Full text of Survey of Current Business : August 1926
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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 *»£? 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