View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

UNITED STATES
DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
AUGUST, 1926
No. 60

COMPILED BY

BUREAU OF THE CENSUS
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
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 are noted in the "Sources of Data" on pages 152^155 of the present issue

Subscription price of tire SURVEY OF CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents; semiannual
issues, ?5 cents^ Fpfeign subscriptions, $2.25;,single copies (monthly issues), including postage, 14 cents; semiannual
issues; 36 cents. Subscription price of COMMERCE REPORTS js $4 a year; with the SURVEY, $5.50 a year. M&ke
remittances only to Superintendent of Documents^ Washington, 3D. C., by postal money order, express order, or New
York draft. Currency at sender's risk. Postage stamps or foreign rno^ey hot accepted




WASHlNQTOf4 : QOVERHMeNT PRINT»Nd OFFICE : t»2*

INTRODUCTION
THE SURVEY OF CURRENT BUSINESS is designed to
resent each month a picture of the business situation
fey setting forth the principal facts regarding the varibus lines of trade and industry. At semiannual interim als 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 the
bottom of each table enabling those who care to do
SO to enter new figures as soon as they appear (see
Tables 1-131). In the intervening months the more
I important comparisons only are given in the table
entitled " Trend of business movements."
ADVANCE SHEETS

[ Realizing that current statistics are highly perishe and that to be of use they must reach the business
n at the earliest possible moment, the department
htas arranged to distribute advance leaflets everv week
itp subscribers in the United States. The leaflets
ate usually mailed on Tuesdays and give such inforniatioii as has been received during the preceding
week. The information contained in these leaflets is
also reprinted in "Commerce Reports," issued weekly
!by the Bureau of Foreign and l)omestio Commerce,
ine monthly bulletin is distributed as quickly as it
can be completed and printed.
:

BASIC DATA
,
•
•
'
.
; The figures reported in the accompanying tables are
Very largely those already in eristence. 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
plhers are reported by trade associations.
j'

RELATIVE NUMBERS

To facilitate comparison between different items and
render the trend 01 a movement more apparent, relative numbers (often called "index numbers," a term
j inferring more particularly to a special kind of number
described bekftf) have been calculated. The relative
I numbers enable the reader to see at a glance the
jg&neral upward or downward tendency of a movement which can not so easily be grasped from the
a stuaT figures.
In computing these relative numbers the last prejwar year, 1913, or in some instances a five-year average, 190JEML91&2 has been used as a base equal to 100
wlierever possible.
! The relative numbers are computed by allowing the
ninthly average for the base year or period to equal
100. fi the movement for a current month is greater
j
tlW the base, the relative number will be greater than
100, and vice versa. The difference between 100 and
the relative number will give at once the per cent
Increase or decrease compared with the base period.
Thtis a relative number ot 115 means an increase of 15

per cent over the base period, while a relative number
of 80 means a decrease of 20 per cent from the base.
Relative numbers may also be used to calculate the
approximate percentage increase or decrease in a movement from one period to the next. Thus, if a relative
number at one month is 120 for a later month it
is 144 there has been an increase of 20 per cent.
In many instances comparable figures for the prewar years are not available, and in such cases the year
1919 has usually been taken as the base. For some
industries 1919 can not be regarded as a proper base,
due to extraordinary conditions in the industry, and
some more representative period has been chosen.
In many cases relative numbers of less importance
have been temporarily omitted.
Most of the relative numbers appear in a special
section of the semiannual issues, as in Tables 111 to
131 of the present number, thus allowing easy comparison on a pre-war base for all items for which relatives
could be computed.
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 a^re made in the same manner as in
the case of relative numbers*
RATIO CHARTS

In many instances the charts used in the SURVEY
o# CURRENT BUSINESS are of the type termed "Ratio
Charts" (logarithmic scale), notably the Business
Indicator charts on page 2. These charts ghow the
percentage increase and allow direct comparisons between the slope of one curve and that 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 form
of a 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 number will be 440, and on an ordinary
chart would be plotted, 40 equidistant scale points
higher than the preceding month. Another movement 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
equidistant points, whereas the previous item rose 40
points, yet each showed the same percentage increase.
The ratio charts avoid this difficulty and give to each
of the two movements exactly the same vertical rise
and hence the slopes of the two lines are directly
comparable. The ratio charts compare percentage
changes, while the arithmetic) charts compare absolute
changes.

This issue presents practically complete data for the month of June and also items covering the early weeks of
July, received up to July 24. (See charts and table, pp. 4 and 5.) As most data covering a particular month's bust"
n?88 are not available until from 15 to 30 days after the close of the month, a complete picture of that month's operations
am not be presented at an early date, but the advance leaflets give every week the latest data available*



UNITED STATES DEPARTMENT OF COMMERCE
WASHINGTON

SURVEY OF
CURRENT BUSINESS
COMPILED BY
BUREAU OF THE CENSUS

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

No. 60

BUREAU OF STANDARDS

AUGUST

1926

CONTENTS
SUMMARIES

INDEX BY SUBJECTS

Page

Preliminary summary for July
1
Course of business in June
10
Monthly business indicators (table and chart)
2, 3
Weekly business indicators (table and chart)
4, 5
Wholesale price comparisons (table and charts)
6, 7, 12
Midyear statistical summary of commerce and industry _
9
Indexes of business:
Condensed summary
10
Text and chart
11
Detailed indexes (production, prices, sales, etc.)
21
Basic steel and related products (charts)
8
NEW TEXT TABLES

Domestic pumps and water systems
Galvanized sheet metal ware
Census of manufactures

14
14
20

Textiles
Metals and metal products
Fuels
Automobiles
Hides and leather
Rubber
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, finance, and insurance
..._
Foreign exchange and trade, gold and silver
_

Text
page

Table
page

12
13
15
15
15
__
15
15
15
16
16
16
18

26
34,44
33,48
42
51
54
56
60
62
68
71
78,91
92
100
18
106
18 116,119
20
126

PRELIMINARY SUMMARY FOR JULY
The business trend in July, as seen from preliminary
figures, continued to show increased activity over the
previous year. Check payments indicated a larger
dollar volume of trade than in either June, 1926, or
July a year ago. Distribution of merchandise, as
seen from carloadings data, was running well ahead
of July of the preceding year. The volume of new
building contracts awarded during the first three
weeks of the month was also running larger than in
both the previous month and July of last year. The
production of bituminous coal and beehive coke
recorded increases over July, 1925, for the early weeks
of the month, while petroleum production, although
smaller than a year ago, was running larger than in
June. The output of lumber during the first two
weeks of July was just about on the level of a year ago.
Receipts of cotton into sight showed practically no
change from a year ago, while the receipts of cattle at


433*—26
1


primary markets were smaller than last year and hog
receipts were running slightly smaller. Receipts of
wool at Boston were larger than in July, 1925. Exports of wheat during the early weeks of July were considerably larger than a year ago, while corn exports also
recorded a substantial increase. Exports of wheat
flour showed little change, however, from last year.
Wholesale prices continued to average lower in July,
both as compared with the preceding month and a
year ago. Loans and discounts of Federal reserve
banks at the end of the month showed little change
from the previous month, but were higher than a year
earlier. Call money rates averaged higher than in the
preceding month but were lower than a year ago.
Interest rates on time money were firmer than in
June and a year ago. Prices of stocks continued to
average higher. Business failures were less numerous
than a year ago.
1

MONTHLY BUSINESS INDICATORS: 1920-1926
[Ratio charts—see explanations on inside front cover. The curve on bank debits has been adjusted for normal seasonal variations and that on manufacturing production
for the varying number of working days in the month]
RELATIVE TO 1919 AS 100

RELATIVE TO 1913 AS 100
350




1920

1921

1922 1923 1924 1925

1926

1920 1921

LJ

'

I I

I

1926

WHOLESALE TRADE. 6 LINES

INTEREST RATES, COMMERCIAL

I

1925

BANK DEBITS, 141 CENTERS

PRICES 25 INDUSTRIAL STOCKS

J

1922 1923 1924

L_L

DEPT, STORE TRADE (353 STORES

WHOLESALE PRICES ( DEPT. OF LABOR )

FARM

I

I

MAIL-ORDER SALES

PRICES (DEPT^OF AGRICULTURE)

(4 HOUSES)

MANUFACTURING PRODUCTION

COTTON CONSUMPTION

rn

(64 COMMODITIES)

LUMBER PRODUCTION
(5 SPECIES

UNFILLED STEEL ORDER

AUTOMOBILE PRODUCTION
(PASSENGER CARS AND TRUCKS)

NET FREIGHT TON-MILES

FACTORY

EMPLOYMENT

CONTRACTS
(27 STATES)

1920

1921 1922 1923 1924 1925 1926

1920

1921

1922 1923

1924 1925 1926

200

MONTHLY BUSINESS INDICATORS
The following table gives comparative relative numbers for a selected list of important business movements. It is believed
that this table will prove useful, because it segregates from the large mass of material a comparatively small number of items
which are oftefi regarded as indicative of business in general.
The table has been divided into two parts, the first containing those items for which relative numbers can be calculated, using
1913 as a base. The second part contains items for which comparable data back to 1913 are not available. This latter group of
relative numbers is calculated by letting the 1919 monthly average equal 100. Care should therefore be exercised in comparing the
absolute value of the two sets of data. In either group, however, the upward or downward trend of the relative numbers, compared
to previous months, does reflect the present tendency in each item and will give a basis for business judgment.
1926

1935

MONTHLY AVEKAGK
ITEM

1920 1921 1922 1923 1924 1925 Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June

1913 monthly average- 100
Production:
Pig iron
Steel ingots
Copper
Cement (shipments)
.
Anthracite coal _
Bituminous coal . _
Electric energy (gross revenue sales)
Crude petroleum
.
Cotton (consumption)
Beef
Pork
Unfilled orders:
United States Steel Corporation
Stocks:
Crude petroleum* .
Cotton (total)
Prices:^
Wholesale index
Retailfood
Retail coal, bituminous...
.
Farm products
Business finances:
Defaulted liabilities
Price 25 industrial stocks
Price 25 railroad stocks
......
Banking:
Clearings, New York City
Clearings, outside
Commercial paper interest rate
Distribution:
Imports (value)..., ..... .
.
.
Exports (value). ...... . ..
. ..
Sales, mail-order. .............
.......
Transportation:
Freight, net ton-miles
...
. .

101 118 127 114 104 104 106 106 118
122 146 142 137 127 122 136 138 154
128 136 137 137 136 133 132 132 138
164 177 195 226 237 245 249 240 207
99 68 98 107 102 109 113
101 109 85 89 93 99 113 117 133
434 470 449 429 421 419 429 45J 495
287 304 297 329 322 325 323 313 311
99 115 128 114 106 104 96 104 117
133 139 131 132 127 145 135 144 173
151 128 109 116 136 107 96 S7 122

120 54 87
135 64 114
99
38 80
108 107 131
98 99
58
119 87
85
283 312 349
178 189 224
105 97 109
119 113 126
113 117 130

130
144
120
153
104
118
407
295
117
130
160

170

90

102

143
155

171
198

265 311 369 290
153 125 111 429

294 297
103 80

226
203
207
205

147
153
197
118

149
142
188
124

154
146
190
135

150
146
169
134

159
145
167
147

156
151
161
147

155
152
159
146

108
184
67

229
136
64

228
169
75

197
185
72

198
198
81

162
262
99

163
233
92

257
275
134

205
212
118

230
230
80

226
276
90

264 300
284 315
71 73

294
331
264

140
181
188

177
154
204

212
168
259

137

105

115

139

131

96

68

75

69

135 136 137
163 156 149
143 143 137
175 243 258
108 106 117
101 98 105
537
290 302 298
124 111 111
137 139 150
120 119 136

130
164
138
77
2
135
678
288
125
139
168

114
151
132
79
27
117
559
264
122
120
127

134
178
147
129
115
116
545
293
136
136
136

83

78

74

65

59

60

59

63

70

296 294
61 45

289
56

287
130

284
185

283 278 278
216 237 226

274
213

274
192

273
168

271 268
143 119

157
155
158
148

160
160
159
149

160
160
160
152

160
159
168
144

158
162
170
143

158
167
179
144

155
162
179
143

152
160
170
140

151
162
168
140

152 152
161 ICO
161 160
139 139

162
245
96

161
248
96

151 163 124
256 272 280
97 101 102

129 157 160 191 150
298 305 305 309 309
102 107 111 111 109

134
272
105

169
249
104

147
253
106

129
268
111

290
308
72

302
299
70

305
317
70

297 256 278
323 293 813
71 72 76

329 298
353 319
80 79

342 344 272 356
348 341 288 339
79 79 75 78

329
324
76

297
316
72

307
329
70

201 236
185 198
284 327

233
193
322

219
179
262

218 218
156 164
271 248

228 234
184 203
255 809

250
237
464

252
216
396

266
226
473

279
192
336

260 297 266 215
170 181 187. 172
322 357 344 299

226
163
309

139

123

136

131

153

161

149

139

138

130

141

133

146

73

63

118 127
155 158
131 135
137 94
2
3
127 132
535 558
297 294
117 124
137 152
127 162

199

151

78

85

156
168
179
143

156
164
179
143

61

1919 monthly average- 100
Production:
Lumber * ....
Building contracts.
Stocks:
Beel
Pork
Business finances:
Bond prices (40 issues) .
Banking:
Debits outside New York City
Federal ReserveBills discounted
Totfi' reserves
Ratio
_

102
72

86
69

66
98

42
83

29
70

86

87

114
132
97
. .. 80

._..
......

129
108

141
138

143
157

146
148

151
143

32
91

34
90

34
82

41
88

31
81

26
96

21
89

107

104

108

112

111

113

114

91

95

107

108

121

117

116

91
122
122

28
144
154

39
146
152

19
146
180

26
134
149

21
137
154

21
136
153

117 133
102 106

1E3
135

157
148

140
146

127
137

113
117

130
90

146
150

142
155

148
153

150
141

19
76

17
59

2®
4d

31
45

36
56

34
67

33
74

30
78

25
76

22
76

20
78

112

111

111

111

112

112

114

115

115

116

117 1 17

123

123

113

119

137

121

137

134

114

133

128

122

24
135
153

24
134
154

30
132
149

33
£31
144

30
122
144

32
131
142

39
129
134

23
135
149

28
133
147

33
133
146

27
135
151

24 27
136 136
151 150

141 104
145 166

128

i Wholesale and retail prices from Department of Labor averaged for the month; farm prices from Department of Agriculture.
»Based on the total computed production reported by 5 associations. Includes southern pine, Douglas fir, western pine, North Carolina pine, and California white
pine. The total production of these associations in 1919 was equal to 11,401,000,000 board feet, compared with a total lumber prod action for the country of 34,552,000.000
board feet reported by the census.
• Data since January* 1925, cover only stocks east of California, and hence are not directly comparable with figures for earlier periods.




WEEKLY BUSINESS INDICATORS
[See table on page 5]

VVHE AT RECEIPT s

3
BlTU1vllN ous CO AL, 1 ROC)UC Tlo^J
• gglJAN.

FEB:

MAR. APR.

JUNE JUUY

AUG.

3EPT. OCT.

DEC.

1 'ISK 1ER 'S \WHOLES ALE PR ICE IND EX

.UNEJULYlAOa

320

Ill'

TTT-

" '1

14

°f_s

x*
x

"•. ^>
^

inn
IUU
sol

1 1

i i 11 1

60 •MJ.

y

\T* \/

+••+'
w ..-••

•s

MM

105

'""•

*

/

L>

240

111

LLJJ

U1 1

1 11

f

80

LUMBER PRODUCTION
innL -•*• ^>
IUL)f
80

1

v>-

xv

>

E*/*^

\f

.-•••

10

••*•**'

%

:j

&J\

'\>*

¥

*.

*..

/;
/•;

\

f. *"\

•••/'

100

M 11 M 1

COTTON RECEIPTS

140
120

r

y

.••••.

f,

k

100

8
CQ

280

:"'••

\

80

\

s
\

-\

V***

/
/

240
200

•'•-'

...«•

I"
3 120
LU

«...

sw

^100'

86

WHEAT PRICE N0.2 RED WINTER

—

C**^
"'•"

*s

'*

120

100
80
60

ir/TT

r

"•••

vr

-"' y

r-..
i

100

/"• \ /

i

nf\-~v 1.^

80 jf—-i

160

J *lAl- iJ • |yM5
JMftfll
i r

,

.*•

\l Hi TTI^
i\if
Mr

inn
IvX/
80
60
40

JAN

L
FEB




1
MAA

i

1
APR

1 11

111 1 1

MAY- [JUNE JULY

v

V*

' V. :L

140

:

120

inn

PEPT

11

J 11
NOV

DEC

J

•Yv.« •-...

y
11 1 1

VM M

1 11

1 11

.*«...

80

A

M
M,M

120

.-•••• ..,-

DEBITS TO INDIVIDUAL ACCOUNTS,.

\AA A ^7 v
y r-

,M

111 t i

MM

c/^LL

140

Iv ^\ IiVi
, /•/
EL

t
inrv

:. •** '^ " :::

••f
'

i i i

-./ 1

]11

MONEY RATES

J
A

V

••Y

i

?

V

•

V

60

P

:\
120

te

60

/

40

11

111
MAR

J\*
J\

r.

^
FES

^

^

MM

1 1 1

1 1 1

Mil

I I ! 1 il

1 ! 1

1 11

BUSINESS FAILURES (NUMBER')

•

\

JAN

1 1 1 _l i ! 1 1

\

80

11

• »•.•.•!!

100

IfiO

• ••

^

\<\

^

80

f

AUQ.

:

I20J

180

*..*

111

:'

fc.v-j

j:

i:

r

' 1

HOG RECEIPTS

'

1

120

140]

40

J

MM

LOANS AND DISCOUNTS (F.R. MEMBER BANKS)

no

/\

\f\f\

1 11 1 11

120

160

BUILDING CONTRACTS
180

130

CATTLE RECEIPTS

?

Odl.

200

•vUU- I! 1

^

CAR LOADINGS

****.

«...L.\

L_x
1

140

/

140
120

£

160

"•
*~—"

J .****
^

/\

I80|

/"
IMkM

**•.'

90

PETROLEUM PRODUCTION(DAiLY AVERAGE }
,'•""

X

I80|

0

1

i

:

.**

V.

^«

^ •^*

;

120
^<
100
80 ^ \

40
UJ

"•-•

'
.
.

160

/'

^

100
\

.*

J

* . •••

60

-A

w*~+» •s««-

,

**•».. X

|f\S>

/'*

rS

A ..• ^••'

IRON AND STEEL COMPOSITE PRICES

105

320
160

'*v

60
360

BEEHIVE COKE PRODUCTION

*....

•«.„. ••"•*

*—•. "NM^

1

1 11

,

COTTON PRICES MIDDLING NEW YORK

|on_

on

1

•-*'

•-....•

I

vj

!

L

60] ^l 1

:

v.

"•*•,

'

/

\

' V ••*.•*•

v

/ A
/:

I

s,.
1\s*

\

I9O

inn

\
\

100

/•

160

LLL

*. ( *\
"*••' \

j

280

i 11

! 1 I

/

* •x
1 LI M M

MAY JUNE" JULY

•v f
V
1 11

AUfl. SEPT

1925
1926

100

r^N.»

MM

OCT.

111
DEC

^L .
i Lv
>V H/
111
L
IMI

60
JAN

FEB

APR

MAY

A

A

I/sX

JUNE JUL>

"*\8
• % /

•<

*.•

1 11

MM
AUQ. SEPT

OCT.

DEC.

WEEKLY BUSINESS INDICATORS
Receipts of cotton

Receipts of cattle

Receipts of bogs

Wholesale prices

Price of No. 2 wheat

Bank loans and
discounts

Debits to individual
accounts

56.1
59.6
56.6
56.1

128.8
123.9
120 5
119.2

109.4
108.5
108.0
109.0

125.1
134.4
184.9
150.4

69.2
58.2
55.6
60.5

26.4
20.9
18.7
17.4

82.6
86.2
70.1
86.2

91.5
91.2
89 5
87.5

102.4
102 2
102 9
103 9

93.2
89.4
91 3
92.5

92.5
91.6
91 1
90.9

151.2
157 7
152 0
146 3

112.7
112. 8
112 9
113.0

115.9
110. 7
126 5
115.5

103.0 90.1
93 9 94.5
90 9 105 7
112 1 97.0

July 4
11
18
25

81.0
95.2
98.8
102.9

90.0
98.6
108 1
107.1

52.6
56.6
55.7
54.8

118.0
118.0
116 0
115.8

95.0
108.0
111.1
113.2

142.5
124.0
132.0
134.6

59.9
91.4
93.3
140.5

13.6
13.6
24.3
26.8

101.0
100.6
106.4
100.3

65. 1
69.3
77 0
64.3

103.5
103 8
104 6
104 5

89.8
91.7
92 1
95.5

91.1
91.1
91 1
91. 1

128.5
132 5
127.6

114.4
113.6
113 7
113 3

129.4
116.6
10 4
119.9

121.2 92.3
100.0 77. 1
97 0 101 0
100.0 106.0

Aug. 1
8
15
22
29

104.2
109.8
113.0
. 115.9
122.6

113.3
112.4
115.7
120.0
115 7

53.5
53.9
53.9
63.2
72.4

115 9
117.3
116 1
116.3
116 0

114.7
115.6
117. 1
118.7
123 6

202.6
168.0
179.4
194.4
153.8

165.9
143. 9
122. 2
108.1
108.3

40 0
31.9
45 5
71.9
116 6

104.8
109.0
117.4
119.0
114.8

67 8
63.5
62 1
57 7
61 5

104 8
105 1
104 6
103 4.
103 9

94 0
92.8
89 8
89.4
86 4

91 1
91.1
91 1
91 1
90 6

129 3
136.6
139 0
135 8
137 4

113 1
113.8
114 4
114.4
114 4

107.1
120.1
109.5
114.6
105 9

100 0
106. 1
97 0
100.0
106 1

89.3
90.1
79 4
92.5
86 3

Sept. 6
12
19. ..
26

119.3
110.0
119.9
125.3

117.6
112.4
119.0
115.7

72.8
73 2
75.0
77.2

117.3
116 9
116.9
115.5

121.2
107.2
120.7
123.2

152.4
97.7
162.3
136.0

136.0
158. 1
170.4
180.6

177.9
197 0
244.3
279.1

113.8
89.7
109.6
122.8

62.8
56 8
61 8
62.0

103 2
103 0
103 6
103.1

85.7
90 6
92.5
90.2

90.6
90 9
90 9
91.0

137.4
139 0
140 7
138.2

115.3
115 0
116.3
116.6

111.5
95 3
128.1
122.3

100.0
106 1
100.0
118.2

82.3
70 2
89.1
89.6

Oct. 3
10
17
24
SI

121.3
128.7
129.7
133. 2
137.5

114.8
116.7
114.8
116.7
116.7

82.0
89 0
99.1
98.2
114. 5

114. 9
114 9
114.2
113.3
113.2

122.3
121 6
121.6
123.3
120.0

234.8
132 0
117.6
130.6
157.8

149.0
113.4
90. 7
74.6
81.0

311.9
309 4
337.4
327.7
325 1

142.8
156.6
155.9
149.5
143.7

78.1
73 4
70 7
70.6
80 6

102 3
101 7
102 0
101.7
102 9

87.5
83 4
81.9
82.3
74.7

91.1
91 1
91. 1
91.5
92 4

125 2
130 1
138 2

118.3
118 2
118 6
118.7
118 9

126.9
138 7
118.0
137.5
122.4

121.2
112 1
100.0
103.0
121.2

87.3
90.5
83.8
80.6
92.8

Nov. 7
14
21
28

134.1
134.0
138.8
127.8

114.8
112.4
113.8
106.2

128.1
129.4
124.6
128.5

112.8
111 8
112. 5
112 1

116.9
115. 5
116.3
101. 5

175.8
141.5
147.2
104.3

95.8
86. 5
104. 5
104.7

323.8
288.5
289.8
285 1

136.7
124.4
119.0
88.7

85.0 103.3
87. 5 103 4
97.6 103.6
79.0 104 2

79.2
78.9
78.5
80.8

93.6
94. 3
94.5
94.6

136.6
138.2
137.4
140 7

120.0
119.9
119.9
119 4

131.8
114.4
145.8
124.4

112.1 88.1
109.1 102.7
112.1 109.0
121.2 95.3

Dec. 5
12
19
26

141.8
142.2
139.8
92.9

108 1
110.5
111 4
72.9

130 7
127. 6
137 3
114.5

111 9
111.2
110 5
109.8

112.2
110.9
106.4
77.1

181.4
142. 1
142 3
110.2

117.3
116.3
104. 1
74.4

293 6
283.0
242 6
206.8

123.5
125.1
119.3
65.3

110 0
110.2
102 8
70 6

105 1
103.6
102 7
102 9

78.5
74.3
73.2
74.7

95 3
95.2
95 2
95.2

143.9

119 8
120.2
120 4
120.8

124 7
123.9
141 4
133.6

121.2 105.0
124.2 107.5
124.2 112.7
142.4 83.1

Jan. 2
9
16
23
30

117.5
143. 5
144.0
136.9
138.4

56 7
81.4
94 3
101.9
103 8

128 5
127.2
136 4
150.4
148 7

108 2
107.7
106 8
105 7
103 8

81 5
99.7
103 0
101.3
101 7

152 3
131.8
119 2
182.7
115 5

41 6
75.7
63 0
55.9
53 0

174 0
132 8
112 3
119 6
106 0

71.4
103.9
105.1
102.2
83 3

97 2
122 7
112 5
94 7
102 0

103 8
103 8
103 4
103 7
104 0

78.1
78.5
79 6
78. 9
78 5

95 5
95.5
95 5
95.3
94 9

152 8
153.7
152 8
152.8
148 8

121 8
121.3
120 2
120 0
119 3

109 8
153.2
129 8
135.2
124 0

145.5
97.0
109 1
97.0
109 1

Feb. 6
13
20 . .
27_

134.0
132.3
126.8
120.0

108.1
110 5
108. 1
107.1

161.0
158 8
154.8
140.4

104.5
104 3
104.3
105.6

100.6
100 8
102.4
100.3

93.2
77 0
102.8
146.7

51.9
48 9
60.8
40.6

101.3
97 9
87 7
71.1

87.8
85 5
78.8
82.3

94 4
93 7
79 0
80 9

104 0
103 3
102 0
101 3

78.5
78 5
78.5
75.1

94.9
94 9
94.7
94.7

156. 1
148 8
145 5
147.2

119.6
119 8
119 4
119.2

132.4
123 3
121 7
107.7

112.1 128.9
118.2 94.8
115.1 118.9
127.3 104.0

Mar. 6
13
20
27

115.2
117.8
113.1
106.0

109.5
111 4
114 8
118.1

115.8
115 4
115 4
109 7

105 3
106 1
105 8
106 0

106.0
106 3
107 4
106 4

106.4
119 6
167 0
157.1

45.7
36 6
42 1
42.1

68 5
65 5
68 1
71 5

81.0
83 3
85 9
88.4

90 1
82 9
85 6
78 6

100 3
99 9
100 1
98 8

73.6
74 0
72 8
72.8

94 7
94 7
94 6
94 6

139 0
137 4
142 3
130 1

119 8
119 0
119 3
119 3

143 5
121 7
133 6
122 2

112.1 120.4
103 0 122. 1
103 0 97.5
118.2 110.2

Apr. 3.
10
17
24

99.6
103.8
102.5
102. 1

116.7
115.7
119.0
118 1

102 6
100.0
102.2
100 0

106 7
106.7
106 4
107 2

102 0
102.2
106. 1
107 0

165 1
207.4
184.9
128 6

31 4
39.4
33.6
42 4

57 4
51.9
48 1
43 0

69.8
74.3
82.0
88 7

59 9
68 9
74 8
74 6

98 9
98 2
98 8
98 5

73 2
72.8
72.5
71 3

94 6
93 8
93 8
93 6

136 6
142 3

120 2
119 4
118 9
118 7

124 0
133 1
126 2
129 6

115 1 98.5
97.0 99.8
109.1 108.2
84.8 117 9

May 1
8
15
22
29

100. 5
99.6
102.4
102 3
106 7

111. 4
109.5
111 4
112 4
113 8

92 1
93 0
89 3
92 5
85 1

109 1
109 3
109 6
108 9
110 3

109 4
109 5
113 2
114 2
118 8

165 2
166 4
147 2
190 0
168 3

41 9
42 3
37 3
43 4
58 2

49 4
43 4
44 3
39 6
40 4

99.0
98. 1
87 1
86 8
95 8

78 7
74 5
66 5
72 1
78 7

97 9
98 5
99 2
99 6
99 4

71.3
72 5
71.7
70 9
71 3

93.4
93 4
93 3
92 8
92 5

134.1
135 8
137 4
134 1
135 0

119 3
119 8
119 4
118 9
118 7

117 3
134 2
119 7
125 6
118 8

93.9
93.9
90 9
97 0
97 0

122.6
100.3
104.2
102.7
108 0

June 5
12
19
26

95 4
106.0
104.7
108.5

105 2
112.4
114.8
109.5

85 5
86.0
80.7
82 0

110 1
110.4
110.3
110.8

104 0
116.5
114.7
116.8

124 5
150.9
134.3
150.6

44 3
44.7
42.3
68.3

36 6
34.0
27.2
18 3

95 5
92.9
94.2
85.9

75 7
92 0
75 7
71 4

98 9
100 1
99 2
99 0

70 9
68.7
69.4
70.2

92 1
91.7
91.5
91.5

120 3
126.8
125.2
117 9

119 4
118.9
120.2
119 3

117 0
121.4
129.8
123 0

100.0
97.0
90.9
103.0

84.8
94.0
99.5
99 5

July 3
10
17
24
31

104.5
91.5
111.6

105.2
84.8
107.1

71.5
77 2
79 4

111.7
111.5
112 6

117.9
99.0

125.6
158 2
162 8

106.0
166.1
171 6

20.4
14 5
22 1
22.1

96.5
90.0
104 2

72 1
70 7
67 1

97 9
98 2
97 9

69.1
72. 1
70 2
71.3

91.8
91 8
91 7
91.7

109.8

120.9
120 3
119 8

126.8
130 3
129 3
129.8

115.1
109.1
103.0
97.0

92.3
76.1
88. 1
89.3

§
1
t»»

iI
3

Business failures

Receipts of wheat

113.8
115.7
112.4
112.4

Price of iron and
steel (composite)

Building contracts

Price of cotton middling

Carloadings

92.3
95.0
92.6
95.4

WEEK
ENDING 2~-

Beehive coke production

June 6
13
20
27

Bituminous coat
production

Petroleum production

Lumber production

Ml dafcm are given as relatives to the weekly average for ±922 to 1924 as 100, except wholesale prices, which are based on 1923 to 1924 average

1925

1926

120 3
117.1

93.0
137.3
142.5
127.6
128.4

Aug. 7
14
21
28
1
Sources of data are as follows: Bituminous coal and beehive coke production from U. S. Department of Commerce, Bureau of Mines; Lumber production, based on four
ass9ciations, from the National Lumber Manufacturers Association; Petroleum production (crude) from American Petroleum Institute; Loadings of freight cars from American
Railway Association; Building contracts from F. W. Dodge Corporation; Receipts of wheat from Bradstreet's; Receipts of cattle and hogs from U. S. Department of Agriculture,
Bureau of Agricultural Economics; Receipts of cotton from New Orleans Cotton Exchange; Wholesale prices (Fisher's index), based on 1923-24 as 100, from Professor Irving
Fisher; Price of cotton, middling, from New York Cotton Exchange; Price of iron and steel, composite, from Iron Trade Review; Price of wheat, No. 2, red, cash, from Chicago
Board of Trade through U. S. Department of Agriculture, Bureau of Agricultural Economics; Loans and discounts of member banks and debits to individual accounts from
Federal Reserve Board; Call-money rate from Wall Street Journal; Business failures from R. O. Dun & Company.
* The actual week for all items does not always end on same day.




6

WHOLESALE PRICES IN JUNE
COMPARISON WITH SAME MONTH

COMPARISON WITH
PREVIOUS MONTH
DECREASE INCREASE

COMMODITIES

20

10

0

10

20

COMPARISON WITH SAME MONTH

1924

1925
DECREASE
50 40

-30

20

INCREASE
10

0

10

20

30

40

50

DECREASE
60

70

80 50 40

30

20

INCREASE
10

0

10

20.

30

40

50

60

70

80

FARM PRODUCTS. AVERAGE PRICE TO PRODUCER
WHEAT
CORN
POTATOES
COTTON
COTTONSEED
CATTLE,BEEF
HOGS
LAMBS"
"WHEAT. SPRING
WHEAT, WINTER
CORN. NO.,2
OATS
BARLEY---RYE, NO-2

TOBACCO. BURLEY
COTTON
WOOL^ GREASE (BOSTON)
CATTLE. STEERS
HOGS. .HEAVY
SHEEP. EWES
SHEEP. LAMBS
FLOUR. SPRING
FLOUR. WINTER
SUGAR. RAW
SUGAR. GRANULATED
COTTONSEED OIL
BEEF. CARCASS
BEEF STEER ROUNDS
HAMS. SMOKED (CHICAGO) COTTON YARN
COTTON PRINT CLOTH
. COTTON SHEETING
WORSTED YARN
WOMEN'S DRESS GOODS
SUITINGS
SILK. RAW
•
HIDES. PACKER'S
HIDES. CALFSKINS
LEATHER. CHROME ( BOSTONSLEATHER. SOLE , OAK
BOOTS AND SHOES ( BOSTON )-BOOTS AND SHOES (ST. LOUIS)
COAL. BITUMINOUS
COAL. ANTHRACITE
COKE"
PETROLEUM
PIG IRON. FOUNDRY
PIG IRON, BASIC
STEEL BILLETS. BESSEMER""
COPPER ----LEAD
TIN
ZINC

-----

;

-

—

LUMBER. PINE. SOUTHERN
LUMBER DOUGLAS FIR
BRICK. COMMON (NEW YORK)
CEMENT
STEEL BEAMS
RUPOER. CRUDE
SULPHURIC ACID




20

10

Q

10

20

DECREASE INCREASE

50 40

30

20

10

Q

40

50

INCREASE

DECREASE
* NO CHANGE

60

70

8050 40
.

30

20

DECREASE

10

Q

10

20

30

40

50

INCREASE

60

70 80

WHOLESALE PRICE COMPARISONS
NOTE.—Prices to producer on farm products and market price of wool are from U. S. Department of Agriculture, Bureau of Agricultural
^.yuvuuuTui Economics;
j^wiiwiiiics, nonferrous
uoiiierrous metal
uieuu
fro:
om 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
...
repre*
See diagram on page 6.

seimt prices to producer or at mill.

(dollars)

PER CENT
INCREASE (+) OR
DECREASE (— )

May, 1926 June, 1926 June, 1925

June, 1926 June, 1926
from
from June,
May, 1926
1925

ACTUAL PRICE

RELATIVE PRICE

(1913 average^ 100)

Unit

COMMODITIES

May,
1926

June,
1926

June,
1925

FARM PRODUCTS— AVERAGE PRICE TO PRODUCERS
Wheat
Corn
Potatoes
Cotton
Cottonseed _ _
Cattle, beef
Hogs
Lambs

. _

1.421
Bushel
.671
Bushel
2.448
Bushel
.160
Pound . _.
30.84
Ton
.0657
Pound
Pound
.1197
.1178
Pound

1.389
.686
1.901
.161
31.89
.0656
.1280
.1207

152.7
111.0
84.4
23.0
36.48
.0646
.1082
.1162

-2.3
+2.2
-22.3
+0.6
+3.4
-0.2
+6.9
+2.5

-9.0
-38.2
+125. 2
-30.0
-13.6
+1.5
+18.3
+3.9

179
109
410
133
142
111
160
193

175
111
318
134
146
111
171
198

193
180
141
192
167
109
144
190

1.64
Bushel
1.66
Bushel
.72
Bushel— „.42
Bushel
.69
Bushel
.84
Bushel
22.60
Cwt
.189
Pound
.42
Pound
9.06
Cwt
13.29
Cwt
7.05
Cwt
14.20
Cwt

1.53
1.48
.72
.41
.68
.91
21.00
.186
.42
9.59
13.96
5.31
16.13
s

1.62
1.82
1.10
.51
.89
1.09
25.00
.242
.50
10.50
12.70
5.63
14.87

67
-10.8
0.0
2 4
-1.4
+8.3
-7.1
-1.6
0.0
+5.8
+5.0
-24.7
+13.6

-5.6
-18.7
-34.5
-19.6
-23.6
16 5
-16.0
-23.1
-16.0
-8.7
+9.9
-5.7
+8.5

200
180
114
111
110
133
171
148
168
106
159
150
182

168
150
114
108
109
143
159
145
168
113
167
113
207

177
184
176
135
142
171
189
189

8.49
7.40
.042
.055
.15
.160
.159
.310

8.68
7.39
.041
.054
.16
.160
.162
.340

8.53
7.51
.044
.055
.11
.175
.173
.263

+2.2
-0.1
-2.4
-1.8
+6.7
0.0
+1.9
+9.7

+1.8
-1.6
-6.8
-1.8
+45.5
-8.6
-6.4
+29.3

185
192
120
128
200
124
121
187

189
192
118
127
215
124
124
205

186
195
126
128
148
135
132
158

FARM PRODUCTS-MARKET PRICE
Wheat No 1 northern spring (Chicago)
Wheat No 2 red, winter (Chicago)
Corn contract grade No 2 cash (Chicago)
Oats contract grades cash (Chicago)
- - Barley fair to good malting (Chicago)
Rye No 2 cash (Chicago)
Tobacco, burley, good leaf, dark red (Louisville) - . _ _ _
Cotton, middling upland (New York)
.
Wool M bloodcombing, Ohio and Pennsylvania fleeces (Boston)
Cattle steers, good to choice, corn fed (Chicago)
Hogs heavy (Chicago)
Sheep ewes (Chicago)
__ _ _ _
Sheep, lambs (Chicago) _

. -

_.n

FOOD
Flour standard patents (Minneapolis)
Flour, winter straights (Kansas City)__
Sugar 96° centrifugal (New York)

- -- - __

Cottonseed oil prime summer yellow (New York)
Beef fresh carcass good native steers (Chicago)..
Beef, fresh steer rounds No. 2 (Chicago).Pork smoked hams (Chicago)
.

_.
_.

Barrel
Barrel
Pound
Pound
Pound
Pound
Pound
Pound

•

CLOTHING
Cotton yarns, carded, white, northern, mule spun, 22-1 cones (Boston)..
Cotton-print cloth, 27 inches, 64 x 60-38M"-5.35 -yards to pound
Cotton sheeting brown 4/4 Trion (New York)
Worsted yarns 2/32's crossbred stock, white, in skein (Boston)
Women's dress goods, French, 35-36 inches at mills, serge
Suitings, wool, dyed blue, 55-56 inches, 16-ounce Middlesex (N. Y.)
Silk raw Japanese, Kansai No. 1 (New York) _. . .
Hides green salted packer's heavy native steers (Chicago)
Hides calfskins No 1, country, 8 to 15 pounds (Chicago) _._
Leather, chrome calf, dull or bright "B" grades (Boston)i
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)

123
158
120
191

.357
.076
.095
1.40
.73
3.51
5.73
.129
.168
..45
.45
6.40
5.00

.349
.073
.093
1.40
.73
3.29
5.88
.133
.167
.45
.43
6.40
4.98

Short ton _ _ 3.39
11.48
Long ton
Short ton __ 2.94
1.900
Barrel

3.39
11.47
2.84
2.050

Long ton... 20.64
Long ton... 18.38
Long ton... 35.00
.1360
Pound.. _.
.0775
Pound
.6017
Pound
Pound . . . _ .0682

45.76
Mfeet
16.50
Mfeet
Thousand.. 17.00

Pound
Yard
Yard
Pound
Yard
Yard
Pound
Pound
Pound
Squarefoot.
Pound
Pair
Pair

-2.2
-3.9
-2.1
0.0
0.0
-6.3
+2.6
+3.1
-0.6
0.0
-4.4
0.0
-0.4

-13.4
-21.5
-4.1
— 19.9
-8.7
-8.6
-7.7
-9.5
-16.5
-2.2
-10.4
0.0
-3.3

144
143
155
180
230
227
158
70
89
167
100
206
158

141
138
152
180
232
213
162
72
89
167
96
206
157

163
174
158
225
254
233
175
80
106
171
107
206
163

3.39
10.96
2.90
18.00

0.0
-0.1
-3.4
+7.9

0.0
+4.7
-2.1
+13.9

154
216
121
203

154
216
116
219

154
206
119
193

19.71
18.00
35.00
.1366
.0803
.5841
.0711

20.06
18.05
35.00
.1340
.0832
.5489
.0699

-4.5
—2.1
0.0
+0.4
-3.6
-2.9
+4.3

-1.7
-0.3
0.0
+1.9
-3.5
+6.4
+1.7

129
125
136
89
177
136
124

123
122
136
89
184
132
129

125
123
136
88
190
124
127

44.63
16.50
17.00

44.14
16.50
15.50

-2.5
0.0
0.0

+1.1
0.0
+9.7

199
179
259

194
179
259

192
179
236

0.0
-5.1
-10.2
+2.7

-5.7
-7.5
18.1
+7.1

163
129
47
73

163
123
43
75

173
132
77
70

.403
.093
.097
1.75
.80
3.60
6.37
.147
.200
.46
.48
6.40
5.15

FUEL
Coal, bituminous, mine run lump (Cincinnati)
Coal anthracite chestnut (New York tidewater)
Coke, Connellsville (range of prompt and future) furnace —at ovens
Petroleum crude Kansas-Oklahoma—at wells
METALS
Pig iron, foundry No. 2, northern (Pittsburgh).
Pig iron, basic, valley furnace
Steel, billets, Bessemer (Pittsburgh)
_
Copper ingots, electrolytic, early delivery (New York)
Lead pig, desilverized, for early delivery (New York)
Tin pig, for early delivery (New York)
Zinc, slab, western (St. Louis) _
BUILDING MATERIAL AND MISCELLANEOUS
Lumber, pine, southern, yellow flooring, 1 x 4, "B" and better (Hattiesburg district)
.
.
Lumber, Douglas fir, No. 1, common s 1 s, 1 x 8 x 10 (Washington)
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)




Barrel
Cwt ... .
Pound
.
Cwt -_

1.65
1.95
.383
.73

1.65
1.85
.344
.75

1.75
.200
.420
.70

PRODUCTION OF PIG IRON AND UNITED STATES STEEL CORPORATION'S UNFILLED ORDERS
[June, 1926, is latest month plotted]
14,000

600

COMPARISON OF AUTOMOBILE PRODUCTION AND NEW BUILDING CONTRACTS
[June, 1926, is latest month plotted]

800
600

T

-BUILDING CONTRACTS AWARDED^
( 27 STATES )

\

-

- O
Q

5 200
W
Z

100

TOTAL AUTOMOBILE
PRODUCTION

m
60
40

LOCOMOTIVE SHIPMENTS AND UNFILLED ORDERS
[June, 1926, is latest month plotted]
4.000
2,000




-800

9
MIDYEAR STATISTICAL SUMMARY OF COMMERCE AND INDUSTRY: 1922-1928
The following table contains a review of production
and distribution by principal industries and branches
of commerce for the first half of 1926, with comparisons
since 1922. A similar presentation for the entire year

1925 and comparisons since 1921 was given in the February, 1926, issue of the survey together with a chart
showing the more important movements in business
and industry during the year 1925 by quarters.

VOLUME OF PRODUCTION AND DISTRIBUTION IN 1926, JANUARY-JUNE, INCLUSIVE
1922

ITEM

1923

1924

1926

1925

ITEM

1922

1923

1924

1925

1926

BUILDING AND BUILDING MATERIALS—

FOODSTUFFS

Corn grindings (bu — 000 omittsd)
Sugar meltings (long tons— 000 omitted) Fish catch (Ibs.— 000 omitted)
Meat production, inspected slaughter
(Ibs.— 000,000 omitted) :
Beef products _
Pork products
Lamb and mutton products -_
Cottonseed oil production (Ibs. —000,000
omitted)
Wheat flour production (bbls. —000,000
omitted)

continued

32 049 33, 445 38, 830 34, 342
2, 925
97, 719

2,493
82, 493

38, 746
2,718 1 Brick production (000 omitted) :
2,452
2,734
94, 901 113, 488 120, 839
Face brick (average per firm)

2,329
3,696
201

2,447
4,726
225

2,438
4,735
219

2,570
3,948
233

2,707
3,845
248

312

378

386

630

731

52

56

60

56

47

Cement (bbls.—000 omitted) :
Production
Shipments
Sanitary enamel ware shipments (pieces—
000 omitted) :
Baths
Lavatories
Sinks
.

3,009

4,009

3,730

4,153

4, 076

46, 918
48, 029

62, 731
62, 562

66, 787
62,496

72,842
70,086

71, 673
70, 958

423
546
561

540
608
665

600
748
802

632
745
773

618
717
709

1,075
117

1,879
202

1,852
203

1,946
240

2,177
272

14, 747
300
16, 710

20, 367
460
25, 034

18, 903
311
23, 447

23, 361
306
30, 242

23, 013
274
29, 419

690
8,830

761
9,783

754
7,188

763
7,741

844
6,520

87
395

110
451

111
422

114
441

97
352

AUTOMOBILES AND TIRES
TEXTILES

Consumption (000 omitted) :
Wool (pounds)
•.
Cotton (bales)
Silk (bales)
_.
Production (000 omitted) :
Fine cotton good (pieces)

__

314
2,967
170

353
3,541
195

264
2,816
167

263
3,345
240

240
3,396
237

2, 207

2,672

2,125

2,574

2,501

METALS

Production (000 omitted) :
Iron ore consumption (tons)
Pig iron (long tons)
Steel ingots (long tons)
Steel sheets (short tons)
Tin (consumption —long tons)
Production (short tons) :
Zinc..Copper
Sales (short tons—000 omitted) :
Structural steel
Steel castings

MISCELLANEOUS

17, 860
12, 051
16, 027
989
28

32, 661
20, 842
23, 327
1,508
33

26, 284
17, 414
19, 737
1,353
35

28, 765
19, Oil
22, 383
1,698
39

29, 812
19, 847
24, 261
1,775
40

, _ _ _ 154, 000 274, 544 277, 474 293, 192 319, 300

195, 000 352, 819 "393, 107 429, 792 432, 588
996
415

1,095
705

1,034
485

1,109
452

1,275
538

401

1,521

756

619

896

RAILWAY EQUIPMENT

Locomotive shipments (number)
PRODUCTION OF FUEL AND POWER

Coal (short tons—000 omitted):
Anthracite
Bituminous__
Coke (000 omitted— short tons) :
Beehive..
By-product
Petroleum products (000,000 omitted) :
Crude petroleum (bbls. — 42 gal.)
Gasoline (gals.)
Kerosene (gals )
Lubricants (gals )
Gas and fuel oil
Electrical energy, central stations (Kw.
hours— 000,000 omitted) :
Total
By water power
By fuels
_

22, 992 50, 041 44, 757 43, 969 36, 254
193, 727 282, 865 235, 260 234, 886 267, 506

3,416
13, 167
270
2,828
1,055
450
5,100

10, 856
18, 901
342
3,711
1,134 "
547
5,777

6,493
17, 534

5,303
19, 751

6, 617
22, 015

355
4,393
1, 201
588
6,582

370
5,241
1,278
644
7,310

359
5,817
1,282
668
7,325

29, 095
10, 467
18, 628

31, 462
11,368
20, 094

35, 330
12, 985
22, 347

Contracts awarded (36 States—000,000
omitted) :
Total floor space (sq ft )
Total value (dolls.)
Lumber production (board feetr-000,000
omitted):
Southern pine
Douglas fir _ _
California redwood
California white pine
Western pine
_
North Carolina pine
Northern hemlock
Northern hardwoods.
Northern pine lumber
Northern pine lath
Oak flooring
Maple
flooring
_ _ __

Production (000 omitted) :
Newsprint paper (short tons)
Sole leather (backs bends and sides)
Naval stores receipts (barrels—000
omitted) *
Turpentine
_ _ _
Rosin__ __
.,
-- DISTRIBUTION

Sales (dollars —000 omitted) *
155, 062 209, 018 216, 278 235,947 252, 272
4 mail-order houses
5 ten-cent chains
- 119, 759 144, 212 161, 290 180, 515 197, 275
244, 009 310, 061 344, 991 421, 153 507, 064
27 grocery chains
Advertising, agate lines (000,000 omitted):
13
9
12
13
14
M^agazine
600
594
596
541
629
Newspaper 22 cities
166
149
155
132
179
Postal receipts (dollars—6o"o, 000 omitted) .
Foreign trade of United States (dollars—
000,000 omitted) :
2,363
1,946
2,090
1,821
2,207
Exports
2,064
1,850
1 419 2,088
Imports
2 304
PRICE INDE^ NUMBERS

(Monthly averages, relative to 1913}
Farm prices
Wholesale prices (404 commodities)
Retail food prices (22 commodities)

' 122
144
140

135
157
143

132
149
144

147
158
152

141
153
162

115
1,796

202
1,868

212
1,626

61.93
109. 31
72.86

79.22
138.83
77.04

89.55
160.83
79.88

4,456

5,133

5,675

BANKING AND FINANCE

22, 349
8,705
13, 644

27, 456
10, 270
17, 186

BUILDING AND BUILDING MATERIALS^




Automobile production (000 omitted) :
Passenger cars
Trucks
Rubber tires production (000 omitted) :
Pneumatic tires
Solid tires
Inner tubes

2,523
2,533
279
210
576
307
140
180
262
70
122
62

363
2,099

390
2,322

407
2,660

434
2,990

2,701
2,973
312
479
813
283
162
271
308
81
184
72

2,756
3,018
306
482
840
293
123
272
281
68
196
56

2,882
3,205
268
530
840
321
90
267
296
76
248
51

2 724
3,302
273
677
861
297
101
271
245
62
272
53

Securities'
Sales (000 000 omitted)—
133
139
Stocks (shares)
1,548
2,293
Bonds, total (dolls.)
Prices, monthly average (dolls.)—
62.80
59.13
25 railroad stocks _
91.13 111. 50
25 industrials
- 72.27
72.58
40 bonds
Banking and insurance (dollars —000 000
omitted) *
4,129
3,316
Life insurance, new business
Debits to individual accounts—
95 615 113 932
Outside New York City
120 439 125 871
New York City
Bank clearings —
96 013 95 478
Outside New York City
New York City
109 441 112 227
Interest rates mo average (per
cent)——
4 34
4 85
New York call loans
4 92
4 56
Commercial paper 60~90 days
Business failures"
374
Liabilities (dollars —000 000 omitted)
259
Firms (nnmhpr)

13,384

9 724

11 8971 124 737 133 409
127 532 154, 042 172' 424
95 193 105 576 111 469
119 466 141, 872 150 191

3.90
4 50

3.91
3 83

4 43
4 15

304
10, 785

239
11 420

210
11 476

10
BUSINESS SUMMARY
[Index and relative numbers based on the 1919 monthly average as 100—except unfilled orders which are based on the 1920 average—enable comparisons to be made of the
relative condition of the several phases of business. The use of index and relative numbers is more fully explained on the inside front cover, and details of this
summary are given in the table entitled "Indexes of Business," beginning on page 21]
•

TEAELY AVERAGE

1925

19*8

1924

119

113

114
136
117
102
121
144
106

119
126
117
118
119
152
108

125
116
132
113
111
126
169
138

130
86
119
115
49
130
159
158

STOCKS (45 commodities; seasonal
adjustment)
UNFILLED ORDERS (relative to 1920) _.

119
74

135
52

145
56

SALES (based on value) :
Mail-order houses (4 houses)
Ten-cent chains (5 chains)
._
Wholesale trade ..
Department stores (359 stores) _.

99
165
83
124

105
185
82
125

PRICES (recomputed to 1919 base) :
Producers , farm products.
Wholesale, all commodities
Retail food
Cost of living (including food)—

65
75
78
94

CHECK PAYMENTS (141 cities—Seasonal adjustment)
FACTORY EMPLOYMENT (1919 base)—
TRANSPORTATION :
Net freight ton-mile operationCar loadings (monthly total)
Net available car surplus (end of
mo.}

PRODUCTION:
Manufacturing (64
commodities— Adjusted)1. ...
Raw materials, total
Minerals
Animal products
Crops . - . .
Forest products
Electric power
Building (awards— floor space) __

April

1925

May

PER CENT INCREASE (+)
OR DECREASE (— )

1926

May

June, 1926,
from
May, 1926

June, 1926,
from
June, 1925

June

April

128
93
140
114
55
132
160
149

128
94
139
120
55
134
160
144

132
89
123
110
57
123
178
157

129
94
135
118
57
131
179
154

129
100
145
122
63
133
181
143

0. 0
4-6.4
+ 7.4
+ 3.4
+ 10. 5
+ 1.5
+ 1.1
»7. 1

+ 0. 8
+ 6. 4
+ 4.3
+ 1.7
+ 14. 5
-0.7
+ 13. 1
-0.7

141
54

145
53

143
51

157
51

161
48

159
48

-1.2
0.0

+ 11.2
-5.9

118
209
84
131

117
195
79
136

95
191
79
128

102
187
83
126

121
202
80
133

105
214
82
137

107
204
84
130

.+ 1.9
-4.7
+ 2.4
-5. 1

+ 4.9
+ 9. 1
+ 1.2
+ 3.2

64
73
78
95

70
77
84
98

70
76
81
96

70
75
82
96

71
76
83
97

67
73
87
98

67
74
87
98

67
74
86
97

0.0
0.0
1l
-1.0

-5.6
-2.6
+ 3. 6
0.0

103
93

110
84

127
84

122
85

124
84

126
83

142
86

128
85

131
84

+2.3
-1.2

+4,0
+ 1.2

115
119

108
116

115
122

102
107

112
139

102
114

110
109

121
148

118

-20. 3

+ 3.5

25

139

146

204

196

185

167

156

154

-1.3

-16. 8

June

i See p. 28, Jan., 1925, issue (No. 41), for details of adjustment.

COURSE OF BUSINESS IN JUNE
GENERAL CONDITIONS
Industrial output in June remained at the same
level as for the preceding month and was slightly
higher than a year ago. Increases over the previous
month occurred in such important items as lumber,
locomotives, textiles, cement, copper, and sugar, while
declines from May appeared in the pig-iron, steel,
coke, petroleum products, meat slaughtering and
automobile industries. Most of the important industries showed an improvement over June, 1925,
declines being recorded only for automobiles, crude
rubber, slaughtering, petroleum, naval stores, zinc,
and lead. Carloadings of merchandise, in June, were
larger than a year ago. Wholesale and mail-order
trade was larger than in May, while retail trade
declined seasonally. Both wholesale and retail trade,
however, were above the totals for June, 1925.
Check payments, which are indicative of the general



volume of business, after adjustment for seasonal
variations, were 2 per cent larger than in May and 4
per cent above a year ago. Wholesale prices were 3
per cent less than in June, 1925, but were unchanged
from the previous month.
Rates of interest on commercial paper were slighty
less than in May and were the same as a year ago,
while bills discounted by the Federal reserve banks
were considerably larger than for either prior period.
The Federal reserve ratio was slightly less than at the
end of either the preceding month or of June, 1925.
Prices of stocks showed little change from the preceding month but were considerably above the prices
prevalent a year ago. Business failures were smaller
both in number and in defaulted liabilities than in
either the preceding month or in June, 1925.

11
SUMMARY OF INDEXES OF BUSINESS
PRODUCTION

Manufacturing output in June, after making allowances for variations in the number of working days,
remained the same as for the previous month and was
only slightly higher than a year ago. Most of the industry groups showed larger production than in May,
exceptions occurring in the iron and steel, chemicals
arid oils, and miscellaneous groups. Compared with
a year ago, increases of from 1 to 21 per cent occurred
in all the groups except foodstuffs, nonferrous metals
and miscellaneous, each of which declined, and leather
which remained the same. Raw material output increased both from the previous month and a year ago,
all groups participating in the increase over May and
all groups, except forest products, being larger than a
year ago. Among the minerals declines from the previous month were noted in the production of copper,
lead, zinc, and gold, while declines from June, 1925,
took place in petroleum, lead, gold, and silver. Among
the animal products only the marketings of eggs increased over the previous month, while those of cattle
and calves were unchanged. The marketings of hogs

and of eggs increased over a year ago. Of the marketings of crops, fruits and cotton products were only
about one-half the total for May, fruits also being less
than a year ago. Of the forest products, pulp wood
and distilled wood were produced in smaller quantities
than during the previous month, w^hile the production
of lumber and of pulp wood declined from June, 1925.
COMMODITY STOCKS

There was a slight decrease in the index of stocks
on hand on June 30 as compared with" that for the
previous month when corrected for seasonal variation,
although the unadjusted index was 4 per cent larger
than for May. All classes of stocks, after adjustment
for seasonal variation, declined from the previous
month's level except stocks of manufactured commodities, which remained the same. Compared with a
year ago the adjusted index showed an increase of 10
per cent, there being increases in each of the groups
comprising the total except in the case of manufactured commodities, which declined 5 per cent from
June 30, 1925.

RELATIVE PRODUCTION, STOCKS, AND UNFILLED ORDERS FOR MANUFACTURED COMMODITIES
[1920 monthly average=10Q. Adjustment has been made for both stocks and production for their respective seasonal movements. Unfilled orders are principally those
of iron, steel, and building materials. June, 1926, is latest month plotted]

SALES

Unfilled orders of iron and steel remained the same
as for the previous month although they were 3 per
cent less than a year ago, with forward orders for building materials less than for either prior period.
Wholesale trade showed a slight increase both from
the previous month and a year ago, increases from
the previous month in sales of groceries and drugs
more than offsetting declines in sales of hardware,
shoes,
and dry goods. Compared with a year ago



each of the classes increased except dry goods, which
declined 6 per cent, and hardware, which remained
unchanged. Mail-order houses showed a slight improvement in sales, increasing over the previous month
by 2 per cent and over June, 1925, by 5 per cent.
Chain and department store sales, on the other hand,
declined from the previous month except in the case
of music stores. All classes of chain and department
stores, however, showed substantial increases over
June, 1925.

12
PRICES

Prices received by producers of farm products remained the same for all groups as during the previous
month but were 6 per cent lower than a year ago.
Increases from May in the prices of meat animals and
in cotton and cottonseed offset declines in the prices
of grain, fruits and vegetables, dairy and poultry, and
unclassified products. Compared with a year ago the
only increases were those in fruits and vegetables and
in meat animals.

The wholesale price index remained the same as for
the previous month but was 3 per cent lower than a
year ago. The only increase over the previous month
was that of 2 per cent for food, wholesale prices of
clothing, building materials and miscellaneous goods
showing slight declines, while other classes of commodities were unchanged. Compared with a year ago
increases in the wholesale prices of food and fuel were
more than offset by declines in the other commodities
comprising the total. The commercial indexes showed
declines from both periods.

WHOLESALE PRICE COMPARISONS, BY GROUPS
[June, 1926, is latest month plotted]
300

\^^-B\JILDING MATERIALS
280

METALS AND METAL PRODUCTS

100

EMPLOYMENT

Factory employment continued to decline in June,
increases in the number employed in food products,
iron and steel, tobacco products, and stone, clay, and
glass factories being insufficient to offset the declines in

REVIEW BY PRINCIPAL BRANCHES OF INDUSTRY AND COMMERCE
TEXTILES

June receipts of wool at Boston declined from the
previous month, the seasonal decline in receipts of
foreign wool more than offsetting the seasonal increase
in the receipts of domestic wool. The consumption of
http://fraser.stlouisfed.org/
wool by textile mills, on the other hand, was slightly
Federal Reserve Bank of St. Louis

the other major groups. As compared with last June,
however, the index of factory employment was greater,
the only decreases being in textile, lumber, leather, and
tobacco factories. Pay-roll payments were the same
as for the previous month but were larger than a
year ago.
larger than in May. The activity of wool machinery
was also slightly greater than during the previous
month, due to the greater number of hours of operation
in June, the number of active machines of each kind,
except cards, being smaller than that reported during
the previous month. Prices of raw wool and yarns

13
showed little change from. May; the price of suitings,
however, declined sharply, averaging lower than for
any month since October, 1922.
RAW COTTON CONSUMPTION AND EXPORTS
[June, 1926, is latest month plotted]

Prices of raw cotton showed little change, although
prices of yarn and of woven goods continued to decline. The finished cotton-goods industry made a
seasonal decline in activity from the previous month,
billings and shipments being larger than and orders
and stocks practically the same as a year ago. The
production of fine cotton goods was considerably
smaller than for either the previous month or for
June, 1925.
The consumption of silk, as evidenced by deliveries
to the mills, was larger during June than during the
previous month but was less than a year ago. Stocks
at warehouses declined from the previous month and
were also smaller than at the end of June, 1925.
IRON AND STEEL

SPINDLE ACTIVITY IN COTTON MILLS
[June, 1926, is latest month plotted]

The receipts of cotton into sight continued to decline seasonally from the previous month but were
considerably larger than in June, 1925. Cotton consumption was slightly larger than for the previous
month despite a decline in the number of active
spindles operated.
WHOLESALE PRICES OP TEXTILES AND CLOTHING
[June, 1926, is latest month plotted]

1920

I

IS2I




1922

J923

1325

I

19-26

Shipments of iron ore from the mines and receipts
at the ports of destination were larger than during the
previous month or the corresponding month of 1925.
The total of such shipments and receipts for the
season up to the end of June, however, was considerably smaller than last year and for this reason stocks
at the end of June were at a lower level than a year ago.
Consumption of iron ore and production of pig iron
were somewhat smaller than during May but were
considerably larger than a year ago. The number
and capacity of furnaces in blast also declined from the
previous month but exceeded those of a year ago.
Pig-iron prices continued to decline. Most of the
industries engaged in the manufacture of partial or
wholly finished iron and steel products reported lessened activity. The unfilled orders of the United
States Steel Corporation again declined. The production of steel ingots and of steel castings were each
less than for the previous month. The production of
black, blue, and galvanized full-finished sheets, while
slightly larger in actual tons, was less in the per cent of
capacity, than in May, although the sales and unfilled
orders of sheets were considerably larger than for the
previous month. Bookings of fabricated structural
steel were less and shipments greater than in May,
while production, shipments, unfilled orders, and stocks
of steel barrels showed increases from the previous
month and, except in the case of stocks, from June,
1925. Prices of iron products were generally lower
than during May.
Activity among machinery manufacturers increased
in June. Sales of washing machines and of mechanical stokers were larger than during either the previous
month of June, 1925, while the index number of new
orders for machine tools stood at a much higher
point than for either prior period. On page 14 are
given data on domestic pumps and water systems
for each of the first five months of the current year.

14
DOMESTIC PUMPS AND WATER SYSTEMS: 1926 1
SHIPMENTS
ITEM AND MONTH

Number
of units

Total:
January
'
February _ _ _ _
__
__.
March
April__
.
_
May
Electrically-driven :
Deep-well—
January
February
March
April
May.. _
.. _.
Shallow-well, piston typeUnder 500 gallons per hourJanuary
February _- .
March
April
May
500 gallons per hour and overJanuary
February.-.
_ _ .
March
April
.
-.
May
All other typesJanuary
February
March .
_
__
_
April
May__
_
O asoline-engine-dri ven, pneumatic :
January
_
February
March
_
April
May
Hand-operated, pneumatic:
January
February
March
April
May
-

Net sale
price

Stocks,
end of
month

3,955
5,002
5, 028
5, 994

A. 60S

$360, 843
300, 777
394, 724
399, 524
484, 269

4,804
5,301
5,756
5, 930
5, 815

560
458
519
516
653

49, 770
41, 346
54, 167
60, 192
73, 929

739
623
550
552
660

3,371
2,766
3,565
3,631
4,038

258, 405
215, 153
278, 014
276, 193
320, 165

2,957
3,476
4,079
4,349
4,089

260
139
283
231
312

32, 572
24, 054
30, 193
28, 641
35,604

383
394
389
373
479

63
136
221
364
621

5,500
7,607
14, 651
20, 565
33, 862

91
105
136
171
152

199
148
231
196
250

13, 260
10, 078
16, 213
13, 146
19,689

387
472
447
319
319

155
308
183
90
120

1,336
2,539
1,486
787
1,020

247
231
155
166
116

1
Data reported to the Bureau of the Census by 17 manufacturers and published
in monthly press releases. A revision of the above figures to include figures from
additional concerns will soon be available.

The following table shows data on the production,
shipments and stocks of galvanized sheet metal
ware for each of the first five months of the current
year as reported by a large portion of the industry:
GALVANIZED SHEET-METAL WARE: 1926l
STOCKS ON HAND,
END OF MONTH

PRODUCTION
YEAR AND
MONTH

Quantity Value
(dozen) (dollars)

ORDERS SHIPPED

Quantity Value Quantity Value
(dozen) (dollars) (dozen) (dollars)
PAILS AND TUBS

January
February
March _
April
May

148, 537
138, 159
120, 396
91, 707
95,929

$471, 577
437,948
406, 955
301, 427
328, 474

115, 087
125, 002
125, 837
109,858
108, 672

$374, 639
390, 530
402, 249
353, 544
366, 133

150, 430
124, 955
116, 036
109, 228
103, 455

$503, 387
462, 656
431, 951
410, 799
378, 988

38, 526
51, 658
60,177
44, 434
57,568

180,
225,
228,
189,
244,

361
292
942
565
642

61, 335
62, 507
66, 989
60, 731
61. 047

229, 482 i
249, 536
246, 434
233, 778
244, 126

43, 441
48, 620
56, 119
48, 182
49, 926

221, 979
257, 784
274, 576
261, 961
279, 851

i Data furnished to the Bureau of the Census by 13 concerns comprising a large
portion of the industry. Press releases issued each month show the current figures
as soon as they are available. Galvanized ware is the product resulting from dipping
made-up shapes in molten zinc and not utensils of galvanized sheets. It is classified as follows:
. _
(a) Pails and tubs include well buckets, cement pails, sap pails, stock pails, fire
pails, water pails and washtubs, but not pails for shipping food or candy, foodcontainer pails, etc.
(6) Other galvanized ware includes steel baskets (but not wash boilers) ash and
garbage cans, stable or street cleaning cans, coal hods (including japanned hods),
feed measures, dry measures (including japanned) refrigerator pans, watering pots,
oil and gasoline cans, chamber pails, and ash and garbage-can covers.

NONFERROUS METALS

The production of copper, both at the mines and
smelters, declined from the previous month, but was
slightly larger than a year ago. Shipments of re

COPPER PRODUCTION AND EXPORTS
[June, 1926, is latest month plotted]

Deliveries of tin were considerably larger in June
than in either the previous month or in June, 1925,
while tin stocks in the United States at the end of
June were slightly larger than for either prior period.
The price of pig tin at New York averaged lower than
in May but was 6 per cent higher than a year ago.
The production of primary zinc was less than, in May
but slightly larger than a year ago, the number of
zinc retorts in operation being less than for either
prior period. Zinc stocks at refineries also declined
from the previous month but were 12 per cent greater
than a year ago. Shipments of ore from the Joplin
district were lower than for either the previous month
or for June, 1925, while stocks of ore increased over
both periods. Zinc prices averaged slightly higher
than for either comparative period. The production
of lead was less during June than in either the previous
month or June, 1925. Shipments of ore also declined
from both comparative periods. The price of desilverized pig lead, while slightly higher than in May,
was less than a year ago.
RELATIVE PRODUCTION AND STOCKS OF ZINC
[1913 monthly average =100. June, 1928, is latest month plotted]

OTHER

January
February __March _. .._
April
May

fined copper were larger and stocks smaller than for
the previous month or a year ago. Stocks of blister
copper also declined from May, but were larger than
at the end of June, 1925. Activity in the copperusing industries was less than during the previous
month, the sales of tubular plumbing continuing to
decline, while new orders and shipments of brass
faucets were considerably less than for either the
previous month or a year ago.

15
FUELS

The production of coal was larger than for either
the previous month or the corresponding month a year
ago, the production of both bituminous and anthracite
coal increasing over the previous comparable periods.
Coal prices showed little change. The production of
coke declined from the previous month but was larger
for both beehive and by-product coke than in June,
1925. The price of coke continued to decline.

Imports of wood pulp, both mechanical and chemical,
were larger than in May, imports of chemical wood
pulp also being considerably larger than a year ago.
NEWSPRINT PAPER PRODUCTION AND MILL STOCKS
[June, 1926, is latest month plotted]

PRODUCTION OF BEEHIVE AND BY-PRODUCT COKE
[June, 1926, is latest month plotted]

1922

1923

19.24

1925

1926

BUILDING CONSTRUCTION

AUTOMOBILES

The production of passenger cars and trucks was
smaller than for the previous month, the production of
passenger cars also being less than in June, 1925.
Compared with a year ago truck production, however,
showed an increase of over 20 per cent.
HIDES AND LEATHER'

Hides and leather prices showed comparatively
little change from the previous month but were considerably lower than a year ago. The June production of boots and shoes was 12 per cent greater than
that recorded for either the previous month or June,
1925. Shoe prices showed slight declines in some
lines.
PAPER AND PRINTING

The production of newsprint paper slightly exceeded that of the previous month and was 10 per cent
larger than a year ago. Imports were also larger than
for either prior period and stocks at mills, while
slightly larger than at the end of May, were considerably smaller than a year ago. Shipments of
sales books exceeded those of the previous month but
were less than in June, 1925. Book publications declined both from the previous month and a year ago.
The production of paper-board shipping boxes increased slightly from the previous month and was 20
per cent greater than in June, 1925, both corrugated
and solid fiber boxes participating in the increase over
the two prior periods. Activity in the book paper
industry remained about the same as for the previous
month and for a year ago, although new orders were
Digitized forsubstantially
FRASER
larger than for either prior period.


Building costs showed little change during June,
although such changes as did take place were downward.
Contracts for new construction awarded in 36 States
were less in square footage than for either the previous
month or for a year ago and were only slightly higher
in value than in May, while the value fell short of
those awarded in June, 1925, by 3 per cent. All classes
of building declined in square footage from the previous
month, although contracts for industrial and residential buildings showed a larger contemplated area
than in June of last year. The value of the June contracts exceeded those of the previous month for all
types of buildings except for residential construction
and public works and utilities. Compared with a
year ago, on the other hand, industrial and residential
buildings were the only classes which showed increases
in value.
LUMBER PRODUCTS

No uniform tendency was noted during June in the
lumber industry. Production increases from the
previous month were reported for walnut, western
pine, California white pine, northern pine, Douglas
fir and southern cypress, while decreases occurred in
the case of southern pine and California redwood.
Increases over the production of a year ago were noted
only for western and California white pine. Shipments of western pine, California white pine and
northern pine were larger than for either the previous
month or June, 1925. Shipments of southern pine
were larger than a year ago, while those of walnut
exceeded the May total. New orders for northern
pine lumber also exceeded those of either the previous
month or a year ago, while new orders for southern
pine and California redwood declined from both
periods, those of southern cypress were less than in
May and those of Douglas fir less than a year ago.
Stocks of southern pine were smaller and those of

16
western pine, California white pine and all hardwoods
larger than for either of the previous periods, while
stocks of walnut only slightly exceeded those of the
end of May. Unfilled orders for gum, oak, and other
hardwoods, were larger than those for either earlier
period, but those for southern cypress declined May 31.
Of the lumber products for which figures are available,
only the flooring industry showed increases in activity.
Production, shipments and bookings of both oak and
maple flooring were larger than for either the previous
month or for a year ago with the single exception of a
slight decline from June, 1925, in the bookings of oak
flooring.
Stocks of both kinds of flooring declined from those
reported at the end of May but exceeded those of a
year ago; and unfilled orders, while slightly larger than
for the previous month, were less in each case than at
the end of June, 1925. Shipments and unfilled orders
of household furniture and case goods, however, declined from the previous month but exceeded those of
a year ago. New orders and unfilled orders for piano
benches and stools also declined from May, while the
value of shipments of such goods increased. Bookings and shipments of plywood were slightly larger
than for the previous month but less than a year ago,
while unfilled orders declined from both prior periods.
STONE, CLAY, AND GLASS PRODUCTS

The production and shipments of Portland cement
continued to increase while stocks continued to decline seasonally. Production, shipments, and stocks
were all larger than a year ago. Contracts for concrete pavements were 24 per cent greater than for May
and were slightly larger than for June of last year.
Production, shipments, orders received, and unfilled
orders of paving brick exceeded those of the previous
month but except in the case of orders received were
less than a year ago. Stocks of paving brick, on the
other hand, were less than at the end of either prior
period. The production of face brick also exceeded
that reported for either the previous month or for a
year ago, while shipments showed little change from
either period. Stocks of face brick, on the other hand,
declined but slightly from the previous month and were
considerably larger than a year ago, while unfilled
orders were less than for either prior period. The
quantity and value of architectural terra cotta booked
during June fell considerably short of that reported
for either the previous month or June, 1925. Shipments of the various kinds of enameled sanitary ware
uniformly increased from the previous month, shipments of baths and lavatories also being larger than
a year ago. New orders for enameled sanitary ware,
on the other hand, were less than during May for all
classes except lavatories and were uniformly less than
a year ago. Unfilled orders for each kind of enameled
sanitary ware fell short of the totals for either the
previous month or a year ago and stocks, while de


clining from the previous month, were, except in the
case of miscellaneous goods, considerably larger than
on June 30, 1925.
PRODUCTION, SHIPMENTS, AND STOCKS OF CEMENT
[June, 1926, is latest month plotted]

CHEMICALS AND OILS

The production of refined methanol in the United
States was considerably larger than for either the
previous month or a year ago. Canadian production,
however, declined from both prior periods: Stocks of
refined methanol in the United States were lower
than for either comparative period and those of
Canada less than for the previous month. The
receipts and stocks of turpentine and rosin increased
seasonally from the previous month, the receipts of
both kinds of naval stores being larger and stocks of
turpentine about the same as a year ago. Stocks of
rosin, however, were much smaller than at the end of
June, 1925, and in consequence of this, the price
increased considerably. Imports of potash and nitrate
of soda were much smaller than for either the previous
month or for June of last year. Stocks of cottonseed
and production and stocks of cottonseed oil declined
seasonally from May and, except for stocks of cottonseed, were less than a year ago.
COTTONSEED OIL PRODUCTION AND STOCKS
[June, 1926, is latest month plotted]

CEREALS

Receipts and shipments of wheat at the principal
primary markets were less than a year ago, receipts
being greater and shipments less than for the previous

month. The visible supply of both the United States
and Canada decreased seasonally, that in the United
States being smaller, and that in the Dominion of
Canada larger than a year ago. Wheat prices continued to decline.
WHEAT RECEIPTS, EXPORTS, AND VISIBLE SUPPLY
[June, 1926, is latest month plotted]

either prior period, and the local slaughter, while
greater than in May, was 9 per cent less than a year
ago. The shipments and local slaughter of sheep
exceeded those of either the previous month or of a
year ago. Prices of each kind of livestock except ewes
advanced over the previous month, the prices of hogs
and of lambs also being higher than a year ago. Coldstorage holdings of beef declined, and those of pork and
lamb increased from the previous month. Lamb was
the only meat product, however, for which the cold-storage holdings on June 30 exceeded those of a year ago.
INSPECTED SLAUGHTER OF CATTLE, CALVES, SHEEP, AND HOGS
[June, 1926, is latest month plotted]

Receipts of corn, on the other hand, were considerably larger than in either the previous month or a
year ago, while shipments were less than for either
prior period. The visible supply of corn was larger
than for the previous month and more than twice
that of a year ago. The visible supply of barley and
of oats, while less than in May, exceeded that of last
June. Receipts of hay and shipments of potatoes
were larger than for either the previous month or a
year ago, shipments of apples, citrus fruits, and
onions, while considerably less than in May, being in
each case much larger than a year ago.
WHOLESALE PRICES OP FARM PRODUCTS
[June, 1926, is latest month plotted]

Exports of condensed and evaporated milk exceeded
those of the previous month but were considerably less
than a year ago. Prices of both, however, remained
practically the same. Receipts of butter and cheese
in the five principal markets exhibited large seasonal
increases over the previous month, the receipts of
butter being much larger and those of cheese smaller
than a year ago. Cold-storage holdings of each
increased seasonally and were larger than a year ago.
SUGAR, COFFEE, AND TEA

MEATS AND DAIRY PRODUCTS

Receipts of cattle and calves at the principal markets, while less than for the previous month, were
larger than a year ago. Shipments also declined from
the previous month, but local slaughter exceeded that
of either prior period. Receipts of hogs and sheep also
increased over the previous month, although receipts
of hogs were 10 per cent less than in June, 1925. Shipments of hogs, on the other hand,-were less than for
433°—26



2

Imports of sugar declined the previous month, a
decline in the imports from Hawaii and Porto Rico
being more than offset by the increase in the imports
from Cuba and other foreign countries. Meltings
of sugar also increased and were 2 per cent greater
than a year ago. Stocks continued to increase seasonally and exceeded those of a year ago by about 44
per cent, the wholesale price both of raw and of
granulated remaining practically the same, although
the retail price showed a slight increase. Receipts
of sugar at Cuban ports continued to decline. Exports, however, remained practically the same and
exceeded the receipts by 100,000 tons, which resulted
in a corresponding decline in stocks. Receipts and
exports were considerably smaller and stocks larger
than a year ago.

18
HAW CANE SUGAR: TOTAL IMPORTS, MELTINGS. AND REFINERY
STOCKS
[June, 1926, is latest month plotted]

weeks period. The surplus freight cars exceeded
those reported for May but were less than a year ago.
Bad-order freight cars, on the other hand, declined
slightly from the previous month and were almost 20
per cent less than a year ago. Shipments of railway
locomotives in June were substantially larger than
for either the previous month or June, 1925. Unfilled
orders, however, declined from the previous month.
DISTRIBUTION MOVEMENT

REFINERY STOCKS

Keceipts of coffee in Brazil exceeded those of either
the previous month or a year ago. Imports into the
United States were also larger than for either prior
period although clearances from Brazil for this country declined. The visible supply of coffee at the end
of June, both in the United States and in the world,
exceeded that reported for May but was less than a
year ago. Imports of tea were considerably larger
than a year ago.

Sales by mail-order houses were slightly larger and
those of the 10-cent chain stores slightly smaller than
for the previous month. Sales for both types of merchandising units, however, exceeded the sales for June
of last year by considerable amounts. Postal receipts
were slightly larger than in May, the increase in those
for the 50 largest cities more than offsetting the decline
in the 50 next largest cities. The June receipts for both
types of cities were substantially larger than a year ago.
Newspaper and magazine advertising declined sharply
from the previous month, but both types of advertising
were larger than for the corresponding month of last
year.
SALES BY MAIL-ORDER HOUSES AND IO-CENT CHAIN STORES
[June, 1926, is latest month plotted]

WATER TRANSPORTATION

Vessels engaged in foreign trade considerably
exceeded those of either the previous month or a year
ago. The tonnage of vessels completed during the
month also increased greatly over that reported for
either the previous month or a year ago. Traffic
through the Sault Ste. Marie Canal continued to
increase and was larger than for any month since
October, 1923. Ohio River traffic from Pittsburgh
to Wheeling also showed a marked increase over the
previous month and was 85 per cent greater than a
year ago.
RAILROADS

Car loadings for the four weeks ending in June were
substantially larger than for the corresponding month
of last year, all classes of freight participating in the
increase. No fair comparison can be made with the
previous month, since the May figures cover a fiveSURPLUS, SHORTAGE, AND BAD-ORDER FREIGHT CARS
[June, 1926, is latest month plotted]


1 9 2 0 I


LIFE INSURANCE

Sales of new paid-for ordinary life insurance reported
by 81 companies were slightly larger than for the
previous month and considerably larger than a year
ago, all sections of the country except the eastern
manufacturing section participating in the increase
over the previous month. Every section of the
country showed an increase over June, 1925. Premium collections were also slightly larger than during
May and were 11 per cent greater than a year ago.
BANKING AND FINANCE

1 9 2 1 I

1922

1923

1924

1925

1928

The Government debt continued to decline, the
reduction during June being larger than has taken
place in recent months. The quarterly installment
of the income tax resulted in a large excess of Federal
ordinary receipts over expenditures, the receipts being
greater and the expenditures much less than for the
corresponding month of last year.

19
Check payments and bank clearings were larger
both within and without New York City than for
either the previous month or for June of last year.
Bills discounted at the Federal reserve banks were
considerably larger than for either the previous
month or a year ago. Notes in circulation, deposits
and reserves also increased over both prior periods,
while total investments declined from the previous
month. Loans and discounts and the net demand
deposits of the member banks also increased from the
previous month and from a year ago, while other
investments declined from May.
Interest rates on call money were slightly higher
and those on time paper slightly lower than for the
previous month. Sales of stocks on the New York
Stock Exchange were much larger than in either
May or the corresponding month of last year, prices
of stocks also averaging higher than for either prior

period. Bond sales exceeded those of the previous
month and were practically the same as a year ago.
Bond prices changed comparatively little, high-grade
rails and industrials declining slightly in price, while
public utilities and second-grade rails advanced
slightly.
New corporation securities were issued during the
month of June in larger quantities than during either
the previous month or June, 1925. The new securities
issued consisted chiefly of bonds, the stocks issued
LOANS, DISCOUNTS, AND TOTAL INVESTMENTS OF FEDERAL
RESERVE MEMBER BANKS
[June, 1926, is latest month plotted]

BILLS DISCOUNTED AND TOTAL INVESTMENTS OF FEDERAL
RESERVE BANKS
[June, 1926, is latest month plotted]
3,000r
1921

2,500 U




being considerably less than were put out in either
comparative period. Business failures were less,
both in the number of firms and in the amount of
liabilities than for either the previous month or a year
ago, all classes of firms participating in the decline
with the exception of agents and brokers, which
exceeded the total for both prior periods in each
respect.
BUSINESS FAILURES, BY CLASSES OF ESTABLISHMENTS
[Data plotted are 12 months' moving monthly averages. June, 1926, is latest month plotted]
—!

[—

ALL MANUFACTURERS-^^-/

20
GOLD AND SILVER

PRELIMINARY RETURNS, CENSUS OF MANUFACTURES,

June imports of gold were much larger and exports
much smaller than during either the previous month
or during June of last year. The domestic receipts
at the mint were slightly less than for either comparative period. The Rand output of gold, however, exceeded that of May and was 9 per cent greater than a
year ago. Imports of silver also exceeded those of either
the previous month or June, 1925. Exports of silver,
while larger than for the previous month, were 6 per
cent less than for a year ago. The production of silver
increased over May and was the largest for any month
since June, 1925. The price of silver at New York was
little changed from either comparative period.
GOLD TRADE BALANCE: SHOWING EXCESS OF IMPORTS
OR EXPORTS
[June, 1926, is latest month plotted]

INDUSTRY

..I ill I

EXCESS OF EXPORTS

1925

1923

Thousands of
dollars

Cane sugar refining
Corn sirup, corn oil, and
starch
Lead pencils
Cork products .
Matches..
Aircraft
Motor cycles. _.
Bicycles..
__
Pipes, cigar and cigarette
holders
Printing materials .
Manufactured fuel..
Graphite
Crucibles
Steel and brass pens . _
Whips
1

EXCESS OF IMPORTS

H

VALUE OF PRODUCTS

PERSONS EMPLOYED

Per cent minimum month is
cent of maximum
Per cent Per
month
increase
inover
crease i
19231
1925
1923

595, 048

726, 242

—18.1

-7.0

79.3

67.2

132, 873
25, 038
15, 517
23,268
12, 277
12, 802
11, 281

116, 560
24, 568
15, 566
23, 940
12, 945
15, 551
16, 708

14.0
1.9
-.3
-2.8
-5.2
-17.7
-32,5

-.7
-3.3
-6.9
-3.6
-8.4
-33.4
-40.7

83.2
98.7
88.7
88.4
72.1
80.6
66.6

89.4
90.7
89.9
87.5
76.4
81. 1
84.2

7,284
6,525
5,892
2,569
2,322
1,446
308

9,705
4,806
5,584
2,185
3,468
1,171
742

-24.9
35.8
5.5
17.6
-33.0
23.4
-58.5

-18.5
58.6
-37.9
-6.6
-41.7
2.5
-48.5

74.7
86.7
43.2
91.1
77.4
76.7
69.2

90.3
86.2
48.1
85.1
92.1
89.0
81.5

A minus sign (—) denotes decrease.

FOREIGN TRADE AND EXCHANGE
The rate of exchange on most of the foreign countries remained the same as for the previous month,
that with England, Argentina, and Brazil increasing
slightly, while that on France, Italy, Belgium, and
Japan declined. Compared with a year ago only the
French, Italian, Indian, and Belgian rates of exchange
declined.
IMPORTS AND EXPORTS OF MERCHANDISE
[June, 1926, is latest month plotted]

1924

I

1925

I

1926

CENSUS OF MANUFACTURES, 1925

The Bureau of the Census has announced preliminary reports from additional manufacturing industries
collected pursuant to the Census of Manufactures for
1925. The following table summarizes the important
figures and supplements a similar table given in the
July issue of the SURVEY. Further compilations
will appear in future issues as the data relating thereto
are completed. Statistics in greater detail may be
obtained from the bureau's preliminary reports of the
respective industries.




1925

21

INDEXES OF BUSINESS
The index numbers presented in this table are designed to show the trend in production, prices, trade,
etc., in various groups of industry and commerce. They consist in general of weighted combinations of series
of individual relative numbers; often the individual relative numbers making up the series are also given.
The function of index and relative numbers is explained on the inside front cover. A condensed form of this
table is given on page 9. The regular semiannual detailed tables in this issue present comparable data for
earlier years on page 22, and also contain on other pages the remaining indexes usually found in this table.
1925

Maximum
since
Jan. 1,
1920

Minir
mum
since
Jan. 1,
1920

April

180

73

86

-

156
216
137
122
262
150
188
142
131
145

62
105
41
0
0
17
78
38
57
80

Total
.. _ . _ „ - - - _ - - _ _ Wool*
Cattle and calves _ _
_ _ _
Hogs
Sheep
Eggs *
Poultry*
_
.
Fish
Milk (New York) _ _ __ _ _ _ . _ _ _

138
227
143
177
153
245
390
163
190

PEE, CENT INCREASE (+)
OR DECREASE (— )

1926

1

June

April

May

June

June, 1926,
from May,
1926

93

94

89

94

100

+ 6.4

+ 6.4

119
195
87
102
54
140
164
122
85
117

140
216
91
111
212
140
168
127
72
111

139
212
96
106
202
138
173
121
73
116

123
193
103
112
0
145
169
139
77
105

135
198
101
110
156
146
177
142
71
107

145
199
108
• 122
223
140
172
127
69
115

+ 7.4
+ 0. 5
+ 6.9
+ 10.9
+ 42. 9
-4. 1
2 8
-10. 6
-2.8
+ 7.5

+ 4.3
-6. 1
+ 12. 5
+ 15. 1
+ 10. 4
+ 1.4
-0. 6
+ 5. 0
5. 5
-0. 9

80
19
58
64
54
30
21
45
94

115
23
89
87
68
216
68
105
134

114
50
85
88
75
185
83
99
143

120
115
85 \
94
71
171
91
146
155

110
50
83
84
66
176
71
107
140

118
77
91
81
76
190
83
128
148

122
127
91
84
85
170
108
170
156

+ 3.4
+ 64. 9
0. 0
+ 3.7
+ 11.8
-10. 5
+ 30. 1
+ 32. 8
+ 5.4

+ 1.7
+ 10.4
+ 7. 1
10 6
+ 19. 7
-0. 6
+ 18.7
+ 16.4
+ 0. 6

246
242
254
405
310
170

49
43
58
50
19
19

49
43
134
86
42
19

55
61
142
118
28
20

55
79
147
83
12
19

57
56
102
84
52
32

57
56
124
128
43
22

63
87
175
70
20
26

+ 10.5
+ 55. 4
+ 41. 1
-45. 3
-53. 5
+ 18. 2

+ 14.5
+ 10. 1
+ 19. 0
8 4
+ 66.7
+ 36. 8

136
137
164
267
149

61
59
51
20
24

130
129
152
106
99

132
130
130
208
98

134
133
101
251
89

123
125
129
74
109

131
130
132
172
103

133
132
90
263
100

+ 1.5
+ 1.5
31 8
+ 52. 9
-2. 9

0. 7
-0. 8
-10.9
+ 4.8
+ 12. 4

133
137
129
130
151
166
115
127
191
170
195
132
154

71
68
77
54
32
57
63
69
92
69
71
70
37

130
130
97
112
123
152
93
116
156
141
184
107
154

128
128
105
99
118
150
82
113
164
154
185
112
152

128
129
119
94
107
153
79
112
167
157
183
124
153

132
132
100
106
140
154
82
127
164
136
168
116
153

129
129
109
96
135
151
73123
171
163
180
118
147

129
129
118
97
129
156
79
124
169
170
182
128
137

0.0
0.0
+ 8.3
+ 1.0
4 4
+ 3. 3
+ 8.2
+ 0. 8
-1.2
+ 4.3
+ 1. 1
4-8. 5
-6. 8

+ 0.8
0.0
0 8
+ 3.2
+ 20. 6
+ 2. 0
0.0
+ 10. 7
+ 1.2
+ 8.3
-0. 5
+ 3. 2
3 9

May

June, 1926,
from June,
. 1925

PRODUCTION
(Relative to 1919 monthly average as 100)
ttAW MATERIALS

Grand total
MINERALS
Total
Petroleum
Bituminous coal _
Anthracite coal__
Iron ore*
CoDDer
Lead
Zinc
Gold
.- --Silver

--

ANIMAL PRODUCTS (marketings)

CROPS (marketings)
Total
.
Grains *
Vegetables *
Fruits *

_-

Cotton products * _ _

Miscellaneous crops *_
FOREST PRODUCTS

Total
Lumber
Pulp wood
Gum (rosin and turpentine) *
Distilled wood

-

MANUFACTURING

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

__

* Fluctuations between maximum and minimum due largely to seasonal conditions.



99

Table 1.—INDEXES OF PRODUCTION
[Index numbers for base year in bold-faced type]
FEDERAL, RESERVE BOARD
INDEXES

DEPARTMENT OF COMMERCE INDEXES

Raw materials 2

Manufacturing
(64 commodities),1
by groups

YEAR AND MONTH
Unadjusted

Adjusted

Total

Minerals
(9 commodities)

AgriculCrop Animal
ture 3 (40 Minings
(8 commarket- products
Forestry
commodiings (36 (9 com- (13 com- modities)
commodities)
modimodities)
ties)
ties)

Relative
to 19091913 av.

Relative to 1919

22 basic
comManu- modifacturties ^
ing 3
(48 com- (corrected for
modi- seasonal
ties)
element)

Relative to 1919

100
98
79
101
119
113
125

100

100
98
103
107
113
118
115

114
126
98
109
147
138
144

100
111
91
95
131
123
127

100
94
112
113
102
118
111

100
95
98
106
117
117
113

100
102
86
110
121
119
126

100
91
105
110
108
117
111

100
117
92
95
132
122
127

100
102
80
104
124
115
129

100

98
79
101
119
113
125

1934
January __ _
February
March
April

118
117
124
118

113
122
124
118

109
101
94
87

140
134
132
118

130
124
122
108

93
87
71
54

119
105
107
118

111
114
117
129

105
96
86
77

138
130
128
110

123
124
128
123

121
121
117
114

May
June
July
August

112
100
101
109

108
104
101
109

95
91
98
123

139
137
141
142

126
125
128
129

60
56
73
129

124
117
117
108

132
120
111
124

87
87
100
120

114
110
113
116

113
98
97
105

104
94
95
94

114
121
110
112

114
116
114
112

153
180
156
143

148
156
135
135

134
141
122
124

193
246
195
158

110
112
125
138

119
123
114
108

152
193
160
143

124
134
122
130

113
124
113
117

103
109
108
117

January
February
March
April

122
115
129
130

117
124
129
130

120
95
97
86

145
124
129
130

133
113
118
119

119
81
75
49

113
102
112
115

116
111
125
130

118
88
86
72

141
119
123
118

127
120
134
132

127
124
120
119

May
June __
July
August _

128
128
128
122

128
128
128
122

93
94
99
116

153
152
160
165

140
139
145
151

55
55
69
106

114
120
111
107

133
134
126
132

79
83
88
104

125
125
129
136

129
125
126
121

111
110
113
109

122
136
123
122

122
131
128
122

151
158
146
141

145
154
141
133

132
139
128
122

191
196
174
164

105
115
119
123

130
136
120
118

152
166
149
148

121
130
125
129

126
141
129
129

111
116
115
121

122
120
137
132

122
130
132
132

111
92
97
89

133
123
141
133

122
113
130
123

109
79
70
57

107
95
113
110

108
114
126
123

108
88
85
75

129
115
137
127

129
125
142
137

120
120
123
122

129
«129

129
8129

94
«100

164
•183

135
«145

57
63

118
8122

131
«134

85
91

128
131

134
133

117
118

1919
1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average. _ _ _ _
monthly average
monthly average
monthly average
monthly average

_

_

September
October
November
December

105
80
98
120
108
116

1935

_

September.
October _
November
December

_

1936
January
February
March
April
May
June
July . . .
August

September __ _
October
November
December _
-

1 Weighted average of 64 commodities (glass bottles having been dropped from the original 65 commodities), representing about 36 per cent of the entire manufacturing
industry, based on value added by manufacture, as compiled by the U. S. Department of Commerce, Bureau of the Census: For details see January, 1923, issue (No. 17) and
January, 1924, issue (No. 29) of SURVEY OF CURRENT BUSINESS. The adjusted index eliminates changes due to the varying number of working days in each month, thus
enabling comparison of productive activity to be made on a basis of 26 working days for each month. Details of the method employed appeared in January, 1925, issue
(No.2 41), p. 28.
Weighted averages, compiled by the U. S. Department of Commerce, Bureau of the Census, representing 87 per cent of minerals, 94 per cent of crops, 99 per cent of
marketed livestock and its products, and 80 per cent of forest products: For details, see the following issues of SURVEY OF CURRENT BUSINESS: Minerals, May, 1922 (No. 9)
and September, 1922 (No. 13); crops, July, 1922 (No. 11); animal products, June, 1922 (No. 10); forestry, August, 1922 (No. 12); total, September, 1922 (No. 13). The indexes
relative to 1919 are weighted in accordance with production in that census year, while the mineral index relative to the five-year pre-war average is weighted by the
aerage value of mineral production in the years 1909 to 1913.
3 Weighted averages compiled by the Federal Reserve Board: For details see issues of the Federal Reserve Bulletin for March, 1922, and March, 1924.
averages compiled by the Federal Reserve Board and corrected for seasonal variations: For details, see December, 1922, issue of the Federal Reserve Bulletin.
 *& Weighted
Partly estimated.



23

Table 2.—INDEXES OF COMMODITY STOCKS AND UNFILLED ORDERS
[Index numbers for base year in bold-faced type]
STOCKS i (held at end of month)
Unadjusted indexes

Total 2

Raw

foodstuffs

i

Adjusted for seasonal element

Raw

YEAR AND MONTH

UNFILLED ORDERS 2

material

Manufactured
for
manu- foodfacstuffs
ture

Raw

Manufactured
commodities

Raw

Total 2

foodstuffs

material

Manufacfor
tured
manu- foodfacstuffs
ture

Manu-

fac- 1
com-

tured

Iron
and
steel

Total

Building
materials

modities

Relative to 1920

Relative to 1919
i

1919
1920
1921
1922
1923
1924
1925

monthly averace
monthly average
monthly average _ _ _
monthly average
monthly average
monthly average . _ _
monthly average . .

100

100

100

96
132
126
119
134
145

89
161
192
144
152
170

106
147
110
111
119
134

100
94
78
72
81
85
78

100
98
135
117
130
162
174

1OO
47
62
74
52
56

100
48
54
57
39
43

100
41
95
129
106
109

130
129

[
1924
January
February
March
__ __ _ __
April.

A

132
140
145
135

148
182
209
174

130
116
103
97

76
77
75
73

156
161
164
1C5

134
135
136
136

157
166
171
1G1

125
117
110
109

74
75
79
86

161
161
161
163

63
63
61
54

47
47
46
40

Mav
June
July
August

128
124
121
120

148
128
112
114

90
84
82
83

74
87
100
102

168
169
164
159

140
133
129
133

174
151
145
156

105
98
95
100

86
87
89
87

169
169
161
164

47
43
44
46

35
32
31
32

98
87
96
107

September
October
November
December

127
142
144
155

119
145
154
191

116
168
181
174

100
93
83
82

15.7
157
158
162

134
135
135
144

145
148
152
186

118
130
134
136

90
86
84
88

165
160
155
152

46
43
53
62

34
34
42
49

97
81
99
114

1925
January
February
March _
April

162
164
159
144

216
230
236
195

157
137
118
104

85
83
73
69

172
178
176
176

155
151
150
141

186
181
193
172

149
139
128
119

87
86
80
74

178
177
173
174

62
63
58
54

50
50
46
42

115
115
105
104

May
June
July .
August

135
136
125
124

170
164
122
118

93
89
84
88

64
76
91
91

177
179
175
173

145
143
133
142

191
182
149
158

107
102
100
119

73
76
83
78

177
178
173
185

53
51
51
52

39
37
36
36

107
106
113
121

September -_
October
November
December

139
141
144
161

133
120
134
196

153
194
193
199

87
77
73
71

171
172
172
172

148
131
132
15S

160
113
128
206

155
144
142
155

79
73
74
75

181
176
170
161

52
53
58
64

38
43
47
51

109
94
101
119

165
166
164
159

218
237
250
243

181
163
142
123

72
69
65
65

175
175
173
172

167
164
154
157

228
227
198
206

169
163
153
141

74
74
80
95

179
174
170
169

61
57
55
51

48
44
43
38

114
110
105
104

149
155

215
227

114
109

65
79

170
171

161
159

235
229

133
132

84
81

170
170

48
48

36
36

100
98

._
___

1926
January _
February
March
April
May
June __
July
August

'

_.

.

*

.

124

112

September

October
November
December _
1

i

""":::::[::":::::
!
i

Weighted index of stocks of commodities in hands of manufacturers or in other visible hands at the end of each month compiled by the U. S. Department of Commerce, Bureau of the Census, from data on 45 commodities. Details are given in the February, 1924, issue (No. 30) of the SURVEY OF CUEBENT BUSINESS, while seasonal
eliminations
are given in the April, 1924, issue (No. 32).
2
Weighted index of unfilled orders of manufacturers in the iron and steel and building industries at the end of each month compiled by U. S. Department of Commerce,
Bureau of the Census: For details see May, 1923, issue (No. 21).




24

Table 3.—INDEXES OF WHOLESALE PRICES
[Base year in bold-faced type]
COMPILED BY U. S. DEPARTMENT OF LABOR 1

Farm
products

Food,
etc.

Cloths
and
clothing

Fuels

YEAR AND MONTH

Metals
and
metal
products

Building
materials

Chemi- House- Miscelcals and furnishing
laneous
drugs
goods

All
commodities

BRADDUN'S 2 STREET'S
'
(1st of
(1st
of
month)
month)

65
43
25
95
20
31
404
37
32
300
56
96
,
commod- commod- commod- commod- commod- commod- commod- commod- commod- commod- commod- commod-i
ities
ities
ities
ities
ities
ities
ities
ities
ities
ities
ities
ities
i

Relative to 1913
100
103
104
123
190
218
231

100
102
105
121
167
188
207

100
98
98
127
175
228
253

100
93
88
126
169
170
181

100
85
99
162
231
187
162

100
92
94
120
157
172
201

100
101
134
181
202
215
169

100
100
100
106
125
153
184

100
95
95
121
148
156
175

100
98
101
127
177
194
206

100
101
105
123
199
190
191

100
97
107
128
170
203
203

218
124
133
141
143
158

220
144
138
144
144
157

295
180
181
200
190
189

241
199
218
135
172
172

192
129
122
144
134
130

264
165
168
189
176
175

200
136
124
131
130
134

254
195
176
183
173
170

196
128
117
123
116
134

226
147
149
154
150
159

207
141
142
157
157
163

204
123
132
145
140
151

May
June
July.
August

136
134
141
145

137
136
139
144

187
187
188
190

177
175
173
170

134
132
130
130

180
173
169
169

127
127
127
130

173
172
171
171

112
111
112
115

147
145
147
150

153
152
153
155

136
133
133
137

September
October
November.December..

143
149
150
157

148
152
154
158

187
188
190
191

168
162
163
165

128
127
129
133

171
171
172
175

131
132
134
135

171
171
172
172

116
120
123
129

149
152
153
157

156
158
160
164

139
141
145
147

163
162
161
153

160
157
159
154

191
191
191
190

168
178
174
169

136
136
134
129

179
183
180
174

135
135
134
134

173
173
170
171

127
125
125
129

160
161
161
156

167
169
167
161

151
151
150
149

Mav
June
July
August

152
155
162
163

153
155
157
159

188
188
189
190

168
173
172
170

127
126
126
127

174
171
170
172

133
133
133
135

171
170
169
169

131
138
143
138

155
157
160
160

160
161
162
164

145
148
150
155

September
October
November
December . _

160
155
154
152

160
158
160
157

189
190
188
187

170
172
175
175

127
128
130
130

174
174
176
177

136
135
135
135

168
168
166
166

135
138
142
138

160
158
158
156

162
161
163
164

153
154
155
156

152
150
144
145

156
153
151
153

186
184
181
177

177
179
175
174

129
128
128
127

178
177
176
173

133
132
132
130

165
164
164
163

135
133
128
127

156
155
152
151

163
161
159
157

152
149
145
142

144
144

154
157

176
175

179
179

125
125

172
171

131
131

162
162

125
123

152
152

156
155
154

140
139
138

1913
1914
1915
1916
1917
1918
1919

monthly average
monthly average _ ___
monthly average _
monthly average
monthly average
monthly average _
monthly average

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

.

1934

1925
Januarv
February
March
Auril

_.-

1926
January
February
March
April
May
June
July
August

_ _

October
November
December
1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, based on monthly averages of weekly quotations of 404 commodities, arranged in 9 groups as
given in the table. In computing this index, the price of each commodity is weighted by multiplying it by the estimated quantity of that article marketed in the census
year 1919. For comparable yearly data since 1890 and monthly data for period 1900 to 1923, see Bulletin No. 367 of the Bureau of Labor Statistics, p. 126. Prices of the
principal
individual commodities making up this index are presented in the SURVEY under their respective headings.
2
Dun's and Bradstreet's index numbers are calculated as of the first of each month, and have been recomputed to a 1913 base from the actual figures as published in these
journals. Bradstreet's index is the sum of prices per pound of the commodities, while Dun's is weighted by the amount "annually consumed by each inhabitant." Monthly
data of Bradstreet's index from 1913 appeared in July, 1923, issue (No. 23), p. 45.




25

Table 4.—COST OF LIVING, FARM, AND RETAIL PRICE INDEXES
FARM PRICES *

Fuel and Eight
YEAR AND MONTH

Food

Shel- Clothing
ter

Sundries
Combined

Fuel

All
items

Fruits Meat
and
Grain vegetaanimals
bles

9
6
5
4
2
5
quota- quota- quota- quota- quota- quotations
tions tions tions tions tions

Light

Relative to July, 1914 s
1909-14 monthly av.
1913 monthly av
1914 monthly av
100
1915 monthly av
100
1916 monthly av
111

Dairy Cotton
and
Unand
poul- cotAH
classi- groups
try
fied
prod- tonseed
ucts
31
quotations

Relative to 1909-1914 average (fiscal years)

!

RETAIL COAL PRICES 2

COST OF LIVING

RETAIL FOOD PRICES 1

[Base year in bold-faced type]

Relative to 1913

100
92
100
83
123

100
108
112
104
120

100
100
101
99
106

10O
97
85
78
119

100
94
95
95
100

100
100
102
100
117

100
102
101
114

100
100
100
104

100
100
102

10O
103
120

100
100
104

100
101
109

100
92
103
120
126

117
152
164
185
184

131
159
172
198
167

217
226
231
231
112

202
162
189
249
148

173
202
206
173
108

133
160
182
197
151

187
245
247
248
101

130
157
162
152
90

176
200
209
205
116

146
168
186
203
153

118
127
151
171
192

1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly av
1921 monthly av

146
173
186
205
156

105
118
129
154
169

143
185
205
261
166

1922 monthly
1923 monthly
1924 monthly
1925 monthly

142
146
146
157

166
173
184
180

155
170
175
174

172
161
161

197
182
181

123
121
121

173
173
174
175

157
161
164
168

105
114
129
156

152
136
125
160

113
106
109
139

135
147
137
143

156
216
211
177

94
109
100
92

124
135
134
147

142
146
146
157

191
194
194
*192

154
151
151
151

184
183
182
182

174
172
173
171

162
162
161
157

183
183
182
176

121
121
121
121

175
175
175
175

167
165
165
165

172
178
172
152

122
131
138
146

123
126
145
146

154
142
134
131

182
183
195
189

94
96
94
94

146
146
151
147

154
151
151
151

194
194
194
187

152
155
160
160

182
182
179
179

172
174
175
175

156
157
157
158

174
175
176
177

121
121
121
121

175
175
175
175

165
167
169
169

159
164
152
157

162
184
178
178

139
139
148
149

132
132
134
139

184
183
186
186

87
86
88
96

146
148
149
152

152
155
160
160

187
188
189
190

159
162
167
166

178
178
178
177

176
176
176
177

161
162
167
166

181
183
190
188

121
121
122
122

174
174
175
176

168
170
172
171

148
135
138
140

142
152
194
194

140
141
136
136

141
154
162
163

178
171
144
139

90
90
95
92

' 144
143
144
143

159
162
167
166

196
199
(6)
(6)

164
162
160
162

177
177
177
176

176
176
176
175

166
169
166
162

189
195
190
184

122
118
118
118

176
175
175
173

170
170
169
168

143
140
133
131

214
218
220
253

140
146
147
146

153
144
137
133

138
142
133
135

87
87
85
83

143
143
140
140

164
162
160
162

(«)
(«)
201
194

161
160

176
176

175
174

158
158

179
179

118
118

173
172

168
167

131
130

240
216

148
154

131
130

130
132

82
81

139
139

161
160

192
192

av
av
av
av

1935
January...
February
March
April
May
June _
July
August

__

September
October
November
December

__

1926
January
February
March
April .
May
June
July
August

September
October. _
November
December

_
_
_

1 The retail food price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, the prices of 22 articles of food being weighted according to their
consumption in working man's families as reported by retail dealers in 51 of the largest cities as of the 15th of the month. Monthly data from 1913 appeared in Bulletin 396
of the
Bureau of Labor Statistics, p. 12.
2
The retail coal price index compiled by the U. S. Department of Labor, Bureau of Labor Statistics, is based on an unweighted average of quotations on Pennsylvania
anthracite, white ash, chestnut, as of the 15th of each month in 51 cities. The annual figures from 1913 through 1920 are based on two quotations a year, on January 15 and
July 15; thereafter monthly averages are used.
3 Index numbers of the cqst-of-liying, compiled by the National Industrial Conference Board, represent, up to March, 1922, retail prices on the first day of the month
except food, which is the retail food index of the U. S. Department of Labor, Bureau of Labor Statistics, for the 15th of the preceding month. Beginning with March, 1922,
from 1923 forward, the monthly data for 1923 to 1925 being shown in the June, 1926, issue of the SURVEY (No. 58), p. 24: segregation for previous years is not available. The
cost-of-living indexes of the U. S. Department of Labor, now compiled only semi-annually, are being omitted from the SURVEY.
* Compiled by the Department of Agriculture, Bureau of Agricultural Economics, as of the 15th of the month. These indexes are based upon prices received by farmers
throughout the country for their respective crops and animal products, as collected by the Department, and are weighted by the average annual marketings by farmers for
the period
1919-23. For the detailed explanation of this index see August, 1925, monthly supplement to " Crops and Markets " published
bythe
theDepartment
~
.of.Agriculture.
. . . .
I by
£
Ten months' average, January to October, inclusive, no quotations being available for other months.
6
No quotations.




26

Table 5.—WOOL
RECEIPTS AT
BOSTON i

YEAR AND MONTH

Total

Domestic

Foreign

STOCKS *
(in grease equivalent, quarterly)

CONIMPORTS SUMPTION
(un(in
manugrease
fac- 2 equivatured)
lent) 3

MACHINERY ACTIVITY *

Total

Wide

Thousands of pounds
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

18, 761
27,906
35, 796
36,683
42, 214
41, 957
39, 918

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

22, 839
28, 589
36, 147
34, 758
26,001
25, 501

1924
September
October
November
December.. _

13, 483
15, 894
15, 142
17, 100
17, 511
15, 275
17, 825

8,809

5,278
12, 012

20,655
19, 583
24, 704
26, 682

22,093

44, 125
54, 510
53, 467
44, 813
43, 857

10, 561
12, 831

12, 129
16, 638
16, 501
31, 873

45, 638
54, 854
48, 380
51,098

35, 569
13, 478
27, 411
15, 140

47,504
37, 725
35, 791
28, 911

51, 435
46, 415
45, 853
43,287

7,340
6,334
7,544

22, 387
20,468
20, 802
34, 449

38, 246
38, 176
40, 781
42, 149

18, 948
23, 920
25, 170
23, 176

44,383
47, 327
43, 471
44, 762

30,048

45, 102
35, 321
48,002
32, 653

41, 446
40, 492
43, 932
40,093

22,639
7,593

24, 119
13, 395

36,237
38, 249

20,238

12,095
16,687

22, 664
9,315

11, 018

14,483

18, 986
15, 626
22, 860
29, 460

14, 865
11, 050
12, 299
16, 629

4,121

38, 987

3,418

18,285

4,807
5,475
4,075

4,576

Narrow

Carpet
and
rug

Sets
of Combs
Wool- Worcards
en
sted

Per cent of active hours to total reported

12, 632
21, 557
34, 393
37, 432
35, 083
37, 811
37, 158
21, 635
26, 722
31,390
32, 854
22, 349
28,271

14, 030
16, 613

11, 977
15, 909

Spinning
spindles

Looms
Held by
manu- Held by
facdealers
turers

8 529, 174 6 183, 917 6 345, 258
7 533, 473 7 247, 412 7 286, 061
8 506, 623 8 291, 318 8 215, 305
480, 867 247, 431 233, 437
383, 100 207, 803 175, 297
352, 061 179, 213 172, 848

391, 248

211, 515

179, 733

359, 612

199, 455

160, 157

75
74
73
86
87
85
71

73
78
73
91
89
84
72

68
65
72
80
74
60
57

79
77
84
90
94
91
83

77
77
78
90
90
86
83

77
75
85
90
93
90
83

74
78
74
90
85
81
79

65
69
68
83
69
69

70
64
65
76
62
64

67
51
77
82
66
72

70
71
89
98
88
86

75
89
91
98
80
77

67
72
87
92
85
84

74
82
79
92
68
67

66
74
77
78

59
65
72
70

65
72
78
76

87
92
92
92

86
98
96
92

86
91
90
92

67
79
76
78

76
75
71
68

72
69
68
68

78
81
86
76

92
93
94
89

89
88
77
67

88
90
92
87

76
74
66
60

66
65
61
63

59
59
52
57

73
70
65
68

86
82
80
82

58
64
65
77

85
83
79
79

54
53
54
65

69
72
74
70

61
67
68
64

65
64
69
67

85
81
83
81

79
88
90
86

82
82
81
76

70
80
75
71

67
63
62
59

63
62
61
62

68
70
70
63

77
76
78
75

85
85
79
73

72
70
73
72

71
75
70
62

67
57

57
57

57
58

73
75

68
68

70
71

57
59

1925
January
February
March
April

32, 886
19, 215

May
June
July
August

26, 824
45, 922
34, 998

16,206

September
October
November
December

8,866
20,490
38, 378
20, 559

14, 439

7,453
5,885
7,309

12, 950
11, 521
8,817

5,501

13,523

45,060
38,905

4,767
5,098
11,634
8,857

25, 116
26, 281
33, 426

36, 368
30, 224

22, 631

20,403
17,406
16, 126
18, 754

305, 958

179, 244

126, 714

382, 596

179, 203

203, 394

373, 010

182, 506

190, 504

346, 678

175,898

170,780

1926
January
February
March
__
April
May
June
July
August .

29,883
31, 379

13,729

331, 324

176, 520

154, 804

September
October
November
December
1 Receipts of wool at Boston by railroads and steamships compiled by the Boston Chamber of Commerce through January, 1925, and since that date by the Boston Grain
and Flour Exchange. They comprise usually about two-thirds of all wool imported and about half of the domestic wool clip. All classes of wool are combined in these
figures,
without reduction to grease equivalent.
2
Imports are from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and total wool of all classes, without reduction to grease equivalent
3 Consumption of wool by textile mflls from U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922, when the compilation was transferred
to the U. S. Department of Commerce, Bureau of the Census. These data reported by almost 600 manufacturers represent nearly 80 per cent of the industry, the figues
from the American Woolen Company and from 10 to 20 other concerns not being included. The figures are reduced to grease equivalent by multiplying scoured wool by
2 and4 pulled wool by IJg. Further details as to classes of wool and districts are given in press releases.
Stocks of wool held by about 600 manufacturers and about 400 dealers from the U. S. Department of Agriculture, Bureau of Agricultural Economics, until April, 1922,
and thereafter by that bureau jointly with U. S. Department of Commerce, Bureau of the Census. Figures have not been received from practically the same manufacturers
as fail to report on wool consumption while about 15 dealers do not report. Stocks in dealers' hands include U.S. Government stocks taken over during the war and finally
disposed of shortly after the end of 1921. Stocks include wool, tops, and noils and are reduced to grease equivalent in the same manner as in the consumption report; further
details
as to classes of wool, etc., are given in press releases.
6
Percentage of active wool machinery compiled by the U. S. Department of Commerce, Bureau of the Census, beginning with June, 1919. From October, 1918, through
May, 1919, these data had been collected by the U. S. Department of Agriculture, while previous thereto they were compiled by the National Association of Wool Manufacturers. The 1913 figure is based on only one month (November figures as of December 1), while thereafter the averages are of quarterly data, until 1917 when monthly
figures were started in the middle of the year. The 1917 averages are therefore based on 9 months' figures. Up to 1921, the data represent the percentage of active machines
to total and beginning with 1921, the percentage of active hours to total hours of plant operation. Figures on the old basis of active machines are still published in the
press releases but are not much different from the more accurate active hour figures. Previous to October, 1922, these figures were originally given as of the first of the
following month, representing the previous month's operations, but these have now been changed to show the activity for the month to which properly credited; where
activity of over 100 per cent is shown, overtime was reported sufficient to offset all idle hours and leave an excess. Details as to number of spindles, etc., are given in press
releases.
These data comprise practically all wool-consuming mills.
6
7

Average of the last two quarters of 1920.
Average of the first three quarters of 1921.
«Average of the la->t three quarters of 1922.



27

Table 6.—CLOTHING AND BUTTONS
•

i

MEN'S AND BOYS'
GARMENTS CUTi

YEAE
AND

MONTH

Suits

Separate
trousers

Overcoats

Thousands of garments

HOSIERY s

WORK CLOTHING 2

Net
Stocks,
ship- end of
ments « month

Cut

ProSt'ks, New UnducNet
tion ship- 3 end orders
filled
(all ments mo.
orders
classes)

Production

Thousands of dozen pairs

Dozen garments

FRESHWATER
PEARL
BUTTONS 6

KNIT UNDERWEAR <

Net
shipments5

St'ks, New
end orders
mo.

UnProfilled
ducorders tion

Thousands of dozens

Stocks,
end of
month

Per ct.
of capacity

Thous.
of
gross

46.1
46.1
33.5
44.2

12, 562
13, 846
14,001
12, 482

1922 m. a.
1923 m. a
1924 m. a.
1925 m. a_

1,263
1,414

1,512
1,607

402
370

208, 314
250, 468

192, 492
217, 286

349, 916
326, 257

3,352
3,812

3,156
3,589

6,259
5,771

3,410
3,888

5,755
7,394

1934
Jan
Feb
Mar
Apr

1,553
1,596
1, 589
1,232

1,747
1,923
1,861
1,594

212
196
237
250

251, 953
230, 703
225, 097
208,177

238, 320
206, 654
181, 682
184, 594

351, 879
362, 691
372, 566
384, 481

3,801
3,747
3,742
3,496

3,153
3, 340
3,435
3,210

6,432
6,534
6,548
6,616

3,100
3,061
3,168
3,628

7,277
6,711
6,037
6,276

36.4
43.5
44.0
41.6

14, 455
14,237
14, 221
14, 191

May
June
July
Aug

1,143
1, 166
1,170
1, 252

1,415
1,276
1,232
1,506

368
466
512
626

187, 821
153, 178
152, 128
165, 998

183, 670
167, 420
162, 631
176, 851

432, 542
367, 015
337, 155
292, 392

3,400
3,091
2,660
2,912

3,026
2,749
2,626
3,004

6,494
6,557
6,396
6,265

2,730
2, 589
2,644
3,203

5,290
4,673
4, 524
4,548

32.4
30.4
17.4
22.4

14, 170
14, 193
13,964
13, 917

Sept
Oct
_ _
Nov
Dec

1,048
890
1,046
1,468

1,421
1,533
1,289
1, 344

669
687
388
227

223, 904
245, 804
242, 504
212, 505

222, 911
227, 914
188, 578
168, 678

315,812
321, 000
316, 884
344, 576

3,107
3, 597
3,274
3,402

3,420
3,645
3,105
3,157

5,889
5,849
5,781
5, 752

4,006
4,452
4,433
3,907

4,980
5,579
6,492
6,673

840
1,017
902
1,035

1,058
1,082
958*
961

1,149
959
928
954

1,199
1,473
1,556
1,669

1,416
1,811
2,233
2,883

28.4
32.1
36.1
36.8

13, 782
13, 605
13, 623
13,656

1925
Jan _ - 1, 578
Feb
1,626
1,843
Mar
Apr
. 1,276

1,604
1, 562
1, 574
1,689

207
245
233
197

237, 808
252, 861
290, 448
266, 256

214, 095
213, 031
251,365
227, 518

330, 893
325, 958
344, 714
345, 478

3,661
3,703
4,039
4,030

3,206
3,372
3,791
3,648

5,738
5,964
5,945
4,874

4,400
3, 852
4,096
4,345

7,372
7,705
7,730
7,937

1,079
1,201
1,325
1,329

1,108
1,198
1,245
1,184

981
1,030
1,103
1,208

1,832
1,254
1,210
1,033

3,585
3,614
3,472
3,333

33.9
41.6
43.6
45.5

13, 107
12, 836
12, 601
12, 527

May
June
July
Aug

1,200
1,616
1,632
1,492

1,473
1,780
1,579
1,575

290
403
475
520

237, 023
277, 021
212, 915
251, 737

202, 579
220, 624
207, 223
231, 703

324, 729
346, 039
335, 640
305, 448

3,921
3,865
3,697
3,702

3,468
3,768
3,608
3,742

6,235
6,039
6,114
5,734

3,961
4,179
3,332
3,267

8,034
8,302
7,645
6,796

1,223
1,151
1,033
1,010

1,090
1,093
(•)
1,128

1,252
1,279
1,182

1,112
939
00
1,047

3,239
2,935
(«)
2.716

46.0
47.0
38.4
46.6

12, 497
12,503
12, 332
12, 391

1,083
1,041
1,086
1,491

1,547
1,731
1,536
1, 631

565
657
440
211

256, 519
285, 304
248, 687
189, 033

241, 594
246, 209
194, 121
157, 364

302, 630
- 303, 001
318, 428
332, 123

3,758
4,051
3,803
3,510

4,003
3,846
3, 456
3,161

5,565
5,476
5,738
5,834

4,167
4,580
3,580
2,896

6,842
7,163
6,993
6,206

1,119
1,217
1,094
1,069

1,203
1,429
1,092
941

1,136
941
957
1,096

1,174
1,499
1,018
1,314

2,460
2,672
2,466
2,741

46.2
48.1
47.3
46.1

12, 228
12, 197
12, 286
12, 277

1,569
1,677
1,658
1,287

1,736
1,673
1,854
1,710

223
238
267
215

231, 421
242, 467
284, 110
258, 801

187, 349
213, 248
256, 705
227, 158

345, 229
333, 286
346,406
354, 097

3,672
3,592
3,937
3,535

3,146
3,254
3,773
3,338

6,156
6,410
6,483
6,503

3,699
3,322
4,075
3,517

7,242
6,329
6,457
6,384

1,060
1,094
1,244
1,174

1,081
1,057
1,207
971

993
1,446
1,154
1,255

1,373
1,048
1,037
774
*

3,002
2,966
2,772
2,503

45.1
50.2
53.0
52.4

11, 471
11, 371
12, 117
12, 101

3,215

3,144

6,128

3,252

6,213

1,043

838

1,379

720

2,342

49.6
45.0

12,203
12, 331

Sept
Oct
Nov
Dec

-.-

1936
Jan
Feb
Mar
Apr
May
June
July ._

• 1, 154

U,059

U,014

(«)

7

1, 119

7

2, 786

Sept
Oct
Nov
Dec -._
1
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 467 establishments of which 4 did not begin reporting until February, 1924.
Details
by materials are given in press releases.
2
Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, from 158 identical establishments of which 2 are now out of business; further details
by materials used and sizes are given in press summaries. For January, 1924, 4 firms did not report. The data represent outer work garments (overalls, unionalls, coveralls,
two-piece
suits, *vork pants, etc.) and do not include data on work shirts.
3
Compiled by the U. S. Department of Commerce, Bureau of the Census, as reported by 261 identical establishments. Further details are given in press releases.
4
Data from U, S. Department of Commerce, Bureau of the Census, compiled from reports of 150 establishments while stocks are from 70 to 83 establishments
only. Further details as to classes given in press releases. Data for the period, July, 1920, through May, 1924, representing about 30 per cent of production in 1921 and
compiled by the Associated Knit Underwear Manufacturers of America appeared in November, 1924, issue (No. 39), p. 42.
5 Represent shipments after deductions for goods returned or cancellations.
e Data on fresh-water pearl buttons from National Association of Button Manufacturers from reports of 17 firms representing 95.2 per cent of the machine capacity of
the association members, except prior to July, 1922, when 16 firms reported.
78 Eleven months' average.
No data available.




28

Table 7.—TEXTILE WHOLESALE PRICES3
COTTON YARN

COTTON

Carded,

YEAR AND
MONTH

white,
Price to
northproducer, Middling
ern,
mule
upland,
all grades
New York spu n,22/l,
2
()
cones,
Boston

Carded,
single
warp,
40/ls,

New

Fairchild
Index s

Bedford

Eel. to
1911-1913

Per pound

WOR-

WOOL
(Boston)4

COTTON GOODS

STED
YARN

Y± blood
Print
Sheetcloth,
ing, 4/4 Territory combing
2/32's
64 x 60,
Trion,
grease,
fine
38^ in., L L, 36",
Ohio and crossbred
staple,
stock,
Penn5.35 yds.
4yds.
scoured sylvania
Boston
to lb.,
tolb.
f. o. b. m ill New York
fleeces
Per yard

Per pound

$0.053
.046
.041
. 061
.095
.159
.146

$0. 062
.056
.052
.072
.119
.195
.168

$0.57

$0.25

.61
.71
.87
1.59
7 1.84
1.74

.26
.36
.41
.66
7
.76
.64

$0. 78
.64
.79
1.05
1.56
2.11
1.63

$0. 448
.571
.648
.593
.558

323
162
187
213
199
188

.182
.077
.086
.102
.092
.093

.211
.087
.104
.123
.113
.104

1.66
.85
1.25
1.41
1.42
1.40

.51
.26
.42
.51
.53
.55

.475
.474
.471
• .469

.620
.597
.589
.578

195
195
194
199

.089
.091
.091
.093

.108
.108
.108
.116

1.33
1.28
1.30
1.36

.244
.245
.243
.238

.432
.449
.446
.446

.556
.543
.539
.552

193
193
194
194

.086
.087
.090
.091

.110
.103
.106
.108

.227
.230
.245
.237

.240
.247
.256
.244

.437
.430
.430
.420

.547
.569
.589
.580

194
194
196
194

.092
.095
.096
.094

May
June
July. August-

.230
.230
.234
.234

.234
.242
.248
.238

.399
.403
.415
.423

.558
.543
.543
.547

188
183
182
185

September
October
November
December

.225
.215
.181
.174

.236
.220
.208
.202

.423
.430
.407
.402

.563
.562
.546
.550

1936
January
February
March
April

.172
.177
.165
.166

.208
.206
.194
.192

.403
.399
.384
.374

.189
.186

.357
.349

$0.120
.104
.091
.137
.220
.295
.299

$0. 128
« .119
.102
.145
.226
.312
.318

$0. 248
.218
.198
.297
.449
.662
.596

1920 mo. av
1921 mo. av__.
1922 mo. av
1923mo.av.__
1924 mo. av
1925 mo. a v _ _ _

.310
.125
.193
.270
.268
.222

.339
.152
.213
.294
.287
.235

.703
.331
.397
.486
.475
.418

1924
May
June
July .
August

.281
.278
.273
.278

.316
.300
.317
.293

September
October
November
December

.222
.231
.225
.240

1935
January
February
March
April .

May
June
July
August

'.160
.161
.154

•

SUITINGS

SILK,
RAW

WoolJapaFrench
dyed,
nese,
serge,
blue,
Kan
sal
35/36"
55/56"
average Middlesex
No. 1,
at mills New York New York
Per yard

97
91
122
187
292
272

1913 mo. av___
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av__.

DRESS
GOODS

Per pound

$0.32
.43
.72
.90
.90

$1.55
1.46
1.57
1.97
3.17
8
4.04
4.01

$3.64
3.69
3.32
4.87
5.51
6.27
8.88

1.83
1.18
1.41
1.73
1.69
1.72

1.09
.73
.66
.76
.78
.80

4.18
2.94
3.10
3.62
3.66
3.66

8.28
6.04
7.22
8.23
5.92
6.34

.49
.44
.44
.48

1.65
1.60
1.55
1.60

.78
.78
.78
.78

3.69
3.60
3.60
3.60

4.86
5.00
5.39
6.08

1.44
1.48
1.60
1.68

.53
.57
.61
.70

1.65
1.75
1.85
1.95

.78
.78
.78
.78

3.60
3.69
3.69
3.69

5.44
5.73
6.17
6.32

.108
.107
.108
.106

1.67
1.65
1.58
1.42

.69
.68
.63
.54

1.90
1.90
1.80
1.75

.78
.80
.80
.80

3.78
3.78
3.78
3.78

6.08
6.22
5.83
5.98

.092
.092
.095
.095

.102
.097
.096
.104

1.24
1.31
1.37
1.31

.45
.50
.52
.51

1.75
1.75
1.70
1.65

.80
.80
.80
.80

3.60
3.60
3.60
3.60

6.17
6.37
6.32
6.47

187
187
182
178

.095
.096
.089
.087

.106
.108
.108
.103

1.28
1.32
1.32
1.30

.50
.51
.54
.55

1.65
1.65
1.60
1.55

.80
.80
.80
.80

3.60
3.60
3.60
3.60

6.62
6.66
6.57
6.81

.550
.545
.540
.528

176
175
170
166

.087
.086
.080
.077

.101
.101
.098
.098

1.28
1.26
1.21
1.15

.54
.53
.48
.44

1.55
1.55
1.50
1.45

.80
.80
.80
.73

3.60
3.60
3.51
3.51

6.71
6.66
6.03
5.49

.513
.500

161
157

.076
.073

.095
.093

1.13
1.10

.42
.42

1.40
1.40

.73
.73

3.51
3.29

5.73
5.88

6100

September _.
October. _. _
November
December
1
Unless otherwise specified, all prices are averages of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data for
1920 and 1921 on most items appeared in May, 1922, issue (No. 9), p. 47. That issue also contained monthly data on another print-cloth quotation, which has been superseded by the present data due to their more general use. Monthly data on cotton yarns, single warp, at New Bedford, from 1921 to 1925, appeared in December, 1925, issue
(No. 52), p. 10, while monthly print-cloth figures from 1913 appeared on p. 22 of that issue, and women's dress goods, French serge, from 1915 in the November, 1925, issue
(No.2 51), p. 22.
Price of cotton to the producer, given at the end of each month until December, 1923, since which month it is given as of the 15th of the month, is a weighted average
of prices received by producers throughout the United States for all grades of cotton as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
The 3market price in New York, on the other hand, is quoted on a specific grade and includes handling and transportation charges.
Fairchild cotton goods index, compiled by the Daily Neus Record, represents average weekly wholesale quotations of 36 standard cloths in the New York market.
4
Averages of weekly quotations on representative grades in the Boston market, as compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics.
Monthly
data from 1913 to 1925 appeared in May, 1926, issue (No. 57), p. 29.
5
Average for ten months.
6
Average
for years 1911 to 1913, inclusive.
?
Average for six months.
8
Average for nine months.




