Full text of Survey of Current Business : April 1928
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UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON
SURVEY OF
CURRENT BUSINESS
APRIL, 1928
No. 80
>
;
COMPILED BY
BUREAU OF THE CENSUS
,
IN COOPERATION WITH
BUREAU O£ FOREIGN AND DOMESTIC COMMERCE
1
. *
/
AND
. ^"
, ' *'v
/
i
BUREAU OF STANDARDS
IMPORTANT NOTICE
In addition to figures given from..Government sources, there are also incorporated for completeness of
service figures from other sources generally accepted by the trades, the authority and responsibility
for which nre noted in the "Sources of Data" on pages 139-1 &2 of ike February semiannual issue
Subscription price of the SURVEY OF CURRENT BUSXNES^ IS #1.50 a year; single copies (monthly), 10 cents; semiannual issues, 25 cents.
Foreign subscriptions, $2,25; single copies (monthly issues), including postage, 14 cents; semiannual issues, 36 cents. Subscription
price of COMMERCE REPORTS is $4 a year; with the SURVEY, $5.50 a year., Make remittances only to Superintendent of Documents,
Washington, D» C», by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign
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*
-:
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money not accepted ,
'
I . S. 8OVERMMENT PltlNTINC OfFlCI: l » 2 t
INtEODtJCTION
T H E SUBVEY OF CURRENT BUSINESS is designed to
present each month a picture of the business situation
by setting forth the principal facts regarding the various lines of trade and industry. At semiannual intervals detailed tables are published giving, for each item,
monthly figures for the past two years and yearly
comparisons, where Available, back to 1913; also blank
lines sufficient for six months have been left at tlie
bottom of each table enabling those who care to do
so to enter new figures as soon as they appear (see
issue for February, 1928, No. 78). In the intervening
months the more important comparisons only are
given in the table entitled " Trend of business movements."
WEEKLY SUPPLEMENT
Realizing that current statistics are highly perishable and that to be of use they must reach the business
man at the earliest possible moment, the department
has arranged to distribute supplements every week to
subscribers in the United States. The supplements are
usually mailed on Saturdays and give such information
as has been received during the week ending on the
preceding Tuesday. The monthly information contained in these bulletins is republished in the SURVEY,
and the supplements also contain charts and tables
of weekly data. .
i
BASIC DATA
The figures reported in the accompanying tables are
very largely those already in existence. The chief
function of the department is to bring together these
data which, if available at all, are scattered in hundreds of different publications. A portion of these
data are collected by Government departments, other
figures are compiled by technical journals, and still
others are reported by trade associations.
ment from one period to the next. Thus, if a relative
number at one month is 120 and for a later month it
is 144 there has been an increase of 20 per cent.
INDEX NUMBERS
When two or more series of relative numbers are
combined by a system of weightings, the resulting
series is denominated an index number. The index
number, by combining many relative numbers, is
designed to show the trend of an entire group of
industries or for the country as a whole, instead of for
the single commodity or industry which the relative
number covers. Comparisons with the base year or
with other periods are made in the same manner as in
the case of relative numbers,
RATIO CHARTS
In many instances the charts used in the SURVEY
OF CURRENT BUSINESS are of the type termed "Rfttio
Charts" (logarithmic scale), notably the Business
Indicator charts on page 2. These charts show the
percentage increase and allow direct comparisons
between the slope of one curve and th$t of any other
curve regardless .of its location on the diagram; that
is, a 10 per cent increase in an item is given the same
vertical movement whether its curve is near the bottom or near the top of the chart. The difference
between this and the ordinary arithmetic form of
chart can be made clear by an example. If a certain
item, having a relative number of 400 in one month,
increases 10 per cent in the following month, its
relative humber will t>e 440, and on an ordinary
chart would be plotted 40 equidistant scale points
higher than the preceding months. Another move^
ment with a relative number of, say, 50 also increases
10 per cent, making its relative number 55. On the
ordinary (arithmetic) scale this item would rise only 5
RELATIVE NUMBERS
equidistant points* whereas the previous item rose 40
To facilitate comparison between different impor- points, yet each showed the same percentage increase.
tant items and to chart series expressed in 4ifferfent The ratio charts avoid difficulty and give to each
units, relative numbers (often called "index num- of the two movements exactly the same vertical rise,
bers/ ' a term referring more particularly to a special and henee the slopes of the two lines are directly
kind of number described below) have teen calcu- comparable. The ratio charts compare percentage
lated.
changes while the arithmetic charts compare absolute
In computing these relative numbers the last pre- changes..
war year, 1913, or the first postwar year, 1919, have
RECORD BOOK
usually been used as a base equal to 100 wherever
As an aid to readers in comparing present data
possible. More lately the average for 1923-1925 has
with monthly statistics in previous years, the departbeeti frequently taken as 100.
The relative numbers are computed by allowing the ment is compiling a RECORD BOOK OF BUSINESS ,
monthly average for the base year or period to equal STATISTICS, in which data now carried in thd SURVEY
* 100. If the movement for a current month' is greater OF CURRENT BUSINESS are shown by months as far
than the bas^ the relative number will be greater than back as 1909, if available, Full descriptions of the>
100, and vice versa. The difference between 100 and figures and reports of how the data are used in actual
the relative number will give at once the per cent practice by business firms are contained in the RECORD
increase or decrease compared with the base period. BOOK. The sections covering textiles and metals have
Thus a relative number of 115 means an increase of 15 already been issued and may be obtained for 10 cents
per cent over the base period, while a relative number per copy from the Superintendent of Documents, Government Printing Office, Washington, D. C. (Do not
of 80 means a decrease* of 20 per cent from the base.
Relative numbers may also be used to calculate the sand stamps.) Notices of other sections will be given
•-approximate percentage increase or decrease in a move- in the SURVEY as they are issued.
This issue presents practically complete data for the month of February and contains text covering the early weeks of
March (page 1), for which the basic figures in table and chart form are presented regularly in the meekly supplements*
As most data covering a particular monihfs business are not available Until from 15 to 30 days after the close of the month,
u complete picture of that month's operations can hot be presented at an early date, but the weekly supplements give every
week the latest data available*
UNITED STATES DEPARTMENT OF COMMERCE
SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS
IN COOPERATION WITH
BUREAU OF FOREIGN AND DOMESTIC COMMERCE AND BUREAU OF STANDARDS
WASHINGTON
No. 80
April, 1928
CONTENTS
INDEX BY SUBJECTS
SUMMARIES
Page
Preliminary summary for March
1
Business conditions in February
4
Business indicators (tables and charts)
2, 3
Wholesale prices (table and charts)
5, 6, 7
Indexes of business (production, prices, sales, etc.)
15
Automobiles, building, mining, manufacturing, electric
power, and transportation (charts)
8
NEW DETAILED TABLES
Canadian passenger-cars and miscellaneous.
Mineral production index
Department-store sales and stocks (revised).
Lumber unfilled orders
Canadian electric power (revised)
Foreign loans issued in United States
Coffee movement (revised)
18
19
20
22
22
22
23
Textiles
Metals and metal products..
Fuels
Automobiles and rubber
Hides and leather
Paper and printing
Building construction and housing
Lumber products
Stone, clay, and glass products
Chemicals and oils
Foodstuffs and tobacco
Transportation and public utilities
Employment and wages
Distribution movement (trade, advertising, etc.) _
Banking and finance
Foreign exchange and trade, gold and silver
Text
page
Table
page
24
9
26
10
11
29
11 29,30
11
31
11
32
12
33
12
34
12
35
12
36
13
38
14
42
5
43
14
44
14
45
14
47
PRELIMINARY SUMMARY FOR MARCH
Prices for cotton continued to advance, being higher
also than a year ago. Prices for stocks listed on the
New York Stock Exchange reached a new high record
for the month, while bond prices, showing practically no
change from the preceding month, were higher than a
year ago. Although brokers' loans increased during the
month, they were lower than the high record reached
early in February. Business failures were less numerous in March than in the preceding month, showing
little change, however, from a year ago.
The output of lumber, although running smaller
than in February, was considerably larger than in
March, 1927. Bituminous-coal production was running larger than in February but was smaller than a
year ago. The output of beehive coke, although larger
than in February, was only about half as large as in
March of last year. Carloadings were running heavier
than in February but were smaller than a year ago.
Petroleum production showed little change from the
preceding month but was considerably smaller than in
March, 1927.
Measured by the volume of checks passing through
the banks for payment, business during the early weeks
of March was larger than in either the preceding month
or March of last year. The volume of new building
contracts awarded during the early weeks of the month
were larger in value than in either prior period. Activity in the automobile industry, as reflected by employment data covering Detroit factories, was greater also
than in either the preceding month or March of last
year. Interest rates, although somewhat higher than
a year ago, continued to reflect easy money conditions
with ample funds available for business enterprises.
Loans and discounts of Federal reserve member banks
showed some expansion as compared with the previous
month and were higher also than in March of last
year.
The general level of wholesale prices continued to
rise, reaching a point during the month higher than
at any time in almost two years. Wholesale prices
for iron and steel averaged higher than in the previous
month but were still below the level of last year.
95561-28
1
(1)
MONTHLY BUSINESS INDICATORS, 1920-1928
[Ratio charts—see explanations on inside front cover. The curves on check payments, wholesale trade, sales by mail-order houses, 10-cent chains, and department stores
have been adjusted for normal seasonal variations, and that on manufacturing production for the varying number of working days in the month]
120
1923 I 1924 I 1925 ! 1926 I 1927 1 1928
1923
1 1924 1 1925
1 1926
i 1927
192a
-120
100
60
MONTHLY BUSINESS INDICATORS
The principal business indicators are shown below, all calculated on a comparable basis, the average for the years 1923 to 1925,
inclusive. Thus the table gives a bird's-eye view of the business situation in a concise form, so that trends of the principal indicators
may be seen at a glance.
Certain indicators, in which there is a marked seasonal movement, are shown with the average seasonal variations eliminated,
as noted below. In this manner a more understanding month-to-month comparison may be made.
MONTHLY AVERAGE
1923
1926
1928
1927
1924 1925 1926 1927 Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb.
1 9 2 3 - 1 9 2 5 m o n t h l y average=100
Manufacturing production:
Pig iron
Steel ingots
Automobiles
Cement
Lumber (5 species)
Cotton (consumption)
Wool (consumption)
102.3
111.7
104.8
101.5
92.1
98.6
105.9
112.8
94.3
86.7
88.7
90.9
99.8
96.2
89.7
94.6
103.8
101.5
106.4
107.7
108.1
105.2
104.4
92.6
106.9
109.0
113.1
108.5
110.0
101.5
108.5
89.7
104.5
101.0
103.8
85.7
115.3
94.9
120.3
97.0
103.0
108.3
107.2
77.6
114.2
94.9
113.8
100.9
98.0 98.3 108.4 114.3 113.4 116.0 113.4 107.6 107.6 105.0 103.4 93 3
103.4 103.9 98.4 116.6 114.5 113.5 103.4 98.8 98.6 92.9 93.2 88.6
100.3 108.8 109.4 130.1 118.5 116.1 100.3 91.9 100.4 93.5 95.1 89.7
50.9 72.4 92.3 119.5 122.6 122.4 97.5 81.3 93.5 78.9 66.5 40.7
86.4 66.4 59.4 92.1 113.0 134.4 138.6 140.1 147.4 140.8 138.2 116.3
84.4 78.9 86.0 91.6 91.0 101.9 99.9 96.5 107.5 105.8 101.5 94 4
117.9 117.8 115.0 135.3 120.6 123.3 129.1 110.9 123.4 122.2 119.4 121.9
101.0 97.9 97.0 114.5 92.8 93.6 95.0 84.1 98.1 101.6 103.7 97.8
Raw material o u t p u t :
Total
Animal products
Crops
Forest products
Minerals (all)
Crude petroleum
Bituminous coal
Copper
97.5
101.0
92.2
99.2
103.1
99.4
108.0
93.3
102.3
101.0
107.0
97.2
95.9
96.9
92.5
100.2
100.1
97.8
100.8
103.6
101.1
103.7
99.5
106.4
103.9
98.8
106.2
97.5
107.8
104.6
109.7
110.2
107.5
101.3
112.6
94.7
108.6
121.4
99.4
104.9
141.5
108.7
180.5
92.7
120.0
113.8
135.9
113.6
120.3
108.8
135.3
87.0
113.8
118.3
131.3
109.8
t Total
Power and construction:
Electric power
Buildingcontracts (37 States).
Unfilled orders:
General index
U. S. Steel Corporation
92.5
89.7
121.7
125.8
104.7
96.1
110.4
80.1
111.6
116.4
130.6
115.5
92.8
85.4
93.2
84.3
104.2
110.6
121.4
104.9
96.8 82.8 91.1 88.1 90.1 113.8
102.0 102.7 116.1 107.3 97.7 97.6
84.7 61.0 63.1 62.6 76.3 124.4
92.2 94.2 103.4 101.6 94.3 103.3
115.3 96.6 110.2 109.9 106.8 117.3
122.7 118.2 124.2 121.4 127.6 127.1
138.1 79.6 81.2 84.1 77.2 95.7
105.1 107.8 108.6 105.4 99.4 102.0
Prices:
Farm products, to producers
Wholesale, all commod
Retail food
Cost of living (inch food)—
87.0
83.6
106.6
96.3
97.8
99.7
97.6
98.1
97.1
97.2
97.6
99.9
Distribution (values):
• Bank debits, 141 cities
91.2 96.7
101.0 98.0
• Wholesale trade
• Department stores, sales... 98.3 99.1
92.7 97.4
• Mail-order houses, sales
• 10-cent chains, sales..
88.5 99.3
Imports
97.8 93.1
Exports
91.5 100.8
91.3
90.6
84.6
82.1
74.1
71.1
97.2
98.0
94.3
127.5
107.8
157.1
95.7
102.6
120.2
93.3
103.2
107.6
106.0
115.8
87.4
98.7
120.7
94.8
101.9
97.0
101.0
94.6
83.2
82.4
97.2
84.4
91.1
94.8
117.8110.2
101.5 94.9
103.8 102.2
79.5
79.7
77.2
83.0
82.7
79.6
81.5
75.3
81.2
74.4
77.2
72.4
97.4
96.9
95.3
97.0
97.4
96.6
74.3
63.9
72.2
63.9
72.1
65.8
71.5
66.9
69.9
65.9
67.0
70.0
67.1
72.4
71.5 81.2 81.5
89.5 92.1
134.6 132.8 141.4 152.7 145.8 140.1 140.9 139.3 137.5144.9
118.0 116.9 121.3 127.9 127.9 125.2 120.9 116.9 127.8127.9
124.0 100.3 85.8 87.6 135.2 179.8 200.0 195.8 178.8159.1
95.5 85.1 92.2 82.7 76.4 74.1 80.3 84.2 85.2 76.8
95.6
95.0
93.1
93.2
93.8
93.4
91.6
90.7
91.2
106.5 98.6 94.9 94.2 92.0 91.3 92.0 91.3 90.6 91.3 94.2 94.2 95.7 101.4 100.7 99.3 99.3 99.3 97.8
102.6 99.1 95.4 97.5 97.0 95.7 95.0 93.7 92.9 92.9 93.0 93.3 94.4 95.6 96.1 95.8 95.9 95.4 95.6
104.9 107.6 103.6 108.2 108.2 106.2 104.2 102.9 102.9 103.6 106.2 102.9 101.6 102.9 104.3 104.9 104.2 103.6101.3
102.3 102.3 99.9 102.3 102.3 101.7 100.5 99.9 99.9
100.5 98.7 98.7 99.3 99.9 99.9 99.9 99.2 98.7
111.9
101.0
103.9
110.5
112.3
109.0
107.8
119.6
98.0
107.8
116.2
123.2
114.3
105.5
132.5
95.0
107.7
120.1
135.3
107.9
106.8
109.6
98.0
109.4
115.2
128.6
115.7
126.5
119.3
95.0
115.8
130.2
136.8
111.3
122.6
123.6
94.0
103.1
103.0
131.9
110.5
110.5
132.3
95.0
109.4
110.5
138.9
96.2
98.2
136.6
96.0
101.5
105.9
120.5
117.1
107.7
134.3
94.0
111.0
117.1
141.6
116.3
109.4
127.8
95.0
103.1
126.5
131.9
98.9
90.1
130.7
91.0
105.5
114.3
139.5
110.1
128.7
132.1
95.0
110.2
119.9
137.8
106.6
121.2
136.9
93.0
117.4
140.5
149.8
102.5
107.4
142.1149.6
95.1196.8
105.4 105.7
107.7110.6
141.6 143.6
104.5109.3
108.1 98.2
97.6 102.8 106.8 104.0 106.4 104.8 107.6 108.5 109.0 108.6 108.8 102.6 102.7 103.3 103.3 101.3
95.9 101.9 109.1 101.5 116.2 107.5 105.1 98.8 112.1 99.4 107.5 103.1 102.9 112.5 115.1 122.1
95.2
99.8
96.8
92.7
98.0101.8
97.2
121.4
91.0
92.2
114.9
171.6
190.0
85.3
123.2
92.
86.6
115.6
171.1
193.7
120.9
121.9120.9
90.1 93.6
95.5 96.0
115.9115.8
169.1164.7
193.5191.2
112.3106.3
Transportation:
* Car loadings
Freight, net ton-miles
99.8
102.2
Finance:
Member bank loans and disc.
Interest rate (coml. paper)...
Federal reserve ratio
Price, corporation bonds
Price, railroad stocks
Price, industrial stocks
Failures (liabilities)
I
94.1 98.5 107.4 112.9 117.3
115.9 90.8 93.4 98.5 93.1
99.0 104.1 96.9 96.0 99.1
96.4 99.9 103.6 108.0 112.5
86.0 96.1 117.9 133.4 162.7
86.1 91.9 122.0 132.4 171.4
106.0 106.8 87.2 80.4 102.3
154.3
102.4
215.8
98.0
115.4
125.6
101.0
104.6
98.1 109.5 122.6 132.4 129.3 135.9 134.2 121.3 133.9 127.9 131.2 129.1 128.7 133.3 131.7 138.2 137.1 143.8 144.8136.7
92.7 117.6 111.0 106.8 106.3 96.6 80.2 82.6 132.4 126.0 111.6 118.6 102.4 110.1 101.9 115.0 105.2 95.2 96.0103.7
Stocks:
• General index
88.9 102.2 108.9 129.5 139.6 151.2 140.8 139.7 142.5 136.1 129.1
• Manfd. commodities (28) . . 86.6 104.1 108.6 109.4 120.0 109.3 107.0 118.4 115.6 115.1 115.5
Cotton
102.5 91.4 106.2 145.5 153.2 213.0 219.3 210.7 196.2 172.1 148.2
Copper (refined)
106.4 113.9 73.1 64.8 85.4 65.2 75.5 83.0 93.1 91.1 87.7
Employment:
Factories
138.0
94.0
185.5
101.6
111.8
122.3
96.3
100.0
88.2 99.0107.2
90.2 '6.1 97.1
91.1 114.6116.1
40.4 70.2 97.9
96.5 78.6 70.7
82.9 79.6 90.6
105.9 113.5111.8
88.0 95. 2 102.0
114.8
103.1
93.5
109.4
139.3
137.4
77.1
116.3
101.7
90.8
110.2
143.3
143.3
107.6
t Adjusted for number of working days.
113.4
95.9
103.1
111.0
145.2
140.1
121.0
114.1
89.9
101.7
110.6
151.1
144.7
110.7
114.6
92.9
102.1
111.2
152.4
150.8
136.5
114.6
95.2
103.0
111.9
158.3
159.8
125.4
127.7
95.0
100.7
111.5
128.1
107.3
103.6
116.7
95.9
99.5
112.1
162.4
167.6
89.1
129.7
93.0
103.1
126.5
132.4
109.9
94.0
117.5
95.9
100.5
111.2
165.3
168.8
81.3
115.7
94.5
103.2
111.4
167.3
177.3
101.8
137.6
100.0
114.2
140.5
135.1
114.2
98.7
117.3
90.6
101.4
112.9
167.9
183.7
92.4
141.0
96.0
113.4
125.5
135.7
105.9
112.0
119.3
89.9
9fc 8
113.4
171.5
193.9
77.3
* Seasonal adjustments.
120.0
92.2
96.4
114.4
168.5
186.4
85.5
BUSINESS CONDITIONS IN FEBRUARY
PRODUCTION
The output of raw materials in February was
smaller than in either the previous month or February, 1927. Manufacturing production after adjustments for working time differences showed an increase
over January, but was slightly lower than in February
a year earlier. Contrasted with the preceding month,
the unadjusted index of manufactures showed larger
production of foodstuffs, textiles, iron and steel products, lumber, leather, and automobiles, while smaller
other than foodstuffs, which declined. As compared
with a year ago, all groups were held in larger quantities except raw foodstuffs, which registered a decrease,
SALES
Unfilled orders for manufactured goods at the end
of February showed no change from the previous
month, but were lower than a year ago. Compared
with January, forward business on the books of iron
and steel manufacturers was larger, while unfilled
orders for lumber declined and textiles showed no
PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED
COMMODITIES
[1923-1925 monthly average = 100. Adjustment has been made for the seasonal movement of stocks and relative number of working days for production.
principally those of iron, steel, building materials, and textiles. February, 1928, is latest month plotted]
Unfilled orders are
140
1923
1924
1925
output was registered in paper and printing, chemicals
and oils, stone and clay products, and tobacco. As
compared with a year ago, all groups were produced
in larger volume except textiles, nonferrous metals,
paper and chemicals, which declined, and automobiles,
which showed no change.
COMMODITY STOCKS
Stocks of commodities held at the end of February,
after adjustments for seasonal conditions, were larger
than in either the preceding month or February a
year ago. Contrasted with the preceding month, all
groups showed larger stocks except raw materials,
other than foodstuffs, and manufactured commodities,
1926
1927
1928
change. Contrasted with a year ago, unfilled orders
for iron and steel alone recorded an advance.
Wholesale trade, after adjustments for seasonal
conditions, registered an advance over both the preceding month and February of last year. As compared with a year ago, all lines of wholesale trade
showed increases, except women's clothing and furniture, which declined, and men's clothing and hardware,
which showed no change. Retail trade in February,
as measured by department-store sales, after adjustments, for seasonal variations, was larger than in
January but smaller than a year ago. Sales by mailorder houses and 10-cent chain systems recorded
advances over both prior periods.
PRICES
The general index of whoesale prices averaged higher
than in January, showing an increase also over a year
ago. Contrasted with a year ago, the principal increases occurred in prices for farm products, hides and
leather products, foods and textile products, while
declines were registered in the prices for fuel and lighting, building materials, chemicals, and certain miscellaneous items.
The indexes of prices received by farmers for their
produce showed a decline from the previous month
but were higher than a year ago. As compared with
last year, all groups showed higher prices except meat
Prices of stocks averaged lower than in January but
were higher than in February, 1927, with bond prices
making similar comparisons. Brokers' loans were
lower at the end of February than at the end of the
previous month. Defaulted liabilities of failing business firms were smaller than in either the previous
month or February of last year.
EMPLOYMENT
Factory employment in January showed an increase
over the previous month but was lower than a year
ago, all groups showing advances over January except
paper and printing, which declined, and lumber which
WHOLESALE PRICE COMPARISONS, BY GROUPS
[February, 1928, is latest month plotted, 1926 monthly average=100]
120
80
animals, which declined. The cost-of-living index
registered declines from both the previous month and
February, 1927. Retail food costs were also lower
than in either prior period.
BUILDING AND CONSTRUCTION
New building contracts awarded in February, measured both in floor space and in value, were larger than
in either the preceding month or February of last year.
Construction costs showed little change from the
previous month but were somewhat lower than a year
ago.
BANKING AND FINANCE
Loans and discounts of Federal reserve member
banks receded from the previous month but were
higher than a year ago. Interest rates on commercial
paper averaged higher than in either prior period.
The Federal reserve ratio, although higher than in
January, was lower than a year ago.
showed no change. Compared with last year, employment was lower in all groups except leather, which
showed an advance. Factory pay roll payments in
February also recorded advances over January but
were lower than a year ago.
Reports from the American Federation of Labor
covering unemployment show a little more than 18
per cent of union members in representative cities
to be out of employment in February, representing a
slight increase over the condition reported for January. Preliminary figures for March, however, show
a small decline. Voluntary quits of factory labor
in February were smaller than in either the previous
month or the same month of last year. Industrial
lay-offs, although smaller than in February, 1927, were
larger than in January. Wages of common labor
averaged higher than in January but were lower than
a year ago.
WHOLESALE PRICES FOR SPECIFIED COMMODITIES
[Relative numbers, 1926 monthly average taken as 100. February, 1928, is latest month plotted.
W H EAT / W I N T E R
160
Data from which these charts are drawn are given on the opposite pagej
CORN, N O . 2
FLOUR, WINTER
140
OATS
v
120
•*
100
80
CATTLE:, STEERS
180
160
HOGS,
BEEF, CARCASS
HEAVY
HAMS, SMOKED
•
140
•*
••
120
• • ••
100
••
..
••
80
••
••
•*
*••
...
60
SUGAR, RAW
120
SUGAR,
RUBBER.CRUDE
COTTONSEED OIL
GRANULATED
••
100
I *
*
. . .
80
60
COTTON PRINT CLOTH
COTTON YARN
COTTON, RAW
140
s ••••• •m
WOOL, % BLOOD
••
COMBING
120
y
100
•
•
•
,
• •
••
•*
80
WORSTED YARNS
••
LEATHER, SOLE, OAK
HIDES, PACKERS
SILK, RAW
190
• • •
160
130
» .
...
100
•
mm
•
i
!
70
LEATHER, C H R O M E CALF
PETROLEUM
COKE
BITUMINOUS COAL
180
!
140
100
mm
60
COPPER
PIG IRON, FOUNDRY
120
••
—
!
INGOTS
1
100
riN
ZINC
CEMENT
BRICK, COMMON,
»•
80
60
100
FLOORING
•• •• ••
80
60
LUMBER PINE
STEEL BEAMS
120
•
i in mi a
*•
1927.
1928.
*
•
WHOLESALE PRICES FOR SPECIFIED COMMODITIES
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural Economics, nonferrous metals
from the Engineering and Mining Journal-Press. All other prices are from U. S. Department of Labor, Bureau of Labor Statistics. As far as possible all quotations represent
prices to producer or at mill.
RELATIVE PBICK
ACTUAL PEICE
(dollars)
1926 a v e r a g e - 100
Unit
COMMODITIES
January,
1928
February, February,
1928
1927
December1927
January,
1928
February,
1928
January,
1927
February,
1927
FARM PRODUCTS—AVERAGE PRICE TO PRODUCER
Wheat
Corn.
Potatoes _Cotton
.
Cottonseed . . .
Cattle, beef
Hogs
Lambs
-
...
—--
-
. . .
.
.
-
.
.
Bushel
Bushel
. . . Bushel
Pound
Ton
Pound
Pound
Pound
.
.
-
......
...
1.152
. 752
.936
.186
37.40
.0848
.0781
.1134
1.162
. 790
.962
'
-170
37.44
.0872
.0762
.1190
!
1.228
.665
1.341
.115
22.39
.0660
.1119
.1084
84
107
51
124
137
129
69
98
85
108
50
123
138
131
66
98
86
113
52
113
138
135
65
103
90
92
75
70
68
100
93
92
91
95
72
76
82
102
95
94
FARM PRODUCTS-MARKET PRICE
. Bushel
Bushel
Bushel
Bushel
Bushel..
Barley, feeding (Chicago)
. . .
Rye, No. 2, cash (Chicago)
Bushel
Cwt
Tobacco leaf, average sales, warehouse (Kentucky)
Cotton, middling upland (New York)
.
. . . Pound
Pound
Wool, H blood, combing, Ohio and Pennsylvania fleeces (Boston)
Cwt
Cattle, steers, good to choice, corn fed (Chicago).
Cwt
Hogs, heavy (Chicago)
..
.
Cwt
SheeD ewes (Chicago)
.. .
...
Cwt
Sheep, lambs (Chicago)
.
Wheat, No. 1, northern spring (Minneapolis)
Wheat No 2, red, winter (Chicago)
Corn, contract grade No. 2, cash (Chicago) . .
1.293
1.425
.886
.564
.932
1.085
23.227
.190
.50
15.800
8.320
6.050
12.650
1.263
1.538
.949
.577
.962
1.116
19.294
.185
.52
14.781
8.025
8.156
15.125
1.403
1.371
.756
.480
.780
1.051
10.536
.140
.44
11.063
11.644
7.781
13.238
82
90
114
129
126
114
239
112
107
163
70
85
95
84
92
117
131
134
114
274
108
109
166
67
92
92
82
100
125
134
139
117
228
106
113
155
65
124
110
91
89
101
116
106
106
146
77
96
108
97
98
91
100
112
112
110
124
80
96
116
94
118
97
7.450
6.700
.045
.057
.101
.220
.230
.212
.49
.235
7.369
6.656
.043
.056
.093
.212
.230
.210
.47
.235
7.419
6.544
.049
.060
.091
.170
.175
.273
.52
.215
84
91
106
101
84
136
139
70
116
103
88
92
104
104
85
134
135
69
109
103
88
92
98
102
78
129
135
68
104
103
87
90
116
112
72
104
104
87
111
94
88
90
113
109
77
104
103
89
116
94
Pound
Yard
Yard
Pound
Yard
Yard
Yard
Pound
Dozen pair.
.369
.080
.098
1.425
1.000
1.935
2.093
5.145
10. 290
.360
.077
.095
1.500
1.000
1.953
2.093
5.292
10. 290
.306
.069
.081
1.375
.995
1.913
2.048
6.027
11.270
104
105
113
98
97
96
96
81
86
103
106
105
99
97
97
97
83
85
101
103
102
105
97
97
97
85
85
84
90
86
96
97
95
95
91
93
85
92
87
96
96
95
95
97
93
Pound
Pound
Square foot.
Pound
Pair
Pair
.261
.300
.535
.590
6.750
5.000
.248
.291
.600
.650
6.750
5.000
.145
.158
.450
.430
6.400
4.850
178
144
118
135
102
102
186
173
118
135
106
102
176
168
132
148
106
102
111
98
99
98
100
99
103
91
99
98
100
99
Net ton . .
Net ton
Long ton .
Short ton. .
Barrel
4.093
4.545
13.130
2.780
1.220
4.069
4.497
13.232
2.713
1.213
4.338
4.836
13. 724
3.700
1.700
96
99
97
68
65
95
95
95
68
65
94
94
96
66
64
103
104
100
94
93
101
101
100
90
90
Long t o n . . .
Long ton...
Long ton. .
Pound
Pound
Pound
Pound
Pound
19.010
17.000
33.000
.1385
.188
.0650
.5518
.0564
19.010
17.000
33.000
.1382
.188
.0633
.5179
.0555
20.260
18.000
33.000
.1268
.179
.0742
.6653
.0667
92
92
94
100
99
77
91
78
92
92
94
100
99
77
.87
77
92
92
94
100
99
75
81
76
98
97
100
94
95
90
102
91
98
97
94
92
94
88
105
91
Mfeet....
Thousand
35.260
12. 750
36.120
13.500
40.040
17.000
79
68
78
78
80
82
91
103
89
103
Barrel
Cwt
Pound
Ton
Cwt
Cwt
1.600
1.800
.288
15.500
2.525
3.250
1.600
1.850
.234
15.500
2.525
3.250
1.600
1.950
.261
15.000
2.750
3.250
97
92
77
107
88
94
97
92
76
107
88
94
97
95
62
107
88
94
99
102
70
103
96
94
97
100
69
103
96
94
.
91
89
FOOD
Flour, winter straights (Kansas City)
Sugar 96° centrifugal (New York)
Sugar, granulated, in barrels (New York) .
Cottonseed oil, prime yellow (New York)
Beef, fresh, carcass, good native steers (Chicago)—
Beef, fresh, carcass, steers (New York)
Pork, smoked hams (Chicago) . . .
Butter, creamery, 95 score (New York)
Oleomargarine, standard, uncolored (Chicago)
...
..
.
...
.
Barrel
Barrel
Pound
Pound
Pound
Pound
Pound
Pound
. . . Pound
Pound
..
..
.
TEXTILES
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)
Cotton-print cloth, 64 x 60-38}^"- 5.35—yards to pound
Cotton sheeting, brown 4/4 Trion (New York)
Worsted yarns, 2/32's cross-bred stock, white, in skein (Boston)
Woman's dress goods, French, 39 inches at mills, serge._.
Suitings unfinished worsted—13 ounce, mill
Suitings, serge, 11 ounce, 56-58 inch. _ . .
_ ..
Silk Japan, 13-15
Hosiery, women's, pure silk, mill __
_.
. .
LEATHER
Hides, green salted, packers' heavy native steers (Chicago)
Hides, calfskins, No. 1, country, 8 to 15 pounds (Chicago)
Leather, chrome calf, dull or bright " B " grades (Boston)
Leather, sole, oak, scoured backs, heavy (Boston)
Boots and shoes, men's black calf, blucher (Massachusetts)
Boots and shoes, men's dress welt tan calf (St. Louis)
. . .
. . .
FUEL
Coal, bituminous, mine-run (composite price)
. .
Coal, bituminous, prepared sizes (composite price)
.
Coal, anthracite, chestnut (composite price)
...
.
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)
Brass, sheets, mill
_
Lead, pig, desilverized, for early delivery (New York)
Tin, pig, for early delivery (New York)
Zinc, slab, western (St. Louis)
BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, mill
Brick, common red, domestic building (New York)
Cement, Portland, net without bags to trade, f. o. b. plant (Chicago
district)
Steel beams, mill (Pittsburgh)
Rubber, Para Island, fine (New York)
Sulphuric acid 66° (New York) .
Wood pulp, sulphite, domestic, unbleached, news grade (New York)..
Newsprint, rolls, contract, mill
8
NEW BUILDING CONTRACTS AND AUTOMOBILE PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
MINERAL PRODUCTION AND RAILROAD TON-MILEAGE
[Relative numbers, monthly average, 1923-1925, taken as 100]
140
A 1
4E7 TON-MILES
A
100
«
LUr
,'',
13
Z
X
UJ
1v
1 /<—MINERAL
. , 1 . , 1 . , 1 , ,
1920
,
1921
,
1 i
,
1 ,
1922
,
f
A
Ay\
A
\
V
/
V
NDEX
, , 1 , , 1 , , ! , ,
1923
!
1924
1925
!
.
•
1926
,
,
i
,
,
i
,
,
I
,
,
i
1927
FACTORY EMPLOYMENT, MANUFACTURING, AND ELECTRIC POWER PRODUCTION
[Relative numbers, monthly average, 1923-1925, taken as 100]
i 1 i i
. M i l
1928
9
REVIEW OF PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES
of cotton cloth continued to fall behind last year and
The supply of wool in February from both domestic prices of cotton goods were lower than in January.
and foreign sources was less than a year ago, the de- Cotton finishing establishments also operated at a
cline being particularly marked in imports. In lower rate than last year.
Imports and deliveries of raw silk in February were
spite of this smaller supply, consumption of wool by
textile mills was slightly larger than a year ago. Wool considerably higher than last year and while warehouse
prices rose over the January average and woolens stocks were less, manufacturers' stocks were higher.
showed the same tendency but to a smaller degree.
The activity of broad looms was higher than last year
Owing to the smaller cotton crop of 1927, which the but narrow looms and spindles were working at a
final ginnings reveal at 12,755,000 bales, both receipts lower percentage of activity. The price of silk rose
THE TEXTILE INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. February, 1928, is latest month plotted. Curves covering imports of wool and exports of cotton are plotted
from 12 months' moving monthly averages centered on the end month]
160
120
PRODUCT ION INDEXv
f
V
inn
\l
80
60 M h 1 1 I I I , , n i l
1923
I_LLIin
PRICES^
GENE :RAL
! 1 1 1 1 1 n i l 1 l l i 1 n l.1n 11i n
i Inl II i iln 1 n i l .
1924
1925
1925
1926
1926
1928
1923
1927
1928
1923
and exports are falling behind the previous year's
crop at this time. Consumption by textile mills,
however, is only slightly smaller than a year ago, but
stocks, both in the United States and for the world,
are considerably lower than at the end of February,
1927. Cotton prices declined from January but were
still much higher than a year ago.
The activity of cotton mills in February was on
about the same level as the previous month but less
than a year ago, while yarn prices declined from
January. New orders for cotton textiles were higher
than in January, but were lower than production,
thus resulting in a decline in unfilled orders. Exports
95561—28
2
111,111,11,11,111111
1927
1925
1924
1925
1111 n 1 1 1 1 I I 1 1 1 1 1 1 1 1 1 ii
1926
1927
1926
1927
1928
i iI i i h i Ii i I i i I i i Ii
1928
as compared with January but was lower than last
year. Rayon imports declined from January, but
were much higher than a year ago, while prices have
remained unchanged for several months.
Hosiery showed a decline in January from a year
ago in production, shipments, new orders, and unfilled
orders, while stocks increased. For knit underwear,
however, all items except new orders increased in
February over a year ago. Production and stocks of
fresh water pearl buttons were much larger a year ago
than in February. Large increases were made over a
year ago in imports of burlaps and fibers and in the
manufacture of pyroxylin-coated textiles.
10
METALS
Iron ore imports and consumption in February were
ahead of last year, although consumption for two
months was slightly lower. Stocks of ore were also
slightly less than at the end of February, 1927. Pigiron production showed a falling off from last year,
especially in merchant furnaces. Production was
slightly higher than in January, in spite of the shorter
month, and more furnaces were in blast than at the
end of January.
The output of steel ingots increased over both the
previous month and last year, while unfilled orders of
the United States Steel Corporation continued to gain,
In the machinery line, new orders, shipments, and
unfilled orders of machine tools were much higher than
a year ago, as were new orders and shipments of electric hoists. Washing-machine shipments were slightly
higher than last year, while declines occurred in steams
power and centrifugal pumps, in electric overhead
cranes and in foundry equipment.
Production of copper except at the mines was higher
than a year ago, but the total for two months was less
than last year in all stages. Exports continued in a
higher rate than in the year 1927 and stocks were lower,
Prices of copper showed little change from January
but was higher than last year.
THE METAL INDUSTRIES
[Relative numbers, monthly average 1923-1925, taken as 100. February, 1928, is latest month plotted. Curve covering zinc stocks is plotted from 12 months' moving
monthly averages centered on the end month]
1923
1924
1925
1926
1927
1923
1928
1924
1925
1926
T927
1928
• PRODUCTION
100
ZINC
• I . i l .
1924
1925
1926
1927
1928
being the largest in two years. Production and new
orders of steel castings were less than a year ago, both
for February and for two months, while for steel sheets,
increases over a year ago were shown in production,
stocks, shipments, new orders, and unfilled orders.
Steel prices were generally higher than in January but
still below a year ago.
Among the fabricated steel products, increased activity over a year ago was noted in fabricated structural steel and in steel furniture both new orders and
shipments making gains, while for fabricated steel
plate and steel boilers, new orders were less than a
year ago. Exports of iron and steel, although lower
than in January, were higher than last year.
1924
1925
•i.,!..!.
Jnlnl,
1926
1927
1928
World visible stocks of tin were higher at the end of
February than a year ago, but stocks in the United
States were less and imports increased over January
and a year ago, but the two-month total showed a
decline. Tin prices continued to decline, and zinc
output declined slightly from last year, while stocks
were higher. The price of zinc declined and was considerably lower than last year. Lead production was
slightly higher than a year ago, but for two months
was less. The price of lead also declined. Orders
and unfilled orders of enameled sanitary ware were
higher than a year ago, shipments and stocks being
lower.
11
AUTOMOBILES
HIDES AND LEATHER
The production of automobiles in February was
larger than a year ago, despite a decline in the output
of trucks. Exports were also larger than last year,
while foreign assemblies declined. Shipments and
exports of accessories and parts were also larger than
in February, 1927. Imports of rubber declined from
January but were larger than a year ago, while the
price of rubber declined from both periods.
Imports of hides and skins continued to increase over
a year ago, while the production of hides, as shown by
slaughter of cattle, declined. Prices of hides turned
downward in February after a long period of increase.
The production of sole leather increased over both
the previous month and a year ago, but unfilled orders
for harness leather declined. Exports of leather continued far above those for last year and prices continued to increase. The output of shoes was slightly
larger than a year ago, but exports declined.
