, 371
26, 579
43, 768
Stocks, end of month
thous. of bbls . 52, 379
48, 609
.194
Price, motor, New York
dolls, per gal..
.190
.190
.162
.153
.147
Retail av., wagon, 50 cities foils, per gal
Retail distribution. 21 States. thous. of gals.. 310, 708 327, 179 357, 630
s Cumulative through July 31.
* Revised.




4

i

* See table on p. 21 of the September, 1927, issue for earlier data.

30
TREND OF BUSINESS MOVEMENTS—Continued

!
1927

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

April

May

1926

June

July

August

July

August

PER CENT INCREASE (+) OR
DECREASE (— )
August, August,
1927,
1927,
from
from
July, August,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

Per ct.
increase
or decrease

1926

1927

cumulative
1927
from
1926

FUELS— Continued
Petroleum— Continued
Kerosene oil:
Production
thous of bbls
4,608
Consumption
thous. of bbls
2,776
Stocks at refineries, end mo.thous. of bbls..
8,725
Price, 150° water white
dolls. pergaL.
.079
Retail distribution, 13 States.. thous. of gals. 36, 490
Gas and fuel oils:
Production
thous. of bbls.
31,856
Consumption—
By vessels
_
. thous. of bbls..
4,204
By electric power plants.thous. of bbls..
549
By railroads
. ._ .thous. of bbls. _
3,920
Stocks at refineries, end mo thous. of bbls
23, 732
Price, Okla., 24-26, refineries. dolls, per bbl._
1.063
Lubricatingoil:
Production.
thous. of bbls.
2,615
Consumption
thous. of bbls..
1,712
Stocks at refineries, end mo.thous. of bbls. .
8,176
Asphalt:
Production
thous. of short tons.
274
Stocks, end of month.thous. of short tons..
220
Coke:
Production
thous. of short tons..
88
Stocks, end of month.thous. of short tons..
319
Wax:
Production
thons oflbs
48, 917
Stocks, end of month
thous. of lbs_. 211,019

4,663
3,188

8,568

4,308
2,695
8,567

4,484
2,637
9,038

4,420
3,389
8,373

4 2, 732

.070

.068

.099
30, 884

4,877

8,434

5,162
4 2, 729
8,196
.109
35, 982

-1.4
+28.5
-7.4
-2.9

-14.4
+24.2
+2.2
-37.6

40, 679
25, 043

36,851
24, 513

-9.4
-2.1

.076
37, 857

.072
33, 449

33, 499

31, 691

33, 693

34,098

31, 461

31, 154

+1.2

+9.4

236, 963

260, 335

+9.9

4,250

4,077
4475
3,756

4,470

487

4,244
4475
3,732

3,940

704

4 4, 126
761

+9.6
+3.8

+8.3
-35.2

26, 590
.906

30, 346
.870

+7.8
-20.6
-0.4

26, 059
.925

25, 696
1.231

26, 500
1.355

+5.0 +14.5
-3.3 -35.8

32, 638
4,608
5 27, 539

28, 890
.900

30, 273
5,807
« 27, 657

2, 571
2,197

2,672
41,811

2,752
2,004

+3.9
-4.2
+3.7

21, 457
15, 220

21, 934
14, 713

+2.2
-3.3

+1.5 +11.1
-10.3 -4.0

1,860

2,201

+18.3

3,948

2,625

493

4,062

4,084

+3.0
+10.7
-0.1

2,831
* 2, 072

7,491

7,328

2,648
2,092
7,226

335
214

340
192

281
185

306
200

95
293

90
306

95
304

83
261

89
278

+ 5.6
-0.7

+6.7
+9.4

628

735

+17.0

46, 267
207, 329

44, 938
198, 808

47, 979
191, 501

41, 576
180, 645

54, 267
156, 704

165,065

54, 441

-13.3
-5.7

-23.6
-j-9. 4

429, 923

384, 798

-10.5

37, 105

42, 372
4,516
20, 223

37, 299

55, 397

33, 299

32, 359

20, 506

33, 495

+48.5 +71.2
+37.7 +9.2
+63.3 +171.3
+20.8 +0.8
+34.2
-3.5

263, 240
30, 122
107, 664
63, 835
42, 698

290, 616
29, 070
145, 190
57, 198
41, 186

+10.4
-3.5
+34.9
-10.4
-3.5

1,928
8,011

7,628

7,496

319
223

347
232

88
329

HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of Ibs..
33, 234
Calfskins.thous. of lbs._
2,809
Cattle hides
thous. of lbs._
15, 148
Goatskins
thous. of Ibs. .
8,195
Sheepskins
thous. of Ibs..
5,113
Stocks, end of month:
Total hides and skins
thous. of lbs._ 220, 679
Cattle hides
thous. oflbs
170, 732
C alf and kip skins
thous. of Ibs. . 31, 638
Sheep and lamb skins
thous. of Ibs
18, 309
Prices:
Green salted, packers' heavy
native steers .
dolls, per lb_.
.152
Calfskins, country No. 1
dolls per Ib
.160
Inspected slaughter of livestock:
CanadaCattle and calves
no. of animals..
98, 759
Swine
no. of animals.. 209, 671
Sheep
no. of animals..
17,005
United StatesCattle
thous. of animals..
742
Calves
-.thous. of animals ..
454
Swine
thous of animals
3,330
Sheep
thous. of animals ~.
960

3,598

16, 699

8,267
6,393

7,507

6,801

4,025
5,770
4,654

174,407

232,103

35, 532
20, 985

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

.168
.,77

.195
.201

.219
.226

114, 484
212, 835
13, 790

214,616

98, 375

230, 924

785
462

21, 058
799
430

3,766

4,253

992

1,058

1,378
25, 842
60, 197
81, 719
23, 985

69, 866
81, 340
25, 349

5,544

6,973
6,245

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

5,079

12, 345
6,917

6,472

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

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

.215
.212

.142
.172

.149
.178

-1.8 +44.3
-6.2 +19.1

89, 059
148, 586
33, 03l

108, 610
161, 474
59, 505

87, 244
164, 310
30, 373

92, 541
164, 518
5i, 052

+22.0 +17.4
+8.7 -1.9
+80.1 +16.6

671,863
1, 567, 372
191, 537

720, 731
1,656,328
215, 499

+7.3
+5.7
+12.5

743
355
3,431
1,014

3,050

838
389

864
426
3,127
1,042

2,834

+3.3
+2.6
+7.6
+6.9

6,379
3,454
27, 040
8,359

6,154
3,321
29, 576
8,440

-3.5
-3.9
+9.4
+1.0

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

+3.0 +18.1

8,811
5
147, 391
5 484, 819
836. 422
173, 203

10, 682
5176,347
s 459, 267
628, 508
185, 541

+21.2
+19.6
-5.3
-24.9

-4.7

-15.8

-8.2

-34.6

9,989

6,660

-33.3

-10.7 +5.4
-4.2 -2.7
-29.9 +44.5
+2.0 +6.3

92, 725
68, 551
18, 841
5,333

94, 330
67, 969
21, 081
5,280

+1.7
-0.8
+11.9
-1.0

192, 601
4,012

+7.4
+4.8

172, 008
38, 441
21, 654

1,168

811
379

1,093

+12.8
+9.6
-11.1
+15.2

Leather

Production:
Sole leather. .thous. of backs, bends, sides. .
1,397
Finished sole and belting
thous of Ibs
25, 897
Finished upper
thous. of sq. ft-.
59, 753
Oak and union harness
stuffed sides
80, 464
Skivers
doz
22, 966
Unfilled orders, end of month:
Oak and union harness
sides
128, 446
Stocks in process of tanning:
Sole and belting
thous of Ibs
90, 794
Upper
thous of sq ft
145, 298
Stocks, end of month:
Sole and belting
thous of Ibs
65, 608
274, 983
Upper
thous. of sq. ft
Exports:
Sole
thous. of lbs_.
. 846
Upper—•
Total
thous. of sq. ft-_
13, 388
9,786
Cattle and calf....
thous. of sq. ft..
2,896
Patent
thous. of sq. ft..
706
Sheep
thous. of sq. ft..
Prices:
Sole, oak, scoured backs,
heavy Boston
dolls per Ib
.43
Chrome calf, "B" grades.dolls. per sq. ft_.
.46
Leather Products
Shoes:
* Production
thous. of pairs
28, 389
Exports .
thous. of pairs _ _
595
« Revised.




238, 983

90,395

1,352

4 1, 356
25, 576
60, 224
4 91, 819
4 22, 337

94, 301
23, 296

1,115
21, 440
64, 678
93, 896
18, 126

217, 119 4 205, 480

195, 826

240, 002

232, 545

79, 601

80, 3i3
155, 178

25,034

1,397

144, 257

91, 441
142, 181

88, 489
150, 216

151,389

66, 298
267, 949

66, 315
251, 871

65, 746
248, 819

295, 074

289, 218

95,990

521

819

820

753

l,32u

1,152

11, 725

10, 470

2,525

Il,u04
7,932
2,478

10, 953
8,181

594

2,216
879

2,023

459

3,161
862

9,937
7,576

749

1,534
827

.45
.48

.49
.48

.51
.51

.53
.51

.41
.45

.41
.45

25, 626
586

27, 497
591

27, 527
456

337

25, 052
533

7,702

7,375

+7.1

90,660

11,151

8,167

+2.7 "-5.Y
+4.3 +21.2

+3.9
0.0

+29.3
+13.3

29, 646 .
357 I -26.1

-5.6

» C amulative through J ily 31.

» 179, 359
3,830

5

31

TREND OF BUSINESS MOVEMENTS—Continued
1937

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

April

May

PER CENT INCREASE (+) OR
DECREASE (— )

1926

June

July]

August

July

August

August, August,
1927,
1927,
from
from
Julv, August,
1927
1926

CUMULATIVE TOTAL
PROM JANUARY 1
THROUGH AUGUST 31

1936

1927

« 4, 901

5 5, 618

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

HIDES AND LEATHER— Continued
Leather Products— Continued
Shoes— Continued1
Wholesale prices —
Men's black calf
blucher, Mass
dolls, per pair..
6.40
Men's dress welt, tan
calf, St. Louis
dolls, per pair..
4.85
Women's black kid, dress
4.00
welt, lace, oxford
dolls, per pair_
Gloves:
Glove leatherProduction
thous. of skins
823
Stocks (tanned)—
1,762
In process
thous. of skins
Finished
thous. of skins. . 2, 736
Gloves, cut:
Total
dozen pairs. . 219, 370
Dress and street62, 655
Imported leather
dozen pairs
Domestic leather
dozen pairs
37, 928
118, 787
Work gloves
dozen pairs

6.40

6.40

6.40

6.40

6.40

6.40

0.0

0.0

4.85

4.90

5.00

5.00

4.85

4.85

0.0

+3.1

4.00

4.00

4.00

4.00

4.00

4.00

0.0

0.0

860

837

753

588

613

1,677
2,819

1,627
2,748

1,639
2,848

1,803
2,941

1,891
2, 853

208, 924

223, 177

213, 773

183, 562

224, 583

57, 848
36, 503
114, 573

62, 219
37, 737
123, 221

57, 887
30, 720
125, 166

49, 327
30, 792
103, 443

56, 224
34, 590
133, 769

37, 677

32,810

47, 310
35, 821

53, 079
27, 399

.243

29, 289
69, 700
42, 189
.335

31, 756
72, 100
49, 841
.337

+14.6

5 1,451,227 s 1,490.250

+2.7

«5 342, 001
232, 592
5 876, 623

5 414, 795
5 245, 159
5 «30, 296

+21.3
+5.4
-5.3

269, 845

293, 444

+8.7

5 303, 044

5328,400

+8.4

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

...long tons..
long tons. -

44, 751
46, 202

47, 495
36, 518

48,415
33; 045

long tons
long tons __
thous. of Ibs
dolls, per lb_.

69, 798
73, 200
51,333
.274

70, 099
65, 700
47, 270
.300

66, 887
66, 300
48, 778
.278

41, 209
.255

thousands. .
thousands. _

4,742
9,113

4,629
9,370

4,678
9,369

3,835
8,522

3,718
7,956

4,411
7,311

5 26, 879

* 30, 175 +12.3

thousands
thousands -

4,118
171

4,069
186

4,487
222

4,316
180

4,683
76

4,973
91

524,339
5619

5 27, 822 +14.3
5 1, 281 +106. 9

thousands
thousands. .

5,536
13, 371

5,060
13, 813

4,742
13, 419

3,971
12, 028

4,301
12, 961

5,572
11, 709

5 33, 975

532,435

-4.5

thousands _
thousands

4,669
105

4,501
109

5,024
108

5,205
104

6,381
48

7,114
74

5 29, 009
M50

5 32, 124
5685

+10.7
+52. 2

thousands. _
thousands -

64
162

65
178

62
' 186

48
180

35
181

44
181

5354

5386

+9.0

thousands
thousands- _

54
5

52
4

50
6

43
5

45
3

53
4

5270
534

5329
543

+21.9
+26.5

2,319
820
1,498

2,175
955
1,206

1,865
768
1,573

2,160
712
2,047

2,458
999
954

2,940
913
1,533

5 13, 168
5 4, 383
5 5, 332

s 14, 946
5 5, 669
5 9, 179

+13.5
+29.3
+72.1

14, 169

16, 133

16, 341

11, 109

14, 490

6,682
6,507
47, 869

7,128
7,016
47, 516

8,833
9,303
45, 453

8,651
6,370
51, 699

9,607
7,911
49, 593

165, 680
142, 483
221, 535
19, 772

160, 192
137, 997
243, 762
17, 217

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

108, 322
127, 623
218, 795
13. 344

103, 286
136. 534
185. 548
18, 596

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

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

-4.6
+7.0
-15.2
+39.4

1,234,856
1, 227, 493

1, 105, 866
1, 121, 038

-10.4
-8.7

182, 162

144, 051

-20.9

218, 996
221. 406
39, 226
82, 536
2.75

214, 848
214, 918
39, 120
116,912
2.63

214. 816
215, 020
39, 086
109.700
2.60

198, 808
198, 068
40, 278
117, 734
2.60

220, 138
217. 870
40, 254
119, 121
2.60

217, 150
213, 550
45, 710
129, 237
2.95

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

+10.7 -0.8
+10. 0 -2.4
-0.1 -11.7
+1.2
96
5.5
0.0

1. 772, 548 1. 739, 240
1, 777, 792 1, 733, 770

-1.9
-2.5

886, 312

-4.8

128, 046
171, 819
186, 268

125, 837
171, 586
169, 536

118, 929
162, 564
157, 325

127, 129
180, 175
154, 667

140, 606
163, 037
147, 584

139, 035
162, 545
151. 144

+6.9 -8.6
+10.8 +10.8
-1.7
+2.3

1, 123, 658 1, 021, 365
1, 219, 335 1, 340, 408
1, 285. 571 1, 355, 152

-9.1
+9.9
+5.4

127. 635
170. 468

122, 930
168. 951

119, 840
159. 843

124, 402
180. 666

142, 773
161. 824

136, 318
160. 031

+3.8 -8.7
+ 13.0 +12.9

1, 117. 732 1, 004. 061
1. 214. 128 1. 322. 931

-10.2
+9.0

-12.9 +19.7

-4.7

-28.0

Tires and Tubes
Pneumatic tires:
Production
Stocks, end of month
ShipmentsDomestic
Export
Inner tubes:
Production
Stocks, end of month
ShipmentsDomestic
E xport
Solid and cushion:
Production
_
Stocks, end of month
ShipmentsDomestic
Export

Other Rubber Products
Rubber- proofed fabrics:
Production —
Total
thous. of yds
Auto fabrics
thous. of yds
Clothing fabrics,..
thous. of yds. Rubber heelsProduction. . __
thous. of pairs..
Shipments—
To shoe manufacturers -thous. of pairs. .
To repair trade
_ -thous. of pairs. .
Stocks, end of month
thous. of pairs. .
PAPER AND PRINTING
Wood Pulp
Mechanical:
Production . . . .
_ short tons
Consumption and shipments.. short tons..
Stocks, end of month
short tons..
Imports
short tons.
Chemical:
Production
__ .short tons
Consumption and shipments.. .short tons..
Stocks, end of month
short tons..
Imports .
short tons
Price, sulphite
dolls, per 100 Ibs ..

Newsprint Paper
Production:
United States
short tons
130, 917
Canada
short tons
166, 460
Consumption by publishers
short tons
186, 138
Shipmnets:
United States
short tons . 129, 691
Canada
short tons.. 168. 711
5
Cumulative
through
July
31.




-16.3
-8.7
-6.7
-30.5

930, 932

32

TREND OF BUSINESS MOVEMENTS—Continued
1927

PER CENT INCREASE (+) OR

1926

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

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

CUMULATIVE TOTAL
FROM JANUARY 1

DECREASE (— )

THROUGH AUGUST 31

August, August,
April

July

August

July

June

May

August

1927,

1927,

1927

1926

from
from
Julv, August,

1926

1927

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

147, 736

170, 545

161, 473

159, 687

167. 475

153, 865

161, 063

+4.9

+4.0

1, 199, 280

1, 273, 758

+6.2

1.073
123, 449

1,314
149, 924

1,119
159, 495

983
140, 543

1,215
163, 115

1,902
150, 778

1,206
149, 935

+23.6

+0.7
+8.8

14, 347
1. 118, 816

9,586

-33.2
+7.7

24, 105
short tons
short tons
26,389
short tons
215. 329
short tons
40, 798
dolls, per 100 lbs__
3.30

24, 233
27, 520
193, 005
43, 862
3.30

26, 549

196, 860
40, 784
3.30

27, 764
32, 282
205, 967
40, 476
3. 30

30, 335
31, 743
231, 992

16, 624
12, 963
152, 295

15. 624
165, 229

3.30

3.50

3.50

short tons..
short tons
-- short tons

28,851

40,911

31,811

19,098
36,316

+16.1

1, 204, 556

+9.3 +58.8
-1.7 +103. 2
+ 12.6 +40.4
+1.1 +12.7
0.0
—5.7
1
I

Printing
Book publication:
American manufacture
no of titles
Imported
no of titles
Sales books:
New orders
_
thous. of books
Shipments
. - thous. of books
Box Boards
Operation
thous. of inch hours
Operation
per ct. of capacity
Production
short tons
New orders - short tons
Unfilled orders end of month _ short tons
Consumption of waste paper
, .short tons
Shipments
short tons..
Stocks, end of month _- __ _ . short tons
Stocks of waste paper, end of month
tons..
On hand
tons
In transit and unshipped purchases—tons. .

