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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
APRIL, 1922
No. 8

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
BUREAU OF STANDARDS
Subscription price of the SURVEY OF CURRENT BUSINESS is $1 a year; single copies, 10 cents. Foreign subscriptions,
$1.50; single copies, including postage, 20 cents. Subscription price of COMMERCE REPORTS is $3 a year; with the
Survey, $4 a year. Make remittances only to Superintendent of Documents, Washington, D. C , by postal money
order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted.




CONTENTS.
Page. I

Wholesale price comparisons
Business indicators
Summary for February (text)
Trend of business movements (table)
New data:
Stocks of coal
Flaxseed

Page.

5
New data—Continued.
6I
Argentine movement of grain and
7
Mineral oils and clay fire brick
19 j
Miscellaneous
Canadian employment and
35 I Sources of data
36

flaxseed
finance

37
38
40
42
43

INTRODUCTION.
at the earliest possible moment,
and thus overcome delays in printing, mimeographed
sheets are distributed twice a month to those subscribers who request them. One set is issued immediately after the 20th of the month giving data on
such items as have been received up to that time, and
another set of sheets is mailed at the end of the month
giving figures received between the 20th and the end
of the month. The information contained on these
sheets is also published in "Commerce Reports,"
issued weekly by the Bureau of Foreign and Domestic
Commerce, appearing therein usually the week after
the mimeographed sheets are prepared. Requests for
the mimeographed sheets, which are mailed free of
charge to all subscribers of the SURVEY who request
them, should be addressed to the Bureau of the
Census, Department of Commerce, Washington, D. C.

The SURVEY OF CURRENT BUSINESS is designed to
present currently each month a picture of the business
situation by setting forth the principal facts regarding the various lines of trade and industry. These
facts are arranged so as to give comparisons with previous periods; and to facilitate comparisons between
the various items, index numbers have been calculated showing the relation of any month to a base
period, usually the monthly average for 1913. Index
numbers are further explained in the heading of the
table " Trend of business movements " on page 19.
Detailed figures for previous months and years are
given for each item once every quarter, in the issues
appearing in February, May, etc., while in the intervening months the table "Trend of business movements" gives all the current data. In order to make
current data available to readers of the SURVEY OF




CURRENT BUSINESS

(3)

DIAGRAM 1.—COMPARISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PREWAR.




(Relative prices in 1913=100.)
INDEX NUMBERS
300
400
WHEAT
CORN
POTATOES
COTTON
COTTON SEED
WOOL
CATTLE. BEEF
HOGS
LAMBS
WHEAT. SPRING
WHEAT. WINTER
CORN. NO 2
OATS
BARLEY
RYE. NO. 2
TOBACCO. BURLEY
COTTON. MIDDLING
WOOL. OHIO. UNWASHED

CATTLE. STEERS
HOGS. HEAVY
SHEEP. EWES
SHEEP. LAMBS
FLOUR. SPRING
FLOUR. WINTER
SUGAR. RAW
SUGAR. GRANULATED
COTTONSEED OIL
BEEF. CARCASS
BEEF. STEER. ROUNDS
PORK. LOINS
COTTON YARN
COTTON PRINT CLOTH
COTTON SHEETING
WORSTED YARN
WOMEN'S DRESS GOODS
SUITINGS
SILK. RAW
HIDES. PACKER'S
HIDES. CALFSKINS
LEATHER. SOLE
LEATHER. CHROME
BOOTS AND SHOES
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE
PETROLEUM
WG IRON. FOUNDRY
PIG IRON. BESSEMER
STEEL BILLETS
COPPER

TIN
ZINC
LUMBER. PINE. SOUTHERN
LUMBER. DOUGLAS FIR
BRICK. COMMON. NEW YORK
BRICK. COMMON. CHICAGO
CEMENT
STEEL BEAMS
RUBBER. CRUDE
SULPHURIC ACID

WEZ2& PEAK PRICE
• H H PRICE IN FEBRUARY, 1922

WHOLESALE PRICE COMPARISONS.—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS.
NOTE.—Prices to the producer on farm products are from U. 8. Department of Agriculture, Bureau of Markets and Crop Estimates. All other prices are from U. S.
Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent prices to the producer or at the mill. See diagram on opposite page.

Date and maximum
relative price.

COMMODITIES.

Dec,
1921.

Jan.,
1922.

Feb.,
1922.

Relative price.

Per cent
increase
(+) or decrease (—)
in Feb.
over Jan.

(1913 average-100.)
Farm products—Average price to producer:
Wheat
Com
Potatoes
Cotton
Cottonseed.
Wool
Cattle, beef
Hogs
Ldmbs
Farm products—Market price:
Wheat, No. 1, northern, spring (Chicago)
Wheat, No. 2, red, winter (Chicago)
Corn, contract grades, 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, Ohio, J and f grades, unwashed (Boston)
Cattle, steers, good to choice, corn fed (Chicago)
Hogs, heavy (Chicago)
Sheep, ewes (Chicago)
Sheep, lambs (Chicago)
Food:
Flour, standard patents (Minneapolis)
Flour, winter straights (Kansas City)
Sugar, 96° centrifugal (New York)
Sugar, granulated, in barrels (New York)
Cottonseed oil, prime summer yellow (New York)
Beef, fresh carcass good native steers (Chicago)
Beef, fresh steer rounds No. 2 (Chicago)
Pork, loins, fresh (Chicago)
Clothing:
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton, print cloth, 27 inches, 64 x 60-7.60 yards to pound (Boston)
Cotton, sheeting, brown, 4/4 Ware Shoals L. L. (New York)
Worsted yarns: 2/32's crossbred stock, white, in skein (Philadelphia)
Women's dress goods, storm serge, all-whole, double warp, 50 inches (N. Y.)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce, Middlesex (Boston)
Silk, raw Japanese, Kansai No. 1 (New York)
Hides, green salted, packer's, heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather, sole, hemlock, middle, No. 1 (Boston)
Leather, chrome calf, dull or bright, "B " grades (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Fuelst
Coal, bituminous, Pittsburgh, mine run—Kanawha (Cincinnati)
Coal, anthracite, chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace—at ovens
Petroleum, crude, Kansas-Oklahoma—at wells
Metals:
Pig iron, foundry No. 2, northern (Pittsburgh)
Pig iron, bessemer (Pittsburgh)
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, early delivery (New York)
Building materials and miscellaneous:

1920
1920
1920
1920
1920
1918
1919
1919
1920

326
300
706
312
321
344
183
256
239

118
70
182
136
132
101
78
87
108

122
74
193
129 |
134
108
81
92.1
120 i

148
89
197
133
138
134
86
110
145

+21.3
+ 20.3
+ 2.1
+ 3.1
+ 3.0
+24.1
+ 6.2
+ 19.6
+20.8

May,
May,
Sept.,
June,
Mar.,
Mar.,
Mar.,
Apr.,

1920 |

354
302
331
296
325
451
352
331
304
218
266
319

137
119
77
97
88
135
208
143
110
97
81
81
135

141
121
77
100

127;
208 I
140 !
122 I
96 j
93 |
112 !
156|

153
140
91
105
101
156
208
141
141
102
118
130
182

+ 8.5
+ 15.7
+18.2
+ 5.0
+ 8.6
+22.8
0.0
+ 0.7
+ 15.6
+ 6.3
+26.9
+16.1
+16.7

328
363
598
526
374
201
211
254

150

153
153 !
104 !
112 j
118 |
119 !
90 !
108 i

174
174
107
115
139
112
97
114

+13.7
+13.7
+ 2.9
+ 2.7
+17.8

348
478
427
289
292
291
466
283
490
211
473

154
168
174
161
145
184
209
90
74
121
186
217

148

142
163
160
167
145
184
180
87
73
124
173
217

- 4.1
-3.0
0.0

Sept, 1920
Oct., 1921
Aug., 1920
Mar,
1920

323
201
637
375

175
201
113
241

171
200 !

164
200
125
241

- 4.1
0.0
+ 10.6
0.0

July,
July,
July,
Mar,

346
335
388
230
261
224

137
128
113
86
107
73
90

130
125
109
82
107
68
83

- 2.3
- 0.8
0.0
- 4.7
0.0
- 4.2
- 4.6

1920 |
1917
1920
1918 j

1918
1919
1920
Jan., 1918
Mar.,
1919
July, 1919

!
!
|
i
!

Apr,

|
1918 !

Feb.,

1920 |

May, 1920

j
j
j
!

Lumber, pine, southern, yellow flooring 1 x 4, " B " and better (Hattiesburg district)..
Lumber, Douglas fir, No. 1, common, s 1 s, 1 x 8 x 10 (State of Washington)
Brick, common red, domestic building (New York)
Brick, common building, salmon, run of kiln (Chicago)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago district)
Steel beams, mill (Pittsburgh)
Rubber, Para island, fine (New York)
Sulphuric acid, 66 degrees (New York)




June,
July,
June,
July,
May,
July,
May,
July,
Apr.,

May,
May,
May,
July,

1917
1920
1920
1919

Sept., 1920
July, 1920
Sept., 1919
May, 1920
Apr., 1920
May, 1920
Jan,
1920
Oct.,

1918

July,
Jan.,
Aug.,
Aug.,
Mar,
Nov.,
Mar,

1920
1920
1919
1919
1917
1919
1920

1917
1917
1917
1917

June, 1917
May,

1918

June, 1915
Feb.,

1920

Jan,
Feb.,

1920
1920

Oct., 1920
Sept, 1920
June, 1917
Jan,
1913
Feb., 1916

455
407
381
251
195
331
124
250

152
106
117
115
127
83
95

|
;
|
!

168 •
160 !
165!
145
184
186
90
73
121
173
217 I

241 ;
t
I
133 i|
126
109
86
107
71
87
182

125
221

125
232

181
148

170
148

99
26

99
24

85

80

136
255
170
148
99
20
80

- 5.9
+ 7.8
+ 5.6

+ 1.2
0.0
0.0
- 3.2
- 3.3
0.0
+ 2.5
0.0
0.0

+ 3.8
+ 8.8
+ 9.9

0.0
0.0
0.0
-16.7
0.0

BUSINESS INDICATORS.
The following table gives comparative index numbers for a selected list of important business movements. It is believed that thie
table will prove useful, because it separates out 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 index 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 index 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 index numbers, compared to previous months, does
reflect the present tendency in each item and will give a basis for business judgment.
1921

MONTHLY AVERAGE.
1919

COMMODITY.

1920 1921

Jan.

Feb.

Mar.

Apr.

1922

May. | June. I July.

Aug.

Sept.

Oct.

Nov.

Dec. i Jan.

48
76
24
99
110
172
168
103
125

55
78
22
90
90
183
163
109
114
118

64
75
25
82
78;
94
77
208
153
203 |
106 j 109
159
111
133
144

Feb.

1913 monthly average-100.

I

Production:
100
111
105

Pig iron
Steel ingots
Copper
Anthracite coal
Bituminous coal
Crude petroleum
Wool (consumption)
Cotton (consumption)
Beef
Pork
v

154
142
108
131
120

119
135
99
97
116
181
118
117
121
111

54
66
39
95
85
189
135
85
109
116

94
104
84
97
101
183
74
76
113
154

76
82
75
101
77
171
93
82
88
138

62
74
87
97
76
198
118
91
109
110

47
57
50
101
71
193
132
85
101
108

48
60
24
101
83
203
141
91
101
116

105
164

109
155

150
183

118
223

125
220

132
212

138
205

212
186
147
236
198

243
203
207
244
168

155
153
197
111
107

177
172
218
123
120

167
158
210
120
117

162
156
205
113
123

42
182
75

108
184

230
137
64

229
146

268
149
65

42
47
19
108
85
195
145
96
104
128

34
38
17
92
76
194
132
85
101
110

37
54
21
94
87
198
145
97
118
94

176
155
101
119
87

147
194

153
178

159
156

160
145

163
172

164
206

168
223

175
223

187
203

198
188

154
152
195
104
112

151
145
191
109
109

148
144
191
106
104

148
148
193
109
109

152
155
193
109
113

152
153
193
111
101

150
153
192

149
152
190
98
92

149
150

91

148
142
182
100
95

151
142
179
112
108

297
143
63

170
147
62

251
148
65

152
131
61

188
127
64

189
121
64

163
128
65

234
130
64

235
135
66

385
140
66

325
143
65

320
149
68

203
209
97

213
201
90

234
212

219
189
85

195
166
84

120
157
188

126
166
222

141
142
211

159
143
217

145
135
175

145
121
161

55
21

64
67
18 i

84
F2

103
199
158

Stocks:
Crude petroleum
Cotton (mills and warehouses)
Prices:
Wholesale index, all commodities
(Dept. Labor)
Retail food (Dept. Labor)
Retail coal, bitum. (Dept. L a b o r ) . .
Farm crops (Dept. Agriculture) 1
Farm live stock (Dept. Agriculture).

Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks

Banking:
Bank clearings, New York City
Bank clearings, outside N. Y. City..
Commercial paper interest rate

249 ' 257
228 > 258
94 j 127

205
199
113

221
135

184
178
134

212
211
132

197
181
131

201
188
120

214
196
117

195 ! 185 | 199
188 | 189 | 196
111 | 103 ! 102

218 i 294 140
319 I 331 181
264 ! 264 188

140
316
189

144
235
173

169
187
244

170
164
203

137
159
160

124
163
159

119
157
133

Distribution:
Imports (value)
Exports (value)
Sales, mail-order houses

130
177
159

I
1919 m o n t h l y average - 1OO.
Production:
Lumber 8 .
Building contracts (floor space)
Stocks:
Beef

Pork
Business finances:
Bond prices (40 issues)

;
] 100
I 100
!
100
100

100
72

85
70

55
33

66
36

81
58

83
74

77

92
77

85
68

94
76

92
90

97
87

82

89
76

80
65

95
65

70
97

44
85

59
65

60
83

61
105

57
106

51
104

46
108

40
110

36
100

27
85

25
61

27
45

33
43

35
51

33
60

100

86

87

87

87

86

85

86

88

87

90

102

102

100
100
100

118
132
97

91
91
122

106
127
106

84
124
108

95
118
111

85
66
137

95
44
140

84
37
141

I 100

113

87

90

75

86

Banking:
Debits to individual accounts, outside New York City
Federal Reserve, bills discounted...
Federal Reserve, total reserves

90
107
114

88
97
117

89
92
120

85
85
123

85
77
127

89
72
131

95
68
134

77

85

85

86

92

93

111

100
61
137

Transportation:
Freight, ton-miles

78

» Monthly prices are for the first of the month following.
* Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and Michigan hardwoods. The total production of these associations in 1919 was equal to 11,190,000,000 board feet, compared with a total lumber production for the country of 34,552,000,00C
board feet reported by the census.




SUMMARY FOR FEBRUARY.
Figures on commercial and industrial movements
for the month of February show clearly that business
conditions are steadily becoming better. This movement is not always even, and progress sometimes
seems slow, but when we compare the present output
of our basic industries with the corresponding figures
four or six months ago a marked improvement is
evident.
Although in most lines prices have been relatively
stable for the past six months, distributors still remember the disaster caused by overstocked shelves
in 1920. Forward orders, therefore, are given sparingly and in reduced volume; however, manufacturers are feeling the effect of repeat orders, and the
steadily increasing output of mills and factories shows
that fundamentally the country is getting back to
normal.
The recent marked increase in the price of farm
products has had a favorable effect upon the morale
of the agricultural districts; however, not much of
this has so far been translated into increased business, because most of last year's crops had left the
farmers' hands before the rise came.

19 decreases, and 4 no change. If the lesser number
of working days in the month is considered, an actual
increase in productive activity is shown.
DIAGRAM 2.—COURSE OF PRODUCTION SINCE 1919.
(Average monthly production in 1919=100.)

WHEAT FLOUR

•TFOODSTUFFS

INDEX NUMBERS
200

f

Mmw

BEEF PRODUCTS
PORK PRODUCTS
SUGAR (MELTINGS)
OLEOMARGARINE
COTTONSEED OIL
CONDENSED MILK
COTTON (CONSUMPTION)
WOOL (CONSUMPTION)

'SJ&SS&X5S&

SOLE LEATHER
ANTHRACITE COAL
BITUMINOUS COAL

•vW^^W.

BEEHIVE COKE
BY-PRODUCT COKE
CRUDE PETROLEUM
GASOLINE
ELECTRIC POWER
PIG IRON
STEEL INGOTS
COPPER

COMPARISON OF PRESENT PRODUCTION WITH PREWAR.

ZINC
CIGARS

RELATIVE PRODUCTION (1913=100).
CIGARETTES

Maxi- Mini-i
m u m mum! 1920 1921 Jan., Feb., Jan., Feb.,
in
in
1921. 1921. 1922.
1920. 1921. i age. I age.

MANUFACTURED TOBACCO
YELLOW PINE
WESTERN PINE
NORTH CAROUINA PINE
DOUGLAS FIR

FOODSTUFFS:

Wheat flourl
Beef products
Pork products
Oleomargarine 2

134
143
182
308

73 I 94 104 ; 92
113
88 121 109
154
87 ! 111 | 116
191
64 253 152

Ill
144
142

103

OAK FLOORING

93
82

153
109

158
98

NEWSPRINT

95 i 97
109 I 78
97
101
132 | 71 I 116 8.5 ! 101 77
72
0 j 02
17 il 41
31
' 121 242 157
215
178
191
171 181
189
183
171

82
94
18
180
209

103
20
169
199

70

04
75
25
82

04
82
37
78

79 j 70
280
318
81 ;
92

71
241
88

CLOTHING MATERIALS:

Wool (consumption)
Cotton (consumption)

118
117

179 !
123 !

135 !
85 !

74
76

100

MICHIGAN HARDWOOD

FUELS:

Anthracite coal
Bituminous coal
Beehive coke
By-product coke
Crude petroleum

167

34
38
17
50

119
349
1J4

73
231
68

229
157
132
140

53
64
56
95
77

132
155 i

54
00
39
62

94
104
84
90

105
287
90

90
327
87

73
301
73

109
161
129
108
113

107
186
104
122
124

50
57
83 I 289
02
122
130 i 132
98
138

56
259
132
148
138

9
65
36
184
408
333
424 3,371 ! 017

212
409

14
283
659

118
135
99 i

138 I

02 '

I

TOBACCO:

Cigars 2
Cigarettes s
Manufactured tobacco a...

BUILDING MATERIALS
EQUIPMENT:

5? I

AND

Cement
Oak flooring
Baths, enamel
Lavatories, enamel
Sinks, enamel

|
j
!
|
i

TRANSPORTATION VEHICLES:

j/ocomotiyes
Automobiles, passenger...
Motortrucks

98

ALL OTHER PAPER
MECHANICAL WOOD PULP

METALS:

Pig iron
Steel ingots
Copper
Zinc

CALIFORNIA REDWOOD

73
88
138
171

CHEMICAL WOOD PULP
SILICA BRICK
FIRE-CLAY BRICK
FACE BRICK
CEMENT
GLASS BOTTLES
BATHS. ENAMEL
LAVATORIES, ENAMEL
SINKS. ENAMEL
BUILDINGS (CONTRACTED")
AUTOMOBILES. PASSENGER
MOTOR TRUCKS
LOCOMOTIVES
SHIPS
^MAXIMUM SINCE END OF 1919

1 Relative to 1914.
2 As represented by tax-paid withdrawals.

PRODUCTION.

February production in general ran about even
with January, with 17 commodities showing increasBs,




EE58S3 LATEST MONTH JAN. OR FEB. 1922
KZ225BMINIMUM SINCE END OF 1919
| PRODUCTION OF LATEST MONTH SAME AS MAXIMUM SINCE 1919
2 PRODUCTION OF LATEST MONTH SAME AS MINIMUM SINCE 1919
3 MAXIMUM AND MINIMUM SINCE JULY 1,1921

8
In the foodstuff group there were two increases in
production and two declines; in clothing two declines
and one increase; in fuels three advances and three
declines; in metals two advances and one decline; in
lumber three commodities advanced and three declined;
in paper one advance against three declines; in clay
and sand products one advance and three declines;
in enamel ware two advances; in transportation vehicles two advances and two declines; in tobacco, one
advance and two declines.
Compared with 1913, February production showed
11 increases and 11 decreases. Compared with 1919,
there were 13 increases and 30 decreases, while from
the 1920 average there were 12 increases and 31 decreases. Comparison with 1921 was more favorable,
with nearly the same proportional changes as in the
1913 comparison—24 increases and 19 decreases. As
against February, 1921, there were 23 increases and
only 17 decreases.
COST OF PRODUCTION SINCE

I)IA<;UAM

;*.— COMPARISON

OK

PRESENT

PRODUCTION

WITH

PREWAR.

(Relative production in 1913=100.)
IOO

INDEX NUMBERS
206

300

W H E A T FLOUR

8 E E F PRODUCTS

PORK PRODUCTS

OLEOMARGARINE

WOOL
(CONSUMPTION)
COTTON
(CONSUMPTION)

ANTHRACITE
COAL
BITUMINOUS
COAL

1919,
BEEHIVE COKE

RELATIVE PRODUCTION (1919=100).

Maximum- mum- 1920 1921 Jan., Feb., Jan., Feb.,
since since
iver- 1921 1921 1922 1922
end of en <\ of
age.
1919 1919
FOODSTUFFS:

Wheat flour
Beef products
Pork products
Sugar (meltings)
Oleomargarine*
Cottonseed oil
Condensed milk

CLOTHING:

Cotton (consumption)
Wool (consumption)
Sole leather

125
109
151
147
126
349
121

64
67
58
40
26
7
20

82
92
93
104
103
100
76

91
83
97
92
62
166
71

80
86
128
40
78
263
24

64
67
114
80
70
247
34

114
126
95

57
42
63

109
83
82

79
95
79

71
52
63

76
64
63

113
137
127

63
74
11
62
104

101
121
110
122
117
123
113

99
89
29
79
124
130
105

101
105
72
109
120
140
109

105
81
55
90
112
118
98

132
140
83
126

119
121
94
105

54
59
37
47

95
93
80
68

76
74
71
46

64
67
24
62

64
74
35
59

128
116
119

112
84
94

96
96
91

79
88
77

84
93
85

75
84
97

76
71
92

111
119
126
118
111
191

94
119
98
102
86
106

99
67
88
79
60
123

77
22
33
44
62
42

88
20
63
57
68
55

104
32
124
93
60
191

98
35
149
108
49
171

114
132
143
138

110
121
109
117

89
86
87
79

108
74
117
83

90
76
98
78

92
100
90
98

85
101
82
90

106
120
100
125
104

40
63
100
122
69

77
104
39
61
100

66
81
34
65
87

47
59
56
64
83

43
68
51
64
81

183
169
170
118

149
112
110
72

120
127
122
70

65
102
75
33

71
136
96
36

1121
152
135
79

114
102
89
67

93
46
50
30

99
60

79
32

86
88
85
119
90 ***i28
58
42
154
140

BYPRODUCT
COKE
CRUDE
PETROLEUM

STEEL INGOTS

MAXIMUM 1920
MINIMUM 1921
JANUARY 1922

102
108
88

FEBRUARY 1922

91
111
78

•

1920 AVERAGE

FUELS:

Anthracite coal
Bituminous coal
Beehive coke
By-product coke
Crude petroleum
Gasoline
Electric power

138
141
119

METALS:

Pig iron
Steel ingots
Copper
Zinc

85
92
99
107
31
35
91
86
137
131
135
117 ***io7

TOBACCO:

Cigars a
Cigarettes*
Manufactured tobacco 2 ...

LUMBER:

Yellow pine
Western pine
North Carolina pine
Douglas fir
Michigan hardwood
Oak flooring

PAPER:

Newsprint
All other paper
Mechanical wood pulp
Chemical wood pulp

STONE, CLAY,
PRODUCTS:

AND

SAND

Silica brick
Clay fire brick
Face brick
Cement
Glass bottles

130
127
121
157
124

133
43
34
61

BUILDING EQUIPMENT:

Baths, enamel
Lavatories, enamel
Sinks, enamel
Buildings (contracted for)
TRANSPORTATION VEHICLES:

Automobiles, passenger.
Motortrucks
;
Locomotives
Ships

1

Since July 1,1921.
2
As represented by tax-paid withdrawals.




140
152
138 I 154
135
135
65
65
59 1
35
34
15

79
49
20
11

LOCOMOTIVES

AUTOMOBILES.
PASSENGER

STOCKS.

Commodity stocks increased in 13 cases in February
and declined in 14 cases, with 2 unchanged. Eliminating the food commodities, however, whose seasonal

movement was responsible for 9 decreases as against
only 3 increases—the same as in January—there were
10 increases and 5 decreases, as compared with 8 increases and 8 decreases reported in January. Corn,
cement and petroleum stocks all made new high
records.
Compared with a year ago, February stocks showed
10 increases and 20 decreases—about the same comparison as was reported for January. In the food
group there were 3 increases and 9 decreases, while in
the other commodities 7 increases were shown as
against 11 decreases.
Leaving out the food commodities, whose seasonal
movement throws out the comparison with a yearly
average, there were 13 increases over the 1919 average,
and 4 decreases, 2 of them in wood pulp. Coffee and
tin still remain the only two commodities with smaller
stocks than the 1913 average.
STOCKS OF COMMODITIES COMPARED WITH PREWAR.