FUELS
PAPER AND PRINTING
Bituminous-coal production declined both from
January and a year ago, exports showing similar
The output of newsprint paper declined from last
year, but the Canadian production showed a consid-
THE FUEL INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. February, 1928, is latest month plotted where data were available]
1923
1924
1925
1926
1927
1928
1923
1924
1925
1926
1927
1928
1923
1924
1925
1926
1927
1928
CRUDE PETROLEUM
, , IV J! , , I, , I, , I, , I , ,1, , I, , I, , I, ,il , ,1 , , K
1923
1924
1925
1926
1927
1928
tendencies. Prices showed little change from January but were less than in February, 1927. Anthracite production declined slightly from both periods,
but exports were much larger than a year ago. Prices
advanced slightly over January but were less than a
year ago. A falling-off in beehive coke production
from last year was counterbalanced by a gain in byproduct coke, although the comparison with January
showed the reverse tendency. Exports of coke
increased over both periods, while prices declined.
The output of petroleum in February was smaller
than in last year and slightly lower than in January.
Prices of petroleum and its products showed little
change from January.
erable increase. Publishers consumed more than a
year ago and imports were much greater. Mill stocks
at both the United States and Canada were much higher
than last year, publishers' stocks being slightly less.
Production, shipments and new orders for boxboard
were higher than last year, both for February and for
the two months' total, while stocks and unfilled orders
were smaller at the end of February than a year ago.
Production of paper board shipping boxes was less
than a year ago, both for February and for two months,
but was much higher than the January output.
New orders and shipments of sales books were
greater than a year ago, while shipments of cash
checks declined.
12
STONE AND CLAY PRODUCTS
BUILDING
Contracts awarded for new buildings, measured both
in value and in floor space, were larger than in either
the previous month or the corresponding month of 1927.
Residential building, representing more than half of the
total value, showed the largest relative gains over both
periods, while the value of awards for new commercial
and industrial buildings were smaller than in either prior
period. Construction costs showed but little change
from either" period. Fire losses were lower than in
January but considerably larger than February, 1927.
LUMBER AND LUMBER PRODUCTS
The output of lumber was larger than a year ago,
most of the principal species except Douglasfirshowing
The output and shipments of face brick were larger
than in the previous month, with shipments showing
an increase also over last year. Stocks of face brick
were larger than in either the previous month or
February a year ago. Prices for common brick
averaged higher than in January. The output of
Portland cement was smaller than the previous month
but considerably greater than last year, while cement
stocks also showed a gain over a year ago. Production of plate glass was larger than in either prior
period. New orders for terra cotta, measured in
value, were larger than in either the previous month or
February a year ago.
THE AUTOMOBILE AND RUBBER INDUSTRIES
[Relative numbers, monthly average 1923-1925 taken as 100. Where available, February, 1928, is latest month plotted]
500
400
300
i
200
A 1A
150
I
1m
Vf
1922 1923
1921
1922
1924
1923
192-
1925
1926 1927
1925
1926
1928
1921928
increased production; increases were also made over
January. Shipments of lumber by manufacturers
were generally higher than in either the preceding
month or February of last year. Stocks of lumber
were generally higher than a year ago. Prices averaged
higher than in the preceding month but were lower
than a year earlier.
Production of flooring, both oak and maple, was
greater than the previous month. As compared with
a year ago, the output of oak flooring increased but
maple declined. Shipments of oak were larger than in
either prior period, while maple flooring shipments
showed declines for both periods. Stocks of oak were
larger than a year ago, while maple stocks were smaller.
f
f
rv
?
»
v
-TRUCKS
Airr OMOBIL E EXPO
I I I I I I I I I I I I I I I I I , | | | | j | | | | | | | | 1 | | | | | | | | | | | 1 | | | | | 1 | | | | | | | [ 1 j | j | | | | | | [ | 1 | | 1 | | | | | [ | | | |10
| | [ 1 | | | | |
1921
w
V
in
10 I
IQI
A -,\
w'Ivv
1 1
A
80
20
A us
TOTAL—
100
60
I
1
1111i 111! ii 11 In In hi i l l n l l i h ,
1921
1922
1923
1924
1921
1922
1923
1924 1925
i. I n T . i I I I l u l u l u l l i
1925
M111111111
1926
1926
1111 11II 111 11111111111
1927
1928
1927 1928
CHEMICALS
Imports of nitrate of soda were larger than in either
the preceding month or the same month of last year,
and exports of sulphuric acid, although greater than
in January, were considerably smaller than a year ago.
Exports of fertilizers were smaller than in either prior
period, while exports of dyes showed gains over both
periods except coal-tar dyes, which declined from last
year. Production of crude methanol was smaller than
either the previous month or February of last year,
but the output of refined methanol, although lower
than in the preceding month, was considerably greater
than in February, 1927.
13
FOODSTUFFS AND TOBACCO
The visible supply of wheat was substantially
greater than a year ago, as were receipts and shipments. Exports of wheat from the United States
showed declines from both the previous month and
February a year ago. Wholesale prices were generally lower than in either prior period.
The visible supply of corn was lower than a year
ago, but receipts and shipments increased. Exports
of corn were more than twice as large as in either the
previous month or February a year ago. Corn prices
were higher than in either prior period. The visible
THE TOBACCO INDUSTRIES
[Relative numbers, monthly average, 1923-1925, taken as 100. February, 1928, is latest month plotted]
UNMANUFACTURED TOBACCO
supply of oats was lower than a year ago, while receipts and prices were generally higher. The supply
of barley also showed a decline from last year with
prices averaging higher. Barley receipts at primary
markets were smaller than in either the previous
month or the same month of last year. The visible
supply of rye showed a decline from a year ago, while
rye prices were higher than in either the previous
month or February of last year.
Receipts and slaughter of cattle and calves were
lower than in February, 1927, and storage holdings
of beef products also declined. Wholesale prices for
cattle and beef products averaged higher than a year
ago. Receipts and slaughter of hogs were considerably larger than in February of last year, while storDigitized forage
FRASER
holdings of pork products were higher. Prices
for hogs and pork products averaged lower than last
year.
Keceipts of sheep and lambs were larger than a year
ago, while production and storage holdings of lamb
and mutton were smaller. Prices for sheep and lamb
averaged higher than last year. Receipts of poultry
at principal markets were larger than a year earlier,
while storage holdings were substantially lower. The
total catch of fish, although greater than in January,
was lower than February of last year, and storage
holdings also declined.
Receipts of butter were heavier than a year ago,
with storage holdings almost twice as large, but prices
TOBACCO
i ilnh
IIIIIIIIMI.IIMINIUIIIIII
averaged lower. Receipts of cheese were lower than
last year, while storage holdings and prices also
declined. Receipts of eggs were larger than last year
while storage holdings of case eggs were smaller.
Imports and meltings of raw sugar were lower than
a year ago, while stocks at refineries increased.
Prices of sugar averaged lower than in either the preceding month or in February of last year. Imports
of coffee, although smaller than in January, were
larger than a year ago. The visible supply of coffee
was greater than last year but prices averaged higher.
Consumption of cigars was greater than in either the
previous month or February of a year ago. Consumption of cigarettes and of manufactured tobacco and snuff
was lower than in the previous month but higher than in
February a year earlier. Exports of cigarettes and of
leaf tobacco declined from both prior periods.
14
TRANSPORTATION
Car loadings of freight, although larger than in
January, were lower than a year ago, the decline from
last year being very larely due to smaller loadings of
coal and ore. Loadings of grain and grain products
and livestock were larger than last year, while loadings
of merchandise and goods in less than carloads were
slightly smaller. Clearances of vessels plying foreign
trade, although smaller than in January, showed
larger tonnages than a year ago, with increases over
last year larger in both American and foreign bottoms.
Merchandise warehouse space was 79 per cent filled
at the end of January.
Total reserves showed practically no change from the
previous month but were lower than a year ago while
the reserve ratio, although slightly higher than in
January, was lower than in February, 1927. Interest
rates on commercial paper averaged higher than in
either prior period. Call loan rates, although lower
than in January, were higher than a year ago. Brokers7
loans were lower than in January but higher than a
year ago, while stock prices made similar comparisons.
GOLD, SILVER, AND FOREIGN EXCHANGE
Domestic receipts of gold at the mint were lower
than in January but greater than a year age. Imports
of gold was substantially lower than in either prior
WHOLESALE TRADE
[Relative numbers, monthly average 1923-1925 taken as 100.
February, 1928, is latest month plotted. Curves are adjusted for seasonal variation]
111 M 1 1 1 1 1 1 1 1 1 I I J I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
I 1 I I I I ! I I I I I I I I I I I I I I I 1 I I I 1 I 1 1 I I I 1 I I | I I I I I
1924
1925
1926
1927
1923
1928
1924
1925
111111111111111111111111111111111111
1926
1927
1928
100
DRUGS
i ! In! lI
M
I I I 1,
1923
DISTRIBUTION MOVEMENT
Postal receipts showed practically no change from
the previous month but were larger than a year ago.
Newspaper advertising declined from both the preceding month and February, 1927. Sales by the
leading mail-order houses were generally larger than
in either the previous month or the corresponding
month of last year. Ten-cent store business was
likewise higher than in either prior period.
BANKING AND FINANCE
Check payments, both in and outside New York
City, were lower than in January but larger than a
year ago. Loans and discounts of Federal reserve
member banks, although lower than in the preceding
month, were higher than a year ago. Bills discounted
by Federal reserve banks showed an increase over
both
the preceding month and February of last year.
111
i 1 1 i 1 1 i i 11
1925
11 11
19:
period, while gold exports, although lower than in
January, were ten times as large as a year ago, the
export balance in February contrasting with an import balance a year earlier. Production of silver was
smaller than in either the previous month or in February, 1927. Imports of silver, although lower than in
January, were greater than a year ago, while exports
showed gains over both prior periods. The price of
silver averaged lower than in either the preceding
month or February of a year ago. Exchange on the
principal foreign countries showed little change from
the preceding month, but, as compared with a year
ago, the Italian lira was substantially higher, while
the Japanese yen showed a decline. Imports of merchandise into the United States showed larger values
than either the preceding month or February of last
year. Exports, although smaller than in January,
were slightly larger than a year ago.
15
INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., by commodities or groups. They consist in general of weighted combinations of series of individual relative
numbers; often the individual relative numbers are also given. The function of index and relative numbers
is explained on the inside front cover. Many of the index numbers have been reworked to a comparable basis
on the average of the years 1923 to 1925, while maxima and minima are given only since 1923, except on this
page, thus eliminating the abnormal period prior to 1923. Other index numbers will be revised on the 1923
to 1925 base as soon as the limited printing appropriations will allow their presentation in complete form.
1928
1927
Maxi- Minimum 1
mum
since
since
Jan. 1, Jan. l, i
Febru- Novem- Decem- January Febru1920 January ary
1920
ary
ber
ber
PER CENT INCREASE ( + )
OR DECREASE (—)
February,
1928, from
January,
1928
February,
1928, from
February,
1927
PRODUCTION
(Relative to 1919 monthly average as 100)
RAW MATERIALS
180
73
122
108
148
127
113
107
-5.3
-0.9
165
256
155
122
273
152
193
149
131
145
62
105
41
0
0
17
78
38
57
80
147
227
147
89
0
151
183
136
82
110
137
215
136
80
0
137
171
136
67
105
135
234
105
94
51
135
184
130
93
106
130
235
106
82
0
133
182
139
77
106
131
229
114
77
0
136
175
139
78
104
124
215
106
75
0
134
178
133
73
95
-5.3
-6. 1
-7.0
-2.6
-9.5
138
314
143
177
153
245
390
192
190
80
19
58
64
54
30
21
45
94
111
34
89
114
77
82
140
105
142
99
36
76
89
66
99
96
112
132
124
51
114
98
84
51
310
122
145
123
49
82
113
71
51
355
79
145
117
45
86
142
75
73
148
113
146
113
36
74
141
74
111
105
108
139
-5.1
-20.0
-14.0
49
43
58
50
12
18
132
104
127
96
150
113
103
89
119
94
118
100
173
130
149
152
244
147
129
122
102
89
155
106
104
115
143
70
87
111
93
124
148
67
59
62
-10.6
-
246
242
254
405
346
170
-4.3
-32.2
-44. 1
-9.7
+ 39.3
+ 25.4
-28.7
-50.0
-38.0
Total
Lumber
Pulp wood
_ - Gum (rosin and turpentine)*
Distilled wood _
. «
136
137
164
356
149
61
59
51
20
24
98
101
79
61
116
103
107
90
42
100
117
110
120
251
103
106
101
119
198
94
101
102
107
64
97
108
114
90
44
108
+ 6.9
+ 11.8
-15.9
-31.3
+ 11.3
+4.9
+ 6.5
0.0
+ 4.8
+ 8.0
Grand total (adjusted for working days)
Grand total (unadjusted)
Foodstuffs Textiles
Iron and steel
Lumber
Leather
Paper and printing . _
Chemicals, oils, etc
.
- __
Stone and clay products
Metals, excepting iron and steel
Tobacco
Miscellaneous
138
142
135
133
152
166
115
127
211
190
195
147
164
71
68
77
54
32
57
63
69
92
69
71
70
37
117
117
103
115
126
123
80
118
198
90
160
115
105
129
119
94
113
126
127
86
106
176
90
150
107
126
111
111
107
118
104
127
83
102
206
155
139
135
74
105
105
107
103
106
118
79
104
199
131
129
103
77
118
118
117
111
130
122
83
104
187
104
144
120
103
130
125
126
112
132
135
89
98
176
99
144
116
124
+ 10.2
+5.9
+7.7
+.9
+ 1.5
+ 10.7
+7.2
+0.8
+5.0
Grand total
__
MINERALS
Total
Petroleum. _
Bituminous coal.
Anthracite coal
Iron ore*
Copper
Lead._ Zinc
Gold
Silver
_
0
-1.5
+ 1.7
-4.3
-6.4
-8.7
0.0
-22.1
-6.2
0
-2.2
+ 4.1
-2.2
+ 9.0
-9.5
ANIMAL PRODUCTS (marketings)
Total
Wool*
Cattle and calves
Hogs
Sheep
Eggs*
Poultrv .
-.
Fish
Milk (New York)
_
_
.
.
- __.
-.7
-1.3
+ 52. 1
-29. 1
-4.6
-4.8
+ 14.1
0
-2.6
+ 58.4
+ 12. 1
+ 12. 1
+ 9.4
-3.6
+ 5.3
CROPS (marketings)
Total
Grains*
Vegetables* Fruits*
Cotton products*
Miscellaneous crops*
+ 7.8
+3.5
FOREST PRODUCTS
MANUFACTURING
* Fluctuations between maximum and minimum due largely to seasonal conditions.
-5.8
—5. 9
-4.8
0
-3.3
+ 20.4
+34.0
—.9
+4.8
+ 6.3
+3.5
-7.5
0.0
+ 11.0
-4.0
+8.4
-1.6
16
INDEXES OF BUSINESS—Continued
1937
Maxi-
PER CENT INCREASE (-f)
OR DECREASE (—)
1928
Mini-
mum
mum
since
since
Jan. 1, Jan. 1, January Febru- Novem- Decem- January February
ber
ber
ary
1923
1923
February,
1928, from
January,
1928
February,
1928, from
February,
1927
STOCKS
(Relative to 1923-1925 monthly average as 100)
(Corrected for seasonal variation)
Total
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities
+
153
222
170
118
141
84
72
71
84
73
140
164
159
86
130
143
178
156
84
127
140
164
158
94
130
141
166
157
89
127
138
134
170
91
141
145
168
159
95
137
+ 5.1
+ 25.4
-6. 5
+ 4. 4
-2. 8
-5.6
+ 1.9
+ 13. 1
+ 7.9
151
197
196
132
138
77
60
64
79
74
144
176
165
87
127
147
193
153
85
128
141
138
196
92
133
145
157
185
84
136
142
155
169
90
137
151
189
149
96
138
+ 6.3
+ 21.9
-11.8
6. 7
0. 7
+ 2.7
-2. 1
-2.6
+ 12.9
+ 7.8
157
154
157
204
142
67
62
66
53
56
83
85
80
91
83
82
91
76
91
80
67
76
71
51
61
72
69
85
57
56
81
77
89
64
79
80
90
64
76
+ 1.2
+ 3.9
+ 1. 1
0
-3.8
-0.0
-12.1
+ 18.4
124
119
125
128
167
188
128
118
125
129
82
86
87
71
43
26
68
82
88
72
87
86
113
78
68
71
92
82
102
91
81
107
88
128
95
85
82
94
96
93
100
101
88
63
45
110
98
112
104
82
91
102
70
50
39
82
90
99
85
87
85
106
85
76
65
94
83
106
91
92
85
108
89
128
88
87
82
101
89
+ 5.7
0
+ 1.9
+ 4.7
+ 68.4
+ 35.4
-7.4
-1.2
-4.7
-2.2
1.1
4.9
0.9
1.1
0
-7.4
+ 2.4
0
+ 7.4
-7.3
156
64
103
101
149
167
105
108
250
192
169
160
161
163
62
82
79
70
55
96
155
134
97
95
82
104
148
129
99
103
84
146
189
144
105
125
118
279
202
182
156
164
178
104
188
146
90
100
87
115
194
148
96
106
86
+2.9
+ 10.6
+ 3.2
+ 1.4
+ 6.7
+ 1.1
+ 5.7
+6.9
+ 10.6
+ 31. 1
+ 14. 7
-3.0
+ 2.9
+2.4
186
117
71
83
89
92
83
97
122
116
186
96
88
91
85
97
-3.4
+ 6.6
+ 2.4
0
109
112
114
114
107
112
106
111
107
90
90
85
87
86
88
97
88
91
95
93
95
97
88
97
104
103
91
97
92
97
99
87
98
104
105
93
92
95
94
88
87
90
105
96
95
91
94
94
87
83
88
105
95
91
90
91
93
87
80
92
104
94
85
91
92
94
89
80
104
103
+
+
+
+
1.1
1. 1
1. 1
2.3
0
+ 13. 0
-1.0
+ 4.3
+ 1.2
-6.2
0
-3.1
110
108
110
115
87
82
82
86
96
82
87
108
96
88
92
110
90
93
82
96
89
89
83
97
87
82
85
96
90
85
89
94
+ 3.4
+ 3.7
+ 4.7
-2. 1
(Unadjusted index)
Total--..
Raw foodstuffs
Raw materials for manufacture
Manufactured foodstuffs
Other manufactured commodities
UNFILLED ORDERS
(Relative to 1923-1925 monthly average as 100)
Total
Textiles
Iron and steel
Vehicles
Lumber
-29.7
-5.0
WHOLESALE TRADE
(Relative to 1923-1925 monthly average as 100)
Grand total, all classes
Groceries
Meats
Dry goods
Men's clothing
Women's clothing
Boots and shoes
Hardware
Drugs
Furniture
RETAIL TRADE
.
+
+
+
+
(Relative to 1923-1925 monthly average as 100)
MAIL-ORDER HOUSES (4 houses)
CHAIN STORES:
Ten-cent (14 chains)
Grocery (34 chains)
Drug (14 chains)
Cigar (4 chains)
Candy (4 chains)
Shoe (7 chains)
DEPARTMENT STORES:
Sales*
Stocks*
EMPLOYMENT
77
(Relative to 1923-1925 monthly average as 100)
Number employed, by industries:
Total, all classes
Food products
Textiles
Iron and steel
Lumber
Leather
Paper and printing
Chemicals
Stone, clay, and glass
Metal products other than iron and
steel
Tobacco products
Vehicles
Miscellaneous
• See tables on p . 20 of this issue for previous data.
-IO.I
-8. 0
+ 6.1
-1.0
-6.7
-7.5
I
i
!
|
!
I
!
— 6. 2 !
-3.4
-3.3
-14.5
17
INDEXES OF BUSINESS—Continued
1927
PER CENT INCREASE ( +
OR DECREASE (—)
1928
Maximum
since
Jan. 1,
1923
Minimum
since
Jan. 1,
1923
111
108
115
117
107
117
114
114
111
114
111
114
119
85
90
78
79
84
84
94
89
84
81
81
79
86
96
96
96
99
88
94
110
106
90
95
81
79
113
102
95
102
104
91
100
111
110
97
99
84
95
115
98
94
88
94
81
112
101
97
88
95
84
97
94
97
95
90
89
83
114
102
93
90
92
86
105
152
178
253
154
166
252
108
108
108
98
122
81
79
126
120
140
140
152
85
87
127
122
142
143
143
94
84
137
120
136
141
153
162
86
105
114
106
124
114
112
113
116
104
111
127
94
94
85
98
94
84
97
90
95
98
87
97
97
97
101
94
98
99
98
98
98
90
95
96
100
95
96
98
96
98
98
91
105
112
85
95
98
97
173
167
186
177
179
208
123
176
158
141
167
160
156
174
118
171
167
159
173
173
168
192
121
174
I
Novem- Decem- January FebruJanuary Februber
ber
ary
ary
February,
1928 from
January,
1928
February,
1928 from
February,
1927
91
95
93
87
81
88
111
100
86
87
82
83
100
95
97
96
95
84
93
110
102
88
93
83
94
97
+ 4.4
+ 2.1
+ 3.2
+ 9.2
+3.7
+5.7
-.9
+ 2.0
+ 2.3
+ 6.9
+ 1.2
+ 13.3
-3.0
-6.9
+ 2.1
-5.9
-8.7
-7.7
-7. 0
-.9
-7.3
-9.3
-6. 1
-1.2
-1. 1
-15.7
137
123
141
138
158
153
90
137
125
144
138
154
152
91
135
128
153
139
144
141
90
-1.5
+ 2.4
+ 6.3
+.7
-6.5
-6.2
— 1.1
+ 6.3
+ 4.9
+ 7.7
-2.8
+.7
+ 50.0
+ 7.1
97
104
102
114
98
83
97
90
97
99
97
104
101
117
97
83
98
90
97
99
89
96
106
99
121
97
81
98
91
96
99
89
96
105
99
124
97
81
98
91
96
98
87
0.0
-.9
0
+2.5
0
0
0
0
0
-1.0
-2.2
0.0
+ 10. 5
+ 3.1
+24.0
+ 2.1
— 15. 6
0
-5.2
-2.0
0
-4.4
97
97
103
105
102
105
102
105
103
103
+ 1.0
-1.9
+ 6.2
+ 6.2
165
156
172
172
167
190
121
174
164
157
167
171
163
184
122
173
164
156
166
171
163
184
122
173
163
155
166
172
163
184
122
172
162
152
165
171
163
184
122
172
-.6
-1.9
-.6
-.6
0.
0
0
0
-1.8
-2.6
-4. 1
-.6
-2.4
-3.2
EMPLOYMENT—Continued.
(Relative to 1923-1925 monthly average as 100)
Amount of pay roll, by industries:
Total, all classes
Food products
Textiles
Iron and steel
Lumber
Leather
Paper and printing
Chemicals
Stone, clay, and glass
Metal products other than iron and steel
Tobacco products
..
Vehicles
Miscellaneous
PRICE INDEX NUMBERS
FARM PRICES
(Relative to 1909-1914 average as 100)
All groups
Grains
Fruits and vegetables
Meat animals
Dairy and poultry
Cotton and cottonseed
Unclassified
WHOLESALE PRICES
Department of Labor Indexes
(Relative to 1926)
All commodities
Farm products
Food, etc
Hides and leather products
Textile products
Fuel and lighting
Metals and metal products
Building materials
Chemicals
House-furnishing goods
Miscellaneous
Commercial Indexes
(Relative to 1926 monthly average as 100)
Dun's
Bradstreet's
^
COST OF LIVING
National Industrial Conference Board Indexes
(Relative to July, 1914)
All items weighted
Food (Dept. Labor)
Shelter
Clothing
Fuel and light (combined)
Fuel
Light
Sundries
95561—28-
+.8
-1. 1
18
MISCELLANEOUS DATA
(In number of doors)
MONTH
January February January
10,756
12,465
111,313
94,534
(Packaged)
(Per cent of rooms occupied)
WHITE-PINE DOORS
Receipts
...
Shipments
Stocks, end of month
Unsold stocks _
SALES OF RUBBER BANDS l
HOTEL ROOM OCCUPANCY *
DOORS AT WHOLESALE, 1928 *
18,763
19,309
116,234
88, 582
February
9,175
18,069
15,524
80,340
65,764
47,601
41,637
1
Compiled by the Wholesale Sash and Door Association from reports
of 20 firms in January and 25 in February.
October
November
December
January
February. _
72
73
66
72
71
76
74
67
71
72
i Compiled by Horwath & Horwath from reports of more than 100
hotels throughout the country.
Data include both transient and
residential hotels.
RADIO STOCKS IN DEALERS' HANDS l
Pounds
MONTH
1926-27 1927-28
1927
196,201
181,046
192,926
Number of dealers
Receiving sets:
Battery-operated..
A.-C. operated
Loud speakers:
Ordinary
Amplified
Batteries:
Storage.
Dry
7,482
7,737
65,921
6,987
62, 778
25, 584
63,861
3,280
74,771
3,054
52,242 42,500
246,143 226,835
Socket power units
(eliminators):
Total..
Receiving tubes:
Battery
A.-C
Rectifying tubes:
Total-.
41,332
49, 753
494,561 522,806
29,278 115,004
36,208
39,813
January...
February.
217, 798
i Compiled by the Rubber Association o) America {Inc.),
Rubber Sundries Manufacturers' Division. From data
reported by 8 manufacturers estimated to represent
80 per cent of the industry.
GAS-FIRED BOILERS:
JANUARY, 1928 *
CEMENT PRODUCTION
Oct. 1, Jan. 1,
1927
1928
Pounds
1928
October
November
December
(Ratio to capacity)
Oct. 1, Jan. 1,
1927
1928
MONTH
MONTH
1927
1928
MONTH
1927
ITEM
January
February.March
April
May
June
45.1
44.6
61 9
78.1
88.9
93.1
49.4
47.5
July
August
SeptemberOctober
November December. .
90.4
94.5
92.3
87.4
75.9
60.7
Shipments (dollars)
Shipments (thous. B.
t.u.)
_
Production (thous. B
t.u.)
Stocks, end mo. (thous.
B. t.u.)
i Compiled by the U. S. Department of
Commerce, Bureau of Mines, representing the
relation of cement production to the estimated capacity of the entire industry.
1
Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic
Commerce, with the cooperation of the National Electrical Manufacturers* Association, Radio Division. Detailed data by States are given in the press releases issued
by the Department of Commerce.
; Boilers
96, 589
132,733
846,845
i Compiled by the Gas Heating
Boiler and Furnace Association from
reports of 8 manufacturers, estimated to represent about 75 per
cent of the industry. Total shipments for previous years were as
follows: 1925, $1,100,752; 1926,
$2,293,345: 1927, $2,702,799.
CANADIAN PASSENGER-CAR PRODUCTION
[Number of vehicles]
1913
1914
1915
1916
1917
1918
1919
1920
January
February
March...
April
1,415
1,562
2,273
2,717
2,054
2,549
3,061
2,496
1,854
3,558
4,459
4,992
5,299
6,833
6,620
5,544
6,855
9,543
9,853
6,147
5,681
9,482
10,378
2,895
2,482
4,557
6,151
6,324
8,544
9,254
May
June
July
August..
1,907
1,470
1,483
1,238
2,160 4,151
2,167
3, 700
1,196 I 2,719
824 i 4,101
6,944
3,566
2,666
3,263
12, 071
9,635
8,014
5,998
10,124
5,733
5,879
4,619
September
October
November
December
588
750
939
1,176
368
517
370
360
4,494
3,480
2,791
2,743
6,273
4,988
1,992
2,223
7,216
7,288
6,552
6,054
4,163
5,313
3,598
3,972
17, 518
1,452
18, 022
1,502
38,934
3,245
55, 659
4,638
94,623
75, 089
6,257
Total
Monthly average..
1922
1923
1924
7,862
2,358
3,711
6,608
7,978
4,629
6,907
9,892
10, 640
9,341
10, 910
13, 742
14,331
9,841
12, 072
15,194
14, 448
9,749
9,789
9,172
7,374
10, 075
9,872
10, 290
5,349
10, 334
7,702
5,360
3,725
12,195
10,423
6,731
6,266
16, 705
13, 299
10,475
8,742
7,409
5,528
4,513
3,447
2,577
4,026
2,899
2,777
3,618
6,671
5,868
7,145
7,537
8,272
79,933 | 83,635
6,661 I 6,970
61,096
5,091
94,904
7,909
129, 228
10, 769
6,430 ;
7,116 !
7,964
7,602
7,845
1926
1927
8,301
10, 779
13, 014
15, 515
11, 781
14, 761
17, 989
17,929
11, 745
14,826
19,723
20, 890
15,291
10,757
8,619
5,436
18,351
14,249
11,140
7,430
21,429
18,818
12,953
12, 778
21,991
16,470
8,719
10,139
6,357
5,962
7,200
10,372
13,921
8,741
7,498
13,347
10, 595
6,774
6,052
8,681
6,236
5,173
2,277
139,311
11,609
165, 206
13, 767
146,870
12,239
117, 765
9,814
1
Data prior to 1922 represent prorated figures compiled by Babson's Statistical Organization (Inc.) from actual monthly reports of individual companies estimated to
represent 90 per cent of the total passenger-car production during those years. Data since 1921 compiled by the Department of Trade and Commerce, Dominion Bureau of
Stattstics, covering actual production or factory sales for the entire country.
19
REVISED INDEX OF MINERAL PRODUCTION
[Relative to 1923-1925 monthly average=100]
ft*
ft
complete, but these have been prorated to 100 per cent to compare with the later data. The sources and weightings are
summarized below:
COMMODITY
Petroleum
Bituminous coal..
Anthracite cosl
Iron ore...
Copper
Lead
Zinc
Gold
Silver
nc
itu
u
|
4
1 11
1 n
MONTH
ore
As part of the program to bring the general index numbers to
a common postwar base, the index of mineral production has
now been shifted to the average for the years 1923 to 1925,
which has been adopted by most compilers of index numbers.
New weightings have been calculated, based on the average
values of mine production of each commodity shown in the
reports of the United States Geological Survey for the years
1923 to 1925, in ten millions of dollars. The same commodities
and sources have been used as in the original index, and the
index is constructed in the same manner. (See issues for May,
1922, and September, 1922.) All the series cover practically
complete production in their respective lines, except iron ore
(about 85 per cent complete), and gold (about 40 per cent complete). Prior to 1927, lead figures were only about 85 per cent
N
M
Item used
Production
Shipments
from mines
do
Shipments through upper
Lake ports.
Mine production-__
Production of crude lead
Refined production less
imports.
Domestic receipts at mint...
Mine production.
_.
85
74
84
72
87
94
96
99
91
101
94
Monthly average.
114
94
110
89
92
106
106
115
115
122
121
122
111
95
118
93
119
122
124
120
70
121
112
124
109
111 I 113 !
Monthly average-
95
72
71
65
78
80
71
81
82
103
85
73
73
64
114
118
117
118
115
120
108
111
109
116
105
92
91
101
5
161
214
223
214
206
205
125
82
86
82
77
76
70 !
84
97
101
97
101
102
98
99
93
94
121
109
95
70
74
72
77
83
97
111
97
106
114
110
117
98
112
111
112
102
110
111
98
107
97
93
109
76
76
81
82
77
73
101
107
64
147
114
104
4
60
83
94
100
91
75
112 j 43 ! 30 I
Monthly average .
72
75
91
46
54
61
60
66
86
98
94
92
70
67
76
73
76
74
76
76
74
78
77
82
86
94
115
36
47
51
39
51
94
104
104
107
93
100
130
0
1
1
2
2
74
127
126
125
75
75
77
65
39
103
115
84
81
76
74
76
79
89
72
74
Monthly average
22
9
7
5
5
15
152
175
168
155
143
129
82 |
104
97
107
95
102
97
98
100
97
109
105
110
109
97
105
99
105
96
95
85
83
93
93
102
85
103
94
90
90
75
103
106
123
145
122
104
112
104
89
107
92
93
102
104
106
106
107
100 102
97
103
101
113
106
116
104
111
106
106
109
105
119
114
120
110
103
113
101
105
101
105
102
104
103
111
115
100
92
87
96
81
82
106
100
90
147
118
108
104
101
100
99
100
100
97
98
101
97
105
104
103
92
103
98
88
89
91
100
91
101
105
112
104
110
109
110
114
110
96 | 107
102
106
94
101
91
100
119
89
86
77
81
85
90
103
107
121
116
121
107
104
102
108
118
113
123
134
1
1
2
3
49
192
184
197
197
170
162
98
0
113
105
114
107
107
106
104
103
103
108
102
106
104
100
76
104
106
111
106
101
108
103
115
111
112
108
110
109
110
114
114
110
118
110
121
108
116
110
111
114
110
124
120
125
124
110
116
115
118
105
104
113
113
117
115
121
85
67
86
80
78
95
112
128
125
119
101
99
3
37
153
207
208
157
141
104
99
103
101
93
91
88
92
96
1926
87
76
81
82
94
88
106
118
103
137
120
95
74
73
79
79
80
90
82
105
100
97
92
95
20
28
47
58
70
72
71
76
72
78
77
79
78
74
80
72
78
74
74
76
72
82
80
84
52
50
58
56
60
63
70
69
72
83
79
90
62
.77
67
89
84
92
82
88
84
84
86
83
94
91
95
102
94
107
103
103
94
95
92
86
92
97
102
80
83
74
75
92
80
106
114
122
103
124
104
115
125
129
96
102
100
94
102
92
90
88
97
96
103
87
91
85
101
95
102
103
109 ! 101
106
112
117
109
107
117
125 ! 114
114
120
115
118
122
106
105
91
89
96
99
106
112
124
136
131
31
129
121
119
132
124
121
124
128
110
111
107
105
110
104
110
1927
116
112
104
115
97
108
108
103
115
110
114
103
116
111
123
118
124
121
128
127
122
126
120
121
131
121
138
80
81
84
77
101
93
95
97
87
90
106
119
108
75
115
98
110
102
89
116
105
105
108
109
105
99
102
100
106
103
102
116
106
120
118
112
114
112
109
104
110
113
111
113
113
117
113
111
105
105
110
105
111
108
115
93
76
85
79
77
76
105
105
118
111
105
87
91
93
91
97
88
94
95
95
107
121
99
100
105
112
110
93
93
1923
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..
122
44
18
1925
1922
January
February...
March
April
May.
_.
June
July
August
September..
October
November..
December. .
Lake Superior Iron
Ore Association.
Am. Bu. of Metal Stat_
do
—
Am. Zinc Institute
Bureau of the Mint
Am. Bu. of Metal Stat.
1924
102
96
95
83
95
94
97
97
102
108
94
1921
January
February...
March
April
May
June
July
August
SeptemberOctober
NovemberDecember..
no
do
1
1920
January
February...
March.
April
May
June
July
August
SeptemberOctober
NovemberDecember..
Weight
Source
Bureau of Mines
do
99
87
100
95
110
112
114
119
103
117
105
93
86
79
93
96
102
102
107
108
106
110
107
97
119
100
111
101
110
108
107
116
110
117
102
95
126
113
136
117
124
126
121
128
42
126
112
112
0
154
220
241
238
210
187
114
0
85
78
92
90
95
95
96
100
94
100
97
98
105
99
108
115
114
93
0
141
203
231
248
222
216
91
1
36
179
196
199
203
167
155
46
97
95
93
96
90
106
94
20
DEPARTMENT-STORE SALES AND STOCKS »
11923-1925 monthly average=100]
San Francisco
DaUas
Kansas City >
Minneapolis
St. Louis
Chicago
Atlanta
Richmond
Cleveland
Un-
Ad- adjust- usted
ed
New York
United
States
Boston
3
San Francisco
as
Dallas
Minneapolis
St. Louis
Chicago
Atlanta
Richmond
Cleveland
Philadelphia
New York
Un-
Ad- adust- usted
ed
Boston
United
States
YEAR AND
MONTH
Philadelphia
STOCKS, END OF MONTH
SALES
1919
January
February
March...
April
May__
June
July
August
September
October..
November
December
70
71
72
74
61
55
66
78
60
54
66
79
57
62
75
68
63
64
88
61
54
66
76
67
61
79
87
68
71
87
90
84
69
93
98
78
69
96
89
50
44
57
62
73
71
70
70
65
68
72
73
70
71
75
77
64
66
72
73
66
63
64
63
62
66
70
71
66
66
81
73
75
77
78
76
72
81
86
86
75
79
87
85
61
63
65
67
72
78
80
80
75
74
60
62
80
76
58
62
73
7?,
56
54
70
73
57
57
74
74
62
67
83
82
63
59
92
83
76
72
96
95
76
81
91
89
71
73
64
61
59
66
70
72
78
85
72
70
72
81
76
73
75
82
71
69
72
81
59
60
60
59
70
70
71
80
69
68
72
86
73
70
72
82
95
81
94
94
91
86
80
91
66
80
80
87
83
74
94
95
139
74
96
93
138
103 70
118 83
120 75
177 126
88 92
88 97
88 100
93 87
94
104
107
93
92
98
103
92
67
68
68
64
91
94
96
84
102 93
107 100
106 101
86 87
94
104
106
88
99
105
102
88
87
9?
0?
81
78
78
76
79
77
84
94
93
98
68
79
83
79
63
77
82
90
89
74
84
63
92
85
68
92
81
72
93
85
71
99
73
65
96
93
81
112
96
75
105
103
90
127
75
60
79
84 92
88 101
99 113
73
74
79
95
105
113
88
93
91
101
109
S?
9?
Oft
91
118
103
116
79
80 89 95
93 101 104
105 114 108
96
92
97 86
101 96
103 107
92
84
69
95
92
106
110
102
115
79
110
116
110
114
111
105
100
100
96
100
107
101
92
122
106
121
84
105
107
no
90
116
89
80
72
106 103
110 102
105
105
77
77
105
104
103
104
63
83
70
90
88
113
108
94
110
78
111
108
119
no
115
98
95
74
82
120
123
68
107
111
109
67
95
91
95
110
88
90
120
98
98
74
116
101
82
110
93
69
100
69
114
97
75
98
71
77
107
98
99
101
109
92
92
85
104
84
98
79
103
79
102
92
106
83
105
102
136
105
113
113
135
81
90
113
108
117
119
105
108
119
120
83
80
120
125
119
119
95 109
87 145
103
139
108 118 111 112 130
145 139 148 159 175
113
150
133 ;;;;;
133
106 115
87 93
76
66
118 109
95 83
94
91
91
93
98
93
113
81
71
92
89
84
67
95
92
81
70
89
88
82
76
92
93
88
77
97
92
76
69
98
89
86
83
110
95
71
76
92
91
89
67
86
84
89
88
88
88
87
63
92
96
62
85
87
60
89
89
63
91
87
63
88
93
65
100
91
70
M o . av
73 71 73 78 91
97 92 89 95 108
96 110 91 100 115
142 135 134 150 174
89
104
98
135
1
82
70
79
1920
January
February
March...
April
96
89
98
May
June
July
August
September
October
November
December
M o . av
1931
January
February
March
April
96
May
June
July
August
.
.
—
139
98
120
121
151
149
104
105
126
94
117
91
135 101
91 81
111
120
96
137 85
174 130
100 113
96 90
105
97
108
77
106
107
113
105
117
83
88
75
102
110
91
85
110
96
74
64
79
75
87
81
82
88
90
82
86
92
94
71
76
83
83
77
82
89
93
73
79
85
88
89
94
97
99
67
86
85
87
78
82
88
90
73
70
100
90
75
81
82
76
85
87
79
86
94
93
83
92
97
98
75
78
8?
85
86
81
66
101
86
62
100
99
78
101
97
70
79
74
64
87
88
90
89
85
84
88
85
83
92
89
86
83
80
79
91
88
86
86
82
80
97
91
90
84
82
77
94
92
91
85
81
83
78
94
92
89
69
80
77
77
93
89
84
89
83
91
87
96
84
79
97
103
91
90
112
74
85
93
91
96
100
93
99
98
102
91
95
98
100
99
102
108
113
90
93
103
106
110
110
103 79
147 125
87
91
94
95
89 101
88 83
103
87
104
88
96
78
101
83
106
110
82
91
90
75
92 106
76 90
110
83
96
79
89
88
92
83
90
88
98
81
82
94
97
85
87
89
86
89
96
82
90
97
—
.....
—
—
—
97
79
83
66
64
60
67
65
64
72
67
66
84
September.__ _.
October
79
86
73
97
77
100
70
105
69
98
69
91
70
101
79
115
77
102
92
103
November
December
83
82
95
138
96
147
100 106
148 145
87 100
128 152
103
148
76
87
87
89
M o av
—
87 102 99
122 149 131
1922
January
February
March
April
. ..