819
135

693
70

588
93

723
105

11. 045
11, 167

12, 233
10, 781

11, 790
12, 707

12, 231

4

7, 760
77.6
198,710
<192,
616
4
93, 248
4
191,
427
4
200, 232
50,211 4 48, 906

7,771
74.7
205, 589
197, 435
101. 861
189, 942
209, 944

4

4

4

4

8, 200
78.9
213, 196
212,
227
4
94, 847
4
205,
537
4
210, 320
4
52, 452
4

4
4

4

8,870

4

7, 413
74.2
189, 875
2 12, 434
< 115, 097
4
180, 822
4
194, 131
4
49, 159
i

587
135

12, 739
13, 446

11, 638

13, 288
12, 625

+4.2
+51.6

8,886

8,604

9, 140
87.9
226, 337
212, 845

+19.9
+10.9

222, 403
224, 702
60, 420

+25.8

9,578

54,485
5

5

4, 904

919

5789

+9.3
-14.1

-4.1
+6.5

97, 221
93, 762

96, 674
91, 867

-0.6
-2.0

-2.8
-6.4
+2. 8
+6.8
+2.8
+2.3
+2.2
— 13 5 i

69, 185

63, 240

-8.6

1, 689, 757
1, 684, 148

1,622,819

1, 650, 320

-4.0
-2.0

I, 630, 866
1, 676, 705

1, 550, 547
1, 626, 832

-4.9
-3.0

i

606
108

82.3
232, 723
227, 397
112, 763
227, 430
229, 719
52, 283

82. 8
206, 235
219, 271
122. 202
201, 582
206, 591
59, 193

151, 094
< 51, 520

130, 503

72,087

145, 334
60, 462

195, 597
57, 285

+39.9

-13.6

-33.3
+25. 8

100, 879
73, 543

112, 984
75, 749

100, 607
64, 524

108, 656
67, 750

+12.0
+3.0

+4.0
+11.8

4
4

110,362

4-22,6

+ 7.0
-2.0

+18.3
+6.4

151, 671
43, 807

4

103, 604
71, 387

110, 856
72, 101

4

94
88
84
12

94
94
76
8

88
83
79
9

84
85
70
7

83
84
81
6

87
81
89
9

-4.5
0.0
-11.4
-22.2

-3.4
+2.5
-21.3
-22.2

93
89
89
10

87
82
68
8

80
80
77
8

88
78
76
• 8

88
87
91
13

94
91
92
13

+10.0
-2.5
-1.3
0.0

-6.4
-14.3
-17.4
-38.5

93, 419
72, 705

84, 451
73, 081

88, 818
74, 532

85, 089
76, 696

88, 818
77, 086

84, 142
67, 642

92, 546

66,211

+4.4
+0.5

40, 539
49, 446

38, 734
50, 436

37, 635
51, 695

33, 360
48, 801

37, 098 |
50, 199

36, 489
52, 104

36, 488
53, 528

99, 211
67, 589

100, 357
72, 942

100, 515
73, 897

90, 963
73, 012

104, 149
74, 714

98, 006
81, 963

776, 857 * 619, 095
351, 226 * 395, 335

702, 898
360, 366

147, 938
46, 314

149, 438
59, 289

4

|l

Book Paper
Book paper, total:
Production
.
. _ .short tons
110, 217
Stocks, end of month
short tons
66, 099
Coated book paper:
Production
per ct. of normal..
95
Shipments. ..per ct. of normal production. .
94
New orders., .per ct. of normal production. .
87
Unfilled orders, end of month _ days
10
Uncoated book paper:
Production
per ct. of normal
92
Shipments. _.per ct. of normal production..
87
New orders. .per ct. of normal production..
90
Unfilled orders, end of month
days..
10

889, 385

893, 913

+0.5

-4.0
+16.4

707, 564

716, 731

+ 1.3

+11.2
+2.9

+1.7
-6.2

310, 841

295, 773

-4.8

97, 525
77, 675

+14.5
+2.3

+6.8
-3.8

818, 634

798, 319

-2.5

666, 085
341, 950

700, 587
344, 682

+13.5
+3.2

+0.3
+4.6

5,539,839 5,448,917

—1.6

3,149,407 3, 169, 080
2,476,138 2, 534, 123

+0.6
+2.3

Other Paper
Wrapping paper:
Production
short tons
Stocks, end of month
short tons
Fine paper:
Production
short tons
Stocks end of month
short toriB
All other grades:
Production
short tons .
Stocks end of month
short tons
Total paper (inc. newsprint and box board) :
Production
short tonsStocks end of month
short tons

4

653, 902
679, 892
330, 155 « 340, 985

4
4

4
4

Paper-board Shipping Boxes
Production:
Total
Corrugated
Solid
fiber
Operating activity:
Total
Corrugated
Solid
fiber
Paper boxes:
Shipments
Pay roll

403, 165
thous. of sq. ft
thous. of sq. ft__ 322, 002
thous. of sq. ft . 81, 163

per cent of normal
per cent of normal
per cent of normal
dollars
dollars

77
76
77

406, 633
326, 474
80, 159

360, 888
290, 546
70, 342

383, 565
308, 585
74, 980

400, 806
317, 529
83, 277

403, 386
316, 039
87, 347

441, 593
348, 835
92, 758

+4.5
+2.9
+11.1

-9.2
-9.0
-10.2

75
75
76

67
68
64

68
69
66

72
76
82

77
78
75

82
83
79

+5.9
+10.1

-12.2
-8.4
+3.8

1, 128, 205 1, 060, 508 1, 128, 282 1, 018, 079
297, 680 297, 607 276, 569
296, 293

+24.2

1, 053, 531 1, 234, 541
328, 808
301, 333

1

673, 269

-,7

634, 957

i
|
7, 745, 617
2, 154, 470

7, 569, 718
2, 067, 164

-2.3
-4.1

Other Paper Products
Rope-paper sacks, shipments.. .index number-108
Abrasive paper and cloth:
85, 334
Domestic shipments
reams
16, 714
Foreign shipments
reams
Labels:
New orders
per ct. of capacity..
79.7
4
Revised.




114

118

85, 928
17, 735

81,917
15, 877

77, 655
16, 522

72.0

124.1

66.1
5

127

138

77, 756
12, 277

94,911

101.9

74.1

10, 549

Cumulative through July 31.

s 604, 056 . s 588, 834 -2.5
5 97, 823 s 113,836 +16.4
_

33
TREND OF BUSINESS MOVEMENTS—Continued
1937
The cumulatives shown are through
August, except, where otherwise noted.
Earlier data for items shown here may
be found on pages 23 to 133 of the
August, 1927, "Survey"

April

PER CENT INCREASE (+) OR
DECREASE (— )

1926

July

May

June

July

* 12, 942
5,828
150, 558

* 10, 980
4,526
154, 694

< 11, 449
4,013
150, 492

11, 820
8,347

4 14, 091
3,793
160, 732

189
189

190
189

190
< 189

187
188

197
197

August

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

August, August,
1927,
1927,
from
from
July, August,
1927
1926

1926

1927

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

BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Portland, Oreg
number
« 11, 814
Minneapolis, Minn
..number
5,895
Real estate conveyances (41 cities)
number. . 160, 088

* 417, 043
+3.2
8, 923 +108. 0
151, 418 1

-30.6
-6.5

94, 326
132,495
38, 878
38, 361
51,103,440 51,042,779

-28.8
+1.3
55

Building Costs (Index Numbers)
Building materials:
Frame house, 6-room, 1st of month
Brick house, 6-room, 1st of month. ._
Concrete factory costs (Aberthaw), 1st of following month
Building costs (Engineering News Record),
1st of following month
Building costs (A. G. C.)
Construction index:
Frame
index number-Brick, wood frame
index nurnber..
Brick, steel frame
index number-Reinforced concrete
index number

190
189

196
196

-1.6
-0.5

-4.6
-4.1

193

193

192

192

192

198

197 i

0.0

-2.5

207
201

206
200

204
200

206
199

204
199

208
198

208
196

-1.0
0.0

-1.9
+1.5

204
213
197
200

204
213
196
199

204
213
196
200

205
214
197
200

205
214
197
200

203
213
197
200

203
213
198
200

0.0
0.0
0.0
0.0

+1.0
+0.5
-0.5
0.0

+7.7

+10.7

Building Contracts and Losses
Building volume (A. G. C.) index number. .
166
Contracts awarded (36 States):
Commercial buildings
thous. of sq. ft..
12,250
Industrial buildings
thous. of sq. ft..
9,187
Residential buildings
thous. of sq. ft.47, 731
Educational buildings
thous. of sq. ft.4,515
Other public and semipublic buildings
thous. of sq. ft..
5,582
Grand total
thous. of sq. ft._
79, 722
Contracts awarded, value (36 States):
Commercial buildings
thous. of dolls. . 78,084
Industrial buildings
thous. of dolls. . 40,032
Residential buildings
thous. of dolls.. 259, 841
Educational buildings
thous. of dolls.. 34, 326
Other public and semipublic buildings
thous. of dolls. . 58, 227
Public works and utilities.. thous. of dolls. _ 113, 246
Grand total
thous. of dolls. . 583, 766
Contracts awarded, Canada — thous. of dolls.. 38, 582
Fire losses:
United States and Canada.. thous. of dolls.. 39, 724

197

212

221

238

228

215

12,499
6,062
38, 228
5,136

12,395
5,541
42,038
5,374

12, 485
5,484
34, 803
5,207

10,880
5,839
39,354
5,784

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

12, 438
6,918
39, 829
5,196

-12.5
-12.9
+6.5 -15.6
+13.1 -1.2
+11.1 +11.3

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

94,066
46, 310
3iO, 874
36, 787

-2.7
-13.2
-8.1
-0.1

7,957
70, 580

8,465
75, 231

6,465
65, 182

7,310
69, 863

4,901
66,004

7,207
72,220

+13.1
+7.2

+1.4
-3.3

43, 309
572, 142

51,374
546, 321

+18.6
-4.5

69, 183
42,869
212, 500
33, 655

82, 543
32, 985
233, 193
40, 568

81, 130
29, 043
180,840
35, 006

73, 698
40,047
201, 743
40, 144

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

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

-9.2
+37.9
+11.6
+14.7

-5.8
-37.5
-5.6
-1.9

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

635,329
300, 05i
1, 646, 462
257, 629

+9.6
-32.5
-4.1
+0.8

67,334
105, 220
530, 762
46, 759

75, 479
147, 343
612, 111
52, 229

52, 326
135, 581
513, 926
50, 881

61, 951
117,053
534, 639
29, 881

48,374
109, 436
501, 380
33,865

58, 153
119,078
574, 046
31, 696

+18.4
-13.7
+4.0
-41.3

+6.5
-1.7
-6.9
-5.7

456, 655
363,362
823, 156
704, 370
4,065,293 4, 12i, 294
272, 086
260, 105

+25.7
+16.9
+1.4
+4.6

20, 713

25, 481

24, 249

24, 300

31, 723

27,833

+0.2

-12.7

288,342

225, 471

-21.8

413, 634 455, 796
449, 794 446, 163
399,064 473, 029
471,819 467, 317
388, 511 487, 599
460,685 499, 991
1,255,002 1, 220, 663 1,070,179 1, 055, 408
72, 334
44,790
66, 790
46, 141
498
85
210
117
38.31
37.68
43.17
42.89

+10.2
+18.5
+25.5
-2.3
-7.7
-57.8
-1.6

+2.2
+1.2
-2.5
+15.7
+44.8
+79: 5
-12.1

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

3,418,193
3, 373, 985
3, 469, 780

-5.6
-9.9
-8.0

384, 282
19, 646

518, 064
2,960

+34.8
-84.9

+13.0
+4,5
6.1
+23.2
-16.4

+2.6
-0.9
+8.0
+21.0
-16.8

4, 309, 504 3,956,311
4, 464, 388 4,095,979
4, 483, 150 4, 135, 371
491, 007 . 442,863
345, 405
369, 589

-8.2
-8.3
-7.8
-9.8
-6.5

LUMBER PRODUCTS
Softwood Lumber
Southern pine:
Production (computed)
M ft. b. m._ 412,472 439,870 426, 123
Shipments (computed)
M ft. b. m__ 438,466 46U, 588 405, 744
New orders (computed)
M ft. b. m__ 433, 287 463, 831 407, 970
Stocks, end of mo. (computed) -M ft. b. m__ 1, 205, 135 1,218,391 1,208,417
Exports lumber
M ft b m
80,305
63, 216
73, 035
389
Exports, timber
M ft. b. m__
311
131
Price
flooring
dolls, per M ft. b. m
39.56
39.32
38.96
Douglas fir:
Production _ . .. -.
_M ft. b. m . 484,355 532,253 510,319
Shipments (computed)
M ft. b. m._ 565, 827 548, 369 551, 950
New orders
M ft. b. m._ 548,368 553, 741 502, 709
Exports, lumber
- M ft. b. m
46,699
59, 973
68, 544
Exports, timber
M ft. b. m__
45, 003
56, 865
47, 495
17.24
Price, No. 1 common. dolls, per M ft. b. m__
16.56
16.34
Price,flooring,1 x4 f "B" and
better, V. G
M ft. b. m
35.81
35.69
35.77
California redwood:
34, 199
Production (computed)
_M ft. b. m__
44, 692
37, 802
Shipments (computed)
M ft. b. m__
44, 278
56, 527
41, 970
New orders (computed)
M ft. b. m... 47, 394
55,619
51, 766
California white pine:
Production
. . . M ft. b. m 57, 305 114, 984 150, 098
Shipments
-M ft. b. m _ 100, 206 106, 470 115,056
Stocks, end of month
M ft. b. m__ 477, 411 482, 405 551, 687
Western pine:
Production (computed)
_ _ M ft. b. m_. 154, 742 160, 121 172, 088
Shipments (computed)
__.M ft. b. m__ 156, 237 146, 741 144, 557
Stocks, end of mo. (computed). M ft. b. m__ 1,056,021 1, 027, 541 1, 050, 042
North Carolina pine:
Production (computed)
M ft. b. m_. 49, 462
50, 204
47,649
Shipments (computed)
_ _ M ft. b. m_. 51, 191
50,918
50, 001
Northern pine:
LumberProduction
M ft b. m
42, 302
47, 379
55, 502
Shipments
...
M ft. b. m
41, 353
43, 401
45, 188
New orders
M ft. b. m.. 44, 555
44, 451
35, 045
LathProduction
thousands
9,866
13, 194
15, 722
Shipments
thousands . . 9,675
13, 634
14, 758
Northern hemlock:
16, 159
Production
_M ft. b. m._
16, 931
14,899
Shipments
M ft. b. m_. 22, 278
23,922
24, 772
4
Revised.




46.8, 240
499, 575
489, 727
52, 837
58, 441
16.51

529, 120
521, 958
519, 719
65,121
48, 864

491, 965
508, 975
532, 253
44, 531
36, 065
16.97

39.27

38.50

35, 177
36, 055
35, 147

53,977
53,022
42, 373

30, 762
37, 702
34, 135

47, 448
49, 418
45,978

+53.4
+47.1
+20.6

+13.8
+7.3
-7.8

350, 939
325, 439
346, 778

312, 875
356, 037
374, 972

-10.8
+9.4
+8.1

139, 651
109, 760
567, 809

159, 670
122, 064
603, 451

154, 409
123, 414
606, 335

171, 168
127, 671
659, 098

+14.3
+11.2
+6.3

-6.7
-4.4
-8.4

1,002,987
945, 597

766, 099
808, 397

-23.6
-14.5

* 156, 524 168, 945
175, 363
175, 005
* 132, 122 148, 290
172, 648 186, 740
11,073,739 1, 077, 869 1,180,321 1, 165, 752

+7.9
+12. 2
+0.4

-3.5
-20.6
-7.5

1, 203, 628
1, 201, 173

1, 079, 489
1, 103, 330

-10.3
-8.1

35.88

515, 690
526,434
481, 221
53, 822
58, 747
16.55

50, 190
48, 727

53, 781
52, 934

46, 347
49, 490

48, 888
47, 033

+7.2
+8.6

+10.0
+12.5

392, 609
392, 490

402, 766
406, 630

+2.6
+3.6

46, 359
40, 433
39, 203

51, 054
42, 501
36, 884

51,549
56, 490
46, 783

45, 528
49, 890
50,389

+10.1
+5.1
-5.9

+12.1
-14.8
-26.8

341, 747
375, 671
355, 433

341, 325
315, 813
295, 623

-0.1
-15.9
-16.8

13, 090
15, 229

14, 272
15, 612

15, 944
13, 422

13, 127
16,942

+9.0
+2.5

+8.7
-7.9

91, 144
100, 163

87, 265
90, 839

-4.3
-9.3

120, 798
133. 289

5 122, 869
5 144. 005

+1.7
+8.0

15, 395
21, 324

19, 905
21, 582
21, 738
23, 027
5 Cumulative through July 31.

5
5

34
TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

PER CENT INCREASE (+) OR
DECREASE (— )

1936

May

June

July

2,717
2,884
10, 915
3,042
8,114

3,127
2,987
11, 063
2,654
8,061

2,967
2,661
11,436
3,060
8,249

3,314
3,127
11, 498
2,461
7,522

2,134
3,057
15,463
3,101
7,418

August

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

1926

1927

LUMBER PRODUCTS-Continued
Hardwood Lumber
Walnut lumber:
2,547
Production.
M ft. b. m__
2,745
Shipments
- M ft. b. m_.
Stocks end of month
M ft. b. m_. 11, 093
2,978
New orders
M ft. b. m._
8,243
Unfilled orders, end of month ..M ft. b. m__
Walnut logs:
2,285
Purchased
-M ft . log measure . .
Made into lumber and
veneer
-M ft. log measure. . 2,176
1,918
Stocks, end of month.. _M ft. log measure..
Northern hardwoods:
Production
M ft. b. m__ 40,625
Shipments
M ft. b. m . 27,838
Total stocksTotal hardwoods....
M ft. b. m.. 802, 761
Gum
M ft. b. m.. 200, 180
Oak
M ft. b. ni__ 290, 994
Unsold stocksTotal hardwoods
M ft. b. m_. 617, 375
Gum
M ft. b. m__ 142, 647
Oak
M ft. b. m__ 229, 171
Unfilled ordersTotal hardwoods
M ft. b. m__ 219, 108
72, 069
Gum
-.
_.M ft. b. m._
69, 044
Oak
Mft. b. m._
All hardwoods:
Production (computed).
M ft. b. m__ 62,000
Shipments (computed)
M ft. b. m__ 85,000
New orders (computed)
M ft. b. m__ 89,000

2,610
3,022
15, 046
3,353
8,027

+11.7
+17.5
+0.5
-19.6
-8.8

+27.0
+3.5
-23. 6'
-26.6
-6.3

22, 824
26, 336

23, 014
23, 631

+0.8
-10.3

25, 748

24, 116

-6.7

3,440

3,184

3,083

3,308

2,399

2,361

+7.3

+40.1

21, 570

22, 716

+5.3

2,476
2,882

2,883
3,083

2,583
3,316

2,937
3,687

2,168
3,193

2,439
3,093

+13.7
+11.2

+20.4
+19.2

19, 799

20, 242

+2.2

28, 691
26, 919

27, 939
29, 825

21, 879
28, 347

17, 169
26,468

15, 875
29, 674

3 288, 237
• 209, 310

s 249, 959
5 201, 427

-13.3
-3.8

770, 467
191, 549
276, 704

758, 206
196, 277
270, 266

801, 223
212, 043
284,908

843,886
221, 167
308, 723

819, 198
232, 729
269, 228

824, 661
223, 865
273, 426

+5.3
+4.3
+8.4

+2.3
-1.2
+12.9

595, 295
139, 531
215, 629

591, 505
147, 245
212, 383

633, 359
164, 185
222, 997

664, 677
170, 437
242, 208

641, 713
166, 894
210, 390

642, 551
165,011
215, 312

+4.9
+3.8
+8.6

+3.4
+3.3
+12.5

206, 994
65, 237
67,964

197, 092
61, 124
63, 934

196, 905
61, 634
67, 836

210,432
66, 409
72, 736

206,584
73, 191
67, 198

207, 768
70, 279
63, 942

+6.9
+7.7
+7.2

+1.3
-5.5
+13.8

59, 000
89,000
88,000

69,000
80, 000
68,000

4 77, 000
* 73, 000
* 71, 000

94,000
79, 000
85,000

94,000
91,060
92,000

94,000
97, 000
93, 000

+22.1
+8.2
+19.7

0.0
-18.6
-8.6

696,000
702, 000
722,000

612,000
676,000
685,000

-12.1
-3.7
-5.1

Production 10 species
M ft. b. m 2, 268, 148 2, 452, 123 2, 411, 509 *2,283,442 ^2,565,000 2,443,684 2,413,655
192, 997
188, 014
Exports planks joists etc
M! ft. b. m
213, 464
191, 145
191, 764
142, 895
156, 875
Retail yards, Minneapolis district:
4
Sales
M ft. b. m__ 13,809
15, 619
19,997
18, 154
19, 335
20, 083
19, 855
Stocks, end of month
M ft. b. m__ 106, 152 106, 879 103, 713 102, 260 100, 646
100, 923
93, 963
Composite lumber prices:
40.65
42.59
Hardwoods
dolls, per M ft. b. m...
41.96
42.47
42.40
39.95
39.95
30.52
30.65
Softwoods
dolls, per M ft. b. m__
30.57
30.65
29.49
29.93
30.21

+12.3
+0.3

+6.3 20, 170, 906 18, 674, 349
+22.2 1, 325, 803 1, 463, 388

Total Lumber

Flooring
Maple flooring:
Production
M ft. b. m _
Shipments
-M ft. b. m__
Stocks, end of month
M ft. b. m__
New orders
-__M ft. b. m._
Unfilled orders, end of month. _M ft. b. m..
Oak flooring:
Production
M ft. b. m .
Shipments
M ft. b. m _
Stocks, end of month
M ft. b. m__
New orders
M ft. b. m__
Unfilled orders, end of month _.M ft. b. m__

+6.5
-1.6

-3.7
-0.3

-0.4
-3.5

+6.1
-1.5

-7.4
+10.4

118, 280

108, 933

-7.9

8,141
10, 022
28, 154
9,103
10, 856

8,282
11, 921
25, 055
11, 785
13, 238

10, 101
11, 526
25, 061
5,310
11, 634

9,691
9,536
26, 146
4,044
9,083

11,557
10, 939
26, 338
7,344
11, 027

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

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

+19.3
+14.7
+0.7
+81.6
+21.4

+2.1
-21.4
-16.5
-34.2
+10.4

72,282
73, 722

76, 091
79, 272

+5.3
+7.5

70, 362

58, 698

-16.6

35, 697
40, 970
62, 196
45, 763
51, 623

40, 380
49, 034
51, 430
48, 424
52, 315

42, 522
37, 132
58, 276
22, 707
37, 983

38, 435
30, 155
66, 102
21, 699
29, 773

40, 426
38, 932
66, 253
36, 139
27, 036

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

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

+5.2
+29.1
+0.2
+66.5
-9.2

-12.9
-18.5
+22.0
-27.4
-37.6

363, 278
347, 945

308, 193
305, 612

-15.2
-12.2

334, 365

295, 971

-11.5

46, 214
36, 952

45, 042
43, 125

39, 115
41, 574

47, 266
67, 595

60, 508
70, 300

40,331
68, 891

54, 218
74, 240

+28.0
+4.0

+11.6
-5.3

380, 403

389,838

+2.5

33
14
20

42
29
17

53
29
17

55
25
23

53
25
27

72
42
26

68
27
29

-3.6
0.0
+17.4

-22.1
-7.4
-6.9

47
26.0
95.0

44
10.0
95.0

43
7.5
96.5

50
10.5
89.0

55
9.0
98.0

46
5.0
97.0

55
7.0
100.0

+10.0
-14.3
+10.1

0.0
+28.6
-2.0

8,129

7,011

6,507

6,273

9,597

8,231

10, 101

+53.0

-5.0

80, 193

62,361

-22.2

2,004

1,972

1,578

1,517

2,773

2,511

3,408

+82.8

-18.6

7,935
10, 218

6,976
8,900

6,860
8,596

6,322
8,191

8,342
10,879

7,604
9,979

9,017
11,875

+32.0
+32.8

-7.5
-8.4.