29

Table 8.—COTTON

YEAR AND MONTH

STOCKS, END OF THE MONTH

GINNINGS
EX(total
REPRODUCPORTS CONcrop
CEIPTS
IMTION
(includSUMPto
end
of
INTO
PORTS
(crop
month
ing
TION
SIGHT
estimate) 2
indilinters)
cated) 3

Domestic
Total

Mills

World visible *
Warehouses

Total
cotton

American
cotton

Bales3

1909-13 monthly average
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

13, 033, 235
14, 156, 486
16, 134, 930
11, 191, 820
11, 449, 930
11, 302, 375
12, 040, 532

13, 982, 811
15, 905, 840
11, 068, 173
11,363,915
11, 248, 242
11, 906, 480

1, 203, 092
1, 035, 730
1, 256, 604
1, 186, 402
959, 945
920, 106

17, 313
18, 455
26, 283
33, 798
32, 064
23, 103
18, 781

735, 226
746, 978
547, 068
727, 033
607, 546
412, 690
352, 953

465, 289
454, 064
500, 749
551, 701
567, 984
514, 712

3, 085, 132
3, 414, 853
4, 898, 345
4, 777, 800
4, 137, 287
4, 687, 250

1,359,417
1, 209, 177
1, 552, 989
1, 863, 668
1, 658, 513
1, 594, 578

1, 725, 715
2, 205, 675
3, 345, 356
2, 914, 132
2, 478, 774
3, 092, 672

4, 386, 925
4,628,711
5, 920, 149
4, 704, 844
3, 974, 733
4, 021, 720

3, 079, 529
3, 094, 377
4, 480, 679
3, 410, 678
2, 743, 733
2, 814, 722

1919
1920
1921
1922
1923
1924
1925

11, 420, 763
13, 439, 603
7, 953, 641
9, 762, 069
10, 139, 671
13, 627, 936
15, 603, 000

11, 325, 532
13, 270, 970
7, 977, 778
9, 729, 306
10, 170, 694
13, 639, 399
16, 122, 516

1, 031, 256
896, 699
997, 307
972, 319
936, 705
1, 105, 315
1, 321, 206

29, 226
49, 999
23, 158
31, 030
31, 228
26, 770
26, 122

561, 280
529, 886
556, 519
525, 555
457, 778
566, 243
711, 020

493, 293
486, 933
450, 565
507, 294
543, 444
460, 139
535, 699

4, 935, 973
4, 792, 190
6, 100, 426
4, 706, 031
3, 853, 119
3, 435, 371
3, 994, 482

1, 430, 976
1, 453, 054
1, 312, 862
1, 447, 196
1, 480, 319
1, 087, 880
1, 283, 414

3, 504, 998
3, 339, 136
4, 787, 564
3, 258, 836
2, 372, 800
2, 347, 490
2,711,067

5, 065, 485
5, 662, 420
6, 344, 953
4, 950, 925
3, 503, 179
3, 724, 552
4, 576, 477

3, 614, 068
3, 909, 420
4, 410, 286
3, 152, 091
2, 152, 179
2, 417, 302
3, 274, 060

1, 157, 428
949, 647
721, 589
552, 789

1, 126, 282
882, 197
673, 925
802, 064

3,102,211
2, 667, 297
2,190,493
1, 898, 309

1, 533, 211
1, 223, 297
933, 493
823, 309

515, 593
733, 440
1, 049, 327
1, 319, 736

2, 066, 895
4, 226, 427
4, 802, 943
4, 616, 919

2, 864, 472
4, 266, 825
5, 174, 668
5, 821, 450

1, 970, 472
3, 357, 825
4, 345, 668
4, 805, 450

monthly averege
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

i

j

1924
326, 357
230, 979
211, 533
277, 647

413, 967
350, 021
347, 099
357, 380

2, 283, 710
1, 831, 844
1, 395, 514
1, 354, 853

1, 845, 069
2, 807, 409
2, 767, 047
2, 478, 206

9,654
737, 485
18, 135
946, 506
17, 549 1, 306, 550
48, 663 1, 075, 923

438, 373
534, 283
495, 182
533, 789

2, 582, 488
4, 959, 867
5, 852, 270
5, 936, 655

1, 379, 161
864, 323
811, 452
495, 283

54, 822 1, 076, 075
59, 902
811, 838
740, 076
33, 955
472, 555
22, 409

594, 010
550, 775
583, 407
596, 541

5, 302, 032
4, 615, 778
3, 662, 114
3, 177, 217

1, 441, 699
1, 542, 382
1, 633, 783
1, 511, 008

3, 860, 333
3, 073, 396
2, 028, 331
1, 666, 209

5, 830, 282
5, 644, 890
5, 322, 550
4, 545, 302

4, 722, 282
4, 327, 890
3,789,550
2, 942, 302

330, 967
217, 786
202, 468
315, 825

531, 668
494, 083
483, 926
448, 665

2, 482, 671
1, 885, 477
1, 379, 848
1, 720, 705

1, 343, 019
1, 126, 127
865, 842
680, 527

1, 139, 652
759, 350
514, 006
1, 040, 178

3, 848, 225
2, 969, 422
2, 342, 887
2, 232, 427

2, 253, 225
1,583,422
1, 112, 887
1, 099, 427

May
June
July .
August

12, 144, 000
12, 351, 000

21, 795
947, 494

405, 927
220, 426
254, 101
394, 930

September.
October
November.
December

12, 787, 000
12, 499, 000
12, 816, 000
13, 627, 936

4, 527, 668
9, 715, 643
12, 237, 659
12, 792, 294

13, 306, 813
13, 639, 399

_

16, 107
13, 641
6,795
4,136

-

1925
January
February
March
April

May..
June
July__ .
August

14, 339, 000
13, 566, 000

159, 373
1, 892, 549

311,313
128, 743
153, 881
780, 440

September
October
November
December

13, 740, 000
14, 759, 000
15, 386, 000
15, 603, 000

7, 101, 710
11, 198, 660
13, 857, 686
14,826,452

2, 332, 283
3, 149, 220
2, 942, 255
2, 506, 120

752, 324
15, 121
12, 402 1, 421, 482
27, 007 1, 206, 786
34, 474
984, 061

483, 266
543, 679
543, 098
575, 271

4, 003, 631
5, 715, 819
6, 662, 449
7, 326, 038

866, Oil
1, 216, 437
1, 456, 166
1, 717, 972

3, 137, 620
4, 499, 382
5, 206, 283
5, 608, 066

3, 883, 012
5, 193, 976
6, 048, 438
7, 056, 308

2, 805, 012
4, 114, 976
4, 903, 438
5, 634, 308

15, 488, 230
16, 122, 516

1, 154, 805
752, 290
701,268
618, 488

62, 061
38, 355
45, 726
33, 464

749, 967
556, 185
519, 732
516, 494

583, 192
567, 244
634, 593
575, 799

6, 987, 226
6, 575, 386
5, 930, 314
5, 169, 985

1,811,392
1, 831, 296
1, 767, 686
1, 639, 174

5, 175, 834
4, 744, 090
4, 162, 628
3, 530, 811

6, 773, 664
6, 642, 807
5, 956, 734
5, 485, 607

5, 237, 664
4, 929, 807
4, 277, 734
3, 804, 607

504, 174
221, 064

13, 626
22, 137

419, 459
346, 774

516, 758
518, 504

4, 414, 756
3, 675, 612

1, 449, 932
1, 267, 796

2, 964, 824
2, 407, 816

5, 070, 424
4, 314, 794

3, 459, 424
2, 762, 794

14, 219
19, 957
9,927
9,266

1926
January
February
March _
\pril

May _
June
July
August

__

September
October. _ _
November
December

j

|

1 Receipts into sight compiled by New Orleans Cotton Exchange; imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce;
consumption, ginnings, and domestic stocks from U. S. Department of Commerce, Bureau of the Census. Linters are not included in the statistics in this table, except in
the exports. Yearly figures represent averages for the calendar year except for ginnings and production, in which case totals for the crop year are shown (not an average),
and the 1913 and 1914 data on imports and exports, which are averages for the fiscal year ending June 30 of the year given. Monthly data, 1913-1921, on consumption and
stocks
are given in December, 1922, issue (No. 16), the 1921 stocks being revised in the August, 1923, issue (No. 24), p. 55.
2
The yearly figures, from U. S. Department of Agriculture, Bureau of Agricultural Economics, represent the latest revised estimates of total production of the cotton
crop3 for the year (not a monthly average). The monthly figures show the current estimate of total production as reported each month.
Figures for September are to Sept. 25 only, prior to 1924. December figures cover ginnings through Dec. 13 only. January figures for all years cover ginnings through
Jan. 16, and February figures cover all ginnings of the crop. Yearly figures represent total ginnings for the cotton crop harvested in that year (not a monthly average).
Monthly
data for prior years 1914-1922 are given in the April, 1923, issue (No. 20) of the SUEVEY, page 51.
4
These figures, from the Commercial and Financial Chronicle, represent world visible supply on the Saturday nearest the end of the month, covering European ports,

United
States
ports and interior, Egypt, India, and quantities afloat.
5
All bales are running bales counting round as half bales, except for imports, which are given in equivalent 500-pound bales.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

30

Table 9.—COTTON MANUFACTURING
SPINDLE ACTIVITY 1

MILL DIVIDENDS (quarterly)
FINE
COTCOTTON
TON
GOODSs CLOTH* Fall River s New Bedford «

FINISHED COTTON GOODS 2
]

Av.
Per
Ratio
spin- Ratio
Orders, Ship- Stocks, Ac- work Producto
Active Total
tion
cap- Total Ratio
ahead
end
of
Exports Total to
spin- spinBillings
gray
dle
to
cacapitativity
(New
italizadle
ments
month
(end Bedford)
yardage
dles hours in pacity
lization
tion
mo.)
place

YEAR AND MONTH

Thous. Millions
of hours Hours
1913 monthly average. _
1914 monthly average. .
1915 monthly average. .
1916 monthly average
1917 monthly average..
1918 monthly average
1919 monthly average..

30, 559
30, 748
31, 136
32. 293
33, 400
33, 525
33, 878

1920 monthly average. _
1921 monthly average. _
1922 monthly average. 1923 monthly average. 1924 monthly average. .
1925 monthly average. .

33, 807
33, 052
33, 026

' 7, 532

7206

7,725

34,681

8; 292

31, 136
32, 634

6,689

209
222
177

7, 886

208

Per
cent

Thousands
of
37ards

Cases

Per
cent Days

Pieces

10 52, 787 1039,431 10 25, 543 10 39, 920 1038 106.7
791.5 11 85, 386 11 90, 054 11 44, 935 11 36, 226 H 6 5 H8.6
93.5 12 94, 016 12 95, 509 12 49, 102 12 44, 937 i 2 66 129.1
68
95, 098
46,, 166
9.5
98.9
91, 504
48, 116
58
43, 139
5.9
78.5
77, 650
76, 105
41, 863
39, 640
60
5.8
92.9
78, 756
43, 691
76, 558

Thous. Thous. Per Thous. Per cent
of
of cent pei- of
per
yards dollars quarter dollars quarter

6 434, 188
383, 523

« 38, 890
« 27, 208
43, 195
51, 688
63, 719
45, 348
56, 920

$519
311
284
512
1,054
1,512
1,208

329, 571
354, 274
385, 772
438, 761
353, 851
421, 059

68, 229
45, 959
48, 958
38, 710
39, 825
45, 267

2, 521
780
762
882
705
419

39, 660
51, 520
52, 378

641

1.440

396

.890

$547

1.820
1.084
.974
1.734

3.651

470
653
746
1,471
1, 603
1,681

7.486

2,238

2.031
1.997
2.061
1.609
.931

1, 385
1, 500
1, 258
942
981

3.338
4.594

1. 405
1.197
1.645
1.832
3.001
3.164

3.324
4. 390
2. 299

2.429
1.741
1.285
1.325

j

1925
January
February
March
April
May
June
July
August.. .

33, 321
33, 359
33, 217
33, 410

._-

8,554
7,893
8, 615

8,520

33, 137
32, 288
31, 737
31, 270

7,932
7,686

31, 552
32, 425
32, 892

7,102

7,310

6,954

88,986

84, 459
83, 293
86, 776
76, 505

49, 319
47, 961
48, 879
45, 776

36, 925
36, 101
36, 121
39, 296

62
66
69
64

7.2
6.8
6.5
5.0

419, 904
388, 053
444, 886
449, 266

93.8
89.2
84.6
80.5

75, 463
70, 593
69, 281
63, 994

63, 128
65, 103
69, 364
69, 176

40, 573
40, 133
39, 153

52
51
52
50

4.1
4.0
4.4
5.5

468, 216
404, 157
417, 603
402, 103

47, 108
37, 367
41, 643

37,903

40, 460
41, 461
40, 710
41, 151

188
210
207
218

83.8
89.4
96.0
99.5

72, 257
85, 859
83, 541

81, 079
85, 907
75, 453
78, 448

42, 608
47, 556
39, 676
44, 754

40, 711
39, 917
40, 511
42, 315

58
67
61
62

6.7
6.5
6.8
5.5

371, 500
452, 552
385, 841
448, 625

42, 366
44, 887
43, 084
46, 871

98.7
102.8
102.1
98.2

78, 170
82, 370
98, 321

87, 188
85, 055
97, 436

46, 679
46, 922

41,111
41,006
41, 329

90,938

79,606

49, 301

42,350

7.4
7.1
7.4
6.3

427, 234
397, 463
452, 349
419, 510

41,017

54,452

62
71
74
67

88.9
88.4

79, 164
78, 161

69, 348
65, 072

45, 715
45, 272

41, 352

61
55

5.5
4.2

422, 221
382, 371

226
208
228
225

97.1
100. 5
100.0
100.2

81, 174
81, 650
94, 039

210
203
193
184

September
October
November
December .

. 33,001

1926
Januarv
February
March
April

32, 803
33, 029
33, 233
32, 893

8,359
8,094
8,348

221
214
242
221

32, 267

7,506
7,606

199
202

May
June
July
August

September
October
November
December

31,771

7,962
7,834
8,272

9,163

78,239

41,494

51,819
871 |

1.177

881

1.190
i

44,502

37, 626
41, 344

338 |
j
i

.759

299

1,231

1.663

.634

941

1.271

299

.702

795

1.151

369

.690

809

1.171

i

52,308
43,420
41, 105

_ _
i

1 Data from U. S. Department of Commerce, Bureau of the Census, representing total cotton spindles active in textile mills during the month. The capacity percentage
takes into account working-days, on a single-shift basis, exclusive of holidays. Details by States are given in press releases.
2 Compiled by the National Association of Finishers of Cotton Fabrics from reports from 31 out of 51 members, estimated to cover approximately the following percentages of the industry, based on work done outside of regular textile mills: White goods, 70 per cent; dyed goods, 55 per cent; printed goods, 25 per cent. In the statistics
given above, white goods and dyed goods each comprise regularly about 40 per cent of billings and orders. Prior to November, 1923, an additional firm was included.
Details by Federal reserve districts and classes of goods are given in the association reports. Monthly data from 1920 by classes of goods are given in the December, 1923,
issue (No. 28), p. 55. The goods are billed as completed; hence billings approximate production. Data for December, 1921, and January, 1922, were not compiled and
averages for the years 1921 and 1922 are based on 11 months' figures.
s Data on fine cotton goods, from the Fine Cotton Goods Exchange, are reported by 24 identical mills in the New Bedford district, representing about 50 per cent of the
fine cotton goods industry in New England and from 20 to 30 per cent throughout the United States. Data on sales no longer published, as not strictly comparable with
production
figures.
4
Exports of cotton cloth, from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include duck and other cloth, bleached, unbleached, and
colored. Beginning with January, 1921, the figures are reported in square yards instead of linear yards, as formerly, and are probably slightly smaller than in the corresponding linear-yard measurement.
« These figures are for fiscal years ending June 30 of the years specified; others are for calendar years.
•7 Nine months' average, April to December.
Average for five months, August to December, inclusive; previous data not available.
s Dividends paid by cotton mills in Fall River in quarter ending in the month given, comprising about 38 mills, are compiled by G. M. Haffards & Co. Yearly figures
are quarterly averages. Quarterly data, 1911-1922, are given in the September, 1923, issue (No. 25), p. 48.
9 Dividends paid by New Bedford cotton mills in quarter ending in the month given, compiled from records comprising about 26 mills, supplied by Sanford & Kelley
Yearly figures are quarterly averages. Quarterly data from 1909 appeared in the May, 1926, issue (No. 57), p. 12.
1° Six months' average, July to December, inclusive; previous data not available.
11
Eleven months' average, January to November, inclusive.
12
Eleven months' average, February to December, inclusive.



31

Table 10.—COTTON TEXTILES

Production

YEAR AND MONTH

Stocks

PRINT CLOTH

SHEETINGS

TOTAL, 9 GROUPS

Production

Unfilled

orders

Stocks

Unfilled

orders

Production

Stocks

PAJAMA CHECKS

Unfilled

orders

Production

Stocks

DRILLS AND TWILLS
(40" and narrower)

Unfilled

Produc-

Stocks

filled
orders

2 18, 156

orders

tion

Un-

Thousands of yards
1925 monthly av.

2

190, 259 2 218, 403 2 289, 197

2

46, 528

2 36, 250

2 53, 592

2 63, 517

2

21, 018

2

91, 913

2 3, 328

2 2, 253

2 8, 443

2 14, 769

2 17, 856

103, 253
90, 376

2,898
2,854
3,969
3,591

3,520

9,400

14, 956

2,119
1,619
1,755

8,014

9,370
6,988

13,409
17,009
13, 700

18, 783
16, 992
17, 463
18, 187

20, 077 !
18, 802 :
18, 195 ;
15, 550 1

921
914
1,212
1,360

10, 461
22, 352
26, 873

17, 136
14, 499
13, 295
12, 394

17, 072
16, 971
18, 394
20, 073

14, 811 \
11, 517
8, 446
4, 757

1,487
2,107

25, 494
26, 822

12, 133

21, 595
22, 691

1935
September
October
November
December

176, 252
174, 349
221, 599
188, 834

219, 466
206, 807
217, 521
229, 817

339, 314
304, 292
286, 019
237, 161

41, 952
42, 911
55, 945
45, 302

36, 629
33, 331
35, 384
39, 657

69, 308
56, 092
46, 837
42, 130

60, 023
54, 760
77, 642
61, 643

20,062

1926
January
February
March
April

229,453
199, 153
197, 474
193, 119

220, 486
208, 154
211, 352
234, 247

279, 025
239, 957
228, 503

31, 105
22, 360
20, 196
24, 561

64, 378
62, 689
53, 992
42, 378

80, 835
66, 952
65, 553
65, 747

29, 996
33, 569
32, 503
42, 841

86, 696
62, 111
56, 757

201,412

57, 015
46, 612
45, 254
46, 281

47,411

4,796
4,404
4,839
5,624

214, 415
174, 740

246, 740
261, 574

182, 101
160, 582

56, 877
44, 740

30, 950
32, 244

45, 176
40, 469

73, 534

54,008

50, 705
61, 256

29, 333
19, 161

7,662
6,410

May
June
July
August

16, 710
21, 105
26, 195

96,732
77, 292

7,080

8,676

4,478
4, 137

September
October
November
December

YEAR AND MONTH

,

\
[

POCKETING TWILLS
AND JEANS

DRILLS, TWILLS,
SHEETINGS, AND
SATEENS
(wider than 40")

HEAVY WARP
SATEENS

OSNABURGS

COLORED GOODS

Thousands of yards
1925 monthly av_

28,001

2 6, 055

2 1, 219

2 1, 093

2 1, 517

25,904

2 2, 716

2 18, 194

5,830

5, 662

7,793
9,464
9,086

4,301
4, 355
6,124

758
775
1,410
1,427

1,918
1,555
1,539
1,056

5,044
5,305
6,403
6,862

2,830
2,782

9,440

1,020
1,086
1,521
1,249

14,987

5,819

16, 429
18, 532
15, 427
11, 643

1,587
1,326
981
902

1,219
1,037
1,201
1,376

1,384
984
906
418

6,851
7,367
7,061
6,144

1,586
1,798

4,061

16, 013

2,320

14,078

885
775

1,678
1,550

269
288

5,146
5,182

86,019

2 3, 808

2 5, 161

2 3, 788

1925
September
October. _ .
November
December

3,125
3,744
4,997
3,365

3,947
4,286

5,190

3,674

5, 563

3,312

6,849

2,976

6,723
5,704

1926
January
February
March
April

4,298
3,324
3,092
2,450

7,091
7,153

3,309

7,199

2,140
1,608
1,170

7,380
8,145

8,357
7,536
7,523

6,844

7,151

1,214
1,004

8,592
7,498

May _
June
July .
August

2,842
1,923

7,037
7,573
7,145

6,378

2 45, 168 2 124, 054

41,404
44,461
47,390

290,039

127, 275
122, 019

110, 880
81, 487

47, 418

122,632
124,290

3,250
5,258

19, 052
15, 177
12, 435
10, 483

49, 736
47, 289
49, 254
46, 733

123, 139
116, 816
120, 036
124, 054

65,886
56,346
56,580

6,444
7,925

9,482
8,563

46, 744
45, 528

122, 675
125, 103

2,881
2,371

18, 130
22, 423
17, 234

103,294
64,495

56, 279
50, 642

46,060

September
October
November
_
December ...
1
Compiled from weekly and semimonthly reports issued by The Association of Cotton Textile Merchants of New York, reported by about 22 commission houses regarding
the mills which they represent, which are located principally in the South and estimated to cover at least 50 per cent of the industry. Monthly totals on production represent the four or five weeks falling within the month, while figures on stocks and unfilled orders are as of the week ending nearest the end of the month, except colored goods
and drills, twills, sheetings, and sateens wider than 40 inches, which are compiled from semimonthly reports. Details by construction are given in the association's reports.
Colored
goods include denims, ginghams, and chambrays, chevoits, and plaids.
2
Four months' average.




32

Table 11.—SILK AND OTHER TEXTILES AND FUR
SILK

Stocks,
end of month
YEAR AND MONTH

Imports i

Deliv-a
eries

Thous.
of Ibs.

At warehouses 2

OTHER TEXTILES
Machinery activity 4

SpinAt mfg.3 Broad Narning
row
spinplants looms looms
dles
Per cent of active
hours to total

Bales

Elastic
webbing s
Sales

Thous.
of yards

Fibers
(unmanfd.)

Burlap

Imports *

Long
tons

Thous.
of Ibs.

FUR

Pyroxylin-coated
textiles «
(artificial leather)

Sales
Purof gar-7
chases 7 ments
Pyrox- Ship- Unfilled
ylin
ments orders,
end of
spread billed month
Thous.
of Ibs.

Thous. of linear
yards

Thous. of dollars

'
1909-13 ra0t av
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly a v _ . _ _
1917 monthly av
1918 monthly av....
1919 monthly av

2,850
2,565
3,094
3,406
3,619
4,060
4,627

1920 monthly av
1921 monthly av____
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

3, 305
4,361
4,872
5,163
5, 050
6,408

s 17, 830
26, 941
30,635
29,868
30, 592
41, 779

51, 312
21, 315
32, 350
33, 367
37, 464
44, 819

15, 283
15, 176
18, 484
20, 051
27, 732

8 59. 3
73.5
72.5
88.7

842.1
55.1
47.8
59.5

1925
January
February __
March
April _

6, 634
5,259
5,714
4,947

39,885
37,529
45, 157
40,040

58, 732
60, 249
46, 663
39, 271

25, 084
24, 252
27, 761
26, 540

80.9
80.2
83.4
90.0

May
June _
July
August

6,247
5,428
6,246
5,894

38, 266
39, 575
44, 013
44,047

42, 517
44, 016
35, 598
32, 017

27, 104
28, 189
26, 505
28, 198

September
October
November
December

8,408
7,240
6,814
8,063

41, 684
46, 815
41, 848
42, 484

42, 708
39, 423
46, 813
49, 824

1936
January .__
February
March
April

6,821
6,919
5,054
6,003

46, 148
42, 476
39,400
37, 276

47, 326
43, 418
35, 948
30, 122

4, 614
4,857

34, 099
37, 644

31, 143
29, 111

May
June
July
August

__

14, 707

28, 613
32, 596
32, 960
32, 769
41, 070
33, 318
31,886
27, 274

34, 052
38, 387
36, 519
34, 047
32, 147
40, 661
36, 366
36, 880

862.6
72.5
69.5
97.9

12, 620
11, 593
13, 778
13, 041
10, 731
13, 478

33, 817
20, 416
22, 815
26, 613
24, 691
25,854

47,628
39, 595
43, 436
49, 873
47, 971
52, 151

55.6
56.5
58.5
59.4

82.1
83.1
85.3
86.9

13, 155
13, 798
14, 273
15, 535

33, 142
25, 273
29, 559
23, 592

56,240
56, 524
56, 175
53,076

86.0
88.8
89.3
89.8

62.0
61.0
61.4
60.0

101.1
102.9
103.0
101.8

15, 784
14, 267
12, 344
12, 014

24, 131
38, 280
16,042
21, 722

61, 115
50,604
52, 664
61, 813

2,249

28, 169
30, 107
30, 602
30, 27T

91.2
93.7
96.4
95.2

60.8
61.3
59.1
58.7

104.0
112.9
107.0
104.5

12,129
13, 637
11, 658
13, 137

20,936
23,621
26, 930
27,014

32, 054
31, 118

93.9
92.6
92.0

59.1
59.2
62.5

101.7
103.4
101.1

10, 875
10, 892
11, 983
9,608

9

2, 050
1,630
2,018

» 2, 469
1,577
1,698

$1, 791
2,150

1,850
1,671
2,254
1, 752

1,497
1,593
1,498
1,801

1,490
5,742
2,344
1,934

2,379
2,526

1,995
1,752
2,022
2,116

1,437
1,730
1,625
1,878

2,066
2,015
2,212
2,108

2,325
3,226
5,422
4,758

43, 664
42, 621
39, 957
51, 363

2,804
2,987
2,537
2,728

2,377
2,380
1,975
2,077

1,857
1,852
1,933
1,677

1,615
1,689
1,760
830

3,253
5,633

36, 715
27, 235
36, 701
34, 257

64, 493
47, 190
63, 653
68, 816

2,310

1,639
2,080
1,696
1,687

1,063
4,098
2,483

890
626
807

2,517

1,927
1,971
2,313
2,127

18, 919
17,170

38, 339
44, 206

2,775

2,096

2,058

• 2, 482
2,201

2,438

1,941
1,923

2,537
2,478
2,171

2,320
2,885

$2, 630
3,153

.

1,298
913
1,878
1,666

4,641

2,825

Pisptpsrnhfir

November
December
i Imports of silk, of unmanufactured fibers and of burlap from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Silk imports are a total of
unmanufactured silk, including raw silk, cocoons and waste. Unmanufactured fibers include flax, hemp, istle, jute, kapok, manila, New Zealand flax, sisal, etc.
a Deliveries of raw silk from principal warehouses in New York City, indicating approximate consumption by mills, and stocks at these warehouses are from the Silk
Association of America. A bale of silk averages about 133 pounds, but varies considerably according to origin of the bale. Details by sources are given in the association's
report. The delivery figures are computed by the association from the data on stocks and trade figures on imports through New York and Pacific ports, allowing time for
Pacific imports to reach New York. Monthly data for 1920 and 1921 may be found in May, 1922, issue (No. 9) p. 43.
3 Computed from data reported by the Silk Association of America' covering from 35 to 60 per cent of the silk manufactures and throwsters, averaging about 45 per cent
for most of the year 1924. Owing to the varying number of mills reporting, the original figures have been prorated up to 100 per cent, by dividing the stocks reported by the
percentage of the trade which they are estimated to represent. The maximum reporting capacity (60 per cent in April and May, 1923), coming immediately after a month of
minimum reporting capacity (35 per cent in March, 1923), indicates, in the close correspondence of these prorated totals, that the prorating shows the situation quite
* Compiled by the Silk Association of America from manufacturers representing about 50 per cent of the industry. The figures represent the percentage of active hours
to the total hours normally worked, and are weighted averages of each section of the silk industry, for'which details are given in the association's monthly reports, i. e.,
New Jersey, Pennsylvania, New England, and all other.
* Elastic webbing sales are reported by eight manufacturers to the Webbing Manufacturers Exchange, comprising almost the entire industry.
« Compiled from reports to the U. S. Department of Commerce, Bureau of the Census, by 12 identical firms, with a capacity of 2,174,333 yards for March, 1923 (capacity
varies
slightly each month in accordance with the varying number of working days). Further details as to values, etc., are given in press summaries.
7
Purchases of fur and sales of fur garments by 100 representative fur manufacturers in New York City, as compiled by Seidman & Seidman, certified public accountants.
Data for January and February of each year obtained by applying normal percentage of sales for those months to difference between yearly totals and the sum of the other
10 months for which actual figures were obtained. Monthly data for 1924 appeared in January, 1926, issue (No. 53), p. 23.
s9 Eleven months' average, February to December, inclusive.
Ten months' average, March to December, inclusive, except pyroxylin unfilled orders, which is a 10 months' average from February to December, inclusive, June
figures not being available.




33

Table 12.—COAL
BITUMINOUS
Production

YEAR AND MONTH

United
States i

Canada*

Thous. of short
tons

ANTHRACITE

Consumption
Exports 3

By

vesBy
sels electric
clear- power 8 roads 6
ing plants
ports4

A

Thous. of long
tons

By coke plants Mine
average
United Can- (Spot)
»
States * ada s

Thousands of short tons

1909-13 monthly av. .
1913-monthly av
1914-monthly av
1915-monthly av
1916-monthly av
1917-monthly av
1918-monthly av

39, 870
35, 225
36, 886
41, 877
45, 983
48, 282

1,251
1,136
1,106
1,207
1,171
1,248

1,098
1,499
1,150
1,397
1,581
1,794
1,663

642
606
620
656
574
461

1919 monthly av
1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

38, 822
47, 389
34, 660
35, 189
47, 047
40, 307
43, 581

1,160
1,412
1,255
1,263
1,416
1,105
1,089

1,497
2,866
1,721
924
1,596
1,272
1,299

604
780
629
343
379
332
361

2,925
3,094
2,631
2,849
3,238
3,132
3,336

9,451
7,644
8,006
9,123
8, 161
8,123

i? 2, 764
4,463
6,849
5,340
6,196

1925
January
February
March.
April

51, 930
38, 987
37, 626
33, 702

1,482
1,156
786
555

980
820
919
886

325
294
315
353

3,714
3,127
3,174
2,959

9,209
7,973
8,150
7,349

May.
June
July .
August..

35, 474
37, 167
39, 582
44, 883

664
733
744
987

1,357
1,436
. 1, 648
1,798

400
394
410
444

2,965
3,090
3,166
3,373

September
October
November
December

46, 817
53, 203
50, 780
52, 816

1,191
1,563
1,650
1,'557

1,629
1,243
1,477
1,395

361
352
340
340

1936
January
February
March
April

53, 662
46, 577
46, 137
40,079

1, 224
1,068

993
1,013
1,143
1,094

1,517
2,139

May
June
July
August

__

September
October
November
December

39, 059
41, 992

Prices

Prices

Pro- Stocks, Ex- Whole- Retail,
end 11
of ports3 sale, chestducchesttion! mo.
nut,
nut,
New
New
York 10 York 10

Wholesale,
Kana- Retail,
Chi- 10
wha. cago
f.o.b.i°
Cinci.

Dollars per short ton

Thous.
per Dolls.per
of long Dolls.
short
of short Thous.
long
tons
ton
tons
ton

7,627
7,569
7,416
7,298
8,301
8,236

288
346
319
295
347
447
370

6.86
8.48
8.58
9.50
9.23
8.15
8.65

7,341
7,467
7,539
2,673
1,478
4,557
7,778
696
2 983
7,327
5,151 12 3, 954

370
402
348
197
379
298
237

3.39
3.39
3.39
3.39

8.51
8.50
8.48
8.41

7,234
7,003
6,886
7,292

3,809
3,692
4,068
3,940

1.97
1.95
1.94
2.04

3,39
3.39
3.39
3.39

8.06
8.23
8.21
8.32

7,938
7,616
8,334
9,014

3,913
4,203
4,051

157
248
237
231

2.19
2.14
2.28
2.19

3.49
3.39
3.39
3.39

8.89
8.99
9.69
9.49

52
69
153
226

7,644
7,241
7,252
6,723

240
252
238
232

2.18
2.09
2.01
1.92

3.49
3.39
3.39
3.39

9.48
9.34
8.99
8.39

173
2,083
8,790
8, 217

6
37
297
295

6,742
6,465

242

1.93
1.90

3.39
3.39

8.12
8.13

8,054
8,937

327
386

$1.23
1.14
1.12
1.85
3.25
2.58

$2.20
2.20
2.20
2.68
4.58
3.88

$4.81
4.93
4.89
4.87
6.95
6.55

187

2.59
5.64
2.55
3.63
2.75
2.08
2.06

4.11
5.85
4.56
5.20
4.31
3.43
3.40

6,747
6,152
6,553
6,032

156
157
215
206

2.09
2.04
1.98
1 96

7,575
7,142
7,392
7,841

5,777
5,474
5,391
5,498

199
161
131
142

3,476
3,710
3,472
3,804

7,831
8,992
8,915
9,103

5,757
6,478
7,024
7,465

330
305
423
401

3,723
3,311
3,490
3,126

9,155
8,351
9,025
8,063

437
521

3,079

$5.31
5.32
5.33
5.57
5.94
6.86

$6.97
7.00
7.17
7.34
8.46
9.19

8.27
9.50
10.53
10.60
10.88
11.37
1311.19

10.81
12.33
13. 52
13.70
14.21
14.00
K 14. 43

296
289
201
230

11.75
11.75
10.95
10.76

14.33
14.42
14.42
13.67

325
314
463
476

10.88
10.96
11.07
11.16

13.68
13.78
13.88
14.03

<i1515)

11.27
11.28
11.29

15.04
17.04

« )

163
46
31

(15)

7

(18)
(15)

(16)

(16)

(16)

(16)

11.49
11.48
11.48

<16)
«16)
15.29
14.54

11.48
11.47

14.50
14.50

...

1

Product!on figures, calculated from shipments from the mine and representing complete production except for small quantities used at the mines, compiled by U. S.
Department of Commerce, Bureau of Mines. Monthly data from 1911 given in November, 1924, issue (No. 39), p. 215. Periodic data on total stocks from 1916 given in
March,
1924, issue (No. 31), p. 13.
2
Compiled by Department of Trade and Commerce, Dominion Bureau of Statistics, including bituminious, subbituminous and lignite. Previous to 1919 these data comprised
sales, colliery consumption, and coal used by operators, and thereafter the tonnage representing output of all mines.
3
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce; bunker coal on vessels engaged in the foreign trade is not included in
these4 figures.
Coal loaded for consumption by outgoing vessels at principal ports compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly
data8 covering the period 1913-1923 appeared in October, 1923, issue of the SURVEY (No. 26), p. 61.
From U. S. Department of the Interior, Geological Survey, representing fuel consumption by all plants producing electric power, mainly central stations. Coal consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925, issue
(No.6 43), p. 28.
Compiled by Interstate Commerce Commission from reports of 174 Class I railroads. Consumption by switching and terminal engines is not included. It is stated
that about 3 per cent would be added to the figures by such inclusion. About 2 per cent of the coal consumed on railroads in 1923 was anthracite. Monthly data from
1920 7appeared in January, 1926, issue (No. 53), p. 23.
Compiled by the U. S. Department of Commerce, Bureau of Mines, by applying to the coke production figures the average amount of coal used in making both byproduct
and beehive coke. Monthly data from June, 1921, were given in March, 1926, issue (No. 55), p. 25.
8
Data
from the Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada.
9
Average mine price of spot coal in 14 representative bituminous fields weighted by the production in each field, compiled by the Coal Age; about 20 per cent of the
_

_ ctan pnucio aveiage uuiisuiuei a piiue unuiiiy, egg, iiui, aiiu mine run, averageu acuorumg tu csiiiyiiieiiis.
Coal Co. tonnage.

1
From Anthracite Bureau of Information, representing stocks at distribution points excluding Hudson
2
Seven months' average, January to July, inclusive; no data available for other months.
3
Eleven months' average, January to November, inclusive; no December quotations.
4
Ten months' average, January to October, inclusive; no quotations 17
available for other months.
a

No data available.

 433°—26


w No quotation available.

3

nous coal is based on run of

Seven months' average, June to December, inclusive; previous data not available.

34

Table 13.—IRON ORE AND PIG IRON
IRON ORE i
Receipts
Shipments
from
mines

YEAR AND MONTH

Lake
Erie
ports Other
and ports
furnaces

PIG IRON

Stocks, end of month

Consumption
,by 2
furnaces

Total

On
At fur- Lake
naces
Erie
docks

Furnaces in blast,
end of month 4

Production

Canada 8

United
States *

MerTotal chant
Total
iron 6

Thousands of long tons
1913
1914
1915
1916
1917
1918
1919

monthly average
monthly average
monthly average
monthly average
monthly average. _ _
monthly average. _ .
monthly average. . .

1920
1921
1922
1923
1924
1925

monthly
monthly
monthly
monthly
monthly
monthly

average
average
average. . average. _ _
average
average . _ _

1924
September
October
_ _
November
December

__ _

8,193
5,337
7,720
10, 789
10, 416
10, 193
7,863

6,460
4,181
6,254
8,564
8,066
7,970
6,147

1,651
1,130
1,463
2,164
2,255
2,176 10 5, 290
1,632 7 3, 903 7 31, 325

9,771
3,717
7,104
9,841
7,104
9,013

7,473
2,597
5,275
7,277
5,259
6,450

2,191
1,080
1,726
2,440
1,775
2,475

4,531
2,030
3,355
5,191
3,833
4,564

29, 753
33, 330
33, 751
31, 036
31, 639
30, 422

6,165
5,597
2,056
9

4,888
4,461
1,975
45

1,410
1,241
651
0

2,927
3,498
3,689
4,542

Fur- Capacnaces
ity

Per
cent
of
total

Num- Tons per
ber
day

Per
cent

Wholesale prices 3
Foundry,
Basic
No.3
north- (valley
furern
(Pitts- nace)
burgh)

Composite
Pig
iron 5

Dollars per long ton

7 26, 852

7,530
7,246
7,244
6,282
7,280
8,234
7,778

2,560
1,921
2,472
3,254
3,182
3,209
2,549

753
560
647
922
929
863
650

84
58
68
87
87
89
68

268
84, 080
62,390
187
230
83, 539
319
106, 775
338 106, 499
352 a 108, 950
241
81,900

63.7
44.5
55.0
81.4
83.2
83.1
56.3

$16. 01
13.90
14.87
21.07
41.45
34. 44
30.28

$14. 75
12.87
13.74
19.76
38.98
32.50
27.68

$15. 42
13.52
14.15
20.31
39.99
34.38
29.92

21, 211
24, 512
25, 642
24, 438
25, 076
24, 319

8,542
8,818
8,109
6,621
6,563
6, 102

3,035
1,379
2,240
3,338
2,591
3,033

824
246
472
805
621
659

81
50
32
73
50
48

287
105
181
277
203
216

97, 561
9 41, 353
75, 164
109, 055
84, 795
99, 690

66.5
25.1
43.2
66.2
50.1
55.1

44.88
25.15
26.93
28.15
22.50
21.66

42.25
21.74
24.20
25.81
20.24
19.58

43.80
24.06
25.09
27.15
21.87
21. 32

38, 998
41, 536
40, 728
36, 360

31, 593
33, 417
32, 679
29, 014

7,405
8,119
8,049
7,346

2,053
2,477
2,510
2,962

544
619
613
585

23
29
23
23

173
182
205
228

72, 235
81, 490
89,100
98, 380

42.9
45.2
50.9
56.6

21.56
21.26
21.26
22.96

19.00
19.00
19.13
20.90

20.41
20.37
20.66
22.32

31, 154
26, 207
20, 791
17, 312

24, 430
20,184
15, 695
13, 009

6,724
6,023
5,096
4,303

3,370
3,214
3,564
3,259

678
674
751
744

28
30
64
60

251
254
245
220

111, 150
115, 700
112, 380
103, 080

62.3
63.0
61.1
55.1

24.14
23.76
22.86
21.89

21.88
22.00
21.30
20. 13

23.24
23.21
• 22. 87
21.70

1925
January
February
March...
April

2,121

865

492

5,242
5,000
5,490
4, 813

May
June
July
\ugust

8,314
7,958
8,525
8,533

5,376
5,975
6,217
6,228

2,328
2,139
2,276
2,143

4,357
3,863
3,842
4,020

21,049
25, 404
30, 332
34, 605

16, 527
20, 397
24, 720
28, 272

4,522
5,007
5,612
6,333

2,931
2,673
2,664
2,704

624
560
627
580

63
46
21
27

196
189
190
192

89, 550
86, 250
86, 420
88, 250

49.4
47.7
48.5
48.1

20.89
20.06
20.26
20.26

18.81
18.05
18.00
18.00

20.65
19.78
19.72
19.78

7,355
7,004
4,258
7

5,646
5,147
3,198
48

1,864
2,088
1,517
5

4,011
4,609
4,554
4,965

38, 424
41, 198
41, 686
36, 898

31,408
33, 542
33,830
29, 817

7,016
7,656
7,856
7,081

2,726
3,023
3,023
3,250

617
653
679
722

35
74
69
55

200
206
220
234

94, 550
97, 950
103,445
107, 560

52.4
53.9
57.6
61.9

20.56
20.89
22.14
22.26

18.30
18.63
19.88
20.00

20.08
20.66
21.83
22.28

5,043
4,389
5,160
5,192

32, 035
27, 677
22, 611
17, 708

25, 412
21, 593
17, 120
13, 133

6,623
6,084
5,491
4,575

3,316
2,923
3,442
3,450

716
651
781
773

67
50
53
68

224
226
236
"237

104,065
104, 800
114,000
115, 150

59.3
60.3
63.3
63.5

22.26
22.26
22.26
20.76

20.00
20.00
20.00
18.63

22.29
22.31
22.27
21.53

5,, 194
4,834

17,387
21, 512

13,063
16, 939

4,324
4,573

3,481
3,235

794
681

73

228
220

110, 600
106, 140

61.5
59.6

20.64
19.71

18.38
18.00

21.15
20.62

September
October
November _ _
December

1926
January
February
March
April
May
June
July.
August

.

10

6,113
8,770

3,338
6,472

1,477
3,217

September
October
Novfvmhp.r
December
1 Data on iron ore from the Lake Superior Iron Ore Association. Shipments represent movement of ore through the upper lake ports, including not only tonnage passing through the Sault Ste. Marie canals but also that from ports on Lake Michigan, thus representing over 85 per cent of the total iron ore mined. Receipts at ports other
than on Lake Erie are mostly at Chicago and vicinity and Detroit, the details by ports being shown in the monthly reports of the association, which also give by districts
the consumption data. Monthly data on stocks and consumption from 1921 are given in June, 1923, issue of the SURVEY (No. 22), p. 49.
2 Furnaces reporting vary in number from 319 to 341. Beginning with June, 1922, reports from 15 Canadian furnaces are included.
3 Wholesale prices, except composite average, are averages of weekly quotations taken from U. S. Department of Labor, Bureau of Labor Statistics. Monthly prices of
basic pig iron from 1920 in June, 1922, issue (No. 10), page 42.
* Pig-iron production and blast furnace data, in the United States, comprising practically the entire output, except that made with charcoal, from the Iron Age. Monthly
data from 1913 on all items appeared in February, 1925, issue of the SURVEY (No. 42), p. 44.
s The composite pig-iron price, compiled by the American Metal Market, is the average of daily prices of 10 tons of iron distributed as follows: One ton each of Bessemer
Valley; No. 2 foundry valley; No. 2 X foundry at Philadelphia and at Buffalo; No. 2 foundry at Cleveland and at Chicago; 2 tons each of basic valley and No. 2
Southern
foundry at Cincinnati.
6
Compiled from data reported by the Iron Age by subtracting the figures on pig iron produced by steel mills from the total pig-iron production figures, thus obtaining
data :on the total output of merchant pig iron.
Seven months' average, June to December, inclusive.
8
Data on Canadian pig iron production compiled by Department of Trade and Commerce, Dominion Bureau of Statistics.
9
Eleven
months' average, February to December, inclusive.
10
Nine months' average, April to December, inclusive.




35

Table 14.—CRUDE STEEL AND COKE
U. S. STEEL
COBP.s

STEEL
INGOTS

COKE

STEEL PRICES

Production

Production

YEAR AND MONTH

United
States i

Canada 2

Unfilled
orders,
end of
month

Earnings

Steel
billets,
Bessemer
(Pittsburgh) 4

Structural
steel
beams
(Pitts-4
burgh)

Iron
and
steel 5

Composite
steel e

ByBeehive product

Thous. of long tons

Thous.
of dolls.

Dolls,
per
long
ton

Dolls,
per
pound

Dolls,
per
long
ton

Dolls,
per
pound

Exports'*

United States 1

Canada s

Connellsvilleio
Thous.
of long
tons

Thous. of short tons

Wholesale
price

Dolls.
short
ton

1909-13 monthly average.
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average...
1^18 monthly average
1919 monthly average

2,523
1,902
2, 607
3, 450
3,635
3,588
2,808

87
62
76
106
130
140
77

5,907
4,115
5,189
9,720
10, 716
8,635
5,995

$11, 432
5,972
10, 866
27, 798
24, 608
15, 595
11, 966

$25. 79
20.08
22.44
43.95
69.86
47.27
40.54

$0. 0151
.0118
.0128
.0253
.0374
.0300
.0252

$26. 32
22.92
24.76
40.50
70.10
51.95
50.37

$0. 0172
.0152
.0163
.0280
.0446
.0379
.0332

2,799
1,945
2,292
2,955
2,764
2,540
1,587

1,060
935
1,173
1,589
1,870
2,167
2,095

73
73
49
67
87
105
126
53

$2.44
1.81
1.79
3.25
8.25
6.00
4.74

1920 monthly average
1921 monthly average. .
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

3,407
1,602
2,881
3,624
3,068
3,678

92
56
41
74
54
63

10, 023
5,331
5,648
6,009
3,993
4,324

14, 724
7,726
8,470
14, 971
12, 745
13, 766

56.26
34.46
33.95
41.70
37.99
35.45

.0284
.0204
.0173
.0242
.0224
.0200

65.60
40.74
37.86
44.55
40.87
38. 82

.0363
.0269
.0231
.0295
.0284
.0268

1,709
462
714
1,615
857
893

2,570
1,646
2,379
3,133
2,832
3,332

123

68
23
38
92
49
71

10.79
3.65
7.08
5.47
3.61
4,09

1935
January
February
March,
April

4,193
3,752
4,194
3,584

27
37
108
88

5,037
5,285
4,864
4,447

13, 027
12, 358
14, 498
13, 377

37.00
37.00
36.70
35.50

.0210
.0205
.0210
.0205

40.95
41.13
40.70
39.43

.0277
. 0283
.0276
.0273

1,171
1,054
1,006
806

3,411
3,125
3,456
3,315

101
103
139
131

63
61
66
53

4.64
4.08
3.52
3.17

3,455
3,204
3,084
3,421

100
63
22
25

4,050
3,710
3,539
3,513

13,803
13, 444
13, 909
14, 399

35.25
35.00
35.00
35.00

.0200
.0200
.0200
.0193

38.37
37.61
37.45
37.40

.0269
.0265
.0263
.0261

670
596
529
605

3,287
3,157
3,171
3,162

130
110
89
95

59
50
64
64

3.11
2.90
2.91
3.19

September
October
November
December

3,490
3,889
3,903
3,971

37
109
73
62

3,717
4,109
4,582
5,033

14, 093
14, 592
14, 211
13, 477

35.00
34.25
34.75
35.00

.0195
.0195
.0195
.0195

37.33
37.57
38.73
39.12

.0261
.0261
.0263
.0265

749
1,006
1,213
1,307

3,185
3,402
3,557
3,760

103
161
156
152

84
71
87
131

3.70
6.53
6.88
4.45

1926
January
February
March
April

4,150
3,802
4,488
4,124

69
56
59
80

4,883
4,617
4,380
3,868

13, 810
14, 385
16, 866
15, 705

35.00
35.00
35.00
35.00

.0195
.0195
.0195
.0195

39.18
38.95
38.90
38.60

.0265
.0263
.0263
.0264

1,381
1,402
1,158
981

3,804
3,500
3,777
3, 602

156
166
152
149

82
68
87
55

7.31
7.84
3.28
3.13

3,945
3,751

90

3,649
3,479

16, 160
15, 949

35.00
35.00

.0195
.0185

38.25
37.68

.0261
.0262

884
811

3,722
3,610

159
152

80
76

2.94
2.84

May
June
July
August

_

_

_

May
June
July
August.. _
September
October
November...,.
December

'

• __

1
Yearly figures represent the monthly averages of total production of all companies as compiled annually by the American Iron and Steel Institute. The institute
reported up to 1923 monthly production figures for 30 companies which produced 84.4 per cent of the total output of the country in 1920, 87.48 per cent in 1921, and 84.15
per cent in 1922. In order to make the monthly figures comparable they have been calculated to a 100 per cent production each year on the basis of the above percentages.
The figures since 1922 are calculated on the basis of reports from companies which produced 95.35 per cent of the total production in 1922, 94.84 per cent in 1923, and 94.43
per cent in 1924, the total C9mputations to 100 per cent being made by the American Iron and Steel Institute. Data for 1925 and 1926 are prorated on the 1924 percentage.
Monthly
data, beginning with inauguration of monthly figures in 1917, are given in April, 1924, issue (No. 24), page 61.
2
Production of steel in Canada, representing complete figures, compiled by Department of Trade and Commerce, Dominion Bureau of Statistics.
3
Unfilled orders of steel and earnings reported by the United States Steel Corporation. Monthly unfilled orders, 1913-1921, are given in December, 1922, issue (No. 16),

Average of weekly prices from U. S. Department of Labor, Bureau of Labor Statistics. Monthly prices, 1920 and 1921, are in May, 1922, issue (No. 9), pages 49 and 83.
8 Average of weekly prices compiled by the Iron Trade Review, on the following 14 products: Pig iron, billets, slabs, sheet bars, wire rods, steel bars, plates, structural
shapes, black galvanized and blue annealed sheets, tin plates, wire nails, and black pipe. Pig iron average, in turn, is average of 13 different quotations. Monthly data
1913-1922, given in April, 1923, issue (No. 20), page 48.
'
6 The figures for composite steel compiled by the American Metal Market represents the daily average price per pound of steel products weighted as follows: 2^-pound
bars, IH-pound plates, l^-pound pipe, IH-pound wire nails, 1-pound galvanized sheets, and H-pound tin plate.
? Production figures, representing complete production, compiled by U. S. Department of Commerce, Bureau of Mines.
8
Compiled by the Canadian Department of Trade and Commerce, Dominion Bureau of Statistics, presenting complete figures for Canada.
8 Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
!0 Compiled by U. S. Department of Labor, Bureau of Labor Statistics, representing beehive furnace coke (range of prompt and future) at Connellsville ovens.




36

Table 15.—FABRICATED STEEL PRODUCTS
FABRICATED
STRUCTURAL STEEL 1

FABRICATED
STEEL PLATE «

Shipments

Bookings
YEAR
AND

MONTH

IRON AND STEEL 3

Exports

Bookings

STEEL FURNITURE <

Imports

Total

RaStor- Selected
Com- Rato Com- tio to
age
Raputed tio
puted
ea- Quan- tio
caitems
to
tanks
total pae.
pac.
tity

Total

Total

Shipments

Orders
received

capac.

Short
tons

Per
cent

Short
tons

Per
cent

Short
tons

Per
cent

Short
tons

Shelving

Business group

Long tons

Unfilled
orders
end of
mo.

Ship- Orders
ments received

Dollars

1913m. a. 105, 000
1914m. a. 105, 500
1915m. a. 149, 800
1916m. a. 153, 180
1917m. a. 138, 600
1918m. a. 136, 640
1919m. a. 133, 560

50
50
70
69
60
56
53

228, 801
120, 123
293, 207
503, 971
536, 980
444, 835
366, 663

26, 556
24, 027
23, 533
25, 906
26, 974
14, 052
26,837

192*0 m. a. 140, 400
1921 m. a. 92, 750
1922m. a. 176, 080
1923 m. a. 185, 250
1924m. a. 202, 170
1925 m. a. 225, 446

54
35
62
65
69
74

203, 391
229, 513

167, 515
167, 565
150, 580
146, 881

36, 626
10, 083
60, 762
59, 942
39, 845
70, 139

$1, 935, 736
2, 235, 635

$1, 945, 294
2, 278, 907

$1, 255, 502
1, 540, 813

$566, 648
556, 493

1935
Jan
Feb
Mar
Apr

173, 850
176, 900
210, 450
231, 800

57
58
69
76

May
June
July
Aug

207, 400
262, 300
247, 050
237, 900

Sept
Oct
Nov
Dec
1926
Jan
Feb
Mar
Apr
May
June
July
Aug

Unfilled
orders
end of
mo.

69
75

44, 920
26, 092
27, 157

65
38
40

24, 677
10, 281
7,295

412, 030
183, 980
139, 473
135, 443
123, 128
112, 809

176, 900
186, 050
222, 650
231, 800

58
61
73
76

27,064
20, 805
22, 502
22, 430

40
31
33
33

4,314
3,321
2,908
6,547

116, 715
77, 989
126, 154
122, 186

141, 777
102, 989
155, 384
155, 375

72, 921
85, 872
84, 376
65, 649

2, 1,90, 849
2, 148, 317
2,253,005
2, 241, 750

2, 43iO, 715
2, 209, 520
2, 239, 493
2, 194, 607

1, 497, 460
1, 556, 713
1, 539, 216
1, 520, 313

517, 363
443, 514
539, 972
650, 769

521, 877
539, 286
606, 754
566, 834

361, 268
453, 358
515, 434
436, 048

68
86
81
78

231, 800
234, 850
250, 100
244, 000

76
77'
82
80

27,684
34, 402
29, 272
29, 261

41
51
43
43

8,503
16, 327
6,381
7,500

112, 290
99, 624
110, 122
145, 382

150, 612
136, 847
139, 861
188, 465

62, 223
76, 403
50, 618
57, 099

2, 204, 103
2,130,316
2,111,358
1, 957, 385

2, 127, 440
2,116,034
2, 105, 133
1, 989, 476

1, 457, 502
1,457,432
1, 490, 784
1, 437, 507

549, 272
514, 117
482, 187
452, 716

523, 426
501, 182
510, 815
516, 694

372, 296
360, 089
398, 973
447, 255

244, 000
271, 450
216, 550
225, 700

80
89
71
74

240, 950
268, 400
225, 700
240, 950

79
88
74
79

23, 983
28, 338
28, 557
31, 585

35
42
42
47

8,458
8,076
7,492
7,714

106, 462
99,504
128, 419
108, 866

136, 791
141, 817
171, 134
142, 209

61, 015
69, 280
70, 556
85, 652

2, 123, 733
2, 423, 474
2, 191, 680
2, 851, 652

2, 260, 194
2, 488, 353
2, 309, 159
2,876,761

1, 629, 357
1, 544, 013
1, 663, 526
1, 695, 927

542, 173
622, 471
574, 905
788, 461

624, 676
730, 911
686, 814
620, 947

511, 689
626, 933
739, 831
570, 941

179, 950
183, 000
207, 400
219, 600

59
60
68
72

207, 400
195, 200
247, 050
244,000

68
64
81
80

25, 077
30, 809
37, 120
32, 691

40
45
55
48

8,165
9,630
12, 629
6,042

150, 972
130, 533
142, 061
162, 924

174, 585
157, 187
169, 438
194, 449

71, 838
92, 681
83, 808
98, 442

2, 859, 393
2, 598, 713
2,843,869
2, 782, 167

3, 063, 833
2, 662, 095
2, 687, 268
2, 936, 884

1, 927, 777
1, 975, 834
1, 804, 059
1, 783, 734

578, 161
603, 501
726, 413
699, 370

582, 016
656, 367
583, 701
704, 432

584, 824
633, 935
604, 991
570, 693

231, 300
228, 750

76
75

237, 900
268, 400

78
88

46, 473
37, 401

68
55

15, 728
7,779

139, 787
132, 164

173, 418
159, 506

92, 201
107, 712

2, 575, 561
2, 605, 502

2, 464, 457
2, 556, 631

1, 588, 788
1, 535, 166

617, 260
601, 913

580, 995
606, 698

587, 310
553, 660

$555, 042 5 $374, 017
482, 843
579, 185

Sept
Oct
Nov
Dec
1 Fabricated structural steel data compiled by the Bridge Builders and Structural Society up to April, 1922, and since then by U. S. Department of Commerce, Bureau of
the Census, including reports from the Structural Steel Society. Percentages of capacity calculated from reports of the Bridge Builders and Structural Society up to April, 1922,
and applied to estimated total capacity each year based on a special annual survey by the Bureau of the Census. Beginning with April, 1922, rep9rts received from 204 firms
(and in addition 20 firms now out of business) with a total capacity of 254,750 tons in 1922, 254,010 tons in 1923, 261,805 tons in 1924, 269,720 tons in 1925, and 272,975 tons in
1926 have been prorated to the estimated total capacity of the United States, 284,000 tons in 1922 and 285,000 tons in 1923, 293,000 tons in 1924, and 305,000 tons in 1925 and
1926, 2 for comparison with previous figures.
Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 36 identical firms, including most of the larger fabricators. Data for other classifications included in the total covering refinery, tank cars, gasholders, blast furnaces, and miscellaneous, including stocks and ladles, but not separately shown, are given in
pressreleases issued by the Bureau of the Census.
s Iron and steel exports and imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The export column designated " Selected items"
and the imports are based on the group of pig iron and rolled products as used in the Iron Trade Review, comparable each month back to 1913. Beginning with January,
1922, all commodities are given in quantities in the export reports, and thus a grand total can be presented in the column showing total exports, as compiled by the U. S.
Department
of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1920 are given in June, 1922, issue (No. 10), p. 42.
4
These data, compiled by the U. S. Department of Commerce, Bureau of the Census, including reports from the National Association of Steel Furniture Manufacturers,
are based on reports from 33 companies in the "business group" and 16 companies manufacturing shelving, comprising the entire industry, with few exceptions. Previous
to September, 1924, the "business group," data were from 22 manufacturers only, which formed 80 per cent of the "business group" totals for 33 companies in the period
from September, 1924, to May, 1925. Monthly data for the 22 companies' shipments from 1919 are given in March, 1923, issue (No. 19), p. 45 and the later data in the November, 1924 issue (No. 39) p. 60. The "business group" includes sections, counters, office and vault verticals, safes and interiors, desks and tables, and small miscellaneous
articles, exclusive of lockers.
« Four months' average, September to December, inclusive; previous data not available.




37

Table 16.—STEEL SHEETS AND BARRELS
SHEETS— BLUE, BLACK, GALVANIZED, AND FULL FINISHED
Production 1
"5PEAR AND MONTH

Total

Ratio
to
capacity

Short
tons

Per
cent

Stocks,
end of month
Total

Unsold

STEEL BARBELS 3

Prices 2

Shipments *

Sales i

Unfilled1
orders

Y*ngstown
district

Ratio

Stocks,
end of
month

Unfilled
orders,
end of
month

393, 535
504,364

49, 845
52, 614

756, 963
1, 169, 763

418, 381
385, 155
398, 397
396, 112

425, 397
382, 550
407, 258
398, 312

46, 555
49, 160
47, 629
45, 429

582, 022
421, 870
519, 034
715, 480

385, 212
447, 900
391, 401
413, 785

389, 064
441, 851
389, 230
407, 474

41, 577
47, 626
49, 797
53, 265

905, 870
682, 533
1, 230, 808
1, 586, 034

Producto
tion
capac-

ity*

Dols. per
100 Ibs.

Short tons

1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average. ..
1921 monthly average.. _

171, 489
85, 409

72.7
34.9

111, 906
106, 175

5,590
46, 989

172, 161
87, 702

140, 844
75, 329

689, 853
232, 551

$4.60
5.17
4.47
5.35
3.46

1922 monthly average
1923 monthly average. _ _
1924 monthly average
1925 monthly average. ..

190, 864
222, 660
219, 836
293, 499

76.5
79.7
74.2
92.8

108, 709
129, 728
122, 955
137, 863

28, 703
35, 336
42, 115
45, 702

182, 519
230, 823
209, 329
266, 156

203, 869
213, 583
225, 024
273, 281

346, 449
450, 750
368, 147
530, 869

3.01
3.51
3.63
3.15

May
June
July
August

176, 582
114, 807
144, 291
190, 436

59.6
40.9
48.7
65.2

132, 867
128, 241
110, 419
112, 729

43, 319
45, 776
39, 621
42, 635

196, 254
141, 176
151, 255
177, 498

126, 487
108, 693
135, 998
207, 986

294, 774
246, 810
203, 440
236, 614

September
October
November
December

217, 981
247, 222
224, 931
259, 794

75.7
78.9
79.7
82.6

124,
118,
118,
131,

577
547
384
599

43, 001
42, 685
41, 573
45, 743

190,
229,
219,
229,

210
771
228
573

227, 520
221, 773
462, 709
350, 868

274, 325
275, 953
531, 845
663, 460

January
February
March
April

317, 424
283, 290
290, 308
280, 082

98.0
96.5
90.7
87.5

' 140, 823
159, 661
151, 788
137, 499

49, 460
53, 717
57, 714
51, 264

283, 645
255, 080
279, 437
263, 174

241, 040
235, 980
263, 666
193, 949

607, 190
• 565,133
550, 422
463, 425

M^ay
June
July
August

260, 470
266, 290
246, 404
270, 212

87.0
83.4
75.5
87.2

133, 513
132, 552
130, 940
114, 577

52, 051
51,614
42, 081
38, 476

232, 372
231, 006
223, 454
243, 204

186, 538
286, 453
252, 871
239,492

399, 330
440, 687
475, 950
460, 530

September
October
November
December. _ _ ... .

295, 810
348, 714
336, 021
326, 960

92.7
106.4
107.8
100.7

120, 798
123,444
143, 282
165, 481

36, 587
40, 200
36, 105
39, 155

262, 050
332, 211
294, 660
293, 579

286, 029
403, 491
370, 361
319, 504

497, 698
595, 583
636, 570
677, 907

1926
January
February _
March
April

328, 643
299, 553
319, 132
294, 811

104.4
100.9
94.2
91.0

165, 966
165, 445
173, 381
184, 289

55, 295
51,648
61, 433
62, 604

333,485
290, 026
320, 623
288, 759

253, 323
181, 101
304, 233
249, 866

609, 203
523, 882
534, 641
472, 448

264, 541
268, 448

84.3
84.0

178, 539
176, 428

58, 503
55, 140

267, 299
262, 231

201, 743
284, 319

418, 582
422, 237

Shipments

Barrels

18.1
33.8
'40.7
393,800
503, 888

44.0

1934
3.70
3.60
3.50
3.45

1925

May
June
July
August

3.40
3.25
3.05
3.05
3.05
3.10

3.20
3.25

420, 127
413, 823
505, 429
594, 971

39.0
38.0
45.0
52.0

415, 040
407, 781
510, 928
605, 424

59, 277
64, 402
57, 603
47, 048

1, 374, 274
1, 336, 124
1, 264, 860
1, 137, 552

570, 962
514, 913
497, 152
498,449

47.0
44.0
41.0
39.5

569,
508,
506,
495,

670
880
894
736

48, 340
54, 373
44, 631
48, 052

950, 353
852, 594
1, 109, 383
1, 114, 667

510, 869
553, 545
498, 929
467, 485

42.0
51.0
45.0
41.0

503,
555,
498,
474,

221
981
070
742

55, 184
52, 748
53, 607
46, 100

1, 012, 576
890, 904
1, 248, 545
1, 745, 346

468, 722
522, 486
622, 949
602, 058

43.8
46.9
55.0
53.4

469, 432
518, 104
622, 312
608, 056

45, 390
49, 772
50, 409
44,411

1, 765, 846
1, 697, 328
1, 645, 066
1, 279, 159

581, 962
626, 812

51.3
54.6

582, 352
624, 082

44, 021
46, 751

1, 209, 815
1, 300, 113

September
October
November
T)p,p.embp,r

1 Compiled, except for price data, by the National Association of Sheet and Tin Plate Manufacturers, representing almost all the independent sheet manufacturers
ranging in capacity from 59 per cent in 1921 to 75 per cent in 1925, the total capacity of the hot mills in the United States being given by the association as 365,000 short tons
at the end of 1921 and 416,000 tons at the end of 1925. Monthly data from 1920 in April, 1923, issue (No. 20), p. 53.
2 Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers Association and the Amalgamated Association of Iron, Steel and Tin Workers, representing weighted average prices of steel sheets received by manufacturers in the Youngstown district in the two-month period ending in the month named. Wage rates
are based on these price reports.
a Compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 30 identical establishments, operating 35 plants, except for figures on percentage of capacity operated, which are compiled by the Steel Barrel Manufacturers' Institute from reports to it each month by from 14 to 23 members. Monthly data from
1921 appeared in March, 1926, issue (No. 55), p. 24. Data on shipments, unfilled orders, and new orders of the Steel Barrel Manufacturers Association for 1921 to 1923 appeared
in February, 1924, issue (No. 30), p. 77, while orders data for 1920 may be found in September, 1923, issue (No. 25), p. 54.
* Compiled by the Steel Barrel Manufacturers' Institute, showing the percentage to capacity used in the production of steel barrels each month, as reported by from 14 to
23 members of the institute, no data being collected from November, 1923, to November, 1924, inclusive. Monthly data since January, 1921, appeared in the March, 1926,
issue6 (No. 55), p. 24.
Ten months' average.




38

Table 17.—IRON AND STEEL CASTINGS
MALLEABLE CASTINGS 1

STEEL CASTINGS a

YEAR AND MONTH

Total
Short
tons

ShipRatio ments
to capacity
Per
cent

Orders
booked

Total

Ratio
to capacity

Railroad

Per
cent

Short tons

Miscellaneous

Total

Ratio
to capacity

Railroad

Per
cent

Short tons

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920 monthly average _ _
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average ...

TRACK
WORK ^

Bookings

Production

Production

Miscel- Production
laneous
Short tons

57, 184
43, 602
64, 252
101, 015
88,394
109, 574
44, 120

67
51
72
107
88
105
41

27, 600
21, 142
29, 966
54, 645
34, 529
48, 124
13, 692

29, 584
22, 460
34, 286
46, 370
53, 865
61, 450
30, 428

68
26
67
75
64
60

33, 080
12, 210
38, 890
40, 318
39, 961
31, 386

45, 517
17,497
38, 277
48, 472
37, 803
43, 655

59, 052
49, 201
57, 829

258.2
46.0
54.7

2 57, 241
47, 951
•54, 747

2 41, 204
45, 795
51, 037

78, 597
29, 707
77, 167
88, 790
77, 764
75, 041

39, 261
47, 305
45, 279
55, 028

36.9
44.0
42.5
51.3

37, 617
42, 271
41, 657
48, 281

44,884
52, 485
46, 512
53, 297

72, 940
79, 537
87, 058
111, 774

60
65
71
91

34, 814
37, 898
48, 960
62, 401

38, 126
41, 639
38, 098
49, 373

January
February
March
/^pril

62, 829
56, 399
57,304
59, 046

58.6
53.4
53.6
55.4

55, 672
57, 042
58, 999
58, 610

58, 047
46, 193
52, 962
54, 145

98, 703
76, 514
75, 537
74, 541

78
61
60
59

49, 681
35, 356
29, 789
29, 861

49, 022
41, 158
45, 748
44, 680

11,066
14, 362
17, 925
16, 752

May
June
July
August

57, 289
55, 143
53, 450
53, 221

54.3
51.6
50.1
5UO

57, 260
54, 510
51, 384
49, 486

47, 247
44, 026
52, 916
45, 14-2

63, 827
62, 700
67, 881
63, 606

51
50
54
51

22, 817
23, 301
26, 387
23, 130

41, 010
39, 399
41, 494
40, 476

17, 015
17, 216
13, 818
12, 912

September
October
November
December

54, 943
64, 216
58, 315
61, 791

51.7
61.3
56.8
59.5

50, 62J
55, 795
51, 866
55, 713

46, 530
61, 778
52, 053
51, 400

59, 326
74, 283
83, 197
100, 377

47
59
66
80

20, 738
26, 434
38, 485
50, 654

38, 588
47, 849
44, 712
49, 723

11,313
12, 609
12, 181
13, 395

72, 417
62, 574
70, 474
62, 812

69.2
59.7
67.6
60.3

52, 287
59, 845
65, 989
62, 333

61, 120
54, 118
55, 027
49, 599

91, 946
90,799
108, 231
105, 602

72
71
84
82

37, 321
41, 191
46,628
41, 446

54, 625
49, 608
61, 603
64, 156

106, 058
93, 288
104,847
86, 685

83
73
82
67

51, 557
41, 236
44, 507
26, 713

54,501
52,052
60, 340
59, 972

15, 197
16, 078
19, 586

55, 803
56, 659

54.3
54.5

54,908
57,641

45, 376
42, 813

95, 608
93, 392

74
73

42, 087
34,290

53, 521
59, 102

78, 889
68,030

61
53

31, 318
15, 092

47, 571
52,038

2

17, 564
12, 715
14, 214

1934

September
October
November
December
1935

_

_

1936

January
February
March.
April
May ._
June
July
__
August

September
October
November
December

_

-

_
.

_

1
Compiled by the U. S. Department of Commerce,, Bureau of the Census, representing reports from 130 identical establishments, covering most of the industry. The
bookings,
however, are furnished by only 122 firms.
2
Seven months' average.
3
Reported by the Steel Founders Society and principal nonmember firms to the U. S. Department of Commerce, Bureau of the Census. Reports are by 107 identical
firms with a capacity of 131,300 tons per month, of which 59,200 tons are usually devoted to railway specialties. This represents over 80 per cent of the steel castings capacity
of the United States devoted to commercial castings (as distinguished from castings used in further manufacture in the same plant). Prior to 1920 figures for companies
representing about 6 per cent of the miscellaneous castings are not available and the totals of this class have been prorated by that amount for these years in order to afford
comparison with later years. In July, 1923, two companies, with a combined capacity of 785 tons per month devoted to miscellaneous castings ceased operations. Railway
specialties include such items as bolsters, side arms, draft arms, couplers, and cast-steel car wheels, and are reported by identical firms throughout. Monthly data on bookings 4from 1920 appeared in May, 1926, issue (No. 57), p. 27.
Compiled by the American Iron and Steel Institute and covers the production of T-rail track of 60 pounds per yard and heavier, including all special or fabricated T-rail
trackwork (switches, switch stands, frogs, crossings, guard rails, and appurtenances) of carbon steel, manganese steel, and other metals for both domestic and export use.
Monthly figures are available only from the beginning of 1925 and are collected only every 3 months.




39

Table 18.—IRON PRODUCTS

Meltings
YEAR AND MONTH

Ratio
Actual to normal

Total stocks,
end of 1110.

OHIO FOUNDRY IRON 1

CAST-IRON BOILERS AND RADIATORS >

Square Boilers

Round Boilers

V*

O

|i

Un- Stocks, ProShipShip- filled
Proend
duction ments orders
mo. duction ments

Radiators

Un- Stocks, ProShipfilled
end
orders
mo. duction ments

Unfilled Stocks,
orders end mo.

Long
tons

Per cent of normal
meltings

» 7, 791
12, 183
20, 497
19,014
18, 632

320.7
51.8
73.8
67.6
77.8

93
89
85
91

37
58
52
66

18, 774
21, 458
20, 051
. 14, 571

71.5
68.1
70.3
57.6

86
77
82
94

49
52
48
45

1934
January
February
March.
April

20, 520
23, 137
23, 331
23, 470

74.4
74.1
79.9
74.6

85
78
84
87

57
60
59
51

May
June
July
August

22, 586
20, 251
18,658
15, 403

75.0
72.0
62.5
54.2

82
87
85
87

44
51
49
42

September
October
November
December

14, 721
15, 407
16, 209
14, 471

54.5
64.5
62.8
63.0

83
85
98
76

41
52
60
57

1935
January
February
March
April

16, 516
17, 605
21,035
19, 954

70.7
71.4
74.9
74.0

94
106
94
92

72
58
64
54

17, 612
18, 054
19, 649
20, 245

11, 887
12, 183
14, 064
18, 073

20, 552
19, 973
20, 163
20, 560

13, 877
13, 514
14, 431
17, 657

13, 281
12, 349
11, 527
12, 625

10, 378
8,898
9,463
11, 565

May
June
July
August

20, 311
19,940
17,117
15, 353

77.8
73.0
85.3
76.8

108
84
84
79

59
61
70
61

18, 919
18, 305
19, 722
19, 142

18, 811
16, 513
20,017
22, 785

18, 488
17, 253
20, 691
21, 694

17, 711
16, 884
21, 350
26, 346

11, 781
10, 152
12, 663
13, 124

14, 372
11, 404
13, 858
17, 038

19, 125
25, 002
15, 953
15, 678

84.3
92.5
75.4
77.9

88
92
83
88

78
69
68
74

18, 830
24, 310
19, 810
19, 715

23, 674
28, 889
22, 920
17, 407

21, 344
27, 889
20, 854
21, 378

29, 062
31, 528
24, 571
18, 832

13, 426
18, 604
15, 788
16, 512

17, 121
19,848
16, 455
14,825

16,797
16, 123
21, 162
16,908

76.0
73.9
90.3
86.0

77
91
111
100

64
69
78
72

19, 087
21, 240
23, 549
24, 380

13, 087
12, 928
14,288
17, 340

13,278 74, 324
14, 150 85, 332
19, 987 94, 657
19, 974 102, 248

20, 802
19, 471
20, 274
22,012

13, 846
12, 736
12, 266
15,012

14, 617 89, 567
14, 341 93, 198
18, 033 102, 007
18, 022 108, 944

15, 342
15,360
15, 740
16, 366

10,004
9,770
8,810
10, 592

10, 576
12, 202
17, 778
14, 210

32, 115
38,053
45, 059
50,897

17, 518
15,025

76.2
80.3

95
88

69
74

20,660
20,982

18,881
16,883

20,056 104, 917
18, 162 109, 243

20, 933
20, 655

19, 181
16, 502

20,538 110, 533
18, 214 114, 515

14, 113
13,834

14,355
10,824

16,489
13,486

50, 853
53,638

1921
1922
1923
1924
1925

mo . av
mo. av
mo. av
mo av
mo. av

1933
September
October
November
December

September
October
November
December

1936
January
February
March
April
May
June
July
August

__

Thousands of square feet of heating
surface

Thousands of pounds

16, 848
18, 126
19, 526

17, 652
18, 753
20, 903

16, 177
17, 339
18, 935

12, 670
12, 623
13, 486

16, 641
17, 354
20, 480

11, 939
12,304
13, 769

i

..

September
October
November
December
1
Data on gray iron foundries in Ohio from Ohio State Foundrymen's Association, comprising-reports from 40 to 70 firms each month. Owing to the varying capacity of
the firms reporting each month, from 20,000 to 31,000 tons, the data on stocks and receipts have been converted to a percentage basis for better comparison. Details as to
class of receipts and stocks are shown on the associations reports. Monthly data from 1922 on receipts and stocks and total normal melt of reporting firms appeared in March,
1926, 2 issue (No. 55), p. 24.
Compiled by the National Boiler and Radiator Manufacturers' Association, from reports of 30 firms, 15 reporting on cast-iron radiators and 25 reporting on cast-iron
boilers
(both round and square), both estimated to represent over 90 per cent of the industry. The data for 1923 and 1924 are not available by months.
3
Ten months' average, March to December, inclusive.




40

YEAR AND
MONTH

BATHS

LAVATORIES

SINKS

MIS CELL ANEOUS

TOTAL
SMALL
WARE 2

Orders Stocks, Orders Unfilled
shipped end mo. received orders

Orders Stocks, Orders
shipped end mo. received

Orders Stocks, Orders
shipped end mo. received

Orders Stocks, Orders
shipped end mo. received

Unfilled
orders

Number of pieces

47, 754
49, 527
55, 769
65, 230
44, 888
32, 697
45, 768

132, 369
139, 751

3 40, 816
137, 628
253, 957
168, 542
104, 126

51, 438
58, 169
91, 512
110, 479
110, 283
127, 356

114, 943
148, 251
131, 115
98, 346

216, 295
235, 279
245, 921
239, 118

64, 399
65, 093
67, 848
63, 213

74, 925
73, 798
94,042
92, 264

104, 622
93, 878
75, 075
73, 724

68, 373
88, 980
90, 012
104, 301

1925
January
February..
March
April

93, 938
93, 380
105, 905
107, 766

May
June
July
August

1913mo.av_
1914 mo. av.
1915 mo. av.
1916 mo. av.
1917 mo. av.
1918 mo. av.
1919 mo.av.

39, 831
42, 450
46, 977
51, 181
33, 172
19, 495
34, 608

60, 530
42, 175

21, 514
69, 872

1920ino.av_
1921 mo.av.
1922 mo. av.
1923 mo.av.
1924 mo. av.
1925 mo. av_

51, 441
41, 510
74, 814
90, 396
95, 629
110, 460

20, 951
75, 324
41, 768
35, 439
71, 193
106, 995

36, 774
40, 911
93, 033
97, 316
98, 758
115, 841

1934
January
February..
March
April

95, 562
98, 568
116, 717
102, 984

52, 924
60, 462 •
63, 415
65,299

May
June
July
August

101, 146
84, 665
97, 376
103, 232

September.
October
November
December..

P.ct.

34, 322
73, 612

53, 428
57, 789
70, 626
74, 293
48, 419
33, 097
54,584

145, 329
125, 814

43, 302
109, 318
79,507
56, 408
143, 788
217, 056

53, 438
56, 315
117, 222
121, 891
106, 353
131, 741

60, 231
66, 458
95, 327
114, 146
120, 381
129, 233

129, 988
131, 921
149, 302
128, 002

103, 252
111, 044
118, 781
125, 695

139, 024
160, 636
146, 324
106, 150

214, 309
181, 907
169, 394
154, 659

110, 697
97, 963
93, 068
104, 308

134, 088
140, 810
1B4, 702
149, 974

90, 195
78, 578
78, 297
110, 347

131, 904
79,444
64, 876
89, 402

103, 002
105, 497
85, 790
83, 861

105, 056
121, 490
122, 999
123,269

121, 092
100, 926
110, 330
110, 690

108, 572
115, 236
114, 759
109, 136

112, 457
118, 448
134, 218
129, 629

119, 104
101, 925
95, 562
90,441

122, 785
129, 806
140, 692
129, 826

SeptemberOctober
November.
December..

122, 564
127, 355
86, 615
93, 242

84, 933
85, 555
110,011
123, 600

1926
January
February __
March
April

90,503
82, 909
102, 284
103, 624

116, 740
121, 933

May
June.
July
August
September .
October
November.
December..

HOUSEHOLD
WARE*

Table 19—ENAMELED WARE1

35, 089
88, 018

31, 555
34, 655
29, 367
40, 887
22, 201
23, 405
28, 383

77, 034
79, 869

25, 427
41,900

66, 333
111, 764
93, 336
59, 188
154, 896
266, 823

57,502
64, 577
124, 179
127, 919
115, 485
133, 389

31,062
33, 640
45, 531
57, 913
70,658
62, 289

47, 410
89, 394
68, 400
51, 260
111, 138
171, 306

27, 691
31, 803
60, 933
63, 290
65, 700
58, 535

3 129,261
406, 291
913, 480
480, 920
250, 646

137, 624
137, 523
157, 799
130, 247

97, 366
97, 962
100, 410
102, 458

160, 582
165, 918
163, 225
111,854

74, 484
75, 537
88, 371
79, 249

63, 964
60, 095
77, 359
81, 561

88,285
106, 028
82, 699
61, 892

735, 131
790, 983
822, 176
728, 122

73, 137
78, 794
74, 424
97, 992

126, 627
112, 062
110, 070
115, 767

116, 826
129, 862
'155,483
164, 632

81, 344
85, 611
91, 781
104, 737

78, 100
69, 186
67, 622
70, 832

94, 819
106, 031
105, 321
114, 550

49, 340
53, 758
46, 396
60, 661

579, 854
458, 182
395, 697
339, 022

147, 318
161, 474
171, 999
196, 324

94, 243
91, 583
83, 685
127, 240

110,666
114, 710
91, 625
99, 857

197, 932
215, 939
228, 438
251, 448

94, 871
99, 688
93, 556
132, 658

75,312
71, 508
50, 716
46, 983

132, 121
158, 351
151, 675
187, 812

65, 201
58, 291
50, 175
65, 669

286, 783
206, 332
174, 127
254, 625

123, 533
123, 085
121, 936
123, 240

184, 765
203, 625
225, 497
228, 532

146, 677
124, 856
125, 847
123, 182

127,
121,
125,
135,

289
519
667
767

252, 258
276, 333
306, 220
306, 477

148, 857
123, 982
120, 513
130, 063

72, 316
65, 032
71, 203
75, 089

174, 290
188, 348
191, 104
196, 755

71, 685
59, 723
55, 595
52, 546

295, 400
299, 254
280, 734
265, 885

110, 318
111, 797
117, 461
113, 328

122, 322
130, 691
148, 428
140, 391

232, 811
227, 018
225, 966
218, 728

129, 673
137, 887
144, 052
145, 848

130, 094
132, 243
135, 453
135, 211

286, 317
279. 287
273, 720
252,703

138, 225
136, 027
140, 839
143, 275

75, 110
64, 232
60, 837
58, 747

180, 079
179, 127
176, 506
160, 085

60, 188
62, 723
65, 384
64, 019

251, 820
252, 991
251, 545
260, 171

121, 827
110, 396
93, 685
98, 031

107, 316
79, 437
78, 325
83, 831

139, 858
140, 669
105, 523
108, 595

205, 012
201, 847
222, 032
228, 838

145, 226
124, 362
117, 750
115, 536

140, 046
145, 951
106, 028
115, 529

239, 654
239, 269
228, 659
260, 981

145, 236
130, 554
121, 985
121, 112

56, 701
57,906
45, 910
44, 380

151, 433
142, 542
153, 960
161, 445

57, 629
54, 452
46, 778
51, 700

261, 737
192, 610
206, 451
189, 157

84
86
73

130, 056
144, 501
166, 756
177, 778

103, 500
87, 002
118, 076
110, 476

88, 388
89, 611
94, 167
96, 048

114, 198
104, 982
121, 801
116, 205

232, 117
246, 544
245, 384
250, 143

125, 168
102, 910
128, 349
120, 139

115, 017
97, 797
121, 883
117, 212

253, 779
275, 530
301, 070
321, 073

123, 656
97, 108
130, 496
119, 236

51, 922
46, 210
55, 607
52,076

158, 717
160, 656
168, 298
158, 229

58, 729
47, 147
60, 226
51, 180

200, 619
198, 326
205,003
198, 203

65
72
85
86

164, 614
158, 897

124,479
119,554

90,427
80, 050

125, 241
134, 542

249, 171
248, 959

129, 327
130, 904

127, 153
129, 509

307, 405
294, 587

126, 732
126, 728

55, 0.22
56, 144

160, 469
157, 030

59, 786
58, 538

182, 931
172, 026

86

581 ;

\\:i

!|
I;

":~""::::|r;..|

H

1 Monthly production data beginning January, 1922, represent complete production, including total membership of the Enameled Sanitary Ware Manufacturers'
Association and reports to the Bureau of the Census from outside manufacturers, except that a few small firms were not able to furnish complete reports prior to January,
1924; data now include 21 manufacturers. Data prior to 1922 are totals of the association reports representing about 98 per cent of the industry, and may be found in the
May,
1922, issue (No. 9), p. 81.
2
Small ware includes lavatories, sinks, and miscellaneous.
*4 Average of 8 months, May to December, inclusive.
Data compiled by the Enamelist Publishing Co. from trade reports on the wet-process vitreous enamel industry, covering stoves, kitchen ware, scales, refrigerator
linings, etc.; reports are from about 350 furnaces, representing about 90 per cent of the industry.
* Average for three months.




41

Table 20.—MACHINERY
PUMPS

Agricultural

3

Steam, power, and
centrifugal 4

Shipments
YEAS AND
MONTH
Total

Electric

Sales

Shipments

Orders Pitcher, Power
on
hand and
hand,
and hydro- Total
end of wind- pneumonth
mill matic
Number

Dollars

No. of machines

Dollars

UnNew Ship- filled
orders ments orders

Thousands of dollars

65
73
55
49
59
58
63

234
183
73
130
122
94
112

52, 732
65, 920
27, 262
60, 409
60, 871
42, 857
46, 111

261
202
38
77
134
94
150

997
1,152
1,023
1,145

2,264
2,197
2,052
2,247

3,721
3,276
3,512
4,350

63
56
54
62

60
70
68
67

73
104
106
91

25,988
58, 565
37, 167
31, 732

74
95
89
104

1,148
1,088
1,542
1,471

946
1,067
1,319
1,354

2,417
2,422
2,627
2,975

3,057
3,320
4,146
3,933

54
45
77
71

50
60
83
62

57
135
131
120

27, 871
46, 298
71, 099
47, 627

104
114
134
131

600, 766
627, 448
597, 720
636, 353

1,463
1,661
1,563
1,791

1,392
1,539
1,498
1,428

3,031
3,150
3,212
3,530

3,773
4,724
3,477
3,513

79
69
57
50

92
90
48
56

122
128
147
91

55, 588
44, 095
58, 719
29, 865

135
159
153
161

2,909
3,666
2,984
3,033

643, 338
662, 700
516. 356
513,311

1,323
1,481
1,289
1,336

1,461
1,582
1,290
1,625

3,378
3,252
3,256
2, 765

4,281
3,725
3,777
4,726

68
63
48
48

57
59
53
43

119
114
76
108

38, 155
53, 451
33, 461
47, 104

149
208
189
162

3,167
2,609

506, 934
493, 381

1, 353
1,335
1,685

1,212
1,310
1,438

2,997
2,999
3,222

3,138
3,564
3,506
4,639

63
55
72
46

34
54
69
55

72
83
132
145

36,913
33, 141
52,312
70, 055

145
146
183
134

3,625
4,495

53
68

40
42

129
175

48, 482
68, 408

112
186

8 $97, 284
275, 955
403, 443
311, 892
388, 775

1934
September
October
November
December

67, 994
67, 925
57, 301
56, 576

57, 883
57, 533
48, 072
46, 878

219, 279
259, 871
284, 617
393, 367

233, 854
252, 580
203, 558
324, 296

327, 291
329, 061
399, 325
431, 656

36, 988
47, 177
39, 437
42, 763

2,189
2,380
2,494
2,204

443, 636
484, 931
483, 668
466, 067

973
1,001
873
1,293

1935
January _
February
March
April

57, 305
66, 720
73, 739
77, 004

46, 207
53, 038
61, 108
62, 925

304, 725
326, 887
469, 325
345, 908

305, 581
277, 856
348, 590
325, 952

421, 918
446, 895
539, 540
539, 232

59, 815
60, 030
58, 327
56, 268

2,213
2,539
2,964
3,550

522, 995
516, 966
545, 812
604, 393

May
June
July
August

76, 200
77, 515
76, 267
78, 539

63, 380
64, 302
65, 495
64, 040

332, 175
334, 424
353, 561
580, 865

407, 340
318, 442
352, 603
388, 371

463, 431
460, 383
457, 925
598, 143

57,665
60, 344
59, 360
63, 995

3,136
3,413
3,151
3,289

September
October
November
December

78, 774
75, 577
73, 746
70, 683

66, 601
63, 607
62, 276
59, 894

296, 438
424, 054
480, 328
416, 610

351, 121
400, 646
414, 148
472, 144

544, 042
518, 795
593, 456
550, 016

62, 944
68, 152
46, 173
53, 068

1926
January
February
March
April- _

68,753
77, 164
92, 832
92, 582

54, 557
61, 509
74, 859
74,522

414, 121
472, 814
483, 010
434, 626

445, 377
422, 004
525, 655
402, 494

501, 793
536, 978
504, 671
506, 214

50, 269
56, 255

89, 150
90, 758

72, 865
73, 258

425, 638
407, 940

415, 082
417, 632

524, 382
511, 290

May.
June
July
August

Eel. to
1922-24

68
65
57
49
49
52
61

47, 128
24, 117
35, 244
46, 197
51, 005
61, 073

-.

Num- Total
h. p.
ber

Number

New
orders
index

3,073
3,097
3,157
3,201
3,220
3,550
3,871

74, 071
34, 691
48, 203
59, 036
60, 741
73, 506

_

Sales

$1, 339 $1,044 $4,306
2,045 1,945 9,679
859
1,176 4,785
1,157 1,031 3,807
1,464
1,532 5,192
1,099
1,136 2,438
1,430 1,375 3,001

1919 mo. av
1920mo.av._1921 mo. av.._
1922mo.av.._
1923 mo. av.._
1924mo.av.._
1925 mo. av.._

$101, 843
256, 869 8 $369, 816
379, 464 586, 583
306, 664 469, 183
363, 566 511, 148

MACHINE
STOKERS e TOOLS
(7)

PATENTS
GRANTED «

Agricultural
implements 8
Internalcombustion
engines

FOUNDRY
EQUIPMENT '

Total,
all classes

WASHINGMACHINE
SALES i

9 51, 566 s 2, 029 fl 455, 512
49,804 2,049 481, 371
8 45, 021 8 2, 235 8 469, 503
58, 845 3,071 582, 347

__

September
October
November
December
1 Compiled by the American Washing Machine Manufacturers' Association from reports of 48 members representing practically the entire industry in the United States
and Canada. Data for 7 small firms have been estimated to make the compilation complete. Monthly data from 1920, showing electric, gas, and power, water-power, and
hand2 machines, separately, are given in November, 1924, issue (No. 39), p. 97.
Data reported by 11 members of the Foundry Equipment Manufacturers' Association, said to represent 65 to 70 per cent of the foundry equipment industry. The principal products
are molding machines, sand-cutting machines, sand-blast machines, tumbling barrels, sand-mixing machines, cupolas, ladles, core-making machines, etc.
8
Compiled by the Federal Reserve Bank of Chicago, covering 22 firms, until 1924, since when only 19 firms have reported; the total shipments include, besides the articles
shown in other two columns, the value of cylinders shipped separately. Comparable data for May, June, July, and August, 1924, are not available, several firms having
failed to report. Details for each class, segregated as to foreign and domestic shipments, are shown separately in the monthly summaries of the Federal Reserve Bankof
Chicago.
4
Data from the Hydraulic Society, covering about two-thirds of the industry, on which monthly data back to January, 1919, may be found in the September, 1923, issue
(No. 25), pp. 54-57. The association reports give data by classes, showing single steam, double steam, power, and centrifugal. The number of firms reporting has gradually 5increased from 14 in 1919 to 23 in 1925.
Patents granted compiled from the official records on file in the V. S. Department of Commerce, U. S. Patent Office, Division of Publications; inasmuch as patents are
granted on Tuesdays only, the number of patents shown for a given month represents the total of either four or five Tuesdays. Monthly data from 1913 appeared in April,
1923, issue (No. 20), p. 48, except for internal-combustion engines, which appeared in June, 1923, issue (No. 22), p. 52. Agricultural implements patents fall within the official
classification of "Agricultural implements; planters, harrows and diggers, plows, harvesters, scattering unloaders, and threshing implements." Annual averages from
1913 to 1918 appeared in February, 1925, issue (No. 42), p. 64.
6 Stoker sales through December, 1922, from the Stoker Manufacturers' Association, said to represent approximately 99 per cent of the industry; beginning with January,
1923, from reports to U. S. Department of Commerce, Bureau of the Census, from 13 manufacturers, representing practically the entire industry (15 prior to August, 1924,
when 4 establishments consolidated into 2). Monthly data from 1920 appeared in September, 1922, issue (No. 13), p. 48. Press releases show segregation as to installation
under
fire-tube or water-tube boilers.
7
Compiled by the National Machine Tool Builders' Association, including quantity reports from between 50 and 60 firms, said to represent about one-third of the industry. This index, based on average monthly shipments for the years 1922 to 1924 as 100, covers gross new orders, and is substituted for the index previously published, based
on 1920 as 100. The association reports give detailed index numbers by sizes of firms but no numerical data. Detailed shipments data, since discontinued, appeared on p.
55 of the April, 1924, issue (No. 32).
8
Seven months' average.
° Eleven months' average.




42

United States

Trucks

Passenger cars

i'

YEAR AND MONTH
Total

United
States

Canada

CanTotal United
States ada

Total

Complete or chassis

Accessories
and
Passenger Tr'ks parts Total senger Tr'ks
cars
cars

Pas-

Thous.
of dols.

Number of cars

Passenger Autocars mobile
and
accesmotor- sories
cycles

Thousands of dollars

Number of
cars

84
$523
286
462
1,841 1,389
1,577 2,001
1,207 2,635
, 859 2,801 6 1, 006
1,299 3,547 1,912

6780
1, 633

6226
(7)
279 $116, 480 7 $86, 090 7$1,138

2,428
623
955
2,072
2,255
4,886

7,183
3,255
3,191
4,915
5,086
7,016

1,918
893
3,164
5,827
4,721
6,182

1,506
775
2,950
4,790
3,657
4,834

412
118
214
1,037
1,064
1,349

139, 340
85, 400
116, 420
177, 140
168, 540
186, 640

85, 004
67, 474
58, 923
64, 336
58, 017
76, 955

1,263
687
799
909
861
697

8,851
11,862
14, 981

2,982
2,152
4,728
23,806 5,027

4,764
5,363
8,450
8,163

5,174
5,136
7,573
5,894

3,732
4,008
6,495
4,760

1,442
1,128
1,078
1,134

131, 980
111, 260
114, 980
222, 420

66, 279
57, 572
65, 953
64, 837

592
277
461
498

13, 075
11, 874
15, 433
16, 279

1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

38, 458
45, 307
68, 218
124, 468
145, 066
77 199
138, 138

1,958
2,115
6,167
7,500
10, 680
18, 938
26, 364

2,241
2,147

2,157
1,861

5,330
6,737
6,687
3,937
6,894

3,489

1920
1921
1922
1923
1924
1925

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

156,
127,
199,
309,
271,
319,

14, 304

11, 876

2,579

20, 360
30, 090
30, 052
39, 866

596
1,434
1,457
1,840

3,202
6,546
12, 658
14, 843
25, 245

5,160

5,480
3,078
5,595

|

930
933
819
930
897
650

191, 910
299, 161
262, 083
308, 041

7,909
10, 769
9,814
11, 609

26, 837
12, 272
20, 956
31, 524
31, 509
41, 706

213, 851
253, 955
334, 214
393, 262

205, 550
243, 176
321, 200
377, 747

8,301
10, 779
13, 014
15, 515

28,203
34, 482
45, 180
47,984

26, 638
32, 789
43, 091
46, 408

1,565
1,693
2,089
1,576

17, 474
16, 891
27, 993
28, 833

14, 492
14, 739
23, 265

384, 548
366, 510
360, 124
- _ _ 223, 517

366, 197
352, 261
348, 984
216, 087

18, 351
14, 249
11, 140
7,430

45, 719
38, 151
41, 870
37, 850

43,831
36, 357
40, 025
36, 364

1,888
1,794
1,845
1,486

29, 871
20, 408
20, 859
33, 240

24, 562
17, 310
16, 567
26, 516

5,309
3,098
4,292
6,724

9,081
7,329
5,704
6,021

5,753
6,081
4, 284
4,431

4,633
4,811
3,021
2,985

1,120
1,270
1, 263
1,446

200, 560
230, 120
246, 660
203, 960

65, 653
91,118
73, 799
98, 312

688
959
660
558

18, 237
16, 839
16, 194
15, 936

_ 274, 227
408, 017
337, 435
286, 141

263, 855
394, 096
328, 694
278, 643

10, 372
13, 921
8,741
7,498

60, 482
46, 013
40, 048
34, 488

58, 002 2,480
44, 323 1,690
37, 811 2,237
32, T57 1,731

22, 814
22, 562
28, 472
33, 520

18, 780
18, 487
21, 158
24, 619

4,034
4,075
7,314
8,901

7,561
7,521
6,346
7,887

5,547
7,976
9,323
7,015

4,030
6,229
7,659
5,642

1,517
1,747
1,664
1,373

236,000
101, 780
252, 280
187, 700

106, 763
66,004
90,382
76, 791

1,463
580
438
1,186

11, 817
12, 713
14, 727
16, 651

284, 174
335, 658
399, 389
403, 850

272, 922
319, 763
381, 116
383, 907

11, 252
15, 895
18, 273
19,943

32, 741
40, 882
48, 710
53, 308

29, 763
37, 599
44, 842
50, 312

2,978
3,283
3,868
2,996

26, 312
28, 232
27, 952
31, 189

21, 171
22, 355
22, 278
23, 152

5,141 7,161 5,159
5,877 8,380 8,408
5,674 10, 617 10, 888
8,037 9,608 4,101

3,760.
5,936
8,033
2,661

1,399
2,472
2,855
1,440

188,060
142, 700
202, 940
336, 500

61, 023
55, 329

543
486

17, 934
18, 247
31, 187
18, 263

396, 168

373, 140
339, 542

23, 028

50, 743

47, 838
44, 033

2,905

28, 482
19, 934

22, 120
15, 354

6,362
4,580

3,977
2,979

1,617
1,562

322, 067

1925
January
February
March
April

September
October
November
December
1926
January
February..
IVfarch
April
!May
June
July
August

Canada

Complete or chassis

Number of cars

May
June
July
August

SALES 3

EXPORTS 2

FOREIGN
ASSEMBLIES fi

PRODUCTION i

INTERNAL REVENUE
TAXES ON TRUCKS *

Table 21.—AUTOMOBILES

-_

5,591
10, 586
12, 589
20, 358

7,685
6,789

5,594
4,541

September
October
No vember
December
1 Monthly automobile production data beginning July, 1921, represent practically complete production, as compiled by the U. S. Department of Commerce, Bureau of the
Census, including total membership of the National Automobile Chamber of Commerce. Annual figures through 1921 represent complete production as compiled by the
National Automobile Chamber of Commerce. Monthly figures from January, 1920, through June, 1921, have been estimated by the Cleveland Trust Co. on the basis of shipments and are given in detail in the July, 1923, issue (No. 23) of the SURVEY. Monthly data from 1922 appeared in May, 1926, issue (No. 57), p. 26.
23 Automobile exports compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
Computed from tax collections by the U. S. Treasury Department, Bureau of Internal Revenue. On passenger cars and motor cycles the tax rate was 5 per cent prior to
Mar. 26,1926, at which time the rate was changed to 3 per cent. On accessories the rate was 5 per cent under the act of 1921 and 2J^ per cent under the act of 1924 with an
elimination of tax under the act of 1926. It should be noted that the data in these columns have been computed to actual sales values and thus do not represent merely
the taxes on those values; also that the sales actually took place in the previous month.
* Data compiled by the U. S. Treasury Department, Bureau of Internal Revenue, represent internal-revenue taxes collected under the revenue acts of 1918, 1921, and 1924.
For taxes on automobile trucks and automobile wagons ("including tires, etc., sold on or in connection therewith") the rate is 3 per cent, and payable by the manufacturer. The act of 1924, effective as of July 3, 1924, exempts from tax truck chassis valued not in excess of $1,000 and truck bodies not in excess of $200; data on this item
since August, 1924, therefore, not being directly comparable with those of previous periods. Monthly data from 1920 appeared in January, 1923, issue (No. 17), p. 51.
Under
the act of 1926 taxes on trucks were removed.
6
Cars assembled in foreign countries except Canada by the principal American automobile manufacturers compiled by the U. S. Department of Commerce, Bureau of
Foreign and Domestic Commerce. These cars are not included in the production figures for the United States and Canada, nor in the exports of complete cars or chassis,
but 6they are represented in the value of parts exported.
7
Nine months' average, April to December, inclusive.
Six months' average, July to December, inclusive.




43

Table 22.—MOTOR VEHICLES
I

GENERAL MOTORS
CORP.2

NEW PASSENGER-CAR REGISTRATIONS
(by price groups) 1

YEAR AND
MONTH

Total

ProporHigh- Second Third Lowest Mistion
cella- closed
est
highest
price
highest
neous cars
price
sold
P. ct.
of total

Number of cars

ELECTRIC
TRUCKS AND
TRACTORS 3

ELECTRIC
LOCOMOT.
(other than
railway) *

AUTOMOBILE
ACCESSORIES «

Shipments

Shipments

Sales

Sales
To
dealers

To
users

No.. of cars

Domestic
Ex- MinTrac- All ports ing
other
tors
Number of vehicles

1
28
37
43
63

38, 064
66, 546
48, 945
69, 659

37, 195
60, 940
54, 797
68, 921

1924
January
February
March
April

42
38
38
42

61, 398
78, 668
75, 484
58, 600

33, 574
50, 007
57, 205
89, 583

May
June
Julv
August

41
37
37
40

45, 965
32, 984
40, 563
48, 614

84, 715
65, 224
60, 836
54, 842

September
October
November
December

42
52
71
67

51, 955
49, 552
23, 631
19, 927

48, 565
46, 003
33, 095
33, 919

1922
1923
1924
1925

mo av
mo av
mo. av
mo. av__

245, 315

7,113

47, 295

147, 531

39, 586

3,790

1925
January
February
March
April

164, 769
158, 817
249, 971
350, 533

4,024
4,053
6,931
9,144

31, 193
30, 205
50, 176
68,004

21, 426
22, 143
36, 594
50,069

104, 512
98, 761
149, 839
214, 691

3,614
3,655
6,431
8,625

47
54
60
61

30, 642
49, 146
75, 527
85, 583

25, 593
39, 579
70, 594
97, 242

May
June
July
August

339, 794
309, 512
319, 964
261, 307

8,340
8,011
8,290
8,144

64, 703
55, 033
54,777
51, 872

49, 441
47, 269
54, 967
49, 056

208, 833
193, 147
199, 003
150, 457

8,477
6,052
2,927
1,778

59
58
54
62

77, 223
71, 088
57, 358
76, 462

87, 488
75,864
65, 872
78, 638

September ..
October
November . _
December...

193, 169
247, 002
193, 922
155, 014

7,893
8,663
6,364
5,496

50, 468
47, 814
33, 297
30,003

46, 417
43, 918
29, 866
23, 860

87, 073
145, 508
123, 612
94, 935

1,318
1,099
783
720

66
71
73
77

89, 018
96,364
73, 374
54, 117

83, 519
86,281
60, 257
56, 129

1926
January
February
March
April

192, 994
161, 975
273, 260

6,417
5,215
10, 426

36, 971
29, 575
53, 026

32,' 612
31, 377
57, 774

115, 643
94, 856
150, 921

1,351
952
1,113

84
82
78
76

76, 332
91, 313
113, 341
122, 742

53, 698
64, 971
106, 051
136, 643

120, 979
111, 380

141, 651
117, 176

May
June
July
August.

Re- Ac- ServIn- Original place- cessoice
dus- equipment
trial ment parts ries equipment

Number of
locomotives

Relative to Jan., 1925

|
16

93

11

6318
6142
6 172

615

140

45

134

21

141

9

153

14

622
6 14

M5

7259

741

151

7

749

7280

750

120

19

4

4

286
108
102
85

412

187

13

5
10
10

228

16

21
15
11
17

86
96
128
90

4
5
8
4

12
21

87
104

9
19

57
17
12
12

T65

19

156

120

153

124

100
101
138
183

100
86
95
107

100
121
159
193

100
122
162
149

174
164
165
161

134
129
152
130

173
172
149
149

146
159
113
113

179
214
149
141

100
131
133
145

155
163
158
146

123
100
96
110

137
160
182
160

103
114
146
141

127
139
167
176

115
138
205
208

145
140

177
135

183
140

175
184

September
October
November . .
December. _.
1

1 Compiled by R. L. Polk & Co., showing the number of new cars registered each month in all but three States, estimates being made for these States, which in the
aggregate
have only 2 per cent of the country's automobile population. The complete reports show data by makes of car and by States and counties.
2
Data supplied by the General Motors Corporation to show proportion of closed cars sold by a representative manufacturer and the relation between sales by the company to retail dealers and by these dealers to users. Closed car percentage is based on sales of Chevrolet, Pontiac, Oldsmobile, Oakland, Buick, and Cadillac cars, while
the pther sales figurescomprise, in addition to these passenger cars, the Chevrolet commercial cars and cars, trucks, and tractors not now manufactured, including through
April,
1925, the G. M. C. trucks, which were then transferred to another manufacturing unit. Monthly data from 1922 appeared in the July, 1926, issue (No. 59), p. 25.
3
Compiled by U. S. Department of Commerce, Bureau of the Census, representing shipments of electric industrial trucks and tractors by 9 leading manufacturers, comprising
the greater part of the industry.
4
Compiled from quarterly repprts to the U. S. Department of Commerce, Bureau of the Census, from 10 manufacturers comprising practically the entire industry. Press
releases
furnish details as to type, i. e., trolley or storage battery. Data for 1923 not available by quarters, but annual figures are reduced to quarterly averages.
6
Sales of automobile accessories and parts shipped to customers by 75 members of the Motor and Accessory Manufacturers' Association, the relative numbers being based
on value,
with January, 1925, as 100.
6
Quarterly averages.
7
Quarter ending in month indicated.




44

Table 23.—COPPER AND BRASS
1

COPPER
Stocks, end mo. 1°

Production
YEAR AND MONTH

6

Mine

4

PLUMBING FIXTURES

(N.and S. America)
World 7 DomesExtic
producshipports, y
tion, ments,
refined

Refined
Smel- (N.andS.
ters America) blister

Refined

refined *

Blister

51, 487
47, 851
62,003
83, 578
78, 976
79, 584
50, 514

51, 020
47, 922
57, 834
80, 327
78, 588
79, 522
53, 601

77,300

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average..--

51, 023
19, 667
41, 154
61, 564
66, 115
70, 176

50, 378
23, 938
47, 131
69, 478
74, 872
79, 444

69, 615
44, 766
65, 736
96, 990
108, 361
112, 692

1935
January
February
March
April

74, 789
68, 967
74, 901
70, 667

82, 676
78, 237
87, 109
79, 149

109,
109,
109,
112,

May
June
July
August

70, 574
69, 894
68, 507
68,090

September
October
November
December
1926
January
February
March
April
May.
June
July
August

_

79, 553
113, 016
121, 624
128, 406

130, 310
122, 975
135, 359
124, 510

is 63, 924
16 63, 924
16 63, 923
16 64, 726

49, 612
32, 101
62, 728
53, 119

77, 041 is 112, 434
76, 587 16 112, 434
114, 182
76, 335
72, 861 110, 029

126, 236 is 64, 726
125, 685 16 64, 725
124, 926
65, 208
122, 618
73, 740

67, 720
71, 042
67, 400
69, 566

76, 571
88, 839
78, 643
79, 285

108, 426
121, 639
113, 474
119, 535

125, 206
138, 234
133, 007
131, 809

71, 026
68, 131
75, 728
73, 454

78, 576
75, 630
80, 719
85, 951

113, 974
110, 538
121, 798
116, 302

73, 542
70,707

86, 883
78, 467

113,898
116,743

Dollars

Orders
shipped

Number of pieces

$67. 58

.2720

31, 906
46, 194
30, 398
21, 413 12351,061
25, 888
26, 178
30, 584
34, 049
45, 813
44, 151

241
240
241
434

(New
York) n

$0. 1527
«. 1360
.1728

35,003
28,362

52, 179
25, 605
45, 829
61, 293
62, 782
69, 264

Whole- Orders
sale
price, 2 received
6 pieces

Sales, tubular

per Ib. Number

38, 593

16
16
16
16

elec-

trolytic

Dollars

Short tons
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average. . _ 1919 monthly average

Price

ingots,

BRASS
FAUCETS 3

.2718

.2463
. 1869

12 320, 738
12 267, 969
12 149, 393
120, 427
244, 509
i 7 128, 918 17 241, 659
is 83,283 is 248, 213

. 1746
.1250
.1338 H 220, 198 i4$208,006
.1442
215, 908
207, 849
.1303
224, 054
265, 748
.1404
242, 535
229, 695

126. 45
119. 84
112. 81

i« 296, 090 is 280, 033
478, 768 519, 970
437, 252 381, 261
385, 891 421, 116

.1471
.1446
.1400
.1325

304, 015
260, 893
146, 494
176, 962

221, 290
156, 019
415, 024
170, 658

115.28
116. 14
114. 54
114. 46

657, 616
394, 882
313, 267
263, 551

676, 537
550, 333
554, 565
398, 594

122, 348

260, 466

56, 664
52, 945
52, 354
38, 285

91, 326
88, 008
77, 343

250, 506
242, 792
239, 542

.1335
.1340
.1395
.1449

145, 005
186, 515
179, 805
216, 768

140, 577
173, 020
180, 603
202, 586

113. 69
112. 16
111. 55
111. 44

326, 230
299, 931
336, 609
362, 901

428, 302
320, 596
350, 091
320, 958

75, 670
76, 468
82, 779
71, 358

34, 516
30, 872
30, 547
36, 069

73, 462
72, 855
67, 838
73, 082

247, 398
247, 061
249, 064
248, 875

.1438
.1430
.1435
.1387

197, 703
323, 247
393, 556
379, 462

192, 638
314, 967
385, 128
383, 828

111. 72
111.77
110. 83
110. 13

368, 405
442, 427
547, 667
317, 210

338, 083
468, 330
366, 603
280, 398

129, 518
126, 185
134, 485
136, 736

67, 829
70, 406
88, 573
75, 030

33, 648
30, 506
39, 244
44, 926

81, 686
86, 354
75, 206
72, 644

251, 096
251, 947
261, 916
264, 721

.1382
.1400
.1386
.1371

376, 875
239, 507
230, 262
192, 666

310, 120
234, 164
217, 435
187, 261

109. 79
109. 72
109. 87
109. 19

551, 408
344, 264
257, 336
257, 082

455, 876
351, 174
298, 742
302, 841

138, 184

73, 197
78,206

36, 263
42, 422

69, 369

277, 435
266, 454

.1360
.1366

184, 501
154, 250

211,223

108. 74
107. 13

219, 362
188, 979

263, 810
199, 475

125,615

66,096

173, 223

___

September
October
November.
December
1
Tubular plumbing sales from Tubular Plumbing Goods Association, comprising cast, wrought, and miscellaneous traps, basin, bath, and tank supply pipes and connected
wastes and overflows. Details by classes, sizes, and geographical distribution are given on the association's reports.
2
Wholesale price, compiled by the U. S. Department of Commerce, Bureau of the Census, is an average of 12 reports of combined net selling prices to retailers, without
freight,
on the following competitive fixtures: Bathtub, washstand, water-closet, sink, two-part cement laundry tub, and 30-gallon range boiler.
3
Data on brass faucets, representing the total of 22 different kinds of faucets, reported to the National Association of Brass Manufacturers by about 13 members each
month.
4
Figures on mine production represent practically complete primary production of copper in the United States, as compiled by the American Bureau of Metal Statistics,
since6 January, 1921. Mine production from 1913 through 1920 is given as reported annually by the U. S. Department of the Interior, Geological Survey.
Smelter production data are based on the production of blister copper by smelters in the United States from both domestic and imported ores, also from some scrap
copper, as compiled by the American Bureau of Metal Statistics. Yearly figures for the period 1913-1920 represent production as reported by the U. S. Department of the
Interior,
Geological Survey.
6
Refined production represents the total output of refined copper by primary refiners in North and South America, as compiled by the American Bureau of Metal
Statistics.
7
World producti9n of blister copper as compiled by the American Bureau of Metal Statistics, includes the smelter output of the United States, Mexico, Canada, Chile,
Peru, Japan, Australia, Europe, Belgian Congo, and Rhodesia. These countries produced about 95 per cent of the world's production in 1922 and about 96 per cent in 1923.
The 8figures are based on smelter production of blister copper without any attempt at segregation according to the country of origin.
Shipments figures represent the movement of refined copper from 12 refineries, located in both North and South America, as compiled by the American Bureau of
Metal
Statistics.
9
Exports of refined copper compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include refined copper in pigs, ingots, bars, old
and 10scrap, pipes, tubes, plates, sheets, and wire except insulated wire and cable; other manufactures of copper included since Jan. 1922.
Stocks of blister copper, North and South America, also include copper "in process." Stock figures compiled monthly through September, 1924, thereafter quarterly,,
by the
American Bureau of Metal Statistics.
11
Price of ingot copper, electrolytic, New York, based on averages of daily transactions, reported by the Engineering and Mining Journal-Press.
12
Stocks
appearing opposite the years 1919 to 1922, inclusive, are as of Dec. 31 of the year indicated.
13
Nine months' average.
14
Four months' average.
18
Seven months' average.
16
Prorated from quarterly total.
17
Ten months' average, October andNovember missing.
18
Eight months' average, January, February, April, and May missing.




45

Table 24.—TIN, ZINC, AND LEAD
ZINC'

TIN*

LEADS

Stocks
YEAR AND MONTH Deliv- World
eries

visible

Retorts ProOre
imPrice,
Ore
prime
ports, Price, in oper- duction Stocks ship- stocks,
ation, (total at re- ments, Joplin western
bars,
Joplin
(St.
pri- fineries
(£r end of
U.S. blocks,
district district Louis)4
etc. York)* month mary)
Dolls,
perlb. Number

Long tons

Production

Dolls,
per Ib.

Short tons

Ore
shipments,
Joplin
district

Receipts Stocks,
of lead U.S. and
in U.S. Mexico
ore

Price,
pig,
desilverized
(New
York)*
Dolls,
per Ib.

Short tons

105, 684
94, 468
156, 568
204, 693
136, 639
123, 033
100, 830

28, 890
29, 420
40, 793
55, 621
55, 798
43, 160
38, 250

40, 659
20, 095
14, 253
17, 598
53, 721
41, 241
37, 485

23, 931
21, 421
25, 795
30, 625
34, 070
30, 231
35, 326

$0. 0550
.0506
.1305
.1263
.0873
.0789
.0699

3,972
3,458
3,776
4,496
5,264
5,561
5 683

.4827
.2858
.3183
.4180
.4968
.5679

89, 737
36, 623
57, 007
84, 634
76, 748
87, 062

39, 981
17, 966
31, 140
44, 267
44, 654
49, 244

40, 443
79, 829
36, 385
20, 125
39, 226
15, 720

47, 499
26, 184
45, 147
58, 126
60, 965
67, 767

68, 063
58, 653
42, 003
25, 521

.0767
.0466
.0572
.0661
.0634
.0762

43, 869
47, 695

7,601
5,701
7,805
7,522
8,336
10, 774

25, 986
30, 748
37, 449
41, 844
46,069

102, 046
100, 706

.0796
.0455
.0573
.0727
.0810
.0902

5,052
4,092
4,833
3,351

.4361
.4227
.4575
.5141

81, 143
75, 155
71, 827
72, 195

47, 666
43,442
42, 913
41, 775

42, 364
49, 684
52, 705
50, 922

60, 151
45, 836
46, 351
73, 727

46, 160
48, 040
46, 360
41, 240

.0579
.0579
.0590
.0618

44, 276
46, 119
44, 483
44, 638

7,790
5,968
5,125
9,470

45, 520
41, 096
39, 956
43, 061

109, 922
108, 760
105, 486
103, 457

.0727
.0702
.0712
.0783

3,974
2,419
2,089
2,844

5,223
4,496
4,191
5,240

.4860
.5004
.5385
.5572

70, 875
72, 139
77, 631
81,274

40, 852
42, 488
42, 633
47, 711

45, 720
38, 452
26, 912
21, 208

55, 878
65, 581
79, 587
58, 809

45, 440
43, 400
31, 159
26, 600

.0618
.0632
.0680
.0737

46, 925
47, 417
46, 597
45, 920

7,770
9,355
12, 222
10, 078

43, 052
45, 577
42, 619
42, 552

98, 277
97, 471
98, 361
87, 197

.0800
.0824
.0869
.0921

22, 949
23, 591
19, 623
18, 105

4,394
3,949
5, 184
2,309

8,714
6,117
8,037
4,656

.5769
.5652
.5304
.5138

86, 081
87, 377
86, 529
86, 674

50, 386
46,811
51, 485
48, 851

18, 996
16, 703
17, 196
18, 337

67, 824
67, 482
62, 8C8
57, 427

30, 926
25, 919
26, 921
27, 595

.0774
.0748
.0732
.0699

47, 091
42, 237
49, 635
46, 209

13, 429
10, 695
9,734
9,751

47, 254
45, 224
46, 081
45, 005

100, 925
105, 812
104, 784
100, 963

.1017
.0943
.0891
.0801

4,910
6,175
6,475
6,520

20, 897
19,797
19,857
20,000

1,404
2,054
2,414
3,644

3,847
6,985
6,735
7,747

.5368
.5489
.5668
.5665

86, 457
82, 358
82, 140
85, 576

49, 738
45, 921
47, 583
47, 849

21, 210
22, 906
20, 771
17, 032

71,231
62, 641
56, 894
75, 125

30, 996
29, 025
23, 662
27, 682

.0695
.0699
.0721
.0758

47, 316
48, 775
46, 552
46, 223

9,607
10, 090
7,813
10, 772

45, 426
45, 397
43, 108
42, 588

97, 462
96, 738
95, 731
91,589

.0799
.0832
.0815
.0919

6,360
6,070
5,670
6,160

17, 642
15, 770
18, 199
18, 024

2,309
2,464
1,904
2,654

5,365
6,401
4, 574
7,449

.5641
.6046
.6214
.6195

86, 556
89, 877
90, 085
95, 029

47, 384
50, 497
50, 629
53, 794

11, 796
7,475
6, 922
9,295

70, OS3
81, 295
73, 915
66, 479

22, 810
24, 593
18, 638
17, 479

.0775
.0828
.0861
.0857

44, 334
52, 927
49, 230
51,816

10, 820
9,703
13, 693
13, 182

46, 381
47, 412
48, 273
50, 682

96, 932
104, 999
106, 912
105, 629

.0951
.0951
.0974
.0931

January
February
March
April

7,340
. _ 6,250
6,835
7,105

16, 787
16, 239
14, 280
15, 516

2,104
3,399
2,494
1,354

7,031
6,501
6,699
5,912

. 6142
.6265
.6347
.6196

96, 229
87, 651
89, 497
89, 333

56, 389
53, 237
54, 411
53, 334

14,300
20, 341
20, 561
25,990

76, 579
77,093
71, 911
64, 722

25,201
21, 528
24, 107
22, 995

.0830
.0776
.0733
.0700

50, 796
47, 604
52, 331
46, 718

11, 976
12, 304
10, 050
8,435

46, 307
43, 752
46, 309
44, 531

104, 663
105, 417
112, 637
117, 563

.0926
.0915
.0839
.0797

May
June .
July
August

5,685
6,900

18,045
15, 831

1, 739
2,409

6,160
7,230

.6017
. 5841

86, 279
76, 912

53, 703
48, 226

29, 934
25, 760

68, 718
55, 732

29, 757
31, 885

.0682
.0711

49, 915
48, 558

10, 765
7,131

43,685

120, 817

.0775
.0803

av
av
av
av
av
av
av

3,658
3,475
4,063
4,685
4,823
4, 862
2,692

12,377
14, 907
15, 208
18, 585
18, 803
13, 894
12, 890

1,930
1,599
2,078
3,331
2,284
286
1,630

4,268 $0. 4425
3,728 « . 3430
4,140 .3859
6,288
.4338
5,763
.6180
5,302
.6333
3,337

1920 mo av
1921 mo av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

4,260
2,156
4,788
5,846
5,344
6,371

19,726
19, 697
23, 655
21, 740
21, 254
19, 538

3,322
2,351
2,481
2,667
3,351
2,890

4,689
2,017
5,011
5,755
5,428
6,386

1934
May»
June
July
August

5,240
4,310
3,930
4,805

19, 711
20, 094
20, 161
24, 302

4,067
4,067
5,059
3,454

September
October _ _.
November
December

4,985
5,090
5,790
4,085

20, 233
18, 971
20, 977
25, 088

1925
J anuary
February
March...
April

7,155
7,205
7,100
6,655

May
June
July
August
September
October

1913 mo
1914 mo
1915 mo.
1916 mo
1917 mo
1918 mo.
1919 mo

_.

NoVP.TTlbpr

December

. ._

-

$0. 0437
.0386
.0463
.0686
.0879
.0741
.0576

1928

September
October
November
December

.
k

1 Deliveries and stocks of tin from New York Metal Exchange. Stocks in the United States are at port warehouses in New York at the end of the month, while deliveries
are from these warehouses and indicate approximate consumption. The world visible supply at the end of the month includes stocks in the United States, in Europe, and
afloat.
Imports of tin in bars, blocks, etc., from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2
Production and stocks at refineries at end of month of total primary zinc and retorts in operation at end of month from American Zinc Institute. Ore shipments and
stocks at Joplin district mines at end of month from the Joplin Globe. The Joplin or Tri-State district includes parts of Kansas, Missouri, and Oklahoma, and produces
about
65 per cent of zinc ore mined in the United States. Shipments are recorded as loaded at mines by buyers for shipment to smelters.
3
Production of crude lead (amount extracted from Mexican ore deducted), receipts of lead in United States ore, and total subscribers' stocks in the United States and
Mexico of ore, matte, base bullion, and refined lead, including antimonial, reported by the American Bureau of Metal Statistics. Shipments of lead ore from mines of the
Joplin
district from the Joplin Globe.
4
Price quotations, representing averages of daily prices are from the Engineering and Mining Journal; prices on tin and lead are New York quotations and zinc is irom
St. Louis.
« Eleven months' average, August missing.




46

Table 25.—ELECTRICAL PRODUCTS
|

ELECTRICAL
MFRS.i
(qtly.)

ELECTRICAL PORCELAIN 2

Shipments

Laminated
phenolic
prod-4
ucts

ELECTRIC
MOTORS «

Total

Standard

High
Special tension

Thous.
of dolls.
1922
1923
1924
1925

mo. a v _ _ _ $126, 894
mo. av... 168, 602
mo. av._. 162, 740
171,021
mo. av

1924
January
February
March..
April
May
June
July
August

September
October
November
December
1935
January
February
March
April
May
June
July
August

P^ptember
October

1926
January ._
February
March...
April
May
June
July
August

Orders

Killings

Dollars

No.

Value

No. of
hoists

Dollars

VULCANIZED
FIB Ell s

Dom. sales
Shipments

ConHol- sumption
Total low
ware

Number of
pieces

Thousands of Thous.
of
dollars
pounds

!

3 $353,264

314, 316

3 $71, 607 3 $217,346 3$109,310
153, 779
125, 446
35, 091

!

$723, 692

311 $167, 929

$154, 073

..........|i
I

169, 957

!
168, 567

138, 139

174, 296

176, 654

164, 461

169, 943

N 0 VC*TTI bpr

December

Shipments

AND

COVERS '

Shipments

Orders

1 to 200 HP.

YEAR AND
MONTH
BOOKINGS

OUTLET
BOXES

ELECTRIC HOISTS •
•

173, 025

192, 548

i

206, 555
137, 831

130, 408
139, 009

796
541
898
454

175, 314

111,025

141,
176,
162,
208,

335, 032
345, 175
361, 479
337, 214

152, 840
131, 865
137, 259
151, 241

163, 127
185, 915
165, 953
148, 215

19, 065
27, 405
58, 267
37, 758

880, 318
558, 184
490, 169
366, 761

342
303
264
264

158, 668
137, 030
137, 065

313, 954
292, 347
317, 028
262, 711

112, 563
104, 659
123, 126

37, 996
35, 370
37, 208
30, 154

416, 741
481, 664
527, 052
883, 158

280
268
320
288

164, 636
136, 064
159, 652
150, 642

141,910

111,002

163, 395
152, 318
156, 694
121, 555

272,
315,
345,
272,

627
532
902
796

100, 898
120, 041
166, 366
93, 502

140, 375
158, 064
139, 883
149, 858

31, 354 1, 096, 531
37, 427 1, 318, 083
984, 598
39, 653
29, 436
681, 050

261
350
388
408

151,913
207, 761
213, 130
216, 966

118, 166
156, 508 •
179, 286
217, 715

273, 380
280, 320
322, 589
301, 099

93, 811
93, 540
98, 818
95, 259

134, 726
144, 031
172, 506
169, 213

44, 843
42, 749
51, 265
36, 627

567, 748
489, 884
603, 372
540, 814

815, 977
878, 028
1, 167, 749
866, 869

934, 124
807, 281
1,027,319
821, 947

305
321
385
282

152, 938
166, 243
234, 032
134, 109

169, 024
210, 673
191, 188
128, 140

270, 960

85, 503

141, 483

43, 974

556, 260

740, 232

793, 832

253
332

147, 447
178, 426

185, 607

159,124

377, 383
326, 563

40, 420
49, 723

370, 365
243, 292
367, 382
434, 598

53, 255
66, 751
108, 471

96, 013
115, 119

_

181,618

109, 017
122, 930
179, 609
155, 969

151, 674

166,417
149, 677

1, 628, 546

1, 609, 255

$977
946
1,052
964

$42
34
65
61

2,630
2,822
3,266
3,182

1, 452, 768

878

61

3,234

1, 466, 302
1, 387, 165

1,288,116

September
October
November

1 Data compiled by U. S. Department of Commerce, Bureau oj the Census, from quarterly reports by four leading manufacturers of electrical goods.
2 Compiled by the Associated Manufacturers 0} Electrical Supplies, Electrical Porcelain Section, from reports of 12 firms estimated to produce 50 to 60 per cent of all
standard
porcelain (8 firms), 15 to 20 per cent of special porcelain (12 firms), and 10 per cent of high tension porcelain (3 firms).
3
4 Six months average.
Compiled by the Associated Manufacturers of Electrical Supplies, Laminated Phenolic Products Section. This product is sold mostly in sheets, tubes, and cut panels
and 5includes some material for noiseless automobile gears.
Compiled by the Electric Power Club, and comprise large power direct current electric motors of from 1 to 200 horsepower, inclusive, built in general purpose motor,
frames,
including control equipment sold with motors. The data are estimated to represent about 85 per cent of the output of these kinds of motors.
6
Compiled by the Electric Hoist Manufacturers Association from the reports of nine firms.
? Compiled by the Associated Manufacturers of Electrical Supplies from reports of 6 firms estimated to represent 75 per cent of the industry.
" Compiled by the Associated Manufacturers of Electrical Supplies, Vulcanized Fiber Section.