._
85
83
85
71
79
75
77
67
64
71
67
69
76
74
67
85
85
89
72
79
87
69
84
85
8?
67
83
71
84
62
78
63
80
70
81
59
73
67
84
63
83
71
89
57
75
70
65
87
90
89
88
80
65
81
84
91
89
94
86
95
87
88
81
89
86
93
95
101
77
83
77
84
91
89
89
97
84
91
88
89
97
90
94
90
89
94
86
87
99
86
76
87
91
96
96
84
90
92
100
83
81
93
96
92
May
87
90
96
89
90
90
87
93
89
92
95
95
89
86
88
94
92
84
87
88
96
80
82
93
94
88
June
July
August . .
88
87
97
87
89
86
86
84
84
86
90
86
77
87
85
90
89
86
84
84
90
76
77
89
85
87
87
64
63
70 1 69
60
63
60
68
65
72
59
C3
66
71
64
70
62
69
73
83
64
66
67
83
88
89
82
86
87
89
85
88
81
84
80
83
82
85
88
94
75
82
78
83
87
91
83
91
83
84
86
September
October
90 84
91 103
92 105
93 150
89
105
106
153
101 78
102 95
103 92
147 142
90 93
88 96
89 100
90 85
100
105
109
93
97
99
105
89
93
98
104
88
90 96 102
94 105 104
97 105 106
82 87 87
86
90
91
76
88 97
91 101
90 10?
77 85
97
100
99
80
9092
96
84
88
92
89
91
87
86
90
83
88
94
92
89
86
90
96
81
82
93
91
88
80
83
82
82
79
75
78
83
89
85
87
77
85
90
77
72
86
80
83
72
99
94
71
96
99
68 80 74 68 75
93 105 105 106 101
92 92 99 90 97
98 102
102 101
98 71
99 79
102
106
69
77
100
113
161
89
111
112
164
85
121
115
164
83
118
129
166
91
116
109
158
81
118
117
170
91
128
117
162
95
114
109
154
101
117
111
157
97
112
105
148
98
98
96
101
100
97
100
98
99
99
November
December
M o av
82 79 82 78 82 87 92 94
110 103 102 10? 110 95 107 105
107 118 100 106 107 100 108 102
154 156 147 158 155 142 151 148
—
85
89
93
90
78
76
83
80
79
71 76 69
96 105 96
98 96 106
71
97
89
70
92
85
1923
January
February »
March. .
April
May
June
July. _
August
September
October
November
December
M o . av
._
91
93
99
97
89
.. 100 117
99
100
See footnotes at end o table.
97 102 106 99 104 102 100 105
97 105 106 102 101 102 102 100
66 68 74 68 74 71 70 75
69 75 87 68 79 88 76 91
—
93
94
95
97
105 101
97
91 88 1 96
67 81
97
68 94 100
101
121
111
154
88
110
100
163
96
96
101
100
101
100
89 1 92 88 89 88 94 96 90
98
99 97 100 96 102 103 99
100 101 100 100 100 105 105 100
88 94
93 104
96 102
98 101 104 98
93 97 98 91
91 9?, 97 89
96 96 103 100
93 102
86 96
89 94
95 99
99 ! 101
94
93
90
89
94
96
99 100
93 94
90 87
94 93
90 87
97 95
99 100
97
92
91
101
97
93
93
98
105
111
114
94
105
115
118
100
105
112
114
96
104
111
116
96
104
111
114
93
108
117
118
93
112
117
115
94
107
109
114
93
102
105
106
87
105
111
110
90
107
109
108
89
103
107
110
93
98
100
98
98
97
101
103
97
93
99
97
97
21
DEPARTMENT-STORE SALES AND STOCKS ^Continued
[1923-1925 monthly average=100]
1
99 87
__ 105 82
99 91
99 104
May .
June
July
August..
97 100
100 94
96 72
95 74
September _. _.100 93
95 111
October
101 111
November.
100 168
December.
Mo. av
99
1925
January
February
March
April
98 86
103 80
103 95
102 106
May
June
July
August
101 100
100 99
100 75
. .-101 78
September. . _.102 95
110 129
October
104 114
November
106 178
December
99
99
98
98
98
99
100
99
101
102
100
101
103
91 90 83 83 79 80 82 83 87 83 91 90
77 81 81 81 78 81 78 80 76 80 87 79
91 92 96 96 99 95 94 99 93 97 104 98
107 104 105 110 109 104 109 110 112 105 104 102
102 90
101 96
101 104
101 106
93 92 87 86 91 91
91
89 90 85 88 93
94 95 95 97 94 93 97 96 96 96 98 96
103 104 108 106 103 98 105 105 106 103 105 102
104 106 105 108 102 100 105 107 106 104 107 104
100 102
100 97
101 94
102 98
102 103 101 105
97 99 97 99
91 94 91 93
93 97 95 98
100 100
105 100
75 73
71 71
95 101 99 103 103
99 99 102 93 102
69 76 76 74 77
69 80 72 74 83
95 103
93 99
71 77
78 88
95
100
96 105 105
94 94 95
73 71 87
81 73 100
99
97
91
92
101
93 97 85 89 88 84 106
124 140 124 124 133 135 128
110 121 122 104 124 116 113
179 188 174 169 194 179 178
100
139
113
177
103 97
133 118
110 110
173 178
102 106
101 111
102 115
103 97
102
109
114
96
108 105 106 104 103 107 111 107 107 112 105
113 111 109 115 105 113 113 109 111 113 111
119 117 113 117 105 117 119 111 112 112 112
101 99 95 96 85 99 99 91 93 88
102 105
103 102 100 104 105
101
100
103
100 101
104 102 104
100
130
102
161
100
123
104
164
101
99
96
102
104
101 »100
106 89
104 81
101 102
103 103
101 94 86 83 87 86 87 85 85
74 83 78 81 78 87 86 85 76
95 98 103 98 107 103 107 105 93
104 103 98 10?, 103 106 107 108 107
79 91 91
73 90 82
92 107 109
94 103 104
105 93
103 98
104 107
103 107
91 99 93 87 91 94 95 93 91
94 99 95 96 97 94 102 97 96
102 109 106 106 105 103 107 106 104
103 111 103 104 107 104 107 111 104
107 107
._ 102 101
104 78
107 83
104 106 105 106 108 114 116 105 101
105 104 98 97 102 101 106 96 92
77 76 70 78 78 77 84 72 81
76 78 71 85 77 80 89 81 84
92 112 107
90 103 99
72 76 91
76 87 107
101 103
101 98
101 94
101 97
101 107
96 101
91 98
90 99
103 98 109 109
109 103 127 118
101 107 121 116
152 164 178 193
103 107
103 114
104 117
102 96
103
111
117
98
M o . av _
102
97 102 105 103 100 104 70?
91 96 99 97 94 93 97
87 94 98 94 93 93 97
96 100 105 100 102 103 101
1926
January
February
March
April
109
110
106
110
San Francisco
101
99
103
September
October
November
December
Dallas
100 2 99 102
99
100
Mo. av
May
June...
July
August
Kansas City'
Minneapolis
Boston
New York
99
St. Louis
103 105 104 105 103 103 105 107 104 103 110 105
110 113 112 113 112 110 113 114 111 109 114 111
115 114 115 112 113 107 108 113 112 109 112 112
97 97 96 94 92 84 94 93 92 87 89 93
Chicago
101 105
101 111
100 113
100 94
90 95 84 91 89 91 97
110 122 110 103 114 118 100
108 116 118 107 118 107 112
171 174 172 161 182 165 158
96 105
92 94
69 78
71 85
Atlanta
100 98 100 112 90
111 105 107 122 108
110 109 104 111 100
167 157 160 166 167
99
91
73
79
Richmond
103 100 101 108 102 107 102 107 103 100 103 105
97 94 94 100 96 99 97 100 96 93 96 100
94 90 90 94 91 95 94 98 93 91 94 98
93 94 93 96 90 94 98 103 97 97 104 98
98 104
98 90
71 70
64 71
a
rt
Ad- Unadjust-ijusted ed
Cleveland
102 104
100 97
100 93
100 96
99 102
97 96
69 72
69 78
02
Philadelphia
94 105 101
88 92 87
69 70 80
73 68 96
99
96
71
65
k
New York
103
101
73
69
6
Boston
90 91 93 86 88 96 85 90 88 89 89 92
95 92 96 98 97 102 96 100 96 98 99 99
105 100 107 107 106 108 108 107 104 105 106 106
105 104 105 110 106 110 107 110 101 105 108 108
Minneapolis
101 90
102 97
102 105
103 107
St. Louis
91
83
92
95
Chicago
85
78
91
98
Atlanta
84
77
85
96
Richmond
95 89 86 84 81 83 82 81 83
79 78 87 86 76 83 81 82 72
90 88 94 93 89 90 90 94 88
109 101 108 111 105 103 107 100 111
Cleveland
San Francisco
January
February
March
April
Philadelphia
United
1 States
United
States
YEAR AND
MONTH
Ad- Unadjust- justed ed
STOCKS, END OF M O N T H
Dallas
SALES
101
124
121
184
97
120
119
182
104 88 97 91 89 118 105
134 119 121 127 124
126
129 124 113 132 123 123 122
196 180 177 197 181 183 172
106
105 109 102 103 107 106 111 105
99
95 109 110
103
77 87 98
76 86 85
89 97 109
98 109 115
103 92
102 97
103 106
102 106
1937
January..
February
March
April
106 89
106 83
105 100
105 111
103 96 80 85 84 85 84 79 81
78 84 78 82 78 88 90 83 76
97 99 94 98 99 99 108 98 92
111 112 103 116 110 109 117 108 104
Mav__
June
July
August.
103 102
104 101
103 75
111 89
September
October.
November
December
109 100
105 119
107 122
111 186
100
110
74
84
99
115
120
182
M o . av
106
102
109
74
84
94 105 103
97 99 100
65 78 73
73 93 80
108 108
99 107
76 82
86 99
96
93
68
90
91
91
75
92
88
86
68
83
112 107
95 95
69 83
80 114
106 83 95 91 97 114 97 93 95 105 111
128 109 113 121 128 119 127 109 106 125 119
134 120 112 124 119 125 120 100 110 120 121
201 174 176 195 191 185 177 155 165 191 195
106 111
95 104 105 107 112 103
97
98 103 102
94 98 98
88 92 92
93 95 92
109 103 106 10R 103 108 111
116 113 113 117 110 116 118
121 118 117 119 108 117 117
101 98 94 96 88 96 96
100 88 96
113 95 100
120 102 106
119 104 109
116
108
107
114
99 106
90 100
86 98
93 101
119 100 107
126 103 113
125 100 118
100 79 97
96 114
95 104
91 98 91 87 90 90 92 90
95 97 95 96 96 100 97 95
105 107 105 105 106 108 104 102
107 109 103 105 105 110 105 103
81 97
87 109
94 116
95 115
77 97
85 10?
89 109
93 109
112
104
101
116
123
129
126
102
90 107
83 103
79 101
88 103
96 108
97 115
98 118
74 100
89 113
87 106
106
99
95
95
105
98
95
99
98
92
89
91
103 107
103 113
103 116
102 96
106
113
118
101
109
116
117
99
101
111
114
95
95 106 113 ..... 102
97
99
99
80
101
98 104 105
100 106 100 101 102
103
97
94
97
101
100
101
101
98 102 104 101
92 99 101 95
91 92 99 89
92 101 103 92
101
103 104
102 103 103 101 102
98 96 92 95 96
93 93 91 93 95
97 92 96 99 97
107 106 107 108 108
112 117 112 114 112
115 121 115 116 112
94 96 90 93 93
99 101 102 101 101 100
91
84
83
87
94
97
97
80
i Compiled by the Federal Reserve Board, Division of Research and Statistics, from reports of about 560 department stores located in 250 cities with total annual sales of
over $2,000,000,000. Stocks are reported by about 470 firms, their 1925 stocks averaging $570,000,000. In all cities covered by the sample census of distribution, except Chicago,
sales of reporting stores were over two-thirds of the total department-store sales in each case. The index numbers are based upon aggregate values and the adjusted indexes
allow for seasonal variations, differences in number of trading days, and variations in sales attributable to the movable Easter.
21925 monthly average=100.
22
FOREIGN [CAPITAL ISSUES PUBLICLY OFFERED IN THE UNITED STATES: 1914-1927
[Thousands of dollars]
MONTH
January
February
March
April
_
_
May
June
July..
August
September
October
November
December
1914
1915
$740
14,054
3,000
2,000
$32,189
20,846
36, 433
60,095
200
3,764
2,775
None.
48, 531
20,400
40, 790
12, 750
20,271
38, 252
107, 700
259, 780
None.
7,003
531,808
7,100
15,550
17,020
372, 736
83, 519
12,350
940
3,000
7,250
Total
Monthly average
1916
1919
1913
$13,104 $261, 780
95,609
19,173
92,855 125,865
17,884 105, 458
833, 495 1,131,080
94, 257
69, 458
37, 723
3,144
1917
1921
1920
1922
$71, 322
44, 275
29,042
15,000
1923
1924
1925
$92,ci6
48,621
148, 820
216, 477
$71,492
50,462
24,347
12,175
139,400
11,454
41,500
$83,500
137,500
82, 266
52, 740
$86,323
113, 588
52, 451
140, 650
$181, 633
87, 305
107, 375
203, 284
56,603
35,003
27,815 ! 172,078
86,236 j 172,058
90,565 ! 58,450
87, 515
115,636
120, 875
66, 340
52,879
155, 049
67,021
104, 645
107,075
154,240
135,196
138,666
87, 397
260,105
166,366
101,902
495,662 1,219,542 1,329,921 1,318, 555
41,305
101,628
110,827
109,880
1,574,961
131, 247
$6, 000
2,300
2,000
1,000
$28,155
160,977
1,400
12, 400
$71, 270
32,550
55,437
13,450
41, 622
14, 250
104, 230
8,760
500
4,240
7,520
None.
28,115
32, 860
137, 563
22, 250
29,586
87,601
36,000
26, 575
134, 670
33, 280
10,975 119,471
32,015 ! 35, 380
51,820 ! 2,620
4,500
41, 550
6,500
52,057
17, 800
2,500
780
15, 929
None.
100
2,595
3,460
5,000
325, 092
29, 721
29, 712
121, 525
91, 775
41, 760
28, 662
96,350 i 23, 721
49,260 f! 60, 870
29, 250
52,009
17,443
88,375
86,679
52,000
39,500
54,400
29, 715
2,476
813, 245
67, 770
636,191
53, 016
718,147
59,846
675,113
56,259
828, 399
69, 033
183,508
194,698
113,835
180,300
1926
I 175,019
! 104,446
! 185,525
! 71,336
1927
1
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing the amount of foreign capital issues publicly offered in the
United States by American underwriters. Details by individual issues, classified by countries, are shown in the bureau's reports.
LUMBER, UNFILLED ORDERS, END OF MONTH
[Thousands of feet, board measure]
SOUTHERN
PINE 3
REDWOOD 2
WESTERN PINE i
MONTH
1920
1921
1923
1924
1925
1927
1926
1924
1925
1926
1927
1926
1927
January
February
March
April
229,318
183,540
202, 670
220,467
41,242
43, 867
52,859
46, 693
82, 841
84,390
105, 849
151,748
148, 780
143,814
137,318
141,367
144, 748
129,500
126,823
104,450
122,100
108,099
103,835
111, 490
93,914
94,880
97, 739
90,066
107, 638
107,339
122,280
107,138
45,949
45,370
44,038
35,912
47,052
43,200
43,647
42,373
50,464
57,700
61,795
57,863
67,440
60,007
69,897
72, 703
299,314
324,423
333, 729
311,099
May
June
July
August
194, 754
149,428
157,546
143,044
39,197
40,801
39, 551
35,560
172,886
138,849
117,218
122,462
113, 622
89,853
79,493
79,495
93. 766
84,115
115,698
117,356
107,262
106,488
123,146
108, 534
98,190
104,991
120,996
121, 741
105,612
97,509
95,635
96,917
34,188
32,438
30,451
35,329
37,034
37,288
40,468
39, 666
52,800
54,847
52,799
48,218
70,293
70,132
56,495
346, 510
314, 563
298,504
283,243
328, 561
84,558
61,710
45,227
42,845
45,687
60,631
60,973
74,380
105,382
111, 542
138,338
141,386
80,494
78,818
81,463
90,858
98,251
96,318
135,907
141,570
87,090
84,367
79,683
112,585
112,524
90,250
81,540
98,046
90,982
91,787
76,288
92,749
33,508
37,467
39,805
45,668
33,471
33,160
36,352
39,779
48,615
58,081
54,286
53,807
45,430
45,962
41, 518
336,713
314,952
262, 502
253,730
320,096
346,715
305,164
287,741
142,926
48,453
122,741
105,448
115,709
104, 557
100,406
99,323
38,344
39,458
55,030
60,165
* 302,881
312,763
September
October
November
December
Monthly average.
1
Compiled by the Western Pine Manufacturers Association, the actual figures being prorated to computed totals through percentages of normal production. The normal
monthly production covers 54 mills with output of 148,000,000 board feet in earlier years, gradually reduced to 42 mills with normal output of 136,800,000 feet in 1925, and
estimated to represent 70 per cent of the output of western pine territory through 1925 and thereafter 74 per cent, owing to the decrease in total number of mills in business
and 2increase of reporting mills to 49.
Compiled from data furnished by the California Redwood Association from reports of 14 mills estimated to represent 73 per cent of the redwood output and prorated
up to 100 per cent on this basis.
3 Compiled from data furnished by the Southern Pine Association, the actual figures being computed up to the totals for 192 mills with a normal production of 484,065,392
feet, the monthly average for the first four months of 1916, by the same percentage as used for new orders each month. Beginning with January, 1928, the figures are prorated on the proportion of the actual number of units reporting each month to the 264H units included in the compilation of 192 mills.
ELECTRIC POWER PRODUCTION IN CANADA (CENTRAL ELECTRIC STATIONS)»
[In thousands of kilowatt hours]
GENERATED BY WATER
POWER
TOTAL
I GENERATED BY
EXPORTS
FUEL
MONTH
January.-February
March.
April
May
June
July
August
September
October
November
December
Total
Monthly average.
1925
1926
783,030
717,455
804,512
795,389
951,450
870,530
952,276
902,045
816,084
786,875
795,971
784,620
822,814
900,180
966,397
9,892,209
824,351
1927
1925
1926
1,131,212
1,065, 850
1,150,008
1,109, 721
768,476
705,156
792,234
783, 776
856,485
939,537
891,041
960,939
971, 775
966,169
982,174
1,116,602
1,107,927
1,104,260
1,229,089
805,752
776,413
784, 775
773,045
949,946
959,913
952, 711
969, 469
1,008,176
1,100,413
1,112,063
1,145, 723
1,197,023
1,309,170
1,311,211
1,361,864
809, 507
902, 968
878,404
950, 228
992, 793
1, 085, 228
1,096, 629
1,127,185
11,923,733
993,644
14,193,037
1,182,753
>, 730, 734 11,756,971
810,895
979,748
1925
1926
17,313
15, 793
16,223
15,075
91,300
79,260
100,160
106,335
113,026
110,911
115,696
130,894
121,829
133,702
129, 709
10,993
11,862
13,458
12,705
13,768
13,201
14,572
15,558
106,354
107,192
109,630
111, 181
119,398
127,351
132,225
142,860
124,749
139,439
138,085
157,197
1,181,173 1 13,307
1,289,967 | 15,914
1,289,242 J 21, 776
1,339,206
16,169
15,383
15,185
15,434
18,538
15,850
19,203
21,969
22,658
116,542
126,143
114,443
117,002
146,678
144,160
128,041
127,568
154,047
142,991
129,415
130, 552
13,991, 754 161,475
1,165,980
13,456
166,762
13,897
201,183
16,765
1927
1925
1926
1927
1,113,899
1,050,057
1,133,785
1,094, 646
14,554
12,299
12, 278
11,613
15,416
14,045
12,739
11,004
1,101,834
1,094,726
1,089,688
1,213, 531
10,332
10,462
11,196
11, 575
1927
1,285,542 1,606,000 1,632,609
107,129
125,500
136,051
1
Compiled by the Department of Trade and Commerce, Dominion Bureau of Statistics, revising previous reports and covering all the large central electric stations in
Canada, which in 1925 produced 98 per cent of all stations in Canada. These data do not include the output of pulp and paper mills and other plants generating electricity
only for their own use.
23
COFFEE MOVEMENT1
[Thousands of bags]
1913
MONTH
1914
1915
1916
1917
j
1918
1919
1930
1921
1922
1924
1925
1926
i 1927
RECEIPTS IN BRAZIL
January
February
March.
April
May
June
July
August
September
October..
November
December
_
Total
--Monthly average
649
477
413
290
330
545
1,048
2,129
2,164
2,244
1,851
1,511
874
632
532
454
423
609
1,213
539
918
1,640
1,642
1,761
1,507
1,275
1,113
773
585
526
1,568
2,060
1,863
2,153
1,919
1,829
1,315
887
725
504
423
726
1,442
1,643
1,812
1,715
1,554
1,487
771
494
558
462
405
406
995
2,105
1,793
1,793
1,432
1,559
1,717
1,342
748
715
843
796
780
841
1,258
999
793
1,099
582
692
691
711
654
621
622
904
980
939
837
564
481
476
481
343
389
466
947
1,486
1,423
1,443
1,528
1,460
1,237
824
917
1,108
1,022
1,106
1,224
1,319
1,234
1,192
1,187
1,290
1,167
1,053
995
892
808
498
743
1,139
1,023
1,126
1,114
1,035
1,079
959
794
291
341
612
1,112
1,368
1,358
1,397
1,300
1,288
1,289
1,092
1,151
1,179
1,094
1,186
659
1,641
1,870
1,648
1,426
1,123
957
841
965
787
546
766
1,176
1,258
1,623
1,342
1,271
1,311
1,248
1,024
1,123
808
824
1,000
1,175
1,267
1,167
1,262
1,324
1,493
1,218
1,052
1,063
933
1,058
1,206
1,258
1,504
1,405
1,838
1,714
1,372
13,651
1,138
11,237
936
17,171
1,431
14,233
1,186
12,773
1,064
11,931
994
8,797
733
10,923
910
13,660
1,138
11,593
966
11,899
992
15,358
1,280
12,843
1,070
13,715
1,143
15,621
1,302
I
CLEARANCES FROM BRAZIL TO THE UNITED STATES
January
February
March
Airil
May
June
July
.August
September
October
November
December
-.
578
334
322
133
169
157
247
422
571
674
745
574
593
509
422
368
376
393
280
307
626
696
421
541
714
396
865
260
367
212
385
886
629
967
683
699
461
406
489
424
394
100
342
526
639
1,016
1,055
769
398
871
418
694
283
313
308
696
669
704
472
482
648
492
173
503
875
410
305
251
224
148
196
254
234
837
365
503
258
737
623
572
697
652
487
333
367
579
746
324
525
542
510
619
609
290
465
677
595
680
712
503
218
345
386
310
514
673
783
433
499
327
464
667
337
337
325
425
554
835
738
481
693
828
601
212
356
309
339
803
891
968
748
756
505
635
577
463
466
634
406
566
713
828
668
530
623
378
462
278
292
676
701
711
705
719
758
731
572
611
649
353
554
511
653
684
695
780
721
716
447
672
511
509
655
666
595
712
862
813
876
Total.
Monthly average
4,926
411
5,532
461
7,063
589
6,621
552
6,308
526
4,479
373
6,298
525
6,253
521
6,152
513
5,989
499
7,504
625
6,991
583
7,034
586
7,499
625
7,984
665
776
975
998
1, 218
1, 060
1, 145
952
1,259
968
1,159
1,072
703
754
732
1,041
1,083
1,521
1,175
959
1,226
1,187
1,155
679
679
717
773
1,543
1,665
1,812
1,371
1,288
1,134
1,297
1,016
728
940
1,039
997
1,455
1,419
1,731
1,214
926
1,048
757
772
679
618
1,242
1,247
1,495
1,445
1,591
1,303
1,216
1,053
1,077
1,105
818
915
904
1,229
1,305
1,263
1,394
1,301
1,194
1,241
947
1,223
942
935
1,169
1,235
1,312
1,334
1,583
1,510
1,441
12, 038
1, 003
12,426
1,035
14,095
1,175
13,896
1,158
13,413
1,118
13, 558
1,130
14,872
1,239
7,721
7,491
6,936
6,104
5,451
5,297
5,524
5,777
5,742
5,325
4,695
4,293
4,198
4,183
3,892
4,351
4,665
5,020
4,352
5,183
5,653
5,734
5,661
5,388
5,291
5,112
5,329
5,353
5,123
5,009
5,126
5,118
5,096
5,082
5,035
5,080
4,753
4,762
4,747
4,605
4,385
4,318
4,261
4,322
4,393
4,537
4,716
9,076
9,263
9,234
9,404
9,185
8,944
8,872
8,577
8,600
8,775
8,513
8,460
8,242
7,953
8,913
8,730
5,863
4,857
5,146
4,619
4,597
..
TOTAL CLEARANCES FROM BRAZIL
I
January
_
February
March
April
May
June
July
August
- --.
October.
November..
December
Total
M o n t h l y average.
1
. .1
. J
!
1
!
...J
.
1,374
812
561
385
415
504
659
1,292
1,589
2,074
1,835
1,665
! 13,165
i
1,097
1,
1,
OO 00 OS rf
00 CO © CS
COOOO t>
!
!
1
;
625
788
686
393
831
1, 265
1,
1, 308
1,671
1,461
1,663
1,326
861
506
720
1,500
1,267
2,143
1,836
1,789
1,107
1,023
1,321
895
1,117
422
864
954
1,152
1,365
1,552
1,168
725
1, 366
839
1, 053
591
536
482
933
1, 080
1, 235
728
798
829
578
450
766
1,063
811
632
471
383
376
390
538
918
1,600
1,522
1,219
836
1,132
1,040
807
798
1,105
1,039
602
11, 136
928
16, 743
1,395
12, 940
1,078
10, 366
864
7,287
607
12, 618
1,051
834
748
1, 296
883
739
841
723
1, 026
1, 286
1, 002
1 017
930
11, 325
944
993
1, 076
1, 154
964
WORLD VISIBLE SUPPLY (END OF MONTH)
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average
12,600
12,004
11,664
10,032
10,583
10, 285
10,466
11,433
12,173
13,710
13,189
13, 688
13,293
12,928
12, 633
10,125
10,004
9,646
8,975
8,228
7,523
8,533
9,519
9,862
10,463
10,431
10,312
8,514
7,855
7,328
7,908
8,730
9,779
10,619
11,111
11,277
11,819
11,370 j 9,468
9,280
12,110
11, 578
11,302
11,467
10,616
10,063
10,310
10,156
9,342
10,607
10, 312
9,882
9,289
8,157
7,794
7,987
!
6,472
9,069
8,484
7,881
10,671
7,158
7,100
7,695
7,658
7,337
6,958
7,272
6,910
7,034
7,773
8,297
8,379
8,716
9,002
3 7,318
7,941
8,902
8,992
8,842
8,663
8,720
8,639
9.034
9,032
8,920
4,464
4,387
4,491
4,560
4,739
4,663
4,601
4,564
4,701
4,622
4,917
5,060
5,041
UNITED STATES VISIBLE SUPPLY (END OF MONTH)
January
February
March
_
April
May
June
July
August..
September
October
November
December
_
Monthly average
2,289
2,369
2,363
2,245
2,018
1,848
1,621
1,452
1,389
1,316
1,396
1,709
1,559
1,682
1,684
1,717
1,657
1,654
1,686
1,354
1,385
1,493
1,541
1,505
1,486
1,723
1,759
1,966
1,816
1,818
1,599
1,543
1,554
1,753
1,741
1,965
2,052
1,901
1,802
2,080
2,107
2,021
1,872
1,765
1,894
1,908
2,270
2,525
2,473
2,498
2,948
2,883
2,701
2,586
2,549
2,549
2,608
2,756
2,520
2,262
2,288
2,490
2,098
1,837
1,810
2,002
2,239
1,899
1,897
1,477
1,221
955
1,054
900
1,398
1,225
974
879
1,009
1,136
1,347
1,411
1,656
1,571
1,332
1,396
1,504
1,792
1,494
1,699
1,823
1,936
2,026
2,025
1,696
1,619
1,647
1,901
2,046
2,058
2,037
1,747
1,711
1,685
1,306
1,175
1,298
1,616
1,387
1,453
1,195
1,039
1,146
1,086
1,124
904
940
838
957
958
819
1,090
1,208
1,033
826
860
798
716
944
944
884
712
670
571
652
634
657
760
873
966
739
772
803
611
714
652
888
695
537
713
804
859
716
583
789
888
684
798
743
694
583
647
691
832
912
899
888
978
1,014
903
765
806
743
788
634
825
547
634
686
768
1,835
1,576
1,727
2,016
2,611
1,851
1,213
1,695
1,686
1,086
903
726
736
779
759
1 Compiled by the New York Coffee and Sugar Exchange. Brazilian figures cover the ports of Rio, Santos, Bahia, Victoria, and Paranagua, thefiguresfor Victoria
being added in September, 1925 and for Paranagua in November, 1927, these two ports being of small importance in coffee movement prior to those dates. The world
visible supply consists of stocks in Europe, United States, Brazil, and afloat, all of which are shown separately in the Exchange's monthly report. From August, 1917,
through
June, 1919, nofigureson the world visible supply were compiled.
2
3 Seven months' average.
Six months' average.
24
TREND OF BUSINESS MOVEMENTS
The following table contains a summary of the monthly figures, designed to show the trend in important
industrial and commercial movements. These data represent continuations of the figures presented in the
latest semiannual number (February, 1928), in which monthly figures for 1926 and 1927 may be found, together
with explanations as to the sources and exact extent of the figures quoted. The figures given below should
always be read in connection with those explanations. Data on stocks, unfilled orders, etc., are given as of
the end of the month referred to. For explanations of relative numbers, including base periods, see introduction on inside front cover.
ERRATA IN FEBRUARY, 1928, ISSUE
Page 32.—Spindle activity, ratio to capacity, monthly average
for 1927, should read 104.9.
Page 33.—Note 2, last sentence, at bottom of page, should be
corrected to read, "The item on weeks sold ahead represents the excess of unfilled orders over stock, divided by
weekly production."
Page 60.—Men's dress welt, tan calf, St. Louis, monthly
average for 1927, should read 4.93.
1937
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
Page 56.—Rubber-proofed fabrics, total production for the
year 1927 should read March, 2,756; April, 2,800; May,
2,642; June, 2,776; July, 3,330; August, 4,077; September,
4,545; October, 4,634; and November, 3,791.
Page 127.—Interest rates on commerical paper, 4-6 months,
for the year 1927, should read February, 3.87; March 4.00;
April, 4.10; July, 4.07; August, 3.90; September, 3.87;
October, 3.97; November, 3.92; and December, 3.97.
1928
PER CENT INCREASE ( + ) OR
DECREASE ( - )
1927
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increcce
(+)
or de|| crease
cumulative
1928
from
1927
October
November
December
16, 578
9,033
7,545
15, 205
8,972
6,233
15,442
8,794
17,281
8,044
9,237
18,085
6,399
11, 686
19, 743
6,081
13,662
29, 693
6,577
23,116
-20.5
+26.5
+4.7
-39.1
-2.7
—49.4
49, 436
12, 658
36, 778
35,366
14,443
20,923
-28.5
+14.1
-43.1
21,053
24, 535
20,179
23,936
17,924
20,566
24, 759
28,353
21, 305
23, 646
27, 542
30,642
34,072
38,075
-14.0
-16.6
-37.5
-37.9
61,614
68, 717
46,064
51,999
-25.2
-24.3
49,122
46,322 |
41,691
45,087
48,324
46,389
45,938
+7.2
+5.2
92,327
93,411
+1.2
-3.2
-1.9
-1.5
0.0
-6.2
-17.7
January February January February
1937
TEXTILES
Wool
Receipts at Boston:
i,.. Total
thous. of lbs.
Domestic
thous. of lbs.
Foreign
_
thous. of lbs.
Imports:
In condition imported
thous. of lbs.
Grease equivalent
thous. of lbs.
Consumption by textile mills,
grease equivalent__
thous. of lbs.
Machinery activity, hourly:
LoomsWide
_per ct. of hours active.
Narrow
per ct. of hours active.
Carpet and rug
per ct. of hours active.
Sets of cards
per ct. of hours active.
Combs
per ct. of hours active.
Spinning spindles—
Woolen
.per ct. of hours active.
Worsteds
per ct. of hours active.
Prices:
Raw, territory, fine, scoured..dolls, per lb.
Raw, Ohio and Pa. fleeces,
}/i blood, combing, grease..dolls, per lb.
Worsted yarn
dolls, per lb.
Women's dress goods, French
serge, 39 in
dolls, per yd.
Suiting, 13-oz
dolls, per yd.
66
64
67
79
83
63
58
68
77
71
51
67
78
80
80
72
77
65
77
68
1.20
.47
1.40
1.00
1.913
+4.7
+4.0
+6.7
-1.3 +4.1
+3.0 -4.2
+2.6 +10.1
+4.0 +18.2
+4.9 +8.7
0
0
+0.9 +2.1
-10.1
1.40
.49
1.40
.50
1.43
.52
1.50
.44
1.38
.44
1.38
1.00
1.913
1.00
1.917
1.00
1.93.*
1.00
1.953
1.00
1.895
1.00
1.913
2,571
28,845
1,660
41,211
41,445
999, 501
625,680
767,314
543, 598
728,935
582, 417
7,521
1,551
5,969
7,363
1,707
5,656
6,721
1,707
5,014
5,982
1,669
4,313
8,011
1,852
6,159
7,314
6,074
7,501
6,041
7,163
5,470
6,702 i
5,020
.187
.186
.190
31,715
7,859
215
94.3
Cotton
Ginnings
thous. of bales.
2,837
Receipts in sight
_
thous. of bales.
19,235
Imports, unmanufactured
bales.
Exports, unmanufactured
h (including linters)
bales. 1,126,509
612,935
Consumption by textile mills
bales.
Stocks, domestic, end of month:
6,760
Total, mills and w'houses.-thous. of bales.
1,327
Mills
thous. of bales.
5,433
Warehouses
.thous. of bales.
Stocks, world visible, end of month:
6,479
Total
.thous. of bales.
5,297
American
thous. of bales.
Prices:
.210
To producer, all grades
dolls, per lb.
.211
In New York, middling
dolls, per lb
u
.200
.203
2 12, 755 !
1,575
633
56,939
38,200
» 17,454
1,212
39, 702
-29.5
-7.8
-47.8
-3.8
2,787
96,641
1,531
79,645
-45.1
-17.6
634, 890 1,115, 792 1,010, 507
573,810
603,242
589, 513
-12.9
-1.5
-37.2
-2.7
2,126,299
1,192, 755
1, 363, 825
1,156, 227
-35.9
-3.1
7,385
1,932
5,453
-11.0
-2.2
-14.0
-19.0
-13.6
-20.9
8,796
7,227
8,533
6,860
-6.4
-8.2
-21.5
-26.8
.170
.185
.106
.134
.115
.140
-8.6
-2.6
+47.8
+32.1
31, 698
8,259
227
101.5
31,687
7,969
220
101.2
32,636
8,554
229
102.0
32,873
8,239
222
106.5
0
-3.5
-3.1
-3.6
-3.3
21,160
12,880
40,115
18,934
13,444
38,287
18, 642
13, 611
38,457
.371
.522
.523
.360
.494
. 196 I
Cotton Yarn
Machinery activity of spindles:
Active spindles__
thousands..
Total activity
millions of h o u r s . .
Activity per spindle
hours..
Ratio to capacity
per c e n t Carded sales yarn:
Production.
thous. of l b s . .
Stocks, end of m o n t h
thous. of l b s . .
Unfilled orders, end of mo
thous. of l b s . .
Prices of yarns:
22/1 cones, Boston
dolls, per l b . .
40/ls, southern spinning
dolls, per l b . .
32,498
8,705
238
105.3
16,619
10,165
27,220
iTotal ginnings of crop grown in previous year.
.402
.546
8,680
238
107.2
17,162
11,580
.530
-5.0
-1.5
+1.2
+.4
.301
.460
.306
.464
-2.4
-5.5
+17.6
+6.5
25
TREND OF BUSINESS MOVEMENTS—Continued
1928
1927
PER CENT INCREASE ( + ) OR
DECREASE (—)
1937
The cumulatives shown are through February, Earlier data for items shown
here may he found on pages 24 to 138
of the February, 1928, "Survey**
November
December
January
February
331,854
257, Oil
432,447
225, 560
293,411
2.11
466, 529
321,621
292,535
340, 221
193,871
286,097
.59
472, 298
372,042
336,501
386,726
374,581
328,076
.67
468,823
297,669
367,223
313,893
194,114
266,947
300,323
382,142
284,817
256,328
285,404
401,676
4,425
42,836 i
5,081
45,919
5,565
41,117
6,472
34,963
13,549 I
12,822
11,949
16, 040
.087
.111
175
.083
.110
172
.105
168
.080
.098
166
85,490
77,296
50,175
39,094
73
5.4
77,239
69,073
44,671
41,350
61
4.4
77,885
69,836
43,287
41,059
59
3.9
64,943
57, 006
7,942
47,827
October
January February
Feb.,
1928,
from
Jan.,
1928
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1937
1928
Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927
TEXTILES—Continued
Cotton Goods
Cotton textiles:
Production...
thous. of y d s . .
Stocks, end of month
thous. of y d s . .
Unfilled orders, end month..thous. of yds_.
New orders__
thous. of yds_.
Shipments
thous. of y d s . .
Weeks sold ahead
numberFine cotton goods, production
pieces..
Cotton cloth:
Imports
thous. of sq. y d s . .
Exports
thous. of sq. yds._
Fabrics for tire manufacture:
Consumption.._
thous. of lbs_.
Prices:
Print cloth, 64 x 60
dolls, per y d . .
Sheeting, brown
__
dolls, per y d . .
Cotton goods (Fairchild),rel. to.1911-1913.-
232, 611
190,520
454,140
270,644
258, 303
4.53
423,976
+.9
+4.1
-9.3
+32.1
+6.9
+29.1
+100.6
-37.3
-5.3
+10.5
461,544
597,992
+29.6
647,455
518,258
450,442
552, 351
-30.4
429,095
228,933
216,212
441,799
376,811
259,955
3.94
441,484
+6.8
830, 771
-4.0
5,813
33,380
5,056
39,834
4,699
35,859
-10.2
-4.5
+1.2
+23.7
865,460
9,755
75, 693
12, 285
68, 343
+25.9
-9.7
14,358
13,609
.077
.095
163
.068
.080
143
.081
145
68,737
75, 665
44,673
40,751
62
4.7
78,786
79,184
49,035
75,510
88, 603
48,936
36,581
69
6.8
-5.7
159,064
180,005
97,904
147, 523
154,849
93, 708
-7.3
-14.0
-4.3
48, 574
49,826
64,015
74,326
5,899
46,947
7,541
43,357
7,405
52,420
6,657
50,679
8,208
48,307
5,437
42,860
-10.1
+22.4
+18.2
13,645
91,167
14, 062
103, 099
+3.1
+13.1
62,366
25,967
52,069
26,530
53,540
24, 282
47,528
a 26,700
41,677
27,567
52,627
24,872
43,758
22,120
-12.3
-4.8
+24.6
84.2
54.2
77.6
5.145
88.4
53.3
77.8
4.802
93.0
51.8
79.6
4.998
94.6
50.7
77.3
5.145
99.1
50.6
79.1
5.292
86.4
56.2
89.4
5.635
86.2
58.1
89.1
6.027
+4.8
+2.3
+2.9
+15.0
-12.9
-11.2
-12.2
1,386
1,146
700
852
-16.1
+34.5
1,552
2,512
+61.9
"1.50
1,397
1.45
1,074
1.45
3,681
3,175
7,301
3,640
3,412
7,567
3,701
1,871
1,730
2,156
1,962
+15.2
+13.4
2,336
-9.8
-6.9
+6.6
- 3 . 7 +11.6
- 3 . 1 +17.3
- 1 . 8 I +12.4
Cotton Finishing
White, dyed and printed (outside mills):
Billings, finished goods
thous. of y d s . .
New orders, gray yardage.—thous. of y d s . .
Shipments, finished goods
cases.
Stocks, finished goods, end mo
cases..
