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MONTHLY SUPPLEMENT TO COMMERCE REPORTS

UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY

BUREAU OF THE CENSUS

:

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

No. 20

:

BUREAU OF STANDARDS

APRIL

1923

CONTENTS
Summary for February
Business indicators (diagrams and table)
Wholesale price comparisons (diagrams and table)
Comparison of wholesale price index numbers (diagram)
Business conditions in February
Pig-iron production and unfilled steel orders (diagram)
Index numbers of production and marketing
Trend of business movements:
Textiles
Metals
Fuel and power.
Paper and printing
Rubber and automobiles
Glass and optical goods
Building and construction
Hides and leather
Chemicals, naval stores, and oils
Foodstuffs
;
Tobacco
Transportation

Page.
1
2
4
6
7
12
23
25
26
28
29
30
31
31
33
34
35
38
38

Trend of business movements—Continued.
Labor
Price index numbers
Distribution movement
Public finance
Banking and finance
Foreign exchange and trade
Trade and industry of foreign countries
Debits to individual accounts, by cities
Patents granted
by U. S. Patent Office
o
Composite price of 14 iron and steel products
Lumber production, by months, from 1917
Wholesale trade
Coal stocks
Cotton ginned..
Miscellaneous..
World crop summaries
Gasoline and kerosene consumption, by States
Sources of data

Page.

39
39
40
41
41
43
44
46
48
48
49
50
51
51
52
54
56
57

SUMMARY FOR FEBRUARY.
Productive activity was maintained in February
at the high levels reached during the previous month.
In many cases declines are shown, owing to the smaller
number of working days, but, when allowance is made
for this factor, the rate of production in most of the
important basic commodities was slightly larger than
in January. Daily rate of consumption of cotton,
wool, -and silk, and of production of such articles as
fine cotton goods, pig iron, copper, zinc, steel sheets,
paper boxes, lumber, and automobiles exceeded the
January rate, and in many cases made new high
records on a daily rate basis.
In most lines connected with railroad equipment and
building, such as locomotives, pig iron, fabricated
structural steel, building contracts, brick and flooring,
the actual February sales were still greater than
January orders, but sales of steel castings and sanitary
enamelware declined.
Retail sales kept up to January's mark, in spite of
the shorter month, while the transportation system
showed signs of overcrowding in the large car loadings
and increased shortage of freight cars. The wholesale
40994—23




1

price index advanced one point, and again the decline
in coal prices prevented a further rise. Food prices,
both at wholesale and retail, declined. Increased
prosperity is confirmed by the marked decline in
business failures and the continued rise in stock prices.
In the textile field, the increasing rate of cotton
consumption reduced total stocks of raw cotton at
the end of February to the lowest point reported at
this season of the year since 1914. Wool receipts,
with one exception, were higher in February than in
any month since April, 1921, and the daily rate of
consumption was the highest since 1920. Silk consumption, with one exception, was the largest since
1919.
Pig-iron production in February was at a slightly
higher rate per day than in January, while steel-ingot
production was slightly less. Unfilled orders of the
United States Steel Corporation increased to 7,283,989
tons, the highest since January, 1921. Unfilled orders
for locomotives made a new high record in February,
fabricated structural-steel sales were the highest since
last May but orders for steel castings declined.

BUSINESS INDICATORS.
(1913 monthly average—100. See explanation on inside front cover.)
PIG-IRON PRODUCTION.
1620

1921

COTTON CONSUMPTION.

BITUMINOUS COAL PRODUCTION.

1822

I82O

000
800
600

\

2W>

\

60

r

\J
V-'

600

600

400

400

A

A

I

r"

v

/

1
/
\\
//
IA/

*, flO

? 60

40

,

Iff

20

to

in

1921

BANK CLEARINGS OUTSIDE NEW YORK
CITY (VALUES).

EXPORTS (VALUES).

FREIGHTJTON-MILES.

1820

N/1

40

_

NET

1922

1
-

DEX NUMBERS

400

1921

1
I

800

1922

1.000

1

800

1

i

600
400

\
NUMBERS.

\

V

^ ^

—it—:

1

I .10

no
60
60

40

40

20

20

10

if)

i

1

DEFAULTED LIABILITIES (VALUES).




WHOLESALE PRICES.
1.000

400

8"°

I
<

5"
30

1921

1920

PRICE OF 25 INDUSTRIAL STOCKS.
1022

j

^

—

—,

BUSINESS INDICATORS.
The following table gives comparative index numbers for a selected list of important business movements. It is believed that this
cable 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
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.
1922

MONTHLY AVERAGE.

1923

COMMODITY.

1920

1921

1922

Jan.

Feb.

Mar.

Apr. I May. June.

July. Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb

71
100
98
2
56
225
109
127
109

79
108
95
65
103
219
103
131
101

103
130
101
112
113
231
111
141
113

111
131
101
112
114
230
120
134
146

121
126
103
111
117
242
109
124
183

126
147
110
114
126
249
127
125
188

117
132
100
102
106
234
118

101

113

117

116

114

117

123

251
138

253
184

252
191

252
193

176

*240
156

1913 monthly average-1OO.
Production:
Pig iron*
Steel ingots
Copper
Anthracite coal
Bituminous coal
Crude petroleum
Cotton (consumption)*4
Beef
Pork
Unfilled orders:
Steel Corporation
Stocks:
Crude petroleum
Cotton (mills and warehouses) *<.. Prices:
Wholesale index, all commodities
(Dept. Labor)
Retail food (Dept. Labor)
Retail coal, bitum.—U. S. average
(Dept. Labor)
Farm crops (Dept. Agriculture)1...
Farmlive 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
Distribution:
Imports (value)
Exports (value)
Sales, mail-order houses
Transportation:
Freight, net ton-miles
j

119
135
99
97
116
178
111
121
111

54
64
39
99
87
189
85
109
116

87
110
81
58
85
222
102
121
129

64
72
25
82
94
208
109
111
144

64
79
37
89
103
197

170

90

96

109
150

152
183

226
203

147
153

123

79
107
61
115
126
225
108
119
118

40
216
92
106
105

72

70

76

86

234
161

187
203

199
187

211
171

225
151

235
128

244
103

249
87

250

149
142

138
142

141
142

142 | 143 148
139 i 139 139

150
141

155
142

155
139

153
140

154
140

156
145

156
147

156
144

157
142

207
197 I 188
238 I 109 | 113
168 | 107 i 111

182
98
95

179
105
108

179
112
117

177
115
115

175
118
118

175
119
119

175
118
119

184
114
112

205
110
109

205
110
110

208
118
105

207
123
104

206
126
106

205
130
107

108 j 230 I 229 325

I

81
111
75
(•)

90
123
90
(«)
51
224
103
124
133

92
119
93
1
56
220
106
125
149

94
113
92
2
43
225
95
119
117

95

!
169
75

143
65

320
149
68

315
153
70

322
163
74

195
166
76

168
166
74

176
170
77

177
178

162
184

152
191

177
182
76

256
187
74

217
190
74

179
198
79

205
212
113

230
228

76

219
209
85

195
184
84

237
221
83

238
212
79

244
228
74

255
233
70

233
224
65

215
225
68

219
233
72

249
267
76

220
246
76

240
260
80

251
288
80

213
230
80

294
331
264

140
181
188

174
154
204

145
135
175

144
121
101

171
159
211

145
154
196

149
194

174
162
174

169 I 188 200
146 | 146 151
157
190
154

185
179
268

195
184
277

196
166
287

214
162
243

150
232

137

105

114

99

104

120

90

111

125

144

132

138

123
100

124
101

96
83

109
83

184

| 136

67

64

257
275
127

|

102 ! 106

99

1919 monthly average—1OO.
Production:
Lumber2
Building contracts (floor space)
Stocks:
Beef
Pork
Business finances:
Bond prices index (40 issues)
Banking:
Debits to individual accounts, out-

100
72

85
69

114
102

70
97

43
85

27
70

33
60

87

107

91
91
122

97
28
144

side New York City
j 114
Federal Reserve, bills discounted... 132
Federal Reserve, total reserves.
97

90
95
65 . 64

103
111

107
125

126
128

132
130

122
111

129
116

124

31
67

29
74

27
76

24
83

21
94

20
91

20

22

81

67

28
47

40
50

48
68

48
82

102

102

104

107

108

108

109

111

112

110

107

107

107

106

95
44
140

84
37
141

99
33
142

94
30
143

92
29
143

98
24
144

93
20
145

90

94
22
146

105
24
147

98
34
146

112
33
144

112
31
147

31
146

21
146

95

83

*Monthly statistics on the movements since January, 1913, or as far back as available, are given on pages 47-49 of the December Survey (No. 16).
1 Monthly prices are for the 15th of the month indicated.
2 Based on the total computed production reported by 5 associations. Includes southern pine. Douglas fir, western pine, North Carolina pine, and Michigan hard
and soft woods. 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
34,552,000,000 board feet reported by the census.
*Less than 1.
«Yearly figures are monthly averages for the crop year ending July 31 of year indicated.
»Does not include stocks of topped oil or crude oil held at refineries; this omission reduced the January stocks by about 15,000,000 barrels.




COMPARISON OF PRESENT WHOLESALE PRICES WITH PEAK AND PRE-WAR.
(Relative prices 1913=100.)
INDEX NUMBERS
300
400
WHEAT

FARM PRODUCTS PR ICE TO PRODUCER
'///////////////////A

CORN
POTATOES
COTTON
COTTON SEED
WOOL
CATTLE, BEEF
HOGS
LAMBS
WHEAT. SPRING
WHEAT. WINTER
CORN. NO. 2
OATS
BARLEY
RYE.

MO 2

TOBACCO.BURLEY
COTTON. M I D D L I N G
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 PACKERS
HIDES. CALFSKINS
LEATHER.SOLE
LEATHER. CHROME
BOOTS AND SHOES (BOSTON)
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE
PETROLEUM
PIG IRON. FOUNDRY
PIG IRON. BASIC
STEEL BILLETS. BESSEMER
COPPER
LEAD
TIN
ZINC
LUMBER. PINE. SOUTHERN
LUMBER. DOUGLAS FIR
BRICK. COMMON. NEW YORK
BRICK. COMMON. CHICAGO
CEMENT
STEEL BEAMS
RUBBER, CRUDE
SULPHURIC ACID




WEZZH PEAK PRICE
PRICE IN FEB. 923

WHOLESALE PRICE COMPARISONS.—MAXIMUM PRICE COMPARED TO PRICE IN RECENT MONTHS.
NOTE.—Prices to the producer on farm products are from U. S. Department of Agricul/ure, Bureau of Agricultural Economic*. All other prices are from U. 8.
Department of Labor, Bureau of Labor Statistics, except market price of wool compiled by U. S. Department of Commerce, Bureau of the Census. Aa far as possible
all quotations represent prices to the producer or at the mill. See diagram on opposite page.

COMMODITIES.

Date and maximum
relative price.

Dec,
1922.

Jan.,
1923.

Feb.,
1923.

Relative price.
(1913 average=100.)

Farm products—Average price to producer:
Wheat
Corn
Potatoes
Cotton
Cottonseed..
Wool
Cattle, beef...
Hogs
Lambs
~
F a r m products—Market price:
Wheat, IJo. 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, unwashed, fine (Ohio)
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 (Boston)
,
Women's dress goods, storm serge, all-wool, double warp, 50 inches (New York)
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (New York)
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)
Men's dress welt tan calf (St. Louis)
Fuels:
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, basic, valley furnace
Steel billets, Bessemer (Pittsburgh)
Copper ingots, electrolytic, early delivery (New York)
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western, early delivery (New York)
Building materials a n d miscellaneous:
Lumber, pine, southern, yellow flooring, l 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 rerl, 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 (Pittsburgn)
«
Rubber, Para Island, fine (New York)
Sulphuric acid, 66° (Few York)




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

Per cent
increase
(+) or decrease ( - )
In Feb.
from Jan.

1920
1920
1920
1920
1920
1918
1919
1919
1920

326
300
706
312
321
344
183
256

133
113
99
204
197
211
89
102
172

131
114
108
216
199
211
93
104
175

133
120
107
231
207
211
94
102
178

+1.5
+5.3
-0.9
+6.9
+4.0
0.0
+1.1
-1.9
+1.7

May, 1920
May, 1920
Sept., 1917
June, 1920
Mar., 1918
Mar., 1918
Mar., 1919
Apr., 1920
Mar., 1920
Mar., 1919
July, 1919
Apr., 1918
Feb., 1920

354
302
331
296
325
451
352
331
350
218
266
319

140
134
117
122
110
140
208
201
227
124
99
133
191

131
128
114
117
104
137
208
215
236
115
98
148
182

136
138
118
122
107
136
208
226
236
110
94
143
188

+3.S
,+7.8
+3.5
+4.3
+2.9
-0.7
0.0
+5.1
0.0
-4.3
-4.1
-3.4
+3.8

May, 1920
May, 1917
May, 1920
May, 1920
July, 1919
Sept., 1920
July, 1920
Sept., 1919

328

526
374
201
211
254

148
152
163
162
134
120
106
102

145
145
151
158
149
119
103
104

146
145
176
171
150
114
105
105

+0.7
0.0
+16.6
+8.2
+0.7
-4.2
+1.9
+1.0

May,
Apr.,
May,
Jan.,
Oct.,
July,
Jan.,
Aug.,
Aug.,
Mar.,
Nov.,
Mar.,
Aug.,

1920
1920
1920
1920
1918
1920
1920
1919
1919
1917
1919
1920
1919

348
478
427
289
292
291
466
283
490
211
473
308
292

186
223
196
212
169
221
226
111
85
124
167
204
153

192
227
197
219
169
221
225
109
86
124
167
210
153

198
232
206
225
176
227
241
108
88
124
167
210
153

+3.1
+2.2
+4.6
+2.7
+4.1
+2.7
+7.1
-0.9
+2.3
0.0
0.0
0.0
0.0

Sept., 1922
Oct., 1921
Aug., 1920
Mar., 1920

336
201
637
375

268
200
287
134

256
200
338
145

222
200
292
185

-13.3
0.0
-13.6
+27.6

July, 1917
Sept., 1920
July, 1917
Mar., 1917
June, 1917
May, 1918
June, 1915

346
330
388
233
261
224
386

171
169
142
90
166
84
127

180
175
145
93
178
88
125

183
179
154
98
185
94
130

+ 1.7
+2.3
+6.2
+5.4
+3.9
+6.8
+4.0

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

455
407
381
251
195
331
124
250

216
212
266
177
171
132
28
70

220
212
305
178
158
132
34
70

221
212
305
177
173
139
38
70

0.0
0.0
0.0
-0.6
+9.5
+5.3
+ 11.8
0.0




COMPARISON OF WHOLESALE AND RETAIL FOOD PRICE INDEX NUMBERS
WITH INDEX OF ALL COMMODITIES AT WHOLESALE.
(U. S. Department of Labor Index.)
1918

1917

1918

1919

1920

1921

19!

1923

BUSINESS CONDITIONS IN FEBRUARY.
The following pages contain a review by principal
industries of the more important statistics shown in
the table on the "Trend of Business Movements"
(page 25). Summaries of production, stocks, sales,
and price changes are given also.

15 per cent. Declines beyond seasonal normals also
occurred in the marketings of crops and animal products. The index numbers for both minerals and animal products were higher than in February, 1922, but
the crop marketing index was the lowest for February
in recent years, on account of the smaller marketings
of grain, especially corn, and of cotton and tobacco.

PRODUCTION.

The shortage of about 10 per cent in working days
in February, as compared with January, makes it difficult to obtain a clear idea of February production by
taking account only of the increases and decreases in
the individual commodities. For purposes of comparison in the text, we shall therefore consider 10 per
cent added to the February figures given in the table
to make them comparable with January.
With this allowance, February production as a whole
was at a slightly greater rate than the January output
of commodities. Mineral production was at a smaller
daily rate than in January, owing to the decline in
bituminous-coal production, the February production
standing at 106.5, as against 124.3, a decline of about

COMBINED PRODUCTION

INDEX

NUMBER. 1

(Relative m o n t h l y production 1919=100.)

Maxi-' Mini-!
m u m m u m | 1920 j 1921
since since i aver-1 aver- J,?? ! Jan., | FebJ Jan., ! Feb.,
end of end of age. age. * ™ ~ ! 1922. ! 1922. j 1923. j 1923.
age. j
;
i
!
1919. 1919.
;

Manufacturing ( t o t a l ) . . . .
Manufacturing (62 identical commodities)
R a w materials, total
Minerals
Animal products
Crops
Forestry
1
2

119.0
i
114.3
153.41
12S. 4!
119.6:
191.6
127.9

81.2

102.2;

83.8l

82.1*118.5!

74.4|l00.6[ 80.9 97. 8 85. 2 82. 3 2114. 3!
i
72.9 98. 5; 102. 8 105. Oi 98.2 93.2:
62.5 113.9, 93.3 99.0, 93. Oi 96.1; 124.31106.5
79. 7 95.4\ 97.5 106. 3' 96.4 87.8: 113.41 95.3
49.1} 93.9:112.1 112.6; 102.3 96.3 114.5; 73.4
i
fiO. G; 101.61 85.5
9: 85. 7

For details of individual commodities, see pages 23 a n d 24.
P a r t l y estimated; subject to revision.

COURSE OF PRODUCTION SINCE 1919.
RELATIVE PRODUCTION (1919=100).

RELATIVE PRODUCTION (1919=100).

Maxi- Mini-i

Maxi-I Mini-!
i mumj mum!
! since j since I
|

1921

1922

age.

age.

91
83
97
94
92
60
99
91
I
4 I
20 j 76 ! 71
120
99
64 !
85
41 j 86
111
110
41
38
90
93

94
92
107
79
130
51
71

mum| mum;

125
109
152
110
178
126
203
12]
201
169
468
135

CLOTHING:
Cotton (consumption).
Sole leather
Boots and shoes

i
!
I
i
|
!
!
!
|
j
i
I

64 !
67 ;

82
92
93
80 !
104 |
103 I

86
85
119
85
90
58
94
55
99
47
41
96

103

83
75
102
70
128
42
82
52
91
51
49
110

I
|
I
105
68 I
91 |
;
!
,
102

99

1

118 ! 57
95 ! 63
113 ; i 86

103
82

79 i

95 ; 102
78
90
98
91

91 i 118 109
79 ! 88
77
89 i 109

|
j
j
j

119
137
127
3
148
163
j 177
| 116
153
135
145

()
41
11
3 62
112
98
71
93
89
98

101 I 103
122 1 91
110 i 30
122
79
117
124
123
130
99
83
146
127
124
104
113
105

i 60
! 88
j
j 42
! 113
146
157
98
140
116
122

I
;;
i
ii
I.
|

i

85
99
31
91
137
135
89
135
105
117

105
35
86
129
121
86
120
98
107

119
131
93
148
163
189
109
156
123
146

106
109
93
134
154

119
121
94
105
100

54
57
37
47
95
113

88
65
99
65
24
77
81 : 62
98 ; 83 j
107 ;
121

127
132
105
121
110
98

117
119
96
111
100
102

Cigars4
128
Cigarettes4
i 144
Manufactured tobacco 4 .1 119
* June, 1922.
1
Since N o v e m b e r , 1921.
3 Less than 1 f

112
94

96

97
101
99

75 ;
84 ;
97 I

76 I 95 ;
71 i 121 104
92 105
92

j

Mechanical wood p u l p . . |
Chemical wood p u l p
j
Newsprint
'
Newspapers ( p r i n t e d ) . .
Book paper
Wrapping paper
P a p e r board
F i n e paper
Corregated p a p e r boxes 5
Solid fiber paper b o x e s 5
Silica brick
Clay firebrick
Face brick
Cement
Glass bottles

I
132
140
3 103
126
129
181

•

S T O N E , CLAY, AND SAND
PRODUCTS:

TOBACCO:




Yellow p i n e
Western p i n e
N o r t h Carolina p i n e
California white a n d
sugar pine
California redwood
Douglas fir
Michigan hardwoods
Michigan softwoods
|
Northern hardwoods...!
Hemlock
i
Oak flooring
M aple flooring
j
PAPER:

FUELS:

METALS:
Pig iron
Steel ingots.
Copper
Zinc
Silver.
G old (receipts)

1921
Jan.,! Feb., Jan., Feb..
aver- ^
1 (i 1922. | 1922.
1923. 1P2**
age.

j LUMBER:

FOODSTUFFS:
Wheat flour
Beef product
Pork products
Lamb and mutton
Sugar (meltings)
Oleomargarine
Cottonseed oil
Condensed milk
Butter
Cheese
Icecream...
Corn products

A n t h r a c i t e coal
B i t u m i n o u s coal
Beehive coke
B y - p r o d u c t coke
Crude p e t r o l e u m
Gasoline
Kerosene
G as a n d fuel
L u b r i c a t i n g oil.
Electric power..

since '• since j
end
end ;
of
of !
1919. 1919. :

Jan., Feb., Jan., Feb.,
1922.I 1922. 1923. j 1923.

131 '
172
168 !

69 | 94
20 121
33
98

272
8i
182
57 |
44 I
130
27 !
122
120
28 i
161 ; 21 I
33
120
42
273
47 I
139
j
55
143 '
138 | 64
116 i 69
135 i 93
126 | 64
134 i 77
135 ; 65
121 ! 53
30
142:
18
142 i
1
130 \
128 i
187 !
3
184 I
124 !

98
37
149
19
90
108
61
28
72
44
171

121
122
102
^9
82
105
91
106
103 |

78
109
79
60
59
88
57
123
83

114
135
117
62
68
81
78
226
114

109
117
110
105
121
120
119
113
104
104

87
79
89
104
79
94
85
71
65

102
90
102
90
105
92 I 85
110 j 105
120
™ I 91
107
107 |
120
95 i
111 !
93 I
96
105
84 !
117 : 75
109 ! 90 ! 100 I

106
120
117
125
104

105 I
120
127
122

BUILDING EQUIPMENT:

i

248
B a t h s , enamel
235
Lavatories, enamel
214
Sinks, enamel
Buildings (contracted
for)
| 130
T R A N S P O R T VEHICLES:
Automobiles, passenger 6 190
!
6 99
Motortrucks
135
Locomotives
79
Ships

!
I
i

149
112
110

!

72

3
Since Jan. 1, 1921.
4 A s represented b y tax-paid withdrawals.

104
115
105 j 31
153 ! 124

i 6 51 i 114
6 32 i 102
9 : 89
i
2 I 67

37 ! 79
63 I 92
144
142
122
77

i
I
j
i

i
i
|
j
1

35
103
93
71
41
96
69
191
110

47
59
73
64 i
83

209 I;

140
138
195
172 || 135
102 |j
141 |i
77 :!
48 I!

8 |j
;i

152
154
35

122
56
120

105
50
120

102
113
86
64
128
89
272
139

120
108

108
114
111
124
128
143
129
122
144
129

242
113

100
116

137
103

102
128
129
115

103
111
102
121

248
199
214

240
182
182

|
65 j

64

83

59 ;
36 i
33
15 !

79
50
20
11

162
73
103
4

s Relative to last 6 m o n t h s of 1919.
6 Since July 1, 1921.

49

184
81

8
UNFILLED ORDERS FOR SPECIFIED COMMODITIES.

Unit.

COMMODITY.

DECEMBER 1.

1919 monthly
average.
1920

Knit underwear
Merchant pig iron
Sheets blue, black, and galvanized
Steel (U.S. Steel Corn.)

i Dozen
j Long ton
\
I Short t o n . . . I
j T h o u s . of
long tons.
Number
'.
Number
] M ft. b. m . . . ;
M ft. b. m . . . \
Thousand...
i Thousand... :

Locomotive^...:
Steel barrels.
Oak
flooring
Maple
flooring
Clay fire brick
Face brick

1921

5,995

928

542

15,038
3S,2S9
93,746
27,525

25,345
4S,405
176,639
65,600

4,095
6,112
56, .565
13,520

COMPARISON OF P R E S E N T PRODUCTION W I T H PRE-WAR.

(Average monthly production 1913=100.)

Wh|£AT FLOUR
BEEF PRODUCTS
PORK PROOUCTS
LAMB ANO MUTTON

477,000
l,326.40S
2S3,068
6,934

4,774,117
776,855
9.502

The foregoing table presents a comparison, on specified dates, of unfilled orders in those basic industries
for which such data are available.

INDEX NUMBERS

1922

1920

1923

1921

1,940,400
911,065
145,673
4,141

2,567,700
1,516.489
547,897
7,284

127,800
1,833.417
443J 888
9,021

239

2,220
603,774
56,936
40,200
88,713
51,291

1,128

248.315
20; 907
11,818
30,357
21,040

1922

1,987,200
942,829 ,
212,239
4,251

2,286,900
739,355
321,487
6,840
1,619
385,881
35,209
20,5S0
71,096
28,947

31S
226,677
21,022
17,481
25,883
15,979 :

3*997"
7,266
130,867
16,793

Out of 44 commodities for which figures are now
available on February production on a 1919 base,
February production exceeded January or was not
more than 10 per cent less than January in 29 cases,
while for only 15 commodities was a decrease shown
of more than 10 per cent. Five of the declines were
in the lumber group.
Compared with February. 1922, production increased in 37 cases, was the same in 2 cases, and
decreased in only 5 cases—refined sugar, cornstarch,
sole leather, North Carolina pine, and ships.

OLEOMARGARINE

STOCKS.

The continued absorption of the high production of
commodities into consumption is reflected by the
failure to increase stocks on hand. Among the food
commodities, stocks increased in February in 4 cases
and declined in 11 cases, while the other commodities
show 7 advances and 11 declines in stocks. Compared
with a year ago, the food commodities show 9 increases
and 5 decreases, while among the other commodities
there were only three increases—crude petroleum, tin.
and silica brick—and 12 decreases.

ANTHRACITE COAL
BITUMINOUS COAL
BEEHIVE COKE
BY-PRODUCT COKE
CRUDE PETROLEUM
PIG IRON
STEE'L-INGOTS

COPPER
ZINC

STOCKS OF COMMODITIES COMPARED WITH PRE-WAR.

SILVER
GOLD

(Taken at end of each month.)

CIGARS

RELATIVE STOCKS (1913=100).

CIGARETTES

1920
average.
Wheat (visible)
Corn (visible)
Oats (visible)
Coffee
Cotton (total)
Crude petroleum
Pig iron (merchant) l .
Zinc
Tin
Oak flooring
Cement*
Tobacco1
Flaxsee*

OAK FLOORING
CEMENT
BATHS(ENAMEL)
LAVATORIES
(ENAMEL
SINKS (ENAMEL)

LOCOMOTIVE8




•

127
71
89
89
150
109
38
99
183
258
80
114
33

1921
average.
134
256
270
89
183
152
S4
196
127
375
91
131
74

1922
average.
177
315
268
60
161
234
48
SS
134
256
87
130
10

1922. 1922.
235
362
387
73
203
187
76
162
72
305
119
127
11

;

!
I
.

Jan.,
1923.

210
533
405 :
77 !
187
199 ;
72 i
158
76
321
126
9

Feb.,
1923.

274!
263 i
177 ]|
43
176 !
3S j
36 !
41 1
182 '
283 1
102 !
121 i.

JANUARY

• # DECEMBER

i Relative to 1914.

* Relative to sleeks at end of 1913.

'Oct. 1.

264
356
159
58
156
•240
37
27
111
281
121

9
STOCKS OF COMMODITIES SINCE 1919.
(Taken at end of each month.)
RELATIVE STOCKS (1919=100).

|Maxi-| Mini-I , q
I mum! mum! a e" r^ a v r
since; since a \g e e - ! a &4e '
1919. 1919. : " I
-

RELATIVE STOCKS (1919=100).

Maxi- Mini- 1920 1921 1922
m u m m u m , aver- aver- aver- Jan., Feb., Jan., Feb.,
since since! age. age. age. 1922. 1922. 1923 1923.
1919. I 1919.

Feb., Jan., Feb.,

1922. 1922. 1923. 1923.

FOODSTUFFS.

CONSTRUCTION
MATERIALS.

j

Beefproducts
Pork products
L a m b and mutton
Sugar(raw)
Cottonseed oil
Wheat (visible)
Wheat
flour
Corn (visible)
Oats (visible)
Butter
Cheese
Eggs
Poultry
Fish*
Coffee
Apples
Rice (domestic)

I
j
!
\

124
20 i 70 ;
129 I 38 ! 97 !
928 I 25 ! 183 i 324 i
437 I 44 i 110 ! 157 j
200 ! 8 110 ! 107 |
191 i 28
89 j 93 ;
149
54
95 i 76
1,482 i 108 j 174 ! 622 !
316 j 16 j 69 i 211 i
174 !
6 , 89 ! 81
156 i 28
99 S 79
240 | 0 ) i 82 ' 101
183 j 30 I 70 ; 72
110 I 27 I 73 i 72
177 j 72 i 146 j 145
391 i
181 I 166
360 j 50 i 159; 159

CLOTHING MATERIALS.

j

'91

111

102

124

114 i 108

i 101 j 104
98
i 61
! 85 i 126
• 75 ! 89
s 81 i 85

145
134
134
151
143

223
168
100
172
143

178
149
109
171
152

190
171
110
172
157

227
212
92
164
149

229

60
146
31
! 247 i 48
108
528 122 > 332

f32
213
232

67
97
244

121
114 ! 57
175 I 171 | 44
131
139 I 330

58
29
202

Cotton (total)
FUELS.
Crude petroleum
Gasoline
Kerosene
Gas and fuel oil
Lubricating oil

136
241
189
153
178
162

Pig iron (merchant)
Zinc
Tin

43
31
48
27
33
67
82
70
60
92
34
71
41
47
68
172
84
437
90
130
72
96
59 | 101
87
191
123 j 164
146
184
78
77
80
77
769 ! 882 1,300 , 643 *8G8
124
316 ! 138
210
302 j '316
24
13
79
53 i 34
54
69
80
55
39
5
125
82
155
183; 170
133
57
78
61
65 !
119
125
98
70 I **94
179
249
172
310 ! 223
204
185
154
281 I 251

51

Yellow pine
Michigan hardwoods
Michigan softwoods
Oak flooring
Maple flooring
Silica brick
i Face brick
Cement»
| Baths (enamel)
Lavatories (enamel)
Sinks (enamel)
1
Rosin*
i Turpentine «

1

I
i

,
,
,

Mechanical wood p u l p . .
Chemical wood pulp
Newsprint (at mills)
Book paper
Wrapping paper
Paper board
Fine paper

127
143 | 102
65
108 i
72
80 105
152 i
277 ! 59
161
55 103
222
115 ! 81 | 103
216 I 123 | 157
276
79 170
301 ! 29
50
21
95;
31
34
122
53
183 ! 41
104
13 ! 109
215 i

129
98
141
234
199
100
182
193
179
78
89
164
149

126
74
98
159
180
92
178
185
98
55
73

78

108
99
125
115
101
117
101

89
98
95
121
112
114
99 i

143
138
175
131
130
132
112

i 63
• 97
! 75

I 48
!

79

1

79

119

88
112
190
216
87
13
253
127
73
103
171
172

128
76
103
200
222
86
211
269
135
73
103
156
107

122
63
88
176
162
111
191
218
96
43
47
176
125

81
95
111
122
100
115

82
99
116
124
108
118
97

43
94
96 '"97
123
88
106
105

116 S 1 1 3
167 179 ""i49*

108
46 "*26

125

96

**"9*i
175
165
109
208
259
95
40
48
147
94

OTHER AGRICULTURAL !
PRODUCTS.
|

Tobacco (total)
Flaxseed

132
1,578

! 102 117
550 1,242

1

2 On 15th of month.

1 Index numberless than 1.

i
i
i
!
!

95

j
|
I
I
j

3 Relative to stocks at end of 1919.

' Relative to season beginning Apr. 1,1919.

* Oct. 1.

STOCKS OF SPECIFIED COMMODITIES HELD AT END OF MONTH.
1920

1921

Jan.
Beef products
Pork products
Lamb and mutton
Sugar (raw)
Cottonseed oil
Wheat (visible)
Wheat flour
Corn (visible)
Oats (visible)
Butter
Cheese
Eggs
Poultry
Fish*
Coffee
Apples
Rice (domestic)

FOODSTUFFS.

. ..thous. of lbs., j
...thous. of lbs..
...thous. of lbs.. 1
.long tons.
...thous. of lbs.
..thous. of bus.
. .thous. of bbls.
..thous. of bus.
. .thous. of bus.
...thous. of lbs.
...thous. of lbs.
.thous. of cases.
...thous. of lbs.
thous. of lbs.
.thous. of bags.
..thous. of bbls.
...thous. of lbs.

288,752
874,412
7,787
42,164
192,755
95,047
13,547

CLOTHING MATERIALS.

Cotton (total)

thous. of bales..
FUELS.

Crude petroleum
Gasoline
Kerosene
Gas and fuel oil
Lubricating oil
Pig iron (merchant)
Zinc
Tin

METALS.

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

260,146

4,531
32,377
38,359
43,631
342
92,253
61,499
1,571
5,524
159,265

1,015,325
5,781
89,874
181,330
85,406
14,030
6,118
11,550
22,568
34,039
29
78,421
47,963
1,331
3,162
172,131

5,711

5,400

Jan.

142,891
734,659 1
78,082
105,275
167,472 j
74,036
6,400
15,977
33,632 !
41 486
25,000
43
81,096 1
48,320 '
1,619
4,718
243,078

Feb.

Jan.

Feb.

Jan.

Feb.

146,409
957,230
59,304
114,476
169,156
66,928
5,820
24,745
34,142
27,103
17,477
43
79,001
42,116
1,647
3,650
193,584

78,295
546,100
3,914
85,602
97,567
120,804
7,300
30,383
67,423
35,047
21,430

179

13

103,350
48,320
1,616
4,313
150,552

88,709
37,621
1,387
3,090
165,329

5,376
228,379

3,870
203,914

6,830

6,291

5,810

5,469

4,826

73,782
608,747
2,863
163,817
68,996
107,791
7,500
44,767
70,470
22,557
14,953

114,113
745,190
5,980
80,617
92,129
140,760
7,400
22,133
30,861
16,122
26,593

213

121,632
40,032

976

102,811
837,636
5,758
124,164
83,667
135,697
29,877
27,683
8,913
20,709

14

113,475
26,519

819

125,589
571,984
418,748 i
921,028
183,813

132,222
680,540
430,045
993,127
201,628

196,228
705,711
327,484
1,319,481
245,231

208,851
807,379
331,423
1,321,589
253,568

2
249,794
1,002,857
275,437
1,265,074
240,690

»252,275

141,690 I

111,981
562,996
330,121
590,322
132,759

i
275,695 I
80,622
3,723

288,077
74,186
3,743

665,376 i
151,906
2,546

653,854
156,040
3,546

580,263
131,356
1,331

546,403
128,248
1,406

275,094
33,148
'3,354

278,531
21,728
2,054

957,715

962,871

8,492
8,440
47,239
95,056

8,979
9,450
45,546
122,950

1,172,652
148,631
59,475
27,467
33,329
36,344
154,285
13,316
53,422
102,190
129,586
327,932
53,423

1,200,704
129,070
54,605
28,856
34,248
35,743
151,769
14,142
56,759
101,566
129,505
299,305
33,204

125,298
50,815
26,550
38,463
54,506
62,731
35,331

125,725
52,984
27,815
39,334
59,251
63,908
35,804

112,874 I
515,934 i
327,549 j
652,081

thous. of bbls..
thous. of gals..
thous. of gals..
thous. of gals..
thous. of gals..

Feb.

1923

1922

COMMODITY.

CONSTRUCTION MATERIALS.

Yellow pine
Michigan hardwoods.
Michigan softwoods
Oak
flooring
Maple
flooring
Silica brick
Face brick
Cement
Baths (enamel)
Lavatories (enamel)
Sinks (enamel)
Rosin
Turpentine

M ft. b. m . .
M ft. b. m . .
M ft. b. m . .
M ft. b. m . .
M ft. b. m . .
thousands..
thousands..
thous. of bbls..
number..
.number..
number.. I
barrels.. 1
barrels..

"i3,784
39,783
92,795
165,927
24,910

*'i5,'43i*
53,798
67,454
140,559
17,900

1,302,849
145,861
74,772
39,949
30,886
37,035
154,092
10,300
90,303
69,052
80,752
310,905
51,563

1,284,291 !
159,161 I
76,563 I
39,843 '
30,620
40,771
154,156
11,400
118,205
82,501
97,924
316,440
41,755

1,146,677
107,124
46,418
25,447
25,023 i
46,174 i
64,877
11,470
40,530
60,535
59,580 !
338,957 '
38,758

1,118,834
106,114
48,436
25,301
25,539
45,492
70,751
13,592
40,124
56,543
59,806
282,610
29,238

PAPER.