47

Table 26.—MISCELLANEOUS METAL PRODUCTS
ARSENIC 2

BABBITT METAL l

BAND INSTRUMENTS 3

FIRE EXTINGUISH- VACUING EQUIPUM
MENT ^
CLEAN-

AGRICULTURAL
MACHINERY AND
EQUIPMENT 6

ERS 6

Direct Sale to
Pro- Stocks, Pro- Stocks,
by
pro- con- duc- end of duc- end of
mo.
tion
mo. tion
duc- sumers
ers
Short tons

Thousands of pounds

1923 mo. av.
1924 mo av
1925 mo. av.

Total

Cup
Saxomouth- phones
piece

Wood
wind

Shipments

(qtly.)

Motor Hand
vehi- types
cles

Sales

1,497
697

2,924
3,575

1,072
1,519
923

742
3,268 7 $588, 513 7 $206, 113 7 $365, 634 7 $17, 100
224, 151
7,034
350, 817
19, 287
587, 589

July
August

1,748
1,761
1,726
1,502

2, 448
2,866
3,049
3,222

1,487
1,486
1,622
1,674

2,056
2,164
2,685
3,755

374,656
472,292

149, 439
168, 622

212, 948
292, 672

12, 269
12, 998

September
October
November
December .

1,323
1,129
1,280
1,240

3,448
3,475
3,730
4,151

1,385
1,224
1,467
1,141

4,708
5,181
6,245
6,676

498, 069
725, 505
639, 957
820, 598

191, 514
252, 978
216, 498
257, 628

297, 366
450, 182
406, 058
534, 577

9,189
22, 345
17, 403
28, 393

4,621
4,103
4,396
3,928

978
1,224
946
684

4,276
4,651
4, 394
3,881

1,269
1,218
1,301
1,210

6, 997
7,204
7,055
6,913

488, 428
539, 866
563, 436
560, 007

166, 243
177, 758
187, 722
199, 812

308, 931
345, 443
380, 118
342, 129

13, 254
16, 665
15, 595
18, 066

121
107
114
137

54, 213
45, 778
51, 526
55, 753

4,190
4,085
3,694
4,069

507
752
516
672

3,384
3,193
3,091
3,233

461
1,317
804
749

6,505
7,018
7,085
7,190

542, 816
493, 463
437, 378
483, 616

210, 410
199, 255
178, 036
194, 485

311, 755
277, 810
243, 883
273, 766

20, 651
16, 398
15, 459
15, 365

143
145
154
133

53, 931
54, 900
55, 235
50, 025

5,200

4,023

1,177

1934
May
June

132

51, 622

318,879

1,062
1,061
1,248
1,198

May
June
July
August

5,082
5, 075
5, 184
5,442

892
990
1,490
1,373

September
October
November
December.

4,621
5,550
4,955
4,879

1,041
1,380
1,421
969

3,580
4,170
3,534
3,910

511
517
492
563

3,003
3,143
3,346
3,305

866
728
503
646

7,493
7,476
6,997
6,469

613, 234
771, 239
677, 884
879, 698

228, 543
274, 429
271, 624
341, 499

364, 565
468, 530
381, 886
510, 988

20, 126
28, 280
24, 374
27, 211

129
128
128
139

51, 383
51, 466
45, 535
49, 720

1926
January...
February. _
March
April

5,153
5,140
5,861
5,229

1,444
1,272
1,008
1,412

3,708
3,868
4,853
3,817

386
357
460
368

3,433
3,540
3,534
3,718

258
536
764
377

5,950
5,675
5,976
5,462

464, 916
528, 335
622, 248
533, 728

157, 097
182, 183
214, 590
198, 628

289, 254
326, 791
385, 119
312, 130

18, 565
19, 361
22, 539
22, 974

87
97
106
120

43, 692
51, 500
59, 275
52, 894

4,797

1,157

3,640

481

3,712

140

4,768

445, 256
499, 554

179, 318
195, 867

247, 624
279, 474

18, 314
24, 213

101
141

61, 548
53, 752

May
June
July
August
September
October
November
December.

254, 075
225, 891
239, 463

170, 333

5, 683
5,165
5, 644
5,126

1

Relative to 1923-1925

220, 224

1925
January
February
March
April

13

1

Number

Dollars

Sales

Production

Total
apparent

Sales

Foreign

YEAB AND
MONTH

Refined

Crude

Domestic

Consumption

213, 232

234, 821

192, 861

316, 936

258, 238

91
91
118

93
90
117

82
95
123

101
89
110

105
101
101
100

106
103
105
101

100
89
86
94 |

92
85
80

91
82
69
65

94
79
66
59

79
94
84
91

77
81
88
91

82
109
138
140

78
112
145
144

97
95
113
122

97
101
104
106

128
138
140
131

133
145
141
127

107
108
137
147

109
108
107
110

125
102
84
102

116
101
78
86

159
110
110
166

115
116
121
126

122
148
168
140

107
143
169
142

170
175
162
131

137
133
137
133

139

142

135

128

„

f""

1 Compiled by the U. S. Department of Commerce, Bureau of the Census, from reports of 27 firms, comprising a large part of the industry. Consumption is calculated
from sales by manufacturers and consumption by those firms (among them several important railroad systems) who consume their own production. These figures include
all white-base
friction bearing metals.
2
Compiled by the American Bureau of Metal Statistics. Figures on crude arsenic cover this element in its primary state, while those on refined arsenic cover this
commodity as derived from the crude. Stocks are those in producers' hands at the end of each month. Monthly data on refined arsenic from 1923 appeared in the August
1925,3 issue (No. 48), p. 48.
Data compiled by the Band Instrument Manufacturers' Association, comprising practically the entire industry, with wood-wind instruments about 75 per cent complete.
< Data on shipments of fire extinguishers compiled from reports of 39 companies to the U. S. Department of Commerce, Bureau of the Census, comprising almost the entire
industry. Further details by classes are given on press releases. Data compiled by the Fire Extinguisher Exchange from January, 1922, through September, 1923, appeared
in May,
1924, issue (No. 33), p. 81.
6
Compiled by the Vacuum Cleaner Manufacturers' Association from companies representing about 90 per cent of the industry. Annual figures represent quarterly
averages.
Quarterly data from 1923 appeared in the July, 1926, issue (No. 59), p. 12.
6
Compiled by the Federal Reserve Bank of Chicago from reports of 113 companies on value of sales, of which 72 report on foreign sales, the reports being estimated to
cover about 80 per cent of the industry. Production figures are computed from employment figures of 109 concerns. Monthly data from 1923 appeared in the July, 1926,
issue7 (No. 59), p. 25.
Six months' average, July to December, inclusive; previous data not available.




48

Table 27.—CRUDE PETROLEUM
STOCKS 2
(end of month)
PRODUCTION i

YEAR AND MONTH

Grand
total

Tank
farms
and pipe
lines

Refineries

California

Light

IMPORTS
(3)

Heavy 1°

CONSUMPTION*
Run to
stills

Thousands of barrels
1913 monthly average
1914 monthly average . ._
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

20,. 704
22, 147
23, 425
25,064
27, 943
29, 661
31, 531

104, 962
123, 709
145, 914
144, 556
133, 883
117,412
124, 961

104, 962
123, 709
145, 914
144, 556
128, 201
103, 886
110, 026

1920
1921
1922
1923
1924
1925

36, 911
39, 137
46, 463
61, 034
59, 495
62, 988

150, 069
179, 888
278, 605
326, 682
386, 896
304, 897

60, 376
60, 469
56, 782
57, 433

Storage,

Tampico
field

Thousands of
barrels

26,261
27, 169
30, 127

8 48, 470
51, 708
69, 654

9,054
10, 442
10, 609
6,835
6,481
5,167

36, 160
36, 947
41, 725
48, 436
53, 842
61, 667

3.404
1.704
1.806
1.439
1.446
1.674

2,024
1,218
1,445
1,357
1,212
1,377

12, 814
15, 093
15, 611
12, 147
11, 251
8,487

8 21, 763
21, 927
19, 160

40, 684
41, 064
39, 639
40, 518

52, 683
53, 298
54, 713
55, 964

5,354
4,873
6,649
5,841

53, 617
55, 779
55, 029
57, 880

1.313
1.250
1.212
1.195

1,126
1,060
1,007
994

9,940
10, 191
11, 363
11, 236

21, 413
21,413
20, 723
19, 769

2 32, 366
32, 946
32, 613
32, 454

42, 102
42, 706
43,422
44, 040

56, 812
57, 777
60, 299
62, 565

7,025
5,580
6,375
5,415

57, 334
52, 992
59, 407
59, 180

1.293
1.738
1.800
1.800

883
990
1,089
1,567

11,014
10, 234
11,704
9,609

20, 179
19, 673
18, 354
19, 356

279, 670
276, 850
274, 122
272, 289

32, 415
33, 882
34, 307
30, 715

44,600
45, 226
44, 269
41,300

65, 481
64, 977
69, 159
75, 659

6,484
5,153
4,283
4,045

62, 380
64, 847
67, 578
67, 010

1.800
1.800
1.800
1.720

1,671
1,706
1,791
1,580

10, 254
8,913
8,440
6,545

19, 189
18, 591
17, 616
18,488

300, 981
297, 963
296, 690
292, 288

270, 321
269, 930
269, 546
265, 131

30, 660
28, 033
27, 144
27, 157

42, 759
43, 773
44, 426
44, 323

78, 905
80, 596
81, 807
81, 806

4,027
4,367
4,891
4,360

62, 278
64, 130
60, 521
62, 347

1.600
1.600
1.588
1.550

1,501
1,420
1,182
1,147

6,905
6,626
6,075
5,522

18, 029
18, 205
19, 872
22, 372

59, 670
54, 564
60, 669
59,988

291, 400
287, 975
287, 710
286, 208

260,619
257, 541
256, 060
252, 028

8 30, 781
e 30, 434
31, 650
34, 180

44, 215
44, 877
43, 996
38, 634

86, 979
86, 761
87, 682
85, 656

4,688
3,689
7,216
5,906

61, 257
56, 291
62, 493
61, 289

1.550
1.800
1.800
1.800

1,164
1,130
1,304
1,417

6,808
6,900
8,971
7,587

23,600
24, 152
22,008

62, 278

284, 009

248, 550

35, 459

37, 179

88,180

4,306

65, 341

1.900
2,050

1,506

16, 954
20,651
32, 932
32, 023
39, 575
31, 224

8 31, 550
39, 130
43, 579

402, 767
400, 397
397, 937
2 392, 349

361, 218
360, 078
357, 533
2 351, 354

41, 549
40, 319
40, 404
2
40, 995

59, 519
54, 045
60, 433
61, 431

2 310, 199
309, 462
308, 548
308, 382

2 277, 833
276, 516
275, 935
275, 928

May
June
July
August

68, 082
66, 675
67, 318
66, 887

312, 085
310, 732
308, 429
303, 004

September
October
November. .._
December

64, 708
64, 352
61, 459
60, 943

January
February
March __
April
May
June
July
August

__

Number
of wells

Shipments

2,159
1,766
2,743
3,318
4,608
5,319
7,280

133, 115
159, 237
245, 673
294, 659
347, 320
273, 673

__

Per
barrel

MEXICAN
FIELD 7

1,592
1,389
763
1,565
1,383
1,487
1,747

5,682
13, 528
14, 935

1934
September
October
November
December

Oil
wells
com- 6
pleted

$0. 934
.798
.583
1.258
1.775
2.197
2.279

1,484
1,437
1,512
1,714
2,514
3,144
4,401

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

Price,
Kans. Okla.,
at
wells '

1935

January
February
March
April

-

_.

1936

September
October.
November
December . ._.
1 Production data, compiled by U. S. Department of Commerce, Bureau of Mines, represent output transported from field of production, excluding oil consumed at locality of production or not transported therefrom, which has comprised only 1 or 2 per cent of the total production since 1919. Details by States and fields are given in monthly
pressreleases.
Monthly data from 1917 to 1920 given in December, 1922, issue (No. 16), p. 48, for 1921 and 1922m August, 1923, issue (No. 24), p. 77.
2
Compiled by U. S. Department of Commerce, Bureau of Mines, consolidating work formerly carried on by the Bureau of Mines and the Geological Survey under the
Department of the Interior. Tank-farm stocks include total stocks at pipelines and tank farms, producers' stocks in California and imported oil held outside refineries through
December, 1924; since then California stocks are not included. Refinery stocks since January, 1925, represent only the stocks at refineries east of California. Prior to January, 1923, the figures on tank-farm stocks included topped oil and imported oil at refineries, but the duplication between this item and the total stocks at refineries was
slight. This old method of securing figures showed totals about 2 per cent greater than those secured by the new method used in 1923. Adjustments have been made
in figures of some of the earlier years to represent approximate net stocks for comparison with later figures. Refineries' stocks include both imported and domestic oil. The
number of days supply is calculated from the tank-farm and pipe-line stocks and from current consumption but because of the incompleteness of stocks data this item is
nolonger computed. Monthly data on stocks from 1917 to 1919 appeared in December, 1922, issue (No. 16), p. 48; for 1920 to 1922 in July, 1923, issue (No. 23), p. 50; on days'
supply
from 1921 to August, 1923, issue (No. 24), p. 77.
3
Imports of crude petroleum are as compiled by the U. S. Department of Commerce, Bureau of Mines. Beginning with February, 1923, topped oil has been generally
excluded from the imports; on this basis imports for January, 1923, were 5,069,000 barrels instead of 6,199,000 barrels, as reported, and to which previous months' figures
are comparable.
4
Consumption by refiners, taken as amount of crude oil run to stills at refineries, compiled by the U. S. Department of Commerce, Bureau of Mines.
5
Wholesale price of Kansas-Oklahoma crude oil at wells is average for the month as compiled by the U. S. Department of Labor, Bureau of Labor Statistics.
6 Number of oil wells completed during the month compiled by U. S. Department of Commerce, Bureau of Mines, from reports by the American Petroleum Institute and
the 7Oil and Gas Journal.
Mexican petroleum shipments from the three ports, Tampico, Port Lobos, and Tuxpam, indicating Mexican oil production, from the Oil Trade Journal, the preliminary8 figure for the current month being taken from the Wall Street Journal. Storage of oil in the Tampico field in Mexico from the Wall Street Journal.
Average of seven months, June to December, 1923, inclusive.
810 Revised to include crude petroleum in transit not previously included which approximated 3,200,000 barrels January 31 and 1,900,000 barrels February 28.
Including fuel oil.




49

Table 28.r-GASOLINE AND KEROSENE
1

GASOLINE
Production l

Domestic

conExports 2 sumpHaw (at Natural
tion*
gas
(at
refineries) plants)

YEAR AND MONTH

KEROSENE OIL

Stocks,
end of
month i

Price,
Retail
motor, distribu- ProducNew
tion, 21
tion^
York 3 States *
Dollars
per gal.

Thousands of dollars
1917
1918
1919
1920
1921

monthly average
monthly average
monthly average
monthly average
monthly average

237, 546
297, 526
329, 822
406, 879
429, 462

18, 157
23, 545
29, 295
32, 062
37,495

34, 528
46, 398
30, 512
52, 949
43, 665

218, 420
260, 772
286, 234
354, 225
376, 336

343, 946
386, 202
472, 411
464,485
630, 757

$0. 238
.242
.245
.293
.261

1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average

516, 853
629, 662
746, 640
907, 337

42, 153
68, 019
77, 822
92, 075

48, 017
69, 967
98, 108
107,946

447, 674
548, 611
647, 520
782, 302

791, 022
1, 186, 463
1,483,400
1, 613, 761

.251
.207
.180
.191

94, 073
114, 429
86, 247
102, 704

667, 349
689, 687
781, 618
832, 622

1, 756, 489
1, 698, 115
1, 578, 229
1, 416, 636

Con- Stocks at
sump- refineries,
end of 1
tion i month

Price,
Retail
f. o. b. distriburefintion,
13
eries,
States «
Pa.3
Dollars Thous. of
per gal.
gallons

Thousands of gallons

133, 501
152, 113
195, 136
193, 341
162, 094

120, 546
116, 158
115, 789
103, 378

6 521, 273
405, 203
300, 582
379, 472
402, 522

$0. 080
.107
.115
.149
.084

149, 593
185, 097
228, 751
271, 131

192, 194
195, 745
210, 092
209, 096

121, 991
124, 308
128, 493
140, 227

301, 542
272, 921
329, 911
399, 167

.085
.084
.080
.078

29, 107
30, 268
31, 719
33, 343

.200
.200
.195
.188

221, 110
233, 522
272, 832
287, 514

199, 992
183, 141
194, 201
204,107

107, 093
110, 842
108, 444
123, 526

325, 854
315, 730
320, 688
327, 611

.076
.073
.072
.072

35, 602
29, 967
28,838
34, 084

1924
May
June
July
August

779, 194
737, 081
741, 975
755,780 - —

September
October
November
December

750, 264
760, 647
762, 046
795, 613

113, 901
90, 907
94,951
98, 701

708, 521
757, 183
697, 491
657, 966

1, 344, 768
1, 261, 852
1, 243, 515
1, 294, 472

.175
.140
.148
.150

269, 142
268, 701
257, 075
237, 801

211, 830
232, 666
233, 521
243, 832

140, 987
130, 554
138, 808
152, 399

316, 780
328, 570
355, 692
360, 956

.083
.083
.082
.084

37, 482
34, 140
31, 080
29, 980

January
February
March
April

838, 652
800, 442
862, 574
871, 597

95, 518
99, 813
118, 854
104, 442

599, 653
543, 640
625, 053
798, 584

1, 453, 197
1, 618, 891
1, 747, 199
1, 717, 592

.170
.210
.205
. 200

196, 339
192,084
195, 723
261, 600

247, 727
214, 421
219, 908
200, 497

140, 200
118, 413
117, 395
141, 701

394, 638
435, 376
456, 064
433, 260

.083
.084
.082
.078

30, 229
30, 388
29, 535
36, 359

May
June
July
August

923, 857
944, 175
966, 908
972, 689

90, 800
92, 700

98, 510
111, 690
104, 857
116, 481

859, 283
868, 350
963, 071
931, 901

1, 699, 919
1, 695, 216
1, 610, 790
1, 540, 716

.190
.215
.220
.202

279, 978
288, 800
298, 636
303, 328

202, 039
193, 664
193, 471
187,984

127, 328
104, 536
149, 535
148, 874

451, 388
472, 371
444, 020
401, 490

.075
.075
.072
.072

35, 655
31, 186
30,903
38, 654

September
October
November
December

906, 109
944, 433
922, 058
934, 549

93,100
102, 100
102, 800
107, 600

88, Oil
102, 404
124, 301
130,476

848, 867
831, 774
757, 744
759, 699

1, 514, 150
1, 529, 248
1, 589, 880
1, 648, 328

.170
.170
.170
.170

293, 650
332, 242
305, 527
305, 670

197, 834
215, 158
212,665
223, 780

180, 298
144, 956
147, 268
162, 223

352, 656
335, 001
314, 554
299, 190

.074
.077
.080
.088

38, 110
35, 185
33, -229
30, 687

^48, 904
863, 525
969, 543
987, 633

106, 000
100,000
113, 147
109, 617

137, 674
132, 803
131, 282
177, 610

720, 358
650, 718
779, 738
831, 410

1, 749, 023
1, 858, 659
1, 936, 336
1, 926, 725

.170
.175
.180
.190

243, 929
226, 663
252, 034
289, 824

214, 761
197, 992
230, 378
210, 488

147, 555
131, 397
149, 565
140, 841

287, 618
287, 994
293, 907
294,603

.090
.094
.099
.098

32, 098
28, 678
32, 435
36, 046

1, 029, 375

110, 286

188, 782
147, 657

988, 677

1, 802, 101

.202
.210

317, 912

218, 115

136, 183

309, 861

.125
.125

40, 679

_._

-

1925

_.

.

1926

January
February
March
April
May
June
July
August

September
October.
November

-

|
1

1 Production, consumption, and stocks held by refiners at end of month, from the U S. Department of Commerce, Bureau of Mines; stocks include marketers' stocks
beginning with June, 1923r while consumption figures since that time take account of this change in stocks. Natural-gas gasoline data by years from 1911 through 1916
appeared
in June, 1926, issue (No. 58), p. 24.
2

Exports of gasoline taken from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include gasoline and all other naphtha, less exports to
the Philippine Islands, to agree with data used by the Bureau of Mines.
s Prices compiled by U. S. Department of Labor, Bureau of Labor Statistics. Gasoline price represents price of motor gasoline delivered in drums to garages in New York
City, the 1913 price being $0.168 per gallon.
4 Retail distribution of gasoline compiled by the American Petroleum Institute, from reports of gasoline-tax collection by the following States: Alabama, Arkansas,
Arizona, Colorado, Connecticut, Florida, Georgia, Indiana, Kansas, Kentucky, Minnesota, Missouri, Nebraska, New Mexico, North Dakota, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, and Washington. Details by States for 1922 and 1923, with partial reports for 1921, may be found on pp. 52 and 53 of the June,
1924, issue of the SURVEY (No. 34), data from 1922 through 1924 in the May, 1925, issue (No. 45), p. 28, and data through 1925 in the March, 1926, issue (No. 55), p. 27.
Beginning
with July, 1923, Pennsylvania data are only available quarterly and have been divided by three to secure corresponding monthly figures.
c
Retail distribution of keroseme, collected from the tax statistics of Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Michigan, Minnesota, Nebraska, North
Dakota, Oklahoma, South Carolina, and South Dakota by the American Petroleum Institute. Due to an injunction against the operation of the law in Indiana, figures
for that State are not available since 1923; the totals for 1923, however, have been used for the corresponding months of 1924 and 1925, in order to permit a total for
identical States. Details by States for 1922 and 1923, with Dartial reports for 1921, appeared in the June, 1924, issue of the SURVEY (No. 34), p. 51, and data for 1924 and
1925 6in the May, 1926, issue (No. 57), p. 28.
Six months' average, July-December, inclusive.




50

Table 29.—OTHER PETROLEUM PRODUCTS
GAS AND FUEL OIL

LUBRICATING OIL

Consumption
Production^

YEAR AND MONTH

By
vessels

By

2

electric
power
plants 3

railroads 5

Stocks at
refineries,
end of
month *

Dolls,
per bbl.

Thousands of gallons
1917 monthly average
1918 monthly average . .
1;919 monthly average
1920 monthly average
1921 monthlv average

Price,
Okla.,
34-36 Production^
at refineries 4

Consumption i

Price,
Stocks at 600°,
refineries, steam
refined,
end of
month i Penn.
field^

. Thousands of gallons

Dolls,
per gal.

118,915

6 621, 860
548, 985
778, 396
687,858
1, 164, 926

$1. 515
1.885
1.120
2.622
.687

60,137
70, 122
70, 563
87, 226
73, 155

48, 379
47, 598
51,542
44, 189

6 122, 526
144, 521
161, 491
137,212
231, 172

$0. 112
.172
.224
.416
.120

46, 177
51, 397
58,490
35, 857

130, 508
164, 989
174, 925
173,439

1, 328, 233
1, 369, 624
1, 582, 368
1,028,150

.951
.929
.959
1.097

81, 563
91,447
96,244
108, 481

52,342
61, 614
63, 433
71, 724

230, 678
237, 665
261, 669
288,918

.110
.118
.195
.185

132,699
132,073
128, 914
151, 124

67,881
64,831
64, 776
51, 830

188, 825
167,951
179,274
165, 198

1,471,544
1,491,173
1,487,464
1,536,337

1.088
1.156
1.075
.969

94,535
93,824
101, 127
96,967

68,695
50,495
64,140
61, 197

258,466
268, 301
264, 652
266, 179

.178
.199
.216
.225

1, 155, 936
1, 106, 712
1, 102, 786
1, 167, 211

160, 990
153, 294
160, 161
155, 884

50, 787
56,475
59, 282
62, 948

162,044
152, 366
160, 118
168,284

1, 555, 663
1,618,564
1, 605, 951
1, 658, 671

.831
.780
.781
.781

104,439
96,995
87,490
92, 761

64,420
59, 200
66, 777
67, 530

259, 638
263, 959
.259, 569
256, 906

.203
.185
.178
.165

1, 113, 911
1, 160, 683
1, 134, 147
1,199,093

153, 100
173, 899
148, 021
169, 608

58, 352
59,024
47,872
57,718

181, 983
194, 660
186, 170
192,231

1,639,869
1, 611, 586
1,641,090
1 1, 670, 509

.920
.933
1.019
1.170

90,228
97,223
94,948
104,391

64,525
62, 328
72, 561
59, 326

257, 755
261, 346
253, 613
269, 641

.179
.186
.194
.226

January
February
March
April

1, 171, 402
1,058,725
1, 203, 906
1, 237, 012

147, 332
136, 424
141, 562
156, 874

57, 782
41, 766
35,008
29, 344

185, 217
158,740
167, 818
157,820

* 773, 853
795, 872
801, 757
860, 706

1.331
1.325
1.114
1.031

103, 164
100,503
118, 494
107, 467

52, 710
67,543
67, 652
78,966

280, 389
286, 431
299, 689
290, 058

.224
.230
.215
.180

May
June .
July
August

1, 278, 538
1, 360, 386
1, 444, 984
1,404,459

167, 791
156, 240
157, 071
139, 282

28,369
33, 258
35,806
31,888

159, 828
157, 061
164, 215
169, 010

946, 782
1, 082, 056
1, 168, 487
1, 254, 228

.913
.935
.906
1.035

109, 573
104, 535
104, 396
112, 069

69, 450
86, 952
62, 556
80,687

292, 123
278, 610
287, 570
282, 513

.179
.199
.184
.161

September
October.
November
December..

1, 280, 955
1, 321, 652
1,229,771
1, 298, 045

155, 793
128,900
159, 097
149, 587

33,977
35,818
33, 211
34,061

182, 269
205, 153
189, 156
184, 977

1,256,435
1, 215, 829
1, 145, 181
1,036,619

1.050
1.056
1.215
1.250

107, 717
109, 534
110,467
113, 857

82, 676
75, 105
73,556
62,832

283, 925
286, 595
293, 912
305,203

.153
.159
.157
.174

1,231,400
1,136,823
1,244,967
1, 210, 724

157,343
135, 728
142,897
170, 536

43,081
30, 728
30, 017
27, 196

180, 622
156, 595
169, 662
163, 024

977, 178
900,670
851,234
830, 481

1.250
1.181
1.210
1.381

111, 255
101, 893
110, 182
112, 131

69, 168
53,484
90,565
85, 314

316,839
332, 176
320,883
309, 476

.184
.180
.162
.154

1, 273, 467

156, 622
169, 608

26, 581

875, 333

1.335
1.225

119, 948

86, 518

321, 544

.146
.145

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

20, 679
23, 110
49, 110
92,046
94, 767

38, 675
45,930
42,052

892, 186
1,006,183
1,121,664
1,274,153

110, 923
131, 752
151, 647
149, 663

January
February
March
April

1,082,892
1,025,422
1,114,412
1, 116, 764

May .
June
July
August

September..
October.
November
December..

1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average

1934

...

1935

1936
January
February
March
April

_

May
June
July
August

September
October..
November
December

_

1 Data from U. S. Department of Commerce, Bureau of Mines, representing practically complete data for the refineries prior to January, 1925, but since then gas and
fuel oil stocks cover only stocks east of California. The consumption data are calculated from production, exports, and changes in stocks. For lubricating oil stocks, data
include marketers' stocks beginning with June, 1923, while consumption since that time takes account of this change in stocks.
2 Compiled by U, S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering loading of vessels for foreign trade at principal clearing ports Monthly
^data covering the period 1913-1923 appeared in the October, 1923, issue (No. 26), p. 61.
a From U. S. Department of the Interior, U. S. Geological Survey, representing consumption by all plants producing electric power, but mainly central stations- consumption in central stations alone shown in April, 1925, issue (No. 44), p. 29, and by street railways, manufacturing plants, and reclamation projects in March, 1925, issue (No.
-43), 4p. 28.
Prices from U. S. Department of Labor, Bureau of Labor Statistics.
8
Compiled by the Interstate Commerce Commission from reports of 174 steam railroads of Class I, not including switching and terminal companies, and excluding fuel
aised6 in switching locomotives. Monthly data from 1921 appeared in January, 1926, issue (No. 53X, p. 23.
Six-months' average, July to December, inclusive.




51

Table 30.—HIDES AND SKINS

Total
hides
and
skins

YEAR AND MONTH

Calfskins

Cattle
bides

WHOLESALE
PRICES 3

STOCKS, END OF MONTH '

IMPORTS i

Goatskins

Sheepskins

Total
hides
and
skins

Cattle
hides

Calf
and
kip
skins

Sheep
and
lamb
skins

Dolls, per pound

Thousands of pounds
4

6, 815
6,372
5,576
4,076
5,221
2,465
632

* 19, 160
18, 629
25, 671
34, 053
33, 683
30, 890
18, 421

8,199
7,473
6,321
6,607
8,686
7,409
5,197

5,289
5,684
5,495
6,257
8,461
6,999
4,372

62, 070
42, 499
29, 003
45, 938
44, 315
29, 723
30, 173

5,380
2, 928
3,995
4,630
4,058
3,426
2,396

33, 940
22, 922
15, 015
27, 035
24, 315
15, 468
13, 889

11, 138
6,684
5,260
6,745
7,152
4,353
6,807

7,086
6,896
3,822
5,136
6,353
4,843
5,127

6 435, 477
430, 897
355, 025
357, 392
267, 533
270, 370

8 340, 339
339, 548
275, 293
288, 589
222, 046
220,282

8 63, 139
58, 414
52, 281
46, 485
29, 878
33, 218

31, 759
24, 997
28, 503
27, 764

3,399
2,838
4,353
3,887

15, 990
9,451
15, 759
15, 066

5,992
4, 372
3,715
3,224

4,993
6,068
3, 403
4,870

259, 206
253, 107
245, 155
244, 946

215, 981
207, 609
197, 071
197, 628

27, 301
26, 719
33, 355
39, 020

4,198
3,469
2,873
3,543

13, 586
13, 897
22, 145
22, 898

2,972
3,879
3,448
5,059

5,046
4,556
3,358
4,207

247, 093
256, 232
265, 605
283, 266

34, 302
30, 727
36, 135
41, 160

2,216
2,409
2,952
2,536

18, 636
15, 301
14, 216
20, 812

7,411
7,154
8,335
7,181

4,524
3,439
8,003
8,824

26, 002
36, 338
28, 780
28, 624

2,236
3,411
2,624
3,921

9,989
16, 967
12,712
9,165

6,171
7,408
6,358
7,040

27, 055
20, 338
27, 716
24,899

1,977
1,773
1,262
1,433

12,872
8,957
16, 020
11,023

January
February
March
_
April _-

30, 937
31, 747
34, 170
33,608

2,544
2,823
3,293
3,702

May
June
July
August

31, 497
35, 623

2,883
4,775

1909-1913, monthly average
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

42, 854
41, 490
46, 350
53, 856
60, 526
52, 589
30, 158

1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

Green,
salted,
Calfpackers' skins,
heavy country
native
No.l
steers
(Chi(Chicago)
cago)

$0. 184
.196
.242
.262
.327
.301

$0. 189
.210
.215
.338
.406
.371

s 32, 916
32, 935
27,452
22, 319
15, 601
16, 870

.393
.312
.139
.181
.166
.147
.160

.685
.368
.149
.160
.157
.184
.202

28, 140
29, 695
32, 453
29,958

15,085
15, 803
15, 631
17, 360

.119
.125
.131
.156

.165
.171
.ISO
.194

196, 965
212, 223
223, 361
241, 639

31, 922
28, 112
27,196
27, 840

18,206
15, 897
15, 048
13,787

.161
.163
.174
.174

.198
.194
.203
.209

292, 311
292, 364
282, 733
275, 028

251, 758
254, 751
242, 820
229, 370

27,531
25,690
25, 893
29,481

13,022
11, 923
14,020
16, 177

.169
.163
.148
.142

.215
.215
.204
.184

5,556
6,568
4,755
6,442

264, 158
256, 800
259, 078
254, 801

215, 471
202, 145
202, 014
197, 111

30, 625
35, 776
36, 749
37, 814

18,062
18, 879
20,315
19, 876

.143
.147
.166
.176

.183
.200
.218
.213

6,095
5,248
6,181
7,104

4,002
3,268
2,885
3,260

251, 459
259, 369
273, 686
282,653

192, 753
203, 246
220, 293
231,656

38,456
38, 343
36,441
35,816

20,250
17, 780
16,952
15, 181

.177
.174
.163
.156

.198
.200
.198
.192

12,969
16, 125
13,901
14, 591

7,465
6,493
9,144
8,022

5,839
3,758
4,554
5,148

296,046
297, 193
276, 324
280, 782

245,820
248, 673
230, 332
231, 719

34,046
32,547
31, 872
33, 121

16, 180
15, 973
14,120
15,942

.150
.130
.122
.114

.193
.183
.170
.165

13, 629
13, 057

8,742
8,597

3,867
6,383

281, 354

232, 645

33, 603

15,106

.129
.133

.168
.167

1924

May
June— _ _.
July
August

_ .

September
October
November,
December

._

__ _

1925
January
February
March ._
April

May June
July
August _

_

September
October
November
December

1926

September
October
November
December
* Data from U. S. Department of Commerce, Bursau of Foreign and Domestic Commerce.
2 Compiled by the U. S. Department of Commercet Bureau of the Census, from returns from packers, tanners, dealers, importers, and manufacturers, and represent
practically complete returns from the leather industry. As given in the detailed monthly reports, which can be obtained upon request from the Bureau of the Census, the
returns for hides and skins are expressed in numbers of hides and skins. For the above summary these have been reduced to pounds on the basis of the average weights
of each class. The detailed reports also show the various kinds of skins held and where located as between tanners, dealers, etc.
3 Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
* Four-year monthly average, 1910-1913.
8 Four months' average, September to December, inclusive.




52

Table 31.—LEATHER
SOLE AND BELTING LEATHER

Sole
only i
Backs,
bends, and
sides

1913
1914
1915
1916
1917
1918
1919

mo. av
mo. av
mo. av
mo. av
mo. av .
1,653,073
mo. av
1, 876, 285
mo. av

1920
1921
1922
1923
1924
1925

mo.
mo.
mo.
mo.
mo.
mo.

av
av
av
av
av
av

Total

In
Finprocess ished

Exports 3

Stocks, end of
month 2

Production 2

In
Finprocess ished

?be:

Exports 3

Total

Cattle,
Sheep
calf, Patent and
lamb
goat

Dols.
Thousands of pounds

1, 535, 290 6 23, 742 6114,810 6 161, 573
1, 499, 225 25, 657 111,217 193, 528
1, 477, 886 24, 557 100, 679 186, 434
1, 561, 015 27, 411 107, 144 171, 631
1, 220, 402 21, 665 88, 429 149, 508
1, 239, 887 22, 431 87, 081 126, 856

1,758
1,198
1,300
1,459
1,877
1,616

.86
.55
.52
.51
.45
.48

Dols.
per
sq. ft.

Thousands of square feet

2,605 $0.44
4,319 .47
6,751 .50
.64
7,540
.83
3,657
2 229
80
10, 222 .91

8,845
6,834
8,967
10, 623
6,175
3 908
17, 023

6 42, 344 6 142, 136 6 400, 906
57, 986 164, 216 423, 021
72, 963 166, 770 428, 169
78, 019 158, 852 387, 376
64,118 133, 758 358, 168
63, 407 140, 367 305, 637

10, 416
9,228
11, 264
11, 392

Price, chrome
calf, "B" grade
(Boston) 4

YEAR AND
MONTH

Price, sole, oak,
scoured backs
(Boston) *

Stocks, end2 of
month

Production 2

HARNESS
LEATHER 1

UPPER LEATHER

Unfilled
ProStuffed orders,
end of duction
month

!
Sides

Dozens

I

$0.27
28
.29
45
58
.60 6203,596
95, 244
.97

7,304 8 1, 752
3,559
1,643
6,744
3,048
6,187 2,514
6,982
3,616
3,082
7,769

SKIVERS i

5

16, 039
15,032

624
527
666
541

.99
.52
.44
.44
.45
.47

96,974
56, 266 7 24, 942
104, 976 120, 898
135, 621 158, 479
104, 121 141, 550
103, 650 152, 017

13, 274
16, 653
24,642
38, 462
33, 693
32, 691

!

1924
1, 225, 485
1, 350, 895
1, 198, 423
1, 361, 809

21, 094
23, 389
20, 783
23, 476

88, 130
88, 504
89, 329
86, 888

138, 417
134, 272
126, 204
124, 445

1,817
1, 923
1, 864
2,182

.45
.45
.47
.48

60, 381
68, 377
57, 633
67, 895

129, 975
127, 332
129, 682
132, 351

334, 819
324, 922
316,411
311, 074

10, 769
11, 753
11, 885
10, 960

6, 679
7, 504
6,959
6,535

3,538
3,656
4,414
3,682

552
593
512
743

.46
.46
.46
.48

95, 348
101, 167
96, 432
97, 990

179, 968
168, 642
157, 592
125, 435

33, 377
40, 539
38, 170
40, 706

Jan
Feb
Mar
Apr

1, 288, 203
1, 202, 896
1, 312, 677
1, 320, 389

22, 160
20,006
23, 459
23, 775

87, 907
84, 898
90,047
91, 893

123, 035
124, 265
123, 201
124,440

2,052
1,752
1,870
1,042

.50
.52
.52
.50

70, 249
67, 728
68, 871
60, 913

138, 300
139, 046
137, 378
133, 845

309, 319
308, 401
319, 634
319, 497

13, 444
10, 562
11, 977
10, 880

8,669
6, 763
8,392
6, 731

4,156
3,039
2,981
3,599

619
760
604
550

.50
.50
.50
.48

102, 459
97, 767
108, Oil
101, 265

121, 342
111, 073
80, 406
86, 918

43, 977
41, 244
38, 933
29, 464

May
June
July
Aug

- 1, 285, 590
1, 331, 142
1, 292, 580
- 1, 279, 365

23, 367
24, 283
23, 707
23, 617

92, 650
93, 098
91, 125
88, 487

128, 110
131, 286
134, 726
133, 679

1,615
1,374
1,206
1,716

.49
.48
.46
.46

55, 982
56, 190
57, 718
61, 999

133, 129
130, 948
135, 871
144, 392

317, 542
319, 124
304, 082
295, 988

10, 575
10, 368
10, 385
10, 272

6,606
7,130
7, 422
6,711

3,457
2,909
2,609
3,092

512
329
354
469

.46
.46
.46
.46

96, 159
89,604
99, 889
94, 925

123, 909
149, 891
229, 537
220, 366

27, 691
30, 537
30, 613
30, 662

1, 107, 321
1, 318, 342
- 1, 074, 133
1,066,006

20, 701
23, 957
19, 983
20, 155

88, 202
81, 303
78, 176
77, 184

131, 377
127, 926
122, 429
117, 802

1,637
1,859
1,137
2,134

.46
.46
.47
.46

62,645
68, 346
60, 289
69, 955

145,
147,
149,
148,

869
329
608
687

296, 174
291, 891
290, 815
295, 173

10, 999
10, 901
11,539
14, 796

7,991
7,986
7,855
10, 966

2,333
2,350
3,128
3,335

675
565
556
495

.46
.46
.46
.46

96, 548
124, 900
111,404
120, 863

215, 929
182, 652
164, 783
137, 400

33, 418
34, 205
28, 336
23, 207

Jan
Feb
Mar
Apr

1,057,351
998, 305
1, 113, 393
1, 105, 923

20,096
19, 568
21,644
21, 492

75, 779
78, 106
79, 022
79, 585

115, 615
110, 829
106, 182
103, 843

1,075
1,131
1,398
1,325

.46
.46
.46
.46

67, 425
65, 309
73,903
68, 675

155, 660
159,474
156, 956
155, 454

298, 189
299, 413
303, 863
306, 572

11, 705
11, 001
12, 791
13, 663

8,422
8,205
9,761
9,918

2,744
2,355
2,520
2,978

539
441
510
767

.46
.46
.46
.46

112, 352
105, 814
114, 678
109, 905

114, 530
96, 569
76, 992
76, 224

24,268
21, 750
25, 338
22,390

May
June
July
Aug

1, 058, 805

20, 229

78, 971

102, 557

1,102
1,486

.45
.43

62, 807

153, 500

306, 664

11, 627
11, 048

8,501
7,987

2,393
2,294

733
'767

.45
.45

99, 413

103, 212

21, 781
20, 329

Sept
Oct
Nov
Dec

1925

Sept
Oct
Nov
Dec

_ __

1926

Sept
Oct
Nov
Dec

|

1 Prior to July, 1922, these figures were compiled by the Tanners' Council. Since July, 1922, they have been compiled by the U. S. Department of Commerce. Bureau
of the Census, representing practically the entire industry, while skiver and harness production prior to that date covered a much smaller proportion of the industry.
Hence the figures from July, 1922, on are not directly comparable with those for preceding months. Beginning December, 1919, the harness leather statistics cover amount
of harness
leather "stuffed," rather than that produced, but the variation between these items is small.
2
Based on figures compiled by the U. S. Department of Commerce, Bureau of the Census. The data embrace returns from packers, tanners, dealers, importers, and
manufacturers. Data on leather have been converted to pounds or square feet on the basis of the average weights of each class from original detailed reports in skins,
sides, backs, butts, pounds, etc., which may be obtained from the Bureau of the Census on request. Stocks in process represent leather in process of tanning, which takes
several months to complete, while finished stocks are those completely tanned.
3 Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. The exports under sole and belting cover sole leather only, while under upper
leather, the addition of patent and sheep and lamb leather in 1920 and 1922, respectively, enables total upper exports to be presented from the latter date. The column
covering
cattle, calf, and goat upper leather continues figures previously presented in the SURVEY.
4
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices.
6
Includes
estimated production of firms outside the Tanners' Council.
6
Four months' average, September to December.
78 Seven months'average.
Eleven months'average, February to December, inclusive; previous data not available.




53

Table 32.—LEATHER PRODUCTS
BELTING »

GLOVES '

BOOTS AND SHOES

Wholesale prices «

YEAR AND MONTH

Men's WoProduc- Ex- Men's dress men's
black
tion 3 ports * black
welt
calf,
kid,
tan
blu cher calf
dress
welt
(Bos(St.
lace
ton)
Louis) oxford

Sales

Pounds

Thous.
of dolls.

Thous. of pairs

Glove leather 9

Gloves cut

Stocks (tanned)
Production

Dress and street
Total

ImDoported mestic
leather leather

In process Finished

Number of skins

Dollars per pair

Work
gloves

Dozen pairs
i

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

754, 274
846, 664
739, 628
767, 423
710, 214

$899
1,171
1,199
1,354
1,365

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

694, 899
300, 090
430, 614
449, 109
353, 832
364, 153

1924
September .
October
November
December
1925
January
February.March
April
May
June
July
August

-

-_ _-

•

1936
January
February
March
April

September
October
November
December.

$3.11
3.17
3.25
3.71
4.75
5.63
7.60

$3.17
3.28
3.35
4.01
5.68
5.65
7.77

1, 587
548
721
833
603
626

23, 793
26, 990
29, 260
26, 102
26, 963

1,403
746
450
612
526
550

8.95
7.00
6.51
6.43
6.25
6.39

8.14
5.18
4.74
4.85
4.88
5.13

488, 258
531, 840

1, 509, 719
1, 291, 178

528, 775
363, 802

8 197, 593
188, 854
200, 536

8 37, 623
32, 067
40, 828

348, 251
338, 425
302, 794
324, 263

581
576
515
548

27, 716
30, 826
25, 322
24, 602

480
552
494
569

6.25
6.25
6.25
6.25

4.85
4.88
5.00
5.00

439, 740
525, 459
475, 959
513,391

1, 400, 848
1, 365, 963
1, 370, 615
1, 304, 152

493, 927
404, 552
350, 246
288, 157

187, 826
197, 927
163, 045
159, 038

32, 811
36, 698
34, 920
24, 401

28, 463 126, 552
29, 523 131, 706
23, 684 104, 441
22, 626 112, Oil

409, 252
360, 984
429, 404
380, 443

686
610
729
663

26, 077
26, 455
29, 886
29, 476

512
462
703
696

6.35
6.35
6.40
6.40

5.00
5.07
5.15
5.15

$4.00
4.00
4.15
4.15

551, 681
578, 710
563, 845
557, 211

1, 401, 895
1, 392, 075
1, 319, 780
1, 347, 439

257, 567
311, 005
362, 162
399, 148

186, 243
197, 155
204, 240
210, 786

34, 782
35, 632
41, 175
43, 395

29,572
31, 966
35, 610
34, 007

345, 926
367, 583
345, 709
351, 707

602
643
588
595

25, 107
23, 449
24,758
28, 486

696
559
488
458

6.40
6.40
6.40
6.40

5.15
5.15
5.15
5.15

4.15
4.15
4.15
4.15

535, 431
494,052
442, 059
456, 059

1, 286, 092
1, 269, 346
1, 205, 971
1, 167, 838

421, 251
419,211
420, 949
382, 678

206, 354
210, 598
190, 443
203, 336

43, 619
44, 970
39, 186
45,037

30, 536 132, 199
34, 578 131, 050
31, 592 119, 665
30, 807 127, 492

361, 138
363, 709
310,542
343,443

622
626
543
599

29,769
31, 055
24, 630
24, 404

401
515
557
557

6.40
6.40
6.40
6.40

5.15
5.15
5.15
5.13

. 4.15
4.15
4.15
4.15

482, 137
560, 730
576, 743
583, 426

1, 127, 024
1,287,706
1, 353, 367
1, 335, 608

343, 559
328, 282
324, 050
395, 767

203, 946
219, 133
196, 957
177, 239

43, 521
47, 853
40, 739
30, 028

23, 077
28, 457
27, 503
26, 221

137, 348
142, 823
128, 715
120, 990

370, 678
376,460
397, 207
359,298

639
640
679
609

23, 874
25, 698
29,928
26, 637

470
416
400
657

6.40
6.40
6.40
6.40

5.00
5.00
5.00
5.00

4.15
4.15
4.15
4.15

663, 089
610, 014
650,640
591,328

1, 476, 157
1, 453, 338
1, 470, 313
1, 496, 396

448, 748
500, 161
537,404
549, 436

200, 308
205, 764
218, 961
222, 713

40, 380
45, 640
51,816
54, 595

26, 482
30, 370
35, 963
35, 544

133, 446
129, 754
131, 182
132, 574

337, 042
346, 739

567
595

23, 087

533
464

6.40
6.40

5.00
4.98

4.15
4.13

582, 199

1, 469, 279

569,467

206,850

50,003

34, 862

121, 985

21,043

September
October
November
December ._ ..

May
June
July
August

27, 602

842
827
1,412
1,623
1,237
1,100
1,780

._

8

30, 847 8 129, 123
29, 955 126, 832
30, 327 128, 973

121, 889
124, 666
127, 455
133, 384

_. :

1
Data on sales of oak leather belting from the Leather Belting Exchange from reports of from 32 to 39 members, estimated to represent about 60 per cent of the industry.
Monthly data from 1920 appeared in the May, 1922, issue (No. 9), p. 67. Details by qualities are presented in the association's reports, while earlier reports also present data
t>y geographical
districts.
2
Reported to U. S. Department of Commerce, Bureau of the Census, by 206 identical factories (including data in earlier months for 1 factory now out of business) representing 87 per cent of the leather-glove industry according to the census of manufactures, 1921.
3 Compiled by U. S. Department of Commerce, Bureau of the Census, from over 1,000 firms each month, comprising almost the entire industry. Figures for the years
1914,1919, and 1921 are those reported by the census of manufactures for those years. Monthly data from November, 1921, appeared in May, 1924, issue (No. 33), p. 97.
Further
details as to classes given in press releases.
4
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include men's and boys', women's and children's boots and shoes but exclude
slippers,
athletic shoes, sandals, and other leather footwear.
5
Data from U. S. Department of Labor, Bureau of Labor Statistics, representing average monthly prices. Monthly data from 1920 on the St. Louis quotations appeared
in the
6 September, 1922, issue (No. 13), p. 47.
Compiled by U. S. Department of Commerce, Bureau of the Census. Stocks of glove leather are those held by tannery.
*8 Type of shoe on which quotations are based changed in January to 7K-in<ich top instead of 8^-inch top as formerly.
Average for last 6 months of year.



54

Table 33.—CRUDE AND SCRAP RUBBER
.

RECLAIMED
RUBBER

CRUDE RUBBER
Consumption 2
(quarterly)
Im- 3
World
ship- ports
ments? (includplanta- ing
For
tion i latex) Total
tires

YEAR, AND MONTH

«pi

Stocks, end of quarter 2

Total

Manu- Dealfacers
turers

Stocks Stocks,
in
United plantaKing-4 tion, 1
.£esfe
dom, afloat,
end of •« (* P*
Afloat end of month
month

5fiS
*

24, 663
31,800
34, 398
35, 101
43, 006

15, 449
25, 090
25, 757
27, 450
33, 103

38, 549
33, 467
37, 125
32,684

21, 911
31, 513
20, 730
37, 966

31, 595
29, 237
33, 896
34, 992

27, 753
22, 380
19, 474
21, 772

38, 960
34, 290
36, 599
39, 823

26, 801
38, 997
33, 691
26, 407

January
February
March
April

33, 021
35, 539
43, 977
38, 326

32, 898
24,700
33, 072
32,506

May
June
July
August _ ,

42, 522
43,838
43, 041
42, 990

36, 932
32, 154
32, 455
33,413

December

44,496
46, 830
50, 327
51, 169

26, 367
34, 651
37, 755
40, 329

1926
January
February .
March
April .

49, 306
48, 057
55, 271
41, 150

42,404
32, 865
42, 152
34, 544

monthly average
monthly average
monthly average _
monthly average
monthly average

38, 572
63, 546
68, 739
75, 445
88,468

31, 280
51, 801
55, 238
62, 916
74, 247

83, 994 7,772
85, 935 9,705
85, 450 11,29\5
59, 458 12, 562
45, 960 21, 950

Production

Dolls,
per Ib.

Long tons

1921
1922
1923
1924
1925

(quarterly) 2

27, 217
29, 818
22, 294
27, 464
26, 861

29, 671
39, 523
33, 589
40, 026
48, 811

76, 529
78, 296
65, 345
52, 581
11, 275

31, 038 $0. 182
42, 284
.183
46, 973
.249
49, 654
.211
58, 726
.568

63, 812
62, 822
61, 554
60, 640

53, 300
48, 700
50, 130
47, 540

.199
.191
.171
.168

56, 811
56, 134
56, 816
54, 298

44, 300
41, 800
45, 650
48, 160

.173
.164
.170
.211

48, 058
40, 936
36, 666
32, 425

53,700
50, 600
54, 300
57, 670

.227
.262
.286
.315

29, 982
25,729
19, 977
14, 270

54, 030
48,300
49, 590
53,500

.318
.307
.346
.340

6,660
5,824
4,740
5,107

57, 270
58, 940
56,800
62,400

.420
.619
.825
.663

6,206
5,855
4,620
6,328

63, 220
63, 570
67, 100
69, 990

.590
.773
.853
.764

11, 111
10, 979
14, 452
20, 403

68, 500
69, 200
73, 600
64, 330

.605
.526
.448
.395

SCRAP
RUBBER
(quarterly) a

Stocks, Stocks
end of at requar- claimter
ers

Consumption
by reclaimers

Long tons
•

17, 078
26, 894
17, 384
19, 018 8,217
30, 906 . 8,662

37, 496
61, 963

23, 018
34, 422
22, 002
26, 415
39, 770

21, 834

7,885

36, 023

28,043

12, 297

8,524

35, 550

23, 773

16,678

7,620

37, 136

22, 498

25,263

8,838

41, 273

31, 344

25,353

9,238

40, 045

32, 630

27,523

8,820

46, 152

35, 414

31,909

7,762

74,809

40, 780

38, 840

8,827

86, 846

50,256

13, 377

85, 593

1924
January
February
March
April

May. __
June
July
August.

_

September
October

__

November _

December

74, 848

60, 920

68, 947

10, 440

30, 463

40, 903

68, 107

56,323

64, 408

9, 121

15, 159

24, 280

75, 432

64, 525

49, 645 14, 353

36, 407

50, 760

83, 391

69,894

54, 831 16, 332

27,827

44, 159

1925

.

September
October
Novfimbp.r

May
June
July
August

- _

29, 759
24, 901

87, 642

71, 343

54, 502

16, 272

29,982

46, 254

95, 771

82,007

47, 770 22, 525

26, 183

48, 708

91, 534

78, 552

33, 131 24,668

25, 812

50, 480

78,926

65,084

48, 436 24,335

25, 465

49,800

86, 757

73, 081

58, 191 18, 311

24, 893

43, 204

•
44, 092

~:™r|
52,437

.383
.344

September
October
November
December
1
World shipments and floating stocks of plantation rubber from the World's Rubber Position, a British publication. Details of shipments by countries are given in the
publication,
as well as amounts retained by the principal importing countries.
2
Data compiled by the Rubber Association of America, Inc., from reports of about 285 members and nonmembers representing the principal manufacturers, importers,
and reclaimers in this field. It should be noted that these consumption and production data represent quarterly, not monthly, totals, while stock figures are shown as of
the end
of the quarterly period indicated, and annual averages in these columns are of quarterly, not monthly, data.
3
Imports of rubber, including latex, into the United States from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
* Stocks of crude rubber in the United Kingdom, from the Rubber Growers Association (British), represent aggregate stocks at wharves and warehouses in London and
in six recognized public warehouses at Liverpool. Monthly data from 1920 appeared in the September, 1923, issue (No. 25), pp. 55 and 56.
• Wholesale prices are averages of weekly quotations of Para Island rubber in New York, compiled by the U. S. Department of Labor, Bureau of Labor Statistics




55

Table 34.—RUBBER PRODUCTS
RUBBERPROOFED
FABRICS 2

AUTOMOBILE TIRES 1

Pneumatic tires
YEAR AND
MONTH

Inner tubes

Raw material
consumed

Solid tires

ShipShipShipPro- St'ks,
Pro- Stocks,
Pro- Stocks,
end ments,
end ments,
end m'ts,
Crude
ducducdodo- Fabrics rubber
doducof
of
tion
mes- tion
mes- tion of mesmonth

month

tic

mo.

tic

Thousands of
pounds

1921 mo. av__
1922 rno. av_ _
1923 mo. av__
1924 mo. av_ _
1925 mo. av__

Shipments

Production

Total

tic

Thousands

RUBBER HEELS «

ClothAuto ing
fabrics fabrics

Production

To
shoe
manufacturers

To
repair
trade

Stocks.,
end of
month

Thousands of pairs

Thousands of yards

1,818
2, 558
2,829
3,227
3,803

4,213
4,867
5,621
5,395
5,904

1,906
2,435
2,749
3,047
3,603

2,259
3,178
3,757
4,419
5,163

4,568
6, 039
7,306
7,459
8,297

2,292
3,055
3,630
4,173
4,963

35
66
57
47
52

231
193
246
161
130

44
57
56
44
51

6,696
9,257
9,861
11, 868
14, 025

17, 922
27, 301
30, 604
37, 821
46, 033

1, 528
2,026
2,649
2,085
1,999

456
799
1,316
927
657

756
696
640
526
765

15, 243
15, 523
17, 248

9,889
10, 412
10, 765

4,172
4,751
5,727

33, 962
33, 110
40, 569

2,030
2,361
2,400
2,437

5, 398
4,876
4,689
4,329

2,624
2,820
2,456
2,604

3,255
3,855
3,452
3,289

6,457
6,898
6,694
6,318

3,684
3,596
3,422
3,497

37
37
27
32

249
235
178
149

46
48
43
56

6,656
8,431
7,939
8,387

21, 256
24, 114
23, 109
24, 772

2,418
3,043
2,410
2,664

1,076
1,264
999
1,534

593
907
771
551

12, 373
13, 980
15, 134
14, 353

9,513
10, 666
9,724
8,921

5,031
5,673
4,495
3,625

37, 472
33, 261
32, 767
35, 517

January. _
February
March
April

3,220
3,279
3,428
3,307

4, 808
5,265
5,763
6,164

2,785
2,801
2,902
2,920

3,888
4,068
4,219
4,035

6,720
7,339
8,158
8,627

3,476
3,330
3,421
3,521

48
55
61
59

152
161
174
185

37
43
50
46

11, 706
11, 447
12, 008
12, 287

37, 786
33, 466
36, 909
37, 238

2,756
2,652
2,814
2,087

1,476
1,485
1,529
995

522
455
468
370

14, 226
16, 036
17, 158
15, 838

11, 807
10, 668
12, 351
9,109

4,156
3,591
3, 653'
3,899

31, 048
35, 113
36, 471
37, 884

May
June
July
August

3,039
2,630
2,552
3,235

6,331
6,156
5,138
4,477

2,679
2,663
3,484
3,688

3,744
3,493
3,857
5,016

8,762
8,166
6,634
5,758

3,559
3,858
5,318
5,552

50
38
31
38

188
176
165
146

47
46
40
45

11, 903
10, 067
9,789
12, 471 '

35, 474
31, 229
32, 625
40, 385

1,428
1,400
1,325
1,668

597
562
509
656

303
337
339
543

13, 030
12, 243
10, 451
11, 476

8,364
7,018
9,262
10, 431

4,551
5,179
4,677
5,098

38,024.
36, 632
32, 144
28,245

September...
October
November. . .
December

3,531
3,877
3,190
3,438

4,524
5,338
5,207
5,571

3,319
3,046
3,273
3,008

5,506
5,896
4,602
4,704

6,039
7,352
7,668
8,289

5,119
4,177
4,679
4,066

42
48
42
46

142
145
149
154

46
45
41
39

13, 171
13, 205
12, 191
12, 172

43, 921
46, 045
39, 812
38, 956

2,297
2,830
2,151
1,615

884
1,181
752
497

784
998
699
490

16, 666
22,202
18, 121
18,831

11, 594
14, 060
9,813
10, 472

5,783
6,737
4,885
4,797

27, 722
28, 948
31, 486
33, 608

January
February
March
April

3,555
3,681
3,957
4,005

5,962
6,696
7,132
6,816

2, C94
2,835
3,392
4,014

4,757
4,755
5,250
5,139

8,677
9,767
10, 677
10, 213

4,107
3,625
4,176
4,933

43
43
46
52

160
153
143
135

32
43
52
53

12, 311
13, 364
15, 041
14, 902

42, 171
41, 721
46, 366
48, 155

1,548
1,815
1, 945
1,680

581
602
628
600

342
440
463
413

19, 170
17, 627
18,329
14, 971

11, 180
10, 089
9,524
9,033

3,182
2,870
4,681
5,555

37, 539
42, 303
44, 515
46, 733

May
June
July
August .

4,100
4,063
4, 191
4, 205

6,458
5,432
4,815
5,446

4,333
4,950
4,624
3,454

5,134
5,207
5,658
5,713

9,376
7,807
6,477
6,953

5,908
6,683
6,761
5,101

58
64
58
62

124
116
112
125

68
70
58
44

14, 985
15, 840
16, 014
15, 758

47, 639
53, 367
53, 197
52, 171

1,560
1,595
1,587
2,326

518
566
595
646

452
529
693
1,206

14, 518
14, 002
13, 472
15, 469

8,006
10, 229
10, 166
11, 046

5,264
6,045
8,509
7,209

47,076
46, 774
37, 740
34, 927

September
October
November...
December

3,755
3,379
3,172
3,570

5,761
5,003
5,216
6,106

3,293
4,088
2,667
2,597

5,440
4,959
4,699
5,249

7,463
6,545
7,119
8,485

4,851
5,764
3,982
3,665

56
45
42
51

136
127
119
114

39
55
47
55

14, 025
12, 446
11, 349
12, 261

46, 745
42, 211
38, 876
39, 771

2,587
3, 353
2,191
1,796

669
1,303
571
600

1,452
1,506
959
726

19, 471
21, 853
17,233
20, 855

12, 251
12, 338
10, 282
15, 030

5, 764
7,137
5,987
6,519

35, 512
38, 675
37, 611
37, 425

January
February
March
April

3,541
3,649
4,092
4,009

7,460
8,373
9,003
9,346

2,142
2,500
3, 335
3,642

5,107
5,119
5,272
4,916

10, 770
12, 818
14, 348
15, 505

2,728
2,750
3,672
3,727

52
53
50
41

135
163
180
177

26
23
*29
40

13, 198
13, 251
14, 198
13, 930

44, 528
43, 161
45, 497
43, 802

1,395
1,459
2,102
1,579

426
351
449
400

596
719
983
656

16, 574
16, 709
17,635
15, 097

10, 510
8,745
9,111
6,157

4,448
2,781
3,884
3,282

39, 133
44, 074
52, 179
56, 681

May

3,768
3,954

9,257
8,991

3,829
4,046

4,612
4,393

15, 855
14, 900

4,654
4,806

36
42

173
210

37
44

13, 279

40, 953

1,730

659

646
778

1933
September
October
November...
December

1924

1925

1936

June
July
August
September...
October
November
December

1
1

Compiled by the Rubber Association of America and represent about 75 per cent of the industry. The number of firms has increased from 36 in November, 1920, to
a maximum of 66 in 1922, the number standing, at present, at about 45. It is stated by the Rubber Association that this variation in the number of firms does not change
the totals to any great degree, except for the omission of the Firestone Tire Co. beginning in September, 1921. Association reports show details by sizes and classes.
2 Compiled by the Rubber Association of America, auto fabrics representing about 60 per cent and other classes of fabrics about 85 per cent of the total output of the
respective products.
a Compiled by the Rubber Association of America representing approximately 70 per cent of the entire industry.




56

U.S.!

Canada 2

Consumption

U. S.3

Shipments
At mills

U.S.1

Canada a

U. S.i

Canada

In
tranAt
pubsit to
lishers publishers
U.S.3

Imports

Exports

U.S.* U.S.* Canada 2

Dolls. Number of
100
editions
Ibs.

Short tons

1913 mo. av_.
1914 mo. av*
1915 mo. av
1916 mo. av
1917 mo. av_. 113, 251
1918 mo. av.. 105, 024
1919 mo. av.. 114, 543
1920 mo. av..
1921 mo. av._
1922mo.av_.
1923mo.av._
1924 mo. av__
1925 mo.av..

125, 997
102, 182
120, 641
123, 750
122, 548
127, 527

61, 527
67, 284

110, 248
142, 091

113, 858
106,049
114, 880

72, 931
67, 339
90, 028
105, 519
112, 750
126, 851

148, 760
147, 957
170, 738
151, 179
136, 829
148, 043

125, 215
102, 252
121, 035
123, 111
122, 505
127, 862

62, 386
67, 922
72, 563
66, 930
90, 499
104, 543
112, 063
127, 346

38, 998
124, 789
31, 713
24, 035 13, 352 154, 952 41, 155
23, 929 12, 597 155, 185 40, 983
23, 324
29, 940
22, 837
22, 207
29, 357
26, 867

10, 687
17, 045
10, 600
14, 948
19, 789
22, 454

Imported books

Production

YEAR AND
MONTH

Price roll, f. o. b. mill «

Stocks, end of month

American manufacture

BOOK
PUBLICATION^

NEWSPRINT PAPER

144, 712
188, 797
171, 121
175, 797
176, 855
152, 733

18, 320
26, 290
30, 701
39, 019
46, 593
49, 689
52, 311

52, 006 60, 822
28, 211 66, 040
36, 657 85, 772
40, 601 109, 056
33, 941 113, 065
32, 727 120, 687

3,608
5,066
4,597
6,395
7,822
8,062
9,189

SALES
BOOKS 7

Total
New Ship- acorders ments tivity

Thousands of
books

12, 233 $2.25
24, 382 2.25
20, 384 2.05
38, 601 2.70
45, 026 3.35
50, 425 3.41
55, 203 3.88

814
763
616
733
728
695
648

206
238
195
136
110
75
67

10,046

9,850

6.00
5.00
3.69
3.89
3.83
3.70

621
581
604
626
611
667

81
113
116
113
144
131

9,592
7, 665
10, 779
11, 344
10, 988
11, 991

11, 118
8,264
10, 083
11, 488
11,200
11,916

3,824 59, 469
1,401 62, 969
2,147 79, 960
1,363 94, 830
1,429 101, 615
1,895 116, 805

PRINTINGS

Table 35.—NEWSPRINT PAPER AND PRINTING

Rel.
to
1924

101
100
100
100
j

1935
January. ._ 129, 442 121, 605
114, 268 115, 809
February
127, 835 126, 452
March
133, 098 129, 079
April

139, 039
131, 242
153, 322
151, 462

127, 297
114, 485
126, 593
130, 318

122, 234
116, 780
124, 611
125, 740

26, 268 20, 989
25, 888 20, 114
26, 414 21, 892
29, 446 25, 163

164, 845
164, 399
156, 946
154, 912

31, 726
33, 667
33, 898
30, 032

112, 586
110, 942
127, 918
123, 673

1,573 104, 654
1,875 103, 857
1,007 144,411
1,928 93, 882

3.70
3.70
3.70
3.70

644
543
756
694

131
152
108
186

12, 030
11, 487
12, 476
11, 340

11,186
11, 375
12, 874
11, 565

101
97
111
109

May _ .
June.
July
August _

129, 463
128, 847
121, 550
121, 339

130, 198
124, 394
121, 849
120, 957

155,
141,
131,
135,

944
083
001
054

126, 924
126, 928
119, 586
120, 189

128, 571
127, 326
122, 490
121, 181

32, 037
31, 809
34, 079
35, 077

26, 848
23, 965
23, 258 .
22, 956

139, 471
151, 083
166, 368
167, 119

35,617
31, 522
29, 617
30, 233

123, 457
126, 907
117,479
102, 741

2,161
3,126
968
1,558

115, 766
114, 653
107, 767
116, 232

3.70
3.70
3.70
3.70

763
527
546
699

172
112
79
139

12, 228
12, 363
11, 767
12, 152

11, 284
13, 054
9,533
12, 042

101
96
91
90

September. -.
October
November...
December

121, 594
135, 662
130, 539
136, 681

124, 889
137, 670
132, 332
136, 983

145, 082
167, 515
163, 935
160, 799

128, 030
142, 641
133, 636
137, 718

124, 874
139, 051
132,127
140, 165

27, 281 '
20, 446
17, 418
16, 238

22,864
21, 423
21, 563
18, 414

159, 926
144, 333
131, 236
132, 156

31, 054
33, 261
34, 635
31, 458

110, 688
145, 088
124, 681
122, 085

1,869
1,784
2,947
1,943

116, 278
124, 529
122, 486
137, 140

3.70
3.70
3.70
3.70

695
977
668
489

117
157
126
95

12, 562
13, 496
11,691
10, 303

12, 973
12, 654
12, 172
12, 275

96
107
99
106

1926
January
February
March
April

140, 026
129, 622
145, 910
145, 327

139, 688
135, 663
154, 093
151, 739

158, 419
147, 477
170, 228
172, 670

139, 012
128, 635
142, 666
144, 600

136, 498
135, 505
153, 157
154, 015

16, 338
14, 791
18, 352
19, 478

14, 602
13,500
14, 800
12,415

125, 872
127, 661
132, 416
128, 685

34, 398
37, 771
34, 185
32, 505

126, 428
133, 219
158, 400
168, 463

2,489
1,416
1,475
2,392

125, 999
128, 965
173, 171
112, 828

3.50
3.50
3.50
3.50

628
559
705
649

113
131
144
189

11, 789
10, 555
13, 284
11, 471

11, 108
11, 502
13, 072
11, 908

96
94
110
104

141, 032
142, 166

153, 969
158, 601

176, 893

142, 294
141, 521

151, 990
161, 108

18, 207
18, 852

14, 331
11,795

128, 253

35, 770 134, 870
162, 972

1,941 135, 251
1,526 141, 889

3.50
3.50

847
491

146
88

12, 250
12, 946

11, 537
12, 432

96

May
June
July
August

September
October
November
December

# __

i Data on production, shipments, and mill stocks of newsprint in the United States prior to May, 1923, from the Federal Trade Commission; since then from the
Newsprint Service Bureau, covering almost the entire industry.
* Production, shipments, and mill stocks of newsprint, comprising practically the total production of Canada, furnished by the Newsprint Service Bureau; exports from
ed since then by the American
mon and had on hand on May
nthly data on newsprint paper
from4 1920 appeared in June, 1922, Issue (No.~10), pp. 45-47.
Imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Prior to Sept. 1, 1916, imports include only paper valued at
not 6above 2.5 cents per pound; from Sept. 1,1916, to Apr. 24,1920, not above 5 cents per pound; and from Apr. 24, 1920, to date not above 8 cents per pound.
Newsprint prices are averages of wholesale weekly prices of roll newsprint f. o. b. mill from U. S. Department of Labor, Bureau of Labor Statistics.
6 Compiled by the Publishers' Weekly. Books imported are books of foreign manufacture, catalogued and marketed by American publishers. Between 10 and 15 per
cent of the books manufactured in America are new editions, the remainder being new books, while about 95 per cent of the books manufactured in this country are by
American authors.
? Shipments and new orders of sales books by manufacturers from the Sales Book Manufacturers Association, reported by 11 manufacturers representing about 90 per
cent of the industry east of the Rocky Mountains, the sales books included are those commonly known as duplicate and triplicate books used by retail stores in recording
their sales; all sizes and styles are included. Interchangeable covers and accessories are not included. Monthly data on new orders from 1911 appeared in the July, 1926^
issue (No. 59), p. 24.
s Printing activity, from the United Typothetse of America, is based on productive hours reported by plants in 52 cities in 30 States, each department being weighted for
the combined index.




57

Table 36.—BOX BOARD AND PAPER BOXES
PAPER-BOARD SHIPPING BOXES 2

Operation

YEAR AND MONTH

Unfilled ConProduc- Orders orders, sumption,
tion
received end of waste
month paper

Inch hours Perct.
capac.

1921
1922
1923
1924
1925

mo. av
mo. av
mo. av.
mo. av
mo. av

8, 015, 890
7, 920, 925

Shipments

Stocks,
end of
month

On
hand

Operating
time

In
transit
and unshipped
purchases H

'1

Per cent of
normal

Short tons

46, 394
44, 546

149, 323
211, 654
231, 190
274, 516

77, 299
79, 382
75, 553
76, 397

76
88
86
66

256, 701
310, 795
286, 200
256, 022

195, 480
228, 085
208, 129
204, 232

61, 221
82, 710
78, 071
51, 790

88, 020
93, 616

150, 131
146, 796

165, 532
146, 501

40, 852
44, 690

151, 611
171, 550

33, 961
35, 872

178, 434
189, 931

155, 697
168, 592

Thousands of square feet

226, 622
291, 036
306, 743
350, 418

167, 137
152, 097

170, 728
179, 684

Solid
fiber

65
81
79
79
75

79 79
81 79
77 ' 74
68 68

96, 768
100, 799

Corrugated

Total

45
66
79
72
78

91.7
92.0

31, 667
28, 967
45, 031
48, 667
53, 265

Production

50
70
79
74
78

93, 528
147 745
169, 384
178, 733
189, 665

178, 912
190, 456

Solid fiber

Stocks of waste
paper, end of
month

Corrugated

BOX BOARD *

1923
September
October
November
December

7, 870, 161
7, 592, 164

83.0
80.1

162, 663
183, 477
161, 536
150, 339

1924
January
February
March
April

8, 542, 957
8, 290, 289
9, 194, 400
8, 574, 444

86.7
87.5
93.3
87.0

181, 953
179, 854
200, 411
182, 817

198, 156
167, 855
195, 635
158, 980

111, 825
103, 643
97, 181
73, 629

170, 291
169, 644
186, 463
169,573

179, 947
176, 037
202, 097
182, 532

46, 696
50, 513
48, 827
49, 112

132, 010
127, 259
144, 118
143, 601

55, 215
41, 453
39, 897
39, 549

72
78
83
76

68
75
80
74

85
87
90
82

295, 168
315, 376
344, 083
327, 911

211, 686
229, 575
247, 460
245, 975

83, 482
85, 801
96, 623
81, 936

May.
June
July
August

8, 253, 431
6, 693, 453
7, 174, 718
7, 973, 129

83.7
84.1
86.0
100.2

173, 483
151, 414
164, 762
183, 570

165, 868
167, 658
186, 259
202, 919

68, 676
85, 414
105, 009
122, 927

165, 479
148, 440
158, 734
181, 752

170, 821
150, 920
166,664
184, 941

51, 774
52, 268
50, 366
48, 935

142, 319
159, 767
165, 802
161, 793

38, 486
47, 696
51, 809
51,921

72
67
64
68

69
66
64
65

80
70
63
74

297, 764
255, 561
269, 108
287, 937

225, 103
193, 800
205, 723
219, 141

72, 661
61, 761
63, 385
68, 796

September
October. _
November
December

8, 036, 712
8, 422, 014
7, 546, 373
7, 488, 756

101.0
96.6
104.7
89.8

188, 669
196, 633
170, 550
170, 674

168, 299
180, 846
174, 184
180, 284

103, 056
87, 563
94, 711
107, 584

182, 521
189, 187
162, 771
163, 878

191, 203
198, 352
169, 018
168, 677

46, 401
44, 682
46, 214
48, 211

172, 240
175, 946
164, 065
179, 442

57, 085
42, 725
44, 946
45,949

52
77
78
75

69
77
77
74

79
78
80
76

302, 181
331, 390
332, 824
321, 617

231, 066
256,410
259, 390
248, 956

71, 115
74, 980
73, 434
72, 661

1925
January
February
March _ __ _
April

8, 388, 897
7, 550, 968
7, 569, 995
7, 654, 378

105.4
99.3
90.5
91.6

199, 633
177, 292
179, 067
185, 866

199, 649
162, 724
169, 924
169, 914

112,911
100, 403
90, 062
79, 127

193, 285
170, 023
170, 363
170, 487

195, 501
176, 101
180,418
179, 772

52, 466
53, 960
51, 835
57, 212

172, 382
172, 456
176, 035
186, 530

53, 820
43, 745
36, 147
32, 593

71
76
78
74

70
76
79
76

73
76
75
67

302, 291
333, 431
341, 769
330, 616

228, 084
263, 862
268, 335
256, 409

74, 207
69, 569
73,434
74, 207

May.June
July .
August.-

7, 111, 776
7, 983, 150
8, 272, 036
8, 069, 721

89.1
95.5
94.6
101.1

163, 956
190, 310
196, 522
196, 527

175, 246
193, 564
218, 013
211, 385

83, 415
92, 022
111,919
119, 248

159,095
179, 953
184, 295
188, 301

168, 353
184, 928
190, 667
204, 766

53, 327
59, 452
64, 600
55, 560

174, 726
166, 467
160, 099
149, 984

38, 815
39, 118
46, 311
44, 359

74
74
76
79

75
73
75
80

69
76
77
74

325,426
321, 836
340, 608
361, 424

250, 406
242, 992
257, 879
286, 261

74, 980
78, 844
82, 709
81,163

September
October
November
December

8, 152, 403
8, 438, 784
7, 923, 058
7, 936, 324

102.2
100.9
99.3
94.9

198, 749
204, 492
193, 140
190, 426

191, 840
207, 178
195, 142
191, 895

109, 191
101, 987
103, 304
105, 993

188, 720
190, 779
182, 176
175, 729

202, 599
213, 019
193, 847
189, 206

51, 699
46, 054
44, 541
48, 468

155, 476
168, 505
166, 289
174, 155

49, 587
48, 911
46, 928
37, 496

81
88
86
73

82
90
88
73

79
81
80
71

370, 315
422, 548
409, 411
345, 341

290, 698
341, 384
332, 112
275, 772

79, 617
81, 164
77, 299
69, 569

1926
January
February
March
April

7, 808, 482
7,664,277
8, 826, 757
8, 446, 867

102.7
100.8
160.9
101.0

192, 413
191, 804
220, 515
207, 653

2*)7, 657
178, 076
214, 733
200, 183

118, 531
104, 578
102, 362
89,622

182, 702
182, 278
208, 197
198, 163

192, 989
190, 878
216, 857
208, 818

47, 714
48, 472
52, 049
51, 449

168, 459
162, 382
151, 253
145, 875

44, 477
53, 985
42, 971
50, 803

76
81
85
81

75
81
87
82

78
81
79
77

359, 052
386, 051
410,011
379, 259

281, 753
304, 115
324, 983
299, 641

77,299
81, 936
85, 028
79, 618

8, 263, 478

108.7

203, 883

198,091

83, 293

188, 622

204, 479

51, 220

136, 647

44,802

79
77

79
77

78
78

382, 405
387, 650

298, 150
302, 622

84, 255
85, 028

May .
June
July
August

i

September
October
November
December
1 Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 89 identical manufacturers each month, including figures from the members of the
Paperboard Industries Association, formerly included in the Box Board Association, prorated from weekly reports. These box board data included any paper board of more
than0.039inch thickness, such as strawboard, chip board, news board, etc., used for making boxes. Similar paper board designed for making specialties, and boards of less
than0.009inch thickness are not classed as box board. Capacity data are determined by the number of working days in each month, Sundays and holidays excluded until
the end of May, 1924, with Saturdays also excluded since June 1, 1924, when the five-day week (with Saturday used for clean-up and repairs) was adopted by about 80 per
cent2 of the mills. The data almost completely coyer the box board industry.
Data from the Paperboard Industries Association, comprising the former National Container Association, which in turn had merged the statistical activities of the Container Club and the National Association of Corrugated and Fiber Sox Manufacturers, who formerly reported separately. Thirty identical companies report corrugated board
data and 11 report solid fiber data. Data for the former individual associations, extending back to 1919 for the Container Club, are given in the August, 1923, issue (No. 24)
but are not comparable with data shown here, as the former National Association of Corrugated and Fiber Box Manufacturers reported in their totals single face board (used
principally for wrapping purposes), which is excluded from the tabulation above. Monthly data for 1921 and 1922 on the present basis, including relative prices of finished

board and raw materials, appeared in the November, 3923, issue (No. 27), p. 89. The production of boxes is measured by the area of board passing through the box machines.



58

Table 37.—PAPER
BOOK PAPER i

4*
£s

Orders

I
1

Unfilled
orders,
end mo.

GCP

Unfilled
orders,
end mo.
Production

Production

ft
~£

Total i

Uncoated 1

Coated 1
YEAR AND
MONTH

Produc- Stocks,
end of
tion
month

WRAPPING '
PAPER 2

Production

Stocks,
end of
month

Per cent of normal Days Per cent of normal Days
production
production
1917 mo. av__.
1918 mo. av
1919 mo. av _
1920 mo. av
1921 mo. av .

FINE PAPER 2

Production

ALL OTHER 2
GRADES

TOTAL PAPER 2
(including newsprint and
boxboard)

Stocks, Produc- Stocks, Produc- Stocks,
end of
end of
end of
tion
tion
month
month
month

Short tons

74, 357
70, 763
76, 232
92, 039
60, 499

36, 845
,29, 622
31, 643
23, 719
36, 234

60, 626
59, 500
57, 851
69, 324
54,300

53, 551
37, 664
54, 702
26, 013
55, 465

24,030
30, 668
28, 647
32, 444
20, 207

32, 500
29, 308
36, 845
29, 268
37, 377

70, 658
77, 757
76, 085
98, 627
70, 426

41, 093
29, 308
37,500
36, 594
49,044

493, 304 238, 113
504, 294 189, 240
515, 861 238, 999
533, 278 181, 910
401, 134 239, 697

38, 221
46, 439
48, 851
58, 870

69, 689
85, 320
84, 639
90, 615

61, 228
67, 370
108, 635
99, 577

30, 088
31, 341
30, 810
37, 410

36, 630
43, 913
50, 278
50, 650

102, 758
90, 630
92, 752
99, 737

47, 488
53, 279
57, 811
62, 855

552,
593,
612,
651,

235, 371
278, 239
343, 599
352, 083

92
86

91
88

96
82

10
9

95
96

95
93

96
93

14
12

81, 827
93, 466
102, 569
107, 038

1924
January . __ 79
February
93
March
99
98
April .

85
96
98
100

82
94
103
85

13
12
15
12

87
93
94
95

90
98
95
96

120
96
99
94

14
15
17
17

100, 254
97, 246
104, 053
106, 134

53, 730
47, 282
44, 918
43, 570

90, 389
90, 719
89, 533
88, 663

106, 872
103, 070
102, 184
105, 763

31,375
31,994
33, 294
34, 236

50, 084
48, 305
49, 170
49, 846

85, 918
79, 426
92, 151
97, 614

54, 228
47, 143
52, 534
54, 571

620, 324
598, 040
638, 906
638, 221

340,
326,
328,
334,

241
627
375
630

98
97
82
86

94
88
85
89

88
74
81
88

12
9
9
10

99
95
87
96

96
94
90
93

89
83
88
94

16
13
12
13

108, 257
99, 596
94, 616
98, 401

48, 363
52, 232
50, 143
49, 642

80, 012
71, 665
69, 728
83, 289

108, 137
111, 586
110, 840
115, 293

32, 333
29, 064
27, 314
27, 516

49, 933
51, 669
50, 505
49,295

100, 905
83, 605
82, 223
90, 135

63, 629
66, 828
64, 546
59, 702

629, 817
556, 561
553, 502
599, 199

356,
368,
354,
351,

554
070
827
498

91
98
98
85

89
94
91
84

87
83
88
82

10
7
7
7

92
101
105
96

95
101
102
93

96
96
97
94

13
12
12
12

100, 369
111,410
104, 725
105, 772

47, 160
48, 103
49, 546
51, 528

89, 114
90, 130
84, 314
88, 109

111, 803
104, 867
109, 586
113, 614

28, 959
33, 125
29, 944
30, 568

50, 685
50, 174
51, 523
52, 143

94, 157
109, 906
95, 723
101, 263

57, 194
57, 602
57, 977
57, 782

618,
671,
603,
617,

021
056
531
439

341, 682
333, 657
339, 908
347, 116

95
101
100
100

94
96
101
99

91
100
102
91

10
11
13
11

102
106
107
102

98
106
103
99

108
108
98
92

15
15
15
12

108, 945
103, 498
113, 848
111, 571

56, 168
52, 234
51, 189
52, 213

91, 511
87, 863
94, 430
90,596

108, 374
106, 525
108, 086
109, 060

37, 636
35, 986
39, 440
38, 656

52, 258
51, 448
52, 869
49, 290

106, 822
97, 478
103, 537
103, 063

57, 489
55, 760
58, 102
61, 820

673, 989
616, 385
658, 157
662, 850

353, 021
345, 815
348, 495
359, 041

May
June _
July
August

95
88
76
70

93
86
77
73

79
74
73
75

8
8
8
7

95
90
87
91

89
87
80
88

83
83
81
90

11
11
10
11

107, 108
103, 895
101, 817
105, 890

55, 346
58, 667
61, 600
64, 064

86, 168
88, 630
87, 586
93, 002

108, 218
111,349
105, 514
99,284

36, 658
36, 715
35, 143
36, 399

49, 131
51, 803
50, 001
51, 145

101, 348
93, 318
94,629
99, 672

66, 060
67, 632
67, 594
65, 612

624, 701
641, 715
637, 247
652, 829

364, 119
380, 712
383, 388
370, 742

September- ._
October
November
December

72
77
80
78

77
80
82
78

67
77
75
79

7
7
6
8

90
94
94
91

87
93
93
90

88
94
89
95

12
11
11
12

103, 772
111, 036
105, 484
107, 594

64, 064
64, 705
63, 411
62, 777

89, 076
99, 916
88, 356
90, 247

93, 481
86, 495
81, 037
77, 504

35, 750
41, 235
37, 045
38, 256

49, 558
49, 923
50,259
50, 113

102, 195
107, 891
96,041
90,846

63, 989
61, 551
61, 126
67, 525

651, 136
700, 232
650, 605
654, 050

350, 072
329, 174
317, 792
322,627

1926
Januarv
February
March
April

87
92
94
92

87
92
97
97

88
102
91
82

9
10
10
8

100
101
97
100

104
101
100
98

98
102
98
90

13
14
14
12

110, 822
108, 606
122, 725
116, 589

60,894
59, 067
56, 704
56, 137

91, 811
83, 019
96, 289
89, 461

73, 751
68, 819
70,979
69,093

39,435
39, 115
42,408
40,855

48, 663
49, 389
50, 038
49,594

106, 334
99, 103
108, 462
101, 035

69, 080
70, 917
73, 666
75, 703

680,841
651, 269
736, 309
700, 920

316, 440
311, 455
321, 788
317, 454

89
88

87
83

79
83

6
6

99
92

92
88

90
86

12
12

109, 594
111, 786

62, 312
67, 920

82,905
85, 196

70, 147
70, 191

39, 271
37, 154

51, 040
53, 761

104, 575
97, 422

80, 834
81, 200

681, 260

333, 764

1922
1923
1924
1925

mo. av
mo. av
mo. av...
mo. av...

May
June
July
August

_ _.

September
October
November. ..
December
1935
January
February
March
April

May
June
July
August

September .
October . _
November
December

::::::::~ i:""""~
"" ""

748
891
051
991

1
Compiled from weekly reports of the American Paper and Pulp Association from about 28 mills on coated paper and 10 mills on uncoated paper, representing a smaller
properties
of the industry than the monthly reports on total book paper. Unfilled orders show average number of days which orders on hand will need to complete.
2
Data to May, 1923, from the Federal Trade Commission, representing practically complete production, beginning June, 1923, data compiled from reports of the American
Paper and Pulp Association and prorated to represent complete production on the following percentages calculated on the production in the last seven months of 1923, as
compared with the total for that period derived from the Federal Trade Commission reports and the census of manufactures: Wrapping paper, 57 per cent; fine paper, 80
per cent; "all other grades," comprising bag, tissue, hanging, felts and building ad other paper, 65 per cent. Book paper total production and stock figures are obtained
by link relatives, based on identical reports, from the previous month owing to changes in the number of reporting firms. Total paper figures are the aggregate of the four
previous production or stock columns plus, up to May, 1923, the figures on newsprint and paper board as C9mplied by the Federal Trade Commission, and, after May, 1923,
the figures on newsprint as compiled by the Newsprint Service Bureau, and the figures on box board as compiled by the U. S. Department of Commerce, Bureau of the Census,
except that from June through October, 1923, when these latter figures were bot compiled, the paper board figures of the American Paper and Pulp Association Jiave been used, N
prorated up to complete production by the percentages which they bore to the box board figures in 1924, or 60 per cent on production and 73 per cent in stocks. Stock
figures represent paper at mills only.




59

Table 38.—WOOD PULP AND PAPER PRODUCTS
WOOD PULP
LA-

Mechanical

BELS i

Chemical

ABRASIVE
PAPER AND
CLOTH 2

HOPE
PAPER
SACKS
(3)

Price,
ConConsulsumpsump- Stocks,
Stocks,
6 ProducProduc- tion
phite,
4
and end of 4 Imports
tion and end of 4 Imports unNew Domes- Foreign Shiption 4
tion
ship- month
shipmonth
ments
bleach- orders tic sales sales
ments 4
ments 4
ed e
Per
Eel. to
Dolls,
of
Beams
1921Short tons
per 100 cent
capac19227
Ibs.
ity

YEAS AND MONTH

1909-1913monthlyav.
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av

106, 824

1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly av

120, 589
108, 617
120, 817
131, 525

1921 monthly av
1922 monthly av
1923 monthly a v
1924 monthly av
1925 monthly av

105,668
123, 495
131, 073

25, 855

25, 521
31, 130
38, 091
32, 861
35,100

$2. 23
2.16
2.12
3.81

157, 797
158, 930
160, 375
185, 536

44, 799
33, 671
53, 725
33, 720

33, 230
32, 728
36, 147
56, 153

4.81
3.84
3.52
6.58

127, 786
165, 198
185, 253
199, 140
205, 785

127, 467
166, 438
200, 642
200, 793
206, 147

53,411
52, 518
62, 472
58, 492
41, 335

44, 457
86, 942
92, 843
106, 399
111,520

3.50
2.56
2.97
2.58
2.67

13, 291
13, 180
18, 042
21, 204

185, 424
190, 918
172,230
179, 046

191,034
194, 648
178, 186
180, 640

60, 540
59, 368
54, 546
52, 840

82, 746
87, 549
114, 531
120, 816

204, 725
194, 882
183, 846
179, 466

24, 527
30, 565
24, 835
29, 228

185, 800
227, 424
198, 506
198, 640

188, 082
229, 032
195, 190
195, 760

48, 888
48, 562
51, 778
54, 372

149, 678
126, 537
147, 026
155, 878

159, 435
177, 175
207, 934
256, 255

22, 463
27, 560
18, 896
21, 740

221, 756
191, 142
220, 184
217, 590

224, 836
198, 720
217, 300
217, 484

179, 591
149, 942
118, 571
99, 794

148, 240
145, 129
136, 391
129, 329

288, 978
294, 358
276, 347
246, 691

32, 620
30, 199
23, 369
29,859

194, 260
195, 992
193, 158
198, 142

195,
196,
189,
196,

101, 465
139, 417
141, 786
152, 066

135, 368
151, 469148, 155
149, 631

212, 798
201, 212
194, 400
194, 062

24, 777
32, 812
35, 105
32, 480

152, 957
133, 397
153, 057
186, 918

150, 115
141, 695
160, 368
162, 083

196, 894
188, 472
181, 248
205, 935

189, 580
162, 938

161,478
152, 637

234, 037
240, 497

129, 325

112, 145

16, 463
13, 991
18, 105
14, 504
21, 877

117, 804
109, 817
120, 660
132, 308

145, 567
131, 170
154, 251
120, 079

23, 257
15, 456
16, 855
19, 375

159, 375
158, 008
161, 247
185, 780

145, 727
142, 464

106, 214
127, 802
131, 266
139, 796
143, 569

166, 889
136, 664
95, 900
195, 007
226, 637

16,000
17, 965
24, 957
20, 929
27, 657

1924
May-June
July
August

185, 403
152, 606
98, 009
116, 540

146, 172
144, 469
125, 329
128, 183

251, 180
249, 463
226, 798
218, 334

September
October
November
December

114, 737
145, 523
121, 700
123, 465

128, 226
155, 348
131, 822
127, 911

1935
January
February
March
April

126, 308
124, 909
177,137
198, 583

May
June
July
August

_

September. _
October
Novfvrnber
T)p,fip,mber .

125, 678

160, 572

68, 150
78, 363

9,171
11, 695

44.2
82.7
80.6
83.7
86.0

47, 957
72, 394
86, 916
79, 006
86, 891

4,379
8,836
10, 943
10, 165
12, 435

MOO
110
119
129
126

2.63
2.60
2.51
2.53

71.7
63.1
65.6
85.9

76, 890
60, 969
63, 553
70, 491

11, 018
12, 815
7,777
10, 916

129
122
145
165

132, 350
135, 238
109, 047
132, 344

2.51
2.51
2.57
2.63

57.2
84.1
64.6
62.6

79, 828
86, 587
73, 581
77, 429

8,228
8,591
11, 940
11, 606

156
153
119
112

47, 850
40, 198
37, 964
39, 186

142, 119
104, 262
120, 194
88, 973

2.63
2.63
2.60
2.60

87.9
107.3
124.9
87.1

100, 565
94, 935
92, 097
86, 484

9,582
10, 764
12, 029
11, 485

101
127
142
126

522
054
822
548

37, 980
38, 012
40, 220
42, 350

101, 285
111, 539
107, 752
106, 879

2.60
2.66
2.68
2.68

66.4
84.4
91.8
100.9

82, 780
85, 503
78, 130
85, 194

13, 922
14, 182
11, 407
8,947

124
143
136
151

196, 690
221, 270
210, 724
208, 510

193, 748
224, 082
210, 544
209, 102

45, 252
42, 470
42, 660
41, 872

111, 163
117, 388
110, 328
116. 358

2.68
2.68
2.68
2.90

50.7
84.6
67.8
78.6

86, 448
102, 058
76,877
71, 623

10, 997
14, 034
14, 836
17, 037

133
138
101
92

25, 388
22, 894
24, 416
15, 866

217,246
209,458
235, 684
225, 664

215,490
208, 948
236, 768
236, 364

40,542
41, 178
39, 790
39, 078

125, 796
99, 948
99, Oil
102, 344

2.95
2.95
2.95
2.95

83.8
99.8
102.8
98.2

84, 825
83, 795
96, 354
86, 140

11, 461
10, 956
18, 907
15, 669

89
101
115
104

19, 127
26, 067

220, 142
217, 026

220, 118
215, 104

39,274
40, 194

106, 250
136, 577

2.95
2.95

113.4
98.1

82, 181
93,003

14, 962
13, 591

95
123

1926

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

September
October
November
December

_.

__
-__

1
Compiled by the Label Manufacturers National Association, said to include about 75 per cent of the industry. Data on production, compiled from January, 1921,
through
November, 1922, may be found in May, 1923, issue (No. 21), p. 85
2
Data compiled by the Abrasive Paper and Cloth Manufacturers' Exchange, estimated to represent 90 per cent of the industry. The totals given include the sales of
garnet, emery, flint, and artificial (silicon, carbide, and aluminous oxide) paper, cloth, and combinations. Figures are stated in equivalent reams 9 by 11 inches in size.
The data submitted show that in 1919 the total sales were made up of the following approximate percentages: Garnet 39, emery 8, flint 32, and artificial 20 per cent. Details
are given
in the association's reports.
3
Rope paper sacks from Rope Paper Socfc Manufacturers' Association, comprising 14 manufacturers, said to represent approximately 95 per cent of the industry. Rope
paper
sacks
are bags or sacks made principally of old rope and used for flour, cement, lime, plaster, etc.
4
Data on production, consumption, and shipments by mills and stocks from the Federal Trade Commission to May, 1923, representing practically complete production
thereafter compiled from reports of the American Paper and Pulp Association prorated to represent complete production on the following percentages calculated on the
production in the last seven months of 1923 as compared with the total for that period derived from the Federal Trade Commission reports and the Census of Manufactures:
Mechanical
pulp, 65 per cent; chemical pulp, 50 per cent.
6
Imports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.

«7 Price of sulphite domestic wood pulp is monthly average from U. S. Department of Labor, Bureau of Labor Statistics.
Twelve months'average July, 1921, to June, 1922. Numerical data not furnished by the association.'


60

Table 39.—BUILDING COSTS AND HOUSING
BUILDING
MATERIAL
PRICES i
(1st of mo.)

YEAB AND MONTH

INDEXES OF CONSTRUCTION COSTS

Frame Brick
house house

Factory
building
costs 4

ConBrick, Reinstruc- Frame? Brick,
wood 2 steel 2 forced
tion 6
con- 2
frame frame crete
costs

Relative to 1913

Rel. to
1914

Relative to 1913

HOUSING
RENTAL
ADVERTISEMENTS

REAL
ESTATE
CONVEYANCES 3

Portland,
Oreg.6

41 cities

Number

RELATIVE NUMBERS
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average.
1919 monthly average
1920 monthly average.
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

.-

10O

100
100

Minneapolis,
Minn.?

FIRE LOSSES

United
States *
and
Canada

Great
Britain «

Thous.
dolls.

Thous.
of£

NUMERICAL DATA

100

iQlOO

10100

10 100

10100

89
93
147
181
189
198

1097
1099
10109
10134
10164
10212

10100
10103
10114
10140
10171
10219

"98
10101
10122
10155
10179
10209

1098
10102
"120
10147
10171
10210

251
202
175
214
215
207

10269
10196
10190
209
205
202

10284
10216
10196
219
218
210

10257
i°201
10185
212
210
202

10264
10207
10188
210
206
200

808
968
1,094
1,232

" 1,319
1,886
3,082
3,673
4,788
5,096

64, 672
63, 094
56, 877
92, 567

$22, 416

104, 973
91, 642
109, 895
139, 089
140, 961
153, 973

27, 571
27, 721
34,241
32, 433
31, 461
31, 125

£707
644
514
904
620
628

182
207
201
196

186
209
203
197

179 .
170
202
198
195

1925
January
February
March.. _ .
__ __ __ _.
April

196
195
198
198

197
197
201
200

197
197
197
195

210
210
210
210

202
204
204
202

210
211
211
209

203
204
205
204

200
201
200
199

1,025
1,008
1,183
1,132

3,106
2,624
3, 640
5,458

135,
123,
157,
169,

932
838
285
712

41, 210
32, 472
33, 347
37, 697

481
322
1,189
377

May
June
July
August .

198
197
195
195

197
198
195
194

194
194
194
194

207
205
205
205

203
201
199
199

210
209
208
209

203
203
201
200

199
199
199
200

1,353
1,216
1,109
1,298

5,450
4,306
3,759
9,058

166, 726
158, 953
162, 256
145, 571

29, 171
23, 651
29,622
23, 349

246
360
1,485
575

192
194
195
193

193
195
196
195

194
•194
194
194

202
205
206
206

200
201
204
204

210
210
212
213

199
199
199
199

200
201
201
201

1,510
1,429
1,336
1,187

8,497
7,079
5,136
3,042

149, 156
165, 375
149, 204
163, 670

25, 396
23,991
30, 320
43, 275

395
647
654
810

195
196
196
196

195
196
197
197

195
195
195
199

207
207
208
207

204
205
205
205

212
213
213
213

199
199
200
200

201
201
201
202

1,278
1,141
1,365
1,357

2,802
2,593
3,856
6,209

147, 039
133, 724
166, 418
166, 224

41, 119
30, 964
42, 855
52, 408

197
195

197
196

199
199
199

207
205

203
203

213
213

200
200

202
201

1,379
1,277

5,858
4,318

162, 565

32, 764
28, 676

__

September.
October
November
December

_ _

_

_

1926

January
February
March
April _
May
June
July
August

__ _
__
. . .

September
October
November
December
1 Building material price indexes representing the relative cost of building materials entering into the construction of a six-room frame house and a six-room brick house'
from the U. S. Department of Commerce, Bureau of Standards, Division of Building and Housing, and Bureau of the Census, are based on prices paid for material by contractors
in some 60 cities of the United States. The prices are weighted by the relative importance of each commodity in the construction of a six-room house.
2
Compiled by the American Appraisal Company and represent construction costs for each month as based upon material and labor costs prevailing in the United States,
weighted in accordance with cost precentages determined from buildings of each type actually constructed. Details by districts and description of method of compilation
may3be found in the American Appraisal News for January, 1925, p. 9. Quarterly data, 1920 to 1923, inclusive, appeared in October, 1925, issue of the SUBVEY (No. 50), p. 26..
Real estate transfers and conveyances compiled from official records of 41 large cities by the National Association of Real Estate Boards.
4
This index number, furnished through the courtesy of the Aberthaw Construction Co., is designed to show the relative changes in the cost of constructing a standard
concrete fact9ry building. The company believes that the year 1914 gives a normal base and that July, 1920, with an index number of 265, represented the peak of costs.
Beginning with June, 1923, the Morton C. Tuttle Co. has also prepared an index on a similar basis, with practically identical results. These index numbers are given as
of the
fi first day of the month.
The construction cost index, computed by the Engineering News Record, is based upon the costs of steel (structural shapes, Pittsburgh base), cement (f. o. b. Chicago,
exclusive of bags), lumber (southern pine, New York base), and the rates paid common labor in the steel industry through 1920, after which common labor rates are averages reported from about 20 cities by correspondents of the Engineering News Record. The prices are weighted on the basis of the total production of steel, cement, and
lumber, and the total supply of common labor. Monthly data from 1914 appeared in June, 1923, issue (No. 22), page 52. These index numbers are given as of the first day
of the month.
*' Compiled by the Portland Association of Building Owners and Managers, showing the number of advertisements, computed from number of inches, carried in leading:
newspapers
of Portland, Oreg., each month of houses and apartments to rent.
7
Compiled by the Federal Reserve Bank of Minneapolis, showing number of advertisements in a Minneapolis newspaper each month of houses and apartments to rent
both furnished and unfurnished. No effort has been made to eliminate duplications of houses advertised from day to day, and thus the total does not represent actual
number
of dwellings for rent, but it does indicate the trend.
8
Fire losses in the United States and Canada compiled by the New York Journal of Commerce include losses of $10,000 or over in the principal cities of the United States,
Canada, and Alaska, each month's figures including an item of 15 per cent to cover small and unreported losses. Individual losses are given in the original publication of
the 9figures. Monthly data from 1913 and seasonal index appeared in the December, 1923, issue (No. 28), p. 53.
Fire losses in Great Britain compiled by the London Times; prior to January, 1923, these figures did not include fires involving losses of less than £1,000, and thus;
are not comparable with later figures.
*° Four months' average, September to December.
http://fraser.stlouisfed.org/
" Average of quarterly figures.
Federal Reserve Bank of St. Louis

61

Table 40.—BUILDING CONSTRUCTION
CONTRACTS AWAEDED
UNITED STATES (36 STATES) 1
YEAR AND MONTH

Commercial

Thous.
sq. ft.

Thous.
dolls.

Industrial

Thous.
sq. ft.

Thous.
dolls.

Residential

Thous.
sq. ft.

Thous.
dolls.

Educational

Thous.
sq. ft.

Thous.
dolls.

CANADA
(2)
Public and
semipublic

Thous.
sq. ft.

Thous.
dolls.

Public
works
and
utilities
Thous.
dolls.

Grand total

Total

Thous.
sq. ft.

Thousands of dollars

-

$38, 882

6,262
9,500
10, 669
17, 786
15, 065

$10, 435
17, 813
24, 208
47, 085
50, 051

20, 927
20,006
13, 864
9,552
22, 218

$38, 121
44, 068
32, 346
27, 785
77, 465

2,399

$11, 722

2,864

$17, 450

$49, 977

53, 382

$245, 089

$32, 013
20, 163
6,993
8,276
7,070
8,320
15, 836

8,107
6,413
9,363
9,120
9,420
12, 589

30, 639
31, 803
47, 545
42, 743
49, 695
69, 639

12, 564
3,518
6,448
6,119
4,169
5,623

57, 459
16, 893
31, 674
36, 932
29, 606
38, 562

12, 642
18, 812
28, 538
32, 562
35, 192
45, 043

51, 669
80, 139
123, 014
144, 541
170, 841
222, 664

2,745
4,239
5,701
4,641
4,854
4,892

16, 903
23, 918
29, 754
26, 719
30, 620
34, 434

2,824
4,298
4,921
3.. 912
4,643
5,817

20, 765
26, 268
31, 653
25, 386
32, 728
46, 077

56, 374
45, 719
55, 960
55, 456
60, 326
73, 811

38, 275
36, 859
54, 552
56, 352
58, 869
74, 955

240, 677
224, 070
318, 403
331, 776
373, 816
485,187

21, 300
20, Oil
27, 654
26, 188
23, 022
24, 831

1924
May
June
July
August

11, 232
9,308
8,993
8,361

56, 380
56, 556
49, 346
41, 151

4,625
3,294
3,017
3,967

28, 901
24, 968
19, 664
30, 380

39, 755
34, 101
25, 474
27, 998

185, 419
161, 443
128, 072
148, 232

6,908
5,262
6,150
4,401

40, 582
34, 807
39, 511
31, 771

5,812
4,734
6,059
4,968

39, 283
37, 963
38, 875
37, 613

68, 708
71, 784
71, 717
65, 296

68, 784
57, 754
50, 522
50, 767

419, 273
387, 521
347, 184
354, 443

32, 967
26, 185
23, 818
26, 664

September _
October __ _
November
December

8,751
9,664
10, 038
8,424

43, 316
55, 969
55, 255
38, 696

4,216
4,478
4,101
4,705

35, 222
29, 033
34, 373
30, 776

28, 236
32, 143
34, 779
33, 153

143, 706
166, 199
191, 319
166, 839

4,857
4,127
2,825
3,254

31, 728
27, 675
18, 311
25, 997

5,234
4,195
3,181
3,785

38, 310
29, 991
22, 947
30,259

52, 034
101, 224
57, 455
35, 620

51, 631
55, 087
55, 258
53, 625

344, 316
410, 091
379, 660
327, 986

22, 506
21, 067
24, 614
28,868

1925
January
February
March. _._ __
April

10, 919
7,467
11, 772
12, 261

67, 372
38, 825
54, 871
63, 969

4,335
3,308
4,836
6,496

19, 454
20, 767
53, 133
46, 568

26, 791
27,850
45, 534
51, 453

127, 232
136, 023
220, 872
256, 414

2,371
3,809
5,557
5,203

15, 339
20, 278
42, 193
33, 155

3,217
3,746
5,571
6,431

31, 614
30, 501
41, 917
51, 433

35, 462
52, 865
67, 931
95, 432

48, 536
46, 861
73, 555
82, 565

296, 473
299, 260
480, 916
546, 971

8,935
11,048
13, 393
24, 887

May
June
July
August

14, 183
13, 713
13, 153
17, 295

80, 280
92, 152
67, 166
105, 849

5,278
3,973
5,643
4,773

27, 562
25, 161
58, 148
22, 693

48, 101
42, 988
48, .081
52, 096

231, 182
208, 583
224, 713
263, 485

4,623
9,002
7,645
5,246

29, 313
64, 585
57, 572
33, 667

6,106
6,597
7,251
8,736

49, 928
57, 214
48, 658
67, 996

77, 759
92, 916
72, 743
96,000

78, 910
76, 756
82, 210
88, 594

496, 024
540, 610
529,000
589, 690

34, 052
33, 230
22, 179
31, 207

13, 262
12,228
11, 421
13, 389

80, 171
55, 912
61, 336
67, 770

8,643
7,231
7,758
5,204

43,298
63, 316
53, 309
29, 332

46, 790
52, 238
50,309
48, 280

250, 417
262, 726
240, 280
250, 044

4,744
3,937
3,157
3,407

35, 217
28, 192
22, 048
31, 646

8,270
5,418
4,070
4,390

59, 445
43, 376
30, 675
40, 164

79, 668
66,007
57, 035
91,912

86, 167
82, 577
77, 871
74, 852

548, 217
519, 528
464, 683
510, 868

29,746
29, 648
46, 973
12, 675

11, 191
7,907
15, 431
14, 981

67, 514
47, 319
104, 113
87, 895

7,245
5,256
7,033
5,277

94, 415
39, 087
47, 776
41, 524

37, 694
31, 853
49, 139
51, 756

183, 279
171, 297
252, 425
257, 965

2,170
2,928
3,936
4,907

12, 736
19, 214
28,576
37, 245

4,042
3,440
5,880
5,889

32, 669
32, 078
46, 627
50, 685

52,761
64,728
97, 283
76, 940

62, 498
51, 660
81,800
83, 454

443, 373
373, 723
576, 800
552, 253

12, 669
12, 478
19, 779
37, 292

12,045
12, 015

63,006
66,064

6,785
5,610

44, 560
53,725

48, 783
44, 154

236, 640
224,771

6,194
5,635

37,188
38,845

6,012
5,938

46,978
47, 798

92, 335
91, 809

80,704
73, 802

520, 707
523, Oil

57, 140

1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av_
monthly av_
monthly av
monthly av
monthly av_
monthly av.

10, 897

1920
1921
1922
1923
1924
1925

monthly av.
monthly av.
monthly av_
monthly av.
monthly av.
monthly av.

September
October
Novfvmbfir
December _

1936
January
February
March..
April
M^y
June
July . _
August

_ _

_

September,
October
November
December

ii
1 Compiled by the F. W. Dodge Corporation from reports covering contracts awarded in small towns and rural districts as well as large cities. The data shown on this
page include figures from 36 States, all except Washington, Idaho, Montana, Oregon, Utah, Wyoming, Nevada, California, Arizona, New Mexico, and parts of Kansas and
Nebraska, comprising about seven-eighths of the total building contracts in the United States. Prior to 1923, figures for Colorado, Texas, Oklahoma, Arkansas, Louisiana,
Mississippi, Alabama, Florida, and Georgia were not compiled, and the totals for those years for 27 States have been prorated to the figures shown above by applying to
the 1923 totals for 36 States the percentage changes from year to year for the 27 States. The original area figures for the years 1915 to 1918, inclusive, used in these calculations,
were estimates by the F. W. Dodge Corporation. Data giving monthly figures for 27 States (except that prior to May, 1921, North and South Carolina were not included,
which, however, made little change in the total) for 1920 and 1921 appeared in the May, 1922, issue (No. 9), pp. 71 and 73, and for subsequent months in the August, 1924,
issue (No. 36), p. 109. The reports of the F. W. Dodge Corporation show totals by districts and also separate the public and semipublic building group into various classes,
shown separately in the August, 1923, issue (No. 24), pp. 94 to 97, and also present military and naval and miscellaneous classifications, which are here included only in the
grand total.
2 Canadian building contracts furnished by McLean Building Reports (Ltd.); monthly data from 1920 appeared in July, 1922, issue (No. 11) p. 46.




62

Table 41.—YELLOW PINE AND DOUGLAS FIR LUMBER
NORTH
CAROLINA
PINE*

SOUTHERN PINE 1

ProYEAH AND MONTH duction

Shipments

Orders

Stocks,
end of
mo.

Exports 2

Price,
Lum- Timber flooring 3
ber

423, 529
868, 307
380 532

441, 903
399, 160
379, 701

446, 405
354, 287
376, 070

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

358, 031
375, 438
431, 633
450, 165
453, 376
473, 336

330, 229
394, 812
430, 673
458, 971
459, 483
471, 843

1935
January .
February _ __ _
March
April

489, 487
453, 618
498, 442
497, 087

May
June
July
August
September
October
November
December

1936
January
February
March
April
May ..
June
July
August

__

ShipShipProments duction5 ments 6

Dolls,
per
Mft.
b. m.

Thousands of feet, board measure

1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av

Production

DOUGLAS FIR
Exports e
Price, 7
No.l,
Orders s Lumcomber Timber mon
Dolls,
per
Mft.
b. m.

Thousands of feet, board measure

1, 371, 652
1, 116, 259
937, 748

82, 270
52, 325
38, 353
40, 263
27, 369
24, 993
36, 481

34, 627
24, 109
13, 674
13, 933
10,069
2,991
12, 849

$23.04
21.37
20.29
22.64
31.54
33.76
55.00

34, 230

306, 559
399, 677
451, 395
451, 944
463, 763
474, 291

.1,187,587
1,211,174
1, 177, 627
1, 086, 042
1, 099, 374
1, 162, 665

53, 096
36, 061
39, 522
54, 368
55, 827
57, 678

11, 245
7,228
12, 616
14, 237
14, 563
12, 866

74.53
35.98
45.46
47.70
41.89
46.49

446, 066
425, 106
474, 239
501, 153

467, 704
429, 608
435, 272
500, 862

1, 103, 887
1, 123, 581
1, 150, 976
1, 163, 231

50, 127
57, 304
61, 439
77, 831

8, 056
17, 291
19, 219
17, 723

483, 872
459, 378
471, 480
488, 035

481, 403
461, 944
473, 900
489, 390

477, 918
455, 554
498, 055
501, 976

1, 152, 617
1, 184, 431
1, 189, 859
1, 183, 800

70, 147
64, 601
65, 871
40, 029

481, 936
484, 840
423, 026
448, 825

491, 568
496, 022
469, 155
452, 165

501, 395
511, 706
494, 812
416, 635

1, 181, 906
1, 199, 328
1, 152, 743
1, 165, 620

446, 454
434, 400
479, 370
454, 005

437, 159
456, 570
469, 737
492, 779

463, 977
473, 852
475, 836
474, 287

460, 346
449, 745

479, 176
469, 108

489, 003
435, 126

$9.21
7.92
7.88
10.38
15.88
18.25
25.42

32, 107

349, 510
376, 882
373, 263

322, 157
364, 646
355, 358

56, 203
46, 848
23, 299
23, 240
23, 647
22,700
25, 095

33, 514
30, 164
52, 543
48, 257
49, 144
54, 188

29, 791
29, 052
52, 496
48, 539
49, 337
51, 558

380, 351
297, 738
435, 673
508, 789
488, 831
543, 966

334, 915
298, 506
409, 224
515, 951
497, 747
552, 067

416, 088
510, 318
509, 871
561, 805

37, 602
37, 936
51, 225
43, 165
51, 877
50, 659

14, 371
31, 479
40, 427
28, 897

29.92
11.83
15.25
19.42
17.25
17.25

46.95
47.32
46.88
45.67

41, 426
55, 622
56, 231
54, 012

44, 639
53, 844
56, 217
56, 812

507, 185
524, 643
525, 986
539, 415

521, 062
505, 842
519, 271
577, 018

468, 239
490, 174
559, 112
592, 685

52, 853
32, 850
60, 446
52, 572

22, 358
21, 590
40, 783
32, 932

19.50
18.50
18.50
17.50

18, 058
9,436
16,040
10, 381

45.06
44.14
44.66
45.31

55, 853
57, 799
39, 305
61, 033

52, 227
51, 702
43, 729
53, 018

536, 729
571, 198
483, 012
559, 559

573, 884
612, 829
561, 798
553, 740

553, 292
594, 028
582, 837
589, 104

41, 987
63, 976
41, 715
34, 298

16, 880
33, 408
20, 216
22, 298

17.50
16.50
' 16. 50
17.50

43, 993
48, 932
60, 232
51, 627

10, 723
9,343
8,102
10, 024

46.42
47.41
48.27
49.83

63, 504
62, 538
58, 240
44, 688

55, 979
51, 352
51, 100
48, 076

568, 960
600, 295
584, 180
526, 434

575, 227
600, 743
526, 881
568, 512

564, 484
549, 264
621, 782
588, 657

49, 225
61, 457
38, 683
77, 840

27, 078
34, 014
25, 678
49, 523

16.50
16.50
16.50
15.50

1, 182, 790
1, 156, 211
1,178,497
1, 120, 803

44, 359
44, 825
51, 362
56,908

7,758
10, 950
126
183

49.43
49.84
47.96
46.88

38, 584
51, 639
48, 895
54,222

46, 550
49, 700
45, 388
47,348

461, 077
601, 191
612, 382
521,062

522, 405
577, 465
629, 392
538, 072

567, 169
590, 895
660, 280
514, 795

55, 017
61, 340
78, 509
61, 632

30, 081
33, 571
37, 909
54,261

15.50
16.00
16.50
16.50

1,102,498
1, 086, CS6

46, 905
48, 992

156

45.76
44 63

58, 898

63, 350

545, 682
560, 455

583, 732
577,913

562,693
573, 884

70,816
65, 340

53,437
65, 518

16.50
16.50

September
October
November _
December
1
The figures for southern yellow pine, except exports and prices, are computed data furnished by the Southern Pine Association. The method of computing is first to
find the percentage relation between the actual production, shipments, and orders of the mills reporting and the normal production of these same mills. This per cent is
then applied to the normal production of 192 mills. The average production in the first four months of 1916, 484,065,392 feet, is taken as normal production. There a're no
separate normals for orders and shipments since these two items must be governed by production. Assuming that the mills reporting are a good sample of the industry
the resulting figures are equivalent to the actual production, shipments, and orders of the 192 identical mills, and hence a fair sample of the industry. The same procedure
is followed for stocks except that normal in this case is 1,262,450,326 feet, the average stocks during 16 months ending April, 1916. The figures are based on actual reports
from about 180 mills on production, shipments and stocks and from about 145 mills on orders. Monthly data for 1921 and 1922 appeared on page 59 of the October, 1923,
issue2 (No. 26). Monthly data 1917 to 1920 appeared in April, 1923,issue (No. 20), p. 49.
Exports of southern yellow pine lumber and timber from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 on lumber only are given in the December, 1923, issue (No. 28), page 56. Lumber exports comprise boards, blanks, and scantlings, rough and dressed, and exclude short-leaf pine
and 3all other not long-leaf or pitch pine. Timber exports include both treated and untreated, sawed, and exclude logs and round timber.
From U. S. Department of Labor, Bureau of Labor Statistics, and represent average weekly prices for yellow pine flooring, grading B and better, at Hattiesburg, Miss.
4
Data computed from reports on actual production and shipments as furnished by the North Carolina Pine Association, Inc., for mills varying in nunber from 31 to 56.
The computed figures given are obtained by first determining for a given month the per cent which the actual production is of the normal production of the identical mills
reporting. This per cent is then applied to an arbitrary figure of 70,000,000 board feet, which represents the approximate monthly average normal production of the mills
which reported in 1919. A similar per cent of actual shipments to normal production is applied to the same figure to obtain the computed shipment figures. The resulting
figures represent a computed production as of identical mills for each month. The figures are of the same order of magnitude as the actual reported production and shipments,
but avoid the rather wide variations due to different mills reporting in different months.
8
The figures of production, shipments, and orders of Douglas fir were obtained by applying the percentage figures of actual production, shipments, and orders to normal
production of reporting mills as supplied by the West Coast Lumbermen's Association to the actual production of 124 mills for May, 1920. The production in that month
was 447,647,540 board feet and has averaged about 75 per cent of the total production of Douglas fir lumber in the United States. Monthly production data for the period
1917-1921
appeared in the December, 1922, issue (No. 16), page 49.
6
Export figures are from U, S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1921 for both lumber and timber appeared in
the December, 1923, issue (No. 28), p. 56. Lumber exports comprise boards, planks, and scantlings, rough and dressed, while timber exports include treated and untreated,
sawed, excluding logs and round timber.
? Data from U. S. Department of Labor, Bureau of Labor Statistics, and represent averages of weekly prices for the State cf Washington.




63

Table 42.—MISCELLANEOUS SOFTWOODS
CALIFORNIA
WHITE PINE 2

WESTERN PINE*

Shipments

Stocks,
end of
month

Production

Shipments

Stocks,
end of
month

Production

ProShip- Orders
reducments ceived
tion

Thousands of feet, board measure
1917
1918
1919
1920
1921

monthly
monthly
monthly
monthly
monthly

av
av
av
av
av

109, 357
113, 424
113, 794
134, 467
74, 437

110, 423
97, 784
109, 032
110, 697
76, 840

1922
1923
1924
1925

monthly
monthly
monthly
monthly

av
av.—
av
av

120, 689 128, 606
145, 916 129, 140
137, 661 135, 251
150, 988 138, 820

Shipments

Thousands

881, 924
1, 063, 658

52, 561
48, 263
58,368
39, 110

31, 900
37, 284
36, 037
29, 114

265, 113
287, 645
267, 276
370, 303

40, 273
34, 204

50, 139
27,768

857, 812
914, 376
1, 033, 833
983, 967

66, 387
101, 876
96, 061
116, 576

45, 784
61, 972
76, 765
106, 570

382, 216
494, 177
568, 840
567, 021

44, 512
51, 460
42, 959
46, 599

48, 357
46, 346
44, 621
45, 204

483,
538,
608,
643,

814
991
260
786

59, 360
58, 662
52, 267
54, 068

CALIFORNIA
REDWOOD fi

[

Lath

Lumber

Production

YEAR AND MONTH

NORTHERN
HEMLOCK <

NORTHERN PINE s

Production

Shipments

Production

Ship- Orders
rements ceived

Thousands of feet, board measure

35, 327 33, 169
33, 643 37, 974
30, 056 37, 051
27, 290 19, 431
16, 986 18, 435

37, 460
36, 404
44, 243
39, 618

28, 547
32, 759
35, 337
28, 441

28, 745
39, 934
30, 576
29, 472

9,581
8,669

6,357
9,881

12, 574
13, 290
10, 825
12, 110

11,097
12, 292
11, 796
9,550

23, 483
26, 059
20, 416
21, 166

26, 083
25, 351
18, 920
18, 082

49, 035
53, 240
48, 136
43, 294

44, 010
49, 268
37, 583
38, 785

47, 805
46, 861
38, 129
38, 285

40, 405 32, 322 '
40, 036 33, 783
45, 758 41, 053
46, 403 52, 188

14, 092
14, 625
13, 328
14, 675

11, 494
16, 050
14, 849
16, 515

22, 794
27, 377
25, 177
22, 982

20, 951
23, 255
17, 505
17, 884

62, 021
46, 289
34, 303
56, 199

41, 764
29, 525
25, 099
43, 116

38, 986
28, 484
24, 622
46, 645

22, 155 18, 368
21, 293 20, 373
12, 159 17, 191
17, 964 15, 899

32, 907
44, 532
53, 507
50, 503

36, 610
32, 755
41, 104
37, 195

33, 631
35, 099
43, 684
44, 695

18, 664
14, 095
16, 674
10, 156

17, 455
13, 648
14, 049
15, 819

43, 385
41, 822
51, 409
39, 584

36, 246
40, 085
40, 904
34, 770

40, 618
35, 194
40, 990
36, 825

49, 033
41, 018
44, 406
41, 127

1934
180, 985
May
June _ _ _ _ _ _ _ _ 161, 669
July
_. 146, 110
159, 877
August

131,412
124, 385
125, 561
147, 774

1, 016, 922
1, 057, 528
1, 068, 266
1, 077, 246

131, 127
133, 740
136, 499
147, 177

60, 362
64, 042
79, 035
89, 377

September
October
November _ _
December

145, 737
147, 659
120, 413
92, 278

141, 636
144, 203
125, 977
148, 118

1, 081, 443
1, 128, 395
1, 116, 779
1, 053, 038

142, 294
126, 115
78, 753
39, 813

104, 829
102, 239
89, 684
85, 378

659, 335
673, 923
630, 653
630, 157

56, 369
41, 333
9,185
21, 007

51, 466 42, 313
52, 985 39, 696
38, 529 41, 976
38, 984 50, 693

13, 290
12, 381
2,314
5,831

12, 567
10, 108
5,957
4,736

1935
January
February
March
April

77, 994
96, 184
145, 951
_ 164, 584

133, 718
120, 398
129, 019
136, 212

658
676
684
535

34, 979
32, 614
64, 884
98, 551

84; 316
76, 820
88, 417
84, 377

550, 925
495, 533
467, 330
458, 791

33, 414
33, 905
41,512
59, 332

44, 457
39, 466
37, 389
41, 929

40, 527
35, 650
32, 486
39, 856

8,943
9,301
10, 781
13, 526

6,566
7,333
9,357
8,538

_
_

177, 055
180, 919
179, 468
179, 044

145, 562
149, 624
154, 981
160, 097

927, 799
964, 260
996, 619
1, 006, 021

133, 818
165, 516
166, 656
173, 701

107, 745
107, 911
115, 795
125, 582

493, 023
545? 982
584, 721
619, 829

61, 906
66, 200
64, 313
63, 407

44, 368
46, 265
49, 534
53, 065

38, 636
38, 622
48, 928
53, 152

16, 237
17, 978
18, 397
15, 356

12, 403
11, 989
14, 576
11, 144

12, 338 21, 323
18, 313 18, 417
24, 298 20, 154
33, 923 20, 890

41, 933
49, 544
37, 416
47, 182

39, 992 34, 176
41, 754 42, 978
32, 025 29, 414
47, 941 46, 571

September _ _
October
November
December. ._

173, 285
175, 843
146, 362
115, 165

151, 440
140, 480
114, 009
130, 294

1, 037, 717
1, 071, 835
1, 102, 368
1, 148, 436

167, 244
164, 357
118, 200
78, 393

129, 970
145, 665
111, 359
100, 883

641, 152
659, 855
644, 318
642, 798

45, 825
38, 491
15, 286
35, 591

50, 465
55, 485
43, 908
36, 119

42, 994
49, 856
36, 018
36, 798

12, 144
9,284
4,118
9,254

11, 194
9,881
6,735
4,884

29, 207 19, 265
28, 500 21, 622
21, 198 18, 070
26, 628 16, 276

39, 451
44, 089
36, 897
46, 810

38, 620
36, 641
38, 216
38, 225

32, 391
38, 328
37, 1'03
44, 837

82, 765
95, 217
151, 165
164, 256

120, 095
125, 251
152, 165
144, 836

1, 120, 036
1, 099, 644
1, 094, 268
1, 081, 820

47, 839
53, 978
96, 129
148, 662

111, 987
91, 759
115, 576
123, 666

573, 264
540, 585
485, 007
521, 153

35, 825
31, 546
36, 742
45, 493

40, 933
39,043
43, 260
46, 732

41, 399
36, 128
42, 000
41, 874

9,246
8,282
8,791
10, 076

8,690
8,148
13, 599
9,570

16, 301
16, 633
17, 727
16, 291

14, 152
15, 445
14, 629
20, 326

41, 846
40, 965
57, 078
42, 413

33, 489
33, 709
41, 616
41, 370

44, 832
39, 648
53, 913
39, 390

, 179, 111

144, 653
155, 616

1, 145, 787
1, 162, 727

161, 382
169, 420

117, 601
133, 923

521, 237
605, 169

43, 493
51, 571

47, 351 46, 170
51, 972 50, 690

9,950
15, 728

11, 444
18, 348

17, 712

21, 892

50, 023
40, 404

47, 687
40, 448

46, 352
42,530

May
June
July...
August

1928
January
February
March
April
May
June
July
August

_

188, 385

September
October
November _
December

899,
867,
881,
903,

"1

1 Compiled by the Western Pine Manufacturers' Association, the actual data being computed to comparative bases through percentages of normal production for the
mills reporting in each period. The normal monthly production covers 54 mills with output of 148,000,000 board feet in the earlier years, gradually reduced to 42 mills
with normal output of 136,800,000 feet in 1925, and is estimated to represent 70 per cent of the output of the western pine territory throughout most of the period owing
to the
decrease of the total number of mills in business. Monthly data covering the period 1917-1921 appeared in the April, 1923, issue (No. 20), p. 49.
2
Actual figures reported by about 20 mills each month to the California White and Sugar Pine Association; the number of mills varies from 13 to 26.
a From the Northern Pine Manufacturers' Association, and includes reports from some 24 mills, both member and nonmember, located chiefly in Minnesota. The
number of mills has gradually declined and from 15 to 17 reported in 1925. Monthly data on production and shipments from 1920 appeared in September, 1922, issue (No.
13), p.
48.
4
Compiled by the Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills, from actual reports of from
60 to 75 mills each month. Yearly averages covering the period 1913-1916 were shown in the August, 1924, issue (No. 36). The 1913 monthly averages on which the relative 5numbers were based are 37,664,000 and 36,442,000 board feet, respectively, for production and shipments.
The California Redwood Association has furnished to the Bureau of the Census the figures on the actual production, shipments, and orders received by 7 identical
mills for each month of 1918, 1919, and 1920. These 7 mills represent 40 per cent of the capacity of all listed mills for these years. For the first 4 months of 1921 reports
were furnished from 10 mills representing 56^ per cent of the capacity of all listed mills. For the remaining months of 1921 reports are available from 11 mills representing
71 per cent 9f the total listed capacity, and for 1922 to 1924 from 14 mills representing 73 per cent, and beginning with 1925 from 15 mills representing 79 per cent of the total
listed capacity. The actual average monthly production of the 7 reporting mills for 1918 was 14,984,000 feet. On the basis of 40 per cent capacity, the 1918 average monthly
production of all mills is computed as 37,460,000 feet. Regarding this as normal production, there has been computed the probable production of the total redwood capacity
based on the proportion which capacity of the reporting mills bears to the total of all mills. The columns on shipments and orders received represent a similar relationship between the actual reported figures and the total capacity of all mills.