Operating activity
per ct. of capacity..
Unfilled orders, end of month
days..
Printed only (cotton mills and
outside):
Production
thous. of y d s . .
Stocks, end of m o n t h
thous. of yds
5.2
83, 554
91,402
34,971
82
7.0
+14.6
+4.7 - 1 3 . 4
+.1
+9.8
-5.0 +10.7
+11.3 - 1 5 . 9
+10.6 - 2 5 . 7
+28.5
Silk
Imports, raw
thous. of l b s . .
Deliveries (consumption) __
bales..
Stocks, end of month:
At warehouses
bales..
At manufacturing plants
bales..
Silk machinery activity:
Broad looms.
per cent of n o r m a l . .
Narrow looms
per cent of normal _.
Spinning spindles
per cent of n o r m a l . .
Price, Japanese, 13-15, New York.dolls. per lb__
+3.2
-.2
Rayon
Imports..
._
thous. of l b s . .
Stocks in bonded warehouses,
end of m o n t h .
thous. of l b s . ,
Price, 150 denier, A grade, N . Y_.dolls, per lb.-j
1,285
1,764
1,366
l, 674
l. so
i. 50
2,549
1.50
2,915
1.50
pairs..
pairs..
pairs..
pairs..
pairs..
4,151
4,294
7,965
4,246
6,481
3 863
3,927
7,568
3,838
6,167
3,386
3,646
7,640
3,183
5,395
3,578
3,033
7,983
3,109
5,380
garments..
garments..]
garments..
garments..
1,181
1,359
1,322
1,147
1,181
l, 230
l, 073
l 046
973
959
1,100
924
1,022
917
1,202
1,309
1,134
1,045
1,218
1,027
912
819
1,157
1,357
959
911
1,213
1,232
+11.0
+14.0
+1.3
-21.5
+18.2
+14.7
+0.4
-16.6
of dozen g a r m e n t s . .
2,185
1,967
1,925
»2,313
2,275
2,091
2,408
-1.6
-5.5
37,396
16,705
29,569
25,089
44,451
23,862
48,922
39,268
66,102
28,493
49, 797
29,892
47,320
20, 751
+35.1
-27.4
+39.7
+37.3
97,117
50,643
115,024
67,761
+18.4
+33.8
thous. of l b s . .
thous. of linear yards.
3,042
2,649
3,502
2,785
4,068
3,051
4,752
3,654
3,206
2,168
3,398
2,431
8,820
6,705
+33.6
+45.8
2,426
2,979
3,588
4,715
2,486
3,410
+16.8 +39.8
+19.8 +50.3
+31.4 +38.3
6,604
4,599
thous. of linear y a r d s . .
3,092
2 382
'
2,678
8,843
8,115
8,713
7,081
13,400
20,239
53.9
9,604 '
52.3
9,646
45.1
9,662
48.8
10,902
44.4
10,300
48.3
10,134
+3.4
Hosiery
Production
thous. of dozen
Net s h i p m e n t s - .
thous. of dozen
Stocks, end of m o n t h . . . . t h o u s . of dozen
New orders
thous. of dozen
Unfilled orders,end of mo.thous. of dozen
5,513
K n i t Underwear
Production
thous.
Net shipments
-thous.
Stocks, end of m o . . .thous.
New orders. _
thous.
Unfilled orders, end
of month
..thous.
of
of
of
of
dozen
dozen
dozen
dozen
Burlaps and Fibers g*
Imports:
Burlaps
Fibers (unmanufactured)
P
thous. of l b s . .
long t o n s . .
Pyroxylin Coated Textiles
Pyroxylin spread
Shipments billed
Unfilled orders, end
of month
Fur
Sales b y dealers
thous. of dolls..
Buttons
Fresh-water pearl buttons:
Production:
Stocks, end of month
• Revised.
ratio to capacity..
thous. of gross..
51.1
10,748
+4.7
-1.4
+5.8
+6.1
26
TREND OF BUSINESS MOVEMENTS—Continued
1937
The cumulative* shown are through February.
Earlier^ data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey**
October
November
1927
1928
December
PER CENT INCREASE ( + ) OR
DECREASE ( - )
January February January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
1928
Per ct.
increase
I, (+)
or decrease
(-)
cumulative
1928
from
1927
IRON AND S T E E L
Iron
Manganese ore, imports
thous. of long tons..
Iron ore:
Imports
thous. of long t o n s . .
Consumption
thous. of long tons..
Stocks, end of m o n t h Total
thous. of long tons.At furnaces
thous. of long tons..
On Lake Erie docks.thous.of long tons..
Pig-iron production:
Total, United States..-thous. of long tons..
Merchant furnaces
thous. of long tons..
Canada
...thous. of long tons..
Furnaces in blast, end of month:
Furnaces
number..
Capacity.._
.long tons per d a y . .
Per cent of total.
per cent..
Ohio gray-iron foundries:
MeltingsActual
long t o n s . .
Normal
long t o n s . .
Ratio to normal
per cent of normal...
Stocks, end of month...per cent of normal..
Receipts
per cent of normal..
Malleable castings:
Production
short tons._
Operating activity
per ct. of capacityShipments
short t o n s . .
New orders
short tons—
Wholesale prices:
Foundry, No. 2,
northern
dolls, per long t o n . .
Basic (valley furnace).-dolls, per long t o n . .
Composite pig iron
dolls, per long t o n . .
15
27
32
228
4,024
132
3,992
251
4,303
230
4,395
42,164
34,952
7,212
200
3,814
41,472
34,528
6,944
37,682
30,978
6,604
33,350
27,062
6,288
29,003
23,015
5,988
33,971
27,279
2,784
707
2,648
710
2,696
708
63
2,870
715
65
2,900
625
65
3,104
760
52
2,941
684
51
18
16
4,524
24 +100.0
40
27
-32. 5
-8.4
+2.1
426
8,758
481
+12.9
-.7
6,045
1,444
103
5,770
1,340
130
-4.5
-7.2
+26.2
193
4,234
23,746
6,063
-25.0
+19.2
+3.8
-13.0
-a 7
-15,0
-3.1
-4.8
-1.2
+1.0
-1.4
-12.6
-8.6
0.
+27.5
+1.1 -13.8
-5.7
+3.5
172
88,300
47.6
170
87,700
47.4
169
86,835
47.3
185
96,640
52.9
187
100,060
53.6
208
100, 635
57.0
217
106,135
59.5
14,207
18,389
77.2
88
60
15,647
19, 553
80.0
104
74
10,994
15,342
71.6
105
58
13,977
16,097
86.8
129
15,270
15,245
100.0
135
105
13,613
18,934
71.3
91
62
13,101
15,478
84.6
105
74
-5.3
+15.2
+4.7
+19.3
+9.3 +16.6
-1.5
+18.2
+28.6
+41.9
26,714
34,412
29,247
31, 342
+9.5
43,074
45.0
38,433
37,477
38,210
40.4
35, 735
32, 925
44, 781
47.3
40,269
45,920
50,096
41.9
44,458
49,251
54,031
62.3
49,253
51,414
47,454
47.7
44,717
46,872
+7.9
+48.7
+10.8
+4.4
-8.2
+3.3
-2.0
-5.2
106,336
104,127
60.3
50,264
54,237
-2.1
101,109
93,711
100,665
-1.3
-.4
19.26
17.00
18.79
19.21
17.00
18.42
19.01
17.00
18.37
19.01
17.00
18.37
19.01
17.00
18.45
20.26
18.00
20.16
20.26
18.00
19.73
+.4
0
0
-6.2
-5.6
-6.5
19,865
25,734
25,917
104, 301
14,437
19,972
17, 740
99,284
10,023
13,185
11,346
95,453
9,037
11,009
11,511
79,400
17,164
12, 692
10,604
82, 765
20,202
16,130
15,276
24,758
31,156
30,400
110,647
22, 575
29,156
24,812
101, 990
18, 265
21,637
16, 781
97, 619
24, 743
19, 292
18,230
120, 522
20,658
13,105
10,896
81,849
21,331
13, 527
12,473
89,855
14,088
18,156
19, 683
11, 251
17,540
16,154
11, 539
13,193
11, 772
12, 581
10, 661
9,990
14,226
9,534
9,240
14,842
9,770
7,393
55,030
49,302
53, 793
48, 714
34,464
40,452
7,542
7,976
+5.8
115
183
+59.1
+1.3
-8.9
Cast-iron Boilers a n d Radiators
Round boilers:
Production
thous. of l b s . .
Shipments
thous. of l b s . .
New orders
..thous. of l b s . .
Stocks, end of month
thous. of l b s . .
Square boilers:
Production
_
thous. of l b s . .
Shipments..
_
thous. of l b s . .
New orders
thous. of lbs_.
Stocks, end of month
thous. of l b s . .
Radiators:
Production..thous. sq. ft. heating surface..
Shipments..-thous. sq. ft. heating surface..
New orders..thous. sq. ft. heating surface..
Stocks, end of
month
thous. sq. ft. heating surface..
Crude Steel
Steel ingots, production:
3,289
3,102
3,760
3,782
3,150
3 3,961
4,015
+1.4
United States, total.—thous. of long t o n s . .
79
69
65
83
87
66
3 86 +4.8
Ratio to capacity
per cent..
59
84
99
56
81
96
56 +17.9
Canada
thous. of long tons..
U. S. Steel Corporation,
unfilled orders, end of
3,800
3,341
4,276
3,973
3,597
month
thous. of long tons..
3,455
+2.9
Steel castings:*
Production87,086
62,409
88,915 +16.9
58, 997 3 58,332 3 74,079
86, 626
Total
...short tons..
60
43
40
51
62 +17.6
41
60
Ratio to capacity
per cent..
34,037
21,947
28,714
19,146
19,358
35,322 +3L4
37,719
Railroad specialties
short tons..
53,049
40,462
39,851 3 38,974 3 45,365
53, 593 +7.8
48,907
Miscellaneous
_
short t o n s New o r d e r s 107,779
-1.1
3 77,062 3 91,069
90,059
94,683
51, 748
Total
_
short tons..
75
-1.6
36
53
363
62
66
43
Ratio to capacity
.per cent_.
53,461
-.4
16, 625
27,639
39,112
41,276
41,096
41,355
Railroad specialties
short tons..
54,318
-1.7
35,044 3 37,950 3 49, 793 48,963
35,123
53,328
Miscellaneous
short tons..
Sheets, black, blue, galvanized, and
full finished:
Production256,856 282,171
+4.4
Total
net tons.. 245, 765 232,041 260,130 316, 541 330,565
83.5
97.4 +10.2
75.9
98.7
71.7
65.9
Ratio to capacity
.per cent..
Stocks, end of month—
-.3
161,661 157,614
Total
. . . n e t tons.. 145,980 145, 644 150,104 170,453 169,918
-6.6
55,594
44,974
47,168
52,474
59,508
52,966
50, 518
Unsold
net tons..
+8.9
239,019 261,412
Shipments
net tons.. 232, 626 224,789 221,689 274,126 298,420
261,357 241,951 -12.1
New orders
net t o n s . . 234,358 344, 519 530,197 302,921 266,210
-3.9
526, 550 513,002
437,306 745,393 694,197 667,054
Unfilled orders, end of month
net tons..
Steel barrels:
529,137 504,134
+9.0
Production
_ .barrels.. 578,408 500,909 444,227 475,906 518,944
48.1
46.2
+5.7
46.2
40.6
43.7
51.6
Ratio to capacity
per cent..
45.6
525,518 503,183
+8.5
Shipments
barrels.. 572,893 497,345 454,638 474,159 514,362
51,409
+8.4
58,935
52,606
52,360
59,453
54,353
Stocks, end of month
barrels..
63,017
1,
788,194
+4.9
1,417,627
1,308,365
1,000,
559
1,351,
797
1,663,772
Unfilled orders, end of month
barrels..
845, 789
12,969
9,139
9,914
13,678 +21.8
Track work, production.
short tons..
9,706
9,332 I 11,371
*See table on p . 20 of the March, 1928, issue for earlier
3 Revised.
+6.2
+1.2
+76.8
+22.3
176,001
160,705 !
-8.7
-8.7
-4.9
-6.1
- .6
-8.2
69,359
106, 642
66,433
94,272
202,462
181,128
-4.2
-11.6
-10.5
94,816
107,646
82,372
98, 756
-13.1
-8.3
+17.2
+1.3
539,027
647,106
+20.1
+7.8
+17.9
+14.2
+10.0
+30.0
500,431
503,308
572,546
569,131
+14.4
+13.1
1,033,271
994,850
-3.7
1,028,701
988, 521
-3.9
20,703
-22.~3
-2.6
-3.2
+6.8
+2.9
0
+2.2
+12.6
-14.8
-16.9
data.
26,647 |
27
TREND OF BUSINESS MOVEMENTS—Continued
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
o the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
1927
October
November
December
216
199
186
174
166
183
157
219
236
169
208
165
253
33.00
35.75
1.80
2.48
33.00
35.39
1.75
2.47
33.00
35.10
1.80
2.46
33.00
35.27
1.80
2.47
33.00
35.57
1.85
2.52
35.00
37.76
2.00
2.62
33.00
37.01
1.95
2.56
270,000
72
232, 500
62
195,000
52
195,000
52
49,588
62
25, 532
40,354
January February January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increase
<+>
or decrease
(-)
1937
192S
cumulative
1928
from
1927
IRON AND STEEL—Continued
Crude Steel—Continued
Iron, steel, and heavy hardware:
Sales
rel. to Jan., 1921..
Lock washers, shipments
thous. of dolls..
Wholesale prices:
Steel billets, Bessemer._dolls. per long ton..
Iron and steel
dolls, per long ton._
Structural steel beams...dolls, per 100 lbs..
Composite finished steel-dolls, per 100 lbs..
+7.8
-6.7
0
+.9
+2.8
+2.0
0
-3.9
-5.1
-1.6
243, 750
65
202, 500
54
+28.6
+28.6
+10.7
+10.7
+10.8
+10.8
+14.8
+14.8
35,854
45
14,342
34,887
59,643
74
32,983
39,408
+38.6
+37.8
+130. 0
-10.3
967
1,151
1,021
1,179
1,101
1,390
2,909
3,296
2,389
2,731
2,887
1,728
2,686
2,771
1,804
682
741
743
556
576
623
185,915
36,861
455
-1.3
Fabricated Steel Products
Structural steel, fabricated:*
New orders (prorated)
short tons.. 288, 750 3 236, 250 3 262, 500 3 210,000
63
3 70
77
3 56
Ratio to capacity
per cent..
247, 500
240,000
210, 000
Shipments (prorated)
short tons.. 251,250
64
67
56
Ratio to capacity
per cent..
Steel plate, fabricated, new orders:
27,341
47,090
3 35,658
3 35,787
Total
short tons..
44
58
34
3 45
Ratio to capacity
...per cent..
18,648
8,920
13,367
» 11,101
Oil-storage tanks
short tons..
27,026
28,497
45,010
27,656
Steel bars, cold finished, shipments*
tons..
Steel boilers, new orders:
1,054
1,270
1,235
1,029
Total
number
1,125
930
906
Area
thous. of sq. ft_.
859
Steel furniture:
Business group—
2,380
2,741
2,856
2,713
Shipments..
thous. of dolls
2,411
2,850
2,476
3,248
New orders
thous. of dolls
1,574
1,414
1,577
2,000
Unfilled orders, end mo.thous. of dolls..
Shelving619
591
578
680
Shipments
thous. of dolls. _
575
551
619
769
New orders
thous. of dolls..
651
606
680
666
Unfilled orders, end mo.thous. of dolls..
Iron and steel:
Exports
long tons.. 170,255 177, 928 168,428 205, 766
39, 516
51,185
Imports.
_
long tons..
55,070
49,903
438, 750
480,000
~397~5()6'
442, 500
+9.4
+11.3
-16.9
-16.2
-22.6
+2.4
95,497
85,375
-10.6
47, 325
74,295
-6.0
+34.0
-12.2
-17.2
2,122
2,569
36,633
85,364
1,996
2,010
5,621
6,544
+3.8
+15.7
1,164
1,234
1,362
1,510
+17.0
+22.4
215,235
42, 219
166,128
31,908
-26.1
+8.3
+18.9
+32.4
+12.2
+12.6
+10.1
+11.9
+15.5
5,417
5,658
675
+7.2
+1.5
+19.5
+.3
-3.6
+9.3
381,363
74,127
391, 681
86, 764
+2.7
+17.0
67, 214
55,319
1,273
4,886
74, 563
62, 510
1,437
4,975
+8.7
+9.2
+10.1
141,777
117,829
2,710
9,861
143,670
118,672
2,664
12,822
+1.3
-2.9
+22.1
45,283
46,921
695
+10.8
+129.9
92, 204
1,303
1,634
1,112
3,500
1,390
3 1,487
3,384
+.3
+.4
+18.4 - 3 . 2
+3.4 -20.8
+4.8 - 3 . 7
3,024
2,599
2,483
2,315
-17.9
-10.9
103.7
105.6
93.5
136.9
140.4 +47.8
133.5 +38.0
176.2 +100.5
138.6
+5.4
+22.1
+21.1
+25.1
180.4
198.0
-4.7
-5.0
-37.6
40,467
105
41,400
174
81,867
160
70,215
-8.0
-14.2
123
138
248
143
155
234
-19.0
+5.4
+40.6
+12.9
+41.0
1,381
1,230
14
985
1,726
1,401
134,006
139,522
148,381
127,459
+15.3 +48.3
+7.2 +16.2
+24.7 +31.0
531
282,387
266,981
745
333,324
300,762
+40.3
+18.0
+12.7
704
888
3,971
694
3,352
+37.7 -36.3
+45.0 -25.2
+1.6 -47.4
1,638
1,582
1,027
877
-37.3
-44.6
11 +200.0 +36. 4
120 -11.2 -27.5
7 +100.0 +157.1
17
187
24
-22.6
+14.9
-5.9
-21.8
Machinery
Washing machines, shipments:
86,922
79,422
Total
number..
69,945
68,840
74,830
64,082
Electric
number. _ 71, 570
56,999
56,728
61,944
1,414
1,743
1,106
1,268
Water softeners, domestic, shipments units. _
1,396
8,365
7,079
5,980
Water systems, shipments
.units
«6,746
6,076
Pumps:
Domestic shipments—
40,443
36,130
38,148 3 51,822
" Pitcher, hand, etc.
.units
51,999
1,370
1,461
Power, horizontal type
units
• 1, 591
1,598
1,758
Steam, power, and centrifugal1,300
1,403
1,300
New orders
thous. of dolls..
1,137
1,346
1,294
1,303
1,255
Shipments
thous. of dolls. _
1,138
1,177
3,092
2,950
3,125
3,112
Unfilled orders, end mo.thous. of dolls. _
3,260
Agricultural machinery and equipment:
ShipmentsTotal
rel. to 1923-25122.6
90.7
87.3
171.4
U16.0
112.0
80.0
82.4
Domestic
rel. to 1923-25..
•117.2
161.7
8
178.0
125.6
133.8
Foreign
,
rel. to 1923-25..
109. 9
220.4
3
123.5
121.1
136.0
Production
rel. to 1923-25..
130. 7
137.7
Foundry equipment:
98.0
95.8
106.8
129.7
123.6
New orders
rel. to 1922-24..
113.4
110.4
97.2
116.4
110.6
Shipments
rel. to 1922-24..
Unfilled orders, end of
106.3
105.8
103.5
120.6
132.9
month
rel. to 1922-24..
Stokers, mechanical:
67
95
75
85
Sales (new orders)
number..
27,222
16,955
32, 202
26,572
43,643
Sales (new orders)
horsepower..
Machine tools:
134
169
133
218
201
New orders
rel. to 1922-24..
149
157
152
149
175
Shipments
rel. to 1922-24..
214
192
330
231
293
Unfilled orders, end of mo..rel. to 1922-24..
Woodworking machinery:!
1,144
1,075
1,305
1,145
New orders
thous. of dolls..
1,124
1,152
1,172
1,130
Shipments
thous. of dolls..
12
23
19
23
Cancellations
thous. of dolls..
854
881
872
920
Machines shipped
number..
997
1,470
1,456
975
Unfilled orders, end of mo—thous. of dolls..
Electric hoists:
New o r d e r s 223
270
346
272
399
Quantity
number..
102,238
122,663
160,852
172,472
Value
dollars.. 114,835
139,066
102,206
133,842
166,920
Shipments
dollars.. 121,445
Electric overhead cranes:
764
637
Shipments
thous. of dolls..
762
432
595
525
New orders
thous. of dolls..
566
586
358
519
Unfilled orders, end mo
thous. of dolls..
2,117
1,792
1,735
1,763
1,975
Electric industrial trucks and tractors:
Shipments, domesticTractors
number of vehicles..
All other types
number of vehicles..
Exports
number of vehicles..
a Revised.
*See tables on p. 21 of the March, 1928, issue for earlier data.
t See p. 41 of Part II, Metal,0 and Machinery, of the Record Book of Business Statistics.
+10.2
+13.3
+64.2
-7.8
+17.4
+12.6
+.4
+.7
-1.7
+30.0
103,821 +12. &
3,189 +144. 7
928
1,814
20 I +17.6
185 I - 1 . 1
27 !I +12. 5
28
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through February.
Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
1938
October
November
December
48,472
111
43, 723
114
47,870
PER CENT INCREASE ( + ) OR
DECREASE (—)
1937
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Feb.,
1928,
from
Feb.,
1927
1937
1938
+29.6
-5.7
0.0
-13.9
185
94,656
163
83,885
-10.5
-28.9
+19.6
-.4
-33.3
+10.9
6,177
90
119
6,640
77
112
+2.3
-2.6
145,400
169, 784
135,892
159,324
+1.8
+9.4
255,783
276,207
144, 063
81,063
247,571
285,947
138,613
95,187
January February January February
IRON AND STEEL—Continued
Machinery—Continued
Fire-extinguishing equipment, shipments:
Motor vehicles
number.
Hand types
number.
Patents issued:
Total, all classes
numberAgricultural implements
number.
Internal-combustion engines
number.
3,185
57
73
40,710
47,354
47,302
3,504
45
51
3,136
32
61
3,029
42
64
3,148
48
55
68,469
77,429
67,423
81,895
76,198
89,719
69,202
80, 065
-1.5
+5.8
128,923
148,961
60,862
51,322
122,723
140, 546
64,824
52,095
124,848
145,401
73, 789
43,092
133,110
143,337
76,499
43,879
122, 673
132,870
67, 563
37,184
+1.7
+3.5
+13.8
-17.3
+15.9
90,874
250,014
.1332
95,298
248,420
.1377
96,476
237,961
.1385
86, 932
247, 739
.1382
276,316
.1299
105,401
272, 757
.1268
-9.9
+4.1
-.2
-17.5
-9.2
+9.0
104. 71
104. 33
99.44
98.59
98.40
105. 91
105.16
-.2
+6.4
432
446
1,187
476
332
464
470
1,161
442
292
492
404
1,213
381
316
449
425
1,189
414
315
435
453
1,150
399
297
501
424
1,149
468
415
1,143
+9.2
+.6
275
-3.1
+6.6
-3.3
-3.6
-5.7
412
366
413
441
412
341
345
-6.6
+19.4
4,232
61
60
3,170
42
33
83, 551
68,080
79,878
67,822
85,862
124,927
145,278
68,619
41,317
118,269
141, 975
59,264
41,129
83,882
246,354
.1296
NONFERROUS METALS
Copper
Production:
Mines
short tons.
Smelter
short tons.
Refined (North and South
America)
short tons.
World production, blister
short tons.
Domestic shipments, refined
short tons.
Exports
short tons.
Stocks (North and South America), end mo.:
Refined
short tons.
Blister
short tons.
Wholesale price, electrolytic
dolls, per l b .
71
43,175
8
+9.2
Copper Products
Plumbing fixtures:
Wholesale price, 6 pieces
dollars..
Wire cloth:
Production
thous. of sq. ft..
Shipments
thous. of sq. ft..
Stocks, end of month.
thous. of sq. ft..
New orders
thous. of sq. ft..
Unfilled orders, end of mo..thous. of sq. ft..
Make and hold orders, end
of mo
thous. ofsq. ft.
-7.1
884
878
813
+8.0
Tin
Deliveries (consumption)
Stocks, end of month:
World visible supply
United States
Imports
Price, pig, New York
long tons.
6,006
5,665
4,535
5,415
5,790
6,295
5,965
+6.9
-2.9
12,260
11,205
long tons.
long tons.
.long tons.
dolls, per l b .
14,684
3,158
7,179
5,756
14,594
2,003
4,876
.5709
15,733
1,573
3,958
.5805
15,244
3
2, 518
5,727
.5518
17,645
1,998
5,992
.5179
15,342
3,304
7,966
.6479
14,221
2,484
4,704
.6653
+15.8
-20.7
+4.6
-6.1
+24.1
-19.6
+27.4
-22.2
12,670
11,719
Retorts in operation, end of month...number.
Production...
short tons..
Stocks, end of month
..short tons..
Ore, Joplin district:
Shipments
short tons..
Stocks, mines, end of month
short tons..
Price, slab, prime western
dolls, per lb..
76,067
50,185
36,223
76,627
49, 217
39,320
77,084
52,347
40,751
72,204
52,414
42,163
72,444
50,042
41,317
85,836
51,341
32,938
+.3
56,898
29,912
-4.5
-2.0
-15.6
-2.5
+25.4
108,239
102,456
54, 586
43,147
.0572
37,612
49,905
.0564
47, 217
52,398
.0555
69,835
25, 515
.0666
46, 603
29,202
.0667
+25.5
+5.0
-1.6
+1.3
+79.4
-16.8
116,438
84,829
39,296
.0575
56,134
57, 703
56,812
54,820
55,768
59,383
54,151
+1.7
+3.0
113,534
110,588
7,864
66,157
53,017
155,868
.0667
8,207
70,752
57,035
155, 568
.0626
13,079
83,003
57,027
156,280
.0650
7,463
6,665
75,855
72,264
55,970
157,417 i.
.0650 ! .0633
10,812
64,768
56,345
134,682
.0758
7,448
61,305
51,722
139,824
.0742
-10.7
-4.7
-10.5
+17.9
18,260
126,073
14,128
148,119
-2.6
-14.7
85,163
137,830
82,762
33,154
72,424
146,113
69,356
28,993
55,974
157,868
66,504
33,160
70,633
156,020
78,494
36,473
75,663
165, 514
83,479
43,321
83,117
182,363
+7.1
+6.1
+6.4
+18.8
-8.6
-12.5
165,927
146,296
+4.6
+.5
166,612
161,973
47,343
82,810
189,108
79,810
43,104
98,731
188,202
95,032
77,862
193,811
76,055
66,913
204,744
78,292
86,946
201,891
94,242
87,383
217,715
97,407
102,986
256,114
106,720
+.5
+7.8
+3.4
-1.6
-18.6
+13.4
191,818
174,329
267,550
85,880
192,600
191,649
198,791
123,865
199,141
199,133
_
Zinc
Lead
Production
short tons..
Ore shipments:
Joplin district
short tons..
Utah
short tons..
Receipts in U. S. o r e . . .
short tons.
Stocks, U. S. and Mexico, end mo ...short tons.
Price, pig, desilverized, N . Y
dolls, per lb.
76,430
29,776
Enameled Ware
Baths:
Shipments
pieces..
Stocks, end of month
pieces..
New orders
__
pieces..
Unfilled orders, end of month.
pieces..
Lavatories:
Shipments
pieces.
Stocks, end of month
pieces.
New orders
pieces.
Sinks:
Shipments
pieces.
Stocks, end of month
pieces.
New orders
..pieces.
Miscellaneous sanitary ware:
Shipments
pieces..
Stocks, end of month
pieces..
New orders
pieces..
Small ware (all except baths):
,fc &< . itt$
Unfilled orders, end of month
..pieces.
Enameled sheet-metal ware:
Shipments
dozen pieces..
3 Revised.
113,717
213,006
106,438
83,780
223,265
84,031
73,450
233,091
86,879
93,739
232,325
97,336
90,126
260,971
101,797
99,178
296,158
104,926
99,613
311,786
94,215
+12.3
+4.6
-9.5
—16.3
+8.0
44,998
133,612
45,972
40,441
131,329
138,279
34,675
140,597
38,814
42,043
133,366
40,353
42,601
136,524
44,945
40,465
130,881
44,262
45,630
139,952
43,349
+1.3
+2.4
+11.4
+3.7
124,840
117,617
118,617
+25.0
+5.2
350, 748
372,452
97,538
95,330
104,774
99,903
322,081
287,115
307,280
319, 218
-6.6
—2.4
86,095
84,644
~~87,~6n~
"857298"
j Per ct.
i
29
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulative*
shown are through February,
Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
1928
PER CENT INCREASE ( + ) OR
DECREASE (—)
1937
Novem- DecemOctober
January February January February
ber
ber
Feb.,
1928,
from
Jan.,
1928
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
in-
(+)
or decrease
(-)
Feb.,
1928,
from
Feb.,
1927
1937
-18.0
-3.7
-21.5
10,892
2,286
8,606
9,399
1,921
7,478
-13.7
-16.0
-13.1
-6.0
882,078
304,451
530,110
47, 517
763,843
296,468
416,539
50, 836
-2.6
-21.4
543,690
463,821
555,015
496,373
58, 642
-26.6
1938
cumulative
1928
from
1927
NONFERROUS METALS-Continued
Other Metal Products
Babbitt metal, consumption:
4,466
4,929
4,506
Total apparent
thous. of lbs..
5,115
1,186
1,296
894
Direct by producers
thous. of lbs..
1,255
3,320
3,170
4,034
Sale to consumers
thous. of lbs..
3,860
Band instruments, shipments:
Total
dollars.. 594,020 603,944 589,967 318,106
Cup mouthpieces
dollars..! 234,399 216,128 223,946 126,852
Saxaphones
dollars..! 325,587 352,960 340, 266 169,050
22,204
25, 755
34,856
Wood wind
dollars..| 34,034
Electrical E q u i p m e n t
i
Motors:
New orders
dollars.. 740,366 626,092 864,562 569,883
Billings (shipments)
_
dollars.. 834,479 630,628 815,830 638, 562
Outlet boxes and covers, shipments
pieces.. 2,577,732 2, 728,841 1,947,433 2,139,038
Vulcanized fiber:
Shipments, total
thous. of dolls..
748
667
596
Consumption
thous. of l b s . .
2,030
1,929
2,231
Nonmetallic conduits, shipments._thous. of ft..
9,614
9,017
6,735
8,085
Delinquent accounts, electrical trade:
Amount
dollars.. 156,606
148, 358 197,462 184, 500
Delinquent
firms
.number..
1,365
1,361
1,381
1,286
AUTOMOBILES
Production:
United StatesTotal
number of cars.
Passenger cars
number of cars.
Trucks.
number of cars.
Canada—
Total...
number of cars.
Passenger cars*
number of cars.
Trucks.number of cars.
Exports (assembled):
From United StatesTotal
_
number of cars.
Passenger cars
.number of car's.
Trucks...
number of cars.
From CanadaTotal
number of cars.
Passenger cars
number of cars.
Trucks..
number of cars.
Foreign assemblies
_.number of cars_
Sales, passenger cars and motor
cycles..
thous. of dolls.
Shipments (General Motors Co.):
To dealers
number of cars.
To users
number of cars.
Accessories and parts:
Shipments—
Original equipment_.rel. to Jan., 1925.
Replacement parts., .rel. to Jan., 1925.
Accessories
rel. to Jan., 1925>
Service parts
rel. to Jan., 1925.
Exports.
_
thous. of dolls.
Rim production.
thous. of rims.
5,440
1,220
4,220
445,737
169,616
247,489
28, 632
407,776
143,893
240, 763
23,120
-9.3
+14.9
-14.6
474,302 +40.1
160,558 +33.7
289, 347 +46.4
24,397 +28.9
5,452
1,066
4,386
+5.6
-14.5
+17.4
+7.0
692,583 731,426
766,011 671,208
2,258,668 2,055,172
795
2,939
10,488
732
2,371
8,464
184,688
1,407
180,048
1,397
206,283
1,505
+.1 -10.5
+3.4 -6.5
+39.6 +6.1
+41.5 +10.1
+24.6 -19.8
+2.1
+7.0
219,712
183,042
36,670
134,411
109, 758
24, 653
133, 551
106,079
27,472
231,647
205,543
26,104
323, 368
290,830
32, 538
238,927
199,650
39, 277
304, 763
264,171
40, 592
7,791
6,236
1,555
6,617
5,173
1,444
3,435
2,277
1,158
8.463
6,705
1,758
12,504
10,315
2,189
15,376
11,745
3,631
18,655
14,826
+47.7
+53.8
+24.5
-33.0
-30.4
-42.8
34,031
26, 571
7,460
20,967
17,020
3,947
-38.4
-35.9
-47.1
27, 718
19,366
8,352
31,405
21, 396
10,009
23, 609
16,473
7,136
32, 060
20,476
11,584
33,952
25,114
29,835
22,122
7,713
31.524
21,355
10,169
+5.9 +7.7
+22.7 +17.6
-23.7
-13.1
61, 359
43,477
17,882
66,012
45,590
20,422
+7.6
+4.9
+14.2
3,507
2,380
1,127
12,988
3,876
2,403
1,473
12,481
2,193
1,857
336
12, 518
3,502
1,838
1,664
3 12,114
4,111
2,628
1,483
12,044
7,466
5,296
2,170
14,943
5,308
3,597
1,711
16,154
+17.4
+43.0
-10.9
-22.6
-26.9
-13.3
-25.4
12,774
3,881
31,097
7,613
4,466
3,147
24,158
-40.4
-49.8
-18.9
-22.3
185, 626
148, 071
63,381
64,403
85, 667
149,437
128,459
153,833
57,621
80, 539
60,071
53, 760
125,181
107,278
169,232
132,029
99,367
81,010
124,426
102,025
+35.2 +36.0
+23.1 +29.4
223, 793
183,035
294,413
239,307
+31.6
+30.7
124
174
103
120
6,600
1,385
132
75
143
7,501
111
126
61
104
7,505
1,134
163
137
79
142
7,489
1,812
187
128
91
158
9,570
1,806
132
107
79
140
7,411
1,489
158
100
93
155
7,991
1,753
+14.7 +18.4
- 6 . 6 +28.0
+15.2 - 2 . 2
+11.3 +1.9
+27.8 +19.8
- . 3 +3.0
15,402
3,242
17,059
3,618
+10.8
+11.6
44, 208
41,351
85, 559
-22.1
796
52,904
1,384
1,352
109,786
850"
56,882
1,570
1,720
3,672
-46.4
680
586
-13.8
12,413
405
11,272
457
+12.8
+3.7 - 4 8 . 3
-4.4
+7.9
1,541
7,135
766
7,588
-50.3
+16.9 +28.8
118
141
+19.5
FUELS
Coal and Coke
Bituminous:
Production.thous. of short tons.,
United States
.thous. of short tons..
Canada
_
-thous. of long tons..
Exports
Consumption—
.thous. of long tons..
By vessels
By electric power
.thous. of short tons.,
plants...
.thous. of short tons..
By railroads
By coke plantsthous. of short tons.,
United States
thous. of short tons..
Canada
PricesMine aver, (spot)..dolls, per short ton.,
Wholesale cornp...dolls, per short ton.,
Retail, composite-.dolls, per short ton_.
Anthracite:
Production
thous. of short tons.,
Exports
.thous. of long tons..
PricesWholesale, comp_...dolls, per long ton..
Retail, composite. .dolls, per short ton..
Coke:
Production, U. S.—
Beehive
thous. of short tons.
By-product
thous. of short tons.
Production, Canada. .thous. of short tons.
Exports
. thous. of long tons.
Price, furnace,
Connellsville
.dolls, per short ton..
Revised.
4,470
1,027
3444
3,444
I
44,000
1,477
1,252
40, 628
1,753
1,121
41,277
1,867
832
351
363
271
319
376
304
3,663
8,418
3,560
7,847
5,626
229
3,719
8,198
3,678
3,804
9,186
3,336
8,074
5,834
261
6,168
257
6,557
251
6,124
226
9.33
1.90
4.160
9.32
1.90
4.144
9.31
1.84
4.093
9.21
1.86
4.069
9.28
2.30
4.450
9.97
7,404
310
6,902
277
6,032
5,690
233
5,582
224
13. 389
15.07
13.389
15.07
13.389
15.08
13.130
15.08
419
3,720
152
379
3,500
157
75
377
3,646
177
63
376
2.83
2.79
6,006
223
1.95
4.199
2.91
179
65
-6.4
-41.1
-16.3
-12.2
2.11
4.338
9.86
+1.1
-.6
+.8
-11.8
-6.2
-5.9
6,561
220
5,852
185
-1.9
-3.9
+21.1
13. 232
15.09
13.779
15.42
13.724
15.44
+.8
+.1
-3.6
-2.3
3,708
787
3,700
177
754
3,435
158
59
267
76
-4.6
2.78
3.88 '
3.70 i -2.5 - 2 6 . 8
2.71
* See table on page 18 of the present issue for earlier data.
-9.2
+6.3
30
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, 'Survey"
October
November
jiPer ct.
TOTAL I inPER CENT IN- CUMULATIVE
FROM
JANUARY
1
crease
1928
1927
CREASE (+) O R
THROUGH FEBRUDECREASE (—)
ARY 28
or decrease
Feb.,
Feb.,
cumu1928,
1928,
Decem- I
lative
- j January February January February from
from
1928
1927
1928
Jan.,
Feb.,
from
1928
1927
1927
FUELS—Continued
Petroleum
Crude petroleum:
Production
thous. of bbls.
Stocks end of month—
Total (comparable)
thous. of bbls.
Tank farms and pipe
lines
thous. of bbls.
Refineries.—
thous. of bbls.
CaliforniaLight
thous. of bbls.
Heavy
thous. of bbls.
Imports
thous. of bbls.
Consumption (run to stills).thous. of bbls.
Refinery operations
per ct. of capacity.
Price, Kansas-Oklahoma
dolls, per bbl.
Oil wells completed
numberGasoline:
ProductionRaw (at refineries)
thous. of bbls.
Natural gas (at plants)..thous. of bbls.
Exports
thous. of bbls.
Consumption
thous. of bbls.
Stocks, end of m o n t h Raw (at refineries).
thous. of bbls.
Natural gas (at plants)._thous. of bbls.
PricesWholesale, New York___dolls. per galRetail, wagon, 50 cities*.dolls. per gal.
Retail distribution, 41 States.thous. of gals.
Kerosene:
Production
thous. of bbls.
Exports
thous. of bbls_
Consumption
thous. of bbls.
Stocks at refineries, end mo.thous. of bbls.
Retail distribution, 13 States.thous. of bbls.
Price, 150° water white
dolls, per galGas and fuel oils:
Production
thous. of bbls.
Consumption—
By vessels
._
thous. of bbls.
By electric pow. plants..thous. of bbls.
By railroads
thous. of bbls.
Stocks at refineries, end mo.thous. of bbls.
Price, Okla. 24-26, refinories.dolls. per bbl.
Lubricating oil:
Production
thous. of bbls.
Consumption
.__
thous. of bbls.
Stocks at refineries, end mo_thous. of bbls.
Price, cylinder oil
dolls, per gal.
Asphalt:
Production
thous. of short tons.
Stocks, end of month..thous. of short tons.
Imports
thous. of short tons.
Coke:
Production
thous. of short tons.
Stocks, end of month..thous. of short tons.
Wax:
Production
thous. of lbs_
Stocks, end of month
thous. of lbs.