Mechanical wood pulp
Chemical wood pulp
Newsprint (at mills)
Book paper
Wrapping paper
Paper board
Fine paper
»At 15th of each month.

40994—23—-2



short
short
short
short
short
short
short

117,033
37,484
16,934 I
23,546 j
25,653

tons..
tons..
tons..
tons..
tons..
tons..
tons..

43,228 I
28,791 j
a

107,552
37,800
27,955
28,434
31,453
44,667
32,260

146,964
53,853
32,417
28,880
45,241
58,479
34,748

155,997
60,609
39,176
33,587
51,276
60,723
37,397

66,097
50,641
23,004
38,882
48,123
57,434
38,822

Excluding topped oil and oil held at refineries, which reduces the figures about 15,000,000 barrels.

58,032
50,840
23,200
38,043
48,421
62,901
39,772

10
SALES.

Sales by manufacturers kept up well in February,
considering the short month. On 12 individual
commodities, sales increased in 4 cases and declined
in 8 cases. Retail sales declined only slightly, as
indicated by mail-order house sales, while chain stores
business increased slightly. Postal receipts and
magazine and newspaper advertising also declined;
while among the savings securities stocks and life
insurance increased, while bonds declined.
COMPARISON OF SALES IN DIFFERENT LINES OF BUSINESS.
RELATIVE SALES (1919=100).

Maxi-| Minimum! mum
since since
end end

1

i of
1919. j 1919.
of

a

1921 1922 ! J a n . t i F e b . , j Jan.,! F e b .
Q
™ r - *1T I 1922. ! 1922. ! 1923. 11923
& e - ! a & e - age.

INDIVIDUAL
COMMODITIES.

111
26
127
148
114

118 162
54
61
85
670 390
550 ' 725
750
159 167
84
91
134
191 186
70
129
S4
232 212
156 !; 109 93
223 190
31
139 l 96
298
125 i 124 52
256
201 I 115 136
57 ! 173 1 113
84 I 50
97 I 169 i 149
120 100
70 ; 126 I 131
95 jl 61
44
73
60 ;! 43
132 !
84
105 lj 81
45
125 I 86
81 ii 51
136 I
1 2 1 ; 101 109
120 106
133 i
119
57
112 !
91

62
50
82

95 !
77
141

90

102
118

159 j 95
169 114
125 i 98

113
123
120

124
163
111

114
155

34
97
92
333
69
104
59
53
73
77
65
73
34
54 I 1 1 9
56
63
74
120 ! 45
42

351
Pig iron (merchant)
1,575
Freight cars
28
188
Structural steel
12
215
Baths, enamel
27
262
Lavatories, enamel
25
222
Sinks, enamel
7
205
Sanitary pottery
260 | 23
Oak flooring
135!
17
Maple flooring
158 | 21
Redwood lumber
174 , 33
Clay fire brick
129 1 35
Leather belting
Abrasive paper and
148 , 40
cloth
129 I
5
Fine cotton goods
147 | 71
Paper
168 \ 106
Printing^
143
47
Optical goods l
DISTRIBUTION
MOVEMENT.

Wholesalers*
Mail-order houses »
Chain stores i

107;
136 j
280

increase in producers7 goods, and no change in consumers' goods. Considerable increases occurred in
the prices of both imported and exported goods,
increasing the index for foreign price comparison from
165 to 166. Dun's and Bradstreet's index numbers
both increased further than the official index numbers.
The retail price of food declined in February, but
the cost of living as compiled by the National Industrial Conference Board remained the same, as an increase in clothing neutralized the decline in food prices.
Prices in foreign countries rose slightly in February,
usually 3 per cent or less, but in France the price index
rose 9 per cent above the January level.
Taking up the individual prices in the chart and
table on pages 4 and 5, the only decreases in 9 commodities sold by farmers occurred in potatoes and
hogs. In the market prices of farm products, grains
and cotton advanced while live stock declined.
Among the manufactured food products there was
little change except the marked rise in sugar. All
the clothing quotations rose except hides and leather
products, which showed little change. Among the
fuels, bituminous coal and coke declined, anthracite
remained the same, and petroleum advanced. Metals
all rose in price again. Building materials were
divided into two groups—stationary prices in lumber
and brick, and advances in cement and steel beams.
The greatest relative advances over January were
made in petroleum, rubber, sugar, and cement, while
bituminous coal and coke showed the greatest declines.

90 ji 104
61 ii 92 88
101 I 116 I 118

SERVICES.

Postal receipts »
Telephone receipts i
Telegraph tolls i
Railroad revenues:
Passengers i
Freight i
Advertising:
Magazine
Newspaper

113
147
106

91
109 | 98
135 !
122 i 110 113
162 j
83
5 8 ; 122
144
129 ! 85 ' 114 103 108

111 , 136 I 126
150 ! 174 '
91 I
i
93
124 ,
73 ; 74 ! 92
90
108 i 100

99
59
102

SECURITIES.

Stocks
Bonds
Municipal bonds (new)i
Life insurance »

110 I

178 I

489 :
152

72
105
100
120

83
59
55
94 111 136
184 I 163 120
91
102 ! 114

62 ' 78 87
100
94 81
139
152
113
103 ! 112
116

TEXTILES.

Consumption of wool in grease equivalent amounted
to 57,916,000 pounds in February, a decline of 8.6
per cent from January, but taking into account the
shorter month, the daily rate of consumption was
higher and made a new high record since these comparable statistics became available at the beginning
of 1921. Machinery activity continued at high
levels.
EXPORTS AND CONSUMPTION OP COTTON.
1.000

1

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

PRICES.

Further advances in the prices received by farmers
for crops and live stock made the former the highest
index number since December, 1920, at 30 per cent
above the pre-war average, but the live stock index
was only 7 per cent above the pre-war average.
The wholesale price index of the Department of
Labor rose from 156 to 157 in February, due to the
large increases in metals, building materials, and clothing, while fuels again underwent a considerable decline.
The regrouping of this index by the Federal Reserve
Board shows a slight decline in raw materials, an




1922

I 1923

11
Wool receipts at Boston increased slightly to the
highest point since April, 1921, except for July, 1922.
Receipts of foreign wool were the highest since April,
1921. Prices of woolens advanced to new high levels
for the present movement, but the rise in raw wool
prices was checked.
COTTON GINNED, 1913-1922.

and August, 1922. Prices of cotton and cotton goods
made substantial advances during February, with all
prices exceeding any previous quotations since the
middle of 1920. Total ginnings of the 1922 crop
amounted to 9,729,048 bales.
Silk consumption in February was the highest, except for last October, since 1919. Stocks of raw silk
declined and the price advanced.

MILLIONS OF BALES

IRON AND STEEL.
1021
1010
1018
1017
1016
1015

1013
1012

STOCKS OF COTTON: NUMBER OF DAYS' SUPPLY AT DAILY RATE
OF CONSUMPTION.
400

350

/

300 V

/

Although pig-iron production fell just below
3,000,000 tons in February, the daily average was
higher than in January, while the daily rate for steelingot production was very close to the January rate.
Unfilled orders of the United States Steel Corporation
increased to 7,283,989 tons, the highest since January,
1921. Merchant pig-iron production was at about
the same rate as in January, but sales increased and
unfilled orders were the highest since 1920. Stocks
of merchant pig-iron production were about the same
as at the end of January. Prices of iron and steel
rose. Except last October, exports for January were
the lowest since September, 1921.
Locomotive shipments declined slightly in February, but unfilled orders increased to a new high record
at 2,220, equal to 10 months7 output at the January
rate of shipment. Freight-car orders declined.

Q.
Q.

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS.

CO

250

\

$

\
\

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>

« 2.250 Q450

o

u.
o
QC
UJ

200

m
\

150
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u.

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400

CD
3

z
c

z

Ui

| 1.750

350

3
Z

I/I
1 500

3QQ

100
1 250

25Q

60

Although consumption of cotton by textile mills in
February was about 45,000 bales smaller than the
January consumption, the daily rate of consumption
was even higher than that record month. Stocks of
cotton held by mills were above 2,000,000 bales for the
first time since 1917, but warehouse stocks continued
to decline, and total stocks of 4,826,000 bales at the
end of February were the lowest reported for this
season of the year since 1914. More spindles were
active in February than in January. Exports of raw
cotton declined to 359,657 bales in February. Fabric
consumption by tire manufacturers in January has
only twice been exceeded since 1920—in August, 1921,




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200

750

150

500

100

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1920

1921

1922"

I 1923

PIG-IRON PRODUCTION AND UNFILLED ORDERS AT THE END OF EACH MONTH: 1913-1923.
(UNITED STATES STEEL CORP.)
1913

1914

1915

1916

1917

1919

1918

1920

I9242

1921

r92.

1 IV

A

120

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13
Bookings of commercial-steel castings reported to

the Bureau of the Census by two-thirds of the shop
capacity devoted to this purpose amounted to 90,152
net tons or 93 per cent of capacity, a decline of 12 per
cent from January. Railway-specialities bookings declined more than miscellaneous bookings.
Sales of fabricated structural steel again made a
new high record since last May at 80 per cent of shop
capacity. The following figures compiled by the
Bureau of the Census show the total tonnage booked
since last April by 164 firms with a monthly capacity
of 223,355 tons, and the estimated total sales for the
United States based on a capacity of 250,000 tons per
month at the rate of sales to capacity of the reporting
firms:
BOOKINGS OP FABRICATED STRUCTURAL STEEL.

YEAR AND MONTH.

April.
May..
June..
July.
August
September.
October...
November.
December..
January..
February.
1
J

1922

1923

Actual
tonnage
booked.

Per cent
of
capacity.

Estimated
total
bookings.

197,796
181,503
162,876
153,903
152,253
143,566
128,315
108,593
130,082

89
81
73
69
68
64
58
49
58

222,500
202,500
182,500
172,500
170,000
160,000
145,000
122,500
145,000

U68,336
«176,787

76
80

190,000
200,000

Reported by 161 firms with a capacity of 222,605 tons.
Reported by 151 firms with a capacity of 219,955 tons.

The production of steel sheets in independent mills
declined, but the daily rate of production was higher
than in January. Shipments of sheets were less than
production but sales were greater. Unfilled orders
for sheets were the highest since October, 1920.
Unsold stocks declined.
Shipments of steel barrels declined slightly, but
production rose to 41 per cent of capacity, a level
unequaled, except last August, since these statistics
became available at the beginning of 1921. Unfilled
orders for steel barrels made a new high record at
603,774 barrels.1
A decline occurred in the tonnage of vessels under
construction in February, but the tonnage completed
was higher than in January. The value of steelfurniture shipments declined slightly in February.

able in January, 1921. Copper exports for January
were the largest since March, 1922. The price of copper continued to advance in February, making a new
record since October, 1920. Orders and shipments
for brass stopcocks declined in February, with orders
again exceeding shipments by a good margin.
Zinc production at 84,886,000 pounds declined
slightly from January, but the daily rate of production was the highest since March, 1920. Stocks of
zinc declined to 21,728,000 pounds, by far the lowest
recorded in recent years. The price of zinc advanced
slightly to a new high record since September, 1920.
Production of lead was at about the same rate as in
January, but receipts and shipments at St. Louis
made a considerable decline. The price of lead rose
to the highest point since August, 1920.
Stocks of tin continued to decline, and the price advanced to the highest point since September, 1920.
FUELS.

Bituminous-coal production in February amounted
to 42,160,000 tons as against 50,123,000 tons in January. Anthracite production also declined, but the
output of 7,773,000 tons was at about the same high
daily rate as in January. Beehive-coke output increased slightly, making a new high record since the
end of 1920, while by-product coke production was at
about the same daily rate as in January. Exports of
coal and coke in January were considerably smaller
than in December. Prices of bituminous coal and of
coke made marked declines but anthracite prices rose
slightly.
PRODUCTION OF BITUMINOUS AND ANTHRACITE COAL.

NONFERROUS METALS.

Copper production at 102,515,000 pounds declined
slightly, but the daily rate of production made a new
high record since these monthly figures became avail1
The Steel Barrel Manufacturers' Association has entered into cooperative
arrangements with the Department of Commerce for the wider distribution of the
statistics compiled and issued by that association. The statistics are issued daily
and monthly and cover the sales, production, shipments, and unfilled orders of steel
barrels and drums specified by kind and size; shipments are distributed by states.
Persons desiring to obtain this service may either apply direct to the secretary of the
association, 1428 Bulkley Building, Cleveland, Ohio, from whom a statement of
the subscription charges for the various reports may be obtained; or, if they
prefer, may send their names to the Survey of Current Business for forwarding to
the association.




Production of crude petroleum in February reached
a new high record in daily production, though the
total was about 6 per cent less than in January.
Stocks increased again, while consumption and imports declined. The price of crude oil advanced, but
the number of oil wells completed was less than in any
month since November, 1921.

14
PRODUCTION OP BEEHIVE AND BY-PRODUCT COKE.
36

I

v

O25
CO

O

V
\

w20
O
Ju.15
O
(0
Q

\

glO

Q
Z
3
I

5

7

1

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/

the largest in two years except for March, 1922.
Paper purchases by commercial printers' declined
from December.
AUTOMOBILES.

In spite of the shorter month, automobile output
for February was 13 per cent larger than for January,
passenger-car production amounting to 254,415 cars
and trucks to 21,354 cars. Internal revenue taxes
collected on all automobile sales declined, but taxes
on accessories were larger than in January.
BUTTONS.

Reports furnished to the Department of Commerce
by the National Association of Button Manufacturers
show the following weekly comparisons regarding
stocks of finished fresh-water pearl buttons and machinery activity by 17 companies representing 95.2
per cent of the machine capacity of the Association
members.1

1922

1921

PAPER AND PRINTING.

Production and shipments of newsprint paper declined in February, but the daily rate was slightly
higher than in January. Consumption by publishers
declined and stocks increased slightly, owing to the
larger transit stocks, though publishers7 holdings
declined. Prices of newsprint did not change materially.
PRODUCTION AND STOCKS OF NEWSPRINT PAPER.
320
280

y \

240

si

r

y

r

STOCKS ON
HAND (GROSS).

PER CENT OF
MACHINE ACTIVITY.

WEEK ENDING—
1923
December 30,19221
January—
6
13
20..
27
February—
10.. .
17
24.. .
March—
3
10

1923

1922

13,631,726

8

13,411,411
13,437 707
13,445,918
13,470,931

2 43.6
2 52.1
2 52.1
2 53.2

2 33.8
2 45.1
2 51.4
2 51.4

13,307,907
13,293,408
13,331,972
13,364,192

54.2
54.2
54.5
52.1

2 51.1
2 51.1
2 49.5
2 49.8

53.1
2 5i. o

2 49.0
2
48.7

13,198,808
13,139,440 i

1
Subject to revision upon receipt of complete inventory figures.
2 Based on reports from 16 firms.

BUILDING CONSTRUCTION.

1922 11923

Building material costs rose in February to almost
exactly double the pre-war level for all classes of
construction, the largest rise during the month occurring in concrete factory costs, with an increase of
2.6 per cent.
Building contracts awarded in February in the 27
northeastern states amounted to $229,938,000 and a
volume of 41,611,000 square feet, showing an increase
over January in both volume and value in place of the
expected seasonal decline. Increases occurred in all
classes of buildings except residential and public
buildings. Fire losses increased to $42,771,000 for
February.

Production of both corrugated and solid fiber paper
boxes was slightly smaller than in January, but the
daily rate of consumption was higher. Output of
folding boxes declined, but new orders increased to the
highest level since last August. Orders for labels
declined.
Printing activity in January was the highest since
December, 1920, while the value of printing sales was

1
The National Association of Button Manufacturers has entered into cooperative
arrangements with the Department of Commerce for the wider distribution of the
statistics compiled and issued by that association. The statistics cover the quantity
and price of orders received, quantity of button stocks on hand, and machinery
activity weekly for fresh-water pearl buttons specified by kind and grade. Persons
desiring to obtain this service may either apply direct to the secretary of the association, 1182 Broadway, New York City, or, if they prefer, may send their names
to the Survey of Current Business for forwarding to the association. A limited
number of free copies is available for distribution by the association. If the demands
for these becomes greater than the supply, a charge will be made by the association
sufficient to cover merely the cost of distribution. A summary of the statistics
issued by this association will be given in later issues of the Survey.

200

A/

160

I

120 V

\/

80

r-'

cTtor

40

I

1920




I

1921

I

15
VOLUME OF BUILDING CONTRACTS AWARDED, BY CLASSES.

1919

1921

1920

BUILDING MATERIALS.

Production of lumber was about 95,000,000 feet
less than in January, but the daily rate of production
was higher. Compared with February, 1922, there
was an increase of about 100,000,000 feet, with good
increases reported for all species except North Carolina
pine, which declined, and Douglas fir, which was
practically the same as a year ago. Shipments of
lumber greatly exceeded production except in the
lake region, while orders received for California redwood, the only species reporting orders, were larger
than both shipments and production. Stocks declined and prices advanced slightly.
Declines occurred in the output of both oak and
maple flooring. Shipments exceeded production and
orders in turn exceeded shipments for both classes.
Orders, both new and unfilled, for oak flooring made a
new high record, while unfilled orders for maple
flooring were the highest since April, 1920. There
was little change in stocks.
Production and shipments of both clay-fire and
face brick declined considerably in February, but for
silica brick slight increases occurred. Stocks of clayfire and silica brick declined, but face brick stocks
increased. Unfilled orders increased and prices were
stable.
Cement production and shipments increased and
were almost twice as high as a year ago. Stocks
made a seasonal increase and were slightly higher than
last year. The price of Portland cement advanced.
Concrete paving awards were almost twice as large
as a year ago.




1922

1923

PRODUCTION AND STOCKS OF CEMENT.

\
\ , // A^
\ I*/ \ vy/
A
\/
J
<**

i/

/

i
(921

I

1923

Declines occurred in new orders, shipments, and
stocks of all classes of sanitary enamel ware except
stocks of sinks, which rose very slightly.
Reports from the Tubular Plumbing Goods Association * show a considerable decline in sales in February from the January total. These reports, representing about 75 per cent of this industry, are given
in the table at top of next page.
1
The Tubular Plumbing Goods Association has completed cooperative arrangements with the Department of Commerce for the wider distribution of the statistics
compiled and issued by that association. These statistics are issued semi weekly
and cover manufacturers' sales, in 3-day intervals, of the classes of goods listed in
the accompanying table. The figures are given in much greater detail in the regular
reports specifying the quantity subdivided by sizes, which have been sold in particular States, cities, or Territories.
Persons desiring to obtain this service may do so by applying either to the secretary of the association at 25 Broad Street, New York City, or, if they prefer, may
send their names to the Survey of Current Business for forwarding to the association. If there is a large demand for these sheets, a charge will probably be made
by the association to cover the cost of printing and mailing.

16
CEREALS.

TUBULAR PLUMBING SALES.

February.

January.
Number. | Value.
Casttraps
Wrought traps..
Miscellaneous traps
Basin supply pipes (pairs)
Bath supply pipes (pairs)
Tank supply pipes
Connected wastes and overflows.
WpAiintif tronc

Total

!

Ifil

f\A

14,147
101,045
69,553
44,594
26,446
82,900
63,953
K

1A7

/10ft

: 311,738

Number.

Value

I
!
j
!

7,566
63,923
39,978
30,712
16,449
51,821
i 44,144

$11,296
69,089
40,825
25,451
14,427
15,857
61,945

378,403 : 254,593

238,690

$20,275
107,426
77,751
36,682
23,659
23,691
88,918

CHEMICALS AND OILS.

Production of acetate of lime and wood alcohol
declined slightly in January from the December high
mark, but consumption of wood increased slightly,
and stocks of wood at chemical plants declined to
833,767 cords, the lowest since November, 1921.
Stocks of cottonseed and production and stocks of
cottonseed oil made seasonal declines, but were higher
than a year ago. The price of cottonseed oil increased
slightly in February. Consumption of oleomargarine declined, but was 60 per cent higher than a year
ago.
Heavy seasonal declines occurred in receipts, shipments, and stocks of flaxseed and of linseed oil and
oil cake in the Northwest. Stocks of flaxseed were
the lowest since 1919, totaling only 96,000 bushels at
Minneapolis and Duluth.
A seasonal decline took place in receipts of turpentine and rosin at southern ports, but receipts were
higher than a year ago. Stocks of both turpentine
and rosin were less than a year ago.
Statistics compiled by the Bureau of the Census
show an increase in production of paste paints in 1922
over 1921 of almost 14 per cent, while ready-mixed
paints increased 44 per cent and varnishes 55 per
cent. Production during the second half of 1922 was
larger than during the first half of the year. The
following table presents the results of the semiannual
survey from 426 manufacturing establishments:
PAINT AND VARNISH

PRODUCTION.

(In thousands.)

1922
First
half.
White lead in oU
Zinc oxide in oil
Other paste paints

Second
half.

1921

1920

Total.

lbs.. 139,376
lbs..
4,487
lbs.. j 64,729

153,212 II 292,589
5,458 j 9,944
69,033 133,762

274,227

Total paste paints
lbs..! 208,592
Beady-mixed and semipaste, including wall paints, "mill
whites," and enamels
gals.. 32,631
Varnishes, Japans, lacquers.. gals.. 26,832

227,703 ! 436,295

383,762

345,707

45,756
36,056

56,682
52,680




33,440
28,877

66,071
55,709

209,927

6,134
8,539
103,401 J 127,241

Receipts and shipments of wheat in February were
slightly less than a year ago but the visible supply
was 28,000,000 bushels higher at the end of the
month. The amount of wheat remaining on farms
on March 1 is estimated by the Department of Agriculture at 153,134,000 bushels or 17.9 per cent of the
1922 crop, as against 134,253,000 bushels held a year
ago, or 16.5 per cent of the 1921 crop. The average
stocks on March 1 over a 10-year period amounted to
19.2 per cent of the previous year's crop.
Both production and consumption of wheat flour
in January exceeded the corresponding month last
year, while stocks of flour were slightly less than a
year ago. Prices of both wheat and flour rose during
February.
Receipts and shipments of corn in February were
only about half as large as in February, 1922, and the
visible supply was one-third less. Grindings of corn
for starch and glucose were also considerably less than
a year ago. The price of corn rose. The amount of
corn held on farms on March 1 is estimated by the
Department of Agriculture at 1,087,412,000 bushels
or 37.6 per cent of the 1922 crop, as against 1,305,559,000 bushels held a year ago, or 42.5 per cent of the 1921
crop. The 10-year average is 36.6 per cent of the
preceding year's crop. Merchantable corn comprised
83.3 per cent of the 1922 crop as against 87.5 per cent
of the 1921 crop and a 10-year average of 80.1 per
cent.
Oats receipts were slightly less in February than a
year ago, but the visible supply was about 43,000,000
bushels less. The amount of oats on farms on March 1
is estimated by the Department of Agriculture at
421,510,000 bushels, or 34.7 per cent of the 1922 crop,
as against 411,934,000 bushels held a year ago, or
38.2 per cent of the 1921 crop. The 10-year average
is 36.3 per cent of the preceding year's crop.
The amount of barley on farms on March 1 is estimated at 43,592,000 bushels, or 23.4 per cent of the
1922 crop, as against 42,294,000 bushels, or 27.3 per
cent of the 1921 crop held a year ago, and 22.9 per
cent as the 10-year average.
Car loadings of grain and grain products amounted
to 41,209 cars in February, a decline of almost 20 per
cent from February, 1922. Total grain exports in
January were 24,520,000 bushels, the smallest since
April, 1920.
OTHER CROPS.
Car-lot shipments of onions, potatoes, and apples in
February were larger than a year ago, and coldstorage holdings of apples exceeded the February,
1922, holdings. Stocks of white potatoes in the
hands of growers and dealers on March 1 were

17
171,555,000 bushels, according to the Department of
Agriculture. Comparative figures for a year ago are
available for the 21 Northern States, which usually
produce four-fifths of the crop, and show 152,117,000
bushels held this year, or 42 per cent of the 1922 crop
in those states, and 102,764,000 bushels on March 1,
1922, or 35 per cent of the comparable 1921 crop.
Receipts of rough rice at mills, shipments of milled
rice from the mills, and stocks of rice all made a
marked decline in February, as against an increase a
year ago. Receipts and shipments were much smaller
than a year ago, but stocks were almost 25 per cent
larger.
FARMS.
A drop of 26 per cent in the average value of plow
lands in the past three years, most of which occurred
in 1921, is reported by the Department of Agriculture,
in the following comparison: March 1, 1923, $66.53
per acre; March 1, 1922, $69.89; March 1, 1921, §83.78;
and March 1, 1920, $90.01.
The Department of Agriculture also shows an increase of 126 per cent in taxes on farm lands in the
last eight years, the average taxes per acre rising from.
31.4 cents per acre in 1914 to 70.9 cents in 1922.
A report by the Bureau of the Census and by the
Bureau of Agricultural Economics of the Department
of Agriculture estimates the total mortgage debt on
farms on January 1, 1920, as $7,857,700,000, divided
$5,314,150,000 for owners, $358,070,000 for managers,
and $2,185,480,000 for tenants.
PATENTS ISSUED BY U. S. PATENT OFFICE.
140

!

i

MEATS AND DAIRY PRODUCTS.

Cattle movement for February was about 25 per
cent less than in January, with slaughter 20 per cent
less. The February, 1923, figures were about the
same as for February, 1922. Cold-storage holdings
of beef products made a seasonal decline, but were
about 40 per cent larger than a year ago. Cattle
prices declined while beef prices were irregular.
Hog movement and slaughter in February made a
seasonal decline but were considerably larger than a
year ago, except stocker and feeder shipments, which
were about the same. Cold-storage holdings made
a seasonal increase and were about 40 per cent larger
than a year ago. Exports of pork products in January amounted to 196,139,000 pounds, the largest
monthly exports since 1919. Hog prices declined in
February while pork prices advanced slightly.
Sheep movement, declining from January, was about
the same as a year ago, while slaughter was somewhat
less than in February, 1922. Cold-storage holdings
decreased slightly and were twice as high as a year
ago. Prices of sheep were irregular.
Poultry receipts and storage holdings declined in
February but were considerably higher than a year
ago. The fish catch at principal fishing ports was
only about half as great as in February, 1922.
Receipts of butter and cheese were less than in
January but greater than a year ago, while egg receipts
increased over January but were the same as in February, 1922. Storage holdings of all three products
declined seasonally, with butter holdings much lower
than a year ago, cheese higher, and eggs about the
same. Prices of butter and cheese declined slightly.
Production of milk in the Minneapolis district declined
slightly but was larger than a year ago.

1
SUGAR AND COFFEE.

!

120

|
<r HO
til
CD

D
Z 100
X

ij

if

1

1

»
i

\ 1913 AVERAGE

:

j

i

! ^v * '
:
\

i

°c\

ill

I

90

1

s

i

i

60
1913

i

1914

1915

1916

1917

l

1918

1919

1920

i

\

1921

1922

Although the trend in total patents granted by the
U. S. Patent Office has increased year by year since
the end of the war, the patents granted for agricultural
implements have been growing less each year. Details
are shown in the table on page 48.
40994—23




3

Meltings of raw sugar in February made a seasonal
increase but were considerably smaller than a year
ago. Stocks of raw sugar at refineries increased, but
were almost 40,000 tons less than a year ago. Beet
sugar production was almost completed for the 1922
season, deliveries of 111,867 short tons reducing the
stocks to 307,557 tons at the end of February. Sales
of beet sugar again exceeded deliveries. The price of
sugar advanced in all positions.
Cuban sugar movement continued heavy in February, with both receipts and exports considerably
higher than a year ago. Stocks of sugar at Cuban
ports increased in a seasonal movement and exceeded
last year's corresponding stocks by 45,000 tons.
World visible supply of coffee declined in February
but the United States supply increased. Both were
much smaller than a year ago. Receipts in Brazil
and clearances from Brazil were less than in January,
but the United States received a larger proportion of
the exports.

18
STOCKS OP RAW SUGAR IN CUBA AND

SUGAR

EXPORTS

PANAMA CANAL TRAFFIC.

FROM

CUBA.

/

f

18

N

16

y

<

\
\
i

\

\\
r \\\\!
II
/

/
/

;I2

u.

o

i

\\y

1

\A
\

gio
z
CO

TOBACCO.

Declines due to the shorter number of working days
in February occurred in the consumption of all kinds
of tobacco products in February, but in each case
there was an increase over February, 1922, with cigarettes about 50 per cent higher. Sales at loose-leaf
warehouses declined sharply and were less than half
as large as a year ago.
RELATIVE PRODUCTION OP CIGARS, CIGARETTES,

AND

1

V

V

1922

<

i
/

i
i
i
i

CO
Q
UJ

A

r

tr
Q

t

%
>

AM

i*
/

^

2 V

MANUFA

TURED TOBACCO.

1920

1921

1922

(Average monthly production 1913-100.)

u

1
400

J
11

-

k
350

-

r

rn—i

-X NUM BERS

I
! \
300 *

0

/i \

i

\ »\

i
! i

(1
\V

j*
; \

i
I

Ji

1

1

/

ft-

2

!

i

? 150 -

i !
100 ^

\

f;»

50 -

i

c

1
0

ZfflJ

II l

fcV>d

Y

z ai 5 c£ > z j cj

t h>d
: <© o z o

w O Z Q

1920

r /c •/

s k

1921

1922

1923

WATER TRANSPORTATION.

January traffic through the Panama Canal made a
new high record with 1,592,000 tons transported, of
which almost half was in American vessels. Entrances
and clearances of vessels in foreign trade in United
States ports declined in February, owing principally
to the shorter month. Compared with a year ago,
entrances and clearances were about the same, but
there was a larger proportion of foreign vessels this
year. Ocean freight rates again declined in February.




SURPLUS,

BAD-ORDER, AND TOTAL LOADINGS OP
FREIGHT CARS.

0

ij

Q

/

SHORTAGE,

19
RAILROAD TRANSPORTATION.

DISTRIBUTION MOVEMENT.

The trend toward reduction of freight-car shortage
seen since the end of October was halted in February
by an increase in shortage and a decline in surplus,
showing a net shortage of 65,000 cars as against 47,000
cars a month previous. Car loadings at the end of
February were slightly greater than at the end of January, due to larger merchandise shipments, while,
compared with a year ago, merchandise, forest products, and ore show the largest gains, making the total
60,000 cars larger than in February, 1922.
Operating revenues of the railroads in January were
less than in December, owing to the decline in passenger revenues. Operating expenses increased somewhat and net operating income declined.

Retail sales of mail-order houses for February,
although under the high total of $39,222,000 reported
for February, 1920, made a considerable advance
over the corresponding months of 1921 and 1922.
Combined sales of the two large mail-order houses
totaled in February $26,178,000, which may be compared with $18,198,000 in February, 1922, and $19,465,000 in February, 1921.
February sales of 10-cent chain stores exceeded
the January sales and reached a new record for this
month of the year. The combined sales of 4 large
10-cent chain stores totaled $19,506,000, as compared with $16,749,000 in February, 1922, $15,405,000
in February, 1921, and $13,596,000 in February, 1920.
During this period, however, there was a slight
increase in the number of stores.

LABOR.

Employment reports from both New York State
and Wisconsin show an increase over January in workers employed. In both states the number employed
was the largest since October, 1920. Unemployment
in Pennsylvania was reduced still further, being estimated at only 17,903 on March 1. Applications
from workers at state and municipal employment
agencies throughout the United States increased in
January, as did the number of jobs open, the ratio of
workers per job being the largest since April, 1922.
Declines occurred in both immigration and emigration.

SALES OF MAIL-ORDER HOUSES AND CHAIN STORES.

FACTORY EMPLOYMENT.
140

/

i

130

I
A
D
z

Af,/S
/ ;

110

X
w
Q

V

100

//I

r

1921 A VERAGE

90




1921

1922

I 1923

Indexes of department-store sales in the several
Federal Reserve districts based on 1919 also show
increased activity for February over a year ago and,
with few exceptions, over February, 1921. The
February index of wholesale grocery trade at 75,
basM upon 1919, is the highest February index since
1920, as is the weighted index of wholesale trade
recently published by the Federal Reserve Board
and given in detail in this number of the Survey on
page 50.
Magazine advertising for March was greater than
for February and, with the exception of March, 1920,
represents a record for this month at 2,002,000 agate

20
lines. Newspaper advertising for February totaled
83,496,000 agate lines, the highest February since the
record of 87,999,000 agate lines made during February^ 1920.
Postal receipts in 50 selected cities during February
declined slightly from January, standing at $23,082,000, compared with $20,394,000 for February, 1922,
and $19,115,000 for February, 1921.

BILLS DISCOUNTED AND TOTAL INVESTMENTS OP FEDERAL
RESERVE BANKS.
28

/

26

1

V

24
22

/
/

\

20
\

PUBLIC FINANCE.

The interest-bearing debt increased very slightly
in February. Customs receipts in February showed
a 4 per cent increase over January, and, with the
exception of September, 1922, which was abnormally
large due to the rush of importers to avoid the effect
of the new tariff, were the largest for any month since
the war. For the eight months of the fiscal year
ending February, ordinary receipts declined almost
15 per cent from the corresponding period last year
while ordinary expenditures declined 6 per cent.
Money in circulation showed an increase in February.

18
\

16

V

14

N

12

\
\

10
8

^>
\ "*<

6

/

4

A ^*—X^

2
0

BANKING AND FINANCE.

Debits to individual accounts and bank clearings
for New York City and for the territory outside of
New York City declined for February, but in each
instance the figures were well above those for the corresponding month of 1922 and 1921, while debits to
individual accounts outside of New York were the
largest on record for the month of February since 1919.
Discounts, reserves, deposits, and the reserve ratio of
Federal Reserve Banks were reduced slightly during
February, while investments and notes in circulation
increased. Among the member banks of the Federal
Reserve System loans and discounts increased and
were larger than a year ago, while total investments
were reduced to provide for the increasing demands
for funds in business.
Interest rates on New York call loans rose in February from 4.35 to 4.78 per cent, while rates on prime
commercial paper remained stationary at 4.63 per
cent.
Savings deposits increased in each of the seven
Federal Reserve districts for which comparable figures
are available, and the total of the seven districts stood
at $5,818,221,000 on February 28, as against $5,349,121,000 a year ago. United States postal savings,
for the first time since January, 1921, showed a slight
increase over the preceding month. The total balance
to the credit of depositors in the postal savings system
on February 28 was $132,072,000, as compared with
$163,356,000 for February, 1921, the beginning of the
uninterrupted decline in postal savings.




1920

1922

1921

1923

LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS.

—

13 * * •

1

Si

12

_

II

——

DISCOUNTS

1

in

m

1
• m

H 3

..—

TOT
» —0

y

- -

"

- -

ME NTS
_> —m -

S I

I

I
1923

Life insurance, with the exception of new business
recorded in group insurance, increased over January.
The total new insurance written during February was
$539,698,000, compared with $479,945,000 a year ago.
Business failures, statistics of which have long been
recognized as a sensitive indicator of commercial conditions, declined during February and in point of
liabilities stood about 45 per cent under the high
February mark of a year ago. It has been only within
the last few months that dividend payments have

21
begun to reflect the increased business activity over
the year 1922, and data at hand shows that the March
payments by industrial and miscellaneous corporations, steam railroads, and street railways were considerably higher than those for the corresponding
month a year ago. New incorporations during February were the largest for this month since 1920.

NUMBER OF BUSINESS FAILURES AND AMOUNT OF DEFAULTED
LIABILITIES.

Sis?*

sis 5i.s i! n5 i Iiis i!ils i!
!

. si >

\i

t i
E =

-

h i ii 1 i1 1 :
X

BONO INDEX
NUMBER

INTEREST R A T E S
PER CENT

80

ia

70

14

1 !*

3

g

'

i!

1922

1

1921
<r

i

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%

3

I

1923

k

t

i

i

T

<

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C

i[\HI/
11
/

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1/
Jl
1^
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-1^00-

12

60

10

40

8

30

6

20

4

10

2

0

0

" —

\

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-

. _ _




PF

T
r-

/

I/

-

60

ItI
/,

-2,100-

-1,800-

8 0 ND

1
1
1 1
1 1I
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f

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-1.200-

V
-900-

\
\

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1

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f

r
-1300- —10- •

—0—

COMPARISON OF WHOLESALE PRICES AND STOCK PRICES.
(Twelve months, moving average.)

l
) 2> c

A
U\\
MM
iff
if

1
-2,400- - 8 0 -

1920

ii

1

-2,700

INTEREST RATES AND ]BOND PRICES.