64

Table 43.—HARDWOODS
ALL HAEDWOODS
Total stocks 1
YEAR AND
MONTH

Total
hardwoods

Gum

Oak

Unsold stocks 1
Total
hardwoods

Gum

Oak

WALNUT a

Unfilled orders 1
Total
hardwoods

Gum

Oak

Lumber
Production 2
(computed)

Logs

Ship- New
ments2 orders •

Made

(com- (com- Pro- Ship- Stocks Purputed) puted) duc- ments
on
tion
hand chases

into
lum- St'ks
on
ber
and hand

veneer
Thousands of feet, board measure

1922 mo. av.
1923mo.av. 492,159
1924 mo. av. 555,276
1925 mo. av. 763,235

145,024 * 173,012
174,425 « 191,628
234,025 245,086

392,818
434,137
616,003

111,097
134,413
182,308

143,854 * 134,608
150,528 « 139,712
197,030 170,177

47,020
48,029
57,645

M feet, log measure

39,530
45,952
54,063 572,000

87,000

94,000

1,807 1,927 10, 214 1,460
2,538 2,391 8,153 2,410
.3,529 3,144 11, 463 2,641
3,830 3,477 19,282 2,958

1,327
2,114
2,727
3,011

2,087
3,282
3,106
4,158

1934

February _ _
March
April

2,561
2,702
3,078
3,704

3,088
3,568
3,246
3,285

8,646
7,819
7,751
8,167

May
June
July
August

424, 175
477, 002

134, 261
151, 218

152, 555
163, 697

325, 652
355, 698

102, 204
114, 594

121, 337
117, 002

118, 285
137, 563

41, 044
44, 138

34, 144
51, 143

3,647
3,375
3,736
3,660

2,428
2,647
2,409
2,742

9,355
10, 168
12, 885
13, 813

3,339
2,443
2,256
2,061

2,880
2,573
2,521
2,544

3,801
3,694
2,910
2,419

September
October
November _
December

546, 242
563, 759'
653, 653
666, 825

169, 421
174, 274
202, 489
214, 889

188, 942
193, 997
222, 837
227, 743

428, 003
455, 080
516, 247
524, 142

128, 518
138, 168
157, 123
165, 871

151, 052
159, 771
173, 532
180, 474

132, 838
123, 485
158, 179
167, 924

46, 633 42, 753
41, 546 39, 738
54, 135 54, 927
60, 677 53, 004

3,648
3,990
3,990
4,256

3,255
3,889
3,352
3,818

13, 605
14, 556
15, 176
15, 614

2,543
3,345
3,243
2,902

2,746
2,997
3,731
3, 017

2,348
2,695
2,931
2, 686

1925
January
February. _
Miarch
April

665, 144 214, 750 225, 734
689, 384 219, 501 227, 670
733, 351 228, 110 247, 669
775, 221 289, 563 258, 294

529, 515
554, 280
598, 267
646, 255

169, 712
176, 546
185, 891
199, 413

180, 321
182, 678
200, 116
215, 122

159, 337 54, 927
153, 680 49, 569
150, 027 47, 836
148, 068 49, 740

50, 743
49, 851
51, 497
48, 102

4,650
4,056
4,336
4,017

4,182
3,825
3,654
3,341

16, 709 3,205
17, 085 3,472
17, 476 3,679
18, 232 3,862

3,073
3,208
3,441
3,465

3,356
4,002
4,281
4,678

M!ay
June
July
August

775, 695
796, 324
802, 349
781, 610

241, 714
241, 912
242, 377
231, 784

251, 129
253, 228
252, 198
242, 544

638, 391
658,998
653, 174
635, 618

194, 168 206, 650
197, 199 210, 831
196, 281 201, 981
184, 064 194, 514

157, 975
156, 356
169, 152
171, 277

56, 749 49, 957
53, 542 47, 226
52, 736 57,236
58, 245 56, 862

3,029 19, 332
3,119 19, 515
2,940 20, 736
3,237 20, 898

3,552
2,921
2,880
2,637

3,496
3,261
2,656
2,637

4,734
4,374
4,599
4,599

September.
October
November _
December..

761, 818 222, 577
783, 401 226, 808
788, 180 225, 087
806, 346 224, 112

228, 742
243, 417
249, 340
261, 070

608, 554
619, 997
613, 814
635, 176

171, 838
170, 786
168, 829
172,966

178, 850
193, 980
195, 297
204,024

176, 217 60, 712
188, 400 67, 143
207, 561 72, 354
204,077 68,188

3,287
3,066
3,813
3,870

20, 688 2,897
20, 858 1,842
20, 024 2,121
19, 831 2,430

2,879
2,378
2,361
3,281

4,770
3,930
4,OCO
2,569

1936
January
February __
March
April

765, 431
783, 215
769, 992
790, 558

212, 922
226, 818
221, 397
224, 164

244, 137
246, 619
247, 154
252, 375

592,772
607, 117
593, 423
626, 807

161, 851
174, 314
168, 507
175, 405

188, 963
186, 202
184, 817
192, 072

204, 771
216, 186
208,965
193, 150

68,190 60, 433
74, 488 66, 670
68, 952 68,884
61, 955 67, 863

77, 000 84,000 81,000
85, 000 92,000 100,000
82, 000 86,000 90,000
80, 000 85,000 81,000

3,143 3,624
3,156 3,627
2,874 4,011
3,077 3,143

19, 071 2,076 2,073 1,208
18, 010 2,559 2,393 1,485
17, 473 2,781 2,821 1,388
17, 368 2,597 2,472 1,513

807, 583
820, 714

229, 017
235, 525

258, 404
259, 965

636, 253
640, 937

175, 453
175, 186

198, 839
199, 732

202, 383
210, 850

69,200
73, 617

85,000 82,000 87,000
95,000 84,000 92,000

2,787 2,778
3,043 3,074

16, 974
16, 992

May.
June
July
August

56, 688
55, 712
61, 572
63,312

67, 212
68, 836

74, 000
72, 000

73, 000 83, 000
86,000 91, 000

4,132
3,589
3,873
3,491

78, 000
73, 000
65, 000
68, 000

83, 000
93, 000
96, 000
92, 000

3,363
3,243
2,979
4,229

96, 000
98,000
107, 000
90,000

2,308 2,122 3,634
2,383 2,235 3,782
2,108 2,852 3,060
2,756 2,502 3,312

3,380 2,630 2,151
3,417 2,803 2,961

September.
October
November.
December.
1
Compiled from reports of the Hardwood Manufacturers' Institute, covering hardwood mills throughout the country; further details as to sizes, species, and geographical
•distribution are given in the regular reports of the institute. The figures are all given as of the end of the month reported (original data being given as of the first of the
following month). Collection of these data was not undertaken from December, 1923, through June, 1924. From July through October, 1924, the number of production
units reporting on stocks and unfilled orders is considerably less than in the other months, ranging from 116 in July to 157 in October, but in most other months about
•200 units reported. A single band mill is considered one unit of production.
2 Data on production, shipments, and new orders are reported by from 100 to 135 units each week to the Hardwood Manufacturers' Institute, the monthly data being
computed by applying the percentages of normal production calculated by the association for every four or five weeks' period to an average normal output of these mills
«of about
100,000,000 feet per month. These figures thus represent only about two-thirds as many units as the data on stocks and unfilled orders.
3
Compiled by American Walnut Manufacturers' Association from reports of identical firms representing from 50 to 60 per cent of the walnut lumber industry.
< Seven months' average, May through November, inclusive.
• Six months' average, July to December, inclusive.




65

Table 44.—TOTAL LUMBER AND FLOORING
LUMBER—All species

YEAR AND
MONTH

Retail yards, 9th Composite
Unfilled
Unfilled
Fed. Res. Dist.«
prices 4
ProducShip- Stocks,
Orders orders,
3
ProOrders orders, Pro- Ship- Stocks,
end of booked
end of booked
tion* Exports
duction
end of
ments
end
of
duction
ments
Hard- Softmonth
month
mouth
Sales Stocks woods
month
woods
Thousands of feet, board measure

1909-13 mo.
av
1913mo.av_.
1914 mo. av_1915mo av
1916mo.av__
1917mo.av__
1918mo.av._

2, 197, 334
2, 102, 537
2, 086, 531
2, 262, 175
2, 141, 144
1, 874, 419

178, 398
216, 037
149, 146
93, 947
91, 208
84, 971
85, 314

1919mo.av_.
1920mo.av__
1921mo.av_.
1922mo.av._
1923mo.av__
1924mo.av._
1925 mo. av__

2, 069, 522
2, 059, 875
1, 762, 264
2, 270, 551
2, 495, 261
2, 418, 838
2, 618, 828

109, 268 7 $30, 995 7 215, 564
129, 280
16, 786
203, 175
100, 401
13, 838
153, 155
127, 743
15, 496
126, 744
146, 071
14, 651
127, 719
161, 500
111, 606
13, 403
161, 687
112, 302
17, 226

1934
September .October
November..
December...

2, 439, 220
2, 509, 998
2, 304, 835
2, 153, 206

159, 613
157, 877
176, 055
160, 298

20, 999
18, 643
17, 525
9,182

1935
January
February
March
April

2, 462, 094
2, 407, 740
2, 647, 420
2, 662, 413

150, 950
136, 124
176, 935
183, 701

May
June
July
August

2, 682, 113
2,745,777
2r563, 211
2, 800, 999

September -October
November..
December...

1936
January
February
March
April
May
June
July
August

OAK FLOORING «

MAPLE FLOORINGS

Dollars per
thousand feet,
board measure

Thousands of feet, board measure

4,572
6,675
7,464
9,205
11, 563
11, 120
4,858

4,572
6,009
6,877
8,894
11, 470
10,446
5, 537

12, 171
10, 544
15, 877
17, 158
22, 489
25, 652
25,680

4,719
6,104
7,419
9,525
11, 429
8,956
4,781

6,290
7,285
7,578
7,547
16, 124
20,074
7,270

$40. 33
46.72
43.11
41.72

$48. 98
27.42
30.79
33.86
30.95
30.71

10, 039
10, 383
8,378
11, 479
11, 734
8,603
8,826

11, 848
8, 259
8,121
11, 934
11, 805
7,865
8,428

15, 448
15, 963
30, 749
28, 040
21, 343
23, 880
26, 979

14, 163
5,106
8,991
12, 194
11, 085
8,085
8,360

38, 289
26, 723
10, 193
20, 311
26, 804
12, 347
10, 117

10, 101
10, 745
12, 411
22, 877
30, 103
34, 843
43, 167

11, 070
7,800
13, 595
23, 945
28, 878
35, 306
42, 825

14, 431
25, 859
32, 875
23,006
33, 609
43, 773
47,104

11, 782
6,343
14, 058
23, 723
28, 313
35, 900
38, 494

15, 035
11, 324
12, 003
33, 052
44, 258
46, 562
52, 031

115, 453
104,906
91, 541
96, 516

41.90
42.19
42.59
42.63

30.27
29.79
30.21
30.96

6,682
7,707
7,946
10,034

8,374
7,761
7,284
6,935

22, 440
23,073
22, 931
25,992

7,553
6,864
8,366
10, 652

9,237
8,124
8,859
12,735

36, 125
42, 253
37,064
36, 975

38, Oil
42, 497
35, 721
34, 642

42, 564
41, 105
41. 795
43, 823

33,833
34, 657
46, 103
39,887

45,368
36,005
47,883
53,295

7,864
8,084
11,331
17,560

111, 707
113, 283
116, 321
124, 888

43.49
44.23
43.78
42.92

31.44
31. 68
31.63
31.41

9,967
8,438
8,646
8,224

7,523
7,604
7,513
7,562

28, 214
28, 481
29,110
29,775

8,866
7,142
5,602
5,573

12,755
12, 559
11, 225
9,358

41, 768
38, 245
41,611
43, 473

34, 812
34,904
40, 564
44,432

50,925
52, 804
52, 623
51, 702

33,794
33,539
35, 956
43, 326

53, 772
52, 626
46,902
47, 349

160, 258
183, 170
158, 369
132, 089

20,904
24,656
23,621
22, 545

112, 407
110, 496
114, 887
119, 294

41.43
40.94
40.22
40.16

30.84
29.93
29.85
30.15

7,687
7,600
7,962
8,325

7,399
8,353
10, 167
10, 567

29, 165
28, 504
26, 399
24, 115

7,413
9,244
12, 172
11,534

8, 752
9,498
11,012
11, 136

41,329
41, 692
44, 026
46,282

42,104
43, 699
48,029
48, 948

51, 254
53, 494
45, 155
41, 082

43,372
46,003
49,904
54, 372

50, 862
50,092
53, 740
59, 844

2, 738, 842
2, 835, 311
2, 476, 262
2, 403, 748

138, 044
170, 376
148, 858
201, 369

20,999
20,978
17,851
9,261

115, 453
104, 722
98, 345
100,273

40.58
40.54
41.67
41.69

30.35
30.35
30.59
30.34

9,292
10, 720
9,084
9,984

10, 704
9,439
7,445
6,855

22, 750
23,728
25, 072
28, 440

9,766
7,916
6,340
8,749

9,980
8,219
7,829
9,076

45,922
49, 498
41, 947
42,206

45, 630
49,686
39, 276
41, 816

38, 372
39, 921
43,204
44, 715

39,968
40,094
41, 594
47,300

52,729
44, 793
50,565
61, 103

2,254,461
2,470,531
2, 737, 616
2, 591, 512

155, 726
156, 720
188,249
173, 675

8,597
7,524
10, 716
14, 554

110,436
114, 046
115,780
117,447

42.60
43.79
43.00
41.96

30.79
31.32
31.44
31.48

8,922
7,845
9,624
9,339

7,143
6,526
9,221
9,099

29, 314
30,447
31, 197
30, 733

8,264
7,083
9,224
8,281

10,401
10, 762
11, 761
9,919

45, 171
44, 540
47, 686
48, 642

41,498
37, 708
43, 543
43,«07

48, 244
54,362
57,291
62, 656

34,446
33, 411
42, 267
40, 223

54,161
49, 599
45, 231
42, 491

2, 680, 259

173, 466
178, 197

19, 021
22,450

114, 779
112,531

41.70
41.61
39.95

31.46
30.22
30.21

8,283
8,624

8,074
9,334

31, 689
30,290

7,443
9,949

8,920
9,317

41, 998
44,056

42, 139
42,035

60,282
59, 737

41, 415
45, 302

41, 513
41, 744

September..
October
November..
December...
i Figures in this column represent the total cut of 10 species of lumber—yellow pine, Douglas fir, hemlock, western pine, redwood, maple, birch, beech, white fir, and
sugar pine—representing over 70 per cent of the total cut of lumber in the United States. Annual figures for 1913 and 1914 are from actual reports to the U. S. Department
of Agriculture, Forest Service, and from 1915 through 1920 are computed on the basis of actual reports to the Forest Service. Monthly figures for 1920 are obtained by prorating the cut of each species as reported by the associations whose figures are carried on these columns to the Forest Service total. For subsequent months prorating is done
on an
approximate average for the years 1917 to 1920.
8
Exports consisting of boards, planks, and scantlings are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.

3
Data compiled by the Federal Reserve Bank of Minneapolis. Stocks represent the inventories of 19 companies retailing lumber through 588 yards in the Ninth Federal
Eeserve District; sales represent the total retail business reported by 21 companies operating 625 yards. Data for 1919 were estimated for a few companies on the basis of the
correlation
of reporting companies of 1919 and 1920. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 59.
4
Composite lumber prices compiled from weekly data published in the Lumber Manufacturer and Dealer, representing combined weighted averages for the respective
series of lumber, based on quotations on various grades for each species. The species are weighted according to annual production of the previous year, the weights changing about May of each year, when the new production figures are available. The softwood index is based upon 7 species: Yellow pine, Douglas fir, North Carolina pine,
white pine, hemlock, spruce, and cypress. The hardwood index is based upon 13 species: Maple, birch, beech, basswood, elm, oak, gum, ash, cottonwood, chestnut, poplar,
hickory,
and walnut. Figures formerly published covered only first week of the month.
fl
Data on maple flooring (including also birch and beech) are compiled by the Maple Flooring Manufacturers' Association, said to represent about 70 per cent of the industry. The data for the period 1919-1922 include reports from 20 identical mills; in 1923 an additional mill was included, while 3 mills ceased reporting at the beginning of 1924.
In July,
1925, one other member was added, making a total of 19 reporting. Monthly data from 1920 appeared in July, 1922, issue (No. 11), p. 43.
6
Compiled by the Oak Flooring Manufacturers' Association from reports of 25 identical mills, said to represent about 90 per cent of the total oak-flooring industry.Monthly data from 1912 appeared in May, 1924, issue (No. 33), p. 36.
? Seven months' average, June to December, inclusive.

433°—26
5


66

Table 45.—LUMBER PRODUCTS
i

ROTARYCUT
VENEEE s

PLYWOOD

YEAR AND MONTH

UnBook- Sfelp- 1 filled
ings* meats orders l

Pacific
Coast Re- Purbook-2 ceipts chases
ings

Thous. of sq. ft. of surface
1925 monthly average.

8

SOUTHERN CYPRESS <

Shipments

Unfilled
Shiporders,
Produc- ments
Sales
New Unfilled
end of
tion
orders,
(finished month
orders end
(finished
mo. (roughs) sets)
sets)
(finished

Stocks
on hand,
end of
month 7
(rough)

sets)

Number of
carloads

'

4, 888 8 5, 217 8 7, 188

Production

CIRCLED HEADINGS FOR WOODEN.
BARRELS «

Thousands of feet b. m.
8 25, 331 8 27, 888 8 31, 532

8

Sets

33, 916

9 294, 768

s 711, 687

8

440, 655 9 1, 235, 610

9 2, 402, 466
I

•

1925
September
October
November
December

4,571
5,512
4,933
4,534

4,974
4,832
5,214
5,848

1926
January
February
_ _ _
March
. _ _ __
April

3, 763
4,232
3,401
3, 301

3, 938
4,341
4,721
4,189

6, 130
5, 349
4, 278

2,609
3,605

3, 678
3,936

3, 824
3, 443

May__ _. _ - _
June
July
.
August. .
;

6,628

7,471
7,496
5,200

|

27,410
27, 574
27, 106
29, 462

29, 466
31, 022
35, 575
30, 064

25, 596
30, 979
37, 800
41, 469

233, 600
304, 274
346, 430

835, 810
680, 200
619, 050

617, 514
383, 603
420, 847

1, 388, 971
1, 298, 810
1, 019, 048

2, 730, 882
2, 151, 515
2,325,000.

6,947

251

27, 390
27, 162
25, 101
21, 669

5,972

222
146
214
126

21, 903
22, 083
26, 354
26, 649

32, 005
29, 510
31, 241
27, 190

27, 126
22, 904
28, 619
25, 379

32, 856
28, 325
23, 594
24, 094

205,
358,
451,
332,

738
733
868
551

591, 912
632, 542
586, 824
492, 072

371,
431,
308,
504,

689
569
803
087

1, 023, 457
970, 130
987, 222
1, 237, 374

1, 475, 275
1, 794, 937
1,853,125
1, 411, 589

138
344

26, 407
29, 264

26, 536
21, 052

21, 750
20, 151

24, 038
19, 094

395, 583
790, 622

581, 809
813, 932

675, 166
699, 165

1, 446, 864
1,853,831

2, 074, 040
2, 676, 208

7, 518
7, 657

182
208

.

1
Compiled by the Plywood Manufacturers' Association from reports of 20 members (only 18 members in April), of which 2 or 3 report on shipments only. These data
represent
the business of building up veneers into plywood of from 3 to 8 thicknesses. Details as to kinds of wood and nature of cores are shown in the association's report.
2
Compiled
by the Pacific Coast Manufacturers' Association from reports of 6 mills.
3
Compiled by prorating the weekly reports of the Wirebound Box Manufacturers' Association from 11 members, estimated to represent about 80 per cent of the industry,
concerning
their
purchases and receipts of rotary-cut veneer for the manufacture of wire-bound boxes. Details by sizes and sources are given in the association reports.
4
Computed from weekly reports of the Southern Cypress Manufacturers' Association, covering from 12 to 18 companies each week and prorated to a normal weekly
capacity
of
6,258,283
feet, the overlapping weeks in each month being also prorated to obtain a monthly figure.
6
Compiled from reports of the Tight Barrel Circled Heading Manufacturers' Association,
, the association's weekly reports being prorated to 100 per cent of the industry
and combined into monthly figures. The original data are reported by from 7 to 11 firms each week, estimated to cover from 63 to 91 per cent of the industry.
ind
Data on
.
eekly reports.
stocks
and
unfilled
orders
are
as
of
the
Saturday
nearest
the
end
of
the
month.
Details
by
kinds of sets are presented in the association's wee
6
From quantities shown in this column the finished sets are produced, sold, and shipped.
? Includes both sold and unsold stocks.
s8 Four months' average, September to December, inclusive.
Three months' average, October to December, inclusive.

Table 46.—NATIONAL ADVERTISING IN NEWSPAPERS

YEAR AND
MONTH

Automobile
advertising

Total

Toilet
Food,
RailAuto- Cigars,
Radio roads
articles WoMisMen's Musiciga- Finan- grocer- Hotels Housecal
and mens* cellahold
and
mobile rettes,
and furni- cloth- Instru- elecies,
and
Shoes medical
cial
accesing
beversteamwear
resorts
and
neous
prepature
ments trical
sories tobacco
ages
ships
rations
>
Thousands of lines

1925 mo. av.2_—

24,730

4,624

1,259

1,435

932

3,563

530

592

331

154

1,294

1,748

217

4,289

158

8,409

1925
September
October
November
December

24, 925
33, 415
30, 695
20, 733

5,246
5,616
5,023
3, 058

1,488
1,376
1,041
530

892
1,838
2,199
1,525

903
1,023
906
967

2,922
4,606
4,183
2,383

221
291
396
499

1,037
1,153
591
303

393
578
375
180

69
232
353
227

1,001
2,056
2, 498
2,490

1,475
1,467
1,532
1,649

244
294
256
307

3,844
6,303
6,584
3,371

236
422
232
68

4,697
5,038
4,525
3,176

1926
January
February
March
April

24, 543
27,339
32, 766
32,609

6,063
6,327
6,827
6,193

760
507
845
1,275

1,621
2, 084
2,003
2,850

1,153
823
1,154
925

2,610
2,557
4,409
4,920

413
262
279
383

150
251
681
1,261

30
81
369
492

86
223
244
124

1,310
1,316
1,242
872

1,401
1,221
1,239
2,119

56
56
240
287

5, 905
7,137
8,504
6,005

26
63
293
336

2,959
3,431
4,437
4,567

34, 219
31,664

6,654
5,438

2,489
2,510

2,715
2,786

708
918

5,016
4,859

658
965

1,010
555

617
596

134
96

915
1,024

2,948
3,174

285
157

5,084
4,294

204
83

- 4, 782
4, 209

May
June
July
August
1

i

Compiled by Printers' Ink Monthly, showing the amount of national advertising of various classes appearing in newspapers of 44 identical cities.National advertising
is believed
to represent from 15 to 20 per cent of the total advertising appearing in newspapers.
2
Seven months' average, June to December, inclusive.




67

Table 47.—FURNITURE, ROOFING, AND NORTHERN HARDWOODS

1919
1920
1921
1922
1923
1924
1925

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

Number
of pieces

$13, 281 $17, 225
11,317
13, 160
7,125
4,433
9,773
6,960
11, 709
13, 767
5,034
11, 658
12, 292
4,308

$12, 424
11, 357 8 12, 465
6,227
10, 149
9,231 13, 689
13, 719
16, 540
11, 743 13, 969
12, 318 15, 229

$40, 266 $128, 088
23, 949 28, 812
29, 833 45, 005
37, 882 56, 317
36, 9,'0 46, 287
45, 742
53, 305

Plant
operations

Dollars

Quantity

Cancellations

Value, average per
firm, dollars

Value

Shipments

New
orders Unfilled
orders
(value) (value)

Outstanding
accounts, end
of mo.

Shipments

Unfilled
Ship- orders,
end
ments of mo.

FURNITURE-GRAND RAPIDS
DISTRICT s

New orders

YEAR AND MONTH

PIANO BENCHES AND
STOOLS 2

Unfilled orders,
end of mo.

HOUSEHOLD
FURNITURE
AND CASE
GOODS i

No. Perct. Per ct.
days' new
full
sales orders time

Number days'
production

NORTHERN
HARDWOODS

(0

Production

M ft. b. m.

32, 732
34, 206

663
58
62

824 • 9 2 5
25
27
28
27

658
57

11.3
11.2

697.3
96.8
97.5

27, 838
26, 500
37, 397
33, 352
32, 701

915

Shipments

PREPARED
ROOFING fi

Shipments

Thous.7
of sqs.

DRY
ROOFING
FELT e

Production

St'ks,
end of
mo.

Net tons

33, 328
27, 509
19, 067
34 204
38, 852
28, 533
29, 202

2,079
2,360
2,182
2, 541
2, 542
2,714
2,731

8 9, 016
s 12, 055
16, 078
17, 406
20, 297

2,427
2, 296
3, 588

1924
May
June
July
.
August

28, 781
26, 820
29, 813
38, 413

34, 042
31,741
46, 881
48, 164

8,059
8,144
7,432
9,389

3, 315
2,795
3,193
4,559

8, 923
8, 578
7,014
7,995

10, 438
10, 497
8, 194
9, 698

38
45
66
65

14
28
37
22

17
16
23
23

56
65
63
63

25
4.5
6
6

95
92
85
95

37, 642
35, 185
27, 392
23, 952

24, 730
25, 328
22, 475
26, 625

2,496
2,331
2,596
2, 747

17, 108
17, 593
17, 597
18, 171

3,247
2,878
2,813
2, 740

September .October
November
December

44,113
43, 208
38, 121
37, 024

54, 805
54, 583
57, 133
45, 592

15, 687
17, 251
14, 683
13, 663

6,389
6,828
6,161
3,335

13, 839
16, 779
15, 225
16, 145

16, 818
19, 751
18, 356
19, 167

68
69
72
54

33
35
30
12

29
34
26
26

58
48
54
54

7
10
9.5
30

98
101
100
98.5

19, 732
147 430
15, 713
26, 923

30, 286
32, 856
26, 835
26, 820

3, 192
3,227
2,416
3,363

19, 245
20, 445
17, 327
17, 179

1, 850
1, 768.
1, 946'
2,257

34, 775
35, 302
42 907
37, 154

55, 813
47, 976
45, 037
36, 990

11, 562
11, 635
11, 506
9,668

3,921
4,378
3,324
2,903

10, 913
11, 163
12, 518
10, 081

13, 327
13, 548
15, 810
12, 457

80
72
54
43

57
22
22
14

26
28
29
33

60
60
55
60

4
4.5
11
20

100
100
98.5
96

47, 411
44, 894
47, 186
44, 732

29, 117
23, 913
25, 481
22, 176

2,370
2,170
2,373
2,773

20, 076
15, 658
18, 652
19, 788

3,503
3,713
3,813
4,362:

10 34, 135
1141,637
"44,700
11 53, 940

10 31, 432
ii 33, 916
1153,420
11 63, 030

9, 722
9,296
9,219
10, 793

9,079
3,513
3,214
9,519
3,324 . 9, 077
10, 052
4,047

11, 307
11, 689
10, 638
11, 863

47
56
63
64

18
27
34
30

18
17
25
25

51
51
56
60

20
10
8
7

96
93.5
95
96

41, 443
41, 299
26, 223
20, 811

20, 884
26, 282
28, 909
35, 640

2,452
2,962
3,021
3,003

20, 656
20, 946
22, 360
22, 794

3,378
3, 075
3, 751
3, 951 ;

11 62, 301
10 60, 852
10 55, 681
10 45, 518

11 69, 157
10 73, 625
10 73, 449
10 55, 809

16, 489
18, 003
15, 944
13, 621

6,637
7,042
6,851
2,541

13, 892
17, 559
16, 121
17, 839

17, 789
20,963
19, 474
20, 885

68
68
68
56

34
32
34
15

29
33
32
26

64
59
55
51

5.5
9
10.5
25

94
100
101
99.5

15, 399
25, 175
15, 735
22, 098

29, 508
39, 979
35, 261
33, 269

3,176
3,473
2,607
2,386

23, 272
23, 946
19, 043
16, 373

3,281
2, 556
3,488
4,234

53, 161
42, 207
57, 364
48, 486

79, 602
72, 763
58, 484
49, 344

13, 592
11, 086
10, 811
8,784

3,892
3,353
3, 154
3,149

10, 997
10, 757
10, 916
8,782

10, 158
13, 186
13, 222
11, 140

82
78
68
55

53
23
25
20

27
28
30
24

51
54
52
50

4.5
9
13.5
23

100
98
100
100

48, 395
51, 856
54, 622
47, 226

32, 696
33, 866
33, 301
30, 249

1,618
1,999
2,688
2,733

18, 195
17, 829
25, 061
21, 545

4,641
4,279
5,943
5,186

42,941
41, 695

50, 130
48, 025

9,25(5
8,332

2,592
1,897

9,443
9,878

11,690
11, 153

57
60

29
28

22
22

47
47

25
11

100
100

41,499

25, 863

24, 520

4,269

1925
January
February
iMarch
April
May
June
July
August

-

_ __

September
October
November
December

1926
January
February
March
April

_._

May
June
July
August
September
October.
November
December

_.

!

1 Combined figures representing average shipments and unfilled orders per firm from reports of 50 identical firms of the National Association of Chair Manufacturers^
from 42 to 58 firffs of the Southern Furniture Manufacturers' Association, and about 100 firms of the National Alliance of Case Goods Association. Data from the National
Association of Chair Manufacturers were discontinued after May, 1925, while those of the National Alliance of Case Goods Associations were not collected from June through
September
but on an average per firm basis, the data are still quite comparable.
2
Compiled by the National Association of Piano Bench and Stool Manufacturers from concerns estimated to cover about 80 per cent of this industry. Reports are from
14 firms in July, 1917, gradually decreasing until only 8 firms reported in 1923 and 1924. The figures are strictly comparable, however, as the 6 firms which ceased reporting
went3 out of this line of business. Monthly data from 1917 to 1923, appeared in the June, 1924, issue (No. 34), p. 57.
Compiled by Seidman & Seidman from reports of representative manufacturers of furniture in the Grand Rapids district. Owing to variation in the number of firms
reporting each month, the figures have been shown in number of days' production or sales, based on current ratios, or as percentages. The original data are based on value.
Monthly
data from June 1923 appeared in the June, 1926, issue (No. 58), p. 24.
4
Data from Northern Hemlock and Hardwood Manufacturers' Association, representing chiefly Wisconsin and upper Michigan mills. These figures represent actual
reports from 60 to 75 mills each month. The hardwoods cut are mostly maple, birch, and beech. Annual averages from 1913 through 1918 appeared in the February, 1926,
issuefi (No. 54), p. 65.
Compiled by the Prepared Roofing Manufacturers' Association, prorated to 100 per cent of the industry, from reports received from 60 to 90 per cent of the total machine
activity, comprising all types of asphalt-saturated roll roofing whether surfaced or not and all types of asphalt shingles. Monthly data back to 1919 appeared in the September,
1923, issue (No. 25), p. 55. Beginning with 1926 the name of the association was changed to the Asphalt Shingle and Roofing Association.
6
Compiled by the Felt Manufacturers' Association^ including reports from 16 identical mills, until 1925, when 17 firms reported. The felt is made from waste rags and
the data are said to represent about 50 per cent of the industry. Data as to receipts of rags and paper and stocks of all kinds appeared in November, 1924, issue (No. 39),
p. 104. Average prices are also included in the reports of the association.
? A roof square is equivalent to 300 square feet of covering as measured on the roof.
8
Six months average, July to December, inclusive.
e
Seven months' average, June to December, inclusive.
1° Average of two associations only.
11 Average of one association only.




68

Table 48.—GLASS AND CHINA PLUMBING FIXTURES
POLISHED
PLATE
GLASS
(2)

ILLUMINATING GLASSWARE 1

Unfilled St'ks,
Shipor- end
Ratio New
Total to ca- orders ments ders,
end mo.
pacity
mo.
No. of
turns

1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.

Production

Production

YEAR AND
MONTH

av
av
av
av
av
av

Per cent of capacity

Production

No. of weeks'
supply

Thous.
sq. ft.

Unfilled St'ks,
Net Ship- orders,
Ratio orders
end
ments end
Total to camo.
pacity
mo.
Thous. P. ct.
gross

4,021
3,112
3,385

50.1
41.6
44.5

50.7
42.1
44.7

50.5
40.0
44.2

3.2
'2.6
2.3

6.7
8.4
7.0

1924
September
October
November
December

2,742
3,494
4,574
2,492

37.7
45.7
51.0
43.6

48.7
45.8
43.5
42.2

44.3
48.3
45.5
39.5

3.0
2.4
2.9
2.8

8.2
6.6
8.4
8.5

6,948
8,154
7,821
7,878

1925
January
February
March
April

3,200
3,913
4,330
2,901

38.7
52.0
55.5
38.7

38.9
50.0
51.0
43.0

39.4
45.1
48.7
41.9

2.8
3.2
2.0
2.0

8.5
8.9
7.0
6.8

8,674
8,568
9,774
9,848

May
June
July
August

3,050
3,556
2,298
2,637

40.4
48.4
30.4
34.7

45.1
49.2
35.6
41.8

43.6
46.8
34.4
38.7

2.2
2.3
2.2
2.3

6.6
6.7
6.4
6.3

9,812
9,885
9,928
10,328

3,707
4,841
2,571
3,612

50.1
51.0
46.1
48.2

45.9
50.6
47.3
37.6

47.8
51.9
47.3
44.4

2.3
2.1
2.1
1.9

6.5
6.5
6.5
6.7

10, 297
10, 714
9,889
9,506

1,940
2,206
2,012
2,055

73.8
77.6
79.7
75.1

2,373
2,510
2,543
2,105

2,078
1,962
1,648
1,532

7,090
7,301
8,378
8,794

2,975
2,996
3,517
3,575

38.0
41.8
43.9
47.1

40.8
45.9
45.3
42.4

38.3
42.2
42.9
43.9

1.4
1.1
1.1
1.0

6.3
6. 3
6.4
6.3

10, 729
10,544
11,617
10, 726

2,005
1,834
1,977
2,051

73.3
72.6
68.3
74.2

2,804
2,166
2,290
1,663

1,704
1,744
2,056
2,179

3,123
2,916

42.8
47.6

45.9
47.9

41.3
45.6

1.3
2.5

6.0
4.7

11,029
12, 525

2,130
1,988

76.5
70.0

1,754
1,862

2,381
2,288

1926
January
February
March..
April
May
June
July
August

.

Net
orders
received

Thous. of gross

4,465
6,390
7,422
7,630
9,769

September
October
November
December

VITREOUS CHINA PLUMBING
FIXTURES *

GLASS CONTAINERS 3

Ship- Unfilled
Stocks,
orders, end
mo.
ments end
mo.
Number of pieces

i
« 2, 053

«16.6

82,383 51,805

6

6

237, 510

6249,846

205, 597
213, 369

272, 463
283, 435

519, 874
449, 808

321, 155
325, 420

4,295
4,669
5,064
5,614

195, 972
225, 287
301, 821
283, 018

248, 511
250, 803
201, 192
242, 676

397, 269
371, 753
472, 382
512, 724

342, 495
388, 643
443, 594
471, 442

9,654
10, 017
10, 116
9,522

5,906
5,982
5,915
5,781

285, 867
242, 805
259, 188
198, 116

248, 690
244, 121
282, 540
233, 124

549,901
548,585
525,233
490, 225

469, 697
464, 820
497, 496
532, 558

8,918
8,116

5,543
5,276

249, 867
345, 486

266, 998
317, 832

473, 094
500, 748

585, 153
542, 292

57,891

54,911

453, 968 6382,124

;----

September
October
November
December
|

i Data from biweekly reports of from 9 to 11 firms to the Illuminating Glassware Guild, estimated to represent from 70 to 75 per cent of the capacity of the industry,
with capacity ranging from 4,500 to 7,000 turns per month. A turn is a four-hour working period for one shop. Production data originally reported by firms with a biweekly capacity of from 2,256 to 3,463 turns, have first been prorated to the equivalent production of a capacity of 3,500 turns per biweekly period; these figures have in turn
been reduced to monthly data by combining and prorating the overlapping periods. Data given in percentages of capacity are averages of either two or three biweekly
periods from the association reports. Stocks and unfilled orders have been reported by capacities ranging from 1,891 to 3,098 turns biweekly, but as they are expressed in
weeks' supply, they are comparable without prorating. Data from 1923 on actual production, stocks and unfilled orders appeared in the July, 1926, issue (No. 59) p. 25.
The 3association reports give details by classes of shades, reflectors, bowls, and globes in number of turns.
Compiled by Plate Glass Manufacturers of America, comprising practically the entire industry. Monthly data from 1923 appeared in January, 1£26, issue (No. 53),
p. 23.
•
3 Data from the Glass Container Association, covering 41 manufacturers of glass containers with an annual productive capacity of 32,000,000 gross, or about 83 per cent of
the industry.
Details
by
classes
are
shown
in
the
association's
report.
4
Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of 38 manufacturers, covering almost all firms making vitreous chinaware which in
regular practice is connected with a drainage system. The figures represent A grade or regular selection. Details by classes are given on press releases, showing also B
grade or culls, the classification including siphon jets, washdowns, reverse traps, lowdown tanks, lavatories, and miscellaneous. Net orders received comprise total new
orders less cancellations, while stocks show amount of finished glost fixtures on hand at the end of the month.
* Four months' average, September to December, inclusive.
0 Six months' average, July to December, inclusive.




69

Table 49.—BUILDING BRICK, TILE AND TERRA COTTA

Number
1919 mo.
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.

Dolls,
per
thous.

Thousands of brick

av
av
av
av
av
av
av

57
23
20
20
17

251, 949
187, 856
224, 962
275, 946
279,504

1924
January
February
March
April

45
26
15
8

May
June___
July
August

Shipments

Production

Stocks,
end
of
Quan- Value month
tity

Thous. of
sq. ft.

Average
price 6
« o>
2*

n

Thous. Thous. Trolls, per
of dolls. of sq.ft.
sq. ft.

$15. 96
21.85
15.25
17.36
19.81
17.04
14.70

4,235
4,240

3,678
4,476

$1, 246
1,613

Quan- Value
tity

Short
tons

FACE BRICK <

Thous.
of dolls.

Shipments

UnBurned burned

Shipments

Wholesale
Unfilled price,
orders red,
N.Y.«

Ceramic
mosaic

Plants closed
down

YEAR AND
MONTH

Stocks, end of
month

ARCHITECTURAL
TERRACOTTA
BOOKINGS 3

Production

FLOOR AND WALL TILE 2

COMMON BRICK i

UnSt'ks, filled
end orders,
of
end
mo.
of
mo.

Thousands of brick

7,659 $0. 24 $0.40
7, 843 0.24 0.40

5,252
5,629
5,930
10, 524
10, 556
11, 937
13. 965

$652
895
743
1,163
1,348
1,288
1,683

591
691
666
727

511
616
616
660

1,544
1,740
1,576
1,736

859
1,244
956
966

46, 687
64, 918
56, 757
68,597

129, 024
158,524

129, 573
231, 063
344, 580
281, 735
281,917

306, 503
282, 813
250, 118
238, 703

38, 349
39, 695
46, 226
58, 972

45, 762
104, 663
142, 197
169, 855

272, 403
286, 219
335, 926
382, 778

20.00
20.00
20.00
20.00

4,712
4,689
4, 983
4,447

3,637
3,500
3,961
4,064

1,197
1,087
1,182
1,301

6,510
7,022
7,605
7,845

.24
.24
.24
.24

.40
.40
.40
.40

16, 779
13, 907
12, 462
13, 578

1,623
1,533
1,374
1,628

454
470
574
680

326
384
609
777

1,716
1,753
1,657
1, 678

888
1,040
1,145
1,264

6
7
12
13

223, 458
258, 474
231, 182
261, 800

70, 802
72, 725
86, 722
68, 138

163,
158,
149,
120,

298
753
622
777

394, 156
366, 098
314, 588
256, 017

20.00
20.00
16.00
13.50

3,945
3,893
4,200
3,862

3, 514
3,777
3, 635
3,913

1,216
1,324
1,249
1,322

7,846
7,834
7,616
7,398

.24
.24
.24
.24

.40
.40
.40
.40

10, 656
11, 293
14, 339
8,995

1,288
1,187
1,544
1,013

805
747
775
743

837
710
697
214

1,473
1,448
1,510
1,503

1,194
1,109
949
936

September ._ ._
October
_.
November
December

22
18
24
48

272, 172
312, 061
319, 585
354, 477

61, 150
44, 543
49, 596
51, 162

111, 846
135, 806
126, 945
118, 759

226, 529
186, 977
179, 225
202, 906

14.00
14.00
13.50
13.50

4,090
4,404
3,882
3,859

3,770
4,047
3,289
3,042

1, 308
1,462
1,170
1,134

7,533
7,821
7,910
8,964

.24
.24
.24
.24

.40
.40
.40
.40

11, 471
9,526
10, 374
9,861

1, 184
954
1,106
1,022

692
745
664
639

722
692
555
366

1,457
1,475
1,433
1,803

808
781
716
644

1935
January
February
March
April

31
26
16
6

279,
305,
287,
281,

862
831
800
858

23, 951
34, 891
43, 446
71, 266

94,185
110, 790
170, 697
206, 551

201, 479
247, 176
329, 673
339, 629

14.50
14.50
13. 50
13.50

3,606
3,708
4,014
3,859

3,031
3,270
3,891
4,260

1,085
1,162
1,357
1,503

9,090
9,358
9,506
9,076

.24
.24
.24
.24

.40
.40
.40
.40

12,809
11, 429
14, 849
17, 875

1,434
1,306
1,675
2,073

548
508
670
777

283
436
732
902

1,801
2,068
2,034
1,769

728
949
1,091
1,140

May
June _
July
August

9
5
12
7

239,
225,
227,
265,

389
451
306
897

67, 480
82, 987
92, 267
89, 608

180,
173,
180,
159,

851
215
407
309

333, 967
326, 226
292, 775
301, 913

15.00
15.50
15.50
15.37

4,162
4,408
4,508
4,809

4,315
4,526
4,839
4,867

1,544
1,625
1,725
1,788

8,308
7,389
7,194
6,624

.24
.24
.24
.24

.40
.40
.40
.40

10, 376
14, 964
10, 774
15, 451

1,287
1,806
1,392
2,002

883
817
837
812

890
875
822
733

1, 688
1,589
1,503
1,477

1,200
1,153
1,007
892

September
October
...
November
December _

12
18
21
43

338, 857
306, 588
279, 188
316,023

104,066
86, 164
64, 090
62, 947

171, 830
172, 542
144, 127
137, 788

252,511
262, 534
239, 636
253, 490

14. 75
14.75
14.75
14.75

5,092
5,313
5,139
5,259

5,178
5,470
5,013
5,050

1,892
2,029
1,761
1,886

6,676
6,606
6,703
7,569

.24
.24
.24
.24

.40
.40
.40
.40

18, 550
12, 341
13, 864
14, 297

2, 156
1,607
1,696
1,763

723
823
683
640

681
651
504
409

1, 522
1,693
1,713
1,978

929
903
835
770

1926
January
. __
February.
March
April

32
30
17
6

324, 203
355, 139
339, 392
265, 093

58, 339
60,014
69, 597
61, 934

108, 688
110, 866
150, 485
146.431

259, 158
262, 481
280, 612
277, 412

16.00
17.00
17.00
17.00

4,957
4,829
5,524
5,242

4,289
4,165
4,867
5,084

1,620
1,564
1,817
1,832

7,529
7,592
8,359
8,246

.24
.24
.24
.24

.40
.40
.40
.40

13, 342
10, 742
15, 617
18, 924

1,645
1,402
2,046
2,322

584
476
648
752

351
373
628
798

2,310
2,322
2,443
2,337

912
1,031
1, 032
1,334

4

250, 849

77,178

192, 065

265, 435

17.00
17 00

5,374

4,964

1,847

8,518

.24

.40

12, 338
10, 581

1,609
1,378

780
836

896
895

2,082
2,028

1,257
1,130

May
June
July
August

7

September .. ..
October
November
December
1
Data, except prices, compiled by the Common Brick Manufacturers' Association of America from reports of about 100 concerns representing about 30 per cent of the
total output of common brick. It should be noticed that the number of plants shut down increases considerably in the winter, owing to seasonal shutdowns in the more
northern localities. Details by districts are given in the association's reports. Monthly data from 1921 appeared in May, 1925, issue (No. 45), p. 27.
2 Compiled by the U. S. Department of Commerce, Bureau of the Census, from data reported by 37 concerns who produced about 80 per cent of the total production of
floor3 and wall tile in 1923, including the entire membership of the Associated Tile Manufacturers.
Details by grades and kinds are issued each month in mimeograph form.
Bookings of architectural terra cotta are compiled by the U. S. Department of Commerce, Bureau of the Census, from the reports of 27 manufacturers who produced
over 95 per cent of the total architectural terra cotta made in 1922. Values exclude freight, cartage, duty, and setting charges. Monthly data from 1919 are given in the
October, 1924, issue (No. 38), p. 52. Details by districts are given in the press releases.
* Data compiled by American Face Brick Association, representing averages per plant in order to allow for the variation in number of firms reporting. About 70 firms
usually
report. Monthly data from 1922 appeared in January, 1926, issue (No. 53), p. 22.
6
Wholesale prices are monthly averages from U. S. Department, of Labor Bureau of Labor Statistics, yearly price averages from 1913 to 1918 appeared in the November,
1924,6 issue (No. 39), p. 101.
Ceramic mosaic prices relate to %-inch square, selected, white; and white wall tile prices relate to bright glazed, 6 by 3 inches, standard. The prices are weighted
by the shipments of ceramic mosaic and white wall tile, respectively, of each firm reporting on these items.
7
Eleven
months' average, February to December, inclusive.




70

Table 50.—CEMENT, HIGHWAYS, AND PAVING BRICK
PORTLAND CEMENT i

YEAR AND MONTH

Production

CONCEETE
PAVEMENTS
CONTRACTED
FOR 2

Wholesale
price, net,
without
bags
Ship- Stocks,
end
of
ments month
Chi- Lehigh
cago Valley Total Roads
dist. mills

Thousands of barrels

Per barrel

Thous.ofsq.yds.

FEDERAL AID
HIGHWAYS3

Cost

Distance

Thous.ol
dollars

Miles

1913
1914
1915
1916
1917
1918
1919

mo.
mo.
mo
mo.
mo.
mo
mo.

av
av
av
av
av
av
av

7,675
7, 353
7,146
7,589
7,721
5,891
6,700

7,391
7,203
7,219
7,852
7,542
S,894
7,167

11, 220
12, 773
11,312
11,054
11, 080
9,386
9,809

$1.01
.89
.95
1.19
1.53
1.67
1.66

$0.89
.89
.79
1.03
1.40
1.75
1.74

1920
1921
1922
1923
1924
1925

mo. av
mo av
mo. av
mo. av
mo. av
mo. av . _

8, 306
8,191
9,489
11, 448
12,405
13, 434

7,999
7,921
9, 714
11, 324
12, 146
13, 060

7,278
10, 161
9,572
9,258
13, 178
16, 061

1.80
1.54
1.61
1.72
1.74
1.73

2.05
1.85
1.73
1.88
1.75
1.75

3,264
4,686
6,595
6,580
7,679
8,681

2,454
3,662
4,863
4,245
4,842
5,328

$15, 472
10, 799
17, 084
18, 410

1934
May
June
July
.. .
August.

13, 777
13, 538
14, 029
_ 15, 128

14, 551
15, 036
16, 614
16, 855

16, 403
14,903
12, 319
10, 666

1.75
1.75
1.75
1.75

1.75
1.75
1.75
1.75

12,500
8,948
10, 025
10, 286

8,527
4,939
6,214
6,010

September
October
November
December. .

14, 519
14, 820
13, 141
10, 435

16, 827
17, 160
10, 289
5,506

8,404
6,073
8,928
14, 123

1.75
1.75
1.75
1.68

1.75
1.75
1.75
1.75

6,839
6,806
3,000
6,958

1925
January
February
March
April

8,856
8,255
11, 034
13, 807

5,162
6,015
10, 279
14, 394

17, 656
19, 897
20,469
19, 882

1.74
1.75
1.75
1.75

1.75
1.75
1.75
1.75

15, 503
15, 641
16, 419

16, 735
17, 501
18, 131
18, 383

18, 440
16, 409
13, 896
11,952

1.75
1.75
1.75
1.75

15, 939
15, 992
13, 656
10, 713

17, 711
15, 309
10, 187
6,917

10, 247
10, 979
14, 534
18, 365

7,887
7,731
10, 355
12, 401

5,672
5,820
9,539
12,961

16, 472
16, 327

17, 951
19,013

May
June
July
August

.- 15, 387

September
October
November . _
December

1926
January February
March . .
April
May
June
July
August

__

Under
construction

Completed

PAVING BRICK *

Per

Production

cent
of caCan- Unfilled
Orders cellaShip- Stocks,
orders, pacity
end
of
ments month received tions end of
month

Thousands of brick, No. 1 quality

(No. 1
and
No. 2
brick)

9 31, 495 6 27, 123 7 78, 929 8 24, 699 6 2, 207 7 86, 763
24, 620
99, 588
21, 485
20, 957
957
71, 115
27, 793
21, 279 116, 390
22, 616
1,258
63, 710

680
70
74

4,455 83,435

937 14, 458
606 14, 529
853 14, 637
862

12, 187

15, 167
10, 982
7,752
12,082

759
616
456
776

14, 558
15, 350
15, 704
15, 694

26, 569
24, 998
31, 452
26, 569

24, 507
27, 786
31, 300
32,400

122, 303
111, 637
110, 286
97, 407

46, 147
23, 240
28, 747
21, 454

444
1,304
2,855
594

100, 242
99, 314
92, 237
76, 867

69
68
81
74

3,818
3,211
1,891
4,661

20, 820
32, 631
33, 279
30, 271

1,174
1,223
1,595
1,288

15, 712
15, 538
14,390
13, 287

25, 833
26, 294
27, 078
23,000

31, 563
29, 142
22, 833
9,207

86, 875
73, 604
73, 846
85,283

27, 070
16, 535
10, 839
11, 235

1,536
924
1,620
176

74, 089
59, 496
45, 840
44, 059

88
91
89
75

4,513
5,047
8, 502
17, 363

3,474
3,787
5,772
12, 463

30,665
11, 206
4,159
15,383

1,160
616
254
686

12, 759
12, 345
12, 388
12, 231

25, 266
20,841
27, 404
28, 444

4,198
5,613
12, 271
18, 738

111, 666
117, 776
135, 435
139, 223

5,751
6,932
23, 188
21, 921

40
21
712
1,627

51, 572
49, 692
64, 091
68, 636

62
62
78
81

1.75
1.75
1.75
1.75

12, 286
10, 222
12,044
9,594

7,724
5,981
6,362
6,368

14, 332
27, 520
11, 038
19, 584

767
1,335
581
956

12, 583
12, 536
12, 276
11, 839

* 32, 177 . 25, 690
31, 973
30, 731
34, 317
30, 635
34, 098
35, 638

131, 689
126, 038
117, 543
116, 123

41, 391
31, 125
29, 270
33, 209

1,969
1,014
1,855
1,132

82, 101
82, 239
75, 389
77, 662

86
82
79
81

1.75
1.70
1.65
1.65

1.75
1.75
1.75
1.75

9,730
6,135
3,488
5,244

4,087
3,711
1,718
2,491

22, 395
12, 255
31,822
20,561

1,177
535
1,188
1,094

12, 186
12, 187
11,935
10, 978

30, 072
28, 935
23, 611
21, 302

29, 773
28, 482
17,869
10, 788

104, 286
99, 567
101, 915
95, 427

31, 925
19, 021
17, 746
9,916

2,362
3,262
364
738

63, 702
51, 161
50,669
46,608

78
74
60
64

20, 582
22, 384
23,200
22,640

1.65
1.65
1.65
1.65

1.75
1.75
1.75
1.75

3,629
5,012
7,938
13, 563

2,161
2,727
4,663
8,758

12, 110
11, 837
8,535
9,981

386
492
430
495

10, 838
10, 803
10, 690
10, 851

19,329
20, 170
22,642
22, 496

10, 237
9,896
10, 996
16, 491

111, 431
115, 977
123, 997
128, 137

11, 454
12, 984
21, 805
18, 358

344
151
18
749

48, 722
51, 573
63,364
64,081

50
52
57
57

21, 173
18,987

1.65
1.65

1.75
1. 7u

14,008
10,750

8,911
6,948

23, 311
968
22,709 11,341

10, 843
10, 961

21, 103
26, 342

22, 645
30, 312

123, 808 . 30,296
115, 971
35, 451

302
3,396

71, 430
75,283

49
63

September
October
November
December
1
Data on Portland cement, presenting complete reports of manufacturers, are from the U. S. Department of Commerce, Bureau of Mines, except prices, which are averages
of weekly prices reported by the U. S. Department of Labor, Bureau of Labor Statistics. The cement industry is highly seasonal and its figures should be compared with
corresponding months of previous years rather than with other months of the current year. Detailed data by months back to 1915, with an 8-year average for each month
which can be used for seasonal comparisons, will be found in the September, 1923, issue (No. 25), p. 47. Monthly price data from 1913 appeared in December, 1923, issue
(No. 8 28), p. 54.
Concrete pavements contracted for throughout the United States are from the Portland Cement Association, Highway Bureau. The total contracts include streets and
alleys
besides roads.
3
Data on amount of Federal aid highways completed during each month and under construction at the end of month specified are compiled by the U. S. Department
of Agriculture, Bureau of Public Roads, and include all kinds of improved roads built with Federal aid. Federal-aid roads represented about 45 per cent of the total mileage of roads improved by the States in 1925, while Federal-aid grants amounted to about 20 per cent of the costs of the Federal-aid roads shown above. The
data on roads completed represent all roads reported as such to the Bureau of Public Roads, whether paid for or not. Monthly data from 1922 appeared in the July, 1926,
issue4 (No. 59), p. 24.
Compiled from reports of the Paving Brick Manufacturers' Association, covering from 24 to 29 companies each month, stated to represent from 66 to 71 per cent of the
industry;
further details as to size, quality, and geographical distribution may be obtained from the regular reports of the association.
6
Of the numerical 1919 monthly average, 3,221,000 yards was actually reported. The remainder is the prorated portion of a total of 3,338,309 yards for the last year of
pavement
less than 6 inches thick not allocated by class of pavement. This has been prorated to roads on the basis of the roads' share of allocated contracts.
6

Nine months' average April to December, inclusive.
7
Ten
months'
average, March to December, inclusive.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

71

Table 51.—NAVAL STORES, EXPLOSIVES, AND DYES
!

TURPENTINE

ROSIN

Stocks
Stocks
Net
Net
Whole- receipts
WholeYEAR AND MONTH receipts
sale (3 ports)
sale
2
At
(3 ports) 3 ports 5 ports 3
ports
5
ports
At
stills
price
«
price s
stills 2
0)
0)
Dolls,
per gal.

Barrels
1913
1914
1915
1916
1917
1918
1919

monthly av.
monthly av_
monthly av.
monthly av_
monthly av_
monthly av_
monthly av.

26,494
22,807
25, 819
23, 006
13, 349
15, 481

1920
1921
1922
1923
1924
1925

monthly av.
monthly av.
monthly av.
monthly av.
monthly av.
monthly av.

21, 131
22, 110
21, 765
26, 515
25, 067
24, 319

27, 764
47, 707
26, 762
28, 610
38, 567 e 57, 237 e 20, 527
40, 731 7 46, 698 7 11, 725

1934
May
j"un6
July
August

34, 949
39, 620
45, 440
40, 605

23, 595
32, 499
34,200
43, 567

September _
October
November.
December

34, 364
25, 637
24, 924
26, 189

1925
January
February. -.
March
April
May.
June
July
August
September
October
N o vember
December

__

1936
January
February
March
April
. .
May
June
July..
August

59, 721
71, 562
96, 818
122, 792
55, 481

DYES AND
DYESTUFFS

EXPLOSIVES s

Production

Dolls,
per bbl.

Barrels

Shipments

Sales

Exports *
Stocks,
end of Vege- Coal
month table tar

Thousands of pounds

$0.43
4.47
.46
.49
.49
.59
1.20

58,914
92, 260
98,905
79, 787
53, 138
54, 092

275, 273
322, 029
323, 461
292, 126
223, 926

$4.82
4.02
3.77
5.80
6.39
10.56
15.16

1.74
.68
1.15
1.17
.91
1.01

69, 912
65, 939
83, 439
97, 575
92, 295
90,195

157, 943
316, 585
308, 498
266, 932
250, 478 6303,908 6 212, 410
192, 208 7 222, 256 i 105, 849

15.29
5.79
5.77
6.01
6.17
10.94

30, 756
36, 762
33,740
34, 241

31, 080
36, 542
34, 340
34, 241

28, 926
35, 174
32, 726
32,332

16, 316
18, 758
17, 067
17, 346

437
354
264
310

696
1, 494
1,310
2,150

.90
.84
.84
.89

112, 571
110, 088
129, 907
124, 876

234, 644
241, 108
270, 218
274, 605

5.59
5.53
5.59
5.81

30, 179
30, 817
31, 097
33, 890

31, 043
32, 842
36, 199
34, 235

31, 561
31, 586
30, 765
33, 609

17, 744
15, 730
16, 399
16, 101

'268
166
345
231

751
1,288
1,819
2,084

113, 209
92, 962
105, 007
119, 216

37, 158
41, 030
33, 973
31, 208

37, 062
39, 236
33, 591
31,411

35, 777
36, 554
32, 513
30, 569

16, 314
18, 194
18, 355
18, 181

187
355
225
340

971'
1,080
1,268
1,022

315, 637

238, 511

273, 721
228, 614
228, 673
256, 482

323, 929

226, 714

275, 046
301, 021

199, 615
184, 800

6.12
7.16
7.60
7.60

51, 279
49, 322
50, 137
57,080

222, 857
199, 896
171, 197
154,244

261, 801
232, 902
199, 077
178, 794

140, 056
97, 879
66, 589
77, 450

8.24
8.28
8.09
7.95

33, 479
36, 527
34, 211
32,504

35,296
34, 074
33, 354
33, 727

34, 541
31, 675
31, 269
33, 451

16, 480
18, 976
20, 358
19, 501

201
216
430
287

2,007
2,067
1,990
2,172

1.06
.99
.97
1.01

106, 424
126, 622
134, 609
122, 022

161, 970
210, 059
211,452
202, 247

271, 770

83, 466

238, 522

105, 709

8.91
8.91
9.98
10.89

32, 718
33, 894
35, 621
37,436

33, 769
35, 492
35, 545
37, 429

32, 165
34, 860
33, 869
36, 402

18,272
16, 540
16, 187
16, 585

322
291
421
431

2,077
2,128
2,081
2,205

115, 023
100, 264
77, 491
92, 070

181, 940
181, 613
196, 939
220, 479

197, 015

119, 679

21, 765
12,969

1.12
1.13
1.12
1.02

221, 273
248, 667

121, 659
117, 769

14.19
15.88
15.94
14.07

35, 844
33, 049
31, 638
31, 765

35, 454
33, 414
33, 127
30, 214

33, 020
32, 594
31, 181
27,817

17, 335
16, 309
14, 958
16, 649

236
334
306
248

2,512
1,718
1,840
3,005

54,304
.46, 719
30, 470
27,414

7,303
4,807
6,064
4,821

1.07
1.00
1.00
.97

36, 466
31, 082
20, 196
40,643

199, 121
169, 140
117, 182
94,035

218, 726
196, 157
137, 263
107,961

93, 318
78, 704
58, 846
40,813

14.34
13.33
11.10
8.91

28, 789
33, 886
36, 238
34, 186

30, 075
32, 370
36, 469
34,284

29,717
29, 335
34, 266
33, 528

16, 414
16, 777
17, 349
17, 331

215
126
228
165

1,552
1,611
2,925
1,666

35,709

5,984

.86
.87

85,965
137,584

85,026
112, 514

146, 930

48,570

8.43
11.18

34,355
37, 492

35, 378
37,875

33,506
35,568

16, 809
16, 458

138
269

2,326
1,661

39, 352

21,420

52, 856
41, 587
51, 489
61, 379

61, 253

19,283

61, 333
67, 010

18, 342
23, 063

.89
.88
.85
.84

8,391
6,167
5,907
16, 695

49, 556
37, 606
22, 831
20, 373

55, 368
43, 138
26, 936
24, 041

10, 014
6,903
6,628
7,596

.93
.94
.92
.96

34, 379
42, 146
42, 704
36, 945

26, 761
35, 402
44, 957
58, 437

40, 828

8,486

51, 793

11, 936

34, 013
26, 367
18, 001
20, 114

48, 149
48,404
45,046
51, 247

54, 636

15, 992

57,650
62,041

6,512
4,681
3,499
11,291

44,907
37, 647
26, 866
24, 619

28,945
42,503

26, 719
36, 532

1

September
October
November
December
1 Represent the receipts and stocks at Jacksonville, Savannah, and Pensacola, as reported by the Naval Stores Review, earlier data being supplied by the Savannah
Board of Trade, Jacksonville Chamber of Commerce, and Pensacola Chamber of Commerce. Monthly averages for 1914 and 1915 are based on the season beginning Apr. lof
the year indicated and thereafter on the calendar year. 1 Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 40.
2 Compiled by the Turpentine and Rosin Producers Association. Stocks at stills cover all such stocks in Texas, Louisiana, and Mississippi, 95 per cent of those in Alabama, and a few of the larger places in Georgia and Florida, the producers in these two States generally shipping to the ports as fast as produced. Port stocks include Savannah,3 Jacksonville, Pensacola, New Orleans, and Mobile.
Compiled by the U. S. Department of Commerce, Bureau of Mines, from reports from 24 companies. Data comprise black powder, permissibles, and other high explosives, and do not include reports of manufacturers of ammunition and fireworks, nor production of nitroglycerin, except in so far as nitroglycerin is used in the manufacture4 of other explosives. Detailed data by classes from 1922 appeared in November, 1924, issue (No. 30), p. 107.
Data compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Export figures for "vegetable " dyes include logwood extract (about
50 per
cent) and other dye extracts; coal-tar exports comprise coal-tar colors, dyes, and stains.
6
Data from the U. S. Department of Labor, Bureau of Labor Statistics, and represent average prices in the New York market. Quotations for rosin cover grades common
to good.
Monthly data from 1913 appeared in November, 1925, issue (No. 51), p. 22.
6
Average of four months, July, September, November, and December.
7
Average of eight months, January, February, March, April, August, September, November, and December.




Table 52.—WOOD DISTILLATION
1

ACETATE OF LIME

Production

YEAR AND MONTH

METHANOL (CRUDE)

-2 » &
Ship- Stocks,
of Ex- 2 0-3 5
ments end
mo. ports

en

Shipments

Dolls,
per
cwt.

Thousands of pounds

12, 421
4,885
10, 445
13,700
10, 751
12, 628

Production

Stocks,
end of
mo.

Exports 2

13,683
13, 424
9,819
12, 673

35, 836
14, 269
23, 537
22, 622

2,300
1,829
1,926
1.837

11, 675
12,973
14, 685
11,814

8,227
12, 628
14, 034
12, 144

18, 034
18, 549
19, 249

223
336
1,424
1,348

4.00
4.00
4.00
4.00

574, 124
666, 364
756, 746
624, 433

526, 623
732, 399
889, 362
753, 166

2, 902, 923
2, 851, 938
2, 726, 866
2, 592, 298

77, 351
49, 184
76, 023

13,420
13, 173
14, 107
12, 650

9,022
8,548
9,028
12, 460

23, 402

326
1,119
1,622
1,421

4.00
4.00
3.88
3.38

705, 747
690, 403
741, 505
698, 126

642, 812
681, 057
617, 949
626, 837

11, 539
9,396
7,714
8,112

8,561
9,261
7,056
11, 101

33, 986
32, 291
23, 757
19, 764

3,249

3.00
3.00
3.00
3.00

623, 107
492, 902
408, 132
444, 612

659,
472,
448,
525,

September
October
November
December

8,449
9,803
10, 327
10, 317

10, 025
12,047
11, 698
9,026

18, 070
15, 259
11, 890
13, 499

2,462
1,367
3,512
980

3.00
3.00
3.00
3.00

464, 702
539, 333
562, 828

578,
621,
627,
596,

1935
January
February _
March ._
__ _
April
_.

13,081
11,906
12, 827
13, 033

10, 248
10, 126
11,416
9,443

21, 233
23, 072
25, 149
28, 823

1,995
999
1,098
1,639

3.00
3.00
3.00
3.00

Mav
June
July
August

12, 802
11, 262
11, 803
12, 422

13, 335
15, 362
12, 182
11, 722

28, 337
24, 092
23, 737

1,815
1,498

2,457

22,988

1,231

September
October
November

12, 117
12, 588
13, 324
14, 369

13, 707
13, 899
12, 926
17, 711

20, 882

18,040
19,406

1,340
426
4,571

15, 711

13, 517
12, 074
13, 364
13, 284

11,038
10,358
9,660
11, 093

17,238
18,969

13,040

12,910

monthly
monthly
monthly
monthly
monthly
monthly

average.
average
average.
average.
average.
average.

1933
September
October
N^V^mb^r
December ..
1934
January
February
March _
April
May
June
July
August

.__
_

. _.

T)f>pp,mhp,r

1936
January
February
March
.
April
May
June
July
August

_.

4.".
W

Carbonized

DAILY CAPACITY

Stocks,
end of
mo.

Dolls,
per
gal.

Gallons

$2.78
1.87
2,26
3.84
3.27
2.90

1920
1921
1922
1923
1924
1925

WOOD

Total

Report- Shuting down

Cords

$2.56
.80
1.64
1.06
.76
.61

78,580
34, 177
64,286
80,787
61, 577
67, 251

829, 227
826, 847
942, 884
794, 744
715, 690
630, 174

5,629
5,448
5,391
5,339
4,687
4,719

4,083 626
4,585 2,771
5,217 1,890
5,171 1,183
4,038 681
4,367 759

65, 722
74, 130
82, 080
67, 669

799,988

80,535

.99
.93
.88
.88

822, 502
816, 300
837, 783

5,333
5,356
5,356
5,356

5,194
5,217
5,217
5,217

1,367
1,260
1, 130
1,594

2, 632, 633
2, 738, 308
2, 749, 818
2, 656, 211

73, 768
120, 489
26, 231
32, 188

.88
.88
.88
.88

78, 892
73, 541
78, 661
74, 596

786, 174
814, 896
815, 824
849, 991

4,633
4,633
4,633
4,633

4,513
4,495
4,513
4,378

630
408
382
468

564
285
022
756

2, 615, 144
2, 368, 760
1, 873, 932
1, 797, 729

60, 651
51, 125
50, 462
77, 547

.75
.74
.65
.68

67, 841
53, 594
46,536
47, 198

866, 518
821, 242
623, 940
663, 715

4,609
4,609
4,609
4,609

4,339 698
4,156 1,199
3,580 926
3,544 969

381
412
586
706

1,656,499

19, 747

1, 551, 678
1, 372, 786
1, 315, 166

50,901
42, 218
35, 310

.68
.69
.68
.68

49, 850
57, 624
55, Oil
55, 585

645, 956
633, 428
538, 798
527, 802

4,819
4,819
4,819
4,819

3,724
3,784
3,712
3,712

926
709
581
275

648, 709
615, 306
663, 665
671, 878

659,564

1, 459, 231

1,520,487

56, 760
39, 625
63, 343
34, 321

.68
.68
.68
.68

71, 130
62,880
68, 848
69, 387

636, 379

594, 191
582, 665
595, 988

4,807
4,807
4,807
4,807

4,280
4,280
4,488
4,488

339
363
381
591

2.88
2.75
2.75
2.75

655, 601
584, 271
622, 363
599, 668

623, 065
593, 291
620, 134
672, 181

1,871,609
1, 866, 632
2, 056, 207
1, 829, 218

39, 342
17, 853

.58
.58
.58
.58

67, 645
61, 670
64,456
64, 123

694, 928
675, 175

4,807
4,807
4,639
4,639

4,488
4,488
4,356
4,308

849
987
935
921

577,430

2,970

2.75
2.75
3.00
3.13

669, 718
844, 475
782, 441
813, 504

1, 727, 270
1, 500, 328
1, 422, 961
1, 371, 2S4

.58
.58
.58
.58

63, 873
64,828
72,088
76, 081

620, 869
603, 572
575, 805
530, 504

4,639
4,639
4,615
4,615

4, 308 969
4,308 1,095
4,308 841
4,308 841

3.25
3.25
3.25
3.25

698,263
673,837

661, 123
617, 522
606, 565

1, 358, 541
1, 264, 656
1, 230, 616

709, 051

583,639

1,418,617

39, 270
62, 139
26, 794

.58
.58
.57
.55

72,603
67, 114
73, 246
75,005

486, 304 | 4, 695
479, 104 [ 4,635

22, 594
24, 980

1,286
615
2,251
503

460, 743

25,282

1,893

3.25
3.25

643, 476

629, 671

1,442,842

16,001

.55
.55

71,220

462,706

1,942
1,520

18,800

27,623
32, 370
30, 535

3,184
3,196
728

652, 021
567, 409
716, 144
574, 799
637, 594

635, 563
666, 718
591, 531
670, 501

2, 749, 407
8, 494, 877
2, 110, 722
1, 693, 310

105,860

58, 589
34, 343

324,504

526,192

612, 886
676, 987
722, 361

684, 430

1, 870, 472

1,824,024

100, 585
53, 386
34. 015

28,447
9,881
15, 320
19, 558
10, 643

73,092
70,254

633,006
677, 725
685, 162

584,368
644,589

477,566

:

4,635
4,635

4,294
4,234
4,234
4,234

805 i
745 !
533
537

4,635

4,230

533

September..
October
November
December
1 Except for prices and exports, data are compiled by the 17, S. Department of Commerce, Bureau of the Census, including through June, 1924, the reports of the National
Wood Chemical Association, the total reports from all sources comprising about 95 per cent of the industry during most of this period. Beginning with July, 1924, all data
have been collected directly by the Bureau of the Census. The decline in capacity in January, 1924, is due to dropping from the capacity records of firms with a daily
capacity of 723 cords which had been idle for a long time. Monthly data on production and on consumption and stocks of wood for 1920 appeared in the September, 1923,
issue (No. 25), p. 46, the 1921 data being revised in the December, 1923, issue (No. 28), p. 51. Press releases of the Bureau of the Census also give Canadian figures, beginning
with 1925.
2 Exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3 Wholesale prices representing monthly averages from U. S. Department of Labor, Bureau of Labor Statistics.




Table 53.—METHANOL AND ETHYL ALCOHOL
METHANOL 1

1

ETHYL ALCOHOL 2

Refined

Crude, for refining

Consumed

YEAR AND MONTH

Purchased

United
States

Canada

Stocks, refineries,
end of month

Produced

Stocks, end of
of month

Ware-

ization month

United
States

Canada

United
States

Canada United
States

Canada

Gallons
1913
1914
1915
1916
1917
1918
1919

With-

house
Produc- drawn
for
stocks,
tion denaturend of

Thousands of gallons

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

» 6, 581
s 6, 573
3 6, 758
3 15, 232
3 17, 632
3 12, 532
3 8, 180

1,413
1,484
2, 118
7,044
7,814
3 7, 554
85,033

3,014
2,495
2,500
2,602
3,657
4
14, 719
4
6, 403

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average _ 1925 monthly average

« 9, 485
6,119
8,137
11, 234
12, 201
16,690

« 4, 398
3,864
6,876
9,527
10, 965
14, 801

« 4, 466
7,040
5,074
4,754
3,980
6,316

1924
May. _ _
June
July
August
_ _ _

8,891
7,812
9,254
11, 029

6,758
7,697
9,021
11, 130

7,244
6,035
4,614
3,481

September
October
November
December

13, 118
15, 962
16, 452
19, 930

12, 012
14, 515
16, 211
19, 423

3,632
2,881
1,975
1, 350

13, 690
9,722
9,682
10, 168

1,932
4,037
5,010
5,983

*

« 480, 012

8 669, 910

8 25, 133

8 1, 356, 851

8 41, 085

6

515, 262

8 24, 202

8 593, 589

e 47, 019

1925
January _
February^
March
April
May
June__
July
A ugust

_ .

_ -

September
October
November , .
December .

_

1926
January
February _ _ ._ .. _
March
April
May
June..
July
August

_

__

430, 377

581, 181

37, 928

1, 786, 150

65, 643

474, 701

36, 680

719, 468

68, 477

16, 323
13, 120
12, 592
12, 096

390, 831
336, 740
395, 832
435, 423

589, 223
480, 057
646, 490
622, 570

26, 465
17, 493
21, 641
None.

1, 869, 677
1, 461, 989
1, 544, 175
1, 468, 549

58, 648
55, 475
42, 944
42, 077

417, 727
375, 040
395, 607
526, 383

25,800
17, 200
20, 700
None.

717, 400
672, 061
556, 561
577, 292

50, 344
51, 551
52, 459
32,007

12, 718
13, 457
13, 143
18, 550

9,971
11, 526
16,240
16, 823

7, 831
9,038
6,968
7,831

454, 391
681, 985
597, 836
596, 693

619, 782
907, 452
810, 607
771, 827

22, 188
12, 200
40,895
47, 391

1, 365, 088
1, 064, 365
858, 301
792, 357

19, 889
36, 606
33, 186
15, 300

509, 795
673, 308
666, 641
608, 152

21, 185
11, 500
39, 200
45, 555

527, 176
516, 437
496, 792
559, 112

40, 129
32, 443
40,846
54, 915

19, 859
21, 541
21, 235
19, 640

18, 021
21, 624
20, 680
19, 463

8,913
7,411
6,636
5,967

503, 973
516, 820
583, 085
531, 370

731, 466
691, 730
756, 346
633, 731

32, 574
39, 57a
30, 561
28, 072

656, 565
685, 995
750, 480
850, 999

40, 096
29, 478
33, 089
22, 451

596, 997
483, 059
559, 505
525, 008

31,545
38, 070
29, 140
26, 995

637, 300
636, 699
557, 711
623, 538

60,704
69, 371
72, 629
75, 276

16, 350
12, 765
13, 153
12, 756

17, 712
9,407
9,501
10, 298

3,871
5,801
7, 282
8,804

604, 598
677, 147

802, 337
963, 093

28, 537
13, 379

876, 428
600, 780

23, 827
20, 664

477, 559
652, 692

27, 460
12, 670

567, 444
512, 606

81, 259
76, 108

13, 468

12, 563

8,327

_.

September..
October __
November
December
1
Compiled from individual rep9rts of all methanol-refining plants in the United States and Canada by the U. S. Department of Commerce, Bureau of the Census, the
following grades of methanol being included: 95 per cent refined, 97 per cent refined, pure, C. P. and denaturing grade methanol. The amounts of crude methanol purchased by refiners are less than consumption of crude in refineries because many refiners have their own crude plants and thus do not have to purchase crude methanol.
Canadian
refineries all have their own supplies of crude and so no purchase column is shown for Canada,
2
Statistics of ethyl alcohol, compiled by the U. S. Treasury Department, Bureau of Internal Revenue, comprise all 160° proof alcohol produced in the United States.
Withdrawals for denaturing represent approximate production of denatured alcohol. The large increase in the proportion of the total production used for denaturing,
beginning with 1922, is stated to be due to the use of denatured alcohol, which pays no tax, for certain medical purposes in place of pure alcohol which was formerly used
and 3is taxable.
Fiscal year beginning July 1 of year indicated.
*5 Stocks on June 30 of year indicated.
Eight months' average, May to December, inclusive.

6
Nine months' average, April to December, inclusive.



74

Table 54.—CHEMICALS
[Index numbers for base year in bold-faced type]

1

Index numbers relative to Aug., 1914
1919-13 mo. av
1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo av
1918 mo. av
1919 mo.
1920 mo.
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.

av
av
av
av
av
av
av

10O

100

100

SULPHURIC
ACID
Oils and fats »

Chemicals 2

Crude drugs 1

Essential oils 1

YEAR AND
MONTH

Drugs and
Pharmaceuticals i

WHOLESALE PRICE
INDEXES

Relative to
1913-14 7

100

100

NITEATE OF SODA <

POTASH

ACID PHOSPHATE «

Production in
Chile
WholeExports 4 sale
price *

ImUnits Imports ports 4
reQuantity port-

Pro-

duction

Stocks,
end of
month

Consumption

FERTILIZER

Ex-

ports

4

ing

Pounds

Dollars
per 100

pounds
•

614, 940
807, 417
1, 098, 015
6, 486, 619
5, 538, 625
5, 293, 578
6, 691, 220

.00
1.00
.30
2.00
.70
1.60

1.00
1.12
.91
.76
.73
.71
.70

Metric
tons

No. of

plants

Long tons

43, 177
52, 155
45, 143

238, 712

116

139, 921
210, 386

• 67
99
54
38
69
89

201
196
129
120
142
155
157

213
265
158
131
135
140
174

185
202
134
174
220
208
198

125
114
113

142
139
155

1, 774, 625
2, 415, 612
1, 067, 862
1, 039, 199
686, 981
939, 306
628, 067

1925
Januarv
February
March
April

154
155
156
156

154
159
158
154

222
219
204
197

113
114
113
113

157
148
161
154

1, 017, 060
940, 108
712, 571
891, 340

.70
.70
.70
.70

215, 986
185, 440
205, 094
180, 609

May
June
July
August

155
156
158
158

151
161
175
171

192
191
187
190

113
112
111
112

153
154
153
158

669, 293
660, 490
354, 548
440, 954

.70
.70
.70
.70

September
October
November..
December

158
158
157
157

179
191
215
225

196
195
191
192

113
113
113
113

156
158
156
156

478, 168
382, 780
408, 050
581, 442

January
FebruaryMarch
April

156
156
156
156

218
202
192
179

193
200
205
204

114
112
112
113

155
149
152
149

May
June
July
August .

156
155

175
168

203
206

112
114

154
170

109,629

Long
tons

Short tons •

21, 124
22, 291

64,349

17,611
6,305

101, 535
128, 601
153, 766

978
802
1,564

33, 955
110, 160
30, 767

14, 880

Consumption in
Southern
States e
Short
tons

103, 391
119, 938
85, 639
30, 647
32, 747

28,733
18, 713

5,230

54, 509
117, 994
74, 620
77, 912
91, 641
89, 216
95, 532

411, 678
232, 193
292, 224
360, 412
390, 477
422, 993

45,039

8,739
20,103

74, 084
82, 053
92, 901

19, 205
19, 088
21, 751

317, 171

1, 434, 649

92
93
88
84

89, 858
95, 109
197. 359
155, 163

23, 240
28, 173
27, 062
20, 532

370, 439
276, 043
289, 667
328, 935

2, 094, 875
180, 992
1, 947, 640
405, 400
1, 238, 510 1, 014, 345
640, 992
868, 090

191, 443
192, 924
215, 393
224, 587

86
90
92
93

135, 169
59, 016
68, 791
92, 082

7,757
13, 803
25, 954
21, 041

231, 470
239, 301
290, 875
285, 003

527, 259
716, 709
1, 337, 635
1, 471, 305

119, 825
56, 319
30, 989
122, 710

123, 813
94, 805
120, 171
94, 089

120, 942
37, 231
14, 073
61, 222

.70
.70
.70
.70

206, 745
227, 240
234, 319

56, 764
48, 587
73, 892
43, 018

29, 451
17, 455

240,000

92
88
91
91

26, 894

301, 347
372, 044
354, 733
466, 191

1, 476, 664
1, 686, 223
1, 899, 652
2, 178, 319

335, 804
187, 361
136, 311
201, 332

110, 558
87, 568
65, 260
125, 423

133, 672
116, 710
55, 281
110, 649

996, 662
667, 579
1, 324, 657
1, 029, 287

.70
.70
.70
.70

235,000
220,000
228,000

89
88
79

103, 627
156, 354
171, 929
124, 370

28, 365
25, 632
38, 856
24, 827

438, 213
336, 150
346, 182
298, 227

2, 394, 242
2, 140, 710
1, 544, 347
1, 081, 293

60, 121

651, 205

1, 126, 993
453, 315

.73
.75

58, 082

11, 696
6,013

227, 269
255, 225

840, 543
1, 013, 207

89, 317
158, 809
200, 266

19,646

304, 957

65, 989
464, 953
78, 058
979, 261
94, 450 2, 049, 427
86. 201
932, 493

1926

September
October _ _
November..
December

12,225

192, 059

•559,345

93,365 1, 291, 757

952, 797
664, 036

106, 850 1, 740, 293
110, 588
673, 440

175,740

116, 228
90, 998

68, 768

154, 515

,

1
Compiled by the Oil, Paint, and Drug Reporter from weekly wholesale quotations of 40 crude botanical drugs, 20 essential oils, and 35 drugs and pharmaceutical
chemicals,
respectively.
2
The chemical price indexes from Chemical and Metallurgical Engineering include quotations on 25 chemicals and 15 oils and fats selected on the basis of their
importance as representing both qualitatively and quantitatively the principal branches of the chemical industry. These prices are weighted on the basis of total
production plus total imports in the year 1923. The figures are averages of weekly prices. A similar index including 25 of the principal chemicals, oils, and fats used
in the
new indexes, with yearly data from 1917 to 1923, and monthly data for 1923 and 1924, may be found in the November, 1924, issue (No. 39), p. 105.
8
Wholesale average monthly price of 66° sulphuric acid at New York from U. S. Department of Labor, Bureau of Labor Statistics.
* Data compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Potash includes potash imported as chemicals and also the
murate
and suphate used in fertilizers. " Total fertilizer " exports are made up largely of phosphate rock.
8
Data compiled by the National Fertilizer Association from reports of acidulators representing about 80 percent of the industry; figures in greater detail divided into northern and southern sections are obtainable from the association's reports. Consumption figures have been computed by adding production to stocks at the beginning of
month and subtracting from this total the stocks at the end of the month, hence indicating disappearance or shipments from plants and not actually fertilizer
used.6 Details by sections for 1925 appeared in the January, 1926, issue (No. 53), p. 16.
Compiled by the National Fertilizer Association from tag sales reports of Commissioners of Agriculture of 12 Southern States (Virginia, North Carolina, South Carolina,
Georgia,
Florida, Alabama, Mississippi, Tennessee, Missouri, Louisiana, Arkansas, and Texas). Monthly data from 1920 appeared in the May, 1920, issue (No. 57) p. 17.
7
Relative to 12 months' average, July, 1913, to June, 1914.
8 Tons of 16 per cent available phosphoric acid, which is equivalent to 320 pounds per ton.




75

Table 55.—VEGETABLE OILS
TOTAL
S
VEGETABLE
OILS

YEAR AND
MONTH

Exportsi1

COTTONSEED

COTTONSEED OIL

OLEOMARGARINE 2

Price,
Consumsumption Stocks, mer Stocks, Produc- ConImProduc- in
end of yelof
tion sumpports 3
tion * oleo- mo. * low end
tion
mo.*
margaprime
rines
V.Y.e

1913mo.av_. 29, 042
1914mo.av_- 17, 758
1915 mo. a v. . 31,641
1916mo.av_- 16, 977
1917mo.av_- 11, 788
1918mo.av_- 10, 437
1919 mo. av- 17, 599

21, 387
26, 441
20, 636
30, 133
36, 850
65, 295
67, 495

1920 mo. a v- - 16, 863
1921 mo. a v- . 21, 964
1922 mo. av-_ 6,978
1923 mo. av- 4,744
1924 mo. av-- 4,117
1925 mo. a V. 5,729

1935
January
February- _ _
March
April

Short
tons

Dolls,
perlb.

Thousands of pounds

Thousands
of pounds

COLINUNCOA.
SEED SEEDOIL
NUT
OIL CAKE OIL

FLAXSEED

Minneapolis and
1> uI nth 7

Argentina

ExRe. Shipceipts ments Stocks ports Stocks
(*)
<•)

i

Shipments
from
Minneapolis 10

Con.
sumption
in
oleomargarines

Thousands of pounds

Thousands of bushels

117, 305
109,372
110, 445

$0 07
.07
.07
. 11
82, 238 .15
105, 437 .20
96, 213 .24

12 12, 102
12 12, 002
12 12, 151
12 12, 709
23, 937
661, 192
489, 442
29,217
30, 733
512, 148

11, 861
11, 798
11, 787
12, 404
19, 044
26, 877
29, 081

1,979
1,104
999
1,337
843
870
757

1,255
585
460
710
475
421
280

2,984
2,288
1,038
1,490
1,040
260
179

3,336
2,761
728
3,219 1,415
2,099 2,374
464
515
1,284 13 1, 520
2,087 2,617

15, 210
11, 868
9,862
10, 662
11, 158
9,271
10, 026

30, 166
20, 684
17, 188
18, 706
18, 428
15, 998
18, 473

71, 390
28, 499
53,298
52, 295
67, 641
55,368

100, 955
109, 099 11 1, 456
78, 290 1,239
83, 577
1,705
1,693
81, 002
116, 971 2,029

105, 656
102, 898
56, 438
59, 594
79, 461
69, 137

.15
.08
.10
.11
.11
.11

296, 219
299, 101
291, 979
334, 556
356, 043
488, 411

29, 957
17, 840
15, 396
18, 965
19, 294
19, 734

30, 014
17, 518
14, 969
18, 872
19, 156
19, 025

964
831
729
1,468
2,294
1,944

329
568
388
561
1,522
997

984
2,087
299
568
799
1,365

3,446
4,463
3,038
3,779
4,830
3,430

1,457
2,867
1,768
2,168
3, 433
3,517

7,856
8,157
8,156
10, 763
10, 958
13, 537

12, 069
15,068 11 5, 316
10, 790 4,480
17,062 6,326
17, 370 6,938
24,283 7,576

9, 454
4,880
5,392
2,702

59, 445
52, 617
79, 213
58, 556

210, 403
158, 014
116, 571
77, 717

2,230
1,783
2,040
1,860

123, 352
127, 423
88, 015
70, 313

.11
.11
.11
.11

900, 899
598, 021
323, 806
144, 235

19, 177
17, 288
19, 729
18, 941

19, 109
15, 846
20, 125
17, 090

1,481
859
780
489

497
425
391
253

1,322
1,036
767
635

2,519
2,520
1,947
2,561

2,800
3,000
3,200
4,400

14, 720
14, 468
14, 810
14, 043

31, 226
29, 847
20, 933
15, 680

7,642
6,698
7,301
7,099

May
_ _
June
July
August

3,269
5,657
2,525
3,486

49, 629
58, 950
44, 941
47, 316

44, 366
23, 953
10, 101
33, 846

1,808
1,636
1,794
1,652

44, 339
22, 363
4,847
18, 041

.11
.11
.11
.11

54, 688
27,885
32, 276
18, 954

17, 599
15,312
15, 809
17, 191

18. 542
14, 623
10, 704
17, 068

725
819
758
1,412

333
200
364
602

502
617
581
291

4,034
3,637
3,781
4,268

4,600
5,000
5,200
4,400

13,331
12, 681
9,380
10, 881

12, 332
15, 637
14, 624
24,490

6, 408
6,187
5,484
6,462

September..
October
November..
December ..

3, 923
8, 183
9, 635
9,640

32, 057
52, 179
59, 534
69, 975

142, 939
232, 566
233, 637
224, 230

1,893
2, 641
2,320
2,689

55, 972
91, 976
111, 333
119, 124

.11
776, 017
.10 1, 270, 770
.10 1, 364, 147
.11 1, 417, 188

19, 328
25,947
26, 275
24, 217

20, 057
25, 612
24, 974
24, 553

5,593
5,515
3,522
1,378

1,965
2,593
3,554
781

2,453
3,302
2, 488
2,391

3,576
5,135
4,212
2,974

4,000
1,800
1,800
2,000

13, 840
17, 769
14, 676
11, 848

24, 916
33, 958
35, 190
32, 563

7,804
10, 206
10, 612
10, 008

1926
January
February...
March
April

7,470
7,073
4,631
4,659

57, 657
57, 747
45, 890
58, 934

227, 433
188, 549
151, 633
94, 629

2,407
2,705
2,347
1,898

128, 967
121, 606
90, 621
58, 076

.11 1,099,371
.11 744, 296
.11 415, 277

22, 585
20, 721
22, 413
19, 793

21, 501
21, 481
21, 268
20, 445

513
379
533
474

320
422
292
308

2,026
1,719
1,370
1,167

6,214
6,887
7,441
6,214

4,000
4,600
5,200
6,000

12, 401
10, 545
11, 141
11, 061

26, 501
20, 330
10, 464
8,902

9,337
8,132
8,925
7,996

1,887
868

41, 365
58, 054

46, 688
216, 821

1,700

29, 471
15, 406

17, 719

16, 646

642
666

187
130

1,221
1,305

6,887
7,441
6,636

5,200
4,600

10, 182

8,075

6,713

Mav
June
July
August.

150,765

.12
.12
.15

53, 495
39, 240
1
II

September. _
October
November.December..
1 Exports include cottonseed, corn, and linseed oils, as compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2
Data on oleomargarine from U. S. Treasury Department, Bureau of Internal Revenue. Production data represent actual output while consumption figures represent
tax-paid withdrawals of both colored and uncolored oleomargarine, consisting of all withdrawals for domestic use except for the Government.
3 Imports of vegetable oils, from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include the following oils: Chinese nut, cocoa butter, coconut,
cottonseed, olive (inedible), olive (edible), palm, palm kernel, peanut, rapeseed, soya bean, and linseed. The figures for Chinese nut, inedible olive, and rapeseed oils,
which are reported in gallons, have been converted into pounds, allowing 7M pounds per gallon.
* Production and stocks of cottonseed oil and stocks of cottonseed at oil mills compiled by U. S. Department of Commerce, Bureau of the Census. Annual figures for
these items are monthly averages for cotton crop years ending July 31 of the year, indicated. Monthly data from 1920 appeared in May, 1922, issue (No. 9) page 87 for cottonseed oil and in August, 1922, issue (No. 12), page 94, for cottonseed stocks.
B Data from U. S. Treasury Department, Bureau of Internal Revenue, showing total consumption in the manufacture of oleomargarine, as ascertained from tax reports
Monthly
data from July 1921, together with figures for other ingredients consumed in the manufacture of oleomargarine are given in the March 1926, issue (No. 55) page 25.
6
Cottonseed-oil prices are averages of weekly quotations compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data from 1920 appeared in
May,7 1922, issue (No. 9) page 91.
Data on flaxseed at Minneapolis and Duluth from Northwestern Miller. Receipts and shipments are totals of weekly figures with first and last weeks of each month
prorated. Stocks are taken at the end of the week nearest the end of the month. Monthly data for 1920 appeared in August, 1922, issue (No. 12), page 94, the data for each
city 8being given separately through the February, 1925, issue (No. 42), page 89.
Data on Argentine exports from Boletin Mensual de Estadistica Agricola; current data from the Estadistica Agro-Pecuria, publications directed by the Argentine Minister6 of Agriculture. Figures are converted from original data in metric tons. Monthly data from 1920 appeared in October, 1923, issue (No. 26), p. 50.
Stocks of flaxseed in Argentine taken as of the end of the week nearest to end of month reported by the Oil, Paint and Drug Reporter.
10
Shipments of linseed oil and cake and meal from Minneapolis furnished by Minneapolis Chamber of Commerce.
n Six months' average, July to December, inclusive.
"3 Average forfiscalyear beginning July 1 of year stated.
i Ten-month average.




76

Table 56.—FATS, OILS, AND RAW MATERIALS
ANIMAL FATS, GREASES, AND DERIVATIVES
TOTAL ANIMAL FATS

TOTAL GREASES

EDIBLE
GELATIN 2

TOTAL DERIVATIVES

YEAR AND MONTH
Production

Consumption

Stocks,
end of
quarter

Con- Stocks,
Produc- sumpend of
tion
tion
quarter

Production

Consumption

Stocks,
end of
quarter

Production

Stocks,
end of
quarter

i

Thousands of pounds

1924
Jan. 1 to Mar 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31
1925
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31 _
1926
Jan 1 to Mar 31
Apr 1 to June 30
July 1 to Sept. 30
Oct 1 to Dec 31

|

367, 518
410, 676
473, 351
511,436
611, 277
611, 819
495, 961

144, 308
149, 276
154, 017
138, 982
140, 861
151, 955
141, 242

138, 071
183, 033
226, 668
175, 396
144, 350
161, 019
141, 535

69, 648
86, 384
85, 258
94,626
102, 238
98, 365
89, 788

51, 565
50, 273
45, 150
61, 249
67, 999
64, 735
59, 983

67, 374
69, 695
95, 407
53, 711
56, 748
47, 989
41, 794

264, 740
284, 478
340, 325
480, 906
482, 386
550, 745
693, 543

208, 804
204, 039
183, 764
227, 104
245, 689
268, 816
335, 256

183, 695
165, 241
174, 864
156, 808
142, 700
127, 371
130, 648

715, 222
635, 610
_ . 523, 273
573, 169

149, 645
147, 038
156, 892
154, 244

157, 995
211, 360
148, 881
125, 841

103, 162
102, 204
91, 529
96, 563

74, 612
66, 369
57, 873
60, 086

49, 609
51, 035
49, 253
42, 060

550,181
491, 492
502, 733
658, 573

290, 430
249, 776
245, 045
290, 111

139, 606
131, 009
111, 269
127, 598

593, 616
478, 809
405, 503
505, 919

155, 852
142, 698
141, 268
125, 152

183, 031
178, 686
101, 805
102, 618

98, 770
90, 127
82, 087
88, 169

57, 342
53, 826
64, 555
64, 210

37, 499
45, 713
42, 452
41,511

675, 613
613, 837
632, 156
852, 566

337, 150
278, 202
307, 288
418, 385

139, 230
135, 996
105, 470
141, 897

4,258
2,829
3 1, 440
4,OC9

578, 253

126, 987

186, 505

88, 801

65, 977

41, 783

870, 935

424, 646

210, 529

4,637

1919 quarterly average.
1920 quarterly average
1 921 quarterly average _ _ . _
1922 quarterly average
1923 quarterly average
1924 quarterly average
1925 quarterly average

3,305
3,541
3,134

4
9, 891
* 10, 454
4 9, 084

11, 271
8,931
7, 146
8,990

3

10, 104

RAW MATERIALS FOR VEGETABLE OILS
ANIMAL GLUES '
PEANUTSHULLED

COPRA

YEAR AND MONTH
Consumption

Stocks,
end of
quarter

Consumption

CORN GERMS

Stocks,
end of
quarter

Consumption

Stocks,
end of
quarter

FLAXSEED
Consumption

Stocks,
end of
quarter

Production

Tons

Stocks,
end of
quarter

Thousands of pounds

35, 426
2,980
2,931
2,581
1,250
2,250
4,862

11, 148
33, 184
2,001
319
392
630
1,097

42, 153
25, 276
21, 161
34, 674
46, 245
37, 353
40,175

22, 184
10, 665
5,869
10, 705
6,615
8,224
3,641

36, 645
36, 395
30, 830
36, 889
40, 143
53, 209
49, 032

842
536
448
491
548
890
467

172, 934
179, 382
182, 182
170, 371
239, 217
266, 615
287, 358

29, 853
74, 703
57, 409
42, 019
77, 268
93, 270
111,914

23, 660
25, 015
24, 924
24, 272

52, 442
50, 370

1924
Jan. 1 to Mar. 31
Apr. 1 to June 30 .
July 1 to Sept. 30
Oct. 1 to Dec. 31

1,348
1, 799
614
5,238

245
412
762
1,102

39,800
32, Oil
35, 641
41, 960

9,071
6,313
12, 113
5,399

55, 189
48, 873
53, 080
55, 682

435
2,296
498
329

268, 091
264, 138
211,392
322, 840

53, 916
33, 838
14, 875
270, 449

28, 701
24, 451
20, 178
26, 365

48, 888
51, 696
53, 211
55, 974

1925
Jan. 1 to Mar. 31
A pr. 1 to June 30
July 1 to Sept. 30 .
Oct. 1 to Dec. 31 . .

7,424
2,712
2,878
6,433

1,269
328
1,135
1,656

37, 947
36, 847
35, 584
50, 323

7,566
13, 822
9,473
12,832

47, 995
46, 250
42,832
59, 051

470
552
415
431

344, 493
255, 592
219, 006
330, 341

112, 410
63, 182
79, 361
192, 704

25, 403
23, 837
20, 603
27,246

53, 944
51, 849
48, 927
46, 761

4,578

1 290

48,520

6,225

64,880

589

298,231

97, 227

27, 609

44,854

1919 quarterly average
1920 quarterly average
1921 quarterly average
1922 quarterly average
1923 quarterly average
1924 quarterly average.
1925 quarterly average

1926
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

.
1

'

1 The figures given on this and the opposite page represent the movement of certain more important vegetable and animal fats and oils, as reported quarterly by the
17. S. Department of Commerce, Bureau of the Census. The data cover factory production, factory consumption, and factory and warehouse stocks, and present practically
complete reports for these products. The stock figures refer to the amount on hand at the end of each quarter. Quarterly data from 1920 appeared in August, 1923, issue
(No.2 36), pp. 115 and 119. Further details by classes of oils and fats are given on press releases.
Compiled by U. S. Department of Commerce, Bureau of the Census, covering the entire industry. Quarterly data on animal glues begin with 1924, and«on edible gelatin
with3 1925.

Certain reports missing which would make totals slightly larger.
4
http://fraser.stlouisfed.org/ Stocks on December 31.

Federal Reserve Bank of St. Louis

77

Table 57.—VEGETABLE AND FISH OILS
TOTAL REFINED
VEGETABLE OILS

TOTAL CRUDE
VEGETABLE OILS
YEAR AND MONTH

Production

Consumption

Stocks,
end of
quarter

Production

Consumption

Stocks,
end of
quaf ter

COTTONSEED OILCRUDE
Production

PEANUT OILCRUDE AND VIRGIN

Consumption

Stocks,
end of
quarter

Production

Consumption

Stocks,
end of
quarter

Thousands of pounds
!

1919
1920
1921
1922
1923
1924
1925

quarterly average
quarterly average
quarterly average
quarterly average . _
quarterly average
quarterly average
quarterly average

1924
Jan. 1 to Mar. 31 _
Apr. 1 to June 30 _ .
July 1 to Sept. 30
Oct. 1 to Dec. 31
1925
Jan. 1 to Mar. 31
Apr. 1 to June 30.
July 1 to Sept 30
Oct. 1 to Dec. 31

Jan.
Apr
July
Oct.

_.

1926
1 to Mar. 31_
1 to June 30
1 to Sept 30
1 to Dec. 31

578, 748
474, 776
504, 318
434, 658
505, 647
554, 950
660, 727

635, 803
511, 121
504, 034
459, 447
519, 273
576, 568
681, 077

506, 533
378, 498
332, 003
324, 227
308, 159
276, 696
343, 732

466, 795
344, 575
354, 760
266, 122
264, 017
333, 351
406, 449

357, 407
263, 612
283, 729
240, 124
230, 824
248, 979
348, 756

283, 591
352, 768
263, 529
223, 992
197, 604
194, 496
241, 777

357, 501
285, 347
317, 757
232, 600
242, 750
288, 196
376, 522

329, 038
283, 350
323, 940
221, 954
234, 098
291, 462
367, 250

111, 271
94, 597
88, 668
57, 301
61, 798
70, 772
71, 733

21, 902
3,271
9,683
5,599
1,563
1,658
3,963

53, 088
21, 267
10, 639
7,086
2,207
2,096
2,567

24,038
33,354
13, 453
3, 594
1,900
2,112
1,310

566,
350,
344,
958,

638
344
221
596

603, 908
459, 210
391, 898
851, 256

314,
232,
217,
342,

984
090
062
649

353,
227,
164,
587,

633
041
771
960

218, 989
213,004
242, 193
321, 729

251, 622
198, 849
72,298
255, 214

289, 928
95, 540
116, 817
650, 497

307, 742
185, 149
104, 709
568, 248

110, 115
23, 338
44, 116
105, 520

1,122
1,328
438
3,744

1,718
2,377
1,628
2,660

1,093
5,564
373
1,418

802, 192
402, 373
417, 715
1, 020, 627

813, 083
531, 093
460, 574
919, 558

377,
292,
275,
429,

415
822
656
034

521, 918
263, 632
216, 102
624, 145

316, 466
297, 331
354, 963
426, 262

401, 039
295, 618
82, 187
188, 263

484, 063
144, 568
187, 023
690, 433

495, 447
222, 938
153, 169
597, 446

89, 168
22, 669
55, 972
119, 124

5,265
4,091
1,974
4,522

3,457
2,168
1, 545
3,096

1,531
1, 319
845
1,545

876, 906

910, 626

484, 717

577, 771

376, 379

330, 915

567, 615

592, 700

90, 621

4,001

2,791

1,115

COCONUT OR COPRA
OIL— CRUDE

YEAR AND MONTH

Production

Consumption

Stocks,
end of
quarter

1

CORN OIL—CRUDE

Production

Consumption

Stocks,
end of
quarter

LINSEED OIL

Production

TOTAL FISH OIL

Consumption

Stocks,
end of
quarter

Production '

Consumption

Stocks,
end of
quarter

Thousands of pounds

quarterly average
quarterly average .quarterly average .
quarterly average
quarterly average
quarterly average
quarterly average

53, 886
32,805
28, 247
46, 381
58, 980
48, 044
51, 901

105, 564
73, 525
60, 274
75, 721
90,377
99,954
96, 840

155, 220
93, 277
73, 143
111,401
72, 689
48, 919
48,379

24, 350
24, 655
21, 870
26, 623
27, 836
29,266
26, 038

22, 408
22, 692
17, 987
25, 369
25, 753
28, 583
25, 546

8,027
6,589
7,093
7,236
6,957
6,772
6,286

113, 232
121, 318
120, 703
114,361
163, 391
176, 397
189, 962

47, 286
53, 551
59,706
85,754
95, 169
96,127
102, 935

65, 425
78, 4^7
99,611
100, 718
85, 549
81, 482
130, 026

8,230
16, 507
12, 490
19,008
2 21, 326
17, 271
22, 076

9,791
12,046
19, 559
29, 446
29, 675
29,067
38,602

44,609
45, 225
52, 873
46,684
43, 228
46, 105
56, 226

1924
Jan. 1 to Mar. 31
Apr. 1 to June 30
July 1 to Sept. 30 _ .
Oct 1 to Dec. 31__

52, 684
38, 566
46, 971
53, 954

105, 719
86, 670
106, 119
101, 307

51, 265
52, 948
39,900
51, 566

32, 986
26, 663
29, 835
27, 580

31, 704
26, 322
30, 395
25, 912

7,535
6,450
5,169
7,935

177, 583
176, 187
139, 862
211, 954

97, 846
100, 325
90,521
92, 814

87, 764
74,372
66,773
107, 019

5,444
8,071
31, 797
23, 772

24, 642
27, 522
31,467
32, 635

43, 748
44,400
48, 720
47, 550

1925
Jan. 1 to Mar. 31
Apr. 1 to June 30..
July 1 to Sept. 30 . ...
Oct. 1 to Dec. 31

49, 531
47, 521
46,135
64, 418

95, 375
82, 210
101, 161
107, 614

61, 139
49, 701
36, 338
46, 339

25, 939
23,326
24, 452
30, 436

30, 512
19, 413
24,960
27, 297

4,392
6,560
6,, 239
7,951

225, 568
169, 980
146, 306
217, 992

109, 898
109, 271
98,448
94, 122

151, 136
126, 888
86, 437
155, 642

16, 562
8,673
44,229
18, 839

41, 898
35, 553
34,756
42,200

37, 874
55,086
73, 574
58, 368

63, 089

87, 039

62, 692

33, 930

32, 035

10, 266

194, 607

98,905

190, 421

7,377

32, 474

35,456

1919
1920
1921
1922
1923
1924
1925

1926.
Jan. 1 to Mar. 31
Apr 1 to June 30
July 1 to Sept. 30
Oct. 1 to Dec. 31

1 Data reported quarterly by the V. S. Department of Commerce, Bureau of the Census. The data cover factory production, factory consumption, and factory and warehouse stocks, and present practically complete reports for these products. The stock figures refer to the amount on hand at the end of each quarter. Quarterly data from
1920 2appeared in August, 1923, issue (No. 36), pp. 115 and 119. Further details by classes of oils are given on press releases.
Yearly figure on fish-oil production obtained from the annual data of the U. S. Department o) Commerce, Bureau of Fisheries, which does not agree with the sum of
the quarterly figures collected by the Bureau of the Census.




78

Table 58.—CROP PRODUCTION 1
[Base year in bold-faced type]
WHEAT
CORN
Winter

Spring

BABLEY

OATS

Total

BYE

TOTAL
BBEAD
GBAINS

BICE

POTA- APPLES HAY,
(total) TAME
TOES

TOTAL
VALUE
OF
CBOPS 2

YEAR AND MONTH
A.— RELATIVE NUMBERS
Relative to 5-year average, 1909-1913
1909-1913 average
1914 final estimate
1915 final estimate
1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate
1920 final estimate

100
155
153
109
94
128
172
138

100
84
144
64
91
145
85
91

100
119
149
93
93
134
141
121

100
99
111
95
113
92
104
118

100
101
137
111
141
136
105
132

10O
107
126
100
116
141 i
81
104

10O
123
155
140
180
261
216
173

10O
104
123
99
117
112
110
122

10O
99
121
171
145
161
175
218

1OO
115
101
80
124
115
91
113

100
143
130
110
94
96
81
127

100
106
130
138
126
116
131
133

100
107
121
159
236
251
270
191

1921 final estimate
1922 fin al estimate
1923 final estimate
1924 final estimate
1925 final estimate
1926 final estimate

136
133
130
134
90

88
115
92
111
99

119
126
116
126
97

113
107
113
85
107

95
107
115
135
137

85
100
109
98
120

177
296
181
184
139

109
111
114
104
108

157
173
141
135
142

101
127
117
119
91

56
115
115
97
93

125
145
135
148
131

99
137
153
161
151

B.— NUMERICAL DATA
YEAB AND MONTH

Thous.
of tons

Thousands of bushels

Millions
of dollars

1909-1913 average
1914 final estimate
1915 final estimate -.i_1916 final estimate
1917 final estimate
1918 final estimate
1919 final estimate
1920 final estimate

441, 602
684, 990
673, 947
480, 553
412, 901
565, 099
760, 677
610, 597

245, 059
686, 697
206, 027 891,017
351,854 1,025,801
155, 765 636, 318
223, 754 636, 655
356, 339 921, 438
207, 602 968, 279
222, 430 833, 027

2, 708, 334
2, 672, 804
2,994,763
2, 566, 927
3, 065, 233
2, 502, 665
2, 816, 318
3, 208, 584

1, 131, 175
1, 141, 060
1; 549, 030
1, 251, 837
1, 592, 740
1, 538, 124
1, 184, 030
1, 496, 281

181, 886
194, 953
228, 851
182, 309
211, 759
256, 225
147, 608
189, 332

34, 916
42, 779
54, 050
48,862
62, 933
91, 041
75, 542
60, 490

4, 743, 008
4,942,613
5, 852, 525
4, 686, 253
5, 569, 320
5, 309, 493
5, 191, 777
5, 787, 714

23, 926
356, 627
23, 649 409, 921
28,947 359, 721
40, 861 286, 953
34, 739 442, 108
38, 606 411, 860
41, 985 ' 322,867
52,066 403,296

176, 482
252, 200
230, Oil
193, 905
166, 749
169, 625
142, 086
223, 677

65, 987
70, 071
85, 920
91, 192
83,308
76, 660
86, 359
87, 855

$5, 702
6,112
6,907
9,054
13, 479
14, 331
15, 423
10, 909

1921
1922
1923
1924
1925
1926

600, 316
586, 878
571, 959
589, 632
398, 486

214, 589
280, 720
225, 422
272, 995
270, 879

814, 905
867, 598
797, 381
862, 627
669, 365

3, 068, 569
2, 906, 020
3, 053, 557
2, 312, 745
2, 900, 581

1, 078, 341
1, 215, 803
1, 305, 883
1, 522, 665
1, 501, 909

154, 946
182, 068
197, 691
178, 322
218, 002

61, 675
103, 362
63, 077
64, 038
48, 696

5, 178, 436
5, 274, 851
5, 417, 589
4, 940, 397
5, 338, 553

37, 612
41, 405
33, 717
32, 249
33, 959

361, 659
453, 396
416, 105
425, 283
323, 243

99,002
202, 702
202, 842
171, 250
164, 616

82, 379
95, 882
89, 250
97, 771
86, 474

5,630
7,816
8,727
9,183
8,612

509, 319
542, 551

183,831
197, 461
224, 767
247, 404
266, 456
266, 456

693, 150
740, 012
813, 767
836,404
855, 456
855, 806

2, 515, 385
2, 576, 440
2, 512, 888
2, 458, 809
2, 477, 538

1, 231, 728.
1, 356, 338
1, 439, 041
1, 486, 412
1, 509, 409
1, 509, 409

160, 070
170, Oil
184, 170
194, 445
200, 958
200, 958

62, 461
64,800
65,800
65, 800
65, 800
65, 805

3 4, 662, 794
4, 846, 548
5, 078, 800
5, 095, 949
5, 090, 432
5, 109, 516

35,800
33, 256
32, 377
32, 292
32,292

373, 000
398, 821
412, 761
423, 508
454, 119

196,000
196, 770
178, 640
174, 870
177, 238

90,100
89,098
88, 500
95, 100
95, 100

415, 697
415, 697
415, 697
415, 697

253, 729
275, 739
262, 749
283, 872
281, 575
281, 575

660,855
679, 590
678, 446
699, 569
697, 272
697, 272

3, 095, 176
2, 950, 340
2,885,108
2, 917, 836
3, 013, 390

1, 295, 456
1, 292, 101
1, 387, 349
1, 461, 945
1, 470, 384
1, 470, 384

204, 687
208, 475
213, 596
221, 713
226, 786
226, 786

53, 317
54, 104
51, 768
51, 768
51, 768
51, 968

5, 309, 521
5, 329, 446
5, 281, 699
5, 320, 103
5, 364, 046
4, 762, 528

38,100
36,200
35, 284
35, 810
35, 810

349, 566
353, 266
344, 391
344, 227
346, 503

156, 942
161, 148
162, 198
164, 042
171, 264

82,500
78,400
77, 700
81,200
85,700
85, 700

543, 300
567, 762

199, 595

2, 660, 780

1, 334, 260

190, 959

41, 131
39, 666

39,600

334, 044

208, 412

,77,800

final
final
final
final
final
final

estimate
estimate
estimate
estimate
estimate
estimate

1924
June estimate
July estimate
August estimate
September estimate
October estimate
November estimate
1935
June estimate
July estimate
August estimate
September estimate
October estimate
November estimate
1926
June estimate
July estimate
August estimate
September estimate
October estimate
November estimate

589,000
589, 000

589,000
589,000
407, 156

403,851

1
Yearly figures represent the latest revised estimates of total production for the year as reported by the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly figures are estimates of the current year's crop as made during the first week of that month. The estimates made in December of each year are subject
to revision
in the final.estimate made in December of the following year.
3
Estimated total value of all crops based on prices at the farm on Dec. 1.
3
June figures for total bread grains include corn as estimated on July 1.




i9

Table 59.—WHEAT FLOUR
GBINDINGS
OF WHEAT

FLOUR
MILLS

PRODUCTION

United States
YEAR AND MONTH

United
States i
( Census}

Canada a

Actual i Prorated 3
( Census) (JRussdl)

Thousands of bushels

Canada 2

Grain
offal i

Capacity
operated 1

CONSUMPTION

Whole
All posale
sitions,
end of
(computed ) 3 month

Per
cent

Thousands of barrels

STOCKS

9,703
9,338
9 919
9,815
9,317
11, 091

8,156

1920
1921
1922
1923
1924
1925

9, 288
8,943
8,649

9,146
10, 102
10, 466
10, 480
11,047
10, 432

1,422
1,559
1,661
1,547

8, 237
8, 569 9,291
9,223
9,719
9,505

1934
May
June
July
_
August
September .
October
_
November
December

-.
_
___

1925
January
February
March
April
May
June
July _
August
September
October
November
December

. __..

__ _

_ _.

1936
January
February
March _
April

._
__

Mav
June
July
August
September
October..
November
December

7

United
States *

Canada 5

Thousands of barrels

1913 monthly average
1914 monthly average. _
1915 monthly average
1916 monthly average
1917 monthly average. _
1918 monthly average
1919 monthly average
monthly average, _
monthly average
monthly average
monthly average- _ .
monthly average, _.
monthly average

EXPORTS

WHOLESALE
PRICES «

Standard
Winter
pat- straights
ents Kansas
MinneCity
apolis
Dollars per barrel

9,433

1,023
1,064
1,305
1,198
1, 161
1,809
2,204

408
389
464
660
731
839
839

$4.58
5.10
6.66
7.26
11.39
(8)
12.00

$3.85
4.13
5.61
6.09
10.55
10.30
10.70

8,943
7,148
7.228
7,701
7,344
7,046

1,654
1,400
1,252
1,359
1,333
927

394
606
790
928
956
860

12.68
8.34
7.30
6.38
7.18
8.83

11.58
7.05
6.14
5.36
5.98
7.67

42, 872
41, 277
39, 836

6,386
6,886
7,418
6,940

36,688
36, 293
39, 272
45,434

8,361
6,333
6,061
6,409

7,896
7,797
8,465
9,842

9,765
9,332
10, 395
11, 812

1,881
1,413
1,354
1,426

660, 271
651, 532
696, 582
799, 698

47
48
50
58

9,089
7,759
8,717
10, 598

6,400
6,800
7,400
7,500

977
1,174
789
949

1,057
903
613
626

6.64
6.86
7.49
7.54

5.47
5.58
5.83
6.23

47, 857
51, 863
41, 982
40, 428

Tr745
9,558
7,644
6,473

10, 459
11,371
9,187
8,855

13, 798
13,404
11, 665
11,007

1,737
2,143
1,708
1,440

823, 390
977, 381
719, 164
695,925

64
65
59
53

11, 160
11, 107
11,468
10, 555

8,675
9,100
7,700
6,700

1,463
1,852
1,616
1,452

967
1,145
905
828

7.44
8.01
8.16
8.90

6.07
6.67
6.87
7.79

45, 010
37, 720
33, 548
31,066

7,692
7,037
7,552
5,585

9,853
8,248
7,347
6,781

11, 705
10, 189
9,297
8,185

1,698
* 1,557
1,668
1,244

762,489
648, 197
576, 955
536, 263

58
53
43
40

10, 017
9,801
8,360
7,431

7,400
6,850
6,400
6,200

988
939
1,387
955

875
834
1, 385
710

9.69
9.85
9.04
8.25

8.81
8.67
7.97
7.04

31, 874
35, 526
40, 651
42, 818

4,562
5,611
5,960
4,663

6,942
7,745
S, 840
9,292

8,151
8,917
10, 377
11,049

1,015
1,239
1,340
1,029

553, 750
621, 141
708, 349
754, 446

43
46
52
56

7,969
7,877
7,801
10, 676

5,700
5,900
7,700
7,400

690
820
775
874

482
596
815
685

8.87
8.53
8.65
8.83

7.22
7.51
6.95
7.57

45, 952
49,799
42, 416
41,656

7,143
10, 181
9,499
7, 794

9,938
10, 728
9, 128
8,948

12, 501
13, 165
10, 869
10, 783

1, 601
2, 308
2,127
1, 738

833,270
907, 390
769, 373
756, 198

62
61
56
53

10,701
12,655
10, 101
10,676

8,400
7,900
7,800
6,900

800
1,012
872
1,009

661
1,022
1,210
1,042

8.31
8.26
8.54
9.18

7.43
7.41
7.61
7.89

40, 358
34, 573
38, 027
35,234

6,347
6, 461
7,249
6,367

8,679
7,429
8, 289
7,539

10, 287
8,811
9,901
8,817

1,422
1,440
1,609
1,416

728, 335
625, 503
• 685,314
633, 082

54
50
47
45

9,513
8,635
9,707
7,584

7,000
6,600
6,100
6,500

676
647
695
834

717
842
1,302
682

9.41
9. 14
8.81
8.76

8.34
8.00
7.88
7.51

34, 602 .... 6,621

7,409

1,491

625, 297

44

679
667

726

8.49
8.68

7.40
7.34

7

_

7

762, 180
734, 824
702, 318

7

56
54
52

*»

_

-•* ""

i Compiled by U. S. Department of Commerce, Bureau of the Census, from reports of over 1,000 mills each month, which produced about 84 per cent of the flour manuuieu.
1111921,
JL»^-L,according
iHA/uiuiiigto
LLJthe
tiioCensus
v^eiiouoof
uiManufactures.
iviaiiuiautuicB.
factured
in
2
Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom
mills. The detailed reports of Canadian milling statistics also contain data on otherr grains as
'
, , . , , ,data
. . through
.
as well as a division into eastern and' western territory.
Monthly
1922, 3 appeared in May, 1925, issue (No. 45), page 27.
Reported by U. S. Grain Corporation prior to July, 1920, covering practically the entire industry; beginning with July, 1920, from Jtussell's Commercial News, the
production and stock figures being prorated to 100 per cent from representative current data bearing a known relation to the total figures. Stocks represent flour in all
positions. Consumption is calculated from production, stocks, exports, and imports. Monthly production figures from January, 1914, are given in the October, 1922, issue
(No. 4 14), page 47.
Exports of flour from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
8
Exports of flour from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics.
6
Wholesale prices from U. S. Department of Labor,'Bureau of Labor Statistics, represent averages of weekly quotations. Monthly figures from 1920 appeared in May,
1922, 7 issue (No. 9), p. 91.
Average
for last six months of year.
8
No quotations.




80

Table 60.—WHEAT AND CORN
WHEAT

CORN

i

Visible supply i

Fv

Wholesale
prices J

Exports

nortss
ports

Wholesale
prices6

i
Ship- United States s CanShip- Grind- Corn, Cash,
ReVisible
Rea d a 4 No. 1, No. 3, supply
CO 11i ceipts 2 ments - ings 6
ceipts * ments 2
northini
red
tract,
United Canada
ern winter,
clud- grades
Includspring,
States
ing
ChiWheat
ing
Wheat Chi2,
corn No.
only wheat only
Chicago cago
meal
flour
cago

YEAR AND MONTH

Thousands of bushels
1913 monthly av
1914 monthly av
1915 monthly av _
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

__ .

] 920 monthly av . .
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

50, 802
57, 379
38, 155
65, 974
30,393
51, 051
78, 231

32, 665
32, 604
32, 173
61, 055
47, 831
25, 871
32, 750

41, 987
36, 795
37, 131
57, 601
70, 407
51, 241

24, 583
36,516
56, 510
63, 693
70, 359
63, 749

21, 619
32, 517
31, 493

14, 198
16, 335
19, 919

8,292
14, 432
17, 161
12, 838
8,850
9,265
12, 341

27, 038
36, 369

23, 252
24, 318
23, 107
18, 038
29, 891
21, 182

18, 191
23, 338
13, 724
8,211
13, 859
7,700

18,861

35,009
32, 363
40, 878
27, 993

Dolls, per bu.

Dolls,
per bu.

Thousands of bushels

12, 897
19, 277
23, 034
18, 230
14, 072
17, 405
22, 259

8,378
10, 540
5,993
13, 145
15, 804
12, 533
3,484

$0.91
1.04
1.34
1.24
2.32
2.42
2.56

$0.99
1.01
1.31
1.35
2.28
2.21
2.34

11, 117
11, 486
16, 210
12, 736
6,122
10, 266
4,101

21, 158
17, 447
24, 774
14, 995

25, 636
29, 639
19, 359
14, 327
19, 861
11,306

6,498
10, 776
11, 374
17,923
21,406
18, 529

2.60
1.47
1.28
1.16
1.31
1.67

2.52
1.44
1.24
1.17
1.28
1.77

6, 254
20, 686
25, 137
11, 660
12, 870
16, 981

17, 985
28, 409
32, 814
22, 642
23, 179
18, 887

10, 233
13, 525
8,845

4,195
3,817
4,664
5,276
4,952
6,142
5, 411

3,910
1,418
4,185
4,603
4,751
3,922
1,334

$0.63
.70
.73
.83
1.64
1.61
1.60

9,653
18, 949
21, 552
14, 211
14, 033
11, 261

5,055
4,875
5,566
5,513
6,279
5,855

1,769
11,015
13, 844
3,724
1,681
1,122

1.41
.58
.62
.82
.97
1.04

i

1924
May
June
July
August..

45, 258
36, 496
43, 779
76, 537

62,299
44, 932
31, 306
19, 789

15, 368
16, 410
35, 074
92, 987

16, 646
13, 714
16, 302
52, 826

2,811
4,975
4,049
16, 835

7,206
10, 258
7,600
21, 106

41,228
24, 075
16, 135
8,184

1.18
1.12
1.40
1.36

1.07
1.12
1.25
1.32

13, 480
9, 184
5,475
5,612

16, 131
17, 415
18, 225
19, 340

17, 546
14, 505
11, 205
10, 749

5,027
5,621
5,835
6,433

1,853
1,017
654
782

.78
.84
1.06
1.17

88,291
96, 528
105, 533
96, 114

13, 501
52, 099
76, 740
79, 221

82, 075
88, 022
60, 503

32, 662
45, 128
27,831
17, 791

39,244
53, 536
35, 103
24, 325

10, 268
14,288
26, 982
29, 847

1.35
1.49
1.53
1.69

1.34
1.53
1.57
1.77

6,400
8,497
8,072
19, 693

21,428

36,293

58, 482
72, 066
50, 151
32, 651

28,953

11, 937
11, 826
7,126
9,365

6,368
6,926
5,433
5,520

802
729
932
571

1.16
1.11
1.13
1.23

81,796
74, 167
63, 327
47,864

79, 341
76, 187
75, 048
58, 212

24, 734
19, 923
17, 260
10, 422

19, 864
16, 168
18, 367
14, 226

8,484
7,387
9,961
8,304

12, 930
11,613
16,203
12, 722

6,103
4,146
4,423
4,953

1.91
1.84
1.69
1.55

2.01
1.98
1.77
1.70

28,812
34, 199
36, 526
25, 253

37, 038
21, 274
24, 916
10, 224

14,290
12, 270
13, 692
14, 243

6,751
6,198
5,672
5,240

896
704
89
1,109

1.27
1.24
1.17
1.08

36, 911
30, 420
33, 248
38, 167

48, 744
40, 087
22, 513
7,586

17, 659
21, 866

21,067

June
July
August

9,870
7,070
9,288
9,901

12, 975
10,760
8,777
11,832

14,883
9,784
13,097
15, 336

1.68
1.62
1.59
1.64

1.89
1.82
1.59
1.68

18, 676
16, 040
6,832
7,135

11, 566
17, 860
9,891
17, 774

10, 058
13, 676
10, 697
9,373

4,983
5,498
4,430
5,567

843
964
844
849

1.14
1.10
1.07
1.05

September .__ _ . .
October.
November
December

54, 543
49, 651
49, 774
55,024

58,366
76,239
103, 584
119, 077

9,391
4,354
4,696
3,695

12,092
8,910
8,621
8,235

15, 876
41, 896
34, 840
57,008

1.56
L55
1.61
1.77

1.67
1.64
1.71
1.80

5,912
2,209
3,077
19,095

12, 583

8,318
8,693
7,692
12,131

5,902
7,037
6,497
6,489

1,240
1,292
1,210
3,428

.92
.83
.84
.80

1926
January _
February
March.. . .
April

49, 473
44,686
37, 385
30,780

5,452
4,613
6,900
6,285

13,199
14,002
14, 710
5,526

1.84
1.77
1.63
1.67

1.87
1.85
1.68
1.69

29,519
35,688
59,650
34, 937

10,268
9,906
9,566
9,927

7,191
6,709
7, 431
5,611

4,823
2,918
2,270
2,210

.80
.77
.74
.73

20, 125
13,273

12,423
11,076

18, 979
27, 792

1.64
1.53

1.66
1.48

27, 469
32, 279

12,497
11,- 124

5,490
6,314

1,865
1,831

.72
.72

September
October
November.
December

__

_

1925
January
February. _ _ .
March
April

_-..__
_

May. . .

May
June
July. .
August...

September
October .
November
December

.

.

41,783
43, 342
57, 862

36,045

17, 719
22, 693
27, 652

28,151
24,508

34,897

22, 324
22, 448

111, 121
106, 748
100, 446
94,500

21,640
16,188

12,358
9,874

15, 101
14, Oil

11, 465

10,290

2,411
1,700
3,773
2,533

66, 521
53, 173

15, 663
21, 058

19, 605
15, 748

9,368
8,074

34, 127

19, 511
15, 223

12,881
18, 456
32, 180

30,851
25,596
19,994
13, 166

11,731
24, 306

1

..

.,

1

-

'

ii
]|

"

12 Data from Bradstreet's representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc.
At principal primary markets, as compiled by the Chicago Board of Trade and reported by the Price Current Grain Reporter.
8
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly figures from 1920 appeared in May, 1922, issue (No. 9), p. 88. Wheat
flour4 has been converted to wheat equivalent at 4V£ bushels to the barrel, while corn meal has been converted at 4 bushels to the barrel.
Exports
from Canada from Canadian Department of Trade and Commerce, Dominion Bureau of Statistics.
8
From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.
6
Qrindings of corn by the wet process in the manufacture of cornstarch, glucose, etc., compiled by the Associated Corn Products Manufacturers from reports of 11 firms,
comprising the practically entire industry. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43. •




81

Table 61.—OTHER GRAINS
BARLEY

RYE

WholeCanada «
ExReResale
Exports,3
ceipts
Exports, prices, ceipts
Exports, Wholeports,
WholeReceipts
sale
includat
at
includ- prices,
at
includ- by saminclud- sale
Producing
prin- Visible
ing
ing ple, fair prinprinVisible
ing
prices,
Visible
tion,
No. 2
flour
cash,
cipal supply 2 flour to good, cipal
supply 6 flour
supply
2
cipal
oatcash,
oatmeal
Grindand
interior
as
interior1
Chias
malt- interior
meal
Chi- 4 markets
ings
and
meal as
margrain s
margrain * cago
as
cago <
ing,
rolled
grains
Chi-4
kets*
kets i
grain 3
oats
cago

YEAR AND
MONTH

Thousands of bushels

Per
bushel

Thousands of
bushels

1913
1914
1915
1916
1917
1918
1919

mo.
mo.
mo.
mo.
mo.
mo.
mo.

av
av
av.__
av
av
av _
av

9,058
7,435
8, 885
9,438
6,907
6,118
7,746

5,021
5,241.
4,071
5,040
4,818
4,483
8,708

1,461
554
2, 21-1
1,874
1,488
1,897
3,369

$0.63
.62
.70
.87
1.32
1.31
1.22

1,294
1,648
1,809
1,936
1,912
2,777
3,988

1920
1921
1922
1923
1924
1925

mo.
mo.
mo.
mo.
mo.
mo.

av
av
av
av. _
av
av

3,815
3,321
3,367
3,904
5,207
5,517

3,438
2,913
2,002
2,352
2,498
3,974

1,489
2,153
1,536
984
1,477
2,381

1.26
.64
.63
.66
.82
.85

3,712
2,573
5, 353
3,683
5,414
2,489

1924
Januarv
February
March
_ __
April

2,916
3,381
2, 993
2,804

2,495
1,764
1,593
849

299
613
969
706

.71
.74
.75
.80

May
June
July
August.