139,349
139,973
+0.4
8,695
132, 639
12,181
133, 794
+40.1
+0.9
2,727
1,600
-41.3
52, 984
6,078
6,900
36,128
54,654
6,646
7,018
42,075
+3.2
+9.3
+1.7
+16.5
9,566
2,973
6,472
3,886
5,963
+2.5
63,121
63, 215
+4.6
7,527
1,491
8,002
7,534
1,128
-24.3
4,915
2,747
5,386
3,139
+9.6
+14.3
364
408
+12.1
33
11
-66.7
181
203
+12.2
101,477
104, 388
+2.9
71,677
72,500
+1.1
329,742
281,656
342,726
291,186
+3.9
+3.4
77,081
73,778
72,321
67,652
71,475
67,874
345,357
348,885
351,646 I 358,892
362, 963
278,972
285,458
306,803
38, 554
310,058
38,827
312,411
39,235
317, 725
41,167
320,602
42,361
243,428
35, 544
247, 749
37,709
21, 609
91,858
4,633
71,932
80
1.240
1,086
21,191
92, 555
5,339
69,587
81
1.230
1,044
20,058
91, 797
6,209
70,323
79
1.220
905
20,493
94,327
6,145
68,193
72
1.220
764
20,110
94, 797
6,036
65, 601
73
1.213
836
31,017
87,971
4, 514
69, 603
79
1.750
1,385
29,770
87, 640
4,181
63,036
79
1.700
1,342
28,903
3,419
3,805
25,497
28, 558
3,410
3,654
24,400
28, 512
3,512
2,949
23, 718
27,879
3,367
3,692
20,939
26, 775
3,279
3,326
21,136
27,960
3,145
3,425
17,888
29, 550
923
30,401
820
32,323
734
36,112
740
38, 782
824
46,058
560
+7.0
+11.8
-4.3
+0.9 +15.9
49, 714
+7.4 -22.0
618 +11.4 +33.3
.170
.143
810,470
.170
.142
742,145
.170
.143
» 674,840
.170
.143
3 629,464
.170
.147
4,884
2,193
3,469
7,325
3 32,995
.073
4,824
1,815
2,514
7,841
3 28, 719
.073
4,869
1,226
3,819
7,669
3 29,902
.072
5,047
2,345
2, 742
7,670
3 27,690
.070
4,783
1,541
3,221
7,692
0.0
-20.5
34,045
32, 594
33,029
32,271
30,944
32,936
30,185
-4.1
4,594
507
4,652
33,191
.865
4,110
507
4,123
33,637
.838
4,264
649
4,211
31,982
.800
3,783
589
3,751
539
29, 011
.850
3,587
670
3,719
22,099
1.250
-0.8
-8.5
29, 623
.800
3,940
821
4,283
23,195
1.255
2,757
1,782
7,584
.253
2,477
1,739
7,524
.245
2,801
1,663
7,860
.245
2,658
1,606
7,978
.245
2,728
1,533
8,332
.245
2, 570
1,496
7,887
.255
2,345
1,231
8,361
.255
333
189
14
290
196
263
221
199
209
7
209
320
4
191
215
19
173
235
14
102
331
102
349
108
345
103
330
100
337
287
295
49,476
170,367
48,146
171, 700
54,039
167,214
55,320
168,900
49, 068
166,244
54,114
192,835
50,370
30,184
3 48,565
38, 592
3 54,315
30, 736
47,378
39,108
33, 392
56, 559
43, 340
33,845
6 74,391
• 60, 592
32, 654
1
74,108
.070
-6.5
25,024
2,933
3,475
18,240
-4.0
-2.6
-9.9
.210
.218
.175
.170
3 545, 510 3 529,487
+2.8
5,113
1,592
3,882
8,190
3 29, 515
.094
3
4,453
1,381
2, 590
8,655
28, 729
-0.3
+1.1 +27.2
+0.9 +29.4
+2.9 +12.3
-1.9 -32.4
+0.5 +8.2
-1.8 +44.4
-3.8 +4.1
+1.4 - 7 . 6
-0.6 -28.6
+9.4 -37.7
0.0
-22.0
-13.5
-5.2 +7.4
-34.3 +11.6
+17.5 +24.4
+0.3 -11.1
-19.6
+31.3
+6.3 -32.0
+2.6 +16.3
-4.5 +22.5
-0.3
+4.4
+2.8
+30.7
-7.9
+0.1
+0.1
-2.1
0.0
47,363
198,452
-2.9
+2.1
-11.3
-1.6
+20.8
+36.2
-71.4
+13.6
+14.2
+3.6
-16.2
44, 639
28, 337
-14.6
+17.8
+5.0
+53.1
-42.9
RUBBER
Crude Rubber
World shipments, plantation
Imports (including latex)
Consumption (quarterly):
Total
For tires
Consumption by tir e mfrs
Stocks, end of quar ter:
Total
Manufacturers
Dealers
Afloat
._
_.
World stocks, end of month:
World total
United States
Europe
Producing countries
Afloat
Wholesale price, Para, N. Y
long tons..
long tons..
..long tons_. » 82,073
long tons.. 5 69,369
thous. of lbs_. 37,130
tons..
tons..
tons..
tons..
* 90,861
« 72,589
.«17,872
«36,006
-long tons..
--long tons..
long tons..
long tons..
long tons..
dolls, per lb_.
263, 683
97,453
73,876
27, 654
64, 700
.249
long
long
long
...long
264, 590
101, 034
70,880
30,376
62,300
.273
7
76,555
7 64,891
44, 078
43, 709
« 96,601
6 77,932
618, 669
» 44, 890
7 68,876
7 58, 785
7 10,091
7 50, 529
261, 592
100,131
66,737
27,324
67,400
.294
237,425
76,172
58, 329
27, 224
75, 700
27, 453
69, 594
.234
45,037
248, 740
91,186
62,443
28, 611
66, 500
.261
-18.7 I -10.3
Tires and Tubes
Pneumatic tires:
3,394
3,603
3,391 !
Production
thousands..
7,635
7,734 I
Stocks, end of month
_ thousands. _
7,287
Shipmentsi
3,484
Domestic
thousands..
3,100
2,959 !
133
145
Export
thousands..
178 i
* See table on p. 21 of the March, 1928, issue for earlier data.
Revised.
4,126
7,491
3,731
7,839
3,834
8,298
3,204
151
3,924
3,534
132
172
«6Quarter ended Sept. 30, 1927.
Quarter ended Dec. 31, 1927.
7 Quarter ended Dec. 31, 1926.
31
TREND OF BUSINESS MOVEMENTS—Continued
1928
1927
The cumulative* shown are through February. Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
October
November
December
thousands..
thousands..
3,809
10,187
10,216
3,742
10,297
4,086
9,760
4,007
11,704
3, 724
12, 595
thousands..
thousands..
3,685
3,463
3,413
133
4,469
90
4,428
89
3,763
80
thousands..
thousands..
34
162
32
161
33
161
28
4
37
164
44
166
46
163
31
3
36
7
40
January February January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increase
(
-y
or decrease
(-)
cumulative
1928
from
1927
1927
1928
167,942
172, 723
+2.8
216, 297
222,180
+2.7
50,663
5,259
22,891
11,846
7,526
69,830
6,271
35,125
12,901
+37.8
+19.2
+53.4
+8.9
+24.8
R U B B E R - Continued
Tires a n d Tubes—Continued
Inner tubes:
Production.
Stocks, end of month
Shipments—
Domestic
Export
Solid and cushion:
Production
Stocks, end of month__
ShipmentsDomestic
Export...
thousands..
thousands..
Other Rubber Products
Reclaimed rubber (quarterly):
Production
long tons .
Stocks, end of quarter
long tons.
Scrap rubber (quarterly):
Stocks at reclaimers
long tons.
Consumption by reclaimers
long tons.
Rubber-proofed fabrics:
Production—
Total.
thous. of yds.
Auto fabrics
thous. of yds.
Raincoat fabrics
thous. of yds.
All other
..thous. of yds.
New orders, auto fabrics
thous. of yds.
Production, relative to capacity..per cent.
Rubber heels:
Production
thous. of pairs.
Shipments—
To shoe manufacturers.thous. of pairs.
To repair trade
thous. of pairs.
For export
thous. of pairs.
Stocks, end of month
thous. of pairs.
Rubber soles:
Production
thous. of pairs.
Shipments—
To shoe manufacturers.thous. of pairs.
To repair trade
thous. of pairs.
For export
thous. of pairs.
Stocks, end of month
thous. of pairs.
Mechanical rubber goods:
ShipmentsTotal
thous. of dolls.
Belting
thous. of dolls.
Hose
thous. of dolls.
All other
thous. of dolls.
s 39,449
« 17,812
6 46,530
e 19, 567
7 44,989
7 18,160
5 55,547
«50,495
a 62,016
« 61,331
t 65,969
7 58,410
3 4, 634
819
3,179
636
827
31.2
a 3,791
691
2,489
611
720
26.3
3 2, 518
621
1,303
594
710
23.6
21,151
20,556
19,203
10,546
9,305
913
39,723
10,245
7,129
1,415
41, 727
8,384
6,009
1,087
42,802
3,697
3,347
2,169
1,096
46
3,899
1,916
718
784
414
957
35.7
2,084
718
881
485
1,005
51.0
17,682
13,660
12, 733
10, 786
6,314
793
43, 796
4,013
793
46,355
3,255
3,431
1,475
2,520
976
142
3,872
2,498
974
129
3,257
2,243
916
675
3,148
749
152
216
3,247
621
132
18
3,309
5,244
1,368
1,837
2,039
4,941
1,175
1,840
3
1,925
5,898
1,557
2,190
2,151
5,630
1,388
2,257
1,984
5,327
1,263
2,351
1,713
5,678
1,370
2,447
1,861
36,356
3,699
21, 561
5,700
3,195
37,328
3,717
20,634
4,676
38,151
3,177
23,391
5,326
3,740
36,409
3,410
18,856
5,448
5,117
26,110
2,296
12,357
5, 791
3,763
24,553
2,963
10, 534
6,055
3,763
248,187
200,220
27,942
20,025
249,673
203,146
26,973
19,554
242,300
198,623
26,803
16,874
244,242
204,224
16,193
260,214
210,528
32,368
17,318
244,323
195, 481
31,897
16,945
.233
.218
.242
.228
.250
.250
.261
.300
.291
.155
.169
895
413
761
376
1,194
881
411
3,688
1,070
1,094
711
383
5,479
1,151
666
374
5,780
1,048
117,252
208,308
137,970
132,344
248,367
132,617
79,399
253,643
42,951
66,128
271,156
26,090
61,041
247,966
18,482
1,246
22,704
66,056
93,892
20,124
172,350
1,243
23,034
72,143
91,457
20,057
150,168
3 1,223
23,095
71,415
79,438
19,931
119,896
6,652
4,062
1,113
48,010
HIDES AND LEATHER
Hides
Imports:
Total hides and skins
thous. of l b s . .
Calfskins
thous. of lbs
Cattle hides
thous. of lbs._
Goatskins
thous. of lbs.
Sheepskins
thous. of l b s . .
Stocks, end of month:
Total hides and skins
thous. of l b s . .
Cattle h i d e s . .
thous. of l b s . .
Calf and kip skins
thous. of l b s . .
Sheep and lamb skins
thous. of l b s . .
Prices:
Green salted, packers' heavy
native steers
dolls, per lb__
Calfskins, country No. 1
dolls, per lb__
Inspected slaughter of livestock:
United S t a t e s Cattle
thous. of animals.
Calves
thous. of animals..
Swine
thous. of animals..
Sheep
thous. of animals..
CanadaCattle and calves
no. of animals..
Swine
no. of animals..
Sheep
no. of animals..
Leather
Production:
Sole leather..thous. of backs, bends, sides._
1,325
Finished sole and belting
thous. of l b s . . 24,230
Finished upper
thous. of sq. ft..
70,081
Oak and union harness
stuffed sides.. 90,707
21,574
Skivers
doz
180,301
Unfilled orders, harness
sides
Stocks in process of tanning:
Sole and belting
thous. of lbs._
79,600
Upper
thous. of sq. ft.
147,790 I
3
Revised.
« Quarter ending Sept.
79,669 I 82,065
148,978 I 148,121
30, 1927.
33,421
2,861 I
16,269
7,453
4,276
1,245 j
85,564
20,225
79,277
-8.2
-16.1
-13.7
+36.8
-16.4
+36.1
-3.4
+54.4
+23.1
+13.6
.145
.158
-5.0
-3.0
+71.0
+84.2
786
397
4,514
1,115
700
377
3,395
1,006
-6.7
-2.3
+5.5
-8.9
-4.9
-.8
+70.3
+4.2
1,486
774
7,909
2,121
1,377
757
11,259
2,199
+42.4
+3.7
69,456
255,469
29,923
219,752
20,791
-7.7
-8.6
-29.2
+1.6
+12.8
-11.1
129,554
475,221
50,714
127,169
519,122
44,572
-12.1
1,170
23,235
71,974
63,957
19,781
143,912
1,221
23,944
68,506
63,724
20,417
126,087
+1.8
+2.0
2,391
2,468
+3.2
+7.7
+1.5
+34.3
127,681
40,198
165,002
40,156
+29.2
85,396 I
85,718
89,060
149,952 I
158,946 151,364
» Quarter ending Sept. 31,1927
-.9
-37.1
» Quarter ended Dec. 31,1926.
-7.3
-2.2
-1.8
+9.2
-.1
32
TREND OF BUSINESS MOVEMENTS—Continued
1938
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
November
60,811
244,268
59,163
250,364
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
Decem- January February
ber
January
February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
+3.6
+33.8
+21.0
+70.0
+97.4
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
1928
Per ct.
(+)
or decrease
(-)
cumu
lative
1928
from
1927
HIDES AND LEATHER—Continued
Leather—C ontinued
Stocks, end of month:
Sole and belting
thous. of lbs.
Upper
thous. of sq. ft.
Exports:
Sole__
thous. of lbs_
UpperTotal
thous. of sq. ft_
Cattle and calf
thous. of sq. ft.
Patent.
thous. of sq. ft.
Sheep
thous. of sq. ft.
Prices:
Sole, oak, scoured backs,
heavy, Boston-_
_dolls, perlb.
Chrome calf, " B " grades-dolls, per sq. ft.
Leather Products
Shoes:
Production
_thous. of pairs.
Exports
thous. of pairs.
Wholesale pricesMen's black calf
blucher, Mass
_.-dolls, per pair.
Men's dress welt, tan
calf, St. Louis..
.dolls, per pair.
Women's black kid, dress
welt, lace, oxford
dolls, per pair.
Gloves:
Glove leatherProduction
thous. of skins.
Stocks (tanned)—
In process __
-thous. of skins.
Finished..
thous. of skins.
Gloves, c u t Total
dozen pairs.
Dress and streetImported leather
dozen pairs.
Domestic leather
dozen pairs.
Work gloves
.__ .dozen pairs.
PAPER AND PRINTING
Wood Pulp
Mechanical:
Production.
short tons.
Consumption and shipments—short tons.
Stocks, end of month
short tons.
Imports
short tons.
Chemical:
Production
short tons.
Consumption and shipments...short tons_
Stocks, end of month. _
short tons.
Imports
short tons.
Price, sulphite
dolls, per 100 lbs.
Newsprint Paper
Production:
United States, total
.short tons.
Ratio to capacity
-per cent.
Canada
short tons.
Consumption by publishers
short tons.
Shipments:
United States
short tons.
Canada
.short tons.
Imports
short tons.
Exports:
United States
short tons.
Canada
short tons.
Stocks, end of month:
At millsUnited States
short tons.
Canada
short tons.
At publishers
short tons.
In transit to publishers
short tons.
Price, roll, f. o. b
dolls, per 100 lbs.
Printing
Book publication:
American manufacture..
no. of titles.
Imported..
no. of titlesSales books:
New orders
thous. of books..
Shipments
_
thous. of books..
Printing activity
weighted index number.
Cash checks, shipments
thous. of checks* Revised.
57,017
247,409
54,828
245,931
67,806
272,897
66, 340
274,197
800
719
924
1,265
1,076
712
1,039
-14.9
12,177
7,634
3,659
16,530
11,093
4,742
14,488
9,975
3,715
798
15, 532
10, 614
4,103
815
15,567
10,750
3,836
981
12, 663
8,875
3,144
644
11,636
8,882
2,257
497
+.2
+1.3
-6.5
+20.4
.55
.51
.55
.51
.59
.54
.59
.54
.65
.43
.45
.43
.45
32,267
376
25,973
433
25, 723
388
303
24,993
491
27,292
397
5 23, 525
381
-20.9
6.50
6.50
6.75
6.75
6.40
6.40
0
5.00
5.00
5.00
5.00
5.00
4.85
4.85
0
4.00
4.00
4.00
4.03
4.15
4.00
4.00
+3.0
918
858
111
727
1,467
2,457
1,434
2,481
1,150
2,611
1,140
2,767
1,913
2,672
1,857
2,761
244,090
225, 779
182,810
177,884
196,270
197,987
59,601
36, 537
147,952
50, 532
33, 635
141, 612
41,150
22,430
119, 230
37, 738
24, 650
115,496
50,917
27, 736
117, 617
58, 681
31, 348
107,958 i|.
il
121,051
130,465
147,160
21,190
137,245
143,220
158,717
28,308
133,788
135,632
156,872
24,976
141,137
139,711
158,868
21,082
213,472
213, 524
38,234
133,170
2.53
214,936
213,772
41, 552
142,736
2.53
210,388
207,064
45,198
152,764
2.53
113,126
77
191,171
184,805
117,166
79
190, 293
185, 202
116,885
188,769
173,540
-23.7
+3.1
+4.9
+5.5
+.3 +66.2
+0.3 +1.5
-0.8 +2.0
+5.2 +17.8
- 1 6 . 7 +45.2
0
-8.0
180,100
12, 723
156,164
2.53
130,152
2.53
229, 580
229,382
38,730
153, 584
2.75
206,646
204,248
39,950
89,662
2.75
119,312
81
181, 600
182,027
119,525
84
186, 721
172,952
112,302
135,395
119,953
189,822
162,573
161, 724
168,241
151,986
156,621
116,468
187,766
187,796
123,883
181,439
180,467
114,211
186,829
177,808
109,666
188,163
172,635
130,973
158,866
166,102
117, 636
146,365
134,209
739
159,284
847
179,969
535
169,202
1,758
157,466
183,414
1,360
142,329
874
141,199
-38.3
+16.5 +29.9
27,939
35,774
214,872
45,789
3.25
28,543
38,074
214,639
46,176
3.25
20,877
38,117
218,177
46,708
3.25
25,905
37,731
207,449
46,522
3.25
28,499
39,145
215,118
48,212
3.25
15,968
17,255
232,944
43, 624
3 3.25
18,426
22,769
224,572
48,251
3 3.25
+10.0 +54.7
+3.7 +71.9
+3.7 - 4 . 2
-.1
+3.6
981
143
738
102
720
102
507
118
12,126
13, Q86
104
10,671
12,934
105
70,413
12,329
11,897
107
43,173
13,851
12,898
105
71,625
82,093
65,865 1
12,919
11,178
104
73,841
-6.5
-2.7
-2.5
-22.2
+3.8
146,077
163,466
183,011
18,378
12,332
11,722
+33.7
+28.0
+20.3
+47.0
+57.4
+5.5
131,925
135,975
154,818
21,151
722
132
2,341
31,099
21,364
7,939
1,796
+10.2 +51.2
+11.1 +33.3
6.50
125,740
1,751
24,299
17, 757
5,401
1,141
271,817
292,352
273,062
275,686
+0.5
-5.f
-14.0
-6.4
+1.7 +24.9
-6.0
+3.8
-6.8 !
-4.0
+.7 +28.6
+28.6
-2.9
31,101
42, 233
436,226
433,630
418,828
418,408
+35.8
-4.0
-3.5
243,246
286,316
+17.7
255,348
231,827
-9.2
313,710
324,862
376, 543
335,525
+20.0
+3.3
248,609
305,231
300,311
223,877
374,992
350,443
2,234
283,528
2,297
340,880
-9.9
+22.9
+16.7
+2.8
+20.2
0
0
0
-1.5
+6.0
+4.7
24,551
22,375
24,661
23,619
+.4
+5.6
+52.6
-14.8
151,109
109,038
-27.8
113 j
11,632
11,197
108
77,268
33
TREND OF BUSINESS MOVEMENTS—Continued
1928
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
PER CENT INCREASE ( + ) OR
DECREASE ( - )
1927
Novem- Decem- January February January February
ber
ber
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1 j
THROUGH FEBRU- !
ARY 28
|
1927
1928
PAPER AND PRINTING-Continued
Box Board
Operation.
thous. of inch hours
Operation.
per ct. of capacity..
Production
_
short tons..
New orders
_
short tons..
Unfilled orders, end of month
short tons..
Consumption of waste paper
short tons.
Shipments
short tons..
Stocks, end of month
.short tons..
Stocks of waste paper, end of month:
On hand
tons..
In transit and unshipped purchases.-tons..
Other Paper
Binders' board, production.
short tons.
Book paper:
Production
short tons..
Ratio to capacity
per centShipments
short tons..
Stocks, end of month
short tons..
New ordersCoated p. ct. of normal production..
Uncoated. .p. ct. of normal production.
Unfilled ordersCoated p. ct. of normal production..
Uncoated..p. ct. of normal production.
Wrapping paper:
Production
short tons..
Ratio to capacity
per cent.
Shipments
.short tons..
Stocks, end of month
short tons..
Fine paper:
Production
short tons..
Ratio to capacity
per cent..
Shipments
short tons..
Stocks, end of month...
..short tons..
All other grades:
Production
short tons..
Shipments
short tons..
Stocks, end of month
short tons..
Total paper (inc. newsprint and box board):
Production
short tons..
Ratio to capacity
per cent..
Shipments
short tons..
Stocks, end of month
short tons..
Paperboard Shipping Boxes
Production:
Total
thous. of sq. ft..
Corrugated
.thous. of sq. ft.
Solid
fiber
thous. of sq. ft.
Operating activity:
Total
percent of normalCorrugated
per cent of normalSolid
fiber
per cent of normal.
Other Paper Products
Abrasive paper and cloth:
Domestic sales
.reams..
Foreign sales
reams..
Labels, orders
.per ct. of capacity.
BUILDING CONSTRUCTION AND
HOUSING
Rental advertisements:
Minneapolis, Minn
Real estate conveyances (41 cities)
Building Costs
.numbernumber .
Building materials:
Frame house, 6-room
rel. to 1913.
Brick house, 6-room
...rel. to 1913.
Concrete factory costs (Aperthaw)._re\. to 1914.
Building costs (Engineering News
Record).
rel. to 1913.
Building costs (A. G. C.)
rel. to 1913.
Construction costs (Am. Appraisal):
Frame
rel. to 1913.
Brick, wood frame
rel. to 1913.
Brick, steel frame
rel. to 1913.
Reinforced concrete
rel. to 1913.
Contracts awarded (36 States):
Commercial buildings
thous. of sq. ft..
Industrial buildings
thous. of sq. ft.
Residential buildings
thous. of sq. ft..
Educational buildings
thous. of sq. ft,.
Other public and semipublic buildings
thous. of sq. ft.
Grand total
thous. of sq. ft..
Revised.
8,902
85.6
226,141
221,548
105,600
220,974
228,222
41,863
8,275
82.8
212, 319
183,576
76,471
202, 646
212,375
41,317
7,444
7,800
71.6
3 78.0
186,920 3 203,146
178,224 »203, 630
74,430
3 82,446
177,329 3 188,521
181,400 3 196,275
42,610
3 49,172
8,076
80.8
210,305
215,259
86,741
193,057
210,053
49,472
70.0
173, 629
194,285
105,669
163,337
175, 528
53,562
7,583
79.0
189,273
183,861
102,005
182,322
189,032
53,327
+3.5 +6.5
+3.6 +2.3
+3.5 +11.1
+5.7 +17.1
+5.2 -15.0
+2.4 +5.9
+7.0 +11.1
+.6 -7.2
128,443
65,008
133,184
52,161
145,549
34,512
142,713
61,078
163,023
38,062
158,222
40,602
-9.2
-2.7
3157,185
62,791
2,537
2,400
1,940
2,547
4,382
2,306
2,730
109,391
83
110,813
74,234
111, 579
85
109,347
76,461
110,463
83
113,225
73,403
121, 509
90
123,332
123,929
93
121, 832
119,965
111, 569
117, 565
64,847
112,015
64,199
76
85
77
77
82
79
87
94
97
9
11
92, 795
87
92,424
80,907
93,479
82
91,329
79, 653
88,863
78
85, 220
84,916
96,223
91
93,144
87,895
93,518
87
92, 957
88,258
38,814
92
50,903
36,665
87
37,398
50,173
38,136
91
37,259
51,044
37, 471
93
35,550
52,410
103, 058
103,040
72, 594
98, 749
99, 251
69,106
97, 718
97,335
68,751
683,325
81
666,168
345, 253
669,957
3 79
638,322
341, 601
427,263
348,835
78,428
—1.1
-11.3
0
0
+22.2
-18.2
-2.8 +8.7
-4.4
-0.2 +8.8
+0.4 +31.9
91,760
86,051
90,934
68,465
85,449
66,916
38,871
97
38,327
52, 973
35,148
34,064
35, 043
52, 794
50,999
99,909
100,689
68,857
97,412
95,425
70,828
100, 755
99,762
67, 593
93, 572
95,095
65, 697
641,414
3 76
638,822
341,601
677, 783
3 82
663, 201
352,504
676,347
82
668,270
361, 708
656, 652
634,482
649,805
323,229
635,096
319, 564
395,491
320, 511
74,980
342,376
272,807
69, 569
347,622
277, 280
70,342
402,183
326,430
75,753
371, 748
293,677
78,071
421,165
336,910
84,255
+15.7
+17.7
+7.7
-4.5
-3.1
-10.1
85
85
83
77
76
81
66
64
72
77
75
84
71
72
81
82
78
+11.6
+11.9
+12.0
+7.7
85,155
389
18.2
72, 726
16,392
54.4
58,265
16,034
78.1
80, 505
317,112
83,969
16,169
76, 717
12, 575
84.5
83, 229
13, 569
81.9
6,711
149,667
4,290
145,167
2,564
143, 731
2,473
139,314
2,465
136,968
3,131
135,935
2,955
129,258
181
185
191
180
184
191
182
187
191
178
183
192
182
186
192
190
190
194
191
190
193
+2.2
+1.6
0
-4.7
-2.1
-.5
202
201
204
200
204
199
205
199
205
199
210
197
209
199
0
0
-1.9
0
205
215
196
201
205
215
196
200
205
214
197
201
205
214
196
200
203
212
197
200
204
213
198
200
204
213
197
200
-1.0
-.9
-.5
-.5
0
0
11,821
5,544
45,608
4,103
7,451
6,382
41,002
4,477
9,082
4,406
38,747
3,582
10,803
4,412
37,516
3,380
9,084
5,384
42,548
3,071
10,037
3,721
29,757
2,329
8,799
4,237
31,025
2,967
6,014
66,560
4,381
73, 765
3,955
60,271
4,855
65,137
50,568
4,760
52,348
+3.7 +14.1
+4.3
+7.8
+1.1
-2.5 +4.1
-5.2 +0.3
+2.9 +7.8
-0.2
+6.6
0
+0.8 +5.2
+2.6 +13.2
+8.9
345, 659
364,560
381, 578
406,328
+10.4
+11.5
5,036
6,929
+37.6
231, 534
245,448
229,580
245.164
+6.0
+6.8
181
190
179
173
-1.1
-8.9
177,811
189,941
+6.7
176, 383
186,101
+5.5
69, 212
76,342
+10.3
70,912
73.877
+4.2
194,327
194,857
197, 321
196,114
+1.5
+0.6
1,291,134
1,354,130
+4.9
1,284. 901
1,331, 471
+3.6
792,913
630, 587
162,326
749,805
603,710 I
146,095
-5.4
-4.3
-10.0
159, 946
26,144
164,474
33,281
+2.8
+27.3
265,193
4,938
276, 282
-18.9
+4.2
18,836
7,958
60,782
5,296
19,887
9,796
80,064
6,451
+5.6
+23.1
+31.7
+21.8
8,026
102,916
8,810
125,408
+9.8
+21.9
-4.9
-8.5
+4.3
+.9
-5.5 +19.2
-16.6
-1.7 I +6.0
+.5
15,876
413,451 I +13.9
418,889 !| +10.8
+50.4
+72.0 +60.5
+2.0 +11.1
+3.3
-1.2
+8.8
+5.0 +11.6
+15.7 +2.1
-.3
14,582
362,902
378,146
0
-15.9 +3.2
+22.0 +27.1
+13.4 +37.1
-9.1 +3.5
+22.8 +2.0
+8.1 +24.4
34
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through February.
Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
1928
1927
Per ct.
increase
{
V
or decrease
(-)
Feb.,
1928,
from
Feb.,
1927
1927
1928
cumulative
1928
from
1927
65,937
40,381
158,004
21,842
-21.9
-8.9
+24.4
-20.2
-21.8
-21.5
+47.2
-16.5
143,766
67, 515
318,033
38, 517
117,545
66,549
419,478
41,086
-18.2
-1.4
+31.9
+6.7
16,772
129
45,765
49,358
381,286
19,517
121
+79.0
-19.4
+8.2
+26.3
+17.6
+13.7
+16.5
+32.6
+2.5
77,390
102,996
750,216
36, 289
125,810
854, 558
46,355
+8.4
+22.2
+13.9
+27.7
37,911
2,378
26,285
1,976
-5.0
-42.1
+56.4
-13.3
64,196
4,354
84,366
4,672
+31.4
+7.3
+16.1
+27.6
+18.1
+.5 +5.1
+3.0 +22.3
825,829
931,536
+12.8
744,154
828, 720
"932," 164"
+25.3
+20.5
111, 140
1,332
113,343
1,236
+2.0
920,811
897,534
974,977
101,969
49,443
918,126
877,450
985,720
130,645
46,506
-.3
-2.2
+1.1
+28.1
-5.9
December
77,726 ! 41,893
50,370 | 49,203
236,870
207,308
29,699
30,642
85,286
27,938
202,447
22,480
65,981
34,833
186,904
22,854
51, 564
31,716
232,574
18, 232
77,829
27,134
160,029
16, 675
45, 744
68,716
443,506
30,260
215
35,823
90,194
464,167
53,803
56,134
444,023
25,875
124
31, 625
53, 638
162
30,055
69,676
410,535
20,480
125
18,992
1,309
31,935
1,947
43,261
2,959
41,105
1,713
January February
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Feb.,
1928,
from
Jan.,
1928
November
October
PER CENT INCREASE ( + ) OR
DECREASE (—)
January February
BUILDING CONSTRUCTION AND
HOUSING—Continued
Building Costs—Continued
Contracts awarded, value (36 States):
Commercial buildings
thous. of dolls..
Industrial buildings
thous. of dolls..
Residential buildings
.thous. of dolls...
Educational buildings
thous. of dolls..
Other public and semipublic buildings
-thous. of dolls..
Public works and utilities._thous. of dolls..
Grand total
thous. of dolls..
Contracts awarded, Canada
thous. of dolls..
Building volume (A. G. C.)
_rel. to 1913..
Fire losses:
United States and Canada
{Journal of Commerce) thous. of dolls..
Canada (Monetary Times)..thous. of dolls..
48, 555
105, 932
549,152
47,135
222
22,327
1,778 !
LUMBER PRODUCTS
Softwood Lumber
Southern pine:
422,022
Production (computed)
M ft. b. ni_. 438,708 I 439,773 419, 297 462, 571 468,965
403,807
97
99
Operation
per cent of capacity..
382, 751 361,403
Shipments (computed)
M ft. b. m_. 446,696 442,920 395,239 470,837 461,327
New orders (computed)
M ft. b. m . . 453,811 436,385 398,192 523,508 475,145
426, 558 402,162
Stocks,end of mo. (computed).*M ft. b . m_. 1,190,112 1,194,404 1,207,534 1,309,864 1,315,935 1,219,779 1,252,224
Unfilled orders,end mo.(comp.)M ft. b. m_. 346,715 305,164 287,741 385,054 396,667
324,423
299,314
43,550
52,930
66,332
Exports, lumber
M ft. b. m_. 48,637
47,011
64,492
46,648
183
308
113
870
366
1,071
Exports, timber
M ft. b. m_.
261
36.42
35.54
37.98
36.12
40.04
Price,
flooring
dolls, per M ft. b. m_.
35.26
40.81
Douglas fir:
Production (computed)
M ft. b. m_. 538,968 497,337 437,352 410,493 507,633
410,045 510,766
Shipments (computed)
M ft. b. m.. 491,070 411,389 386,768 397, 571 479,879
411,836
New orders (computed)
M ft. b. m_. 464,211 452,124 397,511 444,514 541,206
458,839
516,138
56,204
61,999
51,072
85,299
Exports, lumber
M ft. b. m_.
45,346
48,025
53,944
15,498
47,711
Exports, timber
M ft. b. m_.
46,492
2,280
44,226
26,449
22,994
15.48
Price, No. 1_common-dolls, per M ft. b. m_.
15.17
14.80
15.23
15.99
17.19
16.43
Price, flooring, 1 x 4, " B " and
35.08
34.04
35.92
35.47
34.50
34.04
better, V. G
M ft. b . m_.
36.06
California redwood:
52,925
36,029
32,511
Production (computed)
M ft. b. m_. 43,142
39,454
43,276
32,099
40, 578
26,882
37,061
42,676
30,201
38,700
35,851
Shipments (computed)
M ft. b. m..
41,376
23,398
40,121
36,492
38,763
37,299
New orders (computed)
M ft. b . m..
42,600
45,962
41, 518
60,007
45,430
44,948
42,795
Unfilled orders,end mo.(comp.)*M ft. b. m_.
67,440
California white pine:
92,762
72,
552
51,187
122,029
51,452
55,821
44,247
Production
M ft. b . m_.
92,568
82,087
90,891
97, 412
75,706
73,874
Shipments
M ft. b. m.. 123,538
624,651
667,618
609,181
623,671
566,957
591,017
560,748
Stocks, end of month
M ft. b. m_.
Western pine:
77,348
80,234
69,113
Production (computed)
M ft. b . m_. 134,691 118,704
99,454
114, 579 117,193
Shipments (computed)
M ft. b . m . . 153,019 124,083
1,069,835 1,036,454
Stocks, end of mo. (computed) _M ft. b . m_. 1, 069,825 1,068,630 1,039,389
North Carolina pine:
53,522
57,295
48,139
40,019
51,317
47,712
55,013
Production (computed)
M ft. b . m..
50, 813
47,845
47,054
57,967
56,133
37, 030
46,746
Shipments (computed)
M ft. b. m_.
Northern pine:
Lumber41,148
32,815
24,300
33,550
34,514
32,493
35,127
Production
M ft. b . m..
39,175
32,857
33,603
24,680
29,451
35,413
30,557
Shipments.
M ft. b . m_.
33,698 | 27,569
29,184
22,156
32,703
36,520
New orders
M ft. b. m..
Lath—
9,034 I
6,144
4,472
7,315
7,251
7,338
5,726
Production
thousands..
5,377
7,941 I
3,994
5,609
7,795
5,300
6,261
Shipments...
thousands..
Northern hemlock:
9,188 ' 11,026
13,949
11,425
19,811
21,854
Production
M ft b . m..
17,914
14,261
10,014
7,485
14,474
15,773
Shipments
M ft. b . m..
+.8
-29.1
-57.9
+2.4
-65.8
-9.8
+23.7
+20.7
+21.8
-46.8
+4.9
+5.0
-1.2
-15.9
+92.3
-7.0
-7.2
0
-5.2
+9.7
+28.1
-3.8
+33.1
+4.4
-7.0
-28.7
64,610
72,912
82,721
82,730
68,901
76,062
+28.0
-5.5
-8.0
+0.5
+7.2
-6.9
+16.3
+31.9
+1.1
100,068
149,580
102,639
188,303
+2.6
+25.9
+28.2
+26.2
-6.7
-19.4
102,725
105,021
91,336
83,776
-11.1
-20.2
+2.9
+20.2
+11.7
-1.7
+5.4
+12.7
67,620
64,160
61, 577
68,064
64,864
69,228
-21.7
+5.8
-22.0
-28.0
14, 589
14,056
13,041
10,909
+.7
+1.1
+12.4
-10.6
-22.4
5,023
6,112
5,648
5,449
+12.4
-10.8
6,185
5,435
-12.1
I
Hardwood Lumber
Walnut lumber:
Production..
. . M ft. b . m_.
Shipments
M ft. b . m_.
Stocks, end of month
M ft. b. m_.
New orders
. . M ft. b . m_.
Unfilled orders, end of month..M ft. b . m_.
Walnut logs:
Purchased..
. - M ft. log measure..
Made into lumber and
veneer
M ft. log measure..
Stocks, end of month.._M ft. log measure..
Northern hardwoods:
Production
. . . M ft. b . m..
Shipments
M ft. b . m..
Lower Michigan hardwoods:
Production
M ft. b . m..
Shipments
M ft. b . m..
Stocks, end of m o n t h . . .
M ft. b . m_.
* See p. 22 of this issue for previous data.
+1.4
+2.1
-2.0
-9.2
2,921
2,967
11,739
2,335
3,234
2,824
12,149
3,127
6,282
3,376
2,548
13,037
2,158
5,395
3,063
2,687
13,264
2,628
5,389
2,585
2,762
13,179
2,807
5,491
11,810
3,621
7,591
2,606
3,303
11,103
2,564
7,574
2,549
3,515
2,709
2,255
2,131
2,441
2,117
-5.5
+.7
4,558
4,386
-3.8
2,814
3,166
3,035
3,646
2,656
3,615
2,416
3,041
2,014
3,229
2,088
2,260
2,361
1,927
-16.6
-14.7
+67.6
4,449
4,430
-.4
15,488
27,623
15,469
24,556
20,707
19,269
37,543
24,164
38,053
25,178
40,162
28,472
5,388
7,348
33,532
5,124
6,344
21,350
4,996
5,895
30,902
7,934
8,147
30,821
9,135
8,024
40,804
7,546
37,409
2,417
-15.6
-16.4
+18.7
+9.5
+6.8 -27.5
5
+1.9
+6.2
35
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumukitives shown are through February.
Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
November
1928
December
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
January February
January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
+12.1
+12.5
+13.4
+13.3
+15.9
+13.7
+32.8
+46.4
+34.2
+12.1
-33.6
-10.1
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927
1927
1928
+7.1
+3.5
4,315,132
332,304
4,491,392
+3.5
9,142
9,577
+4.1
+19.8
+4.8
LUMBER PRODUCTS—Continued
Hardwood Lumber—Continued
All hardwoods:
Total stocks, end of month—
Total hardwoods
_.M ft. b. m_. 873,696 889,772 930,398
Gum.
M ft. b. m.. 237,395 241,868 263,649
Oak
Mft. b. m.. 318,944 321,900 331,362
Unsold stocksTotal hardwoods...
_M ft. b. m.. 697,288 705,678 740,914
Gum
_
M ft. b. m... 180, 899 184,015 197,437
Oak
M ft. b. m_. 259,794 259,053 272,082
Unfilled ordersTotal hardwoods
M ft. b . m.. 204,701 214,616 225,388
68,494
70,282
83,126
Gum
M ft. b. m..
65,499
65,343
Oak.
M ft. b. m_
93, 000
87,000
75,000
Production (computed)
M ft. b. m .
83,000
77,000
69,000
Shipments (computed)
M ft. b . m_
87, 000
79,000
76,000
New orders (computed)
M ft. b. m_
Total Lumber
Production, 10 species
M ft. b. m_ 2,374,882 2,358,209 2,085,371
171,074
167,986
Exports, planks, joists, etc
M ft. b. m .
Retail yards, Minneapolis district:
16,247
12,554
4,742
Sales
M ft. b. m_
80,397
74,658
Stocks, end of month
__M ft. b. m .
80,690
Composite lumber prices:
40.02
39.04
39.74
Hardwood
dolls, per M ft. b. m_,
31.77
Softwoods
dolls, per M ft. b. m_
28.29
26.84
Flooring
Maple flooring:
Production..
M ft. b. m .
Shipments
M ft. b. m_
Stocks, end of month
M ft. b. m_,
New orders
__M ft. b. m .
Unfilled orders, end of month...M ft. b. m_
Oak flooring:
Production
_
M ft. b. m_
Shipments
__
M ft. b. m .
Stocks, end of month
M ft. b. m .
New orders
M ft. b. m .
Unfilled orders, end of month.._M ft. b. m .
Wooden Furniture
Grand Rapids district:
Unfilled orders, end of
month
.No. of days'production.
New orders
No. of days' productionShipments
No. of days' production.
Outstanding accounts, end of
month
No. of days'sales..
Cancellations
per cent of new ordersPlant operation
per cent of full time.
Piano benches and stools:
New orders (av. per
firm)
dollarsUnfilled orders, end of month
(av. per
firm)
dollars.
ShipmentsValue (av. per
firm)
dollars.
Quantity (total)
.pieces.