1

\

t

/

A
N/
;

\
\

/
/

\

!
•

\

\

\

22
Prices of both industrial and railroad stocks advanced in February, while the combined bond price
index calculated to the par value of a 4 per cent bond
continued to decline. Sales of stocks on the New
York Stock Exchange advanced 12 per cent over
January and the 22,694,000 shares sold compare with
16,185,000 shares sold during February, 1922. Sales
of bonds showed a decline both as compared with
January and with February a year ago.
GOLD AND SILVER.

Gold receipts at the mint increased during February.
The Rand output for February declined, as did both
exports and imports of gold. Silver production declined in February but was considerably higher than
a year ago. Imports during February exceeded
exports, reversing the situation a year ago. The
price of silver declined during the month.

that the statistics can again be brought up to date.
Figures for imports during December, 1922, have
just become available. Since these can not easily be
fitted into the table on the " Trend of Business Movements, " the imports of those items usually reported
in the Survey are given in the accompanying table.
Comparison is made with the quantities imported in
December, 1921. With the exception of rice and
coffee, the imports of the commodities here shown
in quantities point to a marked increase in the volume
of our import trade during the year 1922 as compared
with 1921. In point of value, the total goods imported
into the United States during the year was 24 per
cent greater than in 1921.
EXPORTS FROM THE UNITED STATES AND THE UNITED KINGDOM.
400

FOREIGN EXCHANGE.

With the exception of England and India the foreign
exchange of all countries declined in February, and
the general index fell from 68 to 66. The exchange
on Switzerland and Brazil remained practically stationary for the month, while the pound sterling made
a new high record on the recovery since release of the
exchange in March, 1919, from the " pegged" rate.

300

I
A

X

III
CD

5

\ i

X
UJ
Q
100

FOREIGN TRADE.

Owing to the much larger number of classifications
required under the new tariff act and the difficulty in
getting the declarations properly made out, all import
statistics have been greatly delayed. It is expected
that these difficulties will be overcome shortly and

1920

IMPORTS OF SPECIFIED

December,
1922

GRAND TOTAL IMPORTS
FOODSTUFFS:

Rice
Coffee
Tea
Sugar
Vegetable oils

HIDES AND SKINS:

Total
Cattle hides
Calfskins
Sheep and lamb skins
Goat and kid skins

TEXTILES:

Cotton
Wool
Silk
Fiber
Burlap

RUBBER

;

i \

Z 200

A.
/

N A

A/'

V

113

AVERAG

1921

1922

CUMULATIVE TOTAL FOR
CALENDAR YEAR.

Percentage
increase
( + ) or
decrease

COMMODITIES.

December,
1921

Percentage
increase
(+)or
decrease
December,
1922, from
December,
1921.

1922

1921

! mulative
1922 from
1921.

thous. of dolls..

293,464

237,496

+ 23.6

3,112,549

2,509,148

+ 24.0

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

4,295
131,016
9,048
141V821
62,732

6,890
152,776
11,162
176,462
31,785

+

37.7
14.2
18.9
19.6
97.4

63,535
1,246,041
97,118
4,341,473
639,575

76,238
1,343,499
76,488
2,751,191
323,529

+
+
+

16.7
7.3
27.0
57.8
97.7

thous. of lbs..
thous. of lbs..
thous. of lbs..
thous. of lbs..
thous. of lbs..

59,951
35,647
6,547
5,817
7,858

27,833
13,337
3,907
4,031
5,757

+ 115.4
+ 167.3
+ 67.6
+ 44.3
+ 36.5

551,256
324,419
55,565
61,636
80,935

348,036
180,184
47,93S
45,869
63,125

+
+
+
+
+

58.4
80.0
15.9
34.4
28.2

bales..
thous. of lbs..
thous. of lbs..
long tons..
thous. of lbs..

68,525
45,817
5,428
37,045
37,613

61,006
12,520
6,746
25,110
43,462

+ 12.3
+ 266.0
- 19.5
+ 47.5
- 13.5

371,440
375,951
57,896
273,778
522,216

277,643
320,599
52,518
244,927
474,373

+
+
+
+
+

33.8
17.3
10.2
11.8
10.1

thous. of lbs..'.

78,416

58,645

+ 33.7

679,139

415,273

+ 63.5

11
8,880

+ 772.7
+ 87.4

134,703

121
54,202

METALS:

Iron and steel
Tin

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

96
16,643 •

short tons..
short tons..
short tons..

27,185
138,259
98,494

28,498
117,068
79,637

- 4.6
+ 18.1
+ 23.7

212,317
1,026,677
1,029,267

192,002
533,484
792,480

+502.5
+ 148.5
+ 10.6
+ 92.4
+ 29.9

long tons.. !
long tons..

14,959
45,174

17,060
5,365

- 12.3
+742.0

241,232
540,464

104,872
369,199

+ 130.0
+ 46.4

PAPER:

Mechanical wood pulp
Chemical wood pulp
Newsprint paper
CHEMICALS:

Potash
Nitrate of soda




1923

23
INDEX NUMBERS OF PRODUCTION AND MARKETING.
In recent numbers of the Survey there have been
published detailed discussions of certain index numbers of production and marketing dealing particularly
with raw materials. The following tables give the
recent figures for each of these index numbers, compared with the corresponding months of 1922. The
methods of compiling these indices and the weighting
factors used are discussed in detail in the issues of the
Survey referred to.
INDEX OF PRODUCTION OF RAW MATERIALS.

I N D E X N U M B E R S OF MARKETINGS OF ANIMAL PRODUCTS.

(Average monthly marketings 1919=100.)

180
160

!

1919 / IVER/

SLSBBI

\i\

(Relative production 1919=100.)

/

I

1922
Jan.

Total.

$.2 1

Minerals (total)
Animals.
Crops
Forestry.
1
1

|

Feb.
93.2 I

40
2

137. 0

2

20

129.6

93.0 I 9 6 . 1 ! 123.0 j 2119. 7 |! 2 124.3
96.4 j 87. 8 I 2 1 1 2 . 7 ! 118. 7
113.4
102.3 I 96.3 2 160.3 J2 141.3 2 114.5

B
For complete table and discussion, see September (No. 13) issue of the Survey.
Revised.
I N D E X OF F O R E S T R Y PRODUCTION.

O

\

CO

85.7 i 120.0 I 103.3

D

h
Q.
UJ

>

o

O
Z

LU
Q

INDEX OF CROP MARKETING.1

1

(Relative production 1919=100.)

(Relative production 1919=. 100.)
1922
1922

Jan.
Jan.

Feb.

Nov. | Dec.

Jan.

114.5 ' 102.6

115.6

101.3

141.7
128.8
193.3
52.5
66.4 ;

67.4
98. 8
92.2
61.6
84.3

65.7
115.0
108.3
79.8
113.3

109.4
128.3
65.7

Total lumber.
Pulp wood
Gum
Distilled wood

j 90.1

114.0 I 94.4

108.4

j 93.1
j 81.8
I 71.7

76.2 a 143.0 ! 2142.3
47.9 184.2 | 184.3
71.6 138.2 ! 148.5

98.2
150.7

Grand total.
1
2

97.5
32.3
109.5
95.5
38.9
68.7

85.7

Corn
Wheat
Oats
Barley
Rye.
Rice
Total grains

63.9

120.0 I 103.3

Potatoes (white).
Sweet potatoes
Tomatoes..
Onions
Cabbage . .
Celery

For complete table and discussion see August (No. 12) issue of the Survey.
Revised.

Total vegetables
Apples

I N D E X OF M A R K E T I N G S O F A N I M A L P R O D U C T S . 1

Citrus fruit
Grapes
Pears
Watermelons
Cantaloupes
Strawberries

(Relative marketings 1919=100.)
1922
Jan.
Total.
Wool
Cattle and calves
Hogs..
Sheep....
Eggs
Poultry..
Fish
Milk

16.4

| 77.6
! 79.3
114.5
81.0
67.8
115.5
78.0
109.4

Feb. i Nov.
87. 8 I 2112.7
75.2
69.0
96.7
61.8
86.4 i
75.8 !
123.7 !
101.9 i

54.5
118.3
118.3
101.0
41.3
228.1
79.0
113.9

1923
Dec.

Jan.

118.7

113.4

95.3

44.1
88.9
133.9

37.7
91.4
142.0
72.2
71.8
220.8
45.4
115.9

33.6
69.5
120.1
59.0
86.3
119.3
67.1
106.9

63.9

40.9
370.9
54.8
115.0

Total fruits

Feb.

Cotton
Cotton seed
Total cotton products
Tobacco
Flaxseed
Cane sugar
Total Tniscellaneous

i For complete table and discussion, see June (No. 10) issue of the Survey.
Revised.




Feb.

Nov.

Dec.

Jan.

Feb.

Feb.
Grand total

Yellow pine
j 100.7
Western and sugar pine and i
whitefir
I 35.2
Douglas fir
: 94.9
Redwood
109.3
Hemlock
I 59.4
Maple, birch, and beech
| 87.3

1923

1923

1

102.3

96.3

160.3

141.3

114.5

73.4

347.4
55.4
85.6
29.2
31.8
158.6

389.0
72.1
93.0
30.4
39.8
162.9

159.6
134.9
121.3
53.0
196.4
292.1

249.9
143.9
108.8
54.4
178.6
208.8

250.5
119.4
117.5
48.7
179.9
156.3

208.6
68.6
83.2
33.0
119.1
64.4

130.5

151.6

145.1

168.2

152.2

103.8

111.0
149.9
5.3
101.7
156.0
268.3

90.4
133.5
44.3
58.7
145.8
259.0

130.3
214.3
23.5
116.0
165.6
346.2

77.2
109.8
176.6
179.6
5.4
11.4
87.7
109.7
113.9 1 136.4
399.8 1 351.8

91.7
145.3
74.9
80.3
104.8
340.4

109.4

93.6

131.9

85.8

112.0

98.6

61.9

68.9

275.8

121.1

120.2

92.1

163.8
0.1

128.5
0.5

183.7
8.1
12 4

198.3
0.4
13 1

178.9

1.3

l3l. 6
231.7
68.7

43

0.1
7.6

2.5

15.6

10.8

61.6

62.3

57.5

161.2

90.8

93.7

81.3

87,0
37.0

45.5
38.5

205.1
197.8

143.7
107.0

83 0
60.5

39 0
37.2

79.6

44.5

204.0

138.3

79.7

38.7

69.3
97.5
55.2
98.6

60.6
91.0
35.7
35.5

71.3
70.9
202.0
465.0

71.4
85.9
155.1
562.0

69.1
69 9
79.9
415.7

57.2
42 6
39.6
18.5

86.1

74.2

104.7

118.1

95.3

45.9

For complete table and discussion, see July (No. 11) issue of the Survey.

24
INDEX OF MINERAL PRODUCTION. 1

I N D E X N U M B E R S OF MANUFACTURING

(Relative production 1919=100.)

1922
1923

1922
Jan.
Total production.

Feb.

13.0

Petroleum
Bituminous coal
Anthracite coal

Nov.

Dec. : Jan.

24.1 ; 34.9
122.7 j 113.5
62.8
59.6
77.1
67.6
83.4 ; 82.1

Total, excluding lead, gold,
and silver
.

93.0

96. 5

159.0
121.7
114.8
0.3

84.0
294.8 ; 2 97.6
137.6 2 132.2
2 189.9
215.8
84.2
106.3
103.1 ; 107.0
2

123. 4 2 120. 3

106.5

163.2
131.3
US. 7

153.5
110.4
75.2

2 104.8
2 137.0
122. 9
70. 5
109. 9

95. 6
123. 2
112. 6
73. 4
100. I

2

Total index

125.2

I

Meats
Wheat flour
Sugar meltings
Ice cream
Butter
Cheese
Condensed milk
Glucose and starch
Oleomargarine
(production)
Rice

2

Total.
INDEX N U M B E R S OF MINERAL PRODUCTION.

Pig iron
Steel ingots...
Locomotives..
Total..
,

180

!

1
1
140

Dec.

Jan. I Feb.

112.9

107.9

2 118.5 i.

111.5
121.0 !
95.1
2 63.1 1
2 89.8
2 50.4
2 48.6
118.3 !

124.6
99.6
69.9
2 45.1

128.2 i
91.4 !
77.2 '

105.4

107.7

104.0

•61.9
210.4

68.5
153.7

2 45.0 1
2 95.0 !
2 45.0 i
*35.0

2 89.8

«42.7
2 34.7
[.84.2 :

2 60.0

166.0

"in." 8

2 99.0 i 2 100.6 !

117.1 i 107.0 i 123.7 ! 114.9
137.6 I 126.8 \ 137.6 : 1.25.8

109.2 1 103.2

124.3 j 114.0 1 128.6

118.8

64.5 '
64.9 :
33.2

64.0
71.0
19.7

111.8
121.1
117.6
113.2
71.3 ' 94.2

126.7 ;
132.4
102.7 i

117.5
118.8
92.8

63.0

67.2

114.2

113.1

130.0 j

117.2

88.8 ' 114.0
196.5
131.9

94.4
184.3

I

LVM3ER:

160

Nov.

106.8 ! 95. S
113.6 i 116.8

IRON AND STEEL:

(Average monthly production 1910=100.)

1923

86.3 2 104.9

89.3

Cotton (consump!ion)
Wool (consumption)

l-or complete table and discussion, see September (No. 13) issue of the Survey.
lie vised.

;

; 103.4 j 89.3
83.2
I 85.6
' 89.7 j 127.8 i
j 40.7 j 49.0
99.2 | 90.9
46.9 ! 50.7
51.8
55.1
:
95. 7 ! 109.9 ;
j
47.6 ;
! 52.6
141.0 166.8

Total

106.9

82.1

I 83.8

FOODSTUFFS:

TEXTILES:
1

Feb.

Jan.

Feb.

96.1 ; 2 123.0 2H9.7 .2124.3

136. 8 129.4 2150.7
98.5 107.3 118.6
85. 2 1 92.1 116.3

Iron ore
Copper
Lead
Zinc
Gold
Silver

PRODUCTION. 1

1

2108.4 : .
205.6 i "*177*5

Lumber
flooring

90.1
150.4

TotRl

100.9

96.5

128.7 ' 110.4

88 2
91.4

78.1
90.4

79.1
111.1

76.0
101 1

88. 2 1
110.9 ;

77.5
107.4

90 2

85.6

98.6

91.3

102.1 i

95.8

94.6
Wood pulp
Paper
98.1
Printing (paper purchases). 101.9
Consumption by printers, i
newspaper printing
110.0

86.3
97.3
109.5

106.6
124.4
123.0

96.5
117.7
144.7

111.6 .
128.8 !
119.1
136.4 . .

105.5

2 125.7 .

LEATHER:

Sole V-alhc-r
Boots and shoes
Total

WER^

PAPER AND PRINTING:
•

Total

i

132. 8

128. 3

123.5 !

104.5

103.9 • 126.6

128.9

146.0 ..

65.2
125 9
87.0
S5. 8

83.2 • 116.7
63.7
113.4 ! 144 S
152 2
76.1 ' 154. 0
117.9
268. 8
51.0
185.6

107.9

96.0 ' 138. 5 ; 149.5

56. 4
S3. 0
64.1

1
58.4 , 102.8 i 102.3
Sl.O
77.0
73. 0
63.9
109.6
129.6

CHEMICALS, ETC.:

UJ

a

O
D
<

D

UJ

I N D E X OF MINERAL

Coke
Petroleum products
Cottonseed oil
Turpentine and rosin
Total

>
o
2.

h
O
O

STONE, CLAY, AND GLAS.S:

Brick
Glass bottles
Cement

METALS,
STEEL:

1922

: Jan. j Feb.
Total

;

95.4

Petroleum
Bituminoua coal

238.7
j 105.9

Anthracite coal
Iron ore
Copper
Lead
Zinc

;

Gold
Silver

!

!

Total, excluding lead, gold, '•
and silver

;
i

Dec.

Jan.

99.1 2 136. 0 2129.9
225.8 2 263.0
115.3 ! 127.4

277.4
130.8

48.9
78.0

42.9
76.8

i

67.5
96.5

j

99.0 | 103.9:2142.5
[
_
i

53.4
100.1

114.3

284.7
141.1

267.8
1 IS. 7

44.7
102.8

140.9
;

1 For complete table and discussion, see May (No. 9) issue of the Survey.
2 Revised.




Manufactured tobacco and
snuff
Cigars
Cigarettes

76.7
107.2
135.8
179.9

•8.9 i 109.2 ,

142.2 i.
111.3 !
93.7
80.0 j . .
3 115.1 i 120.8

97.4

99.8

46.1 ! 3124. S 2 107.6
58.9 1 105:1 112.0
142.2 i 186.3 196.9
113. 5 137.6 1 132.2

2 112.3
121.1
212. 2
137.0

2106.7
111.0
189.9
123.2

87.7

93.9

146.7

156.1

96.8
75.2
83.7

91.8
75.9
70.6

95.8
115.3
102. 2

74. 5
95.2
80.1

104.9
94.9
120.9

92.2
86.1
104.4

82.6

76.9

106.5

85.4

106.8

94.3

10.9
7.9
12.3
4.1
74.4 3144.1 j 3 137.6 3147.7
85.7
133.1 ; 133.8 158.7

6. I
167.6

2 156.1 2 142.5

TOBACCO:

Total.
MISCELLANEOUS:

Shipbuilding
Automobiles
Rubber tires

46.6
93.7

\
2135.9

.9.0

2124.3 |
116.6
155.4 ! .
84.3
121.9 |
3101.8
66.6

IRON AND

Total metals, except iron
and steel

Feb.

132.9

86.9
93.9
118.6
117.1
121.0
94.3
0.3
27.0
39.1 i> 106.3 2 i 0 9 . 5 2 117.5
135.3 : 125.2' 151.7 •» 145. 7 2150.9
100. 3
95. 2 2 303.4 : 343. $*
195.3

EXCEPT

.'

Copper smelting and refining
27.1
Zinc smelting and refining.
62.0
Enamel ware
'..< 137.2
Lead
122.7

1923

Nov.

..

Total

PRODUCTION. 1

(Relative production 1909-1913-100.)
I

;

:

116.2

Total.

120.2
1
2

15.0
i 55.4
98.3
50. S

53.1

89.6 !

95.9 I

For complete table and discussion, see January, 1923 (No. 17), issue of the Survey.
Subject to revision; partly estimated.
• Revised.

25

TREND OF BUSINESS MOVEMENTS.
The following table contains a summary of the monthly figures, designed to show the trend in important industrial and commercial
movements. 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, 1928.—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 footnote, refer to the previous quarter; that is, ending
September 30, 1922.
February, 1923.—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
September 30 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 7).
Corresponding month, January, 1922, or February, 1922.—The figures in this column present the situation exactly a year previous to
those in the "February, 1923," column (that is, generally February, 1922), but wnere no figures are available for February, 1923,
the January, 1922, figures have been inserted in this column for comparison with the January, 1923, figures. In the case of
quarterly figures, this column shows the corresponding quarter of 1921.
Cumulative total from July 1 through latest month.—These columns set forth, for those items that can properly be cumulated, the cumulative total for the eight months ending February, 1922 and 1923, respectively, except where the February, 1923,figuresare lacking,
in which case the cumulative total for the seven months ending January, 1922 and 1923, is given.
Percentage increase (-}-) or decrease (—) cumulative, 1922-23 from 1921-22.—This column shows the per cent by which the cumulated
total for the eight months ending February, 1923, is greater (+) or less (—) than the total for the corresponding period ending
February, 1922.
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 pre-war 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 the last month compared witn the preceding month.
E.—Because of the confusion resulting from the new tariff schedules, the Bureau of Customs Statistics,
NOTE,
able to compile the import figures for either January or February.
All import figures are therefore omitted
are given on page 22.

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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

I Febru-

INDEX NUMBERS.

Percentage'
increase,

CUMULATIVE TOTAL

Janu-

Treasury Department, , has not been
from this table.
Decembe
December
imports

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

(+)

ordecumulative
1922-23
from
1921-22.

BASE
YEAR
OR
PERIOD.

1922

Percentage
increase

(+)

1928

or decrease
Nov. Dec.

fc*.

Jan.

Feb.

Jan. Feb.

122

143

71

58

50

44

224
135

412

659

740

775

168

227

244

250

96
107

116

123

126

116

114

115

131

116

-

7.9
11.5

150
118
109

163

162

168

160

-

131

132

133

133

125

116

116

105

-

4.8
0.0
9.5

113
101

125

127

132

116

117

+
!+

3.9
0.9

+
+
+

2.7
0.8
2.8
0.0
0.8

from
Jan.

TEXTILES.
Wool.
Consumption by textile mills
thous. of lbs.
Receipts at Boston:
thous. of lbs.
Domestic
thous. of lbs.
Foreign
thous. of lbs.
Total
Machinery activity:
.per ct. of hours active,
Looms, wide
Looms, n a r r o w . . . .per ct. of hours active.
Looms, carpet and
.per ct. of hours active.
rug
.
per ct. of hours active.
Sets of cards.
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.

40994—23




4

63,348 |

57,916

53,774

402,638 ;

461,239 + 14.6

1921

118

6,723
39,066
45,789 i

5,990
40,885
46,875

13,407
11,839
25,246

130,933
45,093
176,026

109,839 - 16.0
212,689 +371.7
322,529 + 83.2

1913
1913
1913

247

86.7
83.7

79.7
74.3

65.9
68.1

1921
1921

86.3
95.1
103.0

81.9
95.0
93,3

76.9
84.4
97.2

1921
1921
1921

91.6
95.4

94.6
95.8

81.6
82.7

1921
1921

104

85
90
81

87
91
83
86
85

1913
1913
1913
1913
1913

95
116
89
100
115

103

143

94
106

148
105
108

105

i
I
j
j
I

104
116
93
100
116

132 i 144

131

114

120

109

no ; no113

122

120 I 122

123

109

109 ! 109

112

112

114

118

118

124

125

126

125

-

8.6

- 10.9
+ 4.7
+ 2.4

-

26
TREND OF BUSINESS MOVEMENTS—Continued.
INDEX NUMBERS.

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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

CUMULATIVE TOTAL

FROM JULY 1

CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

January,
1928

Percentage
increase

centage
increase

(+)

or decrease
<-)
cumulative
1922-23
from
1921-22.

1922
YEAR
OR
PERIOD.

or decrease

I

Feb'.

Jan. Feb. Nov. Dec. Jan. ! Feb. from
Jan.

TEXTILES—Continued.
Wool—Continued.
Prices:
Raw wool to producer, all
grades
dolls, per lb.
Unwashed, fine Ohio,
Boston
dolls, per lb.
Worsted yarn
dolls, perlb.
Wool dress goods
dolls, per yd.
dolls, per yd.
m Men's suitings

.353

108

134

199

211

1913
1913
1913
1913

159
165
145
184

173
167
145
184

232
212

227
212

1913

109

9.2

1913
1913
1913
1913

124
263
137
65

375,538 | | - 3.7
81,160 J|-f 30.3

1913
1921

.223

.353

.52

.52

.38

1.700

1.750

1.300

.950

.993

.815

3.420

3.510

2.835

Consumption by textile mills
bales.. 610,375
Stocks, end of month:
Mills
thous. of bales..
1,987
Warehouses
thous. of bales..
3,482
3,359
Visible supply
thous. of bales..
473,436
Exports, unmanufactured
bales
Manufactured goods:
38,893
Cotton cloth exports
thous. of sq. yds..
Fabric consump. by tire mfrs.thous. of lbs..
10,997
Fine cotton goods:
Production
pieces.. 401,786
Sales
pieces.. 556,440
Machinery activity, spindles:
35,241
Active
thousands..
9,266
Total activity
mills, of hours..
Activity per spindle
hours..
249
Prices:
.259
Raw cotton to producer
dolls, per lb..
.275
Raw cotton, New York
dolls, per l b . .
.474
Cotton yarn
dolls, per lb..
.078
Print cloth
dolls, per yd..
.121
Sheeting
dolls, per yd..

566,924

472,336

211

211

0.0

221

236
219
169
221 I 221

236
0.0
225 + 2.9
176 + 4.5
227 + 2.6

120

109

127

118

128
239
128
118

143
232
124
84

148
198
109
65

151 + 1.8
159 - 19.5
- 18.6
49 - 24.0
i:

84
115

124
135

112
142

105
164

99 j - 5.5
177 |+ 7.6

1919
1919

84
51

107
88

114
88

105
125

104 - 0.7
86 - 31.0

1913

| 114

115

116

117

+ 0.2
- 8.8
- 8.8

1913
1913
1913
1913
1913

129
140
148
168
160

198 204
200 201
183
186
223 223
190 196

216
215
192
227
197

231
226
197
232
206

+
+
+
+
+

6.9
5.5
2.7
2.6
4.1

107
,133 1,157
119 185
46
17
502 587

106
497
182
20
511

I

1.4
57.1
1.6
44.0
12.9

Cotton.

2,022

1,595

2,804

4,215

3,S94,135

2,734

3,891

359,657

338,440

4,532,672

36,751

32,707

389,836

11,834

6,711

62,315

399,024
383,818

339,348
202,208

3,000,072
2,713,913

35,308

33,755

8,449

7,120

227

193

4,297,505

+ 10.4

4,113,887 i t -

3,222,702
3,382,777

.277

.159

.290

.181

.487

.351

.080

.056

.126

.098

626,400

648,000

4,956,300

4,897,800

501,300

558,000

5,924,700

7,119,000

837,000

619,200

4,784,200

9,900

15,300

106,200

2,568

1,940

+ 7.4
4- 23.3

119
239
127
47

133
141
142
163
160

Knit Underwear.
Production
doz.. 635,400
Orders received
doz.. 1,167,300
Shipments
doz.. 850,500
Cancellations
doz..
22,500
Unfilled orders, end of month.. .thous. of doz..
2,950

- 9.2
+ 19.8
5,761,800 + 20.4
97,06* 8.6

1920
i 1920
i 1920
1
1920
i 1920

104
1,018
154
20
400

110
113
5.53 1,006
135
137
31
29
386
455

Silk.
Consumption, raw
Stocks, raw, end of month
Prices, raw, Japanese, N. Y

bales..
bales..
dolls, per lb..

34,680

36,231

22,107

47,087

44,615

28,982

8.183

8.771

6. .566

3,230

2,994

1,630 !

10,390

21,053

3,717

3,337

1,995 j

12,756

24,906

459

437

193

1,338

2,676

503

689

260

1,679

3,071

1,802

268,87

224,994

+ 19.5

2

1920
1920
1913

190
61
186

124
56
180

199
92
217

174
96
226

195
92
225

203 + 4.5
- 5.3
+ 7.2

METALS.
Iron a n d steel.
Production:
Pig iron
thous. of long tons..
Steel ingots
thous. of long tons..
Merchant pig iron:
Production
thous. of long tons..
Sales
thous. of long tons..
Shipments
thous. of long tons..
Unfilled orders
thous. of long tons..
Stocks, merchant
furnaces
thous. of long tons..
Stocks, steel plants.... thous. of long tons..
1




424

433

251

1,243

1,516

911

275

279

546 I

75

73

168 j

Six months' average, July to December, inclusive.

1

+102.6
+ 95.2

1913
1913

111
131

121
126

126
147

117 - 7.3
132 - 10.2*

+ 100.0
+ 82 9
2,836 + 57.4

1914
1914
1914
1914

102
72
112
57

113
245
114

121
152
127
95

115
209
130
116-

1914
1921

25
25

Eleven months' average, February to December, inclusive.

36
40 j

-4.8
+ 37.0
+ 2.1
+ 22.0

37 !+ 1.5
38-2.7

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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

INDEX NUMBERS.

Percentage
increase

Percentage
increase

CUMULATIVE TOTAL

January
1928

February,

im

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

orde-

BASE
YEAR
OR

cumulative

PERIOD.

1922-23
from
1921-22.

1922

( }

1923

Jan. Feb. Nov. Dec. Jan.

t

Feb.

or decrease
(-)•
Feb.
from
Jan.

METALS—Continued.
Iron a n d steel—Continued.
Steel castings:
Total bookings
short tons..
Railroad specialties
short tons..
Miscellaneous bookings
short tons..
Exports (comparable)
thous. of long tons..
Exports (total)
thous. of long tons..
Unfilled orders, U. S. Steel Corp.,
end of month
thous. of long tons..
Foundry production, Ohio, .per ct. of normal..
Wholesale prices:
Pig i r o n Foundry No. 2,
Northern
dolls, per long ton..
Basic, Valley
furnace
dolls, per long ton..
Steel billets, Bessemer, dolls, per long ton..
Iron and steel
dolls, per long ton..
Composite pig iron
dolls, per long ton..
Composite steel
dolls, per 100 lbs..
Composite finished steel.dolls, per 100 lbs..
Structural steel beams, .dolls, per 100 lbs..

103,581

90,152

37,080

232,693

626,311

+169.2

1920

47,879

39,845

18,578

112,954

1920

55,702

50,307

18,502

119,739

283,398 +150.9
342,913 +186.4

105

109

113

878

131

902

+

2.7

1920
1913

161

1922

52
76
36
62
95

56
70
47
49
80

92
83
98
47
76

- 13.6
- 16.8
- 9.6
+ 3.8

+ 5.4
+ 13.9

6,911

7,284

4,141

1913

59.34

67.80

31.17

1921

72
112

70
151

116
306

28.77

29.27

20.84

1913

133

130

185

25.80

26.25

17.75

1913

37.30

39.63

28.00

1913

41.17

42.61

32.86

1913

27.31

27.98

19.31

1913

2.59

2.72

2.14

1913

2.47

2.61

2.01

1913

2.00

2.10

1.50

1913

123
109
127
132
126
124
99

121
109
125
125
124
121
99

189
146
160
191
149
146
136

141
134
123
47
538

- 8.7
- 12.3
180 + 0.3
79 + 7.1
521 9.6

236

180

183

+ 1.7
+

1.7
6.2
3.5
2.5
5.0
5.7
5.0

Finished iron and steel.
Sheets, blue, black, and galvanized:
Production
short tons.. 260,520
Shipments
short tons.. 248,337
Sales
short tons.. 252,489
Unfilled orders
short tons.. 511,346
Unsold stocks
short tons..
Steel barrels:
Shipments
,
barrels.. 206,021
31.7
Production
per ct. of capacity..
Unfilled orders
barrels.. 518,463
Structural steel:
Sales
short tons.. >190,000
Sales...,
per ct. of capacity..

237,919
217,808
253,197
547,897
29,123
193,992
41.0
603,774
200,000
80

1920

50
46
52
19

1920

717

71
64
73
21
759

1921

80
90
87

91
97
106

173
213
165

105
80

114
87

128
97

24
10
71

14
36
4

52
131
17

1913

16
16
14
105

18
19
15
138

122
168
28
176

1920

23

12

22

62.7

1919

15

11

8

35
65

32
68

41
68

108

107

133

122,436
110,129
103,057
145,673
42,439

800,774 1,799,814 + 114.8
799,914 1,723,213 + 115.4
733,853 1,794,921 +144.6

101,830
16.9
248,315

980,537

109,300
44

834,600

1,656,596

+ 68.9

1920
1920
1920

1921
U921
1,300,200

+ 55.8

1913
1913

139

127

- 5.8
+ 29.7
257 + 16.5
173

209
159

+
+

5.3
5.3

Iron a n d steel p r o d u c t s .
Locomotives:
ShipmentsTotal
number.
Domestic
number.
Foreign
number..
Unfilled ordersTotal
number..
Domestic
number
Foreign.
number..
Freight cars: Orders, domestic
number..
Ship construction:
Vessels under construction
thous. of gross tons..
New vessels completed
thous. of gross tons..
Stokers:
Sales
number.
Sales
horsepower..
Steel furniture:
Shipments
thous. of dolls..




1

229

207

217

196

12

11

1,788

2,220

1,699

2,141

44
40
4

89

79

13,390

7,800

239
173
66
14,500

302

280

223

14

21

38

1,348
275

1,249

294

+ 136.9
+354.2
- 66.3

1913
1920
1920
1920
1920
1920

41,150

101,305

187

+ 146.2

-

145

131

1,190

244,326

574,758

+ 82.5
+135.2

1913

66,769

75
35,663

652

83,270
1,362

1,307

967

7,135

9,429

+ 32.2

1919

Six months' average, July to December, inclusive.

1913

3 Revised.

168

22

-

9.6

-

9.7

-

8.3

+
+
-

24.2
26.0
11.2
41.7

-

7.3

+ 50.0

250

62

56

158

127

-

9.7
19.8

150

144

-

4.0

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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

INDEX NUMBERS.

Percentage
increase

Percentage
in-

CUMULATIVE TOTAL

Janu1%

February,
1928

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

or decrease
cumulative
L922-23
from
921-22.

BASE
YEAR
OR
PERIOD.

1923

1922

or decrease
Jan. Feb.

Nov. Dec. Jan. Feb.

Feb!
from
Jan.

METALS—Continued.
Copper and Brass.
Copper:
Production
thous. of lbs..
Exports
thous. of lbs..
Wholesale price, electrolytic..dolls, per l b . .
Brass stopcocks:
Orders received
number of pieces..
Orders shipped
number of pieces..
Zinc.
Production
Stocks, end of month
Receipts, St. Louis
Shipments, St. Louis
Price, slab, prime western

112,341
75,617
.146

102,515
49,751
.155

787,887
683,022

645,314
481,740

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

92,634
33,148
11,806
13,566
.073

84,886
21,728
11,096
14,171
.076

45,026
128,248
10,698
31,323
.049

long tons.
dolls, perlb.

3,354

2,054
.423

1,406
.305

13,938

11,604
6,787
.047

99,276
43,036

.078

11,792
5,402
.082

50,123
8,713
1,478
3,100

42,160
7,773
1,482
2,810

40,951
6,762
549
1,795

293,900
56,344
3,170
13,161

4,749

4,350

3,467

1,092
356
78

806
330
81

814
275
32

5.64
4.36
10.62
8.25

4.
3.59
10.63
7.13

3.60
2.20
10.63
3.04

1913
1913
1913
1913

171
185
200
113

164
179
200
125

336
200

256
354
200

- 13.3
- 17.7
+ 0.1
- 13.6

10.98

10.79

8.50

1913

185

177

225

228

-

1.7

14.45

14.90

13.14

1913

190

209

207

+

3.1

48,413

40,814
208,851
148
39,609
12,077
16,852
2.250
1,143

1913
1913
1919
1913
1913
1913
1913
1913

208
187
116
206
883
851
241
72

37,416
52,862
.129

188,952
441,525

808,392 +327.8
468,078
6.0

1913
1913
1913

- 8.7
- 34.2
+ 6.2
- 18.1
- 29.5

296,734

616,430 +107.7

118,230
198,993

119,928 + 1.4
135,718
31.8

1913
1913
1913
1913
1913

139
48
65
61
129

- 8.4
- 34.5
- 6.0
+ 4.5
+ 4.1

Tin.
Stocks, end of month
Wholesale price, pig tin

1913
1913

76

182

- 38.8
+ 7.G

Lead.
Receipts, St. Louis
thous. of lbs..
Shipments, St. Louis
thous. of lbs..
Wholesale price, pig, desilverized.dolls, per lb.

121,250 + 22.1
76,852 + 78.6

1913
1913
1913

309,463
47,285
7,804
21,228

+ 5.3
- 16.1
+146.2
+ 61.3

1913
1913
1913
1913

28,360

34,452 + 21.5

10,193
2,490
192

8,681 - 14.8
2,048 - 17.8
438 + 128.1

242
110
165

- 15.4
- 20.8
+ 5.1

FUEL AND POWER.
Coal and Coke.
Production:
Bituminous coal
thous. of short tons..
Anthracite coal
thous. of short tons.
Beehive coke
thous. of short tons.
By-product coke
thous. of short tons.
Public-utility
electric power
mills, of kw. hours.
Exports:
Bituminous
thous. of long tons.
Anthracite
thous. of long tons.
Coke
thous. of long tons.
Wholesale prices:
Bituminous—
Kanawha, f. o. b.
Cincinnati
dolls, per short ton.
Mine average
dolls, per short tons.
Anthracite, chestnut, .dolls, per long ton.
Coke, Connellsville
dolls, per short ton
Retail prices:
Bituminous,Chicago..dolls, per short ton.
Anthracite, chestnut,
New York
dolls, per short ton.