DIAGRAM 4.—COURSE OF COMMODITY STOCKS SINCE 1919.
(Average monthly stocks in 1919=100.)
INDEX NUMBERS

BEEF PRODUCTS
PORK PRODUCTS
LAMB AND MUTTON
SUGAR (RAW )
COTTONSEED OIL
WHEAT (VISIBLE)
CORN (VISIBLE!
BUTTER
CHEESE
EGGS
COFFEE
APPLES
COTTON (TOTAL I
WOOL (COMMERCIAL)
CRUDE PETROLEUM
GASOLINE
ZINC
TIN
YELLOW PINE
OAK FLOORING
SILICA BRICK
FACE BRICK
CEMENT
LA VA TORIES (EN AM EL 1
SINKS
NEWSPRINT

RELATIVE STOCKS (1913 = 100).

ALL OTHER PAPER
MECHANICAL WOOD PULP

1921
1920
average. average.
Wheat (visible)
Corn (visible)
Coffee
Cotton (total) . . . .
Crude petroleum
Zinc
Tin
Oak flooring
Cement 1

127
71
89
155
109
99
183
258
80
114

Tobacco

Jan.,
1921.

Feb.,
1921.

144
190
87
223
118
187
138
444
92
117

134
255
'89
183
150
195
127
375
91
131

Feb.,

Jan.,
1922.

235
3 6 2 <•
73
203
187
162
72
305
119 1
127

130
294
100
220
125
192
192
443
102 :

CHEMICAL WOOD PULP

1922.

TOBACCO (TOTAL)
MAXIMUM SINCE 1919

210
533
77
188
198
158
76
321
128

i
1

Relative to stocks at end of 1913.
STOCKS OF COMMODITIES SINCE 1919.
RELATIVE STOCKS (1919=100 )•

Maxi- Mini- 1920 1921
mum mum
aver- Jan., Feb., Jan., Feb.,
since since average. age. 1921. 1921. 1922. 1922.
1919. 1919.
FOODSTUFFS:

Beef products...
.
Pork products
Lamb and mutton .
Suear (raw)
Cottonseed oil
Wheat (visible)
Corn (visible)
Butter
Cheese
Eggs..
Coffee
Apples

n

83
928

105
705

158
93
622
81
79
101
145
162

110
278
100
464
62
65
1
164
272

120
282
91
718
41
45
1
176
210

90
164
164
882
53
55
4
119
249

95
88

111

136

134

124

114

101
61

104
98

143
134

113
121

119
144

178
124

189
149

247
528

72
130

108
332

212
232

203
251

208
349

175
131

171
139

143
277
115
181
272
301
95
106

102
59
81
1G7
102
29
21
34

127
161
103
140
170
50
31
53

129
234
107
153
193

139
277
89

125
190
87
173
253

179
78
89

214
49
64

137
276
98
173
217

128
200
86
170
272
135

175
122
143
138

71
65
55
64

97
74
78
63

125
112
108
99

135
101
95
100

132

92

102

117

105

124
129
928
276
321
184
1,300
174
156
186
177
391

25
38
31
44
23
28
108
12
35
(*)
101
12

70
97
183
110
127
89
174
89
99
82
146
181

136
106

61
83

189
169

324
157

60

61

33

59
47

31

67
48
172
117
146

1,300
40
39
(*)
125
176

CLOTHING MATERIALS:

Cotton (total)
"Wool f commercial)

FUELS:

Crude petroleum
Gasoline

METALS:

Zinc
Tin

CONSTRUCTION MATERIAL:

Yellow pine
Oak flooring .
Silica brick
Face brick
Cement l .
Baths (enamel)
Lavatories (enamel)

Sinks (ftnfvmel)
PAPER:

-

Newsprint
. ...
All other paper
Mechanical wood pulp
Chemical wood pulp

TOBACCO total
1

Relative to stocks at end of 1919.

95905—22




2

173196

280
59
78
164
109
101
113

127
73
103
111
111
81
94
113

* Index number less than

73

103
116
115
82
99

LATE8T MONTH JAN OR FEB 1922
MINIMUM SINCE 1919
*

MAXIMUM SINCE 1919 SAME A8 LATEST MONTH

PRICES.

Prices received by farmers for crops and live stock
increased still further in February and stood about 10
per cent above the 1913 level. The wholesale price
index of the Department of Labor advanced 2 per
cent, the first increase since last August. The farm
products, foods, and miscellaneous groups were responsible for the advance, especially the former, which
finally rose from its long-maintained position as the
lowest index number of any group, leaving metals,
which declined still further in February, in that position. House furnishing goods also declined slightly.
The Federal Reserve Board's regrouping of this index
number showed an almost equal rise in agricultural
products and farm products—each about 8 per cent,
with no change in forest or mineral products. Producers' goods remained unchanged while consumers7
goods advanced slightly, but not as much as raw mate*
rials. The Federal Reserve Board's index for international price comparisons rose about 3 per cent;
imported goods remained unchanged and exported
goods increased slightly. Both the Dun and Bradstreet index numbers advanced. The retail price
index of food remained unchanged.
Price declines continued in England, France, and
Japan, the Canadian wholesale price advanced slightly
in a similar trend to United States prices, while the
German price increase continued unabated, with an
advance of 24 per cent in February.
Taking the individual prices shown in the table and
chart on pages 4 and 5, both the market and producers'

10
prices of farm products rose considerably in February—none less than 5 per cent except cotton products,
potatoes, and tobacco, the latter remaining unchanged.
All food prices rose except carcass beef. Clothing
materials showed little change; advances occurred in
worsted yarns and sole leather, while declines took
place in cotton yarns and print cloths, raw silk and
packers' hides. Among the fuels, bituminous coal
declined and coke advanced. All metals declined
slightly except steel and lead, which remained unchanged. In the building material group the only
changes were advances in lumber and in common red
brick. Rubber continued to decline.
Most of the increases in farm products and food were
over 10 per cent, especially grains and live stock,
while outside these groups only coke, lumber and brick
made any appreciable advance. The declines were all
comparatively slight.
SALES.

The following table on sales of various commodities
has been prepared to give a closer aspect of business
needs—actual sales as against production, which may
represent orders booked some months before. The
sales statistics for commodities also give an indication
of future production. The separate commodities covered in this table are few and in most cases relatively
unimportant, as the sales can only be reported where
trade associations supply the data; but the figures
may be found to be of some interest. In addition to
the orders of separate commodities booked by manufacturers (included in the first group in the table),
the distributive movement of goods as a whole is
shown through various channels to the consumer.
There has also been shown the actual sales of services,
such as transportation, communication, and advertising, in which sale and use run practically together,
and also the sale of investment and speculative securities.
February sales increased in four out of eight commodities, one remaining the same—for which sales
have been reported, the three declines all being in the
enameled-ware industry. Distribution movement
showed no change in wholesale orders, a decline in
mail-order houses, and an increase in chain-store sales.
Among the services reported for February, magazine
advertising increased and newspaper advertising and
postal receipts declined. Sales of stocks and life insurance increased, but bonds declined.
Comparing the figures with a year ago, taking a
January comparison where February is not available,
sales of individual commodities increased except
printing, this decline being due more to declining
prices than decreased activity. Distribution also
increased except through mail-order houses. Among
the services the only declines were in magazine




advertising, telegraph tolls, and railroad receipts, the
latter being partly due to lower rates. Security sales
were also higher, except municipal bond issues and
postal savings.
In this connection it may be pointed out that some of
the items, marked by an asterisk (*), are relatives based
on values instead of quantities and are therefore generally dependent on fluctuations in the purchasing power
of the dollar, i. e., the level of prices, as well as the fluctuations of sales of physical goods. Therefore, a decline during the past year does not necessarily represent a decline in the physical amount of sales. A
rough corrected figure, eliminating the price variation,
might be obtained by dividing each item in such series
by the wholesale or retail price index number, whichever most nearly corresponds with the class of business
done. In a few items expressed in value no correction is necessary for comparison, because there has
been little or no change in the price for the goods or
services—for instance, postal, telegraph, and telephone receipts. Bond sales on the New York Stock
Exchange are really not based on value, because sales
of bonds are not reported in their value at the time of
sale, but on their par value; therefore, bond sales represent physical quantities. On the other hand, new
issues of municipal bonds, unless for refunding purposes, reflect the price level, as the work for which
they are issued requires a larger bond issue when
prices are high.
COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS.

j

RELATIVE SALES (1919=100).

Maxi- Mini| mum mum 1920
since since
end
end
of
of
1919.
'; 1919.
I
INDIVIDUAL COMMODITIES:

Wholesalers 1
Mail-order houses *
Chainstores*

SERVICES:

Postal receipts*
Telephone receipts*
Telegraph tolls
Railroad revenues:
Freight
Advertising:
Magazine
Newspaper

Jan., Feb., Jan., Feb.,
1921. 1922. 1922.

i

Structural steel
!
Baths, enamel
'
Lavatories, enamel
j
Sinks, enamel
j
Oakflooring
Leather belting
Abrasive paper and cloth.
Elastic webbing
,
Paper
Printing*
|
DISTRIBUTION MOVEMENT:

1921

178
115
130
110
234
129
148
129
147
168

27
12
27
25
23
35
40
25
71
106

101
53
73
65
54
98
111
87
127
148

66
59
77
73
119
42
65
81
89
121

33
23
65
54
44
44
40
50
79
144

107
i 136
| 242

62
50
82

102
118

87
71
124

62
72

145
154
125

95
114

113
123
120

113
147
106

109
149
108

104
131

135
162

109
122

110

107
110

90
96

144
129

122

78
103

84
101

88
90

110
178
359
122
101

72
105
118
120
101

55
94
179
102

61
95
134
93
101

39
71
114
96
101

27
30
65
50
45
40
46
59
75
130

75 , 82
84 1 70
93
109
81
96
136
115
42
42
84
81
83
81
101
120

I

90
66
95

90
61
101

114
160

111

73
102

80
90

SECURITIES:

Stocks
Bonds
Municipal bonds (new)"
Life insurance *
Postal savings

* Items based on value.
1
Relative proportion of orders to total transactions.

62
59
136
100
88
91 I 103
90
90

11
TEXTILES.

Orders for knit goods declined almost half in February, production increased, but shipments and unfilled orders declined. Imports of raw silk declined
24 per cent in February and consumption was 35 per
cent less than the large January figures. Stocks declined still further and prices continued to recede.
Imports of burlap declined, while a considerable
increase was noted in the imports of unmanufactured
fibers.

Receipts of wool at Boston decreased in February
as compared with the previous month and were much
less than a year ago, due to smaller imports of foreign
wool, although domestic receipts were considerably
larger. Imports of wool in February continued the
sustained increase noted since October. Activity of
woolen textile machinery increased, especially woolen,
spindles and sets of cards. Consumption of wool inMETALS.
creased over January. Considerable advances took
Although recording an actual decline in February,
place in the prices of raw wool, worsted yarns advanced
slightly, but no changes occurred in the prices of dress pig-iron production was relatively about 10 per cent
greater than in January on account of the difference
goods and suitings.
Cotton consumption and machinery activity in tex- in the number of working days. Steel-ingot productile mills declined 10 per cent in February, but con- tion actually increased over 9 per cent. Exports and
sidering that the number of working days declined by imports of steel both declined to about the same level
approximately the same ratio, the mill activity was as November and December. Unfilled orders of the
about the same as in January. Stocks of cotton con- United States Steel Corporation declined with the intinued to be reduced with the advance of the season. creased rate of production. Prices were reduced on
Imports of cotton increased and continued to maintain most iron and steel products during the month.
a large increase over both the previous year and the DIAGRAM 7.—PRODUCTION OF PIG IRON AND STEEL INGOTS, AND
prewar average. On the other hand, the short crop
U. S. STEEL CORPORATION'S UNFILLED ORDERS.
this season has resulted in further curtailment of
3
exports of raw cotton, but cotton cloth exports in/ \
creased slightly. Consumption of fabrics by tire man\
n? \
Hf \
I \
ufacturers increased in January. Slight increases oc* 1
1
f
curred in February in the prices of raw cotton but
V
1
\
SJZ
\
J1
1
\
yarns and print cloths declined.
1
\
10

V

9

SNOX d

\

n

\

\

O

I
d6

DIAGRAM 5.—EXPORTS AND CONSUMPTION OF COTTON.

o

\

1

/

\
\

4

rs

6

/'

9

>'

2

11
I/I

12

VA

a

/

\

\
\

2

f

IPTIOI

g 400

\
i

j

\

j

£7

f\

1918

1919

AVERAGE

IV

1

7
MONTHLY

f

°%

i
1\

\

\

y

/

v

\
\

•/
/

\

j

1
i

j

1!isii

-»j

' 1

'!

!

97]

it

DIAGRAM 6.—TOTAL COTTON GINNED FROM EACH CROP, 1913-1921.
MILLIONS OF BALES
6
8
10
1921

1917

1913




19 16

1916

1917 1916

MONTHLY

\ /;

JAN
FEB.
MAR.
APR.
MAY
E JUNE
% JULY

19

1914

*9I9

19ao

i*

ft!

AVERAGE
1920

\
\
200

If 13

5 JAN.
S FEB

9

\

Is

1

1

i

\

V

12

14

ie

»l I1

u " 4 "*

is | 2

IS

1921

Meltings of pig iron in Ohio foundries increased 35
per cent in February. Production of sheets increased
33 per cent and stocks declined slightly. Sales of
structural steel increased 9 per cent. Shipments of
locomotives from factories declined to the smallest
total since the Armistice, excepting only last November.
Copper production increased 45 per cent in February,
reaching the highest point since April, 1921, but it was
still only 37 per cent of the 1913 average. Exports of
copper declined very slightly, while the price of electrolytic copper declined.
Production and stocks of zinc declined slightly.
Receipts at St. Louis fell off 45 per cent but shipments
from St. Louis increased. The price of zinc declined
slightly.
Imports and stocks of tin increased and the price
was lower. Receipts and shipments of lead at St.
Louis declined considerably, but the price remained
unchanged.

12
FUELS.

DIAGRAM 10.—PRODUCTION, CONSUMPTION, IMPORTS, AND STOCKS
OF PETROLEUM.

Spurred on by the threatened coal strike, production
of both anthracite and bituminous coal increased over
8 per cent in February in spite of the smaller number
of working days. Stocks of anthracite held by producers declined slightly. Exports of both kinds of
coal and also coke showed rather large increases in
February.

"1
200
/
180

.J

/

/

i
/

f

\

DIAGRAM 8.—PRODUCTION OF BITUMINOUS COAL.

36

/
/

\

w

\
\
\

2

\
\
U

i

1

1

\

\

j V*,

j

V

Id .

j

h

CC NSUMPT IO

/ \

I
-T1

19 3 1914 1915 1916 1917 1918 1919 1920 1921
MONTHLY

AVERAGE

*

T

•s i!ii
>

<

<

s

11

*r

I

S

0

IMPORTS

! 11

C"^o^

* b

J\l
\A K

s

0

is

r"

1921

DEC!

M

\
y<? \
\

r
9M

8EPT
OCT.

40

/

j

\

JAN

4(

/

FEB.
MAR.
APR.

to

i

1

1 1

\

t-

Tis
192?

30

PAPER AND PRINTING.
10

AVERAGE

d

,

!ii

S£5

mm

OCT.

MONTHLY

OCT.

I°9I3 1914 1915 1916 1917 1918 1919 1920 I92K

AUQ.

6

>6
IS
922

1921

DIAGRAM 9.—^PRODUCTION OF ANTHRACITE COAL.

A

r

\

^
•—

•
Ik

i KA
V

I
!
Ir

A

AA

\

A

?,

3
*

Production and consumption of wood pulp declined
in January; stocks increased slightly, and imports
showed a heavy falling off. Production and shipments of newsprint paper declined, while for other
grades there was a very slight increase. Stocks rose,
but exports of all grades of printing paper declined
more than half. Prices of paper were slightly
reduced.
Printing activity showed a decline in January.
Purchases of paper by printers also declined, but sales
of printing increased very slightly.
AUTOMOBILES.

Production of automobiles in February increased
markedly over January; both passenger cars and
trucks were produced in larger volume than in any
month since last October. Shipments of automobiles
showed corresponding increases.
GLASS.

Glass bottle production declined slightly in February, but production and shipments of illuminating
glassware increased, although new orders fell off.

i

1919 1914 1915 I t l 6 t9!7 1918 19 9 1920 J92I
MONTHLY AVERAGE

Petroleum production declined somewhat from the
January high record. Consumption and imports both
showed a marked falling off, while stocks increased,
passing the 200,000,000 barrel mark and establishing
a new record. Total shipments of petroleum from
Mexico also declined. Exports of gasoline declined in
February; as did consumption and stocks in January.
Production in January increased.




HIDES AND LEATHER.

Imports of hides and skins increased considerably in
February, due to the large number of cattle hides imported; the February figure was the largest since last
August. Stocks of hides at the end of January showed
little change; packer cattle hides increased. The price
of packer cattle hides declined but calfskins showed no
change in February.
Leather production reports for February showed declines corresponding to the shorter month except for
an increase in harness leather. January official figures

13
showed a decrease in sole and belting leather and an
increase in upper leather. Stocks of sole and belting
declined although a larger amount was in process; but
conditions were exactly reversed as regards upper
leather. February exports of both kinds of leather
increased. There was a slight advance in hemlock
sole while chrome calf remained unchanged.
DIAGRAM 11.—STOCKS OF CATTLE HIDES (PACKER), AND PRODUCTION AND STOCKS OF LEATHER (SOLE AND BELTING).

private capital, and (2) for buildings built largely
by public funds, secured either from taxes or by
donations. Under private buildings are included
business, industrial, and residential construction.
Under public and semipublic buildings are includep
educational buildings, hospitals and in institutions,
public buildings, religious, and memorial buildings,
social and recreational buildings, and military and
naval buildings.
DIAGRAM 12.—VOLUME OF BUILDING CONTRACTS AWARDED, BY

— __

1

CLASSES.

I
\
350

300

v

MILLIONS OF SQUARE FEET

1

•

jl
X

1

iIEt
II

JANUARY

g

I

250

1919 MONTHLY
AVERAGE
1920 MONTHLY
AVERAGE

zjcz
ll >
\ /

FEBRUARY
MARCH
APRIL
MAY

900

J

V

.so

s

s

JUNE

roc KS

2 JULY

s,

AUGUST

150

SEPTEMBER
OCTOBER

BUSINES8 »

NOVEMBER

INDUSTRIAL

DECEMBER

100

V////////A PUBLIC AND
SEMIPUBLIC

JANUARY
FEBRUARY
MARCH

50

_ -

a.

—

j»
3
:

c

1

Q

t0
I

-

i \

L
t

iswo

APRIL

so LE-LEATHER PRODUCTION
-H

r
t

a
u

3

_ MAY

1
11 1
1 I1 III 1 1

n» I i!
- i
>

2 JUNE

S

-

? <

>

J

192

5»
>
2:

(.>
uj

c

z
<

JULY

i

AUGU8T

U,

1 922

SEPTEMBER
OCTOBER

Sales of leather belting increased in January. Production of boots and shoes decreased slightly in February. February exports of boots and shoes increased
21 per cent and prices remained unchanged.

NOVEMBER
DECEMBER
j JANUARY

-

FEBRUARY'

BUILDING OPERATIONS.

Contracts awarded in the 27 northwestern states
totaled $177,472,000, compared to $166,320,000 in
January. Normally, there is a decline in contracts
let in February, due to the shorter month. A slight
decline was recorded in the total square feet contracted
for, the figures for February being 30,061,000 square
feet, compared to 31,261,000 in January. In February, a year ago, the total square feet amounted to only
16,772,000, and the total valuation $100,677,000.
The feature of the February building statistics
was the increase in business buildings. This class of
building increased from 4,811,000 square feet in
January, with a valuation of $23,696,000, to 6,264,000
square feet in February, valued at $39,240,000.
Residential building showed a slight decrease in
square feet, compared to January, but the valuation,
$75,728,000, was practically identical in the two
months.
The seasonal character of building operations is
shown in the two accompanying diagrams, which
give the total square feet of floor space each month
since January, 1919, (1) for buildings built with




-ACTUAL TOTAL AND MOVING AVERAGE OF PRIVATE
DIAGRAM

13.-

r
i

i
i

BUILDING CONSTRUCTION.

v

I

I
\

1

V

/
• f

r

I
1

\

V
\

\

/

/

/
/

\

j

\ iI
1919

i \ i
1920

j-

/

192!

1922

14
DIAGRAM 14.—ACTUAL TOTAL AND MOVING AVERAGE OF PUBLIC
BUILDING CONSTRUCTION.
10

/i

•

/

t

1

at

1

»

SQUARE FEET

/

\
\
\
\

0

V

V

f
1
1
f

1

\

1

1
1

1
I
\
\
V \

1

ii\

1

1

1
]/

J\
\
1

\
A \\
y

1

\!
\i\

I

J
1
1
1

V

V

3
2
1

i

0

i
1919

i i I I t i Mi
1920

1921

The diagrams also show the moving 12-month
average which eliminates all seasonal variation.
Each point on the moving average is the average of
the 12 months ending with the month plotted. Thus
the first point, for December, 1919, represents the
monthly average for the calendar year 1919. The
next point plotted is for the 12 months beginning
February 1, 1919, and ending January 31, 1920. The
moving average represents the changes in the annual
rate of production.
The two diagrams are drawn to scales which allow
.comparisons between the curves. It will be noted
that during the prosperity period of 1919 and early
1920, private building expanded very rapidly, but
that it fell off sharply with the beginning of the depression period. Public building, however, did not
respond to the prosperity stimulus in anything like
the same degree, and likewise it showed comparatively
little effect from the depression.
As a matter of fact, the period of depression in
1921 appears to have stimulated this class of building.
The volume of public building was greater for every
month after February, 1921, than for the corresponding month in either of the two preceding years. To
a very large extent public building seems to have
automatically absorbed part of the slack due to the
falling off of private operations.
Both curves are now pointed upwards with, every
indication that they will go much further in the
same direction.
BUILDING MATERIALS.

Except for declines in Southern pine and Michigan
hardwoods, lumber production increased in February. Shipments of all species except Michigan hardwoods increased. Prices of both Southern pine and
Douglas fir rose. Stocks of Southern pine increased.




Production of oak flooring declined, but shipments,
stocks, and orders increased; unfilled orders were less.
Exports of lumber exhibited a decline.
Production of clay fire brick increased in February,
but silica and face brick were produced in smaller
quantities than in January. Shipments of clay fire
and silica brick declined while face brick shipments
showed a substantial increase. Stocks declined as
regards silica and face brick but increased in the
case of clay fire brick. Unfilled orders of both clay
fire and face brick showed large increases, the new
orders for the former having increased 15 per cent
over January. The price of common brick increased
10 per cent in New* York, but showed no change in
Chicago.
Cement production declined slightly in February,
but shipments and stocks increased. There was no
change in the price.
Actual shipments of enamel sanitary ware increased
in February, except for sinks and miscellaneous ware.
Stocks declined except for baths, while receipts of
orders declined about 15 per cent in almost all classes
in a seasonal movement.
Sales of abrasive paper and cloth, both domestic
and foreign, increased in January, and were about
the same as in November.
CEREALS.

Wheat and flour exports continued to decline in
February and the visible supply of wheat was reduced in seasonal proportions, but it is almost twice
as large as a year ago. Receipts showed an increase
of 30 per cent, rather unusual for February; shipments
increased slightly and production of flour increased 5
per cent, Prices of wheat and flour increased from
10 to 15 per cent. Stocks of wheat in country mills
and elevators on March 1 amounted to 72,564,000
bushels, according to the Department of Agriculture,
the lowest on record except in 1918, and compared
with average stocks of 91,000,000 bushels on this
date.
Corn exports increased in February with a total
of 22,254,000 bushels. This establishes a new record
for recent years and was over five times as large as
the 1913 monthly average. Receipts, shipments, and
visible supply also showed good increases during the
month. Prices rose 18 per cent.
Exports of oats declined, but rye and barley exports
increased. Prices of all three grains showed marked
advances.
The total domestic rail movement of grains, as
shown by car loadings, increased 1£ per cent over
January, while total grain exports declined 3 per cent.
MEATS.
Receipts, total shipments, and slaughter of cattle
declined in February, but stocker and feeder shipments increased. Exports increased 36 per cent and

15
storage holdings were very slightly greater. Production of beef from slaughter showed an increase in
January, as did consumption. Prices of cattle and
beef cuts increased in February, but carcass beef
declined.
DIAGRAM 15.—BEEP—INSPECTED SLAUGHTER, CONSUMPTION, AND
COLD STORAGE.