2,204
3,972
1,498
3,791

768
471
293
863

448
513
1,054
1,396

13, 965
12, 296
7,258
5,405

4,700
5,209
5,481
5,484

1925
January
February
March
_
April _

4,940
4,210
3,359
2,038

May
June . . . .
July
August

September
October
November
December. _ „

September
October
November
December

__.

1926
January
February .
March
April
May
June
July.
August

TOTAL
GRAINS

OATS

Per
bushel

Per
bushel

Thousands of bushels

Thous.
of bus.

Thous.
oflbs.

Thous.
of bus.

13, 018

155
189
1,138
1,320
1,224
1,359
3,375

$0.64
.77
1.09
1.11
1.87
1.94
1.53

20, 694
22, 200
22, 651
27, 299
24, 844
28, 335
19, 264

22, 907
24, 390
20, 481
30, 336
23, 493
22, 703
22, 898

3,018
223
8,993
8,791
9,370
10, 815
5,551

$0.38
.42
.50
.46
.64
.78
.70

20, 764
13, 973
39, 560
34, 817
30, 903
35, 406
35, 878

7,323
2,785
5,516
14, 017
16, 288
10, 339

4,938
2,512
3,985
2,667
3,082
2,408

1.87
1.21
.89
.75
.92
1.13

17,800
17, 880
19,063
19, 974
22, 046
19, 512

17, 609
50, 863
49, 317
19, 637
30, 675
58, 755

1,357
698
2,979
966
694
3,109

.80
.39
.40
.44
.51
.47

821
821
1,053
855

9,610
10, 322
15,362
11, 098

35, 191
46, 002
41, 672
22, 668
26, 817
20, 796

1,807
1,938
1,677
960

17, 403
18, 939
19, 886
19, 247

821
402
365
2,147

.73
.72
.69
.66

16, 208
18, 778
16, 771
13, 769

18, 712
19, Oil
17, 739
11, 568

639
485
323
185

.47
.49
.48
.49

1,275
1,098
1,139
857

20,104
16, 548
16, 582
11, 350

17, 066
15, 061
15, 059
13,606

.76
.78
.83
.85

2, 488
1,674
4,954
4,736

16,978
15, 113
11, 603
13, 303

1,999
3,732
1, 332
1,497

.67
.73
.86
.92

13, 737
14,003
10, 510
27, 561

7,427
6,322
3,922
13, 210

137
177
233
217

.49
.50
.56
.53

905
857
1,085
957

13, 083
13, 452
16, 652
14, 798

11,643
15, 696
11,090
24, 998

1,955
5,315
2,710
1,744

.87
.91
.86
.94

14,291
17, 708
8,932
3,802

12, 311
14, 174
17, 965
18, 532

11, 579
10, 927
1,323
856

1.02
1.28
1.31
1.40

55, 710
39, 149
18, 620
19, 738

50,690
71, 157
71, 997
76, 343

662
2,735
1,366
1,171

.50
.52
.52
.60

1,010
1,097
1,218
1,134

15, 157
15, 945
16, 199
14, 467

54,242
73, 243
41, 433
28,668

3,939
3,850
3,834
2,773

1,522
881
864
934

.97
1.00
.92
.88

2,134
2,823
833
1,506

13,122
19,499
18, 168
11,411

1,208
944
2,408
10, 749

1.59
1.58
1.35
1.12

23,474
14, 110
12, 851
11, 679

77, 579
76, 519
67,509
50,995

934
843
1,006
917

.60
.57
.49
.45

879
659
689
672

11, 159
7,133
7, 469
7,358

17, 538
14,984
21, 376
26, 310

2,662
3,382
3,086
11,929

1,809
1,657
1,099
3,367

1,608
667
1,940
4,564

.88
.89
.88
.81

4,554
889
403
1,939

8,507
7,181
3,357
3,688

5,795
1,627
3,794
1,036

1.19
1.09
.98
1.07

11, 845
17,363
16, 591
48, 399

37,520
37,530
28,020
54, 715

3,908
2,398
4,292
7,073

.48
.51
.48
.42

594
667
667
727

6,898
8,449
8,581
9,347

25, 130
16, 416
23,647
25,354

14,993
6,445
4,791
4,364

6,036
5,642
6,422
7,257

9,103
3, 043
2,493
958

.75
.74
.72
.72

6,639
3,304
2,598
2,243

7,382
9,290
10, 533
11,945

1,054
127
62
95

.88
.84
.86
1.04

29,243
18, 918
14,094
15,582

69,960
69, 216
68,739
66,762

6,279
4,744
2,443
2,466

.40
.40
.40
.42

1,062
1,197
1,257
1,192

15,043
17, 782
17,704
16,252

30,668
18, 116
14,829
15, 182

3,034
2,588
2,958
2,528

6,971
7,919
6,322
4,431

783
311
436
734

.72
.70
.66
.69

1,520
1,082
1,032
1,301

6,236
5,871
13, 079
13, 271

197
186
369
1,424

1.05
.97
.84
.89

14, 948
11, 128
U, 622
13, 762

66,284
21,896
56, 217
48, 704

1,447
873
810
3,043

.43
.41
.41
.42

996
894
904
764

13,994
11, 898
11, 205
9,523

12, 702
8,901
10, 785
13, 696

3,058
3,104

3,293
2,835

996
1,352

.69
.68

1,364
1,202

9,984

3,219
1,085

.84
.91

12, 378
13, 400

39, 995
38,768

3,255
2,479

.42
.41

589

6,990

21, 758
17, 823

_.

September _
October
November
December
1
Receipts of oats compiled by Chicago Board of Trade and reported by Price Current Grain Reporter, while receipts of barley and rye are compiled by the Federal Reserve
Board
from receipts at 17 interior centers. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
s
Data from Bradstreet's, representing stocks carried on Saturday nearest end of month at terminals, elevators, warehouses, docks, etc. Monthly data from 1913 appeared
in November, 1925, issue of the SURVEY (No. 51), p. 23.
'
'
a Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 88. Barley
flour converted at 5.5 bushels to the barrel, oatmeal at 5.21 bushels to 100 pounds, and rye flour at 6 bushels to the barrel.
4 From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.
* Compiled by the Dominion Bureau of Statistics, Internal Trade Branch, covering merchant mills having a capacity of about 120,000 barrels per month, and also custom
mills. The detailed reports of Canadian milling statistics also contai n data on other grains as well as a division into eastern and western territory. Monthly data from
1922 0separating oatmeal and rolled oats appeared in May, 1925, issue (No. 45), p. 27.
Compiled by the Federal Reserve Board, Division of Research and Statistics, representing stocks held in elevators and warehouses at 11 interior centers and 8 seaports..
Monthly data from 1919 appeared in the May, 1926, issue of the SURVEY (No. 57), p. 29.

433°—26



6

.

82

Table 62.—RICE, FRUITS, VEGETABLES, AND HAY
RICEi
Paddy at
California
warehouses
YEAR AND
MONTH

Stocks,
end of
month

Shipments

Southern
paddy

Receipts
at mills

Shipments
Total
movement
to mills

Total
from
mills

New
Orleans

Domes- Imports Exports
tic at
mills
and
dealers

Pockets of 100 pounds

Barrels or sacks of 162 pounds

Car-lot shipments 2

Receipts

Thous.
ofbbls.

Number of carloads

Tons

757, 281
1, 021, 642
872, 667
682, 788
811, 658

191, 510
193, 597
212, 140
179, 760
222, 059
446, 741
136, 090

23,004
41,904
56, 327
109, 114
172, 990
139, 944
314, 063

1,800
1,752
1,865
1,940

6,950
4,754
5,737
6,796

468, 036
640, 627
591, 159
633, 910
609, 477

479, 349
652, 912
642, 918
699, 754
611, 661

1, 172, 184
386, 862
254, 002

639, 610
796, 277
837, 657
659, 645
707, 425
494, 586

3 994, 249
896, 093
560, 607

554, 723
957, 589
797, 973
687, 198
691, 376
536, 989

222, 175
318, 147
275, 358
223, 472
156, 446
133, 944

1,287,057
1,291,023
1, 253, 992
1, 343, 655
1, 142, 799
895, 170

109,706
63, 532
52, 946
40, 105
31, 728
56,272

327, 177
488,412
342, 952
283, 636
128, 945
54,556

2,383
2,344
2,570
3,391
3,484
3,320

_

57, 463
77, 028
142, 836
436, 305

376, 080
293, 890
131, 569
10,000

13, 986
9,466
5,638
345, 365

71, 449
86, 494
148, 474
781, 670

305, 995
135, 094
135, 259
130, 924

71, 433
34,646
41,036
1,979

429, 803
302, 640
165, 241
398, 953

32, 978
50, 364
16, 814
39,091

75, 847
36,908
23, 234
23, 883

September _ _
October
November _ .
December.. _

87, 134
299, 781
274, 883
60, 143

(3)
(3)
«
635, 971

948, 625
2, 182, 793
1, 905, 168
972, 700

1, 035, 759 730,544
2, 482, 574 1, 303, 227
2, 180, 051 1, 300, 775
1, 032, 843 933, 878

232, 916
300, 075
339, 350
151, 143

638, 303
1, 567, 621
2, 265, 121
2, 346, 514

16,335
11,918
14, 855
27,444

1925
January
February
March .
April

28,067
19, 072
92, 302
121, 477

583, 136
532, 886
375, 675
257, 570

448, 306
197, 214
43, 129
34, 465

476, 373
216, 286
135, 431
155, 942

981, 194
543, 246
496, 485
389, 915

219, 817
128, 858
118, 163
95, 082

1, 867, 227
1, 559, 679
1, 059, 649
674, 106

97, 766
29, 183
None.
None.

40,000
2,700
2,700
(5)

11,000
45, 218
8,252
566, 268

108, 766
74, 401
8,252
566, 268

337, 221
192, 507
140, 316
315, 239

117, 128
38,849
89, 607
101, 054

(5)

853, 330

av
av
av
av
av
av
av

1920 mo av
1921 mo. av
1922 mo. av
1923mo.av__ 3 337, 223
1924 mo. av__ 188, 668
1925 mo. av.. 66,022

1934
May
June .
July
August

May.
June
July
August

3

HAY

Coldstor.
holdings,'
end
mo.

169, 718
203, 340
196, 238
258, 484
2\75, 513
278, 785
254, 825

1913 mo
1914 mo.
1915 mo.
1916 mo
1917 mo
1918 mo.
1919 mo.

CITWHITE
RUS POTA- ONFRUIT TOES IONS

APPLES

Stocks,
end of
month

(4)

3,417
5,398

11, 397
12,055
14, 105
15,005

1,304
1,596
1,835
1,740

124, 870
120, 675

8,580
8,042
7,734
10, 268
9,009
9,911

5, 975
7,500
5,882
8,261
8,562
7,299

14, 627
18,206
19, 930
18, 956
20, 178
19, 585

2,163
1,932
2,163
2,132
2,502
2,453

119, 102
69,948
76, 873
76, 493
80,006
72, 343

761
199
43
47

2,201
866
2,312
2,927

10, 817
7,811
4,100
3,856

17, 506
20,470
22, 938
15, 959

2,752
981
2,057
2,405

70, 455
76, 090
61, 672
65, 275

27, 675
89, 679
216, 418
275, 318

820
5,758
7,743
6,673

13, 261
35, 937
19,045
6,068

3,116
4,185
11, 307
11, 187

20,450
32, 524
20,191
12, 757

3,864
4,545
2,876
1,869

86, 031
95, 037
81,001
74, 303

41, 497
78, 493
98,554
60, 728

108, 979
114, 109
79, 085
63, 246

5,233
3,761
2,288
1,143

4,980
3,802
3,244
2,216

12,036
10, 402
11,309
10, 417

21, 159
19, 886
20, 862
19,532

2,713
1,984
1,533
2,900

101, 595
69, 869
74, 305
45, 985

363, 747
223, 542
95,427
398, 186

55, 333
34, 351
63, 238
109, 753

52, 574
43,854
13,946
25, 865

399
104
42
64

1,525
889
2,667
3,956

8,332
5,464
3, 587
2,442

19, 397
19, 976
17, 467
14, 326

1,932
590
1,725
2,391

54, 349
48, 022
71, 783
79, 611

2,379
2,639
9,229
9,350

22, 763
32,545
15, 980
11, 125

3,994
5,157
2, 968
1, 554

79, 516
76, 687
84,068
82,329
•

September ..
October
November ..
December ___

3, 510
136, 235
218,009
46,641

. 925, 254
0)
1, 130, 866
(a)
1, 253, 359 1, 671, 725

856, 840
1, 061, 489
1, 348, 875
1, 718, 366

619, 078
842, 366
834, 604
751, 701

135, 778
186, 218
172, 564
204,210

632,444
751, 680
1, 090, 571
2, 045, 781

24,409
18, 568
23, 586
66, 751

13,293
28, 248
41, 666
69, 803

1,422 19,103
7,489 41, 324
9,398 19, 478
7,244
8,502

1926
January
February
March
April

214, 777
107, 495
116,952
238, 209

1, 120, 715
1, 005, 396
920, 259
651, 901

1, 019, 566
477, 583
210, 515
194, 321

1, 234, 343
585,078
327, 467
432,530

911, 578
208, 600
498, 419
471, 143

72, 805 2, 168, 554
131, 393 2, 052, 144
176, 229 1, 824, 807
122, 908 1, 556, 393

108, 464
194, 576
190,036
156, 964

55, 739
48, 248
65,490
35,926

7,051
5,300
3,314
1,691

6,078
6,622
6,084
3,990

9, 703
8,399
11, 559
10,894

15, 817
14, 553
19, 577
13, 718

2,524
2,248
1,806
1,924

98,998
72, 139
73, 286
66, 037

213, 437
177, 376

368, 037
224, 018

118, 885
129, 725

332, 322

473, 963

113, 558

114, 174
111, 455

38, 140
37, 618

630
112

2,480
1,204

9,250
6,247

16, 488
23,370

4,071
1,237

53, 217
60, 457

MayJune.
July
August

.

-_

1, 179, 488

September..
October
November..
December...
i Southern receipts, shipments, and stocks at mills from Rice Millers' Association, comprising movement of the whole rice crop except Califon
'ornia rice. Data on paddy
at all California warehouses from Mice Growers' Association of, California.
The column "Total movement to mills" is a total of the shipments
—,
lipments frc
from California warehouses
and receipts at Southern mills, thus giving a view of the total movement of domestic rice to the mills. Shipments of rice through New Orleans compiled by New Orleans
Board of Trade. Imports and exports from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, data for rough rice being reduced to the equivalent
clean2 rice at 162 pounds of rough to 100 pounds of clean, as barrels or sacks of 162 pounds are equivalent to clean rice pockets of 100 pounds each.
Data on cold-storage holdings of apples and on car-lot shipments of fruits and vegetables compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics.
Citrus fruit shipments consist of oranges, lemons, and grapefruit.
3
Average for 10 months, March through December.
< Receipts of hay at 11 principal markets, compiled \>y prorating weekly reports to the Hay Trade Journal.
6
Stocks on hand are negligible, as the crop is not warehoused until the month of December.




83

Table 63.—LIVESTOCK MOVEMENT1
CATTLE AND CALVES

Price
Shipments
steers,
good to
Local
Total
Total
slaugh- choice,
corn receipts Stockreceipts Stackter
er and Total
erand Total
fed,
Chifeeder
fe3der
cago 2
Shipments

YEAR AND
MONTH

Dolls, p.
100 Ibs.

Thousands of animals
1913 mo.
1914 mo.
1915 mo
1916 mo.
1917 mo.
1918 mo.
1919 mo.

av
av__
av
av
av__
av__
av_ _

1,922
2,108
2,052

321
400
418
440

789
859
896

mo. av_ _
mo. av__
mo. av__
mo. a v _ _
mo. av_ _
mo. a v _ -

1,850
1,649
1,935
1,934
1,975
2,006

342
292
405
379
331
319

1924
January
February
March
April

1,888
1,457
1,556
1,751

May
_.
June
July
August . .

Dolls, p.
100 Ibs.

Dollars per 100
pounds

Thousands of animals

762
855
1,053

$4.69
5.04
5.93
7.17
10.33
11.29
9.35

$7.79
8.12
9.23
10.02
16.09
17.33
16.13

1,047
944
973
977
983
976

915
1,071
889
856
867
867

8.74
3.41
5.81
6.09
6.91
7.21

15.90
9.99
13.22
13.46
14.29
15.22

149
106
83
105

773
693
654
613

920
725
719
726

7.19
8.43
9.98
9.94

13.33
14.55
15.78
15.94

1,344
1, 550
1,672
2,005

118
153
226
444

629
650
712
1,022

723
903
959
978

6.63
4.83
4.84
5.97

14. 22
14.73
13.75
13.28

9.86
10.78
9.58
9.96

3,027
3,295
1,879
1,605

973
1,436
676
206

1, 876
2,267
1,154
750

1,097
1,020
775
854

5.41
5.81
6.33
7.58

13.18
13.44
13.34
15.98

3,910
3,010
2,285
2,039

10.80
11.15
13.48
12.58

1,467
1,388
1,504
1,541

138
119
94
109

688
675
670
704

786
711
836
833

8.69
8.44
9.18
7.92

17.63
17.27
16.05
14.16

1,346
1,222
995
952

1,931
2,298
1,804
1,586

12. 18
12.70
13.79
13.13

1,689
1,603
1,699
2,064

178
137
193
421

877
693
763
1,037

830
908
939
998

6.53
5.63
6.31
6.40

12.28
14.87
14.66
14.60

33
45
61
77

1, 092
1,323
1,524
1,618

1,645
2,081
2,300
2,776

12.88
11.69
11.32
10.88

2,627
3,198
1,712
1,608

839
1,392
475
220

1,619
2,287
927
771

981
945
793
840

6.19
6.41
6.79
8.06

15.09
14. 81
15.25
15.94

4,304
3,372
3,579
3,135

65
58
56
54

1, 581
1,345
1,428
1,264

2,721
2, 035
2,144
1,871

11.63
12.05
11.49
11.74

1,548
1,486
1,695
1,502

155
89
83
124

694
615
695
698

856
863
1,001
801

7.89
7.89
7.70
8.53

14.84
13.28
12.73
13.53

3,037
3,143

68
72

1,164
1,048

1,872
2,087

13.29
13.96

1,717
1,913

130
238

838
916

885
998

7.05
5.31

14.20
16.13

2,120
2,537
2,501

$8.37
8.36
7 13
9.62
15.71
17.60
18.24

1,685
1,874
2,271

371
434
580

917
1,017
1,215

1,275
1,226
1,278
1,595
1, 684
1,355

2,230
2,195
2,395
3,014
2,932
2,305

14.19
8.45
9.39
7.70
8.48
12.22

1,961
2,014
1,864
1,835
1,850
1,842

432
258
347
373
390
361

50
47
52
57

2,198
2,126
1,854
1,559

4,016
3,227
2,976
2,809

7.23
7.08
7.35
7.43

1,697
1,412
1,367
1,348

4, 321
4,296
4,091
3,196

46
29
23
25

1,608
1,417
1,477
1,213

2,735
2,852
2,605
2,017

7.44
7.25
8.19
9.61

9.02
9.50
9.16
9.55

3,216
3,990
4,904
6,604

35
51
40
38

1,252
1,469
1,760
2,271

1,959
2,525
3,132
4,335

1,150
967
1,179
1, 163

9.31
9.47
10.20
9.99

6,105
4,558
3,528
3,246

38
35
52
41

2,176
1,580
1,239
1,199

602
534
706
886

1,123
1,190
1,252
1,281

9.66
10.50
11.56
12.08

3,283
3,507
2,798
2,549

36
49
35
30

427
717
489
333

938
1,348
1,017
833

1,227
1, 450
1,232
1,248

12.44
11.91
10.58
10.04

2,741
3,390
3,844
4,380

1,840
1,551
1,811
1,711

225
172
184
206

675
532
572
603

1,144
1,013
1,221
1,113

9.38
9.69
9.69
9.13

1,894
1,871

218
169

668
658

1,194
1,217

9.06
9.59

1,106
1,239
1, 136

3,170
3,739
3,706

64
81
75

1,048
1,198
1,197

819
717
889
838
808
786

1,016
923
1,036
1,086
1,154
1,205

14.49
8.76
9.46
9.96
9.68
10.65

3,510
3,425
3,672
4,611
4,618
3,661

61
42
49
68
42
48

243
170
175
239

716
540
549
627

1,155
915
991
1,108

9.47
9.71
10.07
10.78

6,253
5,335
4,833
4,374

1,890
1,673
1,798
1,934

275
201
169
306

746
631
641
826

1,141
1,030
1,141
1,092

10.27
9.60
9.56
9.48

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

2,566
2,737
2,363
2,083

580
763
549
309

1,166
1,339
1,095
816

1,312
1,432
1,267
1,265

1925
January
February
March . .
April

1,869
1,530
1,860
1,827

207
176
230
271

708
555
645
664

May . . .
June
July
August

1, 737
1,746
1,970
2,245

216
154
243
360

September
October
November
December

2,157
2,789
2,282
2,056

1926
January
February
March
April.. .
May
June _ ,
July
August

Price 2
Shipments
Price,
Local
Local heavy,
Total
slaugh- Chi- receipts
slaugh- Ewes,
Stockter
Chi- Lambs,
erand Total ter
cago 2
cago Chicago
feeder

Thousands of animals

$8.51
7.04
8.70
9 58
12.81
16.42
17.50

1920
1921
1922
1923
1924
1925

SHEEP AND LAMBS

HOGS

September ...
October
_
November. -.
"December
i These figures, except prices, represent the movement at between 60 and 70 markets; data procured from the U. S. Department of Agriculture, Bureau of Agricultural
Economics. Monthly data from 1920 appeared in November, 1922, issue (No. 15), p. 115.
* From U. S. Department of Labor, Bureau of Labor Statistics, averages of weekly quotations. Monthly data from 1920 appeared in May, 1922, issue (No. 9), p. 91.




84

Table 64.—PORK PRODUCTS
APPAR-

PRODUCTION i—
INSPECTED
SLAUGHTER
YEAR AND MONTH

Total pork
products

Total

Lard

Lard

ENT
CON-

COLD-STORAGE HOLDINGS 3
(end of month)

EXPORTS 2

Other
products

Total

Lard

WHOLESALE
PRICES «

SUMPTION*

Lard,
Total pork Smoked
prime
hams, contract,
products Chicago

Fresh and
cured

New York

Thousand of pounds
1913 monthly average
1914 monthly average
1815 monthly average. _.
1916 monthly average _.
1917 monthly average
1918 monthly average. _.
1919 monthly average. ..

477, 117
450, 851
524, 294
565, 691
449, 570
583, 154

588,977

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

average. _.
average. ..
average...
average...
average. _.
average. _.

Dollars per pound

' 82,058
76,826

431, 847
343, 486

92, 212

558, 802
595, 166
784, 364
828, 747

383, 581

$0. 166
.167
.153
.185
.252
.318
.343

898, 845
761, 914
647, 594
837, 352
827, 581
753, 480

120, 413
119, 705
86, 573
77, 358
89, 855
108, 020

785, 932
642, 209
561, 021
760, 019
737, 726
645, 465

417, 203
435, 295
481, 376
588, 051
600, 103
524, 712

.334
.268
.265
.212
.202
.271

,200
.111
.115
.123
.133
.168

75, 937

52, 111
49, 894
61, 502
59, 167

1, 019, 058
1, 025, 158
960, 257
835, 547

127, 949
152, 520
149, 672
124, 676

891, 109
872, 638
810, 585
710, 871

597, 918
621, 830
649, 668
539, 091

.194
.196
.204
.222

.110
.111
.126
.143

65, 810
60, 813
49, 120

48, 842
71, 873
42, 610

84, 198

76,803

43,804

649, 371
439, 437
463, 233
708, 413

35, 713
61, 049

565, 173
407, 731
427, 520
647, 364

565, 365
660, 248
608, 165
662, 169

.223
.216
.205
.207

.144
.165
.153
.169

144,221

78, 440

65, 781

60,363
63,281

54,343
60,000

44, 447

38, 768

891, 496
1, 017, 282
979, 739
965, 688

112, 704
151, 927
150, 182
151, 499

778, 792
865, 355
829, 557
814, 189

623, 912

114, 706

.219
.231
.269
.282

.166
.161
.171
.161

71, 135
59, 779
49, 414
45, 740

38, 038

886,713
884,574

138, 295
145, 919
145, 924
114, 724

748, 418
738, 655
669, 536
583, 789

526, 195
549, 338
492, 017

492,088

.256
.263
.293
.298

.163
.176
.181
.179

71, 626
37, 256
33, 710
42, 478

467, 378
392, 605
385, 027

472,219

519, 282
592, 235
541, 736
563, Oil

.292
.283
.282
.280

.178
.164
.162
.150

566, 918
429, 713
511, 952
489, 416

.278
.288
.295
.301

.157
.152
.150
.145

496,451
523,046

.310
.340

.159
.170

1
li
35, 555
31, 060
45, 735

87, 986

113, 205
120, 941
108, 142
187, 558
219, 803

539, 452
560, 212
618, 276
765, 178
734, 963
610, 226

104, 622
119, 216
130, 652
159, 686
160, 849
122, 537

720, 999
737, 102
731, 931
548, 939

644, 543
669, 283
875, 406
920, 922

85, 741
74, 117

63,409

77,149
141,819 !
156,394

128, 052
135, 887
123, 912
165, 645
139, 483
102, 260

51, 021
72, 412
63, 913
86, 282
78, 668
57, 234

76,983 i
65,896
60,011
79,338
62,621 !
44,838 !

167, 289
166, 851
177, 565
121, 584

114, 759
109, 335
147, 334

62, 648
59, 475

135,085

492, 898
560, 043
723, 213
1, 027, 375

103, 645
106, 781
130, 184
192, 596

114, 656
111, 952
91, 730
120, 607

950, 738
723, 465
547, 772

194, 189
161, 697
115, 016
113, 277

109,183
124, 507
118, 969

109, 173
104, 146
89, 975

90,421

83,226
102, 152
81, 321
76, 418
115, 241

60,646
44,745

76, 670

85, 377

90,959

i

378,420

$0. 110
.104
.094
.135
.219
.261
.290

1934
May..
June
July
August
September
October
November
December

•
. .
_ _
.

1925
January.
February
March
April .

__ _.

_ _
..

May
June
July
August

_ _

123,423
83,215

44,347
40, 563

37,291

639,004

36, 576
36, 439

429, 861
418, 737

46,401

514,697
620,229
685,992

64,187

719, 702
702, 163

93,108
98,365

556,042
609,847
626,594
603,798

681,296

106, 824

580, 624

720, 740

120,680

600,060

606,706
773, 984

147, 716

802, 879

162, 314

604,958

126,905

130, 829
109, 764

649, 871
572, 037

138, 567
126, 385

104,679

65,356
64,259

100, 619

63, 160

54,159
44,408
40,420
37,459

568, 585
646, 770

117, 241

93, 366

123,854

85,094

58,154
56,482

35, 212
28, 612

39, 979
68, 840

815, 460
698, 513

31,706

39,506

84,972
104,288
106,206

461, 253
563, 747

1926
January
February
_
March
April

76, 145

483,364
462,563
450, 801

..
.

September
October
November
December . .
1

555, 823
650, 452

512,095
457,345

September
October
November
December

May
June
July
August

519,331

86,706

_ _.
>

li

Production of pork products, including lard, from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal
Industry, given as total dressed weight, excluding meat from condemned animals. Slaughter of hogs under Federal inspection according to 1919 census figures amounted
to 68 per cent of total slaughter. Monthly data from 1920, slightly revised since, given in May, 1922, issue (No. 9), p, 95, including data on exports storage holdings, and,
apparent
consumption also. Monthly data on lard from 1916 appeared in March, 1924, issue (No. 31), p. 54.
2
F iports reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. T*he total includes bacon, ham, shoulders, lard, neutral lard, and
canne
*, fresh, and pickled pork. In the division between lard and other products, neutral lard is included with " Other products."
3
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this has been
made
in computing index numbers.
4
Apparent consumption including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural,
Economics
from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings.
fi
Wholesale prices are averages .of weekly quotations as compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Monthly data on ham prices from 1919
appeared in September, 1923, issue (No. 25), p! 55.




85

Table 65.—OTHER MEATS
MISCELLANEOUS
MEATS

LAMB

BEEF
!

Production—inspected
slaughter i

YEAR AND MONTH

Exports 2

Wholesale
prices 5
ColdProduc- ColdCold
tion—in- storage Appar- storage
storage Apparent
conholdings,
spected hold- ent conholdend of
Steer slaugh- ings, sumpsumpGood
ings,
tion 4
native rounds,
month 3
ter i
end of
tion*
end of
month
steers, No. 2,
month 6
Chicago Chicago

Thousands of pounds

i

i

i

Dolls, per pound

354, 440
420, 946
467, 135
431, 602

$0. 131
.133
.124
.130
.162
.221
.224

45, 661
44, 623
38, 445
37, 564
28, 287
31, 831
38, 539

3,722
4,531
6,028
8,291

38, 439
29,141
31,299
39, 166

156, 117
99, 623
68, 521
75, 689
79, 712
80, 157

400, 648
375, 060
411, 561
427, 455
440, 131
460, 585

.230
.163
.150
.158
.171
.181

.213
.145
.145
.153
.152
.158

34, 399
41,096
34, 820
37, 188
38, 030
38, 943

20, 174
22, 090
3,294
3,742
2,495
1,731

2,722
3,038
2,282
1,872

47, 538
67, 244
100, 239
142, 964

480, 573
523, 893
455, 346
449, 106

.165
.172
.183
.183

.160
.136
.129
.125

42, 541
43, 566
36, 606
37, 882

480, 692
378, 932
425, 739
431,009

1,960
2,152
2,853
2,043

140, 705
130, 809
116, 318
96, 223

481, 583
387, 219
438, 123
450, 644

.183
.183
.183
.183

.133
.135
.148
.153

435, 890
418, 082
478, 231
444, 474

2,198
2,202
2,369
2,382

74, 618
61, 554
49, 674
45, 214

457, 054
430, 103
489, 204
447, 509

.178
.175
.178
.185

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

466, 438
569, 094
451, 396
499, 739

2,353
2,273
1,749
1,928

40, 719
47,481
73, 564
84,996

469, 695
563, 086
424, 809
487, 985

1936
January
February _
March
April

458, 376
395, 362
450, 058
450, 142

1,754
2,083
1,913
2,180

80, 538
77, 690
70, 781
59, 978

457, 575
495, 925

1,502
2,292

52, 579
48, 250

329, 811
314, 784
331, 971
383, 268
457, 910
522, 309
448, 074

3,016
7,161
31, 297
22, 724
29, 142
58, 334
22, 592

127, 200
192, 343
256, 523
237, 123

1920
1921
1922
1923
1924
1925

395, 093
371, 108
414, 045
427, 407
444, 005
456, 643

11, 599
3,417
2,921
2,447
2, 253
2,205

. __

481, 236
545, 724
489, 894
493, 124

.-

monthly average. .
monthly average. _
monthly average. .
monthly average. _
monthly average. .
monthly average..

1924
September
October
November
December. _
1935
January
..
February
March
April _
May
June _ _
July
August

May
June
July
August

. __

__

Cold
storage
ProducApparent
holdings, consumptioninspected
tion *
end of
slaughter i month 3

Thousands of pounds

$0. 130
.136
.129
.138
.167
.221
.233

1913 monthly average
1914 monthly average
1915 monthly average. .
1916 monthly average
1917 monthly average. .
1918 monthly average. .
1919 monthly aver age _.

TOTAL MEATS

7 48, 182
86, 774
103, 078

852, 589
810, 258
894, 710
986, 523
935, 767
1, 137, 294
1, 075, 590

813, 465
1, 133, 687
1, 177, 201

37, 703
43,003
35, 830
37, 615
38, 047
39, 140

82, 474
79, 137
53, 641
67, 540
72,060
73, 021

968, 944
972, 417
1, 067, 141
1, 229, 773
1, 216, 998
1, 105, 812

1, 037, 197
843, 059
686, 477
907, 388
891, 992
800, 368

855, 554
853, 358
928, 766
1, 053, 121
1, 078, 281
1, 024, 436

2,525
3,166
3,326
2,949

42, 206
42, 894
36, 435
38, 294

57, 201
57, 619
67, 260
92, 475

1, 016, 675
1, 149, 333
1, 249, 713
1, 558, 381

672, 437
535, 760
598, 345
885, 752

1, 088, 144
1, 227, 035
1, 099, 946
1, 149, 569

39, 655
34, 910
40, 572
40, 610

2,336
2,294
2,090
1,998

40, 275
34, 953
40, 710
40, 680

98, 162
101, 163
94, 128
87, 090

1, 471, 085
1, 137, 307
1, 014, 083
990, 950

1, 019, 995^
1, 099, 621
1, 042, 093
999, 500

1, 145, 770
905, 536
941, 396
942, 125

.162
.173
.192
.188

40, 698
36, 417
39, 374
38, 870

1,913
1,535
1,349
1,339

40, 761
36, 537
39, 361
38, 698

80,070
76, 586
69,866
64, 573

1, 032, 411
1, 104, 951
1, 029, 700
940, 689

905,
878,
790,
694,

019
330
425
915

1, 024, 010
1, 015, 978
1, 020, 582
978, 295

.185
.185
.178
.170

.173
.160
.143
.131

40, 994
41, 701
34, 049
39, 468

1,112
1,435
1,549
1,820

41, 505
42, 287
34, 524
39, 383

52, 550
44, 954
50, 415
56, 696

968, 685
1, 174, 542
1, 092, 151
1, 313, 191

561, 759
486, 475
510, 555
615, 731

1, 030, 482
1, 197, 608
1, 001, 069
1, 090, 379

462, 650
397, 616
456, 197
460, 438

.170
.163
.160
.160

.147
.150
.150
.152

42, 684
40, 946
47,611
40, 318

2,354
3,346
3,289
2,393

42, 526
40, 016
47, 676
41, 247

57, 168
54, 825
52, 399
48, 174

1, 303, 939
1, 041, 266
1, 147, 540
1, 062, 497

696, 102
745, 708
753, 063
714, 343

1, 072, 094
867, 345
1, 015, 825
989, 961

465, 155
499, 213

.160
.160

.159
.162

36, 728
39, 818

1,697
1,874

37, 362
39, 679

48, 033
52, 934

1, 062, 888
1, 183, 513

676, 781
703, 118

998, 968
1, 061, 938

824.
793,
876,
854,

727
573
854
349

.-

September
October
November
December
1 Production from animals slaughtered under Federal inspection reported by the U. S. Department of Agriculture, Bureau of Animal Industry, given as total dressed
weight, excluding meat from condemned animals. The slaughter under Federal inspection, according to census figures for 1919, amounted to 82 per cent of the total number
of animals slaughtered in the United States in the case of beef and 91 per cent for lamb. Monthly data from 1920, including also exports, storage holdings, apparent consumption,
and prices, appeared in May, 1922, issue (No. 9), p. 95. Veal is included in the beef figures and mutton in the lamb figures.
2
Exports, as reported by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, include fresh, canned, pickled, and cured beef.
3
Cold-storage holdings, reported by the U. S. Department of Agriculture, Bureau of Agricultural Economics, are distinctly seasonal. No allowance for this had been
made in calculating index numbers. Figures represent storage holdings on the last day of each month. Beef holdings include frozen, cured, and in process of cure, while
lamb4 holdings embrace frozen lamb and mutton.
Apparent consumption, including only meat produced under Federal inspection, has been computed by the U. S. Department of Agriculture, Bureau of Agricultural
Economics, from the inspected slaughter, less condemned animals, plus net imports less exports and reexports and the change in cold-storage holdings. Monthly data on total
meats
from 1916 appeared in the March, 1926, issue (No. 55), p. 23.
5
Wholesale prices are averages for the month •from U. S. Department of Labor, Bureau of Labor Statistics.
6
Compiled by U. S. Department of Agriculture and include all stocks of beef, pork, and mutton trimmings and edibles offal that have been frozen, cured, or otherwise
prepared for food. Data do not include trimmings that have not 'been frozen, cured, nor processed, nor sausage or canned-meat products. Data are given for the end of
month. Monthly data from August, 1917, appeared in the April, 1926, issue of the SURVEY (No. 56), p. 20.
Digitized for each
FRASER
7
Average for five months, August to December, inclusive.



86

Table 66.—CONDENSED AND EVAPORATED MILK

Total

Case Bulk
goods goods

Evaporated

Case
goods

Bulk
goods

Condensed

Evaporated

Case Bulk
goods goods

Case
goods

Total

Condensed

Evaporated

Case Bulk
goods goods

Case
goods

WHOLESALE
PRICES 2

EXPORTS s

Case
goods

Total

Total

1
5

!

Dolls, per
case

Thousands of pounds
1913 mo. av
1914 mo. av
1915 mo. av
1916 mo. av
1917 mo. av
19 18 mo. av
1919 mo. av

$4.70
4.56
4.62
5.28
6.80
7.37
8.21

$3.54
3.41
3.07
3.74
3.21
5.68
6.36

Evaporated

Condensed
YEAR AND
MONTH

UNSOLD STOCKS i
(end of month)

Condensed

TOTAL STOCKS i
(end of month)

PRODUCTION^

Thous. of pounds

av
av
av
av
av
av

131, 501
122, 014
119, 279
147, 907
141, 712
146, 488

29,008 8,979 82, 117
16, 987
7,365 85, 798
19, 531 8,862 79, 457
16, 567 12, 258 104, 963
15, 777 12, 001 100, 109
15, 828 13, 246 100, 704

11,398
11,864
11, 430
14, 119
13, 825
16,709

235, 138
173, 926
137, 225
166, 022
186, 925
161, 388

56, 515
31, 375
21, 166
20, 181
19, 236
29, 792

158, 214
123, 661
105, 872
127, 089
150, 693
123, 525

123, 436
116, 560
87, 342
104, 558
132, 998
113, 758

29,083
23, 346
14, 833
13, 429
14, 119
21, 266

11, 846
13, 142
7,504
11, 142
8,870
4,086

81,890
79, 207
64,711
79,750
109, 751
88, 176

9.50
7.06
5.25
6.24
5.99
5.91

6.01
5.10
4.14
4.71
4. 15
4.33

34,256 23,094 11, 162
24, 144 7,825 16, 319
15, 625 4,734 10, 891
16, 189 4,781 11, 407
17, 185 5,331 11, 854
12, 313 3,559 8,755

1934
May.
June.
July
August —

204, 632
'216, 458
195, 529
139, 330

22, 622
16, 539
14, 491
10, 657

18, 264
19, 234
16, 096
10, 893

147, 236
160, 405
141, 057
95, 348

16, 510
20, 280
23, 885
22, 432

199, 602
288, 459
282, 431
242, 543

25,088 19, 031 155, 163
23, 481 30, 257 234, 288
33,007 24, 093 224, 960
27, 375 20, 833 194, 066

153, 926
230, 769
213, 166
185, 584

21, 722
20, 792
28,002
22, 759

9, 710
20, 071
11, 532
9,733

122, 174
189, 528
173, 260
152, 824

6.08
5.90
5.63
5.75

4.18
4.07
3.87
3.88

13, 919
11, 461
13, 601
15, 894

6,986
4,690
4,819
5,392

6,933
6,771
8,782
10, 502

September 126, 051
October _ _ _ 121, 329
November 92, 363
December. 97, 212

14, 040
17, 616
13, 325
11, 876

11, 078
9,363
8,688
9,849

88, 140
83, 125
62, 578
67, 202

12, 793
11, 223
8,772
8,285

202, 977
180, 054
159, 593
123,428

22, 616
18, 070
14, 604
11, 830

15, 476
13, 974
11, 802
9,161

164, 538
147, 596
133, 093
102, 337

141, 633
132, 579
117, 590
46, 445

16, 766
13, 282
10, 650
2,149

7,744
6,330
6,212
4,168

116,808
112, 553
100, 639
40, 032

5.81
5.85
5.85
5.87

3.92
3.89
3.92
3.99

20, 084
22, 600
15, 123
10, 862

4,192
6,265
4,306
3,096

15, 892
16, 335
11, 029
7,766

1935
January ...
February .
March
April

110, 002
108, 448
136, 887
163, 017

12? 801
12, 619
16, 709
19, 978

9,900
9,036
12, 337
13, 690

77, 871
76, 386
94, 663
112, 573

9,430
10, 407
13, 178
16, 776

91, 205
90, 869
110, 565
140, 713

12, 208
12, 321
13, 554
17, 585

7,066
5,956
5,537
5,683

71,857
72,460
91, 309
117, 321

35, 318
47,323
69, 330
103, 895

2,209
2,628
1,702
8,273

3,113
2,407
2,557
2,504

29,929
42, 187
64, 936
93,000

5.88 4.16
5.88 4.18
5.88 4.16
5.88 4.08

10, 653
9,661
9,091
13, 247

4,701
2,961
2,674
3,757

5,952
6,700
6,417
9,490

May
June
July
August

213, 162
218, 100
191, 238
155, 436

26, 561
22, 022
20, 469
12,481

23, 137
21, 050
14, 979
12,129

141, 552 21, 912
144, 933 29, 095
130, 866 24, 924
109, 591 21, 235

193, 307
187, 636
194, 865
212, 903

31, 035
43, 243
48, 244
46, 757

10, 363
13, 988
11, 795
10,098

151, 120
129, 947
134, 328
155, 654

154, 681
102, 803
138, 956
163, 453

22, 711
31, 622
38, 621
39, 425

6, 632
8,157
7,586
3,735

125, 092
62, 568
92, 255
119, 899

5.88
5.88
5.86
5.85

4.09
4.33
4.46
4.51

14, 251
18, 213
15, 771
13, 120

3,519
3,560
3,962
3,153

10, 732
14, 653
11,809
9,967

September 126, 552
October... 127, 661
November 97,057
December. 110,298

9,815
12, 922
11, 428
12, 137

8,897
12, 073
9,523
12, 205

17, 851
12, 380
10, 954
11, 368

207, 263
185, 624
165,682
156, 272

42, 208
34, 792
29, 685
25, 876

7,340
6,370
4,619
4,660

157, 381
144, 324
131, 251
125, 501

159, 310
140, 022
130, 317
119, 821

33, 888
28, 489
24, 181
21, 363

3,346
3,210
2,308
3,548

121, 745
108, 185
103, 700
94, 775

5.88
5.98
6.03
6.04

4.49
4.50
4.49
4.54

15, 687
10, 323
7,970
9,775

2,348 13, 339
4,552 5,771
3,316 4,654
4,203 5,572

136, 015
118, 346
115,417
128, 496

22, 889
19, 142
17, 008
19, 082

5,718
6,081
9,028
10,829

107, 304
92, 974
89, 225
98, 414

103, 799
89, 045
82, 613
95, 807

17, 592
14, 909
11, 723
14, 424

3,217
3,822
7,070
4,768

82, 897
70, 187
63,730
76, 465

6.00
5.95
5.95
5.92

4.72
4.44
4.38
4.36

9,695
8,478
11,500
12,946

3,733
3,777
3,642
3,685

5,962
4,701
7,858
9,261

153,710
228,045

26,068 15, 701 111, 659
36, 734 21, 321 169, 507

107, 291
167,608

20, 439
30, 943

7,073
10, 013

79, 518
126, 283

5.86
5.86

4.34
4.33

9,776
10, 825

2,813
3,472

6,963
7,253

1920
1921
1922
1923
1924
1925

mo.
mo.
mo.
mo.
mo.
mo.

1936
January ._
February.
March. __
April
May
June
July
August

89, 989
90, 286
65, 152
74, 588

19, 701
17, 999
9,875
18, 505
16, 727
7,791

September
October ...
November
December
1
Data on .production and stocks from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete data for the industry.
Production figures are reported only every three months, while stocks are available currently. Stocks, both total and unsold, are given as of the end of each month, stocks
of evaporated bulk goods being included in each total, but omitted in detail on account of the small quantities usually held. Condensed milk is sweetened by the addition
of sugar while evaporated milk is simply milk reduced in volume. The bulk goods are generally destined for bakeries, etc., while case goods are for the retail trade.
2 Wholesale prices compiled by U. S. Department of Labor, Bureau of Labor Statistics, are averages of weekly prices at New York. A case of condensed milk contains
48 14-ounce
tins while a case of evaporated milk has 48 16-ounce tins. Monthly data from 1913 appeared in December, 1925, issue (No. 52), p. 22.
3
Exports are from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.




87

Table 67.—FLUID AND POWDERED MILK AND ICE CREAM
ICE
CREAM

FLUID MILK
Receipts
YEAR AND MONTH

Greater
New
Yorki

Boston
Phila(includ.
cream) 2 delphia s

Thous. of Thous.of
40-quart
quarts
cans

Production, Minneapolis,
Baltimore 4 St.Paul s

Consumption in Production 7
oleomargarine s

POWDERED MILK

Sales
Produc- less
retion
sales
7

of
Thousands of quarts Thousands of pounds Thous.
galls.

5,715
7,145

10, 470
11, 098

1,549
2,147
2,530
3,634

5,944
6,203

7,786
12, 141
13, 224
17, 895
21,005
23, 266

11 30, 014
17, 518
14, 969
18, 872
19, 156
19, 025

12, 357
12, 193
13, 108
15, 284
15, 130
17, 865

4,436
3,566
3,901
5,734
6,426
6,854

25, 575
25, 447
23,604
22, 843

6,147
6,117
5,683
5,883

17, 804
18, 038
17, 303
19, 757

20, 202
19, 217
17, 115
19, 997

15, 493
10, 970
7,697
6,127

14, 528
14, 149
16, 472
16, 663

23, 702
22, 360
24, 693
24, 012

6,066
5,659
6,144
5,990

22, 059
21, 356
24, 411
24, 290

19, 109
15, 846
20, 125
17, 090

2,676
2,902
2,761
2,673

17, 472
19, 388
18,104
17, 227

25, 027
27, 635
25, 195
23, 465

7,254
6,867
6,297
6,649

28, 212
28,854
26, 413
21, 730

September
October ..
November
December .

2,647
2,587
2,496
2,546

16, 305
16, 277
15, 649
15, 899

23, 621
23, 583
22, 905
21,836

5.981
5,929
5,545
6,051

1926
January
February „
March
April

2,522
2,320
2,639
2629

16, 010
14, 876
17, 128
16,800

20, 441
19, 157
22, 032

6,465
6,060
6,813
6,720

2,778

18, 231

1, 496
1,513
1, 590
1,613
1,652
1,763
1,873

11, 727
12, 193
13, 059

1920 monthly average _.
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

2,036
2,144
2,232
2,461
2,491
2,674

13, 865
14, 116
14, 878
15, 391
15, 930
16, 511

21, 107
21, 354
23, 461
24, 253
24, 003

1924
September
October
November
December

2,501
2,550
2,403
2,434

15, 861
15, 506
14, 926
14, 701

2,413
2,281
2,603
2,500

Total

Unsold

Exports
10

Thousands of pounds

11, 861
11, 798
11, 787
12,404
19, 044
26,877
29,081

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average _
1919 monthly average

9

Stocks, end
of month s

1,749

3,990
3,927

11, 645
11, 775
7,314
6,395
12, 881
7,085

4,777
8,145
4,138
3,517
9,607
4,263

264
78ff
516
203
461
304

5,306
4,401
3,400
3,724

3,800
3,496
2,969
4,087

14, 317
12, 146
8,984
8,231

11, 252
9,687
6,209
5,466

290
1,262
1,260
487

6,9&2
8,562
11, 605
17, 457

4,278
4,336
5,963
8,483

3,489
2,747
3,551
4,058

6,067
5,381
5,091
5,877

4,050
3,536
3,349
3,652

335
293
296
205

18, 542
14, 623
10, 704
17, 068

22, 380
34, 647
33, 179
29, 785

11, 241
10, 931
8,761
7,165

4,586
6,447
4,821
3,948

8,172
8,100
8,279
9,777

5,177
4,777
5,079
7,045

286
286
352
291

18, 322
19,417
20, 255
23,875

20, 057
25, 612
24, 974
24, 553

23, 081
10, 407
8,586
7,761

5,771
5,608
4,643
5,068

3,636
3,482
3,077
3,280

8,635
7,395
6,258
5,954

6,135
4,633
3,612
4,368

392
201
376
336

27, 188
26, 126

21, 501
21, 481
21, 268
20, 445

4,670
4,448

5,726
5,774
5,269
7 150

4,370
3,730

203
190
285
285

1925
January
February
March.
April

May.
June
July
August

May
June.
July
August

__. -

_

*

7,824

16, 646

9,821
9,861

181
178

September
October ___
November
December
1 Receipts of milk, excluding cream, in the metropolitan area around New York City, including many large cities in New Jersey, from the Milk Reporter. Monthly
data2 from 1920 appeared in the July, 1922, issue (No. 11), p. 46.
Receipts of milk at Boston by rail, including cream, from the Massachusetts Department of Public Utilities. Monthly data from 1920 appeared in the July, 1922, issue
(No.3 11), p. 46.
Receipts at Philadelphia, including cream and condensed milk, from the Philadelphia Milk Exchange, with current figures given by the Interstate Milk Producers'
Association.
Monthly data from 1920 were given in the September, 1922, issue (No. 13), p. 50, and later data in the August, 1924, issue (No. 36), p. 155.
4
Receipts
at Baltimore from Wharlon School of Finance and Commerce, estimated to represent more than 90 per cent of the total milk receipts in that city.
6
Production of whole milk by members of the Twin City Milk Association, including most of the area within a 40-mile radius of Minneapolis and St. Paul. Monthly
data from 1920 appeared in the July, 1922, issue (No. 11), p. 46.
« Data from U. S. Treasury Department, Bureau of Internal Revenue, showing consumption of milk in the manufacture of oleomargarine. Monthly data from July, 1921
appeared
in the March, 1926, issue (No. 55), p. 25.
7
Data from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete production, but reported only every three months.
Monthly
data
from 1920 on production of powdered milk appeared in the October, 1925, issue (No. 50), p. 26.
8
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Stocks comprise powdered milk derived from whole milk, skim milk and
unskimmed milk as of the end of the month and include both case and bulk goods, the former being comparatively small. Monthly data from 1920, divided as between
case9and bulk goods are given in the November, 1925, issue (No. 51), p. 23.
Compiled by the American Dry Milk, Institute from 21 identical firms which in 1924 produced 61 per cent of the totals as compiled by the Department of Agriculture.
Data10 on stocks held by institute members appeared in October, 1925, issue (No. 50), p. 26. The association reports also include production and unit prices of members.
Compiled by U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
11
Six months' period, July to December, inclusive.




88

Table 68.—BUTTER AND CHEESE
BUTTER

American 8

Total, ail varieties

1

ApparColdProduc- entcon- Receipts
Immar- storage
tion i sump- 5kets
holdports 6
3
tiona

ings *

Dolls,
per Ib.

Thousands of pounds
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

Wholesale
price, 5 markets «

ColdAppar- Re- storage
ceipts holdent
at 5
conings,
sump- mar- creamtion 2 kets s ery 4

Production
(factory) i

YEAR AND MONTH

CHEESE

Exports
U.S. 6

Canada 7

ColdProdue- storage Wholesale 9
tiom hold-4 price
ings
Dolls,
per Ib.

Thousands of pounds

083,887
41, 599
16, 189
53, 805

4,632
4, 623
3,235
2,376
528
630
944

221
316
5,246
4,508
4,448
4,034
1,180

12,942
12, 076
11, 442
16, 081
16, 492
14, 573
12, 684

o 28, 995
26, 125
22, 079
47,590
20, 607
34,646
41, 442 $0. 310
23,486

14, 055
16, 695
16, 655
18, 254
17, 921
18, 488

52, 917
43, 939
41, 637
52, 431
66, 536
68, 489

1,333
2,239
3,881
5,368
4,931
5,200

1,358
981
417
694
358
766

10, 533
11,135
11,104
9,546
9,732
10, 580

21, 224
21,811
23, 567
25, 676
27, 058
28,937

37, 559
30, 066
30, 675
39, 579
49, 483
52, 056

.280
.216
.211
.241
.203
.234

63, 293
66, 107
70, 833

138, 109
123, 796
126, 844

o 80, 539
51, 588
54, 572
49, 737
38, 336
67, 229 $0. 593

71, 965
87, 912
96, 126
104, 268
113, 007
113, 460

129, 466
143, 811
149, 671
155, 564
161, 175
158, 729

33, 563
39, 012
43, 893
45, 448
48, 956
47, 666

59, 754
52 623
50, 959
47, 074
73, 665
61, 665

.586
.429
.403
.464
.418
.459

32, 693
31, 930
33, 531
35, 852
39, 024
41,917

31,304
31, 709
33, 992
35, 733
38, 956
39, 395

115, 102
100, 536
77, 282
82, 964

167, 540
161, 158
148, 757
156, 398

47, 467
41, 949
30, 161
33, 155

153, 494
135, 018
100, 832
65,694

.342
.385
.418
.440

43, 110
38, 166
27, 163
23,996

48, 264
43, 203
39, 247
34, 763

18,854
17, 479
14, 883
14, 921

91, 282
88, 043
77, 594
67, 558

5,764
7, 275
5,999
5,632

254
379
449
648

20, 395
25, 793
17, 050
9,385

30, 539
26, 210
17, 252
15,046

73, 153
67, 905
58, 705
49, 187

.203
.197
.202
.221

26,177
27, 346
33, 397
40, 537

138, 884
127, 753
143, 108
150, 604

37, 781
35, 181
40, 725
42, 141

45, 748
28, 789
10, 875
3,739

.414
.412
.467
.437

87, 121
80, 218
92, 302
107, 023

35, 981
33, 743
39, 245
35, 860

15, 202
12, 845
14, 898
15, 436

58, 461
50, 117
40, 480
39, 037

4,845
4,325
4,307
4,722

1,442
1,847
2,037
968

3,581
3,798
2,826
954

16, 834
17, 991
21, 598
26, 889

41, 552
34,647
27, 716
26, 147

.228
.229
.226
.224

55, 562
64, 180
58, 661
51, 292

195, 286
179, 629
170, 728
177, 438

56, 838
74, 171
69, 970
55, 064

13, 036
63, 687
109, 075
128, 403

.420
.429
.434
.448

145, 478
164, 253
158, 920
136, 738

46, 860
43, 240
35, 224
38, 922

18, 530
24, 025
25, 825
22, 472

42, 888
61, 992
83, 568
95, 472

4,333
5,963
4,459
4,046

388
482
351
319

3,372
8,721
25, 660
23, 508

38, 012
45, 782
43, 706
37, 659

29, 550
46, 468
66, 634
76, 512

.214
.226
.230

43, 726
41, 275
31, 557
29, 289

172, 328
163, 609
140, 254
145, 132

45, 005
43, 468
35, 455
36, 199

114, 172
94, 916
74, 754
52, 785

.488
.554
.511
.489

108, 325
104, 520
85, 492
91, 136

42, 264
48, 810
36, 740
35, 846

20, 520
21, 029
17, 059
14, 012

97, 777
90, 866
84, 561
76, 649

5, 424
6,819
6,848
6,312

279
353
345
381

22, 646
25, 748
17, 469
12, 461

31, 548
28, 253
20, 349
18, 619

78, 582
71, 913
66, 495
58, 457

.241
.252
.254
.246

January
February
M!arch
April

138, 165
131, 461
142, 617
147, 225

39, 424
39, 507
46, 077
45, 501

39, 381
26, 313
17, 392
17, 527

.447
.449
.408
.392

39, 057
37, 214
43, 778
42, 198

14, 854
13, 568
15, 056
15, 531

67, 531
58, 175
51, 285
47, 442

4,788
3,131
4,641
4,872

340
335
432
348

2,668
2,580
2,548
1,303

50, 339
42,587
38,041
35, 597

.245
.243
.222
.200

M!ay
June
July
August

184, 452

54, 464
75, 931

30, 561
86, 936

.404
.409

44,059

14, 973
21, 777

5,165
5,908

351
261

3,280

39, 346
53, 847

.199
.209

_

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average _ _ _

1924
September
October
November
December
.

_ _

1925
January
February
March
April
May
June
July
August

_

September
October
November
December

_ _ _
..

.241

1926

September _
October
November
December

, .
.._-

1
Data from U. S. Department of Agriculture, Bureau of Agricultural Economics, representing practically complete production, but reported only every three months.
Total production figures covering cheese which include cottage, pot and bakers' cheese, are shown monthly from 1920, and American cheese production from 1917 in the
July,2 1926, issue (No. 59), p. 23.
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing the disappearance of butter or cheese into trade. These data are computed from production (comprising actual factory data plus allowance for production on farms), imports, and the difference in cold-storage holdings. Monthly data on
butter
from 1917 appeared in January, 1926, issue (No. 53), p. 23, and on cheese from 1920, in the May, 1926, issue (No. 57), p. 29.
3
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated.
4 Cold-storage holdings at end of month reported by U. S. Department of Agriculture, Bureau of Agricultural Economics, representing about 98 per cent of stocks held
in public
and private cold-storage warehouses. Monthly data on total cheese holdings from 1917 appeared in the July, 1926, issue (No. 59), p. 23.
6
Average of weekly prices of creamery butter, 92 score at Boston, New York, Philadelphia, Chicago, and San Francisco, as compiled by U. S. Department of Agriculture,
Bureau
of Agricultural Economics.
6
Imports and exports for the United States from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, representing all classes of cheese.
Monthly
data
from
1909 appeared in the July, 1926, issue (No. 59), p. 23.
7
Exports from Canada from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures through 1925 represent monthly averages for the Canadian8 fiscal year ended March 31 of the year indicated.
American cheese figures are for whole milk cheese only and do not include cheese made from part skim milk, these latter usually totaling from 1 to 2 per cent of the
American
whole milk output.
9
Average of weekly prices of American cheese, No. 1 fresh twins, at Boston, New York, Wisconsin, Chicago, and San Francisco, as compiled by the U. S. Department
of Agriculture, Bureau of Agricultural Economics.

10 Five months' average, August to December, inclusive.



89

Table 69.—SUGAR
EXWHOLESALE
PRICE *
PORTS i

RAW CANE SUGAR
Imports1

Receipts,
Stocks
Refined,
Louisiat reincludFrom
From ana crop Meltings s fineries,
ing
Hawaii foreign
end of
at New
month 3 maple
and
Orleans *
countries
P.R.

YEAR AND MONTH

Long tons

$0. 049
.053
.059
.075
.088
.094

100
108
120
146
169
176

134, 225
125, 726
210, 908
246, 245
201, 760
272, 066

129, 447
120, 972
209, 971
237,004
204, 422
265, 707

242, 583
280, 333
364, 179
436, 913
308,662
592, 065

115, 706
106, 017
158, 830
191, 101
175, 770
184,473
202, 648

54, 891
34, 371
34, 739
68, 341
16, 520
16, 381
28,228

.075
.130
.048
.047
.070
.060
.043

.089
.126
.062
.059
.084
.075
.055

.104
.182
.077
.066
.094
.084
.064

205
353
146
132
184
167
131

328,
288,
291,
357,
290,
332,
420,

323, 441
274, 811
233, 140
428, 302
290, 065
332, 035
411, 793

647, 341
410, 287
1, 047, 721
617, 799
395, 339
455, 115
713, 576

818
404
836
541

154, 835
66, 522
32, 172
49, 393

24, 510
5,388
1,843
863

.060
.060
.058
.053

.071
.073
.073
.072

.078
.081
.082
.080

156
160
160
160

159, 772
85, 762
43, 574
101, 126

333,
194,
148,
109,

991
683
987
020

273, 426
145, 422
41, 460
23,850

2,996
403
432
518

299,040
413, 742
539, 058
542, 264

83, 659
123, 302
184, 668
282, 892

7,056
14, 108
21, 455
20, 284

.046
.046
.047
.045

.061
.058
.059
.056

.073
.070
.069
.067

147
140
140
136

637, 599
833, 934
876, 210
836, 676

375, 213
504, 146
677, 797
536, 148

293, 891
623, 658
802, 936
1, 158, 245

406, 475
386, 492
324, 997
287, 018

102
623
557
124

460, 822
478, 833
482, 824
438, 767

325, 906
376, 868
323, 647
235, 725

32, 258
34, 699
49, 457
67, 327

.043
.044
.043
.044

.055
.055
.053
.054

.062
.062
.061
.062

131
131
129
127

615,
309,
201,
179,

616
213
791
225

447, 557
487, 380
336, 775
333, 938

1, 290, 663
1, 121, 345
970, 025
822, 799

98, 530
70, 940
21,307
17, 939

320, 562
240, 030
220, 123
226, 953

None.
835
25, 248
27, 583

459, 875
385, 647
262, 894
349, 139

187, 739
94, 511
92, 709
120, 146

40, 624
21, 614
19, 131
10, 728

.043
.039
.040
.041

.054
.050
.051
.053

.062
.059
.058
.058

127
124
120
122

158, 009
125, 012
88, 119
181, 448

371,200
281, 210
262, 855
327, 298

594, 378
460, 709
292, 119
132, 148

58, 309
144, 273
150, 677
183, 482

233, 821
434, 095
453, 128
460, 240

28,386
1,980
258
136

367, 439
444, 259
497, 912
464, 740

89, 144
178, 803
290, 061
461, 857

6,553
9, 645
16, 141
11, 195

.042
.042
.040
.041

.051
.052
.049
.052

.058
.060
.059
.058

122
122
122
120

611, 099
769, 537
920, 480
757, 373

379,
445,
454,
465,

723
215
631
263

364, 430
684, 263
1, 107, 066
1, 452, 146

172, 569
94, 867

364, 473
385, 027

362
378

452, 681
491, 389

519, 595
541, 467

6,671
8,793

.042
.041

.055
.054

.060
.061

122
126

354, 890
254, 748

360, 464
357, 859

1, 442, 231
1, 327, 592

261, 149
298, 686
222, 005
362, 040
286, 806
307, 724
332, 711

8,154
4,704
8,812
9,236
14, 102
6,601
4,952

326, 547
334, 981
296, 130
429, 002
345, 730
378, 937
426, 075

1924
September
October.
November
December

68, 755
45, 339
20, 168
7,581

307, 558
242, 167
155, 064
132, 162

457
163
14, 057
37, 812

419,
344,
221,
151,

1935
January
February
March
April

53, 388
116, 390
140, 991
171, 490

274, 464
372, 693
446, 258
486, 471

144, 962
144, 345
118, 844
103, 961

May
June
July
August. .
September
October
November
December

.

_

_

Long tons

$0.043
.047
.056
.069
.077
.078

69, 322
70, 803
74, 572
68, 436
63, 575
79, 142
100, 257

.

Stocks,
end of
month

$0. 035
.038
.047
.058
.063
.064

16, 184
10, 109
8,501
14, 050
9,545
7,286

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

Rel. to
1913

Exports

2, 953
1,926
14, 524
35,838
58, 812
37, 602
15, 152

175, 664
201, 437
196, 569
205, 716
183, 802
192, 219

1919
1920
1921
1922
1923
1924
1925

CUBAN MOVEMENT'
(raw)

Raw, Gran96°
Gran- Index, Receipts,
ceii- ulated,
in
51
ulated,
Cuban
trifu- bbls.,
N.Y. cities
ports
•
K8.^. N. Y.
Dollars per pound

63, 336
66, 890
67, 984
69, 756
75, 683
80, 581
65, 951

1909-1913 monthly av
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average

RETAIL
PRICE *

360
281
342
892
609
554
238

1926
January
February
March
April

__

_ _

May ...
June
July.
August
September
October
November
December

1
Imports of raw cane sugar and exports of refined from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Imports from foreign countries are
mostly from Cuba and Central America while sugar from the Philippine Islands is also included in the imports from foreign countries, not in the data from noncontiguous
territories,
including Hawaii and Porto Rico. The original data in pounds have been converted into long tons for comparison with the other data.
2
Receipts of the Louisiana cane crop at New Orleans from the Statistical Sugar Trade Journal. These receipts total about half of the total domestic cane sugar production.
a Meltings of raw sugar by refiners compiled by the Statistical Sugar Trade Journal represent operations at the eight ports of Boston, New York, Philadelphia, Baltimore, Savannah, New Orleans, Galveston, and San Francisco, the Baltimore figures being added in 1921 upon completion of refinery in that city. The figures from the
four North Atlantic ports are actual monthly totals; those for San Francisco, Savannah, and Galveston are prorated from weekly totals; while the New Orleans figures are
rorated from partly estimated figures. Stocks represent the amount of raw sugar in the hands of refiners and of certain importers (the bulk of stocks being in refiners'
ands) at the end of each month for the four North Atlantic ports and on the Saturday nearest to the end of each month for the other ports, the total being considered as
of the last day of the month. Details of meltings and stocks, by ports, are given in the Statistical Sugar Trade Journal: also classification as between importers' and refiners'
stocks.
4
Wholesale price of raw sugar, duty paid, wholesale and retail prices of granulated sugar in New York, and retail price index for 51 cities from U. S. Department of
Labor, Bureau of Labor Statistics, representing averages of weekly prices, except retail prices which are as of the 15th of the month.
« Statistics of receipts at Cuban ports, exports from Cuba, and stocks at Cuban ports from Statistical Sugar Trade Journal. Monthly data from 1920 appeared in the
June, 1922, issue of the SURVEY (No. 10), p. 49.

E




90

Table 70.—COFFEE, TEA, POULTRY, AND FISH
TEA

COFFEE i

Clearances
Re- from Brazil Imports Imports
into
into
ceipts
YEAR AND MONTH
United United
in
To
World United Brazil
States
2
Total
States
*
U.S.
total States
Visible supply,
end of month

•
Thousands of bags
1909-1913 mo av 1913 monthly av__
1914 monthly av__
1915 monthly av
1916 monthly av_.
1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly av..
1921 monthly av_.
1922 monthly av._
1923 monthly av..
1924 monthly av._
1925 monthly av_.
1926 monthly av

11, 819
11,371
9,468
9,280

7,941
8,913
8, 730
5,863
4,857
5,145

POULTRY

Receipts
at 5
markets a

1,835
1,577
1, 727
2,017
2,611
1,851
1,213

955
1,151
1,072
1,249
1,009
1,261
762

990
1,207
1,103
1,261
1,014
813
831

393
491
474
544
610
536
359

75, 659
71,044
84, 256
102, 438
97, 241
107, 209
91, 788
111, 130

8,241
7,418
8,151
8,842
8,814
10, 566
11, 044
6,747

1,695
1,686
1,087
903
726
736

558
1,064
894
916
1,186
984

891
1,003
1,036
1,175
1,157
1,105

637
513
499
625
582
590

108, 118
111,956
103, 837
117, 321
118, 047
106, 915

7,567
6,374
8,093
8,927
7,701
8,437

18,239
21, 355
23, 559
28, 397
30, 265
26, 733

1,419
1,730
1,210
923

713
827
668
530

83, 637
133, 497
116, 349
114, 113

9,079
11, 794
10, 751
8,688

20,093
27,263

1935
January
February
March _ _ _ _ _ _
April

5,290
5,112
5,329
5,353

713
652
888
695

874
765
889
715

1,042
756
770
679

623
377
462
278

109, 048
79, 992
135, 167
86, 097

7,661
6,084
7,417
4,786

28, 402

May
June
July
August

5,123
5,009
5,126
5, 118

537
713
804
859

498
716
1,094
1,173

618
1,242
1,235
1,487

292
676
701
794

79, 548
87, 967
118, 493
97, 696

T)p,f>p,mbp,r

5,087
5,082
5,035
5,080

716
583
789
888

1,494
1,262
1,144
1,187

1,434
1,536
1,269
1,195

705
680
758
731

1936
January
February
March
April

4,753
4,761
4,747
4,464

685
798
743
694

1,157
939
1,056
761

1,007
1,236
1,071
1,235

4,387
4,491

583
647

748
901

893
889

September
October
November
December

__ __

Shipments
U. S.6

Exports
Canada ^

ColdReceipts storage
holdat 5
ings
mar(case
kets 8 eggs)
*
Thousands
of
cases 9

Cases

36,604
106, 083
60 167

44, 032
64, 798

18, 549
17, 358

62, 501
61, 764

46, 146
50, 278
54, 276
68, 045
64, 990
82, 046

15, 675
13, 608
16, 260
16, 023
17, 005
19, 901

45,296
44, 355
35, 311
36, 210
45, 041
44, 135

8,069
3,504
3,367

85,313
83,875
76,000

467, 086
471, 438
541, 804
513, 446

82, 833

1,224

4,156

106, 813
53, 396
75, 729
55, 896
93, 875
134, 938

1,079
1,251
1,335
1,391
1,284
1,290

3,261
4,171
5,137

5,355
4,597
5,308

116,476

1,672
1,536
1, 249
980

May
June
July
August

Canned salmon

15,999

738
772
803
' 611

September
October
November

Coldstorage
holdings
(15th of
mo.) 4

EGGS

10 13, 518
10 13, 549
10 14, 300
16, 936

5,653
5,734
5,661
5,388

_ _

Total
catch,
principal
fishing5
ports

Thousands of pounds

1934
• September
October
November _
December

_ _ __

Coldstorage
holdings
(end of
mo.) 4

FISH

1

40, 070
55, 139
87, 939
133, 990

19, 937
20, 215
14, 040
12, 353

56,607
67,025
70,406
68, 325

11,028

13, 539

138, 189
130, 513
108, 608
82, 732

18, 181
23, 708
18, 143

4,183
4,819
9,536
10, 144

16, 354
17, 918
17, 932
14, 466

68, 126
58, 562
53, 558
47, 946

133, 463
111, 920
115, 225
128, 371

11, 993
13, 088
11,067
10,468

18,804
27, 507
62, 272
68, 385

572
610
649
353

143, 268
122, 965
146, 048
129,064

7,546
7,080
5,776
4,891

554
511

85, 424
104, 720

3,149
4,907

7,409
5,267

687, 168
614, 164

216, 979
260, 354
224, 542
169, 875

876
747
456
524

55, 308
44, 034
29, 865
22, 442

394, 433
371, 422
203, 520
113, 206

219, 271
99, 521
134, 292
29, 396

618
1,177
1,846
2,563

17, 167
25, 261
24, 539
26, 839

23,749
31, 980
40, 458
47, 474

132, 926
279, 022
604, 231
757, 479

42, 063
20, 813

135, 313

44, 345
53, 787
86, 733
111, 501

28, 184
21, 186
15, 174
9,401

55, 447
58, 358
61, 849
58, 048

1, 205, 930
1, 100, 958
503, 149
659, 033

212, 625
216, 625
201, 646
196, 333

930
709
433
625

8,612

26, 765
19, 181
17, 638
13, 992

108, 512
95, 397
73, 124
52, 783

13, 644
14, 756
23, 751
18, 539

48, 181
37, 378
24,894
16, 154

325, 612
282, 987
368, 154
152, 126

115, 042

906
1,070
1,741
2,087

578
77
872

3,735

16, 519
21, 311

42, 808
36, 986

22,220
27,929

21,540
31,290

2,251
2,115

9,127

61, 784
79, 368

19,900
15,318

928, 769

1,085,539

51,917

81,854
94, 083
40, 313
27, 146

3,102
1,050

81
21
1,240

4,872

2,193 7,712
2,025 9, 482
1,315 10, 024
1,042 9,873
6,322
3,786
1,683

7,236

.

1 Data on coffee, except imports, from the New York Coffee and Sugar Exchange (Inc.). Receipts in Brazil cover the ports of Rio and Santos while clearances are from
Rio, Santos, and Victoria, and in the case of the United States, from Bahia also. A bag of coffee averages 132 pounds. Monthly data for 1920 and 1921 appeared in May,
1922,2 issue (No. 9), p. 102, and for 1922 in May, 1924, issue (No. 33), p. 156.
Imports of coffee and tea from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
3 Receipts at the markets of Boston, New York, Philadelphia, Chicago, and San Francisco compiled by the U. S. Department of Agriculture, Bureau of Foreign and
Domestic
Commerce, are totals of weekly figures with overlapping weeks prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
4
Cold-storage holdings at principal warehouses compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics. Poultry and egg holdings are given
as of the end of the month, with fish holdings as of the 15th of the month.
i Fish catch, representing landings of fresh fish from vessels at Boston and Gloucester, Mass., Portland, Me., and Seattle, Wash., compiled by U. S. Department of
Commerce,
Bureau of Fisheries. Details by ports are given in monthly statements. Monthly data from 1920 appeared in May, 1922, issue (No. 9), pp. 97 and 98.
6
Shipments of canned salmon from Puget Sound, Astoria, Portland, Oreg. (except small rail shipments), San Francisco, and in bond through Prince Rupert, B. C.,
representing practically complete pack of the United States, including Alaska, reported by Pacific Canned Fish Brokers' Association, in cases of 48 one-pound cans to the
case.7
Canadian exports of canned salmon from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the
Canadian
fiscal year ending March 31 of the year indicated, hence the 1926 average.
8
Compiled by U. S. Department of Agriculture, Bureau of Agricultural Economics, covering Boston, New York, Philadelphia, Chicago, and San Francisco, and representing total of weekly figures with first and last weeks of month prorated. Monthly data from 1920 appeared in June, 1922, issue (No. 10), p. 43.
» One case of eggs equals 30 dozen, or about 45 pounds net
i* Excluding Portland and Seattle.




91

Table 71.—TOBACCO
MANUFACTURED PRODUCTS

UNMANUFACTURED

Wholesale
price 3

Stocks 4
(quarterly)
Sales,
Production loose-leaf
Exports, Chewing,
(crop l
leafs
waresmoking,
estimate) houses 2
snuff, and
export
types

YEAR AND MONTH

Cigar
types

Burley,
Total,
good
including leaf,
imported dark red,
types
Louisville

Thousands of pounds
1909—1913 monthly average
1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
19^7 monthly av^raga
1918 monthly average
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

_

___
._ __
_

996, 176
953, 734
1, 034, 679
1, 062, 237
1, 153, 278
1, 249, 276
1, 439, 071

Consumption 6
(tax-paid withdrawals)
Manufactured
tobacco
and
snuff 3

Large
cigars

Dollars
per 100
pounds

Thousands of
pounds

$13. 20
14.65
13.79
15.23
22.30
36.57

36, 990
36, 745
36, 863
38, 847
40, 248
41, 423

630, 959
597, 849
549, 932
586, 844
629, 991

Exports 3

Small
cigarettes Cigarettes

Thousands

31,417
36, 754
28, 827
35, 877
39, 784
21, 186

33,656

1, 465, 481
1, 582, 225
1, 069, 693
1, 246, 837
1, 515, 110
1, 242, 456
1, 349, 660

e 82, 149
65, 280
74, 254
41, 601
42, 028
40, 344
52, 398

63, 826
38, 946
42, 946
35, 907
41, 434

1, 195, 099
1, 181, 620
1, 360, 661
1, 242, 456

68, 075
83, 090
66, 854
71, 676

37, 907
56, 821
45, 722
44, 545

93, 551
51, 833
14, 556

4,307

36, 150
24, 127
32, 475
SO, 850

1,156
239
69
39, 144

22, 415
27, 460
39, 037
34, 890

91, 682
98, 657

50, 694
52, 784
51, 141
68, 375

48,005
39, 201

821, 564
923, 240
975, 427

286,007
275, 770
291, 214

1, 234, 014
1, 224, 524
1, 343, 396
1, 165, 332
1, 250, 801
1, 337, 747

587,796

1, 296, 308
1, 404, 636
1, 497, 029
2, 107, 525
2, 944, 272
3, 888, 075

1, 030, 642
1, 026, 109
1, 227, 487
1, 121, 075
1, 207, 714
1, 329, 960
1, 383, 519

303, 343
327, 185
344, 617
386, 091
404, 584
410, 435
398, 243

1, 402, 525
1, 440, 507
1, 650, 022
1, 587, 422
1, 689, 639
1, 814, 686
1, 864, 016

32.35
34.18
29.28
27.50
27. 78
26.03
24.79

35, 339
33, 324
32, 208
35, 019
34, 342
34, 415
34, 194

589, 363
661, 418
563, 218
574, 383
583, 241
554, 867
541, 729

4, 426, 649
3, 720, 072
4, 240, 181
4, 463, 752
5, 370, 890
5, 917, 368
6, 663, 134

1, 350, 981
1, 319, 489

1, 239, 936

407, 066

1, 724, 767

1, 266, 083

371, 043

1, 713, 670

24. 50
24.50
24.50
24.50

36, 715
38, 043
30, 210
28, 871

605, 608
635, 231
601, 413
511, 277

6, 273, 217
6, 488, 187
5, 356, 074
5, 441, 526

867, 829
697, 089
838, 842
837, 663

24.50
24.50
24.50
24.50

35, 457
33, 172
34, 346
34, 159

474, 803
451, 562
504, 304
493, 775

6, 652, 475
5, 681, 227
6, 270, 421
6, 048, 354

707,071

24.50
25.00
25.00
25.00

34, 338
34, 630
35, 653
35, 358

514, 509
569, 743
575, 823
557, 432

6, 465, 490
7, 434, 013
7, 612, 281
6, 983, 027

1, 004, 479
709, 665
316, 902
714, 978

25.00
25.00
25.00
25.00

36, 154
38, 061
30, 342
28, 657

575, 764
711, 222
598, 478

473,336

7, 119, 055
6, 925, 427
6, 516, 922
6, 248, 920

336, 145
488, 130
499, 756
943, 158

25.00
25.00
25.00
25.00

34, 411
34, 054

6, 943, 815
6, 240, 142
7, 633, 201
6, 972, 836

851, 531
513, 193

33, 891

433, 673
451, 204
564, 245
509, 133

22.60
21.00

34, 380

507, 253

7, 257, 751

810, 469
835, 462

915,452

369, 802
344, 971
361, 114

193, 234
200, 602
173, 015
354, 889
584, 977
1, 012, 128

711,973
956, 334
1, 027, 303
882, 616
678, 803

1924
September
October
November
December __

_

1925
January _ _ _
February
March
April

_

May
June
July
August

____
__

._.

September
October
November
December.

...

1, 282, 916
1, 234, 096

__
_

_ _

1, 247, Oil
1, 228, 972
1, 264, 226
1, 349, 660

112,615
120, 972

1, 522, 217

422, 966

2, 035, 678

1, 337, 784

423, 975

1, 847, 225

1, 289, 44

389, 913

1, 754, 596

1,384,627

356, 119

1, 818, 564

734, 952
720, 837
969, 566

1926
January _.
February
March . _
April

May
June
July
August
September
October
November
December.

_
. _

__

_

111, 199
83, 462
25, 210
15, 078

46, 891
47, 147
36, 167

4,189

27, 431
30, 762

7,660

1, 531, 617

433, 479

2, 040, 067

43,388
1, 372, 438

424, 460

1, 868, 296

37,428

906,029
946,711
866, 705
1, 061, 448

1, 139, 251

_

__

;

* Estimate of production of the tobacco crop from the If. S. Department of Agriculture, Bureau of Agricultural Economics. The annual figures represent the latest revised
estimates of the year's total crop, not monthly averages, while the monthly figures represent the current estimate of the total crop for the year made the first week of each
month.
Kevisions of the December estimate for each year are made in December of the following year.
2
Sales of tobacco from loose-leaf warehouses compiled by the Federal Reserve Board, Division of Research and Statistics from reports of State authorities of Kentucky,
North Carolina, South Carolina, and Virginia, which States grow about 75 per cent of the total tobacco crop. Sales from Kentucky were not available for the first six
months of 1919, so that the year's figure is partly estimated by estimating the Kentucky figures for the first half year as equal to the sum of the sales in the other reporting
States, which is approximately the normal proportion of Kentucky sales to the total.
s Exports from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
4
Stocks of leaf tobacco held by manufacturers and dealers compiled by the U. S. Department of Commerce, Bureau of the Census. During the years 1913,1914,1915,
and 1916 the data were collected semiannually in March and September, the quarterly collection commencing with December, 1916. Therefore the averages for the years
19136through 1915 are semiannual, while for 1916 three quarters are averaged, and thereafter four quarters.
Wholesale price of burley, good leaf, dark red tobacco at Louisville is averaged for the month compiled by the TT. S. Department of Labor, Bureau of Labor Statistics.
6
Figures of consumption of tobacco products from U. S. Treasury Department, Bureau of Internal Revenue, represent withdrawals from bonded warehouses upon payment of tax for domestic consumption. The figures for manufactured tobacco and snuff comprise plug, twist, fine-cut, and smoking tobacco and snuff. Figures for cigars
are those for large cigars, weighing over 3 pounds per thousand, while for cigarettes, small cigarettes are taken, weighing 3 pounds per thousand or less; in both cases the
series taken represent over 90 per cent of the totals for each class.




92

Table 72.—OCEAN TRANSPORTATION
SHIP CLEARANCES 1

VESSEL
LOSSES 2
(quarterly)

INDEXES
OF OCEAN
FREIGHT
RATES

SHIP CONSTRUCTION

Under

Completed during conmonth s
struc-

Vessels in foreign trade
YEAR AND MONTH

Lost
Amer- Foreign Total
ican

Total

Thousands of net tons 4

1,250
1,000
1,340
1,537
1,666
1,563
2,083

3,333
3,017
2,826
2,895
2,467
2,184
2,189

4,483
4,017
4,166
4,433
4,133
3,748
4,271

31, 075
38,378
44, 398
32, 960
66, 781
101, 420
42, 411

10, 895
13, 495
19, 772
13, 512
11, 452
9,596
6,910

1920
1921
1922
1923
1924
1925

2,836
2,507
2,639
2,328
2,503
2,329

2,816
2,704
2,756
3,228
3,232
3,525

5,653
5,211
5,395
5,556
5,735
5,854

62, 090
48, 291
28,842
31,216
31, 772
21, 527

2,872
2,922
2,633
2,073

3,607
3,881
3,066
2,812

6,479
6,803
5,699
4,885

1, 820
1,750
1,993
2,405

3,307
2,800
3,058
3,217

5,126
4,550
5,051
5,622

2,439
2,481
2,578
2,586

3,518
3,897
4,255
4,331

5,957
6,378
6,833
6,917

2,450
2,991
2,451
2,003

3,789
3,581
3,220
3,328

6,239
6,572
5,671
5, 331

1,600
1,590
1,721
1,838

3,016
2,929
3,313
3,383

4,616
4,519
5,034
5,221

2,536
2,640

3,529
4,445

6,065
7,086

monthly average. ..
monthly average
monthly average. . .
monthly average. ._
monthly average. ..
monthly average. _ _

1924
September
October
November
December

._

1925
January
February
March
April
May
June
July
August

-

_-

September
October
November
December

___

1926
January
February
M_arch
April
May
June
July
August
September
October . .
November
December

Steel

sea-

going

Mer-

chant
vessels
Thous.
of gross
tons 4

Gross tons 4

1913 monthly average. .1914 monthly average. ..
1915 monthly average. ..
1916 monthly average. ..
1917 monthly average
1918 monthly average. ..
1919 monthly average. _.

852
849
' 849
754

12, 346
6,665
8,651
11,690

168
177
184
183

225

553

737

2,581

102

197

389

656

2,470

102

15, 073
5,329
23,966
15, 526

12, 838
3,340
18, 808
6,261

190
185
196
238

31, 826
18,687
30, 101
8,415

16, 200
9,767
21, 951
1,631

177
186
157
155

21, 758
17, 516
9,844
13, 096

17, 191
12, 210
3,283
9,339

162
170
186
232

8,629
7,578
33, 016
22,874

4,517
312
28,850
18, 096

268
251
228
229

16, 377
22, 819

7,179
13,724

223
199

12, 148

129, 255

50, 456

80,423

25, 875
11, 414
12, 650
15, 167

36, 595

5,048

25,845

73,945

Rel. to
1911-13
av.

254
257
625

208, 557
102, 157
13, 239
9,774
10, 854
11, 068

3,477

Thous.
of gross
tons 4

1,466
1,085
617
410
505
541

238, 394
115, 569
28, 246
24, 099
17, 507
17, 595

12,349

No. of
ships

440
344
213
163
218
201

8,556
15, 272
34, 173
171, 683
168, 445
35, 845

37, 149

Thous.
of gross
tons 4

1,188
546
231
197
173
186

1,236

15, 101

No. of
ships

833
713
300
422
735
1,362
1,786

18, 836
46, 225
86, 192
226, 773
354, 845

97,705

Under construction, end
of month

Launched

Liner
Charter rates,
rates, Atlantic
world ports to
7
routes 6 Europe

438
330
186
241
278
467
621

28, 846
26, 354
9,548
27, 094
50, 895
155, 110
294, 849

22, 064

World fi (quarterly)

tion 3

Abandoned

100

384
272 8 10O.O
160
36.0
114
25.5
108
22.1
106
25.3
99
25.9

194

606

676

2,397

103

212

593

674

2,370

96

207

476

609

2,207

98

191

489

539

2,070

99

134

461

358

Eel. to
Jan.,
1920

624

2,010

26.6
28.1
28.1
26.8
26.9
25.5
25.6
26.0
25.6
23.7
24.1
24.3
26.2
27.7
27.5
27.4
26.3
25.2
24.3
24.2

1,971

.

1
Tonnage of vessels cleared in foreign trade from U. S.. Department of Commerce, Bureau of Foreign and Domestic Commerce.
2 Vessels lost and abandoned, representing all classes of American vessels, from U. S. Department of Commerce, Bureau of Navigation, given for quarter ending in month
stated,
yearly figures representing quarterly averages. Scrapped vessels are included under abandoned vessels.
3
From the U. S. Department of Commerce, Bureau of Navigation. The total completed includes ocean-going, lake, and river vessels built and officially numbered, in. eluding vessels of the U. S. Shipping Board and private American owners, but not vessels built for foreign owners. The column on merchant vessels under construction
includes all kinds of ships except Government vessels building or under construction at the end of the month. Monthly data from 1915 given in the January, 1924, issue
of the4 SURVEY (No. 29), p. 49.
Net ton represents 100 cubic feet internal carrying capacity after prescribed allowance for crew and engine space, while gross ton represents in units of 100 cubic feet
the entire
cubical capacity of the vessel, including crew and engine space.
6
Quarterly data on world ship construction compiled by Lloyds', covering all vessels of 100 tons and over, except that from 1914 to 1921 figures for Germany are not
included.
6
Compiled by 17. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, covering six tramp-ship commodities over 12 world-wide trade routes.
7 The index of ocean freight rates compiled by the Federal Reserve Board, Division of Research and Statistics, represents rates to 17 ports in Europe. The index numbers
are weighted by the geometric means of these rates. The weights include the relative importance of each port and also the relative importance of the 5 principal productsgrain, provisions, cotton, cottonseed oil, and sack flour. Monthly data from 1920 appeared in the September, 1922, issue of the SURVEY (No. 13), p. 50. Rates to the
United Kingdom were given separately in all issues up to the February, 1925, issue (No. 42), p. 109.
8 January, 1920.




93

Table 73.—RIVER AND CANAL CARGO TRAFFIC
RIVERS

CANALS
Panama *
YEAR AND MONTH
Total

In
American
vessels

In
British
vessels

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

_
.
. -

1924
January
-- February _ _
IVIarch
April
May
June
July
August
September
October
November
December
1925
January
February
- ---.
March _ _
April
-.
May
- -- —
June
- -- -July
August
-. -- -September
_
October
November
December
1926
January __ _.
February
March
_ __
April
May
- _
June
July
August
_
September
October
November
December

New
York
State 3

Thousands of
short tons

Long tons
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925

Sault
Ste.
Marie 2

407, 371
257, 843
588, 214
627, 669
576, 385
781, 208
961,601
907, 078
1, 630, 409
2, 157, 679
1, 891, 773

182, 325
70, 738
122, 977
174, 856
229, 907

183, 376
130, 888
282, 813
217, 973
156, 412

378,928
431, 613
412, 543
912, 857
1, 256, 468
1,056,498

235, 856
310, 161
277, 488
410, 762
529, 380
498, 002

2, 427, 332
2, 243, 616
2, 272, 472
2, 158, 721

1,401,908
1, 351, 116
1,372,894
1,296,445

589, 988
507, 425
503, 068
523,904

2, 353, 986
2, 022, 850
2, 097, 154
1, 958, 479

1, 334, 499
1, 558, 994
1, 195, 574
1, 071, 501

630, 247
533, 242
538^212
445, 234

2, 112, 264
2, 017, 980
1, 961, 603
2, 265, 687

1, 187, 512
1, 056, 777
972, 431
1, 265, 968

527, 050
514, 958
514, 812
524, 498

1,907,469
1,839,619
2, 104, 324
1, 950, 902

942,264
1, 037, 308
1, 221, 325
1, 113, 668

516, 974
428, 091
509, 583
451, 991

1, 823, 042
1, 920, 323
1, 960, 654
1, 912, 217

986, 830
1, 029, 044
1, 063, 361
1, 013, 480

443, 586
502, 069
475, 744
482, 277

1, 891, 988
2, 009, 171
2, 023, 398
2, 358, 170

983, 470
967, 587
1, 025, 914
1, 293, 725

476, 082
626, 160
522, 228
541, 243

2, 346, 643
2, 139, 207
2, 607, 046
2, 237, 567

1, 152, 416
1, 092, 241
1, 402, 726
1, 156, 986

625, 336
522, 631
701, 497
626, 064

2, 416, 701
2, 134, 686

1, 369, 156
1, 189, 894

289, 337
562, 242

Cape
Cod 4

Suez 5

St.
Welland e Lawrence
6

of
Gross tons Thous.
met. tons

9,965
6,921
8,911
11,486
11, 227
10, 710
8,529
9,910
6,032
8,259
11, 203
9,042
10, 234

372
297
265
232
185
166
177
203
208
262
312
290
335

None.
None.
None.
1,610
9,873
11, 077
11, 040
11, 051
9,661
10, 328
6,619
1,079

None.
None.
None.
None.
205
269
353
290
275
344
249
47

182, 925
128, 646
129, 904
186, 694
355, 918
383, 446
446, 965
412, 036

None.
None.
None.
3,604
11, 210
10, 942
11, 668
11, 663
10, 904
11, 637
8,409
1,838
None.
None.
None.
2,000
10, 157
12, 910

104, 285
66, 555
129, 625
192, 450
158,600
114, 406
103, 226
115, 678
268,678
244,800

1,164
1,421
1,459
1,780
1,898
2,122
2,215

Mississippi

Ohio

Governmentowned
barges 7

Pittsburgh to
Wheelings

Short tons

370, 105
422, 208
464, 809
531, 260
682, 534
765, 858

388, 429
518,795
597,653
641,944
759, 067 1
851,407

8,731
13, 392
36, 939
49, 841
59, 203
70, 792
75,896

298, 766
538, 380
523, 497
588, 130

403, 323
307, 473
138, 960
147, 840

2,115
1,743
2,122
2,117
1,965
2,206
2,407
2,228

None.
None.
None.
198, 683
695, 335
715, 714
744, 385
711, 009
677, 885
746, 328
487, 085
60,988

None.
None.
None.
144, 637
745, 970
802, 993
850, 588
787, 080
751, 763
858, 240
516, 837
78,266

82, 179
80,229
74, 117
81, 528
69, 916
82, 565
70, 387
76,609
80, 537
57,604
39, 603
54,229

246, 033
335, 451
483, 250
411,499
606, 667
501, 075
439, 861
609,940
573, 668
714, 421
795, 527
564, 578

None.
None.
None.
65
300
316
386
280
391
289
316
None.

104, 598
89, 119
92, 874
94,464
382, 411
390, 671
412, 859
421, 193
387, 542
353, 106
109, 760
99,004

2,305
2,209
2,724
2, 548
2,316
1,974
2,050
2,030
2,087
2,135
1,970
2,230

None.
None.
None.
209,829
719, 765
651, 135
831, 814
877, 506
768, 235
850, 058
662, 501
69, 455

None.
None.
None.
150, 574
794, 803
797, 566
938, 126
989, 128
823, 315
933, 423
693, 497
86, 556

81,087
95,907
91, 787
98, 417
97,349
75,283
79, 361
64,913
46, 070
67, 627
47, 361
65, 593

365, 970
345, 183
401, 371
572, 528
633, 605
565, 228
609,727
716, 142
668, 392
739, 635
603, 125
836,650

None.
None.
None.
None.
229
399

96,845
105, 010
162, 282
196, 661
421, 145

2,245
2,061
2,471
2,255
1,964

None.
None.
None.
None.
653, 025

None.
None.
None.
None.

2,017
2,030
2,268
2,241

744, 510

57,996
155, 339
49, 975
273, 207
74,688
571, 193
72,682
761, 947
95, 605
852, 732
90,000 1, 045, 889

1
Panama Canal traffic, reported by the Panama Canal, represents tonnage of cargo carried by commercial vessels. Yearly figures refer to fiscal years ending June 30.
2 Traffic through the Sault Ste. Marie canals, including both the American and Canadian canals, reported by U. S. War Department, Engineer Corps. Monthly averages for each year are for eight months during which the canals are usually open—that is, the yearly totals are divided by eight in order to present a figure fairly comparable with current monthly movements. Monthly data distributed by classes of commodities, covering the years 1913-1922, appeared in the March. 1923, issue (No
19), pp. 48 and 49.
3 Traffic through New York State canals from New York State Superintendent of Public Works. About two-thirds of this traffic goes through the Erie Canal and onethird4 through the Champlain Canal. Monthly averages for each year are for the seven months during which the canals are usually open.
Cape Cod Canal traffic from the Boston, Cape Cod & New York Canal Co. The average for 1916 is an average of nine months of operation. Monthly data from 1920
appeared
in the September, 1923, issue (No. 25), pp. 55 and 56.
5
Suez Canal traffic from Le Canal de Suez.
6
Data from the Dominion Bureau of Statistics, Canadian Department of Trade and Commerce. Monthly averages for each year are for seven months during the equivalent
of which
period the canals are usually open—that is, the year totals are divided by seven in order to present a figure fairly comparable with current monthly movements
7
Cargo tonnage on Government-owned barge line on Mississippi Eiver between St. Louis and New Orleans from U. S. War Department, Mississippi- Warrior Service.
Receipts and shipments of cargo by river at St. Louis, now discontinued, appeared in August, 1925, issue (No. 48). Monthly data from 1920, including Government bargeline traffic, appeared in July, 1922, issue (No. 11), p. 45.
8 Data on Ohio River commerce from the U. S. War Department, Engineer Corps, represent total cargo traffie between Pittsburgh and Lock and Dam 11, located between Wellsburg and Wheeling, W. Va. The total of 3,585,188 short tons shown for the months of 1922, from which the average is computed, does not include the annual
total of 1,327,199 short tons not shown separately by months, the total movement for 1922 being 4,912,387. Data are available from 1910 to 1914 for traffic between Pittsburgh
and Lock No. 6 (near Beaver, Pa.), and from 1915 to 1921 between Pittsburgh and Lock No. 10 (near Steubenville, Ohio). Traffic between Pittsburgh and Lock 10 amounted

to 4,733,620 short tons in 1920 and 2,840,978 in 1921.


94

Table 74.—RAILWAY, PULLMAN, AND EXPRESS OPERATIONS
OPERATION
NET
RESULTS *
TOTAL
OPER- OPERATING ATING
RePasINEXTotal PENSES COME Tons ceipts senoperat2
Freight Passenper
carrie'J
gers
ger
()
0)
ing
Imile toii- carried
mjle imile
RE VENUES i

YEAR AND MONTH

Millions Cents
of tons

Thousands of dollars
1913 monthly av
1914 monthly a v
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly
1926 monthly

av
av
av
av
av
av
av

Millions

PULLMAN C0.«

Revenue

EXPRESS
EARNINGS e

Total
Passen. operat- Operating
gers
ing
in{KJBiSeS
carried reve- come
nues

Ex-

Thousands of
dollars

Thousands

Thousands of
dollars

CANADIAN
RAILWAYS '
Freight
carried
imile

Net
operating
revenue

Thousands
of tons

Dollars

$176, 916
165, 943
178, 804
214, 784
236, 177
288, 183
296, 410

$57, 548
54, 230
53, 798
58, 980
68, 935
86, 056
98, 334

$255, 139
241, 608
256, 630
302, 104
337, 539
410, 549
432, 005

$181, 732
173, 916
171, 926
198, 031
238, 184
334, 767
368, 287

$59, 900
53, 451
70, 002
87, 265
81, 232
57, 759
43, 034

s 27, 338
3
26, 163
25, 232
31, 126
34, 943
36, 410
33,034

360, 304
327, 328
334, 076
385, 465
362, 412
379, 424

107, 285
96, 172
89, 686
95, 636
89, 724
87, 994

518, 785
464,429
468, 291
529, 118
498, 963
515, 553

485, 861
383, 651
371, 397
412, 081
379, 970
381, 946

4,846
51, 329
64, 748
81, 911
82, 229
94, 987

37, 412
28, 730
31,316
38, 134
35, 802
35, 520

1. 052
1. 275
1. 182
1.115
1.115
1. 097

3,904
3,111
2, 877
3, 167
3,010
2,998

6,012
5,370
5, 465
6,048
6. 063
6,683

4,637
5,395
4,. 419
4, 657
5, 134
5, 293

3, 271
2,600
2,646
2,854
2,841
2,961

16, 306
15, 640
13, 006
13, 441
12, 909
12, 829

3,615
260
116
105
91
101

2, 605, 416
2, 199, 492
2, 202, 005
2, 602, 303
2, 862, 085
2, 454, 315
2 714 639

419, 703
3, 034, 176
3, 895, 609
4, 138, 222
5, 829, 025
5, 2SO, 183
7,351,315

2, 211, 809
2, 353, 797 j
3, 640, 230
4, 745, 483 j

1!

0.719 3 2, 823
.723 s 2, 881
.722 3 3, 649
.707 2,882
.715 3,290
.849 3,556
.973 3,863

$3, 445 $2, 345 s 2, 072
3,284
2,294 3 2, 182
2,234 3 2, 021
3,483
3,684
2,573 2, 326
4,311 2,954 2, 691
4,164 3,383 2,397
5, 756 4,052 3,112

$12, 613 $2,092

I

1, 919, 413 $6, 224, 251
1, 838, 608 5, 342, 357
1, 471, 776 4, 342, 664
2, 349, 614 6, 915, 408
2, 598, 892 7, 323, 404
2, 585, 756 4, 688, 726
2, 245, 883 2, 650, 772

1924
May
June
July
August

344, 787
323, 375
340, 088
358, 511

85, 618
95, 953
97, 359
104, 553

477, 529
465. 670
481, 826
508, 506

381, 486
364, 229
370, 100
373, 671

60, 930
65, 801
74, 368
95, 707

33, 915
31, 967
33, 185
36, 447

1.127
1.122
1,134
1.090

2,867
3,318
3, 470
3,673

5,831
6, 717
6, 345
7,182

5,158
4,623
5,421
4,998

2, 685
3,118
3, 097
3,491

13, 322
12, 887
12, 818
12, 632

91
78
79
100

2, 465, 232
2, 493, 968
2, 053, 808
1, 599, 078

September
October
November
December

399, 214
439, 042
380, 992
362, 217

93, 201
82, 886
78, 791
90,850

541, 047
572; 872
505, 889
505, 176

381, 792
404, 038
374, 410
381, 475

117, 018
127, 223
93,396
86, 695

39, 064
43, 134
38, 067
35,006

1.123
1.115
1.094
1.095

3,212
2,773
2,613
2,932

6, 512
6,005
5, 242
5,887

5,072
5,076
5,244
5,470

3,167
2,773
2,509
2,719

13, 035
13, 246
12, 846
11,394

117
111
84
111

2, 125, 643
3, 625, 576
3, 572, 741
2, 582, 905

7, 512, 500
12, 743, 845
10, 601, 800
7, 791, 398

1935
January
February
March
April

350, 766
336, 946
360, 779
347, 166

88, 739
77, 599
79, 588
78, 410

485, 019
455, 185
486, 668
473, 692

383, 962
355, 686
377, 401
370, 777

66,060
65, 151
73, 375
66, 465

37, 026
33, 570
35, 332
33, 571

1.057
1.100
1.128
1.141

2,890
2,549
2,620
2,596

6,320
5, 652
6,270
6,008

5,202
4,993
5,421
5,168

2,800
2,503
2,651
2,701

12, 432
12, 357
12, 875
13, 041

80
80
111
22

2, 119, 513
2, 138, 117
2, 407, 872
1, 976, 103

1, 523, 954
2, 334, 827
4, 417, 492
3, 120, 268

May
June
July
August

359, 367
365, 988
377, 517
403, 311

82,043
92, 596
97, 916
103, 961

488, 962
506, 809
522, 427
555, 367

375, 999
375, 936
382, 905
388, 970

76, 154
91, 751
99,463
124, 805

37, 147
35, 863
37, 968
41, 723

1.081
1. 115
1.093
1.069

2,798
3,280
3,537
3,751

6,367
7,291
7,562
7,768

5,182
5, 21-6
5,003
5,020

2,777
3,150
3,276
3,633

12, 791
12,804
12, 753
12, 567

101
99
102
115

1, 863, 804
1, 827, 444
2, 062, 696
1, 855, 290

1,804,968 1
2, 137, 395 j
6, 417, 632' j!
8, 136, 550

September
October
November
December _

419, 643
450, 493
402, 411
379, 505

95, 705
86, 464
81,095
91,997

565, 452
591, 313
532, 827
524, 007

388, 096
410, 352
384, 514
389, 650

134, 585
137, 700
106,943
94,667

41, 322
44,062
40, 786
37, 869

1.103
1.114
1,079
1.085

3,335
2,908
2,699
2,985

7,409
6,818
6,052
6,680

5,190
5,841
5,492
5,784

3,385
3,039
2,742
2,869

13, 152
13, 465
13, 102
12,608

154
210
137
*5

3, 316, 927
4, 018, 594
4,051,492
4, 147, 758

11, 537, 61&
16, 705, 701
13, 871, 101
11, 559, 923

1926
January
February
March
April

347, 568
340, 276
401, 197
370, 024

89, 505
78, 595
80, 779
80,641

480, 995
460,204
530, 453
499, 662

378, 649
360, 590
396, 473
384, 833

65, 725
63, 289
94,522
76, 282

37, 678
35, 414
38, 672
36, 317

1,032
1,066
1,133
1,121

2,913
2,579
2,644
2,661

7,107
6,032
6,387
6,326

5,543
5,266
5,703
5,876

2, 991
2,608
2,718
2,810

12, 378
12, 324
12, 952

86
102
119

2, 589, 558
2, 378, 618
2, 487, 468
2, 109, 277

1, 061, 904
3,914,311
7, 948, 413
5, 562, 997

385, 073

82, 783

517, 423

388, 763

88,105

39, 833

6,470

5,557

2,817

2, 630, 257

6, 228, 919

-.

.

May
June
July
August
September _
October
November.-.
December

!

I
_ _

_-

__

i

-

1
i

|

"Deficit.
i Data from the Interstate Commerce Commission, covering Class I railroads, those having annual operating revenues in excess of $1,000,000, which comprise 193 railroads
with2 about 98 per cent of the total operating revenues of all railroads.
• Net railway operating income, from the Interstate Commerce Commission reports on Class I railroads, includes net operating revenue (equal to the difference between
total operating revenue and total operating expenses), from which there have been deducted railway tax accruals, uncollectible railway revenues, equipment, and joint
facility rents.
34 Fiscal year ending June 30 of year indicated.
Data from Bureau of Railway Economics, except tons per mile for 1915 and 1916, from Interstate Commerce Commission. Monthly data on ton-mile operations from
19168appeared in December, 1923, issue (No. 28), p. 52.
Pullman passenger traffic furnished by The Pullman Company; revenues and expenses from its reports to the Interstate Commerce Commission.
6
Repprts to the Interstate Commerce Commission of the American Railway Express Co., to which are added reports of the Southeastern Express Co. from the time of
its organization in May, 1921, thus presenting practically complete reports of the express business on railroads. Operating income includes net operating revenue (equal
to the
difference betweea total operating revenues and operating expenses) from which have been deducted uncollectible revenue from transportation and express ta\es.
7
Annual figures, from Department of Trade and Commerce, cover all railroads in Canada, average for the fiscal year ending March 31 of the year indicated; monthly
reports cover all railroads with annual operating revenues of $500,000 or over, which includes 98 per cent ofthe total revenues of all roads. Monthly data from 1920 appeared
in July, 1922, issue" (No. 11), p. 45.




95

Number

Tractive
power Number
(mills.
of IDS.)

UNFILLED
ORDERS, MANUFACTURERS 2

Domestic
Total

Steam Electric

Per
cent
of
total
in use

Domestic
Total

Steam Electric

J"2E

Mining

23.8

18

5 25. 3
23.9
26.4
19.0
17.4
16.9

4 265
187
144

4230
179
250

166
20
217
165
118
83

224
130
117
281
129
101

110
69
88
248
109
63

26
18
11
17
8
12

1,447
367
892
1, 638
499
467

894
206
787
1,488
386
335

122
57
40
85
61
46

40
59

143
84
31
22
27
30

"

64, 757
64, 962
64, 370

2, 573
2, 592

5, 559
17, 026
12, 204
11, 105
10,819

65, 071
64, 964
54, 882
64, 871

2, 586
2, 586
2,587
2,589

11,329
11, 095
11,574
11,267

17.6
17.2
18.0
17.5

160
113
181
295

151
220
263
304

111
148
99
189

107
103
138
158

79
78
122
126

5
6
6
22

409
495
424
439

294
358
292
325

55
67
68
50

37
76
70
64

51
37
29
25

1935
January
February
March
_ _ __
April
_

64, 824
64, 779
64, 747
64,509

2,591
2, 592
2,593
2,587

11,315
11, 407
11,613
11, 101

17.6
17.7
18.1
17.3

167
125
138
171

213
169
170
409

27
49
106
84

98
88
117
101

41
69
88
78

12
7
13
14

414
414
461
490

322
318
324
343

44
51
51
41

81
77
83
82

39
13
27
19

May
June
July
August

64, 484
64, 435
64, 420
64, 357

2,590
2,591
2,594
2,596

10, 902
10, 917
10, 658
10, 551

17.0
17.1
16.7
16.5

147
179
139
147

172
224
170
210

51
16
39
26

101
114
76
118

65
58
56
91

9
8
12
6

478
411
386
334

324
274
259
199

48
47
39
48

80
66
59
45

45
43
12
11

September
October
_
November
December

64, 257
64, 142
63, 869
63, 619

2,596
2,595
2, 589
2,585

10, 643
10, 230
10, 725
9,769

16.5
16.1
16.9
15.4

129
150
112
129

229
266
394
379

86
199
101
216

100
93
106
104

42
47
52
68

16
21
8
18

390
530
585
708

278
336
435
557

41
40
46
54

37
33
32
35

22
56
38
38

1926
January
February
March
April __

63, 593
63, 548
63, 548
63, 440

2,588
2,592
2,596
2,597

10, 087
10, 076
10, 191
9,836

16.0
16.0
16.2
15.6

191
175
204
189

206
222
205
295

60
13
204
251

121
163
162
151

96
101
146
122

11
22
11
12

653
572
780
713

506
442
635
580

53
60
50
44

38
40
103
95

58
38
20
9

63, 352
63, 266

2,598
2,601

9,266
9,228

14.7
14.7

174
184

262
270

50
191

140
159

105
133

14
11

726
667

585
522

46
53

92
84

15
15

1921
September
October..
November
December

:

„__

_

May
June
July
August

Indust'I

•QC

41
22
52
69
148
89
80

j
|

4

SHIPMENTS,
ELECTRIC
LOCOMOTIVES 7
(quarterly)

Number of locomotives

||

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av
1920 monthly av
1921 monthlv av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av.

Bad order

SHIPMENTS BY
MANUFACTURERS 2

BUILDING IN
Rs 11. SHOPS i
(end of mo.)

Tetal owned

RETIRED i

YEAR AND MONTH

INSTALLED 1

•
ON RAILROAD LINES 1
(end of month)

ORDERED
FROM MFRS.3

Table 75.—LOCOMOTIVES

8318
8142
§172

822

141

9

153

14

151

7

120

19

187

13

228

16

165

19

815
814

September
October
N o vember
December
1
Locomotives in bad order, both passenger and freight, on Class I railroads, and number owned, retired, and building from American Railway Association, Car Service
Division.
Data for 1919 on bad-order locomotives from U. S. Railroad Administration.
2
Reported direct to the U. S. Department of Commerce, Bureau of the Census, by principal locomotive manufacturing companies, exclusive of railroads making locomotives "in their own shops. Both steam and electric railroad locomotives are included in these data, the totals including foreign as well as domestic business. Monthly
data from 1920 showing both shipments and unfilled orders for domestic and foreign business classified between steam and electric, appeared in the May, 1926, issue, No. 57
p. 25.
3 Data from the Railway Age covering the principal transactions, each month's figures-being totals of those given in the weekly issues of the publication appearing during
the month,
and pi orated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 91 per cent.
4
Eight months' average, May to December, inclusive.
« Ten months' average, March to December, inclusive.
6
Data from the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, Monthly data from 1922 appeared in April, 1925, issue (No. 44), pp. 27
and 728.
Compiled from quarterly reports to the IT. S. Department of Commerce, Bureau of the Census, from nine manufacturers comprising practically the en tire industry.
Press8 releases furnish details as to type, i. e., trolley or storage battery. Data for 1923 not available by quarters, but annual figures are reduced to quarterly averages.
Quarterly averages.




96

Table 76.—FREIGHT-CAR MOVEMENT
SURPLUS i

YEAR AND
MONTH

Box
cars

Coal
cars

LOADINGS'2

SHORTAGE 1

Total3
cars

Box
cars

Coal
cars

Total3
cars

Grain
and
grain
products

Livestock

Coal
and
coke

Forest
products

Ore

Merchandise and
1. c. 1.

Miscellaneous

Total

Number of cars
1917
1918
1919
1920
1921

mo.
mo.
mo.
mo.
mo.

av
av
av
av
av

6,437
29, 251
82, 135
15, 985
127, 982

1922
1923
1924
1925

mo.
mo.
mo.
mo.

av
av
av
av

4,200
25, 868
444

112, 934
52, 360
24, 174
82, 056 !
1,896

169, 256
153, 585
191, 065

142, 874
129, 452
124, 744

747, 394
894, 180
691, 016

247, 322
254, 861
207, 314

161, 868
200, 853
75, 592

751, 043
917, 508

1, 375, 951
1, 069, 692

3, 716, 007
3, 486, 409
3, 759, 873
3, 276, 930

26, 653
10, 566
384
90

15, 852
13, 527
487
115

51, 579
27, 873
1,046
440

204, 397
189, 642
214, 223
191, 877

135, 508
147, 375
146, 087
136, 252

655, 962
851, 753
754, 650
793,403

243, 001
312, 074
305, 594
311, 440

132, 524
195, 143
139, 881
168, 166

985, 495
1, 013, 754
1, 043, 344
1, 098, 257

1, 243, 743
1, 441, 270
1, 440, 757
1,568,007

3, 600, 630
4, 151, 009
4, 044, 536
4, 267, 402

169, 036
134, 273
248, 301
329, 489

1,678
1,076
157
42

1,894
2,475
105
97

4,598
3,991
364
177

226, 064
194, 576
162, 449
147, 360

178, 185 1, 038, 618
131, 507
807, 456
122, 349
709, 889
117, 287
538, 533

337, 065
321, 736
327, 109
306, 539

42, 505
37, 914
46, 993
70, 237

1, 090, 436
933, 639
1,003,536
1, 002, 497

1, 381, 397
1, 204, 991
1, 289, 597
1, 315, 777

4, 294, 270
3, 631, 819
3, 661, 922
3, 498, 230

168/9.13
162, 343
146, 840
97, 089

338, 526
356, 389
322, 530
194, 306

43
64
94
212

17
3
13
19

151
98
150
248

196, 116
151, 625
230, 703
247, 692

153, 973
120, 162
144, 416
125,772

703, 275
596, 938
729, 382
654, 288

365, 541
274, 499
306, 788
275, 875

255, 606
237, 446
275, 740
200, 241

1, 210, 017
963, 748
1, 157, 783
972, 758

1, 589, 201
1, 280, 764
1, 626, 710
1, 422, 758

4, 473, 729
3, 625, 182
4,470,522
3, 898, 384

December

36, 768
30, 486
73,547
117, 434

58, 375
49, 058
82, 819
108, 189

116, 689
99,190
183, 914
266, 252

270
784
166
27

274
785
133
30

670
1,656
354
101

269, 073
338, 613
219, 098
187, 308

146, 760
750, 324
205, 762 1, 003, 986
159, 217
771, 887
147, 652
752, 227

269, 408
353, 498
276, 220
252, 849

188, 326
212, 601
71, 598
39, 366

987, 214
1, 290, 075
981, 134
928,291

1, 536, 780
2, 050, 896
1, 423, 018
1, 167, 194

4, 147, 885
5, 455, 431
3, 902, 172
3, 474, 887

1925
January
February
March
April

103, 209
103, 177
113, 615
131, 212

69, 736
138, 425
185, 724
160, 913

213, 921
285, 015
344, 959
337, 181

61
100
5
None.

4
10
25
15

406
167
60
15

245, 173
168, 932
150, 674
131, 429

180, 125 1, 071, 509
123, 076
734, 105
110, 463
647, 853
110, 638
601,815

339, 527
319, 563
324, 535
312, 402

48, 519
45, 030
47, 311
90, 802

1, 132, 774
977, 692
1, 039, 535
1, 038, 117

1, 439, 322
1, 254, 649
1, 382, 042
1, 441, 627

4, 456, 949
3, 623, 047
3, 702, 413
3, 726, 830

May
__
June
July
. _
August
__

140, 676
149, 405
139, 428
85,732

133, 559
109,404
80, 661
40, 427

323, 624
307, 495
263, 876
162, 397

4
4
272

None.
None.
None.
354

7
18
4
636

183,
145,
215,
219,

205
801
747
667

136, 129
106, 076
132, 934
121, 261

813,119
665, 901
870, 133
833, 062

377, 138
294, 052
329, 697
286, 776

309, 822
252, 076
314, 317
251, 169

1, 268, 532
1, 030, 366
1, 240, 211
1, 041, 859

1, 765, 434
1,471,600
1, 827, 858
1, 567, 153

4, 853, 379
3, 965, 8.72
4, 930, 897
4, 320, 947

September _
October
November. __
"DftCftTnhp.r

58,203
49, 502
58, 463
112, 345

61, 370
42, 949
43, 658
95,295

140, 842
111,619
136, 796
267, 739

364
153
104
5

153
495
200
87

558
2,957
357
97

209, 661
231, 959
194, 763
205,507

131, 190
211, 635
140, 270
131, 223

731, 172
995, 910
799, 086
757, 176

278, 923
351, 714
265, 398
257, 550

230, 412
248, 490
132, 276
47, 769

1, 046, 228
1, 353, 435
1, 035, 447
974, 893

1, 669, 867
2, 144, 265
1, 527, 727
1, 324, 544

4, 297, 453
5, 537, 408
4,094,967
3, 698, 662

1926
January
February
March
..
April

113,860
87, 389
95, 478
118, 419

92,040
74, 151
104,280
115, 205

250, 935
207,683
246,549
276, 573

10
83
None.
None.

170
15
None.
8

218
197
13
12

226, 246
171, 099
159, 357
149, 751

162, 578
113, 199
113, 727
104,004

998, 070
770, 077
783,448
705, 198

312, 254
298, 663
306, 959
299,991

48, 978
41, 934
43,566
55, 072

1, 171, 960
989, 717
1, 062, 947
1, 057, 406

1, 511, 924
1, 291, 760
1, 407, 135
1, 424, 415

4, 432, 010
3, 676, 449
3, 877, 139
3, 795, 837

135, 233
140,421

\75, 253
69^69

257, 956
254, 807

None.
None.

None.
48

None.
68

197, 997
160, 917

142,765
107, 501

898, 076
734, 393

383, 403
295, 942

243,183
271, 446

1, 330, 505
1, 026, 471

1, 946, 950
1, 515, 480

5, 142, 879
4, 112, 150

75, 605
1, 981
154, 499

23, 592
68,680
189, 396
24, 194
339, 026

65, 901
28, 964
18, 991
43, 148
1,146

47, 675
33, 635
88, 482
103, 747

90,897
23, 367
110, 572
96,843

164, 500
69, 659
229, 908
241, 289

1924
January
February
March
April

74, 415
51, 398
81, 342
101, 648

67, 578
56, 618
135, 976
193, 061

May
June
July
August

133, 216
153, 550
138, 734
69, 244

Sp.pfvmhp.r

October
NnvfiTnhfir

May
June
July
August. .

Q

September
October
November ._
December
* Data from the American Railway Association. Daily average for the last period (7 or 8 days) of the month, exclusive of Canadian roads. The association reports the
number of freight cars which are idle (surplus) and also the number of requests for cars which can not be filled (shortage). The difference between these two figures
represents the net freight-car situation for the country as a whole. The car shortages can not ordinarily be filled from the idle cars because of the uneven geographical
distribution
of the latter.
2
From reports of the American Railway Association, Car Service Division. These figures are now put on a monthly basis from weekly reports, consisting of exactly four
weeks for each month prior to 1923, except in March, June, September, and December, which cover five weeks each year. Beginning with 1923, the five-week months are
January, May, August, and October.
3 Includes other classes than groups listed.




97

Table 77.—RAILWAY FREIGHT CAR SUPPLY
ON RAILROAD LINES
(end of month) 1
YEAR AND MONTH

In bad order

Total owned
Number

Capacity
(millions
oflbs.)

Number

INRESTALL- TIRED
ED
DURDURING
ING
MONTH MONTH
0)
0)

ORDERED
FROM
MFRS.2

SHIPMENTS
BY MFRS.3
Total

Per ct.
of total
in use

Domestic

UNFILLED
ORDERS
BY MFRS.3
Total

BUILDING IN
R. R.
SHOPS
(end of
Domestic
mo.)1

Number of cars
||

'

1,838
7,017
1,945

7,961
11, 917
5,116
3,528

4,392
6,904
3,899
3,109

128, 103
91, 815
48, 851
17, 559

76, 974
55, 630
41, 964
14, 380

9,720
9,752

15, 013
7,873
11,899
6,527

4,866
12, 233
6,850
6,447

4,749
12, 069
6,718
6,124

68, 015
72, 825
43,684

64,007
71, 505
42, 155

15, 589
11, 386
9,562
8,718

12, 329
10, 466
8,726
8, 026

6,404
19, 537
38, 134
11, 903

5,041
5,070
4,585
5,058

5,007
5,015
4,453
5,053

23, 552
52, 678
55, 604
56, 752

22, 161
51, 250
54, 202
55,348

2,417
2,715
2, 697
2,739

8.3
8.5
8.9
9.2

9,199
10,909
16, 583
15, 452

9,059
8,347
8,413
8,834

463
412
567
5,054

6,253
6,854
9,584
9,411

6,158
6,813
9,580
9,350

50, 920
44, 462
35, 479
33, 535

49, 644
43, 152
34, 092
31, 387

2,467
2,269
4,602
3,618

206, 044
190, 543
189, 140
190, 979

8.9
8.2
8.2
8.3

15, 455
16, 598
11, 705
6,763

9,337
10, 504
10, 678
11, 918

23, 597
12, 610
13, 870
10, 240

9,467
8,839
6,382
5,661

9,440
8,449
5,938
5,365

40, 954
38, 391
45, 369
46, 508

38, 803
36, 560
43, 937
45, 325

3,045
3,574
5, 159
6,478

207, 626
208, 339
208, 908
209, 368

186, 539
185, 047
186, 417
189, 514

8.1
8.0
8.1
8.2

11, 768
15, 024
16,007
13, 749

7,867
9,453
12,067
10, 497

10, 312
5,388
4,677
5,525

8,365
10, 335
10, 718
9,352

7,031
9,881
10, 503
9,212

43, 655
38, 046
30, 699
25, 712

42,848
37, 684
30, 457
25,224

5,285
4,878
5,572
8,072

2,356,641
2, 359, 040
2,301,551
2, 363, 849

209, 804
210, 256
210, 701
211, 102

195, 986
198, 468
197, 281
197, 178

8.4
8.5
8.4
8.4

12, 982
12, 191
10, 542
11, 554

8,658
9,797
10, 051
9,259

8,944
777
843
2,816

7,059
7,639
5,040
3,617

7,030
7, 623
4,880
3,412

23, 881
18, 353
12, 685
10, 808

23,316
17,561
11,835
9,986

9,042
8,633
8,189
6,440

September
October
November
December

2, 363, 637
2, 359, 124
2, 353, 454
2, 347, 275

211, 201
210, 922
200, 590
210, 171

179, 571
165, 481
165, 818
157, 405

7.7
7.1
7.2
6.8

8,161
5,097
4,299
4,386

9,196
9,616
9,948
10, 612

6,113
5,556
13, 598
13,776

5,405
2,849
3,365
3,618

5,319
2,492
2,649
3,451

12, 148
16,354

11, 412
15, 869

6,246
7,189
7,123
5,323

1936
January
February
March.
April

2, 344, 016
2, 345, 508
2, 346, 242
2, 348, 148

210, 009
210, 362
210, 569
210, 966

158, 160
161, 959
162,470
159, 845

6.8
7.0
7.0
6.9

4,607
7,665
8,284
10, 505

7,396
6,100
7,560
8,040

11, 531
11, 353
7,640
5,622

3,299
6,904
8,811
9,257

2,968
6,412
8,668
9,207

10, 080
10, 718
8,373
8,743

2, 345, 091
2, 346, 908

211, 049
211, 316

168, 498
165, 588

7.3
7.2

9,715
9,036

10, 074
7, 083

435
4,270

8,170
10,009

8,130
10,003

8,566
7,652

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

142, 790
168, 973
166, 779
318, 880

5.9
7.0
7.3
13.9

1922 monthly average 1923 monthly average
1924 monthly average. -1925 monthly average

2,323,472
2, 349, 752

204, 369
209, 082

302, 458
185, 343
188, 012
183, 725

13.3
8.0
8.2
7.9

12, 327
10, 480

1934
January
February
March
April

2, 310, 032
2, 310, 570
2, 311, 405
2, 312, 074

201, 288
201, 535
202, 331
202, 448

161, 569
168, 782
172, 747
179, 275

7.1
7.5
7.6
7.9

2, 312, 237
2, 314, 798
2, 322, 968
2, 329, 582

202, 606
203, 139
204, 777
205, 690

189, 219
194, 869
202, 864
210, 109

2, 336, 147
2, 342, 149
2, 342, 479
2, 337, 229

206, 540
207, 366
207, 535
207, 172

2, 341, 109
2, 346, 687
2, 350, 697
2, 353, 956

_ _

M!ay
June
July
August
September
October
November
December

_
_

1925
January
Februarv
March
April
May
June
July
August

--

May
June
July....
August

September
October
November
December

3,482
6, 833

_,. ..

•

11

i Compiled by the American Railway Association, Car Service Division, covering Class I railroads. Monthly averages for bad-order cars for the years 1913-1917; also
monthly
data for 1920 and 1921, appeared in the October, 1923, issue (No. 26), pp. 59 and 60.
3
Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during the month, and prorated up to the annual totals made from special inquiries. The percentage used in prorating the 1924 data was 94 per cent. Data for the years 1913
to 1918 from the Iron Trade Review appeared in May, 1924, issue (No. 33), p. 77; though not comparable month by month on account of different methods of compilation,
theyindicate the trend from year to year comparable to the above figures.
a The data on shipments and unfilled orders of manufacturers for railway equipment were obtained from the Interstate Commerce Commission. Monthly data from 1919
appeared in July, 1924, issue (No. 35), p. 55. These figures do not include cars built by the railroads themselves, for which data may be found on p. 114 of February, 1925,
issue (No. 42).

433°—26




7

98

Table 78.—RAILWAY PASSENGER CARS AND TRAVEL
IMMIGRATION AND EMIGRATION

PASSENGER CABS

YEAK AND MONTH

a
Shipments by
Ordered man uf acturers2 Unfilled orders
from
manufacTotal Domesturers i Total Domestic
tic

Immigrants

VISITORS TO
NATIONAL
PARKS «

United States
citizens 3

Aliens 3
Emigrants

Number of cars

Arrivals

Departures

Passports
issued <

Automobiles

Persons

Number of people

No. of cars

115, 610
57, 375
21, 557
29,647
12, 747
9,660
20,613

22, 859
24, 470
13, 387
5, 810
5,638
6,718
21, 810

24,600
23,238
10, 161
11, 208
8,187
6,564
10, 839

30, 069
24, 580
8,954
10, 321
14, 161
27,909
12, 247

1,954
1,693
1,093
1, 927
3,135
4,735
8,163

701
345
824
1,430
608

59,047
46, 992
31,764
62, 587
29, 564
24, 227

21, 810
20, 498
9,664
5,884
7,510
6,807

17, 038
19, 272
24,296
23,020
26,839
30, 550

21, 102
23,340
24, 209
21, 728
25, 137
28,569

13, 374
11, 474
11,463
10, 521
12, 198
14, 342

68, 887
74, 966
81, 812
113, 062
132, 874
138, 910

7,230
9,548
10, 025
12, 452
16,002
16, 766

683
618
635
621

677
605
621
607

32, 985
36, 309
11, 661
23, 290

6,634
6,831
8,493
8,633

19,607
21, 320
20, 927
44, 791

25,467
33, 504
43, 812
37, 657

26,347
22,207
12, 536
8,571

97, 794
210, 196
416, 121
380, 568

7,274
32, 330
64, 654
57, 217

87
90
98
79

544
486
502
512

531
479
496
507

27,941
27,402
29,345
28, 098

8,671
8,941
8,605
14,288

57,232
31, 474
22,297
17, 219

23,849
19, 951
14, 741
17,388

7,659
7,906
7,984
7,575

197, 655
47, 571
37, 142
28,399

18, 294
2,585
1,953
927

68
62
45
56

68
62
45
50

522
518
597
559

516
512
558
526

20, 952
20,913
26, 619
26, 744

6,183
4,087
4,993
5,684

16, 987
23,186
29,228
26, Oil

22, 538
23,211
24,604
23, 700

8,640
8,816
15,304
25,040

38,292
45, 700
58, 082
66, 476

852
1,267
3,171
2,888

22
34
362
9

77
81
82
130

77
81
75
110

500
440
699
578

466
404
651
550

26,045
25,304
18, 590
22,421

8,403
5,747
8,784
7,539

22,540
27, 347
26, 326
49, 922

20, 262
39, 289
66, 136
37, 185

31, 985
26, 359
13,830
9,370

124, 205
252, 589
411, 376
384, 501

11, 059
22, 576
77,723
56, 195

37
134
87
547

67
66
56
126

58
66
56
126

612
569

593
550

26, 721
28,685
26,642
21, 089

7,200
7,674
6,555
8,840

68,500
35, 413
23,118
18,027

24,369
24, 227
18, 039
19, 270

8,795
8,012
7,776
8,172

184, 279
36,524
37,083
27,807

17, 361
2,462
3,865
1,767

January _
February
March
April

217
152
107
230

176
165
115
225

157
165
102
225

19, 072
20,041
29, 504
33,400

5,286
3,232
3,457
4,989

19, 695
23,687
29,987
28,931

25,987
29,108
25,215
26, 312

9,054
8,411
16,502
27, 239

36,238
38, 713
54,955
58,192

2,411
2,265
4,081
4,374

May
June
July
August

30
124

208
224

196
218

33, 533

5,861

22, 719

28, 913

31,460
25, 916

128, 629
235, 698

18, 505
44, 361

1913
1914
1915
1916
1917
1918
1919

monthly average. .. _
monthly average
monthly average. _.
monthly average
monthly average . _ _
monthly average
monthly average

24

70
19

63
11

416
177

346
116

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average _ _
monthly average
monthly average
monthly average.

