Full text of Survey of Current Business : April 1922
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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/ V 7¥ hi 400 » 1 s\ 1 11 1 s s >V A/ V w 360 TEF / V ?300 * « 5,00 ISO i. f 100 % \\\ \\ \ 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 \ \ s• \\n 7 4 " ' ^ 1 \ / W MILLIONS TONS [*' / \ /f < L 1 £\ \ J Tj 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 t\ I \ fc> \ Mill to s / V s 1 \ \ I 1 ft \ > \1 T n< V J % 400 J £ 400 / Ht1 \ / \ { r ^ 1917 1911 1919 MONTH LY 1 \ \ -A S s 1 7, 1 J\ K V- '• A J / 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 \ T J / M \\ \[ Vi I \\\ V \ \ \ / II 1?' AL s Ti / \ \ l\\\ /n * A 1| \ / 0 400 I f/ NJ^ 1 350 1 ,.. 5 YEAR AND MONTH. 1 \ \ Sy 4f 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 \ 30 \ ;> .*/ / \ A !0 8 >£ \ V\ ! _ j c i i \ / \ i >.\ii-i, S- > / 1—«*^J T A L \ 1 V 36 141 / i j i 1 j 1 * i \ 1 Aj | 1 ! lr~ V i 5 I 5 . I S SI 1921 I [ 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 i•j > §i i S 0 11922 192 W3 .* > o Ul ;i! 1 A t/\ if* If y* Jn \ 1 i -2,400 I ~i 1 -•2,100- - 7 0 - / -1,800- - 6 0 - \ I 3 V [/ v 1=> h 1 \1 • j / / /1 •J / / f ( 1 * vfy 1/[ -900- • If -600- V / / 1 1 • -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 \ \ /\ \ 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 / P 4TV- AT ION 90 il \\ \\\ \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