A/

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360

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i.

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100

%
\\\

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s

OTHER FOODSTUFFS.

Exports of condensed milk increased slightly.
Receipts of butter declined but cheese and egg receipts
were larger than in January. Storage holdings of all
dairy products declined in a seasonal movement to a
minimum for the season. Butter prices advanced
slightly but cheese declined.
Exports of vegetable oils declined and imports
again increased in February. Stocks of cotton seed
and cottonseed oil and production of cottonseed oil
declined seasonally. The price of cottonseed oil rose.
Sugar imports and meltings showed large increases
in February and stocks of raw sugar almost doubled.
Exports of refined sugar were slightly smaller. Prices
rose slightly.
DIAGRAM 17.—IMPORTS, MELTINGS, AND STOCKS OF RAW SUGAR.

/

\

s

—•

60

- r

0

1913 1914 1916 1918 1917 1918 1919 1930 1921 z
MONTHLY AVERAGE

I5S
1922

Receipts, total shipments, and slaughter of hogs also
declined in February, while stocker and feeder shipments more than doubled. Exports and storage
holdings of pork products continued to increaseJanuary production of pork from slaughter increased
and consumption did also. Prices of hogs showed a
sharp increase in February, pork loins increasing only
slightly.
DIAGRAM 16.—PORK—INSPECTED SLAUGHTER, CONSUMPTION, EXPORTS, AND COLD STORAGE HOLDINGS.

O

AVERAGE

CO

1919 1920 1921 zrigjrvSSdfc^d
MONTHLY ^ a l 5 s ? ? 3 S § i o

Imports of coffee declined in February and stocks,
both in the United States and the world as a whole,
increased. Receipts in Brazil declined and clearances
from Brazil showed a great falling off. Imports of tea
continued to decline.
WATER TRANSPORTATION.

1913 1914 1916 1910 1917 1918 1919 1920 I92K ^

a

MONTHLY AVERAGE

Receipts, shipments, and slaughter of sheep declined
considerably in February, but storage holdings of
lamb increased slightly. Prices of sheep advanced
about 16 per cent.




Traffic through the Panama Canal declined in
January, but a larger traffic was carried in American
vessels. On the other hand, in spite of increases in
February in both total entrances and clearances of
vessels in foreign trade in United States ports, American
ship tonnage in this service continued its steady
decline. The tonnage of vessels under construction
dwindled still further and the tonnage of vessels
completed also decreased.

16
DIAGRAM 18.—ENTRANCES AND CLEARANCES OP VESSELS IN U. S.
FOREIGN TRADE, AND SHIPS UNDER CONSTRUCTION.
i

\
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7

4

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1

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/

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MILLIONS

TONS

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1

£\ \

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2

-

MONTHLY

AVERAGE

p

m

w!! mm mm
DEC.

1913 >9I4 1915 1916 1917 1918 1919 1920 1921

I

»!

20.—IMMIGRATION,
EMIGRATION,
QUOTA.

""
I""

RAILROAD TRANSPORTATION.

IJ" j TI

\ /I

IUU

19.—SHORTAGE, SURPLUS, BAD-ORDER,
LOADINGS OF FREIGHT CARS.

AND TOTAL

1 1

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Mill

to

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s

1

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J

£ 400

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1917

1911

1919

MONTH LY




1

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1 7,
1 J\

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V-

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/

AVERAGE

I JULY

MONTHLY

JAN.
FEB.
MAR.
APR.
MAY
5 JUNE

s

1913 1914 1916 1916 1917 1918 1919 1920 19-

liiii-M mm
1921

|19M

The following table and chart show the trend of
employment in the three principal manufacturing
districts of the United States. Separate index numbers have been calculated for each district from the
figures reported by the Department of Labor. The
Middle Atlantic division shows the greatest depression
throughout the period, as compared with January,
1921, while the Central section has had the greatest
increase, and New England has shown little change.
TRENDS IN EMPLOYMENT BY DISTRICTS.

District
No. 1,
New
England.

District
No. 2,
Middle
Atlantic.

District
No. 3,
East
North
Central.

Total in
1,428
United
States
factories.

1

Relative to Jan. 1,1921.

M

; ""

/\

\

I

•

M

1921
January...
February..
March
April

September..
October
November..
December..

1 H OR TA 11

100
97
93
90

100
100
103
110

100
99
98
97

99 !
99 '
99 ;
99

89
86
84
84

110
105
104
108

97
94
93
94

99 j
101
102 j
103

84
86
87
87

109
108
108
94

95
96
96
92

103
96

86
87

109
112

96
96

100
102
100

May
June
July....
August.

1922

1920

AVERAGE

\

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II

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350

1

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5

YEAR AND MONTH.

1
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L^—-

MIL

Marked improvement continued to be made in
February in the reduction in surplus cars. Shortages
of cars still remain almost infinitesimal. The number
of bad order cars again increased slightly and loadings
were 5 per cent greater than in the longer month of
January;
Operations of the railroads for January showed
declines in both freight and passenger revenue, but
operating expenses were cut still further. Net operating income, however, was reduced almost half
compared with December.
DIAGRAM

AND IMMIGRATION

1922

1921

1920

A slight increase was noted in employment in February, especially in New York State. Total pay roll
increased somewhat less than employment in New
York, but much more than employment in Wisconsin. Unemployment in Pennsylvania continued to be
reduced.
Immigration declined 22 per cent, continuing its
steady fall, and emigration showed a slight decrease.
Postal savings increased very slightly after a long
succession of declines.
DIAGRAM

OCT.
NOV

Of»*

1

LABOR.

January...
February..

17
DIAGRAM 2 1 . — R E L A T I V E T R E N D OP EMPLOYMENT, BY DISTRICTS.

DISTRIBUTION.

(Employment in January, 1921 = 100.)

Sales of mail-order houses declined 8 per cent from
January, while the compilation of chain-store sales
showed an increase of 6^ per cent. Magazine advertising increased almost 10 per cent, but postal receipts
declined slightly.

120

/

/

\

'

\
\

NEW ENG LAND
I
\

\

DIAGRAM 23.—SALES OF MAIL-ORDER HOUSES AND CHAIN STORES,
AND POSTAL RECEIPTS.

/

\

40

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30

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A

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8

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S-

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1—«*^J T A L

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36

141

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5

I

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SI

1921

I

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6

1922

DIAGRAM 22.—MAP SHOWING DISTRICTS IN EMPLOYMENT CHART.

ii

DEC.
JAN.

!isS$ !n l»20

8EPT

0

10(3 1914 1915 1916 1917 1918 1919 1920 1921
MONTHLY AVERAGE

3

i

<\

:

AUQ.
SEPT
OCT.

03

1

! |

- - Z

Iis
9*2

PUBLIC FINANCE.

f

V

wis

VV

A

/y

T

)

/

/ MICH.C/\

il A

J_ MJDDLE

There was a slight increase in the total interest-bearing
debt of the United States in February in spite of a reduction in Liberty and Victory loans. Customs receipts for February were very large, but total ordinary
receipts declined. Ordinary disbursements of the
Government also declined markedly, still exceeding the
month's receipts, however, by over 10 per cent.

\m

-JNORTH CENTRAL

( „ |
\ /

NO

i

BANKING AND FINANCE.

OHIO

i

^J

VA

K

The following table, from reports by the Anthracite
Bureau of Information gives an indication of employment in the anthracite coal fields:
DISTRIBUTION OF EMPLOYMENT AT ANTHRACITE MINES.

1921
July
August
September
October
November
December
1922
January
February

!
i
I
i
I
'
;

Miners.

156,139
155,976
151,614
153,400
157,719
156,906

43,668
44,060
42,608
43,083
44,401
44,515

22,951
23,364
22,644
23,157
24,426
24,588

45,323
44,702
42,995
43,487
44,574
44,225

39,507
39,093
38,647
38,943
39,488
38,939

4,690
4,757
4,720
4,730
4,830
4,639

155,172
155,370

44,418
44,355

24,242
24,418

43,879
43,900

38,012
38,083

4,621
4,614

95905—22-




All
other
employes
at collieries.

Company
men
(inside).

Total.

YEAR AND MONTH.

Company
men
(outside).

Miner's
laborers.

Debits to individual accounts and bank clearings
showed an almost uniform decrease, both in and outside of New York City, of about 12 percent, which, reduced to a daily average, would be almost the same as
for January. Bills discounted at the Federal Reserve
banks declined 17 per cent, and note circulation, total
reserves, and deposits all gained slightly. A similar
condition prevailed in the member banks of the
Federal Reserve System. Call money rose, but time
money continued to decline.
The number of business failures started to decline in
February, but the actual decrease was small, considering the shorter month. Total defaulted liabilities were
almost as large as in January. February dividend and
interest payments were slightly larger than a year ago,
though January's were slightly less than last year.
New capital issues by corporations declined slightly
and were almost 50 per cent less than a year ago. New
incorporations declined 30 per cent from January.
Credit reports showed an increased percentage of orders and declines in indebtedness and payments.

18

1920
JAM

-LIAB1LITI
1 MILLI0N8 0

NUMBER
COMMERI
FAILURES

s

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S
0

11922

192

W3

.* > o
Ul

;i!

1
A

t/\

if*
If
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1 i

-2,400

I

~i 1

-•2,100- - 7 0 -

/
-1,800- - 6 0 -

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1
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vfy
1/[

-900-

•

If
-600-

V /
/

1

1

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-300- -10-

—0—

Exchange rates of the principal foreign countries all
rose in February except Japan, which declined, and
Germany, which remained the same. The greatest
rise took place in Italian exchange, over 11 per cent.
The general index number of the Federal Reserve
Board declined, however, due to the heavier weighting of the low German exchange in February than in
January.
FOREIGN TRADE.

±
L

t
\
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/\ \ i
\
jftt- \ h
11/ >

FOREIGN EXCHANGE.

IS

0
1 1

-2,700-

exceeded imports in February, reversing the conditions
prevailing in January. The price of silver declined
slightly, the larger decline in London being due to the
rise in sterling exchange.

Imports showed a very slight decline in February,
but exports continued to fall off, reaching the lowest
point since 1915, with a decrease of over 10 per cent
from January. Imports increased from all continents
except Asia, whence a decline of 15 per cent occurred,
due to a falling off in Japanese trade, while heavy declines in imports from Italy and from Canada contrasted with the general increase from other continents.
Exports to Europe and Asia fell off heavily but other
continents showed slight increases.
DIAGRAM 25.—IMPORTS AND EXPORTS OF THE UNITED STATES.
—A

—0—

\

110

Prices of stofcks advanced about 4 per cent in February, while the bond index number rose 1 per cent, due
to the rise in public utility bonds. The yield on municipal bonds declined very slightly. Sales of stocks
increased slightly, but bond sales showed a large decrease, owing to the comparatively small transactions
in the United States Government bonds, as the Victory 3 | per cents were called during the month for
payment in June.
Imports and exports of gold increased in February;
both were about one-third less than last year, comparing the first two months of the year. Exports of silver




100

•

K

ft
I

Si

\

\

_l_

I 1t

*

Zf
ZT
40

\

I
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P

4TV-

AT ION

90

il
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\\\
\V

r

7

\|

. I
\y

50

\

1

\

i

\
«Jt=

U

Nl M

t'

QUOTA

MO

X.
10

1913

19

9

MONTHLY

AVERAGE

IV 20

I91

FEB.

DIAGRAM 24,—FAILURES AND LIABILITIES, BY MONTHS.

H >=;j

Is

3

i!

8

19

JREND OF BUSINESS MOVEMENTS.
The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial
movements. The numerical data for the latest months are given and in addition index numbers for the last four months and for two
corresponding months of a year ago. In many lines the figures do not lend themselves readily to statistical uniformity, due to lateness of
their publication or publication at other than monthly intervals; therefore the following explanations of the various headings are offered
to make clear such distinctions and in general to facilitate the use of the table:
January, 1922.—This column gives the January figures corresponding to those for February shown in the next column—in other words,
cover the previous month, and in some cases, where indicated by a foot note, refer to-the previous quarter; that is, ending October
1, 1921.
February, 1922.—In this column are given the figures covering the month of February, or, as in the case of stocks, etc., the situation
on February 28 or March 1. In a few cases (usually where returns are reported quarterly only) the figures are for the quarter
ending December 31 or the condition on that date. Where this column is left blank, no figures for February were available at
the time of going to press (April 6).
Corresponding month, January or February, 1921.—The figures in this column present the situation exactly; a year previous to those
in the " February. 1922," column (that is, generally, February, 1921), but where no figures were available for February. 1922,
the January, 1921, figures have been inserted in this column for comparison with the January, 1922, figures. In the case of quarterly figures, this column shows the corresponding quarter of 1920.
Cumulative total through latest month.—These columns set forth, for those items that can properly be cumulated, the cumulative total
for the first two months of the calender years 1921 and 1922, respectively, except where the February, 1922, figures are lacking, in
which case these columns are left blank.
Percentage increase (-f) or decrease (—) cumulative 1922 from 1921.—This column shows the per cent by which the cumulated total for
the first two months of 1922 is greater (+) or less ( —) than the total for the corresponding period of 1921.
Base year or period.—For purposes of comparison with a previous more or less normal period, all items, so far as possible, are related to
such a period by index numbers. The period taken for each item, called the base, is the monthly average of the year or period
stated in this column. Wherever possible, the year 1913 is taken as a base, and if no prewar figures are available, 1919 is usually
taken to avoid using a war year as a basis. In some cases it will be noted that figures were not available prior to 1920 or even 1921,
and that sometimes a month, or an average of a few months, has to be used rather than a year's average. Also, for some industries, 1919 would not be a proper base on account of extraordinary conditions in the industry and therefore some more representative year has been chosen.
Index numbers.—In order to visualize the trend of each movement, index or relative numbers are given for the last four months and
for two corresponding months of a year ago. These index numbers are computed by allowing the monthly average for the base
period, usually 1913 or 1919, to equal 100. If the movement for a current month is greater than the base the index number will
be greater than 100. If the converse is true the index number will be less than 100. The difference between 100 and any index
number gives at once the per cent increase or decrease compared with the base period. Index numbers may also be used to compute the approximate per cent increase or decrease from one month to the next.
Percentage increase (+) or decrease {—) February from January.—The last column shows the per cent increase or decrease of the figure
for tne last month compared with the preceding month.
NUMERICAL DATA.

NOTE.—Items marked with an asterisk (•) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
l
marked with a dagger (t), ddetailed
tables were
wee
published in the March SURVEY (NO. 7). For
F
detailed tables covering other
th items,
it
see the
th last
quarterly issue of the SURVEY (NO. 6).

Jan.,

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

(

t>

or decrease

(-)

1921

INDEX NUMBERS.

Percentage
increase

1922

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

1921

Percentage increase

1922

orde
crease
Jan.

Feb. Nov. Dec.

Jan.

Feb.

Feb.
from
Jan.

TEXTILES.
Wool.
Consumption by textile mills.. ..thous. of lbs..
Receipts at Boston: f
.
thous. of lbs..
Domestic f
thous. of lbs..
Foreign f
thous. of lbs..
Totalf
thous. of lbs..
Imports, unmanufactured
Machinery activity:
Looms, wide
per ct. of hours active.
Looms, narrow
per ct. of hours active.
Looms, carpet and
rug
per ct. of hours active.
Sets of cards
per ct. of hours active..
Combs
per ct. of hours active..
Spinning spindlesWoolen
per ct. of hours active..
Worsted
per ct. of hours active..
Looms and spindles:
Woolen spindles
per ct. of active to total..
Worsted spindles... .per ct. of active to total..
Wide looms
per ct. of active to total..
Narrow looms
per ct. of active to total..
Carpet looms
per ct. of active to total..




1

61,884

63,941

36,555

13,825
13,061
26,886
22,152

13,407
11,839
25,246
27,837

4,035
38,718
42,753
42,886

64.8
68.0

65.9
68.1

54.7
42.9

11920-21
11920-21

76.1
75.4
96.3

76.9
84.4
97.2

36.1
49.4
73.8

74.6
86.1

81.6
82.7

49.5
62.1

73

86

53
67
57
58
40

125,825 + 88.8
7,500
55,326
62,826
64,055

27,232
24,900
52,132
49,988

+263.1
- 55.0
- 17.0
- 22.0

163

159

153

158

+ 3.3

81
90
84
87

112
78
102
99

103
247
143
175

99
224
135
220

- 3.0
- 9 . 4

117
133

110
130

106
122

108
122

+

11920-21
11920-21
»1920-21

157
125
122

152
116
128

165
120
125

166
134
126

+ 0.6
+ 11.7
+ 0.8

11920-21
11920-21

123
122

118
120

118
120

129
115

+
-

9.3
4.2

1913
1913
1913
1913
1913

101
122
99
107
109

97
118
95
108
109

95
116
89
100
115

104
116
93
100
116

+

9.5
0.0
4.5
0.0
0.9

1913
1913
1913
1913
1913

Twelve months' average, November, 1920, to October, 1920, inclusive.

74

315
107
167
49

733

- 6.1
+ 25.7

+
+

1.9
0.0

20
TREND OF BUSINESS MOVEMENTS-Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

I N D E X NUMBERS.

Percentage

1922

r decrease

(-)
umulative

1921

1921

Percentage increase

1922

(+)

YEAR
OR
PERIOD.

1922
rom
1921.

Jan.

Feb. l! Nov. Dec.

Jan.

eb.

ordecrese
(-a)
Feb.
from
Jan.

TEXTILES—Continued.
Wool—Continued.
Prices:
Raw wool to producer
Raw wool, Boston
Worsted yarn
Wool dress goods
Men's suitings

dolls, per l b .
dolls, per l b .
dolls, per l b .
dolls, per y d .
dolls, per yd..

0.180
.5818
1.278
.815
2.835

0.223
.6727
1.300
.815
2.835

0.198
.5455
1.150
.885
3.060

Consumption by textile mills
bales.. 526,552 173,073
Stocks, end of month:
1,597
1,675
Mills
thous. of bales..
4,222
4,618
Warehouses
thous. of bales.
3,891
4,202
Visible supply
thous. of bales.
42,093 54,761
Imports, unmanufactured
bales.
Exports, unmanufactured
bales. 475,910 338,440
Manufactured goods:
32,707
31,037
Cotton cloth exports
thous. of square yds.
Fabric consumption by tire
7,707
6,711
manufacturers
thous. of lbs.
12,730
12,493
Elastic webbing sales
thous. of yds.
Machinery activity—Spindles:
34,458 33,797
Active
thousands.
Total activity
mills, of hours.
7,932
7,120
Activity per spindle
hours.
215
193

395,115

1913
1913
1913
1913
1913

117
114
148
186
198

31.3

1913

76
95
321
157
118
83

313
153
138
68

93
144

119
114
148
157
198

101
110
161
145
184

23.9
15.6
1.7
0.0
0.0

109

106

10.2

123

130

4.7
8.6
7.4
30.1
28.9

Cotton.
761,385

999,625

1,327
5,503
4,707
28,055
493,426

52,079
1,098,807

96,854
814,350

86.0
25.9

1913
1913
1913
1913
1913

30,087

67,574

63,744

5.7

1913

101

81

2,598
9,079

5,550
16,784

14,417 +159.8
25,223 + 50.3

21920-21
1919

78
50

59

32,497

63,968

68,255 +

1913

104

107

1913
1913
1913
1913
1913

131
136
168
155

6.7

148
300

190 |

114

+ 5.4

108

12.9
1.9

191
86
112

114

1.9
10.2
10.2

Prices:

Raw cotton to producer
Raw cotton, New York
Cotton yarn
Print cloth
Sheeting

dolls, per l b .
dolls, per l b .
dolls, per l b .
dolls, per y d .
dolls, per y d .

.155
.1790
.3050
.0578
.0980

.159
.1806
.3505
.0563

.103
.1390
.3213
.0528
.0926

production.
production.
production.

114.2
78.7
1.1

62.0
68.8
1.7

33.3
27.3

3 1920
3 1920
3 1920

399
31
7

production.
production.

223.5
79.1

215.5
84.1

53.0
28.0

3 1920
3 1920

101
35

thous. of lbs.
bales.
bales
.dolls, per lb

3,881
33,842
31,139
6.762

2,964
22,107
28,982
6.566

2,328
16,525
27,928
5.733

3,037
38,701

6,845 + 125.4 ]
55,949 + 44.6 !

37,781
14,612

31,345
18,462

48,542
26,852

97,445
46,226

69,126
33,074

137
143
154
168
174

129
140
148
168
160

2.6
0.9
4.0
2.6
0.0

536
105
52

445
115
57

,020
154
20

- 45.7
- 12.3
55.0

396
17?

384
154

401
158

- 3.7
168 + 6.3

120

204
70
38
209

136
113
48
186

104 - 23.6
74 - 34.7
45
180 - 2.9

148

128

Knit Goods.
Orders received
per ct. normal
Shipments
per ct. normal
Cancellations
per ct. normal
Unfilled orders, end of
month
per ct. normal
Production
per ct. normal
Silk.
Imports, raw
Consumption, raw
Stocks, raw, end of month
Prices, raw, Japanese, N. Y

Burlap and Fiber.
Imports:
Burlapf
thous. of l b s . .
Fiber (unmanufactured)f
long tons..

1913
1920
1920
1913

29.1
28.5

1909-13
1909-13

144

143

24.9
15.6
69.3
19.0

1913
1913
1913
1913

94
104
239
64

76
82
172
14

1913
Mar.,192]

128

11

- 17.0
+ 26.3

METALS.
Iron a n d Steel.
Production:
1,639
1,937
4,354
3,269
1,
Pig iron
thous. of long tons.
2,078
3,962
4,694
2,069
1,
Steel ingots
.thous. of long tons.
132
395
941
is:
Exports
thous. of long tons.
12
1J
4
21
Imports
thous. of long tons.
Unfilled orders, Steel Corp., end of
4,242
4,14:
month
thous. of long tons.
31.1
23.13
Foundry production, Ohio
per ct. of normal.
1
Six months' average, November, 1920, to April, 1921.
1
Six months' average, July to December.
* ^ h J a n u a r y > ld22» figures are in square yards. For the present these are compared
the total
probably average slightly less than in linear yards.




+

64

64
82
58
43

- 0.5
+ 9.4
- 15.9
- 7.7

70 - 2.4
125 + 34.8

directly with linear yards in earlier months. Stated in square yards

21
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covenng back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

CUMULATIVE TO/TAL
THROUGH
LATEST MONTH.

1921

1922

INDEX NUMBERS.

Percentage
increase
or decrease

BASE
YEAR

cumulative
1922
from
1921.

PERIOD.

1921

1921

Perage increase

1922

or decrease
&
from
Jan.

Jan. Feb. Nov. Dec. Jan. Feb.

METALS—Continued.
Iron and Steel—Continued.
Wholesale prices:
Pig iron—
Fdry No 2* Northern dolls per long ton
BcssfiiDfif
dolls Der Ions ton
Steel billets Bessemer
dolls Der Ions ton
Iron And st^6l
dolls Dcr ton
Composite pig iron
dolls per ton
Composite steel
dolls per 100 lbs
Composite finished steel
dolls per 100 lbs
Structural steel beams
dolls per 100 lbs

21.26
21 56
28 00
33 45
20 42
2 17
2.06
1.50

20.84
21 46
28 00
32 86
19.31
2.14
2.01
1.50

29.96
31 46
42 25
48.81
29.95
3.10
2.92
2.50

2.0
- 0 . 5

1913
1913
1913
1913
1913
1913
1913
1913

211

187 I

142

137

133

130

198

184 1 128

128

126

125

169

164

113

113

109

109

197

185

132

129

127

125

- 1 . 8

212

194

136

132

132

125

- 5 . 4

189

180

133

130

126

124

- 1 . 4

184

176

128

127

124

121

- 2 . 4

162

162

106

99

99

99

1913

72

58

9

29

25

14

-

1920
1920

20

25

70

55

58

77

+ 32.8

95

94

85

83

92

88

- 4 . 3

+ 9.2

0.0

0.0

Locomotives.
Rhipmfintsf

.

njiTnher

76

44

177

56.1
41.7

18.3
44.5

397

120

-69.8

42.1

Finished Iron and Steel.
Sheets, blue, black, and galvanized:
Production
per ct of capacity
Stocks
per ct of capacity
Steel barrels:
Shipments
barrels..