148
20
198
184
213
135

34
75
59
138
93
76

23
71
46
135
88
73

783
393
914
1,452
620

131
40
194
213

76
102
63
94

67
102
63
94

325
244
279
235

88
96
99
79

78
90
111
104

May.
June
July
August

September
October __ _
November

1924
May
June
July
August

_
...

September
October
November
December
1935

January
February
March..
April

_.

DftCfitnbpr

_ _ __

1936

Sftpt,p,mbp,r

October
November
December

1

j

1 Data from the Railway Age covering the principal transactions, each month's figures being totals of those given in the weekly issues of the publication appearing during
the month,
and prorated up to the annual totals made from special inquiries. The 1924 data were prorated at 77 per cent.
2
Figures of car manufacturers obtained from the Interstate Commerce Commission. Monthly data from 1919 appeared in July, 1924, issue (No. 35), p. 55. These figures
do not
include cars built by the railroads themselves, for which data may be found on p. 114 of the February, 1925 (No. 42), issue.
3
Arrivals and departures of aliens and United States citizens reported by U. S. Department of Labor, Bureau of Immigration. Aliens admitted and departed do not
include
nonimmigrants.
4
Passports issued, from U. S. Department of State, Division of Passport Control, excludes passports issued to Government officials.
5
Visitors to national parks from Department of Interior as reported by superintendents of the following 15 parks: Grand Canyon and Casa Grande, Ariz, (the latter a
monument rather than a park); Hot Springs, Ark.; General Grant, Sequoia, and Yosemite, Calif.; Rocky Mountain, Colo.; Glacier, Mont.; Platt, Okla.; Crater Lake, Oreg.;
Wind Cave, S. Dak.; Zion, Utah; Mount Rainier, Wash.; Yellowstone, Wyo.; and Mount McKinley, Alaska. Vehicles are not reported by Platt, Hot Springs, Wind
Cave, and Mount McKinley. By far the largest attendance of visitors is shown at Platt Park. Monthly data from 1920 appeared in December, 1923, issue (No. 28), p. 56*




99

Table 79.—PUBLIC UTILITIES
TELEPHONE
COMPANIES i

YEAE AND
MONTH

Total
operating
revenues

Net
operating
income

TELEGRAPH
COMPANIES i
TeleCom- graph
and
mercial
cable
tele- operating
revenues

"a"

GAS AND

ELECTRIC
COMPANIES 2

Energy produced 4

Operating
income

Gross
earnings

Net
earnings

Gross
revenue
sales a

Total

Thousands of dollars
1913 monthly av._ $13, 132
1914 monthly av_ _ 13, 722
1915 monthly av
14, 527
1916 monthly av. - 16, 452
1917 monthly av. _ 18,700
19 18 monthly av__ 20, 225
1919 monthly av__ 24, 635
1920 monthly av
1921 monthly av..
1922 monthly av._
1923 monthly av..
1924 monthly av__
1925 monthly av__

$3, 710

3,709
4,139

4,785
4,700
4,649
5,104

$5, 898

6,287
7,596

$7, 674 $1,711
8,477 1,282
10,095 1,636

$35, 874 $14, 128
37, 581 14, 817
15, 057
38, 629
42, 275 16, 367
16,001
46, 534
51, 564 15, 250
58, 981 16, 159

$26, 017
28, 067
30, 100
35, 458
44, 925
55, 442
60, 083

1,217

3,630
3,439
3,975

1,346
2,284
2,194
1,245
1,438
2,538
1,635
3,027
1,668 • 3,251
1,861
3,610

3,331
3,106

3,311

4,454
4,823
4,692

17, 762
20, 571
22, 951

10, 245

71, 095
73, 859
77, 587
84, 188
88, 485
95, 690

26, 866
31, 203

73, 575
81, 066
90, 825
105, 796
112, 969
122, 373

11, 443
12, 748
12, 099
12, 131

9,542
9,940
8,776
9,999

11, 861
12, 389
10, 053
12, 285

1,879
1,993
1,478
1,811

84, 525
91, 159
91, 672
100, 105

24, 556
27, 434
29, 583
33, 527

103, 200
111, 200
120, 200
131, 700

4,803

52, 023
49, 890
52, 762
52, 945

12, 492
11, 782
12, 852
13, 230

9,392
8,820

11,861

93, 493

33, 514
30, 689
31, 418
30, 435

135, 800
124, 800
119, 000
116, 800

5,572
4,982
5,364

9,684

1,596
1,340
1,816
1,657

101, 758
93, 308

9,821

11, 593
10, 869
12, 071

53, 119
53, 946

12, 187
12, 613

9,652

53,815

11,815

54, 623

12, 461

11, 966
12, 808
12, 868
13, 186

1,646
1,967
1,755
1,907

92, 648
90, 213
89, 220
89, 343

29, 830
29, 229
26, 274
25, 965

111, 576
109, 400
108, 900
111, 500

September. _ .
October
November
December...

54, 955
57, 925
56, 826
58, 923

13, 373
15, 034
14, 327
13, 686

11,306

13, 784
14, 408
12, 810
12, 957

2,211

91, 855
100, 029
101, 154

28, 977

11, 678
10, 395
10, 510

35, 152
38, 007

117, 200
128, 800
139, 300
145, 300

5,490
5,948
5,787

1926
January _ _ _ _
February
March
April
._

58, 189
56, 509
59, 581
59, 521

14, 115
13, 748
14, 056
14, 669

10, 430

12, 767

12,073

1,450
1,226

11, 276
10, 564

13, 836
12, 980

2,092

106, 975
99, 953
102, 442

1,611

100,831

37, 588
33, 737
35, 102
33, 822

150, 500
145, 400
141, 800
139, 800

6,121

9,837

May

59, 699

13, 785

10, 615

13, 177

1,659

9,113

7,573
8,882
10, 015
10, 555
12, 988

8,043
8,435
9,027
9,085

1924
September
October
November
December..

49, 105
50, 931
50, 061
52, 145

1925
January
February
March
April
May

June
July
August

10, 452
10, 448
10, 780

2,342
1,660
1, 652

By
fuels

3,243

1,438
1,265
1,697
1,583
1,548
1,796

5,415

36, 265
40, 204
44, 106
48, 412
54, 313

By
water
power

Passengers
In
carried '
mfg.
In
central plants,
street 212 comstations rys.,
panies
etc.

95,377

106,065

25,351

33,053

4,661
4,916
5,471

5,193

5,065
5,537

5,152
5,189

2,026

1,493
1,632
1,559
1,749

3,634
4,283
4,537
5,079

3,560
3,492
3,788

1,695
1,741

5,102

3,877

5,122

3,241

4,598
4,964
4,778

3,324

2,040
2,022

3,130

336
333
342
379
383
393

784, 893
787, 831

349
370
373
435

746, 555
791, 435
756, 741
829, 794

450
384
400
374

817, 538
745, 221
812, 708
787, 765

377
374
379
377

797, 044
769, 618
753, 359
752, 417

365
398
395
438

750, 209
811, 236
779, 691
841, 943

820, 072
753, 791
831, 238
802, 890
810, 275

2, 025
1,845
1,870
1,768

3,164
3, 358

1,607
1,801
1,946
1,977

3,883

5,125

4, 147
3,841
4,176

5,550
5,392
5,720

1,956
1,909

4,165

5,683

5,602

2,264

5,774

2,312

3,693
3,886
3,462

5,191

6,149

5,727
5,426

438
411
422
348

5,806

2,309

3,497

5,434

372

5,203
5,346
5,463

6,153

4,812

4,829
4,967
5,086

3,476
3,695

June
July
August
September..
October
_ _.
November
.
December...

Thousands
of persons

Millions of kilowatt hours

11, 698
10, 371
10, 608
11, 153
11, 210
12, 598

30, 320

ELECTRIC
RAILWAYS

ELECTRIC POWER STATIONS

_

If

'
.

1 Telephone earnings are the combined reports of 13 largest telephone companies, comprising about 83 per cent of the total operating revenues of telephone companies with
annual operating revenues over $250,000, and telegraph earnings are the combined reports of the Western Union and Postal Telegraph Cos., as reported to the Interstate
Commerce Commission.
2 Gas and electric earnings are the combined reports to the U. S. Department of Commerce, Bureau of the Census, of 78 companies or systems operating gas, electric light,
heat, power, and traction services and comprising most of the large companies in the United States. Gross earnings are in general the gross operating revenues, while net
earnings in general represent the gross, less operating expenses and taxes; but owing to alack of uniformity in the accounts of individual companies, it has not been possible
to secure these actual items for each company, and in such cases the nearest comparable figures have been taken. Also in some cases the figures for prior years d,o not cover
exactly
the same subsidiaries owing to acquisitions, consolidations, etc., but these differences are not believed to be great in the aggregate.
3
Gross revenue received from the sale of electrical energy as reported by the Electrical World represents the total receipts from the sale of electricity by companies with
about 83 per cent of the installed generator rating of the country, computed to 100 per cent of the industry on the basis of the percentage which the reporting companies
bear to the installed central-station rating of the country. Companies reporting sales are not identical with those reporting energy produced. These figures cover light and
power companies only, excluding electric railways which do not sell their current. Monthly data from 1913 appeared in the July, 1923, issue of the SURVEY (No. 23) p. 45.
* Production of electric power by central stations from U. S. Department of the Interior, Geological Survey. Production in central stations up to January, 1925, was segregated by the U. S. Department of Commerce, Bureau of the Census, from the original records of reporting firms on file with the Geological Survey, *rom that produced in
connection with street railways, manufacurting plants, and reclamation projects. Details, by months, since 1920 for central stations appeared in the April, 1925, issue of
the SURVEY (No. 44), p. 29, while for the other items details appeared in the March, 1925, issue (No. 43), p. 28. Beginning with January, 1925, this segregation has been
carried
on by the Geological Survey. Monthly data from 1913 on total production appeared in the July, 1923, issue (No. 23), p. 49.
6
Data compiled by the American Electric Railway Association from reports, of 212 companies operating 24,187 miles of revenue single track and 3,090 miles of bus
routes
and
 carrying about 68 per cent of the total revenue passengers carried by electric railways.


100

Table 80.—EMPLOYMENT—INDUSTRIAL, RAILWAY, MINING, AND FEDERAL
INDUSTRIAL 1

RAILWAYS 3

VehiLum- LeathStone,
Food Tex- Iron
per er and Paper Chemcles
and
Toicals clay, Nonand tiles steel
and
ferfor
bacco
YEAR AND
its fin- and and and rous man- land
kin- and and
n
its
MONTH groups dred their their man- ished print- other glass met- ufac- transprod- prod- prod- ufac- prod- ing prod- prod- als « ture portaucts ucts ucts ture ucts
ucts
ucts
tion
Total

?ST

NUMERICAL DATA

INDEX NUMBERS RELATIVE TO 1923

1914 m. a1915 m. a1916 m. a._
1917 m.a1918 m.a_1919m.a._

295
97
110
115
114
108

110
1920m. a__
85
1921 m. a88
1922m. a
1923 m. a. . 100
90
1924 m. a..
1925m. a._
91

1935
Jan
Feb _
Mar _
Apr

May
June
July

Aug
Sept

Oct
Nov
Dec
1936
Jan

Feb
Mar

Apr
May
June
July
Aug .

U.S.

GOVT.,
ANEm- Aver- THRA- WASHINGCITE
ploy- age
Miscel- ees Oil hour- MINES 4 TON
(civillanely
ian) 7
ous
wage
industries Thou- DolNumber employed
sands lars

1,647 $0. 276
1,733 .313
.463
1,842
1,913 .557

86
87
90
92

90
92
93
94

1,728
1,725
1,722
1,746

.639
.653
.622
.618

155,
153,
149,
151,

463
782
215
220

65, 938
65, 505
64,884
65, 037

67
71
77
86

100
101
97
99

96
96
95
96

92
91
91
90

92
90
90
91

93
91
91
90

1,767
1,782
1,796
1,800

.620
.628
.668
.633

153, 282
151, 807
152, 469
152, 314

64, 611
63, 756
63, 837
63,054

99
110
112
108

97
98
98
98

100
101
100
°8

96
98
100
102

92
95
95
95

92
95
94
93

90
89
91
94

1,804
1,817
1,789
1,753

.638
.632
.647
.643

62, 519
62, 039
61, 753
61, 509

114
118
102
100

103
102
103
103

98
101
105
103

94
94
96
99

100
102
103
101

85
89
88
84

93
94
96
95

97
98
98
97

1,730
1,733
1,745
1,783

.648
.656
.637
.634

142, 162
153, 856
155, 236

61, 296
61, 199
61, 274
61, 211

76
74
60
65

103
103

95
94

102
104

99
96

84
87

94
92

96
95

155, 798

61, 036

75
113

100

91
92

100
101

92
94

97
94

90
97

86
88
89
88

92
93
93
94

92
95
95
92

101
101
102
101

91
92
99
102

90
92
96
100

89
88
86
87

87
87
85
85

93
94
93
93

90
86
89
93

100
99
99
99

89
87
89
91

92
95
94
93

87
90
90
90

86
87
89
90

94
94
93
92

95
95
92
89

100
102
103
104

93
94
94
93

90
89
88
86

90
90
90
88

90
92
93
93

89
90
90
92

91
93
91
87

92
91

87
89

86
84

92
93

92
92

86
85

93
93
90
87

90
92
92
91

91
90
89
90

87
89
89
90

91
92
93
93

82
100
93
97

92
93
94
86

100

90
92
92
92

92, 237
80, 838
71, 061
66, 214
64, 755
63, 703

94
96
97
96

10O

88
89

.667
.665 5 156, 008
.618 6 152, 874
.615
153, 873
.628
153, 383
.637 1° 152, 419

94
92

1OO

96
91

8 99, 970

100
81
92

100

100
86
87.

Rel.
to 1923

100
89
91

100

100

Employ.

2,013
1,661
1,645
1,880
1,777
1,769

100
95
93

100

OHIO CONSTRUCTION 11

[Index numbers for base year in bold-faced type]

Sept

Oct
Nov
Dec
i Compiled by the U. 8. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes based upon the number of wage earners in the respective
industries in 1919. The original data are taken from the pay roll nearest to the middle of the month as reported by more than 9,000 firms, employing almost 3,000,000 workers.
Details of this table, together with the method of construction, may be found in the April, 1924, Monthly Labor Review, pp. 129-132, while current details are given monthly
in Employment
in Selected Industries as issued by the Bureau of Labor Statistics.
3
Average for last 7 months of year; earlier data not available.
3 Compiled from reports of Class I carriers and 15 switching and terminal companies to the Interstate Commerce Commisssion. The computation of average wages exclude
the officials included in total on pay roll. Monthly data from 1920 given in January, 1923, issue (No. 17), page 51.
* Compiled by the Anthracite Bureau of Information, and includes miners, miners' laborers, inside and outside company men, and all other employees at collieries. These
classes are shown separately in the association's report.
8 Average of last 3 months of the year.
' Average of 6 months; data for the 6-month period, March to September, not available on account of strike.
* Compiled by the U. S. Cwil Service Commission, giving number of civilian employees carried on rolls at end of each month. Details by departments, with data on
additions and separations, are given in the monthly reports.
s9 Nine months' average, April to December, inclusive.
Includes stamped and enameled ware and brass, bronze, and copper products.
10 Average for first 7 ninths of year; later data not available on account of shut down of mines.
11 Compiled by the Ohio State University, Bureau of Business Research, based on reports from firms engaged in general contracting throughout Ohio, 73 being included
in 1922, 81 from 1923 to 1925, and an increasing number in 1926, approxmating 120; allowance for the changing number of firms is made through link relatives each
month. The 88firmsused in the base year, employed on the average, 4,064 wage earners employed by the entire construction industry in Ohio. Employment in the general
contracting industry in Ohio follows very closely the trend in the entire construction industry in the State. Wage earners in this report include mechanics, artisans, laborersf
and foremen and part-time workers are reduced to a full-time basis for the week including the 15th of each month which is used as the monthly index




101

Table 81.—FACTORY EMPLOYMENT, BY STATES AND CITIES
[Base year in bold-faced type]
CANADIAN
EMPLOYMENTS

EMPLOYEES ON PAY ROLL

YEAR AND
MONTH

MasNew
sachu- York
2
setts i
Relative to
1914

New Penn- Dela- Illi3
Jer- sylsey 3 vania3 ware nois 4

Wisconsin s

Detroit 6

Employ, Trade
index unions

RELATIVE NUMBERS

100 .0
1914 mo. av
98.3
1915 mo. av__
1916mo.av__ 112.5
1917 mo. av__ 116.8
1918 mo. av__ 118.5
1919 mo. av__ 117.6

1920
1921
1922
1923
1924
1925

Penn- Dela- WisNew New
Jer- syl- ware
York 2 sey
s con3 vania 3
sin 5

to EmRel. to Rel.
Rel. to
Rel. to Rel. to
Jan., ployed
1914
1915 7
1920
1922
1920

Relative to 1923

100
103
121
126
128
120

7

P. ct.

105
128
136
140
136

EMPLOYEES TOTAL
PAY
ONPAYEOLL BOLL

TOTAL PAY BOLLS

Rel. to

Relative to 1923

19157

RELATIVE NUMBERS

10 93.1
"98.1
"98.1
98.5
96.6

100
107
141
166
210
227

95.4
87.5
93.0
95.1
93.0
93.0

281
201
211
254
235
238

100
89
90

100

100

86
87

83
84

342
191
210
270
262
285

Detroit «

New York
State a

Thous.of
Number Thousands
dollars
NUMERICAL DATA

478
494
579
604
614
573

5,943
6,377
8,366
9,892
12, 481
13, 490

177,533
97, 845
161, 269
218, 713
203, 666
230, 251

594
464
500
553
504
501

16, 711
11, 943
12, 524
15, 074
13, 967
14, 159

7113

160
198
258
284

mo. av._
mo. av__
mo. av__
mo. av__
mo. av__
mo. av__

114.7
95.4
101.0
106.6
90.3
91.1

124
97
105
116
106
105

100
90
88

100

100

89
91

79
81

110
101
98

1934
September...
October
November
December

87.2
90.4
90.8
91.3

102
104
104
104

87
88
88
89

85
87
87
89

75
76
78
79

97.1
96.1
95.7
97.6

113.6
114.8
116.2
116.4

111
110
111
54

93.9
93.0
90.8
83.9

94.1
93.4
90.3
88.4

231
229
231
237

86
86
88
90

79
83
83
90

77
80
78
89

248.3
262.2
263.2
267.1

196, 962
194, 845
197, 075
95, 024

489
495
495
499

13, 715
13, 632
13,700
14, 101

1925
January
February
March
April

92.6
93.9
93.6
92.4

104
106
107
105

88
87
87
87

90
92
92
91

82
83
83
81

98.5
100.0
98.9
97.9

117.5
119.6
120.1
120.1

117
119
127
133

86.1
87.0
87.2
90.8

89.8
90.5
91.5
91.3

236
238
245
234

86
87
88
86

88
91
91
88

88
87
87
84

263. 9
280.8
279.1
280.5

207, 561
211, 491
225, 626
236, 557

497
505
511
502

14, 048
14, 133
14, 532
13, 881

May
June
July
August

90.3
87.6
86.5
88.3

104
103
102
102

86
85
84
86

90
90
90
89

82
82
80
76

96.9
96.5
95.3
95.5

121.1
122.3
128.3
124.1

, 133
135
137
137

94.5
96.8
96.3
96.6

93.0
93.9
94.8
95.6

234
231
229
231

90
87
84
88

88
85
81
84

86
84
79
77

289.4
284.8
286.2
295.3

236, 686
240, 406
242, 515
244, 002

495 • 13,891
491
13, 717
486
13, 589
13, 722
487

September. _ .
October
November
December

89.9
92.2
93.1
92.7

105
107
107
108

91
92
93
95

90
92
92
93

79
78
78
82

97.8
98.6
99.3
99.8

123.9
123.3
122.6
123.7

145
150
149
73

98.3
97.1
95.3
89.6

94.3
94.9
94.3
92.1

238
245 .
247
252

89
95
96
100

83
90
88
92

78
82
84
89

286.7
297.6
288.1
291.3

257, 894
266, 947
264, 221
129, 104

500
510
513
516

14, 150
14, 559
14,700
14,983

1926
January
February
March
April

92.9
94.1
95.0
92.6

107
108
108
106

94
94
93
91

92
94
93
93

83
86
86
85

98.8
101.4
101.8
101. 5

123.2
125.3
124.8
123.4

147
152
152
142

90.7
91.5
91.4
94.3

91.9
91.9
92.7
92.7

251
248
252
247

98
97
98
96

88
92
92
90

90
93
93
93

282.3
302.3
302.9
298.7

261,602
270, 395
269, 959
251, 078

513
515
517
509

14,905
14, 720
14, 996
14, 691

90.2
87,3

104
104

89
88

92
92

82
80

101.1
101.0

121. 7
121.2

138
127

101.0
103.7

241
242

95
96

89
89

88
88

285.3
280.7

245, 440
224, 837

498
496

14, 299
14, 390

May
June
July_
August

100

135
94
107
124
117
122

100 eiOO.O
55
87.0
91
88.6
124
94.8
114
91.9
130
93.0

ftaptfiiribfti"
October
November
December. _

1 Data from Massachusetts Department of Labor and Industries, Division of Statistics. Yearly figures through 1922 are based on identical plants as secured by a yearly
census. Data for 1923,1924, and 1925, are connected to the series by the chain relative method, representing at lesat 40 per cent of the firms included in the yearly figures.
These will later be revised by a complete census and subsequent data will be added by the chain relative method.
2 Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State, as reported by the New York
State Department of Labor. The 1914 average upon which the index numbers are calculated is an average of the 7 months, June to December, 1914, inclusive. As originally
published
by the New York Department of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-month average.
3
4 Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware.
Data on Illinois represent reports by about 1,400 manufacturing establishments, employing about 400,000 people, to the Illinois Department of Labor. Figures on
employees
are based upon the number on the pay roll nearest the fifteenth of the month.
6
Data compiled by Industrial Commission of Wisconsin. Prior to June, 1923, this index was based on identical manufacturing establishments employing about 80,000
people;
thereafter
on link relatives from reports of manufacturing, logging, and agricultural firms.
6
Data on Detroit employment from the Employers' Association of Detroit, covering about two-thirds of the working population of that city. Figures for the last week
of the
month
are
given
here.
7
8 Relative to first quarter of 1915.
Percentage of trade-union membership employed and applications and job vacancies reported to Canadian employment service, latter being prorated from weekly
reports, from Dominion Department of Labor, Employment Service of Canada;employment index number taken as of the first day of the month following that indicated,
showing conditions reported by an average of about 5,800 firms employing about 775,000 workers in 1923, in manufacturing construction, mining, logging, and services from
Department of Trade
9 and Commerce, Dominion Bureau
10 of Statistics. Trade-union employment figures fom 1915 through 1918 are averages of quarterly data.
January, 1920.
December only.
"Average of four quarters, March, June, September, and December.



102

*ȣ?

Ir *1J *«!

%%

|i2a

Per ct.
base
scale

Cents per hour
\

monthly av.
monthly av.
monthly av_
monthly av_
monthly av_
monthly av.
monthly av.

20
23
28
36
41

20
25
31
39
41

20
24
30
38
41

14
16
21
27
32

12
13
17
23
28

16
17
21
28
36

21
24
29
39
43

25
28
34
45
53

26
29
36
44
47

1920
1921
1922
1923
1924
1925

monthly av.
monthly av_
monthly av.
monthly av_
monthly av.
monthly av_

49
36
32
38
38
38

49
38
39
51
50
46

50
35
36
45
45
45

37
26
21
25
28
27

32
25
20
22
24
25

40
28
24
25
27
27

53
35
31
39
40
37

62
45
31
34
36
38

1924
September
October
November
December

39
38
38
37

48
47
46
47

41
41
41
43

29
30
28
27

24
24
25
23

28
27
28
27

43
40
41
39

1925
January
February..
March
April

36
38
38
38

44
45
48
47

52
46
44
46

22
23
25
29

21
26
24
23

28
29
28
27

38
38
38
38 1

46
46
47
47

42
42
.43
42

28
29
28
28

26
26
25
25

38
38
38
38

46
46
46
48

44
46
45
48

30
25
27
27

37 |
38
39
39

45
57
56
54

46
.42
46
46

38
38

50
46

44
45

May
June ._
July . _August
•
September
October
November
December

192G
January
February
March
April
M!ay
June
July
August

September
October
November
December

__

'

•^S § U.S.
averfe££,c

age

iai

£M
> QC

CANADIAN EMPLOYMENT 6 1
Workers Jobs
regisregistered 1
tered
1i

Dollars Number of applicants per 100 jobs
per mo.

Number

i

1913
1914
1915
1916
1917
1918
1919

__

ill!

Southern
States

« I

EMPLOYMENT AGENCIES «
Central
States

8&fl III H* «*! 8p|
*l£

Pacific

U.S.
average

YEAR AND
MONTH

mast
North
Central
West
North
Central

WAGES OF COMMON LABOR BY GEOGRAPHIC
DIVISIONS i

Eastern
States

U. S. STEEL
CORP. WAGE
RATES 2
YOUNGSTOWN DISTRICT
(wages of
steel workers)4

Table 82.—WAGES AND EMPLOYMENT AGENCIES

26
28
36
45
52

19
20
20
23
30
37
42

160.0
191.8
174.0

30.21
29. 72
29.97
32.58
40.19
49.13
56.77

55
46
37
42
41
44

60
50
48
54
52
52

44
39
33
42
50
50

192.0
151.0
123.3
138. 5
145.8
131.8

65. 05"
43.58
42.09
46.74
47.22
47.88

39
38
37
37

43
42
41
41

52
53
52
52

50
50
50
50

143.5
143. 5
140.5
140.5

48.46

34
41
36
37

36
39
41
37

39
39
43
42

52
51
53
53

50
50
50
50

139. 0
139. 0
137. 5
137. 5

24
25
26
25

37
38
36
38

38
38
35
38

45
47
48
44

52
53
52
52

50 |
50
50
50

133. 0
133. 0
127.0
127.0

25
25
25
25

26
28
29
25

38
36
36
37

38
37
37
38

45
46
46
43

53
53
52
51

50
50
50
50

127.0
127.0
127.0
127.0

27
28
30
27

28
26
24
24

25
27
27
28

36
39
38
40

36
35
36
37

42
41
44
45

51
51
53
52

50
50
50
50

128.5
128.5
131.5
131. 5

29
28

25
25

27
27

37
38

36
36

44
45

53
53

50
50

133. 0
133.0

45.04

47.40

48.55

48. 99

46.56

48.40

49. 89

U73
127
105
143
140

> 131
106
100
127
122

7235
146
131
180
175

7 164
125
109
130
122

795
70
60
69
64

41, 533
44, 240
45, 690
49, 098
43, 281
44, 514

40, 165
35, 002
39, 157
45, 082
34, 339
38, 384

126
129
141
152

116
112
122
131

164
165
174
195

111
122
127
138

57
59
71
66

62, 465
50, 982
40, 078
37, 187

65, 709
40, 310
23, 438
23, 233

174
163
145
124

142
139
126
111

232
222
189
152

147
132
134
120

70
57
65
63

42, 059
31, 537
38, 028
33, 544

26, 807

129
155
140
131

124
118
132
123

162
180
177
167

122
122
136
127

59
59
71
65

39, 953
38, 107
39, 502
83, 777

30, 650
29, 335
31, 509

105
144
127
146

87
113
119
126

137
144
149
190

89
93
119
120

59
59
66
70

77, 436
50, 212
27, 215
22, 802

75, 312
42, 230
40, 766
21, 797

174
158
137
126

138
108
117
114

237
222
185
157

139
120
114
137

75
75
64
62

35,988
29, 414
37, 664
42, 029

20, 699
19, 823
27, 802
36, 166

115
130

113
123

138
174

103
109

56
54

"""

20,240
24, 510
35, 563

81,886

1

"

1 Compiled by the U. S. Department of Agriculture, Bureau of Public Roads. The current data beginning January, 1922, are compiled directly from Federal aid pro.jec
reports. Earlier data included reports on farm labor or other forms of common labor closely correlated as reported, to the Department of Agriculture and the Department
of Labor.
2
Average rates in the Pittsburgh district reported by the United States Steel Corporation; rates apply to 10-hour day except for the period Oct. 1,1918, to July 16, 1921,
during which period the rates applied to a basic 8-hour day with time and a half for overtime, and beginning Aug. 16,1923, when they applied to an 8-hour day, the 10hour3 workers amounting to only 30 per cent of the total.
Average rates paid to farm labor as reported by crop reporters to the U. S. Department of Agriculture, Bureau of Agricultural Economics. Data by sections of the country
are shown
in the detailed reports published in Crops and Markets.
4
Compiled from data furnished by the Western Sheet and Tin Plate Manufacturers' Association and the Amalgamated Association of Iron, Steel and Tin Workers. The
wage scales are based on the price of steel sheets in the previous two-month period as ascertained by actual prices received by mills. Monthly data from 1917 together with
price5 of steel sheets for the same period appeared in the May, 1926, issue (No. 57) of THE SURVEY, p. 13.
Compiled from weekly reports to the U. S. Department of Labor, Employment Service, showing the number of workers and jobs registered at State and municipal employment agencies. Eastern States included in the report are Connecticut, District of Columbia, Massachusetts, New Jersey, New York, and Rhode Island (Delaware
Maryland, and Pennsylvania, now reporting, are excluded to show true comparison). Central States are Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri,
Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Southern States include Alabama, Arkansas, Georgia, Kentucky, North Carolina, Oklahoma, Texas,
and Virginia. Western States include Arizona, California, Colorado, Idaho, Oregon, and Washington; Montana is included beginning with March, 1922, its figures being
so small
as not to affect the total.
6
Percentage of trade-union membership employed and applications and job vacancies reported to Canadian employment service, latter being prorated from weekly
reports, from Dominion Department of Labor, Employment Service of Canada', employment index number taken as of the first day of the month following that indicated
showing conditions reported by an average of about 5,800 firms employing about 775,000 workers in 1923, in manufacturing construction, mining, logging, and services from
Department
of Trade and Commerce, Dominion Bureau of Statistics. Trade-union employment figures from 1915 through 1918 are averages of quarterly data.
7
Six months' average June to December, inclusive.




103

Table 83;—WEEKLY EARNINGS OF FACTORY LABOR
[Base year in bold-faced type]
U. S. TOTALS, 33 INDUSTRIES 1

Men
Grand
total

UnTotal Skilled skilled

YEAR AND
MONTH

U. S. TOTALS, 33 INDUSTRIES 1

BY STATES

Penn- Dela- IlliWo- MasNew New
Jer- syl- : ware
7 nois s
men sachusetts « York« sey 7 vania

Wisconsin*

Total

Skilled

Unskilled

Women
I

Relative to 1914

Relative to July, 1914

Relative to 1923

Rel. to Rel. to
1922
1915

Dollars

RELATIVE NUMBERS

1914mo.av__ * 100
1915 mo. av
1916 mo. av
191 7 mo. av
1918 rno. av
1919mo.av_

1920 mo. a v
1921mo.av__
1922 mo. av..
1923 mo. av__
1924 mo. a v__
1925mo.av__

NEW
YORK
STATE
(6)

Men
Grand
total

4

100 *100

2

4

100

4

10O

100.0
103.2
116.6
134.7
167.8
190.8

100
103
116
131
188
188

NUMERICAL DATA
4

4

$7. 84

$13. 48
12.85
14.43
16.37
23.50
23.50

* 27. 11 2 18. 27
20.48
16. 07
3
20. 53 3 15. 99
22. 61
17.46
22. 86 . 16. 89
23.62
17.27

28.15
25.72
25. 04
27.23
27.68
28.29

104
102
102
101

111.9
113.9
112.1
113.2

224.0
234. 1
231.7
232.9

27.09
27.12
27.19
27.01

29.20
29.35
29.45
29.25

30.75
30.96
31.09
30.85

24.02
23.81
23.86
23. 75

17.79
17.70
17.62
17.44

28.29
27. 97
28.45
27.67

100
97
94
97

102
100
97
99

113.0
113.8
110.9
112.9

238.4
232.4
222.6
237.3

27.02
26.49
26.31
26.37

29.50
28.98
28.61
28.73

31.19
30.65
30.26
30.30

23.66
23.19
22.92
23.23

17.50
16.95
16.70
16.87

28.07
27. 94
27.98
28.46

98
103
103
105

95
101
99
103

96
102
104
104

107.6
115.3
115.2
116.4

231.1
241.0
234.7
235.2

26.94
27.12
27. 13
27.48

29.27
29.51
29.43
29.86

30.89
31.20
31.08
31.54

23.48
23.66
23.79
24.10

17.00
17.13
17.15
17.43

28.32
28. 57
28.67
29. 05

233
229
233
231

104
104
105
105

100
103
104*
103

104
104
103
104

114.3
118.4
116.4
116.9

228.6
240.5
241.9
241.2

27.07
27.49
27.49
27.26

29.47
30.04
30.13
29.87

31.16
31.79
31.82
31.50

23. 76
24.04
24.21
24.01

17.07
17.31
17.30
17. 38

29.05
28.58
' 29. 03
28.85

230
232

106
108

103
104

103
105

117.1
117.5

240. 9
236.6

27.13

29.61

31.21

23.91

17.09

28. 69
28.99

100
98
99

100
102
101

220
221
221
220

217
219
220
218

224
222
223
222

227
226
225
222

189.5
189.1
188.9
184.5

227
224
228
222

98
101
101
98

99
-101
101
99

215
211
210
210

222
218
215
216

220
216
214
214

221
217
214
217

223
216
213
215

185,4
182.9
187.3
187.9

225
224
224
228

104
102
101
103

September..
October
November _ _
December...

215
216
216
219

221
222
221
225

218
220
219
223

219
221
222
225

217
218
219
222

186.5
189.9
187.8
187.8

227
229
230
233

1926
January
February
March
April

216
219
219
217

222
226
227
225

220
225
225
222

222
224
226
224

218
221
221
222

188.8
189.3
184.8
180.3
179.9
178.7

May
June
July
August

$10. 71

10100
110
112
113

100
100
101

May
June
July.
August

4

2 33. 31
26. 55
3
27. 42
30.12
30.04
30.90

226
206
201
218
222
227

216
216
217
215

$14. 18

2 31. 72
25.05
3
25. 69
28.27
28.31
29.26

227.6
196.8
196.6
223.8
210.8
187.3

1925
January
February
March
April

4

2 29. 51
23.57
3
24. 06
26.25
26. 27
26.94

2233
205
204
223
215
220

3

$13. 30

254
202
196
218
223
233

2253
191
3
192
211
213
221

2238
188
3193
213
213
220

4

125
146
186
209

235
188
194
213
212
218

2235
188
3192
209
209
215

1

$13. 54

H106

September..
OctoberNo vember..
December. __
1 Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 5\)6,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average man-hours worked each week. The grand total weekly earnings are compiled by weighting the average earnings in each industry by the number of wage earners employed as reported by the census of manufacturers of 1919, but as it was impossible to obtain the necessary weighting factors for the classes of labor, the latter averages
are unweighted;
hence, the relative number for the grand total sometimes is lower than the relative number of any class, owing to the different methods of computation.
2
Average of last seven months of the year
3 Average of last six months of the year.
4fi July, 1914.
Data from Massachusetts Department of Labor and Industries, Division of Statisics. Yearly figures through 1922 are based on identical plants as secured by a yearly
census. Data for 1923,1924, and 1925 are connected to the series by the chain relative method, representing at least 40 per cent of the firms included in the yearly figures.
These
will later be revised by a complete census and subsequent data will be added by the chain relative method.
6
Figures represent reports from 1,648 firms in New York State employing more than one-third of the factory workers of the State, as reported by the New York State
Department of Labor. The 1914 average upon which the index numbers are calculated is an average of the 7 months, June to December, 1914, inclusive. As originally
published
by the New York Department of Labor, the index numbers are based on June, 1914, and have been recalculated to the 7-month average.
7
Compiled by the Federal Reserve Bank of Philadelphia from reports of about 1,000 plants each month in the States of New Jersey, Pennsylvania, and Delaware.
8
Compiled by Illinois Department of Labor from reports of about 1,400 manufacturing establishments, employing about 400,000 people, taken from the pay roll nearest
the 15th
of the month. The index on earnings is relative to the last six months of 1922.
8
Data compiled by Industrial Commission of Wisconsin. Prior to June, 1923, this index was based on identical manufacturing establishments employing about 80,000
people;
thereafter
on link relatives from reports of manufacturing, logging, and agricultural firms.
10
Relative to last six months of 1922.
11 Relative to first quarter of 1915




104
Table 84.—PAY ROLL AND HOURS IN INDUSTRIAL ESTABLISHMENTS
PAY-ROLL INDEXES

Total, i

YEAR AND MONTH

groups

Textiles
and
their
products

Food
and
kindred
products

Iron
Lum- Leather
and
oer
steel
and itsand
finand
its
their manu- ished
prodprodfacucts
ucts
ture
., ,

Paper
and
printing

AVERAGE
WEEKLY
HOURS 2

VehiChem- Stone,
Tocles Miscelclay,
icals
Nonbacco
for
laneand
and ferrous manu- land
ous
other glass Metals' fac- trans- indusprod- prodportature
tries
ucts
ucts
tion

Actual

NUMERICAL
DATA

INDEX NUMBERS RELATIVE TO 1923
1914, July
1920 monthly average.
1921 monthly average.
1922 monthly average.
1923 monthly average.
1924 monthly average .
1925 monthly average.

Nominal

I

100
98
94

100
87
90

100
87
91

100
97
98

100
88
89

100

100

102
105

93
96

100
1C1
103

10O
92
98

10O

91
94

96
93

10O
88
94

100
91
95

55.0
350.0
49.7
4
50.0
49.9
49.7
49.9

95
99
99
97

99
.100
99
95

97
101
97
90

93
98
100
98

94
100
101
102

96
97
96
88

103
104
104
104

95
. 97
101
100

97
101
105
109

95
103
105
101

100
99
98
90

87
97
97
97

96
101
99
99

49.6
49.0
50.1
49.9

48.5
48.3
47.8
47.4

May
June
July
August

92
87
81
84

96
98
98
96

83
79
72
78

91
82
73
76

101
99
92
93

83
79
78
87

103
101
97
97

94
89
86
87

108
106
94
98

95
87
78
80

92
95
93
93

91
84
77
81

95
86
84
82

49.9
49.9
49.6
49.5

46.6
45.4
44.8
45.2

September __
October
November
December..

86
89
88
92

100
97
97
100

84
87
83
90

77
81
82
88

96
98
96
97

91
92
85
88

101
103
103
106

89
90
92
92

98
101
99
100

84
87
90
96

97
88
100
103

82
87
84
86

85
84
87
90

49.6
49.6
49.7
49.8

46.4
47.1
47.1
47.1

1925
January
February
March
April

90
95
97
94

96
95
93
88

92
96
97
91

90
93
94
91

90
96
98
97

92
96
96
88

105
104
106
104

91
94
100
99

92
98
102
105

95
98
100
95

96
89
90
76

79
92
96
97

91
96
98
97

49.8
49.9
49.9
49.9

48.5
48.6
48.6
48.2

May
June
July
August

94
92
90
91

90
93
93
93

88
85
85
87

92
89
85
87

98
100
97
97

87
82
85
94

104
103
101
102

94
91
92
94

107
106
99
105

98
97
94
98

93
92
91
92

97
93
90
90

99
93
91
93

50.1
49.8
49.8
50.1

48.1
47.4
47.5
47.5

90
96
96
97

93
98
97
97

83
90
90
90

85
92
93
97

100
102
101
100

91
92
85
84

. 103
108
110
113

96
100
101
101

103
109
109
106

93
99
102
106

92
99
101
101

91
100
101
97

91
93
93
99

50.0
50.0
49.7
49.9

48.3
48.3
48.5
49..1

95
99
99
97

94
93
92
89

91
93
93
87

95
99
101
100

91
96
96
97

87
91
90
82

110
110
112
111

100
101
106
105

98
101
104
105

101
104
107
104

88
86
90
84

86
98
100
99

100
102
103
103

49.9
49.8
50.1
50.4

48.5
48.9
49.0
48.5

96
96

92
94

83
81

98
92

98
100

79
83

111
111

100
100

110
112

100
98

83
89

97
95

100
100

49.9

48.1

1924
January. __
February
March
April

September
October.
November .
December

1926
January
February
March
April
May
June
July
August

1...

_.

_.

_

100

51.5
348.7
45.5
M9.2
49.2
46.8
48.2

.

September
October

1 Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent weighted indexes of the amount of the pay roll at the date nearest t he middle
of each month, for 52 industries combined into 12 groups as above. The groups are weighted in accordance with the aggregate earnings of the respective industries in 1919.
The actual data are obtained from a varying number of reporting firms each month, the months of 1925 covering over 9,000 firms, employing almost 3,000,000 people.
2 Compiled by the National Industrial Conference Board from reports from 1,678 manufacturing plants employing 506,315 people in January, 1921, and representing 23
industries. The nominal hours per week represent the weighted number of hours the plants are supposed normally to operate, while the actual hours represent the average
man3 hours worked each week.
Average of last seven months of the year.
4
Average of last six months of the year.
5 Includes enameled ware and brass, bronze, and copner products




105

Table 85.—FACTORY TIME OPERATIONS
Total,
13
groups l

YEAR AND MONTH

Food Textiles Iron
and
and
and
steel
kintheir
and
dred
their
prod- prodproducts
ucts
ucts

Lumber
and its
manufacture

Leather
and
Paper
its finand
ished printproding
ucts

VehiChem- Stone,
Tocles Miscel- Ratio
icals
clay, Non- bacco
actual
lanefor
and ferrous manu- land
and
time to
ous
other glass metals4 faccapacindustransprod- prodity 2
ture
porta- tries
ucts
ucts
tion
Per cent

AVERAGE PER CENT OF FULL TIME OPERATED
1924 monthly average 3
1925 monthly average

91
93

87
88

88
93

89
93

94
95

90
91

95
95

90
95

92
91

90
96

91
92

93
96

92
94

72
77

January
February
March
April

92
93
93
92

89
89
84
83

94
96
96
94

91
93
92
92

92
95
95
95

92
93
92
88

96
96
95
95

93
93
97
97

87
90
89
93

95
97
96
96

94
92
89
82

94
95
96
97

93
93
95
94

75
77
77
76

May
_
June
July
August...

92
92
92
94

83
86
89
89

93
93
91
93

93
92
91
94

95
95
93
95

87
87
89
95

95
94
94
95

96
95
94
96

92
92
91
93

97
96
96
95

91
94
92
94

96
95
95
95

91
93
93
95

75
75
75
80

September ._
October
November
December.

93
94
94
94

88
91
90
91

91
93
93
93

92
94
94
95

96
97
97
97

93
93
90
87

95
97
97
96

95
95
96
97

92
94
93
91

96
96
99
96

93
97
94
96

95
96
96
96

94
95
95
95

78
80
80
80

93
94
94
93

91
87
87
86

94
95
95
93

94
95
95
95

95
96
96
96

90
92
94
90

97
97
97
96

96
95
97
97

88
89
89
92

94
95
98
96

90
92
96
92

%
96
96
91

93
94
95
94

79
82
82
81

93
92

88
88

91
88

94
93

95
95

90
90

96
96

95
96

93
93

96
95

93
94

97
96

96
94

80
78

1925

1926
January
February
March
April

_

May
June
July.
August

AVERAGE PER CENT OF FULL CAPACITY OPERATED
1924 monthly average 3
1925 monthly average - _

79
83

78
82

78
85

70
76

87
89

73
82

89
92

76
78

84
85

69
80

77
83

82
86

73
78

January
February _
March
April

82
83
83
83

82
82
79
76

85
86
87
87

73
74
74
73

87
89
89
90

80
83
81
78

91
92
91
92

78
83
85
87

76
83
83
87

77
80
76
78

84
80
74
75

84
85
84
85

78
77
76
78

May
June
July...
August

82
82
82
85

76
81
78
84

85
84
84
86

75
74
74
78

89
89
88
89

79
79
80
85

92
91
91
91

73
66
72
73

83
85
85
88

77
81
81
86

79
80
84
86

83
85
86
87

76
76
77
78

84
85
85
85

86
86
87
87

84
85
86
86

76
78
78
79

90
90
90
89

85
86
85
81

92
94
94
95

80
79
74
80

87
87
88
85

83
83
81
81

87
88
87
89

86
89
88
87

78
81
82
83

85
87
87
87

85
86
84
85

87
89
88
86

79
80
82
82

89
88
88.
88

82
87
88
86

94
94
95
94

83
86
89
85

85
87
86
89

86
86
87
86

85
86
89
88

88
89
88
95

82
83
83
83

86
85

86
80

86
84

81
81

88
88

84
82

94
92

74
72

91
91

84
82

88
84

89
87

86
80

1925

„ ._

September
October
November
December

._

1926
January
February..
March
April
May
June__ _
July
August

_

_

-_
_

-_
..-

1
Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, from reports of over 9,000 firms, employing almost 3,000,000 people showing, in the lower part of
table, the percentage of their capacity force employed each month and, in the upper part of the table, the percentage of full time worked by the force actually employed.
Details for individual industries of each group and percentage of firms operated at full capacity and at full time are given in " Employment in Selected Industries," issued
each,2 month by the Bureau of Labor Statistics.
These data, compiled by multiplying the percentage of capacity operated, as shown in the first column bf the lower half of this table, by the percentage of time
operated,
as shown in the first column of the upper half, indicate the approximate actual employment time relative to capacity.
3
Average of last 10 months of year.
4
Includes enameled ware, brass, bronze, and copper products.




106

Table 86.—CHAIN-STORE SALES
[ Relative numbers for base year in bold-faced type; numerical data on opposite page]
GROCERIES
(27 chains) 3
With
Actual seasonal
correction 2

YEAR AND MONTH

FIVE AND
TEN
(5 chains)

Actual

DRUG
(9 chains)

With
seasonal
correction 2

Actual

With
seasonal
correction 2

CIGAR
(3 chains)

Actual

With
seasonal
correction 2

SHOE
(6 chains)

MUSIC
(4 chains)

CANDY
(5 chains)

With
Actual seasonal
correction 2

With
Actual seasonal
correction 2

With
Actual seasonal
correction 2

Relative to 1919
1919 monthly average
1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

..
.. _

100
146
130
151
188
214
264

100
121
123
127
144
150
154

100
120
124
140
165
185
209

100
133
132
128
135
138
142

10O
109
86
101
113
101
122

100
120
113
114
123
133
139

1

100
138
142
147
176
190
199

1923
190
184
179
180

190
187
186
189

154
154
143
153

162
168
158
161

142
149
141
145

144
151
139
145

137
136
128
135

134
140129
138

143
144
102
95

124
135
112
121

100
97
82
103

120
122
111
115

168
170
169
176

174
182
172
176

184
201
204
203

194
195
202
194

151
180
176
331

162
166
168
179

143
152
141
185

145
149
150
152

140
138
134
193

140
132
135
143

127
139
131
171

133
123
121
130

102
137
149
214

102
113
119
113

176
186
180
270

178
181
189
185

205
201
200
210

204
200
184
208

126
140
163
178

173
179
170
190

141
143
149
145

146
150
147
149

119
124
136
130

137
140
140
136

99
93
118
178

130
132
118
153

84
97
99
88

102
112
110
103

154
167
184
205

184
190
182
205

214
200
206
201

214
203
214
211

174
162
163
172

183
177
179
181

150
143
148
152

153
146
' 147
151

143
131
128
138

141
134
129
141

150
140
113
108

130
132
123
138

82
75
72
91

99
94
97
102

186
169
177
180

193
181
181
179

210
240
232
253

221
234
230
242

169
203
199
366

183
188
191
198

145
159
145
187

147
156
164
153

137
144
138
192

137
137
139
142

124
138
146
186

129
122
134
142

110
124
111
184

110
102
87
98

189
199
186
282

192
194
195
188

250
233
252
258

249
243
233
255

151
156
177
195

207
209
185
208

155
146
160
159

161
161
159
164

122
119
131
134

141
140
135
139

107
100
127
177

141
149
127
152

92
99
105
107

112
120
116
126

162
175
188
210

193
207
186
210

254
254
259
243

254
257
269
255

191
187
183
195

201
203
201
205

163
167
166
171

166
170
164
171

143
134
136
142

140
137
137
145

149
152
122
120

129
142
134
153

96
99
104
128

116
125
140
143

195
184
181
202

202
197
185
202

245
318
272
332

258
309
270
318

191
237
220
427

206
219
211
231

169
179
167
225

172
175
177
185

142
151
136
212

142
145
138
157

129
164
136
188

135
145
126
143

136
141
139
214

136
117
111
114

202
215
195
280

204
209
205
191

January
February
March
April

286
287
302
329

284
299
279
324

166
170
199
202

228
227
207
216

178
172
196
193

185
189
194
199

127
127
143
150

146
151
147
156

108
97
143
166

143
145
143
143

101
103
112
111

122
126
124
130

167
173
206
226

199
205
204
226

May

305
300

304
304

. 214
204

225
222

191
187

193
190

160
152

157
156

174
153

151
144

109
118

131
149

220
204

228
218

May
June
July
August

. __

_
-- .

September

October
November _
December

_.

1924
January
February
March__
April

May

_

_-

June
July
August

- -

Spptp/mbpr
October
November
December

-

1925
January
February
March
April .

May
June
July.
August

_

September
October
November
December

_

.
_ __

1926

June
July
August

-

Sp.ptp.mbpr
October
November
December
v




See footnotes on opposite page

107

Table 87.—CHAIN-STORE SALES l
[Base year in bold-faced type; relative numbers on opposite page]
GROCERIES
(27 chains)
YEAR AND MONTH

Thousands of
dollars

Number of
stores

$28, 046
40, 794
36, 351
42, 404

1919 monthly av
1920 monthly a v
1921 monthly av
1922 monthly av

FIVE AND TEN
(5 chains)
Thousands of
dollars

Number of
stores

$17, 100
20, 491
21,160
23, 875

DRUG
(9 chains)
Thousands of
dollars

Number of
stores

$3, 917
4,737
4,826
4,985

CIGAR
(3 chains)
Thousands of
dollars

Number of
stores

$5, 525
7,852
7,800
7,538

SHOE
(6 chains)
Thousands of
dollars

Number of
stores

CANDY
(5 chains)

MUSIC
(4 chains)
Thousands of
dollars

Number of
stores

$905
989
775
914

$2, 337
2,804
2,651
2,663

Thousands of
dollars

3

Number of
stores

$949
1,308
1,348
1,391

1923 monthly av
1924 monthly a v
1925 monthly ave__.

52, 732
60, 119
74, 094

15, 362
18, 351
22, 244

28, 172
31, 574
35, 761

1,819
1,958
2,084

5,655
5,899
6,286

492
525
553

8,025
8,197
8,404

2,737
2,776
3,015

2,880
3,103
3,254

343
407
488

1,026
917
1,101

59
55
56

2,133
2,307
2,416

1923
September
October
November
December

51, 594
56, 286
57,094
56, 974

16, 033
16, 422
16, 639
16, 827

25, 766
30, 806
30, 049
56, 644

1,828
1,847
1,872
1,882

5,585
5,962
5,507
7,261

500
506
518
514

8,284
8,197
9,925
11, 435

2,747
2,700
2,698
2,705

2,972
3,243
3,069
3,992

354
359
362
364

923
1,235
1,346
1,933

59
59
59
59

2,137
2,257
2,182
3,275

1924
January
February
March
April
_

57, 625
56,233
56, 032
59, 028

17, 161
17, 294
17, 456
17, 703

21, 531
23, 881
27, 922
30, 398

1,893
1,894
1,920
1,933

5,506
5,583
5,831
5,683

520
521
524
524

7,052
7,335
8, 042
7,713

2,770
2,699
2,721
2,741

2,308
2,166
2,754
4,170

365
371
383
398

761
876
894
795

59
57
57
55

. 1,876
2,031
2,230
2,494

Mav
June
July
August

60, 071
56,002
57, 887
56, 356

17, 973
18, 297
18, 526
18, 717

29, 822
27, 736
27, 861
29, 361

1,930
1,952
1,969
1,975

5,888
5,615
5,798
5,948

525
526
529
529

8,499
7,748
7,612
8,180

2,754
2,772
2, 760
2,797

3,516
3, 279
2,642
2,529

405
406
405
407

741
677
652
821

55
55
55
55

2,264
2, 053
2,150
2,181

September
October
NovemberDecember

58, 816
67, 404
65, 031
70, 947

18, 896
19,090
19, 395
19, 707

28, 965
34, 751
34, 021
62, 634

1,986
1,996
2,010
2,033

5,677
6,229
5,669
7,314

533
524
526
_527

8,131
8,520
8,168
11, 362

2,814
2,815
2,829
2,841

2,902
3,218
3,400
4,358

415
425
447
452

994
1,118
1,002
1,668

55
54
54
54

2,298
2,420
2,253
3,430

186
179

1925
January..
February
March
April

70, 161
65, 368
70, 792
72, 412

20, 033
20, 385
20,835
21, 297

25, 746
26, 623
30, 201
33, 357

2,028
2,036
2,048
2,059

6,066
5,730
6,285
2,243

528
528
531
532

7,255
7,026
7,786
7,919

2,817
2,809
2,884
2,908

2,499
2,334
2, 968
4,138

451
456
462
471

831
893
946
970

54
55
54
55

1,966
2,123
2,283
2,545

178
195
196
212

May
June
July
August

71,315
71, 105
72, 649
68, 189

21, 751
21, 920
22, 640
23, 017

32, 615
31, 973
31, 219
33, 331

2,069
2, 078
2,081
2,101

6,390
6,546
6,490
6,711

541
548
550
551

8,468
7,928
8,040
8,417

2,930
2,966
3,008
3,088

3,480
3,546
2,855
2,810

480
491
492
498

870
896
944
1,156

54
58
55
57

2,367
2,234
2,196
2,455

220
225
232
239

September
October
November
December.. _

68, 631
89, 210
76, 230
93,064

23, 309
23, 655
23, 897
24, 190

32,710
40, 582
37, 676
73, 098

2,108
2,126
2,135
2,136

6,630
7,015
6,522
8,809

560
568
589
615

8,429
8,969
8,072
12, 536

3,118
3,165
3,224
3259

3,015
3,823
3,186
4,398

504
508
516
521

1,234
1,272
1, 257
1,939

57
57
58
60

2,449
2,606
2,372
2,396

240
222
231
234

1926
January
February
March
April

80, 137
80, 460
84, 676
92, 205

24, 327
24, 540
24,743
24,889

28, 334
29, 012
33, 963
34, 529

2,149
2,156
2,166
2, 176

6,978
6,735
7,671
7,564

612
622
632
638

7,545
7,544
8,442
8,886

3,265
3,266
3,270
3,288

2,524
2,274
3,340
3,880

522
522
529
538

911
932
1,013
1,000

60
61
59
59

2,028
2,101
2, 504
2,745

232
229
236
249

85, 582
84,004

25, 101
25, 350

36, 561
34, 876

2,194
2,208

7,460
7,316

619
626

9,489
8,979

3,282
3,310

4,063
3, 586

547
556

982
1,071

59
59

2,670
2, 476

251
269

May
June
July
August

__

September
October
November
December

3120
3134
219

_ _

1 Compiled by the Federal Reserve Board, Division of Research and Statistics. Monthly data from 1919 on grocery and candy chains (but not comparable with present
data) appeared in January, 1924, issue (No. 29) p. 49. The music chains operate locally in the West, but otherwise the data cover the larger chain-store organizations operating
nationally.
•
•
"
2
Based on variatons in the 4-year period 1919'to 1922. For details of computation see Federal Reserve Bulletin for January, 1924. Correction of the actual data, to
eliminate seasonal variation,may be accomplished by dividing the index for each month by the seasonal index for the corresponding month given in the table on p. 154 of
the February, 1924, issue (No. 30) of the SURVEY.
3 Four chains prior to January, 1923. The average number of stores for 1923 and 1924 is also for 4 chains only. The index numbers, however, are strictly comparable for
the entire period, as allowance has been made for the extra chain in the base beginning with 1923.




108

Table 88.—TEN-CENT CHAIN STORES
F. W. WOOLWORTH CO.

TOTAL a
(4 chains)
YEAR AND MONTH

McCRORY
S. S. KRESGE
STORES CORP.
CO.

F. & W.
GRAND

S. H. KRESS
CO.

METROPOLITAN

Sales Stores Sales Stores

Sales

Average
per store

Stores

Sales

Stores

Sales

Stores

Sales

Stores

Sales

Stores

Thous.
of dolls.

Dollars

Number

Thous.
of dolls.

Number

Thous.
of dolls.

Number.

Thous.
of dolls.

Number

Thous.
of dolls.

Number.

Thous. Num- Thous. Numof dolls. ber. of dolls. ber.

monthly
monthly
monthly
monthly
monthly
monthly
monthly

average _
average .
average.
average
average.
average .
average .

$7, 972
8,544
9,582
11, 278
12, 806
14, 520
16, 575

$7,909
7,839
8,086
8,398
8,820
9,680
10, 728

1,008
1,090
1,185
1,343
1,452
1,500
1, 545

$5, 519
5,801
6,333
7,257
8,174
8,931
9,958

684
737
805
920
1,000
1,039
1,081

$1, 105
1,341
1,745
2,200
2,508
3,026
3,556

100
118
140
161
165
169
171

$450
411
468
566
655
800
957

110
116
117
132
143
147
148

$898
991
1,036
1,255
1,469
1,763
2, 104

114
119
123
130
144
145
145

$478

$661

19

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

average .
average .
aver age .
average.
aver age .
average.

19, 575
20, 561
23, 344
27, 555
30, 923
35, 035

12, 265
12,560
13, 780
15, 639
16, 311
17,234

1,600
1,637
1,694
1,813
1,956
2,065

11, 741
12, 302
13, 934
16, 120
17, 956
19, 918

1,111
1,137
1,176
1,261
1,364
1,420

4,270
4,655
5,433
6,820
7,508
8,831

188
199
212
233
256
298

1,198
1,195
1,423
1,781
2,103
2,465

156
159
161
167
176
181

2,415
2,409
2,554
2,834
3,355
3,830

145
142
145
152
160
166

868
538
520
615
652
732

67
77
71

735
305
360
452
548
710

19
19
22
23
28
37

25, 696
25, 785
23, 920
25, 555

14, 776
14, 743
13,606
14, 462

1,739
1,749
1,758
1,767

14, 799
14, 912
14, 002
14, 964

1,199
1,265
1,210
1,216

6,370
6,485
5,746
6,338

223
223
223
221

1,640
1,711
1,619
1,725

165
165
166
166

2,887
2,677
2,533
2,527

145
146
146
148

25, 198
30, 193
29, 387
55,241

14, 188
16, 858
16, 290
30, 486

1,776
1,791
1,804
1,813

14, 775
18, 085
17, 283
32, 630

1,225
1,237
1,255
1,261

6,324
7,246
7,508
13, 070

222
228
233
233

1,668
1,877
1,827
3,579

166
166
166
167

2,431
2,985
2,769
5,962

149
150
151
152

1934
January
February
March
April

21, 096
23,406
27,344
29, 725

11, 617
12,811
14, 339
16, 016

1,816
1,827
1,843
1,856

12, 134
13, 431
15, 903
17, 257

1,263
1,271
1,285
1,293

5,457
6,019
6,875
7,370

234
236
235
240

1,352
1,612
1,835
2,085

167
168
168
169

2,153
2,344
2,731
3,013

152
152
155
154

435
475
577
673

77
67
77
77

378
399
511
553

23
23
24
24

May
June
July
August

29,212
27,210
27,329
28, 789

15, 672
14, 435
14, 369
15, 089

1,864
1,885
1,902
1,908

17, 075
15, 485
15, 950
16,927

1,299
1,316
1,328
1,334

7, 157
6,478
6,371
6,802

242
242
245
245

1,963
1,877
1,909
2,060

169
170
171
171

3,017
3,370
3,099
3,000

154
157
258
158

610
527
532
571

66
67
67
67

463
474
460
472

24
24
24
25

28,405
34, 054
33,292
61, 209

14, 802
17,654
17, 134
31,293

1,919
1,929
1,943
1,956

16, 528
20,400
19,369
35,025

1,345
1,351
1,364
1,364

6,851
7,873
8,252
14, 592

245*
247
247
256

1,903
2,102
2,244
4,290

171
172
174
176

3,123
3,679
3,427
7,302

158
159
158
160

562
704
726
1,429

67
67
67
77

469
634
593
1,171

25
27
27
28

1935
January
February
March
April

25, 307
26, 130
29,684
32, 722

12, 932
13, 271
14, 977
16, 427

1,957
1,969
1,982
1,992

14, 205
14, 853
16, 917
18, 895

1,366
1,371
1,381
1,389

6,672
6,644
7,453
8,150

259
262
267
267

1,703
1,783
2,021
2,265

176
176
174
176

2,796
2,850
3,293
3,412

160
160
160
160

509
507
518
640

67
67
66
67

415
471
537
635

29
29
29
30

May
June
July .
August

32,008
31, 351
30,628
32,668

15, 980
15, 582
15,200
16,061

2,003
2,012
2,015
2,034

18, 510
17, 920
17,829
18, 780

1,397
1,403
-1,405
1,411

7,838
7,898
7,510
8,178

273
275
275
285

2,115
2,190
2,151
2,329

173
173
173
175

3,545
3,343
3,138
3,381

160
161
162
163

627
623
592
664

66
66
66
67

556
636
572
621

32
33
33
34

32, 075
39, 752
36,882
71,258

15, 715
19,325
17, 852
34,508

2,041
2,057
2,066
2,065

18,129
22,989
20, 677
39,330

1,415
1,420
1,425
1,420

8,222
9,992
9,425
17,984

287
293
293
298

2,284
2,765
2,669
5,337

175
179
182
181

3,440
4,046
4,111
8,607

164
165
166
166

636
829
794
1,840

67
69
69
71

645
847
836
1,755

33
34
36
- 37

27,767
28, 428
33,279
33,768

13,362
13,641
15, 893
16,049

2,078
2,084
2,094
2,104

15, 168
15,478
18,309
18,967

1,423
1,423
1,431
1,435

7,451
7,496
8,472
8,591

305
312
316
322

2,102
2,174
2,654
2,446

183
182
180
180

3,046
3,280
3,844
3,764

167
167
167
167

567
583
684
'748

71
72
72
72

641
632
763
785

37
37
38
38

35,689
33,686

16,882
15,830

2,114
2,128

20,263
19,021

1,442
1,451

8,993
8,500

325
329

2,486
2,358

180
181

3,947
3,807

167
167

867
856

80
80

801
778

38
38

1913
1914
1915
1916
1917
1918
1919

May
June
July
August

j

1933
.-

September
October _.
November
December

September
October
November
December

September
October..
November
December

_. _
_

_ _

_.

1936
January
February
March
April
May
June
July
August

September
October..
November
December

_.


1922, issue (No. 9),
. .
http://fraser.stlouisfed.org/2Includes F." rr. Woolworth,
S. S. Kresge Co., McCrory Stores Corp., and S. H. Kress Co.
Federal Reserve Bank of St. Louis

.

109
Table 89.—RETAIL SALES
INTERNAL-REVENUE TAX
COLLECTIONS ON SALES 2

RESTAURANT SALES 1

YEAR AND
MONTH

Childs
Co.
Total, 3
chains

Waldorf
System,
Inc.

Jew-

Capital
issues
and
conadmissions 8 vey- 6
ances

FireTheaThomp- arms
and watch- ter
son

es,
shells
and 4
(3) clocks

OTHER CHAIN-STORE SALES 9

Capital
Penney
stock J. C.Co.
trans7
fers
Number of

Thousands of dollars

1913 mo.
1914 mo.
]915Tno
1916 mo.
1917 mo.
1918 mo.
1919 mo.

av
PV
&v
av
av
av
av

375
448
571
696
746
937

8 $320

2,398

7,247
6,892
5,603
6,238
4,903
2,065

5,102

4,022
3,257
3,826
2,863
2,608

820
715
823
721
791
1,373

3,569
3,887
4,086
7,573

312
313
371
475
569
676

2,276

2,633
2,280
2,457
2,860

1,556
1,513
1,201
1,293

3,929
4,258
6,050
7,240

568
569
582
585

5,389

2,612
2,761

1,544
1,407

2,599
2,459

910
1,330
1,111
1,219

7,154

2,468

590
591
593
618

6,378
5,965
6,020
6,303
6,326

12, 606

645
644
668
676

4,970
5,478
7,975
8,762

671
671
687
692

5,608
6,267
6,504

9,797
9,093

694
697

6,945
6,623

2,239

1925
January
February
March
April.

4,175
3,829
4,184
4,037

1,983
1,837
2,005
1,954

1,100
989
1,085
1,038

1, 092
1,003
1, 094
1,045

170
120
139
286

1,602
1,110
522
565

May
June
July
August

4,081
3,851
4,022
4,222

1,919
1,810
1,943
2,109

1,074
1,001
1,024
1,042

1,088
1,040
1,055
1,071

297
289
445
376

455
675
561
524

September
October
November
December

4,289
4,543
4,278
4,658

2,151
2,246
2,107
2,275

1,076
1,157
1,077
1,171

1,062
1,140
1,094
1,212

358
329
506
304

550
556
597
713

1,812
2,148
1,920

2,394
2,928

2,688

2,699

1926
January
February
March
April

4,440
4,088
4,519
4,486

2,120
1,926
2,141
2,171

1,126
1,045
1,150
1, 113

1,194
1,117
1,228
1,202

100
81

1,863
1,053

2,190
2,140

3,017

4,533
4,412

2,165
2,113

1,131
1,089

1,237
1,210

May
June
July
August
September
October
November
Dfiop/rnhfir

1,782
1,566
1,825
1,511
703

2,127

2,229
2,313
1,844

2,615

2,667

1, 278
1,318
1,949
1,802

1,629
1, 639

5,183
6,188

7,037
5,881
6,481

8,298
12, 142

9,850

224
224
224
250
255
268

1,030
1,138
1,190
1,446
1,452
1,408

36
40
43
80
84
88

1,808
1,759
1,898
1,926

256
258
260
262

1,327
1,242
1,394
1, 337

84
84
84
85

2,731
2,810

2,041
1,913
1,965
2,057

263
265
266
267

1,306
1,455
1,418
1,453

85
85
85
85

2,840
2,888
2,946
2,980

2,050
2,257
2,034
3,234

267
266
267
268

1,330
1,451
1, 252
1,886

87
87
87
88

2,985
2,984
' 2,986
2,995

1,895
1,894
2,133
2,341

269
271
273
282

1,261
1,194
1,367
1,291

. 88
88
88
88

2,993

2,502
2,314

278
282

1,253
1,408

88
88

6,637
6,339
6,079
6,272

1,018

440
268
320
363
273
302

1,084
1,230
1,370
1,666
1,892
2,079

$672

$425

3,578

1,063
1,023
970
984
1,041
1,083

18
20
22
25
26
29
32

5,172

$1, 814

820
964
1,103
1,086
1,070

$790

224

$325
360
364
381
443
566
798

2,492
2,587
2,985
3,576
4,336

$3,808
5,408

1,828
1,774
1,864
1,933
1,945
2,028

Owl Drug
Co.

of dolls. stores of dolls. stores

$2, 465

$371
1,198

3,681
3,617
3,798
4,020
4,072
4,181

stores

45
67
80
117
165
192
197

297
402
701
1,240
1,778

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1934 mo. av
1925 mo. av

A. Schulte,
Inc. (cigars)

NumNumThous. Number
ber of Thous. ber of Thous. ber of

stores of dolls.

$220

710
718
756
898
1,141
1,228
1,384

United Cigar
Stores Co.

6 232

6,266

2,439
2,572
2,980

5,211

2,547
2,537

5,829
5,934

2,633

6,661

5,992
9,187

5,610

2,611

2,656
2,690

3,017

_

\

1 Data on restaurant sales from Childs Co. and Waldorf System, Inc.; monthly data since 1920 are shown in the October, 1923, issue (No 26), pp. 58 and 59.
2 Tax collections on sales from U. S. Treasury Department, Bureau of Internal Pevenue. Under the Revenue act of 1926 taxes on these items have been either materially
changed or totally eliminated. No comparable data available for months since February, 1926.
34 Taxable at 10 per cent of selling price, excluding sales to Federal Government or political subdivisions. (Acts of 1918,1921, and 1924 identical on this item.)
Taxable at 5 per cent on selling price of both real and imitation jewelry. Acts of 1918 and 1921 were identical on this item; but the revenue act of 1924 exempts from
tax all articles not in excess of $30 and watches not in excess of $60, and therefore figures beginning August, 1924 (referring to July taxes), are not strictly comparable with
previous figures.
«In9ludes cabarets and concerts. The rate of tax under the act of 1921 (represented by data for 1922) is "1 cent for each 10 cents or fraction thereof of the amount paid
for admission," payable by the person paying such admission, except "where the amount paid for admission is 10 cents or less, no tax shall be paid." The act of 1918 provided for the same rate of taxation but allowed no exceptions and, hence, the data from January, 1922, forward, are not quite as comprehensive as the earlier data. The act
of 1924 provided for the same rate as the two preceding acts but exempted all admission charges of 50 cents or less. Thus the data beginning August, 1924, and referring
to July taxes, can not be compared with the preceding months, which are carried forward for their historical value. Monthly data from 1920 are given in January, 1923,
issue (No. 17), p. 51.
o New issues of bonds of indebtedness, including renewals taxable at 5 cents per $100 or fraction thereof; capital stock issues taxable at same rate, except where certificates
have no par value taxed at the rate of 5 cents per share, but if actual value is more than $100, 5 cents per $100 or fraction thereof, and where under $100 at the rate of 1 cent
per $20 or fraction thereof. (Under the revenue act of 1918 no-par issues were taxable at 5 cents per $100 or fraction thereof. Otherwise the acts of 1918,1921, and 1924 are
practically identical.) Conveyances evidencing the transfer of land or realty are taxable at 50 cents per $500 or fraction of the consideration therefor, exclusive of the value
of any lien or encumbrance on the property
7 All sales or agreements to sell capital stock are taxable at 2 cents per $100 share or fraction thereof, or where shares are without par value, at 2 cents per share. (Under
the revenue act of 1918 transfers of no-par stock with actual value in excess of $100 were taxed at 2 cents per share of $100 actual value or fraction thereof.)
8 Six months' average, July to December, inclusive.
o Data compiled from published reports in financial papers or reported directly by the company to the U. S. Department of Commerce, Bureau of the Census. These
sales data represent money values. Data for Jones Brothers Tea Co. from 1920 appeared in December, 1923, issue (No. 28), p. 56. Monthly data for Schulte Cigar Stores
from 1921 appeared in June, 1923, issue (No. 22), p. 49, while for the other chains, monthly sales from 1920 were given in May, 1922, issue (No. 9), p. 111. Yearly data represent number of stores in operation at end of the year indicated.




110

Table 90.—DEPARTMENT-STORE SALES
[Index numbers for base year in bold-faced type]
VALUE OF SALES, BY FEDERAL RESERVE DISTRICTS
YEAR AND MONTH

RichPhilaSan
CleveMinneAtlanta Chicago
Boston New York delphia
Dallas 2 Francisco
land
mond
apolis
(24 stores) (63 stores) (22
stores) (54 stores) (23 stores) (35 stores) (63 stores) (23 stores) 2 (21 stores) (31 stores)

Total
(359
stores)

100
116
114
119
127
126
128

100
119
114
116
127
132
138

100
118
112
114
127
126
129

100
128
114
114
130
128
131

100
113
106
101
111
117
124

100
119
101
94
104
101
106

100
123
110
114
132
133
142

100
112
102
99
105
104
107

100
120
99
92
98
102
109

100
121
116
121
139
143
149

100
120
110
111
124
125
131

108
92
127
128

110
89
125
123

107
101
133
115

101
96
136
128

87
76
120
104

83
78
105
101

104
96
129
132

88
74
103
111

81
73
99
89

115
102
134
124

101
90
124
119

May
June
July
August

133
136
90
99

130
130
86
90

123
133
82
93

138
137
96
112

115
113
80
80

109
102
77
81

136
138
96
120

109
105
79
96

106
92
67
69

147
128
116
136

128
126
89
100

September
October
November.
December. .

116
144
146
210

113
161
153
215

104
154
169
203

118
151
141
204

93
136
130
195

92
132
119
168

128
154
148
209

103
125
112
156

102
125
112
158

126
160
146
236

113
148
142
202

120
101
113
137

120
103
118
137

110
111
120
136

109
112
120
145

94
87
109
128

85
83
94
107

112
112
123
145

88
77
94
115

85
82
94
101

132
121
134
139

110
102
115
133

May
June
July
August

132
131
89
86

132
127
93
83

124
123
82
85

133
126
94
101

116
118
85
78

104
95
73
72

134
125
99
108

109
99
81
89

105
95
71
70

146
125
116
136

127
120
91
93

September
October
November
December

115
137
140
215

127
161
153
226

109
144
153
213

117
134
139
207

106
137
137
213

94
120
113
173

132
135
154
215

102
116
111
162

114
126
115
171

130
157
144
238

119
141
141
210

110
94
110
136

120
107
124
140

105
101
125
134

107
106
125
142

93
89
119
132

83
84
99
109

112
107
127
149

92
81
97
116

92
90
107
110

128
113
142
146

108
101
121
136

128
134
92
88

132
132
94
90

121
127
85
86

132
128
98
103

117
123
91
87

104
98
78
78

139
139
105
113

107
103
81
92

108
98
72
76

148
134
123
140

128
126
95
98

118
156
143
225

128
186
158
243

111
167
167
222

115
160
134
218

105
160
146
230

89
139
122
190

145
173
154
244

104
135
105
167

112
141
115
180

139
168
158
253

122
165
145
226

131
93
119
133

124
108
131
138

112
103
138
128

108
106
127
132

103
91
130
126

89
92
108
114

119
119
145
146

85
76
94
107

96
93
111
108

129
117
158
150

114
104
130
133

134
134

,139
137

137
129

137
129

129
123

114
104

158
146

102
92

116
104

152
142

137
130

1919
1920
1921
1922
1924
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average monthly average

1933

January
February
March
April

. __
_ __
_ __
..

.

1924

January
February
March
April..

_ _

.

'

1935

January
February
March
April
May...
June
July
\ugust

_

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

1936
_ .

. __

Sfipt.fvmbfir
October
November

Compiled by the Federal Reserve Board, Division of Research and Statistics. Index numbers are based upon dollar values and are given by Federal reserve districts.
 12 In
calculating bases, estimates are made for sales of stores in the Minneapolis and Dallas districts for the months of 1919 for which there are no reports.


Ill
Table 91.—DEPARTMENT-STORE STOCKS
[Index numbers for base year in bold-faced type]
VALUE OF STOCKS AT END OF MONTH, BY FEDERAL RESERVE DISTRICTS
YEAR AND MONTH

Total
San
RichClevePhilaDallas Francisco
Atlanta Chicago MinneBoston New York delphia
(314
apolis
mond
land
(24 stores) (63 stores) (13
stores) (52 stores) (19 stores) (22 stores) (51 stores) (22 stores) (14 stores) (29 stores) stores) 2

1919 monthly average __ _.
1920 monthly average
1921 monthly average
1922 monthly average _ __
1923 monthly average
1924 monthly average
1925 monthly average..

100
136
115
116
125
130
133

1OO
119
118
131
150
154
181

100

100

100
119
96
97
110
109
112

100

134
105
109
121
126
126

100
152
124
123
147
152
153

100

139
117
110
125
131
131

100
134
114
112
119
116
112

100

126
108
115
122
123
122

143
116
109
116
107
121

132
116
118
130
137
134

136
115
116
129
132
135

107
111
120
125

108
112
124
129

118
135
148
153

100
114
124
130

99
113
124
126

105
112
119
121

115
137
149
150

96
105
' 115
113

97
107
115
119

110
121
128
135

107
118
129
132

124
116
109
115

128
119
113
121

148
143
137
152

127
120
119
124

122
115
113
114

121
113
111
120

145
137
135
158

112
106
103
108

117
110
107
121

130
125
124
131

129
122
119
129

129
142
145
123

134
145
147
123

166
176
176
145

135
144
147
120

130
141
142
112

130
134
133
106

162
164.
171
140

115 121
121
104

128
131
130
109

138
143
147
123

139
146
149
123

111
115
128
128

117
119
130
136

132
152
162
162

110
126
137
141

104
121
140
134

109
123
125
124

128
145
163
162

97
106
114
112

107
118
126
125

125
131
143
148

116
127
139
141

126
119
116
113

131
122
115
120

152
146
141
144

138
128
120
123

130
122
113
116

121
113
109
109

154
145
142
149

113
106
102
106

120
114
110
122

141
134
132
131

136
127
123
126

125
135
141
120

133
146
147
125

160
171
172
151

136
146
145
120

128
143
145
117

118
126
123
96

158
170
168
141

115
121
122
99

129
133
132
105

140
147
148
124

137
147
148
124

112
115
126
127

118
123
135
139

147
167
185
186

112
125
137
140

109
118
131
132

99
107
113
114

137
145
156
157

99
106
117
116

103
113
125
126

123
126
136
140

119
127
139
141

125
112
113
114

134
128
120
124

179
174
164
179

136
129
120
126

124
123
119
118

114
108
103
113

153
145
140
149

115
109
106
111

123
114
111
124

134
128
129
133

136
129
124
131

125
132
140
119

140
148
153
131

195
210
213
176

137
141
145
123

135
138
147
120

121
124
126
102

158
168
175
148

120
122
124
101

134
135
135
111

140
147
148
124

143
149
154
129

110
113
124
125

126
128
142
143

167
183
201
201

112
125
137
134

113
120
128
131

111
112
122
125

143
153
160
159

96
101
110
110

109
118
128
130

127
132
141
145

125
132
143
143

123
117

138
131

184
177

133
126

132
126

116
110

152
147

106
99

123
113

140
132

138
131

100

1933
January
February
March
April
May
June
Julv j
August

.

-

-.

September
October
November
December
January
February
March
April

_.

1924
-

May _.__«.
June
July
- August
.

_

September
October
November
December

__ .

1935
January
February
March
April
.

_

May
June
July
August

September _.
October
November.
l December
|
1936
January
February
March
April
May
June
July.
August

. _

September
October
November
December
1

Data compiled by the Federal Reserve Board, Division of Research and Statistics, and are based upon values.

2
Weighted index based upon number of employees in retaihstores as shown by latest available census data. For details, see Federal Reserve Bulletin for February, 1923.



112

Table 92.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS
[Index numbers for base year in bold-faced type]

Cleveland

Richmond

Chicago

Kansas City

San Francisco

New York

Weighted index
7 districts

San Francisco

Kansas City

Minneapolis

DRUGS

Chicago

Atlanta

Richmond

Cleveland

Philadelphia

New York

YEAR AND
MONTH

Boston

Weighted index
11 districts

GROCERIES

100

100

10O

10O

10O

10O

10O

10O

100

96
106
118
126
118

112
112
126
119
124

87
89
100
103
106

86
90
100
97
102

99
92
98
96
103

92
86
94
104
104

112
115
132
144
147

|

,

INDEX NUMBERS RELATIVE TO 1919

100
113

1919 mo. av
1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

100

100

10O

10O

10O

100

1OO

100

100

10O

77
76
83
84
83

75
83
82
81

74
76
80
78
78

80
76
88
87
86

75
71
79
81
79

74
73
83
84
89

79
77
85
90
90

72
69
74
77
72

79
79
85
85
86

94
91
99
110
109

69
71
79
83
85

89
93
101
97
97

112
97
100
111
113
114

1923
September. _ _
October
November
December

89
98
92
76

82
96
90
76

81
100
96
78

91
104
98
84

84
96
87
73

90
97
90
83

89
98
92
82

80
83
79
64

96
90
89
71

111
119
112
88

103
99
86
70

113
116
112
80

115
129
111
99

125
149
110
103

125
132
123
118

101
112
104
87

101
111
100
88

95
104
97
93

102
117
100
86

145
161
147
120

1924
January
February __
March
4pril

80
77
80
79

71
67
75
75

78
71
77
72

81
80
84
80

*77
77
78
79

82
80
80
80

90
86
90
88

72
70
72
73

76
74
75
77

92
94
95
99

83
85
77
77

97
88
92
94

116
109
118
114

130
125
135
126

122
120
127
124

112
102
106
100

97
92
101
101

98
88
93
95

110
100
101
100

141
133
144
145

81
83
83
83

83
86
90
82

73
71
74
72

85
86
85
84

79
76
81
77

84
79
77
83

82
76
84
89

75
81
78
76

80
90
90
91

104
117
106
117

77
75
76
86

93
101
96
97

110
105
110
107

125
120
121
112

116
111
117
116

98
92
98
99

97
92
91
93

92
87
96
95

97
91
99
101

135
131
148
144

93
100
89
83

94
93
83
83

84
94
88
80

94
103
93
91

89
99
83
80

92
100
88
87

98
108
92
98

84
91
79
73

95
99
89
76

123
138
127
106

99
95
82
79

103
108
98
85

117
128
109
109

130
146
113
120

116
125
113
118

107
107
103
100

102
108
94
91

98
115
101
98

112
124
108
106

154
171
139
134

January
February
March
April

80
73
79
75

79
68
73
75

75
66
69
68

82
78
81
80

75
68
75
72

86
80
86
84

95
85
90
82

68
64
72
67

75
73
79
76

99
87
97
96

85
81
82
75

96
82
98
88

116
109
121
115

129
126
135
117

124
115
127
126

110
101
108
105

95
89
106
104

101
91
102
102

118
102
103
104

145
130
156
151

May
June _ ._
July
August

79
84
85
83

81
93
87
81

74
77
79
70

81
86
87
85

75
78
78
78

86
85
88
85

80
80
83
89

70
73
77
75

80
89
92
98

100
116
112
109

74
75
84
92

91
97
96
95

106
110
111
108

108
113
112
96

114
120
123
124

100
99
104
103

96
101
99
104

99
99
105
100

94
95
96
99

136
139
145
140

September
October
November
De^p.mbflr

92
99
91
83

84
88
82
81

83
97
92
82

90
96
92
88

89
95
83
81

94
99
94
95

99
105
91
96

81
86
75
69

95
97
91
80

127
141
125
100

106
96
85
82

103
116
108
88

120
133
110
111

113
151
110
107

134
136
119
130

116
116
105
103

111
116
99
100

109
120
103
105

114
119
99
102

162
170
149
143

78
71
81
79

70
63
76
74

77
66
77
71

77
74
82
80

69
67
75
73

73
70
77
75

101
92
104
93

61
60
70
72

76
71
82
82

93
84
97
100

86
83
84
84

94
85
97
100

111
110
133
123

107
125
153
142

126
117
146
139

118
105
116
104

95
91
113
106

91
90
107
96

106
102
110
98

155
137
166
155

80
86

76
85

73
77

87
97

72
80

74
77

86
85

74
82

85
100

101
106

80
86

97
104

111
116

121
130

126
128

99
99

97
103

96
97

97
97

139
141

May
June
July
August
September
October
NovemberDecember

1925

1926
January
February
March
April

May
June
July
August

_

September
October
November
December
1
Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollar sales reported for the various Federal reserve
districts, weighted by the number of persons employed in wholesale trade in each district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the
SURVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April. 1923.




113

Table 93.—WHOLESALE TRADE BY FEDERAL RESERVE DISTRICTS 1
[Index numbers for base year in bold-faced type]
HARDWARE

Cleveland

Richmond

Atlanta

Chicago

Minneapolis

San Francisco

10O

10O

100

86
89
101
83
91

62
54
58
56
58

75
66
65
58
58

66
66
71
58
62

60
58
61
51
52

67
64
59
47
37

62
66
69
56
70

78
76
80
66
70

96
113
111
82

112
121
104
98

76
81
63
51

117
121
93
71

63
69
57
45

70
81
60
48

86
88
62
48

68
78
67
37

64
73
50
46

70
72
57
61

94
87
76
62

63
69
72
79

97
103
107
106

104
104
115
107

49
49
65
69

79
60
94
95

50
45
70
73

36
49
61
81

49
57
64
65

44
48
57
55

41
37
51
57

46
50
53
55

53
66
76
68

141
143
150
144

75
75
71
74

102
90
93
98

111
103
94
97

56
52
44
56

77
69
68
83

50
52
46
54

70
67
43
43

62
42
37
67

45
37
34
53

42
42
37
46

51
47
39
56

74
66
54
69

106
109
93
93

166
152
151
144

87
96
88
93

108
109 .
98
116

105'
107
90
91

69
67
57
56

105
97
82
100

64
63
49
54

61
66
59
61

70
69
55
44

64
68
55
44

59
53
48
47

74
78
66
64

70
69
63
50

92
81
89
85

80
83
110
115

115
133
144
167

73
76
86
86

104
102
110
108

93
98
110
110

43
46
63
65

79
68
94
91

43
45
65
67

39
45
63
76

40
58
71
63

40
46
59
49

26
30
42
49

49
48
61
72

51
56
70
61

80
79
78
89

78
80
78
94

107
110
104
98

148
155
163
161

78
82
77
76

105
101
100
108

110
109
105
108

54
54
47
65

78
79
78
100

54
55
51
61

58
59
38
51

52
45
47
87

54
38
41
55

35
34
29
40

63
70
48
95

66
72
61
84

108
125
101
92

94
100
87
79

108
132
120
118

105
118
94
91

171
169
157
142

86
102
82
86

119
136
111
110

112
114
98
100

72
77
59
54

113
118
91
98

65
67
55
62

65
80
59
58

88
89
63
43

61
80
60
43

47
49
34
25

96
95
77
70

93
91
76
55

95
87
116
118

86
96
113
102

91
78
90
87

115
101
101
89

75
76
103
102

119
118
153
152

61
71
84
74

99
109
118
106

103
99
116
114

43
50
73
59

59
77
100
82

43
43
70
55

46
47
70
61

49
64
93
68

47
50
73
56

26
35
55
40

33
48
69
58

62
67
77
79

126
122

108
109

86
81

86
81

116
108

150
151

78
84

125
115

113
105

60
59

85
75

56
61

64
66

69
56

53
47

46
40

53
52

78
87

,

Boston

100

6

San Francisco

100

Minneapolis

100

Chicago

100

Atlanta

1=

Richmond

100

86
97
113
104
106

10O
88
68
65
68
58
58

|

Cleveland

YEAR AND
MONTH

Philadelphia

1

SHOES
Weighted index
8 districts

1

1

INDEX NUMBERS RELATIVE TO 1919
100
116
82
86
104
99
103

100

10O

100

100

100

100

100

100

100

78
84
100
96
98

97
100
113
115
115

92
94
111
102
104

82
78
100
94
88

66
69
84
79
96

86
91
103
100
101

78
78
148
143
152

74
76
81
77
83

80
81
101
102
110

1923
September
October
November
December

106
117
102
90

100
115
105
97

113
132
113
113

117
133
103
82

104
116
99
82

87
102
90
79

110
115
96
83

150
153
139
128

76
82
73
71

1924
January
February
March
April

91
90
104
108

84
86
107
108

104
100
119
124

94
98
106
109

111
95
93
98

89
77
72
72

84
86
106
117

114
107
145
158

May
June
July
August

104
96
93
93

105
92
88
83

123
115
111
111

107
97
98
95

91
78
83
93

73
69
64
76

108
102
99
93

September
October
November
December

106
110
98
99

95
107
95
97

115
134
114
123

111
114
98
93

108
95
88
85

89
101
88
96

1925
January
February
March
April

89
90
107
107

83
85
103
102

99
95
122
122

93
100
111
104

98
83
97
86

May
June
July
August

101
105
99
98

97
105
92
87

120
121
108
104

104
111
102
93

September
October
November
December

109
122
103
101

104
117
102
102

111
131
115
126

1926
January
February
March
April

86
87
106
103

75
77
96
103

108
105

103
102

1919 mo. av
1920 mo. av
1921 mo. av__l._
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

May
June
July
August

100

September
October
December
1
Compiled by the Federal Reserve Board, Division of Research and Statistics, representing combined indexes of dollar sales reported for the various Federal Reserve
districts, weighted by the number of persons employed in wholesale trade in each district in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the
SURVEY, p. 50. For details and methods of computation, see Federal Reserve Bulletin for April, 1923. •

433°--26



8 ,

114

Table 94.—WHOLESALE TRADE AND CREDIT CONDITIONS

|
1

av
av
av
av
av
av
av

100
55
56
65
67
76

100
115
83
83
95
91
91

Textile trade 2

Electrical trade 3

Prompt
Orders Indebtpayedness ments

Delinquent
Accounts

Percentage of total
recorded transactions

INDEX NUMBERS RELATIVE TO 1919

1919 mo.
1920 mo
1921 mo.
1922 mo.
1923 mo.
1924 mo.
1925 mo.

CREDIT CONDITIONS

10O

100

100

100

10O

100

100

100

85
83
98
95
105

84
84
99
80
77

75
72
87
76
69

70
70
79
76
80

80
84
94
89
87

90
91
99
107
120

86
85
98
102
90

90
98
109
101
93

100
112
73
74
83
82
84

28.3
23.0
24.6
26.9
28.8
28.9
25.5

34.1
36.2
36.6
43.3
42.6
42.6
41.2

60.7
59.4
53.4
47.6
55.3
55.0
53.9

Dollars

No. of
firms

s 225, 106
202, 557
201, 689
186, 770
193, 575

1,518
1,625
1,497
1,518
1,548

Hardware
trade *
M
o>

n
a-

Outstanding
accounts

San Francisco

Kansas City

Chicago

Atlanta

Richmond

Cleveland

New York

YEAR AND
MONTH

Weighted index
8 districts .

MEATS i

DRY GOODS i

INDEX OF WHOLESALE TRADE i

[Index numbers for base year in bold-faced type]

Rel. to Ratio
Jan., to sales
1921

122
157
139
143

2.2
2.0
2.0
1.9
1

1924
May
June
July
August

64
64
67
68

72
70
79
102

78
78
84
98

65
65
59
83

53
49
62
93

53
47
58
94

72
71
79
92

83
80
103
124

7868
94
164

92
83
94
123

77
76
78
83

26.0
25.5
25.0
33.0

43.9
42.1
41.4
39.3

55. 3
52.1
53.6
53.0

204, 935
197, 117
209, 834
196, 454

1,748
1,583
1,642
1,550

147
123
128
128

2.0
2.0
2.0
2.1

September
October
November
December

71
78
69
66

116
104
88
77

111
103
88
97

102
91
80
82

113
84
70
51

118
103
77
57

116
94
86
71

127
125
114
86

144
141
110
53

125
120
92
76

92
95
84
79

34.5
32.0
27.5
24.5

42.2
45.6
48.3
45.1

58.5
55.6
54.3
50.7

200, 250
167, 286
139, 814
160, 672

1,639
1,509
1,157
1,258

137
150
134
140

2. 1
1.9
2.1
1.9

1925
January
February __
March..
April

71
69
73
68

82
88
96
85

94
110
121
100

66
75
81 ,
73

70
70
73
59

63
71
89
73

80
77
85
83

113
111
114
111

81
101
88
73

83
77
91
85

79
76
83
79

25.5
32.0
33.5
28.0

39.1
38.8
42.5
46.3

51.4
52.0
53.9
58.0

198, 223
223, 649
231, 911
' 216,950

1,336
1,456
1,806
1,953

129
126
151
151

2.0
2.1
1.8
1.9

75
79
79
79

77
82
85
106

92
100
98
105

65
69
61
80

51
58
60
91

61
55
67
99

74
86
80
99

103
105
138
147

64
63
76
143

83
83
93
118

79
83
83
87

27.5
27.0
25.5
32.0

41.9
40.6
37.4
34.2

56.2
51.6
53.9
52.3

228, 726
209, 780
' 195, 347
153, 426

1,774
1,678
1,490
1,425

139
141
145
144

1.8
1.9
2.0
2.0

September. __
October
November
December

82
87
72
72

112
118
92
75

117
117
103
101

93
107
78
79

93
97
68
43

111
127
84
62

110
118
83
66

141
147
120
88

124
129
93
45

114
114
99
70

94
101
86
80

None.
31.5
24.5
19.0

38.7
44.4
46.7
43.7

51.8
,57.7
55.6
52.7

167, 076
184, 056
168, 732
184, 098

1,400
1,597
1,142
1,503

145
160
138
142

2.0
1.8
2.0
1.8

1926
January
February
March
April

79
75
75
76

79
86
93
77

94
104
109
86

60
72
77
67

67
71
68
58

74
80
91
78

66
70
83
70

117
116
124
101

71
97
79
69

79
75
99
87

78
76
85
81

24.0
29.9
30.8
24.6

39.1
39.1
41.4
45.0

56.0
51.9
43.3
43.2

159, 038
137, 517
222, 768
249, 618

1,339
1,552
1,897
1,881

141

1.9

80
80

78
77

87
84

68
66

. 56
50

72
63

75
72

106
115

68
76

82
85

82
84

24.4

45.0

42.6

207, 018
192, 591

1,702
1,538

May
June
July
August

May
June
July
August

._

__

September ..
October
_.
November
December
* Compiled by the Federal Reserve Board, Division of Research and Statistics, representing a combined index of dollar sales reported for the various Federal reserve districts, weighted by the number of persons employed in wholesale trade in each district in 1919. For details and methods of computation see Federal Reserve JBulletinfor
April, 1923. The combined index of wholesale trade is a weighted average based upon the total volume oi wholesale trade in lines separately shown on this and the preceding
pages, proportional to the total production of each line of goods in 1919. Monthly data from 1919 appeared in April, 1923, issue (No. 20) of the SURVEY, p. 50.
2
Orders, indebtedness, and prompt payments compiled by the Credit Clearing House from reports to it by manufacturers and wholesalers on items of credit from their
ledgers concerning merchants or jobbers to whom they sell. The commodities covered are largely textiles, and the individual orders are stated to average from $250 to $600,
depending on trade conditions. As one transaction may cover both an order and an indebtedness or payment, the sum of the percentages of orders, indebtedness, and
payments will usually exceed 100 per cent. Monthly data by geographic divisions for 1920 and 1921 appeared in May, 1922, issue (No. 9), pp. 131-133. and for 1922 in May,
1923,3 issue (No. 21), pp. 171-3.
Delinquent accounts, electrical trade, are compiled by the National Electrical Credit Association, from reports to its constituent regional associations by electrical manufacturers
and jobbers. Monthly data from 1921 appeared in May, 1924, issue (No. 33), p. 206.
4
Data on the value of sales by jobbers of hardware, compiled by American Iron, Steel, and Heavy Hardware Association, comprise reports from about 75 firms representing
about 10 per cent of the entire iron, steel, and hardware jobbing trade, including iron, steel, motor accessories, and heavy hardware. Outstanding accounts at the end of
each month are given as ratios of the current month's sales.
• Eleven months' average, February to December, inclusive.




115

Table 95.—DISTRIBUTION MOVEMENT
MAIL-ORDER HOUSE SALES 1
Total
YEAB AND
MONTH

3
4
houses houses

I
2
houses houses

POSTAL RECEIPTS

Sears, MontgomRoeery
buck Ward
& Co. & Co.

INDEXES
Eel. to Eel. to
1919
1913

1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av
monthly av
monthly av _
monthly av
monthly av
monthly av

100

186
203
264

1920
1921
1922
1923
1924
1925

monthly av...
monthly av___
monthly av._.
monthly av—
monthly av.__
monthly av...

103
72
79
99
105
118

1925
January
February.
March
April
May
June
July
August

September
October
November
December.

-

ForDomestic4 (50 principal cities) eign
«
Second 3
NewsMagaclass
Paid
Issued
50 inzine 0 paper 7
dus- (quarterly)
trial
NumValue NumValue
cities
ber
ber

Total 2

50 selected
cities

Thou- Thous. Thousands of dolls. sands

Thousands of dollars
$11, 275
11, 847
13, 498
17, 407
20, 982
22, 891

$7, 965

$3, 310

$2, 525

8,427
9,389

3,420

2,598
2,684
2,898
2,860
3,367

29,772

21,494

264
188
204
259
284
327

30, 233
37, 693
21, 970
26, 190
28, 695
22, 969
36, 098 • 29, 182
32, 074
38, 421

43,173

36, 871

21, 217
14, 834
15, 180
17, 962
18, 515
21, 529

108
105
119
117

308
299
318
322

39, 337
38, 418
43, 642
42, 717

34, 746
33, 756
35, 837
36, 275

22, 082
21, 033
19, 817
21, 747

12, 664
12, 723
16, 020

14,528

27, 271
25, 644
29, 085
29, 083

95
102
87
89

262
271
248
255

34, 605
37, 228
31, 884
32, 421

29, 529
30, 526
27, 916
28, 749

17, 469
16, 095
17, 073
16, 947

12, 060
14, 431
10, 843
11, 802

27, 455
26, 987
25, 707
25, 085

2, 873
2, 833

114
170
144
168

309
464
396
473

41, 523
62, 216
52, 786
61, 299

34, 846
52, 340
44, 618

15, 477
21, 965
18, 794
22, 789

28, 551
32, 489
29, 962
38, 656

3,002

53,311

19, 359
30, 375
25, 824
30, 522

100
105
120
154

1926
January
February _
March
April
May
June
July
August

$36, 569

12, 237
14, 856
16, 544

4,113
5,178

6,592
6,664
8,838
9, 192

6,330
7,706
11, 220
13, 560
15, 341

ADVERTISING

POSTAL MONEY ORDERS

$13, 543
14, 611
17, 066
18, 380
20, 688
20, 759 8 $2, 157
22, 901 2,333
25, 085 2,593
26, 335
2,809
28, 831 3,608

1,315
1, 470
1,610
1,711
1,895

$11, 467
12, 702
14, 657
17, 837
21, 713

4,464
3,667
3,230

5,051

6,313 $34, 812
7,248 40, 592
7,149 44, 863
6,784 50, 587
7, 773 65, 356

3,030

5, 914

8,098

2,059

2,305

8,211

25, 017
23, 351
24, 544
28, 005
29, 831
31, 094

2,390

4,898

1,877

6,851
7, 233

7,386
7,664

2, 856

7,917

3,108

7,457

2,888
2,794
7,063

3, 352

2,970
4,126

116
111
130
121

336
322
357
344

42, 401
40, 588
47, 508
44, 091

37, 858
36, 268
40, 262
38, 841

22, 591
21, 423
21, 996
22, 998

15, 267
14, 845
18, 266
15, 843

29, 116
28, 088
33, 454
30, 851

3,525
3,234

105
107

299
309

38, 436
39, 248

33, 724

34,887

19, 339
18, 275

14, 385
16, 612

28, 547
28, 719

2,985
2,952

Thousands of
agate lines
1,224
1,161
1,147
1,415
1,490
1, 344
1,890

2,979
3,035

Thousands of
dollars

8,219

3,193
3,172

$8, 526
6,781

10, 391
10, 797
11, 161

72, 432
64, 827
68, 462
78, 913
84, 515
81, 287

11, 188
10, 533
12, 909
12, 031

61, 179
74, 014
91, 845
87, 883

3,127

2,960
3,605
3,234

30, 563
28, 683
33, 512
31, 097

10, 486
11, 933

9,763
9,233

78, 573
80, 682
74, 469
58, 250

3,014
3,127
2,861
2,771

9,716
12, 008
10, 916
13, 221

79, 336
99, 240
88, 548
101, 440

2,801
3,154

10, 607

11,411

78, 898
74, 312
94, 968
87, 948

10, 634
11, 276

83, 359
87, 257

9,409

9,905
8,533

12, 543

2,107

2,340
2, 684
2,981
3,105

3,151

3,531

1,480
1,573
1,953

4,306
4,669

2,034
2,094

3,646

1,537
1,975

2,282

3, 956

4,704

61, 440
62, 671
61, 067
83, 859
95, 832
86, 661
91, 131
97, 402
96, 469
101, 777

101, 733
85, 902
106, 284
107, 835

3,816

2,222
2,443

30, 230
30, 840
29, 361
29, 075

3, 859
4, 444

2,392 109, 030
2,232 89, 237

3,998

1,675
1,489

82, 044
85, 660

29, 456
33, 041
32, 016
35, 252

4,036
4,463
5,657

1,979
2,421

2,506

99, 427
119, 754
117, 231

9,019

2,251

110,410

4,223
4,408
5,424
4,620

1, 778
2,145

3,218

31, 189
30, 481
35, 411
32, 687

92, 797
91, 497
113, 772
114, 878

3,109
3,214

32, 650
33, 289

4,571

3,065
3,546
3,088
2,990
3,539

4,431

2,372
2,620
2,571
2,419
1,833

117, 035
98, 820

September
October
November
December
* Sales of four principal mail-order houses compiled by Federal Reserve Board and include Sears, Roebuck & Co., Montgomery Ward & Co., National Cloak & Suit Co.,
Larkin
& Co. Data on two chief houses, extending back to 1913, total the sales of Sears, Roebuck & Co. and Montgomery Ward & Co.
2
Data from U. S. Post Office Department, comprising receipts for transporting all classes of mail. The 50 selected cities cover the largest cities in the country, the industrial cities comprising the 50 next largest. The war revenue act of Oct. 3, 1917, provided for an increase in the rate for first-class letter mail from 2 cents per ounce or
fraction thereof prior to Nov. 1, 1917, to 3 cents per ounce or fraction thereof, from Nbv. 1,1917, to July 1,1919, and an increase of the rate on postal and post cards from 1
cent to 2 cents each during the same period. Since July 1, 1919, the old rates on first-class mail have been restored. Under this act a stamp tax of 1 cent for each 25 cents
postage charge or fraction thereof is collectible on parcel-post matter. Effective April 15,1925, the new postal rates applicable almost entirely to matter other than first class
have3 operated to increase the magnitude of these data, thereby affecting their comparability from this point forward.
Note that these data from U. S. Post Office Department represent quarters ending in the months specified and the annual figures represent quarterly averages for each
year, not monthly averages. Second-class mail comprises regular mailings of periodicals. The war revenue act of Oct. 3,1917, provided for a series of graduated annual rate
increasesl on second-class mail as follows, compared with a flat rate of 1 cent per pound previous to July 1,1918. From July 1,1918, to June 30,1919, lM cents, and since July
1, 1919, \ /2 cents per pound, these changes applying regardless of zone or distance, to portions of publications devoted to reading matter. For the advertised portions the
country was divided into eight zones, each with a graduated rate and its corresponding annual increase, beginning with July 1, 1918, and reaching the maximum on July
1,1921,
making, for the first time, a differentiation between the rates on reading and advertising matter.
4
Total of 50 cities transacting two-thirds of the total money-order business of the country, from the U. S. Post Office Department. Money orders paid include, in addition to those both issued and payable in the 50 cities, those presented for payment but issued at any of the other offices in the United States and the 22 foreign countries,
mostly
in North America and West Indies, to which domestic postage rates apply.
6
Money orders issued to 67 principal foreign countries, representing practically the total international money orders issued by U. S. Post Office Department.
6
These figures represent the number of lines of advertising carried by the 60 leading magazines dated for the month noted, as compiled by Printer's Ink, classified as
follows:
20 general, 15 womens', 16 class, and 9 weeklies.
7
Compiled by the New York Evening Post from 22 identical cities: New York, Chicago, Philadelphia, Detroit, Cleveland, St. Louis, Boston, Baltimore, Los Angeles,
Buffalo, San Francisco, Milwaukee, Washington, Cincinnati, New Orleans, Minneapolis, Indianapolis, Columbus, Louisville, St. Paul, Birmingham, and Houston. For
the years 1916 to 1918 no reports were available for Boston, Louisville, Houston, and Columbus. The totals for those years were computed from the actual reports of the
18 other
cities, allowing 13.85 per cent of the total to the four missing cities, the average ratio of those cities to the total in the subsequent years.
8
Six months' average, July to December, inclusive.




116

Table 96.—LIFE INSURANCE—NEW BUSINESS AND PREMIUMS
(Association of Life Insurance Presidents)
PREMIUM COLLECTIONS

NEW BUSINESS
Ordinary

YEAR AND MONTH

Number Thousands of
of
policies dollars

Industrial

(new and renewal)

Ordinary

Total

Group

dum- Number ThouNumber Number
Number Thou- ber
of
of
of policies
sands of of policies
sands of conof
certifiand
and cerpolicies dollars tracts cates 2 dollars contracts
tificates

Thousands of
dollars

Indus- Group
trial

Total

Thousands of dollars

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

79, 514
78, 779
83,909
96,311
110, 448
111,640
180, 261

141, 450
138, 225
146, 792
181,418
210, 087
219, 300
382, 644

379,819
410, 189
428, 559
414, 605
414, 443
433, 226
465, 248

51, 909
55, 217
58, 128
58, 645
61, 484
66,099
77, 901

5
6
11
32
81
70
164

2,500
4,090
6,542
11, 739
25, 760
26, 266
39, 720

1,736
3,790
3,927
6,560
14, 861
20, 555
35, 465

459, 338
488, 974
512, 479
510, 948
524, 972
544, 936
645, 674

461, 833
493, 059
519, Oil
522, 655
550, 650
571, 133
685, 229

195, 095
197, 231
208, 847
246, 623
286, 433
305, 953
496, 010

38, 953
40, 506
42, 262
45, 721
50, 485
54,579
64,348

10, 778
11, 580
12, 421
13,280
14, 440
15, 807
18, 088

36
52
97
143
308
536
991

49, 767
52, 138
54, 780
59, 144
65, 233
70, 922
83,427

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

205, 276
163, 313
166, 781
195, 841
196, 841
214, 168

464, 189
381, 688
419, 585
502, 495
532, 347
616, 551

499, 938
550, 065
582, 102
662, 259
703, 769
804, 380

93, 044
104, 813
118, 233
143, 338
163, 630
196, 598

190
58
96
158
132
165

38, 491
10, 299
21, 345
34,847
29, 916
45, 533

35, 478
9,257
22, 885
43, 337
49, 814
83, 232

705, 404
713, 437
748, 979
858, 257
900,741
1, 018, 713

743, 705
723, 678
770, 229
892, 946
930, 525
1, 064, 080

592, 711
495, 758
560, 703
689, 170
745,790
896, 381

75, 462
81, 424
89, 242
99, 631
110, 287
125, 119

20,342
22, 587
25, 751
30, 057
34, 178
39, 119

1,498
1,545
1,621
2,092
2,618
4,625

97, 302
105, 556
116, 614
131, 779
147, 083
168, 863

180, 768
183,264
232, 241
211, 507

497, 082
491, 125
618, 612
566, 037

766, 821
649, 135
693, 674
705, 346

179, 656
143, 762
156, 792
158, 557

102
89
121
112

16, 395
10, 639
21, 484
24, 732

19,082
15,411
35, 034
44, 217

947, 691
832, 488
926, 036
916, 965

963, 984
843, 038
947, 399
941, 585

695, 820
650, 298
810, 438
768, 811

106, 045
108, 162
111,422
113, 205

29, 867
30,200
32, 814
29, 235

2,734
2,570
1,684
2,545

138, 646
140, 932
145, 920
144, 985

221, 594
203, 526
186, 803
172, 499

586, 470
559, 867
528, 048
472, 570

760, 648
674, 481
595, 545
609, 703

173, 629
154, 495
135, 015
141, 525

111
99
114
71

19, 991
13, 202
17, 873
14, 814

34, 986
21, 490
31, 338
22, 931

982, 353
878, 106
782, 462
782, 273

1, 002, 233
891, 209
800, 221
797, 016

795, 085
735, 852
694, 401
637, 026

114, 686
107, 888
113,019
99", 417

32,963
32, 744
30, 758
32, 530

2,435
2,281
2,879
2,339

150, 084
142, 913
146, 656
134, 286

September
_ _
October
November
December _ _ _ _ _

157, 705
180, 091
214, 569
217, 519

424, 701
491, 219
514, 706
637, 727

614, 848
830, 831
641, 128
903, 065

145, 052
198, 461
150, 718
225 892

75
87
131
473

13, 896
70, 769
25, 770
109, 429

19,354
131, 101
38, 623
184, 198

772, 628
1, Oil, 009
855, 828
1, 121, 057

786, 449
1, 081, 691
881, 467
1, 230, 013

589, 107
820, 781
704, 047
1, 047, 817

95, 049
109, 188
103, 731
141, 633

33, 811
33, 405
32,190
59, 616

2,148
3,025
2,593
4,186

131, 008
145, 617
138, 515
205, 434

1925
January
February
March
April

176, 993
184, 724
217, 859
214, 244

523, 654
548, 529
654, 771
638,206

618, 425
732, 120
809, 517
803, 384

147, 441
177, 666
193, 604
196, 895

178
114
129
143

47, 462
22, 764
26, 991
37, 244

68, 957
36, 696
40, 797
66, 415

795, 596
916, 958
1, 027, 505
1, 017, 771

842, 880
939, 608
1, 054, 367
1, 054, 872

740, 052
762, 891
889, 172
901, 516

116, 835
116, 975
128, 544
128, 710

36, 550
32, 901
37, 022
33,829

4,171
3,125
9,173
5,124

157, 556
153,000
174, 738
167, 663

May
June
July
August

238, 253
218, 157
213, 216
208, 631

698, 706
638, 195
638, 833
607, 621

882, 325
788, 352
734, 531
717, 402

217, 735
198, 113
182, 991
181, 048

143
160
121
118

23, 174
32, 202
27, 762
68, 887

39,041
47, 565
54, 947
126, 885

1, 120, 721
1, 006, 669
947, 868
926, 151

1, 143, 752
1, 038, 711
975, 509
994, 920

955, 482
883,873
876, 771
915, 554

127, 080
121, 806
125, 554
109, 737

36, 573
37, 977
36, 665
37, 808

3,586
3,263
3,375
3,682

167, 240
163, 046
165, 593
151, 227

September
October
November
December

186, 175
222, 764
218, 240
270, 754

691, 227
525, 532
616, 725 1, 199, 183
851, 209
586, 877
824, 881
720,965

175, 114
256, 704
207, 980
223, 883

107
114
172
485

20, 033
38, 109
26, 476
175, 287

37,788
54,433
111, 066
314, 194

877, 509
1, 422, 061
1, 069, 621
1, 096, 120

897, 435
1, 460, 056
1, 095, 925
1, 270, 922

738, 434
927, 862
905,923
1, 259, 042

107, 367
130, 045
130, 910
157, 858

37, 057
38,951
39, 074
65, 018

3,124
4,841
4,940
7,100

147, 548
173, 837
174, 934
229, 976

1936
January
February
March
_April

184, 846
192, 677
239, 720
227, 169

560, 289
597, 429
724, 454
675, 296

817, 246
653, 943
844, 659
787, 138

227, 158
174, 782
230,203
215, 504

200
152
190
163

40, 794
52, 250
44, 257
60, 919

56, 280
83, 088
72, 368
80, 663

1, 002, 292
846, 772
1, 084, 569
1, 014, 470

1, 042, 886
898, 870
1, 128, 636
1, 075, 226

843, 727
855, 299
1, 027, 025
971, 463

124, 695
123, 456
142, 143
139, 123

41,247
37, 801
43, 344
40, 763

5,007
8,107
4,814
3,240

170, 949
169, 364
190, 301
183, 126

236, 209
237, 020

702, 309 •
704, 852

859,630
743, 137

235, 207
209, 430

195
167

39, 815
43, 710

56, 458
69, 282

1, 096, 034
980, 324

1, 135, 654
1, 023, 867

993, 974
983,564

131, 553
132, 268

40, 299
43, 747

4,251
4,206

176, 103
180, 221

1934
January
February
March
April
May
June
July
August

- -

--- - -

- - -

May
June
July

- -

- -

_-

September
December
1 Compiled by the Association of Life Insurance Presidents. The data on new business represents only new business that has been paid for, exclusive of revivals, increases
and dividend additions. Premium collections show the amount of money actually invested in life insurance each month, and include total premium collections, new and
renewal, and considerations for annuities and for supplementary contracts involving and not involving life contingencies. The 45 companies whose figures are included
in this table had in force 81 per cent of the total legal reserve life insurance outstanding in the United States as of Dec. 31,1923. Complete monthly data from 1922 were
given
in September, 1924, issue (No. 37), p. 37. Data given in previous issues cover a smaller number of companies.
2
This column, by adding together the number of policies issued for ordinary and industrial insurance and the number of certificates issued under group insurance contracts, indicates the trend in number of persons covered by new insurance, but does not show the exact number of persons covered, since one person may have several policies
of ordinary insurance and in addition hold a certificate under a group contract.




117
Table 97.—LIFE INSURANCE—ASSETS AND SALES BY DISTRICTS
ADMITTED ASSETS (41 companies) 1
(Association of Life Insurance Presidents)

YEAR AND
MONTH

Grand
total

SALES, ORDINARY INSURANCE (81 companies) *
(Life Insurance Sales Research Bureau)

Mortgage loans Bonds and stocks (book values) Policy
loans
and
preGovPublic
RailernTotal
utilimium
Farm
Total
road
ment
ties
notes

United
States,
total

Eastern
manufacturing

Millions of dollars

Southern

Far
western

CANADIAN
SALES 3

$928
995
1,070

$425, 092
459, 292
549, 296
584, 871
672, 286

$154, 321
174, 242
208, 526
233, 584
267, 430

$90, 152
98, 380
121, 194
127, 321
144, 071

$81, 074
78, 899
90, 912
91, 008
107, 277

$57, 145
61, 645
72, 403
72, 954
85, 645

$42, 400
46, 126
56, 261
60,005
68, 199

$30, 847
28, 421
30, 487
32, 597
35, 406

312
327
333
345

960
966
972
981

538, 601
546, 521
667, 577
662, 591

238, 057
226, 893
275, 970
274, 522

113, 109
120, 674
148, 620
142, 996

75, 689
80, 796
96, 836
98, 652

60, 148
62, 891
81, 871
81, 478

51, 598
55, 267
64, 280
64, 943

30, 673
30, ?04
34, 388
32, 603

1,833
1,845
1,855
1,869

354
360
370
376

987
996
1,004
1,007

638, 768
515, 271
591, 346
508, 389

252, 343
208, 688
232, 179
189, 574

139, 517
113, 596
125, 260
112, 012

99, 914
73, 178
97, 648
82, 024

78, 975
72, 375
73, 245
68, 203

68,019
47, 434
64, 014
56, 576

33, 368
34, 295
33, 205
27, 983

1,092
1,085
1,085
1,086

1,883
1,899
1,909
1,915

381
388
405
430

1,012
1,017
1,018
1,020

487, 944
572, 184
545, 152
744, 111

180, 485
224, 325
218, 834
281, 134

106, 181
124, 841
115, 577
165, 469

84, 217
93, 489
88, 871
120, 784

62, 616
69, 226
65, 490
98, 928

54, 445
60, 303
56, 380
77, 796

30, 029
32, 438
34, 357
37, 120

3,547
3,561
3, 583
3,595

1,082
1,078
1,067
1,061

1,922
1,927
1,939
1,946

441
454
474
486

1,027
1,032
1,039
1,048

559, 916
611, 480
702, 994
716, 078

238, 217
259, 837
284, 997
293, 452

120, 740
131, 410
152, 821
149, 330

81, 576
92, 432
111, 129
116, 079

62, 662
72, 367
85,011
88, 054

56, 721
55, 435
66, 036
69, 163

30, 838
28, 698
35, 001
35, 872

1,492
1,500
1,507
1,510

3,624
3,647
3,666
3,680

1,055
1,048
1,038
1,040

1,960
1,"974
1,983
1,989

506
521
538
545

1,057
1,066
1,075
1,083

737, 515
694,577
692, 492
651, 110

298, 032
268, 911
288, 312
250, 691

154, 941
148, 939
144, 296
140, 368

117, 751
116, 109
107, 665
105, 099

94, 436
90, 515
82, 901
83, 514

72, 355
70, 093
69, 318
71,438

34, 377
42, 307
37, 671
31, 724

3,707
3,750
3,796
3,864

1,513
1,515
1,518
1,523

3,694
3,713
3,751
3,779

1,041
1,035
1,048
1,045

2,001
2,005
2,015
2,034

547
567
580
588

1,092
1,099
1,103
1,113

590, 771
668, 794
637, 023
804, 684

219, 426
258, 615
252, 514
296, 151

127, 582
148, 401
136, 517
173, 510

98, 954
107, 380
99, 155
133, 997

80, 030
86,527
81, 492
- 116, 231

64, 779
67, 871
67, 345
84, 795

33, 543
36, 259
36, 760
41, 822

9,481
9,546
9,630
9,717

3,918
3,961
4,016
4,073

1,527
.1, 533
1,543
1,552

3,807
3,811
3,825
3,846

1,043
1,026
1,007
996

2,046
2,057
2,074
2,091

607
620
636
650

1,122
1,129
1,141
1,152

572, 639
640, 775
790, 669
743, 635

241, 508
266, 359
314, 969
301, 053

121, 408
140, 076
177, 861
156, 590

85,239
96, 704
121, 290
119, 914

68, 874
78, 835
97, 904
94, 649

55, 610
58, 801
78, 645
71, 629

33,907
34, 744
40, 483
37, 346

9,800

4,121

1,560

3,865

979

2,104

672

1,163

735, 724
749, 567

299, 463
289, 847

152,382
162, 750

116, 090
124, 381

93, 816
96, 540

73, 973
76,049

37, 703

$7, 409
8,091
8,944

$2, 694
3,138
3,607

$1,261
1, 405
1,496

$3, 327
3,428
3,653

$1, 219
1,119
1,053

$1, 750
1,849
1, 975

$281
365
521

1924
January.. ._
February
March
April

7,772
7,823
7,877
7,936

2,941
2,975
3,009
3,049

1,346
1,357
1,370
1,382

3,363
3,376
3,378
3,388

1,180
1,172
1,155
1,138

1,783
1,787
1,800
1,813

May
June
July.. _
August

7,994
8,046
8,115
8,164

3,084
3,120
3,162
3,195

1,394
1,396
1,416
1,425

3,403
4,413
3,424
3,440

1,124
1,111
1,103
1,098

September
October
November
December

8,231
8,297
8,359
8,476

3,227
3,263
3,298
3, 338

1,433
1,439
1,444
1,452

3,453
3,469
3,496
3,534

1925
January
February
March...
April

8,549
8,606
8,673
8,755

3,377
3,410
3,449
3,496

1, 456
1,460
1,474
1,483

May
June
July
August .

8,825
8,892
8,974
9,039

3,542
3,586
3,633
3, 671

September
October
November
December

9,121
9,209
9,292
9,394

1926
January..
February
March, _
April

September
October
November
December

Western
agricultural

Thousands of dollars

1921mo.av.__
1922 mo. av
1923mo.av-_.
1924mo.av.__
1925 mo. av...

May
__
June July
August
__

Western
manufacturing

_

1
1

Compiled by the Association of Life Insurance Presidents from special reports of 41 companies having 82 per cent of the total admitted life insurance assets of United
States legal reserve companies; the data are given as of the end of each month and are designed to show the fluctuations in the character of investments of life insurance
companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the companies; in addition to the items separately listed,
the total also includes real estate, collateral loans, cash, bills receivable, interest due and accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately
98H per cent are bonds and iy% per cent are stocks.
2
Represents data on ordinary life insurance only (thus excluding industrial and group insurance) compiled by the Life Insurance Sales Research Bureau from 81 insur«
ance companies who held on Jan. 1,1923, 88 per cent of the total ordinary legal life reserve in force in the United States. Monthly data for 1921 were given in the April,
1924, issue (No. 32), p. 56. The Eastern Manufacturing district includes Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New
Jersey, and Pennsylvania; Western Manufacturing district—Ohio, Indiana, Illinois, Michigan, and Wisconsin; Western Agricultural district—Minnesota, Iowa, Missouri,
North Dakota, and Texas; Southern district—Maryland, District of Columbia, Virginia, West Virginia, North Carolina, South Carolina, Georgia, Florida, Kentucky, Tennessee,
Alabama, and Mississippi; Far Western district—Montana, Idaho, Wyoming, Colorado, New Mexico, Arizona, Utah, Nevada, Washington, Oregon, and California.
3
Compiled by the Life Insurance Sales Research Bureau for reports of companies which had on January 1,1923,83 per cent of the legal reserve ordinary business in force
in Canada. Details by Provinces are given in the bureau's monthly reports.




118

Table 98.—PUBLIC FINANCE
U.S.
GOVERNMENT
DEBT i

Total
interest Gross
bearing debt

YEAR AND
MONTH

U.S.

GOVERNMENT
FINANCES 2

Thousands of dollars

$7, 650
18, 551
2,619
12, 999
30, 990
3,422
30, 682

148, 050
155, 083
157, 830
133, 597
112, 495
86, 472
71, 093

540, 174
461, 517
316, 275
308, 123
292, 223
294, 137
298, 749

5,332
4,843
4,374
4,729
4,755
4,736
4, 835

50. 11
44.80
39.86
42.50
42.20
41.51
41.85

35, 729
57, 604
22, 931
26, 893
26, 643
10, 690

26, 841
1,991
3,073
2,387
5, 137
21, 887

62, 377
80, 183
86, 314
84, 044
90, 234
87, 693

390
323
738
792

408, 797
320, 307
233, 758
345, 879

4,806
4,880
4,994
4,993

42.52
43.12
44.08
44.03

6,656
19, 702
19, 862
10, 274

4,580
4,125
6,689
39, 675

600
632
738
641

292, 457
161, 286
385, 129
324, 679

4,752
4,804
4,776
4,725

41.86
42.28
41.99
41.50

5,038
3,603
7,337
8,870

42,004
44, 544
45, 156
49, 114

166, 834
614, 992
194, 945
219, 915

234, 116
418, 349
245, 593
214, 208

4,774
4,736
4,720
4,784

41.89
41.51
41.31
41.84

6,186
6,184
6,182
6,033

51, 017
52, 835
48, 276
46, 223

512, 072
202, 245
184, 931
602, 575

330, 851
323, 432
236, 034
433, 968

4,827
4,901
4,972
5,008

20, 283
20, 276
20, 083
20, 069

6,070
6,066
5,369
5,363

46, 399
47, 615
54, 891
47,936

186, 283
179, 296
657,621
194, 713

232, 847
151, 877
466, 240
336, 867

20, 063
19, 643

5,359
4,944

42, 707
47, 261

183, 520
651, 639

250, 869
362, 203

$26, 512
24, 344
17, 439
17, 636
18, 832
15, 000
15, 371

1920
1921
1922
1923
1924
1925
1926

24, 061
23, 737
22, 711
22, 008
20, 982
20, 211
19, 384

24, 298
23, 976
22, 964
22, 350
21, 251
20, 516
19, 643

7,843
7,618
6, 746
5,743
8,072
6,254
4,944

26, 909
25, 714
29, 704
46, 827
45, 470
45, 630
48,286

557, 880
468, 744
342, 425
333, 928
334, 337
315, 012
330, 813

1924
September
October
November
December

20, 983
20, 978
20,951
20, 712

21, 254
21, 242
21, 213
20, 979

8,073
8,069
8,041
7,046

49, 759
49, 890
40, Oil
40, 129

487,
255,
174,
570,

1935
January.
February
March
April

20, 789
20, 658
20,608
20,605

21, 057
20, 981
20, 932
20, 913

7,122
6,992
6, 651
6,649

46, 968
46, 190
53, 858
44, 642

171,
173,
600,
182,

May
June
July
August

20, 603
20, 211
20,199
20, 166

20, 899
20, 516
20, 488
20,447

6,646
6,254
6,241
6,208

September
October
November . _
December

20, 143
20, 141
20, 139
19, 983

20, 418
20, 407
20, 401
20, 248

1926
January
February
March
April

20, 020
20, 015
19, 814
19, 808
19, 803
19, 384

_ _ _

ProExImducports 4 ports 4 tion
7
Thousands of
dollars

Fine ounces

$5, 309
4,782
37, 663
57, 166
46, 038
5,170
6,378

$1, 193
1,188
1,191
1,225
2,976
12, 244
25, 482 $8, 047

May. _
June
July

Thousands of
dollars

Domestic
Rand 6
receipts output
at mint *

$34. 56
34. 35
32.38
35. 06
36.96
40.96
45.18

$996
968
970
972
2,713
11, 986
25, 234

_.

Millions
of
Dollars
dollars

Exports1

SILVER

$3, 364
3,402
3,261
3,591
3,849
4,336
4,795

$60, 315 $60, 474
61, 282
61, 195
57, 972
63, 353
61, 250
65, 003
94, 037
165, 025
305, 382 1, 058, 153
429, 355 1, 543, 575

1913 mo. av
1914mo. av
1915 mo. av
1916 mo. av
1917 mo. av
1918 mo. av
1919 mo. av
av
av
av
av
av
av
av

GOLD

OrdiTotal
Short- CusexPer
Imtoms ordinary nary
term
pen
di- Total capita ports 4
debt receipts receipts tures

Millions of dollars

mo.
mo.
mo.
mo.
mo.
mo.
mo.