77, 394
92,403

60, 377
77, 402

-22.0
-16.2

2,362
2,370

3,426
2,136

2,577
2,519

2,251
2,134

2,890
2,616

3,696
3,406

3,824
3,456

+28.4
+22.6

-24.4 I
-24.3 j

28,431
31, 665

23, 962 -15.7
21, 487 ! -32.1

3,182

3,290

3,197

3,059

3,162

4,437

4,708

84

100

90

83

122

172

172

Wooden Furniture
Household furniture and case goods:
Shipments
.dolls., average per firm..
Unfilled orders
dolls., average per firm..
Grand Rapids district:
Unfilled orders, end of
month
No. of days' production..
New orders.. . _No. of days' production..
Shipments
No. of days' production..
Outstanding accounts, end of
month
No. of days' sales..
Cancellations
.per cent of new orders..
Plant operation
per cent of full time..
Piano benches and stools:
New orders (av. per
firm)
dollars
Unfilled orders, end of month
(av. per
firm)
dollars..
ShipmentsValue (av. per
firm)
dollars..
Quantity (total)
. pieces
Plywood and Veneer
Plywood:
New orders
thous. of sq. ft. of surface..
Shipments
thous. of sq. ft. of surface..
Unfilled orders, end of
month
thous. of sq. ft. of surface..
Rotary-cut veneer:
Receipts
number of carloads..




* Revised.

+3.4

-32.8

+47.0

-29.1

• Cumulative through July 31.

i

35

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

May

April

PER CENT INCREASE (+) OR
DECREASE (— )

1926

June

July

August

July

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

August, August,
1927,
1927,
from
from
July, August,
1927
1926

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

1926

1927

-33.3 -29.5
-29.6 -12.1
-34.5 -36.8
+17.4 +12.4
-3.2 +3.3

4, 746, 282
5, 440, 087
4, 491, 633

5,979,222
5,964,494
4, 067, 600

+26.0
+9.6
-9.4

+8.5 -1.5
+5.1 +5.8
+2.0 +27.5
+4.2 +8.5

5,790
5,544

5,973
5,552

+3.2
+0.1

5 998, 328 5 1, 270, 058

+27.2

5 159, 693
s 138, 020

5 144, 715
5 107, 742

—9 4
-21.9

* 172, 109

s 127, 521

25 9

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

sets.. 854, 926 338,029 435, 505
sets
452, 978
596, 346
786, 607
sets
282, 009
460, 217
938,347
sets.. 1, 166, 942 1, 166, 943 1, 287, 654
sets.. 3, 278, 677 3, 460, 562 3, 264, 706

855,308
997, 792 1,213,395
1, 281, 528
805, 059
1, 143, 909
814, 754
916, 242
413,443
847, 249
630, 744
653, 905
1, 637, 984 1, 923, 653 1, 832, 283 1, 711, 747
3, 273, 312 3, 169, 910 2, 578, 671 3, 070, 079

STONE, CLAY, AND GLASS
PRODUCTS

Clay Products
Face brick, averages per plant:
Production
-thousands
Shipments
.thousands
Stocks, end of monththousands..
Unfilled orders, end of month. .thousands..
Common brick:
Stocks, end of monthBurned
thousands..
Unburned
thousands
Shipments
thousands .
Unfilled orders, end of month. .thousands..
Plants closed down
number..
Price, red, New York
dolls, per thous..
Paving brick:
Production, actual
thousands
Shipments
.thousands..
Stocks, end of month _ _
thousands
New orders
thousands
Unfilled orders, end of month.. thousands..
Cancellationsthousands..
Operations, relation to
capacity._
per cent..
Sand lime brick:
Production
thousands..
Shipments by rail _ _
thousands
Shipments by trucks
thousands
Stocks, end of month _
thousands . _
Unfilled orders, end of month.. thousands..
Vitreous china plumbing fixtures:
New orders.
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. ft_.
Architectural terra cotta, new orders:
Quantitv
_
._
net tons..
Value "
thous. of dolls
Portland Cement
Production
. thous. of bbls
Shipments
thous. of bbls
Stocks, end of month
thous. of bbls..
Wholesale price:
Chicago district
dolls, per bbL.
Lehigh Valleydolls, per bbl_.
Highways
Concrete pavements, new contracts:
Total
_
thous. of sq. yds..
Roads
..thous. of sq. yds..
Federal-aid highways:
Completed—
Cost
.
thous. of dolls..
Distance
miles
Under construction, end of month. .miles..

729
774
2,614
1,074

819
860
2,507
1,069

906
918
2,625
1,113

776
785
2,513
1,026

371, 320
100, 953
197, 411
348, 211
2
16.50

329, 572
154, 151
237, 107
274, 959
1
15.50

331, 748
169, 712
231, 064
254, 191
10
13.50

353,428
170, 178
211,451
235, 323
12
11.75

22,973
13,864
91, 670
20, 095
67, 823
327

23, 667
20,628
81, 606
27, 903
61, 385
145

23, 888
24, 177
78, 898
25, 448
61, 541
993

26, 488
28, 643
77, 799
22, 409
76, 002
2,303

65

77

16, 218
6,230
11, 895
9,779
18,463

23, 225
8,196
13, 251
8,740
17, 237

217, 740
220, 786
347, 645
618, 492

241, 315
246, 223
342, 717
607, 968

344, 541
296, 818
390, 440
557, 745

5,453
4,948
1,879
11, 658

* 5, 209
5, 092
1, 902
4
11, 766

5,204
5,086
1,919
11, 878

14, 633
1,513

10, 751
1,140

14, 637
1,388

14, 048
14, 350
23, 654

4
4

4

4
4

4
4
4

16, 701
16, 865
23, 503

4
4
4

855
780
2,011
985

11.75

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

249, 271
59, 103
135, 090
211, 141
4
17.00

27, 611
37, 443
101, 243
41, 761
78, 947
392

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

4
4
4
4

6.6

-30.9

71

78

20, 333
6,926
12, 809
12, 017
18, 300

20, 819
5,649
10, 996
7,613
18, 526

17, 435
7,690
9,870
8,770
24,200

+22.3
+27.5
+19.1
+36.2
+27.4

+16.6
-9.9
+29.8
+37.0
-24.4

229, 832
251, 946
368, 326
554, 022

249, 169
279, 539
337, 956
520, 364

260, 704
268, 038
473, 245
505, 393

377, 703
272, 616
578, 332
500,453

+8.4
+11.0
-8.2
-6.1

-34.0
+2.5
-41.6
+4.0

2, 142, 564
2, 050, 163

1, 841, 832
2, 082, 064

-14.0
+1.6

5,716
5,401
2,048
8,824

5,708
5,885
2,196
8,586

82
4

19,986
7,553
14,011
10, 052
18, 344

17, 224
19, 761
20, 972

859
823
2,040
1,147

16, 622
5,431
4
10, 752
4
8,
820
4
14, 364

75
4

842
825
2,564
1,069

4

14, 856
1,268

15, 643
1,557

17, 671
2,175

12, 751
1,493

+5.3
+22.8

+22.7
+4.3

112, 274
14, 116

100, 756
10, 244

-10.3
-27.4

17, 398
18, 984
19, 397

18, 305
21,411
16, 290

17, 134
18, 812
17, 301

16, 995
18, 583
15, 718

+5.2
+12.8
-16.0

+7.7
+15.2
+3.6

105, 953
108,500

110, 763
115, 153

+4.5
+6.1

1.65
1.75

1.65
1.75

0.0
0.0

-3.0
-11.4

l.GO
1.55

1.60
1.55

1.60
1.55

1.60
1.55

15, 482
10, 264

14, 234
8,225

16, 075
8,424

12, 615
7, 299

13, 528
7,445

10,856
5,663

13, 249
6,594

+7.2
+2.0

+2.1
+12.9

79,005
46,425

89,861
51,794

+13.7
+11.6

6, 170.
265
9,821

9,101
414
10, 000

17, 850
845
10, 104

17, 150
637
10, 135

15, 301
750
10,005

13, 520
605
11, 100

19, 275
890
11, 147

-10.8
+17.7
-1.3

-20.6
-15.7
—10.2

121, 278
5,607
87, 233

89, 191
4,343
79,135

-26.5
-22.5
-9.3

10, 299

9,618

7,999

8,868

10, 748

11, 274

« 14, 001

« 14, 937

+6.7

5 14, 474
5 14, 469

5 15, 516.
8 15, 344

+7.2
+6.0

1.60 i
1.55

Plate Glass
Production, polished. ._

..thous. of sq. ft..

[

Glass Containers
Actual production:
Quantity
thous. of gross
2,205
Relation to capacity
per cent..
74.1
New orders
thous. of gross _
2,004
Shipments
thous. of gross..
2,346
Unfilled orders, end of month. .thous. of gross. _ 10,658
Stocks, end of month
thous. of gross. . 6,341
«Revised.




2,197
73.8
1,800
2,383
10, 135
6,149

2,277
76.5
2,016
2,350
9,682
6,065

2,050
71.7
1,743
2,227
9,148
6.216

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

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

s Cumulative through July 31.

36

TREND OF BUSINESS MOVEMENTS—Continued
1027

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

April

May

June

PER CENT INCREASB (+) OR
DECREASE ( — )

1926

i

July

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

August

i
i

1 .

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

1926

1927

22,901

21,686

STONE, CLAY, AND GLASS
PRODUCTS— Continued
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, end mo
number of weeks' supply..

3,030
39.8
39.6
38.8

2,797
37.0
45.0
39.3

2,689
36.0
38.0
37.3

2,169
33.6
36.3
35.3

2,410
32.0
38.3
31.4

1,494
25.0
36.3
34.5

2,050
29.8
42.8
36.9

+11.1
-4.8
+5.5
-11.0

+17.6
+7.4
-10.5
-14.9

1.0
3.7

1.2
3. 6

1.3
3.6

1.2
4.0

1.3
3.5

1.8
3.8

1.9
3.5

+8.3
-12. 5

-31.6
0.0

517
.75

1,154
.75

598
.75

-35.5
0.0

-13.5
0.0

+31.1

+30.0

-5.3

CHEMICALS AND OILS
Chemicals
Sulphuric acid:
1,024
Exports..
..thous. of lbs__
730
746
801
.75
.75
.75
Price wholesale, 66°, N.Y.dolls, per 100 lbs__
.75
Nitrate of soda:
43, 578
39, 683
Imports
long tons.. 97, 480
54, 867
Production in ChileQuantity
metric tons.. 99, 050 105, 900 115, 900 127,060
32
32
Units reporting
number of plants..
30
36
8,292
6,502
Potash, imports
_
long tons.. 15,911
36, 857
Acid phosphate:
Production
_ short tons. _ 213, 714 240, 939 199, 369 235, 838
Stocks, end of month
short tons.. 1, 012, 805 1, 013, 638 1, 092, 227 1,334,412
Shipments
short tons.. 225, 637 107, 738
63, 388
56, 245
Fertilizer:
Exports..
long tons.. 128, 689 119, 927 111,512 138, 023
Consumption in Southern
States
short tons.. 870, 224 146, 454
52, 241
35, 535
Dyes and dyestuffs, exports:
451
363
Vegetable
thous. of lbs__
300
165
1,227
Coal-tar
thous. of lbs__
1,928
968
1,526
Price index numbers:
207
Crude drugs
index number. _
205
200
196
121
122
123
Essential oils
index number..
122
Drugs and pharmaceuticals.index number..
156
156
156
156
113
113
Chemicals
index number. .
113
112
4
132
Oils and fats
index number..
130
130
127

71, 904

23, 367

55,325

43, 572

159,466
49
25, 287

142, 589
47
27, 522

* 232, 339 4 240, 185
n, 464,486 41,280,187
57, 528

100, 659

88, 622

109, 954

23, 762

237
2,254

217
2,743

192
121
156
113
134

11, 745
353

+18. 2

+58. 3
5

5,625 i -23.5

705, 279

482, 481

-31.6

1, 425, 528

691, 793

-51.5

188, 198

179, 025

-4.9

2, 036, 671 51,686,113

-17.2

687, 933

710, 997

+3.4

780, 557

887, 258

+13.7

4, 724, 778

4, 076, 496

-13. 7

1,913
16,933

2,384
16,314

+24.6
-3.7

+9.4

103, 737
5,169

103, 902
6,476

+0.1
+25.3

-7.3
-15.3

99, 144
4,754

99,681
4,509

+0.5
-5.2

13, 594

8,465

-37.7

5, 318, 775
216, 455

5, 319, 856
268, 106

0.0
+23. £

314, 936

142, 558

-54.7

569, 108

570, 330

+0.2

i

-27.1

-11.5

83, 117 +209. 4

+32.3

558
2,449

+43.6
+47.7

-57.5
-8.0

206
167
155
114
165

206
163
155
113
157

-2.0
-0.8
0.0
+0.9
+5.5

-4.9
-25.8
+0.6
0.0
-14.6

13,325
758

10, 964
245

12, 180
None.

+13.5
+114. 7

113, 785

7,351

!

Wood Chemicals
Acetate of lime:
ProductionUnited States
thous. of lbs__ 13, 139
932
Canada
thous. of lbs._
ShipmentsUnited States
thous. of lbs_. 13, 560
Canada
thous. of lbs_.
428
Stocks, end of monthUnited States
thous. of lbs__ 22,207
3,454
Canada
thous. of lbs__
974
Exports
_
thous. of lbs._
Price, wholesale
dolls. per cwt. _
3.50
Methanol, crude:
Production—
United States
gallons.. 666, 638
Canada
gallons.. 39, 016
Stocks at crude plants, end of month—
United States
gallons.. 325, 888
Canada
gallons.. 41, 468
Stocks at refineries and in transit—
United States
gallons.. 819, 216
Canada
gallons.. 12, 949
Exports
_
gallons.. 41, 254
Price, wholesale, N. Y
dolls, per gal..
.83
Wood:
ConsumptionUnited States
cords._ 69, 895
Canada
cords. _
4,790
Stocks, end of monthUnited States
cords,. 4 524, 259
Canada
cords.. 31, 113
Daily capacityTotal
cords..
3,535
Reporting
_
cords..
3,535
Shutdown.
cords._
319
Methanol, refined:
ProductionUnited States
.gallons..) 420, 741
Canada. _.
_.
_
.gallons.. 39, 910
Stocks, end of monthUnited States
gallons.. 606, 975
Canada
gallons. _ 73, 706
ShipmentsUnited States
gallons-- 416, 996
Canada
gallons.. 35, 340
4
Revised.




12, 552
756

12, 070
424

11,972
531

14, 276
666

4

12, 152
801

13,469
618

14, 741
684

14, 524
730

+10.8
-22.8

23, 068
3,398
1,582
3.50

20, 924
3,334
562
3.50

4 20, 545
2,655
1,355
3.50

20, 120
3,008
283
3.50

22, 373
1,842
1,909
3.25

19, 951
1,119
2,902
3.25

-2.1
+0.8
+13.3 +168. 9
-79.1 -90.2
0.0
+7.7

638, 376
30, 088

626, 789
14, 388

592, 593
17,283

582, 710
28, 482

553,050
7,239

589, 828
None.

-1.7
+64. 8

-1.2

345, 366
29, 910

339,632
38, 258

303, 998
29, 849

360, 329
31, 185

888, 923
53,300

622, 456
53, 124

+18.5
+4.5

-42.1
-41.3

896, 334
33, 078
22, 863
.83

991, 672 1, 094, 775 1, 408, 637
39, 025
23, 489
21, 227
9,622
2,201
18, 796
.66
.58
.66

279, 202
33, 827
19,317
.56

351, 409
33, 651
43, 350
.70

+28.7 +300. 9
+10.7 -30.2
+95.3 -56.6
-12.1 -17.1

63, 724
2,038

82, 581
4,125

60, 837
1,062

66, 007
None.

+29.6
+102. 4

+25.1

595, 554
60,392

603, 829
39, 342

502, 255
38, 263

500, 675
38, 263

+1.4
-34.9

+20.6
+2.8

64, 861
1,945

64, 309
3,298
4

551, 536
27, 041

4

584, 690
61, 649

4

3,535
3,535
537

3,535
3,535
706

3,535
3,535
655

3,395
3,395
425

3,698
3,596
642

3,602
3,500
580

-3.0
-3.0
-35.1

-5.7
-3.1
-26.7

426, 304
10, 550

416, 042
None.

347, 833
22, 800

317, 521
26, 506

737, 704
None.

608, 346
None.

-8.7
+16.3

-47.8

554, 313
73, 726

521, 609
53, 350

554, 809
59, 120

428, 194
64 '451

709, 639
58, 465

516, 943
42, 994

-22.8
+9.0

-17.2
+49.9

469, 513
20, 432

575,811
10, 485

411, 229
17, 827

389, 033 i
265, 249
s

—5 4
+41.6 '

Cumulative through July 31.

ij

4, 928, 912

3,283,427

-33.4:

I

37

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

PER CENT INCREASE (+) OR
DECREASE (— )

1926

May

June

July

13, 052
11, 584

13, 831
13, 761

15, 170
14, 651

7,496

9,700

34, 168
35, 355
33, 961

34, 120

16,784

32, 354
16, 989

30, 954
31, 136
30, 335
16, 794

36, 304
35, 736
34, 680
17, 344

48, 025

57, 730

50, 466

47, 264

52, 340

58, 390

August

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

1927

1926

Per ct
in-

crease
( }
or tdecrease
(-)
cumulative
1927
from
1926

CHEMICALS AND OILS-Continued
Ethyl Alcohol
Production
thous of gals
Withdrawal for denaturation
thous. of gals..
Warehouse stocks, end of month -thous. of gals.-

12, 674

11,618
8,459

9,335

17, 225
14, 267

16, 977
14, 390
8,914

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

38, 023
37, 174

47, 809

43, 122

58, 915

44, 762

7,335

« 103, 108
a 92, 595

s 89, 777
* 81, 897

-12.9
-11.6

279,033

Explosives
(Black powder, permissables, and other high
explosives)
Production
thous. of lbs._
Shipments
thous. of lbs._
New orders
thous. of lbs_.
Stocks, end of month
--thous. of lbs__

31, 962
33, 132

31,415
18, 043

33,783

+17.3
+14.8
+14.3
+3.3

-4.5
-3.9
-6.3
+2.7

278, 494
267, 849

268, 927
268, 336
258, 980

-3.6
-3.6
-3.3

40, 632

-5.3

+17.7

181, 185

257, 675

+42.2

58, 929

+0.9

-0.1

633, 475

863, 021

+36.2

37,021
16, 894

Naval Stores
Turpentine (gum) :
Net receipts, southern ports.
barrels. _ 30, 989
Stocks, end of month—
At three ports
barrels
31, 802
Price, southern, in barrels,
New York
dolls per gal
.67
Rosin (gum) :
Net receipts, southern ports
barrels. . 97, 028
Stocks, end of month, three ports. -barrels .. 107, 562
Price, common to good (B),
New York
dolls per bbl
9.70
Rosin (wood) :
Production
.barrels
34, 598
Stocks, end of month
barrels
58, 652
Turpentine (wood):
Production
_
.barrels
7,035
Stocks, end of month
barrels ..
7,473
Pine oil:
Production
.barrels
239, 027
Stocks end of month
barrels
355, 790
Roofing
Roofing felt:
Production, dry felt
tons
Stocks end of month dry felt
tons
Prepared roofing:
Shipments
thous. of roof squares

.63

.57

.56

.59

.88

.95

+5.4

-37.9

150, 397
153, 445

184, 971
165, 991

169, 439
179, 734

158, 514

143, 415
132, 649

138, 124
131, 636

-6.4
+10.7

+14.8
+51.1

+9.0

-27.3

198,883

9.67

9.93

9.74

10. 62

13.35

14.61

36, 508
64, 763

35, 197

36, 038

29, 710

32, 800

280, 386

+44.2

24,382

17,424

-1.4
+8.3
-0.7 +313. 1

194, 397

72,486

35, 521
71, 982

6,974
8,746

6,541

6,414

5,356
2,998

5,483
2,765

-1.0 +15.8
+24.1 +198.6

54, 204

+43.0

6,652

6,347
8,256

37, 893

9,896

243, 880
392, 864

222, 151
428, 796

231,350

242, 050
524, 246

215, 706
319, 588

222,002

+9.0
+88.2

1,490,317

1, 872, 450

+25.6

458, 923

27, 638

27, 019

26, 517
3,181

23, 605

158,371

168, 923

+6.7

3,272

25, 003
4,051

23, 547

2,806

3,183

3,020

3,003

2,637

2,597

2,768

17, 771

17,830

+0.3

6,050

+72.5
+3.3
-7.4

3,089

72,454

278, 487

+4.6
-14.2

3,636

Fats and Oils
Total vegetable oils and copra:
Exports
Imports
_
Copra, imports
Copra or coconut oil:
Imports
Consumption in oleomargarine
Oleomargarine:
Production
Consumption
Animal glues:
Shipments

.thous. of lbs__
thous. of Ibs
short tons

8,519
74, 369
20, 418

3,775

62, 498
14, 162

66, 828
15, 215

1,767
50, 092

19,311

904
74, 001
25, 391

541
55, 971
18, 337

-53.2 +226. 6
-25.0
-9.9
+26.9 +5.3

28,033

72, 305
19, 107

449, 619
145, 890

48, 355
464, 394
135, 161

thous. of lbs_.