42.0
43 4
89 216
15 6
72,100

78 587
....
12 8
57,692
25,634

150,800 +161.4

162,437
117,335

63,264 - 61.1
105,992 - 9 . 7

78,700
Structural steel sales .
long tons.
Copper.
37,416
76,508
Production!
thous. of lbs.. 25,848
Exports
thous. of lbs.. 53,130 52,862
62,480
129
.129
Wholesale price electrolytic
dolls perlb
136
Zinc.
Production
thous. of lbs. ^ 47,412
45,026 . 35,538
Stocks, end of month
thous of lbs 131 356 128,248 156,040
74
Imports
thous. of lbs..
3,879
58
19,414
Receipts, St. Louis
thous. of lbs
10,698
15,271
17,025
Shipments, St. Louis
thous. of lbs.. 29,052 31,323
.054
051
.049
Price slab prime western
dolls per lb
!
Tin.
Stocks, end of month
tons
1,406
3,546
1,331
Imports
thous. of lbs..
9,295
5,270
9,103
Wholesale price, pig tin
dolls per lb
.305
.326
.320
Lead.
Receipts, St. Louis
thous. of lbs.. 19,500
11,604
8,392
Shipments, St. Louis
thous of lbs
8,514
6,787
2,630
Wholesale price pig desilverized dolls per lb
047
047
047
FUEL AND POWER.
Coal and Coke.
Production:
Bituminous coal
thous. of short tons.. 37,600 40,951
30,851
Anthracite coal
thous of short tons
6 258
6 762
7 701
Beehive coke
thous of short tons
549
865
496
By-product coke
thous. of short tons..
1,795
1,888
1,903
Public utility electric
power
mills, of kw. hrs..
3,485
3,805
3,166
Shipments, anthracite
thous. of long tons..
4,848
5,239
5,966
Storage, anthracite
thous. of long tons
3 674
3 567
879
Exports.
Bituminous
thous. of long tons
814
1 257
644
Anthracite
thous. of long tons
224
275
291
Coke
thous. of long tons
32
27
30
Wholesale prices:
Bituminousf
dolls, per short ton
3 600
3.750
5 100
\nthra,cite chestnuti"
dolls Der Ions ton
10 641 10 633
10 637
Coke, Connellsville*... dolls, per short ton
3 038
5.188
2.750
Retail prices:
Bituminousf
dolls, per short ton
9 71
11 41
9.90
Anthracite:
Stovef
dolls per short ton
14 97
14 92
15 80
15.01
Chestnutf
dolls, per short ton..
14.99
15.88




87,370
4,826
36,810
45,027

7,854

15,703
7,075

92,438 + 5.8
132 - 97.3
30,112 -^18.2
60,375 + 34.1

18,398 +134.3

31,104 + 98.1
15,301 +116.3

+ 10.4

Jan., 1921
Jan 1921
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913

- 58.4
- 14.0
4.6
62 -

499

65

114

104

122

36

29

112

80

81

88

84

75

22

18

25

37

78

87

103

87

75

75

82

82

83

86

86

90

62

73

76

82

187

192

165

164

162

26

107

1

7

2

78

55

69

72

70

+ 44.8
-0.5
82 5.1
- 5.0
-2.4
2 + 27.6
39 - 44.9
110 + 7.8
78

158

88

122

102

92

89

90

87

83

- 3 . 9

1913
1913
1913

138

192

71

92

72

76

27

55

72

93

95

97

+ 5.6
+ 2.1

79

73

65

73

71

68

-4.7

1913
1913
1913

133

153

356

212

30

168
44

256

51

49

97

78

- 40.5
-20.3

113

106

107

107

107

107

0.0

1913
1913
1913
1913

1919
7,275 + 8.5
10,087 - 10.9 Jan., 1919
1921
1,458

158

154

60

6,708
11,320

580

166

99

78,551
13,020
1 045
3,698

3 505

104
120

101

71,121
15 111
2 002
4,166

- 13.8
— 4.78
- 11.2

100
100

1909-1913
1909-1913
1909-1913

+

101

77

90

77

94

103

97

101

90

78

41

31
178

17

18

82
18

89
20

167

176

180

169

-

215

8.9

+ 8.1
+ 10.7
5.7

109

98

112

117

117

107

— 8.4

119

133

118

103

108

116

+ 8.1

100

143

584

608

596

579

- 2 . 9

205

115

98

70

59

101

101

114

106

78

74
95

52

37

42

32

41

+ 26.4
+ 22.8
44 + 6.7

1913
1913
1913

255

232

186

175

200

200

201

201

171
200

164
200

-

227

213

122

113

113

125

+ 10.5

1913

218

210

190

189

182

179

-

1913
1913

207

204

195

195

194

193

204

201

191

191

190

189

- 0.3
-0.1

4.0
0.1

1.9

22
TREND OF BUSINESS MOVEMENTS—Continued.

I
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (t), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

FUEL AND POWER—Continued.
Petroleum.
Crude petroleum-/
Production
thous. of bbls..
Stocks, end of month
thous. of bbls..
Consumption
thous. of bbls..
Imports
thous. of bbls..
Shipments from Mexico
thous. of bbls..
Price, Kansas-Oklahoma..... .dolls, per bbl..
Gasoline:
Production
thous. of gals..
Exports
thous. of gals..
Domestic consumption
thous. of gals..
Stocks, end of month
thous. of gals..
Kerosene oil:*
Production*
thous. of gals.
Stocks*
thous. of gals.
Gas and fuel oil:*
Production*.,
thous. of gals.
Stocks*
thous. of gals.
Lubricating oil:*
Production*
thous. of gals.
Stocks*
thous. of gals.
PAPER AND PRINTING.
Wood pulp, mechanical:
Production
short tons.
Consumption and shipment
short tons.
Stocks, end of month
short tons.
Imports
short tons.
Wood pulp, chemical:
Production
short tons.
Consumption and shipment
short tons.
Stocks, end of month
short tons.
Imports
short tons.
Newsprint:
Production
short tons.
Shipments
short tons.
Stocks
short tons.
Exports
thous. of lbs.
All other paper:
Production
short tons.
Shipments
short tons.
Stocks
short tons.
Exports, printing
thous. of lbs.
Prices, newsprint:
Contract, domestic
dolls, per 100 lbs.
Contract, Canadian
dolls, per 100 lbs.
Spot market, domestic
dolls, per 100 lbs.
Printing:
Activity
weighted index number.
Paper purchases, quantities, .index number.
Paper purchases, value
index number.
Sales
index number.

NUMERICAL DATA.

fcorre-

Jan.,
1922

Feb.,
1922

sponding
month,
Jan.
or
Feb.,
1921.

43,141 41,163
196,228 208,203
44,906 40,611
13,097 12,077
18,364 16,852
2.250
2.250

35,366
130,884
39,328
11,384
16,506
1.938

444,623
49,856
282,717
705,711

460,432
52,497
294,751
571,984

38,170

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentage

1922

ordecumulative
1922
from
1921.

73,325

84,304 + 15.0

88,772
24,577
34,987

85,517 - 3 . 7
25,174 + 2.4
35,216 + 0.7

106,562

88,026 - 17.4

1921

1921

1922

YEAR
OR
PERIOD.

or decrease
Jan. Feb.

Nov. Dec.

1913
1913
1913
1913
1913
1913

183
118
227
889
856
364

183
168
211
876
814

1919
1919
1919
1919

140
176
103
121

133
117
109
124'

163,082
430,045

1919
1919

105
139

87
113

858,111
1,319,481

732,542
993,127

1919
1919

132
120

136
173

74,314
245,231

72,432
201,628

1919
1919

122
114

117
134

109,175 98,742
101,957 98,315
125,298 125,725
20,920
9,138

117,884
108,857
155,997
3,275

258,883
232,518

207,917 - 19.7
200,272 - 13.9

117
102

17,351

30,058 + 73.2

1919
1919
1919
1909-13

157,746 1^1,568
158,774 142,399
50,815 52,984
95,525 66,443

125,913
119,157
60,609
15,682

260,267
242,681

302,314 + 16.2
301,173 + 24.1

51,160

161,968 +216.6

105,808
103,192
26,550
5,073

97,786
96,521
27,815
1,672

103,040
96,281
39,176
5,066

226,870
212,457

203,594 - 10.3
199,713 - 6.0

10,029

6,745 - 32.7

400,387 404,031
391,676 395,529
238,421 246,923
6,841
3,025

304,926
287,398
234,052
13,101

601,564
557,145

804,418 + 33.7
787,205 + 41.3

29,470

9,866 - 6 6 . 5

3.629
3.479
3.581

5.921
6.458
6.279

1919
1919
1919
1909-13

77
100
139

Jan. Feb.

from
Jan.

4.6
6.1
9.6
7.8
8.2
0.0

203
175
219
929
898
241

172,917
327,484

3.756
3.484
3.685

Percentage increase

124 - 23.4

109

90
101
13

90
93
75
216

101
95
80
173

- 9.6
- 3.6
+ 0.3
56 - 56.3

78
74
113
61

101
102
80
279

94
92
87
459

94
374

90 - 8.4
- 10.3
+ 4.3
260 - 30.4

1919
1919
1919
1913

108
101
135

90
84
164
70

91
91
97
35

94
93
100
44

92
90
111
70

85
84
116
23

1919
1919
1919
1913

74
67
101
171

76
71
109
137

108
106
105
38

100
98
111
49

100
97
111
72

101
0.9
98 + 1.0
115 + 3.6
32 - 55.8

1919
1919
1919

163
175
162

159
177
146

113
110
97

110
110
85

101
95

98 - 3.4
95 :- 0.1
- 2.8

Sept., 1920
1918
1918
1918

75
113
180

75
71
90
162

105
92
139

93
105
93
149

150

279

227

536

607

559

- 7.6
- 6.5
+ 4.8
- 67.0

RUBBER.
Crude:
Imports
Consumption by tire manufactures
Wholesale price, Para Island,
N.Y
Tires:
Production:
Pneumatic
Solid
Inner tubes




+ 23.6

thous. of lbs.

54,011

66,744

21,933

48,845

120,755 + 147.2

1913

thous. of lbs.

21,180

18,447

7,824

14,449

39,626 +174.2

* 1920-1921

73

86

194

199

233

dolls, per lb.

.193

.163

.168

1913

21

21

27

26

24

20 - 15.5

thousands.
thousands.
thousands.

2,055
40

2,084
39
2,597

820
23
917

74

90
100
91

193
187
212

201
174
206

224
173
234

228 + 1.4
170 - 2.5
259 + 10.8

2,343

1,523
45
1,657

4,139 +171.8
79 + 75.6
4,940 +198.1

* Six months' average, November, 1920, to April, 1921,

* 1920-21
«1920-21
* 1920-21

203 -

1.3

23
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
... an asterisK
. . . /4N
NOTE.—Items marked_ witn
{*) ,nave
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Percentage
increase
or decrease
cumulative

1921

I N D E X NUMBERS.
xrer-

BASE
YEAR
OR
PERIOD.

1Q99

1922

from
1921.

1921.

centage increase
1921
1921
1922
' or decrease
&
Jan. Feb. Nov. Dec. Jan. Feb. from
Jan.

RUBBER—Continued.
Tires—Continued.
Domestic shipment:
Pneumatic
Solid
Inner tubes
Stocks, end of month:
Pneumatic
Solid
Inner tubes

thousands..
thousands..
.thousands..

1,597
33
1,890

1,562

1,074

2,039

37
1,703

30
1,130

59
2,172

thousands..
thousands..
thousands..

4,174
182
5,247

4,691
183
6,142

5,193
304
5,415

^81,614
6 9,162

109,005
12,898

15,241
7,397
154

19,600
9,950
169

AUTOMOBILES.
Production:
Passenger cars
• number..
Trucks
number.
Shipments:
By railroad
carloads..
Driveaways
number of machines..
By boat
number of machines..
GLASS.
Bottles:
Production
index number..
Illuminating glassware:
Net orders
per °t- of capacity..
Actual production
per ct. of capacity..
Shipments billed
per ct. of capacity..

40.0
42.0
35.0

3,159 + 54.9
70 + 18.6
3,593 + 65.4

16,471
10,692
192

34,841
17,347
323

76
79
76

85
81
83

106
94
113

157
108
185

127
91
138

124
100

- 2.2
+ 12.1

125

- 9 . 9

21920-21
21920-21
2
1920-21

103
103
102

100
104
99

76
59
95

71
57
86

81
62
96

91
62
112

+ 12.4
+ 0.5
+ 17.1

77
40

51
32

59
35

79
49

+ 33.6
+ 40.8

1919
1919

190,619
22,060
9,986
7,507
99

21920-21
21920-21
21920-21

+111.5
+ 62.2
+ 68.2

1920
1920
1920

31
8
2

48
19
2

68
27
30

58
19
3

73
19
3

94
25
4

+ 28.6
+ 34.5
+ 9.7

1919

100

87

86

86

83

81

— 2.4

137
162
159

98
161
148

108
132
114

98
138
136

+ 4.5
+ 19.3

May,1921
May,1921
May,1921

36.4
43.9
41.8

— 9.3

BUILDING AND CONSTRUCTION.
Buildings.
Building volume
B uilding costs
Concrete factorv costs
Contracts awarded,floorspace:
Business buildings
Industrial buildings
Residential buildings
Educational buildings

index number..
index number..
index number
thous. of sq. ft..
thous. of sq. ft..
thous. of sq.'ft..
thous. of sq. ft..

4,811
3,033
18,083
2,001
727
172
914
455
30,261

Hospitals and institutions
thous. of sq. ft..
Public buildings
thous. of sq. ft..
Social and recreational bldgs.thous. of sq. ft..
Religious and memorialbldgs.. thous. of sq. ft..
Grand total
thous. of sq. ft..
Contracts awarded, value:
Business buildings
thous. of dolls.. 23,696
Industrial buildings.
thous. of dolls
19,695
Residential buildings
thous. of dolls.. 75,728
Educational buildings
thous. of dolls.. 12,067
Hospitals and institutions
thous. of dolls..
5,369
Public buildings
.. *
thous of dolls
942
Public works and utilities
thous. of dolls.. 18,735
Social and recreational bldgs. .thous. of dolls..
6,356
Religious and memorial bldgs.. thous. of dolls..
3,367
Grand total
thous. of dolls.. 166,320
Fire losses
thous. of dolls.. 38,663

Lumber.
Southern pine:
Production
•
M ft. b. m.. 396,120
Stocks, end of month
M ft. b. m.. 1,172,652
Price " B " and better, .dolls, per M ft. b. m.. 41.91
Douglas fir:
Production (computed^
M ft. b. m.. 350,081
Shipments (computed)
M ft. b. m.. 330,831
Price No. 1 common dolls, per M ft. b. m.. 11.500




+ 69.4
+ 31.5
+129.8
+ 50.1 ;
+ 96.6 |

6,264
2,417
16,490
2,325
995
92
787
629
30,061

3,277
1,786
8,319
1,625
94
324
979
368
16,772

876
437
1,474
735
32,131

39,240
10,733
75,728
13,110
7,749
705
21,193
3,941
4,882
177,473
29,304

17,020
9,037
36,294
8,647
1,146
2 482
18,547
5,328
2,253
100,677
25,889

37,548
24,474
67,026
15,552
5,925
3 561
42,733
9,602
4,514
212,285
61,209

62,936
30,428
151,456
25,177
13,118
1 647
39,928

+ 67.6
h 24.3 i
+126.0
+ 61.9 !
+121. 4

10,297
8,249
343,793
67,967

+
+
+
+

373,626
,200,704
43.53

334,054
,284,291
33.99

625,897

769,746

+ 23.0

403,802

213,527
205,470
12.500

376,918
387,662

346,500
12.500

6,539
4,145
15,043
2,882

2 Six months' average, November, 1920, to April, 1921.

11,075
5,450
34,573
4,326
1,722
264
1,701
1,084
60,322

753,883
677,331

— 39.6

+ 15. 4 |
+ 47. 5
+ 87.7

— 53.7

- 6 . 6

7.2
82.7
61.9
11.0

+100.0
+ 74.7

1913
1913
1914

41
231
241

43
231
220

101
166
154

118
169
152

91
169
152

100 +
162 —
152

1919
1919
1919
1919
1919
1919
1919
1919
1919

35
18
33
66
212
66
39
83
33

35
14
41
85
25
188
77
83
36

56
33
112
178
142
69
97
111
82

50
22
109
172
207
193
79
115
76

52
24
90
104
198
100
72
102
65

68
19
82
121
270
53
62
142
65

1919
1919
1919
1919
1919
1919
1919
1919
1919
1919
1919

61
36
43
69
146
96
58
61
72
52
158

50
21
51
87
35
222
44
77
72
47
115

72
41
128
183
138
79
63
96
104
89
117

65
34
143
151
197
192
67
88
108
92
129

70
46
107
121
164
84
45
91
108
77
172

116 + 65.6
25 — 45. 5
0.0
107
132 + 8.6
237 + 44.3
63 — 25.2
51 + 13.1
57 - 38.0
156 + 45.0
83 + 6.7
131 - 24.2

1917
1917
1913

69
95
160

79
94
148

100
79
206

92
82
189

94
85
182

88
88
189

- 5 . 7

1917
1917
1913

47
56
168

57
64
136

105
97
125

99
93
125

100
102
125

116
107

+ 15.3
+ 4.7

& Revised figure.

9.9
4.1

0.0

+ 30.2
-20.3
- 8 . 8

+ 16.2
+ 36.9
- 46.5
- 13.9
+ 38.2
- 0 . 7

+ 2.4
+ 3.9

136 +

8.7

24
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (t), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (No. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentage
increase

1922

or decrease
cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

1921

Percentgeinirease
(+)

1922

>rde-

ease
Jan. Feb.

Nov. Dec.

Jan.

l

eb.

U
rom
Jan.

BUILDING AND CONSTRUCTION-Con.
Lumbers-Continued.
Michigan hardwood:
Production
M ft. b. m..
Shipments
M ft. b. m..
Western pine:
Production
M ft. b. m..
Shipments
M ft. b. m.
North Carolina pine: t
Productionf
Mft.b.m.
Shipments t- M ft. b. m.
Oak flooring:
Production
Mft.b.m.
Shipments
M ft. b. m.
Orders booked
M ft. b. m.
Stocks, end of month
M ft. b. m.
Unfilled orders, end of month
M ft. b. m.
Exports, planks, scantlings, and posts.M ft. b. m.

35,375 - 15. fc
31,361 + 93.2

19,471
16,601

15,904
14,730

22,040
7,501

42,001
16,233

35,385
82,874

38,419
90,191

22,274
48,603

46,972
91,396

42,490
32,270

50,890
41,090

21,539
19,215

19,262
14,970
13,606
27,467
21,230
148,675

17,282
16,455
16,063
28,856
20,907
125,973

5,508
5,966
5,355
39,843
4,095
66,342

30,121 34,683
31,301 30,043
138,574 146,911
31,222 35,941
23,751 30,357

41,298
35,674
123,914
20,811
56,565

94,542
81,051

64,804 - 31.5
61,344 - 24.3

40,765

67,163 + 64.8

1917
1917

44
18

73,804 4- 57.1
173,065 + 89.4

1917
1917

22
39

32,760
35,098

93,380 +185.0
73,360 +109.0

1919
1919

33
49

9,777
10,148
10,572

36,544 +273.8
31,425 +209.7
+180.6

1913
1913
1913
1913
1913
1909-13

64
70
85
444
50
48

1919
1919
1919
1919
1919

105
90
85
39
76

152,524

274,648

32

31

- 18.3
- 11.3

56
87

33
75

+ 8.6
+ 8.8

124
134

126
126

254
325
389
232
290
62

262
301
214
242
288
85

63
58
102
58
28

67
60
105
54
25

59
62
100
61
25

34
52
93

47
59
87

85
181
40
71

56
173
37
46

51
170
52
57

15

63

443
56
37

124
100

+ 19.8
+ 27.3

249
305

+
+
+
-

10.3
9.9
18.1
5.1
1.5
15.3

+
+
+
+

15.1
4.0
6.0
15.1
27.8

Brick.
Clay, fire:*
Production *
thousands.
Shipments *
thousands.
Stocks, end of month *
thousands.
New orders *
thousands.
Unfilled orders *
thousands.
Silica:
Production
thousands.
Shipments
thousands.
Stocks, end of month
thousands.
Face brick:
Production
thousands.
Stocks in sheds and kilns
thousands.
Unfilled orders
thousands.
Shipments
thousands.
Prices:
Common red, N. Y
dolls per thous.
Common salmon, Chicago, .dolls, per thous.

59
106
70
32

6,581
8,246
36,344

6,116
7,263
35,743

9,319
5,583
40,771

20,185
13,649

12,697 - 37.1
15,509 + 13.6

1919
1919*
1919

77
58

25,331
154,285
31,799
14,902

22,926
151,769
44,513
18,392

15,314
154,156
28,425
11,628

3,147

48,257 + 45.6

1919
1919
1919
1920

39
173
33
27

36

101
159
42
87

15.23
8.40

16.75
8.38

16.50
11.21

1913
1913

251
229

251
227

229
175

221
181

232
170

255 + 10.1
170 - 0.2

4,291
2,931
13,316
1.50

4,278
3,285
14,310
1.50

4,379
3,331
11,400
1.72

8,477
5,870

8,569 + 1.1
6,216 + 5.9

1913
1913
1913
1913

57
45
102
171

116
70
81
148

85
50
106
148

56
40
119
148

56 - 0.3
44 + 12.1
128
7.5
148
0.0

48,425
53,422
58,420

52,575
56,759
49,134

24,499
118,205
21,302

46,943

101,000 + 115.2

37,642

107,554 + 185.7

1919
1919
1919

65
214
23

71
280
30

148
96
59

112
126
60

140
127
84

152
8.6
135
6.2
70 - 15.9

63,047
102,190
80,124

70,654
101,566
68,414

62,097
82,501
48,022

108,908

133,701 + 22.8

95,868

148,538 + 54.9

1919
1919
1919

102
49
65

136
59
65

120
72
70

99
80
68

138
73
109

154 + 12.1
73 - 0.6
93 - 14.6

73,877
129,586
84,791

73,660
129,505
71,434

52,181
97,924
44,442

93,160

147,537 + 58.4

91,685

156,225 + 70.4

1919
1919
1919

75
64
54

96
78
50

130
91
71

105
106
71

135
103
96

135 - 0.3
103 - 0.1
- 15.8

38,831
83,242
54,545

35,446
80,742
35,240

27,738
80,533
21,757

57,232

74,277 + 29.8

44,310

89,785 +102.6

1919
1919
1919

117
104
82 | 101 101
54 I 52

97
11
71

13'
104
130

- 8.7
- 3.0
- 35.4

57,129
5,521

59,41
5,461

26,436
4,387

59,200
7,525

116,547 + 96.9
10.982 + 45.9

1919
1919

20,332

33,294

+ 63.8

43 - 7.1
52 - 11.9
86 - 1.7
+
+

9.5
1.6
40.0
23.4

Cement.
Production
Shipments
Stocks, end of month
Price, Portland

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

Enamel Sanitary Ware.
Baths:
Orders shipped t
number
Stocks f
number
Orders received f
number
Lavatories:
Orders shipped t
number.
Stocks f
number.
Orders received f
number.
Sinks:
Orders shippedf
number.
Stocks f
number.
Orders received f
number.
Miscellaneous:
Orders shipped f
number.
Stocks f
number.
Orders received f
number.
Abrasive Paper and Cloth.
Domestic sales
Foreign sales




reams
reams

39 I 48
48 | 34

+ 4.0
- 1.1

25
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
XT

T-i.

l

-a

...

.

. ,

/4

v

not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (No. 6).

Jan.,
1922

1922*

Corresponding
month,
Jan
or
Feb.,
1921.

INDEX NUMBERS.

Percentage
increase

,

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

or decrease

BASE
YEAR

cumu-

PERIOD.

1922

Jan. Feb.

from
1921.

or decrease

|

1Q99

1921

1922

1921

1921

Perage increase

Nov. Dec.

Feb.
from
Jan.

Jan. Feb.