114
112
41
276

117
111
44
289

106
102
53
265

1919

136

142

134 -

1909-13
1909-13
1909-13

147
152
52

134
133
168

73 - 26.2
115 - 7.3
97 - 9.0

103
20

- 15.9
- 10.8
+ 0.3
- 9.4
8.4

Petroleum*
Crude petroleum:
Production
Stocks, end of month
Stocks, end of month
Consumption
Imports
Shipments from Mexico
Price, Kansas-Oklahoma..
Oil wells completed

thous. of bbls.
thous. of bbls.
days' supply.
thous. of bbls.
thous. of bbls.
thous. of bbls.
.dolls, per bbl.
number.

51,467j
t249,794

138
56,210
5,069
11,960
1.350
1,208

t252,275

142
49,623
4,368
9,548
1.725
1,094

316,985

383,838 + 21.1

351,857
84,094
117,952

422,822 + 20.2
56,743 - 32.5
102,125 - 13.4

7,955

11,416 + 43.5

197
199
128
182
814
781
241
72

230
252
127
248
496
560
134
91

* Revised.
f Does not include stocks of topped oil or crude oil held at refineries; this omission reduced the January stocks by about 15,000,000 barrels.




242 249 234
5.9
252 t238 t240
1.0
123
2.9
119 122
262 258 228
11.7
520 341 294
13.8
567 554 442 - 20.2
134 145 185 + 27.8
75
- 9.4
76

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 f6r special reasons;
detailed tables covering back figures for these
items will be found at the end of this bulletin.
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

CUMULATIVE TOTAL

Janu-

Febru-

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST M O N T H .
ing
month,
January
or February, 1922. 1921-22
1922-23

(+)

or decrease
(-)
cumulative

BASE
YEAR
OR
PERIOD.

Percentage
increase

1928

1922

or decrease

1922-23

from

Jan. Feb.

1921-22.

Nov. Dec. Jan. Feb.

Feb.
from
Jan.

FUEL AND POWER—Continued.
Petroleum—Continued.
(tasoline:
Production
Exports
Domestic consumption
Stocks, end of month
Kerosene oil:
Production
Stocks
<;*£ and fuel oil:
Production
Stocks
Lubricating oil:
Production
Stocks

623,823
thous. of gals.
58,505
thous. of gals.
443,128
thous. of gals.
thous. of gals. 1,002,857

thous. of gals.
thous. of gals.

66,968

444,623 3,024,629
327,268
38,170
282,717 2,800,613
705,711

3,998,414
3,490,855

+32.2
+21.2
+24.6

396,512

1919
1919
1919

135
163
99
149

121
124
92
171

172
136
164
164

177
154
152
187

189
191
155
212

1919

218 + 14.5

212.447
275,437

172,917
327,484

1,137,319

1,463,567

+28.7

1919
1919

89
109

86
110

120
86

116
94

109
92

989,376
thous. of gals.
thous. of gals. 1,265,074

858,111
1,319,481

5,737,198

6,595,859

+15.0

1919
1919

135
171

120
172

140
176

153
169

156
164

74,314
245,231

511,282

616,071

+20.5

1919
1919

105
152

98
157

127
140

127
146

123
149

736,454

901,120

826,798

1,035,824

+22.4
+25.3

1919
1919
1919

90
89
81

82
81
82

99
112
52

100
43

108
108
43

- 20.5
92 - 14.5
- 12.2

+24.2
+24.6

1919
1919
1919

98
96
95

90
89
99

112
117
83

105
104
87

114
113
94

109 - 4.7
110 - 2.8
95 + 0.4

+ 22.9
+ 23.1
11,047
+ 6.5

1919
1919
1913

92
90
70

85
84
23

112
36

104
104
57

111
108
30

100 - 10.1
100 - 7.5
33 + 12.2

+ 16.1

1919
1919
1919
1919
1919
1919

98
111
69
105
71
110

102
116
68
112
66
105

111
82
81
114
123
133

104
80
94
107
110
128

111
124
124

113
97
90
111
134
116

1919
1919
1919

101
95
86

thous. of gals.
thous. of gals.

87,078
240,690

PAPER AND PRINTING.
Wood Pulp.
Mechanical:
Production
Consumption and shipment
Stocks, end of month
Chemical:
Production
Consumption and shipment
Stocks, end of month

short tons.
short tons.
short tons.

130,297
130,593
66,097

103,534
111,599
58,032

98,742
98 315
125,725

short tons.
short tons.
short tons.

184,537
180,804
50,641

175,923
175,724
50,840

144,568
142,399
52,984

1,119,437

1,390,237

1,125,943

1,402,683

127,452
123,656
1,064

114,611
114,415
1,194

97,786
96,521

813,381

999,609

812,195

999,778

253,927
23,004
7,720
172,319
50,884
175,552

257,858
23,200
7,800
171,807
55,051
165,148

234,294
27,815
5,884
173,512
27,083
149,862

3.745
3.707
3.794

3.717

3.629

3.785

3.479

3.800

3.581

69,408
39,334

530,009

711,141

+34.2

1919
1919

96
122

153,704
63,908

1,213,308

1,545,253

+27.4

1919
1919

62,035
59,251

483,451

597,393

+23.6

26,663
35,804

184,870

256,119

Newsprint Paper.
Production
short tons..
Shipments
short tons..
Exports
short tons..
Stocks, end of month:
Total
short tons..
At mills
short tons..
Jobbers
short tons..
Publishers
short tons..
In transit to publishers
short tons..
Consumption
short tons..
Prices:
Contract—domestic
dolls, per 100 lbs..
Contract—Canadian
dolls, per 100 lbs..
Spot market—domestic.dolls, per 100 lbs..

10,376

1,201,198

1,394,105

HI

+ 1.5
+ 0.9
+ 1.0
- 0.3
+ 8.2
-5.9

101
102

100 - 0.7
104 + 2.1
+ 0.2

116
114

128

117 - 8.3
120 - 2.2

121
103

114
106

129
106

122 - 5.5
116 + 9.5

134
83

129
118

143

135 - 5.9
89 + 0.6

111
93
97 *100

108
100

122
105

113 - 7.4
108 + 2.4

124
100
17

118
108
23

129
106
13

119 - 7.6
110 + 3.5
15 + 18.0

102
98
95 ' 97
89
83

90

91
124

122
116

89
115

95
118

1919
1919

114
100

107
108

+38.5
+28.2

1919
1919

96
96

+35.5

1919
1919
1919

98
111
20

Other Paper.
Book:
Production
short
Stocks
short
Paperboard:
Production
short
Stocks
short
Wrapping:
Production
short
Stocks
short
Fine:
Production
short
Stocks
short
Total, all grades (including newsprint):
Production
short
Stocks
short
Exports (total printing)
short




tons..
tons..

97,318
38,882

89,265

tons..
tons..

209,473
57,434

198,031

tons..
tons..

82,703
48,123

77,813

tons..
tons..

34,946
38,822

tons..
tons..
tons..

664,553
253,966
2,056

38,043

62,901

48,421
32,377
39,772
614,364
262,734
2,384

501,817 3,885,454
274,738
17,146
1,513

4,983,078

23,230

97
115
10

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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

INDEX NUMBERS.

Percentage

Percentin-

CUMULATIVE TOTAL

Janu-

February,
1928

Correspond-

FROM JULY 1
THROUGH
LATEST MONTH.

anuary
or February, 1922. 1921-22

or decrease

BASE
YEAR
OR

cumulative

PERIOD.

1923

1922

or decrease

1922-28

1922-23
from
.921-22.

699,538

1,163,527

+ 66.3

11919

75

84

141

408,178

478,217

+ 17.2

1919

90

100

105

fcfc

Jan.

Feb.

136

144

137

+
-

4.8
0.6
1.3

112

129

103

-

20.1

Jan. I Feb. Nov. Dec.

from
Jan.

P A P E R AND PRINTING-Continiied.
Paper Boxes.
Corrugated board:
Production (Container
Club)
thous. of sq. ft..
Production (Nat'l Assn.)..thous. of sq. ft..
Machinery activity
per cent of normal..
Solid fiber board:
Production (Container
Club)
thous. of sq. ft..
Production (Nat'l Assn.). .thous. of sq. ft.
Machinery activity... .per cent of normal.
Folding boxes:
Production
per cent of capacity.
New orders
per cent of capacity.

153,402

146,006

89,893

141,341

142,174

31,064

76

75

55

66,729

52,542

50,606

29,667

36,151

11,130

+ 21.9

75

-

14.8
16.6

66.3

55.5

54.3

1921

100

-

58.0

70.1

68.5

1921

100

+ 20.7

92.0

61.6

1921

183

139

136

190

208

• 1922

71

91

126

111

105

Other paper products.
Labels, new orders
per cent of capacity.
Rope paper sacks:
Shipments
index number.
Abrasive paper and cloth:
Domestic sales.
reams.
Foreign sales
reams

92,815

87,804

59,418

424,569

8,956

10,352

5,461

38,316

635,438 + 49.7
85,795 +123.9

87

1919

- 5.4
+ 15.6

112
175

1919

+ 15.4

Printing.
Activity, weighted
index
Paper purchases, quantities.. .index
Paper purchases, value
index
Sales
index

number.
number.
number.
number.

RUBBER.
Crude:
Consumption by tire mfrs.. .thous. of lbs.
Wholesale price, Para, N. Y.dolls, perlb.
Tires:
ProductionPneumatic
thousands.
Solid
thousands.
Inner tubes
thousands.
Domestic shipmentsPneumatic
thousands.
Solid
thousandsInner tubes
thousands.
Stocks, end of m o n t h Pneumatic
thousands.
Solid
thousands..
Inner tubes
thousands..

Sept.,192C

85

1918

104

1918

34,186

34,235
.307

18,467

.272

3,127

3,218

2,084

17,207

246,766

83

75

39

338

22,297

168,738

246,766

91

1918

150

133

1921

118

103

24

20

160
27

161

1913

+46.2
+29.6
+90.8

1921

113

115

150

146

172

177

1921

114

112

243

218

236

213

1921

104 j 115

171

151

175

+
179 +

+36.9
+42.7
+44.4

1921

|j

84

82 I

125

154

157

136

1921

j

76

84 i

140

147

138

144

1921

I

82

74

134

167

164

131

111 |

118

109

111

124

79

79

102

106

114

117

134 j

136

125

128

148

156

149

162

184

76

73

81

+46.2 !

.163

191 I + 0.1
38 + 12.9

3,952

4,

2,597

22,707 |

2,994

2,589

1,562

15,857

21,713

61

37

363

518

3,749

63
3,002

1,703

19,725

28,482

4,696

5,224

4,691

1921

262

270

183

1921

!|

5,838

6,772

6,142

1921

11 115

254,415

109,171

980,278

1,776,414 j!+ 81.2

1919

21,354

13,195

91,235

169,392 | | + 85.7

1919

240,040 !+ 73.1
257,715 + 176.4

1920

130

129

1920

70

70

14,419

40,731 1+182.5

1920

108

28

33,779 I

60,398 |:+ 78.8

1920

37

37

80

73

111

4,953

6,787 !-h 37.0

1920

35

31

72

61

63

56

56

84

72

76

82 +

645

2.9
9.6
2.2

+ 13.5
+ 3.3
- 19.9
+1 1.2
+ 3.1
+ 16.0

AUTOMOBILES.
Production:
Passenger cars
number.. 3 223,706
Trucks
number.. 3 19,376
Shipments:
35,228
B y railroad
carloads..
30,027
Driveaways
number of machines..
728
By boat
number of machines.
Internal revenue taxes collected oh:
Passenger automobiles and
motorcycles
thous. of dolls.
7,732
Automobile trucks and
799
wagons
thous. of dolls.
Automobile accessories and
parts
thous. of dolls..
3,243

35,700

19,636

138,649 I

42,700

10,173

93,243 |

900

180

5,887

2,606

710

397

+ 1.3
77 I 109 + 42.2
15 I 19 + 23.6

168 i 171

- 23.9
- 11.1

i

3,476

i Six months' average, July to December, inclusive.




+ 13.7
+ 10.2

2,385

28,739 \

3 Revised.

27,331

-

4.9

1920

41 |

« Twelve months' average July, 1921, to June, 1922,

7.2

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 detailed tables covering other items, sec
the last quarterly issue of the SURVEY (NO.
18).

(+)

CUMULATIVE TOTAL

January,
1928

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or Febru! ary, 1922. 1921-22 I 1922-23

February,
1923

INDEX NUMBERS.

Percentage
increase

or decrease

(-)
cumulative

BASE
YEAR
OR

1922

Percentage
increase

1923

or decrease

PERIOD.

1922-23
from
1921-22.

Fcb'.
from
Jan.

Feb.

Jan. I Feb. Nov. ] Dec. Jan.

GLASS AND OPTICAL GOODS.
Bottles, production
index number.
Illuminating glassware:
Net orders
per ct. of capacity..
Actual production
per ct. of capacity.. i
Shipments billed
per ct. of capacity.. I
Spectacle frames and mountings:
j
Sales (shipments;
index number.
Unfilled orders (value)
index number.
I
BUILDING AND CONSTRUCTION.
Building Costs.
Building materials:
Frame house
Brick house
Building costs
Concrete factory costs

index
index
index
index

1910

19. l
51. 5
52.3

40.0

•• 1 9 2 1

42.0

-1921
"-1921

109
116
98

134 i
99 11 169 135
121 j| 160 ! 156 142 I
117 I1 153 I 165 146 j
!

1913
1919

169
41

233
45

378 327
73 ! 64

334

1913
1913
1913
1914

174
179
169
152

169
174
162
152

190

195 198
199 201
197 i 205
192 197

100

122
70
50
143
114
276
155

35.0

I

number..
number..
number..
number..

201
193
192

192
198
192
192

351 }+

93

5.1
22.4

1.5
1.0
4.1
2.6

Construction and Losses.
Building volume
index number..
Contracts awarded, floor space:
Business buildings
thous. of sq. ft..
6,264
5, 870
Industrial buildings
thous. of sq. ft..
5,096 I
2,417
4,410
Residential buildings
thous. of sq. ft..
22,668 1
16,490
24,586
Educational buildings
thous. of sq. ft..
3,992 j
2,325
2,153
Hospitals and institutions.thous. of sq. ft..
692 I
995
480
Public buildings
thous. of sq. ft..
no |
92
200
Social and recreational
lj
buildings
thous. of sq. ft..
787
814 !
1 , 3 5 4 I!
Religious and memorial
buildings
thous. of sq. ft..
633 ]|
629
395 ;
Grand total
thous. of sq. ft..
38,947 j
41,611 j| 30,061
Contracts awarded, value:
39,240
30,999
Business buildings
thous. of dolls..
30,975 |
10,733
27, 518
Industrial buildings
thous. of dolls..
21,944 !
75,728
Residential buildings
thous. of dolls.. 111,730 | 101,040
13,110
Educational buildings
thous. of dolls..
22,108
13,906
7, 749
Hospitals and institutions .thous. of dolls..
4,949
2, Kio
705
Public buildings
thous. of dolls..
1,557
794
Public works and utilities, .thous. of dolls..
30.1X5 j: 21,193
25,929
Social and recreational
•:», 622
buildings
thous. of dolls..
3,941
8,693 |
Religious and memorial
2,696
3,345 ! 4,882
buildings
thous. of dolls.
217,333 229,938 I 177,473
thous. of dolls.
Grand total..
36,615
42,771 I 29,304
thous. of dolls.
Fire losses
Lumber.
Southern pine:*
462,571
400,113
Production
M ft. b. m.
Stocks, end of month
M ft. b. m. 1,146,677 ,118,834
50.78 |
50.80
Price," B " and better.dolls, per Mft. b. m.
Douglas fir:
Production (computed)
Mft. b. m . . | 424,242 | 403, .561
.Shipments (computed)
M ft. h. m . . | 503,701 I 480,289
Price, No. 1 common, .dolls, per M ft. b. m.. j 19.500 : 19.500
California redwood:
i
Production
Mft. b. m..j 37,004 j 43,896
Shipments
M ft. b. m . . j 42,799 | 52,740
Orders received
Mft. b. m..j 67,422 ! 59,658
California white pine:
!
Production
M ft. b. m . .
Shipments
Mft. b. m..!
Stocks
Mft. b. m..j.
- Twelve months' average, May, 1921, to April, 1922,




1913
48,991
24,116
154,737
27,331
8,141
1,816
10,451

i

|
j
I
|
!

57,571

17.5
-i-107.6
197,940 4- 27.9
29,771 + 8.9
7,522 - 7 . 6
1,839
1.3
50,066

10,286

6,418
2*2,513

362,912 ! + 28.5

256,394

277, S66 |j +

116,814

251,284 * + 115.1

668,411

877,416 | + 31.3

163,884

174, 719 : +

6. 6

54,108

55,477 ||+

2.5

12,100

24,925 1+106.0

256,412

329,348 |+ 28.4

7,362

00,122

62,220

43,937
1,636,500

I S 101
2,103,568

235,696

297,416

3,143,084

3,519,738

+ 14.7

8.4

1919
1919
1919
1919
1919
1919

24
90
104
198
100

68
19
82
121
270
53

1919

72

62

1919
1919

102
65

142
64

223
101

84
S3

1919
1919
1919
1919
1919
1919
1919

70
46
107
121
164
84
45

116
25
107
132
237
63
51

S9
68
173
131
305
156
<»!

45
170
143
105
171

.-,7

1919
9.5
28.5

62
33
124
122
116
113

64
35
122
112
130
116

26

64

105 -

16.7

76
40
112
208
188
64

20.0
+ 15.6
- 7 . 8
+ 85.4
+ 44.2
-

45.0

+ 66.3
143 + 60.3
89 + 6.S
92
64
143
222
152

92
51
158
140
87
139
62

+

0.1

+ 25.4
-

9.6
59.0

+ 73.3
-

49.0

i *l 35
84
100
212

S6
101
163

105
93
214

95
89
216

109
84
220

94 82 221

13.5

104
123
212

122
156
212

116 149
212

4.9

136

136
110
212

100
119
139

87
131
135

176
182
204

fU

QQ

188
179

150
235

39
76
143

18
75
142

161
184
184

174
180

191
114

172

156
83
131

1917
1917
1913

94
85
182

88
88
189

1917
1917
1913

100
102
125

116

107

1918
1918
1918
1918
1918
1918

1919
1919
1919

108

+ 24.1
+

5.8
16.8

il
!l

i

j! 373,626

4- 12.0

|ll, 200,704
i

45.53
403,802

2.781,901

3,578,644

346,500

2,605,340

3, 399,952

+ 28.6
+ 30.5

12.500 j
;!

32,648 j

326,239 j

390,345

!'

37,536 |

272,653

372,934

ji

38,841 j

292,540

+ 19.7
+ 36.8
425,532 + 45.5

2.4
0.0

0.0

117 + 18.6
185 + 23.2
208 + 11.5

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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

INDEX NUMBERS.

Percentage
increase

Percentage

CUMULATIVE TOTAL

January,
1928

February,

crease

or decrease

BASE
YEAR
OR

cumulative
1922-23
from
1921-22.

PERIOD.

+ 47.2
- 3.2

1917
1917
1917

26
32
56

18
34
51

25
49
47

- 23.3
- 10.7
+ 4.3

110,660 + 48.9
118,924 + 33.7

1917
1917
1017

54
35
66

46
28
58

44
43
49

14.2
20.9
0.9

993,952 + 78.5
556,908
715,440 1,024,382 + 43.2

1917
1917
1920

32
75
110

38
81
103

134
96
113

10.5
14.6
12.9

313,159
291,466

405,461 + 29.5
438,014 + 50.3

1919

124
100

149
128

161
185

0.3
13.5

254,875
264,612

340,647 + 33.7
419,347 + 58.5

1920

56
57

46
51

66
105

48
83

86
99

- 3.0
- 13.8

70,658
74,638

97,518 + 38.0
103,271 + 38.4

1920

63
93

54
74

78
159

45
96

94
135

+ 7.2
+ 26.4

+ 48.9
+ 27.2

1913

55
38

35
33

48
77

53
56

71
59

- 16.1
- 11.3

+ 60.8
+ 53.8
2.4
949,842 -

111
102
83

94
75
71

81
164
65

107
145
65

148
149
73

+ 4.6
- 23.7
+ 1.4

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

1923

ordecreaie
Jan. Feb. Nov. Dec.

Jan. Feb.

from
Jan.

BUILDING AND CONSTRUCTIONContinued.
Lumber—Continued.
Michigan softwood:*
7,243
Production
M ft. b. m.
6,537
Shipments
Mft. b. m.
46,418
Stocks, end of month
M ft. b. m.
Michigan hardwood:*
18,129
Production
Mft. b. m.
17,200
Shipments
Mft. b. m.
107,124
Stocks, end of month
M ft. b. m;
Western pine:*
Production
Mft. b. m. 3 64,093
Shipments
M ft. b. m. 3 128,711
830,534
Stocks, end of month
M ft. b. m.
North Carolina pine:
40,950
Production
Mft. b. m.
43,120
Shipments
Mft. b. m.
Northern pine:
Lumber—
34,736
Production
M ft. b. m.
49,728
Shipments
Mft. b. m.
Lath9,025
Production
Mft. b. m.
8,579
Shipments
Mft. b. m.
Northern hemlock:
26,614
Production
M ft.-b. m.
21,535
Shipments
M-ft. b. m.
Northern hardwood:
42,003
Production
Mft. b. m.
37,771
Shipments
Mft. b. m.
130,772
Exports, planks, scantling, joists. .M ft. b. m.
Composite lumber prices:
48.23
Hardwoods
dolls, per M ft. b. m.
36.12
Softwoods
dolls, per Mft. b. m.

•Revised.




3,117
6,083

48,436

54,605

15,552

12,787

13,600

8,647

106,114

129,070

57,371

41,793

109,860

89,272

723,787

907,712

41,090

50,890

48,930

41,090

33,702

18,612

42,883

25,565

9,671

5,160

10,845

4,717

22,320

13,368

19,109

11,931

43,938
28,823

42,360
67,656

74,335
88,944

62,368
65,505

1919

1920

1920

127,998
165,077

210,002

23,660

139,456

224,276

1913

19,059

198,126

304,642

1913

132,544

125,973

972,903

48.52

38.99

1921

36.12

27.58

1920

27,473
24,162
30,137
25,447
50,398

24,421
25,031
33,458
25,301
56,936

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

130,765
135,487
136,988

204,206 + 56.2
206,289 + 52.3
210,087 + 53.4

1913
1913
1913
1913
1913

289
249
223
305
293

259
274
263
321
288

402
440
480
213
486

352
408
392
236
564

412
402
494
283
695

366
417
548
281
785

- 11.1
+ 3.6
+ 11.0
- 0.6
+ 13.0

13,929
13,269
24,481
25,023
36,084

11,333
11,354
16,033
25,539
40,200

9,274
7,947
8,105
34,248
11,818

77,860
74,483
78,661

101,106 + 29.9
102,301 + 37.3
113,151 + 43.8

1919
1919
1919
1919
1919

110
72
50
216
32

92
67
57
222
31

127
110
80
155
54

136
108
102
163
58

139
112
173
162
94

113
96
113
165
105

+
+

thousands.
thousands.
thousands.
thousands.
thousands.

64,804
57,569
163,977
64,883
75,421

66,075
53,222
163,426
67,164
88,713

34,683
30,043
146,911
35,941
30,357

233,873
227,288

434,991 + 86.0
426,634 + 87.7

221,728

455,990 +105.7

1919
1919
1919
1919
1919

59
62
100
61
25

68
59
106
70
32

111
107
112
105
76

106
108
112
99
72

138
114
118
126
80

111
105
118
131
95

- 13.5
- 7.6
- 0.3
+ 3.5
+ 17.6

thousands.
thousands.
thousands.

14,308
14,281
46,174

14,544
14,418
45,492

6,663
7,263
35,743

37,440
43,703

105,990 +183.1
99,748 + 128.2

1919
1919
1919

47
59

47
52
86

99
81
101

97
78
108

102
102
111

103

+

1.6

-

1.5

Flooring.
Oak flooring:
Production
M ft. b. m.
Shipments
Mft.b.m.
Orders booked
Mft.b.m.
Stocks, end of month
M ft. b. m.
Unfilled orders, end of month..M ft. b. m.
Maple flooring:
Production
Mft.b.m.
Shipments
Mft.b.m.
Orders booked
Mft.b.m.
Stocks, end of month
M ft. b. m.
Unfilled orders, end of month..M ft. b. m.
Brick.
Clay fire brick:
Production
Shipments
Stocks, end of month
New orders
Unfilled orders
Silica brick:
Production
Shipments
Stocks, end of month

5,556
5,839

190,585

1913

1909-13

92.6 92.2 108.4 109.0 115.4 116.2 +
55.2 56.2 69.1 69.3 70.8
+

87

0.6
2.8

18.6
14.4
34.5
2.1
11.4

103
109

33
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 detailed tables covering other items, see
the last quarterly issue of the SUKVEY (NO.
18).

CUMULATIVE TOTAL

Janu-

Febru-

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

(+)

or decrease
(-)
cumulative
1922-23
from
1921-22.

BASE
YEAR
OR
PERIOD.

+ 27.8

1919

Percentage
increase

1923

1922

(+)

or decrease
from
Jan.

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

BUILDING AND CONSTRUCTION—Con.
Brick—Continued.
Face brick (32 identical plants):*
Production
thousands.
Stocks, in sheds and kilns
thousands.
Unfilled orders
thousands.
Shipments
thousands.
Prices:
Common red, New York.. dolls, per thous.
Common salmon, Chicago, dolls, per thous.

20,149
64,877
41,087
19,087

16,012
70,751
51,296
13,660

10,495
71,800
21,040
9,130

20.00

20.00
8.73

16.75
8.38

8,085
5,963
13,592
1.75

4,278
3,285
14,142
1.50

64,394

82,741

61,192

79,916

6,272
4,725

3,308
2,689

30,055

42,811

2,140

23,155

85,703
40,530
133,198

82,912
40,124
129,847

52,575
56,759
49,134

414,500

91,116
60,535
170,693

83,469
56,543
156,033

70,654
101,566
68,414

116,539
59,580
195,984

99,085
59,806
167,607

73,660
129,505
71,434

53,255
57,616
93,427

44,766
49,367
75,431

35,446
80,742
35,240
535

8.77

143,550

73
213
53
46

67
211
76
65

151
161
105
145

149
182
96
110

129
191
149
137

1913

232
170

255
170

225
176

266
177

305
178

+ 28.5
+ 30.6

1913
1913
1913
1913

56
40
119
148

56
44
126
148

148
138
47
173

113
66
81
171

100
73
102
158

+ 4.9
+ 10.0
+ 18.5
+ 9.4

+ 42.4
+ 28.5

1919
1919

60

29,765

74
78

79
81

84
90

62

+ 112.2
+120.8

626,497

+ 51.1

1919
1919
1919

140
127
84

152
135
70

217
79
128

229
82
137

248

240

96

95

1919
1919
1919

138
73
109

154
73

197
43
148

1919
1919
1919

135
103
96

135
103
81

137
104
130

183,468

1919
1919
107,881

159,983

+ 48.3

6 1920
1913

-

20.5

+ 9.1
+ 24.8
- 28.4
0.0

305
177

Cement.
Production....
thous. of bbls.
Shipments
thous. of bbls.
Stocks, end of month
thous. of bbls.
Price, Portland
dolls, per bbl.
Concrete paving contracts:
Total
thous. of sq. yds.
Roads
thous. of sq. yds.

7,704
5,419
«11,470
1.60
2,956

Sanitary Ware.
Baths, enamel:
Orders shipped
number.
Stocks
number.
Orders received
number.
Lavatories, enamel:
Orders shipped
number.
Stocks
number.
Orders received
number.
Sinks, enamel:
Orders shipped
number.
Stocks
number.
Orders received
number.
Miscellaneous enamel:
Orders shipped
number.
Stocks
number.
Orders received
number.
Sanitary pottery:
Orders received.. .number pieces per kiln.

1,280

+ 87.7

419,071
495,822

710,283

+ 43.3

524,795

963,006

+ 83.5

580,695

786,249

+ 35.4

191

186 -

3.3
1.0
2.5

200
43
169

199
43
232

182 40 212 -

8.4
6.6
8.6

177
49
158

52
151

214
47
223

182 - 15.0
48 + 0.4
190 - 14.5

125
101
84

149
63
150

167
70
156

188
72
223

158 - 15.9
62 - 14.3
180 - 19.3

165

160

298

586,778

1,078,406

+ 83.8

284,956

361,726

+ 26.9

300,990

524,644

+ 74.3

1919
1919
1919

2,017

5,562

+ 175.8

1919

124

52

86
86
82

82
82

93

99

87
103
71

73

124
100

111
85

79 i 79
113 | 145
113
94 ! 100
121 I 141

79
142
110
100
134

HIDES AND LEATHER.
Hides.
Stocks, end of month:
Total hides and skins
Cattle hides
Calf and kip skins
Sheep and lamb skins
Prices:
Green salted, packer's heavy
native steers
Calfskins, country No. 1

thous. of lbs..
thous. of lbs..
thous. of lbs..
thous. of lbs..

375,099
309,964
42,164
22,971

401,165
330,260
48,259
22,646

355,134
277,160
45,362
32,612

1921
1921
1921
1921

dolls, per lb..
dolls, per lb..

.200
.163

.199

.160
.138

1913
1913

.167

Leather.
Production:
Sole
thous. of backs, bends, and sides..
1,654
1,454
Skivers
doz.. » 36,416
37,445
Oak and union harness
stuffed sides.. * 144,213 '139,858
Finished sole and belting... .thous. of lbs..
28,256
25,496
Finished upper
thous. of sq. ft..
84,021
78,209

1,466

24,200
70,296

12,936

12,012

215,050

202,846

555,463

615,871

- 5.7
+ 10.9

1919
1919
1919
1921
1921

90
126
63
107
129

78

+ "-I
+ 6.5
+ 14.5
1.4

109

86 I

157
121
110
145

108 88 +

0.5
2.4

77
12.1
161 + 2.8
117
3.0
99
9.8
135
6.9

> Revised.
Ten months' average, March to December.
Not exactly comparable with monthly figures prior to July, 1922. The index numbers have been computed by chain relatives and take account of the percentage
variation rather than the absolute variation in the figures, and hence show the trend of th« movement irrespective of the change in the number of firms reporting.
6
T




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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

February,
1923

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
1 ing
month,
1 January
or Febru1922-23
ary, 1922. 1921-22

Percentage
increase

( }

t

CUMULATIVE TOTAL

Janu-

INDEX NUMBERS.

Percentage
increase
or decrease

(-)
cumulative

BASE
YEAR
OR
PERIOD.

1923

1922

(+)

or decrease

1922-23
from
1921-22.

Jan. Feb.

Nov.

Dec.

Jan.

from
Jan.

Feb.

j
HIDES AND LEATHER—Continued.

I

Leather—Continued.
Stocks, end of month:
Sole and belting
Upper

thous. of lbs..
.thons. of sq. ft..

Stocks, in process of tanning:
Sole and belting
thous. of lbs..
Upper
thous. of sq. ft..
Exports:
Sole
thous. of lbs..
Upper
thous. of sq. ft..
Prices:
Sole, hemlock,middle No. 1. .dolls, per lb..
Chrome calf, " B " grades.. dolls, per sq. ft..

168,012

164.270

204,471 J

1921

ji 103

392,951

390.357

431,704

1921

i|

106,960

111,239

103,311

1921

160,941

164,878

181,885

1921

j|

106

87 !

2.2

100 102

93 !

0-7

95

96

932

1,796

1,036

10,057

7,021

4,992

5, 595

36,671 !

.350

.350

.3.50 ' . . .

1913

121

124

.450

.450

.465 : . . .

1913

173

173

518

438

314

2,419

3,929

928

815

524

4,0.50

6,760

30.558

29;591

24, 551

478

5J8

390

6.55

6.5.3

6.75

1913

4.85

4. S5

4.85

4.2.5

4.25

4.75

9,511
47,263

100

5.4 I

1913

40 j

24

+ 28.9 I

1913

63 i

86

~

100

109 111

124

+
+

4.0
2.4

+ 92.7
28.9

.56 124

124

167

167

0.0
0.0

Leather Products.
Belting sales:
Quantity
thous. of lbs..
Amount
thous. of dolls..
Boots and shoes:
Production
thous. of pairs..
Exports
thous. of pairs..
Wholesale pricesMen's black calf, blucher.dolls.per pair..
Men's dress welt,
tan calf, St. Louis
dolls, per pair..
Women's black kid, Goodyear
welt, St. Louis
dolls, per pair..

+ 62.4
+ 66.9

227,094
4,023

3,836 I -

4.6

73

- 15.4
- 12.2

1919

44

1919

38

66
61

58

1919

89

109

101

1913

46

60

63

57

65

3.2
+ 14.6

217

217

204

204

210

210

0.0

1913

1.53

153

153

153

153

0.0

1913

158

158

142

142

142

142

0.0

114
122

64

107 i -

CHEMICALS.
Production:
Acetate of lime
thous. of lbs..
Wood alcohol
galls..
Consumption, wood, carbonized
cords..
Stocks, wood, at chemical plants
cords..
Exports:
Sulphuric acid
thous. of lbs..
Dyes and dyestulYs
thous. of dolls..
Total fertilizer
long tons..
Price index numbers:
Crude drugs
ind^x number..
Essential oils
index number..
Drugs and Pharmaceuticals.index number.
Chemicals
weighted index number..
Price, sulphuric acid 66° N.Y .dolls, per 100 lbs..
NAVAL STORES.
Turpentine:
Net receipts
Stocks
Rosin:
Net receipts
Stocks

barrels..
barrels..
barrels..
barrels..

45,182

13,894

16,544
933,171
104,180
833,767

773,179

457,656

85,105

49,465

807, 782

936,859

956

4X9 i

400
6S, 66K

516 i

626
33*

2,518,917
271,120 !

102,417

1920
1920

+ 134.9

1920
1920

636,990

66 ij 127

138

136

72 |j 132

148

147

65

65 ji 126

135

137

103

111 I: 109

104

74

1909-13

119

:{.623

I;
|; -

6.6

1909-13

J2.271

o7S.2.V2

+

1.4

1909-13 ;

6,357 j

4,8NN | : - 2 3 . 1

3,*80
571,519 .

72,424 '

+ 126.7

5,670,801 1+125.1

65

84 | 87

156

,167 11,670 11,772
50 |j 89 64

1,383

102 !

-

16.0
17.1
18.3
I - 3.1

71-54.1
1..784 |+ 29.0

60

70 ij-f

5.5

|i
1914
1914
1914
1913
.70 !

10,326

.70

. 8 0 I.

5,914 ;;

3,240

38,758 i

29,238 j;

33,204

67,967

46,644 i,

(

333,957 i 282,610 !;

38,533

1913

180,655

190,560 !,+

5.5

651,417

715,802 jj+

9.S

;:

21 || 174

163

I 172 I 107 ! 129

144

1919-20 •; 46
1919-20

299,305;

|j 134 139 || 196 j 204208
11 136 136 s| 121 I 123 124
115 j; 131 I 137 135
!; 117
148 ij 160 j 164 173
!; 144
80 ij 70 | 70 70
: SO
ii
I

239 j | + 14.9
+

0.8

] 132 i:+

125

2.2

I 176 |j+
70 j!

1.7
0.0

39 j - 42.7
125

94 1 - 2 4 . 6

1919-20

109

69 ij 189

199

122 j

83

-

31.4

1919-20

171

156 !| 183

182

176 ! 147

-

16.6

FATS AND OILS.
Total vegetable oils:
Exports
Oleomargarine:
Consumption




thous. of lbs..

9,218 !
j

6,619

9,825

78,249 i

56,209

- 28.2

1913

j| 42

thous. of lbs..

20,633 !

19,722

12,195

134,201 |

139,147

+ 3.7

1913

I} 142

34 !
I
103

47
167

42 j
168

32
174

23 , - 2 8 . 2
166

—

4.4

35
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

CUMULATIVE TOTAL

January,
1923

February,
1923

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

(+)

or decrease
(-)
cumulative

BASE
YEAR
OR
PERIOD.

1922-23
from
1921-22.

Percentage
increase

1923

1922

(+)
or decrease

Jan.