1,021,295 1,145,176
297,464
334,702
408,852
360, 590
238,364
304,723
862,624
228,621
304,766
| 805,780
I 219,301
296,720
912,816
254,192
337,262
698,475
168,645
252,811
663,146
162, 053
242,949
256,464
100,560
69>392
281,196
103, 092
78,296
232,338
83,627
59,143
84,000
84,000
90,000
230,731
79,605
68, 816
84,000
94,000
100,000
32,117,162 32,374,230 2,098, 788 2,216,344
239,145
158,909
178,697
153,607
+37.6
+56.9
+38.8
+9.6 +21.9
+2.5 +29.5
+12.8 +13.8
3 5,042
3 88,976
4,535
94,155
4,762
90,307
40.42
27.37
40.47
27.50
41.11
29.74
41.08
21.76
-.2
+5.8
+.1 - 1 . 5
+.5 +26.4
7,519
9,842
7,880
29,034
6,587
6,224
8,085
29,710
6,405
6,847
+2.4 -15.4
-5.0 -14.8
+1.4 - 2 . 0
-5.5 +20.4
+9.6 +46.5
18,730
15,965
14,865
14,141
-20.6
-11.4
29,118
7,712
10,034
12,992
15,873
+22.2
+7.9 +8.9
+5.7 +15.2
+.6 +18.1
-32.9 - 7 . 6
-6.4 - 5 . 1
70,816
66,854
74,718
78,312
+5.5
+17.1
76,630
90,051
+17.5
131
177
247
-4.8
+88.5
-32.9
-39.4
-15.4
-21.2
+15.3
1,248,763
1,399,724
1,091,901
850,433
881,210
898, 571
-31.9
-37.0
-17.7
-6.1
1,049
703
3 4,380
s 94,357
10,558
8,124
26,837
7,493
8,202
8,073
7,238
27,610
6,233
7,843
7,820
6,797
29,527
8,736
7,346
7,252
28,721
8,161
9,154
38,540
38,349
67,244
35,716
22,764
33,389
30,998
69,449
31,425
24,080
32,113
29,266
74,773
34,715
27,887
35,947
38,080
82,239
53,888
45,925
38,771
40,232
82, 758
36,163
42,975
35,215
31, 929
70, 629
37,497
41,061
35,601
34, 925
70,090
39,133
45, 275
29
13
23
44
40
23
42
23
25
57
46
25
49
39
25
-4.5
-42.5
+8.7
-14.3
-41.0
0
13.0
99.0
55
32.0
99.0
55
7.0
54
13.0
94.0
52
6.0
55
14.0
100.0
-1.8
+85.7
-1.1
-1.8
-7.1
-6.0
12,291
7,784
Plywood and Veneer
Plywood:
2,773
2,245
2,114
New orders
thous. of sq. ft. of surface2,469
3,219
3,711
3,424
3,516
Shipments..
thous. of sq. ft. of surface..
3,219
2,575
2,991
Unfilled orders, end of
3,502
month
...thous. of sq. ft. of surface..
2,765
2,719
3,587
2,863
3,591
Rotary-cut veneer:
101
102
94
Receipts
number of carloads..
80
97
116
70 +21.3
79
Purchases
number of carloads..
132
115
59
72
-12.9
Barrel Headings
Circled headings for wooden barrels:
Production (rough).
..sets.. 480,438 753,053 585,774 353, 674 496,759
508,827
739,936 +40.5
Shipments (finished)
sets.. 831,402 871,742 619,607 407,094
474,116
617,160
782, 564 +16.5
New orders (finished)
.sets.. 746,657 226,918 698,474 456,145
442,426
568,835
523,066
-3.0
Unfilled orders, end of month
sets.. 1,175,241 1,064,723 1,079,508 1, 037,375 1,428, 571 1,993, 216 1,812,076 +37.7
Stocks on hand, end of month
sets.. 3,396,865 3,203,704 3,205,147 3,341, 371 3, 500,000 2,924,016 3,035,957
+4.7
+38.6
+59.7
41
24
30
58
11.0
100.0
14,395
5,331
12,935
17,401
4,883
1,803
12, 667
16,661
10,338
13,072
95.0
98.0
7,043
8,427
2,851
5,918
7,617
3,490
7,259
9,347
8,580
2,921
8,255
10,601
STONE, CLAY, AND GLASS PRODUCTS
Clay Products
Face brick, averages per plant:
Production
thousands..
Shipments
_
thousands..
Stocks, end of month
thousands..
Unfilled orders, end of month..thousands..
Common brick:
Stocks, end of m o n t h Burned
thousands..
Unburned
thousands..
Shipments
thousands..
Unfilled orders, end of month ..thousands..
Plants closed down
number..
Price, red, New York
dolls, per thous..
3 Revised.
724
2,679
801
723
622
2,777
783
626
368
2,832
730
402
2,958
761
561,367
169,238
214,169
182,462
71
11.75
91,424
187,448
211,961
70
11.75
504,836
76,601
168,282
224,825
77
11.25
517,897
68,611
131,338
219,233
91
12.75
526
447
3,037
844
282
2,409
727
560
421
2,767
871
+9.1
+11.2
+2.7
+10.9
+6.2
+9.8
-3.1
13.50
462,565
58,331
93,806
324,837
68
17.00
487,217
62,455
115,013
335,223
78
17.00
+5.9
-20.6
1,008
849
+20.8
36
TREND OF BUSINESS MOVEMENTS—Continued
1938
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
TOTAL
PER CENT IN- CUMULATIVE
FROM JANUARY I
CREASE ( + ) OR
THROUGH
FEBRUDECREASE (—)
ARY 28
1927
Novem- Decem- January February January February
ber
ber
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
Per ct.
increase
(+)
or decrease
(-)
cumulative
1928
from
1927
1927
1928
346,069
547,507
731,727 +111.4
486, 789 - 1 1 . 1
STONE, CLAY, A N D GLASS
PRODUCTS-Continued
Clay Products—Continued
Porcelain plumbing fixtures:
Net new orders
._
pieces.
Shipments
_
piecesUnfilled orders, end of month
.pieces.
Stocks, finished glost, end mo
pieces.
Vitreous china plumbing fixtures:
New orders
_
pieces.
Shipments
pieces.
Unfilled orders, end of month
pieces.
Stocks, end of month
pieces.
Floor and wall tile:
Production
thous. of sq. ft.
Shipments, quantity
thous. of sq. ft.
Shipments, value
thous. of dolls.
Stocks, end of month
thous. of sq. ft.
Terra cotta, new orders:
Quantity
net tons.
Value...
thous. of dolls.
Sand lime brick:
Production
thousandsShipments b y rail..
thousands.
Shipments b y trucks
thousands.
Stocks, end of month
thousands.
Unfilled orders, end of month..thousands.
14,065
19, 582
29,455
29,044
29,998
6,024
12,242
21,925
33,353
227,896
245,725
307,240
500,868
3 167,993
3 180,498
3 294,73 i
3 527,920
3 227,351
3189, 502
3 332, 584
3 557, 293
5,877
5,242
1,975
11,991
5,018
4,321
1,638
12,687
4,511
3,641
1,550
13,175
11,907
1,049
11,134
1,008
9,898
836
10,850
949
18,928
5,134
13,623
14,423
15,318
18,086
6,558
11,833
13,468
14,845
13,912
4,189
17,174
18,105
13,141
5,960
1.683
14,939
16,251
13,953
13,239
22,639
33,552
3 237,829
3 240,931
3 329,482
3 544,461
245,858
577,522
538,965
281,896
497,700
558,121
145,081 +107.7 +240.2
265,611
+2.0
-7.4
377,170 +75.3 +53.1
544,631
-1.0
-l.o
5,514
4,331
1,648
10,010
5,129
4,351
1,658
11,032
10,284
1,040 |
9,851
1,138
18,538
14,772
312,789
3 4,945
3 7,024
3 15,867
314,830
10,921
3,738
6,204
16,920
12,625 i
I
8,307
3,824
5,378
16,455
17,908
7,993
887
9,577
5,185
6,418
13,215
12,580
14,449
11,619
16,022
6,374
1.683
11,999
6,200
21,821
7,599
1.683
3 9,766
3 6,540
3 25,175
9,629
1.683
8,785
6,559
27,339
12,232
1.683
8,258
5,968
22,914
9,989
1.713
7,377
6,731
23,563
11,943
1.683
+.3 -2.6
+8.6 +16.0
+27.0 +2.4
9,800
5,527
7,984
5,102
6,542
4,657
5,902
4,103
7,464
5,615
4,236
2,656
4,391
2,336
+26.5 +70.0
+36.9 +140. 4
29,206
1,151
9,466
29,712
1,104
8,879
17,886
758
8,517
10, 728
458
8,480
8,209
340
8,267
8,115
508
9,839
5,385
491
9,599
-23.5
-25.8
-2.5
+52.4
-30.8
-13.9
13,500
999
19,438
18,937 ! +40.3
798 - 2 0 . 1
16,747 - 1 3 . 8
8,703
8,573
7,446
8,205
10,093
8,484
9,790
+23.0
+3.1
18,274
18,298
+.1
1,969
66.3
2,314
2,054
8,681
5,878
2,045
68.5
2,574
1,928
9,043
6,049
2,224
74.6
2,474
1,724
9,616
6,551
2,207
76.9
2,032
71.3
2,725
1,803
10,274
6,541
1,942
70.8
2,838
1,867
11,219
6,646
-5.5
-5.5
-3.8
+7.4
+2.7
3,974
4,292
+8.0
1,958
10,140
6,327
2,085
72.7
2,577
2,113
10,633
6,370
-9.2
+13.2
-5.2
-4.2
5,563
3,670
5,257
4,071
-5.5
+10.9
3,814
50.6
44.0
45.2
1.4
3.8
3,454
47.8
40.2
40.7
1.3
4.1
2,353
33.2
32.9
36.7
1.0
4.0
3 2,685
34.8
39.7
36.5
1.2
4.2
2,936
40.6
38.1
36.9
1.4
4.3
2,948
35.6
35.5
40.5
.6
3.7
2,620
37.2
48.2
40.7
1.1
3.6
+9.3 +12.1
+16.7 +9.1
-4.0 -21.0
+1.1 -9.3
+16.7 +27.3
5,568
5,621
+1.0
1,386
1,140
-17.7
-5.2
+28.7
17,844
2,025
21,134
1,989
+18.4
-1.8
-14.6
-24.4
-11.7
+6.6
+14.0
-27.9
-3.3
+28.0
17,884
9,009
11,796
23,710
8,683
13,228
+32.6
-3.6
+12.1
-10.0
+19.1
15,635
12,699
18,551
13,099
+18.7
+3.1
0
0
8,627
4,992
13,366
9,718
+54.9
+94.7
+9.6 +17.2
-14.9
+.4
Portland C e m e n t
Production
thous. of bbls.
Shipments
thous. of bbls.
Stocks, end of m o n t h . . .
. . . t h o u s . of bbls.
Stocks, clinkers, end of month*..thous. of bbls.
Wholesale price, composite
dolls, p e r b b l .
Highways
Concrete pavements, new contracts:
Total..
thous. of sq. y d s .
Roads
thous. of sq. y d s .
Federal-aid highways:
Completed—
Cost
thous. of dolls.
Distance
miles.
Under construction, end of m o n t h . _miles.
Plate Glass
Production, polished
thous. of sq. ft_ _
Glass Containers
Actual production:
Quantity.
.thous. of gross..
Relation to capacity
_
per cent..
New orders
thous. of gross..
Shipments
thous. of gross..
Unfilled orders, end of month..thous. of gross..
Stocks, end of m o n t h . .
thous. of gross..
+7.9
+4.9
+.7
I l l u m i n a t i n g Glassware
Production:
Total.
number of turns..
Ratio to capacity
per ct. of capacity..
New orders
per ct. of capacity..
Shipments
.per ct. of capacity..
Unfilled orders, end m o . . n o . of weeks' supply..
Stocks, end of month
no. of weeks' supply..
+2.4 I +19.4
CHEMICALS A N D OILS
Chemicals
Sulphuric acid:
519
867
541
417
560
580
474
Exports..
thous. of lbs..
+3.6 - 3 3 . 1
.75
.75
.78
.75
.76
Price, wholesale
dolls, per 100lbs..
+4.0
.78
.78
Nitrate of soda:
47,240
33,578 +107.1 +331. 0
55,154
67,091
66,546
Imports
long tons..
69,867 144,716
Production in C h i l e 79,151
74,253
-2.6 +218. 6
Quantity
metric tons.. 189,200 210,000 233,849
236,600
+1.6 +125.0
242,800
25
28
62
56
Units reporting
number of plants..
46
+6.7 +83.6
30,189
18,394
16,227
17,039
27,884
Potash, imports
long tons..
63
62
Superphosphate (acid phosphate):
33,774 •275,908 276,221
31,646
340,411 342,400 1 350,587
Production...
..short tons.
32,190,543 2,179,513
358,008
Stocks, end of month
. . . s h o r t tons.. 1,580,756 1,806,877 1,995,954
3 78,712
3 79,885 2,196,707
Shipments
short tons.
Fertilizer:
53,924
75,260
109,447
74,955
67,678
80,319 101,540
-14.5 -32.6
Exports
long tons.
Consumption in Southern
111, 190
95,605
96,672
1,113,569
'
526,771
157,858
+33.1
+84.6
States
short tons.
87,632
Dyes and dyestuff, exports:
87,965
3 836,610
121,075
+15.5
227
+9.1
276
422
Vegetable
..thous. of lbs.
603,343
253
377
359
-3.5
2,222
Coal tar
thous. of lbs.
2,848
1,865
2,951 +66.1
1,920
239
1,838
*1,715
See p . 21 of the March, 1928, issue for earlier data.
• Revised.
80,818
153,404
"48,~583
214,583 +165. 5.
479,400 +212. 5
~~65,~426~
+34:7
178,868
162, 587
1,363,381
1,716,912
+25. &
480
4,816
516
4,563
+7.5
-5. a
-9.1
37
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
1938
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
October
November
December
1,004
1,260
1,269
1,326
1,125
1,375
1,158
1,407
1,414
2,725
1,147
2,387
937
2,321
822
2,255
782
2,101
827
2,496
913
810
2,251
207
123
206
126
201
128
130
209
157
203
126
204
125
160
112
134
169
112
133
169
112
128
169
112
130
112
'122
155
114
128
155
113
137
0
0
-6.2
-.9
-10.9
14,181
1,200
12,667
1,046
-5.2
-1.6
+4.3
10,067
509
January February
January February
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increase
(+)
or decrease
(-)
1927
1938
cumulative
1928
from
1927
CHEMICALS A N D OILS—Continued
Arsenic
Crude:
Production
_
short tons_.
Stocks, end of month
short tons..
Refined:
Production
short tons..
Stocks, end of month
short tons..
Price index numbers:
Crude drugs
rel. to Aug., 1914..
Essential oils
rel. to Aug., 1914..
Drugs and pharmaceuticals
rel. to Aug., 1914..
Chemicalsrel. to 1913-14..
Oils and fats....
rel. to 1913-14..
+.5 +2.5
+20.8 +25.6
+9.0
Wood Chemicals
Acetate of lime:
Production13, 519 3 12,802 3 12,396
11,757
13,912
United States
. . . t h o u s . of l b s . .
1,105
1,091
1,186
1,109
1,091
Canada
..thous. oflbs..
Shipments—
13,611 3 12,344 3 11,038
United States
thous. of l b s . .
16,959
395
1,462
Canada
__thous. of l b s . .
507
3 831
Stocks, end of month—
19,656
United States
. . . t h o u s . of lbs._ '16,409 3 16,133 3 16,110 3 17,316
2,462
3,459
Canada
thous. of l b s . .
1,560
2,840
1,283
2,078
1,760
Exports.
. . . t h o u s . of l b s . .
676
1,630
915
3.50
3.50
3.50
3.50
Price, wholesale
dolls, p e r c w t . .
3.50
Methanol, crude:
Production—
United States
gallons.. 643,491 662, 505 3 638,068 3 643,676 597,215
49,107
45,659
47, 750
48,179
47,234
Canada
gallons..
Stocks at crude plants, end of m o n t h United States
_.
gallons.. 375,965 365,584 3 354,920 3 350,798 374,324
50,299
39,414
33,414
39,249
Canada
._
gallons..
46,158
Stocks at refineries and in t r a n s i t United States
_
gallons.. 1,181,225 1,407,745 1,165,544 1,126,152 1,132,377
43,458
55,298
31,987
56,104
27,995
Canada
_
_
gallons..
39,369
42,871
57,983
48,624
33,384
Exports
.gallons..
Wood at chemical plants:
Consumption64,460
United States
cords. .
73,219
70,855 3 67,291 3 67,909
5,937
5,700
5,640
Canada
._
cords..
5,121
5,858
Stocks, end of m o n t h United States.
cords.. 595, 591 589,605 3 560, 500 3 555,768 556,735
75,124
74,942
71,695
74,734
Canada.
.cords..
74,440
Daily capacity—
3,329
3,323
Total
..cords..
3,339
3,323
3,293
145
Shutdown
cords..
3 226
145
261
3 249
Methanol, refined:
Production529, 552 470, 969 496, 073 390,099
United States
gallons..
38,600
41,000
44,850
Canada
_
gallons.6,700
38,700
Stocks, end of month—
419,812
455,316 467, 723
United States
..gallons.. 396,137 452,246
32,854 3 34, 752
33,044
29,198
Canada
gallons..
26,443
Shipments—
3 626,643 506,310 482,666 407,351
United States..
gallons..
"",986
" 629
16,937
Canada
gallons..
17,775
.45
.48
.53
.48
Price, wholesale, N . Y
..dolls, per g a l . .
.48
24,153
2,210
-10.0
-1.6
1,338
-7.2
+96.8
2,130
3,390
+59.2
1,486,056
96, 026
1,240,891
92,893
-16.5
-3.3
27,238
76,255
+180.0
149,205
11,402
132,369
11,499
-11.3
785, 927
72,360
886,172
83,550
+12.8
+15.5
+20.7
+17.9
-45.8
711,958
56,553
890,017
53,761
+25.0
-4.9
-7.2
26,848
2,246
10,184
171
-5.7
-13.0
-39.0 +196. 5
20,251
19,910
2,187
1,630
3.50
22,422
2,988
500
3.50
+13.5 -12.3
+21.8 +15.8
+8.0 +252. 0
0
0
805,473
49,885
680,583
46,141
-7.2
-3.3
-12.2
-1.3
397,999
48,446
340,847
45,984
+6.7
+17.6
+9.8
+.4
341,444
15,913
11,012
613,939
19,657
16,226
+.6 +84.4
- 1 . 4 +181. 3
+28.4 +164.2
80,233
68,972
5,306
-5.1
-3.7
-6.5
+6.3
500,818
34, 872
473,346
32, 539
+17.6
+129. 7
3,553
155
3,555
155
+.2
+.4
+.9
+4.8
480,448
35,290
305,479
37,070
-21.4
+16.0
+27.7
+21.0
436,656
58,596
426, 736
64,719
+2.7
+13.2
+9.6
-48.9
374, 530
26,037
.83
337,428 -15.6
30,516 +102. 5
-6.2
.83
+.9
-6.5
+68.4
Ethyl Alcohol
Production
thous. of gals..
Withdrawn for denaturization...thous. of gals..
Warehouse stocks, end of month .thous. of gals..
16, 584
17,759
7,931
18,051
17,329
8,211
19,502
18,760
8,158
13,050
10,098
9,463
11,220
9,061
10,120
13,235
8,907
3,563
10,324
9,152
9,842
-14.0
-10.3
+8.7
-1.0
23,559
18,059
24,270
19,159
+3.0
+6.1
38,918
38,261
36, 747
17,807
34,695
34,645
32, 111
17,847
29,490
27,839
27,398
19,196
29,607
31,332
29,879
17,973
31,895
31,035
29,203
18,447
33,847
33, 726
33, 616
17,303
35,383
33,578
31,102
19,145
+7.7
-9.9
-7.6
-6.1
-3.6
69,230
67,304
64,718
61,502
62,367
59,082
-11.2
-7.3
-8.7
39,115
80,473
28,154
81,939
7,764
72,035
4,568
61,906
7,386
48,993
5,138
40,047
12,524
12,332
-1.5
.53
35, 795
77, 676
.51
.54
.60
.60
132,059
222,167
144,892
247,954
115,397
248,755
41,160
200,262
30,549
159,053
39,136
160,120
27,214
147, 635
66,350
71,709
+8.1
67,211
61,992
-7.8
+6.9
+2.8
Explosives
(Black powder, permissible, and other high
explosives)
Production
thous. of l b s . .
Shipments
thous. of lbs_.
New orders
thous. of lbs_.
Stocks, end of month
thous. of l b s . .
-0.9
-2.3
+2.6
Naval Stores
Turpentine (gum):
Net receipts, southern ports
barrels..
Stocks at ports, end of month
barrels..
Price, southern, in barrels,
New York
_
dolls, per gal..
Rosin (gum):
Net receipts, southern ports
barrels..
Stocks at 3 ports, end of month
barrelsPrice, common to good (B),
New York
dolls, per bbl_.
Rosin (wood):
Production
barrels..
Stocks, end of month
barrels..
8
Revised.
9.24
35,963 I
82,717 !
—41.2 | - 1 1 . 1
- 1 4 . 1 j +54.6
-20.0
.75
8.55
8.70
9.54
8.94
12.38
11.71
35,187
87,179
28,483
85,553
29,200
85,413
32,792
90,429
35,168
33,513
32,043
45,124
-25.8
-20. 6
+12.3
+7. 7
-6.3
-23.7
+12.3 +2.3
+5.9 +100.4
38
TREND OF BUSINESS MOVEMENTS—Continued
1928
1927
The cumulative8 shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
ct
CUMULATIVE TOTAL Per
inFROM JANUARY 1 crease
THROUGH FEBRUARY 28
or de-
crease
October
November
Decem- January
ber
February
5,291
12,869
5,771
10,631
5,645
10,477
7,053
5,531
6,587
7,314
192,141
588, 571
198, 646
605, 771
237,953
641,354
241,563
305,151
207,197
313,457
25,853
3,118
21,743
19,098
3,558
19,266
3,628
19,669
4,045
3,386
1,587
1,405
1,691
8,481
60,010
29, 582
9,405
59,870
26,872
49,811
5,178
6,967
51,953
19,681
29,339
32, 751
22,271
13,549
13,191
14, 009
27,461
26, 717
6,100
26,205
27, 729
27,624
26,327
483,281
605,206
992,049
January February
Feb.,
1928,
from
Jan.,
Feb.,
1928,
from
Feb.,
1927
-2.2
-1.4
-14.3
1927
1928
cumulative
1928
from
1927
CHEMICALS AND OILS-Continued
Naval Stores—Continued
Turpentine (wood):
6,820
6,901
Production
barrels..
13,385
Stocks, end of month
barrels.. 12,163
Pine oil:
Production
gallons.. 237,625 235,695
Stocks, end of month
gallons.. 588,778 561,363
Roofing
Roofing felt:
25,680
Production, dry felt
tons.. 27, 512
3,810
3,748
Stocks, end of month, dry felt
...tons..
Prepared roofing:
3,280
3,218
Shipments
thous. of roof squares..
Fats and Oils
Total vegetable oils and copra:
Exports
thous. of lbs..
6,484
5,307
Imports
thous. of lbs.. 55,387
68,589
23,422
Copra, imports
short tons.. 15,660
Copra or coconut oil:
30,095
Imports
thous. of lbs.. 22, 702
C onsumption in
oleomargarine
..thous. of lbs.. 12,286
12,373
Oleomargarine:
Production.
- -thous. of lbs.. 26,041
25,913
Consumption
thous. of lbs.. 26,823
26,256
Animal glues, shipments
thous. of lbs..
7,113
6,061
Cottonseed
Cottonseed:
848,706
1,282,625
Receipts at mills
short tons.. 876,630 782,681
Consumption (crush)
short tons.. 1,050,949 1,113,974
Stocks at mills, end of month..short tons..
272,547
Cottonseed oil, crude:
247,523
Production
thous. of lbs.. 146,567 165,069
Stocks, end of month
thous. of lbs..
Cottonseed oil, refined:
194,676
Production
thous. of lbs.. 310,330 415,833
Stocks, end of month
thous. of lbs..
Price, yellow, prime,
.106
.109
New York
dolls, per lb_.
Consumption in
2,260
2,228
oleomargarine
thous. of lbs..
Cottonseed cake and meal:
344,591
391,037
Production
short tons.. 186,997 205,008
Stocks, end of month,.
short tons..
53, 834
63,790
Exports
short tons..
Flaxseed
Minneapolis and Duluth:
Receipts...
thous. of bushs..
4,088
8,230
3,241
Shipments
thous. of bushs..
2,008
4,671
5,246
Stocks, end of month
thous. of bushs..
1,491
1,758
Imports
thous. of bushs..
Linseed oil:
9,253
13,202
Shipments from Minneapolis.thous. of lbs_.
.099
.099
Price, New York
dolls, per lb_.
Linseed cake and meal:
34,857
Shipments from Minneapolis.thous. of lbs.. 31,492
48,625
58, 522
Exports _.
thous. of lbs..
FOODSTUFFS
Wheat
Visible supply, end of month:
United States
thous. of bushs.. 94,607
96,468
Canada
thous. of bushs.. 62,492 121,009
Receipts, principal markets..-thous. of bushs.. 73,244
44,823
Shipments, principal markets.thous. of bushs.. 49,252
35,156
Exports:
United StatesWheat only
thous. of bushs.. 29,236
20, 731
Including wheatflour.thous. of bushs.. 36,045
CanadaWheat only
thous. of bushs..
52,805
19,430
Including wheatflour.thous. of bushs..
23,475
57,976
Prices:
No. 2, red winter, Chicago.dolls. per bush..
1.35
1.34
No. 1, northern spring,
cash Minneapolis
dolls, per bush..
1.264
1.275
Wheat Flour
Grindings of wheat:
United States (census)
thous. of bushs..
Canada
thous. of bushs..
Production:
United States, actual
(census)
thous. of bbls..
United States, prorated
(Russell)
thous. of bbls..
Canada
thous. of bbls.,
*Re vised.
44,882
9,656
13,640
11,416
-16.3
448,760
436,599
-2.7
-12.2
+15.2
-2.9
-12.0
38,935
40,841
+4.9
8,435
38,212
12,520
-5.0
-16.8
-80.7
+6.0
+30.4
-58.6
15,402
90,165
32,201
18,344
109,681
32,050
31,588
16,153
-32.0
55,022
3 9,680
19, 517
27,200
22,748
21,859
6,731
22,345
20,356
6,724
+37.9
+6.2 +44.7
+5.4 +23.6
- 5 . 1 +29.3
47,741
9,837
45,093
42,215
53,829
54,056
+19.1
+21.6
-.5
+15.3
+39.4
+19.4
+28.1
339,212
570,408
763,353
177,229
581,856
450,627
849,721,
489,955 1,035,766
473,340
686,786
818,715
-47.8
-21.0
-35.8
-62.6
-34.4
-40.2
1,055,196
1,536,507
516,441
1,021,035
-51.1
-33.5
192,057
157, 578
181,022
168, 519
144,658
159,302
250,386
175,190
205,051
155,430
-20.1
-5.5
455,437
325,680
-28.5
176,051
502,901
143, 378
538,257
138,231
566,832
205,929
395,022
201,217
460,491
-29.5
+2.5
-31.3
+5.3 +23.1
+2.2
-7.9
407,146
281,609
-30.8
.100
.101
.093
.085
.091
2,154
2,162
2,114
2,013
2,006
268,757
190,354
43,327
259,275
177,118
53,249
202,264
170,827
27,671
377,425
147,144
81,099
310,075
152,147
61,775
-22.0
-3.6
-48.0
-34.8
+12.3
-55.2
687,500
461,539
-32.9
"1427874
80,920
-43.4
1,079
2,035
3,997
1,029
925
576
3,212
1,181
457
2,668
1,264
787
540
2,372
2,237
515
418
2,073
1,327
-28.6
-20.7
-16.9
+28.2
+9.3
1,302
958
1,585
1,033
+21.7
+7.8
8,878
.096
13,023
.098
12,917
.098
.105
8,301
.104
-31.4
+44.4
22,581
53,999
27,056
44,367
28,540
53,532
20,682
61,103
18,488
54,322
+55.6
-5.8
+5.5 +54.4
+20.7 -1.5
90,506
147,506
26,522
19,440
82,368
152,560
23,542
14, 284
74,260
152,760
22,538
12, 771
59,731
116,613
24,595
13, 757
58,454
115,350
20,952
10,413
-4.3
-10.6
6,917
11,986
5,956
11,560
2,276
6,538
8,078
12,619
4,889
8,822
-61.8
-43.4
44,809
49,114
15,201
18,647
18,372
21,828
12,571
16,054
11,422
14,788
1.38
1.43
1.54
1.37
1.275
1.293
1.263
1.413
1.37
1.403
49,792
9,138
+43.2
+19.8 +14.8
+5.9 +104. 6
4,019
+7.0
3?
3,564
2,445
17,961
25,940
39,170
115,425
55,596
97,899
+41.9
+7.6
+22.6
45,547
24,170
46,079
27,055
+1.2
+11.9
-53.4
-25.9
12,967
21,441
8,232
18,098
+20.9 +60.8
+47.6
+17.1
+12.4
+7.7
-10.0
23,993
30,842
33, 573
40,475
-36.5
-15.6
+39.9
+31.2
-15.2
+27.0
+0.1 +32.4
-2.3
42,604
8,115
3 42,415
7, 246
40,908
6,737
39,354
6,819
36, 569
5,615
-3.6
-7.0
+11.9
+20.0
75,923
12,434
83,323
13,983
+9.7
+12.5
8,823
8,624
8,023
-3.4
+10.0
16, 647
17,955
+7.9
"1*464
9,676
1,496
8,996
1,231
-7.0
+18.9
2,727
3,043
+11.6
10,817
9,735
9,235
3 9,132
12, 540
2,005
11,337
2,120
10,877
1,677
10, 502
1,579
39
TREND OF BUSINESS MOVEMENTS—Continued
1928
1927
The cumulative* shown are through February. Earlier data for items shown
here map be found on pages 24 to 138
of the February, 1928, "Survey"
October
November
thous. of lbs.. 3 866,428
63
per cent..
thous. of bbls..
782,841
59
11,111
December
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
January February January February
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increase
or decrease
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
1927
1928
-2.8
+15.9
+3.8
1,300,317
1,467,283
+12.8
+8.4
+2.7
1,883
1,522
2,292
1,534
+21.7
+.8
5,758
+42.5
cumulative
1928
from
1927
FOODSTUFFS—Continued
Wheat Flour—Continued
Production, grain offal
Capacity operated, flour mills
Consumption (computed)
Stocks, all positions, end of
month (computed)
Exports:
United States
Canada
Standard patents,
Minneapolis
Winter straights,
Kansas City
745,242 »744,227
53
55
10,451
8,207
723,056
55
676,292
53
7,867
624,025
53
8,572
11,617
thous. of bbls..
thous. of bbls..
thous. of bbls..
6,800
6,100
7,150
7,500
7,080
1,126
957
1,245
766
947
1,009
774
874
748
-23.9
1,513
1,326
1,149
7,900
+.3
dolls, per b b l . .
7.23
7.15
7.10
7.45
7.37
7.46
7.42
-1.1
-.7
dolls, p e r b b l . .
6.54
6.58
6.56
6.70
6.66
6.55
6.54
-.6
+1.8
thous. of bushs..
Exports, including meal
thous. of bushs..
Visible supply, end month
Receipts, principal markets... thous. of bushs..
thous. of bushs..
Shipments, prin. markets
.thous. of bushs..
Grindings (starch, glucose)
Prices, contract grades, No. 2,
.dolls, per bush..
Chicago
538
21,847
18,448
9,665
«8,612
861
20,439
16,971
10, 256
8,064
1,206
28,390
37,088
16,064
6,301
1,661
30,078
36,001
19,551
8,330
4,097
43,582
44,126
22,705
8,339
.87
.87
13,914
25,182
11,961
24,429
672
10,733
22,982
724
10,495
21,519
.50
1,027
.51
1,110
.55
1,202
11,650
13,565
10,908
4,398
6,927
7,654
4,338
6,490
.82
.84
7,496
1,595
6,425
1.00
4,619
2,412
2,889
1.06
3,275
1,309
1.09
1,477
3,656
519
1.09
50,826
37,608
18,650
16,279
Corn
2,017
40,616
27,638
10,638
* 6,618
2,023 +146. 7 +102.5
47,792 +44.9
-8.8
24,667 +22.6 +789
8,500 +16.1 +165.1
» 6,510
+.1 +28.1
.95
.77
.76
11,667
20,634
499
14,377
46,890
614
10,053
44,625
321
.56
1,040
.58
822
.50
791
14,734
12,461
9,360
8,890
4,199
2,707
3,425
6,401
2,359
1,701
4,457
2,206
879
4,040
52,305
19,138
13,128
80,127 +53.2
42,256 +120.9
16,669 +27.0
24,430
22,162
-9.3
""'935'
1,337
+43.0
+25.5
+31.4
+6.7 +25.0
Oats
Receipts, principal markets..-thous. of bushs..
Visible supply, end of month-.thous. of bushs..
Exports, including meal
thous. of bushs..
Prices, contract grades,
Chicago
dolls, per bush..
Grindings, Canada
thous. of bushs..
Production, oatmeal and rolled
oats, Canada
thous. of lbs..
+11.2
-4.1
-40.5
+16.0
-53.8
+55.5
+3.6
-21.0
+20.8
+18.6
1,484
1,862
7,711
-24.9
+21.4
16,601
21,821
2,663
4,180
1,006
2,347
3,790
1,257
-30.4
-6.5
-48.3
+89.9
-41.8
-30.4
"~2,~263"
2,580
+14.0
.74
.78
1,333
4,078
458
1.12
1,281
12,591
804
1.02
2,156
13,655
591
1.05
-9.7
+11.5
-11.8
+2.8
-38.2
-70.1
-22.5
3,437
2,810
-18.2
~1~395
977
-30.0
12,471
17,060
13,014
-23.4
-4.2
30, 074
28,750
-4.4
+42.1
+26.9
426,395
383,255
-31.4
+11.5
-36.7
-16.6
877,780
127,380
791,506
111,564
-9.8
-12.4
Barley
Receipts, principal markets...thous. of bushs..
Visible supply, end mo
thous. of bushs..
Exports
thous. of bushs..
Price, fair to good, malting,
Chicago
dolls, per bush..
5,010
10,858 +116.7
+3.2 +23.1
Rye
Receipts, principal markets... thous. of bushs..
Visible supply, end mo
thous. of bushs..
Exports, including
flour
thous. of bushs..
Price, No. 2, Chicago
dolls, per bush..
+6.7
Total Grains
Total grain exports, incl. flour.thous. of bushs..
Rice
1,266,278 831,033 853,581
Southern paddy, receipts at mills
bbls.. 1,719,740
Shipments:
1,200,174 1,162,603 1,006,759 1,118,120
Total from mills
..pockets (100 lbs.
239,453
232,725 234,740 158,323
New Orleans
pockets (100 lbs. 2,247,038 2,409,940 2,290,857 2,106,310
Stocks, end of month
pockets (100 lbs.
160,871 267,294 469,435
203,350
Exports
pockets (100 lbs.
52,744
54,723
22,808
21,888
Imports
pockets (100 lbs.
Other Crops
Apples:
Cold-storage holdings,
end of month
-thous. of bbls.
5,307
6,845
5,992
7,831
Car-lot shipments
..carloads.
5,305
5,881
31,612
16,607
Potatoes, car-lot shipments
carloads.
13,206
19,665
37,410
20,318
Onions, car-lot shipments
carloads.
2,234
3,114
5,754
2,924
Citrus fruit, car-lot shipments
carloads.
12,123
9,057
5,618
7,487
Hay, all tame, receipts
tons.
51,806
55,161
63,009
817,939
1,120,252 877,798
249,175 177,220
224,932
2,095,911 1,957,608
322,071
508,885
58,820
70,562
56,818
3,704
4,913
22,258
2,470
8,735
62,673
7,335
7,827
17,408
2,797
11,725
5,114
7,883
17,314
2,018
10,855
56,938
-30.2
-7.4
+13.2
-20.7
-3.6
-.5
-27.6
-37.7
+28.6
+22.4
-19.5
+10.1
15,710
34,722
4,815
22,580
135,026
10,218
41,923
5,584
17, 792
125, 682
-34.0
+20.7
+16.0
-21.2
-6.9
1,771
660
234
1,080
1,516
552
194
961
1,832
657
205
1,136
1,555
537
175
1,012
-14.4
-16.4
-17.1
-11.0
-2.5
+2.8
+11.0
-5.0
3,387
1,194
380
2,148
3,287
1,212
428
2,041
-3.0
+1.5
+12.6
403,660 387,750
394,808 »393,945
974
1,097
370,385
379,507
935
443,918
448,614
1,975
401,482
407,852
1,748
-4.5
-3.7
-4.0
-7.7
-6.9
-46.5
845,400
856,466
3,723
758,135
773,452
1,909
-10.3
-9.7
-48.7
Cattle and beef
Cattle movements, primary markets:
Receipts
.—thousands.
Shipments, total
thousandsShipments, stocker and feeder, .thousands.
Local slaughter
thousands.
Beef products:
Production, inspected
thous. of lbs.
Apparent consumption
thous. of lbs.
Exports..
thous. of lbs.
Cold-storage holdings,
end of month
thous. of lbs
Prices:
Cattle, corn-fed, Chicago.dolls. per 100 lbs.
Steer rounds No. 2
dolls, per l b .
Western dressed native steers,
New York..
dolls, per l b .
* Revised.
2,635
1,259
675
1,291
2,346
1,156
615
1,240
475,455
474,078
1,165
459,364
443,800
1,085
43,916
65,345
76,947
3 71,651
63,703
95,254
88,020
-11.1
-27.6
14.33
.190
15.94
.190
15.50
.196
15.80
.220
14.78
.200
10.30
.145
11.06
.150
-6.5
-9.1
+33.6
+33.3
.225
.234
.238
.230
.230
.178
729
319
980
+31.4
-5.0
40
TREND OF BUSINESS MOVEMENTS—Continued
November
December
3,039
1,137
78
1,883
3,666
1,284
113
2,382
4,209
1,485
95
2,745
497,128
615,065
596,842
603, 579
67, 764
793, 789
594,140
87,955
465,976
578,280
October
1927
1923
1927
The cumulatives shown are through February.
Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
January F bruary
January February
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
Per ct.
increase
(+)
or decrease
(-)
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
-.7
-2.1
-2.6
+59.2
+37.6
-20.2
+72.3
7,560
2,842
193
4,700
10, 573
3,659
152
6,900
+39.9
+28.4
+67.2
+44.2
+47.4
1,392,213
1,010,457
159,284
1,953,015
1,318,818
208,074
+40.3
+30.5
+30.6
109,726
150, 532
+37.2
-3.6
-36.7
+10.8
1927
1928
cumulative
1928
from
1927
FOODSTUFFS—Continued
Hogs and Pork
i
Hog movements, primary markets:
Receipts
thousands
Shipments, total
. -thousands
Shipments, stocker and feeder _ .thousands
Local slaughter
thousands
Pork products, total:
Production, inspected
thous. of lbs.
Apparent consumption
thous. of lbs.
Exports
_.thous. of lbs
Cold-storage holdings, total,
end of month
thous. of lbs.
Fresh and cured in storage,
end of month
thous. of lbs.
LardKincluded in pork products):
Production..
thous. of lbs.
Exports
thous. of lbs.
Cold-storage holdings,
end of month
thous. of lbs.
Prices:
Hogs, heavy, Chicago
dolls, per 100 lbs.
Hams, smoked, Chicago
dolls, per lb.
Lard, prime contract, N. Y..dolls, per lb.