H I D E S AND L E A T H E R .
Hides.
Imports:
Total hides and skins
thous. of lbs.. 27,833 35,190
21,519
43,480
Calf skins
thous. of lbs..
2,272
3,013
2,265
3,910
Cattle hides
thous. of lbs.. 15,934 23,286
13,947
28,646
Goat skins
thous. of lbs..
5,530
5,563
1,989
4,016
Sheep skins
thous. of lbs..
4,679
3,213
2,294
2,606
Stocks, end of month:
Packer hides, green s a l t e d Cattle hides
thous of lbs 155,145
249 105
Calf and kiD
thous of lbs
41 302
3 757
Other hides and s k i n s Green salted—
Cattlp hirlo<?
thous of lbs 115,060
121 091
Calf and kip
thous. of lbs.. 31 149
33 812
Dry salted:
Cattle hides
thous. of lbs
19 353
20 126
Calf and kip
thous. of lbs.
4,828
8 099
Sheep and lamb
thous of lbs
32 960
30 703
Prices:
Green salted, packers' heavy
native steers
. .dolls, per lb.
.136
.165
160
Calfskins, country No. 1
dolls, per l b .
.134
.138
138
Leather.
Production:
1 178
2,368
Sole leather
thous. of sides
1 655
1 466
28,221
Skivers
dozens.. 18,950 17,021
13,987
Oak and Union harness
stuffed sides.. 59,815 65,067
56,971
99,207
22,444
Finished sole and belting . .. .thous. of lbs.. 27,486
Finished upper
thous. of sq. ft.. 74,563
36,302
Stocks end of month:
SOIP and beltincr
thous of lbs 199,324
186,531
425,942
Upper
thous. of sq. ft.. 422,318
Stocks in process of tanning:
Sole and belting
thoiis, of lbs
106,705
105 712
Upper .
thous. of sq. ft
135,515
179,574
Exports:
Sole...
thous. of lbs.
3,776
873
986
1 036
Upper
thous. of sq. ft
2,501
6,009
4,403
5 595
Prices:
Sole hemlock, middle No. 1
dolls, per l b . .
.380
.350
.340
Chrome calf, " B " grades
dolls, per sq. ft
.525
465
465
Leather P r o d u c t s .
Belting, sales:
295
309
Quantity
thous of lbs
Amount
thous. of dolls
666
497
Boots and shoes:
Production
thous of pairs
25 173 24 900
Exports
thous. of pairs..
2,283
322
1,169
390
Price, wholesale, men's black
calf blucher
dolls, per pair.
6.75
6.75
7.25
CHEMICALS.
Imports:
Potash
long tons
7,300
11,531
17,591 20 793
Nitrate of soda
long tons
109,837
9,470 19 160 29,532
Exports:
Sulphuric acid
thous. of lbs..
2,286
626
4,190
728
548
1,884
Dyes and dyestuffs.
thous. of dolls
657
338
76,292
182,445
Total fertilizer
long tons
67,011 51,656
Price index numbers:
Crude drugs
index number..
Essential oils
index number..
Drugs and Pharmaceuticals index number
Chemical price
i
index
weighted index number
Price, sulphuric acid 66u N.Y.*fdolls. per pound..
.008
.008
.010
4
Twelve months' average, September, 1920, to August, 1921, inclusive.




+ 44.9
+ 35.2
+ 36.9
+ 176.2
+ 17.7

63,023
5,285
39,220
11,093
5,507

1909-13
1909-13
1909-13
1909-13
1909-13

51

50

59

24

33

35

77

73

62

25

24

67

39

49

84

65
57
70
70
76

+
+
+
+
-

26.4
32.6
46.1
0.6
28.6

87 73

3.0

65

82

33

44

83

122

67

68

61

43

!

41920-21
41920-21

3,121 + 31.8
35,971 + 27.5
124,882 + 25.9

2,022 — 46.5
9,998 + 66.4

712

- 68.8

38,384 +232.9
28,630 - 73.9
1,354

- 67.7
- 47.2
118,667 — 35.0
995

63
44

66

97
94

96

100

98
117
102

103
132
96

114

86
77

90
74

90

93
134
66
117
153

106

102

65

179

136

50

41920-21
4 1920-21

101

113

96

101

96

< 1920-21
* 1920-21
* 1920-21

110

105 i

83

115

100

95

1913
1913

91

74

81

71

1919
1919
1919
* 1920-21
« 1920-21

63

63

91

95

93

117

44

60

63

92

87

122

76

70

137

41920-21
41920-21

102

101

106

102

102

99

«1920-21
• 1920-21

96

99

103

89

92

115

1913
1913

111

34

90

40

28

66

1913
1913

142

135

121

195

195

186

1919
1919

44

40

37

49

44

1913

132

1913

1909-13
1909-13
1909-13
1909-13
1909-13
Aug.. 1914
Aug.,1914
Aug.,1914

107
99
99
115
50
66

38

94

139
93

73

88

78

126

113

63

68

0.0

- 11.4
- 10.2
+ 8.8

113
155
109
101
95
118
38

40

50

63

+ 5.1
+ 27.1

121
186

121

124

173

173

32

35
30

36

139

36

67

38

46

+ 21.1

233

233

217

217

217

217

0.0

20
186

35
68

65
36

81
12

83

+

2.9
0.0

42

22

I

98 + 18.2
44 +102.3

115 107 119
102 - 14.0
310 372
4,615 1,895 1,731 1,362 2,271 1,167 - 48.6
98
62
50 - 22.9
65
74
103
153
200
155

145
189
149

127
135
116

132
137
118

134
136
117

147 145 144
»1913-14
181 166
80
85
85
98
92
1913
* Average for fiscal year ending June 30,1914.

139 + 3.7
136
0.0
115 - 1 . 7
148 '+ 2 . 8
80

26
TREN© OF BUSINESS

MOVEMENTS—Continued.

NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

FOODSTUFFS.
Wheat.
Exports, Including
flour
thous. of bush
Visible supply
thous. of bush
Receipts, principal markets
thous. of bush
Shipments, principal markets
thous. of bush
Wheat flour production
thous. of bbls
Prices:
.No. 1, Northern, Chicago
dolls, per bush
No. 2, Red, winter, Chicago.. dolls, per bush
Flour, standard patents
Minneapolis
dolls, per bbl
Flour, winter straights,
Kansas City
dolls, per bbl

Corresponding
Jan.,
1922

Feb.,
1922

Jan.
or
Feb.,
1921.

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

or decrease
(-)
cumulative
1922
from
1921.

1921

1922

50,180

25,976 - 48.2

50,187
34,186
15,990

40,158 - 20.0
22,871 - 33.1
19,005 + 18.9

BASE
YEAR
OR
PERIOD.

1921

1921

Percentage increase

1922

or decrease
Feb.

1913
1913
1919
1919
1914

228
144
92
96
92

194
130
67
75
73

163
260
81
98
112

126
264
76
68
93

126
92 - 26.7
235 210 - 10.8
55 | 72 + 30.0
57
58 + 1.8
96
100 + 4.9

Nov. Dec.

Jan. Feb.

14,985
120,804
17,458
11,335
9,273

10,991
107,791
22,700
11,536
9,732

23,075
66,928
21,209
14,996
7,066

1.285
1*196

1.400
1.382

1.688
1.919

1913
1913

204
199

185
195

134
119

137
119

141
121

153 + 8.9
140

7.000

7.975

9.181

1913

210

200

156

150

153

174

5.875

6.700

7.962

1913

216

207

153

152

153

174

+ 15.6
+ 13.9
+ 14.0

Corn.
Exports, including meal
Visible supply
Receipts, principal markets
Shipments, principal markets..
Prices, contract grades, No. 2,
Chicago

&
from
Jan.

Jan.

thous. of bushs
thous. of bushs
thous. of bushs
.thous. of bushs

19,437
30,383
52,097
29,393

22,254
44,767
58,330
31,842

8,561
24,745
26,196
13,431

dolls, per bush

.484

.572

.665

511

436

567

14,314

41,691 +191.3

65,544
30,806

110,427 + 68.5
61,235 + 98.8

+
+
+
+

14.5
47.3
12.0
8.3

1913
1913
1919
1919

136
190
262
196

203
294
175
152

106
217
103
144

248
323
265
197

460
362
347
332

1913

109

106

77

77

77

91 + 18.2

1913

32

19

11

19

17

14 - 14.7

1913

121

115

94

97

100

106 + 6.1

1913

205

91

172

57

29

1913

120

110

89

88

93

101 + 8.8

446 1,286
135
126

745
127

780 + 4.8
156 + 22.6

132
97

176
129

170 +

527
533
389
360

Other Grains.
Oats:
Exports, including meal
thous. of bushs
Prices, contract grades,
Chicago
.dolls, per bush
Barley:
Exports
Price fair to good, malting,
Chicago
dolls, per bush
Rye:
Exports, including flour thous. of bushs

.375

1,530

947

.430
4,315

886 - 79.5

421

465

1,324

.582

.633

.688

1,154

1,209
.992

3,836
1.488

9,316

36,508
50,460

35,355
51,199

37,364
36,758

79,657
76,993

thous. of bushs
thous. of bushs

302
116

204
66

269
106

547
278

thous. of bushs
thous. of bushs

161
151

120
65

36
32

thous. of bushs
thous. of bushs

170
151

136
131

1,185
1,639

Other Crops.
Apples:
Cold-storage holdings
thous. of bbls
Carlot shipments*
carloads
Potatoes, carlot shipments*
carloads
Onions, carlot shipments*
carloads
Citrus fruits, carlot shipments*——carloads.

4,313
4,055
15,399
1,672
8,513

3,058
4,542
12,615
951
6,684

3,649
6,698
11,884
1,769
9,289

12,744
25,755
3,807
19,192

1,628
672
233
927
9,109

1,416
586
243
822
12,404

1,190
465
166
728
14,547

2,834
1,074
371
1,723
39,314

3,044
1,258
476
1,749
21,513

Price, No. 2, Chicago

dolls, per bush.

- 38.1

2,363

- 74.6

1913
1913

71,863
101,659 -f 32.0

1913
1919

3,546 2,482
234
259

32

+ 10.5

Total Grains.
Total grain exports, including
flour
thous. of bushs
Carloadings of grain and grain products
cars

204
103

180

139
108

3.2
1.5

Flaxseed.
Receipts:
Minneapolis*
Duluth*
Shipments:
Minneapolis*
Duluth*
Stocks:
Minneapolis*
Duluth*

506 182 -

7.5
3*5

1913
1913

281 +339.1
216 +148.3

1913
1913

32
11
135
86

103
14

1913
1913

507
57

509
60

315
20

170

8,597 - 32.5
28,014
8.8
2,623 - 31.1
15,197 - 20.8

1919
X919
1919
1919
1919

272
89
92
117
183

210
99
79
102
172

136
206
104
68
112

313
85
65
60
169

+ 7.4
+ 17.1
+ 28.3
+ 1.5
- 45.3

1919
1919
1919
1919
1913

80
68
46
87
182

58
52
38
64
107

94
112
113
82
74

73
5

249
60
103 I
96
158 |

22 - 32.5
43.1
6
77

- 25.5
- 57.0

58 - 20.0
5 - 13.2

176 67 +
84 55 124-

29.1
12.0
18.1
43.1
21.5

Cattle and Beef.
Receipts, primary markets
Shipments, primary markets
Shipments, stocker and feeder
Slaughter
Exports of beef products




thousands
thousands
thousands
thousands
thous. of lbs

79
75
53
81
67

69
66
55
72
91

- 13.0
- 12.8

+ 4.3
- 11.3
+ 36.2

27
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (!), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

t

or decrease

(-)

1922

Percentage increase

( }

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentage
increase

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

1921

1922

ordei crease
Jan. Feb.

Nov. Dec.

Feb.
from
Jan.

Jan. Feb.

FOODSTUFFS—Continued.
Cattle and Beef—Continued.
Cold-storage holdings of beef
thous. of lbs.
Inspected slaughter production
thous. of lbs.
Apparent consumption!
thous. of lbs.
Prices:
Cattle, corn fed, Chicago
dolls, per 100 lbs.
Beef, fresh native steers,
Chicago!
dolls, per 100 lbs.
Beef, steer rounds, No. 2,
Chicagof
dolls, per 100 lbs.

78,29$
381,718
379,993

78,659

8.150

146,409
387,870
367,300

1919

60

33

1913

88

114

1919

82

64

83

8.638

9.312

1913

116

110

101

97

96

.154

.145

.160

1913

134

124

133

127

119

112 -

5.8

.118

.128

.143

1913

122

109

87

90

97 +

8.5

4,278
1,787
27
2,484
127,623
693,020
482,083

3,612
1,327
62
2,285
138,055

4,009
1,391
51
2,604
151,336
664,634
422,389

- 9.4-

1919

126

107

99

105

+ 1.9

1919

140

116

109

148

33 |

33

;+ 0.5

102

J+.6.0

85

Hogs a n d P o r k .
Receipts, primary markets
thousands.
Shipments, primary markets..
thousands.
Shipments, stocker and feeder.
thousands.
Slaughter
thousands.
Exports, pork products
thous. of lbs.
Inspected slaughter production
thous. of lbs.
Apparent consumption!
thous. of lbs.
Cold-storage holdings, pork
products
thous. of lbs.
Prices:
Hogs, heavy, Chicago
.dolls, per 100 lbs.
dolls, per lb.
Pork, loins, fresh, Chicago!

546,100 606,548

8,709
3,057
94
5,636
313,030

7,890
3,114
89
4,769
265,678

-5.3

1919

58

68

44

47

- 15.4

1919

120

103

93

84

-

1913

197

184

110

130

1913

154

138

118

133

1919

158

104

175

168

105

43

51

15.1

I

954,849

1919

1913

111

110

82

81

1913

146

130

121

95

1919

79

67

73

1919

57

48

73

1919

15

11

35

1919

104

928

7.765
.160

9.900
.169

9.156
.193

1,835
887
183
925

1,399
656
169
760

1,516
586
62
935

3,914

4,019

59,304

1919

5.260
12.170

6.094
14.175

3.688
9.438

1913

74

1913

140

18,352
20,026

19,951
21,457

21,830
23,708

52,022
55,695

38,303 - 26.4
41,483
25.5

1919

42

41,697
10,684
805

38,894
11,319
1,026

27,996
11,274
1,168

58,935
22,661
1,816

80,591 + 36.7
22,003 - 2.9
1,831 + 0.8

35,042
21,430
179

22,557
14,953
13

27,103
17,477
43

.365
.209

.375
.208

.493
.251

Imports, raw
long tons.. 314,939
Meltings, raw
long tons.. 291,601
Stocks, raw
long tons.. 85,602
Exports, refined
long tons.. 63,765
Prices:
Wholesale, 96° centrifugal N. Y.dolls, per lb..
Wholesale, refined, N. Y
dolls, per lb..
.048
Retail, average 51 cities
index number..

448,321
415,723
163,817
60,390

265,898
261,686
114,476
17,503

.049

.053
.071

114
150
36
98
156
144
172

97 - 15.6
111 - 25.7
83 :+ 129 6
90 j -

168 !+

8.0

8.2

+ 11.1
93
108

114

+ 27.5
+ 5.6

118

Sheep a n d M u t t o n .
Receipts, primary markets
thousands.
Shipments, primary markets
thousands.
Shipments, stockers and feeders
thousands.
Slaughterthousands.
Cold-storage holdings, lamb and
mutton
thous. of lbs.
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs.
Sheep, lambs, Chicago
dolls, per 100 lbs.

3,308
1,273
150
2,036

3,234 -

2.2

1,543 j + 21.2
352 I +134.7
1,685 - 17.2

81
73
32

76

705

62

- 23.8

54

- 26.0

29

-

7.7

72

-

17.8

+

2.7

77

47

59

81
135

112
156

130

112

31

26

28

8.7

,009 1,237 1,058 1,133

7.1

+ 15.9

182 + 16.5

Dairy Products.
Condensed and evaporated milk:
Exports
thous. of lbs.
Exports, dairy products
thous. of lbs.
Receipts at 5 markets:
Butter
thous. of lbs.
Cheese
thous. of lbs.
Eggs
.thous. of cases.
Cold-storage holdings:
Creamery butter
thous. of lbs.
American cheese
thous. of lbs.
Case eggs
thous. of cases.
Wholesale prices at 5 markets:
Butter
dolls, per lb.,
Cheese
dolls, perlb..

31

26 |

1913

1,253

1919

61
67
70 j 69

81

1919
1919

55

34

81

-6.7

83

+

45

5.9

+ 27.5

1916-20

74

116

62

- 35.6

1916-20

67

92

74

58

- 30.2

1916-20

1

65

24

5

1919

85

1919

94

81

76

73

62

63

71

66

67

67

+ 2.7
- 0.5

Sugar.




379,516
392,296

763,260 +101.1
707,324 + 80.3

1913

65

151

1919

40

80

1919

110

120

43,086

124,155 +188.2

1909-13

866

1913
1913
1913

176

118

100

179

255

82

78

90

128

593

+ 42.4
+ 42.6
65
86
90
172 + 91.4
573 1,077 2,159 2,045 - 5 . 3

153

151

117

106

104

107

177

166

121

117

112

115

162

122

118

113

+ 5.6
+ 2.1
116 + 2.7

28
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (t), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (No. 6).

Feb.,
1922

Jan.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

INDEX NUMBERS.

Percentage
increase

(+)

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

241,369

226,200 -

or decrease
(-)
cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

6.3

1909-13

1921

1921

Percentage increase

1922

or decrease
Jan. Feb.! Nov. Dec. Jan. Feb.

Feb.
from
Jan.

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

thous. of lbs.

119,353

106,847

130,413

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

9,234
1,387
1,064

9*404
1,453
1,009

8,992
1,901
790

thous. of bags.
thous. of bags.

1,259
499

327

thous. of lbs.

6,966

147

172

165

202

158

141 - 10.5

76
100

77
110

79
85
123

78
73
111

80 + 1.8
77 + 4.8
106 - 5.2

1,938 I

2,073

+ 7.0

1913
1913
1913

1,076

2,065
1,274

2,227 + 7.8
826 - 35.2

1913
1913

100
151

109
173

116
199

96
110

127
127

- 23.1
- 34.5

5,030

2,711

5,958

11,996 +101.3

1909-13

39

33

112

135

85

- 27.8

12,114
9,825
49,060 50,008
16,887 12,195
418,349 256,872

40,305
34,479
20,297
424,557

111,596 i
55,730 |
42,985 |

21,939 - 80.3
99,068 + 77.8
29,082 - 32.3

1913
1913
1913
1919

245
99
191
95

139
161
171
81

37
225
148
149

43
149
164
121

42
229
142
82

34
234
103
50

169,156 j .
161,809
333,696 I 192,027 - 42.5
.070

1919
1919
1913

278
263
116

281
247
97

187
265
114

167
202
115

164
154
118

117 - 28.8
140 - 9.3
139 + 17.4

42

44 + 2.9

59

52

51 - 2.5

73
231

70

120

j

Tea.
Imports

FATS AND OILS.
Total vegetable oils:
Exports
thous. of lbs.
Imports
thous. of lbs.
Oleomargarine—consumption
thous. of lbs.
Cottonseed stocks
tons.
Cottonseed oil:
Stocks
thous. of lbs.
Production
.thous. of lbs.
Price, New York
dolls, per lb.
Linseed oil:
Shipments from Minneapolis.. .thous. of lbs.
Linseed-oil cake:
Shipments from Minneapolis.. .thous. of lbs.

98,295
100,706

69,952
91,321
.101

-I-

6,457 j 6,647

6,125

15,745

15,356

443
3,706
34,215
32,265

11,277 I

13,104 + 16.2

1913

34

40

49

19,483

38,828

31,101 -

1913

64

65

52

447
3,126
32,456
25,635

497
4,119
30,007
41,735

959
8,021
57,160
88,587

890
6,832
66,671
57,900

1913
1913
1913
1909-13

73
301
73
149

79
318
81
133

326
83

27.500

27.500

32.500

1913

246

246

208

4.22
.082
.044
.078
.005
.367
.249
.194

4.36
.087
.049
.083
.005
.376
.261
.195

.072
.036
.075
.016
.342
.223
.164

.476
.278

.474
.281

.487

.948
.772
.126
.101

.963
.826
.132
.104

19.9

+
+
-

18.9
1.9
27.8
38.6

TOBACCO.
Production:
Large cigars
millions.
Small cigarettes
millions.
Manufactured tobacco and snuff, thous. of lbs.
Exports, unmanufactured leaf
thous. of lbs.
Price, wholesale, Burley good
leaf, dark red, Louisville
dolls, per 100 lbs.
FOREIGN EXCHANGE BATES.
Europe:
England
dolls, per £ sterling.
France
dolls, per franc.
Italy..
dolls, per lire.
Belgium
dolls, per franc.
Germany
dolls, per mark.
Netherlands
dolls, per florin.
Sweden
dolls, per krone.
Switzerland
dolls, per franc.
Asia:
Japan
dolls, per yen.
India
dolls, per rupee.
Americas:
Canada
dolls, per Can. doll.
Argentina
: .dolls, per gold peso.
Brazil
dolls, per milreio.
Chile
dolls, per paper peso.
General index of for. exchange
index number.

7.2
- 14.8
+ 16.6
- 34.6

Par val.
Par val.
Par val.
Par val.
Par val.
Par val.
Par val.
Par val.

18
35
7
82
80
81

Par val.
Par val.

98
59

.881
.804
.156
.144

Par val.
Par val.
Par val.
Par val.
Par val.

88
82
47
73
54

456
421
1,117

1915
1915
1915

250
230
274

.277

57

55

124

92
103

71
241
88
82

208

208

208

0.0

40
23
39
2
91
91
101

87
42
23
40
2
91
93
101

90
45
25
43
2
94
97
101

+ 3.3
+ 6.1
+ 11.4
+ 6.4
0.0
2.5
4.8
0.5

96
56

95
57

93
78
39
55
55

95
80
39
52
59

188
190
234

198
151

TRANSPORTATION—WATER.
Canal Cargo Traffic.
Panama Canal:
American vessels.
British vessels
Total cargo traffic




thous. of long tons
thous. of long tons
thous. of long tons

360
277
807

146
234

195
129
210

+
-

0.9
15.7
3.5
20.5

95 - 0.4
'58 + 1.1
96
86
41
53
58

+
+
+
+
-

1.6
7.0
4.8
3.0
1.7

29
TREND OF BUSINESS

MOVEMENTS—Continued.

NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
derailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentage
increase

(

-y

or decrease
(-)
cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

Percentage increase

1922

1921

or decrease
Jan. Feb. Nov. Dec. Jan. Feb.

fe).
from
Jan.

TRANSPORTATION—WATER—Continued.
Vessels in Foreign Trade.
Entered in U. S. ports:
American
Foreign
Total
Cleared from U. S. ports:
American
Foreign
Total

thous. of net tons..
thous. of net tons..
thous. of net tons..

1,963
1,931
3,894

1,832
2,295
4,127

2,293
1,999
4,292

4,799
4,198
8,997

3,795 - 20.9
*4,226 + 0.7
8,021 - 10.8

1913
1913
1913

213
67
106

247
72
118

217
71
109

167
59

156 - 6.7
70 -I- 18.9
93 + 6.0

thous. of net tons..
thous. of net tons..
thous. of net tons..

2,051
1,935
3,986

1,856
2,169
4,025

2,017
2,149
4,167

4,208
4,604
8,813

3,907 - 7.2
4,104 - 10.9
8,011 - 9.1

1913
1913
1913

220
175 | 161
76 | 66
110
104 ! 93

195

164
60

148 - 9.5
67 + 12.1
90 + 1.0

261
53

134
38

97&
112

91 I - 71.7

1920
1919

85

321

23
15

12 - 48.7
11 - 28.3

number.. 132,174
number.. 145,913
number.. 330,681

95,361
97,634
245,100

173,520
172,850
413,450

1919
1919
1919

218
120
171

161
193
175

116 I - 27.9
- 33.1
129 I - 25.9

546
number
number..
642
number..
number. 331,050
734
thous. of cars.
mills, of ton-miles.

373
100
599
334,628
769

468
71
650
243,586

1919
1919
1919
1913
1919
1919

2
1
2 None.
3
1
141 j 161 212
94
85
90
75

2 - 31.7
2 1+177.8

208
85
78

3
1
3
219
92

324,935
105,203
470,389
442,196
1,526

1913
1913
1913
1913
1913
1913

184
183
184
2443
169

(7)
174

193
144
182
203
111
179

163
154
167
192
86
172

156
145
155
186
49

1,613
476

1921
1914
•1915

104 | 103
98 i 100
100 ! 102

101
99
94

96
99
95

100
97
96

100 + 0.5
100 + 3.0
0.0

1914
•1915
«1915
1921
1913
1913
1913

217 j 214 193
222 218
177
222 214
188
102
38
63
57
58
58 H 58
372
412 411

198
179
190
122
26
67
369

191
168
176
119
19
31
364

195
183
190
117
15
28
365

100
95

112 + 12.0
108 + 13.7

116
134
183
183

126 + 8.6
138 !+ 3.0
183
0.0
183
0.0

195
61
97

I

112

Ship Construction.
Vessels under construction... thous. of gross tons..
New vessels completed
thous. of gross tons..

TRANSPORTATION-RAIL.
Freight Cars.
Surplus:
Box
Coal
Total
Shortage:
Box
Coal
Total
Bad order cars, total
Car loadings, total
Freight carried

1,367

1,503 |,+ 9.9

211
229
218

139
176
149

233
293
248

2
3
3

*I

2

1

222 I - 6.7

| + 1.1
i+ 4.8

Railroad Finance.
Revenue:
Freight
Passenger
Total, operating
Operating expense
Net operating income
Receipts per ton-mile

thous. of dolls.. 276,473
thous. of dolls.. 83,720
thous. of dolls.. 394,941
thous. of dolls.. 337,269
thous. of dolls.. 29,476
dolls, per ton-mile..