MONEY
IN CIRCULATION 3

732, 779
698, 275
757,823
772, 128
751, 855
701,722
694, 174

Price
in
New
York e

Thous. Dolls,
of fine per fine
ounces ounce

$2, 989
2,163
2,874
2,689
4,445
5,948
7,451

$5, 231
4,300
1,467
5,883
7,011
21,071
19, 918

801
216
009
088
803
975

7, 338
5,270
5,901
6, 204
6,162
5,383

9,468
4,298
5,234
6,039
9,158
8,261

4,714
4,477
4,623
5,445
5,352
5,115

1.009
.627
.675
.649
.668
.691

106, 919
127, 184
106, 488
90, 816

799, 422
827, 583
802, 313
825, 273

7,083
5,829
6,481
5,864

10, 345
9,465
9,401
11, 280

5,523
5,631
5,624
5,674

.694
.708
.693
.681

73, 526
50,600
25, 104
21, 604

87, 030
80, 294
75, 584
83, 488

823, 692
753, 925
825, 479
787, 519

7,339
4,929
6,661
4,945

11, 385
6,833
7,917
9,323

5,509
5,077
4,931
5,538

.684
.685
.678
.669

11, 393
4,426
10,. 204
4,862

13,390
6,712
4,416
2,136

70,438
71, 652
92, 830
87,490

813, 249
780, 251
818, 202
808, 218

3,390
4,919
5,238
7,273

6,536
8,522
8,349
8,285

5,225
5,481
5,365
4,934

.676
.691
.694
.702

42.17
42.77
43.35
43.62

4,128
50, 741
10, 456
7,216

6,784
28, 039
24, 360
5,968

78, 329
128,030
102, 641
94, 504

797, 247
812, 832
787, 633
791,455

4, 504
5,602
4,049
5,747

7,487
8,783
8,118
7,589

4,845
4,644
4,898
4,931

.716
.711
.692
.689

4,740
4,814
4,806
4,854

41.24
41.84
41.73
42.11

19, 351
25, 416
43, 413
13, 116

3,087
3,851
4,225
17, 884

86, 054
74, 044
58, 229
75, 336

796, 270
753, 924
834, 340
803,000

5,763
8,863
8,539
6,322

9,763
7,752
8,333
7,612

5,162
5,043
5,171
4,954

.678
.668
.659
.644

4,871
4,835

42.21
41.85

2,935
18,890

9,343
3,346

69, 699
68, 261

849,000
852, 000

4,872
5,628

7, 931
7,978

5,066
5,446

.651
.655

679,
676,
585,
761,
799,
799,

5, 567 $0. 598
6, 038 .548
6,247 .497
6,201 .657
5,978 .814
5,651 .968
4,723 1.111

'\UgUSt

September _ _
October
November
December
i Yearly figures, giving situation as of June 30 each year, and monthly figures up to last two months, are on a warrant basis, as supplied by U. S. Treasury Department. The last two months are on a cash basis as shown in the preliminary Public Debt Statement. Short-term debt includes issues maturing within five years from the
particular date noted; a large increase in a particular month, such as in September, 1923, is usually due not so much to an increase in indebtedness (absence of increase in
the gross debt would show this), but that the maturity date of a certain bond issue has been brought within fiye years. The increase in September, 1923, was due to the
Third Liberty Loan being brought into this category. At present, besides the Third Liberty Loan, there are included in the short-term debt the following: Loan and tax
certificates of indebtedness, Treasury sayings securities, and Treasury notes. Debt on which interest has ceased and interest-beairng debt redeemable at the pleasure of
the Government but not maturing within five years are not included in this statement. Monthly data extending back to 1921 may be found in the March, 1924, issue
(No. 31), p. 56.
a Yearly figures are averages for the fiscal year ending June 30 of the year indicated. Monthly figures are taken from the Daily Statement of the U. S. Treasury, in which
further details inay be found. The large increase in total receipts every three months is due to payment of income-tax instalments. Expenditures represent those chargeable3 against ordinary receipts.
Represents money held outside the Treasury and Federal Reserve System. Prior to July 1,1922, these data were compiled by the Federal Reserve Board and thereafter
by the U. S. Treasury Department. Yearly figures are as of June 30.
* Imports and exports of gold and silver from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce.
* Domestic receipts of unrefined gold at U. S. mints from U. S. Treasury Department, Bureau of the Mint.
« Silver prices, representing daily averages for the month in the New York market and gold output from the Rand mines from the Engineering and Mining Journal.
7 Production of silver by mines of the United States from American Bureau of Metal Statistics, except annual figures previous to 1921, which are from U. S. Department
cf Interior, Geological Survey.




119

Table 99.—BANKING

YEAR AND
MONTH

DEBITS TO
INDIVIDUAL
ACCOUNTS i

BANK CLEARINGS 2

In New Outside
New
York
York
City
City

In New Outside
New
CanaYork
York
dian 3
City
City

•

CONDITION OF FEDERAL RESERVE BANKS *

DISCONDITION OF
REPORTING MEMBER COUNT
RATES
BANKS *

Bills
Notes
in cir- Total Total
disrecount- cula- investtion ments serves
ed

Reserve
ratio

Net
Total
Total
deloans
and dis- investmand
counts ments deposits

N. Y.
60-90
days

Per cent

Millions of dollars

Per cent

Total
deposits

Millions of dollars

1
1913 rno. av
1914 mo. av
1915 mo. av - _
1916 mo. av _ _.
1917 mo. av
1918 mo. av
1919 mo. av

t

$5, 749
5,508
5,879
7,713
9,734
11, 801
13, 944

$775
659
637
859
1,021
1,115
1,351

$29
24
224
1,158
1, 930

$89
185
606
1,911
2, 618

$144
231
466
592

$384
586
1,261
1,991
2,190

$1, 154
1,738
1,937

94 6
83 5
75.6
57.0
50 2

$20, 343

$17, 598

$7, 886
6,918
9,184
13, 298
14, 784
14, 878
19, 650

1920 mo. av
1921 mo. av
1922 mo. av
1923 mo. av
1924 mo. av
1925 mo. av

20,119
17, 258
19, 988
19,866
21, 961
26, 114

20, 133
15, 995
16, 626
18, 777
19, 013
21, 368

20,261
16, 194
18, 158
17, 833
20, 823
23, 635

15, 801
12,212
13, 204
15, 847
16, 347
18, 095

1,632
1,401
1,304
1,392
1,367
1,344

2, 557
1,755
550
751
362
500

3,154
2,664
2,215
2,239
1,866
1,689

685
338
618
399
583
646

2,126
2,672
3,149
3,192
3,196
2,944

1,922
1,744
1,851
1,941
2,111
2,247

43.5
61.4
77.5
76.4
80.4
74.8

$11, 927
10, 953
11, 788
12, 343
13, 450

1924
May
__ _
June
July
August

21, 406 / 18,639
18, 304
21, 926
18, 662
21, 469
20, 916
17, 776

20, 722
19, 959
. 21, 127
20, 342

15, 928
15, 360
16, 333
15, 344

1,380
1, 210
1,404
1,202

430
350
294
263

1,891
1,844
1,762
1,741

421
476
531
593

3,214
3,271
3,260
3,202

1,997
2,108
2,165
2,150

82.7
82.8
83.0
82.3

__

$9, 260
10, 576

5.00
5.00
5.00
5.00
5.00

$3, 364
4,230
4,617
4, 968
5, 464

11, 302
10, 178
10, 855
11, 143
12, 065
12, 892

6.50
5.88
4.20
4.46
3.67
3.46

11, 951
12, 142
12, 265
12, 434

4,659
4,827
4,987
5,091

11, 403
11, 837
12, 233
12, 419

4.00
3.50
3.50
3.00

September
October.
November
December

20, 734
22, 506
23, 047
27, 327

18, 238
20, 912
18,846
21, 830

19, 291
21, 585
22, 433
25, 626

15, 986
18, 122
16, 743
18, 445

1,314
1,715
1,593
1,652

260
223
222
314

1,730
1,767
1,845
1,862

668
802
866
935

3,156
3,132
3,134
3,047

2,196*
2,218
2,203
2,311

80.4
78.6
77.4
73.0

12, 677
12, 764
12, 870
13,068

5,331
5,551
5,617
5,531

12, 630
12, 922
13, 065
13, 254

3.00
3.00
3.00
3.00

1925
January
February
March
April

27, 682
22, 924
26, 382
23, 945

22, 277
18, 571
21, 219
20,592

26, 721
21, 057
23, 349
22, 879

18, 589
15, 738
17, 855
17, 821

1,364
1,069
1,151
1,229

274
434
378
400

1,684
1,729
1,709
1,684

715
696
663
628

3,083
3,030
3,008
2,993

2,265
2,270
2,184
2,187

78.0
75.8
77.3
77.3

13, 051
13, 143
13, 140
13, 232

5,488
5,396
5,478
5,484

18, 014
12, 932
12, 588
12, 814

3.00
3.50
3.50
3. 50

May
June
July
August

26, 179
26, 930
25, 458
23, 265

20, 397
21,681
21,559
19, 847

23, 847
24, 019
23 396
20, 219

17, 212
18, 361
18, 570
16, 860

1,290
1,186
1,273
1,195

414
455
468
580

1,671
1,634
1,598
1,616

640
579
553
547

2,982
2,059
2,937
2,888

2,202
2,210
2,201
2,237

77.0
77.0
77.3
75.0

13, 108
13, 205
13, 217
13, 375

5,485
5,505
5,506
5,471

12, 645
12, 725
12, 815
12, 755

3.50
3.50
3.50
3.50

September
October
November
December

24, 369
28, 916
27, 009
30, 313

20, 872
24,008
21, 334
24, 058

21, 774
25, 952
23,477
26, 959

18, 021
20, 299
18, 355
20, 013

1,278
1,647
1,613
1,835

633
590
625
750

1,685
1,695
1,732
1,835

624
660
701
751

2,866
2,893
2,861
2,822

2,268
2,297
2,291
2,357

72.5
72.5
71.1
67.3

13,832
13,901
13, 959
14, 235

5,440
5,443
5,405
5,462

13, 046
13, 082
13,025
13, 261

3.50
3.50
3.50
3.50

1926
January
February _
March
April

30, 538
24, 813
33,006
29, 300

23, 581
20, 016
23, 432
22, 512

27, 101
21, 453
28, 092
25, 964

19, 631
16, 583
19, 502
18, 649

1,300
1,193
1,293
1,417

449
540
632
514

1, 667
1,679
1,656
1,662

670
645
593
601

2,953
2,917
2,920
2,954

2,272
2,262
2,323
2,242

75.0
74.0
73.4
75.7

13, 949
13, 930
14, 052
13, 949

5,478
5,492
5,495
5,576

13, 034
12, 935
12,901
12, 829

4.00
4.00
4.00
3.50

26, 571
28,196

21, 426
22, 442

23, 386
24, 195

18, 170
18, 934

1,403
1,411

474
515

1,673
1,697

645
643

2,975
2,980

2,243
2,260

76.0
75.3

13, 874
14, 135

5,705
5,681

12, 917
13, 252

3.50

May
June
July
August
September
October..
November
December

1 Debits to individual accounts are collected by the Federal Reserve Board from about 150 of the larger clearing-house centers. These data represent check transactions
more fully than clearings inasmuch as. all checks debited to individual accounts are included and not merely those passing through the clearing house. The figures given
are combined from weekly totals, the first and last weeks of the month being prorated. Data for individual cities were presented in the October, 1923, issue (No. 26),
p. 512 to 55.
Figures on bank clearings, showing volume of check transactions passing through the clearing houses, compiled by Bradstreets. Clearings outside New York City
represent
117 cities each year, estimates for some of the smaller cities being necessary in earlier years to complete the data.
3
Covering 16 cities.
4
Condition reports, showing respectively the combined condition of the 12 Federal reserve banks and the condition of over 800 member banks of the Federal reserve
system, are compiled by the Federal Reserve Board. The condition is given as of the last Wednesday of the month, but prior to April, 1921, figures are of the last Friday of
the month. The reserve ratio represents the percentage which total reserves (mostly gold) form of the combined deposit and Federal reserve note liabilities. Prior to
March, 1921, net deposits were used instead of total deposits in calculating reserve ratios. Monthly data from 1920 on condition of Federal reserve banks may be found in the
May, 1922, issue (No. 9), p. 123, except for investments, which are given in the September, 1922, issue (No. 13), p. 47.
fi From the Federal Reserve Board. Monthly averages for years prior to 1922 cover only 61 to 90 day commercial, agricultural, and livestock paper; since then rates shown
are applicable to all classes and maturities of eligible paper.




120
Table 100.—INTEREST RATES AND SAVINGS
BROKERS' LOANS

To New York
Stock
Exchange!

YEAR AND MONTH

By New York
banks 2

Thousands of dollars

STOCKS 3

INTEREST RATES <

Southern

New York
call loans

cotton
mills

Dollars per

share

monthly average . _
monthly average
monthly average
monthly average
monthly average
monthly average. .

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average
monthly average

Commercial
New York
doubleState
name
paper, 4 savings banks
to 6 mos.

Per cent

3.29
3.68
1.90

United
States
postal
savings

Thousands of dollars

2.74
3.37
5.08
7.07

5.52
4.80
3.46
3.45
4.73
5.88
5.43

$1, 724, 607
1, 772, 357
1, 805, 366
1, 918, 453
1,989,013
2, 016, 866
2, 223, 216

$39, 750
59, 145
74, 349
112, 159
143, 193
167, 653
161, 373

$138. 45
124. 68
116. 99

8.58
5.99
4.42
4.87
3.17
4.31

7.38
6.54
4.43
4.99
3.91
4.02

2, 465, 491
2, 635, 572
2, 800, 118
3, 090, 659
3, 258, 920
3, 491, 492

163, 434
154, 124
138, 168
132, 190
133, 025
132, 824

121. 24
120.67
120. 17
121. 28

2.13
2.45
2.60
3.38

3.13
3.13
3.25
3.56

3, 302, 442
3, 308, 534
3,318,009
3, 388, 832

133, 965
134, 405
134, 235
133, 346

120. 91
119. 97
119. 08
117. 74

3.63
3.81
4.00
4.00

3.63
3.66
3.94
3.97

3, 409, 097
3, 417, 732
3, 462, 469
3, 468, 903

133, 472
134, 033
133, 892
133, 216

115.
114.
113.
114.

95
84
66
24

3.95
4.07
4.30
4.31

3.88
3.88
3.93
4.00

3, 464, 585
3, 517, 264
3, 502, Oil
3, 502, 526

132, 880
132, 186
131, 610
132, 100

114. 42
115. 89
118. 27
118. 88

4.56
4.90
4.75
5.45

4.19
4.40
4.38
4.38

3,487,629
3, 529, 169
3, 533, 841
3, 602, 675

132, 159
132, 398
132, 711
133, 235

134, 091
134, 997
134, 926
134, 850

1913 monthly average

1914
1915
1916
1917
1918
1919

SAVINGS DEPOSITS 5

1924
September _
October
November
December

_

1935
January
February
March
April

May.
June
July
August
September
October
November
December

_ -

.

.-

.

.-

_
__
_

1926
January
February
March
April

May
June.
July
August

$3, 513, 174
3, 535, 590
3, 000, 096
2, 835, 719

$3, 098, 192
3, 109, 331
2, 573, 051
2, 463, 697

120. 49
120.89
119. 49
117. 79

4.50
4.94
4.59
4.38

4.38
4.13
4.28
4.20

3,593,530
3,625,038
3, 671, 730
3, 668, 819

2, 767, 401
2, 926, 298

2, 431, 505
2, 565, 177

115.04
113. 84

3.97
4.19

4.00
3.88

3, 667, 580
3, 726, 826

September

October
November
December

-- -. _-

1
Compiled by the New York Stock Exchange from reports of all its members as to their net borrowings on collateral outstanding at the end of each month from banks
or agencies in New York City. These data include borrowings for out-of-town branch and correspondent offices. These security loans are used to carry securities not
only for customers but also for investment distribution. Details as between banks and other agencies and between demand and time loans are given in the Exchange's
monthly reports.
a Compiled by the Federal Keserve Board from reports of 61 identical reporting member banks in New York City on their collateral loans to brokers and dealers on
the last Wednesday in each month (not confined to members of the New York Stock Exchange). Details as to the account for which loans were made (own, out-of-town
banks,
or others), differentiating in each case between call and time money, are given in the board's weekly press releases.
3
Compiled from weekly quotations of 25 southern cotton-mill stocks as furnished by JR. S. Dickson & Co. Monthly data from 1923 may be found'on page 24 of the
March, 1926, issue (No. 55).
< Interest rates are averages of weekly ranges in the New York market as published by the Commercial and Financial Chronicle. During the earlier years quotations
on commercial paper are based on prime double-name commercial paper maturing in 60 to 90 days, but lately the quotations have been changed to from 4 to 6 months'
paper which now constitutes the bulk of this business and the rates for which have been practically identical with the shorter maturities. Call loan rates are based upon
mixed collateral. Detailed data by months from 1913 are given in the June, 1924, issue (No. 34), p. 56.
« Deposits in savings banks of New York State furnished by Savings Banks Association of the State of New York; postal savings from U. S. Post Office Department.




121
Table 101.—STOCKS AND BONDS

Combined
25
25
indus- railYEAR AND MONTH index
(103
trials roads
stocks)
(4)
(4) .
(3)
Dollars per share

1913 monthly av
1914 monthly av_ .
1915 monthly av_
1916 monthly av__
1917 monthly av__
1918 monthly av
1919 monthly av.

BOND
YIELDS
(2)

NEW YORK STOCK
EXCHANGE SALES 1

ComLibbined 5erty
16
index
and
for(66
eign
bonds) Treasury
(6)

Municipal
bonds

Mis- Liberty
cellaand
Total
Stocks neous
Victory bonds
bonds bonds

Per cent of par value

Per
cent

BOND PRICE INDEX

STOCK PRICES

Combined
index
(40
bonds)
(8)

10
10
10
10
high- sec- public
est
ond utility industrial
grade grade bonds bonds
rails rails
(6)
(5)
0)
(5)

Per cent of par value of 4 per cent bond

58. 19
58.08
75.35
99.14
85.44
80.98
105. 77

82.97
77.57
73.16
80.05
69.12
61.34
62.06

76.76
80.49
75. 58
69.84
69.07

89.79
92.45
87.43
80.02
77.89

75. 55
78.00
72.42
66.12
66.33

73.73
77.59
72.36
63.89
61.77

70.51
75. 89
71.35
69.36
70.76

$84. 57
97.08
82.13
88.74
110.63

107. 21
79.38
98.58
107. 78
115. 08
152. 65

55.94
53.21
62.38
60.15
67.18
82.48

59.70
60.15
74.11
71.72
74.32
77.04

71.33
74.39
85.50
82.86
85. 11
86.96

58.54
61.43
71.76
67.71
71.96
76.69

51.99
53.92
67.50
66.26
68.93
70.81

60. 1"2
55.28
8 74. 00
72.27
73.21
75.45

85.38
94.93
93.46
95.68
97.52

93.20
99.54
98.77
101. 44
102. 62

1924
September
October
November__
December

89.90
90.25
97.77
99.65

116. 73
117. 29
124. 11
134. 29

70.28
69.63
76.00
79.15

75.40
75.74
76.06
75.77

86.47
86.67
86.43
85.45

73.69
74.36
75.03
74.65

69.94
70.10
70.45
70.56

73.42
73.75
74.06
73.94

97.00
97.13
96.86
96.55

1935
January
February _
March
._
April

105.06
105. 64
99.78
101. 90

135. 38
138. 48
136. 96
135. 40

79.97
80.90
79.07
76.28

76.07
76.82
76.38
76.51

85.82
86.37
86.98
87.66

75.12
76.00
75.50
75.90

70.63
71.26
70.03
69.59

74.61
75.16
74.90
75.05

96.94
97.23
96.76
97.39

104. 68 142. 34
108. 05 144. 42
110. 75 149. 25
112. 71 158.16

79.50
79.57
80.23
83.63

77.97
78.46
77.56
76.34

88.91
88.77
87.28
86.00

77.49
77.79
76.78
75.99

71.36
72.06
71.05
70.66

September _
October
November .
December

115. 71 162. 83
121. 39 173. 56
120. 05 177. 26
121. 84 177. 74

84.73
84.92
88.56
92.45

76.92
76.73
77.12
77.56

86.54
86.06
86.22
86.90

76.91
76.78
77.73
78.28

1926
January
February
March
April

120. 42
119. 92
106. 63
108. 94

179. 90
179. 55
158. 05
144. 70

92.40
90.83
87.35
86.33

78.59
78.69
79.32
80.16

87.99
88.77
88.71
89.83

108. 13
111. 50

146. 95
155.81

88. 04
92.37

80.68
80.82

89.99
89.59

1920 monthly av
1921 monthly av__
1922 monthly av__
1923 monthly a v._
1924 monthly av...
1925 monthly av__

May
June _
July
August

May
June
July
August

..

Thous.
of
shares

Thousands of dollars,
par value

4.45
4.16
4.23
4.06
4.31
4.58
4.50

6,924
3,992
14, 448
19, 404
15, 378
11, 948
26, 073

92.42
101. 22
100. 22
101. 71
103. 04

5.04
5.02
4.21
4.27
4.21
4.13

18, 728 88, 563
14, 334 115, 686
21, 852 206, 948
19, 773 161, 521
23, 503 243, 145
38, 101 256, 621

235, 406
173, 130
136, 442
66, 549
72, 178
29,503

323, 969
288, 816
343, 390
227, 903
315, 323
286, 116

102. 66
102. 98
102. 10
101. 98

103. 68
103. 67
103. 50
102. 39

4.11
4.11
4.13
4.16

18, 150 212, 357
17, 826 247, 972
41, 370 336, 431
42, 876 313, 044

52, 665
45, 164
52, 987
79, 448

265, 022
293, 136
389, 418
392, 492

102. 21
102. 11
102. 03
102. 62

103. 24
103. 14
102. 32
102. 80

4.16
4.11
4.10
4.07

303, 825
280, 237
281, 732
247, 768

48, 638
26, 691
33, 316
30,283

352, 463
306, 928
315, 048
278, 051

76.15
77.01
76.85
74.27

98.15 102. 65
98.18 102. 97
97.47 102. 14
97.71 102. 46

103. 84
103. 50
103. 40
103.81

3.99
4.00
4.07
4.15

36, 463 313, 612
30, 860 243, 516
37, 273 237, 909
32,865 219, 278

25, 186
33, 074
32, 192
22, 143

338, 798
276, 590
270, 001
241, 421

70.95
70.52
70.65
70.92

74.92
75.17
75.46
75.81

97.55
97.46
97.53
97.81

101. 40
106.92
102. 02
101, 95

104. 00
102. 75
101. 41
102. 26

4.21
4.26
4.22
4.23

36, 886
53, 423
48, 981
42,876

242, 657
258,979
218,999
230, 939

21,066
21, 528
23, Oil
36, 911

263, 723
280, 507
242, 010
267, 850

79.22
80.09
79.74
81.23

71.99
73.65
73.22
73.69

76.80
77.73
77.13
77.60

98.77
98. 81
98.38
99.38

102. 35
102. 63
102. 61
102. 87

103. 26
103. 14
101. 80
102. 92

4.17
4.15
4.14
4.12

39, 088 262, 897
35, 462 218,297
52,040 247, 061
24,296 269, 232

29, 680
17, 938
27,106
28, 948

292, 577
236, 235
274, 176
298, 180

81.97
82.20

74.24
74.89

78.15
78.08

99.43
99.42

102. 78
102. 95

102. 83
103. 31

4.12
4.10

23, 188
37, 990

20, 857 247, 711
26, 452 277, 327

. 41,431
32, 750
38, 568
24, 836

41, 499
56, 959
79, 623
94, 199
61, 866
47, 544
71, 322

226, 854
250, 875

41, 499
56, 959
79, 623
94, 199
M0,492 85, 690
117, 059 164, 603
236, 814 308, 136

September
October
November
December

i Bond sales from Dow, Jones & Co.; stock sales from the Annalist. Monthly data from 1920 are given for most items in this table in the May, 1922, issue (No, 9), pp.
125 and
129..
2
Average market yield of bonds of 20 large cities at the end of each month compiled by The Bond Buyer. Averages for 1913 to 1916, inclusive, taken from Bond Buyer's
Index of the Municipal Bond Market, based on period Jan. 1 to Dec. 1; subsequent yearly data are averages for the period Jan. 31 to Dec. 31.
a This index, compiled as of the last day of the month by the New York Trust Co., includes 25 railroad, 10 iron and steel, 5 railroad equipment, 9 motor (including accessories),
5 rubber tire, 5 shipping, 5 sugar, 5 leather and shoe, 5 tobacco, 10 copper, 10 oil, and 9 New York bank and trust companies.
4
Prices are averages of daily closing prices for these stocks on New York Stock Exchange, taken from the Annalist. Monthly data from 1913 are given in the December,
1922,6 issue (No. 16), p. 47.
These indexes are compiled by Dow, Jones & Co. from the yields of the average prices of the bonds for each day of the month, the average yields for the 10 bonds of
each class being capitalized at 4 per cent to give the combined index.
« This index, compiled as of the last day of the month by the New York Trust Co., includes 6 Liberty and Victory bonds (the 2 issues of Victory bonds being replaced
at their redemption by the Treasury bonds, thus making only 5 issues), 16 foreign government and city, 20 railroads, 10 public utilities, and 5 telegraph and telephone issues.
7 Seven months' average, June to December, inclusive.
8
Five substitutions in this series in January, 1922, account for the violent change in the index.




122
Table 102.—NEW SECURITY ISSUES AND AGRICULTURAL FINANCING

Distribution «

YEAR AND MONTH

Total 5
(Journal
of Commerce)

CANADIAN
BOND ISSUES 2

MUNICIPAL
SECURITIES *

CORPORATE SECURITIES

ReBonds New
and
fundnotes capital ing

Cor- outnent porary Govt.
and Mustdgs.
loans loans pronici- poration end
(long (short vincial pal bonds
of
term) term)
mo.

Mil. of
dolls.

Thousands of dollars
1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

$137, 145
119, 710
119, 613
182, 208
127, 498
112, 068
251, 764

1920 xnonthlv av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

258, 911
219, 572
285, 329
300, 120
268, 262
295, 168

$89, 253 $157, 935 $225, 825 $21, 357
23, 271 177, 963 151, 828 49, 407
51, 969 203, 899 194, 615 61, 460
61, 413 206, 291 214, 782 44, 037
72, 199 247, 691 276, 858 43, 023
109, 248 287, 678 343, 810 53, 115

473, 272
383, 645
324, 254
355, 580

70, 401
102, 701
80, 278
141, 469

SECURITIES 3 NEW

INCORPORA-4
Total TIONS

( Commercial an$, Financial Chronicle) Perma- Tem-

Stocks

TAXEX.

$9,647 $6, 171
7,032 3,644
5,542 1, 888

$34, 040 $40, 268
37, 200 24, 332
41, 049 12, 894
41, 450 24, 367
37, 078 32, 704
21, 902 39, 428
63, 528 37, 508

$4,422
7,118
17, 901
17, 385
55, 198
58, 000
64, 429

64, 742
115, 281
106, 629
94, 597
120, 557
117, 059

55, 341
63, 503
32, 965
42, 846
81, 590
72, 172

9,749 4,466
13, 395 7,052
27, 125 7,290
25, 107 7,227
25, 748 7,270
22, 189 3,949

4,158
2, 365
4,917

2,583

3, 540

2,708
628
5,121

AGRICULTURAL LOANS
OUTSTANDING
(end of month)

Federal
farm
loan 7
banks

Fed- War
FiJoint eral
stock Inter- nance
land 7 med. Corpobanks credit8 rabanks tion 9

Thousands of dollars

i

$172, 301
120, 306
164, 915
276, 925
373, 198
9,506
183, 275 $110, 498
1, 056, 519 237, 478 $34, 257

$5, 554

3,846

10, 880
15, 284
12, 996

13, 652
14, 036
16, 268
16, 870

1, 249, 92,0
663, 260
700, 013
780, 896
596, 227
823, 434

35, 460
36, 175
14. 560
7, 045

16, 409
16, 370
16, 470
16, 551

677, 712
431, 200
806, 402
886, 592

935, 330
944, 995
954, 265
962, 662

454, 393
464, 874
477, 082
486, 247

63, 258
61, 034
59, 095
59, 249

38, 233
36, 358

616, 117
16, 728
16, 875 1, 003, 270
16, 974 1, 066, 860
17, 042
972,735

968, 713
975, 175
980, 638
985, 160

494, 165
501, 673
508, 800
513, 994

59, 979
58, 398
58, 333
57, 886

30, 877
29, 222
28, 043
26, 741

572, 751
17, 144
17, 221
585, 422
17, 266 1,241,594

989, 960
995, 207
999, 415

519, 237
526, 042
534, 134
17,392 1, 020, 548 1,005,685 545, 559

64, 318
73, 097
77, 300
80, 052

24, 688
22, 275
19, 843
15, 565

17,472 1,040,096
2, 675, 185
17, 719
748, 505
17, 816 1, Oil, 931

1,011,088
1,019,486
1,027,361
1,033,045

555, 756
567, 544
579, 458
587, 169

79, 935
81, 574
83, 991
81, 574

14, 637
13, 861
13, 089
12, 564

867, 366 1,038,385 594, 028
757, 355 1,043,955 600, 150

78, 554
76, 450

11, 870
11, 188

5,121

6,729

338, 234
76, 951
373, 381
79, 124
546, 519 143, 410
$174, 051
732, 365 10t31,837
103, 646
879, 929 ' 421, 394 $50, 883
60, 438
973, 934 502, 133 64, 333
28, 191

1935
January
Februarv__
March
April

247, 462

438, 197
400, 852
272, 328
341, 106

413, 404
450, 171
282, 355
411, 441

95, 193
53, 382
70, 251
71, 134

121, 373
78, 332
110, 490
106, 982

53, 375
57, 620
90, 658
96, 837

4,000
39, 406
None.
29, 240

77/521 218, 351

38, 505
98, 405
33, 480
46, 040

3,500
11, 596
None.
None.

5,484
2,601

4,588
4, 680

7,544
6,468
2,032

5,885

106, 172
160, 637
64, 370

273, 097
262, 422
176, 617

260, 925
311, 531
348, 377
211, 750

34, 947
67, 737
74, 682
29, 237

188, 042
144, 689
123r 301
87, 496

251, 381

74, 634
120, 932
149, 938

273,977

161,919

236, 053
250, 373
226, 302
356, 441

294, 309
300, 994
365, 565
474, 903

16, 379
70, 310
10, 675
43, 458

121, 428 76, 118 155, 100
84, 775 93, 465
150
2,275
71, 523 39, 827
166, 273 141, 732 21, 000

546, 870

442, 807
288, 039
299, 109
410, 853

545, 843

68, 707

301, 137
438, 299

171, 742
126, 150
181, 291
31, 733

443, 232 37, 168
331, 516 111, 070

5,200 12, 615 8,725
76, 217 79, 824
146,457 23, 866 105, 000 1, 861 2,310
5,000 1, 888 16, 540
118,982 122, 301
117, 737 72, 748 None. 5,735 50, 575

-. _ 253, 742

196, 423

278, 280

57,196

257, 445
415, 206

441, 631
379, 039

142, 678
136, 431

May
June
July
4.ugust

208,012
321, 115
191, 121

September .-. ..
October
November
December

234, 096

278,096

1, 534
2,. 496

3,385
4,909
1,665

12, 892

3,400
None.
7,550
8,328
14, 425
10, 236

34,291
32, 157

1926
January
February
March. _
April

May
June
July
August
October
November _
December

351,662

381,093 33,095

12, 237
93, 363

6,643

25,000

35, 533
20, 125

17,934

I

.

1
1

1

2,100

: 17,612

1

Sales of new securities by States and municipalities compiled by The Bond Buyer. The short-term loans are of a temporary character, usually replaced later by permanent2 loans.
Issues of Canadian bonds from The Financial Post.
3 Estimated gross amount of wholly tax-exempt securities outstanding compiled by U. S. Treasury Department. The yearly figures represent data as of Dec. 31
of each year, except for 1913, when the figures are for Dec. 31, 1912. In 1912, 1918, and 1922 the data were based on census reports. Details as to amount held in sinking
funds
and divisions by classes are shown in the monthly statements issued by the Treasury.
4
New incorporations represent the value of the authorized capital of new enterprises, exclusive of those under $100,000, incorporated in the principal Eastern States as
compiled
by the New York Journal of Commerce. Monthly averages from 1913 appeared in November, 1924, issue (No. 39), p. 187.
6
Data on new capital issues as compiled by the New York Journal of Commerce. Details by classes and individual issues are given in that publication.
6
Distribution of capital issues as compiled by the Commercial and Financial Chronicle, the totals here given being slightly smaller than the grand totals compiled by
the Journal of Commerce. The columns "New capital" and "Refunding" include all types of financing to be used for the purpose designated. Distribution of bond issues
by classes, from 1920 through September, 1924, appeared in June, 1923, issue (No. 22), page 42, and in November, 1924, issue (No. 39), page 137. Further details are given
in the
Commercial and Financial Chronicle.
7
These data, from the Federal Farm Loan Board, represent loans made for agricultural development secured by mortgages on land and buildings, the Federal farm
loan banks being established by the Government in 12 districts, while the joint-stock land banks, of which 70 are now in existence, are private organizations. The banks
were closed during the greater part of 1920, pending litigation in the Supreme Court involving the constitutionality of the Federal farm loan act, and in 1921 many loan
requests could not be granted because the cessation of bond selling had depleted the resources. Monthly figures on loans closed from 1920 appeared in June, 1923, issue
(No. 22), page 47.
8 The Federal intermediate credit banks under the supervision of the Federal Farm Loan Board are located in the same cities as the 12 Federal land banks, as follows:
Springfield, Mass.; Baltimore, Md.; Columbia, S. C.; Louisville, Ky.; New Orleans, La.; St. Louis, Mo.; St. Paul,Minn.; Omaha, Nebr.; Wichita, Kans.; Houston, Tex.;
Berkeley, Calif.; and Spokane, Wash. These banks lend money on staple agricultural products and make rediscounts for agricultural credit corporations and livestock
loan9 companies.
Data from the War Financt Corporation comprise advances for "agricultural and livestock purposes" under the agricultural credits acts on Aug. 24, 1921, to banks
livestock associations, and cooperative marketing associations. Figures on advancements and repayments from 1922 to September, 1924, appeared in November, 1924, issue
(No. 39), page 189; since that date new advances have practically ceased.
•
10 Six months' average, March, June, September, October, November, and December.




123
Table 103.—NEW SECURITY ISSUES BY CLASSES
LONG-TERM REAL ESTATE BONDS

CORPORATE ISSUES

Purpose of issue

Foreign
government

YEAR AND
MONTH

Total
corporate

Railroads

Public Indusunities trials

Oils

Shipping
Land,
Grand
To
and
building, etc. miscel- total finance
conlaneous
struction

Kind of structure

InterAcqui- Office
est
Real sitions and
other Hotels Apart- rates
estate and
commort- imments
gage prove- mercial
ments

Per ct.

Thousands of dollars

$73, 455 $54, 310
88, 595 38, 222
43, 881 27, 671
52, 818 25, 192
68, 248 18, 822
51,512
15, 627
78, 303 23, 545

$5, 565
7,700
4,542
14, 875
21, 013
27, 958
62, 721

$25, 908
30, 970
13, 450
28, 920
23, 268
18, 956
39, 623

$13, 338
19, 940
26, 604
57, 963

$8, 452
13, 014
19, 001
33, 322

28, 025
39, 330
40, 759
42, 521

18, 000
1,200
22, 500
None.

18, 320
25, 855
26, 521
37, 938

11, 419
14, 621
5, 398
13, 685

17, 520
25, 605
26, 521
37, 538

17, 170
8, 255
11, 266
28, 393

7,400
3,125
5,960

133, 532
105, 998
93, 510
134, 284

31,811
56, 088
94, 549
40, 347

32, 200
26, 383
11, 045
3,165

17, 274
13, 710
22, 069
29, 080

17, 450
6,298
9,563
14, 085

16, 574
13, 175
21, 376
27, 435

16, 074
8, 175
18, 448
12, 485

500
5,000
2, 525
9,550

495, 953
316, 075
279, 178
287, 849

113, 391 278, 639
119, 342 145, 507
66, 029 124, 365
116, 340 74, 131

55, 363
14, 219
23, 333
24, 160

10, 319
None.
18, 145
21, 844

27, 692
16, 375
28, 868
19, 068

10, 555
20, 632
18, 439
32, 305

24, 342
15, 945
26, 658
18, 568

19, 112
11, 455
24, 233
15, 258

42, 000
214, 000
102, 000
91, 000

312, 425
418, 447
243, 368
373, 170

130, 813
107, 118
52, 714
14, 890

91, 468
133, 280
82, 018
132, 907

28, 842
56, 565
44, 247
148, 618

11, 850
32, 950
19, 625
None.

41, 803
32, 484
39, 417
47, 657

7,650
56, 050
5,347
290, 098

39, 818
30, 549
38, 257
46, 557

8,000
62, 500
28, 000
8,000

508, 598
503, 553
352, 606
482, 575

22, 992
112, 045
38,833
87, 614

237, 725
205, 324
171, 557
82,400

85, 773
94, 649
51, 962
197, 904

76, 400
18,435
6,900
32, 731

53, 893
39, 283
60, 972
60, 561

31, 815
33, 817
22, 382
21, 365

5,943
140, 188
144, 500
8,700

295, 872
379, 269
423, 059
240, 987

48, 497
36, 527
72, 500
19, 245

122, 935
141, 419
107, 853
111, 539

49, 794
23, 610
111, 945
39,978

12, 288
16, 359
40, 722
14, 547

40, 453
116, 262
63, 269
36,994

61,800
39, 650
138, 100
None.

310, 688
371, 305
376, 240
518, 359

13, 684
28, 952
6,320
35, 000

131, 081
109, 590
121, 446
182, 164

43, 062
103, 919
92, 994
109, 600

20,400
2,500
20, 757
20, 500

24, 972
3,800
21,500
83, 100

614, 549
414, 188
480, 400
442, 586

46, 670 206, 246
23,011 149, 658
31, 930 137,426
61, 924 216, 932

151, 052
162, 237
95, 366
51, 100

42,000
27, 600

453, 868
472, 402

17, 925 274, 824
40, 376 215, 876

51, 178
76, 744

$17, 343 $38, 523
31, 490 41, 402
54, 607 55, 924
54, 294 80, 007
43, 187 94, 866
78, 358 127, 470
43, 517 143, 753

1919 mo av
1920 TTIO g,v
1921 mo av
1922 mo. av
1923 mo. av
1924 ino. av
1925 mo. av

$36, 640
24, 250
31, 606
35, 942
20, 237
69, 000
53, 782

$228, 304
247, 192
199, 242
256, 107
269, 403
319, 881
396, 926

1923
September
October
November
December

55, 000
16, 000
25, 000
None.

141, 289
230,426
375, 041
276, 478

24, 810
78, 785
88, 092
21, 507

40, 715
70, 635
191, 771
160, 828

1924
January
February
March
April-

48, 490
170, 000
None.
77, 500

304, 699
265, 588
266, 113
275, 706

72, 432
57, 111
35, 378
54, 740

9,250
15, 700
10, 000
48, 065

M!ay
June
July
August
September
October
November
December

1935
January _
February
March
April
__
May _
June
July
August

_
__

_ _
.

September _
October
November
"Dp.np/mber

1936
January
February
March
April
May
June _ _
July
August

.

September
October
November
December

$1, 066 $2, 209
2,157 3,696
4,328
1, 057
12, 613 7,233

$6, 171 $2, 676 $2, 404
9,723 4,354
3,499
12, 214 4,964 5,567
21, 892 9,761 8,155

6.91
6.58
6.50
6.29

9,000
11, 250
2,200

3,600
18, 625
18, 950
26, 415

4,620
3,800
1,910
5,210

6,640
1,730
3,505
4,188

6.57
6.70
6.51
6.72

403
1,325

6,000
2, 350
10, 500
9,750

4,075
8,500
2,075
12, 805

5,615
975
7,598
1,455

6.58
6.63
6.70
6.51

5,005
4,165
1,615
2,935

175
375

13, 787
8,515
11, 880
10, 110

3,800
2,300
1,168
3,425

3,665
4,560
11, 730
4,100

6.48
6.62
6.52
6.45

30, 038
20, 614
24, 622
27, 265

4,400
4,200
10, 735
1,301

2,300
4,590
1,000
2,510

15, 880
20, 570
17, 320
19, 905

2,795
3,215
11, 115
4,290

8,358
3,124
5,537
10, 085

6.41
6.46
6.33
6.29

48, 373
31, 258
53, 387
51, 861

23,338
18, 178
39, 355
35,113

8,998
9,210
7,350
10, 708

14, 680
530
5,400
950

21, 693
7,220
25, 138
28, 685

10, 275
6,320
8,115
3, 763

11,268
4,058
7,602
7,888

6.40
6.48
6.27
6.28

21, 906
45, 093
26, 769
18, 684

39, 853
108, 195
60, 099
36, 428

30, 855
59, 244
37, 004
21, 180

4, 553
27, 091
9,420
11, 515

1,550
10, 405
8,145
650

23, 462
37, 745
13, 756
10, 175

2,000
23, 365
16, 655
5,705

9,801
7,855
6,630
6,970

6.29
6.25
6.26
6.39

54, 960
96, 629
67, 297
62, 086

47, 500
29,714
67, 426
109, 010

51, 808
90,839
65, 647
57, 808

16, 350
39, 880
45, 240
34, 130

13, 330
31, 753
9,620
7,803

13, 068
11,640
10, 375
9, 405

11, 270
37, 515
27,090
18, 953

8,755
8,393
12, 795
10, 995

7,025
5,130
10, 165
13, 470

6.16
6.25
6.14
6.31

43, 857
6,930
104, 750
9,450

58, 331
42, 313
55, 505
53, 533

81, 229
30, 040
48,923
48, 498

53, 927
41, 153
50, 370
42, 398

38, 767
32, 858
24, 950
20, 603

8,663
250
9,640
13, 110

4,522
2,750
5,230
5,085

27, 342
29, 550
16, 525
11, 378

9,490
1, 650
8,925
6,235

11,318
3,258
6,075
6,440

6.24
6.26
6.24
6.23

3,500
2,050

50, 481
94, 744

55, 710
42, 362

49, 754
82, 985

18, 239
40, 945

12, 615
7, 425

15, 480
13, 180

29, 191
34,295

4,833
16, 505

7,875
7,035

6.22
6.15

...

(

.___!

i From the Commercial and Financial Chronicle, showing new financing in the United States. Corporate financing includes both stock and bond finances, and foreign
as well as American corporations. The industrial group comprises the following classifications given in the detailed statements: Iron, steel, coal, copper, etc.; equipment
manufacturers; motors and accessories; rubber and miscellaneous industrials. The data on long-term real estate bonds which represent only those put out by mortgage
bonding houses, have been segregated from detailed figures of individual issues in the land and building group as given in the Chronicle, eliminating data on stocks and
short-term bonds. These latter items, however, were shown in the September, 1925, issue (No. 49) of the SURVEY, p. 25, together with interest rates on the short-term
bonds and the data shown here on long term bonds extending back to January, 1922. In the classifications shown above by purpose of issue and by kind of structure, the
Digitizedmiscellaneous
for FRASER
group, making the difference between the totals of the three classes shown and the grand total, has been omitted. The interest rates shown are the average
•coupon
rates on the long-term real estate bonds issued during the month.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

124
Table 104.—BUSINESS PROFITS AND LOSSES
DIVIDEND AND INTEREST
PAYMENTS

BUSINESS FAILURES 1

Liabilities

Trade estab- Agents and
brokers
lishments

Banks
(quarterly)

Dividend payments
Canadian 2

353
385
426
349
308
230
155

$9, 583
13, 805
12, 436
7,616
5,843
4,825
3,139

929 $2, 869
1,071 4,704
1,336 3,335
994
2,655
786 2,732
541 2,644
334
2,002

54
67
84
73
61
60
48

6$7,887
14, 001
9,306
1,598
4,614
1,284
4,131

530 $1, 388
54 2,562
33 2,698
12 1,312
12 1,138
6 1,035
12
843

24, 593
52, 361
51, 989
44, 885
_ 45, 269
36, 979

740
1,638
1,973
1,560
1,718
1,768

10, 666
19, 488
17, 910
23,379
23, 847
13, 974

220
375
473
414
434
424

7,380
21, 232
22, 615
17, 495
16, 933
17,947

461
1,166
1,410
1,089
1,197
1,263

6,547
11, 641
11, 465
4,012
4,439
5,058

59
96
89
57
85
80

12, 675
43,254
19, 434
50,934
50, 731
41, 174

30
102
69
144
153
116

May
June
July
August

36, 591
34,099
36, 813
55, 154

1,816
1,607
1,615
1,520

17, 157
16, 646
20, 022
29,924

507
439
416
414

15, 346
14, 810
12, 421
16, 361

1,215
1,084
1,124
1,024

3,488
2,643
4,370
8,869

94
84
75
82

52, 953

163

September
October
November
December

34,296
36,099
31,124
45, 279

1,306
1,696
1,653
2,040

19, 468
15, 619
10, 252
15, 753

360
411
361
475

10, 126
16, 122
15, 782
27, 141

883
1,186
1,193
1, 464

4,702
4,357
5,090
2,385

63
99
99
101

21,543

80

28,154

105

1925
January
February
March
April

54,354 2,317
40, 123 1,793
34,005 1,859
37, 189 1,939

11, 909
15, 334
13, 375
13,097

480
409
429
430

24, 655
21,067
17, 595
21, 536

1,757
1,285
1,345
1,427

17,790
3,722
3,035
2,556

89
99
85
82

JVIay
June
July
August

37, 027
36, 701
34, 505
37, 159

1,767
1,745
1,685
1,513

18,184
16, 159
10, 932
22, 339

400
431
418
365

15, 820 1,286
17, 213 1,229
15, 961 1,184
13, 460 1,069

3,023
3,329
7,612
1,360

81
85
83
79

30, 687
29,544
35, 922
__ 36, 528

1,465
1,581
1,672
1,878

8,167
11,264
13, 994
12, 931

388
408
442
490

14,990
13, 530
18, 907
20, 635

1,015
1,111
1,146
1,307

7,530
4,750
3,022
2,962

62
62
84
81

43, 661 2,296
34, 176 1,801
30,623 1,984
38, 487 1,957

16, 094
10, 822
9,862
16, 734

510 21, 512 1,696
447 20, 317 1,282
469 18, 623 1,424
494 19,094 1,378

6,056
3,037
2,138
2,660

90
72
91
85

1,730
1,708

16, 157
10,092

437
435

1,676
77
3,791 113

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av _
1924 monthly av
1925 monthly av

£

in
g

£

Liabilities

1,336 $10, 366
1,523 11,312
9,335
1,846
1,415
6,083
1,154
6,628
832
6,121
538
4,301

MB
E

Liabilities

$22, 818
29, 821
25,106
16,354
15, 203
13, 590
9,442

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

Thous. No. Thous. No.
of dolls.
of dolls.

Liabilities

No.

Firms

Thous.
of dolls.

YEAR AND MONTH

Firms

Firms

Liabilities

Manufacturing
establishments

Liabilities

Total
commercial

as

Total
dividend
and interest
payments •

Av.

payIndustrial Steam Street ments
on
and
Total
rail- railmiscel- roads ways industrial
lanestocks
ous
4

g

£

(qtly.)

Thous.
Thous.
Thous.
of
No.
of dolls. No. of dolls. No. dolls.

Dolls,
per
share

Thousands of dollars

152 $148, 103 $69, 838 $38, 527 $24, 733 $4,906
241 148, 948 68, 481 36, 530 24, 549 5,368
219 155, 426 66, 019 36, 374 23, 613 5,149
148 177, 919 77, 176 44, 986 26, 095 6,020
93 199, 095 89,856 56,542 26,038 6,493
68 227, 061 85, 184 53, 788 24, 135 6,318
52 265, 764 79, 745 48, 264 ' 23, 705 5,977

1,845
4,221
4,771
4,285
3,378
2,879

82
199
271
243
192
175

284, 573
278, 484
283, 310
298, 768
320, 049
339, 777

80,248
76, 965
77,554
80, 271
84, 391
88, 838

50, 140
45,200
43,723
45, 120
47, 181
49, 432

23, 832
23, 668
23,508
24, 093
25,100
26, 258

6,074
5,970
5,902
6,313
7,008
7,777

3,356
1,170
1,931
1,145

194
149
137
128

316, 475 56, 475
305, 925 65, 025
400,050 107, 750
199, 075 80, 575

27, 975
39, 075
55,300
44,500

23,100
22,050
29,350
31,250

5,400
3,900
9,950
4,825

1,779
2,460
2,524
4,868

158
187
208
219

315, 265
402, 250
288,300
301, 150

62, 265
97,350
67,300
71,150

41,500
63,500
29,500
52,400

16,250
24,450
32,200
14, 350

4,515
9,400
6,100
4,400

4,923
2,659
3,392
2,054

285
189
199
145

458, 625 158, 125
202,200 80,400
333, 380 87,900
405, 250 95,000

64,600
44, 150
51,900
60,500

27,150
29,100
31,200
25, 025

16,800
7,150
4,800
9,475

6,116
2,204
2,504
949

176
157
154
110

328, 225 59, 725
323,400 68,900
438, 785 115, 385
212, 590 83,690

29,600
40,950
59, 075
46,300

24, 075
23,450
30, 510
32, 275

6,050
4,500
10,900
5,115

1,600
3,531
2,357
3,189

142
183
167
216

318, 775 67, 525
427, 220 102, 920
309, 395 73, 595
322, 323 74, 970

44,900
66,365
32,350
54,575

17,250
25,905
33,950
15,180

5,375
10,650
7,295
5,215

2,677
2,653
3,653
3,202

249
188
172
153

509, 250 166, 500
218, 715 83,215
332, 222 90,970
426, 075 99, 575

67, 995
45, 575
53, 325
63, 075

28, 775
30, 215
32, 575
26, 175

18, 015
7,425
5,070
10, 325

158

338, 650 62,950
341, 350 71,250
491, 915 121,415

31, 300
41,550
62, 215

24,900
24, 575
31,900

6,750
5,125
11, 600

$5.23
5.36
3.45
5.09
6.68
6.19
5.85

6.59
4.94
4.40
5.46
5.55
7.09

1924

September
October
November
December

1926
January
February
March
April
IVIay
June
July
August
September
October
November
December

_

33,543
29, 408

15, 710 1,216
15, 525 1,160

43,926

144

42, 859

111

11, 613

46

66, 301

163

25,894

94

30,309

115

1,770

5.25

5.55

5.65

6.52

6.55

6.95
8.32

7.15

7.65

)i

i Compiled
by Dun's Review;. for annual data
in _greater detail,, see April,
1924, issue of the SURVEYx (No. 32), pp. 57-59.Monthly data on total commercial failures from
.
f
1913 2appeared"
in December,
1923,
(No.
on all classes from 1921 appeared"in '
June,
~
'
'— issue
'
'" 28),
~"s p. 53;
""• monthly
'" data
"
.e,1924, issue (No. 34),'p. 55.
Canadian
business
failures
from
BradstreeVs.
3
Data compiled by New York Journal of Commerce. "Total dividends" include bank dividends not separately shown for those months where such payments are reported. The total interest payments may be obtained by subtracting total dividends from total interest and dividend payments. Monthly data for total dividend and
interest payments covering the period 1913 to 1921 appeared in the September, 1922, issue (No 13) of the SURVEY, p. 51 (figure for July, 1917, should be $333,011 instead of
$633,011);
and for dividends, classified, covering the same period, in the October, 1922, issue (No. 14), p. 46.
4
Average dollar dividends paid on industrial stocks compiled by the Cleveland Trust Co. for the industrial stocks included in the Dow-Jones index of stock prices, comprising 12 stocks from 1900 through 1914 and 20 stocks from 1915 through 1924. The figures are unweighted averages of the amount of dividends paid per share for these
 stocks in each quarter, reduced to an annual basis. Quarterly figures extending back to 1900 appeared in April, 1925, issue (No. 44), p. 29.
8 Yearly data are quarterly averages.



125
Table 105.—CORPORATION PROFITS AND STOCKHOLDERS
NET PROFITS i

Miscellaneous

Machinery

1
fe

£

Metals and
mining

3o

Domestic

Millions of dollars
1913 quarterly av
1914 quarterly av
1915 quarterly av
1916 quarterly av
1917 quarterly av .
1918 quarterly av
1919 quarterly av

1930
March
June
September
December

$403
391

$245
247

$34
38

$125
106

$33
25

$41
29

$16
20

$12
13

$9
9

$5
5

<tq
$y
8

'

1921
March
June
September
December
1933
March
June
September
December
1933
March
June
September
December
1934
March
_ _
June
September
December

_.
_.

_.
_ _

1935
March
June..
September
December
1936
March
June
July
August
September
October
November
December

For-

eign

Domestic

Foreign

Shares
held
by
brokers
Per ct.
of total

Number

1!

1920 quarterly av
1921 quarterly av
1922 quarterly av
1923 quarterly av. ._
1924 quarterly av. ._
1925 quarterly av

U. S. Steel Corp.
(common stock)

Pennsylvania
R. R. Co.

Industrial
Motors and
accessories

Telephone

YEAR AND QUARTER

Railroads

Grand total, nine
groups

Railroad
and
telephone

STOCKHOLDERS >
American Teleph.
& Teleg. Co.

Domestic

Foreign

Number
53, 205
56, 932
62, 279
67, 504
78, 597
96, 035
115,482

1,041
1,175
1,270
1,187
999
1,143
1,239

131, 643
163, 703
217, 599
265, 638
322, 693
353, 217

1,267
2,013
2,297
2,644
3,086
4,046

122, 999
131,558
134, 112
137, 901

1,173
1,173
1,174
1,547

22.61
21.49
21.44

144, 716
153, 649
172, 770
183, 676

1,774
1,953
2,146
2,180

1, 399
1,370
1, 384
1, 365

22.02
24.09
25.05
26.28

195, 608
201, 303
228, 592
246, 494

2,217
2,233
2,309
2,431

72, 714
78, 682
81, 603
85, 343
93, 331
102, 798
111,316

11, 258
11, 839
11,816
6,884
2,235
1,773
1,727

41, 436
47, 777
3 42, 020
39, 365
44, 531
64, 314
73,510

1,529
1,697
s 1, 980
939
1,191
1,484
1,475

126, 424
138, 450
136, 181
138, 846
142, 718
144, 380

1,500
1,743
2,869
2,847
2,925
2,968

88, 085
104, 621
97, 580
94, 489
96, 081
91, 043

1,300
1,341
1,380
1,431
1,557
1,511

121, 326
124, 943
127, 768
131, 659

1,595
1,525
1,472
1,409

82, 246
85, 909
89, 665
94, 520

1,337
1,320
1,287
1,256

33.46
32.09
30.69

137, 007
139, 702
138, 243
138, 847

1,386
1,373
1,362
2,852

103, 093
103, 976
105, 355
106, 061

1,283
1,334
1,368
1,379

24.27

138, 895
136, 940
134, 279
134, 609

2,915
2,888
2,851
2, 820

105, 261
97, 989
94, 789
92, 281

51.48

46.73
45.87
55.08
51.88

43.22
40.65
30.35
22.45
24.36
22.76
' 22. 97
20.31

25.17

338
451
429
392

185
262
277
255

36
35
30
35

117
154
125
102

37
47
25
20

24
43
39
46

20
24
16
8

12
13
13
11

8
10
9
5

3
4
3
3

13
13
14
9

136, 247
137, 156
138, 581
141, 348

2,814
2,843
2,852
2,880

92, 711
91, 593
95, 462
98, 189

1,355
1,351
1,481
1,536

26.24
23.34
20.83
20.62

255, 421
260, 446
269, 762
269, 923

2,524
2,603
2,719
2,729

377
331
407
443

203
188
287
309

35
37
36
43

139
106
84
91

32
21
20
22

42
28
17
21

29
22
18
15

12
13
14
12

7
6
6
9

3
3
3
4

14
11
6
8

142, 339
142, 965
143, 307
142, 261

2,987
2,901
2,903
2,913

97, 135
97, 577
94,904
94, 708

1,542
1,549
1,558
1,577

22.39
20.45
22.82

296, 738
314, 227
338, 183
341, 625

2,760
2,875
3,199
3,508

377
447
564

204
234
359

44
46
46

129
167
159

36
60
54

30
31
30

23
31
28

12
15
16

11
10
11

4
4
4

13
16
16

143, 224
146, 988
145, 583
141, 725

2,939
2,966
2,981
2,986

92, 552
91, 910
90, 651
89, 057

1,490
1,525
1,526
1,504

26.81

345, 451
354, 279
355, 895
357, 242

3,740
3,994
4,102
4,347

141, 097
141, 365

2,931
2,909

89, 102
92, 031

1,575
1,618

362, 093
368, 410

4,432
4,557

26.21

25.45
25.39
27.60
29.92
24.10

-..
_
_.

1 Compiled by the Federal Reserve Bank of New York from quarterly reports of net profits of 365 companies, consisting of 193 Class I railroads, 70 telephone, 17 motor
and 2accessories, 13 oil, 14 steel, 13 food, 15 metal and mining, 11 machine manufacturing, and 19 miscellaneous companies.
These data showing the growth of stockholders in three prominent companies—a railroad, a public utility, and an industrial—have been furnished direct by the
respective
companies and represent the number of holders of common stock at the end of each quarter, i. e.. December figures are for December 31 or January 1.
3
December 31 figures; other quarters of 1915 not available.




126

Table 106.—FOREIGN EXCHANGE AND CANADIAN TRADE
[Relative numbers for base year in bold-faced type; numerical data on opposite page]
EUROPE
YEAR AND MONTH

England

France

Italy

ASIA

Bel- Nether- Swegium lands
den

Switzerland

CANADIAN
FOREIGN TRADE 3

THE AMERICAS

Japan India *

Canada

Argen- Brazil
tina

Imports

Chile

Thous. of dollars

Relative to 100 (par)
1913 average
1914 average
1915 average.. _
1916 average... _
1917 average
_.
1918 average
1919 average..

j
103
94
88
90
92
71

106
98
98
98
98
91

101
87
80
71
69
59

66

96

98
100
103
104
103

/2
73
77
78
82

115

$55, 934
51, 600
37, 996
42, 350
70, 538
80, 294
76,643

80
"A
59
64
65
75

89
90
99
98
99
100

94
76
85
81
81
95

69
40
40
31
35
38

95
62
63
63
54
59

88, 711
103, 347
62, 317
66, 882
74, 428
66, 412

107, 222
100, 869
62, 827
78, 858
88, 230
90, 113

95

101
97
99
109
119
98

98
99
102
103
107
103

83

86
84
96
97
95
100

76
84
98
99
99
100

88
90
99
94
94
100

101
97
96
97
83
82

97

Exports

$31, 422
37, 953
39, 287
64, 858
98, 268
132, 181
105, 730

1920 average
1921 average. .
1922 average. .1923 average
1924 average
1925 average .

75
79
91
94
91
99

36
39
42
32
27
25

26
22
25
24
23
21

38
38
40
27
24
25

1924
January
February
March _ .
April

88
89
88
89

24
23
24
32

23
23
22
23

22
20
20
27

93
93
92
93

98
98
98
98

90
90
90
91

90
91
86
82

63
62
61
63

97
97
97
98

76
79
79
78

34
37
35
35

53
52
50
54

66, 568
62, 134
86, 954
60, 173

70, 355
68, 332
93, 615
49, 518

May
June
July . ..
August

90
89
90
92

30
27
26
28

23
23
22
23

25
24
24
26

93
93
94
97

99
99
99
99

92
92
94
97

81
82
83
83

63
63
68
68

98
98
99
100

77
77
77
79

34
33
31
31

56
54
52
51

72, 058
66, 396
72, 631
61, 970

105, 311
88, 328
88, 221
74, 822

September
October
November
December _.

92
92
95
97

27
27
27
28

23
23
22
22

25
25
25
26

96
97
100
100

99
99
100
101

98
99
100
101

83
78
77
77

68
69
71
72

100
100
100
100

83
87
89
92

31
35
35
35

53
57
58
58

63, 901
68,184
66, 229
60, 946

82, 456
104, 316
119, 876
125, 462

1925
January
February
March
April

98
98
98
99

28
27
27
27

22
21
21
21

26
26
26
26

100
100
99
100

101
100
101
100

100
100
100
100

77
78
82
84

73
73
73
73

100
100
100
100

94
94
93
90

36
35
34
33

58
55
57
57

58, 376
61, 430
84,638
59, 105

75, 999
71, 164
95, 888
60, 709

May
June
July .
August ..

100
100
100
100

27
25
24
24

21
20
19
19

26
24
24
23

100
100
100
100

100
100
100
100

101
101
101
101

84
82
82
82

74
75
75
75

100
100
100
100

93
95
95
95

32
34
35
37

58
58
60
61

75, 895
75, 518
81, 492
82, 074

97, 475
94, 319
103, 280
112, 414

_. _

100
99
100
100

24
23
21
19

21
21
21
21

23
23
23
23

100
100
100
100

100
100
100
100

100
100
100
100

82
82
85
87

75
75
75
75

100
100
100
100

95
97
98
98

42
46
45
44

62
62
63
63

78, 663
80, 800
75, 286
76, 918

109, 574
144, 520
141, 359
176, 399

1926
January
February _. _.
March
_.
April

100
100
100
100

20
19
19
18

21
21
21
21

23
23
22
19

100
100
100
100

100
100
100
100

100
100
100
100

89
91
91
93

75
76
75
74

100
100
100
100

98
97
94
94

46
46
45
43

62
62
62
62

69, 736
70,909
100, 934
67, 801

85, 716
88,809
113,966
60, 915

100
100

17
15

20
19

16
16

100
100

100
100

101
101

94
94

75
75

100
100

95
95

45
48

62
62

86, 052
91, 513

93, 095
119, 399

September
October.
November
December

May
June
July

September
October
November
December

•

1

1

See footnotes on opposite page also
1 Daily averages of noon rates for cable transfers reported to the Treasury daily by the New York Federal Reserve Sank. Average figures for the years 1914 to 1918,
inclusive, where given, are weekly averages of commercial quotations from the Annalist For figures on Germany, which have now been discontinued owing to almost
complete
collapse of the mark, see August, 1923, issue (No. 24), p. 183. Monthly figures on all items back to 1920 may be found in the May, 1922, issue (No. 9), p. 135.
2
Parity established October, 1920. Prior to that, par value of the rupee was 32.44 cents.
3 Foreign trade statistics from Department of Trade and Commerce, Dominion Bureau of Statistics. Yearly figures represent monthly averages for the Canadian fiscal
year ending March 31 of the year indicated.




127

Table 107.—FOREIGN EXCHANGE »
[Base year in bold-faced type; relative numbers on opposite page]
EUROPE
England

YEAR AND MONTH

France

Italy

Belgium

THE AMERICAS

ASIA

Nether- Sweden Switzerland
lands

Japan

India 2

Canada

Argen tin a

Brazil

Chile

Kate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per Rate per
pound
paper
gold
guilder
lire
franc
franc
milreis
krone
franc
yen
dollar
rupee
sterling
peso
peso
$4.87
5.14
4.78
4.76
4.76
4.76
4.43

$0. 193
.199
.182
.170
.174
.178
.137

$0. 193
.195
.169
.155
.137
.134
.114

$0. 193

.128

.391

3.66
3.85
4.43
4.57
4.42
4.83

.070
.075
.082
.061
.052
.048

.050
.043
.048
.046
.044
.040

.074
.074
.077
.052
.046
.048

4.26
4.31
4.29
4.35

.047
.044
.047
.062

.043
.044
.043
.044

4.36
4.32
4.37
4.50

.058
.053
.051
.055

4.46
4.49
4.61
4.70

January
February
March
April
May
June
July..
August

Par value
1914 average
1915 average _
1916 average
1917 average
1918 average
1919 average

$0. 268

$1. 000

$0. 965

$0. 324

* $0. 195

.403

.956

.941
.964
.997
.999
.990

.234
.236
.249
.253
.267

.226

.504
.482
.478
.486
.413
.410

.389
.262
.287
.311
.318
.363

.893
.896
.985
.981
.987
1.000

.907
.730
.818
.786
.782
.914

.225
.131
.129
.102
.113
.122

.185
.121
.122
.123
.106
.116

.173
.174
.173
.176

.449
.454
.429
.409

.305
.303
.299
.304

.974
.969
.970
.981

.737
.765
.766
.748

.109
.120
.115
.112

.104
.101
.098
.105

.285
.265
.266
.266

.177
.177
.182
.188

.402
.411
.414
.413

.306
.305
.313
.323

.983
.984
.993
.999

.746
.739
.741
.767

.110
.108
.099
.099

.110
.106
.101
.100

.385
.391
.401
.404

.266
.266
.268
.270

.189
.192
.193
.194

.406
.388
.385
.384

.325
.337
.344
.353

.999
1.000
1.000
.997

.800
.836
.855
.883

.101
.112
.155
.115

.104
.111
.113
.113

.051
.051
.051
.051

.404
.402
.399
.400

.270
.269
.270
.269

.193
.193
.193
.193

.385
.391
.410
.418

.357
.357
.357
.356

.997
.999
.999
.999

.911
.903
.897
.869

.117
.113
.110
.106

.114
.108
.111
.112

.041
.038
.037
.037

.050
.047
.046
.045

.402
.401
.401
.402

.268
.268
.269
.269

.194
.194
.194
.194

.419
.408
.411
.410

.362
.365
.366
.366

1.000
1.000
1.000
1.000

.902
.913
.918
.917

.103
.109
.114
.121

.114
.113
.117
.119

.047
.044
.040
.037

.041
.040
.040
.040

.044
.045
. 045
.045

.402
.402
.402
.402

.268
.268
.268
.268

.193
.193
.193
.193

.408
.410
.423
.432

.366
.366
.366
.366

1.000
1.001
1.001
1.000

.917
.934
.944
.942

.135
.148
.146
.142

.120
.121
.122
.122

4.86
4.86
4.86
4.86

.038 ,
.037
.036
.034

. 040
. 040
.040
.040

.045
.045
.042
.037

.402
.401
.401
.402

.268
.268
.268
.268

.193
.193
.193
.193

.442
.454
.454
.466

.367
.368
.366
.362

.998
.997
.996
1.000

.941
.933
.903
.098

.148
.148
.145
.140

.120
.121
.121
.121

4.86
4.87

.032
.029

.039
.037

.031
.030

.402
.402

.268
.268

.194
.194

.470
.469

.363
.363

1.001
1.001

.913
.917

.147
.155

.120
.120

$0. 402

$0. 499
.491
.495
.507
.513
.533
.512

$0. 487

.255

$0. 193
.194
.187
.191
.211
.229
.190

.344
.336
.385
.391
.382
.402

.205
.225
.262
.265
.265
.269

.169
.174
.190
.181
.182
.193

.042
.038
.039
.052

.374
.374
.371
.372

.262
.262
.263
.264

.044
.043
.043
.044

.049
.046
.046
.050

.374
.374
.379
.388

.053
.052
.053
.054

.044
.044
.043
.043

.049
.048
.048
.050

4.78
4.77
4.78
4.80

.054
.053
.052
.052

.042
.041
.041
.041

4.85
4.86
4.86
4.86

.052
.048
.047
.047

4.85
.4.84
4.85
4.85

January
February.
March
April
Mav

1920 average
1921 average
1922 average
1923 average
1924 average
1925 average
1924

January
February
March...
April.

_

MayJune
July .
August

_ _ _

_ _

.
._ _

September .
October
November
December

_ -

1925

September
October ._
November
December

_
_..
1926

June
July
August
September
October
November
December

_
,
See footnotes on opposite page also

4

Average value of the paper peso in 1913




•

128

Table 108.—IMPORTS BY GRAND DIVISIONS
FROM NORTH
AMERICA

FROM EUROPE

Total

YEAR AND MONTH

France

Germany

Italy

United
Kingdoiii

FROM SOUTH
AMERICA

FROM ASIA
AND OCEANIA

FROM
AFRICA
GRAND
TOTAL

Total

Total

Canada

Argentina

Total

Japan

Total

Thousands of dollars
1913
1914
1915
1916
1917
1918
1919

$4, 610
4,601
4,297
5,020
3,040
2,028
4,922

$22, 663
23, 949
21, 525
25, 457
23, 340
12, 385
25, 766

$32, 485
36, 783
42, 455
54, 870
72, 665
81, 218
6,481

$11,844
13, 669
14, 800
19, 771
34, 473
37, 641
41, 225

$16, 522
19, 127
26, 857
35, 634
49, 902
50,911
57, 294

$2 131
4,690
7,890
9,691
14, 855
19, 032
16, 597

$26, 344
26, 265
30, 489
50, 865
71, 455
86, 837
99, 696

$8, 245

6,280
5,191
5,328
7,689
6, 251
8, 517

42, 821
29, 739
33, 673
30, 539
34, 360

138, 555
62, 904
68, 538
83, 460
82, 930
81, 787

50, 989
27, 953
30, 337
34, 667
33, 262
37, 897

63, 417
24, 635
29, 897
38, 952
38, 840
43, 249

17, 315
4,994
7,140
9,606
6,275
6,681

123, 058
54, 447
72, 955
89, 918
81, 638
111,465

34, 548
20, 939
29, 525
28, 912
28, 338

9,483
9,525

5,992
5,579
5,402
7,198

30, 835
34, 503
28, 460
28, 893

75, 167
98, 736
113, 863
94, 363

31, 954
32, 819
35, 750
33, 174

37, 967
36, 391
44, 940
34, 525

4, 099
6,008
11, 359
7,444

82, 679
92, 438
66, 595
104, 502

34, 812
26, 128
16, 113

11,275
9,393
10, 725
11, 059

9,831
10, 511
12, 527
11, 869

5,004
4,832
5,049
4,108

26, 129
24, 482
23, 053
25, 870

92, 699
80, 025
80, 782
70, 051

33, 355
33, 037
32, 123
30, 282

39, 302
38, 368
41, 368
34, 423

7,511
7,108
6,494
4,258

98, 849
106, 477
97, 911
110, 654

12, 620
14, 123
13, 729
14, 437

13, 157
13, 701
11, 909
12, 794

5,766
9,019
7,989
9,073

32, 700
36, 530
35, 675
39, 338

73, 953
75, 124
71, 177
69, 217

31, 297
33, 729
35, 059
36, 570

30, 632
42, 103
41,925
44, 127

102, 809
100, 916

13, 924
14, 878
14, 150
11,816

11, 402

8,463
8,262
9,504
9,999

35, 178
33, 894
40, 159
31, 288

77, 531
83, 214
91,290
93, 352

32, 963
33, 620
34, 419
33, 119

9,522
11,247

31, 676

13, 820
13, 770

8,514
9,206
7,036
6,046

33, 196
32, 312

89, 122
85, 234
76, 188
71,706

$15, 351
12, 449

52, 776
45, 929
26, 510
62, 544

$11, 578
8, 685
6,493
9,074
8,220
4,959
10, 318

102, 320
63, 745
82, 600
96, 421
91, 341
103, 153

13, 805
11, 824
11, 901
12,468
12, 303
13, 119

7,403
6,690

87, 989
98, 735
85, 205
83, 868

10, 787
13, 543
13, 250
12, 708

11, 246
12, 706

84, 247
80, 175
82, 071
79, 907

monthly
monthly
monthly
monthly
monthly
monthly
monthly

average. .
average- _
average. .
average. .
average. .
average. .
average. .

$72, 056
65, 293

1920 monthly
1921 monthly
1922 monthly
1923 monthly
1924 monthly
1925 monthly

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

1924
January
February
March
April
May
June
July
August

- - -

September
October
November
December

_ __

1935
January
February
March
April

45,529

112,025
97, 931

3,746
485
13
26
884

9,791
13, 433
11, 605
13, 688

12,068
13, 074
11, 503

19,900

$1, 978
1,638
2,887
5, 158
6,089
7,126
9,349

$149, 383
149, 106
148, 216
199, 303
246, 039
252, 601
325, 364

12, 524
3,365
5,410
7,255
6,083
7,679

439, 873
209, 096
259, 396
316, 006
300, 247
352, 333

24,728

11, 686
7,389
9,880
7,033

295, 506
332, 323
320, 482
324, 291

83, 537
70, 599
71, 425
67, 314

27, 184
21, 825
26, 763
29, 610

3,203
4,834
2,947
2,848

302, 988
274, 001
278, 594
254, 542

5,442
4,700
4,582
6,294

80, 667
82, 920
80, 979
97, 365

35, 601
29, 308
28, 364
39, 626

3,043
4,128
4,156
11, 829

287, 144
310, 752
296, 148
333, 192

42, 254
43, 981
58, 451
46, 440

6,523
10, 212
8,584
11, 363

112, 920
92, 232
113, 368
98, 264

33, 286

21, 570

10, 651
13,044
10, 245
10, 105

346, 165
333, 387
385, 379
346, 091

37, 560
37, 320
38, 915
36, 282

32, 848
37, 022
41, 487
41, 932

3,823
5,799
5,249
5,152

108, 585
107, 514
111,992
119, 732

22, 570
24, 215
32, 133
35, 727

4,753
6,694
3,263
6,567

327, 519
325, 216
325, 648
340, 086

47, 970
39, 079

5,526
3,506
7,788
9,989

349, 954
374, 074
376, 638
397, 945

416, 766
388, 503
443, 098
397, 964
321, 029
336,980

8,808
9,026
15, 174
21, 139
25, 162

34,154

32,009

23,159
28,294

May _
June
July
-.....August

100, 547

10, 406
10, 016
9,841
14, 287

September
October
November
December

100, 370
115, 834
118, 231
115, 642

12,843
15, 675
14, 492
15,257

15, 067
15, 703
15, 728
21, 287

6,724
9,680
9,323
9,452

31, 288
37, 717
42, 342
36, 746

76, 548
81, 987
75, 868
79,338

37, 356
47, 115 j
43,233
42, 676

44, 321
38, 789
43, 319
47, 929

5,603
4,003
6,714
7,146

123, 239
133, 989
131, 459
145, 047

111, 210
105, 318
117, 119
104, 808

12, 826
12, 080
14, 456
11, 648

16,006
16,548

34, 620
37, 282
37, 126

33,271

73, 559
87,047
97, 536
90,929

35,576
37,646
40, 382
38, 434

53, 518
51, 955
63, 613
51, 247

7,678
9,412
12, 677
8,027

162, 083
132, 612
153, 235
139, 864

40, 407
33, 177

18, 383
17, 101

8,555
6,774
8,957
7,639

32, 309

16, 397
11, 571
11, 595
11,115

89, 461

8,771

14, 413

7,420

24, 401

79,048

35, 144

37, 542

6,933

110, 238

24, 810

4,740

92, 210
88, 702

93,069

1936
January
February
March
April
May _
June
July
August
September
October
November
December

_.

_ -. .
_

26,644

37,242
39, 177

22,901

_..__.

I

'.

1
Compiled Ijy the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent imports of merchandise only. Up to and including May,
1921, import values represented "actual market value or wholesale price at the time of exportation to the United States, in the principal markets of the country from whence
exported, including the value of all containers and coverings, whether holding liquids or solids, and all other costs, charges, and expenses incident to placing the merchandise
in condition, packed ready for shipment to the United States." (Tariff act of 1913). Beginning with June, 1921, the import values are either the actual foreign market
value, as defined above, or "the export value, including any export tax imposed by the country of exportation," whichever is higher. (Emergency tariff act of May 27,1921.)




129

Table 109.—EXPORTS BY GRAND DIVISIONS
TO NORTH
AMERICA

TO EUROPE

YEAR AND MONTH

Total

France

Germany

Italy

United
King,
dom

Total

Canada

TO SOUTH
AMERICA

Total

Argentina

TO ASIA AND
OCEANIA

TO
AFRICA
GRAND
TOTAL

Total

Japan

Total

Thousands of dollars
1913 monthly average. _ $124, 964
19 14 monthly average. _ 111, 608
1915 monthly average. . 214, 451
1916 monthly average. . 317, 773
1917 monthly average.. 338, 538
1918 monthly average. . 321, 558
1919 monthly average. . 432, 306

$12, 827
14, 175
41, 733
71, 735
78, 399
77, 600
74, 447

$29, 328
13, 191
. 981
188
(2)
(2)
7,730

$6, 556
8,161
22, 477
25, 294
34, 920
41, 015
36, 890

$49, 228
49, 984
99, 870
157, 282
167, 450
171, 774
189, 880

$50, 098
40, 132
46, 567
77, 046
105, 081
110, 457
107, 983

25, 953
31, 027
26, 343
26, 403
38, 702
39, 195

30, 980
17, 955
12, 575
13, 961
15, 595
17, 096

161, 319
78, 510
71, 319
73, 527
81,912
85, 990

$33, 599
25, 885
28, 754
50, 409
69, 077
73, 906
61, 187

$12, 210
7,584
12, Oil
18, 356
25, 991
25, 226
36, 812

$4, 582
2,261
4,403
6,406
8,925
8,759
12, 992

$17, 319
14, 700
20, 009
39, 211
45, 567
50, 250
74, 775

$5, 208
3, 479
3,811
9,096
15, 528
22, 815
30, 530

$2, 411
2,110
3,095
4,501
4,282
4,933
8, 160

$207, 002
176, 135
296, 223
456, 887
519, 459
512, 424
660, 035

160, 764
94,132
76, 305 .
90, 514
90, 837
95, 029

80, 988
49, 473
48, 057
54, 327
52, 003
54, 230

51, 993
22, 777
18, 840
22, 443
26, 188
33, 550

17, 811
9,236
7,962
9,398
9,758
12, 397

86, 932
53, 782
45, 910
54, 827
55, 925
56, 243

31, 495
19, 620
18, 200
22, 019
20, 859
18, 976

13, 806
6,071
4,648
5,056
5,858
7,420

685, 668
373, 753
319, 315
347, 291
382, 582
409, 116

1920 monthly average. .
1921 monthly average. .
1922 monthly average. .
1923 monthly average. 1924 monthly average. .
1925 monthly average. _

372, 174
196, 992
173, 613
174, 451
203, 775
216,874

56, 349
18, 745
22, 247
22, 678
23, 472
23,35 g

1933
September
October
November
December

201, 988
214, 067
218, 491
246, 337

25, 082
30, 510
31, 361
29, 979

31, 541
32, 802
28, 105
32, 395

15, 751
19, 176
18, 231
19, 839

90, 002
89, 221
101, 510
122, 995

97, 974
89, 910
84, 807
79, 918

60, 227
51, 719
45, 744
45, 339

21, 543
21, 875
23, 412
19, 230

8,474
8,593
9,215
6,308

55, 162
68, 663
70, 131
76, 165

22 248
27, 277
35, 031
37, 756

4,767
4, 703
4, 643
5,016

381, 434
399, 199
401, 484
426, 666

202, 668
200, 746
169, 352
180, 279

23, 195
19, 946
21, 879
19, 915

40, 966
49, 088
36, 057
32, 874

16, 858
15, 889
13, 127
15, 226

84, 863
74, 154
57, 005
65, 712

74, 557
77, 390
86, 170
84, 782

40, 752
45, 013
49, 230
48, 325

23, 874
24, 453
23, 217
25, 206

8, 959
8,728
8,295
8,903

87, 034
42, 559
56, 635
49, 288

47, 637
20, 837
21, 629
13, 953

7,039
5, 451
4,381
7,381

395, 172
365, 782
339, 755
346, 936

162, 178
141, 975
125, 948
156, 103

22, 073
21, 321
13, 179
20, 524

28, 271
18, 027
12, 836
19, 279

11, 213
12, 045
8,042
13, 220

62, 409
51, 795
56, 596
65, 687

88, 471
84, 929
83, 358
94, 563

48, 063
48, 274
45, 167
50, 385

24, 764
25,860
23, 362
30, 538

8,841
8,987
8,778
12, 399

54, 038
48, 897
39, 025
44, 333

15, 937
9,563
8,423
9,635

5,638
5,328
4,956
6,123

335, 089
306, 989
276, 649
330, 660

235, 729
290, 615
305, 456
274, 251

28, 217
26, 787
36, 765
27, 862

44, 381
49, 655
58, 312
50, 673

12, 793
21, 955
22, 863
23, 914

96, 663
125, 432
125, 835
116,792

112, 150
133, 314
93, 094
77, 263

70, 455
86, 270
53, 110
38, 988

24, 224
32, 820
27, 087
28, 845

9,628
12,764
10, 108
10, 702

49, 405
64, 190
63, 149
58,362

15, 765
28, 928
31, 348
26, 451

5, 952
6,232
4,787
7,027

427, 460
527, 172
493, 573
445, 748

1935
January
February
March
April

269, 401
222, 266
252, 714
207, 470

29, 210
22, 855
25, 689
22, 070

49, 599
43, 785
51, 385
32, 993

22, 669
23, 061
26, 154
19, 171

113, 137
85, 760
85, 720
73, 148

77, 831
75, 052
99, 618
92, 694

36, 931
39, 043
51, 213
49, 285

31, 745
25, 463
33, 545
35, 899

12, 893
9, 939
12, 213
12, 242

60, 884
42, 565
58, 970
54, 513

28, 094
15,819
21, 602
12, 979

6,582
5,330
8,805
7,679

446, 443
370, 676
453, 653
398, 255

May
June
July
August

175, 322
144, 437
155, 027
180, 873

20,266
15, 205
14, 402
18, 212

28, 727
22,365
23, 588
34,114

14, 022
11, 763
12, 268
11, 601

62, 806
57, 197
57, 738
63, 099

107, 466
96, 177
101, 556
101, 375

66, 815
59, 877
62, 596
60, 781

35, 689
31, 192
32, 275
38, 125

12, 263
10, 936
11, 977
14, 390

45, 108
45, 110
44, 896
50, 790

8,165
9,764
10, 947
13, 238

7,362
6,433
5,876
8,701

370, 945
323, 348
339, 660
379, 823

228, 379
282, 702
237, 644
246, 160

20, 545
34, 051
29, 560 .
28, 218

52, 117
56, 481
39, 120
35,983

12, 793
17, 392
16, 766
17, 479

90, 334
121, 394
107, 247
114, 234

102, 819
99, 491
93, 739
96, 162

63, 338
55, 798 .
53,650*
51, 649

29,006
31, 135
34, 991
43,545

9,661
12, 144
13,230
16, 871

53, 107
73, 421
72, 654
72, 929

18, 012
33, 170
29, 861
26, 801

7,008
6,861
8,568
9,849

420, 360
490, 567
447, 013
468, 645

-

1934
January
February
March
April
May
June
July
August
September
October
November
December

September
October
November
December

1936
January
February
March__
April
May
June .
July.
August

._ .

..

_

199, 794
171, 968
164, 373
175, 732

29, 731
21, 724
24, 000
21, 924

25, 537
22, 166
21, 116
21, 345

14, 382
12, 823
12, 26,0
14, 811

82, 159
75, 834
67, 941
70, 614

84, 780
82, 588
100, 567
99, 272

47, 437
45, 976
62,446
56, 746

37, 775
35, 265
35, 413
37,181

14, 938
10, 885
11, 878
10, 878

66,545
56, 063
65, 826
66, 460

23, 425
18, 934
22, 323
21,000

8,302
7,032
8,242
9, 226

397, 196
352, 917
374, 421
387, 871

145, 477
144, 393

19, 084
14, 802

21, 202
20, 170

11, 801
10, 661

55, 500
62, 647

110, 873
98, 642

75, 735
64, 989

35, 342
30, 126

10, 643
9,770

57, 483
57, 490

18,753
16, 895

7, 447
6,768

356, 621
338, 419

September
October
November
December
1
Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, and represent exports, including reexports, of merchandise only. Values
are those at time of exportation in the ports of the United States whence exported, except reexports from bonded warehouses, which are expressed in their import value.
2 Total for year 1917 is $3,275. No figures for 1918.


http://fraser.stlouisfed.org/
433°—26
Federal Reserve Bank of St. Louis

9

130
Table 110.—IMPORTS AND EXPORTS BY CLASSES OF COMMODITIES
IMPORTS

YEAR AND
MONTH

Total

Crude
materials

Foodstuffs,
crude,
and
food
animals

Manufactured
foodstuffs

EXPORTS

Semimaiiufactures

Finished
manufactures

Crude
materials

Total

1

!
1

Foodstuffs, ManuSemifaccrude, tured
manuand
facfoodfood
tures
animals stuffs

Finished
manufactures

Thousands of dollars

1913 monthly a v _ _
1914 monthly av..
1915 monthly av__
1916 monthly av__
1917 monthly av._
1918 monthly av__
1919 monthly av__

149, 383
149, 106
148, 216
199, 303
246, 039
252, 601
325, 364

50, 462
49, 790
57,991
84, 132
105, 682
101, 760
139, 521

18, 413
19,561
20,242
21, 678
32, 144
28,795
45, 441

16, 518
21, 378
22, 770
28, 226
29,287
33, 114
46, 308

28,355
23,006
21, 748
34, 822
45, 124
54, 080
50,860

34, 401
33, 936
24, 335
28,798
32,327
33, 742
41, 028

204, 024
172, 675
291, 104
451, 887
513, 934
503, 990
645, 818

64, 017
40,938
47,280
60, 118
65,061
79, 432
134, 178

14, 121
22, 939
38, 470
35, 107
42,406
45, 620
56, 530

27, 023
25, 727
45, 880
54,003
67, 228
117, 152
163, 551

33,066
27, 949
39, 641
76, 022
109, 835
87, 773
76, 854

1920 monthly av._
1921 monthly av__
1922 monthly av__
1923 monthly av_.
1924 monthly av._
1925 monthly av._

439, 873
209,096
259, 396
316,006
300, 247
352, 333

146, 073
71,090
96,381
115, 737
103, 008
143, 435

48, 136
25, 331
27, 660
30,234
35,406
41, 233

103, 179
30, 737
32,290
44, 134
43, 467
36, 133

66,835
28, 669
45, 793
59, 976
54, 057
62, 951

73,094
51, 577
55, 642
64, 212
62, 446
66,362

673, 402
364,611
313, 776
340, 893
374, 804
401, 523

155, 902
81, 997
81,800
100, 170
110, 528
117,829

76, 498
57, 687
38, 212
21, 457
32, 724
26, 491

93, 080
55, 805
48, 965
48, 608
47, 791
47, 813

79,909
33, 270
36, 484
46, 977
50, 889
55, 144

267,032 I
135, 497
107, 720
123, 147
132,338
153, 570

65, 120
53, 243
109, 584
218, 780
225, 066
172, 437
213,625

1

i

1923
253, 645
308, 291
291, 333
288, 305

77,410
92, 273
97, 814
103, 037

26, 479
34, 055
40, 134
35, 434

33, 321
48,069
35,590
27,413

49, 277
57, 386
50,825
54, 207

62, 997
73, 773
64, 110
64,961

374, 191392, 207
395, 667
421, Oil

131,500
149, 803
160, 346
182, 515

27,171
21, 747
14, 461
14, 874

46, 493
50, 664
52, 295
56, 653

45, 039
45, 980
48, 955
50, 871

124, 233
123,440
118, 668
115, 511

January
February
March
\pril

295,506
332, 323
320,482
324, 291

106, 434
116, 172
102, 169
110, 589

32, 584
30, 521
34, 464
35,286

38, 202
58, 742
67,294
58,629

58,044
66,634
56, 174
54,529

57, 605
57,909
58, 870
64,069

389, 057
358, 211
331, 655
335, 734

132, 848
113, 711
85,609
80,719

13, 810
13, 925
14, 976
13, 336

59, 315
53, 325
49, 782
42, 693

54, 619
50,342
50, 060
50, 986

127, 326
127, 215
130, 602
147, 546

May
June
July
August

302, 988
274,000
278, 594
254, 542

104, 164
88,682
89, 180
83,288

37, 484
34, 189
39, 130
31,471

50, 581
41, 774
42, 495
30,396

48, 652
48, 366
44,909
47,140

61,677
60,575
62, 144
60,466

325, 839
299,160
270, 598
325, 027

77,047
62, 387
55, 863
63, 044

10, 638
15, 014
12, 821
31, 728

37, 452
34, 035
37,220
44, 378

53, 103
50, 461
46, 251
47, 166

147, 348
136, 936
118, 123
138, 234

September
October
November
December

287, 144
310, 752
296,148
333, 192

96,242
100,726
106,807
130, 665

29,152
42, 462
38, 076
40,053

38,243
38, 414
28,936
27,395

52, 384
56,651
58,917
60,260

66, 456
68, 979
61,464
69,133

419,064
518, 265
486,453
438, 587

127, 974
162, 432
196, 372
168, 335

66,064
101, 820
58,940
39, 619

48,834
58, 711
54, 461
54,287

49, 556
53,428
50,896
53,801

126, 198
141, 107
124, 897
122, 017

January
February
March
April

346, 165
333, 387
385,379
346, 091

149, 850
130, 588
144, 597
139, 312

38,062
36,778
50, 184
36,533

32,332
39, 774
46,840
48,423

63,108
63, 649
75,890
59, 611

62,813
62,590
67,868
62, 212

440, 578
364, 831
445, 834
390, 956

169, 196
129, 333
122, 845
83,766

25,885
25,488
31, 101
36, 192

54,031
46,347
55, .585
39, 365

58, 597
47, 781
64, 666
60,935

133, 869
117, 882
171, 637
170,698

May
JuneJuly
August

327, 519
325, 216
325, 648
340,086

136, 241
130, 226
124, 431
140, 524

34,168
35, 733
42,366
36, 702

39,900
37,704
34,231
29,786

56,320
59,085
58,983
65, 302

60,890
62,468
64,836
65,664

362,285
315, 676
331, 647
372, 647

65, 973
52, 578
66,340
71, 472

33, 625
21, 879
22, 555
28,564

41, 161
43,077
43, 339
47, 514

58,818
54, 382
57, 802
52, 149

162, 708
143, 760
151,099
172,406 I

September
October
November
December

349, 954
374, 074
376,638
397, 945

142, 198
151, 144
165,964
175, 727

45, 247
44,278
46,588
48, 161

33, 110
33,192
29,339
28,937

58, 021
65, 713
62,223
67, 595

65, 370
77, 224
70, 515
74,089

412, 698
482, 921
439, 449
459, 506

131, 579
209,659
172, 534
152, 490

34, 179
19, 312
19,485
21, 187

52,659
51, 474
46, 972
52, 675

50,058
50,751
50,035
55, 705

143, 470
151, 070
149, 232
176,619

January
February
March
April.

416, 766
388, 503
443, 098
397, 963

201, 092
174, 020
198, 351
164, 800

48,632
42, 110
51, 102
47, 122

28,826
35,998
40, 153
39, 249

71, 140
72, 844
74, 697
70, 610

67, 076
63,531
78, 795
76, 182

388, 119
345, 819
364, 940
379, 198

113, 925
89, 317
83,031
80,506

15, 845
12, 172
15,596
14, 595

47,788
41, 837
40, 526
38, 170

51, 853
47, 917
53, 520
57, 910

158, 708
154, 576
172, 267
188, 017

May

321, 029
336, 980

128, 109
122, 537

35, 908
43,040

32, 931
36, 025

61, 059
64, 332

63,022
71, 046

348, 079
328, 728

67, 383
63, 245

25, 155
21,088

34, 053
34, 237

50, 707
54,986

September
October
November
December

1934

...

1925

1936

..

June
July
August
September
October
Dp.wvmhp.r

i

i

|

170, 781
155, 172

1
i

! •

"""II

II


1
Data from U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. For changes in valuations, see footnote on preceding page.


131

Mills

cotton

Price to producer, all
grades

Total

Total

American cotton

lin-

ters)

Warehouses

Im- (inports cluding
Consumption

YEAR AND MONTH

ports

Receipts
into
sight

Active
spindles

Middling
upland,
N. Y.

Cotton
yarns

Cotton
goods

Print
cloths
64x60,

38^",
5.35
yds. to
Ib.

New
Bedford

Fail River

Sheeting, 4/4 Trion,
L L 36" 4 yds. to Ib.,
N. Y.

Ex-

Cotton

Carded, white, northern, mule spun,
22/1 cones, Boston

World
visible

Domestic

MILL DIVIDENDS
(quarterly)

WHOLESALE PRICES

MA-

STOCKS, END OF MONTH

CHINERY?
ACTIVITY

Table 111.—INDEXES OF COTTON1

Total

Ratio
to
capitali/ation

Ratio
to
•Total capitalization

Relative to 1913

100

10O
111
159
155
134
152

100

100

100

100

100

100

100

106
135
107
91
92
115

100
145
111
89
91
117

101
102
106
109
110
111

85
162
117
188
246
252

88
81
120
181
268
241

87
77
115
179
300
275

100
91
84
118
193
317
274

100

128
194
169
144
179
203

100
95
79
113
184
249
254

100

160

100
89
114
137
122
117
105

60
55
99
203
291
233

60
54
95
183
252
201

1OO
86
119
136
269
293
307

10O
85
117
130
214
225
237

105
97
109
117
99
115

155
198
153
125
111
129

107
97
106
109
80
94

193
277
189
137
136
157

129
145
113
80
84
104

127
143
102
70
78
106

111
108
108
113
102
104

250
106
163
228
224
185

265
119
106
230
224
184

284
133
161
196
192
169

343
145
162
192
174
175

344
143
168
172
185
172

486
150
147
170
136
81

411
*112
110
113
88
51

409
250
274
230
172
179

312
164
173
124
91
94

44
31
28
37

89
75
75
77

74
59
45
44

85
70
53
41

65
51
39
46

71
61
50
43

50
40
30
27

100
96
94
95

234
232
228
232

247
235
248
229

192
191
190
189

168
171
171
175

177
176
175
189

143

93

178

94

52
98
95
264

99
127
175
144

94
115
106
115

84
161
190
192

38
54
77
97

120
245
278
268

60
97
118
•133

64
109
141
156

99
102
104
107

185
193
188
200

191
192
190
186

175
181
180
180

162
165
170
171

179
168
173
176

161

104

157

84

113

73

169

90

115
72
67
41

297
325
184
121

144
109
99
63

128
118
125
128

172
150
119
103

106
113
120
111

224
178
118
97

133
129
121
104

153
141
123
96

109
109
109
109

189
192
204
198

188
193
200
191

177
174
174
170

174
180
181
175

176
174
175
173

124

79

159

84

26
11
13
65

77
108
54
50

44
29
27
42

114
106
104
96

80
61
45
56

99
83
64
50

66
44
30
60

88
68
53
51

73
51
36
36

108
106
104
192

192
192
195
195

183
189
194
186

161

166
158
156
170

76

49

161

85

168
171

173
174
180
179

194
262
245
208

82
67
146
187

101
190
162
132

104
117
117
124

130
185
216
237

64
89
107
126

182
261
302
325

89
118
138
161

91
134
159
183

103
106
108
108

188
179
151
145

184
172
162
158

171
174
164
162

180
181
169
165

172
176
176
167

65

42

225

118

58

35

172

90

58
51

&~?
336
208
248
181

100
74
70
69

125
122
136
124

226
213
192
168

133
135
130
121

300
275
241
205

154
151
136
125

170
160
139
124

107
108
109
108

143
148
138
138

162
161
152
150

163
161
155
151

164
162
151
146

165
165
160
160

58

39

145

82

42
18

74
120

56
46

111
111

143
119

107
93

172
140

116
98

112
90

106
104

133
134
128

148
145

144
141

143
138

155
152

71

38

148

83

1913 monthly av
1914 monthly av
1915 monthly av _
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

100
86
104
99
80
76
86

1920 monthly av .
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

75
83
81
78
92
110

2100

2142
183
174
125
102
158

21OO
2

73
97
81
55
47
75

98
108
119
122
111
106

271
125
168
169
145
142

71
75
70
61
76
95

34
18
21
33

87
74
37
22

September
October
November
December

153
233
230
206

1925
January
February
March
April

1924
May
June
July
August

May
June
July
August

September
October.
November
December _ _

1926
January..
February
March
April
May..
June
July
August
September
October
November
December
L

96
63

'

1
!

i{I

---|r~-

'

For numerical data and complete explanation of sources, etc., see Tables 7, 8, and 10.




res

2

]

These figures are for fiscal years ending June 30 of year given.

132

Table 112.—INDEXES OF WOOL AND SILK
WOOL MACHINERY ACTIVITY

RAW WOOL

Spinning
spindles

Looms

Receipts at Boston

WHOLESALE PRICES

YEAK AND MONTH
Total

Domestic

Foreign

Imports
Wide

Narrow

Carpet
and
rug

Sets
of Combs
cards
Wool- Woren
sted

Worsted
yarn

Suit- Wholesale
ings
price

1/4
blood
combing
grease,
Ohio
and
Pennsylvania
fleeces

2/32's
crossbred
stock,
Boston

Wooldyed,
blue,
55/56" ,
Middlesex,
N. Y.

Wool
(Boston)

i

Territory
fine
staple,
scoured

'

RAW SILK

Japa- Imnese, ports
Kansai,
No. 1,
N.Y.

Relative to 1913
1913 monthly average. 100
1914 monthly average . 149
1915 monthly average. 191
1916 monthly average. 196
1917 monthly average . 225
1918 monthly average- 224
1919 monthly average. 213

100
118
112
127
130
113
132

100

100

228
391
371
468
506
419

171
272
296
278
299
294

100
99
97
115
116
113
95

100
107
100
125
122
115
99

100
96
106
118
109
88
84

1920 monthly average.
1921 monthly average.
1922 monthly average .
1923 monthly average.
1924 monthly average .
1925 monthly average.

122
152
193
185
139
136

65
89
118
90
124
82

266
315
383
429
176
274

171
212
248
260
177
224

87
92
91
111
92
92

96
88
89
104
85
88

99
75
113
121
97
106

1924
Januarv
February
March
April

161
96
202
90

88
40
92
74

347
240
488
132

244
314
325
234

97
95
95
88

92
91
91
72

111
112
107
95

May.
June
July
August

101
150
200
199

84
192
266
'242

145
42
30
89

150
130
48
68

91
82
78
78

85
78
69
75

September
October
November
December

101
83
122
157

110
82
91
123

78
87
200
243

96
132
131
252

88
98
102
104

1925
January
February
March
April

208
97
175
102

25
36
41
30

674
255
519 .
286

376
299
283
229

May
June
July
August

86
143
245
187

66
152
285
152

139
120
143
274

September
October
November
December

109
93
86
100

55
44
54
41

1936
January
February
March
April

159
167
240
207
194
161

..

May
June
July
August

100
97
106
114
119
115
105

100
100
101
117
117
112
108

100
97
110
117
121
117
108

100
105
100
122
115
109 .
107

100
107
125
153
279
2323
298

100

100

100

100

104
144
164
264
2304
256

82
101
135
201
272
210

94
101
128
204
262
260

102
91
134
151
172
244

100
90
109
120
127
142
162

97
116
118
127
104
100

87
94
112
119
110
109

100
111
107
124
89
91

291
149
219
247
249
246

204
104
172
204
212
220

235
152
182
223
218
221

271
183
201
234
237
237

227
166
198
226
163
174

116
153
171
181
177
225

111
120
• 126
116

117
122
118
101

112
116
119
114

98
104
99
91

240
247
247
239

208
216
216
212

219
219
212
212

239
239
239
239

202
189
171
155

186
147
97
154

80
72
76
84

114
108
98
93

80
68
69
89

107
102
93
93

77
65
60
69

233
225
228
239

196
176
176
192

212
206
200
206

239
233
233
233

132
137
148
167

151
127
160
175

81
89
98
96

96
105
115
112

in
117
117
117

112
128
125
120

112
118
116
119

91
106
103
105

253
260
282
295

212
228
244
280

212
225
238
251

233
239
239
239

149
158
170
174

228
206
222
270

102
100
94
91

98
95
93
93

115
119
126
112

117
118
120
113

116
114
100
87

114
116
119
113

102
100
89
82

293
289
277
249

276
272
252
216

245
245
232
225

245
245
245
245

167
171
160
164

233
185
200
174

177
162
165
273

88
86
81
84

81
81
71
78

108
103
96
100

110
104
101
104

75
83
84
100

110
108
103
103

73
72
73
88

218
230
240
230

180
200
208
204

225
225
219
212

233
233
233
233

170
175
174
178

219
190
219
207

245
218
167
251

150
189
199
183

92
96
99
93

84
92
93
88

96
94
101
99

108
103
105
103

103
114
117
112

106
106
105
99

95
108
101
96

225
232
232
228

200
204
216
220

212
212
206
200

233
233
233
233

182
183
180
187

295
254
239
283

35
38
86
66

476
498
633
569

357
280
380
258

89
84
83
79

86
85
84
85

100
103
103
93

97
96
99
95

110
110
103
95

94
91
95
94

96
101
95
84

225
221
212
202

216
212
192
176

200
200
193
187

233
233
227
227

184
183
166
151

239
243
177
211

102
168

429
144

191
106

76
76

78
78

84
85

92
95

88
88

91
92

77
80

198
193

168
168

180
180

227
213

158
162

162
170

89 ,
91
113
125
111
109

September..
October
November..
December




1

For numerical data and complete explanation of sources, etc., see Tables 7, 5, and 11.

2

Six months' average.

133
Table 113.—INDEXES OF PETROLEUM AND PIG IRON
PRICES, REFINED OILS IRON
ORE

CRUDE PETROLEUM

PIG IRON

Production

Price,
Kan- Oil MexiTotal
Pro- st'ks, Im- sas- wells
can
duc- end ports Okla- com- shiption
of
koma pleted ments
11)0.
at
wells

YEAR AND
MONTH

Gaso- Keroline sene
oil,
mo- 47°,
tor, water
N.Y. white

Fuel Lub.
oil,
oil,
Okia- 600°,
24-26, steam
ref.
at
refin. Penn.
field

Furnaces in
blast, end
of month

Shipments
from
Mer- Furmines Total chant
iron naces

Wholesale prices
Foundry

Com-

Ca- No. 2 Basic posite
pac- north- valley
furern
ity
pig
(Pitts- nace iron
burgh)

Relative to 1913
1913 monthly average. 100
1914 monthly average. 107
1915 monthly averaee. 113
1916 monthly average. 121
1917 monthly average. 135
1918 monthly average. 143
1919 monthly average. 152

100
118
139
138
128
112
119

100
97
102
115
169
212
297

100

100
87
48
98
87
93
110

100
82
127
154
213
246
337

100

86
62
135
190
235
244

100
73
57
97
169
209
124

100
79
56
78
114
175
229

100
65
94
132
127
124
96

100
75
97
127
124
126
100

100
74
86
122
123
115
86

100
70
86
119
126
131
90

100
74
99
127
127
130
97

100
87
93
132
259
215
189

100
88
93
134
265
221
188

100

141
144
146

100
95
81
92
131
175
188

119
45
87
120
87
110

119
54
87
130
101
118

109
33
63
107
83
88

107
39
68
103
76
81

116
49
89
130
101
119

280
157
168
176
141
135

287
148
164
175
137
133

284
156
163
176
142
138

99
88
105
102

93
99
101
86

121
129
133
115

151
155
155
147

144
150
149
147

150
156
155
152

88
92
132
259
222
194

1920 monthly average.
1921 monthly average.
1922 monthly average.
1923 monthly average.
1924 monthly average.
1925 monthly average.

178
189
224
295
287
304

143
171
265
311
369
290

610
704
715
461
437
348

364
182
193
154
155
179

127
77
91
85
76
8£

594
699
724
563
521
393

174
155
149
123
107
114

242
138
137
136
131
127

291
76
105
103
106
122

425
123
112
121
199
189

1924
January
__
February
March
April ..

277
270
290
289

348
352
355
361

425
439
579
492

133
162
179
186

49
57
68
90

459
547
617
593

98
119
118
119

140
147
135
130

121
128
119
107

181
203
221
227

8

118
120
135
126

May
June
July
August

299
288
299
301

366
370
374
380

498
449
438
395

186
166
166
147

104
96
100
87

577
505
504
471

119
119
116
112

123
118
117
117

92
87
87
87

207
189
181
169

80
93
89
82

102
79
70
74

91
69
59
63

69
60
54
56

92
74
66
75

141
134
130
131

139
134
129
129

146
137
130
131

September
October
November
December

292
292
274
277

384
381
379
374

361
328
448
394

141
134
130
128

71
67
63
62

460
472
526
520

104
83
88
89

135
134
134
137

102
104
113
130

183
190
198
231

75
68
25
(2)

80
97
98
116

72
82
81
78

65
68
76
85

86
97
106
117

135
133
133
143

129
129
130
142

132
132
134
145

1925
January
February
March __
April
_

287
261
292
297

296
295
294
294

473
376
430
365

138
186
193
193

55
62
68
98

510
474
542
445

101
125
122
119

134
136
133
126

148
147
126
114

229
235
220
184

26

132
126
139
127

90
90
100
99

94
95
91
82

132
138
134
123

151
148
143
137

149
150
145
137

151
151
148
141

May
June
July...
August.

329
322
325
323

297
296
294
289

437
347
289
273

193
193
193
184

105
107
113
99

475
413
391
303

113
128
131
120

122
122
117
117

101
104
100
115

183
203
188
164

101
97
104
104

114
104
104
106

83
74
83
77

73
71
71
72

107
103
103
105

131
125
127
127

128
123
122
122

134
128
128
128

313
311
297
294

287
284
283
278

271
294
330
294

171
171
170
166

94
89
74
72

320
307
281
256

101
101
101
101

120
125
129
142

116
117
135
139

156
162
160
178

90
85
52
(2)

106
118
118
127

82
87
90
96

75
77
82
87

112
116
123
128

128
131
138
139

124
127
135
136

130
134
142
144

288
264
293
290

278
274
274
273

316
249
486
398

166
193
193
193

73
71
82
89

315
320
416
351

101
104
107
112

146
154
160
160

139
131
134
153

188
184
165
157

(2)

130
114
134
135

95
86
104
103

84
84
88
88

124
125
136
137

139
139
139
130

136
136
136
127

145
145
144
140

301

271

290

203
219

95

120
125

203
203

148
136

149
148

75
107

136
126

105
90

85
82

132
126

129
123

125
122

137
134

_.

i

September
October
November
December

1936
January
February
March
April...

._

May
June
July
August

September
October
November
December

_

1
1

For numerical data and complete explanation of sources, etc., see Tables 13, 27, 28, and 29.




2

Relative number less than 1.

134
Table 114.—INDEXES OF STEEL
STEEL
INGOTS

YEAR AND MONTH

COMMERCIAL
STEEL CASTINGS

Production

Total
bookings

U. S. STEEL
CORP.

UnBail- Miscellanefilled
road
ous
orders,
speend of
cialties bookings
month

Earnings

FABRICATED
STRUCTURAL
STEEL

WHOLESALE PRICES

Steel Strucbillets, tural
steel
Bessemer
beams
(Pitts- (Pittsburgh) burgh)

Bookings
Iron
and
steel

Composite
steel

IRON AND
STEEL

Quantity

Ratio
to capacity

Exports,
selected
items

Imports,
total

Relative to 1913
1913
1914
1915
1916
1917
1918
1919

monthly average. ..
monthly average. _ _
monthly average. ..
monthly average...
monthly average.. .
monthly average.. .
monthly average.. -

1920
1921
1922
1923
1924
1925

monthly
monthly
monthly
monthly
monthly
monthly

average...
average.. .
average...
average.. .
average. ..
average.. _

100
75
103
137
144
142
111

100
76
112
177
155
192
77

100
77
109
198
125
174
50

100
76
116
157
182
208
103

100

100

100

10O

100

100

100

52
95
243
215
145
105

100
78
87
170
274
183
157

100

70
88
165
181
146
101

83
93
177
269
202
174

87
94
154
266
215
191

88
95
163
259
220
193

100
143
146
132
130
127

100
140
138
120
112
106

56
128
220
235
194
160

135
63
114
144
122
146

137
52
135
155
136
131

120
44
141
146
145
114

154
59
129
164
128
148

170
90
96
102
68
73

129
68
74
131
111
120

218
134
132
161
147
137

187
131
115
160
153
133

249
155
144
169
155
147

211
156
134
172
165
156

134
88
173
175
193
215

108
70
128
130
138
148

180
80
61
59
54
49

100
90
89
98 i

102 ;
53
101
138
38
229
226
150
264

|

1934
January
February
JVTarch
April

145
152
167
133

112
150
202
148

97
153
249
159

127
148
158
139

81
83
81
71

129
142
167
140

155
155
155
155

166
166
166
162

164
165
164
161

176
176
174
171

201
204
195
184

144
146
140
132

94
60
46
46

98
139 i
137
165

May
June
July
August

105
82
74
101

128
108
87
82

138
122
82
72

118
95
92
90

61
55
54
56

117
104
91
88

149
147
147
146

157
153
146
142

157
154
151
150

166
165
163
160

167
181
193
167

120
130
138
120

56
51
48
51

178
201
96
150

September
October
November
December

112
124
124
141

128
139
152
195

126
137
177
226

129
141
129
167

59
60
68
82

89
107
78
84

141
139
138
140

136
129
126
131

148
147
. 148
153

158
156
156
160

184
184
232
218

132
132
166
156

48
58
42
45

137
140
115
< 247

166
149
166
142

173
134
132
130

180
128
108
108

166
139
155
151

85
89
82
75

114
108
127
117

144
144
142
138

139
136
139
136

156
156
155
150

161
165
160
159

166
168
200
221

114
116
138
152

51
34
55
53

275
223
318
247

May
June
July
August

137
127
122
136

112
110
119
111

83
84
96
84

139
133
140
137

69
63
60
59

121
118
122
126

137
136
136
136

132
132
132
128

146
143
142
142

156
154
153
152

198
250
235
227

136
172
162
156

49
44
48
64

234
288
191
215

September.. __
October _
November
December

138
154
155
157

104
130
145
176

75
96
139
184

130
162
151
168

63
70
78
85

123
128
124
118

136
133
135
136

129
129
129
129

142
143
147
149

152
152
153
154

232
259
206
215

160
178
142
148

47
43
56
48

230
261
266
323

1936
January
February
March
April

164
151
178
163

185
163
183
152

187
149
161
97

184
176
204
203

83
78
74
65

121
126
148
137

136
136
136
136

129
129
129
129

149
148
148
147

154
153
153
153

171
174
198
209

118
120
136
144

66
57
62
71

271
349
316
371

156
149

138
119

113
58

161
176

62
59

141
140

136
136

129
123

145
143

152
152

221
218

152
150

61
58

347
406

1935
January
February
M^arch
April-

MayJune
July
August

.

September
October
November
December
1

For numerical data and complete explanation of sources, etc., see Tables 14 and 15.




135

Table 115.—INDEXES OF NONFERROUS METALS

Stocks
YEAK AND
MONTH

Deliveries

World
visible

U.S.

LEAD

ZINC

TIN
Imports- Price,
ig
bars,
blocks,
etc.

*J! T.

COPPER

Ore
Retorts ProOre
Price,
Price,
shipin oper- duction Stocks ship- prime
pig,
ation, (total at re- ments, west- ments, desilpri- fineries
Joplin ern, St. Joplin verized,
end of
month mary)
district Louis district N. Y.

Production
Mine

Price,
Exingot,
ports, electroSmel- refined
ter

K'.

Relative to 1913

1913 mo. a y _ _ _
1914 mo. a v _ _ _
1915 ino. av.._
1916 nio. av___
1917 mo. av...
1918 mo. av...
1919 mo. av___

100

100
120
123
150
152
112
104

100
83
108
173
118
15
84

100

86
111
128
132
133
74

1920 mo. av._.
1921 mo. av._.
1922 mo. av___
1923 mo. av___
1924 mo. av___
1925 mo. av._.

116
59
131
160
146
174

159
159
191
176
172
158

172
122
129
138
174
150

1924
January
February
March
__ _
April

134
242
125
207

197
176
188
154

May ___
June
July
August

143 ,
118
107
131

September
October
November
December

100
102
141
193
193
149
132

100

10O

100

100

49
35
43
132
101
92

90
108
128
142
126
148

92
237
230
159
143
127

87
95
109
126
142
147

100
88
106
157
201
170
132

100
93

143

100
89
148
194
129
116
95

110
47
117
135
127
149

109
65
72
94
112
128

85
35
54
80
73
82

138
62
108
153
155
170

99
196
89
49
96
39

198
109
189
243
255
283

139
85
104
120
115
139

182
144
197
189
210
271

146
171
93
224

135
215
82
239

109
119
123
112

75
75
74
78

172
152
165
156

100
91
79
81

208
243
353
220

117
123
118
111

159
162
163
172

211
211
262
179

118
96
113
79

99
96
103
116

77
71
68
68

165
150
149
145

104
122
130
125

251
192
194
308

136
139
158
112

163
153
169
203

206
125
108
147

122
105
98
123

110
113
122
126

67
68
73
77

141
147
148
165

112
95
66
52

1925
January
February
March
April

196
197
194
182

185
191
159
146

228
205
269
120

204
143
188
109

130
128
120
116

81
83
82
82

174
162
178
169

May
June
July
August

134
169
177
178

169
160
160
162

73
106
125
189

90
164
158
182

121
124
128
128

82
78
78
81

September
October
November
December

174
166
155
168

143
127
147
146

120
128
99
138

126
150
107
175

127
137
140
140

1926
January
February
March
April

201
171
187
194

136
131
115
125

109
176
129
70

165
152
157
139

155
189

146
128

90
125

144
169

May
June
July
August. _.

87
97
147
135
124
78

100
278
87
98
140

120
162
153
155
98

94
113
157
154
156
105

100
91
73
83
120
79
55

10O
89
113
178
178
161
122

182
104
131
166
185
206

99
38
80
120
128
136

99
47
92
136
147
155

67
68
79
88
119
114

114
82
88
94
85
92

205
178
244
185

182
196
206
189

129
128
127
128

148
145
146
139

91
116
128
128

81
83
89
87

105
105
107
112

196
150
129
238

166
161
163
179

127
124
126
130

148
147
145
143

128
120
102
106

84
81
81
87

234
274
333
246

112
115
124
134

196
236
308
254

183
189
199
211

124
134
133
131

146
159
147
148

128
118
134
125

85
85
89
93

47
41
42
45

283
282
262
240

141
136
133
127

338
269
245
245

233
216
204
183

145
134 '
145
137

162
153
171
155

129
83
163
138

96
95
92
87

172
159
165
166

52
56
51
42

298
262
238
314

126
127
131
138

242
254
197
271

183
190
186
210

137
136
133
132

151
150
150
143

147
137
136
99

87
88
91
95

82
85
85
90

164
175
175
186

29
18
17
23

293
340
309
278

141
151
157
156

272
244
345
332

218
218
223
213

132
138
131
135

150
162
154
155

89
80
79
93

94
94
94
91

139
142
143
140

91
83
85
85

195
184
188
185

35
50
51
64

320
322
300
270

151
141
133
127

302
310
253
212

212
209
192
182

138
132
147
143

154
148
158
168

87
79
102
116

91
92
91
90

136
132

- 82
73

186
167

74
63

287
233

124
129

271
180

177
184

143
137

170
154

94
110

89
89

*

100

•

September
October
November
December
* For numerical data and complete explanation of sources, etc., see Tables 23 and 24.




1

Eleven months' average, August missing.

136
Table 116.—INDEXES OF COAL
ANTHRACITE

BITUMINOUS

Production

YEAR AND MONTH

Exports

Production

Prices

Prices

Consumption
by
vessels

COKE

Wholesale,
Mine KanaRetail,
averChiwha,
age
cago
f.
o.
b.
(spot)
Cincinnati

Production

Exports

Whole- Retail,
sale,
chest- chestnut,
nut,
New
New
York
York

Beehive

Byproduct

Price

Exports

Conncllsvilie

Kelative to 1913

i
1913
1914
1915
1916
1917
1918
1919

monthly average
monthly average
monthly average
monthly average
monthly average- _
monthly average
monthly average. _

100
88
93
105
115
121
97

100
77
93
105
120
111
100

100
94
97
102
89
72
94

100
93
91
150
264
210
211

100

100
102
102
101
144
136
143

100
99
97
96
109
108
96

100
92
85
100
129
107
107

100
100
100
105
112
129
156

100
100
103
105
121
132
155

100
69
82
106
99
91
59

100
88
111
150
176
204
198

100
68 1
91
120
144
172
73

100

100
100
122
208
177
187

1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average
monthly average
monthly average- _
monthly average- _

119
87
88
118
101
109

191
115
62
106
85
87

121
98
53
59
52
56

459
207
295
224
169
167

266
207
237
196
156
155

176
178
198
192
169
180

98
99
60
102
96
68

116
101
57
110
86
68

179
198
200
205
214
8211

177
194
197
204
201
4
207

62
17
24
58
31
32

242
155
224
296
267
315

94
32
52
126
67
97

442
. 149
290
224
148
168

132
119
104
76

71
85
76
64

50
52
47
54

181
183
175
168

166
166
154
154

181
181
178
168

101
97
104
87

79
87
89
71

216
216
216
207

208
203
206
194

44
46
51
41

292
281
304
284

73
74
73
52

165
172
171
155

81
79
84
90

85
95
109
93

58
53
54
49

166
165
161
162

154
154
154
154

163
163
163
163

99
98
99
91

79
100
84
73

208
210
212
214

195
196
197
198

29
21
17
17

265
229
224
231

55
66
67
58

140 [
132
121
123 j

106
121
106
116

100
102
65
73

49
55
45
55

165
171
167
167

154
154
154
154

163
171
169
169

97
98
87
94

94
105
82
93

216
216
216
221

203
203
203
207

20
24
24
34

240
274
276
308

58
77
78
77

128
128
132
165

130
98
94
85

65
55
61
59

51
46
49
55

170
166
161
159

154
154
154
154

177
177
176
175

95
92
90
96

86
84
58
66

221
221
206
203

206
207
207
196

42
38
38
29

322
295
326
313

86
84
90
73

190
167
144
130

89
93
99
113

91
96
110
120

62
61
64
69

160
159
158
166

154
154
154
154

168
171
171
173

104
100
109
118

94
91
134
138

205
206
208
210

196
198
199
201

24
21
19
22

310
298
299
299

81
68
88
88

128
119
119
131

117.
133
127
132

109
83
99
93

56
55
53
53

176
174
185
176

159
154
154
154

185
187
201
197

1
1
2
3

47
13
9
2

212
212
213
C2^

216
244
t2)
(2)

27
36
43
47

301
321
334
355

115
97
119
179

152
268
282
182

135
117
116
101

66
'68
76
73

51
48«
66
62

177
170
163
156

159
154
154
154

197
194
187
174

2
27
115
108

2
11
. 86
85

(2)
216
216
216

(2)
(2)
219
209

49
50
41
35

359
331
357
340

112
93
119
75

300
322
134
128

98
105

101
143

68
81

157
154

154
154

169
169

106
117

95
112

216
216

208
208

32
29

351
341

110
104

121
116

January
February
March
April

1934
_
*

May
June
July
August
September
October November
DeCfimbftr

74
73
133
338
245
194

1935
January
February
March _
April

_

May
June
July.
August

,.

September
October
November
December

_

1936
January _
February
March
April

May
_
June
July
August

_

_
_

_

_

September
October
November
"Dpcftmbftr
1 For numerical data and complete explanation of sources, etc., see Tables 12 and 14.
2
No quotation. 8 Eleven months' average, December missing. 4 Ten months' average, November and December missing.




137
Table 117.—INDEXES OF RUBBER AND LEATHER
CRUDE
RUBBER

Wholesale
prices

Imports

YEAR AND MONTH

LEATHER

HIDES AND SKINS

Im- Wholesale
ports price,
(inPara
elud- Island, Total
hides
ing
and
New
latex) York
skins

Green
salted,
packers'
Calf- Cattle Goat- Sheep- heavy
skins hides skins skins native
steers
(Chicago)

Calfskins,
country
No.l
(Chicago)

Sole and
belting

BOOTS AND SHOES

Wholesale
prices

Upper

Price,
Price,
Men's Men's
sole,
chrome Ex- black dress
oak,
calf,
ports
calf, welt
Ex- scour- Ex"B"
blu- tan
ports
ports grade
ed
calf
cher
backs
(Bos(St.
(Bos(Boston)
ton)
Louis)
ton)

Relative to 1913
100
123
191
233
350
281
462

100

100

100

100

100

85
88
116
99
70
149

97
110
149
123
77
125

107
132
142
178
164
214

100
166
259
289
140
86
392

1OO
105
112
143
185
177
204

100
77
101
120
70
44
192

100
1C4
106
167
215
222
360

100
98
168
193
147
131
211

100

138
183
181
166
99
182

100
111
114
179
215
197
363

100

112
130
146
127
73
150

100
88
64
82
39
10
84

100

76
69
83
80
68
60

102
105
119
153
181
244

104
106
127
180
178
245

489
358
582
597
637
768

41
23
23
31
26
71

102
70
111
107
72
73

46
63
73
64
54
38

123
81
145
131

89
70
90
96
58
91

121
67
90
112
85
90

172
76
98.
90
80
87

195
79
85
83
97
107

72
46
50
56
72
62

191
122
116
114
101
109

82
40
76
70
79
• 88

366
193
164
163
168
174

167
89
53
73
62
65

288
225
209
207
201
205

257
195
150
153
154
162

508
731
481
881

25
24
21
21

54
70
74
84

41
57
52
47

57
70
85
94

44
68
67
82

70
94
94
121

78
86
76
66

83
96
100
85

52
65
52
85

98
98
103
103

61
67
80
104

163
171
171
171

45
60
62
68

201
201
201
201

153
153
153
.153

644
519
452
505

21
20
21
26

77
60
69
67

53
45
68
61

86
51
85
81

80
59
50
43

88
107
60
86

65
68
71
85

88
91
95
103

87
60
86
80

103
95
95
98

104
78
70
71

171
160
160
171

90
61
54
61

201
201
201'
201

153
153
153
153

September
October
November
December

622
905
782
613

28
33
35
39

66
64
80
94

66
54
45
56

73
75
119
123

40
52
46
68

89
80
59
74

87
88
95
95

105
103
107
111

70
74
72
84

99
99
104
107

76
85
79
74

171
171
171
178

57
66
59
68

201
201
201
201

153
154
158,
158

1925
January
February
March.
April

763
573
767
754

39
38
43
42

83
74
87
99

35
38
46
40

100
82
76
112

99
98
112
96

80
61
141
155

92
89
80
77

114
114
108
98

79
67
72
40

114
116
116
111

98
76
95
76

186
186
186
178

61
55
83
83

204
204
206
206

158
160
163
163

857
746
753
775

52
77
102
82

63
88
69
69

35
54
41
62

54
91
68
49

83
99
85
94

98
116
84
113

78
80
90
96

97
106
115
113

62
53
46
66

109
107
103
103

75
81
84
76

171
171
171
171

83
66
58
54

206
206
206
206

163
163
163
163

DfiHfimbfir

612
804
876
935

73
96
106
95

65
49
67
60

31
28
20
22

69
48
86
59

82
70
83
95

70
57
51
57

96
95
89
85

105
106
105
102

63
71
44
82

103
103
105
103

89
90
/89
124

171
171
171
171

48
61
66
66

206
206
206
206

163
163
163
162

1936
January
February
March _ .
April

984
762
978
801

75
65
56
49

75
77
82
81

40
44
52
58

70
87
75
78

100
87
122
107

103
66
80
91

82
71
66
62

102
97
90
88

41
43
* 54
51

103
103
103
103

95
93
110
112

171
171
171
171

56
49
48
78

206
206
206
206

158
158
158
158

690
578

47
43

76
86

45
75

73
70

117
115

68
T12

70
72

89
89

42
57

100
96

96
90

167
167

63
55

206
206

158
157

1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av
monthly av
monthly av
monthly av
monthly av
monthly av

1920
1921
1922
1923
1924
1925

monthly av
monthly av.._.
monthly av
monthly av
monthly av
monthly av

1924
January
February
March
April
May
June
July _._
August

._

__

May

June
July
August.
September
October
November

May.
June
July
August

September..
October
November
December
1

_.__

83

.
75*

•

_
__

For numerical data and complete explanation of sources, etc., see Tables 30, 31, 32, and 33.




138

Table 118.—INDEXES OF LUMBER AND PAPER1

YEAR AND MONTH

PRODUCTION

EXPORTS

PRICES

NEWSPRINT
PAPER

OAK FLOORING

Douglas fir Yellow
pine Doug- Yellow All
lumAH
ber,
floor- las fir pine species species
ing
No. 1
com.

Production

UnShip- Orders Stocks
end of filled
ments booked month
orders

Imports

WOOD PULP
Mechan.

Prices,
Exroll,
ports f. o. b.
mills

Imports

Chemical
ImP°rts

Mf
phitej

Relative to 1913

!

i

1913 monthly av
1914 monthly av
1915 monthly av
1916 monthly av
1917 monthly av
1918 monthly av
1919 monthly av

100
86
86
113
172
198
276

1OO
93
88
98
137
147
239

100
83
41
41
42
40
45

100
64
47
49
33
30
44

100
69
43
42
39
40
51

100
96
95
103
97
85
94

100
112
138
173
167
73
151

100
114
148
191
174
92
184

100
122
156
187
147
78
193

100
151
163
213
243
244
137

100
104
104
222
275
100
206

100
144
168
213
254
271
286

100
141
128
178
217
224
255

100
100
* 99
131
162
165
188

100
129
104
156
166
110
120

100
122
106
113
107
105
116

100
97
95
171
216
172
158

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

325
129
166
211
187
180

234
156
197
207
182
202

67
67
91
77
95
88

65
44
48
66
69
70

60
47
59
67
75
75

94
80
103
114
110
119

161
186
343
451
522
647

130
226
398
431
588
713

104
230
389
472
588
631

245
312
218
319
415
447

155
165
454
608
639
714

332
360
468
595
617
659

106
39
60
38
40
53

290
242
178
188
186
198

138
114
128
178
150
178

180
143
279
29S
342
358

295
157
115
133
116
121

1

1934
January
February
March
April

212
212
201
190

192
193
191
189

198
100
90
78

51
67
68
63

101
73
71
69

101
110
115
119

451
435
489
508

517
507
508
540

690
470
426
424

366
363
385
424

776
728
704
631

587
564
665
611

47
39
36
44

188
188
188
188

126
126
161
132

2S5
399
278
202

117
118
118 j
118

May
June
July
August

190
179
179
174

181
171
167
172

95
64
77
76

68
63
85
70

73
64
72
70

120
111
102
115

566
493
510
527

635
561
552
659

505
505
706
800

472
476
463
428

565
495
574
690

618
636
612
602

39
52
28
41

188
188
183
183

95
94
129
152

266
281
368
388

118
117
113
113

September
October
November
December

174
179
179
179

173
175
184
193

97
81
82
105

69
73
58
81

74
73
81
74

111
114
105
98

541
633
555
554

633
707
594
577

554
568
755
653

404
390
397
416

623
494
657
732

589
623
614
684

25
47
40
37

183
183
183
183

175
218
178
209

425
434
350
425

113
113
115
118

1935
January
February
March
April

212
201
201
190

204
205
204
198

94
58
108
94

61
70
75
95

70
63
82
85

112
110
120
121

626
573
623
651

579
581
675
739

554
549
589
610

483
501
499
491

738
722
644
650

615
606
698
675

44
52
28
54

179
179
179
179

161
197
135
155

457
335
386
286

118
118
117
117

May
June
July
August

190
179
179
190

196
192
194
197

75
114
74
61

85
79
80
49

74
85
73
61

122
125
117
127

619
625
660
693

702
727
799
815

711
754
818
891

486
508
428
390

698
688
738
821

674
693
641
561

60
87
27
43

179
197
179
179

233
216
167
213

325
358
346
343

117
120
120
120

September
October
November
December

179
179
179
168

201
206
210
216

88
109
69
138

53
59
73
63

64
79
69
93

127
129
113
109

688
742
628
632

759
827
654
696

655
657
681
775

364
379
410
424

724
615
694
839

604
792
681
666

52
50
82
54

179
179
179
179

177
235
251
232

357
377
354
374

120
123
126
130

1926
January
February
March
April

168
174
179
179

215
216
204
208

98
109
140
110

54
54
62
69

72
73
87
80

103
112
125
118

677
667
714
729

691
628
725
716

564
547
692
659

457
516
543
594

743
681
621
583

690
727
865
920

69
39
41
66

167
167
167
167

181
164
175
113

404
321
318
329

133
133
133
133

179
179

199
194

126
116

57
60

80
82

122

629
660

701
766

678
742

572
567

570
573

736
890

54
42

167
167

137
186

341
439

133
133

May
June
July
August

._ _

September
October
November
December
* For numerical data and complete explanation of sources, etc., see Tables, 35, 38, 41, and 44.




139
Table 119.—INDEXES OF GRAINS AND BUILDING MATERIALS1
BYE

BARLEY
YEAR AND
MONTH

Receipts

OATS

VisiWhole- ReEx- WholeExble
Resale
sale
sup- ports 2 prices
ceipts
ceipts ports 2 prices
ply

Visible
supply

PORTLAND CEMENT

GRAINS BRICK

Ex- WholeExsale
ports
ports prices

Wholesale
price,
common
red,
N. Y.