(-),
Feb.
from
Jan.

Feb. Nov. Dec. Jan. Feb.

FATS AND OILS—Continued.
Cottonseed.
Cottonseed stocks
Cottonseed oil:
Stocks
Production
Price, New York

short tons..

527,839

thous. of lbs..
thous. of lbs..
dolls, per l b . .

92,129

83,, 667

68,996

145,292

100,403

90,735

.108

.109

.101

469

257

204

3,623

4,190

136

43

66

3,161

3,407

123

58

120

1,267

977

365

35

65

4,113

3,181

302,831

254,015

838,620

867,386

+ 3.4

1919

81

50

167

1919

101
94
118

72
82
139

120

111

96

87

-9.2

166

127

132

91

- 30.9

130

134

149

150

1919
1913

153

103

59' - 42.6

+

0.9

Flaxseed.
Receipts:
Minneapolis
thous. of bushs..
Duluth
thous. of bushs..
Shipments:
Minneapolis
thous. of bushs..
Duluth
thous. of bushs..
Stocks:
Minneapolis
thous. of bushs..
Duluth
thous. of bushs..
Linseed oil:
Shipments from Minneapolis, thous. of lbs..
Linseed-oil cake:
Shipments from Minneapolis, thous. of lbs..

+ 15.7
+ 7.8

1913
1913

32
11

22
6

- 22.9
- 22.7

1913

103

- 52.8

14

77
6

117

1913

86

- 90.4

64

- 45.2

90

- 68.4

6

136

1913

40

131

1913

73
5

58
5

24
25

- 42.9

10,051

8,404

6,648

62.431

73,694

+ 18.0

1913

42

44

72

- 16.4

17,371

13,407

15,356

120,831

107,658

- 10.9

1913

52

51

52

- 22.8

222,132

173,701

- 21.8

1913

126

1913

235

1919

55

1919

57

92
210
72
58

- 50.0

FOODSTUFFS.
Wheat.
Exports, including flour thous. of bushs..
Visible supply
thous. of bushs..
Receipts, principal markets...thous. of bushs..
Shipments, principal markets.thous. of bushs..
Wheat flour:
Production
thous. of bbls..
Consumption
.thous. of bbls..
Stocks
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..

12,519

12,197

10,991

140,760

135,697

107,791

37,615

21,618

22,700

323,320

18,936

10, 740

11,536

202,223

9,495
8,991
7,300

79,770

83,323

68,300

72,605

10,137
9,326
7,400

353.270

+ 9.3
211,871
4.8
4.5
+ 6.3

1914

98

1919

110

1919

77

148

138

105

102

- 2.6

248

266

274

264

-3.6

135

144

119

69

137

122

95

95
97
80

138

114

104

144

135
82

114

96

1.199

1.244

1.400

1913

141

1.360

1.382

1913

121

153
140

134

1.258
6. 630

6.713

7.975

153

174

146

5. .569

5.569

H. 700

1.53

174

14S

1913

460

527

183

1913

533

1919

362
347

389

153
160

1919

332

360

1913

123

142

161
153

1913

77

91

116

129

- 42.5
54 - 43.3

78

+ 3.8
8.1

131

136

128

138 +

117

175

211

217

263

356

250

250

209

15S

255

109

132

134

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

7,388
22,133
37.55S
22,521
5. 530

22,254
29,877

44, 767

31,287

58,330

16,533

31, 842

5,336

5.946

.737

114,271
283.713
180,221
45,928

75,749
248,364
157, 376
45,611

12. 5
12.7
0.7

.572

+ 20.4

35.0
- 16.7
187 - 26.6
127 - 3.5

Other Grains.
Oats:
Receipts, principal
markets
thous. of bushs..
Visible supply
thous. of bushs..
Exports, including meal, .thous. of bushs..
Prices, contract grades,
Chicago
dolls, per bush..
Barley:
Receipts, principal
,
markets
thous. of bushs..
Exports
thous. of bushs. J
Price, fair to good, malting,
Chicago, , „ , , , . . . , , ,
dolls, per bush..




22,635

16,023

17,711

30, 861

27,683

70,470

497

966

436

.141

162,307
5,666

171.364

+ 5.6

21,242 +274.9

80

S7

113

101

109

1913

387

405

189

186

177

159

- 10.3

1913

17

14

111

30

10

32

+ 94.4

100

106

118

122

J22 + 3.6

26
32

45

107

47
52

42 j 28 - 32.3

1913
1913

101

108

110

.398

3,776

2,556

2,358

26,988

661

1,191

465

18,376

.049 j

,666

.633 i

30,743 + 13.9
15,393 - 16.2

- 29.2

1913

1913

45 ! 82 + 80.2
+

2.6

36
TREND OF BUSINESS MOVEMENTS-€ontinued.
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

CUMULATIVE TOTAL

January,
1923

February,
1923

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

(+)
or decrease
(-)
cumulative

BASE
YEAR
OR
PERIOD.

1922-23
from
1921-22.

Percentage
increase

1928

1922

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

from
Jan.

FOODSTUFFS—Continued.
Other Grains—Continued.
Rye:
Receipts, principal
markets
thous. of bushs.
Exports, including flour, .thous. of bushs.
Price, No. 2, Chicago
dods. per bush.

24,448
14,791

62,241 +154.6
39,514 +167.1

1913
1913
1913

98
745
127

123 605 550 555 367
780 3,538 2,442 2,229 3,854 + 72.9
136 140 137 136 - 0.9
156

375,236

325,599 - 13.2

1913
1919

176
129

170
131

172
136

129
130

118
121

141 + 19.2
106 - 12.7

7,012
676, 057

7,689 + 9.7
680,743 + 0.7

1919
1919

159
141

163
167

292
210

209
154

156
166

64 - 58.8
92 - 44.7

220,398

251,368 + 14.1

1919

73

131

171

164

136

121 - 11.2

165,329
10,087

354,202

241,352 - 31.9

1919
1919

185
75

204
128

247
127

287
109

281
151

251 - 10.7
106 - 29.6

3,870
6,257
13,481
1,398
9,659

3,090
4,682
13,181
1,022
6,928

82,221
159,515
14,699
48,469

91,312
154,511
19,398
48,518

+
+
+

11.1
3.1
32.0
0.1

1919
1919
1919
1919
1919

249
62
111
102
164

178
69
88
59
128

389
276
132
116
132

374
121
77

310
120
107
110
198

223
92
90
80
179

1,426
559
210
870

1,416
586
243
822

13,816
6,381
2,702
7,335

16,721
8,021
3,692
8,603

+
+
+
+

21.0
25.7
36.6
17.3

1919
1919
1919
1919

69
66
55
72

118
150
161
100

429,162
418,767
12,537

11,415

381,718
379,993
12,404

2,704,157 3,089,042 + 14.2
2,644,653 2,949,176 + 11.5
108,834
105,329 3.2

1913
1919
1913

98
74
91

134
93
107

124
88
79

125
94
92

84 - 8.9

114,113

102,811

73,781

1919

31

40

48

48

- 10.0

9.780
15.40
13.50

9.356
14.80
13.80

8.638
14.50
12.80

1913
1913
1913

96
119
90

102
112
97

123
120
107

124
120
106

115
119
103

110 - 4.3
114 - 3.9
105 + 2.2

5,306
1,887
66
3,395

4,490
1,669
64
2, 819

3,613
1,327
62
2,286

19.5
10.3
32.5
25.4

1919
1919
1919
1919

114
150
36
98

97
111
83
90

118
126
73
115

134
139
61
133

142
158

120
140
85
111

1913
1919
1913

172
156

123
141
168

146
201
152

183
257
190

239

200 - 16.5

60

67

50

68

82

92 + 12.4

118

99

98

94 - 4.2

114

125

7,176
3,455
.872

4,749
5,974
864

24,520
47,222

29,222
41,209

952
101,552

392
56,178

34,741

30,866

228,379
47,454

203,914
33,422

5,376
8,171
16,049
1,909
s 10,706

1,876
756
281
1,087

1,589
1,209
.992

Total G r a i n s .
Total grain exports,
including
flour
thous. of bushs.
Car loadings of grain and grain products .cars.
Other Crops.
Rice:
Receipts at mills
thous. of bbls.
Shipments, total from mills .thous. of lbs.
Shipments, through New
Orleans
thous. of lbs.
Stocks, end of m o n t h Domestic, at mills and
dealers
thous. of lbs.
Exports
thous. of lbs.
Apples:
Cold-storage holdings
thous. of bbls.
Car-lot shipments
carloads.
Potatoes, car-lot shipments
carloads.
Onions, car-lot shipments
carloads.
Citrus fruit, car-lot shipments
carloads.

35,355
51,199

99H
102,038

33,344 i

190

-

28.0
23.4
16.0
26.8
9.8

-

24.0
26.1
25.3
20.0

Cattle and Beef.
Cattle movement, primary markets:
Receipts
f.
thousands.
Shipments, total
thousands.
Shipments, stocker and feeder.thousands.
Slaughter
thousands.
Beef products:
Inspected slaughter
production
thous. of lbs.
Apparent consumption
thous. of lbs.
Exports
thous. of lbs.
Cold-storage holdings
(1st of following month).. .thous. of lbs.
Prices, Chicago:
Cattle, corn-fed
dolls, per 100 lbs.
Beef, fresh native steers.dolls, per 100lbs.
Beef, steer rounds, No. 2 .dolls, per 100 lbs.

111
85
67

91
85
64
95

Hogs a n d P o r k .
Hog movement, primary markets:
Receipts, primary markets
thousands.
Shipments, primary markets..thousands.
Shipments, stocker and feeder .thousands.
Slaughter
thousands.
Pork products:
Inspected slaughter
production
thous. of lbs.
Apparent consumption
thous. of lbs.
Exports
thous. of lbs.
Cold-storage holdings
(1st of following month).. .thous. of lbs.
Prices:
Hogs, heavy, Chicago.. .dolls, per 100 lbs.
Pork, loins, fresh,
Chicago
dolls, per 100 lbs.
a Revised.




26,761
10,206
283
16,506

31,982
11,256
375
20,692

+
+
+
+

907,645
585,633
196,139

163,745

695,020 3,786,555 4,624,341 + 22.1
482,083 3,296,155 3,917,466 + 18.8
138,055 1,082,035 1,147,458 + 6.0

745,190

837,636

608,747

1919

8.18

7.84

9.90

1913

15.50

15.60

16.90

1913

108

102

134

-

15.4
11.6
3.0
17.0

188

104

105 +

0.6

37
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NOTE.—Items marked with an asterisk (*)
have not been published previously in the
SUEVEY or are repeated for special reasons;
detailed tables covering back figures for these
items will be found at the end of this bulletin.
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

CorrespondJanuary,
1923

February.

month,
January
or February, 1922.

(+)

CUMULATIVE TOTAL
FROM JULY 1
THROUGH
LATEST MONTH.

1921-22

INDEX NUMBERS.

Perentaj
increase|

1922-23

ordecumulative
1922-23
from
1921-22.

BASE
YEAR
OE
PERIOD.

Percentage
increase

1922

(

v

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

FOODSTUFFS—Continued.
Sheep and Mutton.
Sheep movement, primary markets:
Receipts, primary markets
thousands.
Shipments, primary markets, .thousands.
Shipments, stocker and feeder.thousands.
Slaughter
thousands.
Lamb and mutton:
Inspected slaughter
production
thous. of lbs.
Cold-storage holdings
(1st of following month).. .thous. of lbs.
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs.
Sheep, lambs, Chicago.. .dolls, per 100 lbs.

729
171
897

1,366
646
169
708

42,574

1,400
656
169
761

16,903
8,510
2,894
8,360

37,515

285,471

15,985
8,606
3,569
7,361

- 5.4
+ 1.1
+ 23.3
- 12.0

1919
1919
1919
1919

101
121
131
84

-

1913

67

8.9

16.7
11.4
\- 21.1

81
71

34

I-

3.7

5,980

5,758

2,863

1919

6.950
14.175

6.719
14.613

6.094
14.175

1913
1913

112
156

130
182

137
180

133
191

148
182

thous. of lbs.

7,885

11,647

21,472

1919

78

124

79

55

45

+ 47.7

thous. of lbs.

3 40,032

26,519

37,621

1919

78

79

65

43 - 33.8

thous. of lbs.

43,735

23,619

15,010

1919

115

76

228

371

thous. of lbs.

121,632

113,475

88,710

1919

155

133

78

150

3.3
3.1

143
188

Fish.
Total catch, principal fishing
ports
Cold-storage holdings,
15th of mo

118,098

116,930

-

1.0

Poultry.
Receipts at five markets
Cold-storage holdings
(1st of following month)

213,118

256,981

20.6

119
183

j

Condensed and evaporated milk:
Exports
thous. of lbs.
Receipts at 5 markets:
Butter
thous. of lbs.
Cheese
thous. of lbs.
Eggs
thous. of cases..
Cold-storage holdings (1st of following month):
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, per lb.
Fluid milk:
ReceiptsBoston (including
cream)
thous. of qts.
Greater New York
thous. of cans.
ProductionMinneapolis
thous. of qts.




46.0

170 ; - 6.7

Dairy Products.

Sugar.
Raw:
Meltings, 7 ports
Stocks at refineries, end of
month
Refined:
Production
Sales
Stocks, end of month
Exports

j-

1919

409,031 + 9.5
135,044 + 22.8
6,961 + 4.7

1919
1919
1919

84
99
41

1916-1920
1916-1920
1916-1920

85
100

12,719

19,951

196,658

48,123
12,887
853

40,662
12,575
1,025

11,319
1,026

373,499
109,961
6,648

16,122
26,593
213

8,913
20,709
14

22,582
15,006
13

.506
.256

.492
.249

.375
.208

14,357
2,170

2,002

14,743
1,908

98,867
16,896

104,487 + 5.7
17,691 + 4.7

1919
1913

16,077

15,421

13,031

92,988

102,824

10.6

1919

•
long tons.

251,140

342,715

415,723

2,494,814

2,793,732

12.0

long tons.

80,617

124,164

163,817

short tons.
short tons.
short tons.
long tons.

294,652
582,103
186,578
4,718

29,438

60,390

»Revised^

14

- 53.5

91,497

10,239

28

1919
1919

352,255 [

188,473 I I - 46.5

90

18

+

24.2

105
79
72

- 15.5
77 - 2.4
+ 20.2

29
72

- 44.7
- 22.1
- 3.4

84

-

2.8
2.7

108
143

109
144

110
145

134 -

7.7

182

160

189

225

216 -

4.1

1919

128

95

77

105 + 36.5

1919

172

72

84

130 + 54.0

104

192

1909-19131|2,159 |2,045 ||

• Index less than 1.

132 I

90 |

160 J 997

+524.0

38
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.

INDEX NUMBERS.

Percentage
lucrease

Percentage
increase

CUMULATIVE TOTAL

Janu-

February,

192S

19&

Corresponding
month,
January
or February, 1922.

FROM JULY 1
THROUGH
MONTH.
LATEST

1921-22

1922-28

or decrease
cumulative
1922-23
from
1921-22.

BASE
YEAR
OR
1'KRIOD.

1AOO

19°°

(+)

or decrease

&

Jan. Feb.

Nov. Dec.

from
Jan.

Jan. Feb.

FOODSTUFFS-Continued.
Sugar—Continued.
Cane, domestic:
Receipts at New Orleans
long tons..
Production
. short tons..
Stocks, end of month
short tons..
Sales
. short tons..
Deliveries...
.. short tons..
Beet:
Production
short tons..
Stocks, end of month
short tons..
Sales
short tons..
Deliveries....
. .short tons..
Prices:
Wholesale, 96* centrifugal,
N.Y
dolls, p e r l b . .
Wholesale, refined, N . Y
dolls, per l b . .
Retail, average 51 cities . .index number..
Cuban movement:
Receipts at Cuban ports
long tons..
Exports
long tons..
Stocks
long tons..

33,899

1,506

2,895

106,620

129,931

+ 21.9

1913

50

18

234

283

209

9

-

95.6

38,014
29,450
56,902
55,471
5,241

257

419,167

307,557
146,989
111,867

68,449
63,854

.053
.067

.062
.073

— 95.1
-26.6

+ 114 7
+ 75.2

.038

1913

104

107

160

163

151

.049

1913

112

115

160

162

158

1913

113

116

147

151

151

+ 17.0
+ 9.0
158 + 4.6

1919

60

154

14

26

152

207

1919

37

61

59

31

95

146

1919

18

64

8

7

43

+ 36.0
+ 53.2
71 + 66.5

176

171

681,939
474,764
460,009

507,361

1,292,047

1,946,413

198,821

1,452,348

2,359,841

7,491
1,090

9,404

1913

70

67

65

63

1,453

1913

78
73

80

819

77

51

52

43

58

104

105

501,271
309,831
276,288

+ 50.6
+ 62.5

414,512

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

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

7,721
1,004

889

1,009

8,946

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

1,226

1,187

968

693

828

327

559
5,350

507

4,623

37,090
41,652

- 3.0
+ 33.1
93 - 11.5

7,606

- 15.0

1913

111

106

104

8,575

8,924

127

98

119

97

124

120

4,879

+ 4.1
+ 24.3

1913

3,925

1913

127

83

188

122

176

211

- 3.2
+ 19.5

447
3,126

4,406
33,044

4 854
39,715

+ 10.2
+ 20.2

1913
1913

70
286

71
241

108
349

89
273

89
413

80
357

— 9.3
- 13.6

32,611

32,456

263,586

279,688

+

1913

92

88

91

71

100

88

— 12.1

26,740
761,695
34,998

25,635

308,353

297,866

907,729
57,463

797,423

5,396,260

7,360,768

85
394

74,772

525,445

27.50

27.50

27.50

TOBACCO.
Consumption (tax-paid withdrawals):
Large cigars
millions..
Small cigarettes . .
.
...millions..
Manufactured tobacco and
snuff
thous. of lbs..
Exports:
Unmanufactured leaf
thous. of lbs..
Cigarettes
thousands..
Sales at loose-leaf warehouses
thous. of lbs..
Price, wholesale, Burley and good leaf,
dark red Louisville
dolls per 100 lbs .

6.1

- 3.4
+ 36.4
410,061 - 22.0

1909-1913

103

82

127

118

133

1913

405

413

443

439

470

1919

98

91

71

86

70

1913

208

208

208

208

208

- 35.8
- 16.1
43 - 39.1

208

0.0

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

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

775

360

2,523

4,544

198

208

357

483

425

277

1,882

2,736

1915

151

151

206

242

222

1,592

807

5,905

+ 80.1
+ 45.4
9,515 + 61.1

1915

407

1915

198

206

350

377

391

Vessels in Foreign Trade.
Entered in United States ports:
American
thous. of net tons..
Foreign
thous. of net tons .
Total
thous. of net tons..
Cleared from United States ports:
American
thous. of net tons..
Foreign
thous. of net tons..
Total
thous. of net tons..

2,021
2,799
4,821
1,873
2,678
4,552

1,527
2,352
3,878
1,587
2,526
4,113

1,832

20,115

21,617

167

156

272

209

172

130

20,669

23,742

1913

59

70

83

78

86

72

4,127

40,784

+ 7.5
+ 14.9
45,359 + 11.2

1913

2,295

1913

88

93

133

113

109

21,402

+ 7.1
+ 11.1
44,817 + 9.2

1913

164

148

276

171

150

127

23,413

1913

60

67

87

82

83

78

—

5 7

1913

89

90

139

107

102

92

—

9.6

1920

31.7

34.7

27.1

29.1

28.0
24.0

27.1

1920

25.3
22.9

1,856

19,978

2,169

21,074

4,025

41,054

— 24.4
16 0
87 - 19.6
— 15.3

Index of Ocean Freight Rates.
United States Atlantic t o United Kingdom..weighted index number.
All Europe
weighted index number.




24.4

21 8 — 13 8
21.1 - 7.9

39
TREND OF BUSINESS MOVEMENTS—Continued.
NUMERICAL DATA.
NoTE.—Items marked with an asterisk (*)
have not been published previously in the
SUBVEY or are repeated for special reasons:
detailed tables covering back figures for these
items will be found at the end of this bulletin.
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

(+)

CUMULATIVE TOTAL

January,
1923

Febru-

arY,
28

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

or decrease

(-)
cumulative

BASE
YEAR
OR

Percentage
increase

1923

1922

or decrease
(-)>
Feb.
from

PERIOD.

1922-23
from
1921-22.

Jan. Feb.

Nov. Dec. Jan.

Feb.

3

Jan.

TRANSPORTATION-RAIL.
Freight Cars.
Surplus (daily average last week of month):
Box
number..
Coal
number..
Total
number..
Shortage (daily average last week of month):
Box
number..
Coal
number..
Total
number..
Bad order cars, total (1st of following
month)
number..
Car loadings (weekly average):
Total
cars..
drain and grain products
cars..
Live stock
cars..
Coal
cars..
Forest products
cars..
Ore
cars..
Merchandise and miscellaneous
cars..
Freight carried
mills, of ton-miles..

6,976

2 739
4 845

95,361

1919

161

116

1

8

7,20S

97,634

1919

193

129

3

10

6 - 32.8

26,588

15 819

245.100 |

1919

175

129

3

14

8 - 40.5

- 60.7

I
26,815

33

857

373 !

1919

3

2

355

202

141

178 + 26.3

38,477

38,771

100 I

1919

1

870

916

923

+

73,269

80,633

599 j

1919

3

2 1,020
2
553

343

303

334

+ 10.1

209,471

215,552

334,628

1913

219

143

139

143

+ 2.9

847,363

848,269

768,741

1919

92

96

118

105

106

106

47,222

41,209

51,199

1919

129

131

136

130

121

222

0.8

+ 0.1
106 - 12.7

34,500

32,064

29,113

1919

99

88

118

102

105

193,085

185,492

190,126

1919

95

108

111

107

109

105 - 3 . 9

66,828

66,646

50,124

1919

86

ss

109

100

118

117 -

10,909

10,310

4,151

1919

12

11

25

29

480,989

497,505

486,143

1919

89

92

118

103

102

1913

99

104

139

132

138

37,668"

27,151

208,408

242,993

366,721

3 277,112

+ 16.6

97 -

7.1
0.3

28 - 5 . 5
105 ||+ 3.4

RAILROAD OPERATIONS.
Revenue:
Freight
Passengers
Total, operating
Operating expense
Net operating income
Pullman passengers carried

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

2,333,578

2,507,491

+

7.5

1913

157

166

220

206

207

91,103

3 83, 736

662,678

664,104

+

0.2

1913

146

128

147

171

15S

502,160

3 395,777

3,291,178

3,506,063

+

6.5

1913

157

205

201

197

408,815

3

2,577,757

2,788,525

+

S.2

1913

179 j I 225 223

225

29,632

550,356

484,429

-

12.0

1913

2,112

20,392

21,828

+

7.0

1913

3

60,874
2,689

337,632

2,313

102

SO ! 132
102

118 I

132 130

112

- 14.0

LABOR.
Number employed:
New York State
thousands..
Wisconsin
index number..
Total pay roll:
14,341
New York State
thous. of dolls..
Wisconsin
index number..
Av. weekly earnings,
i
Wisconsin
index number..!.
Unemployment, Pennsylvania
j
(1st of following month)
number. J 20,615
Employment agency operations:
;
Workers registered
number.. | 203,928
Jobs registered
number.. I 159,002
Workers placed
number.. I 126,777
Average applicants per job
number.. j
1.28
Immigration
number.. j 38,253
Emigration
number.. j 11,502

9

554

14,329

17,903

11,-563

1914

97

100

114

116

+

1.3

1915

96

97

116

120

121

125

+

3.3

191
195
168 ,185

237

243

241

241

-

0.1

251

245

+

6.9
3.4

1914

308,-540 |

9

1915

9

1915

10

1921

176

191

+

119

117

- 13.2

i

175,807

206,405

1,594,037

1,683,161

+

5.6

1921

86

102

104

101

87

-

13. S

167,866

108,163

909,959

1,583,187

+ 74.0

1921

86

93

161

123

136

144

+

5.6

127,965 |

82,513

742,304

1,217,487

+ 64.0

98

87

159

122

134

135

+

0.9

105 |

1.91

99

110

64

63

74

61

- 18.0

37,397 |

17,643

305,684

1921 11
1921 |j
1913 jj

19

15

56

37

32

31

-

8,006 |

14,423

254,635

•1913

31

28

34

37

23

1913

98

105

118

123

126

1913

95

108

105

104 i

432,247 + 41.4
141,058 - 4 4 . 6 j

||

2.2

PRICE INDEX NUMBERS.
Farm prices:
Crops (15th of month)
index
Livestock (15th of month), index
Wholesale prices:
Department of LaborFarm products
index
Food, etc
index
Cloths and clothing
index
Fuel and lighting
index
3




Revised.

number.
number.

3.2

130

106 107

0.9
i

number.
number.
number.
number.

1913

122

131

143

145

143

1913

131

135

143

144

141

142
141

1913

176
195

174

192

194

196

199 j+

1.5

191

218

216

218

212 -

2.S

1913

» First quarter of year.

» Nine months' average, April to December, inclu?ive.

-0.7
0.0

40
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 detailed tables covering other items, see
the last quarterly Bsue of the SURVEY (NO.
18).

Percentage
increase

INDEX NUMBERS.

Percentage
increase

CUMULATIVE TOTAL

January,
192S

February,
1923

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

or decrease
cumu- ,
lative

BASE
YEAR
OR

1922

1923

or decrease

PERIOD.

1922-23
from
1921-22.

Jan.

Feb.

FeV.
from
Jan.

Nov. Dec. Jan. Feb.

PRICE INDEX NUMBERS-Continued.
Wholesale prices—Continued.
Department of Labor—Continued.
Metals and metal
products

.

.

Building material
Chemicals and drugs
H ouse-furnishing
g<X>ds

influx n u n i n e r _ .

1913

112

110

133

131

133

index number..
index number

1913

157

156

185

185

188

124

123

127

130

131

+
+
132 +

4.5
2.1
0.8

139

192

1913
178

177

179

182

184

184

1913
1913

117

117

122

122

124

126

1913

138

141

156

156

156

+
157 +

0.0
1.6
0.6
0.6
3.7
1.6
2.3

index n u m b e r

Miscellaneous
index number..
A11 commodities
index number..
Fed. Reserve Board (Dept. Labor prices)—
Total raw products
index number
Agricultural
index number..
Animal

index n n r n b e r

1913

109

121

129

128

125

Forest

index n u m b e r

1913

167

166

207

210

215

+
123 220 +

number..
number..
number..
number .

1913

178

177

209

208

213

207

—

2.8

1913

123

118

136

135

136

141

+

1913

146

148

155

157

155

155

1913

138

141

156

156

156

157

+

3.7
0.0
0.6

Goods imported

index number. .

1913

110

110

137

138

139

Goods exported . .
All commodities
Dun's (1st of
following month)
Bradstreet's (1st of

1913

139

142

173

174

180

.

index number .
index number..

1913

142

146

164

164

165

+
+
166 +

5.0
3.9
0.6

..

index number..

1913

136

140

153

153

154

158

+

2.6

Mineral
index
Producers' goods
index
Consumers' goods
index
All commodities
index
Federal Reserve Board I n d e x -

1913

139

146

166

167

168

1913

130

140

160

161

164

167

170

146

187

following m o n t h ) - - , - , * - -index n u m b e r

1913

124

126

150

149

149

151

+

1.3

Retail prices, food
. .index number
Cost of living:
National Industrial Conference B o a r d Food
. . . .index number
Shelter
index number
Clothing
index number
Fuel and light
index number

1913

142

142

145

147

144

142

-

1.4

1914

150

142

145

147

144

142

-

1914

169

169

167

167

167

167

1914

156

156

160

178

177

1914

178

177

1S6
171

156
187
171

160
187
171

162

1914
1914

161

158

158

159

158

1913

168

165

157

155

1913

159

158

159

158

157
161

1913

170

167

165

166

167

1913

314

306

352

362

1913

286

283

306

315

387
324

Sundries

index n u m b e r

Foreign wholesale prices:
United KingdomBritish Board of Trade index number
London Economist
index number
U. S. Federal Res. Bd. .index number..
France—
TJ S Fed. Res. Bd

index number

1913

577

562

596

580

575

Swedpn

i n d e x nuTnber

1913

170

166

154

155

156

Switzerland

index n u m b e r

1914

176

171

169

170

175

CanadaCanadian Dept Labor index number

+

171
158

1.3
0.0
0.0
0.0

164

+
+
170 +

0.6
1.9
1.8

422 +
354 +
582 +
158 +
181 +

9.0
9.3
1.2
1.3
3.4

187

158

+ 0.6
+ 2.7
161 — 1.2

1913

168

169

164

165

165

166

index n u m b e r

1913

144

149

147

147

149

153

Australia

index number

1914

147

147

162

161

163

Tndifi (Calcutta)

index n u m b e r

1914

178

179

178

176

179

index number

1913

206

204

188

183

184

192

index n u m b e r

1913

191

185

172

173

176

183

TT S Fed Ttes Bd

1.4
0.0

Japan—
i fc B a n t of J a p a n
TT. S. Fed R e s . Bd

+ 4.3
+ 4.0

DISTRIBUTION MOVEMENT.
Mail-order houses, total sales...thous. of dolls..
Sears, Roebuck & Co
thous. of dolls..
Montgomery Ward & Co...thous. of dolls..




+ 23.3
+ 17.8
68,208 + 36.0

-4.5
- 8.6
274 + 6.9

27,407

26,178

18,198

165,363

203,915

1913

175

161

277

287

243

232

18,930

17,115

12,413

115,199

135,707

1913

178

156

254

261

238

215

8,477

0,063

5,785

50,164

1913

169

175

332

351

256

41
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

INDEX NUMBERS.

Percentagi
increasi

Percentage
increase
(4-)
or decrease

CUMULATIVE TOTAL

January,
1923

February,
1923

or decrease

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

cumulative
1922-23
from
1921-22.

BASE
YEAR
OR
PERIOD.

1923

lwre

(-)i

Jan.

Feb.

Feb.
from
Jan.

Nov. Dec. Jan. Feb.

DISTRIBUTION MOVEMENT-Contd.
Chain stores, total sales »
thous. of dolls.
F. W. Woolworth Co
thous. of dolls.
S. S. KresgeCo
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.
Music (4 chains)
index number.
Grocery (21 chains)
index number.
Drug (8 chains)
index number.
Cigar (3 chains)
index number.
Shoe (5 chains)
index number.
American Wholesale Corp.,
total sales
thous. of dolls.
Wholesale trade:»
Hardware
weighted index number.
Shoes
weighted index number.
Dry goods
weighted index number.
Groceries
weighted index number.
Drugs
weighted index number.
Meat packing
weighted index number.
Candy sales by mfrs
thous. of dolls.
Magazine advertising
(for following month)
thous. of lines.
Newspaper advertising
thous. of lines.
Postal receipts
thous. of dolls.
Internal-revenue taxes collected on theater
admissions
thous. of dolls.

19,265

19,506

16,749

11,049

11,231

10,080

4,929

f>, 016

3,763

1,227

1,257

1,045

2,060

2,002

1,835

2, S00

2, 823

2,395

•">, 440

5,158

4,794

856

823

766

4,249

2,377

1,806

173,953
105,013
39,033
10,116
19,7.54
30,611
48,679

201,823
119,367
4X,238
12,521
21,697
34,948
49,667
7,515

24,369

23,784

1913

4- 16.0
4- 13.7
4- 23.6
23.8
4- (
4- 14.2
4- 2.0
6.1

1913
1913
1913
1913
1913
1913
1913
1913
1919
1919
1919
1919
1919

197
172
326
214
182
9S4
199
246
72
138
117
111
80

210 318 582 242
183
269 497 200
571 952 446
341
232 352 660 273
204
288 610 229
089 2,599 2,862 1,273
194 244 340 221
236 252 370 263
95
121 204
75
130 162 166 165
122 161 129
115
127 179 116
109
86
122 165
81

245
1.3
203
1.6
454
1.8
279 4 - 2 . 4
223
2.8
,283
0.8
209
5.2
253
3.9
88
7.4
159
3.6
125
3.1
117 4 - 0 . 9
71 - 17.4

132

202

136

311

- 44.1

58
50
80
62
94
49
91

93
67
94
96
103
54
86

83
57
73
85
99
57
110

99
56
105
75
112
57
101

84
fi.7
0.0
56
3.8
101
75
0.0
106
5.4
55
3.5
81 - 19.8

j 113 124
! 102 90
| 114 111

148
120
135

114
120
159

141
108
136

164 4- 16.3
100 - 7.4
126 - 7.4

39,958

32,007

36,280

249,819

253,927

1919
1919
1919
1919
1919
1919
1920

1,730
90,422
24,935

2,002
83,496
23,082

1,515
3 75,342
20,394

10,850
676,172
168,759

13,460 + 24.1
724,035 4- 7.1
190,435 4- 12.8

1913
1919
1919

6,766

5,877

5,867

50,297

44,469 - 11.

1920

89

81

76

94

22,354

22,366

23,238

1919

92

92

90

89

89

16,119
46,346
213,558
241,717

16,141
48,311
197,517
243,989

92
84
127 : 157
291
376
320 327

80
141
773
510

78
174
354
425

4,509
40.74

4,611
41.61

4,412
40.46

22,087
19,666

19,019
16,905

16,543
14,730

58
44
81
66
94
49
132

81 - 12.9

PUBLIC FINANCE.
U. S. interest-bearing debt
mills, of dolls.
Liberty and Victory Loans and
War Savings securities
mills, of dolls.
Customs receipts
thous. of dolls.
Ordinary receipts
thous. of dolls.
Ordinary expenditures
thous. of dolls.
Money held outside U . S . Treasury
and Federal Reserve System:
Total
mills, of dolls.
Per capita
dollars.

19,129
207,911
33,652
175,651 2,681,115
182,206 2,251,361

1919

343,581 4- 65.3
2,282,125 - 14.9
2,113,937 - 6.1

1913
1913
1913

103
317
406

4- 0.1
78
182
327 - 7
429 4-

0.1
4.2
.5
0.9

1919

94

90 |
88

94
91

96
93

1919

94
95

81
84

94
98

102
112

109
112

93 - 13.9

219
209

195
185

220
246

240
260

251
288

213 - 15.1
230 - 20.1

44
56
83
140
92
154

37
74
83
141
91
156

34
95
89
146
96
152

33
119
94
144
98
144

31
92
84
147
103
153

0.2
5.4
2.0
0.8
2.0
0.7

1919

94
90

2.3
2.1

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
Total investments
Notes in circulation
Total reserves
Total deposits
Reserve ratio




3

mills, of dolls.
mills, of dolls.
mills, of dolls.
mills;, of dolls.

19,778
16,552

16,784
13, 217

15,340
10,651

mills, of dolls..
mills, of dolls..
mills, of dolls..
mills, of dolls..
mills, of dolls..
per cent..

597
542
2,204
3,227
1,991
76.9

596
571
2,247
3,202
1,952
76.2

721
438
2,174
3,081
1,772
78.1

Revised.

11

138,913
125,844
128,951
95,925

160,521 + 15.6
140,281 |l+ 11.5

|i
145,021 |j+ 12.5
113,392 j | + 18.2

1919
1913
1913
1919
1919
1919
1919
1919
1919

Includes F. W. Woolworth, S. S. Kresge, McCrory Stores Corp., and S. H. Kress only.

-

146
101
152

14.0

42
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

(+)

CUMULATIVE TOTAL

January,
1923

Febru-

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-28

or decrease
(-)
cumulative
1922-23
from
1921-22.

BASE
YEAR
OR

Percentage
increase

1923

1922

or decrease

PERIOD.

Nov. Dec. Jan. Feb.

Jan.

Feb.

92
107
97

91
110
97

94
135
105

Feb'.
from
Jan.