LABOR.
Number employed:
1,565
United States (1,428
firms)
thousands..
1,557
478
New York State
thousands..
464
Wisconsin
index number..
Total pay roll:
11,563
New York State
thous. of dolls.. 11,330
Wisconsin
index number..
Av. weekly earnings. .Wisconsin index number..
Unemployment, Pennsylvania t
number.. 313,835 308,540
17,643
Immigration
number.. 22,633
14,423
Emigration
number.. 15,585
Postal savings
thous. of dolls.. 144,700 145,000

12,734

25,628

22,893 i - 10.7

67,483 |
29,562 j
163,356

142,807
59,009

40,276 - 71.8
30,008 - 49.1

PRICE INDEX NUMBERS.
Farm price:
Crops
index number..
Live stock
index number..
Wholesale prices:
Department of L a b o r Farm products
index number.. j
Food, etc
index number.. \
Cloths and clothing
index number..|
Fuel and lighting
index number.. j




e Index number less than 1-

7 Deficit.

161
154
159
212

1913
1913

123
120

120
117

1913
1913
1913
1913

136
162
208
228

129
114
150
142
198 | 186
218 1 186

8

92

First quarter of year.

113
139
185
187

+ 2.
+ 8.9
+ 8.0
- 1.7
- 22.0
-7.5
+ 0.2

30
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

Percentage
increase

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

1922

INDEX NUMBERS.

Percentage increase

( }

t

or decrease

(-)

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

1922

1921

or decrease
Jan.

Feb.

Nov. Dec.

Feb.
from
Jan.

Jan. Feb.

PRICE INDEX NUMBERS—Continued.
Wholesale prices—Continued.
Department of Labor—Continued.
Metals and metal products
index number..
Building materials
index number..
Chemicals and drugs
index number..
House furnishing goods.. .index number..
Miscellaneous
index number..
All commodities
index number..
Fed. Reserve Board (Dept. of Labor prices)—
Agricultural products
index number..
Animal products
index number..
Forest products
index number..
Mineral products
index number..
Total raw products
index number..
Producers' goods
index number..
Consumers' goods
index number..
All commodities
index number.'.
Federal Reserve Board I n d e x Goods imported
index number..
Goods exported
index number..
All commodities
index number..
Dun's
index number..
Bradstreet's....'
index number..
Retail prices, food
index number..
Cost of living:
National Industrial Conference BoardFood
index number..
Shelter
index number..
Clothing
index number..
Fuel and light
index number..
Sundries
index number..
All items weighted
index number..
Foreign wholesale prices:
United Kingdom
index number..
France
index number..
Italy
index number..
Germany
index number.
Canada
index number
* Australia
index number
India
index number
Japan
index number
DISTRIBUTION MOVEMENT.
Mail order houses, total sales
thous. of dolls..
Sears, Roebuck & Co
thous. of dolls..
Montgomery Ward & Co
thous. of dolls..
Chain stores, total sales c
thous. of dolls.
F. W. Woolworth Co
thous. of dolls.
S. S. Kresge Co... #
thous. of dolls..
McCrory Stores Corp
thous. of dolls..
S. H. Kress & Co
thous. of dolls..
J. C. Penney Co
thous. of dolls..
United Cigar Stores Co
thous. of dolls.,
Owl Drug Co
thous. of dolls..
American Wholesale Corp., total
sales
thous. of dolls..
Magazine advertising
thous. of lines..
Newspaper advertising
thous. of lines..
Postal receipts
thous. of dolls..




1913
1913
1913
1913
1913
1913

152

146

239

221

1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913

182

178

283

277

190

180

177

167

155

145

119

114

245

225

220

207

175

164

169

155

182

171

177

167

114

113

142

135

163

154

154

150

134

129

172

158

Jy., 1914
Jy.,1914
Jy., 1914
Jy., 1914
Jy., 1914
Jy., 1914

172

158

166

171

174

174

198

187

190

185

1913
1913
1913
Jy., 1914
1913
Jy., 1914
Jy., 1914
1913

209

192

407

377

19,782 ! 18,198 |
14,188 | 12,413 i
5,594 | 5,785 '
15,720 ! 16,749 !
9,520 i 10,095 !
3,598 ! 3,763 |
970 i 1,056 j
1,632 : 1,835 j
2,395 I
2,165
4,898 : 4,794 |
766 \
798 ;

19,465
14,003
5,462
15,405
9,138
3,468
946
1,850
2,732
5,713
810

40,785
29,601
11,184
29,632
17,474
6,683
1,849
3,623
5,491
11,682
1,669

37,980
26,601
11,379
32,469
19,615
7,361
2,026
3,467
4,560
9,692
1,564

-6.9
-10.1
+1.7
+ 12.3
+ 10.1
+9.6
-4.3
-17.0
-17.0
-6.3

1913
1913
1913
1913
1913
1913
1913
1913
1913
1913
1913

3,133 I 1,806
1,383 j 1,515
85,673 | 75,463
20,903
20,339

2,702
1,655
75,125
19,115

5,942
4,697
159,694
39,128

4,939
4,010
161,136
41,242

-16.9
-14.6
+0.9
+5.4

1913
9113
1919
1919

+9.6

c Includes Woolworth, Kresge, McCrory and Kress only.

176

642

613

1,473

1,419

208

199

196

192

178

174

201

195

173
196

119
197
162
218
145
149

119
203
161
218
148
149

117
202
159
214
146
148

115
202
159
213
150
151

-

129
103
200
178
145
130
157
149

129
102
208
178
146
130
155
149

129
107
207
176
147
127
151
148

139
116
207
176
153
127
153
151

+. 7.8
+ 8.4
0.0
0.0
+ 4.1
0.0
+ 1.3
2.0

108
138
140
136
123
152

111
136
138
136
123
150

110
135
138
136
124
142

110
137
142
140
126
142

0.0
1.5
2.9
2.9
1.6
0.0

152
169
157
179
178
163

150
169
156
178
178
161

142
169
156
177
177
158

211

176

|
j
I
J

+
+

166 162
159
158 - 0.6
332 326
314 306 - 2.5
595 595 562
3,283 3,467 3,814 4,713 + 23.6
168 170
169 + 0.6
168
151
148
180 180
178
214 209
204 206
1.0

173
165
179
193 ; 274
151
166 \ 238
291
314 j 461
201 210 | 271
197 206 I 266
1,255 1,243 2,220
242 232 | 245
264 249
261
237
129
101
109

1.7
0.0
0.0
0.5
2.7
2.0

217
214
224
502
438
786
546
530
2,245
309
331

198 198
135 | 116
90 I 112
104 |i 118

134
91
112
145

175
161 - 8.0
178
156 - 12.5
169
175 + 3.4
197 210 ||.
6.5
172
183''
6.0
326 341 + 4.6
216
235 + 8.9
182
204 1+ 12.4
984 1,089 !+ 10.6
199
194
21
246
- 4.0

I"

229
113
102
114

132
124
90
111

j!+
j!-

42.4
9.5
11.9
2.7

31
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
•not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (!), detailed tables were
published in the March SURVEY (NO. 7). • For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

Feb.,
1922

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

INDEX NUMBERS.

Percentagi
increase

1922

(+)

or decrease

(-) '

cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

PUBLIC FINANCE.
U.S. interest-bearing debt
mill,
Liberty and Victory loans and
War Saving securities
mill,
Customs receipts
thous.
Ordinary receipts
thous.
Ordinary disbursements
thous.
Money held outside U. S. Treasury and
Federal Reserve System:
Total
mill,
Per capita

of dolls.
of
of
of
of

23,152

23,238

23,820
20,165
21,153
248,564
351,102

dolls.
dolls.
dolls.
dolls.

of dolls.
dollars.

4,707

4,412

43.22

40.46

19,065

16,543

16,642

14,730

19,372

19,129

27,251

33,652

191,001

175,651

231,247

182,206

47,078
465,892
739,281

60,903
366,652
413,453

+ 29.4
-21.3
-44.1

5,233
48.73

1919

94

94

1919

98

97

1913

682

1919

112

1919

112

92 +

0.4

92 -

1.3

94

94

93

93

98

103

412

324 1,227

317

291

617

570

580

406

320 - 21.2

91

94

1913
1913

92

127 + 23.5
-

8.0

90 -

6.3

-

6.4

BANKING AND FINANCE.
Banking.
Debits to individual accounts:
New York City
Outside New York City
Bank clearings:
New York City
Outside New York City
Federal Reserve Banks:
Bills discounted
Notes in circulation
Total reserves
Total deposits
Federal Reserve member banks:
Total loans, rediscounts, and
investments
Net demand deposits
Interest rates:
New York call loans
Commercial paper, 60-90 days

mill, of dolls.
mill, of dolls.
mill, of dolls.
mill, of dolls.
mill,
mill,
mill,
mill,

of
of
of
of

dolls.
dolls.
dolls.
dolls.

17,296

15,340

11,577

10,157

850

708

2,184

2,197

3,059

3,081

1,779

1,818

mill, of dolls.
mill, of dolls.

14,534

10,918

10,271

10,349

per cent.
per cent.

4.56

4.94

4.90

4.88

127

143

538

569

15,130
14,785

35,163
33,389

35,608
31,372

+ 1.3
-6.0

14,529
10,915

33,102
24,465 |

32,636
21,734

-1.4
-11.2

1919

81

1919

106

85

1913

236

213

234

1913

221

201

212

- 13.2

84 - 11.5

219

195 - 11.3
166 - 12.3

2,396
3,052
2,357
1,809

1919

127

66

61

44

1919

118

90

93

83

84

1919

106

137

137

140

141

1919

93

90

91

92

94

16,099
10,495

1919

107

1919

101

97

96

+

0.8

7.25
7.75

1913

210

160

155 +

8.4

1913

135

-

1.2

1913

193

1913

106

37 - 16.7

+ 0.6
+ 0.7
+ 2.2

72 - 24.9

84

Life Insurance.
Policies:
Ordinaryf
Industrial!
Groupf
Total insurancef
Amount of insurance:
Ordinaryf
Industrial!
Group!
Total insurance!

thous.
thous.
number
thous.

dlpolicies.
of policies.
of policies.
of policies.

thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.

30

49

665

712

305,528

361,571

103,725

110,954

13,287

7,420

422,540

479,945

157
484
43
641

300
971
83
1,271

270
1,106
79
1,377

-10.0
+ 13.9
-4.8
+8.3

352,027
91,866
5,324
449,217

685,814
185,223
11,298
882,335

667,099
214,679
20,707
902,485

-2.7
+ 15.9
+83.3
+2.3

1,641
60,852
165,220

3,536
112,989
526,290

5,054
146,404
529,615

+42.9
+29.6
+0.6

224

172

193

+ 12.6

128

174

142

150

+

9

()

(9)

(9)

1913

139

(9)
182

147

5.8

+ 63.3
157

+

7.1

1913

253

317

232

274

+ 18.3

1913

180

244

200

214

+

1913

413

,757

920

513

- 44.2

1913

234

308

228

259

+ 13.6

7.0

Business Finances.
Business failures:
Firms
number..
2,723
2,331
Liabilities
thous. of dolls.. 73,796 72,608
Dividend and interest payments..thous. of dolls.. 359,800 169,815
U. S. Steel Corporation's earnings., thous. of dolls..
New capital issues:
Corporations
thous. of dolls.. 209,662 202,749
State and municipalities:
Permanent loans
thous. of dolls.. 75,928
Temporary loans
thous. of dolls.. 13,228
New incorporations
.mills, of dolls..
844
591
Telephone earnings:
Total operating revenue
thous. of dolls.. 38,183
Net operating incomes
thous. of dolls..
8,149




1913

142

123

149

183

174 - 14.4

1913

229

268

235

385

320 -

1913

244

112

167

218

115 - 52.8

1913

126

51

40

1913

188

218

187

232

153

76,181

1913

224

219

381

921

223

60,586

1913

150

102

115

127

33

1913

722

214

359

490

34,394

1913

262

253

287

288

291

6,434

1913

173

181

220

172

220

298,708

654

9

556,131

412,411

1,435

Index number not computed.

-25.8

-24.4

148 -

1.6

3.3

343 - 30.0

32
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (t), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb..
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

I N D E X NUMBERS.

Percentage
increase

1922

or decrease
cumulative
1922
from
1921.

BASE
YEAR
OR
PERIOD.

1921

1921

Percentage increase

1922

or decrease
Jan.

Feb.

Nov. Dec.

Jan.

Feb.

kl
from
Jan.

BANKING AND FINANCE—Continued.
Business Finances—Continued.
Telegraph earnings: *
Commercial telegraph tolls*...thous. of dolls.
Telegraph and cable operating
revenue*
thous. of dolls.
Operating income *
thous. of dolls.
Credit conditions:
Orders
per ct. of total transactions.
Indebtedness
per ct. of total transactions.
Payments
per ct. of total transactions.

7,451

8,183

1919

108

10,480

1919
1919

104

1,042
25.4
42.3
50.1

25.6
39.7
48.1

24.4
31.6
55.2

1916

dolls, per share.
dolls, per share.

82.91
54.20

86.42
56.41

86.47
53.86

1913

thous. of shares.

15,394

16,185

10,147

26,123

thous. of dolls.
thous. of dolls.
thous. of dolls.

191,216
228,613
419,829

187,368
121,981
309,349

71,300
149,014
220,314

183,365
330,435
513,800

83.23
68.46
61.07
71.63
70.22
4.41

82.95
68.47
62.34
72.07
70.71
4.39

73.81
59.91
52.09
58.98
60.25
5.07

26,571
863

28,701
1,732

43,986
1,036

3,977
.655
35.035

4,771
7,092
.653
33.891

4,862
5,337
.592
34. 745

thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.

68,113
10,654
7,223
4,590
20,805

71,485
11,656
8,901
3,180
26,499

54,830
11,578
4,952
2,061
18,885

114,409
21,590
9,582
5,400
36,323

139,598
22,310
16,124
7,770
47,304

thous. of dolls.
thous. of dolls.

56,529
25,214

57,701
20,137

78,798
32,874

142,977
67,106

thous. of dolls.
thous. of dolls.

22,803
5,229

25,114
6,193

26,509
5,316

57,259
11,046

65,237 55,152
27,941 22,406
4,513
6,291
217,195 215,743

51,244
11,711
3,148
214,530

101,142
20,650
7,539
423,327

104

42

104

95

80

111

64
92

81

105

109

109

+
102 -

1.1

1916
1916

100

90

91

91

87 -

4.4

149

135

140

143

149

65

66

66

65

68

+ 4.2
+ 4.1

255

222

234

+ 5.1

263

-

6.4

Stocks and Bonds.
Stock prices, closing:
25 industrials, average
25 railroads, average
Stock sales (N. Y. Stock
Exchange)
Bond sales:
Miscellaneous
Liberty-Victory
Total
Bond prices:
Highest-grade rails
Second-grade rails
Public utility
Industrial
Combined price index
Municipal bond yield

per
per
per
per
per

ct. of par.
ct. of par.
ct. of par.
ct. of par.
ct. of par.
per cent.

Gold a n d Silver.
Gold:
Rand outputf
thous. of ounces.
Imports
thous. of dolls.
Exports
thous. of dolls.
Silver:
Imports
thous. of dolls.
Exports
thous. of dolls.
Price at New York
dolls per fine oz.
Price at London
pence per standard oz.

146

1913

+20.9

1913

231

147

221

378,584 +106.5
350,594
+6.1
729,178 +41.9

1919

157

100

257

1919

77

63

91

1919

95

71

129

79

87

1915

71

77

80

83

84

1.2

1915

84

79

77

102

102

0.0

84

91

92

31,579

1915
1915

1915

79

78

81

1913

113

114

101

1913

719

833

978

1913

36

14

1913

162

163

198

1913

128

102

1913

110

1913

145

+22.0
+3.3
+68.3
+43.9
+30.2

1913

83

1913

86

1913

30

1913

72

1913

77

114,230
45,351

-20.1
-32.4

1913

198

47,917
11,422

-16.3
+3.4

1913

120,389 +19.0
50,347 + 143.8
10,804 +43.3
+2.3
432,936

1913

2.0

97

52 - 46.6

132

136

100 - 26.3

91

•93

92

1.1

89

91

91

0.0

1.1

99

0.0

597
25

500
11

541 +
8.0
23 + 100.7

185

217

137

76

114

110

110

160 - 26.6
136 + 78.3
109 0.3

141

129

127

123 -

76

97

101

95

+

5.0.

100

120

99

92

101 +

9.4

47

47

122

117

100

- 30.7

97

109

92

117 + 27.4

1913

82,131
3,761

55,272
2,595

12,028

11,269 +16.2
11,069 - 8 . 0

-32.7
-31.0

•

126

3.3

U. S . FOREIGN TRADE.
Imports by Grand Divisions.
Europe:
Total
France
Germany
Italy
United Kingdom
North America:
Total
Canada
South America:
Total
Argentina
Asia and Oceania:
Total
Japan
Africa, total
Grand total




thous. of dolls.
thous. of dolls.
thous. of dolls.
thous. of dolls.

1913

186

1913

45

58 + 23.2

+ 2.1

243

173

159

174

178

278

243

226

212

170 - 20.1

138
245

152
291

+
+

248
339
228
145

209
272
318
144

- 19.8
+ 39.4
_ 0.7

160

162

164

249

225

202

195

202

300

1913

108

142

273

488

1913

222

159

218

345

1913

140

144

141

159

10.1
18.4
15.5

33
TREND OF BUSINESS MOVEMENTS—Continued.
N U M E R I C A L DATA.
NOTE.—Items marked with an asterisk (*) have :
not been published previously in the SURVEY or ;
are repeated for special reasons; detailed tables j
covering back figures for these items will be j
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, see the last
quarterly issue of the SURVEY (NO. 6).

I N D E X NUMBERS.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

1921

Feb.,
1822
1921

Jan.

1922

Feb.

from
Jan.

Nov.

U. S. FOREIGN TRADE—Continued.
Exports by Grand Divisions.
Europe:
Total
thous. of dolls.. 148,939 128,956
France
thous. of dolls.. 17,730 ! 16,054
Germany
thous. of dolls.. 23,669 ; 22,053
Italy
thous. of dolls..
9,266 I 5,637
United Kingdom
thou-. of dolls.. 64,853 i 53,390
North America:
Total
thous. of dolls.. 58,136 | 59,724
Canada
thous. of dolls.. 32,603 : 35,303
South America:
Total
thous. of dolls.. 13,864 j 14,096
Argentina
thous. of dolls..
6,187
6,246
Asia and Oceania:
Total
..
thous. of dolls.. 54,727
43,626
Japan
thous. of dolls.. 27,985 • 18,788
Africa, total
thous. of dolls..
3,232 | 4,346
Grand total
"
thous. of dolls.. 278,898 | 250,748
TRADE AND I N D U S T R Y OF FOREIGN
COUNTRIES.
United K i n g d o m .
Imports (values):
Total
thous. of £ sterling.
Food,drink, and tobacco.thous. of £ sterling.
Raw material
thous. of £ sterling.
Manufactured articles.. .thous. of £ sterling.
Exports (values):
Total
thous. of £ sterling.
Food,drink, and tobacco.thous. of £ sterling.
Raw material
thous. of £ sterling.
Manufactured articles., .thous. of £ sterling.
Reexports (values):
Total
thous. of £ sterling.
Food,drink, and tobacco.thous. of £ sterling.,
Raw material
thous. of £ sterling.
Manufactured articles.. .thous. of £ sterling.
Exports of key commodities (quantities):
Cotton apiece goods
thous. of sq. yds.
Woolen and worsted tissues.thous. of sq. yds.
Iron and steel
thous. of long tons.
Coal
thous. of long tons.
Production:
Pig iron
long tons. J
Steel ingots
long tons..j
Coal t
thous. of metric t o n s . . |
Stocks, zinc t
short t o n s . .




thous. of metric tons..

277,895
33;784
45,722
14,903
118,243

| - 50.7
;:_ 39 9
!- 47.8
I - 73.1
I - 42.1

111,381 | 269,909
45,179 ! 99,552

117,860
67,906

1913
1913

27,960
12,433

1913
1913

j 503 318
| 529 359

109
133
111 j 158

114 ; 115 + 1.7
135 I 136 + 1.0

1913
1913
1913
1913

j;
i
!
I

296
502
202
142

340
590
167 :
143

316
537
134
135

139
171
128
111

133
162
118
113

119
140
105
110

108
133
86
103

-9.3
- 5.0
- 17.7
-6.4

144
132
121
149

136
117
133
138

145
105
121
151

133
101
118
140

- 7.6
- 3.7
-2.3
-7.4

101
183
80
102

93
162
75
93

111
171
100
105

+ 20.3
+ 5.6
+ 32.6
+ 12.7
- 25.8
- 25.5
- 11.8
- 0.2

1913
1913
1913
1913
1913

•:

260
279
! 166 132 !
448
225
316
162

119
138
74
81
229 141
140 ! 132

103
125
75 - 6 . 8
86
108

124 I

134 j
83

222
134

124
104

116 i 119 | + 2.7
97 ! 105 j+ 8.3

I

38,804 | 100,234
16,441 i 40,669
85,361 ; 180,5«2
22,029 ! 44,875
12,091 |
25,984
486,454 1,140,725

529,646 j j - 53.6

550
440
576
316

493
423
506
235

!
j
j
I

i
;
I
I

252 — 20.3
361 :- 32.9
180 ! + 34.5
121 ;- 10.1

69,375
32,257
20,220
16,576

96,974
47,758
25,504
23,394

214*025 I 145,863 j 96,908
66,229 : | 62,509
44,785 j j 53,861
34,286 j j -

63,147 | 58,335
2,861 I 2,754
7,032 ! 6,869
51,824 j 48,000

68,222
3>075
5,881
58,177

160,978
6,927
13,549
137,923

121,482
5,615
13,901
99,824

1>,959
3,712
9,290
4,906

18,633
4,431
9,338
4,860

1913
1913

; 109
|; 163

1913

11 92 I 82

1913

i! 1 1 7 I

83

108
222
90
84

591,303
27,596
478
8,035

1920
1920
1913
1913

1 67
| 63
57
28

66
48
41
28

98
49
47
59

89
52
50
70

92
71
61
66

68
53
54
66

1913
1913
1913
10 1920

' 75
! 77

54
76
73
60

32
69
75
62

32
60
94
56

34
51
74
50

35 + 4.2
65 + 26.7

91
98

72
103

75
91

76
83

65
73

63
59
80
6

43
70
85

54 . 38
63
75
91 102
2
21

57
68
60
10

8,459
2,155
4,015
2,285

10,174
2,276
5,328
2,575

339,348
15,813
254
4,021

251,955
11,783
224
4,014

244,949
10,693
168
1,729

494,562
24,570
404
3,429

288,000
327,500
17,990
12,781

300,100 463,600
415,009 {483,500
18,854
9,335
15,239

1,105,700
976,960

The Netherlands.
Total trade (values):
Imports
thous. of florins.. 152,496
Exports
thous. of florins.. 86,106
Exports of key commodities (quantities):
Butter
metric tons.. 1,751
Cheese
metric tons.. 3,743
Margarine
metric tons.. 3,529
Flower bulbs
metric tons..
209
Germany.
Total trade (values):
Imports
thous. of dolls..
Exports
thous. of dolls..
Production:
Coal
thous. of metric tons.. 9,278
Lignite

238,816 I 564,035
20,432 j 56,257
87,649
38,837 j
26,004 j 55,361
93,450 I 204,244 :

10,978

jj!|j|+
jj-

31.8
31.7
28.4
36.3
24.5
18.9
2.6
27.6

588,100 I - 46.8
742,500 ||- 24.0

212 156
142 113
132 j 101
233 ' 170

i7765

88
117

i

214,136
115,835 i

1919
1919

1,937 I
|

7

!

1913
1913
12,009 j
10,071 j
April-December average 1920.

76
138

76
188

23
24

34
39

74

75
188

144

59
151

37 - 27.0

34
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*) have
not been published previously in the SURVEY or
are repeated for special reasons; detailed tables
covering back figures for these items will be
found at the end of this bulletin. For items
marked with a dagger (f), detailed tables were
published in the March SURVEY (NO. 7). For
detailed tables covering other items, sec the last
quarterly issue of the SURVEY (NO. 6).

Jan.,
1922

Feb.,
1922

Corresponding
month,
Jan.
or
Feb.,
1921.

CUMULATIVE TOTAL
THROUGH
LATEST MONTH.

Percentage
increase
(+)
or decrease

(-)

1921

j

1922

cumulative
1922
from
1921.

INDEX NUMBERS.

BASE :
YEAR ij
OR
ij
PERIOD. !i

1921

1921

Percent:age increase

1922

(+)

or de.. crease

(-)
Feb.

Jan.

Feb.

Feb. j from
Jan.

Nov. Dec. Jan.

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES—Continued.
Belgium.
Production:
Zinc t
Pig iron f
Steel ingots f

j

I

short tons..
thous. of metric tons.
thous. of metric tons.

9,092 ! 8,543 ' 7,199
112
94 \.
121
76 j.