35, 149

26, 538

21, 273

16, 997

21, 469

22, 538

20, 950

+26.3

148, 671

185, 287

+24.6

thous of Ibs

10, 279

8,754

8,144

7,248

6,138

6,190

53, 967

65, 110

+20.6

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

23, 569
23, 267

20, 917
20, 799

20, 645
21, 171

17, 214
16, 727

16, 445
15, 906

15, 635
17, 294

137, 598

152, 922
170, 800

+11.1
+12.0

5 53, 284

5

43, 715

-18.0

thous of Ibs

5,892

19, 387

+9.9

+2.5

-3.3

152,442

6, 175

5,840

5,797

5,902

94, 597
346, 902
310, 577

61, 392
198, 354
173, 435

55, 502
127, 516
101, 391

53, 345
65, 841
88, 895

290, 422

161,423

22, 512
39, 620
23, 249

138, 164 +444. 4 +110.2
74, 731 +145. 2 +116.0
86, 682 +145. 1 +151.4

1, 284, 457
2, 607, 353

2, 006, 565
3, 073, 446

+56.2
+17.9

217, 894

105, 148
122, 279

63, 655
73, 031

37, 864
32, 014

22, 063
16, 195

46,212
26,322

12, 099
8,281

20, 689 +109. 5 +123. 4

+62.5 +164.9

767, 160

921, 384

+20.1

9,936

111,115

90, 949
507, 644

71, 241
461, 059

32, 152
378, 230

32, 210
274, 711

16, 780
145, 671

18, 259
89, 785

+0.2 +76.4
-27.4 +206. 0

721, 651

915, 867

+26.9

.10

6,073

6,222

Cottonseed

Cottonseed:
Receipts at mills.short tons,.
Consumption (crush)
short tons..
Stocks at mills, end of month, .short tons..
Cottonseed oil, crude:
Production
_.thous. of lbs_.
Stocks end of month
thous of Ibs
Cottonseed oil, refined:
Production
thous. oflbs..
Stocks end of month
thous of Ibs
Price, yellow, prime,
New York
dolls per Ib
Consumption in oleomargarine
thous of Ibs
Cottonseed cake and meal:
Production
short tons
Stocks end of month
short tons
Exports
short tons

531, 394
.09

.09

.09

.10

2,173

1,974

1,909

1,559

163, 768
181, 938

85,072

37,019

.15

.15

1,373

1,405

64, 937
23, 169

72, 659
45, 116
15, 122

16, 013
142, 844
17, 354

35, 113
89, 711
27, 124

0.0

-33.3

+96.3 +106. 9
-30.5 -49.7
-34.7 -44.2

14, Oil

14, 121

+0.8

1, 226, 276

1, 392, 224

+13.5

185, 280

253, 293

+36.7

4,714
2,391

4,375
3,340

-7.2
+39.7

8,636

149, 467
21, 527

60, 648
102, 595
18, 105

374
330
1,860

491
338
1,381

488
214
1,444

429
606
908
1,381

717
496
589
1,123

478
362
976
1,371

1,029
370
579
1,264

+67.1
-18.2
35 1
-18.7

-30.3
+34.1
+1.7
-11.1

14, 284

15, 826

+10.8

10, 282
1.19

11, 904
.119

+9.6
+0.9

-8.8
-10.1

89,386

83, 104

-7.0

9,210
55. 084

12, 632

+39.3
+12.1

-19.7
+57.3

102, 273
395, 793

94,907

37,477

449, 169

-7.2
+ 13.5

Flaxseed
Minneapolis and Duluth:
Receipts
_
-thous. of bushs..
Shipments
thous of bushs
Stocks, end of month
thous. of bushs..
Imports
thous. of bushs..
Linseed oil:
Shipments from Minneapolis.thous. of lbs_.
Price, New York
_
dolls, per lb-Linseed cake and meal:
Shipments from Minneapolis.thous. of lbs__
Exnorts...
thous. oflbs..
1
Cumulative
through
July
31.




2,360

2,376

2,925

10, 826
.106

10, 951
.115

12, 502
.112

9,379
.106

10, 859
.107

11, 178
64. 896

7,801
41. 403

6,600
51. 036

7,281
52. 596

10, 145
58, 947

38

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

May

June

PER CENT INCREASE (+) OR
DECREASE (-)

1926

July

August

July

August i

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

August, August,
1927,
1927,
from
from
July, i August,
1927
1926

1927

1926
1

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

FOODSTUFFS
Wheat
Visible supply, end of month:
United States
thous of bushs
Canada .
thous of bushs
Eeceipts, principal markets. -.thous. of bushs..
Shipments, principal markets. thous. of bushs..
Exports:
United StatesWheat only
thous of bushs
Including wheat flour. thous. of bushs..
Canada—
Wheat only...
thous. of bushs..
Including wheatflour.thous. of bushs. .
Prices :
No. 1, northern, Chicago. .dolls, per bush..
No. 2, red winter, Chicago dolls per bush

40, 455
83, 121
14, 420
17, 636

30, 002
64, 600
19, 258
17, 556

23, 544
49, 247
20, 665
16, 675

36, 104
44, 237
58, 800
25, 489

67,273
28,264
81, 632 i
46,583 !

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

66, 739
19, 437
71, 583
34, 458

11, 263
15, 836

8,960
13,903

7,459
11,342

8,397
11,942

23, 402
28, 137

16,083
19, 652

20, 182
22, 050

28, 698
32, 316

15, 863
19, 673

6,620
8,641

12, 197
14, 510

1.34
1.34

1.48
1.44

1.51
1.45

1.48
1.43

38, 924
6,658

39, 085
6,000

8,497

8,500

+0.8
+45.4
+14.0
+35. 2

252, 204
142, 811

256, 927
160, 273

+1.9
+12.2

28, 995 +178. 7
35, 485 + 135.6

-19.3
-20.7

72, 937
101, 886

77, 532
111,588

+6.3
+9.5

16, 306
20, 709

9,541
11,608

+84.2
+67.9

+27.8
+25.0

120, 143
150, 461

123,948
149, 060

+3.2
-0.9

1.41
1.40

1.53
1.44

- 1. 42
1.37

— 4. 7
-2.1

-0.7 i
+2.2 1

""

* 38, 597
4,662

43, 816

43, 942
5,523

47,654
4,694

+13.5

-8.1

311,696
5 45, 799

315,437
41, 678

+1.2
-9.0

* 8, 388

9,555

9,570

10, 447

+13.9

8 *>

68, 849

+2.1

+86.3
-36. 1 1
+38. 8 !
+82.8 j

Wheat Flour
Grindings of wheat:
United States (census)
thous. of bushs. . 38,184
Canada
_
thous of bushs
5,281
Production:
United States, actual
(census)
thous of bushs
8, 309
United States, prorated
(Ruspell)
thous. of bbls
9,667
Canada..
thous. of bbls
1,154
Production, grain offal
thous. of lbs._ 659, 198
Capacity operated, flour mills
per cent
49
Consumption, wholesale
(computed)
thous. of bbls
8,551
Stocks, all positions, end of
month (computed)
thous. of bbls
6,600
Exports:
United States.
_
thous. of bbls..
1,016
Canada
thous. of bbls..
415
Wholesale prices:
Standard patents, Minneapolis
dolls, per bbl__
7.25
Winter straights, Kansas
City
.
dolls per bbl
6.58

9,532
1,455
672, 824
52

9,261
9, 256
1,314
1,019
675, 003 * 668, 232
49
51

11, 189
1,228
768, 231
57

756, 509
54

67, 426
5

12, 338
i
1,044 ;
820,795 ! +13.2
-7.8
62 !
5. 9 i -12. 9

8,733

8,450

7,918

9,237

10, 257

6,300

6,250

6,800

7,660

8,300

1,099
804

863
847

788
449

1,052
514

793
978

7.83

7.91

7.81

7.60

8.98

6.96

7.06

6.92

6.77

1,548
39, 130
10, 451
12, 326
6,316

1,717
31, 528
12, 599
10, 142
6,528

1,124
36, 239
26, 241
13, 282
7,339

734
31, 900
15, 125
12, 090
6,733

.74

.87

1.00

9,127
30, 298
1,095

11, 888
22, 350
3,459

.48
632

6,661

5

s 66, 784
-0.8
* 9, 124 j
-11.0
5, 433, 872 ! -2.2

67, 339
s 10, 252
5, 555, 790

6

5 61, 595

1,442 +33.5
459 j +14.5

-27.0
+12.0

7.95

-2.7

-4.4

6.81

6.74

2.2

-0.4

475
23, 805
16, 758
11, 762
7,304

1, 358
26, 821
13, 748
10, 724
6,222

1,158
22, 455
11,482
8,288
6, 735

-35.3
-25.4
+10.8
-2.7

+8.5

-59.0
+6.0
-46.0
+41.9
+8.4

1.02

1.09

.80

.81

+6.9

+34.6

9,701
18, 110
1,737

8, 125
12,270
777

21,413
22, 501
1,795

9,241
34, 489
1,468

23, 078 +163. 5
42, 529 +83.4
1,028 +131.0

-7.2
-47.1
+74.6

.51
694

.50
659

.48
805

.48

.42
800

.40
841

0.0

+20.0

8,148

8,513

9,749

11, 224

11, 309

-2.3

60, 165 j

7, 568 +17. 6
5,580 ! -17.1

6,433
6,735

!j

Corn
Exports, including meal
thous. of bushs
Visible supply, end month
thous. of bushs..
Receipts, principal markets. ..thous. of bushs..
Shipments, prin. markets
thous. of bushs..
Grindings (starch, glucose) thous. of bushs. .
Prices, contract grades, No. 2,
Chicago
dolls per bush

18, 433

11, 818

-35. 9

150, 874
82,300
51, 703

152, 789
88, 851
52,661 i

+1. 3
+8. 0
+1.9

Oats
Receipts, principal markets... thous. of bushs..
Visible supply, end of month._thous. of bushs..
Exports, including meal
thous of bushs
Prices, contract grades, Chicago,
dolls per bush
Grindings, Canada
thous of bushs
Production, oatmeal and rolled
oats, Canada...
thous oflbs

i

109, 557
14, 353

-29. 0

10, 193

\__
i

Other Grains

Barley:
Receipts, principal
markets
.
thous of bushs
Visible supply, end mo
thous. of bushs.
Exports
thous of bushs
Price, fair to good, malting,
C hicago
. dolls per bush
Rye:
Receipts, principal
markets
.
thous ofbushs.
Visible supply, end mo
thous. of bushs.
Exports, including flour thous. of bushs.
Price, No. 2, Chicago - dolls per bush

-13.3

94, 956 !

I

2,210
1,619
1,151

2,167
947
1,337

2,579
1,143
1,186

.83

.90

.92

.79

.80

1,449
6,249
4,500
1.03

3,272
2,213
5,861
1.13

1,358
947
3,601
1.15

1,444
1,376
339
1.10

24, 130

26, 277

18, 990

Southern paddy, receipts at mills
bbls.. 371, 901 396, 006 429, 614
Shipments:
Total from mills
pockets (100 lbs.)_. 569, 194 700, 427 643, 295
New Orleans
pockets (100 Ibs.)
130, 146
119, 681
119, 932
Stocks, end of month . .pockets (100 Ibs.) 1, 696, 891 1,400,980 1, 181, 230
Exports...
pockets (100 Ibs.).. 455, 159 256, 601 215, 411
Imports
Dockets (100 Ibs.).. 99.637
46.034
16. 095
4
Revised.

5,150 +493.7 +115. 7
3,581 +296.4
-1.4
1, 523 +72.2 +166. 9

11, 108 '
3,532
4,065

1, 466
2,299
1, 386

;

.72

.65

4,293
3,083
1,325
.97

802
8,659
2, 195
1.04

2,007
9,325
318
1.01

16, 152

35, 796

26, 059

147, 176

792, 345

74, 634

1,871
891
2,360

23, 886

27, 199

+13.9

7,521

14, 483

+92.6

+197.3 +113.9
+124.1 -66.9
i+290.9 +316. 7
-11.8
-4.0

10, 310

16, 738

+62.3

8,993

17, 807

-1-98. 0

-9.4

151, 186

165, 888

+9.7

+438. 4 +204.8

2, 461, 380

4, 224, 503

+71.6

3, 904, 278
1, 016, 300

5, 414, 724
1, 201, 437

+38.7
+18.2

372, 129
1.032.567

2, 431, 990 +553. 5
395. 435 -61.7

+1.3

+23.1

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

39, 512 +121. 6

Bice




259, 953

+22.5
+14.4
+25.2
+47.6
-25. 7
« Cumulative through July 31.

423, 559 i 278,871
345, 794
109, 951 i 34, 528
96, 074
987, 310 1, 235, 674
767, 627
40,464
109, 992
74, 519
26. 248
19. 503 ' 88. 159

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

+36.5
-22.9
+72.7
+117.8
-71.6

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

April

May

July

August

July

June

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

PER CENT IN' CREASE (+) OR
DECREASE ( — )

1926

1927

August

August, August,
1927,
1927,
from
from
July, August,
1927 i 1926

Per ct
increase
( }
or tdecrease
(-)
cumulative
1927
from
1926

1926

1927

+93.6 +7.1
-15.9 +17.9
+24.1 -10.9
-22.3 -0.9
+7.6 +5.1

33, 254
140, 212
17, 975
66, 568
530, 305

33, 366
151, 543
16, 983
76, 912
455, 368

+0.3
+8.1
-5.5
+15.5
-14.1

+3.9
+3.4
+6.7
+6.0

14, 495
5,143
1,625
9,241

14, 114
5,123
1,596
8,873

3, 662, 557" 3, 484, 767
3, 702, 034 3, 556, 466
14, 396
16, 101

-2.6
-0.4
-1.8
-4.0
-4.9
-3.9
-10.6

«

FOODSTUFFS— Continued
Other Crops
Apples:
Cold-storage holdings,
end of month
thous of bbls
Car-lot-shipment
carloads .
Potatoes, car-lot shipments
carloads _
Onions, car-lot shipments
carloads. _
Citrus fruits, car-lot shipments
carloads..
Hay, receipts
tons

None.
3,352
17, 418
2,313
4,492
51, 652

61
3,665
19, 914
1,569
5,982
57, 014

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

1, 547
*562
4
138
971

2,075
802
269
1,241

1,820
659
198
1,168

1,997
776
252
1,171

417, 119
428, 434
1,920

465, 597
470, 625
1,899

447, 515
495, 021
2,501

461, 661
465, 916
2,168

35, 722

33, 322

46, 048

41, 697

12.30
.182
.193

12.58
.185
.203

9.42
.162
.170

8.98
.160
.170

+2.3 +40.1
+1.6 +15.6
+5.2 +19.4

3,046
1, 102
38
1,939

3,041
1,192
38
1,846

2,854
989
49
1,873

2,804
1,084
51
1,710

-0.2 +8.5
+8.2 +10.0
0.0 -25.5
-4.8 +8.0

26, 228
9,903
473
16, 313

27, 931
10, 080
583
17, 823

+6.5
+1.8
+24.3
+9.3

652, 896
548, 008
76, 277

580, 606
594, 155
72, 958

5, 025, 108
3, 984, 626
784, 779

5, 384, 083
4,315,318
666, 550

+7.1
+8.3
-15.1

899, 826

991, 593 41,020,407

770, 212

787, 850

844, 275

4

841, 271

125, 723
67, 345

131, 685
64, 418

151, 008
66, 404

4

1, 042, 802
484, 233

1, 053, 701
458, 721

+1.0
-5.3

99, 611

111, 976

147, 318

4

10.51
.268
.128

9.45
.259
.129

8.69
.246
.131

8.98
.243
.132

1,486
690
118
800

2,013
1,064
259
951

1,816
849
257
963

1,676
4
751
216
4
920

37, 545
38, 641

37, 731
38, 452

39, 123
38, 872

1,862

1,210

7.78
15.81

5.90
14.85

58, 521

60, 978

63, 768

535
2,465
16, 407
2,455
10, 643
50, 563

None.
1,202
21, 785
830
7,559
53, 435

1,956
732
235
1,201

1,732
624
170
1,112

449, 382
463, 240
1,418

449, 020
456, 534
1,374

50, 413

43, 756

.170
.176

11.44
.170
.184

11.83
.170
.185

3,142
1,101
84
2,050

3,613
1,216
72
2, 380

3,775
1,259
61
2,522

603,019
473, 253
91, 842

681, 902
560, 558
91, 878

778, 271
589, 134
97, 803

869, 823

1,598
3,630
19, 497
2,968
12,911
52, 716

None.
1,731
20, 709
1,864
5,781
48, 005

Cattle and Calves
Cattle movements, primary markets:
1,674
Receipts _ .
thousands
602
Shipments, total
thousands
204
Shipments, stocker and feeder. thousands. _
1,066
Local slaughter
_.
thousands _
Beef products:
Inspected slaughter product. thous. of lbs__ 421, 666
Apparent consumption
thous. of lbs_. 436, 183
2,037
Exports
. thous. of Ibs
Cold-storage holdings,
62, 928
end of month
thous of Ibs
Prices, Chicago:
12.28
Cattle corn-fed
dolls per 100 Ibs
Beef steer rounds No 2

dolls per Ib

4

4

4

+34.1
+42.7
+94.9
+27.8

+11.6 +0.9
+10.4 +1.0
-1.1 -12.4

-6.7

-20.1

Hogs and Pork
Hog movements, primary markets:
Receipts
thousands
Shipments, total.
.thousands .
Shipments, stocker and feeder-thousands..
Local slaughter
thousands.
Pork products, total:
Inspected slaughter product.. thous. of lbs__
Apparent consumption
thous. of Ibs..
Exports
thous. of Ibs
Cold-storage holdings, total,
end of month
thous of Ibs
Fresh and cured in storage,
end of month
thous of Ibs
Lard (included in pork products) :
Production
thous. of Ibs
Exports _
thous. of Ibs
Cold-storage holdings,
end of month
thous. of Ibs..
Prices:
Hogs heavy Chicago dolls per 100 Ibs
Hams, smoked, Chicago
dolls, per lb_.

4

4

4

4

563, 719
498, 382
87, 877

-11.1 +3.0
+8.4 +19.2
-4.4 -17.0

933, 920

796, 245

774, 319

-8.5 +20.6

766, 611

642, 673

623,086

-8.9

+23.0

131, 637
46, 972

115,032
50, 816

133,702
45, 879

114, 803
54, 273

-12.6
+8.2

+0.2
-6.4

179, 136

167, 309

153, 572

151, 233

-6.6

+10.6

12. 98
.351
.165

11.85
.329
.156

+2.3
-3.3
-3.0

-22.4
-28.6
-17.9

2,209
1,054
388
1,137

1,739
828
260
912

2, 277 +31.8
1,176 i +40.3
567 +79.6
1,058 +23.6

-3.0
-10.4
-31.6
+7.5

13, 877
6,460
1,664
7,374

13, 994
6,615
1,721
7,364

37, 647
37, 706

44, 865
44, 911

37, 935
37, 786

40, 260
40, 134

+19. 2 +11.4
+19.1 +11.9

326, 300
326, 421

323, 126
326, 554

+0.8
+2.4
+3.4
-0.1
-1.0
0.0

1,360

1,161

1,306

1, 813

1,929

+12.5

-32.3

5.16
13.25

5.31
14.22

5.58
13.58

5.88
14.26

5.87
13.95

+5.1
-4.5

-4.9
-2.7

66, 457

65, 887

57, 053

58, 557

-0.9

+12.5

-1.5
-8.2
+9.6

+2.4
+19.6
+10.5

9, 013, 965

9, 191, 977

+2.0

8, 013, 081

8, 198, 335

+2.3

159, 544

158, 995

-0.3

182, 446

199, 504

+9.3

53, 096, 099 52, 700, 295
611,391
500, 680

-12.8
+22.1

4

9.19
.235
.128 !

4

616, 289
470, 711
72, 551

4

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

I

Miscellaneous Meats
4

Total Meats
Production, inspected slaughter.. thous. of Ibs.. 1, 062, 230 1, 169, 015 1, 266, 415 1,4 107, 662 1, 091, 069 1, 101, 739 1, 065, 640
Apparent consumption

thous. of Ibs

725, 269
747, 587
944, 611 867, 126
900, 451 953, 159
893, 523
948, 077 1, 062, 250 1, 084, 540 41, 012, 147 1,109,691 1, 003, 518 1,004,433

1

Poultry
Receipts at 5 markets
Cold-storage holdings,
end of month

thous of Ibs

13, 956

20, 157

21, 479

thous of Ibs

77, 282

61, 525

50, 064

Total catch, prin. fishing ports.-thous. of lbs_. 20, 556
Cold-storage holdings, 15th of mo. thous. of lbs._ 24, 731
Canned salmon:
206, 647
Shipments United States
cases
Exports, Canada
- - cases .. 53, 450
4Re\ ised.

25, 171
29, 982

27, 072
36, 696

288, 120
64, 590

357, 014
35, 913

18, 282

22, 691

20, 974

23, 164

+24.1

-2.0

42, 293

39, 735

35, 793

38, 634

-6.0

+2.8

27, 322
42, 118

33, 284
53, 814

29, 564
45, 606

32, 043
57, 627

+21.8
+27.8

+3.9
-6.6

508, 196
48, 190

110, 042

581, 072
22, 708

840, 065
100, 321 +128. 4

+16.6

4

Fish




4

5 C umulative

through JtilySl.