Wholesale
price, net,
Stocks
ProShip- at end without bags
duc- ments
of
tion
month Chi- Lehigh
cago Valley
district mills

Relative to 1913

mo. av. 100
mo. av.
82
93
mo. av.
104
mo. av_
mo. av.
76
mo. av.
68
mo. av.
86

100

100
38
151
128
102
130
231

100
98
113
139
210
207
195

100

100
121
172
175
294
305
241

100
107
109
132
120
137
93

106
89
132
103
99
100

100
7
298
291
310
'358
184

10O

127
140
150
148
215
308

100
123
736
854
792
879
2,183

100

104
81
100
96
89
173

112
132
121
170
206
186

100
67
191
168
149
171
173

100
84
92
122
135
182
243

100
96
93
99
101
77
87

100
97
98
106
102
80
97

100
114
101
99
99
84
87

100
89
94
118
153
166
106

10O
100
89
116
157
197
196

1920 mo. av.
1921 mo. av.
1922 mo. av.
1923 mo. av.
1924 mo. av.
1925 mo. av.

42
37
37
43
57
61

68
58
40
47
50
79

102
147
105
67
101
163

202
102
101
105
131
135

287
199
414
285
418
192

3,195
1,622
2,571
1,721
1,988
1,554

294
191
139
118
144
178

86
86
92
97
107
94

77
222
215
86
134
256

45
22
99
32
23
103

212
103
106
117
136
124

169
222
201
109
129
100

333
232
265
302
260
224

108
107
124
149
162
175

108
107
131
153
164
177

65
91
85
82
117
143

180
153
159
170
172
171

230
208
194
211
197
197

1933
September..
October
November..
December _ .

80
67
50
64

58
66
63
65

141
98
18
26

105
108
105
110

413
265
273
157

1,673
352
633
774 '

110
113
111
110

128
139
88
97

81
97
87
93

41
38
39
37

110
117
118
120

143
108
75
86

305
290
274
290

171
174
164
130

185
193
139
87

49
41
62
97

173
173
166
163

214
214
200
197

1924
January
February...
March
April
..

32
37
33
31

50
35
32
17'

20
42
66
48

113
118
120
128

140
150
130
74

530
259
235
1,385

114
113
108
104

78
91
81
67

82
83
77
50

21
16
11
6

126
131
128
130

82
73
73
66

305
305
305
305

115
112
135
153

70
80
122
173

126
150
162
153

170
173
173
173

197
197
197
197

Mav
June
July
August

24
44
17
42

15
9
6
17

31
35
72
96

122
124
133
136

192
129
383
366

1,290
2,408
859
966

106
115
135
144

66
68
51
133

32
28
17
58

5
6
8
7

130
133
150
140

56
76
53
120

305
305
244
206

180
176
183
197

197
203
225
228

146
133
110
95

173
173
173
173

197
197
197
197

September..
October
November..
December..

154
136
80
60

94
104
109
109

134
364
185
119

139
145
138
150

1,104
1,368
690
294

7,470
7,050
854
552

160
200
206
221

269
189
70
95

221
311
314
336

22
91
45
39

132
139
140
159

261
353
200
138

213
213
206
206

189
190
171
136

228
231
139
74

75
54
80
124

173
173
173
166

197
197
197
197

1935
January
February __.
March
April

55
46
37
22

78
77
76
55

104
60
59
64

156
159
147
140

165
218
64
116

779
609
1,321
6,935

249
248
132
176

113
68
62
56

339
334
2195
223

33
28
33
30

159
152
131
121

84
72
103
127

221
221.
206
206

115
108
144
180

70
81
139
195

157
177
182
177

172
173
173
173

197
197
197
197

May
June
July
August

29
37
34
132

36
33
22
67

110
46
133
312

142
142
141
129

352
69
31
150

3,739
1,050
2,448
668

187
171
154
168

57
84
80
234

164
164
122
239

129
79
142
234

129
135
126
110

121
79
114
122

229
236
236
234

202
200
204
214

226
237
245
249

164
146
124
107

173
173
173
173

197
197
197
197

September..
October
NovemberDecember..

166
71
53
48

120
112
128
145

623
208
171
66

120
119
114
115

513
255
201
173

680
82
40
61

139
132
135
165

141
91
68
75

305 ,
302
300
291

208
157
81
82

106
107
107
112

148
87
71
73

225
225
225
225

208
208
178
139

240
207
138
94

91
98
130
164

173
168
163
163

197
197
197
197

1936
January
February. -_
March
April

33
29
33
28

139
158
106
88

54
21
30
50

112
112
106
110

117
84
80
80

127
120
238
919

152
152
133
140

72
54
56
67

289
270
245
213

48
29
27
101

114
110
113
113

61
43
52
66

244
259
259
259

103
101
135
162

77
79
129
175'

183
200
207
202

168
168
168
168

197
197
197
197

34
34

66
56

68
93

110
108

105
93

2,077
700

133
143

60
65

175
169

108
82

111
108

105
86

259
259

215
219

243
257

189
169

168
168

197
197

1913
1914
1915
1916
1917
1918
1919

May
June _
July
August

|

September
October ...
November..
December..
1

For numerical data and complete explanation of sources, etc., see Tables 49, 50, and 61.


2

Fiscal years beginning July 1 of year indicated.

140

Table 120.—INDEXES OF CHEMICALS, OILS, AND SANITARY WARE

Imports

ENAMELED SANITARY
WARE

VEGETABLE OILS

CHEMICALS

Total vegetable oils

Exports

YEAR AND
MONTH
Total
SulNiPot- trate
phu- fertilash of soda ric
acid izer

Exports

Cottonseed
oil

Flaxseed
Oleomargarine

ProIm- Wholesale ducports price
tion

Linseed
oils

Minneapolis and
Duluth

Orders shipped

Linseedoil
cake

ConRe- Ship- Stocks Shipments
from
sump- ceipts
ments
tion
Minneapolis

Baths

MisLavato- Sinks eellaneries
ous

Relative to 1913
100
99
99
105
161
227
245

100
56
50
68
43
44
38

100

100

100

100

69
57
62
61
53
61

100
107
118
128
83
49
87

100

75
35
50
35
9
6

100
78
65
70
73
61
66

100

30
23
36
24
21
14

104
117
137
94
68
96

108
132
139
91
62
102

110
93
130
70
74
90

248
147
127
157
102

253
148
126
159
162
160

49
42
37
74
116
98

17
29
20
28
121
79

33
70
10
19
27
46

52
54
54
71
72
89

40
50
36
57
58
80

129
104
188
227
240
277

108
122
192
231
231
267

113
124
178
214
225
242

98
107
144
184
224
197

152
139
135
139

204
190
185
169

201
199
197
169

28
17
17
16

27
28
25
22

26
17
11
9

90
74
80
59

82
52
53
29

240
247
293
259

272
276
313
268

258
257
295
244

236
239
280
251

354
273
163
224

135
144
167
193

147
127
128
131

147
118
127
134

25
20
20
15

21
17
13
12

9
4
3
2

41
43
41
28

23
34
35
31

254
213
244
259

232
205
195
218

237
210
206
217

248
219
214
224

4
9
34
34

216
191
260
250

150
155
151
158

159
166
141
166

170
162
144
169

185
518
428
102

139
494
541
125

39
82
70
52

58
122
118
111

53
97
98
104

263
236
188
185

216
221
180
176

207
215
171
187

239
227
161
149

55
65
79
72

33
17
19
9

278
246
370
274

154
148
154
153

158
143
163
157

161
134
170
144

75
43
39
25

40
34
31
20

44
35
26
21

97
95
97
92

104
99
69
52

236
234
266
271

259
258
255
258

238
227
235
254

229
206
226
238

83
82
44
55

103
79
100
78

11
19
9
12

232
276
210
221

' 147
148
158
156

145
127
131
142

156
122
124
144

37
41
38
71

27
16
29
48

17
21
19
10

88
83
62
72

41
52
48
81

282
297
337
325

256
274
311
294

243
248
254
253

238
204
193
186

109
93
142
82

59
47
51
72

92
73
54
105

14
28
33
33

150
244
278
327

147
136
140
146

160
214
217"
.200

169
216
211
207

283
279
178
70

157
207
283
62

82
111
83
80

91
117
96
78

83
113
117
108

308
320
217
234

293
295
221
227

262
273
198
216

180
184
145
141

127
115
174
111

199
300
330
238

123
83
164
127

50
78
89
92

26
24
16
16

270
270
215
275

156
155
166
171

187
171
185
164

181
181
179
173

25
19
27
24

25
34
23
25

68
58
46
39

82
69
73
73

88
67
35
30

227
208
257
260

239
220
255
243

215
183
228
219

165
146
176
165

52
27

111
• 23

140
56

97
76

6
3

193
271

200
215

146

141

32
34

15
10

41
44

67

27

293
306

262
282

238
242

174
178

100
87
123
195
247
295
65

100

100
71
26
27
24
16
45

100
61
109
58
41
36
61

2100

136
802
686
656
829
220

2172
2305
2316

91
94'
147
212
277
332

67
39
90
86
87
98

211
59
86
142
159
178

229
132
129
85
116
78

98
62
65
76
74
80

58
76
24
16
14
20

2334
2133
249
245
316
259

212
108
140
155
151
151

116
112
101
48

305
287
222
140

71
105
75
127

71
72
61
78

16
13
16
12

373
499
484
509

43
24
46
43

141
72
97
118

233
119
79
106

105
59
82
73

10
7
8
7

September...
October
November
December

87
137
125
145

130
135
126
114

155
105
104
117

64
85
65
76

1925
January
February
March
April..

104
126
121
92

172
182
378
298

126
116
88
110

May
June
July.August _

35
62
116
94

259
113
132
177

September. _.
October
.
November.-.
December

132
78
88
121

1926
January .
February
March
April

1913
1914
1915
1916
1917
1918
1919

mo. a v _ _ 100
mo. av__
79
mo. av__
28
mo. av__
mo. av__
4
mo. av__
7
mo. av__
23

1920
1921
1922
1923
1924
1925

mo. a v _ _
mo. av__
mo. av__
mo. a v _ _
mo. av__
mo. av__

1924
January
February
March
April
May._
June
July
August

May
June
July
August

._

2124
296
2141

100

2100

299
2100

2105
198
241
254

Sp.ptp.mhpr

October
November
December. .
1

For numerical data and complete explanation of sources, etc., see Tables 19, 54 and 55.




1

Fiscal years beginning July 1 of year indicated.

141
Table 121.—INDEXES OF WHEAT AND CORN1

Wholesale
prices

Exports

Visible supply

Wholesale
prices

Exports

United States
Stand. Winter
strts.,
United Canada MinKan- United
Incl.
States Canada Wheat flour
States
sas
neaponly
City
as
olis

YEAR AND MONTH

CORN

WHEAT

WHEAT FLOUR

wheat

Visible Grindsupply ings
No. 1
2
north- No.
red
ern winter,
Wheat
only Chteaio Chicago

Exports

Wholesale
prices

Corn,
inch
corn
meal

Cash,
cont.,
grades,
No. 2,
Chicago

Canada

Relative to 1913
1913
1914
1915
1916
1917
1918
1919

monthly average. ..
monthly average. _.
monthly average...
monthly average.. .
monthly average. _.
monthly average. _monthly average. _.

100
104
128
117
113
177
215

100
95
114
162
179
206
192

100
111
145
159
249
(2)
262

100
107
146
158
274
268
278

100
96
97
110
51
85
131

100
100
98
187
146
79
100

100
175
207
155
107
112
149

100
150
179
142
109
173
172

100
126
72
157
189
150
42

100
114
147
155
254
245
281

100
102
133
137
231
224
239

100
103
146
115
55
92
32

100
91
111
126
118
146
129

1920
1921
1922
1923
1924
1925

monthly average. _.
monthly average. _.
monthly average. _.
monthly average.. _
monthly average. _.
monthly average. _ _

162
137
122
133
103
91

97
149
194
227
234
211

277
182
159
139
157
193

301
183
160
139
156
200

70
62
62
96
99
86

75
112
173
195
216
195

219
281
166
99
191
93

198
229
149
110
153
88

78
129
136
214
256
213

285
161
141
127
145
183

256
146
126
119
129
180

56
186
226
105
116
153

121
116
133
131
150
140

168
150
139
101

258
268
343
218

135
138
137
139

137
139
139
138

126
122
112
96

376
387
372
286

53
37
36
45

94
78
73
65

147
140
160
73

124
129
128
124

112
114
110
105

94
185
245
178

96
115
77
£3

259
221
150
153

145
150
163
164

142
145
152
162

76
61
73
128

191
138
96
61

34
60
49
203

56
80
59
64

492
287
193
98

129
138
153
149

108
114
127
133

143
183
158
142

237
281
223
203

162
175
178
194

158
173
179
202

148
161
176
161

41
159
235
243

394
544
336
215

305
416
273
189

123
171
322
356

148
163
168
185

97
92
135
93

214
204
339
174

212
215
197
180

229
225
207
183

137
124
106
80

243
233
230
, 178

102
89
120
102

100
90
126
99

73
49
53
59

67
80
76
85

118
146
200
169

194
186
189
193

188
195
181
197

62
51
56
64

149
123
69
23

119
85
64
95

101
84
68
92

78
99
85
99

162
251
297
255

181
181
186
200

193
193
198
205

91
83
83
92

179
233
317
365

113
53
57
45

66
63
68
82

176
206
319
167

205
200
192
191

217
208
205
196

97
88
74
74

340
327
308
289

66

178

185
189

192
192

40
26

204
163

1924
January
February
March ...
April
May
June
July
August

__

September
October
November
December..

.....

1925
January
_ _
February
March
April
May
June
July....
August

_

_

.....

September
October
November.. _
December

1926
January
February
March
April
May
June
July
August

--.

_

._

100
33
107
118
122
100
34

100

45
282
354
95
43
29

226
93
100
131
155
167

161
170
187
153

77
91
103
55

121
128
127
126

121
82
49
50

120
134
139
153

47
26
17
20

126
134
169
187

136
155
160
179

58
76
73
159

152
165
130
132

21
19
24
15

186
177
181
197

209
202
185
170

203
207
179
173

259
308
329
227

161
148
135
125

23
18
2
28

203
199
186
173

178
117
156
183

184
177
174
186

192
184
161
170

168
144
61
64

119
131
106
133

22
25
22
22

182
176
178
168

94
69
67
64

189
500
416
580

170
170
177
194

169
166
174
182

53
20
28
172

141
168
155
155

32
33
31
88

147
132
135
127

29
21
46
31

42
36
54
49

158
167
176
66

201
193
178
183

190
187
170
171

266
321
537
314

171
160
177
134

123
75
58
57

129
124
119
116

113
97

96
86

227
332

179
168

168
150

247
290

131
151

48
47

114
114

f

September
October. _ _
November
December

 1 For numerical figures and complete explanation and sources of data, see Tables 59 and 60.


2

No quotations available.

111
117
132
262
257
255

142
Table 122.—INDEXES OF ANIMAL PRODUCTS1
LIVESTOCK PRICES

Cattle

PORK
Prod.,
insp.
slaugh- Exports Wholesale prices

Sheep

Hogs

ter

YEAK AND
MONTH

1
Steers,
good to
choice, Heavy,
Chicorn
fed,
cago
Chicago

Ewes, Lambs,

Chi-

cago

Chi-

cago

Total
products

Total

FLUID
LAMB TOTAL
MEATS MILK

BEEF

Lard,
Smoked prime,
hams, conChitract,
cago
N.Y.

Receipts

Wholesale prices

Production,
in-

spected
slaugh-

Exports

ter

FISH

Production,
in-

Production,
in-

Total
catch,
principal

Good
Steer
spected Greater fishing
native rounds, spected slaughsteers, No. 2, slaughNew
ports
ter
ter
ChiChiYork
cago
cago

Relative to 1913
1913mo.av_.
1914mo.av__
1915mo.av_1916mo.av._
1917 mo. av._
1918 mo. av._
1919 mo. av_.

1OO
106
102
113
151
193
206

1OO

100

100

10O

100

100

10O

100

100

100

104
119
141
207
222
207

94
110
119
94
122
123

94
138
147
132
229
268

101
92
111
152
192
207

95
101
116
139
158
136

100
237
1038
753
966
1934
749

100

108
127
153
220
241
200

100
94
85
122
197
232
264

100

100
85
115
188
210
218

105
100
107
167
171
180

102
95
99
124
169
171

98
• 84
82
62
70
84

95
105
116
110
133
126

101
106
108
110
118
125

100
100
106
125
118
137
128

1920mo.av_.
1921mo.av._
1922mo.av__
1923mo.av._
1924mo.av._
1925 mo. av_.

170
103
111
117
114
125

170
101
112
92
101
150

187
73
124
130
147
154

204
128
170
173
183
195

113
117
130
160
154
128

156
166
150
202
170
125

201
161
160
128
122
163

181
101
105
112
121
153

120
113
126
130
135
138

385
113
97
81
75
73

178
126
116
122
132
139

163
111
111
117
116
121

75
90
76
81
83
85

114
114
125
144
143
130

136
143
149
165
167
173

116
101
120
119
126
147

1924
January
February
March
April

111
114
118
127

86
85
88
89

153
180
213
212

171
187
202
205

205
177
160
145

274
232
214
168

116
111
114
114

116
106
105
102

137
114
115
121

61
71
67
76

131
131
131
131

106
111
115
118

93
79
76
74

173
147
138
132

158
150
165
160

76
124
130
122

!May June .
July
August

121
113
112
112

89
87
98
115

141
103
103
127

182
189
176
170

151
154
153
115

140
133
180
165

117
118
123
134

100
101
115
130

135
117
132
135

70
74
63
88

131
129
127
127

129
133
130
129

81
77
82
85

141
136
141
121

172
176
179
177

114
136
167
148

September ..
October
November. .
December.. .

106
112
108
112

118
129
115
119

115
124
135
162

169
172
171
205

103
117
152
215

140
136
112
147

134
130
123
12,5

131
150
139
154

146
165
149
150

90
101
76
62

127
132
141
141

122
104
98
95

93
95
80
83

119
135
147
183

167
170
161
163

147
150
104
91

1935
January
February. -.
March
April
...

103
111
120
117

129
133
161
150

185
180
196
169

226
221
206
182

199
152
115
109

176
140
150
101

132
139
162
170

151
146
155
146

146
115
129
131

65
71
95
68

141
141
141
141

102
103
113
117

87
76
89
89

173
133
119
116

161
152
174
167

82
134
175
134

May
June
July
August

114
123
136
142

146
152
165
157

139
120
145
137

158
191
188
187

116
136
107
96

133
127
110
101

154
158
176
180

148
160
165
163

132
127
145
135

73
73
79
79

138
135
138
143

124
132
147
143

89
80
86
85

121
130
121
110

179
194
185
179

127
187
182
199

September .October
November. .
December. ..

146
140
124
118

154
140
135
130

132
137
145
172

194
194
196
205

97
118
127
162

124
99
93
140

176
170
170
168

162
149
147
136

141
173
137
152

78
75
58
64

143
143
137
131

132
122
109
100

90
91
75
86

114
138
128
154

177
173
167
170

208
157
112
70

1936
January _ _ _ _ February. -_
March
April

116
114
114
107

139
144
137
140

168
168
164
182

190
170
163
174

168
127
136
120

159
134
128
123

167
173
177
181

143
138
136
132

139
120
136
136

58
69
63
72

131
126
124
124

112
115
115
116

93
90
104
88

153
122
135
125

169
155
176
176

101
109
176
137

106
113

159
167

150
113

182
207

119
136

114
104

187
205

144
154

139
150

50
76

124
124

121
124

80
87

125
139

186
186

164
207

May
June.
July

•

September
October
N ovember


http://fraser.stlouisfed.org/i For numerical data and complete explanation of sources, etc., see Tables 63, 64, 65, 67, and 70.
Federal Reserve Bank of St. Louis

143

Table 123.—INDEXES OF SUGAR, COFFEE, TEA, AND RICE
CANE SUGAR
Receipts,
Louisiana
From From crop
Haforat
waii
eign
New
and coun- OrP.R. tries leans

Imports

YEAE AND MONTH

COFFEE
Visible supply,
end of month

Clearances
from Brazil
ImReports
ceipts
ReRaw, Graninto
in
To
fined,
96° ulated, World United Brazil
Total United U.S.
includ- centrif- in
States
ing
ugal, bbls., total States
maple N.Y. N.Y:

Exports

Wholesale
prices

RICE

TEA

ShipImIm- Exports
ports ments,
New ports
into
OrU.S. leans

Relative to 1913
1913
1914
1915
1916
1917
1918
1919

monthly av._ . 100
monthly a v _ _ _
102
monthly av...
104
monthly av...
113
monthly av...
120
monthly av
99
104
monthly av...

1920
1921
1922
1923
1924
1925

monthly av...
monthly av...
monthly av...
monthly av...
monthly av...
monthly av_._

100
115
112
117
105
109
149

100
62
53
87
59
45
50

100
754
1,860
3,054
1,952
787
2,850

100
110
133
165
179
183
215 '

100
110
130
161
181
182
209

10O
96
80
79

100
86
94
110
142
101
66

1OO
121
112
131
106
132
80

100
122
111
127
102
82
84

1OO
125
121
138
155
136
91

100
119
144
137
151
129
156

1OO
110
119
119
142
149
91

100
120
116
152
162
164
150

100
101
111
94
116
233
71

100
182
245
474
752
608
1,365

106
111
102
95
118
150

170
126
163
163
175
189

29
54
57
87
41
31

1,785
1,803
3,548
858
851
1,466

372
137
133
200
170
122

297
144
139
195
174
128

67
75
74
50
41
44

92
92
59
49
40
40

58
111
94
96
124
103

90
101
105
119
117
112

162
131
127
159
148
150

152
158
146
165
166
150

102
86
109
120
104
114

131
187
162
132
92
79

57
33
28
21
17
29

1,422
2,123
1,491
1,233
561
237

1924
January
February
March
April.

56
133
156
130

131
236
266
219

138
11
1
1

182
373
748
1,316

192
207
197
182

196
204
199
186

36
35
33
37

37
31
36
35

129
110
116
118

115
131
112
74

128
162
147
118

193
155
180
158

106
70
82
80

135
120
105
56

23
17
31
19

1,321
771
785
506

May
June
July
August

193
237
182
121

211
186
224
153

2
2
4
6

1,560
1,159
1,145
2,030

161
146
145
154

170
152
154
155

39
42
37
44

36
41
48
53

112
116
57
161

95
105
101
147

119
161
103
144

171
155
192
160

56
86
107
116

42
20
25
1

17
26
9
20

330
160
101
104

September
October
November
December

103
68
30
11

175
138
88
75

3
1
87
234

1,273
279
96
45

170
172
166
151

167
171
169
169

48
48
48
46

40
42
44
33

175
161
131
103

143
175
122
93

181
210
170
135

118
188
164
161

122
159
145
117

137
177
200
89

85
6
8
14

120
390
941
1,197

80
174
211
256

156
212
251
277

19
2
3
3

366
733
1,114
1,053

131
132
135
127

142
137
138
132

45
43
45
45

39
36
48
38

92
80
93
75

105
76
78
69

159
96
118
71

153
113
190
121

103
82
100
65

130

«
56

22
41
51
32

474
496
344
275

217
216
178
155

231
220
185
163

1
4
4
1

1,675
1,802
2,568
3,496

123
126
122
124

128
128
123
125

43
42
43
43

29
39
44
47

52
75
115
123

62
125
125
150

74
172
178
202

112
124
167
138

56
65
129
137

69
23
53
60

29
18
33
57

229
191
61
112

147
106
32
27

182
137
125
129

5
156
170

2,109
1,122
993
557

122
110
115
118

127
117
120
123

43
43
43
43

39
32
43
48

156
132
120
124

145
155
128
121

179
173
193
186

188
158
162
181

162
176
149
141

80
110
102
120

13
10
12
85

58
123
181
303

87
216
225
274

133
247
258
262

175
12
2
1

340
501
838
581

119
121
115
117

119
122
116
121

40
40
40
38

37
43
40
38

121
98
111
80

102
125
108
125

146
155
165
90

202
173
206
182

102
95
78
66

57
102
99
82

242
210
285
113

258
226

207
219

2
2

346
457

120
118

128
127

37
38

32
35

78
94

90
90

141
130

120
147

42
66

60
58

166
164

_

1935
January
February
March
April

_.

May
June
July.....
August

September
October
November.
December

1936
January
February
March
April

_ _

__

May
June .
July
August

September
October
November
December
*For numerical data and complete explanation of sources, etc., see Tables 62, 69, and 70.




fr

104
72
67

144

TOBACCO

Manufactured products

Unmanufactured

Wholesale
price

Stocks
(quarterly)
YEAR AND
MONTH

VESSELS (tonnage)

Consumption
(tax-paid
withdrawals)

Exports

ProducEx- ChewTotal, Burtion
ley, Manuing,
in- good
fac(crop ports,
smokleaf
cludestiLarge Small
ing, Cigar ing leaf, tured
to- cigars
ciga- Cigamate)
snuff, types im- dark bacco
rettes rettes

red,
and
ported Louistypes ville snuff

and
export
types

Constructed

Cleared in
foreign trade

U.S. World Amer- For(seagoing) (qlty.) ican eign

Lost

Total

Abandoned

Quarterly

CARGO TRAFFIC
(tonnage)

Table 124.—INDEXES OF TOBACCO AND SHIPPING

Sault
Ste.
Marie
Canal

Relative to 1913
1913 mo. av. 100
1914 mo. av. 108
1915 mo. av. 111
121
1916 mo. av_
1917 mo. av. 131
1918 mo. av. 151
1919 mo. av. 154
1920
1921
1922
1923
1924
1925

mo. av.
mo. av.
mo. av.
mo. av.
mo. av.
mo. av.

166
112
131
159
130
142

10O

100

100

100

100

100

100

100

100

100

100

100

100

93
98
. 77
75
79
82

101
109
94
101
108
114

111
104
115
169
277
245

99
100
105
109
112
96

95
87
93
100
93
93

108
115
163
227
300
341

104
90
184
303
524
699

100
86
36
51
88
164
214

100

103
113
101
114
120
127

100
91
33
94
176
538
1,022

100

78
98
108
58
92
174

80
107
123
133
125
167

91
85
87
74
66
66

90
93
99
92
84
95

124
143
106
.215
326
136

124
181
124
105
88
63

69
89
115
113
107
86

106
117
98
113
131
107

127
151
138
149
164
171

88
93
104
109
111
108

117
134
129
137
147
151

259
222
208
210
197
188

90
87
95
93
93
92

105
89
91
92
88
86

287
327
344
414
456
514

683
368
495
532
457
351

723
354
46
34
38
38

176
130
74
49
61
65

227
201
211
186
200
186

84
81
83
97
97
106

126
116
120
124
128
131

200
155
93
100
102
69

79
140
314
1576
1546
329

99
61
83
112
90
103

212
212
212
212

103
96
94
89

80
79
82
79

483
374
406
411

512
342
340
587

13
6
62
98

145
153
160
198

85
80
76
85

103
103
101
118

212
192
186
186

94
91
93
95

88
89
94
91

493
498
508
487

603
629
385
405

46
55
36
1

259
199
218
230

97
107
117
115

144
135
148
150

186
186
186
186

99
103
82
77

96
101
95
81

484
501
413
420

449
361
434
433

43
23
30
41

230
234
211
166

108
116
92
84

145
152
127
109

186
186
186
186

96
90
93
92

75
72
80
78

513
438
484
467

366
380
373
501

45
12
65
21

146
140
159
192

99
84
92
97

114
101
113
125

186
189
189
189

93
94
96
96

82
90
91
88

499
573
587
539

520
367
164
370

56
34
76
6

195
198
206
207

106
117
128
130

133
142
152
154

189
189
189
189

98
103
82
77

91
113
95
75

549
534
503
482

174
253
259
488

60
42
11
32

196
239
196
160

114
107
97
100

139
147
127
119

189
189
189
189

93
92
101
92

69
72
89
81

536
481
589
538

441
266
469
490

16
1
100
63-

128
127
138
147

90
88
99
102

103
101
112
116

171
159

93

80

560

449

25
48

203
211

106
133

135
158

j

1924
January
February
March
April

137
116
179
. 173

183

114

160

164

120

149

May
June
July
August

125
126

120
152
92
95

September..
October
November
December _ .

125
124
143
130

103

153

110

140

^55
124
121

156

100

139

1925
January
February
March
April

98
66
88
84

May
June
July
August

129
129

61
75
106
95

SeptemberOctober
NovemberDecember. .

131
129
133
142

138
* 144
139
186

1926
January
February
March
April
May
June
July

September
October
November
December

128
128
98
118
75
84

188

114

165

165

115

150

159

105

142

171

96

147

189

117

165

169

115

151

119

I

1
http://fraser.stlouisfed.org/
For numerical data and complete explanation of sources, etc., see Tables 71, 72, and 73.
Federal Reserve Bank of St. Louis

66

64

66
47

73

71

57
59

55

43

117

1,673

91

916

39

1,186

162

738

71

897

49

341

40

32

118

46

83

68

None.
None.
SJone.
16
99
111
112
111
97
104
66
17

None.
None.
None.
36
112
110
117
117
109
117
84
18

None.
None.
None.
20
102
130

145

Table 125.—INDEXES OF RAILROADS AND AUTOMOBILES
RAILROAD OPERATIONS

AUTOMOBILES
PULLMAN
OPERATIONS

Revenues,

YEAR AND MONTH

Fr't

Passenger

Net
Oper- operating ating
Total
exinoper- penses come
ating

PasResenTons ceipts
cargers
per
ried
car1 mile tonmile 1ried
mile

Pas-

Reve- Ex- sennue penses gers
carried

LOCOMOTIVES

ExTotal
ports, shipsteam ments

FR'T
CARS

New
orders,
domestic

Production,
passenger
cars.
U.S.
and
Canada

Exports

Passenger
cars

Accessories
and
parts
(value)

Relative to 1913
100
94
101
121
133
163
168

100
94
93
102
120
150
171

100
95
101
118
132
161
169

100
96
95
109
131
184
203

10O
89
117
146
136
96
72

100
96
92
144
128
133
121

100

100
102
129
102
117
126
137

100
95
101
107
125
121
167

100
98
95
110
126
144
173

100
105
98
112
130
116
150

100
54
127
168361
217
195

100
41
40
78
110
127
76

100

100
100
99
100
118
135

57
90
143
119
152
18

100
118
177
324
377
201
359

100
86
162
239
254
143
259

10O
90
266
383
504
536
678

204
185
189
218
205
214

186
167
156
166
156
153

203
182
184
207
196
202

267
211
204
227
209
210

8
86
108
137
137
159

137
105
115
139
131
129

146
177
164
155
155
153

138
110
102
112
107
142

175
156
159
176
176
194

198
230
188
199
219
226

158
126
128
138
137
143

349
205
76
54
39
73

69
40
36
87
40
31

67
19
143
75
113
62

408
333
520
806
707
831

550
120
259
491
587
944

1,373
622
610
940
1,173
1,341

1924
January..
February
March
April

188
199
210
194

159
145*
151
148

184
188
198
186

212
206
215
208

86
120
134
104

126
132
133
117

151
152
156
164

105
96
100
98

174
162
163
171

222
215
219
221

131
120
127
129

34
44
49
51

48
35
42
23

61
186
363
113

764
893
928
901

585
618
651
733

1, 174
1,341
1, 540
1,658

May _
June..
July
August

195
183
192
203

149
167
169
182

187
183
189
199

210
200
204
206

102
110
124
159

124
117
121
133

157
156
158
152

102
118
123
130

169
195
184
208

220
197
231
213

130
150
149
168

51
76
41
88

38
47
46
44

5
4
5
48

745
585
636
664

666
470
461
567

1,064
1,254
1,067
879

226
248
215
205

162
144
137
158

212
224
198
198

210
222
206
210

195
212
156
145

143
158
139
128

156
155
152
152

114
98
93
104

189
174
152
171

216
216
224
233

153
134
121
131

124
90
71
61

33
32
42
48

225
120
132
98

685
678
531
474

540
666
539
508

923
1,058
1,087
918

198
_ . 190
__
204
196

154
135
138
136

190
178
191
186

211
196
208
204

110
109
122
111

135
123
129
123

147
153
157
159

102
90
93
92

183
164
182
174

222
213
231
220

135
121
128
130

95
32
66
46

30
27
36
31

98
51
45
53

556
660
869
1,023

672
683
1,079
1,104

911
1,025
1,616
1,561

May _
June
July
August

203
207
213
228

142
161
170
181

192
199
205
218

207
207
211
214

127
153
166
208

136
131
139
153

150
155
152
147

99
116
125
133

185
212
220
225

221
222
213
214

134
152
158
175

110
105
29
27

31
35
23
36

85
7
8
27

1,000
953
936
581

1,139
803
768
1,229

1,736
1,401
1,091
1,151

September
October
November
December

237
255
227
215

166
150
141
160

222
232
209
205

214
226
212
214

225
230
179
158

151
161
149
139

153
155
152
153

118
103
96
106

215
198
176
194

221
249
234
247

163
147
132
138

54
137
93
93

31
29
33
32

58
54
130
131

713
1,061
877
744

871
857
981
1,141

1,446
1,438
1,213
1,508

1936
January..
February
March
April

196
192
227
209

156
137
140
140

189
180
208
196

208
198
218
212

110
106
158
127

138
130
141
133

145
150
160
156

103
91
94
94

206
175
185
184

236
225
243
251

144
126
131
136

141
100
49
22

37
50
50
46

739
873
1,038
1,047

982
1,036
1,033
1,073

1,369
1,602
2,030
1,837

218

144

203

214

147

146

188

237

136

37

43
49

1,027

1,025

1,469

1913
1914
1915
1916
1917
1918
1919

monthly av
monthly av
monthly a^
monthly av
monthly av
monthly av
monthly av

1920
1921
1922
1923
1924
1925

monthly
monthly
monthly
monthly
monthly
monthly

av
av
av
av
av
av

_

September
October
November
December

1925
January .
February
March
April

May
June
July
August

September
October
November- D^cP'Tiber
1

For numerical data and complete explanation of sources, etc., see Tables 21, 74, 75, and 77.
433°—26




10

146

Table 126.—INDEXES OF LIFE INSURANCE ]
(Association of Life Insurance Presidents)
PREMIUM COLLECTIONS
(new and renewal)

NEW BUSINESS
Ordinary
YEAS AND MONTH

Number
of
policies

Group

Industrial

Value

Number
of
policies

Value

Number
of
contracts

Total

Value

Number
of policies
and
contracts

Ordinary

^JJf-

Group

I

Total

Value

Value

Relative to 1913
1913 monthly average 1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

100

100
98
104
128
• 149
155
271

100

99
106
121
139
140
227

108
113
109
109
114
122

100
106
' 112
113
118
127
150

10O
120
220
640
1,620
1,400
3,280

100
218
226
378
856
1,184
2,043

10O
106
112
111
114
119
141

1OO
101
107
126
147
157
254

1OO
104
108
117
130
140
165

10O
107
115
123
134
147
168

10O
144
269
397
856
1,489
2,753

1OO
105
110
119
131
143
168

1920 monthly average. __
1921 monthly average
1922 monthly average
1923 monthly average.
1924 monthly average
1925 monthly average

258
204
210
246
248
269

328
270
297
355
376
436

132
145
153
174
185
212

179
202
228
276
315
379

3,800
1,160
1,920
3,160
2,640
3,300

2,044
533
1,318
2,496
2,869
4,794

153
155
163
187
196
222

304
254
287
353
382
459

194
209
229
256
283
321

189
210
239
279
317
363

4,161
4,292
4,503
5,811
7,272
12,847

196
212
234
265
296
339

227
230
292
266

351
347
437
400

202
171
183
186

346
277
302
305

2,040
1,780
2,420
2,240

1,099
888
2,018
2,547

206
181
202
200

357
333
415
394

272
278
286
291

277
280
304
271

7,594
7,139
4,678
7,069

279
283
293
291

279
256
235
217

415
396
373
334

200
178
157
161

334
298
260
273

2,220
1,980
2,280
1,420

2,015
1,238
1,805
1,321

214
191
170
170

408
377
356
327

294
277
290
255

306
304
285
302

6,764
6,336
7,997
6,497

302
287
295
270

198
228
270
274

300
347
384
451

162
219
169
238

279
382
290
435

1,500
1,740
2,620
9,460

1,115
7,552
2,225
10, 610

168
220
186
244

302
421
361
537

244
280
266
364

314
310
297
553

5,967
8,403
7,203
11,628

263
293
278
413

223
232
274
269

370
388
463
451

163
193
213
212

284
342
373
379

3,560
2,280
2,580
2,860

3,972
2,114
2,350
3,826

173
200
224
222

379
391
456
462

300
300
330
330

339
305
343
314

11, 586
8,681
25, 481
14, 233

317
307
351
337

300
274
268
262

494
451
452
430

232
208
193
189

419
382
353
349

2,860
3,200
2,420
2,360

2,249
2,740
3,165
7,309

244
219
206
202

490
453
449
469

326
313
322
282

339
352
340
351

9,961
9,064
9,375
10, 228

336
328
333
304

September
October
November
December..

234
280
274
341

372
436
415
510

182
316
224
217

337
495
401
431

2,140
2,280
3,440
9,700

2,177
3,136
6,398
18,099

191
310
233
239

378
476
464
645

276
334
336
405

344
361
363
603

8,678
13, 447
13, 722
19,722

296
349
352
462

1936
January
February _.
March
_.
April

232
242
301
286

396
422
512
477

215
172
222
207

438
337
443
415

4,000
3,040
3,800
3,260

3,242
4,786
4,169
4,646

218
184
236
221

432
438
526
498

320
317
365
357

383
351
402
378

13,908
22,519
13, 372
9,000

343
340
382
368

297
298

497
498

226
196

453
403

3,900
3,340

3,252
3,991

239
213

509
504

338
340

374
406

11, 808
11,683

354
362

1924

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

_. _

September. _
October
November
December..
1925
January
February..
March....
April

__

_

May
June
July
August

May
June
July . .
August

_ .

._

September..
October
November
December
i For numerical data and complete explanation of sources, etc., see Table 96.




147
Table 127.—INDEXES OF BANKING AND SECURITIES
BANK
CLEARINGS

In
New
York
City

YEAS AND MONTH

Outside
New
York
City

INTEREST
BATES

New
York
call
loans

BOND
YIELDS

STOCK
PRICES

Commercial
double- 25 indus- 25 railname
trials
roads
paper,
4 to 6

Municipal
bonds,
end of
mo.

NEW YORK
STOCK EXCH.
SALES

Miscel-

Stocks laneous
(shares) bonds 2

I110S,

SECURITY ISSUES

Municipal
Total
corporate Perma- TemJournal
porary
nent
of Com- loans
loans
merce.
(long
(short
term)
term)

NEW
INCORPORATIONS

Relative to 1913
100
93
95
91
97
103
101

100
58
209
280
222
173
377

100
137
192
227
149
115
172

100
87
87
133
93
82
184

100
109
121
122
109
64
187

100
60
32
61
81
98
93

100
70
96
161
217
106
613

67
64
75
72
81
99

113
113
95
96
95
93

270
207
316
286
339
550

213
279
499
389
586
618

189
160
208
219
196
215

189
339
313
278
354
340

137
158
82
106
203
152

725
385
406
453
346
478

193
192
189
183

73
73
74
75

97
98
98
97

386
298
263
257

611
430
495
447

161
186
210
194

248
305
303
391

125
151
204
196

510
384
469
307

183
187
195
205

75
78
82
86

96
93
93
93

217
243
350
324

435
693
658
588

132
211
201
198

353
842
330
356

201
130
195
179

302
264
332
232

57
57
59
64

201
202
213
231

85
84
92
95

92
92
93
93

262
257
597
619

512
598
811
754

204
280
144
226

272
282
216
353

320
314
92
325

278
315
333
504

110
116
122
122

66
66
71
72

233
238
235
233

96
98
95
92

93
92
92
91

598
473
557
359

732
675
679
597

345
280
236
259

357
230
325
314

133
143
225
240

393
250
468
515

299
319
323
293

120
124
131
131

70
70
71
72

245
248
256
272

96
96
97
101

90
90
91
93

527
446
538
475

756
587
573
528

180
152
234
139

552
425
362
257

96
244
83
114

358
582
619
565

276
329
298
342

313
353
319
348

139
149
144
166

76
80
79
79

280
298
305
305

102
102
107
111

95
96
95
95

533
772
707
619

585
624
528
556

171
203
183
200

357
249
210
488

189
232
99
352

332
340
721
592

344
272
356
329

341
288
239
324

137
150
140
133

79
75
78
76

309
309
272
249

111
109
105
104

94
93
93
93

565
512
752
351

634
526
595
649

399
256
220
320

224
430
349
347

198
59
304
181

604
1,153
434
.
587

297
307

316
329

121
127

72
70

253
268

106
111

93
92

335
549

547
605

185
203

396
401

88
50

503
440

100
88
116
169
187
189
249

100
96
102
134
169
205
243

100
112
58
83
102
154
215

100
87
63
63
86
107
98

10O
100
129
170
147
139
182

100
93
88
96
83
74
75

257
205
230
226
264
300

275
212
230
276
284
315

261
182
134
148
96
131

134
118
80
910
71
73

184
136
169
185
198
262

January
Februarv
March
\pril

262
230
249
258

293
256
282
279

138
137
122
135

88
87
83
84

May
June
July
August

263
253
268
258

275
266
282
265

110
68
64
61

77
71
64
59

245
274
284
325

277
314
290
317

65
74
79
103

339
267
296
290

323
274
311
310

May
June ..
July
August

302
305
297
256

September
October
November
December

"•913 monthly average
1914 monthly average.
1915 monthly average
l f U6 monthly average
1917 monthly average
1918 monthly average
1919 monthly average

_

1920 monthly average
1921 monthly average
1922 monthly average
1923 monthly average
1924 monthly average
1925 monthly average

|

1924

-_

September
October
November
December

•

1925
January
February.
March
April

_

1926
January
February
March
April.

__ _

May
June
July
August

September
October
November.-.
December

_

i For numerical data and complete explanation of sources, etc., see Tables 99,100,101, and 102.




1

Corporate bonds only.

.''

148
Table 128.—INDEXES OF BUSINESS PROFITS AND LOSSES
BUSINESS FAILURES
Total
commercial

Manufac. es- Trade estabtablishments
lishments

DIVIDEND AND INTEREST PAYMENTS

Agents and
brokers

Banks
(quarterly)

Dividend payments
Total
dividend
Av.
and
Induspaid
intertrial Steam Street on
inLiabil- Firms Liabil- Firms Liabil- Firms Liabil- Firms Liabil- Firms
est
and
Total misc. railraildusities
ities
ities
ities
payities
trial
ments
com- roads ways stocks
panies
(Qtly.)

YEAR AND MONTH

Relative to 1913

i
100
131
110
72
67
60
41

100
114
138
106
86
70
40

100

100

100

100

100

10O

164
116
93
95
92
70

124
156
135
113
111
89

101
105
120
134
153
179

100
95
94
117
147
140
125

10O

115
144
107
85
58
36

100
98
95
111
129
122
114

100

144
130
80
61
50
33

100
180
110
40
40
20
40

100

109
121
99
87
65
44

100
178
118
33
59
16
52

100

109
90
59
64
59
41

99
95
106
105
98
96

109
105
123
132
129
122

102
66
97
128
118
112

108
229
228
197
198
162

55
123
148
117
129
132

103
188
173
226
230
135

62
106
134
117
123
120

77
222
236
183
177
187

50
125
152
117
129
136

228
406 •
400
140
155
176

109
178
165
106
157
148

161
548
246
646
643
522

100
340
230
480
510
387

192
188
191
202
216
229

115
110
111
115
121
127

130
117
114
117
122
128

96
96
9'5
97
101
106

124
122
120
129
143
159

126
94
84
104
106
136

225
158
428
214

158
129
136
128

279
159
703
223

143
113
137
124

204
184
201
195

165
135
135
127

100
65
194
246

120
152
146
169

284
125
216
261

217
110
120
133

162
109
129
152

104
114
122
98

318
136
86
187

160
149
161
242

136
120
121
114

166
161
193
289

144
124
118
117

160
155
130
171

131
117
121
110

122
92
152
309

174
• 156
139
152

214
207
270
134

81
93
154
115

73
101
144
116

93
89
119
126

110
79
203
98

150
158
136
198

98
127
124
153

188
151
99
152

102
116
102
135

106
168
165
283

95
128
128
158

164
152
177
83

117
183
183
187

213
272
195
203

89
139
96
102

108
.165
77
136

66
99
130
58

92
192
124
90

January
February
March
April

238
176
149
163

173
134
139
145

115
148
129
126

136
116
122
122

257
220
184
225

189
138
145
154

620
130
106
89

148
183
157
152

310
137
225
274

226
115
126
136

168
115
135
157

110
118
126
101

342
146
98
193

May
June
July
August

162
161
151
163

132
131
126
113

175
156
105
215

113
122
118
103

165
180
167
140

138
132
127
115

105
116
265
47

150
157
154
146

222
218
296
144

86
99
165
120

77
106
153
120

97
95
123
130

123
92
222
104

September
October
November
December

134
129
157
160

110
118
125
141

79
109
135
125

110
116
125
139

156
141
197
215

109
120
123
141

262
166
105
103

115
115
156
150

215
288
209
218

97
147
105
107

117
172
84
142

70
105
137
61

110
217
149
106

January
February
March
April

191
150
134
169

172
135
149
146

155
104
95
161

144
127
133
140

224
212
194
199

183
138
153
148

211
106
75
93

167
133
169
157

344
148
224
288

238
119
130
143

176
118
138
164

116
122
132
106

367
151
103
210

May
June
July
August

147
129

129
128

156
97

124
123

164
162

131
125

58
132

143
209

229
230
332

90
102
174

81
108
161

101
99
129

138
104
236

1913 monthly average
1914 monthly average
1915 monthly average
1916 monthly average
1917 monthly average
1918 monthly average
1919 monthly average
1920
1921
1922
1923
1924
1925

monthly average
monthly average
monthly average. _
monthly average
monthly average
monthly average

_ -

1934
January
February
March
April

May
June _
July
August

_ .

September^
October
November
December

_

_

1,271

883

671

543

273

267

357

350

110

100

106

108

1925
557

480

543

370

147

153

841

543

125

125

133

159

1926

September
October
November
December
i For numerical data and complete explanation of sources, etc., see Table 104.




328

313

384

383

137

146

149

Table 129.—INDEXES OF PUBLIC FINANCE AND SAVINGS
U. S. GOVERNMENT
FINANCES 2
Total
Cusorditoms
nary
rerereceipts ceipts

YEAR AND MONTH

Ordinary
expenditures

MONEY
IN CIRCULATION 3

GOLD

Do-

Total

Per
capita

Imports

SAVINGS
DEPOSITS

SILVER

Ex- mestic Band
outports receipts
at
put

Imports

Exports

mint

Production

Price
in
New
York

New
York
State
savings
banks

United
States
postal
savings

Relative to 1913
100
90
709
1,077
867
97
120
673

100

100
105
107
90
76
58
48
42

100
95
103
105
103
96
95
93

100
72
96
90
149
199
249
246

100
82
85
112
134
403
381
181

100
108
112
111
107
102
85
85

100
92
83
110
136
162
186
169

100
103
105
111
115
117
129
143

100

243
34
170
405
45
401
351

130
115
123
122
120
121

1,085
432
507
502
201

26
40
31
67
283

54
58
57
61
59

92
80
104
109
109

176
197
208
206
180

82
100
115
175
101

80
83
99
96
92

105
113
109
112
116

153
162
179
189
202

388
348
333
335
334

139
143
143
141

121
124
124
122

850
661
646
855

4
7
11
18

50
61
56
53

109
104
109
105

200
264
208
131

157
170
160
149

84
106
99
85

106
108
107
107

184
184
187
186

328
332
334
333

423
476
344
326

143
141
139
142

124
122
120
122

774
474
355
342

8
4
4
31

53
44
61
62

110
100
113
110

189
163
238
236

185
165
176
165

102
88
89
97

110
112
112
115

186
189
189
189

335
334
334
337

808
423
290
946

676
530
287
572

143
145
148
148

123
125
128
127

125
371
374
194

60
54
87
519

72
86
72
61

109
113
109
113

237
195
217
196

198
181
180
216

99
101
101
102

116
119
116
114

191
192
192
196

337
338
338
335

177
174
203
168

285
288
996
303

484
267
637
537

141
143
142
140

121
122
121
120

95
68
138
167

961
661
328
282

59
54
51
56

112
103
113
107

246
165
223
165

218
131
151
178

99
91
89
99

114
115
113
112

198
198
201
201

336
337
337
335

May
June
July
August

158
168
170
185

277
1,020
323
365

387
692
406
354

142
141
140
142

121
120
120
121

215
83
192
92

175
88
58
28

48
48
63
59

111
106
112
110

113
165
175
243

125
163
160
158

94
98
96
89

113
116
116
117

201
204
203
203

334
333
331
332

September
October
November
December

192
197
182
174

849
335
307
999

547
535
390
718

143
146
148
149

122
124
125
126

78
956
197
136

89
367
318
78

53
86
69
64

109
111
107
108

151
187
135
192

143
168
155
145

87
83
88
89

120
119
116
115

202
205
205
209

382
333
334
335

1926
January
February
March
April
__

175
180
207
181

309
297
1,090
323

385
251
771
557

141
143
143
144

119
121
121
122

364
479
818
247

40
50
55
234

58
50
39
51

109
103
114
110

193
297
185
212

187
148
159
146

93
91
93
89

113
112
110
108

208
210
213
213

337
340
339
339

161
178

304
1,080

415
599

145
144

122
121

55
356

122
44

47
46

116
116

163
188

152
153

91
98

109
110

213
216

1913 monthly average..
1914 monthly average..
1915 monthly average. _
1916 monthly average. _
1917 monthly average. .
1918 monthly average. .
1919 monthly average. .
1920 monthly average __

100
92
66
67
71
57
58
101

100
101
96
108
156
506
712
925

100
101
105
101
273
1,750
2,553
893

100
101
97
107
114
129
143
159

100

1921 monthly average. .
1922 monthly average. .
1923 monthly average. .
1924 monthly average. .
1925 monthly average. .
1926 monthly average. _

97
112
177
172
172
182

777
568
554
554
522
548

763
523
510
483
486
494

144
130
141
141
141
144

1924
January
February
March
April

151
189
194
172

304
343
1,072
355

431
345
481
541

May
June
July
August

171
163
166
172

316
997
324
308

September
October _
November. . _
December

188
188
151
151

1935
January
February.
March..
April

May
June
. July
August

...

.

99
94
101
107
119
131
145

v

September
October
November
December
i For numerical data and complete explanation of sources, etc., see Tables 98 and 100.
3
Annual figures are for fiscal years ending June 30 of year indicated.
« Annual figures represent condition on June 30 of year indicated.




149
187
282
360
422
406
411

150
Table 130.—INDEXES OF IMPORTS'
BY GRAND DIVISIONS
From Europe
YEAR AND
MONTH
TotaJ

GerFrance many

Italy

United
Kingdom

From From
North South
Amer- America
ica

From
Asia
and
Oceania

From
Africa

GEAND TOTAL

BY COMMODITIES

Crude
materials

j

Foodstuffs, Manu- SemiFincrude,
islied
fac11- manuand
tured man
facfood
foodfactures
anistuffs
tures
mals

Relative to 1913

1913 mo. av__
1914 mo. av__
1915 mo. av__
1916 mo. av__
1917 mo. av__
1918 mo. av__
1919 mo. av_.

100

100

100

100

100

100

100

100

100

100

100

100

100

75
56
78
71
43
89

81
24
3
0
0
6

100
93
109
66
44
107

106
95
112
103
55
114

113
131
169
224
250
297

116
163
216
302
308
347

100
116
193
271
330
378

83
146
261
308
360
473

100
100
99
133
165
169
218

100

91
63
73
64
37
87

99
115
167
209
202
277

106
110
118
175
156
247

129
138
171
177
200
280

81
77
123
159
191
179

99
71
84
94
98
119

1920 mo. av__
1921 mo. av_1922 mo. av__
1923 mo. av_ _
1924 mo. av_ _
1925 mo. av_ _

142
88
115
134
127
143

119
102
103
108
106
113

48
44
64
88
76
89

136
113
116
167
136
185

189
88
131
149
135
152

427
194
211
257
255
252

384
149
191
236
235
262

467
207
277
341
310
423

633
170
274
367
308
388

294
140
177
212
201
236

290
141
191
229
204
284

261
138
150
164
192
224

625
186
195
267
263
219

236
101
161
212
193
222

2^2
150
102
187
182
193

1924
January _ _
February
March
April

122
137
118
116

93
117
114
110

73
83
62
62

130
121
117
156

136
152
126
127

231
304
351
290

230
220
272
209

314
351
253
397

592
374
499
356

198
222
215
217

211
230
202
219

177
166
187
192

231
356
407
355

205
235
198
192

187
168
171
186

August

117
111
114
111

97
81
93
96

64
68
82
77

109
105
110
89

115
108
102
114

285
246
249
216

238
232
250
208

317
268
271
256

162
244
149
144

203
183
186
170

206
176
177
165

204
186
213
171

306
253
257
184

172
171
158
166

179
^76
181
176

September...
October
November
December

137
148
136
154

109
122
118
125

86
89
78
83

125
196
173
197

144
161
157
174

228
231
219
213

185
255
254
267

306
315
307
370

154
209
210
598

192
208
198
223

191
200
212
259

158
231
207
218

232
233
175
166

185
200
208
213

193
201
179
201

1925
January
February
March
April

143
140
155
136

120
129
122
102

74
79
85
75

184
179
206
217

155
150
177
138

239
256
281
287

256
266
354
281

429
350
430
373

538
659
518
511

232
223
258
232

297
259
287
276

207
200
273
198

196 '
241
284
293

223
224
268
210

183
182
197
181

May
June _
July
August

128
123
129
140

90
87
85
123

62
73
90
90

185
200
153
131

140
118
146
143

274
262
235
221

199
224
251
254

412
408
425
454

240
338
165
332

219
218
218
228

270
258
247
278

186
194
230
199

242
228
207
180

199
208
208
230

177
182
188
191

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

139
161
164
160

111
135
125
132

98
102
102
139

146
210
202
205

138
166
187
162

236
252
234
244

268 '
235
262
290

468
509
499
551

279
177
394
505

234
250
252
266

282
300
329
348

246
240
253
262

200
201
178
175

205
232
219
238

190
224
205
215

1926
January
February
March
April

154
146
163
145

111
104
125
101

104
108
120
111

186
147
194
166

153
165
164
147

226
268
300
280

324
314
385
310

615
503
582
531

829
585
586
562

279
260
297
266

399
345
393
327

264
229
278
256

175
218
243
238

251
257
263
249

195
185
229
221

124

76

94

161

108

243

227

418

240

215
226

254
243

195
115

199
217

215
227

183
207

May
June
July

May
June
July
August

__

Sfiptfvmbpr

October

1

For numerical data and complete explanation of sources, etc., see Tables 108 and 110.




*~

151

BY GRAND DIVISIONS
To Europe
YEAK AND MONTH

GerTotal France many

To
To
To
North South Asia
To
and
United Ameri- Ameri- Ocean- Africa
ca
ca
Italy Kingia
dom

GRAND TOTAL
(incl. reexports)

Table 131.—INDEXES OF EXPORTS
BY COMMODITIES

Grand
total

Foodstuffs, Manu- Semi- FinCrude crude, fac- manuished
maand tured fac- manufacterials food food- tures
anitures
stuffs
mals

Relative to 1913
av
av
av
av
av
av
av

10O
89
172
254
271
257
346

100
111
325
559
611
605
580

10O
45
3
1
2
()
(')
26

10O
124
343
386
533
626
563

10O
102
203
319
340
349
386

100
80
93
154
210
220
216

100
62
98
150
213
207
301

100
85
116
226
263
290
432

100
88
128
187
178
205
338

10O
85
143
221
251
248
319

100
85
143
221
.252
247
317

100
64
74
94
102
124
210

1OO
162
272
249
300
323
400

100
95
170
200
249
434
605

100
85
120
230
332
265
232

100
82
168
336
346
265
328

1920 monthly av
1921 monthly av
1922 monthly av
1923 monthly av
1924 monthly av
1925 monthly av

298
158
139
140
163
174

439
146
173
'177
183
182

88
106
90
90
125
134

473
274
192
213
238
261

328
159
145
149
166
175

321
188
152
181
181
190

426
187
154
184
215
275

502
311
265
317
323
325

573
252
193
210
243
308

331
181
154
168
185
198

330
179
154
167
184
197

244
128
128
156
173
184

542
409
271
152
232
188

344
207
181
180
177
177

242
101
110
142
154
167

410
208
165
189
203
236

1924
Januarv
February.
March
April

162
161
136
144

181
156
171
155

140
167
123
112

257
242
200
232

172
151
116
133

149
154 '
172
169

196
200
190
206

503
246
327
285

292
226
182
306

191
177
164
168

191
176
163
165

208
178
134
126

98
99
106
94

219
194
184
158

165
152
151
154

196
195
201
227

May
June
July
August

130
114
101
125

172
166
103
160

96
61
44
66

171
184
123
202

127
105
113
133

177
170
166
189

203
212
191
250

312
282
225
256

234
221
206
254

162
148
134
160

160
147
133
159

120
97
87
98

75
106
91
225

139
126
138
164

161
153
140
143

226
210
181
212

September
October
November
December

189
233
244
219

220
209
287
217

151
169
199
173

195
335
349
430

196
255
256
237

224
266
186
154

198
269
222
236

285
371
365
337

247
258
199
291

207
255
238
215

205
254
238
215

. 200
254
307
263

468
721
417
281

181
217
202
201

150
162
154
163

194
217
192
187

1935
January. _ _
February
March
April

216
178
202
166

228
178
200
172

169
149
175
112

346
352
399
292

230
174
174
149

155
150
199
185

260
209
275
294

352
246
340
315

273 .
221
365
318

216
179
219
193

216
179
218
192

264
202
192
131

183
166
220
256

200
172
206
146

177
145
196
184

206
181
264
262

May
June
July_
August

140
116
124
145

158
119
112
142

98
76
80
116

214
179
187
177

128
116
117
128

215
192
203
202

292
255
264
312

260
260
259
293

305
267
244
361

179
156
164
183

178
155
163
183

103
82
88
112

238
154
160
202

152
159
160
176

178
164
175
158

250
221
232
265

September
October
November
December

183
226
190
197

160
265
230
220

178
193
133
123

195
265
256
267

184
247
218
232

205
193
187
192

238
255
287
357

307
424
420
421

291
285
355
409

203
237
216
226

202
237
215
225

206
328
270
238

242
137
138
150

195
190
174
195

151
153
151
168

220
232
229
271

1936
January
February
March
April

160
138
132
141

232
169
187
171

87
76
72
73

219
196
187
226

167
154
138
143

169
165
201
198

309
289
290
305

384
324
380
384

344
292
342
383

192
170
181
187

190
169
179
186

178
140
130
126

112
86
110
103

177
155
150
141

157
145
162
175

244
237
265
289

116
116

149
115

72
69

180
163

113
127

221
197

289
247

332
332

309
281

172
163

171
161

105
99

178
149

126
127

153
166

262
238

1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly
1918 monthly
1919 monthly

_

. _ __

May
June
July
August

September
October
November .
December
1

For numerical data and complete explanation of sources, etc., see Tables 109 and 110




j
2

Total for year 1917 is $3,275. No figures for 1918.

152
SOURCES OF DATA
[Only sources presenting current material are given here: Sources of data used to fill gaps in early figures are noted in their respective detailed tables, thus making this tabh
•
a complete record of current source material for the SUKVEY]
CURRENT PUBLICATION *

DATE OF PUBLICATION

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN
j Flaxsecd exports from Argentina
Employment in Canadian trade-unions
O perations of C anadian employment service
CANADIAN DEPARTMENT OF TRADE AND COM- Foreign trade of Canada
Canadian railroad operations
MERCE.
Canadian iron, steel, coal, flour production, etc. _
Agricultural loans by land and credit banks
FEDERAL FARM LOAN BOARD
Agricultural machinery
FEDERAL RESERVE BANK OF CHICAGO
Agricultural pumps
FEDERAL RESERVE BANK OF MINNEAPOLIS.. Retail sales of lumber by rural yards
Housing rental advertisements
FEDERAL RESERVE BANK OF NEW YORK
Foreign exchange rates
Corporation profits
FEDERAL RESERVE BANK OF PHILADELPHIA. Employment in N. J., Pa., and Del
FEDERAL RESERVE BOARD
Debits to individual accounts
Condition of Federal reserve banks
Condition of reporting,member banks
Department store trade
Index numbers of department store, mail order,
and chain store trade.
Barley and rye receipts and rye stocks
Sales of loose-leaf tobacco
Index of ocean freight rates
Index numbers of production
Wholesale trade index
ILLINOIS DEPARTMENT OF LABOR
Employment in Illinois
INTERSTATE COMMERCE COMMISSION.
Railway revenues and expenses
Telephone operating revenue and income
Telegraph operations and income
Express operations and income
Fuel consumption by railroads
.
Railway employment__
MASSACHUSETTS DEPT. LABOR AND INDUSTRY. Massachusetts employment
MASSACHUSETTS DEPT. PUBLIC UTILITIES
Milk receipts at Boston
NEW YORK STATE DEPT. LABOR ..
._ New York State factory employment and earnings.
NEW YORK STATE DEPT. PUBLIC WORKS. .. New York State canal traffic
_.
PANAMA CANAL
Panama Canal traffic
U. S. CIVIL SERVICE COMMISSION
Government employment
U. S. DEPARTMENT OF AGRICULTURE:
Beef, pork, and lamb production
BUREAU OF ANIMAL INDUSTRY
BUREAU OF AGRICULTURAL ECONOMICS _. Prices of farm products to producers
Wool stocks in dealers' hands and wool prices
Crop production
ARGENTINE MINISTER OF AGRICULTURE.
CANADIAN DEPARTMENT OF LABOR

BUREAU OF PUBLIC ROADS .
U. S. DEPARTMENT OF COMMERCE:
BUREAU OF THE CENSUS.

Cold-storage holdings and fish frozen
Movement of cattle, hogs, and sheep
Receipts of butter, cheese, eggs, and poultry
Production of dairy products.
Car-lot shipments of fruits and vegetables
Farm labor, wages, supply, etc
Consumption of butter, cheese and meats
Index of agricultural exports.
Federal-aid highways
Wages of common labor, by geog. divs

Estadistica Agro-Pecuaria
Labour Gazette (Canadian)
Labour Gazette (Canadian)
Foreign trade of Canada
Operating Revenues, etc., of Railways*--.
Press releases*
_
Not published currently___
Business Conditions
Business Conditions-Business Conditions
Business Conditions
Fed. Res. Bull, and daily statement*
Monthly Review
Business and Financial Conditions
Fed. Res. Bull, and weekly press releases*..
Fed. Res. Bull, and weekly press releases*..
Fed. Res. Bull, and weekly press releases*..
Federal Reserve Bulletin
Federal Reserve Bulletin

Monthly.
Semimonthly.
Semimonthly.
Monthly.
Monthly.

Federal Reserve Bulletin
Federal Reserve Bulletin
.
Federal Reserve Bulletin
Federal Reserve Bulletin
Federal Reserve Bulletin
The Employment Bulletin
Preliminary statement Class I roads
Operations of large telephone companies..
Not published
.
Not published.
Fuel for Road Locomotives
Not published
Monthly statement*
Not published
Labor Market Bulletin and press releases*

Monthly.
Monthly.
Monthly.
Monthly.
Monthly.
Monthly.

Annual report
The Panama Canal RecordNot published

Yearly.
Last weekly issue of month.

Crops and Markets
Crops and Markets...
Crops and Markets
Crops and Markets and press releases*

Monthly supplement.
Monthly supplement.
Monthly supplement.
Releases about 1st mo. (cotton) ; 10th (other crops).
Monthly supplement.
Monthly supplement.
Weekly.
Quarterly.
Monthly supplememt.
Monthly supplement.
Monthly.
Monthly.
Monthly.

Crops and Markets
.. Crops and Markets
Crops and Markets
Crops and Markets
Crops and Markets
Crops and Markets
Crops and Markets
Crops and Markets
Public Roads.__
Not published

_.

Monthly.
Monthly.
Monthly.
Monthly.
Daily and monthly.
Quarterly.
Monthly.
Sun. papers and monthly.
Fri. morn, papers and mo.
Fri. aftnoon papers and mo.
Monthly.
Monthly.

Monthly.
Monthly.
Monthly.

Preliminary report on ginnings*
Semimo. during season.
Cotton ginned. _
Preliminary report on cotton consumed. 15th of month.
Cotton consumed and on hand
Wool machinery and cotton spindles*... 20th of month.
Active textile machinery
Census of hides, skins, and leather*
First week of month.
Leather, hides, shoes, gloves, production, etc
30th of month.
Leather gloves and mittens
Pressrelease*.18th of month.
Preliminary report on cottonseed*
Cottonseed and cottonseed oil
Hosiery statistics
Press release*. __
_. 30th of month.
30th of month.
Knit underwear production, etc
_. Press release*
30th of month.
Men's and boys' and work clothing
Pressrelease*
30th of month.
Malleable castings
Press release*
30th of month.
Wheat flour production from May, 1923.
_. Pressrelease*
30th of month.
Pressrelease*
Pyroxylin coated textiles
20th of month.
Pressrelease*
Stokers, sales from January, 1923
Stocks of tobacco
Statement on stocks of leaf tobacco..
One month after end of qtr.
30th of month.
Wool consumption and stocks
Press release* __
30th
of month.
Steel barrels
i
Pressrelease*
20th of month.
Fabricated steel plate bookings
Pressrelease*
30th
of
month.
Box board
Pressrelease*
One month after end of qtr.
Electric locomotives, mining and industrial
Pressrelease*
25th
of
month.
Electric industrial trucks and tractors
Press release*
30th of month.
Floor and wall tile
Press release*
20th of month.
Fire extinguishers
_. Pressrelease*
30th of month.
Galvanized sheet metal ware
Pressrelease*
30th of month.
Babbitt metal consumption
Press release*
30th of month.
Pressrelease*
__.
Floor and wall tile
_
20th of month.
Press release*...
Enameled sanitary ware
25th of month.
Vitreous china plumbing fixtures.
Press release*
Quarterly
(one month after
Fats and oils, production, consumption, and Statistics of fats and oils*.
1
end of quarter).
stocks
30 days after end of qtr
Glues and gelatin, production and stocks
Pressrelease*..
20th of month.
Fabricated struc. steel sales from Apr., 1922
Pressrelease*..
20th of month.
Automobile production from July, 1921.
Press release*..
30th of month.
Wood chemical operations, crude and refined-... Pressrelease*..
20th of month.
Steel castings bookings and production.
Pressrelease*.
25th of month.
Press release*
Steel furniture shipments.
25th of month.
Press release*
Locomotive shipments and unfilled orders
Monthly.
Survey of Current Business.
Earnings of public utilities
10th of month.
Plumbing goods price index
Pressrelease*
15th of month.Pressrelease*...
Architectural terracotta
30th of month.
Index numbers of production, stocks, and un- Press release*
filled orders.
i This is not necessarily the source of the figures published in the SURVEY, as many of them are obtained direct from the compilers prior to publication in the respectiv
journals. This column and the right-hand column have been added to assist readers in obtaining current statistics between publication dates of the SURVEY.

*Multigraphed or mimeographed sheets.



153
SOURCES OF DATA—Continued
CURRENT PUBLICATION 1

DATE OF PUBLICATION

I.—REPORTS FROM GOVERNMENT DEPARTMENTS, FEDERAL, STATE, AND FOREIGN—Continued
U. S. DEPARTMENT OF COMMERCE—Contd.
BUREAU OF FISHERIES
BUREAU OF FOREIGN AND DOMESTIC
COMMERCE.
BUREAU OF MINES..

BUREAU OF NAVIGATION..
BUREAU OF STANDARDS
U. S. PATENT OFFICE.
U. S. DEPARTMENT OF THE INTERIOR:
GEOLOGICAL SURVEY
DIVISION OF NATIONAL PARKS...
U. S. DEPARTMENT OF LABOR:
EMPLOYMENT SERVICE

Fish catch at principal fishing ports ,_
,
All imports and exports
Fuel loaded for consumption by vessels
Vessels cleared
Ship charter rates index
Petroleum, crude and refined, production, etc..
Explosives, production, shipments, etc
Coal and coke production

Monthly statement __
Monthly Sum. Foreign Commerce (Pt. I) 3 .
Not published...
Monthly Sum. Foreign Commerce (Pt. II).
Commerce Reports
Petroleum statistics*
Explosive statistics*
Weekly report on production of coal*

Portland cement, production, etc..
Vessel construction, and losses

Report on Portland cement output*..
Commerce Reports
_

Building material price indexes
Patents granted.

Not published.
Not published

Electric power production
Consumption of fuel by public utility plants.
Visitors to National Parks. _

Production of electric power*
Production of electric power*..
Not published

End of month.
End of month.
Monthly.

Employment agency operations

Report of Activities of State and Municipal Employment Agencies.
Not published
Wholesale Prices of Commodities

Every 4 or 5 weeks.

Monthly Labor Review
Monthly Labor Review
Ernployment in Selected Industries
Postal Savings News Bulletin
Statement of Postal Receipts*
Not published
Not published
Daily Statement of the U. S. Treasury....
Circulation of money
Not published. _
_
Not published

Monthly.
Monthly.
Monthly.
12th of month.
7th of month.

Statement of Tax-paid Products*

First week of month.

Immigration and emigration statistics
Wholesale prices of commodities, including
farm products, food, clothing, metals, etc.
Wholesale price index
Retail price indexes
Factory employment, pay roll, etc
United States postal savings
Postal receipts
Money orders
Passports issued
Government debt, receipts, and disbursements..
Money in circulation from July 1, 1922
Domestic receipts of gold at mint
Oleomargarine production and consumption of
ingredients.
Consumption of manufactured tobacco, snuff,
cigars, cigarettes, and oleomargarine.
Internal Revenue taxes on specified articles
Grain alcohol production, stocks, etc.

BUREAU OF IMMIGRATION
BUREAU OF LABOR STATISTICS.,

U. S. POST OFFICE DEPARTMENT..
U. S. DEPARTMENT OF STATE__
U. S. TREASURY DEPARTMENT.
BUREAU OF THE MINT.
BUREAU OF INTERNAL REVENUE.

U. S. WAR DEPARTMENT:
ENGINEER CORPS

Sault Ste. Marie Canal traffic
Ohio River cargo traffic
__
Barge traffic on Mississippi River.
Agricultural loans
_
Wisconsin factory earnings and employment

MISSISSIPPI-WARRIOR SERVICE _. _
WAR FINANCE CORPORATION
WISCONSIN INDUSTRIAL COMMISSION.

_.

Last week of month.
Middle of next month.
30th of month.
Monthly.
Second or third weekly
issue of month.
20th of month.
First weekly issue of
month (Mondays).

10th of month.
Last day of month.
Monthly.

Classified collections of Internal Revenue. 25th of month.
Not published
__
Monthly statistical report
Not published
Not published.
Not published in form used__
Bulletin on Wisconsin labor market*

Monthly during season.
15th of month.

II.—REPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS
ABRASIVE PAPER AND CLOTH MANUFACTURERS' EXCHANGE.
AMALGAMATED ASSOCIATION OF IRON, STEEL,
AND TIN WORKERS.
AMERICAN BUREAU OF METAL STATISTICS
AMERICAN DRY MILK INSTITUTE...
AMERICAN ELECTRIC RAILWAY ASSOCIATION...
AMERICAN FACE BRICK ASSOCIATION
AMERICAN NEWSPAPER PUBLISHERS' ASSOCN..
AMERICAN IRON AND STEEL INSTITUTE

Sales of abrasive paper and cloth

_

Not published

Wages, steel workers, Youngstown district

Trade papero.

Copper, silver, lead, arsenic—production, etc
i Not published
Powdered milk sales
Monthly report*
Passengers carried, electric railways
* ~~~
Aera
Face brick production, stocks, etc.
Trends in the Face Brick" Industry.
Stocks of newsprint paper
Monthly report
Steel ingot production
Press release to trade papers*..
Trackwork production._
_. Trade papers
Hardware sales and accounts
__
Monthly report*

Bimonthly.
Monthly.
Monthly.
Monthly.
7th of month.
Quarterly.

AMERICAN IRON, STEEL, AND HEAVY HARDWARE ASSOCIATION.
AMERICAN PAPER AND PULP ASSOCIATION
Paper and wood pulp production, etc
Monthly report*..
AMERICAN PETROLEUM INSTITUTE
Gasoline and kerosene consumption
Bulletin..
AMERICAN RAILWAY ASSOCIATION (Car Serv- Freight car surplus and shortage..
_._
Car Surpluses and Shortages*.
Weekly.
ice Division).
Car loadings and bad-order cars and locomotives Information Bulletins*
Weekly.
Walnut lumber and logs
AMERICAN WALNUT MFRS.' ASSOCIATION
Not published
AMERICAN WASHING MACHINE MANUFAC- Washing machine sales
__
_
Not published
TURERS' ASSOCIATION.
AMERICAN ZINC INSTITUTE
Production and stocks zinc, retorts operating
Press release to trade papers *
,
13th of month.
ANTHRACITE BUREAU OF INFORMATION
Anthracite shipments, etc., and mine employ- Statement of anthracite shipments'
15th of month.
ment.
Assoc. CORN PRODUCTS MANUFACTURERS
Corn ground into starch, glucose, etc
! Not published...
ASSOCIATED MANUFACTURERS OF ELECTRICAL Electrical porcelain, laminated phenobic prod- j Not published
ucts, etc.
j
SUPPLIES.
ASSOCIATION OF COTTON TEXTILE MERCHANTS Cotton textiles, production, stocks, etc
Not published
ASSOCIATION OF LIFE INSURANCE PRESIDENTS. New life insurance business
I Not published
Premium collections
Not published.
Distribution of assets..
Not published.
BAND INSTRUMENT MANUFACTURERS ASSOCI- Band instrument sales
Not published .
ATION.
BOSTON GRAIN AND FLOUR EXCHANGE.
Receipts of wool at Boston
_
Trade papers._.
Daily.
BUREAU OF RAILWAY ECONOMICS
Average receipts per ton-mile
Not publishedMonthly.
Passengers and tonnage carried 1 mile
Summary of operating statistics
CALIFORNIA REDWOOD ASSOCIATION....
Redwood lumber production, etc
__ Not published. _
_
._
CALIFORNIA WHITE AND SUGAR PINE ASSOCN.. Sugar pine lumber production, etc
Not published
CHICAGO BOARD OF TRADE
_
Wheat, corn, and pats, receipts, etc
Trade papers
Daily.
COMMON BRICK MANFRS. ASSOCN. OF AMERICA. Common brick shipments, stocks, etc
Monthly report
_
CREDIT CLEARING HOUSE
_. Credit conditions
__
Weekly.
CreditELECTRIC HOIST MANUFACTURERS ASSN
Electi ic hoists, orders and shipments
Not published
ELECTRIC POWER CLUB
_. Electric motors, orders and billings
Not published
EMPLOYERS' ASSOCIATION OF DETROIT
Detroit factory employment
Weekly press release..
ENAMELED SANITARY WARE MFRS. ASSOCN.. Enameled sanitary ware, orders, etc
Not published
FELT MANUFACTURERS ASSOCIATION
Roofing felt production, stocks, etc
Not published
FINE COTTON GOODS EXCHANGE
Fine cotton goods production
Trade papersFOUNDRY EQUIPMENT MFRS. ASSOCIATION
Foundry equipment production
Monthly.
Report on monthly volume of businei
GLASS CONTAINER ASSOCIATION
Glass container production, etc
._
_ Monthly report*
HARDWOOD MANUFACTURERS INSTITUTE
Hardwood lumber, stocks, etc
__
Monthly report
.
i Imports and exports of gold and silver in Part II.
*Multigraphed or mimeographed sheets.




154
SOURCES OF DATA—Continued
SOURCE

I

DATA

CURRENT PUBLICATION *

DATE OF PUBLICATION

II.-EEPORTS FROM COMMERCIAL AND TRADE ASSOCIATIONS—Continued
HYDRAULIC SOCIETY
_.
ILLUMINATING GLASSWARE GUILD
INTERSTATE MILK PRODUCERS ASSOCIATION...
LABEL MANUFACTURERS ASSOCIATION
LAKE SUPERIOR IRON ORE ASSOCIATION
LEATHER BELTING EXCHANGE
LIFE INSURANCE SALES EESEARCH BUREAU...
MAPLE FLOORING MANFRS. ASSOCIATION
MINNEAPOLIS CHAMBER OF COMMERCE
MOTOR AND ACCESSORY MFRS. ASSOCIATION...
NATIONAL ALLIANCE OF CASE GOODS ASSOCN.
NATIONAL ASSOCIATION OF BRASS MFRS._
NATIONAL ASSOCIATION OF BUTTON MFRS
NATIONAL ASSOCIATION OF CHAIR MFRS
NATIONAL ASSOCIATION OF FINISHERS OF COTTON FABRICS.
NATIONAL ASSOCIATION OF GLUE MANUFACTURERS.
NATIONAL ASSOCIATION OF PIANO BENCH AND
STOOL MANUFACTURERS.
NATIONAL ASSOCIATION OF EEAL ESTATE
BOARDS.
NATIONAL ASSOCIATION OF STEEL FURNITURE
MANUFACTURERS.
NATIONAL ASSOCIATION OF SHEET AND TIN
PLATE MANUFACTURERS.
NATIONAL AUTOMOBILE CHAMBER OF COMNATIONAL BOILER AND RADIATOR ASSN
NATIONAL ELECTRICAL CREDIT ASSOCIATION..
NATIONAL FERTILIZER ASSOCIATION

Steam, power, and centrifugal pumps
Illuminating glassware production, orders, etc._
Milk receipts at Philadelphia....
Label orders
1
Consumption, stocks, and shipments, iron ore_.
Sales of leather belting
Life insurance sales, ordinary
Maple flooring production, etc
Linseed oil and oil-cake shipments
Sales of accessories and parts
Unfilled orders and shipments of furniture
Brass faucets, orders and shipments
Button stocks, activity, etc
Chair shipments and unfilled orders
Finished cotton goods, billings, orders, shipments, and stocks.
Shipments of animal glues

Not published
Not published
Monthly
Not published
Monthly report*
Monthly report (not published).
Monthly release
Not published
Monthly statement
Business Bulletin
Not published in form used
Not published
Weekly report
Not published in form used
Not published

Production, shipments, and unfilled orders of
piano benches and stools.
Real estate conveyances

Not published __

Steel furniture shipments, orders, etc.

Not published__

Steel sheets, production, stocks, etc..

Not published __

" Multigraphed or mimeographed sheets.




Monthly.
Weekly.

Not published...
Bulletin

Production and shipments of passenger cars Traffic bulletin* (production figures not
published).
and trucks.
J
Not published...
Cast iron boilers and radiators
Not published__
Credit conditions
Acid phosphate production, etc., and fertilizer Not published ..
consumption in southern st ates.
Monthly press release.
Cost of living, wages and hours of labor
Not published
Machine-tool orders
Monthly report _ _
Paving-brick production, etc

NATIONAL INDUSTRIAL CONFERENCE BOARD...
NATIONAL MACHINE TOOL BUILDERS' ASSOCN.
NATIONAL PAVING BRICK MANUFACTURERS'
ASSOCIATION.
NEW ORLEANS BOARD OF TRADE
Rice distribution through New Orleans
NEW ORLEANS COTTON EXCHANGE.
._. Cotton receipts into sight
Canadian newsprint production, etc
J^EWS PRINT SERVICE BUREAU
United States newsprint data since June, 1923..
NEW YORK COFFEE AND SUGAR EXCHANGE... Coffee receipts, stocks, etc
Tin stocks and deliveries
NEW YORK METAL EXCHANGE
Loans to brokers
NEW YORK STOCK EXCHANGE
NORTH CAROLINA PINE ASSOCIATION
North Carolina pine, production, etc
NORTHERN HEMLOCK AND HARDWOOD MANU- Hemlock and hardwood lumber production,
FACTURERS' ASSOCIATION.
etc.
Northern pine lumber and lath
NORTHERN PINE MANFRS. ASSOCIATION.
OAK FLOORING MANFRS. ASSOCIATION
Oak flooring, production, etc
Ohio foundry iron production, etc
___.
OHIO STATE FOUNDRYMENS' ASSOCIATION
PACIFIC CANNED FISH BROKERS' ASSOCIATION- Shipments of canned salmon
Plywood bookings
PACIFIC COAST PLYWOOD MFRS. ASSOCN. __
Paperboard shipping boxes and boxboard proPAPERBOARD INDUSTRIES ASSOCIATION
duction, etc.
Milk receipts at Philadelphia
PHILADELPHIA MILK EXCHANGE...
Plate glass production
PLATE GLASS MFRS. OF AMERICA
Plywood bookings, etc
PLYWOOD MANUFACTURERS' ASSOCIATION
PORTLAND ASSOCIATION OF BLDG. OWNERS Rental advertisements, Portland, Oreg
AND MANAGERS.
Cement paving contracts
PORTLAND CEMENT ASSOCIATION.
PREPARED ROOFING MANFRS. ASSOCIATION
Shipments of prepared roofing
RICE GROWERS' ASSOCIATION OF CALIFORNIA__ Receipts, stocks, and shipments (Calif, mills).
Rice receipts, stocks, etc
RICE MILLERS' ASSOCIATION
Shipments of rope paper sacks
ROPE PAPER SACK MANFRS. ASSOCIATION
Rubber tires, heels, fabrics, crude stocks, etc—
RUBBER ASSOCIATION OF AMERICA.._
Rubber stocks in England
RUBBER GROWERS' ASSOCIATION
SALES BOOK MANUFACTURERS' ASSOCIATION__ Shipments and orders of sales books
SAVINGS BANK ASSOCIATION OF STATE OF Savings banks deposits in New York State
NEW YORK.
Raw silk consumption, machinery activity, etc.
SILK ASSOCIATION OF AMERICA
Cypress production, etc
SOUTHERN CYPRESS MANFRS. ASSOCIATION
_.
SOUTHERN FURNITURE MFRS. ASSOCIATION— Furniture shipments and unfilled orders
SOUTHERN PINE ASSOCIATION
... Yellow pine production and stocks
_
STEEL BARREL MANUFACTURERS' ASSOCIATION Steel barrel capacity operations
Sales of steel castings
STEEL FOUNDERS' SOCIETY..
Sales of fabricated structural steel
STRUCTURAL STEEL SOCIETY
TIGHT BARREL CIRCLED HEADING MFRS. ASSN. Circled headings for wooden barrels
Tubular
plumbing sales
TUBULAR PLUMBING GOODS ASSOCIATION
Stocks of turpentine and rosin
TURPENTINE AND ROSIN PRODUCERS ASSN
—.
TWIN CITY MILK PRODUCERS' ASSOCIATION... Milk production, Minnesota
Printing activity
UNITED TYPOTHETAE OF AMERICA
Vacuum cleaner sales
VACUUM CLEANER MANUFACTURERS ASSN
Douglas fir lumber production, etc
WEST COAST LUMBERMEN'S ASSOCIATION
Sales of elastic webbing
WEBBING MANUFACTURERS' EXCHANGE—
WESTERN PINE MANUFACTURERS' ASSOCIATION Western pine lumber production, etc
WESTERN SHEET AND TIN PLATE MANUFAC- Prices of steel sheets, Youngstown district..
TURERS ASSOCIATION.
Rotary cut veneer receipts and purchases
WlREBOUND BOX MANUFACTURERS ASSN

ISth of month.

Monthly report
Monthly report
Monthly bulletin.__
Monthly bulletin. __
Montjily statement.
Trade papers
Financial papers
Not published
Not published
Not published..
__
Not published
_.
Monthly report* (not published)..
Not published
Not published
Not published
_.

Second week of month,

21st of month
First week of month.
First week of month.
First week of month.
First week of month.
5th of month.

Monthly.

Not published..
Not published.
Not published.
Not published.
Monthly.
Concrete Highway Magazine.
Not published..
_
Not published
Monthly report
Not published.
Monthly reports (not published)
Bulletin of Rubber Growers' Association. Monthly.
Not published
Not published in form used
._
Monthly press release to trade papers*
5th of month.
Weekly barometer...
Not published in form used
Not published in form used
Monthly reports" (not published)
Not published
Not published
Not published—
Semiweekly reports
Not published
Not published
Typothetae Bulletin
Monthly.
Trade papers
_
Not published...
Not published
_..
Not published
Trade papers
._ Bimonthly.
Weekly report..

155
SOURCES OF DATA—Continued
DATE OF PUBLICATION

HI.—REPORTS FROM TECHNICAL PERIODICALS
\METiic AN METAL MARKET
TEE ANNALIST

Composite pig iron and steel prices
_
Stock sales
Stock prices
State and municipal bond issues
THE BOND BUYER
Municipal bond yields
Visible supply of grains
BRADSTREET'S
Bank clearings, United States and Canada _ _
Wholesale price index
Business failures, Canada
CHEMICAL AND METALLURGICAL ENGINEERING
Chemical price index __
._ .
Mine price of bituminous coal
CO\L \GE
COMMERCIAL AND FINANCIAL CHRONICLE
_
Cotton, visible supply
Interest rates __
New corporate securities
Fairchild cotton goods index
DAILY NEWS RECORD
Dow JONES & Co (WALL STREET JOURNAL)
New York bond sales and prices
Mexican petroleum shipments
Business failures and wholesale price index
DUN'S REVIEW
- Sales of electrical energy, central stations
ELECTRICAL WORLD
Household enameled ware._-_
ENA.MELIST
__
ENGINEERING AND MINING JOURNAL-PRESS
Rand gold production; tin, lead, zinc, copper, and silver
prices.
Construction cost index
ENGINEERING NEWS RECORD
Canadian bond issues
FIN \NCI\L POST
HAY TRADE JOURNAL
_ _
Hay receipts
_ _Pig-iron production, furnaces in blast, etc
__
IRON AGE
IRON TR\DE REVIEW
- Iron and steel prices
JOPLIN GLOBE
Shipments, etc., zinc and- lead ore, Joplin district
Fire losses in Great Britain
LONDON TIMES
LUMBER MANUFACTURER AND DEALER
__
Price indexes of lumber
Milk receipts at Greater New York
MILK REPORTER
_
Turpentine and rosin, receipts and stocks
NIVAL STORES REVIEW
NEW YORK JOURNAL OF COMMERCE
Dividend and interest payments
New capital issues and new incorporations
Fire losses
NEW YORK EVENING POST
Newspaper advertising
_
_ _
NORTHWESTERN MILLER
Flaxseed, receipts etc
OIL, PAINT, AND DRUG REPORTER
__
_ _ Price indexes of drugs, oil, etc
_ _
Argentine visible supply of flaxseed
O I L TR'\T>E JOURNAL
_ _ _ _ __
__
Mexican petroleum shipments
PFINTEPS' INK
M^agazine advertising
PRINTERS' INK MONTHLY
National advertising in newspapers
PUBLISHERS' WEEKLY
_
_ Book production
__
___
__
RAILWAY A.GE
Equipment orders
RUSSELL'S COMMERCIAL NEWS
- _ _ _ _ _ _
Wheat flour production, from July, 1920
STiTISTF!\L S U G \ R TRADE JOURNAL
Sugar stocks receipts, meltings, and Cuban statistics
WORLD RUBBER POSITION (BRITISH).
_ _
World shipments and stocks, plantation rubber
SOURCE

DATA

First or second week of month (daily) .
First weekly issue of month (Fridays) .
Weekly (Fridays).
First weekly issue of month (Saturdays).
First weekly issue of month (Saturdays).
Weekly (Saturdays).
First weekly issue of month (Saturdays).
Second weekly issue of month (Saturdays)
First weekly issue of month (Saturdays).
Weekly (Wednesdays).
Weekly (Thursdays)
.
Weekly (Saturdays1).
Weekly (Saturdays').
Last weekly issue of month (Saturdays).
First week of month (daily) .
20th of month (daily).
First weekly issue of month (Saturdays) .
First weekly issue of month (Saturdays).
Monthly.
Second weekly issue of month (Saturdays).
First weekly issue of month.
Weekly (Thursdays).
Weekly (Fridays).
First weekly issue of month (Thursdays) .
Weekly (Thursdays) .
First weekly issue of month (Fridays) .
Weekly.
Weekly (Saturdays) .
First week of month (daily) .
First week of month (daily) .
10th of month (daily) .
Not published.
Weekly (Wednesdays).
Weekly (Mondays).
Weekly (Mondays).
10th of month (monthly).
Second week of month.
Monthly.
Third week of month.
Fourth week of month (Wednesdays) .
Weekly (Fridays).

CURRENT PUBLICATION 1

DATE OF PUBLICATION

IV.—REPORTS FROM PRIVATE ORGANIZATIONS
(Excluding individual firms reporting data to be combined with other firms or trade associations)
ABERTHAW CONSTRUCTION Co__
AMERICAN APPRAISAL Co
AMERICAN TELEPHONE & TELEGRAPH Co
BOSTON, CAPE COD & NEW YORK CANAL Co.
CHILDS Co
CLEVELAND TRUST Co
COMPAGNIE UNIVERSELLE DU CANAL MARITIM E DE SUEZ.
DlCKSON, R. S., & CO

.

DODGE, F. W., CORPORATION
GENERAL MOTORS CORPORATION
HAFFARDS, G. M.f & Co
LLOYDS'
KING, CLYDE L
KRESGE, S. S., Co
KRESS, S. H., & Co
MCLEAN BUILDING REPORTS, LTD
MCCRORY STORES CORPORATION
NEW YORK TRUST Co
OHIO STATS UNIVERSITY, BUREAU OF BUSINESS
RESEARCH.
OWL DRUG C o _ _
PENNEY, J. C., Co
_
PENNSYLVANIA RAILROAD Co
POLK, R. L., & Co..
PULLMAN Co
SANFORD <£ KELLEY
SCHULTE, A., INC
SEARS, ROEBUCK & Co
SEIDMAN & SEIDMAN
_
UNITED CIGAR STORES Co_.
U. S. STEEL CORPORATION.
WALDORF
SYSTEM, INC.
W T ARD, MONTGOMERY, & Co.
WOOLWORTH, F. W., & Co

Building costs
Construction costs
Stockholders in the company
Cape Cod Canal traffic
Restaurant sales_ Dividends paid on industrial stocks..
Suez Canal traffic

Construction trade papers..
American Appraisal NewsFinancial papers
Not published
Monthly report
Bulletin
Le Canal de Suez

Southern cotton mill stocks index
Building contracts
Sales of closed cars, sales to dealers and to users...
Fall River cotton mill dividends
World ship construction
Milk receipts of Baltimore
Chain-store sales
Chain-store sales
Canadian building contracts
C hain-store sales
Indexes of stock and bond prices
Employment, construction industries, Ohio

Financial papers
Statement on Building Statistics..
Financial papers
Bradstreet's
New York Journal of Commerce..
Not published
Financial papers
Financial papers
Canadian Building Review
Financial papers
The Index. _.
Bulletin

Chain-store sales
Chain-store sales
Stockholders in the company
New passenger-car registrations
Pullman passenger traffic and operations
New Bedford cotton mill dividends
Chain-store sales
Mail-order sales..
Fur purchases and sales furniture in Grand
Rapids district.
Chain-store sales.,_
Unfilled orders.
Earnings
Stockholders
Wages of common labor..
Restaurant sales
Mail-order sales
C hain-store sales

Financial papers
Financial papers
Financial papers
National New Car Reporting Service*
Not
I ot published.
pu
iradst
Bradstreet's
Finanical papers.
Financial papers _
Not published

* Multigraphed, mimeographed, or duplicated sheets.




Financial papers
Press release*
Press release* _ _
_
Financial papers
Special reports*
Monthly press release*.
Financial papers
Financial papers

Monthly.
Third week of month.
Monthly.
Quarterly.
5th, 15th, and 25th ol
month.
Weekly.
Monthly.
Monthly.
Quarterly.
Monthly.
First week of month.
First week of month.
Monthly.
First week of month.
Monthly.
Monthly.
First week of month.
Quarterly.
Monthly.
Quarterly.
First week of month.
10th of month.
Monthly.
Quarterly.
Occasionally.
First week of month.
First week of month.




GENERAL INDEX
Page numbers refer to data in detailed tables (pp. 22-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also "Table of Contents/' page 1.
Page
Page
Canada—Continued.
Beef consumption, exports, producForeign-exchange rates and
tion, prices, etc
85, 142
trade
126,127,128,129
Belgium:
Iron and steel production
34, 35
Foreign-exchange rates
126,127
Life-insurance sales
117
Foreign trade with.. _
128, 129
Belting, leather, sales
53
Methanol refining
73
Newsprint paper, production,
Benches, piano
_ _ 67
Boilers, cast-iron, production, shipetc
56
Oats and oatmeal
81
ments, etc
39
Railroad operations
94
Bonds:
Wheat-flour production
79'
Government, outstanding. _ 118, 149
Held by life-insurance comWheat grindings, stocks and
exports
79,80
panies
117
New issues
122, 123; 147 Canals, through traffic
93
Prices, sales, and yields. 121, 123, 147 Candy, sales, chain stores
106, 107
Tax-exempt, outstanding
122 Canned goods:
Milk, condensed, evaporated and
Book paper production, etc.
58
powdered
86, 87
Books, publication
^
56
Salmon
90
Boots and shoes. (See Shoes.)
Boston:
Cape Cod Canal, traffic
93
Milk receipts
87 Capital issues. (See also Securities.)
Wool receipts
26, 132
Taxes on issues and transfers
109
Box-board production, receipts, etc.. 57
Output of
122,123,147
Boxes, paper, production, etc
57 Cars, railroad:
Bradstreet's, price index
... 24
Loadings, shortage and surplus. 96
Brass faucets, orders and shipments. 44
New orders
98
Shipments, orders, installations,
Brazil:
Coffee, receipts and clearetc
97,145
ances
90, 143 Castings, malleable, steel and trackwork
38, 134
Foreign-exchange rates
126, 127
Cast-iron boilers and radiators
39
Brick:
Housing costs
60 Cattle receipts, shipments, prices and
slaughter
83, 142
Production, stocks, prices, etc.. 69,
70, 139 Cement production, stocks, shipments and prices
70, 139
British
India, foreign-exchange
(See Grains.)
rates
126, 127 Cereals.
Chain stores, sales
106, 107, 108, 109
Brokers:
Check payments
119, 147
Failures
124, 148 Cheese:
Loans to
120
Exports from Canada
88
Building:
Production, receipts, prices, imContracts awarded.
61
ports, etc
88
Cost indexes, losses, etc
60
Employment in Ohio
100 Chemicals:
Employment
index
100
Security issues.
123
Exports, imports, production
Building materials:
and prices
71, 74, 140
Price indexes
24, 60, 139
Pay-roll index
104
Unfilled-order index
23
Price indexes
24, 74
Burlap imports
32
Time operations, factory, index
failures
124, 148
Babbitt metal consumption
47 Business
number
105
Butter
production,
receipts,
etc
88
Bad-order cars
97 Buttons, pearl, production and stocks. 27
Wood distillation and alcohoL 72, 73
Bad-order locomotives
95
Childs Co., restaurant sales
109
Baltimore milk receipts
87
Chile:
Band instrument sales
47 California:
Foreign-exchange rates
126, 127
Banks:
Petroleum stocks
48
Nitrate production
74
Clearings, condition, interest
Redwood and white-pine lumber,
China, vitreous, plumbing fixtures 68
rates, etc
119, 120, 147
production, shipments, etc
63 Cigars and cigarettes:
Failures
124, 148
Rice stocks
82
Consumption and exports
91, 144
Farm loans
122 Canada:
Sales, chain stores
106, 107, 109
Barley:
Automobiles, production and exCircled headings, production, shipExports, prices, receipts and
ports
42
ments, etc
66
stocks
81,139
Bond issues
122 Circulation, money and notes
118,
Production (crop estimate)
78
Building contracts awarded
61
119, 149
Barrels:
Business failures
124 Citrus fruits, car-lot shipments
82
Steel
37
Canal traffic
93 Clay and glass products:
Wooden headings
66
Cheese exports
88
Employment index
100
Basic commodities, production, index
Coal production and consumpPay-roll index
104
numbers
22
tion
12
Production, prices, etc _ 68,69,70,139
Baths, enamel, orders, etc
40, 140
Employment
101,102
Time operations
105

Page
Abrasives, paper and cloth
59
Accessories, automobile
42, 43, 145
Acetate of lime, production, shipments, etc
72
Acid phosphate, production, stocks,
etc
74
Acid, sulphuric, price and exports. 41, 74
Active textile machinery
26, 30
Advertising:
Magazine and newspaper
66, 115
Rentals, Minneapolis and Portland, Oreg
60
Agencies, employment
102
Agents and brokers, failures
124, 148
Agriculture:
Price indexes
+
24, 25
Production, index numbers
22
Agricultural implements.
41, 47
Agricultural loans
122
Agricultural pumps, shipments
41
Alcohol, ethyl, and wood (methanol) _ 72,
73
American Telephone & Telegraph
Co., stockholders
125
Animal fats and glues, production,
stocks, etc
76
Animal products:
Price index
25
Production, index numbers
22
Apartments, bond issues
123
Apples:
Production (crop estimate)
78
Stocks and shipments
82
Architectural terra cotta
69
Argentina:
Flaxseed exports, visible supply. 75
Foreign-exchange rates
126, 127
Foreign trade with
128, 129
Arsenic, crude and" refined
47
Assets, life-insurance companies
117
Automobiles:
Accessories, registrations, etc
43
Advertising, national, in newspapers
66
Earnings
125
Production, exports, taxes, etc__ 42,
145
Tires and tubes
55




(157)

158
Page numbers refer to data in detailed tables
references easy without the necessity of an index.
Page
Cleaners, vacuum.
47
Clearings, bank
119, 147
Clothing:
Advertising, national, in newspapers
66
Cost indexes
24, 25
Production, stocks, etc
27
Rubber-proofed
55
Coal:
Employment, anthracite mines._ 100
Loadings, freight cars
96
Prices, production, stocks, exports, etc
33,136
Retail-price index
25
Coconut oil (or copra), consumption,
stocks, etc
75, 76, 77
Coffee, imports, stocks and Brazilian
movements
90, 143
Coke:
Production, exports and prices.- 35,
136
Coal consumption
33
Cold-storage holdings:
Apples
82
Butter and cheese
88
Eggs, poultry and
fish
90
Meats
84,85
Concrete pavements, contracts
70
Condensed and evaporated milk
86
Condition, banks
119
Construction, building:
Contracts awarded
61
Cost and volume indexes
60
Employment in Ohio
100
Security issues
123
Consumption:
Chemicals and oils
74,
75, 76, 77, 140
Coal
33,136
Cotton and fabrics
29, 55
Iron ore
34
Meats and dairy products
84,
85, 87, 88
Petroleum products
48, 49, 50
Pulp and paper products. _ 56, 57, 58
Rubber
54,55
Tobacco
91,144
Wheat
flour
79
Wool
26
Containers:
Glass, production, etc
68
Paper, production, etc
57
Conveyances:
Capital stock, taxes on
109
Real estate
60
Copper, exports, prices, production,
etc
44, 135
Copra oil (or coconut), production,
consumption, and stocks
75, 76, 77
Corn:
Production (crop estimate)
78
Receipts, grindings, exports, etc. 80,
141
Corn oil production, consumption
and stocks
76, 77
Corporations:
Dividend payments and failures _ 124
New security issues and incorporations
122,123,147
Profits and stockholders
125
Stock and bond prices, 120, 121, 147
Cost of living indexes
25
Costs, building construction
60
Cotton:
Consumption, receipts, exports,
etc
29,131
Ginnings
29
Prices
25,28,131



22-151) only. Items in the text are arranged in groups which should make

!e also "Table of Contents," page 1.

Page
Cotton fabrics:
Cloth, exports
30
Consumption by tire manufacturers
55
Fine goods, production
30
Prices, wholesale, print cloth
and sheetings
28, 131
Production, stocks and unfilled
orders
31
Cotton finishing, billings, shipments,
etc
30
Cotton mills:
Dividends, Fall River and New
Bedford
30,131
Spindle activity
30
Stock prices, southern mills
120
Cotton yarns, wholesale prices
28, 131
Cottonseed stocks
75
Cottonseed oil:
Production, consumption, stocks,
etc
75 ? 77
Wholesale price
75,140
Credit:
Bank
119
Conditions by trades
114
Farm
122
Crops:
Cotton production
29
Food production and value
78
Marketings, index numbers
22
Price indexes
24
Tobacco production
91
Cuban sugar movement
89
Customs receipts
118, 149
Cypress, southern, production, etc.__ 66

Page
Electric power:
Fuel consumption
33, 50
Production and sales
99
Electrical trade delinquent accounts. 114
Electric trucks and tractors, shipments
43
Electric washing machine sales
41
Electrical products (motors, porcelain, etc.)
46, 66
Emigration
98
Employment:
Agencies, State and municipal. _ 102
Factory,
mines,
railroads,
etc
100,101
Time
_ _ . 104, 105
Enameled ware orders, shipments
and stocks
40, 140
Engines, internal-combustion, patents
granted
41
England. (See United Kingdom.)
Equipment:
Agricultural, sales
47
Fire-extinguishing, shipments _ _ 47
Foundry, orders, sales and shipments
... 41
Railway, orders, shipments,
etc
95,97,98,145
Essential oils, wholesale-price index. _ 74
Ethyl alcohol
73
Expenditures, United States Government
118, 149
Exports. (See Foreign trade and
individual commodities.)
Explosives, production, shipments,
stocks and sales
71
Express earnings
94

Dairy products:
Butter and cheese
88
Milk
86,87
Price indexes
25
Debits to individual accounts
119
Debt, United States Government
118
Delaware employment and earnings. 101,
103
Delinquent accounts electrical trade,
etc
114
Department store sales and stocks,
indexes
110, 111
Deposits, bank and savings. 119, 120, 149
Detroit employment
101
Discount rate, New York Federal
Reserve Bank
119
Dividends, textile mills
30, 131
Douglas fir lumber, production, shipments, orders, etc
62, 138
Dress goods, wholesale prices
28
Drugs:
Price indexes
24, 74
Sales, chain stores
106, 107, 109
Wholesale trade
112
Dry goods:
Prices, wholesale
28
Wholesale trade
114
Dun's price index
24
Dyes and dyestuffs, exports
71

Fabricated structural steel bookings
and shipments
36, 134
Fabrics, rubber-proofed
55
Face brick production, shipments,
etc
69
Factories. (See Manufactures and
Industrial corporations.)
Failures, business
121, 148
Fall River textile-mill dividends. 30, 131
Farm implements, patents granted. _ 41
Farm loans
122
Farm mortgages held -by life-insurance companies
117
Farm products:
Price indexes
24, 25
Production indexes
24
Farm wages
102
Fats, animal, grease and derivatives. 76
Faucets, brass, orders and shipments. 44
Federal-aid highways completed
70
Federal farm-loan and intermediate
credit banks, loans
122
Federal reserve banks and member
banks, condition
119
Federal Reserve Board, production
indexes
22
Federal reserve districts:
Chain-store sales
106,107
Department-store trade index
numbers
110, 111
Wholesale trade index numbers. 113
Felt roofing, production and stocks__ 67
Fertilizer exports, consumption,
^etc
1- 74, 140
Fiber, vulcanized, sales and consumption
46
Fibers, imports
32
Finance:
Advertising, national, in newspapers
66
Banking
119,120,147,149

Earnings:
Corporations, classified
125
Labor
103, 105
Public utilities
99
Railroads and express companies
94
United States Steel Corp
35, 134
Eggs, receipts and cold-storage holdings
90
Elastic webbing sales
32
Electric locomotive shipments
43, 95

159
Page numbers refer to data in detailed tables (pp. 22-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also " Table of Contents/' page 1.
Page
Finance—Continued.
Government
118,149
Securities
121, 122, 123
Fine paper
58
Finishing cotton
30
Fire-extinguishing equipment, shipments
47
Fire losses
60
Firearms and shells, internal-revenue
taxes on
109
Fish catch and cold-storage holdings
90, 142
Fish oil production, consumption
and stocks
77
Flaxseed receipts, shipments, stocks,
etc
75, 76, 140
Flooring:
Production, shipments, etc
65
Price, southern pine
62
Floor and wall tile, production, shipments, etc
69
Flour, wheat, production, consumption, stocks, etc
79, 141
Food:
Advertising, national, in newspapers
66
Earnings
125
Exports
_
T 130, 151
Factory empk^ment index
100
Imports
130, 150
Pay-roll index
104
Price indexes
24, 25
Stock indexes
23
Time operations, factories
105
Foreign bonds, prices and issues. 121, 123
Foreign-exchange rates
126, 127
Foreign stockholders
125
Foreign trade:
Canadian exports and imports __ 126
United States exports.. 129, 130, 151
United States imports. 128, 130, 150
Vessels in United States ports .92, 144
Forest products:
Car loadings
96
Production, index numbers
22
Foundry equipment, orders, sales
and shipments
41
Foundry iron, meltings, prices, etc.. 34,
39, 133
France:
Foreign-exchange rates
126, 127
Foreign trade with. 128,129, 150, 151
Freight cars:
Loadings, shortage and surplus _ _ 96
Shipments, installations, orders,
etc
97,145
Freight rates, ocean
92
French serge, wholesale prices
28
Fruits:
Farm prices
25
Shipments, car-lot
82
Fuel:
Consumption, production, etc__ 33,
48, 49, 50, 99, 133, 136
Cost of, index numbers
24, 25
Fur sales and purchases
32
Furnishings, house, price index
24
Furniture:
Household
67
Steel, office
36
Gas and electric companies, earnings
(see also Public utilities)
99
Gas and fuel oils, consumption, production, stocks and prices
50, 133
Gasoline consumption, exports, price,
production, stocks, etc
49, 133
Gelatin, edible, production and
stocks
76
General Motors Corporation, sales. _ 43
Germany, foreign trade with
150, 151




Page
Ginnings, cotton
29
Glass production, etc
68
Gloves and glove leather
53
Glues, animal, production and stocks. 76
Gold receipts, exports, imports, and
Rand output
118, 149
Government, Canadian, bond issues._ 122
Government, U. S.:
Bonds, prices, holdings, etc
117,
121, 122
Employment in Washington
100
Finances, debt, etc
118, 149
Postal business
115, 120, 149
Grains:
Exports, receipts, prices, etc
80,
81, 139,141
Farm-price indexes
25
Loadings
96
Production (crop estimates)
78
Grand, F. & W., sales
108
Grease, production, consumption,
and stocks
76
Great Britain. (See United Kingdom.)
Groceries:
Sales, chain stores
106
Wholesale trade
112
Gum lumber stocks
64
Ham, smoked, prices
84
Hardware, wholesale trade
113, 114
Hardwood lumber, production, stocks
and shipments
64, 67
Harness leather
'
52
Hay:
Production (crop estimate)
78
Receipts
82
Headings, barrel
66
Heels, rubber, production, shipments,
etc
55
Hemlock, northern, lumber
63
Hides and skins, imports, prices,
stocks..
51, 137
Highway construction
70
Hogs, prices, receipts, shipments, and
slaughter _ _
83, 142
Hoists, electric
46
Hosiery, production, stocks, etc
27

Hotels:

Advertising
Bond issues
Hours, factory operations

66
123
26,
30, 32, 104, 105

Household:
Enameled ware, activity
40
Furnishings, price indexes
24
Furniture, advertising, shipments, etc
66,67
Housing:
Construction
61
Cost of, index numbers
25,60
Rental advertisements
60
Ice-cream production
87
Illinois, employment and earnings. 101,103
Illuminating glassware, production,
shipments, stocks, etc
68
Immigration
98
Imports. (See Foreign trade and
Individual commodities.)
Incorporations, new
122, 147
Indebtedness, wholesale trade
114
India. (See British India.)
Industrials. (See Manufactures and
Corporations.)
Instruments, musical:
Advertising, national, in newspapers
66
Band, sales
47

Page
Insurance, life:
Assets and sales by districts
117
New business and premium collections
116,146
Interest rates.
119, 120, 121, 123, 147
Internal-revenue taxes:
Automobiles
42
Firearms,
jewelry, theaters,
bonds, stocks, etc
109
Investments:
Banks
119
Life-insurance companies
117
Iron and steel:
Barrels and drums
37
Boilers and radiators, cast-iron_ _ 34
Castings, malleable, steel and
trackwork
38, 134
Employment index
100
Enameled sanitary ware
40, 140
Exports and imports
36, 134
Fabricated steel products
36, 134
Foundry iron meltings, prices,
etc
... 34,39,133
Ingots, steel, production, prices,
etc
35,134
Ore shipments, stocks, etc
34, 133
Pay-roll index
104
Pig iron production, prices, etc _ 34, 133
Railway equipment. _ 95, 97, 99, 145
Sheets, steel
37
Time operations, factory, index
number
105
Unfilled-orders index
23
U. S. Steel Corp., unfilled orders
and earnings
35, 134
Vessels, construction
92, 144
Wages
102
Issues, new capital
122, 123
Italy:
Foreign-exchange rates
126, 127
Foreign trade with 128,129, 150,151
Japan:
Foreign-exchange rates
126,127
Foreign trade with
128, 129
Jewelry, watches and clocks, internal-revenue taxes on
109
Joint-stock land banks, loans.
122
Joplin District, lead and zinc shipments
45, 135
Kerosene oil production, consumption, stocks, etc
49, 133
Knit underwear production, shipments, etc
27
Kresge, S. S. Co., sales
108
Kress, S. H. & Co., sales
108
Labels, paper, orders
59
Labor:
Earnings
102, 103
Employment
101
Time worked
104, 105
Lamb, cold-storage holdings, production, etc
85, 142
Lard production, exports, etc
84
Lath, northern pine
63
Lavatories,
enamel,
shipments,
orders, etc
40, 140
Lead production, receipts, shipments,
prices, etc
45, 135
Leather:
Employment index
100
Factory time operations, index._ 100
Glove production and stocks
53
Sole, upper, harness and skivers,
production, etc
52, 137
Pay-roll index
104
Products (shoes, gloves, and
belting)
53, 137
Leather, artificial, shipments, etc
32

160
Page numbers refer to data in detailed tables (pp. 22-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Life insurance:
Assets and sales by districts
117
New business and premium collections
116,146
Light, cost of, index number
25
Linseed oil:
Production, consumption, and
stocks
77
Shipments
75, 140
Linseed-oil cake, shipments
75
Livestock:
Loadings
96
Marketings, indexes
22
Price to farmers, indexes
25
Receipts, shipments, prices, and
slaughter
83,142
Living, cost of
25
Loadings, freight cars
96
Loans:
Agricultural
117, 122
Bank
119
Brokers
120
Life-insurance policies
117, 146
Locomotives, exports, shipments, etc_ 43,
95, 145
Logs, walnut
64
Losses:
Business
124, 148
Fire_
60
Ships
1
92, 144
Lubricating oil, production, stocks,
consumption, and price
50, 133
lumber:
Employment index
100
Factory time operations index__ 105
Pay-roll index
104
Production,
exports, stocks,
prices, etc___ 62, 63, 64, 65; 66, 138

Metals and minerals—Continued.
Price indexes
24
Production indexes
22
Time operations, factory, index
number
105
Methanol, production, shipments,
exports, stocks, price
72, 73
Metropolitan Stores Corp., sales
108
Mexico, petroleum shipments and
stocks
48
Milk, receipts, production, exports,
etc
86, 87, 142
Minerals, production, index numbers _ 22
Minneapolis:
Linseed oil and cake shipments. 75
Milk production
87
Rental advertisements
60
Mississippi River cargo traffic
93
Money in circulation
118, 149
Money orders, postal
115
Mortgages:
Held by farm banks, etc
' _ _ 122
Held by life-insurance companies
_
117
Issued for real-estate bonds
123
Motors, electric
46
Municipal bonds, new issues and
yields
121, 122, 147
Music sales, chain stores
106, 107

National advertising in newspapers. _ 67
National parks, visitors
98
Naval stores receipts and stocks
71
Netherlands:
'
Foreign-exchange rates
126, 127
Foreign trade with
128, 129
New Bedford, textile-mill dividends
30, 131
New incorporations
122, 147
McCrpry Stores Corporation, sales. _ 108 New Jersey, employment and earnings.
101, 103
Machine tools, new orders
41
Machinery, sales, etc
41, 47, 125 New Orleans:
Rice shipments
82
Machinery activity:
Sugar receipts, domestic crop.. 89
Boxboard and box mills
57
43
Textile mills
26, 30, 32, 131, 132 New passenger-car registrations
122, 147
Magazines, advertising
115 New security issues
66, 115
Mail-order houses, sales
115 Newspaper advertising
Newsprint paper, exports, prices,
Malleable castings, production, shipproduction, etc
I
56, 138
ments, and orders
38
New York City:
Manufactures:
Bank clearings, debits, discount
Earnings and stockholders
125
rates, etc
119, 120, 147
Employment index
100, 101
Loans to brokers
120
Exports
.
130, 151
Milk receipts
- 87, 142
Failures and dividend payments
124 New York State:
Canal traffic
__ 93
Imports
130, 150
Employment and earnings. 101, 103
Pay-roll payments
101, 104
Savings-bank deposits
120, 149
Production, index numbers _ _
22
Securities issued, prices, etc
120, New York Stock Exchange:
Loans
to
members
120
121, 123, 147
Security sales
121, 147
Stocks on hand, index numbers. 23
Time operations
104, 105 Nitrate of soda, imports and production
74, 140
Maple flooring, production, shipments, stocks, etc
65 Nonferrous metals:
Employment index
100
Massachusetts,
employment
and
Production, etc
44, 45, 145
earnings
101, 103
Pay-roll index
104
Meats:
Time operations index
105
Farm prices
25
Wholesale trade
114 North Carolina pine lumber, production and shipments
62
Production, cold-storage holdings, etc
84,85,142 Northern hardwoods, production and
shipments
67
Men's and boys' clothing, production
27 Northern hemlock and pine lumber,
production, shipments, etc
63
Merchandise, car loadings
96
Metals and minerals (see also IndiOak:
vidual commodities):
Flooring, production, shipments,
Earnings
125
stocks, etc
65,138
Employment index
100
Lumber stocks
64
Pay-roll index
104




Oats:
-Page
Exports, price, receipts, etc.. 81, 138
Grindings and oatmeal production, Canada
81
Production (crop estimate)
78
Ocean transportation. _1
92, 144
Offal, grain, production
79
Ohio:
Foundry iron, stocks, receipts,
etc
39
Employment in construction
100
Ohio River, cargo traffic. _
93
Oils:
Essential, wholesale price index
74
Petroleum and products
48,
49, 50, 133
Vegetable and
fish
75, 77, 140
Oil wells completed
48, 133
Oleomargarine:
Production and consumption 75, 140
Consumption of chief ingredients
75, 87
Onions, car-lot shipments
82
Orders, new. (See Individual commodities.)
Orders, unfilled, index (see also Indidividual commodities)
23
Ore:
Iron shipments
34, 133
Lead and zinc shipments
45
Total car loadings
96
Outlet boxes, electrical
46
Owl Drug Co., sales
109
Panama Canal traffic
93
Paper:
Book, fine, wrapping, etc
58
Boxboard and boxes
57
Employment index
100
Newsprint, production, etc
56
Pay-roll index
104
Pulp and paper products
59
Time operations, index number. 100
Waste consumption and stocks. 57
Parks, national, visitors
98
Passengers, railroad and Pullman
94
Passenger automobiles, production,
exports, etc
42,43, 145
Passenger cars, railroad, orders, shipments, etc
98
Passports issued
98
Patents granted
41
Paving brick production, shipments,
stocks, etc
70
Payments, check
119, 147
Payments, dividend and interest. 124, 148
Pay roll, factories
101, 104
Peanuts and oil, production, consumption, and stocks
76, 77
Pearl buttons, production and stocks. 27
Pennsylvania, employment and earnings
_"
101, 103
Pennsylvania Railroad Co., stockholders
125
Penney, J. C. & Co., sales
109
Petroleum:
Capital issues.
123
Crude
48, 133
Earnings
125
Refined
49,50,133
Phenolic products, laminated
46
Philadelphia, milk receipts
87
Phosphate, acid, production, consumption and stocks
74
Piano benches and stools
67
Pig-iron prices, production, etc
34, 133
Pine-lumber production, etc., 62, 63, 138
Plate-glass production
68

161
Page numbers refer to data in detailed tables (pp. 22-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Plumbing fixtures:
Page
Enameled sanitary
40, 140
Price index and sales
44
Vitreous china, shipments, etc__ 68
Plywood bookings, shipments, etc
66
Policy loans, life-insurance companies
117
Porcelain, electric, shipments
46
Pork products, production, exports,
consumption, holdings, etc
84, 142
Portland, Oreg., rental advertisements
60
Postal receipts and money orders
115
Postal savings
120, 149
Potash imports
74, 140
Potatoes:
Car-lot shipments
•
82
Production (crop estimate)
78
Poultry:
Receipts and cold-storage holdings.
90
Price index (with dairy products)
25
Power, electric:
Fuel consumption
33, 50
Production
99
Premiums, life insurance
116, 146
Prepared roofing, shipments
67
Prices:
Brick and cement
69, 70, 139
Coal and coke
33,35,136
Cottonseed oil
75
Dairy products
25, 86, 88
Drugs and chemicals "_ 72, 74, 140
Grains and
flour
25,
79, 80, 81, 139, 141
Hides and leather
51, 52, 53, 137
Iron
34,35,133
Lumber
62,65,138
Meats and livestock.__ 25, 83, 84, 85
Naval stores
71
Nonferrous metals
44, 45, 135
Petroleum products... 48, 49, 50, 133
Plumbing
fixtures
44
Rubber
54, 137
Silver
118, 149
Steel
35, 38, 134
Sugar
89,143
Textiles
24, 28, 131, 132
Tobacco
91, 144
Price indexes (see also Prices):
Building and construction costs. 60
Farm
25
Retail
25
Stocks and bonds
120, 121, 147
Wholesale, classified
24
Printing:
Activity
56
Employment
100
Pay-roll index
104
Profits. (See Earnings.)
Production, index (see also Individual
commodities)
22
Public finance. _ _
118, 149
Public utilities:
Bonds, prices, issues, holdings,
etc
117,121,123
Contracts awarded
_ _ . 61
Dividends and earnings
99,
124, 125, 148
Production, etc
99
Publishing, book, newspaper, etc
56
Pullman, passengers carried and
operations
94
Pulp wood
59
Pumps, shipments, etc
41
Pyroxylin-coated textiles
32
Radiators, cast-iron,
shipments, etc
 433°—26


production,
11

39

Railroads:
Page
Advertising (in newspapers)
66
Dividend payments
•__ 124, 148
Employment.
100
Equipment,
shipments
arid
orders
95,97,98,145
Financial
operations
and
traffic
94,125,145
Freight-car movement
96
Fuel consumption
33, 50
Security prices, issues and holdings
117,121,123,147
Railways, electric, street
99, 124, 148
Rand, gold^output
118, 149
Raw materials:
Exports
130, 151
Imports
130, 150
Price indexes
24
Production indexes
22
Stock indexes
23
Real estate:
Conveyances
60
Bond issues
123
Receipts, U. S. Government 115, 118, 149
Refining:
Methanol___
73
Petroleum
49, 50, 133
Sugar
89,143
Vegetable oils
77
Registrations, automobiles
43
Rent:
Advertisements
60
Cost of
25
Reserves, bank
119
Restaurants, sales
109
Retail prices:
Coal
33
Food and coal indexes
25
Sugar
89
r
Retail trade
49, 65,
106, 107, 108, 109, 110, 111, 115
Rice:
Exports, imports, receipts, shipments, and stocks
82, 143
Production (crop estimate)
78
River traffic
93
Roads, construction
70
Roofing production and stocks
67
Rope paper sacks, shipments
59
Rosin receipts, stocks, and prices
71
Rubber
consumption,
imports,
prices, etc
54, 137
Rubber products, production, etc
55
Rye:
Exports, price, receipts, and
stocks
87,139
Production (crop estimate)
78
St. Lawrence Canal, traffic
93
Sacks, rope, paper, shipments
59
Sales:
Chain stores
106, 107, 108, 109
Department stores
111
Factory. (See Individual commodities.)
Mail-order houses
115
Wholesale, by districts
112, 113
Sales books shipments
56
Salmon, canned, shipments and Canadian exports
90
Sanitary ware orders, shipments, and
stocks
40, 140
Sault Ste. Marie Canal traffic
93, 144
Savings deposits
120, 149
Schulte, A. (Inc.), sales
109
Sears, Roebuck & Co., sales
115
Securities:
Held by life-insurance companies
117
New issues
122, 123, 147

Securities—Continued.
-Page
Prices and sales
120, 121, 147
Taxes on issues and transfers
109
Tax-exempt, outstanding
122
Sheep, receipts, shipments, prices,
and slaughter
83, 142
Sheets, steel
37
Shelter, prices of, index numbers
25
Shelving, steel, shipments, etc
36
Shipments. (See Individual commodities.)
Shipping:
Fuel consumption
33, 50
Ocean transportation and construction
92, 144
River and canal cargo traffic, 93, 144
Security issues
123
Shoes:
Advertising in newspapers
66
Production, prices, exports,
etc—-53,137
Rubber heels, production, shipments, etc
^ 55
Sales, chain stores
106, 107
Wholesale trade
.
113
Silk, raw:
Consumption, imports, stocks,
etc
32,132
Price
28, 132
Silver, exports, imports, production,
and prices
118, 149
Sinks, enameled
40, 140
Soda, nitrate of, production and imports
74, 140
Southern cypress, production, shipments, orders
.
66
Southern-pine lumber, production,
shipments, etc
62, 138
Steel (see also Iron and steel):
Barrels and drums
37
Castings
.
38
Earnings
35, 125, 134
Exports and imports
36, 134
Fabricated products
36, 134
Ingots, prices, etc
35, 134
Sljjeets, production, shipments __ 37
Unfilled orders
22, 35, 134
Wages
102
Stockholders, corporations
125
Stocks, commodity, index numbers
(see also Individual commodities) _ _ 23
Stocks, corporation:
New issues
122, 123, 147
Prices arid sales
120, 121, 147
Transfer taxes on
109
Stokers, mechanical, sales
41
Stone, clay, and glass products:
Employment index
100
Pay-roll index
104
Production, etc
68, 69, 70
Time operations, factory, index
number
105
Stools, piano
67
Stores, retail, sales and number operated
106, 107, 108, 109, 110, 111
Structural steel:
Fabricated, sales.
36, 134
Prices, beans
134
Suez Canal, traffic
93
Sugar, exports arid imports, meltings,
stocks, receipts, etc
89, 143
Suitings, wool, wholesale price
28
Sulphuric acid, price and exports. 74, 140
Sweden:
Foreign exchange rates
126, 127
Foreign trade with
128,129
Switzerland:
Foreign exchange rates
126, 127
Foreign trade with
128, 129
Taxes, internal-revenue
42, 109

162
Page numbers refer to data in detailed tables (pp. 22-151) only. Items in the text are arranged in groups which should make
references easy without the necessity of an index. See also " Table of Contents," page 1.
Page Trade—Continued.
Page
Page
Foreign, United States
128, Walnut, lumber and logs
Tax-exempt securities
122
64
129, 130, 150, 151 War Finance Corporation loans
Tea, imports, stocks
90, 143
122
Retail
106, Ward, Montgomery & Co.Telegraph and telephone compa115
107, 108, 109, 110, 111, 115 Washington, D. C., Government emnies :
Wholesale
112, 113, 114
ployment in
100
Revenue and earnings
99, 125
Trucks:
Stockholders, American TeleWashing machines, electric, sales
41
Automobile, production
42 Water power, electric energy prophone & Telegraph Co
125
Electric industrial, shipments
43
duced
99
Ten-cent stores, sales
106, 107, 108
44 Webbing, elastic, sales
Terra-cotta bookings
69 Tubular plumbing, sales
32
Turpentine receipts, prices, and
Textiles:
Welland Canal, traffic
93
stocks
71 Wells, oil, completed
Burlap and fibers
32
48
Clothing
24, 25, 27
Western pine lumber, production,
27
Cotton
28,29,131 Underwear, knit, production, etc
shipments and stocks
63
Cotton manufactures
30, 31, 131 Unfilled orders, index (see also IndiWheat:
vidual commodities)
23
Employment index
100
Exports, receipts, visible supply,
Hosiery and knit underwear
27 Unions, trade, employment in Canetc
80,141
ada
101
Machinery activity___ 26, 30, 32, 131
Production (crop estimate)
78
109 Wheat flour production, consumpMill dividends and stock prices _ _ 30, United Cigar Stores Co., sales
120, 131 United Kingdom:
tion, exports, prices, etc
79, 141
Fire losses
60 Wheat grindings, United States and
Pay-roll index
„
104
Rubber stocks
54
Prices, wholesale
28, 131, 132
Canada
79
Foreign-exchange rates
126, 127 Wholesale price indexes
Silk
28, 32, 132
24, 25
Foreign trade with. 128, 129, 150, 151
Time operations
105
Wholesale trade:
Webbing, elastic
32 United States Government. (See
Credit conditions
*
114
Wholesalers, credit conditions __ 114
Government, U. S.)Price indexes
24
Wool
26,28,132 United States Steel Corporation:
Sales
112, 113, 114
Earnings, unfilled orders
35, 134
Theater admissions, internal-revenue
Stockholders
125 Wisconsin employment and earntaxes on
109
ings
101, 103
Wage rates
102
Thompson, J. W., Co., restaurant
Wood consumption and stocks, chemsales
109 Utilities, public. (See Public utiliical plants
72
ties) .
Tile production, stocks, prices, and
Wood furniture
67
shipments
69
59, 138
Vegetables, car-lot shipments
82 Woodpulp___Tin deliveries, imports, prices, and
Wool:
stocks
45, 135 Vegetable oils:
Prices, wholesale
28, 132
Exports and imports
75, 140
Tires, production, stocks and shipReceipts, imports, consumption,
Production, consumption, stocks,
ments
55
stocks,
etc
36,132
etc
.
77, 140
Tobacco:
Woolworth, F. W. & Co., sales
108
Vehicles (see also Automobiles, ShipAdvertising, national, in newsWork clothing, cut, shipments, reping, and Railroads):
papers.
66
turned
stocks
27
Employment index number
100
Employment index
100
102
Pay-roll index number
104 Workers, registered
Pay-roll index
! 104
Worsted yarn, wholesale price
28, 132
Time operations, factory, index
Production, exports, prices,
58
number
105 Wrapping paper
stocks, etc
91, 144
66
Time operations
105 Veneer, rotary-cut
Yarns, cotton and worsted, wholeVessels. (See Shipping.)
Toilet articles, advertising in news^
sale prices
28, 131, 132
fixtures
68
papers
66 Vitreous china plumbing
121, 123,
147
47 Yields, bonds
Tools, machine, new orders
41 Vacuum cleaners, sales
Youngstown District, steel workers 7
Trackwork, steel.
38 Vulcanized fiber, sales and consumpwages
102
tion
46
Tractors, electric industrial
-. 43
Trade:
Zinc,
prices,
production,
receipts,
102, 103
B usiness failures
124, 148 Wages, factory, etc
shipments and stocks
45, 135
109
Canadian foreign
126 Waldorf System, restaurant sales