16,360

17,635

7.8

Canada.
Total trade:
71,971
Imports
thous. of dolls.
51,476 I 54,294
144,223
105,770 - 26.7
Exports
thous. of dolls.
47,098 ! 47,004 66,315
148,249
94,102 - 36.5
Exports of key commodities (quantities):
Canned salmon
thous. of pounds.
4,224
3,204 - 24.1
1,935
1,269 | 2,351
220,354
Paper, printing
thous. of pounds. 135,402 141,458 105,671
276,860 + 25.6
Cheese
thous. of pounds.
12,063
6,228 - 48.4
1,520
4,708 ! 3,348
Wheat
thous. of bush.
20,627
11,705 - 43.3
6,103
5,602 I 9,181
Production:
Pig iron f
thous. of long tons.
32
+ 50.0
34 !
58
Steel ingots f
thous. of long tons.
+ 32.0
59
75
42 \
Bank clearings f
mills, of dolls.
1,304
2,414 - 10.2
2,689
1,110 I 1,249
Bond issues: *
Government and provincial * .thous. of dolls.
18,250
21,370 + 17.1
21,370
None, j None, i
Municipal *
thous. of dolls.
12,827 - 16.8
2,182 : 10,645 | 9,661 j 15,415 ;
40,830 + 21.3
23,552
17,278 j 9,661 ! 33,665 !
Total*
thous. of dolls.
Employment:
I
Trade union employments per ct. employed.
86.10
86.93
Applications *
number.
Vacancies *
number.
Placements: *
Regular *
number.
Casual *
number.

45

88 | 105 117 I 110 - 6.0
29
36
21
30
37

1920
1913
1913

118 ! 93
54
51
49

1913
1913

129
261

129
211

115
279

1913
1913
1913
1913

107
469
67
137

134
432
26
110

289
548
124
349

1913
1913
1913

49
46
186

69

1913
1913
1913

107
277

92
150

l :

97 + 5.5
150 i- 0.2

i

104 110
594 553
12
65
412 73

72
578
36
67

57
86
208

48
49
200

33
168

+ 6.3
+ 27.3
143 - 14.9

413
60
171

216
73
118

70
44
52

23
167

0 :-100.0
110 i+387.9
123 - 26.6

1919
1920
1920

90
103
50

92
91
57

51

1920
1920

52

44
185

38
198

11+267.5
j | - 10.9
l|+ 62.1
| + 7.4

1913
1913
1913
1913

14
63
30
61

70
32
50
85

12
51
19
58

32
55
23
155

87
37
43
76

12,950 +204.3
4,400 + 69.2
4,220 - 15.6

1913
1913
1914

71
46
275

93
29
412

122
137
192

114
92
495

229
69
275

1913
1913

173
142

196
146

253
230

265
277

290
165 j

|
j
|
I

- 34.4
+ 4.5
+209.7
- 8.2

Argentina.
Grain shipments: *
Wheat *
Corn *
Oats *
Flaxseed *
Visible supply: •
Wheat *
Corn *
Flaxseed *

,

bush..
bush..
bush..
bush..

7,530
5,788
2,196
2,538

19,213
7,603
4,414
2,662

6,054
5,081
2,557
2,820

7,277 \
15,024 I
4,077
4,842

thous. of bush..
thous. of bush..
thous. of bush..

5,920
2,400
2,000

7,030
2,000
2,220

2,405
1,000
3,000

4,255 j
2,600 I

thous. of
thous. of
thous. of
thous. of

5,000 !

26,743
13,391
6,610
5,200

Japan.
Total trade (values):
Imports
Exports




thous. of yen.. 176,300
thous. of yen.. 87,200

223
48
86
80

+155.2
|+ 31.4
1+101.0
|+ 4.9

272 ;+ 18.8
57 ;- 16.7
302 + 11.0

35

STOCKS OF COAL.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
Data from Government sources.1
[Base year in bold-faced type.]
BITUMINOUS.

YEAR AND MONTH.

1
BySteel i product
plants. I coke
i plants.

Other
industrial
plants.

Coalgas
plants.

Electric
public
utility
plants.

Retail
Raildealers. I roads.

Total.

ANTHRACITE.

BITUMINOUS.

Retail
dealers.

Estimated
total for
U. S.»

A.-INDEX NUMBERS.

B.-NUM.
DATA.

Relative to January, 1919.

Thousands
of short tons.

1919.
January
April

,

100

100

100

100

70

66

85

100
90

100

72

28
31

37
22

41
39

41
28

54
51

42
31

51
38
48
48

70
63
45
58

77
56
55

97
101
111

102
99
87
104

71
98
108

120
111

108
117

90
73

1OO

62

100

100

57,900
40,400

77

1920.
March
June

34
27

38
32

81
61

24,000
20,000

67
72

73
67
72
79

125
162
151

45,800
39,500
41,100
48,500

144
121

48,000
52,500

1921.
January
April
August
November
1922.
January
March
1

50
54

113
122

I

Reported for first day of each month by identical firms to U. S. Department of Commerce, Bureau of Census, in cooperation with U. S. Geological Survey.
> Based on reports from a selected list of 5,000 consumers whose itocksin 1918 bore a known relation to the known total stocks; index numbers are not based on these
figures.
* No data available; estimate included in total Index number.




36
FLAXSEED.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
From commercial and trade sources.
[Base year in bold- faced type.]
MINNEAPOLIS.
Receipts.

DULUTH.

Shipments.

I
. |

YEAB AND MONTH.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average..
average..
average..
average..
average..

1918 monthly
1919 monthly
1920 monthly
1921 monthly

average..
average..
average..
average..

-R*~
celpts#

,

MINNEAPOLIS.
Receipts.s

Ship™
.

m e n t s

DULUTH.

Be- 1 j Shlp- 2
Shlpments.2 ! Stocks.' i celpts. i ments.

Relative to 1913.

Thousands of bushels.

A.—INDEX NUMBERS.

B . - N U M E R I C A L DATA.

100

100

1OO

1OO

100

69

30

98

44

|
49 I

54

50

39

47

35

79

62

56

58

56

49

53

63

83

33

34

31

512 |
741 j
502 |

1OO
75

943
647

34

56

53

22

33

31

8

524 I

61

67

26

18

16

4

575 !

156
47
78
97

233
228
9)

1,036
457
487

1,099

2,751

538
382

2,060
948

130
194

596
341

613
377

1,360
846

52

346
182
412
362

338
175
278
454

208
119
758

102

51
65
11

59

33

97

40

25

28

552

50

73

416

35

41

46

469

83
105
51
.1H

36

12

9

21

13

10

340
362

19

38

20

24

35

24

90

38

29

111

19

22

59

;

-

Stocks.'

60

226
970

1,253

1920.
January...
February..
March
April
May....
June
July....
August.
September..
October. . .
November..
December..

45

22

10

17

24

12

33

12

55

43

11

59

20

21

31

17

48

157
86
76

53
135
38
10

29
29
46
44

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

63
55
35
37

61

September..
October....
November..
December..

59
122
41

9 ;

6

i|
!!

4

428
164

11

1

6
60
76
35

11

17

14

25

521

|

67

25

49

28

552

|

31

49

36

41

297

|

27

112

653 |
1,478 I

82
211

525

i
!
!
!

1

1,127

524
997
589
611

199
424
960
347

1,656
1,221
1,460
1,460

685
776

44

296

87

53

808

|

59

445

59

32

53 !

713 I

16

57
60
59

278 j
269
430
416

36
68
95

1,185
1,110
975

172
106
50
141

55
32
56
177

1,557
1,639
1,635
1,630

52
48
33
32

598
519
333
353

73
79
116
201

422
471
567
286

730
501
935
248

1,419

1,065
1,150
1,074

559
1,148

197
169
211
92

.928
848
733
395

399
559

309
863
948
594

978
654
545
227

151
65

151
131

426
457
494
461

»i
10 I

5I
H
41

j

I

5
16

23

126

39

28

108

54

79

24

315

76

86

20

170

37

54

389
335

14

302

135

621
792
365

18

28 ;

74

29

462

124
153
535
399

39

46

129

123

51 !

45 i
55 I

51

71
28

96;
57 ;

I
47 I

1

64

507
509
476
418

18
23
44

3

5

225

1921.
January..
February..
March
April

6
10 ,

85

150

1,182

783
385

1,319
921
881

1922.
32

January...
February..
March
April




22

103
77

73
58

204

161
120

170
136 j

I
1

Data from the Northwestern Miller.
s Monthly figures are totals of weekly figures with first and last weeks of month prorated.
* Stocks at end of week nearest the end of the month.

116
66

37
ARGENTINE MOVEMENT OF GRAIN AND FLAXSEED.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
Based on data from commercial and trade sources.
[Base year in bold-faced type.]

SHIPMENTS.'

VISIBLE SUPPLY.'

Wheat. Corn. Oats.

FlaxFlaxseed. Wheat. Corn. seed.

VISIBLE SUPPLY.'

SHIPMENTS.*
Wheat.

Corn.

Flaxseed.

Oats.

Wheat.

Corn.

Flaxseed.

Y E A S AND MONTH.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
191? monthly

average
average
average
average
average

1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average

100
35
89
j
82
!
32

j

i
|
j

104
116
179
62

Relative to 1913 or 1914.

Thousands of bushels.

A.—INDEX NUMBERS.

B.-NUMERICAL DATA.
8,611

100

100
71

1OO

1OO

1OO

40

83

37

149

92

67

97

179

219

60

90

63

396

299

15

30

14

183

106

100
194
71

3, 002
7, 681

15,770

5,118
2, 036

11, 204
435

3,336 I 2,588
2,761 I
964
3,222 I
4,641
2,099 | 10,256
467 !
4,740 |

7, 027

9, 428

2,745 |

2,352

1,557 I

1,700
9,965 6,234
15,383 ! 14,378
5,308 ! 9,412

3,055 |
1,903 |
2,357 I
2,298 i

1,304 ;
2,752 I
3,324 ;
4,174

7,130 I
2,992 I
4,240 !
3,814 |

3,617 « 1,520
6,233 ! 2,617
6,830
1,457
3,767
2,

1.841
3,341
1,553
3,262

2.866 |
3,954 |
4,749 |
6,160

6,105
5,180
6,660
8,140

6,400
4,960
6,000
7,000

1,400
1,800
3.200
2,200

10,360

4,000

540

8,510

4,800

540

3,700

4,800

1,200

925

10,000

1,400

11

60

39

276

103

40

37

82

116

178

|

91

46

100

164

195

I

200

60

45

125

A47

108 j

394

86

236

183

192

18,359

12,209

65

119

200

142

247

20,858

15,201

i

j
359

728
1,415
2,374
515

3, 408
4, 618

I
|

209

3,496
5,193
7,647
10,445
3,717

8,959 |

1920.
January...
February.
March....
April
May....
June
July....
August.
September..
October....
November..
December..

213

77

242

96

240

48

30

142

257

172

440

20,663

7,510

382

105

64

185

315

200

302

32.905

16,530

430

68

17

94

400

114

74

36,998

10,798

871

264

90

43

52

329

137

22,704

14,157

2,216

291

69

28

77

143

137

165

25,049

10,845

1*423

81

75

47

61

36

192

6,947

11,883

2,428

27

107

65

103

21

343

192

2,321

16,832

3,318

12

127

24

138

7

286

165

993

20,105

1,217

1

135

11

90

252

220

97

44

11

52

21

92

137

i4

30

61

71

46

275

70

50

85

93

29

412

21,334 |

(

585

3,436
4,595
3,012
1,744

1,520
2,557
3,373
2,525

2,022
2,820
6,203
5,109

587

I

3,146
1,744
2,575
2,027

555

12,000

1,400

185

10,000

1,200

8,800

1,600

555

3,200

1,000

1921.
January..
February.
March....
April
May....
June
July....
August.

104

18

66

186

143

23

440

157

11

49

153

255

17

549

112

43

82

329

137

824

35
79

122

255

172

385

280

143

229

330

97

71

149

275

65
123
36

September..
October
November..
December..

113

1,223
6,054
8,927
13,503

6,782
10,259
19,466
17,772

1,969
1,798
4,040 j
4,506 !

2,720
4,075
9,344
3,236

12,487
9,990
7,978
8,616

2,632
480
978
1,193

4,163
3,302
1,934
5,162

5,788
7,603

2,196
4,414

2,538

58

122

137

192

155

114

92

495

76

229

80

272

57

275
302

7,530
19,213

79

51

125

72

149

357

63

9

99

100

114

192

12

51

19

32

55

1,695 I

9,655
7,379
5,923
3,133
1,726
2,336
1,055
2,782

20
27

9,943 |
5,081 I
2,874 !

1,850

i,600

2,000

2,405

1,000

3,000

3,700

800

3,200

6,600

600

4,000

8,510

4,800

6,600

6,000

6,000
2,800
2,400
2,000

3,700

8,000

1,850

5,200

1,859

5,200

2,590

4,000

3,145

4,800

2,960

3,200

2,600
1,400
1,400
3,600

5,920
7,030

2,400

2,000

2,000

2,220

1922.
January..
February.

87

37
48

43

2,662

March....
April
1
Shipments of wheat, corn, and oats as reported in the Northwestern Miller. Shipments and visible supply of flaxseed as reported in th« Oil, Paint, and Drug Reporter.
Visible supply of wheat and corn in chief ports reported by Modern Miller.
1
Monthly figures are totals of weekly figures with first and last week of month prorated.
8
At end of week nearest end of the month.
4
Ten-month average.




38
MINERAL OILS AND CLAY FIRE BRICK.
INDEX NUMBERS.
Based on data from Government and non-Government sources.1
[Base year in bold-faced type; numerical data on opposite page.]
MINERAL OILS.
KEROSENE OIL.

GAS AND FUEL
OIL.

ProducStocks.
tion.

Production.

CLAY FIRE BRICK.'

LUBRICATING
OIL.

YEAR AND MONTH.

Stocks.

ProducStocks.
tion.

Production.

Shipments.

Stocks.

New
orders.

Unfilled
orders.

100
120
45

100
195
38

Relative to 1919.

127

3 81
71
100
89
151

3 85
99
100
124
104

76
89
100
85
143

97
93
108
101

85
77
75
77

108
105
116
121

82
81

95

109
110
111
125

111
109
118
131

80

j 126

83

|

85

11 131

97

139
140
137
126

92

!|

102
110
110
108

126
128
133
131

132
130
129
135

100
104
105
109

105
84
87
80

139
143
149
153

132
115
119
128

May....
June —
July....
August.

74
73
71
74

151
145
137
130

129
130
127
123

September.
October
November.
December..

94
90
87

124
111
113
113

89

109

1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly

average.
average.
average average.
average.

68
78
100
99
83

3 173
135
100
126
134

82
96

100
116

100
120
63

100
123
57

125
107
133
120

109
134
117

103
102
102
104

166
174
173
160

152
188
211
236

84
82

114
120
118
121

123
127
121
128

100
98
97
94

152
111

253
245
215
210

122
132
129
129

81
84
99

118
120
120
121

140
144
128
111

86
78
75
79

118
109
50
48

199
181
140
106

120
129
130
137

122
103
103
108

114
125
138
155

105
81
83
52

90
70
63
51

85
89
97
97

39
40
33
38

76
60
45
38

151
162
165
161

89
93
94

162
162
160
150

49
53
43
52

45
43
43
52

99
103
103
103

41
44
33
47

36
37
32
29

124
131
126
136

160
161
166
173

108
109
117

143
134
141
134

49
60
63

51
63
58
60

102
100
102
105

50
59
58
54

29
27
28
25

135

171

105

152

59

100
106

61
70

25
32

100

1920.
100
100

January...
February.
March
April
May.-..
June —
July.-..
August.
September.
October
November.
December..

135
129

1921.

January..
February.
March.
April

i
I

!
I
i

I
I
j

67

1922.
January..
February.
March




I
See footnotes on opposite page

59

39

MINERAL OILS AND CLAY FIRE BRICK.
NUMERICAL DATA.
From Government and non-Government sources.1
[Base year in bold-faced type; index numbers on opposite pages.]

MINERAL OILS.
KEROSENE
OIL.

GAS AND FUEL
OIL.

CLAT FIRE BRICK.*

LUBRICATING
OIL.

YEAR AND MONTH.

Production.

Stocks.

Production.

Stocks.

Production.

Stocks.

Production.

Thousands of gallons.
133,501
152,113
195,136
193,341
162,094

3 521,273
404,847
300,582
379,472
402,522

524,036
610,116
635,607
738,454
805,318

3 621,860
548,221
770,362
687,858
1,164,926

January...
February.
March
April

195,956
194,523
191,110
184,469

327,549
330,121
334,617
376,358

617,555
589,685
686,946
643,089

May
June
July
August..

180,877
173,581
172,214
189,010

419,078
421,343
410,853
378,549

September.
October
November.
December..

199,140
213,742
214,804
210,668

1921.
January...
February.
March
April

1917 monthly
1918 monthly
1919 monthly
1920 monthly
1921 monthly

average.
average.
average.
average.
average.

Shipments.

Stocks.

New
orders.

Unfilled
orders.

Thousands of bricks.
60,137
70,122

3 122,526
144,234

70,563

161,491

50,727

50,648

138,810

51,434

93,746

87,226
73,155

137,212
231,172

60,715
32,029

62,438
29,114

129,235
136,967

61,809
22,958

182,513
35,976

652,081
590,322
580,183
590,687

75,879
74,243
81,819
85,568

141,690
132,759
130,631
140,356

63,546
54,344
67,400
60,872

50,333
54,974
67,714
59,142

142,900
142,271
141,956
143,686

85,488
89,499
88,870
82,264

142,113
176,639
197,795
220,916

707,198
689,878
751,194
834,323

618,939
641,968
655,152
708,608

89,252
94,964
92,370
91,079

135,882
133,213
131,866
130,798

57,647
60,715
59,771
61,344

62,052
64,332
61,501
64,726

139,282
135,664
134,013
130,631

78,253
57,097
33,425
60,086

237,039
229,593
201,805
197,165

379,301
383,828
398,992
393,071

836,700
823,115
822,638
859,131

771,127
799,024
808,803
837,404

86,230
93,230
91,180
90,895

130,450
136,195
142,181
160,522

59,614
61,108
61,029
61,187

70,781
72,826
64,726
56,153

119,463
107,745
104,049
109,161

60,479
55,917
25,717
24,616

186,863
169,954
130,867
99,408

205,375
163,082
169,248
156,157

418,748
430,045
446,367
458,667

836,684
732,542
758,335
813,144

921,028
993,127
1,005,318
1,056,485

85,909
72,432
73,003
76,457

183,813
201,628
223,414
249,593

53,244
41,298
42,284
26,527

45,377
35,674
31,923
25,791

118,290
123,914
134,275
135,011

19,954
20,811
17,196
19,499

71,428
56,565
41,839
35,546

145,225
141,637
! 138,724
143,652

452,438
435,057
412,202
389,893

817,368
826,355
807,428
784,450

1,163,389
1,248,664
1,269,419
1,243,446

70,000
63,089
65,893
66,473

261,760
260,883
258,638
242,530

24,958
26,967
21,909
26,189

22,791
21,862
21,587
26,485

137,178
142,283
142,604
142,308

21,075
22,397
16,851
24,190

33,830
34,365
29,629
27,334

154,017
182,454
175,240
170,315

371,235
334,580
340,026
341,009

788,408
833,775
799,257
865,769

1,229,254
1,238,269
1,279,451
1,331,265

69,053
75,971
77,005
82,573

230,227
216,770
228,038
216,766

24,641
30,409
31,921
34,000

25,931
32,115
29,230

141,017
139,311
142,002
145,406

25,512
30,133
29,964
27,915

27,033
25,149
25,883
23,108

172,917

327,484

858,111

1,319,481

74,314

245,231

30,121
34,683

31,301
30,043

138,574
146,911

31,222
35,941

23,751
30,357

1920.

May..
June.
July
August
September.
October
November.
December..
1922.
January...
February.
March

i
iData on mineral oils from U. S. Department of the Interior, Bureau of Mines: data on clay fire brick trom*The Refractories Manufacturers' Association.
* Data revised. Figures for 1921 are from reports of 68 identical mills with a monthly capacity of 78,645,942 bricks, which is estimated by the Association to represent
from 68 to 70 per cent of the total clay fire brick capacity of the United States. Figures for 1919,1920, and 1922 are computed to this capacity, respectively, from reports from
53, 56, and 60 mills having a monthly capacity for the years in question of 71,572,186, 73,526,103, and 73,307,190 bricks.
8
Six months' average, July-December, inclusive.




40
MISCELLANEOUS.
INDEX NUMBERS.
Based on data from Government and non-Government

sources.

[Base year in bold-faced type; numerical data on opposite page.]

TELEGRAPH EARNINGS.

YEAR AND MONTH.

Commercial
telegraph
tolls*

APPLES. CITRUS
FRUIT.*

Telegraph
Operand
ating
cable
Income.
operating
revenue.

WHITE
POTA- ONIONS.
TOES.

Car-lot shipments.

LINSEED
OIL
CAKE.

COKE.

Shipments from
Minneapolis.

ConnellsviUe
wholesale
price.

LINSEED
OIL.

Relative to 1919.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average..
average..
average..
average..
average..

1918 monthly average.
1919 monthly average.
1920 monthly average.
1921 monthly average.

SULPHURIC WHEAT
ACID
FLOUR.'
66°.

New
York
wholesale
price.

Produc- I
tion. i

Relative
to 1914.

Relative to 1913.

102

76

75

70

62

80

92

73

61

100
74
73
133
338
245
194
443
149

163

96

95

114

100

100

78

69

65

57

78

76

105

70

83

84

78

84

63

94

105

61

100

100

100

100

66

88

126

100
111

100

120

100
116

97

124

52

106

103

77

114

139

119

109

54

53
61
40
50

100
100

100

129

96

200

102

169

101

112

94

91

104

134

1920.
January

Ill

112

124

65

141

83

79

52

46

246

110

February

107

105

73

65

143

56

67

47

36

246

110

98

Mareh

123

121

110

64

166

80

57

44

39

246

118

89

April

122

116

91

33

116

53

111

42

27

430

120

76
85

May....

119

116

92

19

152

45

244

62

31

492

120

June

123

120

94

4

94

98

35

66

42

586

120

77

July....

121

118

87

27

67

104

59

54

52

589

114

84

August..

125

119

96

57

45

91

119

59

59

637

109

93

124

119

86

162

34

120

211

46

36

628

110

99

122

121

91

549

58

208

282

62

40

587

110

103

110

111

63

340

143

166

168

49

34

363

108

102

113

112

68

131

168

64

68

38

37

256

93

90

108

104

42

89

183

92

117

34

64

227

92

92

98

94

37

99

172

79

102

40

65

213

98

73

112

107

93

84

208

107

99

61

59

205

100

94

103

101

75

41

200

98

144

61

41

152

95

97

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

107

102

76

22

162

99

147

55

36

136

90

87

109

105

88

6

143

117

47

67

37

127

90

83

103

99

50

17

94

114

85

6i

52

119

90

110

108

105

78

SO

67

107

117

66

115

90

137

September..
October
November..
December..

110

107

112

188

68

170

186

55

27

131

90

138

110

108

86

480

93

277

142

57

42

134

85

143

99

98

206

112

104

68

4S

52

122

85

105

104

104

111

85

169

65

60

39

59

113

85

91

98

95

64

60

158

103

96

40

52

113

80

98

67

124

84

55

44

51

125

80

100

October..
December..

1921.
January
February
March
April

1922.
January
February
March




S*e footnotes OH opposite pagt.

41
MISCELLANEOUS.
NUMERICAL DATA.

From Government and non-Government sources,1
[Base year in bold-faced type; index numbers on opposite page.}

WHITE
POTA- ! ¥1 VXW£S "
TOES.
*

TELEGRAPH EARNINGS. APPLES.

YEAR AND MONTH.

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average..
average
average
average
average

1918 monthly
1919 monthly
1920 monthly
1921 monthly

average
average
average
average

LINSEED
OIL
CAKE.

ComTelemercial
graph Operatteleand cable ing Ingraph operating come.
tolls.
revenue.

Carlot shipments.

hipme t f
Minn eapolis.

Thousands of dollars.

Number of carloads.

Thousands of
pounds.

ConnellsviUe
wholesale
price.

SULPHURIC WHEAT
ACID, FLOUR.*
66°.
New
York
wholesale
price.

Production.

Dollars \\ Dollars
per short
per
ton.
pound.

Thousands
of barrels.