BANKING AND FINANCB-Continued.
Banking—ContinuedFederal Reserve member banks:
11,425
Total loans and discounts, .mills, of dolls..
4,849
Total investments
mills, of dolls..
11,537
Net demand deposits
mills, of dolls..
Interest rates:
4.35
New York call loans
per cent..
4.63
Commercial paper, 60-90 days....per cent..
Saving deposits (balance to credit of depositors):
Total, 7 Fed. Res. dists... .thous. of dolls.. 5,792,294
Boston district
thous. of dolls.. 1,150,793
New York district
thous. of dolls.. .,805,923
Philadelphia district
thous. of dolls.. 442,083
Cleveland district
thous. of dolls.. 411,325
Richmond district
thous. of dolls.. 284,707
Chicago district *
thous. of dolls.. u 818,513
San Francisco district
thous. of dolls.. 864,077
U. S. Postal Savings
thous. of dolls.. 131,566

1921

11,525

10,851
3,692
10,245

4.78

4.94

1913

4.63

4.88

1913

143
85

155
84

154
76

5,818,221

5,349,121

1,158,610

1,081,935

,809,394

., 698,535

1920
1920
1920
1920
1920
1920
1920
1920
1913

107
104
111
109
109
113
102
109
364

108
104
111
109
109
113
102
113
364 I

112
108
114
108
114
123
107
118
335

11,639
4,690

446,773

426,470

412,811

374,773

285,829

255,034

"827,691

«758,258

877,113

758,249

132,072

144,610

1921
1919

+
-

1.9
3.3
0.1

150 +

9.5
0.0

+
+

0.4
0.7
0.2
1.1
0.4
0.4
1.1
1.5
0.4

109

Life I n s u r a n c e .
Policies, new:
Ordinary
Industrial
Group
Total insurance
Amount of new insurance:
Ordinary
Industrial
Group
Total insurance

of policies..
of policies..
of policies..
of policies

152
547
60

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

398,150
112,678
13,701
524,528

9,933

7,420

539,698

479,945

2,126
49,210

1,508
40,628

72,608

175,855

282,800

thous.
thous.
number
thous.

159

143

551

569

73

49

710

712

415,006

361,571

114,758

110,954

1,160
4,406
428
5,567

1,250
4,519
805
5,770

+ 7.8
+ 2.6
+ 88.1
+ 3.6

1913
1913

172
142

193
150

1G1

1913

146

157

169

2,721,637
842,837
67,586
3,632,058

3,211,587
934,474
157,842
4,303,903

+ 18.0
+ 10.9
+133.5
+ 18.5

1913
1913
1913
1913

15,671
463,134

-

340,017

1913
1913

204
325

174
320

130 j
177 I

1913

114

190

218

310

119

1913

105

110

94

204

107

185

154

+ 4.6
+ 0.7
+ 21.7
+ 1.6

| 232 274 j 295 385
|j 200 214 || 243 265
1,144 4,549
; 920
287 384
228 259

302
217
948
283

4.2
1.8
- 27.5
+ 2.9

136
256 217

Business Finances.
Business failures:
Finns
number..
Liabilities
thous. of dolls..
Total dividend and interest payments
(for following month)
thous. of dolls..
Dividend payments (following month):
Total
thous. of dolls..
Industrial and miscellanceous
corporations
thous. of dolls..
Steam railroads
thous of dolls..
Street railways
thous. of dolls..
New capital issues:
Corporations
thous. of dolls..
States and municipalitiesPermanent loans
thous. of dolls..
Temporary loans
thous. of dolls..
New incorporations
thous. of dolls..
Telephone earnings:
Total operating revenue.. .thous. of dolls.
Total operating income
thous. of^dolls.
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.
11

2,331

+

6.1

+

0.4

" 411,150 u 412,595
i* 218,714 i» 218,515 +
i» 56,820
»56,480 -

0.4
0.1

1913
1913
1913

107
111
125

117
115
64

129
51
66

152
100
298

106
112
128

113 - 29.1
179
- 17.4
191
+ 60.8
112
4.8
120 + 13.3
117 + 4.5
65 - 49.0

0.6

1913

153

148

159

316

461

173 - 62.5

+ 50.1

1913
1913
1913

227
33
490

263
120
343

157
116
469

276
87
472

287
121
528

214 - 25.6
10 - 91.6
407 - 33.0

1913
1913

291
220

282
218

317
236

324
249

326
266

1919

98

91

114

116

118

1919
1919

95
64

108
100

107
138

110
120

11.1

- 26.6

74,655

280,950 i»2,466,833 i»2,618,419

78,210

•76,850

"740,034

"742,990

40,700
27,655
6,300

46,100
28,900
3,210

•45,250

632,784

237,609

202,749

1,605,028

2,418,797

97,785
48,665
909,694

72,706

89,493

4,074

48,157

282,797

700,708

591,404

1,042,058
375,895
4,276,725

•28,450
•3,150

42,841

38,183

9,879

8,149

260,409
53,026

7,451

55,609

11,130

9,586

1,961

1,042

72,258
9,498

29.5
41.4
52.7

31.1
40.0
52.2

I

25.6
39.7
48.1

Represents deposits reported by 210 banks instead of 219 as formerly reported.
•Revised.




13,926

716,387
5,815,508

-

- 31.3

290,348 +
63,749 +
+
62,562 +
77,950
13,369

24.8
36.0
11.5
20.2
12.5

+ 7.9
+ 40.8

1916
92
101 100 107 113 + 5.6
93
109 102
117 127 107 103 - 3.7
1916
91
87
85
95 — 1.0
90
1916
" Cumulative for nine-month period ending March of year indicated.

43
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

(+)

CUMULATIVE TOTAL

January,
1923

Febru-

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

or decrease
<-)
cumulative
1922-23
from
1921-22.

BASE
YEAR
OR
PERIOD.

Percentage
increase
(4-)
or decrease

1928

1922

from
Jan.

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

BANKING AND FINANCE—Continued.
S t o c k s and B o n d s .
Stock prices, closing:
25 industrials, average.. .dolls, per share,
25 railroads, average
.dolls, per share.
Stock sales (N. Y. Stock
Exchange)
.thous. of shares.
Bond sales:
Miscellaneous
..thous. of dolls.
Liberty-Viotory
..thous. of dolls.
Total
..thous. of dolls.
Bond prices:
Highest-grade rails
...perct. of par.
Second-grade rails
...perct. of par.
Public utility
...perct. of par.
Industrial
...perct. of par.
Combined price index.. ...perct. of par.
Municipal bond yield
(1st of following month)...
.percent..

110.35
61.71

115.03
65.28

86.47
56.57

20,208

22,694

16,185

149
68

182
76

187

222

234

330

284

1019
1919
1919

268
97
136

263
52
100

254
38
88

249
45
92

93
91
83
102
91

92
91
84
102
92

94
93
94
105
97

94

105
97

94
92
93
106
96

99

94

93

93

93

1913
110,510

190 J98 4 - 4 . 2
74 ' 79
4-5.8
292 328
4- 12.3
300 262
26 - 12.6
32
81 - 19.7
94
- 14.5

143
65

1913

165,926 4- 50.1
1913

214,185
76,239
290,424

187,150
6i;207
248,357

84.46
69.82
68.34
74.43
73.76

84.18
69.31
68.40
73.80
73.42

82.95
68.47
62.34
72.07
70.71

1915
1915
1015
1915
1915

4.14

4.13

4.39

1913

69,425
764
32,820
8,472

72,284
704
8,383
1,399

66,608
77
28,739
1,732

698,790
4,598
400,616
19,796

733,834
6,040
193,360
36,603

+
+
4-

5.0
31.4
51.7
84.9

1913
1013
1913
1913

51
46
500
11

45
11
541
23

71
104
345
45

56
108
498
35

47
104
618
111

49
96
158
18

4- 4.1
- 7.9
- 74.5
- 83.5

5 190
5, 25
6,921
.657
31.928

4,729
3,792
2,191
.643
30.875

3,878
4,786
7,092
.653
33.891

32,358
47,074
41,603

40,230
45,531
39,758

-I-

24.3

-

3.3

-

4.4

1913
1913
1913
1913
1913

71
217
76
110
127

70
160
136
109
123

87
196
126
109
116

91
263
132
107
114

93
195
132
110
116

85
127
42
108
112

- 8.9
- 34.9
- 68.3
- 2,1
- 3.3

4.65
.067
.049
.061
.00007
.396
.269
.188

4.69
.061
.048
.054
.00004
.395
.266
.188

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

val.
val.
val,
val.
val.
val.
val
val.

87
42
23
40
2
91
93
101

90
45
25
43
2
94
97
101

.487
.317

.484
.318

.474
.281

Par. val.
Par. val.

95
57

95
58

97
61

.991
.847
.114
.128

.987
.842
.114
.120

.963
.826
.132
.104

Par.
Par.
Par.
Par.

52

96
86
41
53

100
85
37
63

Par. val.

65

69

67

1913
1913
1913
1913
1913

119
138
81
141
132

103
125
75
86
108

173
249
93
272
182

187,368 1,198,792 1,576,706 4- 31.5
121,981 1,480,602
789,847 - 46.7
309,349 2,679,394 2,366,553 - 11.7

94
92
93
105 -

0.0
0.0
0.0
0.9
0.0
0.0

Gold a n d Silver.
Gold:
Domestic receipts a t mint fine ounces.
Rand output
thous. of ounces.
Imports
thous. of dolls.
Exports
thous. of dolls.
Silver:
Production
thous. of fine oz.
Imports
thous. of dolls.
E xports
thous. of dolls.
Price at New York
dolls, per fine oz.
Price at London., .pence per standard oz.
FOREIGN EXCHANGE R A T E S .
Europe:
England
dolls, per £ sterling..
France
dolls, per franc..
Italy
dolls, per lire..
Belgium
dolls, per franc..
Germany
dolls, per m a r k . .
Netherlands
dolls, per guilder..
Sweden
dolls, per krone..
Switzerland
dolls, per franc..
Asia:
Japan
dolls, per y e n . .
India
dolls, per rupee..
Americas:
Canada
dolls, per Can. doll..
Argentina
dolls, per gold peso..
Brazil
dolls, per milreis..
Chile
dolls, per paper peso..
General index of foreign
exchange
index number,

Par.
Par.
Par.
Par.
Par.
Par.
Par.
Par.

val.
val.
val.
val.

80

96 4- 0.9
92
95
32 - 9.0
36
37
35
25 - 2.0
26
23
25
34
28 - 11.5
33
31
0.06 0.06 0.03 0.02 - 42.9
98
0.3
99
98
1.1
100 101 100
97
0.0
96
98
97
98
63

98
65

97 - 0.6
65 4 - 0 . 3
-

66

-

0.4
0.6
0.0
6.2

70

68

66 -

2.9

149
195

152
182

244
163

236
170

U. S. FOREIGN TRADE."
E x p o r t s by G r a n d Divisions.
Kurope:
Total
France
Germany
Italy
United Kingdom

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

189,659
23,286
26,086
15,489
83,603

159,647
13,791
24,442
10,705
71,597

See headnote in black type at beginning of this table, p. 25.




128,923 1,348, 720 1,435,903 4- 6.5
146,721
186,016 4- 26.8
16,054
229,437
199,861 - 12.9
22,053
99,182
123,193 4- 24.2
5,637
549,066
597,891 4- 8.9
53,390

128
108
83
163
145

- 15. S
- 40.8
- 6.3
- 30.9
- 14.4

44
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 reaspns;
detailed tables covering back figures for these
items will be found at the end of this bulletin.
For detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

January,
1928

Corresponding
Februmonth,
ary,
January
im
or Febru

ary, 1922.

CUMULATIVE TOTAL
FROM JULY 1
THROUGH
LATEST MONTH.

1921-22

1922-23

Percentage
increase
(+)
or decrease
cumulative

INDEX NUMBERS.
BASE
YEAR

1O

Percentage
increase

l a no

bit

(+)

OR
PERIOD.

1922-23
from
1921-22.

Jan. Feb.

Nov. Dec. Jan. Feb.

or decrease
(—)>
Feb.
from
Jan.

U. S. FOREIGN TRADE-Continued.
Exports by Grand Divisions—Continued.
N orth America:
Total
Canada
South America:
T otal
Argentina
Asia and Oceania:
Total
Japan
Africa, total
Grand total

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

78,368
48,908

74,742
44,497

59,724
35,281

605,278
365,272

659,438 + 8.9
422,055 + 15.5

1913
1913

116
97

119
105

173

th ous. of dolls..
thous. of dolls..

21,324
9,210

20,937
9,780

14,096
6,246

116,169
48,010

165,743 + 42.7
69,613 + 45.0

1913
1913

113

115

183

181

175

135

136

184

215

201

thous. of dolls.. 41,709
thous. of dolls.. 13,366
thous. of dolls..
4,479
thous. of dolls.. 335,539

47,012
17,662
4,930
307,269

43,627
18,788
4,344
250,620

378,766
179,411
31,182
2,480,021

355,917
133,632
37,075
2,654,077

316

252

241

271

257

228

389
157

184

166

186
162

+ 12.7
32.1
10.1

135

361
180
121

286
412

269

537
134

339 +
204 +
148 -

83,855
37,171
26,739
19,462

69,275
32,257
20,220
16,576

661,532
332,097
184,065
143,285

700,471
323,083
216,384
158,469

119

108

149

140

133

188

148
175

156
196

105

86
103

129
121

138
123

129

110

135

154 - 21.6
114 - 11.7
121 - 10.3

57,510
2,864
9,470
44,324

58,335
2,754
6,869
48,000

464,376
24,980
52,882
369,174

493,184
24,563
74,687
385,330

153
124
161

105 - 14.9
163 + 1.0

155

129 - 16.6

9,823
1,300
6,492
2,021

10,174
2,276
5,323
2,575

76,001
21,383
36,149
18,425

67,727
11,537
39,063
17,073

342,980
17,718

252,278
11,995

+
+

6.0
25.5
18.9
7.0

1913
1913
1913
1913

+ 5.9

1913
1913
1913
1913

167

170
157

156
146

-

4.6
9.0

171

-

1.8

213

+ 6.2

149
132

8.4

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES.
United Kingdom.
Imports (values):
Total
thous. of £ sterling.. 99,700
Food, drink, tobacco.thous. of £ sterling.. 47,398
Raw material
thous. of £ sterling.. 30,288
Manufactured articles.thous. of £ sterling.. 21,707
Exports (values):
66,939
Total... .
thous of £ sterling
Food, drink, tobacco.thous. of £ sterling..
3,364
9,372
Raw material
thous. of £ sterling..
Manufactured articles.thous. of £ sterling.. 53,135
Reexports (values):
Total
thous. of £ sterling.
9,798
Food, drink, tobacco, .thous. of £ sterling..
1,687
Raw material
thous. of £ sterling..
5,938
2,172
Manufactured articles.thous. of £ sterling..
Exports of key commodities (quantities):
Cotton piece goods
thous. of sq. yds.. 400,598
Woolen worsted tissues, .thous. of sq. yds.. 22,280
354
Iron and steel...
.thous. of long tons..
Coal ..
thous of long tons..
5,647
Production:
Pig iron. . ..
.thous. of long tons..
568
Steel ingots
thous of long tons
624
Coal
thous. of metric tons.. 26,820
Stocks, zinc
short tons
441

318

224

5,903

4,014

543

300
419

707

-

2.7

+ 17.6
+ 10.6
+ 6.2

1913
1913
1913
1913

131

— 15.9

131 — 14.1

145

133

152

135

105
121

101

125

103

118

151

140

173
152

163
131

93
162

111

100

93

107

108

171

105

75
93

100
105

119
97

93

127
111

98 - 22.9
122 + 9.3

7.3

1913
1913
1913
1913

96

86

88

2,294,879 3,077,008 + 34.1
135,651 + 61.8
83,850
2,535 + 94.1
1,306
48,565 + 82.1
26,671

1920
1920
1913
1913

92
71
61

108
74
90
107

98

66

68
54
54
66

108
100
86
92

1,633
2,956
149,768

3,862 +136.5
4,593 + 55.4
183,269 + 22.4

1913
1913
1913
1920

34
51
74
50

35
66
83
37

58
94
91
3

62
85
108
3

110
2

111 + 13.3
91 - 17.2
1 — 49.9

110

160

168

152

161

117 -

-1.7

+ 41.2
+

4.4

— 10.9
-46.0

+ 8.1
-

79
82
97

66
98

82

+ 0.3
-

7.0

93 - 14.4
80 - 20.5
77 — 10.2
97 + 4.5
64

— 4.4

221

20,090
9,335

11,739

12,500

8,543

55,046

91,943 + 67.0

1920

117

68,086
65,635

65,308
58,646

54,294
47,004

476,967
528,577

535,098 + 12.2
691,292 + 30.8

1913
1913

92

97

136

126

122

150

150

420

357

209

2,239
3,142
9,740

2,959

36,614
108,763
111,348

26,665 — 27.2
102,659 — 5.6
180,754 + 62.3

1913
1913
1913

110
12

72

100
129

170

127

36

68

24

7,129

1,266
4,708
5,602

73

67

660

485

116

85

- 26.8

44
47

34
42

352
447

+ 7.3

1,110

in,923

40
48
143

52

1,028

38
38
168

49

1,295

1913
1913
1913

42

48

60
202

55
167

22,200

Belgium.
Production:
Zinc

short tons

+ 6.5

Canada.
Total trade:
Imports
thous. of dolls..
Exports
thous. of dojls..
Exports of key commodities (quantities):
Canned salmon.
thous. of pounds
Cheese
. thous. of pounds .
Wheat
thous. of bushs..
Production:
Pig iron. . .
thous of long tons
Steel ingots
thous. of long tons
Bank clearings
mills, of dolls..




41

428

283

— 19.6

408

-

8.7

10,3*2 - 5 . 0

194

4.1
187 - 10.6
168 + 32.2
3 -86.4

- 2.1
•133 - 20.6
54

45
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 detailed tables covering other items, see
the last quarterly issue of the SURVEY (NO.
18).

CUMULATIVE TOTAL

Janu-

February,
1928

INDEX NUMBERS.

Percentage
increase

FROM JULY 1
CorreTHROUGH
spondLATEST MONTH.
ing
month,
January
or February, 1922. 1921-22
1922-23

(+)

or decrease
(-)
cumulative
1922-23
from
1921-22.

BASE
YEAR
OR
PERIOD.

1928

1922

Percentage
increase
or decrease

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

from
Jan.

TRADE AND INDUSTRY OF FOREIGN
COUNTRIES-Continued.
Canada—Continued.
Bond issues:
Government and provincial, thous. of dolls..
Municipal
thous. of dolls..
Corporation
thous. of dolls..
Employment:
Applications
number..
Vacancies
number..
PlacementsRegular
number..
Casual
number..
Newsprint paper:
Production
short tons.
Shipments
short tons.
Stocks
short tons.
Exports (total printing)...
short tons.
Business failures:
Firms
number.
Liabilities
thous. of dolls.
Building contracts awarded
thous. of dolls.

8,450
15,904
13,536

21,370
2,182
4,000

109,543
51,724
38,900

185,650 -f 69.5
53,519 + 3.5
45,229 + 16.3

1913
1913
1913

483
23
65

110

46,131
33,388

42,233
23,000

332,968
273,095

346,551 + 4.1
313,526 + 14.8

1920
1920

102
57

90
56

102
73

15,539
14,385

11,825
9,118

175,563
87,769

202,962 + 15.6
59,967 - 31.7

1920
1920

39
138

35
137

67
104

46
106

51
218

121
123
93
123

116
118
76
128

144
142
118
171

138
147
61
155

148
140
92
150

137
134
85
153

107

8 3,246
19 130
62 168

191
165
219
111
83

99,797
95,040
11,614
82,789

91,935
91,087
10,689
84,395

78,294
80,476
9,535
70,729

598,584
606,368

761,777 + 27.3
755,044 + 24.5

527,700

669,359 + 26.8

1919
1919
1919
1919

330
6,056
9,841

327
5,507
13,312

309
6,121
10,718

2,057
39,811
147,4S1

2,230
36,947
202,545

• 8.4
• 7.2
37.3

1913
1913
1913

224
495
26

203
441
33

204
333
67

207
399
164

217
436
31

215 - 0.9
397 - 9.1
42 + 35.3

bushs.
bushs.
bushs.
bushs.

11,525
13,358
6,248
6,851

18,263
4,426
6,025
6,229

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

43,698
89,700
20,439
32,341

75,389 + 72.5
93,071
3.8
16,558 - 19.0
32,334
0.0

1913
1913
1913
1913

87
37
43
76

223
48
86
80

75
104
2
69

81
112
6
61

134
85
122
205

212
28
118
187

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

4,440
1,600
2,000

5,180
S00
2,600

7,030
2,000
2,200

1913
1913
1914

229
69
275

272
57
302

100
206
137

129
114
330

172
49
275

200 + lti. 7
50.0
23
357 + 30.0

+

7.9
4.2
8.0
1.9

Argentina.
(irain shipments:
Wheat
Corn
Oats
Flaxseed
Visible supply:
Wheat
Corn
Flaxseed




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

+
-

58.5
67.0
3.6
9.1

46

DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE BANKS.
INDEX NUMBERS.
Based on data from Government sources.1
Continued on opposite

I

Y E A E AND MONTH.

S

f
I

I

page.

I

Relative to 1919.
1919.
January
February
March
April
May
June
July
August
September
October
November
December

83.8
76.3
84.2
81.0
94.2
118.5
107.3
89.1
98.1
115.2
127.1
125.1

87.3
77.2
87.1
101.1
92.7
111.8
107.4
97.0
109.1
124.5
90.4
114.5

92.9
66.8
85.8
94.0
91.0
113.0
96.5
80.9
97.0
112.5
112.3
157.4

107.0
103.0
80.8
117.4
106.3
113.4
84.1
97.4
96.9
103.7
88.2
101.8

94.2 j 89.2
83.6
76.3
86.0
84.0
96.7
100.1
98.5
99.6
105.2 111.8
96.9
93.1
94.1
99.4
102.0 113.5
109.1 114.9
94.8
118.7
118.2 119.8

88.9
81.4
96.0
91.3
100.0
101.6
96.6
93.2
110.5
115.4
111.0
114.2

95.9
91.0
89.7
93.5
92.7
102.5
92.2
100.5
101.6
112.0
133.8
94.6

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

112.0
93.0
111.9
110.5
113.6
105.9
93.5
93.0
110.6
110.8
103.3
94.0

110.9
103.1
119.4
122.3
121.4
119.1
112.8
101.2
152.2
126.1
100.1
113.9

128.0
101.2
120.3
121.4
127.5
123.0
116.8
103.7
114.9
161.5
.122.6
103.1

116.8
140.6
93.9
131.1
127.5
101.8
140.8
105.8
92.8
106.1
85.9
102.6

110.5
101.3
114.0
108.9
132.6
120.5
112.4
112.4
113.5
122.1
125.7
109.9

124.4
105.6
116.2
127.0
131.9
132.7
126.7
131.2
120.9
130.5
131.9
140.1

113.6
96.9
115.9
116.0
100.0
123.2
108.8
120.5
114.8
120.3
119.3
114.1

1921.
January
February
March
April
May
June
July
August
September
October
November
December

86.9
70.0
78.2
78.4
80.4
79.2
72.2
65.2
77.8
89.4
84.2
70.1

104.1 100.1
86.0
86.6
88.5
89.5
93.1
97.8
92.3
101.3
93.0
99.1
81.6
98.1
77.0
89.2
92.0
100.8
89.5 128.4
111.8 ! 88.1
92.0 I 76.5

120.7
95.0
122.4
168.9
168.8
159.9
92.7
122.1
89.7
84.4
94.1
115.6

99.3
91.3
86.2
92.1
96.5
87.2
87.6
83.1
85.1
95.1
84.5
76.5

128.9
98.2
102.2
120.2
112.0
101.5
95.1
95.3
112.1
105.3
95.3
93.7

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

83.9
78.5
75.6
91.5
76.4
79.8
99.1
65.5
80.2
95.6
89.5
78.6

102.2;
95.6 I
95.0
120.6
99.0 !
110.4
113.4
92.2 :
95.1 |
116.1 !
109.6 :
115.0 |

102.7
90.0
123.3
177.2
122.0
106.4
105.2
90.4
89.3
91.4
96.4
88.4

85.2
87.3
97.9
89.2
95.5
104.5
89.7
98.7
114.3
120.0
104.2

100.9
96.7
108.9
111.0
102.0
116.6
108.0
99.1
107.5
129.0
137.2
108.3

84.4
73.3
76.8
80.5
81.2
108.2
117.9
109.3
118.4
109.4
120.3
120.2

106.7
90.3
89.2
92.2
102.7
104.1
90.9
95.6
98.1
113.4
128.5
93.0

97.9
86.2
75.0
83.6
78.5
88.9
85.8
95.0
124.4
132.4
137.6
114.5

89.0 107.2
73.9 100.8
77.3 91.3
90.4 75.3
87.8 92.5
85.3 85.7
83.7 85.8
88.5 103.9
126.1 105.3
135.9 121.1
139.8 123.6
122.2 108.5

104.9
106.3
109.9
126.0
124.6
134.4
123.3
111.3
135.7
149.4
138.9
127.4

115.4
94.9
114.0
117.3
119.0
129.3
115.1
109.9
122.9
127.0
115.1
112.3

110.4

112.0
101.9
98.0
138.5
96.5
126.1
102.5
102.0
92.0
115.5
126.3
100.7

125.0
110.0
124.9
110.4
115.6
119.4
97.2
98.2
101.9
106.6
101.3
84.5

115.6
124.4
118.4
125.4
133.9
123.0
120.3
121.6
125.3
139.0
133.4
107.1

102.1 j 119.6
68.1 j 148.5
91.9
84.1
81.7 102.5
75.9 ' 94.7
71.4 i 84.3
79.1
72.9
70.7| 69.7
74.0 ! 77.0
71.9 I 89.0
74.7 ; 79.5
78.9 j 68.3

103.7
85.5
99.1
91.2
104.5
108.7
101.6
99.8
95.8
109.5
117.3
97.9

121.9
62.3 108.3
86.5
69.2
84.9
64.1
86.6
69.8
66.6 | 88.1
63.6 | 77.0
61.5 ! 77.1
99.7
76.9 I 103.6
76.4 I 114.4
73.9 ! 81.8

92.8
83.8
75.8
72.7
80.3
77.4
76.5
75.1
87.3
94.8
83.0
77.6

145.0
120.3
94.1
91.7
91.1
90.1
79.6
66.2
97.0
100.0
90.4
92.7

83.8
76.9
78.8
99.5
78.2
97.8
96.8
85.4
103.5
111.3
110.1
115.5

82.9
72.1
81.1
91.2
90.4
102.1
88.3
81.9
85.2
94.3
95.3
85.4

77.4
74.5
85.8
67.2
85.2
81.8
81.4
83.6
92.4
103.3
102.3
100.9

101.7
102.0
109.9
101.7
115.8
128.3
117.2
122.4
163.3
141.9
186.4
134.4

87.9
95.9
87.1 j 69.7
83.7 | 89.9
83.3 ! 88.7
88.6
87.5
94.0 110.3
99.8 i 109.2
89.3 ! 92.8
116.4 | 111.7
105.2 I 107.9
115.9 ! 112.9
141.9 i 130.0

119.6
107.4
111.5
119.2
123.7
117.9
119.1
122.4
121.5
138.8
126.0
114.4

90.8
93.5
111.5
148.1
147.4
124.4
107.0
103.6
94.7
69.6
67.0

112.7 ! 114.7
97.9 107.7
106.0 121.4
100.8 105.2
110.6 113.9
125.1 113.3
113.5 123.4
106.8 112.1
116.2 111.8
121.7 124.2
118.2 117.1
128.0 115.3

99.3
81.9
85.6
92.9
98.5
97.7
85.8
83.4
90.2
91.6
92.4
87.8

126.7
104.7
112.9
126.9
130.5
122.6
130.6
94.3
124.3
123.7
103.0
105.3

60.0
52.7
59.6
59.7
63.4
62.6
66.0
51.8
62.8
61.1
43.0
44.0

116.5
94.5
100.5
97.5
100.9
103.1
101.0
89.0
101.7
112.2
90.8
98.8

93.3
94.2
93.8
102.7
88.1
106.3
101.6
100.0
106.4
122.9
113.5
107.0

121.1
94.8
113.3
96.0
71.2
85.5
81.1
65.5
95.3
127.7
128.5
124.1

56.5
44.1
54.6
59.7
47.9
71.0
70.7
55.7
66.9
70.4
60.3
66.0

111.6
96.2
118.3
116.3
96.2
135.5
113.3
97.1
122.6
124.4
125.4
121.8

I

I
120.7
101.1

74.5
113.4
111.7
118.4
108.8
100.5
97.2
110.2
79.4

i
I

68.5
84.0
81.1
87.0
79.2
94.5
80.3
69.6
100.9
137.9
103.5
89.3

i Computed from data from Federal Reserve Board.




101.7
87.5
108.5
99.1
89.1
97.6
90.6
89.8
101.9
109.1
112.4
113.0

77.4
62.6
80.0
83.9
90.8
115.1
108.4
96.1
124.5
120.1
132.7
107.8

73.5 |
69.i;
64.6 i
78.7 j
71.1 I
86.8 |
85.8 |
74.8 !
89.8 '
89.1
92.7
84.1 ;

68.5
57.6
75.9
79.4
81.0
84.6
71.1
69.6
71.8
101.5
94.8
80.0

101.3
86.0
85.6
95.1
91.2
84.3
93.9
87.9
105.9
129.5
126.4
123.5

47
DEBITS TO INDIVIDUAL ACCOUNTS AT CLEARING-HOUSE BANKS.
INDEX NUMBEKS.
Based on data from Government sources.1
San Francisco.

Portland,
Oreg.

78.8

80.2

77.1

93.4

74.6

90.6

67.4

91.9

96.4

68.0

74.0

86.4

74.6

80.9

73.6

109.7

106.0

Seattle.

Los Angeles.

100.7

69.2

Dallas.

85.9

Omaha.

86.6

Denver.

82.6

_

Fort Worth.

Kansas City.

Minneapolis.

Duluth.

St. Louis.

Louisville.

Milwaukee.

Indianapolis.

Detroit.

YEAR AND
MONTH.

Chicago..

New Orleans.

•

Concluded from opposite page.]

Relative to 1919
i 1919.
I January
February
; March
April
May...
I June
July
August
September
October
November
' December
1920.
January
February
March..
April
May
' June .
; July
August
September
October
November
December
1921.
January
February
March
April
May
i June
July... .
August
September....
October
November
December
1922.
January
February
March....
April
May
June
July
August
September
October
November
December

i

'

103.6

87.0

85.2

91.0

97.4

125.8

88.0

81.7

81.9

83.5

81.8

109.9

73.4

91.7

S5.4

87.2

90.1

99.1

83.6

93.3

94.4

93.7

89.4

97.3

104.8

90.3

101.3

97.9

91.2

100.3

96.5

101.2

106.9

98.7

104.1 '

104.8

92.6

103.1

87.6

110.5

97.8 '

87.4

91.5

9S.7

109.9

91.6

97.6;

89.0

96.8

105.2

12S.1

112.2

135.1

103.8

124.0
124.1

109.2

108.9

10S 2

108.9

92 6

133.4

106.1

118.9

106.2

85.9

121.2

110.3

104.1

106.7

100.5

104.1

99.3 ; 154.5
83.6 : 50.1
84.7
62.6
94.8 ' 150.3
94.1
95.0
102.3 117.2
111.8 102.4
94.8
92.6
105.2 103.9
103.3 107 6
85.1
116.8
74.5
108.7

9S.5

85.2

83.7

89.5

94.7

94.5

85.3

99.6

90.6

105.8

84.4

76.6

94.7
93.9 i 122.5

108.1

106.2 112.5
100.3
82.5
!
102 7 125 9
117.5 101.1
85.7
; 98.3

86.6
94.4
131.1

95.8

129.8

120.3

129.0

164.6

119.6

123,1

92.3

111.0
99.7
109.4
104.4
110.8
109 3
104.3
101.7
109.4
103.9
103.6
96.5

86.4
75.5
85 9
129.2
119.1
98.5
107.0
102.7
191.5
202.3
193.3
127.6

89.9
83.0
85.8
87.2
92.8
85.7
88.3
81.3
86.0
93 3
86.4
80.8

88.6
57.3
58.1
88.3
75.7
So. 3
72.1
94.6
112.5
98 8
85.9
54.8

76.7
81.1
84.8
85.0
84.9 . 85.6
90.3 101.3
97.9
92.5
91.1
86.7
82.5
78.1
96.5
87.5
101.6 106.0
93.4 107.0
93.6
93.0

56.8
52.2
57.7
59.2
68.7
76.6
76.1
95.6
130.3
107.1
132.5
75.5

103.1

116.8

115.3

109.8

10S.0

109.6

9S.5

119.5

122.2

109.0

125.2

122.5

133 6

124.2

118 0

118.6
97.4

133.3

106.2

124.8

115.8

US. 3

95.9

122.4
111.1

113.7

124.5

127.0

125.4

104.8

115.4

139.7

139.9

129 4

112 2

103.4

113.9

136.3

141.5

121.0

76.4

120.4

102.3

150.6

126.8

119.0

86.7

132.5

116.8

129.5

120.4

13S.9

83.4

120.2

118.2

123.5

117.9

123.3

77 8

116.2

102.6

109.2

112.7

105.9

69.2

110.8

102.7

94.6

107.1

116.7

58.5

101.1

101.6

93.4

105.7

119.0

72 5

80.8

78.4

91.8

94.1 .

80.1,
72.1

83.3

79. S

90.3

81.9

173.4 ,
76.8

82.9 '

88 5

95.7

98.9

91.0

80.2 '

72.7

87.6

100.1

93.8

91.2

73.2

S3.6

S3.0

103.8

89.3

88.2
87.1

74 8

87.3

93 4

107.5

92.3

76 5

75.4

So. 8

93.2
89.1

113.0

86.8

71.0

92.9

89.6

81.9

105 8

106 9

87 3

84.6

85.5

105 8
85.5

84.4

95.3

81.2

78.0
91 3
93.1
75.3

88.4

94.4
99 2
87.6
79.1

:

84.7

98.8

93.4

91.4

73.5

90.0
S4.9
93.3

102.1

157.6

90.0 1
91.9 i
118.1 i

73.2

93.3

118.3

100.0

98.2 1

77.1

82.2 '

91.6

92.0

83.0 !

90 6

93.3

10S 0

112.1

S4.1

88.7

130. S

106.8

97.2 i
112.4

74.2

87.0

120.7

99.3

92.8

9S.7 '

130.7

104.2

103.1

SO. 7

97.3 '

109.1

104 6

132.3

109.8

125.8

91.7

101.8

111.8

95.4

104.1

99.7

94.9

123.0

112.9

101.3




101.8
79.5 i

63.8 '

82.5 i

104.0

141.3

94.2

125.4

96.9

160.6

98.5

137.6

114.8

140.6

101.2

123.0

94.5

135.2

100.9

120.8

128.3 ,

158.0

122.3

174.6

126.8 .

166.8

84.8 '

124.5

87.6

111.7
84.9

68.2
69.5

89.4

74.3

109 2

77.2

99.5

75.0

102.8

74.7

95.1

85.4

93.3

90.2

103.8

96.1
77.5

107.0
96.9

78.6

95.7

73.2

100.6

75.3 ;
71.4
88.1 :

98.3
111.7
100.3
94.7

69.0 i
76.5

104.9

79.8

107.6

80.9

96.2

103.3

113.2

102.7 '

157.1

!

119.0

90.1 '

113.7

97.2

924 '

:

72.1

69.3

84.8

80.4

78.7

83.5

74.3

94 9

94 8

83.4

81 3

84.5

87.7

88.2

91.5

84.8

95.6

90.5

101.3

97.9

91.2

125.1

105.5

85.5

103.1

96 7

S3 9

99 1

99 8

77.9

90.0

90.5

97.3

109.5

103.0

129.0

101.8

112.8

116.6

10S.9

US. 5

134.4

115.2

115 9

135 3

120 8

105 9

148.1

146.1

135.0

125.2

124.8

122.1

147.7

157.1

119.9

115.7

109.6

97.1

103.1 : 103.0 120.6
108.6
91.2
82.6
93.2 112 5 106.9
87.2 i 97.0
93.6
100.5 1 94.8 102.8
93.5
91.6
90.2
84.3
96.6
94.6 ,
97.1
91.8
96.4 ,
10S.9
96.1 , 119.3
96.7
95.3
125.6
8 9 . 1 , 123.3
101.8
93.1
79.0
57.0

108.4

130.6

95.8

111.8

98.5

95.9

117.9

92.9

96.5

119.4
101 5

j
124.9

79.2 •

f

77.7
66.4
64.7
70.6
72.7
66.5
81.1
74.3
76.8
78.7
62.7
56.0
64.2
64.6
61.8
72.8
66.1
78.8
73.0
67.9
73.1
93.3
79.8
73.9

107.7

123.6

111.8

114.9

123.5

138.7

109.7

124.3

91.5 !