72,251
539,240
5,306
1,849
77
3,443
5,267
1,810
75
3,457
4,252
1,527
99
2,694
3,308
1,315
94
2,006
935,467 1,017, 548
643,150
3 675,668
109,280
98, 794
1,005,094
3 739,645
883, 740
a 655, 638
190, 557
79,872
70, 660
783, 758
564,328
85,134
608.455
446; 129
419,822
523,425
110, 525
49, 636
155,157
62,855
46,154
54,855
3 84,007
11.06
.233
.130
9.47
.220
.125
8.58
.214
.120
3,587
2,413
1,560
1,148
1,896
988
497
950
46,188
45,855
-4.8
74,150
+10.6
748,777
+35.9
658, 647
589,071
154, 592
59,842
671, 674
119,715
49,884
121,354
69, 576
77,103
8.32
.212
.124
8.03
.210
.116
11.97
.269
.129
11.64
.273
.128
1,609
723
174
896
1,705
705
116
994
1,667
729
101
945
1,740
819
207
921
1,496
669
136
42, 354
41,877
44, 660
44, 246
47,081
3 47,055
44, 057
44,438
44,161
44,292
40, 510
40, 943
2,958
3,790
4,408
3 4, 404
4,010
4,447
5.25
13.87
5.47
13.58
5.63
13.01
6.05
12.65
8.16
15.13
6.41
12.47
49, 235
52,227
61,420
3 64, 219
71,489
61,791
59, 230
467,119
92,860
50,355
72,121
+.4
+8.8
-21.2
+46.8
+34.2
+31.6
+34.8
+13.0 +60.1
+44. 5 +57. 4
-3.5
-.9
-6.5
-31.0
-23.1
-9.4
-2.2
—12.9
-4.9
+3.4
+11.4
+9.0
-25.7
+14.0
3,236
1,488
343
1,750
3,372
1,434
217
1,939
-6.4
-5.6
+8.8
+8.5
84, 671
85,235
91,138
91,493
4,074
-8.9
7.78
13.24
+34.9
+19.6
-1.6
+4.9
+14.2
Sheep and L a m b
Sheep movement, primary market:
Receipts
_
thousands.
Shipments, total.
thousands.
Shipments, stocker and feeder..thousands.
Local slaughter...
thousands.
Lamb and mutton:
Production, inspected
thous. of lbs.
Apparent consumption
thous. of lbs.
Cold-storage holdings,
end of month
thous. of lbs.
Prices:
Sheep, ewes, Chicago
dolls, per 100 lbs
Sheep, lambs, Chicago...dolls, per 100 lbs.
+4.2
+7.6
+7.3
Miscellaneous Meats
Cold-storage holdings, end mo---thous. of lbs.
Total Meats
1,018,772 1,098, 559 1,242,109 1,370,298 1,431,989 1,271,850 1,050,446
Production, inspected
thous. of lbs
721, 055 3 879,919 1,144, 296
635,349
587,338
820,139
900,101
Cold-storage holdings, end mo.--thous. of lbs. 1,134,997 1,089, 256 1,033,194 31,116,668 1,067,095 1,057,234
894,924
Apparent consumption..
thous. of lbs.
+11.3 +20.7
+4. 5
+30. 0
-4. 4
+36. 3
+27.1
+19. 2
2,322, 296
2,802,287
+20.7
1,952,158
2,185,477
+12.0
46,653
50,204
+7.6
37,489
33,160 ! - 1 1 . 5
PoultryReceipts at 5 markets
thous. of lbs.
Cold-storage holdings,
end of month
thous. of lbs.
Fish
Total catch, prin. fishing ports..-thous. of lbs
Cold-storage holdings,
15th of month
.
thous. of lbs
Canned salmon:
Shipments, United States
cases.
Exports, Canada
cases
29,103
61, 370
29,347
20,857
27, 704
18,949
-28.9
+10.1
52,315
85,030
117,490 I 3 118,154
103,550
144,076
129,510
-12.4
-20.0
70,350
27, 385
21,096
3 14,051
14,300
18,860
18,140
19,349
+31.9
-2.5
65,960
66,790
64,787
3 53,921
44,515
58,655
48,684
-17.4
-8.6
791,856
120,446
377,951
209,358
349,112
254,394
95,921
168,946
79,760
482,140
106,146
490,107
66,467
-52.8
+20.0
172,613
248,706
+44.1
thous. of lbs
thous. of lbs.
149, 785
38,301
86,238
33, 607
88,164
103,861
33,687
42,271
96, 768
41,140
93,912
37,705
91,574
38,375
-6.8
-2.7
+5.7
+7.2
185,486
76,080
200,629
83,411
+8.2
+9.6
thous. of lbs.
thous. of lbs.
dolls, per lb.
118,679
178,353
159,106
.50
46,289
163,244
.52
28, 273
159, 687
.49
14,410
143,844
.47
17,952
145,906
.50
7,952
135,997
.52
-49.0
-9.9
-4.1
+81.2
+5.8
281,903
303, 531
+7.7
32,862
18,995
48,793
20,511
14,279
36,022
21,186
13,826
35,335
24,033
14,409
37,408
24,033
13,716
36,618
26,250
12,706
36, 616
26,609
14,916
36,145
0
-4.8
-2.1
+1.3
-9.7
-8.0
52,859
27,622
72, 761
48,066
28,125
74, 026
-9.1
+1.8
+1.7
77,603
8,441
211
70,735
8,976
321
16,072
64,035
7,474
211
8,878
55,862
5,347
257
1,324
48,795
5,303
208
1,148
62,136
5,608
356
3,209
54,072
4,788
370
3,404
12.7
-.8
19.4
13.3
+10.8
-43.8
-66.3
10,39P
726
6,613
10,650
465
2,472
-36.0
-62.6
53,447
.27
47,765
.29
» 41,793
.29
36,719
.24
46,026
39,382
.26
-12.1
-17.2
-6.8
-7.7
Butter
Production (factory)
Receipts, 5 markets
Cold-storage holdings, creamery,
end of month
Apparent consumption
Wholesale price, New York
Cheese
Total, all varieties:
Production (factory)
thous. of lbs.
Receipts, 5 markets.
thous. of lbs
Apparent consumption
thous. of lbs.
Cold-storage holdings,
end of month
thous. of lbs.
Imports
_
thous. of lbs
Exports, United States
thous. of lbs
Exports, Canada
thous. of lbs
American whole milk:
Cold-storage holdings,
end of month
_
thous. of lbs
Wholesale price, New York..dolls, per lb
s
Revised.
20,944
59, 035
-9.6
+2.4
41
TREND OF BUSINESS MOVEMENTS—Continued
1938
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
November
December
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
January February January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
+53.1
+12.2
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY^
1997
1928
Per ct.
increase
or decrease
cumulative
1928
from
1927
FOODSTUFFS-Continued
Eggs
Receipts, 5 markets
__.thous. of cases..
Cold-storage holdings, end of month:
Case
thous. of cases..
Frozen
thous. of lbs.
704
603
862
1,320
970
5,485
62,066
2,956
54,703
47,020
3 26
» 38,575
65
31,355
253
31,207
92 +150. 0 -29.3
26,053 -18.7 +20.4
35,932
14,956
29,155
12, 362
24,820
3 8,310
20,521
8,457
17,912
7,485
16, 594
8,303
12,418
7,782
-13.1
-11.5
+44.2
-3.8
30,535
5,970
2,760
6.00
24,919
5,521
2,981
6.02
19,048
»4, 656
2,345
6.00
15,151
5,216
3,819
6.00
12, 534
5,081
2,645
5.98
11,296
3,388
2,694
5.63
7,054
3,619
2,853
5.72
-17.3
-2.6
-30.7
-.3
+77.7
+40.4
-7.3
+4.5
205, 587
166,187
140,133
118,444
93,458
54,888
49,940
-21.1
+87.1
183,239
5,130
4.58
149,397
4,662
4.59
117,115
4,532
4.57
95,120
7,360
4.58
65,470
7,531
4.46
19,084
5,554
4.50
10,150
4,331
4.50
-31.2 +545.0
+2.3 +73.9
-2.6
112,651
131,323
117,012
119,142
1,176
2,146
2,182
+1.7
5,547
6,464
+16.5
9,885
14,891
+50.6
+10.2
236,154
234,170
-.8
+5.6 +31.2
+39.0 +29.1
-12.3
+1.5
522
7,782
564
9,159
+8.0
+17.7
Milk
Condensed milk:
Manufacturers' total stocks
(end of month)—
Case goods.
_
thous. of lbs..
Bulk goods
.thous. of lbs..
Manufacturers' unsold stocks
(end of month)—
Case goods
thous. of lbs..
Bulk goods
thous. of lbs_.
Exports
thous. of lbs..
Wholesale price, New York.dolls. per case..
Evaporated milk:
Manufacturers' total stocks, end
of month (case goods)
thous. of lbs..
Manufacturers' unsold stocks,
case goods
thous. of lbs..
Exports
thous. of lbs..
Wholesale price, New York, dolls, per case..
Production, condensed and
evaporated milk
thous. of lbs..
Powdered milk:
Manufacturers' total stocks..thous. of lbs..
Exports
_
thous. of lbs..
Net new orders
thous. of lbs..
Fluid milk:
ReceiptsBoston (includ. cream) __thous. of qts.
Greater New York
thous. of qts.
ProductionMinneapolis, St. Paul
thous. of lbs.
Consumption in manufacture
of oleomargarine
thous. of lbs.
99, 393
99,465
102,847
9,261
307
5,735
7,950
298
5,706
5,723
336
5,555
8,334
236
4,880
8,802
328
4,279
9,638
268
3,568
6,710
254
4,214
17,987
114,981
16,624
108,536
17,376
108,272
17,490
109,709
104,413
17,002
106,156
15,522
99,019
20,217
19,868
22,627
26,140
25,468
24,623
7,332
7,034
7,363
7,190
8,117
6,287
6,262
76,540
319,464
375,748
254,963
24,340
223,855
295,922
215,665
20,058
201,139
243,364
205,573
45,026
219,926
307,050
192,968
130,034
344,459
310,612
333,493
70,187
163,973
290, 613
177,791
+27.7
-4.8
+5.4
205,175
214,122
+4.4
+12.9
+28.0
12,549
15,307
+22.0
142,800 +188.8
366,551 +56.6
+1.2
362,841
300,858 +72.8
-8.9
-6.0
-14.4
+10.8
212,987
530, 524
653,454
175,060
564,385
617, 662
-17.8
+6.4
-5.5
12,301
12,026
"—272
1,288,020
563,110
1,136, 744
-11.7
-4.3
Sugar
Raw:
Imports—
From Hawaii and Porto
Rico
long tons..
From foreign countries
long tons..
Meltings, 8 ports
long tons..
Stocks at refineries, end month..long tons..
Receipts, domestic, at New
Orleans
long tons..
Refined:
Shipments, 2 ports *
long tons..
Stocks, 2 ports *
long tons..
Exports, including maple
long tons..
Prices:
Wholesale, 96° centrifugal,
N. Y
dolls, perlb..
Wholesale, granulated, N. Y_dolls. per lb_.
Retail, granulated, N. Y
dolls, per lb_.
Retail average, 51 cities...relative to 1913..
Cuban movement (raw):
Receipts at Cuban ports
long tons..
Exports
-long tons..
Stocks, end of month
long tons..
None.
5,727
10,204
None.
None.
1,404
54,010
35,128
3,642
44,663
30,665
4,480
45,340
30,387
3,651
40,958
29,542
3,184
47,631
20,283
8,842
46,095
24,638
5,760
.047
.057
.064
131
.047
.056
.063
131
.046
.056
.062
129
.045
.057
.063
129
.043
.056
.063
129
.051
.062
.068
136
151,747
304,118
531,142
106,974
261,815
344,693
86,425 I 238,129
212,161
177,801
898,615
326,705
851,113
482,152
166,044
298,682
244,852 I
212,314
123
-100.0
60,724 +16.3
30,491 -31.3
6,541 +177.7
+35.2
-4.4
-1.8
0
0
-12.2
-6.7
-7.4
-5.1
.049
.060
.068
136
-21.6
-33.5
805,868 +277.4 +11.5
397,066 +54.0 -17.7
702,733 +378. 7 +21.1
106,819
-17.1
Coffee
2,172
976
1,859
1,099
952
1,144
1,148
Imports
_
thous. of bags..
1,024
-10.8
907
+7.6
Visible supply: t
-1.4
4,917
+9.3
4,385
World
thous. of bags..
5,041
4,862
5,050
4,792
4,605
+6.5
634
903
686
768
United States
thous. of bags..
782
833
1,014
-7.8
-16.0
1,838
1,052
1,714
1,372
2,270
1,022
Receipts, total, Brazil t
thous. of bags..
1,216
1,218
-2.9
Clearances: t
2,217
-20.8
2,188
1,583
1,441
+3.5
947
1,510
1,237
Total, Brazil, for world
thous. of bags..
1,241
-26.2
1,194
862
+13.4
1,113
813
876
447
687
Total, Brazil, for U. S
thous. of bags..
507
Price, Rio No. 7, Brazil grades
+6.1
.147
+5.4
.145
.142 I
.149
N. Y
....dolls, per lb._
.148
.153
.157
Tea
-25.4
14, 247
9,687
14,461
10,547
+9.0
5,585
8,160
Imports
...thous. of lbs..
9,057
6,087
8,876
Stocks, United Kingdom, end of
.
9
3
211,833
+19.3
month
thous. of lbs.. 185,921 215,380 245, 505 254,957
3
217,783
252,704
0
.345
-5.8
.325
.325
.345
Price, Formosa, fine New York..dolls, per lb_.
.345
.325
TOBACCO
Consumption (tax-paid withdrawals):
+9.7 +2.7
654,165
867,137
907, 774
393,007
413, 532
Large cigars...
thousands..
466,078 441,696
453,605
Small cigarettes
thousands.. 8, 552,397 3,093,752 6,870,462 8,369,087 7,531,914 7,269,356 6,609,166 -10.0 +14.0 13,878,522 15,901,001
-2.1
65,312
33,992
64,878
31,553
+1.4
31,873
26,685
Manufac. tobacco and snuff.thous. of lbs..
33,002
33,005
32,310
Exports:
84,582
- 3 . 1 -11.8
113,801
Unmanufactured
thous. of lbs.. 3 47,527 3 54, 729 3 47,885 3 42,958
41,624 3 3 66,586 3 47,215
Cigarettes
thousands.. 672,015 3 548,984 364,467 962,574 836,921
761,076 611,221 -13.1 +36.9 1,372,247 1,799,495
196,705
247,727
161, 702
116,822
135,470
Sales of loose-leaf, warehouses
thous. of lbs.. 162,386
130,006 3 117, 721 -54.8 -48.0
61,235
Price, leaf, average warehouse sales,
Kentucky
_
dolls, per 100 lbs..
12.356
10.536 -16.9 +83.1
11.331
9.812
20.220
23.227
19.294
*See table on p. 23 of the February, 1928, issue for earlier data.
1
Revised.
t See table on p. 23 of the present issue for earlier data.
+16.8
+1.3
+7.3
-1.5
-4.5
+14.6
+.7
-25.7
+31.1
-20.6
42
TREND OF BUSINESS MOVEMENTS—Continued
1928
1927
TOTAL
PER CENT IN- CUMULATIVE
FROM JANUARY 1
CREASE ( + ) OR
THROUGH
FEBRUDECREASE (—)
ARY 28
1927
The cumulative* shown are through February, Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
November
December
11 Per ct.
increase
or decrease
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
+12.1
+10.0
+24.9
+19.3
-2.4
+61.8
4,472
2,365
1,017
5,032 +12.5
2,140 -9.5
1,570 +54.4
+18.5
+46.2
175,092
230,521 +31.7
-2.5
-4.2
+.6
+6.1
+8.2
+4.9
3,553
6,346
19,374 +123. 6
15,532 +426.9
+7.3
-2.0
25,770
16,740
30,081 +16.7
18,106 +8.2
7,558,578
352,618
240,068
1,841,934
532,959
80,598
1,956,059
2,554,342
7,037,417 - 6 . 9
374,242 +6.1
257,663 +7.3
1,479,011 +19.7
504,282 - 5 . 4
63,131 - 2 1 . 7
1,901,681 - 2 . 8
2,457,407 - 3 . 8
January February January February
1927
cumulative
1928
from
1927
1928
TRANSPORTATION
River and Canal Cargo Traffic
Panama Canal:
2,718
2,489
Total cargo traffic
thous. of long tons.
1,396
1,113
In American vessels thous. of long tons.
714
743
In British vessels
_thous. of long tons.
11,231
6,898
Sault Ste Marie canals
thous. of short tons.
381
327
New York State canals..-thous. of short tons.
89,030 101,206
Cape Cod Canal
.short tons.
2,402
2,546
Suez Canal
thous. of metric tons.
1,130,277
853,845
Welland Canal
short tons.
St. Lawrence Canal
.short tons. 1,198,952 908,199
104,923 114,541
Mississippi River, Govt. barges
short tons.
Ohio River, Pittsburgh, Pa., to
823,910
Wheeling, W. Va
short tons.
444,358 338,975
Allegheny River
short tons.
2,132,076
2,020,004
Monongahela River
short tons.
Ocean Traffic
' Clearances, vessels in foreign trade:
Total
thous. of net t o n s . .
American
thous. of net t o n s . .
Foreign
thous. of net tons..
2,574
1,099
763
1,169
None.
2,504
53,883
53,793
114,063
2,372
1,019
698
None.
None.
73,097
2,647
None.
None.
105,521
2,660
1,121
872
None.
None.
None.
None.
125,000
2,242
1,216
478
None.
None.
50,378
2,305
None.
None.
89,610
2,230
1,149
539
None.
None.
41,945
2,209
None.
None.
85,482
621,496
624,697
89,242
85,605
1,935,879 2,117,558
685, 546 517,488
176, 540
81,585
,965,934 2,327,246
6,974
2,939
4,035
6,957
3,261
5,296
2,057
3,239
5,163
1,865
3,298
5,035
1,877
3,158
5,153
1,818
3,335
9,290
3,364
26,657
22,554
35,867
30,742
20,787
15,218
1,208
241
194
204
9,294
2,888
214
4,746
1,735
3,011
10,198
3,742
6,456
+3.0
+5.3
+1.7
Shipbuilding
Completed during month:
Total
gross t o n s . .
P f Steel seagoing
gross tons..
Building or under contract, end of month:
Merchant vessels
thous. of gross tons. _
313
310
Freight Cars
Surplus (daily av. last week of month):
259,548
Total
cars.. 168,829 352,168 464,005 403, 792 372,916
Box.
cars..
82,411 158,304 224,247
182,001
155,554
148,742
148,860 183, 638 169,463 168,172
Coal
1
cars..
61,455
62,588
Shortage (daily av. last week of month):
4 None.
164
None.
25
Total
cars..
302
None.
2
Box
_
. . e a r s . . None.
3 None.
None.
None.
None.
Coal
cars..
103
85
None.
None.
Car loadings:
Total.-.
cars ..5,587,921 3,822,620 4,172,605 3,447,723 3.589,694 3, 756,660
187,197 187,045
178,988
182,059
Grain and grain products
cars.. 273,675
219,482
127,658 130,005
129,321
Livestock
cars.. 193,753 134,598
144,519
752, 752 726,259
939, 677
Coal and coke
cars.. 1,004,056 713, 254 869,877
257,374
Forest products
cars.. 336,527 244, 210 259, 598 233,368 270,914
31,737
37,845
Ore
cars.. 243,550
76,267
40, 682
31,394
965,485
Merchandise and 1. c. 1
cars.. 1,348,614 1,015,551 1,177,774 927, 299 974,382
Miscellaneous
cars.. 2,187, 746 1,456, 681 1,460,673 1,187, 712 1.269,695 1,247,970
275,153
141,589
83,252
-7.6
-14.5
+35.5
+9.9
+102.0
125
None.
85
-100
-100
-100
-100
-100
-100
+4.1
'3,801,918
3173,630
+L8
3110,747
3 902,257 -3.5
3 275,585 +16.1
3 42, 753 - 1 . 1
3 990,574 +5.1
+6.5
'1,306,372
-5.6
+7.7
+17.4
-19.5
-1.7
-26.6
-1.6
-2.8
Railroad O perations
Operating revenue:
Freight
_
PassengerTotal operating
Operating expenses
Net operating income_
Freight carried
_
thous. of dolls..
thous. of dolls.
__.thous. of dolls.
thous. of dolls..
.thous. of dolls.
mills, ton-miles.
75,201
580,498
399,504
133,776
45, 552
385,760
70,885
503,820
376,876
86,424
37,228
334,742
81,990
467,598
377,800
55,334
34,580
337,382
78,483
457,426
363,384
56,634
36,271
61,305
2,606
61,088
2,602
60,784
2,595
60,679
3 2,597
8,778
14.4
195
345
8,961
14.8
149
366
17
8,257
13.6
135
378
149
112
81
12
52
31
7
72
41
13
53
27
182
97
45
19
51
18
»358,104
8
85,971
3 487,587
3 387,990
3 61,415
« 39,233
353,857
74,218
60,598
2,596
62,387
2,611
62,334
2,611
—. 1
0
-2.8
8,733
14.5
154
259
2
8,857
14.7
141
222
30
9,256
14.9
145
210
9,548
15.4
160
214
85
+1.4
+1.4
-8.4
-14.3
-7.2
-4.5
-11.9
+3.7
-64.7
305
424
111
295
481
32
-3.3
+13.4
-71.2
47
22
23
59
43
11
80
69
10
+25.5
+95.5
-52.2
-26.3
-37.7
+10.0
137
85
18
106
65
34
-22.6
-23.5
+88.9
151
22
148
23
56
232
44
-14.3
+4.5
-36.2
-47.7
222
161
38
13
204
146
40
6
412
334
23
41
403
314
29
-8.1
-9.3
+5.3
-53.8
-49.4
-53.5
+37.9
-33.3
361,473
70,045
37,250
Railway Equipment
Locomotives (Am. R y . Assn.):
Owned, end of m o n t h Quantity..
number.
Tractive power
mills, of lbs..
In bad order end of m o n t h Quantity
number.
Per cent of total in use
per cent.
Installed
_
number.
Retired
_
.number.
New orders
number.
Shipments, manufacturers' (census)—
Total
number.
Steam, domestic
..number.
Electric, domestic.
numberUnfilled orders (railroads), end of mo.—
From manufacturers
number.
In railroad shops
.number.
Unfilled orders, manufacturers' (census)—
Total
.number.
Steam, domestic
number.
Electric, domestic
number.
Exports, steam
number.
3 Revised.
145
74
42
5
232
178
39
25
50
19 - 6 2 . 0
43
TREND OF BUSINESS MOVEMENTS—Continued
1928
1937
The cumulative8 shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
October
November
December
, 325,027
212,027
, 322,179
211,985
,313,375 '2,309,577
210,923 3 210,649
139,441
6.1
326
137,795
6.1
14
130,493
5.8
14,114
136,115
6.0
2,098
138,870
6.2
5,876
136,847
5.9
17,196
4,320
4,101
3,780
3,754
2,545
2,536
774
576
444
444
10,901
6,991
3,910
9,721
6,424
3,297
12,431
9,341
3,090
18,464
15,459
3,005
19, 748
17,603
2,145
January February January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
1928
Per ct.
i
or decrease
cumulative
1928
from
1927
TRANSPORTATION—Continued
Railway Equipment—Continued
Freight cars (Am. Ry. Assn.):
Owned, end of m o n t h Quantity.
_
cars.
Capacity
mills, of lbs.
In bad order, end of m o n t h Quantity
cars.
Per cent of total in use
__per cent.
New orders
..cars.
ShipmentsTotal
cars.
Domestic
cars.
Unfilled orders (railroads)—
Total..
cars.
From manufacturers....
cars.
In railroad shops
cars.
Passenger cars:
New orders
.cars.
ShipmentsTotal
carsDomestic
cars.
-.2
-1.2
-.5
138, 292
6.1
4,185
+2.0
+3.3
+180.1
+.4
+1.6
+40.4
21,381
7,974
-62.7
3,209
3,160
3,023
3,009
-42.6
-22.9
-85.3
-85.2
6,232
6,169
1,218
1,020
-80.5
-83.5
27,069
17,209
9,860
28,426
18,255
10,171
+7.0
+13.9
-28.6
-30.5
-3.6
-78.9
-86.7
-66.7
560
697
- 5 . 1 +32.1
+5.9 +30.9
116
97
152
140
+24.5
+31.0
+44.3
, 306,063 , 336,050 , 335,000
210,404
211, 500 211,485
18
12
150
615
314
246
119
119
166
164
174
174
78
60
42
56
55
50,101
12,862
34,736
4,305
3,925
50,591
6,679
51,972
6,359
58,599
6,187
31,719
50,254
27,758
24,325
22,350
18,922
18,146
19,909
18,804
16,913
21,695
25,097
6,402
24,396
8,063
5,871
22,612
8,596
9,085
25,209
8,387
5,323
27,126
21,483
9,053
3,949
29,732
9,381
6,494
2,851
5,915
2,606
6,411
2,831
7,086
2,988
6,180
2,583
64,140
16,517
61,634
15,329
10,074
12,557
1,338
9,549
11,873
1,336
191,701
74,377
177,613
831, 635
7.805
756,806
7.841
6,730
2,354
4,376
6,081
2,196
3,885
Passenger Travel
National parks:
Visitors
number.
Automobiles entered
number.
Arrivals from abroad:
Immigrants
number.
United States citizens
number.
Departures abroad:
Emigrants
number.
United States citizens
number.
Passports issued
number.
Pullman company operations:
ta/ Revenue
thous. of dolls.
*.„ Passengers carried
thousands.
m
53,319
6,658
8,971
2,886
+5.4
+7.6
-9.0
110,571
12,546
103,910
13,337
+6.3
+.8
-4.4
18,434
17,867
-3.1
-5.4
+1.7
1,588,441
1,584,146
PUBLIC UTILITIES
Telephone companies:
67,089
Operating revenue
thous. of dolls..
65,233
65,193
16,445
16,006
10,935
Operating income
thous. of dolls..
16,783
Telegraph companies:
11,016
10,979
10,238
Commercial telegraph tolls.thous. of dolls..
13,747
12,713
Operating revenue
thous. of dolls..
13,648
1,654
1,622
Operating income
thous. of dolls..
2,009
Gas and electric companies:
193,000
195,535
Gross earnings
thous. of dolls.. 177,734 »182,077
Net earnings
thous of dolls..
65,260 3 70,214
78,000
80,815
Electric railways (212 companies):
fe& Passengers carried
thous. of persons., 790,712 771,443 830,930 814,172
7.999
8.018
7.985
^Average fare
cents..
Electric power production:
6,874
7,218
6,929
7,197
Total
mills, of kw. hours..
2,736
2,386
2,508
2,720
By water power
mills, of kw. hours..
4,482
4,477
By fuels
mills, of kw. hours.
4,543
3 4,366
Electric power production (Canada):*
Total
thous. of kw. hours.. 1,309,170 1,311,211 1,361,864 1,317,736
By water power
thous. of kw. hours.. 1,289,967 1,289,242 1,339,206 1,297,788
19,203
21,969
22,658
19,953
By fuels..
thous. of kw. hours.
142,991
130, 552
129,415
Exported
thous. of kw. hours.
Electric power, gross
150,800
158,000
166,200
revenue sales
thous. of dolls.
769,974
1,131,212 1,065,850
1,113,899 1,050,057
17,313
15, 793
130,894
121,829
162,000
152,300
216
100
89
80
115.4
97.8
88.9
491
223
100
89
81
118.7
98.4
90.4
EMPLOYMENT AND WAGES
Employment in factories:
New York State
thousands.
Detroit
thousands.
New Jersey
rel. to 1923.
Pennsylvania
rel. to 1923.
Delaware
rel. to 1923.
Wisconsin
rel. to 1915.
Illinois
rel. to 1922.
Massachusetts
rel. to 1914.
Total pay roll:
New York State (weekly)..thous. of dolls.
Wisconsin
rel. to 1915.
New Jersey
rel. to 1923.
Pennsylvania
rel. to 1923.,
Delaware
rel. to 1923.
Ohio construction
employment
rel. to 1923.
Anthracite mines:
Employment
rel. to 1923-25.
Payroll
rel. to 1923-25.,
Federal civilian employees, Washington, D. C , end of month
number..
3
Revised.
485
192
95
84
73
117.2
93.7
85.5
476
196
94
83
74
112.3
91.8
84.3
467
205
93
81
75
112.0
90.8
81.2
457
224
91
80
75
111.6
88.9
80.5
14,195
262.4
102
85
13,671
251.1
100
84
77
13,830
248.8
103
83
81
13,361
231.6
98
79
76
84
73
»119.8
3 109.4
3 116. 6
3 116.2
60,236
119.7
3
98.7
91.3
81.5
13,477
100
85
76
14,331
251.2
107
90
14,465
274.1
109
94
85
54
61
3
462
233
91
82
74
3
120. 2
3 98.7
+1.1
-4.0
0
-5.9
+4.5
+2.5
-1.3
-9.0
-7.9
-8.6
+2.7
+1.2
-7.2
-9.8
+.9
-6.8
+2.0
+7.6
0
-8.3
-9.6
-10.6
-5.7
-3.0
-4.9
-9.6
69
113.4
95.7
3
3
119. 6
112.4
3
119.2
3105.9
-6.0
-.3
60,743
59,615
59,502
* See table on p. 22 of this issue for previous data.
44
TREND OF BUSINESS MOVEMENTS—Continued
1927
1937
The cumulative8 shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
PER CENT INCREASE ( + ) OR
DECREASE (—)
Feb.,
1928,
Decem- January February January February from
October November
ber
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
Per ct.
increase
( }
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
1918
78,361
70, 387
43,046
27,341
83,739
75,857
48,082
27,775
t
or decrease
(-)
cumulative
1928
from
1927
EMPLOYMENT AND WAGES—Con.
Average weekly earnings, factories:
Illinois.
_
dolls. _
New York State
dolls..
Wisconsin...
__.
dolls..
Massachusetts
_rel. to 1914..
New Jersey
rel. to 1923..
Pennsylvania
.rel. to 1923..
Delaware
rel. to 1923..
Average weekly earnings {National Industrial
Conference Board):
Grand total (both sexes)
..dollars..
Total male
_.
_
dollars..
Skilled male
dollars..
Unskilled male
dollars..
Total women
dollars..
Average weekly hours:
Nominal (both sexes)
hours..
Actual (both sexes)
hours..
Wages, road labor, by geographic
divisions:
New England
cents per hour..
Middle Atlantic
_
cents per hour_. j
South Atlantic
cents per hour.J
East South Central
cents per hour..!
West South Central
cents per hour..!
East North Central
cents per hour__i
West North Central
cents per hour..I
Mountain
_
cents per hour..]
Pacific
_..cents per hour..
United States, average
cents per hour..
Wage rates, U. S. Steel Corp...cents per hour..
Wages, steel workers, Youngstown
!
district
_
_
per cent of base..
Applicants per 100 jobs, employment agencies:
United States
number..
Eastern States
number..
Central States
number..
Southern States
number..
Western States
number..
Factory Labor Turnover
(Percentage of number on pay roll)
Departures:
Total
per cent (annual basis)..
Voluntary quits...per cent (annual basis)..
Lay offs
_.per cent (annual basis)..
Discharges...
per cent (annual basis)..
Accessions
per cent (annual basis)..
28.59
29.28
25.40
231.2
28.23
28.75
25.39
231.4
108
100
103
28.15
29.59
25.24
232.1
111
101
106
27.49
29.22
23.60
232.1
109
98
100
27.01
29.35
30.78
24.21
17.35
26.72
28.69
30.15
23.42
17.32
26.90
29.35
30.80
24.12
17.34
49.5
47.4
49.4
47.1
48
46
28
25
32
40
38
48
56
40
50
28.23
29.52
24.58
228.3
108
101
102
28.85
29.39
26.06
233.3
110
105
103
27.24
29.80
31.22
24.66
17.23
27.26
29.57
30.93
24.69
17.25
27.68
30.17
31.61
24.93
17.38
49.5
47.3
49.5
47.9
49.5
48.2
49.5
48.6
48
46
26
25
30
40
37
47
53
40
50
55
46
24
24
32
42
37
46
54
39
50
53
48
24
25
26
39
37
41
50
37
50
52
47
22
26
28
41
39
43
54
38
50
44
46
24
24
27
39
38
43
51
37
50
50
50
39
24
32
44
37
41
53
41
50
125.5
128.5
128.5
125.5
125.5
133.0
133.0
120
129
145
122
61
137
146
160
132
71
145
155
165
145
80
170
192
203
188
87
175
208
189
222
75
160
156
203
146
78
158
162
191
155
72
38.0
25.3
30.5
18.2
38.3
34.1
26.5
14.9
7.7
3.9
24.8
28.4
16.5
7.9
4.0
37.4
26.5
13.6
8.6
4.3
30.5
41.4
23.4
12.3
5.7
35.0
38.8
22.1
10.6
6.1
37.3
3 65, 707 3 41,210
59,494
37,465
34,486
24,240
25,008
13, 225
42, 529
38,392
23,842
14,550
39,404
35,237
22,080
13,157
38,957
35,150
20,966
14,184
109
101
102
7.7
5.0
DISTRIBUTION MOVEMENT
Retail Sales
Mail-order houses:
Total sales, 4 houses
thous. of dolls.. 3 57,754
Total sales, 2 houses
thous. of dolls.. 50,869
Sears, Roebuck & Co
thous. of dolls.. 29,302
Montgomery Ward & Co. .thous. of dolls.. 21, 567
Ten-cent chain stores:
Total sales (4 chains)
thous. of dolls.. 46,498
Total stores operated (4 chains)..number..
2,396
F. W. Woolworth & Co—-thous. of dolls.. 26,032
Stores operated
number..
1,584
S. S. Kresge Co
thous. of dolls.. 12,084
Stores operated
number..
419
McCrory Stores Corp
thous. of dolls..
3,332
Stores operated
number. _
217
S. H. Kress & Co
thous. of dolls..
5,069
176
Stores operated
.number..
Metropolitan
__
thous. of dolls..
1,120
90
Stores operated
number. _
F. & W. Grand
thous. of dolls.1,223
55
Stores operated
number..
W. T. Grant Co.
thous. of dolls.4,275
Stores operated
number..
135
Restaurant chains:
Childs Co., sales
thous. of dolls_.
2,378
J. R. Thompson Co., sales.-thous. of dolls..
1,224
Other chain stores:
Isaac Silver & Bros
thous. of dolls..
509
Stores operated
number_.
20
Hartman Corporation
thous. of dolls. 1,478
Stores operated
number. _
18
J. C. Penny Co
thous. of dolls— 17,165
Stores operated
number. QQQ
ooy
United Cigar Stores Co
thous. of dolls..
6,822
Stores operated
number. _
3,143
A. Sehulte (Inc.)-...thous. of dolls..
2,231
Stores operated
number..
297
G. C. Murphy Co.*
thous. of dolls..
875
Stores operated
number..
111
Installment sales in New England department
stores:
Ratio to total sales..
per cent..
7.0
»Revised.
8.2
4.1
3 58,336
51, 229
29, 847
21, 382
44,254
2,415
23, 731
1,588
12,011
27.17
234.7
110
104
102
35,363
2,446
19,001
1,603
9,320
439
2,867
221
4,175
183
752
91
901
63
2,843
158
a 29, 651 a 31,986
2,223
2,244
16,117
17, 379
1,484
1,494
7,956
8,309
370
376
2,286
3 2,763
199
3 201
3,292
3,535
170
172
655
693
81
82
657
3 711
44
48
3 2,248
2,205
109
106
31,901
2,431
145
84,977
2,427
43,897
1,588
23,044
435
6,857
221
11,182
183
2,349
91
2,267
55
8,205
151
2,275
1,185
2,490
1,262
2,346
1,235
2,187
2,537
1,225
513
19
298
865
115
1,065
19
1,505
19
21,796
891
9,475
3,151
3,233
299
2,064
113
312
22
907
19
7,722
913
5,562
3,151
1,826
300
598
113
388
23
1,096
19
8,906
914
5,926
3,113
1,902
298
673
113
281
22
842
16
6,331
800
5,723
3,109
2,204
294
551
92
6.7
3.9
427
3,236
219
5,272
181
1,090
91
1,140
55
4,366
1,312
19
17,054
ftQft
o\)\J
6,534
3,148
2,076
17,114
1,591
8,658
436
221
3,760
183
692
91
800
62
2,624
154
2,319
1,118
-7.0
-7.6
+1.1
+.9
+6.1
+2.0
0
-1.0
-1.0
-1.9
-2.1
-8.3
+4.0
+7.7
+5.1
+5.4
+4.9
+8.0
+2.7
0
+4.0
-6.0
-43.6
+8.3
-12.5
-6.8
+5.4
+4.9
+1.9
-7.3
0
0
-5.6
+2.9 +10.8
+8.3 +28.4
-1.0
-6.9
+18.1 +43.2
-13.8 +4.2
-6.7
-17.6
+8.9
+7.5
-18.4
+3.2
+2.5
—1.6
+10.0
+10.9
+ 6
+11.0
+ 8
+7.6
+ 7
+21.0
0
+11.0
0
+8.7
0
+12.6
+1.6
+8.3
+2.6
-31.7
-38.5
-18.9
-29.5
-18.2
+9.2
+9.2
+13.7
+2.6
+10.6
+9.0
+9.3
+7.3
+12.2
+16.8
+3.8
+10.0
+18.1
+6.4
+8.5
+11.0
+26.7
+31.3
+26.5
+45.0
-5.7
-6.8
311 +24.4
22
+4.5
1,152 +20.8
17
0
3 7,497 +15.3
3 807
+ 1
5,715
+6.5
2,362
294
608
92
+.6
-1.2
+24.8
+4.5
-4.9
+11.8
+18.8
+13.3
+3.7
+.5
-19.5
+1.4
+12.5 +10.7
0. +22.8
II
10.5
8.0
* See p. 23 of the February, 1928, issue for earlier data.
61, 637
67,264
+6.9
+7.8
+11.7
+1.6
+9.1
33,496
36,115
+7.8
" 16," 265"
~I7,~978"
5,049
~6,~827'
5,236
+3.7
"7," 935" " l 6 . 2
1,348
1,444
+7.1
"I," 368"
1,701
+24.1
47453
4,856
~5," 467" +22." 8
4,533
-6.7
+18.2
592
700
1,994
2,003
+5
"l3," 828
16,628
+20.2
11,438
11,488
"4," 566"
3,728
"I," I59"
1,271
+.4
-18.4
+9. 7
i
45
TREND OF BUSINESS MOVEMENTS—Continued
p
1927
The cumulative* shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
October
November
1927
1928
December
PER ( ENT INCREASE ( + ) OR
DECREASE (—)
Feb.,
1928,
January February January February
from
Jan.,
1928
Feb.,
1928.
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
1928
-2.0
« 6,472
188, 496
4
6, 504
184,568
e r ct.
increase
or decrease
cumulative
1928
from
1927
DISTRIBUTION MOVEMENT-Con.
Advertising
Magazine advertising for the following
month
thous. of lines..
Newspaper advertising
+15.7
-6.8
+3.1
+4.3
59, 693
61,126
+2.4
3,284
+1.3
+6.0
6,601
6,920
+4.8
+1.6
+3.5
+1.6
+5.8
+2.6
20, 852
158,153
21,101
157,141
+1.2
3,303
34,001
10, 276
77, 680
3,158
32, 240
6,461
66, 241
6,757
67,200
+4.6
+1.4
187,460
679, 290
192
866,942
205,604
767,121
176
972,901
+15.6
-6.1
+37.8
-2.4
+3.2
+10.4
393,064
1,446,411
368
1,839, 843
395,631
1, 748, 531
300
2,144,462
+20.9
-18.5
+16.6
1,923,894
84,419
2, 224,370
80, 208
+15.6
-5.0
1, 202,630
392,509
140, 564
1, 735, 703
1, 226,164
458, 251
138,346
1, 822, 761
+2.0
+16.7
-1.6
+5.0
2,599
115,472
2,289
108,671
1,811
106,430
2,176
95,545
2,517
89,023
2,210
97,610
32,450
32, 799
40,823
30, 579
30, 547
30,394
29,299
3,395
3,331
4,448
3,438
3,482
3,317
11,659
76, 574
11,954
97,863
13, 516
102,259
10,468
78, 220
10, 633
78,921
10, 576
80,473
3,363
35,147
3,381
34,860
3,759
37,452
3,416
34,117
3,341
33,083
I
3
2,441
+.5
-2.1
thous. of lines..
Postal Business
Postal receipts, 50 selected
cities
thous. of dolls..
ostal receipts, 50 industrial
cities
thous. of dolls..
Money orders:
Domestic paid (50 cities)—
Quantity
number..
Value..
thous. of dolls..
Domestic issued (50 cities)—
Quantity
number
Value
thous. of dolls
+.9
-2.2
-3.0
-.6
BANKING AND FINANCE
Life Insurance
(Association of Life Insurance Presidents)
Policies, new (45 companies):
212,120
Ordinary.._
number of policies.. 212,924
203, 629 256,546
183, 511
Industrial
number of policies.. 992,140
940,847 783, 539 901, 786 846, 745
Group. _
number of contracts..
491
175
208
125
148
Total
number of policies and contracts.. , 205, 212 1,144,684 1,040,576 1,085,422 1, 059,040
Policies and certificates issued:
Total policies and certificates
number.. 1,228,861 1,172,404 1,164, 208 1,11], 705 1,112,665
Group insurance certificates...certificates..