40

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

PER CENT INCREASE (+) OR
DECREASE (— )

1926

August, August,
1927,
1927,
from
from
July, August,
1927
1926

May

June

July

August

July

August

120, 770
thous of Ibs
thous. of Ibs. . 48, 279

227, 614
63, 710

184, 035
75, 756

234,043
67, 282

143, 464
58, 310

159, 554
68, 393

133. 294
50,476

-38.7
-13.3

3,436
165, 822
.50

25, 404
149, 660
.43

89, 996
196, 213
.43

145, 147
178, 952
.42

163, 037
186, 123
.42

131, 152
185, 843
.40

138, 151
188, 565
.42

+12.3
+4.0
0.0

29, 401
16, 923
38, 212
45, 616
6,923
327
1,117

40, 918
21, 301
42, 420
50, 864
7, 072
297
2,619

59, 259
22, 134
50, 720
67. 216
7.656
241
7,060

50, 265
24, 134
35,
849
4
87, 937
6.503
231
8,977

36, 157
22, 556
36, 827
90, 446
3,430
251
16, 023

32, 487
.24

35, 826
.24

49, 999
.24

67, 091
.24

69, 901
.25

73, 681
.22

81, 297
.22

+4.2
+4.2

-14.0
+13.6

2,729
5,501

2,523
8,962

1,767
10,565

1,225
10, 746

1,005
9,652

1,385
9,845

1,083
9,573

-18.0
-10.2

-7.2
+0.8

52, 053

71, 605

81, 263

81.418

77, 589

51, 810

52, 634

-4.7

+47.4

14, 608
9,721

26,709
15, 392

41, 028
20, 223

44, 028
19, 883

43, 559
20, 622

37, 285
23,310

40, 821
23, 136

-1.1
+3.7

+6.7
-10.9

8,317
3,689
2,761
5.84

21, 706
5,220
3,642
5.93

37, 205
7,553
3,190
5.90

38, 140
7, 719
2,716
5.83

38, 325
7,436
3,532
5.83

31, 931
9,138
3,537
5.87

32, 545
9,148
2,139
5.75

+0.5
-3.7
+30.0
0.0

+17.8
-18.7
+65.1
+1.4

58, 455

106, 636

168, 599

8,531
7,054
4.58

48, 947
7,305
4.63

126, 534
8,926
4.60

177, 450

241, 297

6,683
336

9,136
387

17, 976
108, 761

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

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

1936

1927

+7.6
+15. 5

1, 052, 632
419, 773

1, 206, 673
434, 627

+14.6
+3.5

+18.0
-1.3
0.0

1, 407, 997

1, 312, 949

-6.8

364. 809
138, 466
336, 796

294, 526
149, 542
319. 774

-19.3
+8.0
-5.1

40, 112
2, 630
59, 630

49, 804
2,419
45, 540

+24.2
-8.0
-23.6

12,638

13, 392

+6.0

""
24, 362

-9.1

53, 378

49, 968

-6.4

FOODSTUFFS— Continued
Butter
Production (factory)
Receipts, 5 markets
Cold-storage holdings, creamery,
end of month
_
Apparent consumption
Wholesale price, New York*

|

thous. of lbs_.
thous. of lbs__
dolls, per lb_.

Chcese
Total, all varieties:
Production (factory).
..thous. of lbs._
Receipts 5 markets
thous. of Ibs. _
Apparent consumption
thous of Ibs
Cold-storage holdings
-thous. of lbs_.
Imports
thous. of lbs_.
Exports, United States
_.thous. of Ibs. _
Exports Canada
thous. of lbs__
American whole milk:
Cold-storage holdings,
end of month
_ thous. of lbs._
Wholesale price, New York* .dolls, perlb..

4

4

55, 078
21, 972
33, 120
90, 053
5,087
309
20, 681

4

46, 140
20, 735
39, 801
98, 473
6,520
254
19, 903

-28.1 -21.6
-6.5 +8.8
-7.5
+2.7
+2.9
-8.2
-47.3. -47.4
+8.7
-1.2
+78.5 -19.5

Eggs
Receipts 5 markets
__
thous. of cases _ _
Cold-storage holdings
thous. of cases..
Frozen, cold-storage holdings,
end of month
_
thous. of Ibs. _

4

Milk

Condensed milk:
Manufacturers' total stocks (end of
month) —
Case goods
_
thous. of Ibs. _
Bulk goods
thous. of lbs_.
Manufacturers' unsold stocks (end of
month)—
Case goods
thous. of lbs._
Bulk goods
thous. of lbs_.
Exports..
.thous. of lbs._
Wholesale price, New York. dolls, per case..
Evaporated milk:
Manufacturers' total stocks (end of month),
case goods
. .thous. of lbs._
Manufacturers' unsold stocks,
case goods __ ..
thous. of lbs._
Exports
thous. of Ibs..
Wholesale price, New York.dolls. per case..
Production, condensed and
evaporated milk
thous. of lbs._
Powdered milk:
Manufacturers' total stocks ..thous. of Ibs. _
Exports
thous. of Ibs
Fluid milk:
Receipts —
Boston (includ. cream). .thous. of qts._
Greater New York
thous. of qts..
Production—
Minneapolis, St. Paul
thous. of lbs._
Consumption in manufacture
of oleomargarine
thous. of lbs_.

4

!
26, 798

4

213, 068

235, 609

181, 287

177, 323

+10.6

+32.3

4

176, 763
6,326
4.58

203, 079
4,240
4.58

138, 475
5,623
4.33

132, 531
5,657
4.36

+14.9
-33.0
0.0

+53.2
-25.0 |
+5.0

279, 772

219, 255

175, 316

.187, 558

139, 361

-20.0

+25.8

1, 316, 934

1,489,861

+13.1

* 12, 356
251

13, 232
241

238

14, 599
209

14, 941
196

-1.2

+21.4

1,727

2,146

+24.3

17, 725
114, 529

19, 633
116,448

19, 366
118, 672

110, 694

19, 868
114, 035

18, 027
110,923

-6.7

-0.2

5 122, 187
851, 510

5 125, 364
887, 479

+2.6
+4.2

26, 458

30, 818

30,835

25, 229

21, 771

6,518

5,913

5,689

4,690

4,651

39, 874

42, 528

+6.7

83, 537
284, 411
465, 144
425, 902

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

-5.2
+6.3
-0.2
-4.2

+59.9
+10.5
+1.0
-13.4

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

1, 005, 755
2, 653, 166
3,582,414

+0.4
-9.4
-1.5

+36.0

-94.0

32, 918

1,754

-94.7

+33.5 +243. 8

77, 785

95, 540

+22.8

3, 995, 885 3, 745, 467
3, 210, 010 2, 960, 525

-6.3
-7.8

4,817

Sugar

Raw:
Imports—
From Hawaii and Porto
Rico.
long tons. . 158, 556 144, 715 140, 717
From foreign countries
long tons
417, 332 348, 546 285, 968
Meltings, 8 ports
_ long tons482, 656 472, 528 503, 703
Stocks at refineries, end mo
long tons.. 379, 210 370, 898 361, 915
Receipts, domestic, at New
Orleans
longtons..
30
50
42
Refined:
Exports, including maple
long tons
15, 822
10, 524
8,345
Prices:
Wholesale, 96° centrifugal,
N. Y . . .
..dolls, perlb
.048
.048
.046
Wholesale, granulated, N. Y.dolls. perlb-.
.058
.060
.060
Retail, granulated, N Y
dolls, perlb..
.063
.063
.065
Retail average, 51 cities
index number. _
133
133
133
Cuban movement:
Receipts at Cuban ports
long tons
595, 154 227, 001 185, 360
Exports
_
long tons
441, 653 336, 320 359, 738
Stocks, end of month
long tons.. 1, 449, 624 1, 357, 045 1, 156, 430
Coffee
Imports
thous. oflbs.. 126, 999
92, 940
110, 616
Visible supply, end of month:
World
_
thous. of bags..
4,261
4,322
4,393
United States
thous. of bags .
806
743
788
Receipts, total, Brazil
thous. of bags..
899
982
1,137
4
Revised.




4

98, 160
323, 434
459, 108
308, 961

93, 071
346, 818
457, 961
296, 012

25

34

854

564

12, 956

17, 297

11, 692

7,095

.045
.059
.067
135

.045
.056
.066
133

.042
.056
.061
126

.042
.055
.062
127

0.0
-5.1
-1.5
-1.5

+7.1
+1.8
+6.5
+4.7

157, 420
343, 161
998, 209

163, 014
208, 474
300, 955
403, 719
783, 717 1, 195, 658

164, 744
445, 900
935, 416

+32.4
+17.6
-21.5

+26.5
-9.5
-16.2

104, 466

132, 914

116, 702

122, 922

+27.2

+8.1

971, 113

920, 219

-5.2

+3.9
4,716
4,560
4,738
691
825
832 +30.1
1,283
1,072
1,117 +12.9
« Cumulative through July 31.

-0.5
-0.8
+14.9

7,751

8,577

+10.7

4,537
634
1,136

41
TREND OF BUSINESS MOVEMENTS—Continued
1937

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

April

May

June

PER CENT INCREASE (+) OR
DECREASE (— )

1936

July

August

July

August

August, August,
1927,
1927,
from
from
July, August,
1927
1926

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

1926

1927

FOODSTUFFS-Continued
i

Coffee— Continued
Clearances:
Total, Brazil, for world
Total, Brazil, for U. S

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

Tea
Imports
Stocks, United Kingdom,
end of month

thous. of Ibs
thous. of lbs._

929
511

932
509

1,169
655

1,292
595

1,232
666

1,217
653

5,251

4,732

5,343

6,101

9,467

9,025

179, 315

158, 012

145, 417

137, 417

146, 684

147, 209

4

1,289
684

+4.9
-10.7

+0.2
-13.0

8,837
4,586

8,905
4,721

+0.8
+2.9

10, 056

+55.3

-5.9

52, 430

50, 724

-3.2

156, 559

+6.7

+1.8
4, 204, 865 4, 195, 923
+15.6 59, 563, 120 64, 665, 580

-0.2
+8.6

-6.3

TOBACCO
Consumption (tax-paid withdrawals):
Large cigars
thousands
475, 980 540, 874
576, 528 561, 199 604, 870
568, 553 594, 242
Small cigarettes
thousands. 7, 880, 403 8, 538, 988 8, 736, 464 8, 277, 052 9, 328, 055 7, 961, 032 8, 068, 005
Manufactured tobacco
and snuff
_ _ -thous. of lbs_. 31, 561
33, 420
35, 059
35, 337
33, 648
31, 570
35,809
Exports:
Unmanufactured leaf
thous. of Ibs
35, 041
40, 366
33, 053
28, 229
27, 817
29, 760
26, 263
Cigarettes
_„
thousands.. 468, 852 893, 152 809,523 479, 166 365, 448
726, 669 819, 569
Sales of loose-leaf, warehouses
thous. of lbs__
8,076
236
2,180
582
72
66, 810
34, 772
Price, wholesale, Burley good leaf,
dark red, Louisville
dolls, per 100 Ibs..
21.00
16.88
18.00
21.00
17.00
17.00
21.00
TRANSPORTATION

+7.8
+12.7
+11.9

-1.3

279, 948

267, 173

-4.6

-1.5
-23.7

+5.9
-55.4
+92.1

287, 809
6, 691, 855
282, 152

319, 352
5, 136, 355
387, 292

+11.0
-23.2
+37.3

0.0

-19.0

5 16, 495
« 516, 069
s 9, 092
8, 528
6
5 3, 891
3, 655
52, 451
53, 266
1,517
1,280
467, 637
480, 768
6
6 14, 968
17, 280
3, 020, 645 4, 118, 807
3, 572, 929 4, 573, 809
644, 639
813, 709

+2.7
+6.6
-6.1
+1.6
+18.5
-2.7
+15.4
+36.4
+28.0
+26.2

River and Canal Cargo Traffic
Panama Canal:
Total cargo traffic
thous. of long tons..
2,229
2,430
2,380
2,450
In American vessels thous. of long tons..
1,410
1,341
1,308
1,318
In British vessels
thous. of long tons..
491
432
550
524
Sault Ste. Marie Canals --thous. of short tons..
12, 614
4,698
12, 573
11, 660
New York State Canals --thous. of short tons..
169
285
381
292
Cape Cod Canal
short tons.. 54, 155
84, 062
60, 482
65, 849
Suez Canal
__.thous. of metric tons..
2,786
2,298
2,410
2,548
Welland Canal
short tons
321, 670 1, 040, 748 991, 787
752, 831
St. Lawrence Canal
.short tons.. 241, 070 1, 094, 346 1,211,603 898, 273
4
Mississippi River, Govt. barges
short tons.. 121, 673
94, 092
99, 608
96, 643
Ohio River, Pittsburgh, Pa., to
Wheeling W Va
short tons
744, 400 696, 722
817, 446
951, 562
Allegheny River
_ .short tons
184,015 195, 792 260, 612 316, 859
Monongahela River
_
short tons__ 1, 829, 631 1, 806, 081 1, 851, 453 1, 990, 824

2,186
1,165
565
13, 608
316
65, 027
2,033
787, 478
968, 976
88, 846

2,322
1,313
517
13, 776
336
62, 004
2,080
630, 169
798, 845
114, 352

+0.5
+33.6
-10.9

-14.9
+16.1
-5.4

+34.4
+25.6
+26.5

+60.6
+41.3
+7.0

1, 007, 373 1, 159, 138 1, 078, 041
333, 279
273, 641 295 823
2, 132, 449 2, 334, 195 2, 289^ 324

+5.9
+5.2
+7.1

-6.6 5, 897, 486 6, 229, 328
+12.7 1, 504, 995 1, 573, 837
+6.9 15, 540, 774 16, 193, 703

+5.6
+4.6
+4.2

48, 947
18, 657
30, 291

+0.2
+5.8
-3.0

11,721
390
58, 685
1,011,771
1, 128, 517
122, 300

Ocean Traffic
Clearances, vessels in foreign trade:
Total
thous. of net tons..
American
thous. of net tons
Foreign
- .thous. of net tons

4
4

6,160
2,618
3,542

6,248
2,632
3,616

6,835
2,575
4,260

42, 752
33, 631

40, 030
31, 661

56, 075
48, 174

25, 184
19, 141

235

235

219

219

7,517
2,749 !
4,769

7, 142
2, 649
4,493

8,424
3,149
5,275

7,892
2,567
5,325

+5.3
+3.8
+6.1

-4.8
+7.1
-10.4

48, 857
17, 641
31,215

14, 009
8,389

19, 423
13, 384

-3.3
+10.5

+25.4
+58.0

144, 725
94, 451

254

275

Shipbuilding
Completed during month:
Total
gross tons..
Steel seagoing
. .gross tons
Building or under contract, end of month:
Merchant vessels
thous. of gross tons..

24, 352
21, 145

256, 032 +76.9
197, 343 +108. 9
+10.1

1,819

1,652

Freight Cars
Surplus (daily av. last week of month) :
Total
cars
259, 736 256, 448 274, 223 273, 275 2 14, 985
199, 073 161,478 1 -21.3
Box
-cars
127, 432
154, 437
147, 831
133, 345
104, 796
123, 901
88,967 1 -19.8
Coal
.cars
90, 075
76, 554
78, 148
81, 330
53, 204
56, 785
38, 967 -30.5
Shortage (daily av. last week of month):
Total
cars..
19
404
None.
None.
10
None.
None.
Box
cars..
147
8
None.
None.
None.
172
None.
Coal
cars
1
114
None.
None.
None.
151
None. 1
Car loadings:
Total
.-.cars.. 4, 890, 749 4, 096, 742 3, 974, 160 4, 935, 397 4, 249, 359 45,213,759 4,388,118 -13. 9
Grain and grain products
cars
188, 152
158, 527
156, 472 229, 524 219, 898
273, 768 222, 549
-4.2
Livestock
cars
137, 048 115, 378
108, 383 128, 226
112,323 ! 133, 978 117, 045 -12.4
Coal and coke
_cars__ 852, 223 689, 903 653, 119 770, 272 735, 389
936, 363 808,083 I -4.5
Forest products
cars
344, 373 283, 695 270, 554 320, 847
336, 137 282, 956 -14.2
275, 251
Ore
..cars
111,719 238, 279 255, 562 317, 924 248, 462
363, 938 310, 404 -21.5
Merchandise and 1. c. 1.
..cars 1, 335, 487 1, 049, 900 1, 001, 882 1, 250, 761 1, 042, 893 441, 251 ,986 1, 040, 756 -16.6
Miscellaneous
cars 1, 921, 747 1, 561, 060 1, 528, 188 1, 917, 843 1, 615, 143 1,917,589 1, 606, 325 -15.8

+33.1
+39.3
+36.5

'

!

-3.2 34, 611, 028 34, 511, 482
-1.2 1, 557, 665 1,512,135
975, 271
994, 006
-4.0
-9.0 6, 631, 645 6, 626, 030
-2.7 2, 520, 323 2, 348, 075
-20.0 1, 371, 613 1, 304, 932
+0.2 8, 910, 276 8, 949, 035
+0.5 2, 625, 500 12, 796, 004

-0.3
-2.9
-1.9
-0.1
-6.8
-4.9
+0.4
+1,4

2,632, 126
* 570, 276
3,530, 460
2,691, 582
5 557, 610
« 272, 367

-0.8
-5.4
-1.7
-0.3
-9.0
+1.3

Railroad Operations
Operating revenue:
Freight
.
Passengers
Total operating . _
Operating expenses
Net operating income
Freight carried

thous. of dolls _ _ 371, 390
thous. of dolls
77, 332
_ thous. of dolls
498, 428
thous. of dolls.. 384, 668
thous. of dolls
73, 627
mills . ton-miles. . 37, 102
4
Revised.




390, 680
78, 532
518, 569
390, 787
85, 664
40, 113

381, 975
85, 956
517, 029
388,025
87, 364
38, 483

4

369, 985
91, 633
509, 380
383,717
84, 383
38, 380

409, 528 428, 628
97, 893
98, 913
557, 895 578, 823
396, 358 • 399,330
116, 975 133, 008
4
41, 717
43, 724
Cumulative through July 31.
4

4
4
4

6

2,654, 001
8 602, 892
3,591, 601
2,699, 774
55 612, 221
268, 852

42

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

Per ct.

CUMULATIVE TOTAL ! inFROM JANUARY 1
crease
THROUGH AUGUST 31
(+)

PER CENT INCREASE (+) OR
DECREASE ( — )

me

1927

or decrease
(-)
cumulative
1927
from
1926

1

August, August,
May

April

June

July

July

August

1927,

1927,

1927

1926

from
from
July, August,

August

1937

1926

1

TRANSPORTATION— Continued
Railway Equipment
Locomotives (Am. Ry. Assn.):
Owned end of month
number
Tractive power
mills of Ibs
p
,'ft + ]•
uu.ru DOI __
Installed during month
number _ _
Retired during month
..number..
Ordered from manufactures
number _
Unfilled orders (railroads)—
m
urac urers
numoer..
Shipments (Manufacturers, Census)—
Total..number..
DomesticSteam
_
number
Electric
number
Unfilled orders (Manufacturers, Census)
Total
number
DomesticSteam.
number..

-2.5
-0.1 i
-6.9
-3.5
-31.6

62, 172
2,616
9,030
14.7
148
213
184

61,931
2, 611
8,759
14.3
258
500
38

4 el, 765
2,609
8,535
14.0
155
331
26

61, 540
2,603
8,502
13.9
104
329
20

63, 202
2,603
8,718
13.9
171
237
14

63, 107
2,605
9,031
14.4
152
247
84

187
30

251
40

200
37

173
36

171
36

394
123

466
67

-1.2
0.0

-63.3
-46.3

98

109

89

60

81

132

124

+35.0

-34.7

1,157

711

-43.4

72
23

77
15

63
18

35
18

71
6

82
20

78 +102. 9
16 -66.3

9.0
-62.5

858
117

487
109

-43.2
-6.8

334

434

400

399

363

555

525

255
42
15

380
34
10

333
31
22

299
57
16

244
68
11

445
36
20

455
26
44

-22.0

Exports, steam
number. Freight cars (Am. Ry. Assn.):
Owned end of month
cars 2, 332, 184 2, 333, 098 2, 332, 728 42, 330, 042 2, 328, 299
212, 001 « 211, 917
211, 875
211, 933
Capacity
mills of Ibs
211, 649
141, 433 • 145,590
147, 449
145, 038
In bad order end mo
cars
135, 458
6.5
6.2
6.2
Per cent of total in use
per cent..
5.9
6.3
4,378
7,566
Ordered from manufacturers
cars..
1,066
3,362
1,459
Shipments by manufacturers5,935
Total
cars
6,202
5,317
5,570
5, 544
5,584
6,182
Domestic
cars
5,270
5,562
5,528
Unfilled orders (railroads)—
21, 956
23, 666
Total
cars
18,096
26, 305
24, 221
14, 678
15, 122
From manufacturers
cars. _ 18, 217
13, 545
18,303
7,278
8,544
4,541
In railroad shops
cars
8,088
5,918
Passenger cars:
Ordered from manufacturers
cars..
52
61
6
36
69
Shipments by manufacturers147
Total
cars
52
152
88
119
147
Domestic.
cars
52
88
146
119
Passenger Travel
National parks:
Visitors
number
Automobiles entered
number ...
Arrivals from abroad:
Immigrants
number
Unite d States citizens
number
Departures abroad:
Emigrants
number
United States citizens
number.
Passports issued
..number..
Pullman company operations:
Revenue. _
thous of dolls
Passengers carried
thousands

-0.4
-0.2
-0.4
-0.7
-32.9 |
-0.6 |
-23.1

62, 238
2,614
8,915
14.5
187
223
27

-9.0

1,440
1,944
867

+33.2

-76.2 !