$2,440
S2.O1O
1.808 '! .010
1.785 'I .013
3.246
.020
8.250 ; .017

9,703
9,338
9,919
9,815

11,397
12,055

1,304
1,596

14,105
15,005
14,627
17,870

1,835
1,740
2,163
1,905

9,271
10,026
7,856
8,157

15,998
18,473
12,069
15,068

6.000
4.738
10.816
3.645

.016
.010
.011
.009

9,317
11,091
9,146
10,102

7,629
7,704"
8,971
6,268

12,525
8,474
12,057
7,949

1,368
1,159
999
1,938

7,846
7,168
6,617
6,364

13,974

10,881
11,908
8,094

6.000
6.000
6.000
10.500

.011
.011
.012
.012

13,005
9,559
8,632
7,374

1,276
262
1,855
3,861

8,216
5,095
3,637
2,431

6,797
14,758
15,621
13,583

4,242
607
1,030
1,918

9,504
9,996
8,166
8,938

9,465
12,754
15,608
17,670

12.000
14.300
14.375
15.550

.012
.012
.011
.011

8,249
7,461
8,152
9,059

1,399
1,496
1,034
1,112

11,043
37,284
23,087
8,875

1,811
3,147
7,708
9,084

18,058
31,233
24,852
9,612

3,675
4,910
2,918
1,186

7,059
9,359
7,411
5,853

10,839
11,932
10,397
11,302

15.313
14.313
8.850
6.238

.011
.011
.011
.009

9,650
9,981
9,889
8,745

10,480
9,457
10,772
10,163

689
599
1,524
1,228

6,046
6,698
5,695
2,816

9,903
9,289
11,239
10,772

13,871
11,884
16,058
14,732

2,038
1,769
1,724
2,504

5,152
6,125
9,354
9,306

19,345
19,483
17,747
12,446

5.531
5.188
5.000
3.719

.009
.010
.010
.010

8,924
7,066
9,100
9,368

8,123
8,283
7,805
8,239

10,315
10,601
9,989
10,615

1,251
1,434
816
1,270

1,476 ! 8,720
404 i I 7,746
1,167 : 5,063
3,386 ;; 3,611

14,818
17,629
17,033
16,027

2,559
824
1,481
2,042

8,357
10,260
9,220
9,700

10,869
11,190
15,541
19,799

3.325
3.094
2.906
2.800

.009
.009
.009
.009

8,406
8,087
10,720
13,266

8,333
8,371
7,526
7,884

10,812
10,913
9,857
10,486

1,835
1,409
1,311
1,815

12,745
32,653
14,023
5,760

3,661
5,012
6,044
9,126

25,471
41,514
15,617
9,790

3,219
2,466
1,182
1,054

8,316
8,694
7,441
5,955

8,060
12,804
15,594
17,932

3.188
3.275
2.970
2.750

.009
.009
.009
.009

13,349
13,917
10,166
8,856

1,042

4,055
4,542

8,513
6.684

15,399
12,615

1,672
951

•,457
1,647

15,745
15,356

2.750
3.038

.008
.008

9,496
9,732

$5,898

$7,674

$1,711

6,950
4,754

6,287
7,596
9,113
8,043

S,477
10,095
11,698
10,371

1,282
1,636
1,438
1,265

5,737
6,796
8,580
7,739

8,455
8,114
9,338
9,281

11,316
10,648
12,256
11,735

2,022
1,199
1,802
1,489

4,393
4,419
4,378
2,229

9,005
9,354
9,169
9,522

11,703
1,500
12,140
1,539
11,937 | 1,423
12,012
1,572

September..
October
November..
December..

9,452
9,285
8,331
8,546

12,010
12,167
11,199
11,311

1921.
January..
February.
March....
April

8,183
7,412
8,535
7,823

11 3,417
I 5,398
i I 5,975
|i 7,516

30,166
20,684
17,188
18,706
18,428

COKE.

I 15,210
I 11,868
I
9,862
10,662
11,158

•.
i.
j.

;

LINSEED
! OIL.

i|

May
June
July
August
September
October
November
December
1922.
January..
February.
March....

:

7,451

1
Telegraph earnings are combined reports of the Western Union and Postal Telegraph Companies to the Interstate Commerce Commission: Carlot shipments of fruits
n d vegetables compiled by Department of Agriculture, Bureau of Marke's and Crop Estimates. Shipments of linseed oil and oil cake supplied by Minneapolis Chamber of
Commerce. Wholesale average monthly prices of coke and sulphuric acid from Department of Labor, Bureau of Labor Statistics.
* Oranges, lemons, and grapefruit.
* Wheat-flour data repeated for correction of annual figures. Data for 1914 to 1916 and 1918 through June, 1920, from reports of the U. S. Grain Corporation. Since then,
from estimates by Russell's Commercial News, based on actual reports. Data for 1917 complied by Northwestern Miller, based partly on data from U. S. Grain Corporation
for latter half of the year.
a




42

CANADIAN EMPLOYMENT AND FINANCE.
(A) INDEX NUMBERS AND (B) NUMERICAL DATA.
From Government and non-Government sources.1
[Base year in bold-faced type.]

YEAR AND MONTH.

EMPLOYMENT SERVICE OF
CANADA.

CANADIAN BOND
ISSUES.

Placements.
Appli- Vacancacies.
tions.
Regu- Caslar.
ual.'

Government Municand
Total.
provin- ipal.
cial.

Relative to 1920.

EMPLOYMENT SERVICE OF
CANADA.
Placements.

monthly average.
monthly average.
monthly average.
monthly average.
monthly average.

Relative to 1913.

1918
1919
1920
1921

monthly average.
monthly average.
monthly average.
monthly average.

1920.
January
February
March
April

1OO
161
405
393

Government Municand
ipal.
provinI Casual.* cial.

Vacancies.

I

B.—NUMERICAL DATA.
100

$ 4 , 4 2 2 $9,647 $ 1 4 , 0 6 9
14,150
7,118
7,032
23,444
17,901
5,542
17,385 |
4,158
21,543
56,198
2,365
58,562

I 1,271

73
57
43
25

100
101
167
153
416

51
27
46
73

447
498
101
145

41,533
44,240

40,165
35,002

30,502
23,376

!

Total.

Thousands of dollars.

Number.

A.—INDEX NUMBERS.
1913
1914
1915
1916
1917

CANADIAN BOND
ISSUES.

58,000
64,429 ]
9,749
13,311

4,917
2,583
4,466
7,052

62,917
70,123
14,216
20,447

100

100

100

107

87

77

100
151

! 1,312
I 1,457
220
301

109
88
101
108

67
71
95
115

71
75
93
115

71
76
89
109

202
68
336
233

35
39
90
51

48
167
108

45,308
36,361
42,146
44,921

26,858
28,348
38,200
46,380

21,553
22,861
28,268
35,216

4,651
4,979
5,860
7,160

8,950
2,998
14,850
10,300

3,404
3,718
8,647
4,962

12,354
6,716
23,497
15,262

91
88
91

104
95
95
171

122
118
120
120

278
113
425
41

9
43
28
30

94
65
153
33

37,687
36,401
37,728
57,941

43,744
36,848
41,861
71,847

31,845
29,002
31,576
52,253

8,033
7,749
7,916
7,923

12,300
5,000
18,800
1,795

916
4,149
2,718
2,900

13,216
9,149
21,518
4,695

30
36
56
108

47
91
100
218

43,376
40,896
40,601
35,028

58,685
38,096
30,273
20,845

37,712
32,721
26,274
16,747

6,794
7,330
5,892
4,770

3,750
9,250
8,750
20,250

2,900
3,517
5,386
10,376

6,650
12,767
14,136
30,626

171
69
115
114

42,794
33,535
36,239
44,974

19,910
17,165
26,649
39,292

15,940
13,849
16,330
26,076

5,299
5,156
5,727
6,561

18,250
None.
10,500
12,840

5,754
9,661
5,671
3,203

24,004
9,661
16,171
16,043

22,849
21,736
24,604
57,249

7,732
9,985
12,384
11,007

21,980
9,002
23,500
4,000

4,700
6,092
3,465
6,544

26,680
15,094
26,965
10,544

6,588
9,926,

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

140

109
92
104
179

September.
October
November..
December..

104
98
98
84

146
95
75
52

124
107
86
55

103
111
89
72

85
209
198
458

1921.
January
February
March
April

103
81
87
108

50
43
66
98

52
45
54
85

80
78
87
100

413
237
290

100
59
33

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

102
96
104
184

81
95
201

75
71
81
188

117
152
188
167

497
204
531
90

49
63
36
68

190
107
192
75

42,560
40,037
43,123
76,427

34,396
32,517
38,175
80,762

September.
October
November..
December..

126
102
91

132
86
57
51

114
72
44
38

221
235
185
198

777
309
216
70

246
47
73
44

413
130
118
52

52,340
42,509
37,740
38,596

34, 777
53,195
34,602 I 21,971
23,031 | 13,488
20,330 I 11,647 ;

14,584
15,483
12,179
13,014

34,350
13,668
9,558
3,097

23,754
4,563
6,997
4,219

58,104
18,231
16,555
7,317

57

39

138

483

23
110

167
123

42,233

23,000 I 11,825

9,118

21,370
None.

2,182
10,645

23,552
17,278

1922.
January
February
March
April

102 |

1
Data on operations of Canadian employment service prorated from weekly reports of Dominion Department of Labor, Employment Servict of Canada; Issues of Canadian
bonds compiled by The Financial Post.
• Placements are termed casual when employment lasts one week or less.




43

SOURCES OF DATA.
CURRENT PUBLICATION.*

DATE OF PUBLICATION.

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN.
AUSTRALIAN COMMONWEALTH'S BUREAU OF CENSUS AND STATISTICS.
BANK OF JAPAN
CANADIAN DEPARTMENT OF LABOR
FEDERAL RESERVE BOARD

FEDERAL TRADE COMMISSION.

Price index for Australia.

Federal Reserve Bulletin.
Labour Gazette (Canadian)
Employment
Employment
Federal Reserve Bulletin
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin and weekly press
Condition of Federal Reserve banks
Federal Reserve Bulletin and weekly press
Condition of reporting member banks
releases.*
Money held outside U. S. Treasury and Federal Reserve Bulletin
j Federal Reserve Systems.
Federal Reserve Bulletin.
I Wholesale price index numbers
! Department store trade; in cooperation with Federal Reserve Bulletin.
| National Retail Dry Goods Association.
. | Paper and wood pulp production, prices, etc.. Monthly press releases *...

Price index for India
Railway revenues and expenses
Telephone operating revenue and income..
NEW YORK FEDERAL RESERVE BANK. Telegraph operations and income
Foreign exchange rates
NEW YORK STATE DEPARTMENT OF New York State factory employment and
LABOR.
earnings.
PANAMA CANAL
Panama Canal traffic
Unemployment in Pennsylvania...
PENNSYLVANIA DEPARTMENT OF LA
BOR AND INDUSTRY.
U.S. DEPARTMENT OF AGRICULTURE- Beef and pork production

INDIAN DEPARTMENT OF STATISTICS...
INTERSTATE COMMERCE COMMISSION..

BUREAU OF ANIMAL INDUSTRY.
U.S. DEPARTMENT OF AGRICULTUREBUREAU OF MARKETS AND CROP
ESTIMATES.

U. S. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS.

U. S. DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE.

U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION.
U. S. GRAIN CORPORATION
U. S. DEPARTMENT OFTHE INTERIORBUREAU OF MINES.
U.S. DEPARTMENT OF THE INTERIORGEOLOGICAL SURVEY.

U. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE.
U. S. DEPARTMENT OF LABOR—BUREAU OF IMMIGRATION.
U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS.

Federal Reserve Bulletin.

Price index for Japan
Price index for Canada
Employment in Canadian trade unions
Operations of Canadian employment service.
Foreign exchange index numbers
Debits to individual accounts

Prices of farm products to producer
Wool consumption aDd stocks
Crop production
Cold storage holdings
Movement of cattle, hogs, and sheep
Receipts of butter, cheese and eggs
Production of condensed and evaporated milks
Car lot shipments of fruits and vegetables
Cotton ginned
Cotton consumed and on hand
Activetextile machinery
Leather, hides and shoes, production and
stocks.
Cotton seed and cottonseed oil
Stocks of tobacco held by manufacturers and
dealers.
Fats and oils, production, consumption, and
stocks.
Stocks of coal in cooperation with Geological
Survey.
All imports and exports
Tonnage of vessels, entered and cleared in
United States foreign trade.
Data on trade employment and coal and iron
production.
Data on trade of foreign countries
Vessels under construction and vessels completed.
Wheatflourproduction, prior to July, 1920....
Refined petroleum products, production, etc..
Portland cement, production, etc
Coal and coke production
Crude petroleum, production, etc
Electric power production
Number on pay roll—United States factories.
Immigration and emigration statistics

Wholesale prices of commodities, including
farm products, food, clothing, metals, etc.
Wholesale price index
Retail price index of foods
Retail coal prices
United States postal savings
U. S. POST OFFICE DEPARTMENT
Postal receipts
U. S. TREASURY DEPARTMENT
Government debt, receipts and disbursements
U. S. TREASURY DEPARTMENT—BU- Oleomargarine consumption
Production of manufactured tobacco, snuff,
REAU OF INTERNAL REVENUE.
cigars, and cigarettes.
U. S. WAR DEPARTMENT—ENGINEER Iron ore movement
Sault Ste. Marie Canal traffic
CORPS.
WISCONSIN INDUSTRIAL COMMISSION.. . Wisconsin factory earnings and employment..

Second week of month.
Second week of month.
Monthly.
Semimonthly.
Semimonthly.
Monthly (second week of month).
Sunday newspapers and monthly.
Friday morning newspapers and
monthly.
Friday afternoon newspapers and
monthly.
Monthly.
Monthly.
Monthly.

Newsprint, 20th to 25th of the month,
other paper and wood pulp, 1st of
following month.
Second week of month.
Federal Reserve Bulletin
Preliminary statement of operations of Monthly.
Class I roads.
Not published
Not published
Federal Reserve Bulletin and daily state- Daily and monthly.
ment.
Labor Market Bulletin and press releases *. Monthly.
Last weekly issue of month.
The Panama Canal Record.
Semimonthly.
Semimonthly report *
Last weekly issue of month or first
Market Reporter *
of next month.
a
Monthly.
Monthly Crop Reporter
First weekly issue of month.
Market Reporter2
Monthly Crop Reporter * and press Releases about 1st of month (cotton)
and 10th (other crops).
Market Reporter *
Fourth weekly issue of month.
Market Reporter2
Third weekly issue of month.
Weekly.
Market Reporter a*
Quarterly.
Market Reporter
Third weekly issue of month.
Market Reporter
Semimonthly during season.
Preliminary report on ginnings *
Preliminary report on cotton consumed... 15th of month.
Reports on wool machinery and on cotton 20th of month.
spindles.*
First week of month.
Census of hides, skins, and leather *
Preliminary report on cotton seed.18th of month.
Statement on stocks of leaf tobacco..
Quarterly (one month after end of
quarter).
Statistics of fats and oils *
Quarterly (one month after end of
quarter).
Bimonthly hereafter.
Commercial stocks of coal *

Monthly Summary of Foreign Commerce.
(Part I.)»
Monthly Summary of Foreign Commerce.
(Part II.)
Various sources
Various foreign sources.
Commerce Reports
No longer published.
Refinery Statistics*.
Report on Portland cement output *
Weekly report on production of coal *
Preliminary statistics on petroleum *
Production of electric power *
Industrial Survey *
Not published
Not published
Monthly Labor Review
Monthly Labor Review
_
Monthly Labor Review
Postal Savings News Bulletin
Statement of Postal Receipts *
Daily Statement of the U. S. Treasury
Statement of tax-paid products *
Statement of tax-paid products *
Not published
Not published
Bulletin on Wisconsin labor market *

Last week of month.
Middle of next month.

First weekly issue of month (Mondays).
Second week of month.
20th of month.
Second or third weekly issue of
month (Saturdays).
25th of month.
End of month.
First week of month.

Monthly.
Monthly.
Monthly.
12th of month.
7th of month.
Last day of month.
First week of month.
First week of month.
15th of month.

•1 Multigraphed or mimeographed sheets.
This is not necessarily the source of thefigurespublished in the "Survey," as many of them are obtained direct from the compilers prior to publication in the respective1journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the "Survey."
Beginning Jan. 7,1922, combined into new publication called Weather, Crops, and Market*.
* Imports and export! of gold and silver in Part II.




44
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

DATE OF PUBLICATION.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS.
ABERTHAW CONSTRUCTION CO

Building costs

j Construction trade papers.,

ABRASIVE PAPER ANI> CLOTH MANUFACTURERS' EXCHANGE.

Sales of abrasive paper and cloth

\ N ot published

AMERICAN BUREAU OF METAL STATISTICS.

Copper production
Zinc production in Belgium.
Zinc stocks in United Kingdom.

I Not published...
|
i

AMERICAN FACE BRICK ASSOCIATION.

Face brick production, stocks, etc.

Not published

AMERICAN IRON AND STEEL INSTITUTE

Steel ingot production

Press release to trade papers *

7th of month.

AMERICAN

Freight car surplus

Weekly.

Freight car shortage

Summary of Car Surplusages and Shortages.*
Summary of Car Surplusages and Short-

Car loadings....
Bad-order cars.

nformation Bulletin *.
information Bulletin *.

Stockholders in the company..

Financial papers

Weekly.
Third week of month.
Quarterly.

AMERICAN WRITING PAPER COMPANY.

Purchases and sales of paper

Not published

AMERICAN ZINC INSTITUTE

Production and stocks of zinc

Press release to trade papers *

15th of month,

ANTHRACITE BUREAU OF INFORMATION

Anthracite, shipments and stocks..

Statement of anthracite shipments *.

loth of month.

ASSOCIATION OF L I F E
PRESIDENTS.

New life insurance business

Not published

RAILWAY

ASSOCIATION

(Car Service Division).

AMERICAN TELEPHONE
GRAPH Co.

AND T E L E -

INSURANCE

BOSTON CHAMBER OF COMMERCE

Receipts of wool at Boston,

Trade papers

BRIDGE BUILDERS AND STRUCTURAL
SOCIETY.

Fabricated structural steel sales.

Press release to trade papers *.

BUREAU OF RAILWAY

Number of tons carried 1 mile..
Average receipts per ton-mile..

Summary of operating statistics.
Not published

ECONOMICS,..

CHICAGO BOARD OF T R A D E .

Receipts and shipments of wheat and c o r n — Trade papers

CREDIT CLEARING

Credit conditions

HOUSE...

iredit

F. W. DODGE CO

Building statistics—Contracts awarded

Statement on Building Statistics.

ENAMELED SANITARY MANUFACTURERS
ASSOCIATION.

Enameled sanitary ware

Not published

FEDERATION

British iron and steel production.

Trade papers..

OF IRON

AND STEEL

Weekly

Daily.
15th of month.
Monthly.
Daily.
Weekly
Monthly.

Second week of month.

MANUFACTURERS (British).
ILLUMINATING GLASSWARE
KNIT GOODS
AMERICA.

Illuminating glassware production, orders, etc. Not published...

GUILD....

MANUFACTURERS

Knit underwear production, etc

OF

Monthly report *

Monthly.

Sales of 1 eather belting

Monthly report (not published).

MOTOR AND ACCESSORY MANUFACTURERS' ASSOCIATION.

Motor accessory sales and credit conditions

Credit Department Bulletin * . . .

First week of month.

MERCHANTS' EXCHANGE OF ST. LOUIS

Receipts and shipments of lead and zinc.

Receipts and shipments at St. Louis

3d of month.

MICHIGAN HARDWOOD
ERS' ASSOCIATION.

Hardwood lumber, production and shipments

Not published

LEATHER BELTING

EXCHANGE—

MANUFACTUR-

MINNEAPOLIS CHAMBER OF COMMERCE

Linseed oil and oil-cake shipments.

Monthly statements.

NATIONAL ASSOCIATION OF SHEET AND
T I N PLATE MANUFACTURERS.

Sheet-metal production and stocks.

Not published

NATIONAL ASSOCIATION
MANUFACTURERS.

1913 figures for active textile machinery

No longer published..

Production and shipments of passenger cars
and trucks.

Traffic bulletin * (production figures not
published).

Glass bottle production index

Not published

Cost of living.

Monthly press rele;

21st of month.

NATIONAL RETAIL DRY GOODS ASSOCIATION.

Department store trade (see Federal Reserve
Board).

Federal Reserve Bulletin..

Monthly.

N E W YORK COFFEE AND SUGAR E X CHANGE.

Coffee receipts, stocks, etc

Monthly statement..

OF

WOOL

NATIONAL AUTOMOBILE CHAMBER OF
COMMERCE.
NATIONAL BOTTLE
ASSOCIATION.
NATIONAL
BOARD.

MANUFACTURERS1

INDUSTRIAL

CONFERENCE

N E W YORK METAL EXCHANGE

I Stocks of tin

Trade papers...

NORTH CAROLINA P I N E ASSOCIATION.. '

North Carolina pine, production, etc.

Not published..

OAK
FLOORING
ASSOCIATION.

Oak flooring, production, etc

Not published.,

Ohio foundry iron production..

Monthly report * (not published).

MANUFACTURERS'

OHIO FOUNDRYMEN'S

ASSOCIATION..

PENNSYLVANIA RAILROAD CO




Financial papers
I Stockholders in the company..
* Multigraphed or mimeographed sheets.

Second week of month.

I First week of month.
First week of month.

* Quarterly.

45
SOURCES OF DATA—Continued.
CURRENT PUBLICATION.

SOX7BCE.

II
REFRACTORIES MANUFACTURERS'
SOCIATION.

DATE OF PUBLICATION.

REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
AS-

Fire-clay brick production, etc

Not published

Silica brick production, etc

Not published

RUBBER ASSOCIATION OF A M E R I C A . . .

Automobile tires, tubes, and raw material

Monthly reports (2) not published

SILK ASSOCIATION OF AMERICA

Raw silk consumption, etc

Monthly press release to trade papers *.

SOUTHERN P I N E ASSOCIATION

Yellow pine production and stocks

Not published

STEEL
BARREL
ASSOCIATION.

Steel barrel shipments

Monthly reports * (not published)

TANNERS' COUNCIL

Leather production

Not published.

U. S. STEEL CORPORATION

Unfilled orders
Earnings
Stockholders
Wages of common labor

Pressrelease*
Pressrelease*
Financial papers.
Special reports*..

10th of month.
Monthly.
Quarterly.
Occasionally.

UNITED TTPOTHETAE OF AMERICA.

Printing activity

Typothetae Bulletin.

Monthly.

W E S T COAST LUMBERMEN'S ASSOCIATION.

Douglas fir lumber production, etc

WEBBING
CHANGE.

MANUFACTURERS'

MANUFACTURERS'

WESTERN
PINE
ASSOCIATION.

EX-

MANUFACTURERS'

5th of month.

Not published
Not published.

Sales of elastic webbing

Not published.

Western pine lumber production, etc

ID.—REPORTS FROM TECHNICAL PERIODICALS.
DATE OF PUBLICATION.

SOURCE.

AMERICAN METAL MARKET
T H E ANNALIST
T H E BOND BUYER

Composite pig iron and steel prices.

First or second week of month (daily).

New York stock sales
New York closing stock prices..
State and municipal bond Issues..
Muncipal bond yields

First weekly issue of month (Mondays).
Weekly (Mondays).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).

Visible supply of wheat and corn
Bank clearings, United States and Canada.
Price index

i Weekly (Saturdays).
. First weekly issue of month (Saturdays).
. j Second weekly issue of month (Saturdays).

BULLETIN DE LA STATISTIQUE QENERALE

Price index for France..

COMMERCIAL AND FINANCIAL CHRONICLE

Cotton (visible supply)
•Interest rates
Mail order and chain store sales..

J Monthly.
i
.1 Weekly (Saturdays).
,| Weekly (Saturdays).
. i Second or third weekly issue of month (Saturdays).

Dow,

New York bond sales...
New York bond prices.

. I First week of month (daily).
.; First week of month (daily).

B RADSTREET'S

JONES & Co.

(WALL

STREET

JOURNAL)

D U N ' S REVIEW

Business failures.
Price index

First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays)

ENGINEERING AND MINING JOURNAL

Rand gold production..
Silver prices

Second weekly issue of month.
Second weekly issue of month.

ENGINEERING N E W S RECORD

Construction cost.and volume index

First weekly issue of month

FRANKFURTER ZEITUNG

Price index for Germany

Monthly.

Pig-iron production

First weekly issue of month (Wednesdays).
Weekly (Wednesdays).

IRON AGE

Composite finished steel price
IRON TRADE REVIEW

Iron and steel prices

LONDON ECONOMIST

Price index for United Kingdom

MODERN MILLER

Argentine visible supply of wheat and corn.

N E W YORK JOURNAL OF COMMERCE

N E W YORK EVENING POST
NORTHWESTERN MILLER

OIL, PAINT, AND DRUG REPORTER

v

Dividend and interest payments
New capital issues
New corporations
Fire losses
Newspaper advertising

PRINTERS' INK
RUSSELL'S COMMERCIAL NEWS
STATISTICAL SUGAR TRADE JOURNAL




10th of month.
Weekly.
First week of month (daily).
First week of month (daily).
First week of month (daily).
10th of month (daily).
Not published.

Flaxseed, receipts, etc
Argentine grain shipments
Wheat flour production for 1917

Weekly.
Weekly.

Price indices of drugs, oils, etc

Weekly (Mondays).
Weekly (Mondays).

Argentine shipments and supply of flaxseed.
OIL TRADE JOURNAL

Weekly (Thursdays).

Mexican petroleum shipments
Magazine advertising
Wheat flour production, from July, 1920

Weekly compilation (daily).
Weekly (Fridays).

Sugar stocks and meltings
11

10th of month (monthly).
Second week of month.

Multigraphed or mimeographed sheets.

O