115.5

104.8
105.5

125.1

98.4

109.4

136.2
139.7

134.8

95 0

121.5

133.3

94.7

124.6

91.9

121.6

136.5

103.0

131.2

89.9

132.0

136.1

114.0

124.1

93.6

132.1

145.4

107.3

129.7

87.6

116.9

147.4

106.8

128.2

79.7

112.3

148.0

96.6

110.4

63.1

!

95.5
85.1

115.5

148.0 i

85.1

107.5

63.3 |

111.9

119.3 '

83.3

87.2

65. S :
63.9

80.8

94.8

131.5

7S.9

991

63.1

80.7

72.1

96.4

99.7

61.9 ;<

63.2

81.1

87.9

143.0
128.2

78.7

97.2

61.7

65.3

75.8

92.6

130.6

75. 4

60.0

76.3
65.3

63.3

99.4

131.7 '

72.0

91.7
S3.5

69.7

94.0

123.8

92.1

61.3

72.1

72.1 •

106.9

107.8

150.5

S6.1
75.1

71.1
54.7

105.9

133.9

145.7

104.0

93.7

136.7

153.9

749

40.6

84.3

148.3

123.4

65.9

53.2
51.7 !

57.4

102.9 •

64.0

104.0
103.3
86.1

64.6
77.2
62.4

62.0

81.2

145.1

157.8

66.4

S4.0

90.5

65.4

87.0

149.2

138.5

61.7

99. S

63.0

66.9

79.6

143.3

141.8

65.2

77.9

71.0

71.6

81.7

121.3

156.5

79.0

97.9

66.1

72.2

112.3

125.7

67.7

76.6

71.2
50.4

75.0 '
73.7

79.8
74.7

99.7

162.7

68.2

153.1

73.0
71.5

S9.0

98.3

S6.1

706

72.5

71.6

84.2

124.4

76.3

7S.0

72.7

71.0

113.2

96.8

153.9

S3.0

93.9

73.5

SO. 8

129.9

110.8

174.7

93.0

100.1

73.6

107.5

115.0

183.4

78,5

110.6

67.7

105.2

119.7

170.7

69.6

82.3

804
92.3
68.4

!

i

48
PATENTS GRANTED BY THE U. S. PATENT OFFICE.1
1913

1914

1915

1916

1917

1918

1919

1920

1921

1922

TOTAL PATENTS GRANTED, ALL CLASSES.

MONTH.

Number.
January

j

2,527

2,320

3,465

3,336

4,104

3,663

2,956

2,453

2,832

3,433

February

j

2,807

3,089

3,161

4,278

3,401

2,841

2,848

2,840

2,870

3,045

March

2,738

3,455

4,251

3,555

3,115

3,037

2,802

3,525

3,629

2,823

April

3,174

3,051

3,638

3,514

3,115

3,881

3,857

2,946

2,997

3,084

May

!

2,605

3,184

3,368

4,512

4,259

3,199

2,752

2,964

3,946

3,935

June

\

2,736

3,861

3,891

3,607

3,166

2,683

2,779

3,710

2,937

3,089

3,182
2,585

3,370
3,277

3,506
3,896

3,616
3,914

3,990
3,190

3,599
2,985

3,844
2,627

2,808
3,582

2,703 j
3,593 |

3,621

I

July
August
September
October
November
December
Total

2,914

3,553

2,943

2,999

2,757

2,782

3,180

2,734

2,654

3,049

3,090

3,811

3,663

3,318

2,697

2,751

1

;

2,788

2,718

|

2,760

2,955

|

3,832

2,681

3,438

4,316

3,228

3,286

2,748

2,867

3,782

3,711

|

3,030

3,338

4,298

3,682

3,600

3,023

3,833 '•

3,663

3,069

2,994

|

2,974

33,941

39,945

43,207

43,970

41,069

38,569 '

37,164

! 37,885

36,872 j

38,414

I

i

PATENTS GRANTED—AGRICULTURAL IMPLEMENTS.2

January

74

75

j

89

February

96

84

j

68

111

March

76

102

j

125

103

83

April

85

89

i

105

99

95

May

59

103

90

138

112

June

61

99

71

94

July

89

103

August

70

102

75

September

78

107

October

86

87

November

84

89

December

92

123

950

1,163

Total

!

90

107 |
88 |
87 |
127

64
68

41
84

52
59

45

66
43

73

82

62

111

74

60

65

76

55

67

65

79

68 I
65 i

48

74

53

53

76

81

64

45

32

83

75

70

52

61

84

58

63

78

77

70

64

50

48

47

76

94

96

59

51

32

43

|

110

84

79

70

54

74

65

35

j

88

87

73

102

73

60

59

40

1,049

1,139

1,039

1,026

816

79

I ,

777

590

* Data compiled from the official records onfilein the U. S. Depo tment of the Interior, U. S. Patent Office, Division of Publications. It should be noted that inasmuch
as patents are granted on Tuesdays only, the number of patent? shown for a given month represents the total, peculiar to the month in question, of either 4 or 5
Tuesdays.
* Data includes patents granted falling within the following off-cial classification of agricultural implements: planting, harrows and diggers, plows, harvesters, scattering
unloaders and threshing implements.

COMPOSITE PRICE OF 14 IRON AND STEEL PRODUCTS.1
1913

1914

1915

1916

1917

1918

1919

1920

1921

1922

$59.40
65.63
65.47
67.49
68.26
67.89

$51.98
48.81
45.37
43.84
43.32
41.87

$33.35
32.86
32.97
34.42
36.49
36.96

38.14
35.99
35.34
35.46
34.71
33.99

37 50
39.79
43.79
43.60
42.08
40.53

40.74

37.86

MONTH.

Dollars per long ton.
i

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

...

$27.96
28.05
27.93
27.74
27.34
26.78

$23.03
23.51
23.60
23.39
22.99
22.58

$21.90
22.21
22.71
22.66
22.89
23.74

$33.66
35.63
37.18
39.13
39.78
39.63

$55.10
56.76
61.07
66.48
73.96
82.66

$56.67
56.67
56.71
56.59
56.59
56.62

26.34
25.97
25.55
24.91
24.02
23.29

22.17
22.72
23.17
22.84
23.39
21.58

24.25
24.77
25.55
26.19
28.64
31.56

38.37
39.67
39.97
41.50
46.77
53.68

89.56
89.69
83.18
67.75
58.29
56.68

56.66
56.67
56.56
57.53
55.67
57.24

47.86
48.27
48.35
48.76
51.28
54.88

;

68.29
68.93
69.28
68.61
63.75
54.04

26.32

22.92

24.76

40.50

7010

56.68

50.32 j

65.59

$53.81 I
53.71
52.28
48.45
48.29
47.88
;
'
i

» Average of weekly prices compiled by the Iron Trade Review on the following 14 products: Pig iron, billets, slabs, sheet bars, wire rods,
iteel
steel
bars,
baiplates, structural
shapes, black galvanized and blue annealed sheets, tin plate, wire nails, and black pipe. Pig iron average in turn is average of 13 different quotations.




49

LUMBER.
From non-Government sources.
SHIPMENTS.

PRODUCTION.
1917

1918

1919

1920

1921

1918

1917

1919

1920

1921

MONTH.
Thousands of feet, board measure.
MICHIGAN HARDWOODS.
January

33,287

27,576

23,131

17,999

15,119

28,216

18,779

13,783

19,810

7,003

February

33,275

25,808 ;

24,822

20,276

16,660

25,987

15,342

14,379

16,951

5,168

March

28,797

28,963

26,175

20,476

19,837 I

28,776

19,215

16,765

19,109

8,897

April

33,068

31,039 i

25,798

21,224

34,150

21,819

IS,274

16,563

May

27,985

28,754

28,193
25,410

18,779

16,786

June

32,347

14,037

22,519

19,764

15,551

'
!

j

32,176

26,741

24,151

17,752

6,593
6,746

34, .535

30,557

20,84S

18,895

8,450
8,092

July

27,542

19,430

18,597

21,017

10,160

31,009

24,441

26,420

20,820

August

26,535

22,032

18,763

18,356

9,382

39,629

26,633

32,040

17,314

8,013

September

23,518

15,841

19,146

14,263

6,815

38,601

18,132

30,883

13,754

9,708

October

22,276

15,706

16,351

18,539

5,750

29,879

19,894

30,071

11,968

15,078

November

20,953

13,503

13,061

14,774

5,959

31,125

20,736

2S,897

7,874

17,195

December

23,570

16,190

17,264

14,343

8,5S6

22,674

16,627

24,61S

5,956

11,330

* 333,153

25S,S79

253,432

224,3S4

151, S29

376,757

258,916

2S1,129

186,766

112,273

27,763

21,573

21,119

18,699

12,652

31,396

21,576

23,427

15,564

9,356

Total
Monthly average

MICHIGAN SOFTWOODS.

January

16,260

11,110

8,410

8,923

4,S42

11,388

8,069

6,677

8,278

1,729

February

15.128

9,973

9,128

S,263

5,380

10,702

6,543

6,646

7.820

2,333

March

14,630

11,401

9,577

8,466

7,974

14,463

10;344

8,031

6,515

4,773

April

14,859

9,403

9,064

10,050

9,457

IS, 921

15,094

10,427

8,296

4,324

May

20,177

11,133

11,025

6,283

9,559

20,294

23,142

14,490

6,749

6,568

June

IS, 291

12,890

14,980

8,909

8,021

21,610

16,405

18,735

7,609

8,823

July

20,611

15,435

14,094

11,427

4,752

24,913

16,262

16,025

6,501

6,006

August

22,854

IS,463

15,157

12,225

6,363

26,771

14,736

18,074

8 527

7,217

September

20,961

11,956

15,015

13,549

5,403

21,007

12,523

18,326

6,274

11,048

October

19,791

12,590

15,464

9,895

4,519

17,479

9,285

16,990

5,566

13,086

November

15,101

7,262

8,333

6.. 830

8,245

16,327

17,938

10,614

3,702

11,277

December

8,790

S,313

5,279

5,666

5,386

9,011

8,055

9,247

2,095

7,219

207,453

138,929

135,526

110,486

79,901

212,892

158,396

154,2S2

77,932

S4,403

17,288

11,661

11,294

6,658

17,741

13,200

12,S57

6,494

7,034

24,698
22,274

Total
Monthly average

PINE LUMBER

PRODUCTION.

Western pine.'

Yellow pine.'
January

437,7S9

384,251

323,259

54,553

63,656

320,403

334,054

74,371

March

447,857

370,35S

408., 358

384,300

59,819
65,884

422,686

408,745
396,836

366,531
387,736

100,032

108,493
129,123

72,465
124,664

127,014

April

384,929
404,872
386,284

40,8S5
40,343

66,304

393,497

365,663
360,532

291,843

February

82,273

63,126
74,324

May

469,882

412,521

383,719
408,793

146,936

145,173

June

424,671

369,197

355,207

369,197

367,357

160,756

146,725

142,078
156,561

191,764

119,831

163,910
178,325

109,266

July

421,573

416,054

393,739

365,857

370,310

145,184

1.50,006

14S,172

177,437

108,354

August

449,406

372,876

407,486

367,260

396,062

142,441

148,S70

152,304

171,147

103,94^

September

413,392

355,836

430,334

359,951

391,948

127,895

128,575

151,5S7

163,096

84,984

October

431,786

320,016

436,337

329,455

401,484

119,025

117,307

154,22S

144,418

82,144

November

417,990

300,217

387,882

303,606

423,702

1OS, 663

87,091

110,483

105,805

63,155

December

351,819

312,658

348,866

260,911

389,832

81,099

61,700

fio,761

42,106

37,145

5,082,348

4,419,711

4,566,383

4,296,371

4,505,259

1,312,287

1,361,090

1,365,531

1, 613,599

893,249

423,529

368,309

380, .532

3.58,031

375,438

109,357

113,424

113,794

134,467

74,437

Total
Monthly average

t
1920,2

Figures given for production of yellow pine represent the computed production for 192 identical mills. Current figures and the method of computation can be found in
the February issue of the Survey, p. 91.
* Figures represent the computed production for 54 identical mills. Currentfiguresand the method of computation can be found in the Februaryissue of theSurvey,p.9l.




50
WHOLESALE TRADE,
INDEX NUMBERS.
Based on data from Government sources.1
(Base year in bold-faced type.)

Groceries.

Meats.

Dry goods.

Hardware.

Shoes.

Drugs.

Index of
wholesale
trade. 2

YEAR AND MONTH.

Relative to 1919.
1919 monthly average..
1920 m o n t h l y average..
1921 m o n t h l y average..
1922-monthly average..

100.0
113.0
77.1
79.8

100.0
54.5
56.1

100.0
114.9
86.2
86.9

SS.2
64.7
61.6

100.0
115.6
79.9
84.0

100.0
111.9
96.6
100.5

100.0
111.6
73.7
75.6

100.0

1919.
January
February...
March
April
May
June
July
August
September.
October
November..
December..

82.6
71.1
82.5
87.0
98.8
105.7
112.1
100.3
108.3
117.1
116.1
118.8

72.8
65.5
64.1
78.4
84.3
102.5
123.5
133.7
120.6
126.4
109.6
118.5

52.0
60.2
76.9
109.4
89.1
96.1
106.1
133.2
151.5
145.2
93.1
86.9

80.5
78.6
96.4
101.2
101.5
105.6
99.8
102.5
103.3
111.3
107.6
111.7

99.0
95.1
98.3
95.6
94.5
93.7
97.4
96.7
110.1
122.8
99.6
97.2

78.8
71.1
79.8
88.4
94.5
103.4
112.4
110.7
114.3
121.4
111.0
123.0

111.7
95.7
118.3
121.2
128.1
135.1
130.3
107.4
117.5
106.4
99.9
84.5

150.0
125.3
138.0
120.5
102.5
114.2
139.9
144.5
123.3
85.9
76.9
58.4

97.0
105.4
136.4
106.7
98.1
77.3
72.1
96.3
90.9
75.2
60.1
42.6

112.8
101.2

115.2
117.0
133.1
109.0
106.9
115.1
108.5
112.5
116.2
123.2
98.1

119.9
105.3
126.2
119.4
118.0
123.8
125.5
117.0
117.2
100.6
91.2
75.3

94.0
89.0
105.8
0«. 4
03.5
94.3
91.1
100.1
103.5
107.1
94.0
88.0

68.7
69.5
80.6
73.9
70.9
72. S
71.0
80.4
82.1
83.8
68.4
62.1

92.7
91.7
81.3
89.5
95.1
98.9
93.1
83.1

94.4
94.2
113.7
93.6
96.6
99.6
93.6
102.9
104.6
111.1
102.9
99.0

64.2
62.9
74.3
65.8
72.6
76.9
72.1
83.6
88.1
92.4
84.0
75.0

90.2
83.7

111.9
105.7

77.6

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

129.0
125.5
125.2
129.3
117.5
124.7
124.5
112.4
100.5
84.2

1921.
January
February...
March
April
May
June
July
August
September.
October
November..
December..

39.0
52.3
88.9
72.0

61.3
43.1
45. 6

64.1
80.7
100.7
SK. 6
70. I
SO. 6
75. 7
105.2
115.2
104.9
74.2
64.9

65. 6
62.2
76.3
66.2
74.1
X2.2
74.5
S6.4
90.5
98.7
95.8
85.0

40. 3
IS. 0
51.3
48. 3
58. 2
62.6
59.2
55.9
60.5
67.8
54.1
56.8

XI. 4
80.2
88.2
74.fi
79.0
78.9
80.2
112.7
116.1
108.3
94.4
72.8

43. 5
50.0
70.4
65.1

74.9
74.9

.56.7
54.6

105.4
100.8

55.7
56.4

73.4
72.6
82.5
74.5
74.1
77.6
77 1
82.0
81.1
84.8
76.0
69.0

65.6
55.9
51. 7
:>:?. I
M.O
5«. 6
57.9

fi-J.S
62.3
47.9
73.0
82.1
82.6
68.5
45.3

1922.
January
February...
March
April
May
June
July
August
September.
October....
November..
December..
1923.
January...
February-

71.9
70.5
93.1
92.1
84. 5
84.8

60.5
58.8

71.5
76.5
80.8
86.1
78.1
68.8

I

58.1

1

57.7
81.9
84.6

i

45.2
66.0
77.6
77.2
67.4

1

57.3

!

j

i Compiled by the Federal Reserve Board, Division of A nalysis and Research, from figures collected by the various Federal reserve banks. .Each line, except wholesale trade
in meat represents a combined weighted index of at least six Federal Reserve Districts, the indexes being weighted on the basis of the total value of their production in the
vear 19& For details and methods of computation see Federal Reserve Bulletin for April, 1922.
% Weighted average based upon the total volume of wholesale trade, in the lines separately shown.




51
COAL STOCKS.
Data from Government

sources.1
ANTHRACITE.

BITUMINOUS.

Estimated

Days* supply at daily rate of consumption held by specified consumers.*

Jtotal c o m2 mercial.

PERIOD.

Total.*

Total.

By-product coke
plants.

Steel
plants.

Other in- Coal-gas Electric
dustrial plants. utilities.
plants.

Thous.
of short
tons.

Coal
dealers.

Days'
supply.-

Railroads.
Thous.
of short Number.
tons.

Number of days.

1916.
Oct.l

27,000

1917.
Oct.l

28,100

1918.
July 15.. .
Oct.l
Nov. 11
1919.
Jan. 1
Apr. 1...
1930.
Mar.l
June 1
1921.
Jan.l
Apr. 1...
Aug. 1
Nov. 1
1922.
Jan. 1...
Mar.l
Apr. 1
Sept. 1
! Oct. 1
Nov. 1. . .
1923.
; Jan.l
Feb.l
Mar.l

39,700
59,000

...

63,000

45

35

45

71

85

49

37

31

57,900

42

32

42

65

81

49

3Q

32

40,400

36

847

31

21

13

11

710

21

55

44

30

24

48

26

23
24

688

66

51

89

51

33

35

1,296

44

56

82

54

23

42

1,075

28

18

15

9

27

31

45,800

39

29

36

28

42
38

64

39,500

47

48,000

41

42

46

52,500
7 63 QQQ

43

39

48

24,000

903

20,000

41,100
48,500
7
7

!

7

22,000

717

11

12

32

34

2G

11

13

138

«5

7

26,000

7 21

14

17

33

38

30

18

15

276

7

32,000

723

18

21

39

55

32

21

13

449

«7
11

7

16

402

11

18

351

8

16

215

6

36,000

726

19

27

40

60

33

16

7 38 000

7 24

20

26

36

62

35

15

7

7 22

19

26

34

58

34

11

36,000

i

1
2

Compiled by the U. S. Department of Commerce, Bureau of the Census, in cooperation with the U. S. Department of the Interior, Geological Survey.
The figures for 1918 are based upon an actual count. Beginning with Apr. 1, 1919, the figures are estimates based upon reports from a selected list of about 5,000
consumers,
whose stocks in 1918 bore a known relation to the known total stocks.
3
The estimates herein given are based upon incomplete data.
4
Based upon statements from 371 identical dealers who reported on each
date, except Mar. 1, 1923, from 368 dealers who reported 356,000 tons on Feb. 1.
:
6
> Based upon current rate of delivery to consumers.
Based upon rate of delivery in September, )92J.
7 Preliminary figures.

COTTON GINNED.
NUMERICAL DATA AND INDEX NUMBERS.
Based on data from Government sources.1
[Base year in bold-faced type.]
PRIOR TO SEPT. l.

Bales.

P R I O R TO SEPT. 25.

P R I O R TO N o v .

1.

P R I O R TO D E C . 1.

Relative to
5-year
aver-2
age.

Bales.

Relative to
5-year
average.s

Bales.

Rela- |
tive to i
.5-year j
aver- {
age. 2 I

Bales.

RelaI tive to
J 5- year
I aver! age. 2

P R I O R TO J A N . 1.

Bales.

Relative to
5-year
aver-2
age.

TOTAL GINNED.

Bales.

! Rela- i
: tive to I
•5-year j
I aver- i
age. 2 •

1909-1913 five-year average...
1914
'.

608,507
480,317

100

2,962,149

100

8,406,865

100

11,155,272

100

12,260,794

100

3,393,752

115

9,826,912

117

13,073,386

117

14, ^143,146

100
118

12,933,098

79

15,905,840

123

1915

463,883

76

2,903,829

7,378,886

88

9,703,612

87

10,636,778

87

11,068,173

86

1916

850,668

140

4,081,989

138

8,623,893

103

10,352,031

93

11,039,491

90

11,363,915

88

1917

614,787

101

2,511,658

85

7,185,178

85

9,713,529

87

10,434,852

85

11,248,242

87

1918

1,038,078

171

3,770,611

|

127

7,777,159

03

9,571,414

86

10,773,863

88

142,625

23

1,835,214 I

62

6,305,054

75

8,844,368

79

10,008,920

82

1920

351,589

58

2,249,606

7,508,633

89

10,141,293

91

11,554,648

94

485,787

80

2,920,392

99

6,646,354

79

7,639,961

68

7,882,356

64

817,171

134

3,883,006

131

8,139,839

97

9,318,144

84

9,598,907

78

11,906,480
11,325,532
13,270,970
7,977,778
9,729,048

92

1919
1921
1922
1
2

''

!

I

88
103
62
75

Data from (L S. Department of Commerce, Bureau of the Census.
As the cumulative ginning is the important factor, relatives here shown are based on the average cumulative ginnings prior to the respective dates instead of on a simple
monthly average.
»Amount ginned prior to Jan. 16,1922. The total amount ginned to the same date last year was 12,014,742 bales.




52
MISCELLANEOUS.
INDEX NUMBERS.
Based on data from non-Government sources,1
[Base year in bold-faced type; numerical data on opposite page.]

YEAR AND MONTH.

Balance Produc- Unsold Shipj to credit tion.
stocks. ments. Sales.
Ship- 3 o! dements. I positors,
I Chicago
district.
Relative to 1920.

Relative to 1919.
1919 monthly average.
1920 monthly average.
1921 monthly average.
1922 monthly average.

January..
February.
March
April
May
June




IOO
50
111

IOO
841
514

IOO
51
106

IOO
54
145

IOO
34
50

93
95
97
101

108
103
116
97
94
97

56
17
52
62
60
63

92
114
78
103
110

187
124
127
81
106
166

113
113
112
110
108
117

100
101
102
103
104
106

83
110
116
118
108
50

65
81
94
121
215
314

103
116
115
117
77

101
99
84
55
36
35

118
115
101
84
64
45

31
45
79
99
99
126

105
105
103
103
102
103

22
27
43
50
62
50

700
755
811
729
868
1,164

28
36
38
51
57
47

34
27
43
65
46
31

43
41
41
40
36
29

29
52
92
123
82
90

77
73
67
63
58
52

122
137
121
134
84
63

101
100
100
102
102
103

29
55
62
77
75
48

1,010
922
795
799
851
683

53
58
76
72
56

40
63
99
96
63
35

27
27
34
36
31
20

116
82
133
115
86
200

76
100
118

65
126
171

J02
102
102
102

173
151

209
207

102
104

50
7t
97
108
128
123

717
759
817
611
397
387

46
64
87
103
124
118

52
73
193
188
125
190

19
21
46
57
53
64

77
130
147
193
212
70

147
150
138
160
161
182

147
152
139
134
105
96

167
189
149
151
145
110

103
103
104
106
107
110

104
133
118
142
141
120

350
343
380
370
538
492

105
125
110
130
134
126

102
125
134
148
123

59
55
55
55
47
73

206
156
172
226
130

191
208

149
186

110
112

152
139

577
521

144
127

179
180

74
79

157
182
178

32
30
50
73
116
118

92
92
103
104

13
14
22
42
80
118

126
146
142
147
128
93

102
102
112
104
106
106

154
163
159
154
136
144

-111
107
136
137
142
137

123
135
142
154
162
161

186
238
254
275
272
230

115
109
120
140

131
120
99
113
94
83

154
161
143
166
181
196

194
161
97
88
61
54

131
104
96
98
50
38

45
34
47
88
123
142

196
175
163
157
175

50
49
51
68
71
85

139
153
126
137
119
103

181
185
188
176
186
207

67
126
144
187
183

213
211
216
199
188
176

140
165
154
182
151
149
129
102

IOO
168

1922.

July
August
September.
October....
November.
December..
January..
February.

IOO
102
103

117 j
105 !
144 i

1921.

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

!
IOO |
95 I
145 |

Relative
to 1921.

1920.

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

IOO !
176
64
121

Unfilled
orders.

1919.

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

ioo i I O O

SHEETS, BLUE, BLACK, AND
GALVANIZED.*

SAVINGS
DEPOSITS.

FACE BRICK. 2

1923.

See footnotes on opposite page.

-,

53

MISCELLANEOUS,
NUMERICAL DATA.
From non-Government sources. 1
[Base year in bold-faced type; index numbers on opposite page.]

SAVINGS

FACE BRICK.2

SHEETS—BLUE, BLACK, AND
GALVANIZED.*

DEPOSITS.

pro_

duction.

t o credit j
UnShipof d e - ;
Stocks. filled ments.3 positors,|
orders.
Chicago!
Dist. j

1919 mo.
1920 mo.
1921 mo.
1922 mo.

av
av.
av.
av.

| 15,647
18,362
16,383
22,460

1919.
January..
February.
March
April
May
June

Production.

Unsold Shipstocks. ments.

Thous. of
dollars.

Thousands of brick.

SOUTHERN BOND I S S U E S , s

tlONJ

Balance j

Y E A R AND M O N T H . |

SOUTH
ERN CONSTRUC

Sales.

ConUntracts
filled i awardRoads. Schools
otders.
ed.

27,525
48,430 |13,967 $751,130
17,489 i 13,328
767,556
33,257 ! 20,202
770,803

5,002
4,658
7,882
11,348
18,116
18,448

30,040
30,100
31,418
31,291
34,980
35,494

3,552
3,985
6,011
11,650
21,960
32,516

July
August
September..
October
November..
December..

19,735
22,840
22,149
22,961
20,065
14,560

34,558
34,602
38,044
35,513
35,941
36,139

42,475
44,902
43,727
42,358
37,518
39,641

1920.
January..
February.
March
April
May
June

17,310
16,813
21,237
21,412
22,264
21,391

41,777
46,061
48,335
52,367
55,029
54,908

51,148
65,600
70,012
75,690
75,001
63,236

16,064
15,173
16,754
19,484

702,033
714,731
728,252
736,552
744,224
758,804

July
August
September..
October
November..
December..

20,442
18,815
15,450
17,622
14,667
12,917

52,456
54,721
48,745
56,465
61,603
66,761

53,359
44,359
26,766
24,346
16,793
14, 854

18,266
14,549
13,348
13,715
7,044
5,276

752,610
757,607
765,302
775,339
783,164
794,942

1921.
January..
February.
March
April
May
June

7,044
5,351
7,357
13,779
19,184
22,266

67,470
66,715
59,579
55,286
53,280
59,586

13,816
13,520
14,023
18,587
19,524
23,276

4,273
6,352
11,068
13,759
13,789
17,537

789,240
785,427
777,107
770,941
769,830
772,881

July
August
September.
October
November..
December..

21,771
23,921
19,649
21,491
18,607
16,178

61,577
62,880
63,807
59,969
63,327
70,314

21,222
19,987
18,309
17,393
15,979
14,228

17,018
19,179
16,876
18,764
11,690
8,733

761,697 j 49,096 !
754,558
94,900
751,811 i 106,454
753,117
131,577
757,370
127,983
766,690
82,198

January..
February.
March
April
May
June

11,438
10,495
19,756
22,587
29,264
28,673

72,391
71,800
73,520
67, oil
63,867
59,804

14,569
21,040
27,403
32,512
47,572
43,283

6,491
9,130
17,589
23,851
29,202
28,923

755,236
758,258
757,209
755,475
758,091
771,873

July
August
September..
October....
November..
December..

21,922
25,756
24,076
28,555
23,689
23,309

49,959
51,080
46,855
54,473
54,689
61,908

40,434
41,781
38,313
36,836
28,947
26,388

1923.
January..
February.

20,149
16,012

64,877
70,751

41,087
51,296

171,489
85,409
190,864

5,590
46,989
28,703

Miscellaneous.

Thousands of dollars.

Short tons.

34,010 j
53,269 !
61,983 |
60,655 i

Sew-

172,161 | 140,844 689,853
87,702 I 75,329 I 232,551 $27,523
182,519 ! 203,869 ! 346,449 , 46,273 S $11,017

$4,124 j $3,432

$7,743

151,462
157,662
197,107
133,857
177,222
188,997

262,926
174,449
179,139
114,479
148,700
233,436

776,802
776,855
773,481
761,960
743,805
806,355

3,642
4,537
5,230
6,775
12,025
17,561

152,926
176,625
199,055
197,636
201,337
132,045

142,345
138,947
118,349
77,271
51,143

813,622
793,577
696,651
577,463
443,888
313,773

39,125
I 42,188
I 45,355
j 40,725
48,542
I 65,087

48,562
61,335
65,175
88,410
97,590
81,561

47,814
38, 111
60,145
91,406
64,538
44,064

296,453
283,068
279,500
278,566
246,571
202,191

8,108
14,351
25,362
33,889
22,630
24,842

56,478
51,511
44,427
44,639
47,591
38,200

67,234
90,534
100,035
130,374
124,611
96,997

56,893
88,513
139,283
134,578
88,894
49,713

185,153
184,363
231,536
249,922
212,239
141,047

31,935
22,531
36,469
31,532
23,610
55,029

8G,130
122,436
165,247
184,979
218,743
210,460

40,085
42,439
45,673
34,166
22,177
21,609

80,000
110,129
149,407
177,855
212,748
203,023

72,922
103,057
272,357
264,629
176,200
268,032

128,200
145,673
314,617
395,620
364,075
437,853

21,143
35,774
40,548
52,993
58,338
49,341

11,988
4,392
11,791
8,379
15,314
19,302

10,477
6,377
6,127
2,398
4,274
4,399

4,240
2,587
4,574
4,846
3,531
800

22,621
2,258
6,057
14,448

23,379
26,361
20,870
21,075
20,255
15,296

763,522
179,100
766,325
228,398
202,600
772,263
243,476
782,594
792,984 , 242,562
815,805 j 205,239

19,586
19,184
21,241
20,690
30,084
27,500

181,381
215,200
190,027
223,874
230,320
216,266

143,563
175,495
188,863
208,916
172,774
399,624

409,885
379,249
378,574
376,394
321,487
505,766

52,054
.56,828
42,977
47,342
62,116
35,822

6,455
8,816
10,955
12,701
13,507
8,600

3,767
4,258
1,125
1,067
4,280
934

1,037
3,176
2,921
6,658
936
5,883

6,270
6,579
3,510
6,160
5,949
5,984

19,087
13,660

818, 513
827,691

260,520
237,919

32,229
29,123

248,337
217,808

252,489
253,197

511,346
547,897

2,996
10,966

2,C27
1,799

505
2,544

15,3C4
4,893

I
i
I
i
i

185,271
3,128
177,410 j
2,887
198,606
3,491
165,811
3,329
161,645
3,507
166,819

142,023
188,458
198,467
202,703
185,450
' 85,204

;
!
I
i

37,011
45,520
74,240
85,591
106,969
! 83,374

1922.
9,996
3,088

1
Except savings deposits, Chicago Federal Reserve District, from the Chicago Federal Reserve Bank for 210 banks and is here substituted for the column reporting
similar
data for 219 banks in the February SURVEY (NO. 18).
2
The figures on face brick are supplied by the A merica s Face Brick Association for 32 identical mills. It should be noted that thefiguresused in former numbers of the
SUBVEY
represented the combined summary for all the firms reporting to the association.
3
Relative to a ten months' period, March to December, 1920.
* Sheets, blue, black, and galvanized, reported by the National Association of Sheet and Tin Plate Manufacturers, representing almost all the independent sheet manufacturers, rrior to this number of the SURVEY, data were shown in terms of per cent of capacity.
* Data compiled by the Manufacturers' Record. The south herein represented consists of Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland,
Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia.




54

WORLD PRODUCTION OP COTTON.*
World total.

Country
New crop available..

Peru.

United
States.

Mexico.

India.

June.

August.

August.

November.

Egypt,

Brazil.

September. September,

Thousands of bales (478 pounds net).
Normal consumption (1909-1913).

1914
1915
1916
1917

20,660
24,630
18,470
18,970
18,370

106
129
113
127
125

13,033
16,135
11,192
11,450
11,302

108
95
103
135

3,584
4,356
3,126
3,756
3,390

322
387
282
281
345

1,453
1,337
989
1,048
1,304

1918..
1919.,
1920.,
1921.

18,580
19,925
20,940
15,330

129
155
164
157

12,041
11,421
13,440
7,954

203
199
188
126

3,324
4,850
3,013
3,735

384
451
612

999
1,155
1,251
902

1922, latest estimates.

18,300

9,762

U05

'4,348

553

1,015

1909-1913 average..

1

From private sources.

«1922 acreage 12,496,000 compared with 11,976,000 i n 1921.

WORLD PRODUCTION OF WHEAT.*
World total.

Country
New crop available

Argentina.

Australia.

India.

United
States.

Spain.

Italy.

France.

January.

January.

March.

July.

August.

August.

August.

Germany. Rumania. Canada.
August.

August.

September.

Millions of bushels.
Normal consumption
(1909-1913)
1909-1913 average
1914
1915
1916

. .

1917
1918
19ig
1920
1921

....

1922 latest estimates
1923, latest estimates

64

37

301

531

136

236

361

221

34

110

3,577
3,586
4,199
^,609
» 2,288

157
114
169
173
80

85
103
25
179
152

351
312
377
323
282

687
891
1,026
636
637

130
116
139
152
143

183
170
171
177
140

317
283
223
205
135

152
146
142
»110
»82

87
49
89
78

197
161
394
263
234

1

2,804
» 2,743
i 2,868
i 3,069

184
172
214
170

115
76
46
146

370
280
377
250

921
968
833
814

136
129
139
145

183
170
141
194

226
M87
«237
«323

•86
»80
'83
«108

•18
»66
«70
«76

189
193
263
301

^lOO

181
194

128
105

366

856

126

164

«243

4 72

« 83

400

1
Russia excluded. No accurate statistics are available.
< New boundaries.
* Excludes Alsace-Lorraine.
* Former kingdom, Bessarabia and Bukowina.
* Excludes Dobruja.
• Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economic*, and corrected monthly in accordance with latest available information received
by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order in which crops are harvested.




WORLD PRODUCTION OF CANE SUGAR AND FLAXSEED.*
FLAXSEED.

CANE SUGAR,

Java
•I a\a.

• CUnited
tof.G i

R
pa7li
israzii.

Hawaii.

World
total.

YEAR

May.

Oct.

Oct.

Nov.

Porto
Rico.

Cuba.

Dec.

Dec.

United
States.

ArgenUna.

India.
World
total.

Apr.

Jan.

Dec.

Thousands of short tons.

Aug.

Aug.

Thousands of bushels.

1909-1913 average..! 9,971
1914
! 11,293

1,514

311

»38

567

363

2,295 1

2,614

110,992

31,989

19,870

19,505

1,054

247

344

646

346

2,967 1

2,757

94,559

36,928

15,448

13,749

7,175

1915

12,776

1,797

139

486

593

484

3,437 I

2,950

103,287

45,040

15,880

14,030

10,628

1916

13,442

2,009

311

413

645

503

3,442 j

3,058

82,151

1917

14,508

1,960

246

493

577

454

3,957

3,708

41,063

!

39,289 !

12,040

19,040

14,296

8,260

4,032

21,040

9,164

5,935

1918

13,324

1,478

284

440

600

406

4,597

2,617

61,821

19,588

20,600

13,369

6,055

1919

13,799

1,473

122

496

556

485

4,209

3,361

61,692

30,775

9,400

7,256

5,473

1920

13,656

1,579

176

580

522

4,408

2,826

87,964

42,038

16,760

10,774

7,998

14,143

1,850

< 328

676

655

490
408

«4,476

2,903

83,288

50,470

10,800

8,029

4,112

'14,735

1,9S6

«242

532

»692

•393

»4,595

,900

32,272
46,297

17,360

12,238

5,685

1921

;

1922 latest est
1926, latest est

'.

'

i Louisiana and Texas.

a

s From private sources.

»Exports.

< Louisiana and Texas.

WORLD PRODUCTION OF BEET SUGAR.*
World1
total.

1 United
i States.

Ger- Czechomany. Slovakia.

Russia

etherP o l a n d . Nlands.