1,299
2,221
476

!

-9.8
+14.2
-45.1

-30.9

-18.4 -48.4
+17.5 +161. 5
-31.2 -75.0

219

171

, 348, 508 2, 349, 305
211,896
211, 642
161, 396
165, 756
7.0
7.2
164
1,256

-0.1
0.0
-0.4
-1.6
-26.9

-0.9
0.0
-10.1
-11.4
-35.0

42, 271

44,465

+5.2

9,287
9,185

8,357
8,308

-4.0
-4.7

-36.4
-36.6

64. 094
62, 881

39, 249
38, 740

-38.8
-38.4

27, 995
21, 762
6,233

19, 819
13, 816
6,003

-25.3
-26.0
-23.3

-8.7
-2.0
-24.4

68

1

929

996

+7.2

222
222

187
187

+27.7
+22.7

-18.7
-21.9

1,522
1,472

760
720

-50.1
-51.1

455, 204
86, 779

434, 603
77,004

-9.3
-13.4

+13.2

1, 442, 232
239, 780

1, 665, 255

323,314

+15.5
+34.8

22, 283
25, 981

29, 286
52,683

« 182, 623
5 175. 432

s 182, 640
5 185, 726

0.0
+5.9

7,052
60, 223
^,007

7,376
42, 248
9,936

5 37s 452
5 243, 473
142, 525

5 34, 817
5 250, 985
148, 910

-7.0
+3.1
+4.5

-47.8 +260. 0

56, 543
8,508

140, 716
28, 477

263, 268
54, 821

542, 544
113, 626

33, 034
29, 055

31,819
26, 238

24.000
25, 736

23, 420
29, 935

4,185
26, 815
27, 144

6,148
28, 849
32, 863

3,133
51.379
27, 813

9,230
65, 686
14, 831

6,329
2,775

6,418
2,780

7,129
3,096

7,379

7,376
3,336

7,653
3,542

s 47, 302

s 46, 979

-0.7

65, 970
16, 372

64, 573
14, 232

60, 119
13, 261

60, 097
13, 713

5 413, 920
5 98, 038

« 452. 907
5 112, 122

+9.4
+14.4

10, 850
13,416
1,928

10, 104
12, 656
1,417

10, 822
« lit 570
1,662

11, 109
13, 663
2,351

5 74, 629
« 90, 047
« 11, 645

5 72, 854
5 90, 464
5
12, 136

-2.4
+0.5
+4.2

103, 481
34, 088

96, 027
31, 226

94, 967
27, 872

93, 920
27, 649

5 701, 040
s 232, 867

s 740, 137
5 249, 721

+5.6
+7.2

768. 968

733, 470

764, 509

749, 592

6,475
2,533
3,942

6,448
2,434
4,014

5,955
2,023
3,932

6.175
2,098
4,077

347
6,128
141,300

346
6,102
134, 000

355
5,600
127,200

368
5,807
127, 800

479
189
94
86
72
116.0
96.6
84.1

471
202
93
84
73
119.7
93.1
82.1

PUBLIC UTILITIES
Telephone companies:
Operating revenue .
thous of dolls
65, 748
65, 163
Operating income
thous of dolls
16, 650
16, 130
Telegraph companies:
Commercial telegraph tolls.thous. of dolls.. 10, 636
10, 697
Operating revenue
thous of dolls
13, 152
13, 321
Operating income.
thous of dolls
1,864
1,956
Gas and electric companies:
Gross earnings
thou^s. of dolls.. 106, 860 106, 076
Net earnings.
thous of dolls
35, 204
36, 227
Electric railways (212 companies):
Passengers carried
thous of persons
802,172
800, 722
Electric power production:
TotaL
mills, of kw. hours..
6,582
6,416
By water power.
mills of kw hours
2,566
2,671
By fuels
mills of kw hours
3,850
3,911
In street railways,
manfg. plants, etc mills, of kw. hours..
363
366
In central stations
mills, of kw. hours
6,050 1
6, 219
Gross revenue sales
thous of dolls
145, 300
140, 300

492, 016
98, 449

10, 269

+27.8

i

-30.8

+3.4

!

55,566,477 s 5,527, 089

-0.7

5 45, 449
5 17, 341
5 28, 108

+9.5
+14.3
+6.7

s 2, 625
s 2, 750
5
5 42, 824
38, 752
5 966, 000 5 1,016, 000

-4.5
+10.5
+5.2

5 41, 502
^ 15, 172
5 26, 331

EMPLOYMENT AND WAGES
Employment in factories:
New York State*
thousands
Detroit
thousands
New Jersey (rel. to 1923) .. .index number.
Pennsylvania (rel. to 1923) .index number.
Delaware (rel. to 1923)
index number.
Wisconsin (rel. to 1915)
index number.
Illinois (rel to 1922)
index number
1
Massachusetts (rel.tolQM ) index number




* Revised.

487
226
97
87
76
117.3
97.5
87.4

480
206
94
87
74
115.2
96.9
85.9

» Cumulative through July 31.

474
206
93
84
71
121.7
94.4
84.0 1

485
234
92
90
81
125.8
101.1
83.0

489
239
93
91
82
125.9
100.7
86.6 i

+0.6
+2.0
0.0
0.0
-2.7
+1.7
+1.4
+2.3

-3.1
-13.8
0.0
-7.7
-13.4
-3.3
-6.3
-3.0

*See p. 21 of the September 1927 issue for earlier data.

__
:::ii:::::::
I

43

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

PER CENT INCREASE (+) OR
DECREASE (— )

1936

May

June

July

14, 010
259.3
102
89
78

13, 977
266.6
103
87
75

13, 632
255. 7
98
81
74

13, 898
278.7
101
85
75
96

August

July

August

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

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

August, August,
1927, 1927,
from
from
July, August,
1927
1926

1926

1927

EMPLOYMENT AND WAGES— Cont'd
Total pay roll:
New York State*
thous. of dolls.. 14, 214
Wisconsin (rel. to 1915)
index number..
268.1
New Jersey (rel. to 1923) .. .index number..
106
Pennsylvania (rel. to 1923) -index number..
92
Delaware (rel. to 1923)
index number..
80
Ohio construction employees
(rel. to 1923)..
index number..
65
Federal civilian employees, Washington, D. C., end of month
.number __ 59, 772
Average weekly earnings (State reports) :
Illinois, factory labor
dolls..
29.07
New York State, factory labor
dolls..
29.17
Wisconsi n, factory labor
dolls . . 25.81
Massachusetts (rel.to!914)__ index number..
234.9
New Jersey (rel. to 1923). ..index number..
110
Pennsylvania (rel. to 1923).. index number __
105
Delaware (rel. to 1923). ...index number..
104
Average weekly earnings (National Industrial
Conference Board):
Grand total (both sexes)
dollars..
27.39
Total male.
dollars..
30.03
Skilled male
dollars..
31.50
Unskilled male
dollars..
24.60
Total women
.dollars..
17.39
Average weekly hours:
Nominal (both sexes)
hours. .
50.4
Actual (both sexes)
hours. _
48.1
Wages of common labor, by geographic divisions:
New England
cents per hour..
49
Middle Atlantic
..cents per hour..
47
South Atlantic
cents per hour..
25
East South Central
cents per hour..
25
West South Central
.cents per hour..
34
East North Central
cents per hour..
38
West North Central
cents per hour..
38
Mountain
cents per hour _
43
Pacific
.cents per hour..
52
United States, average
cents per hour..
39
Wage rates, U. S. Steel Corp... cents per hour..
50
Wages, steel workers, Youngstown
district
per cent of base
128.5
Applicants per 100 jobs, employment agencies:
United States, average
number..
119
Eastern States
number..
122
Central States
...number..
140
Southern States
n9mber
111
Western States
number _ _
62

69

77

88

59, 879

59,800

60, 433

28.60
29.18
25.52
234.7
109
102
104

29.27
29.17
26.05
231.9
110
102
103

28.32
28.95
24.22
229.1
06
96
99

27.52
30.20
31.69
24.68
17.36

13, 966
270.6
96
88
80

14, 103
282.0
98
91
81

108

108

60, 435

60, 270

27.96
28. 80
24.27
227.6
105
97
97

28.62
28.86
25.27
230.8
106
99
97

27.34
29.98
31.48
24.49
17.37

26.78
29.21
30.76
23.67
17.29

26.76
29.39
30.91
23.81
16.91

49.6
48.3

49.6
47.9

49.6
47.6

49.6
47.5

49
46
27
24
26
37
38
45
50
38
50

51
46
29
25
26
38
38
44
54
39
50

50
47
30
25
30
37
37
45
54
39
50

49
47
27
26
28
38
37
46
54
39
50

48
47
27
25
26
37
37
46
52
39
50

48
47
33
24
28
37
36
42
52
39
50

125.5

125.5

125.5

125.5

133.0

133.0

118
121
137
119
61

137
149
163
125
65

134
145
152
118
87

129
137
156
122
70

120
128
139
107
78

106
118
128
81
62

45.7
31.1
8.7
5.9
51.3

45.8
31.7
7.8
6.3
35.3

54.0
31.2
8.4
7.2
49.4

39.1
27.6
5.6
5.9
37.8

40.7
27.2
8.6
4.9
41.7

53.0
38.9
7.1
7.1
54.2

51.8
40.1
4.7
7.1
65.9

46, 895
40, 648
24, 091
16, 557

38, 789
33, 742
19, 994
13, 748

41, 849
36, 039
19, 341
16, 698

36, 639
32, 967
20, 961
12, 006

41, 004
37, 795
23, 970
13, 825

35, 670
31, 995
20, Oil
11, 984

40, 775
2,281
22, 350
1,515
10, 788
388
3,308
207
4,329
171
1,000
82
1,189
52
3,364
115

37, 533
2,300
20, 916
1,528
9,602
392
2,852
208
4,163
172
855
83
936
53
3,160
117

37, 444
2,311
20, 406
1,533
10, 064
398
2,863
208
4,111
172
903
86
1,019
53
3,299
119

36, 884
2,334
20, 176
1,546
9,791
404
2,859
212
4,058
172
864
86
912
53
3,018
126

39, 539
2,349
21, 400
1,552
10, 522
409
3,053
214
4,564
174
965
90
944
54
3,114
130

34, 457
2,142
19, 401
1,460
8,886
332
2,474
183
3,696
167
831
80
790
40
2,417
89

29.29
25.94
236.4
109
101
102

+2.0
+9.0
+3.1
+4.9
+1.4

-1.5
-1.2
+3.1
-6.6
-7.4
+9.1 -11.1

+1.2
+7.1
+3.2
+2.8
+5.2
+3.0

"1
]

+1.5
+2.7
+2.4
+2.8
+2.0
+5.2

!

-2.0 +2.1
0.0
0.0
-10.0 -18.2 --+4.0 +8.3
-6.7
0.0
+2.7 +2.7
0.0 +2.8
+2.2 +9.5
0.0 +3.8
0.0
0.0
0.0
0.0
0.0 -5.6
-3.7 +21.7
-5.5 +16.1
+2.6 +21.9
+3.4 +50.6
-19.5 +12.9

i

_ _

j

._

I
1 |-v -

Factory Labor Turnover
(Percentages of number on pay roll)
Departures:
Total
Voluntary quits
Layoffs _
Discharges
_
Accessions

-

per cent..
per cent
per cent
per cent
per cent

+4.1 -21.4
-1.4 -32.2
+53.6 +83.0
-16.9 -31.0
+10.3 -36.7

l|

.

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 (4 chains)
thous. of dolls..
Total stores operated (4 chains) number
F. W. Woolworth & Co thous. of dolls..
Stores operated
number
S S. Kresge Co
._ thous. of dolls
Stores operated
.number
McCrory Stores Corp
.thous. of dolls__
Stores operated . .
number
S H Kress & Co
thous of dolls
Stores operated
number
Metropolitan
.
.. thous. of dolls
Stores operated
number
F. & W. Grand..
thous. of dolls..
Stores operated
number
W. T Grant Co
thous of dolls
Stores operated
_ .number. _
4
Revised.




* See p. 21 of the September

+11.9
+14.6
+14.4
+15.2
4
34, 088
+7.2
2,154
+0.6
19, 015
+6.1
1,465
+0.4
8,713
+7.5
338
+1.2
4
2, 506
+6.8
184
+0.9
3,854 +12.5
167
+1.2
801 +11.7
+4.7
80
703
+3.5
40
+1.9
2,371
+3.2
92
+3.2
1927 issue for earlier
35, 763
32, 272
19, 605
12, 667

+14.7
+17.1
+22.3
+9.1

325, 374
286, 107
166, 238
119, 869

392, 498
292, 725
174, 657
118, 068

+20.6
+2.3
+5.1
-1.5

+16.0
+9.1
+12.5
+5.9
+20.8
+21.0
+21.8
+16.3
+18.4
+4.2
+20.5
+12.5
+34.3
+35.0
+31.3
+41.3
data.

260, 462

279, 360

145, 617

158, 353

+7.3
+8.7

67, 436

76, 215

+13.0

19, 171

22, 810

29, 238

31, 982

+19.0
+9.4

5,937

6,736

+13.5

5,899

7,249

+22.9

19, 183

23, 198

+20.9

44

TREND OF BUSINESS MOVEMENTS—Continued
fc':1

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

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

•

CUMULATIVE TOTAL ,Per ct.
inFROM JANUARY 1
THROUGH AUGUST 31 ; crease
(+

April

July

June

July

August

107, 517
27, 344

111,900
27, 666

104, 674
27, 869

108, 078
27, 993

88, 856
25, 607

82,976
25,793

8,075
728

8,236
731

8,484
747

8,439
747

7, 656
631

7,548
U 645

9,309
3,406

8,943
3,413

9,080
3.422

8,707 '.
3,451

9,210
3,321

3,350
589

3,621
595

* 3,4 386
600

3,076
606

3,382
561

794
62

784
62

720
62

890 i
62

2,621
271

2,606
275

2,558
277

2,402
1,222

2, 281
1,173

410
21
1,783
17
11, 425
885
6,774
3,105
2,493
290
1,274
94

August, August,
1927,
1927,
from
from
July, August,
1927
1926

August

\ or )decrease
(-)
cumulative
i 1927
from
1926

1926

1927

+3.3 +30.3
+0.4 +8.5

686, 294

945, 021 ! +37.7

58, 573

77,047 i +31.5

8,770 1
3,335

-0.5 +11.8
0.0 +15.8
4i
07
+0.8 +3.5

68. 865

83,601

2.842
563 I

-9.1
+1.0

+8.2
+7.6

25, 891

31, 077

+20.0

976
60

1,095
60

+23.6
0.0

-12.7
+3.3

7,980

8,860

+11.0

2,523
277 .'

2^550
276

2,353
275

-1.4
0.0

2, 256
1,155

2,463
1, 1S3

2,376
1,171

2, 549 1, 153

+9.2
+2.4

+7.2
+0.7 ;
34
+2.6

430
21
1,192
17
11, 377
787
6,471
3,106
2,471
296
1,494
94

415
21
4
1, 068
17
10, 441
842
6,593
3,115
2,447
296
1,372
95

394
21
1,712
17
11,007
854
6,447
3, 143
2,225
297
1,489
95

367
16
1,222
15
8,325
697
6,783
3,027
2,388
285
1,441
91

-5.1
0.0
+60.3
0.0
+5.4
+1.4
-2.2
+0.9
-9.1
+0.3
+8.5
0.0

+17.3
+31.3
+4.2 |
+13.3
+36.1 |
+18.1
-0.4
+3.4
-1.5
+3.5
+6.1
+4.4

17, 827

19,336 j +8.5

10, 618

11,069 1! +4.2

5.2

4.3

6.0

2,350
112, 108

1,864
100, 873

1,734
84, 138

2,138
91, 771

+22.7
-1.5

-0.5
-9.7

19, 565
823, 879

20,038
786, 394

+2.4
-4.5

24, 554
7, 542
1, 761

-8.0
-5.9
-19.4

-7.5
-31.6
-10.7

217, 723
47, 334
11, 638

218,000
43, 703
13, 208

+0.1
-7.7
+13.5

2,4 241
895
3,4 533
724
4
278
4
172
4
73
4
634
2, 247
* 49

4

+23.9
-32.8
-5.9
-52.5
-5.8
-42.4
-19.2
-12.2
-24.3
-38.8

+17.8
+19.0
+19.1
-10.6
-5.8
+86.8
-11.9
-29. 2
-9.9
0.0

17, 125
7,081
29, 101
4,069
4,391
2,262
965
7, 442
14, 989
1, 079

20, 341
6,969
29, 835
4,280
4,330
2,108
966
7,982
14, 929
1,015

3, 4564
30
2, 802

4

3, 4195 i -13.4
41 +40.0
2, 888 -10.9

-3.4
+2.4
-13.5

41, 781
1, 025
27, 441

39, 025
982
27, 727

+18.8
-1.6
+2.5
+5.2
-1.4
-6.8
+0.1
+7.3
-0.4
-5.9
R
-6.6
-4.2
+1.0

May

DISTRIBUTION MOVEMENT-Con.
Retail Sales— Continued
Chain stores:
GroceriesSales
thous. of dolls
108, 071
Stores operated
- . .number _ 27, 057
DrugSales
thous. of dolls -_
8,739
Stores operated
number
746
CigarSales
thous of dolls
9,274
Stores operated
number
3, 414
ShoeSales
thous. of dolls..
4,628
Stores operated
.number .
587
MusicSales
thous. of dolls
938
Stores operated _
number _
62
CandySales
thous. of dolls..
3,117
Stores operated
number
258
Restaurant chains:
Childs Co
thous of dolls
2,443
J. R. Thompson Co
thous. of dolls..
1,198
Other chain stores:
Isaac Silver & Bros
thous. of dolls
465
Stores operated
.number. _
20
Hartman Corporation.
thous. of dolls__
2,424
Stores operated
. . .number..
17
J. C Penny Co
thous. of dolls
13, 508
Stores operated
.number
781
United Cigar Stores Co
thous. of dolls..
6, 652
Stores operated
number
3,112
A. Schulte (Inc.)
.
-thous. of dolls
2,592
Stores operated _
number..
294
Owl Drug Co
thous. of dolls
1,413
Stores operated __
.number __
94
Installment sales in New England department
stores:
Ratio to total sales
per cent..
5.1

i
!
j

!
!

4

4

5.2

336
16
1,643
15
8, 085
*723
6, 472
3.039
2,260
287
1,403
91

i
!
1
!

|L_

+21.4

24,251 ; +26.0

19, 427
19, 480
9,513

19,223 '

2, 473

3,094

-1.3

9,517 ;

0.0

+25.1

12, 295

11,341 !, -7.8

62, 484

81,215 I +30.6

50, 812

50, 875 ;

+0. 1

!!_.

8.6

Advertising
Magazine advertising for the following
month
_
thous. of lines
2,770
Newspaper advertising
thous of lines
112, 123
National advertising in newspapers:
Total
_ . _ .thous. of lines
29, 785
Automobile advertising
thous. of lines. _
5,622
Automobile accessories
thous. of lines. _
1,460
Cigars, cigarettes, and
tobacco
thous. of lines
3,057
Financial- _
thous. of lines..
894
Food, groceries, beverages.. thous. of lines..
4,336
Hotels and resorts
thous of lines
389
Household furniture
thous. of lines..
1,412
Men's clothing
thous. of lines..
492
Musical instruments
thous. of lines. .
186
Radio and electrical
thous. of lines..
968
Railroads and steamships.. -thous. of lines..
1,733
Shoes
_ thous. of lines .
240
Toilet articles and medical
preparations
thous of lines
4,792
Women's wear
thous. of lines..
'283
Miscellaneous
thous. of lines
3,921

2,128 i
82, 865

1,689
88, 051

4
4

32, 175
6,202
2,627

29, 497
5.019
2,379

24, 668
5,487
1,950

22,704 !
5,161
1, 572 j

2,610
911
4,752
804
1,101
450
110
875
2,530
205

2,527
918
4,565
965
549
538
90
944
2,909
148

2,241
895
3,533
724
278
172
73
624
2,246
49

2,776
601
3,325
344
262
99
59
548
1,701
30

4,547
205
4,246

4,052
72
3,822

3,564
30
2,802

3, 087 i
42
2,497

31, 750

29, 323

29, 681

26, 300

28,478

26, 783

26, 714

+8.3

+6.6

232, 272

239, 815

+3.2

3,338

3,082

3,069

2,988

3, 197

3,073

3,003

+7.0

+6.5

25, 137

25, 847

+2.8

11,623
92, 019

10, 348
83, 189

10, 951
85, 373

9,529
76, 970

10, 069
82, 538 1

9,868
79, 733

9,417
77, 674

+5.7
+7.2

+6.9
+6.3

85, 661
664, 149

86. 087
676, 814

+0.5
+1.9

3,378
34, 857

3,240
33, 931

3,126
32, 177

2,994
32, 759

3,162
33, 234

2,970
32, 154

2,892
31,517

+5.6
+1.4

+9.3
+5.4 !