53,800
23, 797
27,928 124,123
Amount of new insurance (45 companies):
651,037
Ordinary
thous. of dolls.. 615,753
582,000 725,847
575,127
221,948
Industrial
thous. of dolls.. 265,974
252,738 211,076
91, 505
Group
thous. of dolls..
48, 625
76,960 165,025
46,841
Total insurance
thous. of dolls.. 930,352 911,698 1,101,948 858, 271 964,490
Premium collections (45 companies):
154,292
Ordinary
thous. of dolls.. 140,041
145, 581 168,114
148,947
48,193
Industrial
thous. of dolls..
49, 272
89,926
48, 273
54, 564
17,623
5,792
6,448
Group..
thous. of dolls..
4,862
7,618
220,108
Total.thous. of dolls.. 195,105
211,129
198, 716 264,488
Admitted life insurance assets (41 companies):
11,381
11,484
Grand total
mills, of dolls..
Mortgage l o a n s 4,982
Total
mills, of dolls..
5,019
1,621
Farm
mills, of dolls..
1,620
All other
mills, of dolls
3,361
3,399
Bonds and stocks (book value)—
4,262
4,323
Total
mills, of dolls..
928
Government
mills, of dolls.
940
2,268
2,287
Railroad
mills, of dolls..
911
942
Public-utility
mills, of dolls.
155
154
All other
mills, of dolls.
Policy loans and premium
notes.
mills, of dolls.
1,347
1,358
(Life Insurance Sales Research
918, 717 1,005,177
32,452
51, 967
576, 642
185, 292
94,445
856,379
207,217
46,119
879,324
135,395
45,920
7,065
135,969
43,286
4,803
184,058
10, 529
10, 606
4,587
1,592
2,995
4,637
1,599
3,038
3,987
919
2,173
764
131
4,002
918
2,173
775
136
1,240
1,252
-.6
+8.9
+.1 +10.7
+103. 7 +65.8
+13.2 +4.0
-6.1
+7.1
+95.4 +98.4
+12.4
+9.7
+3.6 +13.5
-11.7 +11.3
+131. 3 +266. 9
+4.3 +19.6
271,364
89,206
11,868
372,438
303, 239 +11.7
102,757
+15.2
25, 241 +112.7
431,237
+15.8
1::::::::
1"
Bureau)
Sales of ordinary life insurance (81 companies):
United States total
thous. of dolls..
Eastern manuf. dist
thous. of dolls..
Western manuf. dist__ -thous. of dolls..
Western agric. district.thous. of dolls..
Southern district
thous. of dolls..
Far western district
thous. of dolls..
Canada total, 15 companies-thous. of dolls..
+.7
659,375
257,543
148,380
103,663
82,706
67,083
48,104
662,688
254, 111
150,447
106,310
84,189
67,631
44,935
34,091
25,117
1,849
33,282
23,809
2,159
379
1,717
862
3,067
2,404
74.4
833,944
316,931
188,770
131,530
113,184
83,529
673,855 +20.0
293,294 +21.7
145,932 +22.9
95,686 +15.6
77,258 +18.0
61,685 +15.3
35, 525 -15.3
+8.5
+8.7
+9.8
+9.5
+5.1
+7.4
+13.4
1,275,840
551,028
279,844
181,853
143,370
119, 745
72,511
1,340,373
580, 557
290,523
195,473
150,060
123, 755
87,859
+5.1
+5.4
+3.8
+7.5
+4.7
+3.3
+21.2
+19.3
+4.7
+33.1
+16.5 +13.3
+.7 - 7 . 5
- 7 . 4 +24.9
+.1 - 5 . 4
58, 697
44,238
2,705
70, 624
46,764
3,536
+20.3
+5.7
+30.7
609,228
261,893
130,338
90,662
68,847
57,483
47, 569
731,145
318,664
160,185
104,811
81,213
66, 272
40, 290
601,985
257,734
133,912
86,167
66,112
58,060
26,509
2,311
37,884
25,007
1,871
32, 740
21,757
1,665
31,258
23,457
1,454
27,439
20,781
1,251
477
1,717
903
2,940
2,413
71.2
609
1,813
990
2,862
2,473
66.8
423
1,577
812
2,971
2,452
73.7
1,588
752
2,974
2,426
74.1
365
1,688
607
3,133
2,245
79.6
435
1,717
602
3,144
3,290
78.5
15,029
6,065
13,464
15,214
6,329
13,954
15,433
6,386
13,786
15,265
6,575
13,888
15,143
6,558
13,716
14,200
5,540
12,879
14,297
5,662
12,904
-.8
-.3
-1.2
+5.9
+15.8
+6.3
3,946
4,092
4,433
4,420
4,323
3,139
3,256
-2.2
3,372
3,511
3,718
3,816
3,722
+32.8
+32.3
Banking
Check payments:
New York City
mills, of dolls.
Outside New York City
mills, of dolls,
Canada
_
mills, of dolls .
Federal reserve banks:
Bills discounted
mills of dolls.
Notes in circulation
mills.. of dolls.
Total investments
mills. of dolls.
Total reserve
mills.. of dolls.
Total deposits.
.mills.i. of dolls,
Reserve ratio
per cent.
Federal reserve member banks:
Total loans and discounts...mills,i. of dolls.
Total investments
mills.i. of dolls.
N e t demand deposits
mills.i. of dolls.
Brokers' loans, end of m o n t h :
T o New York Stock
Exchange members
mills, of dolls.
B y New York F . R. member
banks
mills,:. of dolls.
»Revised.
-13.6
-13.0
-11.0
-1.1
+.5
2,732
-2.5
2,813
4
Cumulative through Mar. 31.
-26.3
-5.6
46
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
1928
October
November
December
cent__
cent._
cent..
cent..
cent..
4.03
3.97
3.50
5.17
4.50
3.75
3.92
3.50
5.17
4.50
4.44
3.97
3.50
5.15
mills, of dolls..
4,083
4,096
18,369
mills, of dolls..
thous. of dolls. _ 56, 617
thous. of dolls. _ 221,205
18,174
47,660
149, 683
413,220
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
January February
January February
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
-3.4
+3.9
+14.3
-2.9
+1.8
+1.7
+4.1
+1.8
+.3
+7.6
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
I
1927
I 1928
Per ct»
(+)
or decrease
(-)
cumulative
1928
from
1927
BANKING AND FINANCE-Continued
Banking—Continued
Interest rates:
New York call loans..
Commercial paper 4-6 mos__
N. Y. Fed. Res. Bank
Federal land banks
Intermediate credit banks
4.50 I
4.35
3.88
3.50
5.15
4.50
4.20
4.03
4.00
5.00
4.58
4.28
4.13
4.00
5.21
4.50
4.13
3 3.87
4.00
5.21
4.50
4,164 I
4,189
4,200
3,889
3,903
18,036
43,113
652, 708
18,050
41, 975
168,840
17,951
42,130
228,118
19,170
44,695
169, 583
19,153
43,379
165, 735
406,830
354,178
349,142
173,283
304, 254
158, 506
36,236
36,147
51, 262
47, 634
45,071
51, 290
46,941
17,134
14, 657
4,445
2,157
12, 786
16,949
6,412
2,531
29,024
16, 733
5,305
2,914
14,871
26,446
6,318
5,382
12, 751
24,952
7,367
3,991
19,996
24, 530
6,764
2,954
10,518
23,406
13,017
3,213
1,787
1,864
2,162
2,643
2,176
2,465
1,170
129
173
478
1,276
110
162
597
1,430
135
184
553
1,946
144
360
1,581
127
210
501
1,842
122
221
321,800
227,100
490,675
331,175
750,200
460, 600
333, 000
176,000
428,900
258, 750
307,450 3 421,470
155,000 251,620
of dolls..
of dolls..
of dolls._
of dolls..
94, 700
48,800
33, 500
12,400
159, 500
119, 700
24,050
15, 750
289, 600
179,800
33,800
21,000
157,000
114,300
33,100
9,600
170,150
129, 050
34,600
6,500
152,450 3169,850
112, 700 3 130,100
33,850
31,650
8,100
5,900
Foreign governments
thous. of dolls..
Total corporation
thous. of dolls..
Purpose of i s s u e New capital
thous. of dolls..
Refunding
.thous. of dolls..
Kinds of i s s u e Stocks
thous. of dolls..
Bonds and notes
thous. of dolls..
Class of i n d u s t r y Railroads.
thous. of dolls..
Public utilities
thous. of dolls..
Industrials.
_
thous. of dolls..
Oil
thous. of dolls..
Land and buildings
thous. of dolls..
Shipping and misc
thous. of dolls..
Bond issues (Canada):
Govt. and provincial
thous. of dolls..
Municipal
thous. of dolls..
Corporation
thous. of dolls.Tax-exempt securities:
Total outstanding, end of
month*.
_
mills, of dolls..
States and municipalities:
Permanent loans
thous. of dolls..
Temporary loans,
thous. of dolls..
New incorporations
_
thous. of dolls. .
125,623
734,081
35,800
617, 554
67, 547
852,064
79,808
573, 573
117,351
612,696
52,383
610,035
74, 670
785,649
+47.0 +57.2
+6.8 -22.0
574,380
159, 701
134,568
599, 513
403, 365
214,190
408, 545
165,028
411, 352
201, 344
507,503
102,532
540,588
245,061
+22.0 - 1 7 . 8
+.7
-23.9
138,545
435,028
126,857
485,840
108,511
501, 524
277,978
507,671
-8.4
+11.7
32, 550
311,832
113, 368
42,000
73, 729
160, 603
16, 796
252, 482
180, 038
8,200
42, 730
117, 309
588, 591
263.472
273,591
578.473
73, 686
517,412
54,938
42,000
58, 225
105,803
78, 222
210,155
118,902
2,200
78, 741
74, 331
74, 216
262,825
93, 570
20,675
24, 045
3,828
74,936
58, 540
10, 532
24,260
2,500
11, 340
5,858
4,000
415
9,396
16,060
16,142
per
per
per
per
per
0
-4.0
Savings Deposits
New York State savings
banks, end of month
Public Finances
Government debt, gross
Customs receipts.-.
Total ordinary receipts
Expenditures chargeable to
ordinary receipts...
.thous. of dolls..
-.5
-6.3
+.4 -2.9
+35.1 +37.6
-50.4
+9.3
88,074
335, 318
84,105
396,958
462,760
522,425
-4.5
+18.4
+12.9
Business Failures
Liabilities (United States):
Total commercial
thous. of dolls..
Manufacturing
establishments
thous. of dolls..
Trade establishments..thous. of dolls..
Agents and brokers
thous. of dolls. _
Liabilities (Canada)..
thous. of dolls..
Firms (United States):
Total commercial
number..
Manufacturing
establishments
number..
Trade establishments
number. _
Agents and brokers
number..
Firms (Canada)..
number..
-5.4
-4.0
98, 231
92, 705
-5.6
30, 514
47,936
19, 781
6,167
27,622
51, 398
13, 685
9,373
-9.5
+7.2
-30.8
+52.0
2,035
+21.2
+6.6
+16.6 -43.4
- 2 5 . 8 +24.2
-17.7
+6.9
4,500
4,819
+7.1
411
1,508
116
189
-15.4
-18.8
-11.8
-41.7
+13.9
+4.8
+9.5
+11.1
912
3,350
238
410
1,021
3,527
271
570
+12.0
+5.3
+13.9
+39.0
-14.3
-5.6
Dividend and Interest Payments
(For the following month)
Grand total
Interest payments
Dividend payments:
Total
Industrial and misc
Steam railroads
Street railways
...thous. of dolls..
thous. of dolls..
thous.
thous.
thous.
thous.
+28.8 +1.8 *1, 406,670 < 1, 512,100 +7.5
+47.0 +2.8 « 807,530 « 895,350 +10.9
+.2 < 589,100 < 616, 750 +4.7
+8.4
+12.9
- . 8 * 408,000 < 423,150 +3.7
+4.5 +2.2
< 96,400 * 101, 500 +5.3
-32.3 +10.2
* 33,200 * 37,100 +11.7
New Security Issues
121,198
496,356
316,205 j 316,278
124, 759 3105, 067 «117,903
69, 561 3 26, 575 3 44, 248
225,803
235,021
243,998
103,479
73, 320
127, 053
197,159
1,395,684 1,186,269
+55.2
-15.0
1,048,091
347, 593
819,897
366,372
-21.8
-54.4
-4.3
386,489
1,009,195
265,402
920,868
-31.3
112,672
9,346
309,084
106,350
68,588
74,381
40,286
131,872
- 5 . 1 -43.7
374, 775 +25.1 - 2 9 . 9
150,115 - 2 1 . 3 - 3 7 . 7
2,700 +839.8 +665.7
55, 763 - 3 9 . 0 - 1 3 . 9
70,424 +51.6 +60.0
141, 218
683,859
256,465
71,288
130,144
110, 710
152,438
472,980
212,472
22,875
126, 779
187, 003
-30.8
-17.2
-67.9
-2.6
+68.9
5,000
1,560
3,185
35,611
13, 998
7,494
640 +25.0 +681. 2
1,842 +275. 9 - 1 5 . 3
13,000
66.1 - 7 5 . 5
36, 251
15,840
20,494
9,000
1,975
12, 581
-75.2
-87.5
+.4 +5.9
+23.8 +76.2
-80.5 - 8 8 . 2
247,356
152,343
231, 544
87,648
-6.4
-42.5
16, 342
15,311
• 15,437
128,065
14,328
174,675
30,476
739,730
72,681
121,867
942,925
Agricultural Finances
Loans outstanding, end mo.:
1,085,170 1,097,642
Federal farm loan banks
thous. of dolls.. 1,147,135 1,150,943 1,155,644 jl, 158, 717
639, 651 647,762
607,891 607,477 "
Joint-stock land banks
thous. of dolls.- 610,050
609,984
Federal intermediate credit
71,815
82,424
93,013
75,915
74,888
banks
thous. of dolls..
1,362
7,310
1,244
6,815
4,080
1,800
War Finance Corporation..thous. of dolls..
If 2
* See table on p. 23 of the February, 1928, issue for earlier data.
+.2
-5.8
- 1 . 4 -82.0
s Revised.
+5.4
+7.9
47
TREND OF BUSINESS MOVEMENTS—Continued
1938
1927
The cumulatives shown are through February. Earlier data for items shown
here may be found on pages 24 to 138
of the February, 1928, *'Survey"
October
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
Feb.,
1928,
from
Jan.,
1928
Feb.,
1928,
from
Feb.,
1927
-1.2
-2.6
-2.0
+32.2
+9.0
+16.4
November
December
237.84
120.04
142.63
242.50
119.68
144.26
242. 25
118.29
142.13
239.32
115.20
139.30
175.39
101.55
115.29
181.06
105.66
119.69
111.94
112.36
112.25
111. 73
109.72
110.36
-.5
+1.2
189.4
158.6
202.1
353.5
598.4
136.3
406.6
194.6
160.6
208.7
366.5
601.0
150.5
432.1
195.2
158.2
210.4
369.8
582.3
150.5
430.6
191.9
153.7
207.6
372.9
565.0
148.5
425.8
153.5
136.9
160.2
226.6
417.0
116.0
310.2
156.9
142.1
163.0
233.4
422.3
115.3
314.8
-1.7
-2.8
-1.3
+22.3
+8.2
+27.4
+59.8
+33.8
+28.8
+35.3
111.5
107.5
207.9
152.0
45.1
174.1
55.8
226.7
274.6
117.8
106.4
218.4
159.3
44.4
178.7
62.1
225.5
283.9
122.3
107.4
231.6
159.1
46.6
178.6
64.7
220.5
294.8
125.6
101.9
225.3
154.5
47.5
180.3
58.7
209.2
309.9
94.1
110.5
176.3
123.6
41.5
167.5
47.0
167.8
218.6
96.9
112.3
185.2
125.3
40.0
175.9
50.2
167.3
217.8
+2.7 +29.6
January February
January February
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
Per ct.
increase
( }
t
or decrease
(-)
1928
cumulative
1928
from
1927
BANKING AND FINANCE-Continued
Stocks and Bonds
Stock prices, average daily closing:
233.36
25 industrials, average
dolls, per share..
117.84
25 railroads, average
dolls, per share..
130.15
103 stocks, average
dolls, per share..
Southern cotton inill
111.31
stocks...
dolls, per share..
Stock prices, average weekly closing:
186.1
Total stocks (229)
rel. to 1917-21..
157.6
Railroads (31).
rel. to 1917-21..
197.6
Industrials (198)..
rel. to 1917-21..
355.8
Automobile (10)
rel. to 1917-21..
573.6
Chain stores (11)
rel. to 1917-21..
128.0
Copper (11)
rel. to 1917-21..
389.1
Food (9)
rel. to 1917-21..
Machinery manufactur109.6
ing (5)
rel. to 1917-21..
104.0
Petroleum (17)
rel. to 1917-21..
203.8
Railroad equipment (10)—_rel. to 1917-21..
153.1
Steel (9)
_.rel. ro 1917-21..
43.9
Textile (5)
__
rel. to 1917-21..
173.4
Theater (3)
rel. to 1917-21..
55.4
Tire and rubber (7)
rel. to 1917-21..
208.7
Tobacco (7)
rel. to 1917-21.267.2
Traction, gas and power (16) .rel. to 1917-21..
Stock sales:
50,459
N. Y. Stock Exchange
thous. of shares..
Bond sales:
Miscellaneous
thous. of dolls.. 258,112
13,187
Liberty-Treasury
thous. of dolls..
Total
thous. of dolls.. 271,299
Bond prices:
96.11
Highest-grade rails. .p. ct. of par, 4% bond..
87.24
Second-grade rails.__p. ct. of par, 4% bond..
79.00
Public utility
p. ct. of par, 4% bond..
79.93
Industrial
p. ct. of par, 4% bond..
85.05
Comb, price index.__p. ct. of par, 4% bond..
Bond prices, 1st of following month:
103.92
5 Liberty bonds
. . . p . ct. of par..
16 foreign government and
104.65
city..
p. ct. of par..
101.59
Comb, price index, 66 bonds..p. ct. of par..
Bond yields:
4.24
Railroads (15)
percent..
4.79
Industrials (15)
.percent..
4.75
Utilities (15)
percent3.93
Municipal (15)
percent..
3.95
Municipal bond yield (20)...
per cent..
Long-term real-estate bonds issued:
59,092
Grand total
thous. of dolls..
Purpose of i s s u e 35,819
Finance construction...thous. of dolls..
10,523
Real-estate mortgage—. thous. of dolls.
Acquisitions and
525
improvements
thous. of dolls.
Kind of structureOffice and other
21,980
commercial
thous. of dolls.
3,845
Hotels
•„
thous. of dolls.
11,519
Apartments
thous. of dolls.
GOLD AND SILVER
Gold:
Domestic receipts at mint fine ounces.
Rand output
thous. of ounces.
Imports
thous. of dolls.
Exports.
thous. of dolls.
Monetary stock
.mills, of dolls.
Silver:
ProductionUnited States
-thous. offineoz_
Canada
-thous. offineoz_
Mexico
thous. offineoz_
Stocks, end of monthUnited States
thous. of fine oz.
Canada
-thous. offineoz_
Imports.
thous. of dolls.
Exports
_
thous. of dolls.
Price at New York
dolls, per fine oz.
97,103
856
2,056
10,698
4,541
4,980
1,696
8,273
+.8
-3.0
-1.3
-1.1
-5.1
-2.7
-2.9
+1.9
+1.0
-9.3
-5.1
+5.1
-9.3
+21.7
+23.3
+18.8
+2.5
+16.9
+25.0
+42.3
51,356
62,367
56,963
47,165
34, 757
44,163
-17.2
+6.8
78,920
104,128
+31.9
261, 540
20,205
281,745
267,918
23,916
291,834
269,374
20,864
290, 238
222,644
16,611
239, 255
326,065
25,349
351,414
282,405
15,288
297,693
-17.3
-20.4
-17.6
-21.2
+8.7
-19.6
608,470
40,637
649,107
492,018
37,475
529,493
-19.1
-7.8
-18.4
97.23
87.87
79.14
79.86
85.43
97.20
88.57
79.55
80.82
85.98
97.04
88.75
79.66
81.28
86.15
96.50
88.61
80.03
81.33
86.13
91.97
83.52
76.66
79.51
82.52
91.51
83.29
76.32
79.32
82.23
106. 53
106.02
105.94
105.96
103.31
103.37
0
+2.5
105. 46
102.43
105.60
102. 46
105.90
102.60
105.92
102.41
105.23
100.38
104.84
100.27
0
-.2
+1.0
4.19
4.79
4.76
3.93
3.93
4.17
4.79
4.72
3.90
3.87
4.13
4.76
4.68
3.89
3.87
4.20
4.79
4.65
3.89
3.87
4.42
4.87
4.81
4.04
4.08
4.41
4.85
4.82
4.04
4.08
+1.7
+.6
-.6
0
0
-4.8
-1.2
-3.5
-3.7
-5.1
27,131
52,322
61,167
39,840
67,960
-34.9
-18.4
116, 758
101, 007
-13.5
12,460
5,241
24,270
11,207
32,759
12,900
14,085
2,710
36,767
17,480
17,443
9,630
-57.0
-79.0
-19.3
-71.9
54,210
27,110
46, 844
15,610
-13.6
-42.4
1,850
5,115
6,533
12,175
6,663
14, 700
+86.4
-17.2
21,363
18,708
-12.4
9,155
2,660
2,226
16,055
3,790
7,025
29,000
650
4,309
22,415
700
1,910
23,295
4,050
11,827
18,708
925
3,780
-22.7
+19.8
-24.3
-49.5
42,003
4,975
15,607
51,415 +22.
1,350 - 7 2 . 9
6,219
-60.2
91,840
848
2,082
55,266
4,451
75,575
851
10,431
3 77,849
a 4,379
73,624
3 844
38.320
52,086
3 4,373
72,119
816
14,686
25,776
4,359
80,777
840
59,355
14,890
4,564
65,999
779
22,309
2,414
4,586
-2.0
-3.3
-61.7
-50.5
+9.3
+4.7
146,776
1,619
81,664
17,304
145,743
-.7
1,660
+2.5
53,006 -35.1
77,862 +350. 0
4,504
1,192
5,196
1,459
8,559
4,979
1,733
6,930
-16.8
-31.2
-70.4
-52.1
-26.1
+11.8
o
-17.9
+39.9
+21.0
+20.0
-1.6
I
5,010
1,739
3 10,794
5,015
1,723
3 9,000
3 4,980
3 1,433
178
494
5,069
5,945
. 560
136
567
5,102
5,634
.575
353
608
3,770
7,186
.580
574
1,141
6,305
6,692
.571
170
547
4,658
7,479
.570
700
1,300
5,151
7,388
.558
4. 87
. 039
. 055
. 139
. 402
.269
. 193
4.87
.039
.055
.140
.404
.269
.193
4.88
.039
.054
.140
.404
.270
.193
4.88
.039
.053
.139
.403
.269
.193
4.87
.039
.053
.139
.403
.268
.192
4.85
.040
.043
.139
.400
.267
.193
207
391
3,849
6,233
.579
-.2
+.5
+.1
0
+7.7
-55.7
+5.5
+6.4
+4.9
+2.5
+4.7
+11
-34.2
-4.9
FOREIGN EXCHANGE RATES
Europe:
England—
France...
Italy
Belgium
Netherlands
Sweden
Switzerland
3 Revised.
..dolls, per £ sterling.
dolls, per franc
dolls, per lira.
__
.-dolls, per franc
dolls, per guilder.
dolls, per krone.
dolls, per franc
4.85
.039
.043
.139
.400
.267
.192
— 2
o'
0
0
0
-.4
-.5
+.4
0
+23.3
0
+.8
+.4
0
10,175
3,192
9,484
2,625
-6.8
-17.8
9,000
13,621
10,963
14,171
+21.8
+4.0
48
TREND OF BUSINESS MOVEMENTS—Continued
1927
The cumulatives shown are through February,
Earlier data for items
shown
here may be found on pages 24 to 138
of the February, 1928, "Survey"
1928
PER CENT INCREASE ( + ) OR
DECREASE (—)
1927
October
November
dolls, per yen.
dolls, per rupee
.466
.364
.460
.365
dolls, per Canadian doll.
dolls, per gold peso.
dolls, per milreis.
1.001
.972
.119
.122
1.001
.971
.119
.122
355, 744
344, 267
331, 236 i 3 337,954 351,151
356,841 3 310, 877
123, 659
18, 297
20,846
11,369
33,119
115,910
15,460
18,401
10, 697
33,841
103, 383
13, 224
15,511
8,727
29,063
97, 019
12,107
15,855
8,681
23,088
100,140
12, 572
15, 908
9,011
21, 428
3 91, 340
14,195
13, 246
3 6, 713
3 25,693
.84,752
44, 670
81, 578
45,113
76, 485
40, 553
76,320
37, 042
71, 993
37, 563
79,946
31,972
43, 268
8.536
44,945
8,296
47, 529
6,413
47,185
6,736
3 43,977
6,700
98,994
33, 973
5,071
95, 704
25, 639
6,129
93, 565
34,229
10, 275
107, 516
31, 999
9,573
45,007
7,542
128, 911
37,188
10, 790
119, 220
118,394
44,194
41, 347
67,807
83,173
49,145
36,123
60,091
80, 512
488, 643
461,018
407,617 | 410,420
254,462
29,050
62,637
14,494
89,958
241,169
28, 542
58,657
14,926
79,197
207,088
23,127
43,848
15,907
72,498 |
114, 543
3 80, 682
106,391
69,991
90,748 | 87, 325
56,708 ! 54,184
88, 054
50, 718
87,250
53,984
32, 719
13, 640
39, 725
15,381
37,396 ! 34,803
15,025 ! 12, 579
44, 584
15, 355
31,995
3 10, 532
77,031
33, 711
9,888
480,428
64, 726
27,814
9,007
452,868
61,923
23,212
10,462
398,344
160,282
145,889
117,574 | 112,062
95,292
62,425
45,643
55,001
157,077
46, 723
42,398
56,140
161,722
23,303
18,077
42,057
43,296
59,612 3 63,843
155, 798 3 164,667
13,307
39,483
55, 762
158,841
December
January February
Tanuary February
Feb.,
1928,
from
Jan.,
192S
Feb.,
1928,
from
Feb.,
1927
CUMULATIVE TOTAL
FROM JANUARY 1
THROUGH FEBRUARY 28
1927
1928
! Per ct.
increase
or decrease
cumulative
1928
from
1927
FOREIGN EXCHANGE RATES-Con.
Asia:
Japan
India
America:
Canada
Argentina
Brazil
Chile.
dolls per paper peso.
.462 |
.367 I
.469
.367
.469
.365
.364
.363
-.5
.972
.120
.122
.971
.120
.122
.971
.120
.122
.939
.117
.120
.947
.118
.120
0
0
0
0
-3.9
+.6
0
+2.5
+1.7
+1.7
U. S. FOREIGN TRADE
Imports
Grand total.
thous. of dolls.
By grand divisions:
EuropeTotal.
thous. of dolls.
France
thous. of dolls.
Germany. _
thous. of dolls.
Italy
thous. of dolls.
United Kingdom
thous. of dolls.
North America—
Total..
thous. of dolls.
Canada
thous. of dolls
South AmericaTotal-.
thous. of dolls
Argentina—
thous. of dolls.
Asia and OceaniaTotal
thous. of dolls.
Japan..
thous. of dolls.
Africa, total
thous. of dolls.
By classes of commodities:
Crude materials
thous. of dolls
Foodstuffs, crude, and
food animals
thous. of dolls.
Manufactured foodstuffs. __thous. of dolls.
Semimanufactures
thous. of dolls.
Finished manufactures
thous. of dolls.
Exports
Grand total, including
reexports.
thous. of dolls.
By grand division:
EuropeTotalthous. of dolls.
France
-thous. of dolls.
Germany
thous. of dolls.
Italy.
thous. of dolls.
United Kingdom..
thous. of dolls.
North AmericaTotal
-thous. of dolls.
Canada
-thous. of dolls.
South AmericaTotal
thous. of dolls.
Argentina
thous. of dolls.
Asia and Oceania—
Total
-.-thous. of dolls.
Japan
thous. of dolls.
Africa, total
thous. of dolls.
Total domestic exports only
thous. of dolls.
By classes of commodities:
Crude materials
thous. of dolls.
Foodstuffs, crude, and
food animals
thous. of dolls.
Manufactured foodstuffs..-thous. of dolls.
Semimanufactures
thous. of dolls.
Finished manufactures
thous. of dolls.
Agricultural exports (quantities):
All commodities..
rel. to 1910-14.
All commodities except
cotton
rel. to 1910-14.
122, 507 3 133, 402
51,504
28, 227
59, 037
3 48, 300
3 28, 725
33 61, 227
66, 299
!
!
I
j3
130, 900
47, 545
36,194
64, 303
72, 209
+13.0
667, 71S
689,105
-1.9
+13.9
267,996
264,302
-1.4
3 42, 725 -1.6
3 39,815 +26.0
3
52,051 +5.0
3 61, 402 +8.9
+11.3
-9.1
+23. 5
+17.6
66, 762
118,025
128,128
95, 845
64, 919
125, 530
138,508
+10.4
-2.8
+6.4
+8.1
-9.1
+.2
791,840
783,420
-1.1
776,034
764,630
-1.5
122, 510 3 102,811 -15.0
-7.3
225,321
207,354
-8.0
3 18, 758 -26.4
3 38,522 -8.8
3 53,120 -12.7
3
151,174 -3.5
-29.1
+2.5
+5.0
+5.1
43,164
79,538
114,459
313,553
31,384
82,779
119,605
323, 508
-27.3
+4.1
+4.5
+3.2
+8.2 +15.1
+7.1 +13.3
153,513
165,069
165, 513
174,815
+7.8
+5.9
153,113 3 114,883
44,081
26, 947
65, 974
+3.2
3 89,161
23, 264
6,453
373,000 |j 419,402 3 372,438
207,314
21,290
42, 331
14,530
74, 392
72,164
26,024
8,814
401,945
+3.9
211,038 i 174,360
20, 302
13, 507
40, 257
35, 762
13, 238
9,881
89, 819 3 70,461
3 71,304
3 22,971
3 7, 528
411,649 3 364, 385
66,046
22,700
362, 685
24,406
41,016
61, 339
162,379
185
161
119
113
150
130
218
187
133
127
140
116
93,936
105,821
94,312
155, 521
83,263
132,189
79,506
84,428
78,806
85, 266
74, 707
79,803
CANADIAN FOREIGN TRADE
Total rade:
Imports
Exports
8
Revised.
thous. of dolls.
thous. of dolls.
86,007
90, 387
ItifetlCATIONS OF THE DEPARTMENT OF COMMERCE
i of the Department of Commerce having the most direct interest to readers of the SURVEY OP CTTBBENT
w. A complete list may be obtained by addressing the Division of Publications, Department of Commerce
j ojf the publications inay be purchased from the Superintendent of Documents, Government Printing
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BUREAU OF STANDARDS
>J?THE SECRETARY
(iDouJble-ended Open Type) Sizes and
jjjl ^mpiled and promulgated by AmerijCqmmittee. American Marine Stand*
ijages, charts. Price, $£.
pi, February, 1928. 26 pages. Issued
, Division of the Department of Comqt radio stations and references to cur[ffi
copies, 5$; annual subscription,
THE CENSUS
Simplified Practice Recommendations:
No. 66. Automobile Brake Lining, iv+12 pages, 1 illustration. Price, 5£
No. 68. Metal and Fiber flash-light Cases, iv-f 12 pages, 1 Ulustration.
Price, 6fS.
: No. 70; Salt Packages, ii+10 pages, 1 illustration. Price, 5£.
No. 72. Solid Section Steel Windows. , iv+34 pages, 23 illustrations. Price,.
20£.
United States Government Master Specifications.—-These
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Standards. Those listed below by circular number may be
obtained at 5 cents each:
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No. 111. Paint, Lithopone, Interior White and Light Tints, Flat or Eggshell
, Finish (Semipaste and Ready-mixed). 12 pages.
NO. 139. Cells and Batteries, Dry. 10 pages.
Bodies, 1926.—Denominational bulle*
containing information concerning their
^gariization? and also the number and
'value of church property, debt, etc.
Ohureh. 12 pages, paper, price 5$.
Mission Covenant of, America. 11
Technical News Bulletin, February, 1928. ?8 pages. Contains items describing thejaboratory activities of the Bureau and
a list of publications issued during the l preceding' month.
Annual subscription, 250.
Same, March, 1928. 44 pages.
ness Statistics, Part II, Metals and
ts the monthly Survey of Current Busictground of facts from earlier years
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1925, Fart I.—This report contains
es/' and general tables for the deathtinental United States, with suppler
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BUREAU OF FISHERIES
Bulletin of United States Bureau of Fisheries, vol. xliii, 1927,
Part I. ii-f-366 pages, illustrations, plates, map. This volume
treats of the fishes of Chesapeake Bay, giving a description of
every species. Price, $1.50.
Containers and Packages Used in Shipping Shucked Oysters,
by Gerald Arthur Fitzgerald. Economic Circular No. 62; 16
pages, 5 illustrations. This circular gives the results of a survey
of shipping practices for oysters, with recommendations fot
improvements in the methods now used. Price, {#.
BUREAU OF MINES
0REIGH AND DOMESTIC
0]
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a; may also be purchased from the bureau or its
[\\ district offices)
Foreign Commerce of United States,
I arid II. Part I contains statistics of
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Reports, Nos. 40-52, Volume 4, 30th
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velopments in 1927, by William T.
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ik other European countries, growth of
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i'
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manufacture and importation ofntina. Price, 10^.
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Concentrated Milk, by B. S. HillingsV Trade Promotion Series No. 57;
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Analyses of Oklahoma Coals.—Technical Paper i l l ; vi+62
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>
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Merchant Marine Statistics, 1927. iv + 75 pages. Lists pf
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LIGHTHOUSE SERVICE
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Light List, Great Lakes, United States and Canada, Including
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Light List, Pacific Coast, United States, Canada, Hawaiian
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Light List, Upper Mississippi River and Tributaries, 13th
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pages. Price; 200.
PATENT OFFICE
Classification Bulletin of United States Patent Office from
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CHIEF FUNCTIONS OF THE DEPARTMENT OF COMMERCE
HERBERT HOOVER, Secretary of Commerce
WALTER F. BROWN, Assistant Secretary of Commerce.
AERONAUTICS BRANCH
Wii,LiAto P, MCCRACKEN, Jr., Assistant Secretary of Commerce
for Aeronautics.
Establishment of civil airways and maintenance of aids to air
navigation; inspection and registration of aircraft and licensing
of pilots; enforcement of air traffic rules; investigation of accidents; encouragement of municipal air ports; fostering of air
commerce; scientific research in aeronautics; and dissemination of information relating t o commercial aeronautics. (Some
of these functions are performed by special divisions of the
Lighthouse Service, tne Bureau of Standards, and the Coast
and Geodetic Survey.)
*
BUREAU OF THE CENSUS
WILLIAM M. STEUART^ Director
Taking censuses of population, inmates of institutions, mines
and quarries, forest products, find water transportation every
10 years, censuses of agriculture and electrical public utilities
every 5 years, and a census of manufactures every 2 years.
Compilation of statistics* of wealth, public debt and taxation,
including financial, statistics of local governments, every 10
years; annual compilation of financial statistics of State and
municipal governments.
Compilation of statistics of marriage, divorce, births, deaths,
and penal institutions annually, and of death rates in cities and
automobile accidents weekly.
Compilation quarterly or monthly of statistics on cotton^
wool, tobacco, leather, and other industries; publication in t h e
Survey of Current Business of monthly commercial and industrial statistics.
.
" ' . , , •
BUREAU OF FOREIGN ANP DOMESTIC
COMMERCE
JuLitJS KLEIN, Director
The collection of timely information concerning world market
conditions and openings for American products in foreign countries> througk commercial attaches, trade commissioners, and
consular oncers, and its distribution through weekjy Commerce
Reports, bulletins, confidential circulars, the news and trade
press, and district and cooperative offices in 65 cities.
The maintenance of commodity, technical, and regional
divisions to afford special service to American exporters and
manufacturers.
.
,
The compilation and distribution of lists of possible buyers
and agents for American products in all parts of the world and
publication of weekly lists of specific sales opportunities abroad.
The publication of statistics on imports and exports.
The study of the processes of domestic trade and commerce.
BUREAU OF STANDARDS
GEORGE K. BURGESS, Director
Custody, development, and construction of standards of
measurement, quality, performance, or practice; comparison
of standards used by scientific or other institutions; determination of physical constants and properties of materials; researches
and tests on materials and processes; and publication of scientific and technical bulletins reporting results; of researches and
fundamental technical data.
Preparation of specifications for Government purchases,
through the Federal Specifications Board.
Collection and dissemination of information concerning
building codes and the planning and construction of houses.
Establishment of simplified commercial practices through
cooperation with business organizations in, order to reduce t h e
wastes resulting from excessive variety in commodities.
BUREAU OF MINES
SCOTT T T O N E B , Director
Technical investigations in t h e mining, p r e p a r a t i o n a n d
utilization of, minerals, including t h e s t u d y of m i n e h a z a r d s
a n d , safety . m e t h o d s a n d of i m p r o v e d m e t h o d s in t h e p r o d u c t i o n a n d use of minerals.
/
. .
T e s t i n g of G o v e r n m e n t fuels a n d m a n a g e m e n t of t h e G o v
e r n m e n t Fuel Y a r d a t Washington.
EPHRAIM F. MORGAN, Solicitor
Research on helium and operation of plants prtyj
Studies in the economics and marketing of :
lection of statistics on mineral resources and :
The dissemination of results of technical
researches in bulletins, technical papers, mii:
series, miners' circulars, and miscellaneous public
. <Sol-
BUREAU OF FISHERIES
HENRY G'MAIAEY* Commissioner ; | |
1
ii
%. The propagation and distribution of food fishi \
in order to prevent the depletion of the fisheries; j
to promote conservation of; fishery resources; i |
ment of commercial fisheries and agriculture; stju
methods, improvements in merchandising and ( )
fishery statistics; administration of Alaska fist^
seals; and the protection of sponges off the coast1 j
ilfish,
|tions
feipp-
ishery
of
fur
BUREAU OF LIGHTHOUSM
GEORGE R. PUTNAM, OomrmssioneM
Maintenance of lighthouses and other aids toiij
tion. Establishment and maintenance of aids)j,H
along civil airways.
jj
Publication of Light Lists, Buoy Lists, and If
ners, giving information regarding these aids to i
pigafeation
lari-
COAST AND GEODETIC SU^
E> LESTER JONES, Director
Survey of the coasts of the, United States and
charts for the navigation of the adjacent wat|
Alaska, the Philippine Islands, Hawaii, Porto M
Islands, and the Canal Zone; interior control^
netic surveys; tide and current observations;
investigations.
Publication of results through charts, coast;
current tables, and special publications.
ion of
Juding
Virgin
magi l
etbles
BUREAU OF NAVIGATION
ARTHUR J. TYRER, Commissioned j
Superintendence of commercial marine and i ,., r
Supervision of registering, enrolling, licensifii
etc., of vessels under the United States flagr '
publication of a list of such vessels.
Enforcement of the navigation and steam^
laws, including imposition of fees, fines, tsonnag^M
STEAMBOAT INSPECTION SEJ
, DICKERSON N. HOOVER, Supervising Insj;
The inspection of merchant vessels, includi]
and life-saving equipment, licensing of officers <
fication, of able seamen and lifeboat ^men, and tl
of violations of steanibpat ipspectipn laws.
hulls,
certifgation
UNITED STATES PATENT O$
THOMAS E. ROBERTSON, Con
The granting of patents and the registration!
prints, and labels after technical examination
ceedings.
Maintenance of library with public search
copies of foreign and United States patents J
Recording bills of sale, assignments, etc., rel
and trade-marks. Furnishing copies of recori
patents.
Publication of the weekly OflScial Gazette,
ents and trade-marks issued.
Ling
aarks.
atents
&g to
pat-
RADIO DIVISION
W. iX TERRELL, Chief
Inspection of radio stations on ships; insp _
tions on shore, including broadcasting stations;
operators; assigning station call letters; enforcii
the International Radiotelegraphic Conventiorijjl
and settling international radio accounts.
iio stag-radio,
ferms of
bnining
@FedFRASER