DenSpain. mark.

Italy.

Sweden.

YEAR.

Thousands of short tons.
1909-1913 average
1914 . . . .
1915
1916
1917
1918
1919
1920
1921

. . .

1922 latest estimates
1

8,432
8,331
6,056
5,808
5,208
4,592
3 490
4,997
5,360
»5,707

610

2,296

1,017

1,726

722

2,721

1,004

1,879

279

726

808

559

86

1,089

1,212

770

55

1,020

1,429

730

55

239
293
263
249
106
195
198

727

1,635

2 799

"217

«292

374

1,678

812

1,824

821

1,721

805

1,457

765

1,726

584

1,134

761

1,484

688

318

\

Crops in all countries here given are harvested beginning in September.

2

263

152

171

185 i

91

149

314

268

370

382

315

403

150
249 j

104
91

158

154
170
140
151
144
141
141
181
259

2 319

»330

496

U90

U02

*80

246

276

759

209

116

128

316

215

334

166

112

168

264

120

150

166

117

143

286

140

204

136

221

139
154

124

215

160
162 |

182

78

121

120

169

149
156

I

S291

168

»Includes Ukraine; data from private sources.

From private sources.

WORLD PRODUCTION OF RICE.*
Country

World total.

New crop available

India.

Egypt.

Apr.

Apr.

*

Spain.

Japan.

j Sept.

Sept.

Nov.

Italy

Aug.

tedta.
j

Dec.

P"»«- !
Dec.

Millions of pounds (cleaned).

Normal consumption (1909-1913)
1909-1913..
1914
,
1915
1916
1917
,
1918
1919
1920
1921
1922 latest estimates..

67,891

875

110,780

72,950

102,986

61,022

114,500 I

73,526

112,300 i

77,932

553
81
542
237

122,000

81,198

487 !

55,218

1,072
1,166

662 j

62,783 ;

692
607
634

763
708
716
712

1,446

997

73,907

472 j

1,045

Ml

55,621

»33

1,166

|

97,400
117,200 j
90,777
120,797

71,613

681
657
804
1,135

965

646
741

!

,

297

14,009

7,349

1,124

337

17,909

7,826

1,404

320

17,569

329

18,360 !

322

17,143

8,323

1,746

282

17,184

8,465

2,210

412

19,106

7,051

394

19,849

6,480

356

17,336

6,480

1,977
2,127
2,560

373

19,067

5,207

2,517

1,100
1,289

1
3
Java and Madura.
* Acreage about half of normal: Summer crop only given.
1922 acreage 296,500 compared with 286.400 acres in 1921.
•Data compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, and corrected monthly in accordance with latest available
information received by that department or by the Department of Commerce, Bureau of Foreign and Domestic Commerce. Countries are placed in the order
in which orops are harvested.




56

CONSUMPTION OF GASOLINE AND KEROSENE BY STATES.1
Total,
Identical Arkansas.
States.?

South
MinneNeNew North
Colo- | Coji- Florida. Georgia.' Indiana.
Kansas. sota. braska. I Mexico. Dakota. Oregon. Carorado. necticut.
lina.
GASOLINE (in gallons).

1921.
January
February
March
April
May
June
July
August
September
October
November
December

'

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

48,679
45,507
69,510
68,362
70,620
78,880
87,853
99,726
86,590
90,730
70,788
56,796
834,522

'

Total

2,103
1,880
2,121
2,205
2,544
2,244
3,597
3,150
2,681
4,407
2,742
2,396

4,305
2,730
5,624
4,217
3,912
4,666
5,548
6,534
6,527 !
5,650 !
5,240 !
4,555

6,135
5,133
6,085
6,493
5,989
5,428
6,892
7,191
7,561
7,568
7,521
5,693

5,353
5,174
5,772
5,234
4,663
4,705
4,476
4,833
4,668
5,066
5,554
5,987

; 32,068 I 59,987
;i
j 2,192
jj 1,803
jj 2,265
^ 1,766
i 2,084
j 2,728
! 2,645
j 3,974
: 4,026
;j 2,443
'••• 3,382
, 2,331

4,098
4,114
4,432
5,744
6,164
5,623
6,220
6,882
7,007
5,372
6,278
4,381

3,311
3,273
4,572
6,214
7,518
7,950
8,594
8,864
8,547
7,620
6,879
5,654

5,865
5,964
6,450
5,935
5,737
5,524
5,442
5,341
5,559
5,537
6,228
7,070

944,410

. 31,639

66,314

78,995

70,652

5,299
7,791
11,190
8,729
11,236
12,774
15,015
16,202
10,814
13,665
9,242
8,105

77,688 i 115,110 I 130,063

61,487

56,857
52,001
57,117
68,070
85,155
85,802
99,918
105,578
86,967
89,919
84,581
72,446

8,068
6,352
10,919
12,635
12,988
16,310
15,695
17,488
16,870
15,963
12,166
9,654

9,228
8,020
8,925
10,367
10,520
13,917
16,219
17,649
8,092
13,959
9,986
11,129

10,582
8,137
10,187
12,248
18,126
13,776
18,308
18,686
14,717
15,621
19,844
14,618

6,180
6,863
5,974
6,915
6,761
6,131
7,419
7,610
8,008
6,996
7,712
7,609

84,178 \ 174,850 138,011

6,044
4,997
8,820
11,782
12,311
15,270
15,765
18,493
14,453
14,302
10,783
6,131
139,151
6,569
4,933
5,516
8,292
16,515
15,992
18,166
18,463
15,780
16,307
14,308
8,088

4,750
4,793
6,675
8,256
6,936
6,722
8,502
9,072
9,874
10,593
9,115
6,684

!
j

! 1,516
i 1,136
1,875
| 3,099
! 3,475
I 3,916
; 4,458
7,317
3,641
5,638
1,996
1,224

i
:

91,974
5,126
6,677
5,649
7,172
8,258
10,246
8,418
10,927
8,491
11,508
6,286
8,471

2,444
2,644
3,095
3,950
4,472
5,066
5,829
5,936
5,340
4,923
3,870
3,398

2,662
2,877
7,334
1,762
2,094
1,779
2,076
3,510
4,161
2,955
2,559
2,969

39,290 i 50,968 36,736
997

821
1,077
1,575
1,314
1,300
1,263
1,776
1,539
1,355

148,929 | 97,228 ; 14,802

2,653
2,663
3,1S4
3,993
4,977
5,752
6,602
6,756
6,364
5,405
4,758
4,066

3,121
2,371
3,526
3,435
2,654
3,285
4,24t>
3,557
3,461
2,963
4,555
3,051

35,211 | 57,173

40,225

1,243
456
1,009
2,203
3,359
2,828
6,233
5,733
5,462
3,80S
1,244
1,632

KEROSENE (in gallons).
1921.
January
February
March
April
May
June
July
August
September
October
November.
December..

946
959
1,181
1,336
1,518

2,130
1,805
1,837
1,647
1,207
1,380
1,276
1,672
1,685
2,290
2,342
2,033

3,608
2,506
3,606
4,188
4,185
3,670
3,608
4,634
4,713
4,551
3,154
2,775

5,549
2,493
3,150
3,313
3,385
3,568
5,820
6,014
4,329
4,073
2,963
2,392

2,344
1,944
2,426
3,257
3,038
2,684
3,389
5,955
4,669
4,301
2,986
2,196

1,591
1,650
2,268
2,545
1,936
1,668
2,173
3,209
3,316
3,223
2,402
1,999

784
540
668
1,456
1,272
1,267
1,979
2,493
2,136
1,996
779
555

1,331
1,439
3,667
881
1,047
889
1,038
1,755
2,081
1,477
1,279
1,484

8,907

; 13,859

21,602

45,195

47,049

39,189

27,981

15,925

18,369

519

1,708

620

1,335

569
528
870
969
750
1,148
1,048
665
720

1,367
1,205
1,145
1,058
1,012
1,127
1,124
1,308
1,457
1,665

1,981
1,981
1,759
2,108
1,578
1,520
1,558
1,893
2,322
2,035
2,200
2,156

2,601
2,193
2,754
3,527
3,592
4,281
6,142
7,006
7,625
4,881
4,081
3,010

2,076
2,017
2,574
2,893
3,716
3,329
3,138
5,001
4,395
4,902
3,840
3,287

738
468
858
1,154
1,702
1,061
1,840
2,446
2,649
1,666
413
987

1,560
1,186
1,763
1,718
1,327
1,643
2,123
1,778
1,731
1,482
2,278
1,526

46,404 ! 51,693

41,168

16,982

20,115

20,927
15,230
20,862
20,153
18,832
17,450
22,324
28,305
26,030
25,538
18,918
16,476

1,446
1,064
1,161
1,130
1,151
770
1,280
727
1,080
1,389
801
1,067

621
457
847
648
638
668
875
900
1,062
857
876
457

1,523
1,332
1,232
1,088
973

251,141

13,065

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

16,820
15,148
10,278
19,966
23,725
21,732
23,911
29,449
27,320
j 25,603
I 21,450
| 20,179

1,222
1,054
69
90S
920
1,049
882
968
703
692
1,074
917

Total

262,575

10,457

|

Total.
;
j
j
|
'
|
!
!

556

8,962

15,510

i
1

•

3,303
2,662
3,041
3,897
6,258
3,552
3,984
4,137
3,048
4,611
3,980
3,932 I

23,091

I

,

1,112
1,632
1,524
2,028
2,617
3,270 1
2,482 I
3,945
2,675
3,361
1,407
2,143
28,195

i

Data compiled by American Petroleum Institute from reports of gasoline and kerosene tax collections in the States shown.
> Cumulative total for gasoline represents the combinea consumption in the following States: Akansas, Colorado, Florida, Georgia, Indiana, Kansas, Minnesota,
Nebraska, North Dakota, Oregon, and South Carolina; and for kerosene the consumption in the 10 States separately shown.




57
SOURCES OF DATA.
CURRENT PUBLICATION.1

DATE OP PUBLICATION.

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN.
AUSTRALIAN COMMONWEALTH'S B U REAU OF CENSUS AND STATISTICS.
BANK OF JAPAN

Price index for Australia

Federal Reserve Bulletin

Second week of month.

Price index for Japan

Federal Reserve Bulletin

Second week of month.

BRITISH BOARD OF TRADE

Price index for United Kingdom

British Board of Trade Journal.

Price index for Canada
Kmployment in Canadian trade unions
Operations of Canadian employment service...
CANADIAN DEPARTMENT OF TRADE Foreign trade of Canada
AND COMMERCE.
Canadian railroad operations
Canadian iron and steel production
FEDERAL RESERVE BANK OF ATLANTA . Wholesale trade
CANADIAN DEPARTMENT OF LABOR

Savings deposits in First Federal Reserve
District.
Savings deposits in Seventh Federal Reserve
District.
Agricultural pumps
RESERVE BANK OF CLEVE- Savings deposits in Fourth Federal Reserve
District.
RESERVE BANK OF DALLAS. . Wholesale trade
RESERVE BANK OF KANSAS Wholesale trade

Labour Gazette (Canadian)
Employment
Employment
Foreign trade of Canada
Operating Revenues, etc., of Railways *.
Press releases*
Business Conditions

FEDERAL RESERVE BANK OF BOSTON.

Monthly Review

FEDERAL RESERVE BANK OF CHICAGO.

Business Conditions..

FEDERAL
LAND.
FEDERAL
FEDERAL
CITY.
FEDERAL RESERVE BANK OF N E W
YORK.

FEDERAL RESERVE BANK OF PHILADELPHIA.
FEDERAL RESERVE BANK OF RICHMOND.
FEDERAL RESERVE
FRANCISCO.

BANK OF SAN

FEDERAL RESERVE B O A R D . .

Monthly.

Business Conditions.
Business Review

Monthly.
Monthly.
Monthly.

Business Conditions.
Business Conditions.

Monthly.
Monthly.

Federal Reserve Bulletin and daily state- Daily and monthly.
ment.*
Monthly.
Monthly Review

Reserve

Business and Financial Conditions

Monthly

Business and Financial Conditions
Business and Agricultural Conditions
Business and Agricultural Conditions
Business Conditions
Business Conditions
Federal Reserve Bulletin
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin and weekly press
releases.*
Federal Reserve Bulletin

Monthly.
Monthly.

Reserve
Reserve

Condition of Federal Reserve banks
Condition of reporting member banks

FEDERAL TRADE COMMISSION.

Money beld outside U. S- Treasury and
Federal Reserve Systems to July 1,1922.
Wholesale price index numbers
Department store trade; in cooperation with
National Retail Dry Goods Association.
Index numbers of department store, mail
order and chain store trade.
Barley and rye receipts
Sales of loose leaf tobacco
Index of ocean freight rates
Index numbers of production
Wholesale trade
Paper and wood pulp production, prices, etc..

FRENCH MINISTRY OF LABOR AND
SOCIAL WELFARE.
INDIAN DEPARTMENT OF STATISTICS...

Price index for France..

Bulletin de la Statistique Generate.

Price index for India

Federal Reserve Bulletin

INTERSTATE COMMERCE COMMISSION..

Railway revenues and expenses

MASSACHUSETTS
DEPARTMENT
OF
PUBLIC UTILITIES.
NEW YORK STATE DEPARTMENT OF
LABOR.
NEW YORK STATE DEPARTMENT OF
PUBLIC WORKS.
PANAMA CANAL
PENNSYLVANIA DEPARTMENT OF LABOR AND INDUSTRY.
U.S. DEPARTMENT OF AGRICULTUREBUREAU OF ANIMAL INDUSTRY.
U.S. DEPARTMENT OF AGRICULTURE—
B U R E A U OP A G R I C U L T U R A L
KCONOMICS

Telephone operating revenue and income
Telegraph operations and income
Express operations and income
Milk receipts at Boston

Federal Reserve Bulletin..
Federal Reserve Bulletin..

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

Federal Reserve Bulletin..

Monthly.

Federal Reserve Bulletin..
.Federal Reserve Bulletin..
Federal reserve Bulletin.
Federal Reserve Bulletin.
Federal Reserve Bulletin.,
Monthly press releases *...

Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Newsprint, 20th to 25th of th« month;
other paper and wood pulp, 1st of
following month.
Second week of month.

I Preliminary statement of operations of
Class I roads.
Not published
Not published..
Not published.
Not published.

Monthly.

New York State factory employment and
earnings.
New York State canal traffic

Labor Market Bulletin and press releases *

Monthly.

Annual report

Yearly.

Panama Canal traffic
Unemployment in Pennsylvania.
Beef,pork, and lamb production..

The Panama Canal Record.
Semimonthly report *

Last weekly issue o/ month.
Semimonthly.

Market Reporter 2

Prices of farm products to producer .
Wool consumption and stocks
Crop production

Monthly Crop Reporter «
Market Reporter >
Monthly Crop Reporter s

Last weekly issue of month or first
of next month.
Monthly.
First weekly issue of month.
Releases about 1st of month (cotton)
and 10th (other crops).
Fourth weekly issue of month.
Third weekly issue of month.
Weekly.
Quarterly.
Third weekly issue of month.
Monthly.
Weekly.
Annually.
Yearly
Yearly

Cold-storage holdings and fish frozen
Movement of cattle, hogs, and sheep
Receipts of butter, cheese, eggs and poultry...
Production of dairy products
Car lot shipments of fruits and vegetables
Farm labor, wages, supply, etc
World crop production
Live stock on farms
U. S. DEPARTMENT OF AGRICULTURE— Total lumber production from 1913 to 1920
FOREST SERVICE.
Wood pulp production, 1914 and 1916
U. S. DEPARTMENT OF C O M M E R C E BUREAU OF THE CENSUS.

Monthly.
Monthly.

Reserve

Foreign exchange rates ana index
Savings deposits in Second Federal
District.
Savings deposits in Third Federal
District.
Wholesale trade
Savings deposits in Fifth Federal
District.
Wholesale trade
Savings deposits in Twelfth Federal
District.
Wholesale trade
Foreign exchange index numbers
Debits to individual accounts

Monthly.
Semimonthly.
Semimonthly.
Monthly.

Cotton ginned
Cotton consumed and on hand
Active textile machinery

and

press

Market Reporter s
Market Reporter'
Market Reporter *
Market Reporter 2*
Market Reporter
Monthly Crop Reporter f
Foreign crops and markets*
Market Reporter 2.
,
Production of Lumber, Lath and Shingles.
Pulpwood consumption and Wood-pulp.
Production.
Preliminary report on ginnings *
Preliminary report on cotton consumed...
Reports on wool machinery and on cotton
spindles.*
Census of hides, skins, and leather *

Semimonthly during season.
15th of month.
20th of month.

First week of month.
Leather, hides and" shoes, production and
stocks.
18th
of month.
Cotton seed and cottonseed oil
Preliminary report on cotton seed
Quarterly (one month after end of
Stocks of tobacco held by manufacturers and Statement on stocks of leaf tobacco
quarter).
dealers.
• Multigraphed or mimeographed sheets.
1
This is not necessarily the source of the figures published in the SURVEY as many of them are obtained direct from the compilers prior to publication in the respective journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of tbe SURVEY,
«Beginning Jan. 7,1922, combined into new publication called Weather, Crops, and Market*, issued weekly.




58
SOURCES OF DATA—Continued.
DATE OF PUBLICATION.

CUBRENT PUBLICATION.

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued.
Production indexes of raw materials and
manufactures.
I Fats and oils, production, consumption, and
stocks.
Fabricated structural steel sales from April
1922.
i Automobile production
Sugar statistics
Steel castings sales
Steel furniture shipments
U. S. DEPARTMENT OF COMMERCE- Fish catch at principal fishing ports

U. 3. DEPARTMENT OF COMMERCEBUREAU OF THE CENSUS—Contd.

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

U. S. DEPARTMENT OF COMMERCEBUREAU OF NAVIGATION.
U. S. DEPARTMENT OF COMMERCEBUREAU OF STANDARDS.
U. S. GRAIN CORPORATION
U.S.DEPARTMENTOFTHE I N T E R I O R BUREAU OF MINES.
U.S. DEPARTMENT OF THE I N T E R I O R GEOLOGICAL SURVEY.

U. S. DEPARTMENT OF THE INTERIOR—
U. S. PATENT OFFICE.
U. S. DEPARTMENT OF LABOR—EMPLOYMENT SERVICE.
U. S. DEPARTMENT OF LABOR—BUBEAU OF IMMIGRATION.
U. S. DEPARTMENT OF LABOR—BUREAU OF LABOR STATISTICS.

U. S. POST OFFICE DEPARTMENT
U. S. TREASURY DEPARTMENT
U.

S. TREASURY
DEPARTMENTBUREAU OF THE MINT.
U. S. TREASURY DEPARTMENT—BUREAU OF INTERNAL REVENUE.
U. S. WAR DEPARTMENT—ENGINEER
CORPS.
U. ti. WAR DEPARTMENT—MISSISSIPPI
WARRIOR SERVICE.
WISCONSIN INDUSTRIAL COMMISSION...

Monthly.

ISurvey of Current Business...
Statistics of fats and oils *..
Pressrelease*.
I

\ Press release
| Pressrelease
Press release *.
Press release *
Monthly statement.

Quarterly (one month after end of
; quarter).
: 15th of month.
! 20th of month.
; 20th of month.
i 20th of month.
20th of month.

All imports and exports

Last week of month.

Tonnage of vessels, entered and cleared in
United States foreign trade.
Data on trade, employment and coal and iron
production of foreign countries.
Wholesale price of wool
W arehouse stocks of rice

> Monthly Summary of Foreign Commerce.
| (Part I . ) 1
j Monthly Summary of Foreign Commerce.
' (Part II.)
| Various foreign sources
|
| Wholesale Prices
Monthly Summary of Foreign Commerce.
! (Part II.)
Vessels under construction and vessels com- !j Commerce Reports
pleted.
Building material price indices
Not published

Middle of next month.

Wheat flour production, prior to July, 1920
Refined petroleum products, production, etc..
Portland cement, production, etc
Coal and coke production

No longer published
Refinery Statistics*
Report on Portland cement output •
WTeekly report on production of coal *

Crude petroleum, production, etc
Klectric power production
Annual figures on non-ferrous metal production.
Patents granted

Preliminary statistics on petroleum *
Production of electric power *
Mineral Resources

Yearly.
Monthly.
First weekly issue of month (Mondays).

Second week of month.

;

20th of month.
Second or third weekly iscue of
month (Saturdays).
25th of month.
End of month.
Annuallv.

;

Not published

Number on pay roll—United States factories.. Industrial Survey *
j
Employment agency operations
Report of Activities of State and Munlci- •
pal Employment Agencies.
Immigration and emigration statistics
Not published
Wholesale prices of commodities, including Wholesale Prices of Commodities
farm products, food, clothing, metals, etc. .
Monthly Labor Review
Wholesale price index
Monthly Labor Review
Retail price index of foods
Monthly Labor Review
Retail coal prices
United States postal savings
Postal Savings News Bulletin
Postal receipts
Statement of Postal Receipts *
(iovernment debt, receipts and disbursements. Daily Statement of the U. S. Treasury
Money in circulation from July 1, 1922
Federal Reserve Bulletin
Domestic receipt* of gold at mint
Not published
Oleomargarine production
Consumption of manufactured tobacco, snuff,
cigars, cigarettes. and oleomargarine.
!
Internal Revenue taxes on specified articles ..,
Iron ore movement
i!
Sault Ste. Marie Canal traffic
Barge traffic on Mississippi River

First week of month
Every 4 or 5 weeks.

Monthly.
Monthly.
Monthly.
12th of month.
7th of month.
Last day of month.
Monthly.

N ot published
Statement of tax-paid products •
Classified collections of Internal Revenue.
Monthly statistical report
Monthly statistical report
Not published

Wisconsin factory earnings and employment.. Bulletin on Wisconsin labor market *

First week of month.
25th of month.
Monthly during seasonMonthly during season.
j 15th of month.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS.
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
ABERTHAW CONSTRUCTION CO
ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHAVGE.
AMERICAN MANUFACTURERS ASSOCIATION OF PRODUCTS FROM CORN.
.AMERICAN BUREAU OF METAL STATISTICS.

Buildiug costs

Construction trade papers.,

Sales of abrasive paper and cloth

Not published

Corn ground into starch, glucose, etc

Not published

Copper production
Not published
Silver production
Not published
Zinc production in Belgium
Not published
AMERICAN FACE BRICK ASSOCIATION. Zinc stocks in United Kingdom
Not published
Not published
AMER.CAN IRON AND STEEL INSTITUTE. Face brick production, stocks, etc
Press release to trade papers •
I 7th of month.
AMERICAN PETROLEUM INSTITUTE... Steel ingot production
Gasoline and Kerosene Consumption by j Special statement..."
States.
!
!
AMERICAN PIO IRON ASSOCIATION
Merchant
iron production, etc
i Not
published..
AMERICAN
RAILWAY
ASSOCIATION
Freight carpig
surplus
Summary
of Car Surplusages and Short- Weekly.
(Car Service Division).
j ages.*
Freight car shortage
j Summary of Car Surplusages and Short- Weekly.

AMERICAN TELEPHONE AND TELEGRAPH Co.
AMERICAN WALNUT MANUFACTURERS'
ASSOCIATION.
AMERICAN WRITING PAPER COMPANY.
AMERICAN ZINC INSTITUTE
ANTHRACITE BUREAU OF INFORMATION
ASSOCIATION OF LIFE INSURANCE
PRESIDENTS.
BOSTON CHAMBER OF COMMERCE
BRIDGE BUILDERS AND STRUCTURAL
SOCIETY.
BUREAU OF RAILWAY ECONOMICS




Car loadings
Bad-order cars
Stockholders in the company..
Walnut lumber and logs
Purchases and sales of paper
Production and stocks of zinc
Anthracite shipments and stocks
New life insurance business

Information Bulletin *.
Information Bulletin *.
Financial papers
Not published.
i Not published
! Press release to trade papers •
I Statement of anthracite shipments •
Not published

Receipts of wool at Boston
Trade papers
Fabricated structural steel sales before April, No longer published
1922.
Number of tons carried 1 mile
S ummary of operatin g statistics
Average receipts per ton-mile
Not published
Passengers carried 1 mile
, Summary of operating statistics
Railway employment
i Not published
Locomotives in bad order
j Not published

• Multigraphed or mimeographed iheets.

Weekly.
Third week of month.
Quarterly.
|
j 15th of month.
| 15th of rcontb.
Daily.
M onthly.
Monthly.

* Imports and exports of gold and silver in Part II-

59
SOURCES OF DATA—Continued.
SOURCE.

DATE OF PUBLICATION.

CURRENT PUBLICATION.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
CALIFORNIA REDWOOD ASSOCIATION..

Redwood lumber production, etc....

Not published.

CALIFORNIA WHITE AND SUGAR PINE
ASSOCIATION.
CHICAGO BOARD OF TRADE

Sugar pine lumber production, etc..

Not published.

Wheat, corn and oats, receipts, etc..

Trade papers.

CONTAINER CLUB

Production of paper box board

Not published..

CREDIT CLEARING HOUSE

Credit conditions

Credit-

DAIRYMEN'S LEAGUE COOPEEATIVE
ASSOCIATION, INC.
F. W. DODGE Co

Milk deliveries to milk plants

Not published

Building statistics—Contracts awarded

Statement on Building Statistics.

Enameled sanitary ware

Not published

ENAMELED SANITARY MANUFACTURERS
ASSOCIATION.
FEDERATION OF IRON AND STEEL

British iron and steel production

Trade papers

FINE COTTON GOODS EXCHANGE

Fine cotton goods production and sales

Trade papers

MANUFACTURERS (British).

Daily.
Weekly.
,
Monthly.
Second week oi month.

ILLUMINATING GLASSWARE GUILD

Illuminating glassware production, orders, etc

N ot published

JACKSONVILLE CHAMBER OF COMMERCE

Turpentine and rosin receipts

Naval Stores Review

Weekly.

KNIT GOODS MANUFACTURERS OF
AMERICA.
LEATHER BELTING EXCHANGE

Knit underwear production, etc

Monthly report *

Monthly.

Monthly reporti not published)..

Sales of leather belting
Maple flooring production, etc

MAPLE FLOORING MANUFACTURERS'
ASSOCIATION.
MCLEAN BUILDING REPORTS, L T D . . .

j Not published

Canadian building contracts

Canadian Building Review

,

Receipts and shipments of lead and zinc
' Receipts and shipments at St. Louis
Not published
Mississippi River traffic
MICHIGAN HARDWOOD MANUFACTUR- Hardwood and softwood lumber, production Not published
ERS' ASSOCIATION.
and shipments.
MINNEAPOLIS CHAMBER OF COMMERCE. Linseed oil and oil-cake shipments
Monthly statements.
MERCHANTS' EXCHANGE OF ST. LOUIS

NATIONAL ASSOCIATION OF BRASS
MANUFACTURERS.
NATIONAL ASSOCIATION OF CORRUGATED AND FIBER BOX MANUFACTURERS.
NATIONAL ASSOCIATION OF FARM
EQUIPMENT MANUFACTURERS.
NATIONAL ASSOCIATION OF STEEL
FURNITURE MANUFACTURERS.
NATIONAL ASSOCIATION OF SHEET AND
TIN PLATE MANUFACTURERS.
NATIONAL ASSOCIATION OF WOOL
MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF
COMMERCE.
NATIONAL BOTTLE MANUFACTURERS'
ASSOCIATION.
NATIONAL INDUSTRIAL CONFERENCE
BOARD :
NATIONAL RETAIL DRY GOODS ASSOCIATION.
NATIONAL WOOD CHEMICAL ASSOCIATION.
NEW ORLEANS BOARD OF TRADE

Brass stop cocks, orders and shipments

Not published

Production of paper-box board

Not published

Agricultural pumps
Steel furniture shipments

j Business conditions (Chicago Federal
Reserve).
Not published

Sheet-metal proa action and stocks

I Not published

1913 figures for active textile machinery

NEWS PRINT SERVICE BUREAU
NEW YORK COFFEE AND SUGAR E X CHANGE.
NEW YORK METAL EXCHANGE

Rice distribution through New Orleans

Monthly report

Cotton receipts into sight
Coffee
receipts,
stocks,
etc.
Canadian
newsprint
production,
etc
Stocks of tin

Monthly bulletin

Not published

21st of month.
Monthly.
First week of month.
First week of month.
First week of month.

Tirade papers

First week of month.

NORTH CAROLINA PINE ASSOCIATION..

North Carolina pine, production, etc

Hemlock and hardwood lumber production, Not published
etc.
Northern pine lumber and lath
Not published
Ohio foundry iron production

Monthly report * (not published;.

OPTICAL MANUFACTURERS' ASSOOA-

Spectacle frames and mountings, sales, etc

Not published

TION.

Second week of month.

Monthly statement

NORTHERN HEMLOCK AND HARDWOOD
MANUFACTURERS' ASSOCIATION.
NORTHERN PINE MANUFACTURERS'
ASSOCIATION.
OAK
FLOORING MANUFACTURERS'
ASSOCIATION.
OHIO FOUNDRYMEN'S ASSOCIATION..

Oak flooring, production, etc

Monthly.

, No longer published

Production and shipments of passenger cars Traffic bulletin • (production figures not
published).
and trucks.
j N ot
published
Glass bottle production index
Monthly press release
Cost of living
Federal Reserve Bulletin
Department store trade dee Federal Reserve
N ot published
Board).
I
Production of wood alcohol and acetate of lime. Monthly report

NEW ORLEANS COTTON EXCHANGE

Monthly.
3d month.

Not published

PENNSYLVANIA RAILROAD CO

Stockholders in the company

Financial papers

Quarterly.

PENSACOLA CHAMBER OF COMMERCE.

Turpentine and rosin receipts

Naval Stores Review

Weekly.

PHILADELPHIA MILK EXCHANGE

Milk receipts at Philadelphia

Not published

PORTLAND CEMENT ASSOCIATION
PULLMAN COMPANY

; Cement paving contracts

Concrete Highway Magazine

I Pullman passenger traffic

Not published

i

REFRACTORIES MANUFACTURERS' AS- : Fire-clay brick production, etc.
SOCIATION.
j Silica brick production, etc
RICE MILLERS' ASSOCIATION
Rice receipts, stocks, etc

Not published..
Not published..
Monthly report.

ROPE PAPER SACK MANUFACTURERS' j Shipments of rope paper sacks

Not published..

ASSOCIATION.

RUBBER ASSOCIATION OF AMERICA
SANITARY POTTERS' ASSOCIATION
SAVANNAH BOARD OF TRADE
SAVINGS BANKS ASSOCIATION OF STATE
OF N E W YORK.
SILK ASSOCIATION OF AMMICA

,

Automobile tires, tubes, and raw material
Sanitary pottery orders
! Turpentine and rosin receipts
; Savings banks deposits in New York State....

Monthly reports (not published).
Not published
Naval Stores Review
Not published

Weekly.

| Raw silk consumption, etc

Monthly press release to trade papers '

5th of month.

* Multigraphed or mimeographed sheets.




Monthly.

60
SOURCES OF DATA—Continued.
DATE OF PUBLICATION.

CURRENT PUBLICATION.

II.—REPORTS FROM TRADE ASSOCIATIONS AND PRIVATE ORGANIZATIONS—Continued.
(Excluding individual firms reporting data to be combined with other firms or trade associations.)
SOUTHERN PINK ASSOCIATION
STEEL
BARREL
MANUFACTURERS'
ASSOCIATION.
STEEL FOUNDERS' SOCIETY
STOKER MANUFACTURERS' ASSOCIATION.
STRUCTURAL STEEL SOCIETY
TANNERS* COUNCIL
TWIN CITY MILK PRODUCERS' ASSOCIATION.
U. S. STEEL CORPORATION

U N W E D T Y P O T H E T A E OF AMERICA. . .

WEST COAST LUMBERMEN'S ASSOCIATION.
WEBBING
MANUFACTURERS'
EXCHANGE.
WESTERN
PINE
MANUFACTURERS'
ASSOCIATION.

Yellow pine production and stocks.
Steel barrel shipments
Sales of steel castings
Sales of stokers
Sales of fabricated structural steel
Leather production through May, 1922
Milk production, Minnesota

Not published in form used
Monthly reports * (not published)..
Not published.
Not published..
".

Unfilledorders
Earnings
Stockholders
Wages of common labor
Printing activity
Douglas fir lumber production, etc
Sales of elastic webbing
Western pine lumber production, etc

Not published..
Nnt published..
jNot published.
Pressrelease*
Pressrelease*
Financial papers
Special reports *
Typothetae Bulletin.

10th of month.
Monthly.
Quarterly.
Occasionally.
Monthly.

j Not published
N ot published
\ Not published

DATE OF PUBLICATION.

ID.—REPORTS FROM TECHNICAL PERIODICALS.
AMERICAN METAL MARKET

Composite pig iron and steel prices

T H E ANNA LIST

New York stock sales
New York closing stock prices
Foreign exchange rates, 1914 to 1918
State and municipal bond issues
Muncipal bond yields
Visible suppiy oi wheat and corn
Bank clearings, United States and Canada.
Price index
Business failures, Canada
Price index for France

T H E BOND BUYER •.
BRADSTREET'S

BULLETIN DE LA STATISTIQUE GENERALE

| First or second week of month (daily).
First weekly issue of month (Mondays).
Weekly (Mondays).
Weekly (Mondays).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Weekly (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays)
First weekly issue of month (Saturdays).
Monthly.

Chemical price index

Weekly (Wednesdays).

COAL AGE

Mine price of bituminous coal

Weekly (Thursdays).

COMMERCIAL AND FINANCIAL CHRONICLE

ENGINEERING NEWS RECORD

Cotton (visible supply)
I n teres t rates
Mail order and chain store sales
New York bond sales
New York bond prices
Mexican petroleum shipments
Business failures
Priceindex
Rand gold production
Silver prices
Construction cost and volume index

CHEMICAL AND METALLURGICAL

Dow,

JONES & Co.

ENGINEERING..

(WALL STREET

JOURNAL)

DUN'S REVIEW
ENGINEERING AND MINING JOURNAL-PRESS

Weekly (Saturdays).
Weekly (Saturdays).
Second or third weekly issue of month (Saturdays)
First week of month (daily).
.
I First week of month (daily).
• 20th of month (daily).
I First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays).
j Second weekly issue of month (Saturdays).
First weekly issue of month.

FINANCIAL POST

Canadian bond issues

Weekly (Thursdays).

FRANKFURTER ZEITUNG

Price index for Germany.

Monthly.

HAY TRADE JOURNAL

Hay receipts

Weekly (Fridays).

IRON A GE

Pig-iron production
Composite finished steel price
Iron and steel prices
Railway freight car orders

First weekly issue of mouth (Thursdays)
Weekly (Thursdays).
Weekly (Thursdays).
First weekly issue of month (Thursdays;.
10th of month.

IRON TRADE REVIEW
LONDON ECONOMIST

Price index for United Kingdom

LUMBER

Price indices of lumber

MILK REPORTER
MODERN MILLER

Milk receipts at Greater New York
,

NAVAL STORES REvrew

Argentine visible supply of wheat and corn.
Turpentine and rosin, receipts and stocks...

NEUE ZURICHER ZEITUNG

Priceindex for Switzerland
Dividend and interest payments.
New capital issues
New corporations
Fire losses
Newspaper advertising

NEW YORK JOURNAL OF COMMERCE

NEW YORK EVENING POST

First weekly issue of month (Fridays).
Weekly.
Weekly.
Weekly (Saturdays).
First week of month (daily).
First week of month (daily).
First week of month (daily).
10th of month (daily).
Not published.
Weekly (Wednesdays).
Weekly (Wednesdays).

OIL TRADE JOURNAL

Flaxseed, receipts, etc
Argentine grain shipments
Wheat flour production for 1917
Price indices of drugs, oils, etc
Argentine shipments and supply of flaxseed
Mexican petroleum shipments

PRINTERS' INK

Magazine advertising

Second week of month.

RUSSELL'S COMMERCIAL NEWS

Wheat flour production, from July, 1920

Weekly compilation (daily).

NORTHWESTERN MILLER
OIL, PAINT, AND DRUG REPORTER

STATISTICAL SUGAR TRADE JOURNAL
SVENSK HANDELSTIDNING




,

Weekly (Mondays).
Weekly (Mondays).
10th of month (monthly)

Sugar stocks, receipts, meltings, and Cuban statistics... Weekly (Fridays).
Price index for Sweden

WASHINGTON : GOVEUXiJEXT PRINTING OFFICE : l«23