25, 020
259, 378

26,011
259, 593

+4.0
+0.1

Delinquent accounts, electrical trade:
Amount
.dollars.. 247, 479
Number of
firms
number
1,936
4
Revised.

177, 403
1,442

175, 069
1,526

201, 183
1, 427

166, 683
1,585

< 424, 680
5, 487
4
1, 951
4

;

j
i
'

4

4

4
4

4
4

4

4

4

2,4 356
505
2,4 792
385
4
278
4
53
4
67
4
774
1, 4887
30

i
!
|
1

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




167, 635 4 158, 765
1,388
* 1. 386

-17.1 +5.0
+11. 1 +14.4

45
TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

May

June

PEE CENT INCREASE (+) OB
DECREASE (— )

1926

July

August, August,
1927,
1927,
from
from
July, August,
1927
1926

July

August

216, 956
732, 665
161
949, 782

211, 482
781, 361
138
992, 981

221, 697
716, 607
149
938, 453

198, 686
719, 203
157
918, 046

-2.5
+6.6
-14.3
+4.5

978, 721 1, 023, 331
29, 100
30, 488

991, 361
53, 057

958, 771
40, 882

638, 866
200, 835
54, 229
893, 930

658, 562
194, 315
78, 125
931, 002

595, 929
199, 076
55, 632
850, 637

140, 517
47, 108
5, 123
192, 748

133, 755
42, 639
4, 457
180, 851

117, 851
43, 419
4, 102
165, 372

11,078

9,969

10,050

4,847
1,620
3,227

4, 238
1, 572
2,666

2, as

4, 152
920
2,234
850
148

3,899
951
2,132
705
111

3,907
948
2,137
710
112

1,316
763

1,184
648

1,194
659

702, 129
279, 650
153, 663
110, 372
86, 758
71, 686
40, 101

649, 023
241, 270
145, 015
107, 354
84, 572
70, 812
36, 010

August

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

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

1126

1927

+6.4
+8.6
-12.1
+8.2

1,738,024
6, 141, 563
1,373
7, 880, 960

1, 787, 763
6,422,211
1,407
8, 211, 381

+2.9
+4.6
+2.5
+4.2

+4.6
+4.8

+6.7
-25.4

8, 255, 271
375, 684

9, 121, 622
311, 648

+10.5
-17.0

-2.1
+5.1
-18.9
-1.5

+5.0
+6.1
-21.0
+3.5

5, 219, 120
1, 678, 560
551, 896
7, 449, 576

5, 354, 242
1, 736, 923
502, 287
7, 593, 452

+2.6
+3.5
-9.0
+1.9

926, 993
289, 840
34, 082
1, 250, 915

1, 017, 307
319, 832
38, 299
1, 375, 438

+9.7
+10.3
+12.4
+10.0

5, 584, 161 5, 768, 983
2,234,119 2, 372, 293
1, 209, 745 1,272,768
852, 192
881, 344
692, 831
701, 748
578, 899
557, 205
325, 198
304, 928

+3.3
+6.2
+5.2
-3.3
-1.3
+3.9
+6.6

251, 877
183, 524
11, 802

+11.3
+3.1
+9.9

BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents)
Policies, new (45 companies):
Ordinary...
number of policies. . 246, 519 233, 729 236, 429
Industrial
number of policies
902, 343
816,966
851, 905
189
Group. __
number of contracts- .
176
197
Total.. .number of policies and contracts.. 1, 098, 600 1, 136, 269 1, 053, 584
Policies and certificates issued:
Total policies and certificates
number. _ 1, 729, 415 1, 166, 877 1, 094, 437
41, 042
Group insurance certificates certificates. . 30, 991
30, 805
Amount of new insurance (45 companies):
Ordinary
thous. of dolls.. 749, 923 699, 846 696, 742
221, 780
Industrial
thous. of dolls
241, 662
227, 279
Group
thous. of doils.. 46, 960
67, 817
45, 683
Total insurance
thous. of dolls. .1, 024, 162 987, 191 986, 339
Premium collections (45 companies) :
151, 009
149, 993
Ordinary
thous. of dolls
145, 256
46, 584
Industrial
thous. of dolls
45, 050
45, 750
5, 164
5,427
Group
thous. of dolls
4, 943
202, 757
Total
thous. of dolls
195, 949
201, 070
Admitted life insurance assets (41 companies) :
10, 982
10, 812
Grand total
. . mills, of dolls
10, 896
Mortgage loans—
4, 722
Total
mills, of dolls
4,764
4,806
1,617
Farm
_
..mills, of dolls..
1,611
1,615
3, 111
3,189
All other
mills, of dolls
3,149
Bonds and stocks (book value) :
4,117
4,067
Total
mills, of dolls
4, 085
917
914
915
Government...
mills, of dolls
2,225
Railroad
mills, of dolls. . 2,204
2,210
831
Public-utility
mills of dolls
806
816
All other
..
.
mills, of dolls
146
140
145
Policy loans and premium
1,282
1,305
notes.
mills, of dolls
1,291
741
754
Other admitted assets
mills, of dolls. .
756

625, 510
211, 157
43, 977
880, 644

4,290
1, 577

(Life Insurance Sales Research Bureau)
Sales of ordinary life insurance:
United States total (81 cos.). 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 district
thous. of dolls. .
Canada total, 15 eompanies.thous. of dolls..

778, 451
316, 582
173, 372
114, 529
93, 904
80, 064
41, 631

752, 267
309, 265
163, 551
110, 340
91, 834
77, 277
44, 553

763, 495
309, 396
165, 803
115, 180
99, 022
74, 094
45, 298

680, 076
267, 873
151, 721
105, 250
86, 058
69, 174
39, 962

681, 859
261,413
154, 716
103, 6V 1
86, 549
75, 510
38, 360

+.3
-2.4
+2.0
-1.5
+.6
+9.2
-4.0

+5.1
+8.3
+6.7
-3.4
+2.3
+6.6
+6.5

+2.9
-3.8
-.1

+20. 7
+6.3
+9.6

+0.8
+0.8
+18.3
-1.1
+0.5
-1.8

-35.3
-1.6
+14.2
+6.1
+2.6
+5.2

+1.4
-1.1
+1.1

+3.7
+5.9
+3.0

Banking
Debits to individual accounts:
32, 007
New York City
mills, of dolls
27, 659
26, 233
33, 008
31, 653
31, 270
30, 750
22, 054
Outside New York City
mills, of dolls.. 23, 579
23, 674
23, 813
20, 755
22, 937
22, 875
1,474
1,473
Bank clearings (Canada)
mills, of dolls. .
1, 376
1,345
1,586
1,476
1,645
Federal reserve banks:
Bills discounted
mills, of dolls..
444
521
620
- 477
401
497
398
Notes in circulation
mills of dolls
1,671
1,703
1,703
1,662
1,676
1,718
1,740
562
Total investments
mills, of dolls..
585
594
658
576
593
556
3,207
Total reserve
mills of dolls
2,999
3,184
3,154
3,146
2,966
3,181
Total deposits
_
mills, of dolls..
2,314
2,282
2,341
2,399
2,261
2,367
2,330
Reserve ratio..
percent
74.4
78.3
79.5
76.3
77.6
79.7
76.8
Federal reserve member banks:
Total loans and discounts, ..mills, of dolls. _ 14, 353
14, 179
14, 697
13, 976
14, 625
14, 718
14, 488
Total investments
mills, of dolls..
5,652
5,599
5,924
5,992
5,927
5,977
6,050
Net demand deposits
mills, of dolls
13, 041
13, 381
13, 349
12, 846
12, 961
13, 414
13, 200
Brokers' loans, end of month:
To New York Stock
Exchange members _ .thous. of dolls 3, 341, 210 3, 457, 869 3, 568, 967 3, 641, 695 3, 673, 891 2, 997, 760 3, 142, 148
By New York F. R. member
banks
thous. of dolls 2, 882, 994 3, 061, 891 3, 117, 920 3, 141, 193 3, 184, 058 2, 602, 042 2, 758, 274
Interest rates:
New York call loans
per cent
4.34
4.59
4.43
4.31
4.33
3.65
4.00
Commercial paper 4-6 mos.
per cent
4.06
3.95
4.13
4.31
4.13
4.30
4.16
N Y Fed Res. Bank
per cent
3.50
3.81
4.00
4.00
4.00
4.00
3.50
Federal land banks.
percent
5.25
5.25
5.25
5.25
5.25
5.25
5.25
Intermediate credit banks..
per cent _
4.50
4.50
4.50
4.50
4.50
4.50 1
4.50

+0.9

+16.9

+1.4

+15.4

-8.7
-3.3
-12.5
0.0
0.0

-20.5
-3.5
-8.1
0.0
0.0

+0.2

+8.1

226, 316
178, 018
10, 738

"

"j|

"

Savings Deposits
New York State savings
banks, end of month

thous. of dolls _ 3, 963, 170 3, 972, 408 4, 034, 152 4, 023, 347 4, 033, 176 3, 721, 746 3, 729, 404

Public Finances
Government debt, gross
...mills, of dolls.. 18, 941
Customs receipts ._
thous. of dolls.. 51, 253
Total ordinary receipts
thous. of dolls
190, 380
Expenditures chargeable to
ordinary receipts.
_
thous. of dolls.. 310, 511
Money in circulation:
4,784
Total
mills of dolls
Per capita
dollars..
40.99




18, 874
45, 615
170, 370

18, 512
48, 988
742, 691

18, 463
50, 481
173, 970

18, 380
52, 982
202, 182

19, 613
49, 352
36, 020

19, 534
51,815
192, 954

-0.4
+5.0
+16.2

-5.9
+2.3
+4.8

159, 564
387, 976
2, 482, 046

150, 501
390, 146
2, 474, 027

-5.7
+0.6
-0.3

213, 028

363, 717

203, 579

259, 181

222, 095

254, 802

+27.3

+1.7

2, 277, 800

2, 243, 105

-1.5

4,786
40.97

4,745
40.58

4,744
40.53

4,750
40.54

4,858
42.01

4,864
42.02

+0.1
0.0

-2.3
-3.5

46
TREND OF BUSINESS MOVEMENTS—Continued
1927

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

1 PER CENT IN- \ CUMULATIVE TOTAL Per ct.
inCREASE (+) OR
FROM JANUARY 1
| DECREASE ( — )
THROUGH AUGUST 31 crease

1926

i

April

May

June

July

August

July

or decrease

! August, August,
1927,
1927,
August
from
from
! Julv, August,
| 1927
1926

1926

cumulative
1927
from
1926

1927

BANKING AND FINANCE— Continued
Business Failures
Liabilities (United States):
Total commercial
thous. of dolls
Manufacturing
establishments
__ ..thous. of dolls. _
Trade establishments
thous. of dolls..
Agents and brokers
thous. of dolls..
Liabilities (Canada)
thous. of dolls
Firms (United States) :
Total commercial
_.
number. .
Manufacturing establishments. ._ number. .
Trade establishments .
number. .
Agents and brokers
number
Firms (Canada)
number. .

53, 156

37, 785

34, 465

43, 150

39, 196

29, 680

28, 130 1

+39.3 '

267, 698

363, 874

25, 278
22, 308
5,570
1,557

13, 802
19, 978
4,005
1,826

13, 587
17, 856
3,022
2,958

16, 743
16, 832
9,575
1,785

14, 921
14, 702
9,573
1,687

11, 167
14, 614
3,898
2,594

12, 515 -10.9 +19.2 !
14, 096 -12.7
+4.3 i
1,519
0.0 +530. 2 i
1,720 I -5.5
-1.9 •

103, 433
139, 491
24, 775
18, 338

137, 213 +32.7
167, 803 +20.3
58, 858 +137. 6
16, 999
-7.3

1,968
492
1,342
134
152

1,852
444
1,292
116
157

1,833
427
1,310
96
156

1,756
448
1,187
121
144

1,708
438
1,174
96
147

1,605
396
1,122
87
170

1,593
449
1,071
73
141

322, 706

365, 173

553, 553

252, 325

234, 800

321, 542

67, 805
34,150
26, 300
7, 350

74, 475
43, 275
25, 450
5,750

129, 850
65, 200
33, 450
13, 200

91, 225
50, 050
34, 675
6,500

87, 300
48, 100
33, 500
5,700

Foreign governments
thous. of dolls.. 121, 686
Total corporation
thous. of dolls. . 521, 49.6
Purpose of issueNew capital.
thous. of dolls _- 389, 915
Refunding
_
..thous. of dolls.. 131, 581
Kinds of issueStocks
_.
thous. of dolls.. 101, 403
Bonds and notes
thous. of dolls.. 420,093
Class of industryRailroads
_
thous. of dolls
57,830
Public utilities
thous. of dolls .. 196, 731
Industrials
thous. of dolls _. 58, 963
Oil
thous. of dolls-- 79, 500
Land and buildings
thous. of dolls.- 56, 294
Shipping and misc
thous. of dolls .. 71, 851
Bond issues (Canada):
Govt. and provincial.
thous. of dolls.. 10, 044
Municipal
_—
thous. of dolls. . 11,531
Corporation
thous. of dolls.. 31, 260
Tax exempt securities:
Total outstanding, end of
month
mills, of dolls . _ 15, 620
States and municipalities:
Permanent loans
thous. of dolls._ 4 124, 823
Temporary loans
.thous. of dolls.. 67, 252
New incorporations
thous. of dolls- 271, 448

23, 000
711, 861

54, 400
707, 548

25, 596
371,095

81,000
444, 278

12, 520
474, 384

34, 000 +216. 5 +138. 2
243, 450 +19.7 +82.5

249, 492
3, 595, 828

516, 875 +107.2
4,646,335 | +29.2

446, 072
265, 789

538, 295
169, 253

341, 658
29, 437

277, 832
166, 446

414, 635
59, 748

176,155 -18.7 +57.7 3, 113, 144
67, 295 +465. 4 +147.3 i
482, 683

3, 434, 289 +10.3
1, 212, 046 +151.1

127, 464
584, 397

155, 867
551, 682

79, 052
292, 043

153, 887
290, 391

101,036
373, 348

46, 507
196, 943

+94.7 +230. 9 !
912, 078
-0.6 +47.4 ! 2, 683, 750

1,118,669 i +22. 7
3, 527, 488 +31.4

129, 225
255, 614
83, 288
75, 100
41, 510
67, 124

204, 223
155, 006
159, 767
30, 000
74, 720
83, 833

14, 306
115, 360
69, 127
20, 750
48, 936
102, 616

183, 764
109, 821
65, 392
25, 000
38, 292
22, 009

40, 775
211,829
91, 801
6,500
82, 893
40, 585

15, 085
69, 434
66, 035
10, 500
52, 628
29, 618

227, 696
-4.8 +58.2 ! 1, 482, 225
-5.4
-1.0
745, 513
+20.5 +138. 1
187, 537
-21.8 -27.2
490, 428
-78.6 -25. 7
376, 965

820,282 1 +195. 4
1, 704, 603 +15.0
743, 981
-0.2
333, 138 +77.6
448, 406
-8.6
533, 224 +41.5

8, 400
1,517
30, 100

271
2,226
10, 374

None.
4,799
31, 557

None.
904
6,625

5,250
4,950
48, 005

None.
1,051
11, 949

0.0
-81.2
-79.0

14, 977

15,011

82, 322
17, 820
325, 193

90, 694
51, 831
454, 865

-9.2

-2.7
-2.2
-1.1
-20.7
+2.1

+7.2
-2.4
+9.6
+31.5
+4.3

14, 674
3,637
10, 349

+35.9

15,760
3,730
11, 123
907
1,354

1,368

+7.4
+2.6
+7.5
+31.8
-1.0

Dividend and Interest Payments
(For the following month)
Grand total
Dividend payments:
Total
Indus, and misc. corp
Steam railroads
Street railways

thous of dolls
thous. of dolls
thous. of dolls..
thous. of dolls
thous of dolls

6

6

3, 122, 927

2, 854, 157

5
5
5

5

72, 800 |
47, 050
18, 500
6,250

785, 685
5 415, 525
s 232, 665
5
70, 095

+9.4

829, 055
434, 250
243, 825
5
77, 175

+5.5
+4.5
+4.8
+10.1

New Security Issues

15,821

15, 752
4

210, 251
18,010
292, 280

4

165, 120
26, 625
314, 363

15, 829
4
4

88, 295
19, 288
273, 906

68, 853
-6.8
38, 055 ! -7.6
505, 770 i +18.7

Agricultural Finances
Loans outstanding, end mo.:
Federal farm loan banks thous. of dolls- - 1, 117, 914 1, 124, 055 1, 130, 648 1, 134, 896 1, 139, 502 1, 048, 275 1, 053, 336
610, 794
Joint-stock land banks
thous. of dolls- 614, 481 617, 220 607, 517 607, 679 609, 891
605, 718
Federal intermediate credit
78, 083
banks
thous. of dolls. . 76, 895
70, 888
65, 051
64, 252
64, 408
71, 139
10, 504
4,846
5,050
4,569
War finance corporation thous. of dolls-4,731
10, 803
5,220

+0.4
+0.4

0.0
-14.0
-44.6

54,966 j -67. 2
41, 993 +10.3
145,035 -16.7

167, 393
38, 085
174, 209

+19.6
902, 861
-53.2 i
482, 493
-35. 7 8,061,073

1,011,601
368, 839
3, 467, 589

+12.0
-23. 6
-57. 0

+8.2 i
-0.1

+0.2
-3.4

-17.5
-56.5

i

Stocks and Bonds
Stock prices, average daily closing:
25 industrials, average
dolls, per share. 25 railroads, average
dolls, per share-103 stocks, averagedolls, per share-Southern cotton mill
stocks
_.
dolls, per share. .
Bond prices:
Highest grade rails— p. ct. of par, 4% bondSecond-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..
Stock sales:
N. Y. Stoqjs: Exchange thous. of shares. Bond sales:
Miscellaneous
..thous. of dolls. .
Liberty-Treasury
-thous. of dolls..
Total
thous. of dolls..

199. 99
110. 74
121. 65

209. 83
113. 60
131.18

211. 25
115. 63
125. 45

221. 90
117.00
135. 83

229. 99
117. 42
141.17

163. 01
93.77
112. 75

172. 22
96.14
115. 64

+3.6
+0.4
+3.9

+33 5
+22.1
+22.1

111.36

111. 93

112.34

112. 48

111.05

110. 58

110. 33

-1.3

+0.7

94.74
84.48
76.19
79.58
83.19

95.06
84.84
76.49
79.38
83.37

93.48
84.10
76. 76
78.37
82.69

93.57
84.16
76.85
78.60
82.81

94.58
85.43
78.23
79.55
83.98

89.11
81.53
75.14
77.79
80.56

89.23
81.20
74.78
78.09
80.48

+1.1
+1.5
+1.8
+1.2
+1.4

+6.0
+5.2
+4.6
+1.9
+4.3

j

49, 636

46, 598

47, 630

38, 493

51, 057

36, 732

44, 189

+32.6

+15. 5

298, 913

368, 391

+23.2

290, 520
25, 800
316, 320

303, 510
31, 163
334, 673

288, 469
34, 837
323, 306

252, 423
17, 289
269, 712

290, 948
13, 070
304, 018

221, 926
20, 052
241, 978

203, 543
11,906
215, 449

+15. 3
-24.4
+12.7

+42.9
+9.8
+41.1

1, 900, 685
182, 939
1, 983, 624

2, 347, 905
208, 267
2,556,172

+23. 5
+13.8
+28.9

104. 14

103. 71

103. 58

104. 14

102. 74

102. 56

+0.5

+1.5

105. 07
101. 03

104. 96
100. 63

105. 42
100. 79

105. 67
101.34 i

103. 40
99.15

103. 61
99. 08 '

+0.2
+0 5

+2.0
!9 3

(For 1st of following month)
5 Liberty bonds
p. ct. of par— 103. 41
16 foreign government and
city
p. ct. of par— 104. 74
Comb, price index, 66 bonds._p. ct. of par. . 100. 67
< R evised.




i

« C u aiulative t irough Jul y31.

!

!

47

TREND OF BUSINESS MOVEMENTS—Continued
1927

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

April

May

PER CENT INCREASE (+) OR
DECREASE (— )

1936

July

June

July

August

August

August, August,
1927,
1927,
from
from
August,
July,
1927
1926

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

1926

1927

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

BANKING AND FINANCE— Continued
Stocks and Bonds— Continued
4

3.95

3.95

4.01

4.06

4.02

4.11

4. 11

-1.0

-2.2

49, 794

35, 520

68, 556

39, 719

32, 247

69, 408

48, 220

-18.8

-33.1

438, 215

389, 434

-11.1

25, 912
13, 937

13, 740
9,165

36, 766
23, 960

12, 223
15, 040

19, 435
4,482

43, 660
18, 125

18, 845
18, 760

+59.0
-70.2

+3.1
-76.1

238, 867
88, 588

174, 186
105, 104

-27.1
+18.6

1,470

1,975

2,790

4,575

2,080

3,138

8,000

-74.0

57, 385

53, 043

-7.6

18,177
11, 380
2,720

10, 070
600
3,430

26, 645
3,781
4,340

6,828
2,065
3,680

7,700
7,170
4,700

22, 640
29, 345
8,850

8,915 +12.8
8,960 +247. 2
7,070 +27.7

-13.6
-20.0
-33.5

179, 836
85, 943
57, 921

119,738

-33.4
-61.8
-35.7

66, 956
859
34, 212
2,510

66,411
855
14, 611
1,840

91, 428
852
10, 373
1,803

91, 245
863
7,877
1,524

82, 696
860
19, 820
5,070

97, 426
844
11,979
29, 743

-0.2
+1.3
-24.1
-15.5

-6.3
+2.3
34 2
-94.9

611, 745
6,592
154, 920
76, 549

605, 169

4,811
1,393
7,791

4,931
1,614
9,212

4, 838
1,752

5,036
1,549

4,673
2,665
6,980

5,270
2, 142
6,134

+4.1
-11.6

-4.4
-27. 7

40, 550
13,918

39, 607
12, 741 !

