Full text of Survey of Current Business : October 1927
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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 Office, Washington, at the prices stated. If no price is mentioned, the publication is distributed free. made of electricity in commerce and industry and for public OFFICE OF THE SECRETARY utilities. Price, 10$. Air Marking for Cities.—Information Bulletin No. 38; Trade Financing and Exchange in Egypt, Greece, and I page. ^ Suggestions for marking roofs of buildings as aid in Turkey, by James F. Hodgson, Gardner Richardson, Juliai* E. identifying cities by pilots of airplanes. Gillespie, American commercial attache's. Trade Information Commercial and Government Radio Stations of United Bulletin No. 506; U-F30 pages. This bulletin describes the » States.-—iv-f 137 pages. This publication gives lists of sta*- methods,of financing foreign trade and exchange transactions tions arranged alphabetically by station names, by call letters, of the countries named. Price, 10$. by State and city where located, and by wave lengths. Price, Foreign Trade of United States in Fiscal Year 1920-27, by 15$. Lawrence B. Mann and Grace A. Witherow. Trade InformaRadio Service Bulletin, August^ 1927.—16 pages. Published tion Bulletin, No. 507; iv+19 pages. This is the,fifth in the ; monthly in the interest of radio service. Contains lists of series of annual bulletins on the trade of the United Sijates. ! radio stations and references to current radio literature. Single Electrical Development and Guide to Marketing of Electrical j v copies, 5#; annual subscription, 25$. 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$. ** Census of Manufactures, 1925: Size of Establishments by Value of Products and Monthly Employment of Wage Earners.—This report gives statistics showing the size of establishments by value of products,, by industries, for the United States, 1925, and combined statistics for all industries for the United States, 1914 to 1925. It also shows the average number of wage earners, by months, for the United States, for all industries combined, 1914 to 1925, and for individual industries, 1925. Paper, 31 pages, price 5$. 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 Lampblack, 21 pages; Cotton Manufactures, 31 pages; Chem* ieals, 44 pages; Paper, price 5$ each. Printing and Publishing and Related Industries, 42 pages. Paper, price 100. Census of Agriculture, 1925: Summary Statistics by States.— This report presents a summary of the statistics concerning farms and farm acreage, farm values,, mortgage debt, livestock on farms and i livestock products, value of crops and acreage and production of principal crops, farm population, number of farms reporting specified crops, and cooperative marketing. Paper, 83, pages, 1 illustration, price, 15$. Census of Agriculture, 1925: Supplemental Data.—State bulletins presenting statistics concerning farm population distributed by age, sex, color and tenure, and supplemental crop and livestock data, by counties, Alabama, 22 pages; Louisiana, 21 pages; North Carolina^ 33 pages; Tennessee, 30 pages; Arkansas, 51 pages; Georgia, 26 pages; Oklahoma, 26 pages. Paper, price 5$ each. Mississippi, 26 pages; Kentucky, 39 pages; Texas, 51 pages. Paper, price 10$ each. 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, 10$. Production of Explosives in United Stated during Calendar Year 1926, with Notes on Mine Accidents Due to Explosives; , by William W. Adams. Technical Paper 426; ii+46 pages. Price, 10$. , BUREAti OF NAVIGATION American Documented Seagoing Merchant Vessels of 500 Gross Tons and Over, August, 1927. ii-f 64 p&ges. Published monthly. Single copies, lOo; annual subscription, 75$. COAST AND GEODEtlC SURVEY United States Coast Pilot, Atlantic Coast: Section A, St. Croix River to Cape Cod.—-Serial No. ,382; vi-f-S56 pages, 12 illustrations, map. This publication gives Rescript,ons Tf the, coast between St. Croix River and Cape Cod and sailing directions for navigation of the waters of this region. Price, 75$. Seismological Report, January, February, March, 1926, by Frank Neumann and Jerry H. Service. Serial No, 395; 52 pTges. The publication consists of tables showing ,the date, locality, and intensity of earthquakes in various parts of the ' 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 of 1919? The complete and authentic story of this remarkable industrial progress is told in the Commerce Yearbook for 1926. The underlying basic features of business—its fluctuations and tendencies—are fully presented and critically reviewed. As a source of facts and figures bearing on the economic life of this Nation the Yearbook is unequaled. Its material has been gathered from every available source and subjected to expert analysis. The Yearbook can be quoted with assurance of correctness. The comprehensive character of the Yearbook is shown by its contents. These include: Resume of general business conditions. Discussions of production, distribution, employment, and domestic trade* Sections on all major commodities. Studies of transportation, fuel and power, banking, and foreign trade. Bound in cloth—liberally amplified with charts, maps, and tables Copies of the Commerce Yearbook for 1926 (Vol. I) may be obtained from any district or cooperative office of the Bureau of Foreign and Domestic Commerce listed below or direct from the SuperVOLUME II TO COVER intendent of Documents, GovFOREIGN COUNTRIES ernment Printing Office, Washington, D. C. Remittances This year for the first time a should be made payable to the survey of the principal foreign Superintendent of Documents. countries has been made and will be issued as Volume II of the PRICE ONE DOLLAR Commerce Yearbook. 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