Full text of Survey of Current Business : April 1923
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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 \ $ \ \ V > « 2.250 Q450 o u. o QC UJ 200 m \ 150 \ f A* § i 0 y 2.000 u. a 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, \ \ \\ \\ 0. UJ i ooo 200 750 150 500 100 1 1 | 1 / \IV \ \\ /Mi! \ jrii \ i 1- H I i i \o V 1 \ \ A) V \ \ 50, 0 0 /Ay • // i \1 L \ / /// x/H N\' i / / \ \ \ \ 250 /\ \ I 1 v 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 r 112 V \% J1 //1 104 f 96 \i > \ Vr 88 (1 80 F THOUSA NDS OF T Z o O (0 Q y \ \ \ P1 \ M 3 Z 48 > \ \ \ i s/ 40 P* 18 r JZ V / J / \ V K V \ / f V f \! 32 24 \ / / \ \ \ P\ 11\1 /f / A \ 1/ / \ I /]/ \ I v \ 1\ ] \ \ v 1 \ s j ooUO" I V \ I J\ \ \ V / V J > \ / / V \ \. \ 6 J J. ^- \ 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 \ \\ \ \ \ V J A / 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 *• % 3 I 1923 k t i i T < ~> C i[\HI/ 11 / < J 1/ Jl 1^ »/ -1^00- 12 60 10 40 8 30 6 20 4 10 2 0 0 " — \ j ___ — - . _ _ PF T r- / I/ - 60 ItI /, -2,100- -1,800- 8 0 ND 1 1 1 1 1 1I ,1 K f / -1.200- V -900- \ \ \ / -\ T 1 1 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