231
602
5,083
6,026
.563

284
474
4,790
5,444
.568

904
847
4,231
6,614
.564

508
624
4,489
5,590
.547

821
772
5,949
7,921
.648

575 -43.8
738 -26.3
5,989
+6.1
8,041 -15.5
.624 i -3.0

-11.7
-15.4
-25.0
-30.5 I
-12.3

48, 925
65, 331

35, 716
50, 196

4.86
.039
.050
.139
.400
.268
.192

4.86
.039
.054
.139
.400
.268
.192

4.86
.039
.056
.139
.401
.268
.192

4.86
.039
.055
.139
.401
.268
.193

4.86
.039
.054
.139
.401
.268
.193

4.86
.025
.034
.028
.402
.268
.194

4.86
.028
.033
.028
.401
.268
.193

0.0
0.0
-1.8
0.0
0.0
0.0
0.0

0.0
+39.3
+63.6

dolls, per yen..
dolls, per rupee _ _

.484
.361

.471
.362

.467
.362

.471
.361

.473
.361

.471
.363

.478
.364

+0.4
0.0

-1.0
-0.8

dolls per Canadian doll
dolls per gold peso
. dolls, per milreis _
dolls per paper peso

1.001
.962
.118
.120

1.001
.962
.118
.120

.999
.964
.118
.120

.999
.966
.118
.120

.999
.968
.118
.120

1.001
.921
.156
.121

1.001 i
0.0
.920
+0.2
.154
0.0
.121
0.0

-0.2
+5.2
-23.4
-0.8

thous of dolls

375, 734

346, 501

354, 892

319, 368

369, 001

338, 960

+15.5

+9.7

thous of dolls
thous. of dolls
thous of dolls
thous. of dolls
thous of dolls

107, 517
13, 454
17, 817
11,061
27, 762

99, 724
11, 158
14, 145
9,006
31, 469

100, 842
12, 908
14, 153
8,499
29, 595

96, 647
11, 784
16, 148
7,920
29, 344

95, 153 * 4105, 873
10, 189 4 12, 047
18, 309
15, 418
7,084
6,735
27, 323 4 27, 347

thous. of dolls
thous of dolls

86, 436
36, 135

85, 976
39, 537

89, 866
40, 609

77, 839
38, 167

78, 699
39, 696

4
4

thous. of dolls .
thous of dolls

46, 894
9,388

36, 637
6,581

40, 365
8,921

37, 630
6,771

41,051
5,088

4

thous. of dolls
thous of dolls
thous. of dolls

125, 134
31, 864
9 752

118, 893
33, 097
5,272

115, 358
36, 035
8,474

100, 335
30, 025
6,925

117, 336
35, 528
6,721

4

thous. of dolls .

152, 906

135, 718

144, 212

131, 299

4

thous. of dolls _
-thous. of dolls..
thous. of dolls_.
thous. of dolls. _

43, 045
46, 876
64, 537
68, 370

37, 163
39, 392
63, 783
70, 445

42, 663
35, 470
66, 702
79, 954

42, 189
29, 222
65, 687
70, 562

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 structureOffice and other
commercial
thous. of dolls..
Hotels .
thous. of dolls. _
Apartments
_
thous. of dolls..

GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces..
68, 531
824
Rand output
thous. of ounces
Imports
thous of dolls
14, 503
2,592
Exports
thous of dolls
Silver:
ProductionUnited States
thous of fine oz
4,712
Canada
thous. offineo z _ _ 1,716
Mexico
thous. of fine oz
7,737
Stocks, end of month602
United States
thous of fine oz
Canada
thous. of fine oz _
723
Imports
_
_
thous. of dolls..
3,815
6,824
Exports
thous. of dolls
.564
Price at New York
dolls, per fine oz__

4

32, 831
37, 252

-1.1
+2.1
+15.9
-56.6

6,733
179,622
33, 198

-2.3
-8.5

-27.0
-23.2

FOREIGN EXCHANGE RATES
Europe:
England .
France . _ _
Ita!"*7
Belgium...
Netherlands
Sweden..
Switzerland
Asia:
Japan
India..
Americas:
Canada
Argentina
Brazil _ ._
Chile

dolls per £ sterling
. dolls, per franc .
dolls per lire
.dolls, per franc. .
dolls per guilder
dolls, per krone..
dolls, per franc

0.0
0.0
0.0

I
1

1
i

""

"" ""

i!" ""

1
||

U. S. FOREIGN TRADE
Imports
Grand total
By grand divisions:
EuropeTotal
France..
Germany
Italy
United Kingdom
North AmericaTotal .
Canada
South America—
Total
Argentina
Asia and OceaniaTotal
....
Japan
Africa, total .
By class of commodities:
Crude materials
.
Foodstuffs, crude, and
food animals
.
Manufactured foodstuffs..
Semimanufactures
Finished manufactures




4

Revised.

4

137, 509
4
4
4

39, 619
42, 171
60, 386
75, 207

4

4

121, 248

4
4

34, 269
35, 086
61, 521 i
67, 244 1

4

2, 977, 475

2, 811, 545

-5.6

s 726, 693
5 80, 017
5 112, 608
5 52, 007
5 225, 489

s 710, 717
5
90, 138
5
107, 763
5
60, 945
5
199, 151

-2.2
+12.6
4 3
+17.2
-11.7

80, 013
38, 912

s 590, 719
s 264, 337

5
582, 106
5 262, 978

-1.5
-0.5

44, 623
5, 832

s 348, 180
6
57, 179

s 297, 838
5
54, 283

-14.5
-5.1

101, 101
37, 397
4,867

5 915, 888
5 213, 425
5
69, 516

5
793, 451
s 225, 339
5
59, 453

-13.4
+5.6
-14.5

336, 477

~*
!

4

4

1, 110, 566

-10.7

351,277

326, 544

272, 984
546, 313
563, 793

499, 582
562, 962

-7.0
+14.3
-8.6
-0.1

124, 289

+18.9

+16.0 ! 1,243,107

4
4
4
4

+24.5
+1.1
+8.4
+18.9

+1.5
+16.1
+3.7
+6.2

42, 050
30, 557
64, 308
75, 273

« Cumulative through July 31.

311,890

48

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

PER CENT INCREASE (+) OR
DECREASE (— )

1926

1927

April

May

June

July

August

July

415,377

393, 141

356, 968

345, 975

375, 000

368, 317

CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH AUGUST 31

August, August,
1927,
1927,
from
from
July, August,
1927
1926

August

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

1*26

1927

2, 959, 619

3, 087, 502

+4.3

51,167,529 51,234,957
s 144, 038 s 112, 551
« 151, 900 5 234, 444
5 88, 943
s 68, 823
s 492, 132 5 472, 085

+5.8
-21.9
+54.3
-22.6
-4.1

U. S. FOREIGN TRADE— Continued
Exports
Grand total, including
reexports
_
thous. of dolls. _
By grand divisions:
EuropeTotal
thous. of dolls
France
thous. of dolls
Germany
thous. of dolls
Italy
thous. of dolls
United Kingdom
thous of dolls
North AmericaTotal
thous. of dolls
Canada
thous. of dolls
South America —
Total
thous. of dolls
Argentina
thous of dolls
Asia and OceaniaTotal
thous. of dolls
Japan
thous. of dolls
Africa total
thous of dolls
Total domestic exports only
thous. of dolls..
By classes of commodities:
Crude materials
thous. of dolls
Foodstuffs, crude, and
food animals
thous. of dolls
Manufactured foodstuffs... thous. of dolls..
Semimanufactures
thous of dolls
Finished manufactures
thous. of dolls..
Agricultural exports (quantities) :
All commodities
index number
All commodities except
cotton
index number

4

166, 047
12, 769
20, 366
12, 201
77, 446

4

101, 911
66, 100

4

187, 598
17, 069
35, 999
9,599
64, 671

172, 061
18, 086
31,367
8,352
61, 638

155, 328
14, 907
29, 941
9,496
56, 103

147, 131
11,411
24, 133
7,940
56, 603

110, 551
74, 459

120, 061
83, 982

108, 072
74, 312

99, 029
64, 768

39, 623
13, 306

33, 947
12, 388

31, 472
11,389

36, 038
15, 241

37, 299
11, 464

67, 030
20, 985
10, 572
405, 001

59, 203
18, 550
7,869
382, 385

54, 331
13, 698
7,764
348, 546

4,271
15, 460
9,506
333, 350

367, 599

54, 434
17, 805
8,625
360, 451

55, 024

55, 137

72, 006

4

21, 910
31, 283
4
59, 202
165, 931

46, 770
34, 163
59, 783
171, 746

33, 908
35, 412
53, 135
165, 990

4
4
4

4

85, 824

74, 831

31, 514
39, 192
59, 410
189, 061

30, 684
36, 933
60, 959
178, 981

4

4

4

4

63, 349

25, 207
36, 355
4
62, 485
4
161, 150

4

+8.4

-2.5

186, 040
14, 896
27, 950
10, 817
4
73, 481

4
4

101, 627
69, 103

5 679, 580
5 419, 762

5 714, 079
5 468, 170

+5.1
+11.5

4
4

5 248, 403
5 80, 458

s 256, 074
5 100, 782

+3.1
+25.3

5 423, 972 s 446, 251
« 138, 689 « 142, 987
• 55, 691
5 61, 146
2, 893, 361 3, Oil, 380

+5.3
+3.1
+9.8
+4.1

4

4

4

384, 449

34, 288
11, 724

53, 654
14, 255
8, 840
4
378, 325
4

4

4

+10.3

-2.8

+.2

-27.3

645, 104

666, 896

+3.4

50, 088 +113.5
+9.2
42, 761
53, 223
+1.0
+3.5
156, 463

-6.6
-20.1
+12.3
+9.8

188, 418
314, 771
423, 288
1, 321, 780

219, 227
294, 652
474, 129
1, 358, 479

+16.4
-7.4
+12.0
+2.6

+10.8
+4.7

665, 220
765, 307

724, 577
745, 932

+8.9
-2.5

75, 790

128

108

89

75

82

104

140

135

118

102

126

171

74, 298
78, 404

94, 412
111, 298

101,018
107, 201

91, 369
80, 787

88, 605
111, 595

89, 670
91, 663

CANADIAN FOREIGN TRADE
TotaFtrade:
Imports
Exports

thous. of dolls
thous. of dolls
4

99, 348
95, 955

Revised.

+8.7
+18.8

5 Cumulative through July 31.

OUTPUT OF CANNED FISH PRODUCTS, 1921 TO 1926 *
[Cases have been converted to a standard basis as follows: Salmon, 48 one-pound cans; Maine sardines, 100 quarter-pound cans; California sardines,
48 one-pound cans; tuna and tunalike fishes, 48 half-pound cans; oysters, 48 five-ounce cans; and shrimp, 48 No. 1 cans]
Salmon
I

YEAR

Pacific
Coast States
(cases)

Total

1921
1922
1923
1924
1925
1926

_

3 599, 774
5 234. 898
6, 402, 960
6, 253, 577
6, 018, 550
7, 488, 620

1, 002, 94S
733, 246
1,367,263
958, 662
1, 558, 618
835,738 !
|

Alaska
(cases)

Mainesardines
(cases)

1, 399, 507
1, 869, 719
1, 272, 277
1, 899, 925
1, 870, 786
1, 717, 537

2, 596, 826
4, 501, 652
5, 035, 697
5, 294, 915
4, 459, 937
6, 652, 882

Menhaden industry
YEAR

1921
1922
1923
H924
1925
1926




_

California
sardines
(cases)

398, 668
715, 364
1, 100, 162
1, 367, 139
1,714,913
2, 093, 278

Tuna and
tuna-like
fishes
(cases)

37, 858
67, 821
43, 452
21, 008
30, 167
24, 226

6, 260, 478
7, 102, 677
7, 461, 365
3, 923, 904
6, 023, 108
3, 942, 821

i Compiled by the U. S. Department of Commerce, Bureau of Fisheries.

O

Shrimp
(cases)

655, 364
579, 797
700, 429
718, 517
735, 714
732, 365

Miscellaneous by-products

Dried scrap j Crude or
Oil (gallons) and meal green scrap
(tons)
(tons)
1

44, 804
25, 755
44, 935
24, 409
41, 463
23, 553

442, 086
505, 973
524, 544
447, 481
654, 755
413, 834

549, 150
672, 321
817, 836
652, 416
1. 102, 471
' 851, 199

1

Dried scrap Acidulate d
and meal
scrap
(tons)
(tons)

Oysters
(cases)

22, 173
21, 638
22, 636
30, 847
39, 566
37, 703

1,810
390
1, 593
4,097
5,787
6,456

Shrimp
bran
(tons)
628
562
1, 269
936
1, 079
1, 036

and
jFish
r
hale oils
(gals)

M

1,185,803
3, 432, 796
3, 912, 436
5, 287, 391
7, 263, 968
6, 945, 225

Crushed
oyster shell
(tons)

185, 474
236,021
224, 983
219,211
226, 971
251, 166

PUBLICATIONS OF THE DEPARTMENT OF COMMERCE
Recent publications of the Department of Commerce having the most direct interest to readers of the SURVEY OF CURRENT (
BUSINESS are listed below. A complete list may be obtained by addressing the Division of Publications, Department of Commerce,
at Washington. Copies of the publications may be purchased from the Superintendent of Documents, Government 'Printing
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made of electricity in commerce and industry and for public
OFFICE OF THE SECRETARY
utilities. Price, 10$.
Air Marking for Cities.—Information Bulletin No. 38;
Trade Financing and Exchange in Egypt, Greece, and
I page. ^ Suggestions for marking roofs of buildings as aid in Turkey, by James F. Hodgson, Gardner Richardson, Juliai* E.
identifying cities by pilots of airplanes.
Gillespie, American commercial attache's. Trade Information
Commercial and Government Radio Stations of United Bulletin No. 506; U-F30 pages. This bulletin describes the »
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by State and city where located, and by wave lengths. Price,
Foreign Trade of United States in Fiscal Year 1920-27, by
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Lawrence B. Mann and Grace A. Witherow. Trade InformaRadio Service Bulletin, August^ 1927.—16 pages. Published tion Bulletin, No. 507; iv+19 pages. This is the,fifth in the ;
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!
radio stations and references to current radio literature.
Single
Electrical Development and Guide to Marketing of Electrical
j
v
copies, 5#; annual subscription, 25$.
Equipment in Peru.—Trade Information Bulletin No. $Q$; ,
Sawdust and Wood Flour Report of National Committee ii-f 29 pages. In this bulletin are discussed the possibilities i
on Wood Utilization.—iv-J- 26 pages. This publication de- for power development; the present usage of ^lectificity in ,'
scribes the utilization of sawdust and the manufacture of wood industry, transportation, and communication; and imports into
flour and its uses. Price, 100.
Peru o f electrical equipment. Price, 100.
' ' , ' " !

BUREAU OF THE CENSUS
(For information concerning plan of publication and distribution of census publications, address the Director of the Census)

Financial Statistics of States, 1926.—Contains complete statistics concerning the revenues, expenditures, indebtedness,
and assessed valuation of property and tax levies for each of
the 48 State governments. Paper, 133 pages, price 20$.
** Census of Manufactures, 1925: Size of Establishments by
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United States, 1914 to 1925. It also shows the average number
of wage earners, by months, for the United States, for all industries combined, 1914 to 1925, and for individual industries,
1925. Paper, 31 pages, price 5$.
Census of Manufactures, 1925: Industry Bulletins.—These
reports present statistics concerning value of products, value
added by manufacture, number of wage earners, etc.: The Drug
Industry, 20 pages; Lumber
and Allied Products, 92 pages;
Knit Goods, 36 pages,4 Miscellaneous Fiber and Textile Products, 30 pages; Wood Distillation and Charcoal Manufacture,
II pages; Paints and Varnishes, Bone Black, Carbon Black and
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and Related Industries, 42 pages. Paper, price 100.
Census of Agriculture, 1925: Summary Statistics by States.—
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Paper, 83, pages, 1 illustration, price, 15$.
Census of Agriculture, 1925: Supplemental Data.—State
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BUBEAU OF FOREIGN AND DOMESTIC COMMERCE
Monthly Summary of Foreign Commerce of the United
States, July 1927.—Parts I and II, Part I contains statistics
of exports of domestic merchandise, and imports by articles
for July, 1926 and 1927, and for 7 months ended July, 1926
and 1927. Part II contains summaries of export and import
trade; monthly average import and export prices; statistics
of trade with Alaska, Hawaii, and Porto Rico. Single copies,
Part I, 10$; Part II, 5$. Annual subscription, $1.25.
Construction and Construction Materials, Summary of
Leading Developments During Year 1926,—(From Commerce
Yearbook, 1926, pp. 312-359, 8 charts.) This reprint was
issued for the Division of Building and Housing of the Bureau
of Standards.
Electrical Development and Guide to Marketing of Electrical Equipment in Japan.—Trade Information Bulletin No.
505; ii+25 pages. This bulletin gives a brief account of the
transportation facilities, industries, power resources, and uses



BUREAU OF STANDARDS
Weights and Measures Administration, by Kalph W. Smith.
Handbook Series No. 11; vi+270 pages. In this publication
are described the methods of {supervision of weights and me£,s-]
ures in various countries. Price, 700.
Technical News Bulletin, August, 1927.—13 pag0s. Tnis
monthly publication contains items describing the laboratory
activities of the Bureau and a list, of publications issued during
the preceding month. Annual subscription, 250.
I
United States Government Master Specifications^These
specifications for the purchase of material for the use of Government departments are issued as circulars of the Bureau of
Standards. Those listed below by circular number may be
obtained at 50 each:
;
,No. 339. Leather, Rigging. 6 pages, 2 illustrations.
No. 340. Leather, Hydraulic Packing (Vegetable Tanned). 6 pages, 3
illustrations,
No. 342. Tile, Hollow, Clay, Load-Bearing Wall. 5 pages.
No. 343. Tile, Hollow, Clay, Fireproofiag, Partition,'and Furring. 4 pages,
No. 344. Tile, Hollow, Clay, Floor. 5 pages. ,
' ', >
No. 345. Brick, Clay, Common. 5 pages.

BUREAU OF MINES
Mineral Resources of United States, 1925.—The reports on
mineral resources are issued in the form of separate bulletins, ,
of which the following has been released since the September announcement and may be obtained at, 10$; ^
^
, ',
Gold. Silver, Copper. Lead, and Zinc in Montana in 1925. (
(Pt. I, pp. 623-662.) •
,
Mineral Resources of United States, 1926.—The 'following
have been issued since the September announcement and may ,
be obtained at 5$ each:
, ^
Arsenic in 1926. (PL I, pp. 19-23.)
,
Bauxite and Aluminum in 1926. (Pt. I, pp. 51-65.)
Platinum and Allied Metals in 1926. (Pt. I, pp. 9-18.)
Selenium and Tellurium in 1926. (Pt. I, pp. 25-27.)

„

r

|

Function of Steam in Limekiln, by Ernest E. Berger. Tech*
nical Paper 415; iv+43 pages, 5 illustrations. This is a report'
on an investigation to determine the effect of steam on the
calcination of limestone. A bibliography is include^* Price,
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Production of Explosives in United Stated during Calendar
Year 1926, with Notes on Mine Accidents Due to Explosives; ,
by William W. Adams. Technical Paper 426; ii+46 pages.
Price, 10$.
,

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American Documented Seagoing Merchant Vessels of 500
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COAST AND GEODEtlC SURVEY
United States Coast Pilot, Atlantic Coast: Section A, St.
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directions for navigation of the waters of this region. Price, 75$.
Seismological Report, January, February, March, 1926, by
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world. Price, 10$.

THE OFFICIAL RECORD OF OUR STRIKING INDUSTRIAL PROGRESS
\

THE COMMERCE YEARBOOK (Vol. I) FOR 1926 IS NOW AVAILABLE
You are undoubtedly aware that the year 1926 was one of marked prosperity in
American trade and industry. But do you know that all previous records were broken
in manufacturing output, banking transactions, and railroad traffic? That steel, lead,
and petroleum production reached levels never before attained? That cotton production was higher than the record figure of 1914? That, allowing for price differences,
our overseas shipments were the largest in history, even exceeding the war-inflated peak
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The complete and authentic story of this remarkable industrial progress is
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The comprehensive character of the Yearbook is shown by its contents.
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Resume of general business conditions.
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trade*
Sections on all major commodities.
Studies of transportation, fuel and power, banking, and foreign
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Bound in cloth—liberally amplified with charts, maps, and tables
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